# ## ## |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| |||0I-|SCAIA
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