**Charity registration number 1187741 (England and Wales)** ## **WEST LEIGH BAPTIST CHURCH** **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** ## **WEST LEIGH BAPTIST CHURCH** ## **LEGAL AND ADMINISTRATIVE INFORMATION** |**Trustees**|M M'Clelland|| |---|---|---| ||A Holmes|| ||Reverend J Jacobson|| ||T Simmonds|| ||S Culliford|| ||M Napper|| ||T Lawrence|| ||O Olugbodi|| ||S Campbell|| ||I Newton|| ||S Tollworthy|| ||D Monk|(Appointed 1 January 2024)| ||A Oladimeji|(Appointed 1 January 2024)| |**Charity number (England and Wales)**|1187741|| |**Principal address**|1150 London Road|| ||Leigh-on-Sea|| ||Essex|| ||SS9 2AJ|| |**Independent examiner**|John Caladine FCCA CTA FCIE|| ||Caladine Limited|| ||Chantry House|| ||22 Upperton Road|| ||Eastbourne|| ||East Sussex|| ||BN21 1BF|| |**Bankers**|CAF Bank Ltd|| ||25 Kings Hill|| ||West Malling|| ||Kent|| ||ME19 4JQ|| ## **WEST LEIGH BAPTIST CHURCH** ## **CONTENTS** ||**Page**| |---|---| |Trustees' report|1 - 4| |Statement of trustees' responsibilities|5| |Independent examiner's report|6| |Statement of financial activities|7| |Statement of financial position|8| |Statement of cash flows|9| |Notes to the financial statements|10 - 23| ## **WEST LEIGH BAPTIST CHURCH** ## **TRUSTEES' REPORT** ## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ The trustees present their annual report and financial statements for the year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, 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) (effective 1 January 2019)". ## **Objectives and activities** The church’s objectives as set out in the governing document are:- 1. The advancement of the Christian faith according to the principles of the Baptist denomination. 2. The church may also advance education and carry out other charitable purposes in the United Kingdom and/or other parts of the world. The Trustees note that the church is not a building, but a gathering of ordinary people of different ages and backgrounds, whose lives have been changed by Jesus Christ, the Son of God. The New Testament reveals the church as a community of people, properly taught and cared for, who by loving and serving Jesus Christ, were also committed to love and care for each other and also bring a blessing to the area in which they lived. West Leigh Baptist Church (WLBC), its Trustees and members are committed to the implementation of those New Testament principles. It is not alone in this; it is one of many churches in the area, country and all over the world that is rediscovering the excitement of knowing Jesus Christ. The vision is to see the people of the West Leigh district and beyond come into this experience of knowing Jesus Christ as their Lord, Saviour and friend. ## **Public benefit** The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. ## **Achievements and performance** To further the above objectives and vision, the charity's main activities and achievements during 2024 were as follows: - West Leigh Baptist Church (WLBC) is a thriving community of people who believe in, and follow Jesus Christ, believing Him to be the Son of God; a church of ordinary people who in reading and seeking to obey God’s Word, the Bible, are day by day longing to share the transformative love of God with the local community and beyond. Our vision Statement of “Jesus in Us, our Church, our Community, our World” remained our clear focus during 2024 along with a set of working principles to help fulfil this: Connecting with God, Connecting with each other and Connecting with the World. Although the Covid pandemic has passed, there are still many who have found mixing with others a challenge and as a church we have maintained the live streaming of the Sunday morning service, enabling a wider audience to be reached, including those who would otherwise not be able to join in person. Also, there has been continued use of technologies such as Zoom for on-line meetings and we continue to develop our forms of social media engagement. 2024 saw the continuation of a number of ministries and operational Task Groups with the purpose of developing disciples of Jesus and share in the planning and management of ministries such as Children, Youth and Families & Parish Nursing, along with operational support working alongside the Minister and Trustees. The Ministries and Task Groups are listed below. - Children, Youth & Families - Parish Nursing - Communication - Finance - Leadership - Mission and Discipleship - Pastoral - 1 - ## **WEST LEIGH BAPTIST CHURCH** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ - Buildings & Content - • Worship We have been blessed by the preaching and teaching of God’s word by two Ministers, one of whom worked for four-an-a-half days (75% stipend) and the other for three days (50% stipend). We continued the search for a new Associate Minister during 2024 as a replacement for one of the Ministers who has been with us on a temporary basis and left at the end of February 2024 returning to continue ministry in retirement in the north of England. No suitable candidate was identified and the search for an Associate Minister continues in 2025. During 2024 a volunteer Minister in Training appointed in Autumn 2023 left at the end of the Summer to take up a new appointment as a Student Minister in Hertfordshire. Prayer continues to be a key aspect across all ministries and activities with the continued meeting monthly on Saturday mornings and in Home Groups, weekly Pastoral meetings and evenings during the week using technologies such as Zoom to enable folk to gather on-line rather than in person. There were a number of baptismal services during the year with 5 people being baptised. We continued to encourage the church fellowship to prayerfully consider and financially support others beyond the local church by maintaining links with specific mission activities including: - - Baptist Missionary Society - Viva - Release International - An Indian orphanage - Christians Against Poverty - Other charitable organisations within the UK and overseas The church has many Home Groups with further expansion during 2024, which allows church attendees to have regular contact, prayer and support; these meet mainly in people’s houses or in some cases on-line. There were two Alpha Courses held at the church during the year for those seeking to find out more about the Christian faith. We have also continued to run activities for children and youth during 2024 and we are blessed with having a significant number of young people engaged in the various groups. This includes a Boys Brigade company and Girls Association which meets on Tuesday evening. A relaunched Friday night youth event entitled “Ignite” offering a safe place for teens to meet with recreational activities. We also commenced a teen focused weekly Bible study and joined with a national youth summer event called “Satellites” organised through New Wine. As an alternative to Halloween, we also arranged a “Light Party” which was open to the Children and Youth that attend activities at West Leigh but also extended to anyone in the neighbourhood with many walk-ins at the event. Another activity run by WLBC in conjunction with other churches in the Southend City area is COSMOS which offers football training and matches for youngsters; this runs from September to June. Each Monday we provide an opportunity for parents and guardians to bring children under school age to join a team of dedicated helpers at the church for “Stay and Play”. This is aimed at providing as safe environment for parents and carers to play together, do craft, chat and enjoy refreshments and is a service that is much appreciated in the local community as there is significant demand. Our Parish nurse team regularly attend Stay & Play offering advice and support. Wednesday continues to be a busy day at the church where our Parish Nurse team provides a range of complimentary services to those available through the local NHS practices, particularly supporting the elderly and providing fitness and wellness sessions to encourage those with physical needs to gain confidence by working with a fitness instructor in exercise classes, a facility available to everyone in the local community. During 2024 we have seen a significant increase in folk seeking help for mental health issues and are grateful that one of the Parish Nurse team is able to specialise in this area of support. We are also extremely grateful as a Church for the financial support we have received for specific needs from grant providers which include; Essex Community Foundation, the Co-op Community Fund, Frank Litchfield General Charitable Trust and John Lewis which amounted to over £10,500. - 2 - ## **WEST LEIGH BAPTIST CHURCH** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ Weekly activities include providing a safe place for folk to meet encouraging socialising and interaction with others, refreshments and lunches, plus the opportunity to join with us with a church service and activities to promote good mental health. During the summer a “holiday at home” event took place over a week specifically aimed for those who find going away difficult, an event which was well attended. In addition to those who met on Wednesdays, the Parish Nursing team also maintained regular contact with many who were continuing to be house-bound. The church has a proper system of ensuring that the vulnerable are cared for and protected via the Safeguarding Children, Young People and Adults at Risk Policy and the use of the Disclosure and Barring Service (DBS). Regular identification of those involved in both working with children and young people and vulnerable adults is carried out and training and support is provided. The system is reviewed annually and updated to keep up with best practice and legislation. The Church operates a Charity Shop (Cornerstone) located around one quarter of a mile from the church premises. This is a wholly owned subsidiary of West Leigh Baptist Church CIO and has three directors appointed with three part-time staff members responsible for the day-to-day operations of the shop which includes: Part time Manager, part-time Assistant Manager and cleaner along with a very committed team of volunteers. During 2024 a new Assistant Manager was appointed to replace the previous post holder who had resigned. As well as raising funds for the charity, Cornerstone also provides essential support and friendship to many in the community who come to buy goods but also receive love and care from the people who work there. Cornerstone continued to deliver good levels of turnover and profit to support the church building fund. WLBC continued to operate a distribution centre for the Southend Area Food Bank open each Saturday morning, with an increasing number of people in the community needing this kind of support due to economic circumstances. The distribution centre was run by a good number of volunteers, including some from the local community. One of our church members provides a chaplaincy service to local shopkeepers. This involves visiting their premises and engaging with the business owners and shop-workers to build relationships, talk about the issues they may be facing and offering support through prayer. The church also ran an Easter Fair and a Christmas Bazaar which raised money for the building fund. The aim is to run a series of events like these and the previously mentioned Light Party in future which will be a bridge to the local community. A number of community groups have been able to use the building with these external users also contributing to the church’s income through letting fees. After gaining planning permission from Southend-on-Sea City Council in early 2023, the 2024 year has been a period working on the detailed specification to progress with the building completion which included a gift and pledge day raising additional funds such that it is hoped that during 2025 work will commence in securing the necessary building contractor to take the project to the desired position of commencing the building work. During 2024, two legacies were received from the estates of Sheila Joines (£392,711) and Connie Bond (£500) for which the church is extremely grateful. Members have been reminded at Church Meetings that leaving a gift to WLBC in their Wills is something worth considering as a way of blessing the future work of WLBC. It will be noted that 2024 saw a surplus in the general account of £26k (excluding legacies). The church’s numerous activities would not have been able to take place without the hard work of the staff and the many volunteers who give up their time to serve. We are grateful for all this support. We are thankful too that church members and the wider congregation have continued to give generously and sacrificially to support the work of WLBC financially. The total number of church members at the end of the year was 185. - 3 - ## **WEST LEIGH BAPTIST CHURCH** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **Financial review** Unrestricted funds showed a surplus after transfers of £420,511. This compared to a surplus in the previous year of £66,288. Restricted funds showed a surplus, after transfers, of £102,432 (2023: surplus of £36,341). At 31 December 2024 unrestricted funds amounted to £817,377 and restricted funds were £1,807,351. The unrestricted funds include the net book value of the manse and the restricted funds include the net book value of the church buildings. The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. ## **Structure, governance and management** The charity is a Charitable Incorporated Organisation (CIO). It was registered with the Charity Commission on 4 February 2020 (no. 1187741). The work of the charity was previously carried out by another unincorporated charity of the same name (no. 1132875). On 1 January 2021 the unincorporated charity's assets and activities were transferred to the CIO. The trustees who served during the year and up to the date of signature of the financial statements were: M M'Clelland A Holmes Reverend J Jacobson T Simmonds S Culliford M Napper T Lawrence O Olugbodi S Campbell I Newton S Tollworthy D Monk (Appointed 1 January 2024) A Oladimeji (Appointed 1 January 2024) W Eugster (Resigned 29 February 2024) Responsibility for setting policy and for determining the parameters within which the charity should operate for making operating decisions rests with the church members' meeting with the appointment of Trustees who meet at least once a month to monitor the activities of the charity. Responsibility for the day to day operation of the charity is headed up by the Trustees led by the Ministers. New Trustees are appointed through the Church Members' Meeting as stipulated by the governing document. The trustees' report was approved by the Board of Trustees. A Holmes ## **A Holmes** Trustee Dated: 26 June 2025 - 4 - ## **WEST LEIGH BAPTIST CHURCH** ## **STATEMENT OF TRUSTEES' RESPONSIBILITIES** ## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales 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 charity and of the incoming resources and application of resources of the charity for that year. 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 judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. - 5 - ## **WEST LEIGH BAPTIST CHURCH** ## **INDEPENDENT EXAMINER'S REPORT** ## **TO THE TRUSTEES OF WEST LEIGH BAPTIST CHURCH** I report to the trustees on my examination of the financial statements of West Leigh Baptist Church (the charity) for the year ended 31 December 2024. ## **Responsibilities and basis of report** As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011. I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011. ## **Independent examiner's statement** Since the charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements 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 the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice. 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 charity as required by section 130 of the Charities Act 2011. - 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 financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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. John Caladine ## **John Caladine FCCA CTA FCIE** Caladine Limited Chantry House 22 Upperton Road Eastbourne East Sussex BN21 1BF 30 June 2025 - 6 - ## **WEST LEIGH BAPTIST CHURCH** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ |**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**Notes**
**£**
**£**
**Income and endowments from:**
Donations and legacies
**3**
620,645
197,955
Charitable activities
**4**
42,904
-
Investments
**5**
10,864
8,453
Other income
**6**
3,644
41,902
**Total income**
678,057
248,310
**Expenditure on:**
Charitable activities
**7**
257,546
40,821
Building fund
professional fees
**12**
-
105,057
**Total expenditure**
257,546
145,878
**Net income**
420,511
102,432
Transfers between
funds
**20**
-
-
**Net movement in**
**funds**
420,511
102,432
**Reconciliation of funds:**
Fund balances at 1 January
2024
396,866
1,704,919
**Fund balances at 31**
**December 2024**
817,377
1,807,351|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
818,600
225,985
108,308
42,904
34,700
-
19,317
1,833
4,937
45,546
2,671
30,048
926,367
265,189
143,293
298,367
240,605
65,248
105,057
-
-
403,424
240,605
65,248
522,943
24,584
78,045
-
41,704
(41,704)
522,943
66,288
36,341
2,101,785
330,578
1,668,578
2,624,728
396,866
1,704,919|**Total**
**2023**
**£**
334,293
34,700
6,770
32,719| |---|---|---| |||408,482| |||305,853
-| |||305,853| |||102,629
-| |||102,629
1,999,156| |||2,101,785| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. - 7 - ## **WEST LEIGH BAPTIST CHURCH** ## **STATEMENT OF FINANCIAL POSITION** ## _**AS AT 31 DECEMBER 2024**_ |**Notes**
**Fixed assets**
Property, plant and equipment
**14**
Investments
**15**
**Current assets**
Trade and other receivables
**16**
Cash at bank and in hand
**Current liabilities**
**17**
**Net current assets**
**Total assets less current liabilities**
**Non-current liabilities**
**18**
**Net assets**
**The funds of the charity**
Restricted income funds
**20**
Unrestricted funds
**21**|**2024**
**£**
**£**
1,718,159
5,001
1,723,160
23,879
984,192
1,008,071
(31,503)
976,568
2,699,728
(75,000)
2,624,728
1,807,351
817,377
2,624,728|**2023**
**£**
**£**
1,738,351
5,001
1,743,352
5,583
439,780
445,363
(11,930)
433,433
2,176,785
(75,000)
2,101,785
1,704,919
396,866
2,101,785| |---|---|---| The financial statements were approved by the trustees on 26 June 2025 ## **A Holmes** A Holmes **Trustee** - 8 - ## **WEST LEIGH BAPTIST CHURCH** ## **STATEMENT OF CASH FLOWS** ## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ |**Notes**
**Cash flows from operating activities**
Cash generated from operations
**26**
**Investing activities**
Proceeds from disposal of subsidiaries
Investment income received
**Net cash generated from investing activities**
**Net increase in cash and cash equivalents**
Cash and cash equivalents at beginning of year
**Cash and cash equivalents at end of year**|**2024**
**£**
-
19,317|**£**
525,095
19,317
544,412
439,780
984,192|**2023**
**£**
(5,001)
6,770|**£**
119,713
1,769| |---|---|---|---|---| |||||121,482
318,298| |||||439,780| - 9 - ## **WEST LEIGH BAPTIST CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **1 Accounting policies** ## **Charity information** West Leigh Baptist Church is a Charitable Incorporated Organisation governed by its constitution dated 4 February 2020. ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the charity's memorandum and articles of association, 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) (effective 1 January 2019)". The charity 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 charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. 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 charity 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 or grantors 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 Income** Income is recognised when the charity 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 charity 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. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. The value of donated goods for resale are recognised as income when sold. - 10 - ## **WEST LEIGH BAPTIST CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **1 Accounting policies (Continued)** ## **1.5 Expenditure** Liabilities are recognised when a constructive obligation exists, the payment is probable and the obligation can be measured or estimated reliably. Resources expended are allocated to the particular cost centre to which they relate and include irrecoverable VAT. ## **1.6 Property, plant and equipment** Property, plant and equipment 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 basis: Church building 1% straight line Manse 1% Straight line Fixtures, fittings and equipment 20% straight line The cost of the church building includes the cost of some land which is not depreciated. 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 Non-current investments** Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred. A subsidiary is an entity controlled by the charity. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities. ## **1.8 Impairment of non-current assets** At each reporting end date, the charity 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). ## **1.9 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. ## **1.10 Financial instruments** The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. - 11 - ## **WEST LEIGH BAPTIST CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **1 Accounting policies (Continued)** ## _**Basic financial assets**_ Basic financial assets, which include trade and other receivables 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 trade and other payables 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 payables 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 payables 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 charity’s contractual obligations expire or are discharged or cancelled. ## **1.11 Employee benefits** The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. ## **1.12 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 charity’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. - 12 - ## **WEST LEIGH BAPTIST CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **3 Income from donations and legacies** |**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
Donations and gifts
227,434
147,955
Legacies
393,211
-
Grants
-
50,000
620,645
197,955
**Donations and gifts**
Donations of cash
189,472
124,021
Income tax recoverable
37,962
22,304
Other
-
1,630
227,434
147,955|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
375,389
218,985
82,977
393,211
7,000
-
50,000
-
25,331
818,600
225,985
108,308
313,493
180,814
74,119
60,266
38,171
8,858
1,630
-
-
375,389
218,985
82,977|**Total**
**2023**
**£**
301,962
7,000
25,331| |---|---|---| |||334,293| |||254,933
47,029
-| |||301,962| ## **4 Charitable activities** |Parish nurse
Room and hall hire|**2024**
**£**
8,584
34,320
42,904|2023
£
9,808
24,892| |---|---|---| |||34,700| ## **5 Income from investments** ||**Unrestricted**|**Restricted**|**Total**|**Unrestricted**|**Restricted**|**Total**| |---|---|---|---|---|---|---| ||**funds**|**funds**||**funds**|**funds**|| ||**2024**|**2024**|**2024**|**2023**|**2023**|**2023**| ||**£**|**£**|**£**|**£**|**£**|**£**| |Interest receivable|10,864|8,453|19,317|1,833|4,937|6,770| - 13 - ## **WEST LEIGH BAPTIST CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **6 Other income** ||**Unrestricted**|**Restricted**|**Total**|**Unrestricted**|**Restricted**|**Total**| |---|---|---|---|---|---|---| ||**funds**|**funds**||**funds**|**funds**|| ||**2024**|**2024**|**2024**|**2023**|**2023**|**2023**| ||**£**|**£**|**£**|**£**|**£**|**£**| |Donation from subsidiary|3,644|41,902|45,546|2,671|30,048|32,719| ## **7 Expenditure on charitable activities** ||**Charitable**|Charitable| |---|---|---| ||**activities**|activities| ||**2024**|2023| ||**£**|**£**| |**Direct costs**||| |Staff costs|107,350|118,768| |Manse costs|2,861|4,070| |Telephone and utilities|15,235|18,318| |Church activities|12,998|12,684| |Catering|1,323|1,173| |Conferences, training and pastoral|1,541|800| |Children's work|7,143|4,875| |Evangelism and publicity|999|1,284| |Parish Nurse Ministry (Staff costs £28,530, 2023: £29,074)|32,375|31,313| |Repairs, maintenance and renewals|12,460|16,075| |Computer and IT|3,247|1,878| |Other funds and giving|2,643|315| |Miscellaneous expenses|180|519| |Staff expenses|4,916|1,247| ||205,271|213,319| |Grant funding of activities (see note 8)|32,899|32,993| |**Share of support and governance costs (see note 9)**||| |Support|54,364|54,664| |Governance|5,833|4,877| ||298,367|305,853| |**Analysis by fund**||| |Unrestricted funds|257,546|240,605| |Restricted funds|40,821|65,248| ||298,367|305,853| - 14 - ## **WEST LEIGH BAPTIST CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **8 Grants payable** ||**Charitable**|Charitable| |---|---|---| ||**activities**|activities| ||**2024**|2023| ||**£**|£| |Grants to institutions:||| |Baptists Together|1,045|1,026| |BMS|5,450|5,760| |CAP|1,850|1,860| |Home Mission|1,810|1,800| |Indian Orphanage|8,079|4,490| |Viva & KM|3,319|3,065| |Foodbank|761|1,805| |Release International|2,400|2,400| |Other|3,170|4,970| ||27,884|27,176| |Grants to individuals|5,015|5,817| ||32,899|32,993| ## **9 Support costs** |**Support**
**costs**
**Governance**
**costs**
**£**
**£**
Staff costs
28,932
-
Depreciation
20,192
-
Printing, postage and
stationery
2,082
-
Insurance
3,158
-
Payroll costs
-
1,333
Accountancy and
independent examination
-
4,500
54,364
5,833
Analysed between
Charitable activities
54,364
5,833|**Total**
**2024**
Support costs Governance
costs
**£**
£
£
28,932
27,665
-
20,192
21,755
-
2,082
2,322
-
3,158
2,922
-
1,333
-
1,337
4,500
-
3,540
60,197
54,664
4,877
60,197
54,664
4,877|Total
2023
£
27,665
21,755
2,322
2,922
1,337
3,540| |---|---|---| |||59,541| |||59,541| - 15 - ## **WEST LEIGH BAPTIST CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **10 Trustees** Reverend J Jacobson received gross pay (including housing and expense allowance) of £45,850 (2023: £43,650) and pension contributions of £4,440 (2023: £3,993) for his role as Minister. Reverend W Eugster received gross pay of £3,179 (2023: £17,763) and pension contributions of £89 (2023: £497) for his role as Minister. None of the other trustees received any remuneration or benefits from the charity during the year. Trustee donations amounted to £82,720 during the year (2023: £44,940). ## **11 Employees** The average monthly number of employees during the year was: |**Employment costs**
Wages and salaries
Social security costs
Other pension costs|**2024**
**Number**
12
**2024**
**£**
153,571
4,099
7,142
164,812|**2023**
**Number**
13| |---|---|---| |||**2023**
**£**
164,692
4,239
6,576| |||175,507| There were no employees whose annual remuneration was more than £60,000. ## **12 Building fund professional fees** ||**Restricted**|**Restricted**| |---|---|---| ||**funds**|**funds**| ||**2024**|**2023**| ||**£**|**£**| |Building fund professional fees|105,057|-| ## **13 Taxation** The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. - 16 - ## **WEST LEIGH BAPTIST CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ |**14**
**Property, plant and equipment**
**Cost**
At 1 January 2024
At 31 December 2024
**Depreciation and impairment**
At 1 January 2024
Depreciation charged in the year
At 31 December 2024
**Carrying amount**
At 31 December 2024
At 31 December 2023
**15**
**Fixed asset investments**
**Cost or valuation**
At 1 January 2024 & 31 December 2024
**Carrying amount**
At 31 December 2024
At 31 December 2023
Other investments comprise:
Investments in subsidiaries
Loans to subsidiaries|**Church**
**building**
**Manse**
**Fixtures,**
**fittings and**
**equipment**
**Total**
**£**
**£**
**£**
**£**
1,668,971
350,000
32,407
2,051,378
1,668,971
350,000
32,407
2,051,378
238,812
42,000
32,215
313,027
16,500
3,500
192
20,192
255,312
45,500
32,407
333,219
1,413,659
304,500
-
1,718,159
1,430,159
308,000
192
1,738,351
**Other**
**investments**
**£**
5,001
5,001
5,001
**2024**
**2023**
**Notes**
**£**
**£**
**25**
1
1
**25**
5,000
5,000
5,001
5,001| |---|---| In December 2023 West Leigh Baptist Church made an interest free loan of £5,000 to their subsidiary WLBC Cornerstone Limited (which runs the Cornerstone charity shop) to facilitate the operation of the new trading company. - 17 - ## **WEST LEIGH BAPTIST CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **16 Trade and other receivables** |**Trade and other receivables**||| |---|---|---| |**Amounts falling due within one year:**
Trade receivables
Other receivables
Prepayments and accrued income|**2024**
**£**
2,973
19,180
1,726
23,879|**2023**
**£**
422
3,536
1,625| |||5,583| ## **17 Current liabilities** |**Current liabilities**||| |---|---|---| |Trade payables
Amounts owed to subsidiary undertakings
Other payables
Accruals and deferred income|**2024**
**£**
26,672
-
538
4,293
31,503|**2023**
**£**
2,425
1,042
636
7,827| |||11,930| ## **18 Non-current liabilities** |**Non-current liabilities**||| |---|---|---| ||**2024**|**2023**| ||**£**|**£**| |Borrowings|75,000|75,000| The borrowings above represent monies loaned by a Church member in 2019 due to be repaid in ten years with no required payment prior to tenure expiring. The loan is interest free. |**19**|**Retirement benefit schemes**||| |---|---|---|---| |||**2024**|**2023**| ||**Defined contribution schemes**|**£**|**£**| ||Charge to profit or loss in respect of defined contribution schemes|7,142|6,576| The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. - 18 - ## **WEST LEIGH BAPTIST CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **20 Restricted funds** The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. |**Balance at**
**1 January 2023**
**£**
Social Enterprise Fund
3,995
Boys Brigade
337
WLBC Football Team
653
Church W/E
6,067
Building Fund (Church net book value)
1,466,284
Building Fund (fundraising)
176,653
BF (Cornerstone) Shop
4,108
Meg Cannon Film Project
-
Suryapet Orphanage
-
Parish Nurse
10,481
Ministerial Support
-
Other Restricted Funds
-
1,668,578|**Movement in funds**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**Balance at**
**1 January 2024**
**£**
**£**
**£**
**£**
9,295
(2,108)
-
11,182
1,520
(1,413)
-
444
1,420
(1,605)
-
468
-
-
-
6,067
-
(18,063)
(18,062)
1,430,159
89,897
(9,527)
(19,534)
237,489
-
-
(4,108)
-
860
(860)
-
-
2,498
(2,090)
-
408
25,331
(25,362)
-
10,450
7,878
-
-
7,878
4,594
(4,220)
-
374
143,293
(65,248)
(41,704)
1,704,919|**Movement in funds**
**Incoming**
**resources**
**Resources**
**expended**
**Balance at**
**31 December**
**2024**
**£**
**£**
**£**
240
(20)
11,402
1,011
(1,387)
68
1,320
(1,557)
231
-
(3,174)
2,893
-
(16,500)
1,413,659
237,163
(104,336)
370,316
-
-
-
440
(440)
-
3,771
(3,279)
900
-
(10,450)
-
-
-
7,878
4,365
(4,735)
4
248,310
(145,878)
1,807,351|**Movement in funds**
**Incoming**
**resources**
**Resources**
**expended**
**Balance at**
**31 December**
**2024**
**£**
**£**
**£**
240
(20)
11,402
1,011
(1,387)
68
1,320
(1,557)
231
-
(3,174)
2,893
-
(16,500)
1,413,659
237,163
(104,336)
370,316
-
-
-
440
(440)
-
3,771
(3,279)
900
-
(10,450)
-
-
-
7,878
4,365
(4,735)
4
248,310
(145,878)
1,807,351| |---|---|---|---| ||||1,807,351| - 19 - ## **WEST LEIGH BAPTIST CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **20 Restricted funds (Continued)** Social Enterprise Fund is a restricted fund to allow for future expenditure on social needs. Boys Brigade - WLBC has a BB company incorporating Girls Association where the church Finance team manages their books which we hold as a restricted fund. WLBC Football Team - the church has a youth football team (COSMOS) and the church Finance Team manages their books that are held as a restricted fund. Church W/E is a restricted fund to allow for future expenditure on a church weekend away. Building Fund comprises the net book value of the church building and cash funds raised and used for the church buildings. For the 2023 accounts the two parts of the fund have been separated out. The transfer out from "Building Fund (Church net book value)" of £18,062 during the year relates to depreciation not posted against the restricted fund in the previous year and instead posted to unrestricted funds. The "Building Fund (fundraising)" received a transfer from the BF (Cornerstone) Shop in the year and there was also an adjustment so that the funds agreed to the church records - these transfers resulted in a net transfer out of £19,534. BF (Cornerstone) Shop was a restricted fund to manage the charity shop. The remaining funds of £4,108 were were transferred to the "Building Fund (fundraising)" in 2023 following the setting of a new subsidiary company to run the shop. Meg Cannon Film Project - this is a restricted fund where gifts can be passed through church giving channels, and where this is managed by the Finance Team. Suryapet Orphanage - this is an Indian orphanage where WLBC along with 2 other local churches provide financial support from our main income tithe but where this fund enables individuals to provide specific donations which the Finance Team will settle monthly. Parish Nurse - this fund includes income from specific grants for the work of the Parish Nurse and expenditure which can be applied against it. Other activities are part of the General Fund. Ministerial Support - this fund contains donations received for the appointment of a new associate minister. Other Restricted Funds is the aggregation of several individually immaterial restricted funds to allow for future expenditure on projects and causes as laid out by the donor placing the restriction at the time of the gift. - 20 - ## **WEST LEIGH BAPTIST CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **21 Unrestricted funds** The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. |**At**
General reserve
Legacy Fund
General funds
**Previous year:**
**At**
General reserve
General funds|**1 January**
**2024**
**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
**£**
30,000
-
-
-
393,211
-
366,866
284,846
(257,546)
396,866
678,057
(257,546)
**1 January**
**2023**
**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
**£**
30,000
-
-
300,578
265,189
(240,605)
330,578
265,189
(240,605)|**Transfers**
**At 31**
**December**
**2024**
**£**
**£**
-
30,000
-
393,211
-
394,166
-
817,377
**Transfers**
**At 31**
**December**
**2023**
**£**
**£**
-
30,000
41,704
366,866
41,704
396,866| |---|---|---| The General reserve represents funds set aside in accordance with best practice advised by the Charity Commission. ## **22 Analysis of net assets between funds** |**Unrestricted**
**funds**
**Restricted**
**funds**
**2024**
**2024**
**£**
**£**
Fund balances are represented by:
Property, plant and
equipment
304,500
1,413,659
Investments
5,001
-
Current assets/(liabilities)
507,876
468,692
Long term liabilities
-
(75,000)
817,377
1,807,351|**Total Unrestricted**
**funds**
**Restricted**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
1,718,159
308,192
1,430,159
5,001
5,001
-
976,568
83,673
349,760
(75,000)
-
(75,000)
2,624,728
396,866
1,704,919|**Total**
**2023**
**£**
1,738,351
5,001
433,433
(75,000)
2,101,785| |---|---|---| - 21 - ## **WEST LEIGH BAPTIST CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **23 Operating lease commitments** ## **Lessee** At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows: |**2024**|**2023**| |---|---| |**£**|**£**| The lease related to the rental of the Cornerstone shop. In 2023 the trading activities were transferred to a separate trading subsidiary, WLBC Cornerstone Ltd (company number 14446176). ## **24 Related party transactions** L Lawrence, wife of trustee T Lawrence, received gross pay of £12,743 (2023: £12,745) and pension contributions of £385 (2023: £382) for her role as Parish Nurse. L M'Clelland, wife of trustee M M'Clelland, received gross pay of £15,701 (2023: £15,440) and pension contributions of £471 (2023: £463) for her role as Bookkeeper. ## **25 Subsidiaries** Details of the charity's subsidiaries at 31 December 2024 are as follows: |**Name of undertaking**|**Registered**|**Nature of business**|**Class of**|**% Held**| |---|---|---|---|---| ||**office**||**shares held**|**Direct Indirect**| |WLBC Cornerstone Limited|United Kingdom|Charity shop|Ordinary|100.00| The aggregate capital and reserves and the result for the year of subsidiaries excluded from consolidation was as follows: |**Name of undertaking**|**Profit/(Loss)**|**Capital and**| |---|---|---| |||**Reserves**| ||**£**|**£**| |WLBC Cornerstone Limited|-|1| - 22 - ## **WEST LEIGH BAPTIST CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ |**26**|**Cash generated from operations**||**2024**|**2023**| |---|---|---|---|---| ||||**£**|**£**| ||Surplus for the year||522,943|102,629| ||**Adjustments for:**|||| ||Investment income recognised in statement of financial activities||(19,317)|(6,770)| ||Depreciation and impairment of property, plant and equipment||20,192|21,755| ||**Movements in working capital:**|||| ||(Increase)/decrease in trade and other receivables||(18,296)|8,189| ||Increase/(decrease) in trade and other payables||19,573|(6,090)| ||**Cash generated from operations**||525,095|119,713| |**27**|**Analysis of changes in net funds**|||| |||**At 1 January**|**Cash flows At**|**31 December**| |||**2024**||**2024**| |||**£**|**£**|**£**| ||Cash at bank and in hand|439,780|544,412|984,192| ||Loans falling due after more than one year|(75,000)|-|(75,000)| |||364,780|544,412|909,192| - 23 -