**Charity registration number 1199158**
## **BRETTON BAPTIST CHURCH**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **BRETTON BAPTIST CHURCH**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|Elizabeth Hallam|
|---|---|
||Richard Standbrook|
||Rev Brian Stocker|
||Christine Graham|
||Peter Wingate|
||Christopher Culy|
|**Charity number**|1199158|
|**Principal address**|Copeland|
||South Bretton|
||Peterborough|
||United Kingdom|
||PE3 6YJ|
|**Independent examiner**|Mark Jackson FCA DChA|
||Azets|
||Westpoint|
||Lynch Wood|
||Peterborough|
||Cambridgeshire|
||United Kingdom|
||PE2 6FZ|
|**Bankers**|Virgin Money|
||5 Church Street|
||Peterborough|
||PE1 1XB|
|**Property trustees**|The Baptist Union Corporation Limited|
||Baptist House|
||129 Broadway|
||Didcot|
||Oxfordshire|
||OX11 8RT|
## **BRETTON BAPTIST CHURCH**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 4|
|Independent examiner's report|5|
|Statement of financial activities|6|
|Balance sheet|7|
|Notes to the financial statements|8 - 19|
## **BRETTON BAPTIST CHURCH**
## **TRUSTEES' REPORT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
The trustees present their annual report and financial statements for the year ended 31 December 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).
## **Objectives and activities**
In order to achieve the principal objectives set out, the Church provides a variety of activities both to its membership and to the wider community. The aim is to show the love of Jesus Christ in both word and deed and to bring people into a closer relationship with Him as Living Lord.
During 2024 there has been a specific focus on helping the church to ‘Send Out’, equipping the church for evangelism and outreach. As such, there was an organised evangelism event every month throughout the year.
Central to the work and witness of the Church is the provision of regular public services of Christian worship. These services take place each Sunday at 10.30am and twice a month on a Sunday at 3.30pm. There are also occasional services at other times which are advertised via internal communication and also on the church’s website at www.brettonbaptist.org.uk. The church seeks to be a friendly and welcoming community, anyone is free to attend any of these services.
There is a full children’s and young people’s programme during the Sunday morning services and also on Tuesday evenings. A Seedlings (baby and toddler) Group meets in the Church premises on a Wednesday afternoon, with the purpose of assisting the community and demonstrating the love of Jesus Christ.
From time to time the Church runs courses for people interested in discovering more about Christianity, utilising the Church premises but also other local facilities.
There are weekly activities organised specifically for people in the third age. Bretton Fellowship meets on a Monday afternoon for a time of worship and fellowship.
The church runs a series of connect groups and other small groups for the growth of faith and discipleship in the homes of some members and on the church premises.
Further details on any of the above can be obtained from the church office.
Whilst primarily honouring to God, our positive outreach and fellowship is a testimony to the hard work and dedication of staff and volunteer teams, their weekday activities and connectivity across multiple groups throughout the year. It is a privilege to run events, for children, young people, church members, seniors, local community and visitors.
Throughout 2024 the Church sought to build and maintain relationships with its local community. Bretton Lounge café, launched to provide a warm and inclusive welcome to anyone from the local and wider community, continued to provide community support and advice, welcoming visits from Healthy You, City and Parish councillors, Age UK, Vaccination Clinics, Stop Smoking and Parent Support and other groups.
To build and maintain relationships during the year within our own Church community, we continued a programme of social activities once a quarter for the whole church family and community.
The Church operates robust systems to ensure that all people working with children, young people and vulnerable adults are appropriately vetted by the Disclosure and Barring Service.
Support of local charities, both practical and financial, is also an integrated part of the Church’s wider community involvement. The Church is registered as a Fairtrade Church, a public acknowledgement of the Church’s involvement in and support of the Fairtrade movement.
- 1 -
## **BRETTON BAPTIST CHURCH**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
The Church has read the Charity Commission guidance on public benefit and is satisfied that the activities outlined above clearly demonstrate that the charity is providing a benefit for the public.
## **Achievements and performance**
The Church does not measure the success of its programmes only in numbers, including financial numbers, but also in less tangible areas like fellowship and encouragement. The Trustees recognise that these are difficult to measure but believe that 2024 was another positive year in the life of the Church, and that it will be able to maximise existing and develop new resources to meet its mission purposes in 2025.
During 2024 we made a concerted effort to engage with all members and remove from membership those that are no longer engaged with the life of the church. As such, we have seen a slight increase in the number of church members to 175 on 31[st] Dec 2024. We have had 7 baptisms during the year.
The Trustees meet regularly to pray and seek God’s direction and to support paid staff and volunteers in specific areas of ministry.
## **Financial review**
The Church continues to raise the funds which it needs to carry on its activities from within its own membership and congregation. No wider public appeal was made for funds during the year.
The most significant expenses related to the remuneration of the paid staff:
Rev Brian Stocker, Minister Helen Culy, Pastoral Co-ordinator Mark Dickie, Caretaker Alison Hall, Youth Worker Neil Henson, Office Administrator (Student Minister from September 2024) Ken Pullen, Office Administrator (appointed November 2024) Sarah-Jayne Podd, Children’s and Families Worker (resigned October 2024)
These individuals have been appointed to:
- lead and co-ordinate the Church’s activities including Sunday services
- provide pastoral care for the congregation and other people
- equip and encourage the membership in their life, Christian witness and service
- encourage young people of the Church in their discipleship and witness
- provide opportunities for children and young people in the local community to explore Christianity in a safe and fun-packed environment
- support and encourage families in the local community
- administratively support the aims and objectives of the Church
- maintain a safe building, and agile arrangements for the various user groups
The Church expressed its part in the life of the wider church by making grants to national and international Christian organisations and societies with Christian aims and objectives compatible with the Church’s own charitable purpose.
The Church is heavily dependent on its membership working as volunteers in all aspects of the Church’s activities, many of which run with little or no impact on the Church’s expenditure but nevertheless contribute substantially to the achievement of the Church’s objectives.
The financial results for the year, together with a summary of the accounting policies adopted are set out in the accompanying financial statements.
- 2 -
## **BRETTON BAPTIST CHURCH**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## Reserves Policy
The Trustees have an established Reserves Policy and are satisfied that there is sufficient reserve at the Balance Sheet date to enable the Church to function effectively in the coming year.
Having considered the relevant risks of changes in income and expenditure, the Trustees have determined that the appropriate level of reserves is £40,000, equivalent to 3 months’ critical costs.
## Pension Scheme
The Church is a participating employer the Baptist Pension Scheme (“the Scheme”), which is a separate legal entity administered by the Pension Trustee (Baptist Pension Trust Limited). The Scheme, previously known as the Baptist Ministers Pension Fund, started in 1925. At the beginning of the financial year, the scheme comprised of a defined benefits scheme which was closed to future accrual on 31 December 2011 and a defined contribution plan which was opened in January 2012. The assets of the Scheme are held separately from those of the Employer and the other participating employers.
For the current financial year, the pension provision for members of the Scheme is being made through the Defined Contribution (DC) Plan. In general, members pay 8% of their Pensionable Income and employers pay 6% of members’ Pensionable Income into individual pension accounts, which are operated and managed on behalf of the Pension Trustee by Broadstone Corporate Benefits Ltd. In addition, the employer pays a further 4% of Pensionable Income to cover Death in Service Benefits, administration costs, and an associated insurance policy which provides income protection for Scheme members if they are unable to work due to long-term incapacity. This income protection policy has been insured by the Baptist Union of Great Britain with Aviva Limited. Furthermore, members of the Basic Section pay reduced contributions of 5% of Pensionable Income, and their employers also pay a total of 5%.
In October 2024, the insurance company Just Group completed a buy out of the liabilities of the closed defined benefit scheme. From that date any remaining liability of the participating scheme members to defined benefit scheme ceased and the £1 per month deficit contributions payable by the participating employers which were agreed in the recovery plan approved in August 2022 also ceased from that date. Administration of the closed defined benefit scheme transferred from the pension trustees to Just Group from that date.
The Minister and some members of the church staff are eligible to join the Scheme.
Section 28.11A of FRS 102 requires agreed deficit recovery payments to be recognised as a liability. The present value of the agreed deficit contributions were immaterial at the beginning of the financial year and were fully extinguished once buy out was completed by Just Group in October 2024.
## Principal Risks and Uncertainties
The principal risks and uncertainties facing the Church relate to lower levels of income failing to keep pace with the inflationary rises in expenditure experienced over the last few years despite some significant reductions in church costs and resources. Regular donations from church members, the largest element of income, have remained broadly consistent with the levels achieved during 2021 and 2022 but fall significantly short of peak incomes in 2014. A finance sub-committee has been set up specifically to improve awareness throughout the church community of our reliance on independent freewill offerings, to review the suitability and accessibility of the mechanism of personal giving. In addition, the group will look at the strategic plan for BBC budgeting and prioritisation. Donations from church members increased substantially in 2024 due to increased regular donations from several members and an appeal for funds in July.
The Trustees have made an assessment of the risks facing the Church and are satisfied that there are policies in place to minimise these.
- 3 -
## **BRETTON BAPTIST CHURCH**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **Structure, governance and management**
The charity is a charitable incorporated organisation (CIO).
The Charity is governed by a constitution based on the Approved Governing Document for Baptist Churches which states that the principal purpose of the charity is the advancement of the Christian faith according to the principles of the Baptist denomination, to include the advancement of education, community service and other such general charitable purposes in such parts of the United Kingdom and the world as the Church shall determine.
The Church occupies premises which are held by the Baptist Union Corporation Ltd in Trusts which are entirely compatible with the above object.
Membership of the Church, as stated in the Constitution, is open to all who profess repentance, and a personal faith in God through Jesus Christ. All applicants are asked to consider earnestly the New Testament teaching on Believers’ Baptism.
The Members’ Meeting takes place regularly throughout the year and has responsibility for the overall policy of the Church. In accordance with the Constitution, the members appoint Trustees. Their number will vary being commensurate with the available gifts and necessary duties. The Trustees, together with the Minister, Church Secretary and Treasurer are responsible for the leadership and day to day running of the Church’s work and witness, including the financial and legal aspects of the charity. All members are encouraged to take an appropriate part in the spiritual and practical tasks involved in the furtherance of the charitable objective.
Relevant matters may be submitted to the Church meeting by the Trustees for guidance or may be raised by members in a Church meeting for further consideration by the Trustees. Though the Constitution permits decisions to be made at Church meetings by appropriate majorities, the Church seeks to work by consensus wherever possible.
The trustees who served during the year and up to the date of signature of the financial statements were: Janet Kirt (Resigned 7 July 2024) Elizabeth Hallam Richard Standbrook Rev Brian Stocker Christine Graham Peter Wingate Christopher Culy
None of the trustees has any beneficial interest in the CIO.
The trustees' report was approved by the Board of Trustees.
Rev Brian Stocker **Trustee**
Christopher Culy **Trustee**
25 May 2025
- 4 -
## **BRETTON BAPTIST CHURCH**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BRETTON BAPTIST CHURCH**
I report to the trustees on my examination of the financial statements of Bretton Baptist Church (the charity) for the year ended 31 December 2024.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Institute Of Chartered Accountants In England and Wales (ICAEW), which is one of the listed bodies.
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
## **Mark Jackson FCA DChA**
## **Azets**
Westpoint Lynch Wood Peterborough Cambridgeshire PE2 6FZ United Kingdom
Dated: 2 June 2025
- 5 -
## **BRETTON BAPTIST CHURCH**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
|**Unrestricted Unrestricted**
**Restricted**
**funds**
**funds**
**funds**
**general**
**designated**
**2024**
**2024**
**2024**
**Notes**
**£**
**£**
**£**
**Income and endowments from:**
Donations and legacies
**3**
260,202
-
10,058
Charitable activities
**4**
4,744
-
-
Investments
**5**
5,536
-
-
Other income
**6**
-
-
-
**Total income**
270,482
-
10,058
**Expenditure on:**
Charitable activities
**7**
228,474
6,364
11,828
**Net incoming/(outgoing) resources before transfers**
42,008
(6,364)
(1,770)
Gross transfers between funds
(8,250)
8,290
(40)
**Net income/(expenditure) for the year/**
**Net movement in funds**
33,758
1,926
(1,810)
Fund balances at 1 January 2024
143,072
20,485
14,125
**Fund balances at 31 December 2024**
176,830
22,411
12,315|**Total**
**Unrestricted Unrestricted**
**Restricted**
**funds**
**funds**
**funds**
**general**
**designated**
**2024**
**2023**
**2023**
**2023**
**£**
**£**
**£**
**£**
270,260
192,215
-
13,706
4,744
6,159
-
1,659
5,536
10,205
-
-
-
142,505
37,736
12,463
280,540
351,084
37,736
27,828
246,666
208,281
17,251
13,434
33,874
142,803
20,485
14,394
-
269
-
(269)
33,874
143,072
20,485
14,125
177,682
-
-
-
211,556
143,072
20,485
14,125|**Total**
**2023**
**£**
205,921
7,818
10,205
192,704|
|---|---|---|
|||416,648|
|||238,966|
|||177,682
-|
|||177,682
-|
|||177,682|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 6 -
## **BRETTON BAPTIST CHURCH**
## **BALANCE SHEET**
## _**AS AT 31 DECEMBER 2024**_
|**Notes**
**Fixed assets**
Tangible assets
**12**
**Current assets**
Debtors
**13**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**14**
Net current assets
**Total assets less current liabilities**
**Income funds**
Restricted funds
**16**
Unrestricted funds
Designated funds
**17**
General unrestricted funds|**2024**
**£**
7,084
187,884
194,968
(5,533)
22,411
176,830|**£**
22,121
189,435
211,556
12,315
199,241
211,556|**2023**
**£**
6,861
156,063
162,924
(5,437)
20,485
143,072|**£**
20,195
157,487|
|---|---|---|---|---|
|||||177,682|
|||||14,125
163,557|
|||||177,682|
The financial statements were approved by the Trustees on 25 May 2025
Rev Brian Stocker Christopher Culy **Trustee Trustee**
- 7 -
## **BRETTON BAPTIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **1 Accounting policies**
## **Charity information**
Bretton Baptist Church is a charitable incorporated organisation (CIO).
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 8 -
## **BRETTON BAPTIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **1 Accounting policies**
**(Continued)**
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
10% and 33% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **1.8 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.9 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
- 9 -
## **BRETTON BAPTIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **1 Accounting policies**
## **(Continued)**
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## **1.10 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **3 Donations and legacies**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**general**
**2024**
**2024**
**£**
**£**
Donations and gifts
260,202
5,291
EMBA grant
-
4,767
260,202
10,058|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**general**
**2024**
**2023**
**2023**
**£**
**£**
**£**
265,493
192,215
13,706
4,767
-
-
270,260
192,215
13,706|**Total**
**2023**
**£**
205,921
-|
|---|---|---|
|||205,921|
- 10 -
## **BRETTON BAPTIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **4 Charitable activities**
|Income within charitable activities
**Analysis by fund**
Unrestricted funds - general
Restricted funds|**2024**
**£**
4,744
4,744
-|**2023**
**£**
7,818|
|---|---|---|
|||6,159
1,659|
## **5 Investments**
|||||**Unrestricted **|**Unrestricted**|
|---|---|---|---|---|---|
|||||**funds**|**funds**|
|||||**general**|**general**|
|||||**2024**|**2023**|
|||||**£**|**£**|
|Interest receivable||||5,536|10,205|
|**Other income**||||||
||**Total**|**Unrestricted **|**Unrestricted**|**Restricted**|**Total**|
|||**funds**|**funds**|**funds**||
|||**general**|**designated**|||
||**2024**|**2023**|**2023**|**2023**|**2023**|
||**£**|**£**|**£**|**£**|**£**|
|Transfer in from Bretton Baptist||||||
|Church (unincorporated charity)|-|142,505|37,736|12,463|192,704|
## **6 Other income**
- 11 -
## **BRETTON BAPTIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **7 Charitable activities**
|Depreciation and impairment
Activities undertaken directly
Share of support costs
Share of governance costs
**Analysis by fund**
Unrestricted funds - general
Unrestricted funds - designated
Restricted funds|**Ministry**
**2024**
**£**
1,273
113,141
114,414
4,839
1,860
121,113
115,073
1,273
4,767
121,113|**Mission**
**Establishment**
**2024**
**2024**
**£**
**£**
3,818
1,273
49,828
43,839
53,646
45,112
20,096
6,699
-
-
73,742
51,811
62,863
50,538
3,818
1,273
7,061
-
73,742
51,811|**Total**
**2024**
**£**
6,364
206,808
213,172
31,634
1,860
246,666
228,474
6,364
11,828
246,666|**Ministry**
**2023**
**£**
3,450
99,420
102,870
4,887
1,740
109,497
105,777
3,450
270
109,497|**Mission Establishme**
**nt**
**2023**
**2023**
**£**
**£**
10,351
3,450
47,253
41,908
57,604
45,358
19,880
6,627
-
-
77,484
51,985
53,969
48,535
10,351
3,450
13,164
-
77,484
51,985|**Total**
**2023**
**£**
17,251
188,581|
|---|---|---|---|---|---|---|
|||||||205,832
31,394
1,740|
|||||||238,966|
|||||||208,281
17,251
13,434|
|||||||238,966|
- 12 -
## **BRETTON BAPTIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **8 Support costs**
|**Support**
**costs**
**Governance**
**costs**
**£**
**£**
Admin salaries
17,659
-
General admin costs
6,468
-
Licences and
subscriptions
7,379
-
Bank charges
128
-
Independent examination
fees
-
1,860
31,634
1,860
Analysed between
Charitable activities
31,634
1,860|**2024**
**Support**
**costs**
**Governance**
**costs**
**£**
**£**
**£**
17,659
20,409
-
6,468
7,470
-
7,379
3,510
-
128
5
-
1,860
-
1,740
33,494
31,394
1,740
33,494
31,394
1,740|**2023**
**£**
20,409
7,470
3,510
5
1,740|
|---|---|---|
|||33,134|
|||33,134|
## **9 Trustees**
During the year, one trustee and one person connected with a trustee received remuneration from the charity. The total remuneration paid to trustees and connected persons including employer pension was £58,986 (2023: £58,395).
During the year, one trustee and one person connected to a trustee were reimbursed expenses of £181 for travel and hospitality (2023: £832). £2,586 of council tax was paid on behalf of the Minister (2023: £2,434). One trustee is accruing benefits under a defined contributions scheme (2023: 1).
During the year, donations were received from six trustees totalling £19,029 (2023: £14,244).
## **10 Employees**
The average monthly number of employees during the year was:
|**2024**|**2023**|
|---|---|
|**Number**|**Number**|
|6|6|
There were no employees whose annual remuneration was more than £60,000.
## **11 Taxation**
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
- 13 -
## **BRETTON BAPTIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **12 Tangible fixed assets**
|**Tangible fixed assets**||
|---|---|
||**Fixtures and fittings**|
||**£**|
|**Cost**||
|At 1 January 2024|189,539|
|Additions|8,290|
|At 31 December 2024|197,829|
|**Depreciation and impairment**||
|At 1 January 2024|169,344|
|Depreciation charged in the year|6,364|
|At 31 December 2024|175,708|
|**Carrying amount**||
|At 31 December 2024|22,121|
|At 31 December 2023|20,195|
The Church premises and Manse have not been included in the accounts as they are held by The Baptist Union Corporation Limited, on trusts which are entirely compatible with the Church's charitable objectives. The current value of the Church premises is £2,047,409, which is the insurance value as stated by the Trustees. The Manse reinstatement value is £576,455.
## **13 Debtors**
|**Amounts falling due within one year:**
Other debtors
Prepayments and accrued income|**2024**
**£**
255
6,829
7,084|**2023**
**£**
748
6,113|
|---|---|---|
|||6,861|
## **14 Creditors: amounts falling due within one year**
|Other taxation and social security
Other creditors
Accruals and deferred income|**2024**
**£**
2,131
226
3,176
5,533|**2023**
**£**
1,830
70
3,537|
|---|---|---|
|||5,437|
- 14 -
## **BRETTON BAPTIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **15 Retirement benefit schemes**
The Church is a participating employer the Baptist Pension Scheme (“the Scheme”), which is a separate legal entity administered by the Pension Trustee (Baptist Pension Trust Limited). The Scheme, previously known as the Baptist Ministers Pension Fund, started in 1925. At the beginning of the financial year, the scheme comprised of a defined benefits scheme which was closed to future accrual on 31 December 2011 and a defined contribution plan which was opened in January 2012. The assets of the Scheme are held separately from those of the Employer and the other participating employers.
For the current financial year, the pension provision for members of the Scheme is being made through the Defined Contribution (DC) Plan. In general, members pay 8% of their Pensionable Income and employers pay 6% of members’ Pensionable Income into individual pension accounts, which are operated and managed on behalf of the Pension Trustee by Broadstone Corporate Benefits Ltd. In addition, the employer pays a further 4% of Pensionable Income to cover Death in Service Benefits, administration costs, and an associated insurance policy which provides income protection for Scheme members if they are unable to work due to long-term incapacity. This income protection policy has been insured by the Baptist Union of Great Britain with Aviva Limited. Furthermore, members of the Basic Section pay reduced contributions of 5% of Pensionable Income, and their employers also pay a total of 5%.
In October 2024, the insurance company Just Group completed a buy out of the liabilities of the closed defined benefit scheme. From that date any remaining liability of the participating scheme members to defined benefit scheme ceased and the £1 per month deficit contributions payable by the participating employers which were agreed in the recovery plan approved in August 2022 also ceased from that date. Administration of the closed defined benefit scheme transferred from the pension trustees to Just Group from that date.
- 15 -
## **BRETTON BAPTIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **16 Restricted funds**
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
|||**Movement in funds**|**Movement in funds**||||**Movement in funds**|**Movement in funds**|||
|---|---|---|---|---|---|---|---|---|---|---|
||**Transferred in at**|**Incoming**|**Resources**|**Transfers**||**Balance at**|**Incoming**|**Resources**|**Transfers**|**Balance at**|
||**1 January 2023**|**resources**|**expended**||**1**|**January 2024**|**resources**|**expended**||**31 December**|
|||||||||||**2024**|
||**£**|**£**|**£**|**£**||**£**|**£**|**£**|**£**|**£**|
|Vulnerable Household Support Fund|8,312|-|(8,044)|(268)||-|-|-|-|-|
|Community Outreach Grant|3,169|229|(3,458)|60||-|-|-|-|-|
|Hardship Fund|981|4,688|(558)|-||5,111|3,426|(1,963)|(30)|6,544|
|Woolgard|-|505|-|-||505|-|(451)|(54)|-|
|Family Feast Fridays|-|744|(379)|-||365|-|(354)|(11)|-|
|Youth Christian Camp|-|915|-|-||915|-|-|-|915|
|Community Health Project Grant|-|8,284|(995)|(60)||7,229|1,865|(4,292)|54|4,856|
|EMBA - Minister in Training grant|-|-|-|-||-|4,767|(4,767)|-|-|
||12,462|15,365|(13,434)|(268)||14,125|10,058|(11,827)|(41)|12,315|
- 16 -
## **BRETTON BAPTIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **17 Designated funds**
The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:
||**Balance at**|**Resources**|**Balance at**|**Resources**|**Transfers**|**Balance at**|
|---|---|---|---|---|---|---|
||**1 January**|**expended**|**1 January**|**expended**||**31 December**|
||**2023**||**2024**|||**2024**|
||**£**|**£**|**£**|**£**|**£**|**£**|
|Bowls Club capital fund|290|-|290|-|-|290|
|Fixed assets|37,446|(17,251)|20,195|(6,364)|8,290|22,121|
||37,736|(17,251)|20,485|(6,364)|8,290|22,411|
- 17 -
## **BRETTON BAPTIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
|**18**
**Analysis of net assets between funds**
**Unrestricted**
**funds**
**Designated**
**funds**
**Restricted**
**funds**
**2024**
**2024**
**2024**
**£**
**£**
**£**
Fund balances at 31 December 2024 are
represented by:
Tangible assets
-
22,121
-
Current assets/(liabilities)
176,830
290
12,315
176,830
22,411
12,315|**Total Unrestricted**
**funds**
**Designated**
**funds**
**Restricted**
**funds**
**2024**
**2023**
**2023**
**2023**
**£**
**£**
**£**
**£**
22,121
-
20,195
-
189,435
143,072
290
14,125
211,556
143,072
20,485
14,125|**Total**
**2023**
**£**
20,195
157,487|
|---|---|---|
|||177,682|
- 18 -
## **BRETTON BAPTIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **19 Operating lease commitments**
At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:
|Within one year
Between two and five years|**2024**
**£**
996
-
996|**2023**
**£**
1,304
996|
|---|---|---|
|||2,300|
## **20 Related party transactions**
There were no other disclosable related party transactions during the year.
- 19 -