WESTBOURNE PARK BAPTIST CHURCH
FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 MARCH 2024
Charity Number 1143988
Company Number 07775348

WESTBOURNE PARK BAPTIST CHURCH
FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 MARCH 2024
Contents
Page
Directors, Report
Independent Audilor's report
Statement of Financial Activities
Balance Sheet
Statement of Cash Flows
Notes lo the Financial Statements
10

(1)
WESTBOURNE PARK BAPTIST CHURCH
DIRECTORS, REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The trustees have pleasure in submitting their report together with the financial statements for the year ended
31 March 2024. These financial statements have been prepared in accordance with slalulory requirements, the
Memorandum & Articles of Association, the Companies Act, FRS 102 and the Charities, Statement of
Recommended Practice (Charities SORP (FRS 10211.
Reference and Administrative Informatlon
Charity registration number
1143988
Company registration number
07775348
Registered office
Porchesler Road, London, W2 SDX
TrusteeslDirectors
Stuart Elmes (appointed 1 October 2023) (Pastor)
Abena Boaleng
Elizabeth Welch (Assislanl Pastor}
Geoffrey Biggs
Kenneth Asiedu
The key management personnel are the Truslees.
Deacons
Iretiola Badamosi
Lorna Glasgow
Bankers
CAF Bank Ltd, 25 Kings Hill Avenue, Kings Hill, Wesl Malling, Kent,
ME19 4JQ
Auditor
Jacob Cavenagh & Skeet, Chartered Accountants, 5 Robin Hood Lane,
Sutton, Surrey SM12SW
Solicitors
Wellers Law Group, 65 Leadenhall Street, London, EC3A 2AD
Pensions
Lucas Feltes Financial Planning. Lakeside 500, Old Chapel Way,
Broadland Business Park,NDrwich, NR7 OWG

(2)
WESTBOURNE PARK BAPTIST CHURCH
DIRECTORS, REPORT
FOR THE YEAR ENDED 31 MARCH 2024
(continued>
Objectives and Activities
Objects of the charity
Weslbourne Park Baptist Church seeks to advance Ihe Kingdom of God wherever we are, through loving God
and loving people. The formal objects in the governing document are the advancement of the Christian Faith
in accordance with the principles of the Baptist denomination and the advancement of education and other
charitable purposes.
The church is registered as a Charitable Company with the Charity Commission, regislered number 1143988.
It is also registered with Companies House, registered number 07775348.
Achievements and performance
A visible way that we show our love for God is our Worship Services on a Sunday morning.
We have seen a growth in attendance across the year, and our services have been a blessing for us as a
church.
Our new Pastor, Rev Stuart Elmes. joined us on 1$1 October 2023. This has brought a reset to the church
following the impact of COVID-19 and the following 3 years of interregnum. There has been increased
attendance al church, baptism services, new church members, and a relaunch of small groups.
The church continues lo live stream our worship services, and there has also been a growth in the number of
people who watch via YouTube.
We have continued to have an active prayer team, who pray together 5 days a week on Zoom lo enable people
lo Join from home. The weekly Wednesday prayer meeting and once a month Friday prayer evening in the
church building, have also grown in their impact on the spiritual lif e of Ihe church. We continued lo use our
prayer text se¢vice to communicate urgent requests for prayer, and a weekly email communlcation goes out to
the church family and wider f riends.
Financially. Church members. including the Iruslees, make a significant contribution to the running of the
church's activities. Around 70D/o of the church membership remain actively involved in the church.
In planning the activities the trustees have had regard to the guidance on public benefit issued by the Charity
Commission. Westbourne Park Food Panlry, which started in March 2021, has grown as an aclivily that
connects with the local community, providing food support and offering dignity, choice and hope for people
challenged by the rising cost of living. This was joined by a Warm Welcome Café running from Noveml
2023 to May 2024, providing opportunity for membersofthe public to receivesupport and friendship alongside
warm food.
Grant making policy
Weslbourne Park Baptist Church gives away a lithe of its donated income. The approach for this is to support
International, National and Local organisations. Members of the church can propose causes for this money
to go towards. and this is reviewed every few years by the membership, to ensure money is being directed in
the righl ways. Part of the donation is given to the Baptist Workj Mission and also lo Baptist Home Mission,
as part of the church's identification with the worldwide Baptist family. On occasions the church will also
support pastoral needs forpeople in the churchwhere a need is made known, seeking lo not just give money,
but also lo help people to sustain change in areas of their life that may need support, such as budgeting skills
and money management.
Risks and uncertainties
The trustees have identified that the principal risk affecting the church is the continued impact on income due
lo the bookings for the build￿ng being less than planned for. This risk is being managed by minimal contract
staff with casual conlracl staff working for evenings and weekend bookings.
The budget setting process for 202412025 has been done by separating the 3 entities of the Ghurch, the venue
and the food pantry, providing grealer clarity of where there is shortfall. The church budget is coveiing ils costs.

{3)
WESTBOURNE PARK BAPTIST CHURCH
DIRECTORS, REPORT
FOR THE YEAR ENDED 31 MARCH 2024
(continued)
with the venue needing increased income from bookings and the food pantry needing more funding to support
its costs.
Fundratslng
The Church does not employ outside or commercial fund-raisers, and does not make appeals for funds
beyond its members. The Church has nol subscribed to any fund-raising regulator and has received no
complaints about its fundraising activities. Other than publicly inviting an offering al every service when the
building is open, we do nol engage in persislenl fundraising or intrusive fundraising practices with any of our
donors. including vulnerable people, and we never have private or coercive discussions with individuals about
Iheir giving. The church has received funding for the Food Pantry from Weslminsler City Council, who asked
the church lo set up and provide this service.
Flnancial revlew
The accounts for the year show a deficit of £112,956 compared to a surplus of £21,546 in 2023. Total income
has increased due to the increase in activity of the Food Pantry. supported by funding from Westminster City
Council as mentioned above.
The budget for the year was monitored and reviewed throughout the year. The lilhes and offerings from the
church members and attenders has been mainlained. We drew down money from our reseNes lo provide
cashflow when this was needed,
Reserves
The lolal funds held by the church al the end of the yearwere £7,03S,955 of which £7,058,402 is invested in
fixed assets. The free reserves, defined as the amounts held in general funds excluding the amount invested
in property and equipment amounted were £18,276 (2023.. £63.530). The Trustees have established a policy
whereby free reseNes held by charity should be between 2 and 4 months of committed operating expenses.
The free reserves were not within this policy al the year end.
Structure. Governance and Management
Governing Document
Memorandum and Articles of Association dated 15 September 2011.
Government
The policy and operating decision of the charity rest with the trustees who meet regularly to monitor the activities
of the church. New Iruslees are appointed by church members by the passing of an ordinary resolution at a
general meeting. Truslees receive induction and training during their meetings and through ongoing updates
as guidance is received.
The pastors are part of the key management personnel of the church and receive a slipend which is set with
reference lo recommendations from the Baptist Union. From 1S1 October 2023 this has applied to Ihe Pastor
and Assistant Pastor.
The church works closely wilh the Weslbourne Park Family Centre which runs ils aclivilies in the church
building but is constiluled as a separate charity.
Property
The Baptist Union Corporation Limited are the custodian trustees for the manse and the church property Ihat
belong to the church.

14)
WESTBOURNE PARK BAPTIST CHURCH
DIRECTORS, REPORT
FOR THE YEAR ENDED 31 MARCH 2024
{conlinued)
Statemenl of trustees, responsibilities
The trustees who are also Ihe directors are responsible for preparing the Annual Report and the financial
statements in accordanGewith applicable law and United Kingdom Accounting Standards, including Financial
Reporting Standard 102.. The Financial Reporting Slandard applicable in Ihe UK and Republic of Ireland (United
Kingdom Generally Accepted Accounting Praclicel.
Company law requires the trustees to prepare financial statements for each financial year which give a true and
fair view of the slate of affairsof the charitable company and of the income and expenditure, of the charitable
company for that period.
In preparing these financial slaternenls, the truslees are required to..
s&lecl suitable accounting policies and then apply Ihem consistently;
observe the methods and principles in the Charities SORP;
makejudgments and accounting eslimales that are reasonable and prudent.,
slate 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 a going concern basis unless il is inappropriate to assume that the
company will be able to continue in operalion.
The trustees are responsible for maintaining proper accounting records which disclose wilh reasonable
accuracy al any lime the finanGial position of the charitable company and enable them lo ensure that the
financial slalemenls comply with the Companies Act 2006. They are also responsible for safeguarding the
assets of the charitable Gompany and hence for taking reasonable steps for the prevention and detection of
f raud and other irregularities.
In so far as the trustees are aware..
there is no relevant audit information of which the charitable company's auditors are unaware.. and
the trustees have taken all steps that they ought to have taken to makelhemselves aware of any relevanl
audit information and lo establish that the auditors are aware of that information.
The above report is prepared in accordancewith the special provisions relating to small companies within Part
15 of the Companies Act 2006.
the trustees and signed on their behalf by
Elmes
Elizabe
eSch
Dale: 4th December 2024

(5)
WESTBOURNE PARK BAPTIST CHURCH
INDEPENDENT AUDITOR'S REPORT
FOR THE YEAR ENDED 31 MARCH 2024
Opinlon
We have audited the financial statements of Westbourne Park Baptist Church (the 'charity') for the year ended 31 March
2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the
notes to the financial statements, including a summary of significant accounting policies The financial reporting
framework that has been applied in their preparation is 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 Generally Accepted Accounting Practice).
In our opinion the financial statements..
give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming
resources and application of resources for the year then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basls for oplnlon
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS IUKI} and applicable law.
Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the
financial statements section of our report. We are independent of the charitable company in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard,
and we have fLslfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit
evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Concluslons relatlng to golng concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting
in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions
that, individually or collectively, may cast significant doubt on the Charity's ability to continue as a going concern for a
period of al least 12 months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant
sections of this report.
Other informatlon
The other information comprises the information included in the annual report, including the trustees, report, other than
the financial statements and our auditor's report thereon. The trustees are responsible for the other information
contained within the annual report. Our opinion on the financial statements does not cover the other information and,
except lo the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion
thereon.
Our responsibility is to read the other information and, in doing so, consider whether the other information is materially
inconsistent with the financial statements or our knowledge obtained In the course of the audit, or otherwise appears to
be materially misstated. Ifwe identify such material inconsistencies or apparent material misstatements, we are required
to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the
work we have performed, we conclude that there is a material misstatement of this other information, we are required
to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of our audit.
the information given in the trustees, report, which includes the directors, report prepared for the purposes of
company law, for the financial year for which the financial statements are prepared is consistent with the
financial statements., and
the directors, report included within the trustees, report has been prepared in accordan￿ with
applicable legal requirements.

(61
WESTBOURNE PARK BAPTIST CHURCH
INDEPENDENT AUDITOR'S REPORT
FOR THE YEAR ENDED 31 MARCH 2024 {continued}
Matters on whiGh we are required to report by exceptlon
In the light of the knowledge and understanding of the charity and its environment obtained in the course of the
audit, we have not identified material misstatemenls in the directors. report included with the trustees, report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006
requires us lo report lo you if, in our opinion..
adequate and proper accounting records have not been kept, or returns adequate for our audit have not
been received from branches not visited by us.. or
the financial statements are not in agreement with the accounting records and returns., or
certain disclosures of trustees, remuneration Specified by law are nol made., or
we have not received all the inf ormalion and explanations we require for our audit., or
the trustees were not enlilled lo prepare the f inancial statements in accordance with the small companies
regime and lake advantage of the small companies exemptions in preparing the trustees. report and
from the requirement lo prepare a strategic report.
Responsibilities of Irustees
As explained more f ully in the Iruslees, responsibilities slalement, the trustees, {who are also the directors of
the charitable company for the purposes of company lawl are responsible for the preparation of the financial
staternenls and for being satisfied that they give a true and fairview. and for such internal control as the trustees
determine is necessary lo enable the preparation of financial slalements that are free from material
misstalemenl, whether due lo fraud or error.
In preparing the financial slalements, the Iruslees are responsible for assessing the charity's ability to continue
as a going concern, disclosing, as applicable, matters related lo going concern and using the going concem
basis of accounting unless the trustees either intend to liquidate the company or lo cease operations, or have
no realistic alternative but to do so.
Auditor's responsibilltles for the audit of the flnanclal statements
Our objectives are lo obtain reasonable assurance aboLtI whether the financial statements as a whole are free
from material misstatement, whether due lo fraud or error, and to issue an auditor's report that includes our
opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in
accordancewith ISAS (UK) will always delect a material misslatemenl when it exists. Misstatements can arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected lo influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below-
Based on our understanding of the company, we identified that the principal risks of non-compliance wilh laws
and regulations related lo employment and financial reporting legislation and we considered the exlenl lo which
non-compliance mighl have a material effect on the financial statements. We also considered those laws and
regulations that have a direct impact on the preparation of the financial statements such as Ihe Companies Act
2006 and the Charities Act 2011.
We assessed the susceptibility of the company's financial slalements to material misslalement, including
obtaining an understanding of how fraud might occur, by making enquiries of management, considering the
internal controls in place and discussion amongst Ilie engagement learn.
We determined that the principal risks were related lo presentation of separately disclosed items, revenue
recognition including venue hire, donated and reslricled income and management override of controls.
In response lo the risks Idenlif led we designed procedures which included, bul were not lim ited to, agreeing
financial statement disclosures to underlying supporting documentation, lesling income from source
documentation lo accounting records. reviewing Iruslees minutes, evaluating the internal controls and
identif ying and testing journal entries.
There are inherent limitations in the audil procedures described above. The more removed that laws and
re9ulations are from financial transactions. the less likely it is Ihal we would become aware of non-com pliance.

(71
WESTBOURNE PARK BAPTIST CHURCH
INDEPENDENT AUDITOR'S REPORT
FOR THE YEAR ENDED 31 MARCH 2024 (continued)
Material misslalements that arise due lo fraud can be harder to delect than those that arise from error as they
may involve deliberate concealment or collusion.
A f urther description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website al.. httP.'Ilwww.frc.org.uklauditorsresponsibilities. This description f orms part of our
auditor's report.
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance wilh Chapter 3 of
Part 16 of the Companies Act 2006 and regulations made under that Act. Our audit work has been undertaken
so that we might slate lo the charitable company's members those matters we are required lo slate to them in
an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume
responsibilily lo anyone other than Ihe charitable company and ils members as a body, for our audit work, for
this report, or for the opinions we have formed.
Miriarn Hickson FCA (Senior Statutory Auditor)
for and on behalf of Jacob Cavenagh & Skeet
Statutory Auditor
Chartered Accountants
5 Robin Hood Lane
Sutton
Surrey
SM12SW
Dated:
Zo DooLulu J 2024

18)
WESTBOURNE PARK BAPTIST CHURCH
STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT>
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
UnrestTlctsd R9Strictsd
Funds
Funds
Total
Unr•$trictsd Restricted
Funds
Funds
Total
Note
Income from:
Donations and legacies
Charitable activities
Other Incorne
100,951
239,640
139.974 240,925 100,413 114,123 214,536
239,640 197,678
197.678
Total income
348249 163432 511681 315644 114123 429767
Expenditure on:
Charitable activities
Reduction in pension
provision
439,176 185,461 624,637 310,151 113,211
(15 1411
423,362
{ 15 141)
12
Total expenditure
439176 185461 624637 295010 113211
408 221
Net (expenditure}lincome
{ 90 927) { 22 0291 (112 956) 20 634
912
Transfers be￿een funds
262
Net movement in funds
191,1891 {21,7671 (112,956) 20,634
912
21,546
Reconciliation of funds
Total funds brought forward 10 7 127 144
21767 7 148 911 7 106 510
20 855 7 127 365
Total funds carried forward 10
The statement of financial activities includes all gains and losses in both years. These f igures above relalg to
continulng operations in both years.
The notes on pages 10 to 18 form part of these financial slatemenls.

{9)
WESTBOURNE PARK BAPTIST CHURCH
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Note
Fixed assets
Tangible fixed assets
7,058.402
7,063,614
Current assets
Stock
Debtors
Cash at bank
2,709
44,683
2,592
48,407
89.562
123,269
Credltors: Amounts falling
ue within one year
9a
{712861
{37 972)
Net currenl assets
Total assets less current liabilities
7,076,678
7,148,911
Credltors: Amounts falling
due after more than one year
9b
(40,7231
Provisions
12
Net assets
11
Funds
Unreslricled Funds
Reslricled Funds
10
10
7,035,955
7,127,144
These financial slalements have been prepared in accordance with the special provisions of Part 15 of the
Companies Act 2006 relating to small companies.
These financial slalemenls were approved by the Trustees on 4th December 2024 and signed on their behalf
by
Elizabeth Welch
Director
The notes on pages 11 to 19 form part of these financial stalemenls.
Company Number 07775348

1101
WESTBOURNE PARK BAPTIST CHURCH
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Cash (used for}Iprovided by operating activities
{69,6101
27.131
Cash flows from Investing aGtivities
Payments lo acquire langible f ixed assets
Cash used by investing activities
13990)
{ 3990>
Cash flows from financing activities
Proceeds on new loans
Repayment of loans
Cash providedl{used) by financing activities
45,000
11 500)
43,500
{ 3600)
{ 3,600)
Net cash {outflow>linflow
(30,1001
22,941
Cash and cash equivalents at 1 April 2023
Cash and cash equivalents at 31 March 2024
Cash used for operating activities:
Net lexpendlturelllncome
Depreciation
Change in pension provision
Ilncrease}Idecrease in stock
Decrease in debtors
Increase in creditors
Cash (used for)Iprovided by operatlng aclivitles
{112,9561
9,202
21,546
11.548
(16,4001
( 2,5921
8,940
117)
3,724
I￿0)
Analysis of changes in net debt
1 April Cash flows
2023
Non-cash 31 March
Ghanges
2024
Cash and cash equivalenls
Cash
Borrowings
Loans f alling due withi n one year
Loans falling due after more than one year
72,270
130,100}
42,170
11.500) 143,500>
40,467
{ 4.533)
140.7231 {40 723)
Izw) ia&fii

WESTBOURNE PARK BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
(11)
ACCOUNTING POLICIES
Vveslbourne Park Bapii51 Church is a private company limited by guarantee incorporated in England and
Wales and a registered charity. The registered office is 65 Porchester Road, London W2 5DX.
la. Basis of accounting
These financial statements have been prepared in accordance with FRS 102 "The Financial Repor1ing
Standard applicable in the UK and Republic of Ireland" I"FRS 102"}, "Accounting and Reporting by
Charities" the Statement of Recommended Practice for charities applying FRS 102. the Companies Act
2006 and UK Generally Accepted Accounting Praclice. The charity is a Public Benefit Entity as defined by
FRS 102,
The financial slalemenls are prepared in sterling, which is the functional currency of the charity. Monetary
amounls in these financial slalements are rounded to the nearest £.
The financial statements have been prepared on the historical cost convenlion. The principal accounting
policies adopted are set out below.
1b. Going concern
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material
uncertainties about the charity's ability lo continue as a going concern.
1c. Donations and grant Income
Donated income and grants receivable are taken into account when received by the charity. Income
received in circumstances where a claim for repayment of lax has been or will be made lo HM Revenue &
Customs is grossed up for tax recoverable. Any amount of tax reclaimed from HM Revenue & Customs but
not yel received is shown wilhin the charity's debtors.
Donated food is recognised as income when received. Takings from the Food Pantry are accounted for
gross.
The church is heavily dependent on aclivily carried out by volunteers. No value is attributed lo this in the
financial stalem enls.
1d. Income from charitable activities
Income from charitable activities is recognised in the period in which the charity is entitled to the income.
le. Expenditure
Expenditure, including irrecoverable VAT, when incurred by the charity. regardless or when payment is
made. Grants payable are taken irlto account al the earlier of when they are paid or become conslruclive
obligations. Grants for the support of overseas missionaries are 2ccounled for on the basis of support that
relates lo the financial year.

(12)
WESTBOURNE PARK BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
(continued)
1 ACCOUNTING POLICIES (continued)
If. Funds
Unrestricted funds are donations and other income received or generated for the objects of the charity
without specified purpose and are available for purposes as directed by the trustees. Restricted funds are
amounts received where the donors have specified the purposes for which they should be used.
lg. Tangible fixed assets
Fixed assets acquired for use by the charity are capitalised at cost and depreciated either over their
estimated useful lives or by reducing balance unless they cost less than £500 when they are written off on
purchase.
Depreciation periods and calculations are as follows..
Freehold buildings
Over 50 years, on a straight line basis
Equipment
200/0 30D/o reducing balance basis
No depreciation is provided on leasehold property as the residual value is considered suff iciently high to
render depreciation immaterial.
1 h. Pension costs
The charity is a participating employer in the Baptist Union Pension Scheme which, prior to January 2012,
was a multi-employer defined benefit pension scheme. The charity is unable to identify its share of the
scheme's assets and liabilities therefore, as perrnitted by FRS 102, the entire scheme is being treated as if
it were a defined contribution scheme. Further information about this defined benefits scheme, and the
charity's obligation to contribute towards its funding deficit, is disclosed elsewhere in the notes to these
accounts.
The charity also pays contributions to Friends Life and Aviva for the personal pension schemes of certain
other employees. These costs are recognised when they fall due.
11. Stock
Donated stock is valued at £2.37per kg
1j. Debtors
Tax recoverable and other debtors are included at the settlement amount due. Prepayments are valued at
the amount prepaid.
1k. Cash at bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of
three months or less from the date of the opening of the deposit.
11. Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation arising 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 recognised at their settlement amount.
Income relating to grants that has been received but not yet earned is treated as deferred income.

(13)
WESTBOURNE PARK BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
(continued)
1 ACCOUNTING POLICIES (continued)
lm. Financial instruments
The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments.
Basic financial instruments are initially recognised at transaction value and subsequently measured at
their settlement value.
INCOME
2024
2023
a Donations and legacies
Donations
Tax recoverable
Food Pantry Restricted Income..
Grants
Other
80,478
20,473
83,919
16,494
57,100
82 874
2.40
84,250
29 873
b Charitable activities
Lettings
Salary recharges
225,669 184,071
13971
EXPENDITURE
Activities undertaken directly
2024
2023
Salary and pension costs (see note 5)
Other staff costs
Cost of ministries
Manse & flat running costs
Venue running costs
Subscriptions
Depreciation
251,865 189,821
7,750
3,891
164,503
90,473
69,604
8,229
57,418
55,574
3,646
2,554
11 548
563 988 362 090
Support & Administration
Bank charges
Loan interest
Printing, postage and stationery
Telephone and internet
Accounting software
Sundry expenses
Governance costs
Audit fee
Accounts preparation
442
256
2,189
7,465
885
2,085
574
3,024
7,424
1,240
611
6,000
1920
5,742
Grant funding of activities (see note 4)
Total

(14)
WESTBOURNE PARK BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
(continued)
4 GRANTS PAYABLE
2024
2023
World Mission
Baptist Missionary Society
Wycliffe Bible Translation
SIM International
Margaya Fellowship (Sri Lanka)
Angola School project
Michael Mahon
Tearfund
3,900
2,700
3,900
3,000
300
750
575
250
500
150
Home Mission
Westminster Street Pastors
Agape Arabic Christian Centre
Christians Against Poverty
Parish Nursing
BU Home Mission
Westbourne Park Family Centre
500
500
400
350
3,600
27 000
32 350
1,200
3,600
31907
STAFF COSTS
2024
2023
Gross salaries
Social security costs
Employers contribution to defined contribution pension schemes
226,108 170,489
8,723
5,690
251,865 189,821
(15 141)
Pension costs of defined benefit pension schemes
The average number of employees during the year was 18 {2023'. 16). No employee (2023.. nil) was paid
more than £60,000.
E Welch and S Elmes each received a stipend of £25,382 and £15,900 respectively (2023.. E Welch..
£23,382) in their capacity as assistant pastor and pastor, and not as trustees. Pension contributions of
£4,485 (2023.. £2,338} were paid on their behalf. Payments are permitted in the company's governing
document.
E Welch and S Elmes both represent the key management of the company and the lotal employee
benefits {including employer's national insurance and pension contributions) were £51,362 (2023.
£27,796)
No remuneration was paid to any other trustee during the year. No trustee expenses were claimed by
trustees.

(15)
WESTBOURNE PARK BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
(continued)
TANGIBLE FIXED ASSETS
Freehold Leasehold Equipment
Properties Property & Furniture Computers Total
Cost
At 1 April 2023
Additions
Disposals
At 31 March 2024
56,302
6,976,011
118,303
3,180
12,362 7,162,978
810
3,990
6976011
121483
13 172 7 166968
Depreciation
At 1 April 2023
Charge for the year
Released on disposal
At 31 March 2024
4,435
1,037
83,946
7,508
10,983
657
99,364
9,202
108 566
Net book value
At 31 March 2024
At 31 March 2023
Freehold properties
The church property was acquired by the predecessor trust in 1875 and the original cost is considered to
have been fully depreciated prior to the building project. 2 Westbourne Park Villas (Manse and flat) were
acquired by the predecessor trust in 1920.
Leasehold property
The new church premises were funded by Dolphin Square Foundation in return for a long lease of the
church site, from 2019.
7 STOCK
2024
2023
Stock
DEBTORS
2024
2023
Trade debtors
Income tax recoverable
Prepayments and accrued income
Other debtors
13,855
18,506
5,891
12,470
16,494
5,597

(16)
WESTBOURNE PARK BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
(continued)
9 CREDITORS:
9a Amounts falling due within one year
2024
2023
Trade creditors
Accruals and deferred income
Other taxes and social security
Other creditors
20,823
44,198
1,732
80
36,392
9b Amounts falling due after one year
2024
2023
Other creditors
The amount included in other creditors is a loan from the London Baptist Property Board. Interest is charged
at a variable rate. At 31 March 2024 the interest rate was 6.50 % . The loan is repayable over 10 years to be
fully repaid by 28 February 2034.
10 FUNDS
Balance as at
1 April
2023
Balance as at
31 March
2024
Income Expenditure
Transfers
Restricted Funds
Food Pantry
Warm Welcome Café
Paddington Development Trust
Paddington Welfare
Flat Refurbishment
Iran
21,767
139,974
15,519
2,486
200
4,662
591
163,432
(162,003)
(15,519)
( 2,486)
200)
( 4,662)
262
21,767
(185,461)
262
UnrestriGted Funds
General
Designated fixed assets fund
99,266
7 027 878
348,249
(439,176)
775
9,114
(1037) 7 026 841
The Food Pantry fund represents grants and other income received to run a food pantry. There was a small
shortfall in the year which has been covered by a transfer from the general fund.
The Warm Welcome Café fund represents grants and other income received to run a café alongside the
food pantry.
The Paddington Development Trust fund represents funding an apprentice in premises management.
The Paddington Welfare fund and Iran fund relate to specific donations received which have been passed
on to the relevant charity.
The Flat Refurbishment fund represents income received for the refurbishment of the flat held by the charity.

(17)
WESTBOURNE PARK BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
(continued)
10 FUNDS (continued)
Balance as at
1 April
2022
Balance as at
31 March
2023
Income Expenditure
Transfers
Restricted Funds
Food Pantry
Paddington Welfare
20,855
113,923
200
114,123
(113,011)
21,767
20,855
(113,211)
21,767
Un￿strIGted Funds
General
Designated fixed assets fund
77,573
7 028 937
315,644
(295,010)
1,059
99,266
(1059) 7 027 878
11 ANALYSIS OF NET ASSETS
Net
Long
Current
Temi
Assets Liabilities
Fixed
Assets
Total
2024
Designated fixed assets fund
General
Total
7,026,841
7,026,841
18 276 (40 723)
Net
Long
Current
Term
Assets Liabilities
Fixed
Assets
Total
2023
Restricted
Designated fixed assets fund
General
Total
21,767
21,767
7,027,878
7,027,878
63 530
12 PENSIONS
The Church is a participating employer the Baptist Pension Scheme ('the Scheme"), which is a separate
legal entity administered by the Pension Trustee (Baptist Pension Trust Limited). The assets of the Scheme
are held separately from those of the Employer and the other participating employers.
The Scheme, previously known as the Baptist Ministers, Pension Fund, started in 1925, but was closed to
future accrual of defined benefits on 31 December 2011. Prior to this date the main benefit provided through
the Defined Benefit (DB) Plan was a pension of one eightieth of final minimum pensionable income for each
year of pensionable service together with additional pension in respect of premiums paid on Pensionable
Income in excess of Minimum Pensionable Income.
From January 2012, pension provision is being made through the Defined Contribution (DC) Plan within the
Scheme. In general, members pay 8 % of their Pensionable Income and employers pay 60k of members,
Pensionable Income into individual pension accounts, which are operated and managed on behalf of the
Pension Trustee by Broadstone Corporate Benefits Ltd. In addition, the employer pays a further 4 % of
Pensionable Income to cover Death in Service Benefits, administration costs, and an associated insurance
policy which provides income protection for Scheme members if they are unable to work due to long-term
incapacity. This income protection policy has been insured by the Baptist Union of Great Britain with Aviva
Limited.

(18)
WESTBOURNE PARK BAPTIST CHURCH
NOTES TO THE FSNANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
(continued)
12 PENSIONS (continued)
The Scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. Because
it is not possible to attribute the Scheme's assets and liabilities to specific employers, the scheme is
accounted for as if the Scheme were a defined contribution scheme.
The Ministers are eligible to join the Scheme.
Recovery Plan
In addition to the contributions to the DC Plan set out above, where a valuation of the DB Plan reveals
deficit the Trustee and the Council agree to a rate of deficiency contributions from churches and other
employers involved in the DB Plan. On 30th June 2022 the Baptist Pension Scheme signed an agreement
with the insurance company Just Group ("Just") to secure DB Plan members, pension benefits. Just are now
providing financial backing for all pensions provided through the Scheme's DB Plan and following this
transaction, the Scheme no longer has a shortfall. An updated Recovery plan was then signed in August
2022 under which recovery contributions from each participating employer in the DB Plan reduced to £1 per
month from August 2022.
Movement in Balance Sheet liability
Section 28.11A of FRS 102 requires agreed deficit recovery payments to be recognised as a liability. The
movement in the provision is set out in the table below.
2024
2023
Balance sheet liability at year start
Minus deficiency contributions paid
Interest cost (recognised in SOFA)
Remaining change to balance sheet liability
{recognised in SOFA)
Balance sheet liability at year end
16,400
(1,259)
476
(15617)
Cornprises any change in agreed deficit recovery plan and change in assumptions between year-ends
13 NET (EXPENDITURE)IINCOME
This is stated after charging
2024
2023
Depreciation
Operating Leases
9,202
11,548
14 OPERATING LEASE COMMITMENTS
2024
2023
Within 1 year
After one year but within five years
1,272
3244
1,272
15 RELATED PARTY TRANSACTIONS
The trustees donated a total of £19,920 (2023. £17,210) without any restrictions to the church.
One of the trustees is the CEO, and another is the trustee of Westbourne Park Family Centre {WPFC) from
which the church received rental income of £49,871 (2023.. £31,592) and bookkeeping and photocopier
contributions of £14,671 {2023.' £11,355). The church also granted WPFC £27,107 (2023. £27,000) towards
their work in the community, as part of the church's own ministry work.

(19)
WESTBOURNE PARK BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
(continued)
15 RELATED PARTY TRANSACTIONS {continued)
During the year, an interest free cashflow loan of £25,000 was received from E Welch, a trustee. The loan
was fully repaid and nil was outstanding at 31 March 2024. The church owed E Welch £18,778 at 31 March
2024 in respect of expenditure that she had paid on behalf of the church.
B Wright, brother-in-law of E Welch, received £6,218 (2023.. nil) for restoration works to the church flat. No
balance was outstanding at year end.
Remuneration of £3,328 (2023.. nil) was paid to family members of trustees.