Castlederg Baptist Church Financial Accounts for year ended 31st December 2023 Castlederg Baptist Church TRUSTEES ANNUAL REPORT The Trustees present their Annual Report and Financial Statement for the year ended 31. December 2023. Reference and Administrative Details Castlederg Baptist Church, 10 Upper Strabane Road, Castlederg, Co.Tyrone, BT8178G Registered Charity in Northern Ireland INIC 1076701 The Charity Trustees who served during the year or who were trustees at the time of this report were: Mr.Stanley Baxter Ichairpersonl Pastorjude Colhoun Mr. Ivan Gowdy Mr. Norman Irwin Mr. David Nesbitt Mr. David Porter Independent Examiner Mr. Thomas Oliver and Associates Limited, l Moygashel Row, Dungannon, BT717DH Bankers Danske Bank, 5-7 Market Street, Omagh, BT78 IBN The office bearers of the church consist of the Pastor, elders and deacons and they act as trustees of the congregation. The elders deal with all matters of spiritual importance and the deacons take responsibility for all practical and temporal affairs. As a leadership they endeavour to promote the spiritual interest of the congregation and to encourage the members to witness and serve in the local community. Male members of the church who have been in membership for at least two years can be recommended for the office of an elder by existing elders, or by three members. The appointment of an eldertakes place at a Church meeting called for that purpose. Deacons, either male orfemale, must be members of the church. They are to be chosen by the membership of the church and appointed at the annual A.G.M. Elders require a seventy five per cent majority and deacons require a majority vote of at least two-thirds of the members present at the meeting. The leadership meet together at least six times a year. Castlederg Baptist Church Association of Baptist Churches Castlederg Baptist Church is a member of the Association of Baptist Churches in Ireland. Although all churches in the Association are autonomous, the church benefits from support, guidance and encouragement provided by the Association Director and members of staff. The Castlederg church values its links with other churches in the Association. Description and Purpose Castlederg Baptist Church was established in 1987 and at first rented the premises at 10 Upper Strabane Road, Castlederg. Eventually the church purchased the building and in 2010 erected a new building to meet the requirements of the congregation. The church acknowledges the headship of Jesus Christ over his Church and exists to glorify the triune God by maintaining and promoting his worship both individually and corporately. Its members devote themselves to the teaching of scripture, to fellowship, breaking of bread, prayer and evangelism. They commit, with the help of God, to witness to the saving and sustaining power of the Lord Jesus Christ and to work for the extension of his kingdom. The principal charitable purpose of the church is the advancement of the Christian faith according to the teachings of Scripture, the Doctrinal Statement and Baptist principles. Activities and Objectives The congregation meets for worship every Sunday and visitors are welcome to join us. Normally Breaking of Bread Icommunionl follows the sermon every Sunday. A regular bible study and prayer meeting is held once a week. Services are open to anyone regardless of whether or not they are church members. Sunday School is arranged for the teaching of young children. Youth nights are held for primary and secondary aged young people. An annual holiday Bible Club is held for a week during the summer months. Ladies events, visits to residential care homes and organised walks allow us to participate in the life of the community. Prayer is offered on behalf of our members and their families, the community and for those in government. We support, both financially and through prayer, local and international Christian organisations. Achievement and Performance Church service5 were held each Sunday to enable members and adherents to gather together for worship and Bible teaching. On Tuesday evenings Bible Studies were held, providing the opportunity for teaching and discussion on Bible passages. Sunday school was provided for the young people during the morning service. Sunday School numbers are small but all attend well. OurJ4U Club and Youth Club run throughout the year but not during the summer months. Almost all of the children attending are from outside the church family and from different backgrounds and experiences. The Ladie5, Friendship evenings and our'walk and Talk, events saw people from the communityjoining together with church folk to enjoy these activities. One of the highlights of the year was our summer Holiday Bible Club when very good number5 of children and teenagers attended the events of the week. Castlederg Baptist Church Mission and Outreach The church was able to financially support Baptist Missions and the Baptist College. The fellowship contributed to the financial support of a Scripture Union E3 project making Good News known in local schoo15, an Irish University Christian Unions, worker and an O.M. worker in Germany. The Sunday School helped raise some funds, then the congregation added to this amount, and one of our congregation joined a Baptlst Association trip to Peru in summer 2023 and distributed the financial Support to Baptist churches in Peru The church supported the 'Kids for School, organisation funding ed ucation for some children in Tanzania. The pastor arranged for a college team to visit local schools to take assemblies and R.E. lessons and to visit Care Homes during a week in October. A visit to a local school by Baptist Youth to relate, 'The Amazing Journey to Bethlehem, story to local children took place in December. Our ladies crocheted blankets for premature babies born in Altnagelvin Hospital. Shoe boxes assembled by the congregation were donated to Samaritan'5 Purse. Property The new building of 2010 had been completed in such a way that when finances permitted the development of the First Floor could be facilitated. This work was completed in 2023. Public Benefit Statement The church meets the public benefit requirement by providing benefit to its members and the general public by making the Christian gospel known through the advancement of religion. The teaching provided by the church leads to spiritual and moral development for those who are affiliated. In turn this leads to practical expression of Christian beliefs and standards in the community. Public activities are made known via social media and printed materials. The purposes do not lead to harm. The only private benefit arising from our purpose is related to our pastor, who receives benefits as a result of holding office, and a Christian Unions Ireland worker and an O.M. staff member. These are necessary in order to further our charitable purpose. There are no other private benefits. The beneficiaries of thi5 purpose are members, their familie5, and other individuals with whom they have direct and indirect contact; other communities throughout Ireland and worldwide. Finance The congregation's main source of income is members, contribution5. An annual report detailing income and expenditure was presented at the church's A.G.M. Trustees Verification of Financial Report We as Trustees of Castlederg Baptist Church, verify that this financial report for st the year ending 31 December 2023, is an accurate reflection of the financial transaction that occurred during the aforesaid financial year. Signed date gs la4 33 CSC Ig IOICt, Castlederg Baptist Church Independent examiner's report to the charity trustees of Castlederg Baptist Church I report on the accounts ofthe forthe yearended 31" December2023 Respectlve responslbilities of charitytrustees and examiner As the charity's trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. It is my responsibility to: examine the accounts under section 65 of the Charities Act follow the procedures laid down in the general Directions given by the Charlty Commission for Northern Ireland under section 6519llbl of the Charities Act . state whether particular matters have come to my attention. Basis of examiner's statement I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commisslon for Northern Ireland under section 6519llbl of the Charities Act. The examination included a review of the accounting records kept bythe charity and a comparison ofthe accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charitytrustees concerning any such matters. My role is to state whether any material matters have come to myattention givlng me cause to believe: l. That accounting records were not kept as required by section 63 of the Charities Act 2. That the accounts do not accord with those accounting records 3. That the accounts do not comply with the accounting requirements of the Charities Act 4. That there is further infomiation needed for a proper understanding of the accounts to be reached. Independent examiner's statement I have completed my examination and have no concerns in respect of the matters111 to141 listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. Thoma&JO ivér-Jn-rfAssociates Limited Certified Public Accountant l Moygashel Mllls Park Dungannon BT717DH 28" April 2024 Castlederg Baptlst Church Statement of Recelpts and Payments Yearended 31st December 2023 CURRENT ACCOUNT Income 2023 2022 Expenditure 2023 2022 Opening Bank Balance Collections Interest Received Transfers from Gift Aid EA Education Grant Heating Grant 5,000.67 8.389.26 6.22 33,300.00 1,000.00 600.00 4,477.37 7,085.53 18.85 35,000.00 1,400.00 Irish Baptist Aid Baptist Missions Baptist College Building Insurance Repairs Electricity Membership Fees Assoc of Baptist Churches Baptlst Magazines Gift Missionaries/Societies Baptist Youth Speakers Expenses Bank Fees BYE Team Miscellaneous Expenses NBC Pension Contribution Nl Water BT Internet Hannah Irwin CU College Team Oil SIS Materials J4U Club Ladies Meeting Kids 4 School Walk For Life CCLI Baptistwomen Scripture Union Pastorsalary Net Pay Pastors Expenses Incorne P Scheme HMRC PAYE Operations Mobilisation Annuity Fund Closing Bank Balance 60.00 1230.00 120.00 iioo.00 300.00 681.53 182.00 719.08 270.00 205.56 410.00 420.00 150.00 220.00 72.43 275.95 532.39 150.00 741.75 1038.65 308.00 205.56 376.39 995.00 120.00 236.00 76.12 1209.90 413.76 228.31 451.32 1200.00 454.08 900.00 250.00 551.54 1058.66 76.84 45.00 22.73 loo.00 50.00 405.20 loo.00 480.00 22318.19 1841.13 283.80 6110.96 2400.00 150.00 5000.67 175.98 160.00 loo.00 50.00 408.16 125.00 480.00 23064.48 1420.53 380.11 5421.11 2500.00 4694.03 £48,296.15 £47,981.75 £48,296.15 £47,981.75 Castlederg Baptist Church Statement of Recelpts and Payments Year ended 31st December2023 CURRENT ACCOUNT Income 2023 2022 Expenditure 2023 2022 Opening Bank Balance Collections Interest Received Transfers Irom Gift Aid EA Education Grant Heating Grant 5,000.67 8,389.26 6.22 33,300.00 1,000.00 600.00 4,477.37 7.085.53 18.85 35,000.00 1,400.00 Irish Baptist Aid Baptist Missions Baptist College Building Insurance Repairs Electriclty Membership Fees Assoc of Baptist Churches Baptist Magazines Gift Missionarieslsocieties Baptist Youth Speakers Expenses Bank Fees BYE Team Miscellaneous Expenses NBC Pension Contribution Nl Water BT Internet Hannah Irwin CU College Team 60.00 1230.00 150.00 741.75 120.00 iioo.00 300.00 681.53 182.00 719.08 270.00 205.56 1038.65 308.00 205.56 376.39 995.00 120.00 236.00 76.12 410.00 420.00 150.00 220.00 72.43 275.95 532.39 1209.90 413.76 454.08 900.00 250.00 551.54 228.31 451.32 1200.00 1058.66 76.84 SIS Materials J4U Club Ladies Meeting Kids 4 School Walk For Life CCLI Baptistwomen Scripture Union Pastor Salary Net Pay Pastors Expenses Incorne P Scheme HMRC PAYE Operations Mobilisation Annuity Fund Closing Bank Balance 175.98 160.00 loo.00 50.00 408.16 125.00 45.00 22.73 loo.00 50.00 405.20 loo.00 480.00 22318.19 1841.13 283.80 6110.96 2400.00 150.00 5000.67 480.00 23064.48 1420.53 380.11 5421.11 2500.00 4694.03 £48,296.15 £47,981.75 £48,296.15 £47,981.75 Castlederg Baptlst Church Statement of Recelpts and Payments Year ended 31st December 2023 GIFT AID ACCOUNT 2023 2022 Opening Bank Balance at Istjanuary Collections Interest Received Gift AidTax Relief Bank Fee Transfers to Current Account Transfersto Building Fund Transfer to Loan Account 31.761.31 24.210.00 17.99 5,926.10 -38.50 -33,300.00 -18,580.00 53,756.58 22.790.00 114.40 4.641.75 -40.80 -30,000.00 -14,200.00 -5,300.62 Closing Balance at 31st December 9,996.90 31,761.31 BUILDING FUNDACCOUNT 2023 2022 OpeningBank Balance at Istjanuary Collection Transfer from GiftAid Account Interest Received Bank Fee Loan Repayments Bank N Baptist Loan Building Costs Transferto Current ￿c 4,484.75 1,720.00 18,580.00 5.50 -42.05 15,729.59 2,820.00 14,200.00 21.89 -43.92 -524.50 -1,680.00 -21,038.31 -5,000.00 -1.540.00 -20.483.05 Closing Balance at 31st December 2,725.15 4,484.75 Castlederg Baptist Church Statement of assets and liabilities Year ended 315t December 2023 Restrlcted Funds Unrestricted Funds Total 2023 Funds Reconciliatlon Opening Bank and Cash Balance 28,555.63 28.555.63 Surpluslldeficltl for the year -22,547.27 -22,547.27 Closing Bank and Cash Balance 6,008.36 6,008.36 Bank and Cash Balances CurrentAccount Building Fund Account GiftAid Account Baptist Association Loan 4,694.03 2,725.15 9,996.90 -11,407.72 6,008.36 Other Assets Building Fixtures and Fittings Kitchen Equipment Upstairs Room Equipment Oil Burner 295,000.00 3,660.00 390.00 350.00 200.00 299,600.00 Approvett by the board of trustees on 28th April 2024 and signed on their behalf by Mr David Nesbltt Treasurer