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← Hamilton Road Baptist Church

2025-12-31-accounts

Charity registration number NIC108149 (Northern Ireland)

HAMILTON ROAD BAPTIST CHURCH

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

HAMILTON ROAD BAPTIST CHURCH

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

Mr D Brown Mr C Waugh Mr D McCracken Dr D Steele Mr A Browne OBE Mr K McIlwaine Dr J McClaughlin Mr A McAvoy MBE Mr C McGuire Mr N McCavery Mr J Leddy

(Appointed 3 February 2025) (Appointed 12 March 2025) (Appointed 22 October 2025)

Charity number (Northern Ireland) NIC108149

Principal address 112-114 Hamilton Road Bangor Co Down BT20 4LQ

Independent examiner GMcG BELFAST Alfred House 19 Alfred Street Belfast BT2 8EQ

Bankers Danske Bank Donegall Square West Belfast BT1 6JS

HAMILTON ROAD BAPTIST CHURCH

CONTENTS

Page
Trustees' report 1 - 4
Independent examiner's report 5 - 6
Statement of financial activities 7
Balance sheet 8
Notes to the financial statements 9 - 17

HAMILTON ROAD BAPTIST CHURCH

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

The trustees present their annual report and financial statements of Hamilton Road Baptist Church (''the Church'') for the year ended 31 December 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's constitution, the Charities Act (Northern Ireland) 2008 and "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).

Objectives and activities

The Church acknowledges the headship of Jesus Christ over His Church and exists to glorify the triune God by maintaining and promoting His worship both individually and corporately.

i. The principal charitable purpose of the Church is to present Jesus Christ as Saviour and Lord in a contemporary, creative and caring way to people of all ages, circumstances and backgrounds so that they may, by faith in Him, be reconciled to God and, growing in grace through the Holy Spirit become part of a biblical community, worshipping Him and making a difference in today’s world.

ii. Arising from (i) above, the Church also acts (a) to prevent or relieve poverty and relieve need among those in hardship; and (b) to advance education especially among children and young people; and

iii. These objectives may be pursued in the United Kingdom or abroad at the discretion of the trustees.

The Church holds regular services for public worship, prayer, Bible study, preaching and teaching for all age groups, and provides pastoral care to the members of the Church through visitation, support and prayer. The Church organises meetings and events that promote our charitable purpose and participates in the life of the local community. Support is given to other Christian organisations and charities, locally and overseas, through volunteering, financial gifts and prayer.

The trustees have complied with their duty to have due regard to the public benefit guidance issued by the Charity Commission for Northern Ireland.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

The Church is committed to the spiritual, emotional and social wellbeing of all those engaging with the Church’s ministry. This ministry is open to all members of the general public as well as those who join the Church in membership.

At the end of the year church membership was 315 (2024 - 313). Average attendances on a Sunday morning exceeded 300 and on Sunday evenings there were between 100 and 200 people, depending on the programme being run. Pastor Keith McIlwaine (full-time) and Pastor Jonathan McClaughlin (part-time) have continued to pastor the church together with Associate Pastor, Chris McGuire. Pastor McClaughlin continued in his role as Principal of The Irish Baptist College.

HAMILTON ROAD BAPTIST CHURCH

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Sunday services are supplemented by a wide range of other activities depending on a large number of volunteers, who ensure their safe and effective organisation. For adults, these include:

The Church offers Christian teaching to all ages and seeks to show practical expressions of Christian belief in the local community by providing assistance to those experiencing hardship, ill health, bereavement and in old age. This work includes:

HAMILTON ROAD BAPTIST CHURCH

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

The Church also contributes to the education of children and young people through its own programmes and support for other like-minded agencies locally and overseas.

Financial review

The results for the year are set out in detail on pages 7 to 17.

The Church recorded a net income for the year of £21,794 (2024 - the Church had net expenditure of £69,827).

At the year end cash at bank and in hand was £64,682 (2024 - £32,178).

At 31 December 2025, the total funds of the church amounted to £1,282,243 (2024 - £1,260,499). This includes designated funds of £1,175,096 (2024 - £1,206,117), which are explained in note 15 of the accounts.

There were no closing restricted reserves at 31 December 2025 (2024 - £1,048).

Reserves

The trustees have established a policy whereby the income of Hamilton Road Baptist Church should be expended for its objectives at the earliest possible time.

Notwithstanding this, it is considered prudent that additional resources in the region of £80,000 are required to cover ongoing expenditure and should be held in general funds. Free reserves at 31 December 2025 amount to £71,466.

HAMILTON ROAD BAPTIST CHURCH

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

i

Structure, governance and management

The trustees who served during the year and up to the date of signature of the financial statements were: Mr D Brown Mr C Waugh Mr D McCracken Dr D Steele MrA Browne OBE Mr K Mcllwaine Dr J McClaughiin MrA McAvoy MBE Mr C McGuire (Appointed 3 February 2025) Mr N McCavery (Appointed 12 March 2025) Mr J Leddy (Appointed 22 October 2025)

The Church Constitution, agreed at the Church AGM in March 2018, defines the responsibilities, powers and proceedings of the Church trustees. The trustees normally meet three to four times a year and comprise the church elders, pastors, secretary and treasurer. They serve ex officio and their appointment is subject to a ballot vote by church members.

The pastors and elders also have responsibility for the spiritual life of the church and meet at least once monthly. They are assisted by the deacons, who have responsibility for day-to-day practical matters, and they meet together with the church pastors and elders, as the church officers, at least six times each year. All appointments and significant items of church business, including the budget and expenditure, are submitted to general meetings of the church membership, of which there are three in the year. The Constitution also provides for special meetings to be convened in certain circumstances.

Contribution of volunteers The Church relies on the voluntary support of its members and adherents. Without this support many of the church activities would be unable to operate. It is not possible to place a monetary value on this voluntary support and, as such, it has not been recognised in the statement of financial activities.

Future plans

The Church will continue to develop strong links with primary schools in the area and host events to which the local community can be invited.

There will be a full programme of teaching and other activities for children and young people and a number of social events for the whole church, including a summer barbecue in the grounds of Bangor Grammar School and a community carol service in Ballyholme Park.

The Church will continue to support work elsewhere in Ireland and overseas and provide opportunities and funding for both short-term and long-term placements. These will contribute to meeting the twin objectives of poverty relief and the advancement of education, as well as our principal charitable purpose of promoting the Christian faith. It is planned to appoint a new church visitor to supplement pastoral care and to make other adjustments to the pastoral team to address the vacancy that will be created by the lead pastor taking up an appointment in the United States.

Therestegs' report was approved by the Board of Trustees.

r ASrowne OBE MrA McAvoy MBE Trust¢e Trustee Date: 1°AC| “laveww “102.. 6f

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HAMILTON ROAD BAPTIST CHURCH

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF HAMILTON ROAD BAPTIST CHURCH

I report on the financial statements of the charity for the year ended 31 December 2025, which are set out on pages 7 to 17.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008.

It is my responsibility to:

I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act.

My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters.

My role is to state whether any material matters have come to my attention giving me cause to believe:

  1. That accounting records were not kept in accordance with section 63 of the Charities Act

  2. That the accounts do not accord with those accounting records

  3. That the accounts do not comply with the accounting requirements of the Charities Act

  4. That there is further information needed for a proper understanding of the accounts to be reached.

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HAMILTON ROAD BAPTIST CHURCH

INDEPENDENT EXAMINER'S REPORT (CONTINUED) TO THE TRUSTEES OF HAMILTON ROAD BAPTIST CHURCH

Independent examiner's statement

Since your charity’s gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Chartered Accountants Ireland, which is one of the listed bodies.

I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention.

Mr Nigel Moore FCA for and on behalf of GMcG Belfast

Alfred House 19 Alfred Street Belfast BT2 8EQ

Dated: 4 March 2026

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HAMILTON ROAD BAPTIST CHURCH

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2025

Unrestricted
Restricted
funds
funds
2025
2025
Notes
£
£
Income from:
Donations and legacies
2
472,961
-
Investments
3
757
-
Total income
473,718
-
Expenditure on:
Charitable activities
4
450,866
1,058
Total expenditure
450,866
1,058
Net income/(expenditure)
22,852
(1,058)
Transfers between
funds
(10)
10
Net movement in
funds
6
22,842
(1,048)
Reconciliation of funds:
Fund balances at 1 January
2025
1,259,401
1,048
Fund balances at 31
December 2025
1,282,243
-		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
472,961
391,693
-
757
746
-
473,718
392,439
-
451,924
462,266
-
451,924
462,266
-
21,794
(69,827)
-
-
-
-
21,794
(69,827)
-
1,260,449
1,329,228
1,048
1,282,243
1,259,401
1,048		 Total
2024
£
391,693
746
392,439
462,266
462,266
(69,827)
-
(69,827)
1,330,276
1,260,449

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

HAMILTON ROAD BAPTIST CHURCH

BALANCE SHEET

AS AT 31 DECEMBER 2025

2025 2024
Notes £ £ £ £
Fixed assets
Tangibleassets 10 1,205,632 1,210,698
Current assets
Debtors 11 21,280 24,386
Cash at bank and in hand 64,682 32,178
85,962 56,564
Creditors:amountsfallingduewithin 12
one year (9,351) (6,813)
Net currentassets 76,611 49,751
Total assets less current liabilities 1,282,243 1,260,449
Netassets excluding pension liability 1,282,243 1,260,449
The funds ofthe charity
Restricted income funds 14 - 1,048
Unrestricted funds 15 1,282,243 1,259,401
1,282,243 1,260,449

The financial statements were approved by the trustees on BeapeENGre ROE EZOM ge2.0 y2GG

MrA McAvoy MBE Trustee

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HAMILTON ROAD BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

1 Accounting policies

Charity information

Hamilton Road Baptist Church is an unincorporated charity and governed by its Constitution and Rules.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's constituion, the Charities Act (Northern Ireland) 2008, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

HAMILTON ROAD BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

1 Accounting policies (Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings 2% straight line Fixtures and fittings 25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

HAMILTON ROAD BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

1 Accounting policies (Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Income from donations and legacies

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Donations and gifts 472,961 391,693
3 Income from investments
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Interest receivable 757 746

HAMILTON ROAD BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

4 Expenditure on charitable activities

Church Church
activities activities
2025 2024
£ £
Direct costs
Staff costs 188,979 172,578
Depreciation and impairment 40,176 41,484
Pulpit supply 750 1,620
Catering 6,092 8,162
Church events 340 12,981
Community 500 106
Evangelism 4,803 2,618
Fellowship fund 6,473 8,645
Lighthouse 1,569 1,462
Missions 93,895 72,638
Youth work 11,182 9,679
Church literature 882 3,085
Association support 14,098 32,191
Pastoral expenses 23,451 28,970
393,190 396,219
Share of support and governance costs (see note 5)
Support 56,034 63,049
Governance 2,700 2,998
451,924 462,266
Analysis by fund
Unrestricted funds 450,866 462,266
Restricted funds 1,058 -
451,924 462,266

HAMILTON ROAD BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

5
Support costs allocated to activities
Utilities
Advert/printing & stationery
Repairs & improvements
Cleaning
Bank fees
Insurances
Office
Telephone
Miscellaneous
Governance costs
Analysed between:
Church activities
6
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements
Depreciation of owned tangible fixed assets		 2025
£
19,209
816
13,202
4,186
1,947
5,603
4,363
1,252
5,456
2,700
58,734
58,734
2025
£
1,500
40,176		 2024
£
20,570
690
20,129
3,700
1,101
4,538
6,143
1,138
5,040
2,998
66,047
66,047
2024
£
2,100
41,484

7 Trustees

In accordance with the Constitution of the Church the Pastors also act as trustees. During the year, 2 (2024 - 1) trustee received remuneration of £94,276 (2024 - £46,999) and 2 trustees (2024 - 3) were reimbursed expenses totalling £9,949 (2024 - £9,528). No remuneration was paid in respect of services as trustee.

8 Employees

The average monthly number of employees during the year was:

2025 2024
Number Number
Pastors 2 2
Ministry & pastoral support 4 4
Admin 2 1
Property 1 1
Total 9 8

HAMILTON ROAD BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

8 Employees (Continued)

Employment costs
Wages and salaries
Social security costs
Other pension costs		 2025
£
170,125
7,558
11,296
188,979		 2024
£
155,279
7,485
9,814
172,578

There were no employees whose annual remuneration was more than £60,000.

9 Taxation

The charity is exempt from income tax and capital gains tax to the extent that its income and gains are applied for charitable purposes. No tax charge has arisen in the year.

10 Tangible fixed assets

Freehold land
and buildings
Fixtures and
fittings
£
£
Cost
At 1 January 2025
1,565,358
61,647
Additions
-
35,110
At 31 December 2025
1,565,358
96,757
Depreciation and impairment
At 1 January 2025
364,099
52,208
Depreciation charged in the year
31,307
8,869
At 31 December 2025
395,406
61,077
Carrying amount
At 31 December 2025
1,169,952
35,680
At 31 December 2024
1,201,259
9,439		 Total
£
1,627,005
35,110
1,662,115
416,307
40,176
456,483
1,205,632
1,210,698

Northern Baptist Corporation Limited, a charitable company registered in Northern Ireland, acts as the property holding trustee for the church.

11 Debtors
2025 2024
Amounts falling due within one year: £ £
Prepayments and accrued income 21,280 24,386

HAMILTON ROAD BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

12
Creditors: amounts falling due within one year
Accruals and deferred income
13
Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes		 2025
£
9,351
2025
£
11,296		 2024
£
6,813
2024
£
9,814

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

14 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 January Resources Transfers At 31
2025 expended December
2025
£ £ £ £
One off mission giving 1,048 (1,058) 10 -
Previous year: At 1 January Resources Transfers At 31
2024 expended December
2024
£ £ £ £
One off mission giving 1,048 - - 1,048

Explanatory notes to the funds

One of mission giving: This relates to specific funds raised on a one off basis for specific Missions or Missionaries or other Christian or community activities.

HAMILTON ROAD BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

15 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At
Fellowship fund
Building asset fund
General funds
Previous year:
At
Fellowship fund
Building asset fund
General funds		 1 January
2025
Incoming
resources
Resources
expended
£
£
£
4,859
6,759
(6,473)
1,201,258
-
(31,307)
53,284
466,959
(413,086)
1,259,401
473,718
(450,866)
1 January
2024
Incoming
resources
Resources
expended
£
£
£
8,645
4,836
(8,645)
1,232,566
-
(31,308)
88,017
387,603
(422,313)
1,329,228
392,439
(462,266)		 Transfers
At 31
December
2025
£
£
-
5,145
-
1,169,951
(10)
107,147
(10)
1,282,243
Transfers
At 31
December
2024
£
£
23
4,859
-
1,201,258
(23)
53,284
-
1,259,401		 Transfers
At 31
December
2025
£
£
-
5,145
-
1,169,951
(10)
107,147
(10)
1,282,243
Transfers
At 31
December
2024
£
£
23
4,859
-
1,201,258
(23)
53,284
-
1,259,401
1,259,401

Explanatory notes to the funds

Fellowship fund: This relates to funds used for Pastoral care of individuals including hardship, illness, unemployment etc.

Building asset fund: This relates to the church buildings and any future building projects that may be proposed.

16 Analysis of net assets between funds

Unrestricted
Restricted
funds
funds
2025
2025
£
£
At 31 December 2025:
Tangible assets
1,205,632
-
Current assets/(liabilities)
76,611
-
1,282,243
-		 Total
2025
£
1,205,632
76,611
1,282,243

HAMILTON ROAD BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

16 Analysis of net assets between funds (Continued)

Unrestricted
Restricted
funds
funds
2024
2024
£
£
At 31 December 2024:
Tangible assets
1,210,698
-
Current assets/(liabilities)
48,703
1,048
1,259,401
1,048		 Total
2024
£
1,210,698
49,751
1,260,449

17 Operating lease commitments

Lessee

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2025 2024
£ £
Within one year - 252

18 Related party transactions

There were no disclosable related party transactions during the year (2024 - none), other than trustees' remuneration as disclosed in note 7.