EMSWORTH BAPTIST CHURCH TRUST - Filleted accounts

EMSWORTH BAPTIST CHURCH TRUST
Registered number:		06129852
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		1,673,842			1,719,831

Current assets
Cash at bank and in hand		31,020			36,482

Creditors: amounts falling due within one year	4	(39,996)			(45,000)

Net current liabilities			(8,976)			(8,518)

Total assets less current liabilities			1,664,866			1,711,313

Creditors: amounts falling due after more than one year	5		(133,340)			(200,000)



Net assets			1,531,526			1,511,313

Funds
Restricted funds			1,531,526			1,511,313

Total funds			1,531,526			1,511,313

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




T A Holmes
Director
Approved by the board on 10 July 2025

EMSWORTH BAPTIST CHURCH TRUST
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

	Turnover
	Turnover represents the total of voluntary income received in the year.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Leasehold land and buildings			over the lease term
	Cabins			10% straight line
	Plant and machinery			10% reducing balance
	Fixtures, fittings, tools and equipment			10% reducing balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees					2024		2023
Number							Number

	Average number of persons employed by the company					-		-


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Cabins		Total
£			£		£		£
	Cost
	At 1 January 2024	1,948,743		54,736		67,923		2,071,402
	Additions	-		-		2,190		2,190
	At 31 December 2024	1,948,743		54,736		70,113		2,073,592

	Depreciation
	At 1 January 2024	311,721		33,058		6,792		351,571
	Charge for the year	38,975		2,168		7,036		48,179
	At 31 December 2024	350,696		35,226		13,828		399,750

	Net book value
	At 31 December 2024	1,598,047		19,510		56,285		1,673,842
	At 31 December 2023	1,637,022		21,678		61,131		1,719,831



4	Creditors: amounts falling due within one year					2024		2023
£							£

	SCBA and Baptist Union loans					-		4,000
	Short-term loans from members of the congregation					-		35,000
	Other creditors					39,996		6,000
						39,996		45,000



5	Creditors: amounts falling due after one year					2024		2023
£							£

	Other creditors					133,340		200,000


6	Controlling party

	There is no controlling party, the company is limited by guarantee.


7	Other information

	EMSWORTH BAPTIST CHURCH TRUST is a private company limited by guarantee and incorporated in England. Its registered office is:
	North Street, Emsworth, Hampshire, PO10 7BY