REGISTERED CHARITY NUMBER: 1195670 ABBEY CENTRE BAPTIST CHURCH (CHARITY INCORPORATED ORGANISATION) ANNUAL REPORT and ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
ABBEY CENTRE BAPTIST CHURCH CIO Reference and Administrative Details The trustees presenl their annual report wsth Ihe finawal stalements of thè charity for the year ended 31 December 2024. The report includes information required by the Charity SORP Financ R8w)rting Starxlard 102 a5 a Charity registered in England and Wales. Trustee$ The trustees who servad during the y[ arwj Since Ihe sear end were as fdlows.. Linden Hale Ann John50n Diana Wilson Anne Crump Rev Sarah Bingham Hon. &¢retary Hon. Treasur&r Appointed 12.5.24 Left 12.11.24 K•y staff Sarah J&ll Kremena Mincheva Avguslina Dimilrova W8iidi8 O'Sh8a Roglstered offlce Overslade Close East Hunsbury Norlhèmplon NN4 ORZ 8ank The Co-operative Bank P.0 Box 250 Dell House Skolmorsdale WN8 6WT Indèpendent Examln•r Roberi GoLJlboLJrne FMAAT, MlnstLM 19 Limelields Way East Hunsbury Northampton NN4 OSA
ABBEY CENTRE BAPTIST CHURCH CIO Trustees Annual Report for the year ended 31 December 2024 Struciure, Governance and Management The Abbey Centre Baptist Chur¢h (the church). is a d[rtable cwni5ation and was registered with the Charitses Commission in England and Wales 1st Septembef 2021. Its acbvrbes are g)vemed ty rts conststut. The church is affiliaied to Ihe Baptist Union of Great Britain. The board ol trustees I'The Deacon5'? cornpri5è5 membe¥s ofthe thvrth The deacons e the b(trafd of tDJStees. meetrng eleven times dunng the year and also arranging a reireat ¢Jay We have agenda fcKused meebngs, artemative months either'centre, oi'chuich Life,. The current Iruslees will ¢onlinue to serve until Iheir ienn of office eypires in accordance wth Ihe c0n5b.tuhL of the chanty or until they ch005e to lake a 5abbati¢al. Each new Trustee will be mentored by a current Trustee encouragng thern and giving guidance In their role At it5 rneeting5, the deacons receive reports Irom ihe minister. treasuw, centre manager and pastoral team and in so ¢Joing monitor the work ol the charity and the staff s contnbutson lo the frjlfilment ol the ow"e¢lives ol Ihe churth Secxetsry l)n"n93 any corte5pondence &Ve4 which is relevant to the Deacons and the Church. Obl?¢tlves and Actlvltl•8 Ihe prineipai purpose of the Church is'The advancemM of the chnsin faith ts1n9 the principles of the Baptist denomination. In lullilling the purpose. the Church will eThJage in a range ol acDvibe5 ether on or wth othefs that will vary trom lime to tsme with aclivits"e8 being inilialed, èxpanded, or closed. as appropriate. The Church's ThSsiC stalemenl .rying SPntual and social needs of people in South Northampton- SlgnlllcantA¢tlvltles The chaiity provides a place lo worship lor all people, young arKI lo deepen Iheir failh in God On a Sun¢ay we provide a lime ol morning worship Several times a year we fellowship wrth Ihe churches we are in partnership with Ihrough the South Northampton Partnership ol Churches This lakes the form of worship servKe5, pinl groups dunng Lent. a lenl plg(fftwge walk and an anrwal quiz We have mnthly player meetings on zoom, lacililaled by our church membws We have slopped our tsIb study while we do not have a minister. We oNer a nurnber of adiwties that reflect the rninistry ol Ihe thufch 10 3eThe ihB 5rKJal and spinbjal needs of the community. We providp a Lunch Club on a Monday lor oKler peop In the ¢(xrttnunity. which Is well atl&ed A Baby 8 Toddler Group meet Thursdays a month This Is open lo anyone wilh childr&n Ircn thè age of O up lo preschod age Wè provwjè a soual aftemoon on a Thursday Wre tea and cake Is served and we share fellowship We began 2024 with ovr vision day whKh many members ol tyjr church were pwt of-w? erMed to rè-*)ok at this laler in lh¢ year. We s18rt¥d working collaboratively with Towcèstèr Road Melhojist Church. having a ccyjple ol sociats and shartng servtss iogelher when there are S Sundays in the monlh, we also pne(I logether 81 E8slef and Cmslmas Early in 2024 many church members h8¢J highlNJhted unhappiness wilh our seNces atKI pastoral supwrt and that our Minister was not 8 good lit for our church The Deacons worked to resolve this. seeking adv Irom Ihe Centr81 Baptist Assockalion. membeis had prayed lor Gods guidance Unlortunately this ended with a Special t meebn9 in May 2024 where It was decided to give Th)tsce lo our Minister Our Minister was on gardening leave for 6 months Sun¢Yay rnoming 5er¥Kes Irom May have been covered by variws lay preachers. rnembers ofthe congregation and a retired rninisler The serwces are available onkne ènd used by approximately 6 peOe each week. we fitted a new camera so that those at horne could have better svJht ol Ihe cha1 Our Iwstees had virtual and lace lo face meeng$ and our church rneetsngs and AGM were held In person witr? acce55 online via zocffi. Every church nwnber and other congwabon are ernailed on a Saturday moining with Information for the weekend We continue 10 produce a monthly new5-sheet By using zoom we continue to ach mernbe15 and congregalion who were In the past unable lo physically corne to d)urch twildiThJ We have a PaSiOFal team ol church rnembeTS who continue lo support each olhei either in per50n. on the phone or zo. We now have our church meelwigs quarterfv. Wewere able io rUit another Deacons to the tearn. The Church sUPPOrts BMS World MiSsn and Home Mrssw. whth are bolh Baptsst Union of Gal Britain initsatives BMS Wortd Mission want people the world over lo expenence fullness of life through Chnsl. We as a church Iinancia¢ty 5UPPOrt th&r general wotk which involves supporting tn155ionaries abroad. their disaster & harvest appeals. and several members gNe to Ihe BIrtlKlay Scheme We are encouraged to give £55 per church rnetnbei. Home Mission is all ab(MJt helpi1 Bapb"st churche5 and sndmduals to reach their tnission tentIal and bring the love of God lo their comrnunrtle5- Ih15 woth is ck)ser to hame m Ihe UK. We finKlty give to Horne Mission aThY they ask that we give 5% 01 our offering giving
We make good relationships wth the users of cwJr buiJdir¥J, facilrtaled by ouf Ministef. our Cenlre Manager. our DeaconlTruslees ènd several of our church member5 and continue to build on our rdabonships with Ihe community and local area We work dosely with the parish ¢oun¢i1 and in December 2024 we had a Jtynl Chrislmas COnrt wth bcal peop arKI user grwps tsking part as well 8$ the church. We work wrth our local piimary School opening our church for visits to Jeam atx)ul Chrislianity and iys hislory. Our minister 15 on hand to Pa5101 to any users ol our centre As part of the work of the church we give finatallY to local charibe5 as Chnstmas- each year choosiryJ a chanty our Novetnber church tneetsng We 5UPW)rt Bethany Homestead a charrtable organisats)n that offeffs resen"al caie. respile and 5hellefed housing for the elderly and frail supported by Bapbst. Congregati(1 and Unrted Refomied Churches in Nothampton. QXW members 9ive of thelr time, support the many functK)ns organised and our church gwe a yeaty finaTKial offeF The Abbey Centre is a community faulty which is used by rnany groups in Ihe suThoun¢*"ng wea. The building is open seven days a week between 9.00am and 9 00pm. In 2024 we have been lulty ¢Jpen and have had several new users to the buildiro. induding a Ca agency based in one of our fixed offices We have a Community Frmlge ProFd epeThdenyy run wthin our centre where anyone ran share foocj lo combat food waste. erther by bringing Io(Kl io 8ve tn the frK1ge by taking Iwd Irom the thdge lo use thernselves, Ihis is a welcoming Spaces open to all. As a church we collect food lor Focxj "d Far Colton which vulnerable farnles in the local comrnwiity of Far Cotton.
ABBEY CENTRE BAPTIST CHURCH CIO Trustees. Annual Report for the year ended 31 December 2024 Rl8k Manog8m8nt During th8 year TAleS have a$ urylaied kn"eS to bE mrKe rdev to Atrtry Centre Bapbst Church CIO. Pntyily w8$ gwen lo Safeguarding, our Minister. Tru51ees Saleguarthw rewd the¥ Ir41irMrwJ. The Safoguardity wliy Y5 rewrillen and approved al a church meeiing. all church membets wo10 ¥iftymed dthE of Ihis wlicy. Thp urMJaled and apwove(l ata church meeuiig. Th8 deacon5 01 the Church do not lve kn81 Ihe cNfyrityLs svbJe¢i ty anysubsianiial LwL¥KJ the Iiabilthes disdosed In its Annual R8th)rt aDd Accounts. All users ol IhB bu11n9 are reqwad tolwlhAir ¢ertrf¢ale arvj cwry (Art a risk a¥esSMen1 uf thBir ac1wit5. The trustee5 have been fulty bneltrj on in ID Dala PrLth RegItiL ol Pty2018. Public BenelSt The trustees have coNIere(l Cwmissth's on IhB wthbenEIrt parlKth3rthe ¥ir gimdm frylhe adv8ncement ol religion. The Churches Alm is lo bo -SèekirwJ ID serve the SPiTIIu31 and sttia needs ol&xth byfWn18 affwnwnll lh6 wèsènce trf G(xJ in everyonè." Through wdcorlle any K) walks thr¢ cw Flnan¢lal Revlew The Iinanci81 posi1n ollhe Charityss sei in the Slalemprt 01FThi1 and 8wce Slwl relal•J hwe been prep8red In accordancts wilh Ihosiatul(ry rOqrMnIS 01 It Ch5A¢t 2011 aNJ S(¥IPIFRS 1021 Prln¢lpal fundlnll sourc•8 The ch8rily hgs main so¢8¥ ol irtL). olthB lrierKIs of lIAb1COntrO me offqrnp5 ard donavws and users of Ihe premtsfts pay a fee for Ihthr ustrof bu11rs. The qengral operat8 ol the ch81ityafierlh8 ded al're8lrthl hJrKts'g•d a C13.OY lo 31.12.24. Tl tot81 d8ficltfor the ChrIlY 0¥$14110 31.12.24 was £2.429. Tho dopl0all0n tharw on thc assots ol charty is a rt wsl c4Q14.483. The 8uildirKJ deprecralk 15 Sel firMsh¢d alter so Wb2036. JJ fithtyTrAMI Slrawl Iw)ti pBr year. Insurance company provided a valu8lknn fjgure ¢M th8 Inc(xne li(xn offorings Pnd dDnaliw5 coTrlinue lo •3th8t rxx Mam1$ and eare0titirt hèvo c(1linuod to give gonorous1y (luriny IhÉTr y¥ar. UK tax payers 81808ncrx¥•JEd lo Ald. fLV aLMIe wng may reclaim 25p m every £7 doiiBled 81 no extra cosl. Tho incomo Irom Prem4ses to 31.12.24 Is O¥W £8554. Ourcwtre Marw brtr¥J li new lo the Abw Cgnlre, Wy repl 1plS in IhB cenlie arxl a150 fi¢led CCTV. UnrAslrkle.d lunds.. Funds Ih81 may used l£ WkYJ5t $0 l(¥vJ as il mB81s ihe 8irts ol chtrily RÈslnded iunds. Funds onty usèd lor Sperrf e.g. H¢yre 8MS Designaied lund5'. Funds ore Sel by InJ51ees IrA an eSSeral swnd rA future raww8e R8ser¥88 Policy The priTnary wlgDing5 10 SthH£¥)sts arwj buikJirwJ rgpaws. Thp chwty irustW5 seek lo ke4p slyrf reserves anninu only lo keep a level of lunds lo tKTr ablo lo manage a potonlhil em¢rgwcysilualN)n Iho relain tho staftas foquwod. Yhis is sotal 8 k7YoI 01 £40,0(K) which 8lknws for 3 monihs running cosi$ al ¢LKreni levels. Inw8tm¢nt poll¢v and obSo¢llves Th> luiids of Ili& charily are hekl Iii o Thjmbw of bank Iwslee5 lo. twever w$Ible. fflaximise Ihe iDteiesl apICable lo Ihese lund%. Tlie t.hrfifily cwlinuÈs lo k1 Ihe funds deFosded v) a 3 a¢oMtwlh 8witsis Togetherand ho5 twds a150 In an accounl wilh Ilie Skiplon Buiklin9 SoCty. Tho 12 rllmlh fixed rale inloresl accounl In rnalured 2024. this rTh)nEy was ustd 10 pay lor Ihtr carpols. Th& L'hLlh L'oniinu& ¢tsiw) d'Mdns¥' whKh LUFIWlty renlwl rAJi at rnarg1 ¥4u¥. Voluntoer8 Vvliinii)¥r%, whelher they are mwthrs. Pe atteThYiry ¢¢unIY are erwurageil lo sharelheir time. skills orlaNI lalei)I 10 sUPWrt Ihe varK)u$ fUrl)n$ of Ihe Chch. The th of v¢bJntÈets Indudes KolIrj a wam lo the c<¥)gregalKJn and wsiiors. help wlh the prov15ion el tea ènd collee aftY a sore. beC0Mj readers. he1w al events. gNw¥J (fve atKI olhpr wactical hdp. AS 11 as promotin9 Iho aims Bnd objectives ol Ihe churrh. The of v(ALmteers 8Thb Ilw we rearty thathl an(18pprecith for their cijnlribulions. Safequarillng Wo lake safeguarding of the young vuknerable alu115 very Seri(xY have an 4wMnted 0e51gnaled Pers for Saleguardmg. Traning lor saleguaryling mallers hekl by the Centr BapltstAssooaliw rewlty lo keep Ihose Invcl¥e(I wth thl(tren ar wlnerable adults up lo dale wrfh legislauon. All Irustees hawe aller leyel Z in lh8 k88112 ftth$.
ABBEY CENTRE BAPTIST CHURCH CIO Trustees. Annual Report for the year ended 31 December 2024 Rèstriction of 0rationS The church sh811 be operated exclusively for ils charilae Pufposes aThJ shall nol oppraied for the purposo of carrying on a trade or bL¢siness for profil. The church's assets may be utilised only in pursuance of its ObjIeS. Neither the trustees nor any other organisalion or privale individual tnay receive any dividend or any other distribution oul ol the assels Of earnings ol the church. No p8rson shall receive any payment or benefit from the church in rèspect ol expenditure incurred in relali¢)n lo mallers falling ouiside its objeclives. Future Plans We begin 2025 without a mini51er- we continue to be Iruitlulty led by lay preachers. members. retired ministers and friends. We held a vision service and church meèling in January focusing on our church profilo as W8 b8gin lo seek a new minister. The church has wlled logethef and currently we feel very strong as we enter a new year. We conlinue to cdlaborate with Towcester Road Methixlist Churth and have been joining together lor services when there are S Sundays in the month- 8rther ai our chapel or their church. Our four Deacons work well (ogelheT bul feel lolally supported by many others who are church members or congregants. Each year we l¢Jok at our hall hwe ratgs- increases of ralè par grwp have been cahwlatsd to stay affordable to each group.
ABBEY CENTRE BAPTIST CHURCH CIO Trustees. Annual Report for the year ended 31 December 2024 TRUSTEES. RESPONSIBIUTY STATEMENT Charity law requires us as Trustees to pr8par8 financial slat8ment5 1(K gach accounbng year whh givg 8 true and fair view of the state of the charity and of its bncome arKI experKJiture tl* year. We are required lo.. 1. Select 5Ultable accounting wlicies and apply Ihem consistenlly. 2. Make judgements and estsma18s that are Teasonable and prudent. 3. Stale wholher the appli¢able 8ccounling stsndards have been followed. subj'ect to any material departures disclosed and explained in a¢Gount5. 4. Prepare the financi31 statements on 8 goirMJ concem basis unless il is inappropriate to presume ihal Ihe charity will continLte in buslnèss. Trustee5 are responsible for keeping proper accoLtnting records which discloso with reasonable accuracy 81 any lime the linancSal position ol Ihe charity and enable us to er)sure Ihal Ihe fir)ancial sta(on)ents comply with the Charit185 Act 2011 and follow the principles in the new 8dilion ol th8 Charity Gov8manc8 Code. Trustees also have a reswnsibility lo safeguard the assets of the charity and trj tske reasonablo steps lo prevent fraud or any other Irregu18rities. Approved by the board ol trustees ol thè charity on 13th Juty 2025 and si9fbe(l on its behalf by.. L Hale So¢relary on b&haW of the Trust
ABBEY CENTRE BAPTIST CHURCH CIO Independent Examiner's report I report on the accounts ol the Abbey Centre Bapts"sl Churth IA Charitable In¢orwrated Organisalionl for the 12 months ended 31 December 2024. Responsibilities and basis of report As the charity's Iruslees ol the Abbey Centrè B8plist Church CIO a res[sible lor the preparalion of the accoLJnts in accordance wlh the reouiremenls ol the Charities Act 2011 Ilhe Acl'l. I report in respect ol my examinalion of t Charills acVnI5 carried oul urvjer section 145 01 Ihe Act and in carrying DUI my examination I have lollowed all the apph'cae Directions given by Ihe Charity Commission seclion 14515llbl of the Act. Independent examinerfs statement I have rompleled my examination. I confirwn Ihal no matter5 have come lo my atleniion in connecknon wilh thè 8xamin¢)lion giving me cause to believe.. 1. accouniing records were nol kept in respect of ihe Chanty as required ty sl0n 130 01 Ihe Acl.. or 2. the accounts (k> not accord with Ih05e records.. or 3. the accotinls do not Gomply wilh the aPpIable requirements ¢(cernI3 Ihè f¢ym and contgnl of accounts set out in the Charilies (Accoun15 and Reporlsl Regulalions 2008 other than any requiremenl that the accounts give a 'lrue and lai¢ vièw which 15 riot a matter considered as part ol an indèpendtnl èxaminab"on. I have no concerns and havè come across no other mallers in conneC1n with the examination lo whlch 8llenlion should be drawn iii this r Port in ordei to onable a proper underslanding ol the accounts to be reached. Rob8rt Goulbourne FMAAT. MlnslLM 19 Liniolields Way East Hunsbury Northamplo NN4 OSA Date.. 13th July 2025
M95670 31st December 2024 Section A Statement of financial activities Restricted s Unrnstrlcted income Endowment funds funds funds Total 2024 Total 2023 Incorning resour5 Voluntary Income 46.215 5.094 51,309 20 50,602 52 Ac¢l¥ltlfr¥ for ggn•rallng fvnds Investment Income In¢omlng resourus from Charhablo actl¥ltb•s Total incoming resources Resources expended Costs ol generating voluntary Incon Fundralslng tradlng costs 20 22.128 116.721 22.128 116,721 190.178 20,864 107,372 178.890 185,084 OK 45,352 40.142 5.210 57,009 Inve¥¢ment manag•m•nt C08ts 3.056 3.056 341.980 6,220 963 Charltabl¢ acllvlll¢ 341.980 6.220 391.398 289.201 5,637 352,810 Govornance co818 Total Yesources expended Nel Incomlng/(oulgolng) resources before transf•rs 5.210 396.608 206.314 116 206,430 173,920 Gross transfers betwe•n funds Net IncominOutO1ng) resources belore otl rvcognisedgalnIOS$•sj 206.314 116 206,430 173.920 Othor r•¢ognised gainslllosses) Gains and lossès on r8valualion ol fixed assels for the charily s own use Gains and losses on investment assets 491.709 491,709 Net movement In lunds 285.395 2.534.031 116 285,279 2,534.537 2,819.816 173,920 2,708,457 2,534,537 Total funds brought forward Total funds caled fonvard 506 2.819.426 390
Section B Balance sheet Restricled Unrestricted income Endowme funds funds nt funds Total 2024 Total 2023 Fixed assets Tangibla assets Other Investments 2.745.837 2,745,837 2.452,289 Total fixed assets 2.745.837 2.745.837 2.452,289 Current assets Sto¢k and work in progress Debtors 17.093 17.093 18,078 (Short term) investments Cash at bank and In hand 92,146 109.239 390 92,536 109.629 103.716 Total current assels 390 121,794 Creditors: arnounts falllng duo wlthln one year 12 11.502 11,502 10.682 Net current assets/(liabilities) 97.737 3 98,127 111,112 Total assols loss currnnt Ilabllltles 2.843,574 390 2.843.964 2,563,401 Creditors: amounts falllng du• aft¢r one year Provlslons for Ilabllltles and charge$ 12 24,148 24.148 28,864 Net assets 2,819,426 390 2.819.816 2,534,537 Funds of the Charity Unre8trl¢ted funds 2,327,717 491,709 2,327,717 491,709 390 2.534.031 Property revaluatlon Restrlct•d Income funds 390 506 Endowmgnt funds Total funds Signed by one or two truslees on L*hall of all I Iru51ees Signature Print Name Date of roval Llnden Hale 13.7.25 Ann Johnson 13.7.25
Section C Notes to the accounts Note 1 Basi5 of preparation 1.1 Basis of accounting These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with-. Accounting and Re ortin and with. by Chanties- Statement of Recornrnered Practice ISORP 2005),. Accounling Standards.. Financial Repcwting Slandarts for Smaller Enterpri5e5 (FRSSE): or and with the Charities Act. exce I for the followin Glve details In thi5 box if a different standard has been followed. -Tick as appropriate.. if All rel8vAnl di%111r$s sho%bv) in the pk have tttn given Ihen please b"ck"Accounting Standards-: If disclosures completed In thesè a¢eount5 have been restricted to Ihose required by Ihè FRSSE, thon please lick "Financial Rèporting Sl8ndard8 lor Smaller Enterpris&s IFRSSEI". -11 no departures Ir(n Ihe ¢hosen standards have been made then delele thosè 7AYxds,' OtheSe give details of any chanqes In the boKes. 1.2 Change in basis of accounting There has been no change to the accounting policies {valualion fules and MethS of accounlingl since last year15 except lor the lollowingl. Give dgtails in thls l)ox of any materlal changes that have b8en made. il no changes hav8 ten made lo a¢¢ountiryJ lIcIeS then delete Ihese wyds. 1.3 Changes to prgvlous accounts No changes have been made lo accounts for previcxts years155 excepl for the following). Give details in this box of any material Changes that have l)een made. $5 il no changes havè been fflade to aceixlnts f(* prevKw5 tVKKJs Ihen delele Ihese %wyds.
Section C Notes to the accounts cont Note 2 INCOMING RESOURCES Accounting policies Recognition of incomlng resources These are included in ihe Slalemenl of Finantial knb"vitie5 l&bFAI when: Ihe charitv becleS enlillèd lo the res¢)urces.' Ihe Irustees are virtually certain they wll receive the Tesources: and Ihe moneiary value can be measured wilh sufficient reliabilitv. Incornlng resources wlth related expenditure Where incoming fesource5 have related expenditure las wlh fundraising or contract incomè) th8 incoming resources and related expendilufe are r8ported gfoss in th8 SOFA. Grants and donations Grarts arKI (hjnations are only iidudad in the SOFA when the charily has unconditional enlillement the reSre6$. Tax reclalm$ on donations and gifts Contractual Income and perforniance r•lat8d grants Incoming resources from tax fedaims IlUdd in Ihe SOFA at the same lime as Ihe gift lo which they relate. This is only Cluded in Ihg SOFA cc rled goods or services have been delivered, Volunteer help The value of any voluntsry help received is rnt indUdl in the accounts bul is described in Ihe trustees. annual rewKt. Inv•stm•nt Incom• This is included in the accounts receivabk. Investment gains and losses This inckJde5 any gain or k63 on the sale ol inveslments and any gain or loss resLtrlting from rèvaluing investments lo markol V8 at lh8 end ol the year. EXPENDITURE AND LIABILITIES Liabilily recognition Liabilili85 are recwised as St 8s Ihere is a Wl or construclivè obligation commilling the Charity lo pay oul resources. Includtr cos15 01 Ihe preparation and èxamination ol stalulory accounls, the costs ol IrustÈa meetings arwj c051 of any legal adwce to Iruslees on governance or constilvtional matlers. Gov•rnane• ¢o$ts Grants wlth perfomiancè condltlon$ Where the charily gives a grant with ¢orKlits"ons for ils payynent being a specific lovel ol servico or output to be provided, such gfanls are only recognised in the SOFA once th¢ recipient ol Ihe grant has prov¥Jed the sp8cili8d seNce or output. These are only wognised in Ihe accounts when a commitment has been made 8nd there are no cornli11$ lo be met relaliThJ io Ihg granl vthich r8m8in in Ihg control ol the charily. Grants payabl• without perfomiance condltlon$ Support Costs Support costs include central functic and have been allocated to activity c051 categories on a basis consislenl wlh Ihe use ol resources. 8.9. alk)caling property Costs by floor areas, or per capila, st8lf costs by Ihe lime spenl and other cosls by Iheir usage. ASSETS Tanglbl• flxèd a$t$ for u$• These are capllallsed11 thèy can bè used [( more than one year. and cost al least £500. by charity They are valued al ry)sl or a reasonable value on receipl. Investments Investments quoled on a recognised stock exchange are valued al market value al the year end. Other inveslmenl assets are included al iruslees. best estsmate ol market value. RISK The Iwslees assess risks to Charity annually and those are disclosed in the Annual Report and Accounts.
Section C Notes to the accounts cont Note 3 Analysis ol incoming resources 2024 2024 2023 2023 Unrestricted Restricted Unrestricted Restricted Anal is orieri s and Donaticffts Donations to HM & BMS Tax recoverable Grants acies Voluntary income 37.542 241 3,957 896 33.759 1.300 5.734 863 7,094 1,579 7.082 1,864 46.215 5,094 42,705 7,897 Grant income r¢laies lhO rohJ8so Olants recty¥edv)aS Mi sevwal rna ¥Mwtts. Th¢ oNo515 a propDMn ol tho thJw8cwIK)n Activities for generating funds Fundraising 20 52 Total 52 Investment income Deposil account interest Currenl account interest Barn Owl Close Rental 3.528 2,864 18,61)0 18,000 Total 22.128 20,864 Th* ¢hpTrf¥8 prI¥pUrchSOd kn Ihè 1$ dwas Largfj 1XWT¢kn rvjl havo a m151¥[.Tt ¢huFth motDbv15 lornnl lo •i 06wtyJ Incomlng resources from charltable activities Use of Premises Pholoco Caterin 8ab & Toddlers Lunch club Coffee & Cake 108,879 1.295 1.028 663 4.145 711 116.721 101.163 868 637 849 3.855 Totsl 107.372
Section C Notes to the accounts cont Note 4 Analysis of resources expended 2024 2024 2023 2023 Unrestricted Restricted Unrestricted Restricted Anal Minislry Costs Pension defi¢il ad. ustment Mission see note 8.3 sis Costs of generating voluntary income 39.432 10 700 49,574 12 785 5.210 6.638 Total 40.142 5,210 50,371 6,638 Fundraising trading costs Total Invgstment management costs Property Expenses- Barn Owl 3.056 963 Total 963 Charltable a¢tSvltles Premises Staff cosls for Centre Manager & Assi De recialion Caterin services 93.379 81.685 1.300 32.740 214.482 1.379 28,255 176,969 992 Total 341.980 287,901 1,300 Governance costs Governance Insurance Total
Section C Notes to the accounts cont Note S Support Costs Governance Activity Fundraising activity Charitable Activity Total Cost ort cost Total Note 6 Details of certain Items of expendlture 6.1 Trustee expenses Please provide detalls of the amount of anypayment or reimbursement of out-of-pocket expenses madg to trustees If no expensès wgre paid. please enter'None' in the approprlate box(es). 2024 2023 Number of trustees who were pald expenses Nature of the expenses Ministry & Centr& Ministry Total amount paid 102 1154 6.2 Feès for examination or audlt of the accounts 2024 2023 Independent examiner's or auditors. fees for reportlng on the accounts Other fegs (for example: advice. consultaney* accountancy services) paid to tho independent examiner or auditor None None None None
Section C Notes to the accounts cont Note 7 Paid employees 7.1 Staff Costs 2024 2023 Gross waggs. salaries and benefits in kind Employer's National Insurance costs Pension costs 78.201 73.546 4.354 82.555 4,727 78,273 Total staff ¢osts 7.2 Average number of fu114ime equivalent employees in the year Thg parts of the charity in whleh the Fundraisin employees work Charitable Activilies Governance Oiher 2024 Number 2023 Number Total 7.3 Delinod Gontribution penslon schome Brief details of the scheme At Ihe end ol June 2022 the Baptist Pension Scheme shjned an agreom8nl wilh the insurancè company Just Group I'Just'l Io sgcvro membors. ponsion bonolits under the Defined B8n8fil I'DB'I Plan. As a result, thè Scheme no longer has a shorlfall. A revised statement ol conlribulions was approved with defKil conlribulions from each participating employer in Ihe DB Plan reduciThJ lo just £1 p8r month Irom August 2022. Th*s8 eeased in NoVeMr 2024. in lin8 with movi lo Jusl Grou 2024 2023 Tht costs of the scheme to th¢ ¢h•rity tor the year Th$ amount of any contributions outstanding at thfr yaar ènd The amount of any contributions prepaid at th• y•ar •nd 10 12
Section C Notes to the accounts {cont} Note 8 Grantmaking 8.1 Total value of grants Grants to individuals Total amount £ Grants to Charity Total amount £ Pur se for which rants made Total 8.1 Granlmaking costs Support costs of grantmaking £NIL 8.3 Grants made to institutions Names of institutions Purpose 1$ a Christian mission organi5alK)n Ihat has brKJ-slandiThJ relalion5hips wlh UK Baptist churches. It tYks in arwrKI 35 counlries on four conlsnents. BMS persfflrd are mainly in thurch. de¥ekW. educatK)n. health. iustice w¥J kadetship rMslr1. Totsl amount of rants aid£ 3.531 BMS World Mission Baplisl Union of Great Bnlian Home Mission Is all atKJut helpty Bapb"st Chur and indNJuals to ach iheir mlssion potential and brsng Ihe love of Gtyl to tsir communities. It is the Baptist famity purse. aThJ yew our un has an appeal to lai8¢ mtyy lor Home Mission. 1.438 Cynthia Spencer Hospice (Christmas Collection) Cynihia Sp8n¢gr HosrA¢e Ri Norfharnplcffi. UK aims to help people V*ith lil limiting illnèssès Ibve as fulty as possible. Their mission is to providè 5UPPOrt 241 Bethany Homestead A charitable organisalion Ihat offers resmlenlial care. reswte 8nd sheltered housing lor Ihe eklerfy and frail supported by Bapbst, cLMgreg8ts.)al •nd United Reforrned Churthe5 in Nodhamplon. 700 Total grants to Institutsons 5,910
Section C Notes to the accounts cont Note 9 Tangible fixed assets 9.1 Cost or valuation Fr•ehold land & buildings other land & buildings Flxtures. fittings and equipment Total Balance brought folward 4,043,798 267,097 4.310.895 Additions 16,322 16.322 491.709 Revaluations 491.709 Disposals Transfers ' Balance carried fonvard 4.535.507 283.419 4.818,926 9.2 Ac¢umulated depreclatlon and impairmont provSsSons 'Basis SL SL ' Rate 13 years 10% Balance brought forward 1.653,241 205.365 1,858.606 Depreciation charge foi year 197,656 16.827 214.483 Impairment provisions Revaluations Disposals Transfers. Balance carried forward 1,850,897 222.192 2.073,089 9.3 Net book value Brought forward Carried forward 2.390,557 2,684,610 61.732 61,227 2,452,289 2.745.837 9.4 Revaluation Revaluation fee of ACBC builditvJs vrds given by Insuran(* Company The "transfers" row is for movelnents l)etween fixed assel categories. - Please indicate the fftelhod of depreciation by deleting the n7ethod not applicable (SL = blraighl line,. RB - reducing balance). Also please indicate Ihe rale of depreatn.. for slraighl line. what is the an1pated lrfe ol the asset (in years),- for reduung balance. wh81 is
Section C Notes to the accounts cont Note 10 Investment assets 10.1 Fixed assets investments Carrying Imarketl value at beginning of year Add- additions to investments al cost L¢ss.' disposals al carrying value Addlldeduct): nel gainlllossl on revaluation Carrying (market) value al end of year Please provide below.. 10.2 A broakdown of the market valuos of investmenls shown above agreeing wlth the balance sheet row BO3. 10.3 A breakdown of the income from Investmgnts agreelng w5th SOFA row SO3. Analysls of investments 10.2 Market value at year end 10.3 Incom8 from investments for the y•ar Investment properties 335.000 18,600 Investments Ilsted on a recognlsed $tock exchange or held In common Investment funds. open ended Investment companles. unlt trusts or other collective investmenl schemes Investments In subsidiary or connected undertaklngs and companles Securities not listed on a rwnlsed Stock Exchange Cash held as part of the investment portfolio other Investments Total The Investment Is Includ at its historical value, howwer. opèn market ¥¥luation for Similar properties suggest a valualion of £445,000. No d•pr•cation Is provided on this inv•stment as thè proyrty15 malntained at or abov• the'D¢e•nt Homes Standard.. 335,000 18,600 10.4 Material investment holdings If any single investment is material in temis of it5 value (for example represents more than S per cent of the value of the charity's total investments) please provide details. Invgstment held Market Value
Section C Notes to the accounts cont Note 11 Debtors and prepayments Analysis ol debtors Amounts falling due within one ear 2024 Amount5 falling due after more than one ear 2024 2023 2023 Trade debtors IRialtas> Other debtors {Recoverable gift aid) Prepayments and accrued income 10326 11262 1935 1520 4832 17093 5296 Total 18078 Note 12 Creditors and accruals 12.1 Analysls of creditors Amounts falllng due within one ar 2024 2023 Amounts falllng due after more than one ear 2024 2023 Loans and overdrafts Trade creditors HMRC creditor 5.000 3,861 416 2.500 7,500 2,844 750 Oth8r croditors 1,863 225 Other creditors A¢¢ruals and deferred In¢orne 2.225 21.648 21,365 Total 11.502 10,682 24,148 28,865 12.2 Security over assets 11 any loan. overdraft or other credltor holds a charye or other sgcurity over any a$set$ of the charlty please provlde details.
Section C Notes to the accounts cont Note 13 Endowment and restricted income funds 13.1 Funds held Please givg a brief description of any of tho following type of funds held by the charity: permanent endowrnent funds {PE): expendable endowment funds IEEI; and restricted income funds. including special trusts, of the charity IR). Fund Name Type PE, EE orR Purpose and Restriction5 13.2 Movements of major funds Please glve detalls of the movements of the major ffunds summarlsed columns of the Statement of Financlal Activities. ncom ng resources utgoing rosources nsan losses 31.12.23 Transfe 31.12.24 Fund names Unrestricted Funds General Fund Ministerial Fund 1,980.904 206,9(X) 346.227 114.667 70.702 333,223 55.955 2.738 233 491.709 2.254,290 221,647 343.489 Pro ert Fund Close Shullerlsound S Fund Total unrestricted Restricted Funds BMS World Mission BUGB Home Mission C nlhia S eneer Hos Restricted Funds Total Funds 285 185.084 518 233 2,534.031 391,398 491.709 2819426 357 149 -3531 -1438 -241 5.210 396,608 234 156 1445 241 ice $06 2.534.537 5.094 190,178 390 2,819,816 491,709 13.3 Transfers between funds From Fund {Narne) Shullerlsound System Fund To Fund {Name) General Reason Clear old incorrect figures regarding Amount 233
Section C Notes to the accounts cont Note 14 Transactions with related parties 14.1 Remuneration and benefits Please give the amount of any remuneratlon or other benefits pald to a trustee or other related parties by the charity. Amounts paid or benefit value 2024 2023 Name of trustee or connected party Legal authority (eg order, govèrning document) Diligent Handyynan - HusbarKI lo tTuslee Artn Johnwi See CcfflffKt of Interest PolKy 818 80 14.2 Loans Please give detalls of and amounts owlng to or from the clmrlty's trusfves or other related parti•s by the charlty at the year end. Name of trustee or connoctsd party Amount owing 2024 2023 Legal authority Due to trustees and related partlos DUB from trustees and related Darties 14.3 Othor transactlon(sl with trustees or related parties Please give details of any transaction undertaken by (or on behallofj the charity In which a trustee or rélatedparty has a mat•rial interest. Name of the trusteg or related art Description of the Iransaction 2024 2023 Relationshi to chari
Section C Notes to the accounts Icontl Note 15 1 Statutory Information The charity is a charitable incorporated organisation registered wlh the Charity Commission in England & Wales. The charitls registered number and principal address can be found on the Charivs Reference and Administrative Details page. 2 Accounting Polltles These financial statements are prepared on a goiThJ concem basis. under the historical cost convention. These financial statements have been prepared in accordance wilh the "Statement of Recommended Practice.. Accounting and Reporting by Charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {-Ihe Charities SORP"), with the Financial Reporting Slandard applicable in the United Kingdom and Republic of Ireland I'FRS 102.1 and wilh the Charities Act 2011. The charity meets the definition of a public benefrt entity as set out in FRS 102. The Charities (Accounts and Reports) Regulations 2008 (the .2008 Regulations'} requires charitie$ lo prepare their accounts in a¢cordance with 'AccounliThJ and Reporting by Chartties.. Statement of Recommended Praclice elfeclive from 1 April 2005. but this accounling siand8rd has since been withdrawn and has been replace(J by the Charities SORP mentioned in the preceding paragraph. Th8 charity has prepared these financial statements in accordance wth the new Chaiilies SORP., this departure from the 2008 Regulations is believed to be necessary for these financial slalements to give a 'Irue and fair view,. Thg prlnciples adopted in tho preparallon of Ihe financial statements are set out below. a) Goin The trustees have assessed thelher the use of the going concern basis is appropriale and have considered possible events or conditions that might cast significanl doubl on Ihe ability of the charity lo continue as a going concern. The trustees have made Ihis assessment for a period of al least one year from the dale of approval of the financial Slatemenls. In particular the trustees have considered the charily's forecasts and projections and the possible implications should projecled income and l or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources lo ¢onlinue lo operate for the foreseeable future. The Charity therefore continues to adopt the going concem basis in preparing its financial stslements. concern bl Income Income including invegtmenl income is recognised in the perirxl in which the charity becomes entitled lo receipt, the amount receivable can be measured wlh reasonable ceriainty. and receipt is probable. For the most part, Income is generally recognised when il is received. Income is only deferred when the charity has lo fulfil condilions before becoming entitled lo il or where the donor has specified that the income is lo be expended in a future period. Income from donations includes.. il Recoverable gift aid. This is recognised when Ihe related donation is received. Gift aid Ihat has not been recovered bv the balance sheet dale is included as a debtor. ill Legacies. Income from legacies is recognised when a distribution is received from the estate or, if earlier, when the charity has been notified that a distributson will be made and the amount receivable can be rneasured reliablv. Income from charitable acts"vities represents income receivable from go(Mls, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from churth retreats and other events and courses. Investment income represents income oenerated by the charilvs assets
enditure Expenditure, including irrecoverable VAT, is recognised when il is incurred or, if earfier. when a legal or conslruclive obligation for a payment arises provided that it is probable that seltlement wll be required and the amount of the obliaalion can be measured reliablv. The charity makes grants lo other institutions and individuals lo lurther its charitable objectives. Grants payable are recognised as constructive obligations arise. which is generally when the charity expresses a commitment lo the recipient that Can be measured reliably and Ihen only lo the exlenl that any condition5 associated with the grant are outside of the control of the charity. The cost of raisinq funds is not SiqnifnI and has not been separately disclosed. Governance costs, which are included in expenditure on charitable activities bul are identified separately in the notes lo the accounts, includes costs associated with the independenl examination of the financial slalemenls, compliance with constitutional and siatulory requirements and any other expenditure incurred on the strategic managemenl Df the charity. dl Fund accountlnq Genpral flinds are unreslricled funds which aTr available for use at the discrets'on of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unreslricled funds that have been sel aside by the Iruslees for parliculaf purposes. Reslricled funds are don81ions which are lo be used in accordance with specilic reslriclions imposed by donors., they include donations received from appeals lor specific activities or projects. Endowment funds are donations Ihal are retained as capital in accordance with the donor's wishes. The nature ol the restriction determines whether the endowments represent permanent endowments or expendable endowments. ol Tanqible fixed assets Ileins purchased Of donated for the charily's own use are capilalised when the cost of purchased items, or the 18ir value of donaled items, is more than £1.000 and Ihe item is expected lo benefit the charity over more than one accounting period. Depreciation is charged on a slraighl line basis so as lo write down the value of each asset lo ils estimated residual value {if any) over ils expecled useful economic life. To achieve 11)is objoclive the following rates of depreciation are charged". Freehold property Fixture5 and lillinqs Computers and IT Equipm8nl 50 years 10 years 3 years Slraiqht line method Slraiqht line method Slraiqht line method The carrying values of tangible fixed assets are reviewed for imp8im)enl in periods when events or changes in circumstances indicate that the carrying value may not be recoverable. Depreciation has not been provided on the property at 31 Bam Owl close (freehold residentiall building. The Iruslees consider Ihal, because the freehold buildiros is maintained lo such a high slandaid through regular maintenance and repair, their residual value would be sufficiently hh lo make any depreciation charge immaterial. Land has been included in these accounts at £13,OCM) and no depreciation has been provided. n Leased assets Leases which do not transfer subslanlially all the risks and rewards of ownership lo the charity are classified as operating leases. Operating lease payments are recognised as an expense on a straighl-line basis over the lease term (unless anolher svslematic basis is more reDrentaIive of usel. q) Pension scheme arranoernents The charity opeiales defined contribution pension schemes for its employees. Obligations for conlribulions lo these schemes are recognised as an expense when the liabilily arises. The assets of these schernes are held seDaralelv from Ihose of the charilv in indeDendenllv administered funds.
h) Taxation The charity h8S taken advantage of the various reliefs from taxation available to charities and no tax is Davable on the charitv's income. il Financial instruments The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Except for loans, creditors and debtors are measured al their expected settlement value (normally the amount of cash Ihat the charity expects lo pay or receivel- The charity recognises liabilities for the principal of those loans Ihat remains oulslanding at the year*nd {i.e. the liabilities exclude any interest chargeable on the loans in fulure years}. i) Exemption from preparino a cash flow statement The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow slalom8nl. hl Critical accounting estimates and areas of judqerngnt In preparing financial slalemenls certain iudgemenls. estimates and assumptions have to be made that affect the amounts recognised in the financial statements. The trustees consider the following to be sionificanl.. 11 The annual depreciation charge for property. planl and equipmertl is sensitive lo changes in the estimates for useful economic lif8 and r8sidual value. These estimalas are reassessed 3-5 yearly and, when necessarv. adiusted to reflect current Cifcumstances. ill The constructive obligation for grants payable 1$ based on an assessment of the likely duration of the supported aclivily. This estimate is Te-assessed annually and the obli9alion is adjusted to reflect Current exDectalions.