Cbarity r¢Bistsation Thumb.. 1126480 Beulah Baptist Church A[1 Rert and FiDaDcial Stat¢m¢nts for th¢ Year Ended 31 D¢c¢tnber 2025 Manningtons ViGtoria H0115e Themoor Ham'khurst East Sus5¢X TN184NR
Beulah B8Pti3t Church Contents (eontillued) R¢fer¢n¢e and AdmirhistratiY¢ DdaiL TNstees' Report 2108 Stal¢m¢ni of Twstees, RtspoDsibilities Indedent Exami18 Rwrt 10 stst¢metrt of Finn¢1 Activiti& Balance Sheet 12 Nots$ to the Financial Statements 13to23
Beu]ah Baptirt Church Reference and Administrative DetaiL8 Trustefyg Mr l HO11 MrB Henley Mrs A Pragnell Mr A V Pallnell Mrs S Feokins MrK M¢Kay. Treasur MrB Wighiwick Mrs K C Botha fr M R Connor Mrs E A Martin Mr HNahringbauer Mrs R A Lawrie. Secretary Secretory CfL#rity Regi%tTrtiOD Number 1126480 Prkncip41 Otri Beulah Baptist Chw¢h Buckhurst Road Bexhill-on-sea FAst Sussex TN40 IQA Manningtot Victoria H(Trus¢ Thc Moor Hawkb¢wst Past Sussex TNI8 4NR tndepend¢¥Jt Ex*mSner BavkerJ Barclays Bank Leicester LE87 2BB Baptist Union Corwion Lld PO Box 44 129 Broad% Diilwi Page I
Beulah Baptist Church Trustees, Report The trusttes prcent the a[Ual retK>rt together with the financial stataneDts of the charity for the yeAr ended 31 D¢¢¢mbet 2025. On l JaDllary 2026 th¢ a¢tivilies of B¢ulab Baptist ChUh transfeffed to a newly e5tablishd Charitable Incorporated Or8anisa¢ion (CIO). The existing unincorpordted thwity wdl ctase operatiiig and th¢ CIO will can7 fonvard the chur¢h's activitie5. All and liabilities ex1 to traTL8fcr at F0k value. ObJoetiv¢s and activities Objeets &nd Clwitable Objectives: Beulah Baptist ChurclL B¢xhill objcctiv&s are • Th6 advancenent of the Christian Faith awordiDg to the principles of the Baptist detsomination for the public benefit . Th¢ ¢huKh may also ¢arry out other"Gh8ritable pwes in the United KiD8don) aryd OT other part5 of the world. Objeclives, strideglu andueiivits"Es Activities Lndertak. FLinctions of the church are carried out by v8riou5 Eroups.. ACCESS group. Swiday ¢lub. Crech¢. B¢uigh Toddlers, Mid-w¢¢k and Sullday acttvities for cbildren glld young pwple. CAMEO, Conne¢l Qroups. Th¢ Lighthouse Club, SutJd&y Luo¢h Club. Board Gam&8 Club. Art Group> Marching Band. Square D8n¢ing Group, Community m8 and the Ukraine Hub. PAbll¢ bfflefit The tntte8 eonfimi that they have referred to the guidanG¢ contained in the Charity Commission's geDeral guidanct on public beThefit when reviewillg tb¢ ¢tJarity'S alld objectives and in pli)nThing its activities fr)r the ye. The policy of the chuwh is to have suffiGi¢nt flnanciat resources and Yoluntsry help to be able to offer local residents Sunday servi¢e$ and various other aciiviti&s in a Cbristiatt cont¢xL Achievemellts Jtsd perform¥JJre As we Ii)ok ba¢k on th¢ events of 2025, we ar6 yd again full of gratitsjde for all that God has Ibn¢. For thos¢ o have wm¢ ty Faith, for those %vho have rnoved on in th¢ir Christian journey, the growth of our Sunday setvices. for flourAshiDg Ministri in so many ar of churGh lik. We give thaThks for amother year of God's blc55ing on Beuiab. • During the year an Alph"a Course, Healing On The Streets, a Health Support Group 811 Cornmeneed #s well as tkn¢ additioltal rnoThthly Sullday aftenK)on servicr. There were 2 Dedicati¢ms, 5 Baptisms. nK)nthly churc fatnily lullch, as well as Yollth Worship Eveniu& MauDdy Thursday Luh and Supper, Easter I'reasur¢ Hunt arnd Picnic At"Ashburnham Place, Summer Party. Satellit£8 Youth Camp, CfaN One20ne Evangelism Workshop, BereaYemeDt S¢ryi¢¢ LightParty. ACCESS Servi, m1¢ of Christtna5 IIIusioDlSt Show. . Churth membship at 31 Devmber 2025 208 membets {2024: 200 memb¢ts) wlth 3 cburch m¢mb¢rs called to Glory, 5 r¢signations and 17 oew Memb5. 3 new Members ofstsff apwint¢d as Pa0 Co4)rdinator, Youth Discipl¢ship Workcr aDd Youth OutreaGh Worker, with the roles of Worship Co4)rdtn8tor attd Community loiker still to be filled. Page 2
Beulah Bgptist Church Trustees, Report (eonllnu) . Liz Martin bae au Blder in May , Maurtce Corjnot joined the Eldets in Septeber together with Heit5Z Nahritigbauer and Karline Botha electd 05 Dearons. Kevin M&cKay served a5 Tr¢&8urer and Rutb IAwri¢ as Church S¢Gretary during th¢ y¢ar. . The activities and ministrics of Beulah are onty p)ssibl¢ bU5¢ of those individuals who have be¢n willing lo serve. We are truly grateful for every single one whj have contribukd to the life of Beulah throughout th¢ year. ThEr6 arc 'behind th¢ s¢¢nes' heroes wbts play a vital role briDgiDg all the eY¢nts our Sunday seivices alive. A big thank-you to our church member, and all wiK> serve so wcll in so many ar¢a5 of church lifc. wkn continue to pray Lif us individually will use our CK)d-givell talents to Know Jesus, Tr4nsform people aDd Change sIety. This year been on¢ of gmwth and devclopmeJLI within Beulah'5 FamiIy MiDisty. In 2025. B¢ulali welcomed rLOt only llew families but ajso additional team leaders and staff metDbers to strengthen the Family Ministy team. eulllh Ffjmil Mi Crcche Beulah's ¢r¢¢h¢ relocated back to the Bu¢khurs¢ RootD after ouWowiDg the upstair5 spac¢. ThEy ntinued with a Stllg tea of volunteers. aThd & sieady attendance of 7 little ones weekly. on average. School due to inGre&8in8 nurnlxr8 Sunday School h&$ now split into hyo groups: • The R&tllblers {Schwl Years R-2) • The Sllnday Clubbers (S¢hool YS 3-5) Our leadership team has also grow aDd we now have 13 ddi¢at¢d leader4 Nryth ow OYPS gft)up serying oll ternate week5 within the ¢hildr¢n'5 llJiDi5ty. Vie currently bave.. • 13 Ramblers • 18 Siu)day Clubbers . our.aim coDtinu¢5 to be equippiD8 ¢hildr¢n to navigate life outside 0fchuh in prti. faith-filled ways. The Zone our Sw)day nw)rning gmp for sndary school stydents. LXIDtiDue5 to grow. faith-ba5ed group for young people (Yeors 7-13) that meet fortnighily on Sundty llighL Th¢ ¢venings start each with a tIe of informal fellowship and a light ¢1 and fu)ish with a gam 8-10 young people t¢Iding rgularty. OYP.$ Grou (Older YouD8 PPle- college and abov¢) ¢¢t on alternok Sullday& during the morning services. About 6-8 youllg people attende Ce Club faith4y&8ed afterschool Club, meeting Monday aftenmw. We had 22 Children on the register this Limitless Ytsu¢h Grou meds on TuGsday ev[Tr8s and ts desigDed to 8erv¢ young P¢Dple of all faith backgrounds, or none. W¢ maiErtaiDed a steady attendAtsc* of 22 young people throllghout the year. Limitless 2.0 wos established in October 2025 ovcrseen by Ihe Youth Outreach Worker. The ¢vetiiThgs are designEd to crea¢e att envitonment wher¢ youth feel safr to ask qucstion5. refl¢rt and gmw in their uoderstanding of taith. There 15 a shared Me b¢fore each s¢55ion, whicb h&$ helped strengdwi friendships and fostsr Y4 greater sense ol community among the young people and voluntm. Easter Outreach We welcom¢d 60 children to Bculah io explo the meollittg of Easter within the Cbri8tia tradition. Through ititeractiv¢, prn¢ticd, #t tngagin8 ti¥ll1es, ¢hildr¢n were helped to understand why Eastsr is such an important tim¢ for ChristiaDS. Page 3
Beulah Baptist Churcll Tnte, Report (eontinued) Other Minkqtri gGh(K>18 Minist Family Worker continues to represent Beulah at St Paul and Peter Sch(x)I, serving in vorious ways. This ollgoing parthership rem&ins a significant and fn]itful part of ouroultra Satellites Youth Cam August 2025 | Sheptoll Uallct A totsl of 26 people fron Beulah attended the camp. Jurn DF4 July 2025 We WelM 60 chiithen, along with thcir teadLers alld teaching alS18t5. to help ¢t th¢ir tsWltiDn inio s¢¢o#dary s¢hotsl. October 2025 125 guests came to Belliah for ourLwht Pty. ACCE&S GrDII ha5 COtittllu¢d to ttLeet on Iwice a rnonth on a Sunday morning. The SChUled monthly luneh meetings are well attended with everyone having th¢ oppoJtJnity to bring a food or drink contribution and are able to soci15e and have fwi ID a safe environmenL This giw¢s ao iDbnoal at[lloSph¢ where everyolle relax and enjoy a meal while ¢ncouragiTrg 181 DetworkiDg and ¢elebrate birthdays. mmunity. Spring 2Q2g saw our Arts and Craft Exhibition. This saw opproximately 50 exhibits ort 8knw, in various fonns of media on the theme of a rniracle or pBrdble of Jesus. This 0mPanied by a roff¢e morning for Christian Aid. The m¢n's brcakf&st continu¢s to meet on the third Sattsrday of th¢ mtknth At 8.30am at Weth¢rspDOllS ill BextlI. Average attendan¢¢ is belween 10 and 12 geuilemen. a of rowdy men feasting Oll black pudding and the like. mmuni M Is h&8 siDce June 2020 and th¢ Dwr¢ re¢¢n¢ly instigat¢d Coff¢¢ Drop ItL This setTrice runs 52 weeks of the year, provtding a ligh¢ Iwi¢h wheo pPIt ¢4)Ilect their m¢ais. iA¢ludill8 delicious soup for everyon¢. Th¢ work is maillly fuDded by a 8Jao¢ which is extended by don8tiODS. This provides up tr> forty mcajs to be collected weckty by ppIt referred by our PaSra1 T¢an4 St Petsr & St. Paul's School, F¢xid Bank and other local ogeu¢ies. Prrs¢ftting n¢eds include families with ¢bildrffl r4)ping with Additional Needs. tIK)8e inadequate t¢mporary aecommodation. people with mental h¢alth dia8llosis, those escaping domestic abuse, folk with long term physical challenge5, including rcsults of Strokes. Ih05e sutTeriiJg from prolonged isolation plus people with long t¢m illness meaning c(N)killg is no longer a p)ssibility. Thev be uled of a warm welcome ad a listening os well As frod. plus referral to other Organisatio apprtspriate. onnttt Gro provide OPPOTbmities for wple to gather in smalle¥ Sdlinss. These Bfoup5 Continue to flourish, offering encourag¢tD¢nt and $UPFrf)rt to one a[ther, and llre tlhau balf of the church membersliip t8ke part in one type of group or another. Connect Groups med both duriug th¢ day ld in the ¢veniDgs. either at the ¢huT¢h or in mEmb¢ry' homes. During 202) Th¥0 new groups *tre forme41. olle following from the Alpha coursc aRd aother plallttd from a latger group. On The Streets Is a brand outr¢ach tnodel and ha5 been SUfullY runlliDg in Bexhill Town siuGe August 2025. The ttam tneets at thurth to pray each Satsrday followed by out into the tomn and settin8 UP Yd regular spot in Devonshi Road. Our mission is to listen, pray and offer healing prayer for everyone who wmes to us. It has b¢¢n an ellwuraging outreach with nwhy people of our appreCiC our team being ou¢ and some retum for furthtt prayer and sUprt. Page4
Beulah Baptist Church Trustees, Report (¢oDtinued) eutal H1th S Gyou This new intknative Jalln¢h¢d in OGtober2025. Meeting weekly it has givell oppothinitics to explore peopl@S iS8U65 some depth and also h&ve some disc109 about faith and our beliefs. ral & Pra er Millis FIotne Communion visits are a150 off¢tul to those )t able to attend Church, either short or lottg-ter. and Uld still like to recetye union on a regular b&%sS. A SafcTalk suicide prev¢ntion traitiing mornin8 was held in F¢bruary. iD paTtheJ¥hip with a loral charity, kn help people r¢co8nis¢ p)ssible signs of people at risk. learn how Io 8a8< with them and connect them with furthcr support as appropriate. The wond annual Beremment Service took place in November. it w8s well receiyed and a significant tiffte for a number of peopl¢. UkrAini&n H is a saf¢ spacE a weeL Wh Ukrntnians can Sociali over coffee and biscutts, bring tkeir children to plav anit do thernpeutic activities. They ajso r¢cetYe counselling ad inforniation about employmenl volunte¢ring at)d signp05ting other support. Hosts visit the Hub pl lo¢ai ag6nGie% includin8 th¢ Commullity Poli¢e. This service continue5 to be fjjnded by a grnllt via Rother Voluntary AdioD. Fewer people now atten¢L although new people are arriving too. Lunch is Jleeded onl> in sch7 holiday5. the $p&ce to laX and play 15 Particularly important for the ¢hiidr¢ty plus a Therapist aitends kn facilitate Arts and Crafts for people who have experlellced trauma. GROUP AcfIvTfiKS- R trict*d F BeulAb Art Club meet between 14:00 - 16:00 Tuesday afternoojkq alld have sorne membos leave and otliers join and some just dip ID and Qui as they are able, working SGwna] themes will our members 2nd th¢ t-¢hUrch 8roup are pleased to do so #nd wilE often &sk qu¢sti¢)Jts of how things fit in to our Christian life. ard Games Club with an average of13 or 14 people attelldiDg eath Friday afterOn session. "Most of out tn¢mb¢T5 are retired and live on their so the ¢lub enabl¢s people to SociiS¢ wbile playing 8 ga¢ and having a hot drink and biscuits. 'Come kntd Mett E ch fellowship & friendship of the group. ' We bave Mrlu)rned new ladies & rn08t of our Idles ¢ttjoy the Flor81 Grou arrdnge th¢ flowtr5 vKek by week in the Sanctuary. some in m¢mory of a lovd one or for a $pecial occasion. Th¢ flowe13 on a Sunday are distribut to frieThd$ in the chttr¢lL family on • Monday which is very mu¢h app[iated. The MarchiD Reunion BADd startd tDeetiDg again in September. in time to prepare for Rett)etllbr8nee Sunday events. We Mrrodelighted to welcorn¢ in new m¢mE$. Rem¢mbranee Day was also the of 104 ye&rg of the British L¢gion. Th¢ band paraded frorn DeVOr&hi Squate to the memorial ¢)n the seafronL nda Luneb Club meet toscthcr every secothd Sullday of th¢ month ,doing approximatety 50 meals each time, providing a welc4)min8 pl wh¢ people ¢aD ffteet and eAI iogether in each other's wrnpany. Cllff d Da Centtt. . N . lThe L. Use lub Thutsd•ys continue to be &n ¢njtsyable day for members, iwhere they can meet lip with th¢ir fri¢Dds. play gan&8. enjoy tbe entert8it]ment or taik$ iTrn various subjerts 9nd joiTr ITr with qui22es and activities. They alway5 appreciate the woTrderfid home-Oked lun¢b provided. 2025 saw a new name and logo, au increase ill numbers and now have 29 members. Py5
Beulah Baptirt Church Trustees, Report (eontillued) rs offer u range of adivities from messy play - xmietitncs jelty is involv- to qui¢t¢r ones like books, piizzles and craft. ollr singing time a¢ th¢ ¢nd, we offtr a 5tM)rtprayer and a Christian sottg. Develo ment Following the refusal of our second planThing applitati(pn to redevelop the Sancbjary arta of the church iii 2024, Rothei District Council PJDpos¢d that enter a PlaTllun8 Perfomiance Agreemellt (PPA} with them. to discuss a way ft)rward. Thi8 arrangrm¢nt ailowEd (kvelopmellt and agreement of id¢as tsver 4 meetings which would lead to a furth¢r plantling appli¢atioll. Attendees included CPL (Ar¢hite¢ts). Paul Burges8 (Planning Consultant), PastorD&vid, Paul Hellyer PatReigh from Beulth at a lea of 3 from RDC. Th¢ fir8t PPA m¢eting was held on 25th Apri], a[ it was ¢1¢8r that a eollaknrntive relationship had beE established, and tha¢ th¢ RDC wer¢ to work with us to find a good solution. understandillg our need for addiiional, flexible space. HAving reviewcd all thc options put fotyrnrd. RDC Confired that a totsl rebuild of the sanctuary ad BILckhurst Rootn w&% not going to be loWed. Dission then tned to how Tri8ht tefiirbish alld alter the existing premises. At th¢ s¢cond PPA meetin& held on 8th Juty, it a8[1 that we ¢ould.. tk4noli5h th¢ Buckburst Room and replace it with a tW510T¢Y building linkiDg to the Beulab Ceotte on both floors. Extend thc Buckhutsl Road building line outwards, demolisbithg tbe existing V&Stibule area and Crlillg a larger main eJJtrgnce to the Sanctuary Extend part of the Clifford Road building lin¢ to illclude extrd 5eatin8 spa¢e in th¢ sanctuary. Enternally the balcony would be demolished, the San¢ttiary tl(%)r will be levtlld aDd the seating rotsted throu8h 90 degrees. Further Aneetillgs fituned th&%e idcas so that an application, with thi5 scheme can be made ID 2026. A5 a part of this pro¢¢ss through 2025. 0)nsultstioDs Ihve been also beld with the church famity, our neightK)urs in"nearby roads and Bexhill Heritsg¢. Input Tef¢ived 1)ceD viewed and 1lIated into tt)e plans. The Quantity Surveyor's report was received in Septwber sutDm8ry sknwin8 the ¢¢)Sting for the ph&8ing ofthe work with & rou8h estimgte of th¢ totsi o)sts of this drYelopmuJt 15 £4M. "Fundraisiug. Whi15t this new applicatioD. ret&initw a Iwg¢ e1cmt of the ¢xi5tiDg buildtngs on heritage groullth, appears to lend itself to a phased approach to the Y)rk, a fiiDdraisin8 feasibility SUEdy and business plan for the . whole proje¢t needs to b¢ in pla to underpin the finallcin8 of the project al before atsy work starts. Fillanclal revie lllcome and Expenditure sUmary. - Total incorne- £344273 - Total expenditure.. £300,720 - Surplus.. £43 553 11 is encouraging to see the tllembership and att¢Ddanc¢s iAcre&%in& The church'5 financi ty)sition continues to b¢ h¢althy with the freewill offerings a)lltinuing at &gj leY¢l and incojne from room hirings and bank interest Ireasin& Page 6
Beuiah BAPtist Church TThtee$' Report (continued) After being unable tt) rUIt a full time PL%tor the mle has been divided inttj five part tim¢ lEs iwtially for 2 yes. The fjrst 3 of th¢5¢ roles were rmIted th)riog this year. The grc>wth of the fellowship underlines the need for additional and flele space and so in pursuit of the BUildg Developrttent Project remains very IporfaTh1. Thi5 year we h&ve WOTk¢d witli tlic IA)cai Planning Authority having eThttred into a Planning Perfomianct Agreement MI are now in & po$ition ID apply for plaooing pennission early ID 2026. Our Con]munity' Meals and Ukraine Hub ministries con¢inu¢ to be mairdy funded by external grdnls ftDm ESCC, via Rother Voluntary A¢tion. NatiO[lly, th¢ church $UPPOTts BMS World Mission atld the Baptist Home Mission Fund and, lo¢a]ly the Bexhill & Battle Foodbanl Hoe1)eSS Unity GffOUP (HUG) alld Chri5tiaD5 Against Poverty {CAP}. Pollcy reserv The reserves policy of BEuiah Baptist ChuKb is to hold 25•A of wmual ¢xpenditsre to allow the church to adapt to 8ny ¢hallge5 in thc income or ¢xpendilure of the ChUb and to allow for emer8w building repairs. The Trustees cutrently believe thts amount be £75.000. Surplus morties are heid on deposit atthe urth'S bankers. Th¢ free ruery¢s at the year end 31stDecember 2025 wer¢ £743.937 {2024- £7,384}. Conflicts of iDterest In all circumstsnces wlLer¢ ttusiees of th6 church are considerd for paymellts. other than the refutmling of oUt41f-Cket exp¢nses, this should considered at a m¢rfitig of the tfU5tces a8teed by a majority of th¢ pftscnt but not includit)g th¢ individual{5} eoDcerned. This lo include payD]ert8 lo close ttlatives and the provision of ¥oods and servie¢s wber¢ a trustee I a faTr¢I&l illteresL Stru¢tur& governance and Nathre ofgoverKing documewl The Chuwh was foUJed in the"1890s to provide the area of Bexhill•sea wxth a Baptist church. The church is constituted u[er a tn]st deed of 1973 {wbi¢b replxed the original deed of 1896) according to the rults of the Baptist Ullioll of Great Britsin ond goveTned by de&coD$ and Elders wlx) COrnPTise the Trust¢es under Ciiarity law. RecrKlilltenl widapptslnlnntofirusrfeL¥ In addition to a Minister, Trust¢¢s ate Cburch Officers aF¢)OiJrt¢d ulldrr th6 tm5 of the constitution, by ¢le¢tion at the AGM orElders and Deacons appointed by nominaiion election at ch Memben Meetings. Page 7
Beulah Baptist Church Trustees, Report {¢ontinued) Th¢ trustees are responsible to the Church rneeting which is the fina] amthority on all matters of Church Government. Challfflgcs included the drawin8 up of the ¢oLstittrtion of Beulab Bapii$t ctwtrh as o Charitsble In¢orporatd Organization agreed by church Membets on 22nd Julle 2025. Incorpornted by Ilie Arity Commission, Gharity nufftber 1214390 on 1st AuEilSt 2025. The granting of S105 fro th- Charttv Lon]rDissEon on 21st November 2025 to enable this ¢harity to trallsfer its ulldertaking to the new Charity of 1st J8nuary 2026. Our thanks go to the Baptist unlo Anthony Collius Solicitors, MaMiWns. Barclays Bank and chUb members wkts enabld this to occur in a iim¢ty Pag¢ 8
Beulah B8ptiSt Church Statement of Tnt. Respollsibiliti The trustees are responsibl¢ for preparing the trustees, fEPJrt th¢ fin8n¢ial slatements irb a¢iy)rdance with the United Kingdom Accounting Standards (UnÉted Killgdoin GenallY Accepted Aeeoulltitig Practice) and appli¢abl¢ law aud r¢gulatiOll5. The law applicable to charities requires th¢ Intett to prepare fitLanciBI statements for each fjttwcial yr which give & true ai)d fair view af the slate of afTair5 of th¢ tharity aDd of th¢ in¢omin8 resour and application or resources of th¢ Ltharity for that period. In preparing these fitwicial slatemwts, the Irustees are required to.. sele¢t suitable a¢wuJJting policie5 and then applv them cOlstentIy. obserye the methods and prin¢ipl¢s in the Ch&itie5 SORP. make JIgeMents and estitllatcs that are reasonable and wud&" state whether applicabl¢ aKounting standards ljave bcen followe£L subject to any material depaTtures dis¢losed aiid ¢xplained in the financial 5talcm¢nts- alld prEpare the fi[ilaI staiements on the going concern Imsis uft1 it is inappropriate to prtSU]lle that thB charity will continue in busines5. The trnst¢ ar¢ reswnsible for keeping proper accountin8 re¢ords that disclose with rea50nablE accuracy at any time the financial 1110 of the charity and ble thern to ensw¢ that the fiAancial Stateellts comply with th¢ Charitt¢5 Ad 201I, th6 Charlties (Accounts and R¢wrts) Regulatiolls 2008. and the provisiolls of the cohstitutioll. The trustees arc £0 r¢snSIble for SarUardIng the ets of the charity athd hence fi)r taking reasonable steps for the preventioD aDd ddeciion of frnud and other irrc8ul8riti¢5. The tStee$ are resp)nsible ftir the maint¢oèn¢¢ and integrity of the cx>rrK)rate and financlal infomiation in¢luded on the charitable compan5 web5Ltt. Legislation goveming the preparation and di&sanination of finatt¢ial statements may differ f[n legisiaiion ia oth¢r jurisdi¢tiou5. Approved by the tnLStE¢S of th6 cbarity on. . and signed on its bthaif by.. wtie Sccietary Pa8e 9
Beulah Baptist Church Independent Examiner's Report lo the trustees of Beulah Baptist Church I reportoll th¢ awounts of th¢ Chlty forthe y¢ar ended 31 Dec¢mbe 2025 Trvhich are set ou¢ on pgg¢s I I to 23. Respective respoDsibilities of trustw #od exminer The tnLStres are responsible for the Pfeparation of the accounts. The trustees consider that a]1 audit is not required For this year under se¢tion 14412) of the Charities Act 2011 {th¢ 2011 Act) and ti)at independent examinatioii is needed. The Charity's gross iTKome exceeded £250.000 and I qualified to undertak¢ the exatnillation by being & qualified member of ItitUtE of Chartered A¢£ountants inEDglaDd and Wates. It is my ponsibility to.. exallune the aceounts under$tIOn 145 ofthe 2011 A¢ to follow th¢ PTo¢edures laid di)HD itt the geuerai Directions givell by the ChaTity Commission uDdEr section 14515Mb) of the 2011 Act., aDd to 8tate whether particular mterS have my attelltion. B#$ls of Ihdepthdent exminer'8 report My examinAtiOn Wos carried out in accordance with Ihe genern] DirECtions given by th¢ Charity Commission. An exasninatiDll includes a review of the a¢wynting ree4)rds kept by the charity a ¢ompari50ll of the accounts ptcscnted with those records. It a]SD in¢lude5 rollsideration of unusual items or di5cIosure$ the acuunts, and s explanation$ from you ay trustees eoncerning any 8u¢h atters. "lThe procedures ndertsken do not pwvide all the evidence that Wll[d be required in an audit and conscqucntly no opinion is given &s to wheth¢r the a¢¢ouDts present a'true and fatr view. the report is limited to those mattets set out in the next stat¢m¢nt. Independent examinerfs st8temeMt In conllection with ]ny examinatio malter has come kn my attention.. (l) whi¢h giv¢s me reasonable ¢wse to believe that in any mal¢tia] T¢5pect the requirements: . to k¢w acc4)ltIng records accordall¢¢ with StiO 386 of the Companies Au 2006. and . lo prepare a¢¢ounts wbich 8cord.with the accounting rewrds, cOPIY with the accounting requirerntnts of stttion 396 of the CornpaDi&s.Act 2006 and with the tnethod8 and principles of th¢ State21 of Recommjded PA¢ti¢e: AcColtIng and Re[lDg by Charities haye not be¢n m¢L or (2) ¢0 which, in my optnion, attcntion slM)uld be drawl ID ordtr lo enthle & PToper understanding of the accounts to be reacb¢d. I have no coThc¢ms and have com¢ a¢rn&q no other malters in ¢onne¢tion with th¢ exami]Jation to wbich att6ntion should b¢ drawn in this report tn order lo cftable apmwuDdersthodiDg of the accounts to b¢ rea¢h¢d. R Walsh FCCA i1¢U1t of Chartered ArcoutrtaDts F1alld and Wales Mallningtons Chartered Accountants Victoria House Th¢ MIK)r Hawkhutyt 18ussex IN18 4NR Date.. 11105126 Page 10
Beulah Bapti8t Church Statemellt of Financial Activities for the Year Ended 31 December 2025 Vnrestrl¢t•Aa fullds Re5tricled fun(b Totsl 2025 Totsl 2024 Nott Income Endowments from: Donations and lega¢ies Inv¢sttn¢nt income oih¢r income Y26.010 8.532 31,428 35.878 26,610 15.815 261.888 35.142 47.243 245,785 25,225 28,671 Total tncome 265.970 78.303 344273 299,681 xp¢Ndlture on: Charitabl¢ activities Governan¢¢ ¢osts {246900) 5291 (48,529) (295,429) (5291) (292,702) 1,920 Total Expenditure 252,191) (48.529) 300.720 294,622) Net llKom¢ Gross transf5 betwetn fillS 13.779 (95,360) 29,774 95 J60 43.553 5,059 Other recognised gains •nd10s549 N¢t movcmcni in fimds (81.581) 125.134 43,553 5.059 Retthrteilixtion of Total Thd$ broughi fonvard 327,504 988,152 1,315,656 1,310,597 Total filrnds carried fornyard 16 245.923 1.113286 1359209 1,315,656 All of the clwity's artlVlti¢s d¢riYe frt>m colltinuing operations during the above two periods. The fi]nd5 breakdown for 2024 aDd 2025 is shown An Djte 16. Pag¢ 11
Belllah Baptist Chur¢h IRegistration number: 1126480) Balance Sheet as at 31 December 202S 2025 2024 Note Fixed h53ets Tangible assets li 615.2r2 615.272 CuriTnt assets Debknrs Cash at bank and iti hand 12 13 85,409 665,848 4.180 702,956 751257 707.136 Creditors: Atnounts"1g11illg due VDeyur 14 7.320 6,752 Net current W55ets 743,937 700,384 Net ets 1,359209 1,315,656 riund5 of tILe chwrity: Restrlcted Income hnd5 R¢slrid¢d fimds 1.113286 988,152 Ullre8tritted ineome funds Unrcstricted funds 245,923 327,504 Totsl full 16 ,359,209 1,315,656 Th¢ fInancial statements on pa8 11 to 23 were 4Jproved by the IStee5. and authorisEd for issue i) .. and signed on their behf by: Pag¢ 12
Beulah Baptist Church Note4 to the Financial State]nents for the Year Ended 31 December 2025 l Actollnting politles statement of ct)mpligll¢e Thc financial statetncnts have been prep3red ID ac(x)rd2nce with Accoun¢tDg and Reporting by clrItieS., Statement of R¢commended Practice appli¢Able kn chariti&s preparing thetr Unts in ttrcordance with tho Financial R¢porting Stsndard applA¢able in the UK snd Republic of Ireland (FRS 102) {effeetive l Janllary 2015) - (Charities Satp (FRS 102)), the Finatlciai RetK)rting Stalldd 4)plicable in the UK and Republic of Ireland (FRS 102) and the Charities Aet 2011. Basls of prepArAtio Beidah Baptirt Chllb meets the d¢finitiOD of a public beD¢fjt ¢ntity under FRS 102. Assets and li8bilitiEs are illiiially rKogni5d at hislotiGal cost or traDS¥tion valu¢ Unl oth¢nwi5C Stated in the relevatkt o¢eouDting policy notes. Going Concern The trustee3 o)nsid¢r that thue are tto material uncertainties alM)ut the chariVs ability to continue as A going ¢oncem. Income and endowrnents Voluntary in¢om¢ in¢ludiNg dDnatioI, gi115. leg2cies and SI th8t pn)Ytde ¢ore fiU]ing or are of a general natiire is recogllis¢d whell the charity has entitlement tr) th¢ incomE it is probable that the iOme wll be r¢¢eived athd th¢ amount ¢aD be mwured with sufficient reliability. undlegucies Donations and legacies are rrtogniscd on a receivable basis when receipt is prob&ble and the amoun¢ Can be reliably m¢asur¢ Deferredlncoft Deferred inwm¢ ryresents wllounts receivEd for fvtse wods aDd is relth%ed to incoming resources in the p¢riod for whicb. it h&$ been re]ved. Such Incon is only dEfErred whe. - Th¢ donor specifies that the grant or donation must only be used in future accounting peri(Ats" or - The donor has IpOS conditions which be fflet before th¢ ¢hwrity has uttwnditional enlitlemenL Ex]ndIture All ext[i1re is reco8nis¢d once there i8 a legal or con5tructiYe obligation to that exp¢nditure, it is probable s¢tslern¢nt is required and the amount .can be &ured reliably. All $ts oft allrtated to the applicable expendiiure hrAding that agggatE SIlIar costs to that ¢ategory. 4)ere ¢osf5 ¢annol be dirtlY atributed to p#rti¢uiar headings tbey havc been allocated on a basis ronsi51ent with the use of resourc&q, with Central staff 5ts ajlocated on the b&8is of ¢ime spen¢ and deprrciattotl charges aUoLatcd on the portion vfthe asset's use. Other support (x)sts Jre allated baseAI on th¢ spread ofstaff CQSLS. Chapi¢&ble dlvltles CharitHbl¢ ¢xpenditur¢ wmprises thos¥ Costs Aticurred by the Charity in th¢ delivery of its activities and serYiGe5 for its knefi¢iaries. It includes tKJth Costs that csn b¢ l0¢ted directly to 5urh aGtivitiES alld those costs of an itMJire¢t natur6 necessary to support them. Pagc 13
Beulah Baptist Church Not£9 to the FInaCIal Statements for the Year Ended 31 Decetnber 2025 {coutinued) Gr¢7M¢provi5iOllS PtDvisions for 8rallts are made wh¢n the illtentioll to make a grant has been Wmmwiited to the recipient but thtte is unccrtainty abaut either the timing of the grdDt or the atDOUnt of gmt payoble. Support cost8 Support Costs include c4ntral functiotLS and have been allocated to Bclivity $t ¢ategories on a basis coDsist¢nt with the Lise of resources, for ¢xampl¢, allocating prop¢rty cts by flwr areas, prr rapiK staff costs by the tim¢ sp¢nt and other costs by their usag¢. Governance costs These include the costs attributable to th¢ ¢Irity'S complia[e with ¢onstitutional and statutory requiremEnts, Lcluding audi4 8trafygi¢ Iwagement and t[$te¢s, meetings and reimbwsed txpell565. Taxxllon Thr charity is considered to p$ th¢ t¢sts set out in Paragrapb I sdlUIe 6 of th¢ Finallc¢ Act 2010 and therefore it meets the definition of a Chari1¢ cornpaDy for LK ¢orwrAtion tsx puw. ALxordiDgly, the charity i8 Wtentiolly exempi ftom x10 in re5PCCt of incoine or w)ital gaiDS received within categories Covered by Chapter 3 Part I l of th¢ Corpofdtion Tax Act 2010 or Se¢tioll 256 of the Taxation of ChargBable Gains Act 1992. kn.tht extentthat such income orgoins are applicd exclusively to eharitable purposes. Tangible fix1 assets tlldividual fjxed assets costing £5.000.00 or rtKTrre are initially record * WSL1¢65 any sub5eqiIent a¢cwnuiatsd d¢pre¢iation and Subseque aceumulated iuyirnjellt l(k8ses. No value is placed on movcable firnithinBS held by the thurdl. sillce ThisÉees L¥)n$id¢r this to be inalienable property. All expenditure illcurred on cons¢crated or beneficed tM]ildings, kitchen and nyjveable church rni5hill8s, whether maintenance or irnpn)v¢methL is written off as expendtture in the Stat¢mellt of Financial Activities and separately disclosed. Land and Buildin. Th- is shown at valuation rnle in Jun¢ 1988 by A V Maitby IIUCS. Th¢ Mans¢ at St John's Road is shown at valuation of £262,000 &8 valued oll 10th April 2014 by C H Sthtely FBJCS and the manse at Larkhill is thown at valuation of £225,000 &s Yalu¢d by thr Tr1££5 previously. The illsllrance ¢over for the Church is £4,341,094 which includes fixed totltents al for the the tfj indemttity is £2m for each property. these insuran% valualions are for r¢bui]ding pury)DSCS 8T do not necessarily reflect et value on a diswsal. Fi¥tim, Fllttin and Office F4uipm¢nt: Equipinent used withill the church premises is written off ID the period in whi¢h the tt 15 acquired except for high value items which the Diawnate consider tt mr¢ 2ppropriate to wri1¢ o(fthe ¢ost of the &%set on a straight line basis over the expecied life of th6 a55et. The only &%sel to which this latter policy ha5 been applied is tbe photo¢opier whi¢b has been wrilten off oycr five yeaTS in equal instaiments. GifL8 of equtPDJeDt th¢ church treated as donation5 at valuation and an qual expense. Cvrrejt asset inv&stmeDts short-ÈedeP0sits include cash held on d¢posit with tht TrAnk and the BaptisiUDton CotPDratiL)n. Page 14
Beulah Baptisl Church otes to the Financial Statements for the Year Ended 31 December 2025 {continued) Trid¢ debtors Trade debtors iTrcliide prepayments and are amounts due to the Charily oramounts poid in adva[¢. Cth Hod equtvaleAt$ Ch and casb quivalents cotnprise cLth on hand and call deFQSit4 and other short-term highly liquid itivestnients that are readily convertible to a known amounl of rash and are subject to aTr iDsigrnificant risk of ¢hange in Yalue. Trade creditors Trade cr¢ditors are aTDounts owed by the Charity trp suppliers. Flld $¢nJ¢lure Unrestricted tncotlle funds ate general fjjnds that are available for use at the tCeS, discretion in furtherance of the objectivcs of the charity. Designated fvods a Iintes1¢t¢d fvnds set aside for $pecifi¢ pur atthe discretion ofthe tn]st¢es. R&8tricted income fi]nds are tIH)se donatd for use in a particu]ar aTta or for wiri¢ purp05¢5. the use of which is restrieted to that area or purpose. Penslons other pojt retirement obligations Tbe charity operates a defiued benefit pension scherne.TYpiIY d¢fi[l kn¢fit plaAS defne gn amount of pehsion benefit that an employee will receive on rairemeni, llsually dependeJJt oft one or nK>re faGtor5 such &8 age, years of service and CompeSatIO -The liability recognised in" the Balan¢e Shed in r¢spe¢t of defined benefit pension plan5 is the pr¢s¢nt V¢ of the d¢fineO benefit obligation at the porting date minus the fair va]ue of plan &8sels. The defined bEnefil obligation 15 m¢a5ur¢d u5illg th¢ proj¢cted unit credit Jnethod. The preseJ]t valu¢ of the defined benefrt obligation is detcnnincd by discoullting the c5timatcd firtutc paym¢x)ts by refence to k¢t yields at the reportiDg date on highlty cortK>rate knnds that are deoned in the ¢untncy in which the beDefits will be pai alld that hav¢ terms to malurity approximating to the tenn8 of the reltted pension liability. Actuarial gains and Ios8¢s are Charged or ¢redited to olber ujmprehthsivc income in the period in wbid) thEy aris¢. Page 15
Beulah Baptist Church Notes to the Fillaneial Statements for the Year Ended 31 December 2025 (eontinued} 2 kncome from doDgtions gnd legaeies Unrestricted fud$ DeSIgle Ctneral Restricted funds Total 2025 Total 2024 DOnLonS legaci¢s- Donations from illdividuals Gift aid reclaim¢d 9.491 188,069 28,450 29,252 6.626 226,812 35,076 261,888 212.016 33,769 9,491 216.519 35,878 245,785 3 Inve5thient incom¢ Unre5trtcted runds Design*ted Re4¢rirted Totsl 2025 2024 Ittttre5t receivable and simi]ar itKome.' tnterest receivable on tAnk dewsits .532 26.610 35,142 25,225 4 Other iDcome UDre5tricted funds CenerAI Totsl 2025 Totsl 2024 Fees and supplies Relltal income 220 31208 15.815 16,035 31208 47,243 74 28,597 31.428 15.815 28,071 S di1rt OD th•ritablt aetiviti Lnrestrirted funds DeSi2UAted Re5tricte41 Total 2025 Cbaritablc activities ofthe Church 41,675 205.225 48,529 295.429 rulrieted Des1ted Restrhrte41 Totsl 2024 Gener81 Charitable acllvities of the chUh 51.699 187,558 53,445 292,702 Page 16
Beulrdb Baptist Churc Notes to the Fillaneial St2tetDents for the Year Ended 31 Deeember 2025 {continued} 6 Analysis of goYernJn¢e and support costs Governllnee £t8 Utsrestricted Totsl 2025 Total 2024 Genergl . Ind¢pendent ExaTnin¢r's remu[KratiO .. Legal fecs 1000 3.291 1000 3291 I,0 5.291 5291 1,920 7 Yet incomingloutgoing resources Net incomin8 resources for the ye4r irKlud¢: 2025 2024 Ind¢pendent Ex4Tllinees remuneratioo 1,920 S Trnstees remttneratioTh #rtd upen5e "No tntstees have r¢ceiv¢d any 0therbCfits the cbarity during the year. Truste were reimbursed variou5 Sums thrwhwl th¢ year for expenses incurred wlK)Ily and exclusively fr>r the charitable activiti&% of the Churc Tht l[lIstE[ liv¢5 in housing wholly or partIy owned by th¢ thurth. During the year thc chlty made the following traThsactson8 Thith trustew: Rev D Lockwood RWD Lockwood received remuiierJtion of £46.344 (2024: £44.556) during Ihe y. Stipends paid tsj the Tntee for his tole as Senior Minigt¢r atBeulah Baptist Churth. The Church pays p¢nsion ¢ontributiOL8 tr> aBapti8tPerksion Scbeft)e whidj is ad¢fined ¢ontribution scbem¢. The total paid in thr ytar to this 5chcme w&8 £5.409 (2W24.. £5217). Mrs K Botbg s K BoilJ• received remeratIOn of £37.878 {21r24: £Nil) during theyear. . K Botha and h¢rhusband liye in The Latkhiil MA and pay c4)mmeT¢ial I mwket renL Pagc 17
Beul4h Baptigt Cburch Notes to the Financial Statements for the Yeav Ended 31 December 2025 (colltilliied) 9 SthfTcosts The aggregate payroll costs Thrre as follows: 21J25 2024 Stsff costs during the year were: Wage5 alld sajaries Social security costs Pension Gosts Other staff costs 135,440 116,888 6218 8,809 1,839 133,754 9.673 3.999 154.223 The monthly av¢rag¢ numb¢r of persons (in¢luding senior maDagellJcnt I leerShiP team) employed by the charily dwillg the year expressa as full time equivaitllts w&5 a5 follows.. 2025 No 2024 Average NuTtth?r ofEmployees No employee received emolulnents of more that£60.IM)O d(wing the year. IU T•xtion The charily i$ a registered charity aDd is exempt from CorpoTation TOL 11 T4ngibk fixed 88¢¢9 Lolld alld ljuilditigs Office equiprnent Total Cost At l January 2025 At 31 DMr2025 61<272 1.440 616,712 1.440 616,712 DtprtdAtion At l Jattuary 2025 1,440 1,440 At 31 DeL¢mb¢r 2025 1,440 Nrt book value At 31 Dernr 2025 615,272 615,272 At 31 Dec¢mber 2024 615,272 615,272 Page 18
Beu]ah Baptigt Church Notes to the Finaneial Statements for the Year Ended 31 December 2025 (eontinued) 12 DebtllTS 2025 2024 Prepayments Other debtors 85,408 4,180 85,409 4,180 13 CA&h and c•sh e4uiv%ltttts 2025 2024 Cash at bank 665,848 702,956 14 Creditorg., falling due within one ye4r 2025 2024 oth taxation and lA1 security Oth¢r credito Accwals Def¢rTd inwttL¢ 696 6.514 iio 6,055 7.320 6,752 Pa8e 19
Beulah Baplist Church NoÉ&8 to the Financial Statements for the Year Ended 31 December 2025 {continutd) 15 Pènsio •md other $chettkes Defined COtribtion pension $ch¢D)e Th¢ charity operats5 a defilled contribution pension stheme. The pe10 co$t charge for the year repr¢sellts contributions payablt bv thE charity. to the schem¢ and amow)ted to £9.673 (2Q24- £8,809). Defined benefit peDSiOD 5chemts DB (Def]ned BellellÉ) PIAII The Chu is a participating employer the Baptist Pension Scheme Ckne Schejne. which is a separate legal entity admiNistef¢d by the Pellsion Trustee IBapiist PeDsion Tnjst Limited). The a55¢ts of the ScFLern¢ are held s¢paraiely from those of the Employer and the other par¢i¢ipatillg employers. Th¢ S¢beme. previously known &5 the BRptist Ministers. Patsion Fund, started in 1925, but Wds ¢losed to future acGrual of defined benefits on 31 De¢¢mber 2011. Prior to this date the main benefii provided tbrough the Defined Benefit (DB) Plan was a pension of onc eightieth of final minitnutn pertsionable income for cach y¢ar of pensionable seryice togeth¢r with additional PEfL%ion in re8pe¢t of premiums paid on Pen5io]Mble Ill¢ome in ¢xcw of Millimum PensioDable tn¢otAC. From January 2012, pension provision is being made through the Dered Contribution (DC) Plan withits the S¢hem¢. In genetal, m¢mbeT5 pay 8¢A of their Pensionable In¢otnt alld e]nployers pay 6% of members. P¢nsionabl¢ Illroe into I]1dUal pension 8c¢ounts. which ore operated and managed on behaIf of the Pension Trnstee by Broadstone Corp)rate Benefits Ltd. Ill addition, the etnploy¢r pwys a further 4Vh of Pensionable tllcome to cover Dth in Swvi¢¢ Benefits. athlltnistration costs. and an assD¢ialed ill5uran¢t p>licy whi¢h provid&s iDcome prote¢tion for S¢hem¢ member5 if they aTe unable to work due k)llg-tern incapacity. This income protectioD policy has t¢¢N insured by the Baptist Lnion of Grth Britsin vith Aviya LIlted. tM¢mbets of th¢ Basic Se10n pay rethced eontnl)utioDs of 5Vo of PeDsionable Income, and their tp10yerS also pay a total of 5Y•.I From Broadsttrne corrat Benefits Ltd: tll 5Umtnary, we are delighted to r¢rort th ¢slitnate the Scheme's D¢fiDd B¢Thefii pkn h&s a siuplu5. As a resiilt, your £1 per month trIbl05 to the Defined Beo¢fit Plan will ceas¢ aft¢r the (ktober 2024 ontribution ond your orgallisation no longer has 8n> further reswJn5ibilty towards the Defined Ben¢fit Plan. We are very pleased that this beell tsIble to a¢hi¢v¢ muth eaAier. #nd at a much lower eost, than we had gnti¢ipated. Multl4mployer pillls This is a defined benefit plan. The Scheme is considered to be * mults-employ¢r 5L*eme as de5Gribed in Section 28 of FRS 102. Because it is ttot Frf)Ssible to attribute th¢ S¢heme's ass¢ts and liabilities to spccific ¢mploy¢r& the sch¢ is account¢d for as if th¢ Sch¢m¢ w¢re a defined contribution 5Ghetne. Th¢ Ministerfs) aTJd some mern1 of the cbur¢li sthff are eligible to join the Schem¢. Page 20
Beulab Baptist Church Notes to the Financial Statements for the Year Ended 31 Dember 2025 (eontinued) 16 B41gllce 8t 31 December 2025 January 202S eoming rtJourcEs Resource4 TrgDsfers UDre8trid¢d fun Gefierf Gcneral Fund 205.187 247.947 (210,510 (126.785} 115,833 D¢slgfted Bank lttt¢rest Chitrch Maintsnance gicies alld (iifLs Manse MaiDlenance MinistsP$ BkS IT Cbristmos LunclKs PhOtOpl¢r Outreac 8.532 (8.532) 28.000 (26.068) 1,932 110,259 8,366 106,772 4.195 190 1.667 39 3,438 6,016 3.487 (1.829) (186) (4.075) 0.0 (4) 5.7fKI (333) (3.006) 3,6 3292 294 (432) (9,085) (4l.675) 5,710 6,241 130,090 12?.317 18.023 31,425 Total UnTe5tTiCted fun 327.504 95.360 245,923 Restricted funds Churcb Propertie5 FellL)wship FLmd 615272 1.977 615,272 1,419 1.070 (1.6281 (12.000) (6,7791 (S J40) {13,880) (1021 (8,800) 12.000 1.8(Kl 2,010 12.000 8atellit¢5 Youth Mi55ionzry Beul2h D¢velopm¢nl Assistant Pthor Gift Day Collective Groups Total re$tr&cted funds 1.857 4,733 4,664 2,607 47.576 1.838 15,815 1,611 4,681 727 413,173 60,588 15.815 365.699 67.550 988,152 78.303 48,529} 95.360 1.113,286 Total funds 1.315.0<6 300,720 1,359,209 Page 21
Beulah Bapiisi Church Notes to the Finaneial Statements for the Year Ended 31 December 2025 (eontinued) B*lxllee At 31 Decemb¢ 2024 B#lanee al I J8llUary 2024 Intomlng resources Rt50urce5 expended TrnA8fers Unrostrithd funds General General Fund 202.822 243.155 (189.478) (51.312) 205,187 Designated Bank Int¢rc5t Church MntenanCe Legacies and Gifts Manse Maint¢nan¢e Ministsvs Bfy)ks IT Christmas Luncb¢s Photocopicr Outreach 12.813 (12,813) 15,181 11,372 9),522 11,041 {26,553) (I.ooD} {12,846) {210) (1.570) {512) 8250 106,772 4,195 190 1,667 39 3,438 6,016 6.000 400 1200 2.037 276 3.438 7265 275 9.(K18 3,600 134.951 25,497 51,699) 13,568 122,317 Totsl ullrutritted 337,773 268.652 241,17 37.744) 327,504 Chiir¢h Properti¢s Feuowship Fund 615,272 615,272 l.977 624 {i.Y26) (12.000> (7,211) (3,398) {15,272) 13.633 (360) Satellites Youth Ml10t)ary Bla Develop¢t Total restrIctl funds 6,573 1,825 3.141 2.495 1.980 12,131 9.502 1,857 3347 . 1940 350.%9 365,699 972.824 31.029 53.445) 37,744 988.152 T&tal 1.310.597 299.681 294,622) lJ15,656 Page f2
Beulah Baptist Church Notes to the Financial Statements for the Year Ended 31 December 2025 (eontinued) 17 AnAlysS$ of net assets behTreeD funds Unreslrlrttd Unrestritted d5 Desigmate41 Total fuDds at 31 December 2025 Restricted funds GÈnerAI Tangible fIXj &85¢ts Cli¢t ets Cutrent liabiliti¢s 615272 498,014 615,272 751,257 7,320) 123.R53 320) 130,090 Total n¢t a%scts 115.833 iJo,o 1.113,286 1,359.209 Total funds at 31 December 2024 Lnrestricted fuDds GeneMI D1gted Restricttd funds Twgible fixed assets Current &w¢ts Current liabilities 615,272 372.880 615,272 707.135 6,751 211,938 16,751 122,317 Totsl ttet assets 205,187 122.317 988,152 1,315,656 18 Non-adju5ting ¢veDts after the fu¢7*1 period Subseouent to th¢ year ¢tLd. on l January 2026. the chur¢h's activities traDsferr¢d to a newty r¢gistered Charitable InCOrrat¢d Organisation {CIO). This represents a cha in legal fom?. As the event occurred after the reportiog dat< no adjustments hav¢ be¢n made to these fillatscial statememts. P8ge 23