REGISTERED CHARITY NUMBER: 1126891
Report of the Trustees and
Financial Statements for the Year Ended
31 December 2024
for
WALTON BAPTIST CHURCH

WALTON BAPTIST CHURCH
Contents ofthe Financial Statements
for the Year Ended 31 December 2024
Page
Report of the Trustees
Ito4
Independent Examiner'5 Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
8t017

WALTON BAPTIST CHURCH
Report of the Trustees
for the Year Ended 31 December 2024
The trustees present their report with the financial Statements of the charity for the year ended
31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities:
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January
20151.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1126891
Principal address
Walton Baptist Church
Winchester Road
Walton on Thames
Surrey
KT12 2RG
Trustees
Yvonne Anderson
Joan Fairhurst
Andrew Hodge
Robert Hart
Ruth Harvey
Phil Wigley
Appointed
Resigned
16th February 2025
Il, May 2025
Appointed
16th February 2025
Independent examiner
A J Bennewith FCA, FCPA, FFA, FFTA, FIPA, DChA, FRSA
Upper Ground Floor
18 Farnham Road
Guildford, Surrey
GUI 4XA
Treasurer
Phil Wigley FCCA
Holding Trustees
The London Baptist Property Board, 235 Sh3fte5bury Avenue, London WC2H 8EP act as Holding Trustees of
the fixed assets of Walton Baptist Church.
Page I

WALTON BAPT15T CHURCH
Report of the Trustees
for the Year Ended 31 December 2024
Aims and Objectives
The principal purpose of Walton Baptist Church 15 the advancement of the Christian faith in and around
Walton on Thames according to the Beliefs of the Church as laid down in our Constitution. The Church is a
member of both the Baptist Union of Great Britain and the London Baptist Association. In addition. the
Church has a history of sending members to the Christian mission field both within the UK and abroad.
Achievements and Performance
During the year the Charity was able to use its resources to contribute to a variety of causes and give grants
to several mission5. We were 3150 able to put significant resources into ministry work while taking care of
the maintenance and expenses required to keep the Church running.
Plans for the Future
The Charity plans to continue to carry out its objectives and activities under the current board of Trustees.
Membership
Mem ber5hip of Walton Baptist Church during the period of this report..
l January 2024
50
31 December 2024
52
Walton Baptist Church does not restrict its activities only to members, but welcomes all believers and
non-believers to its activities as part of its role within the community.
Baptism
During the period of this report, no people passed through the waters of baptism.
Artivities
In addition to Sunday Services there are many other activities held throughout the week, such as weekly
prayer meetings, home group meetings held in peoples, homes, a weekly lunch for the elderly, Israeli
dancing and ladies, activities.
We also host local community groups and activities during the week, including a sing and sign children's
group, Pilates classes and a children's dance school.
We are active member5 of the Walton Churches Working Together initiative, along with other churches in
the town.
Page 2

WALTON BAPTIST CHURCH
Report of the Trustees
for the Year Ended 31 December 2024
Structure. Governance & Management
The Charity is controlled by the Trustees
The Trustees consider that there are sufficient reserves.
considered and taken into account in future budgets.
All Trustees are appointed when necessary and are given sufficient training on appointment.
Any possible risks have been
Risk Management
The Trustee5 have a duty to identify and review the risks to which the Charity is exposed and to ensure
appropriate controls are in place to provide reasonable assurance against fraud and error.
Statement of Trustees Responsiblllties
Charity law requires the Trustees to prepare in respect of each financial year of the Charity a statement of
accounts complying with such requirements as to its form and content as may be prescribed by regulations
made by the Secretary of State. In preparing those financial 5tatementS, the Trustees are required to..
Select suitable accounting policies and then apply them consistently;
Make judgements and estimates that are reasonable and prudent,.
Prepare financial statements on the going concern basis unless it is inappropriate to presume that the
Charity will continue in business.
The Trustees are responsible for keeping proper accounting records which comply with reasonable accuracy
at any time with the financial position of the Charity and to enable them to ensure that the financial
statements comply with the Charitie5 Act 2011. They are also responsible for safeguarding the assets of
the Charity and hence taking reasonable steps for the prevention and detection of fraud.
Public Benefit
The Trustees believe that the Charity clearly meets the public benefit requirements of charity law. This is
demonstrated by the activities reported upon in this document in furtherance of the Charity's objectives,
which provide the opportunity for social interaction, pastoral and practical support and engagement with
the local community.
The Trustees confirm that they have referred to the Charity Commissioll'5 general guidance on public
benefit when reviewing the objectives and activities in forward planning for our organisation, and it is the
judgement of the Trustees that the above objectives fully meet the public benefit test.
Page 3

WALTON BAPTIST CHURCH
Report of the Trustees
for the Year Ended 31 December 2024
Flnance
Walton Baptist Church is entirely self-financing. We believe in tithing and offerings to be part of our worship
and distribute 10 per cent of our income to other charities and worthy causes both within the UK and abroad as
described in the accompanying Statement of Financial Activities.
The results for the year are as set out in the annexed Statement of Financial Activities.
General Reserves Policv
The General Reserve is to enable the church to continue to operate even when unexpected changes occur
in its income or expenditure.
In keeping with Charity Commission and Baptist Union guidance, the Church
aims to maintain a General Reserve of 25% of its budgeted annual income, or 6 months budgeted staff and
housing costs, whichever is the greater. This may be increased to take account of potential risks relating to
ncome security.
It 15 important that the General Reserve is maintained at the appropriate level at the beginning of each
financial year. Therefore, if it falls below the agreed level, urgent steps should be taken to rectify this.
The General Reserve should be the first of any transfers to reserves that take place at the end of the year.
2024 Reserves Statement
In line with the General Reservos Policy the following are the calculations for the General Reserve as at the
End of Year 2024
Budgeted Income for 2025
£87,100
£21,775
Standard month staff & housing costs £4,242
£25,452
The 2025 budgets include an allowance for a new Minister and reduced manse rental income, however at
the time of signin8 the accounts the Trustees do not anticipate making any Staffing appointments before
the end of the year. The Trustees understand that a significant proportion of the Church's income comes
from people over 70 and have therefore decided to maintain the general reserve at 50Yo over a quarter of
the budgeted income to take accou nt of this, giving a General Reserve for 2025 of £32,663.
ON BEHALF OF THE MANAGING TRUSTEES:
Phil Wigley
Trustee
Page 4

Independent Examiner's Report to the Trustees of
WALTON BAPT15T CHURCH
I report to the charity trustees on my examination of the accounts of the Walton Baptist Church (the Tru5tl
for the year ended 31 December 2024.
Responsibilities and basis of rèport
As the charity's trustees of the Trust YOU 8re responsible for the preparation of the accounts in accordance
with the requirements of the Charities Act 20111'the Act'l.
I report in respect of my examination of the Trusvs accounts carried out under sertion 145 of the Act and in
carrying out my exarrination I have followed all applicable Directions glven by the Charity Commission
under section 14515llbl of the Act.
Independènt Examinees Statement
I have completed my examinatio)n.
I confirm that no material matters have come to my attention in
connection with the examination giving me cause to belSeve that in any material respect..
accountin8 records were not kept in respect of the Trust as required by settion 130 of the Act; or
2. thè accounts do not accord with those records,. or
3. the accounts do not comply with the applicable requirements concerning the form and content of
accounts set out in the Charities IAccounts and Reports) Regulations 2008 other than any
requirement that the accounts give a true and fair view which 4£ not a matter considered as part of
an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Date..
ig ioL
A l Bennewith FCA,
FIPA, DChA, FRSA
Upper Ground Floor
18 Farnham Road
Guildford
Surrey, GUI 4XA
CPA, F
Page S

Walton Ba
tist Church
Statement of Financial Activities
for the Year Ended 31 December 2024
Notes
Unrestricted
Funds
Restricted
Funds
Total Funds
2024
Total Funds
2023
INCOME AND ENDOWMENTS FROM:
Donations and legacies
Tax refunds
Rent receiv6ble
Interest received
57,731
7,514
44,457
9,243
57,731
7,514
44,457
9,243
61,206
7,255
29,264
6,692
TOTAL
118,945
118,945
104,417
EXPENDITURE ON-
Ministry
Administration
Tithe payments
Outreach
Fellowship
158
60,935
7,775
3,274
689
158
1.608
66,041
10,820
2,080
60,935
7,775
3,274
689
13
TOTAL
72,831
72.831
80,549
NET INCOME/IEXPENDITUREI
46,114
46,114
23,868
TRANSFERS BETWEEN FUNDS
46,114
46.114
23,868
OTHER RECOGNISED GAINSIILOSSESI
Actuarial gain51llossesl on defined
benefit pension schemes
2,091
2.091
NET MOVEMENT IN FUNDS
48,205
48,205
23,868
RECONCILIATION OF FUNDS..
TOTAL FUNDS BROUGHT FORWARD
1,070,730
1,070,730
1,046,862
TOTAL FUNDS CARRIED FORWARD
1.118,935
1,118,935
1,070,730
The notes form part of these financial staterrents
Page 6

Walton Ba
tist Church
Balance Sheet
as at 31 Detember 2024
Unrestricted Restrirted Total Funds
Funds
Fund5
31.12.24
Total Fund5
31.12.23
Notes
FIXED ASSETS
Tattgible assets
807,750
807,750
807,750
807,750
816,835
816,835
CURRENT A55ETS
Debtors
Cash at bank and in hand
2.294
315,038
317,332
2,294
315,038
317,332
10,093
262,635
272,728
CURRENT LIABILITIES
Creditor5
6,147
6,147
6,147
6.147
18,833
18,833
NET CURRENT ASSETS
311,185
311,185
253,895
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,118,935
1.118,935
1,070.730
PROVISIONS FOR LIABILITIE5
AND CHARGES
NET ASSETS
1,118,935
1,118,935
1,070,730
FUNDS
Central fund5
Designated funds
1,103,925
15,010
1,103.925
15,010
1,060.151
10,579
1,118,935
1.118,935
1,070,730
The financial statements were approved by the board of Trustees on . ryl io 'JotsS
and were signed on its behalf bv..
Phll Wigle
Trustee
The notes form part of these financial statements
Page 7

WALTON BAPTIST CHURCH
Notes to the Financial Statements
for the Year Ended 31 December 2024
ACCOUNTING POLICIES
Basis of Preparing the Financial Statements
The financial statement5 of the charity, which is 6 public benefit entity under FRS 102. have been prepared in
accordance with the Charitie5 SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20151, Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" and
the Charitie5 Act 2011. The financial statements have been prepared under the historical cost convention.
Taxation
The charity is exempt from tax on its charitable activities.
Tangible Fixed Assets
The Church buildings are c8Pltalised at Cost and are not depreciated, as it is considered that the useful
economic life of the property Is so long that any depreciation charEe would have no material effect on the
accounts. Improvements to the Church building are written off over 20 years on a straight line ba5[5.
Income and Expenditure Recognition
Voluntary income is received in cash by way of donations and fundraising and is included in full in the
Statement of Financial Activlties as soon as it is received. Tax reclaimable in respect of Gift Aid is credited in
the period to which it relates. Expenditure is included on an accruals basis.
Value Added Tax
The Charity is not registered for VAT and all costs are inclusive of VAT.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purpose5 Wlthin the object5 of the charity.
Restrictions arise when specified L)y the donor or when funds are raised for particular restricted purposes.
Pension costs
The Church pays pension contributions for its eligible ministerial staff to the Baptist Ministers Pension Trust
Ltd, which is a final salary defined benefit scheme, which is not contracted out of the State Second Pension.
Further details on the pension scheme are set out in notes 8 and 11.
Page 8

Walton Ba
tist Church
Notes to the Financial Statements
for the Year Ended 31 December 2024
Anal sls of Incomin
Resources
2024
2023
Unrestricted Income
Gift Aid
General income including CAFS
Tax refunds
Interest received
Rent received
30,055
27,676
7,514
9,243
44,457
29,018
32,068
7,255
6,692
29,264
118,945
104,297
Designated Income
Designated gifts
120
120
Total Incoming Resource5
118,945
104,417
Administration Ex
enses
2024
2023
Salaries, speakers, fees & expenses
Maintenance of Church btJildinE
Gas, electricity & rates
Insurance
Repairs & renewals
Telephone & internet
Bank charges & subscriptions
Consultants, legal & professional fees
Independent Examiner's fee
Printing, postage, stationery & photocopying
Computer costs
Staff training
HoLJsekeeping, service costs & catering
anses maintenance c05t5
Depreciation to freehold building improvements
3,827
4,482
12,777
4,990
14,586
798
2,712
3.675
13,488
5,796
15,663
924
i i
1,390
503
1.320
350
4,410
1,336
2,864
1,440
256
480
203
1881
2,505
9,085
8.119
9,085
60,935
66,041
Page 9

Walton Ba
tist Church
Notes to the Financial Statement5
for the Year Ended 31 December 2024
Staff Costs
2024
2023
Gross wages
Employers National Insurance
Pension costs
Average number of employees
No employee received emolutnent5 in excess of £60,000 during the year ended 31 December 2024 nor
for the year ended 31 December 2023.
Tan
ible Fixed Assets
Church
Premises
Improvements
to Premises
Manses
Total
C05t
A5 at 1st January 2024
65,555
181,701 633,369
880,625
A5 at 31st December 2024
65,555
181.701 633,369
880,625
Depreciation
As at lstlanuary 2024
Charge for the year
63,790
9,085
63,790
9,085
As at 31st December 2024
72,875
72,875
Net Book Value
As at 31st December 2024
65,555
108,826 633,369
807,750
As at 31st December 2023
65,555
117,911 633,369
816,835
Page 10

Walton Ba
tist Church
Note5 to the Financial Statements
for the Year Ended 31 December 2024
Debtor5
2024
2023
Income tax recoverable
Other debtors & prepayment5
1,180
1,114
5,671
4,422
2,294
10,093
Creditors
2024
2023
Accrua15
6,147
18,833
6.147
18,833
Provisions For Liabilities and Char
es
Section 28 IIA of FRS 102 requires agreed deficit recovery payments to be reco8nised as a liability.
The movement in the provision is set out in the table below..
2024
2023
Balance sheet lièbility at year start
Minu5 deficiency contributions paid
Interest costs
Remaining Icreditl/charge to balance sheet liability"
2,091
12,0911
Balance sheet liability at year-end
Comprises any change in the agreed deficit recovery plan and change in assumptions between
vear-ends.
This liability represents the present value of the deficit contributions agreed as at the accounting date.
Page 11

Walton Ba
t15t Church
Note5 to the Financial Statements
for the Year Ended 31 December 2024
Movement in Funds
Brought
Forward
Incoming
Resource5
Resources
Expended
Attuarial
GainslLosses
Carried
Forward
Tran51er
Unrestricted Funds..
Centrèl funds
1,060,151
118.945
112.8951
164.3671
2,091
1,103,925
1.060,151
118,945
112.8951
164,3671
2,091
1,103,925
Restritted Funds..
Grants received
Designated Funds:
rithe Fund
Dpsignated gifts
Sabbatical Reserve
Fellowship Fund
5,348
1,042
4,189
11.895
17,7751
9,468
1,042
4,189
311
dl
1.0
16891
10,579
12,895
18,4641
15,010
Total Funds
1.070.730
118,945
172,8311
2,09L
1.118.935
Designated funds form part of the unrestricted funds of the churd) that have been set aside for a particular purpose
bythe trustees. The purpose of each fund is as follows..
al The church distributes IO% of its annual Income to other charities and worthy causes both in the UK and abroad.
bl Designated gift5 represent funds of thE church received and sÈt aside by thÈ trustees for specific charrtablÈ purposes.
cl The Sabbatical Reserve 15 set a51de to fund the periodic sabbaticals of ministers of the church.
dl The Fellowship Fund is a reserve 5Pt 35ide to support those tnember5 of the Church experiencin8finantial hardship.
io
rustee5' Remuneration and Related Pa
Transactions
During the year, the following amounts were paid to trustees in respett of remuneration-.
2024
2023
Stipend
PÈn5ion
In addltlon to the above, no trustees received any expense payments during rhe year12023.. £nill.
There were no related pattr transactions during the year other than those disclosed above12023.. fnill.
Page 12

Walton Ba
tist Church
Notes to the Financial Statements
for the Year Ended 31 December 2024
li
Pensions
The Church is an etnployer p3rticipatinE In a pension scherne known as the 8aptist Pension
Scheme I'the Scheme I, which is administered by the Pension Trustee (Baptist Pension Trust Lirnitedl.
The Scheme is a separate legal entity and the asset5 of the Scheme are held separately Irorn those of the
Employer and the other participating employers.
For any monrh, each participating ernployer in the Scherre pays contributions as set out in the
Schedule of Contributions in force at that time.
The Scheme is considered to be a multi-employer scheme as described in Settion 28 of FRS 102.
This 15 because it is not possible to attribute the Scheme's assets and liabilities to specific employers
and mean5 that contribLrtions are accounted lor as if the Scheme were a defined contribution
scheme. The pensions costs charged to the SOFA in the year are contributions payable towards
benefits and expenses accrued in that year. plus any impact of deficiency contributions (see belowl.
The Ministers are eligible to join the Scheme.
Since January 2012. pension provision ha5 been madÈ through the Defined Contribution IDCI
Plan within the Scheme. In general. Members pay 8'A of their Pensionable Income and employers
pay 6% of member5. Pensionable Income into Individual pension accounts, which are operated and
managed on behalf of the Pen510n Trustee by Broadstone Corporate Benefits Ltd. In addirion, the
employer pays a further 4'A of Pensionable Income to cover Death in Service 8enefits,
administration costs, and an associèted insurance policy which provide5 income protection for scheme
members in the event that they are unable to work due to long-term incapacity. This income protection
policy ha5 been insured by the Baptist Union of Great Britain with Aviva plc. Imembers of the Basic
Section pay reduced contributions of 5'h of Pensionable Income, and their employers also pay 3 total
of S'h). The further 4% contribution rate is reduced to 3°A for Employer contributions made to the
Segregated DC Arrangement.
Benefits in respect of service prior to l Janu3ry 2012 are provided through the Define(J Benefit
IDBI Plan within the Scheme. The main benefits for pre-2012 Service wore a defined benefit
pension of one eightieth of Final Minium Pensionable Income lor each year of Pensionable
Service, together with additional pen5i0n in respect of premiums paid on Pensionable Income in
excess of Minimum Pensionable Income. The Scheme, previously known as the Baptist Ministers.
Pension Fund, started In 1925, but was closed to future atcrual of defined benefit5 on 31 December
2011.
At the end of June 2022, the BPS si8ned an agreement with the insurance company Just Group to secure
members, pension benefit5 under the DB Plan. As a result, the Schewe no longer has a shortfall. A revised
statement of contribution5 wa5 announced ir? July 2022 with deficit contributions from each participating
employer in the DB Plan reducing to £1 per rnonth from August 2022. However, the participating employers
remain responsible for providing a share of any additional funds that the DB Plan May require in the future.
Page 13

Walton Ba
tist Church
Notes to the Financial Statements
for the Year Ended 31 December 2024
li
Pensions
continued
The key financial assumptions underlying the valuation were as follow5..
RPI price inflation assumption
CPI price inflation assumption
Minirnurn Pensionable Income increases (CPI plus 1.0% pal
3.20% pa
2.70% p
3.20% pa
Assumed investment returns
Pre-retirement
Post-retirement
2.95% p3
1.70% pa
Deferred pension increases
Pre April 2009
Post April 2009
3.20% pa
2.50% pa
Pension increases
Mèin Scheme pension
2.70% pa
Post-retirement mortality in accordance with 80% 01 the $3NFA and S3NMA tables, with allowance for
future improvements in mortality rates from 2013 in liTre with the CMI 2019 core projections, with a long
term annual rate of improvement of 1.75% for males and l.S°A lor females. with the core Smoothing
parameter and with additional initial rrorrality improvement factor A=0.5%.
In Ottober 2024, the insurance company Just Group completed 3 buy out of the Ilabilities of the closed
defined benefit scheme. From that date any remaining liability of the participating scheme rnembers
to the defined benefit scherne ceased 8nd the El per month deficit contributions payable by the participating
employers which were agreed in the recovery plan approved in August 2022 also ceased from that date.
Administration ol the closed defined benefit scherne trar)sferred from the pension trustee5 to Just Group
from that date.
Page 14

Walton Ba
tist Church
Notes to the Financial Statements
r Ended 31 Decem
r 2024
12
Com
aratives for the Statement ol Financial Activities
Notes
Unrestricted
Funds
Restritted
Funds
Total Fund5
2023
INCOME AND ENDOWMENTS FAOM:
Donations and legacies
Tax refunds
Rent received
Interest received
Grant5 received
61,206
7,255
29,264
G,692
61,206
7.255
29,264
6,692
TOTAL
104,417
104,417
EXPENDITURE ON..
Ministry
Administr8tlon
Tithe payments
Outreath
Designated gifts
1,608
66,041
10,820
2.080
1,608
66,041
10,820
2.080
13
13
TOTAL
80,549
80,549
NET INCOME/IEXPENDITUREI
23,868
23,868
TRANSFERS BETWEEN FUND5
23,868
23,868
OTHER RECOGNISED GAINSIILOSSESI
defined benefit pension schemes
NET MOVEMENT IN FUNDS
23,868
23,868
RECONCILIATION OF FVNDS..
TOTAL FUNDS BROUGHT FORWARD
1,046,262
1,046,862
TOTAL FUNDS CARRIED FORWARD
1.070,730
1,070.730
Page 15

Walton Ba
tist Church
Notes to the Financial Statements
for the Year Ended 31 December 2024
13
Missionar
Account and Outside Causes
Main Account
Tithe
Fund
Call to
Service
Designated
Gifts
2024
Total
2023
Total
Opening balance
Receipt5
Transfer
5,348
11,895
5,348
11,895
6,660
10.550
17,243
17,243
17.210
Payments
7,775
7,775
10,820
C105ing balance
9,468
9.468
6,390
Summary Missionary &
Society
Society Support
7,775
7,775
10,820
TOTAL
7,775
7,775
10,820
TOTAL DISTRIBUTION
Personallmissionary
7,775
7,775
10,820
Page 16

Walton Ba
tist Church
Notes to the Financial Statements
for the Year Ended 31 December 2024
MAIN ACCOUNT
13
Missiona
Account and Outside Causes
Continued
Societies and Other Causes
Tithe
Fund
Designated
Gifts
2024
Total
2023
Total
Auckland Christian youth hostel
Barnabas Fund
BMS Worldwide
Compasslon
Crisi5 UK
Faith Awareness in Children Trust
Father Heart Ministries
FEBA Radio
455
840
840
910
455
840
840
843
1,686
1,686
1,686
910
500
200
420
200
soo
200
420
200
843
Hope UK
Indonesia appeal
Jews For Jesus
Royal Britlsh Legion
Salvation Army
Walton & Hersham Foodbank
YWAM Su55ex
420
420
150
420
843
150
420
500
500
1,000
420
843
500
500
1.000
420
1,547
843
7.775
7.775
10,820
Page 17