OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-12-31-accounts

CRANBROOK BAPTIST CHURCH TRUSTEES' ANNUAL REPORT FOR THE PERIOD FROM 1 JANUARY 2024 TO 31 DECEMBER 2024

AdministraDve details

Charity Address: Cranbrook Bap4st Church, Wellesley Road, Ilford, IG1 4JT Charitable Status: The Church is a Registered Charity, opera4ng as a Charitable Incorporated Organisa4on. Charity Number: 1193925

Charity Trustees:

Reverend Gilson Gwendu (Minister) Norhann Crowley (Church Secretary) Mark Durdle Sam Nelli Charmaine Russell

There was no Treasurer during 2024, the Treasurer’s tasks were shared between some of the Trustees and Tania Yessa.

Charity's Custodian Trustee: London Bap4st Property Board Ltd. which holds the legal 4tle to property of which the Church is the beneficial owner.

Charitable ObjecDve

The principal purpose of the Church is the advancement of the Chris4an faith according to the principles of the Bap4st denomina4on, including the advancement of educa4on, community service and such other general charitable purposes in such parts of the United Kingdom and the world as the Church shall determine.

OrganisaDonal structure and decision-making process

The Church was created under a Trust Deed and operates in accordance with a cons4tu4on which was last revised in 2020/2021.

Membership is by acceptance at a church mee4ng of those applying in accordance with the Church Cons4tu4on: on profession of faith in Jesus Christ, followed by bap4sm where applicable; by a cer4ficate of transfer from another Bap4st church; or by an acceptable document of commenda4on from another Chris4an body.

The Church Members' Mee4ng normally takes place six 4mes per year and has responsibility for the overall policy of the Church. In accordance with the Cons4tu4on, the Members appoint up to ten Deacons, who together with the Minister are the Trustees of the Church and are responsible for the day to day running of the Church's work and witness and the financial and legal aspects of the charity. The Church Secretary and Treasurer are appointed by the Members from the Deacons. All Members are encouraged to take an appropriate part in the spiritual and prac4cal tasks involved in the furtherance of the charitable objec4ve.

Relevant ma_ers may be submi_ed to the Church Mee4ng by the Trustees for guidance or may be raised by Members in Church Mee4ng for further considera4on by the Trustees.

1

Though the cons4tu4on permits decisions to be made at Church Mee4ngs by appropriate majori4es, the Church seeks to work by consensus wherever possible.

ObjecDves

In order to achieve the principal objec4ve which is set out above, the Church provides a variety of ac4vi4es both to its membership and to the community generally. The aim is to show the love of Jesus Christ in both word and deed and to bring people into a closer rela4onship with Him as living Lord.

AcDviDes

Central to the work and witness of the Church is the provision of regular public services of Chris4an worship. These services usually take place each Sunday at 10.30am, with Communion twice a month on the first and third Sundays. The church seeks to be a friendly and welcoming community and anybody is free to a_end any of these services. The verse for 2024 was taken from Micah 6:8: “He has told you, O man, what is good; and what does the Lord require of you but to do jus4ce, and to love kindness, and to walk humbly with your God?” The year began with a month of Prayer and Fas4ng in January.

A number of regular ac4vi4es ran in 2024, including some new ones. These include short 'prayer boost' sessions online on Mondays, a Tuesday Tea and Coffee Club at the Church, a Friday aiernoon prayer walk around the local area and a Bible study once a month (with supper).

The Parent/Carer and Toddler Group (Rainbow Toddlers) meets in the Church premises on Friday mornings during term 4me, with the purpose of assis4ng the community and demonstra4ng the love of Jesus Christ. The group offers ac4ve play, access to a wide range of toys, crai and singing.

We con4nue to run Crea4ve Zone for Kids, which runs once a month on a Friday evening (for ages 6-16).

Music tui4on sessions also run on Fridays, open to anyone wan4ng to learn to play an instrument. This has helped lead to the restar4ng of the worship group in October, currently up to 8 people who lead worship every Sunday.

countries of origin displayed inside. Par4cipants were encouraged to wear their na4onal dress and to set up a table represen4ng their country. Like previous years, we made good use of the church garden for a BBQ aierwards.

We have also done a number of Walk and Talks during 2024. These are walks through an area of interest or natural beauty. One such trip was a guided walk around historical landmarks in London. It isn’t just church people as it is also used as a form of outreach, where we try to invite friends/family who don’t normally go to church as well.

The Church has 3 home groups that run during the week; mee4ng in people’s homes and the church.

2

Throughout the year, monthly prayer diaries have been produced containing sugges4ons for prayer topics which all the church can pray about on the same day.

on the second Sunday. Which helps to build community.

Several bazaars were held during the year in the church front garden, allowing conversa4ons with passers-by or those coming in for tea or coffee as well as raising money towards the church and its charitable objec4ves.

The Church takes the safeguarding of children and adults at risk seriously and undertakes Disclosure and Barring Service checks on people working with these groups.

The Church Trustees have had regard to the guidance issued by the Charity Commission on public benefit and are sa4sfied that the ac4vi4es outlined above clearly demonstrate that the charity is providing a benefit to the public.

Chaplaincy

The Workplace Chaplaincy has con4nued, with co-founder Simon Standen from High Road Bap4st Church, we have been able to interact with many people in the local area. Providing them with a kind ear and praying for people when it has been requested.

Workplace Chaplaincy has been well received in the town, so far all has been going well.

Achievements and performance

The Church does not measure the success of its programmes only in numbers, including financial numbers, but also in less tangible areas like fellowship and encouragement. The Trustees recognise that these are difficult to measure, but believe that while there were challenges in 2024, it was a good year in the life of the Church with those involved growing in their loving concern for others. The Trustees believe that the Church will be able to pursue its discipleship and mission purposes in 2025 with enthusiasm.

Membership has been unchanged this year. Average a_endance at Sunday Services does vary a lot . Oien gepng 60+ when we have a shared meal aier the service. At the end of the year the church membership stood at 33 .

Financial review

The Church con4nues to raise the funds which it needs to carry on its ac4vi4es from within its own membership and congrega4on and by lepng its rooms and flat.

The Church expressed its part in the life of the wider church by contribu4ons to the work of BMS World Mission, the London Bap4sts' Home Mission Fund, and the Redbridge Chris4an Educa4on Project - organisa4ons with Chris4an aims and objec4ves compa4ble with the Church's own charitable purpose. As part of its BMS World Mission giving, the Church specifically supports Ben Francis in Calcu_a and Dave and Michele Mahon in Peru.

missionaries in Peru. Plus the Harvest Offering went to Teen Challenge.

3

The Church is heavily dependent on its membership working as volunteers in all aspects of the church's ac4vity, many of which run with li_le or no impact on the church's expenditure, but nevertheless contribute substan4ally to the achievement of the church's objec4ves. The financial results for the year, together with a summary of the accoun4ng policies adopted are set out in the accompanying financial statements.

at the end of the year together with ongoing income an4cipated, to enable the Church to func4on as a CIO effec4vely in the coming year.

that there are policies in place to minimise these risks. We believe we have in place sufficient public liability and employer's liability insurance.

4

INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS

Report to the trustees and members of Cranbrook Baptist Church on the accounts for the year ended 31 December 2024, which are set out on pages 6 to 24 .

Respective responsibilities of trustees and examiner

The charityÊs trustees are responsible for the preparation of the accounts. The charityÊs trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s statement

My examination was carried out in accordance with general Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a Âtrue and fairÊ view and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

1) which gives me reasonable cause to believe that in any material respect the requirements

2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

5

CRANBROOK BAPTIST CHURCH, Registered Charity No. 1193925, operating as a Charitable Incorporated Organisation

Accounting statement for the financial year ended on 31 December 2024

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

Unrestricted Unrestricted Restricted Total Total
General designated funds Funds Funds
Funds funds 2024 2023
Note £ £ £ £ £
Income from:
Giving 6 51,893 - 2,177 54,070 63,570
Interest 7 95 2,242 - 2,337 972
Lettings 8 43,610 - - 43,610 20,713
Other income 9 2,800 2,193 455 5,448 47,428
Total Income 98,398 4,435 2,632 105,465 132,683
Expenditure on:
Housekeeping 10 23,266 - - 23,266 25,858
Ministry and mission 11 54,332 - 2,177 56,509 50,182
Fabric costs 12 14,349 - - 14,349 7,258
Management and
administration		 13 4,717 - - 4,717 3,516
Total Expenditure 96,664 - 2,177 98,841 86,814
Gains on revaluation of fixed
assets		 14 409,663 409,663 269,173
Net income/(expenditure)
before
transfers 1,734 4,435 410,118 416,287 315,042
Transfers Between funds 24 - -
Gross transfers - In 1,000 1,000
Gross transfers - Out (1,000) (1,000)
Net movement in funds 2,734 4,435 409,118 416,287 315,042
Reconciliation of funds
Total funds brought forward at
1 January2024 - Restated 141,695 4,747 3,818,086 3,964,528 3,649,486
Total funds carried forward at
31 December 2024 144,429 9,182 4,227,204 4,380,815 3,964,528

The notes on pages 8 to 22 form part of these accounts.

6

The notes on pages 8 to 22 form part of these accounts. The notes on pages 8 to 22 form part of these accounts. The notes on pages 8 to 22 form part of these accounts. The notes on pages 8 to 22 form part of these accounts. The notes on pages 8 to 22 form part of these accounts. The notes on pages 8 to 22 form part of these accounts. The notes on pages 8 to 22 form part of these accounts. The notes on pages 8 to 22 form part of these accounts.

BALANCE SHEET AT 31 DECEMBER 2024
Unrestricted Unrestricted Restricted Total Total Funds
general designated funds funds Restated
funds funds 2024 2024 2023
Note £ £ £ £ £
Fixed Assets
Church premises 14 - - 3,333,704 3,333,704 3,220,936
Other property &
property-related
assets		 15 - - 886,976 886,976 590,081
Furniture &
equipment		 16 - -
Total fixed assets - - 4,220,680 4,220,680 3,811,017
Current Assets
Prepayments 17 - - - - -
Debtors 18 5,071 - - 5,071 7,475
Cash at bank - short
term deposits		 19 145,364 8,166 6,167 159,697 145,698
Cash in hand 20 -1,946 1,016 1,005 75 638
Total current assets 148,489 9,182 7,172 164,843 153,811
Amounts falling due within
one year:
Accruals 21 2,657 - 648 3,305 -
Creditors and
advance receipts		 22 1,403 - - 1,403 300
Subtotal 4,060 - 648 4,708 300
-
Net current assets 144,429 9,182 6,524 160,135 153,511
Total assets less
current liabilities		 144,429 9,182 4,227,204 4,380,815 3,964,528
Provision for liabilities 23 - - - - -
Total net assets 144,429 9,182 4,227,204 4,380,815 3,964,528
Funds of the church
Restricted funds 24 - - 4,227,204 4,227,204 3,817,996
Unrestricted general
funds		 24 144,429 - - 144,429 141,695
Unrestricted
designated funds		 24 - 9,182 - 9,182 4,837
Total church funds 144,429 9,182 4,227,204 4,380,815 3,964,528

7

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024

1. Legal information

Cranbrook Baptist Church (Âthe ChurchÊ) is a Registered Charity operating as a Charitable Incorporated Organisation (CIO). It was registered on 26 March 2021 with Registered Charity No. 1193925.

Church Address : Cranbrook Baptist Church, Wellesley Road, Ilford, Essex IG1 4JT

Trustees during 2024:

Reverend Gilson Gwendu (Minister) Mark Durdle Norhann Crowley Charmaine Russell (From May 2022) Sandeep Nelli

2. Accounting policies

The accounts have been prepared on an accruals and going concern basis under the historical cost convention. The same accounting policies have been used by the Church (as a CIO). The accounting policies below have been applied consistently in dealing with the items which are considered material in relation to the Church's financial statements.

a) Basis of preparation

The accounts (financial statements) have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) second edition – October 2019 [subsequently referred to as SORP FRS 102] and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015.

The accounts (financial statements) have been prepared to give a Âtrue and fairÊ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a Âtrue and fair viewÊ. This departure has involved following the SORP FRS 102 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

b) Assessment of going concern

The trustees have no material uncertainties about the ChurchÊs ability to continue as a going concern for at least the next twelve months.

c) Funds structure

The Church holds unrestricted and restricted funds.

8

Unrestricted funds are spent or applied at the discretion of the trustees. The trustees have set apart some of the unrestricted funds as a Designated Building Reserve in anticipation of major building work and refurbishment needed on the church premises.

Restricted funds can only be used for the purpose for which they were given or collected. The Church is the beneficial owner of some property and property-related assets, the legal title of which is held by the ChurchÊs custodian trustee, the London Baptist Property Board Ltd. These assets cannot be disposed of without the permission of the London Baptist Property Board and then only in accordance with their directions. They are therefore treated as three restricted funds:

In 2024 a number of additional restricted funds operated as follows:

d) Income recognition

As permitted by paragraph 4.22 of SORP FRS 102, income has been analysed by a natural classification. All income is recognised once the Church has entitlement to the income, it is probable that the income will be received, and the amount of income receivable can be measured reliably. In consequence: gifts and donations have been recognised when actually received during the accounting period: Gift Aid and Gift Aid Small Donation Scheme tax to be recovered, quarterly on calculation of amounts to be claimed; interest when shown on a bank statement; lettings income after the hiring session takes place; income from goods donated for bazaars when items are sold.

e) Expenditure recognition

As permitted by paragraph 4.22 of SORP FRS 102, expenditure has been analysed by a natural classification. Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Church to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

f) Tangible fixed assets

The Church premises are included in the balance sheet at insurance value because reliable cost information is not available and valuation would incur significant costs which would be onerous compared with the additional benefit gained by the user of the accounts. They are revalued annually in accordance with changes to the insured value.

The Church holds insurance for contents at the Church premises but the items covered are not individually identified and it is considered that if individual items were sold off separately they would not realise a material sum.

9

The manse and the ChurchÊs share of the flat at 75b Auckland Road are included in the balance sheet at a deemed historical cost, that being their fair value as estimated by the trustees at 1 January 2015, the transition date to SORP FRS 102.

The freehold of 75 Auckland Road, Ilford (2 flats) is included in the balance sheet at historical cost, that being its purchase price.

The trustees consider that the land and buildings have an indefinitely long useful life and should not be depreciated.

Expenditure on repairs to the buildings is charged as resources expended in the year incurred as is expenditure on fixtures, furniture and equipment except where furniture or equipment is purchased at a cost of over £500. Furniture and equipment over £500 is depreciated on a straight-line basis over three years.

g) Debtors

Debtors are measured at their recoverable amounts i.e. the amount the Church anticipates it will receive from a debt owed to the charity but not received during the accounting period.

h) Prepayments

Prepayments are measured as the amount which the Church has paid in advance for goods or services not used during the accounting period.

i) Creditors and provisions for liabilities

Liabilities are recognised for the amount that the Church anticipates it will pay to settle a debt or the amount it has received as an advance payment for services. The term accruals is used for services which the Church has used but not been invoiced for during the accounting period, the term creditors for invoiced amounts owed by the charity but not paid during the accounting period, and the term advance receipts for amounts received during the accounting period for use in a future period.

Provisions for liabilities arising from legal or constructive obligations are recognised only where there is a present obligation at the reporting date as a result of a past event, it is probable that a transfer of cash will be required in settlement and the amount of the settlement can be estimated reliably but the timing of its settlement is uncertain.

j) Cash at bank

Cash at bank is measured as the amount shown on the bank statement at the end of the accounting period less any cheques issued by the church but not cashed by that date. The CAFbank account, HSBC account and Charity Bank account are immediate access accounts.

3. Related party transactions and trustee’s expenses and remuneration

a) One trustee, the Minister (appointed 1/2/21), is also an employee and lives in housing of which the church is the beneficial owner (legal title is held by the London Baptist Property Board). The Church paid pension contributions for him to the Baptist Pension

10

Scheme defined contribution scheme. The amounts of these payments are shown in note 11 and further information about the manse is included in notes 12 and 15.

The other trustees all give freely their time and expertise without any form of remuneration or other benefit in cash or kind (2023: £nil) and no expenses were paid to the trustees during the period covered by these accounts (2023: £nil).

c) Apart from the above there were no other related party transactions.

4. Reserves Policy

Unrestricted general funds are needed:

The trustees consider it prudent that unrestricted general reserves should be sufficient to cover at least six months budgeted housekeeping, ministry, administration and normal fabric costs plus currently an amount of around £9,000 towards anticipated major repairs in 2025.

At 31 December 2024 unrestricted general reserves are at about this level. The extent of reserves is monitored and reviewed by the trustees at least once a year.

5. Other information

11

6. Giving

Unrestricte
d		 Unrestricte
d		 Restricted Total Total
general designated funds funds funds
funds funds
2024 2024 2024 2024 2023
£ £ £ £ £
Loose offerings 10,526 - 10,526 19,695

Gift Aid		 31,650 31,650 29,842
Tax recoverable on Gift
Aid		 8,185 436 8,621 9,954
Tax recoverable under
GASDS		 1,532 1,532 956
Thank Offering (exc. Gift
Aid)		 1,223 1,223 993
BMS Birthday Scheme
gifts (exc.
Gift Aid)		 60 60 120

Special Collections (not
Gift aid)		 - - 560

Harvest offering (exc.
Gift Aid)		 - 458 458 1,450
51,893 - 2,177 54,070 63,570
a) Gift Aid and tax recovered on restricted funds is split as follows:

Gift Aid £		 Tax
recovered £
Thank Offering 1,223 306
BMS Birthday Scheme 60 15
Harvest Offering 458 115
1,741 436

12

7. Interest

7. Interest
Unrestricted
Unrestricte
d		 Restricted Total Total
general
designated		 funds funds Funds
funds
funds
2024
2024
2024
2024		 2023
£
£		 £ £ £
Interest on Main
Church Fund		 95 95 73
Interest on Designated
Building Reserve		 2,242 2,242 899
95 2,242 - 2,337 972

8. Lettings income

Unrestricte
d		 Unrestricte
d		 Restricted Total Total
general designated funds funds Funds
funds funds
2024 2024 2024 2024 2023
£ £ £ £ £
Rent of Church Flat 13,200 13,200 12,605
75b Auckland Road-Rental 8,800 8,800 -
Ground Rent - Auckland
Road		 - 50
Hall/room Lettings 17,550 17,550 8,058
75A Auckland Road - Service
charges related		 4,060 4,060 -
43,610 - - 43,610 20,713

13

9. Other income

9. Other income
Unrestricte
d		 Unrestricted Restricted Total Total
general designated funds funds funds
funds funds
2024 2024 2024 2024 2023
£ £ £ £ £
Donations 150 150 2,067
Rainbow Toddlers -250 455 205 477
Insurance claim 2,900 2,900
Bazaars 1,121 1,121 3,054
Bazaar other 1,072 1,072 30
Miscellaneous - 41,800
2,800 2,193 455 5,448 47,428

14

10. Housekeeping expenditure

Unrestricted Unrestricted Restricted Total Total
general designated funds funds funds
funds funds
2024 2024 2024 2024 2023
£ £ £ £ £
Cleaning 16 16 18
Telephone and Internet
access		 758 758 744
Office supplies/photocopying 187 187 105

Household provisions		 636 636 34

Subscriptions		 517 517 574
Heat & light 10,184 10,184 16,274

Council tax & water rates		 4,058 4,058 1,670
Minor equipt.
purchase/replacement		 720 720 397
Insurance 4,828 4,828 4,383
Waste collections 302 302 398
Catering 737 737 713
Pest control 312 312 192
Miscellaneous 10 10 356
23,266 - - 23,266 25,858

Council tax is for 75b Auckland Road. Water rates are water and sewerage for church and water for manse.

15

11. Ministry and mission expenditure

Unrestricted Unrestricted Unrestricted Unrestricted Restricted Total Total
general designated funds funds funds
funds funds
2024 2024 2024 2024 2023
£ £ £ £ £
Stipend–G.Gwendu (Minister) 27,831 27,831 26,406

Employer's pension
contrib.-G.Gwendu		 3,259 3,259 3,251
Staff expenses–G.Gwendu 278 278 733

MinisterÊs manse related
expenses		 11,583 11,583 4,313
Virtual service software 22 22 -
Visiting speakers 660 660 201

Family church & youth work		 - 1,578

Local evangelism projects		 278 278 1,075

Training		 881 881 417
BMS World Mission 2,479 2,479 2,430
BMS–Ben Francis 1,239 1,239 1,215
BMS–Dave & Michele Mahon 1,239 1,239 1,215
BMS Birthday Scheme payments 75 75 -

Home Mission Fund		 2,479 2,479 2,430
Christian Education Project 1,964 1,964 1,925

Other Mission causes		 120 120
Kids Club expenditure 20 20 6

Rainbow Toddlers Expenditure		 - 544

Thank Offering		 1,529 1,529 993

Harvest Offering		 573 573 1,450
Special collections - -
54,332 - 2,177 56,509 50,182

16

12. Fabric expenditure

12. Fabric expenditure
Unrestricted Unrestricted Restricte
d		 Total Total
general designated funds funds funds
funds funds
2024 2024 2024 2024 2023
£ £ £ £ £
Church maintenance 1,270 1,270 4,865
Church housing expenses 996 996 1,556
Heating maintenance - 837
75 Auckland road - Communal
cost		 5,560 5,560 0
75b Auckland road -Fabric &
repair (non communal)		 6,522 6,522 0
14,349 - - 14,349 7,258

75 Auckland Road – Communal cost include expenditure of £2,988 for drainage works at 75 Auckland Road. This was largely funded by insurance claim income of £2,900 (see note 9).

13. Management and administration

Unrestricte
d		 Unrestricte
d		 Restricted Total Total
general designated funds funds funds
funds funds
2024 2024 2024 2024 2023
£ £ £ £
Bank charges 163 163 175
Landlord's gas certificates - 192
Fire precautions 1,127 1,127 366
Royalties 589 589 558
TV licence - 0
Agency fees for church flat letting 1,978 1,978 1322
LandlordÊs licence for church flat 860 860 0
Professional fees re: conversion
to CIO		 - 0
Professional fees re: Building
works		 - 903
4,717 - - 4,717 3,516

Landlord license cost for 2024 covers 2 properties, 75b Auckland Road (not a recoverable communal cost) and the church flat.

17

14. Church premises

The Church is the beneficial owner of the Church premises in Wellesley Road, Ilford, the legal title of which is held by the Church's custodian trustee, the London Baptist Property Board Ltd. In the absence of reliable cost information, the premises are included in the balance sheet at insurance value. The insured value was reviewed in 2015 following a visit from a Baptist Insurance Surveyor, subject to routine increases recommended by Baptist Insurance annually, reviewed again by a Baptist Insurance Surveyor in 2019 and subject to further routine increases recommended by Baptist Insurance since then.

Church
premises in
Wellesley
Road £
Insured value at 31/12/22 2,971,344
Revaluation movement 24/06/23 249,592
Insured value at 31/12/23 3,220,936
Revaluation movement 24/06/24 112,768
Insured value at 31/12/24 3,333,704

15. Other property and property-related assets

The Church is the beneficial owner of the following assets, the legal title of which is held by the Church's custodian trustee, the London Baptist Property Board Ltd.

Cost
included
in balance
sheet £		 Nature of cost data
Church manse at 225 Balfour
Road, Ilford		 410,000 TrusteesÊ estimate of Âdeemed historical
costÊ at 1/1/15
Revaluation movement
23/06/23		 19,581
Insured value at 31/12/23 429,581
Revaluation movement
23/06/24		 107,395
Insured value at 31/12/24 536,976
75B Auckland Road, Ilford 150,000 historically CBC lease retained 69%
leasehold however following death of
lessee, this is now 100%
Freehold of 75 Auckland
Road, Ilford (2 flats)		 10,500 Actual purchase price in 2011
Insured value at 31/12/23 160,500
Revaluation movement
08/03/24		 189,500

18

Insured value at 31/12/24 350,000 Buildings insurance cover for 75 Auckland
as a whole.
Value of all other assets 886,976
Total Value increase 409,663 (All property)

16. Furniture & equipment

Cost
£
At 1 January 2024
27,921
+Additions
0
At 31 December 2024
27,921
Accumulated depreciation
At 1 January 2024
27,921
+Charge for year
At 31 December 2024
27,921
Net book value at 31 December 2024
0
at 1 January 2024
0
17. Prepayments		 Cost
£
At 1 January 2024
27,921
+Additions
0
At 31 December 2024
27,921
Accumulated depreciation
At 1 January 2024
27,921
+Charge for year
At 31 December 2024
27,921
Net book value at 31 December 2024
0
at 1 January 2024
0
17. Prepayments		 Cost
£
At 1 January 2024
27,921
+Additions
0
At 31 December 2024
27,921
Accumulated depreciation
At 1 January 2024
27,921
+Charge for year
At 31 December 2024
27,921
Net book value at 31 December 2024
0
at 1 January 2024
0
17. Prepayments		 Cost
£
At 1 January 2024
27,921
+Additions
0
At 31 December 2024
27,921
Accumulated depreciation
At 1 January 2024
27,921
+Charge for year
At 31 December 2024
27,921
Net book value at 31 December 2024
0
at 1 January 2024
0
17. Prepayments		 Cost
£
At 1 January 2024
27,921
+Additions
0
At 31 December 2024
27,921
Accumulated depreciation
At 1 January 2024
27,921
+Charge for year
At 31 December 2024
27,921
Net book value at 31 December 2024
0
at 1 January 2024
0
17. Prepayments		 Cost
£
At 1 January 2024
27,921
+Additions
0
At 31 December 2024
27,921
Accumulated depreciation
At 1 January 2024
27,921
+Charge for year
At 31 December 2024
27,921
Net book value at 31 December 2024
0
at 1 January 2024
0
17. Prepayments
Unrestricted Unrestricted Restricted Total Total
general designated funds funds funds
funds funds Restated
2024 2024 2024 2024 2023
£ £ £ £ £
Insurance
Royalties and licences
Manse council tax
Waste collections
Website hosting
Virtual service software
Church council tax
0 0 0 0

19

18. Debtors

18. Debtors
Unrestricte
d		 Unrestricted Restricted Total Total
general designated funds funds funds
funds funds
2024 2024 2024 2024 2023
£ £ £ £ £
Tax to be recovered from
loose offerings		 1931
Tax to be recovered on Gift
Aid		 5,071 5,071 5,544
Refund on church flat
council tax		 0
Refund re: electric meter
works		 0 0
5,071 0 0 5,071 7,475

19. Cash at bank – short term deposits

Unrestricte
d		 Unrestricted Restricted Total Total
general designated funds funds funds
funds funds
2024 2024 2024 2024 2023
£ £ £ £ £
CAF Bank account 68,206 -28,053 1,128 41,281 39,467
HSBC Account 40,449 1,945 4,973 47,367 37,424
Charity Bank 36,709 34,275 66 71,050 68,807
145,364 8,166 6,167 159,697 145,698

20. Cash in hand

20. Cash in hand
Unrestricte
d		 Unrestricte
d		 Restricted Total Total
general designated funds funds funds
funds funds
2024 2024 2024 2024 2023
£ £ £ £ £
Cash in hand -1.986 1,016 1,005 35 598
Petty Cash (including cheques in hand) 40 40 40
-1,946 1,016 1,005 75 638

20

21. Accruals

21. Accruals
Unrestricted Unrestricte
d		 Restricted Total Total
general designated funds funds funds
funds funds
2024 2024 2024 2024 2023
£ £ £ £ £
Christian education project 491 491

BMS World Mission		 620 620
BMS–Ben Francis 310 310
BMS–Dave & Michele Mahon 310 310
LBA Home Mission 620 620
BMS Birthday scheme 75 75

Thank offering		 306 306

Harvest offering		 573 573
LBA Home Mission (Q4) -
2,657 - 648 3,305 -

22. Creditors and advance receipts

22. Creditors and advance receipts
Unrestricted Unrestricted Restricte
d		 Total Total
general designated funds funds funds
funds funds
2024 2024 2024 2024 2023
£ £ £ £ £
Heat & light 1,103 1,103 -
Deposits on car park remote
controls		 300 300 300
Advance receipt of church flat rent
1,403 - - 1,403 300

23. Provision for liabilities

No provision for liabilities was necessary at 31 December 2024 (31 December 2023, nil).

21

24. Movement in Funds

Fund
Balances		 Fund
brought
forward		 Movement in resources Balances
Restated Transfer
s		 Gains carried
forward
1 Jan 24 Incomin
g		 Outgoin
g		 In (out) (losses) 2024
£ £ £ £ £ £
Unrestricted general funds
Main Church Fund 141,695 98,398 96,664 1,000 144,429
Unrestricted designated funds
Designated Building Reserve 4,747 4,435 9,182
Restricted funds
Church premises 3,220,936 112,76
8		 3,333,70
4
Church manse 429,581 107,39
5		 536,976
75b Auckland Rd+75 freehold 160,500 189,50
0		 350,000
Thank Offering 2023 1,355 (1,000) 355

Thank offering 2024		 1,529 1,529 -
Harvest Offering 2023 235 235
Harvest Offering 2024 573 573 -

Restricted Building Fund		 155 - 155
BMS Birthday Scheme 120 75 75 105

Special collections		 560 - 560
Special Pastoral Fund 698 698
Rainbow Toddlers 2,927 455 3,382
Other youth activities 1,019 1,019
3,964,528 105,465 98,841 - 409,66
3		 4,380,81
5

22

25. Comparative figures for 2023

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

Unrestricted Unrestricted Restricted Total Total Funds
general designated funds Funds Restated
funds funds 2023 2022
Note £ £ £ £ £
Income from:
Giving 6 58,813 - 4,757 63,570 57,385
Interest 7 73 899 972 1,265
Lettings 8 20,713 - , 20,713 18,190
Other income 9 43,897 3,054 477 47,428 11,364
Total Income 123,496 3,953 5,234 132,683 88,204
Expenditure on:
Housekeeping 10 25,858 0 0 25,858 21,390
Ministry and mission 11 47,195 0 2,987 50,182 44,439

Fabric costs		 12 7,258 0 0 7,258 189,393
Management and
administration		 13 3,516 0 0 3,516 21,284
Total Expenditure 83,827 0 2,987 86,814 276,506
Gains/losses on investment assets 14 269,173 269,173 289,613
Net income/(expenditure) before

transfers		 39,669 3,953 271,420 315,042 101,311
Transfers Between funds 24
Other Gains on revaluation of fixed
assets
Net movement in funds 39,669 3,953 271,420 315,042 101,311
Reconciliation of funds
Total funds brought forward at
1 January 2023 102,026 884 3,546,576 3,649,486 3,548,175
Total funds carried forward at

23

31 December 2023 141,695 4,837 3,817,996 3,964,528 3,649,486

BALANCE SHEET AT 31 DECEMBER 2023 BALANCE SHEET AT 31 DECEMBER 2023 BALANCE SHEET AT 31 DECEMBER 2023 BALANCE SHEET AT 31 DECEMBER 2023
Unrestricte
d		 Unrestricte
d		 Restricted Total Total Funds
General designated funds funds Restated
Funds funds 2023 2023 2022
Note £ £ £ £ £
Fixed Assets
Church premises 14 3,220,936 3,220,936 2,971,344
Other property &
property-related
assets		 15 590,081 590,081 570,500
Furniture &
equipment		 16 0 0
Total fixed assets 0 0 3,811,017 3,811,017 3,541,844
Current Assets
Prepayments 17 0 495
Debtors 18 7,475 0 0 7,475 2,819
Cash at bank - short
term deposits		 19 134,453 4,851 6,394 145,698 108,276
Cash in hand 20 67 -14 585 638 75
Total current assets 141,995 4,837 6,980 153,811 111,665
Amounts falling due within
one year:

Accruals		 21 0 0 0 0 1,095
Creditors and
advance receipts		 22 300 0 0 300 2,928

Subtotal		 300 0 0 300 4,023
Net current assets 141,695 4,837 6,980 153,511 107,642
Total assets less
current liabilities		 141,695 4,837 3,817,996 3,964,528 3,649,486
Provision for liabilities 23 0 0
Total net assets 141,695 4,837 3,817,996 3,964,528 3,649,486
Funds of the church
Restricted funds 24 3,817,996 3,817,996 3,546,576
Unrestricted general
funds		 24 141,695 141,695 102,026
Unrestricted
designated funds		 24 4,837 4,837 884

Total church funds		 141,695 4,837 3,817,996 3,964,528 3,649,486
The notes on pages 8 to 21
form part of these accounts.

24

Agreed at the church meeting on 26th October 2025

Signed

25