REGISTERED CHARifY NUMBER: 1187105 rt of thè TrustÈès and for Godalming Baptist Church CIO C J Bacon BEd.IHons.I, AST. BFP. ACA Upper Ground Floor 18 Farnham Road Guildford Surrev GU14XA
Godalmin Ba 1st Church CIO Contènts ol thè Flnantlal Statèments for the Year Ended 5 A ri12024 Page Report of the Trustees Independent Examinerfs Report ststèment of Flnanclal Actlvltles Balance Sheet Notes to the Flnan¢lal Statements 7 to 15
Godalmin Ba 1st Church CIO ofthe Trustees for the Year Eb)ded S ril 2024 The trustees present their report with the financial statements of the charity for the year ended 5 April 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191. OBJEcfivES AND AcfiviTIES The principal purpose of the Church is the advancement of the Christ13n faith according to the principles of the Baptist denomination. The Church may also advance education and carry out other charitable purposes in the United Kingdom èndlor other parts of the world. Summary gf activitie5 The artivitie5 may include but are not re5trirted to: regular public worship, prayer, Bible study, preachin8 and teachin8,' * baptism, as defined in the Union's Oeclaration of Principle; *the Communion of the Lord's Supper which shall be observed at least once a month,. evangelism and mission, locally, regionally, nationally and internationally,. the teaching, encouragement, welcome and inclusion of young people,. nurture and growth ol Christian disciples; education and training lor Christian and community service; givin8 and encouraging pastoral care; 'supporting and encouraging charitable social action in the United Kingdom and abroad,. 'encouragin8 relationships with and supporting Baptists and other Christians. The trustees conflrm that they have referred to the guidance contained Sn the Chaflty Commlsslon's general guldance on public benefit when reviewing the charity's aims and objectives and in planning future activities. ACHIEVEMENT AND PERFORMANCE During the period the Church has sought to meèi its objectwes by cairying out many of the activitiès listed above. It has carried out a number of its activities and has also SUPPtsrted other peoplè as they have sou8ht to meet similar tsbjectives. The Charity continued to support those missionaries servin8 overseas who are members ol the Church and who were sent out through the Ambassadors, Fund. The trustees feel that over the course of the year, the Charity has been successful in meetin8 its stated objectives through many of the activities that it has embarked upon. Page I
Godalmi Ba 1st Church CIO ofthe Trustees for the Year Ended S ril 2024 FINANCIAL REVIEW During the year under review. the income of the Charity was £138.08412023.. £289,487). Income last year was higher than usual as it included the profit of £156.638 on the disposal of the manse. Income from donations fell from £92,503 to £85,821 and there was no rental income from the manse ihis year12023.. £3.61KJI.However. because of the funds invested from the sale ofthe manse. investment income rose from £10.112 to £24.422. Expenditure for the year was £178.18812023.. £144.6361. of which depreciation of £47.49312023.. £44.1391 was by far the major item. Staff costs increased slightly from £16.182 to £18.552. Major categories of expenditure were grants to institutions. £26,26612023.. £25,362). and repairs and detorating £34.22112023.. £13.9391. In totbl, therefore. the thurch recorded a defitit of £40,10412023.' surplus of £144.8511 whith, when deducted from the total funds brought forward, leaves reserves of £1.849.332 to be carried forward. Althou8h expenditLJre of £47.493 related to depreciation of the premi5e5 and equipment and therefore did not represent a cash movement. the trustees are mindful that operating at a deficit is nol sustainable in the long-term.They will continue to Monitor the financial 51tuation carefully. Reserves policy The trustee5 have established the level of reserve5 (that is those funds that are freely available excluding designated funds) that the charity Ought to have. Reserves are needed to ensure that re8ular expenditure and donations and 8rants can be maintained in the short term should there be a reduction in the level of voluntary income received. Reserves are held to cover possible emergency repairs to the Church and other buildings. The trustees consider that the ideal level of reserves is £50,CiIO, approximately three months of regular expenditure. Unrestricted cash balances at S April 2024 were £167,327, thus comfortably exceeding the desired level of reseryes. STRucfuRE. GOVERNANCE ANO MANAGEMENT Governlng document Godalming Baptisi Church is an unincorporated charity govemeil by its Constilution dated 19 December 2020. It was reglstered as a charity with the Charity Commission on the same date. receiving charity number 1187105. AppoSntmen¢ re¢rultment and training of trusteès Thè management of the charity is the responsibility of the trustees who a eleded by nomination at the church AGM by the membership of the church under the terms ol the Constitution. The trustee5 (except for those in ministerial office) are appointed for an initial three year term with the opportunity for re-appointment at the end of the three year term. Each trustee is provided with copies of the Constitution on request, as well as accounts and minute5, and is made aware of the le8al responsibilities they are acceptin8 on their appointment. REFERENCE AND ADMINISTRATIVE DETAILS Re8lstered Charlty number 1187105 Prlnclpal address Godalming Baptist Church Queen Street Godalming Surrey GU7 IBA Page 2
Godalmin Ba 1st Church CIO Re rt of the Trustees for the Year Ended S A ri12024 Trustees Mrs C Lawton Mrs S Lucas A Lucas Mrs M Jones Mrs M Toombs P Barringer M Bowgett A J Bennewith Rev P Jackson Indepèndènt Examlnèr C J Bacon BEd.IHon%.I, AST, BFP, ACA Upper Ground Floor 18 Farnham Road Guildford Surrey GUI 4XA Approved by order ofthe board of trustees on 19 November 2024 and signed on its behalf by: A Lucas- Trustee Page 3
Inde ndent Examiner's Re rt to the Trustees of Godalmin 1st Church CIO Independent examiner's report to the trustees of Godalmin8 Baptist Church CIO I report to the charity trustees on my examination of the accounts of Godalming Baptist Church CIO (the Trust) for the vear ended 5 April 2024. Responslblllties and basis of report As the charity trustees of the Trust you are responsible for the pparatIOn of the accounts in accordance with the requirements of the Charities Act 20111.the Act'l. I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying tsut my examination I have followed all applicable Directions given by the Charity Commission under Section 14515llbl of the Act. Independent examlnerfs statemènt I have completed my examination. I wnfirm that no material rnatter5 have come to my attention in connection with the examination givin8 me catjse to believe that in any material re5pert= accountin8 records were not kept in respecl 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 requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 21x18 other than any requirement that the accounts give a true and fair view which is not a matter considered a5 part of an independent examination. I have no concerns and have come across no other matters in connection wf(h the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. C J Bacon BEd.IHon5.1, AST, BFP, ACA Upper Ground Floor 18 Farnham Road Guildford Surrey GU14XA 3 january 2025 Page 4
Godalmin Ba 1st Church CIO Statement of Financial Activities lor the Year Eb)ded S ril 2024 5.4.24 Total funds 5.4.23 Total funds Unrestricted funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 98.769 2.204 l(MJ.973 107.969 Charltsblè actlvltles Premises hire Income from events Manse rental income 12.233 456 12.233 456 11.168 Investment income Other income 24,422 24.422 10,112 156.638 Total 135,880 2,204 138,084 289,487 EXPENDITURE ON Charitable actbvlt5e5 Ministry costs Administrative costs Establishment costs Mission costs 16,134 24,359 109,114 12,288 16,134 24,359 109,114 28,581 14,996 18,913 81,392 29,335 16,293 Totsl 161,895 16.293 178.188 144,636 NET INCOMEIIEXPENDITUREI Transfers betweèn funds Other retognised gainslllossèsl Actuarial 8ains on defined benefit Khemes 126.0151 112.6241 114.0891 12.624 140.1041 144.851 13 21,142 Net movement In funds 138,6391 11.4651 140.1041 165.993 RECONCILIATION OF FUNOS rotal fund5 brought forward 1,885,234 4,202 1,889,436 1,723,443 TOTAL FUNDS CARRIED FORWARO 1,846,595 2,737 1,849,332 1,889,436 The notes form part of these financial statements Page 5
Godalmi Ba 1st Church CIO BalarKe Sheet ri12024 5.4.24 Total funds 5.4.23 Total funds Unrestricted funds Restricted funds Notes FIXED ASSETS Tangible assets io 1.662.771 1.662.771 886.708 CURRE ASSErs Debtors Cash at bank li 23.666 167.327 23.666 170.064 23.651 985.044 2.737 190,993 2.737 193,730 1,008,695 CREDtroRS Amounts fallin8 due within one year 12 17,1691 17,1691 15,9671 NET CURRENT ASSErs 183,824 2,737 186,561 1,002,728 TOTAL ASSETS LESS CURRENT LIABILITIES 1,846,595 2,737 1,849,332 1,889,436 NET ASSETS 1,846.595 2,737 1,849,332 1,889,436 FUNOS Unrestricted funds Restricted funds 13 1.846,595 2.737 1.885,234 4,202 TOTAL FUNOS 1.849,332 1.889,436 The financial statements We approved by the Board ol Trustees and authorised for issue on 19 November 2024 and were si8ned on its behalf bv.. A Lucas- Trustee C Lawton- Trustee The notes form part of these financial statements Page 6
Godalmi Ba 1st Church CIO Notes to the Financial Statements lor the Year Ended 5 ril 2024 ACCOUNTING POUCIES Basss of preparingthe flnandal statements The financial statements of the charity. which is a public benefit entity under FRS 102. have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20191.. Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Att 2011. The financial statements have been prepared under the historic31 cost convention. Incomè All income is recogni5ed in the Statement of Financial Attivities once the charity ha5 entitlement to the funds, it 15 probable that the income will be received and the amount can be measured reliably. Expendlture Liabilitie5 are reco8ni5ed as expenditure as soon as there is a le831 or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligalion can be measured reliably. Expenditure is accounted for on an accruals basis and ha5 been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allcKated to activitses on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. Tanglble Ilxed assets Depreciation is provided at the lollowing annual rates In order to write off each asset over Its estlmated useful Ilfe.. Freehold property Straight line over 26 years. The church was being depreciated over 50 years In the books of ihe old unincoiporated charity and 24 years, depreciation had been provided to the datè of transfer. 25% on the reducin8 balancè basis 25% on the reducing balan¢e basis Plant and machinery Fixtures and fittings Depreciation is not provided on the manse as the trustee5 consider that it5 value exceed5 the c05t at which it is held in the books of the charity. Taxatlon The charitv 15 exempt from tsx on its charitable actwities. Fund accountlng Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Page 7 continued...
Godalmin Ba 1st Church CIO Notes to the Finanaal Statements- continued lor the Year Eb)ded S ril 2024 ACCOUNTING POUCIES- continued Penslon costs and other post-retirement beb)effts The church pays pension contributions for its eligible ministerial staff to the Baptist Pension Scheme, which is not contracted out for State Pension purposes. Contributions to the defined contribution pension element of the pension scheme are charged to the Statement of Financial Activities in the year tts which they relate. It also pays deficit contributions to the Baptist Pension Scheme in respect of the closed defined benefit plan. The scheme is a multi-employer pension scheme and it is not possible to identify the assets and liabilities of the scheme which are attributable to the church. In accordance with the SORP IFRS 1021 the scheme is therefore accounted for as a defined benefit contribution scheme. The church also pays pension contributions for eligible non-rninisterial staff to a separate defined contribution scheme. These are charged to the Ststement of Financial Artivitie5 in ihe year to which they relate. DONATIONS AND LEGACIES 5.4.24 5.4.23 Donations Gift aid Designated gifts 85,821 14,946 206 92,503 14,040 1,426 100,973 107,969 INVESTMENT INCOME 5.4.24 5.4.23 Deposit account interest 24.422 10.112 OTHER INCOME 5.4.24 5.4.23 Profit on disposal of manse 156,638 Page 8 continued...
Godalmi Ba 1st Church CIO Notes to the Finanaal Statements- continued lor the Year Eb)ded 5 ril 2024 CHARITABLE AcnvmES COSTS Grant funding of activities Direct Costs Totals Ministry costs Administrative costs Establishment costs Mission costs 16.134 24.359 109.114 16.134 24,359 109,114 28.581 28.581 149.607 28.581 178,188 TRUSTEES, REMUNERATrON AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 5 April 2024 nor for the year ended 5 April 2023. Tru5tee5' expenses Durin8 the year, expenses totalling £5,089 were paid to one trustee in respect of travel and preaching fees 12023.. £2,432 expenses were paid to one trustee in respect of travel and preaching fee51. STAFF COSTS 5.4.24 5.4.23 Wages and salarles Other pension costs 18,248 304 15.913 269 18,552 16,182 The average monthly number of employees during the year was as follows= 5.4.24 5.4.23 Ministry Administration No employees received emoluments in excess of £60,{. Page 9 continued...
Godalmin Ba 1st Church CIO Notes to the Finanaal Statements- continued lor the Year Eb)ded S ril 2024 COMPARATIVES FOR THE STATEMENT OF FINANaALACTwmES Unrestricted funds Restricted funds Total funds INCOME ANO ENDOWMENTS FROM Donations and legacies 102.914 5.055 107.969 CharStable actlvltles Premises hire Manse rental income 11.168 11.168 3,600 Investment income Other income 10,112 156,638 10,112 156.638 Total 284,432 5,055 289.487 EXPENDITURE ON Charitable artivitie5 Ministry costs Administrative costs Establishment costs Mission costs 14,996 18,913 81.392 11.316 14,996 18,913 81,392 29,335 18,019 Total 126.617 18.019 144.636 NET INCOMEIIEXPENDITURE) Transfèrs between funds Other reco8nised 8alnslllossesl Actuarial gains on defined benefit schemes 157.815 111,7151 112,9641 11.715 144.851 21,142 21.142 Nèt movemènt In funds 167,242 11.2491 165.993 RECONCILIATION OF FUNDS Total funds brought forward 1,717,992 5,451 1,723,443 TOTAL FUNDS CARRIED FORWARD 1,885,234 4,202 1,889,436 Page 10 continued...
Godalmin Ba 1st Church CIO Notes to the Finanaal Statements- continued lor the Year Eb)ded S ril 2024 NET MOVEMENT IN FUNDS The net movement in funds is stated after Icreditingll charging the following.. 5.4.24 5.4.23 Independent Examiner's Remuneration Depreciation- owned assets 47,493 44.139 io. TANGIBLE FIXED ASSETS Fixtures and rittin8S Freehold property Plant and machinery Totals COST At 6 April 2023 Additions 956,590 785,C 629 1,SC 52,535 37,056 I,IXJ9,754 823,556 At 5 April 2024 1,741,590 2,129 89,591 1,833,310 DEPRECIATION At 6 April 2023 Charge for year 95.558 35.834 334 386 27,154 11,273 123,046 47,493 At 5 April 2024 131.392 720 38,427 170,539 NET BOOK VALUE At S April 2024 1.610.198 51.164 1,662,771 At S April 2023 861.032 295 25,381 886,708 Under the terms of the 1903 Trust Deed. the ¢hur¢h must use any pro¢eeds from the sale of the ¢hur¢h premises to buy or ere¢t new premises for the furtherance ofthe Kin8dom of God. ii. DE8TORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 5.4.24 5.4.23 Other debtors Prepayments and accrued income 15,750 7,916 14,675 8,976 23,666 23,651 Page 11 continued...
Godalmi Ba 1st Church CIO Notes to the Finanaal Statements- continued lor the Year Eb)ded 5 ril 2024 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 5.4.24 5.4.23 Other creditors 7.169 5,967 13. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 5.4.24 At 6.4.23 Unrèstrlrted funds General fund Church Premi5e5 Fund Legacy fund 544.505 1.017,670 323.059 9.818 135.8341 1554.3231 628,362 186,6631 1.610,198 236,397 1,885.234 126,0151 112,6241 1,846,595 Re5trirted funds Ambassadors, Fund Pastoral Fund Other restricted donations 112,6241 11,3171 11481 12,624 2,531 206 354 4.202 114.0891 12,624 2,737 TOTAL FUNDS 1.889.436 140.1041 1,849.332 Net movement in funds. included in the above are as follows.. Incomlng resource$ Resources expended Movement In funds Unrèstrlrttd funds General fund Church Premi5e5 Fund Legacy fund 135,879 1126.0611 135,8341 9,818 135,8341 135,880 1161,8951 126,0151 Restrlrted funds Ambassadors. Fund Pastoral Fund Other restricted donations 112,6241 13,3151 13541 112,6241 11,3171 11481 1,998 2.204 116.2931 114,0891 TOTAL FUNDS 138.084 1178.1881 140,1041 Page 12 continued...
Godalmi Ba 1st Church CIO Notes to the Finanaal Statements- continued lor the Year Eb)ded 5 ril 2024 13. MOVEMENT IN FUNDS- continued Comparatives for movement Sn funds Net movement in funds Transfers between funds At 5.4.23 At 6.4.22 Unrestrlrted fvnds General fund Church Premi5e5 Fund Leg3cy fund 81.229 1.313.704 323.059 58.153 120.804 405,123 1416.8381 544,505 1.017,670 323,059 1,717.992 178.957 111,7151 1,885,234 Restrlrted funds Amba55adors' Fund Pastoral Fund Other restricted donations 112,2311 599 11,3321 12,231 3,249 2,202 3,848 354 15161 5,451 112,9641 11,715 4,202 TOTAL FUNDS 1,723,443 165,993 1,889,436 Comparative net Movement in funds, included in the above are as follows= Incoming resources Resources expended Gains and losses Movement In funds Unrestrlcted funds General fund Church Premisès Fund 127.794 156.638 I.783) 13S.8341 21,142 58,153 120,804 284.432 1126,6171 21,142 178,957 Restrl¢ted funds Amba55adors' Fund Pastoral Fund Other restricted donations 112,2311 13,0301 12,7581 112,2311 599 11,3321 3,629 1,426 5,055 118,0191 112,9641 TOTAL FUNDS 289,487 1144.6361 21,142 165,993 Page 13 continued...
Godalmin Ba 1st Church CIO Notes to the Finanaal Statements- continued lor the Year Eb)ded S ril 2024 13. MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined position is as follows= Net movement in funds Transfers between funds At 5.4.24 At 6.4.22 Unrestrlrted fvnds General fund Church Premi5e5 Fund Leg3cy fund 81.229 1.313.704 323.059 67.971 84.970 1149.2001 211,524 186,6631 1.610,198 236,397 1,717.992 152.942 124,3391 1,846,595 Restrlrted funds Amba55adors' Fund Pastoral Fund Other restricted donations 124.8551 17181 11,4801 24,855 3,249 2,202 2,531 206 15161 5,451 127,0531 24,339 2,737 TOTAL FUNDS 1,723,443 125,889 1,849,332 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows.. Incoming resources Resources expended Gains and losses Movement In funds Unrestricted fvnds General fund Church Premises Fund Le8acy fund 263.673 156.638 1216.8441 171.6681 21,142 67,971 84,970 420,312 1288,5121 21,142 152,942 Restrirted funds Ambassadors, Fund Pastoral Fund Other restricted donations 124.8551 16,3451 13,1121 124,8551 17181 11,4801 5,627 1,632 7,259 134,3121 127,0531 TOTAL FUNDS 427.571 1322.8241 21.142 125,889 The Church Premises Fund is a fixed asset resee. maintained Iby a transfer to or from general funds) at a level equal to the net book value of fehOld land and buildings. For 2023. it also included the profit on the sale of the manse, which was used towards the future purchase of the new manse in 2024. The Legacy Fund was established in order to record separately the income and expenditu relating to the legacies froffl former members. Page 14 continued...
Godalmin Ba 1st Church CIO Notes to the Finanaal Statements- continued lor the Year Eb)ded S ril 2024 13. MOVEMENT IN FUNDS- continued The Ambassadors Fund was established to provide financial support for the work of missionaries sent out from the Church. The Pastoral Fund was established to provide financial assistan to those in need in the church and local communitv. Other Restricted Oonations relate to specific donations made by church members. 14. RELATED PARTY DISCLOSURES Tony Bennewith is a director of Bennewith 2018 Ltd. which invoiced the church £5,280 during the year for bookkeeping and accountancy services. The balance outstanding at 5.4.24 wa5 £720. Donations totallinB £22,430 were recetved from the trustees during the year12023'. £12,370) and a further £4,400 was received from a charitable trust connerted with a church trustee12023'. £2,81. Page 15