BRISTOL BAPTIST FUND AND ELIZABETH AGITT CHARITY
ACCOUNTS FOR THE YEAR EIYDED
31 AUGUST 2024

BRISTOL BAPTIST FUND AND ELIZABETH AGITT CHARITY
GENERAL INFORMATION
REGISTERED CHARITY NUMBER:
1125753
CHARITY SCHEME NUMBER:
C107,707 Sealed 8th July 1927
DEED OF TRUST:
1717
CORRESPONDENCE ADDRESS:
7 Merford Road
Redland
Bristol
BS6 7LA
PRINCIPAL BANKERS:
CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ
INDEPENDENT EXAMINER:
IY.M. Rogers FCA

BRISTOL BAPTIST FUND AND ELIZABETH AGITT CHARITY
TRUSTEES, ANIYUAL REPORT
Status
The Bristol Baptist Fund was previously constituted on 8th July 1927, and the Elizabeth
Agitt Charity on 20th November 1986, under schemes prepared by the Charity
Commission.
Both were registered as a combined charity with the Charity Commission with effect from
8 September 2008, under registration number 1125753.
Governance and Management
The Trustees of both the Bristol Baptist Fund and the Elizabeth Agitt Charity during the
year to 31 August 2024 were:
Revd M Smith
Ms S Atkinson
Mr H Wilson
Mr C Bews
Revd N R Coles
Revd Dr P Morden (appointed 01 September 2023)
Mr M A Broad MBE (resigned 31 December 2023)
Revd Carl Smethurst
Chairnian
Secretary (resigned 31 December 2023)
Secretary (appointed O l January 2024)
Treasurer
Bristol Baptist Fund - Objectives and Activities
The object of the Fund is to make grants in aid of the stipends of Pastors, clerical or lay, of
Baptist chapels within the Counties of Gloucester, Devon. Cornwall. Somerset and
Wiltshire, and also to support financially needy students of the Bristol Baptist College as
well as the College itself and its library.
The Fund receives no grants from outside bodies, although donations are accepted. The
primary source of income is from the investment portfolio held and administered by the
West of England Baptist Trust Company (Wesl) Ltd &s Custodian Trustee, and interest on
Building Society and savings accounts. Income is distributed in furtherance of the Trust
objectives.
Financial Review
In the year to 31 August 2024 the Fund received income of £63,025 from its investment
portfolio. The investment portfolio showed an unrealised gain of 5.0% in the year in line
with most investments. In addition the Fund received £93,465 from the proceeds of sale of

two closed Baptist Churches. The Trustees agreed that this would enable the grants payable
to be increased this year to £160,000 in totsl. This would give a total of £80,000 for Bristol
Baptist College and its students, and a further £40,000 each to both the West of England
Baptist Association (Webnet) and the South West Baptist Association for mission based
placements.
Statement of Policy on Reserves
The Fund's principal assets comprise the investment portfolio and cash at bank. The
combination of income produced and capital growth frorn the portfolio are considered to
be su￿1Clent to enable the Charity's activities to continue for the foreseeable future.
Statement of Investment Policy
The Fund follows an ethical investment policy in accordance with the principles of the
Baptist Denomination. The BBF Trustees are responsible for ensuring that the ethical
investment policy is adhered to by the appointed Investment Managers at all times.
This Ethical Investment Policy has been agreed by the BBF Trustees. In doing so. it has
been recognised that following an ethical investment policy could lead to higher investment
management costs and increased volatil ity of returns, compared to those for a non-ethical
approach.
Elizabeth Agitt Charity
This fund made its final distribution in 2021.
RESPONSIBILITIES OF THE TRUSTEES
Law applicable to charities in England and Wales requires the Trustees to prepare financial
statements for each financial year which give a true and fair view of the
Charity's financial activities during the year and of its financial position at the end of the
year. In preparing financial statements giving a true and fair view, the Trustees should
follow best practice and:
select suitable accounting policies and then apply them consistently"
make judgments and estimates that are reasonable and prudent"
state whether applicable accounting standards and statements of recommended
practice have been followed, subject to any malerial departures disclosed and
explained in the financial statements. and
prepare the financial ststements on the going-concern basis unless it is
inappropriate to presume that the Charity will continue in operation.

The Trustees are responsibl¢ for keeping proper accounting records which disclose with
reasonable accuracy at any time the financial position of the Charity and enable them to
ensure that the financial statements comply with the Charities Act 2011. The Trustees are
also responsible for safeguarding the assets of the Charity and hence for taking reasonable
steps for the prevention and detection of fraud and other irregularities.
Declaration
The trustees declare that they have approved the report as set out above.
Revd Dr Peter Morden
Trustee
4 June 2025

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE
BRISTOL BAvfisT FUND AND ELIZABETH AGll￿ CHARITY
I report on the Financial Statements of the Charity for the year ended 31 August 2024, which are
set out on pages 5 to 8.
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees
consider that an audit is not required for this year under section 144(2) of the Charities Act 2011
(the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
examine the accounts under section 145 of the 2011 Act:
to follow the procedures laid down in the general Directions given by the Charity
Commission under section 145(5Xb) of the 2011 Act. and
to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was Ca￿led out in accordance with the general Directions given by the Charity
Commission. An examination includes a review of the accounttng 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 you as trustees
concerning any such matters. The procedures undertaken do not provide all the evidence that
would be required in an audit and consequently no opinion is given as io whether ihe accounts
present a 'true and fair view, and the report is limited io those matters set out in the statemenl
below.
Independent examiner's statement
In connection with my examinatio￿ no matter has come to my attention:
( l ) which gives me reasonable cause to believe that in any material respect the requirements:
to keep accounting records in accordance with section 130 of the 2011 Act. and
to prepare accounts which accord with the accounting records and comply with the
accounling requirements of the 2011 Act
have not been met. or
(2) to whiclL in my opiniory attention should be drawn in order to enable a proper understanding
of the accounts to be reached.
N M Rogers FCA
7 June 2025

BRISTOL BAwfisT FUND AND ELIZABETH AGITT CHARITY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR EfsDED 31 AUGUST 2024
Unrestrieted Reslricted
BBF
General
Fund
Elizabeth
Agitt
Charity
INCOMING RESOURCES
2024
Total
2023
Total
Imies¢meni Income
Investment Portfolio
Deposit Interest
Oiher Income
Proceeds from the sale of Churches
63.025
47
63,025
47
61,571
10
93,465
93.465
Total Incoming Resources
156,537
156,537
61.581
RESOURCES EXPENDED
Grants - Bristol Baptist Fund (Note 4)
Bank Charges
Grants - EIizAbeth Agitt
Administration
160,000
60
160,000
60
100.000
20
133
133
41
160,193
160,193
100,061
Net Incoming (Outgoing)
resources for the year
(3,656)
(3,656) (38.479)
Transfer between Funds
Unr¢alis¢d gain/(loss)on Investments (3)
57,718
57,718
(34,281)
Net movement in Funds
54,062
54,062
(72,760)
Total Funds Brought Forward
1,130,856
142 1,130,997 1,203.757
Total Funds Carried Forward
1,184,918
142 1,185,059 1,130,997
The notes on pages 7 and 8 forni part of these accounts

BRISTOL BAPTIST FUND AND ELIZABETH AGITT CHARITY
BALANCE SHEET AS AT 31 AUGUST 2024
NOTES
2024
2023
FIXED ASSETS
Tangible Fixed Assets
Investments
1.214.013
1,214,013
1.171.755
1,171.755
CURRENT ASSETS
Deb￿rS
Cash at Bank
125.637
5,409
131,046
41.687
17,554
59.242
Creditors.. amounts falling due within
one year
(160.000)
( i 00.000)
Net Current Assets l (Liabilities)
(28.954)
(40.758)
Creditors: amounts falling due after
more than one year
Net Assets
1,185,059
1,130,997
FUNDS
Unrestricted - BBF
Restricted - EIi7Abeth Agilt
10
1,184.918
142
1.130.856
142
1,185,059
,130,997
Approved by the Board of Trustees on 4 June 2025 and signed on its behalf by .
Revd Dr P Morden
Trustee
The note5 on pages 7 and 8 fom part of these accounts

BRISTOL BAYfisT FUND AND ELIZABETH AGITh CHARITY
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024
I. ACCOUNTING POLICIES
Basis of Accountin
The financial statements have been prepared under the historical cost convention and in
accordance with applicable accounting sLindards. The Charities Act 201 l and th¢
SiaÉement of Recommended Practice. Accounting and Reporting by Charities, published
2014, applicable to chartties adopting Financial Reporting Standard FRSIO2.
2. TRUSTEES REMUNERATION
There was no remuneration paid to the Trustees durtng the year.
3. FIXED ASSET INVESTMENTS
The charity receives income from the portfolio held in a Custodian Trust by the West of England Baptist Trust Co (West) Lid
The market value as at 31 August 2024 was as follows:
BrewiD
Dolphin
Portfolio
Equili¢s and oth¢r Investments
Cash Deposits
,214,013
1,214,013
Market value at I September 2023
Dividend Income reinvested
Withdrawals from investments
Gain on revaluation
Market value at 31 August 2024
1,171,755
20.540
(36,000)
57,718
1314,013
4. GRANTMAKING
2024
2023
Grants made to Bristol Baptist College and its students
Grants made to Baptist Associations
Grants made to widows from the Eli7abeth Agitt Fund
80,000
80.000
50,000
50.000
160,000
i 00,000

NOTES'fo THE ACCOUNTS FOR THE YEAR EIWED 31 AiIGUST 2024
5. EMPLOYEES
Thc charity had no ¢wnployees during ihe period.
6. DEBTORS
2024
2023
Income due from Investmeni Portfolio
Proceeds from the sale of churches
32,172
93,465
41.687
12_Sth37
41,687
7. CASH AT BANK
2024
2023
Bristol Baptist Fund
EliLthth Agitt Charity
5.267
142
17,413
142
8. C.REDITOILS- amounts due within one year
2024
2023
Grants du¢ lo Bristol Baptist College and its students
(irants due io Baptist Associations
80.(M)O
80,￿)0
50.OIM)
50,000
160,000
100,uoo
C.RF.DITORS- #mounts due Ifter more ¢han one year
tklerred Income
9. R&.S'1'RIC.'TLD bllNDS
Bal*nce
Ruour¢e$
01.09.23 Ineoming Outgolng
B8lanc¢
31.08.24
F,li7.abeth A￿tt Charity
142
142
The r.li/.abeih Agyii Charity w&8 established in 1776 for the sole purpose of the payment
of wt5 10 ￿'rtain Elaplist Minisl¢rs' widows.
10. IINRF.STRICTF.D b"UNDS
2024
2023
Brislol Baptist Fund - Gcneral
1.184,918 1,130.856
1,184,918
1.1300
I I. ANALYSIS OF NET CIIRRENT ASSETS BETWEEN FIINDS
Net Current
Current
Assets /
Liabilitl¢5 (Liabilities)
Current
Ass¢ts
R¢5th¢1¢d- F.li7Jth¢th Agitt Ch8rity
Unrcstrict¢d - Bri5101 Baplisi Fund
142
142
130,904 {160,IXIO) (29,096)
131,046
{160.000)
(28,954)