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2020-12-31-accounts

Westbury-on-Trym
Baptis		 t Church
Statutor yInformation Page 3
Church Secretary's Report Page 4
Independent
Examiner's
Report		 Page 10
Statement ofFinancial Activities Page 11
Balance sheet at 31«December 2020 Page 12
Notes to the accounts Page 13
Expenditure
analyses		 Page 22
Connected Accounts Page 24

12MONTHS ENDED 31 DE CE MBER 2020
Notes Unrestricted Designated Restricted Endowment 2020 2019
Income and
endowments
from
Donations
and legacies		 97963 475 13912 0 112349 117576
Investment
income		 26733 0 0 0 26733 31933
Charitable
activities		 0 4972 0 4972 6338
Other trading
activities		 17117 0 17117 50639
Other 1918 1918 2640
Total incoming
resources		 143730 5447 13912 0 163089 209126
Expenditure
Raising Funds 4531 0 0 0 4531 4873
Charitable
Activities		 117154 11322 14212 5317 148004 203154
Other expenditure 18733 18733
Total Expenditure 140417 11322 14212 5317 171268 208027
Net incoming resources
before gains/losses
on investments		 3313 -5875 -300 -5317 -8179 1099
Increase on investment
value		 5480 0 0 5480 14653
Net Income
/ (Expenditure)		 for
the Year 8793 -5875 -300 -5317 -2699 15752
Transfers between
funds		 17-19 835 -835 0 0
Net movement
in Funds		 9628 -6710 -300 -5317 -2699 15752
Other recognised
gains/(lasses)
Net gains/ (losses) on the
revaluation
of fixed assets.		 0 0 0
Actuarial
gains/ (losses) on		 12209 0 12209 -532
defined benefit pension schemes.
Net movement
in Funds		 21837 -6710 -300 -5317 9510 15220
Total Funds brought
forward		 24 42796 285026 3263 417941 749026 733341
Total Funds carried forward 64632 278316 2963 412624 758535 748561

Accounting
Policies
a Basis of preparation
The accounts are prepared
in accordance
with the Charities
Statement
of Recommended
Practice (Charities SORP 2015),FRS102and with the Charities
Act 2011.
Westbury
Baptist Church
is a registered
charity, no. 1132392and meets the definition		 of a public
benefit entity under FRS102.Assets and liabilities are initially recognised
at historical		 cost or
transaction
value unless otherwise
stated
in the relevant
policy notes.
Income recognition
All incoming
resources are included
in the Statement
of Financial
Activities when		 the charity is
legally entitled to the income after any performance
conditions
have been met,		 the amount can
be measured
reliably and it is probable that the income
will be received.
c Donations
Donations are accounted
for gross when received.
Legacies
Legacies are accounted
for at the earlier ofthe Estate accounts
being finalised		 and notified
and the legacy being received.
e Investment
income
Investment
income is included
in the accounts
in the year in which
it is receivable,
Expenditure
recognition
All expenditure
is accounted
for on an accruals basis. Expenditure
is recognised		 where there is a
legal or constructive
obligation
to make payments
to third parties,
it is probable		 that settlement
will be required
and the amount of the obligation
can be measured
reliably.
Costs of raising funds
The church does not make formal appeals for funds, and expenditure
on these		 items is
therefore
not material.
However,
Investment
and letting fees are now treated as costs		 of funds.
Grants payable
The church makes grants to other organisations
whose charitable
objects complement		 its work.
They are accounted
for when the recipient has been notified of the grant and payment		 is
unconditional.
Support costs
Support costs are those that assist the work ofthe church but do not directly represent
charitable
activities and include office costs and goverance costs. Where support		 costs cannot
be directly attributed
to particular
headings
they have been allocated to the cost of raising
funds and expenditure
on charitable
activities on abasis consistent
with the use		 of resources.
This represents
direct expenditure
on the governance
ofthe church. Most ofthe		 management
is carried out without charge by volunteers.
This intangible
cost is not included		 in the
SOFA since there is no measurable
cost to the volunteers
for their service.
Fixed Assets
Tangible fixed assets are capitalised
if they can be used for more than one year and cost at least
81000. They are initially recognsed
at cost, or for donated assets, at a reasonable
estimate
oftheir value on receipt.
Depreciation
Depreciation
is provided
on all fixed assets, other than freehold
land, to write off		 the cost on
a straight-line
basis over their expected useful
life, at the following
rates
Buildings
1%
Furniture
and fittings
10%-15%
Computer
and electrical equipment
20%

YEAR ENDED 31 D EC EM BER 2020 BER 2020
Notes Unrestrictec Designated Restricted Endowment 2020 2019
f R R
3.
Investment
Income
Rent receivable: manse 19316 19316 22800
Bank 8 investment interest 1733 1733 6408
Dividends
from invested		 funds 5684 5684 2725
26733 0 26733 31933
4.
Incomie from		 charitable activities
Trading income
Room hire rentals 17117 17117 36086
Church cafe 2876 2876 12110
Fair trade 740 740 2443
YPF Cards for Africa 0 0 0
Other organisation income
Tuesday Together 102 102 1697
Tuesday
lunch club		 733 733 2843
WOTS TOTS 521 521 1798
Events
Church weekend 0 0
17117 4972 0 22089 56977
5. Cost of generating funds
Investment
management		 costs 1053 1053 627
Manse letting fees 3477 3477 4246
4531 4873
6. Costs ofactivities in furtherance ofthe charity's objects.
Ministry 43142 0 0 0 43142 75870
Mission 18052 11075 14212 0 43338 53900
Establishment 55960 247 0 5317 61524 73384
117154 11322 14212 5317 148004 203154
7. Total resources expended Charitable
activities		 Grant
funding		 Support
costs		 2020 2019
R
Ministry 43142 0 4591 47732 75870
Mission 4566 38772 11478 54816 53900
Establishment 61524 0 6887 68411 73384
Cost of generating funds 0 0 0 4873
Governance
costs		 0 308 308 0
109232 38772 23263 171266 208027

11. Tangible F ixed As sets
Freehold Fixtures, Fittings Total
Property 8 Equipment
F.
Cost
At 1 January 2020 535545 220971 756516
Additions 0 802 802
Disposals 0 0 0
Adjustment
535545 221773 757318
Depreciation
At 1 January 2020 117604 207979 325583
Charge for the year 5317 247 5564
On Disposals 0 0 0
122921 208226 331147
Net Book Value at 31 December 2020 412624 13547 426171
at 31 December 2019 417941 12992 430933
Insured
Freehold valuation Date Cost Value
E
Land at Reedley Road 1945 2200 0
Church
buildings		 at Reedley Road 1951/68/94/2009/1 7 523919 3923675
Manse, 8The Dell, Westbury on Trym 1947 3776 351679
Caretaker's
House: 1 Brainsfield,		 Westbury on Trym 1970 5650 221561
All the fixed assets are used for direct charitable purposes. 535545 4496915
2020 2019
12.Stocks E
Fair trade goods 1068 1020
Other 410 429
1478 1449
13. Debtors
Due from connected
charities		 0 6017
Tax recoverable 5252 5061
Prepayments
and other		 debtors 6832 5710
12084 16788
14. Investments
Stock Exchange portfolio at market value 90338 84104
Loan to Network Counselling &Training Ltd 10000 75000
Money invested in Octopus Choice 94819 125000
Investments
in Baptist Union		 135045 0
330202 284104
15 Bank &cash balances
Lloyds TSB 29054 57981
Cash 2379 2300
31433 60281

The key financial assumptions underlying the valuation the valuation were as follows:
%pa
RPI price inflation assumption 3.20
CPI price inflation assumption 2.70
Minimum
Pensionable
Income		 increases (CP I plus 1 3.20
Assumed
investment
returns
-pre-retirement 2.95
-post retirement 1.70
Deferred pension increases
- Pre April 2009 3.20
- Post April 2009 2.50
Pension increases
Main Scheme pension 2.70

24.Funds brought forward forward
Unrestricted
Funds at 31/12/19 42331
Transfer from dormant accounts 464.89
Funds at 1/1/20 42796

YEAR ENDED 3 DECEMBER 202 0
General tun Designated Restricted Endowment 2020 2019
F
Ministry
Minister 8 expenses 16137 16137 0
Net cost of leaving gift 0 0 0
Minister
in Training		 (&college fees) 6834 6834 20590
Associate Minister 5779 5779 9949
Children
& family Worker		 0 0 26469
Intern costs and expenses 0 0 2419
Pulpit Supply 170 170 732
Manse costs 14222 14222 10931
43142 0 43142 71090
Mission
Family church 328 328 401
Youth expenses 0 0 35
Nepal project 0 0
Mission sundries 523 523 1164
Church weekend 0 0
Coffee bar 15 15 226
Fair Trade 581 581 2195
Flower Fund 276 276 429
Cafe expenses 1466 1466 4645
Lunch Club 577 577 2441
Tuesday Together 234 234 1612
Wots Tots 566 566 1278
External gifts 17200 7360 300 24860 18700
Given to other causes 13912 13912 11123
18051 11075 14212 0 43338 44249
Establishment
Light, heat &water 9495 9495 10055
Premises maintenance 10351 10351 15351
Equipment
repairs		 4226 4226 1759
Depreciation
-buildings/fittings		 247 5317 7604
Insurance 3498 3498 3413
Caretaker 9605 9605 9370
Cleaning
incl. materials		 15595 15595 14352
No. 1 Brainsfield 3192 3192 5691
55960 247 5317 55960 67594
Support costs
Administrator 11871 11871 11818
Deacons training 308 308 0
Print, post 8 Stationery 1250 1250 871
Investment
man't costs		 1053 1053 627
Manse
letting costs		 3477 3477 4246
Photocopier 1509 1509 1986
Pension deficit interest 668 668 920
Church telephones/internet 554 554 567
Miscellaneous 2573 2573 2892
23263 0 23263 23926
Total expenses 140416 11322 14212 5317 165704 206859

YEAR ENDED 31 DEC EMBER 20 20
General Designated Restricted 2020 2019
F
Baptist Missionary
Society		 8600 8600 8000
Baptist Home Mission 8600 8600 8430
Compassion
fund gifts		 300 300 250
Connected
organisations		 giving 7360 0 7360 680
17200 7360 300 24860 17360
Raised for other causes
European
Baptist Federation		 839 839 809
Shepherd
Society		 881 881 795
In Hope
(formerly
Crisis Centre)		 689 689 792
Tear Fund General Funds 645 645 771
Bristol Baptist College 733 733 736
Bristol Dementia Action Alliance 407 407 679
Network
Counselling		 889 889 678
Bible Society 870 870 666
Christian
Solidarity
Worldwide		 911 911 663
Sixty-One 427 427 633
Christian
Aid		 1321 1321 596
UCCF re Naomi Dawson 423 423 562
IFES 423 423 0
Christians
against Poverty		 427 427 0
9885 8380
BMS World Mission
Birthday Scheme 689 689 590
Christian
Aid
Other 500
Christmas
appeal
EBF 525
Bournviile Care Centre 950
Lawrence Weston 375 1850
Tear Fund
Appeal		 544
EBFLebanon collections 1488 1488
Other gifts 0 1060
0 0 13912 13912 11074
Total 17200 7360 14212 38772 28434
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