Company Reglstratlon number- 04319194 (England and Wales)
Charity Règistration number.. 1090606
CENTRAL BAPTIST ASSOCIATION
REPORT OF THE TRUSTEES AND AUDITED FINANCIAL STATEMENTS
FOR THEYEAR ENDED 31 DECEMBER 2025
MHA
The Pinnacle
150 Midsummer Boulevard
Milton Keynes
8uckinghamshire
MK9 ILZ

CENTRAL BAPTIST ASSOCIATION
CONTENTS
PaBe
Legal and Administrative Information
Trustees, Report Ilncluding Directors, Report)
Auditor's Report
Statement of Financial Activities- Current Financial Year
io
Statement of Financial Activities- Prior Financial Year
li
Statement of Financial Position
12
Statement of Cash Flows
13
Notes to the Finèneial Statements
14-24
The following pages do not form part of the statutory financial statements..
Detailed Statement of Financial Activities
25-26

CENTRAL BAPTIST ASSOCIATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Reverend M C Hider
Moderator of the Trustees
Reverend L K Kerry
Reverend T S Edworthv
Mr R D Farrant
Regional Ministry Team Leader
Reverend D G Graham
Resigned I july 2025
Mrs B Griffiths
Reverend T L Haines
Mr F W Johnston
Mr5 S M O'shea
Mrs H A Taylor
MrP E Wa115
Resigned 26 March 2026
Reverend A M Wood
Company Secretary
Reverend A J Open5haw
Regional Ministry Tèam
Reverend L K Kerry
Reverend M Moody
Reverend A J Open5haw
Reverend N P Toseland
Regional Ministry Team Leader
Regional Minister
Regional Minister
Regional Minister
Charity number
1090606
Company number
4319194
Registered Office
The Pinnacle
150 Midsummer Boulevard
Milton Keyne5
Buckinghamshire
MK9 ILZ
Auditor
MHA
The Pinnacle
150 Midsummer Boulevard
Milton Keynes
Buckinghamshire
MK9 ILZ
Page 2

CENTRAL BAPTIST ASSOCIATION
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI
FOR THE YEAR ENDED 31 DECEMBER 2025
The trustees, who are also directors of the charity for the purposes of the Companies Act 2￿6, present their Annual Report and
Financial Statements of the charitable company for the year ended 31 December 2025.
The Financial Statements are prepared in accordance with the provisions of Accounting and Reporting by Charitie5.' Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standard "The
Financial Reporting Standard applicable in the UK and Republic of Ireland IFR51021 (effective l January 20191"
FINANCIAL REVIEW
During the year the overall funds of the Association decreased by £95,69912024.' increased by £308,4441. This includes net proceeds
from the sale of a redundant member ehurch property amounting to £141,76312024.. £434,937) and a gift from another member
church on the point of closing amounting to £92,00012024.. £nill. Without this property sale and gift the A550ciation'5 funds would
have decreased over the year by £329,46212024.. £126,493).
Including the gift of £92,000 referred to above. donations and legacies amounting to £378,11612024.. £240.6831 were received during
the year.
Expenditure on member church support by way of HM Funding, grants and donations was £147,424 higher than in 2024, at £304,091
12024.. £156,6671.
At the end of the year, unrestricted reserves totalled £3,093,90112024.. £3,197,9351,' restricted reserves totalled £296,22212024'.
£287,887),. and endowment reserves totalled £105,31512024.. £105,315).
The Investment value gained £47.20512024.. £40,212) during the year. The trustees consider this to be in line with objectives and
expectations.
The trustees decided during the year to Sell the investment property, as it was no longer suitable for it5 intended purpose. The sale
was not completed by the end of the year, but the carrying value ha5 been reduced from £389,000 at the start of the year to the
antlClP3ted sale value of £321,000.
Reserves Policy and Risk Management
Projections indicate that, excluding receipts of proceeds from sales of redundant member church property, which it is not possible to
forecast. the Association will be running at an annual deficit of the order of £250,000 for the foreseeable future.
Under these circum5tance5 the trustees feel it is prudent to retain significant levels of reserves.
The trustees have considered the risks to which the charity is exposed given the anticipated operating annual deficit above and
consider that the charity has sufficient reserves to mitigate these risks. The Association continues to aim to generate funds at a
similar level to previous years, whilst acknowledging that receipts of proceeds from sales of redundant member church property are
unpredictable. The Trustees will monitor the level of income as it arises in future years and respond appropriatelv.
Investment pollcy and oble¢tlves
The Association has adopted an investment policy designed to maximise ènnual capital growth whilst allowing relatively flexible
acce55 to funds. using stable and low risk institution5. Irive5tment5 are held with CAF Bank, with the 8apt15t Union Corporation, and
with a national investment house. All fund5 are administered under ethical inve5trnent policie5.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governin8 document
The Central Baptist Association I"The As50ciation"l is a company limited by guarantee which was incorporated on 8 November 2001.
Its activities are governed by its Memorandum and Articles of Association amended and adopted in June 2012.
Page 3

CENTRAL BAPTIST ASSOCIATION
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI ICONTINUEOI
FOR THE YEAR ENDED 31 DECEMBER 2025
Introduction and legal status
The Association 15 part of the family of Bapt15t organisations serving the needs of Bapt15t churches in Great Britain. The Association's
particular focus is on churches in Bedfordshire, Buckinghamshire, Hertfordshire, and Northamptonshire.
The Association was registered as a charity in the United Kingdom on 14 February 2002 with charity number 1090606. The
Association is affiliated to the Baptist Union of Great Britain.
Objectives of the Association
The objects of the Central Baptist Association ICBAI are the adv3ncement of the Christian religion especially by the mean5 of and in
accordance with the principles of the Baptist denomination as set out for the time being in the Declaration of Principle of the Baptist
Union of Great Britain.
On 31 December 2025 the Central Baptist Association comprised 14312024.. 1431 member churches and LEPS, with 8,474 12024..
8,0481 members served by 10112024.. 981 ministers, lay pastors. ministers-in-training and youth ministers.
The trustees I"The Council") comprise representatives elected from churches in membership with the Association together with the
regional minister team leader. in èecordance with the Memorandum and Articles of Association.
The Association 15 Staffed by the regional ministry team, comprising Revd Lisa Kerry ITearn Leaderl, Revd Andrew Opensh3W
(Company Secretary), Revd Mary Moody and Revd Nathan Toseland, with part time administrative and secretarial support. They are
assisted by a part time Safeguarding Officer as well as other non-remunerated staff.
Operations
The Council Ithe board of trustees) met throughout the year.
The current trustees will continue to serve until their terms of office expire in accordance with the Memorandum and Articles of
Association.
At its meetings, the Council received reports from the regional ministry team and in so doing monitored the work of the Association
and the staffs contribution to the fulfilment of the objectives of the Association.
Financial statements were presented at each meeting, approving income and expenditure statements and proposals for payments
from btsth the unrestricted and restricted funds.
Report5 and recommendation5 from a group of elected individuals were di5CU5sed and, where appropriate, grants and loan5 to
ember churches and individuals were agreed, having due regard to the conditions pertaining to particular restricted funds.
The Council continued to implement and review the Association's strategy'walking together in Ministry and Mission, in order to
effectively fulfil the objects of the Association and review progress made towards achieving the targets agreed.
Major risks have been reviewed and systems or procedures have been established to manage those risks.
Restriction of operations
The Associètion is operated exclusively for its charitable purposes and does not operate for the purpose of carrying on a trade or
business for profit.
The Association's assets may be utilised only in pursuance of it5 objective5. Neither the trustees nor any other organisation or private
individual receive any dividend or any other distribution from the assets or earnings of the Association. No person receives anv
payment or benefit from the Association in respect of expenditure incurred in relation to matters falling outside its objectives.
Page 4

CENTRAL BAPTIST ASSOCIATION
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI ICONTINUEOI
FOR THE YEAR ENDED 31 DECEMBER 2025
Trustee Retruitment. Induction and Tralning
The director5 of the company are also charity trustees for the purpose5 of charity law and are known as members of the Board of
Trustees. Under the requirements of the Memorandum and Articles of Association the members of the Board of Trustees are elected
to serve for a period of three years after which they must be re-elected at the next Annual General Meeting.
Aside from the regional ministers all except two members of the Board of Trustees give their time voluritarily and receive no benefits
from the charity. Two trustees each received £500 during the year. Any expenses incurred on behalf of the charity are set out in
note 7.
New trustees are sought on the basi5 of their ability to add value to the As50Cl8tion and to maintain a balanced governing bodv.
Once 3ppointed, training is given to ensure a full understanding of the work of the charity is obtained.
Public Benefit
The trustees, having due regard tsf guidance published by the Charity Commission on public benefit. continue to provide public
benefit by seeking to advance the Christian religion and practice according to the principles of the Bapt15t denomination.
Resourcing
Churches in membership of the Association donate funds for the benefit of Home Mission activities throughout Great Britain. In
common with all the regional associations, the Association channels these donations (amounting to £272,582 12024: £279,810], of
which £3,23812024.. £16,383> was payable at the year endl, through to the Baptist Union, from where they are distributed back to
the various associations according to an agreed formula. The funds thus received by the Association are used to support the
Association's member churches. In part this is by way of the regional ministers, who provide advice and support to member churches
and their ministers.
As a member of the Baptist Union, the Association's policies are designed to be commensurate with those of the Baptist Union.
Nationally recommended remuneration is adopted for the Associations. regional ministers.
The Association continues to seek ways to use its funds to support member churches. In particular..
Several member churches are supported by regular monthly grants towards their on-going running costs. This support
amounted to some £188,000 in the year12024.. £124,000),. and
Grants were made to è number of member churches. totalling £115,00012f124.. £32,000). towards a variety of different projects.
The Association forecasts that the ongoing costs of its ministry plus the financial support provided to member churches will exceed its
incoming resources lapart from any arising from the sale of redundant member churches, which cannot be predicted) for the
foreseeable future.
Advancement of the Christian Religion
The Association. through its staff team, ha5 continued it5 role in assisting local churche5 in their understanding of and involvement in
the advancement of the Christian religion and its application to the benefit of their local communities and the wider world. Thi5 has
involved the encouragement and promotion of local partnerships with the Baptist Union of Great Britain, BMS World Mission and
other agencies; the provision to churches of assistance in management matters, fundraising and grant application5,' the
development of local supportive networks and ecumenical relationships,. as well as preaching and teaching by staff members in a
variety of churches.
The Association continues to be actively represented and involved in both denominational and ecumenical committees and bodies.
Page S

CENTRAL BAPTIST ASSOCIATION
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI ICONTINUEOI
FOR THE YEAR ENDED 31 DECEMBER 2025
Education and Training
The Association held its Annual General Meeting and Assembly in June 2025.
Other training events included seminars for those responsible for the safeguarding of children and vulnerable adults in local churches.
Our regulzr progrzmme of annual conference5 for mini5ter5 continued.
The Association has contiNued in partnership with Regent's Park College Oxford.
Ongoing sUPPOrt is provided by the regional ministry team for ministers that are newly accredited by the Baptist Union of Great
Britain and recommendations are made by the Association's Ministerial Recognition Committee to the Baptist Union of those seeking
to be trained as Baptist ministers or youth specialists.
Statement of Trustees, Responsibilities
The trustees (who are also the directors of Central Baptist Association for the purposes of company lawl are responsible for preparing
the Trustees. Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards
(United Kingdom Generally Accepted Accounting Practicel including Financial Reporting Standard 102 "The Financial Reporting
Standard applicable in the UK and Republic of Ireland"
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state
of affair5 of the charitable company and of the incoming resources and application of resource5. including the income and
experiditure, of the charitable company for that period. In preparing those financial Statements. the trustees are required to..
select suitable accounting policies and then apply them consistentlv,.
observe the methods and principles in the Charity SORP 2019 IFRS 1021,.
make judgements and estimates that are reasonable and prudent,.
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and
explained in the financial statements,.
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable companv
will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial
position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Att 2006.
They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
In so far as the trustees are aware..
there is no relevant audit information of which the charitable company's auditors are unaware,. and
the trustees have taken all steps that they ought to have taken t() make themselves aware of any relevant audit information and
to establish that the auditor5 are aware of that information.
Approved by the 8oard of Trustees on 25 June 2026 and signed on its behalf by..
R D Farrant BSC AKC FCA- Trustee
25 June 2026
Page 6

CENTRAL BAPTIST ASSOCIATION
AUDITOR'S REPORT
TO THE TRUSTEES OF CENTRAL BAPTIST ASSOCIATION
Opinion
We have audited the financial statements of Central Baptist Association Ithe 'Charitable Company'l for the year ended 31 December
2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes,
including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is
applicable law and United Kingdom Accounting Standard5, including Financial Reporting Standard 102'The Financi31 Reporting
Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements..
give a true and fair view of the State of the charitable company's affairs as at 31 December 2025 and of its incoming resources
and application of resources, including its income and expenditure, for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our
responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements
section of our report. We are independent of the Charitable Company in accordance with the ethical requirements that are relevant
to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we
have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the
preparation of the financial statements is appropriate.
Based on the work we have perfortmed, we have not identified any material uncertaintie5 relating to event5 or condition5 that,
individually or collectively, May cast significant doubt on the charitable company'5 ability to continue as a going concern for a period
of at least twelve months from when the financial statement5 are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this
report.
Other information
The other information comprise5 the information included in the Trustee5' Report, other than the financial statements and our
Report of the Independent Auditor5 thereon. The trustees are responsible for the other information contained within the Annual
Report.
Our opinion on the finzncial Statements does not cover the other information and, except to the extent otherwise explicitly stated in
our report. we do not express any form of assurance ctsnclu5ion thereon.
Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent
with the financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. If we identifv
such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material
rnISStatement in the financial statements themselves. If, based on the work we have performed. we conclude that there is a material
rnIS5tatement of thi5 Other information, we are required to report that fact.
We have nothing to report in thi5 regard.
Opinions on other matters prescribed by the Companies kt 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is
consistent with the fiNanci31 statements., and
the Trustee5' Report ha5 been prepared in accordance with applicable legal requiremerits.
Page 7

CENTRAL BAPTIST ASSOCIATION
AUDITOR'S REPORT ICONnNUEDI
TO THE TRUSTEES OF CENTRAL BAPTIST ASSOCIATION
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit,
we have not identified material misstatements in the Trustees, Report.
We have nothing to report in respect of the following rnatter5 where the Companie5 Act 2006 requires us to report to you if. in our
opinion..
the information given in the Trustees, Report is inconsistent in any material respect with the financial statements- or
sufficient accounting records have not been kept,. or
the financial statements are not in agreement with the accounting record5 and retLJrns', or
we have not received all the information and explanations we require for our audit- and
the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take
advantage of the small cotllpanies, exemptions in preparing the Tru5tees' Report and from the requirement to prepare a
Strategic Report.
Re5pon5ibilitie5 of trustees
As explained more fully in the Statement of Trustees. Responsibilities on page 6, the trustees (who are also the directors of the
Charitable Company for the purposes of company lawl are responsible for the preparation of the financial statements and for being
satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the
preparation of financial statements that are free from material misstatement. whether due to fraud or error.
In preparing the financial statements. the trustees are responsible for assessing the Charitable Company's ability to continue a5 a
going concern. disclosing. a5 applicable, matters related to going concern and using the going concern basis of 3CCOUnting unless the
Trustee5 either intend to liquidate the Charitable Cornpany or to cease operations, or have no realistic alternative but to do so.
Audltors, responslbllltles for the audlt of the finantlal statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material
misstatement, whether due to fraud or error, and to issue an Auditors, Report that includes our opinion. Reasonable assurance is a
high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material
misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the
aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial
statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above. to detect material misstatements in respect of irregularities, including
fraud. The extent to which our procedures ère capable of detecting irregularities, including fraud is detailed below..
obtaining an understanding of the legal and regulatory framework5 that the Charity operates in, focusing on those laws and
regulations that have a direct effect on the financial statements,.
enquiring of management and Trustees around known or suspected instances of non-compliance of laws and regulations and
fraud,.
discussing amongst the engagement team regarding how and where fraud might occur in the Charity financial statements and
any potential indications of fraud,.
reviewing tninute5 of meeting5 of those charged with governance,. and
performing audit work in relation to the risk of management override, including testing of journal entries and other adjustments
for appropriateness and reviewing accounting estimates or bias.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's
website at.. www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors. Report.
Page 8

CENTRAL BAPTIST ASSOCIATION
AUDITOR'S REPORT ICONnNUEDI
TO THE TRUSTEES OF CENTRAL BAPTIST ASSOCIATION
Use of our report
This report is made 501ely to the charitable cornpany'5 Mernbers, as 3 body, in accordance with Chapter 3 of Part 16 of the Companies
Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are
required to state to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or
assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or
for the opinions we have formed.
*abdL
Elizabeth Newell BA IHonsl FCA (Senior Statutory Auditorl
for and on behalf of
MHA
Chartered Accountant5
Statutory Auditors
Milton Keynes, United Kingdom
26 June 2026
MHA is the trading name of MHA Audit Services LLP, a limited liability partnership in England and Wales (registered number
OC4555421.
Page 9

CENTRAL BAPTIST ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2025
Current financial
Unrestrlrted
funds
Restrlcted
funds
Endowment
funds
ear
Total
Totol
2025
2025
2025
2025
2024
Notes
Income and Endowment5 from..
Donations and legacies
378,116
378,116
240,683
Other trading attivities
39,946
39,946
36,120
Investment income
17,155
9,426
26,581
47,536
Sale of redundant member
church property
141,763
141,763
434,937
Total Income
576,980
9,426
586,406
759,276
Expendlture on Charltable actlvltles
660,219
1.091
661,310
499,L)44
Revaluation of investment property
168,OODI
168,0001
Gains on investment assets
47,205
47,205
40,212
Net incoming I loutgoingl
resources before transfers
1104.0341
8.335
195,6991
308.444
Transfers between funds
Net Incomlng I loutgolngl resources
1104,0341
8.335
195,6991
308,444
Total funds at l January 2025
3,197.935
287.887
105.315
3.591,137
3.282,693
Total funds at 31 December 2025
3,093,901
296,222
105,315
3,495,438
3,591,137
The Statement of Financial Activities includes all gains and losses recognised in the year.
All income ènd expenditure derives from continuing activities.
The Statement of Financial Artivitie5 complies with the requirement for an Income and Expenditure Account under the Companies
Act 2006.
Page 10

CENTRAL BAPTIST ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2025
Prlor
Inonclul
Unrestrltted
fvnds
2024
Restrltted
funds
2024
Endowment
fvnds
2024
ur
Totol
Totol
2024
2023
Note
Income und Endowmentslrom.-
Donotions tsnd legucies
240,683
240,683
221.368
Other trudNng octNvities
36,120
36,120
33,676
Investment income
33,335
14,201
47,536
42,677
Sule of redundunt member
church property
434.937
434,937
270,888
Totol Intome
745,075
14.201
759,276
568.609
Expenditure on Choritqble activities
497,904
1,140
499,044
513, 703
Revoluotion of investment property
8,000
8,000
iii,oooJ
Gains and losses on investment t7ssets
40.212
40,212
38,202
Net incoming resources befvre
transfers
295,383
13,061
308,444
82,108
Transfers betweenfunds
Net incoming resources
295,383
13,061
308,444
82,108
Totolfunds ut l Junuury 2024
2.902,552
274,826
105,315
3,282,693
3,200,585
Totalfvnds ot 31 December2024
3,197.935
287,887
105.315
3,591,137
3,282,693
The Statement of Financial Activitie5 include5 all gains and105se5 recognised in the ye3r.
All income and expenditure derives from continuing activities.
The Statement of Financial Attivities complies with the requirement for ari Income and Expenditure Account under the Companies
Act 2006.
Page 11

CENTRAL BAPTIST ASSOCIATION
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2025
Notes
31 December 2025
31 December2024
Fixed assets
Tangible Assets
li
1.591,662
1.979,047
Investments
12
917,441
870,236
2,509,103
2,849,283
Current assets
Tangible assets
li
Oebtors and other assets
falling due after one year
Oebtors and other a5setS
falling due within one year
13
2.500
13
342,954
21,951
Cash at bank and in hand
876,401
974,915
1,219,355
999,366
Creditors.. Amounts falling due
within one year
Net Current assets
14
42.051
48,704
1,177,304
950,662
Total assets less current liabilitie5
3,686,407
3,799,945
Creditors.. Amounts falling due after
one year
14
1190,9691
(208,808)
Provisions for liabilities and charges
15
rotul net assets
3,495,438
3.591,137
The funds of the charity
16
Unrestricted funds
2,829,741
2,865, 775
Revaluation reserve-
Unrestricted
264,160
332,160
Restricted funds
296,222
287,887
Endowment funds
105,315
105,315
Total funds
17
3,495,438
3,591,137
These financial statements have been prepared in accordance with the provisions of Part IS of the Companies Act 2006 relating to
charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees on 25 June 2026 and were signed on its behalf by..
R D Farrant Bsc AKC FCA- Trustee
251une2026
Page 12

CENTRAL BAPTIST ASSOCIATION
STATEMENT OF CASH FLOWS
AS AT 31 DECEMBER 2025
Note
2025
2025
2024
2024
Cash flow5 from operating activities:
Net cash (used inl operating
artivities
18
1239,9971
(223,965)
Cash flow5 from investing activities..
Dividends, letting income and interest from
investments
26,581
47,536
Sale of redundant member church property
141,763
434,937
Purchase of tangible fixed assets
13,8591
{4,853}
Net cash provided by investing activities
164,485
477,620
Cash flows from financing activities:
Repayments of borrowing
123,0021
(23.0021
Net cash provided by lused inl financing activities
123,0021
123,002)
Change In cash and cash equlvalents In the year
198,5141
230,653
Cash and cash equivalents at l January 2025
974,915
744,262
Cash and cash equivalents at 31 December 2025
876,401
974,915
Page 13

CENTRAL BAPTIST ASSOCIATION
NOTESTOThE FINANCIALSTATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
I GENERAL INFORMATION
Central Baptist Association is a charity limited by guarantee and incorporated in England and Wales. The address of the
companvs registered office is The Pinnacle, 150 Midsummer Boulevard, Milton Keynes, MK9 ILZ. The registered number is
04319194. The principal activities of the charity are as disclosed within the Report of The Trustees on pages 3 to 6,
The liability of each member is limited to an amount not exceeding £10.
The financial statements are presented in Sterling (£1, the functional currency of the charity. Amounts are rounded to the
nearest pound.
2 ACCOUNTING POLICIES
2.1 Basis of preparation
The financial staternent5 of the charitable cornpany have been prepared under the provi5ion5 of The Charitie5 SORP IFRS 1021
"Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing the accounts in
accordance with Financial Reporting Standard 102.. 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland" and the Companies Art 2006. The financial statements have been prepared under the historical cost convention with
the exception of investments which are included at market value.
The trustees have reviewed the substantial capital resources available and consider that the Association has adequate funds in
place to continue operating for the next twelve months. These financial statements have therefore been prepared on the going
concern basis.
2.2 Income
All income is recognised in the Statement of Financial Activities once the Association has entitlement to the funds, it is probable
that the income will be received, and the amount can be measured reliably.
2.3 Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that
expenditure, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation
can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that
aggregate all costs related to the categorv.
2.4 Allocation and apportionment of costs
Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent
with use of the resources.
2.5 Tangible Fixed Assets
Land with a cost of £34,77512024= £34,775) is not depreciated.
Freehold buildings are not depreciated. The trustees consider that the high standard of regular maintenance and repair ensures
the residual value of freehold buildings will exceed its cost or valuation and hence any depreciation charge is unnecessary.
Investment property is recorded at fair value, with any change in value being recorded in the profit and10ss account.
Depreciation on all other tangible assets is provided at 25% of book value per year so as tts write off the cost less estimated
residual value of each asset over its estimated useful life.
2.6 Critical accounting estimates and judgements
In the application of the Association's accounting policies, the trustee5 are required to make judgernents, estimates and
assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates
and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual
results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised
in the period in which the estimate is revised. if the revision affects only that period, or in the period of the revision and future
periods if the revision afferts both current and future periods.
The areas where estimation has been applied are in calculating depreciation, impairments and provisions. Although these areas
are subject to judgement, the estimates used are not considered to be subject to material fluctuation.
Page 14

CENTRAL BAPTIST ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2025
2.7 Taxation
The Association is exempt from corporation tax on its charitable activities.
2.8 Fund accounting
Unrestricted fund5 can be used in accordance with the charitable objectives at the discretion of the trustee5. Included within
unrestricted funds are design8ted fund5, where funds that have been ear-m3rked by the trustees for particu13r purposes. These
funds can however be re-designated at any time at the discretion of the trustees.
Restrirted funds can only be used for particular restricted purposes within the objetts of the Association. Restrirtions arise
when specified by the donor or when funds are raised for particular restricted purposes. The majority of the Association's
restricted funds are available to churches for capital projects by way of grants or loans.
Permanent endowment funds represent funds that are held on trust to be retained for the benefit of the Asstsciation as capital
funds and may not be expended. Income arising on these funds is transferred to an expendable restricted fund.
2.9 Flnanclal Instruments
Financial Instruments are stated in accordance with the provisitsns of Section 11.. 'Basic Financial Instruments" and Section 12..
'Other Financial Instrument Issues" of FRS 102.
Financial instruments are classified and accounted for, 3ccording to the substance of the contractual arrangement, a5 either
financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest
in the assets of the company after deducting all of its liabilities.
2.10 Grants and donations
Grants and donations received are credited to the statement of financial activities as received.
2.11 Investments
Investments are initially recognised at fair value which is usually the transaction price lexcluding any transaction costs).
Subsequently, investments are measured at fair value through the statement of financial activities except for those shares which
cannot be publicly traded or where fair value cannot be reliably measured.
If reliable measurement of fair value cannot be obtained or this measure is no longer available. the investment's value is stated
s the fair value at the last point at which a reliable measurement was obtained. These instruments are then recognised at that
valuation. less impairment, until a reliable rneasure of fèir value becomes available.
2.12 Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme for the benefit of its employees. Contributions payable to the
charity's pension scheme are charged to the statement of financial activities in the period to which they relate.
Page IS

CENTRAL BAPTIST ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2025
3 Donatlons and legatles
Donations and legacies includes a donation of £92.00012024= nil) from a church on the point of closing.
4 Other trading artivities
Unrestricted
Restricted
Unrestricted
Restrirted
2025
2025
2024
2024
Letting incorne
Preaching, training and directory fees
Conference fees and donations
18,000
16,984
8,519
8,936
13.427
7.700
Spon50r5hip
2,500
39.946
36,120
5 Investment Income
Unrestricted
Restricted
Unrestncted
Restricted
2025
2025
2024
2024
Interest receivable
9.489
9,426
13,992
13.543
Letting incorne
Dividends receivable
6,865
18,542
658
801
801
17,155
9,426
33,335
14,201
6 Sale of redundant member churth property
One member church12024.. two) was sold during the year. The sale was Managed by the Baptist Union Corporation, who
distributed a share of the net proceeds to CBA, in accordance with normal arrangements.
7 Net Incoming resources before transfers
Unrestricted
Rèstricted
Unrestrirted
Restrirted
2025
2025
2024
2024
Net Incoming resources are stated
after charging..
Auditor's fee
17.473
18,642
Grant Funding To Third Partie5'.
Home Mission funding to member churches
188.125
123,719
Other grants to rnember churches
114,875
1,091
31,808
1,140
Support for other organisations
6.250
6,250
309,250
1,091
161,777
1,140
Page 16

CENTRAL BAPTIST ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2025
8 Trustees, Remuneration and benefits
During the year trustees received remuneration, had pension contributions paid on their behalf by reason of their employment,
and were reimbursed in respect of travel, telecommunications, meeting costs and office expenses incurred in the normal course
of the Association's activities, as follows..
2025
2024
Revd L K Kerry..
Remuneration
Pension contributions
Reimbursed
59,405
4,914
8,836
58.040
4, 765
4,412
During the year two trustees were paid an honorarium of £500 each. Three trustees were paid a total of £84912024.. six
trustees paid £1,1021 for expenses incurred in the normal course of Association activities.
9 Transactlons wlth Related Partles
There were no transactions with related parties, other than remuneration a5 shown in note 8, during the year12024.' nill.
10 Employees
Number of employees
The average monthly number of employees during the year was..
2025
2024
Regional ministers
Administrator
Safeguarding Officer
Employment costs in the year were..
2025
2024
Wages and salaries
Housing costs
Social security costs
Employer contributions to defined contribution pension schemes
166,129
36,000
8,503
19,434
230,066
154,079
36,000
9, 743
18,212
218,034
No employees received emoluments lexcluding pension costs) in excess of £60.000.
Key Management Personnel
The key rmanagement personnel of the Association, who have responsibility for all activities, are the trustee5 and the regional
ministers. Total employment costs in the year for these personnel, comprising wages and salaries., housing costs,. social security
costs and pension contribution costs, were £210,78812024.. £206,255).
Page 17

CENTRAL BAPTIST ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2025
Frèehold
Land &
11 Tangiblè Fixed Assets
Investment
Property
Office
Equipment
Total
ProDÈrtv
Cost or valuatlon
At I january 2025
Additions
Revaluations
Reclassification
At 31 December 2025
389,000
1,584.932
7,272
3,859
1,981,204
3.859
168,0001
1321,0001
1,596,063
168,0001
1321.0001
1,584,932
11,131
Depreciation and impairment
At l January 2025
Depreciation charged in the year
At 31 Decetnber 2025
2,157
2,244
4,401
2,157
2,244
4,401
Carrying amount
At 31 December 202S
1,584,932
6,730
1,591,662
At l January 2025
389,000
1,584,932
5,115
1,979,047
During the year the trustees committed to the sale of the investment property. As at 31 December 2025 the property was being
actively tnarketed and accordingly has been reclassified from fixed asset investment property to current asset investment
property held for sale. The property h85 been measured at anticipated net realisable value based on post year-end sale
proceeds of £321,000. resulting in a redurtion in value during the year of £68.000. The historical cost of this investment
property wa5 £56,83912024.. £56,839).
12 Investments
Listed
Investments
Unlisted
Investments
Total
Valuation at 01 January 2025
Increase in the year
Valuation at 31 December 2025
854,211
47,205
901,416
16,025
870,236
47,205
917,441
16,025
13 Debtors and other assets
31 Dec 2025
31 Dec2024
Amounts falling due after more than one year
Loans to member churches
2,500
Amounts falllng due wlthln one year
Investment property held for sale
Loans to member churches
Other debtors
Prepayments
321,000
15,000
326
6,628
342,954
17,500
586
3.865
21,951
Page 18

CENTRAL BAPTIST ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2025
14 Creditors
31 Dec 2025
31 Dec2024
Amount5 falling due within onÈ year
Loans
Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income
13.095
6,541
3,766
5,749
19,441
42,051
3,311
19,420
19,432
48, 704
Amounts falllng duè after more than one year
Loans lof which £131,53512024= £176,951) is repayable after more than
five years)
190,969
208.808
15 Pension Commitmènts
The Association is a participating employer the Baptist Pension Scherne I'the Scheme"), which is a sep3rate legal entity
administered by the Pension Trustee (Baptist Pension Trust Limitedl. The Scheme, previously known as the Baptist Ministers
Pension Fund, started in 1925. At the beginning of the 2024 financial year, the scheme comprised a Defined Benefits Scheme
which was closed to future accrual on 31 December 2011 and a defined contribution plan which was opened in january 2012.
The assets of the Scheme are held separately from those of the Association and the other participating employers.
For the current and previous financial year, the pension provision for members of the Scheme is being made through the
Defined Contribution Plan. In general, members pay 8% and employers pay 6% of members, Pensionable Income into individual
pension accounts. Members of the Basic Section pay reduced contributions of 5% and employers pay 5% of Pensionable
Income. The individual pension accounts are operated and managed on behalf of the Pension Trustee by Broadstone Corporate
8enefits Ltd. In additi(>n, the employer pays a further 4% of Pensionable Income to cover Death in Service Benefits,
èdrninistratlon COSts, and an associated insurance policy which provides income protection for Scheme mernber5 if they are
unable to work due to long-term incapacity. This income protection policy has been insured by the Baptist Union of Great
8ritain with Aviva Limited.
In October 2024, the insurance company Just Group c()mpleted a buy out of the liabilitie5 of the cl()5ed Defined Benefit Scheme.
From that date any remaining liability of the participating scheme members to the Defined Benefit Scheme ceased and the £1
per month deficit contribution5 payable by the participating employer5 which were agreed in the recovery plan approved in
August 2022 also ceased from that date. Administration of the closed defined benefit scherne transferred from the pension
trustee5 to Just Group from that d3te.
All paid members of staff are eligible to join the Scheme.
Agreed deficit recovery payments are recognised as a liability. However, the present value of the agreed deficit contributions
Wa5 not material at the beginning of the financial year and was fully extinguished when the buy out was completed by lust
Group in October 2024.
Pension contributions made to the scheme were..
2025
2024
Employee
Employer
18,084
19,434
37,518
15,820
18,213
34,033
Page 19

CENTRAL BAPTIST ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2025
16 Funds
The Association has the following funds..
Unrestricted Funds
General Fund
For general purposes
CBA Loan Fund
For making loans to member churches
NNB Capital Account
For making grènts to churches and individuals
NNB Christchurch Manse Fund
For the provision of monies to purchase Manses
NNB Emmanuel Manse Fund
For the provision of monies to purchase Manses
NNB Roade Manse Fund
For the provision of tnonies to purchase M3nse5
Team Leader's Confidential Fund
For use by the Team Leader for confidential pastoral expenditure
Revaluation Reserve- Unrestrirted
NNB Christchurch Manse Fund
Investment property revaluation
Restrirted Funds
Bed5 Ridgmont Building Fund
For the provision of loans to churches in Bedfordshire
Bierton Land Trust Fund
For the upkeep of the burial ground at Ford and support of churches
in the vicinity
For the support of work with VOLJng people associated with churches
in Buckinghamshire.
Bucks Baptist Youth Fund
Bucks Ford Chapel Trust Fund
For loans or grants to churches
Denton Baptist Church Fund
For religious and other charitable work of Northamptonshire Baptist
churches.
Ford Manse Trust Fund
For the upkeep of the buriBI ground at Ford and support of churthes
in the vicinity
Herts Capital Building Fund
For the funding of grants for growth and mission
Hert5 Well Wi5her Fund
For the purchase of book tokens for ministers and lay preachers in
Hertfordshire
NNB Guilsborough Trust
For the support of churches in Northampton
NNB Parker Gray Fund
For the provision of grants and loans to small churches in
Northamptonshire
Endowment Funds
Biertori Land Fund
Non-expendable. Income is restrirted a5 above.
Denton Baptist Church Fund
Non-expendable. Income is restricted as above.
Ford Chapel Fund
For new land or buildings
Ford Manse Fund
Non-expendable. Income 15 restricted a5 above.
Page 20

CENTRAL BAPTIST ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2025
16 Funds ICONTINUEDI
Movement In Funds
At I
January 2025
Net
Movement
in funds
Ai31
Detember
2025
Unrestricted Funds
General Fund
2,398,723
140,30DI
2,358,423
CBA Loan Fund
198.353
12,2261
196,127
NNB Capital Account
NNB Christchurch M3nse Fund
2,411
36
2,447
56,929
56,929
NNB Emmanuel Manse Fund
145.392
4.443
149,835
NNB Roade Manse Fund
51,404
546
51,950
Team Leader's C(>nfidenti81 Fund
12.563
1,467
14,030
2,865,775
136,0341
2,829,741
Revaluation Reserve
NNB Christchurch Manse Fund
332,160
168,0001
1104,0341
264,160
Total Unrestrirted Funds
3,197,935
3,093,901
Restricted Funds
Beds Ridgmont Building FLJnd
95,630
1,562
97,192
Bierton Land Trust Fund
10.469
303
10,772
Buckinghamshire Baptist Youth Fund
Bucks Ford Chapel Trust Fund
515
523
81,692
3,211
84,903
Denton Baptist Church Fund
Ford Manse Trust Fund
1.917
383
2,300
24,093
1,8S3
25,946
Herts Capital Building Fund
2.545
78
2,623
Herts Well Wisher Fund
7,761
19821
1,905
6,779
NNB Guilsborough Trust
62,348
64,253
NNB Pèrker Gray Fund
917
14
931
287,887
8,335
296,222
Endowment Funds
Bierton Land Fund
34.775
34,775
Denton Baptist Church Fund
10,635
10,635
Ford Chapel Fund
23.375
23,375
Ford Manse Fund
36,530
36,530
105,315
105,315
Total Funds
3,591,137
195,6991
3,495,438
Page 21

CENTRAL BAPTIST ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2025
16 Fund5 ICONTINUEDI
Net movement of funds
included in the abovè
Incoming
Resources
Resources
Expended
Gains and
losses
Transfer
between
funds
Net
Movement
Sn Funds
Unrestrittèd Funds
General Fund
568,041
1660.2191
47,205
144,9731
CBA Loan Fund
2,447
2,447
NNB Capital Account
36
36
NNB Christchurch Manse Fund
NNB Emmanuel Manse Fund
4,443
4,443
NNB Roade Manse Fund
546
546
Team Leader's Confidential Fund
1,467
1,467
576,980
1660,2191
47,205
136,0341
Revaluatlon Reserve
NNB Christchurch M3nse Fund
168,0001
168,0001
Total Unrestrlrted Funds
576,980
1660.2191
120,7951
1104,0341
Restricted Funds
Bed5 Ridgmont Building FLJnd
1,562
1,562
Bierton Land Trust Fund
303
303
Buckinghamshire Baptist Youth
Fund
Bucks Ford Chapel Trust Fund
3,211
3.211
Denton Baptist Church Fund
383
383
Ford Manse Trust Fund
1,853
1,853
Hert5 Capital Building Fund
78
78
Herts Well Wisher Fund
109
11,0911
19821
NNB Guilsborough Trust
1,905
1,905
NNB Parker Gray Fund
14
14
9,426
11,0911
8,335
Page 22

CENTRAL BAPTIST ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2025
17 Analysis of Net Assets by Type of Fund
Unrestricted
Funds
Restricted
Funils
Endowment
Funds
Total Funds
Current financial
ear
31 Dec 2025
31 Dec 2025
31 Dec 2025
31 Dec 2025
Fixed assets
Tangible Assets
Investments
1,556,887
917,441
34,775
1,591,662
917,441
Current assets
Debtors falling due after tsne yeèr
Debtors falling due within one year
Cash at bank and in hand
342.954
509,639
342.954
876,401
296,222
70,540
Liabilities
Creditors falling due within one year
Creditors falling due after one year
142,0511
1190,9691
142,0511
1190,9691
Total net assets
3,093,901
296,222
105,315
3,495,438
Prior
nonciul
eur
31 Dec 2024
31 Dec 2024
31 Dec 2024
31 Dec2024
Fixed assets
Tongible Assets
Investments
1,944,272
870.236
34,775
1.979.047
870.236
Current ussets
Debtorsfolling due ofter one yet7r
Debtorsfolling due within one yeur
Cash ut bonk and in hand
2,500
21,951
616,488
2,500
21,951
974,915
287,887
70,540
Llobilltles
Creditorsftslling due within one yeur
Creditorsftslling due ofter one year
{48.704J
{208,808)
[48,704J
{208,80SJ
Total net assets
3,197,935
287.887
105,315
3,591,137
Page 23

CENTRAL BAPTIST ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2025
Reconciliation of net income to net cash flow from
operating activities
18
2025
2025
2024
2024
Net incoming resources for the year las on the Statement
of Financial Activities)
Adjustments for..
Depreciation of office equipment
Revaluation of investment propertv
Reclassification of investment property as current asset
investment property held for sèle
IGainsl/losses on investments
Dividends and interest frtsm investments
195,6991
308.444
2.244
68.000
1,402
(8.0001
321,000
147.2051
119.7161
11.717
140.2121
128.3361
16,414
Loan interest
Investment letting income
Income from sale of redundant member church
propertv
Decrease in debtors
16.8641
(19,200)
1141.7631
[434.9371
1318,5031
113,2081
7,773
127.3131
IDecreasel/increase in creditors
1144,2981
1239,9971
{532,409J
{223,965J
Net cash lused inl operzting activitie5
19 Analysis of cash and cash equivalents
31-Dec-25
31-Dec-24
Cash at bank and in hand Ino noticel
Notice deposits13 monthsl
Total cash and cash equivalents
478,153
398,248
876,401
588,478
385,437
974,915
At31
Decèmber
2025
20 Analysls of thanges In net debt
At i
January 2025
New Loans
Cash Flows
Loans Falling due within one year
Loans Falling due after between one and five years
Loans Falling due after more than five years
Total net debt
6,541
6,554
13,095
31.856
176.951
27,578
145,4161
111,2841
59,434
131,535
215.348
204,064
21 Operating Leases
Two properties, for the use of two of the re8ional ministers, are leased to the Association. Total minimum future lease
payments as at 31 December 2025 are £36,00012024.. £36,000), all due within one year.
Page 24

CENTRAL BAPTIST ASSOCIATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2025
2025
2025
2024
2024
Incoming ReSour￿S from:
Donatlons and legacles
National Core Funding
282,051
236,868
Donation5 & Legacies
96.065
3,815
378,116
240,683
Other tradlng activlties
Letting income
18,000
16,984
Preaching and training fees
8.519
8,936
Ministers, Conference fee5 and donations
13,427
7, 700
Sponsorship
2,500
39,946
36,120
Investment Income
Interest
18,915
27.535
Letting income
6,865
19,200
Dividends received
801
801
26,581
47,536
Income from sale of redundant member church property
141,763
434,937
Total incoming resource5
586,406
759,276
This page does not form part of the statutory financial statements
Page 25

CENTRAL BAPTIST ASSOCIATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES ICONTINUEDI
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2025
2025
2025
2024
2024
Expenditure on charitable activities
Membersupport
HM Funding
Grants and donation5
Ministry
Meetings
Training
Support for Other organisations
Staff Costs
188,125
115,966
5.238
969
2,777
11,350
123,719
32,948
5,482
2,299
1,259
6,250
Wage5 and sa13rie5
Property leaseback
Pension contributions
Social Security
Travel and subsistence
Staff conferences and training
Property Costs
166,129
36,000
19,434
8.503
13,240
5.109
154,078
35,000
18,213
9, 743
15,416
6,609
Loan interest
Council Tax Utilities and Water
Insurance
Repair5 and Maintenance
Administration costs
Telecommunications
Postage and stationery
Ministers, Conference
Office, IT and computer costs
Meeting costs
Subscription5
11,717
16,984
3,906
749
16,414
15,866
3,672
893
4.846
382
17,970
2.399
1.104
1,802
4,366
271
10, 709
2,948
2,253
1,407
62
1,402
8,003
120
18,642
Depreciation of tangible fixed assets
Legal and Professional Fees
Bank Charges
Auditor's rernuneration
2,244
6,774
120
17,473
Total expendlturè on tharltable artlvlties
661,310
499,044
Revaluation of investrnent propèrty
Gain I (Lossl on investment assets
Net Incomlng Iloutgolngl resources
168,OODI
47,205
40,212
195,6991
308,444
This page does not form part of the statutory financial statements
Page 26