**Charity registration number 1135448** ## **WILLESDEN GREEN BAPTIST CHURCH** **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021** ## **WILLESDEN GREEN BAPTIST CHURCH** ## **LEGAL AND ADMINISTRATIVE INFORMATION** ## **Trustees** Lorna Anderson(Appointed 27 November 2022) Edwards Les Ale (Church Treasurer) Sheila Price (Appointed 21 November 2021) Mpaka Kinankaziko (Appointed 27 January 2021) Andrea Marc (Appointed 27 November 2022) **Secretary** Lorna Anderson-Edwards **Charity number** 1135448 **Principal address** 94 High Road Willesden Green London NW10 2PR **Independent examiner** KLSA LLP Kalamu House 11 Coldbath Square London EC1R 5HL **Bankers** Santander Business Banking 1st Floor Operations Block TBP2 Bridle Road Bootle Merseyside L30 4GB ## **WILLESDEN GREEN BAPTIST CHURCH** ## **CONTENTS** ||**Page**| |---|---| |Trustees report|1 - 5| |Independent examiner's report|6| |Statement of financial activities|7| |Balance sheet|8| |Notes to the accounts|9 - 16| ## **WILLESDEN GREEN BAPTIST CHURCH** ## **TRUSTEES REPORT** ## _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ The trustees present their report and financial statements for the year ended 31 December 2021. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the WGBC's governing document, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). ## **Objectives and activities** The principal purpose of the Church is the advancement of the Christian faith according to the principles of the Baptist denomination. The Church may also advance education and carry out other charitable purposes in the United Kingdom and/or other parts of the world. Willesden Green Baptist Church aims to: live for God, please God, serve God and grow in God and to this end, the church is committed to enabling as many people as possible i.e. the local and wider community to join in its services of worship and its activities and to become part of the church community. The Trustees maintain an overview of all the activities of the church in conjunction with some of the members of the Church and are constantly monitoring them in order to make any changes necessary in order to involve as wide a group of people as possible. When planning the year, the trustees have considered the Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of Christ's way of life. In particular we try to help people in the community live out their faith by: conducting regular services of worship with teaching and prayer, provision of pastoral care; and missionary work and outreach to the community. ## **Regular Services & Worship** At the beginning of 2021, we were still in “lockdown” and church services were taking place online only. The church re-opened in its newly refurbished premises in July 2021 and delivered both face to face and online Sunday morning services under Covid restrictions. An official opening took place at the end of July 2021. From February to May 2021, Pastor Akinola was on Sabbatical. Rev Stephen MacLean from Cricklewood Baptist Church acted as our moderator during this time. He chaired the deacon’s meetings and provided spiritual and pastoral support. ## **Church Membership** During that year, despite returning to our new building, it was not possible to have in person members meetings. Instead, we communicated with the members by letter as well as on zoom, social media, and telephone. We sadly lost a few members, some due to Covid, during the year. The funerals had to take place with minimal numbers of mourners in line with regulations from the Government at that time. There were no weddings, no baby dedications and there were no baptisms during the year. Deacons’ meetings took place once a month on “Zoom” during 2021 - 1 - ## **WILLESDEN GREEN BAPTIST CHURCH** ## **TRUSTEES REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **Achievements and performance** The church’s outreach programme – Open House – continued to be hosted at Cricklewood Baptist Church during this year, concentrating on giving out groceries, toiletries, and clothes to the most vulnerable members of this borough. The Tamil Church resumed their regular church services and prayer meetings following covid guidelines. We have external organisations such as Slimming World that use our premises for their activities, return to the church in August 2021. The group uses the hall every Wednesday evening for their meetings. In 2021 The Leadership with the blessing of the members entered into a formal agreement with Hephzibah Day nursery to hire the church premises to run their childcare services during school term in the church’s rear hall. Hephzibah Day nursery commenced their operations on 21st October 2021. For pastoral care, visiting members in person was not possible because of Covid restrictions. However, members were regularly contacted by telephone by the deacons during the pandemic. ## **Mission and Outreach** ▪ Baptist Mission: We continually support the work of home missions undertaken by the Baptist Union, as well as foreign mission, through the Baptist Missionary Society (BMS). ▪ Football Academy: This activity was restarted in the Autumn of 2021, providing an opportunity for children to learn to play football and improve their techniques, as well as outreach amongst the children of this borough. This ministry happens off-site at Newman Catholic College in Willesden. ## **Financial review** The year 2021 was another unusual and challenging year and once again this was largely attributed to the Covid-19 although the second lockdown was lifted in December 2020, the UK transitioned to a tiered system of restrictions based on the prevalence of the virus in different regions. This meant that church services could resume but with social restrictions. The contractor officially handed over the newly refurbished church in March 2021. We resumed services on July 25th, 2021, after moving back in and making necessary preparations to resume full operation in our brand-new worship space. We also advised members who were vulnerable and at risk of contracting the virus to remain at home for the time being. Instead of a Grand Commissioning of the newly refurbished space, we held a Thanksgiving Celebration Service on July 25th, 2021. At this point it is noteworthy to acknowledge the leadership of Reverend Paul Akinola who deserves utmost recognition and admiration for his unwavering dedication, determination, commitment, and relentless drive demonstrated throughout the church re-development project, from its inception to its realisation. The revenue generated in 2021 was quite impressive according to our standards. Although charitable donations from within the fellowship were lower compared to the previous year, the church remained financially stable due to income from rental properties, the rental of church premises to external parties, and a one-time receipt of £64,000 from the agreement with the contractor for the profits from the sale of the flats constructed above the church. In conclusion, we are pleased to report a surplus once again, following the successful turnaround achieved in the previous financial year, 2020. This positive trend, which deviated from the negative trend of the past four financial periods, gives us hope for the future. With the efficient utilisation of our new church premises, we aim to continue this trend and focus on our charitable work within the local and wider community. - 2 - ## **WILLESDEN GREEN BAPTIST CHURCH** ## **TRUSTEES REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **Reserves Policy** Donations received under Gift Aid or deeds of covenant are recognized as income tax recoverable at the time of receipt. In accordance with the Church's policy, we maintain funds of approximately £36,000 to cover four months' crucial operational costs of running the church, excluding any restricted funds. The financial results of the reviewed year confirm the effectiveness of this policy and do not undermine its validity. We will closely monitor all planned future commitments to ensure the maintenance of this policy. We will also be reviewing the fund level as the cost of living inevitably increases. ## **Principal funding sources** The charity's main sources of income are regular gift-aided donations from church members, supplemented by contributions from IR Charities in relation to gift aid tax claims. Donations made during services also play a significant role in funding the charity. Additionally, the rental income generated from church properties and hiring out the church halls and meeting rooms to external organizations and smaller churches has made a substantial contribution to the funds raised. ## **Risk Management** During “lockdown” no church premises were being used, therefore this activity was not necessary. However, when we came back to our refurbished building, we implemented the Covid Regulations in place at the time. Safeguarding continued to be observed and DBS certification ensured for all leaders and volunteers for children and vulnerable adult environments. Fire alarms and fire extinguishers were installed in the new building, and an inspection of the site was carried out by the fire brigade in accordance with the law. ## **Plans for the Future 2022** Our 2022 strategy involves initiating the process of identifying and appointing a new minister to guide our church. This will necessitate the creation of a comprehensive church profile and a description of the ideal ministerial candidate for future leadership. We aspire to expand our ministries for children and young people throughout 2022, aiming for increased participation in our Sunday school, youth ministry, and young adult services. We also pray for a growth in our membership and the resumption of our regular evening services, which have been impacted by the church’s temporary relocation for renovations and the aftermath of the pandemic. In the interim, our focus will be on ensuring the church remains a secure, safe, and welcoming environment for our members, visitors, and the various organisations that utilise our facilities for their activities. ## **Structure, governance and management** Willesden Green Baptist Church is constituted as a charitable trust registered with the UK Charity Commission. Willesden Green Baptist Church is governed by its constitution following the Approved Governing Document provided by the Baptist Union (adopted July 2009). This constitution was submitted to the Charity Commission along with our formal application for independent Charity Registration. The Church received Charity Status from the Charity Commission in April 2010 The trustees who served during the year and up to the date of signature of the financial statements were: Pastor Paul O Akinola (Chairman) (Resigned 1 December 2021) Lorna Anderson-Edwards (Appointed 27 November 2022) Sandra Williams (Church Secretary) (Resigned 30 November 2022) Janice Carrington (Resigned 1 March 2021) Ifure Ibanga (Resigned 30 November 2022) Les Ale (Church Treasurer) Sheila Price (Appointed 21 November 2021) Mpaka Kinankaziko (Appointed 27 January 2021) Andrea Marc (Appointed 27 November 2022) - 3 - ## **WILLESDEN GREEN BAPTIST CHURCH** ## **TRUSTEES REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **Recruitment and appointment of trustees** The Qualifications of a Deacon: A Deacon should be a person: - I. Of mature faith II. Filled with the Holy Spirit III. Supports fully the worship and witness of the church IV. Supports the members of the local church in all areas of their growth V. Able to work in harmony with the Minister and fellow Deacons A Deacon is a person appointed by the church, under the guidance of the Holy Spirit, to share in the spiritual leadership, oversight and administration of the church. A Deacon is a person of 18 years of age or over and not less than six months in the membership. Deacons are elected at the Annual General Meeting and require over 50% of the vote cast. They serve for a three-year term with the opportunity to be nominated for one further three year term only. That must be followed by a vacant year when they shall not be eligible for reappointment. ## **Organisational Structure** The Church is a member of the Baptist Union of Great Britain (Baptist Union) and the London Baptist Association. Interdependency is a characteristic of Baptist Churches and this is demonstrated informally through the co-operation between churches and expressed formally through joining a Baptist Association and the Baptist Union. The constitution defines the trustees of Willesden Green Baptist Church as the Minister(s), Deacons, Secretary, Treasurer and employed administrative staff, who by the nature of their role work together with the Minister(s) and the Deacons in the overall leadership of the Church. The Deacons with Minister(s) meet on the last Wednesday of every month, at least one away day and one weekend away for business, training and development. This, however, was not possible during “lockdown”. A team of volunteers are additionally responsible for undertakings such as Pastoral Care, Building Maintenance, Social Care (e.g. Open House & Evangelism), Children and Youth work, Parish Nursing, Cameo, Music & Worship, Missions, Senior Citizens Fellowship, Toddler’s Drop-in Centre and General Housekeeping. However, since returning to our new refurbished building, a number of these church missions have stopped their activities due the post pandemic decline in membership numbers. - 4 - WILLESDEN GREEN BAPTIST CHURCH TRUSTEES REPORT ICONTINUED FOR THE YEAR ENDED 31 DECEMBER 2021 The trustees are responsible for prep81ing Ihe Tiuslees Report and the accounts in accordance with applicèblè law and United Kingdom Accounting Standards {Uniled Kingdom Generalty A￿epted Accounling Praclicel. The law applicable lo ¢haiities in England and Wales requires the truslees lo prepare a¢¢ounts foi each financial year which givé 8 true and lair view of the stale of affairs of thè WGBC and of Ihe incoming resources and application of resources ol the WGBC for that yèar. In preparing these aecounls. thè Iiusteès are required lo.. Se￿Cl suitsblé accounting policies and then apply them consistèntly: observe the Methods and principles in Ihe Charrties SORP,. make judgements and eslimales th81 are reasonable and prudent.. 51ale whether applicable accounting standards have been followed, subject to any material departures disclos&d and explained in the accounls., and prepare the accounts on the going ¢oncem basis unles5 11 is inappropriate to presume thal the charity will continuè in operation. The trustees are responsible for keeping sufficient aecounting records that disclose with reasonable accuracy al any time the financial posilion of the WGBC and enable them lo ensvre Ihal the accounts comply wrth the Charities Act 2011, the Charity (Awunts and Reports) RÈ9ulalion5 2006 and the provisions of the Iru5t deèd. They are also responsible for safeguaiding the assets of the charity and hen￿ for taking reasonable steps for the prevention and detection ol fraud and other irregularities. This report Is 8pproved by the trustees and signed on ils beh811 by.. Lorna Anderson-Edwards Trustee Dated.. 29April 2024 Le Ale (Church Troasurer) Trustee Dated.'29April 2024 ## **WILLESDEN GREEN BAPTIST CHURCH** ## **INDEPENDENT EXAMINER'S REPORT** ## **TO THE TRUSTEES OF WILLESDEN GREEN BAPTIST CHURCH** I report to the trustees on my examination of the financial statements of Willesden Green Baptist Church (the WGBC) for the year ended 31 December 2021. ## **Responsibilities and basis of report** As the trustees of the WGBC you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act). I report in respect of my examination of the WGBC’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** Your attention is drawn to the fact that the charity has prepared financial statements in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. 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 that in any material respect: - 1 accounting records were not kept in respect of the WGBC as required by section 130 of the 2011 Act; or - 2 the financial statements do not accord with those records; or - 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. 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 financial statements to be reached. Harsheel Dodhia KLSA LLP Kalamu House 11 Coldbath Square London EC1R 5HL Dated: 29 April 2024 - 6 - ## **WILLESDEN GREEN BAPTIST CHURCH** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ |**Unrestricted**
**Restricted**
**funds**
**funds**
**2021**
**2021**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
57,509
2,759
Charitable activities
**4**
73,834
98
Investments
**5**
2,956
28,901
**Total income**
134,299
31,758
**Expenditure on:**
Charitable activities
**6**
87,010
57,188
**Net incoming/(outgoing)**
**resources before transfers**
47,289
(25,430)
Gross transfers between
funds
55
(55)
**Net income/(expenditure) for**
**the year/**
**Net movement in funds**
47,344
(25,485)
Fund balances at 1 January
2021
26,276
4,753,867
**Fund balances at 31**
**December 2021**
73,620
4,728,382|**Total Unrestricted**
**Restricted**
**funds**
**funds**
**2021**
**2020**
**2020**
**£**
**£**
**£**
60,268
102,932
4,351
73,932
20,125
11,000
31,857
146
-
166,057
123,203
15,351
144,198
91,594
77,357
21,859
31,609
(62,006)
-
(7,343)
7,343
21,859
24,266
(54,663)
4,780,143
2,010
4,808,530
4,802,002
26,276
4,753,867|**Total**
**2020**
**£**
107,283
31,125
146
138,554
168,951
(30,397)
-
(30,397)
4,810,540
4,780,143| |---|---|---| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. - 7 - WILLESDEN GREEN BAPTIST CHURCH BALANCE SHEET AS AT 31 DECEMBER 2021 2021 2020 Notes Flxed assets Tangible assets Current assets Cash al bank and in hand 10 4,704,202 4,751.062 150,108 83.103 C¥edltor8: amounts falllng due within onè year 11 152,308} {54,0221 Net currènt assèts 97,800 29.081 Total assets less current liabilities 4.802,002 4,780,143 Income fvnds General restricted funds Revaluallon reserve 2.190,331 2,538,051 2,215,816 2,538,051 4,728,382 73,620 4,753,867 26,278 Unreslricted funds 4,802.002 4,780,143 The financial stalemenls were 8pproved by Ihe Trustees on 29Apnl 2024 Loma Anderson-Edwards Tw$te• Le Ale (Church Treasurer) Trustee ## **WILLESDEN GREEN BAPTIST CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **1 Accounting policies** ## **Charity information** Willesden Green Baptist Church is a registered charity in the United Kingdom, set up in 2010. ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the WGBC's [governing document], the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The WGBC is a Public Benefit Entity as defined by FRS 102. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling, which is the functional currency of the WGBC. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below. ## **1.2 Going concern** At the time of approving the financial statements, the trustees have a reasonable expectation that the WGBC has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. ## **1.4 Incoming resources** Income is recognised when the WGBC is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the WGBC has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. ## **1.5 Resources expended** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use. - 9 - ## **WILLESDEN GREEN BAPTIST CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **1 Accounting policies** ## **(Continued)** Expenditure is recognised on an accrual basis as a liability in incurred. Expenditure includes VAT which cannot be recovered, and is reported as part of the expenditure to which it relates. Costs of generating funds comprise the costs associated with attracting voluntary income. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for the beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs include those costs associated with meeting the constitution and statutory requirements of the charity and include the independent examination fees and costs linked to the strategic management of the charity. ## **Support costs** Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance cost, administration and payroll costs. They incurred directly in support of expenditure on the objects of the charity. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on the basis of consistent with use of all resources. Premises overheads have been allocated on an inset detail basis and other overheads have been allocated on an insert detail basis. Fund-raising with a cost are those incurred in seeking voluntary contribution and do not include the costs of disseminating information in support of the charitable activities. ## **1.6 Tangible fixed assets** Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Land and buildings 2% Straight Line Method on building only (50% of Freehold Property) Plant and machinery 25% Straight Line Method The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. ## **1.7 Impairment of fixed assets** At each reporting end date, the WGBC reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). ## **1.8 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. - 10 - ## **WILLESDEN GREEN BAPTIST CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **1 Accounting policies** ## **(Continued)** ## _**Basic financial assets**_ Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. ## _**Basic financial liabilities**_ Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. ## _**Derecognition of financial liabilities**_ Financial liabilities are derecognised when the WGBC’s contractual obligations expire or are discharged or cancelled. ## **1.9 Employee benefits** The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. ## **1.10 Retirement benefits** Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. ## **2 Critical accounting estimates and judgements** In the application of the WGBC’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. - 11 - ## **WILLESDEN GREEN BAPTIST CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **3 Donations and legacies** |**Unrestricted**
**Restricted**
**funds**
**funds**
**2021**
**2021**
**£**
**£**
Donations and gifts
4,403
2,759
Other
53,106
-
57,509
2,759|**Total**
**2021**
**£**
7,162
53,106
60,268|Total
2020
£
39,225
68,058| |---|---|---| |||107,283| **4 Charitable activities** |Sales within charitable activities
Analysis by fund
Unrestricted funds
Restricted funds|**2021**
**£**
73,932
73,834
98
73,932|**2020**
**£**
31,125| |---|---|---| |||20,125
11,000| |||31,125| ## **5 Investments** |**Unrestricted**
**Restricted**
**funds**
**funds**
**2021**
**2021**
**£**
**£**
Rental income
2,923
28,901
Interest receivable
33
-
2,956
28,901|**Total**
Unrestricted
funds
**2021**
2020
**£**
£
31,824
-
33
146
31,857
146|**Total**
Unrestricted
funds
**2021**
2020
**£**
£
31,824
-
33
146
31,857
146| |---|---|---| |||146| - 12 - ## **WILLESDEN GREEN BAPTIST CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **6 Charitable activities** |Outreach, Social action and
Open House
Children & Youth work
Assistance to Fellowship
members
Musicians
Share of support costs (see
note 7)
Share of governance costs
(see note 7)
**Analysis by fund**
Unrestricted funds
Restricted funds|**Support**
**costs**
**Charitable**
**activities**
**2021**
**2021**
**£**
**£**
-
190
-
1,306
-
750
-
1,082
-
3,328
135,940
-
-
4,930
135,940
8,258
80,084
6,926
55,856
1,332
135,940
8,258|**Total**
**2021**
**£**
190
1,306
750
1,082
3,328
135,940
4,930
144,198
87,010
57,188
144,198|**Support**
**costs**
**Charitable**
**activities**
**2020**
**2020**
**£**
**£**
-
426
-
408
-
1,400
-
150
-
2,384
161,364
-
-
5,203
161,364
7,587
84,007
7,587
77,357
-
161,364
7,587|**Total**
**2020**
**£**
426
408
1,400
150| |---|---|---|---|---| |||||2,384
161,364
5,203| |||||168,951| |||||91,594
77,357| |||||168,951| - 13 - ## **WILLESDEN GREEN BAPTIST CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ |**7**
**Support costs**
Staff costs
Depreciation
Office Administration
Training and Guest
speaker
Rent and Mortgage
Insurance
Utility
Repairs and
maintenance
Cleaning and Sundries
Subscription and
Licences
Conference and catering
Travel
Accountancy
Legal and professional
Bank charges and
interest
Analysed between
Charitable activities|**Support**
**costs**
**Governance**
**costs**
**£**
**£**
48,245
-
48,829
-
8,066
-
2,156
-
7,105
-
1,791
-
5,042
-
2,861
-
6,260
-
348
-
959
-
4,278
-
-
3,203
-
395
-
1,332
135,940
4,930
135,940
4,930|**2021**
**£**
48,245
48,829
8,066
2,156
7,105
1,791
5,042
2,861
6,260
348
959
4,278
3,203
395
1,332
140,870
140,870|**Support**
**costs**
**Governance**
**costs**
**£**
**£**
52,884
-
48,750
-
10,933
-
523
-
15,857
-
1,848
-
1,265
-
23,935
-
125
-
2,408
-
347
-
2,489
-
-
3,203
-
2,000
-
-
161,364
5,203
161,364
5,203|**2020**
**£**
52,884
48,750
10,933
523
15,857
1,848
1,265
23,935
125
2,408
347
2,489
3,203
2,000
-| |---|---|---|---|---| |||||166,567| |||||166,567| Governance costs includes payments to the independent examiners of £3,203 (2020- £2,700) for independent examination fees. ## **8 Trustees** None of the trustees (or any persons connected with them) received any remuneration during the year, and there were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020. - 14 - ## **WILLESDEN GREEN BAPTIST CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **9 Employees** ## **Number of employees** The average monthly number of employees during the year was: |Charity
Administration
**Employment costs**
Wages and salaries
Social security costs
Other pension costs
**10**
**Tangible fixed assets**
**Cost**
At 1 January 2021
Additions
Disposals
At 31 December 2021
**Depreciation and impairment**
At 1 January 2021
Depreciation charged in the year
At 31 December 2021
**Carrying amount**
At 31 December 2021
At 31 December 2020|**Land and**
**buildings**
**£**
5,080,051
-
(2,000)
5,078,051
328,989
48,750
377,739
4,700,312
4,751,062||**2021**
**Number**
1
1
2
**2021**
**£**
32,981
5,603
9,661
48,245
**Plant and**
**machinery**
**£**
7,585
3,969
-
11,554
7,585
79
7,664
3,890
-|**2020**
**Number**
1
1
2
**2020**
**£**
34,832
9,100
8,952
52,884
**Total**
**£**
5,087,636
3,969
(2,000)
5,089,605
336,574
48,829
385,403
4,704,202
4,751,062| |---|---|---|---|---| |||||| |||||| |||||| |||||| - 15 - ## **WILLESDEN GREEN BAPTIST CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **11 Creditors: amounts falling due within one year** |**11**
**Creditors: amounts falling due within one year**|| |---|---| |**2021**
**£**
Other creditors
46,305
Accruals and deferred income
6,003
52,308
**12**
**Analysis of net assets between funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**£**
**£**
Fund balances at 31 December 2021 are represented by:
Tangible assets
3,890
4,700,312
Current assets/(liabilities)
69,730
28,070
73,620
4,728,382|**2020**
**£**
51,222
2,800| ||54,022| ||**Total**
**£**
4,704,202
97,800| ||4,802,002| ## **13 Related party transactions** No trustee or other person, related to the charity, had any personal interest in any contract or transaction entered into by the charity during the year or the preceding year. Other than the Trustees above, the charity does not consider itself to have any other key management personal. - 16 -