Company re8i51r4lioTr nuniber,, 00209503 Charity regi51ratioll numbcr: 247113 North Western Baptist Association (A ¢ompiny limit by Suwte¢) Annuol Report and Financial Sthtements for le Yeor Ermled 31 December 2024 AEBA4DIS 1710912025 COMPANIES HOUSE A25
North Western Baptlst A&soclation Contents R¢f¢ren¢e ind Administrnliv¢ De14ils Trnsiees, Report 2to6 Indcpendtni Exmmincls Rep)rt Statement of Finattciai Aciivities 8109 Balance Sh¢¢t 10 Slateii)ont of C•$h Flm NoteB to the Fin*n¢i•l Stst¢ments 12to21
North Western Baptlst Assocfiation Reference and Admlnlstratlve Detalls Trustee8 Reveirnd Z Adclcyc Reverend G Ayon Mrs K BOnkLY0 ReveiEnd J Bradbury RcvcKnd P Jump Mrs D IAndriau Mr$ S Nuit¢r ReVend S Oxley Ms L Quiuley Mr K Wisd¢ll Reverettd R M B Gouldbourne Se¢ret•ry MY M R He8n Prlnclpal Offlce Independent Methodi8t Ruouree Centre Fleet Strcct P¢mbcrton Wt8An WN5 ODS Reglstered Office 1st Floor Block C The wIrf Burmley BBII IJG Tli¢ Charity is incorpornte41 in England. 00209503 Company Rqlstratton Number Charfty Reglstr•don Nuniber 247113 B•nk¢r6 Unity Trusl Bank Four Brindley Place Birniin8hani BI 2JB Independent ExainlDer Champion TLL Limited 7-9 Stalion Road H¢skeili Battk PT¢Ston Lanco#liire PR4 6SN P48¢ 1
Noi*h Western Bxptlst Aisocladon Trustees, Report Th¢ lrnsl¢c5. who ar¢ directs)rs foT the pwpo8cs of conip8my law, prescDI thc awiual report iogether the financial slat¢mGnls ofilK ¢harithble Gompwiy for ili¢ yc4r ended 31 Decemb¢r 2024. OBJECTIVES AND ACTIVITIES ObJe¢ls The obje¢l$ of thc charity 81 Rl our iu lis MeNrandU of Association are: The advancement of th6 Chrislien reltgion cspc¢ig1ty by tbe Mell of arnl in Accordance ivith th¢ principles of Ihc Baplisl denomin4lion aj sel out for th¢ lirne being in Ihe Dlra110n of Principle of Ihe Bap¢is1 Union of GreAI Brilain. Publlc BeD¢flt The Iruslees confirm Ih•t they hAve complied with the requiremenw of section 17 of Ihe Cheriti Acl 2011 to havc due re8fyrd to the public benefit 8uidae published by Ihe Choffity con1$$10 for England and W41¢¥. Report on 2014 Objeellvts F2elllt#te a 4ti'Ategl¢ retA¢w event for trn$tees teAm memben 8$ a foundalloTr for fvrther ¢on$uliatloni In the Ilght of BUGB n•1e rtvlow. MET Si8nifiG•nl work ivas don¢ to generale financial models And r¢source ouessmeois for Ihe next five Ye No ¢l¢Ar ronrd pmposAl8 have yet b¢en fortlKoming from BUGB. Contlnue to promote • sense of beloholDg purpose throu811 th¢ Aiw¢l•llon theme '0 our Eyes" MET This w•$ used as a IhenK Ihrou8hout the yeor #nd ivas generally well received. Contlnue to offer ond develop ongolni NWRA IDlil•dvu and evehts Includln8> Mlnlglersl Conference, LAtf hford LeAfDln8 ComwuDIty. Tr4nsJAomal Mkntsltn, Home MIMlon, IMPAcf wt¢kend, Pl•neer Netivork etc. MET usi1 evenls were aTranged and suceessfully implemented. Pèrficida¢ effort was Inade io increase Safe8uaTding Trainlng to xddress posi-lockdown bJcklo85. The introduclioD of morc structure approach and An Eve4Jtbrile booking 8ySt¢m was of partIClr benefit in Iljis respect, Develop Assocl•tlon response to BUGB ProJe¢t Vltslet recornm¢ndatlon$ Jvlth ele•r ImpleJnent¥tlon alms gnd objeetlves. PART MET An initial drnft pul logether and Rc8ional 1¢4m m¢mber8 p4rll¢ipAt¢d fvlly In nafionAI briefin89 and planhing meetings. WO is 008oing aDd w¢ would expect lo have a fw81 verston in place by mid 2025. Engage wlth BUGB FIDan¢e revleiv to put steps kn place foi. NWBA to be nnanclally suslalnable fu the niedlum ternk PART MET NWBA pirlicipled fiilly in variou$ meetsnlls and briefinBS but Ihcro i& •s YVA, no cle4r proposal for a way frnrd ftom BUGB. NWBA made fomrd fimttce r¢thtionS 111 the li8bt of our be$1 a88essment of a likely oulcome, P88e 2
North W£stern Baptlst Assodatlon Trustees, Report Complete a 8erles of eonslllta¢lon events for cbui'ehes aad leaders wlth partleullr refer¢n¢e to the BUGB Flnance Revlew. MET A series of Conversation Day8 were 8vr4ng¢d in Autumn of 2024. R¢3ponyu 8t suggellions were collllled into detailed Sumniary which was mth available io trU$lce$ and team nKnibers and will bc used as a basis for rther discussions in 2025. EItAbll$h the NWBA lupport CIO wlth InlilAI suppoyt phAies In plc& MET A sep4r•t¢ CIO wos ¢8IAbliltd willi in ¢<¢le&ial stsvctur¢ which li be4n Med "The Oncsimus CoMinnity, Iniii•l trustees h&ve beeN appoind Jnd pilot partrKr8 wt in place. Su¥laln our EcuinonlcAI ¢ng•gemen¢ wl¢h PArtlculir Prforlty to Supporting IrAniltlon at the SkelmeiwlAle %MeIeI Centre ond Churche• ToRethtr ID Chuhlre. MET The SEC has been placed on a 5talobk futsnci81 footing witb att ongoing plan for building improveweDt in plac& CTMR athd CTC liave developed 8 growing partner8])ip and boih trustec boards l)ave now coinmissioned a feasibility study into oK8aAi5atiJ)nal merger. ThFS though hay required É18nifi¢wit itipul from NWBA leaDi membcrs and trusleG3 I'emain c4nccm¢d about the longer lern) viability of our current ecuin¢ni¢al 81ructtwes. Partlclpate In the BAp¢I8¢ "Everyone Everyivhtre" Inltladve to help churchm •nd leadeN to more tknlly èng•Ee ln lid10 devtlopmeDt. MET Team nKmbeix have pl&yed A part in ihe Bhaping of the n&tionil proje¢t and a numb¢r of chur¢liM w¢r¢ pres¢nled at Ihc launch conf¢Tcnrx in (ktober 2025. On8oinB disrussion$ are iti plAce is lo how ts> engft8e with &nd benefit froih Illi8 developin2 iniliailve. Cfjntlnue to develop orfey IDlielple} Proir*mm¢ lTh¢ludln8 2 found•dtsttAI Intern eehem¢, MET 1¢ was encouraging 10 See B signifi¢4 numbey of young leaderd at the IMPACT we¢kend, and 10 s¢¢ reol en8agement wilh the l¢ad¢Tship respowibilit1¢9 of the event. We have Iwo aclive bnlerns in Ihe NWBA area. one of whoiii I$ noi comc directly Ihrou¥h the "BXPLORE" initialive, but IS niAde strong connection with us. Funding is in place lo continvc into 2025. ContlDUe ¢0 enggg¢ ivlih Hdlfisporg" ehur¢hes wllh speciflc 1htelI0n to more fully IDelude congregallons •nd members from non-Brltlsh Irldldons. MET We have beett pleased lo se¢ i number ofnon.Brilish ohur¢h¢$ #ppn)a¢liing us for rther cngagefflenl And tcain members have been welcomed li VafiOUS styategic evenls. This Work is ongoin8 bul is devcloping in a postlive diT¢¢iion. Work th Chui'eb<s Together In MerseyAlde And Llverpool Fret Cliurch Coun¢ll to develop In e¢umenlcal recognldon of the 40th Ahnlversary of "FAllh In the Clty" In 2015. I¥I&T A pmj¢¢t lead appointed in Authmn. NWBA 18 aclivcly involved in tlic mAnb8emeni of the project goin8 forward. Objectlves for 2025 Looking to the year 8head. Ive Teeognis¢ that cent discussions and uncertainiies within our Paptist commuftity in Ihe UK have taken IheiT toll on r¢laiionsliips across out Union. We sense that NWBA is more able than me embrace the diversity that exi5t& but re¢ogrnis¢ a rpOnsIbl11ty to of(er a clear nwdyAge of uniry and atteplatKe lo our CDn¥regaliotis. With this in min(L the ts'ugtees have approved the ihem¢ "Sharlng God's Love Togethei" as th¢ ovrx-airhing focus of ow lil¢ and ministy. P48¢ 3
Nortb We8tern Baptijt Assoclatlon Tru$tees' Report Ourk¢y objectives ft)I 2025 arc: Conliiiue lo promote o sen8e o(belonBin8 •Dd purp05¢ tbrou8h the A8SOCiation Th¢nJc Bwild on the fowJdatsoii81 work donc to c$tabli8b th¢"One8imu8 Commtsttity" to create A 8eif-suslAitsin8 Krvlc¢ Jnd 811PPOrt organisation for ow pioneers and chur¢ls. Continue lo offtr and develop ongoing NWBA initiatives a#d events includin& Miniiter8' Conference. L8lchford Ixarnin8 Community, TrAnsilion•5 ministe Home Mission, IMPAcf weekend. Pioneer Network ¢tc. Finalix ènd Implwnent an Associatson respoN¢ lo BUGB Projectviolet r¢coinmrndotion$. Revtew fedback frnm 2024 Conv¢rsalion Day8 and develop 4 sil$i&i1e fvnding nwdel for NWBA moving forwArd in collAborAtion willi BUGB finance vIeW. UTrdertske • fevithv of the viability and effettiveneyB of our QnBOIII8 eciimenic•l coinmitments. Establish & Mi85ion cnabling team Ehrou811 voluntary rnEag¢mcnt of k¢y Bopttsl Partncrs, a5 an 14ngible response to the.VyOn¢ Everywhere" Tniliblive. Conlinue lo develop and offer {Dl8¢iplel ProBramm¢ and Explore Intern Pro8ratMI¢, Develop and Sfr¢iigtlM our htional Work with Diaspora Churches. Work with Churche5 Together io Merseyside and Liverpool Free Church Council to de]iY¢r • signific4nt event markin¥ Ilje 40tii Anniversary of "Faiili in ihe City" Develop A loc•1 ¢liuirh Incom2 ¥eneT41ion support piv&yrnmme irtcludinu Tev•cw and relauJh 'fhcerf¥l Givers" RevIV our currènt le•der8hip d¢v¢lopmenl provision #nd needs to produce • revised strAl¢gy and fonv4rd plan, FINANCIAL REVIEW The charl1$ main sour¢¢ of AnnuRI income is a went froni the B4plisi Union of Gr¢ Brilain. BUGB illcooie consists of Home Mission givin& l¢gacies 8nd other incom¢. Our gTant is a pTh4eterniined PErc¢ola8e of lotal inconie of BUGB in Ilie finai?cial year. Tlii8 source lias becN subject lo flUctallonS over recent y¢arn &nd is depend¢nt OJ the f¢11 perform#nce of BUQB each r. BUGB has cojllmetyced a revicw into tbe fuDding of as8oGiation& to reduce the un¢ertainty that thi8 canses. D'ing 2024 NWBA ieceived £l10.924 frojn Ili¢ sole of closed cburches. Th1818 111¢ Ujird yeAr In succession IhAi the di¥poJal of buildiny lias benefited NWBA. witholll whlch our finan¢es would h8ve been mucli iti)paired. Other sourccy of incohx iDclude individ1 ftttd church dottittons. Although thete 1$ tlie review of BUGB fin&nce8 cul'rently uThJ¢rway, Ihc truste of NWBA Atc lookin8 Ot alten)aliv¢ y5 to fijnd our activi¢iC8 Mnd reduce reli8n¢e on BUGB. Explndiwre is mainly in grants staff $ts, widi teoin member5 employed or seconded in different rol¢s ross the TC8ion, mainly In wart time posts. Investne porifolio gains amounted lo £13,256, Overall a surplus 8rose on the unrestricd fi)nd of U3,979. Page 4
North Western Bxptlst As80clation Trustees, Report nds Unrestrleted funds Tlie clrIty$ unreJtri¢ted reserv¢ consists of & general fimd ard four desi8noted tIdI whtch at the ye•r4nd atllOUTlt¢d to £839,134 (21n3:£795,155) which the Trusl¢¢s have 8110¢8ted as follows- Oeneral fijnd £263,231 So¢i&l inwtnwtst Property £300,906 Contin8ertcy fund £200,000 East Lancashire fvnd £74,997 The value of th¢ propety owned by tIK ¢Tity in Melling and iised for th¢ WQTk iindcrt&ken there is considered lo be ITh gxccss of the a¢quisilion Cost alld improvements. No markel sesSMen1 has beeD n)ade is tbei'e is no inlenlton of di5P05in¥ of the a55el. Rejtrleted fumd: Mlnlsltrlal Emergency Fund: This is funded by dottalions and is used lo enable sNdy wls and financial 511PPOrt for mini5t¢r5 in ne¢d. Inveslment Poivers 8nd Rejtrlctlonj Th¢ Association u5e5 the services of an inveslinent mAllAgei' for both Association and Chui'ch investsnetsts. The policy is to maximise T¢lUrn on inve81mcnt within a secure bas4 on & sound ethicpl pllifomi. LD4ns 8nd 8rllnts The Association dou not niake loatis 8vailabl¢ to chuffhes.ln 8ddilioll to Home Mission grnnt fithdingi we do on occasion aivard grants to ¢liui'¢lie$ on appli¢Alion for Mission and Equipment and lo cover deficilj on I Baptist Minisws PenBion Fund (d¢fin¢d beiicfil schein¢). Reserves pollcy The charity has set oside £200,QOO as & d¢%iyalcd ful lo Ver on¢ year's rnnning costs of Ilie charily (excluding grant p&ynwnts) du¢ to ¢h¢ un¢ertainty of the amount of grant fiinding from BUGB, Ivhich in itself IB dependent on gifts ond legacies for ils income. The rainIng r¢s¢rves held itt the general fund tsT¢ avllilable for fure proje£ts. sTRUUR4 GOVERNANCE AND MANAGEM Governing document Tl)¢ Conipany is goveimed by its tiCleS of Asgociation dated 28th March 2019, as approved al tTie SpeciAI Gcncral Meetiiig of llmber thurches. Supporting the Articles are procediires 011 clcctinx Irustec& Tjuslees serve for up to a tlyce y¢ar period And a maximum lliDe yeatS. Furtliei. sub commiit¢es appTrinted when and if required by Council for Specific purposes. Page 5
North Western Baptlst A890¢iWtion Trugtees, Report Rlgk Aslement Th¢ Trte¢S have introduced a risk mana8¢m¢nl pro¢¢ss 10 aws3 business risks and ift)plEment 8y8tems io miligole these risks. The Procedures will be periodically review¢d to eftsure thai they still meet tho needy of the Charity. CuitodiAn triisl¢eshlp The NWBA 1$ a Custodian Trvslee for n)gny churchcg in 118 membership. 11 holds property, stocks and yhare8 and bnk accounts in it8 P03ition 88 truslec. De9 lo prop¢rti¢S or¢ h¢ld with Iho Baptist Union co0[4tiOn, other as$ets ar¢ held separiièly from Associotion OWJJ Bsyets. Small ¢ompnlu provlthn il•l¢m¢nl This report ha5 been prnparcd Ill o¢wrd8Dce wiib the 8m•ll comp•nieJ re8ime under the Comp4niei A¢1 2006. The pnnual Teport was IpprovEd by thr tNsteeJ of th• chaTity on 20 MAY 2025 4nd 8i¥ned on its behaifby: Reverend S Oxley Trustee Page 6
North Western Baptlst Assoclallon Independent Examlner's Report to tbe trustees of North wtern Baptlst Auoclatlon l ttport to Ihe charity tsustees oo roy ex8nilnaLion of the ac¢ounts of the charity for the year ended 31 Decenthr 2024 which aTe sel out on p8geg 8 10 21. Regpeetlve re8pon•lbllltle8 of truilee$ •Jbd examinor AS tlig ¢l)ai'ity'$ tni8le&8 of North West¢rn Baptist A8SOCi81ion (Ind al80 its directors for lh¢ purp08¢8 of company law) >Y)u are rcsponsible for the preparalion af tli¢ accounts in accordan¢¢ with the requirements of the Qmpani¢s Acl 2006 ('th¢ 2006 Act,). Haviiw satisfied myself th#1 the account8 of North Weslern Baplist AsSlatIo are not requiird kn bc audited under ParL 16 of the 2006 ALI and arc ttli8ibl¢ for indepeNlenl ¢xaminalion, I r¢porl in respeLI of my examination of your charity's accounts as carried oul undet scclton 145 of the Charities Act 2011 ('Ihc 2011 Act,). In cArryin8 out Iny exominalion I llove followed the Dircclions giv¢n by tlie Charity Conwnissi<Jn und¢r section 145(5)(b) of 111¢ 2011 ACL Ind¢p¢oaenl txAndner'$ 8tAtement Since North Western Bapli8t A880ciation'$ gicSS incoine exceeded £250,000 your exllmine¢ must be a m#mber of a body lisied in 8¢Gtion 145 of the 2011 A¢1. I confirnj that l am qualilled to under1¢ th¢ exAmination bccau8c T am a membcr of the ACCA, whicl) 1$ OK of the li81ed bodie& l knv¢ conipleted My ¢x2mination. l eonfirn that DO rnlltter8 have come to my •tt¢ntion in conocclion WAth the tMInatiOn giving me cau8e to believe: l. accounlinB recards were nol kepl in i'espect of North WcJt¢rn B•pli81 A$soci¥lion n¥ required by 9¢¢tson 386 of tlie 2006 Act; or 2, ¢h¢ occounts do not accord witb th08e record8', or 3. the pccouots do not comply with the accounting rcquyremcnts of section 396 of the 2Q06 A¢¢ otiiei. than any reqiiircm¢nl Ilial tlie iccowils give a 'tru¢ and fair Yi¢V which is not a nlltter nsidered *s part oran ind¢p¢i)dent examinatson,. or 4. the a¢¢outsls hove not been prepad in Aceonlance ivith Ihe methods lltsd principles of the StsiemeDI of Recommended Practice for accoun11n and rcporlinB by charilies [8pplicable io charities prepariiig ihèir A¢¢ounls ID accordah¢e with the Fii)aucial ReportirLg Standard Applicable in the LfK and Republic of Ireland <FRS 102)J. I ve no concerro Ind liave coine a¢ro$$ no other m•lt¢rB in conneclion will) the ¢MiminAtion lo thich aliention should be dTiwn in thls report in ord¢r lo emble i prnpei. uDdcrsfaoditt8 of Ihe i¢counts to be rea¢he(L P A Bell ACCA Champion TLL Limited 7-9 Sialion Road Huk¢th Bank Prcslon Lancoshire PR4 6SN 28 Au8usI 2025 Pase ?
North Western BAptJ¥t Awtltlon ststement of FIDantl Actlvttlej lor Iht Yer Ended 31 Detembtr 2024 Oncludltti Ineomt attd Exptlldlturt Accont and Stattrnent ofTot•l RtuJgDlstd G•lni imd Lo•1) ULr•thkt¢d Tot 24 UDrMlrlthd Rtitrlcthd T•1 337,634 31.924 8365 34J,897 31.924 iJoi 156Q75 308,169 24.090 2,036 2,125 310294 24,05 2.036 134543 Othw incorno 158 075 537.097 470 963 Rol5¥ Cknritibjt ti¥l•1 13,1071 4?5.004 13,107) (3.S741 482.499 13.5741 3BO 2,050 Totsl Èxpcudiiwe 1507.491) 14U,0731 6.921 12,050) N¢t orj 15,2S6 6,921 Net In¢0(ExPe0d1LUrel Nei D)w•rnDnt In Allj 42.862 42,862 7$ {10.239} Totyl fijr9 biouslt foTrJard Totr] fuDds cwried foTrwtd 795 155 BOS,409 795.155 101342 17 B39,134 1,831 6s
North WEitsrN Blptht AM¢ts¢loi Stat¢DWDt otFln•Dcll Acllvltl¢s for the Year Ended 31 Drfewbtr 2024 aieludlni Income Ind Eipendltsre Ae¢oubt #nd Statement of TotAI Re¢oinAsed *nd Lthiel) A]1 of the ¢brity¥ dcrive from OPBTrtior6 dwkn¢th¢ibov¢tsw perloth. The bNkdowN for 2024 kn thtswn lttnot¢ 17. Pi8c 9
North Western Baptist Assocfiallon (Regfistradon number: 00209503) Balanee Sheet as at 31 Dttember 2024 2024 2023 Nole Flxed g11¢11 Oiher inv¢stm¢nls S•ci¥l inv¢8im¥nl$ 13 14 247,316 300 906 332.166 548.222 633 072 Current 4•iel$ D¢bto Cash 01 bank ond in hand Is 174,865 122 185 132,451 297,050 180,416 Cr¢dltor•: Anwunts fglllfjg dy¢ wltbln ome y¢ar 16 4.307 15,385 Net eurrent 08s011 292.743 165,031 840,965 798 103 Fund8 of the eharlly: Rértrleted Ineom¢ fvndi Rutfi¢i¢d fund 1.831 2,948 Unrtitrl¢l¢d In¢om fun Unr¢stri¢¢¢d fundi 839.134 795,155 Tot1 fuTrdi 17 840 96S 798 103 For the financial year ending 31 December 2024 the charity was ¢nliil¢d to ¢xemp¢ion from audit under se¢lion 477 of th¢ Con)pauie8 Act 2006 nl•till8 to smoll ¢ompanie8. Directors, rtjponsibililiqj: The member8 h4v¢ noi required ihe ¢harity to obthin an Audit of ils for tho yeAr in queslioft in •ccordance with section 476: ond Th¢ dir¢GloTh acknowledg¢ Ih¢ir MSPOTJsibililios for Gvmplylni wilh lh• requirtmeN8 of the Acl with r¢8pKI 10 o¢¢oiintin8 records and th¢ preparalion of a¢coiints, Thmc •¢counl8 h&v¢ b¢en prepared in •¢¢ordance with the provi8ioM Ipplibk to conw1¢8 sbjeCt to th¢ Small compani¢$ re8iine. Tr rinaneial slalemenls on pages 8 to 21 ivere approved by the trstee4 and authorised for issue on 20 Me4y 2025 and si8ntd on their behalf by.. Reverend S Oxley Tntske P4g¢ 10
North Western Bapifist Assoclatlon Statement of Cash Flows for the Year Ended 31 December 2024 2024 1023 Note Cash flows from operating •ctlvltl¢$ Nct cash irtcomd{expendin)re) 42.862 (JO,239) Adjustmentg to eAsh flows from non-eAsh Items Inv#slnwil income RcvAluation of inveslments (1,201) 13.25 (2,036) 28.405 (17,4571 Worklii% CApItAI adJu•lmen¢i (Increase)Idecrease in debtors De¢a8¢ ID cKditors l5 16 (42,414) 5,554 301427 N¢¢ ¢uh flows from opernting activities 313,330 Cash noivi trom InveillDg &ctMtles Interut reccivoble and simil¥ ineon Sal¢ of inve8lm¢nts 1,201 98,106 2,036 53,1100 Ne( casli flows from investing aclivltles N¢i increAsel(decrease) in c•xh Aftd equivalents 74,220 (258294) 300 259 Casli and cas11 equiv81¢0ts •1 l JAnuary Cash and rA511 ¢qUiVAiertts at 31 December 122 185 All of the cash flow8 detived from continuing operniions durirtg the above twts periods. Pagcll
North Western Bapllst A88o¢IAtlon Notes to the Flnanclal Statements for the Year Ended 31 Detember 2024 I Chfirlty slatus The chllrity is limilcd by guar•nlee. incoipor4led in Engjand, Jnd comequenily does not have 8hAre Capi1. E#ch of ihe ItuJt¢¢J is liable lo contribui¢ on Amouul uot exc¢¢ding £10 towaYd3 tbe of the chariry in ihe event of liquidalion. T1 ftddr¢s8 of its Yegi$turd office is: 1st Floor Block C The Wh•rf Burnley BBII IJG Thc priiicipal plA¢¢ ofbusincs8 1$,. Indep¢NJeni Methodist Rvsource C¢nlr• Flc¢t Streel Pemberton Wigan WNS QDS These financial Slatcmenls werc authori8ed for i88ue by Ihe tru51e¢B un 20 May 2025. 2 Aceoundbi poll¢lei Summry of 61gnlllc8nl ateountkng poll¢le$ and key AC¢Dvnting estlmites The principal accoiinting policies applied in the prcparalion of Ie finaftcial aMentS are sat out below, Thes¢ polici have been coll$ist¢nily applied ro all iht ye2[8 prL8ented, unless otlKnvis¢ slated. SttemeTht of tompU•n¢¢ The fillwl#l stamenls have been prepar¢d in accordance with Accountin8 and Reportlng by Chwiliei: Stal¢m¢iil of RecA>mrftendcd Prnclice applicable lo charilies pTeporin8 Iheir a¢eounLs in accord4nc¢ iYi(h ihe Fin)¢3&1 Rtport4n8 Siand8rd appiicabk in th¢ UK ond Republic of Ir¢land (FRS 102) - (Charities SORP IFRS 102)). the Financial Rcporling Sthndard applicAble in the UK nnd Republic of Ir¢land (FRS 102). They $0 ¢omply with the CompanirA Ad 2W6 ¥nd chltieS A¢t 2011. BAsl$ of prepratlon North W¢slern Baptist A880Ciation mc¢i8 the definition of • public bencfil ¢ntsiy uoder bRS 102, A¥scls Ind liabilitiei are iThili&lly r¢cognised Al histod¢ol ¢o$l or traniiction valuc unless ol1wls# 8tAted in the relevant accouniing policy note¥. Goliig ¢oncern Th¢ tnL5te¢s consider that thcre •te DO malerlal uncerfainties ab¢1 th¢ chariW5 ability to continue as 4 going concern nor llny 8ignificAnl Ms of unccrtainty lknt 8ffect the carrying valuc of assets held by Ilie GhaTity. E%emptlon from pi'ep4rlng * ca9h Iloiv itA¢oment The clwity is excmpt from prepirin8 a casli flow staiement. Page 12
North Western Bgptist Assocl8tlon Notes to the Financlal Slatements for the Year Ended 31 December 2024 Income •nd endowments All incomc is recogniscd Or the charity enlitlem¢nt lo th¢ ineom¢, it 4$ pmbablB ihat the iftconK will b¢ received and the amount of the income reteivable can be measured Rliably. Donatlon8 DOtiOn¥ •r¢ r¢¢o8nls¢d vkn¢n the charity has been notified in writing of both th¢ moun¢ diid selll¢m¢Dt d8t¢. rn the event that a donaiion is subject lo conditions Ihat require 8 level of p¢rformanrx by the clillriry before the charity is cnlided io the fill5, Ihc income is deferred and nol irwgniscd until cithei th05c condilions are fvlly inet. or tlK ]filMent of those eonditions is wliolly wiiliin ihc cotttrol of thc charity and it is probable that ih¢s¢ conditions will be firIlled in ihe reporting pcriod. GrAllti recelvbl¢ Or4nts are y078ed wlien the cl)arity has an ¢nlillemenl to the funds and any conditiQDJ linked w the Brants hAve beeft niet. Where pcrfonDanc¢ conditions are aitsch¢d to the TrI and are yel lo bc met, the income la reco8nised as a liability and inGludcd on Ihc balance sheel 18 d¢fei'Ked incom¢ lo b¢ r¢l¢o¥ed. Expendltsre All expendilwe is recognised once there 18 0 1¢8al or cong1nliV¢ obligatton lo thol expenditure. it is probable seltlenKni is required and Ihe amount can be nUrnI reliably. All ¢ts are illocated to the applicable expendittir¢ heding that aggregate similar cosis ¢0 ihat olesory, Where costs cannot bc directly attributed to particular he&din8S they hNve b¢en Allocated on A basil ¢on8islenl with the uge of rw)urce8, Ivith cenlral staff costs Bllocfrted on th¢ basis of time 8penl, And depreciation cl¢8 •lIoted on th¢ portion of th¢ •wl'$ US¢, Other supporl costs are allocated based on Ihe spread of staff Costs. RAl$lng Ilmds Tliese are costs incurrcd ITh 4llracliiig voluntslry in¢ome, t1 InAna8oment of tnv¢stments And tho$e incurrcd in trading aeiivities tha¢ raise funds. Ch8rlt*ble •ctlvlrfes Charitable expenditurc comprises Iliose c4)sts ii)¢urred by Ik Charity in delivery of its •clivilies al services for its beneficiaries. At intlude8 both costi that can be 8llocAted direclty to such activities and those costs of Aft indire¢t nature necessary to iupport li. Cr•nt provlsloni Provision3 for 8raots are me wheii the intention to mAk¢ A 8ratti ba$ been commuDiUi¢d to th¢ recipiottt but Ihere is uncertainly aboui either the timin8 of th¢ grant ol the lmount of 8rnnl p&y8ble. Gaveriiance costs These include ihe costs attributsble to ihc charity's compliance with constitulionfil and 8f8tutory requireinents. iticluding audit. 8ttale8ic nwagemeni and ffi18te¢5's Mectin 8nd 1mbur8ed ¢xpcnses. TaxotSon The obarity is sid¢I pass the tests sel out in Par88raph I Schdule 6 of the Finonce Act 2010 and therefore it meets the definilion of a charilable COD)pany for UK corpoTation tax purposes. Accordingly, tlle charity 18 pot111811Y ¢xenip¢ froni 1oX8tion in re8pcct of income or capil818ai119 received wiihiii ur¢gories covered by aiapier 3 P8ri I l of tl)e Coiprntion Tax Act 2010 or Section 256 of Ilie Texalion (Jf Cli#fgeabl¢ Gains Acl 1992. to ¢h¢ ¢xlent thai such income OY gains applied exclusivcly to charitsble purpose& Pa8¢ 13
North Western Baptlst Assoclatlon Notes to the Flninclal Statements for the YeAr Ended 31 Deeember 2024 ProirAnime Yellted Siivestments Progtamme relaRd investments are made in furih¢rnnc¢ of ihe ¢h4rity'8 objec1$ 8nd 8ny Inv1COl tlfi is secondory lo the charitable purpose 1pported by the iiivestmenl. Such invesun¢nts are irtcluded at their cost. Any loss of impaim)enl arisin8 froiii such inveslnients is clwg¢d As pArt of charliible 1ville8 within Siatcmenl of Financial Aclivitic•. Flyed Asset Invutmenl$ Fixed at investmenls, oth¢r than PfO8rnmme reluted investhients. Are inGlvded xl market vllluc tht th¢ bolanLe shed dats, Realised Sai and losseg on investments are calculated 45 lh¢ differenc¢ b¢tween Mles prCed8 and their markct value It the Stsrl of ihe year, or their subse4uenl cos4 and #Te chwged or u¢diicd to the Sial¢ment of Financi81 Ac¢ivilics ift the rIOd of dispo1. Unrealised 8aini ond losses represeni the movemenl In mjtht VAIuc8 during the y¢•r ond are rAedited or eharged lo th¢ Sw¢m¢nt of Fin?n¢i41 Activilic8 6¢d on lh¢ mjrket valu¢ &i the year end. Trnde debtorg Trade debtor8 Iro amoiinls due from wslonKr5 for Merchandise sold or #rvices pcrfornied In th¢ ordlnjry cours¢ uf bus•nc%q. TrDde debiors regniSed inilially at the transoclion price. They are Mbsequenily Imwed at wmonised ¢ost iISln8 the effective interest nthOd, provi$ion for impAirmenl. A pmvision For Ihe impairnienl of Ir4de deb18 is estab]islwl when there is objective evId¢ that the ch•rity will noi be able lo collect all anwunts due according lo ti)e oiigin81 tern of Ilie rcccivables, Fund itructur¢ Unresiri¢ted income ndS arc Sen,81 fimds thai th availabl¢ for at the Irustees'8 ditiOn in filer8ce of the objective5 of the ¢harity. R¢slricted in¢ome fund8 4re those don•ttd for usc in i rtICUlar irta or for w¢¢ifj¢ PUTPOK& th¢ use of which is restricled thal Brea or purpose. Penslons And oiher post r¢dremenl obllgArfons The ¢hariry opeTAI¢8 A dcfincd coniribulion pcnsion scli¢mc which 18 i p¢niion plan under lICh fixed nttibutions w¢ paid iThlo i p¢nsion fund llnd the charity has no leg&L oi. CODsiruGtsve obligaiion to pay fvrther ¢onlributions even if IIK fund doe5 hold sufficienl 4siel$ to pay all ¢mploy¢¢s the b¢nefits relating to euwloyee 8eryic¢ ID th¢ ¢urreDi aftd priorpertod& Colliribuiions lo defined Contribution pl•ns re&ThIS¢d in Ihe Si&teineiil of Fin41i¢ial Aolivilie8 wh¢D they 4re due. If contrsbiition PAne ¢xceed the coniribuiion due for scrvice. the exttss is rE¢oBni%d as a prepayment. P4ge 14
NoTth Western Baptlst Assoclatlon Notd to the FlnAnclal StAtements for the Year Ended 31 December 2024 J IL¢on from donAtlons Unr¢strt¢ted fun RdtYl¢ted fund$ Tot41 2024 TotAI 2023 Getttral Donations Oift old I11Med ¢1 57.700 13J27 266,607 8.263 65.963 13,327 266 607 56,309 2S3 985 337.634 345 897 310,294 Grnnts r¢ceived, included iii the Above, ar¢ 45 folloivs.. Baptist Union of Gr1 Britain 260 107 243,485 243 485 260 107 4 from ehArltable *cdvlde8 Unregtrlcted Cuhdi Total 2024 Total 2023 GenerAI Youth activiti¢s. events, resoUrS Mini8lers confpJt•Ke 17.667 17,667 12,147 S Inve$tmen¢ Ipcome UnreJtrl¢led Tothl 2024 Tot41 2023 Geieral Unlisted investment income Listed inv¢slm¢DI illcome 200 1,001 200 2(M) 2,036 Pag< 15
North Western Baptl8t Assoclatlon Notes to the Financlal Statements for the Year Ended 31 December 2024 6 Other In¢ome Unrutrleted nd8 To1741 2024 Totil 202J Gener#1 Closed Churches Stoff costs reimbiiised Employm¢nt Allow¥nc¢ Misc¢U&ncou8 110.924 38,8ll 5,000 110.924 38,811 5,000 lff2,430 23.514 5.000 158075 158075 134,543 7 Exp¢ndlthre on rklng fundi ) mnigeTheTht CO5¢1 Unrestrlettd funds Tot•1 2024 Totsl 202J General Investment InAna¥emeni ¢osts 8 E%pendlture on chirlt#ble •etlvlde¥ Uiirejtrlcted funds Ruttlcied funds Tol*1 2024 TolAI 2023 Genei'AI Note Home Mission Grants NWBA Grints Sthff ctssts Other direct Costs Ministerial EmergeThcy Fund'granls Or8nis payable- individuals 130.177 15,500 284,168 65,159 130,177 15.500 284,168 65,159 132,139 7,800 264.940 77,620 1,380 1,380 2,050 9,380 504 384 484 $49 P48¢ 16
North Western B8ptl$t A8soelAtlon Notes tij the Finanelal Statements tor the Year Ended 31 December 2024 9 Not In¢omingloutgolng resoDreeJ Nel incoininW(outgoln TesourGH for die year iii¢lude: 2024 2023 Indep¢ndeDt Examinev's femunerolion 10 Truit¢e6 remuneYAtIon And expense$ R¢v P Jump (Ivho AS Rcgionol Min18ter is ilso a ttuste¢ of NWBA).. &Alary of £42.034 {202J'. £40 068) •uthori8cd by t1 Memorindurn and Articles. Hou5in8 paynents of £13.S64 (2023.. £12,955) ond Ir&vellinB and other expeDKs of £6,073 (2023,. £6,864) Ivef¢ Also incuTr¢d in the y¢br. I I Stalf tosts The a8gr¢8ate pyroll costs were 16 follow8: 1024 2023 Stlff ¢08ts dvrlng the were: Wages and saliri¢s So¢ial seairiry costs PeL8ioJ colls 251.035 18,463 14.670 234,829 16.024 264940 The moDilily averyge numb¢r of F¢r8ons (in¢ludin¥ 101. manag¢iwit 1¢4m) employed by the chiiity durin¥ th¢ yc4r eXpr¢d as fjjll time equival¢uts was ss follows: 2024 No 2023 No mi10 and evangeli$m AdmihistrAtio io 12 13 No ¢n)ploy¢c received eLlloluments of more than £60,ocKJ during the year. 12 Taxitlo The cliority is & r¢8a8tered charity •nd 18 therefore ¢xempl fvortj laxalion on It's ¢liarit8blc activities. Page 17
North Western Baptlst A880CiatSon Notes to the Financial Statements for the Ye74r Ended 31 December 2024 13 Ftsed ay8et InvestllS Ltsted Ibvt5tments Uffjllited IDvestments Trtrtal Cost Al l JinuBry 2024 R¢v•lua(ion Disposals Ai 31 D¢cember 2024 328.161 13,256 98.106 4,005 332.166 13,256 98.106 243.311 247316 Net book volue At 31 D¢¢¢mber 2024 243311 247316 At 31 December 2023 328.l61 332.166 14 ProgrAmme relted Inveitmnt$ Other InvestmeDts Tot•1 Cojl Al l January 2024 At 31 Du¢mbu 2024 300,906 300,906 300,906 Provlilon At 31 December 2024 Net book value Al 31 Deceinbcr 2024 At 31 Decnber 2023 300,906 15 D¢btors 2024 2023 Piep9yniernts Other debtQT8 1,447 173418 1,304 131.147 174.865 132451 Page 18
North Western Baptist Assoclatlon Notes to the Flnanelal StAtements for the Year Ended 31 December 2024 16 Credllor$ 2024 2023 Acc41$ 17 Fuiids Bgl•n¢¢ At 31 Decembor 2024 Oth¢r Ruource8 reeognlied expended VInO039e5) JAnUAry 2(J24 Incomlng Yesourees Unre$lrlcted fundi General Fund Social in$thl¢S - property Contin8ency fijnd Eul iancftshiie Fund 215J3S 5211,834 (494,194) 13,256 263,231 300,906 200.000 300.906 200,000 74.997 795 155 528 834 498 111 839 134 Reitrl¢ted funth Mini$lcrial EnrgencY Fund Private Funds 263 (1.380) 1,831 TotMI funds 798.103 537097 507491 840,965 Pthge 19
North Western Baptist As$ocladon Notes to the Flnanelal Statements for the Year Ended 31 December 2024 Balan at 31 Deeember 2023 Other Re$our¢eJ i'ecognlsed expended gAlnsl(losses) Ineomihg rtsourc Jahp•ry 2013 UhTestrletEd fuiidi (kn¢ral Fund Social investments - propety Conlin8ency fvnd East LanushiY¢ FuDd 213.285 468,838 (473,709) 6,1 215,335 300,906 200.000 300,906 200,000 805,469 468.838 (486,073) 6,921 795,155 Rejtrlcted lund$ Mini$(eriAI EIDer8ency Fw 2.873 2948 Tot81 fvlld5 798 103 Fundg &Te described In the Trustees ReporL 18 AttAIy818 af net auets betw¢en tsnds Unreitrieted funds Reatrlcted lundj Tot•1 funds 912024 Geiiergl Fixed asset investfflents Programme related invcstn*llrs CuTr¢ni C¥rTent li¥bilitie8 247.316 300.906 132.895 247,316 300,906 134,726 1,831 Total net assets 676.810 678,641 Unre8trlcted tullds Rostrl¢ted Tot•1 fundi At 2023 Geiiei'AI Fixed asset investments Progrme Tel4l¢d iuve8tm¢nts ¢ent a33EIS Current liabilities 332,166 300.906 177,468 332,166 300,906 180,416 2,948 Total nel assets 795 155 798,103 Page 20
North Western Bapllst Assocl2llon Notes to the Fynjnclal StAtements for the Yexr Ended 31 December 2024 19 Rel•¢ed party trAllSCtloni Relaied party tran110n8 in the year are as dis¢losed ITh Note 10 and as iioted below: Rev P Jump (TTUStee and Regional Minislcr) is also a TThs(ee of Skelmersdale E£UnnICal Cenlre, registeytd charity. NWBA bas 1Ved income from the C¢nlrc in th¢ year, and paid invoieth on its behalf, of whi¢b £7200 was oulslandin8 Ot Ilie yeAK end. Twslees of NWBA may al80 be tNsleeslJwnbers of member Chch¢S who from time io lim¢ receiv¢ 8r¥nts fron) NWBA as part ofihe normal a1vIlle$ ol both. R¢v P Jump is 31) • truitee of BUGB from which NWBA T¢¢OiVeS its core nd18. 20 Blpltst penAlon i¢hem¢ The Assocl&iion IJ an enwloyer p8rticipAling in ihe Baplist Pension Scheme (BPS), Tbis 18 • separate legol entity admiDj$lered by tlie Pension TrLiilee (Baplisl Pension Trusl Limited). The Minislers employed by tile Association eligible lo join die Scbeme. Froni January 2012. pension provisioii has be¢n mode thmugh the Defined Conthibution pllln within the BPS. other employees pension prnvision 18 with wmpanies external to the BPS. Benefits for one employee {2023: 1) in respect of seryice prior to 1st January 2012 ire provided ihroD8h the Defined Ben¢fi¢ IDB) Plpn wiihin the BPS. The niain Ixn¢fils'. 8 dcfin¢d benefit pension of 1180th of Final Miniinum Pensionable Incvme ftir eacb ye•r of PensionAble 3eryi¢4 log¢iher wftih athli(ion81 pension ID respect of premiums paid on pensionable inconie in exc483 of Inininiujn ponsionable iiico3De. The BPS cl(xKd to DIre accrnil of dtfmed beri¢S ork jlsl D¢i%inber 2011. A formal valuation of the DB plaft relatin8 lo all erylojrrj wa$ performed 11 31 Dec¢inbeY 2020 by professionally qualified Actuary U5in8 Lh¢ Proj¢Gta Unil Mcthod The niarkel valuc of DB Plan assers al the vulualion dat¢ WAS £298m. The Valuat?] of the DB plAU revealed o deficit of skls compared wlth the VAlue of liabiliilu of £18m (equiv8l¢nt lo & pasl fiinding level of 94%). A¥ a result of I1 tli0n the andard iale of deficiency cOtrIbUtIOnS payable by chwches and oth¢r enJployez6 involved in thc DB Plan would remain al 12•A of pensionable income. Tlie rccovery plan envisased defici¢llCy COlltributs'on5 nI]n1n8 until 30 Junc 2026. Due to various ¢h4n8es liowcver the dcfi¢it contributioiis rduced lo £1 per monih in 2022. Tb¢ expelldlture for the year T¢pr¢srnls tlie employer contsibulions pyable. Pa8¢21