Re¥i8tered nurnber: 08043TIO Charlty number. 1147984 GOLD HILL BAPTIST CHURCH IA Company Limited by Guarantee) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 GOLD HILL BAPTIST CHURCH (Acompany Limited by Guaranteo) CONTENTS Page R•hi•nce and Adminlstrative Detalls of the Comp•nyi bts Trustfres and Advlsers Trust•ts' R•port 2-10 Independent Audltors. Report on the Fln#n¢lal Statements 11-14 Stat•mgnt of FinanclaLA¢tlvltles 15 Balahc# Sh$ 16-17 Statement of Cagh FIOWB 18 Not?$ to the Financlal Statements 19-36 GOLD HILLBAPTISTCHURCH IA Company Limlted by Guarantee) REFERENCE AND ADMINISTRATIVE D￿AlLs OFTHE COMPANY, ITS TRUSTEES AND ADVISERS FOR TfrIE YEAR ENDED 31 MARCH 2025 Trust88¥ Rovorend Stoph•n Jarnes WaLk•r-Williams. Pastor-Team Leader Alfred Blehl8r lappolnted 11 June 20241 Antonlp Castle M•rlon Lueard Irg¥lgned 17 Jun• 20251 Mark Aaynèr (appointed 17 Sgptembtrr20241 Company r•gl$tered numbgr 08043770 Charity registèr•d number 1147984 Reglstored offlce The Hub Church Lan• Chalfont St Peter Bucktnkhamshlr& SL99RF Indgpendent auditors Wenn Towns8nd 30 St Glles Oxford OX13LE Bankors NatlonAI Westminster Bank pl 250 Bishopsgate London EC2M 4AA Stsllc5tors Anthony Collins 134 Edmund Stro•t BlrminghBm B3 2ES P8ge 1 GOLD HILL BAPTISTCHURCH {A Company Limlted by Guarante*l TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustees. who are Elders ol the Church. land 8r* also directors ol the cha¥ity for the purposes of the Companies Act) present their annual rèport together with the audited financial statements of Gold Hill Baptlst Church l-the Company") for the y88r ended 31 March 2025. The Trustees confirm that the annual report and financial statÈmepts of the Ctsrnpany comply with the current stbiutgry requifements, the requirements of the Company's governing documentand the provisions ofthe FRS 102 Statement ofRecommendÈd Pr8Ctice ISORPI'AccountingAnd Reporting by Charities" effèciThie 1 January 2019. Structure. governan¢¢, and managoment Constltutlon The Company is registered as a chariiable eomp8ny limitett by guarantee with ctsmpany re&'5tration number 08043770 8nd was set up by a Memorandum of Association on 20 April 2012. The Company is a registered charity number 1147984. The princip81 objects of the Company are-. i. The adv8n¢ement of the Christian faith accordingio the principles and practlces of the Baptist denomination. ii. Other charitable pu¥poses in the United Kingdom andloi other pxrts of the wortd. There have been no changes in the objectives sinee tha last annual report. b. Misslon oltho Church- aim3 and objectSves Gold Hill Baptistchurch Seeks to multiplyfullydevotèd disciple5 91 jesus. We do this through upholdin8the following V8lues'. Bible Saturated R¢liant on the Holy Spirit Expectant in Prayer People Focused. ¢. Public Ben8fft In planning the activitie5 for the year, the Trustees have con81dered the Charity Commlssion's guldaneé on public b9nelit and. in particular. the specitic guidonce on charities for the advancement of religion. The Cornpany seeks to serve the local communlty in which it 1$ situated as well as engaging in national and internalional ministry. In 8CCOTdance with the requirements of thè Charitie¥ IAccounts and Reports) Regulations 2008. the Tru$tee8 confirm they have complied wrth that duty. d. Organlsatlonal structure: deci81on maklng,. Inductlon and tr•lxlng of trustee8 As at 31 Maich 2025 the Church had circa 289 full Church members on its records, circa 134 Bdditlon81 regular attenders. Iwith a further eirca 171 maintoining association with Gold Hill gs Friendsl. Thè Fnember5 are invited to meet lou* times a year at a Church Meeting to review the activities ol the Church 8nd make key decisions on strategy and finance. Presented by the Elders, as well 89 approving key appointments. There is an eLect8d Church Covncil, representing a wide range tsf ministries and aclNltie8. which consists of the elected Elders and elected Deacons and further elècted Church representatives. The Church Council meet8 four times a year to consider new initiatives and plans presented by the Elders prior to presentatlon to th& ChuTch Meeling. Page 2 GOLD HILL BAPTIST CHURCH IA Company Limlted by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOA THE YEAR ENDED 31 MARCH 2025 e. Dlrectors: Try$tees' Eldars and Tralnlng The Company has a number of Elders who are also Directors and Ch8Fity Trustees of the Company. Those who have held this position during the year endèd 31 March 2025 and as at the date ol this report lunEess otherwise ststedl, were as follows.. Rev Stephen Walker-williams Alfr8d Biehler lappoint8d 11 June 20241 Antonia Csstle Marion Lugard (resigned 77June 20251 Mark Rayner (appointed 17 September 20241 The Company's consiitution specifies that Ihe majority of Dliectors and Charity Trustees must bè non-saiaried members ofthe Church. There are # number ol other pald employees or mission partners trfthe Church who are also Elders of the Church. Those who have held this position during ihe year ended 31 Maich 2025 and as at the dat8 of this ropowt lother than a$ stated). weie as follows-. Jénnifer Oliphant James Sifftmons Liz Thomson (appointed 23 Sèptember 20251 The EldeT3 are approved bythe Church Couneil and then electèd bya ballot olthe Church members. To be appointed they h2ve to achieve seventy-live percent of the vole$ ¢ast in the ball￿. AIL 8ppointees will already have been Integiat8d into the lift of the Church before being nominated and they receive on thejob tuition by attending Eld8rs' Meetings. They are atso provided with material on Trustee responslbilities produced by the Charity Commission and the Baptist Union of Great Britain. l. Volunteer$ The ministryof the Church reliesvery heavilyon Ihg work ofvolunteers. Duringtheye8rwe employed upto 7 full time equivalent staff. some are full time and other's part time. However. we estimate that there are over 200 volunteers involved in tho various ministrie$ of the Church. including Leadership. Children and Youth Work. Community and Family Work. Finance and Administration, PBsior81 Care, Sunday Ministry and Members In Mission. g. Risk rnanagèmènt 7he Trusiees have assessed the malor risks to which the Company is expose(J. in particular those related to the operations and linances of the Company, and are satisfied that system5 and procedures are In place to mitigBie our èxpo$ure to the major r¥sks. Page 3 GOLD HILL BAPTIST CHURCH IA Cornpany LSmited by Guaranteel TRUSTEES, REPORT ICONTINUEDI FOR THEYEAR ENDED31 MARCH 2025 Objectives and Actlvhles The principal objectiv$s. aims and mission of the Church are detailed above. Details of our c￿rrent activities can be lound on our web8ite at www.goLdhill.org. Activities undertakèn during theyear to a¢hieve our objectives include: Sunday Worship During the year. we held Qui Sunday morning services at 8.458m and 10.308m in the main Hub bu¥ldin8. Ovr youth 6¥oup continued lo hold their own servt¢&s each SundBy evening. b. Onllng Presencg Gold Hill Baptist Church publishes a webslte that now has much expanded functionality and usability. It makes tis more effective in our efforts to communicate who we are to our community and enables spaee for us to produce and promote resources and material to help people grow in faith and reach others. We continue to use soei81 media and 8re Seekingto develop th1$ by implemeniing a team, led by volunteers. to creaie content and interaci online. ¢. Lme Group Mlnistry Our Llfe GTOUP ministry seek8 to be the main YrfAy pastoral cale and discipleship Is ¢81ried out in the Church. They continue with the clear vision that people in smaller groups would'share Life. Share Jesu5'. Atthe heart of this. il is all aboLrt having deep. honest and acctsuntable relationships with other people, growing in our discipleship and finding ways io share the message of Jesus with Others. There are groups meetingwithin Chalfont St Peter, as well as groups meeting across the wider locality. reflécting the geographical makeup of our church family. Our Life Group le3ders continue to do a brilliant job at Stjpporting their groups and providing Leadèrship. Approximately half ol rhe Church members regularly engage in Life Group ministry. d. Short Term Mlssson Events During the year 10 31 March 2025, the Church has support8d several short-term mission initiatives. Local Mi$¥lon In the commtsnity The Church has continued to have another successful year servlng the community in 8ddition to several local courses and comrnunity initiatives. Some of these Initlatives ar¢ in the Hub building and others elsewhere in the community. yoar olds: Toddler Praise h8s ¢ontinued to welcome parent3, carers and their pre-school children into the Hub on a Friday morning.. with child attendance around 6￿70 per session. The Hub also has actod as Ihe location for local He8lth Visitors and new-mum3 advice clinics. 7-11 year olds: Hub night (previously known as PlurFge Plus). 7-11s Friday evening Children's Cl(tb engages wlth the local community and has a child atten(Sance rangirsg from 3040. Youth.. During the ye81. the Church continued oui partn8rshlp with CSP YoLiih C8ntr8. which we support on behalf ol the commLtnity, by providing some volunièèrs. Over the coming year we hope to renew and strengthen our partne¥ship with the Youth Centre. We also engage with aroL¢nd 40 young people across Sundays and our midweek Bible Studywith a slight incraose of newyoung people attending in the 202412025 academic year. Page 4 GOLD HILL BAPTIST CHURCH IA Company Lirnited by Gu8r8nteg} TRUSTEES. REPORTICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Adults.. The opportunityto enhance the Teach that we are able to have in the communitythroL¢gh offeringan arts and crafts tacility called'unique Like You, operates from the Hub building. Gold Hill Baptist Church has developed a Seniors, Day, and this attracts over 40 senior people each week every Wednesday. It has had a real impact on the community particularly a8 th5$ area of wo¥k has been identified by the County Couftctl xnd they are not able to resource it. The Church has continued a stron8 partnership with Gold Hsll Home Care which provides domiclliary C8ie aeioss the area. As part ot the partnership, Gold Hill Home Care have office space at the Hub. The Hub continues to host a Llkraine café- welcoming Ukrainian guèsts staying in the locality with a place ol connection. and thereby helping to identify the*r needs- with 80me being met on site, such as tWi¢e-weekly language lessons, and provision of clothing and other articles required. This ministry at the Hub has been recognised 85 a centfe of local response to the Ukr8inian contlict. Careers Springboard is a charity that supports people In ¢areeT transition. including graduates. On Fridays f8ce-to-lace meetings are held in the Foyer at the Hub. These meetings Ale led by members of Gold Hill Baptist Church an(J are open to anyone in the eommunity. They provide networking opportunitles 8$ vveLI 8$ giving attendees the chance to share their own expeFiences. Attendèès receive advice on various topics including CV reviews. Linkedln, network5ng. job application5 and interview practice. The Hub has also been used to support commLtnity health in 3 variety of ways.. hosting the at)nual Flu Clinlc. enabling the local Primary Care Network to meet for both planning an¢ training. and *ctin8 88 a base for community Health Visitors to hosl indivi¢Jual meat￿ng5 with parents and childi8n an(1 run early years parenting couises. A mental health/wellbeing group was also run at the Hub over 8 period o112.weeks, and a range of activittes promoting physical fitness also provided support. Local schools have held both Christmas and full- school 8558mbles in the main auditorium. The opet)ingof the Hub buildingenabled a dedicated space to be allocoted to oijr Foodbank operation. PartnèrFng with the Trussell Trust Foodbank in Chesham. we now both receive donations, and on 8v*ragÈ dÈLiverfood parcels to around 10 homes in the village per week. with dernand continuing to grow. The Pèople's Pantry. a place where people can come and choose fresh or extra products for themsalv8s opened in Octobei 2023 and is open thre¥ days 8 week to people from the community. The Church is a key player in tho two main local community events in th8 y8ar'. the Summei lestival on Gold Hill Common (Chalfont St Peter Feast Dayl and provides a team of volunteer Workers for the set-up. running and set- down olthe facilities. also forvillage Fun Night. held in theviltage centre on the first Fridayof December, lorwhich the Church opens the dooTS of it5 cafe for tea, coffee and mince pies, and has a vistble presence with a sta(1 to interaci with and encourage the local community. t. Children and Young People Our investment in the children and youth of our Church and surrounding community Is exrrem&ly Important. Our Children's and Families Ministe¥ Shona Hunter-singh continues to have a hugely positlve impact on the children in the Church and community seeing growth withln mid-weak groups. Our Children's 2nd Youth Work ministries continues to be supported and resourced in the Tnain by volunteers. Our volLtnteers' ama21ng dedtC8tion is much appreciated by par•nts, ¢arer$ and the wider Church family and community. During the year, we continued to see parents, appreciation of the various activities provided for children and yotjng people. The children Continuèd inviting theirfriends to mid-week activities. We have continu8d lo engage with over 100 chiLdren ovef the week through Sunday and mid-week groups such Ès, Hub Night, Toddler Praise. Bible Studies and youth socials. In addition. our schools work ha$ devèloped p8rttcularly at Robertswood School and St Joseph'5 School. We havè also employed o Chitdren's Worker, Liz Styles, who has been able to build on the workwe already do with under 11s. Page 5 GOLD HILLBAPTISTCHURCH IA Company Llmltèd by Guarantee) TRUSYEES. REPORT ICONTINUEDI FOR THEYEAR ENDED 31 MARCH2025 & Young Adults The Young Adults. ministry works wrth the Gold Hill Bxptist Church community of 1B-30 year olds. The group comprises university students. young adults on"gap" years, grBdu8tes and those tsvlng and working locally. During term-time there aTe regularly about 20 in attendance but during the past year. 35-40 different individu81$ have attended event$. The keyobjeetives forthis ministry8re to buitd community and growfullyd8voted disciples oljesus. Since September 2023, the young adults hav8 met lortnightly io sfiare a meal and study the Bible iogethei. There has also been a piogiarnme of monthly social actiwities and Sunday lunches or barbecues. The minlsiry and activities are promoted extensively on social media plattorms whlch are mot)aged by the young adLJlts themselves. This is an ettective way to encourage local young adults to become part of the communlly. The ministry is overseen by volunteels who seek to mentor 6n(J coach the young adults and is supported by others from within the ChuF¢h family who h8ve hosted events in thèir homes or supportÈd the delivery oy bigger events. For those preparing for university. Session is held In the earlyalttumn EO hèlpthe newstudents asthey leave home and includes information and advice from other morè sea80ned student$. We strive to remaln ¢onnected with the students living away an(J encourage them io re-connect wit17 us when home during the holidays. To enBble this to happen this ministry runs throughout the yeaw. h. Over 50's J8mès Simrnons oversees our life stage ministry snd link5 in with th8 Seniors, Ministry. ¢oordinated by a Church volunteer. This group aims in particularto prowde a range of activities and serwces particvlarly aimed at the Seniors. lovei Bosl age group. l. Pastoral Care There are many ways Pa3toral Care takes place at Gold Hill Baptt$t Church. Much pa$toial care Is carrie(J out Quite unconsciously as rnembers watch out for one another and as thgy meet within the vaiFous sn7all groups 8￿bOrtIed in Church life. The Core Pastor81 Team, overseen by Sièphen Walker-Wiili8ms. takes overarching rèsponsibility for ensuring ihat specificlmore complex pasto¥al needs in the fellowshlp are identified and met. James Simmons 1$ a crucial part of th￿5 ministry an(J in addition to his pastoral ministry within the Church lamily he also overseas OLtr community outreach ministry. In addition to supporting small group Leaders in the provision ol ¢8re, the Team prioritises support foi the elderly. the housebound, th08e hospitalis8d. those in dam8ging relationships and th0$8 bereaved. As relerred to above. Gold HFII Baptist Church èlso Links to the foodbanks In Chesham & Amersham that distribute food to those who are in need. To this end we provide food vouchèrs to any who call Into the church office and can prove their lev81 of need. In addition. Gold Hill Baptist Churcl) has been a delivery pointfor the foodbartkto our local comrnunity and drop-off point for donations. J. Prayer Prayer is a vital part of Gold Hill Baptlsl Church, and all members are encouraged to have their own person81 prayer life. but this is supported by the offer ol prayer ministry ai all our Sunday services. There is an orggnized prayer chain for particular needs. and the Elders are committed to pray for each member of the Church within the year. There 15 a dedicated pray6r rooFll inthe Hub building, which maybe booked bylhe hourforeither individualoigroupuse. Church prayfrr and fasting days lakè place each month, typlcally with a different themelfocus on each oceasion. Gold Hill Baptjst Church have linked together with several other local churches In our are8 to hold 24-hour pr8￿r sessions for our communities.. local issues and matters atte¢tingthe widerworld. Both 2024 and 2025 $8w each yeaf Start by settlng 88ide January with a month of prayer. During January 2025. we encouraged everyone io pray each day, including 8 day of fasting once per week. Page 6 GOLD HILLBAPTISTCHURCH (Acompany Umited by Guaranleel TRUSTEES, REPORTICONTINUEOI FOR THE YEAR ENDED 31 MARCH 2025 After 8 Successful pilot in June. July and August 2024the Church now hosts an outreach prayer café each month. Th& H8avenlyWellness Café attracts manyfrom the local community and provides a space where theycan receive prayer for healing, etc. in Jesus. name. k. Dlsclpleship During ihis year, work has continued to plan and implement 8'Discipleship Pathway. at Gold Hill Baptist Church. This Is an atterrspt to create a clearly defined strueiure 80 that every pèrson who connects with our Church can be empowered and enabled to take steps forward in faith with jesus. It includes a mlxtu¥e of resources and guides. as well as painting 8 Plcture for peoplè of what growing maturrty in faith looks like. L. GlobaL Misston The Cross-ctsltural Team provtdes finanei81. prayer and other pra¢tical 5UPPOrt to overseas workers. These partners hav6 been lormally selected and 8rÈ. in mosi cases, professionally trained and qualified for their voeations. Their 888ignrnents are formally as$es5ed and approved bythe Cross-cultural Tegm. Their purpose isto establish and build the church in various locations arounfl the world,. this can be by bible translation. ev8ngelism. providing SLtpport services. drug rehabilitatlon, support ministries among the poor and IrBining. They are supportèd financially at dlffeFent levels according to a Star*dard set ot principles that is applied consistently, such as 95sessing their needs (dependent on lo¢ation, family and working reouiiementsl. oth8r m8ans of support and income and the Chur¢h's ability to fund them. During the yèar there weie l 7 individuals or couples. who received financial support or 23 indlviduals if you include ehildren of mission partne¥s. m. Local Church P•rtnerships Gold Hill Baptist Church continues to maintain links vvtth and provides advice. 8P8akers and support to local hurches_ There is a growing demand for and concern for partnering with m8ny other local churehes. and links with thesewill be further examined and developed duringthe comingyeai. Regulgl meetings are held with leaders ol other local churches in South Bucks. with th8 aim of working together to reach the region with the Gospel and see the church renewed. A smaller group of church leader$ meel together under thè n8me the SoLrth Bucks Network with these aims. Stephen Walker-williams has straiegic oversight ol this neiwoik. Gold Hill Care Thè Church has a very close a550ciation with Gold Hill Care. whi¢h was established os a separate organisation by a previous member of the Church. providing domicili8ry care lor mainly elderly people within our community. Thè Church continuès to have a close working r818tion8hip with Gold Hill C8r8. Grgnt$ Grants are made by the Church to both UK and Intern8tion81 missions to further their work and in accoid8nce with the mission objectives of the Church. Page 7 GOLD HILLBAPTISTCHURCH IA Company Limited by Guarante•l TRUSTEES. REPORT ICONTINUEDI FOR THEYEAR ENDED31 MARCH 2025 Achievem6nt$ and pertormance Achlevèments and performance have to be assessed in terms ot people reachéd with the Good News ot Jesus, restored through prayor and accepting Jesus and released to Iwe fully for God resulting in lives being iranslormed. From the Bctivities outlined above It IS 8vident that a significarkt nurnber ol peoplè in our con3muniiy are being imp8¢ted by the work of the Church, both through regular weekly events. and through one-orr event8 such as the Destination Hope Art Exhibilion. Increasingly. the Irameworkof how the'lost are being reached., the'saved are being matured an¢J mult5plied' and the'mtsstvulnerable in our community being ministereij to in Jesus. name, is becoming the'perttsrm8nce' review siructurè within Eldership and leadership meetings. Plans for future periods Aftei ¢elebratir*8 the Church'8 250 annivers3Fy in 2024 there are plans to'grow deeper and go further" in the next season of the ChuTch's history. This is building on the foundation of the past 2nd includes investment in prayer. worshlp. disclpleship, leadership and mTrssion. Finance. property matters and risk management Finan¢lal review Financial income is derlved from voluntary donations and regular giving by the congregation. mainly VIB the Gold Hill Church Trust. During the year under review. regular giv¢ng io the Gener81 Fund lincluding Othei Offeringsl was E471.72312024.- É466,9731. A significant proportion of the Church's in¢ome is given byway of donations to Christian mi55i9n and relief groups. mostly oversgas or through Iheir commissioningorganisations. The olher main areas ol expenditure forthe Church is that of staff costs and Hub running costs. The G9neraL Fund lincludlng exponditur8 01 É87,148 on Global mission) reported a surplus of £10.096 in thé year 12024= £10,731 surplus). and we thank God foi his provision. The total cost of building thè Hub was c. £9.45m. Donations to the Hub Heart Hotne project for the Iinaneial year totalled £138,93712024.. £461,624) which has taeilitated the repayment of loans on th*$ project which atthe ye8r-end stood at just £1.339.07312024.. 21,458.7111. It is ovr aim to repay this borrowingwell before the expiryof the Baptisr Union Corpoiation Loan facility in 2036. In August 2024 ihe Church completed the purcha58 Of a pioperty to be used 8$ 8 Manse. Donations tD the Manse pioject lor the financial year totalled £140.31112024.' £304,892). To Complete the purchase th8 Church secured an ddition Loan facility from ihe Baptist Vnion Corporation of £440,000 plus an interest fTee loan from a member of £100.000. At the year ènd the outstanding loans on this project stood at £534,88912024: £100,000). As there are no specific investment powers, the cash reserves are kept in inteiasi bearing 35 day of 90 day notice bank accounts. or instant 8cc885 bank accounts. b. Going concern After making appropriate enquiries. the Trustees have a reasonable expectation thai the Company has adequate resources to continue in operational existence lor tha foreseeable lutLtre. For this reason. they continue to 8dopt the goingconcern bas2s in preparingthefinanclal $t$tements. Further details regardingthe adoption ofthegoingconcern basis can be found in the Accounting Polieie$. Page 8 GOLD HILLBAPTISTCHURCH {A Company Umlted by Guarante81 TRUSTEES. REPORT ICONTINUEDI FOR TrIE YEAR ENDED 31 MARCH 2025 . Hub Buildin8 Project and othor property matters Gold Hill Baptist Church signed a Design and Build ¢ontract with larvis Ctsntracting Limited and building work took place during 2020121. The new building. which is called thè "Hub" was completed and handed ovew to Gold Hill Baptist Church in Septembei 2021. The agreed contract price for the building amounted lo £6,450,000 with An Bdditionèl SLIM of 2439.345 to covef professional lees, audio visual and fit out costs. Gold Hill Baptist Church wer8 notified that Jarvis eontr8Cting Limiled had entèred into Administration on 28 Fèbiuary 2023, and is now in Liquidation. Professional advice is being sought concerning the tre8tmenl of the retention funds that are held by Gold Hill B8Ptist Church, and on outstanding remedial issutts. During the year remedial works ¢osting £100.333 have been carried oul and these costs have been paid from the retention funds held. In December 2021. the Baptist Union Corporntion agreed to ￿ant a 108n to the Church and to consolidate all Ihe outstanding loans that it had in relation to the Hub into one now loan totalling£1,611,502 Ib81an¢e at 31 March 2025.. E1,088.0731 which is repayable over IS yeals. In addition, there are B number of Loans from members in rel8tion to the Hub (balance at 31 March 2025- £251.0001. In August 2024. th8 Baptist Union Corpotation agreed to grant a loan of £440,000 to the Church to facllitate the purch8s8 of 8 Manse Ibalanee at 31 March 2025.. £434.8891 which is repayable over 20 years. In addition there is a 108n from 8 member in relation to the Manse Ibalance at 31 March 2025.. £100,000). d. Rlsk polley We maint8in 8 Simple risk regist8r, which id8ntifies the major risks to tho ¢ortrtinuing mission ol the Church within the community. We rely on the generous and sacrifici31 giving ol the Church members to enèble our many ministries within the community- As a charity, we also benefit from the ta¥ relief provided tylhe Govornmenl s Gift Aid Scheme. which enBbles us to extend our ministry in the community even rnoie effectively. •. Prlnclpal rlsks and uncgrt8lntlo8 As a charity. the Church f8ce5 a number ot principal risk8 8nd uncertainties. The most severewouLd be a subsiantial drop in income whsch is lar8ely reliant on ihe giving of church members. Another risk would be a reduction in the number of volunteers who are prepared to offer their time to enable the Chijrch to achieve its activilies. The Church could also be affected by other macio-èconomic Tisks whlch MAY bffÈ¢t the UK economy. t. Ro8ar¥8s poll¢y The Trustegs reviewed the reserves pollcy duringthe year and free reseNes will continue to be held for thèlollowing reasons.. to meet working capit81 requirements. to protectthe Church against income flL¢Ctuations. as an adversity or continuity reserve- to prot8cl the Church operations agaln8t other unplanned gdveise events. The Trustees have agrèed a target policy of holding sufficlent frae reserve5 to meet 8 minimum ol three months, General Fund expenditure. In the year ended 31 March 2025. free reserves increased by £41,298 to £143,59012024: £102,292). The increase is in part due to the reclassification of £2fj.776 of funds previously reported in restricted funds, to free r88eNes. Free re5eNes are calculated as totèl lun¢Js. less restricted funds and designatad funds. Atth8 y98rend thefree reserves werè in Line with the policy's minimum target. The levolof free Teserves has improved in each of the last 2 years, and we would •nticipate further improvements ès th& loAn given lo the Breadhou$e continues to be repaid by instalmènts ovèrthg coming yea¥s. P8ge 9 GOLD HILLBAPTISTCHURCH IA Company Limited by Guaranleel TRUSTEES'REPORTICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 g. Key management p&rsonn81 Salaries for key management st8ff are set by the Trustees. who meet at least annually. In accordance with the Charities, governing documents. Local Bnd n8tional comparators are consldered. alongside individual responsibility levels ond performance. Trustee$, responslbSlltle8 Statement TheTFUSlees (who afe also directors ot Gold Hill B8Ptist Church for the PLtrp08es of company lawl are responsible for PTeparing the Trustees, Teport and the financiat statements in accordance with applicable law and United Klngdom Accountingstandards (United Kingdom GenerallyAceept8d Accounting Practice). Company law requires the Trust8es to prepare financial staièmènls for each financlal yaar. Under company law the Trustees must not appfove the financial statemènts unless they are satisfied that they give a true and lairmew of ihe state of attairs of the charitable company and of the incoming resources and application of resources, including the income and expendituie. ol thè charitable company lor that period. In preparin8 these financlal stèt8mÈnt$. the rrustees ale requirÈd to.. • select suitable accounting policies and then apply them consistently., Observe the methods and principlas in the Charities SORP 2019 IFRS 7021.. make judgments and èc¢ountingestimates that are reasonable and Prudent., state whether applitable UK accounting standards have been followed- prepare the financial statements on the going concein basis unless it 1$ inappropriate to presume that the charitable company will continue in operation. The Trust8es are responsible for keeping adequate accounting Tecords that are suffi¢l*nt to show and explain the hafitable company's transactions and di$¢lo$e with reasonable aeeuracy at any time the financial Posliion ot the charitable company Bnd enable them to ensure that the financial $t8ternents comply with the Comp8ni8$ Act 2006. They are also responsible lor safeguarding the assets ol the charitable company and hence tor taking reasonable sieps for the prevention and detection of ff8ud and tstheT irregularities. Disclosure of Informallon to auditor5 E8¢h of the persons who are Trustees atthe li￿9 when this Trustees, report is approved has confirmed that.. • solar 88thatTrustee 18 aware, there is no relevant8udit Infomihtion olwhich the charitable company's auditors 8r8 unaware, and that Trustee has 18k8n all the steps that ought to have bean taken as a Trustee in order to be aware of any rÈ18Vallt audit information and to establish that the charitable company's aLFiJitgr8 are aware of that information. Approven8ibiliiie8. Outlined above. to detect material misstatements in respect of i¥regL*Larities. including fraud. The extent to which our procedures are ¢apable ot detecting irregularities, including fraud is det8iled below.. the 8nga8ement portner ensured that the engagement team collectively had the oppropriate competence, apabilitles and skills to Identty or recognize non-compliance with applicable laws and regulalions: we idenlilie(J the laws and regulations applicable to the company thiough discussion$ vvith dirè¢tors and other management, and Irom our knowledge Bnd experience: we focused on the specifie laws Bnd regulations which we considered may have J d1￿ct m8terial èflect on the financial statements or operations otthe company; we assessed the 6Xtent of compliance with the laws and regulations Identified above through making enquifies ol management 8nd inspecting lègal correspondence where Jpplicable- and identified laws and regulations were communicated withln the audit team iegularly and the teom remained 81ert to instances ol non-compliance throLt8hout the audit. We assessed the susceptibility otthe company's financlal stateménts to m8terial misstatement, includingobt8ining an understandingol how fraud might OC¢LSf, by.. making enquilies of management antj Ihei¥ outsourced providers As to where they considered ther8 was susceptibilityto fraud, their knowledge of actU8L, suspected and alleged fraud,. and considering the internal controls in place to rnitigate risks of fraud and non-¢ompliance with 18ws and regutstions. To address the risk ol frgud through management blas and override ol Controls, we= pertormed analyiical procedures to identity ar7y L¢nusual or Ltnexpected relationships and tiansaetions., tested journal entries to identify unusualt¥ansactlon8', assessed whether judgemonts and 8ssumptitsrbS made in determining the aceountiTrg estimates were incsicative of potential bias.. and investigated the rationale behinij significant or unu3ualtransaction8. Page13 GOLD HILL BAPTIST CHURCH IA Cornpany Llmlted by Guarantee) INDEPENDENT AUDITORS. REPORTTOTHE MEMBERSOF GOLD HILL BAPTISTCHURCH ICONTINUEDI In r8sponse to thè risk of irregularities and non-compliance with laws and regulations. we designed proceduies ich Includod. but were not limited to: agreeing flnancial statement disclosures to underlying supporting documentation.. rtradingthe mlnutes ot meeiings of Ihose chafged with govdrnance., enquiiing of managemer>t as to actual and potential litigation and cl8ims; and reviewing relev8nt ¢orTespondence and legal contracts. Because of thè inherent limitations of an audit, there 18 a risk that wewiLL not detect 811 irregularities. includingthose 108ding to a rn8teiial misstaternent sn the financial statements or non-compliance with regulation. This risk Increases tha mo¥e that compliance wlth a law or regulation 15 removed Irom the avents and trans8clions rellected In the financial $tatemenis. as we will be less likelyto become 8vvare of Instances ol non-complianc8. The risk Is al$0 greater regarding irregulaiities occurring due to fraud rather than error, as Iraud involves intentlOn81 concealment, torgery. ¢oll*Jsion. omission or mrsrepresent8tion. A further description of our responsibilities foi the aLtdit of the tinanei8l statem&ntS 18 located on the Financial Reporting Council's website at.. www.Ir¢.or8.Ltkloudttorsresponsibilities. This description forms part of our Auditors, Report. Use ol our rèport This raport Is made solely to the charitable companvs mèmbers. as a body, in accordance wlth Chapter3 01 Part 16 of ihe Companies Act 2006_ Our audit work has been undertaken so thatwe might state to the eharitable eompany's member$those matters we are requlred to srBte tothem in èAAuditors' Report andfor no other purpose. Tothe fullest extent peimitted bylaw. we do not accepi or35sume responsibilityto anyone otherthan the charitable company and it8 members. as a body. lor our audit work. for thls report, or for the opinions we have lormed. Andrew Rodzynski FCA (Senlor Siaiutory Audjtorl For and on bohalf of Wenn Town$end Statutory AudTrtor 30 St Glles Oxford OX13LE Dot•: 22 October 2025 Pag8 14 GOLD HILL BAPTIST CHURCH IA Company Limlt¢d by Guarantee) STATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED31 MARCH 2025 UnTestrlct8d funds 2025 R8strl¢tod funds 2025 Total funds 2025 rotal fvnds 2024 Note Incom# from: Donations and legacies 507.034 336.328 842.362 1.321.431 Chafitable actNlties 39.313 39.313 35, 150 Investments 2,919 9.584 12.503 Other income 44.533 44.533 41.167 Tot•1 In¢ome $93.799 344.912 938.711 1.406.425 Expenditure on- Charitabte activities 670.258 303.087 973.345 947. 128 Total expendlturo 670.258 303.087 973.345 947, 128 Net lncomingii0utgoln￿ resourcey before transfgr$ 176.459) 41.825 134.6341 459.297 TrBnsfei$ between funds 19 30,293 130.2931 Net movement In funds 146.1661 11,532 134.6341 459,297 Reconclllatlon of tund¥: Total lunds brought forward 3.649.811 4.572,858 8.222.669 7,763,372 Totalfunds carfled forward 3.603,645 4.584.390 8.188,035 8,222,669 The Statement ol Financial Activities includes all gains and 105ses recognis8d In th8 year. The notes on page8 19 to 36 torm part of these financial statements. Page15 GOLD HILL BAPTISTCHURCH IA Company Limlted by Guarantèe) BALANCE SHE AS AT 31 MARCH 2025 2025 2024 Note Fixed assots Tangible assets 14 9.623.776 8.951, 118 Investments 9.623,776 8.951. 119 Current 8$$¢ts Debtors 16 102,724 752.872 Cash at bank and In hand 469.667 924, 736 572.391 7,077,608 Creditors fAlllng within one year Net curront 8s$*t3 17 (565.4431 (690.4173 387. 197 Tot81 as8èt¥ l¢$s current liablLltI•¥ 9.630,724 9.338.316 CrBditors fallingdue after more than or*e year 18 11.442,6891 {7,115,647) Total net assets 8.188,035 8,222,669 Charity funds Restricted funds 19 4.584.390 4.572,858 Unrestricted funds Designated funds 19 3.460.056 3.547.579 General lunds 19 143.590 702.292 Total unrestricted funds 3,603,645 3,649,811 Totalfunds .188.035 8.222.669 Page16 GOLD HILL 8APTISTCHURCH IA Company Llmlt•d by Guarantee) BALANCE SHEETicoNnNUEDI AS AT31 MARCH 2025 The tinancial statements have be$n prepared in accordancè Wih the special prO￿$tOn5 of part 15 of the Companies Act 2006 relating to small companitss. These tinanclal stotements were approved by the board on23septembèr 2025 and were slgned on their behalf by.. Reve (Trus Datè.. siephen james Walker-willlams Mark Rayner (Trustee) 23 202S The notes on pages 19 to 36 lorm part ofthese financlAI st8tements. Page17 GOLD HILLBAPTISTCHURCH IA Company Limitgd by Guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Note Co$h flows from opgratlng 8ctlvbtl•s Net Cash provided byllused in) operating activities 21 103.868 673,892 Cash flows from Investlng a¢tlvltl*8 Dividends, interest and rents from invesiments 12,503 8.683 Purchase ol tangible fixed assets 1886.691) 117.260) Net cash provlded byllused inl Invostlng•cti¥ttie3 1874,188) (8,5TAJ C8$h flow¥ from financing a¢￿vItIES Cash flows from new borrowing 440,000 149.000 Repayments ot borrowing 1124.749} 1438.4241 Net cash provhled byllu$od in)financlngactlvltl•s 315,251 1289,424J Change in cash and cAsh ¢quiv8lents in the year 1455,0691 375,891 C8sh and cash equivalents atthe beginning ol the year 924,738 548,845 Cash and ¢8sh equlval•nt$ ai the end of the year 22 469.667 924,736 Page18 GOID HILL BAPTIST CHURCH IA Cornpany Limited by Guarante0} NOTES TOTHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1, General Intorm#tlon Gold Hill Baptist Church 15 a Cofporate Charity lirnited bygLtarantea, Incorporated in England bnd Wale$. Registered Number.. 08043770 Its principal office 1$ 8tThe Hub, Church Lane, Challont St Peter, Buckin8hamshiie. SL9 9RF. Engtan(t. All financial figuré$ are reported in UK pounds Sterling. rounded to the ne8re8t pound. 2. Accountlng polfcl•$ 2.1. Basls of preparation of financial stètements The financial statements hav6 been prepared in accordance with the Charities SORP 2019 IFRS 1021 Accounting and Reporting by Charities: Statement of Aecommended Practice opplicable to oharities preparing their accounts in accordance with the Fin8n¢ial Reporting Standard applicable In the UK bnd Republic of Ireland IFRS 7021 lettective 1 larluary 20191. the Finaneibl Reporting Standard appli¢abL8 in the UK and Republic of IrelBnd IFRS 1021 and the Compgnies Act 2008. Gold Hill Baptist Church meets the deftnition of 8 pvbl4c benefit entity under FRS 102. Assets and liablliligs are initially iecognised at historical cost or transaction value unless otherwise stated in tha 18lev8nt accounting policy. 2.2. Golngconcern After making appropfl8te enquiries, the Trust8e8 have a reasonable expectati(Fn that the Company has adequ8te resources to continue in opgrational existence for thè foreseeable future. For this reason. they ontinue to adopt the going concern basis in p¥eparin8the financial statements. 2.3. Inoome All income 18 recognised once the Corr>p8ny has entitlement to the income. it is probable thatthe in¢ome will be received and the amount of income receivable can bo moasured reliably. The recognition ol income from legacies is d¢pendent on establishing enlitlement. the probabllity ol receipt and the abilityto estimate with sufficient accuracy the amount receivable. Evidence of entlllement to 8 legacy exists when the Company ha8 sufficient evidence that 8 gtft has been left to thom Ithyough knowledge of the èxistence of a valld will and rhe dè8th of the benefactorl an(t the exècutoris saiistied that the property in question will not be requlred to $8tisfy claims in the estate. Rec8lPt of 8 legacy must bè recognised when it is probable that it will be received and the fair value ot the amount receiv8bl8, which will generally be the exp8¢ted cash amount to be distrlbuted to the Company, Can be reliBbly measuted. Gifts in klnd donated fof distributlon are in¢luded at valuation and lecognised as in¢ome when thay are distfibuted to the projects. Gifts donated for resale are included as income when they are sold. Wherethe (Sonated good Is a fixed asset, it is measured atfairv81ue, unless it is Impracticalto measure this reliably, in which Case the cost ol the item to ihe donor should be used. The ga¥n is r&cognised as Income from donatior¢s and a corresponding amount is Includecl in the appropriate fixed asset class and depreciated overthe useful economic life In accordance with the Companys accountlng policies. Pago19 GOLD HILL BAPTIST CHURCH IA Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED31 MARCH 2025 2. AccounllngpoUcl8s (eontlnueill 2.3 Incom• {contlny¢dl On receipt, donated profe$8ional seTvices and facilltles are recognised on the basis of the value of the gift to the Company which is the amount it would have been willing to pay to obtain services or facilities ot equlv818nt economic benefit on the open market., a corresponding amount is then recognised in expenditure in the period of receipt. ncome tax iecover&ble in relation to investment income is recognised at the time the investment income is receivable. Other income is recognised in the period in which It IS feceivable and to the axtent the goods have been providèd or on completion of the sewic8. 2A. Expenditure Expenditure is recognlsèd once there is a legal of conStruct￿e obtigation to transfer economic benefitto a third party, It is probable that a transfèr of economic benefitswill be requ5red in settlernent and the amount of the obligation can be m&8$ured reliably. The Church has one 8¢tivity andthereforethere Is no$plit based on activity- Expendlturè on eharitable activrtles is Incurred on direclly undenaking ihe 8USvitl#s which further the Company's objectives, asw¢ll as any 8ssociated support costs. Central support costs have been èlloc8ted on the basis of resources used Bnd have been apportitsned to the costs of the Chur¢h activities and to govern8n¢& Costs. Governance cost8 compr1$8 allcosts 1&18tingtothe public accountsbilityof the Church and itscompli8nc8 with Tegulations and good pr8¢tice. These costs include cost$ reL8tingio the statutory audit. Grants payable Ère charged in the year when the offer is made except in those cases where the offer is conditional. such grants being recognis¢d as expenditLsre when the conditions attaching are fulftiied. Grants ollered subject to conditionswhich have not been met ai the year-end are noted as a cornmitment, but not accrued as expenditLtre. All expenditure is inclusive of irreeoverable VAT. 2.5. Inlewegt receivable Interest on funds held on deposit is included whon reeèwable 8nd the amount can be mtrasurod reliobly by Company; this is normally upon notification of the interest pald 01 payablg by the insiitutlon with whom the funds are deptssit8d. 2.6. Taxatlon The Company is considered to pass the test$ $Ot out in Paragraph I Schedule 6 of th8 Finance Act 2010 and th8reloTe itmeets the definltion ora charitableoompanyfor UKcoiporationtaxpurposes. Accordingly. the Company is potèntially exempt from taxation in respeci tsf Income or capital gains recèived within categorles ctsvered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 01 the Taxation ol Chargeable Gains Act 1992, to the exttrnt that such income or gains are applied exclusively to charitablè purposes. Page 20 GOLD HILLBAPTISTCHURCH IA Company Limited by Guaranteol NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAA ENDED 31 MARCH 2025 2. AccountSng poUclé$ leontinuedl 2.7. TAngible flxttd 838ets and depreci8tFon Tangible fixed assets costing £1,000 or more are capitalised and fecognised when future economic benefits are probable and the cost or value of the asset can be measurèd reliably. Tanglble lixed assets aTe iftitially recognised at cost. After recognition. under the cost model. tangibl8 lixe¢J assets are measurèd at cost less accumulatod dopi8ciation and any accumulated impairment losses. Depreciation is not charged on freehold Land. All costs incurred to bring 8 tanwble fixed asset into Its Intended working Condit￿On are included in the measurement of cost. Depreciation is charged so 88 to allocate the costof tangible fixed assets less theirre8idualvalue overtheir estimaièd useful lives. AesiiYenti3lfreehold propèrty is not depreciated as the property is well maintained. and mark8tvalu8s 8re readily available to support the opinion of the Trustees that the value of the property is not reducing. Depreciation 1$ provided on the followlng bases-. Residential freehold property 0% Straight line method Otherfréehold property- Land Other fr8ehoLd property- Builcling Other freehold p¥operty- Equipment Motor vehlclè$ 0% Stlaight line mathod 2% Straight line method 4% Straight (ine method 20% Reducing balance m8thod 10% Reducing balance method IO% Straight line method Ftxturos 8nd fittings- Furniture Fixtures and fittings- Kitchen equipment Fixtures and littings-AV equipment Computer equipment OIIic8 equipment 15% Rgducing balance method 20% Stiaight line mèthod 15¢h Straighi line method 2.8. Investments Fixed asset Investments are 8 form of financial instrLtment and ¥re initially recogniged 8t theirtrafisaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be me88ured reliably in which case It is me8$ured at cost less impaiiment. Investment gains and 10s$8s. whether realised or unr$81is8d. are combined and presented 88'G8ins/lLossesl on Investments. in the Statement of Fin8ncialActivities. Inveslments in subsidiaries are valued 8t Cost less provision for impalrment. Page 21 GOLD HILL BAPTISTCHURCH IA Company LimFted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 L Accountlng pollel•$ Iconllnuedl 2.9. Dèbtors Trade and otheT debtor$ are recognised atthe settlement amount after any discouni offered. Prepayments Bre valued 8t the amount prepaid net of 8ny trade discounts due. 2.10. C•$h #t bank and In hand Cash at bank and in h8nd includes cash and short-teim highly liquid investments with a short maturity of Ihree months or less from the daté of acqutrsitior5 or opening ol the deposit of similaraccouni. 2.11. Liabilities and provtrsion$ Liabilities are re¢ognised when there is an obligation at the Balance Sheet datè as a result of a past event, it is prob8ble that a transler of economic benefit will be required in Settlement. and the amount of the settlement can be estimated reliably. Liabilities arè r8eognised at the amount thai the Comp8ny 8nticipates it will pBy IO settle the debt or the amount it has received as advanced payment8 forthe goods or servlces it must Fkrovide. Pr¢)visions are m6asurèd 8t the best estimate ol the amounts iequired to settle the obligation. Where the effect of the time value of money is material, the provision is based on the presentvÈltse of Ihose &mounts. dlscountpd at the pre-tax discount 18te that refle¢ts the risks specitic to the liability. The unwinding of the discount is recognised in the State￿ent of Financial Activities as • tinan¢e cost. 2.12. Flnanclal Instrumonts The Company only has linancial assets frnanel81 Ilabilities ol a kind that qualty a$ basic financial Instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loan5 which are subsequently measured at amortl$ed cost U3ing the effective Interest method. 2.13. Operoting leases Rentals paid Ijnder operating leases are chafged to the Statement ol Fin8ncial Activities on a stralght-line basis over the lease term. 2.14. Pension¥ The Company opeFatès d8fin8d contribution pension schemes and the pènsion charge rep¥es•nts the amounts payablè bythe Company to the funds in respect ofth$ year. The Cornpany has Stakeholder Pension Scheme$ and relevant staff are offered contributions to personal pènsions within three months of starting servi¢e. which are accounted for as they f811 dye. The penslon charge reprasènts Ihe amount8 payable by the Companyto the funds in respect ol the year. Page 22 GOLD HILLBAPTISTCHURCH IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2. AG¢ountlng pollcl8s lcontlnugdl 2.15. Fund Accountlng General funcls are unrestrl¢ted funds which are av8it8ble for use at the discretion ol the Tiustees in lurtherance ol the general objectives ot the Company and which hsve not been designated tOT Other purpose8. Dgsignated tunds compris8 unrestricted funds that h3ve been set asidé by the Trustees lor particular purposes. The 8im and use ol each de5ignat8d fund is set out In the notes to the financial statements. Rest¥icted lunds are funds which 8¥e to be used in accordance with specific rÈsiiictions imposed by donors or which have b8en raised by the Company for particular purposes. The costs of raising and administering such fijnds are charged sgain$t the specrfic fund. The aim and use of each resiricied fvnd is sat out in the notes to the financial statements. Investment income, galns and losses are allocated to the appropriate fund. 3. Critical accounting ?stlmates and 8r8as of ludgoment Estimates 8nd judgments are continually evaluated and are bbsed on historical experience and other factors, including expectations ol future evenis that are believèd to be reasonable under the circumstances. Critical accounting ostimjtes 8nd assLtmptions'. The Company makes estimates and assumptions concerning ihe fvture. The resulting accounting estimates assumptions will. by definition. seldom equal the related actual results. The e5tim3tes and assumption5 thjt have a significant ri$k of causing a material adjustment to the carrying amounts of assets and Ilabilities within the next financial ye8r are discussed below. Critic818reas of judgment.. Tangible fixed assets are depreciated over their useful Lives taking into account residual values whore appropriate. The actual lives of the assets 8n(J residu81 values are assessèd annually and may vary depending on a number ol factors. In re-assessing the asset lives, factors such as technological innovation, pioduct life cycles and mainten8nce programmes are taken intts 8ccount. Residual values consider future market condrtions. the rematning life ol the assèt and projected disposal valLses. Page 23 GOLD HILL BAPTIST CHURCH {A Company Limited by Guor•nteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 202$ Incomefrom donatlons and legacles Unrestrlctèd funds 2025 Restricted funds 2025 TotèL lunds 2025 Analysls of donatlons General Fur*d (via Gold Hlll Church Trust) General Fund (received direcll Use of Hub Facilities Hub Heart Home IHHHI Manse FLtnd Fellowship Fund Mi$$ion Fund Other 456.394 15.329 19.622 456,394 15.329 19,622 138.937 140.311 5.566 11.299 54.904 138.937 140,311 11,299 39,215 15.6B9 $07,034 335,328 842,362 LegacSes Total 2025 507.034 33S.328 842.362 Unrestricted rund$ 2024 Restricred funds 2024 Tot81 funds 2024 Analysls of don•tlon General Fund (V￿ GoldHill Church Trust) General Fund Irecewed dire¢tJ Use of Hub FacAlities Hub HesrtHome (HHH) Manse Fund Fellowship Fund Misslon Fund Other 445.443 27.530 16, 126 445.443 21.530 16. 126 461.624 304,892 20.464 4,092 37.260 461,624 304,892 20,464 4.092 27.933 15.327 498.426 7,500 813,005 2.500 1,371,437 10,000 Legacies Totsl 2024 505.926 815.505 1,321.431 Page 24 GOLD HILL BAPTISTCHURCH IACgmpany Umlt?d by Guar•nteel NOTES TOTHE FINANCIAL STATEMENTS FOR THEYEARENDED31 MARCH2025 Incomefrom chèrltabl¢ activities Unrostrletgd lunds 2025 Totsl Unrestricted funds lunds 2025 2024 Tot81 funds 2024 Use of Premises Card Sales 39.313 39,313 35.075 75 35,075 75 39￿13 39.313 35. 150 35, 150 Investment income Unro$trlcted funds 2025 Rostrlct•d tunds 2025 Total lund8 2025 Bank intere 2.919 12.503 Unrestrffcted fL(nd$ 2024 Resrricted funds 2024 Tot81 fvnLIs 2024 B8nk1nte￿5I 922 7,767 8.683 Other incoming resources Unr6$trlrtod nd# 2025 Total Unrèstricted funds fvnds 2025 2024 rot81 funds 2024 Children and youth Èncome Unique knke You Ministries Other income 19,831 10.290 14,412 44,533 19,831 10,290 14,412 15.778 4.587 20,802 15,rn 4.581 20.802 44.533 41,161 41.767 Page 25 GOLD HILL BAPTISTCHURCH IA Company Llmlted by Guarante•l NOTESTOTHE FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 MARCH2025 Analysis of grant¥ Total funds 2025 Total fvftds 2024 Grants 2025 Grants 2024 An8lys13 of yants glven Global Mission Fellowship Ftjnd 91.647 40.20B 91.647 40,208 131.855 91,516 15.799 91.516 15,795 107,31S 131,855 707,315 Analy$ls of gxpenditure on charEtabl¢ activitles Unr•stricted funds 2025 Restrletéd lunds 2025 Tolal fund$ 2025 Summary by fund type Global Mission and Gold Hill Ministries 670,258 303,087 973,345 2024 2024 2024 GlobBI fvllssion 8nd Gold Hill Ministries 660.272 286.856 947, 128 Summary by •xpendlture type Staff cost3 2025 Other oosts 2025 Total 2025 Global Mission and Gold HILI Ministries 251.006 722.339 973,345 2024 2024 2024 Globthl Mission and GoldHIll Ministries 225.636 721.492 947. 728 Summary byAclivity tivities und8rt¥ken dlrectly 2025 GrBnt fundlrbg of activities 2025 Support costs Total 2025 2025 Global Ml$$ion and Gold Hill Ministii&$ 173,174 131.85S 668,316 973,345 2024 2024 2024 2024 Global Mission and GoldHill Minisrries 154. 126 107,375 685,687 947.128 Page 26 GOLD HILL BAPTIST CHURCH (A Company Limlted by Guarant8•) NOTES TO TrFE FINANCIALSTATEMENTS FOR THEYEAR ENDED31 MARCH 2025 10. Analy813 of expenditure by aetivities Tot81 Total funds ltsnds 2025 2024 Analysis of dlrect costs Church maintenance Heat and light Water rai8$ Children and yO￿h Oulreach MiRistry expenses Worship Support and events Visiting spe3kers Training costs Expenditure on books and ¢ards 54,334 34.308 1.797 25,618 23.828 17.912 11,203 2.822 1,352 52,038 35.572 7.721 7 7,880 75.442 17.111 9.370 7.854 2,763 975 173,174 154, 726 Analysls of $upport C08ts Stall costs Other staff costs Prlnting, postage, stationery and telephone Computer supplies Subscriptions Insurance Bank charges Depreelation Miscellaneous Minibus expenses Unique Like You Minlstries Loan interest payments Ministry expenses Le8al and professior581188S Gran15 and donations Gov8rn8nce costs 251.006 19,082 7,589 17,553 4,039 10.504 956 214,032 6,SS9 225.636 20.633 10.620 78.497 3.666 9.999 7.792 220,811 5.756 1,553 5.592 109.385 473 13.374 19.174 19.386 101.243 40 1.437 13.967 12.720 688,316 685.687 P8g$ 27 GOLD HILLBAPTISTCHUACH IA Company Limited by Guarant8•1 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 11. Audiiors. remuneration Total funds 2025 Total funds 2024 F885 payable to the Company's auditor 12.720 19.386 12. Staff costs Total funds 2025 Tot81 lund$ 2024 Wage5 and salaries Social security ¢OSt3 Contributions to defined contributlon pension schemes 215.998 13,$29 195.243 11,648 21.479 18,745 251,006 225.636 The aver8ge number of persons employed by the company duringthe year was as follows.. 2025 No. 2024 No. Average number of Staff 11 The average headcount 8xpressed as full-time equivalents was.. Full time equlvaleni No employ888 received remuneratlon amounting to more than £60.000 in eitheryear. During Ihe year the key management personnel team. formed of the staff ol elders, were paid total ¥emuner8tion of £107,94712024.. £102.6891. Du¥ing the year the company made e¥-gratia paymènt$ totalling £6,750 12024-. £1,500) to 4 employee3 12024.. 1 en7ployeel. 13. Trustees, rèmun$r•iion and expenses During the y98r. no Trustees received 8ny femuneTation or other benèftts for their work Bs a Trustee12024: £Nill. Duringthe year ended 31 March 2025. no Tiusteg expenses have been in¢urred12024'. £NIII. Page 28 GOLD HILL BAPTIST CHURCH IA Company Limlted by Gu8r8ntee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 14. Tanglbl# flxéd J$¥et R¢$ldentlal FrÈehoLd propgrty Other Freehold property Fixtures and Offlcè fittings equlpment MotQE v8hlelès Computer èqulpment Total Cost At 1 April 2024 Additions 9.094.926 17.151 350.309 21.138 25.971 9.509.495 886.691 25,971 10.396.186 88G,691 886,691 At 31 March 2025 9,094926 17,151 350.309 21,138 Depreciation At 1 April 2024 Charge forthe year 429,732 172,475 6.174 2.196 95.$70 33.392 7,927 3,171 11,098 18.974 2.799 558,377 274,033 At 31 March 2025 602.207 8.370 128.962 21.773 772.410 Nat bookvAlue At 31 March 2025 886,691 8,492,719 8,781 221.347 10,040 4.198 9.623.776 At31 M&r¢h 2024 8.665.794 10,977 254.739 13,211 6,997 8.957.178 15. Flx$d g$$¢t Snv08tment8 Investments In subsldiary companies Cost or valuatlon At 1 April 2024 Disposal in year At 31 March 2025 Unique Like You Limited Icompany number 095883131 was a 100% owned subsidl8ry, which remained dormant throughout the period from incorporation until il wa5 dissolved on 2 july 2024. 16. D•btor$ 2025 2024 Du• wlthln one year Trade debtors Other debtors Prepayments and accrued Income 4,786 90.941 7.017 6.274 134,800 17.798 102,724 752.872 Page 29 GOLD HILLBAPTISTCHURCH IA Company Limite(I by Guarantee) NOTES TOTHE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 MARCH 2025 17. Credltory: Amounts falling duewithin one year 2025 2024 Other loans Trad8 creditors Other taxation and social security Other creditors Accruals and deterre(t Income 431.273 443.064 16,316 4.533 201,071 25,427 4,104 95.326 25.050 565.443 690,47 1 Other loans Included withirb Other loans is É66.931 12024.. £56,064> ¢Jue to the 88Ptist Union Corpoiatlon on a 108n lorihe Hub. and E13.34212024'. Énill on a loan for the Manse. See lurther disclosure in not8 18. Other loans Blso include loans to the sum of £351,00012024.. £387,000). These hBve been PfOViLted by Church members to facilitaie the purchase of the M8nse 12025: É100.000 - 2024.- £100,000) and the purchase and build ol Thè Hub, Church Lane12025'. £2S1.000- 2024.. £287.0001. Oth8r cr•ditor$ Included in other crgditors is a sum of £94.60312024'. £194.9361 held as retention lunds on the building ol The Hub. Remedial costs of £100,333 incurred in the ye8r12024.. £Nill have been offset agalnst th8 retention held. The original retfrntlon amount of £160,386 may be pursued by the contractor's appointed insolv8ncy practitionar and thgrefore in th8 opinion of the Trustee5 r8m8ins a potentlBI future ¢o$t as atthe balance Sheet d8te. 18. Credltors: Amoynt$ falling due after more than one ye8r 2025 2024 Othèr loans 1.442.689 1.115.647 Oth•r Loans As at the year end the Company had a 108n with the Bapti￿ Union Cortioration lor the purchase 8nd build of the Hub. At the yèar end this was repayable ov81 15 years from Decambèr 2021 at a variable rate with QUTrent monthly p8yments ol £10.64712024.' £12,077). This Baptl8t Union loan is secured by a fixed charge over the Ireehold property owned by the Company, The Hub. Churth Lane, Challont St Peter. Amounts falling due 8ft81 more than one year are £1,021,142 12024: £1.115.6471, ol which amounts due in over 5 years by instalment are £711,65512024.' £842.8141. As at the year enij the Lompany had B loan with the Y8ptist Union Loyporation tor the purchase tn8 Manse. At tne year end thls was repayable over 20 years Irtsm August 2024 at a Variable Tate wsth current monthly payments 01 £3.167 12024.. £Nill. This Baptl8t Union loan Is sécured by a fixed charge over the freehold property owned by the Company. 18 AustènwoLFd Close, Chalfont St Peter. Amounts falling due after more than one year art £421,54812024.. £NiLI. of which amounts due in over 5 years by instalment are £359.89512024.' £Nill. Page 30 GOLD HILLBAPTISTCHURCH IA Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 19. Statement of lunds Currgnt year BaLane¢ at 1 April 2024 Batan¢e at 31 MaTch 2025 Transfers Inlloutl Incom8 Exponditure Unrestricted tund8 Doslgnated tunds Property Fund Bre2dhovsg Loan Fund Mission Fund Ipartl Fellowship Fund Ipartl Other Designated Gift$ 3.502.322 29.250 2,S01 7,356 (82.0911 3.420.231 24.250 2,500 7,356 5.718 15,01)01 87,147 (87,1481 3.483 17,9471 1177.1861 4,092 3.547,519 3,483 86.239 3.460.055 General Fund 102,292 590.316 {493.0721 (55.9461 143,590 Totsl UnrestrSeted funds 3.649.811 593.799 1670.2581 30.293 3.803.645 Re8tricted tunds Hub He8rt Home Manse Fund Mission Fund Ipartl Fellowship Fund Ipart) Minibus Asset Fund Other Restricted Gifts 4.124,001 328.915 4.437 46.235 10.977 58,293 143.824 14S,008 11.299 5.566 1210.4591 121,8231 14.4991 140,2081 12,1951 {23,9031 1303.0871 4.057,366 452.100 11.237 11,593 8.782 43.312 39,215 130,2931 130,293} 4,572,858 344.912 4,584.390 Totsl otfunds 8,222.669 938,711 1973,3451 ,188.035 Page 31 GOLD HILLBAPTISTCHURCH IA Company Llmited by Guar•ntee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 19. Statement of lund5 Icontinuedl Restrlct•¢J fund8 The Hub H88rt Home Fund repr¢sents the net book v81ue of ihe Hub property. net ol related loans. to the extent thatthis has been funded by restriele¢J donations. Thè Mansg Fund repiosents donations received toi the purchase ol the Manse property, net of related loan3. The Minibv3 Asset Fund represents the net book value of the minibus which has been funded by restri¢ted dongtions. Addiiional restricted donations tor the running costs ol the minibus are included Mthin Other Restricted Grfts. Other Restricted Gifts represent donations rèceived for specific purpD$es. which have not yet been fully spent. Dè$lgn8t¢d lund8 The Property Fund r8pr8sents the net btsok value of the Hub property laxcluding amounis in the Hub Heart Home resirlcted lundl included in the balance sheei, thereby identifying funds not available lor other purposes of the Church. The Breadhouse Loan Fund represents the outstanding monies duè fiom Gold Hill (Bread House) Limited which are not currently 8v8ilable for other purposes of the Church. Other Designated Gifts represent donations orlggacies recei￿￿ whi¢h have been designated bythe Trustees for specific purposes. which havè not yet been lully spènt. Fellowshlp fund The Fellowship Fund accounts for donatlons given to assist individuals in need and is funded from both restricted and designated funds. M1¥81on tund The Mission Fund accounts lor monles admlni$ter&d by the Cross CuLtur81 Te8m to be distributed for the support of missions &nd mission work. Primarily overseas. The restricted part of the fund reflects monies donated for a particular mission work. Transf•r$ In the year During the year the Trustees rtrcèived approval from the Charity Commission to reclas9ify £26.776 previously reported as Other Restiicted Gifts into unlestricted reserves. 8S the amount arost many years ago and the nature ot the Original festriction could not be sscertained. A lurther £3.517 has been reclassified in the year Irom Other Restricted Grfts into Other Designated Gifts with the consent ofthe donor. Page 32 GOLD HILL BAPTISTCHURCH (Acompany Llmlted by Guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 19. Statement of funds {continuedl Prlor y*ar Balance at 7 April 2023 Balance at 37 M8rch 2024 Tr8nsfers in/{out} Income Expendifure Unrestrl¢t•d fvnds De8lgn•ted funds Property Fund Breadhouse Loan Fund Mission Fund Ipartl Fellowshtp Fund Ipartl Other Designated Gifts 3.585,889 183.56 3.502.322 29,250 2.501 7.356 6.090 29.250 76.275 2.522 11.566} 706,481 12,800 4.834 71,933 186,57dJ 3.660 f7,937J f178,0781 3.615.456 3,660 3.547.519 General Fund 92.262 579,499 1482. 794) (87,275) 102,292 Total Unrestrlcted funds 3.707,718 583. 159 {660,272) 79.206 3,649,817 R*stri¢ted lunds Hub Heart Home M8nse Fund Mission Fund Ipartl Fellowship Fund Ipartl Minibus A$$et Fund Oth81 Reslricted Gifts 3.974.467 20.750 5.287 41,571 13.727 59.864 468.603 308. 774 4.092 20,a64 (248,391J {10,672} 4, 124,001 328,915 4,437 46.235 70.977 58.293 {4.942J (75.800J 12,744) 114.970) 1286.856) 21,933 18.534) 119.206) 4,055,654 823,266 4.572.858 Tot41 of funds 7.763.372 Y.406.425 (947. 728) 5.222,669 20. AnALy$l¥ of net assets between funds Curr•ntyear Unrestrlcted funds 2025 Restricted funds 2025 Total funds 2025 Tangible fixed assets Fixed asset investments Current assets Credrtors due w4thin one yea¥ Creditors due In more than one year Total 3.424,428 6.199.348 9,623.776 218.689 139.4721 353,702 1525,971) 11.442.689) 4,$84,390 572,391 1565.4431 11,442.6891 8,188.035 3.£03.645 P8g¢ 33 GOLD HILL BAPTISTCHURCH IA Company Limited by Guarant¢¢) NOTES TO THE FINANCIALSTATEMENTS FOR THEYEAR ENDED31 MARCH 2025 20. Analysls of not assets betwèen funds loontlnu¢dl Prior year Unrestricted funds 2024 Restricted funds 2024 rot81 funds 2024 Tanglble flxed assets Fixed asset investmer¢ts CL*rrent assets Creditors due within one year Creditors due in more than one year Total 3.509.321 5.441.797 8,951, 118 192.900 152.411) 884,708 (638.OOOJ (1, 7 15.647) 4.572.858 7.077.608 (690,417) 11.115,647) 8,222,669 3.649,87 1 21. Ro¢onclllatSon of nat movement Sn fund$ to net cash flow Irom operating actlvltl•s 2025 2024 Net incomelexpendrture for the year 134.634} 459.297 Adjustments for. Depreciation charges Dividends. interest and rents from investments Decreasellincieasel in stocks Decreasellincreasel in debtors Incie8selldecreasel in creditors Nèt Cash provided byllusod inl operatingactlvitiès 214,034 1115031 220.807 18.683) 915 (3.798) 5.354 50.148 {113.1TI) 103,868 673.892 22. AnalyJi$ of ¢4sh and cash èqulv•lent8 20>5 2024 C88h in hand Notice deposits (less than 3 months) Tth81 ¢48h and cash equlvalgnt8 186.790 282,877 469,667 350,373 574.363 924.736 23. Analys1$ ot¢han8es In net dèbt At 1 April 2024 At 31 March 2025 Ca8hflows Cash at bank and in hand Debt due within 1 year Debt due after l year 924,736 {443,0641 {1,115.647) 1633,975) 1455,0691 11,791 1327,0421 1770,3201 469.667 1431.2731 11,442.6891 11.404,295) Page 34 GOLD HILLBAPTISTCHUACH {A Company Limlted by Guarantee} NOTESTOTHE FINANCIAL STATEMENTS FOR THE YEAR ENOEO 31 MARCH 202S Penslon commlthi¢nt8 The CompAny contributes to Individual's money purch8se pension schemes. The assets ol the schemes are héld separately Irom those of the Company in independently administored funds. The pension cost charge represents contiibutions payable by thè Company to the funds and amounted to £21,47912024'. £18,745), All pension expenditure is unrestricted. Contributions totalling É78512024.. £2531 were payable to the lunds at the balan¢e sheet date and are Included in ¢iedrtors. Operatingleag• commitments At 31 March 2025 Ihè Company had commltments to make future miniwnvm lease payments under non. cancellable operating leases as follows: 2025 2024 Not later than l year Later than l year and not later than 5yegTs 1.987 1.822 1,987 3,809 5. 796 3,809 26. M¢mber8' liabltity Each member ol rhe ehaflt8ble company undertakes to contribute to the a88ets ol the Company in thg event of it being wound up while he/she Is a member. or within one yèAr after helshe ceases tg be a member, such srnount as may be required. not exceeding £1 foi thè debts and liabilllles ¢ONir8cted before helsh8 ceases to be a memb8T. P3ge 35 GOLD HILLBAPTISTCHURCH IA Company Limited by GuBr4nte•} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 27. Relat•d party Iransactions The Gold Hill Church Trust is a sep8iat8 charity established in 1966 to advance the Chrlstian Faith and 9xercise Christian charity by maklng grants to Gold Hill Baptist Church and others. The Church can exercise signifieant influence over the appointment of Trustees of the TTUSt but as part of the purpose of the Trust Was to provide a degree of independence for the donors to the Trust li is not thought appropriate io Consolidate the fin8nci81 statements of the Trust wilh tho$e of the Church. In practice most glving to Ihe Church is given via Ihe Trust. Income received from the Trust during the yeartotalled £757.26912024: £1,092,000). At Ihe year end theie is £65,79712024.. £96.8861 included within other debtors. being gifts and gift ald due to the Church. The Ch8lfonls Chrlstl8n Trust is a separate ch8rity e3tablished in 1985 to adv8nce the Christian Faith. The Church can exercise significant influence over the appoirbtment ol Tiustee5. The Church would ant&¢ip8te benefittingfrom any tuture sale 01 development of land owned bythe TfLlSt. Duringihe year the Church contributed £57512024: £3.5931 to legal ano othèr co8t8 relatingio the Trust. Gold Hlll IBrg8d House) Llmlted is a Separate company owned by the Chalfonts Chii$iian Tiust which has previoijsly run a coffee shop in The Market Place. Chalfont St. Peter. The Church has previously lent ILtnds to Gold Hill (Bread House) Limited to support the operation of the coffee shop. The loan is interest freè with no ser rep8ymeTrl d£le. At the year end a balance of £24.250 12024.. £29.2501 was due to the Church and includeil in other debtors. Gold Hlll Hou$ln¥ Assoclatlon is a 8ep8rate organisation established by a previous member of the Church. James Simmons is an Elder and part of the key management team of the Church. and 18 also the Chai¥m8n ol Trustees for Gold Hill Housing Association. Gold Hlll Care la pan of Gold Hill Housing Association) uses office space at the Hub. During the year Gold Hill Care paid donations ol £8.200 12024..£8,0001 to thè Church. and in additlon paid the Church £6.150 12024.. £6,000) for management support, É1,493 IE10,5711 lor administration support, £2.749 12024-. £2,5561 foi share ol account*ng softwa¥e cosis. and £20112024.. £2.9561 for other costs rech8rgèd. Amnos MlnSstrlo8 is a separate eompany and charity. stephen Walker-wlliiarns is a Trustee and part of the key management team of the Church, and is also Exéculive Director of Amnos Ministries. DuTing the year Anmo8 Ninistries paid the Church £6,098 12024.. £5.7461 lor management support. £2,20812024.. £niLI for admlnisiraiion support. and £2.69012024.. £2.2811 for other co$t8 recharged. At the year end £580 12024= £1,637) was due to the Church and Included in Irade debtors. 28. Controulng party There is no ultim81e controlling party. Page 36