Kingsthorpe Baptist Church Registered Charity 1198734 Trustees Annual Report Year Ending 31., December 2024 Structure, Governance and Management The Charity was registered as CIO on 26 April 2022 the Annual General Meeting was held on the 24th March 2024. At the meeting the election of trustees and appointment of Officers took place in accordance with the Church CIO Constitution. The elected trustses are: Adrian Hicks- Chair of Trustees Catherine Bruc8 - Secretary & Trustee Mary Reynolds- Treasurer & Trustee Martin Turnbull - Trustee Stephen Robbins - Trustee Diane Jarvis - Trustee What the charity does: Religious Activities Who the charity help8: Childrenlyoung People. Elderlylold People other Charities or Voluntary Bodies The General Public How the charlty h61ps: Provides Buildingslfacilitieslopen Space Provldes Services Provides Advocacyladvicelinformation Where the charity operatss.. Northamptonshire Objective and Actlvlties The principal objectives of the charity as set out in the governing document are "The advan￿ment of the Christian faith according to the principles of the Baptist denomination, advancing education and carrying out other charitable purposes in the United Kingdom and other parts of the world" The church works through associations with the Baptist Union of Great Britain, Ihe Baptist Missionary Society, The Central Baptist Association and other similar Christian charttable organisations within the UK and world-wide. The main activities undertaken for the public benefit in relation to these objects during the period covered by this report are the work and witness of the church through regular public Sunday Worship servI￿S at 10.45 a.m. The church in co-operation with the local Methodist Church Community in Kingsthorpe runs A Girls Brigade Group and a Carers and toddlers' group. Members facilitate weekly coffee mornings after Sunday service, open to the public, with the purpose of assisting the community and demonstrating the love of Jesus Christ. The Church continues to support the local Food Bank, Northampton Street Pastors, baby Basics and other local charities. The Trustees have read the Charity Commission guidance on public benefit and are satisfied that the activities outlined above clearly demonstrate that the charity is providing a benefit to the public. ## **Financial Review** The reserves policy of Kingsthorpe Baptist Church is to hold between two and three months of all committed expenditure to allow the church to adapt to any changes in the income or expenditure of the church. The trustees currently believe this amount to be £15,000. This policy will be reviewed annually by the trustees. The Trustees are satisfied that there are sufficient reserves at the Balance Sheet date, together with ongoing income anticipated, to enable the church to function effectively in the coming year. The trustees declare that they have approved the trustees' report above. Signed on behalf of the charity's trustees Signature(s) _c/��_ • �L Full names Adrian Philip Hicks Chair �� Catherine Isobel BRUCE Secretary Date 4 February 2025 Profit and Loss account for Kingsthorpe Baptlst Church For the year ended 31 December 2024 Income Room Hire Offering Chinese Churdi Donatlons Weddings & Funera15 Jumble SaleslFayre 8anklBuilding Society Intsrest Tax rebatelGIft Aid Manse rental income Millenium Income Trust Income Deposlts Ttny Tots & Carers 10,046.10 22,371.32 2,998.75 3,300.00 400,00 3,662.17 2,294.13 11,623.74 7,725.00 25,00 2,000.00 3,364.86 1,304.00 71115,07 expendlture Pulplt Mlnlster Cleaner Manse Malntenance Manse Insurance Church Maintenance Church Utillttes Adminlstratlon Charitable Glving Cleanlng Other Renew and replace Substtiptions organ & piano Tiny Tots & Carers 1,974.24 472.20 4,669.23 227.36 469.25 18,747.33 15,749.73 3,675.56 8,099.85 538.12 666.65 18,835.40 1,355.96 215.19 1,377.81 Net Profftl(Loss): 77,073.88 -5 958.81 ## **KINGSTHORPE BAPTIST CHURCH FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2024 GENERAL RECEIPTS AND PAYMENTS ACCOUNT** |**RECEIPTS**|**2024**|**2023**| |---|---|---| |Offering|22,371.32|19,628.80| |Donations & other Income|12,352.03|12,985.18| |Tax Recovered|11,623.74|0.00| |Investment Income|2,294.13|2,906.61| |Rents & Contributions|22,473.85|22,803.50| |**Total Receipts**|71,115.07|58,324.09| |**PAMENTS**||| |Ministry|2,446.44|2,996.12| |Mission|9,477.66|5,000.00| |Upkeep|60,118.26|39,357.70| |Administration|5,031.52|5,150.96| |**Total Payments**|77,073.88|52,504.78| |Surplus/Deficit for the Year|-5,958.81|5,819.31| |Balance brought forward|135,838.35|130,019.04| |Balance carried forward|**129,879.54**|**135,838.35**| ## **. STATEMENT OF ASSETS & LIABILITIES AT 31 DECEMBER 2020** **ASSETS Bank Accounts:** Barclays Bank Lloyds Bank Baptist Union Cash **OTHER ASSETS** Debtors 6,793.60 19,226.55 102,970.73 81.51 807.15 ## **LIABILITIES** Current liabilities Balance carried forward Adrian Hicks Chairman Mary Reynolds **Treasurer** **129,879.54** Catherine Bruce Secretary Klngsthorpe Baptist Church-Trea8urer's Report 2024 Another unusual year for Kingsthorpe Baptist Church which saw 8 big increase Irtr both income and expenditure- whan all things are considered I belleve a loss of just under £6.000 Is qurte an achlevement. Incomo: The total Income lor thls year was £71,1151£58,324 in 20231. The bulk ot th58 dlffer8nce. £11,623, came as Glft Ald for the perlod April 2022 to September 2024 on both the offerlng and other cash donations. It took 8 while to set up th8 new HMRC registratlon for the new CIO which meantth8t none was claimed last year. The total offerlng was up from £19,628 to £22,371 whlch is du8 to s&ver818tandlng orders Incr6eslng their monthly givlng. Thank you to those who continue to give so falthfully. Trust income Included The Tlmson FamllyTrust £500, Princes Street B8Ptlst Ch8pel £1,400 Ito be used 8peclfic8Uy towards the bollersl and Hlstoric Churches for the Ride and StrldB £100, Donation8 tot81 £3.300 and Include £600trom both the Methodlstchurch and the Chlnese Church toward8 8 new piano, money towards utllitl85 from TinyTots and C81er8 and tha Thlrd Frlday Lunch, £150 from The Glrls Brlgacle. £700from the 88dmlnton Club plus donation8 ft)rthg use of the bulldlngs for baptlsms 8nd fun8ral8. Jumble sales and ttte Christmas FayTe continue be well supported 8nd a valuable souice of Income raislng £3,662- this Includes £701 whlch wa8 8Pocifl¢ally foi Chrlstlan Ald end v8rlous Items that have been sold onllne following the Jumbles. Room hirew88 dovmthigyearto E10,046from £12,278. One of the room hlrers has moved from th8 main h811to the prlmaryto reduce costs In order to keèp going and one ol our regulars dld not have thelr usu81 holiday clubs following a ch8ng8 In policy bythelr charlty sponsors. Thankyou to Barbara and Andy Ingman who contlnue to be our Room Hlrè stewards and do fantast1¢ work 80 that we can continua to bénefit from thi8 valuable incomè. Th8 Interest on our BU bank account wa8 £2.294.down £612from lastye8r refloctlng the change In int8r88t rat85. Expendltuie: Our expondltur@thls yearwas £77,073, upfrom £52,504 Lastye8r. Church utllities were pretty much the 88me as18St year 8t £15,7491£15.621 Last yearl. M8lntenance costs and Renew and Replacè ref lect big spendings. The old oil boller serving the Ch8pel and the boller which serves the kltchen. the sm811 meeting room end the toilets upstalr8 were all replaced. We instÉlled new heaters in the primary room plu8 boosterswitche8 SO thattheyturn off autornatlcallyafter a maximum of 2 hour¥- necessary because they are left on qulte frequently. We have also upgraded the sound system, screens and projectors in the Chapel gnd the Main Hall. The wooden ¢h8irs were reupholstered, Church giving included £510 to Street Pastors which was r81sed in Christm88 2023 giving. £701 to Chrlstian Ald las mentioned in the Jumble Fundraising) É1,000 to Bethany Homestead. £1.700 to both BMS World Mission and BU Home Misslon 8nd £288 to the Hope Centre fromtheChri$tmas 2024 collectlon. Don8tions were also made to Baby Basics. Street Pastors and Diabetes UK followSng personal donations Irom Church members. We sent birthtiay gifts of £50 each to our link missionaries. The Balance Sh8etshows an amount carried forward of £129,879.54. Notes: £1,428.281s a balance held for Tiny Tots and Carers. Th8 Millenium Fur)d hgd an Income of £25.00 thls year and there was no sp8nding meaning £285 remains. We must thankjoy Collinswho has collected and banked the Millenium Fund for the last number of years but has now decided to call It a day. The coins collected ha8 gone down signlfic8ntly over the last ¢ouple of years and we should discuss the future of thSs fund at a Church Meeting. £594 was r81sed over Christmas 2024 to be don8ted to the Intem8tional Red Cross-this was sent after the New Year so this amount remalned In the bank untilthen. CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of Kingsthorpe Baptist Church On accounts for the year ended 3111212024 Charity no Ilf any) 1198734 Set out on pages 1 to5 I report to the trustees on my examination o charity I'the Trust") for the year ended S I Responsibilitl8s and As the tharily truste8s of the Trust, you are responsible for the preparation basis of report of the accounts In accordance with the requir&ments of the Charities Act 2011 {"the AGt"). the ccounts of the above I report in respect of my examination of the Trust's accounts carried out under s8Ction 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commisslon under Section 145{5)(b) of the Act. I have completed my examination. I confirm that no material matters have come to my attention (other than that disclosed below ') in conn8¢1ion with the 8xamination whlch gives me Cause to believe that in, any material respect.. accounting ￿cOrdS We￿ not kept in accordance with sectlon 130 of the Act or the accounts do not accord wlth the accounting records Independent examiner'8 Statement I have no concems and have come across no other malters In ¢onnecllon with the examination to which attention should be drawn In order lo enable proper understanding of the accounts to be reached. Pleas8 de rds in the br8ckets rf they do not apply. Signed: Date: Name: Stephen Spandl Relevant professional qualificatlon(s) or body lif any): nla Address: 12 Sallow Avenue Northampton NN2 5HP IER October 2018