Registered Charity No. 1168113
MAIDENBOWER BAPTIST CHURCH FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
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 2024
The trustees have pleasure in presenting their report and the Financial Statements of the Church for the year ended 31 March 2024.
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. We have also supported ministry in places including Albania, Australia, Cyprus, Denmark, Finland, Kenya, Lithuania, Moldova, 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 initiated or sustained, or participated in, a number of community activities.
Page 2
MAIDENBOWER BAPTIST CHURCH
TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 (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, payments exceeded receipts by approximately £17,500 (2023, surplus £11,600). This was on account of asset purchases made in the year, together with higher than usual expenditure on repairs. 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: 11 June 2024
Page 4
MAIDENBOWER BAPTIST CHURCH
RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024
| 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 2024 Funds Funds Total £ £ £ 122,889 21,431 144,320 1,169 - 1,169 124,058 21,431 145,489 378 - 378 138,820 250 139,070 139,198 250 139,448 23,548 - 23,548 162,746 250 162,996 (38,688) 21,181 (17,507) - - - (38,688) 21,181 (17,507) 252,884 85 252,969 214,196 21,266 235,462 |
Unrestricted Restricted 2024 Funds Funds Total £ £ £ 122,889 21,431 144,320 1,169 - 1,169 124,058 21,431 145,489 378 - 378 138,820 250 139,070 139,198 250 139,448 23,548 - 23,548 162,746 250 162,996 (38,688) 21,181 (17,507) - - - (38,688) 21,181 (17,507) 252,884 85 252,969 214,196 21,266 235,462 |
2023 Total £ 140,789 136 140,925 227 128,090 128,317 1,042 129,359 11,566 - 11,566 241,403 252,969 |
|---|---|---|---|---|
| (38,688) - |
||||
| (38,688) 252,884 214,196 |
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 2024
| 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 on11 June 2024 _______ Treasurer |
Unrestricted Restricted 2024 Funds Funds Total £ £ £ 91,348 21,266 112,614 122,848 - 122,848 214,196 21,266 235,462 11,085 - 11,085 225,281 21,266 246,547 Fund General General General 500 - 500 |
2023 Total £ 181,290 71,679 252,969 14,792 267,761 495 |
|---|---|---|
_______ 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 2024
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 7) 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 2024 Funds Funds Total £ £ £ 378 - 378 96,164 - 96,164 20,974 250 21,224 19,186 - 19,186 2,001 - 2,001 - - 495 - 495 138,820 250 139,070 825 - 825 2,538 - 2,538 11,150 250 11,400 - - - 4,081 - 4,081 677 - 677 1,703 - 1,703 20,974 250 21,224 |
2023 Total £ 227 85,013 29,467 9,848 2,429 858 475 128,090 3,504 4,025 15,860 3,427 537 701 1,413 29,467 |
|---|---|---|
Page 7
MAIDENBOWER BAPTIST CHURCH
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 (Cont.)
| 5. Property Expenses Light & Heat Water rates Insurance Repairs & Maintenance 6. Administration Expenses Telephone & internet costs Office & administration 7. Employee information Gross wages & salaries Employers' National Insurance Pension scheme payments Employees' travel expenses Employees' other expenses |
Unrestricted Restricted Funds Funds £ £ 3,184 - 262 - 88 - 15,652 - 19,186 - 1,116 - 885 - 2,001 - 80,554 - 1,682 - 5,995 - 5,932 - 2,001 - 96,164 - |
2024 Total £ 3,184 262 88 15,652 19,186 1,116 885 2,001 80,554 1,682 5,995 5,932 2,001 96,164 |
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 |
|---|---|---|---|
The average number of persons employed during the year was 2 (2023: 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 S Chammo - Sweden Church Member Marinduque Land Fund Gospel Endeavours |
Brought Forward 85 - - - |
Received - 250 20,125 1,056 |
Paid - (250) - - (250) |
Transfers - - - - - |
Carried Forward 85 - 20,125 1,056 21,266 |
|
|---|---|---|---|---|---|---|
| 85 | 21,431 |
Registered Charity No. 1168113
MAIDENBOWER BAPTIST CHURCH FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
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 2024
The trustees have pleasure in presenting their report and the Financial Statements of the Church for the year ended 31 March 2024.
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. We have also supported ministry in places including Albania, Australia, Cyprus, Denmark, Finland, Kenya, Lithuania, Moldova, 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 initiated or sustained, or participated in, a number of community activities.
Page 2
MAIDENBOWER BAPTIST CHURCH
TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 (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, payments exceeded receipts by approximately £17,500 (2023, surplus £11,600). This was on account of asset purchases made in the year, together with higher than usual expenditure on repairs. 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: 11 June 2024