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2025-12-31-accounts

HEREFORD BAPTIST CHURCH

UNAUDITED REPORT AND ACCOUNTS

YEAR ENDED 31 DECEMBER 2025

Registered No. 1199579

Hereford Baptist Church

Contents (continued)

Trustees' Report 1 to 6
Statement of Trustees' Responsibilities 7
Independent Examiner's Report 8
Statement of Financial Activities 9 to 10
Balance Sheet 11
Notes to the Financial Statements 12 to 24

Hereford Baptist Church

Trustees' Report

Hereford Baptist Church (HBC), a Charitable Incorporated Organisation, was registered with number 1199579 on 7 July 2022 and took over the assets and operations of Hereford Baptist Church, an unincorporated trust, registered number 1131325 on 1 April 2023. The unincorporated trust was subsequently removed from the Charity Commission register.

The Trustees present their report and unaudited accounts for HBC for the year ended 31 December 2024. The accounts have been prepared in accordance with applicable accounting standards and the Charities SORP (FRS102) - Statement of Recommended Practice 2019: Accounting and Reporting by Charities.

Objectives and activities

Objects and aims

HBC is governed by a constitution which states that the principal purpose of the Church is the advancement of the Christian faith according to the 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.

The Church provides a variety of activities both to its membership and to the wider community. The aim is to show the love of Jesus Christ in both words and actions – assisting within the community and bringing those who wish into a closer relationship with Him as living Lord.

Public benefit

When planning HBC’s activities for the year, the Trustees have considered the Charities Commission guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. We try to enable ordinary people to live out their faith as part of a community of believers through:

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Page 1

Hereford Baptist Church

Trustees' Report (continued)

Structure, governance and management

Organisational structure

HBC is governed by Trustees consisting of the Minister and Deacons.

The church operates systems to ensure that all people working with children and vulnerable adults are appropriately vetted by reference to Disclosure and Barring Service (DBS) checks and procedures and have completed safeguarding training.

Members of HBC are accepted in accordance with the requirements of the Constitution. The normal mode of entry into membership of a Baptist Church is to have been publicly baptised on the profession of faith in Jesus Christ. However, persons seeking membership who have not been publicly baptised may be accepted into membership at the discretion of the church meeting based on their own public profession of faith. Membership is regularly reviewed, and names of non-active members removed. Membership at the end of December 2025 was 96 (2024: 102).

Church Members’ Meetings are scheduled to take place six times in each calendar year and have responsibility for the overall policy of the church. The Constitution requires the members in Church Meeting to appoint a minimum of three Trustees (known at HBC also as Deacons) plus the Minister who is automatically a Trustee. Trustees have specific responsibilities for the operation of certain areas in church life and include a Church Secretary and Treasurer. The Trustees are responsible for the day-to-day running of the Church’s work, and the financial and legal aspects of the charity.

All members are encouraged to take an appropriate part in the spiritual and practical tasks involved in advancing the Christian faith. Relevant matters may be submitted to the Church Meeting by the Trustees for guidance or may be raised by members in Church Meetings for further consideration by the Trustees. Though the Constitution permits decisions to be made at Church Meetings by appropriate majorities, HBC seeks to work by consensus wherever possible under the guidance of the Holy Spirit and under the Lordship of Jesus Christ.

The Church is a member of the Baptist Union of Great Britain and of the Heart of England Baptist Association.

Page 2

Hereford Baptist Church

Trustees' Report (continued)

Major risks and management of those risks

The two most prominent risks identified by the Trustees are the protection of children and vulnerable adults, and health and safety.

Written policies are in place and are regularly reviewed.

Achievements and performance

Having served the city since 1828, HBC has a long history of engaging with the local community, encouraging faith and providing for people’s physical, social and spiritual needs.

Central to the work and witness of the church are its regular public services of Christian worship at 10.30am each Sunday which include programmes for children and young people. Occasional additional services are held on Sunday afternoons or evenings. Services are generally held on the church premises but occasionally in the open air at Bishops Meadow. Sunday morning services are streamed online for those who are unable to attend in person.

HBC continues to seek to be a friendly, welcoming community. All services are open to anyone who wishes to attend, and we have been pleased to welcome new attenders, both online and in person. Full details of services are available on the church website – www.herefordbaptist.org.uk

Church and living out faith are viewed not just as ‘once a week activities’ but as part of our everyday attitude of worship. A number of HBC small groups meet during the week for the growth of faith and community.

HBC seeks to share our resources and our faith with the community that surrounds the church. Recent outreach events have included Christmas Carols at the Maylord shopping centre, with enthusiastic participation by our young people, and a very popular children’s holiday club at Easter. Our weekly Tot-Stop sessions attract a number of local young families. A monthly Kids’ Club was launched during 2024.

Our members contribute directly to wider charitable activities and the church ensures that a significant contribution is made towards other communities from its income. Specific groups that receive regular funding are the Baptist Missionary Society, the Baptist Union Home Mission, and Wycliffe Bible Translators. Our 2025 Christmas Appeal supported Checkpoint Christian Youth Trust, a charity working in schools in Herefordshire and Shropshire.

Levels of support provided to these and other missions are reviewed regularly by the Trustees in consultation with the members.

HBC pursues all these activities with the assistance of a paid minister and a paid part-time administrator.

Page 3

Hereford Baptist Church

Trustees' Report (continued)

Financial review

Total income on unrestricted general funds for the period was £128k (2024: £139k) which included donations, gift aid, bequests, deposit interest and rental income (HBC has two manses in Hereford, one of which is currently rented out and the other is occupied by our Minister and his wife).

Unrestricted funds expenditure amounted to £122k (2024: £121k).

Restricted donations of £3k (2024: £5k) were received for particular charities or mission activities and passed on as appropriate. BMS World Mission and Checkpoint Youth Trust benefited from specific appeals during the period.

A gift day in February 2025 raised £31k to fund a total replacement of HBC’s audio-visual systems.

The church is committed to granting at least 15% of its general fund voluntary income to mission organisations. This amounted to £21k for the period.

The net result for the period was a surplus on unrestricted funds of £6k (2024: £19k). The balance carried forward on unrestricted funds (excluding property) was £397k. HBC properties are held in a designated property fund with a balance of £2,832k. Restricted fund balances carried forward were £101k.

Policy on reserves

HBC does not pursue the accumulation of reserves as a policy but seeks to use the resources given to it to pursue its objectives. It has, however, recognised the need to maintain a level of reserves sufficient to meet both the expected and unexpected costs of pursuing those objectives.

HBC aims to maintain a minimum reserve equal to at least four months of anticipated expenditure. Both the level of reserves and the policy on the use of any accumulated funds are reviewed regularly by the Trustees when the charity’s accounts are prepared.

At 31 December 2025, HBC’s unrestricted cash balances stood at £363k, which equate to 35 months of anticipated expenditure for 2026.

Going concern

The current activities and level of reserves enable the Trustees to continue using the going concern basis in preparing these accounts.

Use of volunteers

The Trustees would like to thank the many unpaid volunteers who give readily of their time, experience and skills. Without this army of people, the church would not be able to run the many activities that provide discipleship, support, pastoral care and outreach to those within the church and our local community. No financial value has been attributed to volunteer time in HBC’s financial statements.

Page 4

Hereford Baptist Church

Trustees' Report (continued)

Reference and Administrative Details

Charity Registration Number: 1199579

Trustees and officers

The trustees and officers serving during the year and since the year end were as follows:

Trustees: Mr I Burrell (resigned 18 May 2025) Mr D Butterfield (resigned 28 February 2025) Dr I Darwood (appointed 18 May 2025) Mrs R E Hillier Ms G Salmon (appointed 18 May 2025) Mr J Stark Mr G Taberner Mrs S Tandy (appointed 18 May 2025)

The Trustees are elected by the Church Members.

Principal Office: Hereford Baptist Church
Commercial Road
Hereford
HR1 2BP
Independent Examiner: Young & Co
Chartered Accountants & Registered Auditors
St Ethelbert House
Ryelands Street
Hereford
HR4 0LA
Bankers: CAF Bank
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ
Custodian trustee for property assets:
Baptist Union Corporation
129 Broadway
Didcot
OX11 8RT

Page 5

Hereford Baptist Church

Trustees' Report (continued)

The annual report was approved by the trustees of the charity on 13 April 2026 and signed on its behalf by:

......................................... Ms G Salmon Secretary and trustee

Page 6

Hereford Baptist Church

Statement of Trustees' Responsibilities

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Approved by the trustees of the charity on 13 April 2026 and signed on its behalf by:

......................................... Ms G Salmon Secretary and trustee

Page 7

Hereford Baptist Church

Independent Examiner's Report to the trustees of Hereford Baptist Church

I report to the trustees on my examination of the accounts of Hereford Baptist Church for the year ended 31 December 2025.

Responsibilities and basis of report

As the charity trustees of Hereford Baptist Church 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 Hereford Baptist Church'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(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 Hereford Baptist Church 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 accounting 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.

...................................... G M John BSc FCA Chartered Accountants & Registered Auditors

St Ethelbert House Ryelands Street Hereford HR4 0LA

13 April 2026

Page 8

Hereford Baptist Church

Statement of Financial Activities for the Year Ended 31 December 2025

Note
Income and Endowments from:
Donations and legacies
Investment income
3
Other income
Total income
Expenditure on:
Charitable activities
Total expenditure
Net income
Gross transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
17		 Unrestricted
funds
£
105,477
12,556
10,045
128,078
(122,341)
(122,341)
5,737
39,645
45,382
3,183,959
3,229,341		 Restricted
funds
£
33,751
2,518
-
36,269
(4,465)
(4,465)
31,804
(39,645)
(7,841)
109,204
101,363		 Total
31 December
2025
£
139,228
15,074
10,045
164,347
(126,806)
(126,806)
37,541
-
37,541
3,293,163
3,330,704

The notes on pages 12 to 24 form an integral part of these financial statements. Page 9

Hereford Baptist Church

Statement of Financial Activities for the Year Ended 31 December 2025 (continued)

Note
Income and Endowments from:
Donations and legacies
Investment income
3
Other income
Total income
Expenditure on:
Charitable activities
Total expenditure
Net income
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
17		 Unrestricted
funds
£
115,140
14,931
8,976
139,047
(120,529)
(120,529)
18,518
18,518
3,165,441
3,183,959		 Restricted
funds
£
5,426
3,656
-
9,082
(5,458)
(5,458)
3,624
3,624
105,580
109,204		 Total
31 December
2024
£
120,566
18,587
8,976
148,129
(125,987)
(125,987)
22,142
22,142
3,271,021
3,293,163

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 17.

The notes on pages 12 to 24 form an integral part of these financial statements. Page 10

Hereford Baptist Church

(Registration number: 1199579) Balance Sheet as at 31 December 2025

Note
Fixed assets
Tangible assets
12
Current assets
Debtors
13
Cash at bank and in hand
14
Creditors: Amounts falling due within one year
15
Net current assets
Net assets
Funds of the charity:
Restricted income funds
Restricted funds
Unrestricted income funds
Unrestricted funds
Total funds
17		 31 December
2025
£
2,861,737
11,869
464,138
476,007
(7,040)
468,967
3,330,704
101,363
3,229,341
3,330,704		 31 December
2024
£
2,857,951
9,746
429,382
439,128
(3,916)
435,212
3,293,163
109,204
3,183,959
3,293,163

The financial statements on pages 9 to 24 were approved by the trustees, and authorised for issue on 13 April 2026 and signed on their behalf by:

.........................................

Mrs R E Hillier Trustee

......................................... Ms G Salmon Secretary and trustee

The notes on pages 12 to 24 form an integral part of these financial statements. Page 11

Hereford Baptist Church

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

1 Accounting policies

Statement of compliance

The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Basis of preparation

Hereford Baptist Church meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts.

Going concern

Having reviewed the charity's cash holdings together with future projected cash flows, the Trustees have an expectation that the charity has adequate resources to continue its activities for the foreseeable future. The Trustees consider that there are no material uncertainties over the charity's financial viability.

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Donations and legacies

Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.

Investment income

Investment income, together with any associated tax credits, are included in the accounts when receivable.

Page 12

Hereford Baptist Church

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

All resources expended are inclusive of irrecoverable VAT.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.

Irrecoverable VAT

Irrecoverable VAT is charged against the category of resources expended for which it was incurred.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Page 13

Hereford Baptist Church

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate Freehold land None Freehold building improvements 10% of cost per annum Fixtures and fittings 15% of cost per annum

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Fund structure

General funds represent the funds of the Church that are not subject to any restrictions regarding their use and are available for application on the general purposes of the Church. The accounts include all transactions for which the Church is responsible in law. They do not include the accounts of Church groups that are informal gatherings of Church members.

Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Hire purchase and finance leases

Assets held for use in operating leases are included as a separate category in fixed assets at cost and depreciated over their useful life.

Rental income from operating leases is recognised on a straight line basis over the term of the lease.

Pensions and other post retirement obligations

Hereford Baptist Church provides a defined contribution pension scheme for ministers through the Baptist Pension scheme. The assets of the scheme are held separately from those of the church in an independently administered fund. Contributions to this scheme are charged to the unrestricted fund as they become payable. The church is also responsible for its proportion of the closed defined benefit Baptist Pension scheme and any deficit is recognised as a liability, discounted for the time value of money. Hereford Baptist church also provides a defined contribution pension scheme for other employees through the NEST pension scheme.

Page 14

Hereford Baptist Church

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

2 Income from donations and legacies

Unrestricted funds
Designated
£
General
£
Donations and legacies;
Donations from individuals
-
83,996
Gift aid reclaimed
-
21,481
Total for 2025
-
105,477
Total for 2024
4,770
110,370
3 Investment income
Unrestricted
funds
General
£
Interest receivable and similar income;
Interest receivable on bank deposits
12,556
Total for 2025
12,556
Total for 2024
14,931
4 Other income
Rental income
Total for 2025
Total for 2024		 Restricted
funds
£
28,481
5,270
33,751
5,426
Restricted
funds
£
2,518
2,518
3,656
Unrestricted
funds
General
£
10,045
10,045
8,976		 Total
funds
£
112,477
26,751
139,228
120,566
Total
funds
£
15,074
15,074
18,587
Total
funds
£
10,045
10,045
8,976

Page 15

Hereford Baptist Church

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

5 Expenditure on charitable activities

Note
Church Activities
Mission
Ministry
Establishment
Depreciation,
amortisation and
other similar costs
Staff costs
Allocated support
costs
Governance costs
Total for 2025
Total for 2024		 Unrestricted funds
Designated
£
General
£
1,654
3,457
-
20,454
-
8,754
-
19,874
2,688
4,945
-
49,952
-
7,708
-
2,855
4,342
117,999
2,708
117,821		 Restricted
funds
£
-
4,465
-
-
-
-
-
-
4,465
5,458		 Total
funds
£
5,111
24,919
8,754
19,874
7,633
49,952
7,708
2,855
126,806
125,987
Church activities
Mission
Ministry
Establishment
Total for 2025
Total for 2024		 Activity
undertaken
directly
£
20,792
25,304
43,780
34,209
124,085
123,347		 Total
expenditure
£
20,792
25,304
43,780
34,209
124,085
123,347

Page 16

Hereford Baptist Church

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

6 Analysis of governance and support costs

Charitable activities expenditure

Basis of
allocation
Church Activities
45%
Mission
5%
Ministry
45%
Establishment
5%
Basis of
allocation
Church Activities
45%
Mission
5%
Ministry
45%
Establishment
5%		 Unrestricted
funds
General
£
3,469
385
3,469
385
7,708
Unrestricted
funds
General
£
3,773
419
3,774
419
8,385		 Total
31 December
2025
£
3,469
385
3,469
385
7,708
Total
31 December
2024
£
3,773
419
3,774
419
8,385

Basis of allocation

Reference Method of allocation

Support costs are allocated to Charitable activities using the percentages shown A above based on estimated time spent by staff

Page 17

Hereford Baptist Church

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

Governance costs

Independent examiner fees
Examination of the financial statements
Total for 2025
Total for 2024
7 Net incoming/outgoing resources
Net incoming resources for the year include:
Depreciation of fixed assets		 Unrestricted
funds
General
£
2,855
2,855
2,640
31 December
2025
£
7,633		 Total
funds
£
2,855
2,855
2,640
31 December
2024
£
3,889

8 Trustees remuneration and expenses

During the year the charity made the following transactions with trustees:

Mr J Stark

Mr J Stark received remuneration of £27,826 (2024: £26,778) during the year.

Pension contributions of £3,732 (period to 31 December 2024: £3,600) were paid by the Charity.

The remuneration is paid for employment with the Charity as the Minister, which was not in respect of the trusteeship.

Page 18

Hereford Baptist Church

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

9 Staff costs

The aggregate payroll costs were as follows:

Staff costs during the year were:
Wages and salaries
Pension costs		 31 December
2025
£
45,687
4,265
49,952		 31 December
2024
£
45,717
4,351
50,068

The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:

Charitable services
Administration and part-time cleaners		 31 December
2025
No
1
1
2		 31 December
2024
No
1
1
2

2 (2024 - 3) of the above employees participated in the Defined Contribution Pension Schemes.

Contributions to the employee pension schemes for the year totalled £4,265 (2024 - £4,351).

No employee received emoluments of more than £60,000 during the year

10 Independent examiner's remuneration

10 Independent examiner's remuneration
31 December 31 December
2025 2024
£ £
Examination of the financial statements 2,855 2,640

Page 19

Hereford Baptist Church

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

11 Taxation

The charity is a registered charity and is therefore exempt from taxation.

12 Tangible fixed assets

Cost
At 1 January 2025
Additions
Disposals
At 31 December 2025
Depreciation
At 1 January 2025
Charge for the year
Eliminated on disposals
At 31 December 2025
Net book value
At 31 December 2025
At 31 December 2024
13 Debtors
Trade debtors
Prepayments		 Land and
buildings
£
2,837,493
-
-		 Furniture and
equipment
£
Total
£
87,704
2,925,197
11,419
11,419
(36,139)
(36,139)
62,984
2,900,477
64,563
67,246
4,945
7,633
(36,139)
(36,139)
33,369
38,740
29,615
2,861,737
23,141
2,857,951
31 December
2025
£
31 December
2024
£
7,846
5,159
4,023
4,587
11,869
9,746		 Furniture and
equipment
£
Total
£
87,704
2,925,197
11,419
11,419
(36,139)
(36,139)
62,984
2,900,477
64,563
67,246
4,945
7,633
(36,139)
(36,139)
33,369
38,740
29,615
2,861,737
23,141
2,857,951
31 December
2025
£
31 December
2024
£
7,846
5,159
4,023
4,587
11,869
9,746
2,837,493
2,683
2,688
-
5,371
2,832,122
2,834,810
9,746

Page 20

Hereford Baptist Church

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

14 Cash and cash equivalents

14 Cash and cash equivalents
31 December 31 December
2025 2024
£ £
Cash at bank 464,138 429,382

15 Creditors: amounts falling due within one year

15 Creditors: amounts falling due within one year
Other creditors
Accruals		 31 December
2025
£
-
7,040
7,040		 31 December
2024
£
81
3,835
3,916

16 Pension and other schemes

The charity operates a defined contribution scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £4,265 (2024 - £4,351)

Defined benefit pension schemes Baptist Pension Scheme

The Church was previously a participating employer in the Baptist Pension Scheme (“the Scheme”), which is a separate legal entity administered by the Pension Trustee (Baptist Pension Trust Limited).

In October 2024, the insurance company Just Group completed a buy out of the liabilities of the closed defined benefit scheme. From that date any remaining liability of the participating scheme members to defined benefit scheme ceased.

Page 21

Hereford Baptist Church

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

17 Funds

Unrestricted funds
General
Designated
Total unrestricted funds
Restricted funds
Total funds
Unrestricted funds
General
Designated
Total unrestricted funds
Restricted funds
Total funds		 Balance at
1 January
2025
£
343,001
2,840,958
3,183,959
109,204
3,293,163
Balance at
1 January
2024
£
341,498
2,823,943
3,165,441
105,580
3,271,021		 Incoming
resources
£
128,078
-
128,078
36,269
164,347
Incoming
resources
£
134,277
4,770
139,047
9,082
148,129		 Resources
expended
£
(117,999)
(4,342)
(122,341)
(4,465)
(126,806)
Resources
expended
£
(117,821)
(2,708)
(120,529)
(5,458)
(125,987)		 Transfers
£
39,645
-
39,645
(39,645)
-
Transfers
£
(14,953)
14,953
-
-
-		 Balance at
31
December
2025
£
392,725
2,836,616
3,229,341
101,363
3,330,704
Balance at
31
December
2024
£
343,001
2,840,958
3,183,959
109,204
3,293,163

Page 22

Hereford Baptist Church

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

The specific purposes for which the funds are to be applied are as follows:

Designated Funds:

Restricted Funds:

Page 23

Hereford Baptist Church

Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)

18 Analysis of net assets between funds

Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets		 Unrestricted funds
General
£
Designated
£
29,615
2,832,122
370,150
4,494
(7,040)
-
392,725
2,836,616
Unrestricted funds
General
£
Designated
£
23,141
2,834,810
323,776
6,148
(3,916)
-
343,001
2,840,958		 Restricted
funds
£
-
101,363
-
101,363
Restricted
funds
£
-
109,204
-
109,204		 Total funds at
31 December
2025
£
2,861,737
476,007
(7,040)
3,330,704
Total funds at
31 December
2024
£
2,857,951
439,128
(3,916)
3,293,163

Page 24

Hereford Baptist Church

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

2025
Unrestricted funds
Restricted
Designated
£
General
£
funds
£
Income and Endowments from:
Donations and
legacies (analysed
below)
-
105,477
33,751
Investment
income (analysed
below)
-
12,556
2,518
Other income
(analysed below)
-
10,045
-
Total income
-
128,078
36,269
Expenditure on:
Charitable
activities
(analysed below)
(4,342)
(117,999)
(4,465)
Total expenditure
(4,342)
(117,999)
(4,465)
Net
(expenditure)/income
(4,342)
10,079
31,804
Gross transfers
between funds
(analysed below)
-
39,645
(39,645)
Net movement in
funds
(4,342)
49,724
(7,841)
Reconciliation of funds
Total funds
brought forward
2,840,958
343,001
109,204
Total funds
carried forward
2,836,616
392,725
101,363		 2025 2025 Total
£
139,228
15,074
10,045
164,347
(126,806)
(126,806)
37,541
-
37,541
3,293,163
3,330,704		 Total
31 December
2024
£
120,566
18,587
8,976
Restricted
funds
£
33,751
2,518
-
36,269
(4,465)
(4,465)
31,804
(39,645)
(7,841)
109,204
101,363
148,129
(125,987)
(125,987)
22,142
-
22,142
3,271,021
3,293,163

This page does not form part of the statutory financial statements. Page 25

Hereford Baptist Church

Detailed Statement of Financial Activities for the Year Ended 31 December 2025 (continued)

Donations and legacies
Donations - Totstop
Appeals and donations
Donations - Earmarked
Appeals and donations
Donations - Missions
Donations - General
Gift Aid tax reclaimed
Gift Aid tax reclaimed
Investment income
Interest on cash deposits - Building
Interest on cash deposits -
Broadmoor
Interest on cash deposits - General
Other income
Rental income		 2025
Unrestricted
funds
General
£
-
-
-
-
-
83,996
-
21,481
105,477		 Restricted
funds
£
-
-
-
25,455
3,026
-
5,270
-
33,751
2025
Unrestricted
funds
General
£
-
-
12,556
12,556
Unrestricted
funds
General
£
10,045
10,045

This page does not form part of the statutory financial statements. Page 26

Hereford Baptist Church

Detailed Statement of Financial Activities for the Year Ended 31 December 2025 (continued)

Charitable
activities
Missions and
charitable
donations
Missions and
charitable
donations
Missions and
charitable
donations
Communion
supplies
Minister's salaries
Superannuation
Youth ministry
costs
Youth ministry
costs
Fellowship
catering
Fellowship
catering
Manse expenses
Wages and
salaries
Staff pensions
(Admin)
Staff pensions
(Cleaner)
Cleaners wages
Water rates
Light, heat and
power		 2025
Unrestricted funds
Restricted
Total
31 December
Designated
£
General
£
funds
£
Total
£
2024
£
-
-
-
-
(300)
-
-
(4,465)
(4,465)
(5,158)
-
(20,454)
-
(20,454)
(20,044)
-
(76)
-
(76)
(101)
-
(27,826)
-
(27,826)
(26,755)
-
(3,732)
-
(3,732)
(3,648)
(264)
-
-
(264)
(25)
-
(3,414)
-
(3,414)
(3,242)
(1,390)
-
-
(1,390)
-
-
(43)
-
(43)
(1,261)
-
(8,678)
-
(8,678)
(8,861)
-
(11,964)
-
(11,964)
(13,346)
-
(533)
-
(533)
(422)
-
-
-
-
(281)
-
(5,897)
-
(5,897)
(5,616)
-
(449)
-
(449)
(164)
-
(7,116)
-
(7,116)
(7,469)

This page does not form part of the statutory financial statements. Page 27

Hereford Baptist Church

Detailed Statement of Financial Activities for the Year Ended 31 December 2025 (continued)

Insurance
Repairs and
maintenance
Portacabins
Equipment repairs
and renewals
Telephone and fax
Computer
software and
maintenance
costs
Printing, postage
and stationery
Trade
subscriptions
Sundry expenses
Sundry expenses
Bank charges
Depreciation of
freehold property
Depreciation of
fixtures and
fittings
Governance costs
Accountancy fees		 2025 2025
Unrestricted funds
Designated
£
General
£
-
(4,219)
-
(5,876)
-
-
-
(2,214)
-
(1,002)
-
(1,866)
-
(1,112)
-
(1,798)
-
(1,809)
-
-
-
(121)
(2,688)
-
-
(4,945)
(4,342)
(115,144)
Unrestricted
funds
General
£
(2,855)
(2,855)

This page does not form part of the statutory financial statements. Page 28

Hereford Baptist Church

Detailed Statement of Financial Activities for the Year Ended 31 December 2025 (continued)

Gross transfers between funds
Funds - Transfer from another
fund
Funds - Transfer from another
fund
Funds - Transfer from another
fund
Funds - Transfer to another fund
Funds - Transfer to another fund		 2025 Total
£
(30,725)
(8,920)
-
-
39,645
-		 Total
31 December
2024
£
-
-
(14,953)
14,953
-
Unrestricted
funds
General
£
-
-
-
-
39,645
39,645		 Restricted
funds
£
(30,725)
(8,920)
-
-
-
(39,645)
-

This page does not form part of the statutory financial statements. Page 29

Young & Co Business Advisors & Chartered Accountants

Young & Co is the trading name of Young & Co (Hereford) Limited Company number 16252337 | Registered in England Registered office: St Ethelbert House, Ryelands Steet, Hereford, HR4 0LA T. 01432 263282 E. enquiries@youngand.co.uk www. youngand.co.uk

Some of the services that we can offer;

Accounts Preparation

Audits

Bookkeeping & VAT returns

Business Plans

Cash Flow Forecasts Charity Accounts Company Formation

Computer Services and Training Forensic Accounting

Management Buy Outs / Buy Ins Payroll

Small Firm Loan Guarantee Schemes Tax Planning

Taxation Expert Witness Service

Registered to carry on audit work and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales