THE BAPTIST HOUSING TRUST
TRUSTEES? AIYNUAL REPORT
AIW FU¥ANCIAL STATEMEIYTS
31ST MARCH 2025
CHARITY NUMBER 1031620

THE BAPTIST HOUSING TRUST
Year ended 31" March 2025
CONTENTS
Trustees, annual report
Independent examiner's report
Statement of financial activities
Balance sheet
Notes to the financial statements

THE BAvfisT HOUSING TRUST
Trustees, annual report
for the year ended 31" Mareh 2025
Reference and administrative details
Charity name
The Baptist Housing Trust
Registered Charity number
IOJ1620
Principal address
60 Strathmore Avenu<
Hitchin,
Herts
SG5 1ST
Managing Trustees
Miss Jean Harrison
Revd. Paul Martin
Revd. Michael Thornton (Chair)
Revd. Roger WoodwaTd {Vice-Chair)
Revd. Giaham Clarke
(re-appointed February 2024)
(re-appointed October 2022)
(re-appointed October 2022 and appointed Chair January 202))
(re-appointed October 2022)
(Appointed January 2023)
Honorary Secretary
Revd. Stephen Copson
60 Strathmore Avenue,
Hitchin,
Herts
SG5 1ST
(appointed I, May 202J)
Bankers
CAF Bank Limited
25 Kings Hill Avenue
Kings Hill
West Malling
Kent ME19 4JQ

THE BAFTIST HOUSING TRUST
Trustees, annual report- continued
for the year ended 31" March 2025
Independent Examiner
Clouders (Audit & Accounts) Limited
Chartered Certified Accountanls,
Charter House,
IOi-105 Letgh Road,
Leigh-on-se
Essex. SS9 IJL.
Investment Advisers
Cazenove Capital Management
l London Wall Place
London EC2Y SAU
Structure* governance and management
Constitution
The charity is an unincorporated trust. constituted under a Trust Deed dated 6 January 1994 as amended by a
Supplemental Trust Deed dated 6 February 2018.
Trustee selection
The power to appoint Trustees vests in the existing Trustees. Trustees serve for a maxtmum period of three years,
but are eligible for re-appointment. The Trust Deed provides for a minimum of three, and a maximum of five
Trustees.
The day-to-day responsibility for the manag¢m¢nt of the Charity is delegated to the Honorary Secretary.
Risk management
The Trustees have examined the major strategic, business and operational risks which the Trust faces and confinn
that sysl¢ms have been established to minitnise them. In OctobeT 2024, th¢ trustees considered th¢ aiinual revi¢w of
risks was content at the regular measures set down.
Objectives and activities
Tlie objects of the Trust are the provision of grants for amenities to improve the quality of life for elderly people or
otlier persons in necessitous circumstaiices irrespective of race creed or colour but without prejudice to tlie generality
of the foregoing those living in residential accoinmodation provided by the Riverside Care and Support Group
Divisional Board of the Riverside Group Limited or for retired Baptist ministers or missionaries and their widows or
widowers living in residential accommodation provided by a charitable organisation connected with the Baptist
Union of Great Britain or with BMS World Mission.

THE BAPTIST HOUSING TRUST
Trustees, annual report- continued
for the year ended 31" March 2025
Grant making policy
The Trustees meet periodically to receive and consider applications for grants and to decide whether grants should
be offered.
For Riverside applications, grants are valid for one year from the date on which they are offered although, in
exceptional circumstances. an extension of time may be granted by the Trustees. In considering applications. the
Trustees have adhered to a Grant Policies document, dated 14th October 2019. The Trust¢¢s have emphasised that
they prefeT to receive applications which demonstrate that the residents themselv¢s are making efforts to raise at least
a part of the cost of the scheme for whicli the grant is being requested. Where this has not been done the amount of
grant approved may be reduced.
For RBMHO applications, the charity submits an application with supporting paperwork for work done or pending.
Trustees
The Trustees have continued to meet, &s usual, three times a year to consider granl applications. Two of the rneetings
were held online and the other Ineeting was held in person in October 2024 at the London offtces of their Investment
Advisers, Cazenov¢ Capital Management.
Achievements and performance
Riverside/ECHG have submitted a regular stream of applications for grants and during the year a total of fourteen
applications received from them were approved. After discussions in June 2024 with RBHMO to identify the best
way to encourage applications, these began to arrive from Autuinn 2024.
During the financial year 202412025 the Trustees have approved fourteen grants to Riverside totalling £8,017 (twenty
four grants totalling £14,218 in 202i12024), and four grants to RBHMO totalling £1 0,790. They have made fourteen
grant payments totalling £16,644 (£14,196 paid in 202J12024). On 31 st March 2025, nine grants approved by the
Trustees during the financial year 202412025 reinained unpaid amounting to £4,617 (£10.896 unpaid dt the end of
202312024).
The Trust has maintained a bank account with CAF Bank Limited. The Account is operated online with payments
being made through the CAF'S QuickPay facilities. The Trust has also maintained a Three-month Deposit Account
with the Baptist Union Corporation eaming interest at the end of the year at J.25 % per annum, a Teduction from 4.5D/
at the end of 202J124.
The Trust continues to receive investment advice from Cazenove Capital Management. The usual annual meeting to
assess perfomiance was held with their representativ¢ in October. The income produced from these Funds during
202412025 was £i1.208 (£J 1.106 in 202J12024). The value of the funds has fluctuated during the year in line with
customary variations in global markets. On J I st March 2025, the total value of Responsible Multi-Asset Funds lield
by Cazenove on behalf of the TTUSt was £1,04J,912 compared with a value of £1,049.559 as at 31st March 2024.

THE BAPTIST HOUSING TRUST
Trustees, annual report- continued
for the year ended 31" March 2025
Secretary's Honorarium
The Trustees had agreed to pay an honorarium of £3,200 per annutn to the Secretary.
Reserves Policy
The Trust's policy is to maintain cash balances at a level equal to at least six months unrestricted expenditure. This
provides enough funds to cover administration costs and to respond to emergency applications.
During the year, the Trustees considered that the designated Investment Protection Reserve of £1 00,000 should be
undesignated.
Investment Policy
Trust money may be invested or laid out in the purchase of, or at interest upon, the security of such stocks. funds,
shares. securities or other investments at the Trustees think fit. Income from such investments should b¢ used in the
grant-making activities at the Trustees, discretion.
The value of investments on 31 March 2025 exceeds the total of the Capital and Legacies Funds without the need to
draw on the Investment Protection Reserve.
Risk policy
In October 2024, the trustees considered the annual review of risks were content at the regulaT measures set down to
identify, minimise and mitigate such risks were appropriate.
Statement of Trustees, responsibilities
Law applicable to Charities in ET]gland and Wales requires the Trustees to prepare financial statements for each
financial year which give a true and fair view of the Trust's financial activities during the year and of its financial
P051tion at the year end. In preparing those financial stateinents, th¢ Trustees are required to follow best practice
and:
select suitable accounting policies and th¢n apply them consistently.
make judgements and estiinates that are reasonable and prudent"
state whether applicable accounting standards and statement5 of recommended practice have been followed,
subject to any departures disclosed and explained in the financial statements. and
prepare the financial statem¢nts on the going concern basis unless it is inappropriate to assume that the charity
will continu¢ in operation.
The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial
P051tion of the Cliarity and which enables them to ensure that the financial statements comply witli tlie Charities Act
201 I, 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.

THE BAVTIST HOUSING TRUST
Trustees, annual report- continued
for the year ended 31, March 2025
The Triistees declare that they have approved the TTUStees' report above.
Signed on behalf of the Charity's Trustees:
(Trustee)
(Trustee)
Dated

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE BAwfisT HOUSING TRUST
Independent examiner's report to the trustees of The Baptist Housing Trust ('the Company,)
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31, March
2025.
Respective responsibilities of trustees and examiner
As the charity's trustees of th¢ Company (and also its directors for the purposes olcompany law) you are responsible
for the preparation of the account in accordanc¢ with the Tequirements of the Companies Act 2006 {'the 2006 Act,).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006
Act and are eligible for independent exatnination, I report in respect of my examination of your charity's account as
carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have
followed the Direction5 given by the Charities Commissioii under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my exatninatton. I confimi that no matt¢rs have come to my attention in connection with the
examination giving me caus¢ to believ¢:
l. Accounting records were not kept in respect of the Cornpany as requiT¢d by section J86 of the 2006 Act. or
2. The accounts do not accord with those records. or
The accounts do not comply with the accounting requirements of section J96 of the 2006 Act other than any
requirement that the account give a true and fatr view which is not a matter considered as part of an
indepeiident exainination. or
4. The accounts have not been prepared in accordance with the methods and principl¢s of the Statement of
R¢commended Practice foi accounting and reporting by charities (applicable to charities prepai'ing their
account in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS102)).
I have no concerns and have come across no other matters in connection with the examination to which attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
S Bailey F.C.C.A.
13119/
for and on behalf of
Clouders (Audit & Accounts) Limited
Chartered Certified Accountants
Charter House,
l OJ-105 Leigh Road,
Leigh-on-se
Essex. SS9 IJL.

THE BAvfJsT HOUSING TRUST
Statement of Financial Activities
for the year ended 31" March 2025
restrieted Restricted
Total
Total
Notes
Funds
income funds 2025
2024
Incoming resources
Incoming resources from generated funds
Investment income
3b
32248
32,248
32,152
Total incoming resources
32248
32,248
32,152
Resources expended
Stockbroker fees
3200
3,200
2,997
Charitabl¢ activities
4b
1fj644
16,644
Governance costs
4W4
4,894
4,564
Total resources expended
24,738
24,738
Net incoming (outgoing) resources
before other recognised gain￿lO$SeS
Gross transfers between funds
7,510
7,510
10.809
Net incoming (outgoing) resources
before other recognised gains (losses)
Other recognised gains (losses)
Gains and losses on investment a55ets
7510
7,510
10,809
(1.107)
(1,107)
52,712
Net movement in funds
Total funds brought forward
6,403
1,119,635
6,403
6),521
1.119,635 1,056,114
Total funds carried fonyard
1.126,038
1,126.038 1,119,635
The notes on pages 9 to 16 fomi part of these financial statement5

THE BAYfisT HOUSING TRUST
Balance Sheet
5t
As at 31 March 2025
Unrestricted Restricted Total
Total
Notes
Funds
income funds 2025
2024
Fixed assets
Investments
1,043,912
1,043,912
1,049,559
Total fixed assets
1,043,912
1,043,912
1,049,559
Current assets
Debtors
Cash at bank and in hand
592
83,026
83,026
Total current assets
83,026
83,026
70,934
Creditors- amounts falling du¢ within one year
(900)
(900)
(858)
Net current assets
82.126
82,126
70,076
Total assets less current liabilities
1,126,038
1,126,038
1,119,6J5
Funds of the charity
Unrestricted funds
Restricted income funds
1,126,038
1,126,038
1,119.6J5
io
Total funds
1,126,038
1.126,038
1,119,6J5
(Tiustee)
(Trustee)
Dated
The notes on pages 9 to 16 form part of these financial statements

THE BAPTIST HOUSING TRUST
Notes to the financial statements
for the year ended 31" March 2025
Basis of preparation
Basis of accounling
The financial statements have been prepared under the historical cost convention, with the ¢xception ol investments
which are included at market value. The financial statements have been prepared in accordance with Accounting
and Reporting by Charities - Statement of Recommended Practice applicable to Charities preparing their accounts in
accordance with the financial reportiiig Standard applicable in the UK and Republic of Irelaiid {FRS102) (effective
l January 2015).
2. Accounting policies
Funds slruclure
Restricted incon7efiinds
These are funds which must be used in accordance with specific restrictions imposed by the donor or Trust Deed.
Unreslricledfynds
Unrestricted funds comprise those funds which th¢ Trustees are free to use for any purpose in furtherance of th¢
charity's objects. They include designated funds which the Trustees, at their discretion. have created for a
specific PUTPOSe.
Incoming resources
Recognilion of incoming resources
These are included in the Statement of Financial Activities when the charity becomes entitled to the resources,
the Trustees are virtual ly certain they will receive the resources and the monetary value can be ineasured with
sufficient reliability.
Grants and donation
Grants and donations are only included in the Stat¢ment of Financial Activities when the charity h&g
unconditional entitlement to the resources.
Invgslment illCOTP7e
This is included in the Statement of Financial Activities when receivable.
Inveslmenl gains and10sse3
These include any gain or loss on the sale of investments, and any gain or loss resulting from revaluing
investments to market value at the end of the year.

THE BAYfisT HOUSING TRUST
Notes to the financial statements- continued
for the year ended 31. March 2025
2. Accounting policies- continued
Expendilure
Governance costs
These include the costs of preparation and examination of statutory financÉal statements, Trustee meetings and
any legal advice to Trustees on governance or constitutional Inatters.
Gi'anls payable wiihoutpttrforniL7nce condilions
These are only recognised in the financial statements when a commitment h&8 been made and there are no
conditions to be met relating to the grant which remain in the control of the charity.
Assels
Inveslmen(s
Investments quoted on a recognised stock exchange are valued at market value at the year end.
Liabililies
Liability recognition
Liabilities are i'ecognised as soon as there is a legal or constructive obligation coinmitting the charity to pay out
resources.
Contingent liabilities
In accordance with the SORP, a contingent liability is disclosed in respect of grants which, although authorised
by ihe end of the Cliarity's financial year, did not represent liabilities, becaLise the obligatioii can only be
confirmed by the acceptance of those grants by the applicants, which is an uncertain event not wholly witliin the
Trustee5' control.
10

THE BAvfisT HOUSING TRUST
Notes to the financial statements- eontinued
for the year ended 31" March 2025
3. Ineoming resources
a) Voluntary income
2025
2024
Legacies
b) Investment income
2025
2024
Unrestricted Restricted
Total
Totsl
Dividends- UK equities
Interest - UK fixed interest s¢curities
Interest on cash deposits
Cazenove interest
Cazenove dividends
41
41
20
999
999
1,025
31,208
31,208
32,248
32,248
32,152

THE BAvfisT HOUSING TRUST
Notes to the financial statements- continued
for the year ended 31" Mareh 2025
4. Analysis of resources expended
a) Investment management costs
2025
2024
Stockbrokers, fees
3,200
2,997
b) Charitable activities
Grants payable
2025
2024
Unrestricted
Restrieted Total
Total
Coventina House- TV & BraLket
Barclay Couri- Garden benches
Poulion Court- Garden lurnitLtre,
greenhouse & TV
Cathedral Court- Gardcn furniturr
Derwent Road West- Garden furniture
Hargreaveb Court- Garden furniture
Windsor Court- Entertainment equipment
Woodlands view- Garden furniture
Nonvood Court- Garden furniture
Acorn FLou5e- Garden furniture
PE3 9XE- Bathroom mobility upgradc
LI 0 2L.D - Bathroom mobility iipgradL
BH6 5PR- Mobility upgrade5
B1417 7Yr - Mobility upgrades
Waterstone Place
Ashton Court
376
190
801
357
459
607
866
371
237
900
2,130
4,660
2,000
2,000
591
99
16,644
13.782
12

THE BAPTIST HOUSING TRUST
Notes to the fjnaneial statements - continued
for the year ended 31, March 2025
Analysis of resources expended continued
c) Governance costs
2025
2024
Secretary's honorarium
Travel expenses
Printing, postage, stationery & telephone
Insurance
Trustee meetings expenses
Bank Charges
Legal fees
Accountancy fees
3,200
389
60
285
184
100
262
60
60
900
858
£4,894
£4.564
Ainounts included within governance costs:
Trustee expenses
Truste¢ travel costs incurred in attending Trustee meetings are reimbursed by the Charity. During the year
ended 31. March, 2025, five Trustees were reimbursed an aggregate amount of £389 (2024: three trustees
wer¢ reimbursed £184).
Accounlancyfees
2025
2024
Independent examiner's fee5 for reporting on the accounts
Other fees
900
858
£900
£858
13

THE BAvfisT HOUSING TRUST
Notes to the financial statements- eontinued
for the year ended 31" Mareh 2025
5. Gains 2nd losses on investment assets
2025
2024
Gainl(Loss) on revaluation of quoted securities
(1,107)
52.712
(£1,107)
£52,712
6. Investment assets
a) Fixed asset investments
Mark¢t value at beginning of year
Less: net loss on revaluation on investments with Cazenove
Add.. increase in UK equities
1,049.559
(6,515)
868
Market value at end of year
£1,043,912
14

THE BAPTIST HOUSING TRUST
Notes to the financial statements- continued
for the year ended 31, March 2025
Investment Assets continued
b) Analysis of investments and related income
Market
Value
)1.0).25
Income
Year ended
31.03.25
UK equities
UK fixed iTJterest securities
Investments through Cazenove
2,273
41
1,041,639
31,208
1,043,912
Interest on cash deposits
999
Total investment incoine
32,248
7. Debtors
2025
2024
Amounts falling due within one year:
Prepayments and accrued income
1,512
592
15

THE BAYfisT HOUSING TRUST
Notes to the financial statements- continued
for the year ended 31, March 2025
8. Creditors
2025
2024
Amounts falling due within one year:
AccTuals and defe￿ed income
900
858
9. Unrestricted funds
a) Movements on unrestricted funds
Investment Revaluation
rotection
reserve
Total
acies
General
As at I" April, 2024
Incoining resources
Outgoing resources
Transfers
Gains and losses
,119,635
640,992
ioo,000
14,058
100.000
i64,585
l J2,248
(12J,226)
(23,226)
{ i 00,000)
(1,107)
(1,107)
As at 31" March, 2025 1,127,550
740,992
14,058
372,500
b) Designated funds
Capital
This fund represents the unrestricted amount received from English Churches Housing Group Limited, which
was forined from the merger of the Charitable Fund of the Baptist Housing Association and the Church Housing
Association on 2. July 1991. The Trustees have deterinin¢d that the fund be treated as non-distributable.
Legacies
The Trustees have determined that the legacies fund be treated as non-distributable.
Invesltpientprolection
Unrestricted funds are periodically allocated to the investment protection fund, in order to cover potential losses
on the realisation of fixed asset investments and. hence. to retain funding for further investment. in order to
maintain the Charity's income stream.
16

THE BAvfisT HOUSING TRUST
Notes to the financial statements - continued
for the year ended 31, March 2025
10. Restricted income funds
None
I l. Contingent liabilities
As at 31, March 2025, the Trustees had authorised grants totalling £4,617 (2024.- £10,896). which had not been
claimed by the applicants.
17