WORLE BAPTIST CHURCH UNAUDITED FINANCIAL STATEMEKrs PERIOD ENDED 315r DECEMBER 2024 Charity Number 1198158 WORLE 8APTIST CHURCH TRUSTEES. REPORT YEAR ENDED 31st DECEMBER 2024 The Truskn FK8sent th8ir ￿port and unaudw financial 5tst£n￿ts cllho Charity forth2 perh)J 1stJanuary 2￿4 to to 31st DecÉmb8r2024. REFERENCE AND ADMINISTrATIVE INFORMAMON Regl%￿re￿ tharity nam•." Chanty registration nuntEr WO￿ 8aptBI Churth 1198158 Chureh address & registered office". Wo BS22 7FN Tr￿St8?$.. K N*Jham ISe•l C ¢knn IreswJmJ 2IKI Marth 20251 D Toon S Tcww B TLthr 1oFpoirrt&J 2nd Marth 2025} D Patham lappDnlèJ 2nd Marth 20251 A Baw Ireswjned 3rd P•larth 20241 E Squir8s (8￿01nted 17th Sèpknts 2￿24) 1r*lEpe￿eTht•Y￿rniner. Purfl Bart￿￿$. GAF Bar& 25 ￿'r￿￿$ F&"NA￿L West Ma4iTrJ Kent ME19 4JQ Thego¥eming d0￿ment oftr* Charity i% the Cl￿. Th• Charity 1$ o)nsbhttEd as a Q)ariFth Incor￿￿ organ￿mIn. OWECTIVÉS AND ACTivrriES Th8 objéct of tht Charity is ￿ than¢*rnentofthe Ch￿traft fath. ac£orthg to tr* priniipsès ofthe Baptst denUn1r￿tK)n. Th8 C￿Irth nmy aL50 advan￿ edu$2t*)Th and carry tJrt ¢thr dor*ablÈ wrpos•5 in the UNted ￿'n￿￿10m. athrotfr parts of the wtrfd. In ftdffilling ts rtsritable ot4eth¥es. the Churth w* erw in a￿￿e$. 81herC￿ ts orwith others, thatw4J vary from time to bme. *7th initiaknw being slarted. eypanded cf dos8d as wcwiate. The actMtie$ may indude, bul are restric￿ to.. Regular pUblicw￿$t￿l. prayer, SW. weaoling ar•Y teath Baptism, as defined in the Bapb"5t Unioth's Ded)rat￿n of c¢rnrnun￿ of Ihe Lorrts Supper, be obsew at kast trn￿ a Evangelr6m and mi5sion- localty ar*J SUFPNtmg rBwwI. national and intsmational viiiwtrves The thaching. e￿Lvagen*nL vdcome arkl induwn of sfjung Nur￿￿ and gr￿￿h ofchrisban ng and encxwjraging pastwal care Encourag•ig rdab"onships and supwjrtwy Baptists and otrw C￿¢￿ar￿ in c￿r toym ACHIEVEMENTS AND PERFORIIANCE Wolt B4)ts5t Churth has continuthy lo gatr*rlo eac* Sunday rnornKKJ, wrth a healthy rrfjmber of atterthes. The Church is èxperiencing a wadual In ts nLrtetcl alknjirg ser¥tces. and the lealershw tearn has also increased. W& ¥%*l¢J)med Rev Lo Squ¥•5 as mini*r in Septwnter2024. and ar• very 9r*fvl to the Rev. Barbara Reyffl for acbng as ¢MrtranStWx￿ the Fefi(AY betrAEen Abn Bail>*s' reti￿rrent￿t the sèrt of the year and LLZ Squirespinir9 in Saptemker. In wderto better 5UPPOrt the Churchs t￿1￿. 3 grws have beertf¢Nn￿ to fo￿5 on parbojknrareas of thè Chuth'5 wodK.' Service ￿ AAmintstration.' Pastoral ar*J FW, CXJtr•ath and PASS￿. We have continued to d￿loP ¢X-thI￿ wilh tr* other Baptst i*urts in ourtThm. N*Jton Baptst Church. clarer￿ pa￿ Baptist (*urr* and Bristd Road Baptstchwth. The Church's maift grcwps and act¥￿e8 ¢)JtsKle oFSuThJay ha¥e b￿. Meeting Point AV**￿ session for1heov•r 6LYs-an c•Yort￿ty b9et Ic#Jetherarkl IEar frcl a Trhide range of SF*aors and to do Other￿￿￿e$ t¢4ether. The • T(*Ydler Churth has ￿￿eyP¥nded to 2 ses$KJ￿, 32 fam*140 ¢hiTrknl. Jr hks wilh the 3 sthools have k*en deepened durin9 the year, rK)t knt Ihrough Year 5 th￿ren 4x*r￿g t¢ the events, namety EX￿r￿ce Toddler Church: Sc*¢ol links: Hou*J￿￿'. 4 housegroLP5 rneet on 8 ￿ basis, 1￿mb￿S wityirg IF1￿h￿ time Breakfasts& ￿faS Tre Churth hokls regukrfdbxshp Ixeakfasts and cornmunty cafes. whi have pr)￿j bj be wypowlar. FINANCIAL R￿￿E￿ The Churth made 2 signffitsnt invesbnents during the ￿ar. FJr5ty. 2C24 £13.1kwas used to buy 21 solar panels and an 8Kw battw whith shoubJ tyoTrAde us m¢)st cfGWf 8￿Ctr￿"ty forTh*y yeats to cryne. Secorwjly. in Ortober 2ff24 * puthaswj a mans•. haV￿g deG*JwJ this was a muc* iEtter long terni use ofow funds. ccryared to renting. £326k was raiséd io lund the matse. m* ¥p ofexstMyJ re$8Thw of£105K offpmg$ of £104k ar*1 8 15 y￿r kjan from th• 8aptst un￿)n 01£11Tr No￿￿1hS1afidIng these 2 investsneTrts. the Churth was abte to rroke all of ts pknned gMrYJ n the yEar. Tot81 unretheted reseThw at 31st t*c6Yrtsr 2024 lexYudwvJ fuJNJ5forthe Tnaw}*tre jtjsl under£41k, 8quNaknttD 5 monts. costs. The ¢￿j￿* seek510 kw at 3 rnonth5' of ¢Mts in ￿nre5￿C￿l reserves at all times STATEME1￿ OF TrUSTEES RESPONSIBILMES The Twstees are re5pon*bk foT prep￿9 the Trust8es' ReFK*rt ar*J the fjnanaa Slatrnents in •xordanTr wih Ihe applicable lawarKI United ￿.￿d0￿ st2￿13[￿ IUnrtBd ￿ngdO[Th C*neraty A￿￿edA￿￿￿ting Prndk?). The I￿ appSCa￿ to tharrhes in Engla•d & Wo* rewires the Tnjstees to prepty￿ fmantsal staienEnts for each year whK gN8 a true and f*rvMv Dfthe State ofaffaits of Ihe (￿arity ofttE WK¥me ￿re*S and appFcatson of ￿o￿T(W ofthe Charity forthal perio(L In prEparin9 these finarwi ststsrwts, th2 Tft￿ arè requiFèJ to.. SeleLt surtabh acwunting Wioés and th•n atrtf co[￿ty.. Observ• the methods and pri￿￿p￿ In ￿ Charib•s SORP.. Makejudyjgnts and estim*s that are reasonth The Trusteesar8 satsffed thatapplic*lp UKAttouTrbry Standats ha¥e Lw in tre ofthèse awounts. The Tr￿stee$ satisfEd that the Charity ts a giry cr*￿*￿. and that ti is Iljuth approwith to Use Ihe goirKJ c&)nc£m basrÈ Df aco)uTrth"ng in the prepa￿"on ofthestr The Trus￿ a¢*rkn%*dgè ￿e1r reSpo￿lb•ty for prrwacL>>Jntiry reo)rts thatdis¢105e*ith reason8bk acrJJwJ at any time finanoal posthon ¢Jfthe Charity and enth them to that ￿￿￿?￿la1 stalernents o)mply wrth the Ch￿treS Ad 2011. the Charity lknjthits and Reportsl Regula*"ons aTrJ ￿.e Novv&KJn olthe ￿￿$b￿￿On. TIEY are *0 respoMble for safeguatrJiTrJ th8 assets ot the Charity and heTr￿ torta*¥￿ fvasCM￿ strf* for the tweni&)n and syeteclx￿ offraL¥J and othar ularithe5. ApFw*J by the TrLStèes and sbjned on thew ty. Twusts• 13th Marth 2025 WORLE BAwllsT CHURCH RECEJPTS ANO PAYMENTS ACCOUNT FOR 12 1•)NThS ENOED 31st DECEMBER 2024 Section A Receipt5 and payments Deslynatsd Desi9rtatsd Unrpstrtetrd Fund . Ilew Fuftds- Funds Total Totsl Funds Funds 2024 Fund8 2023 A1 Recerpts GNing Invèstmentilnwm• In￿me tsx remvery Rentsl Inc¢me Olh8r Income 59.724 5.349 13,414 21.521 1,P￿1 93.827 153.551 S8.207 1101 18￿fj2 16.385 1.517 10.016 23A30 21.521 1.861 101.669 103.B43 205,512 97m2 Ministy P￿￿45e$ exPerwJi￿re GNing 23.597 13.7 2,347 911 8.761 51.072 11.010 13.861 1271 25.691 8,500 2Q 1347 911 8,761 200.744 289.038 Other causes p2yments Other expenditu New mansé costs Totalpa￿￿ert5 2￿),744 79.700 20ffj744 21369 -105.400 120.516 4708 87.908 AS Transf•rn bet*wen fund¥ A6 Cash funds lastJwar•nd Cash funds thisye4r8nd -96.901 105.4CII 4,$00 43.526 9,964 7.0(Kl SDO 133.512 49,986 123.548 133.512 3,902 Section B Statement of assets and liabilities at the end o* thc period 81 Cash Funds CAF BankAru￿nt Baptist Un￿n Tern DepositAuxAJnt Pety Cash 37.017 8.493 3.￿)2 49,918 27.910 104,704 3J02 49.986 133.512 BS Liabilities 15 year ban Bapttst un￿ to purchase ma[￿e. knourtdu• 117,L The loan ts on 8 rep•yrn8nt basts. and i8 secyjred on Ihe manse. ynterest 15 25% abo¥e base rat&. The manse in hekj on trustfrf Wurle 8aptistChurch by the Westof Effjlar¥J Rewnal 8aptstTnJst Cowny. The no¢es on pages 5 aThJ 6 f¢ym an intsgral partof bkne a¢)))unts These aoxunts appm¥ed by the T 13th Marth 2025. arnj ' on thw"r beha￿ty. Day￿￿ Toom8r. Tnthe 13th Mari* 2025 Kahryn Ngedbarn. sette￿ry 13th Iqareh 2025 WORLE BAPTIST CHURCH NOTES TO ACCOUNTS 12 MONTHS ENDED 31st DECEMBER 2024 I. ACCOUNTING POUCIES These act￿nts a￿ prepa￿ on a'Re￿￿ts ba* atKJ a¢￿Id S.1￿ ChartsesAL12011 Funds NewMaTrs• Other R05tii¢*d To1al Total FtuKIs Funds 2024 Funlts 2023 I Investmont Inw Bank ￿t￿e 5.349 5.349 3.101 3,101 4349 3. Other Income Grft8to retiring m￿ti￿or Gifs k)18avirya minister in training Game5 nvJhtlhh & ehips nvJhl Harvest SeTr1￿ offering re Foodbank Offering re J Cook work in ThaAand Offeriry re SomèwhetE to Go OfferiTvJ b) BMS ￿ lieu ofchrislrnas ￿ldS Churth minBtrie$ 8Sth birthday event 100 115 22Q 41 41 702 700 1.$17 4. Min•ty M￿￿terfs pay 8 per￿lon Manse all¢Jwance & Èxperts65 V￿ting speaker5 & thrslaff ryjsts 4.952 2.424 32.9S8 13,932 4.9S2 51.072 S. Prnm&e¥ EXPEnxts 1S9,C 575 575 1,380 3.19) 33.717 320 914 200,744 The n6w mans• r%)st £276.(￿. £117.CXXl a IDan frtffl the ￿t&St Ur0￿. The loan fumts were W djre(* from th• Bap1& UnY)ft to the pmperty veTrJor& Baptst repaying tt*5 kjan w 15 years. 3.150 33.717 914 200.744 WORLE BAPTISTCHURCH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES PERIOD ENDED 31st DECEMBER 2024 Act 2011 IlheAd). to betse¥e Ihat in 8nymater481 rÈ5pect. acwurts do Mt ￿e0rd7th*h rBwd$.'