REGISTERED CHARITY NUMBER: 1148492
Re
ort of the Trustees and Financial Statements
forthe Year Ended 31 Au
ust 2024
Corsharn Ba
tist Church
Mander Duffill
Chartered Accountants
The Old Post Office
4143 Market Place
Chippenham
Wiltshire
SN15 3HR

Corsham Ba
tist Church
Contents of the Financial Statements
for the Year Ended 31 Au
ust 2024
Page
Report of the Trustees
1 to 7
Independent Examinerfs Report
Statsment of Financial Activities
Balance Sheet
10
Notes to the Financial Statements
11 10 19
Detailed Statement of Financial Activities
20 10 21

Corsham Ba
st Church
Re
ort of the Trustees
for the Year Ended 31 Au
ust 2024
The trustees present their report together with the financial statements of the charity for the year ended 31
August 2024. The trustees have adopted the provisions of the Statement of Recommended Practice ISORPI
'A¢counling and Reporting by Charities,.
OBJECTIVES AND ACTIVITIES
Principal activity
The principal purpose of the Church is the advan￿rnent of the Christian faith according lo the principles of the
Baptist denomination. The Church may also advance educab-on and carry out other charitable purposes in the
United Kingdom andlor other parts of the world. The Church makes grants lo organisalions, provides building
and open space facilities., and other services. such as a Communty Money Advice Centre, to the general
public. The trustees have had regard to the guidance issued by the Charity Commission on public benefit
The charitsble purposes include the provision and upkeep of the Place of Worship and burial grounds, the
carrying on of all religious services, the payment. housing and pensioning of hvo Ministers of Religion, and a
Youth Pastor.
OTHER NAMES CHARITY KNOWN BY
The Charity is also known as CBC.
Page 1

Corsham Ba
tlst Church
Re
ort of the Trustees
for the Year Ended 31 Au
ust 2024
ACHIEVEMENT AND PERFORMANCE
Ministries and Activities
This report covers a period when Corsham Baptist Church (CBC) relumed to normal in person Sunday
gatherings following the lifting of Covid restrictions and all our ministries returned lo in person events.
The main purpose of these meetings and events 15 lo proclaim the Gospel of our Lord Jesus Christ which is
our primary calling. This was done al our three Sunday morning congregations at CBC {Corsham 9.15 and
11.15 congregations, Church on the Greenl and the fourth congregation, which is a fortnightly mid-week
congregation mainly for the elderty in our church meeting in Corsham.
Following work on the premises where the Church on the Green met in Rudloe and internal discussions at
CBC it was agreed to slop the Church on the Green meeting and most of the members moved to the 9.15
service al Corsham in the autumn of 2023.
Following this move we believed God was calling us to plant a congregation in Neston a I￿al village near
Corsham_ The new congregation called CBC Neslon started to meet in Neston village hall in January 2024
and was largely made up of members from the Church on the Green arid the 9.15 Corsham congregations.
Our new Associate Pastor who joined us in August 2023 leads the Neston congregation alongside other CBC
church leaders.
For the rest of the year the Sunday nY)ming meelings were held at CBC Corsham and CBC Neston wlh the
fortnightly mid-week congregation meeting in Corsham. We have continued to live stream our Sunday morning
services for the benefit of those who are unable to attend in person.
Unfortunately, in January our Senior Pastor beeame ill and was off work for the rest of the year. Our Associate
Pastor and the elders and other leaders covered all the aspects of the Senior Pastors role.
Souper Friday Ministry Report
Souper Friday was established a few years ago to provide a simple meal and companionship, primarily aimed
at those living alone. This ministry continues to thrive and is held every Friday at CBC Corsham. It is open to
all members of the community, offering an opportunty to share food and enjoy fellowship. In addition lo the
meal, the ministry supports individuals and families through a food bank. Most of the food is generously
donated by local 5uperrnarkets. other Organ￿ali0ns. and CBC members, making il a great way to share the
love of our Lord Jesus with those who attend. Furthermore. we offer support to those in financial need through
a money advice service.
At CBC, our priority is to express the truth of the Gospel and the love of God to a needy world. This is done
through our Sunday morning and mid-week services. as well as through our various outreach inib"atives, such
as.. Toddlers group.. Holiday Bible Club and Light Party (outreach mission to local children)", Easter and
Christmas outreach events.. regular women's and men's meetings," the Corsham Community Money Advice
Centre., and church midweek Life Groups for fellowship and the growth of faith and discipleship.
Through these effort5. we aim to serve the communtty, meet phYs￿al and spiritual needs. and provide
opportunities for individuals to grow in faith.
Our Youth Pastor and Children's Worker lead our work wilh young people with the aim of sharing God's love
and the Gospel with them du￿n9 these regular meetings and activibes_ We are actively involved in supporting
children and young people in local schools.
The church seek5 to implement good safeguarding practice with regards to Child Protection and Protection to
adults al risk. The church has a child and youth protection policy based on the Baptist Unions "Safe to Grow"
policy, both of which are available on request. DBS compliance and checks have been done throughout the
year and the team is headed by our Safeguarding Trustee.
We contr'nued to support our mission partners throughout the year in prayer and financially. Our mission
partners are the Oasis Centre a refugee ministry near Vienna in Austria Irun by international leamsl.. African
Inland Mission., Baptist Missionary Society supporting a specific project in India., The Bible Society..
Compassion UK,. Open Doors and Tearfvjnd.
Page 2

Corsham Ba
tist Church
Re
ort of the Trustees
forthe Year Ended 31 Au
ust 2024
During the year there was 1 child's dedication service. 3 funerals, 2 baptisms and 2 weddings.
Current and Future Plans
Senior Pastorfs Health and Insurance Provision.
Our Senior Pastor is currently off on long-term sick leave due to ill health. In respor¢se lo this situation, we are
utilizing the insurance provision available through the Bapt'st Union IBUI Ministers Pension Scheme. This
insurance covers the nece55ary financial support during this time. We are in the proce55 of ensuring that the
pension scheme makes these payments direcuy to the rninister to streamline the financial support. We are
actively discussing and planning the next steps regarding Ihe apF)ointment of a new Senior Pastor. Further
conversations will be held to ensure a smooth transits.on when the time cornes.
Rudloe Community Centre {RCC) and Partnership with Rudloe Community Association IRCAI.
The Rudloe Community Centre {RCCI, owned by Wiltshire Council IWCI. has been vacant since 2017. RCA
is currently negotiati'ng a lease agreement with Wiltshire Council to manage the property. CBC is looking to
partner with RCA to support the local community through a servicing agreement. This collaboration would
focus on enhancing our ability lo reach and support the people of Rudloe. The goal is to help revitalise the
community centre and use it as a hub for community acb"vities. Through this partnership. CBC aims to make a
meaningful impact on the local area and extend our support lo those in need in Rudloe in a Jesus shaped way.
Other oryanisations with which the charity operates
The church is a member of the Baptist Union of Great Britain and the Evangelical Alliance. We are also involved
with the Corsharn Ecumenical Group of Churches primarily aimed at organvzing the annual Good Friday walk
of witness," the Christmas Town carol Service., Bible Sunday.. Christian Week of Prayer and the Women's
International Day of Prayer.
Page 3

Corsham Ba
t Church
Re
ort of the Trustees
forthe Year Ended 31 Au
U5t 2024
FINANCIAL REVIEW
Financial position
The Church eonlinues to raise the funds which it needs to carry on ils activities frorn within its own membership
and congregations. No wider public appeal was made for lunds during the year.
The most significant expense relates lo funding the pastoral staff to le2d and coordinate the church's activities
including the Sunday Services, lo provide pastoral care for the congregations and the young People of the
church, and lo equip and encourage the membership in their life, Christian witness and service. In addition,
the Church Administrator oversaw administration and provided support to both the pastoral staff and the
trustees.
The Church continues to express its part in the life of the wider church by making gonts to national and
international Christian organisations and sctielies with Christian aims and objectives compatible with the
church's own charitable purpose. These grants amount to around 120A of the church's estimated annual
genera5 income during the year.
The Church is heavily dependent on ils membership working as volunleets in all aspects of the church'5
activities, many of which run with little or no impact on the church's expenditure but nevertheless contribute
substantially lo the achievement of the church's objectives.
The financial results for the year, together with a summary of the accounting F)olicies adopted are set out in
the accompanying financial statements.
The church is a participating ernployer in the Baptist Pension scheme. Unlike previous years, as of 31st August
2024 there was no shortfall and deficit payments to cover the costs of past service of rts employees who are
members of the Defined Benefit Plan when the scheme ceased.
In 2009, the church had a cessalion event under Section 75 of the Pensions Act 1995. As of 31stAugUSt 2024.
the church understsnds that there was no deficit. The church has no plan to leave the scheme. In November
2019 the church entered into a "Double Cessation Debts Arrangemeny. with the Baptist Union of Great Britain
and the Baptist Pension Trust Ltd. It should also be noted that The Trustee of the Scheme and the Bap115t
Union formally triggered the wind-up of the DB Plan with effect from 31 March 2024 and currently expect the
wind-up of the DB Plan to be completed in the first half of 2025. After wind-up was triggered in March 2024.
we have been advised by the Baptist Union and Trustee of the scheme that the previous cessation event
regime fell away. Vvhilst at that stage employers remained potentially liable should any shortfaS1 arise, they
have confirmed impacted organisalions should be released from this commitment with effect from 31 October
2024.
The great majority of donations to the Church continue to be made by standing order or bank transfer. and
throughout the last 4 years, regular giving has held up well_ Trustees have taken note of the changes in giving
patterns and continue lo regularly monitor cash flow. Moreover, at the point of signature. the trustees do not
anticipate that the ability of Corsham Baptist Church to continue operating as a going concern over the next
12 months will be affected.
Page 4

Corsham Ba tist Church
Re
ort of the Trustees
forthe Year Ended 31 Au
ust 2024
FINANCIAL REVIEW
Reserves policy
The Trustees have established a ReseNes policy to enable the church to fvnclion 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 Free ReseNes is in the range of 24 months normal running costs (£40,000
£80,000).
The Restricted and Designated Funds largety relate to the church's WOTk supporting our mission partners,
including mission trips, and to events being run by the church for both adults and young people. Where
Designated Funds are in deficit, this irkvariably relates to where the church has funded booking deposits or
tickets for events or mission trips up front, with recovery from participants to follow.
As at 31 August 2024. the church held total reserves of £1.523,699 of which £26.437 were Restricted and
£1.372.342 were Designated. Reserves that were neilher Restricted nor Designated amounted to £124,920.
The overriding aim for the year ending 31 August 2024 was lo work within a balanced budget but allocate
sufficient funds to continue lo upgrade our Audio Visual systems. continue our giving to support the work of
our Mission Partners at least for this year. and set aside money for building maintenance following the
quinquennial survey of our listed buildings.
CURRENT AND FUTURE PLANS
As mentioned earlier in the Report of the Trustees, the long term sickness of our Senior Pastor has brought
about 8 need for our A550ciate Pastor, Elders and other leaders to cover all the aspects of their role.
Discussions around future plans are undenyay for the potential next steps in identifying a new Senior Pastor.
Alongside the above, CBC is looking to partner the Rudloe Community Association {RCAI to support the local
community in Rudloe. RCA are currently negotiating a lease agreement with Wiltshire Council IWCI for the
Rudloe Community Centre IRCCI, which has been vacant since 2017. Some funding would be reqLJired from
CBC for the initial refurbishment of the premises and operating costs and pledges of increased giving have
already been rnade in this regard from within CBC. with one donor pledging £37,500 {including gift aid) for a 5
year period. This will allow ongoing consideration of the financial viability of this initiative during the remainder
of 2024 and into 2025, noting the first payment has been receNed and is held within a DeS￿nated Fund.
STRUCTURE. GOVERNANCE AND MANAGEMENT
Governing document
The Church is govemed by a Constitution adopted on 22 October 2018. This was a minor revision to that
adopted on 26 January 2009 to reduce the number of Trustee meetings required. which reflects the growth of
the church and the consequent necessity for greater delegation of authority. Previously the Church was an
"excepted" Charity under Sub -section 5 of section 3 of The Charities Act 1993. However, the Charities Act
2011 requires "excepted" charities to register with the Charities Commission rf their income exceeds £100,000
per year. The Board of Ttustees registered the Church with the Charity Commission on 9 August 2012. The
charity number is 1148492.
Corsham Baptist Church (also known as CBC) is a member of the Baptist Union of Gteat Britain. The West of
England Baptist Network IWEBNet} takes responsibility as custodian trustee5 for the church, manse and 16
Amolds Mead properties.
Recruitment and appointment of trustees
The Board of Trustees s*ks to ensure that the needs of the Church are appropriately served through the
diversity ofthe trustee body. The more traditional business skills are well represented on the Board of Trustees.
In the event of particular skills being lost due to retirements. individuals are approached to offer themselves
for election lo the Board of Trustees.
Page 5

Corsham Ba
tist Church
ort of the Trustees
forthe Year Ended 31 Au
ust 2024
STRUCTURE. GOVERNANCE AND MANAGEMENT
Leadership
The church is govemed by the Church Meeting. which seeks to discem the mind of Christ for the church.
Church Meetings are held once a quarter. Church members may serve as Deacons IresF)onsible for practical
matters) or Elders (responsible for spiritual oversight). Elections are held in accordance with the Church's
Governing Document. Elders and Deacons are elected for a three-year temi. with no limit to the number of
terms they may serve.
The Elders. together with the pastors, meet as the Oversight Team IOTI to seek the mind of God for the
running of the Church. The Deacon5 and Church Administrator meet as the Facilitation Team lo provide
practical irnplemenlation of OT direction. Each group meets once a quarter and additionally as needed. The
full Leadership TeaTn also meets together On￿ per quarter.
The day-to-day management of the Church 15 carried out by the A550ciale pastor Adam Jacques, supported
by Ruth Lancaster as Church Administrator and members of the Eldership team.
The church employs two other members of stsff to run Church ministlles. Dan Ovens is our Youth Pastor. Dan
and Natalie Ovens and their three children are living in the 16 Amolds Mead property- Rhiannon Price is our
Children's Worker.
In the light of the growth in the church and its needs for the future, the Leadership stfucture is under constant
review in consultation with church members. The new leadership 5ttucture was adopted from 1 January 2019.
Trustees meet less frequently as a whole group. bul these meetings are supplemented by smaller groups
focussed on specific areas of church life. A minor amendment lo the constitution was required to allow this.
Risk management
The trustees have undertaken a detailed considerabon of the financial and olhei risk5 to which the Church
may be exposed and they have agreed that these are adequately mitigated by the nature of the Church's
activities and the spectfic CiTCUmStances in which it operates. Inlernal control risks are minimised by the
implemenlalion of prO￿dureS for authorisation of all transactions and projects. pro￿dureS are in place to
ensure compliance with health and safety of stsff, volunteers and associates. These procedures are
periodically reviewed to ensure that they continue lo meet the requirements of the Church in satisfying the
stalulory and moral obligabons imposed by its activities. Controls are in place to provide reasonable assurance
against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity nurnber
1148492
Principal address
Priory Street
Corsham
Wiltshire
SN13 OAS
Trustees
A Christie
A G Pillinger
Rev R Durant
l HoSmes
Mrs E Pitsnan
J Street
T Lewis (resigned 29.4.2024}
Mrs S Wingrave (resigned 29_4.2024)
J Prior
RJWPerks
S Rowe (appointed 29.4.20241
A Jacqtjes
Page 6

Corsharn Ba
tist ChU￿h
Re
ort of the Trustees
forthe Year Ended 31 Au
ust 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Independent ExarnineT
Andy Davis FCA
Mander Duffill
Chartered Accountants
The Old Post Office
4143 Market Place
Chippenham
Wiltshire
SN15 3HR
Approved by order of the board of trustees on _--...--....--
Jwlol
and signed on its behalf by=
J Prior- Trustee
Page 7

Inde
endent Examiner's Re
ort to the Trustees of
Corsharn Ba
tist Church
Independent exarninevs report to the trustees of Corsharn BaptTSt Church
I report to the charity trustees on my examination of the accounts of Corsham Baptist Church {the Trust) for
the year ended 31 August 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with
the requirements of the Chartties Act 2011 I'lhe Act'l.
I report in respect of my examination of the Trusys accounts carried out under Section 145 of the Act and in
arrying out rny examination I have followed all applicable Directions given by the Charity Commission under
Section 14515}Ibl of the Act.
Independent examinerfs statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I
can confimi that l am qualified to undertake the examination because l am a member of the Institute of
Chartered Accountants in England and Wales, which is one of the listed bodies.
I have cornpleted my examination. I confinn that no material matters have come to my attention in connection
with the examination giving me cause to believe that in any rnaterial respecL'
accounting records were not kept in respect of the Trust as required by Section 130 of the Act,. or
the accounts do not accord with those records,. or
the accounts do not comply with the applicable reqU1￿ments concerning the foTm and content of
accounts set out in the Charities (Accounts and Reports} Regulations 2008 other than any requirement
that the accounls give a true and fair view which is not a matter considered as part of an independent
examination_
I have no concerns and have Come across no other matters in connection with the exarnination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts lo be
reached.
Andy Davis FCA
The Institute of Chartered Accountants in England and Wales
Mander Duffill
Chartered Accountants
The Old Post Office
4143 Market Pla
Chippenham
Willshire
SN15 3HR
Dale..
P2ge 8

Cotsham Ba
tist Church
Staternent of Financial Activities
for the Year Ended 31 Au
ust 2024
31.8.24
Total
funds
31.8.23
Total
funds
Unrestricted
funds
Restricted
funds
Note5
INCOME AND ENDOWMENTS FROM
Donations and legacies
316.760
19.586
336.346
277,427
Investment income
1.947
1.947
6,368
Total
318,707
19.586
338.293
283,795
EXPENDITURE ON
Raising funds
252,923
23,904
276,827
221.838
Total
252,923
23,904
276,827
221.838
NET INCOMEIIEXPENDITURE}
Transfers between funds
65.784
1.880
14,3181
1.8801
61,466
61,957
Net movement in funds
67.664
16,1981
61,466
61.957
RECONCILIATION OF FUNDS
Total funds brought forward
1.429.598
32,635
1,462,233
1,400,276
TOTAL FUNDS CARRIED FORWARD
1.497,262
26,437
1.523,699
1.462.233
The notes fomi part of these financial statements
Page 9

Corsham Ba
tist Church
Balance Sheet
31Au
ust 2024
31.8.24
Total
funds
31.8.23
Total
funds
Unre5trtcted Restricted
funds
funds
Notes
FIXED ASSETS
Tangible assets
1.315.964
1,315,964
1,317,094
CURRENT ASSETS
Debtors
Cash at bank and in hand
34,433
149.362
225
26,212
34,658
175,574
15,485
134,212
183.795
26.437
210.232
149,697
CREDITORS
Amounts falling due wrthin one year
(2.4971
12,4971
14.5581
NET CURRENT ASSETSIILIA81LITIESI
181,298
26.437
207,735
145.139
TOTAL ASSETS LESS CURRENT
LIABILITIES
1.497.262
26.437
1.523,699
1.462,233
NET ASSETS
1.497.262
26,437
1,523,699
1,462.233
FUNDS
Unrestricted funds
Restricted funds
1,497,262
26.437
1.429,598
32.635
TOTAL FUNDS
1,523,699
1.462.233
The financial statements were approved by the Board of Trustee$ 2nd authorised for issue on
- and were signed on its behalf by..
R Perks
J Prior- Trustee
The notes fomi part of these financial statements
Page 10

Corsham Ba
tist Church
Notes to the Financial Statements
for the Year Ended 31 Au
ust 2024
ACCOUNTING POLICIES
Basis of preparing the financial stateTnents
The financial statements of the charity, which is a public benefrt entity under FRS 102, have been
prepared in accordance with the Chaaties SORP {FRS 1021 'Accounling and Reporting by Charities..
statement of Recommended Practice applicable to charities preparing their accounts in accordance
with the Financtal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective
1 January 20191,. Financial Reporttng Standard 102 'The Financial Reporting Standard applicable in
the UK and Republic of Ireland. and the Charits"es Act 2011. The financial statements have been
prepared under the historical cost convention.
The charity is controlled by ils governing document, a deed of trust and constitutes an unincorporated
harity. The address of the registered office is given in the legal and administrative information on page
3 of the financial statements. The nature of the charity's operations and principal activities are provided
in the Report of the Tnjstees.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the
funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constnjctive obligation committing
the charity to that expenditure, il is probable that a transfer of economic benefits will be required in
Settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on
an accruals basis and has been elas5ified under headings that aggfegale all cost related lo the category.
Vlhere costs cannot be directly attributed to parb"cular headings they have been allocated to activities
on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated
useful life.
Church Building
Hut
Manse
Motor Vehicles
Fixtures and fittings
Not provided
Not provided
Not provided
250h on reducing balan
20% on cost and 1 on cost
Office equipment
Amolds Mead
33% on cost
Not provided
Taxation
The charity is exempt from tax on ils charitable activities.
Fund accounting
Unrestricted funds are available for use al the discreb.on of the trustees in furtherance of the general
objectives of the church. They have not been designated for other purposes.
Restricted fttnds are funds which are to be used in accordance with specific restrictions imposed by
donors or which have been raised by the church for particular purposes. The cost of raising and
administering such funds are charged against the specific fund.
Designated funds are funds which are to be used for particular projects as designated by the trustees.
The cost of raising and administering such funds are charged against the specrfic fvnd.
Page 11
continued...

Corsham Ba
tist Church
Notes to the Financial Staternents - continued
forthe Year Ended 31 Au
ust 2024
INVESTMENT INCOME
31.8.24
31.8.23
Tynings rent received
Deposit account interest
4,200
2,168
1,947
1.947
6.368
TRUSTEES. REMUNERATION AND BENEFITS
Over the year, a total of £521.0812023". £1.575.46} was paid out in expenses between 212023.. 41 of
the Trustees. All of these expenses related to costs incurred as part of the general running of the
charity.
During the year. salary of £33.154 12023.. £31,100) was paid to Rev. Robert Durant in his role as a
Minister. Rev_ Robert Durant is a trustee of the Church. In addition, pension contributions of £4.093
12023.. £3,802), rent £8,400 12023. £8,400), council lax of £1,724 12023.. £1.636}, and water rates of
£56012023.. £461} were paid ork behalf of the Rev. Robert DuranL
Adam Jacques also received a salary as a trustee of £28.458 12023 £2,327}. In addition, pension
contn"butions of £3,022 {2023 £1911, council tax of £2.38012023 £1911 and water rates of £53212023
£0)
STAFF COSTS
Wages and salaries 2024= £139,951 (2023= £105,453)
The average monthly number of employees during the year was as follows-
31.8.24
31.8.23
No. of employees
No employees received emoluments in excess of£60.CKJO.
TANGIBLE FIXED ASSETS
Church
Building
Motor
Vehicles
Hut
Manse
COST
At I September 2023
Additions
834,402
37,918
211.132
7.200
At 31 August 2024
834,402
37,918
211.132
7.200
DEPRECIATION
At 1 Septernber 2023
Charge for year
6,479
180
At 31 August 2024
6,659
NET BOOK VALUE
At 31 August 2024
834,402
37.918
211,132
541
At 31 August 2023
834,402
37.918
211.132
721
Page 12
continued.-.

Corsham Ba tist Church
Notes to the Financial Staternents - continued
for the Year Ended 31 Au
ust 2024
TANGIBLE FIXED ASSETS - continued
Fixtures
and
fith.ngs
Office
equipment
Arnolds
Mead
Totals
COST
At 1 September 2023
Additions
94.797
1.994
9.958
219,501
1,414,908
1,994
Al 31 August 2024
96.791
9.958
219,501
1,416,902
DEPRECIATION
At 1 September 2023
Charge for year
83,270
2,470
8.[￿5
475
97,814
3,125
At 31 August 2024
85.740
8.540
100,939
NET BOOK VALUE
At 31 August 2024
11.051
1,418
219,501
1,315,964
At 31 August 2023
11.527
1,893
219,501
1,317,094
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24
31.8.23
Trade debtors
Prepayments
27.074
7,585
11.292
4.193
34,659
15,485
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24
31.8.23
Trade creditors
Other creditors
697
1.800
1,575
1,862
2.497
3,437
Page 13
continued...

Corsharn Ba
tist Church
Notes to the Financial Statements- continued
for the Year Ended 31 Au
ust 2024
MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
between
funds
Al
31.8.24
At 1.9.23
Unrestricted funds
General fund
Anne Killingback Mission Fund -
Designated
Fixed Asset Fund - Designated
Ladies Ministry - Designated
Men's Ministry - Designated
Youth Events - Designated
Childrens Events- Designated
Youth Weekend- Designated
DTI Camp - Designated
Ladies Residential - Designated
Events 11.15 - Designated
CBC Benevolent Fund
NeslonlRudloe- Designated
Souper Friday - Designated
Legacies - Designated
96,918
4,613
28,002
124.920
4,613
1.317,094
673
1,585
1941
(1,130)
379
11.5961
988
{261
{1.0401
1,396
{2,1721
15281
16261
38,410
5,605
1,315,964
1,052
894
1261
17441
2,842
13,0051
15281
4,878
38,410
7,002
1,000
296
1.446
1834)
5.504
1.397
1.000
1.429.598
67.664
1.497,262
Restricted funds
Mission Fund
Junior Church
Tearfund
Mission Fund-mission trips
EbolalOasislOasis IT Austria
Compassion
Debt Avice
Souper Friday - Restricted
19.352
75
736
6.367
79
20
1.910
4.096
{1,9701
17.382
75
1.107
1.245
79
199
910
5,439
371
15.1211
179
11.0001
1,343
32.635
6.198
26,437
TOTAL FUNDS
1.462,233
61,466
1.523,699
Page 14
continued...

Cotsham Ba
tlst Church
Notes to the Financial Statements - continued
for the Year Ended 31 Au
ust 2024
MOVEMENT IN FUNDS- continued
Net movement in funds, included in the alxjve are as follows-
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
Fixed Asset Fund - Designated
Ladies Ministry - Designated
Men's Ministry - Designated
Youth Events - Designated
Childrens Events- Designated
Youth Weekend- Designated
DTI Camp - Designated
Ladies Residential - Designated
Events 11.15 - Designated
CBC Benevolent Fund
NestonlRudloe - Designated
Souper Friday - Designated
262.290
{234,2881
11,1301
11,4021
{3.3411
{1,1251
1261
12.5801
12.8981
17,9591
15281
17261
11101
s.(￿7
28,002
11,130)
379
11,5961
988
126)
11,040}
1,396
12,172}
{528}
{626}
38,410
5,605
1.781
1,745
2.113
1.540
4.293
5.787
100
38,520
538
318.707
1251.0431
67,664
Restricted funds
Mission Fund
Tearfund
Mission Fund-mission trips
Compassion
Debt Avice
Souper Friday - Restricted
2.220
372
120
179
1,000
15.696
{4,1901
11.970}
371
15,121}
179
11,000}
1,343
15,2411
12,0001
14,3531
19,586
25.785
6,198
TOTAL FUNDS
338.293
276,8271
61,466
Page 15
continued...

Corsham Ba
1st Church
Notes to the Financial Statements - continued
for the Year Ended 31 Au
ust 2024
MOVEMENT IN FUNDS- continued
Comparatives for movement in funds
Net
movement
in funds
At
31.8.23
At 1.9.22
Unrestricted funds
General fund
Anne Killingback Mission Fund -
Designated
Fixed Asset Fund - Designated
Ladies Ministry - Designated
Men's Ministry - Designated
Youth Events - Designated
Youth Weekend- Designated
DTI Camp - Designated
Covid 19 Benevolent - Designated
Ladies Residents"al - Designated
61.3C
974
51,848
(9741
113.154
1,315,973
98
{1,401}
448
13681
{2,2761
720
834
1.315.973
1981
1,401
14481
368
2.276
{7201
8341
1.376,308
52,819
1.429,127
Restricted funds
Mission Fund
Mission Fund-mission trips
Debt Avice
Souper Friday - Restricted
General Funds - Reslricted
{2,7991
119
90
{6.0771
32,635
2,799
11191
1901
6,548
471
32.635
23,968
9,138
33,106
TOTAL FUNDS
1,400,276
61,957
1,462,233
Page 16
continued...

Corsham Ba
tist Church
Notes to the Financial Statements - continued
for the Year Ended 31 Au
ust 2024
MOVEMENT IN FUNDS- continued
Comparative net movement in funds, included in the atove are as follows"
Incoming
resources
Re50urces
expended
Movement
in funds
Unrestricted funds
General fund
Anne Killingback Mission Fund-
Designated
Ladies Ministry - Designated
Men's Ministry - Designated
Youth Events - Designated
Youth Weekend- Designated
DTI Camp- Designated
Covid 19 Benevolent- Designated
Ladies Residential - Designated
258.076
1206,2281
19741
51,848
1974}
529
2.478
881
1.607
3.498
16271
(1,0771
{1,3291
(1,2391
(1,2221
17201
5.5951
1981
1,401
{4481
368
2,276
17201
8341
4.761
271.830
1219.0111
52,819
Restricted funds
Mission Fund
Tearfund
Mission Fund-mission trips
EbolalOasislOasis IT Austria
Compassion
Debt Avice
Souper Friday - Restricted
3,299
674
1,406
358
151
15001
16741
11.5251
{3581
1151}
190}
471
2,799
11191
1901
6,548
6.077
11.965
2.827
9,138
TOTAL FUNDS
283.795
221.838)
61,957
General fund.. Unrestricted funds are available for use at the discretion of the trustees in furtherance of
the general objectives of the church. They have not been designated for other purposes.
Fixed asset fund.. Is rep￿ented by the value of fixed assets.
Restricted funds.. Restricted funds are funds which are to be used in accordance with specific
restrictions imposed by donors or which have been raised by the church for particular purposes. The
cost of raising and administering such funds are charged against the specific fund.
Designated funds.. Designated funds are funds which are to be used for particular projects as designated
by the trustees. The cost of raising and administering such fvnds are charged against the specific fund.
Page 17
onb'nued...

Corsham Ba
tist Church
Notes to the Financial Statements - continued
forthe Year Ended 31 Au
ust 2024
CONTINGENT LIABILITIES
The Church is an employer participating in a pension scheme known as the Baptist Pension Scheme
l-the Scheme"), which is administered by the Pension Truslee {Baplist Pension Trust Limited). The
Scheme is a separate legal entity and the assets of the Scheme are held separately from those of the
Employer and the other participating employers.
For any mnth, each participating employer in the Scheme pays contrtbutions as set out in the Schedule
of Contributions in force at that time.
The Scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This
is because it is not possible to attribute the Scheme's assets and liabilities to specific employers and
mean5 that contributions are accounted for as if the Scheme were a defined contribution scheme. The
pensions costs charged to the SOFA in the year are contributions payable towards benefits and
expenses accrued in that year. plus any impact of deficiency contributions
The Ministers are eligible lo join the Scheme. From January 2012, pension provision is being made
through the Defined Contribution (DCI Plan within the Scheme. In general, members pay 8Vo of their
Pensionable Income and employers pay 60A of members, Pensionable Income into individual pension
accounts, which are operated and managed on behalf of the Pension Trustee by Legal and General
Life Assurance Society Limited. 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 in the event that they are unable to work due lo long-
term incapacity. This income protection policy has been insured by the Baptist Union of Great Britain
with Unum Limited. Imembers of the Basic Section pay reduced contribution5 of 50k of Pensionable
Income, and their employers also pay a total of 5Vo.l The further 40k contribution rate is reduced to 30
for Employer contributions made to the Segregated DC Arrangement
Benefits in respect of service prior to 1 January 2012 are provided through the Defined Benefit IDB}
Plan within the Scheme. The main benefits for pre-2012 service were a defined benefft pension of one
eightieth of Final Minimum Pensionable Income for each year of Pensionable Servi￿, together with
additional pension in respect of premiums paid on Pensionable Income in eX￿sS of Minimum
Pensionable Income. The Scheme. previously known as the Baptist Ministers. Pension Fund, stsrted
in 1925, but was Closed to future accrual of defined beneffts on 31 De￿rnber 2011.
A formal valuation of the Defined Benefft {DB} Plan was perfomied at 31 December 2016 by a
professionally qualified Actuary using the Projected Unit Method. The market value of the DB Plan
assets al the valuation date was £219 million.
The valuation of the DB Plan revealed a deficit of assets compared with the value of liabilities of £93
million {equivalent lo a past Servi￿ funding level of 70Yol. The Church and the other employers
supporting the DB Plan are collectively responsible for funding this deficit
The key financial assumptions underlying the valuation were as follows..
Type ol Assumption
RPI price inflation assumption
CPI price inflation assumption
Minimum Pensionable Income increases {CPI plus 0.75%
pal
3.50
2.75
3.50
Assumed investment returns
Pre-retirement
Post retirement
3.50
2.25
Deferred pension increases
Pre April 2009
Post April 2009
3.50
2.50
Page 18
continued...

Corsham Ba tist Church
Notes to the Financial Staternents - continued
forthe Year Ended 31 Au
ust 2024
10.
CONTINGENT LIABILITIES- continued
Pension increases
Main Scheme pension Pre April 2006
Main Scheme pension Post April 2006
2.70
2.00
As there is a large number of contributing employers participating in the Scheme, the Church is unable
to identify its share of the underlying assets and liabilities of Ihe scheme. Accordingly. due to the nature
of the Scheme, the charge shown in the Statement of Financial Ath"vities for the period represents the
employer contributions payable_ The total pension cost for the Church is £7.46612018 £7,286).
Consequent upon the departure of the Minister from the Church the Church would have a cessation
event under Section 75 of the Pensions Act 1995. This would make the Church liable for the proportion
of the overall deficit (assessed by reference to the cost of securing benefits by the purchase ofannuitiesl
applicable lo its previous Ministers who were members of the Scheme. It would not be possible to
quantify this debt wilhoul an actL¢arial calculation.
An estimate has ￿en provided by the Baptist Pension Scheme for the Church's debt relating to the
deficit. the eslimale, based on a cessation date of 20 August 2019 is £126,700 122 August 2018
£153,500). However, as the estimate does not meetthe FRS 102 Section 21.4lc} criteria for a provision.
the Iruslees have decided to disclose this as a contingent liability.
The Trustees and the Baptist Union formalty triggered the wind up of the DB Plan with effeet from 31
March 2024 and currently expect the wind up of the DB Plan to be completed in the first half of 2025.
After windup was triggered in March 2024, we have been advised by the Baptist Union and Trustees of
the scheme that the previous cessation event regime fell away. Whilst at that stage employers remained
potentially liable should any shortfall arise, they have confirmed impacted organisations should be
released from this commitment with effect from 31 October 2024.
11.
RELATED PARTY DISCLOSURES
The custodian Truslee of the church is the West of England Baptist Network {WEBNetl (formerly known
as the Wesl of England Baptist Association)- Chartty number 1092443. The church is also a member
of the Baptist Union of Great Britain.
The church made a donation to the Baptist Union Home Mission Scheme IWEBNel Partnership for
Mission Fund) of £7,00012023". £4,6671 during the year.
The total amount of employee benefits r￿1Ved by key management personnel during the year was
£85,061 12023. £71,100).
The church rnade a donation to The Bible Society of£2.250 during the year. Susan Wngrave (Trustee}
is employed by The Bible Society who receive Mission Support from the Church however, she left her
role as a Trustee of CBC on 29 April 2024.
Mrs Anne Holmes who is married to lan Holmes. a trustee of the church, is employed as the Church
Cleaner. During the year. she wa5 paid a Salary of £4.51812023'. £4,123).
Page 19

Corsham Ba
tist Church
Detailed Statement of Financial Activities
for the Year Ended 31 Au
ust 2024
31.8.24
31.8.23
INCOME AND ENDOWMENTS
Donations and legacies
General offerings and donations
General offerings and donalions-reslricled
316,760
19,586
251,190
26,237
336,346
277.427
Investment income
Tynings rent received
Deposit account interest
4.200
2,168
1,947
1.947
6.368
Total incoming resources
338,293
283,795
EXPENDITURE
Raising donations and legacies
Salaries
Ministry and Pastoral care
Worship expenses
Publicsty
Admin .' subscriptions
Admin .' telephone
Admin .' other costs
Ministry expenditure.'Other
Outreach CMDAC
Outreach.. Mums and Tots
Outreach.. Christianity explored
Outreach. Events
ission Home mission
Mission Others
Upkeep of Church
Other Premises Costs.. Council lax & Insuran
Other Premises Costs.. Water
Other Premises Costs.. Kitchen
Other Premises Costs.. Heath & safety
Other Premises Costs.. Building hire &
professional fees
Upkeep of Church.. heat & light
Upkeep of chU￿h ." insurance
Upkeep of church.. Repairs & maintenance
Outreaeh.. The Ark
Fabric.. Arnolds Mead
Fabric.'The Tynings
Fabric.. General
other Premises Costs.. Long Close Ave rent
Other Premises Costs.. Long Close Avenue
CTaxlwater
Carried forward
139,951
14,849
5,051
933
1,348
579
2,953
609
1,880
120
132
19,965
7,000
15,836
5,170
5.500
181
1.280
78
105,453
3,748
2,116
432
1,203
718
2,930
884
2,235
55
78
21.303
4.667
14,487
6,757
1.813
134
1,125
675
3,196
8,706
2,816
3,074
98
1,768
2,866
395
8.400
1,875
7,446
1,839
3,540
215
1,501
2,942
654
8,400
2,284
257,018
1.932
201.157
This page d￿S not form part of the statutory financial stslements
Page 20

Corsharn Ba
tist Church
Detailed Statement of Financial Activities
for the Year Ended 31 Au
ust 2024
31.8.24
31.8.23
Raising donations and legacies
Brought forward
Fabric". The Hul
AIM
ICT
BMS
The Bible Society
Open Doors
Teaching.- Junior Church
Teaching.. Small Groups
Teaching.. Youth
Teaching." Ministry Training
Named projects
Depreciation of tangible fixed assets
Bank charges
257,018
201.157
30
1,761
1,909
1,150
2,850
2,650
323
2.500
1.053
1.000
2.250
2.250
70
{601
274
679
3.980
3.125
106
310
205
7,117
99
274.243
219,361
Support costs
Governance costs
Accountancy and legal fees
2,584
Totsl reSoUr￿S expended
276,827
221 838
Net income
61,466
61,957
Thi5 page does not form part ofthe stslutory financial statements
Page 21