REGWERED COMPANY NUMBER: U9388657 (England Wales) REGISTERED CHARITY NUMBEIL. 1160363 Report of the Tn￿tee8 and Flnanelxl Ststements for tht Year Ended 31 Marth 2025 ror THORNBURY BAPTIST CHURCH THOIiNBURY BAPTIST CHURCH ConteDts of the Flnantlal Ststements FOR THF. YEAR ENDED 31 MARCH 2025 Pag¢ Report of the Trustees Report of the Independent Audlto Statement of Flnanclal A¢dvltles 12 BAlante Sheet 13 Cash Flow Statement 14 Notss to the Cash Flow Statement 15 Notes to the Flnancl#l Statemtnts 16 to 28 THORNBURY BAPTIST CHURCH Report of the Trnstees FOR THE YEAR ENDED 31 MARCH 2025 Tbe Trust¢cs who are also directors of the charity for thc PUTPOSCS of the Cornpanies Act 2006, present their report with the financMI statements of the cbaLIty for the y￿r ended 31 March 2025. The TtusLees bav¢ adopted the provisions of Accounting and Rcwrting by Chantses.. Statem￿t of Rec￿)mended Practice atp]i¢abEe to charitics preparing their accounts in accordancc with the Financial Reporting Stsndard ap¥Jicablc in the UK and Republtc of Ireland (FRS 102) (¢ff¢ctive l January 2019). OBJF.￿1VEs AND AcfIvITtEs Objectives and aims The objcctive of the church is to proclaim the gospel of Jesus Cbrist in the local area a￿1 throughout the world. This is summed up in the ChU￿h mission staternenl ￿1¢h Ls ds follows: ollowing the way of Jesus. by loving God, one another and the worfd., SlgnlflcAnt &¢dvlde$ During the past yvar the church has sought to cipress that ObJ￿tive by se&ing to he]p. bkss and beneftt our locaL national and intema lional community links. Some of Ihe i'ery many activitles which have been undertaken are set out in the "charitable activities" scction below. and it is consid¢rcd that thcy arc all for ihc public bcncfit. Publlc beneflt The Trustees have referred lo thc guidance contained in the Cbariiy C(MnmissAon's general guidanc¢ on public benefit when reviewing our aims and objectives and in planning our current and future activities. Mlnlstry Duiing tbe year the Chll￿ h's activities were made p)ssible by the many m¢3nbers of thc Thornbury Baptist Chll￿h famity who used their timc and wfts to serve the vision and lif¢ of thc LL)mrnunity. The church TNstees aiid thc cldcr8 would like lo take this opportunity to say hOw￿81CrUI we are to be in a place wheff so many people have been ￿fIed to .qerve in 80 many different ways. Page I THORNBi]RY BAPTIST CHURCH Report of the Tru8tse$ FOR THE YEAR EIYDED 31 MARC][ 2025 ACHIEVEMENTS AND PERFORMANCE Charit4ble activities I￿111]g the lasi year the Churth has beeD activety developing its local community. naiional and int¢mational llliks. Worshipplng Cungregatlon The church holds weckly mcctin&s for ChTiStian worship on Sunday moTnings all of which are open to the community. Around 250 - 300 people of all ages attend these meetings on an average Sunday. The church has grown steadily in this period and continues to offer two separate services each Sunday morning. The service is live streamAI and the recording posted via our website, FaCeb￿k and YouTube chann¢L enab]ing those unable lo aitend the seTrice to lake prt, with the YouTube channel alone logging in ihe ￿gI0￿ of 100 - 250 views each weck. Sunday discipleship groups for children and youth of Cbiistian farnili We aim to be a wckorningchurch forthose interested in fjnding out more about faiih. One opt]on forthose who want to know more is lo join one of regularty held 'Alpha' courses wbich are a good Introduction to the Chrkstian faith. Several people have attended such a COUTEC over the past year. About 600/0 of the church meet in small ￿llp$ throughout the week. Through the church's Care Fund. we have been ablc to support indIv￿lla￿ and families who are in urgent need. A small but flourishing Ukrainian language church meets on d SuTJday afterno￿. serving the needs of our Ukrainian ex-pat congregation under the Icad¢rship of a Ukrdiniall Baptist pastor. Lo¢AI Communlty Local community activities incknde the local Food Bank (An partnct5hip with other local chu￿beS). pmvision of debt advice 5UPPOrtMnd cuunsellin% a thrivin8 softplay Lxfe three mornin88 per wcck forparentslcaffrs and theirbabies and tnddlers; and the Two by Two, toddler groups, which mee( on the oiher two mornings a week. The weekly seniot3' h￿Ch club and m￿1hty seniors, Afternoon Tea events are very popuiar, oldcr folks from the local community and the church. Youth provision inckndes a wcekty open access youth clubs of age 11-14 and 15-18. The church premises are available and have been used by other community groups throughout the year. Re%loDal gnd nxtlonal Thombury Bairtisl c.hurch have links with a number of mi￿10￿ partners, offcritig support vaIiotssly throu0] prayer, practical involvement, or fman¢ial assisthnce. Localty we have continued to develop suth links with Bck)vcd in BTiStol. supporting sex W0￿cTr in leaving th&$ work: the Willow Tree Centre, supporting those who have suffered baby-k)&s' the Julian Trus4 providing food and beds for horneless people. During the year we began to support the WO￿ of the Br￿01 based charity Siyiy-one, ￿leb supports people in prison and their release. Oasis, onr assisted living homc. continues to provide a supportive home for homeless men. NatIO￿llY we have conlinuol our links with a coupk w0￿m80n 8 dcptivcd estate in Hull and with LZ7 & music *ased youth outreach bascd iti Manchester. Page 2 THORNBifRY BAPTIST CHiIRCH Report of the Trustees FOR THE YEAR EI4DED 31 MARCH 2025 OverseAs r international links include. support for the tsxinin g of smdents through the YWAM Malaysia organisation. an outredch lo kical children and the Roma community in Bulgaria. support lor a local cburch's outreach amongst poor communities in Romania: the provision of training and literdture for ELAM, W0￿7￿g with Ir4n4n po)pl¢,' the support of a 14ison Outreach ministy iti Eastern Eumpe. througb Trdnsfom) EuADpe Network. the provA&ion of education and social progrnmmes in Africa and India, throu￿ CRETr, the suppon of Christian outreach to Jewish people. through Jews for Jesus. the SU￿ort of Chrigiian satelliie broadL7Stin& through SAT-7" and social progtanmTres amongst somc of thc poorcst communrti¢s ID Indja, through the Bndge Trnst. All of our mission activity 15 overseen by our Mission Focus Group who provide a fiT5t line of support and accountability. FINANCIAL REVIEW Financial position The financial positton of the chU￿h is satisfactory. During the year under review, the total income was £1,089,645 (2024 - £1,131.880) of which £664.444 (2024 £712.648) was received SP￿ if1￿llY for the building project (Ind treated as a restricted fund (Bullding Fund). There was net incomc, after transfe￿, of £5202 (2024 - net expenditu £7,734) on unre5tri¢ted funds and Det inc(mc of £662.890 (2024 _ £710.429) on restricred funds during the year of which £664.445 (2024 - £712,648) ttkted lo the Bui]ding Fund. Assets The freehold ¢Jf the sile on vthich the Church buildin&5 arc situatol iq held within a small unregistered and exempt CIHriry. inLludes the siie of the original Chapel building whKb Wds gifted to thc then chU￿b by a convcyance datcd 27 JunL 1789. This frnuhold s￿¢ aLso inLludcs addrtional land purchascd many years ago (before this coM￿nY wa5 inco￿Ordt¢d) on whlch bad bcen constwcted the modern building This Un￿giste1￿d charity ("17A9 Chatity.) has, until recently, had a group of indii.'idual Tru5tces. Ill order to rcgularise the position, in earty 2025. the th￿ Trustees reswed a￿1 this Church Charity Company was appointol the Solc Trnstee of the 1789 Charity. As 8 result. because the fttehold site is under the effective Control of the Compny. the expenditure llicutred on Ihc buildings (exten8Av¢ modemisation atxl an addol extettsx)n) bas been ￿pi¥ll$¢d (see note 13 on ￿Se 21 of the atts¢h Accounts). It is pi'oposed lo depreciate the costs ffincurred oi'er the next 40 years, in line with the recently updated f￿ed ass¢t and dcpreciation policy. with iransf¢rs from th¢ Restrict¢d Building Fund. Reserves policy The TNstecs llim to Maintain free reserves Tn unrr5triclcd funds at a level vthich equates to approximatety three months of unrestricted charitable expellditu￿ b¢ing£89.589 (2024 - £68228). At the year end. there were free resfflves of £183.163 (?024 £177.413). dcsignatal reserves of £26.156 (2024 £26,705) and rcstrictcd funds of £1,494,931 (2024 - £832,040). The Trnslees have considered the ￿Trellt policy of holding just 3 rn￿thS of nomial expenditure and believe this is an awropriate level. The decision to employ another full4ime pastor iq lik-ety to lead to the actha I free reserves reducing in the shurtlinedium tenn. The Tmslees will continue to monitor the levcl of ftee reserves going fonvard. Golng cDncern The Ttustccs consider that thc charity will continuc as a goin g conccm for a pcriod of at kast 12 months from the date on which these fmancial statements are appToved as the charily holds sufficient Teserves. The Trustees Iberefore consider it appropriate to adin)t the going concern basis of preparntion of the acc(xLnts, as d¢tail¢d in not¢ I to the fmancial s(atcm¢nt& Page 3 THORNBtiRY BAPTIST CHifRCH Report of the Trustees FOR THE YEAR ENDED 31 fvL4RCH 2025 FUTURE PLANS r church aims are to continue to be used by God to show His love to our community where we live and share the good news of His gospel in all we do. We expect thal most ofihe work mentioned alJ)ve will continue alld develop. In addition, in the comingperiod wc anti¢￿a[c. The completion of the repir and ttdevelopmrnt WOTk on the ding. including thc landscaping of thc garden and sidc entrnnce. Expandll)g the Leadetship t¢am the addition of a fllll_titnc Pastor. Dcve]opin8 a wider group ofyoullger Icedcrs. STRucfuRE. GOVERNANCE AI¥D MANAGEME Governlng doeument Tlie charity is controlled by its governing document. lls Articles of Association. and cfflstitutes a limited company. ]imrted by guarantee. as dctmed by the Companies Act 2006. Recruitment and *ppolntJnent of new trustees The charity will look foi. new tNslees as Arquired. Such pe￿)￿s will need io be eligible to serve in accordance with cht Articlcs of Association. Page4 THORNBURY BAPTIST CHURCH Report of the Trustses FOR THE YEAR EM)ED 31 MARCH 2025 STRUCTURE, GOVER￿'ANCE AND MANAGEME Organisadonal structure Le&dL¥rshlp The spirtiual oversight of the church, and the week40-week maDa.￿Ment of the church ts provided by a wup of elders. affirmed by the cong￿g￿Li0￿. The elde[5 med weekly, and liaise tegu]arly with the Twstees, an eider always being present at a Trustees meeting to establish Glcar communication bctwcen the two ￿ups. The elder5 a]80 meet monthty vrith the wider church Ninistry Team Lcadus, group as a wider Icadcr5h4) team for the Sharing and d&scussion of ideas about the development of the church's V￿10￿. Those who served as elders in the year under review we￿. Paul Ferguson (Team Leadu- employed) Sally Heath David Ling Peter Hunter Cliri8 Beddoes Rauhael Beddoes Staff Tedm Throughout this period tbe church were a]so served by a paid 51aff team as follows: Team Lcader {FIT): Teschitig Pastor (PIT). Yuuth Team Leader (prr); Youth W()rker (prr untll Scptember2023) Youth Wurkerlyuung Adults W0￿er (prr from Octobcr 2023): Pioneer Families Worker (Fm. Children's Worker (prr) . (lasis House Manager(PID Church Centre Mallager(Frr) Events Manager (PIT). Carctakcr {P/T)' Cleaner Iprr). The staff team ov¢￿et teams of volunlecrs without wthom many of the churnh's actAVities could not n￿. Famlly Forum Thc Famity Fotum is a mectingof membets of the church communiry. At.8uch rneetin￿. th¢ mcmbers together seek to undersland God's plan5 and pu￿OseS for thi8 chu￿h. We aLso review the aclivities of the church oveT the lasi quarter including mission and youth wodt and arc wen infornjation on ihe fmances of the church. The decision to appoint pastors and elders is aL80 made by the family foNm. Related pArdes Noiie of thc Trustecs receive ￿munc￿tion 01 otherbcnefrt for their wodt wtth the ¢hanty. Rlsk management The Trusiees have a duty to identity a￿1 review the risks to NvhKh the charity i8 exposed aad to ￿sllre appropriate controls are in place to provKie r¢asonable assurdncc against fraud and error. REFERF.NCF. AVD AD￿NI￿RATIV￿ TJETAIts Reglstered Compgny number 09388657 (England and Wales) Pagc 5 THORNBURY BAPTIST CHURCH Report of the Trustees FOR THE YEAR ENDF,D 31 MARCII 2025 Regfistered Charity number 1160363 Registered ufflce Thombury Baptist Church Centre Gillin&8tool Thombury Bristol BS35 2EG Trustees D Tllbb T P Wicks A E r)uk"es D J Baker-Falkner P D Jollcy lappoinled 30.10.25) W Pele￿ (&ppoitlLed 30.10 ?5) The ttuslecs are also dWectO￿ for the purpose6 of Company law. Audltors Gravita Audit Western Limited Chartered Accounianls and Statutory Audrtots Bath Ilous¢ 6 - X Bath Street Bristol BSI 6HL Bankers National W¢stmin,sterPank PIC 250 BLthop8gaie London EC2M 4AA Web address v4ww.thDmburybapt?Stchurch.o￿uk Page 6 THORNBURY BAPTIST CHURCH Report of the Trnstt¢S FOR THE YEAR ENDED 31 fvL4RCH 2025 ST ATEMEKf OF TRUSTEES, RESPONSIBILftIES The Ttustees (who are a]so directors of Thombury Bai*￿t Church forthe purpos¢8 of comtHny law) aff respunsble for preparing the Trustees, Annual Report and the fmancial slalanents in accordance with &ppli¢able law and Unitcd Kingdom Accounting Standards (Uniicd Kinodom Gcncralty Accepted Accounting Practice) including Financial Reporting Standard 102 ￿he FitiancialReportingStandard applKable the UK and the Republic of Ireland" Company law rcquires tbc Tn].stces to prcpare fmaDcial statements for each fu]ancial ycar. Undcr CoM￿nY law the trnstecs must not approve the fmancial StstcM￿ts unlc5s they a￿ satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and appkncation of reSoU￿es, including the income and expenditure, of th¢ charity for that period. In preparing these fmancial statements. thc tnLStee8 are ￿qUired to.. - select suitable accounting polici¢s and then appty them consistentty; - obseThe the methods and piinclples in th¢ Charities SORP 2019 (FRS 102): - make judgements and estimates thai are Tcasonabk and prndent: stale whether appI￿&ble UK Accounling Standards have beth followed. subject to any material disclosed and cxplained in the f￿ancial statements. and prepare the financRI slatemcnts on the bving concern basis lln1e￿ il is inappropriate lo presujne that th¢ charity will coniiiiue in opcrdtion. departures The trustees ar¢ responsble for keeping adeq￿te aCC(￿nting records that disck)se with ffasonabie aC￿racY ac any lime the flnanclll position of the charity and enable them to cnsure thai the fu￿n¢￿1 slalemsY)Ls comply wilh Ihe Companics Act 2006. They arc also responsible for safeguarding the assets of the charity and he￿ce for taking reasonable ¥tePs for the prevention and detection of ftaud and other Irre￿larities. In so faras the Trustees are aware: there i% no ￿levant audit infomiation of which the Charity's audilot5 are unaware. and the TnJ.stee.s have tsk¢n aIl steps that tly ought ty have tsken to mak'e than8eIves aware of any relevant audii infomiation and to establish that the audilors arc aware of that iDfomiation. AUDITOILS The auditots, Grnvits Audit Western Limiled. will be proposed for re -appoitilmcnt at the fotthcoming Annu81 General Meeling. ThL8 IEPOrt has heen p￿￿￿red in accnrdance with the 4)ccial provi8ions of Part 15 of the ComFwnies Act 2006 reknting to small Gompanies. Appmved by orderof the board of trnstccs on ....... and signed on its behalf by- ILOI T P Wicks - Trustee Page 7 Report uf the Independent Audltors to the Members of Thornbury Baptist Church Oplnlon We have audiled the fi￿ne￿I statemalts of Thombury Baptist Church (the 'chaiitable comFOny) for the year ended 31 March 2025 which comprise the Statemcnt of Financial Aetivitics. the Ba]ance Sheet, the Casb Flow StatCM￿t and notes to the fmancial stttements. including a summary of SI￿lficant accountmg policies. The fwancHI ￿porting framework Ihat hai> been applied in (heir prepardtion is applicable law and United Kingdom Accounting Stanthrds (Untied Kingdom Generalty Accepted Accountmg Practsce). In our opinion thc f]nancial statCTncnts: ve d ttue and fair view of the state of tbe charitsble comtAny's affairs as at 31 MaTch 2025 and of its incoming resources and apph"caiion of resources, including its income and expcDditure. for the year then ended; bave been properly prepared in accordance with United Kingdom Generdlly Accepted Accounting Practice; and have been prepared iti accordance wlth the r¢quArements of the Companies Aci 2006. B*sl8 for opinion We conducied our audTC in accordance wich Iniernational Standards on Auditing (UK) aSAs (UK)) and aFylicable ]aw. Our responsibiknties under those standanls are further descnbed in the Audilor5' responsibilities foT the audit of the financial statements section of our report. Wc are independent of the chatithbk coinFOny in accordance Thryth the ethical requirements that are relevant to our audit of the fmancnl statemffl(s in the UK including the FRC'S Ethical Siandard, and we Iiave fuifilled our other ethical responsibilities in accordance wilh ibc5e requiremeiits. We believe that the audit evidence we have obtained sufficient and appTOPTiate lo provide a basis for our OPTnion. Concluslons reladng to golng concern In auditing Ihe t￿anC￿l statements. we have concknded ihai the trus(ees'use of the going concern basis ot accounting in the prcparation of the fmancial statcrnents is appropiiate. Bascd on thc work wc have pcrfomiLIl. wc havc not Klentificd any matcrial unceffainties relatTng to cvcnts OT conditions that, individualty or coll¢ctivcty. may ost Si8nifJcant doubt on the charifablc comrAny s abib'ry to CODtinuc as a going conccrn for a period of at Ic8ll tw¢fv¢ months from wh¢n the fmancial statements aTe authoriscd for issue. Our responqibilicies and the responsli )Alities of the tsu8tees wKh respecr to going concern a￿ descnbed in the relevant section.s of this report. Other Informadon The trustees ar¢ respon8Jble for th¢ other infornat￿n. The other infoTmation compTses the inf0m￿tiOn included lll Ihe AnnuRI Report, other than the f￿anCial staiements and our Report of the Independeni Audiiors thereon. r opinion on the financial statements does not cover the other infomiation and, except to the ￿tent othenvise explicitty stalcd in ourreport,we do nol cxpress any forni of &￿Tance conclusion the￿on. Tn ¢onnection wth our audit of the fmancRI statLryncnts, our r¢sponsibility i% to rcad thc othcr i]ifomiation and, in doing so. consider whether the other infomialion is materially inconsi8ient with ihe financial sraltinents or our knowledge obtained fft the audit or otheNi8e appears to be materially MI￿tated. If wc identify such matcrial inconsi8tencies or awarcnl materia I misstatemalis, we are required lo detenninc wheihcr this gil'es risc lo a maleria I Iniqslatanent in the fiiianci411 stÉltem¢n¢s thLinsL]vcs. If. bascd on the WOTk we have pcrfomiLY], we conGlude that there is a material misslatemenL of this oth¢r infom]ation. w¢ rcquired io repon thal fact. We have nothing to ￿port An ihis regalll. OplnloThs other matters In our opiiiion. based on the work undenaken in the coll￿e of the audit". the infomialion given in the Report of the Trustees for Lhe fmancial year for wbich the f￿ancIal statements are prepared ts consistent wrth the financial statements. and the Report of the TNstees has been prepared in accordance with applicabk legal requirements. Page 8 Report of the Independent Auditors th the Memljers of Thornbury Baptist Church Matters on Ivhich we are reqnfired to report by eIception Tn th¢ light of the knowledge and und¢rslanding of the charirabl¢ wmpany and Tts envlronment obtaincd in the course of the audit. we have not identif￿d material mi&statem¢nts in the Report of the T￿stee8. We have nothing to report in respect of the folEowiog matters ￿ere the Companies Act 2006 requires us lo report to you if. in our opinion.. adequate accounting records have not been kem or ffturns &deq￿le for our audit have ncrt been teceived from branehcs nut Vl51ted by us; or the financial stalemcnts are not in agreemenl with the accounting ￿COrdS and returns. or certain disclosures of trnstCCs' remunerdtion specified by law are not made" or we bave not received all Ihe infornation and exp]ana lions we require lor our audii. or the trnstees were not entitled io take ad￿ltage of the small compan*s exemption frcqn the reqU1￿m¢nt to p￿pare a Siralegic Report or in preparing tbe Report of th¢ Trustees. Responslbllldes of tru5teei s explained more fully in the ststem￿l of Trustees, Responsiliilities. th¢ trustccs (tho a￿ 8Lqo th¢ directo￿ of the charitsblc company for the purposes of coJnEHny law) atE responsib le for the preparaliou of the financial Siatanenls and for beuig satisfied that they ￿ve a true and fair view. and for Such internal control as the twstees deternine is n¢¢e&qary to enable Ihc preparaiion of fthancia15talements that free from mateiial Mi￿1￿1¢menl, ￿e(her due to fraud or ettor. In preparing the fmncHI Statement& the tn￿lee$ are ffspoosbk for assessing the chari&ble company's ability to ontinue as a going concern, discLosin& aq applicable. matt¢rs rcjated to going concem and using the going conccm basis of accounting unless ihe trustees cither iniend to liquidate the charitable company or io cease 14)erntions, or have no realistic altemative bul to do 80. Page 9 Report uf the Independent Audi¢ors to the Members of Thoynbury Baptist Church Our responslbllities for the audlt of the fin*DtAal ststemeDts (hr objcctive.% are to obtain rcasonable assuran¢c ab(KTt whether th¢ fmancial sratanents as a whole arc frcc from material misstatcmenL whether due to fraud or em)r. and to issue a Report of the In1kpe￿1ent Auditors that includes our opinion. Reasonabk a&wrantt is a higb kvel of assurallce. bul is not a guardDt¢c thai an audit coiiducied lll accordance with ISAS (UK) will always delect a ￿￿terial inissialfynenl when it ex isls. M i5Siatemcnls can arise from fraud or error and are con$vJered material if. individually or in the gate. they could ros0￿blY be expelted ro influence the economic decistons of llSe￿ laken on the basi5 of these fjnanclal statements. The cxtcnt lo which our pmcedurcs are capablc of detecting irregulaiiti¢4 including frdud is dctslled below: Itregularities. including fraud. are lilsta￿eS of non