Station Hill Baptist Church Annual Report and Accounts 2025 Registered Charity number 1132165 24 Ststion Hill, Chippenham SN15 IEG
STATION HILL BAPTIST CHURCH (Registered Charity 1132165) Annual Report and Accounts for the year ending 31 January 2025. Annual Report for the year to 31 January 2025 This report has been collated with input from various members of the church and approved by the Trustees. It should be read in conjunction with the accompanying independently examined financial statements of the charity for the year ended 31 January 2025. A) The Charity and its Governance ststion Hill Baptist Church was formed in 1854 and has occupied the site ever since. As part of the process of becoming a charity in 2009, the Church updated its governing document to conform to a standard approved governing document for Baptist Union of Great Britain churches. The Charity is governed with due regard to the Charity Commission's guidance on public benefit. Following a vote by Members at a Special Church Meeting on 26 November 2023. The Church became a Charitsble Incorporated Organisation with all assets and liabilities of the charity being legally transferred from l February 2025. A separate report has been prepared forthe Charitsble Incorporated Organisation. Objectives of the Church The principal purpose of the Church is the advancement of the Christian faith according to the principles of the Baptist denomination. Ststion Hill Baptist Church has a vision to be the visible presence of Christ in Chippenham and North Wiltshire, and together with other churches to be active in society to minister to the whole community. Our tssk 15 that we will bring people into contact with Christ and His good news, to enable them to develop a personal relationship and friendship with God, to be filled with the Holy Spirit and active in sharing their faith with other people. Trustees The Church Meeting appoints Charity Trustees from among the church members. The Church Meeting will appoint other Trustees in accordance with CIO regulations. The Charity Trustees who served during the year are: David Brown (until 18th December 2024) (Elder) Vicky Hempstead (Treasurer) Todd Nightingale (Minister) Peter Whitby {Elder) David Wright (Elder and Secretsry) The current Chair is Peter Whitby
STATION HILL BAPTIST CHURCH (Registered Charity 1132165) Annual Report and Accounts for the year ending 31 January 2025. Church Meetings and Church Council The Church is governed and regulated by its own members who meet every two months in formal Church Meetings; this is the ultimate authority for decisions under God. The Church Council consists of a representation of members, appointed by the Church Meeting, who also meet bi-monthly (usually two weeks prior to church meetings) to plan and carry out tasks relating to various aspects of the life and work of the church and taking decisions more involves with the day to day running of the church. The church members who served on Church Council during the year were: David Brown (Elder and representing Premises) Charmaine Elkerton (representing Evangelism and Outreach) Steve Hardy (Administrator until his retirement in July 2024) Vicky Hempstead (Treasurer) Caroline Hiorns (representing House Groups) Rachel Lambert (Elder and representing Worship and Word) Todd Nightingale (Minister) Paul Phillips (representing Pastoral Care) David Thompson (representing Seniors) Peter Whitby (Elder) David Wright (Elder} Jenny Budgell (ACMA) has been re-appointed as Independent Examiner of the Financial Statements. Safeguarding Station Hill Baptist Church is committed to the nurturin& protettion and safeguarding of all, especially children, young people and adults at risk. Everyone has a part to play in the prevention of physical, sexual and emotional abuse of children and young people, and a responsibility to report any abuse discovered or suspected. SHBC follows the 'Safe to Grow, guidance which is published by the Baptist Union for implementing and adopting safeguarding policies and procedures when working with children and young people. Safeguarding Team: Designated Person for Safeguarding: Charmoine Elkerton Deputy Designated Person for Safeguarding: Vacant (as at 315tJonuary 2025) Safeguarding Trustee: Peter Whitby Administrator: Julian House DBS Administrator: Simona Boker
STATION HILL BAPTIST CHURCH (Registered Charity 1132165) Annual Report and Accounts for the year ending 31 January 2025. We undertake to exercise proper care in the selection and appointment of those working with children and young people, whether in a paid role or as volunteers. Adults who work or volunteer with children at SHBC are required to undertake Level 2 Safeguarding training which is refreshed every 4 years. The Leadership Team (Minister, Elders, Designated and Deputy Person for Safeguarding) undertake Level 3 training which is also refreshed every 4 years. In addition to the above, all adults who work or volunteer with children at SHBC are required annually to read the church's agreed procedures (including the Safeguarding Policy and good practice guidelines) and sign to confirm they have read and understood the information. Baptist Affiliation The Church is part of the wider national body, the Baptist Union of Great Britain, and is also a member of the West of England Baptist Network (Webnet). The Church pays an annual subscription to the Baptist Union of Great Britain based upon its membership numbers. The Church also made donations to the Webnet's Partnership in Mission fund and Baptist Missionary Society during the year. Church Building Trustees The Church Building Trustees are the West of England Baptist Network Iwebnet). B) Church Review 2024-2025 Ministry and Leadership Todd Nightingale was welcomed as Minister in 2019 and has continued in his role as Team Leader through the past year. His main work alongside the normal activities of a church leader is making disciples who make disciples. This is the top priority of every follower of Christ: to put the words of the Lord into action in our personal lives and to encourage others to do the same. A particular intention of Todd's ministry has been the empowering and releasing of members of the church to use their gifts in active, faith-filled obedience of the Lord. Another particular aim has been to see the church filled with the presence of power of the Holy Spirit so that it rnay become thriving and fruitful, just as the Lord desires. Danelle Nightingale works two days per week as 'Growth Coach,. As a trained spiritual director with many years, experience working in church ministry, she says; "I get to journey with other5 ifl the deep and authentic places of their faith and life with God" Danelle is a gifted speaker who reg4Jlarly teaches and leads our Sunday morning gatherings. She also heads up the Women's Min.'£Tr ieam.
STATION HILL BAPTIST CHURCH {Registered Charity 1132165) Annual Report and Accounts for the year ending 31 January 2025. During the year, Danelle was accredited as a Locally Recognised Minister by Webnet (the West of England network of Baptist churches) and was fully supported by the SHBC family. We were privileged to hold one wedding during the year, and to admit and welcome several people into membership. Worship Our Sunday gatherings are a rich time of teaching and worship, where a multi-voiced style of service is encouraged (by this we mean times of open prayer and praise, space for prophetic words and pictures, and member participation in various ways). We have developed a monthly pattern of gatherings wlth a variety of expressions of worship and fellowship: Weekly worship on Sunday morning {including Eden kids for primary-aged children) st Big Family Church (BFC): I Sunday afternoon Bring and Share Lunch: 2nd Sunday (often including Communion) Sunday Afternoon Fellowship {SAF):3 Sunday afternoon Evening Worship: 4th Sunday evening (Spirit-led, open worship) We are grateful to all members (and occasional visitors) who have contributed to the worship, preachin8 and teaching ministry of the Church. th Throughout this year, we continued the pattern of '5 Sunday Fellowship, whereby the church is open for fellowship, but no formal gathering takes place. This enables team members to rest and allows people an opportunity to fellowship with other local churches at their services. Prayer SHBC is committed to the importance and power of prayer so, in addition to prayer during our regular gatherings, we endeavour to create regular opportunities for the church to meet for corporate themed prayer. Weekly opportunitles include early prayers on Saturday mornings and twice-weekly prayer meetings on Zoom. The monthly Sunday afternoon/evening prayer meeting usually takes a topical focus on subjects such as the persecuted church, areas of conflict etc. During the year we have held two prayer weekends wlth prayer stations being set up to offer guided prayer for those who wish to participate. These have been well attended. PrayerNet is an internal ministry that enables and encourages individual prayer for the specific needs of our fellowship and those known to them. Prayer Café runs every Saturday morning and has continued to grow through the year with up to 60 people in attendance. We have been really blessed by seeing more of our regulars attending Church
STATION HILL BAPTIST CHURCH {Registered Charity 1132165) Annual Report and Accounts for the year ending 31 January 2025. on Sundays and some going through the waters of Baptism. Prayer Cafe is a welcoming and safe place for all. A variety of activities are available including a themed craft table for children, board games and live music. We also provide space for those that want to chat, unwind or relax. This year we had a Christmas party with festive food, Christmas crafts, live music and Carol singing House Groups and Pastoral Care House Groups are a first line for pastoral care and exploring and sharing faith together. Our seven groups meet at a variety of times and have different styles suited to the needs of the members. Some groups discuss notes based on the Sunday teaching programme whilst others study Bible books or themes of their choosing. We are currently undergoing a I:1 pastoral survey with all members learning about their personal growth as a Christian, their gifts, how they currently use them and how they may like to in the future. The Pastoral Care Team is a small group of people who endeavour to keep in touch with and pray for those who are experiencing health issues, especially (although not exclusively) those who are not in a House Group. The team meets monthly to keep up to date with individual's circumstances and to pray for them. They ensure that those who have diff iculty getting out recelve a phone call at least once a week. Cards are also sent out to those who are experiencing various forms of trauma Teaching and Discipleship The Church reco8nises the importance of solid Bible-based teaching. Over the course of the year, we continued and concluded an extended series on Mark's gospel, a mini-series on 'Unsung Heroes of the Old Testament,, an Advent series on the theme of 'Gifts' and a short series on the book of Ruth. Discipleship at all stages of people's faith journey is a priority and thls is often best done in small groups or one to one. The Women's Ministry is Sed by a team of 5 women who, primarily, plan and run various gatherings, some of which are focused on spiritual growth and encouragement with worship, teaching and prayer, and some of which are primarily social in nature. Over the year we organised and ran a weekend residential retreat for 30 women, an afternoon gathering for teaching and fellowship at the church premises, an afternoon tea, and a Christmas Party. The women who join us for these events are from the SHBC family as well as their friends. The Men's Gathering ministry continues with milestone events every two to three months such as Clay-Pigeon Shoots and Quiz & Curry nights designed to bring non-christian friends and family. plus the huge annual CVM Gatherings at a field near Swindon and our own Barnstorm events &0 help guys draw nearer to God in a fun environment. Between each of these we meet regularw for breakfast, ensuring there is something on every month. We tend to gather 20-50 guys for each of these events; and even have a 'Top-Bloke' trophy that we pass around, awarding it to someo--.,e who has either achieved something significant or triumphed in some adversity. Many gu a now
STATION HILL BAPTIST CHURCH (Registered Charity 1132165) Annual Report and Accounts for the year ending 31 January 2025. feeling better able to invite their mates to come along too. Mission and Outreach Missio Dei is Latin for the Mission of God. We are commissioned to love God first and love our neighbours. to do this, we need to speak a language that people understsnd and can relate to. The 'Talking Jesus, report {2022) suggests that communities like individual Christians but are sceptical of institutions. To reach our context practically, thls can look like serving people in a store or buying someone's shopping; buying coffee for a homeless person or purchasing a 'Big Issue, magazine; an invitation to a church service or to our homes for a meal. or providing and being a safe space for a vulnerable individual. During this year, SHBC has initiated and/or participated in several outreach ministries to connect with our local community. Joint ventures with other churches included: praying around the town; supporting an Alpha course ISHBC runs Alpha biennially); a Good Friday service in the town centre. facilitating 'The Extreme Tour, (music outreach concluding with a concert). SHBC has started our own 'Hug Ministry, and delivered The Bible Course (Bible Society}. Children and Young People God has blessed us with a small but growing number of children attending our Sunday gatherings, most of whom are primary age. In the absence of a Children and Families Leader, Vicky Hempstead and Rachel Bowers lead the Eden Kids work, with the help of several assistants. Teaching, while giving them lifestyle examples of how to grow and to live in faith, is a dynamic work. The children join the early part of our Sunday gatherings and then go out to 'Eden Kid< for their age-appropriate teaching and activitles. It has been good to maintsin our Toddler group for a further year although we have had to reduce from two weekly sessions to one. The parents enjoy coming and the space and toys are ideal for young children. We consider it to be an effective way to share the love and goodness of God to those who can be struggling with the awesome task of bringing up children. We have 30 families registered and, when children get older and leave, they are always soon replaced. We aim to link in with Big Family Church, always recommending it to the families. The morning includes free play, snack time where we give all the children a small plate of fruit and biscuits, with coffee and biscuits for the adults. After some more free play and 'tidy up time, there is a story followed by some singing. The Toddler team has reduced in number and the future of the group is uncertain without more leaders and helpers. It is a good presence, and we look forward to seeing how God leads us in the future.
STATION HILL BAPTIST CHURCH (Registered Charity 1132165} Annual Report and Accounts for the year ending 31 January 2025. There are several people from SHBC who participate in 'Open the Book, assemblies in local primary schools. 'Prayer Spaces in Schools,, is another initiative which some members have participated in- providing opportunities for children to encounter God through prayer in their school. We continue to advertise and pray for a Children and Families Leader and trust the Lord will provide the right person in his perfect timing. Seniors The 'senior' members of our church family continue to be actively engaged in the life and work of SH8C, for which we are grateful to them and to the Lord. several of the church's activities are supported or led by senior members, and many expressions of outreach is heavily dependent on them {e.g. Prayer Cafe, Toddlers, BFC and Saturday Morning Prayers). The care and support of our Seniors is led and staffed by them; SAF, the Pastoral Care Team and Daytime House Groups (DHG). One House Group now meets in a local Christian Care Home and has been joined by some of the resldents. The numbers attending SAF and DHG meetings has fallen: some have been promoted to Glory, others are now dependent on personal care. The upside to this fall in numbers is that many who now quallfy as 'seniors' attend our Sunday morning worship and the evening House Groups. At Saturday Mornin8 Prayer time we have been reading through Galatians for our devotions, I was particularly touched by Paul's summing up in chapter 6, verses 9 and 10: .let us not grow weary (lose heart> of doing good, for in due season we wlll reap, if we do not give up. So ..... let us do good to everyone, and especially to those who are of the household of faith., I belleve my fellow Seniors would agree with me that we are not 'losing heart, or 'giving up, doing good. Senior Citizenship does not come alone, we increasingly get tlred (weary), now having to 'manage our resources more carefully. Please come and share the work of 'doin8 good, with us. Community Organisations In addition to our own activities, our facilities continue to be used by wider community organisations including a counselling support group for young people, a weekly Christians Against Poverty cafe and keep fit classes which is run by one of our former members. Thanks We particularly wish to note the hard work of many people, the many hours of service freefy and willingly given, all the offerings brought to God for the work of his Kingdom, and the time t>eople have given to prayer and working with others. Thank you. We are grateful to God.
STATION HILL BAPTIST CHURCH (Registered Charity 1132165) Annual Report and Accounts for the year ending 31 January 2025. C) Church Financial Report Financial Summary Our accounts for 202412025 show that the Church remains in an overall good financial position. We are grateful to many members who give generously to the work of the Church during the period which has allowed us to carry-on the activities noted above. Core giving has remained stable in the year, with reductions in donations experienced because of a gift day that was held in 2023, which was not repeated in 2024. Overall, before loan repayments, we received net income in the year of c. £41,000. Given the cash balances held in excess of our general reserves, additional loan payments were made leading to an overall reduction in the outstanding loan balances from £99,000 to £42,000 in the perlod, strengthening the long-term financial outlook of the Church. During 2024 the Church has been reincorporated as a charitable incorporated organisation, and all assets and liabilities of this charity will be transferred across to the new organisation from the I February 2025. In anticipation of that £20,000 was transferred to the new organisation prior to the 31 January 2025 to enable payments to be made from that date. Principal Funding Sources The main source of funding for the Church Revenue Account Is offerings given by members of the congregation. Reserves Policy The Church has adopted a formal reseniing policy in line wlth Charity Commission guidance. General Reserve Liquid funds will be held to ensure that the committed running costs of the church (salary and manse costs plus essential church utility and insurance payments and loan repayments) could be met for 3 months in the unforeseen event of the need to wind up the charity. This would enable the Trustees to take appropriate action to stem the costs by giving notice to employees of the church andlor to liquidate other assets to meet liabilities. Restricted Funds We will continue the practice of holding funds for mission work in restricted fund5 set aparr from our general funds. The restricted mission funds include our mission tenth (IO¥o of our general gNing that is set aside for mission work including training people for mission), donations collected for missionaries that the church regularly supports, and our Fellowship Fund to meet the neecs c. "those in our Church fellowship.
STATION HILL BAPTIST CHURCH (Registered Charity 1132165) Annual Report and Accounts for the year ending 31 January 2025. Signature and Declaration I declare, in my capacity as a Trustee, that: The Trustees have approved the report above; and Have authorised me to sign it on their behalf. Signed: Name: Peter Whltby Date".22 September 2025 io
STATION HILL BAPTIST CHURCH (Registered Charity 1132165) Annual Report and Accounts for the year ending 31 January 2025. Station Hill Baptist Church Independent Examiner's Report for the year ending 31 January 2025 Respective responslbilitles of trustees and examlner The trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audlt is not qUIred for this year under section 144 of the Charities Act 2011 (the Charlties Act) and that an Independent examination is needed, The charity's gross did not exceed £250,000 and l am quallfied to undertake the examination by being a quallfied member of CIMA. It Is my re5ponslbility to: examine the accounts under section 145 of the Charlties Act, to follow the procedures lald down in the 8eneral Directions glven by the Charity Commi551on (under section 14515llbll of the Charlties Act, and to State whether partlcular matters have come to my attention Basls of Independent examlner's ststement My examinatlon was carried out In accordance wlth 8eneral Dlrectlons 8lven by the Charitv Commisslon. An examination Includes a review of the accountlng records kept by the charlty and a comparlson of the accounts presented with those records. It also Includes conslderatlon of any unusual Items or disclosures In the accounts, and seeking explanatlons from the trustees concernln8 any such matters. The procedures undertaken do not provlde all the evldence that would be required in an audlt, and consequently no oplnion Is given as to whether the accounts present a 'true and falr, vlew and the report Is Ilmlted to those matters set out In the statement below. Independent examlner's statement In connection with my examlnation, no materlal matters have come to my attentlon whlch gives me cause to belleve that in, any material re5pert: accountlng records were not kept In accordance wlth section 386 of the Companles Act 2006; or the accounts do not accord with such records; or the accounts do not comply wlth relevant accounting requirements under sectlon 396 of the Companie5 Act 2006 other than any requirement that the accounts give a 'true and fairf view which Is not a matter consldered as part of an Independent examlnatlon; or the accounts have not been prepared in accordance with the Charities SORP IFRS1021. I have come across no other rnatters in connertion with the examination to whlch attention should be drawn In this report in order to enable a proper understsnding of the accounts to be reached. signed: Jenny Budgell, MA Dated- li
STATION HILL BAPTIST CHURCH (Registered Charity 1132165) Annual Report and Accounts for the year ending 31 January 2025. Statement of Flnancial Activitles for the year ended 31 January 2025 Mission Unrestricted Funds Funds {restrlcted) Note 2025 2024 Incoming Resources Donations and legacies Gift aid Charitable activities Rental income/other Total Expenditure on: Charitable activlties Transfer of funds to CIO Total Transfer Net Income/(expendlture) 122,712 27.502 36,833 3,008 949 159,545 30,510 949 707 40,790 191,711 183,141 35,743 707 150,921 1,375 220,259 109,369 20,000 129,369 38,447 147,816 20,000 167,816 154,245 38,447 154,245 21,552 2,343 23,895 66,014 Reconcillatlon of funds: Total funds brought forward Total funds carrled foThvard 371,136 , 392,688 8,799 379,935 11,142 403,830 313,921 379,935 12
STATION HILL BAPTIST CHURCH (Registered Charity 1132165) Annual Report and Accounts for the year ending 31 January 2025. Balance Sheet as at 31 January 2025 Note 2025 2024 Flxed assets Tangible assets Total fixed assets 390,090 390,090 391,352 391,352 Current assets Debtors & Prepayments Cash at bank and in hand Total current assets 8,253 50,335 58,588 9,570 80.942 90,512 Llabilities Credltors: Amounts falling due wlthln one year Net assets less current Ilabllltles Credltors: Amounts fallin8 due in greater than one year Total net assets (20,848) (20,929) 427,837 460,935 (24,000) {81,0001 403,830 379,935 The funds of the charlty: Restrlcted funds Unrestricted funds Total charlty funds 11,142 392,688 403,830 8,799 371,136 379,935 Signed by one or more trustees: Name: Peter Whltbv Date 2210912025 13
STATION HILL BAPTIST CHURCH (Registered Charity 1132165) Annual Report and Accounts for the year ending 31 January 2025. Note I: Basis of preparatlon Bosis of accounting These accounts have been prepared on the basis of historic cost in accordance with: Accounting and Reporting by Charities- Statement of Recommended Practice (SORP 2015) and with Section IA"Small Entitieg, of Financial Reporting Standard 102 (FRS 1021 and with the Charities Act. Note 2: Accounting policie5 Recognition of incoming resources These are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources and when the trustees are virtually certain they will receive the resources and when the monetary value can be measured with sufficient reliability. Gronts and donations (including gift aid) Where incoming resources have related expenditure {as with fundraising or contratt Income) the Incoming resources and related expenditure are reported gross in the SOFA. Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate. Donated services andfacilities These would only be Included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. Volunteer help The value of any voluntary help received is not included in the accounts but is described in the trustees, annual report. Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. Tangiblefixed assetsfor use by charity These are capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost or a reasonable value on receipt. 14
STATION HILL BAPTIST CHURCH (Registered Charity 1132165) Annual Report and Accounts for the year ending 31 January 2025. Note 3: Expenditure on charltable artlvlty {Church Revenue Fund} 2025 2024 Admlnlstration expenses Equipment Fabric Insurance Manse Staff costs Sundries Visitin8 speakers Youth work 6.202 1,877 14,260 5,302 4,125 9,009 2,386 3,697 70,012 12,161 180 622 107,494 4,127 64,013 15,822 250 334 109,369 Note 3b: Staff costs 2025 2024 Salary Social securlty Penslons- defined beneflt Pensions- defined contribution 49.650 8,128 51,990 10,882 1,002 6,138 70,012 6,235 64,013 The defined beneflt penslon payment made in 2024 relates to a final payment made by the Church to the Baptist Pension Scheme {"the scheme"), to end anyfuture Ilabilities for deficit payments to the scheme. These costs related to three past ministers who are retired pensloners and two past ministers who have dependent pensioners In the scheme. Note 4: Oetalls of certaln Items of expendlture Trustee expenses 2025 2024 None Number of trustees who were paid expenses Nature of the expenses Total amount paid None Énll £nll None of the trustees have been paid any remuneration or received any other benefits from Station Hill Baptist Church as part of their role as Trustee. Fee for examination of the accounts 2025 £nil 2024 £nil Independent examiner's fees 15
STATION HILL BAPTIST CHURCH (Registered Charity 1132165) Annual Report and Accounts for the year ending 31 January 2025. Note 5: Movement in funds Balance Incoming 31 January Resources 2024 Resources Expended Transfers in/lout} Balance 31 January 2025 Church Revenue fund 371,136 150,921 {129,369) 392,688 Mlsslon Funds (restrlcted) ARM 608 2,878 4,488 635 190 4,951 7,472 4,030 8,221 16,116 40,790 15,1761 16,6201 14,362) {8,5191 113,7701 138,4471 383 3,730 4.156 337 2,536 11,142 Colletted funds Fellowship fund Provls Fund Mission tenth 8,799 Total 379,935 191,711 1167,816) 403,830 Note 6: Flxed Assets 2025 Equlpment Property 2024 Equlpment Property Cost At l February Addltions Disposals At 31 January 390,000 10,007 390,000 10,007 390,000 10,007 390,000 10,007 Depreclation At l February Depreclation Disposals At 31 January 8,655 1,262 6,779 1,876 9,917 8,655 Openlng net book value as at l February Closing net book value as at 31 January 390,000 390,000 1,35Z 90 390,000 390,000 3,228 1,352 Equipment is depreciated over 3 years on a straight-llne basis. SHBC additionally owns the Baptist Church on Station Hill. This is not recognised on the balance sheet as there is no reliable valuation for the bullding available. Subsequent to the balance sheet date, on l February 2025, all assets and liabilities of the charity were transferred acrossto the newly formed Charitable Incorporated Organisation (charity number: 1208219). See note 10. 16
STATION HILL BAPTIST CHURCH (Registered Charity 1132165} Annual Report and Accounts for the year ending 31 January 2025. Note 7: Debtors and prepayments The debtors and prepayments balance of £8,253 {2024: £9,570) includes £6,544 {2024: £7,936) relating to gift-aid receivable from HMRC. Thls is expected to be reiVed within one year. Note 8.. Loans Durlngthe yearended 31 January 2025, SHBC paid £15,00012024: £8,000) of the outstandlng congregatlonal loan leaving a balance of £15,000 outstandlng (2024: £30,000). This is a long-term loan which has no fixed date for settlement. Durln8 the year, SHBC pald £42,00012024: £27,750) off the £180,000 10-year interest free loan leaving balance of £27,000 outstanding12024: £69,000). £18,000 of loan repayments are due to be paid within the next 12 months. Subsequent to the balance sheet date, on l February 2025, all assets and liabilitles of the charity were transferred acrossto the newly formed Charitable Incorporated Organisatlon (charity number: 12082191. See note 10. Note 9: Related party tran5actlons There have been no related party transactlons durlng 202512024: none). Note 10: Post balance sheet event Subsequent to the balance sheet date, on l February 2025, all assets and Ilabi1Stles of the charity were transferred across to the newly formed Charitable Incorporated Organlsatlon (charlty number: 1208219) under the same name, Statlon HIS1 Baptlst Church, whlch wlll be used to run the work of the charlty In future. 17