CROYDE BAPTIST CHURCH
Trustees Annual Report and Accounts
January to December 2025
Charity number: 1195855
Consttuton and Charitable status
The Church is governed by a constitution which was approved by the Church members in May 2021. The Church became a registered CIO on 21[st] September 2021.
The principal purpose of the Church is the advancement of the Christian faith according to the Biblical principles of the Baptist denomination. The Church may also advance education and carry out other charitable purposes in the United Kingdom and/or other parts of the world.
Structure, Governance and Management
Members of the Church are accepted in accordance with the Constitution which requires them to have been publicly baptised on the profession of faith in Jesus Christ, or to have made a public profession of faith in Jesus Christ.
During 2025 we had approx. 65 people who worshipped with us on a regular basis including 47 in membership, and 24 children and young people. During this year we had no resignations. However, in August Charlie Barton went to be with the Lord. We were very sad but his thanksgiving service was a real celebration of his life. In 2025 we were thrilled to celebrate the baptism of 4 people on three separate occasions.
In 2025 five Church members' meetings were held. These meetings have responsibility for the overall life of the Church. The AGM was held on Sunday 20th July 2025. The two parts of the leadership team continued to meet: Trustees, who, together with the Minister, are responsible for the day to day running of the Church including finances, H&S and premises and plant met four times; and the Church Life Team, who, with the Minister, oversee the life and ministry of the church, met every month, except in August, for prayer and discernment.
Despite some long-term illness making attendance difficult for one trustee the trustees consisted of five members. One of the trustees stood down during 2025 and was not replaced meaning we ended the year with just four members (incl. the minister). Two people stood down from the Church Life Team and were not replaced which meant we ended the year with four members including the minister. Despite asking for additional trustees no one came forward.
As a Baptist church we believe in ‘the priesthood of all believers’, when every member is encouraged to take an appropriate part in the spiritual and practical tasks involved in the furtherance of the Church's purpose. Relevant matters may be submitted to the Church members' meeting by the Trustees for guidance and decision or may be raised by members in Church meeting for further consideration by the Trustees. Though the Constitution permits decisions to be made at Church meetings by appropriate majorities, the Church seeks to work by consensus wherever possible.
Objectves and Actvites
To achieve the principal purpose, which is set out above, the Church provides a variety of activities both to its membership and to the community generally. The aim is to show the love of Jesus Christ through our relationships, our words and our actions. It has been good to continue to meet together and strengthen our fellowship.
Though we like flexibility we have continued to follow a monthly pattern of services including an All-Age service with Communion on the first Sunday and a joint service with the Parish Church on any fifth Sunday. A typical week by week pattern is gathering over refreshments from 10.15am to 10.45am, worship, teaching, prayer followed by further refreshments afterwards. We also have lunch together every month on the first Sunday.
In September we initiated a Messy Church event at The Chapel in Georgeham. This was to run concurrently with another service at Croyde Baptist Church. We were encouraged by the first few months.
During 2025 we had three midweek groups meeting regularly for bible study, worship, fellowship and prayer including a new one for some of the young adults who had recently been baptised and joined the church. The groups mainly decide on their own study material.
A number of our young people participated in Discipleship Training Courses overseas both at the beginning of the year and at the end. The church were pleased to be supportive in both fundraising and prayer.
At the end of March some of the women in the church had another weekend together at Lee Abbey, and a group of about 20 attended CreationFest in Wadebridge over the summer holidays. This Christian Festival was significant for many people but especially for some of the young adults who came with us.
We have a small but steady group of children at Kids Church on Sunday mornings, led by a small but committed team. We are blessed to have a thriving group of teenagers who continued to meet at the Chapel twice a month on a Sunday morning with Christine and Matt from St George’s House.
In addition to our regular Sunday morning gatherings, we continued to enjoy our monthly informal worship gathering at the chapel on the third Sunday of the month called Sanctuary. These evenings have been very much appreciated by all who attend.
A small team continue to provide Monday Mornings @ CBC, a drop in open to anyone in the community but in reality it is a toddler group for parents and their pre-school children. We continue to be thrilled with the way our Community Project in Georgeham is building community and strengthening our outreach. We continued to employ Liz two days a week to lead this work, which includes the toddler group, a monthly community meal drawing together 30 – 40 plus people from the church and community, a termly Prayer Space at the local school, an Easter Trail on Good Friday, and our PopUp Café on a Friday which has been as popular as ever. We are still reliant on two grants we receive towards this, one from the Baptist Insurance Company and another from the South West Baptist Association. We need to review this arrangement in 2026. A small team continued to run Gathering once a month
on a Sunday evening though due to illness the team took a break. We also ran some Chapel Sessions at The Chapel which were well attended and we continued to participate in the Eco Church scehem run by A’Rocha and steadily progressed towards our silver award.
The Church operates Safeguarding Policy and Procedures to ensure that all people working with children and vulnerable adults are appropriately vetted with regard to the Disclosure and Barring Service. One of the trustees is the designated Safeguarding Trustee and we have a DPS and a deputy DPS who meet to review things as required. The responsible people have read, updated and monitored the guidance on Safeguarding provided by the SWBA, and are satisfied that the activities outlined above comply with our Policy and Procedures.
We can’t measure ‘success’ with numbers alone so use rather less tangible things like fellowship, encouragement, spiritual growth and generally providing a positive, beneficial impact in the community. It felt that 2025 was a significant year for the church. It was a time of consolidation. We thank God for all he continues to do amongst us and with us.
Like most charities, Croyde Baptist Church is heavily dependent on its membership working as volunteers in all aspects of the Church’s activities, many of which run with little or no impact on the Church’s expenditure, but nevertheless contribute substantially to the achievement of the Church’s objectives.
During the year, under the direction of one of our members, we continued to have various focus’ on the environment and creation care. We continued with our plan for the land attached to our church and were encouraged by the signs of developing biodiversity. And we continue to try and ensure that our activity and purchases are as environmentally care-full as possible. Purchases are not just made on the basis of cost but also on green and fairtrade credentials.
Ownership of property.
The church owns three premises: the premises known as Croyde Baptist Church, the property known as The Chapel, Georgeham, and the manse in Longland Lane in Georgeham. The legal
titles to these properties are held by the church's custodian trustee (The Baptist Union Corporation Limited) for the church as the beneficial owner (subject to the relevant trusts).
Throughout 2025 we carried out some major renovation work at the Church, including the refurbishment of the West Wall, and extensive renovation and improvement work at the Chapel, including dealing with long standing water ingress due to a problem with the roof, replastering and decorating the walls, renovating the kitchen and installing a new kitchen and equipment helped by a significant grant from The Baptist Building Company.
Further maintenance work at the Chapel and The Church Centre is planned for 2026 including repair to windows at GBC .
Financial Review and Independent examiner's report
The financial accounts for 2025 and report are set out in the accompanying financial statements. Apart from specific grants from external organisations, the Church raises all the funds which it needs to carry on its activities from within its own membership and congregation.
The Examined Accounts and Trustees Report were approved by the Trustees at their meeting on Thursday 7[th] May 2026 and was signed by the chair of the meeting. They will be presented to the church at our AGM on Wednesday 13[th] May 2026.
Charity informaton
Trustees: Andrew McCausland (Minister and Chair of Trustees); Cheryl Burge (Church Sec); and Jo Bailey (H&S). They were supported by Ben Nias as Treasurer. Registered Address: Croyde Baptist Church, St Mary’s Road, Cross, Croyde EX33 1PL Contact details: 07969969664
Email: croydebaptistchurch@gmail.com Web: https://www.croydebaptist.co.uk/
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Se¢tion A Independent Examiner's Report Report to the trustees mcooYD e SAFfisT GklL) QCH 31/12/25 On accounts for th• year ended Charity no {if •nyl IIqs255 Set out on pagès I réport to the trustees on my examinatton of the accounts of the above charty Ilhe Trusl") for the yèar ended As the charty's trusts, you are Tesponsible for the preparation of Ine a¢counts in accordance with the requirements ofthe Charit5 Act 2011 {'the AGt'I. Responsibiliti¢s and basis of report I feport in respect of my examination of the Tnjst's accounts carried out under $e¢tK)n 145 ofthe 2011 Act and in carrying out my examinab"on, I have followed all the applicabk Oirections given by the Charty Commission under sedion 14515llb} of the Acl. Independent tthe charity's gross in¢ome exceeded £250,000 and l am qualrfied to examlnerfs statement undertake the examination by being a qualified member of linsert name (rf applicable listed ]1. Delete I l if not applioable. I have eompleted my examination. l confimi that no material matters have come to my attention in connection with the examination (other than that dis¢losed t)elow'l whi¢h gives me cause to believe th* in, any material respectr. the accounting r8Gords were rt kept in accord8[e wth section 130 ofthe Cha¥ities Act.. or the accounts did not accord wtth the accounting records., or the 8c¢ounls did not comply with the applicable requirements concerning the fom) and corrtenl of accounts set out in the CharTties (Accounts Re[rts) Regulations 2008 other than any requirement that the accounts give a Xrue and fairf 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 connedion with the examination to which attention should bè drawn in this reFK7rt in order to enab a proper understanding olthe accounts to be re8thed. - Please delete th8 words in the brackets rfthey do not apply. Signed: Dats: Name: Relèvant profèssional qualificationlsl or body IER O¢t 2018
{rf any): Addr•ss: Section B Disclosure Only complete if the examiner needs to highlight material matters of concern Isee CC32, Independent examination of charty 8ccounts.- directions and guidance for examiners). Give here brief detalls of any items that thè examinèr wishes to disclose. J cards aro ogod to I+ loyaltr txjrchaso sthsioeivLCQS for chL)rd1 ace Lrdividual (ard£ cons1ded pwortk IN Ljkd? Ll personal itrgtns arÉ purcha0 Iy] con unctton With church itom isfow bjeh a sopdrate Inuoi cg Sh(rLLI d LetrLuarda thar would w]Itchtfvttal dfv PaJm2krt wNade , IER Oct 2018
I have been shown paperworkto 8&tisfactoriLy corroboratet*efoLlowin&. 1 r8ndomly selected invoice Irorn each month.- from from on on on from from from from from from from on OH on on on on on I on Iq trom 2 randomly selected expense claims from minister: for for on on 2 i¥or 2 random(y selected expense claims from ctsmmunityY4orker F£Co on All instances of expense claims from treasurer's spouse-. for on on for for for on on on 11 fLY LÈanin £LIPPI É.S 19/1/2 Evidenc8 of bank balances opening and ciosingto m8tch the accoutrts. Lknyds - 21,376. 85(OFk1) 11, zzi , qo (cloje) Signed . Date rij D26 tLIZA8Tr1 &o£eK.tLOAy. - Print Name_ u accwrts qlty 5z,bg.01 ctsiw 20711.61
CROYDE BAPTIST CHURCH
FINANCIAL STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024
GENERAL RECEIPTS & PAYMENT ACCOUNT
| ENERAL RECEIPTS & PAYMENT ACCOUNT | |||
|---|---|---|---|
| Note | 2025 | 2024 | |
| Receipts | |||
| Donations and other income | 2 | £67,365.09 | £58,789.79 |
| Rents and contributions for use of premises | £1,707.50 | £1,353.00 | |
| Legacies | £0 | £0.00 | |
| Investment Income | 3 | £453.60 | £2,974.33 |
| Raised for other causes | 4 | £781.68 | £3,807.71 |
| Total Receipts | £70,307.87 | £66,924.83 | |
| Payments | |||
| Ministry | 5 | £21,048.76 | £22,242.05 |
| Mission | 6 | £9,047.82 | £9,695.31 |
| Upkeep of church buildings | 7 | £77,397.83 | £80,589.70 |
| Administration | 8 | £1,349.13 | £1,391.85 |
| Amounts passed on to other causes | 9 | £3,165.66 | £2,243.25 |
| Total Payments | £112,009.20 | £116,162.16 | |
| Net receipts/(payments) for the year | £(41,701.33) | £(49,237.33) |
STATEMENT OF ASSETS AND LIABILITES AT 31 DECEMBER 2024
| Note | 2025 | 2024 | |
|---|---|---|---|
| Assets | |||
| Bank and other cash balances | |||
| Petty Cash | £0.00 | £0.00 | |
| Lloyds Bank Account | £17,221.90 | £21,376.83 | |
| BUC deposit account | £20,721.61 | £58,268.01 | |
| Other monetary assets: | |||
| Debtors | £0.00 | £0.00 | |
| Loans made | £0.00 | £0.00 | |
| Assets Held for Church’s own use | 10 | £1,000,000.00 | £1,000,000.00 |
| Total Assets | £1,037,943.51 | £1,079,644.84 | |
| Liabilities | |||
| Current Liabilities | 11 | £0.00 | £1,338.68 |
| Long Term Liabilities | 12 | £0.00 | £0.00 |
| Pension Scheme liability | 13 | £0.00 | £0.00 |
| Total Liabilities | £0.00 | £1,338.68 |
The accounts and statement of assets and liabilities relating to the year ending 31 December 2025 are as approved by the deacons.
Signed: Date: 13/04/2026
Ben Nias, Treasurer
Page 1 of 5
NOTES TO THE ACCOUNTS
1. Basis of accounts
These accounts have been prepared on a ‘receipts and payments’ basis and in accordance with Section
133 of the Charities Act 2011.
2. Donations and other income
| 2. Donations and other income | ||
|---|---|---|
| 2025 | 2024 | |
| Donations | £38,357.77 | £35,709.00 |
| Church Buildings Rent | £0 | £88.00 |
| Georgeham Chapel Renovations | £0 | £7,041.48 |
| Legacies | £0 | £0.00 |
| Chapel Workspace | £1,707.50 | £1,265.00 |
| Manse Rent | £0 | £0.00 |
| Gift Aid Reclaim | £15,310.49 | £0.00 |
| Church Services(Funerals/Weddings etc) | £0 | £0.00 |
| Grant Income | £10,000.04 | £13,620.00 |
| Other income(Card Sales/Gatheringetc) | £3,696.79 | £2,419.31 |
| Total Donations and Other Income | £69,072.59 | £60,142.79 |
3. Investment income
| 3. Investment income | ||
|---|---|---|
| 2025 | 2024 | |
| Bank interest* | £453.60 | £2,974.33 |
| Total Investment Income | £453.60 | £2,974.33 |
4. Raised for Other causes
| 2025 | 2024 | |
|---|---|---|
| BMS World Mission | £0 | £535.78 |
| Foryoung people on DTS | £439.91 | £1,037.95 |
| Gift for bereaved family | £0 | £1,395.00 |
| For Ilfracombe Salvation Army | £80.00 | £838.98 |
| Sparks | £261.77 | £0.00 |
| Total Raised for Other causes | £781.68 | £3,807.71 |
5. Ministry
| 5. Ministry | ||
|---|---|---|
| 2025 | 2024 | |
| Minister’s stipend | £14,067.79 | £12,122.64 |
| Pension contribution | £4,541.22 | £3,269.08 |
| HMRC | £1,459.66 | £2,570.94 |
| Other expenses[Petrol,movingcosts,manse broadband] | £980.09 | £4,279.39 |
| Total Ministry | £21,048.76 | £22,242.05 |
The Minister acts as one of the Church's leaders and receives remuneration and other benefits in respect of his services as Minister, including the provision of manse accommodation which is currently rented by
the church whilst our own manse is occupied. The pension contribution includes that which is made as a catchup payment to the old final salary scheme further explained in the accounts. The minister claims expenses monthly and provides full receipts for items he pays for on behalf of the church.
Page 2 of 5
6. Mission
| 6. Mission | ||
|---|---|---|
| 2025 | 2024 | |
| Home Mission | £1,800.00 | £1,800.00 |
| BMS World Mission | £1,800.00 | £1,800.00 |
| Other mission | £5,447.82 | £6,095.31 |
| Total Mission | £9,047.82 | £3,650.00 |
7. Upkeep of church premises
| 7. Upkeep of church premises | ||
|---|---|---|
| 2025 | 2024 | |
| Croyde Baptist Church | ||
| Electricity | £3,445.09 | £2,058.06 |
| Grounds Maintenance | £1,986.29 | £1,871.47 |
| Insurance | £1,627.55 | £1,585.78 |
| Repairs and maintenance | £10,125.42 | £55,233.36 |
| Water | £- | £0.00 |
| Speakers’ Fees | £670.00 | £100.00 |
| Broadband | £430.80 | £307.10 |
| Life on the Edge | £- | £97.98 |
| Kitchen | £405.45 | £668.48 |
| Other | £1,305.04 | £0.00 |
| Total Croyde Baptist Church | £19,995.64 | £61,922.23 |
| Georgeham Chapel | ||
| Electricity | £1,340.14 | £2,058.06 |
| Open House | £- | £0.00 |
| Insurance | £912.75 | £890.97 |
| Repairs and maintenance | £39,380.39 | £348.04 |
| Broadband | £297.66 | £365.78 |
| Water | £221.11 | £271.95 |
| Kitchen | £495.20 | £3,671.56 |
| Salary | £8,548.89 | £7,656 |
| Total Georgeham Chapel | £51,196.14 | £14,294.79 |
| Manse | ||
| Electricity | £1,126.42 | £1,143.36 |
| Insurance | £383.16 | £0.00 |
| Repairs and maintenance | £517.00 | £0.00 |
| Water | £775.40 | £737.78 |
| Council Tax | £2,478.60 | £2,491.54 |
| Oil | £925.47 | |
| Total Manse | £5,280.58 | £4,372.68 |
| Total Upkeep of churchpremises | £77,397.83 | £80,589.70 |
Page 3 of 5
8. Administration
| 8. Administration | ||
|---|---|---|
| 2025 | 2024 | |
| Printingand stationery | £262.60 | £566.18 |
| Licences | £823.28 | £618.67 |
| Subscriptions | £263.25 | £207.00 |
| Total Administration | £1,349.13 | £1,391.85 |
9. Amounts Passed On To Other Causes
| 9. Amounts Passed On To Other Causes | ||
|---|---|---|
| 2025 | 2024 | |
| ROTOM Ministries | £0 | £230.00 |
| Bereaved family | £425.00 | £975.30 |
| Young people attendingDTS | £0 | £1,037.95 |
| Salvation Army | £918.98 | £0 |
| Sparks | £261.77 | £0 |
| Youth mission | £1,559.91 | £0 |
| Total Amounts Passed On To Other Causes | £2,243.25 |
10. Assets Held for the Church’s own use
The church is the beneficial owner (subject to the relevant trusts) of the following assets, the legal title to
which is held by the Church’s custodian trustee, the Baptist Union Corporation Ltd:
-
Church premises, Croyde Baptist Church, Cross, Croyde, Braunton, Devon, EX33 1PL valued in the accounts at £350,000 based on the prospective redundant usage sale value which it is considered possible to attain in a willing market
-
Church manse at 17 Longland Lane, Georgeham, Braunton, Devon valued in the accounts at £450,000 based on present potential market values for a four-bed property in LongLand Lane
-
Georgeham Baptist Church, Chapel Street, Georgeham, Braunton, Devon, valued in the accounts at £200,000 at a redundant usage sale value considered possible to attain in a willing market
-
The Church also owns fixtures, furniture and equipment with no meaningful value albeit recognised to have ‘cost’ some tens of thousands of pounds – eg heating, Music/audio systems, etc.
11. Current Liabilities
| 11. Current Liabilities | ||
|---|---|---|
| 2025 | 2024 | |
| ROTOM Harvest Donations notyet transferred | £0.00 | £0.00 |
| Raised for Salvation Army,notyet transferred | £0.00 | £838.98 |
| Raised for bereaved familyand notyet transferred | £0.00 | £419.70 |
| Total Current Liabilities | £0.00 | £1,258.68 |
12. Long-Term Liabilities
| 12. Long-Term Liabilities | ||
|---|---|---|
| 2025 | 2024 | |
| Other | £0.00 | 0.00 |
| Total Long-Term Liabilities | £0.00 | £0.00 |
Page 4 of 5
13. Pension Scheme Liabilities
The Church is a participating employer of the Baptist Pension Scheme (“the Scheme”), which is a separate legal entity administered by the Pension Trustee (Baptist Pension Trust Limited). The assets of the Scheme are held separately from those of the Employer and the other participating employers.
The Scheme, previously known as the Baptist Ministers’ Pension Fund, started in 1925, but was closed to
future accrual of defined benefits on 31 December 2011. Prior to this date the main benefit provided through the Defined Benefit (DB) Plan was a pension of one eightieth of final minimum pensionable income for each year of pensionable service together with additional pension in respect of premiums paid on Pensionable Income in excess of Minimum Pensionable Income. Since 1 January 2012, benefits have been provided through a Defined Contribution (DC) Plan.
A formal valuation of the DB Plan was completed at 20 June 2023 by an Actuary using the Projected Unit Method. At the valuation date the market value of the DB Plan assets was £197 million, whilst the level of assets needed to pay benefits was £207m, giving a deficit of £10m (equivalent to a past service funding level of 95%). The Church and the other participating employers in the DB Plan are collectively responsible for funding this deficit. The next formal actuarial valuation of the DB Plan within the Scheme was due to take place on 31 December 2023. Whilst the formal results are not yet available, the recent interest rate environment has meant that the scheme deficit has been completely eliminated and as such, there is no longer any deficit to the scheme. Under the scheme rules, the Church still has to make a monthly payment in respect of the DB scheme though this amount is now only £1 which will increase in line with increases in Minimum Pensionable Income. The scheme is currently exploring a buy out which would remove this liability altogether.
Page 5 of 5
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Se¢tion A Independent Examiner's Report Report to the trustees mcooYD e SAFfisT GklL) QCH 31/12/25 On accounts for th• year ended Charity no {if •nyl IIqs255 Set out on pagès I réport to the trustees on my examinatton of the accounts of the above charty Ilhe Trusl") for the yèar ended As the charty's trusts, you are Tesponsible for the preparation of Ine a¢counts in accordance with the requirements ofthe Charit5 Act 2011 {'the AGt'I. Responsibiliti¢s and basis of report I feport in respect of my examination of the Tnjst's accounts carried out under $e¢tK)n 145 ofthe 2011 Act and in carrying out my examinab"on, I have followed all the applicabk Oirections given by the Charty Commission under sedion 14515llb} of the Acl. Independent tthe charity's gross in¢ome exceeded £250,000 and l am qualrfied to examlnerfs statement undertake the examination by being a qualified member of linsert name (rf applicable listed ]1. Delete I l if not applioable. I have eompleted my examination. l confimi that no material matters have come to my attention in connection with the examination (other than that dis¢losed t)elow'l whi¢h gives me cause to believe th* in, any material respectr. the accounting r8Gords were rt kept in accord8[e wth section 130 ofthe Cha¥ities Act.. or the accounts did not accord wtth the accounting records., or the 8c¢ounls did not comply with the applicable requirements concerning the fom) and corrtenl of accounts set out in the CharTties (Accounts Re[rts) Regulations 2008 other than any requirement that the accounts give a Xrue and fairf 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 connedion with the examination to which attention should bè drawn in this reFK7rt in order to enab a proper understanding olthe accounts to be re8thed. - Please delete th8 words in the brackets rfthey do not apply. Signed: Dats: Name: Relèvant profèssional qualificationlsl or body IER O¢t 2018
{rf any): Addr•ss: Section B Disclosure Only complete if the examiner needs to highlight material matters of concern Isee CC32, Independent examination of charty 8ccounts.- directions and guidance for examiners). Give here brief detalls of any items that thè examinèr wishes to disclose. J cards aro ogod to I+ loyaltr txjrchaso sthsioeivLCQS for chL)rd1 ace Lrdividual (ard£ cons1ded pwortk IN Ljkd? Ll personal itrgtns arÉ purcha0 Iy] con unctton With church itom isfow bjeh a sopdrate Inuoi cg Sh(rLLI d LetrLuarda thar would w]Itchtfvttal dfv PaJm2krt wNade , IER Oct 2018
I have been shown paperworkto 8&tisfactoriLy corroboratet*efoLlowin&. 1 r8ndomly selected invoice Irorn each month.- from from on on on from from from from from from from on OH on on on on on I on Iq trom 2 randomly selected expense claims from minister: for for on on 2 i¥or 2 random(y selected expense claims from ctsmmunityY4orker F£Co on All instances of expense claims from treasurer's spouse-. for on on for for for on on on 11 fLY LÈanin £LIPPI É.S 19/1/2 Evidenc8 of bank balances opening and ciosingto m8tch the accoutrts. Lknyds - 21,376. 85(OFk1) 11, zzi , qo (cloje) Signed . Date rij D26 tLIZA8Tr1 &o£eK.tLOAy. - Print Name_ u accwrts qlty 5z,bg.01 ctsiw 20711.61
CROYDE BAPTIST CHURCH
FINANCIAL STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024
GENERAL RECEIPTS & PAYMENT ACCOUNT
| ENERAL RECEIPTS & PAYMENT ACCOUNT | |||
|---|---|---|---|
| Note | 2025 | 2024 | |
| Receipts | |||
| Donations and other income | 2 | £67,365.09 | £58,789.79 |
| Rents and contributions for use of premises | £1,707.50 | £1,353.00 | |
| Legacies | £0 | £0.00 | |
| Investment Income | 3 | £453.60 | £2,974.33 |
| Raised for other causes | 4 | £781.68 | £3,807.71 |
| Total Receipts | £70,307.87 | £66,924.83 | |
| Payments | |||
| Ministry | 5 | £21,048.76 | £22,242.05 |
| Mission | 6 | £9,047.82 | £9,695.31 |
| Upkeep of church buildings | 7 | £77,397.83 | £80,589.70 |
| Administration | 8 | £1,349.13 | £1,391.85 |
| Amounts passed on to other causes | 9 | £3,165.66 | £2,243.25 |
| Total Payments | £112,009.20 | £116,162.16 | |
| Net receipts/(payments) for the year | £(41,701.33) | £(49,237.33) |
STATEMENT OF ASSETS AND LIABILITES AT 31 DECEMBER 2024
| Note | 2025 | 2024 | |
|---|---|---|---|
| Assets | |||
| Bank and other cash balances | |||
| Petty Cash | £0.00 | £0.00 | |
| Lloyds Bank Account | £17,221.90 | £21,376.83 | |
| BUC deposit account | £20,721.61 | £58,268.01 | |
| Other monetary assets: | |||
| Debtors | £0.00 | £0.00 | |
| Loans made | £0.00 | £0.00 | |
| Assets Held for Church’s own use | 10 | £1,000,000.00 | £1,000,000.00 |
| Total Assets | £1,037,943.51 | £1,079,644.84 | |
| Liabilities | |||
| Current Liabilities | 11 | £0.00 | £1,338.68 |
| Long Term Liabilities | 12 | £0.00 | £0.00 |
| Pension Scheme liability | 13 | £0.00 | £0.00 |
| Total Liabilities | £0.00 | £1,338.68 |
The accounts and statement of assets and liabilities relating to the year ending 31 December 2025 are as approved by the deacons.
Signed: Date: 13/04/2026
Ben Nias, Treasurer
Page 1 of 5
NOTES TO THE ACCOUNTS
1. Basis of accounts
These accounts have been prepared on a ‘receipts and payments’ basis and in accordance with Section
133 of the Charities Act 2011.
2. Donations and other income
| 2. Donations and other income | ||
|---|---|---|
| 2025 | 2024 | |
| Donations | £38,357.77 | £35,709.00 |
| Church Buildings Rent | £0 | £88.00 |
| Georgeham Chapel Renovations | £0 | £7,041.48 |
| Legacies | £0 | £0.00 |
| Chapel Workspace | £1,707.50 | £1,265.00 |
| Manse Rent | £0 | £0.00 |
| Gift Aid Reclaim | £15,310.49 | £0.00 |
| Church Services(Funerals/Weddings etc) | £0 | £0.00 |
| Grant Income | £10,000.04 | £13,620.00 |
| Other income(Card Sales/Gatheringetc) | £3,696.79 | £2,419.31 |
| Total Donations and Other Income | £69,072.59 | £60,142.79 |
3. Investment income
| 3. Investment income | ||
|---|---|---|
| 2025 | 2024 | |
| Bank interest* | £453.60 | £2,974.33 |
| Total Investment Income | £453.60 | £2,974.33 |
4. Raised for Other causes
| 2025 | 2024 | |
|---|---|---|
| BMS World Mission | £0 | £535.78 |
| Foryoung people on DTS | £439.91 | £1,037.95 |
| Gift for bereaved family | £0 | £1,395.00 |
| For Ilfracombe Salvation Army | £80.00 | £838.98 |
| Sparks | £261.77 | £0.00 |
| Total Raised for Other causes | £781.68 | £3,807.71 |
5. Ministry
| 5. Ministry | ||
|---|---|---|
| 2025 | 2024 | |
| Minister’s stipend | £14,067.79 | £12,122.64 |
| Pension contribution | £4,541.22 | £3,269.08 |
| HMRC | £1,459.66 | £2,570.94 |
| Other expenses[Petrol,movingcosts,manse broadband] | £980.09 | £4,279.39 |
| Total Ministry | £21,048.76 | £22,242.05 |
The Minister acts as one of the Church's leaders and receives remuneration and other benefits in respect of his services as Minister, including the provision of manse accommodation which is currently rented by
the church whilst our own manse is occupied. The pension contribution includes that which is made as a catchup payment to the old final salary scheme further explained in the accounts. The minister claims expenses monthly and provides full receipts for items he pays for on behalf of the church.
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6. Mission
| 6. Mission | ||
|---|---|---|
| 2025 | 2024 | |
| Home Mission | £1,800.00 | £1,800.00 |
| BMS World Mission | £1,800.00 | £1,800.00 |
| Other mission | £5,447.82 | £6,095.31 |
| Total Mission | £9,047.82 | £3,650.00 |
7. Upkeep of church premises
| 7. Upkeep of church premises | ||
|---|---|---|
| 2025 | 2024 | |
| Croyde Baptist Church | ||
| Electricity | £3,445.09 | £2,058.06 |
| Grounds Maintenance | £1,986.29 | £1,871.47 |
| Insurance | £1,627.55 | £1,585.78 |
| Repairs and maintenance | £10,125.42 | £55,233.36 |
| Water | £- | £0.00 |
| Speakers’ Fees | £670.00 | £100.00 |
| Broadband | £430.80 | £307.10 |
| Life on the Edge | £- | £97.98 |
| Kitchen | £405.45 | £668.48 |
| Other | £1,305.04 | £0.00 |
| Total Croyde Baptist Church | £19,995.64 | £61,922.23 |
| Georgeham Chapel | ||
| Electricity | £1,340.14 | £2,058.06 |
| Open House | £- | £0.00 |
| Insurance | £912.75 | £890.97 |
| Repairs and maintenance | £39,380.39 | £348.04 |
| Broadband | £297.66 | £365.78 |
| Water | £221.11 | £271.95 |
| Kitchen | £495.20 | £3,671.56 |
| Salary | £8,548.89 | £7,656 |
| Total Georgeham Chapel | £51,196.14 | £14,294.79 |
| Manse | ||
| Electricity | £1,126.42 | £1,143.36 |
| Insurance | £383.16 | £0.00 |
| Repairs and maintenance | £517.00 | £0.00 |
| Water | £775.40 | £737.78 |
| Council Tax | £2,478.60 | £2,491.54 |
| Oil | £925.47 | |
| Total Manse | £5,280.58 | £4,372.68 |
| Total Upkeep of churchpremises | £77,397.83 | £80,589.70 |
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8. Administration
| 8. Administration | ||
|---|---|---|
| 2025 | 2024 | |
| Printingand stationery | £262.60 | £566.18 |
| Licences | £823.28 | £618.67 |
| Subscriptions | £263.25 | £207.00 |
| Total Administration | £1,349.13 | £1,391.85 |
9. Amounts Passed On To Other Causes
| 9. Amounts Passed On To Other Causes | ||
|---|---|---|
| 2025 | 2024 | |
| ROTOM Ministries | £0 | £230.00 |
| Bereaved family | £425.00 | £975.30 |
| Young people attendingDTS | £0 | £1,037.95 |
| Salvation Army | £918.98 | £0 |
| Sparks | £261.77 | £0 |
| Youth mission | £1,559.91 | £0 |
| Total Amounts Passed On To Other Causes | £2,243.25 |
10. Assets Held for the Church’s own use
The church is the beneficial owner (subject to the relevant trusts) of the following assets, the legal title to
which is held by the Church’s custodian trustee, the Baptist Union Corporation Ltd:
-
Church premises, Croyde Baptist Church, Cross, Croyde, Braunton, Devon, EX33 1PL valued in the accounts at £350,000 based on the prospective redundant usage sale value which it is considered possible to attain in a willing market
-
Church manse at 17 Longland Lane, Georgeham, Braunton, Devon valued in the accounts at £450,000 based on present potential market values for a four-bed property in LongLand Lane
-
Georgeham Baptist Church, Chapel Street, Georgeham, Braunton, Devon, valued in the accounts at £200,000 at a redundant usage sale value considered possible to attain in a willing market
-
The Church also owns fixtures, furniture and equipment with no meaningful value albeit recognised to have ‘cost’ some tens of thousands of pounds – eg heating, Music/audio systems, etc.
11. Current Liabilities
| 11. Current Liabilities | ||
|---|---|---|
| 2025 | 2024 | |
| ROTOM Harvest Donations notyet transferred | £0.00 | £0.00 |
| Raised for Salvation Army,notyet transferred | £0.00 | £838.98 |
| Raised for bereaved familyand notyet transferred | £0.00 | £419.70 |
| Total Current Liabilities | £0.00 | £1,258.68 |
12. Long-Term Liabilities
| 12. Long-Term Liabilities | ||
|---|---|---|
| 2025 | 2024 | |
| Other | £0.00 | 0.00 |
| Total Long-Term Liabilities | £0.00 | £0.00 |
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13. Pension Scheme Liabilities
The Church is a participating employer of the Baptist Pension Scheme (“the Scheme”), which is a separate legal entity administered by the Pension Trustee (Baptist Pension Trust Limited). The assets of the Scheme are held separately from those of the Employer and the other participating employers.
The Scheme, previously known as the Baptist Ministers’ Pension Fund, started in 1925, but was closed to
future accrual of defined benefits on 31 December 2011. Prior to this date the main benefit provided through the Defined Benefit (DB) Plan was a pension of one eightieth of final minimum pensionable income for each year of pensionable service together with additional pension in respect of premiums paid on Pensionable Income in excess of Minimum Pensionable Income. Since 1 January 2012, benefits have been provided through a Defined Contribution (DC) Plan.
A formal valuation of the DB Plan was completed at 20 June 2023 by an Actuary using the Projected Unit Method. At the valuation date the market value of the DB Plan assets was £197 million, whilst the level of assets needed to pay benefits was £207m, giving a deficit of £10m (equivalent to a past service funding level of 95%). The Church and the other participating employers in the DB Plan are collectively responsible for funding this deficit. The next formal actuarial valuation of the DB Plan within the Scheme was due to take place on 31 December 2023. Whilst the formal results are not yet available, the recent interest rate environment has meant that the scheme deficit has been completely eliminated and as such, there is no longer any deficit to the scheme. Under the scheme rules, the Church still has to make a monthly payment in respect of the DB scheme though this amount is now only £1 which will increase in line with increases in Minimum Pensionable Income. The scheme is currently exploring a buy out which would remove this liability altogether.
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