| Report ofthe trustees | 1-2 |
|---|---|
| Report ofthe Independent Examiner |
|
| Statement of Financial Activities |
|
| Balance Sheet | |
| Notes to the Financial Statements | 6-13 |
| Structure, | Governance | Governance | Governance | and | and | Management | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| As referenced | above, | the | Church has operated as a Charitable Incorporated |
Organisation (CIO) since |
10 | November | 2021. | |||||||||
| Activities and | management | are goverened | by a detailed | constitution which |
is | approved | by the Baptist | Union and filed with the | ||||||||
| Charity Commission. | Management is the responsibility |
ofthe Trustees who | are elected | by the Church | membership | under | ||||||||||
| the terms ofthe constitution. | ||||||||||||||||
| Reference | and Administrative | Details | ||||||||||||||
| Charity name: | Milford Baptist | Church | ||||||||||||||
| Registered | charity number: | 1193261 | ||||||||||||||
| Principal address: | Baptist Church | Hall, 15New Road, Milford, Godalming, | GU8 5BE | |||||||||||||
| Trustees: | D Coombes | |||||||||||||||
| M Dunford | Appointed | 23 October 2022 | ||||||||||||||
| P Herring | Re-appointed 23 October 2022 |
|||||||||||||||
| A Jones | Resigned | 23 October 2022 | ||||||||||||||
| L Lewis | ||||||||||||||||
| D R Lucas | Re-appointed 23 October 2022 |
|||||||||||||||
| B E Pollard | Secretary | Re-appointed 23 October 2022 |
||||||||||||||
| EStanton | Appointed | 23 October 2022 | ||||||||||||||
| Moderator: | S Boddington | |||||||||||||||
| Independent | Examiner: | Lucas & Co, | Chatered Certified Accountants, |
11 Church | Street, Godalming, | GUT 1EQ |
| 2022 | |||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| Note | f | f | f | ||
| Charitabale Income |
|||||
| Donations and |
gifts | 58,563 | 58,563 | ||
| Charitable activities |
19,611 | 19,611 | |||
| Other income | 598,199 | 598,199 | |||
| Bank interest receivable | 227 | 227 | |||
| Total | 676,600 | 676,600 | |||
| Charitabale Expenditure |
|||||
| Ministry costs | 16,768 | 16,768 | |||
| Administration | 2,340 | 2,340 | |||
| Establishment | costs | 6,646 | 6,646 | ||
| Manse costs | 1,902 | 1,902 | |||
| Charitable giving |
10,180 | 10,180 | |||
| Total | 37,836 | 37,836 | |||
| Net surplus/(deficit) | 638,764 | 638,764 | |||
| Other fund movements | 13 | 18,264 | 18,264 | ||
| Net movement | in funds | 657,028 | 657,028 | ||
| Reconciliation | offunds | 15 | |||
| Total funds at | 01 October 2021 | ||||
| Net movement | in funds - 2021/22 | 657,028 | 657,028 | ||
| Total funds at | 30September 2022 | 657,028 | 657,028 |
| BALANCE S | HEET | ||||
|---|---|---|---|---|---|
| 2022 | |||||
| Notes | |||||
| Fixed assets | 10 | 530,554 | |||
| Current assets | |||||
| Debtors | 4,864 | ||||
| Cash at bank | 138,754 | ||||
| 143,618 | |||||
| Creditors | |||||
| Amounts falling due |
within one year | 12 | (9,920) | ||
| Net current assets | 133,698 | ||||
| Total assets | less current liabilities | 664,252 | |||
| Creditors | |||||
| Amounts falling due |
after more than one year | 13 | (7,224) | ||
| Net Assets | 657,028 | ||||
| Fund balances | |||||
| Unrestricted | General | Fund | 15 | 142,418 | |
| Unrestricted | Buildings | Fund | 15 | 514,610 | |
| Total funds | 657,028 | ||||
| D Lucas | BPollard | ||||
| Chairman | Secretary |
| 2 | Income from donations | Income from donations | and gifts | 2022 f |
|---|---|---|---|---|
| Donations and gifts |
48,021 | |||
| Gift Aid recoverable | 10,542 | |||
| 58,563 | ||||
| 3 | Income from charitable | activities | 2022 | |
| Manse rental income | 16,611 | |||
| Contributions towards |
premises costs | 3,000 | ||
| 19,611 |
| Throughout the period, |
the Manse was let on an arms length basis to private tenants. | the Manse was let on an arms length basis to private tenants. | the Manse was let on an arms length basis to private tenants. | |
|---|---|---|---|---|
| Stepping Stones Nursery | make termly contributions | towards premises costs - Note 19 | ||
| 4 | Other income | 2022 | ||
| Net assets transferred | from Milford Baptist Church | |||
| unincorporated charity: |
||||
| Tangible fixed assets | 530,554 | |||
| Cash at bank | 112,698 | |||
| Mortgage loans |
(23,304) | |||
| BU Pension deficit liability | (21,749) | |||
| 598,199 |
| 5 | Ministry Expenses |
2022 |
|---|---|---|
| E | ||
| Moderator costs and expenses | 4,206 | |
| General ministry costs |
2,010 | |
| Outreach and development |
1,159 | |
| Youth costs | 6,827 | |
| Other groups and resources | 2,566 | |
| 16,768 |
| 6 | Administrative | Expenses | Expenses | 2022 |
|---|---|---|---|---|
| E | ||||
| Postage, stationary | and photocopying | 264 | ||
| Telephone and |
broadband | 794 | ||
| Independent Examiner fees |
1,200 | |||
| Bank charges | 82 | |||
| 2,340 | ||||
| 7 | Establishment | Expenses | 2022 | |
| E | ||||
| Repairs and maintenance | 1,457 | |||
| Lighting and heating |
3,235 | |||
| Insurance | 'l,844 | |||
| Water rates | 110 | |||
| 6,646 | ||||
| 8 | Manse costs | 2022 | ||
| F | ||||
| Mortgage interest |
1,153 | |||
| Insurance | 749 | |||
| 1,902 |
| 9 | Charitable giving |
2022 | |||
|---|---|---|---|---|---|
| F | |||||
| Mechanics for Africa | Note 19 | 5,100 | |||
| Compassion UK |
2,232 | ||||
| Baptist Home Mission | 1,000 | ||||
| Disasters Emergency | Committee | 500 | |||
| Various other charitable | gifts | 1,348 | |||
| 10,180 |
| Tangible Fixed |
Assets | ||||
|---|---|---|---|---|---|
| Historic | Insured | Estimated | |||
| cost | value | market value f |
|||
| Church premises | |||||
| Original sanctuary | 38,107 | ||||
| Extension | 134,384 | ||||
| 172,491 | 1,501,000 | 1,500,000 | |||
| Church Ilanse | 358,063 | 479,000 | 750,000 | ||
| Total at 30September 2022 | 530,554 | 1,980,000 | 2,250,000 | ||
| Total transferred | at 10November | 2021 | 530,554 | 1,953,000 | 2,250,000 |
| 11 | Debtors | 2022 | |||
|---|---|---|---|---|---|
| Other debtors | 4,864 | ||||
| 4,864 | |||||
| 12 | Creditors | 2022 | |||
| Amounts | falling due within one year | ||||
| Mortgage | loan | Note 14 | 8,720 | ||
| Other creditors | and accruals | 1,200 | |||
| 9,920 |
| 13 | Creditors Amounts falling |
due after more than one year | due after more than one year | 2022f |
|---|---|---|---|---|
| Mortgage loan |
Note 14 | 7,224 | ||
| Pension scheme | liability | |||
| 7,224 | ||||
| Pension scheme | liability | |||
| Liability transferred from Milford Baptist |
Church | |||
| unincorporated charity at 10November |
2021 | 21,749 | ||
| Payments made |
during the period |
(3,485) | ||
| Liability released | at 30September 2022 | (18,264) | ||
| Provision carried |
forward at 30September 2022 | |||
| Full details of Pension scheme matters are given at Note 17 |
| Total | Total | |||||
|---|---|---|---|---|---|---|
| liabilties at | liabilties | |||||
| Due within | Due within | 30Sept | transferred at |
|||
| oneyear | 1 to 2 years | 2022 | 10 Nov 2021 | |||
| F | ||||||
| Mortgage | loan | 1 | 1,902 | 1,581 | 3,483 | 5,118 |
| Mortgage | loan | 2 | 6,818 | 5,643 | 12,461 | 18,186 |
| 8,720 | 7,224 | 15,944 | 23,304 |
| 2022 | |||||
|---|---|---|---|---|---|
| 15 | Funds and reserves | Unrestricted | Unrestricted | Restricted | Total |
| General | Premises | funds | funds | ||
| Fund | Fund | ||||
| K | |||||
| Total funds at 01 September 2021 | |||||
| Net movement in funds - 2021/22 |
149,778 | 507,250 | 657,028 | ||
| Transfer between funds |
(7,360) | 7,360 | |||
| Total funds at 30September 2022 | 142,418 | 514,610 | 657,028 |
| 2022 | |||
|---|---|---|---|
| Unrestricted General |
Fund | ||
| Gift Aid tax recoverable | 4,864 | ||
| Bank balances | 138,754 | ||
| Other creditors and accruals | (1,200) | ||
| Unrestricted General |
Fund | 142,418 | |
| Unrestricted Premises |
Fund | ||
| Church premises | 172,491 | ||
| Church manse | 358,063 | ||
| 530,554 | |||
| Loans due within one Loans due after more |
year than one year |
(8,720) ~7,224) |
|
| 514,610 |
| Pension | scheme | liability | |||
|---|---|---|---|---|---|
| Provision | transferred from Milford Baptist Church |
||||
| unincorporated charity 10November |
2021 | 21,749 | |||
| Payments | made | during the period |
(3,485) | ||
| Liability released | to general funds at |
30 September 2022 | (18,264) | ||
| Provision | carried | forward at 30 September 2022 | F | Nil |