QUORN BAPTIST CHURCH FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 JANUARY 2026
REGISTERED CHARITY NUMBER: 1148704
Cound & Co LLP Chartered Accountants 1 Princes Court Royal Way Loughborough Leics LE11 5XR Tel: 01509 214163
QUORN BAPTIST CHURCH
CONTENTS
Report of the Trustees Independent Examiner’s Report Receipts & Payments Account Statement of Assets and Liabilities Notes to the Accounts |
Page No |
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1 4 5 - 6 7 8 - 11 |
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QUORN BAPTIST CHURCH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2026
The trustees are pleased to present their report together with the financial statements for the year ended 31 January 2026.
Reference and Administrative Details
Charity Registration Number: 1148704
Principal Office: Quorn Baptist Church, Meeting Street, Quorn, Loughborough, LE12 8AQ Bankers: HSBC, 41 Market Place, Loughborough, LE11 3EJ Santander Bank, 63 Market St, Loughborough LE11 3ER: until September 2025, when this account was closed and the funds transferred to HSBC
Independent Examiner: Cound & Co LLP, 1 Princes Court, Royal Way, Loughborough LE11 5XR Custodian Trustees: East Midlands Baptist Trust Corporation, 129 Broadway, Didcot, OX11 8RT
Trustees:
The trustees during the year were:
Rev I Smith, Minister Miss G Clement, Secretary until the Annual General Meeting (AGM) on 1[st] May 2025 Dr A Leishman, elected as trustee and as Secretary at the AGM on 1[st] May 2025 Mr A Gibb, elected at the AGM on 1[st] May 2025 Dr C Shipway Mr P Vanlint Mrs H Andrews Dr D Bates, Treasurer Mrs J Lister
Objectives, Activities and Achievements
The principal purpose of the Church is the advancement of the Christian faith according to the principles of the Baptist denomination. The Church may also advance education and carry out other charitable purposes in the United Kingdom and/or other parts of the world.
Details of activities and achievements during 2025/2026 can be found in the Annual Report.
Structure, Governance and Management
The activities of the Church are governed by a trust deed, and a constitution adopted on 3 February 2012.
The Church is managed on a day-to-day basis by its Minister, Treasurer, Secretary and a number of Deacons. Apart from the Minister, the trustees and officers are elected as Deacons to be in office for three years. Elections take place at a Church members’ meeting, normally the AGM. Members may be nominated for election as trustees by a fellow member and seconded by two other members. Trustees are elected from among the nominations by means of a secret ballot of members.
There are four members’ meetings per annum at which the activities of the trustees may be scrutinised and where decisions may be taken which are beyond the trustees' expenditure authorisation limits.
The trustees have a staggered year for retirement or re-election, so that not all are replaced at the same time, allowing overlap and transfer of information to any newly elected trustees.
The Secretary and Treasurer (and the Minister and other Trustees) have the resources of the Baptist Union to keep them abreast of any changes made to charity-related as well as Church-related laws .
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QUORN BAPTIST CHURCH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2026
Financial Review
As for the past two years, the most significant financial issue for the church this year was the construction of a new building, which has been completed this year.
Income of £103,502 has been received in this financial year for the building project. Of this, the church has contributed offerings of approximately £95,000 including recovered gift aid.
Income for the building project also included a substantial and generous grant, detailed in the report, from the Hobson Charity, for which the church is most grateful. The remaining income for the project came from interest on savings and from the profit on the sale of some units of a designated fund for building repair. Proceeds from the sale of these units were also transferred to the new building fund.
As in the previous year, the estimated value of the manse has been included in the accounts, as a fixed asset. This has been done to show that the financial position of the church is strong, even with the liability of a loan of over £290,000 from the Baptist Building CIO.
Compared to the previous financial year, weekly ‘plate’ collections have declined by about £800. However, offerings paid directly into our bank account have increased by over £9,000, so regular church offerings overall have increased by over £8,000. This significant increase is due to increases in regular contributions from several members, together with generous one-off contributions. Gifts and donations, about £3,000, were very similar to the amount received in the previous year.
Gift aid of £16,448 was claimed on general church giving, and of £22,879 on donations for the new building. These claims were made on donations received in the previous financial year, i.e. between February 2024 and January 2025. For comparison, the gift aid claimed on donations in the financial year February 2023 to January 2024 were £16,498 on general church giving and £22,730 on donations for the new building.
However, it should be noted that the gift aid on donations made in the financial year February 2023 to January 2024 was partly reported in the year before it would normally have been, because claims on donations between February 2023 and October 2023 were made earlier than usual. Gift aid claims on donations made in the remainder of the year were made at the usual time. The two partial claims were added together to give the claims on donations for the full year, as quoted above.
In January 2026, the church made the first quarterly repayment on a loan of £290,343 from the Baptist Building CIO (BBCIO). This loan will be repaid over a period of ten years. Following these repayments, a further payment of 10% of the loan will be paid. Promised regular giving and lump sum payments from the church are sufficient to cover these repayments.
Spending on construction of the new building was £257,716 during the year.
As mentioned above, some of the costs associated with the new building were met from the church’s ‘Extraordinary Repair Fund’ which has been built up over a number of years with M & G Charifund. This spending covered additional drainage required for the new building and the repair of a stone wall, which had been damaged during preparations for construction of the building. Sufficient units of the fund were sold to meet these costs, and the sale yielded a profit of just over £300.
We continue to make regular savings in the Extraordinary Repair Fund, which we intend to use for further repairs and replacements of the church roofs.
The expenditure on Maintenance & Fabric (£8,255) includes the following (not itemised in the report): £2,747 to O Heap for issues related to fire safety, £1,711 of work done by an electrician and £1,827 on gardening.
Overall support from unrestricted funds for missionary and other Christian causes decreased by about £700, to £18,270. The decrease was mainly due to one cause which no longer required funding.
Restricted giving to mission and other causes decreased this year by about £120 to £2679.
The unrestricted funds show a surplus of £2,424.
In the previous year, a combination of low gift aid recovery and high spending on maintenance led to a deficit of £15,281. The
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QUORN BAPTIST CHURCH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2026
Financial Review (continued)
absence of these unusual adverse effects, together with a significant increase in giving by the church, has contributed to the improvement shown in this year’s figures.
The Church no longer needs accounts with two different banks, so our account with Santander was closed and the monies transferred to our account with HSBC.
The Trustees are satisfied with the current financial position.
Public Benefit
The Church provides Christian education at its weekly public meetings for worship, and public courses covering the basics of the Christian faith. The Minister and members of the congregation are also involved in the local primary school's assemblies, and religious education as well as providing spiritual comfort to the elderly in residential care. Members of the church also preach regularly in local churches which do not currently have a paid minister.
This year, the church has started a youth group, which meets weekly during term time and has about 20 young people (aged 11 to 16) attending regularly.
We continue to run ‘workshops’ for children from the local primary school: this year about 150 children from Years 1 and 2 (at Easter), and about 150 from Years 3 and 4 (at Christmas), were given entertaining and informative insight into these major Christian events – to very positive feedback! And Years 5 and 6 children attended workshops about “Moving On” through life with a solid foundation.
The Church provides the local community with a ‘First Steps’ group for toddlers and ‘Baby Steps’ group for pre-toddlers as well as activities for children and young people on Sundays. This year the young people raised £214.55 for ’RAFT’, a local Christian charity which supports care-experienced children in Leicestershire and Rutland.
A weekly ‘Craft and Chat’ session continues to meet. This year the group has knitted blankets for RAFT.
We continue to provide a weekly ‘Warm Welcome’ for the local community, which includes a coffee morning and a simple lunch, food and donations for a local foodbank, and an annual holiday club.
The Minister is made available by the Church to the public, at his discretion and availability, to assist with funerals, weddings, and to visit the bereaved, the sick, and others in need. He also has access to specific funds to assist those in dire financial need. The Church supports local events designed to bring cohesion to the village by providing, for example, refreshments at village events, and, where applicable, by making the facilities of our buildings available to the public or public groups, such as Ranger Guides and the Royal British Legion.
The Church also provides funds for charitable relief and development work in developing countries and supports individuals engaged in providing medical care and Christian mission world-wide, via charitable agencies.
………………………………. ………………………………. Dr A Leishman Dr D Bates Church Secretary Treasurer Date:…………………….2026 Date:……………………2026
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INDEPENDENT EXAMINER’S REPORT
TO THE TRUSTEES OF QUORN BAPTIST CHURCH
I report on the accounts of the Charity for the year ended 31 January 2026, which are set out on pages 5 to 11.
Respective Responsibilities of Trustees and Examiner
The church officers are responsible for the preparation of the accounts; consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the 2011 Act;
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follow the procedures laid down in the General Directions given by the Charity Commissioners under section 145(5)(b) of the 2011 Act; and
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state whether particular matters have come to our attention.
Basis of independent examiner’s statement
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
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which gives me reasonable cause to believe that, in any material respect, the requirements:
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to keep proper accounting records in accordance with section 130 of the 2011 Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
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have not been met; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
C Mayne ACA Cound & Co LLP Chartered Accountants 1 Princes Court Royal Way Loughborough Leics LE11 5XR 2026
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QUORN BAPTIST CHURCH
RECEIPTS & PAYMENTS ACCOUNT
FOR THE YEAR ENDED 31 JANUARY 2026
| Unrestricted Restricted Total Receipts 2026 2026 2026 Offertories – Plate 6,677 - 6,677 Offertories – Regular 77,128 - 77,128 Gift Aid Tax Recovery 16,448 - 16,448 Gifts & Donations 3060 - 3,060 Funeral Donation 220 - 220 Interest Received 797 - 797 ChariFund Dividends 1,045 - 1,045 Profit on Sale of Investments - - - Room Hire 337 - 337 Warm Church 691 - 691 Fellowship Activities 42 - 42 New Buildings (See note 5a) - 103,574 103,574 Jack Paston Trust - - - Holiday Club - 322 322 TGI Friday - 643 643 Weekend Away (2026) - - - Missions & Other Causes BMS - - - DUF - - - Soar Valley Food Bank - 186 186 Venezuelan Refugees - 793 793 Spurgeons - 616 616 Tear Fund - 616 616 The Bridge & Carpenter’s Arms - 93 93 Toilet Twinning - - - RAFT - 215 215 Ride & Stride - 10 10 Love Gift for Missionaries - 100 100 Unspecified ‘mission’ - - - Donation to Emmaus - - - _ _ _ TOTAL INCOMING RESOURCES £106,445 £107,168 £213,613 |
Unrestricted Restricted Total 2025 2025 2025 7,476 - 7,476 68,060 - 68,060 5,395 - 5,395 3,051 - 3,051 4,311 - 4,311 886 - 886 1,864 - 1,864 1,032 - 1,032 577 - 577 683 - 683 262 - 262 - 501,369 501,369 - 2,500 2,500 - - - - - - - - - - 40 40 - 50 50 - - - - 956 956 - 538 538 - 767 767 - - - - 304 304 - - - - 50 50 - 30 30 - 30 30 - 150 150 _ _ _ £93,597 £506,784 £600,381 |
|---|---|
The profit on sale of investments is the difference between the market value and nominal value of M & G units sold.
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QUORN BAPTIST CHURCH
RECEIPTS & PAYMENTS ACCOUNT
FOR THE YEAR ENDED 31 JANUARY 2026
| Unrestricted Restricted Total Payments 2026 2026 2026 Minister’s Employment 45,337 - 45,337 Cleaners’ Employment 8,951 - 8,951 Manse Costs 3,888 - 3,888 Ministry Costs 381 - 381 Chapel Utility Bills 6,125 - 6,125 Maintenance and Fabric 8,255 - 8,255 Property Repairs - - - Running Costs & Consumables 1,248 - 1,248 Printing, Publicity & Stationery 1,958 - 1,958 I.T. & Sound 952 - 952 Legal & Insurance Costs 2,335 - 2,335 Bank Charges 208 - 208 Subscriptions 650 - 650 Licence 1,000 - 1,000 Independent Examination Fee 504 - 504 Fellowship Activities 3,322 - 3,322 Youth & Children’s Work 195 - 195 Safeguarding Course 440 - 440 New Building Costs - 257,716 257,716 Fellowship Fund - 1,000 1,000 Children’s Musical Instruments - 330 330 Holiday Club - 322 322 Weekend Away - 522 522 Missions and Causes (see note 3) 18,270 2,679 20,948 _ _ _ TOTAL OUTGOING RESOURCES £104,019 £262,569 £366,588 _ _ _ NET INCOMING/(OUTGOING) RESOURCES 2,426 (155,401 ) (152,975 ) TRANSFERS (4,540 ) 4,540 - TOTAL BANK & CASH BROUGHT FORWARD 58,458 241,908 300,366 __ _ ____ TOTAL BANK & CASH CARRIED FORWARD £56,344 £91,047 £147,391 |
Unrestricted Restricted Total 2025 2025 2025 43,572 - 43,572 6,928 - 6,928 4,052 - 4,052 454 - 454 5,741 - 5,741 11,700 - 11,700 6,450 2,500 8,950 748 - 748 707 - 707 2,497 - 2,497 1,779 - 1,779 256 - 256 854 - 854 960 - 960 486 - 486 1,729 - 1,729 275 - 275 - - - - 395,433 395,433 - - - - 200 200 - - - - - - 19,690 2,890 22,580 _ _ _ £108,878 £401,023 £509,901 _ _ _ (15,281 ) 105,761 90,480 (25,000 ) 25,000 - 98,739 111,147 209,886 _ _ _ £58,458 £241,908 £300,366 |
Total 2025 |
|---|---|---|
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QUORN BAPTIST CHURCH
STATEMENT OF ASSETS AND LIABILITIES AS AT 31 JANUARY 2026
| FIXED ASSETS Freehold Property CURRENT ASSETS Investments HSBC Bank Accounts Santander Bank Accounts First Steps & Baby Steps Balance Cash in Hand TOTAL CURRENT ASSETS CURRENT LIABILITIES NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES Creditors: Amounts Falling due after one year TOTAL NET ASSETS CHARITABLE FUNDS Restricted - Funds Restricted – Building Loan Designated Funds Unrestricted - Property Fund Unrestricted – Cash Fund |
NOTE 7 4 5 6 |
2026 712,000 27,026 118,029 - 2,003 333 _ 147,391 _ 29,034 _ 118,357 _ 830,357 254,049 _ £576,308 _ 91,047 (283,083 ) 17,026 712,000 39,318 _ £576,308 |
2025 716,000 27,521 259,687 10,218 2,682 258 _ 300,366 _ 29,034 _ 271,332 _ 987,332 261,309 _ £726,023 _ 241,908 (290,343 ) 17,521 716,000 40,937 _ £726,023 |
|---|---|---|---|
Approved by the Church Officers on 2026 and signed on their behalf by:
………..……………………… Dr D Bates Treasurer
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QUORN BAPTIST CHURCH
NOTES TO THE ACCOUNTS – FOR THE YEAR ENDED 31 JANUARY 2026
1 ACCOUNTING POLICIES
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a) These accounts have been prepared on a cash basis and include income and expenditure as cash is received or paid.
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b) The accounts have been prepared in accordance with:
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i) The Charities Act 2011. ii) The historic cost basis of accounting.
2 PENSION COSTS
The church is an employer participating in a pension scheme known as the Baptist Pension Scheme (“the Scheme”). The Scheme is a separate legal entity which is administered by the Pension Trustee (Baptist Pension Trust Limited).
From January 2012, pension provision is being made through the Defined Contribution (DC) Plan within the Scheme. In general Members pay 8% of their Pensionable Income and employers pay 6% of members’ Pensionable Income into individual pension accounts which are operated and managed on behalf of the Pension Trustee by Legal and General Life Assurance Society Limited. In addition, the employer pays a further 4% of Pensionable Income to cover Death in Service Benefits, administration costs and an associated insurance policy which provides income protection for Scheme members in the event that they are unable to work due to long-term incapacity. The income protection policy has been insured by the Baptist Union of Great Britain with Unum Limited. Members of the Basic Section pay reduced contributions of 5% of Pensionable Income, and their employers also pay a total of 5%.
Benefits in respect of service prior to 1 January 2012 are provided through the Defined Benefit (DB) Plan within the Scheme. The main benefits for pre 2012 service were a defined benefit pension of one eightieth of Final Minimum Pensionable Income for each year of Pensionable Service, together with additional pension in respect of premiums paid on Pensionable Income in excess of Minimum Pensionable Income. The Scheme, previously known as the Baptist Ministers’ Pension Fund, started in 1925, but was closed to future accrual of defined benefits on 31 December 2011.
A formal valuation of the Ministers’ Fund was performed at 31 December 2013 by a professionally qualified Actuary using the Projected Unit Method. The market value of the DB Plan assets at the valuation date was £162 million.
The valuation of the DB Plan revealed a deficit of assets compared with the value of liabilities of £84 million (equivalent to a past service funding level of 66%). As a result of the valuation, in addition to the contributions to the DC Plan set out above, it has been agreed to increase the standard rate of deficiency contributions from churches and other employers involved in the DB Plan from 11% of Pensionable Income/Minimum Pensionable income to 12% from 1 January 2017. The contributions will be based on each church’s or other employer’s position at March 2017. Some churches and other employers that were only involved in the DB Plan for a short period will pay less than 12%. As at 31 December 2018 the estimated deficit on a technical provision basis has reduced to around £50m.
The key financial assumptions underlying the valuations were as follows:
| Type of assumption | % pa |
|---|---|
| RPI price inflation assumption | 3.60 |
| CPI price inflation assumption | 2.85 |
| Minimum Pensionable Income Increases (CPI plus 1.0% pa) | 3.85 |
| Assumed investment returns | |
| - Pre retirement | 5.10 |
| - Post retirement | 3.95 |
| Deferred pension increases | |
| - Pre April 2009 | 3.60 |
| - Post April 2009 | 2.50 |
| Pension increases | |
| - Main Scheme pension Pre April 2006 | 3.40 |
| - Main Scheme pension Post April 2006 | 2.30 |
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QUORN BAPTIST CHURCH
NOTES TO THE ACCOUNTS – FOR THE YEAR ENDED 31 JANUARY 2026
2 PENSION COSTS (Continued)
As there is a large number of contributing employers participating in the Scheme, the Church is unable to identify its share of the underlying assets and liabilities of the Scheme. Accordingly, due to the nature of the Scheme, the profit and loss charge for the period represents the employer contributions payable.
Under the current Recovery Plan signed in September 2020, deficiency contributions are payable until June 2026. These contributions are broadly based on the employer’s membership at 31 December 2014 and increase annually in line with increases to Minimum Pensionable Income as defined in the Rules.
At the end of June 2022, the Baptist Pension Scheme signed an agreement with the insurance company Just Group (‘Just’) to secure members’ pension benefits under the DB Plan. This agreement is referred to as a ‘buy-in policy’. It follows a similar agreement with Just in 2019 that covered most pensions in payment at that time. The combined agreements mean that Just are now providing financial backing for all DB pensions provided through the Scheme’s DB Plan.
The strengthening of financial markets in late 2023 meant that this transaction took the Scheme out of a shortfall position for the first time in two decades. The Baptist Union and the Trustee of the Scheme agreed that deficit contributions from each participating employer in the DB plan be reduced to just £1 per month from August 2022. In November 2024 these contributions were stopped completely.
3 MISSIONS AND CAUSES
| Unrestricted Restricted Funds Funds 2026 2026 EMBA Home Mission 4,080 - Baptist Mission Society 4,620 - DUF India 1,980 50 I Horne 1,980 - S Gibb (Hope Church) 1,980 - CAH/Hope Church - - ROAM Community Café 1,000 - K Andrews - - Japan Mission 1,300 - Soar Valley Food Bank 10 186 SOAR 780 - Samaritan’s Purse 100 - Rainbows 100 - Peru Children’s Trust 240 - Steps 100 - New Life Community Church - - Venezuelan Refugees - 793 Spurgeons - 616 Tear Fund (General) - 616 The Bridge and Carpenter’s Arms - 93 Toilet Twinning - - RAFT - 215 Ride and Stride - 10 Love-gift for Missionaries - 100 Emmaus - - _ _ £18,270 £2,679 |
Total Funds 2026 4,080 4,620 2,030 1,980 1,980 - 1,000 - 1,300 196 780 100 100 240 100 - 793 616 616 93 - 215 10 100 - _ £20,949 |
Unrestricted Restricted Funds Funds 2025 2025 3,960 - 4,500 50 1,920 - 1.920 - 1,920 - 400 - - - 960 - 1,250 - 500 - 1,076 - 100 - 100 - 240 - 100 - 500 - - 981 2 558 2 767 - - 240 304 - - - 50 - 30 - 150 _ _ £19,690 £2,890 |
Total Funds 2025 3,960 4,500 1,920 1,920 1,920 400 - 960 1,250 500 1,076 100 100 240 100 500 981 560 769 - 544 - 50 30 150 _ £22,580 |
|---|---|---|---|
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QUORN BAPTIST CHURCH
NOTES TO THE ACCOUNTS – FOR THE YEAR ENDED 31 JANUARY 2026
| 4 | INVESTMENTS 2026 2025 M & G ChariFund 17,026 17,521 Green Pastures 10,000 10,000 __ ____ £27,026 £27,521 |
|---|---|
The market value of the M & G ChariFund at 31 January 2026 was £20,636 (2025: £18,299). Interest on the Green Pastures investment is received annually and is paid to the HSBC Money Manager Account.
5 RESTRICTED FUNDS
| As at 31 January 2025 Income Fell New Building (see note 5a) 235,415 103,574 Fellowship Fund 4,865 - Children’s Musical Instrument Fund 1,578 - Holiday Club - 322 TGI Friday - 643 Weekend Away (2026) - - DUF 50 - Soar Valley Food Bank - 186 Venezuelan Refugees - 793 Spurgeons - 616 Tear Fund (General) - 616 The Bridge and Carpenter’s Arms - 93 RAFT - 215 Ride & Stride - 10 Love Gifts for Alan and Megan Barker - 50 Love gifts for Ian and Juliana Horne - 50 __ _____ £241,908 £107,168 |
Expenditure (257,716 ) (1,000) (330) (322) - (522) (50) (186) (793) (616) (616) (93) (215) (10) (50) (50) _ £(262,569 ) |
As at 31 January Transfer 2026 4,540 85,813 - 3,865 - 1,248 - - - 643 - (522) - - - - - - - - - - - - - - - - - - - - __ ____ £4,540 £91,047 |
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QUORN BAPTIST CHURCH
NOTES TO THE ACCOUNTS – FOR THE YEAR ENDED 31 JANUARY 2026
5a SOURCES OF FUNDING FOR NEW BUILDING
| Gifts and donations Gift Aid Tax Recovery Interest Unrestricted Profit on sale M&G units Grants The Hobson Charity Total (except transfers) Internal transfer from Unrestricted Fund of income from sale of M&G Units (nominal value) Total (including transfers) |
Income 72,260 22,879 1,312 - 6,821 _ £103,574 _ Transfers 4,540 _ £108,114 |
|---|---|
6 DESIGNATED FUNDS
| Extraordinary Repair Fund As at 31 January 2025 Value at start of financial year 17,521 Annual purchase of units - Dividends and equalisation - Sale of units (nominal value) - Value at end of financial year ______ £17,521 |
_ |
Income - - 1,045 - ______ £1,045 |
Expenditure - - - - _ £- |
As at 31 January Transfer 2026 - - 3,000 - - - (4,540 ) - 17,026 __ ____ £(1,540 ) £17,026 |
|---|---|---|---|---|
The Trustees have agreed that £3,000 per annum should be transferred from Unrestricted Funds into a Designated Fund for 10 years to build up a fund to cover expected repair costs to the Chapel Roof.
During the year 13.801 units in the M & G Fund were sold for £4,842, a profit of £302 (7%) over their cost.
7 FREEHOLD PROPERTIES
| 2026 | 2025 | ||
|---|---|---|---|
| 23 | Cradock Drive, Quorn | £712,000 _ |
£716,000 _ |
The manse (23 Cradock Drive, Quorn, LE12 8ER) is valued by the Trustees at a market value of £712,000.
The chapel building (Meeting Street, Quorn, LE12 8AQ) annex has cost £703,255. The historic cost of the original chapel building is not known. No value has been included in the accounts as the chapel building is only likely to be sold in the event of the winding up of the church.