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2021-12-31-accounts

September 2021

Church Report

2 Corinthians 3:12-18

Since we have such a hope, we are very bold, not like Moses, who would put a veil over his face so that the Israelites might not gaze at the outcome of what was being brought to an end. But their minds were hardened. For, to this day, when they read the old covenant, that same veil remains unlifted, because only through Christ is it taken away. Yes, to this day whenever Moses is read a veil lies over their hearts. But when one turns to the Lord, the veil is removed. Now the Lord is the Spirit, and where the Spirit of the Lord is, there is freedom. And we all, with unveiled face, beholding the glory of the Lord, are being transformed into the same image from one degree of glory to another. For this comes from the Lord who is the Spirit.

It has still been a very odd year to say the least. I’m sure it doesn’t come as a surprise that we write a church report that includes difficulties and delights. The beginning of 2021 was difficult and we all would have had a sense of dread at times because of the uncertainty that was facing everyone. The lockdown continued and deaths rates grew and yet we were blessed that we missed the worst of it all. However there was still worry and concern over loved ones in and out of the church family. We did continue to pull together to worship in whatever form it took and we pulled together even more to make as much of our opportunities as we could.

As the months rolled on there wasn’t always a sense of delight in the circumstances but we never let go, or relinquished our hope in a God who has seen us safe this far and would do so again. And so we saw the slow and sometimes frustrating opening up of lockdown. The chance to see each other face to face and eventually some form of Sunday worship that lifted our spirits albeit with face coverings. Those changes and relaxing of restrictions have continued and it is a real encouragement that both old and new faces can now be seen without multicoloured masks on. Slowly and surely we grapple with what might have seemed so automatic 18 months ago but now is a little odd.

The church has been a blessing over the months of difficulties and shown it’s faith is strong, if a little dented at times, as we step up to offer ourselves physically, financially and spiritually to glorify God in who and what we do. We have seen ourselves give when it’s been hard to those less fortunate and been a blessing to each other as we share this changing life of faith together.

There are still hurdles to overcome as we grapple with changes to, and in us, as a church and as we must come to terms with WSCC’s likely removal of Children and Family Services from The Wave. But if the last uncertain months have taught us anything it is more than ever that our Heavenly Father can, will and does continue in His promise to always be with us And we know that in all things God works for the good of those who love him, who have been called according to his purpose. For those God foreknew he also predestined to be conformed to the image of his Son, Romans 8:28-29a

Page 1 of 2

You may wish to read the whole of Romans 8 but these quoted above do not deviate from those verses in 2 Corinthians above. We have the veil removed from our sight so that we can see Christ more clearly and we have God’s Spirit with us to aid us in all we do for Him. So I hope that in the coming year we all might work with God as He makes us and His Church in Broadwater “the best it can be”.

God Bless

Jason

Page 2 of 2

BROADWATER BAPTIST CHURCH FINANCIAL STATEMENT 2021

GENERAL INCOME AND EXPENDITURE ACCOUNT
Year to
DECEMBER
2021
2021
INCOME
Note
£
£
Regular Offerings
1
51,809
Rents and contributions for use of premises
14,008
Donations, legacies, interest and other income
2
3,414
HMRC Furloughed Staff Refund
7,177
Events (Fellowship, etc.)
4
0
Other Invoices
3
301
Service Charges to WSCC
3
16,320
Total Church Income
93,029
Raised for other causes
One Mission, Latvia, etc.
16
3,539
Total Income
96,567
Expenditure
Note
2021
2021
Ministry - minister, pensions, mentoring, pastoral
5
32,731
Worship Support - PA / IT, resources, training, etc.
6
1,134
Children & Young People - resources, training, safeguarding, etc.
7
472
Mission & Evangelism from Church Funds
8
2,417
Premises - fuel, insurance, maintenance, equipment, fabric
9a
27,903
Manse fuel, insurance, maintenance, equipment, fabric
9b
6,904
Office charges, licences, etc.
10
3,938
Pension Deficit Payments
4,189
Recharged Items
3
Events
4
0
Wave Café
Purchases, Salaries, Other costs
11
42,723
less Sales Income
11
(28,791)
Net Costs
13,932
_
furlough payments may be deducted from this cost, see note 11a_
Total Church Expenditure
93,621
Paid over to other causes (One Mission, Latvia, etc.)
17
2,857
Total Expenditure
96,478
Net Total to Date
90
Balance brought forward, 2020
69,290
Balance carried forward
69,379
Deduct
Restricted and Designated Funds
15
(7,065)
General Fund - Available
62,314
STATEMENT OF ASSETS AND LIABILITIES
Note
2021
ASSETS:
Bank and other cash transactions
12
70,056
Other Monetary Assets
e.g. Debtors
13
3,997
74,053
LESS LIABILITIES
Current sundry creditors
14
4,674
NET ASSETS
69,379.30
Non Monetary Assets:
Held for churches own use
16
4,979,026
4,979,026
2020
2020
£
£
45,878
7,946
20,508
11,177
39
195
18,815
104,558
3,782
108,340
2020
2020
31,202
16,044
184
2,274
36,234
4,297
3,770
3,088
39
38,935
(21,903)
17,032
114,164
3,617
117,781
(9,440)
78,729
69,289
net
(7,444)
61,845
2020
71,914
4,316
76,230
6,940
69,290
4,657,406
4,657,406
2019
2019
£
£
51,947
15,521
16,450
0
569
426
30,198
115,111
10,433
125,544
2019
2019
32,023
290
1,625
2,808
43,470
4,472
5,242
4,028
1,494
725
60,673
(59,952)
721
96,898
8,345
105,243
20,301
58,428
78,729
net
(18,186)
60,543
2019
2019
£
£
51,947
15,521
16,450
0
569
426
30,198
115,111
10,433
125,544
2019
2019
32,023
290
1,625
2,808
43,470
4,472
5,242
4,028
1,494
725
60,673
(59,952)
721
96,898
8,345
105,243
20,301
58,428
78,729
net
(18,186)
60,543
60,543

PAGE 1

BBC Accounts to December 2021 - for Diaconate and AGM.

BROADWATER BAPTIST CHURCH Notes to the Accounts:

1. Offerings
Current Year £
Gift Aided Offerings
incl small donations scheme
36,603
Gift Aid Tax total recovered or recoverable
9,067
Weekly Offerings - other
6,139
51,809
2. Donations and other income:
Current Year £
Donations and Other Income
3,233
Legacy
0
Bank and Deposit Interest
180
PA / IT Fund Donations
3,414
3. Rechargeable Items
Current Year £
Current Year £
Income
Expenditure
Wave Service Charges
16,320
0
Copying and Other Charge Outs
301
16,621
0
4. Events
Current Year £
Current Year £
Income
Expenditure
Fellowship Events
Breakfasts, Skittles, Bowling, Etc
0
0
5. Ministry:
Current Year £
Minister's Stipend
26,922
Pension Contribution
3,426
National Insurance
0
Ministerial Support
Minister's Travel
126
Pastoral / Training / Discipleship / etc.
2,257
32,731
6. Support to Worship:
Current Year £
Resources, courses, training, conferences
238
Media and Musical EquipmPA Equipment
896
1,134
7. Children & Youth
Current Year £
Powerbase, children's work, training, safeguarding
472
472
8. Mission & Evangelism
Current Year £
Various
2,417
2,417
9. Premises and Equipment:
Current Year £
9(a) Church & Halls
Lighting, Heating and Water
14,190
Cleaning and Consumables
5,638
Insurance
3,616
Repairs, Maintenance, General Fabric, Security, Alarms
4,459
27,903
9(b) Manse
Current Year £
Lighting, Heating, Water, Council Tax
3,834
Insurance
466
Repairs and Maintenance
2,604
6,904
Previous Year £
Previous Year £
34,435
8,286
3,157
45,878
Previous Year £
6,110
8,041
312
6,045
20,508
Previous Year £
Previous Year £
Income
Expenditure
18,815
196
19,011
0
Previous Year £
Previous Year £
Income
Expenditure
39
39
39
39
Previous Year £
26,922
3,439
299
190
299
53
31,202
Previous Year £
0
16,044
16,044
Previous Year £
184
184
Previous Year £
2,274
2,274
Previous Year £
10,793
10,979
3,632
10,830
36,234
Previous Year £
3,715
455
127
4,297

PAGE 2

BBC Accounts to December 2021 - for Diaconate and AGM.

BROADWATER BAPTIST CHURCH Notes to the Accounts:

10. Office Charges:

10. Office Charges:
Current Year £
Administration & Miscellaneous
182
Bank Charges
Not charged since March 20
0
Communications (computing, phones, postage)
1,352
Licences & Subscriptions
1,381
Photocopier & Paper
878
Stationery, website, advertising, printing, etc.
145
3,938
11. Café
Current Year £
Current Year £
INCOME
EXPENDITURE
Sales
Cash Sales
11,596
Card Sales (net)
16,832
Function Sales
362
28,791
Cost of Sales
14,908
Employment Costs
furlough refund to deduct,
26,965
Equipment and other costs
850
42,723
11a. Café - - - - - Furlough Repayment Adjustment
(7,177)
28,791
35,547
Net Café 'deficit'
6,755
12. Bank and Other Cash Balances:
Current Year £
NatWest Bank - Business Reserve & Current A/c's
15,383
Baptist Union Corporation
Savings account
34,533
Baptist Union Corporation
One year bonds
20,000
Cash in Hand (Café)
140
70,056
13. Current Assets:
Current Year £
Café Stock
1,121
Debtors - Church (gift aid tax relief claimed)
2,876
Prepayments
3,997
14. Current Liabilities
Current Year £
Sundry Creditors and Accruals Srvice chgs in advance
0
Church - income tax, etc. Service charges
4,674
4,674
15. Restricted and Designated Funds - Balances
Restricted Funds
Latvia - Fun Fund, etc.
689
Latvia - 2019 collections
2,155
One Mission, etc
(7)
PA / IT Fund - coll'ns balance
0
Restricted Total
2,837
Designated Funds
PA / IT Fund - balance (legacy)
4,228
Designated Total
4,228
7,065
16. Non-Monetary Assets: Held for Church's Own Use
Current Year £
The church is the beneficial owner (subject to the relevent trusts)
of the following assets, the legal title to which is held by
the church's custodian trustee - The Baptist Union Corporation Ltd.
(shown at insured values)
Church premises at Dominion Road, Worthing
4,507,127
Church Manse at 26 Garrick Road,
update requested
291,826
Church premises Contents, Fixtures & Fittings
180,073
4,979,026
Previous Year £
389
186
1,027
1,260
844
64
3,770
Income
Previous Year
Expenditure
Previous Year
14,328
6,866
709
21,903
11,578
25,891
1,466
38,935
(11,177)
21,903
27,758
5,855
Previous Year £
20,361
41,453
10,000
100
71,914
Previous Year £
975
3,341
4,316
Previous Year £
6,940
6,940
2,155
165
624
2,944
4,500
7,444
Previous Year £
4,214,101
284,710
158,595
4,657,406
17. Collected for Other Causes:
One Mission
BMS Birthday Scheme
Turning Tides
Childrens Society
Bible Society
BMS World Mission
Hope for Children, Latvia
General Fund
Hope for Children, Latvia
Fun fund
Current Year £
Current Year £
Raised
Paid over
1,088
1,095
436
436
140
140
178
178
207
207
100
100
494
895
700
3,539
2,857
Previous Year £
Previous Year £
Raised
Paid over
1,414
1,414
353
353
50
50
1,965
1,800
3,782
3,617

BBC Accounts to December 2021 - for Diaconate and AGM.

PAGE 3

JOIIY TrqIISSTr=LL 4 Thi1￿7 R¢)*J VORTIIING Vell Su&sc BNII 2HH IO1W31526￿l EnLiil.F.mvssdI2furtlii￿ll¢lcorn 03 November 2022 To lthom It May Concem Broadwater Ba tist Church Accounts Year Ended 31 December 20 Following a request from the Treasurer & Dea(x)ns of Broa(hvater Baptist Church to make an examination of the accounts for the year ended 31 December 2021. this I have completed ar￿ reFQrt my findings. hilst a full audtl has not been undertaken, from the examinatTon of the records, papers and other informalion supplsed, I find everything to be in order and l am happy to enth)rse the published account inf0miat1￿. Queries that arose from the examination have been refe￿ed to the Treasurer and have been answered ￿ dealt with to my satisfackion.. The acc(xJnts and financtal affairs are maintaned to a full and high standard. Yours faithful J H Mussell ACIB