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|Report ofthe trustees|1-2|
|---|---|
|Report ofthe Independent<br>Examiner||
|Statement<br>of Financial Activities||
|Balance Sheet||
|Notes to the Financial Statements|6-13|





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|Structure,|Governance|Governance|Governance|and|and|Management|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|As referenced||above,|the|Church has operated as a Charitable<br>Incorporated|||||||Organisation<br>(CIO) since|||10|November|2021.|
|Activities and||management|||are goverened||by a detailed||constitution<br>which|is|approved||by the Baptist|Union and filed with the|||
|Charity Commission.|||Management<br>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<br>23 October 2022|||||||||
|||||||A Jones||Resigned|23 October 2022||||||||
|||||||L Lewis|||||||||||
|||||||D R Lucas||Re-appointed<br>23 October 2022|||||||||
|||||||B E Pollard||Secretary|Re-appointed<br>23 October 2022||||||||
|||||||EStanton||Appointed|23 October 2022||||||||
|Moderator:||||||S Boddington|||||||||||
|Independent||Examiner:||||Lucas & Co,|Chatered<br>Certified Accountants,|||11 Church|||Street, Godalming,||GUT 1EQ||






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||||||2022|
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
||||funds|funds|funds|
|||Note|f|f|f|
|Charitabale<br>Income||||||
|Donations<br>and|gifts||58,563||58,563|
|Charitable<br>activities|||19,611||19,611|
|Other income|||598,199||598,199|
|Bank interest receivable|||227||227|
|Total|||676,600||676,600|
|Charitabale<br>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<br>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|





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|BALANCE S|HEET|||||
|---|---|---|---|---|---|
||||||2022|
||||Notes|||
|Fixed assets|||10||530,554|
|Current assets||||||
|Debtors||||4,864||
|Cash at bank||||138,754||
|||||143,618||
|Creditors||||||
|Amounts<br>falling due||within one year|12|(9,920)||
|Net current assets|||||133,698|
|Total assets|less current liabilities||||664,252|
|Creditors||||||
|Amounts<br>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|||






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|2|Income from donations|Income from donations|and gifts|2022<br>f|
|---|---|---|---|---|
||Donations<br>and gifts|||48,021|
||Gift Aid recoverable|||10,542|
|||||58,563|
|3|Income from charitable||activities|2022|
||Manse rental income|||16,611|
||Contributions<br>towards|premises costs||3,000|
|||||19,611|



||Throughout<br>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<br>charity:||||
||Tangible fixed assets|||530,554|
||Cash at bank|||112,698|
||Mortgage<br>loans|||(23,304)|
||BU Pension deficit liability|||(21,749)|
|||||598,199|



|5|Ministry<br>Expenses|2022|
|---|---|---|
|||E|
||Moderator costs and expenses|4,206|
||General<br>ministry costs|2,010|
||Outreach<br>and development|1,159|
||Youth costs|6,827|
||Other groups and resources|2,566|
|||16,768|





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|6|Administrative|Expenses|Expenses|2022|
|---|---|---|---|---|
|||||E|
||Postage, stationary||and photocopying|264|
||Telephone<br>and|broadband||794|
||Independent<br>Examiner fees|||1,200|
||Bank charges|||82|
|||||2,340|
|7|Establishment|Expenses||2022|
|||||E|
||Repairs and maintenance|||1,457|
||Lighting<br>and heating|||3,235|
||Insurance|||'l,844|
||Water rates|||110|
|||||6,646|
|8|Manse costs|||2022|
|||||F|
||Mortgage<br>interest|||1,153|
||Insurance|||749|
|||||1,902|



|9|Charitable<br>giving||||2022|
|---|---|---|---|---|---|
||||||F|
||Mechanics for Africa|||Note 19|5,100|
||Compassion<br>UK||||2,232|
||Baptist Home Mission||||1,000|
||Disasters Emergency|Committee|||500|
||Various other charitable||gifts||1,348|
||||||10,180|





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|Tangible<br>Fixed|Assets|||||
|---|---|---|---|---|---|
||||Historic|Insured|Estimated|
||||cost|value|market value<br>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|





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|13|Creditors<br>Amounts<br>falling|due after more than one year|due after more than one year|2022f|
|---|---|---|---|---|
||Mortgage<br>loan||Note 14|7,224|
||Pension scheme|liability|||
|||||7,224|
||Pension scheme|liability|||
||Liability transferred<br>from Milford Baptist||Church||
||unincorporated<br>charity at 10November||2021|21,749|
||Payments<br>made|during<br>the period||(3,485)|
||Liability released|at 30September 2022||(18,264)|
||Provision<br>carried|forward at 30September 2022|||
||Full details of Pension scheme matters are given at Note 17||||



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||||||Total|Total|
|---|---|---|---|---|---|---|
||||||liabilties at|liabilties|
||||Due within|Due within|30Sept|transferred<br>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|





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||||||2022|
|---|---|---|---|---|---|
|15|Funds and reserves|Unrestricted|Unrestricted|Restricted|Total|
|||General|Premises|funds|funds|
|||Fund|Fund|||
|||K||||
||Total funds at 01 September 2021|||||
||Net movement<br>in funds - 2021/22|149,778|507,250||657,028|
||Transfer between<br>funds|(7,360)|7,360|||
||Total funds at 30September 2022|142,418|514,610||657,028|



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||||2022|
|---|---|---|---|
|Unrestricted<br>General||Fund||
|Gift Aid tax recoverable|||4,864|
|Bank balances|||138,754|
|Other creditors and accruals|||(1,200)|
|Unrestricted<br>General|Fund||142,418|
|Unrestricted<br>Premises||Fund||
|Church premises|||172,491|
|Church manse|||358,063|
||||530,554|
|Loans due within one <br>Loans due after more|year<br> than one year||(8,720)<br>~7,224)|
||||514,610|





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|Pension|scheme|liability||||
|---|---|---|---|---|---|
|Provision|transferred<br>from Milford Baptist Church|||||
|unincorporated<br>charity 10November|||2021||21,749|
|Payments|made|during<br>the period|||(3,485)|
|Liability released||to general<br>funds at|30 September 2022||(18,264)|
|Provision|carried|forward at 30 September 2022||F|Nil|



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