Annual Report for Christchurch Baptist Welwyn Garden City CIO Charity registration number: 1154616 **Trustees’ Annual Report and Accounts 2025** 1 Annual Report for Christchurch Baptist Welwyn Garden City CIO Charity registration number: 1154616 ## **Table of Contents** **Statutory Information** ........................................................................................................... 3 **Property Trustee** ................................................................................................................ 3 **Bank** ...................................................................................................................................... 4 **The Trustees Annual Report and Financial Statements for The Year To 31st December, 2025** ..................................................................................................................... 5 **Charitable Objects** ........................................................................................................ 5 **Organisational Structure** ............................................................................................. 5 **Recruitment and Appointment of New Trustees** .................................................. 5 **Trustees Responsibilities** ........................................................................................... 5 **Training of Trustees** ..................................................................................................... 6 **Objectives and Activities** ............................................................................................ 6 **Objectives 2025** ............................................................................................................. 6 **How did we do?** ............................................................................................................. 7 **Public benefit** ..................................................................................................................... 8 **Summary Review of the Year** ......................................................................................... 8 **FINANCE OVERVIEW 2025** ................................................................................................. 9 **Income** .............................................................................................................................. 9 **Expenditure** .................................................................................................................... 9 **Commitment and Funding** .......................................................................................... 9 **Funds** ................................................................................................................................ 9 **Capital Expenditure** .................................................................................................... 10 **Risks** ............................................................................................................................... 10 **Reserves** ........................................................................................................................ 10 **Vision & Future Plans** ........................................................................................................ 11 **Verse for the year 2026** .................................................................................................. 11 **2026 Objectives** ............................................................................................................... 11 **Independent Examiner’s Report to the Trustees of Christchurch Baptist Welwyn Garden City CIO** ................................................................................................... 13 **Financial Statements and Notes to the Accounts** ...................................................... 14 2 Annual Report for Christchurch Baptist Welwyn Garden City CIO Charity registration number: 1154616 ## **Statutory Information** ## **Registered Address** 20 Tewin Road Welwyn Garden City Hertfordshire AL7 1BW Website: www.christchurchwgc.org.uk ## **Charity Trustees** Andrew Hemmens – Senior Pastor Simon Cragg – Pastor (resigned February 2025) Ibi Olutoye – Treasurer Paul Tosswill – Administration (resigned April 2025) Tim Ottewell (resigned April 2025) David Horton (resigned April 2025) Matthew Rowe Nicola Redmond Amy Hollis Steve Hughes Tanya Willington (appointed April 2025) Andrew King (appointed April 2025) ## **Property Trustee** Christchurch Baptist Welwyn Garden City CIO (charity number 1154616) is the sole holding Trustee of the following two properties, following a Deed of Variation signed in August 2017: 1. Christchurch Baptist Church, 110 Parkway, Welwyn Garden City, AL8 6HN registered at the Land Registry under Title Number HD495407 (held on trust for the benefit of the Church on trusts set out in a deed of Declaration of Trust dated 10 November 1937). 2. 15 Gresley Close, Welwyn Garden City, AL8 7QA registered at the Land Registry under Title Number HD290414 (held on trust on the Holborn Trusts which are the Baptist Model Trusts referred to in the Baptist and Congregational Trusts Act 1951 (“the Manse Trusts”) Previously, The Baptist Union Corporation Limited had been the sole Trustee of both properties. Christchurch Baptist Welwyn Garden City CIO is, similarly, the sole holding Trustee of the church building at 20 Tewin Road, Welwyn Garden City, AL8 1BW registered at the Land Registry under Title Number HD200837. 3 Annual Report for Christchurch Baptist Welwyn Garden City CIO Charity registration number: 1154616 ## **Bank** CAF Bank 25 Kings Hill Avenue Kings Hill, West Malling Kent ME19 4JQ 4 Annual Report for Christchurch Baptist Welwyn Garden City CIO Charity registration number: 1154616 ## **The Trustees Annual Report and Financial Statements for The Year To 31st December, 2025** ## **Charitable Objects** Christchurch Baptist Welwyn Garden City CIO (“Christchurch”) is governed by a constitution which states: _“The principal purpose of the Church is the advancement of the Christian faith through evangelism and discipleship. The Church may also advance education and carry out other charitable purposes in the United Kingdom and/or other parts of the world.”_ The church has two public buildings in Welwyn Garden City, one at 110 Parkway and one at 20 Tewin Road. ## **Organisational Structure** Members of the church are accepted into membership in accordance with the Constitution. Christchurch is a Charitable Incorporated Organisation (CIO) with Managing Trustees (“Trustees” or “Leadership Team”) appointed by church members in accordance with the Constitution originally approved in 2013 and subsequently amended in October, 2022 and November, 2023. Decision making is also in accordance with the Constitution. The Leadership Team are empowered to make decisions on how the church is run; however, certain decisions can only be made by the membership of the church at a church meeting (as detailed in the Constitution). These may be matters brought to the church by the Leadership Team for discussion and, as appropriate, acceptance, or matters raised in a church meeting by members for further consideration by the Leadership Team. ## **Recruitment and Appointment of New Trustees** Appointment of Trustees, the Treasurer and the Administration Trustee are set out in the Constitution of Christchurch. The Pastors are automatically Trustees for the duration of their tenure. Other Trustees are appointed from the membership of the church for a period of up to three years, after which they may stand down or be re-elected. Recommendations for new/re-elected Trustees are brought to the church members' meeting by the existing Trustees. They are normally appointed at the AGM via secret ballot and must receive an 80% majority of the quorum then present. ## **Trustees Responsibilities** Charity law requires the Trustees to prepare accounts which give a true and fair view of the state of affairs of Christchurch and of its income and expenditure for the financial year. In doing so, the Trustees are required to: 5 Annual Report for Christchurch Baptist Welwyn Garden City CIO Charity registration number: 1154616 - a) select suitable accounting policies and apply them consistently; - b) make judgements and estimates which are reasonable and prudent; - c) prepare the accounts on a going concern basis, unless it is inappropriate to presume that Christchurch will continue in operation; - d) follow applicable accounting standards and the Charities SORP, disclosing and explaining any departures in the financial statements. The Trustees are responsible for maintaining proper accounting records which disclose, with reasonable accuracy at any time, the financial position of the Charity and to enable them to ensure that the accounts comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are also required to be aware of the Charity Commission’s guidance on public benefit and to take it into account in their decision-making on behalf of the church. The Trustees confirm that the financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and that they comply with the above requirements and the charity's governing document (the Constitution). They have considered carefully whether it remains reasonable to presume that Christchurch will continue in operation and their conclusion is that it will and that it is appropriate to prepare the accounts on a going concern basis. ## **Training of Trustees** All new Trustees are encouraged to read the Baptist Union documents on becoming a Trustee. Safeguarding training is also provided for Trustees. ## **Objectives and Activities** The church’s activities seek to meet our principal purpose by sharing the love of Jesus in practical ways as well as providing ways of explaining our faith to others – all activities seek to show the love of Jesus and bring people into a closer relationship with Him. The church provides a variety of activities both to its membership and to the wider community. The church structures its activities under five key headings – worship, outreach, relationships, discipleship and serving. This is reflected in the organisation of the Leadership Team with four Trustees taking responsibility for these five areas, in addition to others dealing with administration, property and finance. ## **Objectives 2025** Last year we identified three strategic priorities with the following objectives: - Building the Body `o` To say farewell and thoroughly bless Simon, Sam and the Cragg family as they move to Cambridge. 6 Annual Report for Christchurch Baptist Welwyn Garden City CIO Charity registration number: 1154616 - To run ‘Spring Connect’, building on last year’s successful ‘June Connect’ which gave opportunities for people to build relationships within the fellowship. - To replenish volunteers in core ministries where there have been recent changes. - To hold Deaf Awareness sessions and provide the opportunity for people to learn BSL Level 1. - Looking forward - To appoint a new pastor for Christchurch to join the team. - To formalise and launch _Vision 100_ , specifying what we believe God is calling us to be and do as we prepare to celebrate the 100[th] anniversary of Christchurch in 2028. - To gain planning permission to install solar panels at our Parkway site. - Sharing Christ - To continue to offer Alpha courses and help people continue in their faith journey. - To ensure our community outreach activities remain healthy ways of serving and welcoming many people. ## **How did we do?** - Building the Body - It was a fitting and grateful farewell to Simon Cragg and his family after more than 10 years serving Christchurch. Many church members also attended his service of induction at St Andrew’s Street Baptist Church in Cambridge. - ‘Spring Connect’ activity groups gave opportunities for meeting and building friendships across the church – with thanks to all who led and hosted these groups. - One key volunteer change was the appointment of Jill Young to lead Harvesters and be a link for ensuring volunteers working with Seniors go through our safer recruitment process. - The Deaf Awareness session was well attended and helpful, and a BSL Level 1 began in Autumn 2025, which continues into 2026. - Looking forward - We held 3 rounds of advertising and considering candidates for the second pastor vacancy but finished the year preparing to advertise again early in 2026. - _Vision 100_ was launched with input sought from trustees and church members during the course of the year. - We were unable to gain planning permission to install solar panels at our Parkway site but spent the latter part of the year in detailed preparations for an application for solar panels on the flat roof there. - Sharing Christ - We held two Alpha courses, and a majority of attendees are continuing their faith journey within Christchurch. - A Christmas Lights experience told the story of the first Christmas and explained how it impacts us today. 7 Annual Report for Christchurch Baptist Welwyn Garden City CIO Charity registration number: 1154616 ## **Public benefit** The Leadership Team has given consideration to the Charity Commission’s guidance on public benefit and in particular to the specific guidance on charities for the advancement of religion. They have ensured the church provides a variety of activities both to its membership and to the local community. The aim is to show the love of Jesus Christ in both word and deed and to bring people into a closer relationship with Him as living Lord through worship, prayer, teaching, pastoral care, mission and social outreach work. As part of our desire to ensure that our activities are accessible to all, any charges are kept to a nominal level and, where fees are charged to cover the costs of events, courses or trips, bursaries are made available for those who would otherwise be unable to participate. ## **Summary Review of the Year** 2025 was a year of challenge, especially following the departure of one of our two pastors. Yet overall, it was also a year of great encouragement as we started to think through what it is to be a beacon of light and hope in Welwyn Garden City and the surrounding area. The Christchurch verse for 2025 was: _**14 ‘You are the light of the world. A city built on a hill cannot be hidden…let your light shine before others, so that they may see your good works and give glory to your Father in heaven.** Matthew 5:14 &16 NRSV_ For us as a church, this verse from Jesus’ famous Sermon on the Mount was deeply challenging. Can we live as individuals and serve our community together in such a way that the light Christ can be seen by others? We felt stretched for the vast majority of the year, yet, it was so encouraging to have so many people within the body of Christ who stepped in and played their part in bringing God’s light to our neighbourhoods and kept the church functioning in healthy ways. In the absence of a Fun Day originally planned for Peartree, a Christmas Lights experience enabled us to literally bring light to people passing the site. With people from both sites taking turns to host, we also introduced people to the glorious light of the Christmas story of God becoming a human baby in order to reach, teach and rescue human beings. It has been pleasing to see the ways that different ministries have continued to make a difference in the lives of many. building up the faith of those who call Christchurch home and reaching out to others within the wider community. Give thanks to God, pray for each area of the church’s life and be open to ways you might get involved and deepen your own connection with God and with others. 8 Annual Report for Christchurch Baptist Welwyn Garden City CIO Charity registration number: 1154616 ## **FINANCE OVERVIEW 2025** ## **Background** ‑ In 2025, Christchurch Baptist operated within a challenging socio economic environment, shaped by ongoing cost ‑ of ‑ living pressures, unpredictable energy costs, and high interest rates for most of the year. The church’s ministries and community activities were sustained by steady congregational giving, enabling the trustees to appropriate cost control, and risk monitoring. As part of this approach, the trustees took the strategic decision to make a £50,000 ‑ lump sum mortgage repayment during the year, reducing future interest exposure and strengthening the charity’s long ‑ term financial resilience. ## **Income** Total income for the year was £482k (2024 £481k). Unrestricted income was £432k, up 4% year on year. Unrestricted giving was £307k (2024 £315k) down 3% year on year. The Church continues to benefit from Gift Aid claims, Gift aid up 15% on 2024 with many regular givers using the scheme, alongside other tax-efficient giving arrangements, and retrospective claims. Room hire was up 4% to £35k (2024 £33k), and income from car park rental matched 2024. ## **Expenditure** Our expenditure is categorised under headings that relate to our principal areas of activity – note 6 to the accounts provides a breakdown of spend in each area. Total expenditure was £360k (2024 £381k) down 5% on 2024. Unrestricted expenditure was £329k (2024 £346k). Our overall grant giving matched 2024 in restricted and unrestricted categories, reflecting our ongoing priorities and any one-off items in the comparative year. Support costs for our staff were £142k (2024 £164k), reflecting agreed pay changes and resourcing needs. The costs of our premises were £129k (2024 £125k), driven by utilities, maintenance, and consumables, reflecting a 3% cost increase consistent with the prevailing inflationary trends. ## **Commitment and Funding** The church raises most of the funds needed to conduct its work from within the congregation and no appeal was made to the public for funds. The activities we provide to serve the community are free of charge or subject to a nominal entry fee as we seek to ensure that everyone can access the activities and services. We involve the church members in key decisions including decisions about future strategy and approval of the annual budget. ## **Funds** Designated and Restricted income and expenditure are consolidated into the church accounts with detail shown in the relevant notes. _**Designated funds**_ are monies that have been allocated to a particular use but remain available for the church to use for other purposes if required. The designated funds include individual organisations that are part of the church but run their own petty cash and/or bank accounts. The contributions to and payments from the Winter Family Fund are included as designated funds. 9 Annual Report for Christchurch Baptist Welwyn Garden City CIO Charity registration number: 1154616 _**Restricted funds**_ are set up when money is given to the church for a specific purpose. The main restricted funds held this year were for Solar panels for our church buildings (the Solar Fund), and a donation for a part-time Youth leader. All other income is treated as _**Unrestricted funds**_ and can be used for any aspect of the church’s work. ## **Capital Expenditure** Capital expenditure totalling £26k for the year, were mainly refurbishments works on fixtures and fittings. ## **Risks** The Trustees are aware of the key financial risks facing the Church and believe that these remain unchanged in nature. The principal risks are a reduction in significant giving and sustained inflation of expenses, particularly in relation to taxation, regulatory requirements, and general cost pressures. These risks are mitigated through regular monitoring of income and expenditure, careful expense management, and active engagement of church members in discussions and decisions about the future vision and direction of the Church. Individual circumstances can change rapidly, so the short-term focus remains on managing cash flow to meet regular commitments. ## **Reserves** The Trustees aim to use the resources available to the church wisely and given the strong track record of giving and the engagement of the whole church in strategic decisions, the Trustees retain that free Unrestricted reserves of between £30k and £80k would be sufficient to cover any potential short-term fluctuations in income. Trustees are evaluating effective strategies, such as expediting the repayment of long-term debt, to ensure effective cash management. Most the church's net assets are comprised of buildings, which are used to serve our communities. ## **Ibi Olutoye Treasurer / Trustee** Date: 31[st] March, 2026 10 Annual Report for Christchurch Baptist Welwyn Garden City CIO Charity registration number: 1154616 ## **Vision & Future Plans** ## **Verse for the year 2026** _You, God, are my God earnestly I seek you. I thirst for you, my whole being longs for you, in a dry and parched land where there is no water_ Psalm 63:1 ## **2026 Objectives** For 2026 we have identified three strategic priorities with the following objectives based on the three strands of our Vision 100: ## **1. To be led by Jesus** - To **grow in prayerfulness** as a whole church and in re-introducing prayer triplets supported by Sunday **teaching** series - Fuelled by 3 **evenings of worship & prayer** – Seeking God - And using a low-key relaunch of **mentoring** to help people discern how to maximise the grace of God in their lives. ## **2. To live like Jesus** - **Relating like him** – with a focus on connecting over food at each site and across the church, both organised and informally arranged gatherings. - **Growing as disciples** – especially helping people do life with others through Life Groups or prayer triplets. - **Serving like Jesus** – reviewing current ministries that serve the church and community and helping people think through how they can get involved through a SHAPE course. ## **3. To lead people to Jesus** - **Providing courses to explore faith** – 2 Alpha courses, a Youth Alpha & a BSL Alpha course - **Reaching out through special initiatives** – with a Community Day at Parkway and a fresh look at Christmas Lights - **Holding ‘Easy to Invite’ events or activities** Our verse for the year reminds us how much we need God in our shared life, and how much we long for his leading and provision in the coming year. We will continue to seek his will in all things, including the appointment of a second pastor for the team and in looking to have a full set of Trustees. We’d love to reinstate a toddler group at our Parkway site and continue to support those from other countries who in seeking 11 Annual Report for Christchurch Baptist Welwyn Garden City CIO Charity registration number: 1154616 asylum also make the most of the opportunity to explore Christian faith and grow as disciples. Yet more than all this, we seek God himself. We want to cultivate his presence and be a community who reflect his love and help others find life in Christ for themselves. The one who we seek is God himself, who has made himself known to us personally. We will look to him in trust for, as Psalm 48:14 says, _“this God is our God for ever and ever; he will be our guide even to the end.”_ ## **Revd. Andrew Hemmens Senior Minister** Date: 31[st] March, 2026 12 Annual Report for Christchurch Baptist Welwyn Garden City CIO Charity registration number: 1154616 ## **Independent Examiner’s Report to the Trustees of Christchurch Baptist Welwyn Garden City CIO** I report to the Trustees on my examination of the financial statements of Christchurch Baptist Welwyn Garden City CIO (‘the charity’) for the year ended 31 December 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and related notes. This report is made solely to the charity’s Trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s Trustees those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s Trustees as a body, for my work, for this report, or for the opinions I have formed. ## **Responsibilities and basis of report** As the Trustees of the charity, you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit go beyond the limited assurance that an independent examination can provide. Consequently, I express no opinion as to whether the financial statements present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner’s statement. ## **Independent examiner’s statement** Since the CIO’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - accounting records were not kept in respect of the charity as required by section 130 of the Act; or - the financial statements do not accord with those records; or - the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination. I have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. ||examination to which attention
understanding of the financia| |---|---| ||| |
Javaria Sarmad BFP FCA
Date: 31stMarch, 2026|George Arthur
Basepoint Business Centre,
110 Butterfield,
Great Marlings,
Luton, LU2 8DL| ||| 13 Annual Report for Christchurch Baptist Welwyn Garden City CIO Charity registration number: 1154616 ## **Financial Statements and Notes to the Accounts** 14 Annual Report for Chiistchurch Baptist Welwyn Garden City CIO Charity iegi5tration number.. 1154616 STATEMENT OF FINANCIAL ACTIVlnES FOR THE YEAR ENOED 31 DECEMBER 2026 Notas Unrostncted 0@￿gnate(l Reslricted Ttthl F￿K15 Funds Funds Funds )25 Unrestricted De￿gnated Rastnrt Fund5 Fund5 Fund5 Total Funds 2024 Incomg fi(xn". Donatsons and 382.634 250 20,523 403.407 369.074 37.342 406.416 InveStn￿nts 2,790 2,790 1.679 1.679 Charitable ¥bwlies 46,435 29,025 75,4fj1 44,915 27,729 72,645 Total 431.859 29.275 20.523 481,657 415.668 27.729 37.342 480.739 Ex￿￿rture on". Raising Funds Charitab18 acb¥ib8S 328,759 23,433 8,085 360,276 346.360 23.834 10.610 380.804 Total 328 759 23 433 8085 360 276 346 360 380 804 Net Inc(X￿ I lexpandittjiel 103,100 5,843 12,438 121,381 69,309 3,895 26,732 99.935 Gross transfers bemeen fuThts 14 16,006 13,5061 112,5(NJl 31,801 16,gJ51 124,8961 Net incorning l outgoing resource5 before other recow1￿ gainsl losses 119,107 2,336 1621 121,381 101,109 13,0101 1,836 99,935 tkfJeaselllnueasel In liabilty for DB pensk￿ sthn 16 Net rnovetnerrt in furN15 119 101 62 121381 101 139 3010 R8conaliabon of funds Total fu￿5 bmuoht fornward 1.857.291 15.461 24.713 1,897,531 1,756.151 18.478 22.938 1.79T.5e6 Total funds carri8d fotward Annual Report for Chiistchurch Baptist Welwyn Garden City CIO Charity iegi5tration number.. 1154616 BAL￿ICE SHEE[ 310ECEMBER 1025 F￿d$ Funds Totyl Futmts Unresknd8d Funds Fur Fund5 Totsl Fu 2025 2024 FlxedA8sets Taryibl8 CU￿￿lasS8tY 2,132.788 2.132,788 2.143255 1143,2 22.4% 2.271 14.846 3.179 Id,846 3.179 prepa￿nts Cash albart I In 2,271 It4).813 185.5 17.754 17.804 203.278 328.LB5 115.33 133. Is.￿2 15.842 24.773 24.773 155.954 173.979 Total CUrT￿laSse¢S c￿￿tOrS. aMLrtfai1￿ duewthii r 28.521 28. Met Cutreni As￿$ (LkJbllii￿Sl 156.172 17.804 198,687 104.842 15.467 24.773 145,083 c￿￿tOrS. aMLrtfaiI￿ due af*1 n￿e c￿EYEar 312. 311 390.￿7 Nat hA8•ts•xcluding liabilty 1,976.397 17.804 24.711 2.018,913 1.857Jl 15.467 24,713 1.897.531 DB pen%(m Sche￿ Ikibilty 16 NEt A*sets 1,976.39T 17.804 24.711 2.018.913 1.851Jl 15.467 24.713 1.897.531 F￿dS Of￿￿ Charny, dNithid irrto.. Unrosthrtod 1.976,397 24,711 17. 2.018.913 I.￿7,291 24,773 15.467 1.897,531 14 14 Trtal ChartyFutth Thecash Staiernwi ￿ n￿e$L￿￿e￿I￿ymng Page5f￿an InlegTal p*oftheseaccounts TW ￿￿tsY*re byiheTtL*teeson 23rfItsthE025 arvj sigmd lhe¥b￿l Data". 318tMarch 2ff26 16 Annual Report for Chiistchurch Baptist Welwyn Garden City CIO Charity iegi5tration number.. 1154616 STATEMEIIT OF CASH FLOW FOR THE YEAR ElIt*D 31 tECEMBER 2025 Notes Totsl Funds 2025 Tot•1 Fund% X124 C*gh Provided byoperating *ti¥itse# Net Incoff 121,381 Adpjsted fDr. DepreciatDn Change in DB pension lkncreaseydecrease ￿ debtor¥ Increaselldecreasel n non-TrJ)rtQ&ge ¢￿￿rtorS Met ca¥h pro¥ided by operatuy actNilies 36,133 1301 16.791 I￿￿65 C•8h Ilow8 fTom in¥e¥tment activitie8 FE tnatenal un￿rtaInty that casts doubt on the chartys abiltyto continue as a goiw COn￿m,. therefore, Ihe financBI statements have b￿n prepared ￿ a g)ing toncem ba￿S b. Doft)atlons tknnalions are accounted for gross when received. . L¢qJcie5 Legacies are accounted forvjhen Iheir rec￿pl B certain and can be pr(pety quants[￿d. d. Investtnent Income Investment Inc(Mr￿ 15 induded In the accounts In the year in which it Is recewable. - Fundraising andpubli¢ity costs The Church thes not make fotmal 4￿Sforfu[mlS atxl eX￿ndthre on these rtems is Iherefore rK>t material. f. Grantspayable The Church tnakesgN)ts ioother organiSat￿n$ W￿se charita￿t obRds complement its woth Grnnts offered yJbiect 10 Ythich have not been met at the year-etKI are rm￿t￿ as a cixnmrtment but Mt accrued as expe￿th￿e. g. Flxedassets The Church prefflisesa￿ in¢lLKled in Ihe bakrte sheei at eosl In Ihe ofthe Iwstees the market vaue of the buildiws considerabty grealerlhan Ihe cartwng Yalue. In the oFxni(m of Ihe tnjstees rt Is not practscable to quanbfythe difference between lh￿e figures Fixed assets ￿der £1￿0 are ￿lIten off as expendrture in the Slatementof Finanaal Actwibes. un￿sS it is ConS￿ered approwate lo capital￿£ the eX￿nditUTE0￿ the BalarLe ShEel. 18 Annual Report for Chiistchurch Baptist Welwyn Garden City CIO Charity iegi5tration number.. 1154616 NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2025 I. A¢¢ouffling poll¢les...¢ot)tlnued DepreuaI￿n has noi been charged on the Parkway Church and Ma)se premises tecause in the opinion ofthe TrU￿e the reSidL￿1 value of Ihe asset Is not ￿8S Ihan the onginal cost pnce Depreciaknon on other fixed assets Is calcukted to wrtte off coston a stra￿ht-llne bas￿ Iwer expected useful lrfe atlhefolkhmry rate5". Freehdd land Buiklings Integral Features Fixture5 Fittsngs Comp￿er$ and equipnEnl O%pa 2.5%pal 40 years 5 %pa120 years 20%pa 15yeaT5 33￿a 13 years yas5etwhich Is conS￿ered to have been Impared as a re5uh ofdamage. (tho￿sce[￿e. or m lon￿[ in useforanyother reason Is written down atthe date on whch the itnpaitTrEnl Is Idenbfied. Debtot5 are recogni5ed althLyr 5e1t1ett￿I amount, le55 any provisi￿ flfvryn Unrethc I￿Or EX[e￿i￿re 31-Dec-25 P?tW CrawlBt5 FUn4Fa￿1￿s Peartree Tots Body & Soul Café Harv8stétS Reach 0￿1 sen￿r5 p￿tI)raI 1p￿re This Individual ￿3￿l￿at￿ Manse Kiichen Fund Win1￿ Famity Fund Totj Fun 322 298 293 8.012 957 322 165 828 19,259 1,Q32 6,40S 11841 15741 17.gJ81 14201 13.WOI I6.￿￿1) 1.594 1.238 3.474 473 13.809 1,335 29,025 1250 558 17.335 I6.5￿) 13,5061 1.659 15,467 250 29,275 11.4401 116,9331 469 17.804 16.9JOI 13.5061 The1ndr¢￿ts￿ organi￿￿)n$ are p3rt olChn*churth and therefore indL*led 4*thin￿rat¢￿rts balan￿ are L*sVnaledforlhev￿rk ofthese group5 Contnbthtksto th￿￿h fr[￿ Ir￿1Vi￿￿ organwll￿s 3stsn¥fvrsto 26 Annual Report for Chiistchurch Baptist Welwyn Garden City CIO Charity iegi5tration number.. 1154616 NOTES TO THE ACCOUNTS IcoThtinu•dl YEAR ENDED31 DECEMBER2025 b. Restri¢tedFuJ)ds B*nce l-Jan-25 IrKome cgifta Eyndiure Transfer 3LaD 31-tlec-25 Solar F￿ Y 112.SODI 62 15851 24.T13 20 523 8.085 24.71 15. siaff Costs Trusiees Expenses Iincludod In nDl& SalarB$l Sak)ri Tax & Nl costs P8nsion paym8nts Pansiond8fi￿t{U￿d￿9 2025 2D24 119.D34 S.D30 11.440 30 2,497 10,120 128 368 Theaverage nUmiErofempbyee5dunrytheiears￿S6 No emrl)yeèrecerwed en￿lUmeThts in &xcÈs8d£60.WOduriw tr*yex12024-nonel TheChur¢h pays salaries ￿ the mintsiersand rneMbe￿ olstaff. Itho may be reLited partses. loi lhe￿ is authorty In the ChLYth ￿n5th￿j￿n. 27 Annual Report for Chiistchurch Baptist Welwyn Garden City CIO Charity iegi5tration number.. 1154616 NOTE5 TO THE ACCOUNTS IcontlthuÈdl YEAR ENDED 31 DECEMBER 2025 16. Pension Schomo Liability The Church 15 J wttrcpjting ern￿Oyer1nthe Baptst PenS￿n Stheme (kne Scheme"). whKh 15 a Separate enbty ad￿Nn￿tered byl pern￿0￿ Trustée IBupti8t Pansian Ttusl Limil8dl The Schom@. Prev￿u5￿ knDwn a8 tha Bspbst Ministers Pons￿ Fur￿, startod in 1925. At the winni￿ of the 2024 finanud year. the S¢￿￿e compnsed of a delined benefits sthÈMewhi¢hw3s ck>sed tofLrture3ttmal M 31 De￿fflber 201 l and a defined conlnbUb￿ plan which w3sowed In Janu3ry2012.The assels of the Scheme are ￿ld separatetyfrom those of the Emloyerand Ihe other paTtscip3tiDg empbyet5 Forthe cu￿entand pre¥￿u5 finanaal year. pension v￿￿)n lorthe Church's rn1￿$1e￿ and paid ￿rnber$ of staff ha5 been made thrO￿h Ihe Deffined Contnbthl￿ IDCI of Ihe Scheme Under this atrangemenl. miDEtsrs parbcipate In the MiDislers Seclion ofthe plan atvj conthth of th8ir P8nsionable Incon￿, and th8 Church conknbuhry olthe rninistérs. pon￿nable Incomo indiwdual wnsion acC￿nig In addl￿0Th. the Churth pays & tutheT 4% 01 Pensitsnable Incometts ttsvÈr Death in SeMcÈ ￿nefits, ￿mInis1[a￿t￿l Costs. and an associated Insuran￿ Wicywhich prowdes Incorne protstboThfor Schthiie members If they are unab￿10 V￿rk dueto IMg4erm Incapauty. The other Tnembefs of staff parhapate In the Basic Sec1￿ ol Stheme underth￿ seckn. theemFdoyees conlr*ule 5% of Pen￿nab Income. and the Church a150 conthbutes 5% of Penyon3ble Inwme. of wh￿h 4% Is paid indiv￿Val pen510n accwnls and 1% covets ad￿nis1[a￿ wsL8 and dgath ￿ 58tvK8 b8n8fft5. The ncome wotect￿n FdKy Is iDSLTed by IkE Baptsl of (>eat 8Titain ￿￿1h A¥￿ Limited. and the petwn accounts are operated and matwged ￿ beh4fofthe Penwn Trusle9 by Brood5tono Cwrats Bgngffts Lld. In Othber2024, the In5w3nce ¢ompanyJust (x)mpWed a b￿Qu10fthe liaLN1￿9srfthe ck)8ed defined benefft 5then* Fr￿ that dat8 any r￿nal￿1￿ Saknlty olth8 parti￿PatIng sch8m8 m8mb8tS to dthed L￿e[rt schotne ceas8d and the £1 p8r month d8fficit Payab￿ bythe partlcipabng emtAoytts were 4reed In the recovery l2n approved I￿A￿￿$t 2022 aWceased from that date. AdM￿l$tra￿)n of the dosed defined benefrtschemetran5fetredfrom the P￿sK￿ trustees loJu5t Group fromlhatdate. In wth Sethon 28 11A of FRS 102 requres a￿eed defiol recoverypaymenls to be rec(ynised as a Irability The present vabJe ol tho agreed def￿1 ¢Ontrbu￿lrnsvmQ imtllatetial altt* bgginniw of the finat￿alY￿￿d were fUl￿e￿￿ngU1Sh9d b￿OutWaS (X)Mp￿ted by Just Group in Octo￿r2024 28 Annual Report for Chiistchurch Baptist Welwyn Garden City CIO Charity iegi5tration number.. 1154616 PIOTES TO THE AceouNTS Icontlnu•dl Christchurch Bapt15tWelwyn Garden City CIO 17. Related Charltres The cu51odian Ttuslee Of Ir* Church $ Ihe Baptist unw)n CO￿Orat￿n Limieo wnich ts a thanty number 24CJ635 and which E C￿tr(￿led bythe Baptist Union Council. The cnLrth Is also a member of the Sa￿1$1 un￿n Qr G￿al Briiain Church tnade donation5 to Bapbst un￿￿ WO￿ m￿sID￿ Honr m￿sK)n Schemes as setout In note 6a 18. ReiateL4part￿s The wrfe ofone Ttustee. Trth) t)egan seNlng In Nov 2019. & In pad emtAoymentwth the churth as ItSAdm￿lStr3tOr. One Trustee. the Seniu Minister. wno aL￿ an emyoyee. Iwed In housing the £hutch one Trustee. Ine Associate Minister, unui el￿ of FeLYuary, Iiweo In Th￿￿n9 rented by the thurcn arml bytheAssociate Minister The church paid a rent of £1.350 perrwnth forlhe iwo No sumswere reittbursed to the TruStee5f￿knei[ wotk as Ttustees 12024- nil) The fdlowng related parbes were paid Ihese a￿Unts In seT¥l￿ to Ihe church Saw Pen5iOll Rev A￿e￿n￿n5 {sen￿r￿n￿le[and Ttusteel Rev s cragg {ASSOCkiie Minisiw Trusieei C Rowe (Adminislralorand wrfe ol TnJ5teei 39.995 5.068 715 553 45.063 6.1Q3 11.613 11.060 Totas 56.442 6.336 62.779 The Chnstchurch BaptistVleKw Gatden Cty CIO con5tihrtion dated 17 Noverrkner 2013 authonsesthe paytnentof reM￿nera￿n to trytstees. Donaions rece￿e0 from Twsiees arfounteo 10 f51.406 iThe year12024. £65,724) 19. Ind¢pend¢nT Examiner A provi￿￿ of £1.800 ha5 been tnade in thefinancial statements in respectof irtependenl exa￿￿ets fees 29