OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2025-12-31-accounts

LOUGHBOROUGH BAPTIST CHURCH

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2025

REGISTERED CHARITY NUMBER: 1131055

Cound & Co LLP Chartered Accountants 1 Princes Court Royal Way Loughborough Leics LE11 5XR Tel: 01509 214163

LOUGHBOROUGH BAPTIST CHURCH

CONTENTS


Report of the Trustees
Independent Examiner’s Report
Statement of Financial Activities
Balance Sheet
Notes to the Accounts		 Page No

1 – 3
4
5
6
7 – 16

- 1 -

LOUGHBOROUGH BAPTIST CHURCH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025

The Trustees present their report together with the financial statement for the year ended 31 December 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Church’s governing documents, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published on 16 July 2014.

OBJECTIVES OF THE CHARITY

The principal purpose of the Church is the advancement of the Christian faith according to the principles of the Baptist denomination; the Church may also advance education and carry out other charitable activities in the United Kingdom and other parts of the world.

PUBLIC BENEFIT

The Trustees have referred to the Charity Commission’s general guidance on public benefit when reviewing the Church’s aims and objectives and in planning its future activities. In particular, the Trustees considered how planned activities will contribute to the aims and objectives they have set.

ACTIVITIES, ACHIEVEMENTS AND PERFORMANCE

The activities of the Church have included:

Rev Dr Michael Peat has now been with us since 2023. This year he has taken a sabbatical for three months and the Church has benefited from visiting preachers. We have also celebrated 50 years of Loughborough Baptist Church in June when the three Baptist churches in the town came together. This was a great time of fellowship. In October we held a baptismal service when two of our friends gave their lives to the Lord, and we have received 11 friends from other churches into our membership. During this year we have lost faithful members of our Church, this will change the feel of our fellowship going forward.

In January Georgia Ridout started as our Children and Family Worker. She has had training through this year and has worked to increase Little Stars on Monday afternoons, as well as helping organise Activity Days during the year. At Christmas she invited most of our children’s groups to share in telling the Christmas story at our carol service. We look forward to seeing how the roll evolves.

We have responded to the needs for warmth, food and company of many people in the area by providing a ‘Warm Hub’ on a Monday morning. We continued this throughout the year under the name of ‘Welcome Hub’. We discontinued lunches in October when The Falcon Centre received a large grant for them to provide lunches again. The ‘After Dark’ Group has grown they have a hot meal every Wednesday evening between 6-8pm. Student from Loughborough University come in and help with this group.

- 2 -

LOUGHBOROUGH BAPTIST CHURCH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025

ACTIVITIES, ACHIEVEMENTS AND PERFORMANCE (continued)

Bible Study continues to be an important part of the church activities. There are several groups meeting regularly, each meeting the needs of a wide variety of members within the Church fellowship. A zoom prayer meeting is held every Monday evening and Thursday mornings prayers are said for the town and the Church. Also on Thursday’s we hold ‘A Moment of Worship’ for 20 minutes when different people lead this spot.

We seek to give pastoral care to all those connected with the Church in any way through our pastoral worker and the pastoral team. This is a very important part of our work especially over this past year. We trust that the friendship within the Church ensures that no one is left isolated or in need.

PROPERTY

During the time the shop (7 & 8 Baxter Gate) was empty the Church took over the invoices for business rates, electricity, gas and water rates. We started having estimated utility bills for which we sought advice from our Agents Mather Jamie as to how we should proceed. They advised us to ignore the invoices as the shop was empty; this we did. In January 2024 we had bailiffs come to cut all the utilities off. We paid £30,000 for this not to happen. This is still an ongoing issue; a file is now in the hands of our solicitors who are working on our behalf to retrieve monies we have paid over. This has still been ongoing through 2025.

During 2024 Mr Sharma and Mr Singh began to rent the shop. They painted the windows and then nothing happened, but they still paid the rent which was a help to the Church. By the middle of 2025 it was not clear when work would begin and they had been late paying the rent and it was in arrears. In consultation with our agents Mather Jamie, it was decided that they were in breach of the contract. This has meant that the Church has taken the property back for its own use. During the latter part of 2025 the Church has been praying for vision as how we can use this space.

In the report last year it was stated that we asked for loans towards the new boiler system, these loans were all paid back in April 2025. We have also had to make repairs to the tower at the back of our building because water was coming into the premises. A new control panel has been put in the office so that the heating system can be controlled by computer.

FINANCIAL REVIEW & RESERVES POLICY

We still have our reserve in Baptists Together. At the end of 2025 we had £95953.73 in a 7-day fixed account. At the beginning of 2025 Baptists Together closed their 1-year fixed account and during the year started a 6-month fixed account. We have opened two of these, one has £11198.58 and the second has £50766.97.

When the budget for 2025 was prepared we put £30,000 into the budget towards ministry with £30,000 remaining for ministry in 2026.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Charity is an unincorporated association governed by a constitution dated 20[th] March 2008 and known as Loughborough Baptist Church. The Church is a member of the Baptist Union of Great Britain.

The Church buildings are held in trust by the East Midlands Baptist Association Trust. The charity Trustees are appointed by the Church meeting and comprised seven deacons, two of which are the Church Secretary and the Church Treasurer. Trustees are advised of their obligations under charity law, the contents of the constitution, and the process of decision making in the Church.

The Trustees meet monthly and make recommendations to the monthly Church Meeting. The conduct of all meetings is governed by the requirement of the constitution.

It should be noted that our constitution dated 20[th] March 2008 was reviewed during 2025 with the intention of becoming a Charity Incorporated Organisation (CIO). During the year we undertook considerable work towards becoming a CIO. We engaged Anthony Collins, Solicitors, who have been guiding us through this process.

-3 -

LOUGHBOROUGH BAPTIST CHURCH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025

REFERENCE AND ADMINISTRATIVE DETAILS

Charity Number: 1131055 Church Address: 9 – 10 Baxter Gate, Loughborough, Leicestershire, LE11 1TG

Bankers Lloyds TSB plc, 37-38 High Street, Loughborough, Leicestershire, LE11 2QG Baptist Union Corporation Ltd, 129 Broadway, Didcot, OX11 8RT Solicitors: BWS Laws, 20 Church Gate, Loughborough, LE11 1UD Anthony Collins Solicitors LLP, 134 Edmund Street, Birmingham B3 2ES

Accountants: Cound & Co LLP, 1 Princes Court, Royal Way, Loughborough, Leicestershire, LE11 5XR

Trustees:

The Trustees during the year were:

Mrs S Bowler Mrs R Green – resigned April 2025 Mrs E Grimley Mrs M Thirlwell Mrs G Butcher Mr K Lewis Mr R O'Conner Rev M Peat

Approved by the Trustees on 26[th] May 2026 and signed on their behalf by: -

…………………………..

Mrs Margaret Thirlwell Church Secretary

- 4 -

INDEPENDENT EXAMINER’S REPORT

TO THE TRUSTEES OF LOUGHBOROUGH BAPTIST CHURCH

I report on the accounts of the Charity for the year ended 31 December 2025 which are set out on pages 5 to 15.

Respective Responsibilities of Trustees and Examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s statement

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 charity 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 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 statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that, in any material respect, the requirements:

  2. to keep proper accounting records in accordance with section 130 of the Charities Act; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or

  4. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

C L Mayne ACA Cound & Co LLP Chartered Accountants 1 Princes Court Royal Way Loughborough Leics LE11 5XR 26[th] May 2026

- 5 -

LOUGHBOROUGH BAPTIST CHURCH

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025

INCOME AND ENDOWMENTS FROM:
Donations and legacies
Investments
Charitable activities
TOTAL INCOME
EXPENDITURE ON:
Raising funds
Charitable activities
TOTAL EXPENDITURE
NET EXPENDITURE AND NET MOVEMENT
IN FUNDS BEFORE GAINS AND LOSSES
ON INVESTMENTS/FIXED ASSETS
Gain on revaluation of investment properties
Transfer between Funds
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:
TOTAL FUNDS BROUGHT FORWARD
TOTAL FUNDS CARRIED FORWARD		 Notes
2
3
4
5
6
16
16		 2025
Unrestricted
128206
91835
10399
__
230440
_
20600
202269

222869

7571
_
-
-
_
7571
1274582
____
£1282153		 2025
2025
2024
Restricted
Total
Total
-
128206
104101
-
91835
96018
-
10399
12617
_
_

-
230440
212736

__
_
-
20600
33574
198
202467
317175

__
_
198
223067
350749

__
_
(198 )
7373
(138013 )

_
_
-
-
-
-
-
-
_
_
_
(198 )
7373
(138013 )
4751
1279333
1417346

_
____
£4553
£1286706
£1279333

- 6 -

LOUGHBOROUGH BAPTIST CHURCH

BALANCE SHEET AS AT 31 DECEMBER 2025


FIXED ASSETS
Tangible Assets
Investments
CURRENT ASSETS
Debtors
Cash at Bank
CREDITORS – Amounts falling due within one year
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
CHARITABLE FUNDS
Unrestricted
Designated
Restricted		 Notes
11 (a)
11 (b)
12
13
14
16
16
16		 2025
296160
828500
_
1124660
18229
163983
__
182212
_
20166
__
162046
_
1286706
_
£1286706
_
1282153
-
4553
_
£1286706
 2024
302844
828500
_
1131344
19248
154538
__
173786
_
25797
__
147989
_
1279333
_
£1279333
_
1274582
-
4751
_
£1279333
_ _

Approved by the Trustees on 26[th] May 2026 and signed on their behalf by:

………………………………..

Mrs M Thirlwell (Church Secretary and Trustee)

The notes on pages 7 to 15 form part of these accounts

- 7 -

LOUGHBOROUGH BAPTIST CHURCH

NOTES TO THE ACCOUNTS – FOR THE YEAR ENDED 31 DECEMBER 2025

1 ACCOUNTING POLICIES

a) Basis of Preparation

These financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102) and the Charities Act 2011under the historical cost convention, with the exception that investments are included at market value. The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 2005) and applicable UK Accounting Standards and the Charities Act 2011.

The Church constitutes a public benefit entity as defined by FRS102.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest pound.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

b) Funds

Unrestricted funds are funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Church.

Designated funds are funds which the Trustees have designated to be used for a particular purpose, rather than in furtherance of the general objectives of the Church.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the funding provider.

c) Income recognition

All incoming resources are included in the Statement of Financial Activities (SOFA) when the Church 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.

No amount is included in the financial statements for volunteer time in line with SORP (FRS102).

For donations to be recognised the charity will have been notified of the amounts and the settlement dates.

For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised.

Investment income is earned through holding assets for investment purposes such as property and shares. Interest is recognised when entitled and rent income is recognised as the Church’s right to receive payment is established.

- 8 -

LOUGHBOROUGH BAPTIST CHURCH

NOTES TO THE ACCOUNTS – FOR THE YEAR ENDED 31 DECEMBER 2025

1 ACCOUNTING POLICIES (continued)

d) Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Church to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis.

Grants payable are made by the Church to other organisations whose charitable objects complement their work. This is accrued once the recipient has been notified of the grant award.

e) Governance Costs

This represents direct expenditure on the governance of the Church. Most of the management 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 Church for their service.

f) Fixed Assets

The Church buildings and the Manse are included in the balance sheet at original cost or fair value at 31 December 2018 which becomes the “deemed cost” under the FRS 102 transition rules.

g) Depreciation

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses.

Depreciation is provided on all tangible fixed assets at a rate calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Freehold buildings: 2% on “deemed” cost on a straight line basis

h) Investment Assets

Investment properties for which fair values can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value being recognised in net gains (losses) in investments in the SOFA.

i) Pension Costs

The Church pays contributions for its ministers to the Baptist Ministers Pension Trust Limited. This is a final salary multi-employer defined benefits scheme, the assets of which are held separately from the Church. The Church is unable to identify its share of the underlying assets and liabilities of the scheme on a consistent and reliable basis and therefore, as required by Financial Reporting Standard 17 ‘Retirement benefits’, accounts for the scheme as if it were a defined contribution scheme. As a result, the amount charged to the Statement of Financial Activities represents the contributions payable to the scheme in respect of the accounting period.

- 9 -

LOUGHBOROUGH BAPTIST CHURCH

NOTES TO THE ACCOUNTS – FOR THE YEAR ENDED 31 DECEMBER 2025

2 VOLUNTARY INCOME

Offerings
Gift Aid tax refunds
Donations
Legacies
INVESTMENT INCOME
Interest received
Rent received
INCOME FROM CHARITABLE ACTIVITIES
Trading income
RAISING FUNDS
Investment property expenses		 2025
Unrestricted
60169
17809
13305
36923
__
£128206
_
2025
Unrestricted
5666
86169

£91835
_
2025
Unrestricted
10399

£10399

2025
Unrestricted
£20600		 2025
2025
2024
Restricted
Total
Total
-
60169
63212
-
17809
15251
-
13305
10638
-
36923
15000
_
_

£-
£128206
£104101

__
_
2025
2025
2024
Restricted
Total
Total
-
5666
8419
-
86169
87599

__
_
£-
£91835
£96018

__
_
2025
2025
2024
Restricted
Total
Total
-
10399
12617

_

£-
£10399
£12617
__
_
___
2025
2025
2024
Restricted
Total
Total
£-
£20600
£33574

3 INVESTMENT INCOME

4 INCOME FROM CHARITABLE ACTIVITIES

5 RAISING FUNDS

- 10 -

LOUGHBOROUGH BAPTIST CHURCH

NOTES TO THE ACCOUNTS – FOR THE YEAR ENDED 31 DECEMBER 2025

6 COST OF CHARITABLE ACTIVITIES

Ministry costs
Mission costs (see note 7)
Establishment costs
Depreciation
Admin Support Costs (see note 8)
Professional Fees
Cound & Co LLP
- Independent Examination Fee
- Accounting and payroll support		 2025
Unrestricted
107523
7829
62946
6684
13680
-
1550
2057
______
£202269		 2025
2025
2024
Restricted
Total
Total
-
107523
95930
198
8027
9978
-
62946
54783
-
6684
6684
-
13680
145725
-
-
255
-
1550
1550
-
2057
2270
_
_
___
£198
£202467
£317175

7 MISSION COSTS

Grants paid to: -
BUGB Home Mission
BMS World Mission
Other
ADMIN SUPPORT COSTS
Staff Training
Computer Expenses
Office Consumables
Postage
Heating Upgrade		 2025
Unrestricted
3000
3000
1829
__
£7829
_
2025
Unrestricted
164
3687
7256
11
2562
__
£13680		 2025
2025
2024
Restricted
Total
Total
-
3000
3000
-
3000
3000
198
2027
3978
_
_

£198
£8027
£9978

__
_
2025
2025
2024
Restricted
Total
Total
-
164
60
-
3687
344
-
7256
7570
-
11
30
-
2562
137721

_
___
£-
£13680
£145725


 _
 2024
Total
3000
3000
3978
_____
£9978

8 ADMIN SUPPORT COSTS

- 11 -

LOUGHBOROUGH BAPTIST CHURCH

NOTES TO THE ACCOUNTS – FOR THE YEAR ENDED 31 DECEMBER 2025

9 STAFF COSTS, KEY MANAGEMENT PERSONNEL AND TRUSTEE EXPENSES

Salaries
Pension Costs		 2025
90135
4413
______
£94548		 2024
77886
4206
______
£82092		 2024

The average number of employees during the year was 6 (2024: 6).

No employee received emoluments in excess of £60,000 during the year (2024: none). The highest paid employee received a salary of £35,490 (2024: £34,320).

Rev M Peat, a trustee of the charity, received remuneration of £35,490 and pension payments of £4,337 for their role as a minister. Rev M Peat did not receive any remuneration for their role as a trustee.

Rev M Peat received reimbursement of £625 for telephone and other ministerial expenses paid for on behalf of the Church (2024: £635).

All other Trustees give freely of their time and expertise without any form of remuneration or other benefit in cash or kind (2024: all).

The total unrestricted donations made by the Trustees in the year was £6,660 (2024: £7,680).

- 12 -

LOUGHBOROUGH BAPTIST CHURCH

NOTES TO THE ACCOUNTS – FOR THE YEAR ENDED 31 DECEMBER 2025

10 PENSION COSTS

The Church is an employer participating in a pension scheme known as the Baptist Pension Scheme (“the Scheme”). The Scheme is a separate legal entity which is administered by the Pension Trustee (Baptist Pension Trust Limited).

From January 2012, pension provision is being made through the Defined Contribution (DC) Plan within the Scheme. In general Members pay 8% of their Pensionable Income and employers pay 6% of members’ Pensionable Income into individual pension accounts which are operated and managed on behalf of the Pension Trustee by Legal and General Life Assurance Society Limited. In addition, the employer pays a further 4% of Pensionable Income to cover Death in Service Benefits, administration costs and an associated insurance policy which provides income protection for Scheme members in the event that they are unable to work due to long-term incapacity. The income protection policy has been insured by the Baptist Union of Great Britain with Unum Limited. Members of the Basic Section pay reduced contributions of 5% of Pensionable Income, and their employers also pay a total of 5%.

Benefits in respect of service prior to 1 January 2012 are provided through the Defined Benefit (DB) Plan within the Scheme. The main benefits for pre 2012 service were a defined benefit pension of one eightieth of Final Minimum Pensionable Income for each year of Pensionable Service, together with additional pension in respect of premiums paid on Pensionable Income in excess of Minimum Pensionable Income. The Scheme, previously known as the Baptist Ministers’ Pension Fund, started in 1925, but was closed to future accrual of defined benefits on 31 December 2011.

A formal valuation of the Ministers’ Fund was performed at 31 December 2013 by a professionally qualified Actuary using the Projected Unit Method. The market value of the DB Plan assets at the valuation date was £162 million.

The valuation of the DB Plan revealed a deficit of assets compared with the value of liabilities of £84 million (equivalent to a past service funding level of 66%). As a result of the valuation, in addition to the contributions to the DC Plan set out above, it has been agreed to increase the standard rate of deficiency contributions from churches and other employers involved in the DB Plan from 11% of Pensionable Income/Minimum Pensionable income to 12% from 1 January 2017. The contributions will be based on each Church’s or other employer’s position at March 2017. Some churches and other employers that were only involved in the DB Plan for a short period will pay less than 12%. As at 31 December 2018 the estimated deficit on a technical provision basis has reduced to around £50m. The Recovery Plan envisages deficiency contributions continuing until December 2028.

- 13 -

LOUGHBOROUGH BAPTIST CHURCH

NOTES TO THE ACCOUNTS – FOR THE YEAR ENDED 31 DECEMBER 2025

10 PENSION COSTS (continued)

The key financial assumptions underlying the valuations were as follows:

Type of assumption % pa
RPI price inflation assumption 3.60
CPI price inflation assumption 2.85
Minimum Pensionable Income Increases (CPI plus 1.0% pa) 3.85
Assumed investment returns
- Pre retirement 5.10
- Post retirement 3.95
Deferred pension increases
- Pre April 2009 3.60
- Post April 2009 2.50
Pension increases
- Main Scheme pension Pre April 2006 3.40
- Main Scheme pension Post April 2006 2.30

As there is a large number of contributing employers participating in the Scheme, the Church is unable to identify its share of the underlying assets and liabilities of the Scheme. Accordingly, due to the nature of the Scheme, the profit and loss charge for the period represents the employer contributions payable. The total pensions cost for the Church was £4413 (2024: £4206).

Under the current Recovery Plan signed in September 2020, deficiency contributions are payable until June 2026. These contributions are broadly based on the employer’s membership at 31 December 2014 and increase annually in line with increases to Minimum Pensionable Income as defined in the Rules.

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 DB Plan. This agreement is referred to as a ‘buy-in policy’. It follows a similar agreement with Just in 2019 that covered most pensions in payment at that time. The combined agreements mean that Just are now providing financial backing for all DB pensions provided through the Scheme’s DB Plan.

The cost of such policies is largely driven by financial markets and these have moved substantially in the Scheme’s favour, particularly over the course of the last few months. As a result, this transaction takes the Scheme out of a shortfall position for the first time in two decades. Although risks remain, the Baptist Union and the Trustee of the Scheme have agreed that deficit contributions from each participating employer in the DB Plan will reduce to just £1 per month from August 2022.

- 14 -

LOUGHBOROUGH BAPTIST CHURCH

NOTES TO THE ACCOUNTS – FOR THE YEAR ENDED 31 DECEMBER 2025

11 FIXED ASSETS

(a)
(b)		 Tangible Assets
Manse
Cost
At 1 January 2025
240000
Additions
-
__
As at 31 December 2025
240000
_
Depreciation
At 1 January 2025
14400
Charge for the year
4800

As at 31 December 2025
19200

Net Book Value at 31 December 2025
£220800

Net Book Value at 31 December 2024
£225600
___
Investments
Investment Properties
Market Value brought forward at 1 January 2025
Gain on revaluation
Transfer to Fixed Assets
Market Value as at 31 December 2025
Investment properties comprise:
11 Baxter Gate
7-8 Baxter Gate
27 Patterdale Drive		 Church
Premises
94200
-
__
94200
_
16956
1884

18840

£75360

£77244

2025
828500
-
-
_
£828500
_
380000
250000
198500
____
£828500
 Total
334200
-
__
334200
_
31356
6684
__
38040
__
£296160
_
£302844

2024
828500
-
-
_
£828500
_
380000
250000
198500
____
£828500
 Total
334200
-
______
334200
 Total
__
31356
6684
___
38040

The commercial properties at 11 and 7-8 Baxter Gate were valued by Mather Jamie, Chartered Surveyors in January 2016. The residential property at Patterdale Drive was valued by the Trustees, based on local property prices as at 31 December 2022.

- 15 -

LOUGHBOROUGH BAPTIST CHURCH

NOTES TO THE ACCOUNTS – FOR THE YEAR ENDED 31 DECEMBER 2025

12 DEBTORS

2025 2024
Gift Aid 969 1150
Prepayments and other debtors 17260 18098
_____ _____
£18229
_____		 £19248
_____

13 BANK AND CASH BALANCES

2025 2024
Lloyds TSB plc 5899 13285
Baptist Trust 158085 141253
______ ______
£163984
______		 £154538
______

14 CREDITORS – AMOUNTS FALLING DUE WITHIN ONE YEAR

2025 2024
Trade Creditors 6472 2567
Accruals 3000 3000
PAYE and NIC 1244 992
Collections held for other organisations 5912 5275
Rent Deposits 3312 13963
Other Creditors 226 -
_____ _____
£20166
_____		 £25797
_____

15 RELATED PARTIES

The custodian Trustee of the Church is the Baptist Union Corporation Limited which is charity number 249635, and which is controlled by the Baptist Union Council. The Church is also a member of the Baptist Union of Great Britain.

The Church made a donation to the Baptist Union Mission Scheme as set out in note 7.

- 16 -

LOUGHBOROUGH BAPTIST CHURCH

NOTES TO THE ACCOUNTS – FOR THE YEAR ENDED 31 DECEMBER 2025

16 ANALYSIS OF NET ASSETS BETWEEN FUNDS

(a)
(b)		 Unrestricted
Restricted
31 December 2025
Funds
Funds
Total
Fixed Assets: Tangible Assets
296160
-
296160
: Investments
828500
-
828500
Current Assets
177659
4553
182212
Creditors due within one year
(20166)
-
(20166 )
_
_
_
£1282153
£4553
£1286706
_

_
Unrestricted
Restricted
31 December 2024
Funds
Funds
Total
Fixed Assets: Tangible Assets
302844
-
302844
: Investments
828500
-
828500
Current Assets
169035
4751
173786
Creditors due within one year
(25797)
-
(25797 )
_
__
_
£1274582
£4751
£1279333

Restricted funds

As at
1 January
2025
Thornton and Hickling Fund
4751
_
£4751
 Income
-
______
£-		 Expenditure
(198)
______
£(198)		 As at
31 December
Transfers
2025
-
4553
_
_____
£-
£4553

17 MOVEMENT IN FUNDS

As at
1 January
2025
Income
Unrestricted Funds
1274582
230440
Restricted Funds
4751
-
_
______
£1279333
£230440
 Expenditure
(222869)
(198)
______
£(223067)		 As at
31 December
Revaluation
2025
-
1282153
-
4553
_
_____
£-
£1286706