ANNUAL REPORT FOR BOSTON BAPTIST TRUST YEAR ENDED 31[ST] MARCH 2025 The Charity continued to meet it objectives for the year. It has made grants of £12000 to Boston Baptist Church to support the ministry of the church. In addition, it has continued in a major restoration/refurbishment project to the church buildings amounting to £85356. In addition the Trust purchased a new Manse (£327928) in anticipation of Boston Baptist Church appointing a new minister in the near future. Although fundraising has continued to be a challenge the rental properties have performed well with good occupancy and the investments with NS&I have shown a better return due to higher interest rates. Although it is anticipated this will reduce as reserves used for the restoration/ refurbishment of the buildings will reduce the amount invested. It is anticipated that the investment in the buildings of the church will be completed in early 2026 with the completion of the car park resurfacing and that the charity will be exploring the issue of grants to a wider field of applicants in 2025/26 The trust also said farewell to it chairman Mr Kevin Smithbone and two other trustees after several years of faithful service. Recruitment of new trustee is currently underway. BOSTON BJPTIST TRIIST P196741) TES TO ACCfAINTS BOSTON BAPTIST TRUST 1196748 STATEMENT OF ACTIVITIES 24- FL¥h15 Income Nei InDume from ryopertyrerrt Incl￿ Irorn Inve5Ulletts IncrMr* Ircrn d15rm￿l c1355ets È34.1?4.26 E19.660.86 34470.31 22Z71.95 296.os £0.00 E53,835.12 E5B,74L26 2.*7 14 Resources Expended ChDviiabl• BD5tDn BaF￿t Church ChLYch Building B05ton Free ChL¥th Cen*Ldy [l2.￿D00 £85.356.62 £6.75000 1B150 109785.29 É6.1$0.00 E24.418.67 6.750.00 Cosi 01 Grant Maknng È104,106.62 È127.93S.29 23.828.67 Grf4ernBnce Cos Misc. M&n5e Ins￿a￿lè £7E6.80 E1.233 40 351.8 ￿￿0 £435.00 É1.2J3.40 E12B,2•7.09 ÉIZ.110.27 NET WTWNG) INCI￿1NG RESOURCE5 BEFORE TRANSFERS -£5Z.251 7 71.544.63 £19.753.13 Tra￿e NET ((WG¢YNG) IN¢1.70 -tT1.544.BJ ÈlYJSI.IJ BOSTON BAPTIST TRUST BALANCE SHEET 1196748 24125 Nolrt CwrgN Y 23124 Pnor Y FixedAssets Tan9bbp As5o15 Farm Hwse Ekn¥￿ A¥￿L* Lvng Walk Ildd Closg l H*on Wthy 3H*May So Gdr& Imans•l £125,(￿ 00 E137,42? 63 E159.855.33 E15D.(XM).00 E15D.(XM).00 £327,928.46 £-00 E5D,(XM).00 El25,WO Trj t137,422.6J E159.85&33 E150.(X)O.(X) E150.(XM).IX) Farm L8rn1 £5aLXK).￿j Tcial Ta￿￿b￿ Ass*s £1.10D,207.42 f172.Z78.56 MS&I E302,551.00 t6B7.551.1)J Toial Flxed Assets É1.402.758.42 £1.459,829.96 Cu￿entAS5ets Casn * Bar* In Hand £12,69B.52 £7,918.68 To￿1 Cwrent Asse E1,415,456.91 £1,467,74&64 Llaknlities CrÉ¥JilL¥S l*hr¥J cffje y £-00 Total less current Liabilitiès E1 415 450.94 £1 467 748.64 Jiirxs l*thry aftw mue ihan ￿ yew £-00 £D) Ilet Assots E1,415.45B.94 £1,467,748.6 F￿￿J$ c4 th• Charliy Gewal Ftstvjs Bfr* £143.617.29 £110.552.37 Re5r1k1￿ 10 £1.271.839.65 £1.357.196.27 To￿1 Funds E1.415.455.94 E1.467.74&64 CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trustees Boston Baptist Church On accounts for the year ended 31st March 2025 Charity no (if any 1196748 Set out on pages I report to the trustees on my examination of the accounts ofthe above charity ("the Trusl'l for the year ended 31103 12025. Responsibilities and basis of report As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'the Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(51{b} of the Act. Independent I have completed my examinalion. I confirm that no material matters have examiner's statement come to my attention in connection with the examination (other than that disclosed below ") which gives me cause to believe that in, any material respect.. the acGounting reGords were not kept in accordance with section 130 of the Charities Act., or the accounts did not accord with the accounting records,. or the accounts did 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 acGounls give a 'true and fair, view which is not a matter onsidered 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. Please delete the words in the brackets if they do not apply. Signed: Date: 3010712025 Name: Andrew Gilbert Relevant professional qualification{s} or body (if any): ACCA {membership number 4399901} Address: 26 Princess Avenue Oakham, LE15 6PQ IER Oct 2018 Section B Disclosure Only complete if the examiner needs lo highlight material matters of concern (see CC32, Independent examination of charity accounts.. directions and guidance for examiners}. GSve here brief details of any items that the examiner wishes to disclose. IER Oct 2018