WALSGRAVE BAPTIST CHURCH
REPORT AND FINANCIAL ACCOUNTS
For the year ended 31 March 2024
CHARITY NO. 1194132
Page I

WALSGRAVE BAPTIST CHURCH
CONTENTS
Page
Legal & Administrative Information
Report of the Trustees
Report of the Independent Examiner
Statement of Financial Activities
Balance Sheet
Note5 forming part of Financial Statements
9-15
Page 2

WALSGRAVE BAPTIST CHURCH
ADMINISTRATIVE INFORMATION
Trustees
th
Mr Bernard Agbaragu- elected 17 March 2023
Mr Kevin Bodsworth- re5i8ned 18th May 2023
Mr Lewis Councell- elected 17th March 2023
th
Mr Jonathan Gardner- resigned 16 May 2024
Mrs Rebecta Hyde
th
Mr Christopher Jones - elected 14 July 2024
Mrs Jennifer Jones
th
Mrs Zainab Manskanu- elected 14 July 2024
Mr David McKelvie
Mrs Marie Nguekarn- elected 14 July 2024
Mrs Daisy Oppon
Charity Registration No-
1194132
Principal Office:
Walsgrave Bapt15t Church
Hinckley Road
Coventry CV2 2EX
Independent Examiner:
Mr Gavin S Kibble ACMA
l Kineton Road
Coventry
CV2 3NR
Bankers:
The Co-operative Bank
Coventry Building Society
Minister/ Trustees:
Pastors David and Amy Barker
Page 3

WALSGRAVE BAPTIST CHURCH
REPORT OF THE TRUSTEES
The trustees present their report together with the financial statements of the charity for the year
ended 31 March 2024. The financial statements have been prepared in accordance with the
accounting policies set out on pages 9 and comply with the trust deed and applicable law.
Constitution and Objectives
Wa15grave Bapt15t Church was constituted under a trust deed dated 1840 for a Baptist Chapel and
conveyances dated 10 August 1840, 10 November 1919 and 16 July 1974. The current charity, a
Charitable Incorporated Organisation ICIOI, was formed on 21 March 2021. On 31 March 2022
there was a f ull transfer of assets and undertakings to the CIO from the previous charity. which was
subsequently de-registered. The purpose of the CIO is the advancement of the Christian faith
according to the principles of the Baptist denoffl ination, and to advance education and carry out
other charitable purpose5 in the United Kingdom and other parts of the world.
Organisation
The trustees who have Served in the year are shown on page l. Trustees are elected by nomination
annually and, except for the Secretary and Treasurer who are elected annually. serve for a term of
three years after which they may be nominated for re-appointment. One third of the elected
trustees retire annually by rotation. All members have a right to vote. The ministers of the church
are a ppointed as trustees automatically. The trustees have overall responsibility for the running of
the organisation.
Grant Maklng Pollcles
As well as encouraging members and others commltted to the work of the church to fund the
church's work generously, It also aims to give out part of its income to other charities and like-
minded organisations. Members are encouraged to organise fundraising events for such
organisations and special offerings are taken up occasionally during Sunday worship.
Review of the year
This year has been busy as we have welcomed in new people and 12 families who regularly attend
on a Sunday. which has meant the number of children and young people attending Junior Church
has also grown.
We have continued to be open each morning, providing a place for people to come offering a hot
drink and other artivities, such as Knit and Natter and board games. Food Bank has continued to
run each week, providing a much-needed service to the community- As part of being open each
day, we can offer signposting to other organisations that can help and to provide friendship and
support.
Page 4

WALSGRAVE BAPTIST CHURCH
REPORT OF THE TRUSTEES (cont.)
We are currently refitting the kitchen to a catering standard, using grant money received from
Benefact Trust and Heart of England Baptist Association, so we will be able to offer more catering in
the form of a pay-what-you-can café and hot meals for community events. Having a catering
standard kitchen allows us to provide training opportunities in catering and hospitality. to
volunteers with a view to them going on to employment. This year we have had two young men
who have been volunteering with us after dropping in for a drink and a chat one morning.
Our group5 have continued with Open House, Crafty Cuppa and Tiny Tots welcoming in new people
from the community. Three of our Connect Groups continue to run along with a prayer group that
meet regularly to pray for the Church and community.
As we aim to be at the heart of the community, we rent out our rooms to a Pilates class, baby spa,
tutoring service and musical theatre group. By charging commercial groups for room hire, we are
then able to provide a space for community groups, such as WalsErave Community Forum. Good
Neighbours and Christians Against Poverty, to hold regular meetings free of charge.
Our Family and Community Worker was on maternity leave from January 2023 until August 2023
and during that time some of her work was covered by other members of the staff team. This
meant we were able to continue our Messy Church events during School holidays, which were well
attended by both regulars and new families.
Circle of Care groups (that were set up to keep in touch with members and regular worshippers to
provide pastoral support by phone, text and email) has continued with new people being included
as they start to regularly attend our fellowship.
We have continued to Partner with Hope into Action in supporting the family in their home, with
friendship and practical support.
Reserve Policy
The Trustees have established a reserves policy where unrestricted reserves should ideally be
maintained at not less than £IO.O(X). The unrestricted reserves at the end of the year were £57,708
(2023 £41.1381
Signed on behalf of the Trustees
Pagc 5

WALSGRAVE BAPTIST CHURCH
Independent examiner's report to the Trustees of Walsgrave Baptist Church
I report on the accounts for the year ended 31 March 2024 which are set out on pages 7 to 14.
Respectlve responsibilities of the trnstees and the exarniner
The char1t￿$ trustees are responsible for the preparation of the accounts. The charity's trustees consider
that an audit Is not required for this year under section 144121 of the Charities Act 2011 Ithe 2011 Act) and
that an independent examination is needed.
It is my responsibility to
examine the accounts under section 145 of the 2011 Act-
follow the procedures laid down in the General Direction5 given by the Charity Commi55ioner
section 145151 Ibl of the 2011 Act,. and
state whether particular matters have come to my attention.
Basis of Independent Examiner's Statement
My examination was carried out in accordance with the General Directions given by the Charity Commission.
An examination include5 a review of the accounting records kept by the charity and a comparison of the
accounts presented with those records. It also includes considering any unusual ttems or disclosures in the
accounts. and seeking explanations from the trustees concerninE any such matters. The procedures
undertaken do not provide all the evidence that would be required in a full audit and consequently no
opinion is given as to whether the accounts represent a "true and fair 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 matters have come to my attention:
iii
which give me reasonable cause to believe that in any material respect the requirements
to keep accounting record5 in accordance with section 130 of the 2011 Act,. or
to prepare account5 which accord with the accounting record5 and comply with the accounting
requirements of the 2011 Art
have not been met; or
121 to which, in my opinion. attention should be drawn in order to enable a proper understanding of the
accounts to be reached.
Gavin Kibble, M02aic Innovate Ltd
l Kineton Road, Coventry, CV2 3NR
10th November. 2024
Page 6

WALSGRAVE BAPTIST CHURCH
Statement of Financial Activities
For the Year Ended 31" March 2024
2024
Unrestricted Restricted
2023
Unrestrlcted Re5trirted
Total
Total
Note
Funds
Funds
Funds
Funds
Funds
Funds
Income .
Donations, grants and
legacies
78,807
13,400
92,207
66,912
4,934
71,846
Charitable activities
22,682
22,682
22,027
22,027
Investment income
632
632
203
203
Total Income
102,120
13,400 115,520
89.141
4,934
94.075
Expenditure .
Charitable giving
2,004
2.004
2,004
Expenditure on charitable
artivities
Management and
administration
68,165
68,165
73,329
1,864
75,193
15,381
15,381
13,202
13,202
Total Expenditure
85.550
85.550
88,535
1,864
90,399
Net incomellexpenditurel before
transfer5
16.570
13,400
29,970
606
3,070
3,676
Transfer between fijnds
3,070
{3,0701
Net income/lexpenditure}
16,570
13.400
29,970
3,676
3,676
Reconciliation of funds
Total funds brought forward
14
41,138
41,138
37,462
37,462
Total funds carried forward
14
57,708
13.400
71,108
41,138
41,138
The statement of financial activitie5 includes all gains and losses recognised in the year. All income derives
from continuing activities.
Page 7

WALSGRAVE BAPTIST CHURCH
Balance Sheet as at 31" March 2024
Note
2024
2023
FIXED ASSETS
Tangible Fixed Assets
io
15,062
2,303
CURRENT ASSETS
Debtors
Cash at bank
Cash in hand
li
15,083
41,405
58
10,402
28,799
135
TOTAL CURRENT ASSETS
56,546
39,335
CREDITORS
Amounts falling due within one year
12
500
500
NET CURRENT ASs￿s
56JJ46
38.835
NET ASSETS
71.108
41,138
FUNDS
Unrestricted funds
Restritted funds
14
57,708
13.400
41,138
14
TOTAL FUNDS
71,108
41,138
The accounts on pages 7 to 14 were approved on behalf of the Trustees by..
David Barker, Minister
Dète
tOUI
Page 8

WALSGRAVE BAPTIST CHURCH
Notes to the Accounts
for the Year Ended 31st March 2024
Accounting Policies
lal Basis of Accounting..
The 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 the Financial Reporting Standard applicable in the UK and the
Republlc of Ireland IFRS 102, effectlve January 20151. Assets and Ilabilities are initially
recogni5ed at historical cost or transaction value unles5 Othenwise stated in the relevant
accountin8 policy notelsl.
Ibl Incoming rèsources .. Donations, grants, investment income and all other incoming resources
are accounted for on a receivable basis where this is quantifiable. The value of services
provided by volunteers has not been included.
Icl Re50urce5 expended.. Expenditure 15 recognised on an account basis and analysed by natural
category.
Idl Assets and Depreciation: Tangible fixed assets for use by the charity are capitalised if they
can be used for more than one yèar and cost at least £350.
Depreciation is provided at the following rates based on the estimated useful life of these
fixed assets and their anticipated residual value..
Furniture, Fixtures, Fittings and Equipment
20% straight line
lel Fund accounts=
Unrestricted funds are donatlons and other intome received or generated for the
objects of the charity without further specified purpose and are available as funds
which the charity may use for its purposes at its discretion.
Designated funds are donations and other ir)come received or generated for the
objects of the charity where the Trustees have determined a need for funds to be
identified for specific purposes.
Restricted fund5 are to be used for specified purposes as laid down by the donor.
Expenditure which meets these criteria is identified to the fund.
Page 9

WALSGRAVE BAPTIST CHURCH
Notes to the Accounts {continued)
for the Year Ended 31" March 2024
Legal Status of Organisation
The charity was formed and registered as a Charitable Incorporated Organisations on 21 March
2021. The assets of the previously unincorporated charity known as Walsgrave Baptist Church
(charity number 113487611 were transferred (by way of gtftl on the 31" March 2022.
The non-monetary assets listed in note 8 were also transferred to the charitable incorporated
organisation.
Donations and Legacies
Unrestritted Restritted
Total Funds
2024
Funds
Funds
2023
Voluntary giving {general fund)
Voluntary giving {BMS funds)
Vision Day giving
Donations
58,670
144
58,670
144
53,871
251
6,741
1,746
6,741
1,746
13,400
11,507
92,207
2,764
4,934
10,026
71,846
Grants
13,400
Gift Aid recovered
11,507
78.807
13,400
Income from Charitable Activities
Unrestricted Restrirted
Total Funds
2024
2023
Funds
Funds
Hire of church rooms
Church Clubs
Church Weekend
16,343
307
16.343
307
9,976
279
4,280
580
4,280
580
6,486
788
Hope into Artion
Youth Work and Soul Survivor
Fellowship Fund
Foodbank Fund
57
57
557
425
425
430
300
300
325
Building Fund
Cafél Kitchen Income
Open House
600
140
140
2,081
503
250
250
22,682
22,682
22,027
Page 10

WALSGRAVE BAPTIST CHURCH
Notes to the Accounts (continued)
For the Year Ended 31" March 2024
Inveslments
2024
2023
Bank interest
632
203
Expenditure on Charitable Artivities
Unrestricted
Funds
Restrirted
Funds
Total Funds
2024
2023
Salaries
Ministerfs expenses
Preaching fees
Appeals and Offerings
Ministerfs accommodation and repair5
BMS Fund
HMF
Church utilities and insurance
Church maintenance costs
Small value equipment
Cleaning costs
Catering costs
Publicity
Training and conferences
Worship resources
Evangelism/ Outreach
aubs expenditure
Hope into Action
Healthy Artivities and Food
Open Door
Young People
Christmas Expenditure
Telephone and broadband
Foodbank/ Fellowship fund
Church Weekend
34.385
941
350
1,172
3,442
2,218
1,032
9,355
1,345
354
980
1,827
34,385
941
350
1,172
3,442
2,218
1,032
9,355
1,345
354
980
1,827
35,843
839
150
1,645
3,578
2.218
1.032
6,180
2,208
371
483
231
811
293
514
287
1.463
970
1,529
92
1,529
92
600
600
254
1,090
254
1,090
894
1.695
440
613
955
955
44
605
559
605
559
435
435
7,694
2,864
409
Depreciation
Other
4,387
215
4,387
215
68,165
68,165
75,193
Pagell

WALSGRAVE BAPTIST CHURCH
Notes to the Accounts {continued)
For the Year Ended 31st March 2024
Non-monetary Assets held for the Church's own use
The church is the beneficial owner (subject to relevant trusts) of the following assets, the legal title
of which are held by the church's custodian trustees (The Heart of England Baptist Association):
2024
2023
Church premises lin5ured value)
2,178,892 2,125,726
Manse linsured value)
323,033
314.450
Expenditure on Management and
Admlnistratlon
Unrestricted Restrirted
Funds
Funds
Total Funds
2024
2023
Licenses and Subscriptions
Church Administrator
Staff/ Intern Expenses
Independent Examination
Professlonal Fees
2,006
10,548
672
500
2,006
10,548
672
500
1,775
9,430
500
132
Stationery, printing and postage
1,655
1.655
1,365
15,381
15,381
13,202
Analysis of staff costs, Staff numbers and trustee remuneration and
expense5
Expenditure includes staff cost5 as follows
Salarie5
SMP/SPP Recovered
Pension
2024
2023
50.548
{9,6531
4,038
44,933
47,051
16,8741
5.096
45,273
Total Staff Costs
The average monthly headcount was 4 st3ff12023 '. 4 stam and the average monthly full-time equivalent
employees (including part-time staff) were 312023 31. Rebecca Hyde was employed by the charity as
Church Administrator. David and Amy Barker were employed by the charity as Church Mlnlsters.
No trustees were reimbursed expenses for their services as trustees during the year12023 .' nill.
No charity trustee received payment for professional or other setvice5 supplied to the charity12023.' nill.
Pag¢ 12

WALSGRAVE BAPTIST CHURCH
Notes to the Accounts (continued)
For the Year Ended 31st March 2024
10: Tan8ible Fixed Assets
Fixtures,
Furniture
and
Equipment
Total
Cost
As at 1st April 2023
Additions
Disposals
As at31st March 2024
55,373
17,146
55,373
17.146
72,519
72,519
Depreciation
As at 1st April 2023
Charge for the year
Disposals
As at 31st March 2024
53,070
4,387
53,070
4,387
57,457
57,457
Net Book Value
As at 1st April 2023
As at 31st March 2024
2,003
15,062
2,003
15,062
11: Debtor5 . amounts falling due within one year:
2024
2023
Recoverable SMP
Trade Debtor5
Gift Aid Recoverable
Prepayments
10.500
1,340
983
2,260
15,083
6,432
518
983
2,469
10,402
Iz: Credltors . amounts falling due ￿thIn one year
2024
2023
Accruals
500
500
13: Related Party Transaction
There were no related party transaction5 {2023 . nill.
Pag¢ 13