OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2025-11-30-accounts

Charity registration number 1134346 (England and Wales)

TRUSTEES OF FULLER BAPTIST CHURCH

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025

TRUSTEES OF FULLER BAPTIST CHURCH

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees J P Fell
J Jessop
F I Malsher
S L Stokes
S R Vidler
D Whitehouse
P E Howes (Appointed 8 December 2024)
D J Gamston (Appointed 8 December 2024)
K F Drake (Appointed 8 December 2024)
J L Butlin (Appointed 30 November 2025)
K P Agunbiade (Appointed 30 November 2025)
C Anbazhagan (Appointed 30 November 2025)
Charity number 1134346
Principal address 51 Gold Street
Kettering
Northamptonshire
United Kingdom
NN16 8JB
Independent examiner Azets Audit Services
Orion House (Ground Floor)
Orion Way
Kettering
Northamptonshire
United Kingdom
NN15 6PE
Bankers Lloyds Bank plc
Corby Branch
PO Box 1000
BX1 1LT
Solicitors Anthony Collins Solicitors LLP
134 Edmund Street
Birmingham
United Kingdom
B3 2ES

TRUSTEES OF FULLER BAPTIST CHURCH

CONTENTS

Page
Trustees' report 1 - 4
Statement of Trustees' responsibilities 5
Independent examiner's report 6
Statement of financial activities 7 - 8
Balance sheet 9
Notes to the financial statements 10 - 29

TRUSTEES OF FULLER BAPTIST CHURCH

TRUSTEES' REPORT

FOR THE YEAR ENDED 30 NOVEMBER 2025

The Trustees present their annual report and financial statements for the year ended 30 November 2025.

The financial statements have been prepared in accordance with the accounting policies set out in notes to the financial statements and comply with the Church’s constitution, 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 published in October 2019.

Objectives and activities

The Charity's mission statement is to honour the Lord Jesus Christ, to grow in knowledge and experience of Him, and to share His love with each other, our town, nation and world.

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.

Public benefit statement

When planning activities for the year the managing trustees have considered The Charity Commission's guidance on public benefit and in particular, the specific guidance on charities for the advancement of religion. The Church aims to enable people to live out their faith as part of our Church community through:

The managing trustees have a policy of raising funds to make grants to specific individuals and organisations. A total of £11,017 (2024: £7,067) was donated during the year to assist with the proclamation of the gospel of Jesus Christ. Organisations supported in 2025 include Baptist Missionary Society, Baptist Home Mission, Christian Aid and Hope UK.

Achievements and performance

Ministry and pastoral care

Worship services are held each Sunday at 10.30 am with an all-age service usually on the first Sunday of the month. Communion is usually celebrated on the third Sunday of the month. Our services use a mixture of both traditional and contemporary music.

The Church is in a period of Pastoral vacancy and worship is being led by a variety of visiting preachers.

The Deacons have held two away day retreats during the year to focus on where God is leading us particularly during our pastoral vacancy.

The Church has hosted and shared in united services with both other Baptist Churches in the town and the local Churches Together group, including the Good Friday walk of witness.

The Pastoral Care Team have continued to work to keep in contact with and pray for housebound people and those suffering illnesses.

House groups meet regularly in the homes of members on various days of the week.

A Church magazine, “In Touch”, is produced quarterly to update members and friends of news and events.

TRUSTEES OF FULLER BAPTIST CHURCH

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025

Children and Youth

Sunday Club is run as a single group for Primary school aged children, alongside Rock Solid for Secondary school aged children, meeting weekly other than when there is an all-age service.

A Youth Club meets fortnightly on a Friday evening for 10-17 year olds and have included visits from Northants Association of Youth Clubs for crafts and games. The Youth Club was nominated for Group of the Year at the NAYC 2025 awards.

A Senior Youth Club meets monthly for 17-24 year olds. During the year, they have also attended Christian Festivals and other one-off events and social activities.

Noah’s Ark meets on a Friday morning for toddlers and their parents/carers.

Messy Church is held at least four times a year.

Rainbows, Brownies and Guides meet weekly during term time.

Outreach

Men's Breakfast meet on the first Saturday morning of the month at a local pub.

A weekly Coffee morning is held on a Tuesday.

The Heritage Centre holds open days and welcomes group visits, from both home and abroad, on a pre-arranged basis.

A table tennis group meets fortnightly on a Friday morning.

Kettering Community Unit

The Church hosts the office and courses for Kettering Community Unit, a local charity who offer education and training, a foodbank, furniture recycling and support projects to vulnerable people. Over a year, several hundred attend courses on the Church premises during term time.

Financial review

The principal funding source is the regular giving to the Church by its members and others, inclusive of associated gift aid tax recovery.

Total income for the year was £164,417 (2024: £419,383) of which £120,422 (2024: £105,884) came from donations and legacies. Income from charitable activities totalled £1,252 (2024: £1,533). Investments produced £32,458 compared to £28,576 in 2024.

Other income has decreased to £10,285 compared to £283,390 in 2024, which included the sale of the manse during 2024 with an accounting gain of £272,650.

Expenditure on charitable activities totalled £123,611 (2024: £176,910).

Overall there was a surplus of £50,083 compared to a surplus of £246,289 in 2024. Excluding the gain recognised on the sale of the manse in 2024, the Church made a loss of £26,361 in 2024.

TRUSTEES OF FULLER BAPTIST CHURCH

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025

Reserves policy

The total fund balances carried forward now amount to £2,010,493 of which £1,780,236 are unrestricted funds. Part of this total is held on various designated funds. Free reserves are the unrestricted funds, not including designated funds, deducting amounts invested in tangible assets and investment properties. Free reserves are calculated to be £84,456 (2024: £84,377).

During the year, the Trustees reviewed the level of free reserves and have decided that those funds which have not been designated for a specific use should, in future, be retained at a level equivalent to approximately 6 months’ expenditure. They will review the designated funds each year to work towards achieving the agreed level of free reserves. The Trustees consider that reserves at this level will ensure that, in the event of unforeseen variations in income streams, they will be able to continue the Charity's current activities while consideration is given to ways in which additional funds may be raised.

Investment policy

The investments made by the managing trustees are in unit trusts for charities which were acquired some years ago on investment advice as being suitable investments for the holding of church funds. The equities were specifically bequeathed to the Church. The managing trustees do not consider the costs of employing professional investment advisors can be justified bearing in mind the amount of funds in quoted investments. All investments held by the Church during the year are in accordance with the powers of the trustees, as authorised by the Trustee Act 2000.

Risk management

The trustees have reviewed the major risks to which the charity is exposed, and in particular to those relating to the operations and finances of the charity.

Having regard to the levels and categories of insurance cover, the controls on the financial systems, and following the guidelines suggested by the Baptist Union of Great Britain in respect of both a Health and Safety Policy, a Safeguarding Policy and evacuation procedures in the event of an emergency, the trustees are satisfied that systems are in place to mitigate the charity's exposure to major risks.

Structure, governance and management

The Charity was set up by a Declaration of Trust dated 25 February 1816, for the Baptist Church which had been founded in Kettering in 1696. The deed provides the basis for the working of Fuller Baptist Church on the site in Gold Street, or on any other site within a twelve mile radius.

Holding trustees

The holding trustees have provided, through the generosity of many benefactors, the premises occupied by Fuller Baptist Church, for use by its members and others, in the worship of God and in adherence to the Christian Faith as practised by those known as Baptists.

The holding trustees are appointed by the members of the Church at a Special Church Meeting called for that purpose, and are appointed for life unless they resign, become of unsound mind, or are removed at a Special Church Meeting called for that purpose. The trust deed provides for a minimum of five and a maximum of thirteen trustees. The holding trustees own the legal title to the freehold and leasehold properties and investments of the Church. The holding trustees only meet when matters relating to property legal issues need to be progressed.

The holding trustees in office during the year were:

The Baptist Union Corporation Limited Mrs. N Butlin RGN RM H/V Cert (Retired) Mr D M Leverett FCA Mr. S G Toseland B Ed (Hons) Dr P D Wharin MA MB BChir MRCGP

TRUSTEES OF FULLER BAPTIST CHURCH

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025

Charity trustees

The managing trustees are the ministers and deacons. The ministers are appointed by the members of the Church at a Special Church Meeting called for that purpose. The deacons are also appointed at a Special Church Meeting called for that purpose, and their term of appointment is normally three years, following which they are eligible for re-nomination. The managing trustees usually meet at least eleven times each year, and additional meetings are called as required. New managing trustees receive a booklet published by The Baptist Union of Great Britain outlining their duties and responsibilities.

The managing trustees (minister and deacons) who held office during the financial year were as follows:

Kate Drake - appointed 8 December 2024 Jon Fell David Gamston - appointed 8 December 2024 Paul Howes - appointed 8 December 2024 Jackie Jessop David M Leverett - retired 31 December 2024 Fiona I Malsher Thuli Ndlovu - resigned 30 September 2025 Sue Stokes Jim Butlin - appointed 30 November 2025 Peter Agunbiade - appointed 30 November 2025 Chezhiyan Anbazhagan - appointed 30 November 2025 Stephen R Vidler – Church Secretary David Whitehouse - Church Treasurer

Membership

Members are admitted in accordance with the Constitution by vote of the Church meeting on profession of their Christian faith, either by Believers' Baptism or by affirmation.

During the year, four members passed away, two transferred to other Churches and eight have been removed, making a total membership of 104.

Church members meet at least four times each year to decide on matters of business relating to the whole Church.

The Trustees' report was approved by the Board of Trustees.

D Whitehouse

21 June 2026

TRUSTEES OF FULLER BAPTIST CHURCH

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 30 NOVEMBER 2025

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

The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Church and of the incoming resources and application of resources of the Church for that year.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the Church 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 Church and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

TRUSTEES OF FULLER BAPTIST CHURCH

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF TRUSTEES OF FULLER BAPTIST CHURCH

I report to the Trustees on my examination of the financial statements of Trustees of Fuller Baptist Church (the Church) for the year ended 30 November 2025.

Responsibilities and basis of report

As the Trustees of the Church you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.

I report in respect of my examination of the Church’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the 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 (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.

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.

Paul Tyler FCA Azets Audit Services Orion House (Ground Floor) Orion Way Kettering Northamptonshire NN15 6PE United Kingdom

Dated: 26 June 2026

TRUSTEES OF FULLER BAPTIST CHURCH

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 NOVEMBER 2025

Current financial year
Unrestricted
Restricted Endowment
funds
funds
funds
2025
2025
2025
Notes
£
£
£
Income and endowments from:
Donations and legacies
3
110,946
9,476
-
Charitable activities
4
1,252
-
-
Investments
5
31,309
1,149
-
Other income
6
10,285
-
-
Total income
153,792
10,625
-
Expenditure on:
Charitable activities
7
112,328
11,283
-
Net gains/(losses) on investments
12
-
-
9,277
Net incoming/(outgoing) resources before
transfers
41,464
(658)
9,277
Gross transfers between funds
(1,809)
1,809
-
Net movement in funds
39,655
1,151
9,277
Fund balances at 1 December 2024
1,740,581
74,325
145,504
Fund balances at 30 November 2025
1,780,236
75,476
154,781		 Total
2025
£
120,422
1,252
32,458
10,285
164,417
123,611
9,277
50,083
-
50,083
1,960,410
2,010,493		 Total
2024
£
105,884
1,533
28,576
283,390
419,383
176,910
3,816
246,289
-
246,289
1,714,121
1,960,410

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

TRUSTEES OF FULLER BAPTIST CHURCH

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025

Prior financial year

Unrestricted
Restricted Endowment
funds
funds
funds
2024
2024
2024
Notes
£
£
£
Income and endowments from:
Donations and legacies
3
97,092
8,792
-
Charitable activities
4
1,533
-
-
Investments
5
27,326
1,250
-
Other income
6
283,390
-
-
Total income
409,341
10,042
-
Expenditure on:
Charitable activities
7
161,225
15,685
-
Net gains/(losses) on investments
12
-
-
3,816
Net incoming/(outgoing) resources before transfers
248,116
(5,643)
3,816
Net movement in funds
248,116
(5,643)
3,816
Fund balances at 1 December 2023
1,492,465
79,968
141,688
Fund balances at 30 November 2024
1,740,581
74,325
145,504		 Total
2024
£
105,884
1,533
28,576
283,390
419,383
176,910
3,816
246,289
246,289
1,714,121
1,960,410

TRUSTEES OF FULLER BAPTIST CHURCH

BALANCE SHEET

AS AT 30 NOVEMBER 2025

Notes
Fixed assets
Tangible assets
14
Investment properties
15
Investments
16
Current assets
Debtors
17
Investments
18
Cash at bank and in hand
Creditors: amounts falling due within
one year
19
Net current assets
Total assets less current liabilities
Capital funds
Endowment funds
21
Income funds
Restricted funds
22
Unrestricted funds-general
Designated funds
23
General unrestricted funds		 2025
£
£
999,108
10,000
74,717
1,083,825
22,112
759,555
161,210
942,877
(16,209)
926,668
2,010,493
154,781
75,476
754,467
1,025,769
1,780,236
2,010,493		 2024
£
£
1,007,139
10,000
65,440
1,082,579
16,550
748,072
122,687
887,309
(9,478)
877,831
1,960,410
145,504
74,325
706,861
1,033,720
1,740,581
1,960,410		 2024
£
£
1,007,139
10,000
65,440
1,082,579
16,550
748,072
122,687
887,309
(9,478)
877,831
1,960,410
145,504
74,325
706,861
1,033,720
1,740,581
1,960,410
1,082,579
877,831
1,960,410
145,504
74,325
1,740,581
1,960,410

The financial statements were approved by the Trustees on 21 June 2026

D Whitehouse Trustee

TRUSTEES OF FULLER BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025

1 Accounting policies

Charity information

The Fuller Baptist Church is a charity, registered with the Charity Commission no. 1134346 and meets the FRS 102 definition of a public benefit entity.

1.1 Accounting convention

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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Practice.

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 issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the Church. Monetary amounts in these financial statements are rounded to the nearest £.

The Church’s accounts present information about it as an individual undertaking.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the Church has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Designated funds comprise funds which have been set aside at the discretion of the Trustees for specific purposes. The separate designated funds are listed in the notes to the financial statements.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Church.

1.4 Incoming resources

Income is recognised when the Church is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the Church has been notified of the donation, unless performance conditions require deferral of the amount.

TRUSTEES OF FULLER BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025

1 Accounting policies

(Continued)

Legacies are recognised on receipt or otherwise if the Church has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

1.5 Resources expended

All expenditure is accounted for on an accruals basis and is recognised 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.

The Church does not make formal appeals for funds, and expenditure on these items is therefore not material.

The Church makes grants to other organisations whose charitable objectives complement its work. They are accounted for when the recipient has been notified of the grant and payment is unconditional.

Support costs are those costs that assist the work of the Church but do not directly represent charitable activities and include office costs and governance costs. Where support costs cannot be directly attributed to particular headings they have been allocated to expenditure on charitable activities on a basis consistent with the use of resources. Governance costs are costs associated the governance arrangements of the Church. Most of the 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 service.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings 0% Fixtures, fittings and equipment 15% - 25% Audio and IT equipment 33%

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

No depreciation has been provided on freehold land and buildings as it is the policy of the trustees to maintain these assets in a continual state of sound repair. Accordingly the trustees consider the lives of these assets to be so long and their residual values so high, that their depreciation is insignificant.

1.7 Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure.

Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

1.8 Fixed asset investments

Fixed asset investments are initially measured at transaction price and are subsequently measured at fair value at each reporting date using the closing quoted market price. Changes in fair value are recognised in net income/(expenditure) for the year.

TRUSTEES OF FULLER BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025

1 Accounting policies

(Continued)

1.9 Impairment of fixed assets

At each reporting end date, the Church reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.10 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less. Deposits with original maturities between three months and twelve months are classified as current asset investments.

Basic financial assets

Basic financial assets include debtors and cash and bank balances. Debtors are recognised at the settlement amount due after any trade discount offered.

Basic financial liabilities

Basic financial liabilities include creditors and bank loans. Creditors are normally recognised at their settlement amount.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Church’s contractual obligations expire or are discharged or cancelled.

1.11 Retirement benefits

The Church operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Church pays fixed contributions into a separate entity. Once the contributions have been paid, the Church 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 from the Church in an independently administered fund.

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

Where the plan is in deficit and where the Church has agreed, with the plan, to participate in a deficit funding arrangement, the Church 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.

2 Critical accounting estimates and judgements

In the application of the Church’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

TRUSTEES OF FULLER BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025

3 Donations and legacies

Unrestricted
Restricted
funds
funds
general
2025
2025
£
£
Donations and gifts
110,946
9,476
For the year ended 30 November 2024
97,092
8,792
Donations and gifts
Offerings
70,906
-
Other donations
20,514
9,476
Gift aid offerings
10,793
-
Legacies
8,733
-
110,946
9,476		 Total
2025
£
120,422
70,906
29,990
10,793
8,733
120,422		 Total
2024
£
105,884
105,884
69,813
25,669
10,402
-
105,884

4 Income from charitable activities

Other Other
charitable charitable
income income
2025 2024
£ £
Sales within charitable activities 130 102
Subscriptions and entrance fees 1,122 1,431
1,252 1,533
Analysis by fund
Unrestricted funds 1,252 1,533

TRUSTEES OF FULLER BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025

5 Investments

Unrestricted
Restricted
funds
funds
general
2025
2025
£
£
Rental income
150
-
Income from listed
investments - dividends
4,124
-
Interest receivable
27,035
1,149
31,309
1,149		 Total
Unrestricted
Restricted
funds
funds
general
2025
2024
2024
£
£
£
150
150
-
4,124
3,835
-
28,184
23,341
1,250
32,458
27,326
1,250		 Total
2024
£
150
3,835
24,591
28,576

6 Other income

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Net gain on disposal of tangible fixed assets - 272,650
Other income 10,285 10,740
10,285 283,390

During 2024, the Church sold the manse at 13 St Mary's Road, Kettering. The gross proceeds received were £445,000, which resulted in a gain on the sale of £272,650 after deducting the costs of selling the property.

Other income comprises rent from property held primarily for the Church's own use.

TRUSTEES OF FULLER BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025

7 Charitable activities

Staff costs
Other ministry costs
Grant funding of activities (see note 8)
Share of support costs (see note 9)
Share of governance costs (see note 9)
Analysis by fund
Unrestricted funds - general
Restricted funds		 Ministry
costs
2025
£
-
5,078
5,078
-
-
7,122
12,200
12,200
-
12,200		 Mission
costs
Establishment
costs
2025
2025
£
£
-
23,142
4,510
70,735
4,510
93,877
11,017
-
-
2,007
-
-
15,527
95,884
4,244
95,884
11,283
-
15,527
95,884		 Total
2025
£
23,142
80,323
103,465
11,017
2,007
7,122
123,611
112,328
11,283
123,611		 Ministry
costs
2024
£
10,582
5,766
16,348
-
-
7,114
23,462
18,177
5,285
23,462		 Mission
costs
Establishment
costs
2024
2024
£
£
-
31,565
10,036
101,650
10,036
133,215
7,067
-
-
3,130
-
-
17,103
136,345
6,727
136,321
10,376
24
17,103
136,345		 Total
2024
£
42,147
117,452
159,599
7,067
3,130
7,114
176,910
161,225
15,685
176,910

TRUSTEES OF FULLER BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025

8 Grants payable

Grants to institutions:
Baptist Home Mission
BMS World Mission
Christian Aid
Christmas Appeal
BMS Birthday Scheme		 2025
£
6,085
3,419
1,141
372
-
11,017		 2024
£
3,250
2,733
-
321
763
7,067

9 Support costs

Support
costs
Governance
costs
£
£
Church office costs
2,007
-
Independent examiner's
remuneration
-
7,122
2,007
7,122
Analysed between
Charitable activities
2,007
7,122		 2025
£
2,007
7,122
9,129
9,129		 2024 Basis of allocation
£
3,130 Usage
7,114
Governance
10,244
10,244

The independent examiner's remuneration comprises £2,459 (2024: £2,293) for independent examination services and £4,663 (2024: £4,821) for accountancy, payroll and other services.

10 Trustees

None of the Trustees (or any persons connected with them) received any remuneration during the year for their services as trustees.

Eight (2024: Four) of the trustees were reimbursed a total of £1,864 (2024: £3,097) in respect of postage, telephone, lighting and other equipment, and other out-of-pocket expenses.

11 Employees

The average monthly number of employees during the year was:

2025 2024
Number Number
1 2

TRUSTEES OF FULLER BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025

11
Employees
Employment costs
Wages and salaries
Other pension costs		 (Continued)
2025
2024
£
£
22,644
41,110
498
1,037
23,142
42,147		 (Continued)
2025
2024
£
£
22,644
41,110
498
1,037
23,142
42,147
42,147

No employee received emoluments in excess of £60,000 per annum during the year (2024: none).

The Ministers act as Church trustees in accordance with the Church's constitution and they received remuneration of £Nil (2024: £Nil) and other benefits in respect of their services as Ministers, including the provision of manse accommodation owned by the Church. Manse property costs in the year totalled £Nil (2024: £13,238).

The key management personnel are the managing trustees. Total aggregate remuneration paid to key management personnel during the year was £Nil (2024: £Nil).

12 Gains and losses on investments

Endowment Endowment
funds funds
2025 2024
Gains/(losses) arising on: £ £
Revaluation of investments 9,277 3,816

13 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

TRUSTEES OF FULLER BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025

14 Tangible fixed assets

Freehold land
and buildings
£
Cost or valuation
At 1 December 2024
992,741
At 30 November 2025
992,741
Depreciation and impairment
At 1 December 2024
-
Depreciation charged in the year
-
At 30 November 2025
-
Carrying amount
At 30 November 2025
992,741
At 30 November 2024
992,741		 Fixtures,
fittings and
equipment
Audio and IT
equipment
£
£
148,055
13,376
148,055
13,376
133,890
13,143
7,872
159
141,762
13,302
6,293
74
14,165
233		 Total
£
1,154,172
1,154,172
147,033
8,031
155,064
999,108
1,007,139

All the fixed assets were used for direct charitable purposes.

All the freehold land and buildings except 4 Sapphire Close were valued as at 30 November 1996 by Barnes Noble Edwards, Chartered Surveyors, based upon current use value.

4 Sapphire Close has been included at its cost in March 1998.

For insurance purposes the freehold property has a value of approximately £10m.

15 Investment property

Investment property
2025
£
Fair value
At 1 December 2024 and 30 November 2025 10,000

Investment property comprises a freehold reversion of leased properties situated at 59/69 Gold Street Kettering.

The leases expire on 16 December 2032.

There has been no recent professional valuation of the investment property but the trustees believe that the fair value at 30 November 2025 is not significantly different to the carrying value.

TRUSTEES OF FULLER BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025

16 Fixed asset investments

Cost or valuation
At 1 December 2024
Fair value movement
At 30 November 2025
Carrying amount
At 30 November 2025
At 30 November 2024
All investments are carried at fair value.
17
Debtors
Amounts falling due within one year:
Other debtors
Prepayments and accrued income
18
Current asset investments
Lloyds fixed term deposit
Short term deposits with the Baptist Union Corporation
19
Creditors: amounts falling due within one year
Other taxation and social security
Trade creditors
Accruals and deferred income		 Listed
investments
£
65,440
9,277
74,717
74,717
65,440
2025
2024
£
£
10,388
7,292
11,724
9,258
22,112
16,550
2025
2024
£
£
545,728
545,728
213,827
202,344
759,555
748,072
2025
2024
£
£
242
216
5,033
2,302
10,934
6,960
16,209
9,478

Accruals include an amount for grants payable of £2,064 (2024: £458).

TRUSTEES OF FULLER BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025

20 Retirement benefit schemes
2025 2024
Defined contribution schemes £ £
Charge to profit or loss in respect of defined contribution schemes 498 1,037

The Church operates a defined contribution pension scheme for all qualifying employees.

The Church is a participating employer in the Baptist Pension Scheme (“the Scheme”), which is a separate legal entity which is administered by the Pension Trustee (Baptist Pension Trust Limited). The assets of the Scheme are held separately from those of the employer and other participating employers.

The Scheme, previously known as the Baptist Ministers' 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.

From January 2012, pension provision is being made through the Defined Contribution (DC) Plan within the Scheme. 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 Limited. 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 long-term incapacity. This income protection policy has been insured by the Baptist Union of Great Britain with Aviva Limited. Members of the Basic Section pay reduced contributions of 5% of pensionable income, and their employers also pay a total of 5%.

The Scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. Because it is not possible to attribute the Scheme's assets and liabilities to specific employers, the Scheme is accounted for as if the Scheme were a defined contribution scheme.

Ministers are eligible to join the Scheme.

Actuarial valuation as at 31 December 2019

A formal valuation of the DB Plan as at 31 December 2019 was carried out by a professionally 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 deficit 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 deficit.

TRUSTEES OF FULLER BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025

20 Retirement benefit schemes

(Continued)

Defined benefit schemes

Actuarial valuation as at 31 December 2019 (continued)

The key financial assumptions underlying the valuations were as follows:

Type of assumption % p.a.
RPI price inflation assumption 3.20
CPI price inflation assumption 2.70
Minimum Pensionable Income Increase Adjustment (above CPI) 0.50
Pre retirement assumed investment returns (gilt yield plus 1.75% pa) 2.95
Post retirement assumed investment returns (including
benefits matched by the insurance policy)(gilt yield plus 0.5% pa) 1.70
Minimum Pensionable Income increases (CPI plus 0.5%) 3.20
Deferred pension increases (based on RPI
Pre April 2009 3.20
Post April 2009 2.50
Pension increases
Based on CPI with an annual floor of 0% and annual cap of 5% 2.70

Mortality is assumed in accordance with 80% of the S3NA standard mortality table.

Future improvements are projected from 2013 in line with the 'CMI 2019' projection with a long-term rate of 1.75% p. a. for males and 1.5% p.a. for females with the core smoothing parameter and with additional initial mortality improvement factor A=0.5%.

The next actuarial valuation of the DB Plan within the Scheme will commence in 2023 to reflect the position as at 31 December 2022.

Recovery Plan

In addition to the contributions to the DC Plan set out above, where a valuation of the DB Plan reveals a deficit, the Trustee and the Council agree to a rate of deficiency contributions from churches and other employers involved in the DB Plan.

Following the 2019 valuation a Recovery Plan was signed in September 2020 under which deficiency contributions are payable until June 2026. These contributions were broadly based on each employer's membership at 31 December 2014 and increase annually in line with increases to Minimum Pensionable Income as defined in the Rules.

On 30th June 2022 the Baptist Pension Scheme signed an agreement with the insurance company Just Group ("Just") to secure DB Plan members' pension benefits. Just are now providing financial backing for all pensions provided through the Scheme's DB Plan and following this transaction, the Scheme no longer has a shortfall. 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 final contribution due under the Recovery Plan was paid in November 2024.

TRUSTEES OF FULLER BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025

21 Endowment funds

Endowment funds represent assets which must be held permanently by the Church. Income arising on the endowment funds can be used in accordance with the objects of the Church and is included as unrestricted income. Any capital gains or losses arising on the assets form part of the fund.

Balance at
1 December
2023
r
£
Permanent endowments
Benevolent Fund
4,626
Bethany Home
Fund
6,815
General Fund
122,041
Major Repairs
Fund
3,440
Sunday School
Fund
2,448
Other
endowment funds
2,318
141,688		 Movement in funds
Incoming
esources
Resources
expended
Transfers
Gains and
losses
Balance at
1 December
2024
r
£
£
£
£
£
-
-
-
-
4,626
-
-
-
-
6,815
-
-
-
3,816
125,857
-
-
-
-
3,440
-
-
-
-
2,448
-
-
-
-
2,318
-
-
-
3,816
145,504		 Movement in funds
Incoming
esources
Resources
expended
Transfers
Gains and
losses
Balance at
30 November
2025
£
£
£
£
£
-
-
-
-
4,626
-
-
-
-
6,815
-
-
-
9,277
135,134
-
-
-
-
3,440
-
-
-
-
2,448
-
-
-
-
2,318
-
-
-
9,277
154,781		 Movement in funds
Incoming
esources
Resources
expended
Transfers
Gains and
losses
Balance at
30 November
2025
£
£
£
£
£
-
-
-
-
4,626
-
-
-
-
6,815
-
-
-
9,277
135,134
-
-
-
-
3,440
-
-
-
-
2,448
-
-
-
-
2,318
-
-
-
9,277
154,781
154,781

Other endowment funds totalling £2,318 at 30 November 2025 (2024: £2,318) comprise Choir £179, Communion £224, Hymn and Bible £68, Institute £224, Ladies Guild £1,589 and Mens Fellowship £34.

TRUSTEES OF FULLER BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025

22 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement in funds Movement in funds Movement in funds Movement in funds
Balance at Incoming Resources Transfers Balance at Incoming Resources Transfers Balance at
1 December resources expended 1 December resources expended 30 November
2023 2024 2025
£ £ £ £ £ £ £ £ £
Banso Baptist Hospital Chaplaincy 3 - - - 3 - - - 3
Baptist Home Mission 668 3,302 (3,249) (721) - 4,410 (6,085) 1,675 -
BMS World Mission (985) 2,998 (2,734) 721 - 2,215 (3,418) 1,203 -
Benevolent Fund 3,155 49 - - 3,204 50 - - 3,254
Chapel Redevelopment Fund 41,748 653 - - 42,401 659 - - 43,060
Music Fund (formerly Choir Fund) 1,510 24 (1,319) - 215 - (215) - -
Christian Aid - 822 - - 822 1,196 (1,141) - 877
Youth Events 1,144 413 (566) - 991 15 (51) - 955
Communion Fund 449 7 - - 456 7 - - 463
Christmas Appeal - 322 (322) - - 373 (373) - -
Ladies Guild Fund 1,054 369 (1,423) - - - - - -
Miss Jessie White Legacy 56 - (24) - 32 - - - 32
December Disaster Appeals - - - - - 375 - (375) -
BMS birthday scheme 162 601 (763) - - 530 - (530) -
Other restricted funds 170 - - - 170 390 - (164) 396
Youth Ministry 30,834 482 (5,285) - 26,031 405 - - 26,436
79,968 10,042 (15,685) - 74,325 10,625 (11,283) 1,809 75,476

TRUSTEES OF FULLER BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025

22 Restricted funds

(Continued)

The main restricted funds are as follows:

Other restricted fund balances totalling £396 at 30 November 2025 (2024: £170) comprise Mens Fellowship funds and Harvest Appeal funds.

TRUSTEES OF FULLER BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025

23 Designated funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

Balance at
1 December
2023
r
£
Major Repairs Fund
39,904
Ministerial Students' Training Fund
1,898
Noah's Ark Funds
322
Model Railway Fund
206
Youth Club
255
Other designated funds
237,127
279,712		 Movement in funds
Incoming
esources
Resources
expended
£
£
-
-
30
-
1,178
(563)
-
-
102
(103)
279,983
(50,827)
281,293
(51,493)		 Transfers
Balance at
1 December
2024
r
£
£
(39,904)
-
-
1,928
-
937
-
206
-
254
237,253
703,536
197,349
706,861		 Movement in funds
Incoming
esources
Resources
expended
£
£
-
-
30
-
1,122
(634)
-
(206)
-
-
24,985
(11,844)
26,137
(12,684)		 Transfers
Balance at
30 November
2025
£
£
-
-
-
1,958
(1,000)
425
-
-
(254)
-
35,407
752,084
34,153
754,467		 Transfers
Balance at
30 November
2025
£
£
-
-
-
1,958
(1,000)
425
-
-
(254)
-
35,407
752,084
34,153
754,467
754,467

TRUSTEES OF FULLER BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025

23 Designated funds

(Continued)

Full details of movements on the 'Other designated funds' are provided in Note 24 to the financial statements.

The main designated funds are as follows:

TRUSTEES OF FULLER BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025

24 Other designated funds

The 'Other designated funds' in Note 23 include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

Balance at
1 December
2023
r
£
AV System
18,426
Renewal of IT & Office
Equipment
107
Annual maintenance
106,014
Emergency repairs
8,834
Chapel project
45,217
Major Manse repairs &
refurbishment
14,917
Newland Street
7,993
Youth Ministry
30,518
Heritage
5,101
Property maintenance and
upkeep
-
Provision of ministry
-
237,127		 Movement in funds
Incoming
esources
Resources
expended
Transfers
Gains and
losses
Balance at
1 December
2024
r
£
£
£
£
£
288
-
-
-
18,714
-
-
-
-
107
-
-
(106,014)
-
-
-
-
(8,834)
-
-
707
(8,154)
-
-
37,770
234
(12,695)
-
-
2,456
125
(18)
-
-
8,100
478
(5,285)
-
-
25,711
80
-
-
-
5,181
5,421
(24,675)
324,751
-
305,497
272,650
-
27,350
-
300,000
279,983
(50,827)
237,253
-
703,536		 Movement in funds
Incoming
esources
Resources
expended
Transfers
Gains and
losses
Balance at
30 November
2025
£
£
£
£
£
291
-
-
-
19,005
-
(260)
153
-
-
-
-
-
-
-
-
-
-
-
-
587
-
-
-
38,357
38
-
-
-
2,494
126
-
-
-
8,226
399
-
254
-
26,364
81
-
-
-
5,262
18,801
(11,584)
-
-
312,714
4,662
-
35,000
-
339,662
24,985
(11,844)
35,407
-
752,084		 Movement in funds
Incoming
esources
Resources
expended
Transfers
Gains and
losses
Balance at
30 November
2025
£
£
£
£
£
291
-
-
-
19,005
-
(260)
153
-
-
-
-
-
-
-
-
-
-
-
-
587
-
-
-
38,357
38
-
-
-
2,494
126
-
-
-
8,226
399
-
254
-
26,364
81
-
-
-
5,262
18,801
(11,584)
-
-
312,714
4,662
-
35,000
-
339,662
24,985
(11,844)
35,407
-
752,084
752,084

TRUSTEES OF FULLER BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025

25
Analysis of net assets between funds
Unrestricted
funds
Restricted
funds
Endowment
funds
2025
2025
2025
£
£
£
Fund balances at 30 November 2025 are
represented by:
Tangible assets
931,313
-
67,795
Investment properties
10,000
-
-
Investments
-
-
74,717
Current assets/(liabilities)
838,923
75,476
12,269
1,780,236
75,476
154,781		 Total
Unrestricted
funds
2025
2024
£
£
999,108
939,344
10,000
10,000
74,717
-
926,668
791,237
2,010,493
1,740,581		 Restricted
funds
Endowment
funds
2024
2024
£
£
-
67,795
-
-
-
65,440
74,325
12,269
74,325
145,504		 Total
2024
£
1,007,139
10,000
65,440
877,831
1,960,410

TRUSTEES OF FULLER BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025

26 Related party transactions

Transactions with related parties

During the year the Church entered into the following transactions with related parties:

One of the custodian trustees of the Church is the Baptist Union Corporation Limited which is charity number 249635, and which is controlled by the Baptist Union Council. The Church is also a member of the Baptist Union of Great Britain and the Central Baptist Association.

During the year the Church made donations of £6,085 (2024: £3,250) to the Baptist Home Mission fund.

The Church's investments include short term deposits, totalling £213,827 (2024: £202,344), invested with the Baptist Union Corporation Limited on normal commercial terms.

The trustees make regular donations to the Church by contributing to collections. The aggregate donations of this type cannot be measured with certainty due to their nature.