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← Horley Baptist Church

2025-03-31-accounts

Horley Baptist Church

Charity no 1133976

REPORT & ACCOUNTS

FOR THE YEAR ENDED 31st MARCH 2025

HORLEY BAPTIST CHURCH

CHARITY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

Trustees Date Appointed Term of Office (if during Year) Ended Mr Richard Barnett Mr Bernard Bellingham Mar 25 Mrs Sue Duff (Treasurer) Mr Ian Gray Mr Darren Jones (Children and Families Pastor) Dr David Makanjuola Mrs Gillian Martin Mr Christiaan Muller Mr Neil Robinson Rev Martin Shorey (Minister) Mrs Helen Sweet Mrs Sandra Turner

Custodian Trustees The Baptist Union Corporation Governing Document Constitution adopted 25th February 2009 Charity Registration Number 1133976 Principal Address Horley Baptist Church 289 Court Lodge Road Horley Surrey RH6 8RG Independent Examiner Lisa Darby FCA Stewardship 1 Lamb's Passage London EC1Y 8AB Bankers CAF Bank Limited 25 Kings Hill Avenue Kings Hill, West Malling, Kent ME19 4JQ

Contents Page
Charity Information 1
Trustees' Annual Report 2 to 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Accounts 11-21
[Detailed Statement of Financial Activities with Comparatives] 22

Page 2

HORLEY BAPTIST CHURCH

TRUSTEES' ANNUAL REPORT

FOR THE YEAR ENDED 31 MARCH 2025

The trustees have pleasure in submitting the Report and Accounts for the year.

Objects of the charity

The charity, which is a church, is constituted as an unincorporated charitable association and is governed by its Constitution, adopted on 25th February 2009. The objects of the charity, as set out in the governing document are:

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

The trustees note that the Church is not a building, but a gathering of ordinary people of different ages and backgrounds, whose lives have been changed by Jesus Christ, the Son of God. The New Testament reveals the Church as a community of people, properly taught and cared for, who by loving and serving Jesus Christ, were also committed to love and care for each other and to bring a blessing to the area in which they lived. Horley Baptist Church; its trustees, elders and members are committed to the restoration of those New Testament principles. It is not alone in this, it is one of many Churches in the area, country and all over the world that is re-discovering the excitement of knowing Jesus Christ. The vision is to see the people of Horley, Surrey come into this experience of knowing Jesus as their Lord, Saviour and friend.

Summary of the charity's main activities and achievements

To further the above objects and vision, the charity's main activities and achievements were as

The Church Leadership seeks to lead the fellowship in four main areas of Christian living:

The Church engages in a range of Activities either on its own or with others that will vary from time to time. The Activities include but are not restricted to:

Page 3

Summary of the charity's main activities and achievements (continued)

· supporting and encouraging charitable social action in the United Kingdom and abroad;

· encouraging relationships with and supporting Baptists and other Christians.

The Church seeks to demonstrate the Christian faith in action by serving the community in which it is placed and offers a variety of activities and facilities to this end, such as:

· Support for people with Special Needs

· Monthly services designed to be inclusive for people with learning difficulties, mental health and physical disabilities

· Facilities used for regular community groups, such as fostering and healthcare services.

· Home groups to enable study, fellowship and discussion of the Christian faith for people at all levels of faith (from enquiry to maturity).

· Leading groups or supporting individuals in local residential homes

· Working with the other Horley churches to run the Horley Food Bank.

. Craft activities to bring the community together and encourage skills to "make do and mend" . Monthly meetings for Dads and their toddlers

The Church are delighted to be able to meet in person, after the ending of the lockdown restrictions over recent years. The Church has, however, continued to broadcast online services (which were begun during that period) to help meet the needs of people who are unable to attend services in person as well as others who may access services from further afield. The Church now intends to keep its online services and other resources available in the longer term.

The Church seeks to be a friendly and welcoming community and anyone is free to attend its activities which are run by the members and volunteers for the benefit of all. The church seeks to offer practical support for local families in need in a variety of ways, such as provision of hot meals, and support of the local food bank. In the winter of 2022-23, when fuel prices soared, the Church joined with the local council "Warm Hub" initiative, opening its doors for local people to access a warm space. Although this service at the church is no longer happening, a weekly meeting has evolved which seeks to provide help, frienship, food and a warm safe space to meet for the more vulnerable members of our community.

The Church is committed to serving the wider world and has members serving abroad in a number of countries in humanitarian and mission work. The church gives financial support to other charitable organisations which promote the Christian faith and/or offer humanitarian support at home and abroad

Achievements and Performance

At the end of the year there were 147 members.

During the year there have been 2 new members and 4 deleted members (through death or resignation).

Page 4

Achievements and Performance (continued)

During the year there has been 1 baptism.

The Church normally holds worship services every Sunday and a large variety of meetings each week for many different groups. In February 2025 the Sunday worship service was split to be run as two services on Sunday mornings because the existing hall cannot accommodate the number of people attending (even with an overflow room already operating). It is already clear that this has enabled more people to attend each week, making it impossible to envisage returning to one service for the forseeable future.

A number of children’s and young peoples’ activities and groups are run every week, catering for all ages from 0 to 18.

During the coronavirus pandemic the Church has moved to provide online services each week and continues to develop an online ministry to complement physical services in the future.

The leadership team has helped the Church to focus on its core aims of Worship, Prayer, Discipleship and Mission whilst continuing to serve the local and wider community.

The Church is financially self supported, its running costs (including staff costs) being largely donated by the membership and wider fellowship.

The Church has good links with many community groups in the locality and its premises are regularly used by the community.

The Church has good links with other local churches and is often involved in activities which are interdenominational or jointly run, such as the Horley Food Bank.

The church sold its previous premises in Albert Road in 2014 and built a modern, fit for purpose building, Phase one of which was completed in June 2015. Fundraising continues to raise funds to build Phase two, a large 3-400 seat auditorium/ meeting room.

The building was mainly funded from donations from the fellowship, plus grants received from charitable trusts.

In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.

Volunteers

The Church employs a small staff of Minister(s), Children's and Families’ Pastor(s) and administration staff. However, it is dependent upon the work and support of its volunteers to achieve the aims of the charity. Most the charity's activities are undertaken by volunteers and the charity could not operate effectively without their efforts.

Structure, Governance and Management

The policy and operating decisions of the charity rest with the Trustees who meet regularly to monitor the activities of the Church.

Page 5

Structure, Governance and Management (continued)

New trustees are appointed by the members of the church. Trustees are elected by secret ballot at a Church members’ meeting. The Minister(s) if any and Deacons, Elders and Treasurer are together the Charity Trustees of the Church. Where there is a Minister (or Ministers) that (those) person(s) are Charity Trustees because of their roles and responsibilities.

Membership of the Baptist Union of Great Britain

The Church is a member of the Baptist Union of Great Britain and of the South East Baptist Association. The Church will normally promote, encourage, support and advance the work of the Baptist Union, the South East Baptist Association and BMS World Mission through prayer, through financial contributions and, where appropriate, by making personnel available from the membership of the Church. When it is able the Church will also support local Baptist and ecumenical gatherings.

Financial review

The accounts for the year 2024-25 are detailed later in this report.

The accounts have been prepared on an accruals basis.

Income during the year totalled £248,071 with a further £65,564 of income to Endowment Funds for the Church building project. Total income for General, Restricted and Endowment Funds was £313,635.

Expenditure from General and Restricted funds totalled £266,869 with a further £37,426 of expenses from the Endowment Funds. Total expenditure from all funds was £304,296.

The Church drew down a loan from the Baptist Union in April 2015 to pay the remaining costs of the building project (completed in June 2015) and regular loan repayments have, therefore, commenced since that date.Since moving into the building in July 2015 the Church has been able to cease paying rental charges on other premises. There has been some increase in expenditure of unrestricted funds due to the increased running costs of a new and larger (but energy efficient) building. These costs include an additional, part time, staff member, appointed to manage the building plus a part-time caretaker. An increasing income stream from lettings for community use of this modern, well-equipped building is helping to offset the running costs of the building. The Church has now commenced saving a proportion of this hire income towards future "Phase 2" premises development, although the percentage that is affordable for the Church will be reviewed and adjusted at regular intervals.

Cash Balances at 31.3.25 totalled £250,678 of which £187,416 was held in Endowment funds. The donations into the Endowment Funds were used towards repayments on the outstanding loan and also to be held for the second phase of the building works. The remaining balances comprised of £8,361 held in restricted funds, £7,024 of which was held to be used for support of needy individuals or passed to other charities supported by the church (whose aims are in line with those of the church). £88 was held on behalf of the Horley Churches fraternal. Unrestricted balances held were £68,318 of which £11,016 had been set aside towards initiatives to support the development of the church's ministry and £33,990 potentially designated towards future development of the Church's building.

Page 6

Reserves policy

The normal policy of the church is to hold adequate working capital reserves (i.e. net current assets) of at least equal to £20,000, to ensure cashflow requirements for normal operational running costs are available. The unrestricted balance at the end of the 2021-22 financial year was adequate for day to day cashflow purposes at that time. In March 2022 the Members and Trustees agreed that the unrestricted balances in excess of the agreed reserves would be allocated towards specific development goals for further development of the church ministry and assets, including its online services offer and repairs and renewals of church property and equipment (this included £10,000 specifically allocated to renewal of the Manse kitchen, now completed). The remainder of these funds, previously set aside, are held in designated funds to be used as necessary for the agreed purposes or returned to undesignated funds.

The Church aims to set aside a proportion of its hire income (25% in 2024-25) in the hope that they can be held towards Phase 2 of the building works. However, these monies are held in designated funds which can be returned to General Funds in the future should this become necessary.

Going concern

The Trustees are confident that the Church is able to operate as a going concern and has no reason to envisage this position changing in the forseeable future.

Key risks and uncertainties

The charity is exposed to various risks - be they operational, financial or reputational. The trustees review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks.

Plans for the future

As we look ahead, our church is committed to continuing our daily activities while deepening our engagement with the community around us. We are dedicated to evolving our approaches and communication methods to stay relevant and impactful in our modern world. We hold fast to the timeless message of the Christian faith, ever mindful that it speaks powerfully to every generation. However, we recognise the need to move beyond traditions and communication styles that may hinder our outreach. We are part of the Further Faster network, and this helps to keep our finger on the pulse as we continue to work towards being a church where everyone feels welcome and is excited to be part of what's happening.

Our long-term vision includes the exciting "Phase 2" of our building project, which aims to provide a more spacious meeting area for our flourishing congregation. This expansion is a priority, as our current hall can no longer accommodate everyone comfortably. While we work towards this goal, we have now commenced hosting two Sunday morning services. This interim solution will ensure that everyone who wishes to worship with us can do so each week. Attendance increased as soon as two services occurred, showing that space was the limiting factor prior to the change.

Page 7

Plans for the future (continued)

We are driven by faith and inspired by the possibilities ahead. We will create a welcoming, modern, and vibrant community together where we can continue to grow, reach out and thrive.

Responsibilities of trustees under charity law

The trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to:

  1. select suitable accounting policies and apply them consistently;

  2. observe the methods and principles in the Charities SORP;

  3. make judgements and estimates that are reasonable and prudent;

  4. state whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

  5. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.

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 the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. 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.

Approval

This report was approved by the trustees and signed on their behalf by:

s.Duff s.Duff (Nov 19, 2025 13:59:22 GMT)

Nov 19, 2025

SUE DUFF DATE

Neil Robinson

Neil Robinson (Dec 9, 2025 16:03:06 GMT)

Dec 9, 2025

_______ NEIL ROBINSON DATE

Page 8

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

HORLEY BAPTIST CHURCH ('the Charity')

I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 March 2025 on pages 9 to 22 following, which have been prepared on the basis of the accounting policies set out on pages 11 to 13.

Responsibilities and basis of report

As the charity’s trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Charity’s accounts 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.

Independent examiner’s statement

Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants of England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts 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 accounts to be reached.

Lisa Darby

Lisa Darby (Dec 9, 2025 16:22:20 GMT)

Lisa Darby FCA Institute of Chartered Accountants of England and Wales Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: Dec 9, 2025

Page 9

HORLEY BAPTIST CHURCH

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2025

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Investments
5
Total income and endowments
EXPENDITURE ON:
Charitable activities
6
Grants Paid
6
Total expenditure
Net income/(expenditure)
Transfers between funds
15
Other recognised gains/(losses):
Gains/(losses) on revaluation of fixed assets
8
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
15		 Unrestricted
Funds
£
195,555
39,273
329
235,156
210,993
210,993
24,163
(37,893)
(13,731)
-
(13,731)
36,211
22,480		 Designated
Funds
£
-
-
-
-
9,649
30,524
40,173
(40,173)
37,893
(2,279)
-
(2,279)
47,997
45,717		 Restricted
Funds
£
12,915
-
-
12,915
9,691
6,012
15,703
(2,788)
-
(2,788)
-
(2,788)
11,149
8,361		 Endowment
Funds
£
56,767
-
8,798
65,564
37,426
-
37,426
28,138
-
28,138
(300,000)
(271,862)
2,892,847
2,620,985		 Total
Funds
2025
£
265,236
39,273
9,126
313,635
267,760
36,535
304,296
9,340
-
9,340
(300,000)
(290,660)
2,988,204
2,697,544		 Total
Funds
2024
£
327,202
71,766
7,684
406,651
246,320
29,446
275,765
130,886
-
130,886
-
130,886
2,857,319
2,988,204

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing operations.

The notes on page 11-21 form part of these accounts.

Page 10

HORLEY BAPTIST CHURCH

BALANCE SHEET

AS AT 31 MARCH 2025

Note
FIXED ASSETS
Tangible assets
8
CURRENT ASSETS
Debtors
9
Cash at bank and in hand
10
CREDITORS: Amounts falling
due within one year
11
Net current assets / (liabilities)
Total assets less current liabilities
CREDITORS: Amounts falling due
12
after more than one year
Net assets / (liabilities) excluding
pension asset / (liability)
TOTAL NET ASSETS
FUND BALANCES
15
Unrestricted Funds
General funds
Designated funds
Restricted Funds
Endowment Funds		 Unrestricted
Funds
£
-
-
17,543
9,580
27,122
(4,642)
22,480
22,480
-
22,480
22,480
22,480
22,480
-
-
22,480		 Designated
Funds
£
-
-
-
45,717
45,717
-
45,717
45,717
-
45,717
45,717
-
45,717
45,717
-
-
45,717		 Restricted
Funds
£
-
-
935
7,966
8,900
(539)
8,361
8,361
-
8,361
8,361
-
-
-
8,361
-
8,361		 Total
Endowment
Funds
£
2,433,961
2,433,961
3,894
187,416
191,310
(4,285)
187,024
2,620,985
-
2,620,985
2,620,985
-
-
-
-
2,620,985
2,620,985		 Total
Funds
2025
£
2,433,961
2,433,961
22,372
250,678
273,050
(9,467)
263,583
2,697,544
-
2,697,544
2,697,544
22,480
45,717
68,198
8,361
2,620,985
2,697,544		 Funds
2024
£
2,765,266
2,765,266
37,469
267,853
305,323
(6,038)
299,285
3,064,551
(76,347)
2,988,204
2,988,204
36,211
47,997
84,208
11,149
2,892,847
2,988,204

The financial statements were approved by the Board of Trustees and were signed on its behalf by:

s.Duff s.Duff (Nov 19, 2025 13:59:22 GMT) --------------------------------------SUE DUFF Nov 19, 2025 Date: ______ Charity number: 1133976

Neil Robinson

Neil Robinson (Dec 9, 2025 16:03:06 GMT) --------------------------------------NEIL ROBINSON Dec 9, 2025 Date: ______

The notes on page 11-21 form part of these accounts.

Page 11

HORLEY BAPTIST CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

1 Statutory Information

The charity is a trust registered with the Charity Commission in England & Wales. The charity's registered number and principal address can be found on the Charity Information page.

2 Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention as modified by the revaluation of certain assets, which are measured at fair value through the Statement of Financial Activities.

These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.

The accounts were prepared using an accruals basis.

The principles adopted in the preparation of the financial statements are set out below.

a) Going concern The trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

b) Income Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Income from donations and legacies includes:

Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from courses, events and occasionally retreats attended by volunteers and community members.

Income from other trading activities represents income receivable from activities undertaken to generate funds for the charity. It includes income from hire of the Church Premises by third parties.

Investment income represents income generated by the charity's assets and includes income from bank interest.

Page 12

2 Accounting Policies (continued)

c) Expenditure

Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

The cost of raising funds is not significant and has not been separately disclosed.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

d) Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects. Endowment funds are donations that are retained as capital in accordance with the donor's wishes. The nature of the restriction determines whether the endowments represent permanent endowments or expendable endowments.

e) Tangible fixed assets

Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £5,000 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:

Freehold land Is not depreciated (because it is not consumed by use)
Freehold buildings 2% per year on a reducing balance basis
Manse (house) Is not depreciated because houses normally rise in value
Leasehold improvements Over the lease term or, if shorter, expected useful life
Equipment Over 5 years, if the purchase was significant enough to capitalise

The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

f) Pension scheme arrangements The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as an expense when they are due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately as an independently administered fund.

Prior to 2012 pension provision was made through multi-employer defined benefit pension plans. Where it is not possible for the charity to obtain sufficient information to enable it to account for a plan as a defined benefit plan, it accounts for the plan as a defined contribution plan.

Where the plan is, or was in deficit and where the charity has agreed, with the plan, to participate in a deficit funding arrangement, the charity recognises a liability for this obligation. The amount recognised is the net present value of the contributions payable under the agreement that relate to the deficit. The unwinding of the discount is recognised as a finance cost and any other change in the measurement of this liability is expensed to the Statement of Financial Activities.

g) Taxation

h) Financial instruments

i) Exemption from preparing a cashflow statement

The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.

Page 13

2 Accounting Policies (continued)

j) Critical accounting estimates and areas of judgement ln preparing financial statements certain judgements, estimates and assumptions have to be made that affect the amounts recognised in the financial statements. The trustees consider the following to be significant:

3 Donations and legacies

Donations of cash and similar
Government grants (note 3a)
Legacies receivable
Income tax recoverable
a
Solar PV Feed in Tariff Grants
Local Council Grants for Warm Hub and other support to vulnerable groups
4
Income from charitable activities
Room hire income
Book sales
5
Investment income
Bank interest
6
Charitable expenditure
a
Costs incurred directly on specific activities
Costs relating to room hires
Salaries, travel and expenses
Gifts to speakers
Telephone and online services
Catering
Manse Property Costs
Church Premises Utilities
Cleaning & Maintenance of buildings & equipment
Capital Building Repairs and Improvements, plus associated fees
Costs of Ministry, Church activities and Support services
Work among the young
Work amongst the elderly, vulnerable groups and those with special needs
Outreach activities
Grants payable (note 8c)
Total expenditure on specific activities
Government grants comprise:		 2025
£
221,175
1,694
-
42,367
265,236
2025
£
1,694
-
1,694
2025
£
39,127
146
39,273
2025
£
9,126
9,126
2025
£
1,335
135,093
375
3,700
1,301
19,411
11,598
21,234
4,285
7,457
4,503
4,659
4,828
219,778
36,535
256,314		 2024
£
223,526
2,291
57,947
43,438
327,202
2024
£
1,891
400
2,291
2024
£
71,668
97
71,765
2024
£
7,684
7,684
2024
£
2,513
124,195
560
9,077
2,979
18,539
13,488
23,373
3,725
10,439
3,495
4,742
4,122
221,247
29,446
250,692

Page 14

6 Charitable expenditure (continued)

b
Costs incurred on support & administration
Governance costs
Legal consultancy fees
Independent examiner's fee
Printing, postage, stationery and office costs
Subscriptions and professional fees
Bank loan interest payable
Other costs, including loan finance charges, interest and refunded charges
Depreciation of tangible fixed assets
Insurance
Total support expenditure		 2,640
2,640
3,563
5,090
1,836
571
31,305
2,977
45,342		 2520
2,520
5,476
6,212
7,448
512
2,905
22,553

c Grants payable

Grants for UK and overseas mission
The comparatives for the previous year are as follows:
Grants for UK and overseas mission
The charity's principal grants to institutions comprised:
Frontiers
Compassion
Leprosy Mission
Baptist Union and South Eastern Baptist Association (Home Mission)
Westvale Community Church (Supporting a local church recently started)
Grants to institutions for less than £1,000 each		 Institutions
£
27,055
27,055
Institutions
£
20,626
20,626		 Individuals
£
9,480
9,480
Individuals
£
8,820
8,820
2025
£
10,811
1,788
1,385
9,020
2,400
1,652
27,055		 2025
£
36,535
36,535
2024
£
29,446
29,446
2024
£
9,170
1,064
8,310
1,000
1,082
20,626

7 Analysis of staff costs, the cost of key management personnel and trustee remuneration

ysis of staff costs, the cost of key management personnel and trustee remuneration
Gross wages and salaries
Social security
Pension costs		 2025
£
112,696
8,028
6,971
127,695		 2024
£
104,024
7,350
6,553
117,927

The average monthly number of employees during the year was 6 (2024: 6). Most of the charity's activities are carried out by volunteers.

No employee received salaries in excess of £60,000 during the year (2024: nil)

The charity's key management comprise the trustees and the key staff named on the Charity Information page. Total employment benefits payable to key management for the year were as follows:


fits payable to key management for the year were as follows:
Other
Employer
Wages &
employment
pension
salaries
benefits
contributions
Trustees employed as Ministers:
Martin Shorey
37,600
3,900
2,923
Darren Jones
33,040
2,640
2,441		 2025
£
44,423
38,121
82,544

Page 15

7 Analysis of staff costs, the cost of key management personnel and trustee remuneration (continued)

The following amounts were payable in the previous year:

following amounts were payable in the previous year:
Other
Employer
Wages &
employment
pension
salaries
benefits
contributions
Trustees:
Martin Shorey
34,450
3,900
2,737
Darren Jones
28,300
2,640
2,292		 2024
£
41,087
33,232
74,319

Martin Shorey and Darren Jones served as church leaders and received the above payments for serving in that capacity, not for serving as trustees. Martin Shorey received childcare vouchers in line with HMRC provision on a salary sacrifice basis. The cost of these vouchers is included in the total salary and benefits amount for Martin Shorey. Payments were also made towards Employer Pensions and heat and light contributions.

In addition the charity incurred expenditure totalling £15,300 (2023-24 £16,192) in respect of the customary provision of accommodation to Darren Jones, who is a trustee (and serves as a church Leader) so that they could better perform their duties.

All such payments were made in line with the charity's constitution and the terms and conditions of the appointments of these individuals as Ministers of the Church, taxed in accordance with HMRC and Baptist Union guidance for Manse provision.

No sums were reimbursed to the Trustees for their work as Trustees (2024: nil).

There were no other key management staff employed, other than the ministers.

8 Tangible fixed assets

Cost or valuation
At 31st March 2024
Gains / (losses) on revaluation - loss on impairment
At 31st March 2025
Accumulated depreciation
At 31st March 2024
Charge for the year
At 31st March 2025
Net book value
At 31st March 2025
31st March 2024		 Manse
(house)
£
470,000
-		 Freehold Land
£
430,000
-		 Building -
freehold
property
£
1,865,266
(300,000)
1,565,266
-
31,305
31,305
1,533,961
1,865,266		 Fixtures,
fittings and
equipment
£
-
-
-
-
-
-
-		 Total
2025
£
2,765,266
(300,000)
470,000 430,000 2,465,266
-
-
-
470,000
470,000		 -
-
-
430,000
430,000		 -
31,305
31,305
2,433,961
2,765,266

Freehold property

The Church building was originally valued at £1,865,266, being the build cost at 2015. The Trustees decided in 2025 that the value of the Church building (but not land) should be depreciated by 2% per year on a reducing balance basis to recognise the finite lifespan of modern buildings. Since the building is now 10 years old and depreciation has not previously been applied an additional "loss on impairment" charge has also been applied.

A review of the value of the church Manse (house) was carried out in 2021 resulting in the current book value of £470,000. The Trustees have agreed to review the valuation every 10 years

In the event of the charity ceasing to operate as a going concern both of the buildings would remain the property the Baptist Union of Great Britain, as Custodian Trustees and would not be available as realisable assets of the charity.

Page 16

9 Debtors

ors
Premises Hire
Tax recoverable
Legacy balance due at 31.3.24
Security Deposit
Other Debtors		 2025
£
1,004
19,613
-
1,471
284
22,372		 2024
£
3,332
19,719
12,947
1,471
-
37,469

10 Cash at Bank and in Hand

Cash at bank with immediate access
Notice deposits (with a term of three months or less)
Petty cash
itors: liabilities falling due within one year
Trade creditors
Accruals
Loans (see note below re 2024-25 liability)
itors: amounts falling due after more than one year
Loans		 2025
£
33,562
216,850
267
250,678
2025
£
5,316
4,151
-
9,467
2025
£
-
-		 2024
£
62,221
205,310
323
267,853
2024
£
3,518
2,520
-
6,038
2024
£
76,347
76,347

11 Creditors: liabilities falling due within one year

12 Creditors: amounts falling due after more than one year

13 Loans

The liabilities for loans referred to in notes 14 and 15 fall due for repayment as follows:

Repayable:
Within one year
Between one and five years		 By
instalments
-
-
-		 2025
£
-
-
-		 2024
£
-
76,347
76,347

The loan referred to in the above notes in previous years was taken from the Baptist Union loan fund, secured by way of a fixed and floating charge on the charity's assets. (The Baptist Union Corporation is the Custodian Trustee for the Church's buildings). Monthly donations from Church Members were pledged as security for the charity's loan. Interest was payable at a variable rate of bank base rate plus 3%. The loan was repaid in monthly instalments and was due to be repaid in full by May 2030. The Church made repayments ahead of schedule and completed repayment of the loan in full in March 2025.

Page 17

14 The Baptist Union Pension Scheme

The Church is a participating employer the Baptist Pension Scheme (“the Scheme”), which is a separate legal entity administered by the Pension Trustee (Baptist Pension Trust Limited). The Scheme, previously known as the Baptist Ministers Pension Fund, started in 1925. At the beginning of the financial year, the scheme comprised of a defined benefits scheme which was closed to future accrual on 31 December 2011 and a defined contribution plan which was opened in January 2012.The assets of the Scheme are held separately from those of the Employer and the other participating employers.

For the current financial year, the pension provision for members of the Scheme is being made through the Defined Contribution (DC) Plan. In general, members pay 8% of their Pensionable Income and employers pay 6% of members’ Pensionable Income into individual pension accounts, which are operated and managed on behalf of the Pension Trustee by Broadstone Corporate Benefits Ltd. In addition, the employer pays a further 4% of Pensionable Income to cover Death in Service Benefits, administration costs, and an associated insurance policy which provides income protection for Scheme members if they are unable to work due to longterm incapacity. This income protection policy has been insured by the Baptist Union of Great Britain with Aviva Limited. Furthermore, members of the Basic Section pay reduced contributions of 5% of Pensionable Income, and their employers also pay a total of 5%.

In October 2024, the insurance company Just Group completed a buy out of the liabilities of the closed defined benefit scheme. From that date any remaining liability of the participating scheme members to defined benefit scheme ceased and the £1 per month deficit contributions payable by the participating employers which were agreed in the recovery plan approved in August 2022 also ceased from that date. Administration of the closed defined benefit scheme transferred from the pension trustees to Just Group from that date.

The Ministers and church staff are eligible to join the Scheme.

Section 28.11A of FRS 102 requires agreed deficit recovery payments to be recognised as a liability. The present value of the agreed deficit contributions were immaterial at the beginning of the financial year and were fully extinguished once buy out was completed by Just Group in October 2024.

Summary of pension contributions payable for year:

The charity's pension contributions were as follows

charity's pension contributions were as follows
to the Baptist Union Ministers defined benefit pension scheme (deficit provision)
to Baptist Union Staff and Ministers' defined contribution pension schemes		 2025
£
7
6,971
6,978		 2024
£
12
6,553
6,565

The 2024 pension costs above have been corrected to £6565 after a calculation error in last years accounts led to them being incorrectly overstated at £7411.

Page 18

15 Funds

During the year the movements in the charity's funds were as follows:

Designated Funds
Mission Fund
Fund for Church Growth Initiatives
Phase 2 Property Development
Funds potentially reserved towards
Phase 2 Property Development
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Fund for Church Growth Initiatives
Mission Fund
Pastoral Fund
Repairs Renewals Fund
Praise Club Fund
Horley Ministers Fraternal Funds
Endowment Funds
Permanent
Buildings Fund
Buildings Fund for Phase 2 (Future
Development)
Aggregate of funds		 Opening
balance
2025
£
3,124
20,665
6,224
17,984
47,997
36,211
84,208
883
2,330
6,353
-
1,250
334
11,149
2,867,675
25,172
2,892,847
2,988,204		 Incoming
resources
2025
£
-
-
-
-
-
235,156
235,156
-
7,879
2,946
1,500
-
590
12,915
53,564
12,000
65,564
313,635		 Outgoing
resources
2025
£
(30,524)
(9,649)
-
-
(40,173)
(210,993)
(251,166)
(883)
(7,902)
(4,582)
(1,500)
-
(836)
(15,703)
(1,836)
(4,285)
(6,121)
(272,990)		 Transfers
in the year
2025
£
28,112
-
-
9,782
37,893
(37,893)
-
-
-
-
-
-
-
-

-
-
-		 Gains and
losses
2025
£
-
-
-
-
-
-
-

-

-
-
-

-
(331,305)
-
(331,305)
(331,305)		 Closing
balance
2025
£
712
11,016
6,224
27,766
45,717
22,480
68,198
(0)
2,307
4,717
-
1,250
88
8,361
2,588,099
32,886
2,620,985
2,697,544

Page 19

15 Funds (continued)

The transfers referred to above were made for the following reasons:

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

Tangible fixed assets
Debtors
Cash at bank and in hand
Creditors falling due within one year
Creditors falling due after one year		 General
Designated
funds
funds
£
£
-
17,543
-
9,579
45,717
(4,642)
-
-
-
22,480
45,717
Unrestricted Funds		 Restricted
funds
£
-
935
7,966
(539)
-
8,361		 Endowment
funds
£
2,433,961
3,894
187,416
(4,285)
-
2,620,985		 2025
£
2,433,961
22,372
250,678
(9,467)
-
General
funds
£
17,543
9,579
(4,642)
-
22,480
2,697,544

In the previous year the movements in the charity's funds were as follows:

Designated Funds
Mission Fund
Fund for Church Growth Initiatives
Repairs/ Renewal Fund (Eqt &
buildings)
Phase 2 Property Development
General Unrestricted Funds
Total Unrestricted Funds		 Opening
balance
2024
£
2,625
25,347
10,817
-
38,788
33,473
72,261		 Incoming
resources
2024
£
-
-
-
-
-
262,562
262,562		 Outgoing
resources
2024
£
(26,662)
(4,682)
(4,593)
(35,937)
(214,679)
(250,616)		 Transfers
in the year
2024
£
27,161
17,984
45,146
(45,146)
-		 Gains and
losses
2024
£
-
-
-
-
-
-		 Closing
balance
2024
£
3,124
20,665
6,224
17,984
47,997
36,211
84,208

Page 20

15 Funds (continued)

Restricted Funds

Restricted Funds
Fund for Church Growth Initiatives
Mission Fund
Pastoral Fund
Praise Club Fund
Horley Ministers Fraternal Funds
Endowment Funds
Permanent
Buildings Fund
Buildings Fund for Phase 2 (Future
Development)
Aggregate of funds		 -
788
4,077
-
580
5,445
2,762,716
16,897
2,779,613
2,857,319		 3,625
5,497
8728.6
1,250
580
19,681
112,408
12,000
124,408
406,651		 (2,742)
(3,956)
(6,452)
(826)
(13,976)
(7,448)
(3,725)
(11,173)
(275,765)		 -
-
-

-
-
-

-
-
-		 -
-
-
-
-
-
-
-
-		 883
2,330
6,353
1,250
334
11,149
2,867,675
25,172
2,892,847
2,988,204

Analysis of net assets by fund

In the previous year, the assets and liabilities of the various funds were as follows:

Tangible fixed assets
Debtors
Cash at bank and in hand
Creditors falling due within one year
Creditors falling due after one year		 General
Designated
funds
funds
£
£
(0)
-
20,147
-
22,102
47,997
(6,038)
-
-
-
36,211
47,997
Unrestricted Funds		 Restricted
funds
£
-
568
10,581
-
-
11,149		 Endowment
funds
£
2,765,266
16,754
187,174
-
(76,347)
2,892,847		 2024
£
2,765,266
37,469
267,853
(6,038)
(76,347)
General
funds
£
(0)
20,147
22,102
(6,038)
-
36,211
2,988,204

The Pastoral Fund is used to support people in need within the local community.

The Mission Fund is used to collect gifts given for specific mission works or charitable causes.

The Fund for Church Growth Initiatives is used for the development of the Church's online minstry and other initiatives for growth and development of its staff, volunteers and ministry.

The Praise Club Fund is used to support the activities of the Praise Club, which is a group for adults with special needs.

The funds held on behalf of the Horley Ministers' Fraternal are held towards joint initiatives and communications between all Horley Christian Churches,

The Endowment Fund was used for donations given towards the development of the Church Premises. After the Phase 1 Building project was completed new receipts dedicated towards the building project to pay off the loan or put towards Phase 2 of the building works have been received directly into the Endowment Fund, creating a cash balance towards these costs. As the loan is now paid off, all cash balances and future donations will be held towards Phase 2.

Page 21

16 Transactions with related parties

During the year the charity:

Except as disclosed above and in note 9 'Analysis of staff costs', there have been no other transactions with related parties during the year.

17 Events since the year end

There have been no relvant events since the year end which need to be disclosed or which would materially affect the position at 31.3.25

Page 22

HORLEY BAPTIST CHURCH

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 MARCH 2025

Note
INCOME AND ENDOWMENTS FROM:
Donations, legacies, Grants and Gift Aid 3
Charitable activities
4
Investments
5
Total income and endowments
EXPENDITURE ON:
Charitable activities - Direct Costs
6
Grants Paid
6
Total Expenditure
Net income/(expenditure)
Transfers between funds
15
Other recognised gains/(losses):
Gains/(losses) on revaluation of fixed as 8
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
15		 General
Designated
2025
2025
£
195,555
-
39,273
-
329
-
235,156
-
210,993
9,649
-
30,524
210,993
40,173
24,163
(40,173)
(37,893)
37,893
(13,731)
(2,279)
-
-
(13,731)
(2,279)
36,211
47,997
22,480
45,717
Unrestricted funds		 Restricted
2025
£
12,915
-
-
12,915
9,691
6,012
15,703
(2,788)
-
(2,788)
0
(2,788)
11,149
8,361		 Endowment
2025
£
56,767
-
8,798
65,564
37,426
37,426
28,138
-
28,138
(300,000)
(271,862)
2,892,847
2,620,985		 Total
2025
£
265,236
39,273
9,126
313,635
267,760
36,535
304,296
9,340
-
9,340
(300,000)
(290,660)
2,988,204
2,697,544		 General Designated
2024
2024
£
190,280
-
71,766
-
516
-
262,562
-

214,679
10,437
-
25,500
214,679
35,937
47,883
(35,937)
(45,145)
45,145
2,738
9,208
-
-
2,738
9,209
33,473
38,788
36,211
47,997
Unrestricted funds		 Restricted
2024
£
19,681
-
-
19,681
10,031
3,946
13,976
5,705
-
5,705
-
5,705
5,445
11,149		 Endowment
2024
£
117,241
-
7,167
124,408
11,173
-
11,173
113,234
-
113,234
-
113,234
2,779,613
2,892,847		 Total
2024
£
327,202
71,766
7,684
406,651
246,320
29,446
275,766
130,886
-
130,886
-
130,886
2,857,319
2,988,204

Page 23