Company registration number: CE035300 Charity registration number: 1207085
Ebenezer Baptist Church
(A company limited by share capital)
Annual Report and Financial Statements
for the period from 19 February 2024 to 8 January 2025
Chase Accountancy Ltd 4 Station Court Girton Road Cannock Staffordshire WS11 0EJ
Ebenezer Baptist Church
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Statement of Cash Flows | 7 |
| Notes to the Financial Statements | 8 to 16 |
Ebenezer Baptist Church
Reference and Administrative Details
Chairman Richie Orrick Charity Registration Number 1207085 Company Registration Number CE035300 Accountants Chase Accountancy Ltd 4 Station Court Girton Road Cannock Staffordshire WS11 0EJ
Page 1
Ebenezer Baptist Church
Trustees' Report
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and auditors' report of the charitable company for the period ended 8 January 2025.
Objectives and activities
Objects and aims
To advance the Christian faith by teaching, preaching, and propagating the doctrines, principle beliefs, and teachings of God and our Lord Jesus Christ in accordance with the Bible, which is the word of God
Objectives, strategies and activities
Religious Activities
Public benefit
Provides Buildings/facilities/open space Provides services
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Trustees and officers
The trustees and officers serving during the year and since the year end were as follows:
Trustees: Richie Orrick (appointed 19 February 2024) Mrs Melissa Orrick (appointed 19 February 2024) David John Madeley (appointed 19 February 2024)
Chairman: Richie Orrick (appointed 19 February 2024)
Structure, governance and management Financial instruments
Objectives and policies
The charity's activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity’s policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.
Cash flow risk
The charity’s activities expose it primarily to the financial risks of changes in foreign currency exchange rates and interest rates. The charity uses foreign exchange forward contracts and interest rate swap contracts to hedge these exposures.
Interest bearing assets and liabilities are held at fixed rate to ensure certainty of cash flows.
Page 2
Ebenezer Baptist Church
Trustees' Report
Credit risk
The charity’s principal financial assets are bank balances and cash, trade and other receivables, and investments. The charity’s credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.
The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies.
The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.
Liquidity risk
In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the charity uses a mixture of long-term and short-term debt finance.
Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements.
Statement of trustees' responsibilities
The trustees (who are also the directors of Ebenezer Baptist Church for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
Company law requires the trustees to prepare financial statements for each financial period. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Disclosure of information to auditor
Each trustee has taken steps that they ought to have taken as a trustee in order to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information. The trustees confirm that there is no relevant information that they know of and of which they know the auditor is unaware.
Page 3
Ebenezer Baptist Church
Trustees' Report
The annual report was approved by the trustees of the charity on 19 November 2025 and signed on its behalf by:
......................................... Richie Orrick Chairman and trustee
Page 4
Ebenezer Baptist Church
Statement of Financial Activities for the Period from 19 February 2024 to 8 January 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
| Note Income and Endowments from: Donations and legacies 3 Charitable activities 4 Other trading activities 5 Total income Expenditure on: Raising funds 6 Charitable activities 7 Other expenditure Total expenditure Net expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 12 |
Unrestricted funds £ 28,052 2,980 448 31,480 (23,593) (21,298) (636) (45,527) (14,047) (14,047) 39,340 25,293 |
Total 2025 £ 28,052 2,980 448 |
|---|---|---|
| 31,480 | ||
| (23,593) (21,298) (636) |
||
| (45,527) | ||
| (14,047) | ||
| (14,047) 39,340 |
||
| 25,293 |
All of the charity's activities derive from continuing operations during the above period.
The notes on pages 8 to 16 form an integral part of these financial statements. Page 5
Ebenezer Baptist Church
(Registration number: CE035300) Balance Sheet as at 8 January 2025
| Note Current assets Cash at bank and in hand 10 Creditors: Amounts falling due within one year 11 Net assets Funds of the charity: Unrestricted income funds Unrestricted funds Total funds 12 |
2025 £ 25,929 (636) |
|---|---|
| 25,293 | |
| 25,293 | |
| 25,293 |
The financial statements on pages 5 to 16 were approved by the trustees, and authorised for issue on 19 November 2025 and signed on their behalf by:
......................................... Richie Orrick Chairman and trustee
The notes on pages 8 to 16 form an integral part of these financial statements. Page 6
Ebenezer Baptist Church
Statement of Cash Flows for the Period from 19 February 2024 to 8 January 2025
| Note Cash flows from operating activities Net cash expenditure Working capital adjustments Increase in creditors 11 Net cash flows from operating activities Net decrease in cash and cash equivalents Cash and cash equivalents at 19 February Cash and cash equivalents at 8 January |
2025 £ (14,047) 636 |
|---|---|
| (13,411) | |
| (13,411) 39,340 |
|
| 25,929 |
All of the cash flows are derived from acquisitions in the current financial period.
The notes on pages 8 to 16 form an integral part of these financial statements. Page 7
Ebenezer Baptist Church
Notes to the Financial Statements for the Period from 19 February 2024 to 8 January 2025
1 Charity status
The charity is a Charitable Incorporated Organisation .
The principal place of business is: Brunswick Road Buckley CH7 2ET
These financial statements were authorised for issue by the trustees on 19 November 2025.
2 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Basis of preparation
Ebenezer Baptist Church meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
Income and endowments
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
Donations and legacies
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
Page 8
Ebenezer Baptist Church
Notes to the Financial Statements for the Period from 19 February 2024 to 8 January 2025
Gifts in kind
Gifts in kind are recognised in different ways dependent on how they are used by the charity:
(i) Those donated for resale produce income when they are sold. They are valued at the amount actually realised.
(ii) Those donated for onward transmission to beneficiaries are included in the Statement of Financial Activities as incoming resources and resources expended when they are distributed. They are valued at the amount the charity would have had to pay to acquire them.
(iii) Those donated for use by the charity itself are included when receivable. They are valued at the amount the charity would have had to pay to acquire them.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Page 9
Ebenezer Baptist Church
Notes to the Financial Statements for the Period from 19 February 2024 to 8 January 2025
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Foreign exchange
Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are reported at the rates of exchange prevailing at that date.
The results of overseas operations are translated at the average rates of exchange during the period and their balance sheets at the rates ruling at the balance sheet date. Exchange differences arising on translation of the opening net assets and results of overseas operations are reported in other comprehensive income and accumulated in equity (attributed to non-controlling interests as appropriate).
Other exchange differences are recognised in the Statement of Financial Activities in the period in which they arise except for:
1) exchange differences on transactions entered into to hedge certain foreign currency risks (see above);
2) exchange differences arising on gains or losses on non-monetary items which are recognised in other comprehensive income; and
3) in the case of the consolidated financial statements, exchange differences on monetary items receivable from or payable to a foreign operation for which settlement is neither planned nor likely to occur (therefore forming part of the net investment in the foreign operation), which are recognised in other comprehensive income and reported under equity.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.
Page 10
Ebenezer Baptist Church
Notes to the Financial Statements for the Period from 19 February 2024 to 8 January 2025
Financial instruments
Classification
Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.
Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
Page 11
Ebenezer Baptist Church
Notes to the Financial Statements for the Period from 19 February 2024 to 8 January 2025
Debt instruments
Debt instruments which meet the following conditions are subsequently measured at amortised cost using the effective interest method:
(a) The contractual return to the holder is (i) a fixed amount; (ii) a positive fixed rate or a positive variable rate; or (iii) a combination of a positive or a negative fixed rate and a positive variable rate.
(b) The contract may provide for repayments of the principal or the return to the holder (but not both) to be linked to a single relevant observable index of general price inflation of the currency in which the debt instrument is denominated, provided such links are not leveraged.
(c) The contract may provide for a determinable variation of the return to the holder during the life of the instrument, provided that (i) the new rate satisfies condition (a) and the variation is not contingent on future events other than (1) a change of a contractual variable rate; (2) to protect the holder against credit deterioration of the issuer; (3) changes in levies applied by a central bank or arising from changes in relevant taxation or law; or (ii) the new rate is a market rate of interest and satisfies condition (a).
(d) There is no contractual provision that could, by its terms, result in the holder losing the principal amount or any interest attributable to the current period or prior periods.
(e) Contractual provisions that permit the issuer to prepay a debt instrument or permit the holder to put it back to the issuer before maturity are not contingent on future events, other than to protect the holder against the credit deterioration of the issuer or a change in control of the issuer, or to protect the holder or issuer against changes in levies applied by a central bank or arising from changes in relevant taxation or law.
(f) Contractual provisions may permit the extension of the term of the debt instrument, provided that the return to the holder and any other contractual provisions applicable during the extended term satisfy the conditions of paragraphs (a) to (c).
Debt instruments that are classified as payable or receivable within one year on initial recognition and which meet the above conditions are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impairment.
With the exception of some hedging instruments, other debt instruments not meeting these conditions are measured at fair value through profit or loss.
Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impairment.
Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment.
Investments in subsidiaries and associates are measured at cost less impairment. For investments in subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost is measured by reference to the nominal value of the shares issued plus fair value of other consideration. Any premium is ignored.
Page 12
Ebenezer Baptist Church
Notes to the Financial Statements for the Period from 19 February 2024 to 8 January 2025
Derivative financial instruments
The charity uses derivative financial instruments to reduce exposure to foreign exchange risk and interest rate movements. The charity does not hold or issue derivative financial instruments for speculative purposes.
Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to their fair value at each reporting date. The resulting gain or loss is recognised in statement of financial activities immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in statement of financial activities depends on the nature of the hedge relationship.
Fair value measurement
The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.
3 Income from donations and legacies
| Donations and legacies; Donations from individuals Gifts in kind Total for period ended 8 January 2025 4 Income from charitable activities Total for period ended 8 January 2025 5 Income from other trading activities Direct marketing income Total for period ended 8 January 2025 |
Unrestricted funds General £ 1,794 26,258 28,052 Unrestricted funds Designated £ 2,980 2,980 Unrestricted funds General £ 448 448 |
Total funds £ 1,794 26,258 |
|---|---|---|
| 28,052 | ||
| Total funds £ 2,980 |
||
| 2,980 | ||
| Total funds £ 448 |
||
| 448 |
Page 13
Ebenezer Baptist Church
Notes to the Financial Statements for the Period from 19 February 2024 to 8 January 2025
6 Expenditure on raising funds
a) Costs of generating donations and legacies
| Note Donations Allocated support costs 8 Total for period ended 8 January 2025 |
Unrestricted funds General £ 3,100 17,460 20,560 |
Total funds £ 3,100 17,460 |
|---|---|---|
| 20,560 |
b) Costs of trading activities
| Fundraising trading costs; Fundraising Costs of goods sold Total for period ended 8 January 2025 7 Expenditure on charitable activities Note Governance costs 8 Total for period ended 8 January 2025 |
Unrestricted funds Note General £ 1,332 1,701 3,033 Unrestricted funds Designated £ General £ 12,503 - - 3,940 - 580 - 4,275 12,503 8,795 |
Total funds £ 1,332 1,701 |
|---|---|---|
| 3,033 | ||
| Total costs £ Total funds £ 12,503 3,940 580 4,275 |
||
| 21,298 |
Page 14
Ebenezer Baptist Church
Notes to the Financial Statements for the Period from 19 February 2024 to 8 January 2025
Total expenditure £
In addition to the expenditure analysed above, there are also governance costs of £4,275 which relate directly to charitable activities. See note 8 for further details.
8 Analysis of governance and support costs
Governance costs
| Allocated support costs Total for period ended 8 January 2025 |
Unrestricted funds General £ 4,275 4,275 |
Total funds £ 4,275 |
|---|---|---|
| 4,275 |
Page 15
Ebenezer Baptist Church
Notes to the Financial Statements for the Period from 19 February 2024 to 8 January 2025
9 Taxation
The charity is a registered charity and is therefore exempt from taxation.
10 Cash and cash equivalents
| 10 Cash and cash equivalents | |||
|---|---|---|---|
| Cash at bank 11 Creditors: amounts falling due within one year Accruals 12 Funds Balance at 19 February 2024 £ Unrestricted funds General 39,340 Designated - Total funds 39,340 |
Incoming resources £ 28,500 2,980 31,480 |
Resources expended £ (33,024) (12,503) (45,527) |
2025 £ 25,929 |
| 2025 £ 636 |
|||
| Balance at 8 January 2025 £ 34,816 (9,523) |
|||
| 25,293 |
13 Analysis of net assets between funds
| Current assets Current liabilities Total net assets |
Unrestricted funds General £ Designated £ 29,665 (3,736) - - 29,665 (3,736) |
Other £ - (636) (636) |
Total funds at 8 January 2025 £ 25,929 (636) |
|---|---|---|---|
| 25,293 |
14 Related party transactions
Page 16
Ebenezer Baptist Church
Statement of Financial Activities by fund for the Period from 19 February 2024 to 8 January 2025
Unrestricted Funds
| Income and Endowments from: Donations and legacies Charitable activities Other trading activities Total income Expenditure on: Raising funds Charitable activities Other expenditure Total expenditure Net expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Total Unrestricted Funds 2025 £ 28,052 2,980 448 |
|---|---|
| 31,480 | |
| (23,593) (21,298) (636) |
|
| (45,527) | |
| (14,047) | |
| (14,047) 39,340 |
|
| 25,293 |
This page does not form part of the statutory financial statements. Page 17
Ebenezer Baptist Church
Detailed Statement of Financial Activities for the Period from 19 February 2024 to 8 January 2025
| Income and Endowments from: Donations and legacies (analysed below) Charitable activities (analysed below) Other trading activities (analysed below) Total income Expenditure on: Raising funds (analysed below) Charitable activities (analysed below) Other expenditure (analysed below) Total expenditure Net expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Total 2025 £ 28,052 2,980 448 |
|---|---|
| 31,480 | |
| (23,593) (21,298) (636) |
|
| (45,527) | |
| (14,047) | |
| (14,047) 39,340 |
|
| 25,293 |
This page does not form part of the statutory financial statements. Page 18
Ebenezer Baptist Church
Detailed Statement of Financial Activities for the Period from 19 February 2024 to 8 January 2025
| Donations and legacies Offerings Tithe Charitable activities Retreats Other trading activities Clothing Raising funds Fundraising Stipend Visiting Clergy Rates/ Water rates Heat & Light Repairs Clothing Post & Stationery Subscriptions Equipment Hire Sundries Travel expenses Insurance Bank Charges Charitable activities Chariable Giving Youth Night Subsistence resources Hotels/ Retreats/ Camps Legal & Professional Other expenditure Accountancy |
Total 2025 £ 26,258 1,794 |
|---|---|
| 28,052 | |
| 2,980 | |
| 2,980 | |
| 448 | |
| 448 | |
| (1,332) (4,260) (3,100) (305) (5,505) (2,612) (1,701) (708) (1,320) (168) (441) (1,018) (1,060) (63) |
|
| (23,593) | |
| (3,940) (580) (5,787) (6,716) (4,275) |
|
| (21,298) | |
| (636) | |
| (636) |
This page does not form part of the statutory financial statements. Page 19