Southcourt Baptist Church
Southcourt Baptist Church Trust
Report and Financial Statements
Year ended: 31 March 2024
Registered Charity No: 287821
hureh
Life
+2

Southcourt Baptist Churth
Contents
Page
Report of the Truste8S
3to10
Independent Examiners Report
11
Statement of Financial ktivities
12
Balance Sheet
13
Notes Fomiino Part of th8 Financi81 Ststèmènts
14to22

Southcourt Baptist Church
ort of the Trnstees for the Yoar Ended 31 March 2024
The trustses present their report with the financial sL7tements of the thartty for the year ended 31 March
2024. The trustees have adopted the proWs￿n$ of Accounting and Rewrt¢ng by Charities: Statement of
Recommended PractKe applicable to charities preparing their accounts in ac￿rdanCe wilh the Financial
Reporting Standard applicatle in the UK and Republlc of Ireland (FRS 102) (effective 1 January 2015).
REFERENCE AND ADMINISTRATIVE DETAILS
R•glstered Charlty Number
287821
Prfnclpal addre
40 Penn Road
Aylesbury. Bu￿nghaMShI[e
HP218HW
Trusleos
Rev D Graham
M Rogers
C Blunden
M Burridge
(Lead Pastor)
(Finance V￿lon Lead6rl
ICLTI - Stepped down on November 16th 2023
ICLT)
Custodlan trust
The Baptisl Union Corporation Limited
Baptist Hou88
PO Box 44
129 Broadwdy
Didcot
Oxlordshire, OX118RT
Bank•r•
HSBC. 8 Market Square. A￿8$bury HP20 1TW
Lloyds, Old Bank, 1 Market Square, Aylesbury HP20 1TD
NationwMJe Buikjing SOW. Kings Path Road. Moubn Park. Northampton, NN3 6NW
Sollcltors
Carter Lemon Camerons. 10 Adersg8ts Stree( London. EC1A 4HJ
Indap•nd•nt ExamI1￿r
A J Bennewth FCA, FCPA. FFA F￿A. FIPA DCh& FRSA
Upper Ground Fk￿r. 18 Farnham Road, Guildford. Sufw, GU14X4

Southcourt Baptist thurch
rt of the Tru
f the Year Ended 31 March 2024
Structure. governance and management
The charity is controlled by tis goveming chJcumenL a deed of trnst dated 1 August 1983. and is an
unincorpordted charrty. The custodran trustee. the Bapts'st Union. delegates totsl autonomy in the
goveming and running of the church to the trustees. voting on imp)rtant decisions tsknng place at
church parthers. meetings.
The Central Leadership Team {CLT) is appointed by a meetirvJ ofth& church partnets and knJetheT. In
a¢GordanGe wrth the church's constitu￿n, are ctrM)8en to assist the Lead Pastor in the spiritual and
operydtional leadership of the thurth. The CLT usually becom& trustees uw)n aptx)intment and are in
office for three years.
Tnjstees must be existing church partners *iih speciali8t ￿dership skill¥ ¢￿en demonstrated In rola8
outside the church e.g. roles vthin the business sector. When recruiting new trustees. the existing
trustees must all agree uwn the choke.
The churth management comrK18es the Cèntral Leadership Team and the truste88. C￿r￿ntly, onty one
of the trustees is in a paid role. the Lead Pastor. There are also a number of unpaid volunteers, some of
whom are tnJstees. who Cover all the different aS[￿ts ofthe operations as administration,
safeguarding. health and safety and IT.
A sep8rate fina￿8 team18 responsible for man•3ing and budgeting the church's fin8n¢lal affairs with our
Finance ViS￿n Leader. Mark Roger5 having overall oversvJht of the finances. Th6 annual budget and
any major changes to finance pollcy are approv￿ by the CLTtrruste
Regular meetings are hekl wrth all staff and the CLThrustees and ¢over operational as w￿11 as longer
temi planning relating to the vision and foTrvard strategy of the church. David Graham contlnues to b&
the Lead Pastor of thè thurch. James Henson our Ass(￿late Pastor. Graham Ckryrke our Communlty
Pastor. Llz Zealey is our Operatlons Manager and Charlotte Baklwn is our Pre-school Leador. Lou
Clarke 1$ slill the Bridge the Gap Leader. which b fulty fvnded from grant monies to run our very busy
food bank.
Rl•k Manag•m•nt
A rlsk reglster 1$ operatlonal and Is on the agenda at each CLT meetlng whore appropriate.
ObJ•¢tlvg5 and alm•
The charl￿8 obj.￿t, 8S Stated In Fts deed of 1$ to further the Christian gospel.
Publ1¢ b•n•fft
When planning the charivs activlties for the year. the trustees have consldered the Charity
Commission's guidance on public benefft and, in pa￿cUlar. the specific guidance on charttiés for the
advancement of religion. Some of the publ￿ benefft serv￿$ that we offer as a thurch. open tr) all,
include Sunday worship services. thiktren's V•rJrk linduding [*￿h¢)01 education). youth work,
parentjcarer and toddler gfOUPS, small soual groups.. a food bank, debt management and a community
dropin th to serye the food bank guests. The Sunday seNKe is also streamed onto Youtube.
Assoclatlons
The Church is a member of the Baptist Union of Great Britain to which it pays an annual subscriptK)n.
The Church also contributes to BMS World MissK)n. The church does not reL*ive any financial support
from any organisations that it is a¥S￿l9ted with.

Southcourt Baptist Church
Achlevements and ￿rforManCe
WLYship 8nd ￿sCipleship
The church has one maNI servM* that tskes pla￿ every Sunday at 10.30am thich is al￿ streamed
online. We also meet together in small groups (Lrfegroups) on a regular basis. This is a very important
part of our communrty aThJ we currenty have 5 groups in operation. This is in addrtion to a Men
G8thering group. a women's group (Yada) and a Women@SBC group. The vision for each LrFegroup Is
to grow a communty of people investing in each otherfs lives with a ￿mmon passion to seek God. grow
together and reach OLrt to others. In the past year, V•E have seen 6 baptisms and 1 dedication of a young
hikl. We Current￿ have 60 partners WIKJ are asked to recommit every November at our AGM. This
approach ensures that our partners are ¢urrent. active and invested in the lrfe of the thurch.
Seni&
Our seniors are an integral part of the church and are free to attend any one of our numerous events th*
tske place here. In addl￿n. V•E have one particular group that sr¢raficalty aims at our oldor folk.
Toa Break is a monthty aftemoon event for people smthin the church. bcal ￿rnMunty and beyond. W8
particularly welcome those are lonety or i801gted for ￿ateVer reason. Tea Break gN&s an
opportunty for people to meet together Y￿th tea Of coffee and home-made cakes aplenty. The gu88ts
¢an play boar(I games, cach up with eath other or relax with a rnaga￿ne. For I￿saW onthusiasts there18
always 8 puzzle wartlng to be completed. Téa Break is an infomial, social o￿a$￿n which Is enjoyed by
all. We are so Ihankfvl to have suth a pleasant venu6 and a very helpfvl team. Thank you to those who
help set UP and clear the room. to those %tho help In the kitthen and to 811 help serye and chat to our
guests. Not forgetung a thar& yr•u to those **K) Fffovth the c•k8s1
Chlldren s W￿k
Our children's work at SBC 1$ continuirvJ to move for444rd in th8 drfficult that find oursefves In.
We a￿ still continuing to search for a new Children's vffjrk ￿ader to help with vision and leadership for
th18 crftlcal of our lrfe as a church. Our volunteers are incredible and the hard work and dedic•llon
that they bring to tho groups doesn't go unnottced. This last year saw a of our long serving
volunteers call time up on their serving in the children's work for a well deseNed break. Here's a few
Ihings that have been golng on this last year. As11 stands at the ￿￿)rnent our weekty SurKlay groups are
operating every other week, we are hopeful that these wll continue to be a place for children to grow and
develop in their charaGter. and love for God. Our monthly Messy Church has grown and developed over
the last year and It ha8 te¢ome a great Opportun￿ for us to worship together cra*wety as a whole
interganerational famity. E8ch week our parents and Icmjdler dub. The Ark, is ￿ntInuIng to thrive and18
very well received by those who come along. Bath in the summer we held a new event for chIld￿n
called the 'SBC Klds Day of Fun.. This included a 'Nerf wa￿ follo￿*d by a movie nighL We wanl to ty
and includè rn0￿ bh3 events in the c21endar for the Children to te able to enjoy bring friends along
to in the comiThJ year.
Th• Treehouse Prmchool has not been wlthout its trials and trtbuW)n8 over the past year since
Charlotte Baldwin took over the We￿IP rofe in April 2023. They have all worked realty hard to ensure
the setbng is moved foTrYard including creating lots of ne•¥ ways to work in partnershlp th parents,
¥Adrwiv￿1> iFiduding QUT fEadlng loumals, stay an(J plays and parents evenings As a resuft of Ihis the
setting is now at full capaiity. with a waiting list for Awil and confirmed Spa￿ for September 2024. To
acc•Jmmodate our 30 hourfunded chiklren Started breakfast dubs from 8.30am. This has been
extremety successfvl" the number of children has increased even more in the moming with our fflinimum
number of children beiThJ 10. Buckinghamshire Council, and Sharon from the Eaty yearfs advice team

Southcourt Baptist Church
have realty helped the team grow In confidence, with regavds to Otsted readiness {receiving a GOOD in
Feb 2024}. PIP group meetings and tips and guthn￿ to help SUPkK)rt some of our ideas and cuttures
around our curTiculum. k we continue to have a number of children wrth SEND and speech and
langLFage delays, the SEND advv team have been availab￿ to help supwrt the team smth regards to
paperwork and funding. Due to receNing extra funding we have set up a SEN Sensory Shed to support
the children on their personal joumeys. and ensure they have a place to help with their targeted
interventions and sensory expk)ration. During the Easter holidays of 2023. we started a new
arrangement ￿erebY the Holiday Actwttses and Food Programme IHAFI use our setting to do arts and
Grafts &% well as soft sports for young children. We are grateful for this pathership whth ¢s in Ilne with
the ethos of our setting as ￿*11 as bringing in valuable in￿me. Wrth our numbers growing we have had
to employ new members of staff. who have fftted into their new role5 tremendously. We have lols of hope
for the future and we will keep moving forward vth new ideas, and ways to potentially expand the
buain¢¥8 to a¢¢ommodate future Ghildcar¢ ¢hangtsts.
Young People
Thls year has seèn so much exciting grovth in the INes of the youth at SBC. We are so thrflled to b&
able to share how the youth work has changed over the last year and is thrivin91
This year we have seen our new Youth Worker finish his first year in the FQSftion, and it Is safe to say
that he has made the role his own and honed the drfferent areas of the youth ministry to enable It to
continue to flourish. We%fe been abl8 to provide regU￿r groups in all areas and Sustain a comprehensNe
youth programme for all ages and levels of fallh.
We were ab18 to take the youth group to another summer camp yearl. In August 2023 V•E Y￿Al to
Satéllites and had a blast (see picture beh)wl. These camps 8r8 sure to once again become an annual
event and hlghllght of the year for the young peop￿. Over the saw the young pooplg really step
into their elemnt and thrivè in their reL4tr)nshlps wlth one another and with God. We even saw three of
our gfOUP make a public commitmenuor re-commitment of their faith! The Spikeball c¥)m￿litI0ns and
Skateboarding were 81so a bonusl ;)
Youth Hub ￿ntinUeS to be a huge sucL*s51 It a space that carries on grthmng and attracting many
young peopb who otherwse wouldn't set foot in a thurch building. It has been beautiful to witness
relationships gradually build and see the young Feopk be le￿Sed to be themsefves and fe61 safe and
relaxed in this space. We've even started to see some young people finding out about and engaging Y￿h
our other (more faith f(used) youth groups through Youth Hubl

Southcourt Baptist Chur¢h
Explore has seen a few changes this year. We've restructured it to include young people in school years
7-11, which all¢)wed Expbre and Open House more time to cohere. We also ran a Youth Apha at
Explore in Autumn which was exciting and saw a few members of Youth Hub feed into the group. We've
had some realty engaging discussions alxsut some realty tough topics of life and faith, and we are eager
to see how the group devebps over time.
Open House has corrtlnued to be a place of exciting discussK)ns at￿ul God. the Bible. arKI faf(h. There
has been regular opportunfy for the young Peop￿ to tske ff￿re of a lead in this by taking on the
facilitation of Bible studies arKI discussh)ns. We were able to put on a training session to enable them to
all thrive and lead these discussions wih (￿fideTr￿.
8unday Youth has par￿￿larty thrtved year In *mis ot the group size. Whatever this is down to. th8
' young people thoroughty enjoy these groups! Wilh some adjustrnents to the room and contènt of Sunday
YoLrth. there is now plenty of time for the youth to %)cial¢se and get a second breakfastl Yet there 1$ still
loads of Space to go deep into a topic through a short talk and group discussion tlme.
Thls year also saw the first of our Recreate seThi¢es! Thi5 is a new Sunday evening service that runs
sever81 tlme$ a year, and we have now done three of them vthich ￿re all well attended and engaging
evenlngs. The young people have realty stepped up in the planning processes and even put thamsefves
forward for some of the major leadirKJ fO￿8- one of our year 11$ drd an outstsnding talk at th8 most
recent Recreate!
Add￿lon811y. we have Inltlated a Young Leader programme has glven some of the young people
the opwrtunty lo deepen their faith and stsp into adive role$ where they are able to most positively
Impact the youth wo￿. H¢)wever, there Is certainty room to make this a more devesoped programme that
releases the youn9 people to flourKsh even more!
Finally. V￿ are looking fornvard to some excttsng ryospects in the plpellne for our youth. We a￿ hoping to
start up Some intentional mentorfrKJ relationships between some of our key youth workers and the young
people. Thls less official fonn ol mentoriThJ will enable the okjer youth to T￿efve vital spiritual input and
form stronger relatk)nshys with good adult ro￿ modal$.
There is so much to be grateful for at the eThJ of thS818St year and 80 to b8 excited atout for
2024125 for SBC Youth, watch thi8 srA¢al
Neuhbourhood
From May 2023. Brldg• th• Gap Food Bank ha8 rem8lned trHJ$y due to tslng costs & the economlc
crisis. The food bank now only opens on a Friday bLrt our hours have extended so we are able to support
our clients. We launched a Week￿ Wednesday d￿p IBTG Dropln} in January 2024, Nthere our clierrts
can access help frorn our team & pathers. It is also a safe place. providing words of encouragement for
those who are facing challenges and In particular need. As the year progressed we Lxjntinued to be
busy, numbers for the food bank increased and we are seeing new dients on a weekly basis. We have
received generous fvnding that has been gratefulty reoived. Donations were r￿1Ved from The
Rothschild Foundation. Bucks Council, Thomas Hickman, Heart of Bucks. Willkgm Harding . A￿eSbury
Rotary Club, Travis Perkins & NevJhbourty. The generosity of our benefactors has enabled us to provide
essential food such as freezer items, fru( vegetables. bread, eggs and washing ￿￿1￿cts in addition to
our nomial food parcels. At Christmas, partnered wrth Chirtem Toybank and distributed toys, books
and grfts to our families. Our Communty free Cafe l event (BTG ExtY81 nchv opens 4 times a year on a
Saturday offering a free lunch and adivrties. Between 60- 80 people are ￿rrentty attending this event
and we are pleased to be able to offer this service.

Southcourt Baptist Church
The Money Management Centr8 has conllnued to operate four momings a week and over 200 people
have been helped over the course of the year. In addrbon to t￿ked appointrnents we now open on a
Wednesday lunth time a Drop In as part of our Bridge the Gap inibatwe and attend regularty to see
anyone who %wants support. A highlight ofthe year ￿as our Centre Manager. Michael Hulcoop, r￿NIng
an award from Buckinghamshire Councrfs 'Proud of Bucks Awards.. being high￿ commended as a Local
Communty Champion. He commented that'it vms humbling to be honoured in this wa￿. The work
ontinues to t* very varied and many peo￿ are finding the cost of IT￿n9 drf￿uII to negotiate. Muth
of the time is taken in supporting dients in their appli(*tions to the Counctfs DiS￿etiOnary Housing
Payments scheme to help with housing costs. as well as Helping Hands to help cover client's utilty bills.
Educating clients to maintsin and INe by proper budgets continues to be a challenge. These aspects of
our work, along with benefrts and tribunal Y￿rk. have now become a more signifKant part of the service
we offer. The church leadership have reccKJnised that ￿rnptylng the various requirements of
the Financial Conduct Authority IFCAI to be authorised specfficalty in "Debt Counselling. is
becoming more onerous for us as 8 small charrty. We have therefore stsrted to refer cllents in debl to
Step Change la not for profiL free to cl*ni Serv￿). assistsng them as appropriats to engag& with thls
service. We will now begin the forrnalities of ending our FCA registration. We are also changing the
name from Monoy Management C•ntre to Southcourt Baptist Church Communlty Flnancial
Support Str￿ce. This will more acujrately describe the Se￿iCe. The Thomas Hickman Charity agaln
generously funded the work wh￿h this year albwed us to use a professK)nal h)cal firm to shred our
records of mor& than four Yea￿ old. They also continued to grant money for white goods and carpets for
needy clients. We continue to be very grateful to the Trustees for their support. One highlvJht of the
year was being able to stsve off a Bailrff seekiThJ to remove goods from a Cl￿nt in desperate
circumstsnces. In less than 24 hours. followng an urgent applKabon to Helping Hands, the Lrtilty d8bt
W8$ repaid in full.
B•rtha'8 cth, which ran for a few years providing a safe c￿mMUnIty Space and excellent coff08 and
cake$. unfortunatety needed to close In tho year bLrt ￿ k)ok for4vard to what may happen in the
comlng year8.
Meeting every Mond8y momlng durlng schryJl term time. our Engll•h C¢)Dv•rsatlon Group, ha8. ovor
the last Six ygars or so provided friendship, refreshment and convers8Uon for well ovgr a hundred of our
nelghbours of a varlety of ethnic and fatth backgrounds whilst assisting them to improve their spoken
English and their integration into the communty. We are grateful to the partnors from SBC vtho, each
week. ¥upport this important communty outreach. We also thank those of Bertha's Café bthich provlded
refreshments for a while. One of the most rewardlng oute4)mes continues to be the development of
genulnety Nfdmi frlendshipy and rglat¥)nships t￿*th be￿n our guests and bwth our supporters. We
Continue to hope and pray that our guests will Tecognise something of the love of God, through u$ in this
mlnisty and for opportuntties to Share thai bjve with thom bthatever thelrfatth ba¢kground.
In earfy 2023. 8outhcourt Boxlng Club rn launched in partnershlp wlth our hxal PCSOS, professlonal
boxing coaches and other friends In the nei9hbourhood. Within the fwst year we grew to over 100
students that have registered who are l¢)okiryJ to improve their frtne5s and help their ment81 heatth.
The airn is to provide a boxing club for the kjczl communty, ￿MbinIng exercise. nutritional advice and
di8￿pItne. tt is a place where peoFle can o)me to get fitter. inL¥ease self-confidence and discipline whilst
becoming part of a noTrjudgementsl community there people are encouraged and supported. We are
very grateful to all our swnsors and volunteers who have enabled us to stsrt up and continue this
inf(iative, including the Heart of Bucks Communty Foundation, Thames Valley Poli￿. AyFesbury Town
Council. Murphys Constwction, Lords Group Foundation, Cher%**ll Technology. also Minotaur Sports
equipment proviaing us wrtTh our sp)rts wear . Wrth our rnn-sparring 8oxing Club there is so much skill
and tethnKiue to leam including respect and discipline. Provhding a lo￿1 Boxing Club in SouthcourL we
hope to engage wlth the communty to help wrih the prob￿rnS that are Maybe arising in the area
connected with crime .Funding Is always ￿eb))Me to continue to inprove our equipment and wovide
training for our coaching team .

Southcourt Bapt￿ Church
Finances
The end oflhe year finan￿$ remained in a reL3tNety go(*Y posibon wilh the level of TeseThes well above
the agreed range. The General Fund budget set for 202￿24 was for a deficit of around £22.150 bLrt the
church trustees approved the budget on the basis that. at the p)int of the budget being seL there were
8Lrfficlent reseNes to cover the deficiL
T¢)tsl income for the general fund was almost £45.400 above buth3et du8 to a legacy git a grft day and
ovetheads tr8nsfefr8d frorn various areas of church life such as Bridge fv Gap. Boxing and Treehouse
Pre-school. Donations from indNiduals Nthin the churth continue to provide the majorrty of the income
a￿hoUgh the percentage receNed from other sources continues to increase. Expenditure was above
budget due to increased maintenance costs and an increase in s18ff costs. Overall. the General Fund
experienced a surplus of around £10.500.
The church has Continu￿ to receNe generous dOnatiOr￿ from membern. regular attendees, inctime
from hiring rooms and thrO￿Jh grants fty $peufic communty work. The trustees are grateful for all
donations receNed.
The Treehouse Pre-school b￿Jget ￿d$ set for ￿ year to the end of March 2024 ￿th a deficit oflust
over £1.000. However. due to a swJnrfKant rise in chikfjren numbers. additional income from the councll
for SEN childrén and new income from hiring out the buildlng. the year ènded %Mth a surplus of just over
£21,000. This induded both the unrestrcted and restrthd fvnds for the setttng. Setting a budget for the
prfrsthool will ahYayE be drftcult due to 8 varf8ty of unpredhxable variables but financ88 at tho end of
the year We￿ in a very healthy position.
The Finance Team and trustees continue to rnonitor the Charivs financial position through the
production of quartedy Income & Expenditure statements and the bank account and fund balance8
against th8 Reserve Policy rdnge each V•eek. This acts a$ an early waming mechanism to Ident￿ any
tightening of cosh flow and prompt Temedlal actlon before wessure ts 0￿rI￿nced on the ChariV8
Ib]uldity.
The General Fund Reserve Polky has not Chang￿ ¢)ver the last year wth the Reserve Range 8till
stsnding al £19.000 - £28,000 for the 2024r25 financial year. The Twhouse Reserve Range remalns at
£11,500- £23,000. The Trustees recognise their responsibility to keep the finan￿ of the Charity in a
heathy 8t8te and expect that to be the c*se over tho ¢omir*J year.
Plan$ for the future
Southcourt Baptlst Church Is at the heart of the communty arKI over the ￿$t few years we have
developed various work streams that provide opwrtunities to help us meet the needs of those in our
immediate proximty. Ovr vIs￿n to play our part to create a better. safer ts)mmunty. Our work
streams include our. sadly too busy. food bank, the t￿XIng club which has just ￿lebrated its first
anniversary. and other initiatives such as the knrfe bank. This continues to be our aim for the year to
come but it is becoming increasingty challervJing to find grants to fvnd the work therefore. our focus for
the coming year will be to find new. more Sustainab￿ strewns offunding. These new stre8m$ may be
from grants or funding tdenttThed from new 80urces ￿U￿j also be vK)rking in partnership wllh other
or9¥nisations and a9•nci•*.
The budget for the new financral year Sho￿ a deficii but this wll ￿ monrtored regulaty by the finance
team and trustees.

Jthcourt Baptist Church
Approved by order of the board of trustees on 2024 and sKJned on its behalf by:
M Rogers - Finance Vislon Leader

Southcourt Baptist Church
Inde
ndent Examin8rfs Re
ort lo the Trustees of Southcourt Ba
'sl Church
I repwjrt to the charity trustees on my examination of the ￿Unts of SoUth￿urt Baptist Church for the
year ended 31 March 2024.
Responslbllltles and basis of rewt
As the charrty trustees of the charity you are reS￿nsIble for the preparation of the accounts in
accordance wrth the requirements ofthe Charltles Art 2011 (Ihe Arf).
I report In respect of my examination of the Trusfs accounts carrbed out under section 145 of the Act and
in carying out my examination I have folb)V•Ed all appticatAe Directions given by the Charlty Commission
under section 145{5Hb) of the Acl.
Ind•p•ndont oxamlnerfs statement
I have completed my examination. l confirm that Tr) material matters have come to my attehtion in
o)nneGtion with the examination gwing me cause to believe that in any material respecL'
8ccounting records were not kept in rosFecI of thg Charity as required by sectlon 130 of the
Act., or
th6 a¢￿￿nts do not accord Nmth those records; or
the accounts do not compty with the applicab￿ requirements concèming the fomi and
content of aGoJunts set out in the Charities (A(￿Unts and Reports) Règulations 2008 other
than any requlrement that the a¢¢ounts gNe a true and fair vi8w ￿lch is not a matter
con8hJered a8 part of an Inderthdent axaminalion.
l ￿nfIrM that there ore no other matters to whlch your atten￿n sPKiuld be drawn to enatde a proper
und•rstsnding of the accounts to be reached.
A J Bennevlth FCA FCPA, FF& F￿A. FIPA. oc￿ FRSA
Upper Ground Floor
18 Famham Road
Guildford
Surrey
GU14XA
Date..
li

Southcourt Baptist Church
Ststemenl of Flnancial Actlvitie5 as at 31 March 2024
Notes
Year ended
31.03.24
Totsl funds£
Year ended
31.03.23
Total funds £
Funds
Funds
Income and Endty*ments from:
Donations
156,685
121,206
277.891
222.563
Income Tax Recoverdble
Premises Hire
Investment
Treehouse Pre-school
Total
Expenditur• on:
Charitsble Activities".
22,216
27.003
1.464
140,513
347,881
22.216
27,003
1.464
158,270
486.844
21,283
29.722
619
150.896
425.083
17.757
138,963
Leadership
73.716
73.716
55.697
Worship & Disupl&shlp
943
709
Neighbourh¢)od
5,478
91.983
97.461
79.837
Seniors
Site Operations
85.991
19,032
105.023
S￿1.350
Repairs to church
12.963
12.963
11,282
Generatton Next
23,677
23.677
21,949
Outreach
4,210
4,210
14,062
Treehouse
98.110
39.647
137.757
124.906
Depre¢iation
Total
Not Incomel
(Expendlturn)
Transfer between lunds
4.000
403,001
22,082
309,088
38.793
150.662
{11.699)
459.750
27.094
N•t movement In funds
38,793
{11.6991
27,094
22,082
R￿One￿IlatIon of funds:
Total funds brought
fonvard
T¢)tal funds carrl•d
forward
Continuing Opgratlons
All income and ex
@ndtture hx8 from (x)ntinui
224107
277.074
24992
262.900
41.268
304.168

Southcourt Baptist Church
Balance Sheel as at 31st Ma￿h 2024
Year ended
31.03.24
Year ended
31.03.23
FuThts
FuTrts
Total funds £
Total fund$ £
Flxod Assets:
Tangl￿e Assets
131.0
131.000
135,000
Currgnt Assets:
Deblors
4,610
4,610
3.116
Cash al bank and in
hand
129.673
41,268
170,941
141.869
Total Curr•nl A88•ts
134,283
41,268
175,551
144,985
Llabllhl•$:
Creditors.. Amounts
falling due wlthln on•
year
1.920
1,920
1.920
N•1 Curront Assets
132,363
41,268
173,631
143,065
Total A88•ts1o5•
Curr•nt Llabllltl•s
263.363
41.268
304.631
278.065
Provlslon for Ilabllltle8
after one year
463
463
991
Total N•t Assets
262.900
41.268
304.168
277.074
Funds
Re$triGted funds
41,268
52,967
Unrestricted fund8
262.9CiI
224.107
Totsl Funds
304.168
277,074
The financial ststements were approved by the Board ofTrusteés on..... ..
signed on its behalf by..
M Rogers- Flnance Vishjn Leader
. and wère

Southcourt Baptist Church
Notes Formin
Part of the Flnancial Statements as at 31 March 2024
1. Accountin
Policies
a) Basis of preparing the finandal stat•m8nts
The financial statements of the chaiity. vthich is a publ￿ benefft entity under FRS 102. have b8en
prepared in accordance with the Charities SORP IFRS 102)'ALuunting and RekK)rting by Charitl8S:
Statement of RecommerKled Practice aP￿iCab￿ to charrbes preparing their accounts in accordance wth
the Financial Reporbng Standard applicable in the UK and Republic of IreL8nd IFRS 102) {effective 1
January 2015),. Financial Re￿￿ng Standard 102 The Financial ReportirYJ Stsndard applicable In the
UK and Republic of Ireland. and the Charrties Act 2011. The finaThial statements havg been prepared
under the historical cost convention.
bl Incomlng rnsourG•s
Donatlons affj reGognised as incomlng resources when recefved.
InrJJme tax recoverab￿ on donations Under1￿ Gfft Aid ¥d￿ne Is acuunted for in the p8rlod In whlch the
undedying donation is recehed.
Funds received wher8 the charity Is acbng as w3ent for Independent iauses are matched to outgoings and
any drfferenc8 is Carried forw8Td to the next pemd.
Gifts in knnd, vthere matsrial and capable of behg valuod. are treated as Ir￿tt￿.
No value has been ptaced on the rentsl equfval8nt of the use of the church premls8s and property, whlch
are occupied free of charge by tho church.
Grant Income is ¢rediled to the Statement of Finan¢i81 Actwltl88 In the year in which it 18 reCe￿able.
Deferred income represents amounts recefved forfuture arKI is ro18a8ed to In￿rnIng resources In
the period for sthich it has been recelved.
¢) Resou￿•* oxp•nd•d
All expenditure is included on an acc￿?1$ basis and is rewnised %then a legal or constructive obligatSon
exlsts. The charity is not registered forVATand accordingty expendtture sho￿ is indusive of itre¢overable
VAT.
Certaln expendlture 18 directty attributable to specfft athitss and has been included in those cost
categories. Certain other costs. which ar8 attribUtsb￿ to Th)re than on8 actlvty, are apportioned across
osl categories according to the nature of the o)sL
d) Tanglbl• fix•d oss•ts
Tangible fixed assels are ststed at tost ths xcumukqted derK&xtion. PJI fixed assets ¢o$ting mor8 than
£5,000 are capitalised.
Depreciation Is provided at the folk)v￿n9 annual rates in order to ￿118 off each asset over its estlmated
useful lrfe-
Buildings
Computer & gound equipment
-2% on cost
-25% on cost
Freehold land is not depreciated as the trustees ￿nSider the useful e￿noMiC lrfe of the land owned by
the chaiity to be so long as to render any charge for depreciation immaterial to the truth and faimess of
the finanual statements.
14

Southcourt Baptist Church
e) Fund accounling
Funds held by the tharity are eriher.
Unreslricted funds- these are furKls wthich can be used in &￿r￿an￿ with the charitable objects at the
discretion of the trustees.
Restricted funds- these are fvnds that can onty be used for particular restricted pufjy)ses within the
objects of the charity. Restricknons arise when S￿ed by the donor or when funds are raised for
particular restricted purp)se8.
Designatsd funds- these are funds set aslde by the trustees for SE￿[fir purpM)ses. They forn) part of the
unrestricted funds of the charity.
fj Ponslons
The church makes contr0tr￿1Jn3 to deffir￿d &)ntribution $d￿rnes. Pen$lon o)ntributions payablo to
these schemes are charged to the Statement of Flnandal ktivrties in the ￿liod to they relata.
The ¢hurch also makes contrlbution$ to a muiti-employer defined benefit scheme. It 1$ not possible for
the church to idenlfy the assets and liabilll*s attributable to the church. In a￿OrdanCe wlth the Charities
SORP IFRS 1021, the scheme is therefore accounted for as a defined contribution scheme. See note 13
for further detsils about the pensh)n ¥themes.
.Tan
Ibla Flx•d Ass•
Freehold
land and
buildings
Computer
and sound
equipm8nt
Totsl
Cost
At 1 April 2023
Additions
At 31 March 2024
203.000
26,530
229.530
203,000
26,530
229.530
D•pr•Glatlon
At 1 April 2023
Charge for year
At 31 March 2024
26,530
94,530
4,000
98.530
72,000
26.$30
Net book valu9•
At 31 March 2024
131,000
131.000
At 31 MarGh 2023
135.000
135.OlXI
The cost of land and buih4ing$ is represented ty.
Freehold manse at 293 Tring Road, Aylesbury {70% share)
Land purchased for car park at Penn Road, Afv8t￿ry
Total
200.000
3,000
203.000
. Nonwrnoneta
assets held for the chu
h's use
The church is the benefrial occupier (subject to the rekvant tnist deeds) of the folk)wing assets. the
leg81 titles to which are held by the chur¢h's custodian twstee. the Baptist UnK)n Corporation Ltd:

Southcourt Baptist Church
2024
2023
Church premises at insured value
Church contents at insured value
Total
3.727,899
416,749
4144.648
3.328.481
372.092
3.700.573
4. Debtors and
m•n
2024
2023
Income tsx recoverable on glft ald
Prepaid Insurance
Totsl
2.187
2.423
4.610
2.281
3.116
redito
unts failin
du• wrthin one
ar
2024
2023
rued expen¥e8
Other ¢￿ditOrS
Total
1.920
1.920
1,920
1,920
illtl•s after on
2024
2023
Pension (Scheme 1 } (w nots 14)
taff cos
None of the ¢hur¢h's employees r¢ceNed omoluments of over £60,1)00 during the current or previous
years. The average number of empkiyees during the year was 14 {2023..15}. which included full time and
part time workers. On a full-time equNalent basis. the average number of staff members wa$ 12 (2023:
11 }. employed in the folhjwing areas".
Numb•rs
Pastoral car8
Administration and mainten8rice
Children, Youth and communty
Pre-sthool
Totsl
)24
2023
14
16
Costs
2024
2023
Wages and salaries
Other Benefrts
Employer's National Insuran
Current Staff Pension costs
Total
270.022
8.316
14,520
5.996
298.854
236,200
8.478
10.714
5.009
260.401
16

5￿thCourt Baptist Chvr¢h
8. Restrlcted fund
Incoming
Resources
Resources
Net
incomin
{outgoirvJ}
Transfer
beh%een
funds
Funds
brought
forvard
Funds
carried
foThvard
Something Better
Bridge the Gap
Treehouse Support
Money
Management
Support
Stsir Lrft
Boxing Club
Community Falr
Totsl
653
18,364
23.829
653
24,052
1.939
1,233
98.956
17.757
93,268
39.647
1.273
5.688
(21.8￿}
327
2.650
17,500
500
138,963
2,650
10.410
331
41,268
14.305
2.169
150.662
3.195
{1.669)
{11.699)
7,215
2.000
52.967
nrestTlct•d funds
In¢oming
Resources
Net
incomin
IoLrtgoing)
resources
Transfer
befv￿n
funds
Funds
brought
forward
Funds
carded
forward
Expended
Premlses
Refurbishment
Premises
Development
Treehouse
Women's Ministry
Youth
General
Boxin
Club
Brid e the Ga
Total
9.702
11.186
120
120
140,513
98.110
160
42.403
18,978
440
5,955
176.335
61,381
1.224
415
186 868
428
430
262.900
960
(6,5001
1*.186
2.165
16,500
309.088
428
11.399
38,793
347.881
224.107
d Funds
Funds (usually grant Monies) are hehj for the folk)wlng purposes..
SomethiTrJ Better- to 8UPPOrt the of the support for our older fok in the chur¢h and local
communty.
Brfdge the Gap fund - to supwrt the I￿rk of ourfood bank and communty lunch projects.
Treehouse support- to fund the orKJoing PTo¥iwn of pr*icrf)l &Juc8tion where grants have been
recerved for spe¢rfic propcts as to cover Specaal EdU￿tiOnal Needs.
Money Management Support- to support the oThJoing ¥wrk of the debt management project that the
church runs.
Stair Lrft- to support a new stair lift being installad to ouryouth loft room to enable those with
accesslbilty needs to come 8k)rKJ to our youth groups.
17

So￿hcOurt Baptist Church
Boxing Club- to support the Boxing Club whth provths SUp￿rt for fftness. discipline and friendship in
our local ￿mrnunty.
Communty Falr- to enable the annual Communty Falrto tske ￿ace in our k￿al LX)mmunty, providing
fun. free food and social cohesion for the local pg)ple.
1. Desl
nate
Funds are held for the followng purtKtses:
Church Premtses Refurt¥shment Fund- can be used for substantial intem818nd extemal reffiJrbishm&nt
of our existing buildings.
Church Premises Development Fund - for expenses relate(I to substantial buildlng developmenL
T￿hOuSe Fund- to fund the orKJoing provision of pr&school edu￿￿n.
Women's Mlnl8ty- to supFort the Mplkbeing ofwomgn in and oulslde the church.
Youth Fund- to support the children and yDUth V•Drk.
Boxing Club - to supwJrt the Boxlng Club *hich provldes support for fitness. discipllna and frtendshlp In
our local communty.
Bddge the Gap Fund - to $upport the work of ourfood bank and ¢ommunlty lunch proJed8.
12. Tru8tees' remuneratlon and ex
One member of the Trustee Board Rev D Graham was employed by th8 Southcourt Church Bapt18t Trust
In the position of Lead Pastor {2023: membets of the tM)anl).
Rev D Graham received 8 remuneration package of £43,383 (£41.343 prevlou8 yèarl and a penslon
conlribution of £1.7531£1,642 preV￿uS yearl.
Expanses of £1.201 (2023.. £1,03n wpre also pahj rel8tlng to hls dutie$ as an employed m&mb8r of staff
' and included payment for travel. hospitalty, meetings and ministry costs.
Payments to truste8s were made under the18981 athrity of th8 churth'$ governing docum&nts.
. Net Incom
IEX ndltu
Tho net movement In furKl$ i¥ stated after L*argIn￿(￿8dlI1r￿J) foll¢)wing:
2024
2023
Independent Examinerfs remuneration:
1.920
1.920
Govemment Grants received:
Food Bank
Treehouse Pre-school
Boxing Club
Total
(29.256)
{17.757)
(3.000)
(50.013)
(10.080)
(27.753)
(37.833)
18

Sovthcourt Baptist Church
14. Pension
There are three schemes in operation, the ffi￿t teing a muhi*mpbyer defined benefft pension scheme
with The Pensions Trust on behalf of one former empk)yee and Irustee.
Schome 1 . TPT Rotlrwnent Solutlons- Tho Gr¢rwth Plan
The church particlpatss in the schem8. a multi-employer scheme whth provldes benefits to some 638
non-associated participating employers. The S(*￿ne is a defined benefft scheme in the UK. It is not
possible for the church to obtain sufficient inf0m￿tion to enable rt to account for the scheme as a defined
benefft scheme. Therefore it a￿OUnts for the scheme as a defined cOntribu￿n schwne.
The scheme 1$ subjed to the fvnding legisla￿n ouolned in the PensM)ns Act 2004 came into force
on 30 December 2￿5. This. tcwJether wrth documents by th& PAfL*iAn* Regulator and Technical
Actuarial Standards issued by the Financial Re￿rt1ThJ Council. Set out the framewt)rk for funding defined
benefrt occupational pensh)n schemes in the UK.
Th6 schemé is Glassffied as a 'lastryman standing arrangemerf. Therefore the church Is potentialty Ilabl8
for other participating employers. oblwJations rf those employers are unable to meet their share of the
scheme deficit following withdravrdl from thé xheme. PartI￿patIng employers are legal￿ required to
meet their share of the scheme deficlt on an annuty purchase basis on withdrasrdl from the s¢herne.
A fvll actuarfal valuallon for the $¢heme vrds cafrled out as at 30 September 2020. This valuation
showed 8sset$ of £800.3m. liabilities of £831.kn and a deficil of £31.6rn. To eliminate this funding
shortfall. the Trustee has asked the partidpating empbyers to pay addttional contributlons to the stheme
as follows:
Deficlt contribution8
From 1 April 2022 to 31 January 2025.. £3,312,0￿ per annum {payable monthly)
Unless a concession ha8 been agreed th8 Trustee the temi to 31 January 2025 applles.
The recovery plan ojntnbutions are allocated lo each parti¢ipating employer In line with their 88￿mated
share of the Serfes 1 and Series 2 scheme liabilitl88.
Where the scheffle Is in defictt and where the ¢hur¢h has agreed to a defidt funding arrangement the
church recognises 8 liabilty for this obligation. The amount recognised is the nel present value of th8
deficit reduclion contributiong Pays￿e under the agreement that relates lo the deficit. The present value
is caFculated using the discount rate detsiw in these d￿￿sUre$. The unwinding of th6 discount rate 18
recognised as a finance cost.
Present value of provision: 31 March 2024
31 March 2023
31 March 2022
£463
£991
£1.555
Reconciliation of OFoning and ck)sirYJ Fmisiorts:
PerM)d Ending
31 March 2024
(£)
991
Pericmj Ending
31 March 2023
1£)
1.555
Provision at stsrt of peric#J
Unwinding of the discount factor (interest
expense)
28
19

Southcourt Baptist Church
Deficit contributK)n paid
(566)
15661
Remeasurements- impxt of any change in
assumptions
{261
Remeasurements- amendments to the
contribution schedule
Provision at end of period
463
Income and Ex
nditure Im
Period Ending
31 March 2024
Period Ending
31 March 2023
Interest éxpense
28
Remeasurements- impact of any change in
assumptlons
{26)
Remea$urements- amendments to th8
contribution schedule
COntribLrt￿nS paid In re$pe¢t of fLrture serKe
Costs recognised in income and expenditure
account
Assum
tions:
31 March 2024%
perannum
5.31
31 March 2023%
per annum
5.52
31 March 2022 %
per annum
Rate of dlscourrt
2.35
The dl8count rate$ Shown ot¥)ve are the equivalont singlg dl8(x)unt rates ￿lCh. when used to discount
the future recovery plan o)ntributions due, V•Y)uld give the results 88 u$lng a full A4 corporate bond
yield curve to dlscount the same recovery plan contributions.
It Is these o)ntributions that have been used to derive the c£)mpanl$ balance sheet
Sch•m• 2- Th• P•nslons Trust- Grrmth Plan S•rf•s 4
There is also a defined ¢xntribution schemg e¥tsblished The Penstons Trust and operated 8S 8n
Autcpenrolment Scheme. Contributions to this schem& are charged to the SOFA in the period to which
they reLale.
Schemo 3- Llverpool Victoria- P•rsonal Penslon Plan
Finally the church makes tknntr1bu￿JnS to a defined ￿ntribUtIon Personal Pèn*itin PLgn nn ofthè
Lead Pastor. in 8￿rdar￿ with the tenns of his wntrarA of empbyment
20

S(>uthcourt Baptist Church
15. Com aratives for the SOFA
Statement of Financial Attivtties as at 31 Malth 2023
Unrestricted
Funds
Restricted
Funds
Year ended 31.03.23
Total fvnds
Income and Endowments from:
Donatlons
145.875
76.688
222,563
Income Tax Recoverable
21.283
21.?&2
Premtses Hire
29,722
29,722
Investment
619
619
rreehou5e Preschool
123,143
27.753
150,896
Total
320.642
104441
425.083
Expendlture on:
Charf(able Actfvftles-.
Leadershlp
55,697
55,697
Wotshlp & DlsclpleshSp
709
Nelghbourhood
77.936
79,837
Seniors
209
Site Operations
90.350
90.350
Repalrs to church
11.282
11.282
Generation Next
21.795
154
21,949
OUt￿aCh
14.062
14.062
Treehouse
118,532
6.374
124.906
Depreclatlon
4.000
Total
318.328
84,673
403,001
21

Sovthcourt Baptist Church
Net In¢omellExpenditure)
2,314
19,768
22.082
Transfer between funds
6,665
(6.665)
Net movement In fund5
8.979
13.103
22,082
Reconcillatlon of funds:
Total funds brought forward
215.128
39,864 '
254,992
Total funds carrted forward
221107
27T,074
16. Rglat•d
dls
ure
The Trust re¢eived trustees, donations of £15,700 for the year ended 31 MaTch 2024 (2023.. £15.840>.