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
0￿04/2024
Income
Expenditure
Transfers
Balance as at
3￿03/2025
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
0￿04/2023
Income
Expenditure
Transfers
Balanceasat
3￿03/2024
,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& ¥ramts￿d Iqxle5
Charl￿1•attI￿Ue5
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
El￿dItUreOn 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 befOret￿S1er¥
16.570
13.400
29.970
3.676
Tr￿sler 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
TOta￿ndsC￿rf•d >)rw¥d
14
57.708
13hOQ
71,108
41,138
Page 16