## 

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





## 

## 



## 

## 

|Structure,|Governance|Governance|and|and|Management||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|As referenced<br>above,||the|Church has operated as a Charitable<br>Incorporated||||||Organisation<br>(CIO) since|||10|November|2021.|
|Activities<br>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:|||||O Coombes||Resigned|22 October 2023|||||||
||||||M Dunford||||||||||
||||||P Herding<br>A Kelland||Resigned <br>Appointed|22 October 2023<br>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<br>Certified Accountants,<br>11 Church||||Street, Godalming,|||GU7 1EQ||
|Property Trustees:||||The Baptist Union Corporation<br>Limited, Baptist|||||House, 129Broadway,||Didcot, OXI1 8RT||||
|Bankers:||||CAF Bank Limited, 25 Kings<br>Hill Avenue,<br>Kings|||||Hill, West Mailing, ME19|||4JQ|||






## 

## 

## 

## 

## 

## 



## 

||||||2022|
|---|---|---|---|---|---|
|||||2023|10.6 mths|
||||Unrestricted|Total|Total funds|
||||funds|funds|Unrestricted|
|||Note|6|6|6|
|Charitable<br>Income||||||
|Donations<br>and|gifts||57,951|57,951|58,563|
|Charitable<br>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<br>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<br>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<br>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<br>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<br>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<br>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<br>8|2022f|
||Het assets transferred||from Milford Baptist Church|||||
||unincorporated|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 Expenses|2023|2022|
|---|---|---|---|
|||6|6|
||Moderator costs and expenses|3,362|4,206|
||General<br>ministry costs|1,590|2,010|
||Outreach<br>and development|2,138|1,159|
||Youth costs|3,841|6,827|
||Other groups<br>and resources|1,880|2,566|
|||12,811|16,768|





## 

## 

|6|Administrative|Expenses|2023<br>8|2022<br>8|
|---|---|---|---|---|
||Postage,<br>printing<br>Telephone<br>and|and stationary<br> broadband|371<br>764|264<br>794|
||General expenses||343||
||Independent<br>Examiner fees||960|1,200|
||Bank charges||65|82|
||||2,503|2,340|
|7|Establishment|Expenses|2023f|2022<br>8|
||Repairs and maintenance||5,449|1,457|
||Lighting<br>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<br>giving|Charitable<br>giving|||2023|2022|
|---|---|---|---|---|---|---|
||||||8||
||Mechanics<br>for Africa|||Note 19|11,500|5,100|
||Compassion<br>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<br>8|valuef|market value<br>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<br>falling due after more than one year||||E|8|
||Mortgage<br>loan||Note 14|||7,224|
||Pension scheme liability||||||
|||||||7,224|
||Pension scheme liability||||||
||Liability at 30September<br>2022/transferred<br>from Milford<br>Baptist Church unincorporated<br>charity at 10November|||2021||21,749|
||Payments<br>made during the period|||||(3,485)|
||Liability released at 30September 2022|||||(18,264)|
||Provision<br>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<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|
||Net movement<br>in funds - 2022/23||30,429|||30,429|
||Transfer between<br>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<br>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<br>from Milford Baptist Church|transferred<br>from Milford Baptist Church|||
|---|---|---|---|---|
|unincorporated<br>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|



## 



## 

## 

##