Charlty r•g15tratlon number NIC107744 GREAT VICTORIA STREET BAPTIST CHURCH ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 GREAT WCTOIIIA STfiEEr prisrcHuocH
GREAT VICTORIA STREET BAPTIST CHURCH CONTENTS Legal arKI adminislr8lNe Infmnali Trustees, repc*l IrKJependent audrtorfs report 8-10 Statement of financial &tsvilS Stslemenl of finaral p0SOn 12 Statement of cash flows 13 Notes to the finanual stalements 14-20 Th• followlng pag•s do not fomi part of the statutory financlal st•t•rnents Detaled IoMe & Expenditure- Ceneral Fwx1 21 Fund balances 22-23
GREAT VICTORIA STREET BAPTIST CHURCH LEGAL AND ADMINISTRATIVE INFORMATION Mr Steve Aukl (ChMnI Ms joan Adair (Clr¢h Seeretary) Mr Derek Browne Mr Chris Car1 Mr Jas1 CarO•AI Mr Lews Crothefs DT Davis Mr Simon Farvwell Mr Jonathan Grdharn Mr Canwon Grie¥e Dr Sten Hogg Mr Clrflord Manley Mr Gareth McKillen Mr Martin Mc)rcroft Mr Rc&ert Patterson Icf¥Jrch Treasurer) Mr Luke Smth Charlty numb•T NIC10T144 Church address Greal IArtoria Street Baptst Church 1 Hope Street BT12 SEE Audltor Jcnston Kerwdy DFK R1sted AJAitcrfs 10 Plots VMV BT3 9LE BaThk• Ulster 8ank Bdfasl Cty Office BrarKh PO Box 232 11.18 Dryal Squwe East BT15UB
GREAT VICTORIA STREET BAPTIST CHURCH TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The Iruslees of Great Victoria Street Baptist Churth wesenl Ihew ann1 report the audited financial statements for the year ended 31 0ecemtEr 2025 The financial Slalements have been Prepa in accordan wth the aA)Unting pdicies set oul in nole 1 of the financial stslemenls and compty wilh the Chanty's govemng document. the Chanlies Acl 2008 and 'Accounling and Rewting by Charitses Statement of Recommended Prbc@ applicable to chanlies pfeparing their accounts in a¢danCe th the Fnanaal Reportjng Standards In the UK and Republ of Ireland IFRS 1021 leffedive 1 January 2019), Struotur•. gov•rnance and manaqem•nl The trustees Vtho Sd durirbj the year arKI up to the ¢Jale of wnalure of the finarrial statements were". Elders Mr Steve Auld (Paslo Mf Simon Faiewell IAssistant Pastor) Dr Jim Davrson Dr Stephen Hogg Mr Clifford Manley Mr Martin Moorcroft Ms Joanne Adair (Church Secretary) Mr Derek Browne Mr Chris Cardwdl Mr Jason cdWell Mr Lewis Crothers Mr Jonathan Grahn Mr Cameron Grieve Mr Garelh McKillen Di Andrew Nicholl Mr Robert Patterson (Crch Treasurer) Mr Luke Smith Appolntm•nt of Charlty Trust• Giverb the nature of their respon%biknties, 4)pK>iited Ekyers and Deacons {lleCtIvely referred lo as the "Offi¢e-beareis"I serve as the charity Irustees. Apw"nlrnenl lo the role of Charity Trustee lerminates on ces5alion ol holding the Office ol Ekler or Deacon Any eWe(l Office.bearer who Is disqualified by law from acting as a Charity Trustee retains the Office of Er t)e aThY ¢th'stharge the dutses of that post Therè rnusl be a minimum ol three Chanly Trustees al al Ivnes Role The role of charity trustees is sel out n the churth Wrtstu110n adopled In August 2019. The chanty tmstees are responsible for the governCe of the Church and the fvifilmenl of the purpose as stated In Clause 2 of the Constitutn. actng according lo the wll of God as discerned by the Church Members. Meeting an¢J in attdance Ihe speuft ar geTrnI th'rections ofthal Meeting. The Charrty Tiuslees ensure. In accordance wrth the InstnKlhJn of Ihe Church Meeting. thal the apwopriale level of Insuran fty bw"Iding, arKI em0yer'S liability Is held. and ¢ all properties induding those held on separale propertytrusls. {ex¢ept those buildings that are required to be kept in pair and insured by a tenanl) are kept In Ihe apwcyiatè state of repair.
GREAT VICTORIA STREET BAPTIST CHURCH TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 Me•tlngs aml Quorum There must be a minimum of Iwo ftdl meetirwJs per year. There shall not Ix fe4¥er than pe(sons. or half of the number of appointed IrLBlees (whithw L8 the Wer number} present al a full meeting of the Iwslees. In addition lo the meelir¥Js of the %thole grp. thè chty trustees may meet in such sugrOUpS as are necessary and convenienl. RetKth ol such sutw meel¥ws must be made to the next fijll charity trustees Meeting. Offlc?¥04rgrs The Church rewmses spiritual offices the Church.. Elders and Deacons Eld?rs Elders are re8F¥)nsible for overwThJ Ihe affairs ol Ihe Clwrch. W¢h paiti(yJlar responsiknlity for spiritual matters. by being servant leaders aNJ shepherds of the Ilock of God. teaching. ng for and prolecfing the Chureth from error. Tlse elig'ble to SfJNe as Eklers shal" be chosen trom the male (according lo l)h)10gcal gerKlerJsex al birth) membership of the Church., display the necessary qualifications as Iwd out in 1 T¥nothy 3 and TIttB 1". be in membership of the Chui¢h for al least t} yews". be in g¢)od stanthng with the Church." alfirm and hold uMeservedty Ihe Dtxln"nal Statement ol Ihe Chwch th exeepli¢M of a Pa5tcf. Eklers serye a Per of fve year5. aKI we eligible for re-election. Candidates fLY the Office of Ekler are I7ted in Yiti"rKJ by kn4•) Chwth members lone of whom S)uld be an Elder} al least three wedrs prior lo the churth meeliry al vthich the election of Elders is to lake place (usually in March}. The election of Elders is by bak)t vote and wires a fvthirds majority of those present and voting at the meeting. tINn the role of Elder, the Chwch recognises the Lift ol Pastor to Go(fs Feopbe for service that Ihe Church might be tsjilt up. A Pastor shall: be chosen from the membership of a ehwch of like laith and order" display the gift and qUalifatIonS of Elder as set ¢yJt in Clause 5.1.2 of the Church Constituti. and affirm arKI hold wreservethy Doc1rin SLitement ofthe en appointing a Pastor. selection committee Fyoposes a name lo the Crth al a speTral meeting of Ihe Church vknere the call of a Pastcf is to be CrSIdered. The appointment of a Past is by ballot vote arKI require a Iwo-thirds majority ol the entiTe membership as set CMJI in the Church Trust Deed. If the rTiajority at Ihe speaal meeting of the Church is uyealer than seventy-five percent in favtyx. but less than the total required by Ihe Church Trust Deed. a5senl fomis may be gven to ttKJse members unable to be present at the special meeting. The lems of the Pastorfs app(xntmenl shal be negolbated by the Offwbearers alrA"n9 to guidelines approved by the Church. D••¢ons The dulles of Deacons, spiritual in nabjre. l#e the administratK)n of the affairs of the Churcl) to enswè the smooth, ordered effiuent runniry of ¢hurL lrfe the wactical care of the members. Members to be cOnSered for apF1nlMenI as Dean$ shal". display the necessary qUalffiCat as laid in 1 Twnoty 3" have been. eally, in membersl¥p of the Clrch for a pwi(yJ of at kast Iwo years: be in good standing wrth the Church., and affirm and hokl unreser¥edty the Cbctrinal Stalwent of the Church {see Clause 31. Deacons serve a period of three years are elybbe for r&elecliM.
GREAT VICTORIA STREET BAPTIST CHURCH TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 Candidate$ for the Offi of De nominated in by two ¢hurch members al least Ihree weeks wior lo the church meeb.ng al vthich the election of Deacons is lo lake Flace. Persons nominaling cAnth'dates must first obtain I1r consenl The elect of Deacons is by balknt vote and reqwre olIrS of those wesent and voting. The Officfrbearers commend W r¢h members for appoinlmenl lo the rc4es of secretary and tteasurer who al80 hdd the role of Deacon. Offlceearers' Meetlngs The offi-bearerS shall normalty meet each month. tfvthh the exception of July and August. dale ofeath meetsng shal be set at the prewous meeting al the blest Office-bearers. MeetsThJs may be convened to consider matters of urgency arising IKtween the montlty MeetiThJs. The quorum for Office-bearers. meetings shall not be fewer Ihan two Persons. or half of their number. vthichever Is the greater number. The Church Secretary shall seTrice the MclY 0ffibearers. Meetings wrth minutes Irj circulated in timely fashion. The cjrCh Treasurer shall rewt to the 01t.tearels eh month on Ihe cJJrrent financia posllion of the Church. Elders shall meet separately to consKJerthose matters whith affect the spinlual lrfe of the Chwch. ObJ•¢tlv•s and #IVItI•S of th• Charlty ObJ¢¢tl¥•s Greal Vi¢toria Streèl Baptist Church Ihe headship of Jesus Christ over his Chuich and exists lo glorfy the Iriune God by maintainin9 and womotir@ worshp both wyliwdually and corporately Its members devole Ihemselves lo Ihe leaching of Scn'pture. to fdlowip, breaking of bread. wayei and evangelism They commit. wth the help of God. to witness lo saving and Sustwning power of the Lord Jesus Chrtst to work the exiensK)n of his The principa charitable object of the Church Is the adVarment of Ihe Chrkstian f3ilh accordiig lo the leaching ol Scripture. the Doctrinal Stslemenl and BaF115t prlt$. A¢tlvltlos The Churcj) meet for moming atKI vA)rship eath SLmday and visitors are welcome to participate Communion is ¢debraled the first SurKlayof Mth at the motning servKe al the evening seNice of Ihe third SuThJay in the monlh Anyone who has made a professKfft of faith In the lord Jesus Chri51 and Is on 91 Sta1 at their local thurch Is wei¢ome lo share In oxnMLw). There Is a range of activikn'es Ihat we hekl regulaty th1oh( Ihe year idIng bul Iimrted lo." Sunday services- nKJrrMng and everNng Sunday se)01 Crèche Youth ministy laThJ one-off events induthng games eveniNJ aN1 day trip) Bi-wèèkly mid-week meetings Iprayerl Bi-weekly Small GroLJPS (home Bible St and prayer grcmjps) Monthly Mid-weèk Mission F(xus méeb.ngs Friendship Hour (monthly ministry lor seni( citizens vAth one-off special events al Christmas etc,) Abide Imonthly women's ministy wlh one.off speual events-l 20s & 30s (ministry for young adums for fellowship and disciplK)g) Followng God Togelher Imonthly ministry for adults with intelleclual disabilty) Men's Breakfasts (Fdlowship and discAp1ingl Timetyjl (Fdlowship gr¢)LP lor 50 plus age groLpI Hope Explored {evangelisiic &ble sludyl Bounce (seasonal vocatnal kjds &ble Club)
GREAT VICTORIA STREET BAPTIST CHURCH TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 Att•ndanc• Some approximate average tendce ffigwes indude.. Sunday moming servi5 170 {meml)wslxp 144} Sunday school 20 Tols & TleS 15 Crèche 18 Abide 20s & 30s Friendship Hour Small Groups Mid-week Prayer meetin9 TimeoLrt Youth 35 24 135 20 10 A¢hl•v•m•Trts & porf0rnmn 2025 The ChurGh rewlarfy gather5 for worship, wayer. &"ble stutty. Fyeaching teaching for all age groups, arKI provides pastoral care to the Chlrth thrOh visilalTh and prayer. We organise meetings and èvents lo proclam demonstrate with ow lives belief in Jesus Christ as Lord. The Chwch conducts evangelistic and cmjtreach missi( ivbties arKJ supports other Christian orglSationS and charities through ¥dteen"ng, ffftwKial grNs ryayer. aKI provJiThJ pasloral a1 nandal to our missionary family. Charfty Trust•M 2025 R•port As we refiect on 0ther year of mintsty al Gfeat W. we deeply thankful to the Lord for hts good hand Upc us. Local church life is akvays a blend olenct$ and chalwes, moments that lift us up and seasons of challenge. Yet through e¥wy huh KI kw. ¥ are hekl by a Gcxl Vtho is failhlul, kind, and unthangirvJ. What a comfort thal is. Worshlp We continue lo tyto set the tone for everylt¥"tyJ m chwch lrfe by means of faithfvjl and affectionate expository preaching. Over ttrus past year V+e s(whl lo leam godly wsiJrn frrxn the book of Proverbs, Chrisuike Joy from the bo(A< of Phil'pFia. and steady IK)pe from some Psalms to bnghlen dark evening$. We also anlicpated the I11n9 ofChri$l in our'come thtyj Img expected Jews, advent wTres at the end of the year. We have $uppced this gUlar diet of preacPirvJ wAh scKne addthonar testimony evenings. mission evenM)gs and special topical messages on thiros I'ke Christianty In and h(yw to enjoy our Bibles and prayer more ftdy. OLW Sunday preacthing mirmsty ha5 been aga so cc¥nra"menled by cu grcmryng small groups and encouragin9 midweek wayer trnes. Hlghllghts There has been mwh lo encourage us in 21Y25 as kmjk bk at the widè var• of activit$ in Great Vic. vthich ensuffj that there is something mearingful for everyone - from our lituest cffle$ right through to the most senior in our church famty. Even in the mNJ81 of the gr7ng dwllerye of magIng Space as our church family grows these encouragements in¢hJde". The addition ola new fem pasl¢)ral care tvker io the staff team. Encouraging progress toward the of OLf l1j wc4ecl. It now seems that breaking ground is drawiNJ increasingty near. Accepting 10 new members into Ihe felkywslbp. celebratr.ng four baptisms. Welcomed 'Followng God TOgetr as a formal Great ffinisty. The NnnirwJ of HO Expl¢xed- a Ihree-thtek evw'stic &'ble slw. The continued gr0h and strengthening of ow y(th kqiiwstry. The expansion of Church Suite lo commuThcale WItn the ChLxch CnmmLJty.
GREAT VICTORIA STREET BAPTIST CHURCH TRUSTEE5' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The Charity TrleeS are IhaN(lul foi the deduted and often unTh)ts"c%d service of everyone sewes the church family We are gratelul for every ministry from the catering team %tho provide iefreshments after each service. lo the welcome team vtho support the Deacons every Sunday. * all those Vtho care for the building where we gather lo worslip. Chur¢h Famlly We were delighted lo wrMe seven new babies into cxjr ¢hur¢h lamity during the year. Each birth has been a precious blessing and a remiThler of Go(fs contsnuing goodness lo us. We saw the home call ol three of our memtxrs vthose comlx.ned membership spanned 185 years. We are thankful the¥ faithftnesS ané deth'cated ¢ommFlment lo the thwch family al Great Vic. demonstrated through their service in missloll SUPFQrt. Campaigners. Iw)italty and the diaconale." 'And I heard a v¢yce from heaven saying. "Blessed are the de•J who die in the Lord trom on 'BlÈssed indeed" says the Swrit, "that they may resl from their labrs. for thw deeds fc4low thewnl- Revelation 14.'15 Mlsslons One of Ihe pnvileges that Great Vic has a local Crch is senth'ng and supports.ng missionaries seek lo make thsciples in other nations We gve thanks for laihful gospel workers from G81 Vic who are labouring for the fame ofGods name across the wortd- in Frare. Portugal and Peru as well as those based In Norlhem Ireland We were partKulaty de1hted to appThnt l¥ffj coleS as missKynaries In Oclober 2025 Ow Missw)ns Focus Sunday was in November 2025 and ow guest speaker equipped us praCtalty lo reach oul ¢ross-CLlluralty wilh Ihe good rws of the Gospel. Flhancial r•vl•w The net incorne lor the year awwK>unted to £378.781 12024.. £234.629}. of which a nel income of £6,860 1$ ailributalje lo unrestricted reseThes whth now stand al £191,(7 (2025. £184.2071 and a net income of £371,921 is attributable to restiicteil reserves. Plans for the futur• As we Iwk forward to 2026. we do so with excitement aThJ antsu"pation particularly in relatson to th¢ buikling projed as we antr'opate breaking ground to4Ydrd5 the middle of year. We believe the commencement of this new building Is not lY an historic moment Great Vic trtrt Indeed for the tr ¢ity of Belfast.. For Goé has not given us a spirii orr¢ar. but pOW. k)ve. and seff•wfv"ne."2 Timothy 1..7 Publt¢ 8eneflt The direct benefits which ffiow from wrpose indje.. Elemal salvation ar adoptty)n inlo Ihe family ol God through Gospel of Jesus Christ. The spread of the Gospd of sU5 Chrisl bringing reo)nulptk)n ix)Ih btheen human beings and God and between human beirwJs. The gaining of an understanding in Chrislian beliefs as set out in the Bible and Ihe Doctrinal Statement of the Church leading to spititual and moral devdoK¥nent and personal growth In Christian faith. The prowsion of regular christi educal'on. h'n9 peo lo uThJerstand, live out, defend and promote the ChrTStian Gospel of Jesus Christ. PracD'cal exprewons of Christian beliefs and slandwds in the ccrfnmunity such as through Ihe care of those In need. as%sl8nce arKI comfcrt lo the sKk. elderly and bereaved. The developttEnl of indNidual abiljty and Llft thr the erKJa9ement ofwlling volunteers in prti{ and spiritual service The wlive Imp&t C sow Ihat comes from the fNiry out of Ihe Clwistian wortdview. The benefrts art$g frcln the purpose will be demonstrated thrOh.. The numbei of attending actiwlies events and dillY benefrting each week from Bible leaching and corporate worship The leaders and helpers mobili5ed each Eek th various wogrammes arNJ the positive conlribubons of members wthin Ihe WKler commuThty, and The effective pastoral care SLWJrting both faml*s arHI indpiiduals.
GREAT VICTORIA STREET BAPTIST CHURCH TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 This will be evident£d tlwwh re93[ evaK, repNts aid infomal feedback from members and those attendirrfJ the evenl$. ther famils aThJ the wbhc wJthTn the t%mUnIty in wch the Church rates. The Trustees do not anticipate tw any harm ill fkmt frc4)) any of the above purposes. The Churth's benefIaries are.. Church Members, Associate Membs •rwJ A<lrertS. KI any(Th 7kn chooses lo altend church services wch are open to members ol the general 1¢. other individuals Ihal the Church is in th.rect and inth"re¢t contact with. MMlty in 4thich pastor servi5 are provided and other ccrfnmunities throughout Northem Ireland, the RepublK of Ireland. and worfaknde Vthh benefit engagè1 ith and SUFWI both Cmstian and secular Ofganisations. The onty pnvate benefts Iloing frcrfn ow pwposes are the provi5KM of a Stipend lor any pastor of the Church who wll also assume the role of Trustee and pJ employment for Ihe pernonnel required to man&Je the wrrtk ofthe Church. Any Trustee app)inled by Ihe crCh as a member of the Missi(may Family KMII te entitled lo narjaI support trom the Church according to the Churth Missionary Sh slipend. salaries. wjpport and any 1Thrred expenses are incidental to enatAe the Chwth to provKle the paste1 and administrative support lo I1 the PLWPOSe. stst•m•nt of trusl•H' r•sponslbllltl•s The Iruslees required to prewe the truslee's Amual Rewt and the financial statements in accor¢Jance th applicable law and UThted lQrylom Accomts'ng Standafds (Unrted King¢k•m Generally Accepted Accounb"ng Prtae). The law applicable to charities in Norfhem 1rdd requres ihe trustees lo prepare finan1 statements for eath finanaal YearVthh gives a tsue and fw"r view of Ihe stste of affs of the ¢arity and ofthe mcoming resources and appliralion of resources of the dwty fcrf that pwp)d. In preparirKJ these financial statements. ts truslees are re¢wired lo: select suitable ac¢(NJrting poliaes and then apFAy Ihem conwstently, observe the methods and prin(aples in the ChtieS ISORO 2019 IFRS 102) makeiudgments and eslimales that ¥e reasonatle aTrJ lewhelher applicable x¢ounting Standards have been followed prepare the fincIal statements the wry coreM tss it is irrappropriate to presume that Ihe tharity will continue in operakn. statemgnt of tru$t•es' re5pon51blllll•s {COfbtlnu•d The trustees are responsible forkeepng prwaccwnling reCdsthat disclose vith reawnable accuracy at any time the finanaal s1"0n of the chanty and enab them to ensure Ihal the financial ststemenls C4)mply Vilh the Charities Act (Nfmthem Irel8nd) 2008. Ihe Charitie$ IAccoLnts and Reports) Regulations {Northern IrelaNII 2015 arKI tt)e plovisions of the trust deed. They are also responsiblè for safeguarding the assets of the tharhty and hence for L*ing reasonth steps for the prevenkn.on and deteCtIL of fraud and other irrewlarities. The trustees, report was wroved by the Bowd 0fTnlee$ (m . by.. YJ sned on rtS teha Mr St•ve Auld Cho1rn)an of Church Charlty Tru8t••s
GREAT VICTORIA STREET BAPTIST CHURCH
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF GREAT VICTORIA STREET BAPTIST CHURCH
Oplnlon
We have au
GREAT VICTORIA STREET BAPTIST CHURCH INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF GREAT vicfoRIA STrEET BAPTIST CHURCH Matt•rs on whkh are requlred to T•POrt by exc•ptlon In the h'ghl of the knowledge and understanding of the charity and its enVtIt obtned in Ihe course of the auth'( we have r#)t enIrfd malwial rrisstalements in the management commrtlee report. We have noltrN"ng to report in respe¢t of Ihe follo%4ry matters in relab'rm to vhwch the Charities (Accounts and Reports) Regulations {Northem Irdand) 2015 requ$ us lo rew)rt to you if. in our csjinion". the inlormalion given in the finarKial statements is )nsIsteni in any material re4)ect ¥itl) truslees, rep¢)rt." or suffiaent accounting reu)rds have not been kept., the ffiriarnial statements aTe not in agreement Ihe accounting records: or we have t received all the nformation expln$ we reqwre for our audit. R•sponslbllltl•s of th• trusttts As explained more fulty in the statement of trustees. TesFonsiblths, the trustees, we re8pcffisibbe for the preparation of the fv)ancial statements and for being salisfied that they Live a true and fair view. and for such inlemal control as the determine is necessary lo ene the kyeparation of financial statements that are free from material misstalemenl whalher due to ¢x error. In preparing the finan81 sLments. Ihe trustees aye res)ne for assessing the charity's ability to contsnue as a g(Mng COeM, disdosing. as applicable. matters related to uYJiThJ concem and using the gOg ¢0M basis of accounting Lnless eilher int to cease operatiorts. or have no realistK altemative but lo do so. Audltofs responslbllltles forth• audlt of th• flTranclal stt•m•nts We have been appointed as aL¥Jrtor undef Sect 165{3llbl of the Chaiilies Act (Northem Ireland) 2008 and report in accordan¢e wilh regulabons der sedion 66 of that Act. Our csjectNes are lo oblaln ftasonable assurance atKxrt w•er the fin81 stalements as a whole are free from material misslalemenl. whether due to fraud orerror. and to issue an audrtorfs report that inclLKfes our opinion. Reasonable assurance is a hw level of asswarKe but is not a ouaranlee that an aLKlit onduded in a¢¢ordance wlh ISAS (UK) wil always detect a material misstatement when 11 exists. Misslalemenls can arise trom fraud tr eThor are cldered malerial rf, individually or in the aggregate. they could reasonatAy be expe(ed to 1n1bjer Ihe decisions of users taken on the basis of these financial Statements. Irregulanties. irKluthng tra1. are instances of 7hith laws regulaticffls. We design ProureS in lir wlh our responsibilities. ouv1 above, lo deteLI material mi&8talements in respect of irregularities. Ind11ng fraud. The extent to vhN¢h ptoeedwes are capable of delecling 1tregularie5. including fraud is detailed belLW'. - the natwe ofthe orgarisab'on and se&. conlToI enrorent and performance.. results of our enquiries of management about Iheir idenlrfubon and aSsessnt of the iisks of Irregularrtie8', - any matterswe ¥Jentld havirKJ ctlained aThJ reviv4d the thari$ dcmentaon oftheir policies and prorEdures relating to.. identifying. evaluabng and C(.g 7Mth laws and re9at)n$ ththether they Ire aware of any instances of norkcompliance.. - delecling respondng to Ihe risks of fraud aThl whether ltry hawe knowledge of any actual. suspected or alleged fraud., the Intem cxjnlrols estatlished lo mitigate riths of tra1 or ftcrfC0MplIan ¥th laws regulations., the matters discussed On9 the •Jdil engwent team and relevart intemal specialists where necessary regardiNJ how and where fraLhJ might in Ihe finarla1 statements and any potential indicators of fraud. developed an underslandiw of Ihe key fra ri5k8 to the entity (ndudiTrJ how fra Mjht occur), the controls in place to help mitigate those risks. and the acCour6. baLMces aThY th"sck)sures wlhin the fjnan(ial statèments whM may be SUSCeptie lo management kna5.
GREAT VICTORIA STREET BAPTIST CHURCH INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF GREAT vicfoRIA STREET BAPTIST CHURCH We also olAained an understanding of the lÈga and regulalory frameworks Ihal the Chaty operales In, focusing on provisions of those laws and regulatKx)s that had a (re¢t effect on the determination ol malerial omounts and disclosures in the financial stalemenls. The key laws and regaliCS we considered In this context ndLtyJed the Chanlies Act (Northem IreL4rKI) 2008 aTrJ Taxats"on LegIaon. In addilion, we ¢onsidered prowsions of (thr laws regulations that do Th)t have a direct effect on the financial slalemenls but mpliance wlh which may be fUrmental lo Ihe charity's ability to operate or to avoid a malenal Penty. As a resuK of pfomiing the above tx wocedwes to iespcfftd to nsks KIentifi Induded the followng". reviewing the financia statement disdosures arKI teslirg to Supming documentatson lo assess complian¢e wlh wovisions of relevanl laws arKJ regatiOnS described as having a direct effect on the finanal statements, eUlring ol management concerring actual aThJ pxjtentia littiOn and ¢ims. perfomiing analyts.cal procedures lo identify any unusual or unexpected relatShIpS Ihal may Indicate risks of material misstatement lo rea¢ing minutes ol meetings of those chwged wilh governar aTrJ re¥ng Cwespcden Vith HMRC, addressing the risk ol fraud thr(m management override of eA)ntrols by testsng the appropriateness of Journal entries and other ajiuslmenls. assessiThJ Wle1 the judgements made in making accourrting estimates are indicative of a potenbal trf"as. and evaluab"rvJ Ihe bus1ness ratnae of any signifKant transactions that are unusua or OLthde the norn)al Course of business. We also ccrfnmuricated relevant laws aTrJ rwations and INAential fraud risks lo all engagement team members. induding inlernal spery"alisls and remaned alert lo any indicahons of Iraud or rK)rF compliance th laws and regulatsons throughout ts audrt. A futther descripts'on ol our responwbililies is avadable on the FK)cial Reporting CoUn1.S website at.. http$ 11 frc org.uklaudrtorsresrKmsitN"lilies. This descrip forms part of our audilorfs report. This rerM)rt is made SOlY lo the charity's truslees. as a bW, in accordance Y+ith Part 4 of the Charities (Accounts aThY Report$) Regulabons (Northern Ireland) 2015. Ow au¢l work has been un(lertaken so that we mighl slate to the charity's trustees Ihose matters we are required to stale lo them in an audilorfs rewrt ar lor no other purpose. To the fuwest extent pem)ed by law. we do not accept or assume responsibility lo anyone other than the charity and the than5 trustees as a bJdy. for our a111 Work. for this repcrt. or for opinions we have formed James Gag• (Sènlor Statutory Auditorl For and on hall of Johnston Kenn•dy DFK Statutory Audltor Cfvart•red Ae¢ountants R•glstertd Audltors 10 Pllots Vl•w Heron Road B•lfa$t BT3 9LE Dato: 2076 io-
GREAT VICTORIA STREET BAPTIST CHURCH STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOMEAND EXPENDITUREAccouKr FOR THE YEAR ENDED 31 DECEAIBER 2025 unr•$trfc Restrk Total Unr•strl¢t•d R•strfct•d funds fvnds funds 2024 2024 Tatal 2024 Incom •ndowm• Donations and legacies Investments an 207.880 403.741 8.1 611,ff21 8.1 182.489 241.619 15.594 424,108 15.594 Total Incom• 207,880 411.939 619.819 182,489 257.213 439,702 ndnuro on: Charitable activities 168.181 72.857 241.038 146.126 58.947 205.073 Gross transfers bebween fiJnd$ N•t Income for th• y•4rl Net mo¥•m•nt lft funds {20.2931 20.293 371.921 378.781 16.070 218.559 234.629 Fund balances al l January 2025 184.X17 3.104.247 3.288.454 168.137 2.885.688 3.053.825 Fund b•lanc•s at 31 Decemb•r 2025 191.(E7 3.476.168 3.667.235 184207 3,104.247 3.288.454 The statement of finanaal actlvilies irKaKles al gains aKI losses recr*3ni8ed in . All InMe aTrJ expenditure derr4e frcffi c(thuirvJ thities. Th• notos on p49•8 14to 20 forn) p•rt of th& fthanclal statements 11
GREAT VICTORIA STREET BAPTIST CHURCH STATEMENT OF FINANCIAL POSITION AS A T31 DECEMBER 2025 2025 2024 Flxed assets Tangib assets 2.088,547 2.097,799 Current 455•ts L)eblors Cash at bank and in 234211 1.352,283 61.411 1,136.764 1.586.494 1.198.175 Cr•dltors: amounts f•lllng du• wlthln On• y•ar 10 IT.8L) 17.5201 Net current a$s•ts 1.578,688 I.1.655 Net assets 3.667,235 3.288,454 Income funds Reslricled funds Unreslricled funds 11 12 3.476.168 I91,7 3.104,247 184.207 3.667,235 3.288,454 The financial stalemenls wtye approved by Ituslees on. 16 QPC Mr Stev• Auld Chalmian MI Rob•rt Patt•Tron Treasur•r Th• notes on pag•$ 14 to 20 fomi part of flnanclal statemts 12-
GREAT VICTORIA STREET BAPTIST CHURCH STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2025 202S 2024 Cash flows from opeT•llng actfvllf• Cash generated from operaknons 14 207.976 172.478 Inv•stlng a¢tSvAI•8 PUhoSe oflangible fixed assets Inveslm&nl income reoived {6551 8.198 (4.0001 15.wl N•t Cash g•n¢ratsd fromllu¥od In) Investlng activltles 7.543 11,594 N•t In¢r•4s• In eash and ¢ash •qulv•l•nts 215,519 184.072 Cash and cash ewivalents al beginnmg of 1,136.764 952.692 Cash and Cash •qulval•nts at •nd of ywr 1,352283 1,136,764 13-
GREAT VICTORIA STREET BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accountlng pollcl•s Chafmy Informatlon Gat Victoria Street 8aplis1 Church Is a regisleyed ¢tsity in Northem Ireland The registered office is 66a Great Victoria Street. Bellast 8T9 6GD. 1.1 AccouTrtlng ¢onventkni The fanrAal slalemenls have been prepared in accMlar¢¢wth the"Accounting Repowb"ng by Charities.. Slalement of Rewnmended Practice apphcable to (aritses prepari their accounts in accordance with the Financial Reporting Standard applKable In the UK and Republic of IrelaThJ IFRS 1021" as amended for accounting period commenang from 1 January 2016 The chanty Is a Public Benefft Entity as defined by FRS 102. The fmancial statements are pryed stwliThJ. wfv¢h 15 the hjrthonal cutrency of the Charity. Monetary amthjnis In these financi81 stalemen15 are rounded to the rwt £. The finarnial stateents have been prepared under the hi8loncal wst ccmvention. modified to indu(le the revaluatson of freehold properties and to rfude Investment prOpertS and Orta financ4al instruments al fair value. The pfincipal acLounling pclKJes adopled are set wl below. 1.2 Oolng ¢oncem Al the time of approving the finarKial statements. the ttustees have a reasonable 8xpeclation thal the Charity has adequate resourcès lo continue In operalTonal extstence lor the foresèeable fuluie. Thus the trustees continue lo adopt going Conein ba5 of acc4)unb'ng in Ihe financi stalemerfs. 1.3 Charltabl• funds Unrestricted lunds are avalable for use at dL8uet#)n of the in furlherarKe of Ihèir charitable oblectNe8. Restn¢ted funds are sutpct to speok ¢(j111S by or$ as lo how they may be used. The purposes and Uses of the restricted funds ale sel out In the noles lo the financia slatements. 1.4 Income Income is reccJntsed when the Chavty Is legalty entitled to rt after any perf0m1ce conditions have been mel. the amounts can be measured rely, and it is probat4e that irwme wiu bè received. Cash donatnS are reccgnised on receipt. Other donal1S are re¢(yJnd (¥ ihe Iwslee has been notsffied of the It110n unless performance cond'0n$ require deferral of the amount. Income lax recoverable In relation lo ¢J)nalKS received under Cift ot deeds of covenanl is recognised al the lime of the donation. 1.6 Exp•ndtiuro Expenditure is recogntsed once there is a legal or construth've ¢)b"gaI to transfer ecorw)mic benefit l) a third paty. rt is probaNe that a transfer of ern1C benefils be required in settlement, and the amount of the oblrgatson can be rlleasured rellaY Expendilure is classffied by a¢tivily The costs of each aciiwty are made up of the lotll ol direct costs and shared costs, induding supwrt costs invow in uThJertaking each actwity Direct cost$ attribulable lo a single actjvty are alloc21ed diredy lo that tNty. Shared costs vthich conlribule lo rnore than one activity and 5UPPOrt costs which are not attribulable lo a single activty are apportioned befvthn those activities on a basis consislenl Vdith Ihe use of res(MJrcEs. Central staff costs ale allocated on the bass of time spent. 14-
GREAT VICTORIA STREET BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accounttng polioes {Comlnued) 1.6 Cash •nd ¢•oh •qulval•nts Cash and cash equivalents Ind cash n harwj. de)ts hehj at call with banks. other short-lerm liquid investments onginal Malurrts oftree orless. aTrJ bank o¥erthafts. 8ank overdrafts are show within borrowngs in current liabilrties. 1.7 Flnanclal Instrum•nts The has elected lo apply the provi of Seth) 11 'Bac Finlia1 InstrUnIs. arnj SectiM 12 '0ther Financial Instruments Issues. of FRS 102 to 41 of rts fnancral instrurrnts. FInar1 instruments We recogntsed in the ChanV$ barKe sheet 7thn the bectrfnes paty lo the contractual provisions of the mstrvment Finala1 assets and lla.11tieS are offset, ¥ffih the net amounts presented in the fmancial statements. when there Is a legally enforceable ri1 lo sel off rewised aMots and therè is an intentn to setue on a net basis or to reale the asset and sellle I"Ity simknsty. 8asl¢ fin•ncWassets Ba&c finanal assets. vlhth Ilde debtors and cash and bank balances, are inits.ally rneasured at transa0 price mduding Isathn costs and are subsequently canied al amortised cost using the effe¢tive terest melhod unkss the arement constrtutes a financ#ng tr3nsa¢tion. where the Iransa¢lion is measured al the present vae ol the ftrture rp1S discounted at a market rate of interest. Finanal assets classified as receivable wrthn one year are not aM0.Sed. Basle flnaneial Mablllues Basic finanaal 'ab¢"Iils. incluthry and twk loar are iThtsalty recywised at transaction price unless the angernenI constr1$ a financw transaclmin. where the debt instrument 1$ measured al the piesent value ofthe futu payments dixounted al a matket rate of interest. Financtal liabili$ classified as payable 'n one year are not amortised. Debt instruments e subsequenlty camed at WnorId c<t. Ing effective iiterest rate method. Operatsng credit(Ys are Obligatio lo pay or seThtt$ that have been acquired in the ordinary coutse of opwations SUPFdws. knunts payable are classfftd as current liabililies if payment is due ithin cffle yearcK less. Ifnol, they presented as fK)Trcurrenl Iiabilikn"es. operati creditors a re¢ognised inrtialty at transaction sub8ery• measured al anortised cost using the ellective inleTesl method. D•r•cognitlon offfn•nciallialWI Financi liatslities are derecognised when the charty's laatIOnS eTe ¥e discharged or cancelled. 1.8 Employe• b•n•flts The cost ol any unused hdK1ay enlillemert recoJnised Yi Ihe penod in which the employee's see$ are received. Tem)inatson benefs are rec(NJntsed immedtely as an expense lthen the Is demnslrably ¢)Jmmitted to termirle the employment of an emKAoyee to prode termination befits. 15-
GREAT VICTORIA STREET BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Crltlel ¢eountlng estlmates andfr*nts In the ap[411 of the Chanty's cOUnr0 Oicies. Ihe trustees are required lo rnake iudgemenls. estimates and a5sumptKJns about the carrying amount of assets and lia1&b&S that are not readily apparent from other sources. The estimates and aSsocled assP$ are based on histor1 exp8n8nce and oth factors Ihat are considered to be relevant Actua resulls may drfer from these eslimates. The e5tsmales arKI undedw'rg assump11$ ale revMv&Y on an rryong basis. Revisions lo accounting eslimales a recognised m the penoj In whth Ihe esbmale is revised where revis affects only that period. or in the penc¥J ol the reVts and future penods te Ihe re$n affects both ¢Lwrent and future periods Donatlons and l•gacl Unrestricted R•strfct•d fund5 funds Tolal Total 2025 2025 X125 2024 Donatsons and gfts Gilt Aid Income 173.251 361.567 42.174 534,818 76,803 369 840 54,268 207,880 403.741 611,621 424,108 Investments Unmtrkted fund$ R•strlcted lund$ Total Totsl 2025 2025 2025 2024 Interest recewable 8.198 8.198 15.594 Chartt•ble A¢tl¥lti•$ Totsl Totsl lunds funds 2025 2025 2025 2024 supp Costs Activity costs 18. 149,575 10.475 62.382 29.081 211957 28,314 176.759 168.181 72.857 241.038 205,073
GREAT VICTORIA STREET BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Tru$t•#s 4 Iruslees were empw by the Churth duriThJ the year. In the capaw as employees received remuneration tolalling È1C6.366 durirg ts finanal No remuneralKJn was pad in relation to thr dulles as trustees. Employoos The average rnontNy Thber OfeM yearwas: 2025 Numbgr Numb•i 8 Tanglble fix•d •55•ts Flthr•5 Total Al 1 JaNary 2025 2.075. 49.162 2.124,548 Ad(filior 2,075. 49.817 2,125203 1 Jwry2025 26,7 26,750 9,9)5 C•nylng anNwrt 31 [*Q5 2.075, 13.161 2,088,547 2.075. 22.412 2,097.798 17-
GREAT VICTORIA STREET BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 D•btors 2025 2024 AccrLd in¢¢me 5.342 21.806 Redevelownenl costs In(rred Prepayments 226.585 2.284 34.916 234,211 61.411 Amounts wnthin one year 7.626 26,495 Amounts after one year 226,585 34.916 10 Cr•dltorn 2025 2024 Amounts wlthln one yo•r: Accruals 7.806 7,520 7,806 7,520 11 R•$tricted funds R•sow¢•s 1 J•nuary 2026 R4¥u[C•S Exp•nd•d Trnsf•r5 8al•nw•t 81 D•¢•mb•r 20 Fe5towship fr)ThJ Mission fwKI Sunday scho Trust SlaffiThJ Supp( Fund Abtde Fund Redevdowenl FUNI Propety Fund Young Adults Fund Female Pastoral Care Worker FUKI FollovAng G(¥J Together Fund Manse Fund 1,491 1500) 146.5181 1167) (20.092) (999) 991 13.951 32.568 755 19,972 S88 8.957 362 1.054,565 2.301,971 9,076 1,087 312.878 933. 2.110.302 124 191.6691 191.669 271 20 71.(5 {415) {4.166) 66,899 2.864 37.953 3,104.247 998 38.951 3.476,168 411.939 (72.85D 32.839 18-
GREAT VICTORIA STREET BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR fHE YEAR ENDED 31 DECEMBER 2025 12 Unreslrkted funds Trnn$l 31 O•e•Thb•r 2026 unrestrle Funds 784.207 207,880 {168,181) (32,8391 191.C67 13 Anatysls ol a$s•ts betw••n lunds Tw4lbl• N•¢curr•rt Tot•1 2026 Tolal 2024 R•strlcted Incom• funds Feljowship th'ssion Sunday School Tt Staffing Supwt Fund Abide Fund Redevelopment Fur# Propety Fund Young Adults Fw Female Pastoral Care INorker Following Ttrjether Fuj Manse FuTrJ 991 991 1,491 588 755 8.957 19,972 382 294 1.054.565 953.872 2,301,971 2,110.302 124 8.957 382 1.054,565 226.585 2,075,386 66.899 66.899 2.864 38,951 38,951 37.953 2.075,386 1,400,782 3.476,168 3.104.247 Unrestrlct•d In¢om• funds Oesiwaled knds Free reserves 13.161 13,161 177. 22,413 161,794 177. 13.161 177,9C I91.7 184,207 2.088,547 1.578.688 3.667,235 3,288,454 19-
GREAT VICTORIA STREET BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEAIBER 2025 14 C•sh gM•ratsd from op•ratsns 2026 2024 SurphJ5 for the 378.761 234,629 Adiuslments for Investment income recogThsed In statement of finantyal DeweciatK•n of larvJiblÈ fixed assets Movements In working cawtal Ilncreaselldecrease in debtors Increaselld8creasel in (xedrtors (8.1981 9.905 115,594} 9.166 (172.8001 288 155 4791 12441 Cash g•neratèd Irom op¢¥llon$ 207.976 172,478 15 Non-audit serv1¢• provlslon In commcffl many othei chth of ow soe ana nalwe ¥ use our audrtors to assist wth the preparalion on fin¢ral slalwnents Related party transa¢tlons During the year the congregation G(M)Inbuted £1.934 to ts Assxialion ol Baplisl Churche5 in Ireland lor congregation asSesSnIS Dunng 2024 the Trustees formed a company Iwniled by guarantee, GVBC PrortY Ltd IN1711686), lo manage redevelopmenl of the Churd) pr¢)perty. a166a Giealvictoria Street. Belfasl.. Payments advanced to this related entsty dunng the year. In rat to incurred. anou)ted to £191.668 and have been refflected wilhn note 9 of the a¢wunts .20.
GREAT VICTORIA STREET BAPTIST CHURCH MANAGEMENT INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2025
GREAT VICTORIA STREET BAPTIST CHURCH YEAR ENDED 31 DECEMBER 2025 Oetailed Intome & Expendlture 2025 2024 RECEIPTS Collections,donations & subscriptions Grant income for staff support Gift aid received 173,250 24,259 34,629 149,287 19,724 33.202 232,138 202,214 PAYMENTS Printin& posting & stationery ABCil Pension fund Affiliation fees Utilities Staff expenses Depreciation General expenses Magazines & resources Manse upkeep Phone IT & software costs Cleaning & consumables Repairs and renewals Insurance Salaries and national Insurance Pulpit supplv Event COStS Media & music expenses Youth work Creche expenses Professional fees 3.914 1,139 1,934 4,171 1,019 1,461 7,278 1,462 9,166 6,352 725 1,819 1,070 1,653 9,5 725 649 3.042 4,014 2,658 120.406 1.290 17,424 2.920 4.5S6 6,163 2,452 110,990 850 1.536 250 427 4,106 612 5.240 1192,4391 1165,8501 Net operatin8 receipts 39,699 36,363 Missionary Fund- Collections - 10% Transfer to Missionary Support Fund Transfer to Young Adults Group Fund 120.7881 111,7801 12711 118.2491 12,0441 Net receiptsllpaymentsl for the year 6,860 16,070 -21.
GREAT VICTORIA SrRE BAPTISTCHURCH YEAR ENDED 31 DECEMBER Z015 2025 2024 FELLOWSHIP FUND Balan at 31 Deeanbtr 2024 1,491 1.991 Collections and Grfts Balante ot 310ecember 2025 IS)> 991 1.491 MISSION FUND Balance at 31 Dember 2024 Donations Collections lox Designated from General Fund Transfer from General Missionary Support * Balance at 31 Dec*nber 2025 13.951 20.788 11.780 14.458 18.249 146,5181 {34,7511 'Included In this figure are the following orv4oin8financial support. 8aptlst Mlssions Aroldo & Eammanuelle Areas Nltola & Pierre Peacocke Xhuliano Qose Acre Internatlonal Mission Support- Shane McGloin -john Brew 4,5 6A75 6.315 1.125 16,940 28,175 SUNDAY SCHOOL FUND Balance at 31 DecEmber 2024 Expenses Balance at 31 December 2025 755 {1671 588 1.073 13181 755 STAFFING SUPPORT FUND Balance at 31 December 2024 Donations Support costs 8alance at 31 Oecember 2025 19.973 9,076 120,0921 8,957 30.337 9.359 119.7241 19.973 Ablde BW Fund 8alance at 31 December 2024 Income Pèyments 8alance at 31 December 2025 293 1.087 19991 382 2.752 12.7081 293 22
GREAT VICTORIA STR£ET wnsTCHURCH YÉAR ENOEO 31 DECEMBER 2025 2025 2024 REDEVELOPMENT FUND Balance at 31 December 2024 Income Gift Ald received Bank interest Redevelopment expenses Balance al 31 December 2025 933.356 263.504 42,174 739.892 192,914 21.066 14.400 134.9161 933.356 1191.6691 1.054.565 PROPERTY FUND 8alance at 31 December 2024 Transfer from redevelopment fund 8alance at 310ecember 2025 2.110.302 191,669 2.301.971 2.075.386 34.916 2.110,302 YOUNG ADULTS FUNO Balance at 31 Dember 2024 Income 124 1.070 19461 Payments Transfer from general fund Balance at 310ecember 2025 14151 271 124 MANSE FUND Balance at 31 December 2024 Bank Interest Balance at 31 December 2025 37.953 36.759 1.194 37.953 38.951 FEMALE PASTORAL CARE WORK FUNO Balance at 31 Detember 2024 Income Payments Balance at 31 Detember 2025 71.065 14.1661 66.899 FOLLOWING GOD TOGETHEA FUND Balance at 31 December 2024 Income Payments 8alante èt 31 Llecember 2025 GENERAL FLIND Balance at 31 r)ecember 2Q24 Surplus frgm receipts and payments ac 8alance at 31 December 2025 184.207 6.860 I91,L? 168.137 16.070 184,207 3.667.234 3.288.454 23