## **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: - examine the accounts under section 145 of the Charities Act, - to follow the procedures laid down in the general Directions given by the Charity Commissioners (under section 145(5)(b) of the Charities Act), and - to state whether particular matters have come to my attention. ## **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 - to keep accounting records in accordance with section 130 of the Charities Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act - have not been met; or 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: - Church premises - Church manse - 75B Auckland Road + 75 Auckland Road freehold In 2024 a number of additional restricted funds operated as follows: - Thank Offering 2024 collected to support BMS missionaries Dave & Michele Mahon in their outreach programme. - Harvest Offering 2024 collected to support Teen Challenge UK - The proceeds of the bazaar to Cranbrook Designated building fund - BMS Birthday Scheme: comprising money collected for this scheme and remitted to BMS World Mission at intervals. - Special Pastoral Fund: comprising funds given to allow needs of acute hardship, beyond the remit of the fellowship purse, to be addressed by means of gifts or loans - **●** Rainbow Toddlers: comprising funds collected from those attending Rainbow Toddlers sessions to allow the purchase of refreshments and equipment ## **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: - i) to cover housekeeping, ministry, administration and normal fabric costs without which the church could not function. - ii) to contribute towards expenditure resulting from major repairs to church premises. - iii) to provide funds which can be designated to specific projects approved by the church members meeting to enable those projects to be undertaken at short notice. 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** - a) Much of the charitable work of the Church is carried out by unpaid volunteers. Volunteers also provide the practical and administrative support for the Church. - b) The average number of staff employed during the year was one (2023:one). No employee received employee benefits (excluding employer pension costs) of more than £60,000 during the year (2023:nil). - c) The Independent Examiner carried out her examination on a voluntary basis, receiving no fee or expenses. 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**| - a) The flat has been let since September 2021. - b) 75B Auckland Road let in 2024 following death of joint lessee. Cranbrook retain freehold of 75 Auckland and let 75B Auckland to a church member whilst 75A is under a leasehold agreement. No ground rent charge is applicable following the lease extension in 2023. 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**| - a) Church members held two bazaars. At the request of the organisers, the trustees agreed that the money raised be added to the Designated Building Reserve. - b) Insurance claim income of £2,900 was for the drainage work at 75 Auckland Road (see note 12). 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**| - a) MinisterÊs manse related expenses comprise Council Tax, water rates and broadband charges for the manse. - b) EmployerÊs National Insurance would normally have been due, but the church was able to claim this amount in 2024 as EmployerÊs National Insurance Allowance. - c) The 2024 Thank Offering was given to the Mahon Family. - d) The 2024 Harvest Offering was given to a local Teen Challenge. 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 - a) A transfer of £250 from Rainbow Toddlers to the Main Church Fund was made as a contribution towards heat and light. - b) A transfer of £1000 from Thank Offering to Main church to correct incorrect allocation for payment made in December 2023. ## **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