Company registration number 07028173 (England and Wales) Ch•rfty r•gl$tratloD numbgr 1132335 (England and Wales) VICTORIA BAPTIST CHURCH TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 VICTORIA BAPTIST CHURCH TRUST LEGALAND ADMINISTRATIVE INFORMATION Trust••8 Ravd C Short MrSDJJupp Mr S D Francis DrTAKtng A M Phlllips rs PABurr IAppoinlad 26 November 20251 IAppoSnled 26 Novomber 20251 IAppolnl•d 24 Sgptember 20251 IAppo5nled 24 Sgplember 20251 MrRJKirk MrsDLMD8an Mr8 J R Brunson ountry of Incorporatlon United Kingdom (England and Wales) Company reglstratlon numhr 07028173 Charlty numb•r IEngl•nd and Waleil 1132335 Prlnclpal addr••• Eldon Road E8slboum Eagl Sussex BN211UE Reg14t•r￿ offlc• Eldon Road Eastboumo E88t Sussex BN211UE Ind•pend•nt oxamln•r John Caladlne FCCA CTA FCIE Caladine Lirnllgd Chanty House 22 Upperton Road Eastbourn9 East Sussox BN21 1BF VICTORIA BAPTIST CHURCH TRUST CONTENTS Pago Tru8t&e8' report Slal8m8nl of Trusle88' responslbllilies Independonl oxamSn6rfs mport Stslemtrnl of financial a¢tlvllles Balance sheet Slalemènl of c88h flow8 Note8 to Ihe financiAI slalemenls 10-22 VICTORIA BAPTIST CHURCH TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2025 The Trustees present their annual report and financial statements for the year endad 31 December 2025. The financial slalements have been prepared in accordance with the accounting policies set out in note 1 to the financial sts18menls and comply with the Church's Memorandum and Articles of Association, th8 Companle8 Act 2006 and 'Accounling and RepL)rting by Charities: Slalemenl of Rocommended Prartice appllcable lo charllles prvp¢llilly Ilieir accounts in accordance with tho Financial Reporting Standard applicable in the UK anrl RApiJhllr of Ireland IFRS 1021" leffecllve 1 January 20191. Objectlves and adiviti88 The Church's objects'ves are.. a) the advanc8m8nl of tha Chrlsllan fallh 8ccordlng to th8 Blblg ond the prfndples of the 8apllst denomlnallon. b) the church m8y also advance education, relieve poverty and ¢arry out the other charitable purposes in tha United Kln9dom and glher parts of the world. The v161on slatsmont of Ihg church18 Wctorls B8pllsl Church 8xlsls lo $99 Jesus Chrtst honoured In E8slboume and beyond las noted in 2020 Trustees Report}. A wide varlely of other g8lherings and org8nlsallons also mo01 and operate under the auspicos of Victorla Baptist Church in line with ils vision and objects. Publlc beneflt Tho TnJsl88s have pald due règard lo the Publlc 88n8fil guld8nce 188ued by thè Charlty CommS8Blon In decldlng whol aclivilies the Chiirch sh¢iiild undertake, Achl•v•ments and perform•n¢• Slgnific8nl activltles antl 8chlevements again81 objgclives Victoria Bapllsl Church Trust provld&s a large number ol aclivi11gs whSch fall wlthln Its purpose and alms. AS 118 Governing Document dgs¢rib&s, the purpose of Ihe church is the advonc8menl ol the Christian fallh in o¢cordanc& with the princlples of th8 Blblè and the practlces of the Baptist D9nominatlon. These alm5 are carried out both by $tgff learn and volunteers seNlng the church 8 varlely of dlfferent ways, During the year, Ilvg and onllne servlces, Blble studies. pray8r m88llngs, Llle groups and youth and Ghildrgn'5 work were provided. 11 pgople were bapllsed. We continued th¢ work of the Christians Against Poverty Debt Cenlre, with 7 cllenls becoming debt fr88, and a lolal of £87,59S in client d8bts wer9 written off in 2025. We distributed 43 Chrlslmas hamp8rs lo famllle8 wilhln the CAP mlnlslry. Each hamper included everything needed for a Chri$lma8 dinner, along with some treats and glfts. Over 120 people b8nefilted from this. Over 200 Christmas gifts were bought by memb8rs of Ihg ¢hurch lo glve lo young peoplè leaving the EastboLJrne care system as a respons8 to our Glvlng Tree appeal. We olso advanced the 'Community Fridge, minislry," reducing food waste, alleviating food poverty and reaching an averago of 50 f8mllles per week. The Community Fridge also ran breakfast clubs during the Easter and Summer holidays, providing a free broaklasl and snacks to famllSes one day per week. The Fridge was also able lo offer oxlra food to clSents for the Christrnas period. The pastoral vlsiling team continued to grow and serve the church. 1 Alph8 course look place and the emphasis r)n the developm&nl of Life GrDUPS wilhln lh8 church continued. The group for 18-35 year olds, which was eslablishgd in the latter part of 2023, conlinugd lo me81. The ministry for Dlsciploship continued. wllh 2 staff members working log8ther lo provide dlscipleship for man and women with the a55iStan¢e ol a leam of volunteers. Other organls81ions such as men's and women's fellowships also continued lo provlde support to additional sour¢95 of worshlp and leaching which wmplemeni the Sunday servlces. OihEf F)iUjtrLl¥ wiiiKJlei))vnl the mini51ry of th9 Church with events for young people in thg Iocglily includlng Girls, Brigade, and Friday clubs for children and youth. The church also ha8 a team who provide voluntary marshalllng services for many communlty events In Eastbourne 8nd beyond. The church continue8 to fulfil Ils oblectives by supportlng local Ini118tlvey for the relief of suffering and poverty li.e. NetworA} and a varlgty of mlssion projects including SUPPOrtlng a church in Lebedyn. Ukraine. VICTORIA BAPTIST CHURCH TRUST TRUSTEES. REPORT IINCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 People in the locality continue lo make extensive use of the church's buildings and facilltles. Among the many groups using our facSlltles are Rock Choir, the Blood Donation S&rvic8 and U3A. The church stalf ¢onlinu8 to administer and direct Ihls operalion under the leadership of the Corg Leadership Team. Many volunle$rs, who give of their lime and expertlse, are involvod In the delivery of Ihgse mlnSstrigs. A number of staff and volunteers have undertakon Flrè Safety training and 2 members of staff btrgan devglopmenl courses during the y88r. W& 8mployed a new member of staff in S8pt•mber 2025 a5 Head of Family Ministries. 2025 was our ¢enlenary year, and we celebrated in June with a weekend of events includino a concert. an Open Day and a church plcnlc. Gifts and donations are given lo organisalions and indlvSduals In accordance with th8 oblecllves of the church. Thè church conllnues lo be supported largely by the $8crlficSal giving of its memb8rs and attendees. Glfts and donations in the year are Shown in Note 8. During the ye8r. a worklng group conllnued to Invo6119alo the posslbilily of convetlng 10 8 CIO. Thiy has Sncurred some legal fees. Flnancial revlew The Trust's regular gSving was insLrficient lo cover planngd 8xp8ndilure for the year. How8ver, the Tgspon5e to an appeal to the members encouraged a 3ignlncant number of ono off glfts whlch resulted In a surplus for the year of £32,992 provSdlng a buffor for 2026 unlll general glvlng Incre88è8 to a 18v81 lo fund the mini$tr185 tha church provldes. Rosorne$ pollcy 1118 the polloy of Ihg church lo hold an adequate levgl ol cash and readlly accessible reserves deemed suffldent to meet likely and ungxpected capital exp8ndilur8 needs. Sublecl lo donoVs requèsts, re8lrlcled funds are generally held lo meet 8pedfic purposgs or capllal projects. The policy of the church Is that a Charlty Reserve Fund equivalent lo 3 months expenditure should be m8Sntalned, holding cash which has not been designated for any specbfic purpose. The trustees consider that malntainlng a reserve of £82,000 wlll ensure that, In the 8venl of 3igntficanl drop In lundlng, th8y wlll be at>l& to conUnue th Church's current actlvllies, whlle conslderatlon 15 given to ways In which additional funds may be ralsed. Wg had a Food Hyglene In$pectlon in Jung and were awarded 5 $ler$. A Fire Risk 8ssessmont look place In July and 8 8chedulo of works has been drawn up wllh any araas ol ¢on¢em beSng addressed. The Annual Health and Safety inspedlon took p18¢e In OctobeT and again a schedule of work8 hes bgèn drawn up with any areas of con¢ern being addressed. Regul8r in8pectSons of our properties IManse8 and Church flatl continued, and remedial works have bee undertaken as n8e8ssary. On& of the manses had a naw roof, new hob, Tpdgcor8tion and clean. New bedroom carpels were also fittgd and the garden cleared & lidled. Any exc88s resgrves above the mlnimum level shown above represent funds whlGh need lo be accumulated for major capltsl projects & building work8 In the fulurg. Total reserv8s hekl at the end of the year wos £493,955, of whlch £259,013 was unrestricted. VICTORIA BAPTIST CHURCH TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Inv8Stm8ntpoli¢y The majority of monles arè Invested in deposit accounts with financlal insllluuons, the 8apli81 Union and M&G Charifund Income Unlls. The Trust seek5 to obtain the high8St po$$ible returns conslslenl T￿th a cautSous attitude lo risk and short lem avallablllty of such monies. The Trust has for a nUM￿r of years held M & G Charifund Units, whlch 8r8 5ublecl to Block market fluctuations. Th8S8 investments are easSly reallsable and the church is satisfied wlth the perfomance of theB8 inv&slments. The trustg9s have consldered the ma}or rlsks lo whlch the Church Is exposed In p8rtlcular those related lo thè operations and fin8n¢es of the Church. Thgy are satisfied that appropriale systems are In placa lo mltigale the Church's exposure lo such risks. lo safeguartj the assets of th8 Church and should prevent andlor detect frgud and olhar Irragularltlas. Plans for futuro p•rl¢d$ The church is seeking lo galn control of the church and hvo monsos from Ihe BUC who currenlly controls them through two Trusts. To do this the BUC has Instructed the church that il musl become a CIO In order lo dl8cu8s the transfer of conlrr)l. The BUC has agreed the CIO documenlalion. and it has been sent lo the Charlly Commisslon for pr8-8pproval prior lo converslon from a CLG lo a CIO being r891$1grod and taking effocl. Thls Should lake pla¢9 later In 2026, when we wlll then negotbale wllh the 8UC règardlng the Iransfor of the Irusl8 from BUC control to the new church CIO Ch8rf1y. Structure* govamanc• and manag•m•nt The Church Is a company Ilmlled by guarant99 and incorporated on Ihe 23rd Septèmber 2009 and cornm8nc&d actlvilie8 on the 1 January 2010 with the Iransf8r of assets and funds from Victoria 8aplist Chur¢h. an unlncorporaled ch8rlly. Victoria Baptist Church Is affiliated to th8 B8Ptlsl Unlon of Greal 8ritsin. and the Baptist Unlon Corporallon18 the sole Iruslee of thè chureh land. church bulldlngs and m8n8e propertle8 on beholf of the church. Full legal and admlnislralive information Is dlsplay8d on the flysheel lo the accounts. Tho trusleas, who ore also the dlreclors for the purposo of company law, 8nd who seNed durlng the year were.. Rovd C Short Mlss F Hall MrSDJJupp Mr S D Franc18 DrTAKlng A M Phillips Mr D Falrh&ad Mrs P A Burr MrRJKirk MrsDLMD8an Mrs J R Brunson (Reslgned 26 Novombor 20251 (Reslgned 31 July 20251 (Appointed 26 Novgmber 20251 IAppoinl8d 26 November 20251 (Appolnled 24 September 20251 (Appointed 24 September 20251 RgGruilmenl and appointment ol InJsleg$ VICTORIA BAPTIST CHURCH TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 The church Is managed on a day lo day basls by the ministerial legm In lial$on with Church p88toral 8nd administrative stsff. The over81ghl and leadershlp of the church is govarnod by the core leadershlp tsam who are the trustees. The Iruslees are appolnled by the church al o general meellng 88 dlclated by th8 oovemlng document and appropriate tralning Is given lo the Iruslees. None of the trustees, other than the Sonior Minister, who Is employed by the TNSI, h*8 any benefl¢181 Interest In the company. All of the trustees are members of the company and guarantee to contrlbule £10 In the event of a windlng up. Tho$8 accounts have been pr8par8d in accordance wllh the sp8clal provlslons relating to small companles wlthln Part 15 of thè Companle8 Act 2006. The Tru8le88' report was approved by th8 Board of Trustees. A M Phllllp8 Truste• Dale: VICTORIA BAPTIST CHURCH TRUST STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2025 The TnJstee$, who are also the directors of Vidoria Baptist Church Trust for the purp¢)se of company law, arg responBible for preparing the Trustees, Report and the financial slalements in accordanc8 with applicable law and United Kingdom AGcwnllng Stsndard8 {Unlled Klngdom Generally Accepted Accounting Praclicel. Company law requlres the Trustees lo prepare financial slalemgllts for each Ilnanclal ygar whlch glve a Irue and falr vlow of tho biul¥ ul *iffairs ol the Church and of the incoming r860urce8 and application of resourcgs, inp.IiJrtino tha Incon￿ and exp6ndlture, of the charflable company for that yèar. In preparing Ihese flnanclal 81alemenl8, th8 Trustees are requlr8d lo.. select suitable accountin9 pollcles and thèn apply them ¢onsislonlly'. observe Ihè methods and principl85 in the Charities SORP.. make judgements and esllmales that arè reasonable and prudonl.. slate whether applicable UK Accounting Standards have been follow8d. 8ubject lo any matgrwl departures dlsclosed and explalned in the financlal statsments.. and prepar8 the nnancial slalemen18 on the golng concem bas18 unless it18 Inapproprlate lo prgsume Ihal the Church will continue in oporallon. Thè Tru8lee$ are responslble for keeping 8d8qu8le accounllng records that disclosa wilh roasonable accuracy al any lime the flnanclal posllion of Ihg Church and enable them to ensurg that the financial slalem8nt8 comply wlth the Companies Acl 2006. They are also responslble lor safeguarding the assets of the Church and hence lor taking r•#8onabl8 steps for the pr8vgnllon and d8lectlon of fraud and other Irregularftl8s. VICTORIA BAPTIST CHURCH TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF VICTORIA BAPTIST CHURCH TRUST I report to the Trusleeg on my examlnallon of the financlal sl8lements of Victoria Baptist Church Trust Ithe Church) for th8 year ended 31 Decomber 2025. R•sponsibiliti•s and basls of report As the Trustees of the Church land also Its dlreclors for the purposes of company lawl. you are responsible for the preparation of the financial slalemenls in 8c¢ordan¢e wlh tho requirements of the Companies A¢1 2006. Ha￿ng sallsfied myself that the financial stalemgnts of the Church are not requlred lo b8 audited under Part 16 of the Companles Act 2006 and arg 91igible for Ind8P8nd8nt &xamlnaUon, l report In respect ol my examlnatlon of the Church's financial slatemonts carried oul under section 145 of the Charities A¢1 2011. In carying out my examination I have followed the Directions given by the Charity Commission under 88Ctlon 14515llbl of the Charitie8 A¢12011. Ind•p•nd•nt examlnorfs statomont Since the Church's gross income exceeded £250,000 your examlner musl be a member of a body lisled in section 145 of the 2011 Act. I conflmi that l am qualified lo und8rtake the examination btcause l am a memb8r of tho Assoclalon of Chartgrgd Cgrtir18d Ac¢ountsnts, which is onè of the Ilsled bodles. I hove completed my examlnallon. I confim) that no matters have como lo my attentlon In conn8cllon wllh the gxamlnalion glvlng me eaus& lo believ8 that in any mal&rfal respect.. accounting records wore not kept In re$ped of th8 Church as requlrèd by 88ctlon 386 of the Companles Act 2006. tha financial slalements do not accord wllh those records; or tho financial slalem8nts do not comply wllh the ac¢ounling r8quir8menl$ of $8clion 396 of th6 Compan188 Act 2006 other than any requiremgnt that the financiBI 818lemgnl$ glve a true and falr vlew, whlchlg not a maltsr consldored as part ol an Independent examin8tlon'. or the financlal slo18m8nls have not been prepared In accordance wlth Ihe melhods and ￿ncIpleS of the Statement of Ro¢ommended Practice for È¢countlng and roporting by chadlies appllcablg lo charlties preparlng thelr finanoial sialemerits in accord4nce with the Fin8nclal Reportlng Standard appllcable in tho UK and Rgpubllc of Ir91and IFRS 1021. I have no concerns and have come across no olhor motter¥ In Connec￿On wlth the examlnallon to whlch attenllon should bè drawn in Ihls report In ordar to 8noble a proper understanding of the finanei818lalemenl8 to be reached. John Caladin• FCCA CTA FCIE C8ladlne Llmltsd Ch8ntry House 22 Upperion Road Eastboume East Su8se¥ 8N21 1BF Date: .... VICTORIA BAPTIST CHURCH TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025 Unr•strictod R•strlct•d funds funds 2025 2025 Total Unr•strict•d Ro$trS¢t•d funds funds 2024 2024 Total 2025 2024 Noi•s Income from: Donatlons and legacies Chariiable activities Other IratJing actSvitl8s Investments 437.503 2.481 25,002 7,009 437,503 2,481 25,002 7.009 378.621 2.775 33,957 7,057 378,621 2,775 33,957 7,057 Total Income 471.995 471,995 422,410 422,410 Charftsblo aGlivltl8$ 455,526 455,526 396,020 396,020 Not gains on investment8 13 16.523 16,523 2,423 2,423 Nèt Incom• and mov•m•nt lil fund¥ 32,992 32.992 28,813 28,813 R•¢on¢lll•tlon of funds: Fund balances al 1 January 2025 226,021 234.942 460,963 197,208 234.942 432,150 Fund balan¢•• #t 31 Docomb•r 2025 259,013 234,942 493,955 226,021 234.942 460,963 The stal&menl of flnanclal aclivlllgs Includes all galn8 and1088es recognlsed In tho year. Ml Income and expendllure derive from Continuing aclivilig5. VICTORIA BAPTIST CHURCH TRUST BALANCE SHEET AS AT31 DECEMBER 2025 2025 2024 Notes Flx8d a88•ts Tanglble assets Invostm8nts 14 15 273,639 111,877 288.006 95,354 385,616 383.360 Curr•nt as*•t• Debtors Cash 01 bank and In hand 16 8,937 118,700 9,159 81.361 127,637 90,520 Cr•dltor¥: •mounts f•lllng duo wlthln ono y•ar 17 19,198 12.917 Nat current assets 108,439 77,603 Totsl •ss•t8 l•Js cumint Ilabllltl•• 493,955 460.963 Th• fundi ofth• Church Reslrlcled funds Unreslrfctgd funds 19 20 234,942 259,013 234,942 226,021 493,955 460,963 The company Is enlrtled lo the exgmption from the audit requlrem8nt conlalned In Secllon 477 of the Compan188 Act 2006, for the year ended 31 December 2025. The dlrector8 ackno￿8￿ge Ihelr re8pon8lbllllie8 for complylng wlth the requlremenls of the Companies Act 2006 with res￿¢1 to accounllng records and the preparation ol financial $lalements. The members have not requlred the company lo oblaln an audll of K8 financlal sl8lern8n18 for the year in quesllon In a￿Ord￿nCe wllh section 476. Th9$9 flnancial stalem8nls havè bèen prepared In accordanc8 with the provl$lon$ appllcable lo companles subject to the small companigs rggime. The financlal 81alements were 8pprov8d by th8 Trusl88s on .. .. A M Phillips Trust•• Company reglstratlon number 07028173 (England and W8188) VICTORIA BAPTIST CHURCH TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2025 2025 2024 Not•s Cash flows from operatlng actlvltle$ Cash generated from operallon8 23 30,330 29.908 InvvJtlng actlvltl•8 Purchase ol tangible fixed assets Inveslmgnl income received 116,308} 7,057 7,009 Nèt cash g•nerat•d fromllu••d Inl Inv•stlng activiti•s 7,009 {9,251) N•t Incmi• In ca#h •nd G••h •qulvahnts 37,339 20.657 Cash and cosh equlvalen18 8t beglnnlng of year 81.361 80,704 Caih and caBh •qulval•nt8 at •nd of y••r 118.700 81,361 VICTORIA BAPTIST CHURCH TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accountlng pollcles Company InformatSon Viclorla Bapllsl Church Trust is a company limited by guarantee Incorporated In England and Wales. The registered offlce Is Eldon Road. Eoslbourne. Eost Sussex. BN211 UE. 1.1 Bas18 of proparatlon The financial slalemenls have been prepared In aC￿rdance wllh the Church'$ governlng document, the Companies Act 2006, FRS 102 'The Financial Rgporting Standard applicable in the UK and Republic of Ireland" and the Charltles SORP "Accounting and Repotting by Charities.. Slalement of Recommended Practice applicable lo charities preparing their accounls in accordance with the Flnancial ReportSng Stsndard appllcable In the UK and Republic of Ireland IFRS 1021. The ChurGh Is a Publlc B8nefit Enllly a8 deflned by FRS 102. The flnancial statements are prepared In slertSng, whlch is Ihg functional Currency of the Church. Monetary amounts in these financial slalemenl8 are roundèd to lh8 n8ar8sl £. Tha flnanclal slalements hove bèon pr8P8ret1 under the h18torfcal cost conv8ntlon, modlffed to Include the rgvaluatlon of Snvestmenl assets al falr valuè. Thè prlnclpal accounting pollcles adopted are $91 out bg10w. 1.2 Golng ¢onc•m Al the lime of approvSng th9 flnanci81 statements, the Trusloes have a reasonable oxpgctstson that the Church has ad8qual8 resources lo conllnue In operallonal exlslenc8 foi thè for8s88ab18 future. Thu$ the Tru81ees continue to adopt the going concern ba818 of accounting In prep8nng the flnon¢ial statemonts. 1.3 Charltable fund Unreslricled fund8 are av811oble for use 81 thè di8cretlon of the Tru818e8 In furtherance of th91r charS18ble obleclivos. Restrlclgd funds are $ublg¢t to speclflc condltlons by donor8 or grantors as to how thgy may be used. The purposes ond usas of th8 restricted funds are sel out in the notes lo the finan¢Sal slalements. 1.4 In¢om• Income 18 recognised when the Church Is legally enlilled lo il after any perfomance condluons have been mel, the amounts can be measured rgliably, and il is probable that income wlll be recalved. Voluntary Income and donations are accounts for as rece￿ad by the Church. Income lax rocoverablg In rel8tlon lo donations roc8iV8d undar Gift Aid or deeds of covenant 16 recognised al Ihe tim8 ol the donation. Leg8cS98 are rocognSsed on receipt or otherwise if the Church ha8 been noliffied ol an Smpendlng distribution, the amount is known, and receipl is expected. If the amount is not known, tho lfjgacy is treated as a conllngent BSS81. GrBfbts are recognised in full in th8 Statement of FinancS8l AclSvSlles In the year in which they are receivable. Monies received are allocated lo the period In whlcl) they r8latè. Any Sncome which is received bul relatès lo a subsequent period is deferred and subsequenlly rglgasgd in the rglevanl accountlng p8rlod. 10- VICTORIA BAPTIST CHURCH TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Accountlng policies {Contlnu•dl 1.5 Exp¢ndltur• Resources expended Bre reGognised In the perfod to whlch the Costs relate. Tliè iiiain cosl G8iitrg$ are.. Charstable activities which cover th6 running expen58s of th8 charity includlng church & office operation5. Buildlng c08ts- whlch Include Ihg CQ51 of running the maln church buildlng 8nd thé ttvo manses. Donallons- Indudlng glfts lo local organi$alions and acuvilles held al the church. Govèm8n¢8 costs- include those costs associaled wilh fulfllllng the charfly's slalLrtory obllgallons. The charfty 18 not reglslered lor VAT and therefore 811 expendllure Is rècorded Induslve of non-rgcoverable VAT. Governance ￿$15 are Allocated 100°h lo direcl charllable acllvllie8 in relallon to Ihg runnlng of the church and Its v8rlou8 mlnlslries. 1.6 T•nglbl• flx•d a#•ets Tangible fixed a5se15 are Initially measured 81 cost ané subs8quèndy méasured al cost or valuation, nel of depreclatlon and any Smpalrment losses. Flx8d asset purchas86 are capilalised whgrg the rosl exceed5 t1.500. Below Ihls, transactions ar• Irealed a8 expendlture and recorded through the SOFA. D8precl8llon Is recognls8d so as lo wrlte off Ihg cost or valuallon ol assets le88 Ihelr residual values ovor thelr U8elul Ilves on the followlng ba518'. Freehold land and buildlngs Flxlures and flttSngB O°h (see below) 5 or 10 yaars $tr8ighl line The gain or199$ arislng on the dlsposal of an ass61 is delermlngd as the dSfference be￿een thè sale procee¢J¥ and Ihg Carrying valuo of tho asset, and is recognised in the stat8m8nt of financlal aclivili68. The church premises al Eldon Road, Eastboume 8re held on tru51 by The Baptlsl Unlon Corpor8Uon Llmiled. There is no record of original cost and as such, thls property is not reflected In Iha financial slalernenls. The Church manses al 35 BaldwSn Avenue and 90 Longland Road, Easlbourne are held on trust by thè Baptist Union Corporation Limited. The Church has a beneficial inl9r051 in these properties and they are. therefore, included In the fin8nc181 slalements. They are ststed 01 cost ond are not $ubjecl to depreciation. 1115 the Irus188s' policy lo maintain all the bulldings to Such a standard thal their resldual value Is not less than the cost at any glvgn Umg. 1.7 Flxed ass•t invostm•nt$ Flxed esset investments are initially measured Bt transaction price excluding transactoon costs, and are Subsequently measured at fair value at each repo￿.ng dale. ihanges in fair value arg rgcogn15ed In nel Incomellexpenditurel for the year. Transaction costs are expensed as incurred. The Fixed asset Investments included in the accounts represent a listed investment portfolio. The year end balance is re51aled to ils Open Market Value wth an increaselde¢xease in value shown in the Stat8m8nt of Financial Actlvltle$. VICTORIA BAPTIST CHURCH TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Ac¢ountlng pollcles {Contlnuedl 1.8 Impalmi•nt of flxad assets At 88ch reporting end date, the Church reviews the carylng amount8 of Its tangible ossels lo dètemlne whether there is any Indication Ihal those assets havo sufferèd an impairment loss. If any such indlcallon exlsls, Ihe recoverable amount of the a$sat is astimatad in Order lo determine th8 8xtenl of the impairment loss Ilf any). 1.9 C¥$h and cash oqulvalents Cash and cash equlval8nls Include cash In hand. deposits held at call wllh banks. other short-lerm liquid Investmen15 with original maturilies of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowlngs In current liabilili8s. 1.10 Flnan¢l41 In#trum•nt$ The Church has elected to opply the provislons of Sectlon 11 'Basic Flnanclal Instrum8n18' and Secbon 12 'Olher Flnanclal Inslwmen18 Issu8s' of FRS 102 to all of Its financlal Inslrumenls. Flnancial Instruments arg rg¢ggnised in the Church'8 balance sheel when th8 Church b8￿m•S paty to the contractual provlslons of th8 inslrumenl. Flnanclal assels and 118bllStl85 are off881, wllh the n81 amounts presanled In the financlal slalgln8nts, wh8n there Is 8 legally enfor¢oable right lo Set off th& recognised amounts and Iherels an intentlon to settle on a nel b88is or lo realise tho asset and sottle the118bilily slmLJllaneou¥ly. Bas1¢ fln•n¢lal assets Basic financial assets, which Includ8 éoblors and ¢ash and bank balanc88, are inltlally measured at tr8nsacllon price Including Iransacdon costs and Bre subsequenlty carrled al 8mDrtlsed cost uslng the effecfjve Interest method unless the arrangement conslilules a finan¢lng Iransacllon, whgro the transaction Is measur9d al th8 pr8senl value of the future roc&ipls dlscounled at a market rale of interest. Financial ayset8 classified as receivable within one year are not 8mortised. Bas1¢ flnan¢lal IlJbllltl•$ Basic financial liabilities, includlng credhors and bank loans ère Inllially recognised al transaction prlce unl888 Ihg arrang8m8nl conslilulos a fin8n¢lng Iransaclion, where the debt Instrument Is measured al the prasenl value of the future payments dSscounled 91 a market rale of int8resl. Finandal liabilities classified as payable within one yèar are nol amortS89d. Debt instruments are subsequently carried al amortlsed cost, uslng th8 effgctlve Interest rate method. Dere¢oqnltlon of flnanclal Ilabllltles Financial liabilitie5 are derecognisad when the Church's conlraclual obllgaJon$ gxplre or are dlscharged or cancelled. 1.11 Employè8 ben•llts The cost of any unused hollday enlillemenl Is recogn188d in the period In whlch the ern￿OYee'S servlcgs are r8ceive(J. T8rminalion benefits ar8 r8cognised immediately as an expènse when the Church is demonstrably commitl8d lo lerminale the employment of an employee or to provi¢Je temiinalion benefits. The Church conlribule$ to dafingd eonlrlbulion pension s¢hamos on behaff of some Stsff. Tha contributions payablg for the ygar are charged in the financial Statements as part of Stsff Costs. 12- VICTORIA BAPTIST CHURCH TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting pollcles (Contlnu•d) 1.12 Ratlrom*nt b•n•flts Payments lo dofined conlribullon retlrement benefit schemes are charged as an expense as they fall due. Th8 Church pays ponslon contdbutlons for Its Mlnlstgr lo Ihg Biiyiiul Mln151ars Pèn81on Trust Limlled, whlch18 final sal8ry defined bttnefil scheme. which is not conlra¢led out of the Stste second pension. The scheme Is multi*mployer sch8me and il is not possible to identify the 8ssels and liabilities of th8 scheme which afe attributable to the Church. Therefore, in 8ccord8nc6 wllh FRS102 section 28, the scheme Is accounted for as a dgllned contribution scheme, 1.13 st￿￿ The Church consld8rs that the sm811 value of stocks in hand al each year end Is Insignificant and no adjuslmenl has been made lo the Flnanclal Slalemenls lo reflect the89 Items. 1.14 Taxatlon In the opinion of th8 truslees, the Church is not1Sable lo laxallon on ils acuvllles. due lo Its ch4rltable status. Crltlcal accountlng o¥tlmate8 and ludy•monts In the appllcallon of th8 Church's Èccounllng polScl8s. the Tru818es are requlred lo make ludg8ments, gslirnales and assumpllons about thè carrylng amount of a85els and liabllllSes that af8 not rgadlly app8r8nl Irurri ulher sources. The eslimales and associated assumptions are basèd on historical expertonce and other 18ctofg that are consldered to be relevant. ActUo1 re3ull$ m8y differ from th88e e81imale$. The estimates and underlying 8ssumpllons arg roviewed on an ongo4ng bas18. Revlslons lo accounllng esllrnalas are racognl8&d In the p8riod in which Ihg estimate Ss rev18ed where thè r&vlsion offgcls only that perlod. or In tho period of the revision and future periods where the revision affects both current and fuluT& period$. Incom• from donatlons and l•g•¢l•ffj Unr•#trlctod fund8 2025 Unr•strlct•d tund8 2024 Donations and gffts Logocicts 431,003 6,500 378,621 437,503 378,621 DonatSons and glfts Donations and offerings Gift Day offsrings incl gift aid recovered 349,313 81,690 378.6?1 431,003 378,621 13- VICTORIA BAPTIST CHURCH TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 In¢om• from ¢harftsble actlvities Unr•8trlcted Unr•$trlct•d fundJ funds 2025 2024 Chur¢h operatlons Sales within charitable activlties 2.481 2,775 Inc¢)m• from other tradlng •ctlvltl•¥ Unrn•trict•d Unrostrlct•d lund$ funds 2025 2024 Rentsl of proparty ond Hall hire Incom 25,002 33,957 Incom• from Inv•¥tm•nts UDro•trl¢tod Unr•itrlct•d fund# fund• 2025 2024 Inlgrest receivable 7,009 7,057 14 VICTORIA BAPTIST CHURCH TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Expenditur• on charitabl• a¢tlvltl•s Church Supportlng opgratlons tho worldwldo church Total Church SuppDrbng operations the worfdwlde churcl) Total 2025 2025 2025 2024 2024 2024 Dlr•ct ¢￿ts Slaff costs DepreCIa￿on and impoimienl Other direct costs Councll lax Insurance8 Llghl and heat R8palrs and malnlenance Telephone Printing. postage stationery and compul8r cogls Sundry 214,914 214.914 203,031 203,031 14,367 71,376 4,938 7,475 25,601 62,406 1,716 14,367 71,378 4.938 7,475 25,601 62,406 1,716 18,813 57,854 11,946 6,368 20.958 25,472 1,922 18,813 57,854 11,946 6,368 20,958 25,472 1,922 7,431 699 7,431 699 5,693 1,379 1,379 410,923 410,923 353,436 353,436 Gronl fundSng of acllvllle8 Is88 note 81 32,141 32,141 35,404 35.404 Shar• ol lupport and gov•man¢o ¢0$ts Is•• note 9) Governance 12.462 12,482 7.160 7,180 423.385 32,141 455,528 360,616 35.404 396,020 Analysls by fund Unreslrlcled funds 423.385 32,141 455,526 360,616 35,404 396,020 15- VICTORIA BAPTIST CHURCH TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Grants payable Supportlng th• worldwlde church 2025 Supporting the woddwlde church 2024 Grants to institutions.. Baptist Missionary Socl8ty Anava Foundallon Hope Lebedyn Sl Wilfrid's Hospice 8¢y5 gnd Glrl8 Brlgade SpSnnaker (Schools work Good News Brighton EÈstbourne Nelworx Other Sp8aklWg Hope In Acllon Ev8ngellcal B8pllsls FronJgr$ Charitable Tru81 13.500 13.500 1,000 6,015 7,860 784 1.559 5¢)0 5,465 2,000 473 2,524 500 5.040 3,000 300 1,000 1.000 1,000 525 32,141 3S,404 Support cost• allocat•d to actlvltl•• Church oporatlons 2025 Total 2024 Governanc 12,462 7,180 2025 2024 Gov•rnanv costs comprli•'. Accountancy Legal and professional Payroll fees 3,636 7.818 1.008 4,560 1,756 864 12,462 7,180 Accountancy fees Includes the Cost of the Independent examlnallon, accountancy and othgr $orvico$ and advice. The Independent Examination Costs are £1.38612024.. £1.3201. 16- VICTORIA BAPTIST CHURCH TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 10 Net mov•m8nt in fund¥ 2025 2024 Th& n81 movement In funds Is slated after Chargin￿{crod￿ngl.' Fe8s payabl8 for Ihg indep9ndenl 9xamlnatlon of the charfV8 flnanclal slatemonts D8pr8cialion of owngd tanglble fixed assets 1,386 14,367 1,320 18,813 11 Tru8t• The Minister acts as one of the Church's Iwst8e$ In accordance wllh thè Tru81 deed and recelvgd remuneratlon of £60,22212024'. £57.4201. including Employerfs ￿nSIOn contributlons and Employers Nalional Insurance. In additlon to Ihls. the Church provide8 ol manse accommodallon free of charge. The Minister al$0 received £1,665 12024.. £1.4101 In gxpgnsgs for travel and offlce cost8 In connectlon wllh the work ol the church. None of the other trustee8 lor any persons connected wrth them) recelv6d any remuneration duTin9 Ihg year. The charfty purcha8gd Trustee Indgmnlty Insurance In the year 818 Wgt of £356. Tolol donations r9GgIvgd from thg trustees amounted to £44,398 12024.. £36,182> during the yoar. Th58 excludes any cash rtnnolions which were pald into tho weekly offgring8 as thése are nol $epar¥l¥ly Idenliflable. 12 Employo•s The average monthly number of employe85 during the yo8r wgs.. 2025 Number 2024 Nurnber Charftabl8 acllvilies 11 Employm•nt to#ti 2025 2024 Wages and salaries Svclal securlty etydts othgr pgnsion wsls 195,744 8,864 10,306 183.803 8,695 10,533 214,914 203,031 In addttlon lo Ih•. PAIrt mrtmbers of staff, many volun189rs givo thoir Ilm8 and 8xpertise in the deliv¥iy vf uur mini51ries. Remuneration of key management personnel 15 included in nolo 11. There were no employees whose annual remuneration was more than £60,000. 17- VICTORIA BAPTIST CHURCH TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 310ECEMBER 2025 13 Galn$ and l#$*ès on Inve8tm•nts Unr•$trlcted Unrestrict•d funds funds 2025 2024 Galnslllossesl arising on.. Ravalu8tion of Investments 16.523 2,423 14 Tanglblo Ilxod assets Frnohold14nd Flxtur•• •nd •ftd bulldlngs flttSng• Tot*1 ¢o•t At 1 January 2025 234,942 185,473 420,415 At 31 Decombor 2025 234,942 185.473 420.415 D•pr•clatlon and Impalrment Al l January 2025 Dgpre¢latSon chèrgéd In the year 132,409 14.367 132.409 14,367 At 31 Decgmber 2025 146,776 148.776 Carrylng amount Al 31 Decgmbfrr 2025 234,942 38.897 273.639 Al 31 December 2024 234,942 53.064 288,006 15 Fbx•d •$••t Inv•8tment8 Llst•d Inv•stm•nl¥ Cost or valuatlon Al 1 January 2025 Valuation changes 95.354 18.523 Al 31 Dec8mb8r 2025 111,877 Carrylng amount Al 31 December 2025 111,877 Al 31 Oecember 2024 95.354 18- VICTORIA BAPTIST CHURCH TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 16 Debtorn 2025 2024 Am•uDts falllng due wlthln ono year: Trade debtors Gill aid recoverable 2,100 6.837 746 8,413 8.937 9,159 17 Cr•dltors: amounts lalllng du• wlthln on• yoar 2025 2024 Olhgr laxatlon and 80d8l $8cudly 0th8r cr9dilor$ Accrua18 and deferred In￿rne 761 4.045 14,392 4,037 2,102 6,778 19,198 12.917 L)thef creditors consi81 ol balanc8s rèlating to Church groups and actlvllS8s. 18 R•tlr•m•nt b•n•flt s¢h•m•• 2025 2024 D•fin•d contrfbutlon sch•m•• Charge lo profil or loss in respect of deflned conlThbution #chemos 10,308 10,533 The Church operalos a defined contribution pension schemo for all qualifylng omployees. Tha ass81s of the 8cherne are held sepAra191y from those of the Church In an indgpgndgntly adminI81ered fund. 19 R•strl¢ted funds The restrlcted funds of the charity comprl$e tho unexpended balances of donallonB and grants held on tru$l Subject to spectfic condlllons by donors as lo how they may be used. At 1 January 2025 At31 D•¢•mb•r 2025 Buildings Fund 2J4,y4 234,942 Prevlous y•ar: At 1 January 2024 At31 De¢omboT 2024 Bulldlngs Fund 234,942 234.942 19- VICTORIA BAPTIST CHURCH TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 19 Restrfct•d fund$ (ContSnu•d The 8ulldlngs Fund shows the cost of tho Church's tsyo manse prO￿r￿e$. 20 Unr•strlct•d funds The unrestricted funds of the chBrfty compris8 the unexpended balances of donallons and granls which aro not sublecl lo specific conditions by donors and grantors as lo how they may be used. Theso include dèslgnalod funds which have b88n s81 aside out of unrestricted funds by the trustees for sp8cific purposes. At 1 January 2025 Incomlng r•sourc•• R•sourc•s •xp•ndod Transfern Galnj and losses At31 D•¢ombor 2025 Chartly re88rve fund Prolecls ftjnd Fellowship and family lund Mission fund Equlpmenl Fund Gengrol funds 82,000 40,897 82,000 96,453 6,SOO 140,944) 90,000 4,664 34,913 953 12,059 17.518} 183.392} 6.000 54,000 4,099 17,580 53.064 10,483 114,3671 1135,6331 38,697 20,184 452,483 1323.672) 16,523 226,021 471,995 1455.526} 16.523 259,013 Pr•vlou$ year: At 1 J•nuary 2024 Incomlng R•$ources r•8ourc•• •xpondod Tran¥f•r¥ G•ln8 and 1988•• At31 D•cèmb•r 2024 Charlly reserve fund Projects lund Fellowshlp and famlly fund MlssSon fund Equlpment Fund Genoral funds 82,000 15,990 82,000 40,897 24,907 8,413 24,927 2,078 23,422 16,077} {73,436) 250 60.OCKS 4,664 34,913 55,569 10,309 12.5051 157,7451 53,064 10,483 372,003 1316,507) 2.423 197,208 422,410 1396,020) 2,423 226,021 -20- VICTORIA BAPTIST CHURCH TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 20 Unr•strlct•d funds (Continu•d) Designated fund8 Includets= The Charity Reserve Fund. holding 3 monlhs runninu co818 In Ilne wilh the Charity Commlssbon recornmended r8s8rv8s policy. The. Projects Fund to provid8 for specific project8 {Includlng bulldlng piojg¥lb. minSstry development and equipment upgrades). Following donations and legacies higher than budgeted in 2025. the trustees have sel aside £90,000 towords future project8. The Fellowship and Famlly Fund receives donallons which are able lo be used lo support those In our Church family, as personal needs may aris8. AllO￿tionS were made from General Fund pf £6,000 in the yaar. The Mission Fund lo whkh are allocated income and expenditures for home and overseas mission aclivilies11.e. CAP, Communlly Frldge. SMS, Hom& Mission, Charltable gifts elc.). The Mission Fund 18 supported by a monthly alltscallon from the General fund lotslling £54,000 In the year. The Functional Fixed Assets Fund is where the valuo of gquipmenl already purch858d ly held and not available for u86. The General Fund trom whlch tha day lo day running and maintenance costs of the ChurGh aro met, 21 Analy$li ol n•t *J••ts betwoen funds Unr•strfct•d fundB 2025 R•strlct•d funds 2025 Total 2025 At 31 D•cembèr 2025: Tanglble as8818 Inv8Stm8nls Current as5et3l