Registered Charity number 1193456 FRINTON FREE CHURCH A Charitable Incorporated Organisation Annual Report and Unaudited Financial Statements For the Year Ended 31 March 2025
FRINTON FREE CHURCH CONTENTS Pages Legal and administrative infonnation Report of the Trustees Independent Examinels report Statement of financial activities 10 11 Balance sheet 12 Notes to the financial statements 13- 23
FRINTON FREE CHURCH LEGAL AND ADMINISTRATIVE INFORMATION Charfty Reglstratlon Number 1193456 Admlnlstratlon Addrg 24 Connaught Avenue Frinlon on Sea Essex C013 9PW Phon• 01255 679585 erfnall office@frintonfrae.com frintonlree.cnn Treasur•r S Bell S•cretary M Betteridge {Resi9ned 13 June 20241 S Chandiwana (Appointed 13 June 20241 8ank•rs Lloyds 8ank PLC Vicloria13099501 PO Box 10IXI BX1 1LT Sollcltors An{tY Collins Solicitors 134 Edmund Street 8imiingham 83 2ES Independenl Examlner Piers Harrison FCA Scrutton Bland Limited 820 The Crescent Colchester 8usiness Park Col¢hester C04 9YQ
FRINTON FREE CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Frinlon Free Church, also known as 'The Free.. is affiliated to the 8aptisl Union of Great Britain. Our Charitable objective is the advanMent of the Chrislian Faith according to the principles of the Baptist denomination. Th8 Church may also advance education and carry out other charitable purposes in the Uniled Kingdom andlor other parts of the world. Our Vision is Ihal s•• a growlng crowd, •xGlt•d by God, l)Komlng dlsclples and brfnglng blesslng". Thks is Ihe church we beli8v• God has calsod u$ to bo. Our Purpos• is in 'maklng •v•ry mom•nl eount...*o Ilv•s Iransforn)•d by J•$us". Wo want lo seize every opportunity to show everyon8 jusl how much Ihey are loved and valued by God and lo see them join that growing crowd of people who are exciled by all that he has lor Iheml We are a comrnunty that values.. Cultivatlng Ol$¢lples- Through wotship. prayer and scripture Breaklng Now Ground- As pioneers and risk-takers with God RenewSng Wellbelng - Through encounters with God's shabm peace Glvlng G•n•rously- In response lo God's oveNthelming grace lo us Bolng God'• Chur¢h - Wherever We - We all hav8 a frontline The aclivili8s ol The Fr6e hav6 provided and continue to provide blIC benefil with opportunities for $piritu41, physical. intellectual. social and cultural de¥doOnI and they reach out into Ihe heart of the lool and wider Community- R•vl•w of th• past year We eontinued our pattem of serviees. which is 10am Colebration, 5.30pm calé church. and 7pm Thriv¢. We remain committed to Fyoducing Sunday Online. which subscribers lo our YouTubo channel can access. DVD copies continue lo be produced each week for thosè who are still unable to attend and $Injgg wrth online lechnolcrfjy. We continued with our Hub of Hope as we value seeing people's mental, emolminal and spiritual wellbeing renewed. Our group5 are safe and supportive spaces where il's OK not lo be OK and where Peop can grow and Ik)urish. varU$ well-being groups were setup post- pandemic, and this has continued lo make a name lor itself. There are named group$= Oa$i$ Community Café. which ha5 been running lor years, Dementia Café and Renew Well-being. bpecialist support groups.. AA. NA. ljieasi Gancèr $UPF)Ort an¢J Lhristians Against Poverty ICAPI. Creative and Sports groups.. Tab Tenni5. Art5 & Cr81ts and Crochet group.
FRINTON FREE CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Review of thè past year Icontlnued} Oasis Community Cafè is a premises attached to Frinton Free Church and run by a team of 30+ volunteers whose desire is to sefve God and their communrty. Oasis is not only a building il is also actiwty. ideas. community, art,. it'5 people. From Art Gallery. coffee. and snacks lo Renew and Relresh Prayer space, Book aub, Breast Cancer Support Group. Kid's Clubs, Crochet, and Craft groups. Alpha course5 and much more. Oasis is not exactly a community space and not exaclty a coffee shop bul more an evolving idea, a way of doing things. The calé is open Monday, Tuesday, Thursday, Friday and Sunday momings, serves up lo 100 guests per day and people can pop in Icx free Wi-fi. coffee and snack. read the newspaper or thèir book, or enjoy one ol our activities. find someone for a chal. me81 wilh friends. catch up on work or lake lime lo see the latest art exhibition. Our ministry of IM)stiThJ a school on our wemises conlinu8s. named Accm Amemalive Provision. Chur¢h L&ad•rship team.. Our church Elders are Mark Massey. Sally Bates. Steve Bell, Simba Chandiwana, Janel Hartnom. Cla1 Heffer. Rochelle Rous8 and Martyn Wal. Our Tru51ees are, Steve Bell, Simba Chandwana. Adam Hamèr, Natalie Harris, Jane Keeys and Paul Walkins. Our Ministers, Mark Massey and Sally Bales are also trustees. We also have a number ol people serving as Ministry Leaders. In July 2024 Jane Thoringlon- Ha5sell was elected Minislry Leader for Renewing Wellbeing. In January 2025 Dan Thurslon stepped down as Ministry Leader tor the l ech l eam arter 1 J years seNing In tnis roie ano Jenny Pr¢xter and Doe Lolley stepped down as Ministry Leaders lor the Women's Ministry. Geoff Thofinglon-Hassell was elected Minislry Leader for Audio & Visuals for Sundays. In October 2024. the church recognised the c811 of Claire Heffer to traln as 8 Baptist Minister. Claire subsequently secured a place lo Irain at Regent$ Park College in Oxford. In March 2025. the church fell bed to appoint Claire as a Minister in Training. a post she shall commence in September 2025. Membership.. Over the year there We 16 applrcations for membership. Followng deaths and people resigning membership, we ended the year wth a membership of 446. We rejoice that 15 people were baplised during the course of the year. During the year, we also raised monies for other ¢harities. For our Easter Offenng we raised £2,361.72 for The Light College. Of this, £1,017.32 was received during this financial year and £1,344.40 was received just prtrr lo the end of our previous financial year. Tho Light College seeks lo train. equip and connect pioneers and evangelists to go and make countless followers of Jesus. For our Harvest Offering we raised £1,868.64 for Walk Through the Bible. which teaches the big picture of the bible lo both adults and children. and we also donated food lo Walton Fo1 Bank. For our Chrislmas Offering we raised £3.600.73 for Beacon House, which offers help lo the homeles$ and those al risk of homelessness in Colchester and the surrounding areas. These funds have all been paid over to the relevant charttieg.
FRINTON FREE CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Structur•, gov•manc• and man•gwnont Resefves The unrestricted funds provide finance for the properties held within designated funds and also provide the wherewilhal for the Chuith to meel its financial obligations when they fall due. The Trustees intend lo mainlain funds Ihal are neither restricled. designated or not financing fixed assets al no more than six months normal expenditure. Rlsk Manag•ment The organisalion of the Church is constsnlly monitored by the Trustees to guard against risks that may be present in organisatson$ dependent lo a large extent on the offorts of volunteers. The fact that those volunteers ha th6 inler¢sls of thè Church uppermost giv05 automatic mrtlgalion to the perceived risk. 8•51¥ of preparatlon The financial staloments hav• bean prepared in accordance with Accounting and Reporting by Charitie$ '. Slalemenl of Recommended Pra¢lice applicable lo ¢haritie$ preparing their a¢¢ounts in accordan¢e wilh the Finanual Repjrting Standard applible In the United Kingdom arbd Republic of Ireland IFRS 1021 and the Charibes A¢1 2011 and UK Generally gpted Prad1 and tho a¢Gounting poknciès sotoul in thg nol95 19 tho finoncial ststemenls.
FRINTON FREE CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Trustees and The Court of Elders The Trustees, wtho usualty meet every Iwo months. manage the (aniSatl of the Church and t8rnporal affairs logetherwlh the Ministry Leaders. The Court of Elders. who usually meet monthly, have responsibility for the spiritual aspecl of the Church's work. Minislers attend the meetings as do the Church Secretary and Tr&asurer. During the year the folk)wing were members of the Court of Eldgrs: Eld•rn Mlnlst•rs Rev M Massey Rev S Bales J Hartnoll C Heffer R Rous8 {Irom 1310612024) M Wall M Beiiert(Jge {ex olnGlo to 1310812024 S Bell {ex officiol S Chandwana lex officio from 13106120241 During the year the folk)wing weTr Tru$loe$ of ¢harty.' Tru$t•o• Rev M Massey R¥v 3 B#l¥¥ S B811 M Betleridge Ilo 1310612024) S Chandrana A Hamer J Keeys P Walkins N Harris The Trustees and Elders are elected by the Church meelirw whth has the final authority in all matters relating lo Ihe lrfe of the Church. The key ManaMent personnel were made up of Rev M Massey, Rev S Bates and J Wright. Trustee$ R•crtsltment. Inductlon and Tralnlng en a new Trustee is required candrdales are •Jen1rfd by the remaining Trustees from among the Church members for Trustees and exlemally for Minislers. Trustees are sought wherever possible who have the appropriate qualifalK)nS and eXpernCe. The induction programm8 fry new Trustees is an infomial process through discussion wilh the Tnjslees.
FRINTON FREE CHU-,,CH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Publlc Ben•fft In setting the Church's objectives the Trustee$ have given ful consideration to the Charity Commission's general guidance on publi¢ benefit. In doing so The Trustees have ¢ompliad with their duties in this area a$ set out in Sectitin 4 of the Charities Act 2011. Plans for the y•ar ahead A Dlsclpleshlp Pathway Building on WO over the past year we shall be aiming to fulty implement otsr discipleship pathway, offering a next slep to everyone as they seek lo follow Jesus. This pathway will be for everyone of any age in our church communtty and those joining the church. Bulldlng ProlKt During the coming months we shall present a plan lo improve Ihe situation of the Lar9e Hall, the storage area and the small kitchen. These areas are used by many from our community and have been somewhat neglected when il comes to refurbishment. 11 is our aim lo bring Ihese areas UP to the same aiandard as Oasis and No.4 Youth Cenlre, by rede&ignin9 them lo bring aboul a far better environmenl for au who use them. R•sponslbllftl•s ol Trust••• for th• financlal slat•m•nts The Church's Trustees are responsible for preparing the Trustees. Report and Financi81 Statements in accordance with applicable law and regulations. Tho law 4pplicabl• to chariti9# in England & Wal•s r•quir•# th• Tru$t••s to pr•par• finanei•l statements for each financial year in a¢cordan¢e wrth United Kingdom Generally Accepted Accounting Practice Iuniled Kingdom Accounb'ng Stsndards and appli¢ablo lawl. Th• Trustees musl not approve Ihe financial slatomenls unless they are satisfied that they givo a true and lair view of the state of affairs of the charity and of the incoming resources and applicalion of resources. including the in¢ome and eXpendrtu, of the ¢harity for that period. In preparing these financial slalements, the Tru5t&es are required to.. select suitable accounting policies and then apply them ¢on$istently', observe the methods and principles in the Charities SORP: make judgements and estimates that are reasonable and prudent: stale whether appltcable accounting slandards and statements of recommended practice have been followed. subject lo any material departures disckjsed and explained in the financial stalements: and prepare the financial stalefflenls on the going concem basis unl&ss il is inappropriat• to presume that the Church will continue in operat.
FRINTON FREE CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The Trustees are responsible for keeping sufficient accounting records which disclose with reasonable accuracy al any lime th8 financial position of the Church and enable them to ensure that the financial slalemenls comply *Mlh the Charities Act 2011. the Charity IAccounts and Reports) Regulation5 2008 and the provisn5 of Ihe trust deed. They are a150 responsible lor safeguarding the assets of the charity and hence for taking reasonable steps for the wtsvention and daleclion of fraud and other irregularities. Signed on behalf of the Trustees S ChandSwan• Secrelary proved by the Trustees on .IcFI
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FRINTON FREE CHURCH I report to the Iruslees on my examination of the financial statements of Frinlon Free Church I'lhe charity } for the year ended 31 March 2025 which comprise the Stslemenl of Financial Aclivitses, the Balance Sheet and relaled notes. This report is made solety to the charity's truslees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been vndertaken so that I might state lo the charity's Iruslees those matters l am required lo slate to Ihem in this report and for no other purpose. To the fullest extent permitte(J by law. I do not accept or assume resFonsibility lo anyone other than the charity and the charity's trustees as a tmyjy. lor my work. for this report. or for th6 opinions I have formed. Responsibilili•s and basis of report As the Iruslees of the ¢harity you are responsible lor the preparation of the financial slalements In accordance with the requirements of the Charilies Act 20111.lhe Act'l. I report in resp¢¢t of my examination of the ¢harity s financial slai6menls carried out under $e¢lion 145 of the A¢t and in earrying out my examination I have followed all the applicable Olreciions given by ihe Chaniy Commlssion under sectK)n 1451511bl ol the A. An independent examinatK>n does not invclve gathering all the evidence that would be required in an audit and consequenlty does nol cover all Ihe matters Ihal an auditor considers in giving their opinion on the financial slatemenls. The planning and conduct of an audit goes beyond the limited assurance th81 an Independent examination can provide. Consequently I &xpres$ no opinion as to whether the financial ststernenl$ wesent a 'lrue and fair, view and my report is limited lo those specific matters sel out in tho Indendent examiner's slatemenl.
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FRINTON FREE CHURCH Independent oxamlnerfs Statement Since the CIO'S gross income exceeded £250.000 your examiner must be a member ofa body listed in section 145 of the 2011 Acl. I confimi Ihal l am qualified lo undertake the examination because l am a member of ICAEW. which is one of the listed bodies. I have completed my examination. I confimi that no material matters have come lo my attention in connection th the examination gNing me cause to belteve that in any material respe¢t.' accounlirig re¢tyd$ were not kept in re$p¢¢t of tho d)anty as requwed by section 130 of the Acl,. or the finandal Statements do not accord wllh those records: or th• financial statgment$ do nol comply with th• applieablo roquir•m•nts conc•rning the fomi and conlent of accounls set out in the Charities IAccounls and R6portsl Regulations 2008 other than any requirement that the accounts give a 'lrue and lair view which is not a matter considered as part ol an independent examinalKIn. I have no concems and have come across rK) olher matters in connection wilh the examination lo which attention should be drawn in Ihis reFM)rt in order lo enabl8 a proper und6rsl8nding of the financial slalemenls lo be reached. Plers Harrlson FCA Scrutton Bland Limited 820 The Crescent Colchesler Business Park Colchesler Essex C04 9YQ Dale.. ai TK)% 2oL
FRINTON FREE CHURCH STATEMENT OF FINANCIAL ACTivrriES YEAR ENDED 31 MARCH 2025 Unrestrfcted funds Restrlct•d Gèneral Desl9nated Funds Total Funds 2024 Income from.. Oonatlons and l•gaci•s Donations Offerings Income Lqx refunds Gifts Leqacies Charttable actSvltl•s Youth holiday incom8 Groups and activities income Church goods and s8rvice5 Local outreach in¢ome Inv•stmenl Incom• Rents Received Bank and building sooety inleresl Cashback 28,279 300.543 52,004 1.700 28,279 308,613 $4,187 4,059 29,881 278,604 49,218 8,198 7.224 8,070 2,183 2.359 6.995 6,995 11,038 6,403 3,175 11.038 6.403 3.175 11,901 4,505 2,926 20,099 20,099 15.483 109 Totsl InGom• 423,350 19.607 442,957 407,945 ndltur• on: Charltable aetlvltl•s Groups and aclivilies cosls Ministry Offerings paid Global outreaeh Local outreach Buildin9 maintenance Heal, light and walor Small plant and equipment Insurance Cleaninglcarelaking Gifts Fees and subscriptions Caterlng Donations Depreciationlamortisation Adminislralion Independent examiner's fee Church goods and services Youth holiday Compassion fund granl 9,299 156.641 624 2.773 6.487 9,923 159,414 6,487 26,287 10.458 13,724 31.465 10.792 5.091 48,401 10,080 162,027 26.287 10,458 13.724 31,465 10.792 5.091 48.401 907 19.353 24.041 3.621 2.896 58.239 3.240 2.122 168 27,583 9,397 19.908 36,340 7.972 4,136 37.964 704 18,097 24.539 1,600 12,795 65.610 3.060 1,243 19.353 24.773 3,621 4.696 S8.239 3.240 2,122 168 1.146 134 1.800 Total expendlture 428.491 1.800 10.018 440.309 443.055 10-
FRINTON FREE CHURCH STATEMENT OF FINANCIAL ACTivrriES YEAR ENDED 31 MARCH 2025 Unrestr+cted funds General Designated Restrlct•d Funds Total Funds 2024 Net {expendltureVlncome before Revaluatlons (5.141) {1,800) 9,589 2,648 135.1101 Galn on investment property Revaluation 108,312 Ngt (•xp•ndltur•Vln¢¢xn• {1.800) 9.589 2,648 73,202 Transfers befyveen lund$ N•t mov•ffl•nt¥ In funds (5,141) 11.8001 9.589 73,202 R•¢onclllatlon of funds Totsl funds brought forniard 95,783 613,787 2,611 712.181 638,979 Total funds carried fopward £ 90,642 £ 611,987 £ 12,200 £ 714.829 £ 712,181 Represented by: Tangible fixed assets Current assets Total liabilities 16,278 96,459 122.0951 611.987 628,265 632,961 108,659 103,180 {22.095} 123,9601 12.200 £ 90,642 £ 611.987 £ 12.200 £ 714.829 £ 712,181 See note 11 for the comparative Statement of Financial AclivTrties analysed by fund. Conllnulng op•ratlons All incoming resources and resources expended deriv8 from continuing aclwits'es. Total r•cognised gains and losses The statement of financial artivities includes all gain5 aThJ 1055es nISed in the year.
FRINTON FREE CHURCH BALANCE SHEET AS AT 31 MARCH 2025 Noles 2025 2024 Flxed assets Tangible assets Investment propety 21al 21bl 103,265 525,000 107,961 525.000 628.265 632,961 Curr•nt a#s•t• Cash al bank Current accounts Cash in hand Building society deposils Sundry debtors 98,591 1,427 270 ,371 85.132 2,256 270 15,522 108,659 103.180 Llabllltles Cr•dStorn- amounts f•lllng du• wlthln on• y•ar Sundry creditors Deferf¢d inc(xn• 22,095 20.560 3,400 22,095 23,960 Net current assets 86,564 79,220 Total a*s•ts l•s• curr•nt Ilabllltl•s 714,829 712,181 Total net assets £ 714,829 £ 712,181 Th• funds of thg charity Restricted fund$ Unr¢slrictcd funds= Designated funds G¢neral Gharilable fvnds 12,200 2.611 611,987 ,642 613,787 95,783 Totsl ¢harity funds £ 714,829 £ 712,181 ILL5 roved by the Trustees on .... ......... and signed on their l - Treasurer S Chandiwana- Secretary 12-
FRINTON FREE CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES a) The financial statements have been prepared in accordance wilh the Stsiemenl of Recommended Pradice.. Accounting and Reporting by Chanlies preparing Iheir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 and the Charities Act 2011 and UK Generally Accepted Practice as rt appl$ from 1 January 2019. The financial slalomenls have been prepared to gNe a Irue and fair, view and hav8 departed from the Charities (Accounts and Reports) Regulations 2008 only lo th8 exlenl requiffjd lo provide 8 'true and fair view,. This departure has involved following Accounting and Reporting by Charities .' Slalemenl of Recommended Pra¢li¢e appliuble lo charitie5 preparing their acc4)unls in a¢¢ordan¢e wslh the Flnan¢ial Reportlng Star*dard applicab in Ihe UK and Republlc of Ireland IFRS 1021 (Second Edition) rather than the A¢¢ounling and Reporting by Charities.. Slalemenl of Re¢cMnmend8d Practke ?ffe¢bve from 1 Arjril 2005 which has Since been wlhdravln. The financial statements have been prepared under the historical ¢osl convention. The financial slalemenls include all transactns. assels and liabilities for which the Church is responsible in Law. They do not incltsde the accounts of church groups that owe their main affiliation lo another body, nor those thal are infomal gatherings of church membefs. The CIO constitutes a public benefit entity as defined by FRS 102. The truste8$ Consider that thera are no Materi uncertaintias about the CIO abllily lo continuè as a going concem. The financial slalements are rounded to the nearest £1 and are prepared in sterllng. The following principal a¢untIng pol19$ have been appld. bl The policy related lo capital expenditure and deFYeallOn Is stated in the notes on fixed assets arKI investment properties. c) Donations including aSslated lax credits and legacres are recognised when the Church is advFsed of the certain amount receivab. d) Grants receivable are recognised when the Chur¢i• is advised of amounts to be received. Grants payab are recognised when the commitment is made. •) Direct charitable expenditure wmprises costs incurred in the day lo day maintenance of the Church's property, the costs of Ministy and Mission and supwrting these activits'es. 13-
FRINTON FREE CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES - (continuodl Non charitable expenditure compnses costs of administering the Church. financial obligalions and other costs not directly connected with Evangelism. ) The income and expenditure of the various activities of the Church that hold separate funds has been included in the financial statements. The individual accounts for oach activity are availabb as a momorandum ac¢ount oulside the financial slalemepls. h) The Charitable incorporated organisation qualrfies as a small charity as defined in the Charities SORP IFRS1021 and as such is exempl fiom preparing a Slalomenl of C8sh Flows. l) Thè Church makes paymènts inlo dèfined e4)ntribulKJn pensh)n schemes on behalf of qualfying staff. The assets of the schemes are held separately Irom those of the Church. The amount charged to the slalemenl of financial aciivilies of £11,316 12024 £10.909} r$prè6onts tho contributions payablè lor tha y•8r. Ponsion costs are allocated lo activities in proportion lo the relaled slaffing costs incurred and are wholly ¢harged to unrestricted fund$. J) Reslricled funds exisl when funds are rat5ed ordonated for a specrfic purpose such as property purchase or special appea15. All other lunds arising from activities of the Church are unrestn'cled. however the Church has designated part of these funds for specific purposes. The aim and uso of each d6$ignat6d fund is detailed in the notes lo the financial slatemenls. k) Th• Chureh i# a eharity within th• m•aning ol th• Charfti•s Aet 2011 and *# such is a charitable incorporalgd organisalion within t1 meaning of Part 11, Corporation Tax kl 2010. AOrdInglY thè Church is potentially exempt from taxation in r85P8Ct ol income or gains received within calegrleS cov6red by Part 11, Corporation Tax Act 2010 or Sedion 256 of the Taxabon of chargeab Gain5 Act 199210 the oxlent that such nme vr gains are appl exdusively lo its charitable purw$e$. 14-
FRINTON FREE CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES - (contlnuedl l) Legaoes are accounted for once the church is entitjed lo the legacy. Entillement is the eartier of the thurth being ItIr1ed of an impending dislribulion or the legacy being received. Financial instruments are classffied and accounted for. according to the substance of the conlraelual arrangement, as either financial assets or financial liabilities-. Short l¢fm dèbiors lffirtancial assets) are measured al Iha transaction rrfico. Short tèrm creditors loans {financial liabilili8sl are maasured at tha transaelion price. Long term debtors and editOrS are discwnlod. whgro required, and the dI$nting adjustrnent Wld be material. n) Aft•r r•vi•win9 tho onlity's forecasls and projoctions. th& Charilablo ineorporatod organisalion has a rea$Cfflab expectation that thè enlty has adequate r8sovrces to continue in operational existence for the forèseeèble lulure. The entity Ihefefore continues lo adopt the going ¢on¢em basis in preparing its finanaal slalemenis. FIXED ASSETS 21a) TANGIBLE ASSETS Flxtures, Fr••hold prop•rty fittlng5
nd
equlpm•nt Oasls No4 slgnat•d Funds- Total Cost Al 1 April 2024 Disposals 75.000 63.287 128.748 267,035 (7.768) 17,7681 Al 31 March 2025 75,000 63,287 120.980 259,267 Depreclatlon Al 1 April 2024 Charge lor the y88r Depreuation on ljsposals 27.000 900 22.500 109.574 159,074 900 2,896 4.696 (7,768} {7.768) At 31 March 2025 27.900 23.400 104,702 156.002 Net book values Al 31 March 2025 £ 47.100 £ 39.887 £16.278 £ 103,265 Al 31 March 2024 £ 48,000 £ 40.787 £ 19.174 £ 107.961 15-
FRINTON FREE CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 21a) TANGIBLE ASSETS- (continu¢dl All fixed assets are for use in pursuing the charilablo objectives of the Church. Up lo 1999, the policy ol the Church had been lo write off capital expenditure as incurred. To comply with Ihe SORP the Churth has now capilalis¢d. at cost, major oxponditure on property since 1994 and -i fixtures, fittings and equipmènt from 2000. on the basis of cost over £3.500. Amortisation is provided over 50 years on the value of Ihe buildings comprised in freehold propety stsrting in the year of purchase. Depreciation is FKovided al 10% per annum on cost of fixtures. fith'ngs and equipment to write assets off over 10 years. The Church first acquired propety in Fnnton on Sea in 1899. Up lo 1993 the costs of acquisitions wefe £2.471. but there is M record of the costs of buildings erecled on land owned by th6 Church. The insured values ol the freehold woperty owned by tho Church. induding tho investment properties, was £8,103,684 during the year (including the in$uran¢e of propety capiialised at cost £75.000). The flat alx)ve No 4 is Currently being let and generating rental income, this is the long lemi intention ol the ¢hur¢h and on that basis was redassified as an Investment Propety in 2024 and the fair value of the rented part ol the building is included within Investment Properties. The froehold property of the Chuf¢h Is regl¥lered In Ihe name of the Bapllsl Vnlon Corporation Ltd a5 Cuslc*Jian Trustee. The condition of the fixed assets owned by the Church is kept consianlly under review by the Trustees. 21b) INVESTMENT PROPERnES No.4 Flat Wlttonwood Road Total Valuatlon At l April 2024 150,000 375,000 525,000 At 31 March 2025 £ 150,000 £ 375,000 £525,000 The investment properties are carried at fair value, this has been delemined by an internal valualton. No depreciation is provided, in Ihe opinK)n of the Iruslees, this is necessary in order to 9Ne a true and fair view of the financial position of the charity. Ch8ngOS to fair valuo ara rocognisod on tho Stat•menl of Financial Activiti•s. 16-
FRINTON FREE CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 DEBTORS 2025 2024 Incom8 tax refvnd Other deblors 6.121 2,250 9,966 5,556 £ 8,371 £ 15,522 4 CURRENT LIABILITIES 2025 2024 Accruals Social security Trade cr8dilors The Light College 17.242 4.626 227 15,760 3.456 1,344 £ 22,095 £ 20,560 5 RESTRICTED FUNDS B•lanc• Non upltsl Tr•n¥fer Incoming re$ource$ betW8on 01.04.24 r•$OUr¢ •xpend•d fund• 8•lanc• 31.03.25 Men's Ministry Youth Holiday Meals Matter Compassion fund Other funds Thè Light College Walk Though the Bib 8eacon House 645 624 21 8,613 1,000 2,277 289 8.613 1,116 513 337 4.432 77 1,017 1,867 3.601 125 1,017 1.867 3.601 £2.611 £ 19.607 £ 10,018 £ 12,200 The Men's Ministry fund relates to grfts receNed lo fund Yrk in this area. The Youth Holiday fund relates lo gifts received to help lund our young people's weekend away. The Meals Maller fund relates lo gifts received lo provide meals for those slruggling wlh the cost of living crisis. The Compassion fund relates lo gifts received to help Ihose who are struggling. Other reslricled funds relate lo amounts received and expended during the year together wrth small funds with a closing balance of £400 or less. 17-
FRINTON FREE CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 6 UNRESTRICTEO FUNDS Balanc• Movernent in funds ot Incomlng Exp•ndltur•. Transl•rs 01.0424 rasourcès IgaSnslllossos Balance at 31.03.25 G•n•ral charitsbl• funds 95.783 423.350 428.491 90.642 Deslgnated funds: Propety Trusl No 4 F18t Wittonwood Road 48.000 40.787 150,000 375,000 47.100 39.887 150.000 375.000 £ 709.570 £ 423.350 £ 430.291 £- £ 702,629 Tho PrOty and Trusl Fund$ have t*en designated to represent the amounts hold in fixed as5el$ in respect ol the property in Connaught Avenue, Frinton on Sea, used for Church purpose$. The Wrttonwood Road and No 4 have been designated to represent the amounts held in financial assets in respect of the propety in Wittonwood Road and the No. 4 flat. 18-
FRINTON FREE CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 7 STAFF COSTS During the year the Church employed one Minister. one associate minister. one operations manager, one part-lime youth pastor, one children and schools worker, one part-timg church centre manager. one Tson part4lme on administration dutses and two part-lime cleaners. None earned in excess of £60.000 during the yew. 2025 2024 Gro •mploym*nt ¢o•lJ Employor's National Insurance costs Pension provision 191,948 15,940 11,316 184.718 14.618 10.909 Totsl employment costs £ 219.204 £ 210.245 Tho aggr¢galo remuneration of key management personnel was: 2025 2024 Gross employment costs Employer's National Insurance costs Pension provision 100,515 10.105 8.327 102,938 10,335 8.550 Tolal employment costs £ 118.947 £ 121,823 19-
FRINTON FREE CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 8 PENSION COSTS The Church is a parb"cipating employer in the Baptist Pension Scheme I'the Scheme"), which is a separale legal entity administered by the Pension Trustee (Baptist Pension Trusl Limil¢dl- The Scheme. prevbously known as the Baptssl Ministers, Pension Fund, started in 1925. Al Ihe beginning of the financial year. the scheme comprised of a defined benefit scheme which was closed lo future accnjal of defined benefits on 31 December 2011 and a deflned conirlbuiion pkin whlch was opened In January 2012. The assets of the Scheme are hekl separatety Ir¢xn those of the Employer and the other participating employers. For the current financial year, the pension pfovision for members of the Scheme is being made Ihrough the Oefined contribub.on IOC) Plan. In general, members pay 8Yty of their PenSnable Income and empbyers pay 6% of members. Pensionable Ineoma into individual perbsion accounts, whith are operaled and mana9ed on behalf of the Pension Trustee by Broadstone Corporale Benefits Lld. In addition. the employer pays a further 40A of P•nsionabla In¢om• to ¢ov•r Dgath in S•rvic• Bonofits, administration eosts, and an associated insurance policy whi¢h provides in¢ome prolection for Scheme members If Ihey are unable to work due to bng4erni incapacity. This income proleclty)n policy has beèn insured by the 8aplist Union of Greal Brilain with Aviva Limited. Furthermore members of the 8asic Section pay reduced conlribulions 015 % of Pensionable Income, and their empbyors also pay a total of 5%. In O¢tober 2024, the in$Lirance company Just Group completed a buy out of the Ikgbililies of the ¢losed defined benefrt schwne. From that dale any remaining liability of the participalinq Scheme members lo a defined benefit scheme ceased and Ihe £1 per month deficit contribution5 payable be Ihe participating employers which were agreed in tho recovery plan approved in August 2022 also ceased from that dale. Administration of the closed defined scheme transferred from the pension trustees to Just Group from that dale. The Minister and some members of church staff are eligible lo join the Scheme. Seelion 28.11A of FRS 102 requIS agreed d¢fi¢it re¢overy payments to be recognised as a liability- The present value of the agreed deficil contributions wefe immaterial al the beginning of the financial year and were fully extinguished once the buy out was cOmpted by Just Group in October 2024. 20-
FRINTON FREE CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 9 CONTROLLING PARTY The Trustees. as a body control the chanty. 10 RELATED PARTY TRANSACTIONS I significant expenditure is only authorised upon receipt of at least Iwo quotations. Transactions. Including Ihe reimbursement ol expenses, were not material during the year. Steve Bell is a TnJslee and the owner of corn810ne Constructbon. During the year. Frinlon Free Church acquired services from C(Knerslone Construction amounting lo £2,37412024'. £2,797) on an arnis length basis. Tho Iwels of r•nuneration are sel by the Trustees. The following Trustees have be¢n paid remuneration a$ a result of their employment with Ihe Church for roles olher Ihan as a Trustetr.. Employ•r' natlonal Penslon Insuran¢• provlslon Gross Rev M Massey IMini51ry1 Rev S Bales (Ministry) 37,485 35.280 3.918 3.613 3.749 3.528 Other than noted above. there were no further related party transactions. 21
FRINTON FREE CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 11 STATEMEfrif OF FINANCIAL ACTNITIES YEAR ENDED 31 MARCH 2024 Unr•strlct•d lunds Restrlcted G•n•ro1 D•signat•d Fund• Total Fund• Inc+Jme fr Donatlons and l•gaci•s 363.793 9,332 373,125 Oth•r trading activiti•s 19.332 19.332 Inv•¥tm•nt Inc¢bm• 15.488 15,488 Tot•1 In¢om• 398,613 9.332 407,945 Ch•rlt•bl• •¢tlvltl•s 424,401 1,800 16.8S4 443,055 Total eXndItr• 424.401 1.800 16.854 443,055 -22-
FRINTON FREE CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 11 sTATEmETr OF FINANCIAL ACTNMES {Contlnued) YEAR ENDED 31 MARCH 2024 Unrestrict ndS RoStrlct•d G•n•ral Designat•d Funds Total Funds Net In¢ornol{exyndltur•) befor• rovaluatlons {25.7881 (1,800) 17.5221 135,110) Gain on investrnenl propety Revaluation 108,312 108.312 N•1 l•xp•ndltur•ylncom• (25.7881 106.512 17.5221 73,20Z Translers befyyeen funds N•t mov•ment* In fvnd• (25.788) 106.512 17,522) 73,202 Reconclllallon of funds Total funds brought forward 121,571 SOY 275 10.133 638.979 Total lund$ carried forward £ 95.783 £ 613.787 £ 2,611 £ 712,181 Represenl¢d by: Tangible fixed assets Current assets Total liabilities 19,174 100.569 123.960) 613.787 632,961 103,180 123,960) 2,611 £ 95.783 £ 613.787 £ 2.611 £ 712,181 -23-