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