|**Rye Lane Baptist Chapel Registered Charity Number 1127787**|**Rye Lane Baptist Chapel Registered Charity Number 1127787**|
|---|---|
|**Trustees Report and Financial Statements for the year ended 31st December 2025**||
|**Table of Contents**|**Page Number**|
|**Trustees Report**|**2**|
|**Independent Examiner’s Report**|**9**|
|**Statement of Financial Activities**|**10**|
|**Balance Sheet**|**12**|
|**Notes to the Financial Statements**|**13**|
1
## **Rye Lane Baptist Chapel Registered Charity Number 1127787 Trustees Report and Financial Statements for the year ended 31[st] December 2025**
## **Annual Report for 2025**
The Trustees of the Rye Lane Baptist Chapel submit their annual report and financial statements for the year ended 31 December 2025. The financial statements comply with the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).
## **Structure Governance and Management**
The Chapel, which is a charity registered with the Charity Commission of England and Wales number 1127757, is governed by a constitution based on the Approved Governing Document for Baptist Churches adopted in 2008 and reviewed in March 2025. Members of the Church are accepted in accordance with the constitution which requires them to be or to have been publicly baptized on the profession of faith in Jesus Christ or following other modes of baptism to renew their public profession of faith in Jesus Christ.
The members Meeting normally takes place six times per year and has responsibility for the overall policy of the church. In accordance with the Constitution, the members appoint Trustees, who together with the Leadership Team, Church Secretary and Treasurer (who are also appointed by the Members), are responsible for the day to day running of the church’s work and witness, and the financial and legal aspects of the charity. All members are encouraged to take an appropriate part in the spiritual and practical tasks involved in the furtherance of the charitable objective.
Relevant matters may be submitted to the Church meeting by the Trustees for guidance or may be raised by members in Church meeting for further consideration by the Trustees. Though the Constitution permits decisions to be made at Church meetings by appropriate majorities, the Church seeks to work by consensus wherever possible.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives & Aims**
The principal purpose of the charity is the advancement of the Christian faith according to the principles of the Baptist denomination to include the advancement of education, community service and such other general charitable purposes in such parts of the United Kingdom and the world as the Church shall determine.
To achieve the principal objective, which is set out above, the Church provides a variety of activities both to its membership and to the community generally. The aim is to show the love of Jesus Christ in both word and deed and to bring people into a closer relationship with Him as living Lord.
Central to the work and witness of the Church is the provision of regular public services of Christian worship. These services take place each Sunday at both 10.30 am and usually at 6.30 pm. Youth and Children’s ministry commences at 11:15 am when the children leave the morning service for their groups. There are also occasional services at other times which are advertised on the church notice board and the website at www.ryelanechapel.com . The church seeks to be a friendly and welcoming community, and anybody is free to attend any of these services.
The Church operates systems to ensure that all people working with children and vulnerable adults are appropriately vetted by the Disclosure and Barring Service (DBS).
## **Public Benefit**
We confirm the trustees have had regard to the Charity Commission guidance on public benefit and is satisfied that the activities outlined above clearly demonstrate that the charity is providing a benefit to the public.
2
## **Rye Lane Baptist Chapel Registered Charity Number 1127787 Trustees Report and Financial Statements for the year ended 31[st] December 2025**
**The Church:** The congregation is a multi-national, multi-ethnic one with a large range of ages and backgrounds, representative of the community in which we are set.
We have again been very grateful for Pastor Phil’s ongoing leadership and ministry in 2025. Numbers have held steady but almost all the large group of Iranian asylum-seeking believers have now been placed out of Peckham, mostly to places from which it is too far to travel for Sunday Services at RLC. Ps Phil has sought to facilitate contact in their local area with fellowships where they would be welcomed. Translation for Spanish speakers attending is through handsets and ear-pieces. A similar translation introduced in 2024 for Farsi speakers has now finished as there are few continuing to attend.
Sunday evening ‘services’ have restarted during 2025 and run as a group Bible study. About 12 to 15 people have attended most weeks. The group has worked through Acts which has been good learning together.
Men’s and women’s breakfasts occur on one Saturday morning every other month. Some from other churches also join these excellent breakfasts and provide the opportunity for fellowship with others.
During 2025 a number of elderly and middle-aged members died. Funerals have been held in RLC and we have had in total from our congregation and from other churches of six families making use of our building for funerals.
Life groups (home groups) continue but a disappointingly small number of our congregation have joined their local group. One group meets weekly in RLC on Thursday mornings and attendees are all retired people.
In April, Spring Harvest at Minehead attracted a good number from the fellowship.
Several members of the congregation are involved in Street Pastors’ ministry.
In June 2024, a new venture was started when several churches combined to hold a service followed by fun activities and stalls of various sorts on Peckham Rye Common. This was appreciated and was attended by Southwark’s lady mayor. This was repeated in the summer of 2025, with people having services in their own churches in the morning, and activities and singing on Peckham Rye Common in the afternoon.
**Mission:** During most of 2025 the London City Mission (LCM) continued to work with us, though this came to an end in November 2025. Friday outreach continues to welcome people in for teas and coffees. Around 15 to 20 people attend each week with some staying for a brief period and others wanting to chat over several hours. Some of those who come in have mental health or social problems - it is a privilege to be able to serve some in need in our community. During 2025 RLC has run a monthly Saturday morning outreach. Some of the congregation and some from other churches help for whom Friday is not possible because of work commitments. RLC continues to be a local fellowship seeking to bring the good news of Jesus to the people of Peckham and as a result there were 10 people baptised during 2025.
The third (and last!) book on RLC’s history was completed and printed. This was one on mission to and from RLC over its 200 years. A book launch was held in April 2025.
**North Peckham:** North Peckham Baptist Church is situated around a mile from RLC on the North Peckham Estate. It was initially an outreach mission from RLC. It became an independent Baptist Church in 1985. A recent fire towards the end of 2024 meant that their building became non-usable. The small congregation began attending RLC and have continued to do so. Prayer and discussion characterize seeking God’s way forward for the building and the congregation, whose presence at RLC has been much appreciated.
3
## **Rye Lane Baptist Chapel Registered Charity Number 1127787 Trustees Report and Financial Statements for the year ended 31[st] December 2025**
**Deacons & Elders:** Having a relatively full complement of deacons has brought encouragement. The Deacons, who are also the local trustees, meet monthly. Church member meetings are held every other month and the AMM is held annually. A small Elder team cover the spiritual direction of the church and strategic issues.
**Young people:** ‘ _Empowered_ ’, the youth ministry, continued to flourish during 2025. These get -togethers for 11 to 18 year olds take place on Friday evenings from 6.30pm to 8.30pm and include games, friendships and learning about the Christian life. They take place weekly during term-time with 20 to 25 attending. The spiritual input into the evening has meant that several of the group have come to faith in Jesus and some have been baptized.
- The children’s ministry (YCM) takes place on Sunday mornings during the sermon. The groups comprise a creche, 3 7, 8 to 11 and the teens groups. Also continuing during 2025 were adult groups for young men (Kingsmen) and young – women (Glow) those aged 18 to 35.
**Prayer:** Our congregational prayer life consists of a monthly evening of prayer and worship (the Engine Room), a monthly Tuesday morning prayer time, a week of prayer three times a year, as well as encouraging individual Christians in the congregation to pray. Items for prayer, including individuals in need, are often mentioned during the Sunday morning service. In 2025 during Lent we commenced a morning online time of prayer together held daily Monday to Saturday each week throughout Lent.
A joint meeting for prayer takes place every two weeks for ministers (different denominations) within Peckham. It is a meaningful time lasting for an hour over a light breakfast and often deep sharing makes this a very worthwhile time together.
**English classes:** We restarted Teaching English (TEFL) classes during 2025 but numbers attending have been small.
– **Use of the building:** Two other churches use the building a Brazilian congregation meeting on Saturday evening and a Spanish congregation on Sunday afternoons. Other users of the building include blood donation which occurs about twice a month for a whole day. As well as funerals for our own members RLC is also used on occasions for those from other churches when large numbers are anticipated.
Some hiring out of rooms for external organizations also occurs. Letting of the kitchen to a charity seeking to provide asylum-seeking families to be able to cook for their family one day a week has occurred. This has been throughout much of 2025.
Discussions proceeded during the year about an external organization running a nursery within some rooms of the building. Significant modifications to these rooms has been undertaken throughout 2025 and an Ofsted inspection was held (and passed) in January 2026. It is hoped the nursery will start taking children in April 2026. The building is underused during weekdays and this will provide much needed income as well as ensuring the building is made better use of by the community. The nursery will pay rent on the rooms but allow church use each weekend since it will be run only Monday to Friday.
**The Building Project:** RLC’s Building Project ( _Building Hope_ ) has entailed a great deal of work during 2025 and permissions were obtained for both phases of a major modification to the building. Fundraising became a priority for – us in 2025. Two part-time workers were employed one as Project Manager (four days a week) and one for two days a week as our Principal Fundraiser. Progress has been slow and our fundraiser went on maternity leave in the last month of 2025. Staff have been seeking how to move forward with obtaining funds needed for this large capital investment on the building. We had two gift days in 2025 which had a generous response from the congregation, with over £40k being raised. However, the cost of a major upgrade to the building is in millions rather than tens of thousands. We hope and pray for more progress in 2026.
4
## **Rye Lane Baptist Chapel Registered Charity Number 1127787 Trustees Report and Financial Statements for the year ended 31[st] December 2025**
## **FUTURE PLANS**
During 2026 and beyond we have challenges and opportunities.
The opportunities are to continue the work God has given us, represented in what has been written in the rest of this report. We long to see more people coming to faith in Jesus and joining the church at Rye Lane Chapel as we grow as family together.
– There are challenges too not least in the need to raise money for our building plans and be able to increase our staffing to further God’s vision for us as a fellowship. We would like to increase our 'digital presence' and need to update our website on a regular basis. Coordination of pastoral care for our elderly also needs enhancing in 2026.
We go into the next year continuing to rely on our heavenly Father, making the gospel of Jesus better known within our society, and walking in the presence of the Holy Spirit as we continue to be led by Him both as individuals and as a fellowship of Christians.
**Barry Evans Acting Church Secretary** .
5
## **Rye Lane Baptist Chapel Registered Charity Number 1127787 Trustees Report and Financial Statements for the year ended 31[st] December 2025**
## **Financial Review**
_For ease of narrative all figures are rounded to nearest £’000, unless specifically stated._
## **Income**
Income for the year was £268,392, an increase of 9% compared to 2024 (£247,287). The majority of our income continues to be from funds raised from within our membership and congregation. Donations and legacies in 2025 amounted to £162,431 (2024: £136,241), which included £44,685 (2024: £39,628) of one off restricted donations. No wider public appeal was made for funds during the year.
The remainder of our income (£98,383) continues to come from sanctuary and room hires, alongside rent from freehold properties owned by the chapel (2024: £101,105).
## **Expenditure**
Total expenditure increased from £299,741 in 2024 to £351,561 in 2025.This is primarily due to our investment of £139,973 in the Chapel building regeneration project. This amount covered £95,993 in fees and project team costs of £43,980.
The Chapel expressed its part in the life of the wider church and world by making grants totaling £15,508, a increase of £1,690 from 2024. We continued to make a grant to the Baptist Home Mission and continued our partnership with the London City Mission. The grants were made to national and international Christian organisations and societies with Christian aims and objectives compatible wi th the Chapel’s own charitable purposes.
The Chapel is heavily dependent on its membership working as volunteers in all aspects of the Chapels activities, many of which run with little or no impact on the Chapel’s expenditure but nevertheless contribute substantially to the achievement of its own charitable objectives.
## **Net Position**
The overall position for the year ending 31 December 2025 was a net deficit of £83,169 (2024 £52,454 deficit). Our unrestricted funds stand at £298,481, split as £142,361 in general funds and £156,120 within designated funds compared to £347,736 at 2024-year end. Our restricted funds at 31 December 2025 amounted to £2,055,595 compared to £2,089,509 in 2024.
Our restricted funds include the operational and investment assets of the Chapel which account for £1,978,473 of our total restricted funds. Our operational assets are required under accounting standards (FRS102) to be held at cost.
As explained within note 10 to the financial statements, following a review of Chapel archives during the year ended 31 December 2024, the original cost of the chapel building was located at £11,577. The deemed cost estimate of the chapel building has been updated to reflect this information. No further cost information could be located for the other properties, particular the manse (1 Cerise Road). These properties remain at a "deemed cost" carrying value of the insurance restatement cost as at 31 December 2020, when accounting standard FRS102 was first adopted by the Chapel.
6
## **Rye Lane Baptist Chapel Registered Charity Number 1127787 Trustees Report and Financial Statements for the year ended 31[st] December 2025**
## **Reserves Policy**
The Trustees have established a Reserves Policy to enable the Chapel to function effectively on a day-to-day basis and meet its obligations in the event of a decline in our income or a major cost.
Having considered the relevant risks of changes in income and expenditure, the Trustees have determined that the appropriate level of reserves is between six- and nine-months unrestricted expenditure. As at 31 December 2025 this is deemed to be £120,000 and the trustees have created a specific designated reserves policy fund. The day to day running costs reserve policy has been met at 31 December 2025.
## **Future Financial Plans**
Looking forward to 2026 we have budgeted for income of £274,406 and expenditure of £259,637 with a net surplus of – £14,769 Total expenditure includes £29,602 on the building project fees £15,000 funded from the general fund and staff costs £14,602 funded from the building project restricted fund which stood at £42,163 at the end of 2024
## **Going Concern**
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorizing these financial statements. This takes into account the budgeted expenditure on the chapel building project and the trustees have resolved that the remainder of the project will progress as appropriate funds are available.
## **Legal and Administrative details**
The Chapel is situated in Peckham in Southeast London. Its correspondence address is 59A Rye Lane, London SE15 5EX, telephone number 020 7639 7098. Under the constitution, the trustees are deemed to be the Minister, Secretary, Treasurer and Deacons. The trustees who are all elected by the chapel members and have served from 1st January 2024 to the date of signing the accounts are: -
Minister – Pastor Phil Wooley
Acting Secretary - Dr Barry Evans (from 30th January 2022) Treasurer- Norma Facey (from 16th July 2016) Deacon- Garnett Garfield Miller (from 22nd November 2023) Deacon - Peggy Gosnell (from 22nd November 2023 to 22 May 2025) Deacon- Althea Wray (from 22nd November 2023) Deacon - Christopher Harding (from 22nd November 2023) Deacon - Joy Oyo (from 22nd November 2023) Deacon -Zielda Charles (from 10th October 2021) Deacon - Rupert Knight Hill (from 12th March 2011)
Reverend Phyllis Barnet and Mr Ian Bertie are Elders of the chapel and part of the pastoral team but are not trustees of the chapel.
7
## **Rye Lane Baptist Chapel Registered Charity Number 1127787 Trustees Report and Financial Statements for the year ended 31[st] December 2025**
## **Statement of trustees’ responsibilities in respect of the financial statements**
The trustees are responsible for preparing the annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards. The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity and of the incoming resources and application of resources of the charity for that period.
In preparing these financial statements, the trustees are required to:
- Select suitable accounting policies and then apply them consistently;
- Observe the methods and principles in the Charities SORP (FRS102);
- Make judgements and estimates that are reasonable and prudent;
- State whether applicable accounting standards have been followed;
- Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011.They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities
Approved by the Trustees on the 10[th] May 2026
Signed on their behalf by the Honorary Treasurer
Norma Facey
8
## **Rye Lane Baptist Chapel Registered Charity Number 1127787 Trustees Report and Financial Statements for the year ended 31[st] December 2025**
## **Independent Examiners Report to the Trustees of the Rye Lane Baptist Chapel - Charity number 1127757 (“the Chapel”)**
I report on the accounts of the Chapel, comprising the Statement of Financial Activities, Balance Sheet and related notes for the year ended 31 December 2025
## **Respective responsibilities of Trustees and examiner**
The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
Having satisfied myself that the Chapel is eligible for independent examination, it is my responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
state whether particular matters have come to my attention.
## **Basis of Independent Examiner's report**
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the trustees and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as members of the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the next statement.
## **Independent Examiner's Statement**
In connection with my examination no matter has come to my attention which gives me reasonable cause to believe that, in any material respect, the requirements:
- to keep accounting records in accordance with Section 130 of the Charities Act 2011; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the trustees as a body, in accordance with Part 4 (Regulation 31) of the Charities ( Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the trustees those matters I am required to state to them in an Independent Examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the trustees as a body, for my work or for this report.
Melanie Crooks FCA Date: 13 May 2026 Melanie Crooks Associates Limited Bellfield House Bloxwich West Midlands WS3 3NJ
9
## **Rye Lane Baptist Chapel Registered Charity Number 1127787 Trustees Report and Financial Statements for the year ended 31[st] December 2025**
## **Statement of Financial Activities for the year ended 31[st] December 2025**
|
**Notes**
Income and
endowments from
Donations and legacies
2
Other trading activities
3
Sanctuary and room
hire
4
Freehold property rents
5
Interest received
6
**Total income**
Expenditure on
Raising funds
7
Freehold property costs
8
Ministry expenditure
9
Mission expenditure
10
Grant making
11
Chapel running
expenditure
12
Chapel building
development
13
Support expenditure
14
Freehold property
depreciation
15
**Total expenditure**
**Net income /**
**(expenditure)**
**resources before**
**transfers**|**Unrestricted**
**Designated**
**Restricted**
**Total**
**Prior year**
**2025**
**2025**
**2025**
**2025**
**2024**
**funds**
**funds**
**funds**
**funds**
**total funds**
**£**
**£**
**£**
**£**
**£**
117,692
54
44,685
162,431
136,241
73
-
73
25,383
-
25,383
28,105
73,000
73,000
73,000
2,669
4,511
326
7,505
9,941|
|---|---|
||**145,815**
**77,566**
**45,011**
**268,392**
**247,287**
802
3,000
3,902
7,704
4,964
18,650
18,650
22,436
70,281
-
70,281
58,141
6,400
380
6,780
9,968
15,508
-
15,508
13,818
68,595
-
68,595
67,846
75,874
64,099
139,973
95,757
13,526 -
-
13,526
16,267
-
10,543
10,543
10,543|
||**175,112**
**97,524**
**78,924**
**351,561**
**299,741**|
||**(29,297)**
**(19,958)**
**(33,914)**
**(83,169)**
**663,212**|
10
## **Rye Lane Baptist Chapel Registered Charity Number 1127787 Trustees Report and Financial Statements for the year ended 31[st] December 2025**
## **Statement of Financial Activities for the year ended 31[st] December 2025**
|**Transfers**:
Gross transfers between
funds - in
Gross transfers between
funds - out
Other recognized gains /
losses
Gains/losses on
investment assets
Gains on revaluation,
fixed assets, charity's own
use
**Net movement in funds**
Reconciliation of funds
**Total funds brought**
**forward**
**Total funds carried**
**forward**|**Unrestricted**
**Designated**
**Restricted**
**Total**
**Prior year**
**2025**
**2025**
**2025**
**2025**
**2024**
**funds**
**funds**
**funds**
**funds**
**total funds**
**£**
**£**
**£**
**£**
**£**
54,452
97,440
151,892
997,119
(97,440)
(54,452)
(151,892)
(997,119)
-
-
-
-
715,666
-
-
-
-
-|
|---|---|
||**(72,285)**
**23,030**
**(33,914)**
**(83,169)**
**663,212**
**214,646**
**133,090**
**2,089,509**
**2,437,245**
**1,774,032 **|
||**142,361 **
**156,120**
**2,055,595**
**2,354,076**
**2,437,245**|
11
## **Rye Lane Baptist Chapel Registered Charity Number 1127787 Trustees Report and Financial Statements for the year ended 31[st] December 2025**
## **Balance Sheet as at 31[st] December 2025**
|**Notes**
**Fixed assets**
Tangible Assets
19
Investments
20
**Current assets**
Debtors
21
Cash at Bank and in Hand
22
Total current assets
**Liabilities**
Creditors: Amounts Falling Due In One Year
23
Current liabilities
Net current assets less current liabilities
Total net assets less current liabilities
Total net assets less liabilities
**Net assets**
**The funds of the charity**
Restricted income funds
Restricted property funds
Designated income funds
Unrestricted income funds
**Total funds**|**2025**
**£**
878,473
1,100,000
**1,978,473**
19,889
374,344
**394,232**
18,629
18,629
375,603
2,354,076
2,354,076
**2,354,076**
77,123
1,978,473
156,120
142,361
**2,354,076**|**2024**
**£**
889,015
1,100,000|
|---|---|---|
|||**1,989,015**
17,656
451,889|
|||**465,885**
17,656
17,656
448,229
2,437,245
2,437,245|
|||**2,437,245**|
|||100,494
1,989,015
133,090
214,646|
|||**2,437,245**|
The financial statements comprising the Statement of Financial Activities, Balance Sheet and the notes to the financial statements were approved by the trustees on 10 May 2026 and signed on its behalf by:
**Norma Facey – Treasurer**
12
## **Rye Lane Baptist Chapel Registered Charity Number 1127787 Trustees Report and Financial Statements for the year ended 31[st] December 2025**
## **Notes to the financial statements for the year ended 31st December 2025 Note 1 Accounting policies**
## **a** Basis of preparation
The financial statements of the chapel, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## Going Concern
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorizing these financial statements. This takes into account the budgeted expenditure on the chapel building project and the trustees have resolved that the remainder of the project will progress as appropriate funds are available.
## b Income recognition
All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably, and it is probable that the income will be received.
## c Donations
Donations are accounted for gross when received. Gifts in kind are recognized when receivable and are included at fair value.
## d Legacies
Legacies are accounted for when probate has been completed, the amount of the legacy can be reliably quantified, and the conditions of the legacy are within the control of the Chapel.
## e Investment Income
Investment income is included in the accounts in the year in which it is receivable.
## f Expenditure recognition
All expenditure is accounted for on an accrual's basis. Expenditure is recognized where there is a legal or constructive obligation to make payments to third parties, it is probable that settlement will be required, and the amount of the obligation can be measured reliably.
g Costs of raising funds
The costs of raising funds have not been significant to date, consisting of predominantly giving envelopes and payment card processing costs.
13
## **Rye Lane Baptist Chapel Registered Charity Number 1127787 Trustees Report and Financial Statements for the year ended 31[st] December 2025**
## **Notes to the financial statements for the year ended 31st December 2025 Note 1 Accounting policies**
## h Grants payable
The Chapel gives grants to other organizations whose charitable objects complement its work. They are accounted for when the recipient has been notified of the grant and payment is unconditional.
## i Support costs
Support costs are those that assist the work of the Chapel but do not directly represent charitable activities and include office costs and governance cost. For simplicity's sake support costs are pro rata over all expenditure headings according to their value. Most of the management of the Chapel is carried out without charge by volunteers„ This intangible cost is not included in the Statement of Financial Activities since there is no measurable cost to the volunteers for their service.
## j Tangible Fixed assets
Tangible fixed assets are capitalized if they can be used for more than one year and cost at least £l,000. They are initially recognized at cost, or for donated assets, at a reasonable estimate of their value on receipt.
Freehold properties which are used in the day-to-day mission of the Chapel ( The chapel, 1 and 2 Cerise Road) are included at original cost (where known) or deemed cost by reference to insurance rebuilding cost valuations where the original cost is unknown.
Properties are held on trust by the London Baptist Properties Board the terms of which are that if a nonmarket value property is disposed of the proceeds should be restricted to the repair, refurbishment, extension, replacement or rebuilding of the premises. Accordingly, the carrying value of the properties has been accounted for in a restricted freehold property fund.
## k Investment Properties
In accordance with FRS102, investment properties are carried at their fair value- this is considered by the trustees annually. If an asset changes category in the period under view then a professional valuation is undertaken as the property changes category. Investment properties are externally professionally valued every 5 years. No depreciation is provided on investment properties.
## l Depreciation
Depreciation is provided on all fixed assets, other than freehold land, to write off the cost on a straight-line basis over their expected useful life, at the following rates:
|Freehold land|Nil|
|---|---|
|Buildings (except Chapel)|1%|
|Sanctuary (2003)|2%|
|Furniture and fittings|10%|
|Computers and equipment|33%|
No depreciation is provided for on the original cost of the Chapel as any provision (annual or cumulative) would not be material, due to the very long expected remaining useful life and because the expected residual value is not materially less than its carrying value.
14
## **Rye Lane Baptist Chapel Registered Charity Number 1127787 Trustees Report and Financial Statements for the year ended 31[st] December 2025**
## **Notes to the financial statements for the year ended 31st December 2025 Note 1 Accounting policies**
## m Funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the trustees for specific purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been -raised by the charity for specific purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. The principal restricted fund is the freehold property fund where all of the chapel properties held on trust by the London Property Board are accounted for.
## n Employee benefits
The charity operates a defined contribution plan for its employees A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payment obligations. The contributions are recognized as an expense when they are due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in an independently administered fund.
Prior to 2012 pension provision was made through multi-employer defined benefit pension plans. Where it is not possible for the charity to obtain sufficient information to enable it to account for a plan as a defined benefit plan, it accounts for the plan as a defined contribution plan.
Where the plan is in deficit and where a charity has agreed, with the plan, to participate in a deficit funding arrangement, the charity recognizes a liability for this obligation. The amount recognized is the net present value of the arrangement, the charity recognizes a liability for this obligation, The amount recognized is the net present value of the contributions payable under the agreement that relate to the deficit. The unwinding of the discount is recognized as a finance cost and any other change in the measurement of this liability is expensed to the Statement of Financial Activities.
15
## **Rye Lane Baptist Chapel Registered Charity Number 1127787 Trustees Report and Financial Statements for the year ended 31[st] December 2025**
**Notes to the financial statements for the year ended 31st December 2025**
|**Income and endowments from**
**Note 2 Donations and legacies**
Weekly envelopes
Loose plate collections
Loose plate collections at funerals
Barclays Bank tithing
Empowered donations
Stripe donations
Sum-up Donations
Translation equipment donations
Gift Aid
Chapel Regeneration Project Gift Aid
Refugee Fund Donations
Donations
Donations from Funerals
Chapel Regeneration Project Donations
Mission Fund Gift Aid
Other
Women's Ministry Fund Donations
**Donations and legacies Totals**|**General**
**Designated**
**Restricted**
**Total**
**Total**
**2025**
**2025**
**2025**
**2025**
**2024**
**Fund**
**Fund**
**Fund**
**Fund**
**Fund**
**£**
**£**
**£**
**£**
**£**
10,566
-
-
**10,566**
13,570
23,533
-
-
**23,533**
17,699
-
-
-
**-**
1,268
50,969
-
-
**50,969**
44,529
-
-
-
**-**
50
10,909
-
-
**10,909**
3,988
3,840
54
-
**3,894**
-
-
-
-
**-**
1,400
15,199
-
356
**15,555**
8,208
-
-
1,483
**1,483**
7,512
-
-
-
**-**
225
1,423
-
-
**1,423**
7,194
550
-
-
**550**
-
-
-
42,628
**42,628**
30,330
-
-
-
**-**
0
704
-
-
**704**
269
-
-
219
**219**
-|
|---|---|
||**117,692**
**54**
**44,685**
**162,431**
**136,241**|
Included within the Chapel Regeneration Project donations is £6,056 that represents the fair value of the in-kind donation of electrical works given to the Chapel by a building contractor.
16
## **Rye Lane Baptist Chapel Registered Charity Number 1127787 Trustees Report and Financial Statements for the year ended 31[st] December 2025**
**Notes to the financial statements for the year ended 31st December 2025**
|**Income and endowments from**
**Note 3 Other trading activities**
Photocopier
**Other trading activities Totals**
**Note 4 Sanctuary and room hires**
Funeral Directors
Vida y Familia Church Hire
True Sharp VCV Church
Hall hire
Sanctuary Hire
NHS Mobile blood sessions
Kilo Architects Ltd room Hire
**Sanctuary and room hires Totals**
**Note 5 Freehold property rents**
Flat rent
Shop rent
2 Cerise Rents
2 Cerise Road Mission Voids
**Freehold property rents Totals**
**Note 6 Interest received**
Deposit Account Interest
LBPB Interest
**Interest received Totals**
**Income and endowments grand totals**|**General**
**Designated**
**Restricted**
**Total**
**Total**
**2025**
**2025**
**2025**
**2025**
**2024**
**Fund**
**Fund**
**Fund**
**Fund**
**Fund**
**£**
**£**
**£**
**£**
**£**
73
-
-
**73**
-
**73**
**-**
**-**
**73**
**-**
375
-
-
**375**
1,920
3,150
-
-
**3,150**
1,750
8,400
-
-
**8,400**
8,400
6,383
-
-
**6,383**
7,765
1,105
-
-
**1,105**
250
2,970
-
-
**2,970**
7,020
3,000
-
-
**3,000**
1,000|
|---|---|
||**25,383**
**-**
**-**
**25,383**
**28,105**
-
18,000
-
**18,000**
18,000
-
43,000
-
**43,000**
43,000
-
24,000
-
**24,000**
24,000
-
12,000
-
**-12,000**
-12,000|
||**-**
**73,000**
**-**
**73,000**
**73,000**
2,669
484
326
**3,478**
5,094
-
4,028
-
**4,028**
4,847|
||**2,669**
**4,511**
**326**
**7,505**
**9,941**|
||**145,815**
**77,566**
**45,011**
**268,392**
**247,287**|
17
**Rye Lane Baptist Chapel Registered Charity Number 1127787 Trustees Report and Financial Statements for the year ended 31[st] December 2025**
**Notes to the financial statements for the year ended 31st December 2025**
|**Expenditure on:**
**Note 7 Raising funds**
CRP Fundraising
Hall hire caretaking
Hubb website subscription
Gift Aid Administration
Stripe Processing Costs
Sum-up processing costs
**Raising funds Totals**
**Note 8 Freehold property costs**
2 Cerise Road Gas
2 Cerise Road Electricity 352507
Flat Repairs
2 Cerise Road Insurance
Shop Insurance
Flat Insurance
2 Cerise Road Sundries
2 Cerise Road Repairs
2 Cerise Road Garden Waste
2 Cerise Rd Council Tax
Shop Legal Fees
Shop and Flat Investment Valuation
**Freehold property costs Totals**|**General**
**Designated**
**Restricted**
**Total**
**Total**
**2025**
**2025**
**2025**
**2025**
**2024**
**Fund**
**Fund**
**Fund**
**Fund**
**Fund**
**£**
**£**
**£**
**£**
**£**
-
3,000
3,902
**6,902**
3,000
50
-
-
**50**
-
405
-
-
**405**
396
3
-
-
**3**
1,480
277
-
-
**277**
88
67
-
-
**67**
-|
|---|---|
||**802**
**3,000**
**3,902**
**7,704**
**4,964**
-
1,381
-
**1,381**
1,353
-
4,939
-
**4,939**
3,791
-
80
-
**80**
7,477
-
860
-
**860**
598
-
863
-
**863**
598
-
753
-
**753**
596
-
-
-
**-**
71
-
1,849
-
**1,849**
1,263
-
84
-
**84**
80
-
1,869
-
**1,869**
1,783
-
1,200
-
**1,200**
1,527
-
4,773
-
**4,773**
3,300|
||**-**
**18,650**
**-**
**18,650**
**22,436**|
18
## **Rye Lane Baptist Chapel Registered Charity Number 1127787 Trustees Report and Financial Statements for the year ended 31[st] December 2025**
**Notes to the financial statements for the year ended 31st December 2025**
|**Expenditure on:**
**Note 9 Ministry expenditure**
Ministers Stipend
Minister BU Live DC Pension Scheme
Closed BU DB Pension Scheme deficit contributions from
1st August 2022
Ministers expenses
Ministers Mobile Phone and Travel Expenses
Ministers Development
Music Director
CCLI license
Music - materials
Visiting Speaker
Manse Council Tax
Upkeep of Services
Manse Insurance
Manse Repairs - 1 Cerise Road
Sunday School and Youth Ministry
Women’sMinistry
Media Day to Day
Affiliations
**Ministry expenditure Totals**|**General**
**Designated**
**Restricted**
**Total**
**Total**
**2025**
**2025**
**2025**
**2025**
**2024**
**Fund**
**Fund**
**Fund**
**Fund**
**Fund**
**£**
**£**
**£**
**£**
**£**
33,005
-
-
**33,005**
31,920
4,075
-
-
**4,075**
2,708
-
-
-
**-**
10
2,419
-
-
**2,419**
663
1,612
-
-
**1,612**
1,234
450
-
-
**450**
2,551
3,460
-
-
**3,460**
-
330
-
-
**330**
1,296
1,963
-
-
**1,963**
-
150
-
-
**150**
1,162
1,869
-
-
**1,869**
1,783
800
-
-
**800**
609
860
-
-
**860**
598
14,551
-
-
**14,551**
2,763
1,201
-
-
**1,201**
817
273
-
-
**273**
80
80
-
-
**80**
1,123
3,183
-
-
**3,183**
8,827|
|---|---|
||**70,281** **-**
**-**
**70,281**
**58,141**|
19
## **Rye Lane Baptist Chapel Registered Charity Number 1127787 Trustees Report and Financial Statements for the year ended 31[st] December 2025**
**Notes to the financial statements for the year ended 31st December 2025**
|**General**|**Designated**|**Restricted**|**Total**|**Total**|
|---|---|---|---|---|
|**2025**|**2025**|**2025**|**2025**|**2024**|
|**Fund**|**Fund**|**Fund**|**Fund**|**Fund**|
|**£**|**£**|**£**|**£**|**£**|
## **Expenditure on:**
## **Note 10 Mission expenditure**
|**Note 10 Mission expenditure**||
|---|---|
|Help in Need Fund Expenditure
Discipleship Programme
Life Group
Empowered
Refugee Fund Expenditure
World Vision
Celebration Gifts
Friday Outreach
Mission sundries
Weddings and Funerals
**Mission expenditure Totals**
Mission Support Team
Home Mission (BU) Expenditure
London City Mission
**Grant making Totals**|-
-
-
**-**
221
151
-
-
**151**
1,000
-
-
-
**-**
237
63
-
-
**63**
595
-
-
380
**380**
3,500
664
-
-
**664**
586
176
-
-
**176**
683
1,925
-
-
**1,925**
-
1,495
-
-
**1,495**
2,046
1,927
-
-
**1,927**
1,100|
||**6,400**
**-**
**380**
**6,780**
**9,968**
8,650
-
-
**8,650**
7,840
4,700
-
-
**4,700**
4,450
2,158
-
-
**2,158**
1,528|
||**15,508**
**-**
**-**
**15,508**
**13,818**|
20
## **Rye Lane Baptist Chapel Registered Charity Number 1127787 Trustees Report and Financial Statements for the year ended 31[st] December 2025**
**Notes to the financial statements for the year ended 31st December 2025**
|**Expenditure on:**
**Note 12 Chapel running expenditure**
Facilities Officer
Facilities Officer Pension
Cleaning
Non contract cleaning
Chapel gas
Chapel - electricity 352310 352349
Chapel insurance
All Bldgs. - Water
Chapel Repairs
Corgi Gas Appliance Inspections
Equipment
Building Protection
Verisure Alarm
**Chapel running expenditure Totals**|**General**
**Designated**
**Restricted**
**Total**
**Total**
**2025**
**2025**
**2025**
**2025**
**2024**
**Fund**
**Fund**
**Fund**
**Fund**
**Fund**
**£**
**£**
**£**
**£**
**£**
9,965
-
-
**9,965**
9,421
399
-
-
**399**
754
9,700
-
-
**9,700**
8,496
845
-
-
**845**
304
9,093
-
-
**9,093**
7,763
8,557
-
-
**8,557**
9,729
10,467
-
-
**10,467**
10,742
2,155
-
-
**2,155**
1,590
12,413
-
-
**12,413**
13,247
-
-
-
**-**
1,262
504
-
-
**504**
969
3,320
-
-
**3,320**
2,395
1,178
-
-
**1,178**
1,175|
|---|---|
||**68,595**
**-**
**-**
**68,595**
**67,846**|
21
## **Rye Lane Baptist Chapel Registered Charity Number 1127787 Trustees Report and Financial Statements for the year ended 31[st] December 2025**
**Notes to the financial statements for the year ended 31st December 2025**
|**Expenditure on:**
**Note 13 Chapel building development**
Fundraising Fees
CRP Support Officer Payroll
CRP Project Support Officer Pens
CRP Professional Fees
CRP Chapel Regeneration Project
CRP Hospitality/Catering
CRP Publicity
CRP Fundraising Payroll
CRP Fundraising Pens
CRP Fundraising Stationery
CRP Stationery
**Chapel building development Totals**|**General**
**Designated**
**Restricted**
**Total**
**Total**
**2025**
**2025**
**2025**
**2025**
**2024**
**Fund**
**Fund**
**Fund**
**Fund**
**Fund**
**£**
**£**
**£**
**£**
**£**
-
-
-
**-**
8,396
-
-
21,192
**21,192**
-
-
-
842
**842**
-
-
75,874
2,633
**78,507**
87,111
-
-
16,724
**16,724**
-
-
-
153
**153**
-
-
-
-
**-**
250
-
-
21,104
**21,104**
-
-
-
842
**842**
-
-
-
589
**589**
-
-
-
20
**20**
-|
|---|---|
||**-**
**75,874**
**64,099**
**139,973**
**95,757**|
22
## **Rye Lane Baptist Chapel Registered Charity Number 1127787 Trustees Report and Financial Statements for the year ended 31[st] December 2025**
**Notes to the financial statements for the year ended 31st December 2025**
|**Expenditure on:**
**Note 14 Support expenditure**
Training
Telephone - 8120
Telephone - 7098
Volunteering Costs
Zoom Licenses
Photocopier lease and consumables
Health and Safety
Financial Management
Payroll Processing Costs
Church suite License
Sundries
Stationery
Postage
Hospitality
Governance - Independent examination
**Support expenditure Totals**
**Note 15 Freehold property depreciation**
Depreciation on renovation of sanctuary
Depreciation of freehold property
**Freehold property depreciation Totals**
**Expenditure grand totals**|**General**
**Designated**
**Restricted**
**Total**
**Total**
**2025**
**2025**
**2025**
**2025**
**2024**
**Fund**
**Fund**
**Fund**
**Fund**
**Fund**
**£**
**£**
**£**
**£**
**£**
1,167
-
-
**1,167**
1,146
1,458
-
-
**1,458**
1,308
661
-
-
**661**
623
-
-
-
**-**
7
314
-
-
**314**
265
1,603
-
-
**1,603**
1,395
79
-
-
**79**
484
2,040
-
-
**2,040**
2,392
65
-
-
**65**
291
215
-
-
**215**
-
2,475
-
-
**2,475**
4,324
79
-
-
**79**
-
88
-
-
**88**
236
1,281
-
-
**1,281**
1,795
2,000
-
-
**2,000**
2,000|
|---|---|
||**13,526**
**-**
**-**
**13,526**
**16,267**
-
-
1,882
**1,882**
1,882
-
-
8,661
**8,661**
8,661|
||**-**
**-**
**10,543**
**10,543**
**10,543**|
||**175,112**
**97,524**
**78,924**
**351,561**
**299,741**|
23
## **Rye Lane Baptist Chapel Registered Charity Number 1127787 Trustees Report and Financial Statements for the year ended 31[st] December 2025**
**Notes to the financial statements for the year ended 31st December 2025**
**Note 16 Support expenditure allocation**
|**2025**
Direct
%
Charitable
Alloc'n
Expenditure
£
Raising funds
**7,705**
Freehold property costs
**18,650**
Ministry
**70,281**
80%
Mission
**6,780**
Grant making
**15,508**
Chapel running
**68,595**
15%
Chapel building
development
**133,917**
5%
**321,436**
**Note 17 Income for the year**
**2025**
£
Net income for the year is
stated after
charging (crediting)
Independent examination
**2,000**|2024
Allocated
Direct
%
Support
Charitable
Alloc'n
Costs
Expenditure
£
£
4,964
22,436
**10,821**
58,141
80%
9,968
13,818
**2,029**
67,846
15%
**676**
95,757
5%
**13,526**
**272,930**
2024
£
2,000|Allocated
Support
Costs
£
13,014
2,440
813|
|---|---|---|
|||**16,267**|
24
**Rye Lane Baptist Chapel Registered Charity Number 1127787 Trustees Report and Financial Statements for the year ended 31[st] December 2025**
**Notes to the financial statements for the year ended 31st December 2025**
**Note 18 Staff costs and trustee expenses**
|Salaries
Gross salaries
Employers
pension
contributions|**2025**
**£**
**85,266**
**6,158**
**91,424**|2024
£
41,341
3,462|
|---|---|---|
|||44,803|
The average number of employees during the year was 3 (2024:1). The minister is not recognized as an employee but as an office holder.
No employee received total emoluments in excess of £60,000 during the year.
No Employer National Insurance contributions were payable within the year and the prior year due to receipt of HMRC’s Employer’s Allowance towards national insurance contributions.
The key management personnel of the Chapel are deemed to be the Minister, Secretary and Treasurer. Only the
Minister is renumerated. The Minister acts as one of the Chapel's trustees in accordance with the Trust deed and received a stipend of £33,005 (2024: £31,920) and other benefits in respect of his services as Minister, including the provision of manse accommodation owned by the chapel amounting to £4,074 (2024: £3,017).
No trustees in either 2025 or 2024 claimed reimbursement of personal expenses from the chapel; however, trustees do purchase goods and services on its behalf which they personally pay for and are reimbursed by the Chapel. £6,911 was reimbursed to 7 trustees in 2025 and £17,571 to 7 trustees in 2024
25
## **Rye Lane Baptist Chapel Registered Charity Number 1127787 Trustees Report and Financial Statements for the year ended 31[st] December 2025**
## **Notes to the financial statements for the year ended 31st December 2025**
## **Note 19 Tangible fixed assets**
|**ote 19 Tangible fixed assets**||
|---|---|
|**Cost/ Deemed cost as at 1 January**
**2025**
Cost as at 31 December 2025
**Accumulated Depreciation**
At 1 January 2025
Depreciation for the year
**As at 31 December 2025**
Net Book Value 31 December 2024
**Net Book Value 31 December 2025**|**Manse**
**House**
**Equipment**
**Sanctuary**
**Total**
**1 Cerise Road**
**2 Cerise**
**Road**
**£**
**£**
**£**
**£**
**£**
463,200
402,896
10,125
94,096
981,894|
||**463,200**
**402,896**
**10,125**
**94,096**
**981,894**
23,121
20,112
10,125
39,520
92,878
4,632
4,029
1,882
8,661|
||**27,753**
**24,141**
**10,125**
**41,402**
**62,019**
440,079
382,783
54,576
889,015|
||**435,447**
**378,755**
**0**
**52,694**
**878,473**|
Following a review of Chapel archives during the year ended 31 December 2024, the original cost of the chapel building was located at £11,577. The deemed cost estimate of the chapel building has been updated to reflect this information. No further cost information could be located for the other properties, particular the manse (1 Cerise Road). These properties remain at a "deemed cost" carrying value of the insurance restatement cost as at 31 December 2020, when accounting standard FRS102 was first adopted by the Chapel.
All properties are held within the Chapel’s restricted funds, with the equipment within the designated fund.
26
## **Rye Lane Baptist Chapel Registered Charity Number 1127787 Trustees Report and Financial Statements for the year ended 31[st] December 2025**
**Notes to the financial statements for the year ended 31st December 2025**
**Note 20 Investment property**
|At fair value:
As at 1 January 2025
**As at 31 December**
**2025**|**Shop/**
**Flat**
1,100,000|
|---|---|
||**1,100,000**|
The property at 59 Rye Lane was transferred from fixed assets to investment property during the year ended 31 December 2024. The Trustees considered that this change in classification better reflected its purpose for the charity.. Upon transfer to investment property classification, the property was revalued to fair value. This is based on an external professional valuation undertaken by Adam Harvey, MRICS of Rapleys LLP. The valuation report is dated 24 March 2025, however the trustees consider that this is a reasonable approximation of fair value as at 31 December 2024. The property will next be externally professionally valued in 5 years’ time and in the meantime, it will be reviewed by the trustees on an annual basis.
The investment property is held within the restricted funds of the Chapel.
27
## **Rye Lane Baptist Chapel Registered Charity Number 1127787 Trustees Report and Financial Statements for the year ended 31[st] December 2025**
**Notes to the financial statements for the year ended 31st December 2025**
|**Note 21 Debtors**
Trade debtors
HMRC Gift Aid
Prepayments
**Total**
**Note 22 Bank and cash balances**
Barclays premier deposit account
London Baptist Property Board
deposit
Barclays current account
Stripe payments bank account
Petty cash
**Total**
**Note 23 Creditors**
Trade Creditors
Other creditors
**Total**|**2025**
**2024**
**£**
**£**
**4,679**
-
**1,366**
135
**13,843**
13,862|
|---|---|
||**19,888**
**13,996**|
||**221,965**
315,893
**128,875**
124,847
**23,484**
11,021
**20**
-
128|
||**374,344**
**451,889**|
||**1,206**
1,438
**17,423**
16,217|
||**18,629**
**17,655**|
28
## **Rye Lane Baptist Chapel Registered Charity Number 1127787 Trustees Report and Financial Statements for the year ended 31[st] December 2025**
## **Notes to the financial statements for the year ended 31st December 2025 Note 24 Movement of funds**
|**Fund**
**Unrestricted**
General - General Fund
**Sub-totals**
**Designated**
2 Cerise Road - 2 Cerise Road
Building - Building Project
Flat - Flat 59 Rye Lane
Reserves Policy - Reserves Policy
Shop - Shop 59 Rye Lane
**Sub-totals**
**Restricted**
Building - Building Project
Freehold Property - Freehold
Property
Ref - Refugee
Trans - Translation Equipment
Women's Ministry - Women's
Ministry
Youth Ministry - Youth Ministry
**Sub-totals**
**Total Funds**|**Fund**
**balances** **Incoming** **Outgoing**
**Transfers**
**Gains**
**and**
**Journal**
**Fund**
**balances**
**brought**
**forward** **Resources** **Resources**
**Losses**
**Entries**
**Carried**
**forward**
214,646
145,815
175,112
(42,988)
-
-
**142,361**|
|---|---|
||**214,646**
**145,815**
**175,112**
**(42,988)**
**-**
**-**
**142,361**
-
12,054
10,981
(1,121)
-
-
**-48**
8,243
484
78,874
97,440
-
-
**27,293**
-
18,000
833
(17,167)
-
-
**-**
124,847
4,028 -
-
-
-
**128,875**
-
43,000
6,836
(36,164)
-
-
**-**|
||**133,090**
**77,566**
**97,524**
**42,988**
**-**
**-**
**156,120**
65,475
44,689
68,001
-
-
-
**42,163**
1,989,015
-
10,543
-
-
- **1,978,473**
3,107
-
380
-
-
-
**2,727**
550
-
-
-
-
-
**550**
-
219
-
-
-
-
**219**
31,362
102
-
-
-
-
**31,464**|
||**2,089,509**
**45,011**
**78,924**
**-**
**-**
**-** **2,055,595**|
||**2,437,245**
**268,392**
**351,561**
**-**
**-**
**-** **2,354,076**|
29
## **Rye Lane Baptist Chapel Registered Charity Number 1127787 Trustees Report and Financial Statements for the year ended 31[st] December 2025**
## **Notes to the financial statements for the year ended 31st December 2025 Note 25 Transfers between funds**
1 £97,440 From General to Designated Building Project to fund expected expenditure during 2025
2 End of year annual transfers from designated funds to general fund
|2 Cerise||
|---|---|
|Road|£1,121|
|Flat 59 Rye||
|Lane|£17,167|
|Shop 59||
|Rye Lane|£36,164|
## **Note 26 Prior year movement of funds (2024)**
|**Fund**
**Unrestricted**
General - General Fund
**Designated**
2 Cerise Road - 2 Cerise Road
Building - Building Project
Flat - Flat 59 Rye Lane
Reserves Policy - Reserves Policy
Shop - Shop 59 Rye Lane
**Sub-total**|**Fund**
**balances** **Incoming**
**Outgoing**
**Transfers**
**Gains**
**and**
**Fund**
**balances**
**brought**
**forward** **Resources** **Resources**
**Losses**
**Carried**
**forward**
**301,454**
**129,812**
**(160,184)**
**(56,436)**
-
**214,646**
-
12,000
(8,939)
(3,062)
**-**
-
(98,757)
107,000
**8,243**
-
18,000
(9,173)
(8,827)
**-**
120,000
4,847
**124,847**
-
43,000
(4,325)
(38,675)
**-**|
|---|---|
||**120,000**
**77,847**
**(121,194)**
**56,436**
**133,090**|
30
## **Rye Lane Baptist Chapel Registered Charity Number 1127787 Trustees Report and Financial Statements for the year ended 31[st] December 2025**
**Notes to the financial statements for the year ended 31st December 2025 Note 26 Prior year movement of funds**
|**Fund**
Restricted
BLPFRUN - Bldg Proj Fundraising
Building - Building Project
Freehold Property - Freehold Property
Ref - Refugee
Trans - Translation Equipment
Youth Ministry - Youth Ministry
Legacy - Legacy
Mission - Mission Fund
Bookstall - Bookstall Fund
Help - Help In Need Fund
Gifts & Donations - Gifts & Donations
**Sub-total**
**Total funds**|**Fund**
**balances** **Incoming**
**Outgoing**
**Transfers**
**Gains**
**and**
**Fund**
**balances**
**brought**
**forward** **Resources** **Resources**
**Losses**
**Carried**
**forward**
12,625
-
(12,625)
25,347
-
40,128
**65,475**
1,283,893
-
10,543
715,666**1,989,015**
6,362
245
3,500
**3,107**
1,400
850
**550**
31,362
**31,362**
27,503
(27,503)
2,618
11
2,629
147
147
492
492
201
201|
|---|---|
||**1,352,578**
**39,628**
**18,363**
**715,666** **2,089,509**|
||1,774,032
247,287
299,741
715,666**2,437,245**|
31
## **Rye Lane Baptist Chapel Registered Charity Number 1127787 Trustees Report and Financial Statements for the year ended 31[st] December 2025**
## **Notes to the financial statements for the year ended 31st December 2025 Note 27 Prior year transfers between funds**
£107,000 From General to Designated Building Project to fund expected expenditure during 2024
End of year annual transfers from designated funds to general fund
2 Cerise Road £3,061
Flat 59 Rye Lane £8,827 Shop 59 Rye Lane £38,675 £12,625 from Restricted Building Project Fundraising Fund to Restricted Building Project Fund to fund expenditure during 2024
£27,503 from Restricted Legacy Fund to Building Project Restricted Fund to fund expenditure during 2024
32
## **Rye Lane Baptist Chapel Registered Charity Number 1127787 Trustees Report and Financial Statements for the year ended 31[st] December 2025**
## **Notes to the financial statements for the year ended 31st December 2025 Note 28 Analysis of net assets**
|Unrestricted funds per balance sheet
Designated funds per balance sheet
Restricted funds per balance sheet
**Note 29 Prior year analysis of net assets**
Prior year analysis of net assets
Unrestricted funds per balance sheet
Designated funds per balance sheet
Restricted funds per balance sheet|**31 December 2025**
**Fixed**
**Net**
**Total**
**Current**
**Assets**
**Assets**
**Assets**
**£**
**£**
**£**
142,360
**142,360**
156,120
**156,120**
1,978,473
77,123
**2,057,695**|
|---|---|
||1,978,473
**374,469**
**2,354,076**
**31 December 2024**
**Fixed**
**Net**
**Total**
**Current**
**Assets**
**Assets**
**Assets**
**£**
**£**
**£**
214,646
**214,646**
133,090
**133,090**
1,989,015
100,494
**2,089,509**|
||**1,989,015**
**448,230**
**2,437,245**|
33
## **Rye Lane Baptist Chapel Registered Charity Number 1127787 Trustees Report and Financial Statements for the year ended 31[st] December 2025**
## **Notes to the financial statements for the year ended 31st December 2025 Note 30 Prior Year Statement of Financial Activities**
|Income and endowments from
Donations and legacies
Sanctuary and room hires
Freehold property rents
Interest received
**Total income**
Expenditure on
Raising funds
Freehold property costs
Ministry expenditure
Mission expenditure
Grant making
Chapel running expenditure
Chapel building development
Support expenditure
Freehold property depreciation
**Total expenditure**
**Net income / (expenditure)**|**Unrestricted** **Designated** **Restricted**
**Total**
**Prior year**
**funds**
**funds**
**funds**
**funds**
**total funds**
**2024**
**2024**
**2024**
**2024**
**2023**
96,613
-
39,628
**136,241**
122,341
28,105
-
-
**28,105**
33,318
-
73,000
-
**73,000**
66,827
5,094
4,847
-
**9,941**
7,403|
|---|---|
||**129,812**
**77,847**
**39,628**
**247,287**
**229,889**
1,962
3,000
2
**4,964**
1,489
-
22,436
-
**22,436**
13,062
57,242
-
899
**58,141**
56,906
3,898
-
6,070
**9,968**
3,902
13,818
-
-
**13,818**
17,201
66,996
-
850
**67,846**
79,535
-
95,757
-
**95,757**
31,549
16,267
-
-
**16,267**
11,375
-
-
10,543
**10,543**
14,546|
||**160,184**
**121,193**
**18,363**
**299,741**
**229,566**
**(30,372)**
**(43,346)**
**736,931**
**663,212**
**322**|
34
## **Rye Lane Baptist Chapel Registered Charity Number 1127787 Trustees Report and Financial Statements for the year ended 31[st] December 2025**
## **Notes to the financial statements for the year ended 31st December 2025 Note 30 Prior Year Statement of Financial Activities**
|**Transfers:**
Gross transfers between funds - in
Gross transfers between funds - out
**Other recognized gains / losses:**
Gains/losses on investment assets
Gains on revaluation, fixed assets, charity's own
use
Net movement in funds
**Reconciliation of funds:**
Total funds brought forward
Total funds carried forward|**Unrestricted** **Designated** **Restricted**
**Total**
**Prior year**
**funds**
**funds**
**funds**
**funds**
**total funds**
**2024**
**2024**
**2024**
**2024**
**2023**
**96,492**
**781,923**
**118,704**
**997,119**
78,197
**(152,928)**
**(725,487)**
**(118,704)**
**(997,119)**
(78,197)
**-**
**-**
**715,666**
**715,666**
-
**-**
**-**
**-**
**-**
(7,927,940)|
|---|---|
||**(86,808)**
**13,090**
**736,931**
**663,212**
(7,927,618)
**301,454**
**120,000**
**1,352,578**
**1,774,032**9,701,650
**214,646**
**133,090**
**2,089,509**
**2,437,245**1,774,032|
35
**Rye Lane Baptist Chapel Registered Charity Number 1127787 Trustees Report and Financial Statements for the year ended 31[st] December 2025**
**Notes to the financial statements for the year ended 31st December 2025 Note 31 Pensions**
At the end of June 2022, the Baptist Pension Scheme signed an agreement with the insurance company Just
Group (‘Just’) to secure members’ pension benefits under the Defined Benefit (‘DB’) Plan. As a result, the
Scheme no longer has a shortfall. A revised statement of contributions was approved with deficit contributions
from each participating employer in the DB Plan reducing to just £1 per month from August 2022. See
www.baptist.org.uk/pensions for more details. The Chapel has now offered membership the Baptist Union
Defined Contribution Pension Scheme to its paid ministry.
Non ministry staff are offered the opportunity to join the NEST defined contribution pension scheme.
## **Note 32 Related Charities**
The custodian trustee of the chapel is the Baptist Union Corporation Limited which is charity number 249635, and is controlled by the Baptist Union Council, the chapel is also a member of the Baptist Union of Great Britain, and the London Baptist Association. Transactions between the chapel and its related charities during the year were annual membership fees of £577 and £587 (2024 £586 and £587).
36
## **Rye Lane Baptist Chapel Registered Charity Number 1127787 Trustees Report and Financial Statements for the year ended 31[st] December 2025**
## **Notes to the financial statements for the year ended 31st December 2025 Note 33 Related Party Transactions**
A trustee, Althea Wray is a director of Water II Wine Ministries Limited to whom the chapel paid a subscription totaling £3,240 for the year ended 31 December 2025 (2024 £3,165). No amounts were outstanding at the year-end date. Althea Wray was also paid £1,141 for provision of music support services during the year. No amounts were outstanding at the year-end date. During 2025 7 trustees donated £9,944 to the chapel (2024 £34,236 7 trustees). No trustees in either 2025 or 2024 claimed reimbursement of personal expenses from the chapel, however trustees do purchase goods and services on behalf of the chapel which they personally pay and are reimbursed by the chapel. £6,911 was reimbursed to 7 trustees in 2025 and £17,751 to 7 trustees in 2024.
## **Note 34 Operating lease commitments**
As of 31 December 2025, the Chapel was committed to making the following payments under noncancellable
operating lease commitments
**2025 2024 £ £** Photocopier 684 684
37