## **REPORTS AND FINANCIAL STATEMENTS FOR THE 12 MONTHS YEAR ENDED 31[ST] DECEMBER 2024**
**HORNDEAN BAPTIST CHURCH CIO Charity Registration Number 1196172**
Page 1 of 11
**HORNDEAN BAPTIST CHURCH**
## **CONTENTS**
|**Page 3**|**Legal and Administrative Information**|
|---|---|
|**Page 4**|**Independent Examiner's Report to the Trustees**|
|**Page 5**|**Trustees' Report**|
|**Page 6**|**Statement of Receipts and Payments**|
|**Page 7**|**Statement of Assets and Liabilities**|
|**Pages 8 to 11**|**Notes to the Accounts**|
Page 2 of 11
## **HORNDEAN BAPTIST CHURCH**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**CHANGE OF STATUS**|This document covers the operations of the Church for the 12
months to 31stDecember 2024. Horndean Baptist Church
commenced operations on 1 April 2022 as a Charitable
Incorporated Organisation.|
|---|---|
||**Horndean Baptist Church CIO**|
|**START OF FINANCIAL YEAR**|1stJanuary2024|
|**END OF FINANCIAL YEAR**|31st December 2024|
|**CUSTODIAN TRUSTEE**|The Baptist Union Corporation Ltd|
|**MINISTER**|Reverend Sam Ackerman|
|**LEADERSHIP TEAM**|Judith Deeks
Rebecca Goulty
Elizabeth Knell
Adrian Rodgers|
|**GOVERNING INSTRUMENT**|The church is governed by its own constitution and rules as
approved at the church members' meeting|
|**OBJECTS**|The church's aim shall be to serve as the body of Christ in order
to extend the Kingdom of God and glorify his name. In pursuing
this aim its objectives shall be to:
• Worship and pray.
• Evangelise at home and abroad.
• Nurture Christians.
• Unify membership.
• Encourage and equip the congregation for Christian
service in the church and community.
• Give pastoral care.
• Support social action at home and abroad.
• Relate to Baptists and other Christians generally as
positivelyaspossible|
|**CUSTODIAN TRUSTEE**
**ADDRESS**|PO Box 44
129, Broadway
Didcot
Oxfordshire OX11 8RT|
|**CORRESPONDENCE**
**ADDRESS**|215 Catherington Lane
Horndean
Waterlooville
Hampshire
PO8 0TB|
|**PRIMARY BANKERS**|CAF Bank
25 Kings Hill Avenue
Kings Hill
West Mailing
Kent ME19 4TA|
|**INDEPENDENT EXAMINER**|Mr D Woods|
Page 3 of 11
## **INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS**
Report to the trustees/ members of Horndean Baptist Church on the accounts for the year ended 31[st] December 2024 set out on pages 6 to 11.
## **Respective responsibilities of trustees and 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 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
- Examine the accounts under section 145 of the Charities Act,
- Follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
- To state whether particular matters have come to my attention
## **Basis of independent examiner’s statement**
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘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 which give me cause to believe that in, any material respect:
- Accounting records were not kept in accordance with section 130 of the Charities Act; or
- The accounts do not accord with the accounting records
I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## D Woods
D Woods Date: 3 February 2025
Page 4 of 11
## **HORNDEAN BAPTIST CHURCH**
## **TRUSTEES REPORT FOR THE YEAR ENDED 31ST DECEMBER 2024**
The Church aims to work with God in bringing his Kingdom through worship and witness, whilst providing pastoral care to those within the Church and expressing social concern to the wider community. 2024 was an anniversary year for Horndean Baptist, celebrating 40 years since its founding. The celebration of the 40 years culminated in a Fun Day celebration for the community which over 200 people attended. The church also adopted a new website and CRM which is continuing to be built and developed so it can be used in other areas of church life.
## **Close to God**
HBC continued to provide opportunities for people to deepen their relationship with God and build their spiritual practices. The weekly prayer meeting continued on Mondays, despite a brief intermission when it was looking for a new venue. There were also opportunities to gather at the fort-monthly (once every two months) prayer and tea event combining food and the opportunity to pray together. The church also joined with the Churches Together in Horndean and Clanfield to run monthly prayer breakfasts and Pentecost 24/7 prayer room, which built ecumenical relationships as well as deepening connection with God.
## **Open Hearted**
The church continued to be incredibly generous with members giving to support its work and the work of other charitable causes, giving away £10,498 this year (excluding Food Bank expenditure). The church has also agreed to support the work of King’s Arms as they start youth work in Horndean.
## **Outward Looking**
The church continues to be a part of the Baptist Union of Great Britain, Churches Together in Horndean and Clanfield and supports BMS World Mission, Enable the Children and Home for Good. The church also works with Horndean Junior School and Horndean Technology College, with the Minister taking acts of worship, teaching lessons and running after school clubs. The Church has also entered into a partnership with the King’s Arms, a Christian youth charity who wants to start some youth projects in Horndean. The church’s Food Bank continues to be used regularly and was able to provide 80 Christmas hampers for local families due to the kind donations of the local community.
## **Living Lightly**
We continue to try and recognise the limits of what we as a church are able to do, both in terms of the availability of our staff, members and attendees and our resources.
The church gained two members and lost four (two dying and two moving to a new church) and has seen a number of new people come and join us as regular attendees.
## **Trustees' Responsibilities**
The Charities Act 2011 requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the trust and of the surplus of the trust for that period. In preparing those financial statements the trustees are required to:
- Select suitable accounting policies and apply them consistently
- Make judgements and estimates that are reasonable and prudent
- Prepare financial statements on the going concern basis unless it is inappropriate to presume that the trust will continue in existence
The trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the trust. They are also responsible for safeguarding the assets of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Trustee on the: 3 February 2025 Signed on their behalf by Trustee: A Rodgers Print Name: A Rodgers
Page 5 of 11
## **HORNDEAN BAPTIST CHURCH CIO**
## **STATEMENT OF RECEIPTS AND PAYMENTS**
## **FOR THE 12 MONTHS ENDED 31ST DECEMBER 2024**
|**INCOMING RESOURCES**
Voluntary Income
Investment Income
Other receipts
**Total Receipts**
**RESOURCES EXPENDED**
Charitable Activities
Governance Costs
**TOTAL PAYMENTS**
**Net incoming/(outgoing)**
**resources**
Balances brought forward (see note
below)
Transfers between funds
**BALANCES CARRIED FORWARD**|Unrestricted
Funds
Designated
Funds
Restricted
Funds
**Total**
**2024**
**Total**
**2021**
77,506
0
3,650
81,156
67,267
000
00
000
000
2,912
0
0
2,912
11
0
0
0
0
0
0
0
0
0
0
0
80,418
0
3,650
84,068
67,278
74,774
0
2,174
76,948
47,430
0
0
0
0
0
0
0
0
0
0
0
74,774
0
2,174
76,948
47,430
5,644
0
1,476
7,120
14,261
0
0
0
0
0
97,417
34,948
3,110
135,475
81,486
0
0
0
0
0
0
0
0
0
0
0
0
0
0
103,061
34,948
4,586
142,595
95,747|
|---|---|
The notes on pages 8 to 11 form part of these accounts.
All operations are continuing operations.
Page 6 of 11
## **HORNDEAN BAPTIST CHURCH CIO**
## **STATEMENT OF ASSETS AND LIABILIITIES**
## **AS AT 31ST DECEMBER 2024**
|**FIXED ASSETS**
Tangible Fixed Assets
**Total Fixed Assets**
**CURRENT ASSETS**
Cash at Bank and In Hand
**Total Current Assets**
**NET CURRENT ASSETS**
**TOTAL ASSETS**
**Represented by**
General Funds
Designated Funds
Restricted Funds|Unrestricted
Funds
Restricted
Funds
**31-Dec-2024**
**Total**
**31-Dec-23**
**Total**
£
£
**£**
**£**
-
-
-
-|
|---|---|
||-
-
-
-|
||138,010
4,587
142,597
135,477|
||138,010
4,587
142,597
135,477|
||0|
||138,010
4,587
142,597
135,477|
||0|
||138,010
4,587
142,597
135,477|
||103,062
0
103,062
97,418
34,948
0
34,948
34,948
0
4,587
4,587
3,111|
||138,010
4,587
142,597
135,477|
## **TRUSTEES RESPONSIBILITIES IN RELATION TO FINANCIAL STATEMENTS**
Charity Law requires the Trustees to prepare financial statements for each financial year which comply with the regulations set out in the Charities Act 2011. The Trustees have elected to take advantage of the provisions that apply to small charities and have prepared a Receipts and Payments Account and Statement of Assets and Liabilities which are set out on pages 6 to 7.
Approved by the Trustee on the: 3 Februry 2025
Signed on their behalf by Trustee: A Rodgers
Print Name: A Rodgers
Page 7 of 11
## **HORNDEAN BAPTIST CHURCH CIO**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31ST DECEMBER 2024**
## **Basis of Preparation**
The financial statements have been prepared on the receipts and payments basis of accounting in accordance with the Relevant Charities Acts and guidance from the Charity Commissioners.
## **1. ACCOUNTING POLICIES (continued)**
## **Incoming Resources**
## **Recognition of Incoming Resources**
These are included in the Statement of Financial Activities (SOFA) when cash is received.
## **Grants and Donations**
Grants and Donations are only included in the SOFA when cash is received.
## **Tax Reclaims on Donations and Gifts**
Incoming resources from tax reclaims are included in the SOFA when cash is received.
## **Contractual Income and Performance Related Grants**
This is only included in the SOFA once the related goods or services have been delivered.
## **Volunteer Help**
The value of any voluntary help received is not included in the accounts but is described in the trustees' annual report.
## **Investment Income**
This is included in the accounts when received.
## **Expenditure and Liabilities**
## **Governance Costs**
Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advice to trustees on governance or constitutional matters.
## **2. TANGIBLE FIXED ASSETS**
The church has no Fixed Assets.
## **3. INCOMING RESOURCES**
|a) Voluntary Income
Gifts and Donations
Gift Aid Tax Recovered
b) Investment Income
Bank Interest Received
c) Other Receipts
Sundry Income|Unrestricted
Funds
Designated
Funds
Restricted
Funds
**Total**
**2024**
63,689
0
3,650
67,339
13,817
0
0
13,817|
|---|---|
||77,506
-
3,650
81,156|
||2,912
-
-
2,912|
||2,912
-
-
2,912|
||-
-
-
-|
||-
-
-
-|
Page 8 of 11
## **4. RESOURCES EXPENDED**
|**a) Charitable Activities**
**Ministerial and Staff Expenditure**
Stipends and salaries
Employers NIC
Employers pension contributions
Preaching fees and expenses
Telephone/broadband
Travel and subsistence
Events
**General Expenditure**
Hall rent
Insurance
Payroll processing
Post/stationery
Books/Materials/Consumables
Equipment and repairs
Training/Conferences/Subs
Outreach
Sundries and miscellaneous expense
Professional fees
Capital items
**Giving to others**
Enable the Children
Baptist Missionary Society
Home Mission Fund
Food bank
Home for Good
Other (Various appeals & misc)
**b) Governance costs**
Independent Examiners Fees
Legal fees re CIO conversion
**5. DESIGNATED FUNDS**
Building Fund|Unrestricted
Funds
Designated
Funds
Restricted
Funds
**Total**
**2024**
**Total**
**2023**
42,048
-
-
42,048
27,427
0
-
-
0
0
4,336
-
-
4,336
2,567
0
0
0
0
-
-
0
0
0
-
-
0
74
1,678
1,678
0
00
00
00
7,810
-
-
7,810
6,379
381
-
-
381
392
0
0
213
0
-
-
0
0
0
-
-
0
0
273
-
-
273
3,943
1,784
-
-
1,784
1,216
0
-
-
0
0
4,765
-
-
4,765
3,454
1,200
1,200
1,325
0
-
-
0
0
000
0
0
2,340
-
-
2,340
5,120
2,520
-
-
2,520
3,484
2,320
-
-
2,320
1,998
0
2,174
2,174
699
1,480
-
-
1,480
1,300
1,838
-
-
1,838
100
00|
|---|---|
||74,773
-
2,174
76,947
59,691|
||0
-
-
0
0
0
0
0|
||0
-
-
0
0|
||Balance
1 Jan 24
Income
Expenditure
Transfers
Balance
31 Dec 24
34,948
-
-
-
34,948|
||34,948
-
-
-
34,948|
The designated funds are wholly represented by the Charity’s cash reserves. It is the Charity’s current intention to expend them as designated above but the Trustees retain the right to expend them for general charitable purposes if required.
## **6. RESTRICTED FUNDS**
|**6. RESTRICTED FUNDS**||
|---|---|
|Food bank donations|Balance
1 Jan 24
Income
Expenditure
Transfers
Balance
31 Dec 24
3,111
3,650
-2,174
0
4,587
0|
||3,111
3,650
-2,174
0
4,587|
Restricted funds relate to donations specifically made for Food Bank purposes.
Page 9 of 11
## **7. CASH AT BANK AND IN HAND**
|Current Accounts
Deposit Accounts
Cash in Hand
**Total Current Assets**|Unrestricted
Funds
Restricted
Funds
**TOTAL**
**31 Dec 24**
**TOTAL**
**31 Dec 23**
4,882
0
4,882
6,788
133,128
4,587
137,715
128,689
0
0
0
0|
|---|---|
||138,010
4,587
142,597
135,477|
## **8. TRUSTEES AND OTHER RELATED PARTIES**
The custodian trustee of the church is the Baptist Union Corporation Limited which is a registered charity (number: 249635), and which is controlled by the Baptist Union Council. The church is also a member of the Baptist Union of Great Britain.
During the financial year the Church made the following gifts to others in furthering the Charity's objects:
|**Recipient**||
|---|---|
|Enable the Children|£2,340|
|The Baptist MissionarySociety|£2,520|
|The Baptist Home Mission Fund|£2,320|
|Home for Good|£1,480|
|St Judes PCC|£1,000|
|Other|£838|
|Total|£10,498|
The above excludes expenditure on the Food Bank which was funded from restricted donations.
During the reporting period the church made the following payments to trustees in furthering the Charity's objects:
Rev Sam Ackerman received £26,060 before tax in ministerial stipend and housing related payments
No other payments were made to the trustees or any persons/organisations connected with them during this financial period. No material transaction took place between the charity and the custodian trustee or any person/organisation connected with them.
No other payments were made to Elders, Deacons, Officers or any persons connected with the trustees of the church during this financial year, (other than reimbursement of expenditure properly incurred on behalf of the church). No trustees or persons related or connected by business to them has received any remuneration from the Horndean Baptist Church nor have they entered into any transaction, contract or other arrangement with the church during the year.
## **9. CAPITAL COMMITMENTS**
The church has no capital commitments.
## **10. RISK ASSESSMENT**
The trustees continuously assess the risks church faces covering the operational, business and financial aspects of the church. Where possible, systems, recovery plans and insurance have been put in place to mitigate the significant risks. The system of internal control over finances of the church should provide reasonable, but not absolute, assurance in safeguarding the assets of the church and the integrity of the accounting system.
## **11. RESERVES POLICY**
The trustees of the church have considered the level of reserves to retain that is appropriate, based on the level of financial commitments and the need for the church to hold sufficient free reserves to meet financial obligations. The trustees aim to ensure the church will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure.
Page 10 of 11
## **12. PUBLIC BENEFIT**
The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the trustees report. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
## **13. PENSIONS LIABILITY**
The Church was until recently a participating employer the Baptist Pension Scheme (“the Scheme”), which is a separate legal entity administered by the Pension Trustee (Baptist Pension Trust Limited). The assets of the Scheme are held separately from those of the Employer and the other participating employers.
The Scheme, previously known as the Baptist Ministers’ Pension Fund, started in 1925, but was closed to future accrual of defined benefits on 31 December 2011. Prior to this date the main benefit provided through the Defined Benefit (DB) Plan was a pension of one eightieth of final minimum pensionable income for each year of pensionable service together with additional pension in respect of premiums paid on Pensionable Income in excess of Minimum Pensionable Income. Since 1 January 2012, benefits have been provided through a Defined Contribution (DC) Plan.
The Scheme’s Trustee and its advisers have been working to fully transition the responsibility for the DB Plan benefits to the insurance company Just Retirement Ltd (“Just”). This has involved extensive work to transfer data to Just, to finalise the benefits payable to members and to make the final premium payments.
The DB Plan benefits have now been transferred over to Just as of November 2024 and members provided with welcome packs and individual policies from them. This part of the process is known as moving to “buy-out”.
Just is now legally responsible for paying the DB Plan benefits and the Scheme’s Trustee will be discharged from any further responsibility in relation to the DB benefits of members and their beneficiaries. The Trustee and the Baptist Union formally triggered the wind-up of the DB Plan with effect from 31 March 2024 and there are a number of tasks to complete before the DB Plan can be wound-up. The Trustees currently expect the wind-up of the DB Plan to be completed in the first half of 2025.
Page 11 of 11