Broadwater Baptist Church Yearly Report - March 2024
Although it has been a challenging year there has been a great deal to celebrate and to be thankful for.
The Church’s regular offering for 2023 is up by nearly 8%. The Wave cafe continues to prosper even though we thought we might struggle after the Childrens Centre departed. Through a lot of hard work and prayer they have gone from a deficit of around £5000 in 2022 to a net excess of £372. We thank God for this answer to prayer.
The biggest issue we faced was making good the front wall and we talked a lot about what God can do when we are faced with needing the funds that we just do not have. It was great to marvel at how quickly we had over £70,000. We can take great comfort and encouragement in how God worked in this situation and the latest is God continues to do things… and out of the total costs of £92,500 we received £83,000. And as a church, we did initially commit to add funds from our general funds of £20,000, however that number has gone down to around £9,500 so we continue to pray for God to release the rest.
Let’s also not forget that, despite, or maybe because of, the issues we have in being Church, over the year we’ve seen people join the church and some becoming members.
We’ve begun to see the “Fun Events” growing in the numbers of people and families coming into the church building. This gives us all an opportunity to interact with non-christians. Along with that and our growing presence in Whytemead school we pray that more and more we can share our faith with those in our closest community.
In light of that we also saw over Christmas a really great number of people join us at the Carol service and let’s not forget the Christingle service where we were bursting at the seams.
We face more challenges as a church, not least needing to repair the roof, but let’s take heart and continue to pray that God will do even more than we can imagine or dream in the months to come as we hope to be the church He wants us to be.
God Bless
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Rev jason Gain
| BROADWATER BAPTIST CHURCH FINANCIAL STATEMENT 2023 GENERAL INCOME AND EXPENDITURE ACCOUNT Year to DECEMBER 2023 2023 INCOME Note £ £ Regular Offerings 1 56,566 Rents and contributions for use of premises 19,236 Donations, legacies, interest and other income 2 2,435 Miscellaneous Items, and events 3 3,848 Building Project (Wall) 7c 84,192 Service Charges to-WSCC 5,000 Wave Café Sales Income 9 73,508 Purchases, Salaries, Other costs (73,136) Net Surplus 372 Total Church Income 171,648 Raised for other causes Missions, HFCL, etc. 15 4,897 Total Income 176,546 Expenditure 2023 2023 Note £ £ Ministry 5 33,505 Worship Support 6 1,067 Premises fuel, insurance, maintenance, equipment, fabric 7a 49,508 Manse fuel, insurance, maintenance, equipment, fabric 7b 6,016 Office charges, licences, subscriptions, etc. 8 5,639 BU Pension Deficit Payments 12 Building Project (Wall) Total costs 7c 92,596 Miscellaneous Items, and events 3 1,962 Sent to Other Causes 6 433 Total Church Expenditure 190,740 Paid over to other causes Missions, HFCL, etc. 15 3,775 Total Expenditure 194,515 Net Total to Date (17,969) Balance brought forward from 2022 65,710 Balance carried forward 47,741 Deduct Restricted and Designated Funds 13 (3,277) General Fund - Available 44,464 STATEMENT OF ASSETS AND LIABILITIES 2023 ASSETS: Note £ Bank and other cash transactions 10 43,530 Other Monetary Assets e.g. Debtors 11 10,612 54,143 LESS LIABILITIES Current sundry creditors 12 6,402 NET ASSETS 47,741 Non Monetary Assets: Held for churches own use 14 5,898,021 5,898,021 |
2022 2022 £ £ 52,162 17,511 2,578 3,892 23,262 55,815 (61,009) (5,194) 94,211 5,999 . 100,210 2022 2022 £ £ 32,645 3,615 39,154 6,024 4,474 2,485 7,493 2,452 98,342 5,537 103,879 (3,669) 69,379 65,710 (6,372) 59,338 2022 £ 66,556 5,914 72,470 6,760 65,710 5,615,475 5,615,475 |
2022 2022 £ £ 52,162 17,511 2,578 3,892 23,262 55,815 (61,009) (5,194) 94,211 5,999 . 100,210 2022 2022 £ £ 32,645 3,615 39,154 6,024 4,474 2,485 7,493 2,452 98,342 5,537 103,879 (3,669) 69,379 65,710 (6,372) 59,338 2022 £ 66,556 5,914 72,470 6,760 65,710 5,615,475 5,615,475 |
|---|---|---|
| 59,338 | ||
| 2022 £ 66,556 5,914 72,470 6,760 65,710 5,615,475 5,615,475 |
PAGE 1
BBC Accounts at 31 Dec 2023 - Final Report
48 Loxwood Avenue Worthing BN14 7RA
nb.rust@yahoo.com
10[th] October 2024
To Whom It May Concern
Broadwater Baptist Church Accounts – Year Ended 31 December 2023
Following a request from the Treasurer of Broadwater Baptist Church to make an examination of the accounts for the year ended 31 December 2023, this I have completed and report my findings – see attached sheet.
Whilst a full audit has not been undertaken, from my examination of the computerised records, papers and other information supplied, I am happy to endorse the published account information. Queries which arose during the examination have been referred to the Treasurer and I am satisfied with the additional information supplied.
The accounts and other financial records are maintained to a very high standard.
Neville Barrie
Broadwater Baptist Church, Worthing Inspection of Financial Records for the year January – December 2023
Methodology
Income
The audit trail for 12 items from each of the following (where applicable) income streams were inspected:
Counters sheet > paying in slips >accounts system entry > bank statement > bank reconciliation =
Café income > paying in slips >accounts system entry > bank statement > bank reconciliation =
Other income paying in slips / BACS > accounts system entry > bank statement > bank reconciliation =
Venue hire & lettings > paying in slips / BACS > accounts system entry > bank statement > bank reconciliation=
Expenditure
The audit trail for 12 items of each of the following (where applicable) were inspected
Supplier’s invoice (inc utilities etc) > BACS or cheque payment > accounts system entry > bank statement > bank reconciliation=
Reimbursement to individual (receipt or other) payment by BACS or cheque payment > accounts system entry > bank statement > bank reconciliation=
Payment of monies collected for third party charities by BACS or cheque payment > accounts system entry > bank statement > bank reconciliation=
Transfers to savings and other accounts > accounts system entry > bank statement > bank reconciliation=
Other costs (bank charges etc.,) > accounts system entry > bank statement > bank reconciliation=
Investments
The balances of the Nat West Savings A/C and Baptist Union Fund A/C as declared on December 2023 Accounts were .
Reporting
A number of monthly Accounts Reports for Deacons were inspected at random for accuracy, integrity of calculation formulas, etc.,
Neville Barrie, October 2024