ley BAPTIST CHURCH Mutley Baptist Church Reports & Accounts Financial Year Ending 3111212025 Contents Legal & Admlnistrative Details Trustees Report Independent Examiners Report Receipt5 & Payments Statement Asset & Liability Statement Notes to the Accounts
Legal & Administrative Details Charty Name.. Mutley Baptist Church Charty Number.. 1127079 Charity Address: Mutley PlaSn Plymouth Devon PL4 6LB Twstees: Andrew Gaston Rev Nlcholas Lear Mark Bailey Tlmothy Burston Joyprad88p Nadimikerl Patrlck Allen (Reslgned 1410712025) David Ball Elspath Hemes (Appointed 0211112025) Mariatu Serry (Appointed 0110112026) Helen Menellly (Appointed 0110112026) Independent Examlner.. Ian Barrett FCA FCIE Barretts Chartered Accountants and Chartered Tax Advisers 22 Union Streét Newton Abbot TQ12 2JS
Trustees Report Objects of tho charliy Th8 charity is govemed by an Approved Governing Do¢um6ntvthich ststes that the principal purpose of the charity is thè advancement of the Christian faith according to the principles of the Baptist denominatlon to include the advancement of educabon, community service and such other general charitable purposes in SLKh parts of th8 United Kingdom and the world as the church shall determine. Mutley Baptlst Church {M8C) occupies premises which are held by the South Wesl Baptist Trust Corporation Ltd, on Trusts which 8r8 8ntlrely compauble wllh the above object. The Minister also occupie5 premises which are held by the Baptist Union Corporation Limited, on Trusts which are entirely compatible with the above object Summary of th• charlty's maln actlvllles and achl•vomenl8 To further the above objects and vlsion, tha charity's main activities and achievements were as follows.. Organ18atlonal Structur• and Doc181on•maklng proco8809: Members of MBC are accepted in accordance wlth the Approved Goveming Document which requires them to be or to have been publicly baptised on the professlon of fallh in Jesus Christ or, following other modes of baptism, to renew thelr public prof88sion of falth In Jesus Chrl8t. Mernbers, meetings nomially take place four times per year and the view of the members as expressed in the meeting under th8 guidance of the Holy Spirit determines the overall policy of the church. In accordance with the constitution. the members appoint Trustees who, together with the Minister, Church Secretary and Treasurer (collectively known as the Leadership Team) are responsible for the day to day running of the church's work and wltness, and the financial and legal asp8Cts of the charlty. All members are encouraged to lake an appropriat8 part In the 8plrltual and practical tasks involved In the furtherance of the charitable objective. Relevant matters may b8 submitted to the church meeting by the Trustees for guidance or may be ra15ed by members in church meeting for further consideration by the Trustees. Though the constitution permits decisions to be made at church meetings by appropriate majorities, the church seeks lo work by consensus wherever possible. The Trustees review their adherence to the seven principles listed in the Charity Governance Code on a regular basls. ObJ•ctlve8 and Activities: In order to achieve the principal objectlve, which is set out above, the church provides a variety of activities both to its membership and to the community generally. The aim is to show the love of Jesus Christ in both word and deed and to bring people into a closer relationship with Him as thelr Ilvlng Lord. Central to the work and witness of the churGh is the provlslon of regular public services of Christian worship. on Sundays at 10.00am and 6.00pm and with additional services at Easter and Christmas. Online broadcasting of the 10.00am Sunday service Ghanged from Zoom lo YouTube during 2025 and remains a way of allowing those unable to attend in person to participate. Ther8 is a full programme for children and young people during ihe 10.00am Sunday service, and also on Thursday evenings in dlfferent groups for 5-18 year olds. On most days durlng the week there a activities for children, for parents wllh bables and toddlers, and on Thursdays for families as a whole. wth
food and refreshments available at teatime. A summer hollday club and day trips are also off8r8d and prove very popular with kids and parents alike. Members of the church are activa participants In the operation of the Soup Run on Wednesday evening5 serving the homeless and street folk of the city of Plymouth, with numbers averaging around 90 during 2025. MBC also supply Street Pastors on Saturday evenings to give reassurance and assist where needed in the city's busy nightlife hotspots. On Thursday lunchtimes throughout the year the church's Main Hall and kitchen are Used for the Bigger Table, wher8 a hot drink and a meal are provided to the vulnerable, lonely and homeless, along with a wami welcome and a listening ear, and the opportunity for prayer if desired. Attendees can also purchase (for a nominal amount sum) a large bag of food items supplied locally through Fareshare. Throughout the year people wer8 able to seek financial and debt advice from PlyThouth Focus (who hav8 an office within the church) but due to dwindling manpower this servica is being wound down and closed al the end of March 2026. On Tuesday lunchlim8s The Cosy Comer operates as a Vlcom1ng warm space where th8 Lounge is open for people to pop in and receive a friendly welcom8. a hot drink and a bile to eat, and the opportunity to chat wlth others. It was initially introduced in late 2022 in response to the cost of living crisi6 and financially supported by Plymouth City Councll through the Govemment's Household Support Fund. Evening meetings are held each week in the homes of members In dlfferent parts of the city to 8nGourage and nurture growth in faith and discipleship. Again, the continued use of Zoom ha8 allowed peopl8 who can't physically atlend to slay involved and in touch. A Pastoral Team meets weekly to Cowordinate contact with the elderly. sick and lonaly m8mb8rs of the fellowship through hospital visits, home vislts, phone calls, emails and th8 sending of cards. The church continues to take the 188ue of safeguarding extremely seriously with regard to the children. young people and adults at risk that it Serv85. The Safeguarding Policy is regularly reviewed and updated as necessary and duly endorsed and adopted by the membership. Volunteers and leaders wanting to work with these groups are appropriately vetted by the Disclosure and Barring Service. MBC Is increasingly environmentally friendly and currently holds bronze status awarded by the A Rocha UK Eco Church project. It is an esteblished member of the Inclusive Church Network signifying that everyone is welcome here, part of the Plymouth Affiming Churches Together (PACT) umbrella group. and a participant and host in the Open Table Network, a multi4enominational group that m88ts onc8 a month. The church kllchen remains vital in supporting many of the activities provided and MBC holds a Lev815 Food Hygiene rating. Cleanllness standards are rArefully maintained and were proven in an unannounced spol check during the year by the Hygiene Inspector. Although prlmarily serving the needs of the l¢xal community in and around Mutley, the churth continues lo support a number of missionaries ov8rs8as. some financially and all prayerfully. In 2025 the church supported couples serving in Uganda, Chad. Madagascar, and Cambodia. Slgnlllcant events durlng 2025: On the staffing front. the Communily Pastor had indicated a desire some tima ago to take volunlary redundancy to allow her to focus her efforts on further developing the Green Space Community Hub on Mulley Plain. After a thorough consultatlon the request was granted. and, following Invaluable advice from the Baptist Union's HR Lead. the process went smoothly and her employment with MBC ceased on 30 November.
In April th8 church joined the Plymouth Latch On br8astteeding organisation and visitors are made aware that we are s8nsitiV8 and acwmmodaling to anyone wishing to feed their baby whilst on the pr8mis8s. Another innovation, supported by a local councillor, saw the hosting of a monlhly Repair Hub where people Can bring in broken items for assessment and fixing where possible. Towards the end of 2025 the church became a founding partlcipant in Project 58.7 initiated by Plymouth Access to Housing (PATH) and Transforming Plymouth Tog8ther (TPT), which supersedes the Severe Weather Emergency Protocol {SWEP) run by Plymouth City Council. The Main Hall is used to provide wannth and shelter on Friday and Saturday nights for those sleeping rough this winter. On the technical side. a new sound desk was purchased for the Sanctuary to replace the previous one that was becoming increasingly problem8tic, and cablès to the televisions and main screen were replaced with fibre HDMI ones to improve the quality of the Iransmission. With regards to the buildings, the Knibb Room and the Snug were both r8furbished, with plans for the Cary Room and the entrance area and toilets adjacent lo the Hurr611 Room in abeyance. Redificatlon work by steeplelacks was n88ded to the church roof to replace missing and slipped tiles due to storm damage in Octobar 2024 that resulted in $8V8r8 water ingress. The boiler in the Lodge broke down and because of its age and the non-availability of spare parts a n8w boiler was procured and fitted. Regular maintenance days wh8n people help out rernain vital in helping to keep the buildings and grounds clean. tidy and presentable. Constitution81 changes during 2025 saw a change from 'Elders' to 'Leadershlp Team, to better r8fl8Ct modem day parlance, a decision to make the holder of the role of Youlh, Children and Families Pastor a Trustee by vlrtue of their rola. and pemilssion to hold hybrid church m88tings th8t wlll allow those members unable to b8 physlcally present to officially participate and vote. At year end the church membership stood at 116. In planning the actlvilies, the trust88s have applied th8 guidance on public benefit 18su8d by the Chartty Commission. Flnanclal R•vloW Th8 Trustees are acutely aware that th8 Financial deficit of £45,000 shown in these Accounts represents a major shortfall against the Budget set for 2025. We had hoped that the sonificant Increase in church att8ndanc8 numbers seen during 2024 would translate into a healthy increase (c.£30,000) in our Offering (DonationslGift Ald) Income in 2025, bul this has not yel happened. In fact, our Offering Income f811 by £4,822 to £149,717 & this remains our most significant concérn moving forward since almost 75D/• of our total income still comes from this core source. However, the Trustees wish to re-assure all Interested parties that they have been actively monitoring the financial position during the year and that declsive action has been taken to aest the patlem of persistent deficits. Most significantly. the Trustees took the difficult decislon to accept a quest received from our long-serving Community Pastor to be considered for Voluntary Redundancy. This request was made during the summer and after a lengthy consultation and review period, the staff member con¢emed left the church's employment at the end of Novemb8r. This involved one-off exit costs of £13,000 In sPect of Statutory Redundancy & Holiday Pay which must be bome in mind when ass8ssing Ih818vel of deficil incurred for the year.
The Trustees wish to formally record thelr greal thanks to the departing stsff member who has worked tirelessly for the church for more than 16 years and for the way in which she has trained & equipped a great many volunt8ers who the Trustees believe to be capable of maintaining th8 cor8 community Outreach work (principally the Bigger Table & Cosy Comer projects) which she has set up & led for so many years. The Trustees are equally grateful Ihal she has offered to remain on hand locally to provide infon81 background support & advice and to help lead the 6pm Sunday evening services. Funds In Doflcli The church's Total Income actually rose by nearly £7,616 to £203,890 thanks to an increase of £7,274 Sn Room Hlre income and an increase of £2,407 in Interest Eamings following maturity of our first 12 Month Fixed Rat8 Bond. Th8S8 incr8ases matJe up for the fall of £4,822 in Donations & Gift Aid previously mentioned. Our total Slaffing Costs rose by £27.803 In 2025 to £137,858 due to the one-off Redundancy costs of £13,000 and the impact of the increase In the National Llvlng Wage together with an unavoidable increase In Employers, Pension contributions. Our other costs Were well controlled at £110,403 & actually fell by £6,695 compared to 2024. These costs included total sums of £20.173 gifted in support of outside Mission Outreach activities, both in the UK and ov8rs8as. This 18 In addition to the sums of £12,021 expended upon our own 3 local Mission Outreach prograrns. Bigger Table, Soup Run & Cosy Comer. Th8 ovérall total amount spent on Mission Outreach of £32,194 represents nearly 16% of the church's gross Income. which we feel Is conslstent with our objective of spreading gospel message In 8 splrlt of generoslty. NB, these figures exclude expenditure of almost £10,000 on local Outreach work undertaken by our Youth & Famlli88 team. If we adjust for the one-off Redundancy costs. the undertying annual deficit for 2025 can be seen as £32.000. whlch Is £1,817 more than the 2024 deficit of £30,183. The church made excellenl use of its rooms and buildings In 2025, increasing the Room Hlre Income generated & containing their maintenance & running cost8 very effectively. Particular recognition must be given to the hard work & commitment of all the staff members & volunteers who made this possible. Followlng the redundancy In late 2025, tot81 staffing costs are 8xpacted to reduce by mor8 than £35,000 in 2026 to £102,465. Allowing for known cost Increases and assuming a modest increase in Income from Donallons & Gift Aid. the Trustees have set a Budget for 2026 which suggests a much-reduced deficit of £5,000. Two areas have been Idenllfied as offering scope for increased inrne generation. Firstly, our local Mission Outreach work through Bigger Tablelsoup Run & Cosy Comer ran at a combined net cost lo the church of £7,600 in 2025. The Trustees & volunteers responsible are looking at various ways of increasing revenue either directly from some service users or from grants & fundraising. Secondly, the church owns a small residential property situated adjacent lo the rnain church premises. In recent years this has been let on below-market terms to a Third Party organisation providing Interim accommodation to vuln8rabl8 8dults on discounted rents. This arrangement has been costing the church more than £5,000 per annum rec8ntly but is sat to Come 10 8n end during the firsl half of 2026. No allowance has been made for increased income from 61ther of these sources when drafting the 2026 Budget to dat8. Consequently, the Trustees believe they have good grounds to expect that 2026 will finally see the church's finances brought back into balance.
In Aprll th8 church Jolned the Plymouth Latch On breastfeeding organisation and visitors are made aware that we are sensitive and accommodating to anyon8 wishing to feed thèir baby whilst on the premlses. Anothar Innovation, supported by a local councillor, saw the hosting of a monthly Repair Hub where people can bring in brok8n items for assessmenl and fixing where possible. Towards the end of 2025 the church became a founding participant in Project 58..7 initiat8d by Plymouth Acc8SS to Housing (PATH) and Transforming Plymouth Together (TPTI. which supersedes the Severe Weather Emergency Protocol (SWEP) run by Plymouth City Council. The Main Hall is used to provid6 warmth and shelter on Friday and Saturday nights for those sleeping rough this winter. On the technlcal side, a n8w sound desk was purchased for the SanctU8ry to replace the prevlous one that was becoming increasingly problematic, and cab18S to the televisions and main screen w8r8 replaced with fibre HDMI ones lo improve the quality of the transmission. With regards to the bulldings, the Knibb Room and the Snug were both refurbished. with plans for th8 Cary Room and the entrance are8 and toilets adjacent to the Hurrell Room in abeyance. Rectilicatlon work by steeplejacks was needed to the church roof lo replace missing and slipped tiles du8 to storm damage in October 2024 that resulled in severe water ingress. The boiler in the Lodge broke down and because of its age and the non-availablllty of spare parts a new boiler was pro¢Ud and fitted. Regular maintenance days when people help out remain vital in helping to keep the buildlngs and grounds clean, tidy and presentable. Constitutional chang88 durlng 2025 saw a change from 'Elders' to 'Leadership Team, to better reflect modern day parlance, a decision to make the holder of the role of Youth, Chlldren and Famllles Pastor 8 Tw8tee by vlrtue of thelr role, and pemilssion to hold hybrid church meetings that will allow those members unable to be physically pr8sent to offlclally partlclpale and vote. At year end the church m8mb8rship stood at 116. In planning the activities, the trustees have applied the guidance on public benefit 18SU8d by the Charity Commission. Flnanclal R•vl•w The Trustees are acutely aware that the Financial deficit of £45,000 shown in these Accounts represents a major shortfall against Ihe Budgel set for 2025. We had hoped that the significant Increase in church attendance numbers se8n during 2024 would translate Into a healthy inGrease {c.£30,000) in our Off8ring (DonationslGift Aid) Income in 2025, bul this has not yel happened. In fact. our Offering Income fell by £4.822 to £149,717 & this remains our most significant concern moving forward since almost 75Q/o of our total income still comes from this core sourc8. However, the Trustees wish to re-assure all interest8d part18S that they have been actively monitoring the flnancial Fosilion during the year and that decisive action has been taken lo arrest the patlem of persistent deficits. Most slgnificantly. the Trustees took the drfficult decision to accept a request received from our long-serving Community Pastor to be considered for Voluntary Redundancy. This request was made during ihe summer and after a lengthy consultation and view period, the staff member concemed left the church's 8mployment at th8 end of Novemb8r. This involved one-off exil costs of £13,000 in resp8ct of Statutory Redundancy & Holiday Pay which must be borne in mind when assessing the level of deficit incurred for the year.
The Trustees wish to formally record their great thanks to the departing staff member who has worked tirelessly for the church for more than 16 years and for the way in which she has trained & equipped a great many volunteers who the Trustees believe to b8 ¢apab18 of maintaining Ihe cor8 community outreach work (principally the Bigger Table & Cosy Comer project5) which she has sel up & led for so many years. The Trustees are equally grateful thal she has offered to remain on hand locally to provide infonnal bad(ground support & advice and to help lead the 6pm Sunday evening services. Fund8 In Deficlt The church's Total Incom8 actually rose by neady £7.616 to £203.890 thanks to an increase of £7,274 in Room Hire income and an increase of £2,407 in Interest Earnings following maturity of our first 12 Month Fixed Rate Bond. These Increases made up for the fall of £4.822 In Donations & Gift Aid previously mentioned. Our total Stsffing Costs rose by £27,803 in 2025 to £137,858 du8 to tha one-off Redundancy costs of £13,000 and the impact of the Increase in the National Living Wage together with an unavoidable increase in Employers, P8nsion contnbutions. Our other costs were y11 controlled at £110.403 & actually fell by £6,695 compared to 2024. Th888 costs Induded total sums of £20,173 gifted in support of outslde Mlssion Outreach activities, both In the UK and overseas. This is in addition to the sums of £12,021 expended upon our own 3 local Mission Outreach programs. Bigger Table, Soup Run & Cosy Comer. The overall total amount spent on Mission Outreach of £32,194 represents nearly 16% of the church's gross incom8. whlch we feel18 conslstent wlth our objectiv8 of spreadlng the gospel message in a spirit of generoslty. NB, these figures exclude expendlture of almost £10,000 on local Outreech work undertaken by our Youth & Familles team. If we adjust for the oneryoff Redundancy costs, th8 underlylng annual deficll for 2025 can be Seen as £32,000, which is £1.817 more than the 2024 deficit of £30,183. The church made excellent use of its rooms and buildings in 2025, increasing the Room Hire Income generated & containing their malntenance & running costs very eff8Ctively. Partlcular recognition must be given to ihe h8rd work & commitment of all the staff members & volunteers who made this possible. Following the redundancy in late 2025, total stafflng costs are expected to reduce by more than £35,000 in 2026 to £102,465. Allowing for known cost increases and assuming a modest Increase in Income from Donatlons & Gift Aid, tha Trustees have set a Budget for 2026 which suggests a much-reduced deficit of £5,000. Two areas have b88n id8nlified as offerirYJ scope for Increased income generallon. Flrslly, our local Mission Outreach work through Bigger Tablelsoup Run & Cosy Corn8r ran at a Combined nel cosl to the church of £7,600 in 2025. The Trustees & volunteers responsible are looking at various ways of increasing revenue either directly from some service user5 or from grants & fundraising. Secondly, the church owns a small residential property situated adjacent to the main church premises. In recent years this has been let on below-market terrns to a Third Party organisalion providing interim accommodalion lo vulnerdble adulls on discounted rents. This arrangement has been costing the church more than £5.000 per annum recently but is set to come to an end during th8 first half of 2026. No allowan has been made for Increased income from either of these sources when drafting the 2026 Budg8t to date. Consequently, the Truste8s believe they have good grounds to expect that 2026 will finally see the church's finances brought back into balance.
R•8orv•8 Policy The Trust88s remaln of the view that funds should only be held in Reserve for th6 spec5fic purpose of providing sufficient funds to ensure the ordèrly closure of the church (should this ever happen), which they believ8 would take pla over a 3 month period. The church makes relatively few purchases on credit terms, but funds n88d to be held to meet redundancy costs for our 4.1 FTE remaining staff & utllity Costs etc. Our rent Voluntary Redundancy costs were taken from mostly our long term res8rv8s. and our revised calculations suggest thal we will need to retain £70.000 during 2026 to continu8 to provide fully for these cosis. At the end of 2025 the church held £104,960 in Unrestricted Funds. With £11.918 Deslgnated to our Youth & Families work and £70,000 Designated as described above, this18av8s £23.042 of 'available funds" to meet the church's ongoing expenses and commitments. This represents around six weeks of typical church expenditure, and th8 Twstaes are therefore satisfied that the church romalns fully solvant and able to meet it8, obligallons as they fall due Slgnatur• Th18 report was approved by the twstees, and Is signad on their behalf by.. Name 6AILEY Slgnaiu 617/zo26
Independent Examiners Report I report to the trustees on my examination of the accounts of Mutley Baptist Church {'the chariti) for the year ended 3111212025. Ro8pon8lbllltlg8 and Ba818 of ROrt As the trustees of the charity you are responsible for the preparation of the accounts in accordan wlth the requirements of the Charities Act 2011 ('the 2011 Act'>. I report in respect of my examinatlon of the charlty's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I hav8 followed all tha applicable Oirections given by the Charity Commission under section 145(51(b) of th8 2011 Act. Indop•ndont Examlnerfs Statemont I have completed my examination. I confim that no material matters have come to my attention In connection with the ex8mlnatlon glvlng me cause to believe that in any material respect: 1. accounting r8cords wer8 not kept In accordance wlth sectlon 130 of the 2011 Act: or 2. the accounts do not accord with the accountlng records. I have no concems and have com6 across no other matters in connection wllh the examination to whlch attention should be drawn in order to enable a proper underst8nding of the 8ccounts to be reached. Indopgnd•nt Examlnor'8 D•tall• Name: Ian Barrett FCA FCIE Address: Barretts Chart8r8d Accountants and Chart8r8d Tax Advlsers 22 Union Street Newton Abl)ot TQ12 2JS Name SigngNJre Dale
Receipts & Payments Statement Enilowment R•¢trlpts Donaiions & Lp.q&cies tkrniions 122.741 123,341 126.315 ,OrftAhJ Chaitablè Actlv+tièS 28,370 26,376 28.222 gger T¥tye I 207 1,641 915 8.370 5.370 4,157 l Part 572 572 545 472 Lhthou 1.306 122Y Lfv• ¥Ylm Evtr 178 Muuty l Rthi¢•l Incom• Room Hlr• 4SS 2,QlO 31.184 31,184 23.910 p Run L%]nthr• 1,a47 1,847 30 Sw)Jry 31 31 130 1.174 720 & F•rnlll Trfw & A@MU••. You 261 TLKk 243 Wwm SyG• IrK 2.701 W•ddlwts Ar Youlh Gioupj 1.289 1,2 B•nk 4,374 4,374 1,907 Olhèr 1.40D 1,400 Cxher Incorn• ISQ 1,007 S17 Pym•n Admln 11,425 11,425 10.924 S8ry 57 57 18g•rTbl• BMS Ylorfd Ml•¥lpn 3,933 1.520 4452 6,481 2.300 1 2,300 3,10 bjlng klnien•rK• 4.773 4773 4,WS Bu11n• UUllJts. Inrn• dT 33,2 37,701 i Bwzy8e¢8 5.3 4,105 CM¥chBukth'no Cc4ts 7,702 CknanlryJ 1.061 Crynmunutloni 1.257 1.257 870 4nd P•rtes 1.OB7 1,087
H¢m8 Mis$Tr Ho8K41•11ty 822 KldscThwrh &Crer 67 Cosis 1,072 1,072 1,143 1.6J 1,8ZO 1.441 Llve V•lrni 214 214 Lod9•BLIW Co UaM•BulknD Co 193 uIN$try Boc4E Fund 15.573 15.5TJ lJ,7 urt ulloy S Offt• E¥pwM• PA9tor 153 163 70 Rourn Hlr• Co¥ 257 217 217 417 Soup Run 3272 2,934, 13T.061 131,CI1 106,U9 StAff EKp•rw 777 777 1.1e6 Sutcrtpllon¥ 300 322 1 92 81 &A¢VvW-Chl4r•n ITrtp &Ard¥lUes-Y(¥Ah 82T Tk l Ukrnlm ExtUr• Wum Spa¢• 3J 3S 3.297 J,297 76 75 |Youth Grvup R41•1Tr9 Fundi 712 712 Jcasavr Fva¥ InEom 209 224 00¥ornanc• Co414 | Go¥em Costs Support I Equipwl umabl•& 818 TrniniNJ 73Z 732 1.031 011 FLwd ASW Pur¢h•W& 3,313 Lo•ns Rop*hl Total yThta 240.570 8.242 24U.812 226.4)f8 l Rec¢5pts I p•onI1 FU Tran5fer5 In 22.541 22.548 9.423 FurTratern OUL 22.Y& 9,433 Net Movtynenl ofclsh Funds .42,S20 44,922 -30,183
Tot¥1 Cash Fu5 8ht Ford 147.480 7.943 156.423 186.607 Toial Ca$Th Funas Carried 104.knD 5,541 110.$01 155.423 Repr•s•nt•d By I P4uUty81pu61 rAnernl IUnr•8tlct•dl LpY BoO¥ichurch ErvJ¢wment IEndMnentl 65.St9 | 6S.619 123,921 8ipb81 Churth Deslpnaied IDealTr•tsd) Ythth CNldren •Trl Famlllu (unr11%¥1l 12,765 8ulldSws IUnr•alrfGtedl I kluW•y Bopii$i ChuKh R@#trlc*d IReJtrw•dl yth Chlldren Ind Famllijs F•8blctf•J ' IRWdct•Jl MBC1EQ IUnr•8tdd•dl 12,4tt1 12.4U>' 10.79 2,4S4 4,6oe 3.087 3,087 3,D87 15,0831
Asset & Liability Statement Cash Assets Endowmont ulley 84plst Gene81 (Unwricl IAyU•y 88pYsl ChUb 65.519 65.519 123.921 MuUty8aF418l chUh DB8lgn•J It19t•d> 12,765 BLlbJln91 IUnr•rkt¢dl 12.4eL) 12.460 10,794 Mu¥ey8•Os1 Churth 51[lad IReJtrkt•dl 2.454 2.454 yth CNhlMn 4r Fwnllles rnjltsied IR•BtrlGt•thl C15) (unro1•dl 3,067 3P87 3,087 15Cfj3 15, Other Monetary Assets Not•s Endowm•rtt Pilor Y•ar GfftAkJ 7,519 7,519 7.OB3 12,340 Investment A88ets Endowrnepl Prior Year Prop•ty Flxed Assets Endowm•nt Prlor YeAr L•nd & Bu11 456.3ee 454.481 u¢ & PA Eqpment 23.041 23.041 23,041 CompLrt•rn & IT 12,212 12,21Z 12,212 FurrtlL 11,230 11.23P 11,239 )ttyVehW•• Liabilitles Noi Unr¢sll*thd ReSlrlcled Endowm4nl Tol Pilw Y•ir 5 Out5tanOlng Penslon P•yTronl BU rnemortd Iu4n 21.834 21,B34 29.833 MRC Paymwts 754 751 8.120 420 Ex8mlNgll¢n Fee O Cr•JltorD 7,b 8.934
Slgnaturo These accounts have been approved by the trustees. and ar8 signed on their behalf ty. Nam8 ARE &AILEY Slwature Dale 61712026
Notes to the Accounts Accounting Policios The accounts have been prepared on a rec6iPts and payments basis and comprise a statement that shows the charitvs receipts and payments, a statement that summarises the charity's ass8ts and liabilities and related notes. General funds are unrestricted funds which are available for use at the discretSon of the trustees in furtharance of the general objectives of the charity. D8signated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors., they include donations received from appeals for specific activities or projects. Transactlons to Rolat•d Partl•8 Ther8 were no transactlons to related parties during the accounting p8riod Movemont of Funds FuThd N•m• aom• eKp•ndllUV• Fund Tmilw• Unréirlctsd M1&Y BAPllsi ehurch Gwwrll IUrmirtct•dl Yothh Chldmn v Fimiikts (Lknresfylctqdl 188.764 222,818 -22,548 65.519 12.78S 10.4e8 11,334. 8uldlry¥ IUrn•tykt•dl M8C1SO luntrldI 10.794 5.133 O.iVJ I 12.480 1.485 16.548 15,063 Muiley 81ptl Churc D•inolad 147.480 1YB.D.EO ?do.rJ70 Mutley B&pl1 ChUh RqlthdlRq8lrfcknd) 4.856 5.840 B.342 2.454 ytt ChlldMjTr•1 J,OB7 3.087 IReslrkledl 8.242 End09n1 Mulley BBpU51 Church EndoY+meni (Endowmenii Totsl
1 Basis of Accounts Basis of preparatlon The accounts have b68n prepared on a 'recelpts and payments, basis and in accordance with Section 133 Charities Act 2011 b Funds The church has established various funds as follows.. Unrnstrictgd funds Unrestricted funds are available for use at the dlscretlon of the trustees in furtherance of the general objectives of the chanty and which have not been deslgnated for other purposes. Endowment Thls comprlses the amount originally applied to the bulldlng of the church and assoclated building and to any contingent asset. This arnount is held a8 P8mianent C8Pital until detemiined otherwise by the Trustees with the approval of Ihe church members, meeting. Dewgnated Church members may de6ignate or undeslgnate a fund for a particular purp08e. The members have designated an amount for the purpose of holding a manse. Rgstricted Restricted funds are funds whlch are to be used in accordance with specific restrictions imposed by donors, or which have been r81sed by the charity for particular purposes. The cost of raising and administering such funds are charg8d against the specific fund. Th8 aim an(J us8 of each restricted fund is set out in the notes to th8 financial statem8nts. 2 Staff costs and transactions Wlth trustee8 2025 2024 Salaries and wages Social Security costs Pension costs 123,158 103,944 1.384 2..066 11,201 6,463 Other costs 3,993 4,628
The averag8 number of full-time equivalent employees was 4.5 (2024 4.5> No employees receiv8d emoluments in 8xcass of £60.000 during the year (2024 none). No sums were reimbursed to Trusi88s for their work as Trustees (2024 none). The total amount of donations ceiVed from trustees was £30,04012024 £28,665). One trustee provides maintenanc8 services. The total charged for time and materials amounts to £6,184. These invoices are approved by an ind8P8ndent truslee. 3 A88•ts held for church'8 own use The church is the beneficial owner (subl8Ct to thè relevant trusts) of the following assets. the legal tle to which is held by the church's cuslodian trust88 th8 Baptist Union Corporation Ltd. 2025 2024 Basis of valuatlon Church premises including Lodge Man88 Cost 62.616 61,731 Cost 366,282 366,282 Fixtures. fumlture and equlpment Cost 72,960 72.960 501,858 500,973 Church premises a insured for £11.553,015 and contents £424,386. Th8 Lodge for£262,091 and contents £25,000. The Manse for £601,720. 4 Long tsrm loan4 South West Baptisl Association Memorlal Fund loan for mansa 2025 £21.834 (2024 £23,833) The loan is interest free and repayable over 11 years at £2.000 per year. 5 Contlngont A88ets The church, M8C. holds a 64% share In a property at 55 Ker Street, being a Manse used by the members of Devonport Communlty Baptist Church I'DCBC,), upon the following conditions.. DCBC may, at its discretion, sell the Manse and invest the full proceed5 of sale into a new freehold or long leasehold property for use as an allemative manse or building for other DCBC purposes. Any such building purchased in future would be held on trust which reflecied the shares of the purchas8 price Provided frorn MBC. b. If DCBC aSeS to operate as a Baptist Church then the MBC share of the sale proceeds of the Manse or any substituted property will be held by South West Baptist Trust Corporation upon the
presant trusts applicable to them it b8ing the intention of MBC that these be used for church planting in Plymouth or elsewhere as agreed by the members of M8C. The beneficial interest In this property rests with DCBC unless and until the condition at b abov6 is satisfied. Accordingly, as this condition has not b8en satlsfied, it is nol practicable to reflect any financial effects in these statements. 6 Pen81on Schomo Llabllltle8 Where a church is an employer in a mulli-employer defined benefit schem8 such as The Baptist Pension Scheme and where they have agreed a deficit contribution funding plan. the insuranc8 company Just Group completed a buy out of the liabilities of the closed defined benefit scheme. From that date any remaining liabillty of the participating scheme members to defined benefit scheme ceased and the £1 per month deficit contributions payable by the participating employers which were agreed in the recovery plan approved in August 2022 also aSed from that dale. Administration of the closed defined benefit scheme transferred from tha pension trustees to Just Group from that dale, In October 2024 the insurance company Just Group completed a buy out of th8 liabilities of the closed defined ben8fit scheme. From that dale any remaining liability of the participating scheme members to the defined benefit sch8m8 ceased and th8 £1 per month deficlt contributions payable by th8 particlpating employers which was agreed in the recovery plan approved in August 2022 also ceased from that date. Administration of the closed defined benefft scheme transferred from the pension trustees to Just Group from that date. See wwrt.baptlsl.org.ukJpensions for more details. 7 Pen81on8 For th8 current flnancial year, the pensk)n provision for members of the Scheme is being made through the Defined Contribution (DCI Plan. In general. members pay 8% of th8ir Pensionable income into individual pension accounts, whlch a operated and managed on behalf of the Pension Trustee by Broadstone Corporate Benefits Limited. In addition, employers pay 6% of Ihelr Pensionable Income into individual pension accounts, which are operated and managed on behalf of the Penslon Trustee by Broadstone Corporate B8n8fits Limited. The employer pays a further 4% of Pensionable Income to cover Death in Service Benefits, administration costs and an assoclated Insurance policy which provides income protection for Scheme members if they are unable to work due to long tem incapacity. This income protection policy has been in5ur8d by the Baptist Union of Great Britain with Aviva Limited. Furthermore, members of the Basic Section pay reduced Contributions of 5% of Pensionable Income, and their employers pay a total of 5%. 8 R•latod charlt108 The Custodian trustee of the church is The Baptist Union Corporatlon Limited, charlty numbar 249635. The church is also a member of the B8Ptist Union of Great Britain, and the South West Baptist As$I8t10n. The church made donations to the Bapiist Union Mission and South West Baptist Association Home Mission Schemes of 2025 £6,000 (2024 £6,000)