REGtsfERED CHARITY NUMBER: 235182 Rwtofth• and Un#udlted Flu￿¢￿1 Statements for ¢be Yur Eaded 31 Decemkn 2024 Ruuell P*rk BAptht Chllr¢h Grove Hou8¢ i GTOV¢ P Bedford MK40 3JJ Russell Park Baptlst Cbureh Contents of the Flnanci*l Statsments for the Yejr Ended 31 De¢¢mb¢r 2024 Page Reference and AdmlDistralfve Detalls Report of the Trustees 2 to 4 Indep¢nd¢Dt Examkn¢r'5 Report Statement of Fln*ntlal Activltles BalADee Sbttt Lyotes to the FIDallelal Statements 8 to 14 Detailed Sta¢ement of Fiti*ndAI Adivltles 15 to 16 Russell Park BAPtls¢ Chureb Report of the TruBt¢e5 for the Ye*r Ended 31 December 2024 OBJECTIVLS AND ACTIVITILS Grantmxithig During the year the church gave £14.914 to support our Global parlners overs¢as. In addition the ¢hurch gave specific grants to local ot8anis8¢ions as 8 r¢sult of focussed fimdrnisin8 activities such the onnu41 Christmas offering. ACHIEVEMENT AND PERFORMANCE Ch#rltable aetlvltks The church continued w host a group for adults with1¢ornin8 difficulti¢s. namcd A￿rn. $¢¢king to ¢nobl¢ people with learning disabilities to come to know God and io liv¢ for Him, by enabling th¢m to toke pan in prayers. dromo, sin8ing and a¢tivities. The Church has encourn8¢d all of irs path¢rs lo join small groups, named Connect Groups. These are rnn on weekly basis. and are benefi¢iai for wellbeing and support throughout the year. PolLvh Pltsjitlme. provided help and support for the Polish SI￿1￿8 community. in the forni of a free meeting place for pre-school a8e children And th¢ir carrfs to regularly meet. A weekly foot￿11 ¢lub. which is ntsde avAil&bl¢ for all a8ei and abilities, ran durin8 th¢ $prin8 and Summer months in local park. The church provid¢s support for many who are ¢on8idered marginalized iti the wider ¢ommunity of Bedford. Si¢pplng Siones 18 4 community group which provides * meal. Bnd support for the wellbeing of isolated people in the local arm on 4 monthly b&8is. Another group, ¢811ed Outside In, also provide ¢ommunity 8UPPC*rt 4 times 4 year. Commiinlty Arts provided a'self-help, art 8roup offerin8 a re8ulgr plAee for arti8tslp8in￿rs who w•nt to experim4nt and l¢am from one anolher. All skills and abilities are welcomed and a variety of arts are practiced. The church re8ularly hosts events by Hope In Bedfordshire (re8iStered charity no. 1132750), which is a townvwide ini¢iative ¢0 see churcheg workin8 108eth¢r and doin8 more for their lo￿1 cornmunitie$. In keepin8 Wlth the llOrn￿l pr2eti¢¢ of the ¢hur¢h. 8p¢eial offerings 4t the Chri$thi4s 8eryi¢es were shared amoD8$t local charities working to h¢lp with special ¢ommunity need$ around Bedford. These Chrislm48 mornin8 offerings 8mounted 10 £2794 FINANCIAL REVIEW Flnallelgl posltlo The unrestricted funds of ihe church $1ond at £1.787,771. Of this Sum £1.770,000 18 represented by th¢ book volue of the buildings. The remaining net unrestri¢i¢d tkn)ds of £17,771 ar¢ available for ihe day to day ntnnin8 of the church. The trustees approved the transfer of £2.871 to cover expenses noi ￿1]Y ffijnded by restricted donations from the G¢n¢ral fund. As a resulL following these transfer8 the UDrestricted funds of the ¢bu￿b increased by £11264. The balan¢e5 on the restricted funds at the close of the year was £15,697 and the breakdown of this sum is shown in the financial sthten*nls.. Prln¢lpAI fundlftg sources The church is fimd¢d by volun¢ary gifts and donations. 8nd maximum use 18 made of the gift aid 8¢h¢m¢. Gratsts received We received a £1,0￿ 8rani from Arnold CIArk for the football evenirtgs in 2021 and during tho year £47 w9s spenL Golng ¢oncern Th¢ ¢Thsttts continue to closely nwnitor the level of fimds, in view of how they are b¢ing inv¢sted, and will endeavour W) ensure sufficient funds are in place to ¢oniinu¢ all its current activitie$. Page 3 Russell Park Baptht Cburcb Report of the Tn￿te¢S for the Ytsr Ettded 31 De¢*mb¢r 2024 FUTURE PLANS The church ¢on¢inu¢s to fundion with the ih)utkn of compliance with the UK guidelines for ploce$ lif worship. STrUCTURE, COVERNANCE AND iWACEMENr GoverDlng document Russell Park Baptist Church is constituted by a Deed of Inden￿re d*t¢d I l Novembw 1918, and was Te8iStered with the Charity Commission for England and wal￿ on 17 Mor¢h 1965. D¢¢hlon maklng The ehariry presenily employees on¢ fvll lime Smior Pg#or. Mr DaThen Chubb. The Senior Paswff and the team of elderg have major respJn8ibilty for the nllmin8 and governan￿ of the ¢lnwclL. Trnstee$ ond elders m¢ei re8ululy with the Setiior Pastor and the St￿tea￿ to discuss the wo& of th¢ ¢hurth and to make decisions concernin8 the re8ul8r activities within the ehurth. and a]50 outr¢th activities. Matters are also reported ￿ church partners on e regular bL8i& and matters c4xKerniti8 any n¢w of wotk OT wilnes4 and the expenditure to be incuffed. are TeferTed fo a full church mtttin8 for dxisithL Rtsk D￿nig¢￿ent The In￿1¢¢3 hive identified major risks io which the ¢lwi'ty is exposrf and have reviewed systems And pro¢¢dur¢$ io manage such risks. This risk ￿¢$$￿( tog¢th¢r with 4 halth and ￿fety policy* food safety poli¢y. and fire safery policy, are on80ing pro¢edur¢s with re8uhr Tevi¢ws w ¢onfomi w legal requirementy and to ensure that measures ar¢ in place to man4e each risk identifieiL FUNDS HELD AS CU￿0DlAN FOR OTHERS The charity hold$ funds in g duignat¢d bank a¢¢ounc as a￿1)ll ￿￿1¢< on bebalf of A¢om. a Christian organisation, who have compassion for adults with le￿ning difficulties. and who opernte from the Ch8Tity's premises. At 3 1st Lkcember 2024 the charity held £1,365 on behalf of this OT8anisation.The in¢4)me and expujses for A¢orn ate nol rq>orted within the fuwici41 Jtst¢m¢nts. Approved by orderof the b0￿d of truste¢5 On .. g."..A.pn..l...&2 and si8ned its behalf by: N Woodburn- Truslee PaBe4 Rllsstll P#rk B•ptht Chureh Referenee Adm5nistr*tive Dttsil$ for ¢h¢ Year Ended 31 Detember 2024 TRUSTEES D R M Gibson {resi8n¢d 24.4.24) Rev P Sands Dr S J W Mutphy (Elder) N Woodburn (Chair of Trustees & Elder) D Chubb (Setiior Pastor & Elder) PRINCIPAL ADDRE&8 90 Denmark Street Bedford MK40 3TJ REGISTERED CHARITY NUMBER 235182 INDEPENDENT EXAMINER Thompsons Accountancy Services Limited Chartered Accountants Grove Hous¢ l Grove Pla¢e Bedford Bedfordshire MK40 3JJ Mrs carol￿ Smith l Ablxy Road Bcdford MK419LG BANKERS Lloyds TSB 34 High Street BEDFORD MK40 ISB CAF Bank 25 Kings Hill Avenue Kings Hill WEST MALLING Keni ME194JQ Page I Russell Pgrk B•pds¢ Church Report of the Tru51ees for ¢ht Year Ended 31 De¢*Tnber 2024 Th¢ ttYstees present their report with the fmancial statements of the charity for the year ended 31 D¢¢¢mber 2024. The trusttts h2ve adopted the provisions of Accounlimg dnd Reporting by Choritiu.. Siatemenl of Recommended Pracfic* #pplieable to C1￿￿tIeS preparing their accounts in accordance with the Fitiancial Reportin8 Standard applicable in the UK and Republi¢ of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITILS Objettives *nd ietivltles The governing document states that the building is to be o¢¢upied and enjoyed as a place of public worship. ATising from worship. the membe[5 (pthners) of Russ¢ll Park Baptist Church are keen io ¢ncoura8¢ muftwt ¢are alld f¢llowship within the chwch. and also in the local communities, and to witness and live the Christian gospel. In the light of the cotttinuirtg growth of the Church, the pa￿eT$ aim to be re¢ognised as a church which displays and demonstrates Compassio￿ rigbteousness and cowagfy both to it5 P•rtn¢TS and to the wider community. This mission stytrment 1$ focused on the belief that the Church is foT GO￿ for its parthers. and for the comrnwiilies outside the ¢knur¢h. In addition to the times of worship and training in the churcb building4 other activities are SP￿lfi¢811Y aimed at Tea¢hin8. involving. and building relationships within the in]n￿dIate local community. There are number of opportunities for local residents to attend functions organised by the church. Relationships have been maintained with other churche8, both in Bedford and overseas. with regular m¢¢tings of leaders from a large number of local church¢& and opportunities have been sought io share in special events. Support of WOTk overseas continues to be a signifi¢¥rtt area of the WOTk of th¢ eharsty. DyTing the y¢ar. people SUPPOrted by the ¢hurch have spent lime ill other ¢ountrAes to help with church ¢ollhtuunity work in 4r¢as of greAt Slgnifjcant activities Many in the church volunteered at a mobile community hub in the centre of Bedford which is open every third S¥4turday of the month. making Ih¢mselves available to ta]k with 3nd support Some of the most poor and vulD¢rabl¢ partneT5 of soeiety. On 24th April 2024. Mr David Gibson fornierly stepped down from the position of trustee. Publle bellefit Each year our trustees review our objective and activities to ensure that they continue ￿ refi#t our aims. In c8rryin8 out this r¢vicw th¢ trustees have considered the Charity Cornmission general guidmce on publi¢ benefit and in particulaT its suppl¢m¢ntary guidance on the advancemenl of religion for public benefit. The charity'$ objects substantially includ¢ advancement of religion along with the building of good relatiorthips within the local community and ov¢rs¢&s. As ¢xpl8ined in the Achievements and Perfonnallce set out below. the tharity bas addressed a range of su¢h public benefit pU4￿se$ including.. The provision of a place of worship and facÉlitaiing people to learn about th¢ christi￿ faith ¥nd deepen their • Enablirt8 people to know of and live out the gospel in fellowship with other beli¢v¢rs and sn lives of s¢rvi¢e within their COMM￿lry • Contributing to the Spiritu￿ and mordl ¢dueation of childw yowig p¢opk alld adults Contributin8 to the mental and physical health of thos¢ that worship al visit the ¢hur¢h building ar¢ in relationthip with u$. Providing comfort to the bereaved including facilities for fimerAls and a course to help support those who have been bereaved Helping parents and nwried couples by providin8 cours&q and support Providing a financial fund to cater financially for those in need both within the churth and in th¢ wid¢r community. Providing help and 5UPPOrt for th¢ Polish speaking community, in¢luding a free meeting place for pre•school age children and their carers to meet Providing facilities and training for a local community ehoir Providing facilities for local young people and Adults at a f¢)otball club. whi¢h is ho$¢ed in & lo¢￿ publi¢ p￿* Providing faciliti￿ and support foradults with learning difficulties Providing support for the homeless and poorest members of society, including gifts of food item5 and toiletries. Providing facililies suppjrt for a local arts club Providing a nKJnthly mul for who gre lonely in the commuDity Page 2 Independent ExatDlllèr'$ Report to the T￿lIe¢S of Russell Park Baptlst Chur¢h Independent examlner's rep•rt ¢0 tbe trusteeB of Russell Park Baptlst Chur¢h I report to the clwity tntstee$ on my examination of the i¢¢ounts of Russell Park Baptist Chuffh (the Trnsi) for the year ended 31 December 2024. Responslbllltkn ind b*4$ of report A8 the charity tnEs*es of the Trust you 8r¢ responsible for the prepgr4tiott of the J¢¢ounts in accordance with the requirements of the Charities Act 2011 ('the A¢t). I report in respeci of my examination of the T￿￿¢8 a¢¢ounts carried out under Section 145 of the A¢¢ and in carying oul my examination I have followed 411 applicable Directions Biven by the Charity Commission under S¢¢tion 145(5)(b) of the Act. Independent eximltter'l itstement I have completed my examinotion. I wnfimi ihat no material mattm have come to my attcntion in connection wilh the ex8nLiDation givin8 me cause to believe thai in any mAi¢rial re8pe¢t: ounting records were not kept in respect of the Trust as required by Section 130 of the Act. or th¢ accounts do noi &ccord with those words. or the account$ do not comply with the applicable requirem¢nts conc¢rning ih¢ form and cont¢nl of a￿OUnt$ set out ill the Charities (A¢cowJts and Reports) Regu141ions 2008 other tlwi any r¢quir¢ment thai th¢ a¢¢ouots Biv¢ a true And fair view which 15 not a matter considered as Port of an indep¢nd¢nt examination. I have no ¢oncerns and have ¢ome acros$ no other matters in ¢onne¢iion with the examination to which allention should be drawn in this report in order io enable A proper understanding of the accounts to be reached. Mr K J Barrett FCCA Thompsons Accountancy S¢rvi¢e8 Limited Chffier¢d A¢¢ounlan¢s Grove House l Grove Place Bedford Bedfordshire MK40 3JJ Date.. Page 5 Russell P*rk B*ptis¢ Churcb Statement of Fln8n¢lal Actlvltles for the Year End¢d 31 December 2024 31.12.24 Total fund$ 31.12.23 Total Unrestricted fimds Restricted fijnds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 210,055 2<(194 234,149 221.992 Ch4rl¢¥ble A¢tlvltles Outr¢a¢h and Worship 716 &116 8.925 Other troding oclivili¢s Investtn¢nt income Other in¢om¢ 329 329 517 937 370 280 517 Total 217 972 ￿139 EXPENDITURE ON Charttable Actlvltle8 The Church Outreach and Worship Management and administtation of the charity 191,068 3,IJ02 191,068 2&0S9 218,744 30,818 2S037 Tothl 203 NET INCOMEI(EXPENDITURE) Tr8n8fers b¢¢w¢tn tundi 14,135 71 14,206 (27,690) Net movement Ill tsndi 11,264 2.942 14,206 (27,690) RECONCILIATION OF FUNDS Tothl funds brought forward ,776.507 11755 1.789,262 1.816,952 TOTAL FUNDS CARRIED FORWARD 1787 771 ￿69? 18113 468 789 262 The notes forni part of these financial statements Page 6 Rus$eU P*rk B*ptist Chur¢ BalAll¢e Sheet 31 Drfember 2124 31.12.24 Total funds 31.12.23 TotAI Unrestricted R¢stri¢t¢d FIXED ASSETS Tartgible assets i.rn.( 1.770,000 1.770,0 CURRENT ASSETS ikbiors CA5h at bank and in hand IOJ26 8,889 19.019 44.716 22.369 CREDITORS Amounts fAllin8 due withiti one ymr (iiJ (11248) (3,107) NET CURRENf ASSETS 17 771 ￿697 TOTAL ASSETS LESS CURRENT LIABILITIES 1.787.771 Is 1103.4 1.789.262 NET ASSETS 1787 771 789 262 FUNDS Unr¢stri¢ied fuD Restri¢ted funds 10 1.787.771 1,776,507 TOTAL FUNDS 1789 262 The fllwiciAI sth¢¢ments were approved by the Bo•Td of Trus*¢s thd ￿thOrI$td for issue ¢)n .. 4Dd were on its behalf by: N Woodburn- Trus*e Rumell Park Baptlst Church Notes to the Flnan¢lAI Stat¢m¢nts for the Y￿r End￿ 31 December 2024 ACCOiINTING POLICIES Basls ofpreparlng the ffinanelal ststemeDts The fman¢ial sta¢¢ments of the Charity, which is a public benefit entity under FRS 102, hav¢ beeD prepared iti accordanc¢ with the Charfftties SORP (FRS 102) 'A¢¢ounting aDd Reporting by Charities: Statement of Recommended Practice applicable to charities preparin8 their a¢￿Unts in accordance with the Financial Reporting Standard appli¢abl¢ in the UK and Republic of Ireland (FRS 102) {¢ffe¢tiv¢ l January 2019).. Financial Reporting Standard 102 Th¢ Finan¢ial Reporting Standard applicable in the UK otsd Republic of Lr¢land' and th¢ Charities A¢¢ 2011. Th¢ fuwi¢ig1 ststements bave been prepared under the histori¢al ¢ost nventio Flnandal reportlng 5tsndard 102- r¢duc¢d dtsrlosure exemprtons The ch￿lty has tsken advantage of the following di￿￿05￿¢ exemption in preparing these finatt¢ial statements, as perniitted by FRS 102 Th¢ Fin￿claI R¢porting Standyrd applicable in the UK and Republic of Ireland,: the r¢quirements of Section 7 Statement of Cash Flows. Income All income is recognised ID the Statemeni of Fill4ncial Aciivitie$ once the tharity has entitlettmt to the fi￿￿. it is probable that the iDcome will be received And the arnou￿ Can be measwed reliably. ExpendRtllre Liabilities are recognised as expenditrjre as soon as there is a legal or cOnstn￿tIvc obligation committing the charity to that expenditt￿c. it is pro￿b]e that 4 trJnsf¢r of economic benefits will be required in settlement and the amount of the Obli￿tion ¢4rt be measured reliably. Expendittjre ts accounted for on ￿ aecn•ls b¥si8 and has been classified under headin8S that aggregate all cost related to the category. Where costs cannot be directly attributed io particular headings they have been gl10¢#¢￿ to artivities on a ba515 consistent with the w¢ of resources. Grants offered subject to conditions which have not b¢en nwt at the yegr end date gr¢ noted as 4 ￿Mmi¢M¢llt byt noi accrued as ex￿diture. Tanglble tlxed assets Depreciation is provided at the following ann￿1 rate5 in order to write off each asset over its estimated useful life. Freehold prop¢ty in accordance with the property T¥Jxatlo The ¢I￿lty is exempi from tsx on its chgritable aetivitie8. Fund A¢eountlng Unr¢stri¢ted fimds can be used in accoTdano with the ¢lwrtable objectives at the discretlon of ihe tntst¢e$. Restricted funds ¢¥n only be us¢d for particular restricted PUTPOW within the objects of the charity. Restrictions arise when specified by the donor or when funds are roised for partieularTestricted purposes. Further explanation of the nature and purpose of ea¢h fund is in¢luded in the notes to the financi41 $ts¢¢m¢nts. Htre pur¢h•se and leaslng commltments Rentals paid wider operniin8 leases are charged to the Staiement of Financial Activities on a Stra￿ht line ba81S over the period of the Iwe. Pen85on costs and other post-retlrement benefit5 The charity operates 8 defined contribution pcn5ion scheme. Contributions payable to the ¢hartWs pension 8cherne are eharged to the Statement of Financial A¢tivities in the period to which they rela¢e. Pag¢ 8 continued... Russell Park B8ptSst Church Notes to the FI￿￿neSs[ St&t¢m¢nt$- ¢ottt1￿Med for the Y￿r Ended 31 December 2024 OTHER TRADING ACTIVITILS 31.1224 31.12.23 Sales of donated items IEBay) 329 937 INVLSTMENT INCOME 31.12.24 31.12.23 D¢posit account interest S17 370 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remun¢rntion or other benefits for the year end¢d 3 l December 2024 nor for the year ended 31 December2023. Trnstees. expenses Ther¢ were no tru5tee5' expenses paid for the year ended 31 December2024 nor for the yeAr ended 31 December 2023. COMPARATIVES FOR THE STATEMELYf OF FINANCIAL ACTIVITIES Unrestri¢ted funds Resiri¢¢ed fi￿d5 To¢81 funds INCOME AND ENDOWMENTS FROM Donations and legacies 196,675 25,317 221.992 Ch#ritable actlvltles Outr#¢h and Worship 7200 1,725 8,925 Other trnding adivitie5 IttveSth￿t income Other irt¢om¢ 937 937 370 370 280 Totsl EXPENDITURE O Charitable actfvltles The Church Outreach and Worship Martagemeni and administration of the cbarity 218.744 2,080 218,744 30,818 28,738 Total 231156 NET INCOMEI(EXPENDATURE) Transfers betw¢étt f￿￿￿1 (26,91 l) (779) (27,690) Net mtsvement ID funds (28.714) 1.024 (27.690) RECONCILIATION OF FUNDS To¢al funds brought foTward 1.805221 11.731 1.816,952 Page 9 continued... Russell Park Baptist Churcb Notes to the Flnan¢R81 St4tem¢nts- con¢lnued for th¢ Year Ended 31 December 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES. eontlnlled Unr¢stri¢t¢d Restricted funds funds Total funds TOTAL FLINDS CARRtED FORWARD 1776J07 1789 262 TANGIBLE FIXED ASSETS Freehold COST At l January 2024 and 31 December2024 17701100 NET BOOK VALUE At 31 December 2024 At 31 December 2023 17701)00 DEBTORS: AMOUI¥TS FALLING DUE wrrHIN ONE YEAR 31.12.24 31.12.23 Gift Aid io CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Bank loans and overdrafts (se¢ note 9) Trade creditors Other creditors Accrued expenses 1,200 317 1,440 600 LOANS All analysi5 of the maturity of104ns 1$ given below: 3J.12a4 31.12.23 Amounts falling du¢ within one year ott detnand: Bank overdrafts Page 10 continued... R￿$S¢ll Park B4ptl8¢ Cbur¢b Notes to the Fln*nclal Statement8- eoDtlnued for th¢ YMr Ended 31 De¢ember 2024 111. MOVEMENT ll¥ FUNDS Net movemeni in f￿}dS Transfers bettveen Ai 31.12.24 Atl.1.24 Unrestrl¢t¢d thnds General fijnd Property Fund 23,140 (11,875) 17,771 1770 IJOO 1770 IKII 1.776A07 14,135 (2,871) 1,787.771 Res¢rleted funds Missionary Fund Special Offerin88 Fellowship Fund Football Boiler Fund Mission to Bedford 11,023 434 913 386 (2,722) (226) (1.351) (48) S21HI 782 8JOA 208 1.650 338 5JOO 2,089 782 TOTAL FUNDS 1803 468 Nei movemont in fim(ts, included in the above 9T¢ a$ follows: Incoming resour¢e8 ResoLwces expended Movement in fim￿s u￿restrIcted fundi General fund Pmpety Fund 217.971 {194,831) 23,1411 217.9n (203,837) 14,135 Rrftrl¢ted fund• MissionAry Fund Special Offerings FellowshÉp Fund Football Dilit 12,192 4,116 630 (i) (14,914) (4J42) (1.981) {47) (1722) (220) (iJsi) (48) 716 (716) FO￿￿bank 175 568 275 5300 (175) (568) (275) Hope Bedftsrdshire Imwl Boiler Fund Mi8sion ￿ Bedford S21MI 71 TOTAL FUNDS 228 90S Pagell ¢ortiinu¢d... Rugsem ￿rk B*p¢ist Chur¢h Notts to the ￿TrAn(la1 StstemeRts- ¢ontiDued ftsr the Year Ended 31 Deeember 2024 10. MOVEMENT IN FUNDS. conthiued Comparatfvtt for movement In funds Net tnovemeDt Transfe At 1.123 31.12.23 unrestr1￿ fundi General ffiJDd 35.061 1.770.( (26,912) (1,643) 6.506 1,770,001 Nec51 1.770.( (3.772) (9.(￿) (13Jl 8) 17.771 1.770.000 1.805221 (12.776} (4,674) 1.787.771 Restritted funds Missionary Fwid Special Offerings Fellowship Fund F￿tball Hope Bedfordshire Boiler Fund Mi5SiOn to Bedford (3.010) 58 (1012) (82) (80) 521x1 782 8JOI 208 1.650 338 3.662 420 5200 782 4.674 TOTAL FUNDS 816952 1,803 468 A Current year 12 months 8nd prior year 12 months combined ￿¢1 Iiweiiieiit in funds. in¢hthd in the above a as follows: IDcomiDg Resources Movement in fimds UDrestrk¢ed funds General fiu)d Propety Fund 417.685 (421.457) (3,772) 422217 {434,993) (11776) Restricted funds Missionary Fund Special Offerings Fellowship Fund Football 27.081 13.704 1.759 59 (30.091) (13.646) (3.771) (141) (3.010) 58 (2.012) (82) (2.566) 175 758 828 5200 {175) (838) (828) Hope Bedfordshire Impact Boiler Fund Mission to Bedford 180) 5.200 53 708 TOTAL FUNDS 475 615 489.099 13,484 Page 13 continued... Russell P•rk ￿p*ll¢ Chureh Notes to the FSnondo1 Statements- contlnued for ¢he Year Ended 31 December 2024 Il. RELATED PARTY DISCLOSURES There were no relalwj pony tr8n8Q¢tions for the year etthd 31 December 2024. IL MISSIONARY FUND The mission fund compriJ¢s sperific don4tion8 r¢¢eived ftir mi38ioD support. 13. FELLOWSHIP FUND The fellowship'needs. fund derives 11$ name from spe¢ifi¢ 8ift8 and resources de$i8nated from the 8en¢ral fill by ¢he tnjslees, The fund exists io support those in oeed. both ill8ide and outside the churth by meens of 8ifts. 14. OUTREACH FUND This fund comprises donations received for proje¢¢8 thai benefii the church and the community. 15. HMRC JRS GRANTS During th¢ COVID-19 pandemic the UK Oovernment introduced a system of support for all employers to provide funds ￿ ¢oY¢r a significllnt part of the salary ¢osls of employees unable to wotk a8 a result of th¢ pandemic. The chorily submitted claims for supp)rt under this Kheme and all Awarded were used to pay employees. I& SPECIAL OFFERINGS AND DONATIONS The $p¢¢ial offerings accoun¢s for donaiion8 made for spee181 pury)oJu or projeer8 on Vario￿ occ•sion8 and people throughout the ye8r. 17. FOOTBALL Following pemii88ion from th¢ Bedford Mayoral otfice regardin8 the weekly football club nm by the Chur¢h ihe ¢harity was able to s¢ctw¢ 8 8rani ftom Arnold c1￿k to wpport this activity. Thi$ 8raat is rejtricted for the purpose of the football ¥¢¢ivity. 18. OTHER SPECIFIC FUNDRAISING FUNDS Separate fund$ have been shown in lh¢ fitt¢neial $tAiem¢nts for rnised for $peeifie purposes which historically may h4ve been omal8amated under the Special OfferinB$ ffijnd. The are Short temi funds and it is envisageil that thes¢ will pay out All funds held within the same financial yeor in which the funds are raised. Any shortf&ll bctween the funds Tai%d and th08e pid oul are transfer￿￿ from the Genernl These in¢lude DALIT Foodbank Hop¢ Bedfordthire Impact tndia Givin8 Life irt the Spirit (LITS) PaBe 14 Russell P#rk Baptht Chur¢ Detslled Statement Df FlnanclAI A¢tivltles for the Ye*r Ended 31 Dec¢mb¢r 2024 31.12.24 31.12.23 D•ttat50ffj8 legacles Donations Gift aid Legacies I97￿73 36576 185333 32,543 24149 221,992 Other traditt8 actlvltl¢$ Sales of donated it¢ms (EBay} 329 937 Investment incljme Dewsit account interest 517 370 CharltAble #ctivities Rent received Furtdraising activities 7AIX) 716 7200 725 &116 8.925 Other IDcome Other income 280 Total Incomlng rewMr¢es 243.111 232504 EXPENDITURE Charitable a¢tlvltEe5 Wages Social security Pensions Upke¢p of Church #Dd other ptoperties mi￿10n Support Outr¢a¢h Fellowship Fund Worship Resources Youth Work Ministy Expense$ Children's work Conncct Group Motor and travel expenses Mentoring & Discipleship ijcity Player Independent examiners fees Legal & professional costs Grants to Insti￿tionS CaTri¢d forward 144,163 6￿99 3,183 9387 400 6A74 1,970 3￿63 588 2149 679 291 602 124 2J99 161 174.913 10242 3.990 4,188 375 8,362 1,790 1.451 354 5.176 240 134 209 1,699 720 886 7.942 223.996 &754 192,1186 This page does not f¢)rni part of the statutory financial statetnw￿s Page IS Rllssell Park B#ptl$t Chllreh Detslkd Statement of Finan¢1￿ A¢dvltles for the Year Enlled 31 Decetnber 2024 31.12.24 31.12.23 Charltable 4¢dvltles Brought forward Gt8ttts to indiv1th￿IS 19L086 223.996 21)0,640 235,$18 Support cw¢$ Managemen¢ Other operating leases tes and water Insurance Li8hi and heat Telephone 4nd PDs¢age Post8B¢ and Ststionery Sundries Molor & travellinB eosts OtTicc & administrator costs Servi¢¢ core (flowers, catering* books and t4pe$) IT and other equipment Book-keeping Pa￿011 service5 825 3J81 13262 1,41J8 3.322 8.669 1.600 1,853 3.210 31 439 642 31 836 IJ57 724 1,359 500 27.948 24.233 Fln*nc¢ Bank char8es 76 60 Human resoiircei DBS checks 241 383 Totyl resour¢¢s expended 22 Net Incomel{expendlture) 27 690> This page does no¢ forni part of the statutory financial thtements Page 16