Ch*rl¢y rtglstratlon number 1196365 {Englind And WAle51 P0ER STREET BAPTIST CHURCH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
POTTER STREET BAPTIST CHURCH LEGALAND ADMINISTRATIVE INFORMATION Trustees Rev. A.M. TayltsT- Minister M.H. Hollingswonh C.J. Rowe M.J. Gardner- Trc&suTer B. Carroll C.N. Row¢ SJ. Mitchell Ircsigned 15 April 20241 P.M. Jenkins- Secretary A.L. Bellworthy M.J. T¢w D.H. Thoma5 M.R. Kitson P. Cle {appoinied 17 April 20241 K. Akym)ng-Aye (appointed 17 April 2024} ChHrity number 1196365 Princii)Al address Poller Sireei Ba*$[ Church 98 Potter Street Chapel Lane Harlow CM179AW Independent examiner HB Accountants Plumploll House Plwnpton Road Hoddesdon Hertfordshire ENII OLB JIAnkers Barclays Bank plc 14 The Water Gardens Shopping Centre Harlow CM20 IAN
P0ER STREET BAPTIST CHURCH CONTF,NTS Page Trustee5' rewbrt Independcnt examinerf5 reix>rt Stalement of fjnancial acttvities Balan¢¢ sheet Notes io the financial STements 7- 15
Po[R STREET BAPTIST CHURCH TRUSTEIS, RFPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Iruslees present their annual report and financial $ements for the year ended 31 December 2024. The financic11 siaiements have been prepared in accordance with Ihc a¢tounling policies sel out in note I to ilie financial staiem¢nts and comply with thc church's trust deed. Ihe Charilses Act 2011 and 'Accouniing and R¢portiJig by Charilies: Siateinent of Re¢ommended Practice applieable lo charities PTeparing their ac¢ounts in a¢¢ordan¢e with th¢ Financial Reporting Standc1rd appli¢ablc in the UK and Republic of Ireland {FRS 1021" (eifective l January 20191. Objectives and a¢tbvltlts Tl)e primary piirpose of the church remain5 as preVi(S7Y stated, ie the advan¢emen¢ of the chr1sti foith according to ihe principles of ihe Baptist denominatiorh Ithc Bapt15t Union ofGTeat Bri¢ain- BUGBI. The ¢hur¢h moy also support educational nd pastoral iniiialives and carry Out other charilable purposes both at home and abroad, as propDs¢d by the diaconAte and approved by th¢ membcrship. The tnJslee5 have paid due regard to guidance issued by Ihe Ch8rity Commission in deciding what a¢itvities the church should undertake. The pritnary purpose of ihe ¢hurch remains as pr¢viously slated. ie the advancement of ihe christi faith according to the Principles of the Baptisi denomination Iihe Baplisl Union of Great Britain - BUGBI. The ¢hur¢h may also support educationgLI and pastoral initiatives 11 nd carry out other ¢haritable purposes both at home and abroad. as proposed by the diaconate and approved by the membeiship. The irllsiees have paid due gard to guidance issued by the Charity Commission in decidin8 what activities the church should underiake. The church off¢rs a wide rdnge of opportunitie5 and activities from Monday io Sunday. OUT main s¢Ni¢e i5 at I lam on a Sunday morning with varied style5 of worship and enthusiasiic singing. ably sup]x)rted by our worship group musicians. We liave a cre¢he for babie5 and loddler5' Junitsr Church for age ranges 5.1 I. and orkoUt. for se£ondary school a8elyoung teens. Membership of our bÈble study gTOUPS is steady. and ladies. rn¢)nthly prdyer breakfast is well attended. Monday craft club numbers have increased again. Our community oulreach project Drop In is well attended o Wedne5day5. A5 well as games, cralls and refreshment& ihere is plenty of time io socialise and opportunilies to get pra¢tical help. TIi¢Te is a Ladies. Keep Fil Club on a Thursday evening. Girls Brigade and Boys. Group continue weekly driTh8 terni time. Messy Church is held rnonthly ftsT lMary age ¢htldrcn Iwiih a paTent tsr carerl. At (he end of each haift¢nn holiday we have holiday club. with a 34lay event ai the end of ihe summer holiday.
POThER STREET BAPTIST CHURCH TRUSTFfs' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 A¢hieven]cNt$ #nil perform#ne¢ There were ihree Imptisms diiring 2024 and 13 new Mcmtr were welcomed into cliurch membership. Two weddings and a blessing look place. There was a dedication service in November and a baby blessing in Mareh. Rev Taylor regularly 0[ClateS at fiinerals boih held in our chapel and some al the local cemelerylcrematorium. The Church was involv¢d in th¢ Ial Walk ofwilness on G(KMI Friday. The night before. Maundy Thursday. a TenebTae service was held. On Easter Saturday a fund-rdising lunch w&s held to 5UPPOrt the Fountain of Peace charity. At the ¢nd of May we celebrated the 30th anniversary of the establishment of Church Lan8ley Church with a service ol Iliaiiksgiving al CLC. Iii Novembcr, craft club joined forces with our Girls Brigade to pui on a sale ofworklchristmas Ftyre. GB were raising funds to 5llPPOrt Il)e company. Craft club raised £955 which was split beiwttn the Fountain of Peace Charity and club funds. Youth work.. Our CYF worker works Closely wilh all our exisiing young people's groups and be¢xme centrally involved in Boys, GTOIJP. introducing a new progTamme and leading new iniliatives for our young Ople and those at Chur¢h Langley Church. A groiip of young people went for an "indiK)r camp- ai Shoeburyness Baptisi Church over (he early May bank lioliday. and siniilar indoor ¢atnps have been held ai Pot¢er Si. Links are being esiablished with local primary schwls. We now liave a yOLlth group for Secondary age ¢hildTen Thai Sunday Nighi Thing. They meei ali¢ma(¢ly at Potier Si and Church LaJi8ley Church. mm Inv Support For Stght group enjoy coming to our coffee morntng on the 2nd Tuesday of the month. The rollowing i111end Drop In on Wednesdays riOdiCally.. advisers from Harlow community hub. and a chiropodi51 and hairdresser o(Ter appoiniinents ai reasonable raies. We riin a Tols@Play for b8bies. t(Mtdlers & pre-sch(xJl age children with ilKir parentslcarers on a Friday morning which is very popular L2nd has a wailing list. Local Alcoholics Anonymou5 and Gamblers Anonym0115 groups meet here weekly. We collect food items for Harlow Foodbank all year round and also donate the gifts from our Harvest festival. In Aiigiist a divers¢ group of 25 members aThd our eommunity travelled to Torquay for a week's self-catering holiday. Every one had a great linie of felloivship. Churcli Langley Brownies and Rainbows conlinue to meet in our premi5e5 on Monday and fuesday evenings during teim time. Very good relationships have en built up with the gir15 joining us for HaTve5t Festival, ReTnembrance Sunday and Chrisimas services. The Neiv Editions Choir prescnlcd coneerts in our hall in June December. These are excellent Frformantes and are well atlcnded by the Community as well a5 church member5. In December a ItKal pritnary School year gTOUP came fo us for a Chri$tingle serviee. This has bec0C a tradition as they enjoy tt so Iniicli. For Ilie second year in succession in December we were delighted to present a pantoniitne - this lime Snow White. Ajioilier great sueeess and hu8e team effort which rdised a lotal of £2.792 which was split equally between ihe Fountain of Peace cliarity and PSBC funds. Procttds from the sale of refreshTnents were donated tts our local St Clare's Iqospice. Another Christian fellowship gmp - G(xi's Tabemacle In(ernaiional Minisiries- makes use of our chapel for worship on a Siinday afteTnooll. brie grnund5 I'he giroLinds are maintained by a chiirch working parfy Ihai gatheTS monthly during the SPTinglsummer io keep our gardens neat and altractivc. Two deacons lake the lead on day lo day maintenance and liaise wilh Professional contractors on larger projects. oilier deaconslmeinber5 assist with job5 Whe they have the relcvant ski115et. We continue to be guided by the recojnniendalions iti oiir quinqucnnial premises in5peclion rert. Our application to replacc four wodet) s&sh windows on the ground floor of the chapel wa5 rejecled by ihe local Planning Dcparlmcnt and our appeal failcd. therefore extensave repair5 and redecoration took place in the sumtncr. Pofholes in Ihc Car park were fill¢d in and small areas were re-surfaced. All statutory system ¢he¢ks werc dealt wiih. eg firc extinguisher5. hcaling coritrols. portable appliances. Whercver possible light bulbs liave becn replaced wilh LED fjttings to save energy. All users of the premises are reminded not to waste eneTgy.
POTTER SI'REE'f BAwfisT CHURCH
TRIIS'I'EES, RFPOR'f (CONI'INI IED)
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POTTER STREET BAPTIST CHURCH INDEIJENDENT EXAMINER'S REPORT TO THE TRUSTFF.S OF P0ER STREET BAPTIST CHURCH I r¢porl 10 th¢ Iruslce5 on my examinfttion of the fJn#ncial ststements of Poiier stet Baptisi Church {the church) for the year cnded 31 Deecmber 2024. R¢$pon$ibilitl¢s Ind bAsls of report As the truslces of the church you are resw)nsible for the preparnion of the financial statements in acrdanCe with the re911iretnenls of the Cliarilies Act 2011. I report in SpeCt of my examination of the church'5 firhancial staternent5 carried out under section 145 of the Cliarilics Act 201 l. In carrying out my examination I have followed the DiTeCtiorhs given by the Charily Commission under se¢tion 14515llbl of the Charities Act 201 Indtpenilent ¢x#mln¢r'$ Statement Yoiir Lgiicntion is drawn to thc fact that the charity prepared the financial siaiements in a¢¢ordance with the relevant version of the Siaiement of Recommended Practice applicable to chariti¢5 preparing their firkan¢ial siatements in accordance with the Financial Reporting Standard applicablc in the UK arkd Republic of Ireland IFRS 102) in PTeferentt to ihe A¢¢ounling and Reporting by Charities.. Statement of Recommended Practice 15sued on l April 2005 which is Teferted lo tn the exlaTht regulaiions but has now be¢n wiihdrawn. l understand Ihal this has been done in order for the financial siaiemenls lo providc a true and fc1ir view in a¢¢ordanc¢ with UK Generdlly Accepted Accounting PrACti¢e. I have Completed my examination. I confimi thai no matters have come to my attention in connection with the examination giving nie Caiise to believe Ihai in any maierial reSet= accoiinting records were not kept in respect of the church as required by section 130 ofthe Charilies Act 2011. the fjnancial 51aletnenlS do not accord with ihose records; or the finc1ncicl1 siaiemenis do not comply with the applicable requirement5 concerning ihe fom) and cmtent of flnancial siaiements sel out in the Charities (Accounts and Report51 RegulalLOll5 2008 other than any Tequirement that th¢ financial Slcltemenis give a Irue and fair view. which is not a malter considered as part of an independent examination. I littve no concerns and have Come across no other matters in eonnection with thc examination to which attention should b¢ draw* in this report in o¥dei to enable a proper understanding of the financial slalcmenls to be reached. IIB Accountan15 28 Plutnpton l-loiise Pliimpion Road Hoddesdon Hcrtford5hire ENII OLB Dale.,
porrER STREET BAvfisT CHURCH STATF,MENT OF FINANCIALAcfiviTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Ciirreni fin#nci#l yeAr Unrestricte funds 2024 Re5tritted funds 2024 Total Total 2024 2023 N•le$ Donatioiis and legaeits 110,315 27.047 1,148 111.463 27,047 9,460 716 107,871 40,260 5,619 907 Other trading activilies Inveslments 716 Totil income 147.538 1.148 148.686 154,657 ChAiitable activities 158,317 159,435 120.984 Net {expen(litureyincomt for the yearl Net {oiitgoingyin¢omlng resources (10.779) 30 110.7491 33,673 Otli¢r r¢eogni$ed gains losses RcvL2lualion of tangible fixed assets 99.985 99.985 252,746 iyet movement In fund$ 89.206 30 89.236 286,419 Fund balances at l January 2024 3,220,942 20 3,220,962 2.934.543 Fund balan¢¢s at 31 De¢¢mb¢r 2024 3.310.148 50 3.310,198 3,220,962 The stcltement of financial activiiies includes all gains and losses recognised in the y¢ar. 'riie 5tateillent of financial activities includes all gains and lossts recognised in the year. All income and expenditure derivc from coiitiniiing activities.
I>O"I"I'ER s'r4 ET BAPTIST CHURCH B,ILAINC.'r.SllEEIT A,S'A T.11 DFCEivTrfR 211?4 2024 2023 rixeil u5set5 14 ?.1?S.fKIl Currrnt:1%s¢ts 7.(17R L'il%h d11 h•iik- Iiid iii Iwud $%..iCJ5 ltsq,ty75 C.rciltt(Tri'i: fMIIiTtu IIMI. TrAe 16 11(J.17i) (9.074) .NLlt ¢urrtiit.'l.44ibt¥ TorRI ascts le%8 turr¢nt lÈabiliTies -i.Ila.19& 1 1?O.lJfi? Tlit fund% of the chiirLh LillresiTlCtLUt 3.310.14X .1 ??1).94? .1,31V,11)X -1.1(1.()62 hl,J (iardnir 'rru¥i('e
POTTER STREET BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EIVDED 31 DECEMBER 2024 Accounting polleles CIIRrity informAtion Pollcr Street Ilaptist chh is a Charithble Trust. 1.1 Accolinling convention Thc financial slal¢nienlS have been prepared ith accordance with the church's trnst deed. the Charities Act 2011. FRS 102 'The Financial Reporting Slic n(lard applicable in ihe UK and Repllbli¢ of Ireland" I'FRS 102.1 and the Charilies SORP Accounting nd Reporting by Charities.. Siai¢m¢ni of Recommended Praclicc applicable to eharities prepaTing their a¢¢oiin¢s in accordance wi¢h ihe Finan¢ial ReportÉn8 Slandard applicable in the UK and Republic of I13nd IFRS 1021" letTective l January 2019}. The chyrch is a Public Benefit Entity as defined by FRS 102. The Church has taken advaniage of ihe provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financÉal stalemenls have departed from the Charilies (Accounts and ReJy)tts) Regulalions 2008 only to the exieni required to provide a true and fair viciv. This departure has involved following ihe Siatement of Recomjiiended Practice ror charities applying FRS 102 TatheT ihan ihe veision ofthe Sthiement of Recommcnded Practicc whicji is rcferred to in the Regiilalions but which has since been withdTawn. The financial statements are prepared in Sterling. which is the functional currency of ihe church. Monetary amounts in Ihesc fnanCIal statements are rounded to the neaTeSt £. The financial statements have be¢n prepared under the historic41 cost convention. modifjed to include the revaluation of rreehold properii¢s. The prin¢ipal ac¢ollntin8 txjlicies adopted are set out below. 1.2 Going eoneern Al the lime of approving the financial statements. the frustee5 have a reasonable expectatiort that the church has adequate resources ¢0 ¢ot)iinue in opcralional existence for the foreseeable future. Thus the trustees corttinue to adopt the going concern basis of a¢¢ouniing in preparing the financial slatetnenls. 1.3 ChAritAble fund5 Unreslricled furt(Is are availAble for use ai ihe dis¢reiion of the trustees in fUrtherae of iheir charitable objectives. ReslTlCted furtds are subject to specific ¢ondiiions by donors or 8rdiitors as to how they may used. The PUTposes and uses of the restricted fiinds are sei oui in Ihe t)oies 10 ihe financial stsiements. Endowment funds are subjed io specific condtlions by donors that the capital must be maintained by the church. 1.4 IrbCOtNe In¢ome is cOgnIsed when the church is Icgally enlitled to it after any perfoTrnance eonditions have been mel. the amounts Can be measured reliably, and it l5 probable that income will be received. Cash donaiions are Tecognised on receipt. Other donations are rectsgnised once the church has been notified of the don1c lion, unless performance conditions require deferral of the amount. InC0e tax recoverable in relation to donations re¢eived under Gift Aid or d¢eds of covenant is recogni5ed at the time of the donalÉon. Legacies are recognised on receipt OT oih¢rwise ifth¢ ¢hurch h&$ been notified of an impending distribution, the amoullt is known, and receipi is expecied. Irth¢ amounl is not known. Ihe Ic8aey is Ircaled as a contingent asset.
POTTER STREET BAPTIST CHURCH NOTES TO THF, FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting polieies leontinued) 1.5 Expen(liture Lxpendilure is recogthised oo¢e Ihere is a legal or ¢onstrn¢tive obligation to transfer econornic benefit lo a third party, il is probablc thai a Iransfer of economic benefiis will be required in setilement. and the amollnl of Ilie obligation Can be ieasured reliably. Expenditure is classified by activity. The eosls of each aciivtty are made up of thc total of direct eosts and 5haTed cosis, incliiding support costs involv¢d in undertaking each activity. Direct costs attributable lo a single activity are allocated directly io ihat aciiviiy. Shared eosis wliich eontribute to more tlian one activity and support C0515 which are not ailribuiable lo a single a¢livily are apporttoned kiween ihose activities on a basis eonsislenl ividi Ilie use of resources. Centnl siaff ¢osis are allocated on the basis of lime spcnl. and deprceiation charges are allocated on the portion of the asset's use. 1.6 Tanglble fixed gss¢ts Tangible fixed a55els are inilially measured ai cost and subsequently measured ai cosi or val[10, net of depreciation and any impairment Ios5¢S. Depreciation is rognISed so as to wriie off ihe cosi or valuation of assets less their residu81 values over their useful lives oil Ilie following bases: Freehold buildings The gain or loss arising on ihe disposal of an assel 15 detennined as Ihc difference between the sale preedS and th¢ carrying valu¢ of the asseQ and is recogni5ed in ihe Statement of financial activilies. 1.7 Imi)Airment of fixed A5setS At each Teporting end dale. the church teviews ihe ¢arryithg amoutjts of lis tangible assets lo delermine whether IIi¢Te is any indication thai those asseis have suffered an impairnieni loss. If any su¢h indication exists, the recoverable arnount of the asset is estimated in order to dermine ihe exienl of th¢ impairni¢nt loss lif any). 1.8 Cash n(l ea$h efjulv#leDIs h and cash equivalents include cash in hand. deposit5 held at C811 with bank5. Other short-lerffl liquid investmenls with original maturities of three months or Ic5s. and bank overdrdfts. Bank overdrafts are shtswll within IKJrrowings in current 1.9 fin#nci#l illstrument$ The Chiirch has elected 10 apply Ihe provisions of Section I I 'B&sic Financial Instrnments, and Section 12 '0th¢T Financial Instruments Issues, of FRS 102 lo all of its finan¢ial instrnments. Financial illslruments are recognised in ihe chur¢h's balan¢¢ sheet when ihe church becomes party to the contractual provi510ll5 of the instrument. FinAn¢ial assets and lic1bili¢ies are offsei. Iviih the nel amounts presented in the financial slatejneiits. when there is a legally ¢nfor¢eable tight to se¢ off ihe recognised amounts and there is an intention to seltlc on a net basi5 or to Tealise ihe asset and seiile ihe liability simultaneously. Basic fijiancial asset5. which include debtors and cash and imnk balances, are iniiially measured ai Iransaclion price including transaction eosls and are 5ub5eqiiently carried at amortised cost using (he effeciive intertsi n)ethod uiile5s the arrangetncnt constitutes a financing transaction. whert the ITansa¢iion is measured at ihe present value of tlie fuliire receipts dis¢ounted at a market rdtc of intercst. Financial asseis classified as Teceivable wiihin one year are not amortised.
poYrER STREET BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THI YE4R ENDED 31 DECEMBER 21124 Accounting polleles (contlnued) BnJicfi*iffiiicial liubilliie5 Basic financial liabiliiies. in¢luding Creditors at bank loans are initially recogni5ed at transaction price unless ¢h¢ aTran¥enient consitiuies a financing iransaclion. Ivhcre ihe debt inslrument is measured at the present value of Ilie future Pc1yn)en¢s discovnled at a market rdle of inlerest. Financial liabilitlC5 classified as payable witliin one y¢ar are iiol amomised. Debi instrum¢nls are 5ub5equently carried at amortised cost. using the effeciiye interest raie method. Trade creditors are obligations lo pay for goods or services ihat have been acquired in ihe ordinary course of operations rrom suppliers. Aniounts payable are ela5sified a5 current liabililtes if payment is due within one year or Icss. If not. Iliey are pr¢sented as non-current liabilitie5. '1'rade CTedtiors are recognised inilially ai wansaction price and subse9uently measured at amortiscd c05t using the effective inierest method. DerecoRiilllnii tsffinoiiclol Ilubllllies rinancial liabilities arc derecognI5 when the church's coniraciual obligaiions expire or are discharged or cancelled. 1.10 Fmiiloyte b¢n¢fits Thc cost of any uniised holidAy entitlemeni is recognised it) the period in which the employee's servi¢es are Teceived. Terniination benefit5 are rectsgrtised immediately as an expense when Ihc chur¢h is demonslrdbly ¢omJnitted to lertninate th¢ employment of an employee or to provide teTrnination benefils. 1.1 l Retlrement benefits Payments to dcfined contribution retireTncnt benefii schemes are charged as an expense as they fall due. CritleMI aeeountlng estimAt¢s And judgements In ihe applicaiion of the ¢huTeh's accounting polieies. the tn]stee5 are required to tnake judgements, esiimal¢s and assiimpiions abollt the ¢arrying amount of as5et5 and liabilities that are not readily apparent from other sources. The estiniÉiies clnd asstti1c led assumpiions are based on hislorical experience and other factor5 that are considered to bo relevant. Actual results may differ from these estimates. The esiimaies and underlying assumpltons are viewed on an on80ing ba515. Revisrons to accounting estimates are recognised in Ihe period in whi¢h the ¢5timate is rcviscd ivhere the revision affects only that peri(¥J. or in the PCTiod of the revision and future peri15 ivh¢re the revision affects Fx>th cUt and fulurc periods. Donntions And legacies Unrestritled rund5 2024 Restricted funds 2024 Tolal Unrestricted funds 2023 ResiTicied runds 2023 Total 2024 2023 Donatiot)s and gifts Gift Aid tax Other donations 82.076 14,528 1,148 83224 14,528 87,622 14.469 3.600 2,180 89.802 14,469 3.600 110.315 1.148 111.463 105.691 2,180 107.871
P0ER STREET BAvfIsT CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) roR THE YEAR ENDED 31 DECEMBER 2024 ChArii#blt xetiwities 21124 2023 A¢livtties and events 27.047 40,260 Other trAdiNg #ctivitits 2024 2023 Hall leiiings 5,619 Invtsimtnts 2024 2023 Inlercst receivable 716 907 10-
POTTER STREET BAPTIST CHURCH NOTES TO THf. FINANCIAL STATEME4 NTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 ChAritable attlVLties 2024 2023 Stafycosls Rciit and council lax Ligh¢, he1c ( and waier Insurancc Cleaning and gardening 65.785 9.331 12.871 3,487 2,(M)2 43.345 9.296 7,758 3,409 2,820 k- li Re]k1irs and maintenance Telecomms and computer expenses Travel Aciivities and events yoth and cliildren's work Music and audio-visual Priniing. posiage and slalionery Leg¢il and professional fees Siindry cxpen5e5 23.910 1,995 5.024 16.351 243 1.646 569 1,744 1.767 4.034 27.224 94 1,342 413 2,093 1.786 2,137 145.462 107,125 Grant fundrng of #clivilies (see note 8) Shc1re ofgovernance ¢osls {see note 91 12,023 1.950 11.369 2,490 159,435 120,984 AnAlysis by fund Unreslricled fund5 Res¢ri¢ied funds 158,317 117,100 3,884 159,435 120.984 11
POTTER STREET BAPTIST CHURCH NOTf.s TO THE FINANCIAL STATEMENTS (CONTINUED) FOR TIIE YEAR ENDED 31 DECEMBER 2024 Grnnts p4yable 2024 2023 Grants to inslitution5'. Harloiv Food Bank Baptist World Mission Baptist Home Mission Sl Clare's Hospice Parki1150ns UK Harlow Community Men's Shed Streets 2 Homes Church Langley Youth STBBC Para¢lel¢ Christian Schi)ol Fountain Pcace 260 3,634 3.600 1.973 1.645 3.667 3,600 989 140 140 80 800 1.251 11.698 11,084 Grants to individuals 325 285 12,023 1.369 Support co$t$ Support costs Covernanet costs 2024 2023 Accountancy .950 1,950 2.490 1.950 1.950 2,490 Analy5ed IKtween Charitable a¢iivilies 1,950 1,950 2,490 Trustees Rev. A.M. Taylor. a ITUStee and the minister. was paid a salary of £29,339 12023: £28,485) in the year with pension contribution5 of £12.05512023.. £6.852}. Manse expethses paid in ihe year mlled £10,090 (2023: £9,921. 12-
POTTER STREET BAPTIST CHURCH NOTEI S TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 12 Employees 'rhe average monihly t)umber of employees during the year was: 21124 Number 2023 Number Minister Minister in Training DTOP-in C¢ntr¢ Supervisor Clec1ner Total mployment cosis 2024 2023 Wage5 and &qlaries Other pension costs 57.986 7,799 36,493 6.852 65.785 43,345 There were employees whose annual remuneration more than £60.000. EJ TAxAtion The ¢hariiy is exemp¢ from wation on its activities Ixcause all its income is applied for charitable purposes. 14 Tangiblc fixed a55et5 reehrjld C05t At l January 2024 Revaluation 3,125,061 99.985 At 31 December 2024 3.225.046 Carrying amount Al 31 December 2024 3.225.046 Al 31 December 2023 3,125.061 13-
POTTER STREET BAPTIST CHURCH NOTfi S TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Debtors 2024 2023 ArnDun15 fxlling dut wlthln one ye4r: Gift Aid IEL¥ debtor Otlicr debtors Prepayments and accrued income 3.994 1.718 1.250 3,821 2,639 1.213 6.962 7.673 16 Creditors: llmounts falling due withln ye4r 2024 2023 Oiher ¢iedilors Ac¢ru1c Is and def¢rred incom¢ 8,225 1,950 4.882 4.192 10.175 9,074 17 Rettremtnt benefit seheme$ 2024 2023 Define(I contributloll 5cherne5 Charge lo profjt or loss in respect of defined contribution 5chemcs 7,799 6.852 Th¢ church operdles 2 defined contribution pension scheme for all qualifying employees. The assets of ihe scheme are held separately from those of the church in an indepertdenily administered fut)d. 18 Restriete(I funil$ The restricted fiinds of fhe charity COTnprise Ihe unexpended balances of donations and gran15 held on trust subject lo specific conditions by donor5 ILS to how they tnay be used. At l January 2024 Re$ouretsAt 31 Detember expendtil 2024 rtsourees HaTlow Food Bank BMS World Mission St Cli1re's Hospice roiinlains of Peace 20 265 34 673 176 (2601 {341 1673) 25 25 20 1.148 50 14-
P0ER STREET BAPTIST CHURCH NOTF,S TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EIVDED 31 DECEMBER 2024 18 Restrlcted funds {tonlinued) Previou$ yefir: A¢ l Jg1111gry 2023 In¢omlng r¢sour¢es R¢soure¢sAt 31 Deeember ¢xpend¢ 2023 Harlow Food Bank BMS World Mission St Clare'5 1105pi¢e Harlow Community Men's Shed Slr¢cts 2 Homes Parkinson's UK 1.280 385 67 545 140 140 11,645) 1671 19891 11401 11401 I)3) 20 1.724 2.180 13,8841 20 19 AnAlysls of n¢¢ Assets between fund5 Unrestricted fund5 2024 Restricted fund5 2024 TotAI 2024 At 31 Decernber 2024: Tangible asseis Cllrreni aSsetlIlabl1lllCSI 3,225,046 85,102 3,225.046 85.152 50 3.310.148 50 3,310,198 Unrestricted fund5 2023 Restricted funds 2023 TotAI 2023 At 31 December 2023: Tangible a55els Current asseisllliabilitiesl 3.125.¢kn1 95,881 3,125,061 95,901 20 3,220,942 20 3.220.962 20 Re14?ted pnrly trAnsactions E. Bellworthy, Ihe ivife of one ofthe trustees, was paid a salary of £3,744 {2023.' £3,432) in Ihe yeAr 15-