CHARITY REGISTRATION NUMBER: 1203133 Melton Mowbray Baptist Church A Charitable Incorporated Organisation Unaudited Financial Statements 30th September 2024 A R R PRICE LIMITED Chartered Accountants 17 Newstead Grove NOThINGHAM NG14GZ
Melton Mowbray Baptist Church (A Charitable Incorporated Organisationl Financial Statements Perlod ended 30th September 2024 Page Trustees, Annual Report Independent Examinerfs Report to the Trustees 214 Statement of Financial Activities Statement of Financial Position Notes to the Financial Statements 8116
Melton Mowbray Baptist Church {A Charitable Incorporated Organisation) Trustees. Annual Report Period ended 30th September 2024 The Trustees present their report and the unaudited financial statements of the charity for the period ended 30th September 2024. Reference and administrative detalls Registered Charity Name Melton Mowbray Baptist Church Charity Registration Number 1203133 Principal office Baptist Church Bowling Green MeltDn Mowbray LE13 OFA The Tru8tee8 Rev S M Dunn Mr M R Campbell Dr R D Jones Ms S J Birtey MsRLGray Mr R M Nicholls Mr A D Smallridge Independent Examlner A R R Price FCA 17 New5tead Gruve NOThINGHAM NG14GZ
Melton Mowbray Baptist Church (A Charitable Incorporated Organisation) Independent Examiner's Report to the Trustees of Melton Mowbray Baptist Church Period ended 30th September 2024 structure, govemance and management The Melton Mowbray Baptist Church is a Charitable Incorporated Organlsatlon, registered on 18th May 2023. Following a decision by the Trustees of the unincorporated and unregislered charity to establish a Charitable Incorporated Organisation lo take forward the charity's work and its conversion from 1st October 2023. Its objects are set out in its constitution and include the following provisions.. The advancement of the Christian faith according to the principles of the Bapts'st denominali¢Jn. The Church may also advance education and cary out other charitable purposes in the United Kingdom and or in other parts of the workl. The main decision-making body of the Charity is the board of Trustees. Recrultment of Trustees Notice is given of any forthcoming election so that Church Members can freely nominate prospective Trustees whose names shall be submitted (after they have indicated a willingnes8 lo be appointed) for decision to the Church Members with the intention of ensuring that those appointed have a sufficient level of support from them. Vvhere there is a Minister that person is also a Charity Trustee because of their role and responsibilities. Nominalions are made to the Church Secretary no later than 3 Sundays before the Church Members Meeting al which the election is lo be held. Nominations are in writing with the supporting signature of o other Church Members and the consent of the candidate. Requests for nominations are made regularly for 3 weeks before the election dale. Voting is by secret ballot at a Church Members meeting. Members are asked lo vote for those candidates whom they believe could serve the Church well as Charity Trustee5. Scrulineers count the voles in the meeting and report to the Chair the outcome. The number of candidates, being not more than the number of vacancies, receiving the highest number of voles shall be declared lo be elected, provided that each oandidale declared shall have received votes from al least 700A of those members voting. At the first Annual General Meeting of the Members of the Church all the of the first Trustees shall retire excluding any Minister and a process of re-appointment shall be undertaken for an initial term of 1,2 or 3 years. One third of the elected Trustees excluding any Minister shall retire each calendar year. Newly appointed Trustees are inducted. The induction covers the role of a Trustee, their responsibilities, a summary of the key issues and a copy of the constitution and the latest annual report and accounts are provided.
Melton Mowbray Baptist Church (A Charitable Incorporated Organisation) Independent Examinerfs Report to the Trustees of Melton Mowbray Baptist Church Period ended 30th September 2024 Objectives and aetivities Principal purposes of the Church are the advancement of the Christian faith according lo the principles of the Bap115t denomination_ The Church may also advance education and carry out other eharilable purposes in the United Kingdom andlor other parts of the world. In fulfilling the purpose, the Church will engage in a range of activities including.. Regular public worship prayer., Bible study, preaching and teaching", Baptism., Communion., evangelism and mission. teaching- encouragement, welcome and inclusion of young people- nurture & growth of Christian disciples,. education & training for Christian and community service,. pastoral care,. supporting haritable social action in the UK and abroad.. encouraging relationships with and supporting Baptists and other Christians, Achlevements and performance Our regular public worship on Sundays includes two services, a monthly meal. groups for children and young people aged 0-16 and have an increased attendance from around 20Q around our AGM last year to a congregation that can regularly reach 250 and al its largest was over 270. Throughout these 12 month5 preaching has included, Acts, Genesis, the Lord's Prayer, the sermon on the mount and the gospel of Luke. We have had guest preachers from loeal churches and also speakers of national and intemalional renown. The Gospel has been faithfully preached and God has been glorified through our worship together. Our evening Gathered@7 has really developed and the team of prèachers and worship leaders who lake charge ofthese services have really given it life and variety. The preaching al Gathered has covered Deuleronomy. Psalms, Philippians and Parables. In addition, our small groups for Bible study have grown in numbers this last year. In 2024 we had 11 Baptisms. We continue lo share Communion together at Jeasl once a month. Evangelism and mission are carried out through Sunday morning preaching and through running the Alpha course Mice in the last year giving new Christians and those exploring faith the opportunity to find out more. In addition, we ran a Community Day, Easter egg hunt for our local families and community at which hundreds of people attended. We also support the Community Chaplaincy team chatting lo market traders and others lce weekly in the town and run ministries al local care homes. We also sijpport overseas mission partners seeking to share God's word abroad including BMS World Mission. As well as the Sunday moming childr@n and young people group's we run a Friday night youth dub and a youth alpha. We are committed to the nurture and growth of Christian disciples through Alpha and small groups. Education is linked intrinsically lo di%cipleship which is delivered through the weekty teaching stream transforming individuals and church members to support others in the Community. We have a pastoral visiting team to support those who are bereaved, p(x)rly or in need of home visits for prayer and communion. We support Melton and District Money Advi Cenlre, Melton Foodbank, Teen Challenge Drug & Alcohol Rehabilitation Centre along with Hope for Justice. BMS World Mission and other charities working overseas.
Melton Mowbray Baptist Church (A Charitable Incorporated Organisation) Independent Examinerf8 Report to the Trustses of Melton Mowbray Baptist Church Period ended 30th September 2024 We continue to foster strong relationships with our local East Midland BaptislAssociation, other Baptist Churches and all churches within our local town, sharing resources and ev8nts where appropriate. Financlal revlew We are pleased to report thal the Charity's finances a in good order. Income from the congregation conts'nues to increase as the Church continues to grow. We have also seen a rise in our rentsl income from the hiring oul of the building, There is a small surplus of income over expenses. Principal assets are the Church and Manse buildings and cash in the bank accounts. There is one significant liability. an interest free loan from 2 rnernbers repayable over 15 years where £e3,750 remains outstanding. Policy on Reserve8 The Church maintains a general reserve equivalent to £30.000 which is reviewed annually. The target serveS will be achieved by maintaining a signifjcanl cash balance. Public Benefrt Having regard lo the guidance published by the Charity commission, the charity Trustees continue to provide public benefit by seeking lo advance the Christian Faith and practice with the principles of the Baptist Denomination. The TrLJStees' annual report was approved on .........................,.... and signed on behalf of the board of Trustees by.. Rev S M Dunn Tnjstee
Melton Mowbray Baptist Church (A Charitable Incorporated Organisation) Independent Examiner's Report to the Trustses of Melton Mowbray Baptist Church Period ended 30th September 2024 I report to the Trustees on my examination ofthe financial statements of Melton Mowbray Baptist Church I'the charity'l for the period ended 30th September 2024. Responslbilitles and basis of rgport As the Trustees of the Charity, you are responsible for the preparation of the financial stslements in accorda1 with the requirements of the Charities Act 2011 ('Ihe Act'i. I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicablo Diwlions given by the Charity Commission under section 14515llbl of the Act Independont examinefs statement I have completed my examination. I corffirm that no material matters have come to my attention in connection with the examination gwing me cause to believe that In any material respect.. accounting records were not kept in respect of the charity as required by section 130 ot the Act., or the financial stslemenls do not accord with those records,. or the financial statements do not Comply with the applicable requirements conceming the form and content of accounts sel out in the Charities IAc¢ounls and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fail view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection with the examinakn'on to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. A R R Price FCA For and on behalf of A R R Prlce Llmlted Independent Examiner 17 Newstead Grove NOThINGHAM NG14GZ
Melton Mowbray Baptist Church (A Charitable Incorporated Organisation) Statement of Firjancial Activities Period ended 30th September 2024 9 months to 30.09.2023 2024 Unrestted funds Totsl funds Tolal funds Note Income and endowmants Donations and legacies Charitable activibes Other trading activities Investment income 177,078 19,018 25,117 221 177,078 19,018 25,117 221 113,188 10,745 7,984 Total income 221,434 221.434 131,917 Expenditure Expenditure on charitable actTriities 206,078 206,078 99.854 Total expenditure 206,078 206,078 99,854 Net income and net movement in lunds 15,356 15,356 32,063 Reconciliation of funds Total funds brought forward 1.466,450 1,466,450 1,434,387 Total funds carried forward 1.481,806 1,481,806 1,466,450 The ststemenl of financial activities includes all gains and losses recc4Jnised In the year. All income 8nd expenditure derive from continuing activities. The note8 on pages 8 to 16 fom) part of these financial slatement
Melton Mowbray Baptist Church IA Charitable Incorporated Organisation) Statement of Financial Position 30th September 2024 2024 2023 Fixed a$$ets Tangible fixed assets 15 1,476.515 1,483,145 Current assets Debtors Cash at bank and in hand 16 9.225 71.082 59,780 80.307 59,780 Creditors: amounts falling due within one year 17 11,266 7,725 Net current assets 69,041 52.055 Total assets less Current liabilities 1.545,556 1,535,200 Creditors: amounts falling due after more than one year 18 63,750 68.7SO Net assets 1.481,806 1,466,450 Funds of the charity Unrestricted funds 1.481,806 1,466,450 Total charity funds 20 1,481,806 1,466,450 These financial statements were approved by the board of Trustees and aulhorised for issue on /,q...b-..2.ol(and are signed on behalf of the board by.. Rev S M Dunn Tru$tOa Mr A D Smalliidge Trusteo The notes on pages 8 to 16 fom) part ofthese finan¢i¥l $tstsmènts.
Melton Mowbray Baptist Church (A Charitable Incorporated Organisation) Notes to thè Financial Statements Period ended 30th September 2024 General inforniation The charity is a public benefit entity and a registered charity number 1203133 in England and Wales and is a Charitable Incorporated Organisalion. The addres5 of the principal offits is Baptist Church, Bowling Green, Melton Mowbray, LE13 OFA. Statement of compliance These financial statements have been prepared in compliance wtth FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland., the Slalemenl of Recommended Practice applicable lo charities preparing their accoun15 in accordanTr with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) Icharilies SORP IFRS 10211 and the Charities A¢t 2011. Accounting pollcles Basis of preparatlon The financial statements have been prepared on the historical cost basis. as modified by the revaluation of certain flnancial assets and liabilities measured at tsir value through income or expenditure. The financial statements are prepared in sleding, which is the functKJnal currency of the enl'ty- Going concem There are no material uncertainties about the charity's ability to conlinLte. Fund accounting Unreslricled fvnds are available for use at the discretion of the Trustees lo further any of the charity's purposes. Designated funds a unrestricted ftjnds earmarked by the Trustees for particular future project or commitment. Restricted funds are subjected lo reslriclions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of sub-classe5.' restricted income funds or endowment funds.
Melton Mowbray Baptist Church (A Charitable Incorporated Organisation) Notes to the Financial Slatements fcontinue&lJ Period ended 30th September 2024 A¢¢ounting policies (eontlnuodj In¢oming resources All incoming resource$ are included in the stslement of financial activities when enlidement has passed to the charity., il is probable that the economic benefits associated with the transaction will flow lo t*e charity and the amount can be reliably measured. The following speciflc wlicies are applied to particular categories of income.. income from donations or grants is recognised when there is evidence of enlitiement to the gift, receipt 15 probable and ils amount can be measured reliably. legacy income is recognised when receipt is probable and entillemer7t is estsblished. Resources expended Expendilure is recognlsed on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the stalement of financial activities to which il relates.. expenditure on charitable activities includes all costs incurred by a charity in undert8king activities that further its charitable aims for the benefit of ils beneficiaries, including those support costs and Gosts relating lo the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is fteher related to raising funds forthe charty nor part of its expenditure on charitable activities. All costs are allocated to eXndItUre categories reflecting the use of the resource. Direct costs attributable to a single actwity are allocated directly to that activity. Shared costs are 8PPOrtioned befven the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets The church prernises are included in the balan sheet at insured value because reliable cost information is not available and valuation would incur significant cost that would tr onerous compared with the additional beneffit gained by the user ot the accounts. The manse premises are staled at C05L Equipment in the church premises is included al cost. Depreciation Depreciation has not b@en charged on the church nor the manse property, because in the opinion of the Trustees the residual value of these assets is not less than the original cost price. Depreciation on other fixed assets is calculated so as lo write off the cost or valuation of an asset, less ils residual value, over the useful economic life of that asset a5 fDIIows.' Equipment 200A str8ight line
Melton Mowbray Baptist Church (A Charitsble Incorporatod Organisation Notes to the Financial Statements (c¢tInued) Period ended 30th September 2024 AGGounting policies (¢onfrnved) Impainnent of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estim8ted where such indicators exist. Vvhere the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible fftversal al each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generaling unil to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflow5 from other assets or groups of assets. Financial instruments A financial asset or a finan¢ral liability is recognised onty when Ihe entity becomes a paty to the contractual provisions of the inslrumenl. Basic financial instruments afft initially recognised at the amount receivable or payable including any related transaGtIOn C051s, unless the arrangement conslitules a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently Measu at the cash or other wnsideration expected to be paid or reiVed and not discounted. Defined contrlbutlon plans Contiibulions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset lo the extent that the prepayment will lead to a reduction in ftjture payments or a cash fffund. Taxatlon The church is a registered charity and is exempt from any liability lo 18xalion on its income and capital gains, Income lax recoverable on donations and is Irealed as being received in the year in which the corresponding income is received. Legal Status The charity is a Charitable Incorporated Or9anisation. In the event of a winding up the members have no liability lo contribute lo ils debts and liabililies. Judgement and key sourc8s of Estimations uncertainty Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future everils that are believed to be reasonable under the circumstances. There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment lo the carrying amounts of assets and liabililies within the next year. 10
Melton Mowbray Baptist Church (A Charitable Incorporated Organisation) Notes to the Financial Statements (Col.{4j Period ended 30th September 2024 Donation$ and lega¢ie$ Total Funds Unrestricled Total Funds Unrestricted g months to Funds 2024 Funds 30.09.2023 Donations Donations Gift Aid 148,529 28,549 148,529 28.549 90,134 23,054 90,134 23,054 177,078 177,078 113.188 113,188 Charitable activitie5 Total Funds Unrestricted Total Funds Unreslricled g months to Funds 2024 Funds 30.09.2023 Babies and Bumps Parents and Toddlers other income from charitable activities 1,454 3.869 13.695 1,454 3,869 13,695 10,745 10.745 19,018 19,018 10,745 10,745 Othor trading activitios Total Funds unStrICted Total Funds Unrestricted 9 months to Funds 2024 Funds 30.09.2023 Church hire 25,117 25.117 7,984 7,984 Investment Income Total Furbds Unreslricled Totsl Fund$ nstrICted 9 months to Funds 2024 Funds 30.09.2023 Bank interest re1vable 221 221 11
Melton Mowbray Baptist Church (A Charitable Incorporated Organisation) Notes lo the Flnanclal Statements (cortiniRd) Period ended 30th September 2024 Expenditure on charitable activities Total Funds Unrestricted Total Funds Unrestricted 9 months lo Funds 2024 Funds 30.09,2023 Minister and Stsffing Our Ministries Extemal Ministries Premises Support Costs 79,456 14.688 26.559 66,373 19,002 79,456 14,688 26,559 66,373 19,002 50,138 9,045 18,383 13,693 8,595 50,138 9.045 18,383 13,693 8.595 2C6,078 206.078 99,854 99,854 Analysis ofsupport costs Total Funds 9 months lo Total 2024 30.09.2023 General office Finance costs Governance costs 16,404 295 2,303 8.421 174 19,002 8,595 10. Analysis of grants and donations Total Funds 9 months to 2024 30.09.2023 BMS World Mission Baptist Union Home Mission Fund Appeal Evangelical Alliance Earthquake appeal Hope for Justice Teen Challenge Good News for Everyone Open Doors Storehouse Footsteps Carpenters Amis Engage Workshops Farmers Community Neiwoik Mellon Mowbray & District Money Advi Centre liffe Bible Translators 8,300 8,300 4,660 4,660 400 4,000 2,200 2,000 500 400 400 300 500 100 100 1,368 480 1,000 3,563 24,948 18,283 Total grants and donations 24,948 18,283 12
Melton Mowbray Baptist Church IA Charitable Incorporatsd Organisation) Notes to the Financial Statements IntInued) Period ended 30th September 2024 11. Net Income Net income is ststed after chargingl{crediting)'. Total Funds 9 months to 2024 30.09.2023 Depreciation of tangible fixed assets 6,630 12. Indopendent gxamlnation fèes 2024 2023 Total Funds 9 months to 30.09.2023 Fees payable to the independent examiner for.. Independent examination of Ihe financial statements g60 13. Staff costs The total staff costs and employee benefits for the repthng period are anaiysed as follows.. Total Funds 9 months to 2024 30.09.2D23 Wages and salaries Social security costs Employer contributions to pension plans Other benefits 69,916 42,249 3,986 5,833 79,735 2,756 3,201 48,206 The average head count of employees during the period was 5 {2023'. 41. No employee received employee benefits of more than £60,000 during the period12023'. None). 14. Trustee remuneration and exp8nsos One Trustee has been pald remuneratlon and received other benefits from employment with the Charity. Under the Constitution the Charity can employ, appoint and remunerate Tnjstees as is necessary ft)r the Garrying out of the work of the Charity The Trustee remunerated is Rev S M Dunn who leads the church primarily through preaching Ihe Scriptures and by equipping and leading church members lo minister lo one another and to share the Gospel of Jesus Christ. Totsl remuneration paid including pension contributions and other benefi15 amounted to £41.80312023.' £27,768) No Trustee expenses have been incurred.12023.. None) 13
Melton Mowbray Baptist Church (A Charitable Incorporated Organisation) Notes to the Financial 5tstements [conUnued) Period ended 30th September 2024 15. Tangible fixed assets Freehold property -church Manse Equipment Total Cost and or valuation At 1st October 2023 and 30th September 2024 Depreciation Al 151 October 2023 Charge for the year At 30th September 2024 Carrying amount At 30th September 2024 At 30th September 2023 1.000,000 449,995 33,150 1,483,145 6,630 6,630 6,630 6,630 1,000,000 449,995 26,520 1,476,515 33,150 1,483.145 1,000,000 449,995 16. Dobtors 2024 2023 Trade debtors Prepayments and accrued income other debtor5 954 2,134 6.137 9,225 17. Creditors: amounts falling due within one year 2024 2023 Bank loans and overdrafts Trade creditors Accruals and deferred income Social security and other taxes 5,1)JO 2,311 5,000 2,973 2,725 11,266 7,725 18. Cr•dltors: amounts falling due after more than one year 2024 2023 Loan 63,750 68,750 Included within creditors." 2rnounls falling due after more than one year is an amount of £43,750 12023.. £48,750) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date. The total loans in note 17 and 18 amounting to £68,76012023.' £73.7501 is unsecured and inter8St free. 14
Melton Mowbray Baptist Church (A Charitable Incorporated Organisation) Notes to the Financial Statements (¢ontinu8d) Period ended 30th September 2024 19. Pensions and other post-rgtirement bengrts Defined contribution plans The amount regnised in income or expendilure as an expense in latiOn to defined contribution plans was £3.986 (2023.. £2,756). 20. Anatysis of charitablg funds Unrestrl¢ted lunds At Income Expenditure 30.09.2024 At01.10.23 General funds 1,466.450 221.434 1206,0781 1,481,806 At01.01.23 Income Expenditure At 30.9.2023 G8neral funds 1,434,387 131,917 199.8541 1.466,450 21. Analysis of net assets between funds Unrestricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Creditors greater than 1 year 1,476,515 80,307 {11,2661 {63,7501 1,476,515 80,307 111,2661 {63,7501 Ngt assets 1,481.806 1,481,806 Unrestricted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Creditors greater than 1 year 1,483,145 59,780 (7,7251 168.7501 1,483,14S 59,780 17,7251 {68.7501 Net assets 1.466,450 1,466,450 15
Melton Mowbray Baptist Church (A Charitable Incorporated Organisation) Notes to the Financial Statements (conthu Period ended 30th Septsmber 2024 22. Related parties The CLSStodian Trustee of the Charity is the Baptist Union Corporation Limited a registered charity number 249635 Company Number 00032743 registered in England and Wales. The Church is also a member ofThe Baptist Union ofGreal Britain and ofthe East Midlands Baptist Association. The Church makes voluntary contributions to Baptist Union of Great Britain Home Mission Appeal. This amDunted to £8,300. The total amount of donatlons ceiVed without conditions from Trustees amounted to £19,967. 23. Meryer Mellon Mowbray Baptist Church an unincorporated unregistered charity merged with Melton MDwbray Baptist Church a Charitable Incorporated Organisation ICIOI on 1st October 2023. The comparative figures for 2023 solely relate to Mellon Mowbray Baptist Church and the 2024 figures solely relate lo the Melton Mowbray Baptist Church CIO. The net assets at the dale of the merger were £1,466,450, All funds are unrestricted.