Margate Baptist Church (Cecil Square) ANNUAL REPORTS ACCOUNTS Year ended 31st December 2024
Legal & Administrative Details Charity Name: Margate Baptist Church Charity Number. 1169447 Charity Address: 4 Cecil Square MARGATE Kent CT91BD Trustees: Andrew Foster Ann Hilton Anthony Wait Bob Zebua (Resigned 20111r2024) Brian Imthrington Edwin Watt-Ruffell (Resigned 1410712024) Elizabeth Bradshaw Gavin Hall Janet Bolton Judith Cro Philip Graham Independent Examiner: ArfAL4 G
Trustees Report Objects of the ¢haFity The objert of the charity is to proclaim the Gospel of Jesus Christ, and to promote daily Christian living both in Margate and the rest of the world. Summary of the charity's maln activitie8 and achievgmonts To further the above objects and vision, the chartyls main activities and achievements were as follows: Services are held each Sunday, and a variety of activities are held during the week for all age groups. The church is currently in an Interregnum. Elders support the pastoral work, and deacons are reaffirmedleleded for three years. Other leaderslofficers for church adivities require church meeting approval. Other positions are filled by volunteers. The church employed a part-time caretaker. In planning the activities, the trustees have applied the guidance on public benefit issued by the Charty Commission. Finaftcial Review Total income for the year was £79,903. Total expenditure for the year was £66,307. This gave a Surplus of £13,596 for the year. With paying back £1250.00 of Hub loan the final surplus was £12,346. We had no extra expenditure this year and as we have still not called a minister to the church we are not paying out a ministerfs 8tipend. We do pay those who come and preach each Sunday. Most giving from the membership and congregation is on 4ine but we still have a reti17ng offering for those people that prefer to give in cash. The church still supported Baptist world Mission and Home Mission during the year. We employed a caretaker and now have a deaning agency for the cleaning. Reserves Pollcy The charity aims to hold a minimum of £50,000 (which is approximately 6 months of expenditure) as unrestricted ca8h, so that the charity could continue to operat6 should income and l or expenditure vary adversely. Slgnature This report was approved by the trustees, and is signed on their behalf by:
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Independent Examiners Report I report to the trustees on my examination of the accounts of Margate Baptist Church (Ihe charity,) for the year ended 3111212024. Responsibilities and Basis of Report As the trustees of the charity you are responsible for the preparation of the accounts in accordan with the requirements of the Charities Act 2011 ('the 2011 Act.). I report in respect of my examination of the chariws accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent ExaMineS Statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in accordance with section 130 of the 2011 Act., or 2. the accounts do not accord with the accounting records. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Independent Examinerfs Details Address: 21 Signature &3 /9 /2c)ZS
Receipts & Payments Statement Unfesldcted ReJtilci•d Tolal Y••r R•¢elpt$ •tft$ & Leg3cie5 tnalItin$ 53,075 53,1 11546 52.957 Glft 11.546 10.465 Granls Charft•b Actlvlties Event In¢on Ne5tmenis 8gnk Int8r8sI Trailitig Actlvllle5 Rerrtal Inco 2.992 Loans Recow8d Other1fi¢otr 3.024 3,024 of FLxed A858ts ol In¥&stments Total 18ceipls 79.818 79.903 78 31 Payménts Chailtable Aeiivftles ActNities 513 513 AdnNn 13,105 13.105 16,DJ7 Advertising Bank Charges E¥ant Costs Grfi8 Gwen 2.743 4,000 6,748 911 247 4.510 101 Other Expfjfidllure Premises 4,262 31,033 3t.033 15,221 Staff Co8ts 10.337 10,337 14,9 Govefnance Costs GoverTr8nce Costs FiKeJ Asset PurGh8 Ltsans Repakl MDnpy1nvested Total p¥ymtnls 47.230 6?.060 4.247 86.307 Fund TTansf8fS In 4.683 Fund Transfers Out Tolal Cash Funds 8rought FoTward V*1 Cofh FUnds Ctyrtrknl. 81.413 9.891 91, ,213 10.412-11 104 R•pregeTrted By
General (UnreBtrKt8dl (Restrted) HMF (R8Strioledl Bu119 (D8sbJnated) Communlon (Designated) Senior Care IReslrknledl Transttlon Fund (Restrict8d) Legacy (Desiunated) Grfi day 2021 LTrS8 (DeshJnaled) MeTty shlp& ID85ign8tEdl GKt day 2023 IO&ignatÉd) Iv8n &n8 mpmry (Designa18d) Gfft Oay 2024 {Designated} 72,251 72,251 65063 3,3SO 924 574 574 2.233 5.132 5,132 5,379 1,356 1,356 7.250 9,750 9,750 3,984 20 20 20 3.e61 3.661 3.431 | 3.957 3,957
Asset & Liability Statement Cash Assets UnreJirf¢_t•d 722S1 fte>trkted TXal Year Genoral IUnre8irkierf) BMI (Re5trbtedl HMF IR85trr¢ted) Bulkjlng (DesPJnated) CoTrmwnvJn (Doslgnoled) Seyjior Csr8 IR8strr TransitK)n Fund [Restred1 Legacy (Desun8ted) Gm day 2021 us? (Deslgnaled) Mew shlps IDe$bJnAted) Grfi day 2D23 (D85iyn8ted) Iv8n 18ne m&mory (OeJnatedl Gfft Day 2024 ID8gnat8d) 72251 e5863 3350 574 574 2233 5122 54 S379 1356 1356 1356 9750 9750 7250 3984 20 20 3661 3431 Other Monetary Assets ' Unrestrkt•dlllE RèBtrS¢ted Trt31 fviolyw rj Gfft Aid Stwk Oth8r Investment Assets UniE5111 Rt51Tlcted Prlor Ye Property No.3 and No5th11 $quaro 302350 Investment Accounts Flxed Assets Pilor Ye31 Land & 8uildlngs MUSK & PA Equlprn8nl Cowets & IT Fufniture Valued Sept. 19 1169000 1169(100 24661 24661 12107 12107 43591 43591 Motorvehlcles Llabilities Un*t4•kltLI Tdal PtborV.Èar Loans Outstandinu 6750 67501 Pèn61on Payment HMRC paYts IndeFendent Examinatlon Fee Du8 Other
Signature These accounts have been approved by the trustees, and are signed on their behalf by.. Name Signature Date 05. 10. ZQ25
Notes to the Accounts Accounting Policies The accounts have been prepared on a ceIptS and payments basis and comprise a statement that shows the charity's receipts and payments, a statement that summarises the charity's assets and liabilities and related notes. The accountsncy profession have determined that only accounts prepared in accordance with applicable accounting standards present a Xrue and fair. view and, as these receipts and payments accounts have not (and cannot) be prepared in accordan with accounting standards, these accounts do not present (and are not intended to present) a Irue and faitr view of the charity's financial aclivities and state of affairs. General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors" they indude donations reiVed from appeals for specific activities or projects. Transactions to Related Parties [Required data field missing] Movement of Funds .Ftmd Name 'Optriing BO1• In¢0 ExpoRthtu General 1unrestrknl 8W (Restrict•Y) HMF (Res1red) Buikling {DwnAt8d) co¢UniOn {Desn8t8d) I Senior C8re (R8StrIcl Transit[1 Fund IRastrictedl LegaBy (Desnated) 65,863 71541 60,470 4,663 72,251 924 85 2.341 3.350 2233 4,OUO 2.341 5741 5J79 247 5,132 1.356 7,250 3.500 Got day 2021 us8 ID8sign2led) 3.984 Mercy ships (D8SbJnBtd) Gfft day 2023 (D&8VJThQtedl Ivan lane menx)ry {Jnate GTh Day 2024 (Oesbal> 20 3,431 230 3.661 110 110 3.957 3,957 TOTAL 91.304 66,¥*7' 104.9
Mar ate Ba tist Church Finance Re ort 2024 Total income for the year was £79,903 .Total expenditure for the year was £66,307 This gave a surplus of £13,596 for the year. With paying back £1250.00 of Hub loan the final surplus was £12,346 We had no extra expenditure this year and as we have still not called a minister to the church we are not paying out a minister's stipend. We do pay those who come and preach each Sunday. Most giving from the membership and congregation is on-line but we still have a retiring offering for those people that prefer to give in cash. The church still supported Baptlst world Mission and Home Mission during the year. We employed a caretaker and now have a cleaning agency for the cleaning. The Church is a participating employer the Baptist Pension Scheme ("the Scheme"), which is a separate legal entity administered by the Pension Trustee (Baptist Pension Trust Limlted). The assets of the Scheme are held separately from those of the Employer and the other participating employers. The Scheme, previously known as the Baptist Ministers, Pension Fund, started in 1925, but was closed to future accrual of deflned benefits on 31 December 2011. Prior to this date the main benefit provlded through the Defined Benefit IDB) Plan was a pension of one eightieth of final minimum penslonable income for each year of pensionable sendice together with additional pension in respect of premlums paid on Pensionable Incorne in excess of Minimum Pensionable Income. Since l January 2012, benefits have been provided through a Defined Contrlbution IDC} Plan. A formal valuation of the D8 Plan as at 31 December 2019 by a professionally qualified Actuary uslng the Projerted Unit Method. At the valuation date the market value of the DB Plan assets was £298 million, whilst the level of assets needed to pay beneflts was £316m, giving a deficit of £18m (equivalent to a past service funding level of 94%}. The Church and the other participating employers In the DB Plan are collectlvely responsible for funding this deflclt. The next actuarial valuation of the DB Plan within the Scheme was due to take place not later than as at 31 December 2022. On 30th June 2022 the Baptlst Pension Scheme signed an agreement wlth the insurance companyjust Group ("JusV'I to secure DB Plan members, pension benefits. Just are now providing flnanclal backing for all pensions provided through the Scheme's DB Plan and following this transaction, the Scheme no longer has a shortfall. An updated Recovery plan was then signed in August 2022 under which recovery contributions from each participating employer in the DB Plan reduced to £1 per month from August 2022. This has now been reduced to £0. From November 2024. We have a reserves policy that is reviewed annually. In that policy we keep £50,000 which would cover expenses for 3 months of employee pay and church Tunning expenses and repairs. The treasurer contlnues to use Expense plus for enterlng all transaction5 during the year. I would like to thank Averell Scott for helping with on-line banking and Gift aid and John Murphy for producing the end of year accounts. Judy Cro
Secretary s Report 2024 Margate Baptist Church Cecll Square We have spent a second year without a full-time minister. but with the support, friendship and wise counsel of Revd Russell Braund, who became our Moderator in November of last year. God has continued to bless us and we are learning to be more patient as we wait for the minlster that He has chosen to lead us. Because of the continuing faithful commitment of those called to lead them, all our regular activities started in January as usual and continued throughout the year. For children and young people, we have Little Fishes parents, babies, and toddlers, group; Boys, and Girls, Brigades and Youth Club; for families Messy Church; for the more mature Thursday Afternoon Fellowship and for everyone whether connected to the church or not, a twice weekly coffee morning that is open throughout the year. Study Club continued to welcome young people in Kairos during term time, providing them with a safe space, free wifi, IT equipment when necessary and advice and guidance to help them with their preparations for exams and their future lives whether in further education or the world of work. Sunday Club and Creche eontinue to be available during Sunday morning serdices foryoungerchildren, while teenagers now stay in the main service regularly. The Boyg and Girls, Brigades continue to meet weekly during term time and we are grateful to all those who continue to give of their time and expertise to prepare all the activities that engage, encourage and challenge all those who attend while showing them that they are loved by God. Junior and Senior Camps were held again, with weekends away In the Summer. Both companies led by the band continued to parade through the streets after monthly Sunday Church Parades. The band played atvarious events including leadingthe local Greek community in their Blessing of the Seas event in January, supporting the local Scout Groups at their St George's Day gathering in Dreamland, tsking part in the town Remembrance Sunday Parade and at the switch on of Christmas lights at Broadstairs College. A new venture for the band this year was an invitation to join the London Massed Bugle Band and participate in the Lord Mayorfs Show on 9th November. This was a very long, tiring but amazing day forall involved and it was wonderful to see ouryoung people on the television as part of this special occasion. They also took over Kairos for a day as part of the GB national fundraising challenge, using the same day as a band training day and allowing the junior sections to take part in the BB'S Big Junior Sleepover. Many thanks are owed to all those who work so hard for our young people and to all those parents and member of the fellowship who support them. Kairos continues to open for a Renew Wellbeing session every Tuesday morning and as a small café with a limited menu on mostsaturday mornings. Both these sessions are staffed entirely byvolunteers. New helpers are always welcome and necessary if the café isto open more often. Porchlight continues use the café on Wednesday mornings and some Thursday afternoons as a drop- in centre and private counselling sessions operate upstairs on several days and evenings per week. The leadership team continued to oversee the running of the church during the year with the support of our Moderator. Speakers were IOked for every Sunday and we continue to be blessed that so many people both locally and from furtherafield have been willing to travel and share God's word with us week by week following the preaching programmes that Rev Braund prepared for us. Christmas events again involved many of the young and not so young presenting the nativity story during a Christmas café church, carols by candlelight was well attended and a service was held on Christmas Day too.
We were able to purcha and deliver Christmas gifts for our more elderly and housebound friends and encourage all those who were able, to bring gifts of sweets and chocolate to be given to Thanet Food Link so that those who had to use their service at Christmas time could share in some Christmas treats. The Collierfamily held theircoffee day in August and their always popular Christmas Fayre. Both these events raise money for charities and is given to them directly. Alex was also able to hold a Macmillan coffee day in her home, with the money again given to the charity directly. All the church properties need regular maintenance and we are grateful for the èxpertise and commitment of Philip and Brian who continue to offertheir time in insuring that everything continues to be monitored and problems addressed and rectified as early as possible. As we continue to have been greatly blessed this year we decided that after our usual donations to Home Misslon and Baptist World Mission we would use the moneygiven at 0urchuh gift day to bless three charities with which we have had some contact during the year namely Still Waters Christian Counselling: Kent, Surrey and Sussex Air Ambulance and Thanet Food Link. At the March members meeting Judy Cro was re-elected as treasurer and Ann Hilton was relected as secretary for a further year. At the November election of deacons Jan Bolton, Philip Graham. Gavin Hall and Brian Withrington were re-elected to serve for a further period of three years. We have continued to use an outside cleaning company once a week in both the church and Kairos, while we continue to employ a part time caretaker for 10 hours per week During the year Chris Wilson witnessed to his faith through the waters of baptism and was welcomed Into mernbership. Revd Brdund conducted two weddings and dedicated two babies. Mr Ivan Lane a former long serving deacon & BB officer recelved his home call in May. We shall miss his cheerful presence and his long and faithful contribution to many areas of church life. Reunited with Linda, he has joined all those who have gone before worshipping and praising God for eternity. Just before Christmas Dr Grdham Field was also called home. Although he had not been well enough to get to church for sometime, he continued to be interested in all that was happening at MBC, a church where he had spent much of his adult life, working with the Men's Forum and the Young Peoples Fellowship in a variety of different ways and he too is now resting in God's loving presence. Several people that we have not seen for quite a long time for a variety of reasons were removed from our membership list during the year so our membership at the end of this year stands at 49. For I know the plans I havefor you, declares the Lord, plans to give you hope ond a future. Then you will Call on me and come and pray to me, and I will listen to you. Jeremiah 29." 11-12 (NIV) AcJlgecem6er 2024. Mur ate Bo 1st Churd)- the Churth at the Heort o Mar ote We have a heart for God. We have a heart for God's world. We have a heart for God's familv.