Southcourt Baptist Church Southcourt Baptist Church Trust Report and Financial Statements Year ended: 31 March 2025 Registered Charity No: 287821 sou ISTC RC
Southcourt Baptist Church Contents Page Report of the Truste8S 3to10 Independent Examiner's Report 11 Statement of Financial Activities 12 Balance Sheet 13 statement of Cash Flows 14-15 Notes Forming Part of the Financial Statements 16to22
South¢ourt Baptist Church rt of the Trustee for the Year End d 3 025 The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their a¢¢ounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effe1Ve 1 January 2015). REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity Number 287821 Principal addres$ 40 Penn Road Aylesbury, Buckinghamshire HP218HW Trustees Rev D Graham M Roge M Burridge L Manktelow B Foster G Bithell E Appenteng (Lead Pastor) - stepped down February 2025 (Financ8 Vision Leader) (CLT) (new CLT recruit from May 19th 2025) (new CLT recruit from May 19th 2025) (new CLT reGruit from May 19th 2025) (new CLT recruit from May 19th 2025) Custodlan truste• The Baptist Union C¢)rporation Limited Baptist House PO Box 44 129 Broadway Didcot Oxfordshire. OX118RT Bankers HSBC, 8 Market Square, Aylesbury HP20 1 TW Lloyds, Old Bank. 1 Market Square, Aylesbury HP20 1TD Nationwide Building Society, Kings Park Road. Moutton Park, Northampton, NN3 6NW (both accounts closed from Jun8 2025) Metro Bank. 45 Market Square, Aylesbury HP20 2SP Soll¢ltors Carter Lemon Camerons, 10 Aldersgate Street. London. EC1A 4HJ Independent Examiner A J Bennewith FCA, FCPA, FFA, FFTA, FIPA DChA. FRSA Upper Ground Fl¢)or, 18 Famham Road, Guildford, Surrey. GU14XA
Southcourt Baptist Church Structuro, governance and management The charity is conlrolled by its goveming document. a deed of trust dated 1 Augu$t 1983. and is an unincorporated charity. The ¢ustodlan trustee. thè Baptist Unlon, delegates total autonomy in the govèming and running of lh8 church to the trustees, with voting on important decisions taking place at hurch partners. meetings. The Central Leadership Team {CLT) is appoin18d by a me8ting of the church partners and together, in accordance with the church's constitution, are Chosen to assist the Lead Pastor in the spiritual and operational leadership of the church. The CLT usually become trustees upon appointment and are in office for three years. Unfortunately, due to financial constraints, w8 havè n88d8d to make our Lead Pastor redundant. This took place on 6th December 2024. with his notice period ending on 5th September 2025. In the meantime, he was able lo secure employment at Headington Baptisl Church and so his employment ended on May 31st 2025. The church is now being run by the CLT as a leam ahOUgh we do have an Associate Pastor, James Henson, who does the majority of the speaking on a Sunday and leads the CLT when they meet. James, role is changing in September 2025 as he formally starts his Baptist Minister training. At Ihis point. his rol8 will change to Minisler-in-training. Trustees must be exSstlng church partners with speclallst leadership skills often demonstrated in roles outside the church e.g. roles within the business sector. When recruiting new trustees, the existing trustees must all agree upon the choice. The church management comprises the Central Leadership Team and the trustees. Currentty. there are no paid trustees due to Ihe Lead Pastor leaving. There are six unpaid trustees, who. along with the rest of th8 CLT, cover all th8 diff8r8nt aspects of th8 operations such as administration. safeguarding, IT, and health and safety- A separate finance team is responsible for managing and budgeting the church's financial affairs with our Finance Vision Leader, Mark Rogers having overall oversight of the finances. The annual budget and any rnajor changes to finan¢e policy arè approv8d by the CLTruStees. Regular meetings are held with all staff and the CLTltrustees and cover operational as well as longer term planning relating to the vision and forward strategy of the church. James Henson continues lo be our Associate Pastor, Liz Zealey is our Operations Manager and Charlotte Baldwin is our Pre-school Lead6r. Lou and Graham Clarke head up our Bridge the Gap Food Bank, which is fully funded from grant monies, to run our very busy fcwxl bank. Hannah Lowe 1$ our Fundraiser to ensure that we can continue this valuable work. Risk Management A risk register is operational and is on the agenda at each CLT meeting where appropriate. Objectives and airns The charitys object, as stated in its deed of trust, is to further Ihe Christian gospel. Public bonoflt When planning the charity's activities for the year. the trustees have considered the Charity Commission's guidan¢e on public benefit and, in particular, the specific guidance on charit18s for the advancement of religion. Some of the PLJblic benefit services that we offer as a church, open to all. include Sunday worship services, children's work (including pre-school education), youth work,
Southcourt Baptist Church parenVcar8r and toddler groups, small social groups. a food bank, debt management, and a community drop-in Cafe to serve the food bank guests. The Sunday SeiCe is al$0 streamed on Youtube. Assoclatlons The Church Is a member of the Baptlst Union of Great Britain to which it pays an annual subscription. The Bridge the Gap food bank works very closely with Aylesbury Food Bank (part of the Truss811 Trust) who provide food boxes for our guests. In addition we work with a number of agencies who provide othèr support to our gu8Sts such as financial and family support. The church d08s not receive any financial support from any organisations thaL it is ass(xiated with. Achlevements and perforniance Worship and Discipleship The church has one main Servi that takes place every Sunday at 10.30am which is also streamed online. We also meet together in small groups (Lifegroups) on a regular basis. This is a very important part ofour ¢ommunity and we currently have 5 groups in operation. This is in addition to a Men Gathering group, Tea Break (our monthly group sharing life together through good company, tealcoffee. cakes and board games} and a womèn's group (Yada). The vision for each Lrfegroup is to grow a community of people investing in each other's lives with a common passion to seek God, grow together and reach out to others. In th8 past year, we have seen 6 baptisms and 1 dedication of a young child. W8 currendy have 63 partners who are asked to recommit 8V8ry November at our AGM. This approach ensures that our partners are current, active and invested in the lrfe of the church. Children s Work Children have been and aayS will be a fundamentsl core part of our life at Southcourt Baptist Church. As it stands all of our work with children is completely volunteer-led and we are so incredibly grateful lo all ofour wonderful volunteers who work incredibly hard to do all that they do. We truly could not do any of this wsthout them. We continue lo pray for a breakthrough in this area of church life, for a new volunteer leader to support the teams, and release vision and creativity in this area. We run an All Age Servico once a month where everyone can get involved from the youngest to the oldest. The Ark group for parents and toddlers continues to run thanks to a brilliant volunteer team. as well as Sunday momings three times a month across our Iwo Sunday mornin9 children's groups. Finally. we gather for SBC Family Lunch after the all-age service as a way for the whole church tog8th8r to gather as one big family. This has been well attended and become a great connection point for many. as well as a great way to do lrfe together as a church family. The Treehouse Pre•s¢hool stsff have continued to work realty hard to ensure the setting is Constantly moving forward, striving to provide outstandin9 Care for all the children and their families. To ensure we dèliv8r th8 Utmost care and SUPFQrt for our children and their families. w8 are constantly updating our training profiles, and conducting monthly meetings to ensure all staff are aware of any new govemrn8nt guidelines. We are at our maximum capacity for the summer temi with a waiting list should any children decide io withdraw théir place at the prevschool. We already havè 10+ children confirmed to start with us in Septembèr. With the new guidelines coming into place for 2-year olds to re¢elve 30 hours in September 2025 we will be monitoring our intak8 closely. To accornmodate our 30-hour funded 3-yearwolds we started a breakfast club from 8.30am. This has been extremely successful.. the number of children has increased even more in the moming with our minimum number of children being 10.
Southcourt Baptist Church Buckinghamshire Council, and Sharon from the Eady year's advice team have really helped the team gfow in ¢onfiden¢e. wth regards to Ofsted readiness (receiving a GOOD in Feb 2024). One of our Deputy Managers attends PIP group meetings where she has re¢8ived lots of guidance and support whi¢h she feeds back lo the team regarding new ideas, CPD and updates on the curriculum. As we continue to have a large intske of children with SEND and sp88ch and language d81ays. the SEND advice team has been available to help support the team with regards to paperwork and funding. Due to receiving extra funding through the SENIF we have set up a 'SEN Group Time Shed. to support the chiklr8n on their individual18aming pumeys. Not only has this provided a quiet space for some of the children, it has also helped the team condud group times in a smaller area. giving all the children extra learning resources to promot8 th8ir development. We continue the arrangement whereby the Holiday Acttvities and Food Programme (HAF) use our Setting to do arts and crafts as well as soft sports for young children. We are grateful for this partnership which is in line with the elhos of our s8tting as well as bringing in valuable income. With our numbers growing we have had to employ new members of staff, who have fitted into their new roles tremèndously. We have lots of hope for the future and we will continue to develop our setting with new ideas, and ways to potentially expand the business to accommodate future childcare changes. Young People This year has seen so much exciting growth in the lives of the youth at SBC. We are so thrilled to be able to share how the youth work has chang8d over the last year and is thiiving. There have been some interesting changes to the structure of the Youth Ministry this year, with a bit of a "re-brand. whl¢h we'll take you through in a mom8nt. But all areas of the youth ministry seem to be thriving. with young people regularfy attending all groups and engaging more and more, whatever their agè or stage of faith joumey. Changes Started with the younger youth °Explore° group which had been struggling for some time to grow. The decision was made to pause this group after Ihe summer of 2024 in order to rethink how the group could run in a way that would increase engagement. This process then led to rethinking of how th8 youth work as a whole comes across to those not involved in the runnlng of It. For some time, the tagline of SBC Youth has been: "creating spaces where young people can thrive." And this is a goal we are certainly fulfilling year after year. There are 6 spaces that we Currently make available to young people. And each of these spaces is purpose built, yet cohesive within the wider youlh ministry. And it was felt that this unity should be reflected in the presentation of the spaces. HUB Netwo is the name given to describe how the youth ministry all links up. Youth HUB- outward facing communty youth work. For rnany of our young people this is their first taste of life at SBC. It's simply a fun and safe space to hang out on a Friday night. Through Youth HUB what we've started to see is that a young person might hear about another of our groups or thè residential, enabllng relatlonshlps to deepen and splrftual curiosity to grow. Sunday HUB {previously Sunday youth) - This group hasn't changed much since last year. Our latest series. however, was incredible fun! Over the last few months we've had a number of guest speakers from the church community join the youth on a Sunday morning to share their life stories. This was followed by with the youth. It has been so 8ncouraging to remove generational barriers and fostèr relationships belween the young people and the adults in the church. Hollday HUB (Satellites) - fed by several youth groups, so we take a mix of churched and unchurchad youth. For many this is the highlight of the year, and always a time where we witness huge growth in individuals in a really short amount of time. We've seen it feed back into other youth groups creating
South¢ourt Baptist Church greater crossover. In August 2024 we went to Satellites and had a tremendous time (see picture beb)w). Over the week we saw the young people really step into their element and open up to each other and to God. We have seen dramatic lasting effects in many of lh8 group since returning. Th8 silent disco and fancy dress were also a bonus! sou Blble HUB (previously known as Explore) - This is our in-p8rson younger-youth group. There's food, games, and group discussion about life and faith. We've been experim8nting with the structu. trylng out limited courses with short tim&frames. We're now at a point where we could have the group running full-tirn8 during school term dates which is exciting. Open House- Our in-person youth group for sixth forml¢ollege students (or equivalent) and uni students. h has continued to be a place of exciting discussions about God, th8 Bible, and faith. There has been regular opportunity for the young people to take more of a lead in this by taking on the facilitalion of Bible studies and dlscussions. We were able to put on a training session to enable them to all thrive and lead these discussions with confidence. Mentor HUB - this is less 8 $paee and more a programme. In the start of 2025 we started some intentional mentoring relationships belween some of our k8y youth workers and the young people. tt is a less official fomi of mentoring and enables the older youth to receive vital spiritu81 input and form stronger relationships with good adult role models. Online HUB - There are 2 key aspeds to this newer area of our youth work. We have a youth Discord server which hasn't grown as much as expeded. but this is partty due to a lack of advertising and communication around it. There are plans over the summer to revamp this and potentially use a different media ¢hann81. When we have this online space being used frequently by our young people it will allow for discipleship to occur all week-long outside of our In-person groups! The olher side of the youth ministry online is our social media platfoms which are seeing incréased engagement from those that follow them. We have started posting several times a week on Ihese platfomis and putting out a range of content such as: mini faith messages, comedic conlenl (both original and repurposed memes), posts about our youth groups. events coming up, and footage of youth groups
Southcourt Baptisl chUh in action to gNe people a flavour of what they are like. This might be someone's first exposure to any sort of Christian content, which is why it's designed to be as engaging as possible, and something that young people especially would be interested in watching. Finally. we are looking forward to some exciting prospects in the pipeline fow our youth. We have plans to involve young people in content creation as a way of making the youth ministry more student driven and letting our young p80pI8 take ownership. Additionally. we have a Young Leader programme up and running being supported by regular training days. After a recent training day, we now have plans to further release Ihese young people into leadership opportunities and responsibilty. There is so much to b8 grat8ful for at the end of this last year and so much to be excited about for 2025126 for SBC Youth. watch this spacel Neighbourhood From May 2024. Brldge the Gap Food Bank has remained busy due to rising costs & the econornic crisis. The fwd bank now only opens on a Friday but our hours have extended so we are able to support our clients. We launched a weekly Wedn8sday drop, BTG Drop4n, in January 2024. where our cliénts Can a¢c8ss help from our team & partners. It is also a safe place, providing words of encouragement for those who are facing ¢halleng&s and in particular need. As the year progressed we ¢ontinu8d to be busy. numbers for the food bank increased and we are seeing new cllents on a weekly basis. We have ceived generous funding Ihat has been gratefully received. Donations were rac8iV8d from The Rothschild Foundation, Neighboudy, Fairhive, Bucks Council, The Souter Trust, Garfield Weston, Thomas Hickman, Freemasons, Heart of Bucks, Helping Hand, Aylesbury Rotary Club, Shanly Foundatlon & Clare Foundation. The generosity of our benefactors has enabled us to provid8 essential food such as freezer items. fruit, vegetables, bread, eggs and washing products in addition to our nomial food parcels. At Christmas. we partnered with chIeM Toybank and distributed toys, books and gifts to our families. Our Communlty fr8e Cafe l event, BTG Extra, now opens at present l¢e a year on a Saturday offering a free lunch and activities. Beeen 60 - 80 people are Currently attending this event and we are pleased to be able to offer this service. W8 have also had several fund raising events, a quiz night & Fun Day which were enjoyed by all. The Community Financial Support Sorvi¢e has conlinued four mornings a week. including the weekly drop in, throughout the year. The service has helped 66 different clients - 20 men, 40 women. and 3 Couples. Many of the clients need ongoing support so, in all. the service has conducted 220 appointments, an average of 5 a week. There has again been a wide range of financial needs supported. The DWP has embarked on a further programme of transferring peopl8 who were in receipt of Employment and Support Allowance onto Universal Credil. Helping clients with the formalilies is quite time consuming and clients do not find it easy having to get used to a new system and having to be prepared to follow instructions carefully. Two special highlights for this past year.. One client came into our food bank and literally collapsed on the flcK)r clutching a letter from a local Housing Association, advising it would be repossessing their hom8 in 10 days, time, making a family of four people homeless. After meeling with the client. we managed to speak to a senior contact at the housing association and between us we managed to agree on a way foward, $0 saving the clienys home. We then accompanied the client to the Millon Keynes court lo get Ihe repossession order annulled. The joy and relief was very evident bringing hope for their fvture and is the epitome of what our support seNice is aboul. The second client had debts of around £12,000 being managed by Step Change with our help and support. The client was just about reaching retirement age and had a private pension maturing. The debts were a source of real mental health pressure and Iha client was self-haThing, taking ov8rdoses, and was put on crisis care watch. Thg pension has now matured and through Step Change, we w8r8
Southcourt Baptist Church able to get the debts duced by jusl ov8r £3.500 in full and final settlement arKJ all the debts have now been repaid. The client describes the outcome as a huge burden being lifted. We have again been helped by the Thomas Hickman Charity with a grant to cover the expenses of the seTViCe and we are so grateful for their continued assistance year by year. The needs seem as big as ever, so it appears the servic8 wlll remain busy, supporting and bringing hope to clients in the coming year. Meeting every Monday moming during school term time, our Engllsh Conversation Group, has, over the last six years or so provided friendship, refreshment and conversation for well over a hundred of our n8ighbours of a variety of ethnic and faith backgrounds whilsl assisting them to improve their spoken English and th8ir integration into the community. We are grate1 to the partners from SBC who. each week, support this important eommunily outreach. We also thank those of Bertha's Café which provided refreshmenls for a while. One of the most rewarding outcomes continues to be the development of genuinely warm friendships and relationships both between our guesls and with our supporters. W8 nlinue lo hope and pray that our guests will recognise something of the bve of God, through us in this ministy and for opportunities to share that love with them what8V8r their faith bad(ground. South¢ourt Boxlng Club was set up by Southcourt Baptist Church, Thames Valley Police and a local boxing coach to provide a place for local people to get some exercise, incr8ase confidence and have a safe plac8 to go. Over the last 2 years this has proved highly successfvl with the number of people attending extseding expectations. We have also been joined by a number of excellent, dedicated volunteers who run the club on a weekly basis. Over the past year. ther8 has been a big change. Whilst Southwurt Baptist Church is still very much supportiv8 of the club, providing both volunteers. storage space and the venue to hold the club. we no longer have the resources to manage the club so have decided to hand over the running of the club to a committee of volunteers and coaches. This change took place with effed from February 1 st 2025 at which point any 8XiSting funds were passed over. This is a llwin. scenario as the ChUh a now receiving room-booking fees whilst knowing that this club is a great support to the Iccal community. Finances The 202412025 financial year was a challenging year for the finances of the Sthcourt Baptist Church Trust. This was particularly relevant for the General Fund (GF) wher8 the hard decision was tsken to make our Senior Pastor redundant. This decision was regrettably clear having completed a mid-y8ar anatysis of the finances, looking at the ongoing income from a variety of sources including donations and grants. The GF budget set for 2024125 was for a defiGit of around £28,609 but the church trustees approved the budget on the basis that. at the point of the budget being set, there were sufficient reserves to cover the deficit. Total income for the GF was over £27.000 below budget whilst the total expenditure was nearly £40.000 below budget due to necessary cost savings during the year. Ov8rall, the GF experienced a deficit of around £16,000 which was covered by existing reserves such thal the year end reserves were still nearly £40,000. The GF has continued to receive generous donations from its partners. regular attendees and income from hiring rooms. The trustees are gratefvl for all donations received. The Treehouse Pre-school ITH) had an excellent year financially. The TH budget set for 2024125 was for a deficit of around £44,000, including an aspirational £30,000 to install solar panels. bul the church trustees approved the budget on ihe basis ihat, at the point of the budget being set, there were large reserves to cover the dèficit. Total income for the TH was nearly £28.000 above budget whilst the total expenditure was nearly £18.000 below budget. Overall. the TH experienced a surplus of nearly £2,000
Soulhcourt Baplist Church whilst the year ènd reserves were over £65.000. In the coming year. the setting is looking to increase the number of staff whilst ¢ontinuing to remain compliant with the aduluchild ratios. Bridge the Gap, our food bank work IBTG) had a very Challenging year financialty. The BTG budget set for 2024125 was a balanced budget. At the financial year end, total income for the BTG was nearly £45.000 above budget whilst the total expenditure was nearly £15,000 below budget. However. during the year, the issue was that a large proportion of the monies in reseNes could only be spent on food. Wè therefore had issues with covering our salary bill. As a result, all four of Ihe staff were given redundancy notices to the end of Dember 2024 with the food bank needing to close. Miraculously. due to the hard work of our fundraiser, we were able to continue as we received the necessary monies from our funders. Overall. BTG experienced a surplus of ov8r £60,000 whilst the year end reserves were over £74,000 (of monies which could be used for salaries). In the 202512026 year. a plan is in place to ensure that we cover both the food and the salarylop8rational costs. So far. things are going well with non-food reserves of over £54,000 at the end of June 2025. As ever. we are totally Indebted to our wonderful funders as listed in the previous section. The Finance Team and trustées continue to monitor the Charity's financial position through the production of quarterly Income & Expenditure statements. the bank account and fund balances against the Reserve Policy range each w8ek. This acts as an earfy waming mechanism to identify any tightening of cash flow and prompt remedial action before pressure is experienced on the Charity's liquidity- The General Fund Reserve Policy has not changed ov8r the last year with the Reserve Range still standing at £19.000 - £28,000 for the 2025126 financial year. The Treehouse Reserve Range remains at £11,500- £23,000. The Trustees recognise their responsibility to keep the finances of the Charity In healthy state and expe¢t that to be the case over the coming year. Plans for the future Southcourt Baptist Church is at the heart of the Community and over the last few years w8 hav8 developed various work streams that provide opportunities to help us meet the needs of thos8 in our immediate proximity. Our vision is to assist others in creating a better, safer community. Our work slreams include our food bank. a weekly drop-in and youth hub. In the corning year we aim to continue with thes8 Str8ams but it is becoming increasingty challenging to find grants lo fund the work, especially for staff cost5. In the coming year, we will bè working with our funders and extemal advisors to find new, more suslainable streams of funding. We will also look to see where we can work in partnership with other organisations and agencies. The overall budget for the new financial year shows a deficit bul this will be monitored regularly by the finance team and trustees. In addition, we will be using monies from the charity's reserves to cover the necessary redundancy paymenl which will mean that. overall, we are in a good position. Approved by order of the board of trustees on Septemb8r 18th 2025 and signed on its behalf by: M Rogers - Finan Vision Leader io
Soulhcourt Bapb'st Church I report to the ¢harlty trustees on my examination of the accounls of SDulhcourt Baptlst Church ftir the yeai 8nded 31 Morth 2025, R•spon$lbllltl•s and bagls of r•port 8 the tharity Iruslaes of the charity Y are responsible for the prepaRon ofthe accnts In rdance with the requirements of the Charittes Ad 2011 {'the Act'}. I rewt in SPect of my examinattun oflhe TNSVS acwunts carried out under sec11c 145 of the Acl and In carrying out my einatIOn I have folhJ¥ed all applicablg Diredions glven by the Charity Commission under sectK)n 145(5}(b) of the A Independent 8xamlnefs Statement I have completed my examination. I confirm that no material mattels have comé to my attenliDn In ¢onneclion wth Ihè examination gNing ma ¢guse to b8118Vè thai In any material respecL' accounting records werp nol kept In respoct ofthe Charlty 8s foquifgd by section 130 of the Art. or the aCCnIS do not accord wllh those records: or the accounts do not comply with the appli¢able requir8ments exJncemin9 Ihe forn and contenl of accounts Set out in the Charili8s {Accounts and Reports) Regulatlon$ 2008 other than any requtrement thet the 8unts glve a true and.fair Mew vrt)ich is not a matter consld8r8d 8s part of an IndepeTrJent oxamination. I confinn that there are no other matters to whlch your attentwjn ¥houkl be drawn to enable 8 proper understsThJlng of the acctiunts to be reached. A J Bennewli) FC& FCPA. FF& FFfA FIPA DChA, FRSA Upper Gro)d Floor 18 Faftham Road Guil(fford Surrey GU14XA Date: IS 10
Southcourt Baptist Church Statement of Financial Actlvities as at 31 March 2025 Unrestricted R8Stricted Year ended Funds Funds 31.03.25 Total funds £ Notes Year ended 31.03.24 Totsl funds £ Income and Endowments from: Donations 157.895 171,674 329,569 277,891 Income Tax Recoverable Premises Hire Inveslment Treehouse Pre-school Total Ex nditure on: Charitable Activities.. 23,221 27,012 1,743 179,257 389,128 23,221 27,012 1.743 187.797 569,342 22.216 27.003 1,464 158,270 486,844 8&9 8,540 180.214 Le8dership 71,830 3.699 75.529 73.716 Worship & Discipleship 2,671 2,671 Neighbourhood 33.108 106.297 139.405 97,461 Site Operations 62.336 15,880 78,216 105.023 Repairs to church 24.197 4.766 28,963 12,963 Generatlon Next 24,006 24,006 23.677 Outreach 5,057 5.057 4,210 Treehouse 8&9 181,131 4.709 185.840 137,757 De reciation Total Net Incomel Ex nditure Transfer between funds 4.000 408,336 {19.208) 4,000 543,687 25.655 4,000 459.750 27.094 135,351 44,863 Net movement in funds {19.208) 44,863 25,655 27.094 Reconclllatlon of funds: Total funds brought foThvard Total funds carrled forward Contlnulng Oporatlons All income and ex enditure has arisen from continuin activities. 262,900 41.268 304.168 277,074 243,692 86.131 329.823 12
Southcourt Baptist Church Balance Sheet as at 31st March 2025 Notes Unrestricted Funds Restricted Funds Year ended 31.03.25 Year end8d 31.03.24 Total funds £ Totsl funds £ Fixed Assets: Tangible Assets 127,000 127,000 131.000 Current Assets: Debtors 4,402 4,402 4.610 Cash at bank and in hand 114,210 86,131 200,341 170.941 Total Current Assets 118,612 86,131 204,743 17S,551 Liabilities: Creditors: Amounts falling due within one year 1,920 1,920 1,920 Net Current Assets 116.692 86,131 202.823 173,631 Total Assets less Current Liabilitias 243,692 86,131 329,823 304,631 Provision for liabilities after one year 463 Total Net Assets 243,692 86,131 329,823 304,168 Funds Restricted funds 86,131 41,268 Unrestricted fijnds 243,692 262.900 Total Funds 329,823 304,168 The financial statements were approved by the Board of Trustees on September 18th 2025 and were signed on its behalf by: M Rogers - Finance WlOn Leader 13
Southcourt Baptist Church Statement of Cash Flows at 31st March 2025 Year ended 31.03.25 Year ended 31.03.24 Notes Cash Flows frorn operating actlvities Net 5h provided by l (used) in operations 4,436 5.392 Tax (pald) I recovered 23.221 22,216 Net cash provided by l (used in) operating activitie5 27.657 27.608 Cash Flows from Invastlng actlvltles Dividends and interest & rent from investments 1,743 1,464 Nel cash provided by l (used inl investing activities 1.743 1,464 Cash Flows from flnanclng activities Net cash provided by l (used inl financing activities Change in cash & cash equtvalants In tha reporting perlod 29,400 29,072 Cash and cash equivalents at the beginning of the reporting period 170.941 141.869 Cash and cash equivalents at tho end of the r8portlng period 200,341 170.941 A. Reconclllation of net income l (expendlture) to net cash flow from operating actlvltles Net Income l (expendlture) to for the reporting perlod as per the Statement of Financial Activities 25,655 27,094 Adjustments for.. Depreciation Charges 4.000 4,000 Interest received (1.743) (1,464) Tax Recovered (Gift Ald) (23,2211 122,216) Movements in pension provision (463) (528) (Increase) l Decrease in Gift Aid Due {1.352) (Increase) l Decrease in prepayments (135) (142) Net cash provlded by l (used In) operallng actlvltles 4,436 5.392 14
Southcourt Baptist Church Anatysis of cash and cash equivalents Year ended 31.03.25 Year ended 31.03.24 Cash in hand 162.239 119,582 Deposit Accounts 38,102 51,359 Total cash and cash equivalents 200,341 170,941 15
Southcourl Baptist Church Notes For te AA 1 March 2025 1 Accountin Policles a) Basis of proparlng the flnanclal statements The financial statements of the charity, which is a public ben8fit enlity undér FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reportlng by Charltles.. Statement of Recommended Practi applicable to charities preparing their accounts in accordance with th8 Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)., Financial Reporting Standard 102 The Financial Reporting Standard appli¢able in the UK and Republic of Ireland, and the Charities Act 2011. The financial statèments have been prepared under the historical cost conv8nth'on. b) Incoming r050urces Donations are recognlsed as incomlng resoure8s when received. Income tax recoverable on donations under the Gift Aid scheme is accounled for in the period in which the underlying donation is received. Funds received where the charity is acting as agent for independenl causes are matched to outgoings and any differen is carried fonvard to the nèxt perlod. Gifts in kind, where material and capable of being valued. are treated as income. No value has béèn placed on thé réntal equivalent of the use of the church premises and property, which are occupied free of charge by the church. Grant income is credited to the Statèment of Financial Activities in the year in whith it is re1Vable. Deferred income represents amounts received for future periods and is released to incoming resources in the period for which it has been received. c) Resourcos oxpondod All expenditure is induded on an accruals basis and is r8cognis8d when a legal or constructive obligation exists. The charity is not registered for VAT and accordingly expenditure shown is inclusive of iTh8coverabl8 VAT. Certain expendilure is direclly attributable to specific activities and has been induded in tt)ose cost categaries. Certain other costs, which are attributable to more than one activity, are apportioned across cost categories according to the nature of the ¢ost. d) Tangible fixèd assèts Tangible fixed assets are stated al cost less accumulated depreciation. All fixed assets costlng mora than £5,000 are capitalised. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful lif8- Buildings Computer & sound equipment -2OA on cost -250h on Gosl 16
Southcourt Baptist Church Freehold land is not depreciated as thè trustees consider the useful economic lrfe of the land owned by the charity to be so long as lo render any charge for depre¢iation immaterial to the truth and faimess of the financial statements. e) Fund accounting Funds held by the charity are either- Unrestricted funds - these are funds which can be used in accordan with the ¢harltab18 obJ8cts at th8 discretion of the trustees. Restricted fiinds- these are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise whèn specified by the donor or when funds are raised for parti¢ular restricled purposes. Designated funds - these are funds set aside by the trustees for specific purposes. They fom part of the unrestricted funds of the Charity. fj Pensions The church makes ¢ontrlbutlons to defined contribution schemes. Pension conlributions payable to these schemes are charged to the Ststement of Financial Activities in the period to which they relate. The church also makes contributions to a multi-employer defined benefit scheme. It is not possible for the church to identify trJ8 assets and liabilities attributable to the church. In accordance with the Charities SORP (FRS 102), the scheme is therefore accounted for as a defined contribution scheme. See note 13 for further details about the pension schemes. Freehold land and buildings Computer and sound equipment Total C05t At 1 April 2024 Additions At 31 March 2025 203.000 26,530 229,530 203,000 26,530 229,530 Depreciation At 1 April 2024 Charge for year At 31 March 2025 72.000 4,000 76.000 26,530 98,530 4,000 102,530 26.530 Net book values At 31 March 2025 127,000 127,000 At 31 March 2024 131.000 131,000 The cost of land and buildings is represented by.. Freehold rnanse at 293 Tring Road, Aylesbury {700k share) Land purchased for car park at Penn Road, Aylesbury Total 200.000 3,000 203,000 17
Soulhcourt Baptist Church . Non4non ta Id forth chur h'su The church is the beneficial occupier {subject to th8 relevant trust deeds) of the following assets, the 18gal tilles lo which are held by th8 churth's custodian trustee, the Baptist Union Corporation Ltd: 2025 2024 Church pr8mises at Insured value Church contents at insured value Total 4,175,247 466,764 4,642,011 3,727,899 416,749 4,144,648 and re 2025 2024 Income tax recoverable on gift aid Prepaid Insurance Total 2,187 2,423 4,610 2,558 4,402 edltors: amoun fallln due wlthln one 2025 2024 Accrued expenses Other cr8ditors Total 1,920 1,920 1,920 1,920 er one ear 2025 2024 Pension (Scheme 1 > (see note 14) 463 7. Staff c None of the church's employees received emolufflents of over £60,000 during the current or previous years. The average number of employees during the year was 16 {2024'.14), which included full time and part time workers. On a full-tim8 equivalent basis, the av8rag8 number of stsff members was 12 (2024.. 12>, employed in the following areas- Numbers Pastoral care Administration and maintenance Children. Youth and community Pre-school Total 2025 2024 16 14 Co$t$ 2025 2024 Wag8s and salaries Other Benefits Employer's National Insurance Current staff Pension costs Total 307,982 9.022 16,991 6,416 340.411 270,022 8.316 14,520 5,996 298,854 18
Southcourt Baplist Church 8 R tricted fund Incoming Resources Resources Expended Net incomingl (outgoing) resources Transfer betsveen funds Funds broughl fopward Funds carried forward Somethin Better Brid the Ga Treehouse Su Financial Support 316 109.922 4,709 1,134 316 46,873 3.831 366 653 24,052 337 70.925 156,795 8,540 1.500 1.233 1,599 Stair Lift Boxin Club Communit Fair Home Mission Total 1.800 4.450 10,410 711 3,699 135351 2.650 10,410 7,169 2.650 10,410 331 7,880 3.699 180 214 7,500 44.863 Incoming Resour5 Resources Expended Net incomingl (outgoing) resOUrS Transfer between funds Funds brought fomard Funds carried forward Premises R8furbishment Premises Develo ment Treehouse Women's Minist Youth General Boxin Club Brid e the Ga Total 1.743 11.168 19.425) 11,166 1.741 120 1.058 {938) 988 50 179,257 1.144 673 168,477 2,667 35,047 389.128 181,131 1.696 1.874 552 673 19,200 428 12,536 19 08 61,381 1,224 415 186,868 428 430 262 900 59.507 672 88 168,668 1,000 1.000 187.677 3,095 22,511 408,336 12,966 243 692 . Restricted Funds Funds (usually grant monies) are held for the following purposes: Something Better- to support th8 work of the support for our older folk in Ihe church and local community. Bridge the Gap - lo support the work of our food bank and community lunch projects. Treehouse support - to fund the ongoing provision of pre-school education where grants have been received for speGifi¢ projects such as to cover Special Educational Needs. Financial Support - to support the ongoing work of the d8bt management project that the church runs. Stair Lift- to support a new stair lift being installed to our youth loft room to enable thos8 Wlth acc85sibility needs to come along to our youth groups. 19
Southcourt Baptist Church Boxing Club - to supwrt the Boxing Club which provides support for fitness, discipline and friendship in our k)cal Community. Communily Fair- to enablo the annual Community Fair to tske pla in our local community. providing fun. free food and social cohesion for the local people. Home Misslon - to support the Associate Pastor (now becoming Minlster4n-Training) in his training Joumey whilsl he co-leads the church. Funds are held for the following purpos. Church Pr8mis8s Rèfurbishmènt - can b8 used for substantial internal and external refurbishment of our exisling buildings. Church Premises D8V81opment - for exp8nses related to substsnt181 building development. Treehouse - lo fund the ongolng provision of pre-school education. Women's Ministy- to support the well-being of women in and outside the church. Youth - to support the children and youth work. Boxing Club - lo support th8 Boxlng Club which provides support for fitness. discipline and friendship in our local Community. Bridge the Gap - to support the work of our food bank and community lunch projects. Ganeral - to support the general ongolng oparatlons of th8 church. 12. Trustees, remuneratlon and ox nses One member of the Trustee Board Rev D Graham was employed by the Southcourt Church Baptist Trust In the position of Lead Pastor (2024: one member of the board). Rev D Graham rècèived a rèmuneralion package of £46.205 (£43.383 previous year) and a pension contribution of £1,850 (£1.753 previous year}. Expenses of £74312024: £1,201) were also paid relating to his dulles a5 an employed member of staff and included payment for travel, hospitality, meetings and ministry costs. Payrnents to trustees were made under the legal authority of the church's governing documents. 13. Net IncomelEx endlture The nel movement in funds is stated after ¢hargingl(creditingl the following: 2024 2025 Independent Examiner's remuneratlon.. 1,920 1,920 Govemment Grants received.. Fo¢)d Bank Treehouse Pre-school Boxing Club Total (31,1501 (8.540) (29,256) (17.757) (3,000) 150,013) 139.690) 20
Southcourt Baptist Church There are now two s¢hem8s in operation. Until the end of January 2025, there was a third scheme, namely a multi-employer defined benefit pension scheme with The Pensions Trust on behalf of one fonner employee and trustee. This is now no longer in operation as the deficil has been paid. Scheme 1- The Pensions Trust - Growth Plan Series 4 This is a defined contribution scheme established with The Pensions Twst and operated as an Auto*nrolment Scheme. Conlributions to this scheme are charged to the SOFA in the period to vthich they relate. Scheme 2 - Llverpool Vlctoria - Personal Penslon Plan Finally the church makes contributions to a defined contribution Personal Pension Plan on behalf of the Lead Pastor. In accordance wlth the terms of his contract of employment. Since the Lead Pastor's employment has ceased from May 31st 2025, this plan wlll no longar be relevant after that date. 15. Com aratlves for the SOFA Statement of Financial AGtivities as at 31 March 2024 Unrestricled Funds Restricted Funds Year ended 31.03.24 Total fvnds Income and Endowments from: Donations 156,685 121,206 277,891 Income Tax Recoverable 22,216 22,216 Pr8mises Hire 27,003 27,003 Investment 1.464 1,464 Treehouse Preschool 140,513 17,757 158.270 Total 347.881 138,963 486,844 Expenditure on: Charitable Activities.. Leadership 73,716 73,716 Worship & Discipleship 943 943 Nei9hbourhood 5.478 91,983 97,461 Seniors Site Operations 85,991 19.032 105,023 Repairs to church 12.963 12.963 21
Southcourt Baptist Church Géneration Next 23,677 23,677 Outreach 4,210 4.210 Treehouse 98,110 39,647 137,757 Depreciation 4,000 4,000 Total 309,088 150,662 459,750 Net IncomellExpendilure) 38.793 111.699) 27,094 Transfèr betW8en funds Net movement in funds 38,793 111,699) 27.094 Reconciliation of funds.. Total funds brought forward 224,107 52.967 277.074 Total funds carried fOard 262,900 41,268 304,168 The Trust received trustees, donations of £12.175 for the year ended 31 March 202512024: £15,700). 22