Charity nwtkber 1140359 Zion Baptist Church Trowbridge Report and Accounts For the Year ended 31 March 2024 Oakensen Limited Chartered Accountants Bryer Ash Business Park Trowbridge Wiltshir¢ BA14 8HE Zion Baplist Cbur¢h Trowbridge Trustees Annual Report Th¢ trustees present their aDDual report and accounts for the year ended 31 March 2024. The board of trl￿tec8 satisfied with thc perfornwce of the charity during the year ana the positiott at 31 March 2024 and consider that th¢ clwity 1$ in a good positioll to Continue its &ctivities during tbe coming yeaT. and that the chwiiy8 assets are adequate ￿ fvlfil its obligations. OBJECTIVES AND ACTIvrrtES Objectives and aetivithes Zion Baptist Church operat¢8 frollh Tromrbridge. The maill a￿1Vity ks the advancement of Christian faith accorditig to Baptist principles in a¢¢ordance with the churcb's Stateme￿ of faith. This is achieved through Swthy services. midweek prayer ￿ettIng$, bible studies and ladi¢5' coffee mornings. infornial gathering5 to ¢OJ]8ider Cbristian faith. and also activities to PTomot¢ mission and ￿￿tterS of social concern. ACHIEVEMEf4TS AND PERFORMANCE Dwing the year und¢r review th¢ Gharity been enabled Èo reitt8iat¢ its fLmd.rnising charity coffee mornings. It is good to r¢port also that our giving towards a local food ballk ba8 ijjcresed sthbstarnially. We are ple&sed to report a snjall incre&8¢ in membusbip of th¢ church. PUBLIC BEf4EFIT The charity aitt)s to provide, to the public and llydnkitid in general, services, advice and infom)ation about the Cljristiati faidL In setting obje¢tives and planning aCti￿rieS the clwitybas iaken no¢e of the Charity Conmiission guidance on public bellefit. Tkne chutcb projnotes its mission through activities for all ages. The church has regular public services of worship which are open ¢0 all the CoMmu￿ty, and sthich it encourages them to attend. The activities encourage the learning and teaching of Cl]ristianiry througb sern)otL8, courses and small-group sll￿y. Chri5uaD youth groups have been set up and aT¢ available for the whole ¢ottYnunity. FINANCIAL REVIEW The tharity made an operntional Su￿luS of £20,848 {2023 £II.568). Income general¢d has in¢reased from the prev&ous year due io a kn.gher amount of offerings. The unrestricted op¢ratiDg fjjnd T¢presen(s the cbarity's fre¢ r¢aerv¢s. which are re¢aiJ)ed to provide initial fill￿t￿g for activiues al￿ support, aDd general running costs of the Chur¢h. RESERVES POLICY The ￿serve policy of the church 15 to enswe the unrestri¢ted fLuhds held at any given time aTe greater than three mollths expenditwe. PLANS FOR FUTURE PERIODS The charity recogllises that these are uncertain tin￿. but will Eleverthel￿ be seeking to widen 11$ activitses. Zaon Baptist Cbureh Trowbridge Trustees Anllual Report REFERENCE AND ADMINISTRATIVE DETAILS Clwity number. 1140359 Registered Office: Union StreeL Trowbridge, Wiltshire, BA14 SRU Our AdvAsor5 08lwwn Limite4 Bryer Ash Business Park, Trowbridge, Wiltshire, BA14 8HE HSBC, 46 Fore Street. TrowbTidge. Wiltshite, BA14 SEL mOnr(￿￿￿8bjre Building Society. Monmouthshire Houye, John Frost Squar¢, NeMpor4 South Wales. NP20 IPX Bankers.. Trustees Elected trustees MrDWJSkull MrAHall Mr A D Jones STRUCTURE, GOVERTr4ANCE AND MANAGEMENT Governing Doclltllent Zion Bapiist Church Trowknndge 15 an utiincorporated asso¢iation governed by a wEitten congtiNtion dated 10 Febnwy 2011. Appointment of trnstees New trustees are selected and appointed by the exi5tillg trustees, for an indefmite period of service. Organisatfiollal 5trlltture Day to day managernent is delegated to the church offic¢TS, who are tbe trustees. Risks Th¢ ll￿)0r risk5 to w]Jich the ¢harity is exposed as identified by the trnstees. bave been Teviewed and 8yStems or pro¢edur¢s hav¢ been estsblished to manage those risk8. RESPONSIBILTfIES OF THE TRUSTEES The tnL8tees are responsibl¢ for preparitig the Trustees Annut41 Report and the fittawiai sthtements in a¢¢ordan¢e with applicable law attd United Kingdom Accounting Standards ( Utiited Kingdom GeneTally.Accep*d Accounting Practice). The trustees aT¢ to prepare fiThan¢ial statellmts for each fllLan¢ial yeaT wl)ich give & t￿e and fair view of the state of affaits of the ¢l)ariry and of the in¢oD)ing resource5 and appli¢ation of resources. including the income and expenditure, of the cljarity for that period. In preparing these fjnancial staiemellts, the tn25tees aTe required to.. - select SUAtsble a¢counliDg poli¢ie8 and tb¢n apply tkn consistently. - observ¢ the Jnethod8 and principles io the Chan"ties SOR￿. - make judgernents and estin)ates that are re&sonable and pruden4 - state whether applicable UK ACCO￿ting Standard$ have been follow¢d, subject io ally aierial departures disclosed and ¢xplainea in tbe financial Statements" - prepare tbe fwaucial siatemellts on the going ci)ncern basis uthess it is illappropriaie to PTesllme that the charity Mryll continue iu operation. The Trustees are also resp0￿￿1b1e for maintaining adequat¢ accounting reconls which ¢Ji5close reasonable aC￿￿&CY at any time tbe finallcial position of the chan'ty and wbi¢h aTe sufficietlt to sbow and explain the C￿￿ti￿$ tyaDsa¢tions and eDable them ￿ ¢osure that the fina￿la] gtatements comply with regulations made under the Charities Act. They are also reswnsible for safeguarding the assets of the charity and he]￿e for takJog reasollable sieps for th¢ prevention and detectiou of fraud 8nd oth¢r irregularities. Zion Baptist Church Trowbridge Trustee5 Annual Report INDEPEIWENT EXAMINER Mr David OakeDs¢nFCA of Oak¢nsen Limited wa5 appointed as independeM examiner for th¢ year. This r¢port v/as approved by the board on /Jfj2+ A Hall TnLStee Zloll Bgpdst Cbur¢h Trowbridge llldependent examiner's report to the members of Zion Baptist Church Trowbridge I report on my ¢xauJination of the accounts of the charity for the yeaJ ended 31 MaTch 2024 which are set out OD pages S to 9. Re5pollsibilities ¥nd basis of report As the charitys trustees. you are resp)nsil)l¢ foi th¢ preparation of the a¢¢ounts in accordance with the requirements of the Charitie5 Act 2011 Cthe Act). I report in resp￿1 of my examination of the charity'5 accounts cattitd out under section 145 of the 2011 Act and in carrying out my examination. I have followed all the appli¢able Dirr¢tsons 8iven by (he Charity Commission und¢r section 145(5)(b) of th¢ Act. Ind¢pendeDt exajniner's $iatemeDt I have complded rny exan)ination. I coJ)firni that no m8terial mattds ￿ve com¢ to my attention ill conne¢tio with the examination which gives me ¢ause to b¢lieve that in, any mataial respect.. the aceouniing recor(L4 were not kept in ac¢ordance with $¢ction 130 of tbe Clwities Act. or the accounts did not ac¢ord with the a¢wunting reo)rds' or the accounts did not comply with th¢ applicable requircments concerning the fomi and content of accoul set out ID the Charities (Accounts and Reports) Regujaiions 2(K)8 other tlwi any requirement that the a¢counts give a'tTu¢ and faif view which is not a matter considered as part of an iDdependent exalninatio I have no coneerns and have come across no other matters in comiection wkth th¢ examinat50n to which attention should be drawn in this Irport in order to enable a proper understanding of the accounLS to be reached. David Oak¢nsen FCA 04keDsell Limited Bryer Ash Busine&s Park Trowbiidge Wiltshire BA14 8HE io J Zioll Baptist Church Trowbrldge Statetneut of Financial Activities For ihe year ended 31 March 2024 Uttrestricled Re5trlcted Fwids Funds Total Fullds 2024 Total Funds 2023 Notes INCOME AND ENDOWMENTS FROM: Income from offerI￿S Income froTn gift atd tax refillml In¢on]e from donatioll5 and lega¢ies Solar pallejs Interest on savings 32,268 6,990 32,268 6.990 23,674 5,128 1.349 1,547 2393 2.393 TOTAL INCOME AND EIWOWMENTS 41,651 41.651 32.799 EXPENDTfiJRE ON: Expendittjre on charitable activities Other expellditwe 17,622 3,181 17,622 3.181 18,167 3,064 TOTAL EXPEf4DITURE 20,803 20,803 21.231 Net income 20,848 20,848 11,568 Gros5 transfers between funds 20,848 20.848 11,568 TO1￿ funds at J Aprll 21123 90,258 532 91).790 79.222 Total f￿ndS at 31 Mareh 2024 111,106 532 111,638 90.790 Th¢re were no recognys￿ gains and losses other than those shown in the above Staiemeni of Financsal Activities. Zion Baptist Church Trowbridge Balanee Sbeet As at 31 MArcb 2024 Note5 2024 2023 Fixed assets Investsnellts 20,000 20,000 Current assets Debtors Inve8tmenl8 held &$ ¢lln￿t assets Cash at bank al￿ in l)and 12,247 40,000 41,143 93,390 5J65 io,o(K) 59.558 74.923 Creditors: Amounts falling due ithln one year (1.752) (4.133) et ellrreDt assets 91.638 70.790 Net assets 111,638 90,790 Reprewited by: Unrestrictd filllds R¢5tricted funds 111.106 532 90,258 532 io 111,638 90,790 Approved by the board on 20£< Tn￿teC Zaon B*ptlst Church Trowbrldge Notes to the Accounts For tbe yelr end¢d 31 Marcb 2024 Atrdance with th¢ ¢barithble objects ￿ the discretion of the trusttts. Restricted fimd8 can only be used for particular puwes within the Ob)￿lS of the clwity. Restrictioas arise when SFwifie4 by the doll￿ or when filnth art raised for particular restrirted purposes. Expenditure Trthi¢h meets these criteria is charged to the fund. Furtber ¢xplanation of the nawre a]Jd purpose of C￿h fiusd is included in the notes to the fLnancial statemeiiis. Debtors Ikbtors att r￿O￿l$ed at the amouot due. Prya￿ellts are valued ai the amount pr¢paid llet of any discounts Creditors creth.tors are recogniged where th¢ Ghariry has a pr¢8ent ob)ig&ion resulting from a past eveni that will probably r¢sult in the traDsfer of funds io a third party and the an￿Unt due to yettle the obligation call be or estimated r¢liab]y. The ¢harity is exempt from tax ott incom¢ and £aiLs falling withm section 505 of the Taxes A¢t 1988 OT seciion 252 of the Taxation of Clwgeable Gaitis Act 1992 to the ext¢ni that these aT¢ applied to its c))aTitable obj￿ts. Judgemenls &Md key sources ofebtim4lion un¢ertainty The preparation of the finallcial statements requires managetttenr io ll￿k¢ judgemell￿ estimates and assurnptiOJJS that aff¢rt the a￿￿ount$ reported. These estimate$ and judgements are cotttTrnually reviewed and are b&8ed on experience and other f#ctors. including expectstions of future ¢vents that are believed to be reasonable ullder the No significattt judgements have bad ￿ b¢ made illPTepaTing thesc financial ststements. Zaon B&ptist Church Trowbridge Noles to the A¢counls For tbe year ended 31 March 2024 2 In¢ome from dou4tlon5 *Md leg*¢l Unrestrlcted Restricted 2024 21123 Offerings Gift aid tax refimd Donations 32,268 6,990 32,268 6.990 23,674 5.128 1.349 30,151 39,258 39,258 3 E5penditure on charRtable 4ctivlties Unrestricted Rtstrlcted 2024 2023 Visiting speakers Outillgs GRfLq to other charitics Lighi and heat WaieT Building ttpairs and caretaker Refre>lJments JwJt8n¢e 1.018 1.018 9Jl 5,244 3.794 126 3,911 834 2,695 17.622 5244 3,794 126 3.911 834 2,695 17,622 3.484 2,887 85 7242 925 2,633 18,167 4 Otber expenditur¢ UDre5trittsd Restricted 21124 2023 Office Costs Sub8CriPtioDs AccountaJ)cy Bookkeeping Bank cbaTÈes 743 588 .200 552 98 743 588 1.200 552 98 902 564 1,044 456 98 3,181 3,181 3,064 5 Investwenls Other RnvestmeDts Cost At l April 2023 20,000 At 31 March 2024 otber Snvestmellt$ 2024 2023 Listed izLvestsnents 20,000 20,000 Listed inv¢3th1ents at fjjarket value 25.370 23,070 Zion Bapt15t Church Trowbridge Notes to th¢ Account$ Foy the year ended 31 MY4rch 2024 6 Debtor5 2024 2023 Gift aid t&K claim Other debwrs 11,976 271 4,986 379 12247 5,365 7 lllvestments bejd as current lssets 2024 2023 Urlisied investments- CCLA dwosit 40,01)0 iO.O(M) 8 Creditors: amouttts falling due withill ODe year 2024 2023 Arxruals and deferred income ,752 4.133 9 UDrestrlcted funds Balsnee as at l April 2023 Balallee a$ at Expenditure 31 March 2024 Income Charitable fiu 90258 41,651 120,803) 111.106 90,258 41,651 20.f$03 10 Restricted reserve8 Balallet #s at l Apri12023 Balance as at Expenditure 31 Marth 2024 Ineome Youth Work Coffee Morning 436 96 436 96 532 532 The Youtb Work 15 to provide activities for young people. Tkne Coffee Mornin8 fund pays for speak¢rs. 12 All￿Y$l$ ofnet a55tts bebveen funds FiIed assets Net turreDt assets Tot81 Restiicted fitsjds Unrestticted fvnds 532 91.106 532 111,106 20,000 ?0,000 Net assets at the end of the year 91,638 111,638