## **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 **==> picture [107 x 44] intentionally omitted <==** 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_