2023-09-30-accounts

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	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:					O Coombes		Resigned	22 October 2023
					M Dunford
					P Herding A Kelland		Resigned Appointed	22 October 2023 22 October 2023, tuaig4~		CtR Wt~'3 2-+
					L Lewis
					I I ewzey		Appointed	22 October 2023
					O R Lucas		Resigned	22 October 2023
					B E Pollard		Secretary	Resigned 22 October 2023
					E Stanton		Secretary	(elected 22 October	2023)
Moderator:					S Bodington
Independent	Examiner:				Lucas &Co,	Chatered Certified Accountants, 11 Church				Street, Godalming,			GU7 1EQ
Property Trustees:				The Baptist Union Corporation Limited, Baptist					House, 129Broadway,		Didcot, OXI1 8RT
Bankers:				CAF Bank Limited, 25 Kings Hill Avenue, Kings					Hill, West Mailing, ME19			4JQ

					2022
				2023	10.6 mths
			Unrestricted	Total	Total funds
			funds	funds	Unrestricted
		Note	6	6	6
Charitable Income
Donations and	gifts		57,951	57,951	58,563
Charitable activities			21,739	21,739	19,6'l1
Other income					598,199
Bank interest receivable			2,173	2,173	227
Total			81,863	81,863	676,600
Charitable Expenditure
Ministry costs			12,811	12,811	16,768
Administration			2,503	2,503	2,340
Establishment	costs		16,194	16,194	6,646
Manse costs			1,951	1,951	1,902
Charitable giving			17,975	17,975	10,180
Total			51,434	51,434	37,836
Net surplus/(deficit)			30,429	30,429	638,764
Other fund movements		13			18,264
Net movement	in funds		30,429	30,429	657,028
Reconciliation	offunds	15
Total funds at	01 October 2022		657,028	657,028
Net movement	in funds - 2022/23		30,429	30,429	657,028
Total funds at	30September 2023		687,457	687,457	657,028

BALANCE S	HEET
				2023	2022
			Notes	6
Fixed assets			10	530,554	530,554
Current assets
Debtors				4,279	4,864
Cash at bank				161,607	138,754
				165,886	143,618
Creditors
Amounts falling due		within one year	12	(8,983)	(9,920)
Net current assets				156,903	133,698
Total assets	less current liabilities			687,457	664,252
Creditors
Amounts falling due		after more than one year	13		(7,224)
Net Assets				687,457	657,028
Fund balances
Unrestricted	General	Fund	15	164,308	142,418
Unrestricted	Buildings	Fund	15	523,149	514,610
Total funds				687,457	657,028

2	Income from	donations	donations	and gifts		2023	2022
						6	8
	Donations and gifts					48,369	48,021
	Gift Aid recoverable					9,582	10,542
						57,951	58,563
3	Income from	charitable		activities		2023	2022
							8
	Manse rental	income				21,739	16,611
	Contributions	towards	premises costs				3,000
						21,739	19,611
	Throughout the period,		the Manse was let on		an arms	length basis to private tenants.
	Stepping Stones Nursery			makes contributions	towards	premises costs - Note 19
4	Other income					2023 8	2022f
	Het 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	2023	2022
		6	6
	Moderator costs and expenses	3,362	4,206
	General ministry costs	1,590	2,010
	Outreach and development	2,138	1,159
	Youth costs	3,841	6,827
	Other groups and resources	1,880	2,566
		12,811	16,768

6	Administrative	Expenses	2023 8	2022 8
	Postage, printing Telephone and	and stationary broadband	371 764	264 794
	General expenses		343
	Independent Examiner fees		960	1,200
	Bank charges		65	82
			2,503	2,340
7	Establishment	Expenses	2023f	2022 8
	Repairs and maintenance		5,449	1,457
	Lighting and heating		8,362	3,235
	Insurance		2,207	1,844
	Water rates		176	110
			16,194	6,646
8	Manse costs		2023	2022
			6	8
	Mortgage interest		1,014	1,153
	Insurance		937	749
			1,951	1,902

9	Charitable giving	Charitable giving			2023	2022
					8
	Mechanics for Africa			Note 19	11,500	5,100
	Compassion UK				1,400	2,232
	Stepping Stones			Note 19	2,000
	Baptist Home Mission					1,000
	Disasters relief				900	500
	Other charitable	and pastoral	gifts		2,175	1,348
					17,975	10,180

Tangible Fixed Assets
	Historic	Insured	Estimated
	cost 8	valuef	market value 8
Church premises
Original sanctuary	38,107
Extension	134,384
	172,491	1,833,333	1,500,000
Church Manse	358,063	622,576	750,000
Total at 30September 2023	530,554	2,455,909	2,250,000
Total at 30September 2022	530,554	2,186,551	2,250,000

11	Debtors			2023	2022
				8	8
	Other debtors			4,279	4,864
				4,279	4,864
12	Creditors			2023	2022
	Amounts	falling due within one year			8
	Mortgage	loan	Note 14	7,405	8,720
	Other creditors and accruals			1,578	1,200
				8,983	9,920

13	Creditors				2022	2022
	Amounts falling due after more than one year				E	8
	Mortgage loan		Note 14			7,224
	Pension scheme liability
						7,224
	Pension scheme liability
	Liability at 30September 2022/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 30	September	2023/2022
	Full details of Pension scheme	matters are	given at Note 17

						Total
						liability at	Total liability
			Due	within	Due within	30Sept	at 30Sept
			one	year	1 to 2years	2023	2022
					8	8	8
Mortgage	loan	1		1,619		1,619	3,483
Mortgage	loan	2		5,786		5,786	12,461
				7,405		7,405	15,944

15	Funds and reserves		Unrestricted	Unrestricted	Restricted	Total
			General	Premises	funds	funds
			Fund	Fund
			f	6	6	6
	Total funds at 01 October 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
	Net movement in funds - 2022/23		30,429			30,429
	Transfer between funds		(8,539)	8,539
	Total funds at 30September	2023	164,308	523,149		687,457

				2023	2022
					6
Unrestricted	General		Fund
Gift Aid tax recoverable				4,279	4,864
Bank balances				161,607	138,754
Other creditors	and accruals			1,578	(1,200)
Unrestricted General		Fund		164,308	142,418
Unrestricted	Premises		Fund
Church premises				172,491	172,491
Church manse				358,063	358,063
				530,554	530,554
Loans due within one		year		(7,405)	(8,720)
Loans due after more		than one year			7,224
				523,149	514,610

Provision	transferred from Milford Baptist Church	transferred from Milford Baptist Church
unincorporated charity 10November 2021			21,749
Payments	made	during the period		(3,485)
Liability released		to general funds at 30September 2022	(18,264)
Provision	carried	forward at 30September 2022	8	Nil
Payments	during	year ended 30September 2023	8	12
Provision	carried	forward at 30September 2023		Nil