Upton Vale Baptlst Church Trustees Annual Report And Accounts Year ended 31 December 2025 Registered Charlty Number: 1176425 Co Number: CE012770
Upton Vale Bapst Churth Year Ended 310ecernber 2025 Contents P•ge Report of the Trustees 2-11 Independent Exam5ner's Rqport to tho Trustees 12 Statement of Financial ActNltles ISOFAI 13 Balance Sheet 14 Note5 to the Flnanclal Statement5 15.24
UPTON VALE BAPTIST CHURCH CHARITY INCORPORATED ORGANISATION TRUSTEES ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025 Registered Charlty Number 1176425
Upton Vale Baptlst Church {UVBC) Registered Charlty Number 1176425 Trustees Annual Report Year ended 31 December 2025 The Trustees have pleasure in presentlng their report and the financial statsments of the Charity for the year 8nd8d 31 Dec8mb8r 2025. Prlnelpal addre$s: Castle Circus St Marychurch Road Torquay TQ1 3HY Trustees as at the dats of approval of tho report Ruth Ellzabeth Addison (26.11.2024) Eldership Trustee Slmon Mark Clay. Trustee in his role as Senior Minister {22.07.2024) David Edward Chivers (25.11.2025)- Eldership Trustee Rachel Loye Greenwell (28.11.2023}- Governance Trustee Charlotte Anne Haywood125.11.2025) - Eldership Trustee Alexand8r John Kittow (25.11.2025)- Eldership Trustee Andrew John Manley {25.11.2025)- Eldership Trustee Rosalind Margaret Morrfson (26.11.2024)- Eldership Trustee Paul John Ross8r (28.11.2023)- Govem8nce Trustee Rlchard J8mes Thorpe {26.11.2024))- Governance Trustee Katherine Nanette Famum (28.11.2023)- Govemance Trustee Bankers: Maln Bankers.. CAF (Charities Aid Foundation) 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4TA Page 2 of io Upton Vale RegiS4trefJ charity ll764d5
Lloyds Bank 2 Palace Avenue P8ignton TQ3 3ER Baptist Trust Fund Baptist Union Corporatlon Baptist House, Didcot PO Box 44 129 Broadway Didcot OX118RT Kingdom Bank Limited Media House Padge Road Beeslon Noltingham NG9 2RS Ac¢ountant8 and Indèpendent Examlner Peplows Chartered Accountants Moorg8te House King Street Newton Abbot TQ12 2LG. Appointed Sn March 2022 Structure, Governance and Management The tilles of th? Church Premises and the Church Manses are vested in the Baptist Union of Great Britain as Holding Trustee. The Holding Trustee also holds the relevant deedsllitle documents. Upton Vale Baptist Church is an incorporated charity with its Constitution being the goveming document. The charSty was entered onto the Register of Charities by the Charity Commission on 21 December 2017 on the basis of a constitution approved by a resolution of church m&mbers on 28 November 2017. A further resolution was passed by th8 church m8mb8rs at th@ Church Meeting on 6 July 2020 to amend claus8s 12.5.2 (Church Page 3 of io Upton Vale Rogisiored eharity 11764ZS
Membership), 14.3.8 (Eligibility to be a Trustee) and 14.4.1 (Maximum Number of Trustees). Appointment and removal of Trustees is by the church meeting in accordance With th8 church constitution (Section 14) and charity law. Potential naw Trustees are selected from members of the Church. Proceedings of Trustees are in accordance with the hur¢h constitution. The managing Trustees are Minister{s), Govemance Trustees and Eldership Trustees. The Ministers ar8 appointed by the church meeting to a position which in the case of ministers has the benefit of an annual stipend. The Senior Minister Is a Trustee by virtue of their office. Other ministers are not automatically Trustees but may be appointed as Trustees by the church members. The structure of the church is not hierarchical. The leadership operates as a team wlth members exercising th8ir gifting und8r the leading of Almighty God: Father. Son and Holy Spirlt. Upton Vale is a large and lively church of all ages and operales oul of th8 centre of Torquay. The Staff Team and Governance Trustees manage the day to day running of the Church under the management of the Senior Minister and they have responsibility for:. Celebrations & Worship Pastoral Care & Dlsclpleshlp Children, Youth, Young Adults and Families Outreach and Communlty Administration and premises management Thls enables us as a church to be fruifful as we focus our energy and prayer on the above five areas. Church members are 8ncourag8d to be active in the life of the church and w8 have a large number of dedicated volunteers who work with staff in different areas, Church members are updated on developments and exercise control over major decisions at regular church meetings. The spiritual direction, teaching and pastoral care ofthe church is in the hands of the Ministers and Eldership Trust88s. with the support of the following Adion Teams- Pa6toral Action Team b. Global Outreach Team and Good N6WS to Torquay Acllon Team Staff Team Page 4 of io Uptonvale isi•rod charity11764ZS
The administration of the church is Co-ordinated by the Governance Trustees, with specific people having responsibility in various areas. The trustees operate through action teams for Premises, Finance, Technical and M8dia, and Safeguarding. The Church is a member of the Baptist Union of Great Britain, the South West Baptist Association and the Evangelical Alliance. Health and Safoty The Health & Safety function is oulsourced to P8ninsula Business S8rvices (Business 123) who undertake regular H & S Audits and have produced and updated a comprehensive Health & Safety Manual along with all relevant policias and procodures which ar8 reviewed regularly. We have trained Health & Safety representatives who undertake and review Risk Assessments and undertake weekly, monthly and annual H & S check around tha building. Business 123 mak& the chLtrch aware of8nd update the policies and procedures as new legislation is introduced. Health & Safety 18 on th8 agenda of the Goveman¢e Trustees meeting and includes reports on any accidents, rlsk assessments, ch8ng8s in legislation and any othèr H8allh & Safely Matt8rs. The Health & Safely Policy is available on the website. Payroll and Human Resources Peplows Chartered Accountsnts undartake the payroll function in conjunction with the Flnance Team. Monthly reports are provided for the Chair of Finance Team. Th8 Human Resources Functlon Is outsourced to Peninsula Business Servlces (8rfght HR). A full suite of bespoke policies and pro¢edur8s are available on Ilne to the HR team and also to staff. A Staff Handbook which contains various policies, procedures and guidance is circulated to staff fortheir informatlon. Regular reviews are undertaken by Brighl HR In conjuncllon with the HR Team and Bright HR inform the church of any change In legislation etc. HR is an agenda Item on the Governance Trustees meelings. Safeguarding of childranj young adults and adults at risk The Church has a Safeguardlng pollcy in place whlch promotes the protectlon of chlldren, young people and adult8 at risk through clearly defined processes and procedures. This pollcy gives clearguidance on how to maintain a safe envlronment for ehlldren, young people and adults at risk and for those who work with children. young people and adults at risk. including the procedure for reporting observations and allegations of abuse recorded by staff and volunteers at UVBC. It closely follows the guidelines set by the SWBA and 15 regularly updated. UVBC'S policy is overseen and implamonted by a Designated Safeguarding Team. The aims are: Page 5 of io Upt. Regi¢iered charity 1178d25
To commit ourselves to the nurturing, protection and safeguarding of all children. young people and adults at risk associated with the church To follow up on any allegations of any nature which Involves children, young people, andlor adults at risk, and those working with them, who are associated with UVBC. To keep clear records of any allegations or incidents involving children, young people andlor adults at rlsk, and those working with them. who are associated with UVBC. To ensure the safe recruitment. support and supervision of all those who work with children, young people and adults at risk, both on a Sunday and at all midw88k activities run by Upton Vale Baptist Church. The subject of Safeguardlng Is a standlng Item on the agenda of the Governance and Joinl Trustaas M86tings. The Safeguarding Trustee reports on any issues. The Safeguardlng Pollcy Is relnforced to the whole church at the Annual General Meeting. The Safeguording Polloy is displayed in the foyerof Ihe Church and copies are available on request from the church offiets. It can also be viewed on the Upon Vale Website. GDPR Upton Vale Is compllant wlth the requlrement of the GDPR Regulatlons. All the pollcles for privacy, employment, recruitment. contractors and storage and retention are available for viewing on a central databas8 in the church office. The privacy policy for th8 church is available on the GhurGh website. An annual revlew of membershlp Is carrled out and thls ensures that we have correct and up to date infomation on mernbers. We issue consent forms throughout the year when new members join or start to allend church regularly. Objectlves, a¢tlvltle$ and achl6vements The prlnclpal purpose of the Church is the advancement of the Christian falth, particularly though not exclusNely, through worship of God, making disciples of Jesus Christ. Our vision Is to be 8 Jesus-centered multlplylng communlty of disciples, who make disciples. who make disdples. We seek to be growing in discipleship, growing in number and growing in Kingdom action. These objectives are achieved by lamongst other ways]: Page 6 of Uptnvl Regislered chontyll764£S
Regularly meeting together for public acts of worship and teaching Meeting in small groups In homes and other locations, for fellowship. teaching and mutual support Running groups and activities for children and young people Regularly running Alpha plus a wide range of other evangelistic activities and initiatives In additlon to the 8bove, the church seeks to 5eNe th8 wider community through running CAP money management courses, B2gether for adulls who have addltlonal needs and a Bere8vèm8nt Friendship Group which brings people together who have suffered the Ioss of loved ones for whatever reason. In September we opened T@3 which is a dementia café that provides tea. cakes and singing for people who are suffering with dementia and their Garers. Engaglng as a church in a number of social action activities in the community by supporting financially and wlth volunteers giving time to various organlsatlons Allowing our buildings to b8 used for a wide range of community groups Underlying all that we do, in our lives as individuals. in our smaller groups and in our larger gatherings, we seek to live out our God givon purpose and we seek to encourage the developm8nt of the following:. Worshlp Serving Fellowship Dlsclpleshlp Outreach Social Action The Trustees are aware of the Charlty Commission's guidance on Public Benefit when running a charity and have regard for it in their administration of th9 Church as Illustrated by th8 pursuil of ils objectives set out in this r8POrt. The Trustees believe th8t. by fulfilling thelr responslbllity to work together in Torquay and co-operale in all matters of conc8rn and importance for the whole mission of the Church. pastoral, evangellstic, soclal and ecumenical, it provides a benefit to the publlc by: Providing resources and facilities for public worship, pastoral care and spiritual. moral and intellectual developmenis, both for its members and anyone who wlshes to benefit from what the Church offers; Promoting Christian values, and service by members of the church In Torquay and beyond. to the benefit of individuals and society as a whole. The Church may also carry out other charltable purposes in the UK and other parts of the world. Page 7 of io Reoistered charity 12764
During 2025, our Sunday SerVIs were our main acts of public worship and teaching. We continued to stream our Sunday services using YouTube which met the needs of vulnerable people and those who are unabl8 to physically attend. We worked hard to ensure that we are compliant with the law as well as being sensitive to the needs ofthe congregation. Small groups continued to meet regularly for teaching, prayer, fellowship and mutual support. The Church Members Meetlng, wheré the business of the church is handled, can be attended In person or joined by people using Zoom but only people attending in person are able to vote on any matters of busin8ss. Our prayer meetings during the week and on some Sunday evenings have continued using Zoom and by meeting together In person and we have good attendance at all these meetings. Because of the generosity of people wlthln the church, we have been ableto help people within the church and in the local community through the Pastoral Fund by providing food parcels and vouchers, help with household bills and other general financial help. Gifts of flowers, cakes. frult etc. are glven to people In the church who have suffered the loss of a loved one, who are undergoing medical Irealmenl and for encouragement if people are going through difficult times. The Chrlstmas Present bags and Easter glfts gave such pleasure to those who wer8 unable to attend church for various reasons. In addition to the financial help, m8mbers of the church have been Involved In working wlth the local Food Alliance helping in and donating food to th8 local food banks, delivery of food to people who are unable to get out, helping with shopping, collecling prescriptlons and laking people to hospital and Doctors, appointments. As well as this the Pastoral Team keep in regular contact by telephone and visiting vulnerable people and th056 who are not well. We invest reSoUrS in the youth and children's work on a Sunday and during the week by employlng one full time Youth and Families Pastor and in September, we employed Children's Pastor working part-time. This work is supported by numerous volunteers who help In this area. The children and youth attended regional events such as SPREE and the Gathering where they mei with other chlldren and young people In the region. In September, a Mums and Tots group called Puddles was started which offered 'stay and play" each Friday Moming. The Wednesday Night Youth and Navigate attract lots of children who do not have a church background. Youth Bible Study groups which take place once a month are well attended and supported with homemade cakes from people wlthin the church. We ran Alpha Courses in 2025 and both of these were very well attended and resulted in a number of people committing their lives lo Christ and being baptized. Page 8 ofio Upton Vale Lu RegISterL chonty U75425
On 151 September. it was a joy to welcome Paul Hine an Associate Pastor onto the staff team who works closely with our Senior Pastor. We contSnued to partner wtih other churches in Torbay both financially and with volunteers on various community projects. We ran various Christmas events including a Christmas Quiz, Cakes and Carol Service as well as our Chrlstmas Carol Service. All th8se events were very well attended. We seek lo give 120A of ourannual giving to various missions and good causes at home and abroad. Closer to horne we support, financially and in other ways the BMS World Mission, Baptists Togeth8r, LINX Christlan Youth Trust, Ladies Lounge and the Acorn Education Centre whlch op8ned In February 2022 and runs wlthin our church buildlng. During 2025 20 people were baptized, 18 were adults and were young people. We had the joy and pleasure of welcoming 33 people into church membership. Six of our members passed away during the year and six members resigned for various r8asons. Our m8mb8rship at the end of 2025 stood at 350 Use of Technology Upton Vale continues the d8V8lopment of technology to allow for mor8 efficiency for both staff and volunteers. This development wlll continu6 during 2026. Flnan¢lal Revlew As 8 result of the appointment of R8v Simon Clay in July 2024 the church bought a manse suitable for the Clay family. In order to purchas8 the new manse, 17 member8 gen6rou8ly loaned money to Ihe church for up to two years at a zero Interest rate, raising £105k in order to enable the church to purchase the manse, Ihe balance being raised from reserves. One loan of £5,000 was repaid during 2025 and £29,000 of loans were transferred Into gifts to the church. As at 31 December 2025, the outslanding repayment of loans stood at £71,000. The original existing manse was put up for sale but unfortunately, to date this has not been sold. This will be put onto the rental market in 2026. In June 2025. we had a Gift Day which raised £68,000. This money has enabled the purchas8 of new chairs for the church and will help lowards the funding of a full time Youth and Famllles Pastor in 2026. The church has 8 Reserves Pollcy whlch would cover staff salaries for three months should the church cease to exist. This policy is reviewed annually in the budget preparation so varies each year but this currently stands at £66.250. We have no concems that the church will cease to exist In its current form. Page 9 of io Uptonvale Ré¥istefed charity 11764
The charity appointed Peplows Chartered Accountants as independent examiners for the year under review. In 2025 wa had a surplus on our General Fund of £137,153 compared with a defecit of £31,093 in 2024. The church has set a modest deficit budget for 2026, the trustees having agreed to cover any resulting shortfall in operating income from reserves. As trustees we consider the financial records to be in good order. We draw up an annual budget whlch is rdtified by the members at the AGM. The financial function is delegated to a Finance Team. We measure performance against budget and reconcile the main bank account on a monthly basis in accordance with our Risk Assessment Policy. which is approved by the Trustees on a monthly basis, No Fund8 are materlally In deficit. Slgned . Date... Alexander Kittow (Chair of Trustees) Signed Date . Kathryn Farnum (Chair of Governance Trustees), Page io of io u tonV21e Rwistered charity 137oa25
Upton Vale Baptlst Churth Independent Emaminer's ReportTo ThéTiustoes of Upton valé Baptls¢ Church Year Ended 31 Dec¥mr z025 I rèport to the trustees on my examlnatlon of the accounts of Upton Vale Baptlst Church for the year ended 31 December 2025 whlch are set our on page5 2 to 24. Responslbllltie5 and basis of report As the Charlty tru5tee5 you are rèsponslble for the preparation of the account5 In a¢cordance wSih the requirements of the Charltles Att 20111.the Act'l. I rcport In respect of my¢xamlnatlon of thè Charlty's accounts carried out under stctlon 145 of the 2011 Art ond in carryln8 oui my eXaminan I have followed ?11 the applloble Di¥¢tloTh$ Slven bythe Charity Comrn1s510n under 5ÈCtion 14515llbl of the Att. Independ•nt •x•mln•r's stst•m•nt Sln¢e the CIO'S iross Income exceeded £250,tX)O your examiner must be a rnember of a body listed in sertion 14S of the 2011 Act. I confirm that l arn qualified to undertake the exarnination because l am member of the Instltute of Chartered Acountsnts In En8land and Wale5, whlch15 one of Ihe listed bodies. I have ¢ompleted my examlnarlon. l ¢onflrm that no maierlal matters have cornt to my attentlon In connettlon wlth the examlnatlon 8lvln8 me cause to believe thèt In any material respètt.. l actountlng r•¢ord5 were not kèpt In respect of the Charity as required by se¢tlon 130 of the Act.. or 2 thè attoufits do nol accord wlth th95e records,. or 3 thé iccounts do not comply wlth the applScablè rtqulrements concernlng the form Bnd content of accounts Set out in the Charities (Accounts and Reports) Re8ulations 2Q)8 other than any requlrement thatthe accounts give a'true and fair view, which is not a matter ¢onsldered as part of an independent examlnatlon, I have no concerns and have Come across no other matters In ccnnettion wlth the examlnatlon to whlch aTtenon should b drawn In thls report In order to enable a proper understJndSng ol thè atcounts to reached. Mlrhotl Youni BS¢ FCA Peplow5 Limited Moor8ate House. Kin8 Street Newton Abbot TQIZ 2LG Date: 12
Upton Vale Baptlst Church Statement of Finanrial Artivlties Ilncorporatlng Income and expenditure account) Year Ended ai December 2025 Unrest¥lcted Restrlcted Endowment Funds Funds Funds Total 2025 Total 2024 Note INCOME: Desi8nated fund Income Offering5 Donations, thher Income In GA tax One ofl donatlon5 Income from Charltabla Artivltlt$ 67,069 352,498 67.069 352,498 302,987 9,672 29,760 55.976 65.648 29,760 58,619 Children and Youth Hlre of Premises Other in¢ome Income from Inv•$tm•nts Inteiest recefvable Total 585 47.628 538 585 47.628 37.178 1,839 1,312 S09,062 1,312 565,038 4,116 408.826 5S.976 EXPENDITURE ON: Charltsble Actlvltles Staff payroll Staff expenses Donation5 made TLG School Outreach Chlldren ServSces and worship Discipleshlp Communlty Youth aEccunts Premises Office expènses Refurbishrnent Costs Deprétlatlon Governance Costs Oiher Total 214,165 19.666 60,923 214,165 19,666 111,348 178,109 18.70S 74,817 232 10,386 50,425 S,864 659 3,364 838 509 5A64 659 3.364 B38 3,390 645 943 87,932 7,053 23,577 14.597 2,796 2.654 430,526 3.944 IOL868 8.761 79 1>.675 3,034 4.141 492.199 101,868 8,761 79 13,675 3,034 4,141 441,774 SO,425 Net IncomellexpendlturÈl 67,288 5,551 72.839 121,7c(II Tfansfers b•een funds Total fund5 at 31 Oetember 2024 612.429 28.754 636.812 1,277,995 1,299.695 Totsl funds at 310ernber 2025 679.717 13 34305 636,812 1,350.834 1.277.995
Upton Valè Baptlst thurch Balance Sheet 51 Llecernber z015 Note 2025 2024 Fixed •ets Tan8ible 45SÈts 1,263,328 I,277.(3 1,263,328 I,277,(3 Curreni assets Debtors Cash at bank and in hand 160,916 103,402 160,916 103,402 Current Ilabllltles Creditor5'. amounts fallin8 due wlthin one year 12,4101 12.4101 Net current a55ets 158,506 100,992 Non currqnt Ilabllltlqs Credltor$.' amount$ 14lllD8 due over one year 171,OtsJl N•t•u•ts 1,350,834 1,377,995 Funds Unrestrl<ted Income funds Restrlcted funds Endowment funds 679,717 34,305 636,812 612.429 2B,754 636,812 io io Totsl lunds 1.350.834 1.277.995 Approved by the Bo?rd of Trustees ?nd slgned on Its behalf by: Kathryn Farnum (Chair of Gov#rnancg Trnst@951 Date.. Alexander Klttow (Chairof Trustees) Date.. 14
Vpton Vale Baptlst thurch Notes to th¢ F5nantlil Statements yr ended 31 December 2025 Ac¢ountin8 Policies •) G•neral Informatl?n upton V)1¢ 6aptlsi Churth Is è Char5table Incorporated OrganSsatlonwlth Irs Con#itui¢on beln8 the
avefnln8document. The ao was re8isiered on 21 December 2017.
Thetharity is reE15tered in EnEKqnd and Wales and detalls Df the rewstered officecan befound In th¢ reference and admlThlstratlve sertlon of th¢trustees' report. Thethbrity meet5the defifiitlon ol • poblic benefitentlty underFRSIO2. Thefunctional and pr•5entatianal currencyof Upton Vale 8apt15t Churchls CL¥nsldr•d to b•pwndE sterlin8 because It Is the currency of the prlmarytconomlc environmentin whiEh the charlty operate5. The accounts are rounded to full pound sterling. bl Ba515 PreParatIOn Theflnanclal 5tBternenrs have been prepared In accordanCeIh'Accountlng and Reportln¥ by ChJrllle5.. stsiemeniof Recommended Pra¢iice' appllcable io charllles prepirln8 thelr accounts In accordance wlth theCh4rltles SORP IFR$1021 Ind the Fln•ndil R•portln£ Standard aP1C4bI8 In the UK ond Republicof Ireland IFRS1021. Assets and Ilablllties are Iniii•lly reco8nls¢d at hls¢orlcil cost or irans•aion value unless oth¢rw15e staled In the reltrvant ac(ountlng pollcy notes. The flnandal statements have been prepared on 80in8 concern basls and thE Trustet5 •re ngt•W•Te of iny materlal uniertalntles that woufd cast doubt on thech3rity'5 ¥bi15ty to contlnue asa 8oln8 concern. Please refer to the Tru5tees' Repgrt on Pl8e 6 lor mored•iails of thè Impllc•tltyns olthe Covld.19 pindtmlt on thè 8oln8con¢•rn status of the chlrlty. Fund accounilni Unrestricted funds are avallablefor use atthe dlscreiion•lthetntstees In furtheranceof the 8eneral oblecrives ofthe church. Deslenate¢J lun¢Js are unrE5tricted fund¥ Earmarked by thetruste25 tor partlcular purpD5es. Re5trltted fund58re 5ublvr 10 r•5trl¢rionJ ¢n thtlrexpertdlture Imposed bythedmoror ¢hrou8h rhe rerrns of an appe•l. An endowment fund Is a fund where the assets must be held permanently by the chUh. dl Flxed 35sets Fumiture and equlpment in the church premlseswastransferredfrom the old charity lo the CIO en ljanuary 2018 at thelrei Lwk v•lup ot thatdate. Subsequent èddttion5 are included atcost, Indniidual Items Df tqulpm¢ntWith i purc5• prlee of £l,QOOor less are written off when the *ssei 154c4ulrod. Depit¢l•tlon Depreoation has not been tharEed on thechtsrch miseS.5ee'¢riti[l e5tiThote5" belowfor furtheTdetail5. Is
Upton Val4 Baptlst Church Notesto the Flnanclal Statem•nts Year ended 31 December 2025 Arcountsn8 Policles Icontlnuedl dl Flxed assets Icontlnuedl Depr8¢i•tlon on tsthtrflxed assets Is ealculated to wrlte off th•t05tlbookvJlu• on a stral8ht Ilo• bas15 gver their expECted useful life. as the followlng rates. Freehold proper Flxtures &flttlngs IT &technital eoulpment Church not depreciated and other prDperty2%5tral8ht Ilne 20% st¢ai8ht Ilne 33% 5tralghi Ilne •) Investment assets Invostments are stated at morket v•lLte atthe b•E•n¢e sheet date. Intom• Investmentinrome 15 indud¢d In the flnand•l statements In theyear for whl¢h It Is reeelv•ble. Dpnatipns and •r• •¢¢¢ufii•d for 8r¢ss wh•n 1•c••d. For leEacles, entltlement Is taken as the earller of thi dale en whl¢h eirher,. the chariiv Ss aware that probate ha5 been granted. lh¢ estat¢ has been nrt•ll$ed and notlllcatlon has been made bythe executors to the chèrlty that a d15tr1butlon wlll be mode, orwhEn p distrlbutiDn is received from the t$14te. Where leAacies have been notifled to the charfty, or th? ch•rsty is awareolthe 8rantln8 of probate. and tho crlterla for in¢pm• re¢o8nition have not been met. then the legary is a treatEd as a ¢ontln8ent Jsset ind dlsctosed If m•tenJl. oiher Incorne 5$ reco8nSsed In the per(od In whlch Itls rete1vable4 to the extent the4wds have been tsded0r on completion ofihe servlee. Don8ti¥ns Pay4bl¢ Donationsare madetu othEroryNisètiens Ind indbviduils whosech4rlt4ble oblt(ts complement th• work of the ¢hurch. These I acmunied forwhen pild. h) Expendlture All e¥pendirure Is aunted for on an arcruals ba515 and has been In¢ltsd¢d underexpense ¢èteÉorfe5that a£gregète •ll costslor èllootlon to artlvltles. RE15ing fvnd5 these ire c05ts1ncurred by th¢church In relatlonto the rnanagement of the lrtvèsimefits. Charit•blÈ acti¥itle5 Brecosts incurred bythe thurch in the delivery ol its •Gtivitit$ and services for Its benehcl8rles. Governan¢• costs These are£osts re53tÈd ta ihe 8ovemance olthe church. Much of the rnanè8ementis Carried out by valurtieers. at noto$t. GovernN¢e •l$o in¢ludesthe£05t5O5$0¢lated with thÈchurch meeng Its ¢on$tituti•n41 and $tatutory r*4virEments. CrlUcal accountln8lud8¢mnts and sourc4s of k•y •stlmatson uncertalnty In rhe applltatlon olThe tharlry'satcountlnB policies. whlth are dèstrlbed above. the trustee5 are required to make judgements, estimate5 and assumption$ abovtthe carryin8 arnounts of assets and 4labl1es thatore not readily appatfrorn other 5gurce5. The estim6tEs and a¢t13ted assumptions are based on htstoilcal oxperlonce aThd other factors ihit ar4 con51derÈdto be relevant. Actual results rnay differfromtheso Èstimates. 16
Upton Valè Baptlst Church Noles to the Flnancial Statements Voar ondod ai Doeémbar 2014 AttOunt1 Polldos Icontlnu•dl Crltlcal aOUntIng judgements and source5 of key estlmatlon uncertalnty IcoDtlnuedl The estlmatesand underfyin8assumptlons are reviewed on an on8oln8 basls. Revlslons to Ecounting e5timotes are recognised In the periDd inwhith the e5tim?te Is revised If the revision affects only that perfod. or In the perlod of the re$lon and future perleds If the revlslon affect5 both currrtntand futur perlod5. Tho follonBare th• ¢rSllcal 5Ltd8omonts and QSLlrnatos that thc trustee$ have made In the prottss of ipplyin8 Ihe ch•rlty's •<countln8 poll¢le$ and Ihai have the most slqnlffunt effecton the imounts reco¥ni5td In th•)INn¢l•l statements. Crftlral Judqernents - Key management petsonnel comprlsesthe trust Crltlcal estlmate5 No depre£lo¢lon15 provlded on ¢hur£h pr•rnl5•5, as th•trusites consld•rthatth• r•sldu41 volu• ol the premlses ar the end of thelr usolul Ille 1$ such thai depreciaison would be Immaterlal. The charity has a poll¢v 8nd pr•rtlce ol re8ular mèlntenance Ind repairsuch thjt these •Meis ore kept to thelrprevlou51y assessed standard ol performance, and the premlses areunllkÈtyto suffer fmm economicor te¢hnDloÈltsl obsoltycence. As a result the useful econornlc Ilfeolthese prml$es are expected to be very lonA. 17
Upton Val• B•ptlit Church Note$to the Flnanclal Statements Ye4r ended 11 OEcember 2025 Governance costs Total 2025 Tot•1 2024 Unr•rtrf¢t•d Re5tr1Etqd Independent examinatlon Attountancy 1.420 1,614 1.420 1,614 1.420 1.376 3,034 3,034 2,796 All of the 2024 & 2023 goverance costs were unresirlcted. Staff ¢05ts and emolum¢nts 2024 Wage$. salarles and soclal securfry cosr5 Penslon costs 193,539 20.626 157,581 20,528 214,165 178,109 Avera8e number of employees in period Mlnlsterlal staff Admlnlstratlve st•ff No employee12024.. NDnel was rtmunerattd above the rate of £60,CQO per annum. Tanilble flxed a55ets Fr•hold Property Flxtures a FbttSn45 IT& ttch equlp Chur¢h Totsl Co$t/v¥luotlon At ljanuary 2025 Addltlons 636,812 683,741 13.258 51742 1.386,553 At 31 Oecember 2025 636,812 683.741 13.258 52.742 1,386.553 Depreclitlon At ljanuary 2025 Char8e for period 43.550 13,675 13.258 52.742 109.550 13,675 At 31 December 2025 57,Z25 13,258 52,742 123,Z25 N•t bt>ok v¥lu Ai 31 December Z025 636,812 fjZS,516 1,253,528 At 31 DEcember2024 636.812 640.191 1.277,(X)3 18
Upton Valè Baptlst Chureh Note5to the Flnancial Statements Yaar ended al Dac•mbar 2025 D•btors 2025 2024 Trade debtors Accrued Sncome Bink and 202S 2024 CAF Uoyds TSB Kingdom Savinis Boy5 Brl8ade 8¥ptlst Unlon Bapt15t Unlon tOTporatlon Offity petty cash 105,394 54,102 1,420 83,354 11,097 256 8,411 160,916 103,402 Credltors: 4mounthlllnR due wlthln and over one yelr 2025 2024 Du¢ wlthln on yoar Credltors aThd accrua15 2,410 2,410 Due over on• y•4r M•mbers loans 71,1)Xl loo,000 73.410 102,410 Trustees. rmunrntltsn •nd rel•t•d p4rtytraniartlonJ Durfn8 th••r, there wo$ one trustee who was remunerated by the CrIty whlch toi•lled £39,92512024- £11,656) and E2,86012024. £1.4451 relatlng to penslon. Durfngtheyear£NII12024- E7181 of expenses were ièlmbursed tothetrLJStee. From July 2024 accommodation has been pded to Rev Simon Clayby Upton VBle Baptist Church. Ouring the year. the church pald 3 rominal contributlon of £12 (EI Fer monthl towBrd5 the Baptlst Unlon Penslon Scheme deflclt. Thls sch•m h•$ sin¢• b•efi wound up and th•£huich has no further Ilablllty. The Baptlst UnioA Trust corporaOn currontly hold thetitle deeds, as custodian trustee. ofthe church property Ènd £atta8e cafe an the thar(ty'5 behalf. [in8the year. no paymentwasmadÈtothE Spouse or other relativeofa Irtree. 19
Upton Vale Bapt15t Church Notes to thè Flnanclal Statements Year endod 91 D•c•mb•r2025 Unyéstrlrted funds of tho charbty 31 Decemb•r 2025 January Income Exp•ndlture TrBnsfè Oe$i8nated funds.. Speclal prole£t fund Resldent- Residentlals Glvlng Day Fund Manse Fund 113,362 1113,3621 3,334 63,745 3,334 40,163 123.5821 113,362 67,079 1136.9441 43,497 G¢n•r•l funds 499,067 441,983 1304A301 636,220 612,429 S09,062 1441,7741 679,717 Year Ended 31 December 2024 Icomparative fiBures 31 December 20251 CDmparative inforrnltivn in r•5PPCt of the precedin8 period Is a5 follow5.' 31 De¢embef 20Z4 J•nuary 2024 In¢om• EJÈpendllure Tr•nshrs Deslgnated fvnds: Speclal prolect fund Youth account Hall ProJe¢t Fund Manse Fund 113,368 161 113,362 4,087 15.0871 114,368 4,081 15,0871 113.362 Gen•rnl funds 525,073 358,616 13B9,7091 S,087 499,067 639,441 362.697 1389.7091 612,429 20
Upton V¥le Baptlst Church Note5 to the Financial Statement5 Yearended 31 Dember2025 io Endowment and restrictedfunds 31 December 2025 January 2025 Incom• Exp•ndltur• Tr¥nsf•rs Rertrlcted lunds: 2 8 Readv 8.137 22Q 276 19.000 6,576 1.945 117.4561 13,5451 12.0341 9,681 3,251 187 Acorn Albanla Fund Baptlst Unlon Home Ml$slon BFG BFG Fund BMS r¢lif fund. G2 BMS world misslon Boys Brigade CAP Money Cours05 1,916 I,oso L115 130 11,8751 11,1151 11551 1,091 143 520 520 Clalre Bedfoid 6NT RF- GNT Contineency Fi Indlvidual support fund Jubllee Leadèrshlp die5 Ministry Mlsc Restricted Glfts M155lon Mornout Pastoral fund Staff leavlng 8lfts Tron5forminR live5 Ukralnt Emergency Wlnter Nlght Shelter Youth ac¢ount 2,000 2,943 IL8001 1,143 653 2.659 2,414 4.159 5,657 12,2441 16.68ZI 13.2281 823 136 2,429 288 2,891 7,477 17,3371 3,031 212 200 212 1,572 2,877 4,940 2,4C 3,640 413 11,0281 17631 11,1631 5,690 28,754 55,976 150,4251 34,305 Endtswment fund Church premise5 636,812 636,812 665,566 55,976 150,4251 671,117 Restrlcted fijnds are funds e5tabli5hed by thethurchto enable IndlYklua15to support SPEtifted cats5es. Endowrn•ntfvnd- Church pr•mls¢s Thq church premlses are shown atslt¢ v•lu •$ It l J4nu•ry2018when theasset wastransferredlrem the old ¢h•rfE¥wihe cio. The proceids, should the church besold, Only be usedlvr erectlDn. alteration, Improvement. enl•rÈèment. adtlition Dr pulllng down and rpbuildiD8 ofthe existinB premises or purcha010thr Prarty whith 11 be held ¢n Baptist UnionTru5t Corpor4t1• h•ldln8 rru$tee. 21
Upton Vale Bapttst Church Nottsto ihe Hnan¢ial Statements Y•ar Ended 31 D•¢•mb•r 2024 IComparntiv• fi8ur•s 31 D•¢•mber 20251 10 Endowment and restrlcted funds 31 December 2024 January 2024 Income Expendltur Transfers Restrlcted funds: Pastoral fund Individual support fvnd Mornout Misslon Budget- Moldova Misc Restricted Gift5 CAP Money Courses lloy5 Bri¥ade Staff 5eaving gtfts Tran5fgrrnlnB lives BMS world msssion BMS relief fund- G2 8aplSst Union Home Misslon lubllee Leadefshlp YoLrth account Clairé Bedford Ladie5 Ministry Ukralne Emergency Acorn Warm space BFG. BFG Fund GNT RF. GNfcontlft8enty Fi Rework. Rework Fund Albanla Fund 2,483 2,943 288 250 1,544 520 1.487 6,971 16.5631 2,891 2.943 288 12501 15,4SS1 6,570 2,659 520 IL4871 1.231 20 143 1,433 11,2311 11501 14091 11.6421 14531 342 409 209 453 212 143 2,793 3.634 17371 5.690 653 122 916 653 200 1.300 3,D25 18021 2,029 11,2221 13,7211 220 2.069 2,000 3,135 20 Il1821 1,916 18,0 4,060 112.9981 13.8041 ,137 276 23,442 46,129 140,8171 28,754 Endowment fund Church premises 636,812 636,812 660,2S4 46,129 140.8171 66S,S66 Restrltted fund5 are funds e5tabllshed bythe ¢hur<h io enable Indlvldual$ to support specified causes. Endowmertfund- Church prem05es The Ehurih premlses are shown atsitewaluoas * iJanuary 2018 whEll thp a55etW75tran51erred frorDthe old ¢hèritytDthe CIO. The proceeds. Should thèchur¢h be sold, can only be used for 2reEtion, alteration, Improv•ment, enlaryement, addition or pullinB down and rebuildlng of th oxlstln8 promlsgs or purchase olother proyrty whlch wlll be held In Baptist Union Tru5tCorporètlon, a5 holdln8tru5tee. 22
Notes to thÈ Financial statements Yur ended 31 December 21)25 11 Analys15 of netassets between fund$ Unrestricted Restricted Endowrn•nt funds Funds Funds 2025 Total Tanglble assets Debtors Cash at bank and In hand Other current Ilabllltlès Other non curient liablllties 626,516 636,812 1,263,328 126,611 12,4101 171,0001 34.305 160,916 12,4101 171.0001 679,717 34.305 636.812 1,350,834 Y•4r End•d 31 D•c•mb•r 2024 Icomparatlve Ilgure5 31 Deiember 20251 Comp¥raiiv• Informailon In respect of the pretedln8 per5od Is as follows.. UnreArl¢t•d R•rtrlrt•d Endowm•nt Funds Funds Funds 2024 Total Tangible assets Debtors Cash at bank and In h¥nd Other current liabllltles Other non currènt liabilities 640,191 636,812 1277,003 74,648 IZ,4101 1100.0001 28,754 103,402 12.4101 1100,0001 612,429 28,754 636,812 1,277.995 23