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 adm1n1s1r￿iv¢ 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 GOr￿n 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 sh￿1 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 contr1￿110Th5 and mlssionl¢ommunltylkJndlng. Plans for lulure perlods The trustees. abn9slde the new rnlnisters, Intend to conlinuÈ to devebp and explore op￿rtunitIeS 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 I￿Xed 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$tè6s and aulhorlsed lor issue on 29 October 2024, and are.%igned on behall ol tho board by.. hA Thomas-Hinds ITr8asurerl Trustee ThE noles on pÉge8 710 14 fomi part ol thÈse fir￿￿¢1￿1 ststoments. Warley Bapiist Church Slatemènt ol Flnanctal Activllies Year ended 31 December 2023 2023 U￿r¢￿tr￿ted lund8 Total funds 2022 Total funds Income and endowmÈnl$ (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 a￿1 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. wh￿h Is lh¥ functional currency ol the entity. Golng concern There are no material uw8rt8intlès about the ¢haritys a￿lIty to eonlinvg as a going concern. D15c105ure exemptlons Th￿ entity satisfie5 the ￿lI￿ri3 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[￿1￿dI Year ended 31 December 2023 Accountlng pollcles IGDnllnue Incoming resources All ineonTrlw ￿SourceS are inclucled In the 51al8ment ol financial