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## 

|||Page|
|---|---|---|
|Reference and Administrative Details||1|
|ReportoftheTrustees|2|<br>to 6|
|Independent Examiner's Report||7|
|StatementofFinancialActivities||8|
|Balance Sheet||9|
|Notestothe Financial Statements|10|<br>to 25|
|Detailed StatementofFinancial Activities|26|<br>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|








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||||||2023|2022|
|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Endowment|Total|Total|
|||funds|funds|funds|funds|funds|
||Notes|<br>£|£|£|£|£|
|**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|<br>£|£|£|£|£|
|**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|








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## 

## 

|**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|<br>Restricted|Endowment|<br>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|