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WIDCOMBE BAPTIST CHURCH REPORT & FINANCIAL STATEMENTS 31 DECEMBER 2022

Company Registration Number 05958521 Charity Number 1118796

WIDCOMBE BAPTIST CHURCH

REPORT & FINANCIAL STATEMENTS

31 DECEMBER 2022

Contents	Pages
Trustee Directors’ Annual Report	1 – 6
Reference and Administrative Information	7
Independent Examiner’s Report	8
Statement of Financial Activities	9
Balance Sheet	10
Cashflow Statement	11
Notes to the Financial Statements	12 – 24

WIDCOMBE BAPTIST CHURCH

TRUSTEE DIRECTORS’ ANNUAL REPORT

31 DECEMBER 2022

The Trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 December 2022.

Objectives of Widcombe Baptist Church

To advance the Christian faith in accordance with the Covenant of Membership, Declaration of Faith and Church Rules as set out in the Church Members’ Handbook,
to relieve persons who are in conditions of need or hardship, or who are aged or sick,
to advance education in accordance with Christian principles,

all as the Trustee Directors may consider appropriate, in Bath and in such other parts of the United Kingdom or the world as the Trustee Directors see fit.

Structure, governance and management

Widcombe Baptist Church is a Registered Company No. 05958521 and a Registered Charity No. 1118796.

There have been no changes to the structure, governance or management in 2022.

The Trustee Directors of the charitable company are the Ministers, Elders and willing Deacons of Widcombe Baptist Church recruited and appointed as defined in the Church Rules. For Ministers and Elders this involves support demonstrated by not less than 75% of the votes cast by ballot of Full Church Members and for Deacons it involves support demonstrated by not less than 66.6% of the votes cast by ballot of Full Church Members.

New Trustee Directors are provided with guidance issued by the Charity Commission regarding the duties of Trustee Directors.

The Church is affiliated to the Fellowship of Independent Evangelical Churches (FIEC).

Activities

1. To advance the Christian faith.

a) In Bath: The Church proclaims the Christian Gospel through regular Sunday services and other meetings during the week, a Sunday School and clubs and activities for children, young people, students and the elderly from the surrounding area.
b) In the United Kingdom: The Church has supported workers involved with the international communities in London, and with students at universities and colleges throughout the United Kingdom. The Church has also supported the Fellowship of Independent Evangelical Churches, which seeks to establish new churches, restore struggling churches and train people for Christian ministry across the United Kingdom.

WIDCOMBE BAPTIST CHURCH

TRUSTEE DIRECTORS’ ANNUAL REPORT

31 DECEMBER 2022

c) In the world: The Church has supported workers in Romania, Rajasthan, Myanmar, France, Central and Eastern Europe, South Africa and other parts of Africa, and nomadic peoples in Northern Africa and in the Middle East.
d) The Church hosts a website offering information and sermons preached at the Church in Bath. In 2021 the website was visited approximately 1,250 times per month. Throughout the year, there were on average 55 views of each service broadcast on YouTube and approximately 275 historical sermon downloads per month. The You Tube channel was viewed over 35,000 times in 2022. Additionally, the church social media channels have grown on Twitter, Facebook.

2. To relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused thereby.

a) In Bath: The Church has supported the Genesis Trust which seeks to help people in need and hardship and has supported the Bridgemead residential home for elderly people. The Church operates a weekly coffee morning, 'Coffee Plus', for retired people, for companionship and as an introduction to church life. The Church operates a ‘Toddlers’ group and a Baby Group to support carers of young children in the surrounding area.
b) In the world: The workers supported by the Church have been involved in helping people in need by providing ministry in Rajasthan and by providing funds supporting a foodbank and employment for gypsy communities in Romania. The church also supports specific requests for financial assistance when major disasters (such as floods, hurricanes and droughts) affect impoverished communities.
To advance education in accordance with Christian principles.
a) In Bath: The Church provided regular education and training through Sunday School and other activities for people of all ages. Four Ministry Trainees have been based and trained at the Church throughout the year. The Church has also supported a group which is invited to lead school assemblies and provide workshops as part of schools’ programmes of religious education. The Church has trained a number of individuals who preach the gospel at other churches in the area.
b) In the United Kingdom: Members of the Church have been involved in outreach projects in the summer and at other times including beach missions and youth camps. The church released Paul Mallard to speak at various conferences throughout the UK.
c) In the world: The workers supported by the Church have been involved in long running educational projects in South Africa, Rajasthan, Myanmar and Central and Eastern Europe providing basic skills to people who would otherwise be uneducated, providing training for Christian leaders and the development of business and political leaders. The church has also supported various individuals going abroad on gap year and other short-term appointments.

WIDCOMBE BAPTIST CHURCH

TRUSTEE DIRECTORS’ ANNUAL REPORT

31 DECEMBER 2022

Fundraising

In accordance with the Charities SORP (FRS 102) the Trustee Directors are required to report on certain aspects of fundraising. The requirements and comments are tabulated beneath

Issue requiring comment	Comment
The fundraising approach taken by the charity, or by anyone acting on its behalf, and whether a professional fundraiser or commercial participator carried out any fundraising activities.	Members and the congregation are invited to make gifts to support the work of the Church. A box for offerings is kept at the back of the church. There is no compulsion on members to give. No professional fundraiser or commercial participator is used.
Details of any fundraising standards or scheme for fundraising regulation that the charity has voluntarily subscribed to.	None
Details of any fundraising standards or scheme for fundraising regulation that any person acting on behalf of the charity has voluntarily subscribed to.	None
Details of any failure by the charity, or by any person acting on its behalf, to comply with fundraising standards or scheme for fundraising regulation that the charity or the person acting on its behalf has voluntarily subscribed to.	Not applicable.
Whether the charity monitored the fundraising activities of any person acting on its behalf and, if so, how it did so.	Not applicable.
The number of complaints received by the charity, or by a person acting on its behalf for the purposes of fundraising, about fundraising activity.	None
What the charity has done to protect vulnerable people and other members of the public from behaviour which: • is an unreasonable intrusion on a person’s privacy. • is unreasonably persistent. • places undue pressure on a person to give money or other property.	The financial needs of the church are periodically laid before members, but all fundraising is voluntary with no compulsion to give. Individuals are never approached separately to make gifts. No collection is taken in Services. Only the Treasurer and his team of 2 other people are aware of what has been given by individuals.

Review of developments and achievements

During 2022 the membership increased from 227 to 235. 10 people were baptised. The regular Sunday morning congregation exceeds 300 people.

In March, Paul Mallard retired as Pastor and resigned as a Trustee.

WIDCOMBE BAPTIST CHURCH

TRUSTEE DIRECTORS’ ANNUAL REPORT

31 DECEMBER 2022

After extensive prayerful consideration, the Elders recommended Tom Heasman be appointed Pastor and Trustee. This recommendation was supported by the membership and Tom took up his responsibilities from 1[st] September 2022.

Tom relocated from London. The Trustees have agreed to assist with a manse. The residential property at 4 Abbey View Gardens is unsuitable for this purpose and has been sold for £700,000 with completion due 6[th] April 2023.

An offer has been made on a new, suitable property costing £775,000, that is under construction and will serve as a manse for Tom and his family. The purchase will be funded by the sale proceeds of Abbey View Gardens and up to £95,000 of reserves from the General Fund. Until then the church is renting a property as a temporary manse at a cost of £1,800pm, to which Tom contributes £500 per month

The Trustees meet bi-monthly, or more frequently if required, to manage the affairs of the Church, review the financial position and track the progress of major projects. A full Church Members’ meeting is held quarterly.

Investment powers

There are no specific restrictions on the Trustee Directors’ investment powers.

Risk analysis

Major risks to which the Charity is exposed have been assessed and where necessary steps have been taken to minimise those risks. The Church Manager has specific responsibility for matters relating to Health and Safety and other regulatory issues. A GDPR Policy was adopted by the church in 2018.

Training in Child Protection, Health and Safety and Food handling is provided to appropriate personnel. The Church has a Safeguarding Policy which is reviewed regularly and implemented with advice from Thirtyone:eight.

Financial Review

General Fund Income fell by £11,573 to £373,256, but this was because legacies of £37,000 were received in 2021. No legacies were received in 2022 but regular gifts increased by £10,000.
General Fund Expenses increased by £18,258 to £381,934 as all activities returned to normal after the Covid 19 lockdowns in 2020 and 2021.
General Fund net income fell by £29,831, from a surplus of £21,153 to a deficit of £8,678, primarily because £21,000 was spent of one-off expenses to fit out the new extension completed in 2021.
The Directors have established a policy whereby General Funds not designated for a specific purpose (“the free reserves”) should be able to meet two months’ ordinary General Fund expenditure, which equated to £50,000 in 2022. At this level the

WIDCOMBE BAPTIST CHURCH

TRUSTEE DIRECTORS’ ANNUAL REPORT

31 DECEMBER 2022

Trustee Directors feel that they would be able to continue the current activities in the event of a significant drop in funding. Free Reserves increased by £45,656 to £149,563. Of this increase, £17,868 came from the release of funds previously designated for improvements to the church premises.

Providing there are sufficient free reserves to cover 2 months general expenses and any capital expenditure expected in the next 3 years, the Trustees plan to distribute all General Fund income each year to works that support the Church’s objectives.
Monthly financial reports are presented to meetings of Elders and Deacons. Financial Reports are presented at the Church Members’ meeting each quarter.

Properties

The charity owns 2 residential properties in addition to the main church premises.

7 Spring Garden’s Road, Bath is used specifically to further the objectives of the charity and is currently occupied by a retired missionary at below market rate rent. Income and expenditure in respect of this property is treated as a charitable activity. This property is valued at £325,000, which is no change from 2021.
4 Abbey View Gardens was rented on a commercial basis and is not treated as a charitable activity but as a separate rental property activity from which the charity derives an income. This property was sold, subject to contract, in December 2022 for £700,000; the sale completed in April 2023. The proceeds will be used to buy a new manse for the pastor. The sale value is an increase of £75k in value since the December 2021 valuation and the asset is reported at a value of £700,000 in the 2022 Balance Sheet.

Remuneration of Trustee Directors

The charity’s constitution allows for no more than one third of the Trustee Directors to be remunerated for day to day running of the charity. Please see note 19 for details. Remuneration for charity employees is recommended by the Treasurer and approved by a majority of non–salaried Trustee Directors.

WIDCOMBE BAPTIST CHURCH

TRUSTEE DIRECTORS’ ANNUAL REPORT

31 DECEMBER 2022

Trustee Directors’ responsibilities

The Trustee Directors are responsible for preparing the Trustee Directors’ Report (incorporating the strategic report and directors’ report) and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Accepted Accounting Practice).

Company law requires the Trustee Directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the income and expenditure of the charitable company for that period. In preparing these financial statements, the Trustee Directors are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The Trustee Directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustee Directors have read and had regard to the guidance on public benefit issued by the Charity Commission and have considered this and reviewed it at Trustee Directors' meetings to ensure that the projects developed by the Charity are relevant and topical for the public benefit.

By order of the Trustee Directors

C P Hutchison, Treasurer and Trustee Director Date:

WIDCOMBE BAPTIST CHURCH

REFERENCE & ADMINISTRATIVE INFORMATION

31 DECEMBER 2022

Legal Status

Widcombe Baptist Church is a charitable company limited by guarantee, governed by memorandum and articles of association (dated 6 October 2006).

Trustee Directors

The trustee directors who have served during the year and since the year end are as follows:

A C Barnett A W Battle D M Bolton R L Evans T Heasman (appointed December 2022) R Henwood C P Hutchison P A Mallard (resigned March 2022) J Pollard A Rose C R Todman N Willoughby K C W Wiltshire

Registered Office

Ebenezer Terrace, Pulteney Road, Bath, BA2 4JR

Independent Examiner

Solicitor

Joshua Kingston ACA Burton Sweet Limited Queen Square The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR

Stone King LLP Bath BA21 2HJ

Bankers

CAF Bank 25 Kings Hill Avenue West Malling Kent ME19 4JQ

Registered company number: 05958521 Registered charity number: 1118796

WIDCOMBE BAPTIST CHURCH

INDEPENDENT EXAMINER’S REPORT

31 DECEMBER 2022

I report to the charity trustees on my examination of the accounts of Widcombe Baptist Church (‘the Company’) for the year ended 31 December 2022.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination; or
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Joshua Kingston ACA Date: …………………………. Burton Sweet Limited The Clock Tower, 5 Farleigh Court, Old Weston Road, Flax Bourton Bristol BS48 1UR

WIDCOMBE BAPTIST CHURCH

STATEMENT OF FINANCIAL ACTIVITIES (Including Income and Expenditure Account)

YEAR ENDED 31 DECEMBER 2022

Unrestricted Funds £ 337,181 22,094 13,981	Restricted Funds £ 80,339 - -	Total Funds 2022 £ 417,520 22,094 13,981	Total Funds 2021 £ 698,919 10,644 17,100
373,256	80,339	453,595	726,663
6,749 375,185	- 40,861	6,749 416,046	15,599 379,691
381,934	40,861	422,795	395,290
(8,678) 39,038 74,384	39,478 (39,038) -	30,800 - 74,384	331,373 - (896,329)
104,744 1,694,643	440 130	105,184 1,694,773	(564,956) 2,259,729
1,799,387	570	1,799,957	1,694,773

The charity has no recognised gains and losses other than the results for the period as set out above

All of the activities of the charity are classed as continuing

The comparative Statement of Financial Activities is shown in note 10

The notes on pages 12 to 24 form part of these financial statements

WIDCOMBE BAPTIST CHURCH BALANCE SHEET

AS AT 31 DECEMBER 2022

Note Fixed assets Tangible assets 12 Investments 13 Current assets Debtors 14 Cash at bank and in hand Creditors : Amounts falling due within one year 15 Net current assets Net assets Funds Restricted funds 17 17 Unrestricted Designated funds 17 Unrestricted General funds (includes property revaluation reserve of £1,546,000 (2021: £444,671)	2022 £ 947,771 700,000 1,647,771 15,371 141,394 156,765 (4,579) 152,186 1,799,957 570 1,797,334 2,053 1,799,957	2021 £ 961,170 600,000
		1,561,170 13,476 127,069
		140,545 (6,942)
		133,603
		1,694,773
		130 1,665,077 29,566
		1,694,773

For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the trustees and are signed on their behalf by:

……………………………………… Chris Hutchison Church Treasurer and Trustee Company registration number: 05958521

Date:

The notes on pages 12 to 24 form part of these financial statements

WIDCOMBE BAPTIST CHURCH CASHFLOW STATEMENT

YEAR ENDED 31 DECEMBER 2022

2022 Note £ Cashflows from operating activities A 42,099 Cashflows from non-operational activities Investing Activities Improvements to Freehold Property (25,616) Purchase of tangible fixed assets (2,158) (27,774) Net Cash inflow (outflow) for the year B 14,325 NOTES TO CASHFLOW STATEMENT A. Reconciliation of net movement in funds to net cash inflow from operating activities Statement of Financial Activities: Net movement in funds 105,184 (Gains) / losses on revaluation of fixed assets (74,384) Depreciation 15,557 Increase (Decrease) in creditors 1,237 Increase (Decrease) in payments in advance (3,600) (Increase) Decrease in Debtors (1,895) Cashflows from operating activities 42,099 B. Analysis of changes in cash during the year 2022 2021 Change £ £ £ Cash at Bank and in hand 141,394 127,069 14,325 141,394 127,069 14,325 Comparative changes in cash 2021 2021 2020 Change £ £ £ Cash at Bank and in hand 127,069 432,316 (305,247) 127,069 432,316 (305,247)	(25,616) (2,158)	2022 £ 42,099 (27,774)	2021 £ 371,772 (677,019)

		14,325	(305,247)
			(564,956) 896,329 17,712 135 3,600 18,952
		42,099	371,772
		Change £ 14,325
141,394	127,069	14,325
2021 £ 127,069	2020 £ 432,316	Change £ (305,247)
127,069	432,316	(305,247)

The notes on pages 12 to 24 form part of these financial statements

WIDCOMBE BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

(a) Basis of preparation

The financial statements have been prepared in accordance with the historical cost convention (except for investments which have been included at fair value) and in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in Oct 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice applicable from 1 Jan 2019.

The charity is a public benefit entity as defined under FRS102.

The trustees believe that there are no material uncertainties affecting the ability of the charity to continue as a going concern.

(b) Income

Income from donations are included when these are receivable, except as follows:

i) When donors specify that donations given to the charity must be used in future accounting periods, the income is deferred until those periods.

ii) When donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred until the pre-conditions have been met.

Gift Aid tax refunds are claimed on all eligible gifts in accordance with HMRC rules. Where the Trustees open a specific Fund and solicit gifts, Gift Aid refunds on these restricted gifts is credited to the specific Fund. However, where donors make gifts that supplement an activity already supported by the General Fund, Gift Aid refunds on these restricted gifts is credited to the General Fund unless the donor specifically asks that the Gift Aid refund goes to the same beneficiary as their gift.

Legacies are recognised when the charity is legally entitled to the legacy and the amount can be quantified with reasonable accuracy. Entitlement is regarded as the earlier of the charity being notified of an impending distribution or the legacy being received.

Investment income is included in the SOFA when receivable.

(c) Expenditure

Expenses are recognised when incurred and are apportioned where possible exactly to the category to which they relate. In circumstances where this is not possible the trustees apportion the amounts on a basis consistent with the use of resources.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the independent examination fees and costs linked to the strategic management of the charity. Governance costs are included within support costs.

(d) Fixed Assets

All tangible fixed assets costing £750 or more were capitalised.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Equipment: 20% straight line.

Whatever the date of acquisition, a full year's depreciation charge is made in the year of acquisition.

No depreciation is charged on freehold properties, which instead are revalued each year and are subject to a regular program of inspection and maintenance. The Trustees revalue the property on the basis of advice from a qualified professional acting in a personal capacity. The effective date of the last revaluation was 31 Dec 22. Investment properties are initially recognised at cost then subsequently measured at fair value at the reporting date. The Trustees revalue the property on the basis of advice from a qualified professional acting in a personal capacity. Depreciation is not charged on investment properties.

(e) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid ned of any trade discounts due.

(f) Cash at bank and cash in hand

This includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

WIDCOMBE BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2022

Accounting policies (continued)

(g) Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

(h) Pension Scheme

The charity operates defined contribution pension scheme arrangements. Contributions payable to the schemes are charged to the Statement of Financial Activities in the period to which they relate. These contributions are invested separately from the charity's assets.

(i) Fund Accounting

Unrestricted funds can be used in accordance with the charitable objects at the discretion of the Trustees. Designated funds are unrestricted funds held by the treasurers of church auxiliaries for use in auxiliary activities. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

2 Income from: Donations and legacies

2022

Donations and gifts Income tax refunds Listed Places of Worship VAT refund grant	Unrestricted Funds £ 274,774 58,107 4,300	Restricted Funds £ 71,957 8,382 -	Total Funds 2022 £ 346,731 66,489 4,300
	337,181	80,339	417,520

Comparative donations and legacies for the year ended 31 December 2021

Donations and gifts Income tax refunds	Unrestricted Funds £ 301,759 55,326	Restricted Funds £ 302,559 39,275	Total Funds 2021 £ 604,318 94,601
	357,085	341,834	698,919

3 Income from: charitable activities

Auxiliary activities Hire of rooms Other General Fund Income Spring Gardens Road Property	Total Funds 2022 £ 4,509 6,630 5,755 5,200	Total Funds 2021 £ 1,783 225 3,836 4,800
	22,094	10,644

All income from Charitable Activities for the current and prior year was unrestricted.

WIDCOMBE BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022

4 Income from: Investments

Property rental income Interest on bank and building society deposits	Total Funds 2022 £ 13,720 261	Total Funds 2021 £ 17,100 -
	13,981	17,100

All income from Investments for the current and prior year was unrestricted.

5 Expenditure on: charitable activities

Activities in Bath Activities elsewhere in the UK Activities outside the UK	£ 56,895 13,272 61,676 Grants made (Note 6)	£ 98,676 - - Direct costs	£ 181,817 1,855 1,855 Support costs	Total Funds 2022 £ 337,388 15,127 63,531
	131,843	98,676	185,527	416,046

Comparative charitable activities for the year ended 31 December 2021

Activities in Bath Activities elsewhere in the UK Activities outside the UK	£ 48,323 13,378 57,076 Grants made (Note 6)	£ 83,414 - - Direct costs	£ 173,950 1,775 1,775 Support costs	Total Funds £ 305,687 15,153 58,851 2021
	118,777	83,414	177,500	379,691

Direct costs Staff costs (Pastors & Pastoral Care) Core Activities (Youth work, Guest speakers, special events) International Café Auxiliary Accounts	Total Funds 2022 £ 83,849 6,708 3,414 4,705	Total Funds 2021 £ 75,516 5,645 723 1,530
	98,676	83,414

WIDCOMBE BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2022

DCOMBE BAPTIST CHURCH AR ENDED 31 DECEMBER 2022 TES TO THE FINANCIAL STATEMENTS
Expenditure on: charitable activities continued Support costs Staff Costs (Manager and Administrator) Office and Miscellaneous Costs Insurance Fuel Cleaners, cleaning equipment and materials Church Flat Maintenance of premises and equipment and equipment purchases < £750 New Building Project fitting out Premises Improvement Project Rent of Englishcoombe Lane (temporary manse) 7 Spring Gardens Road Governance costs (see note 7) Equipment depreciation	Total Funds 2022 £ 63,601 20,915 8,577 10,729 6,696 1,961 19,437 9,449 12,800 13,500 115 2,190 15,557	Total Funds 2021 £ 49,669 21,470 7,612 9,748 4,079 1,896 19,306 11,413 32,387 - - 2,208 17,712
	185,527	177,500

WIDCOMBE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2022

6 Analysis of grants

2022 *To Organisations* £ Activities in Bath Genesis Trust 3,000 Bridgecare & Ray King Memorial Fund 11,500 Bath Youth for Christ 1,008 Focus Counselling 250 Open Christmas 250 Prospects - University of Bath CU 200 Bath Spa Uni - CU 200 Activities elsewhere in the UK Friends International 5,614 UCCF 500 FIEC 6,858 Contagious 300 Activities outside the UK Frontiers - UFM Worldwide 1,500 South Asia Concern (NVS) 1,000 Mission in Romania 6,970 Missionary Christmas gifts - Barnabus 1,200 Innovista 10,079 *Sub Total to Organisations* To individuals	2021 £ 3,000 1,500 1,000 - 500 200 250 250 16,408 5,110 500 7,468 300 13,272 13,750 1,500 1,000 5,242 1,000 - 2,996 20,749 50,429 81,414 131,843
		6,700
		13,378
		25,488
		45,566 73,211
		118,777

WIDCOMBE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2022

7	Governance costs Independent examiner's fees Current year	2022 £ 2,190	2021 £ 2,208
		2,190	2,208

8 Net income/(expenditure)

This is stated after charging:

2022 £ Remuneration of trustees (see note 19) 128,042 Trustees' expenses reimbursed (4 trustees; 2021 - 3 trustees) 8,094 for travel, use of phone for work, training, conferences and Heasman relocation costs Depreciation 15,557 Independent Examiner's fee 2,190	2021 £ 107,982 1,654 17,712 2,208

9 Staff costs and numbers

The aggregate staff costs were

Wages and salaries Social security costs Pension costs Staff numbers Based on average headcount of employees Pastoral Administrative Staff numbers Full time equivalent Pastoral Administrative	2022 £ 114,585 12,262 20,603	2021 £ 100,075 9,296 15,814
	147,450	125,185
	No. 3.0 2.0	No. 3.0 2.0
	5.0	5.0
	2.6 1.5	1.9 1.5
	4.1	3.4

No staff received employment benefits of more than £60,000 (excluding employer's national insurance and pension contributions) in 2022 or 2021.

The Trustees consider the key management personnel of the charity to be themselves. Total benefits received for services to the charity including employer's national insurance and pension contributions were £125,913 (2021: £107,982).

WIDCOMBE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2022

10 Comparative Statement of Financial Activities for the year ended 31 December 2021

Unrestricted Funds £ 357,085 10,644 17,100	Restricted Funds £ 341,834 - -	Total Funds 2021 £ 698,919 10,644 17,100
384,829	341,834	726,663
15,599 348,077	- 31,614	15,599 379,691
363,676	31,614	395,290
21,153 646,407 (896,329)	310,220 (646,407) -	331,373 - (896,329)
(228,769) 1,923,412	(336,187) 336,317	(564,956) 2,259,729
1,694,643	130	1,694,773

11 Taxation

The charity is exempt from corporation tax on its charitable activities.

WIDCOMBE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2022

Freehold Property £ 925,000 25,616 (25,616)	Equipment £ 243,812 2,158 -	Total £ 1,168,812 27,774 (25,616)
925,000	245,970	1,170,970
- -	207,642 15,557	207,642 15,557
-	223,199	223,199

925,000	22,771	947,771
925,000	36,170	961,170

If the freehold land and buildings had not been revalued they would have been included at the following historical cost:

Church building and associated premises Freehold house Analysis of freehold properties at valuation Held for use by the charity: Church Premises Dec 2021 Valuation (after to new extension) Church premises extension - under construction 2019 costs Church premises extension - under construction 2020 costs Church premises extension - under construction 2021costs Church Premises revaluation adjustment 2021 Church premises extension - final costs 2022 Church Premises revaluation adjustment 2022 Residential property held for mixed purposes	2022 £ not known 79,000 600,000 23,675 311,968 660,686 (996,329) 25,616 (25,616) 325,000	2021 £ not known 79,000 600,000 23,675 311,968 660,686 (996,329) 325,000
	925,000	925,000

The residential property was revalued at 31 December 2022 by an experienced property agent. The church premises was professionally valued in December 2021 and updated by an experienced agent in December 2022. On an existing use basis the opinion is that the market value remains £600,000. To reflect the up to date valuation a revaluation adjustment has been made to cancel out the capitalised expenses of the extension incurred in 2022 as occurred in prior years.

WIDCOMBE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2022

13 Investment Property

Investment Property
At 31 December 2021 At 31 December 2022	£ 600,000
	700,000

The investment property is held at fair value. The fair value is considered to be the market value at 31 December 2022. A professional valuation, based on market value, was provided by an experienced local property agent. The historical purchase price of the property is not known. The property has been sold for £700,000, completing in April 2023.

14 Debtors

Debtors
Income tax recoverable	2022 £ 15,371	2021 £ 13,476
	15,371	13,476

15 Creditors: amounts falling due within one year

Accrued expenses Advance payments received	2022 £ 4,579 -	2021 £ 3,342 3,600
	4,579	6,942

WIDCOMBE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2022

16 Movements in funds

For the year ended 31 December 2022

At 1 January 2022 £ - 100 - - - - 30	Income and Gains £ 39,038 8,564 81 10,079 150 770 21,657	Expenditure and Losses £ - (8,664) (81) (10,079) (150) (385) (21,502)	Transfers £ (39,038) - - - - - -	At 31 December 2022 2 - - - - - 385 185
130	80,339	(40,861)	(39,038)	570
2,249 27,317 444,671 1,220,406	4,509 - 74,384 368,747	(4,705) (9,449) (367,780)	- (17,868) 1,026,945 (970,039)	2,053 - 1,546,000 251,334
1,694,643	447,640	(381,934)	39,038	1,799,387

1,694,773	527,979	(422,795)	-	1,799,957

Restricted Funds

Restricted funds are principally where the church collects gifts for specific purposes. Such gifts and offerings are normally passed on to the nominated beneficiaries soon after receipt.

Building Fund

The building of a new extension and refurbishment of the existing premises to provide additional capacity, improved flexibility of use and support outreach and accessibility. Building Fund expenses are capitalised as "Church extension" (note 12) and booked as Transfer to General Fund (note 16) with the contra being a credit to the General Fund (Note 12. The Building Fund is now closed.

Bridgemead

A Christian Home for the elderly. These gifts are to support the project to protect the building from flooding.

May Culver Funeral Offering

The widow of a former pastor. Funds have been distributed in accordance with the family's

Innovista

Provides practical support and training to Christian leaders in the Ukraine and other parts of eastern Europe. In 2022 we provided £10,079 to help local churches support refugees in Ukraine.

Barnabus Fund

Provides spiritual and practical assistance to persecuted Christians. Our gifts were for flood relief in Pakistan.

Mission to Europe

Gifts to support work in Romania, in addition to Gifts made by the Church from the General Fund.

Gifts to Individuals

Gifts to missionaries from individuals, in addition to Gifts made by the Church from the General Fund.

WIDCOMBE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022

16 Movements in funds - continued

Designated funds

Designated funds are included within unrestricted funds in the SOFA and include:

Designated Auxiliary funds

For Junior Church, Youth Groups, Men's' Breakfast, Ladies Brunch, Toddlers and Coffee Plus.

Designated Building fund

The trustees set aside £60,000 from the General Fund to support the building project and refurbishment of the existing premises. Expenses relating to AV, Insurance, finance costs and other work done "in-house" were charged to this fund. The work was completed in 2022 leaving £17,868 unspent, which is transferred to the General funds.

Property Revaluation Reserve

The total of property value unrealised gains accrued to date included in the balance sheet. The value of the revaluation reserve has been corrected this year by way of a transfer from General funds of £1,026,945.

For the year ended 31 December 2021

At 1 January 2021 £ 333,025 100 3,192	Income and Gains £ 313,219 3,380 25,235	Expenditure and Losses £ - (3,380) (28,234)	Transfers £ (646,244) - (163)	At 31 December 2021 £ - 100 30
336,317	341,834	(31,614)	(646,407)	130
1,996 46,938 1,341,000 533,478	1,783 - - 383,046	(1,530) (19,621) (896,329) (342,525)	- - - 646,407	2,249 27,317 444,671 1,220,406
1,923,412	384,829	(1,260,005)	646,407	1,694,643

2,259,729	726,663	(1,291,619)	-	1,694,773

WIDCOMBE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022

17 Analysis of net assets between funds

As at 31 December 2022

Tangible Fixed Assets £ - 947,771 -	Investments £ - 700,000 -	Other Net Assets £ 570 149,563 2,053	Total £ 570 1,797,334 2,053
947,771	700,000	152,186	1,799,957
Tangible Fixed Assets £ - 961,170 -	Investments £ - 600,000 -	Other Net Assets £ 130 103,907 29,566	Total £ 130 1,665,077 29,566
961,170	600,000	133,603	1,694,773

18 Company limited by guarantee

The company is limited by guarantee and as such has no issued share capital. In the event of the company being wound up the liability of the members is limited to £1 each.

WIDCOMBE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2022

19 Related party transactions

Trustee remuneration:

Remuneration, pensions and benefits for employed Trustees was as follows for the year ended 31 December 2022.

The minimum number of Trustees that held office in the year was 11 (2021: 11).

Salary & Employer NI £ 20,836 18,941 25,823 9,410 40,039	Employer pension £ 2,454 1,623 3,891 871 4,154	Total 2022 2 23,290 20,564 29,714 10,281 44,193
115,049	12,993	128,042

		65,599

Comparative Trustee Remuneration 2021

Salary & Employer NI £ 36,388 22,307 38,789	Employer pension £ 4,089 2,319 4,090	Total 2021 £ 40,477 24,626 42,879
97,484	10,498	107,982

		48,795

2022-12-31-accounts

WIDCOMBE BAPTIST CHURCH REPORT & FINANCIAL STATEMENTS 31 DECEMBER 2022

REPORT & FINANCIAL STATEMENTS

31 DECEMBER 2022

TRUSTEE DIRECTORS’ ANNUAL REPORT

31 DECEMBER 2022

Objectives of Widcombe Baptist Church

Structure, governance and management

Activities

1. To advance the Christian faith.

WIDCOMBE BAPTIST CHURCH

TRUSTEE DIRECTORS’ ANNUAL REPORT

31 DECEMBER 2022

TRUSTEE DIRECTORS’ ANNUAL REPORT

31 DECEMBER 2022

Fundraising

Review of developments and achievements

TRUSTEE DIRECTORS’ ANNUAL REPORT

31 DECEMBER 2022

Investment powers

Risk analysis

Financial Review

TRUSTEE DIRECTORS’ ANNUAL REPORT

31 DECEMBER 2022

Properties

Remuneration of Trustee Directors

WIDCOMBE BAPTIST CHURCH

TRUSTEE DIRECTORS’ ANNUAL REPORT

31 DECEMBER 2022

Trustee Directors’ responsibilities

REFERENCE & ADMINISTRATIVE INFORMATION

31 DECEMBER 2022

Legal Status

Trustee Directors

Registered Office

Independent Examiner

Solicitor

Bankers

INDEPENDENT EXAMINER’S REPORT

31 DECEMBER 2022

Responsibilities and basis of report

Independent examiner’s statement

WIDCOMBE BAPTIST CHURCH

STATEMENT OF FINANCIAL ACTIVITIES (Including Income and Expenditure Account)

YEAR ENDED 31 DECEMBER 2022

The notes on pages 12 to 24 form part of these financial statements

WIDCOMBE BAPTIST CHURCH BALANCE SHEET

AS AT 31 DECEMBER 2022

The notes on pages 12 to 24 form part of these financial statements

WIDCOMBE BAPTIST CHURCH CASHFLOW STATEMENT

YEAR ENDED 31 DECEMBER 2022

WIDCOMBE BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

(a) Basis of preparation

(b) Income

(c) Expenditure

(d) Fixed Assets

(e) Debtors

(f) Cash at bank and cash in hand

WIDCOMBE BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2022

Accounting policies (continued)

(g) Creditors

(h) Pension Scheme

(i) Fund Accounting

2 Income from: Donations and legacies

2022

Comparative donations and legacies for the year ended 31 December 2021

3 Income from: charitable activities

WIDCOMBE BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022

4 Income from: Investments

5 Expenditure on: charitable activities

Comparative charitable activities for the year ended 31 December 2021

WIDCOMBE BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2022

WIDCOMBE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS