Central 8oPtist chUh ch510rd CENTRAL BAPTIST CHURCH CHELMSFORD FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
Cenlval Bapt18t ChuKh Chehnjfonl Contents of the Financial Statements for the Y•ar Ended 31 March 2024 Po90 R•port of tho TWIt* 14 Ind•p•nd•nt Examln•V• R•port stat•m•nt of Fln•ncl•l hthltl•• BJlJnGe Sh••t Nots• to th• Accounts 8.15 Contents
Central Baptlst Church CENTRAL BNPTISTCHURCH CHELIISFOIID REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 1024 Th8 Trust888 pr888nt Ihalr reput Ihe wdeperthty lh• ¢hMty lor ihe yeor end•J 31 Marth 2024. The Lruslees haye 8dcpt•d th8 prowison8 ol th• Sto1om•ni ol Recrrnerthj Pradic ISORPI"Attothting aNI R•pcrtlng by Ch8ritr8s' In wep8rtr¥J ¥nw•l rEpLYt ormj finwKial 8tatwnwts o1th6 dwity. The fandalslements hove be•n prepwed In tlth thE accoJthy policios Bet ITr notes to accwnts comply %•ith th? charill8 governlng do81, ch11&$ Ac1 2011 A¢cwntW 8Dd Repo by Charle5. Sl8tfjrnent of R•Cc4nmande Prncdce twlicut4• lo ch.?8 kY•pry Ih•"r 4cc4xdm ith Iho F8[ St04 Ic4ble lrt the UK and Rowtylt rl k•l•nd puWI8W In Octtknr 2019. The prtnGipal wrpo6e of the Churrth rema5 Ihw ¥arent ol the Chiian laith to LL% the 80 end acccrdthg to th? Inciple8 of the 8iW"t 4JerWninol. Wo seek to wshy GcJ. to moke saving in and Ihrough Chri$1 and lo encoury orvè anElh•r as to Ilvo fgrth day by thy. Sunday wship sevvices wmfiin al of tyjr We IBqeth8r and Inckjde spethe acth81 fcy chrfthen Church mfnb•r8 frfend$ •l•c mevt wl8rfy it lh• dwrch and in small groups In eath other's Iwes 10 St Iho WO d Noy l¢)g&thor. SLWrt on• arKrthw, and 9rowffi•nd&hW8 In a w•y thdt 61 ahKyi rthsible on SurJoys. Whll8t the 8pend log•thor Bre ImPr, it FB pwt Of1 s•ok to ¢h). fath mu8t al80 impoct on our dBy b) dBy Iwd and th• m•mt•m Irbends Ire acts lhrwJhr th• >w, mrI4 Gra'i bv• 10 thole wound thorn. One in Mek lo prnm¢Jte the Ctrfflsfian ia tho ph• c. Th• f•>Jrn• those th $had to 1¢orn at¢ the CA81S•n lahh lo do $0 tn 4 •rn1 tJrihr•aknty a rne¥. Th• Churth tthlnuad In Its suort ol i bro8d of fo¢01 4c115 kn and Chelrn8frrt Includir¥J a night tshetter •nd 8 ¢hlldren'¥ hogpi¢e. It 41$0 fin8noal WPF#y¢ to crth•r Glwlb88 th•t opw•t¢ nauonlllty Jmd OT¥88S where thelr trus ind oble¢Ovo 1$ In Iln? lIb ow purFW• cl •l¥tynorg falth. A¢hl•v•miTll• Ind p•rfonnane• The mhi•wrt•l tsam N¥$ grm in the htar. h•th t succe81 r•cNthw d • frjl Im• Amcthte Mlnilter, th¢ ¢onlnu•d support d the k15nisler4n.Trainino Th••¢ porManI 8tsfflng ml•s fjvped by th Nmber of vdunte8rs that proJe ihè breJd pa$lor•l $upwrt within tho CPoJffjh. arCh ILYa yrth & Woth8r LYthnLJS. A8 al April 2024, we wel¢orDed 35 new fflembors Into the C. SJ m•rT•ts $rrcornend0d to other chur(•s c re8igned thelr memrIp. Sodty. B membws dled rtrj th• 12 Mh$ lo 1 2024. MEmbDr¥hy Awl 2024 IB w 264. Church rn8mbs rwaty •100•] to etrrwnrt and engwe aYK1 in1w1)D8l our Church famlty Ife. Cr hom8 graup8 ar8 avaiL f¢Y Church mqfflbet5 Lo gel to knu eac (knr beitar, 10 6hara. h•rn •nd wow. #nd to prOe a kay part oftho past<AI #trudurè for th# clKrt memLr8hSp. The Chuth runs a popular o Yuuth •%J Cknldren'5 pycwme. Chwch ffj9ul#r and ¥wled acti¥e$ 8tlendeO by both young peotye wlthln the thurth arwj th• thur¢ fTmity. 80th Ihe cren'¥ grrojp and ttle Youth gP apln ran 8ucca&sftsl &ummw a¢DvHy Page 1
Can1 B•t Chuvch Chelmslonl CENTRAL BAPTIST CMLIRCH CIIELMSFORD REPORT OF THE TRUSTEES. FOR THE YENJI ENDED 31 IAARCH FlTh•nd41 r•vl•w The B8laoG8 Sheet pn be fDund page 7. Thij Sh Ihat al lh8 31 klyrth 2024 wi ass815 14w•, £538,707. RO$Br6 IGw•Aal •nd De8¥n8t•J Frs) totsled £1.392,412 and warnwrth'n tha p8r&moters dthe ReAenaB Pc4icy. The Churth 15 funded by sx4ur41ary 9ft5 Ir(xn it4 •wJ r4 sthl•nb¥ly depwdwrt on 0 8hgle ¥our¢e of GLYne. A further s(wc4 of fundkng 18 from inc ¥w¥¢t1 ty WirJ its FYerniJ¢s lo Ixal crynpanes and LYganisw¥ for meetlnos. Whlle • Muple ol tr Chwch'$ martstt hw• rnqukad io hse m15t8 af th• Church, tho88 h8v8 r8ni8d. rKowty 8r• rttend&J to be urAH Ilme th tsy arB to htt• o mlrastsr ol ¢he cTch. As wt ol Ihg ¢hwch's ¢wlw m•n•g•nvts r•wurc•s. lh• TnAt••s rnwnwn A of caPff •ts sho9 th6 poÈ8ibkn c08t and mirj cl r8placemonl and w accrrtance w¢h Reserv85 PJy. seek to retain fuThJs to meot the cos1 of rnajor mwt•nance r•qulrqd M th• buildityk and MplacTrvJ •QLAwMnt. Whtt• ra&br¥os Vestment into the mInty rrf tho churc r improv•rnenl& to Ih• ¢hJrch 8 A8É•t8 will ba CO108d. Pl•n hr th•firtuM wlgd• We hll and pray thol in tho cAffllng fftr. kn411 ttj 46 a dyjrch It•mY, 8nd w8>lulty, in •upp¢)rt 01•gth other. We con8 to renglh•n OUT g¢Jv?rnance stwclvrv in eArT9 th fvw wr kwJlb"es as 8 CIO lo thè thortUe8 ComMl&8len. Wo arn In regulWtb wlth th• BU ar•J adv• •nd nK•AS¥y or+ Ihtse mAtt•r. Cwtr4181ptlsi Ctturth. Chelmord w$ ctyvJtytuMd a• • CIO in Nmrnbv 20. The Churth held amual 4wi¢•• •knty'w8 In M•y 2023 and Nvo new trw•lM5 wr• 4••, and Ihro¢ tru8109s L•adorship Te8rn ma•ting8 uding all trusteos are hdd brnOnthty. There rnain Su¢DMltteCS', th GtyYn•n¢e Team lor Financ, AdmlTh. HR Op•ratlcfial Issuesl and Ih• MI8try T••n Iwpgngible for Pastornl, Ms9kn, Evw¥Jell8rn, Prayar & W£ffshlp. Chlhlm & Y¢th. and Hom Groupil. E•¢h tN$i¢• ond •88001owd ¢0oGw$ meo1 as lo dk8oJss aThd dacth on those mattor5 doiegat•d lo thom. The 9rtp trelr and a¢lio1 lo d•rTftt 8001 M•sUno6.
C•nlral BJptlst Church Cholmsford cEP¥f 815T CHURCH CIELMSFORD REPORT OF THE TRUSTEES. Eon¥nwl FOR THE YE ENDED 31 MACH 2024 R•l•r•n¢• •nfl admlnt•tr•¢E¥• d•t•ll• 1198431 r•• For C¢rv••pontl•no• wi¢a Road South ChmOrd Esgex CM11LN TfU•M•• Re¥d. P MHr5d•n INI'rdot•rl G Hop"n$ IMlni8iefl18pwJlntod 22 kl•y20241 C Hffjg (Train88 Minislerl IBPPL¥nled 22 20241 P Seago ITrusl88118Fpdnted 22 May 20241 M Law lTrvxtl(4p)Inted 22 May 20241 C BellrthY ITrus¢eal lapwnted 22 klay2U241 S Parrottt ffwsto$1 P WIch (Trustsel V Soago ITniste•l J Holman (fwsuwl IAF¢vJlnW 19 M•y 30231 J An•NJ (TN8fv•1 IAFOnl•d 19 I4•y 20231 C J•mes ffnJ6lMI IRMJned 19 May2W231 J Strde (Tn&) IRe8kJnBd 19 Cklober 20231 ROand9 {TB8Ter) IR8Bi9ftBd 19 Mfiy 20231 A (Tnmleel IR•8igned 19 May 20231 G (Trust881 IReAigng¢ 26 20241 H RendS ITnJ8teel IR•BigMd 22 May 20241 A Fashgjo (Wor Trus¢•el IR?¥lgnod 22 M8y 20241 Cu•todl•n Tru4t•• Th& Bapts•t Uni()n CttFy•bw rrt•d 88ptlsi Hou•0 129 Br•Y DCOt lknrd$hlre OX118RT Ind•p•nd•iit Exmkn•r Mudd Partnern LLP Ch8rter•d A¢t¢untsN• LJk•Yie Hou 4 Woortsrcok Cm¢4nl BlllortC8y Essax CM12 OEQ Sdl¢lt4Y• Nwe 8pwnted Barday8 Bank PLC 40141 Strwl Ch61rngfofd E$$ex CM1 1 gE AlolrD Bart 38 StrB81 Essex CM1 18E L•gal ststu Tht Cr¢hI# • Chble ICIOI. Tr thurth is J fflerr&er Llth? B•ptk%t Urri¢. R i¥ govemed by a Model Trust knrthn as the FaIrtrn Trusts a Deed of Trwt d8led March Xl Publlc Berfft The Bnnual r8P(wt d6scb8B the XtNiti88 ty lh8 CIArth thnng Ihe 10 fiJrtth8r. kn tha ofth• tw$t$, Its Chaiitab purpos85 for wblic ben•fil. Th8 tru8t688 8re of the epinKm thel tw h0 crMWT•Y tAilh the 17 01 lh8 Ch8ntie& Act 2011 to hav• du• rngard lo the public benefrt gukartt [AItlShed ty the Charity cnmI$SrL Page 3
Contral B•pttst Churth Chelmsfornl CENT BAPTIST CMIIRCH CHÈLMSFORD REPORT QF THE TRU3TEES- Mnllnu•d FOR THE YEAR ENDED J1 MARCH 2024 VolunlM¥ CtraI 8¥pb$L Chur¢h. as ¥ll churth¢s, ¥ory d8pertdent cffl sts mb¥S lriends giwng freety d trwr fina88 and time to Schiove its Ctfj'xtiS. This Ind406 •th thikkn Pety) on 5thd•ys Ihrtyjgh the ¥ek, loading varfouj group$ 8nd hcrfne groLV8. As akvays. Ihe h8Msl ra pknthil, tt Ihe I. wd #we Is •n to ¢ontinually entyArnge fvther ¥¢4ufiieerfno 8upFAYt. Our Mlnislers 8nd Trustees, are SUPFUted tytr Jor mlTh8tryiJff Leam ¢¢mw191ry the Church hlmlnlstratorlPA, tha Mlnlster-lfi-Trainlng and th• Promi58$ 14anagor. The Mntstry15taff 8lso inrJd8 a rrtjmber ol vclunteers prfmarily pThide adrnirMstr8ti¥e and postml support Wo continue tg oncowa90 per9 to give Ihelr b.me In sorAc88 to tho Loryj and h18 Church, and of thélr gth&. We Ihwk all D•acJJn6 cknmly wbth a1 bupport th& trust lft th8 key arnas of Crth ministry. Rl•k OMI1 The asjessment of the SkI tD hthich ihv clwjrch Li epwsed is mltored Ihrwohwt the year by tyjr HealLh 8nd Safety and Flnan Tearns. Hearth & Saf8ty WO¥1818 anth fminue p0 rovw and updat&s, and rwrti by the 1•8m8 to keep trvjtées the ¥Ader Church memtrthip I5 the lrthty Church mEefjrys1 knformvd of Kryt?St development?. Setsgu8rdlng rem8lns a key conswatkm all thIr. and ¥therablo aduls. Tlwro Is a TdwBI Syslam ond wocesses to •nsura that the Chur¢h Iwildry ar• In 88fe and s•¢l ron8, wSth CBrried out reguly where rffjus¥8ry. Th• Try8tou Orn 8atll•J Ih81 Ih•r• are rtht 8y8torrd and cCrfrtr8 In paeo to Idènt mibgai rt$k8, 4)prowd by <dor ofth• oltwir•M 07 Nwnbw2024 )d •w*d by.. P Seago (SlL¥ Tru514o1
C•nlral Bapt Church Chelm•ford CENTRAL BsT CHURCH CHELPISFORD Ind•p•nd•rrt &x¥mln•V¥ R•port to th• Tnwl•w of 8•11•i Clwr¢h Chelmfonl FOR YEAR EIIDED 31 MARCH 2024 Indap•ndtt EXIn•$ R•p¢)n to th•Trusl••s of Cqntral Ireh Chdmthrd I report to th• chanty tru•t8es My clthe wjxwts the crrnp lorth• yew 31st March 2024, wthich are set OLJt on pages 6 to 15 RMpon•lWIIU•s and b•¥ls of rnport As Iho r•rily trUSe5 of Ihe c4ynpany Iwd Ihe wrpxtss cl c¢ynpary lawl Y aro respon9k7 lor pryrauon (rf the aCCnts In acccrfd vAth rents rl th8 C(npthés 2CQ61'tl Aeri. H8wng Batisfl6d Mff thll¢ tho the wo Tr)t ratylr8d to d•r Port 16 of Iho 2006 Act and are •1191¥ for Ind•Fndent e¥3minakn. I report in my of >thr ¢tmpaWs atttsjnts 88 camed out under sectic 145 01 tha Ch•rltteB ACA 2011 Ilhe 2011 Act'l. In cwryw¥J oul my 6¥Amln•ith I hty• th• DirncbrTh glven by the Ch8dty Cornrnwsion und$r6•clir 1451SXbld Iha 2011 P¢L Ind•p•nd•nt ¥t•t•rn• $ce the chaws gross ncom• •ue¢•d £250,CO) ywr examw mLKSt be • Trernb¢r of a tKJy Il$ied In 145 01 the 2011 Acl. I c<1 th81 1 arn quah'flèd lo undertak8 th8 tc4Lw l •m 4 m•mb•r cl Imiitrrtg rf Chre A¢cwrt•nts in Engk8nd w8, wlth1g une of Ihe listed b(#JiM. I ha compkryted my wmin•Yw. l cwfirm th•t rYJ rfit•rn to my In tmth extrnknaticffl uiwng m us•10 beli•ve thjl In reswcL 1. aOnIng rg¢or¥i not •Frt kn ffjw•ct ¢¢yrtpwryM 386 of th? 20C6 Art. c 2. the uccounts do not accwd ilh th8 recrffdi.. 3. Ihe •cct)Lrfi do not efjmpty •cc(NJnlng reqUIr•mlS ol 3% of the 21K6 Act othor th•n wy r¢qulr•m•nl th•t ty 8¢nt& 8 'LryJ8 and falr wthleh ts Tr)t B matter ccffije u wt ol Indepwdeni ex)0¥).. 4. th• a¢¢(tI h8v• not been prepared In accord meihcJs ano of ty SOt&ment ¢Y Reccmrnen¢Jed PTEct4c• lor accowuna and E¥n9 by IqpF4icab• lo char Iwr •cwJnts kn occcdaNc lth the Financlol R•ptyUng Standr¢ 09F4[lIe In the UK 8nd Rwub¥c 01 fr•l8r¥J IFRS 1¢r2ip I hav• no ¢on¢8ms And hové no Olher rnlerB in ilh Ihe to vhth ait•nl¥Jn oh0d be drwwn In thig repc¢t in crfdar to 8nat4e a pry und•ritsn¢ir olthf reathed. L£ J A Sl8nl&y FG4 cffi b0ff ol Mudd P8rtnern LLP hart•red A¢r)x4nlwts Date .' 07 November 2024 Billericay CM120EQ Ptye5
Central Baptl$l Church Chelmsford ENTk4L BAPTIST CHURC14 CHELMSFORD STATEMEIIT OF FINANCiAL ACTMnES FOR ThE YEAR ENDED jt klARCH 2024 un 2023 Incom• Ind •ndowm•nts Irorn: ond ch8n1ae xtl¥iti85 Inwstment Irorne 265.638 265,638 173,426 34.346 24,275 46.892 Total InmIng rn8(w¢ 371,036 371.036 232.047 ExndIturn on.. Ch8ntable activth"85 other 241,133 3,7 12.9)7 SA1S 2Sg,75S 3.997 132,886 124.4371 Totsi Exp•ndlltsM I13¢ 118•7 5.815 213.752 108.449 Pl•t In¢orTh•ll•Jrp•ndllur•l b•lorntr•n•l•rn ind I•1U••n 121908 1111071 148151 107384 123,598 TrpJn•fern fund P4•t IncoM•ll•xp•ndltur•l 1S.645 119.1661 3.521 141,551 131,9731 128941 107?U 123,$91 Oth•r r•cognls•d VInle••I'. G8ln$ w lh• lovat1 offixed o6sds Othor liobility Fn¢)vernwls N•t Mov•m•nt In F4 105.5CQ 165,SC 141.551 1JJ.$27 12,2941 271714 123.590 R•¢tsndM•¢n ¢lfvnd•: To1 funds ai 01 Apdl 20fJ 239.981 eTT.373 1,632,129 2,749,483 2,625.865 1,632.129 2,749,463 2,625.065 239,961 877,373 TO1 funds at 31 March 2024 381,512 1,010,9)) 1.629,835 3,022 247 2,749.483 Al Incom• and exwTrJilure deri¥e frcn CA)AtirNinq Movemwl8 on reJeNe6 aThl 811 reo)9nW 9a(n$ Icwes ar• atth•. Tho ncts8 on p8geB 8 to 15 form part of ac018. Page 6
Central 8aptlst Church
Chelmsford
ENTR& BWIST CHURC1 ¢IELlfSFORD
BALANCE SHEEr
YER ENDED 31 MRCH 2fr24
Flx•d AM•t•
Tonqlt4• 8M•t
11
2.483.540
2,322,2Tr3
A•uts
Debto
Cash 81 bonk arJ kn hand
13
12
56.763
403.023
459,786
492.638
571.498
Cmdltsrn.. amtrJntB fallhig due rrn
14
32.791
NET CURRENT A85ET8
5W707
427,2eA)
Cr•dlton '. aMnIS afttr th
no year
NET 28ET8
3,022,247
2.749,463
ctrIlITy FUND8
R•%lrfci•d Fund$
UnrKtri¢t•d fvnd•
1,629.835
1,392,412
1.632.129
1.117,334
1&17
3.021247
1749,463
TOT CHTy FUND8
3.022.247
2,749.463
TRUSTEE Re8PON8IBIUTIE8
Undw the ¢hwtlg$ Act 2011, th• fru8ta•g r•¥i•d to W¢PY• • •c
Central Bwlst Churth Chdmsford CENTKIL BAPTISTCHUftCH CHELMSFORD NOTES TO THE ACCOUNT5 FOR THE YEAR ENDED 31 MIRCH 2024 I ACCOUNTI4G POLICIES IBI Conlrd gaplkst Chwth Choknstortl a r+3t•S d¥nty. r4).1196431 in El. The 3ddre55 Cf Iho r8gl8t8r8d office is given In Ihe ch8rily inforniatior on p48 3 d th8s8 116m¢rts. Th rt8Wr• ol or4rnticffls aNI prirK act¢8& Bra r8b9ious adwtie8. The tharlty constitute5 8 publc benefft enty 88 defin8d by FRS 102. The statements have be8n yepared In accordanca wth Accounln9 and Reptybng by ch1&9.. Statarnert of Recommand8d Prscbce applica0 to Ch8¢5 pr•poring th•lr In ae¢crtwt• IN FInd81 Rwrtlng Swnd¥d ¥pli¢obl• In th• UK 4nd R•pubNc ¢y Weland Issued in Octtjber 2019. the Financial Repykng Stsndanl apF4Kat4e in the United Kingdorn and Republic of Ireland. the Chariues Acl 2011 UK Generaly Accepted Acc PraclKe. The ¢h•T)ly has aFFlied Updnte 8u¥Btin l a¥ k¥he on 2 Feivuary 1116 and dooi llot incbjdo a rAsh lknv ¥taternent th8 grouth that il 1$ apY19 FRS 102 Se¢lxm 1A. The flrnndfl #alements wepwed to o 'tru• and ha¥e dyrt&J fvryn the cle$ and Reprxtsl Regulaticns ZIyJ8 only lo the extenl requyed to kW•ide a 'lnJe and fair ¥iew'. This depare has involv•d le41ng the AcntIrj and Chwtss. Sl8tvm•nl ol Recrmm8nded Praclice aFplbkn to ch•ribos wepadng their aGcNnts in scccffd8rKo ith Ihe Frial Repcrfkng SIard sICae in Ihe and Republie of Ireland iBsued In October 2019 rather than the AGcowrting •j Reporkng by chWit Statent ol Reccfflmended Prnctice effectivo from 1 A12005 Ithkh Shr boen hdra The financial Slaton are yepar8d a png baw the hNtcrical cost corvrfention, modffjed lo irrtluda rt•ln lkns ot l•ir volu•. Th• ftr•xil ila¢whvds w•••nt•d In slwlThJ l• lh• fvn¢tsonal wrt•ncy ol lh• gnd rounded to the near861£. Th• iionificrt •¢ect¥¥j iJ in th• of flnknts¥ it#•mwts IM wt oul b•hyw. Th• pollel hawa bryen •161•ntyppIIo6 toall Y Lthlobi a¥t•d. Ibl Voluntary Income by w•y of ¢rnlth$ ghls Is inrathd full St•t•nvrt rf Plnondgt AthMtI en received. 1¢) Re41Aded fvTrJ• ar• to b? uoed for Ihe Spj dw. E¥wdknJr• ttl¢h m•ols the$• thtgrf411 Id•ntlfi•d 10 th• lund It11 Unmtrictsd funds du)8ts't)n$ and oih•f w)t¥xrt• r•c•wJ ty 9W•t•J otiKts cl the wthoul fwih figj PUfP)•e aTrJ are 8v&lable as qenwd fvnds. l•10é11gnatèd fun¢J& 8re urnslrfcted fiJndB ha¥e baan aIbxat by the spocfflc wp)•eB. In Investm1 In¢om• Is trdjded In th ITh the yearlftThlch 41 k reCtr¥•ts. Igl Th• churth makes grJnts to i>ther rxg8nisaiThi tThe chbTilat cunplemenl . These 9Mnts arE occountgj for in th• yw wi thieh tlw ar• p31d. Fix•d assÉts er• lor vs• ty th8 ckn n fuifilkw fflan ctharltth objac 8nLI w8 copltaliwl dÈpr8clètè Depre20n ks prided cffj fNed as1 at rataa Cok• lo off Iho CD&t of each 88881 over rt& ttknatèd usofvl lrfe tsn th• r•du¢ln4 balan¢¢ bai4. 7ha churL wemiies are MdlWI in the bknce sheei at vaK 7hE manse ptEmises 8re rE¥ed onrww by ts Vuslves usKvJ Ittsmakn Irryn almllgr n•arty wcfwty ? b8518 valu8. Ihè manses wtfe previousty slad al cost. eaSe5 in Carrry amwnts Brising from revaluatlon are recrynised In other cunrnh•nsive Irwna, Lrles5 they Lrffset ¢Jecreas05 th• cwrwng aTnountJ of ihe saffle asaeL in ¢ase. they we recogni88d In profjt or k)ss. Dec$8 WT carrying ammts M offs•¢ inu•asos IY the sam• 8s$8t l other dresSeS in cwrwng 8rnMts sra T¥*j In wk88. Pag8 8
Cwthl 8apttst ChurGh CENTR BAPTISTCHURCH CHELIISFORD NOTES TO THE ACC¢JUNTS FOR THE YEAR ENDED 31 MARCH 2024 1 ACCOUNTING POUCIESl¢on¢bK Oepreciation has be thwged on the bw• li th• orJnl)n of th• Tnjsw, tho fasidupl Y•lue gl the i¥ ftot Ihon the wice. DepweOn fixed assets 1$ kl8j to the c05t • r•ducry baLwK• bas 0r Ih•r expe¢teO us1 Ife, atthe frAbthg r8188', Flxiur8s & Fltbngs oMpw¥s & Eqw 25% 2S% 111 The churth payz Lrrtritti0ra to the Bapost P•m1 Twsl L•nW li a final ¥ry d•ln•J bw•frt sc•me. The ¥chw#e ia ¥ Muttp10yer il 18 rw)t FI1t40 k) Id8Dbfy Ihe assets li816 ol the 8chom• lttrtbutat lo th8 churth. The Ih8rth Bccomtsd as a d•firh•d c¢rtntwtty>) Kh•m•. QI D8btor6 Gredkor5 no st2ted Inter88t rnte and recei¥8bl8 crf pay ithin cda yw rac4)rd•tl 81 tran6a¢tion ce. AThy1055eJ arising frDm Teccwusad In Inc¢>m• •nd •nd¢>wm•nts from: 2 D¢>natlon8 •nd 1•g•¢8 Cath ¢)ffn9$. Cov•nant4 & 9fft ald R•gul•f don•U¢n• T•x rocovmd &JTrary ro¢elptg 7,317 179.180 29.758 48.6n 230 7.317 179,e60 29,758 48,673 230 3.622 121,271 17,497 31,036 265.6 265.638 173,426 J Ch•rft•bl• •thltl•• Spec1 8Vart8 & fvn(ai•ing Llqe of Prem8$ 4,255 $4.2S1 4,255 54,251 3,970 30,376 34,346 4 Inv•stm•Trt IbKom• Rent of chur¢ pr(wla Bank intera91 r8c8i¥*J 41,SC6 41,506 5,388 23.571 704 48,892 24.275 Prye9
Central Bjrtlst Chur¢h Chèlmsford cewTRPL WTIST CIUFICH CHELMgFOAD NOTES TO THE ACCOUNTS FOR THE YEA ENDED 31 MAR¢H 2024 Expendtturv on: ReaChp lh8 troach StArthl leshIp Stspporting thè trY Equlpthg lh• saints M8lnlnlng the tsbrt¢ Prcytty Suppgrtlng th• nynhtry 5.815 5.815 1.607 19.961 1,t39 39,232 7.999 550 24,829 7.0( 32,170 1.7 Ibl 12.486 12,486 S.833 43.482 42.111 61.853 4&482 t2,? iry 61.8Sg 241.133 12.807 5.815 259.755 132.886 1•18plrtlual L•d•r•hfp Mlniatèr6' 4Upends Employ81'1 lI(fill IMUrW0 Mlni$*r#' nI¥ Property r•Trts & c11 I•X Mlnisters. tr•Yelllng Viirting pre•th•r8 Ml8¢èllWOW8 MI6t•r•. •yw8•• S7.758 3.719 5.374 $7,758 1719 &374 18.111 518 41X) 22,313 5,048 2.633 8,820 516 86,568 39,232 Ibl 8upporUnq th• Body 8rlgede$ Youth Medl8 ts8rn Wor5Np team D•volOkont a1¢8d•r¥lMP Refr8shm8nts SvbsBriptyonB 271 271 1,732 2,593 1.940 1,473 85Q 2.268 1,359 2,341 7S2 1.940 1,473 787 1,869 f,7E2 12.486 12.488 Icl Equlpplng th• salnts Tralllng and Crte¢ P&5tcrtl suplios &112 2.721 3.112 1721 337 213 5.833 Page 10
Cfrnlrnl 8aptht chUh Ch¢lm•ford CENTRAL ÈAPT15T CHURCH CHELIISFORD NOTE5 TO ThE ACCCWS FOR TrIE YEAR ENDED 31 MIRCH 2124 Exp•ndltur• on.. l¢ontlnu•dl 5 Ch•rfi•bl• a¢tfvlll•s l¢ontlnu•d 2023 Idl m•lntsln9 th•tslxk C8retskef & d88nar ghl & heal Insurance wor & seww• 1487 25.319 8,038 2,475 4.163 3.487 25.319 8,038 2,475 4,163 2.876 1Q.266 4,055 2.088 43.482 43,482 (•) Prop•rty Ptcyrty repal Prcyerty l¢lng 26.87B 2.426 12,7 39,686 2,426 3,128 12,807 42,111 lfj Jupportlng lh• ffllnl•try Adminisiralive 8tgfl lart•9 Adminhlrabve slifl T•ltyhon Prlniing, poslage and Equlpmert ropairs & rna1ntwCe Indopththl re¥ lee5 4&857 2.230 46,857 2,230 24,e65 1,233 2.173 1,599 700 1,800 1.916 1,910 61.853 61.853 32,170 6 fXh•r FlnanciThJ cos Spttlol ov8nt8 & Iwdr•Sihxt te4ts Actua81 lgilnfypIx1 on pengiw liJility 375 3.02Z 376 3.622 274 2,340 127,0511 3.997 3.997 24,437 7 of 4tsff trU8t•• Nrnknn•r0fi and W4es, Warl•s and stndS So¢Jal eecutlty cost8 er ¢01 104,616 3,719 5,374 46,978 5,048 2,833 113,708 54,659 PwJe11
Central Bapllst Church Ch•lmsfonl CE14TRAL BWIST CHURCH CHELMSFORD N¢s TO ThE ACCOUNTS FOR THE YE1 ENDED 31 MMICH 2024 7 An•11• of •tsff ¢Mts. Iw•ts¢ remuneratlon and •Xp•bI I¢•d) p¥141 ol emwoyeu '. The 8werage number ofstaff lh• th8 amumiad kn.. Mini$terwl staff Atknknlstr4tl¥e etsff • hgd ampby¢o Lnsfts In •¥1 ol £fJ).COJ {2023.' ttNoGated to •cVItieS in op(thn to the rakied st8ffln9 costs tArt#yty lo funds. Tho MiniBtÉrs rf th& thfch Ar8 Tntsté&s. Thty #ro rnmun&•d kn thdr eApw AÈ Miftistyrs th• thLtyd) t'r ployrmnt, and r•4mbLW8ed ev888 toraknJ £85,652 durwg y8ar12023.. £50.7861. N•t In¢tyn• l(•xp•ndllur•lforth• N•1 Income I lexw¢knl18 Std I Icrlll¥Jl." D•pr•Th[lln ol tar¥JiNe fiwj 4,163 5,$54 g Ind•p•nd•irt •urnln•r• r•mynw Ind•wInI •x•mlw• to k)d1pMl •YArnln•tkffj 180 rf£1,680. 10 Inl•r••t p•y•bl• mI1•xp•nU9 8wk Iwn¥ overdr•ft4 375 274 11 f•noLbl• Plx•d kn•ts Co•l A• ty101 AVU 2023 Addlti¢ns Di$al$ Revalualrns 17.098 2.S)S,688 2.327,757 165,5 165.$00 A8 al 31 MBrch 2024 17.098 5,093 2,471,IX6 2,493,267 AB dl 01 Aprfl 2023 Ch8rge for lh• Di¥pDSal¥ 4280 3207 1,274 4.183 A& at 31 MBfL 2024 7A87 2,230 9,717 N•t tyoott ¥alu• At 31 M8rch 2024 9.611 2.863 2.471,066 2.483.540 At 31 Mqlrb 2Q23 12,818 3.819 2,305,566 2,322.203 Page 12
C•ntrnl Baptst Church Chelmsford CENT BAPTLST CHURCH UELMSFORD NOTES TO ThE ACCOUNTS FOR THE YEAR ENDED 31 1cm 2124 11 TOnbts Flx•d •Mt• (cont•d) Cosi or wlugton ot 31 20241$ r•wos•x•d ty. 17.098 5.093 2.305,5e8 2,327,7S7 165,5) 18S.S00 VIatIOn in 2024 17.098 5.093 2,471.066 2,493,2S7 Atth8 bolance sh86t d8t•. the TnJslees estirnated that Ih manw WQFts' w m••t v•lu• £875.CQO11023.. £709.5) and therefore Ihoy wer• r8YaluaO by £16SOI2.. £nll. 12 Ci•h •t b•fjk •fid In hand G•nenl d8pJsil aELnt Sw'ng8 4¢count Cgsh fbat¥ 461,542 31.041 55 357,327 45,641 55 492,838 403,023 l) D•l)tor¥ 87,192 11.6B8 52,709 4,054 Pr•payrnthits IrKorr 78.860 56.763 14 Cr•d510rn rnountsf•lHng du• wllhln Orn >••r Bank low¥ •ntt g%vdr• Gf8d#orB Acclua & doforrod 3.825 1.767 30.769 28,S86 32.791 32.526 Page13
Contral Baptlst Church chrnSfOr CENTRAL 8PPTIST CHURCH CHELMSFORD NOTES TO THE ACCOUNTS FOR TNE YEAR ENDED $1 MARCH 2024 1S Unrutrfci•d ftfnds 3110 Unre5triclod funds 239.961 371, 245,130 15.645 381.512 239.961 371.036 245.1 15.645 381.512 OTAL At 31103124 •nd•d Trnn¥l•rs Clwreh buikjing (Xtslde rnlsslon Evangelism 1,596,008 ,131 1,5,068 27,442 6.327 5.815 1126 395 1.832.129 5.815 3.521 1.629.835 ReGlrtcted fvnds ha been gh•n to Ihe chLwth Icff ¥ufic purFt4•. 17 D•819Mt•d luDd• ou Church rnlln5•5 C¥to18Fs•t r•F4rfvnd 709.Sts) 167.8n 165.5ts) 875.000 135.900 11807 119,18ei 877,373 165.5L 12.807 19.1e61 1.010,900 Olan?l gro sal ty thè Tr•aMww al th• fln•n¢4W oarYWrwJ ol th• to provide for Ilkoty fijturn •XF•ndhuT•. knds can b• chwgod ai 8ny tim• ty tho Tr•a8WO1. 18 n•ty•l• of n•t••••ts b•tw•m fund• Res1rKI fUS IF4r 161 Designated funds (p•r note 171 Unr•stri¢x8d fvrn18 1,596.086 675.CQO 12,474 33.789 135.900 389.038 1,829,535 1.010.900 381.512 2,483.540 538,707 2,022,247 19 R¥lot•d Ch•rlti Cus18n Trustw crfts thrth Is Ihe 84Mbst unl LkniivAI lthartty number 2496351. and %thit* 1$ twtrolw ty th9 88ptl8t Cowcjl. The chwch alao a rnbar ofth& 8BpV8t UnH)n d Gwl Briwn, ano th¢ l$t8tg18¥pbJl AX¥¢In. ¢huTth w prnwously an uninuvpnied ¢hanty {dty rwrnber 11287281. Page 14
Central 8aptlst Chuvch Chdm•ford CENTRAL BAPTIST CHURCH CHELMSFORD NOTES TO ThE ACCOUP4TS FOR THE YEAR ENDED 31 MCH M24 20 P•n•lons Tho 1$ w •mplwr padpa1]ng th a Sic 8<ne IhÈ B¥tht PenÈkJn Sdwn• {kn• S(*ame'l, admSnlstered by th• Pensicffj TN5t80 IBaF4i51 Pen¥oTr Tn1 Lmrtadl. Th6 Scm• is 8 S8F48f#Le leo•l Mtty and the 85aets of the Schame 8r8 hdd seplyfr0ffl thos8 ofthè EmpW CAh¥ Plldpaw wnrknyws. For any rn<th. eath partiripatry empk)>v in the Sdrne p5 ccrthtth$ as 8•t th• 5dd ol Ccrftributi0Tr5 in forc8 at that tinè. The Sch0 18 wwdored w bo a mLrfii•mpknfft $cme u5 descrknd In Sttt40n 28 d FRS 102. This Is tr59 tt 15 not pcslbl8 to attr the Sch8rn8S 882atg 8nd ItAtihiK8È 10 spedft mtsans tha¢ tontributkyB afe 9rxwnted for 85 the Sch8m• contntyjts.on 8¢heme. The Cots chwged to Ihe SOFA in the year are conthtyubwi payatlo tOYA¥ds boWIts and accnd in th91 , onyknFo& rurtribJbons18ea baowl. From January 2012. penslcn provisvjn IB bew th• Defrnd ContrAJlioft IDCI th• Sch8me. ITr ganorol, m•mbarn pay B% ol thw Pen8k)Mb lftrAJmt •rnptyrs 6% of Income Into iThJlMduo1 pensv)Tr cwunls, which ar8 OP4rated and rTrwaggd bohalf d th Tn•lee by Lrfal an¢J Genorol ufe ABSUran Sosiely Limitoo. In fjddtkn, the •mpthr pays • lurlhar 4% of P•bla to ¢(wor Death S•rvic• Bgnefrt&, admlni8trntion ts, and w osgodatEd p(AKy kKo¥ldBS for ScheAn¢ M$mrI In event that they are unots to du• lo ILwt•nn Incapa¢ty. Thi8 Incom wdeGlknn Fdicy has be•n Insuied by the Bwsl Unw of Great Bnt&n wllh UnLm Lirt•d. Th• fvrther 4% c£tht¥Jk• rndueed lo 3% ErntJyw crythbutlMN m•J• lo Segreg8ted DC ArrangnI, Tlkry Minisfern we elwit4• io jcln the sch Ben•fib in reapect of geNc• pkNy10 1 Jonuwy 2012 Defned Ben•fit1081 ithin Ihj S¢hom• Th• main benvftij for Frt.2012 seTrice wwe a derm t•nafil p$11 of (Th th9hrth of Final K4irMff¥Jm P•ni1•e Inwme loreach yoor of Pon8ionable Ser¢•, t¢g6th•r tth'lknal pensi r¢spe¢t of P91¢nable Inwn& éxce$i ol Mlnlmum Ponabl Irw Thé SrknTh, yvltyJly Iho 8W Mthters. Fun¢, $tarte¢ kn 1925. bjt wa$ $gd to 8¢w8I ol dofthd b•rfits rm 31 Dec11 2011. rnwnbern al Il 8•01 Sehm, •re pdd to • d•fiMd ontribution pensvJn b•W ofts M101•M¢41. Th• i¢l•l p•n4kn c8 fe¢ th• Churth are £7.604 <2023.. £3.8U61. Page 15