# **Trustees’ Annual Report and Accounts for the period January 2024 to December 2024** ## **Structure, Governance and Management** Kidderminster Baptist Church is governed by an Approved Governing Document known as the Constitution. Members of the Church are accepted in accordance with the Constitution which requires them to be or to have been publicly baptised on the profession of faith in Jesus Christ. Persons seeking membership who have not been baptised may be welcomed as Associate Members in accordance with the constitution and on the profession of faith in Jesus Christ. The members normally meet four times per year and have responsibility for the overall policy of the church. In accordance with the Constitution, the members appoint up to nine trustees, who together with the Minister, Church Secretary and Treasurer (who are also appointed by the Members), are responsible for the day to day running of the church’s work and witness, and the financial and legal aspects of the charity. All members are encouraged to take an appropriate part in the spiritual and practical tasks involved in the furtherance of the charitable objective. Relevant matters may be submitted to the Church meeting by the Trustees for guidance or may be raised by members in Church meeting for further consideration by the Trustees. The Constitution permits decisions to be made at Church meetings by appropriate majorities, the Church seeks to work by consensus wherever possible. ## **Safeguarding of Children and Vulnerable Adults** The Church considers Safeguarding an essential aspect within the life of the Church in all our interactions with the vulnerable. In addition, all leaders, or those who help with small groups or ministries which may include vulnerable people are required to be DBS (Disclosure and Barring Service) checked and undertake such training. Our Safeguarding policy is attached separately. ## **Objectives and Activities** The principal purpose of the church is the advancement of the Christian faith according to the principles of the Baptist denomination to include the advancement of education, community service and such other general charitable purposes in such parts of the United Kingdom and the world as the Church shall determine. To achieve the principal objective, which is set out above, the Church provides a variety of activities both to its membership and to the community generally. The aim is to show the love of Jesus Christ in both word and deed and to bring people into a closer relationship with Him as living Lord. Central to the work and witness of the Church is the provision of regular public services of Christian worship. These services take place each Sunday morning at 11.00 am. There are also occasional services at other times which are advertised on the Church Notice Board and on the website at www.kidderminsterbaptist.com. There is a full children’s programme during the morning services. The church seeks to be a friendly and welcoming community, and anybody is free to attend any of these services. The Church runs a series of small groups for the growth of faith and discipleship for members and attenders. It runs a weekly Toddler Group for the community and a youth group twice a month. Annual celebrations of Christian festivals take place and fellowship lunches are a regular occurrence. From time to time the Church runs courses for people in the community interested in discovering more about Christianity, i.e., ‘Alpha’ and it also runs courses to support those suffering from bereavement and a weekly Renew Hope Wellbeing space. The church has read the Charity Commission guidance on public benefit and is satisfied that the activities outlined above clearly demonstrate that the charity is providing a benefit to the public. 1 ## **Financial Review** During 2024 the Church generated funds of £95,718. Most of the funds were generated through charitable giving with the remainder comprising £16,058 in rental income and £12,750 in grants. The net deficit for the year was £7,793 with the general fund reporting a net deficit of £3,058 against a planned deficit budget of £3,542. For more detail please refer to the financial statements at the end of this report. ## **Reserves Policy** The church currently holds £76,895 in unrestricted and designated funds and £5,503 in restricted funds. The sum in the general fund is £66,562. It has in place a Reserves Policy to provide for any uncertainties to ensure that it will be able to continue operating if something untoward should occur. It should be noted that this will not necessarily allow the church to cope with extreme situations. ## **Risks and Reserve Policy Calculation:** |**Risk**|**Estimate**|**Level of risk**|**Value**| |---|---|---|---| |Major building repair|£20,000|Low risk|£5,000| |Manse boiler|£3,000|High risk|£2,250| |Church boiler|£20,000|High risk
|£15,000| |Roof repairs|£15,000|Low risk|£3,750| |Reduction in offerings|£10,000|Low risk|£2,500| |Reduction in hall hire income|£16,500|Low risk|£4,125| |Reduced interest on invested funds|£2,000|Medium risk|£500| |6 months wind down costs|£25,240|Low risk|£6,310| The level of the reserves policy has been agreed at **£39,435** based on the current financial profile. 2 ## **Structure, Governance and Management** ## **Governing Document:** Constitution **Organisational Structure:** Charitable Incorporated Organisation **Trustee Selection:** Elected by members of the charity. **Charity name:** Kidderminster Baptist Church **Charity registration number:** 1196300 ## **Registered Address** Kidderminster Baptist Church, Franche Road, Franche, Kidderminster, DY11 5BE. ## **Trustees** The Revd J Borlase (Minister) Mr A Whybrew (Secretary) Mrs P Fox (Treasurer) Mr C Lane (Resigned March 2024) Mr J Walton Mrs T Wheeler Mrs S Wolstenholme ## **Property Trustees** The Baptist Union Corporation Limited Baptist House, 129 Broadway, Didcot, Oxfordshire OX11 8RT ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** ## **Signed on behalf of the charity’s trustees** **Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date** 3 ## **FINANCIAL STATEMENTS FOR KIDDERMINSTER BAPTIST CHURCH** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDING 31 DECEMBER 2024** **----- Start of picture text -----**
Unrestricted Restricted Endowment
TOTAL FUNDS
Funds Funds Funds
Notes £ £ £ £
INCOMING RESOURCES
Donations and Legacies 2 64,833 10,000 74,833
Charitable Activities 3 17,905 240 18,145
Investments 3 2,740 2,740
Total Incoming Resources 85,478 10,240 95,718
RESOURCES USED
Charitable Activities 4 98,594 4,737 103,331
Governance Support Costs 180
Total Resources Used 98,774 4,737 103,511
Net incoming resources (before transfers) (13,296) 5,503 (7,793)
Fund transfers in 674 674
Fund transfers out 674 674
Net movement in funds after transfers 5 (13,296) 5,503 (7,793)
Total funds brought forward 84,688 0 577,786 662,474
Total funds carried forward 71,392 5,503 577,786 654,681
Represented by: 5
General (Unrestricted) 66,562 66,562
Children and Family Worker (Designated) 4,322 4,322
Children and Family worker restricted (Restricted) 5,503 5,503
Renew Wellbeing (Designated) 233 233
Hardship Fund (Designated) 275 275
Endowment Fund (Endowment) 577,786 577,786
**----- End of picture text -----**
4 ## |**2,024**
**2,024**
**2,024**
**Unrestricted**
**Restricted Endowment**
**Notes**
**£**
**Tangible Fixed Assets**
**6**
577,786
**Current Assets**
Cash
68,371
5,503
Accounts Receivable
4,030
**Current Liabilities**
Accounts Payable
1,009
**Net current assets**
**71,392**
**5,503**|**2,024**
**TOTAL**
**577,786**
**73,874**
**4,030**
**1,009**
**76,895**|**2,023**
**£**
577,786
0
82,171
3,627
1,109
**84,688**| |---|---|---| |**Net Assets**
**71,392**
**5,503**
**577,786**|**654,681**|**662,474**| |**Represented By:**
**5**
General Unrestricted
66,562
Children and Family Worker (Designated)
4,322
Children and Family worker (Restricted)
0
5,503
Renew Wellbeing (Designated)
233
Hardship Fund (Designated)
275
Endowment Fund
**6**
577,786||69,620
13,725
0
1,343
0
577,786| |**Net Assets**
**71,392**
**5,503**
**577,786**|**654,680**|**662,474**| 5 ## **Notes to the accounts:** ## **Note 1 BASIS OF PREPARATION** The accounts have been prepared under the historic cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. They have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) second edition October 2019 and with the Charities Act 2011. |||||| |---|---|---|---|---| |**Note 2 VOLUNTARY INCOME**||||| ||**Unrestricted**|**Restricted**|**TOTAL**|| ||**£**|**£**|**£**|| |**Donations and legacies**|62,083|0||**62,083**| |**Grants**|2,750|10,000||**12,750**| |**Total**|64,833|10,000||**74,833**| |||||| |**Note 3 CHARITABLE OTHER INCOME**||||| ||**Unrestricted**|**Restricted**|**TOTAL**|| ||**£**|**£**|**£**|| |**Investments (bank interest)**|2,740|0||**2,740**| |**Other income hall rental**|16,058|0||**16,058**| |**Other Income**|1,847|240||**2,087**| |**Total**|**20,645**|**240**||**20,885**| |||||| |**Note 4 CHARITABLE ACTIVITIES**|**Unrestricted**|**Restricted**|**TOTAL**|| ||**£**|**£**|**£**|| |**Ministry**|2,334|1,066||**3,400**| |**Mission**|4,253|3,672||**7,924**| |**Estate management**|23,540|0||**23,540**| |**Other**|68,467|0||**68,467**| |**Total**|**98,594**|**4,737**||**103,331**| 6 |**Note 5 BALANCE OF ALL FUNDS**||||||| |---|---|---|---|---|---|---| |||**Incoming**|**Resources**|||| ||**Opening Balance**|**Resources**|**Expended**|**Transfers**||**Closing Balance**| |**FUND**|**£**|**£**|**£**|**£**||**£**| |General (unrestricted)|69,620|77,878|80,936||0|66,562| |Children and Family Worker (designated)|13,725|4,625|14,028||0|4,322| |Children and Family worker (restricted)|0|10,240|4,737||0|5,503| |Renew Wellbeing (designated)|1,343|0|436||-674|233| |Garden works fund (designated)|0|2,700|3,374||674|0| |Hardship fund (designated)|0|275|0||0|275| |Buildings (endowment)|577,786|0|0||0|577,786| |**Total**|**662,474**|**95,718**|**103,511**||**0**|**654,681**| **----- Start of picture text -----**
Note 6 FIXED ASSETS - Endowment Fund
Assets C Church Building Manse Building Total
£ £ £
As at 31 December 2023 407,175 170,611 577,786
Additions
Disposals
As at 31 December 2024 407,175 170,611 577,786
Net Book value 407,175 170,611 577,786
**----- End of picture text -----**
The Church building is included in the balance sheet at historic cost of £407,175 because reliable cost information is not available. Formal valuation would incur significant costs that would be onerous compared with the benefit gained by the users of the accounts. Refurbishment and maintenance costs are met as required to maintain the useful life of the assets. Both the church and the manse are held in trust by the Baptist Union. Furniture or equipment is capitalised when the total purchase cost exceeds £15,000. As at the 31/12/24 the Church does not own or have use of any furniture or equipment above this value. ## **Depreciation** Depreciation has not been charged on the Church or the Manse premises because, in the opinion of the trustees the residual value of the assets is not less than the original cost price. 7 Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trustees "ddemiinster Baptist Church On accounts for the year ended 31° December 2024 Charity no 1196300 Set out on pagos 4t07 I re[￿ to the trustees on My examination of the accounts ofthe above charty rthe Trusf) for the year ended 3111212024. Responsibilities and basls of report As the charivs trustees, you are re¥rfMsible for the preparation of the accounts in aCCord￿ce with the requirements of the Charities Act 2011 (￿he I reF*J1 in respect of my examinatK*n of the Trust's accounts carried out under seCt￿n 145 ofthe 2011 Act and in carrying out my examination, I have followed all the applicable DirectM)ns given by the Charity Commission under section 145{5)(b) of the A£#. Independent I have completed my examination. I confinn that no material matters have examineV8 sLitement come to my attention in COnnect￿n with the examination which gives me cause to believe that in, any material resFeCt'. the accounting records were not kept in accordance wrth section 130 of Charrties Act" or the accounts did not accord with the accounting records; or the accounts did r￿1 Comp￿ with the applicable wuirements concerning the fom) and content of accounts set out in the Charities (Accounts and Rep)rts) Regulat￿n$ 2008 other than any requirement that the wiunts give a 'true and fair, view wh￿h is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in Gonneclion wrlh the examination to which attention should be drawn in this report in order to enable a woper understanding of the accounts to be reached. Signed: Namo: Mrs Anne Taylor Relevant professlonal qualificatlonls) or body (if any): CIMA Address: 1. TarnY(K)d Court Bames Chaddesley Corbett Tanwocrfj Lane Worcestershire DY10 4NT