REGISTERED CHARITY NUMBER: 1145817 Re ort of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2025 for Central Church Swindon LEP Monahans Chartered Accountants Hemies House Fire Fly Avenue Swindon Willshire SN2 2GA
Central Church Swindon LEP Contents of the Financial Staternents for the Year Ended 31 December 2025 Page Report of the Trustees Independent Examiner's Report Statement of Flnanclal Actlvltles Balance Sh8at 10 Notes to the Flnanclal Statements 11 to 21
Central Church Swindon LEP Re ort of the Trustees for the Ygar Ended 31 D8¢ember 2025 The Iruslees present their report with the financial slalements of the charity for the year ended 31 December 2025. The Iruslees have adopted the provisions of Accounting and Reporting by Charities.. statement of Recommended Practi applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191. OBJECTIVES AND ACTIVITIES The purpose of the charity is lo advance the Christian faith in the Area of Benefit in accordance with the principles and practices of the participating churches. In achieving its purpose, the charity will engage in a range of activities, either on ils own or with others, including (but not reslricled lol.. al The celebration of public worship., bl The leaching of the Christian faith., c) Mission and evangelism, pastoral work (including visiting the sick and bereaved), the provision of facilities with a Christian ethos for the local community including the elderly, the young and other groups with special needs dl The support of other charities in the UK and overseas. The Ituslees have paid due regard lo the Charity Cornmission's guidance on public benefit in deciding what activities the charity should undertake. The Iruslees consider that they have acted in the public benefit. ACHIEVEMENTS AND PERFORMANCE We have a weekly Sunday worship service commencing al 10.30 a.m. Holy Communion is included during the service twice a month, usually when our own minister is presiding. Prayers for healing and wholeness are offered by the minister, on request al the end of each service. We are extremely grateful to everyone who participates in church lrfe whether contributing to Sunday worship or enabling weekday activities. Due to low numbers, there is no longer a Junior Family Church IJFCI for children and young people but, if any children do attend, colouring malerialsltoys can be made available. We will reconsider reinstating JFC should children start attending again. We are aware that many children are involved in other activities on Sunday mornings and if we had the right people to run them, we would consider holding meetings for young people and children during the week. We also hold extra special servi$ during the major Christian festivals, for example, Maundy Thursday, Good Friday, Easter and Christmas. The minister takes Holy Communion to the housebound when requested. A monthly newsletter is distributed at church, via email and by post. This carries news of the church family, notification of events, and items of general interest. This is available to everyone, and copies are taken to the housebound. Ms Bethany Brooke plays the organ and piano for worship on most Sundays. Fortunately, our minister is able lo play the organ, so if our organist is not available on the weeks he is preaching, Revd Jonathan Edwards is able to provide the music. Page 1
Central Church Swindon LEP Re ort of the Trustees for the Ygar Ended 31 D8¢ember 2025 Our membership at 31 December 2025 stood at 49. We also have a number of adherents who are faithful atiendees but are not full members. Our average weekly attendance is 34 adults. We are in contact with a number of families although the children and teenagers have largely ceased lo allend. There are a number of reasons for this, notably other activities lake place on Sunday moming. 11 w8s good to hold some of our special services in 2025 such as our Church Anniversary, Easter and Carols by Candlelight. The church is beautifully decorated with flowers by of our members each Sunday and there are extra decorations for special services such as Harvest and Christmas when they have extra help. We continue to collect and deliver food and other items for the Swindon F(x)d Collective IFo(xJbank) throughout the year. Our financial giving al Harvest went lo the URC Commitment for Life to support agricultural projects in Zimbabwe,. our food products were divided between Big Breakfast Plus and Alternative Angels. Our Transitional minister, Revd Jonathan Edwards. continued meeting individuals in the congregation lo give pastoral support and to find out what they fell about the future of the church. He also continued meeting with other clergy in the town, and also with charities who we might be able lo work with in order to fulfil our charitable objectives more fully. The most effective ecumenical body in the town at present is Good News for Swndon and Jonathan has regularfy attended ils meetings throughout the year. The Chair of our Trustees and our Church Secretary have also attended a few events given by Good News for Swindon. Church Decoration= The first Sunday in Advent (Advent Sunday) always sees our church decorated for the coming festive season. The Advent Wreath is on display at the front of the church in readiness for the four Advent Candles lo be lil, week by week, in sequence. At the beginning of the Christmas morning service the central white candle, the Christ Candle, is lil. We also have a Christmas tree and nativity scene at the front of the church. Carol Senilce.. We hold our candlelight service of lessons and carols, on the Sunday before Christmas. This service is always followed by a 'bring and share. meal. As usual, it was well supported and much appreciated and was a great opportunity lo socialise. Christmas Presents for the housebound and members who have been bereaved during the past year.. Central Church always purchases a present for those membersladherents of our congregation who are housebound and are no longer able lo get lo church as they once did. We also purchase a gift for anyone who has been bereaved during the current year. Christmas Morning Servico.. This is always a lovely family service when ehildren and adLJlts alike welcome the Christ Child in the manger into our world. The children are invited to bring along one or two of Santa's presents. Our Christmas Gift Appeal.. This year we ¢ollected boxes of chocolates for the Harbour Project who help refugees and asylum seekers. The Christmas Day offering was given lo Christian Aid. Church FacSlltles.' The church facilities are also used by two other worshipping communities. These are New Life Christian Ministry, led by Pastor Jenice Miller", and Lagohina Brazilian Baptist Church, led by Yuri Politani. Both make good use of the premises including the Baptistery for baptism by full immersion. Big Breakfast Plus, who provide cooked meals for those sleeping rough and those in food poverty, continue lo use our café. They are open from 7-9 a.m. seven days a week and serve approximately 80-100 meals per day. Alternative Angels, who also provide meals for the homeless and those in need, operate from our cafe on a Monday and Tuesday evening, between 6-8 p.m. lo distribute meals. They also serve between 80-100 people. Safeguardlng.. This is taken very seriously. All relevant people involved with children or vulnerable adults hold a Disclosure and Barring Service IDBSI check and have undertaken appropriate training. Bible Study Groups.. There are two Bible study groups who meet fortnighlly, one in the evening and one in the aftemoon. They are both led by Revd Jonathan Edwards. Prayer Fellowship.. This has now been incorporated into the Bible Study Groups. However, members also keep each olher informed of prayer requests and so individual prayer al home continues. Page 2
Central Church Swindon LEP Re ort of the Trustees for the Ygar Ended 31 D8¢ember 2025 Church In the Wider World.. We try to keep in touch with the denominational mission organisations. Newsletters and information are shad as much as possible. At present we are not linked with a Baptist missionary bul have requested one from BMS. We receive news from a BMS missionary, Lucia Bastos, who worshipped with us for 3 months whilst on furfough in this country. She is now working in Chad. Stories for Change, the newsletter for Commitment for Life, is circulated to interested members and friends. Central Church also supports the work of Amnesty International. The congregation participated in the 'Wrile for Rights. campaign. Fundraising We raised £433.20 for Christian Aid over Christmas. We also collected money for Water Aid, Julia's House Hospice and Mission Aviation Fellowship. We also held an emergency collection for victims of the hurricane in Jamaica. Benevolent Fund.. The minister is empowered lo make donations to any of our number who are in special need. THE PILGRIM CENTRE Key works from 2025. Major leak from healing system in March. ChLJrch members helped wth immediate aftermath of clearing water and cleaning up. Repairs to healing done a week later and contractors did remedial work and redecoffiting later in the year. Central church paid for the healing system repairs and other decorating and remedial work were claimed on insurance. New rear doors fitted in the cafe. Ordered and taken delivery of new notice tx)ard. Update weather has improved. planning for installation in spring 2026 once Review of existing lelecomslbroadband provision look place in 2025 which included gaining access to the relevant online logins. No indication that a fibre connection with be available soon, so moving lo a 5g connection in 2026. This will replace exists'ng landline and broadband Icurrenl landline number will be moved lo new connection). Notwficalions of planning permission for change of use to No. 1 Temple Chambers, which adjoins our building, received in May. Al the same lime leaks started in roof above Gallery fire escape, but Central Church does not own this section of roof and is dependanl on the owners lo do any repairs. During the rest of 2025 there was ongoing damage to the ceiling of the fire escape. Cleaning and 'mopping up, took pla lo keep fire escape useable. Update- JanlFeb 2026 ownership of No.1 was transferred. Works taking pla in Feb 2026. Replacement of all fire alarm and smoke alarms, along with other system upgrades took place in April 2025. Five-yearly testing of ele¢tri¢al system took pla in November 2025, some areas where work needed were identified. Update - Subsequent remedial work lo bring system up to dale and make some minor repairs were done in Feb 2026. Following a risk management survey by Baptist Insurance, various works look pla, including- Clearing plant room of all combustible materials and a drains survey. Roof repair works that look place in 2024 seem lo have dealt with the heavy rain in the winter of 2025126 very well. A new guttering down pipe was fitted outside Coventry Building Society late 2025. Page 3
Central Church Swindon LEP Re ort of the Trustees for the Ygar Ended 31 D8¢ember 2025 Bookings.. Regular bookings ongoing in 2025. Building being used every morning, and five evenings a week. Three churches (including Central of course) continue to use the building. English classes two or three times a week. Other groups on a bi-monthly and monthly basis. Also many one-off bookings, e.g. Christmas celebr81ions for Afghan and Ukrainian groups. Cleaners.. Big Breakfast Plus are responsible for keeping the café clean, this is done by clai Collier. Mrs Jane Corcoran continues lo clean the rest of the building. CHURCH IN THE COMMUNITY Community Café.. Our community café continued lo be very popular. It is staffed by volunteers from the church and offers free hol drinks and cake to anyone who allends. It is open from 10 a.m. 1 p.m. each Monday, closed on Bank Holidays. The cakes are donated by members of the congregation and although free, visitors can make a financial donation if they wish. An average of 25 people attend and they represent a cross-section of the community including vulnerable people who need a safe, warm place lo sil where they will be made welcome. At Easter we sang some hymns in the café and this was much appreciated. Consequently, carol singing was requested there on the Monday before Christmas when we also held a small buffet for customers and presented them all with a gift. Both were joyful occasions. Lent Lunches.. These are weekly simple meals comprising of soup, cheese and biscuits, organised in rotation by Churches Together in Swindon Centre ICTISCI lo raise money for Christian Aid and CAFOD (Catholic Agency for Overseas Developmenll. Central Church was responsible for providing the first lunch. Friends of Swindon Commercial Chaplaincy {SCCI'. Swindon Commercial Chaplaincy still use the Pilgrim Centre as their registered office. FINANCIAL REVIEW At 31 December 2025, total funds were £1,416,503. Restricted funds were £947,572 and endowment funds were £312,338. Unreslricled reserves were £156,593. Free reserves, after making allowance for tangible fixed assets, were £151,842. The Iruslees. reserve policy is to maintain free reserves al a level which equates to approximately six months costs in order lo cover unplanned situations that may occur from time lo lime. This is in line wlh good practice and follows the recommendations of the Charity Commission. Based on the present level of costs, the required reserves are £65,000. Reserves held are above the required level. Room hire bookings continued to hold up well. Some customers, such as the NHS Blood and Transplant Service, continued to use our building regularly, as do the local council. A Narcotics Anonymous group meet weekly throughout the year. We do have enough reserves to cover our expenses for the foreseeable future. Page 4
Central Church Swindon LEP Re ort of the Trustees for the Ygar Ended 31 D8¢ember 2025 FUTURE PLANS Goals for 2026 We wll continue lo seek lo strengthen the spiritual life of the church through our Sunday services and by holding weekday bible studies. The Community Café on a Monday moming continues to be strongly supported and we look forward lo strengthening that initiative as we reach out lo our neighbours. We will continue to work closely with Big Breakfast Plus, Alternative Angels and the local Council as we seek to respond to the needs of our local community. We are particularly excrfced that we will be joined by a Methodist Deacon in September who will help us lo strengthen our relationships with our community. We intend to continue to ensure that our Safeguarding Offir, together with those relevant personnel who have been appointed and commissioned by the Leadership Team to respond to any safeguarding concerns, have safeguarding training with regard to vulnerable adults and children. We will continue lo support and encourage regular social 'gel-logelhers' such as church meals as these provide an invaluable opportunity lo create an atmosphere of openness and friendliness and for the whole congregation lo feel a sense of belonging lo the one church family. We will continue to work closely wth the two other churches which meet in our premises and support I(al ecumenical inilialives such as Lent Lunches in the town centre. We will continue lo support national and international events such as.. Week of Prayer for Christian Unity, Worfd Day of Prayer, Christian Aid Week, Macmillan Cancer Support, and the charity Action for Children. We will continue to encourage those attending serVIS to Come forward for baptism or confimiation and full membership. We will continue to observe traditional Holy Week services on Palm Sunday, M8undy Thursday and Good Friday. We will continue reviewing and updating all policies and amend as necessary i.e. Safeguarding, Health & Safety elc. We will continue lo review all risk assessments and amend where necessary. We will continue lo ensure that there are sufficient personnel who are trained in First Aid. We will review all pricing slruclures, maintenance conlracls, utility use and general expenditure lo ensure UnnessarY losses are not being incurred. We will continue lo support volunteers with special needs. We will work towards becoming a greener church. We wll continue lo be a welcoming, caring and inclusive Christian community, serving God in Church and in the local community. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. Page 5
Central Church Swindon LEP Re ort of the Trustees for the Ygar Ended 31 D8¢ember 2025 STRUCTURE. GOVERNANCE AND MANAGEMENT We are a single congregation church comprised of three denominations. We are recognised by the Baptist Union of Great Britsin IBUGBI, and locally by the West of England Baptist Network Iwebnell., Methodist Connexion, locally by the North Wiltshire Methodist Circuit,. and the United Reformed Church General Assembly, locally by the South Western Synod. We serve the Swindon town centre area. Our membership is also drawn from other areas of the town. We are members of Churches Together in Swindon Centre ICTISCI. The intention is that the minister of the church should be drawn from the three denominations in rotation. This is not always possible due lo a shortage of clergy and the present transitional minister is a Baptist, the Revd Jonathan Edwards. The church is presenuy exploring the possibility of working with the Methodist Circuit lo appoint a deacon. Central Church operates from the purpose-built Pilgrim Centre. The building comprises a ground floor café and kitchen, the first floor Worship Area and Activity Hall and second and third floors which are meeting rooms and offices. There 8re toilet facilities on each floor and a kitchenette. The meeting rooms are available for hir8 by the community. Trustees.. Judith Furse {Chairl, Sue Mason, Joanna Struthers-Frost, Andrea McNab, Marion Manning. Eva Shama-Kumar, Christine Duranl, Charles Selvamani, and David Redwood. Executive.. The Iruslees are all members of our elected Executive who oversee the running of the church and premises. The Executive meets six times a year. Elections are held during our annual Church Meeting, with all elected positions held for three years maximum before re-slanding for election. We also have one ex-officio member of the Executive, our minister Revd Jonathan Edwards. other Officers serving Central Church and the Pilgrim Centre.. Secretarial.. Christine Duranl (admin and correspondence), Marion Manning {membershipl, June Osborne Ipulpitl resigned September 2025 and Jo Dance (visiting preachers admin) Finance Officer.. Sue Mason assisted by Christine Durant Finance Data Input and Report Writing.. Monahans Chartered Accountsnls Cash Counting.. Robert Manning Gift Aid.. Marion Manning Chair of Church Meeting.. Revd Jonathan Edwards Staffing Officer.. Christine Duranl Safeguarding Officer.. Sue Mason assisted by Hannah Evans Infomation Officer- Christine Duranl Pastoral Committee.. Elected Members - Mavis Poolman, Barbara Barry and Jane Walsh. Revd Jonathan Edwards chairs this committee as an ex-officio member. Along with the pastoral members, Jonathan and Christine Duranl visit our sick and elderly. Inductlon and training of trustees.. Resources are available for training any new trustees in their duties e.g. our constitution model document, standing orders, website, Charity Commission website, local knowledge. Many of our Executive have been in Servi for many years. All legal requirements regarding ongoing infomiation is continually updated and displayed throughout the building. External Representation= Locally we have representstives on Good News for Swindon.. Revd Jonathan Edwards Churches Together in Swindon Centre ICTISCI.. Revd Jonathan Edwards, Judith Furse West of England Baptist Network Iwebnell.. Revd Jonathan Edwards North Willshire Methodist Circuit.. Christine Durant, Judith Furse United Reformed Church SW Synod.. Judith Furse Propertles.. The legal lille of properties managed by the church Trustees belong to the following as custodian Iruslees.. Wesl of England Baptist Trust Company, United Reformed Church and the Melhodisl Church. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1145817 Page 6
Central Church Swindon LEP ort of the Trusteos for the Year Ended 31 December 2025 Principal address The Pilgrim Centre Regent Circus Swindon Willshir& SN1 1PX Trustees J Furse C Durant S Mason J osborne J Slruther$-Frosl A McNab M Manning E Shama-Kumar C Selvamani lappoinled 15.4.251 D Redwood lappoinled 23.3.251 Independent Examlner James Gare Monahans Chartefed Accounlanls Hermes House Fire Fty Avenue Swindon Willshiie SN2 2GA Financiavlnvestment West of England Baptist Association IWEBA}, United Refomied Church {URCI, and Melhodisl Finance Board. Contact details Web Srte Central Church.. vMw.eentsl¢hurch.org Email.. pilcen@aol.com Tel.. 01793 537642 Approved by order of the board of Iruslees on .. . and signed on rts behaW by.. J Furse- Trustee Page 7
Inde endent Examiner's Re ort to the Trustees of Central Church Swindon LEP Independent examinerfs report to the trustees of Central Church Swindon LEP I report to the charity trustees on my examination of the accounts of Central Church Swindon LEP (the Trust) for the year ended 31 December 2025. Rosponsibilitigs 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'l. 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 14515}Ibl of the Act. Independent examinerfs statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that In any material respect.. accounting records were not kept in respect of the Trust as required by Section 130 of the Act- or the accounts do not aord with those records,. or the accounts do not comply with the applicable requirements concerning the form and content of accounts sel 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 maller considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. Monahans provide book-keeping services to Central Church Swindon. The examiner has applied the FRC'S Revised Ethical Standard in regard to these services. James Gare Monahans Chartered Accountants Hermes House Fire Fly Avenue Swindon Willshire SN2 2GA 04.06.2026 Page 8
Central Church Swindon LEP Statement of Financial Activities for the Ygar Ended 31 D8¢ember 2025 2025 Total funds 2024 Totsl funds Unrestricted Restricted funds funds Endowment fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 21,122 21,122 22,344 Other tffiding activities Investment income Other income 31,610 41,577 3,277 31,610 57,195 3,277 23,342 54,372 15,618 Total 97,586 15,618 113,204 100,058 EXPENDITURE ON Raising funds 970 400 1,370 7.572 Charitable activities Church activities 133,997 133,997 120,407 Total 134,967 400 135,367 127,979 Nel gainslllossesl on investments 15,4841 16,2111 25,000 13,305 38,971 NET INCOMEIIEXPENDITUREI {42,8651 9,007 25,000 18,8581 11,050 RECONCILIATION OF FUNDS Totsl funds brought foNard 199,458 938,565 287,338 1,425,361 1,414,311 TOTAL FUNDS CARRIED FORWARD 156,593 947,572 312,338 1,416,503 1,425,361 The notes form part of these financial statements Page 9
Central Church Swindon LEP Balance She 31 Docember 2025 2025 2024 Note5 FIXED ASSETS Tangible assets Investments Investments Investment propety 12 4.751 997,376 310,000 1,009,070 285,000 14 1,312.127 1,296,718 CURRENT ASSETS Debtors Cash at bank and in hand 15 16 13,083 99,fOO 11,319 125,689 112,183 137,008 CREDITORS Amounts falling due wlhin one year 17 (7,8071 {8,3651 NET CURRENT ASSETS 1 [14,376 128,643 TOTAL ASSETS LESS CURRENT LIABILITIES 1,416,503 1,425,361 NET ASSETS 1.416,503 1,425.361 FUNDS Unrestricted funds Restricted funds Endowment funds 19 156,593 947,572 312,338 199,458 938,565 287,338 TOTAL FUNDS 1,416.503 1.425,361 The financial statements were approved by the Board of Trustees and authorised for issue on and were signed on ils behalf by.. C Dur8nt- Trustee S masc - Trustee The notes form part of these financial statements Page 10
Central Church Swindon LEP Notes to the Financial Statements for the Ygar Ended 31 D8¢ember 2025 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 IFRS 102} 'Accounling and Reporting by Charities.. Statement of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191,, Financial Reporting Standard 102 The Financial Reporbng 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, with the exception of investments which are included al market value, as modified by the revaluation of certain assets. The financial slalements have been prepared to give a 'lrue and fairf view and have departed from the Charities (Accounts and Reports) Regulations 2008 only lo the extent required to provide a 'lrue and fair view,. This departure has involved following the Accounting and Reporting by Charities.. Slalement of Recommended Practi applicable lo charities preparing their a¢¢ounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2014 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 charity and rounded to the nearest pound. There are no significant areas of judgements or key sources of estimation uncertainly. The trustees Consider that there are no material uncertainties about the Charivs ability to wntinue as a going concem. Lggal status of thg charity The charity is an unincorporated charity, constituted by a trust deed. The registered office address and the nature of the charity's operations and principal activities of the charity are given in the trustees report. Financial reporting standard 102 - reduced disclosure exemptions The charity has taken advantage of the following disclosure exemption in preparing these financial slatemenls. as pemiitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,: the requirements of Sertion 7 Statement of Cash Flows. Income All income is recognised in the Statement of Financial Activities On the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable. Grants, where enlillement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled lo the grant. Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts. Incoming resources from charitable trading activity are accounted for when earned. Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity., this is normally up)n notification of the interest paid or payable by the bank. Dividends are recognised once the dividend has been declared and notification has been received of the dividend due. This is normally upon notrficalion by our investment advisor of the dividend weld of the investment portfolio. Page11 continued...
Central Church Swindon LEP Notes to the Financial Statements - continued for the Ygar Ended 31 D8¢ember 2025 ACCOUNTING POLICIES- contlnued Expenditure Liabilities 8re recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, il 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 lo the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consislenl with the use of resources. Goveman¢e costs Governance costs include costs of the preparation and examination of the slalutory accounts, the cost of trustee meetings and the cost of any legal advice to trustees on governance or constitutional matters. Tangible fixed assets Depreciation is provided al the following annual rates in order lo write off each asset over its estimated useful life. Equipment Fixtures and fillings 200/p on straight line basis 200/0 on stmight line basis Freehold property The Pilgrim Centre is owned by the Baptist Church (two thirds), Melhodisl lone sixth) and United Reform Church IURCI lone sixlhl. The Manse is owned by the URC. Expenditure incurred on the church and manse is wrillen off in the year il is incurred. The above properties are not recognised as assets of the charity. Investments Investments are included at market value al the balance sheet dale. Any gain or loss on revaluation is included in the Statement of Financial Activities as unrealised. Investment property The church receives an annual rent from a property that is held upon trust by the West of England Baptist Association IWEBAI Trustees. Investment properties are included in the accounts al open market value. All movements arising from revaluation are shown in the Statement of Financial Activities. Realised gains and losses on investment properties are calculated as the difference between the disposal proceeds and the market value al the beginning of the year or cost of purchases during the year. Unrealised gains and losses are derived form the movement in the market values during the year. Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short malurily of three months or less from the date of 8CqUlSition or opening of the deposit or similar account. Credltors cditOrS are recognised where the charty has a present obligation resulting from a past event that wll probably result in the transfer of funds lo a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised al their selllemenl amount after allowing for any trade discounts dLJe. Page 12 continued...
Central Church Swindon LEP Notes to the Financial Statements - continued for the Ygar Ended 31 D8¢ember 2025 ACCOUNTING POLICIES- contlnued Taxation The church is an excepted charity within the meaning of the Taxes Acts. Accordingly it is potentially exempl from laxalion in respect income 8nd capital gains received lo the exlenl that such income or gains are applied exclusively to charitable purposes. No provision for tsxation has been made in these financial statements. Fund accounting Unreslricled funds are available for use al the discretion of the church in the furtherance of its charitable objectives. Restricted funds are subjected to restrictions on their expenditure imposed by the donor, or contained in the terms of the grant. Endowment funds are funds which are held subject lo donor-imposed stipulations that they be maintained as capital. The income earned from these funds is used for general purposes where allowed or for the specific purposes intended. The aim and use of each endowment fund is sel out in the notes lo the accounts. Further explanation of the nature and purpose of each fund is included in the notes to the financial ststemenls. Pension costs and other Postlirern¢nt benefits The church operates a defined contribution pension scheme. Contributions payable lo the church's pension scheme are charged to the Statement of Financial Activities in the period lo which they relate. The church also pays pension contributions for its Minister lo Ihe Baptist Ministers Pension Trust Limited, which is a final salary defined benefit scheme. The scheme is a mulli-employer scheme and it is not possible to identify the assets and liabilities of the scheme which are attributable to the church. Therefore, as there is insufficient information, the scheme is accounted for as a defined contribution scheme. DONATIONS AND LEGACIES 2025 2024 Donations and collections Gift aid 17,520 3,602 18,580 3,764 21,122 22,344 OTHER TRADING ACTIVITIES 2025 2024 Hire of Pilgrim Centre 31,610 23,342 Page 13 continued...
Central Church Swindon LEP Notes to the Financial Statements - continued for the Ygar Ended 31 Dgcember 2025 INVESTMENT INCOME 2025 2024 Rents received Income from fixed asset investments Deposit account interest 22,396 32,983 1,816 23,365 28,088 2,919 57,195 54,372 RAISING FUNDS Investment management costs 2025 2024 Portfolio management Rental property expenses 458 912 427 7,145 1,370 7,572 CHARABLE ACTIVITIES COSTS Direct Costs (see note 71 Support costs (see note 81 Totals Church activities 50,786 83,211 133,997 DIRECT COSTS OF CHARITABLE ACTIVITIES 2025 2024 Staff costs Sundries Denominations and assessments Worship Minister payments Donations 19,812 671 7,264 2,590 19,877 572 480 7,544 2,756 18,860 21 50,786 29,661 SUPPORT COSTS Governance costs Management Totals Church activities 80,116 3,095 83,211 Page 14 continued...
Central Church Swindon LEP Notes to the Financial Statements - continued for the Ygar Ended 31 D8¢ember 2025 SUPPORT COSTS - contlnued Support costs, included in the above, are as follows.. Management 2025 Church activities 2024 Total activities Water Insurance Light and heal Telephone and internet Printing, postage and stationery Cleaning and household Repairs and renewals Bookkeeping, management accounts and payroll Depreciation of tangible and heritage assets 6,299 4,223 26,165 2,629 2.548 5,782 27,243 7,155 4,089 21,745 2,684 2,086 6,693 39,324 3,554 2,840 1.673 1,185 80,116 87,801 Govemance costs 2025 Church activities 2024 Total activities Independent examination and accountancy 3,095 2,945 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 December 2025 nor for the year ended 31 December 2024. Trustees. expenses There were no Iruslees, expenses paid for the year ended 31 December 2025 nor for the year ended 31 December 2024. 10. STAFF COSTS 2025 2024 Wages and salaries Other pension costs 19.500 312 19,812 The average monthly number of employees during the year was as follows= 2025 2024 Pilgrim Centre Coordinator Maintenance and cleaning Page 15 continued...
Central Church Swindon LEP Notes to the Financial Statements - continued for the Ygar Ended 31 D8¢ember 2025 10. STAFF COSTS - contlnued No employees received emoluments in eXsS of £60,000. 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unreslricled Restricted funds fLJnds Endowment fund Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 22,344 22,344 Other trading activities Investment income 23,342 42,912 23,342 54,372 11,460 Total 88,598 11,460 100,058 EXPENDITURE ON Raising funds 6,720 399 453 7,572 Charitable activities chUh activities 100,186 20,221 120,407 Total 106,906 20,620 453 127,979 Net gains on investments 2,531 36,440 38,971 NET INCOMEIIEXPENDITURE) 115,7771 27,280 (4531 11,050 RECONCILIATION OF FUNDS Total funds brought forward 215,235 911,285 287,791 1,414,311 TOTAL FUNDS CARRIED FORWARD 199,458 938,565 287,338 1,425,361 Page 16 continued...
Central Church Swindon LEP Notes to the Financial Statements - continued for the Ygar Ended 31 D8¢ember 2025 12. TANGIBLE FIXED ASSETS Fixtures and fittings Equipment Totals COST Al 1 January 2025 Additions 27,755 1,101 28,101 2,676 55,856 3,777 Al 31 December 2025 28,856 30,777 59,633 DEPRECIATION Al 1 January 2025 Charge for year 27,038 579 26.170 1,095 53,208 1,674 Al 31 December 2025 27,617 27,265 54,882 NET BOOK VALUE Al 31 Dember 2025 1,239 3,512 4,751 Al 31 December 2024 717 1,931 2,648 13. FIXED ASSET INVESTMENTS West of England Baptist Trust Co. United Reform Church Totals MARKET VALUE At 1 January 2025 Unrealised gains 392,202 23,542 616,868 135,2361 1,009,070 111,6941 Al 31 December 2025 415,744 581,632 997,376 NET BOOK VALUE Al 31 December 2025 415,744 581,632 997,376 Al 31 Dember 2024 392,202 616,868 1,009,070 Investments held by the West of England Baptist Trust Company are used to fund signrficant repairs lo the Pilgrim Cenlre. Investments held by the United Refomi Church are for signrficant repairs to the manse. There were no investment assets outside the UK. During the year ended 31 December 2018, £80,000 of unrestricted funds were invested in the United Reform Church fund. Page 17 continued...
Central Church Swindon LEP Notes to the Financial Statements - continued for the Ygar Ended 31 D8¢ember 2025 14. INVESTMENT PROPERTY FAIR VALUE Al 1 January 2025 Revaluation 285,000 25,000 Al 31 Dember 2025 310,000 NET BOOK VALUE Al 31 Dember 2025 310,000 Al 31 December 2024 285,000 The investment property was purchased in January 2020. The Iruslees revalued the property at 31 Dernber 2025 wlh reference lo recent sales prices of similar properties. Fair value at 31 December 2025 is represented by.. Valuation in 2023 Valuation in 2025 Cost 38,486 25,000 246,514 310,000 15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debtors Prepayments and accrued income 1,105 11.978 3,273 8,046 13,083 11,319 16. CASH AT BANK AND IN HAND Included in cash is £54,893 (2024.. £44,062) which is held on deposit by the Wesl of England Baptist Trust Company. 17. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Other creditors Accrued expenses 1,086 6,721 1,294 7,071 7,807 8,365 Page 18 continued...
Central Church Swindon LEP Notes to the Financial Statements - continued for the Ygar Ended 31 Dgcember 2025 18. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2025 Total funds 2024 Total funds Unrestricted funds Reslricled funds Endowment fund Fixed assets Investments Current assets Current liabilities 4,751 109,083 50,566 {7,807} 4.751 1,307,376 112,183 17,8071 2,648 1,294,070 137,008 18,3651 888,293 59,279 310,000 2,338 156.593 947,572 312,338 1,416,503 1,425,361 19. MOVEMENT IN FUNDS Nel movement in fLJnds At 31.12.25 Al 1.1.25 Unrestricted funds General fund 199,458 142,8651 156,593 Restricted funds Swindon Church Fund URC Fund 436,264 502,301 34,373 125,3661 470,637 476,935 938,565 9,007 947,572 Endowment funds Property- Baptist 287,338 25,000 312,338 TOTAL FUNDS 1,425,361 18,8581 1,416,503 Net movement in funds, included in the above are as follows: Incoming resources Resour$ expended Gains and losses Movement in funds Unrgstricted funds General fund 97,586 (134,9671 15,4841 {42,8651 Restricted funds Swindon Church Fund URC Fund 11,232 4,386 14001 23,541 129,7521 34,373 (25,3661 15.618 14001 16,2111 9.007 Endowmont funds Propety- Baptist 25,000 25,000 TOTAL FUNDS 113,204 1135,3671 13,305 18,8581 Page 19 continued...
Central Church Swindon LEP Notes to the Financial Statements - continued for the Ygar Ended 31 D8¢ember 2025 19. MOVEMENT IN FUNDS- contlnued Comparatives for movement in funds Nel movement in fLJnds At 31.12.24 Al 1.1.24 Unrestricted funds General fund 215,235 115,7771 199,458 Restrlcted funds Swindon Church Fund URC Fund Benevolent Fund 422,401 488,774 110 13.863 13,527 11101 436,264 502,301 911,285 27.280 938,565 Endowment funds Propety- Baptist 287,791 14531 287,338 TOTAL FUNDS 1,414,311 11,050 1,425,361 Comparative net movement in funds, included in the above are as follows.. Incoming resources Resources expended Gains and losses Movement in funds Unrestricted funds General fund 88,598 (106,9061 2,531 115,7771 Restricted funds Swindon Church Fund URC Fund Benevolent Fund 11,460 120,5101 22,913 13.527 13,863 13,527 11101 11101 11,460 120,6201 36.440 27,280 Endowment funds Property- Baptist 14531 14531 TOTAL FUNDS 100,058 1127,9791 38,971 11,050 Endowment funds Property- Baptist This fund represents the value of the Investment propety (plus excess cash from the sale of the previous investment property) managed by the church as managing trustees, the deeds of which are held by the Wesl of England Baptist Trust company as custodian trustee. The fund is held for the general purpose of the charity- Restricted funds Restricted funds are subjected to restrictions on their expenditure imposed by the donor, or contained in the terms of the grant. The purpose of the above restricted funds are as follows., Swindon Church Fund This represents funds held by the Wesl of England Baptist Trust Company on behalf of the church and is to cover significant repairs lo the Pilgrim Centre building. Page 20 continued...
Central Church Swindon LEP Notes to the Financial Statements - continued for the Ygar Ended 31 D8¢ember 2025 19. MOVEMENT IN FUNDS- contlnued URC Fund The URC Fund is restricted lo use on the United Reform Church manse and other related aclivilies. 11 is represented by investments held on trust for the Church by the United Reform Church. A donation was received lo support anyone in the church's fellowship who might need extra help Benevolent fund 20. RELATED PARTY DISCLOSURES Total donations of £2,46012024.. £2,100) were received from trustees. These donations were all given without conditions. Trustees also donate via church plate collections. These amounts are not recorded separately There were no other related paty transactions for the year ended 31 December 2025. Page 21