REGISTERED CHARITY NUMBER.. 1140738 REPORTOF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 FOR BROAD HAVEN BAPTIST CHURCH evan 6uckland LLP Chartered Accountants 45 High Street Haverfordwest P$tnbrokeshire SA6128P
BROAD HAVEN BAPTIST CHURCH CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Page Report of the Trustees Independent Examinerfs Report Statement of Flnanclal Activlties Statement of Flnancial Posltion Not•s to the Flnanclal Statsments 7 to 11 Detailed Statement of Flnancial Actlvlties 12
BROAD HAVEN BAPTIST CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees present their report with the financi81 statements of the Charity for the year ended 31 Oecember2023. The tnjstees have adopted the provisions of Accounting and Repo.ng by Charities.. Statement of Recommended Practice pplicable to charities preparing their accounts in accordance with the Financial Reporting Slandarrj applicable in the UK and Rèpublic of Ireland IFRS 1021 leffective 1 January 20191. OBJECTIVES AND ACTIVITIES Objectives and aims The principal purpose of the charity is to advance the Christian faith, aecording to the principles of the Baptist denomination, including the advancement of education, communty servicè and other such general charitable purposes in the United Kingdom and th8 worfd, as detemiined by the Church. In order to achieve this principal oblective, the Church provides a variety of activities both lo (ts membership and to the community generally. The airn is to demonstrate the love of God in words and actions. Central to the work of the Church is the provision of regular Services of Christian worship. These take place in the Chapel on a Sunday morning las adverb'sed outside the church, on the intem818nd the local Community Diary), and streaming to Zoom for thosè who are unable to be physically present owing to ill health. Sunday moming services include speCfiC provision for children and young people in age appropri8le groups. The Church is commitied to being welcoming and friendly towards all members of the community and to that end holds a once a month 'Haven Sunday. Servi which is modelled on our wellbelng space (see below). For the growth of faith 8nd discipltrship, the Church holds a number of small groups, nornially in the hornes of members. A group for secondary school aged children which inoludes young people frotn other land nol churches has continued tts meeton Friday aftemoons in Haverfordwest. In order to enable the fulfilmont of the ¢harity's principal objectives, members are encouraged to volunteer their gifts, abilities and lime. They duly share in the activities of the Church, alongside the Minister, in activities such os leading public worship and 5rnall groups, children's work, pastoral care, mission, and maintaining the property of the Church in whi¢h meetings are h8ld land graveyard), The Church is also responsible for Thè Help Charity Shop in a nearby vill8ge which is staffed by volunteèrs from the church and local corllmunity and which generates money ft>r charitabl$ causes in the United Kingdom and abroad. Th& Help Charity Shop also provides a valuable 'meeling placo, for its neighbourhood, especially for those who ar8 vulnerable. The Haven, a weekly aftemoon wellbeing café in the chapel (run In associats'on with n2tional ¢harity Rengw Wellb8ingl has continued to operate in 2023. Thls offers a space where it Is'ok not to be ok.. All activities of the Church operate in line with Safeguarding Policies and PrOCeduS including the requirement that all who work w*th children and vulller8ble adults are appropriately vetted wth regard to the OisclosLtre and Barring Service. In addition, the chUh is actNely involved in considering its rasponse to issues such as racism, the climate crisis, and other justice issues (including being a Fairtrade Church). This is in line wlh our commitment lo being welcoming to all and taking sertously a responsibility to accompany that commitment action. The trustees have Tead the Charity Commission guidan¢8 on publle benefit, and are satisfied that tho advsbes outsined abova cl8arty demonstrate that the charity is providing a benefit lo the public. ACHIEVEMENT AND PERFORMANCE Achievements and performance The Church dtsès not measure the success of ils programmes only in numbers, including finanei81 numbers, but also in less tangible areas like fellowship and encouragement. The Trustees recognise that these are difficult to rneasurts, bul believe Ih8t 2023 was a positive year in the life of the ¢hurch. During the year soverdl new families began to loin us Dn SL)ndays. One committed mernbgr died, and contact continued with a large number of ogulars who are not formally members, bul are considered part of the Church. Numbers remained steady on Sundays and Iruslees were encouraged by the ways in which the Church had continued to sustain worship and support of each other and the community. Vacancies remained on the Trustee Board and recruitment eiforts continued. Community engagement continu8(J throughout the year. especially through The Haven and the Help Charity Shop. The Remembranco Service lin collabor8tion with Broad Haven School), Candlelit Carols and the Stable Trail continued lo be well supported. The Church garden is no longer usèd by the Playgroup meeting in thts adjoining Village Hall who have moved lo new premises bul the garden remains open to all in the community. In addition, the Playgroup has continued lo make use of thts chapel buildiw for special oc¢asions such as Christmas and to support the devtslopment of the children through learning about the work of ltte chap¢l and Christian festivals. In April a collaborative expressive arts and justice project was held with the local primary school (Letters for CatiOn1. which involved an exhibition,. visits from the local MP and other community stak8holders,' alld worf( with children in school. For the first lime in many years, a three day holiday Glub was held during the sumrn@r holidays, with around twenty children from the local comrnunity coming lo the Church for a variety of activities. Page I
BROAD HAVEN BAPTIST CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OECEMBER 2023 FINANCIAL REVIEW Flnancial review The Church continues to raise the funds which it needs to carry on Its actwities from wthin its own membèrship and congregation. No wider public appeal wa5 made for funds for the Church during the year. The most slgnificant expense relates to the Cost of paying and housing the minister. tc> enabl8 her to lead and Co-ordinate the Church's activities, including the Sunday Servic85', provide pastoral care foT the congregation and community", and equip and encourdge the m8mb8rshlp in their life, Christian witness and seNlce. The Church also express&d its part in the lrfe of thg wder church by making gr3nts to nab.onal and intsrnational Christian organisations and societies with Christian aims and objectives compatible with the Church's own charitable purpose. The Church is heavily dependent on its memb8rship wort(ing as volunteers in all aspects of the Church's acti¥es. mBny of which rk5ll With littl@ or no impact on the Church's expenditure, but n6Vertheless contribLrte substsntsally to tha achiev8rn8nt of th& Church's objectives. The finanoial results for the year, together with a summary of the a¢¢ounting policies adopted are sgt In the accompanying finan¢lal Ststements. There w8$ a surplus for the year of £8,18712022 doficit £7,359), The charity is reliant upon the support of the Chur¢h memb8rs and ¢onlinued donations without which li would be unable lo continue in existence. Reserves policy The Trustees have established a Reserves Policy to enable the Church to function effecttvgly and meet ils oblig8lions in the event of a dtr¢line in okjr income or a major cosL This is currently set at the reténtion of al least 150A of ils ass8ls as a reserve. Golng concem The Church has been impacted in Its abllity to function due to Covid, but has continued lo welcorne n8w rnernbers. The Trustees believe tral the ¢harlty is in a position to wntlnue for the for8seeable future due to the reserves held and believe that preparation of the accounts on a going concern basis is appropriate. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document Broad Haven Baptist Church was registered as a charity on 8th March 2011 with the Charity Commission for England and Wales. It is govemed by an AppToved Goveming Docurn8nt in the form of rts constitution which was adopted on 30th June 2010 and amended on 4th Mar¢h 2015. The Members Meeting takes place four lirnes a year. and Trustees Ideaconsl meet monthly. The practice ofthe church is that relevaril matters may be submitted to the Church Meeting by the Tnjstees for guidance. or may be raised by members in Church meeting lor through oorrèspondencel for further consideratlon by the Trustees. Though the Constitution pemiits decisions to be made al Churth mgetings by appropriBte malorftle$, the Church seeks to work by ¢ons8nsus wherever possible. Recruitment and appolntmtnt of new trustees Trustees are elected by the membership of the Church in Ilne wlh the reqU1mnts of the goveming (5ocument. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charlty number 1140738 Prlnclpal addr#$s clo Mr Matthew Giles 5 Picton Home Farrn Bams The Rhos Haverfordwest Pembrokeshire SA62 4AS Trust•es F Mau11 R Abadionj H Dare L Harries (resigned 18.4.231 M Giles Y Pusey Page 2
8ROAO HAVEN BAPTIST CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER2023 REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner B8van 8uckl8nd LLP Chartered Accountsnts 45 High Street H8verfor(Jwesl Pefflbrokeshire SA61 2BP Approv8d by order of the board of Iruslees on and signed on its behalf by.. M Giles- Tre surer nd Trust88 Pagg 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BROAD HAVEN BAPTIST CHURCH Independent examinerfs report to the trustees of Broad Haven Baptist Church I report lo the chsrity trustges on tny gxarnination of the accounts of Broad Haven Baptist Church (the Trust) for the y&8r ended 31 Decernber 2023. Responsibilities and basis of report As the charity trustees of tho Trust you arè responsible for ihe preparation of the accounts in aCCoance wth the r8quiremgnts of the Ch8ritiÈs Aet 2011 Ilhè Act'l. I report in respect of my 8xaTnin8lion of th8 Trust's accounts carried out under Section 145 of the Act and In Carrn9 out my examination I have followed all appli¢able Directions given by the Charity Commission under Section 1451Sllbl of the Act. Independent examiner'5 statement I have completed my examination. I confirrn that no material matters have come to my attention in connection wAth the examination giving mg caustr lo believe that In any material spect.. accounting records were not kopt in resp8Ct of the Trust as required by Section 130 of the Act. or the accounts do not acoorcf with th0 reeords". or the acnts do not wmply with the applicable requirements concerning the fomi and content of accounts set out in the Chariti85 IAccounts and Reports) Regulation5 2008 other than any requirement that the aecoullts give a true and fair view which is not 8 matter conSided as part of an independent examination. I have no concems and have com8 across no other matters in connectlon wth the examination to which attention should be drawn in this report in order lo en8ble a proper understanding of the accounts tr) be reached. Alun Evans FCA Bevan 8uckland LLP Charted Accountants 45 High Street Hav8rfordwest PetHbrokeshire SA61 2BP Date.. ..... Page 4
BROAD HAVEN BAPTIST CHURCH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 2023 Totsl funds 2022 Total funds Unrestricted fund Reslricled fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 57,280 57,280 45.653 Other trading activib'e$ Inv8strn8nl income 38,874 1,137 38,874 1,137 28,884 109 Total 97,2g1 97,291 74,646 EXPENDITURE ON Raising funds 3,584 3.584 5,0 Charitabl¢ activitie$ General 82.938 82,938 74.404 Other 2.441 141 2,582 2,505 Tolal 88,g63 141 89,104 82,005 NET INCOMEIIEXPENDfTUREI 8,328 11411 8,187 17,3591 RECONCILIATION OF FUNDS Total fijnds brought forward 108,111 5,260 113,371 120,730 TOTAL FUNDS CARRIED FORWARD 116.439 5,119 121,558 113,371 The notes form part of these financial statements Pag& 5
BROAD HAVEN BAPTIST CHURCH STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2023 2023 Total fvnds 2022 Totsl funds Unrestricted fund Restricted fund Notes FIXED ASSETS Tangible assets 70,718 5.119 75.837 77,896 URRENT ASSETS Dèbtors Cash 8t bank 2,773 45,016 2,773 45,016 1,954 35.390 47,789 47,789 37,344 CREDITORS Amounts falling due within one year 12,0681 {2,0681 11,8691 NET CURRENT ASSETS 45,721 45,721 35,475 TOTAL ASSETS LESS CURRENT LIABILITIES 116,439 5,119 121,558 113,371 NET ASSETS 116.439 5,119 121,558 113,371 FUNDS Unrestricted funds Restricted funds 10 116,439 5,119 108,111 5,260 TOTAL FUNDS 121.558 113,371 The fi n¢itil staternents were approved by the Board of Tnjstees and authorised for issue on . and were signèd on its behalf by.. M Giles- urer and Trustse The notes fomi part of the$9 finandal statements Page 6
BROAD HAVEN BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the Gharity, which 1$ 8 public benefit entity under FRS 102. have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Slal8menl of Recommended Practice applicable to charities preparing their accounts in accord8nce with the Financial Reporting Standard applicable in Ihe UK and RepLJblic of Ilarnd IFRS 1021 (èffective 1 January 20191,, Financi81 Reporting Stsndard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and tho Charities Act 2011. The financial siatemen18 have been prepared under the historical cost convention. Incorne All income is recognised in the Stat8rn8nl of Financial Aeb"vi1188 once the Charity has ènlitlemenl to the funds, il is probable that the in¢ome will be re¢eived and the amount Can be measur8d reliably. Expendlture Liabilities a recognised as expenditure as soon as there is a legal or constmclwe oblig81ion committing the Charity to that expenditure, it is probable that a Iransf8r of economie benefits will b8 required in settl8m8nl and the amount of the obligation can be measured r81iabty. Expenditur8 is accoLJnled for on 8n accruals basis and has been classified under headings that aggregate all cost related to the eategory. Where costs cannot b& directly attributed to parti¢ular headings they hsve been allocated to activities on a basis consistent with Ihe u58 of resources. Tangible fixed ass8ts Depreciation is provided at the followng annual rates In order to write off 6ach asset over ils estimated useful life. Freehold property on cost Improvements lo property on cost Cornputer equipment 25% on co* Taxatlon The charfty is exernpt from lax on its charitable a¢livitie5. Fund aeeounting Unrestrictsd funds can be used in accordance wth the charitable objectives at the discreb.on of the trustees. Restricted funds can only be used for particular restricted purposes wthin the ObltS of the charity. Restrictions arise when speclfled by the donor or when funds are rais6d for particular rgstricted prpoSeS. Further explanation of ihe nature and purpose of e8ch fund is include(J in the notes lo the flnancial statèments. OTHER TRADING ACTIVITIES 2023 2022 Shop sales Grants 37,509 28,884 38.874 28,884 INVESTMENT INCOME 2023 2022 D$posil account Intertrst 109 Page 7 conbnued...
BROAD HAVEN BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS- continuèd FOR THE YEAR ENDEO 31 DECEMBER 2023 TRUSTEES. REMUNERATION AND BENEFITS The only rernunerab.on paid to tnjstees during th8 yoar was ministerial stipends lo Revd H Dare in relation to duties lo the Church. These totalled £13.25012022 £12,3751. Pension contributions totalling £1,682 were paid for Revd H Dar612022- £1,562). Tru$t•èS' gxp*ns•s The only Iruslee5 expenses paid were Ministerial exp8ns&s. These amounled to £Nil for the year ended 31 December 2023 and £477 for the year ended 31 Decembtrr 2022. STAFF COSTS The average monthly number of employees during the year wa$ as follows.. 2023 2022 Siaff No ernployees recewed emolumenis in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES UnrestrEcted fund Restricted fund Totsl ft5nds INCOME AND ENDOWMENTS FROM Oonalions and legacies 45.653 45,653 Other trading activities Inveslrnenl income 28,884 109 28.884 109 Total 74,646 EXPENDITURE ON Raising funds 5.096 5.096 Charltable actlvities General 74,404 74,404 Other 2,364 141 Totsl 81,864 141 82.005 NET INCOMEIIEXPENDITUREI 17,2181 1141} 17,3591 RECONCILIATION OF FUNDS Totsl funds brought foard 115,329 5.401 120,730 TOTAL FUNDS CARRIED FORWARD 108,111 5,260 113,371 Page 8 ¢onlinued...
BROAD HAVEN BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 DECEMBER 2023 TANGIBLE FIXED ASSETS Improvernents Freehold property Computer equipment propety Totsls COST Al 1 January 2023 Additions 59,950 38,339 1,797 329 100,086 329 At 31 December 2023 59,950 38,339 2,126 100,415 DEPRECIATION At 1 January 2023 Charge for year 13,178 1.198 8,026 766 986 424 22,190 2,388 At 31 December 2023 14,376 8.792 24,578 NET BOOK VALUE At 31 De¢8mber 2023 45,574 29,547 716 75,837 Al 31 December 2022 30,313 811 77,896 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Debtors 1,954 CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Suppliers Taxation and 80cial securfty Other creditors 1.125 900 135 834 936 2,068 MOVEMENTIN FUNDS Net movement In fvnds At 31.12.23 At1.1.23 Unrestrlcted funds General fund 108,111 8.328 116,439 Restricted funds Restricted 5,260 11411 5.119 TOTAL FUNOS 113,371 8,187 121,558 Page 9 continued...
BROAD HAVEN BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS . contlnued FOR THE YEAR ENDED 31 DECEMBER 2023 10. MOVEMENT IN FUNDS. contlnued Net rnovement in funds, included in the above are as foll¢)ws'. In¢oming resources Resource$ expended Movement in funds Unrestricted fvnds General fund 97,291 188,9631 8,328 Restricted fvnds R881rided 11411 11411 TOTAL FUNDS 97,291 89,1041 8,187 Comparatlves for movement In funds Nel movernenl in funds At 31.12.22 At1.1.22 Unrestrlcted fvnds General fvnd 115,329 17,218} 108,111 Restrlcted funds Restricted 5.401 1141} 5,260 TOTAL FUNDS 120,730 113 371 Compardtive nel movement in fvnds, included in the above arts as follows.. Irhcoming Tesources Resour¢es expended Movement in funds Unrestricted funds General fund 74,646 181,8641 17.2181 R•stricted funds Restricted {1411 11411 TOTAL FUNDS 74.646 82 0051 A current year 12 months and prfor year 12 months combined position is as follows.. Net movemonl in ILJnd5 At 31.12.23 A11.1.22 Unrestrictèd funds Gen8ral fvnd 115,329 1,110 116,439 Restricted funds Restricted 5,401 {2821 5.119 TOTAL FUNDS 120,730 828 121,558 Page 10 continued...
BROAD HAVEN BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2023 10. MOVEMENT IN FUNDS- contlnuod A current yaar 12 months and prior year 12 months combined ntsl movement in funds. included in the above are 88 follows". Incoming resources Resources expended Movemènt in funds Unrestricted fvnds General fund 171.937 1170.8271 1,110 Restricted fvnds Restricted 12821 12821 TOTAL FUNDS 171,937 1171.1091 828 11. RELATED PARTY DISCLOSURES There were no related party transactions forthe year end8d 31 Dember 2023. Page 11
BROAD HAVEN BAPTIST CHURCH DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 INCOME AND ENDOWMENTS Donations and legaciès Gifts Donations and collections Gift 8i(J Appeals Activity in¢om& Ground r8llt 46,073 9,576 1,381 250 38,439 7.203 10 57,280 45,653 Other tradlng actlvltles Shop sales Grants 37,609 1,365 28,884 38,874 28,884 Invèstmènt income Deposit account interest 109 Total Incoming resour¢•$ 97,291 74.646 EXPENDITURE Raising donations and l¢ga¢io$ Shop runniry oosts 3,584 5,096 Charttable actlvlties Donations and giving Activities Barvels running Costs Minister employment Gosls Subscriptions Other church running expense8 Treasurers discretionary fund 43,742 3,662 9,173 15,255 2,456 5,106 2,500 40,304 1,333 10,414 15,791 997 4,678 81,894 73,517 other Freehold property Improvements lo property Compuler equipment Bank charges 1,198 766 424 194 1,057 907 342 199 2,582 2,505 Support costs Management Professional fees 1,044 887 Totsl reSoUS expended 89,104 Net incomellexpenditur¢l 8,187 This page does not form part of the stalulory financial stalernents Page 12
BROADHAVEN BAPTIST CHURCH SUPPLIMENTARY PAGE TO THE DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Donations and Giving BMS World Mission BMS World Mission BUG Home Mission Other churGh donations Charity shop donations 150 3,000 3.000 6,958 30,634 1.000 3,000 3.000 2,704 30,600 43,742 40,304 Activities Christmas and local outreach Catering Signage and printing Pastoral care SLAM- Youth Ministry The Haven Visiting speakers Minister expenses 560 142 94 45 1.890 217 714 232 313 311 477 3.662 1,333 Barvels Running Costs Rent Broadband Council lax Insurance Repairs and maintenance Water rates 5,760 340 2,041 154 280 598 6,720 407 1.907 132 602 9,173 10,414 Minister Employment Costs Salary Pension Gosts Training 13.508 1,682 65 11.987 3,754 50 15,255 15.791 Subscrlptions Baptist Union of Wales Baptist Union of GB Pernbrokeshire Baptist Association South Wales Baptist Association Evangelical Alliance Haverfordwest Free Church 1,388 394 324 255 90 357 220 325 90 2,456 997 This page does not form part of the slalulory financial statements Page -13
BROADHAVEN BAPTIST CHURCH SUPPLIMENTARY PAGE TO THE DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Other Church Running Costs Heal and light Rent- Village Hall Pension deficit conlribulion Signage and printing Insurance Gardening Repairs and maintenance Telephone and broadband Licencing Miscellaneous 1.522 696 12 94 1,150 130 86 308 853 255 908 503 1,196 425 134 337 881 5,106 4,678 This page does not form part of the statutory financial statements Page-14
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