**REGISTERED CHARITY NUMBER: 1135268**
## **REPORT OF THE TRUSTEES AND**
**FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **FOR**
**BROADMEAD COMMUNITY CHURCH**
**BROADMEAD COMMUNITY CHURCH**
**CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
||**Page**|
|---|---|
|**Reference and Administrative Details**|1|
|**Report of the Trustees**|2 to 5|
|**Independent Examiner's Report**|6|
|**Statement of Financial Activities**|7|
|**Balance Sheet**|8|
|**Notes to the Financial Statements**|9 to 24|
|**Detailed Statement of Financial Activities**|25 to 26|
**BROADMEAD COMMUNITY CHURCH**
## **REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2024**
|**TRUSTEES**|Revd A Eakins (Chair & Minister)|
|---|---|
||Mr S Town (resigned 31/1/25)|
||Mrs K Dawkins (resigned 31/12/24)|
||Mr J Winning (resigned 31/12/24)|
||Mr J Ditchburn|
||Dr R Boyd (Treasurer)|
||Mr M D Currington (appointed 1/1/25)|
||Ms T W M Lee (appointed 1/1/25)|
||Mr P R Sivers (appointed 1/1/25)|
||Ms G Murray (appointed 1/1/24)|
|**PRINCIPAL ADDRESS**|Broadmead Community Church|
||Broadmead Avenue|
||Northampton|
||NN3 2QY|
|**REGISTERED CHARITY**|1135268|
|**NUMBER**||
|**INDEPENDENT EXAMINER**|Shaw Gibbs Limited|
||Eagle House|
||28 Billing Road|
||Northampton|
||NN1 5AJ|
|**BANKERS**|Natwest Bank|
||41 The Drapery|
||Northampton|
||NN1 2EY|
||Virgin Money|
||7 Gold Street|
||Northampton|
||NN1 1EN|
|**PROPERTY TRUSTEES**|The Baptist Union Corporation Limited|
||Baptist House|
||129 Broadway|
||Didcot|
||Oxfordshire|
||OX11 8RT|
Page 1
**BROADMEAD COMMUNITY CHURCH**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024**
The trustees present their Annual Report and financial statements for 2024.
## **INTRODUCTION FROM THE CHAIR OF TRUSTEES**
Over the past year, it has been truly uplifting to witness some remarkable highlights and areas of growth within our church as we continue to evolve as a worshipping community and serve the local community around Broadmead.
Our church remains dedicated to our "3 Whys" (our purpose):
Everyone Welcome: We strive to be a church where everyone feels welcome.
Encountering Jesus: We believe that God created us to know Him personally, not just intellectually.
Embracing Adventure: We are all unique and have different passions, but we are all called to a life of adventure when we say YES to Jesus.
Our values are principles that guide our decisions and actions. They are the things that are important to us and determine the way we see things and do things. Over our Intergenerational Gathering in the first half of 2024, we explored our church values and how we might give them attention in our day-to-day lives, enabling them to be expressed within our church family.
Our Values .God is No. 1 - We put God first in all things (Matt 6:33, 25-34).
.To Give Our Best - We give 100% in all areas of our lives (1 Cor 10:32).
.It's We Not Me - We are not designed to do life alone; we are better together (1 Cor 12:12-19, Hebrews 10:24-25).
.Honour For All - We desire to honour Jesus and each other (1 Peter 2:17).
.Word and Spirit Alive - We enjoy God's presence and encounter Him through scripture (John 6:63, Hebrews 4:12).
.Be In the Mix - We want to add value to the church and community through serving others (1 Peter 4:10, Hebrews 13:16).
Values create culture. What we say we value is what we really care about, give time to, and invest in. As we continue to explore and embrace these values in all areas of our lives, we are committed to measuring and nurturing their expression within our church family.
As a worshipping community, our Sunday Worship Gatherings have maintained steady attendance throughout the year, complemented by a vibrant children's and youth program. Highlights of the year include our well-attended Easter and Christmas events, as well as a sold-out women's conference that was a great success.
We have also seen growth in our various community groups, including weekday activities like the Community Café (Just B), Table Tennis, Craft Groups, and Children and Parent Groups. Additionally, many community and exercise groups hire our church rooms for their activities, benefiting both the church financially and the local community.
Our church has played a key role in facilitating "Local Community Conversations," bringing together local groups to discuss ways to improve the community. Supported by local councilors and many local community groups, these conversations have led to the continuation of the annual community festival, now in its third year, with free transport between the nine venues provided by Northampton Heritage Buses.
The church's work is sustained by the generosity of our members and external funders. We are grateful for the regular contributions from church members and the support from local council members, which have enabled us to continue our mission and grow our community work.
Page 2
**BROADMEAD COMMUNITY CHURCH**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024**
We are deeply thankful to all the team members who have dedicated their time to our various projects. Without their commitment, we would not have achieved so much over the past year. A heartfelt THANK YOU to everyone who has contributed their time and resources. We look forward to 2025 with anticipation, ready to further develop the projects that have flourished in 2024.
Adam Eakins - Chair of Trustees
## **OBJECTIVES AND ACTIVITIES**
## **Charitable Object**
The Charity is governed by an Approved Governing Document which states that the principal purpose of the charity is the advancement of the Christian faith according to the principles of the Baptist denomination to include the advancement of education, community service and such other general charitable purposes in such parts of the United Kingdom and the world as the Church shall determine.
The Church occupies premises which are held by the Baptist Union Corporation Ltd, on Trusts which are entirely compatible with the above charitable objective.
Page 3
**BROADMEAD COMMUNITY CHURCH**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024**
## **OBJECTIVES AND ACTIVITIES Objectives and Activities**
The principal objective of Broadmead Church is to show the love of Jesus Christ in both word and deed and to bring people into a closer relationship with Him as living Lord. To achieve this, the Church provides a variety of activities for its membership and the community.
## **.** Public Worship Services
**.** Regular services are held every Sunday at 10:45 am.
**.** Occasional services are advertised in the church digital bulletin and on the website at broadmead.org.uk.
**.** A full children's and youth program is available during gatherings.
## **Community and Faith Development**
**.** Connect groups, huddles, community groups, and small groups meet regularly for faith growth and discipleship.
**.** Samuels Christian Nursery, established in 1990, offers pre-school education to over forty children weekly. Managed by Zoe Sanders since 2021, it was rated 'Good' by Ofsted in its most recent inspection.
**.** Weekly youth club and after-school youth café cater to local young people. The youth café is temporarily closed due to staffing issues but is hoped that it will reopen soon.
**.** Various youth activities, including trips have been organized.
**.** Participation in the local Unite Youth event, run by NAYC, continues.
**.** The Next-Gen leaders program supports young people aged 16-24 in developing leadership skills.
Community Outreach
Messy Play toddler group meets every Tuesday during term-time, with an average of 40 families attending weekly.
Support for local families with food and Christmas gifts in collaboration with the Mother Christmas project.
Community Café operates every Thursday morning, serving 40-50 people, with additional monthly event
Partnership with Good Companions to provide fortnightly lunches and activities for seniors, attracting about 80 participants.
Craft and Chat group meets weekly for local community members.
Collaboration with St. Albans Church to run a food bank every Friday morning.
## **Safeguarding and Compliance**
Systems are in place to ensure all volunteers working with children, youth, and vulnerable adults are appropriately vetted.
Policies and procedures are regularly updated to comply with GDPR regulations.
## **ACHIEVEMENTS AND PERFORMANCE Achievements and Performance**
Over 1000 adults participate in various activities weekly, supporting well-being, reducing isolation, and learning new skills.
Three new members joined the church, and 11 people were baptised during the year.
Page 4
**BROADMEAD COMMUNITY CHURCH**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024**
## **FINANCIAL REVIEW**
## **Financial Review**
The Church raises funds from its membership, congregation, building use, and grants, with no wider public appeal made during the year.
Financial support is provided to national and international Christian organizations.
The Church relies heavily on volunteers, contributing significantly to its objectives with minimal financial impact.
The financial results and accounting policies are detailed in the accompanying financial statements.
A Reserve Policy is in place, ensuring three months of core costs and one month of utility reserves.
The trustees have had regard to the Charity commission guidance on public benefit.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
## **Organisational Structure and Decision making processes**
Members of the Church are accepted in accordance with the Constitution which requires them to be, or to have been, publicly baptised on the profession of faith in Jesus Christ or following other modes of baptism to renew their public profession of faith in Jesus Christ.
The Members Meeting normally takes place a minimum of four times per year and has responsibility for the overall policy of the church. In accordance with the Constitution, the members appoint Minister, Elders and Resource Team Leaders, who together are collectively known as the Trustees, who are responsible for the day to day running of the church's work and witness, and the financial and legal aspects of the charity. The Ministers, Elders and Resource Team Leaders (The Trustees) meet at least six times a year. All members are encouraged to take an appropriate part in the spiritual and practical tasks involved in the furtherance of the charitable objective.
Relevant matters may be submitted to the Church meeting by the Trustees for guidance or may be raised by members in the Church meeting for further consideration by the Trustees. Though the Constitution permits decisions to be made at Church meetings by appropriate majorities, the Church seeks to work by consensus wherever possible.
Approved by order of the board of trustees on ..........22[nd] Sept 2025.................. and signed on its behalf by:
................................................................. Revd A Eakins - Trustee
Page 5
**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BROADMEAD COMMUNITY CHURCH**
## **Independent examiner's report to the trustees of Broadmead Community Church**
I report to the charity trustees on my examination of the accounts of Broadmead Community Church (the Trust) for the year ended 31 December 2024.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
## **Use of our report:**
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our independent examination work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our independent examination work, for this report, or for the opinions we have formed.
Nicola Fox FCA
Shaw Gibbs Limited Eagle House 28 Billing Road Northampton NN1 5AJ
Date: ........13[th] October 2025.....
Page 6
**BROADMEAD COMMUNITY CHURCH**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024**
|Unrestricted
funds
Notes
£
**INCOME AND**
**ENDOWMENTS FROM**
Donations and legacies
2
279,755
**Charitable activities**
5
Charitable
8,000
Other trading activities
3
45,412
Investment income
4
-
**Total**
333,167
**EXPENDITURE ON**
**Charitable activities**
6
Ministry
114,462
Mission
43,911
Establishment
77,636
Other
432
**Total**
236,441
**NET**
**INCOME/(EXPENDITURE)**
96,726
**Transfers between funds**
18
(119,516)
**Net movement in funds**
(22,790)
**RECONCILIATION OF**
**FUNDS**
Total funds brought forward
71,086
**TOTAL FUNDS CARRIED**
**FORWARD**
48,296|Restricted
funds
£
17,498
26,384
-
-
43,882
26,867
8,559
7,672
779
43,877
5
3,350
3,355
29,291
32,646|
Endowment
funds
£
1,763
-
-
-
1,763
41,546
7,797
25,017
54,101
128,461
(126,698)
116,166
(10,532)
1,462,969
1,452,437|2024
Total
funds
£
299,016
34,384
45,412
-
378,812
182,875
60,267
110,325
55,312
408,779
(29,967)
-
(29,967)
1,563,346
1,533,379|2023
Total
funds
£
268,533
59,091
57,849
49
385,522
182,034
61,872
105,954
55,180
405,040
(19,518)
-
(19,518)
1,582,864
1,563,346|
|---|---|---|---|---|
## **CONTINUING OPERATIONS**
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
Page 7
**BROADMEAD COMMUNITY CHURCH**
## **BALANCE SHEET 31 DECEMBER 2024**
||||||||2024|2023|
|---|---|---|---|---|---|---|---|---|
|||Unrestricted|Restricted||Restricted
Endowment||Total|Total|
|||funds|funds||funds||funds|funds|
||Notes|Notes
£|£||£||£|£|
|**FIXED ASSETS**|||||||||
|Tangible assets|13|2,857|4,400||2,529,217||2,536,474|2,590,467|
|**CURRENT ASSETS**|||||||||
|Debtors: amounts falling due|||||||||
|within one year|14|13,062|379|||1|13,442|13,247|
|Cash at bank||48,003|27,867|||-|75,870|92,815|
|||61,065|28,246|||1|89,312|106,062|
|**CREDITORS**|||||||||
|Amounts falling due within|||||||||
|one year|15|(15,626)||-|(11,991)||(27,617)|(61,647)|
|**NET CURRENT ASSETS**||45,439|28,246||(11,990)||61,695|44,415|
|**TOTAL ASSETS LESS**|||||||||
|**CURRENT LIABILITIES**||48,296|32,646||2,517,227||2,598,169|2,634,882|
|**CREDITORS**|||||||||
|Amounts falling due after|||||||||
|more than one year|16|-||-|(1,064,790)||(1,064,790)|(1,071,536)|
|**NET ASSETS**||48,296|32,646||1,452,437||1,533,379|1,563,346|
|**FUNDS**|18||||||||
|Unrestricted funds|||||||48,296|71,086|
|Restricted funds|||||||32,646|29,291|
|Endowment funds|||||||1,452,437|1,462,969|
|**TOTAL FUNDS**|||||||1,533,379|1,563,346|
The financial statements were approved by the Board of Trustees and authorised for issue on ... 22[nd] Sept 2025............. and were signed on its behalf by:
............................................. Revd A Eakins - Trustee
............................................. Dr R Boyd - Trustee
The notes form part of these financial statements
Page 8
**BROADMEAD COMMUNITY CHURCH**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Broadmead Baptist Church is an unincorporated charity registered with the Charity Commission for England and Wales. Its charity registration number and registered address are listed on page 1.
No material uncertainties exist in relation to going concern.
The presentation currency of the financial statements is the pound sterling (£).
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably.
Donations are accounted for gross when received.
Legacies are accounted for at the earlier of the Estate accounts being finalised and notified and the legacy being received.
Investment income is included in the accounts in the year in which it is receivable.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category.
The Church makes grants to other organisations whose charitable objects complement its work. They are accounted for in the year in which they are paid. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **Allocation and apportionment of costs**
Support costs are those that assist the work of the Church but do not directly represent charitable activities and include office costs and governance costs. Where support costs cannot be directly attributed to particular headings they have been allocated to expenditure on charitable activities on a basis consistent with the use of resources.
Governance costs represent direct expenditure on the governance of the Church. Most of the management is carried out without charge by volunteers. This intangible cost is not included in the Statement of Financial Activities since there is no measurable cost to the volunteers for their service.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Church Premises - 2% on cost Fixtures and fittings - 10% on cost
Page 9
continued...
**BROADMEAD COMMUNITY CHURCH**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024**
## **1. ACCOUNTING POLICIES - continued**
## **Tangible fixed assets**
Fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Fixed assets are only capitalised and depreciated for single items valued above £1,000.
Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The Trustees are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The Trustees consider that the individual carrying values of assets are supportable by their value in use.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Designated funds comprise unrestricted funds that have been set aside by the trustees for specific purposes.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Endowment funds represent those assets which must be held permanently by the charity. Income arising on the endowment funds can be used in accordance with the objects of the charity and is included as unrestricted income.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Pension costs and other post-retirement benefits**
The Church operates a defined contribution pension scheme for its employees. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. The assets of the scheme are held separately from the charity in an independently administered fund.
The Church pays pension contributions for its Ministers to the Baptist Pension Scheme which is a final salary defined benefit scheme. The scheme is a multi-employer scheme and it is not possible to identify the assets and liabilities of the scheme which are attributable to the Church therefore the scheme is accounted for as a defined contribution scheme.
## **Financial instruments**
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income under administrative expenses.
Financial liabilities are classified according to the substance of the contractual arrangements entered into.
Page 10
continued...
**BROADMEAD COMMUNITY CHURCH**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024**
## **1. ACCOUNTING POLICIES - continued**
## **Financial instruments**
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
## **Public Benefit Entity Concessionary Loans**
Public benefit entity concessionary loans are initially measured at the amounts received or paid and recognised in the balance sheet. In subsequent years, the carrying amount of concessionary loans is adjusted to reflect any accrued interest payable or receivable.
## **Significant judgements and estimates**
The preparation of financial statements requires the use of certain critical accounting estimates. It also requires Trustees to exercise their judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies above.
## **2. DONATIONS AND LEGACIES**
|Gifts
Donations
Gift aid
Other income
**3.**
**OTHER TRADING ACTIVITIES**
Room hire and other trading income
**4.**
**INVESTMENT INCOME**
Deposit account interest|2024
£
38,296
207,995
46,449
6,276
299,016
2024
£
45,412
2024
£
-|2024
£
38,296
207,995
46,449
6,276
299,016
2024
£
45,412
2024
£
-|2023
£
22,058
202,181
38,644
5,650
268,533
2023
£
57,849
2023
£
49|2023
£
22,058
202,181
38,644
5,650
268,533
2023
£
57,849
2023
£
49|
|---|---|---|---|---|
||||||
||||||
Page 11
continued...
**BROADMEAD COMMUNITY CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024**
## **5. INCOME FROM CHARITABLE ACTIVITIES**
|Activity
Grants
Charitable
Grants received, included in the above, are as follows:
Maud Elkington Charitable Trust
Benham Charity
Timson Trust
Eric Stanton Trust
West Northamptonshire Council
Fyrish Foundation Grant
Garfield Weston Grant
Princes St Baptist Chapel Fund
Bloom Set Up Grant
VIN Grant
Northampton Town Council
Davidge Usher Trust
Baptist Union
Northamptonshire Sport|2024
£
34,384
2024
£
1,000
3,000
4,000
-
9,375
-
-
-
200
1,764
1,050
2,000
10,000
1,995
34,384|2023
£
59,091
2023
£
1,000
-
500
3,000
14,091
30,000
10,000
500
-
-
-
-
-
-
59,091|
|---|---|---|
## **6. CHARITABLE ACTIVITIES COSTS**
|Ministry
Mission
Establishment|Direct
Costs (see
note 7)
£
113,838
19,877
68,716
202,431|Grant
funding of
activities
(see note
8)
£
-
27,420
-
27,420|Support
costs (see
note 9)
£
69,037
12,970
41,609
123,616|Totals
£
182,875
60,267
110,325
353,467|
|---|---|---|---|---|
Page 12
continued...
**BROADMEAD COMMUNITY CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024**
## **7. DIRECT COSTS OF CHARITABLE ACTIVITIES**
|Staff costs
Staff expenses
Manse costs
Church costs
Fellowship
BMAC
**8.**
**GRANTS PAYABLE**
Mission
The total grants paid to institutions during the year was as follows:
Supporting Broadmead Missionaries
CBA (BUGB) Home Mission
BMAC
Other Local & National Missions|2024
£
111,181
1,500
31,439
37,277
21,034
-
202,431
2024
£
27,420
2024
£
26,572
360
307
181
27,420|2023
£
99,187
1,308
23,071
32,819
25,546
4,815
186,746
2023
£
23,454
2023
£
21,255
1,575
280
344
23,454|
|---|---|---|
||||
## **9. SUPPORT COSTS**
|Management
£
Ministry
24,706
Mission
4,649
Establishment
14,915
44,270|Finance
£
974
183
586
1,743|Loan
Governance
interest
costs
£
£
41,544
1,813
7,797
341
25,016
1,092
74,357
3,246|Totals
£
69,037
12,970
41,609
123,616|
|---|---|---|---|
Page 13
continued...
**BROADMEAD COMMUNITY CHURCH**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024**
## **9. SUPPORT COSTS - continued**
Support costs, included in the above, are as follows:
## **Management**
|Wages
Fire and security
Telephone
Photocopier
Administration
Bad debts
**Finance**
Bank charges
Third Party Fees
**Loan interest**
Loan
**Governance costs**
Independent examination
fee
Accountancy fees
payable to Independent
Examiner|Ministry
£
16,448
1,529
3,367
578
2,784
-
24,706
Ministry
£
529
445
974
Ministry
£
41,544
Ministry
£
844
969
1,813|Mission Establishment
£
£
3,087
9,905
287
921
632
2,027
109
349
534
1,713
-
-
4,649
14,915
Mission Establishment
£
£
99
318
84
268
183
586
Mission Establishment
£
£
7,797
25,016
Mission Establishment
£
£
159
509
182
583
341
1,092|2024
Total
activities
£
29,440
2,737
6,026
1,036
5,031
-
44,270
2024
Total
activities
£
946
797
1,743
2024
Total
activities
£
74,357
2024
Total
activities
£
1,512
1,734
3,246|2023
Total
activities
£
42,260
5,046
5,601
1,106
3,953
1,371
59,337
2023
Total
activities
£
1,563
-
1,563
2023
Total
activities
£
74,323
2023
Total
activities
£
1,200
3,237
4,437|
|---|---|---|---|---|
Page 14
continued...
**BROADMEAD COMMUNITY CHURCH**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024**
## **10. TRUSTEES' REMUNERATION AND BENEFITS**
The Minister acts as one of the Church's trustees in accordance with its constitution and received remuneration of £53,751 (2023: £57,948) in respect of his services as Minister and other benefits including the provision of accommodation rented by the Church under a leaseback agreement.
## **Trustees' expenses**
Three (2023: Two) Trustees were reimbursed £2,718 (2023: £1,966) during the year for expenses incurred on behalf of the Church.
## **11. STAFF COSTS**
|Wages and salaries
Social security costs
Other pension costs|2024
£
125,127
2,409
13,085
140,621|2023
£
126,193
3,399
11,855
141,447|
|---|---|---|
The average monthly number of employees during the year was as follows:
||2024|2023|
|---|---|---|
|Staff|10|9|
No employees received emoluments in excess of £60,000.
|**12.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
Restricted
funds
funds
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
243,168
13,588
**Charitable activities**
Charitable
40,500
17,591
Other trading activities
57,849
-
Investment income
49
-
**Total**
341,566
31,179
**EXPENDITURE ON**
**Charitable activities**
Ministry
132,968
7,616
Mission
44,691
8,433
Establishment
69,580
12,248
Other
433
646
**Total**
247,672
28,943
**NET INCOME/(EXPENDITURE)**
93,894
2,236
**Transfers between funds**
(100,350)
(4,347)|
Endowment
funds
£
11,777
1,000
-
-
12,777
41,450
8,748
24,126
54,101
128,425
(115,648)
104,697|Total
funds
£
268,533
59,091
57,849
49
385,522
182,034
61,872
105,954
55,180
405,040
(19,518)
-|
|---|---|---|
Page 15
continued...
**BROADMEAD COMMUNITY CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024**
|**12.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -**
Unrestricted
Restricted
funds
funds
£
£
**Net movement in funds**
(6,456)
(2,111)
**RECONCILIATION OF FUNDS**
Total funds brought forward
77,542
31,402
**TOTAL FUNDS CARRIED FORWARD**
71,086
29,291
**13.**
**TANGIBLE FIXED ASSETS**
Church
Premises
£
**COST**
At 1 January 2024
2,705,045
Additions
-
At 31 December 2024
2,705,045
**DEPRECIATION**
At 1 January 2024
121,727
Charge for year
54,101
At 31 December 2024
175,828
**NET BOOK VALUE**
At 31 December 2024
2,529,217
At 31 December 2023
2,583,318
All of the fixed assets are used for direct charitable purposes.
**14.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Other debtors
Prepayments and accrued income|**12.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -**
Unrestricted
Restricted
funds
funds
£
£
**Net movement in funds**
(6,456)
(2,111)
**RECONCILIATION OF FUNDS**
Total funds brought forward
77,542
31,402
**TOTAL FUNDS CARRIED FORWARD**
71,086
29,291
**13.**
**TANGIBLE FIXED ASSETS**
Church
Premises
£
**COST**
At 1 January 2024
2,705,045
Additions
-
At 31 December 2024
2,705,045
**DEPRECIATION**
At 1 January 2024
121,727
Charge for year
54,101
At 31 December 2024
175,828
**NET BOOK VALUE**
At 31 December 2024
2,529,217
At 31 December 2023
2,583,318
All of the fixed assets are used for direct charitable purposes.
**14.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Other debtors
Prepayments and accrued income|**continued**
Endowment
funds
£
(10,951)
1,473,920
1,462,969
Fixtures
and
fittings
£
10,791
1,320
12,111
3,642
1,212
4,854
7,257
7,149
2024
£
5,701
4,000
3,741
13,442|**continued**
Endowment
funds
£
(10,951)
1,473,920
1,462,969
Fixtures
and
fittings
£
10,791
1,320
12,111
3,642
1,212
4,854
7,257
7,149
2024
£
5,701
4,000
3,741
13,442|Total
funds
£
(19,518)
1,582,864
1,563,346
Totals
£
2,715,836
1,320
2,717,156
125,369
55,313
180,682
2,536,474
2,590,467
2023
£
3,864
4,017
5,366
13,247|
|---|---|---|---|---|
||||||
||||||
||||||
||||||
||||||
||||||
||||||
Page 16
continued...
**BROADMEAD COMMUNITY CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024**
|**15.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
2024
£
Bank loans and overdrafts (see note 17)
8,144
Other loans (see note 17)
11,991
Trade creditors
1,855
Other creditors
1,393
Accruals and deferred income
4,234
27,617
**16.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
2024
£
Other loans (see note 17)
1,064,790
**17.**
**LOANS**|2023
£
4,622
48,812
3,725
255
4,233
61,647
2023
£
1,071,536|
|---|---|
An analysis of the maturity of loans is given below:
|Amounts falling due within one year on demand:
Bank overdrafts
Baptist Union Corporation Loan within 1 year
Concessionary loans
Amounts falling between one and two years:
Baptist Union Corporation loan 1-2 years
Concessionary loans 1-2 years
Amounts falling due between two and five years:
Baptist Union Corporation loan 2-5 years
Concessionary loans 2-5 years
Amounts falling due in more than five years:
Repayable by instalments:
Baptist Union Corporation loan over 5 years
Concessionary loans over 5 yea rs|2024
£
8,144
1,991
10,000
20,135
2,134
10,000
12,134
7,165
30,000
37,165
965,491
50,000
1,015,491|2023
£
4,622
38,812
10,000
53,434
42,155
10,000
52,155
147,701
30,000
177,701
781,680
60,000
841,680|
|---|---|---|
The Baptist Union Corporation loan is repayable over 20 years at a variable interest rate. The loan is secured on all of the Church's assets and property.
There are two concessionary loans provided in aid of the Broadmead Building project and both are unsecured and interest free.
Page 17
continued...
**BROADMEAD COMMUNITY CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024**
## **17. LOANS - continued**
The £40,000 concessionary loan is repayable on or before 1 December 2028 or within six months of the lender's death.
The £100,000 concessionary loan is repayable in 10 equal instalments annually of £10,000 starting on 1 December 2020.
The bank overdrafts are not actual bank overdrafts but computed balances within the funds, due to unrestricted cash funds being used to support restricted funds waiting on debtor balances to be paid.
Page 18
continued...
**BROADMEAD COMMUNITY CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024**
## **18. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
Reserves (Virgin a/c)
Good Companions Lunch Club
Member Loans Fund
**Restricted funds**
BMAC (Dedicated)
BMAC (Natwest)
TMX (Cash)
Gifts (Natwest)
Bibles Fund (Natwest)
Youth Weekend Away (Natwest)
Dishwasher
Childrens Ministry
Church Warming Party
NBC Youth cafe
NBC Youth grant
Chairs
Kintsugi Hope
Community Pastor & Events
Table Tennis Club
Youth Socials and Residentials
Church Equipment
Kintsugi Youth
WNC Children's Ministry Grant
Women's Conference
Cafe Development
Minister in Training fund
Bloom Start Up
Community Festival & Conversation
Mercy fund
VIN Grant
Welcoming Spaces
**Endowment funds**
Church Centre (previously Church
Premises)
**TOTAL FUNDS**|At 1/1/24
£
3,625
49,542
2,919
15,000
71,086
644
875
128
349
735
400
217
991
754
49
176
109
519
6,788
173
108
4,115
47
65
781
11,250
18
-
-
-
-
-
29,291
1,462,969
1,563,346|Net
movement
in funds
£
95,660
-
1,066
-
96,726
-
(307)
12
374
(535)
-
(217)
(3,600)
(424)
(11)
1,911
(109)
(331)
(4,564)
1,550
(98)
(3,018)
-
(65)
1,263
-
4,375
200
117
814
1,764
904
5
(126,698)
(29,967)|Transfers
between
funds
£
(98,992)
(24,999)
(525)
5,000
(119,516)
-
-
-
-
-
(400)
-
2,609
(330)
-
-
-
-
-
-
400
2,115
-
-
(1,044)
-
-
-
-
-
-
-
3,350
116,166
-|At
31/12/24
£
293
24,543
3,460
20,000
48,296
644
568
140
723
200
-
-
-
-
38
2,087
-
188
2,224
1,723
410
3,212
47
-
1,000
11,250
4,393
200
117
814
1,764
904
32,646
1,452,437
1,533,379|
|---|---|---|---|---|
Page 19
continued...
**BROADMEAD COMMUNITY CHURCH**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024**
## **18. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Good Companions Lunch Club
**Restricted funds**
BMAC (Natwest)
TMX (Cash)
Gifts (Natwest)
Bibles Fund (Natwest)
Dishwasher
Childrens Ministry
Church Warming Party
NBC Youth cafe
NBC Youth grant
Chairs
Kintsugi Hope
Community Pastor & Events
Table Tennis Club
Youth Socials and Residentials
Church Equipment
WNC Children's Ministry Grant
Women's Conference
Minister in Training fund
Bloom Start Up
Community Festival & Conversation
Mercy fund
VIN Grant
Welcoming Spaces
**Endowment funds**
Church Centre (previously Church
Premises)
**TOTAL FUNDS**|Incoming
resources
£
331,081
2,086
333,167
-
348
1,387
-
-
1,000
-
-
2,000
-
45
20,332
1,995
356
1,551
-
2,749
5,094
200
1,233
2,328
1,764
1,500
43,882
1,763
378,812|Resources
Movement
expended
in funds
£
£
(235,421)
95,660
(1,020)
1,066
(236,441)
96,726
(307)
(307)
(336)
12
(1,013)
374
(535)
(535)
(217)
(217)
(4,600)
(3,600)
(424)
(424)
(11)
(11)
(89)
1,911
(109)
(109)
(376)
(331)
(24,896)
(4,564)
(445)
1,550
(454)
(98)
(4,569)
(3,018)
(65)
(65)
(1,486)
1,263
(719)
4,375
-
200
(1,116)
117
(1,514)
814
-
1,764
(596)
904
(43,877)
5
(128,461)
(126,698)
(408,779)
(29,967)|
|---|---|---|
Page 20
continued...
**BROADMEAD COMMUNITY CHURCH**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024**
## **18. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
Reserves (Virgin a/c)
Good Companions Lunch Club
Member Loans Fund
**Restricted funds**
BMAC (Dedicated)
BMAC (Natwest)
TMX (Cash)
Building Fund
Gifts (Natwest)
Bibles Fund (Natwest)
Youth Weekend Away (Natwest)
Dishwasher
Childrens Ministry
Church Warming Party
NBC Youth cafe
NBC Youth grant
Chairs
Kintsugi Hope
Community Pastor & Events
Table Tennis Club
Youth Socials and Residentials
Church Equipment
Kintsugi Youth
WNC Children's Ministry Grant
Women's Conference
Cafe Development
Minister in Training fund
**Endowment funds**
Church Centre (previously Church
Premises)
**TOTAL FUNDS**|At 1/1/23
£
17,068
59,542
932
-
77,542
10,209
1,155
-
165
1,271
185
400
433
991
754
49
645
109
729
2,163
173
-
7,865
47
3,750
309
-
-
31,402
1,473,920
1,582,864|Net
movement
in funds
£
91,807
-
2,087
-
93,894
(4,815)
(280)
128
(165)
(922)
550
-
(216)
-
-
-
(469)
-
(210)
4,625
-
108
(3,750)
-
(3,685)
472
11,250
(385)
2,236
(115,648)
(19,518)|Transfers
between
funds
£
(105,250)
(10,000)
(100)
15,000
(100,350)
(4,750)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
403
(4,347)
104,697
-|At
31/12/23
£
3,625
49,542
2,919
15,000
71,086
644
875
128
-
349
735
400
217
991
754
49
176
109
519
6,788
173
108
4,115
47
65
781
11,250
18
29,291
1,462,969
1,563,346|
|---|---|---|---|---|
Page 21
continued...
**BROADMEAD COMMUNITY CHURCH**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024**
## **18. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Good Companions Lunch Club
**Restricted funds**
BMAC (Dedicated)
BMAC (Natwest)
TMX (Cash)
Building Fund
Gifts (Natwest)
Bibles Fund (Natwest)
Dishwasher
Childrens Ministry
NBC Youth grant
Kintsugi Hope
Community Pastor & Events
Youth Socials and Residentials
Church Equipment
WNC Children's Ministry Grant
Women's Conference
Cafe Development
Minister in Training fund
**Endowment funds**
Church Centre (previously Church
Premises)
**TOTAL FUNDS**|Incoming
resources
£
339,479
2,087
341,566
-
-
439
(165)
1,018
550
-
3,443
-
-
8,681
923
-
1,251
1,412
11,250
2,377
31,179
12,777
385,522|Resources
Movement
expended
in funds
£
£
(247,672)
91,807
-
2,087
(247,672)
93,894
(4,815)
(4,815)
(280)
(280)
(311)
128
-
(165)
(1,940)
(922)
-
550
(216)
(216)
(3,443)
-
(469)
(469)
(210)
(210)
(4,056)
4,625
(815)
108
(3,750)
(3,750)
(4,936)
(3,685)
(940)
472
-
11,250
(2,762)
(385)
(28,943)
2,236
(128,425)
(115,648)
(405,040)
(19,518)|
|---|---|---|
The Church Centre Fund (previously Church Premises Fund) represents the new Church Building.
The BMAC (Dedicated) fund is a seperate account for the running of the "Broadmead Money Advice Centre".
The TMX fund represents the cash used for the running of the "TMX" youth club.
The Building Fund is dedicated to special building projects.
The Youth Weekend Away Fund is solely used to collect monies for youth trips away.
The Children's Ministry Fund is for any income or expenditure allocated to the Children's Ministry.
The Chairs Fund was created early in 2020 to raise moneys for the purchase of new chairs for the church.
Page 22
continued...
**BROADMEAD COMMUNITY CHURCH**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024**
## **18. MOVEMENT IN FUNDS - continued**
The Kintsugi Hope Fund was created for a wellbeing group run by Kintsugi Hope volunteers in partnership with Broadmead. This fund is restricted and used to collect gifts aimed to the running of the group, as well as the cost of materials used.
The Community Pastor & Events Fund is for staffing, equipment and subsistence expenditures relating specifically to the organising and hosting of community-focussed activities provided by the church.
The Table Tennis Club Fund is for equipment and subsistence expenditures relating specifically to a new mid-week club providing social and well-being connections through table-tennis.
Youth Socials and Residentials is for expenditures relating to on- and off-site activities provided by the church for young people.
Church Equipment is for expenditures relating to infrastructure required to host events at the church, eg, audio-visual equipment.
The WNC Children's Ministry Fund was set up to manage a grant awarded to BCC in Dec 2022 which contributes towards the salaries and equipment needed for our work in supporting the physical development of children.
The Good Companions fund is for their running costs . The club is for the elderly and isolated, and includes food, fun, entertainment and trips.
The Women's Conference fund is for the running costs of a 2024 conference called Beloved Women's Conference, and is for the encouragement of women in their Christian faith.
The Bibles Fund is to fund bibles for anyone who needs one.
The Café Development fund is to pay for the café supervisor to expand the café and community work we do.
The Member Loan Fund is to store and track funds for repayment of concessionary loans from members.
The Minister in Training Fund is to track income and expenditure relating to our new Minister in Training staff post.
The Bloom Start Up Grant Fund is to be used to purchase peat-free compost and plant selfsustainable flowers around our building, due to the recent set up of an EcoGroup to explore how the church might become more environmentally friendly.
The Community Festival & Conversation Fund is to keep monies received from Northampton Town Council to help finance community activities run in conjunction with the council.
The Mercy Fund is is to store monies received from donors in response to requests from BCC concerning individuals that require urgent financial support.
The VIN Grant Fund is to cover 08/02/24 to 31/08/24 for Project Management and Community Engagement activities through the Health Equality Grant Fund payments.
The Welcoming Places Fund is to provide Welcoming Spaces within the community and provide support for anyone struggling with the cost of living.
Page 23
continued...
**BROADMEAD COMMUNITY CHURCH**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024**
## **18. MOVEMENT IN FUNDS - continued**
## **Transfers between funds**
The transfer from the General Fund to the Member Loans Fund is due to regular transfers to the dedicated bank account.
The transfer from the Good Companions Lunch Club Fund to the General Fund is due to a contribution towards tea and coffee costs.
The transfer from the BMAC Dedicated Fund to the General Fund is due to a return of donations.
The transfer from the General Fund to the Church Centre Endowment Fund relates to an overspend of the endowment fund.
The transfer from the Youth Weekend Away Fund to the Youth Socials & Residential Fund is to merge the Youth Weekend Away Fund into the Socials & Residential Fund.
The transfer from the Church Warming Party Fund to the Reserves Fund is to reallocate expenditure relating to these funds previously misallocated to general funds.
The transfer from Women's Conference Fund to the Reserves Fund is to reallocate expenditure relating to these funds previously misallocated to general funds.
The transfer from the General Fund to the Church Equipment Fund is due to an overspend of the restricted fund.
The transfer from the General Fund to the Childrens Ministry Fund is due to an overspend of the restricted fund.
The transfer from the Reserves Fund to the General Fund is to ensure the General Fund is not overspent.
## **19. RELATED PARTY DISCLOSURES**
Total donations received without conditions from trustees were £20,680 (2023: £37,580).
The custodian Trustee of the Church is the Baptist Union Corporation Limited which is charity number 249635, and which is controlled by the Baptist Union Council. The church is also a member of the Baptist Union of Great Britain, and the Central Baptist Association.
The Church is in receipt of a loan from the Baptist Union Corporation as set out in note 17.
Page 24
**BROADMEAD COMMUNITY CHURCH**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Gifts
Donations
Gift aid
Other income
**Other trading activities**
Room hire and other trading income
**Investment income**
Deposit account interest
**Charitable activities**
Grants
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Wages
Social security
Pensions
Staff expenses
Manse costs
Church costs
Fellowship
BMAC
Grants to institutions
**Other**
Depreciation of tangible fixed assets
**Support costs**
**Management**
Wages
Fire and security
Telephone
Photocopier
Administration
Bad debts|2024
£
38,296
207,995
46,449
6,276
299,016
45,412
-
34,384
378,812
95,687
2,409
13,085
1,500
31,439
37,277
21,034
-
27,420
229,851
55,312
29,440
2,737
6,026
1,036
5,031
-
44,270|2023
£
22,058
202,181
38,644
5,650
268,533
57,849
49
59,091
385,522
83,933
3,399
11,855
1,308
23,071
32,819
25,546
4,815
23,454
210,200
55,180
42,260
5,046
5,601
1,106
3,953
1,371
59,337|
|---|---|---|
This page does not form part of the statutory financial statements
Page 25
**BROADMEAD COMMUNITY CHURCH**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024**
|**Management**
**Finance**
Bank charges
Third Party Fees
**Loan interest**
Loan
**Governance costs**
Independent examination fee
Accountancy fees payable to Independent
Examiner
Total resources expended
**Net expenditure**|2024
£
946
797
1,743
74,357
1,512
1,734
3,246
408,779
(29,967)|2023
£
1,563
-
1,563
74,323
1,200
3,237
4,437
405,040
(19,518)|
|---|---|---|
This page does not form part of the statutory financial statements
Page 26