Registered Charity No. 1168113 **MAIDENBOWER BAPTIST CHURCH FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** Contents: Page 1 - 2 Trustees Report Page 3 Independent Examiners Report Page 4 Receipts & Payments Account Page 5 Statement of Assets and Liabilities Page 6 - 7 Notes to the Accounts David Cooke & Co Chartered Accountants 5 Briar Close Banbury Oxon OX16 9DS Page 1 ## **MAIDENBOWER BAPTIST CHURCH** ## **TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2023** The trustees have pleasure in presenting their report and the Financial Statements of the Church for the year ended 31 March 2023. ## **Reference and Administrative Details** The Church is a registered Charity no. 1168113. The church address is: Maidenbower Baptist Church, Maidenbower Square, Crawley, RH10 7QH. The charity trustees for the purpose of these accounts comprise the officers of the Church. The Church officers during the year were as follows: Pastor Jeremy R Walker Mr Michael D Finn (Deacon) Mr Timothy R Norton (Deacon) ## **Objectives and Activities** Maidenbower Baptist Church exists for the advancement of the Christian faith according to Baptist principles and in accordance with the Basis of Faith as stated in Schedule 1 of our legal Constitution. Maidenbower Baptist Church may also carry out other charitable purposes in the United Kingdom and/or other parts of the world. Acting with due regard to the guidance issued by the Charity Commission on public benefit, Maidenbower Baptist Church has set out to glorify the God of the Scriptures in promoting his worship, evangelising non-Christians, encouraging Christians, hosting conferences, providing audio-video messages, serving and strengthening this and other churches, and showing benevolence to the needy. ## **Structure, Governance and Management** Maidenbower Baptist Church is constituted as a church, governed as a church by its Spiritual Constitution and as a charity by its legal Constitution. Its trustees are elected by the church as a whole. The trustees meet regularly in order to conduct the day to day business of the charity, and have two formal trustees’ meetings annually, and as required for any other significant issues. ## **Achievements and Performance** During the year in question, Maidenbower Baptist Church has maintained a regular schedule of preaching and teaching of the Bible to people of all ages and backgrounds in, around and beyond our immediate sphere. This includes Crawley more widely, various places around the United Kingdom, and overseas. Under the circumstances of the past year, some of this has been remotely (online provision), but increasingly in person. We have also supported ministry in places including Albania, Cyprus, Denmark, Ethiopia, Finland, Kenya, the Netherlands, the Philippines, Romania, Sweden, the United States, and Zambia, both financially and in providing counsel and encouragement in these and other places. A variety of benevolent investments have been made within and around the immediate congregation of the church, and the members of the church have been often engaged in ministering both in word and deed to friends, neighbours, and others in need in Crawley and beyond. We have both initiated or sustained, or participated in, a number of community activities. Page 2 ## **MAIDENBOWER BAPTIST CHURCH** ## **TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2023 (Cont.)** ## **Achievements and Performance (continued)** In carrying out its activities in the year under review, the trustees have had regard to the public benefit guidance issued by the Charity Commission and are satisfied that the activities mentioned above have all been for the public benefit. ## **Financial Review** Funds are used to pay a pastor’s salary and a former pastor’s pension, to maintain the church premises in a state fit for purpose, to support other churches and missionaries, to provide benevolence, and to fund various other projects as appropriate. Maidenbower Baptist Church maintains a reserve principally against critical material need in this or other churches in this or other countries, unexpected failure of or need regarding the fabric of our premises, and the provision of gospel ministry (especially the financial support of additional preachers) in this or other congregations. The principal source of Maidenbower Baptist Church’s funds is the voluntary giving of church members and other friends. During the year under review, receipts exceeded payments by approximately £11,600 (2022, surplus £26,500). All funds are disbursed in accordance with biblical principles of charity and integrity. The trustees consider that the state of affairs of the charity is satisfactory. On behalf of the Pastor & Deacons Trustee Date: 8 June 2023 Page 4 ## **MAIDENBOWER BAPTIST CHURCH** ## **RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023** |**Receipts**
Voluntary income
Investment income
**Total receipts**
**Payments**
Cost of Generating Funds
Charitable Activities
Asset purchases
Total payments
**Net receipts**
Transfers between Funds
**Cash Funds brought forward**
**Cash Funds carried forward**|Note
2
3|Unrestricted
Restricted
**2023**
Funds
Funds
**Total**
£
£
**£**
140,034
755
**140,789**
136
-
**136**
140,170
755
**140,925**
227
-
**227**
125,040
3,050
**128,090**
125,267
3,050
**128,317**
1,042
-
**1,042**
126,309
3,050
**129,359**
13,861
(2,295)
**11,566**
(1,960)
1,960
**-**
11,901
(335)
**11,566**
240,983
420
**241,403**
252,884
85
**252,969**|Unrestricted
Restricted
**2023**
Funds
Funds
**Total**
£
£
**£**
140,034
755
**140,789**
136
-
**136**
140,170
755
**140,925**
227
-
**227**
125,040
3,050
**128,090**
125,267
3,050
**128,317**
1,042
-
**1,042**
126,309
3,050
**129,359**
13,861
(2,295)
**11,566**
(1,960)
1,960
**-**
11,901
(335)
**11,566**
240,983
420
**241,403**
252,884
85
**252,969**|2022
Total
**£**
139,976
7
139,983
201
106,419
106,620
6,836
113,456
26,527
-
26,527
214,876
241,403| |---|---|---|---|---| ||||13,861
(1,960)|| ||||11,901
240,983
252,884|| The notes on pages 6 and 7 form part of these financial statements. Page 5 ## **MAIDENBOWER BAPTIST CHURCH** ## **STATEMENT OF ASSETS AND LIABILITIES AS AT 31 MARCH 2023** |**Assets**
Cash Funds
Treasurers Account
Instant Access Account
Debtors
Gift Aid Tax Reclaim
**Assets retained for charity's own use**
Freehold property
Furniture & Equipment
Electronic/computer equipment
**Liabilities**
Due within one year
Approved on 8 June 2023
_______________________________
Treasurer|Unrestricted
Restricted
**2023**
Funds
Funds
**Total**
£
£
**£**
181,205
85
**181,290**
71,679
-
**71,679**
252,884
85
**252,969**
14,792
-
**14,792**
267,676
85
**267,761**
**Fund**
General
General
General
495
-
**495**|2022
Total
**£**
169,860
71,543
241,403
17,145
258,548
475| |---|---|---| _______________________________ Elder The notes on pages 6 and 7 form part of these financial statements. Page 6 ## **MAIDENBOWER BAPTIST CHURCH** ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023** ## **1. Accounting Policies** The following accounting policies have been used consistently in dealing with items which are considered material in relation to the Church's Financial Statements. ## (a) Accounting Convention. The Financial Statements are prepared under the Historical Cost Convention. Because the Church's income is under £250,000 the accounts are now prepared on a Receipts and Payments basis, to avoid the need to comply with the Charities SORP (FRS102). ## (b) Income. Donations represent cash received during the year, including tax repayments received. Charitable Activities Income comprises the sale of Christian books and other materials. Investment income comprises interest received from money in deposit accounts. ## (c) Expenditure The cost of generating funds are costs incurred in promoting the Church and its work. Charitable Activities Expenditure comprises all expenditure directly related to the Church's objects. |**2. Costs of Generating Funds**
Printing & internet costs
**3. Charitable Activities**
Staff costs (note 8)
Other Ministry & Missions (note 4)
Property Expenses (note 5)
Administration expenses (note 6)
Legal fees
Governance costs
**4. Other Ministry and Missions**
Conference costs & Hospitality
Other preachers
Missionary & Relief gifts
Ministry training costs
Evangelistic expenses & conferences
Sermon Audio
Diaconal fund|Unrestricted
Restricted
**2023**
Funds
Funds
**Total**
£
£
**£**
227
-
**227**
85,013
-
**85,013**
26,417
3,050
**29,467**
9,848
-
**9,848**
2,429
-
**2,429**
858
-
**858**
475
-
**475**
125,040
3,050
**128,090**
3,504
-
**3,504**
4,025
-
**4,025**
12,810
3,050
**15,860**
3,427
-
**3,427**
537
-
**537**
701
-
**701**
1,413
-
**1,413**
26,417
3,050
**29,467**|2022
Total
**£**
201
78,450
19,575
6,134
1,810
-
450
106,419
296
4,096
12,754
-
713
443
1,273
19,575| |---|---|---| Page 7 ## **MAIDENBOWER BAPTIST CHURCH** ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 (Cont.)** |**5. Property Expenses**
Light & Heat
Water rates
Insurance
Repairs & Maintenance
Office equipment
**6. Administration Expenses**
Telephone & internet costs
Office & administration
**8. Employee information**
Gross wages & salaries
Employers' National Insurance
Pension scheme payments
Employees' travel expenses
Employes' other expenses|Unrestricted
Restricted
Funds
Funds
£
£
2,758
-
158
-
1,606
-
5,326
-
-
-
9,848
-
2,068
-
361
-
2,429
-
72,565
-
1,345
-
4,505
-
3,869
-
2,729
-
85,013
-|**2023**
**Total**
**£**
**2,758**
**158**
**1,606**
**5,326**
**-**
**9,848**
**2,068**
**361**
**2,429**
**72,565**
**1,345**
**4,505**
**3,869**
**2,729**
**85,013**|2022
Total
**£**
2,145
142
712
3,095
40
6,134
982
828
1,810
66,409
2,723
4,357
3,128
1,833
78,450| |---|---|---|---| The average number of persons employed during the year was 2 (2022: 2). No employee received remuneration in excess of £60,000 p.a. No trustee received any remuneration or expenses, apart from Mr Jeremy Walker for his work as pastor of the church, whose remuneration is included in the figures above. |**9.**|**Restricted Funds**|Brought|Carried| |---|---|---|---| |||Forward|Received
Paid
Transfers
Forward| Page 3 I report on the accounts of the Church for the year ended 31 March 2023. which are set out on pages 4 to7. Respertive responsibilities of trustees and independent examiner The church's trustees are responsible for the preparation of the accounts. The trustees consider that an audlt is not requlred for this year (under section 44[2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is neede(L It is my responsibility to: Examine the accounts under section 145 ofthe 2011 A To follow the procedures laid down in the General Directions given by the Charity Commissioners under section 145 (5) (b) of the 2011 Act- and I'o state whether particular matters have come to my attention. Basls of Independent examlner's report My examination was carried out in accordance with the General Directions given by the Charity Commissioner& An examination includes a review ofthe accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concernlng any such matters. The procedures undertaken do not provlde all the evldence that would be required in an audit, and consequently no opinion is Biven as to whether rhe accounts present a 'true and falr, view and the report is limlted to those matters set out In the statement below. Independent examlner's statement I have completed my examination. I confirn) that no material matters have come to my attentlon In connection with the examination which give me cause to believe tha( in any material respect the accounting records were not kept in accordance with sertion 130 ofthe Charities Art,. or the accounts did not accord with the attountsng records,. or the accounts did Dot comply with the applicable requirements concerning the fom and content OF accounts Set out in the Charitie5 (Accounts and Reports) Regulation5 2008 otherthan any requirement that the accounts give a'true and fairf 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 re￿)rt in order to enable a proper understanding of the accounts to be reached. Davffidc￿ke MA (Oxon) FCA FCIE David Cooke and Co. Chartered Accountants S Briar Close, Banbury, Oxon. OX16 9DS Date: 0810612023