Charity Registration Number. 1189299 Broadstone Baptist Church Annual Report and Unaudited Financial Statements For the Year Ended 31 December 2023 BrioADSTON E -BAPTIST CHURCH ￿)GOd. tOt￿9￿YOrGO￿.lc4Itr* gC*)&c4 ￿ F•¥4e Broadstone Baptist Church Annual Report and Financial Statements Contents Trustees, report Independent Ekiminerfs Re￿1 Stalem8nt of FinarKial Actiwbes Balance Sheet Notes to the financia statements BROADSTONE BAvnsT CHURCH rt of the Trustees for the r endod 31 December 2023 The Trustees present thdrAnnual ReF*Nt arbj FinarK4al Statements ft¥ ￿ year 8ThJ8d 31 Decemter 2023. ObjectIV￿ •rKI A¢ll¥ltl•s The prinapal pury)0Sg$ ofth8 Charity are.. The advancement of the Christian faith ui 8u))rtl8nce wilh our Basis of Farth, primarily bul not **• exclu8ively vrilh"n Bro*Istc￿e and the surrounthng area. S4Jch other charitable purrx)sos as shall put into prath'ce the Christi8n f8lth, in¢ludiThJ but not limited to". the prevenlicffi relief of need. hardship 8rMI sid(ness', the adVar￿ment of edu¢*tion; and the provision of f￿llItieS in the interests (A so¢lal weware for recreation or other leisure time ￿pat￿)n of individuals vtho have need of such facilities by reason of their youih, age infirmty (Y disability, finanoal hardship or social orojmstances with the t 8 typ1¢￿1 Y￿fOr a numter of reasorts. not least due to wr P8Sti*s thrge months. sabbatical. The year commenced wtlh Pastor rim's Yw m8ssaga that°...as we reic¥ce in God thatH8 ha$ kept ovw thg P8Styear, w8 can trnst Him to keep us in the yearahead. 0urresw￿8e is to &nSrI￿ that we belong to Christ. and Ihal w8 arg k88ping clo$a to Him by Ma￿ng use thlthe means of grace." prayer, BF"ble ￿adIng and fellowship ispeople". Lwknng back on thè p3sI year. we can agree that this message of hope was fuffilled. There were 8 new m8mbers W81￿me￿ in during the year, V*ith deaths aThJ three rnoving away. gi￿n9 8 slight nett increase in memteTrhip to 76 at year erKI. Tl*r8 (Xjntirw￿1 to ￿ Increased levels of attendance of non- members during the yeaf. indudlng y¥)ung adults aThJ f￿1118$ yokjro children. partFculady at moming services. Wts wore ￿1VI￿ged to vAtn8ss three bapt'isms during the yw. all yDurvJ adults, one in January and Ihe other ￿ in October when a good number of fvionds and family of iaTrlidatos heard testimonies of God w0￿1ng in thetr lives and th6 gospal praached. Wtr continued to k trAessed by Gc*J firwKialty. t*Je to Ihe genw05ity of His pw. ovorall in¢(mg for the ye8r up to 19th De¢omber 2023 had Increased by 15%. and exceeded cyjr total expenditure by IL￿t £745 and with reserves of almost £41,000. On 20th De(wth. w receiv&1 a vary legacy from a member ofthe fellowship In the sum of £238,027. which in due course will be used for the furthera￿ of thè gospel locally. rkationally and overseas. W9 segk the Lord for wsdom guklance for His purpose and will fc￿ its use. Trywards the end of the year, a pastoral hardship fund was sel up for in of uryont finanuat assistance in the fellowship or onneded to it. We have been knle to ￿￿tinue to SUFVOrt finan￿alty a￿1 by prayer sevgft s8ts of missionaries. induding one family as their'sending church" and the others as a"SUppo￿ng Church". Three farniliès and on8 couple were based overseas. whiL8t tsvo couples and crte indi￿dU￿ were based in the UK The levd of $utwrt was maintslned at the samo rates as 2022, 8nd 8 personal Christmas grfl vms ma(k to all our missionaries. A lund was openod for the future building of a village dwelling our sent family. which 8m¢)unted lo almost£11.000 over the year. In addition. ftwnly due to the 20% alIC￿￿￿ to Mission from the legacy. our Mission FuThl stood al £49.185 al tho ond of the year. It was a privilege to renew fellowship V+ith C￿T sent fwnitywho bad( in the UK for Homè Asslgnmènt for 9 months, until they left at the eThJ of Awil. They were able to parbcypate in ryJr'McYe on Ml&worJ" during February. vthen our theme was'we had tOld￿$S In our Lknd to d6dare to you the gos￿1 ofGc* in the midstof muclj con+Yl¢t"11 T1￿$sak)nlanS 22). We also C))nnect￿ with three of our SuFP￿ed missionaries. either in person or via Zoom. In NoVem￿r, oUr"Al(￿O on Al￿10￿. had Ihg tlwno"Gosp819roth' bas8d on Acts 6.7 °And the word of God conbnua to increase a￿# nthnb6r c(fhe thsuples mullipliedgreaLlyin Jen￿kn. agwn concentrating on our ￿ mi&sionarie3. BROADSTONE BAPTIST CHURCH rt of the Truslees for tho ar onded 31 Docgmber 2023 continuod In Aprfl. the leadership of the church vras streWr*d *ryth the addfoon of another Elder. bringirvJ the totsl Eld9rshlp to slx. The reg￿ar praaching nwnisty of the Ghun* ¢onlinued to be ￿Spe1-ba*l. and both enc4)uraging and ch811&ngiNJ. A series from Luke's g(tspd entitled"God's low6 forth6 lo*Bst" which had (x)mMonc￿l in Advanl in 2022, con￿nu¥d until Ihe end of Awl. Other Serles th￿0￿h¢￿JI lh8 ye8r indudwl .￿ngship.. fittingly at the fjma of lQng Charfe8111'8 coronatkn In May. and duriThJ the sabb8ti(*l. from May to Juty, 8 sories in Colossians"Rooted and built up In Christ". On Pastor Tim's rotum from sabbalical in knJJs( ha commencaj a serigs from John's go$￿1. entiUed"You mustbo bom again". We are wivilwJ8d to te ￿eSSed V*ilh tIK)5e in our fellowship or nr￿ to tho Church vtho are to failhfully minister L%d's Wonl to suppthent the pKeachin9 01 our Pastor and Assistant Pastor. Ajso in April held our annual Week of Prayer, Fwng at different times eath day f(* a different Church activity. This induded a Day of Prayer on tho Tuesday. pw18 $kJned up to pray in 15 minutè slots from 7.00 am lo 7.00 pm. after ¥￿Ich we mel I<￿0th9T to share around the Lord's Tabla. The purpose of Pastor Tim's sabbatical was lo 8nabl& hlm to rest in the Lord and seek a ran￿￿ed for tho fdl(Mship going forwdrd. He reported that we should reach out into the C￿m￿n￿ of Br0&JStc￿e by fo￿$S1￿j on the needs of our demographic. and have an exFeCtation that God was going to %wrk in our Sérv￿ and meetings. partiwlarfy the Prayer Meetir¥J$. He had received confirmation of his caling to remain al Broadstone. as there was much th still to be done. We 8g8in SUpp￿ted and parkncipated in thè annual BoumemoLth Bible Wesk in July. enpying fellowship with neighbourfng FIEC churches. We wwe pleased to o)ntinua fel￿￿hip wilh Gra￿ Church. vtho met locally on the Waterlc(• Eslats in Pwlo. and ￿ occasionalty met vrtlh tham forp)int prayer meetings. Our mid-week Tuesday 8v8ning$ of alt6mats Prayer Meetings and Home Groups ￿￿tinu￿1. M8n's and Ladies, t*e8kf8sts look place on allemats months, and at their Invrtatlc￿ owsional Sunday services start&J at Th8 Potteries Care Home, ￿t￿ 8 view to makiThJ them monthty in 2W24. The cd1eCtic￿ offcoj and other itwns for Faithwork3 Wimb(m8 Focxjbank started in Juna. Septemws harvest donatK¥)s also sent to them. The n8w bullding celebrated its first wedding ceremony at th8 erMI of September. Our Assistant Pastor ￿￿t8r￿ his third year st￿￿e$ al Crosslands in addition lo his Churth duties. During February half tem, he and a team of halpars ran a Hdiday Bible cl￿ ￿￿058 thgmè vras"Epic ExploreJT', for Reception to Ygar 4 thildren. This was well attended by Ix)th Church famll￿ and non-churth d)IbJren. and had a very goo(1 number of helper5 from the fellowship. He again assi8t8(1 in lthling a chiklren's caTnp in s￿rbOMe in the summer with four participants from the Church. He vrds invrt&Y to tske an AssemNy at Brop4Jstone FiTSt SclKX)l and Assemblies at the Mlddle Schcol before Chrisbn85. th further vislts ￿annel￿ in 2024. This chlldren's work venknre with the PACE Tnjst IPr(wJrammè for Appli&J Christian Education) was fèatured in the FIEC'Prny for On6 Hundrgd" booklet put11s￿ in April. Our Christma3 8(thes SOLwht to reach out into the Communlty. and induded Carol SirKJing on the Broadway and in Costa Coffee,. Cards by Can(l$llght.' an all-age Christmas CelebratKrt).' And Th Night before Christmas as w811 as our short Christmas Day celebration servi¢0. Inwt8tion (xds were print&J and dk$tribUt￿ locally and to friends, containiro details of the events %bith a gosFd verse cffl the back We also snjopj a Christrnas Celebrat¥)n fellowship mèal at a local hotel, which ha5 I￿n tK)oked aJain for next year. In summary. 2023 was a year in vthich we So￿ht G(xl Ihe way ahead. partiryJlarlyfor roathing wl wth tho gosFel in the local ¢omNKJn6ty, and by God's grdce we hav8 athi8V￿1 much. We remain extremely gratgful to God for His provision lo us in $0 many ways, partb)J1￿Y fir￿￿ally, and wg loc& to Him as we continue to step (Mrt in falth vAth new opportLmibes for mlnlsty. Wa hav& muth tl fc¥ward to for 2024 as we remain true to Hi3 calling. BROADSTONE BAPTIST CHURCH rt of the Trustees for the ar endod 31 Do¢omber 2023 continued Poll¢y R•sor¥•s Th8 Tru$loes wll consider the levd of reserves that 15 pr￿Jen1 the Churth to ha￿ ￿en agreetng tho annual budget. Thi5 has Wn r8vtsad during this financial year aThJ is currentty set at £35,000 for thè gorbèral fund. Consideration wll be given to lutur& strakn. tKbtèntial r8dutMlancy liati1￿es. and any other signTficant factors that $tK)ukl ￿ taken into account were the Church to d05e or rnove lo new premis8S. Two restricted fuThJ3 are held by the thur(* in r8lalion to donations for missionary work. one for th)nations to any of our rnisstonaries and another OM to support the famity to whith ￿ a￿ thg'sending church. . These funds are held in th& 9on8ral aco)unt and any speoflc donations passed onto the beneficaaries Wthin ong month I thr86 months of rwipt r95p8ctivdy. This paymant is mad& along wilh any gfft morey attached to that donation 8rKI 8 grft aid daim is made as s￿n as the irKmiè is re￿N•J. A new restricted furKI has t*en set up at the end of the yearfor t￿lse in need of uryent finandaf asslstance in tho fellowship or connected to IL These lunds are held in the general a¢xounL Golng Concern At the time of approvlng the financial ststements the tNstees have a re&50nable expe¢tstion that the support of the Church's bankers and Church congregalion VAII ensu￿ that Ihe c￿jrCh has p4Jequate Te8ourco to continuo In opwafjuol existence forthe foreSee￿e ftrture. BROADSTONE BAPTIST CHURCH ar ended 31 Decern￿r 2023 Ro rt of the Trustees for th• continuod structure Gov•maru and Management Lagal structurn of th• charity Thè church Is a Ch&itable Ino)rpordtsd OryJanisati(*). whtch was reglstered with tho Charity CommissK)n in England & Wales on 1 May 2020. 9oveming docajfflenl is a vffittèn (xmstitution dated 1 December 2019. The methods ustd to r•wft and appolnt new charltytrustees. The Truste85 are Ih(*e that hold Ihe Church Otfices identified in Sgdim 12.4 of the ￿￿stittrt10n IPastor5, Eld9rs, Dèacons, Church Secretary arKI Church Financ6 Off￿er Treasurerll. New PastorsElders shouky be identifi￿1 bythe cuffent Eldership and presented to the Church for their affirmation. Elilers and Pastors wll reqL¢ire a 75% maprTty of fv m￿MberS present aThJ voting at a Churth Business Meeting in order to be appointed. Any Church member may suggest lo th8 Elders th8 n￿e ofa member for election by Church as a Deacon. The Elders will ￿nSider all Suggest￿$. induding those made by themsdves, before obtaining th8 approval of the candidates for their names to be PLrt forwdrd. The wll then fomially pwe the candid8ts$ to tha Church Business Meeting, giving %th8tèvèr ￿Vtc6 they deem apFwiats. Vots"rrfJ will take place by secret ball￿ for each candidate. Al (andidate8 rgcwviry 66% of votes of the members $￿esent and votirwJ wll be e￿Ctsd. Reference and Admlnlstratlv• Detsil# L￿al name of the Chadty R•glstored charity number Charitys Prln¢lpal address Broadstone Baptist Churth 1189299 43 York Road Dorset BH188EW Tru¥t The trustees who serwj (ludng th8 year aThJ unol the date this reK*¥t was swod were as follows.. Tirnothy Gamsion Steven Driver Clive Baines Ste[￿en Pettifer Brian R￿lr¥JS Rodney Burge John Phenix Dovid Tumer Helen Phanix Bankern CAF Bank Ltd. 25 lQngs Hill Avenug. Kings Hill. West MaliThJ. Kent, ME194JQ BROADSTONE BAPTIST CHURCH Re rt of the Trustogs for tho ar ondod 31 December 2023 continued Sollcltorn 10 The P(¥nL Market Hatr)rough. LE16 7QU The trustees defJar8 th81 they have approved ts tntstees. rep)rt Slgngd on bahalf of the chantys trustees on 18 June 2024 Timothy Gamston BROADSTONE BAPTIST CHURCH Inde ¢ndant Examinerfs Ro Repcyt to th& tNstees of Bro&tslone Bapttst Chwth {thrity nuthr 118W299) on the ￿￿OUnts for th6 year onded 31 December 2023. I rotth to the trustees my a¥aminalfion ofthè accounls ofthe aixjve tharity for thè year ended 31 December 2￿23. R•sponslbtlities and basls of rnport As Ihe trustees ol the L#Kgdty. y(MJ are resF4Mit4e f￿ the preFwation of tha accounts in accordance the raqulrements of th8 Charili95 Act 2011 llhg Acn. I report in roSp￿t of my examination of the Charitls (srrièd out under seciion 145 of the 2011 Ad and in caryiro OL¢t my ex8minatK>n. I have follo%%ed Ihe apFlicable Dire(lions by the Charity C(￿MiSsion under Secu(￿ 14515llbl ofthe Act. Ind•p￿dant •xaminerfs statement The charl￿3 gr08s incoTh exca&l8d £29).￿1 aThJ l qUalIr￿ to uThJartaka tho oxamirRtion by beiryJ a qualmled member ofA58￿1ats￿ ofCh8rter*l Cgrw Accountants. I have o)mpl8led my ex￿)In9b0n. I confimi that Th) material matters have to my attenthjn in ￿nneCtion wth the examination which gives me cause to believe thal in, any material reS￿l acoxnling T￿r￿S wern not kept in acccffdance with sec*cm 130 of the Charities Act.. or the accounts did rtot 8coYd the accryJntiThJ reccrds.. or the accounts did not (x*mplywith the aw11t￿ble requirements cijnceming the fom and ¢ont8nl of aCC￿nts set out in the charf￿es {Ac(x)unts and Rap(￿ts) Regulations 2008 other than any rgqulrèment that the accounts give a 1rue and 7fvA)ith is not a matter ￿nsidered as part of an ind8p¢ndent examination. I have no concems and have come across olher matters in *fjth the examinati(￿ to whith attontion should be dravm in ordeT to enab￿ a r• understanding ofthe a¢xyJnts to ￿ reached. Slgned: Dat•: 4 kn 10£ * Christopher Fairhall FCCA ASs￿latIon of Chartered certifi￿ Aox)un18nls Newton Magus Arr(ywsmith Court Station Approach Broadstone D￿Se1 BH18 8AT BROADSTONE BAPTIST CHURCH Statement of Financial Activities Forthe ar onded 31 December 2023 Unrestrlcted Restrlcted Notos Funds Funds 2023 2022 as restated Incomè and Endowments from: Donations and18gacies Charitable acltvilios Investments other inccffie 358.182 10,723 368.905 434 15,622 142.983 871 15,041 15,622 Total Income 374.238 10.723 384,961 158,895 Ex ndlture on: Charitsble activities 155.716 13.172 168.888 154.354 Total rnsources gxpgnd•d Not incofflt I lexp•ndlturn) Transfers befvMn Funds 155.716 218.522 153.285) 13.172 (2.449) 53,285 168.888 216,073 154,354 4.541 Gains and losses on revduation of fLxed assets for the charitys own use Nat income after transkn I Inovement in funds 114.109 114,109 279.346 1.935,751 50.836 100 330,182 1,935,851 4.541 Fund balances brought foThward 1,931,310 Fund balances carried forward 2,215,097 50.936 2266.033 1,935,851 The statement of financial activrtses includes all gains and losses in the ya8r. All Incoming r8sources and resour￿ expended derlve from ￿ntinU1￿j actiwties. BROADSTONE BAPTIST CHURCH Balance Sheel As at 31 Decgmber 2023 2022 as restated Motes 2023 Flx•d assets Tangitle assets Investments 1.564,745 427.1]C(I 1.991.745 1.459.820 427.000 1,886,820 Total fixed awts Curr•nt ¥￿ts Debtors 19,889 279.548 36.114 38.841 Cash at bank In hand Total cuThgnt ats•ts 74.955 Creditors: amounts falllng du• wlthln on• 3.547 4.324 Not ¢urr•nt ass•ts 295.888 70,631 Not aJ¥•ts 2287.633 1.957,451 Provlslons fof Ilabllltle• 10 (21.￿1} 121.6001 Totsl n¢t a&8•ts or IlabtlKb•s 2.266.033 1.935.851 Funds of the charity Rèstricted funds Unre31ricted Funds Revaluation Reserve 50.936 2.035.988 179.109 100 1.870,751 65,000 Totsl funds 2.266.033 1.935,851 Tlmothy Gamston Trust•• Slgned cffi behalf of the Board of Truste95 on 18 JLm8 2024 8ROADSTONE BAPTIST CHURCH Not•$ to the accounts for the rlod fr¢m 1 Janua 2023 to 31 December 2023 1 A¢countlng Polld 1.1 Ae¢ountlng Commtk Th&8e accounts hav8 b88n pr6￿red underthe hisloricd o)st cL￿Othn vrilh items rgcowis8d at C05t or transaction v81u8 unless othethise staled in the relevant notelsl to these actounts. The ac¢ounts have been prepared in &￿rdance v*ilh th8 Slatement of R￿rnMended Pracbea.. Accountlng and Reportrng by Ch8rits•s prapariTrJ thelr a¢￿junt$ in aCa)rda￿Ce the Finanoal Reporting SlarHlard appllcable in Ihe UK and RepU￿1C of I￿l￿d IFRS 1021 issu￿1 on 16 Juty 2014, the F￿ana81 Reporbng Slandard applicabl& in Ihe lQngdom and Republlc of Ir￿￿ IFRS 1021 a￿j wlh the ChaThb"es Act 2011. These ￿ounts hav8 been prepa￿d on an ￿u813 bas￿ bwau8e ts fjn￿Me for 2023 exceeded £250,000. Thè ¢>)mparative figures for 2022. whith previousty r8FKJrt&d C￿ a reC￿pts and payments basis, have therefore toen resta￿. The Charity cons11￿$ a put4ic benefft entity 8$ deffin8d by FRS 102. 1.2 Golny Conc•m Atth9 time of approving Ihe ao>)unts, the tnJ8tees have a rea$￿a￿e eypecaatrjn that the charity ha5 adequate r880urces to continu& In ow81ional exKBt8nce the foreseea￿e futtjre. Thus Ihe trustees conts.nue to adopt Ihe going concern ba￿S of a￿n￿ng in w8parONJ the aC0￿nts. 1.3 Income Incomo R•cOBnI￿0n Income is r8CL>Jni58d in Ihè statement ￿t¥It￿5 ISOFAI a ￿¢￿Vabl& basis. %th8n a tsansaction or olher event resutts in an incr8as8 in the Chari￿5 assets reducbon in its liabill￿&S and only the charfty has legal entitlem￿t, the in¢￿)Me is probable and can be measured rdkqbty. Offsettlng Ther8 has been no offsetttrvJ of a88ets and ligbllib￿. or arNJ exF￿￿$. unl888 rgquirwj or ￿rnitt￿ by the FRS 102 SORP orFRS 102. Donatlons Cash dOnatiOr￿ ar8 recognised on receÈpt. Cmher donations ar8 re￿NSed once thè tharlty has boen notified of tho donation, un18SS P8rformarte condilh)ns require deleffJ of th8 arr￿nt Income tax recoverable in rdation to donations received under Gtft is recognised at the tThe of Ihe donatK)n when Ihere is a valid de¢laratKJn from the donor. Any Gift Aid 8rrx)unt f*e￿i￿j on a th*nabon is consid8r8d to b8 part ol that glft and is treated as an addition to th8 sarne lund as the In￿al rknnation uNess the donor orthe 18rm5 of the appeal have specnled otherwise. VolLtntary Incomè ts race1￿ by way of gifts. It 15 in full in the Ststemenl of Financial ACti￿tieS All incc17)e accounted forgross. b8fore de(lucling ony related fees OT C4)sts. Logacl•s aeAes hre Inclujed in Ihe SOFA when BrApt is wr*)a)le. that Is, ¥*tsn Ihere has b88n grant of probat8, the 8xecutots have estaNished thal there are suffiaent assets in Ihe estate and any C4)ndthty￿ 8ttathed to Ihe kgacy aTe emherwthin the control of the Charity or have been meL BROADSTONE BAPTIST CHURCH Notos to the accounts for thg rlod from 1 Jan 2023 to 31 December 2023 1.4 Expondltur• and U&bllltl•s Liabilitles are rerAwJnised kn it rnore likdylhan not thattherg 18 a ora)nstsucOve obligation cornrnitting th8 charfty to pay ¢xrt rg¥ourc8s and Ihe anw)unt(rfthe otl1gatm￿ r2n be m8asurwJ ￿ reasonabl8 eArt8inty. Support costs hav8 been alloc8twJ bet￿n governar￿ (osts and other supporL <￿VemanCe costs comprise all costs invdwng public 8￿￿untabll1fy of Ihe thaiity and its t￿M￿lar￿￿ *ith regulation al￿ good practKe. Support ¢08ts indude thjse functkjns thal a￿8¢ Ihe th ofthe Ltharity. findtyJlThJ building exp8nses. admini5trat¥Jn and 8quI￿ent (X)5ts. AJI support cA)sts a￿ deemed lo rdate to eh chaitable activity ofthe ¢harity. Crodltors Thè eharity has creditors *thi¢h ar8 rnea8ur￿ at $8lll4mont arnO￿ts less any diswunts Prov151on5 for liabillti A liability i8 measured on rewnrbon at its hlstortcal c￿1 and Ihen 8ub8equgnty M￿SL￿1 at the b8St estlmate of th6 anN)un¢ required io setlle th8 obligation at rwrtlng date. 1.5 Tanglble flxed assets T8ngikA8 fixed assets aro Snlualty m8as(tr•Y at costand subs8qU8ntty measurwj at ¢))st orvalualion, net of deprerAation and any im￿lMi￿t losses. Dapreciation 18 reco9nisad so a5 to ￿lIe off the ¢L￿t cy valuation ofassets 18S8 their re5Kluo1 overth8ir useful lives on the follo*iro teS8S.' Equipment 20% strawt Ik)e A regulor annual of th8 likelihood ofasset imp8fim￿ 1$ und*taken. 1.6 D¢btor• 08btors are measureil on In6tial recognition at Setllen￿t8[TKXjnt sub$￿ty. they are ￿asured al the cash or 0th8r uJnsideratK)n expected to be receiv&J. 1.7 Ca•h and bank balance$ Ca¥h hold by the Charlty Is Induded at the amourt h8bJ wjnted at year end. Bank balance$, wh8th8r in cr8dit or overdrawn. ￿e Sh￿ al the a￿￿nts propwly reconiyted to the ba)k ststements. 1A P•nslon8- dfjfin•d Contrlbutlon sch•m•s The Charity operates 8 defin￿ contribution penSIL￿ 5chemÈ. Ci¥rtritwJti￿s are to the profft and k)ss account as they p8yabJ8 in accordancè ￿lti th6 ftdes oflhe scheme. io BROADSTONE BAPTIST CHURCH Noles to the accounts for tho nod from 1 Janua 2023 to 31 December 2023 2 Incomè and •nd0Wm￿lS Imm: 2022 as restated Funds Funds Donatlon8 and legacios General Offerings Gift aided Offeriros Refunds frcffi HMRC on gift aided donalions Legacies Training Gf8nt R8CeN8d 37,435 64,841 17.879 238.027 8.409 1,650 51.863 64,780 17.590 5,000 3,750 66.491 18.543 238.027 358.182 10.723 368.905 142.983 Unre5trieted R•strEct•d Funds Funds 2023 2022 In¢omo from Charltabk actlvltl•s Ir￿me from outreach events and 434 871 Total income from Charilable activits 871 2023 2022 Funds Funds Income from InvestThwnts Interest income Rent81 in¢omè 622 15.000 622 15,000 41 15,000 Total In￿SIMOn1 In¢om• 15.622 15.622 15.041 l Inc￿m9 in the pricf w was unrestricted except fix £5 received fcf the buildi￿j and ministy fund, £3,796 received for the mission fund and £100 for the IThJoneS￿ Mission Supwt fijnd. 3 Expend￿rn on Charll¥ble Athitl•s- Dlr•¢t ExpendSture 2022 as restated Funds Funds 2023 Ministerial ExF*nses Ministry Training Scheme Evangellstic Material Missions and Support Outreach Events and Groups Total dlrect expendltuye 6.150 140 415 22.578 3.605 32.888 6,150 140 415 35.750 3.605 46,060 6.080 1.293 27.691 3.968 39.032 13.172 13.1n BROADSTONE BAPTIST CHURCH Notos 10 th8 accounts for th rlod from 1 Janua 2023 to 31 December 2023 2023 2022 as r•stst•d FundB Funds Support costs Building Expen8es (Church and Manse) Administration Equipmènt Depreeiation Total support costs 21.661 5,932 1.343 11.737 40.673 21,661 5,932 1.343 11.737 40,673 18,780 5.231 704 11.227 35,942 2022 as rnstatéd Gov•rnance co¥ts Fund# Funds 2023 IndePend￿t examinerfs feos Trustees. remuner8Uon Trusle8s' soci81 sgojnty costs Truste85 defir*d cc¥)trit4Jbons pensmjn Trusteos. expenses Total governan¢¢ eosts 71.W2 71.362 263 3.287 5,743 82.155 67,179 3.287 5.743 82.155 76.980 2022 as restated Total ch•rltsbl• expondlture Funds Funds 2023 Total direct spending Total support costs Total governance (x)¥ts Movements in provisions arKI commitrmnts Total •xp•ndltur• 32,888 40.673 82.155 13.172 46,060 40,673 82.155 39,032 35,942 76,980 2,400 154,354 716 13.172 168.888 BROADSTONE BAPTIST CHURCH Notes to the accounts for the erlod from 1 Janua 2023 to 31 December 2023 4 Staff costs and •molurnents 2022 a$ rgstatgd 2023 Salaries and Wages Soaal Security CtYJts Pens￿fi Costs Idefvied contribution gth8me) 71.362 263 3,287 74.912 67.179 3,066 70,245 Number of Employees 2023 Number 2022 Number The average monthty number of ern￿oYeeS durlng the was.. There were no employees vthose annual rernunerauon was £60.(KKI or more. 5 Deflned contrfbutlon ponslon schom 2022 as restated 2023 Amount of ¢xJntributions recognised in tha SOFA as an expense 3.287 3.066 The ch8rty operates a defined contrtjution pension sthme. the costs ofvthich are shown above. The costs of thi5 sc*emo aro all albcated to Ihe general unreytrictsd fund. Any liabilities and assets ass￿lated with th8 $d￿me are wd8r debtors and creditors. P￿13 BROADSTONE BAPTIST CHURCH Notes to the accounts for the erlod from 1 Janua 2023 to 31 December 2023 6 Tangible Fixod Assets Freehold Property Equipmont Total C05t I Valuatlon Al 1 January 2023 as restated Additions Revaluations DisFX)sals At 31 Decemb8r 2023 1.435.891 56,134 1,492,025 2,553 114,109 114.109 1.550.000 58,687 1.608.687 Depraclatlon and Impalrment Al 1 January 2023 as restated Deprgciation charged in the year On disposals Al 31 December 2023 32.205 11,737 32,205 11,737 43.942 43,942 Carylng Amounts At 31 December 2023 1.550.000 14,745 1.564.745 At 31 December 2022 as restated 1,435,891 23.929 1,459,820 The church buildirwJ vrds revalued at the balance sheel date by the Irustees taking into account the recent rise in building costs. Had the assets been carrted under the cost model the carrying amount would be £1,435.891. 7 Investments Invo$tment Property Costl Valuation At 1 January 2023 Additions Revaluations Disposals At 31 De￿mber 2023 427,000 427,000 Depreciation and lrnpalrnwlt Al 1 January 2023 Dapreciation charged in the year On disposals At 31 D￿mber 2023 Carrylng Amounts At 31 Decemb8r 2023 427.000 Al 31 Decemb8r 2022 427,000 BROADSTONE BAPTIST CHURCH Note8 to the accounts for the eriod from 1 Janua 2023 to 31 December 2023 2022 as restated 8 Debtors 2023 Prepayments and accrued In￿Me Oth8r deblors 2,008 17,881 19,889 2,054 34,060 36,114 2022 as re$tated 9 Crodltors: amounts falllng duo wlthln ono year 2023 Trad8 creditors Accwals and deferred income Other creditors 326 2.353 868 3,547 509 3,270 545 4,324 10 Provisions for Ilabllltles and charyes 2022 as restated 2023 Balance as at 1 January 2023 Amounts added in current period Amounts charged against the provision in the current peric4J Balance as at 31 December 2023 21.600 21,600 21,600 21.600 19,200 21,600 19.200 21,600 The Provisions and fundiThJ commilmenls a￿ ￿ported in respect of the Missionaries which are supported by the Church. At the end of each year the decision is made for the amount of support each missionary will receNe for the next twelve months based upon resources available. The payments for the forthcoming twelve months are induded here. Any provision not US8d in the following year is credited back to the in¢ome and expense account. 15 BROADSTONE BAPTIST CHURCH Notes to the accounts for the rlod from 1 Janua 2023 to 31 Dgcember 2023 11 Analysls of Fund$- current year Funds Funds brought carried forward Gains I forward to from 2022 Income Exp•ndltw• Transfers losses 2024 unrestrict￿ and dgsignat•d fufKIs: General Fund 1.935,751 374238 1155.716) {&3,2851 114.109 2.215,097 Rwtrictad funds Mission fund Indon85ian mls8lon SUPF¢Jrt furb Pastoral hard$hlp fund 614 1LVI 8.484 1.625 12.2141 110.9581 50,785 2,5fy) 49.185 126 1.625 100 10.723 13.172 $3285 50.936 Analysls of Funds- prlor Funds brought foThiard Gains I forward to from 2021 Incom• Expgndilw• Transf•rs 105585 2023 Funds Unr•strlct•d and d•sSgnated funds: General Fund 1,918.532 154.wl 1133.820) (3.9551 1.935.751 R•strl¢t•d funds Building and ministy lurKI Mission fvnd Indore3ian missK)n SUPF4)rt fuThJ Pastor81 hardshlp fund 12.370 112.3751 (8,1591 3.955 1(XJ 100 12.rn 3.￿1 20.534 3.955 100 DuriThJ the year reguLqr tsansfers WKxJntiNJ to £265 per month12022- £2121 ak)rvJ th a furth8r translw of £47,605 at the end of 2023 (being 20% of thg Igw rèceiv￿) were transferTed from the G&nor31 Fund to tha Mission Fund to be used by the Missions Counal lo providtr additi￿￿ suppui for MisS￿narieS as required. DuriryJ 2022 a transfar 01 £1.363 was m&Je lo cover donation5 lo Acbon Intemational Ministries for Ukraine d a transfer of £48 vrds mado to IX)V8rth8 athIrt*￿al payments mwje al Chriskn8$. DuTiriJ the year regular tr4nsfers a)KyJnting to £200 per MC￿ were tr8nsfsrr8d from the General Fund lo the lty￿neSIan Mission SuFPNt FuThJ atLN)g wth a furth8r trwWer of £1CKI from the Lajies Fell(wshlp. p•* 10 BROADSTONE BAvllsT CHURCH Notes to the accounts for the rlod from 1 Janua 2023 to 31 December 2023 12 R•StrIct￿ Funds The purposes forwPAch the fuThl$ are hdd are as f￿1￿. unrejtrlct￿ and d•slgnatod funds These fun(ts are for meetitwJ the Obl￿11VeS of the charity, and to pro￿de reserves for future actNib8S. and. subjecl to charity legislation. arè free from dl restrictM)ns their l￿e. General Fund ReBtrlct•d Funds Restricted revalualions r&$8rv8 This fund represents the restrKtsI surplus arising on the revaluat￿n of the charrty a&8ets. Building aThJ Ministy Fund This fvnd was hdd to Id￿tity all donations given Specrf1￿1IY for Iha develop1r￿n1 and r8t￿lding of the church. This work was ￿rn￿eted in 2022 and so th8 fund was dc£ed al the end of that financial year. Mission fund This fund is hdd lo I￿￿tY al ¢knalions speuficalty gN8n to ￿ passed on to the Missionaries Churth supports. These funds are held within the general bank ￿nt oflhe thurth but aro separatsly Klentifi8lAtr. Indonesian Misskn Supwt fund Thls fund Is hdd to td6ntify ￿1 ¢kn*tions s￿riCallY given for the ovwsèas missionary vtho the Church SUpp￿ts as the sendirvJ church. These funds are held within th8 g8rwal bank account of the church bLrt are separately identif￿ble. The balarKe on Ih$5 aryxjunt is transferred on a qu*terfy basis 10 8n inlemediary tharity in the UK v+ho hdds the fvnds on behaw ofthis rn1￿0nary. Pastoral Hardshlp Fund This fund is held to identify al ¢knalions yufically given to be passed on to those in need of urgènt finarrial assistance in the fellowship or nect&J to IL These funds are held y￿1h1n thg g8ngr31 bank attounl of Ihe thurch but are soparatety identifiable. 17 BROADSTONE BAPTIST CHURCH Notss to the accounts for the 'od from 1 Janua 2023 to 31 December 2023 13 Trust••s rwnuneration During the year the tharity mad& the fdlcAMTrJ transactions with trusta8S'. Tlmothy Garnslon Timothy Gamslon r8celved remunerdt¥x) ￿nSiC￿ of £41.557 (2022 £39,578) and £1.873 {2022 £1,784). As Ihe Pastor of the church. hè has a contract of eMplO￿n￿t for he is compen3ateLI and whlch Is perffth by the Cortstitulion of BroadstrTh Baptist Churth. Stsv•n DrSver Stsven Driv9r r9CeN￿ rèmuneratton and pension of £31.2￿(2D22 £27.0001 and £1,41412022 £1.2821. As the Assistant Pastor of the church. he has a contract of eMplO￿nent for which he is o)mpensated and which is pemittgd by the ￿St•￿t￿￿ of Bro•Jskne Bapbst Church. 14 Trustso expens The expenses le1m￿TSed to trustses, CK paid dlr•to third parties on b8half of th8 trust88s was as follows.. 2022 As rostatod 2023 Travel Ac¢ommcMlatic Training 366 947 4,430 397 478 5,080 5,955 Number Number Number of trustees reimbursed for eypenses or had expenses pald bythe ch￿ty BROADSTONE BAPTIST CHURCH Notes to the accounts for Ihe rlod from 1 Janua 2023 to 31 D¢￿rnber 2023 15 R•lat8d Party Transa¢tlons Phll Rawllngs Son of Brfan RavAings, a trusts8 ofthg dmrlty Phil raceived payments frum the chwc* to supyxt his wcrfk on the Mi8sK)n fiehl kntalling £2,600 12022- £2,120) A provision of £2.4￿ (2022- £2.4W) forthè suFyirt pa￿ for trys related party for the next 12 months has been for in these acJ)Junts. Rachol Roy Daughter of Clive Bwnes. a tru3ts8 offv thwÉty Rachel received payments frcrfn th8 chwch to suprwjrt her work cffi ttr* MI￿On field lotalling £nil (2022- £2.120}. Jo Gamston Wife ofTimothy G¥￿. a Iruslee oftt* thrity Attendance al a Pastorfs Wfv&s Conferen￿ has been paid for by tho thurth £210 {2￿. £nl4. JG Carpenty Business (Yo￿•d by Joshua Gamston. St￿ ofTimolhy Gamston. a tru5tse ofthg tharity Paymonts mad8 for re￿ilding thè wal ￿tside ofthe rnanse £ryl12022- £1.gJO) Edward Gam$ton StN) of Tlmothy Gamston, a trusts0 ofth8 charity Payl￿ts made for decorating tho ¢*￿rth tr￿71 ding £nil12022- £150) P47J 19 BROADSTONE BAPnST CHURCH Notes to the accounts for the eriod from 1 Janua 2023 to 31 December 2023 16 Rostatement of Prlor Perfod Figures As the In￿Me received in 2023 exceed￿ £250,000 there is a requirement that these accourtts should be prepared on an accruals basis. The (xjmparative figures 2022, which were previously reported on a receipts and payThents basis, have thereft)re been restated for each of the affe(Aed finan(ial statement line items. The followng tatAe summarises the impacts on the financial statements. 2022 as prevlously reported Adjustments 2022 as restated Refunds from HMRC on gift aided donations 2.572 15.018 17,5bX) Total in¢ome 143,8 15.018 158,895 Trustee's ￿MUneratiOn . Trustee's expenses" Building Expenses (Churth and Manse) Administration Independent examinerf$ fees- Equipment New Building Project Depreciation Movements in provisions and ¢(￿M[tr￿ents 293 (50) 337 {646} {2,1001 {2.251) {11,929) 11.227 2,400 67,179 5.955 18,780 5.232 780 704 6.005 18.443 5.878 2,880 2,955 11.929 11,227 2.400 Totsl resources expended 157,on 2,719 154.354 reported within ministerial expenses in 2022. reported within administrab'on expenses in 2022. Tangible Assets Debtors Creditors 1,510,685 33.734 1,976 (50.865) 2.380 2.347 1.459.820 36,114 4,323