Ch*rl¢y rtglstratlon number 1196365 {Englind And WAle51
P0￿ER 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. C￿le {appoinied 17 April 20241
K. Aky￿m￿)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

P0￿ER STREET BAPTIST CHURCH
CONTF,NTS
Page
Trustee5' rewbrt
Independcnt examinerf5 reix>rt
Stalement of fjnancial acttvities
Balan¢¢ sheet
Notes io the financial ST￿ements
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 d￿riTh8 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¢ I￿al 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 bec0￿C 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 re￿rt.
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)
F()R I'HE YE..IR EfvDET) 31 J)EC'EHIBFR 2024
rtvk
IVL LI)IlliniEL lil b¥jVL' Iliaiik% IliJt fondy arl Lll W￿111￿￿. -loLil iji£nm¢ li￿ Ilie VL'ar wtt% Ll415.(i¥fi. (vi￿￿11￿￿ I
£154.657 jji ?0?3.'1"hi¥ iv&% lo x diff¥Y¥*il. iliafg4 Cburih 1105idthJ. Toial LYPLnJilurL' wai £159,437. RL'pttirs w m
propcrty of n%'L'r £2?,QIKI )ntl an iiKtease itt eosts for oitdilimol niini41ry work. have been Im L*tr¢oJely ￿¥ll1VC
JO.IKIII Is in re5¢Thr ￿,11￿ ￿1¢ Bapiisi O'oio
llie LlityKh i% a ￿￿1￿￿er of Bapiisl lJllton of Great Briknin the FAstLYn t34911sl *lsso¢iBlion ILIIAI, wlio i%%uc guidA1￿C
aiiLI ITriiT)1518 all $￿11¢Ll%. 'The Ch￿rits is r¢Spoii4ih￿ fi>r drnwing lip 11% i)%Yn l￿115%111111ISil. %iJifiiiB IPPOjIIIIIILiil%, I11)I￿Y
I￿111)11alL I)L'ibpIL' In)11) Illi nJLJnbL'r%hip LO %Ltvi oil ihe ￿1￿Col￿11t Lor of Ill￿ yiws. DeacoJJs ii,J](LYL Lenn of uIli¢¢
K'xpirL'S nioy bL JI(bQ)i5&11ed to ￿'r1't li1rt1￿ luw vcaTS if Ihey ivillipg. CmTrniily IlK- iOllSlilllliOTh lapprn4uxl by weiJ)ber
l a %P¥¢liil ¢liiirih lield 4)n ?n& (ktol)ci. ?U?11 I111ows for llJL diaom-rtc l(1 LxiThipri%e a iiiayiiiiuin lif 12 lnliiil￿Tr. lThL'
djiicL>iinLL* nieLt% li￿17*171y. Llwrch mE'Jiiber% afl lield LVLW.I nKuJihs Ili¥, An•uJl (iL'iieral Mi'eiirib l)L'iirb 111 Ai?ril,
Ivknen Uie ats]ual ¢leCtiL￿ of dcacotLR trea¥￿[¢[ 5ecrewry lake pl&te. lil April 2024 Ibc followiiig I4*re LIccKTrd In the
diacanal¢'. Andv Tlellii¢)llliy. Lliri¥lot4iL'r IINYL. CvriM2
'h¢ fibllowinLI ￿.￿￿1•￿￿. l¥mll (IfoJfiLL will lrt AiJYil ry025.' Ilrtiiii Ciiiriill. J¥iikilly.
Miirray Kii¥uii aiicl Mik-L' TL?Iv. All li￿￿￿11ngg 111?nuiid by IliL s¢criluY. tre#%urei Is blnii GaThlner The SLLIL1￿ry is l)Ai
Jii)kin%. IIDili Il)LY pu>iIion% Loliii up fiir¥l¥C¢ID]i L'VCTI ￿.￿r.
'IlIL LliiirLli 14 IL￿ fiill Ii>#L hv Ill￿, AliuMI-Inylw ii.ho ]*tst for 12 ￿r¥. Ml. appoiiiied Mtb 4Druh h4ilrhLII &lS lull
litllE c￿ldren. Youlh & F'&ini1*5 N*urker tn April. This post Iwd been adi*ertised ovrr o >L'ar was R joini appoiniineiii
Iw¥lJ Cburch l.#nrpl¢s, Cluircli. Mrs hiikhell. a ftimKr priithary tk'puly dicaelK'r. i* a long-￿?￿di￿g IiiLniliif di I'oii¢i' willi
Illdnv yL'4II%' 4XIK'nin<x ufk*iili?Ig >1111lh ¥¥ark AIIL'r *)iiiL iiiiinili% iii PK%i, 10 oppli. lil IiLXI)iiIL a RLiusfiL¥¥d I.¢￿￿1
Minislir. %IIL' I1.￿$ llCCLpl¥xl Mkbhslet m TrJiuTrll& ciiursc by Jjopitsi Ak4£Kialivn m l)Cli)IKr. nilKr poid Iiw
IiiiiLI slDII'43rL.' Mix Ill'll￿'11rthy. nrnii In IL'nder; fvlr< Cliil&% cle#rt¢r aTrd Mrl ludwii. ￿￿15¥1¢1 ¥1¥-.l51¥r
S Iltrilili ' IIK. (Iwich ftllow% Ilw Ilapiisi lsiiipn uf tireal ljniain bTruI&.line¥. All 4•ft'. i¥aid iitsd
I￿l￿nu)ry. i￿e ￿)b￿cl io eThh￿￿ed Di%d05ure & Illlmng Setvice iteitiDg chcck. and attentl EBA ArTJl]Jvetuctrt5 11'ill
lye Tn'.Ide fi7T refre*liLr iji ?O?S. Alleacort is thL' dLsjOr￿i1Cd.*orc￿l1￿￿d1ll￿ Offi￿.[ [DP81111¢l inollk'r dL'I C(Ill b% Ihc JDII.8.
?Ql8. will is r¥&tsl¢r¥MI WIUI Ih¢ lJJlnniMli*￿ com￿15%10￿cl s <)￿lEc. &-Ile$uardirt!1 *1nd 11 poliiicb ￿.111 iK'
lkni%'icwcIi ¢hoinv@hlv iii 1025
-Ilie li￿%(￿￿$, N'pnn li'&% thpprv￿X1 l)y tlK JIt>ttDJol'.I￿<4eeS.
P.hq. Jthikiu

POTTER STREET BAPTIST CHURCH
INDEIJENDENT EXAMINER'S REPORT
TO THE TRUSTFF.S OF P0￿ER STREET BAPTIST CHURCH
I r¢porl 10 th¢ Iruslce5 on my examinfttion of the fJn#ncial ststements of Poiier st￿et 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 ac￿rdanCe 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 reS￿et=
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'r￿4 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 a*scts 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 ch￿￿h 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 I￿13nd 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 f￿nanCIal 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 fUrthera￿e 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. InC0￿e 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 r￿ognISed 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 pr￿eedS 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 de*rmine 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 peri￿15 ivh¢re the revision affects Fx>th cU￿t 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

P0￿ER 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
yo￿th 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-

P0￿ER 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 aSset￿lIlabl1lllCSI
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-