**REGISTERED CHARITY NUMBER: 1140734**
## **Speen Baptist Church**
**Report of the Trustees and**
**Unaudited Financial Statements for the Year Ended 31st December 2025**
Tobutt & Co 132 Northampton Lane North Moulton Northampton NN3 7QW
## **Speen Baptist Church**
## **Contents of the Financial Statements for the Year Ended 31st December 2025**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|3|
|**Independent Examiner's Report**||4||
|**Statement of Financial Activities**||5||
|**Balance Sheet**||6||
|**Notes to the Financial Statements**|7|to|13|
|**Detailed Statement of Financial Activities**|14|to|15|
**Report of the Trustees for the Year Ended 31st December 2025**
## **Speen Baptist Church**
The trustees present their report with the financial statements of the charity for the year ended 31st December 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. The objects are set out in the governing document mentioned below. In summary they are:
- to provide a place of worship and
- to give financial assistance to those in need.
The managing trustees have the authority to make decisions concerning financial donations up to £500. Anything above that amount must be ratified by the members.
## **ACHIEVEMENTS AND PERFORMANCE**
## **Charitable activities**
We continue to offer weekly worship services, prayer meetings, home groups, home visits and other aspects of a Christian community throughout the year. The church membership and visitors continue to meet regularly on Sundays and throughout the week. We have seen some new faces arrive, two baptisms, some old friends move on, and we worship God throughout.
Tiddlers and Toddlers goes from strength to strength with growing numbers of mums, dads, grandparents and carers enjoying this weekly activity as much as the children. The Memory Café, for those affected directly or indirectly by dementia, has grown in popularity and benefit to the local community in this complex area of life. Many ad hoc events were also hosted across the year, including visits by the local school, various hospitality events for all ages, and special worship services to mark significant dates in the Church calendar.
2025 saw Speen Church resurface a section of the car park and footpaths to aid accessibility for all. This was funded by donations from church attendees and generous grants from local and national organizations (Bucks Community Association, Central Baptist Association, Garfield Weston Foundation, Lacey Green Parish Council and Shanley Foundation) for which we are grateful. The safety and attractiveness of the church grounds were also enhanced by a substantial amount of tree surgery, mainly removing trees suffering from Ash Dieback. Approximately £40,000 was spent on these two projects to keep the church environment in good condition for the future.
In less structured ways the church fellowship continued to serve the local community, especially given cost-of-living pressures, the ongoing war in Ukraine and global instability. We continue to welcome Ukrainian refugees into the fellowship, as well as building relationships with other local people including refugees from other nations, those struggling to make ends meet and dealing with the health and relationship challenges of daily life. We also sustained our support for overseas mission charities in India and Ethiopia, relieving poverty and sharing the love of Jesus with many at home and overseas.
Financially we retain reasonable reserves at the year end and at the time of signing off these accounts.
We thank God for all of these things. Praise God for a blessed year, with much to look forward to.
Page 1
**Report of the Trustees for the Year Ended 31st December 2025**
## **Speen Baptist Church**
## **FINANCIAL REVIEW**
## **Financial Review**
The church received income for unrestricted use of £63,255 from various sources, with the largest share being regular donations from church attendees. We received £13,225 of donations and £19,750 of grants as restricted funds used on the car park resurfacing project. Finally, a total of £9,805 in interest was received, most of which is attributable to the Ethiopia restricted fund.
Unrestricted expenditure totalled £68,963 leaving a £5,708 deficit within the church funds for the year. Note that the unrestricted expenditure included the one-off costs of tree surgery and hedge planting of around £7,000. Normal monthly income now roughly matches our normal monthly expenses excluding this one-off item, hence giving comfort that the church can meet all financial obligations as they fall due in the future.
Expenditure included donations from the Ethiopia restricted funds of £5,682 sent to Ethiopia to support a rural church building project and some pastoral work by Ethiopian nationals. The building work has been completed despite ongoing political instability and we give thanks to God for this and for the courage of the people living and working in that unsettled region.
The policy on reserves is to aim to maintain at least 3 months of average normal expenses in net current assets. This objective was met throughout the year.
The public benefit objectives have been supported by the expenditure on serving the local community, making grants to Ethiopia and other charities, maintaining the church facilities and other general expenditure of the church. All of this supports our objectives of sharing the gospel of Jesus and putting it into practice amongst the local community, and further afield for the benefit of those in poverty and need.
## **FUTURE PLANS**
The objective remains to continue providing the public benefits as set out in the summary of activities and financial review above.
The Chapel and Church Hall are in excellent condition and offer good facilities to the church and local community. Hospitality events, the Tiddlers and Toddlers group, Memory Café and our routine church activities will continue for the foreseeable future.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
Speen Church is an unincorporated charity governed by a constitution based on the Baptist Union guidance and adopted by the members. The existing members appoint managing trustees (see below) following the provisions set out in the above governing constitution. Significant decisions concerning Speen Church are debated by the managing trustees who then make a proposal to the membership, which is decided by a vote.
## **Public benefit**
The church acknowledges its requirement to demonstrate clearly that it must have charitable purposes that are for the public benefit. The activities set out above illustrate the public benefit provided this year.
## **Trustees (Deacons)**
Baptist Union Corporation Limited is the custodian trustee for the properties. The trustees listed below are managing trustees.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1140734
Page 2
## **Speen Baptist Church**
## **Report of the Trustees for the Year Ended 31st December 2025**
**Principal address** Chapel Hill Speen Princes Risborough Buckinghamshire HP27 0SP
**Trustees** Ms J E Hearn (resigned 27.3.25) S J C Booth J P H Entwisle Ms A L Wright Revd T R Deller Ms L J Pearce (appointed 27.3.25) Ms S Leach (appointed 27.3.25) **Independent Examiner** I A Tobutt FCCA Tobutt & Co 132 Northampton Lane North Moulton Northampton NN3 7QW Approved by order of the board of trustees on ............................................. and signed on its behalf by:
................................................................. J P H Entwisle - Trustee
Page 3
**Independent Examiner's Report to the Trustees of Speen Baptist Church**
## **Independent examiner's report to the trustees of Speen Baptist Church**
I report to the charity trustees on my examination of the accounts of Speen Baptist Church (the Trust) for the year ended 31st December 2025.
## **Responsibilities and basis of report**
As the charity 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 Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust 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.
I A Tobutt FCCA
Tobutt & Co 132 Northampton Lane North Moulton Northampton NN3 7QW Date: .............................................
Page 4
## **Speen Baptist Church**
## **Statement of Financial Activities for the Year Ended 31st December 2025**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**Charitable activities**
Grant income
Cost of charitable activities
Other trading activities
3
Investment income
4
**Total**
**EXPENDITURE ON**
Raising funds
5
**Charitable activities**
6
Cost of charitable activities
**Total**
**NET INCOME/(EXPENDITURE)**
**Transfers between funds**
13
**Other recognised gains/(losses)**
Gains on revaluation of fixed assets
**Net movement in funds**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
fund
£
60,449
-
-
2,504
302
63,255
10,037
58,926
68,963
(5,708)
(2,210)
24,845
16,927
723,176
740,103|Restricted
funds
£
13,225
-
19,750
-
9,503
42,478
35,185
5,682
40,867
1,611
2,210
49,496
53,317
1,957,913
2,011,230|2025
Total
funds
£
73,674
-
19,750
2,504
9,805
105,733
45,222
64,608
109,830
(4,097)
-
74,341
70,244
2,681,089
2,751,333|2024
Total
funds
£
249,730
850
-
2,795
891|
|---|---|---|---|---|
|||||254,266|
|||||3,916
65,143|
|||||69,059|
|||||185,207
-
190,769|
|||||375,976
2,305,113|
|||||2,681,089|
The notes form part of these financial statements
Page 5
## **Speen Baptist Church**
## **Balance Sheet 31st December 2025**
|Notes
**FIXED ASSETS**
Tangible assets
11
**CURRENT ASSETS**
Debtors
12
Cash at bank
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
13
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Unrestricted
fund
£
711,639
10,693
17,771
28,464
28,464
740,103
740,103|Restricted
funds
£
1,818,187
-
193,043
193,043
193,043
2,011,230
2,011,230|2025
Total
funds
£
2,529,826
10,693
210,814
221,507
221,507
2,751,333
2,751,333
740,103
2,011,230
2,751,333|2024
Total
funds
£
2,455,485
11,194
214,410|
|---|---|---|---|---|
|||||225,604|
|||||225,604|
|||||2,681,089|
|||||2,681,089|
|||||723,176
1,957,913|
|||||2,681,089|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. J P H Entwisle - Trustee
The notes form part of these financial statements
Page 6
**Speen Baptist Church Notes to the Financial Statements for the Year Ended 31st December 2025**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets.
The financial statements have been prepared on a going concern basis. The trustees have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. Based on these assessments, given the measures that could be undertaken to mitigate the current adverse conditions, and the current resources available, the trustees have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **Tangible fixed assets**
Tangible fixed assets are recognised at cost initially but annually revalued to their insured amount as this is deemed the most appropriate basis for valuing the assets.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Pension costs and other post-retirement benefits**
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 7
continued...
## **Speen Baptist Church**
## **Notes to the Financial Statements - continued for the Year Ended 31st December 2025**
|**2.**
**DONATIONS AND LEGACIES**
Donations
Gift aid
Legacies
Hall hire
**3.**
**OTHER TRADING ACTIVITIES**
Social events
Burial fees
**4.**
**INVESTMENT INCOME**
Interest
**5.**
**RAISING FUNDS**
**Investment management costs**
Property repairs
Maintenance charges
Car park and path resurfacing
**6.**
**CHARITABLE ACTIVITIES COSTS**
Grant
Direct
funding of
Costs
activities
£
£
Cost of charitable activities
61,773
2,093||
|---|---|
|||
Page 8
continued...
## **Speen Baptist Church**
## **Notes to the Financial Statements - continued for the Year Ended 31st December 2025**
## **7. SUPPORT COSTS**
|**SUPPORT COSTS**||||
|---|---|---|---|
|||Governance||
||Finance|costs|Totals|
||£|£|£|
|Cost of charitable activities|142|600|742|
## **8. TRUSTEES' REMUNERATION AND BENEFITS**
During the year, Rev T Deller received remuneration of £30,000 (2024 - £29,000).
## **Trustees' expenses**
During the year, members of the board of trustees - Ms J Pearce and Mr J Entwisle received reimbursement of £570.32 (2024 - £261.28) and £Nil (2024 - £4,255.16) respectively.
## **9. STAFF COSTS**
|Wages and salaries
Other pension costs|2025
£
30,000
3,774
33,774|2024
£
29,000
3,689|
|---|---|---|
|||32,689|
The average monthly number of employees during the year was as follows:
|Ministry team
No employees received emoluments in excess of £60,000.
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
68,858
**Charitable activities**
Grant income
850
Other trading activities
2,795
Investment income
12
**Total**
72,515
**EXPENDITURE ON**
Raising funds
3,662
**Charitable activities**
Cost of charitable activities
63,643
**Total**
67,305||2025
1
Restricted
funds
£
180,872
-
-
879
181,751
254
1,500
1,754||2024
1
Total
funds
£
249,730
850
2,795
891|
|---|---|---|---|---|
|||||254,266|
|||||3,916
65,143|
|||||69,059|
## **10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Page 9
continued...
## **Speen Baptist Church**
## **Notes to the Financial Statements - continued for the Year Ended 31st December 2025**
|**10.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
Unrestricted
Restricted
fund
funds
£
£
**NET INCOME**
5,210
179,997
**Transfers between funds**
46,053
(46,053)
**Other recognised gains/(losses)**
Gains on revaluation of fixed assets
139,250
51,519
**Net movement in funds**
190,513
185,463
**RECONCILIATION OF FUNDS**
Total funds brought forward
532,663
1,772,450
**TOTAL FUNDS CARRIED FORWARD**
723,176
1,957,913
**11.**
**TANGIBLE FIXED ASSETS**
Fixtures
Freehold
Church
and
property
Manse
fittings
£
£
£
**COST OR VALUATION**
At 1st January 2025
1,768,691
623,874
62,920
Revaluations
49,496
23,084
1,761
At 31st December 2025
1,818,187
646,958
64,681
**NET BOOK VALUE**
At 31st December 2025
1,818,187
646,958
64,681
At 31st December 2024
1,768,691
623,874
62,920
Cost or valuation at 31st December 2025 is represented by:
Fixtures
Freehold
Church
and
property
Manse
fittings
£
£
£
Valuation in 2020
33,503
12,894
-
Valuation in 2021
149,538
32,420
8,077
Valuation in 2022
153,701
76,963
5,468
Valuation in 2023
41,869
12,790
1,489
Valuation in 2024
51,519
137,417
1,833
Valuation in 2025
49,496
23,084
1,761
Cost
1,338,561
351,390
46,053
1,818,187
646,958
64,681||Total
funds
£|
|---|---|---|
|||185,207
-
190,769|
|||375,976
2,305,113|
|||2,681,089|
|||Totals
£
2,455,485
74,341
2,529,826
2,529,826
2,455,485
Totals
£
46,397
190,035
236,132
56,148
190,769
74,341
1,736,004
2,529,826|
||||
||||
||||
||||
||||
Page 10
continued...
**Notes to the Financial Statements - continued for the Year Ended 31st December 2025**
## **Speen Baptist Church**
## **12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Other debtors
**13.**
**MOVEMENT IN FUNDS**
At 1.1.25
£
**Unrestricted funds**
General fund
723,176
**Restricted funds**
Baptist Union Corporation
1,768,691
Ethiopia
189,222
Car park and path resurfacing
-
1,957,913
**TOTAL FUNDS**
2,681,089
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
63,255
**Restricted funds**
Baptist Union Corporation
-
Ethiopia
9,503
Car park and path resurfacing
32,975
42,478
**TOTAL FUNDS**
105,733||Net
movement
in funds
£
19,137
49,496
3,821
(2,210)
51,107
70,244
Resources
expended
£
(68,963)
-
(5,682)
(35,185)
(40,867)
(109,830)||2025
£
10,693
Transfers
between
funds
£
(2,210)
-
-
2,210
2,210
-
Gains and
losses
£
24,845
49,496
-
-
49,496
74,341|2024
£
11,194
At
31.12.25
£
740,103
1,818,187
193,043
-
2,011,230
2,751,333
Movement
in funds
£
19,137
49,496
3,821
(2,210)
51,107
70,244|
|---|---|---|---|---|---|
|||||||
|||||||
|||||||
Page 11
continued...
**Notes to the Financial Statements - continued for the Year Ended 31st December 2025**
## **Speen Baptist Church**
## **13. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
**Restricted funds**
Baptist Union Corporation
Ethiopia
**TOTAL FUNDS**|At 1.1.24
£
532,663
1,763,225
9,225
1,772,450
2,305,113|Net
movement
in funds
£
144,460
51,519
179,997
231,516
375,976|Transfers
between
funds
£
46,053
(46,053)
-
(46,053)
-|At
31.12.24
£
723,176
1,768,691
189,222|
|---|---|---|---|---|
|||||1,957,913|
|||||2,681,089|
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Restoration Fund
Baptist Union Corporation
Ethiopia
**TOTAL FUNDS**|Incoming
resources
£
72,515
254
-
181,497
181,751
254,266|Resources
expended
£
(67,305)
(254)
-
(1,500)
(1,754)
(69,059)|Gains and
Movement
losses
in funds
£
£
139,250
144,460
-
-
51,519
51,519
-
179,997
51,519
231,516
190,769
375,976|Gains and
Movement
losses
in funds
£
£
139,250
144,460
-
-
51,519
51,519
-
179,997
51,519
231,516
190,769
375,976|
|---|---|---|---|---|
|||||231,516|
|||||375,976|
## **14. EMPLOYEE BENEFIT OBLIGATIONS**
The charity operates a defined contribution pension scheme. Contributions payable by the charity amounted to £3,774 (2024 - £3,689).
Page 12
continued...
**Speen Baptist Church**
**Notes to the Financial Statements - continued for the Year Ended 31st December 2025**
## **15. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31st December 2025.
Page 13
## **Speen Baptist Church**
## **Detailed Statement of Financial Activities for the Year Ended 31st December 2025**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Gift aid
Legacies
Hall hire
**Other trading activities**
Social events
Burial fees
**Investment income**
Interest
**Charitable activities**
Grants
**Total incoming resources**
**EXPENDITURE**
**Investment management costs**
Property repairs
Maintenance charges
Car park and path resurfacing
**Charitable activities**
Wages
Pensions
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Sundries
Other costs
Ethiopia donations
Grants to individuals|2025
£
62,447
10,773
-
454
73,674
2,124
380
2,504
9,805
19,750
105,733
9,722
315
35,185
45,222
30,000
3,774
4,049
2,768
4,506
1,209
1,129
-
8,656
5,682
2,093
63,866|2024
£
56,933
11,194
180,618
985|
|---|---|---|
|||249,730
2,695
100|
|||2,795
891
850|
|||254,266
1,857
2,059
-|
|||3,916
29,000
3,689
2,951
2,789
4,799
1,216
908
424
16,585
500
1,500|
|||64,361|
This page does not form part of the statutory financial statements
Page 14
## **Speen Baptist Church**
## **Detailed Statement of Financial Activities for the Year Ended 31st December 2025**
|**Support costs**
**Finance**
Bank charges
**Governance costs**
Accountancy and legal fees
Total resources expended
**Net (expenditure)/income**|2025
£
142
600
109,830
(4,097)|2024
£
222
560|
|---|---|---|
|||69,059|
|||185,207|
This page does not form part of the statutory financial statements
Page 15