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 un￿a]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 Fina￿la] 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 p￿￿edUrtS laid down in the general Directions given by the Charity
Commission under section 145(5Xb) of the 2011 Act. a￿1
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 limi￿d 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 r￿ordS 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 Tn￿leeS 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. GRAP￿mAKING
2025
2024
Gr￿ts made to Bristol Baptist College and its #ud¢nts
Grants made to Baptist A$s￿latIOnS
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 Ba￿ls1 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 St￿￿Trts
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.liTA￿h Agill Charity
l42
142
I'h¢ Eli7knh Agitt Charity w&% esthb1isi￿ in 1776 IIK sole pUr￿0f 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
Curr￿1
Assets
R¢strictcd- clirAI￿lh Agiti Charity
IlnKstricl¢d- Brtstol Baptist Fund
142
35.{￿15
142
(Iw).IMJ)} 1124J951
JS747
1124353)