**REGISTERED COMPANY NUMBER: 6129852**
## **REGISTERED CHARITY NUMBER: 1126260**
## **EMSWORTH BAPTIST CHURCH TRUST**
## **Report of the Trustees Unaudited Financial Statements**
## **(1[st] January 2024 to 31[st] December 2024)**
Registered Office: North Street, Emsworth, Hampshire, PO10 7BY
Financial Statements Independently Examined by – **Malcolm Paul Mead FCCA Peek & Co 1st Floor 119 High Street Selsey West Sussex PO20 0QB**
**Report of the Trustees**
**For the Period 1[st] January 2024 to 31[st] December 2024**
Page 1
09/05/2024
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing Document**
The Charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 1985.
Members of the Company are those individuals who are currently part of the leadership team of Emsworth Baptist Church. Each new member of that leadership team will be invited to become a member of the trust. Upon leaving the leadership team each person will stand down as a member of the trust.
The liability of members is limited to £1 in the event of a winding up.
## **Recruitment and appointment of new trustees**
New trustees will be sought as the need arises to broaden the expertise of the current board. It is desirable that any new trustees are sympathetic with the objectives of the trust and play a full role in the development of the activities in order that the objectives are realised in due course.
## **Induction and training of new trustees**
It is expected that new trustees will either be members of Emsworth Baptist Church or are members of another Christian church. Trustees will therefore understand and be sympathetic to the role of the trust. New trustees will be expected to attend services at Emsworth Baptist Church.
All trustees are expected to familiarise themselves with the legislation applicable to the trust and the responsibilities they have as trustees of a charitable company. They are given guidance as to regulations laid down by the Charity Commission and are encouraged to keep themselves up to date with new legislation and guidance as it is issued.
## **Organisational structure**
The trustees are the members of the Emsworth Baptist Church building Steering Group. This group was established to act on behalf of the leadership team and members of Emsworth Baptist Church to oversee and administer the affairs of the church buildings. The steering group is responsible to the ‘Church Leadership Team’ and to the ‘Church Members’ and provide reports on a periodic basis to both groups at both formal and informal meetings.
The Steering Group comprises of three Director; Simon Cargill (Joint Chair), Tim Holmes (Joint Chair), Nina Ware (Treasurer) who act as Trustees. In addition, Cliff Chisnall is an ordinary member of the Trust and sits on the Steering Group to advice on building matters.
The trust has received income during the year amounting to **£72,365** which was received in the form of voluntary donations, occasional fund-raising events and Gift Aid.
Page 2
09/05/2024
Annual expenditure amounted to **£4,035,** comprising of £4,000 in lieu of interest payable to the Southern Counties Baptist Association plus £35 for legal fees and administration costs. Tangible assets of **£1,637,022** are represented by the land and building costs which includes an amount of **£48,179** for annual depreciation.
Restricted fund balances at 31st December 2024 amount to **£1,531,526.**
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and Aims**
The object of the trust is to further the Christian religious and other charitable work of the Emsworth Baptist Church, including in particular the servicing of outstanding loans on the buildings and certain maintenance, repair and development of the fabric of the church buildings and associated property. The charitable objects are supported by the members and worshippers of Emsworth Baptist Church.
The aim of the trust is to develop with the members of Emsworth Baptist Church and the community of Emsworth in Hampshire a significant building in the town that is primarily a space of worship for all who live in and around Emsworth and for all those who may be visiting the area. The building continues to serve the community in a variety of ways including the provision of a large venue for performances and conferences and a range of social care and recreational facilities for the community.
## **Significant Activities**
The primary function of the steering group has been to administer repayments of on-going loans which were incurred for the construction of the new Church building which was completed in June 2015.
Following the construction of four log cabins in August 2023, which house the pastor’s office an administrations unit and two multipurpose youth facilities. A further storage container was purchased and installed on site to provide much needed extra storage facilities.
## **Funding Support**
In 2024 the Southern Counties Baptist Association loan was fully paid. Also, with significant funds raised from a Gift Day in November 2023, the Trust was able to repay in full the Church members cabin loans (£41,000).
Given this healthy financial status, it was decided to make an early start in repaying the remaining £200k Church Members loan which was contractually due to start in January 2025. By the year end the balance remaining on this loan was **£173,336.**
Unfortunately, this Church Member died in January 2025. But it is the families wish that the repayment of the loan should continue as arranged by the original agreement. It is expected that this can be achieved given the present level of giving support.
Page 3
09/05/2024
The trustees wish to acknowledge the continued support and goodwill efforts made by the members of Emsworth Baptist Church, and their generous contributions given in terms of money, time and effort. These are all greatly appreciated.
## **ACHIEVEMENT AND PERFORMANCE**
## **Fundraising Activities**
During the sixteen years of operation since inception, the Trust has continued to raise funds from the congregation of Emsworth Baptist Church through personal donations, regular standing orders and fund-raising events.
The cumulative amount raised by the Church at the end of 2024 totals **£2,343,972.**
The standing orders contribution level reduced over the year, averaging approximately £4,300 per month. These contributions are directed towards paying off the remaining loan.
## **PUBLIC BENEFIT STATEMENT**
It is the intention of all Trustees to give due regard to the guidance on public benefit published by the Charities Commission during the exercise of their powers and duties, and their belief that they have complied with such guidance during the period covered by the report.
On behalf of the Board:
……………………………………………………………………………..
R M Collison – Secretary
Date: …………………………………………………………………….
Page 4
09/05/2024
Registered number 06129852
## EMSWORTH BAPTIST CHURCH TRUST
## Report and Accounts
31 December 2024
**EMSWORTH BAPTIST CHURCH TRUST Registered number: 06129852 Directors' Report**
The directors present their report and accounts for the year ended 31 December 2024.
## **Limited by guarantee**
The company is limted by guarantee and as such does not have any share capital.
## **Charitable status**
The company is a registered charity, the registered number being 1126260.
## **Principal activities**
The company's principal activity during the year continued to be that of a charity to further the religious and other charitable work of the Emsworth Baptist Church, including the maintenance and repair of the fabric of the church buildings and other property.
## **Directors**
The following persons served as directors during the year:
T A Holmes S T Cargill N E Ware
## **Small company provisions**
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 10 July 2025 and signed on its behalf.
S T Cargill Director
1
## **EMSWORTH BAPTIST CHURCH TRUST Accountants' Report**
## **Accountants' report to the directors of EMSWORTH BAPTIST CHURCH TRUST**
You consider that the company is exempt from an audit for the year ended 31 December 2024. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Peek & Co Chartered Certified Accountants
1st Floor 119 High Street Selsey West Sussex PO20 0QB
10 July 2025
2
## **EMSWORTH BAPTIST CHURCH TRUST Income and Expenditure Account for the year ended 31 December 2024**
|**Notes**
**Voluntary income**
Charitable activities
**Operating income**
Interest receivable
Interest payable
**Income on ordinary activities before taxation**
Tax on income on ordinary activities
**Income for the financial year**|**2024**
**£**
72,365
(48,214)
24,151
62
(4,000)
20,213
-
20,213|**2023**
**£**
115,341
(50,834)|
|---|---|---|
|||64,507
1
(3,423)|
|||61,085
-|
|||61,085|
3
## **EMSWORTH BAPTIST CHURCH TRUST Registered number:** 06129852 **Balance Sheet as at 31 December 2024**
|**Notes**
**Fixed assets**
Tangible assets
2
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling due**
**within one year**
3
**Net current liabilities**
**Total assets less current**
**liabilities**
**Creditors: amounts falling due**
**after more than one year**
4
**Net assets**
**Funds**
Restricted funds
**Total funds**|**2024**
**£**
1,673,842
31,020
(39,996)
(8,976)
1,664,866
(133,340)
1,531,526
1,531,526
1,531,526|**2023**
**£**
1,719,831
36,482
(45,000)
(8,518)
1,711,313
(200,000)
1,511,313
1,511,313
1,511,313|**2023**
**£**
1,719,831
36,482
(45,000)
(8,518)
1,711,313
(200,000)
1,511,313
1,511,313
1,511,313|
|---|---|---|---|
|||||
||||1,711,313
(200,000)|
||||1,511,313|
||||1,511,313|
||||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
4
## **EMSWORTH BAPTIST CHURCH TRUST Statement of Changes in Equity for the year ended 31 December 2024**
|**At 1 January 2023**
Income for the financial year
**At 31 December 2023**
**At 1 January 2024**
Income for the financial year
**At 31 December 2024**|**Share**
**capital**
**£**
-
-
-
-|**Share**
**premium**
**£**
-
-
-
-|**Re-**
**valuation**
**reserve**
**£**
-
-
-
-|**Restricted**
**funds**
**£**
1,450,228
61,085
1,511,313
1,511,313
20,213
1,531,526|**Total**
**£**
1,450,228
61,085|
|---|---|---|---|---|---|
||||||1,511,313|
||||||1,511,313
20,213|
||||||1,531,526|
5
**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.
6
## **EMSWORTH BAPTIST CHURCH TRUST Notes to the Accounts for the year ended 31 December 2024**
## **2 Tangible fixed assets**
|**Land and**
**buildings**
**Plant and**
**machinery**
**etc**
**£**
**£**
**Cost**
At 1 January 2024
1,948,743
54,736
Additions
-
-
At 31 December 2024
1,948,743
54,736
**Depreciation**
At 1 January 2024
311,721
33,058
Charge for the year
38,975
2,168
At 31 December 2024
350,696
35,226
**Net book value**
At 31 December 2024
1,598,047
19,510
At 31 December 2023
1,637,022
21,678
**3**
**Creditors: amounts falling due within one year**
SCBA and Baptist Union loans
Short-term loans from members of the congregation
Other creditors
**4**
**Creditors: amounts falling due after one year**
Other creditors|**Cabins**
**£**
67,923
2,190
70,113
6,792
7,036
13,828
56,285
61,131
**2024**
**£**
-
-
39,996
39,996
**2024**
**£**
133,340|**Total**
**£**
2,071,402
2,190|
|---|---|---|
|||2,073,592|
|||351,571
48,179|
|||399,750|
|||1,673,842|
|||1,719,831|
|||**2023**
**£**
4,000
35,000
6,000|
|||45,000|
|||**2023**
**£**
200,000|
7
## **EMSWORTH BAPTIST CHURCH TRUST**
## **Notes to the Accounts for the year ended 31 December 2024**
## **5 Controlling party**
There is no controlling party, the company is limited by guarantee.
## **6 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
8
## **EMSWORTH BAPTIST CHURCH TRUST Detailed income and expenditure account for the year ended 31 December 2024**
|**Voluntary income**
Charitable activities
**Operating income**
Interest receivable
Interest payable
**Income before tax**|**2024**
**£**
72,365
(48,214)
24,151
62
(4,000)
20,213|**2023**
**£**
115,341
(50,834)|
|---|---|---|
|||64,507
1
(3,423)|
|||61,085|
9
## **EMSWORTH BAPTIST CHURCH TRUST**
## **Detailed income and expenditure account for the year ended 31 December 2024**
|**Volumntary income**
Donations
**Charitable activities**
Premises costs:
Rent of portacabins
Repairs and maintenance
General administrative expenses:
Depreciation
Charitable activities
Legal fees and administration costs|**2024**
**£**
72,365
-
-
-
48,179
48,179
35
35
48,214|**2023**
**£**
115,341|
|---|---|---|
|||2,191
224|
|||2,415|
|||48,175|
|||48,175|
|||244|
|||244|
||||
|||50,834|
10
Registered number 06129852
## EMSWORTH BAPTIST CHURCH TRUST
## Report and Accounts
31 December 2024
**EMSWORTH BAPTIST CHURCH TRUST Registered number: 06129852 Directors' Report**
The directors present their report and accounts for the year ended 31 December 2024.
## **Limited by guarantee**
The company is limted by guarantee and as such does not have any share capital.
## **Charitable status**
The company is a registered charity, the registered number being 1126260.
## **Principal activities**
The company's principal activity during the year continued to be that of a charity to further the religious and other charitable work of the Emsworth Baptist Church, including the maintenance and repair of the fabric of the church buildings and other property.
## **Directors**
The following persons served as directors during the year:
T A Holmes S T Cargill N E Ware
## **Small company provisions**
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 10 July 2025 and signed on its behalf.
S T Cargill Director
1
## **EMSWORTH BAPTIST CHURCH TRUST Accountants' Report**
## **Accountants' report to the directors of EMSWORTH BAPTIST CHURCH TRUST**
You consider that the company is exempt from an audit for the year ended 31 December 2024. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Peek & Co Chartered Certified Accountants
1st Floor 119 High Street Selsey West Sussex PO20 0QB
10 July 2025
2
## **EMSWORTH BAPTIST CHURCH TRUST Income and Expenditure Account for the year ended 31 December 2024**
|**Notes**
**Voluntary income**
Charitable activities
**Operating income**
Interest receivable
Interest payable
**Income on ordinary activities before taxation**
Tax on income on ordinary activities
**Income for the financial year**|**2024**
**£**
72,365
(48,214)
24,151
62
(4,000)
20,213
-
20,213|**2023**
**£**
115,341
(50,834)|
|---|---|---|
|||64,507
1
(3,423)|
|||61,085
-|
|||61,085|
3
## **EMSWORTH BAPTIST CHURCH TRUST Registered number:** 06129852 **Balance Sheet as at 31 December 2024**
|**Notes**
**Fixed assets**
Tangible assets
2
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling due**
**within one year**
3
**Net current liabilities**
**Total assets less current**
**liabilities**
**Creditors: amounts falling due**
**after more than one year**
4
**Net assets**
**Funds**
Restricted funds
**Total funds**|**2024**
**£**
1,673,842
31,020
(39,996)
(8,976)
1,664,866
(133,340)
1,531,526
1,531,526
1,531,526|**2023**
**£**
1,719,831
36,482
(45,000)
(8,518)
1,711,313
(200,000)
1,511,313
1,511,313
1,511,313|**2023**
**£**
1,719,831
36,482
(45,000)
(8,518)
1,711,313
(200,000)
1,511,313
1,511,313
1,511,313|
|---|---|---|---|
|||||
||||1,711,313
(200,000)|
||||1,511,313|
||||1,511,313|
||||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
4
## **EMSWORTH BAPTIST CHURCH TRUST Statement of Changes in Equity for the year ended 31 December 2024**
|**At 1 January 2023**
Income for the financial year
**At 31 December 2023**
**At 1 January 2024**
Income for the financial year
**At 31 December 2024**|**Share**
**capital**
**£**
-
-
-
-|**Share**
**premium**
**£**
-
-
-
-|**Re-**
**valuation**
**reserve**
**£**
-
-
-
-|**Restricted**
**funds**
**£**
1,450,228
61,085
1,511,313
1,511,313
20,213
1,531,526|**Total**
**£**
1,450,228
61,085|
|---|---|---|---|---|---|
||||||1,511,313|
||||||1,511,313
20,213|
||||||1,531,526|
5
**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.
6
## **EMSWORTH BAPTIST CHURCH TRUST Notes to the Accounts for the year ended 31 December 2024**
## **2 Tangible fixed assets**
|**Land and**
**buildings**
**Plant and**
**machinery**
**etc**
**£**
**£**
**Cost**
At 1 January 2024
1,948,743
54,736
Additions
-
-
At 31 December 2024
1,948,743
54,736
**Depreciation**
At 1 January 2024
311,721
33,058
Charge for the year
38,975
2,168
At 31 December 2024
350,696
35,226
**Net book value**
At 31 December 2024
1,598,047
19,510
At 31 December 2023
1,637,022
21,678
**3**
**Creditors: amounts falling due within one year**
SCBA and Baptist Union loans
Short-term loans from members of the congregation
Other creditors
**4**
**Creditors: amounts falling due after one year**
Other creditors|**Cabins**
**£**
67,923
2,190
70,113
6,792
7,036
13,828
56,285
61,131
**2024**
**£**
-
-
39,996
39,996
**2024**
**£**
133,340|**Total**
**£**
2,071,402
2,190|
|---|---|---|
|||2,073,592|
|||351,571
48,179|
|||399,750|
|||1,673,842|
|||1,719,831|
|||**2023**
**£**
4,000
35,000
6,000|
|||45,000|
|||**2023**
**£**
200,000|
7
## **EMSWORTH BAPTIST CHURCH TRUST**
## **Notes to the Accounts for the year ended 31 December 2024**
## **5 Controlling party**
There is no controlling party, the company is limited by guarantee.
## **6 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
8
## **EMSWORTH BAPTIST CHURCH TRUST Detailed income and expenditure account for the year ended 31 December 2024**
|**Voluntary income**
Charitable activities
**Operating income**
Interest receivable
Interest payable
**Income before tax**|**2024**
**£**
72,365
(48,214)
24,151
62
(4,000)
20,213|**2023**
**£**
115,341
(50,834)|
|---|---|---|
|||64,507
1
(3,423)|
|||61,085|
9
## **EMSWORTH BAPTIST CHURCH TRUST**
## **Detailed income and expenditure account for the year ended 31 December 2024**
|**Volumntary income**
Donations
**Charitable activities**
Premises costs:
Rent of portacabins
Repairs and maintenance
General administrative expenses:
Depreciation
Charitable activities
Legal fees and administration costs|**2024**
**£**
72,365
-
-
-
48,179
48,179
35
35
48,214|**2023**
**£**
115,341|
|---|---|---|
|||2,191
224|
|||2,415|
|||48,175|
|||48,175|
|||244|
|||244|
||||
|||50,834|
10