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2024-12-31-accounts

Ashford Baptist Church Registered Charity Number:1130593 Annual Report and Financial Statements Year Ending 31sI December 2024

Reference and Administrative Details Registered Charity Number 1130593 Registered Address Ashford Baptist Church St John's Lane Ashford Kent TN23 IPS Ministers Rev. Rob Sylvester (Resigned 07107120241 Rev. Lorna Sylvester (Resigned 07107120241 Secretary Helen Wilson IRe-ELected 0110112024. Resigned 31112120241 Treasurer Jamie Phipps (Elected 25105120251. Vacant Before Deacons Joy Butcher (Elected 0110112024. Resigned 31112120241 Omole Ayeni IElected 01101120241 Quentin Ma IElected 0110112023, Resigned 30106120251 OLorunlemi Anu Akinola (Elected 0IID1120251 Corrine Hussain IElected 01101120251 Pieter-Hendrik Green IEle¢ted 01101120251 Stephen Ley IElected 01101120251 Chau Yuk Liu (Elected 01101120251 Peter Mellowship IElected 01101120251 Trustees The Ministers. Secretary, Treasurer and Deacons comprise the Trustees of the Church Property Trustees The Baptist Union Corporation Ltd. Baptist House 129 Broadway Didcot Oxfordshire OXI18RT Independent Examiner Katherine Reka FCCA Affinity Associates IAUI Ltd Suite A, First Floor Unit1 Eurogate Business Park Ashford Kent TN24 8XW PagÈ 2 of 20

Bankers HSBC Bank PLC 38 High Street Ashford Kent TN24 8TG Lloyds Bank 81 High Street Ashford Kent TN24 8SS Page 3 of 20

Annual Report for 2024 The Trustees present their Annual Report for 2024. Structure, Governance and Management Ashford Baptist Church is a registered charity. number1130593. and is governed by a constitution based on the Approved Governing Document for Baptist Churches.The constitution was adopted on 20th March 2008 and last amended on 61h july 2022. The Church is affiliated with the Baptist Union of Great Britain IBUGBI and the South Eastern Baptist Association ISEBAI. The Trustees comprise the Ministerlsl. Deacons and Of ficers (Secretary and Treasurer). Ministers. having been appointed by the church Members at a Special Church Members. meeting. are ex-officio trustees and are remunerated by the church. No other Trustees are remunerated. Trustees. with the exception of Ministers, are appointed from within the membership by a vote of the Members. in accordance with the Constitution. Collectively, the Trustees. being the leadership team of the church, are responsible for the day-to-day running of the church, its work and witness, and the financial and legal aspects of the charity. The Deacons, lor Trustees l Leadership Teaml meetings are typically held monthly in order to support a range of activities. This may include discerning God's direction for the church, overseeing church activities, discussing pastoral situations, maintaining the church's buildings, appointing staf f, points of administration, and financial matters. Important decisions are referred to church Members, meetings. held at least four times per year. Church Members come together in these meetings to discern the will of God to make decisions on such matters as church membership applications, the appointment of ministers and other trustees, and other significant decisions relating to the church's life and mission. All members are encouraged to take an appropriate part in the spiritual and practical tasks involved in the furtherance of the charitable objective. Though the Constitution permits decisions to be made at Church meetings by appropriate majorities, the Church seeks to work by consensus wherever possibl& Objectlves and Acllvltles The principal purpose of the charity is the advancement of the Christian faith according to the principles of the Baptist denomination to include the advancement of community service and such other general charitable purposes in such parts of the United Kingdom and the world as the Church shall determine. To achieve the principal objective, 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 living Lord. Central to the work and witness of the Church is the provision of regular public services of Christian worship. These services take place each Sunday at10:30, There are also occasionaL services at other times which are advertised through church notices, the website at www.ashfordba tist.or and various social media channels. Page 4 of 20

There is a full children's programme during the morning services. The church seeks to be a friendly and welcoming community, and anybody is free to attend any of these services. The Church runs a series of 'life groups. for the growth of faith and discipleship in the homes of some members, and f urther details of these can be obtained f rom the Trustees on request, or at the Sunday services of worship. From time to time the Church runs courses and activities often focussing on particular demographics, to support members of the congregation in discipleship or support the local community. In particular. a dynamic and engaging programme of children's. youth and family fellowship activities are provided to heLp all those involved with the church grow in community and laith. We are blessed to enjoy the fellowship or a broad range of nationalities who make our congregation richer. Our established Napali community continues to meet on Sunday afternoons for worship as well as meeting regularly with the wider Napali fellowship in Kent. SimilarLy our congregation at Boughton ChapeL continues to meet monthly. comprising a committed and consistent community. The Church takes the safeguarding of our community serious and operates systems to ensure that all people working with children and vulnerable adults are appropriately vetted by the Oisclosure and Barring Service. The Church has read the Charity Commission guidance on public benefit and is satisfied that the activities outlined above clearly demonstrate that the charity is providing a benefit to the public. Achlevements and Performan¢e The Church does not measure the success of its programmes only in numbers, including financial numbers, but also in Less tangible areas like fellowship and encouragement. The Trustees recognise that these are difficult to measure but believe that 2024 was a positive year in the life of the church, and that it will be able to pursue its mission purposes in 2025 with renewed enthusiasm. Four people were baptised during the year and we rejoiced in the dedication of two children. Attendance at Sunday morning services and other weekly activities remains strong and comprises a wide range of nationalities and ages. Financial Review The Church continues to raise the funds which it needs to carry on its activities from within its own membership and congregation. No wider public appeal was made for funds during the year. Income in 2024 decreased to £145,658 from £154,618 in the previous year, a result of a general reduction in the level of giving. The most significant expenses for the year related to ministerial stipends and the costs of the two staf f workers employed by the church. Collectively the ministers and staff workers act as key roles in the coordination and leadership of the Church, providing teaching, practical and pastoral support, as well as equipping and encouraging the membership in their life, Christian witness and service. Page 5 of 20

The Church expressed its part in the life of the wider church by making grants totalling £24.181 to local, national and international Christian organisations and missionaries with Christian aims and objectives compatible with the church's own charitable purpose. The Church is heavily dependent on its membership working as volunteers in all aspects of the Church's activities. many of which run with little or no impact on the church's expenditure. but nevertheless contribute substantially to the achievement of the church's objectives. Total expenditure increased f rom £184.140 to £188.718. primarily due to increases in staff costs. Improvements in buildings and facilities made up a signif icant f urther component of expenditure. The f inancial results lor the year. together with a summary of the accounting policies adopted are set out in the accompanying financial statements. The Church is a participating employer within the Defined Benefit section of the Baptist Pension Scheme and has been making ongoing deficit payments ol £1 per month to cover the costs of past service of its staff within the scheme. The church has no plan to leave the scheme and expects to continue to make payments to the scheme in line with the recovery plan. Reserves Pollcy The Trustees have established a Reserves Policy to enable the church to function effectiveLy and meet its obligations in the event of a decline in our income or a major cost. Having considered the relevant risks of changes in income and expenditure, the Trustees have determined that the appropriate level of reserves is £30,000. As at 31 December 2024, the church held reserves of £150.642, representing the unrestricted funds available for use. The Annual Report and Financial Statements were approved by the Trustees at their meeting on14" October 2025. Signed on behalf of the Trustees by Jamie Phipps, Treasurer 14 October 2025 Page 6 of 20

ASHFORD BAPTIST CHURCH

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

Note Unrestricted
Funds
£
Income and Endowments From
Donations and Legacies
3
111,883
Investments
4
2,663
Charitable Activities
-
Other Trading Activities
5
8,855
Other
6
3,707
Total Income
127,108
Expenditure
Raising Funds
7
-
Charitable Activities
8
156,670
Other
9
456
Total Expenditure
157,127
Net Income / (Expenditure)
Before Gains and Losses on
Investments
(30,019)
Net Gains / (Losses) on
Investments
-
Net Income / (Expenditure) for
the Year
(30,019)
Transfers Between Funds
14
Transfers In
-
Transfers Out
-
Other Recognised Gains /
(Losses)
Gains / (Losses) on Investment
Assets
-
Net Gains on Revaluation of
Fixed Assets
-
Actuarial Gains / (Losses) on
Defined Benefit Pension
Schemes
-
Net Movement in Funds
(30,019)
Reconciliation of Funds
Total Funds Brought Forward
181,936
Total Funds Carried Forward
151,918		 Designated
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Restricted
Endowment
Funds
Funds
£
£
11,984
-
1,936
-
-
-
3,723
-
907
-
18,549
-
-
-
31,591
-
-
-
31,591
-
(13,042)
-
-
-
(13,042)
-
-
-
-
-
-
-
-
-
-
-
(13,042)
-
118,219
-
105,178
-		 2024
Total
£
123,867
4,599
-
12,578
4,613
145,658
-
188,261
456
188,718
(43,060)
-
(43,060)
-
-
-
-
-
(43,060)
300,155
257,095		 2023
Total
£
142,240
5,377
-
7,001
-
154,618
-
183,201
939
184,140
(29,522)
-
(29,522)
1,141
(1,641)
-
-
-
(30,022)
330,177
300,155

Page 7 of 20

ASHFORD BAPTIST CHURCH

BALANCE SHEET AS AT 31 DECEMBER 2024

Note
Fixed Assets
Tangible Fixed Assets
16
Investments
Current Assets
Stocks
Debtors
17
Investments
Cash at Bank and In-Hand
18
Current Liabilities
Creditors: Amounts Falling Due Within One
Year
19
Net Current Assets
Total Assets Less Current Liabilities
Creditors: Amounts Falling Due After More
Than One Year
20
Net Assets Excluding Pension Liability
Defined Benefit Pension Scheme
Asset or Liability
Total Net Assets or Liabilities
Represented By
Endowment Funds
Restricted Funds
21
Designated Funds
Unrestricted Funds
Total Charity Funds		 £
£
1,277
-
1,277
-
6,889
-
249,455
256,343
525
525
255,819
257,095
-
257,095
-
-
257,095
-
105,178
-
151,918
257,095
2024		 £
£
1,723
-
1,723
-
7,984
-
290,499
298,483
50
50
298,433
300,155
-
300,155
-
-
300,155
-
118,219
-
181,936
300,155
2023

The notes on pages 9 to 19 form an integral part of these accounts. These accounts were approved by the Trustees on 14th October 2025 and signed on their behalf by

Jamie Phipps

Stephen Ley

Deacon

Treasurer

Page 8 of 20

ASHFORD BAPTIST CHURCH

NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2024

1 BASIS OF PREPARATION

The accounts are prepared in accordance with the, Charities Statement of Recommended Practice (Charities SORP 2019), FRS102 and with the Charities Act 2011.

Ashford Baptist Church is a registered charity, no. 1130593 and meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognized at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

2 ACCOUNTING POLICIES

a Income Recognition

All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

b Donations

Donations are accounted for gross when received. Fixed asset gifts in kind are recognized when receivable and are included at fair value.

c Legacies

Legacies are accounted for when probate has been completed, the amount of the legacy can be reliably quantified and the conditions of the legacy are within the control of the church.

d Investment Income

Investment income is included in the accounts in the year in which it is receivable.

e Expenditure Recognition

All expenditure is accounted for on an accruals basis. Expenditure is recognized where there is a legal or constructive obligation to make payments to third parties, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

f Costs of Raising Funds

The Church does not make formal appeals for funds, and expenditure on these items is therefore not material.

g Grants Payable

The Church makes grants to other organisations whose charitable objects complement its work. They are accounted for when the recipient has been notified of the grant and payment is unconditional.

h Support Costs

Support costs are those that assist the work of the church but do not directly represent charitable activities and include office costs and governance cost. Where support costs cannot be directly attributed to particular headings they have been allocated to the cost of raising funds and expenditure on charitable activities on a basis consistent with the use of resources. This represents direct expenditure on the governance of the church. Most of the management is carried out without charge by volunteers. This intangible cost is not included in the Statement of Financial Activities since there is no measurable cost to the volunteers for their service.

Page 9 of 20

ASHFORD BAPTIST CHURCH

NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2024

i Fixed Assets

Tangible fixed assets are capitalised if they can be used for more than one year and cost at least £1,000. They are initially recognised at cost, or for donated assets, at a reasonable estimate of their value on receipt.

The Church owns freehold property at Station Road / St John's Lane, Ashford; the manse at 23 Magazine Road, Ashford; and leasehold land and buildings at Boughton Aluph Chapel. The original value of the buildings and costs of improvements on them until 2024 have not been included in the Balance Sheet because, in the opinion of the Trustees, the costs of professionally valuing these assets to include a value in the accounts outweighs the benefits to the users of the accounts. For reference however, the insurance values of the properties are £3.9m (Station Road), £1.0m (Manse) and £0.3m (Boughton Chapel), totalling £5.2m.

j Depreciation

Depreciation is provided on fixed assets, to write off the cost over their expected useful life, at the following rates:

Motor Vehicles 20% Straight-Line Basis Fixtures, Fittings and Equipment 15% on Written Down Value Computers and Equipment 33.3% Straight-Line Basis

The church buildings and manse properties are not subject to depreciation as the intention is to maintain the buildings in such good repair that they continue to have an indeterminate useful life and the residual value of the properties is such that any change would be immaterial.

k Investment Assets

Investments are initially stated at cost. Subsequently they are measured at fair value with changes recognized in the Statement of Financial Activities if the shares are publicly traded or their fair value can otherwise be measured reliably. All other investment assets are shown at cost less impairment.

l Funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the trustees for specific purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for specific purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Endowment funds represent those assets which must be held permanently by the charity. The church currently does not have any endowment funds.

m Employee Benefits

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as an expense when they are due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in an independently administered fund.

Prior to 2012 pension provision was made through multi-employer defined benefit pension plans. Where it is not possible for the charity to obtain sufficient information to enable it to account for a plan as a defined benefit plan, it accounts for the plan as a defined contribution plan.

Where the plan is, or was in deficit and where the charity has agreed, with the plan, to participate in a deficit funding arrangement, the charity recognises a liability for this obligation. The amount recognised is the net present value of the contributions payable under the agreement that relate to the deficit. The unwinding of the discount is recognised as a finance cost and any other change in the measurement of this liability is expensed to the Statement of Financial Activities.

Page 10 of 20

ASHFORD BAPTIST CHURCH

NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2024

3 DONATIONS AND LEGACIES

Donations and Legacies
Offerings
Gift Aid
Gift Days
Legacies
Total
4
INVESTMENT INCOME
Investment Income
Bank Interest
Rent Received
Income from Other Investments
Total
5
OTHER TRADING ACTIVITIES
Lettings
Fund-Raising Activities
Total
6
OTHER INCOME
Other Income
Other Income
Total
7
RAISING FUNDS
Expenditure on Raising Funds
Total
Income from Other Trading Activities		 Unrestricted
91,206
20,677
-
-
111,883
Unrestricted
2,663
-
-
2,663
Unrestricted
2,730
6,125
8,855
Unrestricted
3,707
3,707
Unrestricted
-		 Restricted
10,713
546
725
-
11,984
Restricted
1,936
-
-
1,936
Restricted
1,650
2,073
3,723
Restricted
907
907
Restricted
-		 2024
101,919
21,224
725
-
123,867
2024
4,599
-
-
4,599
2024
4,380
8,198
12,578
2024
4,613
4,613
2024
-		 2023
100,975
22,856
18,409
-
142,240
2023
5,377
-
-
5,377
2023
2,860
4,141
7,001
2023
-
-
2023
-

Page 11 of 20

ASHFORD BAPTIST CHURCH

NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2024

8 CHARITABLE ACTIVITIES

Charitable Activities
Ministry and Mission
Other
Total		 Unrestricted
84,338
-
84,338		 Restricted
9,670
19,896
29,566		 Allocation of
Support
Costs
61,370
12,988
74,358		 2024
155,378
32,884
188,261		 2023
183,201
-
183,201

A breakdown of support Allocation of Support Costs is included in Note 10. This includes £2,025 expenditure of restricted funds. A breakdown between Direct Charitable Activities and grants payable to others is included in Note 11. Detail of the grants payable is provided in Note 12.

Ministry and Mission includes expenditure on the primary charitable activities of the church, Other comprises charitable expenditure relating to associated activities where it is useful to identify expenditure separately.

9 OTHER EXPENDITURE

Other Expenditure
Depreciation
Independent Examination
Pension Defiiciency
Total
10
SUPPORT COSTS
Support Costs
Staff Costs
Administration
Training
Buildings
Utilities and Services
Repairs and Maintenance
Vehicles
Other Costs
Other Support Costs
Total		 Unrestricted
446
-
10
456
Unrestricted
8,877
7,579
2,585
32,136
18,404
2,387
364
72,332		 Restricted
-
-
-
-
Restricted
-
-
-
1,677
278
-
70
2,025		 2024
446
-
10
456
2024
8,877
7,579
2,585
33,813
18,682
2,387
434
74,358		 2023
927
-
12
939
2023
5,158
9,338
3,576
34,971
20,395
2,745
1,895
78,078

Page 12 of 20

ASHFORD BAPTIST CHURCH

NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2024

11 EXPENDITURE

Direct
Charitable
Expenditure
Ministy and Mission
69,827
Other
19,896
Total
89,722
12
GRANTS PAYABLE
Unrestricted
Grants Payable
BUGB Home Mission
5,552
BMS World Mission
5,552
Frizelle
3,600
Mission Aviation Fellowship
-
Wilson
-
Other (Gifts of £1,000 or less)
200
Total
14,904
13
NET INCOME FOR THE YEAR
Net income for the year is stated after charing / (crediting)
Independent Examiners' Remuneration
Other Services
Loss / (Gain) on Disposal of Fixed Assets
Total		 Grants Payable
24,181
-
24,181
Restricted
-
-
5,748
1,295
-
2,234
9,277		 Allocated
Support Costs
61,370
12,988
74,358
2024
5,552
5,552
9,348
1,295
-
2,434
24,181
2024
-
-
-
-		 Total
155,378
32,884
188,261
2023
6,332
6,332
8,896
-
3,503
3,745
28,808
2023
-
-
-
-

Page 13 of 20

ASHFORD BAPTIST CHURCH

NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2024

14
TRANSFERS BETWEEN FUNDS
RF1 Wilson
RF2 Frizelle
RF3 Lite Bite
RF4 Coffee Morning
RF5 Luncheon Club
RF6 Fellowship Fund
RF7 Other Mission Giving
RF8 Gift Days
RF10 Boughton Chapel
RF11 Boys Brigade
RF13 Youth Camp
RF14 Brook Chapel Fund
Unrestricted Funds
Total
15
STAFF COSTS AND TRUSTEES EXPENSES
Staff Costs and Trustees Expenses
Stipends and Salaries
Employer's National Insurance
NI Allowance
Pension Costs
Council Tax and Utilities
Travel Expenses
Total
The average number of employees during the year was
Transfers Between Funds		 -
-
-
-
2024
3
66,105
3,518
545
6,176
3,828
(3,828)
55,866
-
-
-
-
-
-
2024
-
-
-
-		 -
1,641
(1,141)
-
2023
-
-
3
75,741
5,515
1,482
6,955
4,452
(4,452)
61,789
-
-
-
2023
(500)
-
-
-
-

No employee received total emoluments in excess of £60,000 furing the year.

A number of trustees and related parties were reimbursed for expenses incurred wholly and exclusively for the charitable activities of the church. Such expenditure is not disclosed.

The Ministers act as church trustees in accordance with the Constitution and received remuneration of £26,396 and other benefits in respect of their services as Ministers, including the provision of manse accommodation owned by the church.

Page 14 of 20

ASHFORD BAPTIST CHURCH

NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2024

The Church pays pension contributions for the Ministers to the defined contribution section of the Baptist Pension Scheme. For service up to 2012, the Scheme provided benefits on a defined benefit basis. The scheme is a multi-employer scheme, and it is not possible to identify the assets and liabilities of the defined benefit section which are attributed to the church. Therefore, in accordance with FRS102 Section 28, the scheme is accounted for as a defined contribution scheme.

16 TANGIBLE FIXED ASSETS

Tangible Fixed Assets
Cost
01 January 2024
Additions
Disposals
31 December 2024
Depreciation
01 January 2024
Charge for the Year
On Disposals
31 December 2024
Net Book Value
01 January 2024
31 December 2024		 Vehicles
18,991
-
-
18,991
(18,991)
-
-
(18,991)
-
-		 Fixtures,
Fittings and
Equipment
43,158
-
-
43,158
(41,656)
(225)
-
(41,881)
1,502
1,277		 Computer
Equipment
7,010
-
(1,324)
5,686
(6,789)
(221)
1,324
(5,686)
221
-		 Total
69,159
-
(1,324)
67,835
(67,436)
(446)
1,324
(66,558)
1,723
1,277

All of the fixed assets are used for direct charitable purposes.

17 DEBTORS

Debtors
Gift Aid
Other Accrued Income
Prepayments and Other Debtors
31 December		 1,403
6,889
485
5,001
2024		 3,240
7,984
-
4,744
2023

Page 15 of 20

ASHFORD BAPTIST CHURCH

NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2024

18
BANK AND CASH BALANCES
Bank and Cash Balances
HSBC Current Account
HSBC Savings Account
Lloyds Savings Account
Boughton HSBC Account
Boys Brigade Account
Girls Brigade Account
Youth Camp Account
Brook Chapel Fund
Unbanked Donations
Petty Cash
Total
19
CREDITORS - AMOUNTS FALLING DUE WITHIN ONE YEAR
Creditors - Amounts Falling Due Within One Year
Loans and Overdrafts
Other Creditors
Accruals and Deferred Income
Total
20
CREDITORS - AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Creditors Amounts Falling Due After More Than One Year
Loans
Total
-
-
2024
525
525
-
-
2024
249,455
40
84,788
-
-
-
7,959
30,000
3,513
1,889
2024
121,265		 -
-
2023
50
-
50
-
2023
290,499
40
97,716
196
-
-
4,588
30,000
1,035
3,304
2023
153,618

Page 16 of 20

ASHFORD BAPTIST CHURCH

NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2024

21 RESTRICTED FUNDS

Restricted Funds
Wilson
Frizelle
Lite Bite
Coffee Morning
Lunch Club
Fellowship Fund
Other Mission
Gift Days
Boughton
Boys Brigade
Girls Brigade
Youth Camp
Brook Chapel Fund
Total		 01 January
2024
-
-
912
3,557
4,013
1,543
405
16,939
4,693
3,304
-
-
82,853
118,219		 Incoming
Resources
-
5,748
-
110
10
1,545
581
200
6,346
2,073
-
-
1,936
18,549		 Resources
Expended
-
(5,748)
(52)
-
(161)
(1,813)
(946)
(16,408)
(2,975)
(3,488)
-
-
-
(31,591)		 Gains and
Loses
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Transfers
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 31 December
2024
-
-
860
3,667
3,863
1,276
40
732
8,064
1,889
-
-
84,788
105,178

Purpose of the Restricted Funds

Wilson Fund to support overseas mission work through individual. Frizelle Fund to support overseas mission work through individual. Lite Bite Elderly support activity fund. Coffee Morning Elderly support activity fund. Lunch Club Elderly support activity fund. Fellowship Fund Fund to meet ad-hoc pastoral support needs. Other Mission Other mission giving activity fund. Gift Days Speacialist fundraising, generally for facilities upgrades. Boughton Fund for the work of Boughton Chapel. Boys Brigade Girls Brigade Former Girls Brigade fund for children and youth work - now closed. Youth Camp Brook Chapel Fund

Transactional fund for children and youth work through the Boys Brigade and Girls Association. Former Girls Brigade fund for children and youth work - now closed. Fund to support youth work through annual youth camp activity - now closed. Fund held folloing closure of Brook Chapel to support development of church buildings.

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ASHFORD BAPTIST CHURCH

NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2024

Restricted Funds
Wilson
Frizelle
Lite Bite
Coffee Morning
Lunch Club
Fellowship Fund
Other Mission
Gift Days
Boughton
Boys Brigade
Girls Brigade
Youth Camp
Brook Chapel Fund
Total
22
ANALYSIS OF NET ASSETS
Analysis of Net Assets
Restricted Funds per Note 21
Unrestricted Funds
Total		 Fixed Assets
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Fixed Assets
-
1,277
1,277		 Investments
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Investments
-
-
-		 Net Current
Assets
-
-
860
3,667
3,863
1,276
40
732
8,064
1,889
-
-
84,788
105,178
Net Current
Assets
105,178
150,641
255,819		 Total
-
-
860
3,667
3,863
1,276
40
732
8,064
1,889
-
-
84,788
105,178
Total
105,178
151,918
257,095

Page 18 of 20

ASHFORD BAPTIST CHURCH

NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2024

23 PENSIONS

The Church is a participating employer the Baptist Pension Scheme (“the Scheme”), which is a separate legal entity administered by the Pension Trustee (Baptist Pension Trust Limited). The Scheme, previously known as the Baptist Ministers Pension Fund, started in 1925. At the beginning of the financial year, the scheme comprised of a defined benefits scheme which was closed to future accrual on 31 December 2011 and a defined contribution plan which was opened in January 2012.The assets of the Scheme are held separately from those of the Employer and the other participating employers.

For the current financial year, the pension provision for members of the Scheme is being made through the Defined Contribution (DC) Plan. In general, members pay 8% of their Pensionable Income and employers pay 6% of members’ Pensionable Income into individual pension accounts, which are operated and managed on behalf of the Pension Trustee by Broadstone Corporate Benefits Ltd. In addition, the employer pays a further 4% of Pensionable Income to cover Death in Service Benefits, administration costs, and an associated insurance policy which provides income protection for Scheme members if they are unable to work due to long-term incapacity. This income protection policy has been insured 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 also pay a total of 5%.

In October 2024, the insurance company Just Group completed a buy out of the liabilities of the closed defined benefit scheme. From that date any remaining liability 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 ceased from that date. Administration of the closed defined benefit scheme transferred from the pension trustees to Just Group from that date.

The Ministers and staff workers are eligible to join the Scheme.

Section 28.11A of FRS 102 requires agreed deficit recovery payments to be recognised as a liability. The present value of the agreed deficit contributions were immaterial at the beginning of the financial year and were fully extinguished once buy out was completed by Just Group in October 2024.

24 RELATED CHARITIES

The custodian Trustee of the church is the Baptist Union Corporation Limited which is charity number 249635, and which is controlled by the Baptist Union Council. The church is also a member of the Baptist Union of Great Britain, and the (state) Baptist Association.

There were no transactions between the church and its related charities during the year.

In October 2024, the insurance company Just Group completed a buy out of the liabilities of the closed defined benefit scheme. From that date any remaining liability 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 ceased from that date. Administration of the closed defined benefit scheme transferred from the pension trustees to Just Group from that date.

The Ministers and staff workers are eligible to join the Scheme.

Section 28.11A of FRS 102 requires agreed deficit recovery payments to be recognised as a liability. The present value of the agreed deficit contributions were immaterial at the beginning of the financial year and were fully extinguished once buy out was completed by Just Group in October 2024.

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ASHFORD BAPTIST CHURCH

INDEPENDENT EXAMINER'S REPORT

(Registered Charity No. 1130593)

Report of the Independent Examiner(s) to the Trustees of Ashford Baptist Church On the Accounts for the year ended 31 December 2024

Respective Responsibilities of the Trustees and Examiner

The Church’s Trustees are responsible for the preparation of the accounts. The church’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of Independent Examiner's Statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the church and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not 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’ view and the report is limited to those matters set out in the statement below.

Independent Examiner's Statement

In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:

I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed Name Katherine Reka FCCA Address Affinity Associates (AU) Ltd Suite A, First Floor Unit 1 Eurogate Business Park Ashford Kent TN24 8XW

Date 14th October 2025

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