| Page | ||
|---|---|---|
| Reference and Administrative Details | 1 | |
| ReportoftheTrustees | 2 | to 6 |
| Independent Examiner's Report | 7 | |
| StatementofFinancialActivities | 8 | |
| Balance Sheet | 9 | |
| Notestothe Financial Statements | 10 | to 25 |
| Detailed StatementofFinancial Activities | 26 | to 27 |
| TRUSTEES | Mr J Madden (resigned 31/12/23) |
|---|---|
| Revd A Eakins (Chair & Minister) | |
| Mr S Town (appointed 1/1/23) | |
| Mrs K Dawkins | |
| Mr J Winning | |
| Mr J Ditchburn | |
| Dr R Boyd (Treasurer) | |
| PRINCIPAL ADDRESS | Broadmead Community Church |
| Broadmead Avenue | |
| Northampton | |
| NN32QY | |
| REGISTERED CHARITY | 1135268 |
| NUMBER | |
| INDEPENDENT EXAMINER | Shaw Gibbs Limited |
| Eagle House | |
| 28 Billing Road | |
| Northampton | |
| NN15AJ | |
| BANKERS | Natwest Bank |
| 41The Drapery | |
| Northampton | |
| NN12EY | |
| Virgin Money | |
| 7 Gold Street | |
| Northampton | |
| NN11EN | |
| PROPERTY TRUSTEES | The Baptist Union Corporation Limited |
| Baptist House | |
| 129 Broadway | |
| Didcot | |
| Oxfordshire | |
| OX118RT |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | ||
| funds | funds | funds | funds | funds | ||
| Notes | £ |
£ | £ | £ | £ | |
| INCOME AND | ||||||
| ENDOWMENTS FROM | ||||||
| Donations and legacies | 2 | 243,168 | 13,588 | 11,777 | 268,533 | 312,567 |
| Charitable activities | 5 | |||||
| Charitable | 40,500 | 17,591 | 1,000 | 59,091 | 22,344 | |
| Other trading activities | 3 | 57,849 | 57,849 | 49,348 | ||
| Investment income | 4 | 49 | 49 | 109 | ||
| Total | 341,566 | 31,179 | 12,777 | 385,522 | 384,368 | |
| EXPENDITURE ON | ||||||
| Charitable activities | 6 | |||||
| Ministry | 132,968 | 7,616 | 41,450 | 182,034 | 135,748 | |
| Mission | 44,691 | 8,433 | 8,748 | 61,872 | 67,191 | |
| Establishment | 69,580 | 12,248 | 24,126 | 105,954 | 74,708 | |
| Other | 433 | 646 | 54,101 | 55,180 | 54,940 | |
| Total | 247,672 | 28,943 | 128,425 | 405,040 | 332,587 | |
| NET | ||||||
| INCOME/(EXPENDITURE) | 93,894 | 2,236 | (115,648) | (19,518) | 51,781 | |
| Transfers between funds | 18 | (100,350) | {4,347) | 104,697 | ||
| Net movementinfunds | (6,456) | (2,111) | (10,951) | (19,518) | 51 ,781 | |
| RECONCILIATIONOF | ||||||
| FUNDS | ||||||
| Total funds brought forward | 77,542 | 31,402 | 1,473,920 | 1,582,864 | 1,531,083 | |
| TOTAL FUNDS CARRIED | ||||||
| FORWARD | 71,086 | 29,291 | 1,462,969 | 1,563,346 | 1,582,864 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | ||
| funds | funds | funds | funds | funds | ||
| Notes | £ |
£ | £ | £ | £ | |
| FIXED ASSETS | ||||||
| Tangible assets | 13 | 3,289 | 3,860 | 2,583,318 | 2,590,467 | 2,643,247 |
| CURRENT ASSETS | ||||||
| Debtors: amounts falling due | ||||||
| within one year | 14 | 13,038 | 137 | 72 | 13,247 | 30,833 |
| Cashatbank | 67,461 | 25,354 | 92,815 | 87,041 | ||
| 80,499 | 25,491 | 72 | 106,062 | 117,874 | ||
| CREDITORS | ||||||
| Amounts falling due within | ||||||
| one year | 15 | (12,702) | (60) | (48,885) | (61,647) | (57,687) |
| NET CURRENT ASSETS | 67,797 | 25,431 | (48,813) | 44,415 | 60,187 | |
| TOTAL ASSETS LESS | ||||||
| CURRENT LIABILITIES | 71,086 | 29,291 | 2,534,505 | 2,634,882 | 2,703,434 | |
| CREDITORS | ||||||
| Amountsfalling due after | ||||||
| more than one year | 16 | (1,071,536) | (1,071,536) | (1,120,570) | ||
| NET ASSETS | 71,086 | 29,291 | 1,462,969 | 1,563,346 | 1,582,864 | |
| FUNDS | 18 | |||||
| Unrestricted funds | 71,086 | 77,542 | ||||
| Restricted funds | 29,291 | 31,402 | ||||
| Endowment funds | 1,462,969 | 1,473,920 | ||||
| TOTAL FUNDS | 1,563,346 | 1,582,864 |
| 2. | DONATIONS AND LEGACIES | ||
|---|---|---|---|
| 2023 | 2022 | ||
| £ | £ | ||
| Gifts | 22,058 | 51,566 | |
| Donations | 202,181 | 203,671 | |
| Gift aid | 38,644 | 52,459 | |
| Legacies | 1,000 | ||
| Other income | 5,650 | 3,871 | |
| 268,533 | 312,567 | ||
| 3. | OTHER TRADING ACTIVITIES | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Room hireandother trading income | 57,849 | 49,348 | |
| 4. | INVESTMENTINCOME | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Deposit account interest | 49 | 109 |
| 2023 | 2022 | ||
|---|---|---|---|
| Activity | £ | £ | |
| Grants | Charitable | 59,091 | 17,495 |
| BMAC | Charitable | 4,849 | |
| 59,091 | 22,344 | ||
| Grants received, included in the above, areasfollows: | |||
| 2023 | 2022 | ||
| £ | £ | ||
| Maud Elkington Charitable | Trust | 1,000 | |
| Timson Trust | 500 | 500 | |
| Eric Stanton Trust | 3,000 | ||
| Councillor Covid Support Fund | 495 | ||
| Community Pastor Work | 15,000 | ||
| West Northamptonshire Council | 14,091 | 1,500 | |
| Fyrish Foundation Grant | 30,000 | ||
| Garfield Weston Grant | 10,000 | ||
| Princes St Baptist Chapel Fund | 500 | ||
| 59,091 | 17,495 |
| Grant | ||||
|---|---|---|---|---|
| fundingof | ||||
| Direct | activities | Support | ||
| Costs (see | (see note | costs (see | ||
| note 7) | 8) | note 9) | Totals | |
| £ | £ | £ | £ | |
| Ministry | 104,147 | 77,887 | 182,034 | |
| Mission | 21,980 | 23,454 | 16,438 | 61,872 |
| Establishment | 60,619 | 45,335 | 105,954 | |
| 186,746 | 23,454 | 139,660 | 349,860 |
| DIRECT COSTSOFCHARITABLE ACTIVITIES | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Staff costs | 99,187 | 83,692 |
| Staff expenses | 1,308 | 320 |
| Manse costs | 23,071 | 15,447 |
| Church costs | 32,819 | 26,817 |
| Building Project | 504 | |
| Fellowship | 25,546 | 21,106 |
| BMAC | 4,815 | 2,152 |
| 186,746 | 150,038 | |
| GRANTSPAYABLE | ||
| 2023 | 2022 | |
| £ | £ | |
| Mission | 23,454 | 22,261 |
| The total grants paid to institutions during the year was as follows: | ||
| 2023 | 2022 | |
| £ | £ | |
| Supporting Broadmead Missionaries | 21,255 | 20,242 |
| CBA (BUGB) Home Mission | 1,575 | 1,500 |
| BMAC | 280 | 90 |
| Other Local & National Missions | 344 | 429 |
| 23,454 | 22,261 |
| SUPPORT COSTS | |||||
|---|---|---|---|---|---|
| Loan | Governance | ||||
| Management | Finance | interest | costs | Totals | |
| £ | £ | £ | £ | £ | |
| Ministry | 33,092 | 871 | 41,449 | 2,475 | 77,887 |
| Mission | 6,984 | 184 | 8,748 | 522 | 16,438 |
| Establishment | 19,261 | 508 | 24,126 | 1,440 | 45,335 |
| 59,337 | 1,563 | 74,323 | 4,437 | 139,660 |
| Management | |||||||
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||
| Total | Total | ||||||
| Ministry | Mission | Establishment | activities | activities | |||
| £ | £ | £ | £ | £ | |||
| Wages | 23,568 | 4,974 | 13,718 | 42,260 | 39,765 | ||
| Fire and security | 2,814 | 594 | 1,638 | 5,046 | |||
| Telephone | 3,124 | 659 | 1,818 | 5,601 | 4,026 | ||
| Photocopier | 617 | 130 | 359 | 1,106 | 4,880 | ||
| Administration | 2,204 | 466 | 1,283 | 3,953 | 5,147 | ||
| Bad debts | 765 | 161 | 445 | 1,371 | |||
| 33,092 | 6,984 | 19,261 | 59,337 | 53,818 | |||
| Finance | |||||||
| 2023 | 2022 | ||||||
| Total | Total | ||||||
| Ministry | Mission | Establishment | activities | activities | |||
| £ | £ | £ | £ | £ | |||
| Bank charges | 871 | 184 | 508 | 1,563 | 510 | ||
| Loan interest | |||||||
| 2023 | 2022 | ||||||
| Total | Total | ||||||
| Ministry | Mission | Establishment | activities | activities | |||
| £ | £ | £ | £ | £ | |||
| Loan | 41,449 | 8,748 | 24,126 | 74,323 | 47,330 | ||
| Governance costs | |||||||
| 2023 | 2022 | ||||||
| Total | Total | ||||||
| Ministry | Mission | Establishment | activities | activities | |||
| £ | £ | £ | £ | £ | |||
| Independent examination | |||||||
| fee | 669 | 141 | 390 | 1,200 | 1,056 | ||
| Accountancy fees | |||||||
| payable to Independent | |||||||
| Examiner | 1,806 | 381 | 1,050 | 3,237 | 2,634 | ||
| 2,475 | 522 | 1,440 | 4,437 | 3,690 |
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Wages andsalaries | 126,193 | 119,232 |
| Social security costs | 3,399 | 3,913 |
| Other pension costs | 11,855 | 312 |
| 141,447 | 123,457 |
| Pensions for the year are madeupof the following: | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Pension costs | 11,855 | 13,617 |
| Unwindingofpension provision | {13,305) | |
| 11,855 | 312 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Staff | 9 | 7 | ||
| No employees received emolumentsinexcess of £60,000. | ||||
| COMPARATIVESFOR THE STATEMENT OF FINANCIAL | ACTIVITIES | |||
| Unrestricted | Restricted | Endowment | Total | |
| funds | funds | funds | funds | |
| £ | £ | £ | £ | |
| **INCOME ANDENDOWMENTS FROM ** | ||||
| Donations and legacies | 293,599 | 18,968 | 312,567 | |
| Charitable activities | ||||
| Charitable | 500 | 21,844 | 22,344 | |
| Other trading activities | 44,316 | 5,032 | 49,348 | |
| Investment income | 107 | 2 | 109 | |
| Total | 338,522 | 45,846 | 384,368 | |
| EXPENDITUREON | ||||
| Charitableactivities | ||||
| Ministry | 97,002 | 19,422 | 19,324 | 135,748 |
| 12. | COMPARATIVES FOR THE STATEMENT | OFFINANCIAL ACTIVITIES | OFFINANCIAL ACTIVITIES | -continued | |
|---|---|---|---|---|---|
| Unrestricted | Restricted |
Endowment | Total |
||
| funds | funds | funds | funds | ||
| £ | £ | £ | £ | ||
| Mission | 49,405 | 8,302 | 9,484 | 67,191 | |
| Establishment | 54,875 | 8,626 | 11,207 | 74,708 | |
| Other | 393 | 446 | 54,101 | 54,940 | |
| Total | 201,675 | 36,796 | 94,116 | 332,587 | |
| NET INCOME/(EXPENDITURE) | 136,847 | 9,050 | (94,116) | 51,781 | |
| Transfers between funds | {95,925) | 127 | 95,798 | ||
| Net movementinfunds | 40,922 | 9,177 | 1,682 | 51,781 | |
| RECONCILIATIONOFFUNDS | |||||
| Total funds brought forward | 36,619 | 22,226 | 1,472,238 | 1,531,083 | |
| TOTAL FUNDS CARRIED FORWARD | 77,541 | 31,403 | 1,473,920 | 1,582,864 | |
| 13. | TANGIBLE FIXED ASSETS | ||||
| Fixtures | |||||
| Church | and | ||||
| Premises | fittings | Totals | |||
| £ | £ | £ | |||
| COST | |||||
| At 1 January 2023 | 2,705,045 | 8,392 | 2,713,437 | ||
| Additions | 2,399 | 2,399 | |||
| At31December 2023 | 2,705,045 | 10,791 | 2,715,836 | ||
| DEPRECIATION | |||||
| At 1 January 2023 | 67,626 | 2,564 | 70,190 | ||
| Charge for year | 54,101 | 1,078 | 55,179 | ||
| At31December 2023 | 121,727 | 3,642 | 125,369 | ||
| NET BOOK VALUE | |||||
| At31December 2023 | 2,583,318 | 7,149 | 2,590,467 | ||
| At31December 2022 | 2,637,419 | 5,828 | 2,643,247 |
| 14. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|
| 2023 | 2022 | ||
| £ | £ | ||
| Trade debtors | 3,864 | 13,322 | |
| Other debtors | 4,017 | 9,639 | |
| Prepayments and accrued income | 5,366 | 7,872 | |
| 13,247 | 30,833 | ||
| 15. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Bank loans and overdrafts (see note 17) | 4,622 | 6,894 | |
| Other loans (see note 17) | 48,812 | 42,929 | |
| Trade creditors | 3,725 | 3,704 | |
| Other creditors | 255 | 150 | |
| Accruals and deferred income | 4,233 | 4,010 | |
| 61,647 | 57,687 | ||
| Included within other creditorsis£nil (2022: £100) of funds heldasagent. | |||
| 16. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Other loans (see note 17) | 1 ,071,536 | 1,120,570 | |
| 17. | LOANS | ||
| Ananalysis of the maturity of loansisgiven below: | |||
| 2023 | 2022 | ||
| £ | £ | ||
| Amounts falling due within one yearondemand: | |||
| Bank overdrafts | 4,622 | 6,894 | |
| Baptist Union Corporation Loan within 1 year | 38,812 | 32,929 | |
| Concessionary loans | 10,000 | 10,000 | |
| 53,434 | 49,823 | ||
| Amounts falling between one and two years: | |||
| Baptist Union Corporation loan 1-2 years | 42,155 | 34,946 | |
| Concessionary loans 1-2 years | 10,000 | 10,000 | |
| 52,155 | 44,946 | ||
| Amounts falling due between two and five years: | |||
| Baptist Union Corporation loan 2-5 years | 147,701 | 165,482 | |
| Concessionary loans 2-5 years | 30,000 | 30,000 | |
| 177,701 | 195,482 |
| LOANS - continued | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Amounts falling dueinmore than five years: | ||
| Repayable by instalments: | ||
| Baptist Union Corporationloan over 5 years | 781,680 | 810,142 |
| Concessionary loans over 5 years | 60,000 | 70,000 |
| 841,680 | 880,142 |
| MOVEMENTINFUNDS | ||||
|---|---|---|---|---|
| Net | Transfers | |||
| movement | between | At | ||
| At 1/1/23 | in funds | funds | 31/12/23 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 17,068 | 91,807 | (105,250) | 3,625 |
| Reserves (Virgin a/c) | 59,542 | (10,000) | 49,542 | |
| Good Companions Lunch Club | 932 | 2,087 | (100) | 2,919 |
| Member Loans Fund | 15,000 | 15,000 | ||
| 77,542 | 93,894 | (100,350) | 71,086 | |
| Restricted funds | ||||
| BMAC (Dedicated) | 10,209 | (4,815) | (4,750) | 644 |
| BMAC (Natwest) | 1,155 | (280) | 875 | |
| TMX (Cash) | 128 | 128 | ||
| Building Fund | 165 | (165) | ||
| Gifts (Natwest) | 1,271 | (922) | 349 | |
| Bibles Fund (Natwest) | 185 | 550 | 735 | |
| Youth Weekend Away (Natwest) | 400 | 400 | ||
| Dishwasher | 433 | (216) | 217 | |
| Childrens Ministry | 991 | 991 | ||
| Church Warming Party | 754 | 754 | ||
| NBC Youth cafe | 49 | 49 | ||
| NBC Youth grant | 645 | (469) | 176 | |
| Chairs | 109 | 109 | ||
| Kintsugi Hope | 729 | (210) | 519 | |
| Community Pastor & Events | 2,163 | 4,625 | 6,788 | |
| Table Tennis Club | 173 | 173 | ||
| Youth Socials and Residentials | 108 | 108 | ||
| Church Equipment | 7,865 | (3,750) | 4,115 | |
| Kintsugi Youth | 47 | 47 | ||
| WNC Children's Ministry Grant | 3,750 | (3,685) | 65 | |
| Women's Conference | 309 | 472 | 781 | |
| Cafe Development | 11,250 | 11,250 | ||
| MinisterinTraining fund | {385) | 403 | 18 | |
| 31 ,402 | 2,236 | (4 ,347) | 29,291 | |
| Endowment funds | ||||
| Church Centre (previously Church | ||||
| Premises) | 1,473,920 | (115,648) | 104,697 | 1,462,969 |
| TOTAL FUNDS | 1,582,864 | {19,518) | 1,563,346 |
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | infunds | |
| £ | £ | £ | |
| Unrestrictedfunds | |||
| General fund | 339,479 | (247,672) | 91,807 |
| Good Companions Lunch Club | 2,087 | 2,087 | |
| 341,566 | (247,672) | 93,894 | |
| Restricted funds | |||
| BMAC (Dedicated) | (4,815) | (4,815) | |
| BMAC (Natwest) | (280) | (280) | |
| TMX (Cash) | 439 | (311) | 128 |
| Building Fund | (165) | (165) | |
| Gifts (Natwest) | 1,018 | (1,940) | (922) |
| Bibles Fund (Natwest) | 550 | 550 | |
| Dishwasher | (216) | (216) | |
| Childrens Ministry | 3,443 | (3,443) | |
| NBC Youth grant | (469) | (469) | |
| Kintsugi Hope | (210) | (210) | |
| Community Pastor & Events | 8,681 | (4,056) | 4,625 |
| Youth Socials and Residentials | 923 | (815) | 108 |
| Church Equipment | (3,750) | (3,750) | |
| WNC Children's Ministry Grant | 1,251 | (4,936) | (3,685) |
| Women's Conference | 1,412 | (940) | 472 |
| Cafe Development | 11,250 | 11,250 | |
| MinisterinTraining fund | 2,377 | {2,762) | {385) |
| 31,179 | (28,943) | 2,236 | |
| Endowment funds | |||
| Church Centre (previously Church | |||
| Premises) | 12,777 | (128,425) | (115,648) |
| TOTAL FUNDS | 385,522 | {405,040) | {19,518) |
| Net | Transfers | |||
|---|---|---|---|---|
| movement | between | At | ||
| At 1/1/22 | in funds | funds | 31/12/22 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | (2,227) | 135,809 | (116,514) | 17,068 |
| Reserves (Virgin a/c) | 38,846 | 107 | 20,589 | 59,542 |
| Good CompanionsLunch Club | 932 | 932 | ||
| 36,619 | 136,848 | (95,925) | 77,542 | |
| Restricted funds | ||||
| BMAC (Dedicated) | 7,513 | 2,696 | 10,209 | |
| BMAC (Natwest) | 1,155 | 1,155 | ||
| TMX (Cash) | (132) | 132 | ||
| Building Fund | 772 | (607) | 165 | |
| Gifts (Natwest) | 1,271 | 1,271 | ||
| Bibles Fund (Natwest) | 185 | 185 | ||
| Youth Weekend Away (Natwest) | 400 | 400 | ||
| Dishwasher | 649 | (216) | 433 | |
| Childrens Ministry | 607 | 384 | 991 | |
| Church Warming Party | 754 | 754 | ||
| NBC Youth cafe | 132 | (83) | 49 | |
| NBC Youth grant | 645 | 645 | ||
| Chairs | 109 | 109 | ||
| Kintsugi Hope | 717 | 59 | 776 | |
| Community Pastor & Events | 640 | 1,523 | 2,163 | |
| Table Tennis Club | 214 | (41) | 173 | |
| Youth SocialsandResidentials | 30 | (66) | 36 | |
| Church Equipment | 8,563 | (698) | 7,865 | |
| WNC Children's Ministry Grant | 3,750 | 3,750 | ||
| Women's Conference | 309 | 309 | ||
| 22,226 | 9,049 | 127 | 31,402 | |
| Endowment funds | ||||
| Church Centre (previously Church | ||||
| Premises) | 1,472,238 | (94,116) | 95,798 | 1,473,920 |
| TOTAL FUNDS | 1,531,083 | 51,781 | 1,582,864 |
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | infunds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 336,264 | (200,455) | 135,809 |
| Reserves (Virgin a/c) | 107 | 107 | |
| Good Companions Lunch Club | 966 | (34) | 932 |
| Bike Event fund | 1,185 | (1,185) | |
| 338,522 | (201,674) | 136,848 | |
| Restricted funds | |||
| BMAC (Dedicated) | 4,848 | (2,152) | 2,696 |
| TMX (Cash) | 283 | (415) | (132) |
| Building Fund | 9,545 | (10,152) | (607) |
| Gifts (Natwest) | 2,076 | (805) | 1,271 |
| Bibles Fund (Natwest) | 1,034 | (1,034) | |
| Dishwasher | (216) | (216) | |
| Childrens Ministry | 749 | (365) | 384 |
| NBC Youth cafe | 1 | (84) | (83) |
| NBC Youth grant | 750 | (105) | 645 |
| Kintsugi Hope | 718 | (659) | 59 |
| Community Pastor & Events | 18,297 | (16,774) | 1,523 |
| Table Tennis Club | 214 | 214 | |
| Youth Socials and Residentials | 463 | (529) | (66) |
| Church Equipment | 2,800 | (3,498) | (698) |
| WNC Children's Ministry Grant | 3,750 | 3,750 | |
| Women's Conference | 318 | (9) | 309 |
| 45,846 | (36,797) | 9,049 | |
| Endowment funds | |||
| Church Centre (previously Church | |||
| Premises) | (94,116) | (94,116) | |
| TOTAL FUNDS | 384,368 | (332,587) | 51 ,781 |
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Gifts | 22,058 | 51 ,566 |
| Donations | 202,181 | 203,671 |
| Gift aid | 38 ,644 | 52,459 |
| Legacies | 1,000 | |
| Other income | 5,650 | 3,871 |
| 268,533 | 312,567 | |
| Othertrading activities | ||
| Room hire and other trading income | 57,849 | 49,348 |
| Investment income | ||
| Deposit account interest | 49 | 109 |
| Charitable activities | ||
| Grants | 59,091 | 17,495 |
| BMAC | 4,849 | |
| 59,091 | 22,344 | |
| Total incoming resources | 385,522 | 384,368 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages | 83,933 | 79,467 |
| Social security | 3,399 | 3,913 |
| Pensions | 11,855 | 312 |
| Staff expenses | 1,308 | 320 |
| Manse costs | 23,071 | 15,447 |
| Church costs | 32,819 | 26,817 |
| Building Project | 504 | |
| Fellowship | 25,546 | 21 ,106 |
| BMAC | 4,815 | 2,152 |
| Grants to institutions | 23,454 | 22,261 |
| 210,200 | 172,299 | |
| Other | ||
| Depreciationoftangible fixed assets | 55,180 | 54,940 |
| Support costs | ||
| Management | ||
| Wages | 42,260 | 39,765 |
| Fire and security | 5,046 | |
| Carried forward | 47,306 | 39,765 |
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Management | ||
| Brought forward | 47,306 | 39,765 |
| Telephone | 5,601 | 4,026 |
| Photocopier | 1,106 | 4,880 |
| Administration | 3,953 | 5,147 |
| Bad debts | 1,371 | |
| 59,337 | 53,818 | |
| Finance | ||
| Bank charges | 1,563 | 510 |
| Loan interest | ||
| Loan | 74,323 | 47,330 |
| Governance costs | ||
| Independent examination fee | 1,200 | 1,056 |
| Accountancy fees payable to Independent | ||
| Examiner | 3!237 | 2,634 |
| 4,437 | 3,690 | |
| Total resources expended | 405,040 | 332,587 |
| Net (expenditure)/income | {19,518) | 51,781 |