Maidstone Baptist Church ANNUAL REPORT AND FINANCIAL STATEMENTS Year ended 31st December 2024
Maidstone Baptist Church Index to the Financial Statements Year ended 31st December 2024 Page Legal and Administrative Information Trustees, Report Independent Examiner's Report Statement of Financlal Activities Schedules to Statement of Financial Aclivities 74 Balance Sheet Notes to the Financial Statsments 10-15 Comparison Graphs 16-17 Budget Comparison Report 18-19 Other Church Rolated Organisations 20
Maidstone Baptist Church Legal and Administratlve Informatlon Charlty Registratlon number The Church's charity regislrallon number is 1128948. Prlnclpal Addr•sg Maidslone Baptist Church, Knlghtrider Street, M8idstone. Kent, ME15 6LU. E8tabllshmènt Maidslone Bapllsl Chuleh is an independent self-governing Fellcwship of Believers in membership with the Baptist Union of Great 8ritain. which laller is a Registered Charity. Dèacons, Officers and other Trustees Apptilntmènt of trustees is governed by Ihè Trust Deed ol th& charity. The body ol Twste8s1s authorised lo apptslnt new Irustees lo fill vacancios as needed, although this will always be Subject lo approval by ballot al a Church Meeting, no later than the next following Annual General Meeting. The Senlor Minister ar)d elèclÉd Dèacons (maximum 121 together form the body of Tiust•6s lo 0M day-to-day managernenl of Church affairs is dewolved by Church Meeting. Annual eleclions for Deacon8 lrnaxlmum 121 usually occur in M8rch wllh successful candidatès taking up formal dulles In May (AGMI. A leirn of service is normally foT three yèars, but may be le88, such as for a mid-term election. After one term, a retiiing Deacon may sland again lor re-electi(x) for a second term, but must then stand down ft)r a minimum of twe8 rnonlhs (that is, the period bèÉwègn SUCGe8sivè AGMS). For ihe sake of conlinuity in the management ol Church affairs. a DeacoTrn also elected as a Church Officer is not required lo sland down. The local Trustees during the calendar year 2024 (including elections, rètirements and apry)inlmonts) were.. Senior Min18ter Rev'd Nigel Riley - D6acons and Church Officer8- Sheila Smith (Church S8cr6t8ry1 B8rbaia Vvilliams {Church TreasuF8rl Deaeens 8lon8'. How8rd Cooke luntil May 2024) Anne Swannell Gwwelh Tozer Keith Burgess.Clements Neil Sherry Nic Weller Rachel Flernons {from May 20241 Indepand8nt Examlner Lee Seal FCCA FAIA. Blain Pritchard Limitgd, Chartèred Certified Accounlanls, 74 College Road. Maidstone, Kent. ME15 6SL. Bankers Sanlander UK plc, Bridle Road, Boolle. mer$sIde. GIR OAA. CAF Bank, 25 Kings Hlll Avenue. West Malling, Kent. ME19 4JQ. Soll¢ltt*rs Gullands, 18 Mill Street, MaidslonB, Kent, ME15 6XT. Page 1
Maidstone Baptist Church Report of the Trustees for the year ended 31st De¢emb8r 2024 Other Rèports Separate reports by the Senlor Minister, Youth Pastor. Church Secretary and chUh Treasurer with fina cial slalements are appended, together with v8rious policies and listings. Legal and Administrative inform81ion which is sel out on page 1 forms part ol this rewrt. The financial slalements comply with current slalutory requir8men18, the Slalemenl of Recommended Practi- Accounting and Reporting by Charities, the Governing Docum8nl, Trust Deeds and with the Church Rules. which laller ar8 formulated within the PTovisions of the Trust Deeds and the Governing Document. Oblects of the Charity As sel down in thé Governing Dccument and the Trust Deeds held by Baptist Union al Didcol. Organlsation Whi18t legally the elected Trustees are empowered lo make binding decisions, the traditional position that the ultimate decision-maker is the meeting of Members together in Church Meeting in prayer under God is honoured Ihroughoul. Day lo day running of Church affairs 18 delegated to the elected D8acon3 (maximum 12. of whom 3 are designated also as OffIr8> who. I¢ether with the appointed Minister{sl of th8 day, form the Charity TTuslees. who meet as required, usually bi-monthly (every odd numbered monthl mor frequently if occasion demands. The Charity Trustees may delegate certain practical matters lo Workslreams, upon which Membors who are not Deacons may be co-opted to serve {VVorkslreams meat on every even number monthl. Ministry In normal limes, one or more Ministers would be on the Church payroll providing Pastoral and Theological Leadership for the membership and congregation as a whole. A new Senior Minister was appointed from September 2023. Kgy Personnel who arèlwere not Gharlty Truste89 Eldèrs who are appoinled. not elected, may also atlend meeting8 of the Charity Tru8tees by invitation, but wilhoul voting lights. Mod8rator- In the absence of a senior Minister during inl&rr&gnum, a Minister from another Church is appointed in a supervisory pastoral role. Youth Pastor - Alastair Middlemist has continued in this full-lime role throughout 2024. Minlster-In-Trainlng- No appointment during 2024. General Administrator - H818n Jones continued her part-lime role in 2024. Investmgnt Powers Money Set aside for specific purpDSeS (such as, but not exclusively, for Training, Pastoral Support, 8uilding WoTks and Organ Mainlenancel are invested in 8uilable interesl~bèaring accounts compatible with the standards expecte(l of Church life. Page 2
Maidstone Baptist Church Report of the Trustees for the year ended 31st December 2024 Rèlated Parties Non8. The Church enjoys voluntarily membership with Baptist Union of Gréat Brltain and South East Baptist Association and Churches Tog8lher in Maidslone. In 8ddition we support BMS World Mission, Baptist Home Mlssion Fund and other leading or specialist bodies whose aims align with those of this ChUh. As permitted, during 2024 services were held again in the church building every Sunday throughout the year. Sunday Worship normally occurs on a regular basis al 10.'30am and the Church wnlinues a programme of Sunday aftemoon and evening activities lo meel a range of the fellowship's needs. These 8ervices have continued e8Gh week on Z¢x)m and Facebook Y¢)uTube. In addition, ntjrturing of children through Sunday Club and on weekdays through luniformedl Youth Organisalions or other Church-based aclivilie8 form a long term ongoing feature of Church Life, Adult activilies are équally important and occur in varying formals both within Ihe Church premises. or elsewhere in Maidstone and sometimes further afield. These services and activities have continued each week Zoom and Facebook. In addition, some meetings for young people hav¢ also continued via Zoom. The Church conducts worship and leaching along Iradilional lines and carrying out through a wide r8nging programme for youth and adult activities weekly. These activities have continued and arè facililaled unabated thanks to the dedicated leadership by a whol& host of people. Aspirations to improve or extend the Church premises ¢onlinu6 under review, in order lo equip the Fellowship for active service in the Community commensurate with the standards artd expectations of the pr8senl day age. Ongoing maintenance works inside and oulsKle the buildings have continued on a regulaT basis. Some minor works on both Manses were carried out in the y8ar. During 2024, the Church continued direct financial support of Baptist Home Mission Fund and BMS World Mission. The Church budget guaranteed an amount tr) both these Missions. Church Membors and wider congregation donate lo these funds and any shortfall is made up from Church funds. In addition, many pewle donate lo a number of other charf(ies and organisalions through Church funds. all of whiGh the Church passes on in the year. Flnancial Revlow The deficit for the year 2024 totalled £14,134 compared with a deficit of £45921 in 2023 and surplus 01 £54,565 in 2022. Net funds decreased and now stands al £619,640. Overall income increased by 7.2% to £144.514 and total Costs da¢r&ased by 12.20A to £158,648 11 is the policy of the charity to maintain a minimum level of unreslricled funds, which are the available reserves of the charity. al a level which equates lo six months of unreslricled expenditure. It is fell that this would be sufficient lo continue the activities of the charity in the event of a stgnificant loss of income. Total reseryès as at the 3181 December 2024 are £619,640 (31st December 2023.. £633,774) which is mole than sufficient to adhere lo the Resetves Policy, as set out above. Page 3
Maidstone Baptist Church Report of the Trustees for the year ended 31 st December 2024 Adjustments to Govemlng Document and Church Rules During thè year meetings of Charity Trustees continued in-person. Public Benèflt The ¢harily acknowledges ils requirements lo demonstrate clearfy that il musl have charitable purposes or'aims, that are for the public benefit. Details of how the char¢ly has achieved thi8 aré provided in this Trustees Annual Report. The Trustees confirm that they have given due regard lo the Charily Commission guidance on public benefit before deciding what activities the charity should undertakè. Th6 Trustees have complied with the duly in section 4 of th8 Charities Act 2011 to have due regard lo guidan published by the Charity Commission. including public benefit guidance. Risk Management The Charity Trustees are rnindful of the responsibilities they ¢arry under currenl legislation, in particular the Companies Act 2006. Children Acts 1989 2nd 2004 and lalor amendments to any, and various forms of Health and Safely ragulalions, Disability legislation and Charities Acts, in so far as they may appty. Seeking lo ensure that the Fell¢)wship as a whole carrie8 on its Vast array of activities within the rules, the Charity Trustees lakes general or specialiged advice from outside Consullanls when appropriate, whose reports form the ba88s 01 action plans. Trustees, responslbllStles in relalion to the financlal statements The requirements imposed by Charity and Company18w in the provisiorb of ststemenls that giv8 a true and fair view of the slate of Church affairs for the financial year ended 31 sl December 2024 is aCknoedged by all Trustees. Independont Examiners A resolLJlion will be proposed at the Annual GeneTal Meeting on 22nd May 2025 that Mr Lae Seal ACCA FAIA. a director of Blain Prit¢hard Limited be re-appointed as Independent Examiner lo Th8 Church for the year 2025. Approved by Deacon8' Me&ling Irepresenling all Trusleesl held on 6th May 2025. Sheila Smith Church Secretary Note.. only Ihe original of this documenl Ca[e3 a manual signatur8. Page4
Independent Examiner's Report to the trustees of Maidstone Baptist Church This report on the accounts of the charity for the year endèd 31st December 2024, which atE set out on pages 6 10 15, is in respect of an examination carried out under s.145 01 the Charities Act 2011. Respectlve rgsponsibilities of trustees and examlner As the trustees of the Charity you are responsible for the preparation of the accounts., you consider that the audit requirements of section 144 of the Charities Act 20111 the 2011 A¢V'I do not apply and that an independent examination is needed. It is my responsibility to., examine the accounts (under section 145 of the 2011 Act)., to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section5 14515llbl of the 2011 Act)., and lo state whether particular matters have come lo my attention. Basls of independent examiner's report My examination was carried out in accordan with the Genera5 Directions given by tho Charity Commissioners under section 145151{bl of the 2011 Act. That examination includes a review of the accounting records kepl by the charity and a comparison ol the accounts wslh those records.11 also includes consi¢Jersng any unusual items or disclosures in the accounts and seeking explanations Irom you as Iruslees concerning any such mallers. The procedures undertaken do not provide all the evidence that would be required in an audit. and consequendy I do not express an audit opinion on the view given by the accounts. Independent examinerfs staternellt In connectK)n with my examination. no maller has come lo my attention.. which gives me reasonable cause lo believe that in any material respeGt the requirements to keep accounting records in accordance with section 130 01 the 2011 Act.. and lo prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act. have not been met.. or 12) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. L C Seal FCCA Blaln Prltchard Limited Charterod Certifled A¢¢ountants 74 College Road Maidstone Kent ME15 6SL 22nd May Page 5
Maidstone Baptist Church Statement of Financial ActivTrti6s Year ended 31st December 2024 2024 2023 Unrestricted Rgstricted funds funds Total funds Total funds In¢omlftg resources SGhedufe Volunlary income Activities for gonerating funds Investment income Incoming resources from charitable aclivitws Other incoming resources 130,977 11.165 142,142 127.333 1,770 1,770 1.367 90 512 90 512 195 5,957 Total incomlng rosources 133,349 11.165 144,514 134, 852 Resourcgs expended Costs of generating voluntary income Fundraising trading costs Investment management costs Charitable expendilure Governance costs Other resources expended 147,187 1,656 9,805 156,992 1,656 179,153 1,620 Total resources expended 148,843 9,805 158,648 180,773 Net In¢omlnglloutgolng) resources beforo transfers (15,4941 1,360 114,134) (45.921) Gross transfers between funds 909 {909) Net Incominglloutgoingl resources bgfore other recognlsed gainsl(lossesl 114.585) 451 {14,1341 145,921) Gains and losses on revalualion of fixed assets for the charity's own use Gains and losses on investment assets Net movemènt in fund8 114,5851 451 114.134) (45,92f) Total funds brought forard Total funds carrled forward 621,344 606,759 12,430 12,881 633,774 619,640 679,695 633. 774 Page 6
Maidstone Baptist Church Schedule to the Statement of Financial Actlvlties Year ended 31st December 2024 2024 2023 Unrestricted Restricted funds funds Total funds Total funds In¢omlng resourcos 1 Volumtsry income Freewill and loose offering Tax refunds - general funds General donations Fund Raising Legacies reiVed 81,955 16,497 32,275 2SO 81,955 16,497 43.440 250 72,335 12,968 31,337 10,693 11,165 130,977 11,165 142,142 127,333 2 Invostment income Bank and deposit interest 1,770 1.770 1,367 1,770 1,770 1,367 3 Incoming resources from ¢harltable activities Coffee momings Discipleship SPACE Concert5 and productions Slationery & Publicity tTO 30 30 60 90 60 90 25 195 4 Other Incoming resource8 Insurance claims - injury compensation Rent raceived Furlough grant Grant reiVed Miscellaneous income Pastoral fund Church weekend events 5,400 512 512 470 88 512 512 5.957 Page 7
Maidstone Baptist Church Sch8dule to the Statement of Financial Activities Year ended 31st December 2024 2024 2023 Unrestricted Restrlcted funds funds Total funds To181 funds Resources expended 5 Charitable ¢xp8ndlture Missions Church geneml expenses Ministers Minister Relocation YoLJth pastor Moderator Preaching fees Pastoral gifts Pastoral fund Church delegate expenses Repairs and renewals KSN, publicity & stationery Youth, Brigades & Sunday school Youth weekend events General wages Subscriptions Training Payroll Depreciation of freehold property Depreciation of plant & equipment (Proft'll I loss on disposal of fixed assets 4,328 4,056 4,328 39,080 42.327 4,891 47,199 29,280 3,120 35,600 1,321 719 251 35,024 42,327 39.106 39,106 105 26 257 11,971 2,273 985 105 26 257 1,971 2,273 2,407 37,572 2,638 2,286 1.421 10,238 3.539 10,238 3,539 90 773 9,443 3,394 300 76Q 773 473 473 379 147,187 9,805 156,993 179,153 6 Governance costs Independent examination fee 1,656 1,656 1.620 1,656 1,620 7 Other Tesource8 expended Rental expenses Page 8
Maidstone Baptist Church Balance Sheet As at 31st December 2024 2024 2023 Unrestrlcted Restrlcted funds funds Total funds Total funds Flxed assets Tangible assets 482,417 482.417 482.135 Totsl flxad ass8ts 482,417 482,417 482,135 Curront assets stocks Debtors (Short leiml inv8slm8nts Cash at bank and in hand 131.980 5,243 137,223 151,639 Total current assgts 131,980 5,243 137.223 151.639 CredStors.' amounts falllng duo wlthln one year Total assets less currenl Ilabllltles 614,397 5,243 619,640 633,774 Credltors.. amounts falling duè after one year Provisions for Ilabllltles and chargos Not assets 614,397 5,243 633, TT4 Fund$ of the eharlty Unrestricted funds Restricted funds Revaluation re$81118 608,761 606.761 12,879 621,345 12,429 12.879 Total funds 606.761 12,879 633. 774 Approved by Deacons, Meeting held on 2025 and signed on ils behalf by.. Sheila Smith Church Secretary Barbara Williams Church Treasurer Pag8 9
Maidstone Baptist Church Notes to the Accounts Year ended 31st December 2024 Note 1 Basis of prapAraOn Ba8h of actountlng Th88e accounts have been wepared on the basis ol hsstorK cost and in accorda with.. - Accounting and R8POrting by Charities- Statamant of Recotnrnended PractÉC8 ISORP FRS 1021., - and with Ihe Charities Act 2011. Change In b9818 of accounting The Church elected tQ Ghange its basi8 of accountlng from the accruals basis to a tssh basis in 2016. 2017 was the lit8t t8POrting ygarwhere the financial statements show a tr r8pr8s6ntation of the Church's tEsult5. Changès to pr8vIou8 accounts No Changes have LE?n made to accounts for prèvious years. Not• 2 Accountlng pollc188 INCOMING RESOURCES Reco9nltlon of inmIng rèsoure•s These are included in the Statem8nl of FtnanciaS Activilios ISOFAI whe t1 ie5ources are paid into thè Church's bank a(xounts. Incomlng re8ourc•s wlth relatsd WhÈr8 inMIng resouiees have fftlated 8xpenditure las Trmth fundraising or •xpenditure contr8cl income) th8 incunino resou1$ and related expendiluie are reported gross in th8 SOFA, GrantB and donations Grants and don8.OnS ars onty In¢luded in th& SOFA when th8 charity has unconditional en*"tMent to thè re50urTrs. Tax re¢lalm$ on donatlons and Incorning resources from tax reclamns a Included th8 SOFA when the 91fts resources ale received into the Church's bank accoutEt. Gfft8 In klnd Gifts in kind arè gccounted for 81 a r8as¢%iable estimate of their valu8 lo th8 tharity or the amount aGtually reali89d. Gilt5 in kind forsale or distribution are included in the accounts as gifts only en 501d oi distrlbuted by th8 charity. Gifts in kind loi u8e by Ihe charily are iocludad En the SOFA as in¢oming resources when r8ceivable. Page 10
Maidstone Baptist Church Notes to the Accounts Year ended 31st De¢ember 2024 Donated 88r¥Èc•8 and facllltles Thèse are Dnty induded in incoming res0rIS Iwith an equwalent amount in iesources expendedl wh8re th8 bene14tto the ¢harity 18 reasonabty quantifiable, mga5urable and m818rial. Voluntggr hèlp The v8tue of any voluntger help received is not Included in the accounts. Investmant Income This is illGlud8d in the accounts when ceIvable. EXPENDITURE AND UABILITIES Liabillty recognition Liabiliti88 are recogni5ed as soon 88 there is a legal or constructive obligation Cotnrnilliffj the chaiity to pay tsut $Our$, Gov8mance Gotsts IrKlude costs of the P paration and 8xaminalion ol statutory accounts, Eh8 ¢osts Df truslee meetings and the cost ol any18gal advi on governan¢e or constitutnal mattÈr8. Grants payable wilhout performance condltlOn8 These are only recognis8d in the accounts %then 8 cornmilrnent has been made atK there are no condttKJns to be met relating to th8 grantwhiGh r6main in th8 control of the charity. ASSETS Tanglbla flxed assets for u$• by Thp Church has not capi181iséd th$ value oltha Church premises. Othèr the charity propert&es have been capitali88d and deprtaated on a straight line basis over their e$limated useful life of SO years. Other assets, where the cost of an individual item exc8ed8 £100 hav6 b66n capilalised ar d8precialed on a reducing ba18nce basis l?S%l. All smaller it8m5 have been expended through the SOFA as incurr8d. R•vluatlon of Land & Buildings The properties owned by the Churth wete rèvalued on 4th April 2013 by Sibley Pares Charted su9Y0r$. The revalued amounts are irKorporated in those a¢count$. ProrEriy 18 m8intsined in a State of repatr suth that its e$limated SIdUa value at lh& balanc8 sh8etdate is not less Ihan its nel book valu&. It18 the opinion of the TruslÉès that arty depreciation would nol, th8r8for6, be mat¢rlal. JUDGEMENTS AND ASSUMPTIONS Kay Judg•ments, e8tlmatO8 and Due ¢0 the size of the charity, are no 8*gnificant esumgtes orjLKlgem8nt8 as$umptloM8 usad in preparing th8 accounts. Note 3 APB Ethlcal St&ndard . PmvlBlons availab for small entitieB In common wlh many othar organ15atsnS of our Size and Thaiure we u59 our ind8pendent 8xamin¢rs to 8SS151 with the preparatk)n of our finan81 statefflents. Page11
Maidstone Baptist Church Notes to the Account8 Year ended 31st December 2024 Nots 4 Details of Cortaln Items ol èxpendituro 2024 2023 Tru$tso èxpen6e8 During th6 year the following expenses have b88n r8imbursed to Iru$t885 in iespect of travelling ¢081s and other expens88 incurred on behall of the charity. Numberol trustees who were paid èxp8ns88 Total amounts pald F805 for examlnatloTr of th8 accounts Independent 8xamin&¢s romuneration Olherfa8$ laccountsncy. paytoll and Gonsullancyl q,656 1,620 othor related party transactions None, Not8 6 P4id omploy¢¢8 Staff ¢o8ts Gross salaries and Naoonal InsuiaTr 74,688 51.2T9 1,327 4.946 Moderator ¢051s Pen$K)n costs 7.793 82,381 57,546 Average number of full tlme employ888 In th8 yr Charilabla a¢Uviti&s Support staff Dom@stic duti8 Deflnod contfibution p&n81on schema Th8 Costs of Ihe scheme to th8 thaElty lor the year The amount ol any conlributions oulstanding at the year end The 8rnount of any contr*Jutions prapald at the y88r 8nd 7,793 4,946 staff bandln9 The numb81 of employees who ware paid the following remun8rslion band5 £0- £10.000 £10.001- £20,000 £20.001- £30,000 Page 12
Maidstone Baptist Church Notes to the Accounts Year ended 31st December 2024 Nots 6 Tanglblo flxed assels C05tor valuatlon Fteehold ro Plani & mant Total Balgnce brought fowar Revaluab'ort5 550,000 6,331 558,331 Additions Dispo8al$ 8alan¢• carrled forward 756 12341 0.853 766 12341 566,8S3 s50,0 Accumulated depreciation and impaimient provlslons BalarA brought IDtward otheradjustments Irevalualionsl Depreciation chaFge for the year Di5P05als Balance carried forward 69,000 5,195 74,195 473 12341 6,434 473 12341 74,434 69,000 Net book valu Brought loward Carrlod foThvafd 481,0 481.000 1.136 1,419 482,138 482,419 The Iwo propeities owned by the Church wer8 revaSued on 4th April 2013 by Sib18y Pares Chartered rwor5 on the basis of open market value. The hi$iorical cost of th8 Ir88hold laNI and buildi5 Included at a valuation of £550,QOO was £378,520. Not8 7 Doblor6 and prepaymtrnts 2024 2023 Analysis of dobtors lall amounts falllng du8 within one yegrl (Xhgr dèbtors Prepayments and accrued incoYrTre Note 8 ¢redltor8 and acGwal$ 2024 2023 Analy¥ls of crèdltors (all amoun¢8 falllng due wllhln one y•arl Loans and overdrafts Other creditors Accruals and d8f8Tf8d Income Page13
Maidstone Baptist Church Notes to the Accounts Year ended 318t December 2024 Ntst• 9 Restrlcted and unr•8trfcted fund5 Funds hgld Fund namb Buildings fund o of fund Restricted in¢om fund Restricled in¢ome rund Pur ose and re8trittlon8 The purp08e of th8 fund is to raisè tapital for rnaioi r8 airs and n0VationS of church prembes, The purpose of Ih8se'Di5cretiDnary Missions. is to fai88 furyjs to assist thg charilies in questson finanally. All incomo ralsed for the benefit of these charilies Is paid over lo tha charities, thu8 leaving zero balanc8 (w Ihese restricted lutx15 carried forward. V8ll(NJs di5Gfetknnary missions Mi8s J Darge thurGh an fund Miss J Darye pastoral eare fund Bamay fund R8strictBd Income fund Restricted income fund Unrestti¢l&d d88ignated fund The purpose ol the fund is to set asKle capital for the mHint&nanc8 and care ol Church o an. The purpose of the fund 15 to set aside e8Pital for toral care wilhln the lo¢al fellowshi The fund originat8d from a 9ift from th8 estate cl Mr Barney tnore then 20 year8 ago. The purpos8 ofthe fund to piovide 5UPPOrt lor Church membets in n88d. Mov8Ments of major funds Fund balances brought foward Fund balances earrled forward Incomlag Outgoing resource5 resour$ Transfers Reslrlcted fund8 Buildings fund 7,636 8,086 VaibOU5 discretionary missions 10.715 19,8051 19091 Chuich organ fund 327 327 Pastoral care fund 4,466 4.466 Community Ca grartt Tot*1 ro$trl¢ted funds 12,429 11.185 9,805 909 12,879 Unro$trl¢tsd d881gnated funds Barn8y fund 40,755 916 19821 40,689 Total do$lgnatsd fund8 40.755 916 19821 40,689 Unrèstrlcted gen6ral funds 580,589 132,433 1147,8611 909 666,07 Total unre$lricted funds 621,344 133,349 148,843 909 606,760 Revaluation reserv• Total fundo 633,773 144.S14 15B,64B 619.639 Page 14
Maidstone Baptist Church Note8 to the A¢¢ounts Year ended 31 st December 2024 Tr&nsftrrs ba•en fund$ Monie8 ar8 transfèrred betspan funds as needed whilst meeting the oblig8tion on the Treasurer lo act th duÈ diligènce. In the unusual event that the TaSurer se88 a need to mov8 moThi88 around in larye amounts, orto se¢ure a soluiion to a non-standaid prtsbkm, the Wshe would refer to Deacons, who In lurn may even rofer to a Church Meeting for s mandate. Nots 10 Grantmaklng Grants madtr lo In8tltutions Total mount 2,000 Name8 of in$titullon¥ HMS HMF Tear Fund OMF KentAirAmbulance Various other mlsslons and charitS Pur 056 To assi81 thè chaft To assist the charil financihll To assist the ¢haril financiall To assist the charil financial To assist Ihe charit financial To a8SlSt the charitie8 linanciall 260 4,328 Pag815
Maidstone Baptist Church SIX Year Income and Expendlture Summary Year ended 31st December 2024 200,000 180,000 160,000 140,000 120,0(X) 100,oIN) 60,000 60,000 40,000 20.000 2019 2020 2021 2022 2023 2024 Year Six Yoar Income Summary Year ended 31st December 2024 2,000 180,000 160.000 140,000 120,0(X) 100,0(M) 80.0) 60,000 40,000 J•st 20,0 2019 2020 2021 2022 2023 2024 Yèar Page 16
Maidstone Baptist Church Mission Income Summaries Year ended 318t December 2024 2.5CQ 2,000 1.500 WAS 1,C¢OO 500 2019 2020 2021 2022 2023 2024 Year Others Kent Air Ambulance 0% a Tear D8knF 440 49 Page 17
Maidstone Baptist Church Budget Comparison Report Year ended 31st December 2024 2023 Actual 2024 2024 Actual 2025 Incomè FWO and10058 offerings Tax refunds- general funds Mission fund- HMF & BMS Mission fund- Other Building fund Church usage Addttional incom8 General donations Legacies received Make Lunch Youth Pastoral fltnd Misc8llaneous income Interest recewed Manse Rent Fund Raising Maintenance Discipleship 72,335 12,968 2,643 916 450 21.197 118 78,000 15,000 4,000 81.955 16,497 3,839 260 450 22,254 10,000 82,500 17,000 4.000 300 20,000 5,1)00 300 23.000 5,000 3.715 2,410 4,001 1,782 470 1,367 5,400 10,693 593 1.770 1,300 1,800 250 863 170 Total Incomo 134,852 123,600 144,614 133,61X> Freewill & loose offering Average per week 72,335 1,391 78,000 1,SOO 81.955 1,576 82,5DO 1,587 Expenditur8 Ministry Minister Minister {Pens deficill Minster relocation Youth pastor IAanse costs Moderator Proaching fees Pastoral fund Church éelegale expense8 Training 9,954 12 3,120 29,863 25.050 1,321 719 251 35,171 12 34,046 10 35.668 34,121 16,248 33,218 14,159 35,308 14,580 300 400 300 450 131 300 400 90 300 70.591 86,652 81,653 86,606 Géneral New equipment, repairs & renewals Church general expenses KSN, publicity & slationery Youth, Brigades & general Miscellangous 37,572 41.366 2,638 2,288 540 14.TlO 37,912 2,500 2.000 11,971 34,051 2,273 2,407 1.113 15,780 36,856 2,500 2,000 Page 18
Maidstone Baptist Church Budget Comparison Report Year ended 31st December 2024 2023 Actual 2024 2024 Actual 2025 Gen8ral wago8 Deprecialion Profitlloss od disposal of assets Independent 8xaminer fee Payroll 9,443 379 10,238 284 10,238 473 10.729 355 1.865 515 1,865 635 1.656 773 1,656 844 96,604 70,204 64,955 70.720 Misslon & Evangell$m Evangelism Discipleship Subscriptions Make Lunch Missions other 4,000 192 3.394 5,101 891 4,000 500 3,300 4,068 117 3,539 4,056 260 4,000 500 3,SOO 7.800 12,040 8,000 Total •xpènditure 180,773 164,656 158.648 165.326 Surplus l (dgficltl for the yaar {45,921 41,0561 14,134 131,726 Page 19
Maidstone Baptist Church Other Church Related Organisations Year ended 31st December 2024 Cash held 01101124 Cash held Income Expenditure 31112124 anisalion Keymen Brigacles Joint Account Little Fishes Youth Club Cameo 543.55 5,721.09 227.16 54,00 105.00 543.55 5,772.01 542.10 36.00 7,341.59 916.06 156.00 7.290.67 601.12 174.00 105.00 Page 20