THE BAPTIST MISSIONARY SOCIETY
Financial health, per its FY2023 accounts
The accounts state that free reserves were £4.4m, which is slightly below the stated policy target range of £4.5m to £5m. The charity reports a net decrease in total reserves of £825k for the year, driven by a net expenditure on charitable activities and actuarial losses on its defined benefit pension scheme. Despite this, the trustees conclude that the charity has adequate resources to continue as a going concern for at least twelve months from the date of approval.
What the accounts disclose
“Trustees consider that, given the nature of our work and responsibility to partners that extends beyond a year, this should equate to a range of between £4.5m to £5m.”
“Dr Tan’s emoluments as General Director were £76,079 (2022: £73,154). Dr Tan was also reimbursed for all necessary expenses incurred in carrying out his duties as an employee of the charity, a total of £9,233 (2022: £7,199). Dr Tan is a member of the charity’s pension scheme and contributions totalling £6,676 (2022: £6,676) were paid by the charity during the year.” — page 64
“During the year a total of £1,499 (2022: £4,234) was reimbursed to 6 Trustee Directors (2022: 12) in respect of committee expenses.” — page 64
“Dr Tan’s emoluments as General Director were £76,079 (2022: £73,154). Dr Tan was also reimbursed for all necessary expenses incurred in carrying out his duties as an employee of the charity, a total of £9,233 (2022: £7,199). Dr Tan is a member of the charity’s pension scheme and contributions totalling £6,676 (2022: £6,676) were paid by the charity during the year.” — page 64
“During the year a total of £1,499 (2022: £4,234) was reimbursed to 6 Trustee Directors (2022: 12) in respect of committee expenses.” — page 64
“Dr Tan’s emoluments as General Director were £76,079 (2022: £73,154). Dr Tan was also reimbursed for all necessary expenses incurred in carrying out his duties as an employee of the charity, a total of £9,233 (2022: £7,199). Dr Tan is a member of the charity’s pension scheme and contributions totalling £6,676 (2022: £6,676) were paid by the charity during the year.” — page 64
“During the year a total of £1,499 (2022: £4,234) was reimbursed to 6 Trustee Directors (2022: 12) in respect of committee expenses.” — page 64
“The funding position at 31 December 2023 based on technical provisions was a deficit of £200k (2022 deficit of £2.2m).”
“BMS World Mission owns 50% of the issued ordinary share capital of Baptist House Limited, a company registered in England, with the remaining 50% owned by the Baptist Union of Great Britain. The Trustees believe that the company qualifies as a joint venture for accounting purposes.” — page 60
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (27/10/2022)
- Received assets from another charity (17/01/2022)
Trustees
- Aidan James Melville
- Dr Anthony Agbonasevbaefe
- Dr Kang-San Tan
- Dr Matthew James Norris-Silva
- Lynn Cadman
- Peter David Grant
- Rachel Lois Swaby
- Remilekun Adeola Kehinde-Taiwo
- Rev DAVID MARC OWEN
- Rev Ronas Moahloleng Marule
- Richard John Harrison Gray
- Ruth Elizabeth Elliot
- Sarah Bridget King
- Tejdor Singh Tiewsoh
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £8.3m | £7.7m |
| 31/12/2023 | £7.1m | £7.7m |
| 31/12/2022 | £8.2m | £8.3m |
| 31/12/2021 | £9.1m | £7.6m |
| 31/12/2020 | £8.5m | £8.3m |
Common questions
Is THE BAPTIST MISSIONARY SOCIETY financially healthy?
The accounts state that free reserves were £4.4m, which is slightly below the stated policy target range of £4.5m to £5m. The charity reports a net decrease in total reserves of £825k for the year, driven by a net expenditure on charitable activities and actuarial losses on its defined benefit pension scheme. Despite this, the trustees conclude that the charity has adequate resources to continue as a going concern for at least twelve months from the date of approval. Its FY2023 accounts were audited by Sayer Vincent LLP.
Who funds THE BAPTIST MISSIONARY SOCIETY?
Funders whose own accounts filings name THE BAPTIST MISSIONARY SOCIETY as a grant recipient include WALDERSLADE BAPTIST CHURCH, BARROW BAPTIST CHURCH, WINCHMORE HILL BAPTIST CHURCH, THE BAPTIST UNION OF GREAT BRITAIN, FINCHAMPSTEAD BAPTIST CHURCH.
Known funders
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| LIFE CHURCH (CENTRAL ENGLAND) | 1 | £42k |
| CITY CHURCH ( CAMBRIDGE ) | 1 | £37k |
| KINGSGATE CHURCH TRUST | 1 | £30k |
| AYLSHAM COMMUNITY CHURCH | 1 | £24k |