COUNTERSLIP BAPTIST CHURCH FINANCIAL STATEMENTS 31 DECEMBER 2024 Charity Registration Number 1201374
COUNTERSLIP BAPTIST CHURCH FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 CONTENTS PAGES Trustees, Annual Report Reference & Administrative Infonnation Independent Examinerfs Report Statement of Financial Activities Balance Sheet 10 Notes to the Accounts
COUNTERSLIP BAPTIST CHURCH TRUSTEES, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 The Trustees are pleased to present their report and financial statements for the year ended 31 December 2024. Counterslip was an unincorporated charity, registered charity number 1131997, until 1st March 2024. On this date it transferred to a Charitable Incorporated Organisation. registered charity number 1201374. It operated from Counterslip Baptist Church. Wells Road. Bristol. BS14 9HT until October 2024. From November 2024 rt has operated from Oasis Academy John Wlliams. Petherton Rd, Bristol 8S14 9BU. OBJECTIVES AND ACTIVITIES The principal purpose of the Church is the athancement of Ihe Christian faith according to the principles of the Baptist denomination. The Church may a150 carry out other chantable purposes In the United Kingdom andlor other parts ol the worfd. The Church is a member of WebNet. 11 is also a Member of the Baptist Union and subscribes to their Declaration of Principle.. 'That our Lord and SaVr Jesus Christ, God manifest in the ffesh, is the sole and absolute authority in 811 matters pertaining lo faith and prac1, as Vealed in the Holy Scriplures. and thal each church has liberty, under the guidance of th& Holy Spirt, lo inlewet 8nd 8dminisler His laws. That Christian Baptism is the immersion in water into the name of Ihe Father, Ihe Son and Holy Ghost, of IIJos8 who hav& professed repentance towards God and failh in our Lord Jesus Christ who died for our sins according lo th& Scriplur8s.' was buried 8nd rose 898in on the third d8y'. That it is the duty ofevery discipfv to bearpersonal wrfness lo the s*)sp81 of Jesus Chnsl, and lo tak& part in Ilje evangelisatn ofihe worfil." When planning services and events, Counterslip has considered the Charity Commission guidance on public benefrt. and in particular, the specrfic guidance on ¢harilie$ for the advancement of religion. Counlerslip, primary benef1t is to help people learn about the Gospel and develop a relalionship with Jesus. Counterslip provides pastoral care through its Pastors and Elders to its congregants and people in the community. Ceunlerslip's vision has been, and Is," 'Togelher being wth Jesus. leaming from Jesus. becoming like Jesus.. 11 provides events. space and people to help nurture people lowards this vision. ACHIEVEMENTS AND PERFORMANCE The Church had felt a call from God to leave the Wells Road site for a %thile. Followng a decision in October 2023, during 2024, the Church leadership, members and congregants prayerfully considered and explored this. Monthly events were held from January as a way lo talk, pray and share with each other. These included Trustees café forum, a prayer walk. home group discussions and feeilback. a week of prayer and fasting, and gathered meetings. There were lots of discussions. prophetic words and pictu$. and more practical information about ¥thal moving woul¢J look like. The Leadership investigated potential other sites. Members concluded and voted on the process to sell the Wells Road premises and move temporarity lo Oasis Academy John Imlliams school from 3rd November. Counterslip has Stsyed there sin¢e. and the process lo sell the Wells Road sile began, looking to conclude in 2025. Counlerslip has held Sunday moming sel¢e$ all year. folbvn.ng along wrth a 2 year plan of reading the whole bible. this time in a chronological fom)at. In addition to regular Sunday services. Counterslip continued other regular events. The monthly Thursday coffee moming conbnued to be popular. A bi-monthly men's curry evening continued to grow. Weekly home groups continued as an integral part of our growth in fath, with new
COUNTERSLIP BAPTIST CHURCH TRUSTEES, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 home groups starting to accommodate new joiners. The yOLrth home group changed to meet weekly during term limes, while seeing more young people join along wth more helpers. Lots of the youth attended Hill House Christian Camp during the summer. Evangelism and mission monthly prayer meetings were held to support our outreach. Counterslip facilitated several Iraining, courses to support our congregants and staff. A discipleship course w85 run lo offer people an in-depth view of what being a disciple means and how lo go about it. A marriage preparation course was held to explore what Christsan mafriage means and support our congregants looking at getb'ng married. The Ministy team had some training sessions to help them in their service, including safeguarding. Mentor training was also provided to those giving on&tO-one support to others. Andy Kidd conbnued heading up the worship team and held couple of music workshops for prospective band members, as well as get-togethers for the current team. There were some one•off events, including a communty bonfire and fireworks night which was very well attended by a couple of hundred local people and had great feedback, plu5 the church weekend away, a barbeque. a picnic. and a Christmas carol service. Covnterslip also held a ¥btek of prayer event to seek what God is saying for our future. Boys Brigade met every Monday during school ternis until rt moved to a different church in September 2024 as the future of our Wells F¢oad sile was uncertain. Torch Trust, a local org3nisalion using our hall Its host services for the blind and visualty Impaired also held rts AGM and final meeting al Wells Road in September 2024. Services and events provided space to gather, including church members. regular non-members. and new visitors almost every weèk. many of whom became regular notrmembers. Our time together saw the Htsly Spirit present, and God worked in peoples, lives. We had 6 baptisms. 1 wedding. anil 13 new members. Regular congregants exceeded 200. 3 01 our church tsmily pa$sed away. 11 members left. Attendance, engagement and feedback for all our events has been really positive, supporting our outreach to our community lo share the Gospel. Counterslip continues its facilitation of a Food Bank, which has helped anere betsveen 20 and 200 clients on a weekly basis. Our mission partnership with James ant1 Virag came lo an end al the end of 2024. We now support a surgeon al Guinebor 11 hospital in Chad. and Helen and Wl Boondeekhun Chur¢h Planting in Thailand. Every three months we also support an addrtj'onal mission, tsvo home and Nvo abroad. Counlerslip's premises conb.nued lo be maintsined as needed. induding 2 days where teams were assembled lo tsckle some repair and maintenance works. There were some changes in leadership during the year. Jonalan Vaughan stepped down as Fabric Deacon and Trustee, followed by Connor Wlle¢ombe-Hague taking up the roles. David Self was appointed Family Deacon and Trustee. Ann-see Yeoh became safeguarding Clead. Margaret Cribb was re-appointed as Ekler and Trustee. Steve O'shea stepped down as Elder and Trustee. Andy Kidd was voted in as Elder and Trustee. Altogether, the activities of Counterslip and the people inVoed undoubtedly achTeved rts purpose sel out in ils Conslilulion. Many people reached by Counterslip have expressed an advancement of chrisb.an faith, whether it's getting to know Jesus for the first time. starting to read the bible. or just going into a church. lo a better understanding of scripture and relationship after years of being a Christian. Throughout the year, many leslimonies have been shared about God's healing and restoration.
COUNTERSLIP BAPTIST CHURCH TRUSTEES, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 FINANCIAL REVIEW The Church raises the funds ti needs to carry on its activities from within its own membership and congregation. No wder public appeal was made for fvnds during the year. The church is also heavily dependent on ils membership and congregation working as volunteers in all aspects of its activities, many of which have lrtle or no impact on the church'5 expenditure bul nevertheless contsibule 5ubstsntsally to the achievement of the church's objectives. Total income lorthe year was £128,196. a decrease ofapproximately £26.000 when compared to the previous year. This wa5 mainly due lo two large legacy paymen15 received by the church in 2023. Excluding these, general giving from the Congregation was broadly in line the previous year. Expenditure for the year was £163,887, a slight increase from the prevk)us year. Ajthough costs around our building were reduced when compared to 2023, an increase in staff part way through 2023 (new roles ofchildren's and youth worker being crealedl has continued into 2024. with a full yearfs cost lo these roles. We also increased the working hours of our adult pastoral assistant ha1fv4ay through 2024. Existing funds meant that the church was able to absorb these costs and continue lo run normally. Staffing levels in 2024 remained consistent wth the end of 2023 with the exception of the increase of hours mentioned above. A major change lo the direction of the Church was the decision lo sell our current building. The sale has recenlty been approved In a spe¢ial church meeb.ng held In July 2025 and Is expected to complete at some point before the end of 2025. The price accepted by members is £1.1m. This money. once received will be held in trust for Ihe church unlil a dlS1on is reacheil on purchasing a new propety. In October. partly due lo healing Issues al our existing Wells Road sile, a deusion was made lo start meeting al a new venue. Oasis John Williams School on Pelherton Road. as a tr1. The trial was successful and we conts'nue to meet on their premises every Sunday. This has meant increased costs $0 far in 2025 as we pay for the hire ol the school alongside maintaining our exisling building. Thankfulty, God has provided the fvnds we have needed and a notable Increase in giving has been observed in 2025. The church was a parb'cipatrng employer wlhin the Define(l Benefft section of the 8aptrsl Pension scheme and had been making ongoing deficil payments to cover the costs ol past service of its employees within the Scheme under a recovery plan. During 2024, the church received notice that the monthty payments, which hod already been reduced lo £11month would cease entsrety and that all liabilities towards the scheme had now been mel. As of the 1 March 2024. the church became a CIO (Charrtable Incorporated Organisab'onl. 1 assets held were transferred over to the existing CIO and the old charty has now been merged into the new CIO. Looking ahead lo 2025, the financial outlook is challenging wth funds generally below the desired reserves figure. However, God continues to be faithful in providing what we need. An increase in giving and gift aid alongside the imminent reduction in costs once the building sale is finalised means we have confidence that the charity will have no i55ues in operating as normal and dispensing it5 dulie5. In July 2025, the trustee5 and church meeb'ng approved the sale of the church building lo the Reileemed Christian Church of God for the sum of £1.1 m. It is expected that the sale wll complete bef¢ye Christmas 2025. Re$erYes Policy Having regard to the principal purpose of the tharity. the Trustees endeavour not to set aside funds unnecessarily. Our aim is to hold unrestricted funds not commitied or invested in tangible fixed assets I'the free reserves") al a level appropriate to the activrties of the church. This equates to approximately 3 month5, of the aggregate chuT¢h stsff payroll and housing costs whi¢h we eslirnate to be £21,000 by the end of 2024. Al this level the Trustees feel that they would be able to continue the current actwthes of the church in the event of a significant drop in donabons. At the balance sheet date unrestrted fvnds amounted to £41,935, of
COUNTERSLIP BAPTIST CHURCH TRUSTEES, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 which £30,328 are lied up in tangible fixed assets, leaving a free reserves balance of £11,607. This is lower than the limit set by the trustees. At the end of 2024, the church was in a relatively heathy position financially. although this was thanks to some fairfy sizeable on&off donations and legacies. Income and spending is finely balanced. However, we are thankful to God for his Provision whenever things are looking difficult and trust that He wll continue to do so in the years ahead. STRUCTURE, GOVERNANCE AND MANAGEMENT The church is 9ovemed by a conslitub.on adopted in 2009. Oryanisation The Iruslees normally bring matters rel*Jng to Ihe activrties and operation of the church lo the Members. Meeting for discussion. and where appropriate. voting tskes place to assist decision making. Regular Members, Meetings form part of the regular life of the church. In accordance wth the ¢onslilulion the members at a Church Meets'ng appoint the Elders and the Treasurer who then, by the nature of their responsibilities, become Managing Trustees responsible for the day lo day spiritual and administrative running of the church, ils work and witness and the financial and legal aspects of the charity. Other trustees may be appointed by the Church Meeting from lime to lime by virtue of their qualifications for the role. The trustees are appointed from the membership for a term ofihree years with the opportunty to be nominated for tsnè further Ihree-year term that must then be followed by a va¢anl year. when they wll be eligible for reappoinlmenl. The trustees are aware of their legal responsibilities within the organisath)n. All members are encouraged lo take an athve part in the spirrtual and practical tssks involved in the furtherance of our charitsble obieclives where appcopriale. It is church policy that vdunteers and paid workers working regulady with children and vulnerable adults are subject to D8S checking procedures. Stat8mont of trusts8s' rnsponslbllbtbos The Iruslees are responsible for preparing the Trustees. Report and the financial statements in accordance wrth applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102". The Financial Reporting Standard applicable in the UK and Republic of Ireland Iunited Kingdom Generally Aepted Accounting Practice). The law applicable to charities in England & Wales wures the trustees lo prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the charty and of the income and expenditure of the charity for that period. In PparIng these financial stalemenls, the Iruslees are required to.. select suitable accounting policies and then appty them consistenuy", observe the methods and principles in the Chanties SORP., make judgments and accounting eslimates that are reasonable and prudent.,
COUNTERSLIP BAPTIST CHURCH TRUSTEES, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 state thether applicable UK Accounbng Standards have been lollowed, subject to any material departures disclosed and explained in the finala1 ststements." and prepare the financial stslements on the going concem basis unless rt is inappropriate to presume that the charrty will continue in business. The Iruslees are responsible for keeping sufficient accountsng records that disclose with reasonable accuracy al any time the financial position of the charity and enable them lo ensure that the financial ststements comply wth the Charities Act 2011. the Charty (Accounts and Reports) Regulations 2008 and the provisions of the constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other IegularitIeS. Signed by order of the trustees ¢)n . 61h.Q.thr.2.o25 Redshatr Andrew Kidd Trustee and Elder Nathan Redshaw Chair of Trustees and Treasurer
COUNTERSLIP BAPTIST CHURCH REFERENCE AND ADMINISTRATIVE INFORMATION YEAR ENDED 31 DECEMBER 2024 Counlerslip Baptist Church is a registered ¢hartty (number 12013741. The church was constituted under a trust deed dated 1804 and is an unincorpofated associab'on wth Managing Trustees appointed by a meeting of its members. The Trustees and elders who served during the year arKI since the ye8r*nd were as follows.. Matthew Caddick Val Hills Glenys Lewis Stephen O'shea Emily Redshaw Andrew Kidd John Kirby Margaret Cribb Nathan Redshaw Emmanuel Onyeocha Jonalan Vaughan (resigned April 20241 David Self lappointed January 20241 Connor Willecome-Hague George Mogridge (Paslorl (Elderl (resigned 2024} (Elder- resigne(J October 20241 (Elderl (Elder- appointed October 2024) (resigned May 20251 (Elderl {Elderl lappointed June 20241 (appointed April 2025) ContactAddrnss 29 Sl David's Road, Bristol. BS14 9JH. The church meets at Oasis Academy John Wlliams. Petherton Rd, Bristol BS14 9BU. The building al 648-652 Wells Road, Bristol. BS14 9HT 1$ for sale. Propfrrty Trusto08 Wesl of England Baptist Trust Company Limrted, Stoke 8apts.sl Church, Kingsway, Little Stoke, Bristol, BS34 6JW. Bankorn Uoyds. Wells Road, Knowle. Bristol. Solicitors Clarke Willmott, Blackbrook Gale, Taunton, TA1 2PG. Indopondont Examlnér Joshua N Kingsltsn Bsc.. ACA, Burton Sweet Limrted. Chartered Accountsnts. The Clock Tower, 5 Farleigh Court. Old Weston Road. Flax Bourton, Brisld BS48 1 UR.
COUNTERSLIP BAPTIST CHURCH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES YEAR ENDED 31 DECEMBER 2024 I report to the Iruslees on my examination of the accounts of Counterslip Baptist Church Ilhe Chartyl for the year ended 31 December 2024. Responsibilities and basis of report As the charity trustees ol the Chanty you are responsitle for the preparation of Ihe aunt$ in acwrdan¢e with the requirements of the Charities Act 2011 1.the Act'l. I report in respect of my examination of the Chanty's accoun15 carried out under Section 145 of the 2011 Act and in carrying out my examinabon I have folk)Vd all the applicable Directions given by the Charity Commission under sedion 1451511bl of the Act. Independent examinor's statement I have completed my examination. I confim that no material matters have come lo my attention in connection wrth the examination giving me cause lo believe that in any material respect.. accounts'ng records were not kept in respe of the Charity as required by se¢ts'on 130 of the Act., or the accounts do not accord wrth those records". or the accounts dg not Comply wth the applicable requirements conceming the form and cgntent ol accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the ac¢ount$ give a'true and fair view vthich is not a matter Consered as part of an independent examination. I have no coneems and have come across no other matters in connethon vrfrth the examination lo 1¢h attention should be drawn in this report in order to enable a proper untjerslanding of the accounts to be reached. 02kMa LL Joshua N Kingston 8Sc., ACA Burton Sweet Limited Chartered Accountsnls The Clo¢k Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1 UR 6th October 2025
COUNTERSLIP BAPTIST CHURCH STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2024 Unrestrcted Fund$ General Designated Restricted End¢)wrnent Toial Fund$ Fund5 Funds Totsl Funds 2023 2024 Donations and18gaae8 charitab activities Other illGorne 113.244 8.874 3,226 116,470 9.630 139,873 6,498 7,714 Totsl 124,214 3.226 128.196 154,085 ExpOndra on.. Charilabk ¥Glivitse$ 152.229 2.555 9.103 163.887 154,732 Totsl 152,229 2.555 9,103 163,887 154,732 Nt In¢omWl•xp•ndltur•l 128.0151 11,7991 15,8771 135.6911 16471 Transfor8 behY8en funds 16 11.1981 1.198 Ngt movomont In fund• 129.2131 11,7991 14,6791 135,8911 16471 Tot1 lunds brought forward 15 71.148 1.799 13.382 1.3tx].otx] 1.386.329 1,386,976 Totsl lund8 carrfed fonvard 15 41.935 8.703 1.3,0¢ 1.350.838 1,386,329 Th¢ Charity has no recned g•in$ or hmes thr th•n the resufts f¢rth¢ ye•r •$ out above. l of the activitk?5 of the Charity are dasaed as conbnuiT¥J. The ¢omparotW for Ihe fvnd movemenls $hty*n In nc4¢ 17 Thè notes on pages 11 to 23 fomi partofthese fftnanclal slatements
COUNTERSLIP BAPTIST CHURCH BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Flxtrd asstts Tangible a5set5 11 1.330.328 1.338.953 Current assets Debtors Gash al bank 12 13 5.191 23.383 28.574 5.474 45.807 51.281 Credltors '. Amounts 18lllng due wlthln y•4r 14 18.2641 13.9)51 N8t currant assets 20.310 47.376 N•t ai••ts 1.350.638 1.386.329 Fund8 Endofft)ent Funds Restricted Funds Unrestricted OesvJnaled Funds Unrestricted General Funds 1.3C(I.000 8.703 1.300.000 13.382 1.799 71.148 16 16 16 41.935 Totsl lund# 1.350.638 1.386.329 6th October 2025 Thes0 financial statermnts awroved by tho tNsle•s on................................. 8nd are avjned on their behalf by.. Na/A¢7A Re61iA¢7 Andrew Kidd Trustee Nathan Redshaw Chair of Trustees & Treasurer The notes on pages 11 to 23 form part of these financial stathenls 10
COUNTERSLIP BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 Accountlng pollcl88 21 The finanaal StsIernts have preparad in accordance wfith the historical cost con¥ents"on lexcept whare otherwse staled in the accounting policy not81 and in accordance wilh the Statement of RecommeThYed Praclts Accounting and R8POrting by Charities preparing thèir accounts in accordanc wlh the FinancAal Reporting Standard applicab In the UK and Republic of Ireland IFRS 1021 Issued in October 2019. and FinanrAal Repon9 Standard applicab in the United nlOrn and R8public of Ireland IFRS 1021, and the Charitie$ A¢t 2011. The accounts Ifinanaal st81emenlsl h8Ye k¥ep8red to gNe s'tr and fair wew and have (leparted from Charities (Accounts and Reports) Regulations 2008 only 10 the extent required lo provKle a 'tn aTh1 fair vÈw'. This departur& has Involved following Accounting and Reporbng by Charit8." Staiemeni of Recommended Prath¢ applicab to charrties preparing their attounts In actordancÈ wrth the Financial Rewrting siandard applitable In the UK and Republic of Ireland IFRS 1021 issued In OdobÈr 2019 rather than the AGGounlirvJ and RekV)rbng by Charths. Stalemenl ol ReG(xnrnerKJed prath elfeLliYe from 1 April 2005 %vhiGh ha$ since been withdrawn. The church is a public benefft entty. The trustees know of no material rea50n th the Church shouhy ncl conbnue as B going concern. Pa5? refer to the TNstees' Report for the trustees. consklerations. bl Income from tlonalions 1$ included when receivable. exc41 as f¢lM. l. When donors speryfy that donaticffjs given to the Chanty musl be used in fvlure accountr'ng periods. the inwme is deferred until those periods., 11. When donors impose condrtions whKh have to be Illd tefore Charity becomes entrtled to Uae such income. the income 18 deferred until the Prendrt1onS have been met. ¢1 Inve$imertt income arising frem Ihe bank a¢thJnts is 1fid in the •rMunts on an 8cuu•ls basis. l Expenditure is cOgnised once the 1$ a kngal or ¢on$tyudi¥t oblwj0tv lo make ¥ payment to • third p•rty, It 1$ probable that selllemenl will be wuired and the amwnt of Ihe rtJlwJabon can be measuffjd rfrdbly. •) Support u$l$ ore those fun¢tion$ that a$$i$i Ihe Fk ol Ihe charity bu¢ do fiot diwuy undertake chari18b activit$. Govemance e¢si$ represent the co$1$ assotyaied Y411h the gener31 iunfiity of Ihe ¢hanty. These ¢o$¢s #re induded thIn $upport eo$t$. The Church rnak grants to Otr organisaon8 whose Chan1ab cknj8ct8 comFknent its own wo¢K. Th? Church also 8UPPOrts some individuals engaged In actwties associated wrth the objectives of the Church on the recommendations of ils leadership and mission teams. Grants are a¢¢ounted for In the year In whKh Ih¢y a paid. gl Flxed A888t8 On adoptien of FRS 102. Ihe Irustees took ad¥anlag• ol the abilrty to recognyae their fixed ait•ts al deemed cost. The charty is therefore recognising all assets at cosl 188s sub58quenl depreciaticfi. Depreciation ha$ not been Charged on th¢ ¢hurth or Manse pMISes. be¢ouse In tTr opinion of the tru$lees. the sIdual value gf the a$$el 1$ not les$ Ihan Ihe rarryiNJ value. Depreciation on Olher fixed assets is ltlIated $0 0$ to write off the ¢o$l of on 8$sel. le$$ its e$limaied res¥1 value, over the useful lrfe of thai asset as folk)ws Computer$ and eqvipmert. 20% Yen9 balan Fixture$ & Frtting$- 20% reducing babnce Motor VehKk5- 250A slraighl li prOrtY impro¥ements- 10% stravJhl li h) Debtors Trade and other debtors gre re¢ognised at the settknent 1)Unt due after #ny trade discount offered. Prep4yrnenls v4lued 41 the amount prepa net of any trade discourbts due. 11
COUNTERSLIP BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 1 Accountlng pollcl88 Icontlnuedl il Cash at bank and in hand Cash at bank and cash In hand Ind88 cash and short lern hvJhty Iv4uJ investments With a short maturity ef three month8 or less from tha data of af4uisilion oi opening olthe deposit or simikr accounL il Creditors and provision8 Creditors and provisions are reccgni88d where the chanty has 8 present ot4uats.on r8suttir¥J from 8 past event that %4ill probably result In the transfer of funds to a third paty and the amount due to settle the oblYJalion can be measured or estsmaled reliably. Cradrtors and provisions ar8 nomally recognised at their setllemenl amount after allowng for any trade discA)unts du8. kl The Church pays pension conlrknutions for rts Senior Minister to th? Bapbst Ministers Pension Trtssl Limited. whid) 18 a final salary definéd Thrrt sch8m&. is noi ¢ontract8d oul of the ste serxjnd n9)n. The stheme 1$ a MuemploYer schem& and It Is n¢X po$$ibk 10 identify the a$$et$ and Iiabilrt$ ol the sctheme whh are attnbuiable to the ¢hur¢h. Therefore, In a¢¢ordan¢e with FRS102 Sedion 28. the $cheme 1$ a¢¢ounted for as a defined conlributson sche. The pen$ion$ Gost$ Charged tts Ihe SOFA in the year are contributions paYae toydrds benefits and expense5 accrued in that year. Sethon 28.1 IA of FRS 102 aL%o require5 agreed deficit recovery payment5 to be recognised as a lbilty. 11 Unre$tn¢ted fund$ can be u$ed in a¢¢ordan¢ wth Ihe ¢aritabbg th.eas at the di$c¢etKn of the Iru$tee$. ml Re$lri¢ied lund$ can only be used for part¢ular restri¢xed puryx)se$ %¢hirt the obj.e8 of the charty. Re$lri¢tion$ arise when $p8¢ltsd by the donor or whon funds aro rai$eJ for partIlr $trle purpose$. ExpeftdrtU whith meets these ¢ritoria 1$ ¢hafJed to tho fund. n) Designat6d fund$ are lund$ sgt as8 by th8 trus1 out of unrestrictsd fvnds for $pecth¢ future purpo$es and project$. ol Endowm•nl funds r•pr•sent those a55ets thich must be pernanendy by the Charity. 2 Income Irom Donatlons Unrostrktod Funds General Deslgnated R•otslct•d Endowmont Total Funds Funds Funds 2024 DonAlion8 ind le9a¢At$ Tax refunds 98.247 14,997 3.226 101.473 14.997 113.244 3,226 116.470 Prftsr y•ar ¢omwr•tlv UnvoBtrkiod Fund• General DMlgnat•d R•Jtwlct•d End¢y*Tr•nt Total Fund8 Fund Fund• 2023 Donations and legaaes Tax refund$ 115.196 12.958 10.(66 1.653 125.262 14.e11 128,154 11.719 139.873 12
COUNTERSLIP BAPTIST CHURCH YEAR ENDED 31 DECEMBER 2024 3 Incom6 from Charltabl8 Adlvlt688 Unrestrict8d Funds General D8sl9nated Restricted Fund8 Endowrnent Total Funds Funds 2024 Totsl Funds 2023 Church actiVitS 8.874 9.630 6,498 8.874 756 9.630 6,498 4 ExndItre on Charltablo aCtl¥l•S by fvnd Unr05trKt8d Fund8 Genoral D8sl9nated Rutsicted Fund8 Endoont Total Fund8 Fund8 2024 Ministry Mission E8tablishm?nl Indendent examlners foe Accaunt$ preparatrt le 79.229 14,(M)8 55,548 754 5.275 3.828 86.310 18.585 55.548 754 2.890 749 152,229 2.55S 9.103 163.887 Ministry piymtnts in the ¢uffeni year in¢ludei £1.8C6 pahl +)vorto th• Bw Brv4ad6. movod to a drf•r6nt church during the yeor. Prlor yr comparatlveB Unrostrbcted Fund8 G•n•vo1 DMlgnot•d Restrlcted Endowment Totsl Funds Fund• Fund• 2023 Mini8try Mission E$tsbli$hm¢nl IntlenOnI examiners fee Acceunts preparatKn f•e $5,787 13.867 68.855 707 2.851 60.727 21.592 68.855 707 2.851 258 7,467 142.C67 258 12.407 154.732 13
COUNTERSLIP BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEM8ER 2024 6 Charitable activity expenditure by type Support Costs (nots Totsl Funds 71 2024 Dirert Costs Grant Funding Ministry Mission Establishment Govérnancè costs 86.310 2.478 30,336 86.310 18.585 55.548 3.444 16.107 25,212 3.444 119.124 16.107 28.656 163.887 Prlor yur eomparatlveB Support Costs In¢)ts Toial Fund• 71 2023 Dlr•¢t Costs Grant Fundln9 Mlnl$try Mi$$ion E5tsblishThnt Governance co8ts 60.727 4.634 32.571 60,727 21.592 68.855 3.558 18.958 36,284 3.558 97.932 16.958 39.842 154.732 8 Grant8 payable to orqanlsatlo Unrnstrlctsd Funds G8nefal 0osignat•d Re8trfcted Fund• Endowm•nt Total FundB Fund• 2024 8apli81 Union Great 8rrtain 8U Partnership In Mission Care for the family Hope 4 Lrfe eible Soaely Sall Hou88 Medair Jame$ & Virag 5.469 4.410 5,469 4,410 989 790 362 783 904 2,400 989 790 783 904 2.4 12.279 3.828 16,107 14
COUNTERSLIP BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 6 Grants payatAe to organ18atlon8 {contindI Prfory&ar comparatlv¢s Unwtvicted Fund5 Gerral t)8signat8d Restricted Funds Endowrnert Totsl Funds Fund5 2023 Baptlsl Mi$$itsnary Society IBMS) 88Ptisl Union Home Mission IHMFI James & Virag Emergency ap81$ Refuge Centre Romani One25 Open Doors Fi00d Hope Teartund Scriptur0 Union 4,582 4,%2 2,200 1,186 788 1,781 926 10 265 2.2(Kl 1.781 926 10 265 11.924 5.034 16,958 7 Support ¢o•t• Unre8tr1ctod Fund8 G¢nernl Deslgnatsd Restrtcted Fund8 Endowrnont Total Fund8 Fut)ds 2024 Total Funds 2023 Adminlstratlve stèff Administrative costs 9.331 19,325 9.331 19.325 15,914 23,928 28.656 28.656 39,842 Support costs are rnainty for the ongoing Irk of curch based actNrtk¥. Admintslrati¥e staff and costs are allocated 1CwJ% to Establishment as per the accounliry policy In note 1. I support costs in 2023 *ert unrestncied. 15
COUNTERSLIP BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEM8ER 2024 8 Net lexp8ndltrJrelnncom8 for tho year Thi5 1$ stated after Gh¥rying.' 2024 2023 Depreciation Indendent examiners fee.. cuntysr 8.625 8,773 754 707 for a¢¢ounts pTrparnti olherservjces 2.890 2,515 336 Twslees, expen888 9 Staff G05ts and number5 The aggrégal8 payroll ¢o$l$ Yr¢'. 2024 2023 S8larvas Social security cost$ Pension ¢onlribulions R•dundèn¢y paym•nts 67.131 3.C69 12 53,301 2,69J 3,734 291 70,212 80,016 Aggregate payroll costs for the cJJrrenl year are 81 lor Church Staff. The abjve exdudas addrtKsnal housing eosts of £4,52e 12023.. £4,373) for Churth pastoral staff. No employee received emoluments of more than £60.0)0. Key management personnel, who comprme of the Tnjstees and the minister reeeNed nefits arnounling to £41.857 during the year 12023.. £45.4911. One Iiustee, who 1$ also an employee. IN•$ in housin9 whdty or partty fd by the church. Remuner81ion w88 p8pJ lo the followng Irustees or p•rnoni conneded lo tN8le•#'. M Caddick £34,36812023.. £38.8521 E Redshaw (marrd lo N Redshaw, Irusleel £4.99212023.. £3.3711 The above remuneration Includes Stind18aLqry, Fension contri"0$ and housing costs forthe minister. Payment$ to tru$lee$ and connetted pernons a aloed by Ihe ¢))n$irtubon of the Chanty. The average fftekly number of empk)yees tluring Ihe year. as lo 2024 2023 Full time pastoral staff Other part time staff 16
COUNTERSLIP BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 10 Taxation The Charty is exempt from corporation lax on its charrtable activities. 11 Tangible fixed assets Church Pr•mls•s Furniture & Flttlngs Computer¥ & Equlpmènt Totsl 2024 Mans• Cost At 1 January and 31 December 2024 1.010.350 370.¢X(I 26.182 68.853 1.475.385 Dèprèclatlon Al 1 January 2024 Ch8rge for the ye8r Disposals Al 31 December 2024 44.348 8.035 26,008 35 68,076 555 136.432 8.625 52.383 26,043 66,631 145,057 Net book value Al 31 December 2024 957,7 370.000 139 2,222 1,330.328 At 31 December 2023 966.(J2 370.000 174 2,777 1,336.953 The deemed cost lor the church premises and the manse on 8doption of FRS102 was based on a S&pt&mber 2018 valuation of £1.270,OCO. All of the fixed 888et$ are used lor direcl caritable purposes. On 6th September 2016 8 valuation base(J ¥S11N9 use of the church premises and manses was Carried out by Adrian Male Associates (Chartered Surveyors) Ihis resulted in a combined fair value. accounting for restrictions, of £1,270,000. In October 2018, a valuation ol the Mansè was performeil by Greenwoods, resulting in a total combined value of £1,300,(X)O. The trustees still consider this to be appropriale. The Iruslees and churth meeting have recently (July 20251 agreed a sale of the church building for the sum of £1,100,(M)O. This is slighily higher than the current value of the church premises in the 2024 awjunls. The trustees therefore do not consider it necessary lo revalue the property in the 2024 acwunls. If the property had been revalued, Ihis would have created a reserve on raluall0n of £142,033. and increased fixed assets and total funds by the same amount to £1,472,361 IFixe(l Assets) and £1,492,671 (Total Funds). 12 D•btorn 2024 2023 Other debtors Prepayments 2,913 2,278 5,191 2,402 3.072 5,474 17
COUNTERSLIP BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 13 Cash at bank and in hand 2024 2023 Associated organisations bank and cash balances Bank tsf Seotland Lloyds Foodb8nk Petty cash 2,920 9.629 5,979 29,013 18,392 1,996 75 75 23,383 45,807 14 Creditor8'. amounts falling due within one year 2024 2023 Accruals Other creditors 3.505 400 4,820 8,264 3,905 18
COUNTERSLIP BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 15 Movement in funds 1 January 2024 Incomg Exp8nditur• Trnnsfers 31 Dec8mb8r 2024 Endowrnent Funds Property reserve 1,3(X).(XKI 1,300,000 Restricted Fund Mission gifts fund Building development fund Foodbank Care Fund 1.624 5.145 (3,828) 1,196 S,145 1.996 885 1.335 5.502 15.2751 19,103 13,382 3,226 1,198 8,703 Unrestricted Funds Designgted funds Boys Brigade Total designated fvnds 1,799 12,5551 12.5551 1.799 756 G8neral fund 71,148 124.214 1152.2291 11,1981 41.935 Total fund$ 1.386.329 128.196 1163.887 1,350.638 Re8trlcted funds Mission gifts fund represents donations where the donor has expressed a wish that th8 money b8 used for g speafic mission purpose or where appeals have been made lor specAfic missionary causes. The Building Development Fund was established dvring 2014 for the purpose of tstylit81ing future church growth and activities in the local community which 11 need signrficant in¥estmènt in expanding the capacity of our existing buildings 8ndlor the purchase of land or construction ol additional buildings. Th& Fo(Klb8nk Fund repre$enl$ 8mounl$ given specifically for the Counlerslip Cares Foodb8nk. This includes regular and occasional gifts from individuals as well as grants and gifts from other Churches and organisations. The funds are used to keep up 51ock$ of f¢x)d, loilelTie$ and household Items 8$ and when reouirtrd 8nd lo purchase f¢ems used for tho running of the Foodbank. These funds are now being transferred to InHope. Th8 Care Fuff represents (lon8b'on$ received from mernbers lo help church members who 8re Struggling financially. Tlje designated funds represent fvnds set aside to be used by Ihe activity groups Ihat form part of the church's activities. Th& Endowm&Trt fund rÈprèsents funds réeeived foi Ihè thurch building. 19
COUNTERSLIP BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 15 Movement in funds - prior year 1 January 2023 Income Expenditure Trdnsfers 31 December 2023 Endowment Funds Property reserve 1.3CKI.CKN) 1,300.000 Rg¥tri¢tgd Funds Mission gifts fund Building development fund Foodbank Care Fund 3,556 5.145 2,139 3,230 3.102 15,0341 1,624 5.145 1.405 7.212 12,433) 14,940) 5,502 14,070 11,719 {12,4071 13,382 Unrestricted Funds Design8t6d lund$ Boys Brigade Parent and Toddlers 1.216 3,046 1258 1,799 13,0461 4.262 12581 13.0461 1.799 General fund 68.644 141.525 1142.0671 1142.0671 3,046 71.148 141.525 3,046 71,148 Totsl fund8 1.386.976 154.085 1154.7321 1,38e.329 20
COUNTERSLIP BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 16 AnalysSs of net assets between funds Tangible Other Flxèd assèts Nèt ass•ts Total 2024 Endowment fijnds 1.300,(M)O 1,300,000 8.703 41.935 Restricted funds Unre51ricted gener81 funds 8,703 11,607 30.328 1,330,328 20,310 1,350,638 Analysis of net assets between lunds- prior year Tangibl* Othtrr Flxed assets Net assets Totsl 2023 Endowment ftjnds Re$tri¢t8d fvnds Unrestricted designated fvnds Unrestricted gentrral funds 1.300,000 1,300,000 13,382 1.799 71,148 13,382 1,799 32,195 38,953 1,338,953 47,376 1,38e,329 17 SOFA fund analysis comparatlv• fSgure8 Unre¥trl¢ted Fund$ Gèn•rnl D•8lgnat•d Re¥trf¢te(I Fund• Endowment Totsl Fund$ Funds 2023 Income froffl.. Donations and legacies Charitable activities Other Incorne 128.154 5,657 7.714 11,719 139.873 6,498 7,714 Total 141,525 11,719 154,085 Expendlture on.. Ch8rilable 8clivilies Total 142.[7 142,7 258 258 12.407 12.407 154.732 154,732 Net ineom8llexpenditur•l Transfèrs between funds 15421 583 13,0461 12.4631 {6881 16471 Net movement in funds 2.504 1688) 16471 Totsl funds brought foTh¥ard Total funds carried forward 4.262 14,070 1,300,000 1,386,976 71.148 1.799 13.382 1.300,000 1,386.329 21
COUNTERSLIP BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 18 Incorporation as a Charitable Incorporated Or9anisation On 1 Mard) 2024, the charity Counterslip Baptist Churth (number 113199n began operating as charitable incorporated organisalion 'Counler51ip Baptist Church,. {number 12013741. Under the Charity SORP FRS102. the results for the year have been presented following the Merger Accounting wles as set OLrt in Module 27 of the SORP. The results for the year are analysed as follows.. Counter31ip Counterslip Baplist Baptist Church Ipre- Church Iw$l- merger) merger) Combined totsl Total income Total expenditure 18.158 21.802 110,038 142.085 128,196 163,887 Nel Incomg and nel mov&m&nl in fvnds 13,6441 132,04n 135,6911 The results for the prior year are as shown in note 17 to Ihe accounts. The new CIO did not operate during this period. Net assets al 29 February 2024. the dale of the merger were as follows.. Ciwnlerslip Baplisl Church) Counlerslip Baptist Churth ICIO I Combined lolal Net assets 1,382,685 1,382,685 Represented by.. Unie51rided fund$ Restricted funds Endovnnenl lund3 70,858 11.827 1.3rxi.o 70,858 11,827 1.300.OCXJ 1,382.685 1,382,685 22
COUNTERSLIP BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 17 Related parties The Cuslodi8n Trustee of the church premises is the West of England Baptist Tru51 Company (Westl Limited lcharity registration number.. 10924461. The chuf(h is also a member ol the Baptist Union of Great Britain, and the West ol England Baptist Association ltharrty wistration number". 1092443}. The church benefits from a payroll swvice operated by 8 subsKliary of the West of Eng18nd Baptist Associ*ion, for which il was charged annual fees of £95412023.. £670) in addition to settling the total payroll liabilities for the church's employees. The church made a donation of £4,41012023." £4,562) to the Baptist Union Home Mission Scheme as set out in note 6. The total donations received from the trustee body during the year amounted to £24,75612023.' £18,707). 23