SPALDING BAPTIST CHURCH CIL4RITY COMMISSION REGISTERED NO. 1130326 sTATEmE'T OF ACCOUNTS for the year ended 31ST DECEMBER 2025
SPALDILNG BAPTIST CHURCH CHARITY INFORLIL4TION AS AT31ST DECEMBER 2025 Regisiered Addr¢ss Swan Street Spalding PEII IBT Trustees Rev'd Karen Smilley (Chair) Dianc Clay (Chur¢h Secrctary) Marian Boxall (Treasurer} John Chester- Retired on 25th March 2025 Gordon Gi>oding- Retired on 25th March 2025 Carol Grief Mark Rogers Gordon Green Kevin Granfville - Retired on 25th March 2025 Ricki Kendall - Appoint¢d on 25th March 2025 Pttge '. I
SPALDING BAPTIST CHURCH TRisSTEES REPORT FOR THE YEAR ENDED T DECEMBER 2025 GovernaDce and Management The charity was established by Declar&tion of Trust, and is registered with the Charity Commission, Number 1130326. Charity Truslees are appointed by the Members at an Ordinary Church Members Meeting for a three-year tern). All Members of the age of 21 or over and who meet the necessary requirements are eligible to be nominated for eleclion by the church Members. A close family member of a serving Trustee is not eligible for appointmeiit. Objecttves and ActiTrities The objectives of the Charity are the advancement of the Christian Faith according to the principles of the Baptist deiiomination. The Trustees consider that th¢ objectiv¢s and kctivities of the Charity are in ac¢ordance with th¢ Charity Commission's general guidance on public benefit. Activities and Achievejnents Spalding Baptist Church remains in a financially stable condition ai the end of 2025, due muinly to the generous support of our church fellowship. We are also grateful to the many volunleers who have given their time, energy and tal¢nts to ensure that the church runs smoothly and d¢velops. The year saw us bidding a sad fwell to Debbie Clarke, our Childreii, Youth and Families Worker. as sh¢ moved on to pastures iiew. However, despite having to close a couple of our or88nisations, most of the work lias continued and is flourishing. New Ministry Leaders, covering various aspects of churchlife, have been appointed and we Mow have a very strong Leadership Team: led by our Pastor, Revd. Karen Smilley, working hard to advance the work of the church and to spread the lov¢ of Jesus in our community. Our two Inain community projects, Wann Welcome and Baby Essei)tials, are flourisliing and w¢ are truly grateful for all the support that they receive. 2026 promises to be anot]ier exciting year as we seek the Lord's wisdom and guidance to tske the work forward and to develop in a way that is pleasinR to Him. Risk Management The trustees have reviewed the major risks faced by the Charity and have concluded that the systems in place are sufficient lo miligate their effect. The risks and systems are review¢d and updated on a regular basis. Page.. 2
SPALDING BAPTIST CHURCH TRUSTEES REPORT Continued FOR THE YEAR ENDED 31ST DECEMBER 2025 Reserves Policy Unrestricted gcnerdl reserves are held 8t a level deerned by the Tnjstees to b¢ sufficient to cover six months operatioiial ¢osts. Signed on behalf of the Trustees.. Mrs D Clay Church Secretary Dated.. 4th March 2026 Page: 3
INDEPENDENT EXAMt)'ER'S REPORT TO THE TRUSTEES OF THE SPALDJNG BAPTIST CHU I report Eo the charity trustees on my exan7ination of the accounts of the Charity for the year ended 31 st December 2025, which are set out on pages 5 to l O. Responsibilitles and basis of tbe report As the Charity's Trustees you are responsible for the preparation of the aGcounls in accordance with th¢ requir¢ments of the Charities Act 2011 ('the Act,). I report in respect of my examination of the charity's accounts c&rried out under section 145 of the Act and in carrying out my examination I have followed all the applicable directions given by the Charity Commission undcr section 145 (5)(b) of the A¢t. Independent examiner's statement I have ¢omplet¢d my examination. I confimi that no mat¢rial matters have come to my atteniion in Connection M'itli tile examination giving me cause to believe that kn any material respect= l ) accounting records were not kept in respect of the charity as required by s¢ction 130 of the Act. or 2) the accounts do not accord with those re¢ords' or 3) the accounts do noi Comply with th¢ applicable requirements concerning the fornj and contents of the accounts set out in the Chariti¢s (Accounts and Reports) Regulations 2008 other than any requirements that the accounts giv¢ a true and fair vi¢w which is not a matter considered as part of an independent examination. have no concerns and have come across no other matters in coiinection with the exainination to which attention should be drawn in this report in order to cnable a proper understanding on the accounts to be reached. Melwyn Price Independent Examiner Dat¢d.. l o, Mcl4 2016 P&8e -. 4
SPALDING BAPTIST CHLTrJ CH STATEMENT OF FLNANCIAL ACTtvrrIES R THE YEAR END D 31ST DECEMBER 2025 2025 Restricted Endom'ment Fllnds Funds General Fun 2024 Note Total Total JNCOME.. Giving Giving- tax refunds Donations and other income Rental income Investment income 68.100 9.833 68.100 9.833 67.070 9,009 8,194 9.705 1,771 6,885 15,079 9,705 1,856 18,280 9,801 2,078 85 TOTAL INCOLI 97,603 6,885 85 104,573 106,238 EXPENDITLT<E: Donations to external missions Ministry and Outreach Paid en]ployees Building costs Administration 10,215 6,705 48,437 25,708 9.516 1.025 6,145 11.240 12,850 48,437 25,708 9,516 11,781 12,336 53,021 19,213 8,828 TOTAL EXPENDITURE 100,581 7,170 107,751 105,179 GAINS ON REVALUATION OF PROPERTIES Unrealised GAINS ON INVESTMENTS Unrealised 1,621,673 1.621,673 52 52 68 NET INCOME (EXPENDITURE) 1,618,695 (285) 137 1,618,547 1,127 TRANSFERS BETWEEN FUNDS NET MOVEMENT IN FUNDS 1.618.695 (285) 137 1,618.547 1.127 FUND BALANCES BROUGHT FORWARD: I st January 2025 3,636,576 1,498 2,590 3,640,664 3,639,537 FUND BALANCES CARRIED FORWARD: 31 st December 2025 5,255,271 1,213 2,727 5,259,211 3.640,664 The noies onpage.9 7 10 Ioform parl of ihese accotsnts Page:5
SPALDING BAPTIST CHURCH STATEMENT OF ASSETS AND LIABILITIES AT31 T DECEMBER 202 2025 2024 Note FIXED ASSETS Tangible fixed assets Investment issels 5.172.634 2,346 3,550,961 2,294 5,174,980 3.553,255 CURREvf ASSETS Debtors Cash at bank and in hand 10 13,305 72,090 85,395 15,155 73,391 88.546 CURRENT LIABILITIES Creditors 12 1,164 ,137 NET CURRENT ASSETS 84,231 87,409 5,259,211 3.fv10,664 FuDs Unreslrieted fllnd$ General funds 5,255,271 3,636,576 Restricted funds Endowmeni funds 1,213 2,727 5,259,211 1.498 2,590 3,640,664 The fiiiancial statements on p&ges 5 to l O were approved by the Trustees on 4th Mawh 2026 and signcd on their bel)alf by.. Mrs D Clay Church Secretary Mrs M Boxall Treasurer The noies onpages 7 10 Ioformparl ofihese accotsn15 Pa8¢.' 6
SPALDING BAPTIST CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST D CEMBF.R 2025 l. Aceotsntin The prin¢ipal accounting policies adopted in the preparation of th¢ financial statements are set out belo. Policies (a) Basis of preparation of financial statements. The financial statem¢nts have b¢en prepared in accordance with applicabl¢ United Kingdom A¢countin8 Standards. They have also been prepared in accordance with the Stat¢inenl of Recommended Practice. "Accounting and Reporting by Charities" published in 2015. The accruals basis of accounting has been applied. (b) Fixed Assets Freehold properti¢s have been included in the accounts at their iT]sured values, being the values adopted in the accounts as at 31 December 2025. Routine additions and replacements to fixtures and equipment are treated as renewals and are charged to Current ¢xp¢nditure. (c) Futids Endowm¢nt Funds are funds whcre the Capital must be maiiitained, and only the income arising may b¢ used as either rcstri¢ted or unrestricted dcpending upon the purpose of the endowm¢nt. Designated Funds are funds desibn)ated for a particular purpose, but tl)ey retain the character of unrestricted funds and the church 15 at liberty to apply them for general purposes Restricted Funds cannot be used for general purposes as th¢ funds have been given a restri¢i¢d use by the donors. Unrestricted Funds are available for use at the di5¢retion of the Trustees in furtherance of tlie general objectives of the Charity. {d) Income Income, offerings and donatiott5 are recognised when received. Tax refunds are recognised whe the amounts are tlaimable. Legacies are i'ecognised when the church is legally entitled to the atnounts due. Investment and other income is recognised when it is received. (e) Resources expended Amounts received specifically for missions are dealt with in the r¢strict¢d funds and the liability for paymeni is recognised when the amounts are received. All other expenditure is generally re¢ognised when it is incurred. Page '. 7
ALDING BAPTIST CHURC STATEMEiYf OF AC OUNTS FOR THE YEAR ENDED 31ST DECEMB 2. Donations And Other Income R 2025 2025 2024 Donations Warm Welcome donations and grants Other income Children. family and Youth work Missionllry donations Sutton St James Trust Watson's Charity income 1.590 1,870 8,156 835 1,025 866 737 1,105 1.272 7,854 5,091 1,487 851 620 15,079 18,280 3. Donations to external mls510llS 2025 2024 A Payments to Home Missions.. BU Home Mission The Eternal Wall of Prayer 3,405 1,135 4,540 3.600 1,120 4,720 B Payments to World Missions.. BMS World Mission The Leprosy Mission Hope Now Tear Fund Mission Aviation Fellowship Others 3,405 3,356 1,120 1,135 240 1.135 785 6.700 324 1,120 7.061 Total donatiotts to external missions 11,240 11.781 Minist and Outreaeh 2025 2024 Children, youth and families work LibT7ry Baby Essenti&ls Sunday resour¢es and Creative Worsliip Adult Mission Pastoral Car¢ expenses Benevolent work Travelling expenses Donation - CAP Hospitality Social Justic¢ Book St&ll Other expenses BU Affiliation fees 1.087 232 410 1,480 4,602 807 770 1,717 66 937 695 360 809 325 758 37 890 567 360 4,072 246 670 2.345 454 490 12,850 12.336 Page '. 8
SPALDING BAPTIST CHURCH STATEMENT OF AC OUNTS FOR THE YEAR ElED 31ST DECEMBER 2025 S. Paid em lo 2025 2024 Minist¢r's Stipend MiniSteS pension costs Youth worker's wages Youth workeds pension costs BU Pension defI¢it 29,494 3,726 14.579 638 28,600 3,621 19.800 990 10 48,437 53,021 6. Buildin costs 2025 2024 Lighting and heating Insuranc¢s Water rates Council Tax Repairs ar]d maintenance.. Church Manse Chapel Lane 5,606 4,245 1,142 1.934 5.057 3,831 826 1.876 12,154 516 7,007 315 301 25,708 19,213 nlstration 2025 2024 Conferences and courses Printing and stationery Telephone, computer and websTte Music, sound and visual expenses Rental property management Payroll service fees Sundry expenses 1,002 1,434 3,846 1.513 993 600 128 853 1,444 3,550 1,191 1,089 598 103 8,828 9,516 Page .' 9
SPALDIN BAPTIST CHURCH STATEMENT OF ACCOUNTS 31ST DECEMBER2025 8. Fixed assets 2025 Asat 1st Jajkua 24 Asat 31st December Revaluatloll Church premises Church Mans¢ House, 19 Chapel Lane 3.154,705 247.695 148,561 1,173.677 310,783 137,213 4.328,382 3.154.705 558,478 247,695 285,774 148,561 3,550,961 1,621,673 5,172,634 3,550,961 9. Illvestment ssets 202 2024 COIF Charities Short Duration Bond Fund 2,346 2294 2.346 2.294 10. Debtors 2025 2024 Income tax r¢payments Other debtor5 and prepayments 8,500 4,805 8.750 6,405 13,305 15,155 11. Ch at bank and in hand 2025 2024 Lloyds Bank accounts HSBC BAnk accounts COIF Charities Deposit Fund Cash in hand 13,007 15.812 43,222 49 6,811 25,077 41,451 52 72,090 73,391 12. Cred'to e within one 2025 2024 Other creditors 1.164 1.137 1,164 1,137 Page.. 10