2024-12-31-accounts - Battersea Chapel Educational Foundation

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BATTERSEA CHAPEL (EDUCATIONAL FOUNDATION)

Charity Registration Number: 312325

31 December 2024 Annual Report and Accounts

BATTERSEA CHAPEL (EDUCATIONAL FOUNDATION)

Annual Report and Accounts 2024 Contents

	Page
Legal & Administrative Information	2
Annual Report of the Trustees	3
Independent Examiner’s Report	5
Receipts & Payments Account	6
Statement of Assets & Liabilities	7
Notes to the Accounts	8

BATTERSEA CHAPEL (EDUCATIONAL FOUNDATION)

Legal & Administrative Information For the year ended 31 December 2024

Charity Name	Battersea Chapel (Educational Foundation).
Principal Address	83 Thomas Baines Road Battersea, London, SW11 2HH
Charity Registration	312325. The church was registered with the Charity Commission on 5 December
	1962.
The Governing Document	Scheme dated 25 July 2006
Object	1. The advancement of the religious and other charitable work of the church of
	protestant dissenters of the Baptist denomination.
	2. The advancement of education both secular and in accordance with the tenets of
	the church of protestant dissenters of the Baptist denomination.
Trustees	The Trustees who served during the year or who	were serving	at the date of this
	report were:
	Reverend Adebayo Babalola
	Daniel Johnson
	Bre Antonia Mc Dermott- King (stepped down	31 July 2025)
	Hilary Sheikh (stepped down	31 July 2025)
	Foluke Adenrele Moses
	Patience Nandi Mtopa-Offei (stepped down	31 July 2025)
	Carla Burton
	Rose Kudiabor
Key Management Personnel	Those in charge of directing, controlling, running and operating the Church on a day-
	to-day basis are the Trustees.
Bankers	Barclays Bank PLC
	7-11 St Johns Hill
	London
	SW11 2TR
	National Savings & Investment
	Sunderland
	SR43 2SB
Independent Examiner	Michael Jarrett ACMA, CGMA
	77 Woodford Avenue
	Redbridge
	Essex IG2 6UX

BATTERSEA CHAPEL (EDUCATIONAL FOUNDATION)

Trustees Report For the year ended 31 December 2024

The Trustees submit their annual report and accounts of Battersea Chapel (Educational Foundation) (“the Church”) for the year ended 31 December 2024. The legal and administrative information set out earlier in this document forms part of this report.

1. Structure, Governance & Management

The office bearers and any other leadership team members for the time being constitute the trustees. There must be at least three, and they must meet at least twice a year.

None of the Trustees receive remuneration apart from the Pastor.

2. Activities

The Trustees have given due regard to the Charity Commissions’ guidance on public benefit. During the year the Church carried out the following activities in order to promote the Gospel in the local neighbourhood and also to benefit the community:

We have settled in very well at our new address of 83 Thomas Baines Road, Battersea SW11 2HH. The new building was dedicated in June 2024.

Activities held are:

Sunday services
Weekly Bible Studies (are held in person once a month)
Weekly prayer meetings
Late night prayer meetings on the second and last Friday of each month

Social Activities include:

Friends in Battersea group for over 50s in the community every Thursday
Mother’s day in the community
Community Easter services
Dedication of church building
Adult Baptism at Easter
Annual seaside trip
Love Battersea collaborative community event
Church picnic and games in the park
Annual Harvest service and food distribution in the community
Carol singing at local Sainsburys superstore

3. Achievements

We were able to welcome new addition to the church members list. We participated in Love Battersea – a collaborative community event.

We established an over 50s community group which provides warm space activities for those in need.

4. Financial Review

4.1 Financial Activity and Financial Position

The church is funded by the freewill offerings of members and others, together with some lettings and investment income.

BATTERSEA CHAPEL (EDUCATIONAL FOUNDATION)

Trustees Report For the year ended 31 December 2024

The Church’s cash resources decreased by £12,727 during the year to £220,385 (2023: decreased by £30,021 to £233,112). There was 15,632 of Gift Aid yet to be claimed at 31 December 2024

4.2 Pension Deficit

The Church is an employer participating in a pension scheme known as the Baptist Pension Scheme (“the Scheme”). The Scheme is a separate legal entity which is administered by the Pension Trustee (Baptist Pension Trust Limited). The most recent (30 September 2024) statement indicated that there was no Scheme deficit.

4.3 Reserves Policy

The Trustees consider that, given the nature of the church’s work, free reserves should be equivalent to approximately 3 months’ routine general fund expenditure, plus committed future expenditure on other projects where funds permit. The Trustees are of the opinion that this provides sufficient flexibility to cover temporary shortfalls in incoming resources and will allow the Church to cope and respond to unforeseen emergencies whilst specific action plans are implemented. At 31 December 2024 the Church had net free reserves of £212,291 (2023: £221,090).

Total cash reserves Less: restricted funds Free reserves Free reserves requirement: 3 month’s budgeted routine expenditure	2024	2023 £ 233,112 (12,022)
	£

	220,385
	(8,094)

		221,090
	212,291

		20,000

	25,000

The Trustees are aware that the cash funds are currently in excess of the free reserves requirement and are considering ways in which the funds can be utilised in accordance with the objects of the charity in the medium term.

5. Responsibilities of Trustees for the Accounts

Charity law requires the Trustees to prepare accounts for each accounting year which record the receipts and payments of the charity for the year. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011. The Trustees also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.

6. Approval

The report of the Trustees was approved by the Trustees on 28 May 2026 and signed on its behalf by:

Daniel Johnson Trustee

Foluke Adenrele MOSES Trustee

BATTERSEA CHAPEL (EDUCATIONAL FOUNDATION)

Independent Examiner’s Report For the year ended 31 December 2024

I report on the accounts of Battersea Church (Educational Foundation) for the year ended 31 December 2024, set out on pages 6 to 11.

This report is made solely to the Trustees in accordance with section 145 of the Charities Act 2011 (the Act). My independent examination has been undertaken so that I might state to the Trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by the law, I do not accept responsibility to anyone other than the Trustees for my independent examination, for this report, or the opinions I have formed.

RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND EXAMINER

The Trustees consider that an audit is not required for this period (under section 144(2) of the Act) and that an independent examination is needed.

It is my responsibility to:

Examine the accounts (under section 145 of the Act);
To follow the procedures laid down in the General Direction given by the Charity Commission (under section 145(5)(b) of the Act); and
To state whether particular matters have come to my attention.

BASIS OF INDEPENDENT EXAMINER’S STATEMENT

My examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts.

INDEPENDENT EXAMINER’S STATEMENT

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the church as required by section 130 of the Act; or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Michael Jarrett

28 May 2026

BATTERSEA CHAPEL (EDUCATIONAL FOUNDATION)

Receipts & Payments Account For the year ended 31 December 2024

Note Receipts Donations and legacies Gift Aid Claimed Charitable activities Lettings Investments Total Receipts Payments Charitable activities 2 Total Payments Surplus of payments over receipts Transfer between funds Total cash funds brought forward Total cash funds carried forward 4,5	Unrestricted Funds 2024 £ 57,483 - - 500 1,309 59,292 72,207 72,207 (12,915) 4,116 221,090 212,291		Restricted Funds 2024 £ 617 - - - - 617 429 429 188 (4,116) 12,022 8,094		Total 2023 £ 49,061 7,013 231 448 1,992	)
				Total
				2024
				£

				58,100
				-
				-
				500
				1,309

					58,745

				59,909

					88,766


				72,636

					88,766

				72,636

					(30,021 - 263,133

				(12,727)

				-

				233,112

					233,112

				220,385

BATTERSEA CHAPEL (EDUCATIONAL FOUNDATION)

Statement of Assets & Liabilities As at 31 December 2024

Note Assets Tangible Assets 3 Investments Debtors Cash At Bank And In Hand 4,5 Liabilities Pension deficit 6 Total Assets Less Liabilities	Unrestricted Funds 2024 £ - 1,076 15,632 212,292 227,924 - 227,924	Restricted Funds 2024 £ - - - 8,094 8,094 - 8,094		Total 2023 £ - 806 9,241 233,112
			Total
			2024
			£

			-
			1,076
			15,632
			220,385

				243,159 -

			236,017


			-

				243,159
			236,017

The Accounts were approved by the Trustees on 28 May 2026 and signed on its behalf by:

Daniel Johnson Trustee

Foluke Adenrele Moses Trustee

BATTERSEA CHAPEL (EDUCATIONAL FOUNDATION)

Notes to the Accounts For the year ended 31 December 2024

1. Accounting Policies

The accounts have been prepared on a receipts and payments basis with a statement of assets and liabilities.

2. Payments – Charitable Activities

Provision of Pastor Net salary & PAYE Pension Council tax Manse heat & Light Manse insurance Manse repairs and maintenance Church life & outreach Visiting preachers Hospitality & catering Music Other Gifts & grants Office Costs Telephone, broadband, website Subscriptions Accountancy, payroll Printing, stationery & postage Other Provision of buildings and facilities Heat, light & water Insurance Maintenance, cleaning, security Equipment Legal fees Sundry Governance Independent examination	Unrestricted Funds 2024 £ 24,273 6,528 1,388 - - 3,588	Restricted Funds 2024 £ - - - - - - 0 - - - 429 - 429 - - - - - 0 - - - - - - 0 - 429		Total 2023 £ 23,382 5,282 1,472 4,845 1,297 2,268 38,546 200 1,730 2,169 4,890 1,714 10,703 2,884 416 378 1,117 835 5,630 11,599 6,118 9,667 - 6,503 - 33,887 - 88,766
			Total
			2024
			£

			24,273
			6,528
			1,388
			-
			-
			3,588

	35,777 250 636 456 1,433 1,200
			35,777

			250
			636
			456
			1,862
			1,200

	3,975 2,515 1,743 1,978 513 1,325
			4,404

			2,515
			1,743
			1,978
			513
			1,325

	8,074 12,923 6,161 4,636 349 - 12
			8,074

			12,923
			6,161
			4,636
			349
			-
			12

	24,081 300
			24,081

			300

	72,207
			72,636

BATTERSEA CHAPEL (EDUCATIONAL FOUNDATION)

Notes to the Accounts For the year ended 31 December 2024

3. Tangible Fixed Assets

There are two properties:

The church property at 83 Thomas Baines Road, Battersea, London SW11 2HH. The church property is held in the name of the London Baptist Property Board.
The manse at 111, Plough Road SW11 2BJ is occupied by the Pastor for the better performance of his duties. The manse is held in the name of Battersea Chapel.

4. Unrestricted Funds

At 1 January 2024 £ 198,292 159 16,596 4,624 906 236 277 22,798 221,090	Payments £ (70,584) - - (1,623) - (1,623) (72,207)	Transfers £ 3,979 - - 137 - - -	At 31
			December
			2024
			£

			189,946

			159
			16,596
			4,172
			906
			236
			277

		137
			22,346

		4,116
			212,292


At 1 January 2023 £ Receipts £ 236,747 48,939 159 - 16,596 - 4,874 - 1,026 - 512 - 257 20 23,424 20 260,171 48,959	Payments £ (87,394) - - (250) (120) (276) - (646) (88,040)
At 1 January 2023 £ 236,747 159 16,596 4,874 1,026 512 257 23,424 260,171		Transfers £ - - - - - - -	At 31
			December
			2023
			£

			198,292

			159
			16,596
			4,624
			906
			236
			277

		0
			22,798

		0
			221,090

BATTERSEA CHAPEL (EDUCATIONAL FOUNDATION)

Notes to the Accounts For the year ended 31 December 2024

4. Unrestricted Funds (continued)

Descriptions of the main designated funds are as follows:

Building fund: This is money set aside for any emergency building work.

Communion Fund: This is money collected during the communion service, every 3[rd] Sunday of the month and set aside for internal and external charity work at the discretion of the Pastor.

Outing fund: Money set aside to help families who cannot afford to join the annual seaside trip but need the break. Any surplus from each outing is added back to this fund.

Sunday school fund: this is money set aside to purchase gifts and resources for the Sunday school children.

5. Restricted Funds

5a Current year Communion Fund Minibus fund Warm Spaces Thanksgiving Equipment		At 1 January 2024 £ 137 360 8,923 2,562 40 12,022	Receipts £ - - - 160 457 617	Receipts £ - - - 160 457 617	Payments £ - - (429) - - ( 429)	Transfers £ (137) - (3,979) - -		At 31
								December
								2024
								£

								0
								360
								4,515
								2,722
								497

						(4,116)
								8,094

The transfer from restricted Communion Fund to designated Communion Fund was to correct historic accounting for these funds.

The transfer from Warm Spaces to general fund is in recognition of Warm Spaces expenditure debited to general fund in prior periods.

5a Current year Communion Fund Minibus fund Warm Spaces Thanksgiving Equipment		At 1 January 2023 £ 10 360 0 2,552 40 2,962	Receipts £ 377 - 9,400 10 - 9,787	Receipts £ 377 - 9,400 10 - 9,787	Payments £ (250) - (477) - - ( 727)	Transfers £ - - - - -		At 31
								December
								2023
								£

								137
								360
								8,923
								2,562
								40

						0
								12,022

BATTERSEA CHAPEL (EDUCATIONAL FOUNDATION)

Notes to the Accounts For the year ended 31 December 2024

6. Pension Deficit

Previously the Baptist Pension Scheme’s now closed defined benefit scheme had been reporting a funding deficit and the charity had been making contributions to help make good the shortfall. The Baptist Pension Scheme provided estimates for the charity’s share of the funding deficit and the estimate at the year end was £nil (£2024: £nil).

In July 2022 the Baptist Pension Scheme reached an agreement with an insurance company, called Just, to secure the benefits payable under the now closed defined benefit pension scheme (‘DB Scheme’). The premium payable to Just was favourable and, after the transaction with Just, the DB Scheme no longer has a funding deficit. It will take some time to complete the process and, until it is complete, some risks remain. Based on current values the Baptist Pension Scheme believes it has sufficient assets to complete the process without requiring additional contributions from participating employers but, because some risks do remain, the charity has been asked to make a nominal monthly contribution of £1 to the DB Scheme from August 2022.

7. Related Party Transactions

Adebayo Babalola, a trustee from April 2024, was paid a salary at a rate of £24,500 per annum in his employed capacity as pastor and occupied the Church’s manse property rent free for the better performance of his duties.