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2024-12-31-accounts

Aylesham Baptist Free Church Trustees Report & Financial Statements Year ended 31 December 2024

AYLESHAM BAPTIST FREE CHURCH

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 CONTENTS

PAGE
Trustees & advisors 1
Trustees Annual Report 2
Independent Examiner's report to the trustees 7
Statement of receipts and payments 8
Statement of assets and liabilities 9
Notes to the financial statements 10

AYLESHAM BAPTIST FREE CHURCH

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

TRUSTEES AND PROFESSIONAL ADVISORS

Registered charity name Aylesham Baptist Free Church Charity number 1200799 Correspondence address Aylesham Baptist Free Church Dorman Avenue South Aylesham Kent Trustees Ms L Moncaster Mr D Mulford Mrs R Stanley Ms A Moulton Independent Examiner Mr J Leeves FCA DChA Shapes The Buttery Highland Court Farm Bridge Kent CT4 5HW Bankers Barclays Bank 13 Fremlin Walk Maidstone ME14 1QG

Page 1

AYLESHAM BAPTIST FREE CHURCH

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

TRUSTEES ANNUAL REPORT

The trustees present their report and the financial statements of the charity for the year ended 31 December 2024

REFERENCE AND ADMINISTRATIVE DETAILS

Reference and administrative details are shown in the schedule of trustees and professional advisers on page 1 of the financial statements.

THE TRUSTEES

The trustees who served the charity during the year were as follows:

Ms L Moncaster Mr D Mulford Mrs R Stanley Ms A Moulton

STRUCTURE, GOVERNANCE AND MANAGEMENT

Aylesham Baptist Free Church is an independent Baptist church, affiliated with the South Eastern Baptist Association (SEBA) and the Baptist Union of Great Britain .

The church is governed in accordance with our church constitution and charity regulations . Major decisions are made at church members' meetings. Trustees are elected from among the church membership.

The church currently has 30 members , supported by a much wider community of attendees, friends, and volunteers.

We are deeply grateful to our committed team of volunteers who help with all aspects of church life, including:

Without their generous service, the day-to-day running of the church would not be possible. We are especially thankful to those who stepped into leadership and preaching roles during our minister’s leave.

RISK MANAGEMENT

The trustees have regularly and actively reviewed the risks faced by the charity. The trustees have examined all risks, including financial risk, operational risk and business risk and confirm that procedures to mitigate significant risks are in place, regularly reviewed and where necessary revised.

Page 2

AYLESHAM BAPTIST FREE CHURCH

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

TRUSTEES ANNUAL REPORT (continued)

OBJECTIVES AND ACTIVITIES

The purpose of Aylesham Baptist Free Church is to advance the Christian faith and support the spiritual, emotional, and social wellbeing of people in Aylesham and the wider area. We do this in accordance with Baptist principles, through worship, outreach, practical care, and community engagement.

We offer regular opportunities for worship, teaching, prayer, and fellowship. We also provide safe, inclusive spaces for people to meet, connect, and receive support. Through a mix of local activities, volunteering, and partnerships, we seek to embody our Christian values of love, hospitality, inclusion, and generosity.

Key regular activities include:

PUBLIC BENEFIT

The trustees confirm that they have complied with their duty under section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.

Aylesham Baptist Free Church offers benefit to the public by:

All services are offered freely or at minimal cost, and we strive to remove barriers to access and participation wherever possible.

Page 3

AYLESHAM BAPTIST FREE CHURCH

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

TRUSTEES ANNUAL REPORT (continued)

ACHIEVEMENTS AND PERFORMANCE

Worship and Pastoral Ministry

Community Engagement and Support

Partnership and Outreach

Inclusion and Safeguarding

Building and Facilities

Page 4

AYLESHAM BAPTIST FREE CHURCH

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

TRUSTEES ANNUAL REPORT (continued)

FINANCIAL REVIEW

Total income for the period was £68,636 (2023: £57,553). The church received income from donations, Gift Aid recovery, rental income and a number of small grants in the year.

Expenditure for the period was £72,382 (2023: £61,813) leaving carried forward funds of £11,233 (2023: £14,979).

Ensuring overcharged utility payments were received back and securing grants to support roof repairs and redecoration of the church buildings were key wins in the year.

PLANS FOR FUTURE PERIODS

In 2025 Laura will be taking maternity leave so the running of the church activities will need to be covered by volunteers.

Plans to explore a social housing development will continue to be pursued although unlikely to be finalised in the next twelve months.

We will also look for more opportunities to make people welcome in our community.

RESERVES POLICY

The trustees have considered the reserve levels required based on the ongoing needs of the charity. Based on the current activity and regular expenditures this is deemed to be between 3-6 months of expenditure. The reserves level is reviewed at trustee meetings on an ongoing basis and plans made to support expected expenditure put in place when required.

Page 5

AYLESHAM BAPTIST FREE CHURCH

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

STATEMENT OF RESPONSIBILITIES OF THE TRUSTEES

The trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and regulations and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial statements, the trustees are required to:

· prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed on behalf of the trustees on 31 October 2025

Mrs R Stanley

Mr D Mulford

Page 6

AYLESHAM BAPTIST FREE CHURCH

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF AYLESHAM BAPTIST FREE CHURCH

I report on the accounts of the charity for the year ended 31 December 2024 which are set out on pages 8 to 9.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under charity law and is eligible for independent examination, it is my responsibility to:

BASIS OF INDEPENDENT EXAMINER'S REPORT

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.

INDEPENDENT EXAMINER'S STATEMENT

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements:

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Shapes, The Buttery Highland Court Farm Bridge, Canterbury CT4 5HW

Jim Leeves FCA DChA 31 October 2025

Page 7

AYLESHAM BAPTIST FREE CHURCH

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 RECEIPTS AND PAYMENTS ACCOUNTS

Note
Receipts
Weekly offerings
Donations and other income
2
Gift Aid
Rents and contributions for use of
premises
Grants received
3
Raised for other causes
4
Total Receipts
Payments
Ministry
5
Mission
6
Upkeep of church premises
7
Amounts passed on to other causes
8
Governance costs
Total Payments
Net receipts / (payments) for the
year
Cash balance at previous year end
Cash balance at current year end
31 Dec
2024
Unrestricted
Funds
31 Dec
2024
Restricted
Funds
31 Dec
2024
Total
Funds
31 Dec
2023
Total
Funds
£24,483
-
£24,483
£32,061
£6,425
£826
£7,251
£2,527
£6,494
-
£6,494
-
£20,208
-
£20,208
£14,042
-
£9,600
£9,600
-
-
£600
£600
£8,923

£57,610
£11,026
£68,636
£57,553
£20,358
-
£20,358
£23,226
£1,562
£317
£1,879
£4,957
£28,386
£10,426
£38,812
£26,803
£2,347
£7,855
£10,202
£6,087
£1,131
-
£1,131
£700
£53,784
£18,598
£72,382
£61,813
£3,826
(£7,572)
(£3,746)
(£4,260)
£6,230
£8,749
£14,979
£19,239
£10,056
£1,177
£11,233
£14,979

Page 8

AYLESHAM BAPTIST FREE CHURCH

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 STATEMENT OF ASSETS AND LIABILITIES

Note
Assets
Bank and other cash balances
Barclays Bank Current Account
Barclays Bank Ukraine Account
Barclays Bank Savings Account
Current Assets
HMRC Gift Aid
Utilities refund
Fixed Assets
Church Building
Manna House
Other church contents
10
Total Assets
Liabilities
Community Project grant to be repaid
Pension Scheme liability
11
31 Dec
2024
Unrestricted
Funds
31 Dec
2024
Restricted
Funds
31 Dec
2024
Total Funds
31 Dec
2023
Total Funds
£3,056
£1,177
£4,233
£2,369
-
-
-
£7,029
£7,000
£10,056
-
£1,177
£7,000
£11,233
£5,581
£14,979
£4,084
-
£913,029
£393,502
£50,000
-
-
-
-
-
£4,084
-
£913,029
£393,502
£50,000
£4,955
£8,112
£913,029
£393,502
£50,000
£1,370,671
£1,177
£1,371,848
£1,384,577
-
-
-
Baptist
Pension
Scheme - see
notes
-
Baptist
Pension
Scheme - see
notes

The accounts and statement of assets and liabilities set out on pages 1 & 2 relating to the year ending 31 December 2024 are as approved by the deacons.

Signed:

Dominic Mulford

Rachel Stanley

31 October 2025

Page 9

AYLESHAM BAPTIST FREE CHURCH

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

NOTES TO THE ACCOUNTS

1. Basis of accounts

These accounts have been prepared on a ‘receipts and payments’ basis and in accordance with Section 133 Charities Act 2011.

On 7 March 2024 the assets, liabilities and activity of the former unincorporated charity were formally passed to Aylesham Baptist Church CIO (registered charity number 1200799).

In accordance with the charity SORP merger accounting has been used to prepare the accounts for the full period from 1 January 2024 to 31 December 2024. No other changes to the charity were made other than to the legal form.

See note 12 for further disclosure information.

2. Donations and other income

2. Donations and other income
Horley Baptist Church
Utility Contribution
Other individual donations
Fundraising for roof
Total Donations and Other Income
3. Grants received
Roof grants (restricted)
Benefact Trust (restricted)
Total Grants
4. Raised for other causes
Ukraine giving (restricted)
One off collection for appeals
Total Raised for other causes
2024
Unrestricted
Funds
2024
Restricted
Funds
2024
Total
Funds
2023
Total
Funds
-
-
-
£1,600
£4,997
-
£4,997
-
£1,428
-
-
£826
£1,428
£826
£927
-
£6,425
£826
£7,251
£2,527
2024
Unrestricted
Funds
2024
Restricted
Funds
2024
Total
Funds
2023
Total
Funds
-
£7,000
£7,000
-
-
£2,600
£2,600
-
-
£9,600
£9,600
-
2023
Unrestricted
Funds
2023
Restricted
Funds
2023
Total
Funds
2022
Total
Funds
-
£600
£600
£8,823
-
-
-
£100
-
£600
£600
£8,923

Page 10

AYLESHAM BAPTIST FREE CHURCH

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

NOTES TO THE ACCOUNTS (continued)

5. Ministry

Minister’s stipend
Pension contribution and deficit payment
Minister in training
Minister expenses
Manse utilities
Manse repairs
Total Ministry
2024
Unrestricted
Funds
2024
Restricted
Funds
2024
Total
Funds
2023
Total
Funds
£12,882
-
£12,882
£12,204
£3,972
-
£3,972
£4,126
-
-
-
£1,400
£2,912
-
£2,912
£2,487
£319
-
£319
£2,909
£273
-
£273
£140
£20,358
-
£20,358
£23,266

The Minister acts as one of the church's trustees and receives remuneration and other benefits in respect of her services as Minister, including the provision of manse accommodation owned by the church.

6. Mission

6. Mission
2024 2024 2024 2023
Unrestricted Restricted Total Total
Funds Funds Funds Funds
Home Mission - - - £1,200
SEBA £1,200 - £1,200 £2,300
Renew 61 and Youth Renew (restricted) £362 £317 £679 £1,369
Pantomime (restricted) - - - £88
Total Mission £1,562 £317 £1,879 £4,957
7. Upkeep of church premises and administration
2024 2024 2024 2023
Unrestricted Restricted Total Total
Funds Funds Funds Funds
Lighting and heating £853 - £853 £13,356
Water £4,893 - £4,893 £2,467
Cleaning £4,258 - £4,258 £3,606
Insurance £1,894 - £1,894 £1,746
Repairs and maintenance £9,482 £10,426 £19,908 £1,968
Church expenses and sundry £4,716 - £4,716 £1,321
Council Tax £2,290 - £2,290 £2,184
BUGB - - - £155
Total Upkeep of church premises £28,386 £10,426 £38,812 £26,803
and administration

Page 11

AYLESHAM BAPTIST FREE CHURCH

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

NOTES TO THE ACCOUNTS (continued)

8. Amount passed on to other causes

Bex Loved Orphanage Centre
Other gifts
Ukraine family support
Toddler and youth
Total for other causes
9. Restricted fund analysis
Collections
Ukraine family
Renew 61 Project
Roof repairs
Benefact trust
2024
Unrestricted
Funds
2024
Restricted
Funds
2024
Total
Funds
2023
Total
Funds
£1,150
-
£1,150
£1,200
£389
£226
£615
£1,155
-
£7,629
£7,629
£3,732
£808
-
£808
-
£2,347
£7,855
£10,202
£6,087
2024
Balance
brought
forward
2024
Incoming
funds
2024
Outgoing
funds
2024
Balance
carried
forward
£40
-
-
£40
£8,392
£600
(£7,855)
£1,137
£317
-
(£317)
-
-
£7,826
(£7,826)
-
-
£2,600
(£2,600)
-
Restricted fund totals £8,749
£11,026
(£18,598)
£1,177

Page 12

AYLESHAM BAPTIST FREE CHURCH

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

NOTES TO THE ACCOUNTS (continued)

10. Assets Held for the Church’s own use

The church is the beneficial owner (subject to the relevant trusts) of the following assets, the legal title to which is held by the church’s custodian trustee the Baptist Union Corporation Ltd:

11. Pension Scheme Liabilities

The Church was previously a participating employer of the Baptist Pension Scheme (“the Scheme”), which is a separate legal entity administered by the Pension Trustee (Baptist Pension Trust Limited). The assets of the Scheme are held separately from those of the Employer and the other participating employers.

On 30th June 2022 the Baptist Pension Scheme signed an agreement with the insurance company Just Group (“Just”) to secure DB Plan members’ pension benefits. Just are now providing financial backing for all pensions provided through the Scheme’s DB Plan and following this transaction, the Scheme no longer has a shortfall. An updated Recovery plan was then signed in August 2022 under which recovery contributions from each participating employer in the DB Plan reduced to £1 per month from August 2022.

Page 13

AYLESHAM BAPTIST FREE CHURCH

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

NOTES TO THE ACCOUNTS (continued)

12. Transfer of Assets to CIO

Analysis of pre and post-merger components for the current period:

2024 2024 2024 2024
Aylesham Aylesham Charity Combined
Baptist Free Baptist Free (post-merger) Total
Church Church CIO
(pre-merger) (pre-merger)
Total income £17,309 - £51,327 £68,636
Total expenditure (£21,163) - (£51,219) (£72,382)
Net income / (expenditure) (£3,854) - £108 (£3,746)
Other gains /(losses) - - - -
Net Movement in Funds (£3,854) - £108 (£3,746)
nalysis of previous reporting period:
2023 2023 2023
Aylesham Aylesham Charity
Baptist Free Baptist Free (post-merger)
Church Church CIO
(pre-merger) (pre-merger)
Total income £57,553 - £57,553
Total expenditure (£61,813) - (£61,813)
Net income / (expenditure) (£4,260) - (£4,260)
Other gains /(losses) - - -
Net movement in funds (£4,260) - (£4,260)
Total cash funds brought forward £19,239 - £19,239
Total cash funds carried forward £14,979 - £14,979

Analysis of previous reporting period:

Page 14

AYLESHAM BAPTIST FREE CHURCH

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

NOTES TO THE ACCOUNTS (continued)

Analysis of net assets at date of merger:

7 Mar 2024 7 Mar 2024 7 Mar 2024
Aylesham
Baptist Free
Aylesham
Baptist Free
Combined
Total
Church Church CIO
Fixed Assets £1,356,531 - £1,356,531
Cash Balances £11,125 - £11,125
Represented by:
Unrestricted funds £9,567 - £9,567
Restricted funds £1,558 - £1,558

Page 15