## **FRIMLEY BAPTIST CHURCH**
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 December 2025
Charity registration 1132849
Frimley Baptist Church, Balmoral Drive, Frimley Camberley, Surrey. GU16 9AR
www.fbc.org.uk
## **FRIMLEY BAPTIST CHURCH**
## **CONTENTS**
## **For the year ended 31 December 2025**
|**Title**|**Page**|
|---|---|
|Trustee’s Annual Report|1 - 4|
|Independent Examiner’s Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Financial Statements|8 - 14|
## **FRIMLEY BAPTIST CHURCH**
## **TRUSTEES’ ANNUAL REPORT**
## **For the year ended 31st December 2025**
The Trustees are pleased to submit their Annual Report.
## **Constitution**
Frimley Baptist Church (the Church) was constituted as a charity in 2009. The charity number is 1132849.
A written constitution which follows the Baptist Union format sets out the principles by which the Church is organised and managed. A separate trust deed contains provisions governing the church building
## **Minister, Trustees and Ministry Team**
During 2025 the Trustee Team and the Ministry Team continued to focus on their specific agreed responsibilities. The Trustees focused on the operation of the charity in terms of their Spiritual oversight and legal responsibilities, whilst the Ministry Team concentrated upon the multitude of areas that they are collectively responsible for (ministry, youth, and pastoral matters).
The Minister, Trustees, and Ministry Team members are appointed by the members of the Church in accordance with the constitution. People are eligible to hold the post of Trustee and member of the Ministry Team and limitations apply related to close family members being within the leadership (as set out in the FBC constitution).
The Minister, Rev. Glyn Thomas, was a Trustee and Chairman of both the Trustees and Ministry Team until the Church Members’ Meeting of November 2025
## **Trustees**
Derek Witt Sally Ashford – re-elected in May 2025 Duncan Matheson - Chair of Trustees as of November 2025 and as advised to the Charity Commission
Margaret Maxfield – appointed May 2025
## **Ministry Team**
David Day – Chair of Ministry Team Rosie Cowperthwaite – ended her term of service in May 2025 Joanne Hayes - ended her term of service in May 2025 Marilyn Johnson Jamie Hill Pete Carlisle Dave Doran - Co-opted onto the Ministry Team as the church’s Youth Leader – until April 2025 Naomi Waite – Co-opted onto the Ministry Team upon appointment as the Church Family and Community Worker in July 2025
1
## **FRIMLEY BAPTIST CHURCH**
## **TRUSTEES’ ANNUAL REPORT**
## **For the year ended 31st December 2025**
## **Paid Staff**
Minister Rev Glyn Thomas (until 31st December 2025) Bursar Fiona Mapperley (until August 2025) & Nicole Sinclair (from July 2025) Youth Worker Dave Doran (until April 2025) Church Administrator Mahesh Thapa Magar Community & Pastoral Worker Jo Munro (until July 2025) Church Family & Community Worker Naomi Waite (from August 2025)
## **Objectives and Activities of the Church**
The Church has continued its ministry of advancing the Christian faith in word and action, both locally, nationally, and around the world - supporting other organisations and individuals through prayer and financially. In a normal year, the Church runs some 40 activities covering a full spectrum of ages. These are open to all and provided either free of charge or for a small, nominal charge.
The main 10:30am Sunday services continued to be live-streamed and subsequently made available on YouTube – now limited to a period of four weeks before being set to “Unlisted” (then only accessible via a specific link obtainable from the church office and subsequently deleted after 1 year). Groups for men (The Shed) and Ladies (Women @ FBC) met throughout the year, engaging in various activities. The Pop-In café, Midweek Fellowship, an English language support group for those whose first language is not English, operated for most weeks during the year. In addition, we worked with some outside organisations such as a local primary school hosting their Christmas and Easter performances. We provided a daytime meeting space for several cancer support groups linked to Frimley Park Hospital. The church also provided a venue for health professionals to deliver training to schoolteachers, nurses, and other care providing agencies. We also worked closely with some local refugee families. The Church commits to give 20% of unrestricted income to activities outside of Frimley Baptist. In addition, there are regular collections for the 'Community Care' fund (£16,533 in 2025), all of which is used to support the needy locally, nationally, and internationally. There were special collections for: Mercy Ships and UCCF in our Spring appeal (£4,898) and Open Doors in our December appeal (£4,983). [A full report of the Church’s activities can be found in the Church’s Annual Report 2025 presented at the Annual Church Members Meeting in May 2026.]
## **Public Benefit**
The Trustees have considered the guidance provided by the Charity Commission regarding public benefit and the work of the charity. **Training of Trustees**
On appointment Trustees are given an induction pack to explain the duties and responsibilities of Trustees. Where Ministry Team roles carry specific responsibilities, training is provided as necessary. All Trustees and Ministry Team members undergo safeguarding training and are
2
**FRIMLEY BAPTIST CHURCH**
## **TRUSTEES’ ANNUAL REPORT**
## **For the year ended 31st December 2025**
DBS checked at the enhanced level.
## **Decision making process within the Charity**
Decisions are taken in accordance with the framework set out in the Constitution. The decision of the Church Members’ Meeting is final. Proposals for action are brought to the Church Members’ Meeting by both the Trustee group and the Ministry Team.
The Trustees retain formal legal responsibilities for the effective running of the church (the charity) and the delivery of its objectives. The Church Meeting may give directions to the Trustees, but legal responsibilities cannot be held or delegated by the Church Meeting (for example in relation to the employment of staff).
From time to time, sub-groups of the Ministry Team are convened and assigned to the task of evaluating options (within their delegated responsibilities) and these are discussed in full meetings of the Ministry Team. Decisions are made by the Ministry Team, if within their remit, or matters are brought to the Church Members’ Meeting for discussion and voting.
Budgets are agreed annually by the November Church Members’ Meeting
Expenditure is made only on approval of the budget holder and with dual signatories.
## **Finance**
The financial statements:
- have been prepared in accordance with the accounting policies set out in notes to the financial statements.
- Comply with the charity’s governing document.
- The Charities Act 2011; and
- Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (“Charities SORP”).
The Church is financed by members and other individuals closely associated with it. There was a surplus on general funds of £25,116 in 2025. Cash has been invested with the Cambridge & Counties bank on a short-term basis to earn higher rates of interest.
The Trustees give thanks to God for the timely provision of money through His people to enable the work of the church to continue.
The Church reviews the major risks to which the Church is exposed on an annual basis. The Church has general reserves to be able to continue its ministry, these total £226,245 on 31 December 2025. The Church aims to retain about £50,000 as reserves to fulfil its obligations as an employer and to cover any unforeseen costs. Any additional funds above the reserves level are retained for future spending and will be used when appropriate to enhance the ministry of the Church or develop the Church's premises. Reserves will be increased to ensure we meet all our obligations. During 2023 a sum of £30,000 was ‘ring-fenced’ for the purposes of supporting the creation of a part time community and pastoral worker post to help promote and fulfil the Church’s vision statement ‘’Together, connecting Christ, church, and community’’ by helping deliver pastoral care and discipleship support to adults and seniors. The funds were invested with Skipton Building Society. The funds were fully utilised during the years 2024-2025, for the purpose stated. The role ended July 2025.
3
**FRIMLEY BAPTIST CHURCH**
## **TRUSTEES’ ANNUAL REPORT**
## **For the year ended 31st December 2025**
## **Statement of Trustees’ Responsibilities**
The trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the situation of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period.
In preparing these financial statements, the trustees are required to:
- a) select suitable accounting policies and apply them consistently.
- b) observe the methods and principles in the Charities SORP.
- c) make judgments and accounting estimates that are reasonable and prudent. d) state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements.
- e) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue to operate.
The trustees are responsible for keeping sufficient 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 the 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 for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Organisations**
**Bankers Independent Examiner** National Westminster Bank plc Andrew Skilton ACA 45 Park Street Brewers Chartered Accountants Camberley Unit 3 Surrey Birtley Courtyard GU15 3PA Bramley Surrey GU5 0LA
CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ
Approved by Trustees on 22 April 2026
## Duncan Matheson
Duncan Matheson (Jun 2, 2026 19:25:07 GMT+1)
On behalf of the Trustees D Matheson
4
## **FRIMLEY BAPTIST CHURCH**
## **Independent Examiner’s Report to the Trustees of Frimley Baptist Church**
I report to the trustees on my examination of the financial statements of The Frimley Baptist Church (‘the charity’) for the year ended 31 December 2025 which comprise the Statement of Financial Activities, the Balance Sheet and related notes.
This report is made solely to the charity’s trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for my work, for this report, or for the opinions I have formed.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently I express no opinion as to whether the financial statements present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner’s statement.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- ➢ accounting records were not kept in respect of the charity as required by section 130 of the Act; or
- ➢ the financial statements do not accord with those records; or
- ➢ the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Andrew Skilton, ACA Independent Examiner Brewers Chartered Accountants Unit 3, Birtley Courtyard, Bramley, GU5 0LA
Date: 23 April 2026
5
## **FRIMLEY BAPTIST CHURCH**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **For the year ended 31st December 2025**
|**Notes**
**Income and endowments from**
**Donations and legacies**
Offerings and donations
Income tax recoverable on donations
**Investment income**
Interest
**Charitable Activities**
Children and youth clubs
Popin Café
**Total Income**
**Expenditure**
**Charitable Activities**
Ministry
**2**
Mission
**2**
Church premises
**3**
Popin Café
Support Costs
**4**
**Total Expenditure**
**Net Income / (Expenditure) for the year**
**Transfer between funds**
**Other recognised gains / (losses)**
**13**
**Net Movement in Funds**
**Reconciliation of Funds:**
Total Funds brought forward
**Total Funds carried forward**|**General**
**Designated**
**Restricted**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**2025**
**2024**
**£**
**£**
**£**
**£**
**£**
210,728
-
33,848
244,577
229,754
53,732
-
10,125
63,857
45,003|
|---|---|
||264,460
-
43,973
308,433
274,757
5,014
-
-
5,014
5,629|
||5,014
-
-
5,014
5,629
1,579
-
3,786
5,365
6,629
520
-
-
520
776|
||2,099
-
3,786
5,886
7,405|
||271,574
-
47,760
319,333
287,791|
||65,279
-
-
65,279
75,529
52,846
-
47,397
100,243
111,451
75,125
-
-
75,125
49,271
613
-
-
613
795
52,595
18,955
-
71,550
49,780|
||246,458
18,955
47,397
312,810
286,826|
||25,116
(18,955)
363
6,523
965
-
-
-
-
-
-
-
-|
||25,116
(18,955)
363
6,523
965
201,129
425,188
12,281
638,598
637,633|
||226,245
406,233
12,644
645,121
638,598|
6
## **FRIMLEY BAPTIST CHURCH**
## **BALANCE SHEET**
## **At 31st December 2025**
|**Notes**
**Fixed Assets**
Tangible fixed assets
**6**
**Current Assets**
Debtors
**7**
Bank and cash
**Current Liabilities**
Creditors: amounts falling due within
one year
**8**
**Net Current Assets**
**Total Assets Less Current Liabilities**
**Net Assets excluding Pension Liability**
**Long term Liabilities**
Creditors: amounds falling due after
**9**
one year
**Total Net Assets**
**Charity Funds**
Unrestricted funds
Designated funds
**9**
Total unrestricted funds
Restricted funds
**10**
**Total Charity Funds**|**£**
**£**
**£**
**£**
399,021
420,077
9,021
8,924
239,685
218,240
248,706
227,164
2,606
8,643
246,100
218,521
645,121
638,598
-
-
645,121
638,598
226,245
201,129
406,233
425,188
632,478
626,317
12,644
12,281
645,121
638,598
**2025**
**2024**|**£**
**£**
**£**
**£**
399,021
420,077
9,021
8,924
239,685
218,240
248,706
227,164
2,606
8,643
246,100
218,521
645,121
638,598
-
-
645,121
638,598
226,245
201,129
406,233
425,188
632,478
626,317
12,644
12,281
645,121
638,598
**2025**
**2024**|
|---|---|---|
||||
|||638,598
-|
|||638,598|
|||201,129
425,188|
|||626,317
12,281|
|||638,598|
## **Approved by the Trustees on 22 April 2026 and was signed on their behalf by:**
## Derek Witt
**………………………………………. D Witt** Derek Witt (Jun 3, 2026 09:33:51 GMT+1)
## Duncan Matheson
**………………………………………. D Matheson** Duncan Matheson (Jun 2, 2026 19:25:07 GMT+1)
7
## **FRIMLEY BAPTIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **Year ended 31 December 2025**
## **1. Accounting Polices**
## **Basis of Accounting**
The financial statements have been prepared in accordance with ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Second Edition)’and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and the UK Generally Accepted Practice as it applies from 1 January 2015.
The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Second Edition)’rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Frimley Baptist Church meets the definition of a public benefit entity under FRS 102.
The Church holds only basic financial instruments. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
The trustees have assessed whether the use of the going concern basis is appropriate. After making enquiries the trustees have concluded that there is a reasonable expectation that the Charity has adequate resource for the foreseeable future. The Charity therefore continues to adopt the going concern basis in preparing its financial statements.
## **Income**
All incoming resources are included in the Statement of Financial Activities when the Charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.
Donations, including income tax recovered on donations, are accounted for gross when received.
Legacies are accounted for when probate has been completed, the amount of the legacy can be reliably quantified and the conditions of the legacy are within the control of the church.
Investment income is included in the accounts in the year in which it is receivable.
## **Expenditure recognition**
All expenditure is accounted on an accruals basis. Expenditure is recognized where there is a legal or constructive obligation to make payments to third parties, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
Support costs are those that assist the work of the church but do not directly represent charitable activities and include office costs and governance costs. A significant amount of management is carried out without charge by volunteers. This intangible cost is not included in the Statement of Financial Activities since there is no measurable cost to the volunteers for their services.
8
## **FRIMLEY BAPTIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **Year ended 31 December 2025**
## **1. Accounting Polices** _**continued**_
## **VAT**
Due to the nature of the Church’s activities, it is outside the scope of VAT and therefore its financial activities, as stated, are VAT inclusive.
## **Tangible fixed assets**
Fixed assets over £1,000 are capitalised.
Depreciation is provided on cost or revalued amount over the estimated useful lives of the assets. The rates Land and buildings – freehold property 2% straight line basis Fixtures, fittings and equipment 20% reducing balance basis
Although the freehold property has been revalued by the Trustees periodically, the Trustees do not intend to revalue the property in the future.
## **Funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the trustees for specific purposes. The revaluation of the freehold property has been treated as a designated fund and is reduced by the annual depreciation provided.
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 specific purposes. Expenditure which meets the criteria is charged to the fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
## **Employee benefits**
For all eligible members of staff the church pays a fixed sum into their personal pension schemes on a defined contribution basis via the NEST scheme which complies with Auto-Enrolment. One staff member is in the Baptist Union pension scheme.
In previous years the church had paid in to the Baptist Union final salary scheme for ministers. This is a defined benefit scheme and was found to be underfunded. The deficit on this scheme has required the church to continue to pay a fixed amount of £1 per month until November 2024 until the Defined Benefit Plan was "wound up", see note 13.
9
## **FRIMLEY BAPTIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS**
**For the year ended 31st December 2025**
## **2. Direct Charitable Expenditure**
## **Ministry:**
|Ministers' stipend and pension
Youth worker salary and pension
Expenses
Manse costs
Other costs
**Mission**
Given to other causes (see below)
Youth and children’s church
Outreach
Other groups
**Other Causes**
Community Care Fund
BMS
B U (Home Mission)
Appeals
Love Gift for Akbar
Love Gift for Leila and family
Camberley Youth for Christ
UCCF (J Carlisle)
M & S Vening
S & A Matheson
Refugees/Asylum seekers
FBC Juniors
Youth Charity Donation
Gift for Glyn and Elaine
Church weekend Westbrook 2024
Other
**3. Upkeep of Church Premises**
Lighting and Heating
Cleaning
Insurances (including Manse £675)
Repairs and maintenance (including Manse £9,978)
Water rates
Other costs (all Manse)
Council tax, water rates and broadband
Depreciation|**General**
**Restricted**
**Total**
**Total**
**Fund**
**Funds**
**2025**
**2024**
£
£
£
£
45,840
-
45,840
44,117
18,112
-
18,112
29,400
1,327
-
1,327
2,012
-
-
-
-
-
-
-
-|**General**
**Restricted**
**Total**
**Total**
**Fund**
**Funds**
**2025**
**2024**
£
£
£
£
45,840
-
45,840
44,117
18,112
-
18,112
29,400
1,327
-
1,327
2,012
-
-
-
-
-
-
-
-|
|---|---|---|
||65,279
-
65,279
75,529||
||**Unrestricted Restricted**
**Total**
**Total**
**2025**
**2024**
£
£
£
£
42,381
42,574
84,954
99,946
2,629
4,823
7,452
8,960
1,452
-
1,452
556
2,375
-
2,375
1,989||
||48,836
47,397
96,233
111,451||
||**Raised**
**Given**
**Raised**
**Given**
£
£
£
£
16,533
15,467
23,570
24,608
-
10,446
-
10,038
-
-
-
10,038
13,445
26,248
6,570
10,683
1,670
1,670
-
-
2,150
2,150
-
-
-
3,000
-
3,000
-
3,000
-
3,000
-
7,647
-
7,689
-
5,000
-
5,000
5,310
4,426
3,501
2,366
215
-
8,406
8,406
-
-
2,000
2,000
4,650
4,650
3,458
3,458
-
-
5,778
5,778
-
1,250
5,927
3,630
**2025**
**2024**||
||43,973
84,954
59,210
99,694||
|||**2025**
**2024**
£
£
5,596
6,885
7,612
5,005
4,344
4,939
31,708
5,907
912
1,068
3,897
4,250
21,056
21,056|
|||75,125
49,110|
10
## **FRIMLEY BAPTIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **For the year ended 31st December 2025**
|**4. Support Costs**
Office salaries and pension
Printing, stationery and IT running costs
Telephone
Bank charges
Other administration costs
Governance costs - Independent Examination fees|**2025**
**2024**
£
£
52,560
36,900
8,015
3,397
764
453
279
247
6,715
5,741
3,216
3,042|
|---|---|
||71,550
49,780|
Support costs are fully allocated to general funds and are not allocated to any restricted funds.
## **5. Employees and Key Management Personnel**
The key management personnel of the Charity comprise of the trustees, minister and youth worker. The aggregate remuneration paid to key management personnel during the year was £63,952 (2024 - £73,517). No trustees were remunerated for their role as trustee.
|Wages and salaries
Social security costs
Pension costs
Average number of employees
Ministry
Management and administration|**2025**
**2024**
£
£
102,347
100,381
2,253
3,031
11,913
7,005|
|---|---|
||116,513
110,417|
||5
5
2
2
3
3|
No employee received remuneration in excess of £60,000.
## **6. Tangible Fixed Assets**
|**Cost**
At 1st January 2025
Additions
Disposals
At 31st December 2025
**Depreciation**
At 1st January 2025
Charge for the year
Disposals
At 31st December 2025
**NET BOOK VALUES**
At 31st December 2025
At 31st December 2024|**Freehold**
**Computers**
**land &**
**& other**
**Fixtures &**
**Buildings**
**Equipment**
**Fittings**
**Total**
**£**
**£**
**£**
**£**
947,738
52,689
50,286
1,050,713
-
-
-
-
-
-
-
-|
|---|---|
||947,738
52,689
50,286
1,050,713|
||538,110
45,143
47,383
630,636
18,955
1,718
383
21,056
-
-
-
-|
||557,065
46,861
47,766
651,692|
||390,673
5,828
2,520
399,021|
||409,628
7,546
2,903
420,077|
All of the fixed assets are used for direct charitable purposes.
11
## **FRIMLEY BAPTIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **For the year ended 31st December 2025**
|**7. Debtors**
Debtors: Gift aid receivable
**8. Creditors: amounts falling due within one year**
Accruals
**9. Designated funds**
Balance at 1st January 2025
Incoming
Expenditure
Balances at 31st December 2025|**2025**
**2024**
£
£
9,021
8,924
9,021
8,924
**2025**
**2024**
£
£
2,606
8,643
2,606
8,643
**Buildings**
**Cash**
**Total**
**£**
**£**
**£**
409,628
15,560
**425,188**
-
**-**
18,955
-
**18,955**|
|---|---|
||390,673
15,560
**406,233**|
The main designated fund relates to the revaluation of the freehold property less depreciation charged to the Statement of Financial Activities. In the year ended 31.12.2023 £30,000 was designated into a separate bank account and held to fund an additional member of staff as a fixed term appointment. In the year, £14,440 was spent from this fund in the staff member's wages.
## **10. Restricted funds**
|Community Care Fund
Appeals
Refugees/Asylum seekers
FBC Juniors
Youth Charity Donation
Gift for Glyn and Elaine
Youth Club
Love Gift for Akbar
Love Gift for Leila and Family
**Total**|**Balances at**
**1 January**
**2025**
**Income**
**Expenditure**
**Transfer**
**between**
**funds**
**Balances at 31**
**December 2025**
**£**
**£**
**£**
**£**
1,888
16,533
15,467
-
2,954
3,987
13,445
14,210
-
3,222
3,494
5,310
4,426
-
4,378
1,627
215
652
-
1,190
1,285
1,765
2,150
-
900
-
4,650
4,650
-
-
-
2,021
2,021
-
-
-
1,670
1,670
-
-
-
2,150
2,150
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|
|---|---|
||**12,281**
**47,760**
**47,397**
**-**
**12,643**|
12
## **FRIMLEY BAPTIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **For the year ended 31st December 2025**
## **11. Funds by Net Assets**
|Fixed Assets
Current Assets
Creditors
Net Assets|**Unrestricted**
**Funds**
**£**
-
220,502
(2,606)
217,896|**Designated**
**Funds**
**£**
399,021
15,560
-
414,581|**Restricted**
**Total**
**Funds**
**Funds**
**£**
**£**
-
399,021
12,644
248,706
-
(2,606)
12,644
645,121|
|---|---|---|---|
## **12. Transactions with Trustees and connected parties.**
During the year the trustees made donations to the Frimley Baptist Church of £16,516 (2024 - £20,350).
Glyn Thomas, a trustee, was paid a salary of £41,025 pension of £4,815 and expenses of £1,667 in his position of Minister of the church. Expenses relate to travel and training. This is allowed in the Charity's constitution.
The son of Duncan Matheson works with the charity Youth With a Mission, and received a donation of £5,000 from Frimley Baptist Church in the year.
## **13. Pension**
The Church is a participating employer in the Baptist Pension Scheme (“the Scheme”), which is a separate legal entity administered by the Pension Trustee (Baptist Pension Trust Limited). The assets of the Scheme are held separately from those of the Employer and the other participating employers.
The Scheme, previously known as the Baptist Minister' Pension Fund, started in 1925, but was closed to future accrual of defined benefits on 31 December 2011. Prior to this date the main benefit provided through the Defined Benefit (DB) Plan was a pension of one eightieth of final minimum pensionable income for each year of pensionable service together with additional pension in respect of premiums paid on Pensionable Income in excess of Minimum Pensionable Income. Since 1 January 2012, benefits have been provided through a Defined Contribution (DC) Plan.
A formal valuation of the DB Plan as at 31 December 2019 by a professional qualified Actuary using the Projected Unit Method. At the valuation date the market value of the DB Plan assets was £298 million, whilst the level of assets needed to pay benefits was £316 million, giving a defecit of £18 million (equivalent to a past service funding level of 94%). The Church and the other participating employers in the DB Plan are collectively responsible for funding this defecit. The next actuarial valation of the DB Plan within the Scheme was due to take place not later than as at 31 December 2022.
On 30 June 2022 the Trustees of the Scheme entereed into an agreement with the insurance company Just Retirement Limited (Just) in 2022 to secure DB Plan members' benefits. An updated Recovery plan was then signed in August 2022 under which recovery contributions from each participating employer in the DB Plan reduced to £1 per month from August 2022. The DB Plan will be closed, (known as being 'wound up') and the winding-up process commenced with effect from 31 March 2024. Novemeber 2024 noted that the DB Plan benfits had been transferred over to Just. The Trustees ceasd the collection of the £1/month Deficit Recovery Contributions at the end of October 2024. Direct debits for these payments have been cancelled and the DB Plan employers no onger have any further responsibilty towards the DB Plan.
13
## **FRIMLEY BAPTIST CHURCH**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **For the year ended 31st December 2025**
## **14. Comparatives for the Statement of Financial Activities - year ended 31 December 2024**
|**Income and endowments from**
**Donations and legacies**
Offerings and donations
Income tax recoverable on donations
**Investment income**
Manse Rent
Interest
**Charitable Activities**
Children and youth clubs
Popin Café
**Total Income**
**Expenditure**
**Charitable Activities**
Ministry
Mission
Church premises
Café expenses
Support Costs
**Total Expenditure**
**Net Income / (Expenditure) for the year**
**Transfer between funds**
**Other recognised gains / (losses)**
Actuarial gains / (losses) on defined benefit
pensions schemes
**Net Movement in Funds**
**Reconciliation of Funds:**
Total Funds brought forward
**Total Funds carried forward**|**General**
**Designated Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**2024**
**£**
**£**
**£**
**£**
184,116
-
45,638
229,754
37,240
-
7,763
45,003|
|---|---|
||221,356
-
53,401
274,757
957
-
-
957
4,672
-
-
4,672|
||5,629
-
-
5,629
820
-
5,809
6,629
776
-
-
776|
||1,596
-
5,809
7,405|
||228,581
-
59,210
287,791|
||75,529
-
-
75,529
47,174
-
64,277
111,451
30,316
18,955
-
49,271
795
-
-
795
49,780
-
-
49,780|
||203,594
18,955
64,277
286,826|
||24,987
(18,955)
(5,067)
965
14,440
14,440
-
-
-
-
-
-
-|
||39,427
(33,395)
(5,067)
965
161,702
458,583
17,348
637,633|
||201,129
425,188
12,281
638,598|
14