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2025-03-31-accounts

REGISTERED CHARITY NUMBER: 1182820

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2025

for

SURBITON NEW LIFE BAPTIST CHURCH

Ark Accountancy Limited Chartered Certified Accountant 56-58 High Street Ewell Epsom Surrey KT17 1RW

SURBITON NEW LIFE BAPTIST CHURCH

Contents of the Financial Statements for the Year Ended 31 March 2025

Page
Report of the Trustees 1 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Financial Statements 10 to 16
Detailed Statement of Financial Activities 17 to 18

SURBITON NEW LIFE BAPTIST CHURCH

Report of the Trustees

for the Year Ended 31 March 2025

Surbiton New Life Baptist Church operated as an unregistered charity until 4.4.19, governed by the rules of the London Baptist Association. It was registered as a CIO (charitable incorporated organisation) from 5.4.19. The charity reference is 1182820.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The purpose of Surbiton New Life Baptist Church CIO is the advancement of the Christian faith in accordance to the principles of the Baptist denomination. In addition, Surbiton New Life Baptist Church advances education and carries out other charitable purposes in the United Kingdom and/or other parts of the world. The CIO was set up with the intention to transfer off all of the activities, assets, and liabilities of the existing unincorporated Surbiton New Life Baptist Church to Surbiton New Life Baptist Church CIO.

Page 1

SURBITON NEW LIFE BAPTIST CHURCH

Report of the Trustees

for the Year Ended 31 March 2025

ACHIEVEMENTS AND PERFORMANCE Charitable activities Pastor’s Annual General Meeting Report (Revd Richard Asante) 26th November 2025

Introduction

This report reflects on the life and ministry of Surbiton New Life Baptist Church over the past year. We give thanks to God for His faithfulness, His provision, and the steady growth we have witnessed both spiritually and numerically. We have experienced His grace in our worship, discipleship, outreach, and community engagement. While we celebrate what God has done, we also acknowledge areas where we need to grow, especially in volunteer commitment, financial support, and leadership development.

As we look ahead, may we remain inspired by what God is doing among us and continue to commit ourselves wholeheartedly to His purpose and vision for this church.

1. Spiritual Overview

Theme for the Year : God’s Kingdom

Key Scripture : Zechariah 14:9

Vision Statement : "Seeking to restore our sense of divine identity, heritage, purpose, potential and destiny."

Teaching Focus

The year’s teaching was structured around quarterly themes:

These themes have helped to establish a clearer spiritual foundation and understanding of our identity in Christ.

Discipleship and Growth

Encouraging Signs

Challenges

Page 2

SURBITON NEW LIFE BAPTIST CHURCH

Report of the Trustees

for the Year Ended 31 March 2025

2. Worship and Ministry Activities Worship Services & Prayer

Sunday Attendance : 50-70 people (including children and youth).

Midweek Prayer : Bethel Encounter and Zoom prayer meetings have 5-6 regular participants.

Evangelism and Outreach

We launched community evangelism with the support of Impact 24/7, holding outreach sessions at Surbiton Station. These include gospel preaching, prayer, and distribution of Bibles, tracts, and Christian literature.

Ministry Highlights

- Tots & Carers : Weekly term-time sessions with 8-15 children and carers, offering play, crafts, and fellowship.

- Vibrant Fellowship (20s & 30s) : Involved in prayer, outreach, and evangelism initiatives, including prayer retreats at Ashburnham Place.

3. Leadership and Administration

Leadership Update

Appreciation

I express deep gratitude to our deacons:

We also sincerely thank all volunteers and ministry workers who serve faithfully in areas such as catering, pastoral care, cleaning, youth work, prayer, and hospitality.

Policies

Page 3

SURBITON NEW LIFE BAPTIST CHURCH

Report of the Trustees

for the Year Ended 31 March 2025

4. Testimonies and Signs of Impact

These are clear signs that God is at work among us.

5. Challenges and Lessons

Despite the progress, some challenges remain:

These challenges remind us that church is a shared responsibility. Growth requires collective commitment.

6. Vision for 2026

Theme : The Church on Mission (Acts 1:8) Vision Statement: “Empowered by the Spirit, we are a church that goes, serves, gives, and transforms our community and the world.”

Strategic Focus :

Call to Action

As we move forward into a new year, I encourage every member and regular attender to prayerfully reflect on three key areas:

This is not just the leadership’s vision, but it is God’s mission for us all. Every gift, every prayer, and every act of service matters

Page 4

SURBITON NEW LIFE BAPTIST CHURCH

Report of the Trustees

for the Year Ended 31 March 2025

Conclusion

I thank every member, volunteer, leader, and friend of Surbiton New Life Baptist Church for your faithfulness and sacrifice throughout this year.

We look ahead with faith and expectation, trusting God to continue building His Church among us. Let us move forward united, Spirit-filled, and mission-focused, knowing that “He who began a good work in us will carry it on to completion” (Philippians 1:6).

May God bless our church, our families, and all the work of our hands.

To God be all the glory.

FINANCIAL REVIEW

Reserves policy

It is the opinion of the Charity Trustees that there are sufficient reserves to maintain on-going operations. The trustees have complied with the duty in sections 17(5) of the 2011 Charity Act to have due regard to public benefit guidance published by the Charity Commission.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The church is controlled by its governing document, a constitution, and constitutes a charitable incorporated organisation, company number CE017081, a charity registered as a body corporate under part 11 of the Charities Act 2011. It is also governed by the rules of the London Baptist Association

Organisational structure

The pastor and deacons of the Church are the Charity Trustees and are responsible for the governance of the Church and the fulfilment of the purposes through its activities acting according to the will of God as discerned by the Church Members' meetings. The Church's organizational structure and the procedure for the appointment of the leadership are specified in the Church constitution. This constitution was approved by the Church meeting and can only be altered by a resolution of a Special Church Members' Meeting.

Wider network

Surbiton New Life Baptist Church is part of the wider network of Baptist Churches in the UK.

Risk management

The Charity Trustees are aware of the need to examine the major financial, strategic, and operational risks faced by the Church. We confirm that systems have been established so that necessary steps can be taken to manage and mitigate those risks..

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1182820

Principal address

6 Langley Road Surbiton Surrey KT6 6QJ

Page 5

SURBITON NEW LIFE BAPTIST CHURCH

Report of the Trustees

for the Year Ended 31 March 2025

Trustees

Dr J Orton (General Practitioner - retired) J Waters (Interim secretary - retired) Rev R Asante (Pastor) J Oosthuizen (Treasurer) Ms V Bagley (Pastoral care)

Independent Examiner

Mary E Ryan Ark Accountancy Limited Chartered Certified Accountant 56-58 High Street Ewell Epsom Surrey KT17 1RW

Solicitors

Anthony Collins 134 Edmund Street Birmingham B3 2ES

Minister

Rev Richard Asante

Secretary (interim)

John Waters

Approved by order of the board of trustees on 28 January 2026 and signed on its behalf by:

Rev R Asante - Trustee

Page 6

Independent Examiner's Report to the Trustees of SURBITON NEW LIFE BAPTIST CHURCH

Independent examiner's report to the trustees of SURBITON NEW LIFE BAPTIST CHURCH

I report to the charity trustees on my examination of the accounts of SURBITON NEW LIFE BAPTIST CHURCH (the Trust) for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

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:

  1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts 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 no concerns and 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 accounts to be reached.

Mary E Ryan

Ark Accountancy Limited Chartered Certified Accountant 56-58 High Street Ewell Epsom Surrey KT17 1RW

28 January 2026

Page 7

SURBITON NEW LIFE BAPTIST CHURCH

Statement of Financial Activities

for the Year Ended 31 March 2025

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
Investment income
2
Total
EXPENDITURE ON
Charitable activities
Property - Langley Road
Property- Balaclava Road
Property - Northcote Avenue (Manse)
Ministerial
Langley Road church meetings
Mission/The Well
Other support costs
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
59,899
48,072
107,971
3,057
1,038
-
21,748
-
11,094
71,446
108,383
(412)
2,733,112
2,732,700		 Restricted
fund
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 31.3.25
Total
funds
£
59,899
48,072
107,971
3,057
1,038
-
21,748
-
11,094
71,446
108,383
(412)
2,733,112
2,732,700		 31.3.24
Total
funds
£
64,367
57,056
121,423
18,713
16,970
6,481
20,635
140
8,406
31,771
103,116
18,307
2,714,805
2,733,112

The notes form part of these financial statements

Page 8

SURBITON NEW LIFE BAPTIST CHURCH

Balance Sheet

31 March 2025

Notes
FIXED ASSETS
Tangible assets
6
Investment property
7
CURRENT ASSETS
Debtors
8
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
9
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
11
Unrestricted funds
TOTAL FUNDS		 Unrestricted
funds
£
10,773
2,700,000
2,710,773
9,109
15,999
25,108
(3,181)
21,927
2,732,700
2,732,700		 Restricted
fund
£
-
-
-
-
-
-
-
-
-
-		 31.3.25
Total
funds
£
10,773
2,700,000
2,710,773
9,109
15,999
25,108
(3,181)
21,927
2,732,700
2,732,700
2,732,700
2,732,700		 31.3.24
Total
funds
£
5,079
2,700,000
2,705,079
15,077
22,396
37,473
(9,440)
28,033
2,733,112
2,733,112
2,733,112
2,733,112

The financial statements were approved by the Board of Trustees and authorised for issue on 28 January 2026 and were signed on its behalf by:

R Asante - Trustee

The notes form part of these financial statements

Page 9

SURBITON NEW LIFE BAPTIST CHURCH

Notes to the Financial Statements for the Year Ended 31 March 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant, fixtures & fittings, PA - 25% on cost Office equipment - 50% on cost and 20% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

continued...

Page 10

SURBITON NEW LIFE BAPTIST CHURCH

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

2. INVESTMENT INCOME

2. INVESTMENT INCOME
31.3.25 31.3.24
£ £
Rents received 48,026 57,052
Deposit account interest 46 4
48,072 57,056
3. TRUSTEES' REMUNERATION AND BENEFITS
31.3.25 31.3.24
£ £
Trustees' salaries 43,487 37,329
Trustees' pension contributions to money purchase schemes 7 3,942
43,494 41,271

Trustees' expenses

Three trustees were reimbursed expenses of £3,025 in the year (2024 £2,969 to one trustee)

4. STAFF COSTS

The average monthly number of employees during the year was as follows:

Minister
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
64,367
Investment income
57,056
Total
121,423
EXPENDITURE ON
Charitable activities
Property - Langley Road
18,713
Property- Balaclava Road
16,970
Property - Northcote Avenue (Manse)
6,481
Ministerial
20,635
Langley Road church meetings
140
Mission/The Well
8,406
Other support costs
31,771		 31.3.25
1
Restricted
fund
£
-
-
-
-
-
-
-
-
-
-		 31.3.24
1
Total
funds
£
64,367
57,056		 31.3.24
1
Total
funds
£
64,367
57,056
121,423
18,713
16,970
6,481
20,635
140
8,406
31,771

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

continued...

Page 11

SURBITON NEW LIFE BAPTIST CHURCH

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

5.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
Restricted
funds
fund
£
£
Total
103,116
-
NET INCOME
18,307
-
RECONCILIATION OF FUNDS
Total funds brought forward
2,714,805
-
TOTAL FUNDS CARRIED FORWARD
2,733,112
-
6.
TANGIBLE FIXED ASSETS
Plant,
fixtures
& fittings,
Office
PA
equipment
£
£
COST
At 1 April 2024
15,087
7,385
Additions
10,117
-
At 31 March 2025
25,204
7,385
DEPRECIATION
At 1 April 2024
10,008
7,385
Charge for year
4,423
-
At 31 March 2025
14,431
7,385
NET BOOK VALUE
At 31 March 2025
10,773
-
At 31 March 2024
5,079
-		 Total
funds
£		 Total
funds
£
103,116
18,307
2,714,805
2,733,112
Totals
£
22,472
10,117
32,589
17,393
4,423
21,816
10,773
5,079

continued...

Page 12

SURBITON NEW LIFE BAPTIST CHURCH

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

7. INVESTMENT PROPERTY

FAIR VALUE
At 1 April 2024
and 31 March 2025
NET BOOK VALUE
At 31 March 2025
At 31 March 2024
Fair value at 31 March 2025 is represented by:
Valuation in 2025
8.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25
£
Trade debtors
2,508
Other debtors
6,601
9,109
9.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25
£
Bank loans and overdrafts (see note 10)
1
Trade creditors
1,740
Other creditors
1,440
3,181
10.
LOANS
An analysis of the maturity of loans is given below:
31.3.25
£
Amounts falling due within one year on demand:
Bank overdrafts
1
Bank loans
-
1		 £
2,700,000		 £
2,700,000
2,700,000
2,700,000
£
2,700,000
31.3.24
£
1,818
13,259
15,077
31.3.24
£
8,000
-
1,440
9,440
31.3.24
£
-
8,000
8,000
8,000

continued...

Page 13

SURBITON NEW LIFE BAPTIST CHURCH

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

11. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Property - Langley Road
Property - Balaclava Road
Property - Northcote Avenue
Ministerial
Mission/The Well
150th Anniversary Celebration
Sound Equipment
Digital Collection Plate
TOTAL FUNDS
Net movement in funds, included in the above are a
Unrestricted funds
General fund
Property - Langley Road
Property - Balaclava Road
Property - Northcote Avenue
Ministerial
Mission/The Well
Sound Equipment
Digital Collection Plate
TOTAL FUNDS		 At 1.4.24
£
5,026
964,135
982,450
775,000
-
-
2,628
3,466
407
2,733,112
2,733,112
s follows:		 Net
movement
in funds
£
(23,471)
42,718
20,625
(6,151)
(21,748)
(11,094)
-
(1,155)
(136)
(412)
(412)
Incoming
resources
£
46
68,455
39,181
289
-
-
-
-
107,971
107,971		 Transfers
between
funds
£
38,567
(51,548)
(26,012)
6,151
21,748
11,094
-
-
-
-
-
Resources
expended
£
(23,517)
(25,737)
(18,556)
(6,440)
(21,748)
(11,094)
(1,155)
(136)
(108,383)
(108,383)		 At
31.3.25
£
20,122
955,305
977,063
775,000
-
-
2,628
2,311
271
2,732,700
2,732,700
Movement
in funds
£
(23,471)
42,718
20,625
(6,151)
(21,748)
(11,094)
(1,155)
(136)
(412)
(412)

continued...

Page 14

SURBITON NEW LIFE BAPTIST CHURCH

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

11. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Property - Langley Road
Property - Balaclava Road
Property - Northcote Avenue
Ministerial
Mission/The Well
Tots & Carers
150th Anniversary Celebration
Sound Equipment
Digital Collection Plate
TOTAL FUNDS		 At 1.4.23
£
7,926
951,371
980,508
775,000
-
-
-
-
-
-
2,714,805
2,714,805		 Net
movement
in funds
£
(18,020)
34,406
28,491
(6,481)
(20,635)
(8,406)
2,654
2,628
3,345
325
18,307
18,307		 Transfers
between
funds
£
15,119
(21,641)
(26,549)
6,481
20,635
8,406
(2,654)
-
121
82
-
-		 At
31.3.24
£
5,025
964,136
982,450
775,000
-
-
-
2,628
3,466
407
2,733,112
2,733,112

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Property - Langley Road
Property - Balaclava Road
Property - Northcote Avenue
Ministerial
Mission/The Well
Tots & Carers
150th Anniversary Celebration
Sound Equipment
Digital Collection Plate
TOTAL FUNDS		 Incoming
resources
£
5,966
59,554
45,461
-
-
-
2,654
2,828
4,500
460
121,423
121,423		 Resources
Movement
expended
in funds
£
£
(23,986)
(18,020)
(25,148)
34,406
(16,970)
28,491
(6,481)
(6,481)
(20,635)
(20,635)
(8,406)
(8,406)
-
2,654
(200)
2,628
(1,155)
3,345
(135)
325
(103,116)
18,307
(103,116)
18,307		 Resources
Movement
expended
in funds
£
£
(23,986)
(18,020)
(25,148)
34,406
(16,970)
28,491
(6,481)
(6,481)
(20,635)
(20,635)
(8,406)
(8,406)
-
2,654
(200)
2,628
(1,155)
3,345
(135)
325
(103,116)
18,307
(103,116)
18,307
18,307
18,307

Page 15

continued...

SURBITON NEW LIFE BAPTIST CHURCH

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

12. RELATED PARTY DISCLOSURES

Remuneration of £43,487 was paid to one trustee in the year (2024 £37,329).

Donations totalling £18,924 were received from 3 trustees in the year (2024 £23,990 from 5 trustees)

Page 16

SURBITON NEW LIFE BAPTIST CHURCH

Detailed Statement of Financial Activities for the Year Ended 31 March 2025

Detailed Statement of Financial Activities
for the Year Ended 31 March 2025
31.3.25 31.3.24
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Gifts & collections 12,945 13,892
Donations 13,483 22,076
Gift aided donations & refunds 33,471 28,399
59,899 64,367
Investment income
Rents received 48,026 57,052
Deposit account interest 46 4
48,072 57,056
Total incoming resources 107,971 121,423
EXPENDITURE
Charitable activities
Trustees' salaries 21,744 18,664
Trustees' pension contributions 4 1,971
Pulpit expenses 870 140
Outreach Facilitation 5,557 2,433
Premises expenses 3,225 4,248
Grants to institutions 4,967 5,548
Grants to individuals 570 425
36,937 33,429
Support costs
Management
Trustees' salaries 21,743 18,665
Trustees' pension contributions 3 1,971
Rates and water 4,684 5,340
Insurance 5,511 5,374
Light and heat 10,958 10,733
Telephone 5,137 3,217
Postage and stationery 331 366
Sundries 300 -
Repairs & renewals 2,492 4,572
Cleaning 8,580 8,680
Motor, travel & subsistence 1,235 3,654
Books & subscriptions 3,956 2,219
Carried forward 64,930 64,791

This page does not form part of the statutory financial statements

Page 17

SURBITON NEW LIFE BAPTIST CHURCH

Detailed Statement of Financial Activities for the Year Ended 31 March 2025

Detailed Statement of Financial Activities
for the Year Ended 31 March 2025
31.3.25 31.3.24
£ £
Management
Brought forward 64,930 64,791
Computer costs 652 256
Plant & machinery depreciation 4,424 2,402
Fixtures & fittings deprec'n - 798
70,006 68,247
Governance costs
Accountancy fees 1,440 1,440
Total resources expended 108,383 103,116
Net (expenditure)/income (412) 18,307

This page does not form part of the statutory financial statements

Page 18