MILTON BAPTIST CHURCH UNAUDITED FINANCIAL STATEMENTS PERIOD ENDED 31 DECEMBER 2024 Charlty Number 1191696
MILTON BAPTIST CHURCH PERIOD ENDED 31 DECEMBER 2024 Con References and Administrativ8 detsils Trustees. Annual Report Independent Examiners Report Statement of Receipts and Payments Statement ofAssets and Lith"libé5
MILTON BAPTIST CHURCH REFERENCE AND ADMINISTRATIVE DETAILS PERIOD ENDED 31 DECEMBER 2024 The church is registere(I with the Chanty Ccrfnmission Refwenc• Number 11918 and is govemed by a Conststution dated 12 July 2020 . Church Address Milton Baptist ChLtrch Baytree Road Milton west0n-sur-mare BS22 8HJ Trustses Miss Rebecca Alison (Resigned 31 December 20241 Mrs Elswh Hamilton (Appointed 1 January 20251 Mr Nabil Jarad (Resigned 26 October 20241 Mrs Alison Parsons Mr Paul Salmons Mr lan Shillcock IResigned 2 September 20241 Mr Mark Spence Mr Jon Voyle Mrs Sarah Voyle (Appointed 1 January 2025) Mts Catherine Williams (Resigned 12 Seplemter 2024) Mr Steve Wotton Property Trustees West of England Bapbsl Trust Company Ltd Little Stoke Baptist Church, Kingsway, Little Stoke, Bristol. BS34 6JW Registered Charty Number 1092446 Company Limited by Guarantee Number 188973 Bankers HSBC 30, High Street. Weston-super-mare, BS23 1JE Independent Examlner Mr Peter Needham Page 1
MILTON BAPTIST CHURCH TRUSTEES, REPORT PERIOD ENDED 31 DECEMBER 2024 The Trustee$ have pleasure in presenting their rewt together wrth the Receipts and Payment Account for the year lo 31st December 2024, and the Stslement of Assets arKI Liatylibes at 31 December 2024. Structure. Govemanco and Managomgnt The Chartty is govemed by a c¢strIUbOn {dated July 2020). Members oflhe church are aceepted in ardance the ConstrbJbon lCh requi thgm to profess repentance towards God and faith in Our Lord Jesus Christ arKI have lives th bear ewdence of their Christian profession. Membws are USLtally re1ved after bapts'sm by immersion. The Mernbers Meeting normally tskes place six limes Ftr year and has responsibj.lity for the overall pdicy of the church. In accordance wth the Constrtub'on. the members apwnt up to ts¥dve Trustees usually for period of three years, WI together wth the Minister, (who is also appointed by the Members). are collectively known as the Diaconate. and are responsible for the day to day running of the church's work and wrtness, and the financial and legal aspects of the Charity. The eleth.on of Twslees nomally take5 place at the AGM, the Constitution requires advanced nots.ce to be given over two weeks then nomination close fourteen days beft)re the election, with each person preparing a profile vthich is displayed iwo weeks prior lo the election. At the election nominees must receive at least 51% of the cast voles to be elected. Trustees are encouraged lo attend both region81 and national a¢tivtties to gain a wid8r Undetsnding of the role. All members are erKouraged to lake an appropriate part in the syritual and practical lask$ involved in the furtherance of the charitable obiectivg. Relevant matters may be submitted to the Members Meeting by the Trusteès for guidance. or may be raised by members for further considerab.on by the Trustees. Though the conStition pemits decisions to be made al Members Meetings by appropriate majoribes, the church seeks to wo(k by consensus wherever possible. The Trustees have made an assessment of the major risks facirKJ the church. and a satisfied that there are policies in place to minimise these risks. The charity has a continual prOS ol raen9 risk exposure, ov8r recent years a form81 Child Protection Policy has been prepared which is regul8rfy rewewed and updated by the chuich. Policies relatirg to other vulnerable peo are being considerod. Thg Trustees have comF4ied Iwth their duty uThler the Charities AGt 2011 to have due regard to public benefrt guidants published by the Charity Commission. Objectlves and Actfvities The principal object of the charity is the advancgment of the Christs"8n faith according lo the prinCIpS of the Baptist denomination to include Ihe advancement of education, community servtce, and such other general charitable puiposes in such parts of United Kingdom and the as the church shall delemine. The church vision is to.. LOVE GOD, LOVE EACH OTHER, LOVE WESTON Page 2
MILTON BAPTIST CHURCH TRUSTEES. REPORT PERIOD ENDED 31 DECEMBER 2024 The church oceupies premises which are held by West of England B8ptis1 Trust Company Ltd, on trnsls which are entirely compatible the above object. In addition the church owns a residential propety at 7 Pws Close, Weston-super-mare BS22 9AG (also held in trust by the West of England Baptist Tnjsl Company (Westl Lldl. As this propety is not presently required for oFeratsonal purposes it is let on an assured shorthold tenancy. The church is in tt)e process of selling the Cutrent manse (7 PcA¥iS Closel and lookiry to purchase a more suitable property for the new minister. In ord¥r lo achieve the principal objects.ve which is set out above. the church provides a vanety of actiwties both to its membership and to the community generally. The is to show the love of Jesus Christ in b(rth word and deed and to bring people into a closer relth"onship Him as liwng Lord. Central to the work arKI witness of the church is the provision of regular public services of Christian wotship. These services take place each Sunday. rmllY al 10.30 a.m. There are also occasional seNces at other times which are advertised in the weekly bulletin, MBC News. and on the website www.Millon-baptisl.org.uk. There is a full children's programme during the moming semces. The church seeks to be a fn"endly and welcoming community and anybody is free lo attend any of these services. The church run$ a SeS of house groups for the growth of faith and dis¢leShiP in the homes of some members, and further details of these Can te obtained from the Trustees on request, or 8t the Sunday services of worship. The ehur¢h is reSponsie for a Toddler Group wthich meets in the churth wemise5 on Wednesdays, the PLErpose of assisting ts communty and demonstrth.ng the love of Jesus Christ From time lo time the church runs Apha courses for paople interested in discovering more about Christianity. The church runs various events for young people and for tFK)5e in later yaars. The church operates systems to ensure that all people working wth children and vulnerable adults are appropriately vetted wlh regard to the Crtminal Records Buwu. The church has taken a lease on a bjilding in Worfe to &¥ovide a Safe space for the communrty to experience "peace. in the fomi of a"Renew Centre". Achievgments and Porfornmnce The church does not measure the success of its woJrammes onty in numbers. including financial numbers, bul also in less tsngible areas like fellowship, encouragement and inffluence in people's lives. The TnJstee8 reeognise that these are drffieuft lo measure. but believe that 2024 was a positive year in the life of the church. and that it will be able lo pursue its mission purposes in 2025 with continued enthusiasm. The church is active in the local rnMLFnty ere aclivibes include TldIer, aTrJ Free Film Nights. In 2024 net MeMr$hiP decreased from 116 to 108 memt*5. Mainty from members moved away or passed away during the year. Page 3
MILTON BAPTIST CHURCH TRUSTEES, REPORT PERIOD ENDED 31 DECEMBER 2024 Flnanclal Rgvlgw The church continues lo raise the funds vthich it needs to carry on rts &tiwties from within its ov membership and congregation. No wder public appeal was made for fvnds during the year. The church is fully responsiUe for the stiFertd aTrJ housing costs of the Pastor, Revd Dr Louise Luft (part of the year} along with Miss Rebecca Alison, Child and Famity Minister and a Part fin Administrator. These are all paid for by the church. The churth continues lo m8intsin its membership vth the wder Baptist family through Ihe Wesl of Englarbd Bapttst Association and the Baptist Union of Great Britain. In the 12 months to 31 December 2024 it supported Baptist missionary wort( through donations amcrfjnling to £4,932 for Partnership in Mission12023 £4,330) and £4,938for BMS Worfd Mission {2023 £43301. In additson the church supports those from within the fellowship who are involved in a variety of mission fields throughoLrt the wodd through agencies like BMS World Mission Action Teams, Youth Wrth a Missic. The $uppNt during 12 months to l)ecember 2024 was £15,449 {2023 £16.1861. The church is very fortunate in h8ving peop a willing to give their time arKI talents to support ils lrfe and work. Whether it be leading SdY groups. setting up and packing away for services and rTrtIngs, providing refreshments, making music. welcoming peWe into the premises or any of the many other tasks, quietly- day by day. This is truly appreciated and the ehurch wshes to record its thanks to all our member5 and friend$ for their support. The financial results for the year, together V*ith a summary of ts accounting policies adopted are set out in the accompanying financial stataments. The Trustees have adopted a Re5er¥es Policy wthich requires 3 morrths of expenditure to te held in reserve. Th1$ will allow the Charity to contsnue operating for a minimal riod of time should giwng reduce. The value of reserves wll be monrtored on a regular basis in the light on current giving levels items of expenditsjre and annually as part of the budget process. The Trustees believe Ihat the reserves $uld be 81 least al a level to ensure the charity can run efficientsy and meet the needs of the beneficiaries. At the Balance Sheet tjate General Fund amounted lo £207,869 IDe¢ember 2023 £19,222) vthich is above the reserves policy requirement of £38,063 based on 2025 budget. A significant amount of this fund wll be used to help purchase a larger rnanse in 2025. The Trustees are monitoring the opportunities for'Love God, Love Each Other and Love Weston. wth a wew lo utilising the adoal funds as suitable opportunities arise. It is felt that the Coronavirus may have adversely aff&ted some Feople mental health and so the church continues to operate the Renew Café in the community. The Trustees are satisfied that they have suffiaent reserves al the Balance Sheet date. together with ongoiThJ income anticipated, lo enable the churth to funth.on effectively in Ihe coming year. Page 4
MILTON BAPTIST CHURCH TRUSTEES, REPORT PERIOD ENDED 31 DECEMBER 2024 statsment of Trustees responsibilities The Trustees are responsible for preparing the Trustees, Rewt and the financial ststemenls in accordance th the applicable law and United K¢ngdcn Acctyjnting Standards (United Kingdom Geralty Accepted Accounting Practi¢el. The law applicable lo charibes in England & Wales requires the Injstees lo prepare financial statements for each year whi¢h give a true and fair view of the slate of affairs of the charity and of the income sourceS and applicab.on of resources of the chanty for thal perirxl. In preparing these financial statements. the tfuslees are required to.. Select suitable accounb.ng poliaes and then 3Y them ConsistenY. Observe the methods and principles in the Charities SORP; M8ke judgement and eskn"mates that a reasortable and prud[ Slate whether applicable UK Accounting Starbjards have teen foll¢Jwe(l. subject to any material departures disclosed and explained in the financial statements: Prepare the financial statements on the going concem basis unless it is in8pproprie to presume that the chantslje comparby will continue in bu&ness. The trustees are responsible for keeping proFer accounb.ng rewds that disclose wth reasonable accuracy al any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the CharTty {Accounts and RerK)rt51 Regulations and the provision of the trust deed. They are also responsible for Safegualg the ass8ts of the chanty and hence for taking reasonable steps for the prevention and detects.on of fraud and other irregularities. Approved by the TnJ$tees and signed cl) their behaff by.. TnJslee .2025 Page 5
MILTON BAPTIST CHURCH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES PERIOD ENDED 31 DECEMBER 2024 Independent examlnerfs report to the Trustees of Mllton Baptist Church I report lo the Trustees on my examination of the accounts of the Mitton Baptist Church for the period ended 31 December 2024. Responslbllltles and basls of report As the charity Trustees of the Charrty you are responsible forthe preparation of the attounts in accordance th the reqU1ments of the Charities Act 2011 1.the AGt'I. I report in respect of my examination of the chari$ accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directs"ons given by the Charity Commission under section 14515llbl of the Aca. Indopgndont examlnorfs ststsment I have completed my examination. I confim that no material matters have come lo my attention in connection ith the examination giving me cause to believe th in any matenal respe¢t'. accounting records Ere not kept in pect of the Chanty as requir&J by section 130 of the Act., or the accounts do not acrd Vth tFb)se reds. the accounts do not comply th the applicable requirements conceming the fomi and conlenl of accounts set out in the Charrbes (Accounts arKI Reports) Regulab"ons 2008 other than any requirement that the accounts give a Xrue and fair view which is not a matter considered as p8rt of an independent examinion. I have no concems and have come across no other matter5 in connection wth the examination to which attention should be drawn in this report in order to enable a proFW underslanding of the accounts to be reached. Peter Needham Date.. Page 6
MILTON BAPTIST CHURCH CIO YEAR ENDED 31 DECEMBER 2024 RECEIPTS AND PAYMENTS ACCOUNT 12 Months to 31 December Restricted Total Fu4)ds Total Funds Funds 2024 2023 Unrestritted Funds RECEIPTS Donations 121,985 4,240 126,225 107,468 Le8acie5 Gift Ald Rece6ved Charitable activities Room hire & Fees Investments Letting income Interest recesved .030 1,045 20.075 18,014 7.079 7.079 6.491 11,7 8.658 11.7C4) 8,658 11.7C 8,870 TOTAL RECEIPTS 168.452 5.285 173.737 152.543 PAYMENTS Charitable artiv*ties Grants rnade BUGB Home Mlssion BMS World Mission Mission and other donations 4.932 4.938 15.449 4.932 4,938 20.334 4.330 4,330 16,186 25,319 4.885 30,204 24,846 Direct Costs Salaries Pension Deficit Payments Staff travel costs Staff houslng costs Youthwork Evèngeli5m ildren's work Other ministry costs Support costs Renew Buildin8 Costs Heat and ght Maintenance, repatrs and cleaning Equipment Insurance Training and Development Office Costs Bank eharge5 Governance costs 51.656 io 1.773 13.4WJ 7.217 663 L639 2.153 51,656 io L773 13.480 7,217 663 1.639 2.153 42,507 12 1.020 23,732 5.538 1,960 1,968 2.396 13.558 15.471 7.209 11,926 13.5S8 15.471 7.209 11.926 3,990 2,495 5,541 165 1.116 16.914 5,850 13,063 3,879 2.(K)7 5,016 2.495 S.$41 165 1.116 1.032 TOTAL pAYmErS 165.381 4.88S 170.266 167.349 NET RECEIPTSIIPAYMENTSI 3.071 3.471 114.8061 Cash funds l January 2024 228.952 832 229.784 244.590 Cash funds 31 Decernr 2024 232.023 1.232 233,255 229,784 Pa8e 7
MILTON OAPllSTCHUR(A ao YEAR ENDED31 DECEMBER2024 srATeMENfoFASSEf5 AND LtAB¢UllES ReSICted ToralFts Total Fthys 2024 FUTr FuThts 23 Cash Funds Bank and cashbabr 7. 24154 L2a2 233.255 229,784 Other mOtsry aets GIftA notyet ckimed 3.278 3.2>8 3,269 3.269 3.278 knets ietained forthÈ chuTth'stywn Church Bulldin8 lattostl 7Powi4C105e latC05tl chUhXresalld L250.((1) 1.250.LXYJ 1&278 1.450.(0) L4SO,r 1.46&278 In¥te¥nMnevsIe¢ 1,116 1,116 Fryture5 and FfttYare ted¥SofCCSE and rt(eawv.AsaSSets o38h&Ue1hEChurChth3rÉ now shown at£0. FUND 8ALANCE5ASAT31 CECEMBER2024 B¥Lle1 BaL)nEe31 January 24 AÈtypt5 rneS Trdn5fer5 (knmbera)24 UnrÈstrirtEdfund5 Desi8natÈdfUtS Church Projects Le83c¥ Fund Renewspend Extemil PlnE L% Fwvj Fabric Fund rFund 117.970 81357 1117.9701 11fj558) 7.558 L676 L07S 2.676 3,974 6J04 il,L 14rxii 1189.0181 24,154 19322 4.15Z {ts4.8231 189J)18 Totslunrestrotedfus 22&95Z 16&452 1165.3811 231023 ReStrIct fund% barnabJsFund 832 14,98S1 L232 812 14,5851 L232 Total 229,784 173.737 1170.2661 233.255 TheExternalfjNiry FuTrJ tobetTrn5Ferred to Part[hIp InMhsKJn3fAI BM5duty102S ThèPowisFund ts held tytFacTÈarn forremedkl Ooselchurth man5el asarKlwhED rEqutred. ThÈFabrKFund ts he byiheFabrftTeam for remedthl Y>rk5 aithechurthag when reouiTEd The SoLir Fwd wa5 de{r&ed frorn M w#d8rfts.anII e toft#•J the ofsoLir pard5 atChuFth. The Church ProiKts and the Le£atyFut yrevwsferred intvihe Gerral FU durfvihe year31 ck)58Y. &8fftd on behaff ofthEtrre5Son......-.............-.................. Pxe8