Welton Baptist Church CIO WELTONBAPTISTCHURCH Trustees Report and Financial Statements for the year ended 31 March 2024 Charlty Registration No. 1188181
Welton Baptist Church CIO Trustees Report and Financial Statements Contents Page Report of the Irtjslees Statement ol financial activities Balance sheet Notes to the accounls 8-12 Indeptrndenl examinerfs Report 13
Welton Baptisl Church CIO Charity number: 1188181 Trustees report For the period ended 31 March 2024 The trustees prosent their report and financial slalements for the periJ ended 31 March 2024. The principal office of Welton Baptist Church is at Welton Baptisl Church, Wesl Road, Wellon, Midsomer Norton, Radslock. BA3 2TP. Welton Baptist Church is a Charitable Incorporated Organisab"on registered with the Charity Commission. No 1188181. We are a member of the West of England Baptist Network which in tum is a member ol the Baptist Union of Great Briiain. The Iruslees of the charity during the year are.. Mall Hebdilch Mall Coomes David Kingswood Linda Munro Chris Bennett Michael Blowers Jonathan Cooper Scotl Williamson- appointed 10.10.24 Clare Green Jeremy Bedrock Sally Pelit- appointed 03.10.23 The Church leadership are responsible for the day lo day runnirhg and organi5alion of the church during the year were as follows= Team Leader Matthew Hebditch Co Leader Malhew Coomes Elders David Kingswood Linda Munro Chris Bennell Scoll Williamson Clare Green Jeremy Bedrock Jonathan Cooper (Advice Elder) Michael Blowers IAdvice Elder)
Welton Baplist Church CIO Charity number: 1188181 Trustees report For the period ended 31 March 2024 Trustees report (continued) Other organisalions or persons sKJnificanl lo the affairs of the church were as lollows.. Bank- The Co-opera14ve Bank plc. PO Box 250. Skelmersdale. WN8 6 Independent Examiner- Marco Martin FCCA CTA- The Waldron Partnership Ltd, 30 Circus Mews, 8ath. BA1 2PW Structure, governance and management The church. which is a charilable incorporated OTganis8tion. is run under a formally adopted. written constitution which sets oul in detail Ihe requiremenls ol church membership. logelher with Ihe appoinlrnenl andlor election process for minislers. officers of the church, paid employees and trustees. In addition. the constitulion detsils the formal of meets.ngs and formal voting arrangements in regard lo church decision making. The church employs a full lime Team Leader and a full lime Co Leader. Thè ¢hur¢h also employs a part-lime Minister in Training and a part lime ¥dminislr8lor. The church has a leadership team comprisingof Elders & Advice Elders, who are primarily iesponsible for assisting the Team Leaders in the spirilual direction and aims of the church as well as financial matters associated with the church. The appoinlment of Elders is made on a fomial voting basis at a church meeting by the entire membership as laid down in Ihe ¢onslilulion. The selection of Trustees is defin wilhin Ihe conslilulion and comprises of the Pastor (Team Leaderl. two chuich officers (Treasurer and Se¢retaryl together with the appointed Elders. Each Trustee is approved and elected by the church membership.
Welton Baptist Church CIO Charity number- 1188181 Trustees report For the period ended 31 March 2024 Trustees report (¢ontinued) Objectives and Activities Purpose The primary long lemi slralegy and objecltve of the church is lo pllimole the Chrislian message, and specifically the leaching of the truth of the 8ible ar)d of Jesus Christ, within the communities of Midsomer Norton, Radstock, Paullon and surrounding areas. togelher wtth sUppOn9 the wider Christian church within the UK and overseas. This has been achieved by the ptovision of weekly church services. held al a Paullon Rovers Football Club and the running of mid-week house groups and other regular weekly activities lor all ages. The church operates a diverse range of youth work. running mid-week groups and a range of Sunday s¢hool Classes. held in conjunction wilh the weekly church SerVis, for children from 5-14 years of age. The church also has a varied social aclivity programme which is used lo achieve its objective and runs a number of events Ihroughoul Ihe year. The church also has an active inleresl in promoling the Chfistian message in other parts of the UK and overseas. Several of the membership are currenlly working for oveiseas Christian agencies or directly representing the chur¢h and are involved in a variety of aclNitses to support this aim. This "rnission- funding lo charitable actlvities also inGludes such work as mission oulreach in the local communities and lo membeis on mission overseas. long an¢J short lemi. which require financial support. There is also an Elders discretionary fund which is also for people within the church who the leadership consider require support of the church. This list is reviewed and updated on a cyclical basis and changes agreed by the church meeting upon recommendations of the leadeiship. The ¢hur¢h summarises its objectives in Ihe"Wision Slalemenl". a document issued by the leadership, which Govers the key aspecis of Ihe chui¢h's -raison d'elre. and is designed as a daily, individual and corpoiale guide lo focus chucch members un the short lerm aims of (he church to enable the longe¥ leim objectives be achieved. All members have access lo this document which is based upon Biblical principles and in conjunction with the Bible forms a key element of the church's leaching. Achievements and performance Our annual membership review meant thal a number of people ¢eased their Tllembership whilst others transferred their membership eiiher because they had wnoved away from the area or in order lo worship al anolher local church.
Welton Baptist Church CIO Charity number: 1188181 Trustees report For the period ended 31 March 2024 Trustees report (continued) Financial review The funds of the church are donated almost exclusively by the members of the church itself. No specffic activities are undertaken lo raise funds and a point is made al all events where a ¢olle¢lion ts taken lo poinl oul thal Ihere is no expectation upon non-tnembers lo ¢onlribule. Donation of funds are considered an act of worship. Dvring the year a surplus of £126,514 {2023- £106.775} was achieved. Tolal incoming resources were £339,601 12023 - £304,487) vthth was made up of donations and special gifts towards our chapel renovation fund. We were also successful in securing a granl of £25.IX)O from Garfield Weston towards the provision ol dssabled faalrties arml redUd energy costs within cw chapel renovation pr<¥ecl. Total expendilure was £213.087 {2023 - £197.712}. Our Chapel n0VationS conlinued during this financial year bul work commenced in eamest on 1st May 2024 and are due to be compleled by the end of NoveTnber 2024. Al 31 March 2024 the Charity had general unrestricted reserves of£290.512 {2023- £310,760) and restricted building fund reserves of £288.10612023 - £141.3441. Reserve5 poIi¢y The only funds which hold si9nificanl balanS al both the beginning and end of Ihe year are the General fund and Buildir)g fund. The Building fund is a reslricled fund and therefore expenditure of the funds built up depends on appropTiate a¢knvities. The current situation does not preclude the future possibility of building up designaled funds for any specific purpose considered lo be within the church's ¢haritable objecls. No funds were materially in defiGil al any time in the year. Funds Held as Custodian Trustee on Behalf of Others The church building, the Chapel at West Road. is held by Wellon Baptist Church as cu51¢xli8n Iruslee on behalf ol ihe Wesl of England Baptist Network IWEBNETI. The ownership of the building by WEBNET and ils use by Wellon Baplist Church is directly within the charitable objects of both organisations in the provision of a pla of worship. Ml significant changes lo the building musl be approved by WE8NET in addition to any local authority planning and listed building ¢onsent.
Welton Baptist Chur¢h CIO Charity number- 1188181 Trustees report For the period ended 31 March 2024 Trustees report (continued) Statement of trustees. responsibilities The Iruslees are responsible for preparing the TmstÈes' Report and the financial siatements in accordance with applicable law and United Kingdom A¢¢ountiftg Standards Iunited Kingdom Generally Accepted Accounting Practice). Thè law appli¢Able to charities in England and Wales requires Ihe trustees to prepare financial statèmènts for each financial year which give a irue and fair view of the stale of affairs ol Ihe ¢harity and of the in¢oming resources and application of resources of the charity Ihal year. In preparing these financial statements. the truslees are required lo.. - select suiiable a¢counling policies then appty them consislenUy- - observe the methods and piinciples in the Charities SORP.. make judgements and estimates that are reasonable and prudenl.. slate whether applicable a¢¢ounting stsndards have been followed, sUt4.L to any material departures disclosed and explained in the financial stalemenls.. and prepare the financial statements on ihe going concem basis unless il is inappropriate lo presume that the Charity wll conb.nue in operation. The Irustees are responsible for keeping suffi¢ienl a¢¢ounting re¢ords that disclose with reasonable accuracy al any lime the financial position of the charity and enable them lo ensure that the financial statements comply wilh the Charities Act 2011, Ihe Charity IA¢¢ounts and Reports) Regulations 2008 and the provisions of the conslilulion. They are also responsible for safeguarding the assets of the charily and hence for taking reasonable steps for Ihe prevention and dele¢tion of Iraud and other irregularities. The finallcial statements have been prepared in accordance wilh the accounting policies sel out in note 1 to Ihe financial statements and comply wilh the charity's goveming document. the Charilies Act 2011 and "Accounting and Reporting by Charities.. Slalemenl of recommended Practice applicable lo charilies PTeparing IheiT a¢counts in a¢¢ordan¢e wlh Ihe Financial Reporting Siandard applicable in the UK and Republic of Ireland IFRS 102} {effectbve 1 January 20191" Approved by the board of trustees on: and signed on ils behaff by.. Truslee
Welton Baptist Church CIO statement of Financial Activities for Iho year &nded 31 March 2024 Unrestricted Restricted Funds Funds Total for Yearended 31 March 2023 Note year 2024 2024 2024 Income and endowments from: Oonalions and legacies Chapel proje¢l fund Grants awarded - chapel Inveslmenl in¢ome Other income 192.155 192,155 105.778 25,000 181,268 107,634 105.778 25.000 16.668 16.668 15,583 Total incoming re$our¢e$ 208.823 130.778 339 601 Exp•ndltur8 on: Charitable aclivilies Chapel renovations Governance costs 192.830 192,830 19,657 600 197,172 540 19.657 600 Total resources expended 193430 197 712 Net {outgoing}lin¢omlng rèsources 15.393 111,121 126,514 106.775 Reconciliation of funds Total funds brought fon¥ard 310.760 141,344 452,104 452,104 Tf8nsfer between funds Total funds carried forward 326.153 252,465 578.618 452,1 Q4 The slaltmeni of finan¢k81 adNities iv8$ ¥1 g¥yi$ and h)ss8s tecowised in the p. l inethne and Èxpenditurè denv? frcm ¢tIn$ a¢iwitie
Welton Baptist Church CIO Balance sheet as at 31 March 2024 31-Mar 2024 31-Mar 2023 Note Fixed assets Tangible assets 10,269 13.676 Current assets Debtors and prepayments Cash al bank and in hand 24.381 552 235 576.616 24,113 424 369 448.482 Creditors- amounts falling due within one year (8.267) 110.054) Net current assats 568,349 438,428 Total as$èt$ less current liabilities 578.618 452,104 Net assets 578 618 452 104 Funds Unrestricted Funds ReslriGled building fur$ Rtsslricled Chapel funds 10 290,512 14,054 274,052 310,760 33,711 107.633 Total funds 578 618 452 104 The notes on pages 8 10 12 form an integral part of these accounts. These financial slalemenls were approved by the Trustees on.. Signed. on behalf of the Truslees Chris Bennètt. Trèasurèr Sally Petlt. Secretary
Welton Baptist Church CIO Notes to th¢ A¢¢ounts For the year ended 31 March 2024 Princlpal a¢¢ountlng policie5 Wellon Baptist Church CIO is a Chawilable Incorporaled Organisalion. The principal a¢¢ounling policies adopted in the preparation of the fillanal stalemenis are set out below.. Basis of preparation The financial statements have been prepared in accordan wlh the ch8riVs governing document, the Charities Act 2011 and Accounting and Reporting By Charities.. Stalemenl of Recommended Pra¢ti¢e applicable lo charities pparing their accounls in accordance wilh the Financial Reporting Slandaid applicable in the UK and Republic ol Irelarhd {FRS102} (effective 1 January 2019}. The charity is a Public Benefit Entity as defined by FRS102. The charity has taken advantage ol the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to ppa a Slalemenl of Cash Flows. The financial slalemenls are prepared in sterling, which is the functional currency of the charity. Monelary amounts in Ihese financial statements are rounded to the neare51 £. The financial slalemenls have been prepared under Ihe hislorical cost convention and on a going concern basis. They do not include accounts of church groups thal owe their main affiliation lo another body nor those Ihal are informal gatherings of Church members. The principal accounting policies adopted are sel out below. FundA¢eounting Unreslricled funds- are general funds available for use al the Leadership's discretion to further the general objectives of the Church and which have not been designaled for spe¢ifi¢ purposes. Reslricled building funds are hislorical reslricled funds collected l¢)wards a new building. As plans have developed towards our chapel renovaiion proje¢t, it was agreed that these funds could be used towards ongoing costs. Restricted chapel funds- are funds Ihal can only be use(1 in a¢corLlance with specAfic restrictions imposed by donors or which have been raised for particular restn.cled purposes wilhin the objects of the Church. 11 was agreed Ihal al the end of the chapel projecl. any amounts lefl in Ihe fund would be transferred lo the unreslricled lund and used lor general church purfx)ses. Incoming Resources l incoming resources are accounled for as receivable. The majority of incoming resources are through direct bank deposits in the fomi of lithes and offerings. Additional gifts have been received towards our chapel renovation plans. Income lax recoverable on gifts from donors is re¢ognised on receipt of the related 9rft. The value of seNices provided by volurileers has nol been induded in these accounts. Investmenl in¢ome is included when receivable. Incoming resources from Charitable trading activity are accounled lor when eamed. Incoming resources from grants. where related lo perfoanCe arKJ specific deliverables, a accounled for as the charity eams the righl lo consideration by ils performance.
Welton Baptist Church CIO Notes to the Accounts For the year ended 31 March 2024 Resources expended Expenditure is included on an accruals basr$ and is recognised when there is a legal or consiructive obligation lo pay for expendilure. All costs have been directly attributable to one of the functional categories of resources used in the SOFA. The Church 15 not registered for VAT and accordingly expenditure is shown gross of irrecoverable VAT. This represents direct oxpendiluie on the govemance of Ihe church. Most of the management is carried out wilhoul charge by volunleers. This intangible cost is not induded in the Sialement ol Finan¢ial Activilies Sin there is no measurable cost of the volunteers for their service. All costs are allocatèd between the expenditure calegories ofthe SOFA on a basis designed to reflect the use of the resource. Cosls lelating to a parti¢ulai a¢tivtiy are allocated diredly. others are apportioned on an appropriate basis. Fixed assets Tangible fixed assets cosling more than £500 (for a single ilem or group of simi18r ilerTTrS and induding acquisition expenses) are capilalised at cosl. Fixed assets are depie¢ialed al the following rates irb order to write them off over their useful lives.. Computers Equipment 33% on cost 20Yo on cost Cash and cash equivalents Cash and cash equivalents indude cash in hand. deposits held al call wilh banks. other short-lemi liquid investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown wilhin borrowings in ¢urrent liabilities. Total for Year to 315t yaar Mar¢h 2023 2 Donatlons and lega¢ies Unrestricted Restricted Nel gilts made under gift aid Gift aid reclaimed Gifts received gross Cash offerings Other gifts- chapel project Grants- for disabled facilities 136.155 35.407 19.050 1.543 136,155 50,753 19.050 1,543 90,432 25,000 322,933 130,266 43,240 18,401 1,580 95,415 15.346 90,432 25,000 130,778 192.155 288.902 Total for Year to 31$t year March 2023 3 Investmtnt In¢ome Unrestrlcted Restrict&d Bank interest received
Welton Baptist Church CIO Notes to the Accounts For the year ended 31 March 2024 Unrestricted Restricted 31.03.24 31.03.23 4 Othor In¢¢me WEBNET Grant 3P Gift 7,810 8,857 7.810 8.857 7,199 8.383 S Re$our¢¢$ expended 31.03.24 31.03.23 Unrestricted Restricted Charitable activities Church tnanagemenl & administratM)n Fellowship activities Mission- home & overseas Premises and equipment Chapel project 115.179 28,192 30.167 19,292 115.479 109,195 28.192 38.937 30.167 28,600 19.292 16,290 19,657 4,150 212,487 197.172 19.657 19,657 192.830 Govemance costs 31.03.24 31.03.23 Unrestricted Restricted Independent Examinei fee 540 600 600 540 31.03.24 6 Staff ¢05ts and expenses 31.03.23 Gross salaries and EmployeT NIC Employee expenses Pension Training 105.160 1,722 10,318 2,166 89,522 1,841 10.072 1.690 119366 103 125 Employee infomiation Average number of employees No employetrs reiVed remuneration exceeding £60.0. Tho Chur¢h pays Baptist per)sion contribulions for its 2 paid leaders to a pension fund. The pension funds are defined contribution schemes and are not related in any way to the church. 10
Welton Baptist Church CIO Notes to the A¢¢ounts For the year ended 31 March 2024 7 Tangible fixed assets Computers Equlpmènt Co$t At 1 April 2023 AddilionslDisposals 7.462 51,908 319 59.370 319 Al 31 March 2024 7.462 52,227 Depreciation At 1 Apri12023 Charge for the pertod Al 31 March 2024 6,911 540 38,783 45.694 3.726 7,451 41,969 Net book value At 31 March 2024 10,259 At 31 March 2023 551 13.125 8 Debtors 31.03.24 31.03.23 Gift aid recoverable Prepayments 15,847 15.586 9 Creditors: amounts falling due within one year 31.03.24 31.03.23 Other credilors and accruals 10 Movement in fund$ At Received in 01.04.23 year utilised in year Balance transfers 31.03.24 Unrestricted funds General fund Total unrestricted funds 310 760 310 760 208 823 208 823 {193.4301 {193,4301 326 153 326 153 Restricted funds Building fund 141.344 130.778 {19.6571 252.465 Total restricted funds 141 344 130 778 19,657 252,465 Total funds 452,104 339.601 1213,0871 578,618
Welton Baptist Church CIO Notes to the Accounts For the year ended 31 March 2024 11 Analysls of net assets bolween funds Unrestrlcted funds Restrictedl Designated funds Total 2024 Fixed assets Current assets 10,269 315,884 10,269 568,349 252.465 326.153 252.465 578,618 12 Related party transactions The custodian Trustee of the church is the Baplist Union Cowjralion Limited. charity number 249635. which is conlrolled by the Baplisl Union Council. The church is a member ol Wesl of England Baplisl Association. In accordance with the charity's goveming documents. the paslor. Matthew Hebdilch. is a trustee of the charily. Matthew Coomes is employed by the church as a Co-Leader and also acts as an Elder and as laid down in the constilulion, is also a trustee of the Charily. Sally Pelil is employed by the church as an Adminislralor. They are also therefore remunerated by the charity. There were no related party Iransaclions (luring the period. 12
Welton Baptlst Church CIO Charlty number: 11B8181 Independent examSr7er's report to the tmstees of Welton Bapt15t Church CIO I report on lh8 accounts ol Wèllon 88Ptist Churth CIO for the periocl end8d 31 March 202J. which are $gt out on pages 1 to 12. Respectlv• r¥sponsibilities of trusts•$ and examlner The charity's Iruslees are responsible for the preparation ol the accounts. The Ghar¢ty's trustees onsidei Ihal an audit is not required for U)is year under section 144121 of the Charities Act 2011 Ilhe 2011 Act) and that an independent examination is needed. It is my responsibility lo: al examine the accoLFnts under seclion 145 of th6 2011 Act.. bl lo follow the procedures laKI down in Ihe gen6ial DI[On$ given by the commission undtrr section 14515llb) ol the 2011 Act.. and cl to state whether parb"Gular maiters have come lo my attenl*)n. Basis of Indèpendent exam5nerf$ report My examination was carried out in accordance with the genwal DitectK)ns given by the Charity Cornmission. An examination Includes a review of Ihè accounting re¢d$ kept by the charity nd a cornparison ol the accounts presenled with ihosè records. It also includes consideration of any unusual items or disclosures in the accounts. and seeking explanations from you as Iru51ee5 concemirrfJ any such mallers. The procedures undertaken do not provide all the evidence that would be required In an audit and consequently no opinion Is glven as lo whether Ihe accounts present a'true and tsirview. and the rèport is limiled lo those maliers set oul in th8 next statement. Indepgndent examlner's statemènt In connection with my axaminab"on, no maller has come to my attention: 111 whl¢h gives me rgasonable cause to bglieve that in any malarlal resped the requ1MentS. al lo keep accovnling records in 8Gcor(lance with sèction 130 of th6 2011 Act,. and bl lo prepare accounts which accord with the accounting records and comply with the accounting requ1mentS of the 2011 Acl have not been mel.. or 121 lo which. in my oplnlon, 8ttenbon Shk1 be drawn in order lo enable a proper understandlng of the aceounls lo be reached. Dale.. OLI. IZOLS Signed.. MarGO Martin FCCA CTA 13