DOWNTON BAPTIST CHURCH Knowing Jesus Christ and makingi Him known REGISTERED CHARITY NUMBER 1131186 TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31st DECEMBER 2024 This report should be read in conjunction with the charity's accounts for the year ended 31° December 2024. Details of the structure, governance and management of the charity, and its administration deiails, a set out under the heading "Constitution and Administration" on page l of those accounts. Our Objectives: Sharing God's love in the local community through word and action. Being an inclusive. welcoming. worshipping community centred on the Holy Scrimure. Our Mission Statement is "Knowing Jesus Christ and making Him known" and we seek to encourage a faith journ¢y for all people, young and old. rcgardlcss of previous cxperience. Our work 15 co-ordinated and monitored by the elected Deacons. the Treasurer. and the two Ministers of the church. These individuals also function as the Charity Trustees. The Trust¢cs met on twelv¢ occasions ( I I manag¢mcnt meetings and I Vision Meeting) in 2024 to progress the work of the church which has grown as wc implement our 'Fonvard Vision,, There have also been four meetings for the membership of the church. including the AGM on the 24 March. There was one nomination for Iwo Deacons, vacancies and the election took place at the January Members, bringing the number of our Trustees to ten which includes our two ministers and tr¢asur¢r. One Deacon resigned in October, laking our Trustees lo nine. We work closcly with the church office, the worship group and the many volunteers who provide the church's activities. We are thankful for our fellow Chrisiians in our surrounding community and continue to share with them Ihrough the Downton Churches Together. Our Aetivities: Some key areas from our 'Forward vision, are highlighted below: Gathering around The TABLE for worship, prayei, bible study and fellowship. The LARDER where we supply free food, donated by the Ioc41 Community and local businesses to those in the local comrnunity who are in need and we are also a distribution cenire for Salisbury Food Bank. The WARDROBE where we share free clothing donated by the community. The GARDEN, a community gard¢n wh¢r¢ w¢ shar¢ chuich ouidoors producing fresh ve¥etables and providing outdoor fellowship for families; The KITCHEN where we offer a lunch to older people attending our Thursday Services and refreshments and a chat to pcoplc visiting The Larder and Th¢ Wardrob¢ also to wers att¢nth"ng our Playroom. In addition wc provided a Christmas dinner for visitors to our Larder. Young Peoples, Work The number of pKople attending our young pKoples' work on a Sunday morning especially of creche and primary age. has steadily grown throughout the year requiring more volunteers, We arc fortunatc to have a team of lively, enthusiastic volunteers. Their activities include
singing, bible teaching. dram garnes, stories, crafts and fund rdising. We have started a new weekday group for teenagers. Our aim is to ensure that the children enjoy being part of the church family. Playroom This Wednesday morning Toddler Church is for pre-school children and their carers. It gages with young church members. families and families who were not prcviously involved in church activities. There are activities for th¢ children and opportunities for the adults to tajk, share bible stories, pray and sing. En the warni summer months this group enjoyed being outdoors in the garden. Holiday Club This annual summer children's Activity event was held over 3 days at the end of July. It attracted mor¢ than 120 children of primary school and 25 secondary school age. It offered bible-based teaching, imaginative craft activities and energetic games plus joyful singing. It is inspiring to see church members of all ages working together to provide this ministry to the local community. Sehools work Our ministers and some church members are involved in two local schools, one primary and one secondary, leading worship, holding RE days in the church, acting as Governors. We beli¢vc this brings real benefit to our communities. One of our pastors also leads the local primary school's Worship Council. Other Outreach Work We support various charities. Some ar¢ local, such as Salisbury Street PtorS, Salisbury Food Bank and Downton4Family whil¢ others are abroad such as the Philippine Community Fund which supports families on the rubbish dump sites in Manila and a Pastor, We supported all of these throughout the year. Our buildings are used on a regular basis by several outside organisations. such as Guides and Brownies, RNID. Breast Feeding Advisors, Community Groups Fiv¢ groups meet regularly during the weck in the homes of individual Members for Bible study. prayer and sharing. These groups also play a part in pastoral care, an important part of our work. Tbe Care Homes Several of our church members lead servi¢¢s in our two local care homes. Ukrainians Some of our church members and attenders continue to work to support our families from Ukraine. This has been a rewarding service and has meant a lot to our guests. Summary It is clear from the above overview that our members are actively committed to furthering the objectives and the forward vision of the church. The number of people attending the church services each week has slowly increased over the year and the official membership has remained fairly stable over the year. The Sunday morning servicc is full of people of all ages
enjoying worship. teaching and fellowship and the Thursday morning service has been much enjoyed by our older age group. Our Sunday evening prayer services, The Inner Room. are welcomed by those who appr¢¢iate a quiet time of prayer. We hold an ENGINE ROOM once a month for worship. Our activities allow our ministers. trustees, members and many volunteers to reach outwards into the community of Downton and surrounding ar¢&s. The church website is www,downtonba tist.or The Trustees prayerfully and optimistically look forward to 2025. The accounts further demonstrate our faith in action and the Trustees believe that the net st asset position shown on the ba]ance sheet at 31 December 2024 provides a sound base from which to continue meeting our objectlves. The clwity's policy on reserves is set out in note 2 to the accounts. As required by section 4 of the Charities Act 2011. the Trustees have considered the guidance published by the Charity CommAssAon in respect of public benefit. They believe that the charity's objectives fall within the definition of charitabl¢ pury)oses in the Act and that the wide range of activities sct out above contributes to meeting those objectives. Naomi Lloyd-Jones Chairperson of Downton Baptist Church Trustres This report has been re iewed and approved by the trustee and is si their behalf by: Name Name Signature Signature Date Date
DOWNTON BAPTIST CHURCH REGISTERED CHARITY NUMBER 1131186 ACCOUNTS FOR THE YEAR ENDED 31st DECEMBER 2024 INDEX PAGE CONSTITUTION AND ADMINISTRATION STATEMENT OF FINANCIAL AcfiviTIES 2024 STATEMENT OF FINANCIAL AcfiviTIES 2023 BALANCE SHEET STATEMENT OF CASH FLOWS NOTES TO THE ACCOUNTS 6t015 TRUSTEES, APPROVAL 16 INDEPENDENT EXAMINER'S REPORT 17
DOWNTON BAPTIST CHURCH PAGE I CONSTITUTION AND ADMINISTRATION Downton Baptist Church is affiliated to the Baptist Union of Great Britain but operate5 in accordance wlth Its own constltution, which may only be changed by a two thirds majority of the members in general meeting. A church covenantwas estsblished In 1793 and re-affirmed annually. A new and updated church covenant was adopted in November 2000 and this is now re4ffirmed annually. The church registered as a charity (no. 1131186) from 18th August 2009 and is required to file its annual accounts and an annual trustees, reportwith the Charity Commission. The accounts have been prepared in accordance wlth the requlrements of The Charities Art 2011 and the Charities 50RP (FRS 102), uslng the accounting policies set out in note l. Under the term5 of the constitution the church has a 'shared leadership, that Is responslble for all aspects of the chuich's affairs, including spiritual matters, finance and admlnistration. The shared leadershlp tearn comprises the ministers, mlnistry team, deacons and treasurer, who collectively are regarded under trust and charity law as 'trustees'. As such, they are also responslble for revlewln8 and rnitigating any rlsks to which the church may be exposed. The following were 'charlty trustees. durlng 2024: Ministers Rev P J Rhoades Rev K M Ullyatt Ministry team None Deacons Dr M J Brueton Mrs D E Bugden Mrs S G Burr (until 9.10.241 Dr J M Hughes (untll 24.3.24) Mrs AJ Ivens-smith Mrs R Jarnes {from 24.3.24) Mr J E Klng luntll 24.3.24) Dr N M Lloyd-jones Mrs J M Stafford (from 24.3.24) Treasurer Mr l D Mltchell The church also has the following'holding trustees, who are responsible for holdin8 its property, to be used by the church as set out In a separate trust estsblished in 1813 Isee also note 9>: MrRDAvery Mrs t) C Jennings Mr l D Mitchell Mr M H Smith Holding trustees as such have no responsibility for the day to day running of the chur¢h although l D Mitchell is also treasurer, as set out above. The church's main bankers are CAF Bank of West Malling, Kent. The church also has funds on deposlt with Scottish Widows. Registered at: South Lane Downton Saltsbury W15tshlre SP5 3NA
DOWNTON BAPTIST CHURCH PAGE 2 ATEMENTOF FJNANCIALACYMTIES FOR THE YEAR ENDEO 31st DECEMBER 2024 2024 2(nJ TOTAL FUNDS Unre5tlcted Re5twlrte41 Mlnlbus funds ds nd Pewm•nertt endowment TOTAL FUNDS INCOME AND ENDOIVMENTS FROM.. Dlrert8t¥ln8 Oe*nated sfvl Tax recoverable uDderOft •ld Manse letthg Otherpremlses Income lThterest and dhldends Other Incorne 82.651 12.048 18,656 221 94.699 18.6 25,S04 1S,S25 5,390 4.526
,sos
87,8 5.979 20.660 13ffi90 4.072 4.262 9JH2 15.283 15,525 5.390 4,526 599 141.281 31,524 172.805 145.593 EXPENDtruRE ON.. Mln55terfal custs Prernlsts Olherexpensei Admlnlstr4llon Depredatlon of nxed as*ts Lossllprofltl on dlspoml of fimed auets Don•lknns poy•ble 61,454 42,313 7,045 22,129 61.454 42,313 15,021 22.129 61.(¥)4 45.716 14,508 21.130 3.895 7.976 io 314 14,150 11.5981 11,2841 31,947 18,797 19,279 150.909 26,773 11,598 176,084 165,532 19.6281 4.751 13.2791 119.9391 GAIN ON AEVALUATION OF INVESTMENTS li 2.783 2,783 10.370 TOTAL NEf IDEFicrryiNCOME 19,6281 4,751 1,598 2.783 14961 19,5691 TPANSFER BEYWEEN FUNDS L70) 11,7cKJI Rf DUCnON IN ACTUARIAL LIABILITY ON DEFINED BENEFIT PENSION SCHEME 19 NEfiAOVEMENT IN FUNDS 17,9201 4,751 1021 2.783 14881 19,569 TOTII FUND5 BAOUGHT FORWARD 150.893 1,281 102 123,215 275,491 285.060 TOT FUNDS CARFUED FORWARD 142.973 6,032 125,998 275,IX)3 275.491
DOWNTON BAPTIST CHURCH PAGE 3 ATEMENT OF FINANCIALACTIVITIES FOR THE YEAR ENDED 315t DECEMBER 2023 2023 TOTAL FUNDS UnresYrted Restrlcted MIDlbus funds funds fund Permanent endowment NOTE INCOME AND ENDOWMEt4T5 FROM.. Dlrettafvlng 83,628 4,262 5,979 306 87,89) 5,979 20.660 13.698 4.072 4.262 9,032 Tax C¥tble undergfft ald Manse lettln8 Otherwemlses Incorne Intttest and dfvldends Other Income 20.354 13,698 4,on 4,262 8,334 698 134,348 11,245 145.593 EXPENOITURE ON: MSTr1sterfj•l Costs Premlses Other eypenses Admlnlstr•iio Depreclation Donjtlons payable 61,LM)4 45,716 9.469 21.130 3.861 13.3 01,)4 45.716 14.508 21.130 3.895 19.279 5x139 34 5,979 154.480 11.018 34 165.S32 120,1321 127 1341 119.9391 GAIN ON REVAWAnoN OF INVESTMENTS li 10,370 10.370 TOTAL NEf IDEFICITIIINCOME 120,1321 227 1341 10,370 19,5691 REoucfioN IN ACTUARIAL LIABIlYoN DEFINED BENEFIT PEN510N XHEME 19 NET MOVEMEIITIN FUNDS 120,1321 227 1341 10.370 19,S69 TOTAL FUNDS BAOUGHT FORWARD 171.025 1,054 136 112,845 285,IW) TOTAL FUNDS CARRIED FORWARO 150.893 1,281 102 123,21S 275,491
DOWNTON BAPTIST CHURCH PAGE 5 STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31st DECEMBER 2024 2024 2023 CASH FLOWS FROM OPERATING AcnviTIES Net cash consumed by operating actlvltles (15,724) (11,470) CASH FLOWS FROM INVESTING ACTIVITIES Interest and divldends Purchase of tanglble fixed assets Sale of tanglble fixed assets Long temi pension deficit contrlbutlons 4,526 (8,3891 1,700 (ioi 4,262 11,571) 112) 12,1731 2,679 CHANGE IN CASH AND CASH EQUIVALENTS 117,897) 18,791) CASH AND CASH EQUIVALENTS at Istjanuary 2024 139,305 148,096 CASH AND CASH EQUIVALENTS at 31st December 2024 121,408 139,305 Cash and cash equivalents are 'cash at bank and In hand, as shown in note 13. RECONCILIATION OF NET INCOME TO NEf CASH FLOW FROM OPERATING AcfiviTIES Total net deficit per statement of financial activities Ipage 2) 1496) (9,569) Adjustments for: Depre¢lation charges Profit on fixed asset disposals Gain on revaluation of investments Interest and dividends Increase in debtor5 {Decrease)Ilncrea5e In Creditors 3,504 11.284) 12.783) (4,526) {3,952) 16,187) 3,895 (10,370) (4.262) (li 8,847 115,228) 11.9011 Net cash consumed by operating activities (15,724 {11,470)
DOWNTON BAPTIST CHURCH PAGE 6 NOTESTO THE ACCOUNTS FOR THE YEAR ENDED 31st DECEMBER 2024 ACCOUNTING BASIS AND POLICIES The accounts are prepared In accordance wlth the requlrerr*nts of the Charltles Art 2011. the Charltles SORP (FR5 102) and Flnanclal Reporting standard 102, The transltlon date to the FRS 102 reglme was 1st January 2014 and the required restatement as at that date was made as a prlor period adjustment In the accounts for the year ended 31st December 2015. The accounts are generally prepared on the historfcal cost basls but including the revaluatlon of fixed asset investments and an approprlate provlslon for the long term Ilablllty for defined penslon scheme costs (based on actuarlal valuatlon). The accounts are prepared usln8 the followln8 prln¢lpal accountln8 pollcles: Tanglble flxed assets: other than freehold property, of whlch detalls are glven In note 9, tanglble fixed assets are included at hlstorf¢ cost les$ provlslon for depreclatlon and Impalm)ent. Depreclatlonls charged at the followlng annual rates: kltchen Improvements over 15 years stralght Ilne, charged to general fund - flre alarm system over 10 years stralght Ilne, charged to general fund - fixture5 and equlpment at 33 113% on reduclng balance, charged to general fund - minlbus at 25% on reduclng balan¢e, eharyed to mlnlbus fund. Flxed asset investments: are Included at market value at the balance sheet date. Gains and losses on dlsposal or revaluatlon are shown as part of net Income In the statement of fl nanclal actlvltles. Income and expendlture: Is recognised on the accruals basls as and when It becomes due or payable. Charltable donatlons: It Is the church's policy to make charltable donatlons each year that are approxlmately IO% of its unrestrirted general fund Income. Deflned benefit pension costs: are recognl$ed on the basls of appropriate actuarlal valuatlons (see also above and note 191. FUNDS AND RESERVE5 The church has a PERMANENT ENDOWMENT that must be maintained and can only be spent or altered with the expres5 permlsslon of the Charlty Commission. In addltlon to the flxed asset Investments shown In note 11, the permanent endowrnent includes the church'5 freehold property, detalls of whl¢h are given In note 9. There Is a MINIBUS FUND reflecting money orlglnally Elven forthe purchase of a mlnibus. The fund balance represented the carrylng value of the current mlnibus and annual depreciation charges on this were made to the fund. The minibus was sold during 2024 and there is no intentlon to replace it. The residual balance on the mlnibus fund l£1,7001 was therefore transferred to general fund on 31st December 2024.
DOWNTON BAPTIST CHURCH PAGE 7 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31st DECEMBER 2024 Icontlnuedl FUNDS AND RESERVES Icontlnued) Other RESTRICTED INCOME FUNDS arlse on the basls of Income recelved each year but these are generally fully spent in the year of recelpt, leavlng Ilttle or nothln8 to be carrled foThiard. Movements on restrlcted Income funds are shown in note 21 and details of deslgnated glvlng are shown In note 8. The remalnderof the ¢hur¢h's funds are UNRESTRicfED and are shown as GENERAL FUND. It Is the trustees. pollcyto keep at least 3 Months, of antlclpated general fund expendlture as a RESERVE on the 8eneral fund to enable the church to meet Its obligations and Ilabllltlesi partlcularly to the mlnlster5 and other staff, as they fall due, OTHER INCOME 2024 2023 One thlrd share In the Income of Anne Tyler, Ru5hall Charltable Trust Magazlne advertlslng Youth and children's work 4,300 3,606 599 8,505 4,500 3,834 698 9,032 ** restrlcted Income MINISTERIAL COSTS 2024 2023 Minlsters, emoluments and natlonal Insurance Penslon contrlbutlons Mlnlsters, tralnlng and sabbatlcal Travel and mlleage 55,894 5,560 53,942 5,275 1,210 577 61,004 61,454
DOWNTON BAPTIST CHURCH PAGE 8 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31st DECEMBER 2024 Icontinuedl PREMISES 2024 2023 Water and sewerage Light and heat Insurance Repalrs and maintenance Council tax Caretaking and kitchen sundries Pension wntributions 487 10,165 4,811 18,916 95 7,709 130 42,313 618 7,449 4,548 23,509 9,220 372 45,716 OTHER EXPENSES 2024 2023 Minibus runnlng costs So¢lal and meals Magazine printing Youth and children's work Youth chaplaincy (with The Bridge) The Garden The Larder Teaching materials Gifts and sundries 1,136 2,042 4,313 1,008 1,742 4,141 I,S62 2,000 73 5,357 112 34 15,021
ss ss ss 3,091 100 28 14,508
includes £619 (2023 £6981 In respect of restrl¢ted In¢ome
Included £1,250 in respect of restricted incme SS all in respect of restrlcted Income ADMINISTRATION 2024 2023 Secretarial assistance and national insurance Pension contributions Printin81 POSta8e and stationery Telephone Computer costs Subscriptions and fees Copyrlght licences l)oubtful debt provision Staff trainin8 Property management fees Independent examiner's fee Bank charges Payroll charges 12,879 643 1,743 470 558 621 1,168 18 300 3,394 loo 62 173 22,129 12,359 613 1,772 425 596 610 1,091 1,336 270 1,740 65 173 21,130
DOWNTON BAPTIST CHURCH PAGE 9 NOTESTO THE ACCOUNTS FOR THE YEAR ENDED 31st DECEMBER 2024 (continued) DONATIONS PAYABLE 2024 General fund, Designated Totsl tithe giving payable 2023 Total payable BU Home Misslon BMS Birthday BMS General The Bridge Project DEC (Turkey/Syria earthquake relief Downton4Family Downton Prlmary Ihardship fund) Musana UK OMF International Pastoral hardship Philippine Community Fund Philippine Communlty Fund (Fire appeals) Phillppine Communlty Fund (Unlform appeal) Philipplne Community Fund {Bagulo) Phlllpplne Community Fund {Cuckoo Fair) Salisbury Street Pastors Spurgeons Tearfund 3,500 725 527 725 4,225 527 4,225 1,600 4,200 737 4,200 1,500 275 3,500 1,600 750 250 750 250 5,000 600 151 3,059 1,393 2,245 7,605 1,835 3,638 7,605 1,836 1,800 1,800 1,800 1,400 1,200 50 107 19,279 1,300 1,300 56 14,150 135 18,797 191 32,947 The deslgnated giving figure of £ 18,797 (2023 £5,979) includes £141 {2023 £Nil) in respert of related gift aid tax recoverable.
DOWNTON BAPTIST CHURCH PAGE 10 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31st DECEMBER 2024 {continued) PROPERri The church holds property in South Lane, Downton to be used In arxordan¢e wlth the temis of trust deeds dated 25th September 1813 and 31st December 1858. The property comprlses the current chapel {the original chapel having been demolished), manse and adjoining field. As noted on page I, the property is held by 'holding trustees, and the freehold title is registered in their names at the Land Registry. Income and expenditure in respect of the property is dealtwith through the church accounts and the property is considered to be part of the church's permanent endowment but it has never been shown as an asset on the balance sheet. The trustees have no plans to try and sell the property, whlch In any case could only be 501d wlth the agreement of the Charity Commission and in cornpliance with their terms for maintaining the endowment. The trustees do not have a current market value for the property and do not belleve that the cost of obtaining one would be Justified. The buildings are currently Insured for £3,966,750 and the contents for £149,861 but these figures ignore the value of the land. 10 TANGIBLE FIXED ASSETS GENERAL MINIBUS FUND FUND TOTAL Kitchen Fire alarm Fixtures Improvernents System & equipment Total Minibus COST At 1st January 2024 Additions Dlsposals 24,344 21,008 45,352 53,210 1,119 8,389 8,389 {6,9631 (6,963) 17,8581 (14,821) 7,858 7,270 At 31st December 2024 24,344 7,270 15,164 46,778 46,778 DEPRECIATION At Istjanuary 2024 Charge for year On disposals 9,738 1,623 16,532 26,270 34.026 1,760 3,504 3,504 (6,6491 (6,649) (7,756) 114.405) 7,756 121 At 31st December 2024 11,361 121 11,643 23.125 23.125 NET BOOK VALUE At 31st December 2024 12,983 7,149 3,521 23,653 23.653 At 31st December 2023 14,606 4.476 19,082 102 19.184
DOWNTON BAPTIST CHURCH PAGE 11 NOTES TOTHE ACCOUNTS FOR THE YEAR ENDED 31st DECEMBER 2024 (continued) 11 FIXED ASSEf INVESTMENTS MARKEf VALUE 2024 2023 At beglnnlng of year Revaluation in year At end of year 123,215 2,783 125,998 112,845 10,370 123,215 The above is a holding of 6,208.86 income unlts In COIF Charltles Investment Fund. Thls Investment forms part of the permanent endowment of the charity. 12 DEBTORS 2024 2023 Tax recoverable under gift aid Accrued Income Expense prepayments 6,392 752 4,235 11,379 4,107 1,578 1,742 7,427 13 CASH AT BANK AND IN HAND 2024 2023 CAF Bank current account Scottish Widow5 deposit account Petty cash float 61,158 60,000 250 121,408 79,055 60,000 250 139,305 14 CREDITORS FALLING DUE WITHIN ONE YEAR 2024 2023 Donations payable restricted income frorn church tithe 156 156 1,470 10,749 Deposits and amounts received in advance Accrued expenses Taxation and soclal security other creditors 1,859 4,890 339 13,622 7,435
DOWNTON BAPTIST CHURCH PAGE 12 NOTES TOTHE ACCOUNTS FOR THE YEAR ENDED 31st DECEMBER 2024 {continued) 15 STAFF COSTS AND NUMBERS 2024 2023 Remuneration Employer social security costs Employef pension contributions 74,710 323 6,333 81,366 72,436 1,301 6,260 79,997 Number Number Headcount during the year The employer pension contributlons shown above relate to current staff and exclude £10 {2023 £121 in respect of deficit contributions for previous ministers and movements in the long term pension deficit liability, detai15 Qf whl¢h are given in note 19. 16 TRUSTEE REMUNERATION, EXPENSES AND DONATIONS Rev P J Rhoades and Rev K M Ullyatt are pald a stlpend In thelr capaclty as mlnlsters and thls Is shown as emolurnents In note 4 and Included In the fl8ures dls¢losed In note 15. Neither they nor any other trustee was paid any remuneratlon In elther year In respectof thelr servlces as trustees. Travel and mileage costs of £Nil (2023 £5771 were relmbursed to the mlnlsters in respect of their work in that capacity and mlnlsters. training and sabbatical costs of £Nil {2023 £1,2101 were pald. No other expenses were paid to or for the ministers or any other trustee in elther year apart from the reimbursement of out of pocket expenses incurred on behalf of the charlty. The trustees together made freewill donations to the charity durin8 the year of £7,615 (2023 £6,990). 17 RELATED PARThTRANSAcfioNS The church provides offlce accomodation and some adrninistrative services to Downton 4Famlly, a UK registered charity set up in March 2017 that provides family and parenting support in the local community. Two of the church's trustees are also trustees of Downton 4Famlly and one former trustee works for the charity. The amount receivable from Downton 4Family for the above services was £260 (2023 £260). A donation of £750 was made to Downton 4Family in 2024 a5 part of the church's tithe givin& a5 shown In note 8.
DOWNTON BAPTIST CHURCH PAGE 13 NOTES TOTHE ACCOUNTS FOR THE YEAR ENDED 31st DECEMBER 2024 (continued) 18 CONTRIBUTION OF UNPAID VOLUNTEERS In common with many charitie5, and in particular other churches, the church benefits significantly from the unpaid work of volunteers, both members and non members, in the provision of Its charitable activitles and its admlnistratlon. In accordance wlth the Charities SORP (FRS 102), no monetary value is put on this contrlbutlon. 19 HISTORIC PENSION COSTS AND LIABILITIES For many years previous mlnisters were members of the Baptist Ministers. Pension Fund (part of the Baptist Penslon Scheme) and the church paid contributions to thls fund on thelr behalf as employer. The fund was contributory, defined benefit scheme but is also a multi-employer scheme and as such was previously accounted for in these accounts as a deflned Contribution scheme: contributions payable by the church each year were shown as part of expenditure but no informatlon was required to be disclosed about the overall posltlon of the scheme or its assets and Ilabilities. The contibutlon rate to the above fund had increased in recent years and an artuarlal valuation as at December 2010 revealed a slgnlficant deficlt of assets compared to liabilities. Accordingly the fund wa5 closed to future accrual of benefits on 31st December 2011. Under current pensions legislation the church had a continuing liabllityto make "deficiency contributions" to the fund in order to reduce, and ultlmately elimlnate, the deficit (although It has not $18ned any formal agreement to do sol. Subsequent actuarial valuations as at 31st December 2013 and 31st December 2016 contlnued to show a growing deflclt agalnst which deficiency contributlons were Ilkely to be payable for an extended period. Extensive discusslons took place within the "Baptlst famlly that led in 2018 to the agreement of a'family solution" under which the Baptist Unlon contributed £33 million to the fund and the fund members agreed to have future pension increases based on movements in the CPI ratherthan the RPI. Following this, the next actuarial valuation, as at 31st December 2019, showed a much reduced deficit (of £18 milllon, down from £93 million in 2016). After allowing for a temporary 50% reduction In deficiency contributions from July to December 2020, the period for whlch such contribution5 are likely to be payable was shortened to run to June 2026.
DOWNTON BAPTIST CHURCH PAGE 14 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31st DECEMBER 2024 Icontlnued) 19 HISTORIC PENSION COSTS AND LIABILITIES (continued) Following a period of favourable market condltlons, the Penslon Tf ustee was able in June 2022 to sign a 'buy in, agreement with Just Group, a specialist Insurance ompany, under whlch they took over responsibility for meeting the cost of members, penslon benefits. Followlng thls'buy In, the fund no longer had any deficit of assets compared to liabilltles (for the first tlme In two decades) but nominal deficiency contributions continued at £1 per month. In 2024, agreement was reached with Just Group forthem to complete a 'buy out, of the defined beneflt scheme and assume full responsibllltyfor its operatlon. The norninal deficiency contributions ceased after October 2024 and employer churches no longer have any resposibility to the scheme. An appropriate entry has been made in the statement of financial activities to write back any remaining liability. The above fund Is managed by the Baptlst Penslon Trust Llmlted as Pension Trustee but is administered by Broadstone Consultants & Actuarles Ltd on thelr behalf. With effect from Istjanuary 2015, in accordance with the requirements of the Charities SORP IFRS 102) and Financlal Reportin8 Standard 102, such funds are to be treated in the same way as Other defined benefit pension schernes. When the scheme was In deficlt, thls required the Incluslon as both an expense and Ilabllity of the present value of the church's share of the lon8 term cost of eliminating the deficit. The figures were based on the detsiled assumptlons made by the artuarles and were as follows: 2024 2023 Provision at beginning of year Deficiency contributions paid in year Movement in actuarial liability, including interest cost and other changes 18 (io 30 112) (8) Provision at end of year 18 20 CURRENT PENSION COSTS AND LIABILITIES The two ministers and oneof the other two employees are members of defined contribution pension plans to which the church makes contributions based on pensionable income, The amounts payable for these plans are shown in note 15.
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DOWNTON BAPTSST CHURCH PAGE 16 TRUSTEES, APPROVAL The accounts of Downton Baptist Chureh for the year ended 31st December 2024 set out on pages I to 15 were discussed by the trustees on 5th February 2025 and subsequently approved by e mail Signed on behalf of the trustees: Name @•NaMe Y)OUGd44< ft1 I TGH ti I Slgnature Signature Date LLz.zf Date
DOWNTON BAPTIST CHURCH PAGE 17 INDEPENDENT EXAMINER'S REPORT I report on the accounts of Downton Baptlst Church for the year ended 31st December 2024 set out on pages I to 15. RESPE1vE RESPONSIBILITIES OF TRUSTEES AND EXAMINER The trustees are responsible forthe preparation of the accounts and they conslderthat the audit requirement of section 144 of the Charitles Act 20111the Act) does not apply. It Is my responslbillty, wlthout performing an audit, to carry out an examination of the accounts and to report to the trustees and church members. BASIS OF INDEPENDENT EXAMINER'S REPORT My report Is in respect of an examination carried out under se¢tlon 145 of the Act and In accordance wlth the dlrections given by the Charity Commlssioners under subsectlon 5lbl of that sectlon. An exarnlnatlon Includes a revlew of the accountlng records kept by the church treasurer and a cornparlson of the ac¢ount5 presented wlth those records. It also include5 con5ideratlon of any unusual Items or dlsclosures In the accounts and seekln8 explanatlons concernlng any such matters. The procedures undertaken do not provlde all the evldence that would be requlred toran audlt and consequently I do not express an audlt oplnlon on the vlew glven by the accounts. My report is limlted to those matters set out below. INDEPENDENT EXAMINER'S STATEMENT No matter has come to my ?ttentlon from my examinatlon whleh 8lves me reasonable cause to believe that In any materlal respect accounting records have not been kept In accordance wlth sectlon 130 of the Act, or that the accounts presented do not accord with those records or comply with the aeeountlng requlrements of the Act. No other matter has come to my attentlon In connection with my examlnatlon to whlch, In my opinion, attentlon should be drawn In order to enable a proper understandlng of the accounts to be reached. SIGNED J Lawrence 30 Longland Sallsbury Wiltshire SP2 7ET DATE 1212125
DOWNTON BAPTisf CHURCH PAGE 17 INOEPENDENT EXAMSNER'S REPORT I report on the acwunts of Downton Baptlst Church for the ar ended 31st Deeember 2024 set out on pages I to 15. RESPEcfivE RESPONSIBILITIES OF TRUSTEES AND EXAMINER The trustees are re$ponslble for the preparatlon of thè aeeounts and they eonsld•r that t audlt requlrernent of stttlcn 144 of the Charltles Art 2011 (the Act) does not apply. It 1$ rny responslblllty, wlthout perfomlng an audlt, to carry *Wt an examlnatlon of the accounts and to report to the trustees and church members. 8ASS OF INDEPENDENT EXAMINER'S REPORT My report Is In respect of an examlnatlon carried out under $ertlon 145 of the Act and In ccordance with the dlfectlons glven by the Charfty Commlssloners under subsectlon S(b) of that sectlon. An examlnatlon Include5 a revlew of the accountlng rewrd5 kept by the church treasurer and a comparlson of the accounts presented wlth those records. It also includes c¢nslderntlon of any unusual It•ms or dl$clo$ures In the accounts and seeklng explanatlon3 concernlng any Such matters. The procedures undertaken do not pn)vkle all the evldenrx that would be requlred for an audlt and consequently I do not express In audlt oplnlon on the vlew 8lven by the attounts. My report Is Ilmlted to those matters $et out below. INDEPENOENT EXAMINER'S sfATEMENT No matter has corne to my attentl¢n from my examlnatlon whlch glves me reasonable cause to belleve that In any materlal respect accountln8 records have not been kept In accordance wlth Sectlon 130 of the Act, or that the accounts presented do not •c¢ord wlth those rec¢rds or comply wlth the accountln8 requlfements of the Act. No other matter has come to my 4ttentlon In connectlon wlth rny examlnatlon to whlch, In my oplnlon, attentlon should be drawn In order to enable a proper understandln8 of the accounts to be reached. SIGNED J Lawrence 30 Longland Sallsbury Wllt5hlre SP2 7ET