WALSGRAVE BAPTIST CHURCH REPORT AND FINANCIAL ACCOUNTS For the year ended 31 March 2025 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 Notes forming part of Financial Statements 9-15 Page 2
WALSGRAVE BAPTIST CHURCH Legal and Administrative Information Trustees . Mr Bernard Agbaragu Mr Lewis Councell Mr Jonathan Gardner-elected 22nd May 2025 Mrs Rebecca Hyde Mr Christopher Jones Mrs JenniferJones- resigned 22nd May 2025 Mrs Zainab Manskanu Mr David McKelvie- resigned 22fwJ May 2025 Mrs Marie Nguekam Mrs Kelechi Obai - elected 22nd May 2025 Mr Kiki Okeregbe- elected 22nd May 2025 Mrs Daisy Oppon Charity Registration No: 1194132 Principal Office- Walsgrave Baptist Church Hinckley Road Coventry CV2 2EX Independent Examiner: Mr Gavin S Kibble ACMA i Kineton Road Coventry CV2 3NR Bankers.. The co.operative Bank Coventry Building Society Ministerl Trustees: Pastors David and Amy Barker Page 3
WALSGRAVE BAPTIST CEIURCH Report of the Trustees The trustees present their report together with the financial statements of the charity for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out on pages 5 and 6 and cornplywith the trust deed and applicable law. Constitution and Objertive5 Walsgrave Baptist Church was constituted undera trust deed dated 1840 fora Baptist Chapel and conveyances dated io Augvst 1840, io November 1919 and 16 July 1974. The cvrrent charity. a Charitable Incorporated Organisation (CIO), was formed on 21 March 2021. On 31 March 2022 there was a full transfer of assets and undertakings tothe CIO from the previous charity, which was subsequently de-registered. The purpose ot the CIO is the advancement of the Christian faith according to the principles of the Baptistdenomination, and to advance education and carry out other charitable purposes in the United Kingdom and other parts of the world. Organisation The trustees who have served in the year are shown on page 3. Trustees are elerted by nomination annually and, exceptforthe Secretary and Treasurer who are elected annuallyi serve fora term of three years afterwhich 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 appointed as trustees automatically. The trustees have overall responsibility for the running of the organisation. Grant Making Policies As well as encouraging members and others committed to the work of the church to fund the church's work generouslyi 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 bvsy as we have welcomed in new people and families who regularly attend on a Sundayi which has meant the number of children and young people attending Junior Church has continued to grow. We have continued to be open each morningi providing a place for people to come offering a hot drink and other activities, such a5 Knit and Natter and board games. The Food Bank has continued to run each week, providing a much-needed 5erviceto the community. As part of bein9 open each dayi 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 (Continued) We are still working to refit the kitchen to a catering standard, using grant money received from BenefactTrust and Heart of England Baptist Association, so we will be able to offer more catering in the form of a pay-what-you-can cafe 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. One of the two young men (who began volunteering with us last yearl has continued to volunteer, the other is now volunteering at charity Shop. Our grovps have continued with Open House, Crafty Cuppa and TinyTotswelcoming in new people from the community. Three of our Connect Groups continue to run along with a prayer groupthat meet regularlyto prayforthe Church and community. We have also been able to hold social fundraising events including Afternoon Tea, Harvest Supper, Fish Supper and Quiz Night, and Mother'5 Day Meal, wherethe profitswere donated to various charities. We have also started a wellbeing group that incorporate5 meditation and qviet time. As we aim to be atthe heart of the community, we rent out our rooms to a Pilates class, two tutoring services, and other churches and charity groups who meet here on a regular basi5. By charging these groups for room hire, we are then able to provide a space for community groups, such as Walsgrave Community Forum, Good Neighbours and Christians Against Povety, to hold regular meetings free of charge. Our Family and Communityworker ha5 been on maternity leave since September 2024 and dueto return in July 20251 during this time some of her work was covered by other members of the staff team. This meant we were ableto 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 upto keep in touch with members and regularworshippers to provide pastoral support by phone, text and email) has continued with new people being included as they startto regularly attend ourfellowship. Reserve Policy The Trustees have established a reserve5 policy where unrestricted reserves should ideally be maintained at not lessthan £10,000. The unrestricted reserves at the end of the year were £571926 (2024.. £571708) Signed on behalf of the Trustees 11 1025 Page 5
WALSGRAVE BAPTIST CHURCH Independent examiner's report to the Trustees of Walsgrave Baptist Church I report on the accountsforthe yearended 31 March 2025 which are set ovt on pages 7t0 15. Respective responsibilities of the trustees and the examiner The charity's 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 44 (2) of the Charities Act 2011 (the 2011 Act) and that an independent examination 15 needed. It is my responsibility to examine the accounts under section 145 of the 2011 Act. follow the procedures laid down in the General Directions given by the Charity Commissioner section 45 (5) (b) of the 2011A¢' and state whether particular matters have come to my attention. Basis of Independent Examinerfs Statement My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept bythe charity and a comparison of the accounts presented with those records. It also includes considering 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 a full audit and consequently no opinion is given as to whether the accovnts representa Yrue and fairview" and the report is limited to those matters setout in the statement below. Independent examinerfs statement In connection with my examination. no matters have come to my attention: (i) which give me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 130 of the 2011 Act. or to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met. or (21 to which, in my opinion, attention should be drawn in orderto enable a proper understanding of the accounts to be reached. Gavin Kibble MBE i Kineton Road. Coventry, CV2 3NR 25th September, 2025 Page 6
WALSGRAVE BAPTIST CHURCH Statement of Financial Activities For the Year Ended 31st March 2025 2025 Unrestricted Restricted Funds Fvnd5 2024 Total Total Funds Note Funds Income: Donationsi grant5 and legacies 80,147 801147 92,207 Charitable activities 211342 211342 22,682 Investrnent income Total Income 82 101,982 1151520 Expenditure . Charitable giving 21537 21537 2,004 Expenditure on charitable activitie5 84,358 70 841428 68,165 Management and administration Total Expenditure 104 146 70 104 216 Net incomellexpenditure) before transfers 12,1641 (701 12,234) 29,970 Transfer between funds 121382} Net incomellexpenditure) 218 (2.4511 12,2341 291970 Reconciliation of fund5 '. Total funds brought forward 00 Total fvnd5 carried forward 571926 68,874 71.108 The statement of financial activities include5 all gains and losses recognised in the year. All income derives from continuing activities. Page 7
WALSGRAVE BAPTIST CHURCH Balance Sheet as at 31st March 2025 Note 2025 2024 Fixed Assets Tangible Fixed A55etS io 12,903 151062 Current Assets Debtors Cash at bank Cash in hand li 101506 451936 15,083 41,405 58 Total Current Assets 56,472 56,546 Creditor5 Amount5 fallin9 due within one year 12 1500) {500) Net Current Assets 551972 56,046 Net Assets 68,874 71,108 Funds Unrestricted funds Restricted fvnds 571926 10,948 571708 13,400 Total Funds 74108 The account5 on pages 7 to 15 were approved on behalf of the Trustees by: David Barker, Minister Date sJU 6/11 6L4 Pag¢ 8
WALSGRAVE BAPTIST CHURCH Notes to the Accounts forthe Year Ended 31st March 2025 Accounting Policies (a) Basis of Accounting: The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Prartice applicable to charities preparing their accounts in accordance the Financial Reporting Standard applicable in the UK and the Republic of Ireland {FRS 102, effective January 2015). Assets and liabilities are initially recognised at historical cost or transaction value unles5 Otherwise stated in the relevant accounting policy note(s). (b) Incoming resovrces - 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. (cl Resources expended: Expenditure is recognised on an account basis and analy5ed by natural category. (d) Assets and Depreciation= Tangible fixed assets for use by the charity are capitalised if they can be used for more than one year 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- Fvrnitvre, Fixtures, Fittings and Equipment 2096 straight line le) Fund accounts.. Unrestricted funds are donations and other income received or generated forthe objerts of the charity withoutfurtherspecified purpose and are available as funds which the charity may vse for its purposes at its discretion. ii. Designated fund5 are donations and other income received or generated for the objerts of the charity where the Trustees have determined a need for funds to be identifi'ed for specific purposes. iii. Restricted fvnds are to be vsed for specified pvrposes as laid down by the donor. Expenditure which meets these criteria is identified to the fund. Legal Status of Organisation The charity was formed and registered as a Charitable Incorporated Organisations on zi March 2021. The assets of the previovsly unincorporated charity known as Walsgrave Baptist Church (charity number 11348761) were transferred (by way of gift) on the 31 st Page 9
WALSGRAVE BAPTIST CHURCH March 2022. The non-monetaryassets listed in note 7 were alsotransferred tothe charitable incorporated organisation. Notes to the Accounts (continued) Forthe Year Ended 31st March 2025 Donations and Legacies Unrestricted Restricted Fund5 Funds Total Funds 2025 2024 Volvntary giving (general fund) Voluntary giving IBMSfvndsl Vision Day giving Donations 65,080 166 65,080 166 58,670 144 61741 1,746 131400 ii, 07 150 31384 150 384 Grants Gift Aid recovered li 67 11,367 80,147 92,207 4: Income from Charitsble Activities Unrestricted Restricted Funds Funds Total Funds 2025 2024 Hireofchurch rooms Church Clubs 181594 283 1,015 18,594 283 1,015 16{343 307 Chvrch Weekend Hope into Action Youth Work and Soul Survivor Fellowship Fund Foodbank Fund 580 425 300 440 300 440 300 Events Cafel Kitchen Income Open House 20 20 140 250 22,682 285 24342 21, Inve5tment5 2025 2024 Bank Interest 493 632 Page 10
WALSGRAVE BAPTIST CHURCH Notes to the Accounts (continued) Forthe Year Ended 31st March 2025 Expenditure on Charitable Activities Unrestricted Restricted Funds Funds Totsl Funds 2025 2024 Salaries Ministers expenses Preaching fees Appeals and Offerings Minister'5 accommodatlOD 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 Evangelisml Outreach Clubs expenditure Hope into Action Grant Spending Young People Christmas Expenditure Telephone and broadband Foodbankl Fellowship fund Church Weekend Youth Camp Depreciation Other 431080 941 300 11952 3,470 1,800 032 43,080 941 300 4952 31470 1,800 1,032 341385 941 350 1,172 3,442 2,218 4032 91355 11345 354 980 1,827 91130 4556 2,536 711 4457 91130 21536 711 11457 1,281 619 507 181 56 1,281 619 507 181 56 4529 92 600 254 1,090 1,314 44 605 518 5,775 744 4,541 11314 955 44 605 559 435 605 518 51775 744 4,541 4,387 215 68,165 207 84,358 207 841428 7: Non-monetary A55et5 held ft>r the Church'5 Qwn 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 tnjstees (The Heart of England Baptist Association).. 2025 2024 Church premises (insured value} 2,244264 Pagell
WALSGRAVE BAPTIST CHURCH Manse {insured value) 4141290 3231033 Notes to the Accounts (continued) For the Year Ended 31st March 2025 Expenditure on Mana9ement and Administration Unre5tflCted Funds Restricted Funds Total Funds 2025 2Q24 Licenses and subscriptions Administrator Staffl Intern Expenses Independent Examination Professional Fees Stationeryi printin9 and postage 2,114 11,438 237 500 2,114 11,438 237 500 1,426 1,536 171250 2,006 672 500 1,536 171250 15,381 Analysis of staff c05t5. Staff numbers and trustee remuneration and expénsès Expenditure includes staff costs as follows '. Salaries SMPISPP Recovered Pension 2025 2024 551662 1515941 44 541518 50,548 (9,653) 41038 44, Totsl Staff Costs The average monthly headcount was 4 Staff12024 '. 4 staff) and average monthly full-time equivalent employees (including part-time staffl was 312024.. 31. The charitytru5tees were not paid or received any other benefits from employment with the Charity in the year (2024.. nil) neither were they reimbursed expenses during the year {2024'. nil). No chartytrustee ceiVed payment for professional or other services Supplied to the charity12024 nill. Pag¢ 12
WALSGRAVE BAPTIST CHURCH Notes to the Accounts (continued) Forthe Year Ended 31st March 2025 io: Tangible Fixed A55etS Fixture5, Furniture and Equipment Total Cost As at 1st April 2024 Additions Disposals As at3lSt March 2025 721519 72,519 2,382 74,901 74,901 Depreciation A5 at 1st April 2024 Charge fortheyear Disposals As at 31st March 2025 571457 4,541 571457 4,541 61, Net Book Value As at 1st April 2024 As at 31st March 2025 15,062 121903 ,062 121903 li: DebtOT5: amountsfalling duewithin oneyear: 2025 2024 Recoverable SMP Trade Oebtors Gift Aid Recoverable Prepayments 5,215 4643 10,500 1,340 715 11052 10,506 12: Creditors . amounts falling due within one year 2025 2024 Accrua15 500 500 13: Related Party Transactions Page 13
WALSGRAVE BAPTIST CHURCH There were no related paty transaction5 12024 .' nil). Page 14
WALSGRAVE BAPTIST CHURCH Notes to the Accounts (continued) Forthe Year Ended 31st March 2025 Movement of funds Balance as at 004/2024 Income Expenditure Transfers Balance as at 303/2025 Restricted Funds: Kitchen Refurbishment Total Restricted Funds 13,400 131400 {701 170) 12,382} (2.382} Désignated Funds: Foodbank and Fellowship Fund Unrestricted Funds . 300 101,682 (300) (1031846) 57,708 S7,926 Total Funds 71,108 1011982 {194I216) Movement of fvnd5 (Prioryear) Restricted Funds: Kitchen Refurbishment Totsl Restricted Fund5 Balance as at 004/2023 Income Expenditure Transfers Balanceasat 303/2024 ,400 13.400 ,400 131400 Designated Funds: Hope into Action Unrestrirted Funds: 580 101,540 {1,090) (84,460) 519 1510) 57,708 Total Funds 411138 1151520 {851550) 71,108 Nature and Purpose of Restricted Funds: Kitchen Refurbishment.. Grants from Benefact and HEBA to supportthe refvrbi5hment of the church kitchen. Page 15
WALSGRAVE BAPTIST CHURCH Statement of Prior Year Financial Activities For the Year Ended 31st March 2024 2024 i)nre5tricied Re5tritt•l NDt• Funds Funds 2023 Total Fund5 Total Fund5 Donatlon& ¥ramtsd Iqxle5 Charl1•attIUe5 Othu Income Invutmwt incom• 78.807 22.682 13.400 92.2D7 22.682 71.846 22,027 632 102.120 632 115.SZO 203 94.075 13,400 Ch¥itablepvlnK EldItUreOn charitable arti¥lt1È5 nwffit ddmlnistfation Yota Eyndlturq 2.004 68.165 15.381 8S.SSO 2.004 68.165 15.381 85,550 2.004 75,193 13.202 90,399 Net Incornellexpenditurel befOretS1er¥ 16.570 13.400 29.970 3.676 Trsler bdween lunds Net inc•mel(wdituMI 16570 13,400 29.970 3.676 Rttoncililtion of funds: Total lundsbrousht tofwxd 14 41.138 41.138 37.462 TOtandsCrf•d >)rw¥d 14 57.708 13hOQ 71,108 41,138 Page 16