Charlty reglstratlon number 1171397 {England and Wales) STREET BAPTIST CHURCH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
STREET BAPTIST CHURCH LEGAL AND ADMINISTRATIVE INFORMATION Trustses P Bryer C Ford Rev T Styles M Dukes Charlty number 1171397 Indgpendent examlner ART Acntrnts Limited Ground Floor 11 Manvers Street Bath BA1 1JQ
STREET BAPTIST CHURCH CONTENTS Page Trustees, report Independent examinerfs report Slalemenl of finanaal activities Balance sheet Notes to the finanaal statements 6-17
STREET BAPTIST CHURCH TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2026 The trustees present their annual report and financial statem8nt$ for the year ended 31 Marth 2026. The financial stalemenl¥ have b89n prepared in a¢¢ordanee with the ac¢rAJnting policias set out in note 1 to the financial statements and comply wlh the Charty's goveming document. the Charities Act 2011, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Iland. and the Charities SORP "Awunting and Reporting by Charities-. Statement of Recommended Practice applicable to charib.es preparing their accounts in accordance with the Finanual Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" Objectlves and actlvltles The objectives of the Church ore.. The advancement of the Christian Faith in accordance with the Basis of Faith, primarity but not exclusively wthin Street and the surrounding neighbovrh¢>)d- and Such other charitable purposes as shall. in the opinion of the Members of the Church in General Meeting, futher the work of the Church. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what actyvilies the charity should undertake. The Church undertakes a fijll programme of meetings and acliwties to spiritualty strenglhen those who attend regularly and to reach people in the area %wth the Gospel. As well as Sunday Services. we hold Prayer Meeting$ and Growth Groups. The community work of the Church o)nlinues wth Door-ttrDoor Evangelism, Toddlers, Children and Youth work, Take-Away-Church AC) and we work with local schools in the area. It is very encouraging to involve so many people of all ages in our Ministy- Achlovoments and perfom)ance Although the Church does not measure the success of rts K*ogrammes n numbers. we continue to welcome new members and there is a great deal to be thankful for. The Church's vision MaInS to increase its ath"viiies and role wrthin the community and Y look fornard lo this work developing over the next year. Financlal revlew 11 is the policy of the charity that unrestricted fvnds which have not been designated for a specific use should be maintained al a level equivalent to a minimum of three month's eXperlture. The trustees considers that reserves at this l&v&l will ensure that, in the event of a significant drop in funding. they wll be able lo continue the charity's current activfties while consideration is given lo ways in which additional funds may be raised. This level of reserves has been maintaine(I IhroughoLrt the year. Restrict funds of £1,553,05612025- £1.564.2661 were held at Ihe year end. The majority of this is in relation to dOnaOn$ for the new buildin9. The trustees have assessed the major risks to which the tharity is exposed. and are satisfied that systems are in place to mitigate exposure lo the major risks.
STREET BAPTIST CHURCH TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2026 8tructur8. governan¢e and Manag The th8rtty Is a Charitable In(x)rporatthY Organisation. There are JrnttY fJr trustees aprK>inted in line wth the Consts"lulion. These wll comprise PastOT{sl. Churd) Administrator. Church Tr¢awrer and others select&J by the Elders and Dèacons. The tnJ$tees who garyed duiir4J the yearand up iv the date of sign8bJre oflhe finatK#d statements ware: P Bryar C Ford Rev T ses M Dukes Nffie of the trustees has any benellclal inl8r8$1 in the company. of the trustees arè nMberS ofthe (x)mpany and guarantee to jntribUte £1 in the event of a windirrfJ up. The trustetss m881 at leasl on a quarterfy basLs and 11 thscJJss the fin8naal Fwtbon ofthe Churth and reports on Heatth & Safety. S8feguarding. Data ProteclK*n together wrth any Duty of CaT8 issues or Serious Incidents. The trustees, report was approved by the Board of Tntste8S. C Ford TnJst8e Dated: 4 .06.. S2
STREET BAPTIST CHURCH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF STREET BAPTIST CHURCH I report to the trustees on my examination of the finanaal statements of Street Baptist Church (the charity) for the year ended 31 March 2026. Responsibllltl•s and ba$ls of report As the Iruslees of the charity you are SPOnSible for the preparation of the finanual statements in accordancg with the requirements of the Charities Act 2011. I rep¢rt in respect of my examination of the chanty's finanryal statements carried out Ltnder section 145 of the Char.eS Act 2011. In carying out my examination I have followe(I the Directions given by the Charity Commission under section 145{5llbl of the Charities Acl 2011. Indgpendent examlnerfs sl•tement Your attention is drawn to the fact that the charity has prepared the finanoal statements in accordance with the relevant version of the Slalemenl of Recommended practi applicable to charities Preparing their financial statements in accord8nce vAth the Financial Reporbng Standard appli¢able in the UK and Republic of Ireland IFRS 1021 in preference lo the Accounth"ng and Repo.ng by Chanties.. Statement of Recommended Practice 155ued on I April 2005 which is Teferred to in the extant regulats.ons bul has now been withdrawn. I Understand that this has been done in order for the finanoal statements lo prowde a and fair view in accordance with UK Generally Accepted Accounting Practice. I have completed my examination. I confimi that no matters have come to my attention in oJnnection with Ihe examination giving me cause to believe that in any material respect-. accounting records were not kept in respect of the charity as required by sethon 130 of the Charities Act 2011. the fin8n¢ial statements do not a¢¢ord with those re¢ords-, or the finanaal statements do comply with the applicable requirements n¢eming the fonn and Content of financial statements set out in the Charrties (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a tnJe and fair view. not a matter nsIdered as part of an independent examination. I have rK) concems and have come acros5 no other matters in conneciion wth the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements lo be reached. Mr P J Barton FCCA ART Accountants Limlted Ground Floor 11 ManveTS Street Bath BA1 1JQ Date..
STREET BAPTIST CHURCH STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITUREACGOUNn FOR THE YEAR ENDED 31 MARCH 2026 Unrnstrlcted Restricted funds funds 2026 2026 Totsl Vnrn$trlct•d Restrlcted funds fund$ 2025 2025 Totsl 2026 2026 Notes Income from: Donations and legacies Investments 173.537 798 9.158 547 182,695 1.34S 157.764 1,009 4,805 800 162,569 1,809 Total Income 174,335 9.705 184.040 1S8,773 5,605 164.378 Expendlturn on: Charitsble adivilie$ Other expenditure 139.592 21,676 20.915 160,507 21.676 127.289 23,501 6,465 133.754 23,501 Total expendlture 161.268 20.915 182,183 150,790 6.465 1 $7,255 Net In¢omellexpendlturel and movement In funds 13,C67 111.2101 1.857 7.983 18601 7.123 Reconclllatlon of fundy: Fund balances at 1 April 2025 888,324 1,564.266 2.452.590 880,341 1,565,126 2.445.467 Fund balance5 at 31 Mar¢h 2026 901,391 1.553.056 2.454,447 888.324 1,564,266 2.452.590 The Statement of financAal actIVe$ indudes all gains and losses recognised in the year. Al income and expenditure derive from continuing activiiies.
STREET BAPTIST CHURCH BALANCE SHEET AS A T 31 MARCH 2026 2026 2025 FIX assets Tangibl& assets Current assets D8btor5 Cash at bank and in hand 10 3.082.LlXJ 3.082,000 11 8,322 .055 7.734 99,840 88.3TI Cr•dltor¥: amounts falllng due T*lthln one y•ar 107,574 13 119.313) 116.8601 Net ffent ats 69,064 90.714 Total assots 1088 curr•nt Il•blllll 3.151.064 3,172,714 Cr•ditors: amounts falling du• aft more than ang year 14 1698.6171 {720.1241 Nét ••s•ts 2,454.447 2,452,590 Capltal and Incom• funds BuildsrvJ pital fund Other restrl¢ted fvnds 1.521,S83 31.473 1,521.583 42.683 16 1.553.056 1.564.266 Dèsignated lunds.. Missionary Support 14,900 2.024 9.690 TT,284 814.417 Gerwal unrestricted fijnds Revaluation rnserve 17.584 56.323 814,417 901.391 888,324 2.454.447 2.452.590 Th8 finan statements were approbBJ by theTnth on ......................... P Bryèr Tru¥tee cFd Trust•e
STREET BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 A¢¢ountlng pollcles Charfty Inforniatlon street Baptist Church is a Charitable IrKortxJrated Organisation. 1.1 Basls of preparatlon The financial ststements have been prepared in accordance with the charivs goveming document. the Charffies Act 2011, FRS 102 'The Finanual Repon9 Slandard applicable in the UK and Republic of Ireland" 8n¢J the Charities SORP -Accounting and Reporting by Chanties.. Ststement of Recommended Practice applicable to tharilies preparing their accounts in accordanee with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102}-. The chanty is a Public Benefit Entity as thfined by FRS 102. The chanty has taken advantsge of the provisbons in the SORP for charities not to prepare a slalanenl of Cash flows. The finanryal statements have departed from the Charityes (Accounts and Rewrts} Regulalions 2008 only to the extent required lo provide a true and lair view. This departure has invotved following the Slalemenl of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations bul which has since been withdrawn. The finanaal statements aro prepared in sterfing, which is the funcbonal currency of the charity. Monetary amount5 in these financial stataments are rounded to the nearest £. The financial stslements have been prepared under the historical cost convention. Imodthed lo include the revaluation of freehold properties and to include investment propefbes and certain finanaal instrLments al fair valLbel. The pnncipal accounting policies adopted are set out below. 1.2 Golng concern Al the time of approving the finanual statements. the trustees have a rea50n8ble expectation that the charity has adequate resources to continue in operational existence for the foreseeable lulure. Thus the trlee$ continue to adopt the going concem basis of accounting in preparing the financial ststements. 1.3 Charftable funds Unrestricted funds are available use at the discretion of the trustees in fijrtherance of their charitable objectives. Restricted lunds are subiecl lo SpIfiC conditions by donors or grantors ès to how they may be used. The purposes and uses of the restricted fur5 are sel oul in the notes to the financial statements. End¢)wment funds are subied to spettfic COrrtIonS by donors that the capital must be maintained by the charity. 1.4 Income Income is lecognised when the charity is allY entiued to il after any perfomian¢e nditionS have been met, the amounts can be measured reliably, and it is probable thal inwne will be received. Cash donations are recognised ¢)n receipt. Olher donations are recognised once the charity has been notified of the donation, unless perfomance condibons require deferral of the amount. Income lax recoverable in relation to donations received under GrfiAd or deeds of covenant is recognised at the time of the donatson. Legacies are recognised on receipt or otheise if the chanty has been notified of an impending distribution, the amount is known. and receipt is expected. If the amount is not known. the legacy is treated as a contingent a55el.
STREET BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 Accountlng pollcles IContlnu8dl 1.6 Expgndlturn Liabil(ties are recognisèd as soon as thwé is a legal or constructive obligation eommitting the tharity to pay out resources. 1.6 Tanglble flxed assets Tangible fixed assets are InallY measured at cost and subsequentty measured at cost or valuation, net ol depreciation and any impaiment losses. Depreciation is recognised so as to lte off the cost or valuation of asset5 less their residual values over their usefijl INes on the tollowng bases." Freehold land and buildings Not depreciated The gain or Ioss arising on the disposal of an asset is delemined as the difference befvleen Ihe sale procee(Js and the carying value of the asset. and is recognised in the statement of finanaal ath"vities. 1.7 Impalmient of flxed assets At each reporting end date, the charity reviews the cang amounts of its tangible assets lo deterniine whether the is any indication that those a55ets have suffered an impairnient loss. If any sueh indution exists, the recoverable amount of the asset is esbmaled in order to determine the extent of the impaim)ent loss lif any). 1.8 Cash and cash equivalents Cash and cash equivalents indud8 cash in hand, depogts held at call banks. other short-lem liquid investments wth original maturlties of thr99 months or less, and bank overdrafts. Bank ovardrafts are shown ilhin borrowings in current liabhlities. 1.9 Flnanclal Instruments The charity has elecled lo appty the provisions of Section 11 '8asic Financial Instruments, and Section 12 'Olher Finanual Instruments Issues, of FRS 102 to all of its financial inslruments. Financial instruments are re¢ognised in the thariV$ balance sheet vthen the tharity becomes party lo thg contractual provigons of the instrument. Financial assets and liabilities are offset. the nel amounts presented in the financial stalemenls, when there is a legally enforceable right to sel off the recognised amount5 and there is an intention to settle on a nel basis or to realise the asset and settle the liability simultaneously. Basic flnanclal assets Basic financial assets, which include debtors and cash and bank balances. aro initially measured at transacts.on pri including transaction costs and are subsequentty carried at amort15ed cost using the effective interest method unless the arrangement constrt¥Jles a finanung transaction, where the transaction is measured at the present valve of the bjture receipts discounted at a market rate of interest. Finanaal assets dassified as rl¥able wtthin one year are not amortised.
STREET BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 Accountlng pollcles IContinu•d) Baslc flnan¢lal Ilabllltles Basic finanaal liabilities, induding ereditors and bank loans are inib.alty reeognised at transadion price unless the arrangement constitutes a financing transaction. where the debt instrument is measured al the present value of the fvtUTe payments discounted al a market rate of interest. Finanaal liabilities classified as payable thin one year are not amortised. Debt instruments are subsequenuy wied at amortised c05t. Using the effectNe interest ratè method. Trade creditors are obligations lo pay for gwJ$ or servicas that have b88n acquired in the ordin¥y course of operations from suppliers. Amounts payable are dassified as currenl liabilitie5 if payrnent 15 due wthin one year or less. If not. they are presented as non-cufrenl liabiliti.es. Trade creditors are recognised inib.ally at transact(on prfce and subsequenuy measured al amortised cost using the effective interest method. Dern¢ognition of flnanclal Ilabllltles Financial liabilities are derecognised when the chartys contractual obligats.ons expire or a discharged or cancelled. 1.10 Employee benefrts The cost of any unused holiday entitlement Is recogni¥ed in the period in which the employee's seNices are received. Tembnallon benefits are recognised immedialety as an expense %then the charity is demonstrably committgd lo lerniinale the employment of an employee or to provide tennination benefits. 1.11 Rellrgment ben?flts Payments lo defined c£Jnlribution retirement benefft s¢thme$ a Charged as an expense 8$ thèy fall dua. Crltlcal accountlng estimates and Judgements In the applicatson of the charity's accounting policies, the trustees are required to make judgernents, estimates and assumptions about the carrying amount of assets ar liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that afe wnsidered to be relevanL Actual results may drffer from these estimates. The eslimales and underlying assumptions are reviewed on an ongoing basis. Revisions lo accounting estimates are recognised in the period in Ithich the estimate is revised where the revision affeet$ crtly that period, or in the period of the revision and frJiure pèriods vthere the revision affects both current and future periods.
STREET BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 Donatlons and legaclgs Unrestrlcted Restricted lunds funds general 2026 Tolal Unrestricled funds general 2025 Restricted ftjnds Total 2026 2026 2025 2025 Donations and gifts 173,537 9.158 182.695 157.764 4,805 162,569 Donatlons and glfts Offerings Gift Aid Refund Other Gifts Camp 134,991 30,275 8,271 5.000 1.389 139.991 31,664 8.271 2.769 119.744 26,821 11.199 119,744 26,821 11,199 4.805 2.769 4,805 173,537 9.158 182.695 157.764 4,805 162,569 Incomo from Investments Unrestricted Restrlcted funds fvnds 2026 2026 Total Unrestrfcted Restrlcted nds funds 2025 2025 Total 2026 2026 Interest receivable 547 1.345 1.009 800 1,809
STREET BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 Charltable actlvltles 2026 2025 Staff costs- Ministy Ministy Propety Costs Restricted fund expendtbjre Speakers and Gifts Electric and Gas Insurance 63,191 8,621 20,915 1,232 8.553 2.093 34,051 8.739 6,465 297 9.308 2,251 r ij Maintenance IT and AV Costs Office Costs Cleaning and lQtchen Subscripb'ons and Licences Other Expenses Children and youth Ouireach Support Fund 4,218 1,631 8,261 2.428 1,677 2,779 5,430 4,968 2.913 4,862 4,200 2,511 5,416 5,560 7.465 660 132,732 98,429 Missionary sha of govemance costs (see note 6) 26.785 990 34.335 990 160.507 133.754 Analy$ls by fund Unrestricted funds- general Restricted fvnds 139,592 20,915 127,289 6,465 160,507 133.754 Support costs allocatgd to actlvltles 2026 2025 Govem8nce cost$ 990 990 Analysèd between.. Charitable activities 990 990 10-
STREET BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 Trustses Rev T Styles. was a Injstee for the year and received aggregated remuneration during this time of £31,960 12025 - £30,838) for sem5 as a Pastor to the Church. Propety costs associated wlh this employment of £8,62112025- £8,739) were also paid. Employees The average monthly numbw of employees during the yearwas: 2026 Number 2025 Number Employment costs 2026 2025 Wages and Salaries Soaal security costs Other pension costs 59.443 320 3.428 30.829 419 2,803 63,191 34,051 There were no employees vthose annual remuneration was MO than £60,000. Other expendlture Unrestrlcted Unrestrlcted fund$ funds 2026 202S Financing costs 21.676 23,501 11
STREET BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 10 Tanglble fixed a$$èts Freehold laThl and bulldlngs Cost or valuatlon At 1 April 2025 3,082,000 At 31 March 2026 3,082,000 Carylng arnount Al 31 March 2028 3,082,000 At 31 March 2025 3.082,000 Land and buildings a carrying amount of £2.285.000 were revaILd 81 9 June 2020 ty Cooper and Tanner, independent valvers not connected wrth the tharity on the basis of market value. The valuation confoms lo Intemalional Valuation Starthrds and was based on recent market 1ransath.ons on arm's knglh lernis for similar properties. Sincè this valuation a Manse propety was purchased in June 2023 for £797,0110 Al 31 March 2026, had the revalued a55els been carried at historic cost less accumulated depreciation and accumulated impairment losses, their carrying amount would have been appr0MatelY £2,267,583 12025 £2,267,583). The original cost of the church building in 1814 is unknown as is the new hall built in 1968169. th the completbon of building works in late 2019 Ihe restricted expenditure for this has now been capitalised under tangible fixed assets. A5 mentioned above the Trustees have now obtained a current valuation of the propety in order to carry the freehold propety at market valuation. The church replaced FIEC as Holding Trustee of the propety in FebnJary 2019. 11 Dgbtor¥ 2026 202S Amounts falllng due wlthln one year. Other debtors 8.322 7.734 12-
STREET BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 12 Loans and ovardrafts 2026 2025 Bank loans Other loans 373,179 336,333 390,746 340,000 709,512 730.746 Payable within one year Payable after one year 12,895 696.617 10,622 720,124 Amount5 include(l above which fall due after five years: Payable by instalmenls 641.615 673.339 The long-term bank loans are sUred by fixed charges over the Manse. 13 Crgdltors: •mounts falllng due vAthln one year 2026 2025 Notss Bank loans Other borrowings Ac£nJals and deferred income 12 9,228 3,667 6,418 6,955 3,667 8,238 19.313 16.860 14 Credltors: amounts falllng dug aftar more than one year 2026 2025 Notes Bank loans Other loans 12 363.951 332,666 383,791 336.333 696.617 720,124 15 R•tlrem*nt beneflt schemes 2026 2025 Dgflngd contrlbutlon schernes Charge to profft or loss in respecl of defined conlribution sthemes 3.428 2.803 13-
x 41 511 (J m rj
STREET BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 17 Analysls of nel assets between funds Unrestricted funds 2026 Restrlctgd funds 2026 Totsl 2026 At 31 March 2026: Tangible assets Current assetsllliabilibesl Long lemi liabilities 1.560.417 37,591 1696.6171 1,521,583 31,473 3.082,000 69.064 1696.617} 901.391 1.553,056 2,454,447 Unr8Strlcted fvnd$ 2025 Restrlcted funds 2025 Total 2025 At 31 March 2025: Tangible assets Current a5selsllliablleI Long tern) liabilities 1,560,417 48,031 1720.124) 1,521,583 42.683 3,082,000 90,714 1720,1241 888.324 1.564,266 2,452,590 15-
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STREET BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 19 Related party transactlons There were no disdosatye related party transacbons durtng the year. 17-