HINCKLEYBAPTISTCHURCH Hinckley Baptist Church Reports & Accounts Financial Year Ending 3111212024 Contents Legal & Administrative Details Trustees Report Independent Examiners Report Receipts & Payments Statement Asset & Liability Statement Notes to the Accounts Created using ExnseP1us
Legal & Administrative Details Charity Name.. Hinckley Bapts'st Church Charity Number. 1191586 Charity Address: The Baptist Chapel Baptist Walk HINCKLEY Leicestershire LE10 1PR Trustees: Helen Marriott Huw Lloyd Davies Janellen Clarke (Appointed 0710112024) Jeanette Sharon Reeves Michael John ClevrJ (Appointed 21103120241 Sadie Allott William Henry Martyn Maltby Independent Examiner: Paul Dexter 2 Zealand Close Hinckley Leics.. LE10 1TJ
Trustees Report Objects of the charity The principal purpose of the chanty is the advancement of the Christian faith according to the principles of the Baptist denomination to include the advancement of education. community service and such other general charitable purposes in such parts of the United Kingdom and the world as the Churth shall detemine. Summary of the charity's maln activities and achievements To further the above objects and vision, the Gharityls main activities and achievements were as follows: Regular public worship, prayer, Bible study, preaching and teaching, Baptism, Communion of the Lord's Supper, Evangelismlmission, locally to intemationally. Teaching. encouragement, welcome and inclusion of young people. Nurture and growth of Christian disciples. Education and training for Christian and community seNice. Supporting and encouraging charitable soGial action in the UK and abroad. In planning the activities, the trustees have applied the guidan on public benefrt issued by the Charity Commission. Financlal Review FINANCIAL REVIEW OF THE YEAR TO 31st DECEMBER 2024 The following pages contain copies of the Financial SL2tements and the related Independènt Examiner's Temis of Engagement and Report. The notes below give further explanation and insight into the results reported. General SummaryTotal receipts during the year amounted to £182,269, including income of £60,757.43 a¢hieved from the Pathways operation in Room Lettings, Dementia and Welfare Care (under the Joumey Well . . umbrella) and Café sales. Pathways income was lower than in 2023 by £7,453.86. General offerings income. the planned giving and collections that are the Church's primary source of funds. amounted to £62,430.20, a decrease from last year of around £2,931. We received total Gift Aid from a combination of covenanted giving, donations and smaller offerings of £14,007.96. The church manse was let out for 8 months during 2024 and this brought in rental income of £6,800. The Thank Offering weekend is an annual occasion. normalty held as part of the Churth's anniversary, when the Chur¢h celebrates its history and gives thanks for the work currently taking place. Donations are usually given for a spécffic purpose as part of this occasion. This yeals receipt of £9,481.25- being an increase of £5,943 on last year- together %4llth tax refijnds from Gift-Aided donations was used to help the funding of a project in Burundi to reftjrbish the basketball court. provide nets and goals so as to allow children and youth in this rural community to Gome together to enjoy some leisure activities
With expenses incurred in running the Pathways operations amounting in total to £68,144, the Pathways operation ended the year with a net deficit of £7.387. atthough this was a much lower deficit than we had budgeted for. During 2024 we did not employ the sep41S of a fvll-tirne Minister but instead called upon number of visiting Ministers and Laity to cary out the leading of services and preaching of the Word, with the church's pastoral car& headed up by our Elders. other expenses incurred during the year repre$ènted the cost of supporting the Church's various ministries and activities and ensuring our premises were maintsined in good order. Included in those expenses was the cost of employing the Church Administrator and cleaners {at £17,175), the sum of £20,044 paid for gas, eledricity and water supplies - a sharp increase on 2023 - and £8,974 for comprehensive insurance cover. Our work amongst children and young people associated with the church continued through S.A.L.T., messy Church and the brigades. Hinckley Baptist Church expressed its part in the life of the wider Church by making donations to BMS World Mission (£6,792) and the Baptist Union's Home Mission Fund of £7.596. Additional amounts Vre also donated by individuals, with the intention that they be passed on to specific charities as defined by their donors. All such donations were held in designated funds until passed on and are listed in the detailed accounts. In our current account- those general funds nol restricted for specific use- payments for the year were balanced by receipts and transfers from other funds. When added to the balance brought forward from 2023, we had a defiGit of £3,482. This was against a budgeted deficit figure of £16.259. The Church has an established Reserves Policy in order to set aside a balance of funds (General Reserve and Costs Incurred Awaiting Suppliers, Invol$) sufficient to provide for payment of known costs incurred in 2025 but not paid as at the 31st Dember and a contingency for unforeseen events, to ensure that the Church is able to functs'on effectively in the coming year. The policy and the amount of the reserve itself are reviewed annually by the Trustees (Diaconate). At the end of 2023, the resetve was £27,064. The Diaconate revIevd this resetve at the end of 2024 and, making an assessment of any major risks facing the Church, agreed reduction in the reserve to £24,758. The Diaconate is satisfied that. as of 31st De¢ember 2024, the Reserve Policy and the amended reserve amount are sufficient for the Church's needs in 2025. Designated funds The Communion Fund is set up to assist those within the Church and lotsl community in times of need. Donations from members and friends into this fvnd totalled £1,334.61 in the year. After gifts were made from the fund totslling £720 during the year, there is a balance of £5,140.11 carried forward into 2025. The Families Ministry fund holds gTfts donated specffically to support costs incurred in the work amongst ¢hildren and young people within the Church. A balan of £437 was held at the end of the year. The Church's other designated funds include... The Christian Education fund, set up to provide Christian education and training for the benefit of young people within the Church.. The Braille
fund, holding gffts donated sp8¢ifically the purchase of equipment to Produ service sheets and infomation for visually impaired members and associates. There was no movement in this fund during the year.. 3rd Party Donations are monies received by the Church and held in its bank account on behalf of third parties. Restricted Fundschurch Organisations. funds. held within the Church's bank account on behalf of XYZ, our group for older people within the Church. are for the exclusive use of that group. The two remaining restricted ftjnds held at the end of the year reflect monies given for very specific purposes, one for completion of the new church organ and the other for specific use in mission and outreach. Bank accounls.The Church continues to use the Cowoperative Bank PIC to hold its funds, as this bank continues to operate with an openly stated ethical policy that is close to that of our own. In addition to monies held by the Co-operative Bank Plc, we also hold deposit accounts with the Baptist Union of Great Britain. £33,090 in a 12-month fixed temi deposit until 31 st July 2025 and a further £44,389 available at 3 months, notice. As a result of generaSly higher interest rates in 2024, we eamed £3,010 in interest on these funds in 2024. an increase from the £2.373 reiVed in 2022. The FutureAlthough we do not Gurrently employ a Minister, we have been actively seeking a new minister during 2024. We received a number of pledges towards the cost of a new minister- some of which are being received on an ongoing basis - which continues to build up as a reserve. As of 31st December 2024, this reserve totalled £41,523.93. The economic environment in 2024 remained challenging with inflation having a significant 8ff8c* on the churches expenditure, parts'cularly on energy costs. Wrth this in mind l am grateful for the generosity shown in temis of the donations received both specifically for th8 continue with in Pathways but also to HBC in general which have helped us to finish the year with a small surplus in the current account against a budgeted deficit. These challenges are set to continue during 2025. The church started using a new accounting software package- Expenseplus- during 2024 and having research other altematives this was our preferred choice in terms of being best suited to our needs. This is a sofhvare package used by many churches across the country and has impressive levels of support available. Having officially adopted this system from 1st September 20241 am very grateful for all the hard work of David Eves not only for the time taken in researching the different account packages and recommending lo me that we use ExpensePlus, but for carying out the painstaking task of uploading all of the date for 1 st January to 31st August from the old system to the new one. David continues to be an invaluable support to me. Other acknowledgments I would also lik8 to thank Paul Dexter for once again auditing our arKounts diligently and meticulously as always, particularly given the extra challenge this year given the new System as detailed above.
Huw DaviesTreasurer R88erves Pollcy Assessment of reserye level required for HBC The principal factors to be considered are.. . The securrty of employment for our employees . Our ability to meet our obligations to our creditors . In the case of the failure of the church or any of its functions or operations, our ability tofund redundancy payments and dose down the failing fundion or operation in an ordedy fashion, so as to allow our employees some time to find other employment and to minimise. for our Pathways, clients, the effects of closure. In light of these factors, a reserve set al a level to include the following elements would be the basis for our reserve.. A sum equivalent to 6 months, worth of stipend for the Minister. payable in the event of tennination of employment instigated by HBC. A sum equivalent to the amount of pay due to each of our employees, payable in the event of redundancy in accordance with tems as laid down by HM Govemment. A sum equivalent to 3 months, worth of Pathways, room hire income based on the budget set for the coming year. A sum equivalent to the value of utility supplies (Electricty, Gas and Water), used up to the date of this policy but for which no payment has yet been requested by the supplier. A surn sufficient to ¢over other known Costs that have been incurred at the date of this policy or must necessarily be incurred after the date of this policy, but for which payment has not yet been requested by or paid to the Gredrf(or. A sum equivalent to the canc811ation costs of any existing contracts. At the year end, the charity held unrestricted cash of £24.758. Signature This report was approved by the trustees, and is signed on their behalf by.. Name EsPr¥ ic Signature Dale 3oL HixLh 2r
Independent Examiners Report I rwjrt to the trustees on my 8xamination of the accounts of H1nceY Baptist Churct Ilhe charity'l for the year ended 3111212024. Re¥ponslbllftleb and Bas18 of Rgport As th& trustees of the c8rity you are resp)nsbl8 the Fryaration orthe accounts in accordance wth th6 rgquirements of the Charities Atx 2011 I'the 2011 Act'i. I report in respect of my examination of the tharity's a)Unts carried out under section 145 of the 2011 Act and in carrying out my examination I h8ve followed all the applicable Directions given by the Charity Commission ur¢der section 145151{bl of the 2011 Act. Indèpend•nt Ex•mlnef$ 8tatem•nl I hav8 ¢X•mF4eled my examination. I confi that M material matters have come lo my attention in connection the examination givin9 mo cau8e to bali¢ve that in any material re6PgCt'. accounting records ware not kept in aCCordare with secion 130 of the 2011 Acl,. or 2. the accounts do not acurd wth the aLUting records. I have no conc6ms and have come ac¥oss no other matters in connection wth the examination lo which attention should be drawn in order to enable a proper understanding of thg accounts lo bo reached. Independent ExamlneVs O•talls Name.. Paul Dext8r Address.. 2 Zealand Close Hinckley Leic5.. LE10 1TJ lame 2* /2/202g
Receipts & Payments Statement Unrestricted Totsi Prtof y&r 0On • Legacie5 ai.740 .42 91.10 101.832 14.557 1.750 18,307 20.368 I Cmnty SiwJtGwAp Fund[ln9 Inveathents eank Inteiesi 2.374 rrading Actl¥ltzÈS 23,527 Sa 2.035 2,035 2,225 FnerthIP Cafe S181 3.395 3.3è5 3,500 H.U.G.S. Spuc4lll l L(wns Rw•J 2,5QO 10,153 , saOrFIX0A9$8ts iot3 eco,pis -.96 49e chvil•b Activities 2.263 AdrTh 18.825 18.825 18.582 553 Bank Chaw ¢omrnunty SuEv1GruJp Co811 | Ewikwl. Fmll | Rwwr•& MajnnarK 25.222 2S.222 IS,928 3,782 3.782 4.1n 453 l Fe830 Sut*Pb l Grfb Gen 2.683 20.331 421 20.758 32.974 | 11.202 12.3ST 23.659 6.109,, 11.453 Irp) 11,553 2B,176 Stsff Coats 44.018 491 43.5271 48,316 | Ublths Costs 20.044, 20.044 11.30 FixedA$9ei PU1805 4.057 4,OS7 lo,1 | Frlendthip Cots i H.U.G.S.
TrIng C<6ts 4,003 14,481 Total paytnenL8 166.227 14,717 180.943 194,W' Fur¢ Trnnsfwa In 9.645 | 13.4tr2 1 7.39B I 3.581 17.043 2.321 FU Tr•th OLtt 17.043 2,321 8,025 TOU C•¥h FuTrts Fon¥aT Ti,WFii-os cari.ea F0par¢ 84,443 148,791 146.839 '.44 27.953 IUnrn8ltKed) 30,865 4.3181 4.318 &Jpwt Fund fvCc41 crfMniar.: IRthhad) 41.524 1 41.524 32,048 $.140 5.140 r (DgnAtJ} 4.S2S BMSPlI8trI Due ' H.U.G.S. Funts IRW FrlèrKJ8hip Cwfè. Bkir9 5,774 5.774 4.S71 4,571 VykAr•• {Un[WtrKl ', XYZ Furth IReJtrithdl 341 341 4,574 4.574 4.32B Pwiir•ntydueth HMRC & BU P•igk)ns IR88trthJI HMRCAyrort ! 421 1 812 ReaeTh. Poltrt8ys ryi¥ 120 120 1.289 , Refvr0tshmt (Desynatadl ReJw¥8. Th•rth Offqriw (20191 .' IRtrvAed) 7,172, 7.172 7.172 R8sb. Thank (2018 IR8stri¢idl {Resbtrdl IResthLtsJI RewAtion120231 IWw81erf) R8t. Nv4V Clrc O 120151 {Re¥tn&edl R86m- S•k P(rxoth1s120151 IOe4VMt& ReBerw. SCW. &JruTrJ I 0221 IDe81gn•tyAI l.J701 1,370 1,370 2D1 Res. Chrob•n Edw Iwtr20101 (Don4Y) 3.2D5 3.205
IDe¥gnai•d) 7801 780 Rr¥. FanM¥•sMnthty (DMd) 437 437 (2019) (DOr&1) , SarKAuarySwTrl PC 1120191 IDn8knJl Mi¥er120191 {OesipnatsJl ., Rwer¥e. Br•1 Mathne Iw ' 2010) IOenat•Ji l Resgrvo- ForKaren W | M168iwI IRethdl Re¥. to Uz Swan. Buwdi1202Z) IRestrd&l Reaetyt. Dueto Hirth Afta ' Foothr& IResthcedl Re8w%- Due lo Margnln CArT IRe5tTh# 450 4¥0 53 240 IR96vkx•JI Reserva. Pws[¢.earé Bru IRtrK 4.246,, EquI[ffi It9) ComwstrJM ILnrtedl l¢e&w. PW*?fic.JW 2,212 2,212 2,212 Hirn Refvrth Itleswngw) 3.7 47Q) .. U8e (De9n} 24,75B 24.758 |AdlwbYnts arvj CorD IUnTWI Re8. PWs. MtyMnt•{Rasknd•Jl
Asset & Liability Statement Cash Assets Unrestricg•d Restrict&d Pnor Year, rnetal. Currort AcL¥yJnt (unrer) 279&1, 27953 318 ' Surwi FUndfOrC1lr{Reyttsaj . ÈeneK4eM Fund IDewrthJl I BMS la0 Don8lly4 Du2 IRt•dl i H.U.G.S. Funds (Rtsbitidl 41524 5140 $140 45 5774 25DD 4571 4571 Payrt41 WxkArg• IUnre6tr1#•Jl XYZ Funts IRe¥b1tsJl 341 432 4574 4574 4328 PayMts dwtyHMRC & BU Pw IRestrkJl -321 421 812 812 120 120 . (DgnAl Re8sTh8.Th8Th Offeriry (2t1191 (R•JthJl ReMN•.Th•nk Offertty IW18 {ReEIrthl R•ewht.Thank OTheriry (20231 IRe8trktsJi ReThY. Thank 12Q241 {RethJl ' Rr. CoY8e R0¥aonI2013l 7172 7172,, 7172 03B3 38OB i Reaer¥e. Newchurth (2015) i IRe4trd&l l Rese Old(hyan S•knProx•tslXIIS1 1370 1370 RoEerYe. Kiryb Sthcrl. Buru{2922l 201. 201 R8rye. Ed•kn (N&20101 3205 ReseTh. Nirdsty {lJenthl1 437 437 I ItYewatfyYI i Rfj8e. S8tKILWy pc (20191 IDe8wtedl R88ar¥e. SanrauarySryJnd MvAqr{2019) IDiatedl Re88w. ForK8W (K# F•t) IRe8bthJl 7M'. Resew. Due to Uz sl•Ww.forBwy . (2Q221 IF1r 4C4) 450
Re88fy8. Je b m8n C•w FWW 240 IRe {Restr) l fi8r¥8. PWSro.Call Equwrt 4245 4245 3525 2212 t212 2212 358 3700 | {DeteI J7to', 24756 | 2475B 27Ce4 Other Monetary Assets Notes VnfÈ$irl¢i4d R&stnCted Total Prior Year Investment Assets RÈslricted Total Prior Yèar 20 Ori¥0, HifK Flxed Assets Notes Unre5tri¢tp¢ Total Prior Year Land & Buddity8 4214885 42145e5 PA EtyriFffnl 107¥2 10732. Furn[e 15723 Liabilities Nole5 Loans 1)JistsDdin9 Payrn•nt HMRC Prnis
Signature These accounts have b88n approved by the trustees, and are SIgr on their behalf by.. Name Swdnature Date
Notes to the Accounts Accounting Pollcl88 The accounts have been prepared on a receipts and payments basis and comprise a statement that shows the charrty's receipts and payments, a statement that summarises the charity's assets and liabilitie5 and related notes. The accountancy profession have detennined that only accounts prepared in accordance with applicable accounting standards present a Irue and fair view and, as these receipts and payments accounts have not (and cannot) be prepared in accordance with accounting standards, these accounts do not present (and are not intended to present) a 'true and fai¢ view of the tharity's financial activities and state of affairs. General funds are unrestricted funds which are available for use at the discretion of the trustees in furtheran of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restric*ions imposed by donors,. they include donations received from appeals for specific activities or projects. Transactions to Related Partlo8 There Vre no transactions related parties during the accounting period. Mov•ment of Funds Fuiid Namè Oobniiig Èaiwnce Income Fund Traiisfer$ CIo$ing aalanCE lknw•l. Curonl Accojnt iunrèstrvXI 30.865 95.1e61 27.953 68.1M 4,310 &JpwJrt Fund lor Coll ol IReJtncted} 9.4781 41.524 CommunKn. Bw•V0 Fuj 224. IRe¥trhx•JI H.U.G.S Fn 2.5 S,774 FV4ndthp Cofé. 2.324 4.571 Pr7 kAr•8 1.383 XYZFund$ IR8Btrld•Jl -247 4,574 P8yIWli8du8 10 FWRC | & BU IR8gtdc<•Jl I HMRC 412 421 B12 12 12D 120
1.289 7.172 OTreriw120191 i otrenro (2018 R8. Tk i oirerfr¥120231 9.436 5,538 | Rwth. Thk | OffEriry120241 1%231 (Ownaw) Or9an129151 1.370 , sa PrLK4•Js12015) , Irwnthdl 201 Bunmdl (20221 (D6GhJn•tsdl 3.205 EdLtskn {kY&20101 | IC&¥natsdl 700 . IDwn&kndl 437, 120191 InI Strjnd PC {20191 {DesvJrAWI R8Eeo.sn&LkAry Swnd Mlxwl20191 .' Rea8Ne. Br•Y {FYtr2D101 (Dwwnatadl | R•sorvè. Far 7M {Reshir) 450 450 ,. St•ph•i. tr8urun '.120221 IR#tri(8dl i R•Bw¥. D10 macrnlln CAnrw i Rern. thto 203 240,.
IRe¥erve. PWSperJTrr. ,' C•fè 2.24B I 401 3.525 Cafè E9ThI IDew"gn9l I R8S8tve. PWSF•>Th¢. 1212 2212 1108SWtad) . Roorn Htre RdurKIs l Rese. PwSF. l GtraI u IWg08tedJ 3.7 3.7 , Y•8r Ej General 27.Crf41 24.75& I jU8mnts artd 1.7r#) 1,7 nts (Resiriciedl TOTAL qo