## **CHARITABLE INCORPORATED NUMBER: 208653** ## **REPORT OF THE TRUSTEES AND** ## **FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2025 HIGH BARNET BAPTIST CHURCH** ## **CONTENTS OF THE FINANCIAL STATEMENTS** |Reference and Administratve Details|2| |---|---| |Report of the Trustees|3 to 6| |Independent Examiners Report|7| |Statement of Financial Actvites|8| |Balance Sheet|9| |Cash Flow Statement|10| |Notes to the Financial Statements|11 to 15| 1 **|** Page ## **HIGH BARNET BAPTIST CHURCH** ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Charitable incorporated number** 208653 ## **Principal address** High Barnet Baptist Church 197 High Street Barnet Hertfordshire EN5 5SU ## **Independent Examiner** AP Whitehead ACA 34 Illingworth Way Enfield EN1 2PA ## **Bankers** Charities Aid Foundation ## **Association** The Fellowship of Independent Evangelical Churches Together For Mission Property held in Trust by the London Baptist Property Board. 2 **|** Page ## **HIGH BARNET BAPTIST CHURCH** ## **REPORT OF THE TRUSTEES** ## **for the Period Ended 31 December 2025** The Trustees present their report with the financial statements for the year to 31 December 2025. The Trustees have adopted the provisions of 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). ## **CONSTITUTION** High Barnet Baptist Church (the “Charity”) was founded in 1892 and is a registered charity with the Charity Commission. The charity number is 208653. The Charity is governed by a Trust Deed dated on the 20 July 1999. The London Baptist Property Board Limited was appointed the Custodian Trustee and the Elders the Managing Trustees. ## **APPOINTMENT OF OFFICIALS** The Managing Trustees are the Elders of the Church. They meet regularly to direct the affairs of the Church. The members of the Church meet at least twice a year to consider the work of the Church and to approve amongst other things the annual accounts and budget, material changes to Church properties and appointment or dismissal of the Minister and Trustees The Trustees can only be appointed by a Special Church Meeting. Two thirds of the eligible members present at the meeting need to approve such appointments. The following persons were directors of The London Baptist Property Board Limited, the Custodian Trustee, during the year ended 31 December 2025: Rev P E Barnard Rev J J Kane M B Mensah Rev C J Nicholls O O Obidipe A J A Pike D K Reader S C Salamanca-Espin M Sisimayi Rev P A Winchester The following persons were Managing Trustees of the Charity during the year ended 31 December 2025: R Leak D Webster J Prime (appointed 2025) 3 **|** Page ## **HIGH BARNET BAPTIST CHURCH** ## **REPORT OF THE TRUSTEES** ## **for the period ended 31 December 2025** ## **OBJECTIVES AND PRINCIPAL ACTIVITY** The aim of the Charity is to encourage Christians in their faith, to provide opportunities for non-Christians to understand the Christian faith and to demonstrate God’s love by helping those in need. Activities that help to deliver this strategy include Sunday Church services, prayer meetings, bible studies groups, Sunday schools, a Good News Club for primary school age children breakfast club, groups for women and social events. The Trustees confirm that they have given due consideration to the Charity Commission’s published guidance on the operation of public benefit. ## **VOLUNTEERS** Volunteers are key to the charity. They organise Church activities, run clubs and meetings, visit people in need in their homes, and provide administrative and financial support. It is not possible to quantify this support as much is done behind the scenes. At a minimum the support is equivalent to 25 hours per week. ## **REVIEW OF THE YEAR** Achievements against the objectives of the Church are summarised as follows; |**Objectve**|**Achieved**|**Comment**| |---|---|---| |Church services, prayer meetngs held
throughout theyear|Yes|| |Prayer/Bible study group to be held
throughout the year|Yes|| |Sunday School Kids clubs held throughout
theyear|Yes – Sunday
School|Kids Clubs planned for 2026| |Women’s midweek meetng held
throughout the year|Yes|| |Communityengagement|Yes|| |People Baptsed|No|| |New members|Yes|| |Improve buildings|Yes|| |Help those in need|Yes|Support for TEAR Fund.
Church members help those in
need locally| |Support promoton of the Christan faith|Yes|Actve programme locally and
support for those in UK and
abroad.| 4 **|** Page ## **HIGH BARNET BAPTIST CHURCH** ## **REPORT OF THE TRUSTEES contnued** ## **for the period ended 31 December 2025** ## **FUTURE ACTIVITIES** The Church will continue to seek to a) provide opportunities for people to meet with others to worship God, learn about the Christian faith and find support; b) help those in need and c) support the promulgation, dissemination and instruction of the Christian faith. To further assist the achievement of these aims the Pastor and elders are planning a number of initiatives in 2026 aimed at attracting new visitors and providing opportunities to clearly explain the Christian faith. ## **RELATED PARTY TRANSACTIONS** There were no transactions with related parties during the year. ## **FINANCIAL POSITION** The Church made a deficit of £32,837 (2024: £14,489). A new Pastor joined in April 2024 and occupied the Manse once the tenant vacated the property at the end of May 2024 and served throughout 2025. A pastor in training, seconded from Together for Mission, started in September 2025. At the end of the accounting year, the Charity is holding reserves of £193,627 (2024: £226,464) in the General Fund.. This is the equivalent of approximately 23 months (2024: 25 months) of average expenditure. The Charity intends to have a significant level of annual commitments in the form of ministerial costs, and it is felt prudent to maintain a level of reserves, which will enable the Charity to continue to meet these commitments. ## **RESERVES POLICY** The Church’s reserves policy is, as far as practical, to save for future building works rather than to borrow. In addition, as the Church is independent and receives no guaranteed support from any outside organisation, it seeks to have sufficient reserves within its general and designated funds to facilitate up to two years of future expenditure on day-to-day activities and specific building projects. The Church currently has in excess of two years of future expenditure in unrestricted reserves. Funding is received from voluntary gifts. These have been used to support the aims of the charity, including improving and maintaining the Church building which hosts many of the Charity’s activities and providing accommodation for full time ministerial staff. ## **RISK MANAGEMENT** The Trustees are continually monitoring their original assessment of the major risks to which the Church is exposed, in particular those related to the operations and finances of the Church. The Trustees maintain the position that they are satisfied there are systems and controls in place within the Charity to mitigate the risks to which they are exposed. 5 **|** Page ## **HIGH BARNET BAPTIST CHURCH** ## **REPORT OF THE TRUSTEES** ## **for the period ended 31 December 2025** ## **GOING CONCERN** The Church continues to receive voluntary income from members, and, given the level of reserves, the trustees are confident that the Church can continue as a going concern for a period of at least twelve months from the date of signing of these accounts. Consistent with prior years, the Charity is reliant upon the support of voluntary donations to enable it to continue operating. The Trustees believe that support will continue for further periods into the future and have thus adopted the going concern basis for preparing the financial statements. ## **TRUSTEES RESPONSIBILITIES** Charity law 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 Church and of its financial activities for that period. In preparing those financial statements the elders and officials are required to: - A. select suitable accounting policies and then apply them consistently; - B. make judgements and estimates that are reasonable and prudent; - C. state whether the policies adopted are in accordance with SORP 2005 and with applicable accounting standards, subject to any material departures disclosed and explained in the financial statements; - D. prepare the financial statements on the going concern basis unless it is inappropriate to assume that the Church will continue. The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the Church and to enable them to ascertain that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the Church and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities. Signed on behalf of the Trustees J Prime 7th July 2026 6 **|** Page ## **REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES OF** ## **HIGH BARNET BAPTIST CHURCH** I report on the accounts of the Church for the period ended 31 December 2025, which are set out on pages 8 to 15. ## **Respective responsibilities of trustees and examiner** The Church’s trustees are responsible for the preparation of the accounts. The Church’s trustees consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 (the 1993 Act)) and that an independent examination is needed. It is my responsibility to: - examine the accounts (under section 43(3)(a) of the 1993 Act); - to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 43(7)(b) of the 1993 Act); and - to state whether particular matters have come to my attention. ## **Basis of independent examiner’s report** My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. ## **Independent examiner’s statement** In connection with my examination, no matter has come to my attention: 1. which gives me reasonable cause to believe that in any material respect the requirements - a. to keep accounting records in accordance with section 41 of the 1993 Act; and b. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act have not been met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. AP Whitehead ACA 34 Illingworth Way Enfield Middlesex EN1 2PA 7th July 2026 7 **|** Page ## **HIGH BARNET BAPTIST CHURCH** ## **STATEMENT OF FINANCIAL ACTIVITIES** ## **for the Period Ended 31 December 2025** ||**N**
**o**
**t**
**e**
**s**|**Unrest-**
**ricted**
**funds**|**Restricted**
**funds**|**Total 2025**|**Unrest-**
**ricted**
**funds**|**Restricted**
**funds**|**Total**
**2024**| |---|---|---|---|---|---|---|---| |||**£**|**£**|**£**|**£**|**£**|**£**| |Donatons and
legacies|**2**|61,227|-|
61,227|
71,936|-|
71,936| |Donated
services||-|-|
-|
4,000|-|
4,000| |Investments||6,606|-|
6,606|19,240|62|
19,302| |**Total income**||**67,833**|**-**|
**67,833**|
**95,176**|**62**|
**95,238**| ||||||||| |Charitable
Actvites|**3**|100,670|
-|
100,670|
109,665|-|
109,665| |**Total**
**expenditure**||**100,670**|
**-**|
**100,670**|
**109,665**|**-**|
**109,665**| ||||||||| |**Net income for**
**theyear**||**(32,837)**|**-**|
**(32,837)**|
**(14,489)**|**62**|
**(14,427)**| ||||||||| |**Transfers**
**between funds**||-|-|
-|
600|(600)|
-| |**Net movement**
**in funds**||**(32,837)**|**-**|
**(32,837)**|
**(13,889)**|**(538)**|
**(14,427)**| |Total funds
brought forward||391,461|5,359|
396,820|
405,350|5,897|
411,247| |**Total funds**
**carried forward**|**8**|**358,624**|**5,359**|
**363,983**|
**391,461**|**5,359**|
**396,820**| ## **CONTINUING OPERATIONS** All income and expenditure has arisen from continuing activities. The notes on pages 11-15 form part of these financial statements. 8 **|** Page ## **HIGH BARNET BAPTIST CHURCH** ## **BALANCE SHEET** ## **At 31 December 2025** |**At 31 December 2025**|||| |---|---|---|---| ||**Notes**|**2025**|**2024**| |||**£**|**£**| |**Fixed assets**|||| |Tangible assets||-|-| ||||| |**Current assets**|||| |Debtors|6|6,000|9,003| |Cash at bank and in hand||357,983|390,652| ||||| |**Net current assets**||**363,983**|**399,655**| ||||| |Current liabilites|7|-|(2,835)| ||||| |**Total net assets**||**363,983**|**396,820**| ||||| |**The funds of the charity**|||| |**Restricted funds**|8|5,359|5,359| ||||| |**Unrestricted funds**|||| |-
General fund|8|193,627|226,464| |-
Designated funds|8|164,997|164,997| |**Total unrestricted funds**||**358,624**|**391,461**| ||||| |**Total funds**||**363,983**|**396,820**| The financial statements were approved by the Board of Trustees and were signed on its behalf by: J Prime -Trustee 8 June 2026 The notes on pages 11-15 form part of these financial statements. 9 **|** Page ## **HIGH BARNET BAPTIST CHURCH** ## **CASH FLOW STATEMENT** ## **for the Period Ended 31 December 2025** ||**2025**|**2024**| |---|---|---| ||**£**|**£**| |**Cash fows from operatng actvites**||| |Cash generated from operatons|(39,275)|(15,434)| |||| |**Cash fows from investng actvites**||| |Interest received|6,606|5,522| |||| |**Change in cash and cash equivalents in the reportng**
**period**|**(32,669)**|**(9,912)**| |||| |**Cash and cash equivalents at the beginning of the**
**reportng period**|**390,652**|**400,564**| |||| |**Cash and cash equivalents at the end of the reportng**
**period**|**357,983**|**390,652**| |||| |||| |**RECONCILIATION OF NET INCOME TO NET CASH FLOW**
**FROM OPERATING ACTIVITIES**||| |**Net income for the reportng period from the Statement**
**of Financial Actvites**|(32,837)|(14,427)| |**Adjustments for:**||| |Interest received|(6,606)|(5,522)| |Depreciaton|-|6,825| |Decrease/(increase) in debtors|3,003|(2,468)| |(Decrease)/increase in creditors|(2,835)|158| |||| |**Net cash from operatng actvites**|**(39,275)**|**(15,434)**| The notes on pages 11-15 form part of these financial statements. 10 **|** Page ## **HIGH BARNET BAPTIST CHURCH** ## **Notes to the Financial Statements** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements and assessment of going concern** 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 October 2019)', the Charities Act 2011 and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. The trustees consider that there are no material uncertainties about the Church's ability to continue as a going concern. ## **Incoming resources** Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when its receipt is probable and when it can be measured with reasonable certainty. Donations arising under Gift Aid are accounted for on the date of receipt and provisions are made for income tax remaining unclaimed at the year end. Donated services are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the Charity of the item is probable and that the economic benefits can be measured. On receipt, donated services are valued by the Trustees at the amount the Charity would have been willing to pay for the service or facilities on the open market: a corresponding amount is then recognised in expenditure in the period of receipt. No value of services by volunteers has been included in these accounts. ## **Expenditure** Expenditure is accounted for in the period in which it is incurred stop expenditure includes any VAT which cannot be fully recovered which is reported as part of the expenditure to which it relates. Expenditure relating directly to a particular activity these are created to activity costs are classified as support costs. As the charity has only one charitable activity support costs are allocated solely to that activity. Gifts and donations represent amounts paid by the Church to support organisations with similar aims including the support of members of the church undertaking work in furtherance of the gospel outside with other organisations. ## **Debtors** Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid. 11 **|** Page ## **HIGH BARNET BAPTIST CHURCH** ## **Notes to the Financial Statements** ## **1. ACCOUNTING POLICIES (Continued)** ## **Cash at bank and in hand** Cash at bank and in hand includes; cash, bank current accounts and bank deposit accounts with no withdrawal limitations. ## **Creditors** Creditors are recognised where the charity has a present obligation resulting from a past event that will result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount. ## **Tangible fixed assets** Fixed assets for use by the Church with a value of greater than £3,000 are capitalised at cost and depreciated. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Plant and machinery – 5 years – straight line basis. ## **Operating leases** Rentals under operating leases charged to the charitable expenditure on a straight line basis over the lease term. ## **Taxation** The Church is exempt from tax on its charitable activities. ## **Financial instruments** The Church only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially measured at transaction value and subsequently measured at their settlement value. ## **Pensions** The Church contributes to the Pastor’s pension scheme which is administered by Enfield Town Community Church. The contributions are accounted for in the period in which they are receivable. 12 **|** Page ## **HIGH BARNET BAPTIST CHURCH** ## **Notes to the Financial Statements** ## **1. ACCOUNTING POLICIES (Continued)** ## **Fund accounting** ## _Unrestricted funds_ The general funds are donations and other income received or generated for the objects of the Church without further specific purpose. ## _Restricted funds_ The Christmas offering fund receives the proceeds of a special offering at Christmas services which is distributed to good causes identified by the Church leadership. The Giving to those in need fund provides financial help for church members / our mission partners who are in financial difficulties. ## **Key judgements and estimation uncertainty** Preparation of the financial statements in conformity generally accepted accounting practise requires management to make estimates and judgments perfect the reported amount of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date the reported amounts of revenues and expenses during the reporting period. ## **Judgements** There are no Significant judgments made in the preparation of these financial statements. ## **Estimation uncertainty** There are no significant sources of estimation uncertainty. 13 **|** Page ## **HIGH BARNET BAPTIST CHURCH** ## **Notes to the Financial Statements** ## **2. Donations and legacies** ||**2025**|**2025**|**2025**|**2024**|**2024**|**2024**| |---|---|---|---|---|---|---| ||**Unrestricted**
**funds**|**Restricted**
**funds**|**Total funds**|**Unrestricted**
**funds**|
**Restricted**
**funds**|**Total funds**| ||**£**|**£**|**£**|**£**|**£**|**£**| |Donatons|61,227|-|61,227|
71,936|
-|71,936| |Donated
services|-|-|
-|
4,000|
-|
4,000| |**Total**|**61,227**|**-**|
**61,227**|**75,936**|**-**|
**75,936**| ## **3. Charitable activities** ||**2025**|**2025**|**2025**|**2025**|**2024**|**2024**|**2024**|**2024**| |---|---|---|---|---|---|---|---|---| ||**Unrestricted**
**funds**|**Restricted**
**funds**||**Total funds**|**Unrestricted**
**funds**||**Restricted**
**funds**|**Total funds**| ||**£**|**£**||**£**|**£**||**£**|**£**| |Staf costs|50,726|-||50,726|32,855||-|32,855| |Premises
costs|34,872|-||34,872|40,821||-|40,821| |Fellowship|2,255|-||2,255|18,189||**-**|18,189| |Evangelism|955|-||955|1,095||**-**|1,095| |Sunday
School and
Youth Work|174|-||174|714||**-**|714| |Mission
donatons|2,078|-||2,078|4,780||**-**|4,780| |Other costs|9,610|-||9,610|11,211||-|11,211| |**Expenditure**
**Total**|**100,670**|**-**||**100,670**|**109,665**||**-**|**109,665**| |The donaton expenditure is analysed as follows;||||||||| ||||**2025**|||**2025**||| ||||**Unrestricted funds**|||**Restricted funds**||| ||||**£**|||**£**||| |Operaton Mobilisaton|||838|||-||| |Mission week|||427|||-||| |Valleydale and Open House|||813|||-||| |David and Marlene Fry|||-|||1,380||| |TEAR Fund|||-|||1,113||| |FIEC|||-|||1,224||| |London City Mission|||-|||1,063||| |**Total**|||**2,078**|||**4,780**||| ## **4. Trustees remuneration and benefits** No remuneration or any benefits were received by the Trustees during 2025 (2024: Nil). 14 **|** Page ## **HIGH BARNET BAPTIST CHURCH** ## **Notes to the Financial Statements** ## **5. Staff costs** |**2025**|**2025**|**2025**|**2024**|**2024**|**2024**| |---|---|---|---|---|---| |**Unrestricted**
**funds**|**Restricted**
**funds**|**Total**
**funds**|**Unrestricted**
**funds**|**Restricted**
**funds**|**Total**
**funds**| |**£**|**£**|**£**|**£**|**£**|**£**| |38,110|
-|38,110|30,575|-|30,575| |4,758|
-|4,758|2,417|-|2,417| |2,858|
-|2,858|-|-|-| |5,000|
-|5,000|-|-|-| |**50,726**|
**-**|**50,726**|**32,992**|**- **|**32,992**| The remuneration is that paid to the Pastor, Tim Lock, who joined during 2024. From September 2025 the Church secured the services of trainee pastor, James Critoph who was funded through the Church’s partner organisation, Together for Mission. The average number of employees during the year was as follows; ||**2025**|**2024**| |---|---|---| ||**No.**|
**No.**| |Pastor|1|
1| |Cleaner|1|
1| |**Total**|**2**|
**2**| ## **6. Debtors** |**6. Debtors**||| |---|---|---| ||**2025**|**2024**| ||**£**|**£**| |Other debtors (Gif aid
receivable)|6,000|
8,205| |Prepayments|**-**|
798| |**Total**|**6,000**|**9,003**| ## **7. Creditors: amounts falling due within one year** ||**2025**|**2024**| |---|---|---| ||**£**|**£**| |Accrual (Audit fee)|-|2,835| |**Total**|**-**|**2,835**| 15 **|** Page ## **HIGH BARNET BAPTIST CHURCH Notes to the Financial Statements** ## **8. Movement in funds** ||**Balance at 1**
**January**|**Income**|**Expenditure**|**Transfers**|**Balance at 31**
**December**| |---|---|---|---|---|---| |**2025**|**£**|**£**|**£**|**£**|**£**| |**Unrestricted funds**|||||| |General fund|226,464|
67,833|
(100,670)|-|193,627| |**Designated funds**|||||| |Building fund|9,568|**-**|**-**|**-**|9,568| |Additonal workers fund|127,213|**-**|**-**|**-**|127,213| |Stpend Fund|28,216|**-**|**-**|**-**|28,216| |**Total designated funds**|**164,997 **|**-**|**-**|**-**|**164,997 **| ||||||| |**Total unrestricted funds**|**391,461**|**67,833**|**(100,670)**|**-**|**358,624**| ||||||| |**Restricted funds**|||||| |Busybees|1,116|-|-|-|1,116| |Fellowship Fund|-|-|-|-|-| |Mrs Gibbens Legacy|4,243|-|-|-|4,243| |**Total restricted funds**|**5,359**|**-**|**-**|**-**|**5,359**| ||||||| |**Total funds**|**396,820**|**67,833**|**(100,670)**|**-**|**363,983**| ||||||| |**2024**|||||| |**Unrestricted funds**|||||| |General fund|250,937|
77,108|(102,181)|
600|226,464| |**Designated funds**|||||| |Buildingfund|1,272|15,780|(7,484)|**-**|9,568| |Additonal workersfund|125,340|1,873|-|**-**|127,213| |Stpend Fund|27,801|415|-|**-**|28,216| |**Total designated funds**|**154,413**|**18,068**|**(7,484)**|**-**|**164,997**| ||||||| |**Total unrestricted funds**|**405,350**|**95,176**|**(109,665)**|**600**|**391,461**| ||||||| |**Restricted funds**|||||| |Busy bees|1,116|-|-|**-**|1,116| |Fellowship Fund|600|-|-|(600)|-| |Mrs Gibbens Legacy|4,181|62|-|**-**|4,243| |**Total restricted funds**|**5,897**|**62**|**-**|**(600)**|**5,359**| ||||||| |**Total**|**411,247**|**95,238**|**(109,665)**|**-**|**396,820**| The General Fund is donations and other income received or generated for the objects of the Church without further specific purpose. The designated funds are set aside by the Trustees as part of the financial planning of the Church to provide for likely future expenditure on staff, buildings and the cost of additional workers not covered by annual income. Designation can be changed at any time. 16 **|** Page ## **HIGH BARNET BAPTIST CHURCH** ## **Notes to the Financial Statements** Restricted funds have been given to the church to be used for specific purposes. - The Busy Bees Fund was used for the mother and toddler group which no longer functions. - The Fellowship Fund is used to help individuals with financial needs. - Mrs Gibbens Legacy is used to help Church members who wish to enter full time Christian work. ## **9. Net assets by fund** ||**Cash at bank and in hand**|**Other net current assets**|**Balance**| |---|---|---|---| |**2025**|**£**|**£**|**£**| |**Unrestricted funds**|||| |General fund|187,627|6,000|
193,627| ||||| |**Designated funds**|||| |Buildingfund|9,568|**-**|
9,568| |Additonal workers fund|127,213|**-**|
127,213| |Stpend Fund|28,216|**-**|
28,216| |**Total designated funds**|**164,997**|**-**|**164,997**| ||||| |**Total unrestricted funds**|**352,624**|**6,000**|**358,624**| ||||| |Busybees|1,116|-|
1,116| |Fellowship Fund|**-**|**-**|**-**| |Mrs Gibbens Legacy|4,243|-|4,243| |**Total restricted funds**|**5,359**|**-**|**5,359**| ||||| |**Total funds**|**357,983**|**6,000**|
**363,983**| ||||| |**2024**|**£**|**£**|**£**| |**Unrestricted funds**|||| |General fund|**220,296**|**6,168**|
**226,464**| ||||| |**Designated funds**|||| |Building fund|9,568|-|
9,568| |Additonal workers fund|127,213|-|127,213| |Stpend Fund|28,216|-|28,216| |**Total designated funds**|**164,997**|**-**|**164,997**| ||||| |**Total unrestricted funds**|**385,293**|**6,168**|
**391,461**| ||||| |Busy bees|1,116|-|1,116| |Fellowship Fund|**-**|**-**|**-**| |Mrs Gibbens Legacy|4,243|-|4,243| |**Total restricted funds**|**5,359**|**-**|
**5,359**| ||||| |**Total funds**|**390,652**|**6,168**|
**396,820**| 17 **|** Page ## **HIGH BARNET BAPTIST CHURCH** ## **Notes to the Financial Statements** ## **10. Beneficial interest in properties** The charity has the beneficial interest in the following properties which are held in trust with London Baptist Property Board. - The Manse 10 Queens Road, Barnet - High Barnet Baptist Church 197 High Street, Barnet. The Manse is the dwelling of the pastor and his family; the Church has the exclusive use of the premises for the purpose of its work. 18 **|** Page