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← Faringdon Baptist Church

2025-02-28-accounts

Faringdon Baptist Church Trustees Annual Report (TAR) for 2024125 The Trustees present their Annual Report and financial statements for 2024125. Charitable Object The Charity is governed by an Approved Governing Document which states that 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 education, community ser4ice and such other general charitable purposes in such parts of the United Kingdom and the world as the Church shall determine. The Church occupies premises which are held by the Baptist Union Corporation Ltd, on Trust which are entirely compatible with the above object. Organisational Structure and Decision-making processes Members of the Church are accepted in accordance with the Constitution which requires them to be or to have been publicly baptised on the profession of faith in Jesus Christ, or following other modes of baptism to renew their public profession of faith in Jesus Christ. The Members, Meeting normally takes place six times per year and has responsibility for the overall policy of the church. In accordance with the Constitution, the member5 appoint Trustees, who together with the Minister, Church Secretary and Treasurer (who are also appointed by the members), and collectively known as the Leadership Team, are responsible for the day to day running of the church's work and witness, and the financial and legal aspects of the charity. All members are encouraged to take an appropriate part in the spiritual and practical tasks involved in the furtherance of the charitable objective. Relevant matters may be submitted to the Church meeting by the Trustees for guidance, or may be raised by members in Church meetings for further consideration by the Trustees. Though the Constitution permits decisions to be made at Church meetings by appropriate majorities, the Church seeks to work by consensus wherever p055ible. Objectives and Activities In order 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 Christ 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 at 10.30 am both in person and online. There are also prayer meetings held both weekly and at other times which are advertised on the Church notices and the website at www.farin don-ba tist.or - There is a children's programme for those in primary and secondary education 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 growth groups for the maturation of faith and discipleship in the homes F3riTrgdon Bapttst Churth Trustee Annual Report Charity number: 1138446

of some members, and further details of these can be obtained from the Trustees on request, or at the Sunday seniices. From time to time the Church runs courses for people interested in discovering more about Christianity. The Church operates systems to ensure that all people working with children and vulnerable adults are appropriately vetted with regard to the Disclosure and Barring Service. The Church has read the Charity Commission guidance on public benefit. and is satisfied that the activities outlined above clearly demonstrates that the charity is providing a benefit to the public. Achievements and Performance 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 2024/25 was a positive year in the life of the church. It is cognisant of the changes taking place in the local community and is exploring new avenues to pursue its mission purposes in the future with equal enthusiasm. As always, membership and attendance has fluctuated during the year, sadly, we have had to bid farewell to some members who have moved on however attendance on a Sunday morning has grown slightly. On 1st March 2025 the membership stood at 54. Some members meet regularly for prayer on a weekly basis and the 'Care and Share, group which meets during term time on Wednesday mornings is growing. We have also celebrated three baptisms this year. The church works with other organisations within the town of Faringdon. The Faringdon Day Centre continue to meet here providing a lunch and support for older members of the community. 'Messy Dads, happens on the first Saturday of each month giving space for carers and their children to meet together with food, play and friendship and is universally popular. In addition, FAAAZE centre for teenagers with learning disabilities use the building regularly during the week. 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. The most significant cost is the employment of a Pastor, together with the cost of providing a Manse for the Pastor. The Pastor works to lead and co-ordinate the church's activities including the Sunday Services, to provide pastoral care for the congregation and other people, and to equip and encourage the membershlp In rhelr Ilfe, Chrlstlan wltness and servlce. The Church expressed its part in the life of the wider church by making grants to national and international Christian organisations and societies with Christian aims and objectives compatible with the church's own charitable purpose. The Church 15 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. The financial results for the year, together with a summary of the accounting policies adopted are set out in the accompanying financial statements. Faringdon Baptist Chuich Trustee Annual Report Charity Trumber.. 1138446

The Trustees have assessed the major risks facing the church, and are satisfied that there are policies in place to minimise these risks. Reference and Administrative details Charity name Other name the charity uses Registered charity number Charitvs principal address Far?ngdon Baptist Church NA 1138446 20 Bromsgrove Faringdon SN7 7JQ Names of the charity Trustees who manage the charity Trustee name Dates acted rf not for whole year Name of person (or body) entitled to appoint trustee (if any) Church membership Church membership Church membership Church membership Church membership Church membership Church membership Church membership Office (if any) Rev. Mark Greenwood Gemma Ashton Michael Smedley Richard Bolter Andy Gathercole Sharon Gerry June Parrott Dominic Bullock Minister Secretary Treasurer Elder Elder Elder Trustee Trustee May 2021- May 2024 May 2016- May 2024 Declarations The Trustees declare that they have approved the Trustees, report al>ove. Signed on behalf of the charitVs Trustees: Signature(s) Full name(s) Position (e.g. Secretary. Chair. etc) Date ZS, 11 aa.Il.a Faringdon Baptist Church Trustee Annual Report Charity number.. 1138446

BAPTISTS TOGETHER FARINGDON BAPTIST CHURCH FINANCIAL sfATEMENT FOR THE YEAR ENDED 28 FEBRUARY 2025 GENERAL RECEIPTS & PAYMENTS ACCOUNT Note General Restricted1 2025 2024 Designated Receipts Regular Glving week￿ offerings Donations and irther incwie Inc(xme tsx recovere)J on gifts Investr￿t inccwne Rents and contributi¢Ms for use of premises (incl Manse) Raised f(￿ other causes 54.589 2,341 6.182 13.726 54,589 2,341 31,182 19,976 44,402 1.505 20,474 11,666 25,000 6.250 659 3.825 3,778 4,437 3.825 5,622 9,383 225 225 258 Total Receipts 81.547 35.028 116,575 93,310 Payments Ministry Mission Upkeep of church premises (excluding extra-ordinary repairs) Administrati(￿ 44,686 17,087 14,120 44,686 17,087 14,120 25,293 14,183 15.145 2,641 2,641 2,791 Total Payments 78,534 78,534 57,412 Net receipts (payments) for the year 3,013 35,028 38,041 35,898 Extra<Kdinary repairs Incw in value of manse Net (deficit)Isurplus for the year 20,514 7,500 (io,ooi) 20,514 7,500 25,027 (19,842) 55,740 35,028 Cash balano at previous year end Add cash r￿eIpts/{paYrnents) for the year Chdnge in current a55&51 liabilit￿5 Cash balance at current year end 66,145 165,793 231,938 249,545 (io,ooi) 35,028 25,027 119,8421 (13,190) (13,190) 2,235 42,954 200,821 243,775 231,938 Page1 of5

srATEMENT OF ASSEfs AND LIABILITES AT 29 FEBRUARY 2025 Note General Restrictedl Designated 2025 2024 Assets Bank and other cash ￿L￿nceS Santander Bank kcount BUC depc6rt acccwnt Other mnetsry assets: Debtors Grft aid claimed but nc* received Assets Held for Church's own use 13,371 29,583 31.250 169,571 44.621 37,221 199,154 194,717 738 13,443 382,500 439,635 738 4.064 13,443 5,884 382,500 375,000 200,821 640,456 616,886 Total Asgets Llabllltles Current tiabilities Pension Scheme liats'lity Total Liabilities io 1,921 1,921 3,378 li 1,921 1,921 3,378 437,714 200,821 638,535 613,508 Reserves at l March Net surplus for the year r￿elpts3nd paymemts account Reserves at 28 February (29 February 2025) 447,715 {io,ooii 165,793 613,508 633,350 35,028 25,027 (19,842) 437.714 200,821 638,535 613,508 The ￿nts and stat￿ent of assets and liabilities set out on pages rdating to the year ending 28 Febiuaiy 2025 are as appi e itu&ees and have btrn indeP￿dentlY ceJtified. Signed......................................... Michael Smedley Treasurer authorised to sign on tEhalf of all trustees) Date....... 1.s/s/2f.. ..... Signed......J.D..?.bL. okn............................................ InderEndent Examiner Page2ofS

NOTES TO THE ACCOUNTS l. Basis of accounts These acc(￿nts have been prepar￿1 ￿ a 'r￿ipts and payments. basis and in ￿l¥danCe wrth Settion 133 Charrties Att 2011. 2.Donations and other incDme 2025 30,680 502 31.182 2024 5,828 14,646 20,474 Donations l Gift5 Legaaes Total Donations and Other Income 3.Investment income 2025 2024 Bank interest (BU Deposit acccrtjnt) Total Investment Income 4,437 4,437 5,622 5,622 4.Raised for Other causes 2025 2024 Total Raise(I for Other causes 225 258 5.Ministry 2025 2024 Ministerfs stipend pensh￿ contribution NatK)nal insurancel PAYE Ministerfs expenses Manse running costs Other ministry Costs [incl. M(Klerat(y) Total Ministsv 22,195 6,559 5,272 2,706 7,766 188 44,686 7,336 1,603 1,225 1,196 12JJ99 1,334 25,293 The Minister &ts as cme of the church's truth and receives rem￿n￿ation and other benefits in reSp￿t of their se￿￿eS as Minister, including the provisicm of man* acc(Mnm(xJatiC￿, owned by the church. Page3ofS

6.Mission 2025 2024 Hospitalty Events and Outreach Hcne Mission BMS w￿ld Mission Wycllffe SYFC ArshadlPakn"stan Just Love Other gifts Total Misston 289 5,833 3,900 2,700 2,400 240 (9601 2.400 285 17,087 2,915 3,900 2,700 2,400 240 1200 828 14,183 7. Upkeep of church premlses 2025 2024 Repairs and maintenan Utilities Insuran Total Upkeep of thurch premises 8,190 4,253 1,677 14,120 5,421 8,003 1,721 15,145 8.Administration 2025 2024 Equipment, telephone and potye Bwks and Training SubScript￿nS, website & LI￿￿e fees Misc.IOther administrati Total Admlnlstratlon 481 50 2,078 32 2,641 667 324 1,392 408 2,791 9.Assets Held for the Church's own use The church is the benef￿￿[ own& (sUbJ￿t to the rd&ant trusts) of the following assets, the I￿jaI title to which is hdd by the church's cu*cdian tnjstee. Church pranises at Brcmsgrove, Faringdon. It has be￿ the traditM)n of the church to value this asset at £0. Church manse at 13 Bemws Way, Faringd(m valued at 382,500 based on 2Yo uplift in value. The church a19) owns an or￿inal Chain￿ John Bunyan bible and Oth￿ historic dc£uments that are held on trust by Regents College, Oxford. The value of these has not be￿ included in the accounts. Page4of5

  1. Current Liabilities 2025 2024 El￿tr￿ty billal but not ￿ pakj ch￿UeS written nsx cash PAYE kkiyab Council tax payable Otliei cuiieiil l￿bilItie1 - re5trttsl gift5 ￿Vable to charltles Total Current Liabilities 450 500 240 854 824 960 3,378 1,140 331 1.921
  2. Pension Scheme Liabilities The Church is a participating employer in the Baptist Pension Scheme ￿he Schane?, which is a separate gal entity administerLryi by the Pension Trustee (Bapts'st Pension Trust Limited). The Sch8ne, previously known as the Baptist Ministers Pensi(M Fund, started in 1925. At the I￿gInnIng of the financial year, the scheme compri58J of a defsned beneftts sthpJne which was c105ed to fytu￿ accrual on 31 D￿lber 2011 and a defined contribution p&n which was open8J in January 2012. The assets of the Schane are hdd separately from those of the Employer and the other participabng ￿plOYerS. For the current financial year, the pension provision for members of the Schane is being made through the Defined Contribution (DC) Plan. In general, M￿nt￿5 pay 8 % of their PensM)nable InccKne and employers pay 6010 of M￿nI￿r5, Pensionable Inc£￿ into individual p￿51(￿ accounts, which are operat&J and n17nag￿l on behalf of the Pensi￿ Trustee by BrcK7d5t￿e Cwjrate Benefits Ltd. In addition, the employex pays a further 4Wo of Pensicmable Inc￿ to cover Death in servi￿ Benefts, administration costs, and an asS￿lated insurance pK)licy which provides inccme prrtectK)n for SCh￿ne M￿berS if they are unable to work due to long-term incapacty. This income prot&tion tolicy ha5 b￿n insur& by the Baptrst Union of Great Brrtain with Aviva Limited. Furthermore, rn￿berS of the Basic S&tion pay r￿luC￿l contributions of 5% of Pensionable Inc(Nne, and their anpbyers also pay a trtal of 5 % . In Ottober 2024, the insurance c(xnpany Just Gr(yJp c(xnpknAI a buy cwt of the liabilities of the closed defineNJ benefrt sch8me. From that date any rmining liability of the partlcipatlng scheme members to the defined bpnefft scheme teas￿1 and the £1 month deficit contributiLWS payable by the participating ployers whtch were agr￿ in the ￿ery plan approv& in August 2022 also Ceas￿ fr￿n that date. Administratton of the dowl defined benefft scheme transferral from the pension trust￿ to Just Group fr(Nn that date. The Minister is efigible to join the Scheme. tlon 28. IIA of FRS 102 requlres agreed defiot r&overy payments to be ￿CrfJn1Sed as a Ilabillty. The present value of the agreed deficit contributions were immaterial at the beginning of the financial year and were fully extinguished the buy out was ccffnplLXed by Just Gr(￿p in October 2024.
  3. Funds fomiing part of the festricted & designated funds The Future Fund. £84,671. The Future Fund is being held for possible use for major development of the Bromsgfove premises or the acquisition ofother premises unless or until a Special Church Meeting olherwise re8olve3. This sum indude8 interest that is attributable to the sum held. The John Colllgan Legacy Fund.. £84,9CM). The Special Church Meeting of 281h November 2019 resolved that the money from this legacy, both capital and income. cLJuld be used for the general purposes of the Church. Consideralion is being given as lo whether it is more appropriate for a particular purpose to be ratxrded. This sum includes interest that is attributable to the sum held. Fund for Children's Iyouth Worker. £31.250. This is a sum held from Gifts where the request was that the sum slK)uld specifically support work with Childr8n and Young people. Page5of6

BAPTISTS TOGETHER FARINGDON BAPTIST CHURCH FINANCIAL sfATEMENT FOR THE YEAR ENDED 28 FEBRUARY 2025 GENERAL RECEIPTS & PAYMENTS ACCOUNT Note General Restricted1 2025 2024 Designated Receipts Regular Glving week￿ offerings Donations and irther incwie Inc(xme tsx recovere)J on gifts Investr￿t inccwne Rents and contributi¢Ms for use of premises (incl Manse) Raised f(￿ other causes 54.589 2,341 6.182 13.726 54,589 2,341 31,182 19,976 44,402 1.505 20,474 11,666 25,000 6.250 659 3.825 3,778 4,437 3.825 5,622 9,383 225 225 258 Total Receipts 81.547 35.028 116,575 93,310 Payments Ministry Mission Upkeep of church premises (excluding extra-ordinary repairs) Administrati(￿ 44,686 17,087 14,120 44,686 17,087 14,120 25,293 14,183 15.145 2,641 2,641 2,791 Total Payments 78,534 78,534 57,412 Net receipts (payments) for the year 3,013 35,028 38,041 35,898 Extra<Kdinary repairs Incw in value of manse Net (deficit)Isurplus for the year 20,514 7,500 (io,ooi) 20,514 7,500 25,027 (19,842) 55,740 35,028 Cash balano at previous year end Add cash r￿eIpts/{paYrnents) for the year Chdnge in current a55&51 liabilit￿5 Cash balance at current year end 66,145 165,793 231,938 249,545 (io,ooi) 35,028 25,027 119,8421 (13,190) (13,190) 2,235 42,954 200,821 243,775 231,938 Page1 of5

srATEMENT OF ASSEfs AND LIABILITES AT 29 FEBRUARY 2025 Note General Restrictedl Designated 2025 2024 Assets Bank and other cash ￿L￿nceS Santander Bank kcount BUC depc6rt acccwnt Other mnetsry assets: Debtors Grft aid claimed but nc* received Assets Held for Church's own use 13,371 29,583 31.250 169,571 44.621 37,221 199,154 194,717 738 13,443 382,500 439,635 738 4.064 13,443 5,884 382,500 375,000 200,821 640,456 616,886 Total Asgets Llabllltles Current tiabilities Pension Scheme liats'lity Total Liabilities io 1,921 1,921 3,378 li 1,921 1,921 3,378 437,714 200,821 638,535 613,508 Reserves at l March Net surplus for the year r￿elpts3nd paymemts account Reserves at 28 February (29 February 2025) 447,715 {io,ooii 165,793 613,508 633,350 35,028 25,027 (19,842) 437.714 200,821 638,535 613,508 The ￿nts and stat￿ent of assets and liabilities set out on pages rdating to the year ending 28 Febiuaiy 2025 are as appi e itu&ees and have btrn indeP￿dentlY ceJtified. Signed......................................... Michael Smedley Treasurer authorised to sign on tEhalf of all trustees) Date....... 1.s/s/2f.. ..... Signed......J.D..?.bL. okn............................................ InderEndent Examiner Page2ofS

NOTES TO THE ACCOUNTS l. Basis of accounts These acc(￿nts have been prepar￿1 ￿ a 'r￿ipts and payments. basis and in ￿l¥danCe wrth Settion 133 Charrties Att 2011. 2.Donations and other incDme 2025 30,680 502 31.182 2024 5,828 14,646 20,474 Donations l Gift5 Legaaes Total Donations and Other Income 3.Investment income 2025 2024 Bank interest (BU Deposit acccrtjnt) Total Investment Income 4,437 4,437 5,622 5,622 4.Raised for Other causes 2025 2024 Total Raise(I for Other causes 225 258 5.Ministry 2025 2024 Ministerfs stipend pensh￿ contribution NatK)nal insurancel PAYE Ministerfs expenses Manse running costs Other ministry Costs [incl. M(Klerat(y) Total Ministsv 22,195 6,559 5,272 2,706 7,766 188 44,686 7,336 1,603 1,225 1,196 12JJ99 1,334 25,293 The Minister &ts as cme of the church's truth and receives rem￿n￿ation and other benefits in reSp￿t of their se￿￿eS as Minister, including the provisicm of man* acc(Mnm(xJatiC￿, owned by the church. Page3ofS

6.Mission 2025 2024 Hospitalty Events and Outreach Hcne Mission BMS w￿ld Mission Wycllffe SYFC ArshadlPakn"stan Just Love Other gifts Total Misston 289 5,833 3,900 2,700 2,400 240 (9601 2.400 285 17,087 2,915 3,900 2,700 2,400 240 1200 828 14,183 7. Upkeep of church premlses 2025 2024 Repairs and maintenan Utilities Insuran Total Upkeep of thurch premises 8,190 4,253 1,677 14,120 5,421 8,003 1,721 15,145 8.Administration 2025 2024 Equipment, telephone and potye Bwks and Training SubScript￿nS, website & LI￿￿e fees Misc.IOther administrati Total Admlnlstratlon 481 50 2,078 32 2,641 667 324 1,392 408 2,791 9.Assets Held for the Church's own use The church is the benef￿￿[ own& (sUbJ￿t to the rd&ant trusts) of the following assets, the I￿jaI title to which is hdd by the church's cu*cdian tnjstee. Church pranises at Brcmsgrove, Faringdon. It has be￿ the traditM)n of the church to value this asset at £0. Church manse at 13 Bemws Way, Faringd(m valued at 382,500 based on 2Yo uplift in value. The church a19) owns an or￿inal Chain￿ John Bunyan bible and Oth￿ historic dc£uments that are held on trust by Regents College, Oxford. The value of these has not be￿ included in the accounts. Page4of5

  1. Current Liabilities 2025 2024 El￿tr￿ty billal but not ￿ pakj ch￿UeS written nsx cash PAYE kkiyab Council tax payable Otliei cuiieiil l￿bilItie1 - re5trttsl gift5 ￿Vable to charltles Total Current Liabilities 450 500 240 854 824 960 3,378 1,140 331 1.921
  2. Pension Scheme Liabilities The Church is a participating employer in the Baptist Pension Scheme ￿he Schane?, which is a separate gal entity administerLryi by the Pension Trustee (Bapts'st Pension Trust Limited). The Sch8ne, previously known as the Baptist Ministers Pensi(M Fund, started in 1925. At the I￿gInnIng of the financial year, the scheme compri58J of a defsned beneftts sthpJne which was c105ed to fytu￿ accrual on 31 D￿lber 2011 and a defined contribution p&n which was open8J in January 2012. The assets of the Schane are hdd separately from those of the Employer and the other participabng ￿plOYerS. For the current financial year, the pension provision for members of the Schane is being made through the Defined Contribution (DC) Plan. In general, M￿nt￿5 pay 8 % of their PensM)nable InccKne and employers pay 6010 of M￿nI￿r5, Pensionable Inc£￿ into individual p￿51(￿ accounts, which are operat&J and n17nag￿l on behalf of the Pensi￿ Trustee by BrcK7d5t￿e Cwjrate Benefits Ltd. In addition, the employex pays a further 4Wo of Pensicmable Inc￿ to cover Death in servi￿ Benefts, administration costs, and an asS￿lated insurance pK)licy which provides inccme prrtectK)n for SCh￿ne M￿berS if they are unable to work due to long-term incapacty. This income prot&tion tolicy ha5 b￿n insur& by the Baptrst Union of Great Brrtain with Aviva Limited. Furthermore, rn￿berS of the Basic S&tion pay r￿luC￿l contributions of 5% of Pensionable Inc(Nne, and their anpbyers also pay a trtal of 5 % . In Ottober 2024, the insurance c(xnpany Just Gr(yJp c(xnpknAI a buy cwt of the liabilities of the closed defineNJ benefrt sch8me. From that date any rmining liability of the partlcipatlng scheme members to the defined bpnefft scheme teas￿1 and the £1 month deficit contributiLWS payable by the participating ployers whtch were agr￿ in the ￿ery plan approv& in August 2022 also Ceas￿ fr￿n that date. Administratton of the dowl defined benefft scheme transferral from the pension trust￿ to Just Group fr(Nn that date. The Minister is efigible to join the Scheme. tlon 28. IIA of FRS 102 requlres agreed defiot r&overy payments to be ￿CrfJn1Sed as a Ilabillty. The present value of the agreed deficit contributions were immaterial at the beginning of the financial year and were fully extinguished the buy out was ccffnplLXed by Just Gr(￿p in October 2024.
  3. Funds fomiing part of the festricted & designated funds The Future Fund. £84,671. The Future Fund is being held for possible use for major development of the Bromsgfove premises or the acquisition ofother premises unless or until a Special Church Meeting olherwise re8olve3. This sum indude8 interest that is attributable to the sum held. The John Colllgan Legacy Fund.. £84,9CM). The Special Church Meeting of 281h November 2019 resolved that the money from this legacy, both capital and income. cLJuld be used for the general purposes of the Church. Consideralion is being given as lo whether it is more appropriate for a particular purpose to be ratxrded. This sum includes interest that is attributable to the sum held. Fund for Children's Iyouth Worker. £31.250. This is a sum held from Gifts where the request was that the sum slK)uld specifically support work with Childr8n and Young people. Page5of6