CHARITY REGISTRATION NUMBER.. 1 t8Y042 Warley Baptist Church Unaudited Financial Statements 31 December 2023 so Chartered acc'ounlaMIs 38 Swallowtield Courtyard Wolverharnplon Road Oldbury Wesl Midlands B69 2JG
Warley Baptist Church Financlal Statements Year ended 31 December 2023 Pages Trustees. annual report Independent examiner's report lo thg trusloos Slalement of financial activities 1103 Stalement of financial position Noles to the financial statements 7t014
Warley Baptist Church Trustees, Annual Report Year ended 31 December 2023 Thé truste88 present their report and the unaudit8d tinancial stalgments ol the thafity loi the year ended 31 Dccgmber 2023. Relerènc8 and adm1n1s1riv¢ detslls Reglstered ¢h4rfty name Warlgy Baptist Church Chxrlty reglstratlon nLtrmber 1187042 Prlnclpal Dlll¢• Castle Rtsad East 01(Jbury Wgst Mldlands B889 Thg truste&s RÈV Dr R Sokolow51( Rev V Sokolowski G Shepherd C A GOrn T Bate P Shepherd IAdrninlstradonl M Thomas-Hind5 ITre&*urerl A Ferguson C Hall K D Yeoinans EJTite (Appointed 21 January 20231 IAppointed 21 January 20271 IR85i9ned 28 June 20231 Independgnt gxamlner Phlllppa Miller-Hawkes BA CA 3B Swallowtlttld Ctsurtyard Wolverhampton Road Oldbury West MKllands B69 2JG structure, govèrrbanco and m8nagèment The Ghurch Is con5tituled by trust as a Charitab18 Incoiporated Organisation ICIOI regi8ter8d on th 18th Dec8Tnbpr 2019. Thè trustees shown atKbve constitut8 the bDiird ol gov&rnance ol Ihe charity and exerclse their gov8rnance Ihruugh monthly truste8 rneelings. Day to day managgrnont of the ¢harity 15 parformgd by the Trustees. On 9 February 2a23 th8 Charity received all funds from their prewously unin¢orpDr8t8d charity. There must be at teast 4 Trustees appolntsd (excluding Mlnlsters ol lh8 Ghurchl. The appointment ol Truslees sh1 bp undertaken by processes that are publ1¢, clear and open s() Ih&t dl Church Members are ènabled to conslder prayerfully who should be apFOintod as Charity T¥ust8es. The processas shall 8nsure Iliat notlC8 Ss glven ol any lorthfjtsming el8ction so that Ghufch M8rnb815 may freely nominate prospectivÉ Charity Trusl8e5 whoso nam8s Shall be submitted (alter they have indi¢alBd a willingn8S8 to bè appointodl fDr decision to the Church Mambers w41h the Intention ol ensurlng that those atwinted have a sutlicient level ol support from them.
Warley Bapllst Church Trustees, Annual Report {contlnfMI) Year ended 31 December 2023 ObleetSves 4nd actlvltl•s The princlpal PUfPtsSE ol thg church is the advancoment ol th6 Christian lailh according to the principles ol the Baptist denomination. The church may alsD advance Education and carry out Dther charltablÈ purposes In the Unlled Kinodom andlor other parts of Ihe wo+ld. W8 8r8 a &apti5t rthu¥ch working In Ihg local area sharing the gospel and seeking to help the local comrnunity. Groups me81 lor worship, teaching, Glrls, and Boys, Btigades, Mothers and Toddlers, Ex8rcise Class al Meeting lor Oldei Peop18, Pr8-School. We loln in local actlvltles with other churchgs and aro intérosted in overs6as mission. We have referred to the guidance eonlained in the Charity Commis&on's g8neral guidarbce on public b8ngfit when revfi8wing our ams and objectives and in planning our lulure activities. Aehl8v8m8nt$ and pgrlomianca In the last year, we h3ve collhnued tD 8xpand our vlsion lo become a community hub, sÈNing the needs ol our immediare comfflunily. Thks has rneanl the expansion of our work across all areas. We 8re bless to have been able tD Sutvort Sgveral IoGal charilies throuyhDUt th8 year. We are delwJhted to have wekomed seveMI new families In the last year and arE Excited lo see the r8tum ol other5. In adoition, we have had the privile9e of aFpoindng new rninisters to one lull-lirne POSt, bolh joining Warley Baptist Church in January 2028. Finoncial rèvlew On the 9fh February 2023 Ihe charily recèived the funds arKI assets Irorn Ihe unincorporated ¢harlty, Warley Baptist Church regi5tpred charity number ) 138906, Ihis Iransler tDtallgd 298,283 and following thls the overall Surplu defitit wa5 a f111,617 su@us In the year. ThB CIO itself has no CDmparatlve5 to wior year, however, th& previously unlncorporated charily had a surtyus of £75,90G in the 2022 financrdl year. This relletts an overall increase in thè surplus, however, is more rellectw& of the transfor frDm Iho unlncorporated charfty to the CIO. Reswvo8 Pollcy Wadey 8apt¢st ChurGh's pollcy 1$ to apply11s fiJnL*s in acconkince vrilh th8 obje¢lives Gf W8r18y Baptisl Church ¥vlii1s1 ensuring that there arè sufficient funds to cover at least six month's ca5hflow requirements in the evcnl that our incorn8 W88 suddeiily ieduced. Based on our accourits lor 2023 and our Budget for 2024, th wlll mean retainiNJ around £50,000 ol funds as a Reserve. In¢luded Wlhin unreslrlct8d funds Mre desigllatgd funds cover buiwlng 1&anCe, brigades oapltallon contr1110Th5 and mlssionl¢ommunltylkJndlng. Plans for lulure perlods The trustees. abn9slde the new rnlnisters, Intend to conlinuÈ to devebp and explore oprtunitIeS to serve the community belter and more elloclivety. In partlcular it is intended to furtlier dewebp Ihe Sunday School provislon we currently lun and to eonlinue our work wtth young familitrs.
Warley Baptlst Church Trustee5' Annual Report Iconllnusd) Year ended 31 December 2023 The trustees, anmual rÉ>port was approved on 23 October 2024 and &gned on behalf of the board ol Irustees by.. P Shepherd IAdrnifii5tralionl Trustee
Warley Baptist Church Independent Examlner's Repoit to the Trustees ol Warley Baptlst Church Year ended 31 December 2023 I report lo the trustees on my examinatlon of the financlal statements OF Warky Baptist Church I'the charity'l lor th8 year ended 31 Decernber 2023. Rbsponslbilities and b8518 01 raport As th9 trustees ol the charity yi)u responslbl8 lor the preparation ol the financial slatetn8nts in accordance with th8 requiramgnts ol the Charities Act 2011 Ilhè Acl'l. I report in resp8ct ol my examination of the charity'5 linan¢.ial stalefflcnls carried oul un&.r $8clion 145 ol the 201 1 Aci and in carrying out my exarnlnatson I have followed all awlicable Dir8ctiDns giv6n by Ihg Charlty Comm15sion under s£ction 14515llbl ol the Act. Independent e¥amlnpr's statement I have CDtnpleled my examination. I conlirm that no malerial matters havE Comg to my all8lltion in connection wlth the examinabon glving ffle ¢au5e to bell8ve thdl in any rnaterial respect.. acc()UlTlirwJ r8cords w8re not kept In re8pe¢l ol the charity as requlred by 5eclion 13D ol the Act., or the linancial slatements do not accord with those r8cords,' or Ihp financiaj statetnerils do not cornply wSth tho applicablè requirements concemiw Ihe ton and content ol accounts sel out in the Charities (Aecotsnls and Rèports) Regulations 2008 other than any requirement that the accounts glve a'lrue and fair, VIEW which L8 not a mattèr consldered as part of an indepeT7denl examination. I hav8 no concèrns arKI have com8 across no Other matters in conngctr'on with thE+ Bxamifiation to which attgntlon should be drawn in Ihi$ report in order lo enabb a proper undwslandino ol tho accounts ro be reached. P . Philippa Miller-Hawkes BA CA Iiidepend6nt Examiner 3B Swallowlielt* Courtyard Wolveiharnplon Aoad Okjbury West MKJlaTrJs B69 2JG 23 October 2024
Warley Bapllst Church Statement ol Flnanclal Posltlon 31 December 2023 2023 2022 Plote xed asggts Tangible IXed assets 17 24,129 Curront a5sÈ1$ Cash at bank and in hand 87.488 Net curr•nl hssets 87,488 111,617 Total assets less current Ilabllltles Funds ol Ihg charlty Unieslricted funds Total charlty funds 19 111.617 Those financial stalem8nt5 were approvèd by th8 board ol Iru$tè6s and aulhorlsed lor issue on 29 October 2024, and are.%igned on behall ol tho board by.. hA Thomas-Hinds ITr8asurerl Trustee ThE noles on pÉge8 710 14 fomi part ol thÈse fir¢11 ststoments.
Warley Bapiist Church Slatemènt ol Flnanctal Activllies Year ended 31 December 2023 2023 Ur¢trted lund8 Total funds 2022 Total funds Income and endowmÈnl$ (hnations and logacios Other tradin9 dclivitiès Investmerrt Income Other income 141,191 47,261 78 7.85Q 141,191 4'1,261 786 7,85U Total Income 197,088 197,088 ExpenditUTe ExpEndilure on charilable actiwtles Other èxppnrfiture Total eKpendltur• 9,10 12 80,667 4,804 85,471 80,667 4,804 85,471 Net Incomg and nat mov8ment In lunds 111,617 111,617 H8¢0nciliatlon of funds Total funds brought forward Tolgl funds carrlèd forward 111,617 11),617 The statement ol linancial activitl&s include5 all gain8 and losses recogni88d in the y8ar. l inoome and 8xp8ndilure derive from CDntiniiiTrg activities. The notES on pages 7 10 14 fortn part ol thes8 floanoial stalemtsnts.
Warley Baptist Church Notes to the Flnanclal Statements Year ended 31 December 2023 General Inform#iion The charity is a pijblic b8nelil entity an(J a registered charity in England and Wal85 And is nlncurporat8d. The addres5 of princlpal office is cast Road East. Oldbury, W8sI Midland5, 1368 9BJ. Stat8mant ol ¢ornpllanc ThB$& Ilnancial statemgnts have been prepar8d in rompliancg with FRS 102. 'The Fir*andal ReportiTrg Standard appll¢able the UK and tho Republic ol Irglaiid., Ihe Statement of Recomrnendecl Pracllce applicablp lo charllias pr6parlng ih81r accounts In actordanr.e with ihe Financi fieporiino Standard applicable iii Ilio UK a1 Republic ol Ireland IFRS 1 021 (Gharitles SORP IFRS 10211 and the Charities Act 2Ql 1. Accountlng policles Basis of preparatjDn The accounts ar8 prepared on a receipts and payments basls. The linancid slatem8nts a prepaied in stEiling. whh Is lh¥ functional currency ol the entity. Golng concern There are no material uw8rt8intlès about the ¢haritys alIty to eonlinvg as a going concern. D15c105ure exemptlons Th entity satisfie5 the lIri3 ol being a Small entity a5 deflned in FRS102 and Cttaritlgs SORP IFRS 1021 and the Charitiès Act 2011 and has laken advantage ol the disclosure exemptions avallable under paragraph 1A.7 01 FRS102. Judgements and kèy sour¢88 Ot estimatlon uncertalnty The pr8paration of the financ slatements requires managgm8nl tu make judgements, esdtllates and assumptions Ih(Il allect Ihe afflounls reportpd. Th8so estimat85 arid judgements arE ¢ontinualty reviewcd and ara based i)n expèrien¢& and i)Iher faciors, inclu(th'ng expèctations ol lulur8 Evellls that ale believed 10 be reasonab under the circufflsiances. Fund accounting UniestricteLI funds are ava18bSe lor us8 at the discrelion ol the Irust8es lo furthBr any of the charit15 purposos. Designated funds are unrestricted funds 8armarkecJ by the trustees lor partlcular ILJknJre proj8Ct or commltmenl. Restricted lund5 are subjectèd to ieslrictsons Dn their exp&nditure dpclared by the Ik)nor or through thB terms of an appeal, and fall into one oi Iwo sub-classes.. restricled incorne lund5 or endowment funds.
Warley Baptist Church Notes to Ihe Financlal Statements (c)1[1dI Year ended 31 December 2023 Accountlng pollcles IGDnllnue Incoming resources All ineonTrlw SourceS are inclucled In the 51al8ment ol financial <icilvits entitlement has passed lo the charity,. il is probabl8 Ihal the 8conomlc boneliis a8socralpd with the transactn will flow lo IhÈ charity and the amount can t)EJ reliably mU[0d. Tlie lofiowing Specif polici9s a applled to parlirular categories of in¢offl&.' incorng Irorn donations or grants is r8cognL88d whgn there is evidfnce ol enthlament lo the gilt, receipt is probab and its amOUt can be ffleasured reliably. legacy irMe is recogn15ecl recoipt 15 prolxble and eTrtittÉ¥ment Is 9slabllshed. income from donated goods is maasuied at the fair value tsl Ihe goods LJn18SS this is impraciic81 to mpasure reliably, im which caso the value Is deiived from the cost to the donor or the pstimated resale value. Donated lacilltios and s8tvicès ale recwnised In th2 account5 whEn received il Ihe value cxn be reliably rn8asured. No arnounts are includ6d ttsr the contribution ol general vulunteers. IoMe Irorn contracls foi the suppty of serceS Is recognised th th8 denvery of the coniracled gervlce. This is classiliort as unrestrltted funds unles5 Ih&r9 15 o coniractu8J requirgment lor il to be SnI OTI a particular purpose and r81urned il unspent, in which ¢as6 it may be regarded as reslrrct8d. Aesources expènded Expendrture is recognised on an accruals basis as a liabllity is incurrod. ExpÉndltlJFe includes any VAT which cannot be lully rècovered, and is classified under headings of the statement ol linanclal acVitIeS to whlch11 relates.. expandilure on raising funds Includes the Costs of all fundraising activIts, events. non- charSiable trading acllv11188, and the sale ol donated gDods. expenditurè on chadtaLrte aGtivitles iticludes all CDSts incurred by a chÉirity In undertaklng act11*eS that lurth8r its ¢hlL rilable aims lor the ben8fil ol its nlilarIeS, intr.ludlng Iliose support G05ts and costs relating lo governance ol th8 charity apwrtioD8d to charitabttr activitie&. Dth8r expendituie includes all exp8ndilurp that IE nelther rèlaled to raising lufjds lor th8 charity nor part ol its expendllure ()n charitable actvitIeS. All costs are allocated lo eXlid11Ur0 categories rellocting the use ol the re8niircE. Direct costs attributab to a singje activity are allocated dlreclly to that aetyoity. Shared costs are apportioned btheen the activities they contribut6 to on <1 reasonablej jLlStifiable and conslstttnt basi8. Tangible ass&t5 All assets are inltitlly recorded at cost.
Warley Baptist Church Notes to the Flnanclal Statements leoniinu4dJ Year ended 31 December 2023 Accountlng pulleles {conllnuedl Depr8elatlon Deplation is calculated so as to writ8 011 Ihe cost or valuation of an Asset, kss Ils resKJual value, ov8r the useful econornic life of that asset lollow.: I OY. 25°k stiaighi line 25% straight line Fixtures and Ilttlngs Equipmtsnt Impalm)enl of flxed a¥g*ts A reiri¢w for indicators of Impairrrenl Is carriad QLtt at 8ach reporting date, with the reeoveiable amount being estimat&d wherg such indalO[S exist. Wherg the Garrying value exceeds th6 recoverable arnouni, the asset Is impaired accordingly. Prior itnpairrn8nts ar9 also reviewgd loi possible reversal al each reporting date. DeflnÈd contrlbutlon plans Conliibutions to defined contribulion plans are recooni58d as afi expense In the period In which the related seryic& is provided. Prepaid conlilbutions are rgcognised as an aet to the extent that Ihe prepayrnenl will lead to a reducllon in iurE payments or a cash refund. When contrlbutions notr expected lo be setrlcd wholly within 12 rnonihs ol the end of Ihe r8porknng dat8 in whicli the employg8s renilor th8 related Serv8, the liabillly is measured on a discounted prp..4?nl valu8 basks. The unwinding ol Ihg discount 15 recognised as an expens& in the p8rlod in whlch it arises. Donations ond18gaclo$ Unrestricted Total Funds Unie5tricted Total Funds Funds 2023 Funcss 2022 Donatlons Olltrrings Donation5 and fees Donations- tran5fei Irom unincorporated charity 38.328 4,580 98,328 4.580 98,283 98,283 141.191 141,191 oiher tradlng 8Ctlvitie5 Unrestdcted Total Funds Unroslricted Total Funds Funds 2023 Funds 2022 Ev8nts recoipls Room Icttings 3,842 43,419 47.261 3.842 43,419 47,261
Warley Baptist Church Notes to the Financlal Statements (eoniinued? Year ended 31 December 2023 Inve¥tment Income Unre51ricted Total Funds Unrestrict8(J Total funds Fijrds 2023 Fund5 2022 Interbst receivabk 786 786 Other Incomg Unrgslricted Tolal Funds Unièstricled Tolal Funds 2023 Funds 2022 Gift aid income tax iefunds Other Incorn 7,G03 247 7,603 247 7,850 7,850 Tran51er Irom unlncorporatèd chority ou11r the year the following arnounts weie received frorn the umlncorporated charlty Warfey Baptisl Church.. £98,283. Expendltur8 on charltabl8 actlvilibs by lund type Unresiflcted Total Funds Unrestiicted l otal Funds Funds 2023 Furids 2022 Dir1 ttO515 associated wtth the Chureh 80.667 80,687 10-
Warley Baptist Church Notes lo ihe Flnanclal Stalements (GODllnuerfl Year ended 31 December 2023 10. Exp8ndlture on charltable activltlès by a¢tlvlty lype Activilies undertaken Total funds dlreclly 2023 Total IurKI 2022 Direct costs assoclaled wilh the Church Dir8Ct costs ¢aD be analysed as lollows.. 80,667 80,667 Unr85tricted funds Rostricted Total funds lurKJs 202.8 Ministerial Gosts Community support, events and donations Church premi5e8 costs Confer8nce and Iraining costs Chiirch Sundiies Waoes and salari&s Pension deli¢it contribution EfflplDyer ¢ont¥lbutions to P8n8ion plans Depreciation ol assets 2,289 13,403 28,400 278 1,225 29,150 12 3,G38 2,292 2,269 13,403 28,400 278 1,225 29,150 12 3.638 2,292 80,667 ao,667 11. Analy8is of svppvrt costs Unreslrtcled lunds 1,800 2,376 628 Restricted -lotal funds funds 2023 1,8DO 2,376 626 Independènt examinath)n fèes Othor accountancy setvKes Legal lees 4,804 4,804 12. Other expendllur& Unrestricted Total Funds Unr@slrlcted Tokl Funds Funds 2023 Funds 2022 Acctsunlancy F8es Legal Fees 4,176 628 4,176 628 4,804 4,804 13. Net Incom8 Net Income is stalgd afi8r chargingll¢reditlngl'. 2023 2022 Daprecialion of tanglble fix8d assels 2,292 11
Warley Baptlst Church Notes to the Financial Statements (Con1nt} Year ended 31 December 2023 14. Indop8ndenl examination leè$ 2023 2022 F88$ payable to Ihe indèpeTKlent exarniner foi.. ndependent exafflination ol Ihe finaiiuial Slaterngnts 1,800 15. sialf cost$ The total slaff costs and ernoyee benefits lor r8POrting perlod are analysed as follows.. 2023 2(122 Wages and salaries Empbyer ctsntrlbution8 to pension plans 29,150 3,888 32,788 The average head count of ernploye8s during the y&arwas 212022.. Nill. No efflployee rgc¢ived employE8 benelils of more than £60,000 during th9 Ygar12022'. Nill. 16. Trust99 remuneratlon and expènses UThYer the charity's governing documents, som8 of the Trusl885 rec&vo remun9ration for Ih8ir role within the cliarily. Twu ol th9 Trustees, V Sokolowoski & R Sokolowski recèived remuneration includlng pengio contribul'ons during the y8ar of th2,788. V Sokolowoski & R Sokolowski are considered ksy rnana9ernenl porsonllgl. Employer pension costs 0123,638 were pa on behdl ol the eurient ministers, V Sokolow05ki & Sokolowski duiing the year. Etnployer pension costs of £12 12022.. £iiill wer9 paid on ol previous ministers ol tho charlty. Th8 nuinber of Trustees reimbursed gxpenses during the year was 8, and the amounts r1M1$9d totalled £3,551. 12-
Warley Baptist Church Notes to the Financial Statements {¢onfinuedl Year ended 31 December 2023 17. Tanglblè Ilxed a8$ets Fixtures and fittlngs Equlprnent Total Cost At l January 20?3 Athitions Transfers 25,871 12,683 73 6,375 26,107 19,058 45,165 Ai 31 December 2023 38,054 Oepr8ciallon At 1 January 2023 Charge ftsr the year Transfers 1,946 12,634 346 6,110 6,4S6 2,292 18,744 At 31 Deccmber 2023 14,580 21,036 Carrylng amount At 31 Decembor 2023 23,474 655 24,129 At 31 December 2022 16. Pènslons and other post ieliremvnt benellts Delined ctsntrlbutlon plans The amount recognised (n IDttome or 8xpendlture as an expens8 In r$lalkJn to defined conlilbution anS was £3,63812022.. £Nill. 13-
Warley Baptist Church Noles to the Financial Statements ILtshtlnuedJ Year ended 31 December 2023 19. Analysis of chailtabb fund5 Unrestilcted lund8 Al 1 January 202 At 31 Decembfrr 2023 Incom8 Expenditure Goneral funds Buildings Malntenance Fund BrbJades Capitalion Conlribullon Missionlcommunity Fund 135,474 55.614 3,000 3,(KlO 197,088 159,8571 125,6141 75,617 20,000 3,000 3,000 185,4711 111,817 At l January 202 At 31 Dacgmber 20?2 Income Expgndlturo General lunds Buiklings Malnlenance Fund Brig&dos Capitation Corilribution Mi$sionlGommunity Fund 20. Analy$ls of nèt assets betweèn lunds Unr8StrlGted Total Funds Funds 2023 Tongi fixed assets Currènt asgpts 24,129 87.488 24,129 87,488 Net ass&ts 111,617 111,617 Unrestricted Total FurKIs unds 2022 Tangible fix assets Ciirrent assets Net assels 21. Related parlies Thgre are nts r81ated party tran5actsons to disclos8. 14-