Trustees. Annual Report for the period Period start date Period end da:e From 1st Jan 2024 To 31st Dec 2024 Section A Reference and administration details Charity name Inskip Baptist Church Other names charity is known by Charities for the Minister of the Particular Baptist Chapel Inski Registered charity number (if any) 500675 Preston Preston Road | Inskip PstOn Postcode PR4 orr Names of the charity trustees who manage the charity Trustee name Offlce (if any) Dates acted if not for whole year Name of person (or body) entitled to appoint trustee {if an David Humphrey Les Meiring Terry Smith Treasurer th From 29 October 2024 Assistant Treasurer and acting Secretary Acting Secretary until 23" April 2024 Names of the trustees forthe charity, if any, (for example, any custodian trustees) Name Dates acted if not for whole ar Martin Brennan Neil Lewis Les Meiring Terry Smith Names and addresses of advisers (Optional inforniation) e of adviser Name Address Name of chief executive or names of senior staff members {Optional information) Minister: Vacant TAR July 2025
Section B. Structure, governance and management Description of the charity's trusts Type ofgoveming document th Trust Deed dated 16 October 1817 How the charity is constituted trust. 25s9clatln. A Chan'table Trust The Trustees of the Charity comprise the Elders and Deacons Trust& selection methods The Trustses of the Charity are appointed by the Church Members as , recommended by the existing Trustees Additional governance issues (Optional infomiation) You may choose to include additional information. where relevant. about.. policies and produreS adopted lor the induction and training of trustees., the charrty's organisational structure and any wder network with which the charity works; relationship with any related parties., trustees, consideration of major risks and the system and procedures to manage them. Section C Ob"ectives and activities Summary of the objects of the charity set out in its governing document To perniit the said Chapel or Meeting House to be used occupied and enjoyed as a place of Public Religious Worship in accordan¢e with the Statement of Faith defined in the Trust Deed. Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefrt) Sunday Services for Public Worship. Midweek meetings for Publie Worship and Christian teaching. Special events for Public Worship and Christian teaching. Monthly afternoon meeting with a variety of activities with refreshments and a short "Pause for thought" Christian message The Trustees have had regard to the guidance issued by the Charity Commission on Public Benefit TAR July 2025
Additional details of objectives and activities (Optional infonnation) In April, the monthly"4 Wednesday aftemoon meeting commenced providing a variety of relaxing activities which attracted a number of local residents. You may choose to include further statements, where relevant. about.. policy on grant making-, policy prograrnme related investment., contribution made by volunteers. Section D Achievements and performance Symmary of the main achievements of the charity during the year Services for Public Worship We held every Sunday and on Good Friday, Easter Sunday and Christmas Day. Regular ministry continued using the Church website. Regular meetings for Bible study, Christian teaching and prayer continued to be held every Tuesday evening with occasional visits from representatives of a number of missionary societies that the Church supported. In April, the monthly"4th Wednesday" afternoon meeting commenced providing a vanety of relaxing activities which attracted a number of local residents. All these meetings and activities We open to the general public and were well supported. Section E Financial review Brief statement of the charity's policy on reserves l Any significant reserves held by the Charity are nornially invested in a managed fund. Following the death of a longstanding member, the Church received a significant legacy including a house. The house was in need of significant work so following legal advice it was agreed that it should be put up for sale. A substantial offer was received and accepted. The funds received are currently held in a high interest notice bank account The total assets of the Charity are monitored by the Trustees to ensure that there are alvrdys sufficient funds to meet all known liabilities. Details of any funds materially in deficit Further financial review details (Optional infonnation) TAR July2025
You may choose to include additional infonnation, where relevant about: the charily's principal sources of funds (including any fundraising),. how eXpendrtu has supported the key objectives of the charity., investment policy and objectives including any ethical investment policy adopted. Members and regular attendees continued to provide financial support and expenses without a full time minister are significantly less than this level of regular income. Section F Other optional information Section G- Declaration The trustees declare that they have approved the trustees, POrt above. Signed on behalf of the charity's trustees Signature(s) Full name{s) Position (eg Secretary, Chair, etc) Terence David Smith Leslie Meiring Assistant Treasurer and Actin . Secreta Deacon Date 3" July 2025 TAR Juty 2025
INSKIP BAPTIST CHURCH CHARITABLE TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 CHARITY NUMBER 500675
INSKIP BAPTIST CHURCH CHARITABLE TRU YEAR ENDED 315t DECEMBER 2024 CONTENTS PAGES Trustees, Annual Report Independent Examinerfs Report Statement of Financial Activities Balance sheet Notes to the Financial Statement 9-12
INSKIP BAPTIST CHURCH CHARITABLE TRUST YEAR ENDED 31st DECEMBER 2024 TRUSTEES, ANNUAL REPORT Page 1 The trustees have pleasure in presenting their report and the unaudited financial statements of the charity for the year ended 31 December 2024. REFERENCE AND ADMINIStRATIVE DAlLs Charity name.. Inskip Baptist Church Other names charity is known by.. Charities for the Minister of the Particular Baptist Chapel Inskip Charity registration number 500675 Address Preston Road Inskip Preston PR4 OT[ Minister Vacani - Used visiting preachers throughout the period Name5 of the charity Irustees who manage the charity.. David Humphrey Leslie Meiring Terry Smith - Assistant Treasurer and acting Secretary Name5 of the land & property trustees of the charity.. Martin Brennan Neil Lewis Les Meiring Terry Smith STRUCtURE, GOVERNANCE AND MANAGEMENT The charity Is governed by a Trust Deed dated 16th October 1817. The charit5Hs constitution is that of a Charitable Trust. The trustees of the charity comprise the Elders and Deacons. The trustee5 of the charity are appointed bythe Church Members as recommended by the existing trustees.
INSKIP BAPTIST CHURCH CHARITABLE TRUST YEAR ENDED 3151 DECEMBER 2024 TRUSTEES, ANNUAL REPORT ICONTINUEDI Page 2 OBJE IVES AND A1VITIEs Summary of the objects of the charity set out in its governing document- To permit the said Chapel or Meeting House lo be used occupied and enjoyed as a place of Public Religious Worship in accordance with the Statement of Faith defined in the Trust Deed. Summary of the main activities undertaken for the public benefit in relation to these objects.. Sunday Services for Public Worship Midweek meetings for Public Worship and Christian teaching Special events for Public Worship and Christian leaching. Monthly afternoon meeting with a variety of activities with refreshments and a short 'Pause for thoLJghV Christian message The trustees have had regard to the guidance issued by the Charity Commission on Public Benefit. In April, the monthly '4ch Wedne5da51 afternoon meeting commenced providing a variety of relaxing activities which atiracted a number of local resident5. ACHIEVEMENTS AND PERFORMANCE Summary of the main achievements of the charity during the year.. Services for Public Worship were held every Sunday and on Good Friday, Easter Sunday and Christmas Day. Regular ministry continued using the Church website. Regular meetings for Bible study, Christian teaching and prayer continues to be held every Tuesday evening with occasional visits from representatives of a number of missionary societies that the Church supported. In April, the monthly '4, Wednesdal afternoon meeting commenced providing a variety of relaxing activitie5 which attracted a number of local residents. All these meetings and activities were open 10 the general public and were well sUPPOrted. FINANCIAL REVIEW Any significant reserves held by the Charity are normally invested in a managed fund. The Charity reported a net surplus for the year of £235,348. Details are shown on the Statement of Financial Activities on page 7. The net assets of the Charity at 31st December 2024 amounted to £457,553. The total assets of the Charity are monitored by the trustees to ensure that there are always sufficient funds to meet all known liabilities.
INSKIP BAPTIST CHURCH CHARITABLE TRU YEAR ENDED 3151 DECEMBER 2024 TRUSTEES, ANNUAL REPORT (CONTINUED) Page 3 Following Ehe death of a longstanding member, the Church received a significant legacy including house. The house was in need of significant work so following legal advice it was agreed that it should be put up for sale. A substantial offer was received and accepted The funds received are currently held in a high interest notice bank account. Members and regular attendees continued to provide financial support, and expenses, without a full- time minister, are significantly reduced.
INSKIP BAPTIST CHURCH CHARITABLE TRUST YEAR ENDED 31 SL DECEMBER 2024 TRUSTEES, ANNUAL REPORT ICONTINUEDI Page 4 TRUSTEES, RESPONSIBILITIES STATEMENT The trustees are responsible for preparing the trustees, report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice} and applicable law and regulations. The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of Ihe state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently,. observe the methods a nd principles i n the Charities SORP, make judgements and estimaies that are reasonable and prudent,. state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements,. and prepare the financial statements on the going corTrcern basis unle5S It is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records thai disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with Ihe Charitie5 Act 2011, the Charities (Accounts and Reports) Regulation5 2008, and the provisions of the constituiion. The trustees are also responsible for safegLJarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. INDEPENDENT EXAMINER A resolution to appoint Mr N Smith FCCA of Rotherham Taylor Limited as independent examiner for the ensuing year will be proposed at the annual general meeting. DECLARATION The trustees declare that they have approved the trustees, report above. Signed on ehalf of the charitls trustees Terence Smith Assistant Treasurer Leslie Meiring Deacon Date.. -
INSKIP BAPTIS[ CHURCH CHARITABLE TRUST YEAR ENDED 31st DECEMBER 2024 INDEPENDENT EXAMINER'S REPORT Page 5 Independent Examinerfs Report to the trustees of Inskip BaptlSt Church I repori to the charity trustees on my examination of the financial statements of the charity for the year ended 31 December 2024 which comprise the Statement of Financial Activities, the Balance Sheet and relaied notes which are set out on pages 6 to 11. This report Is made solely to the charitys trustees, as a body, in accordarnce with Secrion 145 of the Charities Act 2011 . My work has been undertaken so that I might state to Ihe charitys trustees those matters l am required lo state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and Ihe charit5ls trustees as a body, for my worl for this report, or for the opinions I have formed. Responsibilities and basis of report the charit5ls trustees of Inskip Baptist Church you are responsible for the preparation of the accounis in accordance with the requirements of the Charities Act 2011 I'the Att?. I report in respect of my examination of Inskip Baptist Church accounts carried out under Section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under seciion 145{511bl of the Act. An independent examinaiion does not involve gathering all the evidence that would be required in an audit and consequently doe5 not cover all the matters that an auditor considers in giving their opinion on the financial statemen15. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently l express no opinion as 10 whether the financial statements present a 'true and fair, view and my report 15 limited to Ihose specific matters set out in the independent examiner's statement. Independent examineffs statement Since Inskip Baptist Church's income exceeded £250,000, your examiner must be a member of a body listed in Section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the 50(lation of Chartered Certified Accountants, which is one of the listed bodies. I have completed my examinaiion. I confirm that no material matter5 have come 10 my attention in connection with the exami nation giving me cause to believe that in any material respect.. accounting records were not kept in respect of Inskip Baptist Church as required by Section 130 of the Act,. or the account5 do noi accord with those records., or 3. the accounts do not comply with Ihe accounting requiremernts 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 maiter considered as part of an independent examination.
INSKIP BAPTIST CHURCH CHARITABLE TRUS[ YEAR ENDED 31st DECEMBER 2024 INDEPENDENT EXAMINER'S REPORT (CONTINUED) Page 6 I have no concerns and have come across no other matters in conneciion 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. Mr N Smith BA (Honsl FCCA Independent Examiner Rotherham Taylor Limited 21 Navigation Business Village Navigaiion Way, h[orn on Ribble Preston, PR2 2YP
INSKIP BAPTIST CHURCH CHARITABLE TRUST YEAR ENDED 31st DECEMBER 2024 STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING SUMMARY OF INCOME AND EXPENDITURE ACCOUNTI Page 7 RESTATED Total funds 2023 Unrestricted Total funds funds 2024 Income (Note 2} Offering5 and legacies Investments Total 258,856 3,710 258,856 3,710 56,852 105 Expenditure (Note 3) Charitable activities Totol 127,2181 127,2181 (64,5421 Net income/(expenditureJ Capiialisation of tangible and heritage assets Net movement infunds 440,934 Reconciliation offunds.. Total funds brought forward (Note 51 Totalfvnds carriedforward The notes on pages 8-11 form an integral part of these financial statements.
NSKIP BAPTIST CHURCH CHARITABLE TRUST YEAR ENDED 31st DECEMBER 2024 BALANCE SHEE[ Page 8 RESTATED Total funds 2023 Unrestrirted funds Total this year 2024 Fixed A£sets'. (Note 5) Tangible assets Heritage assets Totalfixed assets 2,479 431,689 341_68 2,479 431,689 3,787 431,689 Current Assets: (Note 61 Debtors Cash BE bank ap,d in hand Total current assets 3,106 257,067 3,106 257,067 2,022 20,729 Creditors.. amounts falling due within one year {Note 7) Creditors 684 Net current assets/(liobilities) Total assets less current liabilities Funds of the Charity.. Unrestricted funds Total funds (Note 91 These financial statements were approved by the trustees on the their behalf by.. and are signed on Terence Smith Assistant Treasurer
INSKIP BAPTIST CHURCH CHARITABLE TRUST YEAR ENDED 31st DECENABER 2024 NOTES TO THE FINANCIAL STATEMENTS 1 ACCOUNTING POLICIES Statement of compliance The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporiing Standard applicable in the United Kingdom and Republ ic of Ireland IFRS 102} and the Charities Act 2011. Basis of preparation Inskip Baptist Church meets the definiiion of public benefit entlty under FRS 102. Assets and liabililies are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notelsl. Going concem The trustees have prepared budgets and a forecast which gives Ihem adequate comfort Ihat the charitable company is a going concern. As a result, the charitable companys financial statements have been prepared on a going concern basis. Prior period restatement During the period ended 31st E)ecember 2024, the Charity has adopted the accruals basis of accounting due to its gros5 income exceeding £250,000. The impact of the restatement of the Cofnparative figures is a decrease in expenditure on charitable activities of £435,477 and a corresponding increase in iotal funds as at 31 Sl December 2023, as previously reported. Income Recognition of Income These are included in the Statement of Financial Activities when.. the charity becomes entitled to the re50urces-, it is more likely th3 n not that the trustees will receive the resources., and the monetary value can be measure with SLJff1cient reliability. Offerings and legacies Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured. Investment income Investment income is recognised in Ehe financial statement when the receipt is probable and the amount receivable can be measured reliably. Expenditure and liabilities All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required, and the amouni can be measured reliably. All costs are allocated 10 the applicable expenditure heading that aggregate similar c05t5 to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central siaff costs allocated on the basis of time speni, and depreciation charges allocated on the portion of the asset's use.
INSKIP BAPTIST CHURCH CHARITABLE TRUST YEAR ENDED 31st DECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS Page 10 Liability recognition Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. ssets Depreciation and amortisation Depreciation is provided on iangible fixed a55ets so as to wrile off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows.. Asset class Fixtures & fittings Depreciation method and rate 25% reducing balance Heritage assets The charity has heritage assets, these are, non-monetary assets with historic, artistic, scientific, technological, geophysical or environmental qualities that are held and maintained principally for their contribution to knowledge and culture. These are valued at cost. Debtors Debtors lincluding trade debtor5 and loans receivable) are measLJred on initial recognition at settlement amount after any trade discoun15 or amount advanced by the charity. Subsequently, they re measured at the cash or other consideration expected to be received. Cash at bank and cash in hand Cash at bank and cash in hand includes cash and short term highly liquid inveslment5 With a short maturity value of three months or less from the date of acquisition or opening of the deposit or similar account. Fund structure Unrestricted income funds are gener31 funds that are available for use at the trustees, discretion in furtherance of Ihe objectives of the charity. ResLricled income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to thai area or purpose. Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. 2 ANALYSIS OF INCOME Offerings and legacies Restated 2023 2024 Offerings ond legacie5,' Donations and gifts Legacie5 Total 45,856 56,852 213,000
INSKIP BAPTIST CHURCH CHARITABLE TRUST YEAR ENDED 31st DECEMBER 2024 NOTES TO THE FINANCIAL StATEMENTS Pa e11 Incomefrom investments Restated 2023 2024 Incomefrom investments,. Interest income Total 3,710 105 3 ANALYSIS OF EXPENDITURE Expenditure on charitable artivities Restated 2023 2024 Expenditure on charitable activities," Ministerial costs Utilities & insurance Computer costs Licensing Cleaning & mainrenance Missions Miscellaneous Depreciation Capitalisation of assets Total 7,910 6,491 699 352 4,160 4,715 1,583 1,308 43,856 3,138 570 536 1,609 7,600 1,776 5,457 {440,9341 27 IL8 376 392 5 FIXED ASSETS Heritage Assets Fixtures and Fittings Total Cost As at 1 January 2024 Prior perQd adjustment As at 1 January 2024 restated As at 31 December 2024 restated Depreciatior) at 1 January 2023 restated Charge for the year at 31 December 2024 Net book value As at 31st December 2024 at 31 st E)ecember 2023 restated 431 689 5,458 1,308 5,458 1,308
INSKIP BAPTIST CHURCH CHARITABLE TRUST YEAR ENDED 31st DECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS e12 6 DEBTORS AND PREPAYMENTS Restated 2023 2024 Prepayments Accrued income Total 2,106 1,000 2,022 022 7 CREDITORS Restated 2023 2024 Accruals Trade creditors Total 1,020 420 684 8 COMMITMENTS The trustees have confirmed that at the year end there were no contingent liabilities or off balance sheet commitments requiring disclosure. 9 CHARITY FUNDS RESTATED Balance at 1 January 2024 Income Resources expended Balance at 31 December 2024 resources Unrestrictedfunds General RESTATED Balance at 31 December 2023 Balance at 1 January 2023 Income resources Resources expended General
INSKIP BAPTisf CHURCH CHARITABLE TRUST YEAR ENDED 31st DECEMBER 2024 INDEPENDENT EXAMINER'S REPORT Page 5 Independent Examinerfs Report to the trustees of Inskip BaptlSt Church I repori to the charity trustees on my examination of the financial statements of the charity for the year ended 31 December 2024 which comprise the Statement of Financial Activities, the Balance Sheet and relaied notes which are set out on pages 6 to 11. This report is made solely to the charitys trustees, as a body, in accordance with Secrion 145 of the Charities Act 2011 . My work has been undertaken so that I might state to Ihe charitys trustees those matter51 am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and Ihe charir5ls trustees as a body, for my worl for this report, or for the opinions I have formed. Responsibilities and basis of report As the charit5ls trustees of Inskip Baptist Church you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'the Att?. I report in respert of my examination of Inskip Baptist Church accounts carried out under Section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under seciion 14515llbl of the Act. An independent examination does not involve gathering all the evidence that would be required in an audit and consequently doe5 not cover all the matters that an auditor considers in giving their opinion on the financial statemen15. The planning and conduct of an audit goes beyond the limiled assurance thal an independent examination can provide. Consequently l express no opinion 35 10 whether the financial statements present a 'true and fair, view and my report is limited to Ihose specific matters set out in the independent examiner's statement. Independent examinerfs statement Since Inskip Baptist Church's income exceeded £250,000, your examiner must be a member of a body listed in Section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the Pssociation of Chartered Certified Accountants, which is one of the listed bodies. I have completed my examinaiion. I confirm that no material matter5 have come 10 my attention in connection with the exami nation giving me cause to believe thai in any material respect.. accounting records were not kept in respect of Inskip Baptist Church as required by Section 130 of the Act,. or the account5 do not accord with those records-, or 3. the accounts do not comply with the accounting requiremernts 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 maiter considered as part of an independent examination.
INSKIP BAPTIST CHURCH CHARITABLE TRU5[ YEAR ENDED 31SI DECEMBER 2024 INDEPENDENT EXAMINER'S REPORT (CONTINUED) Page 6 I have no concerns and have come across no other matters in conneciion with the examination to which attention should be drawn in this report in order to ernable a proper understanding of the accounts to be reached. Mr N Smith BA (Honsl FCCA Independent Examiner Rotherham Taylor Limited 21 Navigation Business Village Navigation Way, h[Orn on Ribble Preston, PR2 2YP