BRISTOL BAPTIST FUND AND ELIZABETH AG1 CHARITY ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025
BRISTOL BAYfisT FUND AND ELIZABETH AGITT CHARITY GENERAL INFORMATIOIY REGISTERED CHARrrY NUMBER: 1125753 CHARITY SCHEME NUMBER: C107.707 Sealed 8th July 1927 DEED OF TRUST: 1717 CORRESPONDENCE ADDRESS: 7 Metford Road Redland Bristol BS6 7LA PRINCIPAL BANKERS: CAF Bank Ltd 25 Kings Hill AveDue Kings Hill Wesl Malling Kent ME19 4IQ INDEPENDENT EXAMINER: N.M. Rogers FCA
BRISTOL BAPTIST FUND AND ELIZABETH AG[ CHARITY TRUSTEES, ANNUAL REPORT ststu$ The Brisiol Baptist Fund was previously constituted on 8th July 1927, and the Elizabeth Agitt Charity on 20th November 1986. under herneS prepared by the Charity Commission. Both were registered as a combined charity with ihe Charity Commission with effect from 8 September 2008, under registraiion number 1125753. Gov¢rngnee attd Management The Trustees of boih the Bristol Baptist Fund and the Elizabeth Agitt Charity during the year to 31 August 2025 were: Revd M Smith Chairnian (trstgned 18 November 2024) Mr H Wilson Secrethry (resigned J l December 2024) Mrs R Hamblin Secretary (appointed O l January 2025) Mr C Bews Treasurer Revd N R Coles (resigned 31 Augusi 2025) Revd Dr P Morden Revd Carl Smethurst Revd Dr P Hatton (appointed 18 November 2024} Bristol Baptist Futtd - Objectiv08 And Attivitio8 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 Wilishire. and a150 to SUPPK)rt financially needy students of the Bristol Baplisi College as well as the College itself and its library. The Fund receives no grants frorn oulside bodie5, 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 (West) Lid &$ Custodian Trustee, and interest on BuildiTJg Society and savings accounts. Income is distributed in furtherance of the Trust objectives. Financial Review In the year to 31 Augusi 2025 the Fund received income of £64,821 from its investment )rtfolio. The iTb.vestrnent w)rtfolio showed an una]Ised loss of l.IP/o in the year in line with mosl investments. The Trustees agreed that due to financial pressure on the
beneficiaries of the fund the protK>sed grants should be kept at the same level as last year i.e. £160,000. This would mean drawing down some capital from the portfolio to enable granis of £80,000 for Bristol Baplist College and its studeni& and a further £40,000 each to both the West of England Baptl5t As50ciation (Webnet) and the South West Baptist Association for mission based placements. Statement of Policy on Reserves The Fund's principal assets comprise the investmeni portfolio and cash at bank. The ombination of income priKluced and capitsl growth from the portfolio are considered to be sufficient to enable the Charity's activities to continue for the foreseeable future. Statement of Inv¢stmeDt Policy The Fund follows an eihical inveslment policy in accordance with thc principles of the Baptist Denomination. 1.he BBI." '] rustees are responsible for ensuring thal the ethical investment policy is adhered to by the appointed Inveslment Managers at all times. This Ethical Investment Policy has b¢¢n 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 volalility of returns. compared io 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 slatements for each financial year which give a true and fair view of the Charity's financial activities during ihe 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 judgmenls and estimates that are re&sonable and prudent- state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements" and prepare the financial statements on the going-concern basis unless it is inappropriate to presume that the Charity will continue in operation.
The Trustees ar¢ responsible for keeping PToper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial staiements comply with the Chariiies Aci 2011. The Truslees are also responsible for safeguarding the assets of the Charity and hence for taking r¢asonable steps for the prevenlion and delection of fraud and other irregularities. Declaration The trustees declare thai they have approved the rerA)rt as sel out above. Revd Kathryn Morgan Chair of Trustees 30 March 2026
INDEPENDEI¥T EXAMtNER'S REPORT TO THE TRUSTEES OF THE BRl&iTOL BAPTIST FUND AND ELIZABETH AG1 CHARITY I rep)rt on the Finala] Statements of the Charity for the year ended 31 August 2025, which are set oul on pages 5 to 8. charity'5 trustees are responsible for thc preparation of the coUnts. Thc charity's trust$ Consider ihai an audit is not required for this year under section 144(2) of the Chariti&s Act 2011 (the 2011 Act) and ihat an independent exatllination is needed. li is my spOnsibl[1ty to: examine the accounts under sertion 145 of the 2011 ACL io follow pedUrtS laid down in the general Directions given by the Charity Commission under section 145(5Xb) of the 2011 Act. a1 to stale whether particular matters hav¢ wme to my attention. Basis of indepettdettt euminer's rep)rt My examination was ¢arried oui in accordance with t general Directions gyven by the Charity Commission. An examination includcs a rcvicw of thc accounting records kepi by the charity and a comparison of the accounts presented with those records. It also includc5 consideration of any unusual items or dis¢losures in the a¢¢ounts, and seeking explanations from you as trustees concerning any such matters. The w{Kedu$ WMkTtsken do provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a'true and fair Vie and the ]rport is limid w th( mattets sei out in the stalemenl below. Independent eLqminer's statemeDt In ¢onnedion with my ¢¥]natIO no mattLY has come to my attention: {1 ) which gives me reasonable caLL%e to lIeVe that in any ma*rial respect the ffquirements: to keep accounting rordS in accordance with section 130 of the 2011 Acl. and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met" or (2) lo which, in my Opinio attention should be drdwll in order to enable a proper undetstandin&' of thc accounts io be reached. N M RogeT5 FCA 27 May 2026 4a-
BRISTOL BAvfisT FUND AND ELIZABETH AGITT CHARITY STATEMENT OF FJf4ANCIAL AcfiviTIES FOR THE YEAR ENDED 31 AUGUST 2025 Unrestricled R¢s¢ricteil BBF GeAtrnl Fund ElrLabeth Agitt Cbarity INCOMING RESOURCES 2025 Total 2024 Totsl Investment Ponfolio Deposit Interest other ljvcume Pmceeds from the sale of Churches 64,821 64021 72 63,025 47 93.465 Total Illeomlng Resourees 64.894 64094 156.537 RESOURCES EXPENDED Grants- Bri5] Baptist Fund (Note 4) Bank Charges Grants- Elizabeth Agitt Adminisirdiion 160.(KK) 16O.(MM 160.000 60 133 133 133 Ifil.193 l(JO.193 160.193 Net lThcomiMg (OutgoiTrg) resource5 for the year (95299) {95299) (3.656) Transfer betwttn FUTMJS Unrealised gainl(10ss)on Investments (3) 7,917 7.917 57.718 Net movement in Funds (87,382) (87J82) 54,062 Totsl Funds Brough( Fonvard 1.184.918 142 1.185.059 1,130,997 Totsl Funds Carried Forward 1.097J36 142 1.097.678 1.185.059 The notes on pages 7 and 8 forni part of these ¥counts
BRISTOL BAPTIST FUND AND ELIZABETH AGTrr CHARrrY BALANCE SHEET AS AT31 AUGUST 2025 NOTES 2025 2024 FIXED ASSETS Tangible Fixed Assets Investments 1221,930 1.221,930 ,214,013 1.214,013 CURRENT ASSETS Debtors Cash at Bank 33.994 1.753 35.747 125,637 5,409 131.¢M6 Creditors.. amounts falling due withÈn one year (160,(KIO) (160,000) Net Current Assets l {Liabilities) (124253) (28.954) Creditors- amounts falling due after more than one year Net Assets 1,097,678 1,184,059 FUNDS U[eStricted- BBF Re5tricted- Elizabeth Agitt 10 1.097.5J6 142 .184,918 142 1,097,678 1.185.1159 Approved by the Board of TnleeS on 30 March 2026 and Sign on its behalf by.. Revd K Morgan Chair of Trn5tee5 The notes on pages 7 and 8 forn) part of these accounts
BRISTOL BA YfJsT FUND AI¥D ELIZABETH AGITT CHARITY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025 I. ACCOUNTIIYG POLICIES Basis of Accountin The financial statements have been prcpred under the historical CO convefftion and in accordance with applicable accounting stsndards, The Charitie5 Act 2011 and the Statement of Recommended Praciice. Accounttng ond ReFrfTrrting by Cljarities, published 2014, applicable io charities adopting Financial Reporting Stsndard FRS102. 2. TRUSTEES REMUNERATION There was no remuneralion paid to the Trustees during the year. 3. FIXED ASSET INVESTMENTS The charity receives incorne from the portfolio held in a Custodian Trust by th¢ West of EnglaThl Bapiist Trusi Co (West) Lrd The markd value as at 31 Augull 2025 was as follows: Brewi lknlphiD Portfolio Equities and other Investments Cash Deposi 1221.930 1321.930 Market value a I September 2024 Income reinvested Withdrdwals from inYesth]ents Los5 on revaluatio Markd value at 31 August 2025 1214.013 20.664 (12,747) 1221,930 4. GRAPmAKING 2025 2024 Grts made to Bristol Baptist College and its #ud¢nts Grants made to Baptist A$slatIOnS 80.(XM) 80.000 i60.0 80.000 80.000 I60.0
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGusf 21125 5. EMPinYEES The charity had no ploYeeS dwing th¢ Ftri(KL 6. DEBTORS 21124 InL0[ du¢ frotn Inve511llent Portfolio Proceeds fTOm the sale of churches 33.994 32.172 93.465 125.637 7. CASH AT BANK 1025 21124 Brisiol Bals1 Fund F.li7ab¥th Agitt Charity 1.612 142 5267 142 1.753 5809 8. CREDITORS- athou•ts doe within ome ye*r 2025 2024 Grants due Bristol Elapt15t College and its StTrts Gtsnis duc to Baptist Associations 80.0 80.( 80.( 160. l600 CREDITORS- gllliOUDts due after mor¢ th•m OME yar Deferr Incotne 9. RESTRicfED FUNDS 31.lJ8.25 F.liTAh Agill Charity l42 142 I'h¢ Eli7knh Agitt Charity w&% esthb1isi in 1776 IIK sole pUr0f th rAym¢nt of grants to ccr13in Baptist Ministers. 10. UNRESTRICfED FUNDS 2025 2024 Brisiol BaNist Fw- G¢wal 1.097.536 1,184,918 1,097J36 1,184,918 I I. ANALYSIS OF NET CURRENf ASSETSILIABILITILS BrnVEEN FUNDS N¢t Curmil Currcni Assets I Liabt1lti (Lthili¢i¢sl Curr1 Assets R¢strictcd- clirAIlh Agiti Charity IlnKstricl¢d- Brtstol Baptist Fund 142 35.{15 142 (Iw).IMJ)} 1124J951 JS747 1124353)