STREATHAM
A P T I S T
C H U R C H
STREATHAM BAPTIST CHURCH
ANNUAL REPORT AND ACCOUNTS
FOR THE YEAR ENDED
31 MARCH 2025
Charity number 1132313

STREATHAM BAPTIST CHURCH
Contents
Page
Reference and Administrative Detsils
Trustees, Report
Independent Auditors, Report
Statement of Financial Activities
8-10
11
Balance Sheet
12
Notes to the Financial Ststements
13-24

STREATHAM BAPTIST CHURCH
REFERENCE AND ADMINISTRATIVE DETAILS
Name and address:
Streatham Baptist Church, 22 Lewin Road, Streatham, London SW16 6JR
Leaders (Trustees) of Streatham Baptist Church:
The Leaders of Streatham Baptist Church during the year and at the date the report was
approved were:
Rev Bruce Nadin
Senior Minister
Inducted to Streatham Baptist 0510412025
Inducted to Streatham Baptist 1210512019
Resigned 3010412025
Elected 3010912021 for a 3-year term,
Re-elected 2610912024 for a 3-year term
Re-elected 1310312025 for a 2-year te
Elected 2910912022 for a 3-y8ar term
Re-elected 1310312025 for a 3-year temi
Deceased 0510812025
Elected 3010312023 for a 3-year temi
Re-elected 1310312025 for a 1-year term
Elected Leader & Treasurer Elected 3010312023 for a 3-year temi
Re-elected 1310312025 for a 1-year te￿n
Elected 1810112024 for a 3-year term
Re-elected 1310312025 for a 1-year term
Resigned 3011112025
Elected 1810112024 for a 3-year term
Re-elected 1310312025 for 3-year term
Elected 1810112024 for a 3-year temi
Re*lected 1310312025 for a 2-year term
Elected 1410312024 for a 3-year term
Re*lected 1310312025 for a 2-year term
Elected 2310512024 for a 3-year term
Re-elected 1310312025 for a 2-year temi
Elected 2310512024 for a 3-year temi
Re-elected 1310312025 for a 2-year term
All non-ministerial Leaders were re-elected on 1310312025 as part of the process of the Church
becoming a Charitsble Incorporated Organisation.
Bank:
Natwest Bank plc, 30-34 Tooting High Street, London, SW17 ORG
Rev Christopher Randolph Interim Minister
André-watson
Ms Suzann Douglas
Elected Leader
Mrs Jennifer Mary
Dowlen
Elected Leader
Ms Zeinab Mantau
Elected Leader
Mr Keith Charles Foster
Ms Jessica Ogunbiyi
Elected Leader
Mrs Diane Moore
Elected Leader
Mr Peter Grant
Elected Leader
Mrs Marilyn Holloway
Elected Leader
Mr Richard Ritter
Elected Leader
Ms Jackie Dale
Elected Leader
Auditors:
Xeinadin Audit Limited, 5 Robin Hood Lane. Sutton, Surrey, SM12SW
Properties:
The London Baptist Property Board, Unit C2. 15 Dock Street, London, E18JN holds the titles
to our properties.

STREATHAM BAPTIST CHURCH
CHURCH LEADERS, REPORT FOR THE YEAR ENDED 31 MARCH 2025
Purpose and Activities
The principal purpose of the Church is the advan￿rnent of the Christian faith according to the
principles of the Baptist denomination. The Church may also advance education and carry out
other charitable purposes in the United Kingdom andlor other parts of the world. This is
achieved by:
Providing an environment in which Christians can worship God and grow in their faith in
the Lord Jesus Christ.
Actively encouraging Christians to develop their faith in the Lord Jesus Christ.
Actively promoting the Gospel of the Lord Jesus Christ locally, regionally, nationally and
intemationally.
Undertaking social works in the local community which will assist in meeting the needs
of the community and bring the Gospel to those who might not otherwise receive it.
streatham Baptist Church Leaders can confirm that they are aware of the Charity Commission
guidance on public benefit and have complied with their duty to have due regard to the Charity
Commission's guidance on public benefit (PB1, PB2 and PB3) when reviewing the Church's
objectives, planning its activities and exercising any powers or duties to which the guidan
is relevant.
The Church's main activities which it carries out to fulfil its charitable purposes for the public
benefit, are:
Regular public worship, prayer" Bible study, preaching and teaching.
Baptism as defined by the Baptist Union of Great Britain's Declaration of Principle.
Regular observance of the Communion of the Lord's Supper;
Evangelism and Mission, locally, regionally, nationally and internationally.
The teaching, encouragement, welcome and inclusion of all people regardless of their
background"
Expressing God's love to the community through the mission of the Church;
Nurture and growth of Christian disciples;
Education and training for Christian and community service"
Giving and encouraging pastoral care"
Supporting and encouraging charitable social action at home and abroad;
Encouraging relationships with and supporting Baptists and other Christians,. and
Raising finance to further the Purpose by receiving donations. grants and loans.
Achievements and Performance
Introduction
This has been an important year of transition for the church. After a six-y8ar period of
interim ministry, the church called Rev Bruce Nadin as its new Senior Minister. He started

STREATHAM BAPTIST CHURCH
CHURCH LEADERS, REPORT FOR THE YEAR ENDED 31 MARCH 2025
CONTINUED
on 1 March and was inducted on 5 April 2025. This also marked the end of the hugely
appreciated ministry to the church of Rev Chris André Watson on 30 April 2025.
In last year's report we explored the picture of the Vine from John's gospel Chapter 15.
Jesus compared his relationship with his people to a grapevine and its branches. The
fruitfulness of the branches, he stated, was dependent on the intimate and deep
connection with the vine. Apart from him, the vine, they could do nothing. The 2025 motto
text is taken from this passage:
l am the vine., you are the branches. If you remain in me and l in YOU¥ you will
bear much fruit; apart from me you can do nothing. If you do not remain in me.
you are like a branch that is thrown away and wlthers; such branches are
picked up, thrown Into the fire and burned. If you remain in me and my words
remain in you, ask whatever you wlsh, and it will be done for you.
John 15.5-7
The church is seeking to live this out through growing in its worship, ministry, prayer and
discipleship.
Ministry and Mission
The church continued throughout the year to meet weekly on a Sunday for worship and in
small groups and other activities during the week. These included Life Groups, where
small groups of people meet in homes to study God's word and pray together. The Church
holds regular corporate prayer meetings on Thursday evenings and Sunday momings.
Additional meetings are held for men's and women's ministry.
The Church is committed to both local and global mission. During 2024125 we continued
to engage the local community through the weekly provision of English classes and the
Friendly Club for the elderly. During the winter months the Church specifically provided
'The Vine. as a weekly meal and social evening for people who are vulnerable, lonely or
homeless in Streatham.
The Church is a member of the Love Streatham (https:I1wv￿. lovestreatham.orgl) group of
churches which seeks to support the homeless people in our area and to support
community activities, counselling and poverty relief.
Specific outreach initiatives were held for Easter and Christmas 2024. These both
included street evangelism and a range of activities at the church including a barbecue,
activities for children and opportunities for spiritual reflection. The local mission team,
which was established following the Easter 2024 events has gone out into the community
monthly.
Globally, the Church has continued to support a range of missionaries and Christian
projects in the UK and in Peru, Ghana and Pakistan. We said goodbye to a range of
missionaries who we have been supporting over the past decades. New links have been
established with a couple serving with WEC in northern France, and we have established
a church relationship with WEC, Tearfund and Open Doors, whom we will support
financially through our giving in the years to come.
A particular focus this year has been developing our discipleship ministries. A one-to-one
discipleship scheme has been launched supported by training and supervision.

STREATHAM BAPTIST CHURCH
CHURCH LEADERS, REPORT FOR THE YEAR ENDED 31 MARCH 2025
CONTINUED
Leadership and Administration
The appointment of the new Senior Minister was a highlight of the year. Visits by Bruce
Nadin and his wife Louise, including opportuniti8s for Bruce to preach to the church at two
services and to meet members over a period of more than a week, led to a near unanimous
vote to appoint him as our new Senior Minister in September 2024, and him taking office
at the beginning of March 2025. Following Bruce's appointment, we are looking to
strengthen the staff team through the appointment of an Associate Minister and an Office
and Communications Coordinator in the coming year.
The limited ministerial capacity over the past few years has provided opportuniti8s for the
remaining Staff Team, Trustees, and Volunteers to take on additional responsibilities. It
has been encouraging to see Members stepping up to fulfil these roles.
The Board of Trustees became fully staffed during the year, with a total of ten elected
Trustees plus the Ministers, each with portfolios covering the range of activities of the
church.
Further work was undertaken to help the Church to move towards becoming a Charitable
Incorporated Organisation (CIO). The Charity Commission registration of SBC as a CIO
took place on 13 August 2024. The plan is to complete the transf8r of assets and liabilities
from the unincorporated charity to the CIO towards the end of 2025.
Last year we reported on the breakdown of our church boilers in December 2023 and the
necessity to find a heating system that would be fit for purpose and address the heating
problems experienced in the past. This added to the challenges we were already facing.
We are thankful for church members who managed this project through to a successful
conclusion, leading to restoration of heating for the 2024125 winter season.
We all give thanks to God that through the sacrificial giving of Members and his ongoing
provision, there continue to be sufficient fInan￿S to meet the Church's needs.
Financial Review
Unrestricted Funds
The Church adopted a balan￿d budget for the year.
Offerings and donations were above budget for the first time in many years, and were
supplemented by greater than anticipated interest payments from bank deposits. Renting
out of the Manse ended later than budgeted, leading to higher-than-expected income.
However, detailed inspection of the property revealed that extensive repairs will be
required, including a new roof.
Expenditure was considerably lower than budgeted, principally due to the part-time
Communications Co-ordinator leaving at the end of July and the appointment of the new
full-time Senior Minister much later in the year than had been budgeted. It became clear
that, despite a rigorous tender process, replacement of the boilers and heating system in
the church building would be more expensiv8 than had been anticipated and on 25 July
2024 Members agreed to commit a further £40,000 from Reserves to fund the work. In
addition, considerable efforts were made to minimise costs.
Overall. income exceeded expenditure by £81,759 before transfers and gainsllosses.

STREATHAM BAPTIST CHURCH
CHURCH LEADERS, REPORT FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED)
Designated Funds
Designated Funds comprise unrestricted funds that have been set aside by the Trustees
for particular purposes. The aim and use of each Designated Fund is set out in Note 10.2
to the accounts.
Restricted Funds
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 particular purposes. The
cost of raising and administering such funds are charged against the specific fund. Most of
these funds exist to manage the financial transactions of self-funding groups operating as
part of the ministry and mission of the Church. The purpose and use of each restricted fund
is set out in Note 10.3 to the accounts.
Reserves
The Church's Reserves Policy slates the reasons why the Church should hold reserves,
the target level for reserves and monitoring and management of the reserves. This policy
enables the Church's Trustees to properly manage the Church's finances, including
safeguarding the Church's assets and responsibly managing the Church's financial risks in
accordance with their legal responsibilities.
At the year end, the charity had total funds of £5,601.657, of which £5,468,878 was
unrestricted, £79,376 was designated and £53,403 was restricted.
The Net Current Assets at the end of the financial year were £439,603. The actual level of
free reserves (using the Charity Commission definition) held at 31 March 2025 was
£318,987 (£272,035 in MarGh 2024). This is above the target level of £108,323 (one-third
of the 2024-2025 Unrestricted Funds Budget) (£117,988 in 2023-24) because of the smaller
than anticipated Staff Team. In setting the level of the reserves the Trustees considered
key financial risks in relation to the continuity of the operation of the Church's charitabl8
activities, including maintenance of ageing buildings, and unexpected disruption to cash-
flow. The Trustees have agreed that this level of reserves is reasonable because of the
need to undertake unplanned works on the manse in 2025. The full cost of these works has
still to be calculated.
The designated and restricted funds detailed in Notes 10.2 and 10.3 to the accounts are
not included in these free reserves.
Fundraising
Other than publicly inviting an offering at each worship service, we do not engage in
persistent fundraising or intrusive fundraising praCtI￿S with any of our donors. including
vulnerable people, and we never have private or coercive discussions with individuals
about their giving. Our fundraising practices are ethical and in accordance with Biblical
principles and our Fundraising Policy. No complaints were received about our fundraising
practI￿S.
Risk Management
The Leaders of Streatham Baptist Church (SBC) acknowledge their responsibilities as
Trustees of SBC to ensure that SBC has appropriate risk management processes in place for
the identrfication, assessment and management of risks faced by SBC. They have created

STREATHAM BAPTIST CHURCH
CHURCH LEADERS, REPORT FOR THE YEAR ENDED 31 MARCH 2025
CONTINUED
appropriate risk management plans and documents, which are regularly reviewed so that
significant risks can be addressed in a timely manner.
During 2024-25, the Trustees approved several revised risk managem8nt policies, including
the Health and Safety Policy and the Complaints Policy. They oversaw the creation of a new
Constitution and other preparation for the registration of SBC as a Charitable Incorporated
Organisation (CIO) with the Charity Commission: this took place on 13th August 2024. In
addition. several new Trustees were elected and a new Senior Minister appointed, thus
strengthening the Trustee team. The Trustees also approved a Risk Management Plan for
2025-26, which includes recruiting more staff, triennial safeguarding training, review of more
policies and procedures and transfer of assets and liabilities from the unincorporated charity
to the CIO.
The SBC Leaders, as Trustees, are satisfied that major risks have been reviewed and systems
or Pro￿dureS have be8n or are being estsblished in order to manage those risks. The
Trustees remain alert to any emerging risks and seek to address these by identifying and
prioritising key actions as well as monitoring and evaluating existing systems of control or
mitigation measures.
Structure, Governance and Management
The Church was established in its present form by a Deed of Trust on 31 December 1875,
which was enrolled at the High Courts of Justi￿ (Chancery Division) on 8 March 1876.
The Church was an Excepted Charity until 30 September 2009, when, following changes in
Charity Law, a new Constitution was passed by the Church Meeting on 24 September 2009
and the Church was registered as a Charity (number 1132313) on 23 October 2009.
A further amended Constitution was passed by the Church Meeting on 6 March 2022 to
accommodate online Church Meetings due to the Covid-19 pandemic.
The Church is also a member of the Baptist Union of Great Britain and of the London Baptist
Association. both of which are Registered Charities.
The Church was registered as a Charitable Incorporated Organisation (CIO) on 13 August
2024. The new CIO (Charity number 1209583) was formed to take over the operations and
funds of the existing unincorporated charity. The Trustees plan that the transfer of assets to
the CIO will take place towards the end of 2025.

STREATHAM BAPTIST CHURCH
CHURCH LEADERS, REPORT FOR THE YEAR ENDED 31 MARCH 2025
CONTINUED
Statement of Church Leaders, l Trustees, responsibilities
The Church Leaders are the Charity Trustees and are therefore responsible for tha general
oversight of the Church and for its strategic direction. The present structure of Church
Leadership was intrOdU￿d on 1 September 1996.
Rev Nathan McGuire, Rev Christopher André-watson and Rev Bruce Nadin were appointed
Leaders of the Church on account of their ministerial appointments with th8 Church. The
Church Leaders l Trustees are appointed by the Church Members, Meeting.
The Trustees are responsible for preparing the Trustees, Report and the financial statements
in accordance with applicable law and United Kingdom Accounting Standards, including
Financial Reporting Stsndard 102: The Financial Reporting Standard applicable in the UK and
Republic of Ireland {United Kingdom GenerallYAC￿Pted Accounting Practice).
The law applicable to charities in England and Wales requires that the Trustees must not
approve the financial statements for each financial year unless they are satisfied that they give
a true and fair vi8w of the state of affairs of the charity and of the income and expenditure 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.,
make judgements and 8Stimates that are reasonable and prudent.
state whether applicable accounting standards have been followed, subject to any
material departures disclosed and explained in the financial statements. and
prepare the financial statements on the going COn￿M basis unless it is inappropriate to
presume that the charity will continue in business.
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 tha Charities Act 2011, the Charity (Accounts and
Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for
safeguarding the assets of the charity and hence fortaking reasonable steps forthe prevention
and detection of fraud and other iThegularities.
Signed on behalf of Leaders of Streatham Baptist Church on
ruce Na
Senior Minister
r. Keith Chafles Foster
easurer

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF STREATHAM
BAPTIST CHURCH
Opinion
We have audited the financial statements of Str8atham Baptist Church (the 'Charity') for the
year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance
Sheet, and notes to the financial statements, including a summary of significant accounting
policies. The financial reporting framework that has been applied in their preparation is
applicable law and United Kingdom Accounting Standards. including Financial Reporting
Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland
(United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial ststements:
give a true and fair view of the state of the Charitys affairs as at 31 March 2025 and of its
incoming reSoUr￿S and application of resources for the year then ended.
have been properly prepared in accordance with United Kingdom Generally AC￿pted
Accounting Practi￿.
have been prepared in accordance with the requirements of the Charities Act 2011 .
Basis for opinion
We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS
{UK) and applicable law. Our responsibilities under those stsndards are further described in
the Auditor's responsibilities for the audit of the financial statements section of our report. We
are independent of the Charity in accordance with the ethical requirements that are relevant
to our audit of the financial ststements in the UK, including the FRC'S Ethical Standard and
the provisions available for small entities and we have fulfilled our other ethical responsibilities
in accordance with these requirements. We believe that the audit evidence we have obtained
is sufficient and appropriate to provide a basis for our opinion.
Financial statements prepared on a basis other than going concern
We draw attention to note 1 which explains that, as a consequence of the transfer of the assets
and liabilities of the charity to a charitsble incorporated organisation, the charity is no longer
considered to be a going COn￿rn. The note explains that the financial statements have
therefore b8en prepared on a basis other than that of a going concem, albeit with the
expectation of continuing its activities as a charitable incorporated organisation. The note also
explains the expected impact of the use of the altemative basis on the financial ststements.
Our opinion is not modtfied in this respect.
Our responsibilities and Ihe responsibilities of the trustees with respect to going cOn￿M are
described in the relevant sections of this report.
other infonnation
The other information comprises the information included in the annual report, including the
trustees, report, other than the financial statements and our auditor's report thereon. The
trustees are responsible for the other information contained within the annual report. Our
opinion on the financial statements does not cover the other information and, except to the
extent otherwise explicitly stated in our report, we do not express any form of assurance
conclusion thereon.
Our responsibility is to read the other information and. in doing so, consider whether the other
information is materially inconsistent with the financial ststements or our knowledge obtained
in the course of the audit, or otherwise appears to be materially misstated. If we identify such
material inconsistencies or apparent material misstatements, we are required to detennine
whether this gives rise to a material misstatement in the financial statements themselves. If,

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF STREATHAM
BAPTIST CHURCH
based on the work w8 have performed, we conclude that there is a material misststement of
this other infomiation, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the Charity and its environment obtain8d
in the course of the audit, we have not identified material misstatements in the trustees, report.
We have nothing to report in respect of the following matters in relation to which the Charities
Act 2011 requires us to report to you if, in our opinion:
adequate and proper accounting records have not been kept, or returns adequate for our
audit have not been received from branches not visited by us,. or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of trustees, remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.
Responsibilitles of the trustees
As explained more fully in the trustees, responsibilities statement, the trustees are responsible
for the preparation of the financial statements and for being satisfied that they give a true and
fairview, and for such internal control as they determine is necessary to enable the preparation
of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the Charity's
ability to continue as a going concern, disclosing, as applicable, matters related to going
concem and using the going concern basis of accounting unless the trustees either intend to
liquidate the Charity or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statemonts
We have been appointed as auditor under section 145 and report in accordance with the Act
and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as
a whole are free from material misstatement, whether due to fraud or error, and to issue an
auditor's report that includes our opinion. Reasonable assurance is a high lev81 of assuran￿,
but is not a guarantee that an audit conducted in accordan￿ with ISAS (UK) will always detect
a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material if, individually or in
the aggregate, they could r8asonably be expected to influence the economic decisions of
users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is
detailed below:
Based on our understanding of the charity, we identified that the principal risks of non-
compliance with laws and regulations related to employment, financial reporting legislation
and health and safety regulations and we considered the extent to which non-compliance
might have a material effect on the financial stat8ments. We also considered those laws and
regulations that have a direct impact on the preparation of the financial statements such as
the Charities Act 2011.

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF STREATHAM
BAPTIST CHURCH
We assessed the sUs￿Ptibl1itY of Ihe charity's financial statements to material misstaternent,
including obtaining an understanding of how fraud might occur, by making enquiries of
management, considering the intemal controls in place and discussion amongsl the engagement
team.
We determined that the principal risks were related to valuation of fix8d asset properties,
management bias in accounting estimates, presentation of separately disclosed items and
management override of controls.
In response to the risks identified we designed procedures which included, but were not limited to
reviewing property valuations. challenging significant accounting estimat8s, agreeing financial
statement disclosures to underlying supporting documentation, identifying and testing journal
entries. reviewing Trustees, minutes and evaluating the charity's internal controls.
There are inherent limitations in the audit procedures described above, The more removed that
laws and regulations are from financial transactions, thè less likely it is that we would become aware
of non-compliance. Material misstatements that arise due to fraud can be harder to detect than
those that arise from error as they may involve deliberate concealment or collusion.
A further description of our responsibilities for the audit of the financial stat8m8nts is located on the
Financial Reporting Council's website at: WlMV.frc.org.uklauditorsresponsibilities. This description
fomis part of our auditor's report.
Use of our roport
This report is made solely to the Charity's Irustees, as a body. in accordance with Part 4 of the
Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that
w8 might state to the Charity's trustees those matters we are required to state to them in an auditor's
ieport and for no other purpose. To the fullest extent permitted by law, we do not accept or assume
responsibility to anyone other than the charity and the charity's trustees as a body, for our audit
work, for this report, or for the opinions w8 have formed.
ALLdiP
Xeinadin Audit Ltd
5 Robin Hood Lane
ststutory Auditor
Chartered Accountants
Sutton
Surrey
Dale:
2025
SM12SW
Xeinadin Audit Ltd is eligible for appointment as auditor of the charity by virtu8 of its eligibility for
appointment as auditor of a company under section 1212 of the Companies Act 2006.
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STREATHAM BAPTIST CHURCH
BALANCE SHEET AS AT 31 MARCH 2025
Notes
As at 3110312025
As at 3110312024
Fixed assets
Tangible assets
5,162,054
4.915,408
5,162,054
4,915,408
Current assets
Debtors
Cash at bank and in hand
24,318
425,693
65.264
392.258
450,011
457.522
Current liabilities
Creditors= Amounts falling due in
one year
{10.408)
{14.9)3)
Net current assets
439,603
442,619
Total assets less current Ilabllltles
5,601,657
5,358,027
Net assets
5,601,657
5.358,027
Represented by Funds
Unrestricted - General fund
10.1
5,468,878
5.175,280
Designated funds
10.2
79,376
135,746
Restricted funds
10.3
53,403
47,001
Total funds
5,601,657
5,358.027
Signed on behalf of Leaders of Streatham Baptist Church on
Rev Bruce Nadin
Senior Minister
ter
reasurer
12-

STREATHAM BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. Accounting policies
Charity information
Streatham Baptist Church is an unincorporated charity (No 1132313). The Church is based
at 22 Lewin Road, Streatham, SW16 6JR.
1.1. Basis of preparation
These accounts have been prepared on an accruals basis (under the historic cost
convention as modified by the revaluation of land and property) and in accordance with the
Charities Act 2011, the Charities Statement of Recommended Practice (Charities SORP
(FRS 102)) and the Financial Reporting Standard 102 (FRS 102). The Church has taken
advantage of the exemption in the SORP from the requirement to produce a cashflow
statement on the grounds that it does not qualify as a larger charity.
The Church meets the definition of a public benefit entity under FRS 102. The accounts are
prepared in pounds sterling rounded to the nearest pound.
1.2. Going concern
The Church was registered as a Charitable Incorporated Organisation (CIO) on 13 August
2024. The new CIO (Charity number 1209583) was formed to take over the operations and
funds of the existing unincorporated charity. As this involves a consid8rable amount of work,
the Trustees plan that the transfer of assets and liabilities to the CIO will take place towards
the end of 2025.
As a consequence, the continuing activities of the unincorporated charity will cease from the
date of transfer although the activities of the charity are expected to continue under the new
charitable incorporated organisation. The unincorporated charity is therefore no longer
considered to be a going concern. The financial statements have therefore been prepared
on a basis other than that of a going concern.
After reviewing the forecasts and projections of the new charity, the Truslees have
reasonable expectation that the new charity will have adequate resources to continue in
operational existence for the foreseeable future. The change of legal structure will therefore
not result in any significant change to the presentation, classification or valuation of the
transferred assets and liabilities.
1.3. Fund Accounting
The funds held by the Church are either:
Unrestricted general funds - these are funds which can be used in accordance with
the Church's objects at the discretion of the Trustees.
Designated funds - these are funds set aside by the Trustees out of unrestricted
general funds for specific future purposes or projects.
Restricted funds
these are funds that can only be used for particular restricted
purposes within the objects of the Church. Restrictions arise when specified by the
donor or when funds are raised for particular restricted purposes.
13-

STREATHAM BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. Accounting policies (continued)
1.4.Income
Donations and other income (inGluding legacies) are included in the Statement of Financial
Activities (SOFA) when the charity has entitlement to the income, it is probable the income
will be received and the amount of income receivable can be reliably measured.
1.5. Expenditure
This is included in the Statement of Financial Activities on an accruals basis, inclusive of all
VAT (which is not recoverable). Expenditur8 which is directly attributable to specific activities
has been included in these cost categories. Where significant Gosts are attributable to more
than one activity, they have been apportioned across the cost categories on a basis
consistent with the use of these reSoUr￿s.
All expenditure is accrued as soon as a liability is considered probable, discounted to
present value for longer term liabilities and has been classified under headings that
aggregate all costs related to the category.
Charitsble expenditure comprises those costs incurred by the charity in the delivery of its
activities and services for its beneficiaries. It includes both costs that can be allocated
directly to such activities and those costs of an indirect nature necessary to support them.
Governan￿ costs are those costs associated with meeting the constitutional and statutory
requirements of the charity and include accountants, fees and costs linked to the strategic
management of the charity. These have been allocated directly to charitable expenditure.
1.6.Grants Paid
Grants and donations are accounted for when paid over, or when awarded, if that award
creates a binding obligation on the church.
1.7. Penslons
The church pays contributions to the Baptist Pension Scheme which is a defined contribution
scheme. Contributions were paid in the period in which they were due.
1.8. Taxatlon
The ChurGh is not liable for tax on its charitable activities.
1.9.Tanglble fixed assets
Freehold property is stated at fair value at the balance sheet date and the gain or loss in the
year is reflected in the Statement of Financial Activities. Freehold land is not depreciated.
Where the carying value of freehold buildings is in excess of the residual value, no
depreciation is charged.
Other fixed assets are initially measured at cost and subsequently measured at cost, net of
depreciation.
Depreciation is recognised so as to write off the cost of assets less their residual values over
their useful lives on the following bases:
Church, Office and Kitchen Equipment incl. Computers >£500
Fixtures {e.g. boilers, noticeboards)
10.0'/0
14-

STREATHAM BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. Accounting policies (continued)
1.10.
Debtors
Grants receivable and other debtors are included at the settlement amount due.
Prepayments are valued at the amount prepaid.
Short-term deposits
Short-term deposits include cash and short term highly liquid investments with a maturity of
between three and twelve months from the date of the opening of the deposit.
1.12.
Cash at bank and in hand
Cash at bank and in hand includes cash and short-temi highly liquid investments with a short
maturity of three months or less. Deposits are held at call with banks, Baptist Union, and
London Baptist Property Board.
1.13.
Creditors and provisions
Creditors and provisions are recognised when the charity has a present obligation arising
from a past event that will probably result in the transfer of funds to a third party and the
amount due to settle the obligation can be measured or estimated reliably. Creditors are
recognised at their settlement amount. Provisions have been calculated at the best estimate
of the settlement amount and then discounted back to present value at the reporting date.
1.14.
Financial instruments
The charity only has financial assets and liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and
subsequently measured at their settlement value.
15-

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STREATHAM BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
3. Expenditure
Charitable activities
2025
2024
Unrestricted Designated Restricted
funds
funds
funds
Total
Total
Ministry Costs
Staff costs
Other ministry costs
Volunteers
Staff training
46,341
4,533
1.464
359
52.697
46,341
7,312
1.464
359
55.476
51.583
4,534
2,737
374
59.228
2,779
2.779
Mission
Staff costs
Mission grants
Youth work
Other mission costs
8.499
13.927
1,726
2,600
26.752
8.499
14,187
6,489
6,700
35,875
7,909
12,580
5.943
4,308
30,740
260
4.763
4,100
4.100
5.023
Upkeep of Premises
Staff costs
Utilities
Church running costs
Church and manse repairs
Depreciation
27,529
13,034
7,577
20,178
11,787
80,105
27,529
24.241
13,034
15.704
7,817
7.906
37,594
54,515
11,787
1.638
97,761 104,004
240
17,416
17,656
Office Staff
Staff costs
59,519
59,519
63,368
Office running costs
Office Supplies
Telephone
IT Contract, Hardware and
Software
Subscriptions & Licences
Communications
4,173
4,397
5,911
4,173
4,397
5,911
4.664
3,826
8,170
5,859
3,389
23,729
5,859
3,389
23,729
6.002
1.711
24.373
Governance costs and other expenditure
Audit Fees
Bank charges
Legal fees
Accounts support
6,600
943
941
6,600
943
941
5.940
973
2,400
10.274
8,484
8.484
Total expenditure
251,286
21,756
7,802 280,844 291,987
17-

STREATHAM BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. Net income l (expenditure)
Net income l (expenditure) includes depreciation of £11,787 (£1,638 in 2024).
5. Staff costs
2025
2024
Wages and salaries
Social security costs
Pension costs
Travel
Housing
Telephone
Book Allowance
Other
Total
112,214
5,144
10,815
123.005
5.397
12,086
425
5,036
888
114
150
147,101
13,084
618
13
141,888
The average monthly number of remunerated Staff members (￿E) during the year was:
2025
2024
Ministry and Pastoral
Mission
Premises
Administration
Total
0.25
0.25
1.17
3.65
No employees were paid over £60,000 (2024: None}.
18-

STREATHAM BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
6. Tangible fixed assets
Freehold
property
Church
Equlpment
Office
Equlpmant
Kltchen
Equipmént
Total
Cost I Valuation
At 1 April 2024
Additions
Disposals
Revaluation
4,915,000
116,069
113,142
(24,967)
22.121
19,469
648
5,072,659
113,790
(24,g67)
144,643
144.643
At 31 March 2025
5,059,643
204,244
22,121
20,117
5,306,125
Depreclatlon and
impairment
At 1 April 2024
Depreciation charged in the
year
Eliminated in respect of
disposals
115,661
22,121
19.469
157.251
11,722
65
11.787
24.967
24.967
At 31 March 2025
102,416
22,121
19,534
144.071
Carrying amount
At 31 March 2025
5,059,643
101,828
583
5,162,054
At 31 March 2024
4,915,000
408
4,915.408
The original cost of the properties is not known. All properties were valued al 31 St March 2023 by independent
Chartered Surveyors (Land Commercial Surveyors Ltd and Gateway Surveyors) at fair value.
Since then, the trustees have updated their estimate of fair value using similar methodology and indices.
At 31st March 2025, the properties were valued as follows..
Church Buildings £3,594,552
Christian Fields {the Manse) £843,851
Lewin Road £621,240
The next formal valuation is due in March 2028.
19-

STREATHAM BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
7. Debtors
2025
2024
Amounts falling due within ona year:
Income tax recoverable (Gift Aid)
Other debtors
Prepayments and accrued income
13,412
14.375
40,853
10.036
65,264
10,246
24,318
8. Creditors
2025
2024
Amounts falling due within one year:
Accruals and deferred income
10,408
14.903
9. Analysis of net assets between funds
2025
General
Fund
Designated
Funds
Restricted
Funds
Total
Fund balances at 31 March
2025 are represented by:
Tangible assets
Current assets
Liabilities
5,149,891
329,097
10,110
12,163
67.511
298
5.162.054
450,011
{10,408)
53,403
5.468,878
79,376
53,403
5,601.657
2024
General
Fund
Designated
Funds
Restricted
Funds
Total
Fund balances at 31 March
2024 are represented by:
Tangible assets
Current assets
Liabilities
4,903,245
286,512
14,477
12,163
123,715
132
4,915,408
457.522
14,903
47,295
5,175.280
135,746
47.001
5,358,027
-20-

STREATHAM BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
10. Funds
10.1 Unrestricted General Funds
Balancg at
1 Aprll 2024
Income
Expgndlture
Transfors
Galnsllloss•$)
Balance at
31 Mar¢h
2025
GenvAal fund
5,175.280
333,045
{251,286)
{251,286)
67,196
144,643
5.468,878
5,175,280
333,045
67.196
144.643
5.468,878
Balance at
1 April
2023
Income
Expenditure
Transfgrs
Gain￿(105$es)
Balan¢e at
31 March
2024
General fund
5.119,840
348,925
(256.985}
{256,985}
{36,500)
136,500)
5.175,280
5.119,840
348,925
5,175,280
10.2 Designated Funds
Balance at
1 April
2024
BalanGe at
31 March
2025
Income
Expenditurg
Transfers
Chrfslan Fields
17.551
19.484
17,6911
29.344
Equipment Accrual
20,750
112,693)
8.057
Events
105
105
Fees- Paid to People for Funcliong
Harvest OfferSng
Thank Offerfng (Annlversary)
Photocopler Accnjal
Premlses Reserve
140
140
{2401
11,4221
12.048)
1,422
9.000
2,000
11,000
80,818
12,9131
16301
{6,8121
155.253)
22,652
Chrfstmas
492
Lewn Road
7,382
7.600
8.170
135.746
31.186
21,756
65,800
79.376
Balance at
1 Aprll
2023
Balance at
31 March
2024
Income
Exp8nditure
Transfers
Christian Fields
16.420
28,980
112.8491
(15,000)
5.000
17.551
Equlpment knrual
Events
15,750
20.750
105
105
Fees- Pa￿ to People for Functions
Harvest Offerlng
Photocopier Accrual
Premises Reserve
200
240
{3001
11,0971
140
50
1,047
7,500
1.500
9.000
41.235
15.4171
{414}
15,8681
45,000
80.818
Christmas
30
Lewn Road
8.600
7.382
87.940
37.251
25,945
36.500
135.746
21

STREATHAM BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
10.2 Deslgnated Funds (continued)
Christian Fields
The purpose of this fund is to manage the rental income and propety
management outgoings of this propety during our interregnum period. Now that our new Senior
Minister is in residence surplus funds will be used to partly fijnd works required to the propety.
including to the roof (including insulation) and the garage.,
Photocopier and Equiprnent Accrual Funds The purpose of these funds is to facilitate planned
purchases of equipment e.g.. photocopier accrual"
Events - This fund contains monies collected for specific events {e.g.. fares for travel to an extemal
event).,
Hire Funds - The purpose of these funds is to enable good management of hire fees and deposits
held on a temporary basis"
Harvest Offering- This fund receives the annual Harvest Offering prior to distribution to the charities
which have been selected to benefit that year.,
Thank Offering - This fund receives the annual Church Anniversary Offering prior to distribution to
the charities which have been selected to benefit that year;
Premises Reserve - The purpose of this fund is to enable major repairs and renovations to Church
premises to be well managed without regard to the financial year end-,
Christmas - This fund contains the Christmas Day Collection which is donated as a Christmas gift
to missionaries associated with the Church. It indudes £146 transferred from the Missionary Fund
for the Christmas gift.,
Lewin Road - The purpose of this fund is to manage the rental income and property management
outgoings of this mixed-use property. Surplus funds are returned to the General Fund which
provided the resources for substantial renovation on this property.
10.3 Restricted Funds
Balance at
1 April
2024
Balance at
31 fvlarch
2025
Income
Expendlture
Transfers
Conferences
1,452
1991)
461
Jelty Tots
Men's Meetiros
1,284
1.284
80
{221
58
Mission
25
766
(146)
{1.2501
Speryfied (X
Women's Meelings
26.031
4.670
12601
(176}
11,121)
29.191
181
Young Adults Missional Community
Youth Holidays
Friendly Club
388
1.790
1,057
1.337
1.337
15.970
8.193
15,2321
18.931
47.001
15,600
7.802
1.396
53.403
22-

STREATHAM BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
10.3 Restricted Funds (continued)
Balance at
1 April
2023
Balance at
31 Marth
2024
Income
Expenditure
Transfers
Conferences
1.552
{1001
1.452
Jelly Tots
1.284
1.284
Men's Meetings
Mission
750
{7901
12,6891
12501
18871
25
Specified Gifts
Women's Meeting5
Young Adults Mi55ional Community
Youth Holidays
Friendly Club
6.575
22.145
26.031
434
800
475
388
1.337
1.337
15.502
{4,3411
15.970
27,879
28.179
19.057
Conferences - This fund accounts for all church conferences income and expenditure"
Jelly Tots This fund accounts for all the financial transactions of this caring adults and toddler
group
47.001
Men's Meetings - This fund accounts for all the financial transactions of the Men of Destiny Group
which is self-funding and meets with the aim of providing support and encouraging spiritual grovrth
and fellowship for the men of the Church through various events.,
Mission Fund -The purpose of this fund is to ensure that all gifts (and any associated tax recovery)
given by Church Members and friends to missionary charities and mission trips specified by them
are passed on to the specified beneficiaries. £146 was transferred to the Christmas Fund which is
traditionally used for a Christmas Gift to our missionaries.
Specified Gifts - The purpose of this fund is to ensure that all gifts (and any associated tax recovery)
given by Church Members and friends to charities and other good causes specified by them are
passed on to the specified beneficiaries. The income includes a £4,000 legacy which was given to
support the redevelopment of the Church garden. £1,250 given towards the cost of the new heating
system was transferred to the General Fund,.
Women's Meetings- This fund accounts for all the financial transactions of the Women of Purpose
Group which is self-funding and meets with the aim of encouraging spiritual growth and fellowship
among the women of the Church.,
Young Adults This fund accounts for the financial transactions of On the Edge, which is a self-
fijnding group that aims to meet the spiritual needs of people aged 18-35 who may find it difficult to
engage in conventional church expressions.
Youth Holidays - This fund accounts for all the financial transactions associated with holidays and
other outings that will benefit the spiritual. physical and emotional well-being of those attending
Church youth activities.,
Friendly Club- This fund accounts for all the financial transactions of this weekly club which is self-
funding and aims to provide activities for older persons which stimulate their physical, mental and
spiritual life in a supportive and friendly atmosphere. The income includes a £2,500 legacy gift given
in September 2024.
-23-

STREATHAM BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
11 Pensions
Since April 2017 all eligible Staff have been automatically enrolled in the Baptist Pension Defined
Contributions (DC) Scheme. which is not contracted out of the State Second Pension.
At 31 March 2025, five members of Staff were enrolled in the Scheme.
The pension cost and charge represent contributions payable by the Church into these funds and
amounted to £10.815 (2024.. £12,086).
12 Related party transactions
Two Trustees who are both ministers received payment as they are paid members of staff of the charity.
Section 23 of the Church Constitution states that, °Notwithstanding that a Minister or Ministers appointed
by the Church are Charity Trustees they will be entitled to be paid an agreed remuneration or stipend
out of the general funds of the Church." The amounts below include pension contributions, travel &
mileage. mobile phones, book allowance. accommodation, and moving cost.
2025
2024
Rev Bruce Nadin
Rev Chris André-watson
Rev Nathan McGuire
12,494
31,624
29,230
17,817
47,047
44,118
Total remuneration of Key Management Personnel, which comprises the total remuneration of the above
Trustees, amounted to £44,118 (2024: £47,047).
In addition, two Trustees (2024: thirteen) including ministers received expenses totalling £1,629 (2024:
£98) in respect of travel. training and books.
The Trustees gave unrestricted donations totalling £43.356 (2024: £46.250) to the charity.
There were no other related party transactions.
-24-