The Chariii Registrydiion Number is=_ 12010i8 The Baplisl Union of Wale5 Report andAccounls 31 December 2024 Chr£rtered Certljled A¢¢ount¢ints RI￿rsIde House Nornu7ndy Road &41 &TA The Baptlst Union of M'ale5 Report and attouknt5 for the yexr tttdtd 31 Dtttthbtr 2&24 C'hmrit)" infurm*tio Tru51tts'.InnuAI Report 141tM¢nl 4)f Tr￿￿1¢¢$, r￿p￿￿*&bIlItIeS Indcpendenl..luditur5' Ktpurt Stht¢meni ol'Finan¢ial A£tiviti¢s ('*ih SiAiemtnt 19 21 Tht B#pti%t Uttion of Wales Trustees, Annual Report for tbe year ended 31 December 2024 'lThe"ITuslrcs pre5eni IheiT Kcpm and Acc(vJnts fur ihr!tJtendcd Jl Lkcctnbct 2(b24. Reference and adminislrJtiYe detail The choritj, Th¢ legal nameof th¢ charity is.- Th¢ Bapti￿ UnioTh o(Wales ThL' iharii) is also knoiln bl 115 UPLYaiing nanK'. Illldcb Bcdyddw)wC>Tnru. 'I'hc knharil) iy r<81y￿red in F.n8lxThJ & Wale5 M'iih rh¢L￿￿ty Commi%%M>n in F.ngland & Wslcs ICCF.Wl Iiith ￿h￿rIt5 numbL'r l?01058 Th¢ ¥hariiy dots not op¢rat¢ in 4ny ¢)Y¢rs¢4s j￿sd]U1ons LÉxulyrruitsreuJthe choTIty 'rhe Lharily 1% C'hariiible InLX)rporaied organi*aIK￿ ICIOI in 1-'n￿and & Walt%.'lTht 801'erning dI￿ul￿ent ol'LhL' iharil) Is Ehc ion%tlEULLon ufthc C-10 as llppruve41 b) the Lhllri¢!' C'(xnmission Lll l..nBlund & Wales IL'I'I.'WI 'I'hL gciviming dcKumLnl i% 17111121122 'IbLr¢ ar4 ni) N'siriiiic>n.% in ih¥ gi)l¥ming J()¢umcnis on thL' op¢rniion orth¥ Charii). or i)n its inNLsimini pL)wirs iiihir Ih4Ln IhiisL impii4Lxi b) C-harili l.ai4. 'I'h¢ In￿¢¢￿ w¢ all Lndiv1th￿ 'rht prlncip41 optr•llni addre￿ ItltphoNt number. tmaii Thtb •ddrtS5e5 of the rharllv ll￿-_ Building 2 Par¥ Dewi Sant. Job5 Well Road. c￿rMa￿LI1 SA313I1tI 'ril¢phvne 0345 2?2 1514 Email AddrL55 PV511¢('U￿'.kn)1nrU '¢baddre5s mMW.bu￿..w*l Tht Trwttes in oifice the datt Iht ￿p￿rt w.as appro1"￿ The￿=_ #Ir Revd Steve Wallis Reid Emljn Dok Mrs Ann ￿￿￿en Nlorgan Re￿d Judith M()Yfi%. FSA. NlphLI. NITh Mr rj1ynd￿r PrIde9￿X Miss De]￿h Willianls Revd Sue Phillips Mr. Bill Da￿leS IChuiTI vd Mrrw) RIB6 03AHQ025 Tht B#pti%t Uttion of Wales Trustees, Annual Report for tbe year ended 31 December 2024 The follom'ing persolls 5tr%td as TThsttt5 during iht i'tareudtd 31 Dettmbtr 2024=_ Dgte of resignAtion Rcid Slevc Wallis Reid Eml>n Dole Mrs Ann Bowen NlorBaD Re￿d Judith mo￿ls. BA. Nlphil. Kffh Mr GI￿nd￿r pride￿￿¥ Miss D¢lyTh WIlliAm% Mr Franci% Maull Mr. Bill Dabies Ichawl Revd MeTryn Ri 0310412025 Objects activities of the ¢h*rity Thepurpu.$e.s ofihe ehtstio. tt.s s¢ioui in its %uwernln£ doc4menL 'I'hL' objLCt ofthL' Ilapiisi Ilnion ofm'ales IherLMfter ihe Union) is, for ihe public benLfii. Ihe advancLmLnl or lh¢ C'hriyiiiin laiih ils praL¢iL¥. ￿5￿*1￿]1! M" th¢ m¥ans ot'and in a¢L(brnlanLL i%i¢h IhL prinLiplLs ()I'thc Iluptibt dLni)minaii()n in pthiiular. bui n(Trl LXLIusivLlI'. Ihrnugh Jni. i)r all (IfihL r(Il](Tr￿1ng mL4Lll5'. l.'I c) pr()pJbyati th¢ knc)wl4dbi cil'ih¥ dixirin¢ and prJ¢iiii of ihi n¢w li%tsm¢ni; 2..1 (i Lulli￿all um(In&s1 IL% iiwn mLmbL'f5 fLspL*I I(TrVL 4iThJ i(￿(￿￿ra111)n fi)r and 14.ith i)IlL iiniiihLr. und li) all i¥h() Ii)i¥ th¢ l.i)r(l ('hri%l. ii'hilsl r¢.5￿￿11n￿ ik. ind¥TrnJin¢i (Trl'¢%'iry' Q'hurlh in mJtt¥rs p¥rtJinin&J ii) ils {l￿n g(i%'irnmini and di%iiplin¥- 3.'11i *uppi)rt LhurLhL% in Mi￿%11)n and minisir). inLludin8 ihL r()nnaii(In (TrfLhurLhL'%. C'hrislldn Ll)mmuniiies and illl ilgTi mini51ri¥b and M 5uLh oihcr mLth(NJ5 thl rouncils or jvini c(iunLil shiill dilLmiinL. 4. Tci dllcird i)ppcTrnuniiiL.% fcTrT L()nfLfLnLL and lor uniiLMI aLllI)n on qu￿￿11(￿nI anLLting Ihl }￿Li[arL (IfihL Ihur¢h¥s, Ihi support of ¢h¢ ministr% and Ihi ii¢¢n5ion of th¥ C'briaian f4ith. ixjth ai homi and abroad., 5. 1 li prom()tL g Jnd ()fth¢ ljnivn Jnd its ¢hur¢hi% and io ¢i)ntsidir lh¢ mi)%1 appropriall mLans to nurturl thc5c rc50urrcs for th¢ of thc Union, the churches and thc Kingdom of Chri%t'. 7."10 (Ibiain and di55¢minal¢ accurale inf(mtion re5p￿tIng the organisalion5. laiKkurs and 5uff¢ring5 of Baptists Ihroughoui IhL M'orld= and 8 to conl¥r and iTrOP¢rnl¢ th.ith oth¢1 C'hri￿lan £(￿muni11¢S as orra5ion ma%" rtquire. Tht B#pti%t Uttion of Wales Trustees, Annual Report for tbe year ended 31 December 2024 The main uclivilies undertaken in reloliott lo ihosepurposes during iheyear. 'Ihe Llnion established as a CIO on 17 Noiember 202? On 31 Jul). 2023. the assets and liabilities of the Baptist Union ol'lN'alLS isLfL' translLrred 10 ihe nil4" CIO and on l AUEUSI 2023, Ihe CIO look 0￿er ihe itLlivili¢5 oftht BilPiiS1 Ilni(In (If Wrl ThinisiTh' i&ithiTr the L()nlc¥t ()f the 2041 Report. The Union operdies b), proTr'iding sup￿r￿ and ￿"here appropria*. leadership, io member churches as ihev seek 10 work in iheir iommunilies and in iheiT o%i'n l#rtguag¢. This support in¢ludLs h¢lp to di8¢¥m 51raiegi¢s for church life. prnciical and lindncial assisunce as appropridte, as Mell as PTOI'ision of ILgal and administrati￿¥ s¥'tvi¢¢s {larg¥li' through ih¢ WLlsh Bapiisi Union Lorpordtion Limii¢dl', and ii is th¢ int¢nii(In ()fthL Ilni()n. bi pr(ii'idin¥ wptM)rL 11) help LniiblL LhurLh¥5 1(} TL%P(ind i() thLir Lulling. ThL I Inii)n h&s alsi). in Lo-operation M'Lih ihe Welsh Ilapiisi Union C-Or￿ratIOn l.imiied. faciliL8ied Ihe realisatii)n ol-lhe vi%ic?n i)I'thL' %%iimLn'4 Jn()vLtntni (If thi Lhurches io pNJvide resideniial i*e fi)r the elderly at thL WLl4h I1￿7Plist homL ai Cjli'n NLsL NLwiasile I:mli'n. In IhL LciursL cil'ihLir m￿ag¥MinI of IhL ljnion. thL trus￿¢$ havl regard for th¢ publi¢ bLnLf)t providld bv Ilnii)n uiliVitie%, and ihis 15 a f¢aiure both ofthe Union's WLwk in support of member chuTLhe& and i)f 115 l. 'I'hri)u¥h %uprx)rting m¢mb¥rLhurih¥s limblr ihurLhi.4 pr(iTri4Ji publiL IK'iiifii ihnbugh rK)rmal churLh aCiivitie& inLludirtg Ibul rtl)l TL%triLILd i(il provi*ii)n (if puhliL Wl?rship i)pportuniiiL%, ￿ iIL.11 &s c)IhLY bL'nLr1￿ suih PTO%'ision ()fLhurLh halls li)r mLx'iings i)I' Ii)Lal gpr()up%. vl-LLm¥'liYiLS usL'd b%" IhL i%"idir (￿mM￿1)It1. %undil! yLhi)i)lts, )()uih Miirk. &Triiup and PLThi>nal 1)fkindnL%S in ihL Ll)mmuniii". inLluding LaTL l)fthL %iik. di'ing. and bLrLuvl￿. Li)un%Lllink, dibi ¢()un¥¥lling, pr()iisi()n i)f fix)d hanks. lunih¢É)n ¢lubs and ralis. In addill(In. I Inii)n %uppi)rt ti) ¢hurih¢s inLludL% a%si%lin&i LhurnhLS in Li)mpl)ing iiith rLNUiTLmLnis lur ￿r¢&JU&lrdln&j vulnLrahlL indifviJutils. i*iih a %'Ll4Y 10 ¢nsurin8 h)Ih lh¥ pr¢*inii()n i)f harni ad(Ipii(In ()I'g()i)d prJ¢tii¢. Ilnion 5UPP()n l(Ir ¥hurih¥5. iihiihir b! dirnLi finaThiial grani ioii-ards minisliriiil stir￿ndS or 5PLiifiL PTiijILI%. medsurLbd aLLI)rdin8 IcTr need, i)r hi" LnL(iurdgLmLni. c)r admini%iraiive Jnd le8Jl %uppi)rt. faLiIitsiL'% ihL puhliL 'n¢lilb providi￿ bi 5UPFX)rt¢d mcmbcr Lhurchc5. Pil!Thcnl ol-IhL mimbcr church rontribuli()n a church li)r a i'Ldr I%LIt dl £20.00 rL,rATrrtL￿ mLmtK'r 4)fa chuTLh in 2024) LmiiilLS a churLh ii) Jll k'nLlii% (Il. M¢M￿.r5hip.' and in prar¢iL¢, apart fTom th¢ righ¢ io allind ¢h¢ Jnnual confcrn'nrL. and io h¢ ronsidLr¥d for linaniial 5uppon, IhL ginLral p&siordl k"nefits ofunion mLmkYship arL noi usualli. iliihhlld 51)ILI!' bL'LausL mimb¢r5hip ¢iintribuiivns hai'¥ nvl k'in paid. Th¢ d¢ri5ivn io ¢xrlud¥ fri?m Ilnivn m¢mh.rbhip Jnd all "nLli15 15 iakcn onl!. aftcr carlful con5idcrntion along 14iih paAoral considcralions lo a non-pal'ing church. 2. Bi. direct acti￿.1¢1¢5 In addiiion. Ihe lJnion acts direcil¥ ￿ provide public benefii b¥. Ihe ad￿ancement of ihe Gospel ol'chrisl in acrordanr¢ with the prinrip1¢5 ofihi. Ilap11515.' M sUPPOrting students in mini51¢riJl training.. b) encouraging and sUPPOrting Minisllrs to Lqkc sabbaiiial& b! arranging mini51Lrial and IcadLTShip rctrcats and ii?nferertL¢S.' fa. ¢iliLLling 3Lh¢m¢s lo suprA?rt ihurLh¢b in miisiiTrn Jnd bi" ¢ontrihuling with ()Ih¢r ¥rvups io Christian w'i¢ne55 in rnatlers ofwcial jusiice. Tht B#pti%t Uttion of Wales Trustees, Annual Report for tbe year ended 31 December 2024 Delfjil.f of.fignificanl activi11￿ (including ils mainprogrqmmes* prnjects, or.se￿i¢e$ prnvided) Ihul eolliribiiie io ihe uchievemeni olihe sitsiedubjeLiives. 'CalLg(ID 7 Mi>iii)nal Nlini%1¢￿'. Thi. ti¥ll C￿11£.¥()0 r(Ir [ni55iun￿il nilnis￿r$ ¢st4bli%h¢d which recognises and atfimis missioThal minisir% iiiihin our siruaures- proi.ides a iraining paihMaN' lor those called li) tnis%ional mini%tn i)IY¢rs a Siru¢iui¢J Lart supwirt pa¢kag¢ fi)r ihi)se engag¢J in thi% ministr>'. 'Oi'erseas Mission Workers'."ltht Union continues io H'ork with oi'erseas mi55ion ￿orkerS through the LIK VISA sponsorship progrythme. ThL applicaiion proce&s for ministLYial L￿dId&lL￿ M'as also rLNiew'LSd. The coniribuiion of volunieefs during ihe J'ear. The lJnii)n relie8 he&￿ily volunieeru)mmiiiee m¢m￿r$ Ctslltribuie IK)th ger)ernl knowledge tsf churLh lilL and Spicialisi expLrtise. -I'he Union i'alues highl). Ihe con(ribuiion of thL N'olunicer ci)mmitiee MlM￿.¢$ wiihou¢ %4'hom il could not op¢ra*. Granl makinRpoliciu and how ihefe conirihuiedio ihe Ochieven￿nI oiihe chariry'.f aim.s and bjeciive.f durinR ihe J'eur. ThL. Ilnii)n makL% grdnis (Trui orrund& both 10 churches al￿ inter-church pr(ijects. and In individual%. li has LsiJbli%hLxl J granis pan¢1 ii'hiih duls iiiih r¢qui&ls Ir()m ¥hur¢h¥% #nd indii iduals fi)r finanLiJl suppi)n. 'I'hi punLI approximalL'ls' IhrLx )'vdr. 'ILn mini.¥tcrial/missi()n grants madL during 2024. The main Aehiei'emenls and perftsrmatsee of ihe ch*ril!' during ihe yur. wi)rking gTOUP estsblishLd io Lon%ider lifelong learning optmjnuniiies fi)r Minislers. A meeiinu) (Il'ihL (irdni4 pdnil M-%15 h¥ld io r()nsiJ¢r iippliijiions from L'hur¢h¢s lind %iud¢ntts. l.(iur induLlI()n %¢rvi¢¢¥ hLld li)r Minislirs. W()rk M'd% undimakLm Miih Ihl IniLrdLnominali(Trndl %afLguurding l>aiiLI li) LII%UTL Ihai dppr()priJti dnJ pr(KixluN* ii"irn' pr(l￿￿]y impl¢m'nwxl in ()ur ¢hurih¥% Jli)n¥ wilh l)Il% ¢hi¢ks and training. Updails lo thi Safiguarding I landbook wcrl circulaiLd. Monihl% Mini5tL'rial Supp(irt ML*•iing% Ll)ntinuL'd 11> ￿. hLld i)i"L'r 7.Ix)m w.hich c)IYLYL'd Jn (Trpp4)rtunit! fcTrr ILarning. fLllI)w%hip dnd iior5hip."I'hL ini¢ialii'¢ for Noung pcoplL'I..5&im' launch¢d and atlrnLlcd oNir 3111"(Trung pc(Iplc to it5 first IveLk-Ind mLiiing. l>ldnninbTr lor subsLquLni mLLMings is underwa!.. PrLpaTaioTh work on &ssisiing ChurLhe% %￿h0 wish ¢0 r¢gisi¢r I'IV's b%n romp1¢1￿. Fundrai.fing oclivilies during lheY￿r. The rhJrity rrlies on inv￿¢m¢nI inrom¢ Jnd on membrr ctmiribulion5 to it5 budg¢L and a15(i w¢iv¢s ¥ift5 from oihcr donor5. %ih(kse 5UPPOrt is ialucd. and. on occasion. as uliimatc kncficiaTr in ihe trusts for chapcl pr()peftie% iihen findll%' L](Trw￿ fcw w()r%hip. Durin¥ 2024 Ihe ChurLhe% railed fund% fi)r thL ('hri%lldn Aid '"I'alen15 01-1 lope Appeal, for neil" mdhods of fam)ing in Limbabile wthere liielihoods had been atTected b climaie change. Tht B#pti%t Uttion of Wales Trustees, Annual Report for tbe year ended 31 December 2024 The difference ihe ¢hurity sp¢rfurmtsnce d4rin£ ihe i'edr hos mode to ihe beneficiories ofihe eharity. An intormaiiort doLum¢ni is prL'pared annuall%' for all chllrchL￿ M'hich sets out the benLfits of the services proi'ided b). the charii). in relalion ￿ ihe membership subscripiion fee paid bi" the churches. It refers to bL'llLtiis such as ministry. and mission grdnis. min1￿cri81 acerediL8tion, ￿ll￿ent Erants, sateguardinE, uidanL¢ in r¢lalii)n i(1 buildingj. L¢m¢ifi¢5 rw51 d¢¢ds e¥Lepl¢d Lhd banks. nighi shLlw'rTr and %lrLLI p&%ii)r sLhLlllLS. 'a¥iliMiii)n i)1 ()p¢n 14cii>k' ￿h¢M¢S in local xh(N)Is. Eiili.%ing aMarnni.%% rL.%piinding [(} i.%%uLs.%uch as ihL rLfugLY cri%is= CJrandni<)IhLrf% I>LdLL Iniliulii'l and rK)liiN upddl¥s in r¢laiicin ti) thi ¥xlu4aiii)n ¢urriiulum.' 1sra¢'l and (its/a L()nfliil. l al¥ni% c>l'l Ii)pL ('hrisiian Aid AppLUI. Rai.%inb? Luliural aM"arL'ne*s b*. o￿Tring chapLl% io the public on dals oihLY Ihan ￿hLn %L'n'tcc% arL. hLId. ()n-g(iingi %upp()rt in LiinjunLlii)n wilh ¢hi Wil%h Ilapii%l Ilnion L'(Trrp(r￿l1inlLYI in acLX)rdanLe with Ihc rulcs a￿j rc8ulaiions ￿ doiim Mithin thL cunsliiulii)n. Thep￿liCie.F aNdpry￿e￿4re[fOr ibe inducliou qndtraiving ofiru.sleef. Alihi)ugh thL"I'ru%lLL% arL' L'XPLfiL'nLLd in IhLir oH"n flLld% thL nL'Ld r()r induLlI()n and (raining pr(KL%%L5 1% rullj K*ognised and a trua¢e induiiion p&k is king plann¢d. I'ru51¢¢ ¢raining 1$ farilitsied on an annual The orxoni.%olionol.FlrHclure of¢he charity how deri%iiiii.s fjre nwde. In 2024 there M'crc 286 churchc5 in mcmbcrship ii.iih ihc 14apiisi Ilnion ol. Walcs ￿hICh con%isis ol'a Wclsh l.WlbTUag¢ and l..n¥lish l.Jnguag¢ Wing. Approximal¢li" hi"{) Ihird5 of tho% rhurihcs rommunirali ¥ntirL'I Ihr(iugh thi rnidium ol-m'ilsh. a fLY' churihcs 0￿ra1¢ bilinguall! Mhi151 thc oihLTS communiiatL in l..ngli5h. F.&h ChurLh is li)Ldie41 iiiihin Ihe b(iunddrie% Éme i?f the I l A￿l()Ll￿tI1?rts dnd 1% in meMbe￿hIp with eiiher thc Il'clsh Languagc or English Language M'"ing. Thc Qounci15. ￿ffi0 appoini thc TrustCC5. gcn¢ralli" mcct biannudll), dnd are dLLI)un(able 14) Ihe Annual .4ssemblies ￿ ii'hich repre%en(aiii'es £)f LhurLhL% mai. vi)te. "Ih¢"I ru5t¢e5 3r¢ T¢5ponsibl¢ for managing the Union and d¢legak of the dai to da￿ dccision5 ￿ lh¢ CILniral SLLrLian' who MLLIS wilh IhL Chair ofihL TrusiLX Board and TrL￿Urcr on a rLgular basis. Mattcrs in r¢lalivn Iv Mini51rn", Nli&siiin. C'huTrh Jnd SIKiiil Re5￿m5ibilitI and Financ¢ ar¢ del¢gal¢d to th¢ appropriate Boards and Commiiiecs ii.hich agrce polic!" for (hesc aTea& The Gefterulsecreian. lo whom dffl. lo d￿. mUn￿geMe￿Il5 delegaied Th¢ namL Ot'thc GLneral SLYrciar¥". io ii.hom dai" io dai" managemeni of the charity is delegated b!. thc Ih#rii> Irusieex its R¥Tr¥T¢nd Judith Anrt¢ MvtTiX B.4, NIPhil. MTh. Tht B#pti%t Uttion of Wales Trustees, Annual Report for tbe year ended 31 December 2024 The chority Ilpllrt ofa wider nelwork. Th¢ Union is in ¢15S￿ratIon ii'iih ()Iher Bapt15ts through uThbrellil organi5ations such as the W(?Tl(J MissionlBapiisi Missionan. SocieTh i. Baptist World Alliance and the European Bapiisi Federaiion, as well &% Ihri)ugh %peLifiL &k%(Ki#tii)rt iiiih Btspii%t Org￿15￿111?￿% thmughcwi th¢ i¥i)rld. li i(￿l)Per#i¢4 with i)IheT churche5 in Wale5 Ihrough Organi￿lonS such as C-!1un IC-hurches'l"ogether in Wales) and the l.ree ChurchLS Ciroup., and in conni￿110n Mith safiguarding ihL Inierd¢rtominaiional Satiguarding Panel. The chdrirt s relaiionships wilh reldiedpunies. Uver and above the finanLial relationship110 iihich relerence is made in ihe linancial ststemenisl bil14CLn Ihl lJrtion and its rLlai¥d parti¢￿, Ihe ljnion prowidls imciburaglmimi and nurtUTiog (c) thL individuals dirnxily rtsp(In5iblL und a150 in somL cases adminisirdiive suppon. 'I"he related parties are.. Th¥ W¥lsh Baptist lJrtic)n Corporaiion Limiicd Th¢ BJptist Building l.'und lor Wales The eharlty's relatlonshlps wlth oiher iroups eharliits #nd Indivlduals 'I'hL' Ilnii)n has lornial r¢l41ionships wilh Ilapiisi and oth¢r c'hri￿lan ¢ommuniii¢s in th¢ follnH'in8 Ilaptiit Ilnii)n i)l-CirL'Ji l1ri￿1n. ai Tr￿lOnal and regional le%￿15 l.Illiiw%hip i)I' Ilapii.4I￿ in14Tithin and IrLlJnd IIM% W()rld Mik%ii>n ('N'iun IC'hurLhL'%'I ()b)LiihLr in WJlLs1 Jnd Frnx. chur¢￿.5 Gr(Trup IniLrdLniiminiili()nal %al&guarding Piincl Ilapti%t Wi)rld AllianLI Cin&Tr{)r >r Ysgpi)lii)n %ullM'Llsh Sunda! Sihix)l% Council) l)M) Ilg(Ir i .3 Y%gril¥nn%"dd IC'(Immill¢x ol'(iLn¥rJl %¢rr¢wies of3 Iknominaiionsl Wi15h pl￿¢5 01-WoT5hip Forum Bank¢ Unity TruA Bank. PLC Pothecar). Witham W'eld 84 tcclesion Square. PimlicoiA>nthi. SWIII IPX Solicilot5 In*esEmenE adiisors Chsrfcs. Sthiey. 718 P￿k Place. Csrdiff. CFIO 3DP Aiivunianis Cr055 & Chartered Certified AccouThts￿ts. Ri￿￿[51(k House. NoJJnandy Road. SiianseL SAI ITA. Allditnrs Ellis Lknyd JoJK5 A￿11[ aLartered AccowLlants. I I p￿ Square. Ne￿TA)rl NP20 4EL Tht B#pti%t Uttion of Wales Trustees, Annual Report for tbe year ended 31 December 2024 Financial review The Lhori47 sfinunciulperfornianLefor the Jeur ended3J Decembcr 2024 2024 Periud to31 1)cr¢mbtr2O23 .1 olul income T(Ilul ¢xp¢ndiluTe 814.4P) 1?6%.3631 3.807.837 rltt incumt for the ytarlperiwj 351.776 3.731.142 On 31 July 2023. oss¢ts wilh 4 valu¢ Df£3.688.2¢hS ty4nsf¢rr¢d fr¢¥ll th¢ pr¢i4ously wis*rtl ]1gptisi Union of Waieq Lhnrily. Thes* been in¢lwJed in the ithl Int4)￿ for the 1031 t)ecember 20?3 of £3.807.837. IThL Ifu$iLL$ considLY thL financi￿ ￿r[Om>a￿¢c b) the ¢harii)' during thL have bL'Ln saii$fa¢torv. 'IhL Ilap¢is1 lJnion ol'Wal¥s r¢moins wliani M ih¢ ¢oniinu¢d finan¢ial suppon from th¢ WLlsh Ilap¢is1 Ilnii)n C'(?rpiiruli()n l.imikxi thL Ilaplisi Iluilding l.unJ f(IT WJlL%. The Lhurih sfintsnci4lpo.%iiion ai ihe reportin£ dale. JI Decemher 2024 'Ihi linaniial ￿)51(1[)￿ ofthc chari1* ￿ 31 Ikx&mbL'r 2024, as mor¢ full)" dc¢ailLd in thL accounts, can bl. 5ummari&ed &s lollows=_ 21124 21)23 IlnrL'%ifiLted Revenue Fund% available for Ihe gcncral purposts ofthe charits. 2.217.￿8 1.871.82 Resiricied Revenue Funds 1.365.310 1.8.59.322 ot*1 bund 4_082.918 3.731.142 Specific changes in fixed a￿￿ts ar¢ dela11￿ in th¢ note5 ￿ th¢ account& A¢ 315t Dec¢mb¢r 2024 ihe market i'alue of the invt5tTn¢rts of the chariti" ￿a5 £3,551,43612023- £3.506.4031 and Ihc c&sh rcservcs werL £319.41412023- £232.4791. Tht B#pti%t Uttion of Wales Trustees, Annual Report for tbe year ended 31 December 2024 Policies (pn reserve& The polic), is io ensure thai Ihe Union has sutlicieni frtt and alailable funds io med ai least 3 Months of anrtu)I hudgeied eNp¢[￿llure. In additii)n. the TTU%t¢¢% Ltsn4ider il is prudenl t() pmvide ftsT a furtheT 3 months for funding grants 10 churches and associations. Ai 31 December 2024. Ihis figure is estimated at £250,1)00, i¥hi¢h Ihatt ¢ol'iY￿ bi th¥ ¢utrL'nt ialui of WlN4tri¢1i￿ rcsLm.¢s. Avallubillty tsndadequuLy vf &&sets eueh ofihtfunds 'I'he board ol-"['rus￿S is saiislied thai the charii)'s in each fund are al'ailable and adequate to fulfil lis obli&*aiions irt N'sp¢¢i of Lach fund. As thL B1W¢l￿ lJnioth of 11.'al¢s' cori inLumL dlyr¢'a￿'S KLar i)n and IhL (IpLruiing Lo515 LoniinuL 10 rise, fLpfLsLniaiives of IhL Ilapiisi Ilnion (Il-Il'alLS l.inanLL ('()nimitlLL lh¥ W'llsh 14tiptist lJnion C'orporation l.imiiul ¢onlinu¢￿ io 10 r¥'Vikii th¢ linan¢ial r¥laiionship he(￿¢¢n Ihe two biidies in (Ird¢T iu pl¢LL¢ th¢ funding of th¢ Univn ofw&¢s on a fI￿¢T bdSi5. .Significuni events which have affeciedihefinuncialperformance and ihefinullciulprfi,fiiirfin. Apar¢ Iri)m Ihi l()latilil! i?I'ih4 sli)Ik mark¥l. Ih¢N. hai¥ IK*'n Th) Signifi￿￿( durink> ¢h¢ vLar thai hai'¥ IILLILd IhL linanLldl PLrfi)maniL i)r IhL linn ha% indiLdlLd Ici il% ini-L'%tmL'ni adviM)rs Jn JiiitudL l() ini'L'%tmLmi hJldnLLd f(>r LapiiJl dnd inriimL. H"i¢h risk limiiid as 15 appropriali for charil! Iru51Lxk and ￿1th Lliar guidilinLs 1)n %LLlI)rn t() be preferred or avoided beLause ofeihiLal conSide￿10n5. The pnajor r£fk.$ lo which ibe Charits. if ew.%ed qudreviewf and.iy.%lemi lo milixale ihe Thc Union rLcogni5cs ihai ihe main risk to wthich il is ￿t￿>s¢d is th¢ risk to which membcr churchc5 are expt)%ed.. Ihat is, Ihe li)$8 (Trf L()mmiiied Indi￿ldualS a%-ailable li) work i)n Ihe pft)jeLL%. and ihe Lhallenge% i)I' id¢ntilN"ing and bringing in5pird ￿0p1¢ for lh¢ lulur¢ i%ork. lTh¢'l TU5t¢e5 rontii)u¢ to re￿iCI¥ ihe M)sition and arc coniinuall) looking tor wais ofassisiing churchcs and church IcadLYS in promoiing ihc Christian m¢ssag¢ lo ih¢ wiikr rommunili. Th¢ lJnii?n dlsi) reL()￿lSe5 ihe risk in re1￿l()n 14? Ihe i-lildiilil! vf ihe ¥ii)ck markd %dti%fied thdl policie5 are in forc¢ 10 5af¢guard ihe fund5. Th¢ Inve5unent manager& C-harles su￿1¢}": pla)" a k• role in Ihis dnd rewyrt ￿ Ihe ITnion on a regular b&sis. Thc irnsiccs haTrc a dup. io ideniih. and rcvicm the risks io wthich the eharip. is cxposcd and io ensure apprtiprialt iurttrvls in place lo prtTri id¢ rrJ50nthl¢ ak%utJrtc¢ ag¢iill5t fraud and error. The tTUbte¢b sa115fied that Th'stems or procedures have been established io manage ideniified risks. 10 Tht B#pti%t Uttion of Wales Trustees, Annual Report for tbe year ended 31 December 2024 Fuc10￿ likely io affeci fuiurefinanci4lperformance. Due to Ihe chariTh' being heavil) reliant on iniestmeni income. the major (acu>r likel)? ty affect future fIn￿lia1 ￿r[c)rtn￿¢t 1% th¢ v<)latilil!" ()fthe sitsck maTk¢L Principfjlfunding.fource% in ihe Jear and how iheF¢.fupponihe kej objecliveF of ihe charity. .1 h¢ Llnion'5 main funding during ihe l'ear has been from inl'esuneni inLx)me and frL)m mLmber church coniributions. ThL LxpLndiiurL' on Union siail.. LommilL'e Irdi'ellin8 expensL'S. ConlLrCnLL￿ and rL4treats has en Piiid r()r fr(Im Ihis inL(Im¢.' 415 hai¢ lo churLhex churLh pN)j¢LL% individu￿lM. In pr¢paring thi)se rinanLial siatemenis Ihe'l'rusi¢¢s are requhred 10 :. - to prcwarL IhL uLcuunts in aLLI)rdance M'iih IlnilL￿ Kingd()m CJcnLrall)' AccwLd Aiiounting l)raill¢L Illnii¢xl kingdi)m A¢iouniing and appli¢able14wl. x.ILLt SUitsLblL aLLI)uniin¥ rM)IiLiLS and dppl). IhLm Ll)nsislLnil%': - m(IkL judbiLmillL% and islimai¥s thai arc ￿.￿n￿b]i and pwd¥ni: - prLparL ihL fiThanLiuI sts1lmcn￿ M thL going LYmCLrn unlLSS It is inappruprialc ttTr prL%umL' thai IhL Lh￿1). w'ill ii)niinuL' in busin¢s5: rLX()mmLndLd prdcIiLL hai'L jollow'l￿. subjlxi 10 ani. ma￿rial dipartur¥% dix1c1s￿ Jnd ¢iploin¢d in th¢ finan¢ial W￿￿¢nl8. ThL. Idw fL4UITL% thai the 1rus1LL￿ mLL41 noi appmve the accounL% UnIL￿ thL￿. 41fL' saiisfjLid ihai ihLy ¥iVL J IruL and fair view ofihe slate of affair5 orth¢ chariti. and ofthe sury)Ius or defiril ofthe rharit} for ihi }¢ar. ThL Tru5tCC5 arc also r￿￿ponsibl¢ for maintaining adiyuaic accouniing rccords which disclosc wilh c¥plain ihi iharil}'5 (ran&￿tiOnS and enable Ihcm to en5urc Ihai Ihi financial stsicmlnis compli" with re¥uldll(In.% mddL undL'r IhL' c-h￿l¢lL% ALI 2011. The% Jre dl%(i re%p(insihlL r()r %dfL'biUdrdinb ihL (If Ihe charii) and hence tor ¢aking rrasonable 5t¢Ps for th¢ prevention and ddertion of fraud and oth¢T irregularitlLS. Th¢ Tru5t¢¢5 ar¢ a150 r¢5pon5ibl¢ for ihe conlenis orth¢ Tru5tee5' TeporL and the 5taluion' Tespon5ibiliti of Ihe audiior in relation 10 ihe Tnjsiees. re￿rn is limiie4110 e.￿￿linIng the reJx)rt and en%uring thai. IhL fLpori 15 consistent Th'ith lh¢ figur¢s di5cloKd in the financiaj stal¢Th¢n This rerA)rt appr()%'ed b%. the IK)ard oftruslees Ém 31 (k'i()l)er 2025 REVD JUDITH MORRIS. BA. MPHJL. ￿tH MR GLYNDWi S. PRIDEAUX 12 The Baptist Uniott of Wales Indtpendent Auditors, Report to the Trnsttts of Ihe thgril), on tbe actounts for the ye9r tnded 31 Deoember 2024 We haie audiied the linancial siatemenis of The Bapiisl Union of W'ales ithe'chariTh'l for ihe l'ear ended 31 De¢¢mb¢r 2024 whiih lompiise ihe Svdiemeni of lindn¢iJl a¢iiiilies, swmerti tsrrirtanlial pi)silion, Ihe 8iaiemeni ot'cash flom's and Ihe related noies, including a summaTh' of signifi&gni accouniing policies. l.he financial Irporting tramL'work Ihdt has bLLm appIlL￿d in thLir prL'pardiion is applicablL law and Uniltd Kingdom ALLouniin8 Standards, inLluding FRS 102 The FinanLial Rep(ining SuThdard &ippliLable in the IIK RepubliL i)fireland Illiiiied Kingdom GLllLfdll¥ .4ccLpicd Accouniing PrdeiicLI. In our opinion the fjnancial sLq*ments= givL a true and fair Nicw of the swe ofthe chariiable companl's affairs as ai 31 Ikcembcr 2U24 and of its in¢ominbi rnWur¢l￿ artd applilaiion ol'N'sOur¢i￿. in¢ludithg ils in¢om¢ ond ixp4mdiiurc. tor th¥ I'¢dr ih¢n ¢nd¥d: hav¢ b¢¢n prop¢rl>' pr¢par¢d in ￿¢Ordance Miih Unii¢d Kingdom G¢n¢rall)' A¢¢¢M¢d A¢¢ouniing Praill¢¢: have been prepared in accordance wilh th¢ requirements of the C"hariii¢s Aci 2011 B**lx ffjr•ur oplthlon WL ii)nduLtixl i)ur audii in a¢cor4JanLL wilh IniimaiioNI ￿l￿dardS on Audiiing?11 IKI114.4s IIIKII and appliL(tbl¢ law. l)ur rL%Pi)nsihiliiiL* undLT IhusL' siandurd¥ arL furthlr &'%cribcd in Ihl audit(irf% r¢￿p(In¥1hlllliL5 l()r IhL uudit i)I' Ihi linJniial 4iaiLm4nis **iii)n i)fovr r¢pibr¢. W¢ ￿. IDdL￿n1￿.n¢ ibfth4 ihwii! in J¢¢cirJJn¢L wilh lh¢ ¥ihi¢al riquirnminii that UTL fLILvani i() ()ur audii (IfihL finanLiJl stswYnLnL% in thl I IK. Iniludink? Ihl I.'RC' % i.'IhiLuI Sitinddrd, dnd N-¥ hdvi lullill¢xt É)ur oih¢r dhi¢al N'%PL>n%ibiliii¢i in a¢i()Tdanii i¥ith Ihis¥ r¢'quir¢'mini%. 11 ¥ h¢li¥v that IhL audii idinLL hilVL obiainid is suifjciini and apprLipriaiL I(} PTOi'idc u b&%is lur ()ur (Ipini(In. Other Information 'I'hE' l)Ihir inlomiaii()n ii)mpri%'s th¢ infi)miaiion inLludixl in th¢ iinnual rn.￿)￿L ()th¢r ihan Ihl finaniidl %ldtiminLs nd our auditor'5 riport ¢hirnon. lthc IruSlLL5 arc risponsibll lor Ihi oihLT infornialivn. ()ur opinion on thu IindnLldl sldlLmLnLs diK'% ncTri L()%'Lr ihL ()thL'r inf()rnidiic)n Jn(l. LILL￿ io the L'KILni i)IhLrnISL LxpIiLjtly %lJLLbd in ()ur port. ￿.¢ do no¢ ￿presS ani lorni ofa55urdnc¢ conclusion th¢rwn. In connection wilh our audi¢ of ¢h¢ finanrial 51al¢m¢nts. our r¢5pon5ibilill IS lo read lh¢ oihvr inliimia¢ii?i) and, in dotng so. considLr M"hcihcr Ihl othLr inlornaiion is maicriall! inconsis[L￿1 wilh thc tinancial sialcmLnis or our knÉ)wlL'd¥¢ i)bGLinid in th¢ audit iTrr vth¢N"is¢ app¢￿ mtst¢rialli" mi￿￿(¢￿. If li"¢ idLntifi bULh miLILrial incon5isluniie5 or apparnnl maiLrial Misslatimin￿ li"¢ arl rcquired lo dderniinc whcihLT IhcTC is a malLrial mi8slatemeni in Ihe fLnanLial S￿lemen1$ or # material mi8s￿emen[ of the oiher infornidtii)n. Ir, hdsed i)n ihe wi)rk haTr¢ p¢rform¢d. Th"e conclude thai ih¢r¢ i5 a ￿ale￿al mi551alem¢nl ofthi5 other infonllation, ￿"¢ are required io repon thai faa. WL have nothing lo report in ihis regard. The Baptist Uniott of Wales Indtpendent Auditors, Report to the Trnsttts of Ihe thgril), on tbe actounts for the ye9r tnded 31 Deoember 2024 1atters on which we are required to report bi exception In the light of the knoiiledge and understsnding of Ihe iharii! and its en%'ironment obtained in the course of the audit, we have noi idertiified maieritil mi&sLiiements in the tnLskes' rew)rt. WL haN'L noihing 10 fLPOrt in respLXI Ot'the tollowin8 mallers in relaiion io which the Charities Aa 2011 requires U5 t(} T¢P(lrt t(i }'uu if. in (iur upini(In= the irtfomiatiort giken ith the tru$iees' rep)rl is in¢othsisieni in an). ma¢erial rtspeLt ikith ihe financial stsiemenis,. or adequaie accouniing records have noi been kepi; or th¢ fIn(￿LIa1 slal¢m¢nls are ntsi in agrttrnent ￿'1th the itLLM)unling r￿{￿d5 and relurns,. ()r WL ha¥i ni)I r¢iLii'Ld all lh¥ infom)￿10￿ and ¢¥plan*ions U'L rnwuirc for our audil. Responsibilities of tru51tts As ¥%plainLd more full!. in (hi Ifiisi¥*'S' ￿%￿)￿$1b11ities s¢aiLminL thi Irusw*'s art rL'sKH)n%iblL ltsr th¥ PrL'p￿lll1{>rt i)l- IhL linaniial sialLmLnis and for k.ing sai1sf1L￿ ihai the!. givL' a Irue and lair and fi)r such iniLrnal Li)iilTI)I & IhL tru%ti¢% dLlinnin¥ IS ¢1) InJhli ihL prL'pJraiion ol. fI￿n￿la[ sUILmLnts ihai aN, IrL*' Irc)m miilLrial misslatemenl. wheih¢r du¢ lo fraud or ermr. In prlpuring IhL linanLiuI sla1cmcn￿ the tru5tLxry arL' rc5ponsibl¢ for as5L'ssing thc Lharil) s abilil>' lo L(InlinuL u i>ing￿ LcinLL'm. dixlci.%inb), appliLablL. m*iLrs rL.IdiLd LÉ) 84)Ln# LcinLLm and using) IhL ¥l)inb) L(InLLm (If uiiiiuntingy un1&55 ¢h¥ IruslLLs iithlr iniLnd liquidalk Lh&wiI! UT Iu VPiriiliun5. or haNi nv rLali&tiL uIIL'rnatl%L but li) d() so. 14 The Baptist Uniott of Wales Indtpendent Auditors, Report to the Trnsttts of Ihe thgril), on tbe actounts for the ye9r tnded 31 Deoember 2024 Auditor's responsibilitie5 for the audit of the financial slatements We haie been appointL'd as audiior under seciion 144 ol-lhe C'hariiies Act 2011 and report in accordance with the ALI and rLIe￿allt reguldiions mode or having etTeLi therellndei. A further descripiion ol'our responsibililiLS is vuilable on the l.inancial Rtponing C-ouncil's ii'eb5iie ai.. hitP5=11 l￿w. frc.org. uklaudilorsre5poiisibililie5. I'his dLscription tomis part ot our audiiorfs rL'rM)rt. our objeciives are to obiain re&8oThable &￿ra[he¢ aboui whdher ihe financial statrments as a M'hole are free from maiLTial tni%sla￿M¢rt1, wh¢iher due its fraud i)r ermr, a[￿ io issue an auditor s Teptsrt thai in¢luLle8 our i)pinii)n. EiL&sonable assurdnce is a high level or￿uranCe. but Is noi a guaraniee thai an audii conducied in accordancc ifviih IUKI ￿111 alwais d¥sl¥¢t a mai¢rio1 missiai¢mini Il i￿lS￿. MisstsiL4n¥nLS Can aris¥' Irom Iraud or erri)r and nsibililii$, ijuilinid almbii. 10 dLILxl M￿l'rial miss¢aw'mLr)ts ir) ￿spLl1 of iTrngularili1s. inLluding Iruud. I'he e¥ient iu which our prucedures are capable ofdeieciing irregularilies. including fraud is detailed hel01￿.. WL gainLd an undLrsthnding ()f the leg￿ and rryulaton. fraMew￿rk applicable to the chaTilJ its aLtiviliLK it5 c(Inir(Il nviri)nm¢nt. and lik¥l! luiur¢ d¢v¢lc)pm¢nis. onJ ¢onsiJ¢r¥xI lh¢ risk of b>. th¥ ihariil ihJi i¥¥r¢ ¥i)nirarn' io ppIiLublL r. il'%uLh diiLlI)¥urn.% inadLquJlL. lu m(NJif!' ()ur ()pinii)n. l)ur C{￿lI￿$11)ll* arL' b&%Ld (In ihL audil Li'idLIiLL i)bidinLd up ti) IhL ddiL ol'c)ur auditor's r¢rM)rt. I lowever. futur¢ ¢ivnLS or ¢undiLions mai. ¢Ju&' lh¢ ¢haril>' lo cl￿. l() L(Inlinui il gi)ing L()nLLrn. l..iiiluati IhL (Ikifiill pr¥'xnia¢ion, biruLlUrt' and LM)nicni i)fth¢ liniinci411 b¢dt¢mLnts. inLludin& lh¢ dis¢lii%urL's, und 1shLihLr IhL fin￿￿lIa] sLIILmLmts fLpfLSLni thl undLrl)'ing Irarwciions L%'LnL% in a mannLr thal aLhiLIL5 lair Dri'Kniati()n. Wi i()mmuniidli with ihosi LhargLd wilh g()vcmanii rLgiirding. iimong (IthLr mallir5. thi plannid sLI)pi and iiminsk i)f IhL audii %i¥nIfLL￿t audii findin&% inLluding ani- %ignifiLJni dL.fiLIL'llLIL% in iniLrnal L(Intr()I Ihat we idLniilj during our audil. Ils¢ of our re￿)rt -I'hi% rL'p)rt 1% mddL'.M)IL,IJ 14) IhL' Lhdrii!'% Iru%lL'LK a himt!. in aLL1)rd￿L wilh ￿￿11(￿n 144 1)fihL C'hariiiL'% ALI 21)1 l and T¢gulalion5 mad¢ under 5¢clion 154 vf that Arl. ()ur audit 14.ork ha5 b¢¢n und¢rtak¢n 51) thal mighi 51aiL 10 thL Lhariii's 1ru5lLi￿ IhosL maiiLrs lie arL rc4uired 10 stale io them in an audiiorfs rLy)n and lor ni) i)Iher purpi?5¥. .10 Ihc lu11¢5t ￿l' and Ihl chariil's (rusiLLS as a b(MJK. for our audii ii"ork. IOT this fLTK>fL or IOT Ihl opinions hail lorm¥d. Kara Williarns Bsc FCA1S¢nior 51atutor)' Audilorl l.or and on brhalf of Ellis LID￿d Jones Audit Limited C.hdrtered a¢¢iiunknnts & slotuior%" duditor I I Park Square Nei4pi)ri South Il'ale5 NP204EL 31 OclobnEr2025 16 The Bapt￿t UDiOn of Wales- Statement of Financial Activilies for the year ended 31 December 2024 .Sia¢ementof FinancialAeliviliesforiheyear ended31 December 21124 (.urren¢y¢4r RtJtrirted F￿￿￿$ PriDrVeor Total Fund5 I"nrtstrirted T￿kn1 Fund 2024 2024 21123 Inttsmt & from- tk>naiiiin% & l fAS.413 2.315 67.548 23.715 14.063 6$9.476 2Jl.S 1211.67J 3.736.621 In¥e%imenty Other 61.125 3fy) 2.779 Totlll incomt 7M.991 1114.479 J,81I7JJ7 .'xptndltu￿ on- 461.468 I[￿.895 I X7.360 'rot41 txpendllurt 461.468 Ilk6J194 1%7J60 Nel 8ain% nn in¥e%LlllCIIts 68.265 37J95 ct lThcome for the ytar 34.4.718 .4.988 311.776 3,731.142 et mw4emeTrl In fund .7B8 -1.918 311.776 3,731.141 Re¢nnflllalloTr of fund%:. Total brouRbl forward .871.8•0 .859.322 J.731,l42 Total carrled for*Ard 2J17th)8 4.062.918 3,731.142 All activitie5 d¢riv¢ from roniinuing 0￿ratIonS Tht notes atta¢htd on pa%es 21 to 45 form an integrsl p*rt of the5t *¢touDts. 17 The B*ptist Uttion of W'*ies- B#lamtt Shttt x$ ai 31 Dtttmbtr 21124 2024 21123 Fixod assets -rangible a55e15 Invesmienis held as fixed assets io 1.005 3.551.436 3.506.403 InveSt￿ent properties 'lot*l fiied 12 230.(KM] 3.781.553 3.507.408 C'urrent a58ety .703 2¥.120 232.474 Ikbior 14 38,7i3 319.414 C'ash ai bank a￿d in ha￿d Toi*l ¢¥rretyl I￿$¢1￿ 359.7_58 262.307 ('r￿￿ti￿r*- *mounts f*llln% dut *iihln ont e*r 15 158.393 138.$681 Triet current Lsitl% 301.365 223.754 'rh¢ toiAI net a%x¢ty of ib¢ eharily 4,082.918 3.731,142 'rhe I￿1￿1 Trel *%xety of ibe charil) fundtd bi" Ibe funds oftht WR %. PRIDTr.AI' 1'ry51¢t ApPrO￿rd bv IhE tthxrd of tru51EQ5I￿ 31 21)25 Tbe Baptist Union of Wales Cash Flow Statement for tht year ended 31 Deeember 2024 2024 2023 Cash tIow5 from operating *ctivities Nel Lash provided by operalll￿ ¥tiiitics as shoMTr belom. 174.861 C&shJ7owslrom l•vesil•* a¢ilvliles Initt¢il r¢¥eiv¢d Oiher In%'¢&bn¢ni Inion￿. In¢ludm8 i¢nts Pr(K¢¢￿ from sDl¢s of Jnb¢sEm¢nts 12.296 16.377 60.627 5.454 53.Y67 Purihaseofproperty. plthi 8tyJ equipblthll Nei ¢a$h proykltd by ltti'titlts% •¢tfvltk$ 188,187 Overall cash provided b). all atti*ititS 2J2A79 C.'s$h mov¢m¢nt$ L'hange in and tqtsivaknts from iLlii'iii¢s in ￿year ended J I l)Cicrnbcr 2024 86.935 232.479 C'¥h Dnd ¥J$h ¢4uiv¥l¢ni$ 4t l 2024 232.479 C'ash It b#thk Ind In hattd less ow¢rdr#fts 4131 D¢etmb¢r 319,414 232.479 19 Tbe Baptist Union of Wales Cash Flow Statement for tht year ended 31 Deeember 2024 Reconciliation of net inc0￿e to nt¢ c45h now from op¢r8ting activities Nei in¢om¢ &q in th¢ Siatrn*ni of FirJa￿l￿ Aiail"Ilits 351.776 3.731.142 Adjusmientslor:_ DeprL'kniatlOll iharBCS wri￿ vl'invrslnKn15 Nei unr¢al)%¢d gain4 on Ini¢4imeni D¢vid¢nits'. In*r¢&i and i¢ttts i￿￿ Cbariti¢s pr¢parirtB their a¥¢ouni% In acwrdance w'ith th¢ Rcpurting SiandJTd JppliiablL' In Ihc Ilk and RLyublii ofirLlan¢J IFKS I(b21 issucd in (k.10￿￿ ?019 and IhL' F-inan¥al Reponin8 Siandard appliiable Jn the Unjtcd kingthm aThd Rebublicof trc13nd IFRS 1021 and the Charitics Act 2011 and the UK CJ¢n¢rall) A￿￿¢pIed pr￿litt &% li appl*4 l Ja]huat? 21)19. The aLLOUllts IfinDniial sthtcmeiiLsI been prepared io ￿l'e a )rue and fairf I'iew and ha￿C dLyarted from thc Chanties (Accounis and RLy)rL%I Res￿111{)￿4 2(K)8 onl% 14) ¢xtenr rtyujred 10 prthith a'tyut artd fa￿ I ioi, ThJ% dep4nur¢ h&% Its￿￿)1￿¢￿ fnlli)w'ing AiivullLinB and M. C-han1K￿. s1￿c￿￿￿1 of KciummL￿￿ Praai¢L' appliiablc ¢0 ihariiies prL'pJnng ihLif aLLuunls in a¥Lordan¥¢ ￿1th ih¢ Fin￿￿1&1 R¢rM)rtin8 Siandard appli¢abl¢ in th¢ Uk Rcpubli¥ ofir¢l8nd ITrRS 10?Iissu¢d iii 0oob¢r 2019 raih¢'r Ihan Ibt A¥boiilliiJ>g and ReN)rtthg b). C1wilie%.Sia*meni of Rtionmnended Pra¢iiee tffe4livt from l April 2005 iihiih ha siniL' bL￿'n ii'llhdrawn ThL f¢nan¥ial.4l&temLnL% ar¢ p￿￿ettI¢d sierfin& ￿th1¢h (￿¢110n41 curfeJKy and rounde4110 the near¢*i pound. 'I'hLfL JfL tKi InafiriDI UThknertiitsLies aknur the Charitys ability IOL4)nithue. RL4k% flltu￿ 'rhL' aLknOUnls havL' betn prcpartd 8 8trin8 basi% and ￿￿'r￿L$l¢¢4 ix)nlimi rhtsi IhL'fL' afL' ni? kL) a4sumpiii)ng L()niLYnin8 Ihe lulurL'. ond IiihLT kil S(￿lL￿ IifLsiimaiiuTr wKcrtllim) ui the r￿￿1n8 dllic lh￿ have a %J8nifliani ri%k iil'iallsin8 a InaiLriDI ailju%im¢ni Ih¢ 4Jrryin8 am(￿￿ uf and Ii•biliiKs M"ithin ih¢ ￿%1 r¢Krfin8 p¢nthl Ptsllcie5 ￿1￿11￿% lo caleKorle5 ofinconK andlncome recoKnition. C'&te%orlts of Incom i¥ ¥gt¥Borixd as IM¥thm¢ frtmn ¢x¥h8y tsww¥'liOnS l¢ontr4¥1 in¢￿￿> aNI In¢wJ¢ fr(￿ n￿￿X¥hange transa¥11￿$ IBifts'i. InicsimLni inknomL and oihrr Iniom Inc￿Me from exchanpe trAn￿¢tion* Is rciLYI'ed b). theT erythinge IMsa¢iths. LS [tio￿lS¢d in thesiaiemenl of finanLial a¢livJljes ISOFAI on a receivable basis. when a transadion otother eveni Te5ults in an Incrr&5e in ihe ¥harity s ot 3 reduction in its Iiabiliiies and only hen the charity has Itgal tniitltmetti the ittiome Is probable and can ￿ measured reliably. Dividends Dre Dccrued when ihe shareholder's ngm io re ilaiins In Ihe Cstoie. Ihai Il 1$ probabli thai th¥ amtsuni %4ill ￿ i¢e¢ii¢d M th¢ ¢harii)". And Ihc amowni r¢ttiv¢J bc esiJinai¢d u'ith suiflcicni aicuracy. and ihal any kiinditi(￿% it1￿h¢d itr the ItgaL* aTt tiiher ￿"11￿1￿ thtLMimJ oftht ihariiy or hvt bccn Thei. Tr¥r¢ J paTrm¢nt is r¢¥¢iv¢d from an ¢stai¢ or Is Thotifi¢d Os r￿¢118b￿ b> ih¢ ¢￿viorS alkr th¢ r¢rx)nin8 dai¥ gild tli aLLI)unL¥ thrL' auihijr14L￿ flir bui il i% LIL'ar Ihai Ihe palineni had •greed bi tl* L'xeLiits)rts prior li> thL' Liid c)f ihL rl,￿)nIn8 pcriiwj. thL￿ Ehc DThunr ionccrncd 15 rrca*d ￿ an adjusrin8evcni aLcr￿d ￿ Incomr in the aiiouniillg t￿riod ifreicipl 1% pr()bJbl¥. Where the ihllnly has c%rsbli$hcd cniiilcrncni IcgllLry rhcrc iq uncenJinTh' J% i(Trihe imnunr of ihc pgymcnl. dLYail¥ iil'ihe IL'8gLy #rLd1*¥1{)4Ld 4 ¥()niin8&nt uniil lh¢ ¢riiirio for Jniy)mi rnxM)8niiwn arc Whiyi a It8a¥y 1% %ubJ¢i1 111 Ih¥ Intl￿￿1 lil'a Ill ienthni. th¢ le8￿Y is reLoBni5ed As Into￿ Wblil thdeath of tht lile K*h￿r. Irii 1% dlwbiful th41 full Kiil¢m¢ni ora d¢￿0T ￿"111 b¢ r¢¢thv¢d. an adJu￿m¢nI 1% mudc 10 r¢du¢¢ lh¢ amount lif th¢1¢8a4> debtor thnd le￿*(Y Incomc Ihan ch¥8in8 the adju5th*th &sex￿￿1¢U￿r ith th¢ Sialtmcni of Fi￿n￿lI1 ALTivilies Donated faclllties And 8tr4lce% Ih)n*t¢d flx¢d *%xe¢s aY¢ ￿¢08n¢5¢￿ 91 th¢ f•¢T ialu¢ hll aT¢ r¢¢0￿15¢4 as (141natiM Inii)m¢. and d¢b1￿￿ 10 Iixed a55EIS. lknnattd th&t not Il¥ed ￿*t1% 8r¢ for ￿ a fair %glu¢. wilw il is impr8¥i1¢al io T¢liably m¢Bsur¢ th¢ v8lu¢ ofih¢ In the abs¢ni¢ of an) dir¢¥i ¢Vi(kn¢¢ o(faii v91u¢Ofthm￿¢fj g(MMts. *•lu¢ is &nv¢d frtmn of th¢ itrm to lh¢ donor OT. Ill the ca￿ of 6ood5 that arE¢Wed lok501d. ¢Aima*d TE5ale valuE aftci¢kdu¢lingani anlicipaled w5ts of5ales Tfit 1% Impra¥ii¢abl¢ io n￿&Sur¢ th¢ fair %alll¢ of 8(Kxl% dwat¢d for ￿1¢. OT th¢ of v81uaiion ouiwei8h the ben¢fits. lh¢ donaied So￿45 are recoBn15ed ￿ in￿0￿¢ 501d. Hiih an equiiileTrt anK>unt 1xingwi￿d a5 an rrLsalt gr¢ In¥luded in 'Incomefvm oiherirad1ngaci￿l1￿s. The Lost ol-any stoik ol"Boods (k)nated lor djsrribuiion io beneficiaries ￿ deemed io be the lair value of ihose Bifis ai the iiine ol"Iheir rtL*iPt. Ifth¢ h¢ld ay¢ 10 b¢ 0￿1￿¥*d (r¢li or (or a nomill8J ￿￿%Ider&ilO1￿. then the ¢aming amount 1% suhgequ¢nily adJ￿￿tea Iv rrncil ihr Iv￿L'r vl-dc¢nKd LUSI adJw>rcd foran! loss ofsmi￿ pKrtLMlial rcplaicnKni Lust RLTlaicmcnl ￿17%1 1% ihL L'￿(￿￿1>[n7l Lost Iniurred Il'thL iharit!. il'as io rcplaie the ser%'icc wefflial of the dOna￿d B¢MMls ai its expense Jn the mosi eiononiii Inanner. DDtt*i¢J serbi¢e% attd f*¢lliti¢s IiniludirJ8 *¥ond¢d sthty8￿I ofprop¢rtyl in¥luded tn th¢ a¥wunig on the basi¥ ofih¢ i'alue All Jtsna*d s¢ni¢es and fo￿11111¢$ ar¢ T¢¢O8ni%d as th)n￿l￿¢ in¥Y)DK rettiirdlpro&¢dtd the vaJu¢ of the 8ift can be Inea$ured reliabl)) and reiuBnistd th5 an exrrtnye wirh in equivalL*L s*lve. lethbtr*hlp *ulK4trlptloth* 'rhc InLumc and any a￿l￿t£d tiift Aid or other rcfund from a mcmbcrship subscnptjon rcccivcd b> ihc ihariik In Ihc nllturL' ol. 8111. 15 &i￿Unt¢d for (M Ik sam¢ b&%is as a donal￿n. 'rh¥ Iri)m J mi1n￿'rShiP 4uh%4iirAiw r¢4¢N¢d by the ¢hari¢> pur¢ha¥¢% ￿ Ti8hi io scrviw& ix bciiifii% 14 IL,￿l8n1¥td a4 InLcin* fNxn ￿hl[liabl¢ aLll%'iIits. InvesEmcnr In¥omE Is rt5r5- give ddails Vi)lunletr% In %4iih I￿.SoRP. and in rthwiii(m of diJTi¢uliits In pla¢in8a mO￿￿Y valu¢on th¢ ￿n￿¢buil01) from ￿OlUn1¢cr$. P#llc'les reluil#K io Qssets. 114blllrfes fjoilprovlsl#•s moffers. Ixtd.l.%xtl lTr%¢Alm¢nlA F¢¥¢d as%¢1 Inlts￿¢nL$ in ￿￿￿d shpr¢$. w4d¢d Ix)nds. mv¢sD)Kni pTwKs and similar arc Iniiially ai ¥o%i upun #L4uitsiiii)n and it thtlr i'alw ai the balani* shed ￿1¢ ￿ tht end ofthe f￿8￿181 ￿rIod. In%e4iineni propLYii¢4 are noi dcpriilQlL'd. l.ixL'd &i%ei in unli%Ecdcquiiics HreshDWTr 41 thE bHIHncc SI￿ daic ￿ thc bcsi C￿lmA￿ of thcir markcf vEluc. whcrc pra¥iiioblL IV￿'r￿ %'aluaii()n IL%hni4¥¢5 ar¢ 4wsid¢r¢41 tyDr¢liablL' or Mkr¢. Jn Ik 4)Inii)n of thi IfiJ*iiY&. lh¢ ¥ii%L% [)UllVLi¥h IhL benElil¥ lil ik. vf Ihc Ihe in￿￿¢me￿I bs inilu&d ai C05L a [n"le￿ is uThdcnok"en al ca¥h yL'ar cnd as lu whL'ihcr lh¢ &s%ei.shi>uld bc wri¢¢c￿ duwn All gains on Iixtd 15$¢¢ iM'estment5. tAthether reajised or w￿li$¢d. inclu￿d in rth4" J14 ofiht si#i¢m¢ni ofFinan¢ial Aciiviiies. TQn¥lbleJLYed￿IStts .1 #n¥ihl¢ Ii%¢d orl rn¢abur¢d at Ih¢ir ￿8Inal &8lu¢. orsubyqucni rci•l¥¥iion. or if dMa*d. as d¢s¢rib¢d akn¢ Cost ￿alu¢ InLlud£s all knosts cl￿nded In bnn8in8 ihE a55gi inio its inLen&d ￿rkin8£￿all1on D£pre￿latiOn ha5 bEen pr￿￿id￿ ai Ihg f0jltm￿￿g rnlgs loiiyrte otrthe Th￿¢5 totheir aniicjpakd residual ￿alue overih¢ir eslimDled useluj lives Plant and Machinery 33.33 % 5trai@hl li￿e A rc¥ular annual Y¢%'io%"vfih¢ lik¢lihtKMJ ofa&￿ impaimmii Is w￿. Sto¢ky Trork in progre55 Stock 15 valued at the lowerof c05t Tr115uble i?IuE. Debtors Deblois are m￿5￿Ted al the￿ ttcovetable ￿ll()￿lts ai the balances1￿£1 dale. 24 The Baptist Union of Wale5 Notes t& the Accounts for tbt year ended 31 Deeember 2024 C.rtdilor4 proii%l&n% sh￿ iredi￿r$ art m¢asurtd ai iTansaLlion pn¢eiiihiLh is usuajl! the Pn¢ti IDaDs i)ther finanLial liabiliii¢% are Inilialli Teiognised ai transaLilOTr pnce Trei ofaTr)" IrJiisacEM)D costs Jnd subsequenil)" measured ai aR￿nIsed cosi dctrnnincd usin8 the effeitiv£ ￿terest method Ca%h h¢ld b¥ th¢ ￿h￿rIll 1% inLluikd ￿ th¢atwi ￿Tha1￿. held c4)un*d li the iewtnd Battk. b￿an¢￿. ￿tr￿er In ctr¢dii or Crdrail￿. arc sho%%￿ al Ehc arrKm￿lS prqKrt)' reco￿lled rothE bank stalCN￿ts. P¢ttslons- defined ¢ottlrib¥ilob ￿￿t￿¢S 'rhe ihariiy OPLYaEes a dcfinEd (0￿Mb￿l0￿ pern51￿ s<1￿Me. Contnbuiions are chllr8ed io ihc profil And loss occount as thci. bccoine p4yabl¢ In a¢¥ordani¢ ￿'1th th¢ nJl¢softh¢ s¢h¢m¢. 2 Idiability to taxation 'I'hL I rw%iL*) lonsidL'r th41 Ih¢ ¥harii)' S•1i%fies *si% in Parngraph I SchL'Oule 6 of th¢ fiiianke A¥1 2nlO for I IK Lorpiruiii)n lax piirp1￿C$ ALLxirdinsly. Ihc L'harii? Is wx¢niiallN cxcmw from rllxaiw)n in rc%rrtil lif inLXimC iir Lapiiol Bain% reicived wiihi ¥DtI8()ri¥% ¥o%'¢r¢d b), ¥hapt¢r 3 p4n I l of ih¢ c.0￿￿￿lI￿n l¥x A¢t 2010 or s￿110￿ 256 of lh¢ 'l'8VIIOII Ill. C'har8iAhl¥ (jain% A¥1 1ty)2. 11) IhL' C%ILYlI thai ¢ni(*nL' are am>li¢d eXLI￿￿1ve)> on the s]K¥ifi¥ LharithblL' obJ¢knLg of thl ¥h#ril% aiid liy i)1) {IihLr 3 Ivlndlng up or di5501utlon oftht charlty Ir upi)n windin8 up ()r di*%iiluLMin Trf the ih8ri¢) rhLYC rcmam an) a&SCL%. after thc $a¢i$f8illl)n lif all dLhis aiid liabiliiiL'4. IhL USSCI% bj Ihi fund 5h*ll b¢ Iransftrr¢d iosom¢ oth¢r¢haniabk bod> ur Wi¢5 hawiN&siinslar obj¢¥ls Iv IhL ¥hariiy 4 Net surplu5 before In ¢he financial )'e#r 2024 2023 ThE nel surplus tKfore lax in the financial )￿￿￿ IS￿ated ufieTcharBuw."- Deprecioljon ofowned ljxcd &ssets Trusices. remunerDIM Penbioll LOSIS 2,001 798 20.701 7.333 3.622 18.455 Auditors. remuneroijon 14.060 25 The Baptist Union of Wale5 Notes t& the Accounts for tbt year ended 31 Deeember 2024 5 Invesijnent g*iffts C￿￿￿1 it•r (.￿rythI ie*r Krs. 8 Rernuneration and payments to Trusttts ptrs0Tr5 connected with them 2024 2U23 poy4blertd tr¥sieo 0redW￿t¢￿erfpeF$O•s R¢vd Judith A m(1￿1S 20.701 Total 20,701 2024 2023 EmploJ'er'.s Norfonal eorttrlburfows above KL.￿￿. Judiih A. Nliyri 5.925 2.334 2.3J4 2024 21123 Pvn.flottpoymvnts relorfRK lo In151eé5 0rcunnenelpe￿Qff5 Re>d. Judiih A. M￿ri% 8.498 11,498 AiihouBh Reid Judiih A. Morris is a th￿ree0fthe chHriry. the remuneraii(XL she Teceiir5 is in ILer capaciiy As Cjeneral SL*rclaT) iil'the 9 Trusttes, expenjts The <¥penSL￿ fLimbursed io rrustees. or paid direL￿! w third pgrii¢¥. In th¥ or pnw J¢¥. M'gs &4 ￿.10￿. 2024 2(b23 Th¢ amowit r¢imburs¢d ￿ trustr¢s 4.591 The nature of the tsu5t¢e5'V4Kt￿5 M75 trairl Subs￿Ence Th¢ numb¢r oftruste¢s' to M'hom ii¢r¢Temiburs¢d th8$ 9 27 The Baptist Union of Wale5 Notes t& the Accounts for tbt year ended 31 Deeember 2024 10 Tanglblt filed Atsets CNrrenE Yeor Plant & TDt*l Ai l January 2024 Additions 1.803 1.80.1 Al 31 Ikcernbtr 21124 2.916 2,916 Deprecimlion 798 2,￿1 79¥ 2.001 ChDf8c lor Ihc >car Ai 31 Dtetmbtr 2024 2.799 2.791) 4t1 book i'ilue Ai 311)e¢ember 2024 Al 31 Iketmber 2023 Prlor Yeor Plant & IIAehlntry Tol*l C'o%1 Additions 1.803 1.803 31 December 2023 1.8QJ Dtpreei4tion Char8e for the year 798 798 JI December 202J 79B Tltt book valut 31 December 202J 28 The Baptist Union of Wale5 Notes t& the Accounts for tbt year ended 31 Deeember 2024 I I Inve5tment5 held as filed a55ets Listed Toial C'arrying %aluc5 ofiThi'estmeDts Ai l January ?024 ReialuaEion 31 tkcember2024 Dlspotsals 3.506.403 105.660 160.6271 3.5Q6.403 105.660 160.6271 Ai 31 Dtetmbtr 2024 J.SfjJ.436 3.411.436 12 InveAimtnt proptrtlts 2024 2U23 Ai l JJnuary 2024 230.OLK) Ai 31 De¢embtr 2024 230.1101 13 & Il'ork In pr￿re￿I 2024 21123 Slnck% before dowrLS 1,703 AAolv.Fl.f ofihecoffj'thw vulutoAsMckn 4vidwopk bi. #rtlvliles Sftschs 2024 2023 Acliviry R¢liBIOU5 arliTriliE5 1.703 29 The Baptist Union of Wale5 Notes t& the Accounts for tbt year ended 31 Deeember 2024 14 D¢btors 2024 2023 Prepayments and nccrucd inco Oih¢r d¢bior 2.830 35.903 3.676 24.444 J8.733 28.120 15 C.reditOTS: amounts falling due ￿1th)n one ye*r 2024 2023 2.%.2?7 Funds held on b¢hallof¢hllrnc i¢ar 4.000 17 Relgted partw trfinsgetions 2024 21123 Tht W¢l8h Bxptl$t Unlon C'orpor*don Llmlt¢d RelalLQ Charity CJill% rL'ceiYed 82.281 61.878 25,990 21.075 Conlribulion5 fELYiTrEd IDward5 su1￿>. C0S¢5 Creditor 803 SOfr'A Admin fg¢5 rei¢l￿d 2.ow i.oou 30 The Baptist Union of Wale5 Notes t& the Accounts for tbt year ended 31 Deeember 2024 18 Particular5 of how particular funds are Tepresented by aysets and liabilities At31 December 2024 I'DrulriEIEd ruDd5 Fund5 TanBibl¢ Fix¢d.4.%%eL4 Fi.Teda5sei I￿¢$1mentS .797.-135 ?30.(M)O 1.753.4X)I 3551,436 230.00 l￿Estmentpr0PertieS Current Assets 742.952 116.806 15.3971 ls%J9J 2217￿118 1868JlO Ai l Jinulrb 2024 und 'ranBiblc FLxcd plssrts I.¢X)5 Fi¥Ld asset Inv¢yull¥ML% 1.729.270 .777.133 J.1116.4(13 Z62J(IZ urrLlli 85.491 1352661 (3.302) 138.q68} lJ171JlQ lJ1I9J22 3,731,142 19 C.'hxnge in totgl tsnds ovtr the year showfft in Nole 18, An*lystd bv Individual fund5 r&rfiEd 21124 R¢¥¢nw Pwids 345.788 2317.608 Tot￿1 unrestrirlcd d¢si¥Thaled funds J4.5,785 2217.608 31 The Baptist Union of Wale5 Notes t& the Accounts for tbt year ended 31 Deeember 2024 RgstricfyedfuNd5.'_ Minisienal Fund 1342.871 1$1.262 166.948 229 The Catherine & Lath. Grllce jam￿ FllTrd ?.2_ All¥iliary' Fund for Retired Welsh Bapt￿ Min￿rS Tbt Il%lOn M¢m(*1￿ Pres¢rvgti(￿ FWMI {6.3541 {1.2441 'I'ot#l mtricted lJ65Jl Total charity funds 3$1.776 4JI82.9l8 20 Analysis of movements in funds over the year 85 shown in Nott 19 EI￿ndit￿r¢ IA)SS¢S 2024 Ilnrc¥tnLlcd Rc>enuc P￿d5 738.wl 1461.4681 ReFrrl¢redlMNds.'_ 62.451 31.918 2.432 'rhL L'aihLrinL &. l.adl (irair Jamts I.￿nd Illlxiliory l.und for KLtir¢d Wcl%h 114)LLS1 Mini%iLrs 16.6091 2.219 115.9631 3.045 'rhe II%Lun ￿lLynor1&l PraerYllrK￿ 67 (1.244 814A79 3$1.776 21 Details of tran5fer5 btttveen fund5 111 the vear as 5bown in Nole 19 Theiron.Tler5 showK IA 19&bth'eJre.'. 2024 2025 Yti traTh5ftrs 32 The Baptist Union of Wale5 Notes t& the Accounts for tbt year ended 31 Deeember 2024 22 Tht purpo$¢s for whi¢h thr funds ¥ d¢¢xiicd ill lloit 19 held by ihe ¢h#ri¢v •rt'.- Unr4rythctedoKd desi¥noledfyHds.- The Bl.TW C*nu8] Fwxl ¢¥L%L% f￿*[L￿& all the of tht Ilnifrn ￿'ithOUt rr51nciion Th¢ BIIW Cietterai Fund ReyintL¥edlunds.-. Minislcrial Fund The Minisiui8J [￿￿ is ¥ pTr)%'iJ108mthL%teri￿ and hom¢ mission grants. The Cau￿￿¢& l adi GraLY Jam¢s Fo￿ndItIon fund 1% & rc%iriLlcd fund ￿hIknh has arisen Irtmn gilES Irom ihe Latherine & Lad!. Otacc Jamcs Foundaiion lor ihc r¢stri¢t¢d pwrwof b¢n¢fitin8 indii'idwls withift th¢ d¢J￿MinallOI7 'lthe Caihcrine & l.ady GTabcJamts Fund Aiililiary Fund lor R¢tired Il'¢L4h BA￿ls1 Mini%l¢rs l)¢ Awwli8ry Fw41 for Rdir¢d Il'¢lsh B¥piisi Minis*rs provid¢s financial ass￿•￿¢¢ fty Mifed Il'eL%h Bapii%i Ministrrs. The I1￿0￿ Mcmorial Preser￿lI0n is a TC&tnilcd fU￿d supplemenlcd by Bn aWI￿al ¢o11¢4liOn for th¢ pwrA)s¢ ofmainicnAn¢¢ and r¢paiTof th¢ Ilsion Ineinorial on the c￿?¥￿¢[. Thc Ilsion Memor￿1 Pr¢s¢TV•1￿n Fund 23 LlltimAte tontrollin% pArty 'I'h¥ ¥h)riiy is und¢r Ih¢ of 11$ Iwl m¢mb¢rs 33 The Baptist Union of Wales Notes to the Attouthts (or tbt year tndtd JI DttettLber 2024 24 Donititsths, Grants Ind LegAtits (￿rren1Ye￿r Ktstritled llDds Prior I'eBr L'•rtStridtd Totsl Funds 21124 2D24 2023 Donal1￿￿5 *Trd %irts rrom iTrdii'idu*ly PersonDI. AssLKiaiioTh & Church 8ifts 2.21M) 221M Dona¢ions and sundry i¢ww 413 2.•JMI 413 2th1J Lwrrefil ve4r C'urrenl vNr Iltstr5tle C'*rrtTrt )eir T￿￿1 F'und 2024 2024 2D24 2023 l.e%A¢le% ry¢eii*hle PrL)v¥¥d4 Imm ¥l(li¢d Lha[￿1$ 109.409 109.4(y) Ihyn. M*5>SWartha &4uirtd unknTrusi ?JO.IM)O JJ9A09 JJ9.409 'urrelll vur ('•rrtTht ie4r Yalal Fund Fund% zo 2014 IQ24 23 RtieTrue Rranli donaiion% from Tron publir Ipoditl We15h B3pIIsE Union Corwion Limitcd 82.)81 82381 25.990 Total privile 5crlor rel'e￿￿¢ 82281 82Jl 2.$,99 The Baptist Union of Wales Notes to the Attouthts (or tbt year tndtd JI DttettLber 2024 ReTreTrNe gra￿ts and from non puNi¢ 1wyjl￿ Ilnrludt Gin.4id dollJlion5 Irom 5ub5idi4rie51 PriDr l'ear PriDrlur Prior I'e4r Prnrl'ear Restritl¢ FuDds Totsl Trund F￿•d* 2023 2D2J PrlDf lear 25.( 25.990 (•rr￿1 Yt•r I'llmtwlrltd Lvrr¢lli v￿r RntTki Fund (.'¥rr¢Thi y¢*r Toi*l Fynd% Prfor I¢oT Z014 2014 2D24 IQ23 %ptin%iirship- FLxlesiLgi￿aj Voi*l sponiorAhlp lJ¢ome ('*rr¢Thi >ethr I￿*1 Punds Prfor I'¢Ar l llre%tvlrltd lkntrlritd Fund 2OZ4 ZQ24 1023 Itrnbershlp iuhKrlplloTry ay domllon 127.450 13.650 141.1(K) 3.$0 C.-urrtlli yur Rtstrkie Punds PAor I'e&r Fynd 2024 2024 2D24 21123 .4￿MI￿lS*r&￿0Tr rtts rtctived Administration f¢ts rw¢iv¢ 89.073 89M73 22.075 89JI73 89.073 22,075 The Baptist Union of Wales Notes to the Attouthts (or tbt year tndtd JI DttettLber 2024 Cryrrul Yur l •rtstriti¢d (￿TTE￿I vur Rotriti¢d FllDds C•rreTht Totsl Fund5 Prior I'eaT Tol31 Fund5 2024 2D24 202J Transferred from Chariry numb¢r 1154855 3.688 706 Total TrA Tryftrrtd from Bl'w j$￿,2U6 TraDS(trr¢d from Bl'll. Prior I'tlr AD*ligis Pvknr)o*r Rt%tr5tied 20 202J 2ts2J Prlor l'ear lJ121,471 Totthl Donaiions. C•rnnts and Le8*eies TotHI Donations. Gr*nt$ and Legacies I4.1￿) 6$9A76 J.736,621 All Lh¢ d(moiion.% Bnd Bifts in the prmx lear ￿tr¢ unr¢$rri¢￿. ReAtr*iY Fundi PrlDr rM*l Tr-ynd 2D23 PFivr)'ear 2D2J 2023 Total Dongtions, Grants gnd Le%aci¢ 1,914.140 lJ21,471 3.736th21 2.4 Incomt from ¢h&ritoble *tlivititJ- Trading Actiwilits CMrreAiyÉur C.-urrenlvMr frfor YeBT l •restriried Totsi Fund Totgl fund% unds zo ZQ24 2023 Prima￿ p￿rpose anrillin" Iridi Sale ofgood5 and 5erYices In aiiordance ￿1th th¢ ihariW5 obJ¢Et5 2.315 2JlS 9.016 T￿t￿l Primari pllrpo￿ aDd aDcill*rY tradiDg 2J15 9,016 The Baptist Union of Wales Notes to the Attouthts (or tbt year tndtd JI DttettLber 2024 26 Totsl IDCOtiit from ehariiablt *ctiiiiits L•rMI Yt*r C'urreni y￿r R¢%twl¢i Fund¥ Prior l'ear Tolil Tr"und CMrreAlyeor Tothi Trynd 2024 2D24 2023 11)141 incL)me Lhariiabie tyadin8 2J15 9.016 Toial fr¢bm ¢h•ril*ble *¢iiiitleJ 9.016 27 Investment income ('¥rr¢•i yelr l llrntvlritd ( urweni vvdr RThErlri Funds ( *rrtht wt*r Toi•l Fund% Prfor I'¢Ar 2014 IQ24 1023 Prop¢rty R¢nial In¥om¢ Ilank- I￿l￿re$l Rc¢¢i%tsble 4.024 8.833 14.691 4JI24 12296 3.463 I'oi#l Inie*imeni Ineomt 67.vh 1216.673 Rtstrltie Punds Prlor l'ear 31.lJ7 28.284 28 Other incomt and gainj C•nTO1 Tr** l Mr￿tFIr1ed dj CtsrrEni vt*r C•rrrAt Priur I'rllr Tulil F'unds CtsrreAiyeur Trundi 2fy24 2014 1024 1023 OpLrailon￿ ¢(miribviivn fwm t*￿1 COIF rllnds 22Jty) 22JOO Sundrs'other in￿ome 31JO 894 OthEr charitable ar11￿117¢5 1.885 T￿t￿l fiiher Incomt 2,779 37 The Baptist Union of Wales Notes to the Attouthts (or tbt year tndtd JI DttettLber 2024 Other intomt and gAins- Prior )tgr Anatysis Prforl't*r I'llre51wiNEd ds Prknr I.￿r Pr&)r )¢ar Toi41 Fund5 Pnor Yettr Funds 2D23 Sundrs viher Inbome 894 1.885 Tulal ulher income A5 2.779 2.779 29 Exptndlturt on tharltablt *ttlvities- Dlrttt spehding •rrrni y¢*r l *mtwltltd d% Lwrrtlli v¢*r RntTlri Fund t*rrthi ye*r Toi•l Fund* ToiAI CMrr¥ni Year 2014 2D24 23 (ywj% wagi& and tsaluri¥5- chaTilabl¢ 203239 12.824 216th4 77,837 l.'mpli)N¢rs' Nl Charitabl¥ aciiviiii's 13.878 lJJ78 9.573 9.473 3,491 rd%LI and su￿-1%¢L'ntL Lhariiabi¢ 6.450 4.724 2.909 OthLr donaliur Prnr Year Tatsl Fund TotBI Currenl Year 2024 2D24 202J Cost for PTitvTh purw¥ irnding- Including mover￿1 in Siixk tor gLN)ds 12314 123J4 9,879 'J•i*l thArii*N¢ tr*dltyi cosix 12.$14 9,1179 Prknr I'e*r Rrttriri und Pr4br )*ar T￿*1 Funds l •rntviritd Yertr zou 2013 Z023 Cosi ofg(Kxls li)r primar%. purws¢ Iradin8- InLliiding mi)vLmL￿I in *lixk for 9.879 9J79 liblal th•rliAhlo iradiTri t￿1* B2h 9379 9,1179 31 Expenditure on charitlblt actiTpities- CrAlbt funding of activilies C'•rr￿1 Ye4r C-urrenl vmr RntrStie Pund% ('•rrtTrt )eir T￿￿1 Fund Tolol CMrr¥ni Year 2024 2024 2D24 2023 Grants iowards Cou￿$ Gran15 10 ChurLhLs wilh Mirbislers Grant lo Br¢conshir¢ pnij¢il BLtKwi>lLnt grants to rLiirLxl miniblLrs and idow5 1,780 34.124 23.062 3.168 3.798 J7.922 23th2 19.500 Total grantrniking c0515 3.79B 78,466 822(A InLliidLxl in IhL Wdni 10 Br¢conshire projLLI cosl of£13.(K)2. ah)ie. is £7.993 TE￿1. £14.382 wages and salar% cosis and £687 oih¢r ¢1￿￿5¢5. Th¢5¢ ws15 r¢w¢s¢ni Bawi51 Union of Wak5, 5har¢ of di¢ costs uf d jÉ>irtl trclllure irt the BreLUrt5hire ptujecl Mith EkLOisl Minisirn" Tn]s1. ThL Grdni 10 Ihc Brcconshirc PTOjLXi in 2023 is shoii'n a ncgaiii'L COSL duc io I￿ faci lh￿ ihc costs for the Tr¢ar were split th¢ old charili" armi ih¢ Dew CIV and th¢ titningof th¢ partial reimbursLmini ofL*pkndilure from IIK. Brt*othshire Aswciaiion. 39 The Baptist Union of Wales Notes to the Attouthts (or tbt year tndtd JI DttettLber 2024 BrtakdowTr olGrants to Cburchts ￿lib 11iDi8ltrs C•rrYwl Tie*r L"•rtstritltd CUT￿1 ve*r Cwrmit Kestritled Totsl Funds Yetsr llDds 21124 21124 C>manfll Bedi'dd%iTrT Mon .597 7.Th)Q Bcthcl Fishyuar Ne￿brId￿e. Ta￿￿rnaile. Beul P¢nybTh'n Ne%%brid8¢ on Wy¢ tJ4xi41 y'rrJll￿n8 Rh￿Id y Brenin 6.941 2.000 4.083 6.941 4.083 3.320 478 WLI.%h 3.3?0 471 Contr1biitit)n IrLxn li*¢ni As8LwiJtM)n Coniribuilon Irthn P¢ynbiokcshiT¢ klsw¢iaiiL 3.798 34.124 37.922 All lh¢ ¢xp￿dilll￿ in th¢ prior )r•r w•s unr¢stri¢wl. P￿r1'r*I I'e*Y P¢knr )e*r lulAI Fundi Yeffr •ds Fundi 202J 2111) 102J CJrani8 loward$ ¢OUNL'% (irani.% lo C'hurch¥s with Mini51¢1S Grant Iii Flr¢conshire prujiil Bi￿v01CnI grants lo rniircd minislcrs and 3.568 15.?O9 8.125 T￿1￿1 granirnAklng 2.4.483 The Baptist Union of Wales Notes to the Attouthts (or tbt year tndtd JI DttettLber 2024 re*kdo￿Th of CrY*Jbts 10 (..b￿r¢￿t4 Mllh Pr1Drl'￿r Prnrl'ur Pnor Yeqr lolil ￿"und& F￿￿d Fund% 2023 21llJ C)manfa Bed)dd￿)¥ Mt .lim Elapii%l LhuiLh Hcthcl Fi%h¥uaril Nei%bridBc. TJbcrnJilc. Bculah Pen>'bThTr N¢￿bridg¢ on Wy¢ Bap¢isi Chur¢h 3.IM)O 3.51)0 3.5 1.500 3.437 3.437 Ci)niribuliiin Ir(Kn (ym'erii AS¥￿￿8¢11)N Conlribuliiin Panbrokc5hiTC kn(Ki*i 11.7501 32 Support ¢ogtJ for tharltablt *ttlvltieJ C'•rrno1 velr l •mlriritd •d C urveni io*r ('¥rroNt we* 10191 Fund% Prknr IoAr Currefti Y¢o und* 2014 2014 ID24 1023 Empluvee coslT nol inclmdedin thred costs 3,120 1,038 RILruiltn¥nl ¥xFKn5¢S PensiiTrn 10 retired siatr Preml.ie.Y EApeN.*é.I Rlnl pai'abl¥ und¥'r or&raling ILas¢s PN'mi5¥5 ripair5. rin¥wals and miiilliLndnLL ProrKrtJ iiisuranc¢ 21.975 8J67 660 1.498 2.818 lJ45 4,163 364 Administrarive Overhe￿￿$ Sundr¥' ex￿nSeS 0￿1CL ￿X￿￿5¢S 503 12254 2J74 14th2A 6,14 Professionulfeesprfirfiv oéhysor5 rtherihon ihe owdiiororcwmifter Ac¢ounlanci l¢¢s 0¢￿.[ than ¢iatninaiion or audil fLxs L£gal legs Con5uliancv ftts Other legal and professional lJ20 8J16 Z,90 17.049 17JH9 2.118 514 33.171 41 The Baptist Union of Wales Notes to the Attouthts (or tbt year tndtd JI DttettLber 2024 Finonciul coslf 367 2.¢X)I 473 186 798 Depreciaiion & Amortisaiion in iothl for Total suppori costs- Currenl It9r lth).972 106.777 27J8 The basis ofll11￿nIloTh of costs beNYen xttviiies is describ¢d aciouniing tM)licies c.ur￿1 vur Re5trKi unds L'•re5tviried d5 Tolil Funds 20 2025 2D23 EmploJe¥custs nol inclmdedin dlrecl costs 2.355 1,038 765 3.120 lJlJ8 RLLruiiinLni ixrKn* Premi.Te.T £xpeN.ie.f RLnl pa%'4ibli iindlr li￿rating leases PropLirt> insuranc¢ 8J67 8J67 364 AdmiNlslrRNve overheqds undry ixrKnx. ()17iLL ixrKn*' 585 6.140 6.140 PTrife5.4i¢inalfee.s pffiilio a¢h'isors rther or dudil liX'S Lrgal C(In%iilianLk 2J7S 525 z.118 514 Financirtl costs Ilank- LhaTbL% l)¥prkxialiun & Amortisaiion irt total for 142 798 Totxl support ¢tFStB- Prior It*r 1.691 27Jl 42 The Baptist Union of Wales Notes to the Attouthts (or tbt year tndtd JI DttettLber 2024 33 Other Erypenditure- Governan¢e costs c*r￿1 vur I'llre5triried rrth¢ ve*r Prfor Toill Fwhd$ Re5triri Funds Toi•l Funds CMrr¥ni Yetsr 2014 ZD24 2Q23 ALidiiorfs ftts Trusi4¥s' r¥mun¢rJiion NIC an'l Tublles, rLmun¢rdiion '1'r￿SIlL5 1k.11r￿d coniribulion rKnsion o¥1 'I'ruslL*'S' expenses 12.740 52.031 5.9?5 1.320 I4j￿ 3.622 20,701 2 J34 8.4Y8 8A98 4.591 4.891 Tol*l 11￿￿tr￿1￿ct colt lJ20 3lJ2 PrlDr)"ur Pv&7rle•r IltstrStie Fund PFiur Year 21J2J 202J 3.IY)7 2Q.701 2JJ4 523 Jth22 20.701 2JJ4 'I'ru%14¥y' f¥mun¥ralicin NIC. (In-l ruilL¥%' r¥Ynun¢ralion 'I'ru.%iee% l)efined Loniribuiiun ￿nsIOn 3.411 'Iru.%lLis' LXPLnsLs Total Ivoiernxnce CDYt JlJ20 34 TotHI Charitable eApendi¢ure .-urrelll Yur R1Kles 'rh¢ brcakdw4'n th15c¥pcryJiiurc b). wxor¥￿￿i￿S[1e ￿1￿￿] cla5%1fic4rKMI 15d￿lled In nthc 34 ufJuppori ROvtrth**tt ¢oiiA b) ¢k*rlt*bl* *¢thlll CJOI'trn#htt In*nee ()th¢r ()*¢rhc4dg Toi*l 85.105 2.474 101.303 IYl.882 ToiAI 85.105 2.474 C•ranli to in$titylion 2024 indiiidualy 2024 TDi*I 2024 2•24 2023 212 82J64 2.S.483 60.984 21J80 82J64 Fuller details ol'srants madc and ttlakd ¢OSL%. inL.1￿ing 5upw¢th￿. att kn in 31 37 Analv5K4 of non Charitable txptndiiun b% a¢ii%ih' Governance rO￿ts 05t5 2024 2th23 (hher Ex￿￿dIL￿rt- GovemanCeLX￿tsl8dCta11td In N(rtc 33 5.105 31.320