WESTBOURNE PARK BAPTIST CHURCH FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Charity Number 1143988 Company Number 07775348 WESTBOURNE PARK BAPTIST CHURCH FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Contents Page Directors, Report Independent Auditorfs report Statement of Financial Activities Balance Sheet Statement of Cash Flows Notes to the Financial Statements 10 (1) WESTBOURNE PARK BAPTIST CHURCH DIRECTORS, REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees have pleasure in submitting their report together with the financial statements for the year ended 31 March 2025. These financial stalements have been prepared in accordance with statulory requirements, the Memorandum & Articles of Association, the Companies Act, FRS 102 and the Charities, Statement of Recommended Practice (Charities SORP (FRS 102)). Reference and Administrative Information Charity registration number 1143988 Company registration number 07775348 Registered office Porchester Road, London, W2 5DX TrusteeslDirectors Stuart Elmes (Pastor) Abena Boateng Elizabeth Wel¢h (Assistant Pastor) Geoffrey Biggs Kenneth Asiedu The kay management personnel are the Trustees. Deacons Iretiola Badamosi Lorna Glasgow Bankers CAF Bank Ltd. 25 Kings Hill Avenue. Kings Hill. West Malling. Kent, ME19 4JQ Auditor Xeinadin Audit Limited. 5 Robin Hood Lane. Sutton, Surrey SM12SW Wellers Law Group, 65 Leadenhall Street, London, EC3A 2AD Solicitors Pensions Lucas Fettes Financial Planning, Lakeside 500, Old Chapel Way. Broadland Business Park,Norwich, NR7 OWG (2) WESTBOURNE PARK BAPTIST CHURCH DIRECTORS, REPORT FOR THE YEAR ENDED 31 MARCH 2025 (continued) Objectives and Activities Objects of the charity Westboume Park Baptist Church seeks to advance the Kingdom of God wherever we are, through loving God and loving people. The formal objects in the goveming 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. registered number 1143988. t is also registered with Companies House, registered number 07775348. Achievements and perfomiance 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. This growth has been directly linked lo our new Pastor, Rev Stuart Elmes, joining us from 1$1 October 2024. 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 at church, b8Ptism services, new church members. and a relaunch of small groups that had not fully recovered from the disruption of the pandemic. The church continues to 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 prayerteam, who pray together 5 days a week on Zoom to enable people to join from home. The once a month 'in person, prayer meeting in the church building. has also grown in attendance and in ils impact on the spiritual life of the church. We continued to use our pr8yer text service to communicate urgent requests for prayer, and a weekly em8il communication goes out to the church family and wider friends. Financially. Church members, including the trustees. make a significant contribution to the running of the church's activities. Around 70 % of the church membership remain actively involved in the church. In planning Ihe activities the tnjstees have had regard to the guidance on public benefit issued by the Charity Commission. Westbourne Park Food Pantry, which started in March 2021, has grown as an activity that Connects with Ihe local community, providing food support and offering dignity, choice and hope for people challenged by the rising cost of living. Grant making policy Westboume Park Baptist Church gives away a tithe 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 right ways. Part of the donation is given to the Baptist World Mission and also to Baptist Home Mission, as part of the church's identificalion with the worldwide Baptist family. On occasions the church will also support pastoral needs for people in the church where a need is made known, seeking to notjust give money, but 81so to 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 tnjstees have identified that the princrpal risk affecting the church is the continued impact on income due to the bookings for the building being less than planned for. This risk is being managed by minimal contracted staff with casual contract staff working for evenings and weekend bookings. {3) WESTBOURNE PARK BAPTIST CHURCH DIRECTORS, REPORT FOR THE YEAR ENDED 31 MARCH 2025 (continued) Risks and uncertainties (continued) The budget setting process for 202512026 has been done by separating the 3 entities of the church, the venue and the food pantry, providing greater clarity of where there is shortfall. The church budget is covering its costs, with the venue needing increased income from bookings and the food pantry needing more funding to support its costs. Fundraising The Church does not employ outside or commercial fund-raisers, and does not make appeals for funds beyond its members. The Church has not subscribed to any fund-raising regulator and has received no complaints about its fundraising activities. Other than publicly inviting an offering at every service when the building is open, we do not engage in persistent fundraising or intrusive fundraising praclices with any of our donors, including vulnerable people, and we never have private or coercive discussions with individuals about their giving. The church has re￿iVed funding for the Food Panty from Westminster City Council, who asked the church to set up and provide this servlce. Financlal review The accounts for the ye8r show a deficit of £1,559 compared to a deficit of £112,956 in 2024. 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 tithes and offerings from the church members and attenders has been maintained. Reserves The totsl funds held by the church at the end of the year were £7,034,39612024.' £7,035,955) of which £7,052.059 (2024'.£7.058,402) is invested in fixed assets. The free reserves, defined as the amounts held in general funds excluding the amount invested in propety and equipment were £23,657 (2024.. £18,276). The Trustees have established a policy whereby free reserves held by charity should be between 2 and 4 months of committed operating expenses. The free reserves were within this policy at 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 trustees are appointed by church members by the passing of an ordinary resolution at a general meeting. Trustees 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 stipend which is set with reference to recommendations from the Baptist Union. From 1. October 2024 this has applied to the Pastor and Assistant Pastor. The church works closely with the Westboume Park Family Centre which runs its activities in the church building but is constituted as a separate charity. Propety The Baptist Union Corporation Limited are the custodian trustees for the manse and the church propety that belong to the church. (4) WESTBOURNE PARK BAPTIST CHURCH DIRECTORS, REPORT FOR THE YEAR ENDED 31 MARCH 2025 (continued) Statement of trustees, responsibilities The trustees who are also the directors are responsible for preparing Ihe Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP; make judgments and accounting estimates that are reasonable and prudent; state whether 8ppIic8ble UK Accounting Standards have been followed. subject to any material departures disclosed and explained in the financial statements-, and prepare the financial slatements on a going con￿rn basis unless it is inappropriate to assume that the company will be able to continue in operation. The trustees are responsible for maintaining proper accounting record5 which disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 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 make themselves aware of any relevant audit information and to eslablish that the auditors are aware of that infomation. The above report is prepared in accordance with the special provisions relating to small companies wilhin Part 15 ofthe Companies Act 2006. Approved by the trustees and signed on their behalf Elizabeth Welch Stuart Elmes Date: 18 November 2025 (5) WESTBOURNE PARK BAPTIST CHURCH INDEPENDENT AUDITOR'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 Opinion We hava audited the financial statements of Westboume Park Baptist Church (the'chartty,) for the yearended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the notes to the financial statem8nts. 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 FinanGial 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 2025 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. Basis for opinion We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethic81 requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled 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. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees, use of the going concem 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 doubl on the Charity's ability to continue as a going concem for a period of at 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 Information 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 8nnual report. Our opinion on Ihe financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is lo 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 materrally misstated. If we 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. (6) WESTBOURNE PARK BAPTIST CHURCH INDEPENDENT AUDITOR'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 (continued) Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the WOTk 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 truslees, report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception 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 misstatements 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 Comp8nies Act 2006 requires us to report to you if. in our opinion.. adequate and proper accounting records have not been kept, or returns adequate for our 8udit 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 not made,. or we have not received all the information and explanations we require for our audil,. or the trustees were not entitled to prepare the financial st£tements in accordance with the small companies regime and take advantage of the small companies exemptions in preparing the trustees, report and from the requirement to prepare a strategic report. Responsibilities of trustees As explained more fully in the trustees. responsibilities statement, the trustees, (who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of th6 financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concem, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the company orto cease operations, or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and lo issue sn auditor's report that includes our opinion. Reason8ble assuran￿ is a high level of assurance. but is not a guarantee that an audit conducted in accordance wilh ISAS (UK) will always detect a material misstatement 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 to influence the economic decisions of users taken on Ihe basis of these financial slatements. 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 with laws and regulations related to employment and financial reporting legislation and we considered the extent to which non-compliance might 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 the Companies Act 2006 and the Charities Act 2011. We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fr8ud might occur, by making enquiries of management, Considering the intemal controls in pla￿ and discussion amongst the engagement team. (7) WESTBOURNE PARK BAPTIST CHURCH INDEPENDENT AUDITOR'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 (continued) We determined that the principal risks were related to presentation of separately disclosed items, revenug recognition including venue hire, donaled and restricted income and management override of controls. In response to the risks identified we designed procedures which included, but were not limited to, agreeing financial statement disclosures to underlying supporting documentation, testing income from source documenlation to accounting records. reviewing trustees minutes, evaluating the internal cx)ntrols and identifying and testing joumal entries. There are inherent limitations in the audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non- complian￿. Material misstatements that arise due lo fraud can be harder to detect than those that arise from error as they may involve deliberate con￿alMent or collusion. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at.. http.'/lwww.frc.org.ukJauditorsresponsibilities. This description forms part of our auditorfs report. Use of our report This report is made solely to the charitable companvs members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and regulations made underthatAct. Our audit work has been underlaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent permilted by law, we do not ac￿pt or assume responsibility to anyone other than the charitable company and its members as a body. for our audit work, for this report, or for the opinions we have formed. Miriam Hickson FCA (Senior Ststutory Auditor) for and on behalf of Xeinadin Audit Limited Statutory Auditor Chartered Accountants 5 Robln Hood Lane Sutton Surrey SM12SW Dated: 2025 (8) WESTBOURNE PARK BAPTIST CHURCH STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Unrestricted Restricted Funds Funds Unrestricted Restricted Funds Funds Total Total Note Income from: Donations and legacies Charitable activities Other Income 110,689 225,322 336.011 100,951 139,974 240,925 254,602 19.718 274,320 239,640 239,640 782 782 Total income 366073 245040 611 113 348249 163432 511681 Expenditure on.. Charitable activities 377102 235570 612672 439176 185461 624637 Total expenditure 377102 235570 612672 439176 185461 624637 Net (expenditure)lincome 11029) 112 956) Transfers between funds 262 Net rnovemant In funds (10,767) 9,208 (1,559) (91.189) (21,767) (112.956) Reconciliation of funds Total funds brought forward 10 7 035 955 7 035 955 7 127 144 21767 7 148911 Total funds carrled forward 10 A2Qfi LQ1£￿ LQI& The statement of financial activities includes all gains and losses in both years. These figures above relate to continuing operations in both years. The notes on pages 11 to 18 form part of these financial statements. (9) WESTBOURNE PARK BAPTIST CHURCH BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Note Fixed assets Tangible fixed assets 7,052,059 7,058,402 Current assets Stock Dabtors Cash at bank 4.507 42,103 2,709 44,683 95,282 89,562 Creditors: Amounts falling due within one year 9a 62 417) (71286) Net current assets Total assets less current liabilities 7,084.924 7,076,678 Creditors: Amounts falling due after more than one year 9b 50 528) 40 723) Net assets Funds Unrestricted Funds Restricted Funds 10 10 7,025,188 7,035,955 35 These financial statements have been prepared in accordanc8 Wlth the special provisions of Part 15 of the Companies Act 2006 re5aling to small compani8S. These financial statements were approved by the Trustees on 18 November 2025 and signed on their behalf by Elizabeth Welch Director The notes on pages 11 to 18 form part of these financial statements. Company Number 07775348 (10) WESTBOURNE PARK BAPTIST CHURCH STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Cash used for operating activities (8.267) (69,610) Cash flows from investing activities Payments to acquire tangible fixed assets Cash used by investing activities (1503) Cash flows from financing activities Proceeds on new loans Repayment of loans Cash {used)Iprovided by financing activities 18,778 45,000 16,272 43,500 Net cash Inflowl(ouffiow) 6,502 (30,100) Cash and cash equivalents at 1 April 2024 Cash and cash equivalents at 31 March 2025 Cash used for operating activitles: Net expenditure Depreciation Increase in stock Decrease in debtors Increase in creditors Cash used for operatlng actlvlties (1,559) 7,846 (1.798) 2,580 (15 336) (112,956) 9,202 117) 3,724 Analysls of changes in net debt 1 April Cash flows Non