Broadwater Baptist Church
Report for 2022
Introduction
I invite you to look at the summary page of the accounts which will be distributed at the AGM, and ask me for a copy of the notes pages online, or paper, if you wish.
As usual, all figures are shown as if we had closed down the church at the end of the year, that is, creditors and debtors accounted for, including gift aid tax refunds.
No real comparisons with previous years could be made, although I’ve shown a few on this report, and all the 2021 totals are shown on the printed accounts for information.
At the time of writing the accounts are subject to annual examination.
Church Income
For the year your offerings totalled £52,162 which was just £353 more than 2021.
At least in 2022 we were able to meet for services every week.
Lettings for the year totalled £17,511 - an increase of £3,503 over 2021 and approaching the highest ever, and that with some limits on room availability as we waited for WSCC to finally close down . Again, no children’s parties were being booked. We thank Paul Stender for all the excellent work in looking after the bookings and details.
Other Income - donations and interest, and totalled £2,578 about £800 lower than the previous year.
Service Charges were paid by WSCC as contributions towards room charges as we were restricted from using certain rooms during the period approaching the agreement end date (25[th] January 2023). This raised around £19,000. – We will not get this income again!
Church Income summary:
All the above totalled £99,406 (£93,029 in 2021, (£104,558 in 2020, £115,113 in 2019).
Expenditure
Our premises (church and manse) costs for 2022 totalled £48,178 - the main increase being the cleaning, where the contract was re-started after more than a year, following covid and centre closure.
Other running costs were similar to the previous year except that there were costs on the new PA/IT system – and we had monies available for that designated from previous years.
Mission - we again sent £1,000 each to Baptist home and World missions from our funds to top-up your donations. The remainder went to pastoral, hospitality, etc.
There were a number of events in 2022, notably camp, where the income exceeded the costs by £328.
The Baptist Pensions Deficit charges were reduced from August to £1 per month, from £354 per month, and they will hopefully remain at that nominal level!
Café – The first year of full opening since 2019 made excellent sales of £55,815, (highest ever was £59,912 in 2019). Food, salaries and other costs totalled £61,009, so net cost to church was £5,195.
Total church costs were £93,621, less than the past few years.
Your giving to other causes
Summary:
-
Baptist Missions (previously called One Mission by us) : SEBA home mission, BMS* world mission, BMS birthday Scheme - £2,136 in total.
-
Hope for Children, Latvia: fun fund, etc. - £2,872
-
Christmas collections: Bible Society: £238; Children’s Society: £204; Turning Tides: £515 which included donations for jigsaws etc.
Note:
There are still a few (Baptist) Mission boxes in circulation, and these are still welcome until the end of April as the local bank closes mid-May, and although we thank you for the contributions they raised just around £75 for the year. I shall be making alternatively suggestions about mission contributions shortly.
Summary
At the close of the year the accumulated fund - unrestricted and undesignated - totalled £59,338 (£62,314 in 2021). Reasonable, but not sufficient for any large expenditure projects. Also, we see no way, at this point, of projecting what changes in letting income, or regular costs will be in 2023.
My thanks go to Richard and Maureen Marshall for their hard work on the payroll and pensions.
Thank you for all your contributions to God’s work in this place. Regular costs are always increasing and I invite to you remember to regularly review your offering.
Although we no longer have an ‘offertory prayer’ as such, please pray the following prayer when you check your bank statement for standing orders, or when your cash or cheque is placed in the basket at church.
Gracious God, accept this gift, and with it our lives, to be used in your service; through Jesus Christ our Lord. Amen
Ted Jackson Treasurer February 2022
Page 2
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- SEBA South Eastern Baptist Association
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- ** BMS Baptist World Mission
| BROADWATER BAPTIST CHURCH | BROADWATER BAPTIST CHURCH | FINANCIAL STATEMENT FOR THE YEAR 2022 | FINANCIAL STATEMENT FOR THE YEAR 2022 | FINANCIAL STATEMENT FOR THE YEAR 2022 | FINANCIAL STATEMENT FOR THE YEAR 2022 | |||
|---|---|---|---|---|---|---|---|---|
| GENERAL INCOME AND EXPENDITURE ACCOUNT | ||||||||
| 2022 | 2022 | 2021 | 2021 | |||||
| INCOME | Note | £ | £ | £ | £ | |||
| Regular Offerings | 1 | 52,162 | 51,809 | |||||
| Rents and contributions for use ofpremises | 17,511 | 14,008 | ||||||
| Donations,legacies,interest and other income | 2 | 2,578 | 3,414 | |||||
| HMRC Furloughed Staff Refund | 0 | 7,176 | ||||||
| Events(Camp,Fellowship,etc.) | 4 | 2,410 | 0 | |||||
| Other Invoices | 3 | 1,482 | 301 | |||||
| Service Charges to WSCC | 3 | 23,262 | 16,320 | |||||
| Total Church Income | 99,406 | 93,028 | ||||||
| Raised for other causes | One Mission,etc. | 16 | 5,999 | 3,539 | ||||
| Total Income | 105,405 | 96,567 | ||||||
| Expenditure | 2022 | 2022 | 2021 | 2021 | ||||
| Note | £ | £ | £ | £ | ||||
| Ministry- minister, pensions,mentoring, pulpit supply, pastoral | 5 | 32,645 | 32,731 | |||||
| WorshipSupport - PA / IT,resources,training,etc. | 6 | 3,508 | 1,134 | |||||
| Children & YoungPeople - resources,training,safeguarding,etc. | 7 | 107 | 472 | |||||
| Mission & Evangelism(incl Latvia) | 8 | 2,452 | 2,417 | |||||
| Premises fuel,insurance,maintenance,equipment,fabric | 9a | 39,154 | 27,903 | |||||
| Manse fuel,insurance,maintenance,equipment,fabric | 9b | 6,024 | 6,904 | |||||
| Office charges,licences,etc. | 10 | 4,474 | 3,938 | |||||
| Pension Deficit Payments | 2,485 | 4,189 | ||||||
| WSCC Rechargeable items | towards closure | 3 | 4,019 | 0 | ||||
| Other Rechargeable Items | Insurance claim work | 3 | 1,350 | 0 | ||||
| Events | 4 | 2,125 | 0 | |||||
| Wave Café | Purchases,Salaries,Other costs | 11 | 61,009 | 42,723 | ||||
| less Sales Income | 11 | (55,815) | (28,791) | |||||
| Net Costs | 5,195 | 13,932 | ||||||
| Total Church Expenditure | 103,537 | 93,620 | ||||||
| Paid over to other causes(One Mission,Latvia,etc.) | 17 | 5,537 | 2,858 | |||||
| Total Expenditure | 109,074 | 96,478 | ||||||
| Net Total to Date | (3,669) | 89 | ||||||
| Balance brought forward, 2021 | 69,379 | 69,290 | ||||||
| Balance carried forward | 65,710 | 69,379 | ||||||
| Deduct Restricted and Designated Funds | 15 | (6,372) | (7,065) | |||||
| General Fund - Available | 59,338 | 62,314 | ||||||
| STATEMENT OF ASSETS AND LIABILITIES | ||||||||
| 2022 | 2021 | |||||||
| ASSETS: | Note | £ | £ | |||||
| Bank and other cash transactions | 12 | 66,556 | 70,056 | |||||
| Other MonetaryAssets | e.g. Debtors | 13 | 5,914 | 3,997 | ||||
| 72,470 | 74,053 | |||||||
| LESS LIABILITIES | ||||||||
| Current sundrycreditors | 14 | 6,759 | 4,674 | |||||
| NET ASSETS | 65,710 | 69,379 | ||||||
| Non MonetaryAssets: | ||||||||
| Held for churches own use | 16 | 5,615,475 | 4,979,026 | |||||
| 5,615,475 | 4,979,026 |
| BROADWATER BAPTIST CHURCH | BROADWATER BAPTIST CHURCH | Notes to the Accounts: | Notes to the Accounts: | |||||
|---|---|---|---|---|---|---|---|---|
| 1. Offerings | Current Year £ | Previous Year £ | ||||||
| Gift Aided Offerings | incl small donations scheme | 37,818 | 36,604 | |||||
| Gift Aid Tax total recovered or recoverable | 9,485 | 9,067 | ||||||
| WeeklyOfferings - other | 4,859 | 6,138 | ||||||
| 52,162 | 51,809 | |||||||
| 2. Donations and other income: | Current Year £ | Previous Year £ | ||||||
| Donations and Other Income | 693 | 3,234 | ||||||
| Legacy (balance) | 1,264 | 0 | ||||||
| Bank and Deposit Interest | 621 | 180 | ||||||
| 2,578 | 3,414 | |||||||
| 3. Rechargeable Items | £ | Current Year £ | Previous Year £ | £ | ||||
| Income | Expenditure | Income | Expenditure | |||||
| Wave Service Charges | 23,262 | 4,019 | 16,320 | |||||
| Copyingand Other Charge Outs | 133 | 301 | ||||||
| Insurance Claim(Impact) | 1,350 | 1,350 | ||||||
| 24,612 | 5,369 | 16,621 | 0 | |||||
| 4. Events | £ | Current Year £ | Previous Year £ | £ | ||||
| Income | Expenditure | Income | Expenditure | |||||
| Camp | 1,230 | 902 | ||||||
| Christmas Fair | 940 | 940 | ||||||
| FellowshipEvents | Brewery,Skittles,Bowling,Etc | 240 | 282 | |||||
| 2,410 | 2,125 | 0 | 0 | |||||
| 5. Ministry: | Current Year £ | Previous Year £ | ||||||
| Minister's Stipend | 27,922 | 26,922 | ||||||
| Pension Contribution | 3,546 | 3,426 | ||||||
| National Insurance | 0 | 0 | ||||||
| Ministerial Support | 0 | 0 | ||||||
| Minister's Travel | 296 | 126 | ||||||
| Pastoral / Training/ Discipleship/Pulpit Supply/etc. | 881 | 2,257 | ||||||
| 32,645 | 32,731 | |||||||
| 6. Support to Worship: | Current Year £ | Previous Year £ | ||||||
| Resources,courses,training,conferences,safeguarding | 1,045 | 238 | ||||||
| Media and Musical Equipment | PA Equipment | 2,463 | 896 | |||||
| 3,508 | 1,134 | |||||||
| 7. Children & Youth | Current Year £ | Previous Year £ | ||||||
| Powerbase,children's work,training | 107 | 472 | ||||||
| 107 | 472 | |||||||
| 8. Mission & Evangelism | Current Year £ | Previous Year £ | ||||||
| Baptist Missions | 2,000 | 2,000 | ||||||
| Hospitality,Pastoral,Other | 452 | 417 | ||||||
| 2,452 | 2,417 | |||||||
| 9. Premises and Equipment: | Current Year £ | Previous Year £ | ||||||
| 9(a) Church & Halls | ||||||||
| Lighting,Heatingand Water | 12,649 | 14,190 | ||||||
| Cleaningand Consumables | 15,998 | 5,638 | ||||||
| Insurance | 3,934 | 3,616 | ||||||
| Repairs,Maintenance,General Fabric,Security,Alarms | 6,573 | 4,459 | ||||||
| 39,154 | 27,903 | |||||||
| PAGE 2 |
| BROADWATER BAPTIST CHURCH | BROADWATER BAPTIST CHURCH | Notes to the Accounts: | Notes to the Accounts: | |||||
|---|---|---|---|---|---|---|---|---|
| 9(b) Manse | Current Year £ | Previous Year £ | ||||||
| Lighting,Heating,Water,Council Tax | 4,214 | 3,834 | ||||||
| Insurance | 547 | 466 | ||||||
| Repairs and Maintenance | 1,263 | 2,604 | ||||||
| 6,024 | 6,904 | |||||||
| 10. Office Charges: | Current Year £ | Previous Year £ | ||||||
| Administration & Miscellaneous | 115 | 182 | ||||||
| Bank Charges | 513 | 0 | ||||||
| Communications(computing, phones, postage) | 1,137 | 1,352 | ||||||
| Licences & Subscriptions | 1,303 | 1,381 | ||||||
| Photocopier & Paper | 1,065 | 878 | ||||||
| Stationery,website,advertising, printing,etc. | 343 | 145 | ||||||
| 4,474 | 3,938 | |||||||
| 11. Café | Current Year £ | Current Year £ | Previous Year £ | Previous Year £ | ||||
| INCOME | EXPENDITURE | INCOME | EXPENDITURE | |||||
| Sales | Cash Sales | 21,256 | 11,596 | |||||
| Card Sales(net) | 33,770 | 16,833 | ||||||
| Function Sales | 789 | 362 | ||||||
| 55,815 | 28,791 | |||||||
| Cost of Sales | 26,681 | 14,908 | ||||||
| Employment Costs | 33,159 | 26,965 | ||||||
| Equipment and other costs | 1,169 | 850 | ||||||
| 61,009 | 42,723 | |||||||
| 11a. Café Furlough Repayment Adjustment | 0 | (7,177) | ||||||
| Café net cost to church | 5,195 | 6,755 | ||||||
| 12. Bank and Other Cash Balances: | Current Year £ | Previous Year £ | ||||||
| NatWest Bank - Business Reserve & Current A/c's | 18,208 | 15,383 | ||||||
| Baptist Union Corporation | Savings account | 38,048 | 34,533 | |||||
| Baptist Union Corporation | Oneyear bonds | 10,000 | 20,000 | |||||
| Cash in Hand(Café) | 300 | 140 | ||||||
| 66,556 | 70,056 | |||||||
| 13. Current Assets: | Current Year £ | Previous Year £ | ||||||
| Café Stock | 1,578 | 1,121 | ||||||
| Debtors - Church(gift aid tax relief claimed,etc) | 4,336 | 2,876 | ||||||
| Prepayments | 0 | 0 | ||||||
| 5,914 | 3,997 | |||||||
| 14. Current Liabilities | Current Year £ | Previous Year £ | ||||||
| SundryCreditors and Accruals | Payments received in advance | 1,320 | 0 | |||||
| Church - income tax,fuel,income tax,etc. | 5,439 | 4,674 | ||||||
| 6,759 | 4,674 | |||||||
| 15. Restricted and Designated Funds - Balances | ||||||||
| Restricted Funds | Latvia,Baptist Missions,etc | 462 | 682 | |||||
| Latvia - 2019 collections | 2,155 | 2,155 | ||||||
| Restricted Total | 2,617 | 2,837 | ||||||
| Designated Funds | PA / IT Fund - balance(legacy) | 1,755 | ||||||
| Surveyor estimate | 2,000 | |||||||
| Designated Total | 3,755 | 4,228 | ||||||
| 6,372 | 7,065 | |||||||
| 16. Non-Monetary Assets: Held for Church's Own Use | Current Year £ | Previous Year £ | ||||||
| The church is the beneficial owner(subject to the relevent trusts) | ||||||||
| of the followingassets,the legal title to which is held by | ||||||||
| the church's custodian trustee - The Baptist Union Corporation Ltd. | ||||||||
| (shown at insured values) | ||||||||
| Churchpremises at Dominion Road,Worthing | 5,070,578 | 4,507,127 | ||||||
| Church Manse at 26 Garrick Road,Worthing | 342,312 | 291,826 | ||||||
| Churchpremises Contents,Fixtures & Fittings | 202,585 | 180,073 | ||||||
| 5,615,475 | 4,979,026 | |||||||
| 17. Collected for Other Causes: | Current Year £ | Current Year £ | Previous Year £ | Previous Year £ | ||||
| Raised | Paid over | Raised | Paid over | |||||
| Baptist Missions | Home and World | 1,322.10 | 1,322.10 | 1,188 | 1,195 | |||
| BMS BirthdayScheme | 814 | 814 | 436 | 436 | ||||
| TurningTides | 548 | 548 | 140 | 140 | ||||
| Bible Soc | 238 | 238 | 207 | 207 | ||||
| Childrens Soc | 204 | 204 | 178 | 178 | ||||
| Hope for Children,Latvia(2022) | Fun fund,appeal,Christmas Tre | e 2,872 |
2,410 | 1,389 | 700 | |||
| 5,999 | 5,537 | 3,538 | 2,856 | |||||
| PAGE 3 |
JOHN MUSSELL
4 Thalassa Road WORTHING West Sussex BN11 2HH (01903) 526091 Email:jc.mussell2@ntlworld.com
19 April 2023
To Whom It May Concern
Broadwater Baptist Church Accounts Year Ended 31 December 2022
Following a request from the Treasurer & Deacons of Broadwater Baptist Church to make an examination of the accounts for the year ended 31 December 2022, this I have completed and report my findings.
Whilst a full audit has not been undertaken, from the examination of the records, papers and other information supplied, I find everything to be in order and I am happy to endorse the published account information. Queries that arose from the examination have been referred to the Treasurer and have been answered or dealt with to my satisfaction.
The accounts and financial affairs are maintained to a full and high standard.
Yours faithfully
J H Mussell ACIB