Docusign Envelope ID.. B6C79A96-8lAD6A827-C5D2OO48E83B WESTGATE BAPTIST CHURCH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Charity Registration No. 242153
Docusign Envelope ID.. B6C79A96-8lAD6A827-C5D2OO48E83B WESTGATE BAPTIST CHURCH LEGAL AND ADMINISTRATIVE INFORMATION Trustees S B Kelly M Acampbell MrA Campbell J Thong A Campbell Resigned 1 January 2024 Charity number 242153 Principal address 107 Carlisle Road Manninghan Bradford BD8 8BY Independent examiner Alison Whalley BA (Hons) FCA Azets Audit servIs Ltd Carlton House Bradford BD14NS Bankers HSBC 1 Well Croft Shipley BD18 3QH
Docusign Envelope ID.. B6C79A96-8lAD6A827-C5D2OO48E83B WESTGATE BAPTIST CHURCH CONTENTS Page Trustees, report Independent examinerfs report Statement of financial activities Balance sheet Notes to the financial statements 6-12
Docusign Envelope ID.. B6C79A96-8lAD6A827-C5D2OO48E83B WESTGATE BAPTIST CHURCH TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees present their annual report and financial statements for the year ended 31 December 2023. 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 Constitution, the Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to chanties 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 charity's objects are to provide a Christian Imtness in Manningham, Bradford and within the wider community within a Baptist framework. The heart of the church's witness is its Sunday worship, however by working in partnership with other agencies the church aims to become a beacon of hope for the community in Manningham, Young members of the community can benefit by attending a homework club for one to one and group support with educational tasks. In setting our objectives and planning our activities. our trustees have given serious consideration to the Charity Commissions guidelines. Achievements and performance The Westgate Baptist Church building was built in the nineteen hundreds in the days when asbestos was the main use in buildings. Although we have to tske the age of the building and the maintenance required, the removal of the asbestos is ongoing, so far the Steadman room as been upgraded. Sunday School Two new members have joined our fellowship and have young children, which has given us the opportunity to restart the Sunday School, it is running very well. thanks to the teachers. Luncheon Club We no longer run a luncheon club. we have joined vlith Gitlington. Heaton and Manningham council of churches to support a food bank wth non-perishable goods that are delivered every two weeks. A special thanks to all who donate to this project Fund raising We depend on the generosity of our members and friends of the church. We have the church house, which was the caretakers house. We have upgraded it and was renting to gain income for the church. The tenants did not take good care of it. They have left and it is not being rented at the moment, therefore we will be starting fund raising Community workers We have had the community workers with us for a very long time, without them I do not know how the church would cope, they are doing a greatjob for us and they are under a very good leadership.
Docusign Envelope ID.. B6c79A96-81AD6m827-C5D2OO48E83B WESTGATE BAPTIST CHURCH TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Financial review During the year the charity received income of £28,392 {2022 £29,304) and incurred expenditure of £31,317 (2022 £37,579) after losses on investments of £237 (2022 losses of £595) the charity generated net expense of £3,161 (2022 £8,870 net expense). At 31 December 2023 the charity held reseprfes of £45.050 {2022 £48,211). It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The Trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. 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 charity registered in England and Wales and govemed by its constitution. The Trustees who served during the year and up to the date of signature of the financial statements were.. S B Kelly M A Campbell C M McKrieth MrA Campbell J Thong A Campbell (Resigned 30 June 2023) (resigned 1 January 2024) Election for trustees takes pla at Church meetings held in January and August each year. Each Trustee is elected for three years and then he or she can be r&elected. Each new Trustee is given a Charity Commission document detailing the responsibilities of a Trustee. The Church is governed by its Members through regular church members meetings. The Church meetings are recorded in the format of minutes. The Church meetings are used to appoint persons from amongst its members to become Deacons, Trustees and Officers of the Church. The Minister of the Church is also appointed through this process. The Minister, Deacons and Officers of the Church are responsible for the formulats'on of church policy, Other responsibilities include the day to day running and the Maintenan of the church property and the Manse. The Church has the beneficial use, (subject to relevant trusts), of the followng assets, the legal title to which is held by the church's custodian trustee, The Yorkshire Baptist Association.. The Church premises have an insured value of £5,012,538 The fixtures. fittings and equipment have an insured value of £105.595 The insured value of the Manse at 1 Canford Drive Bradford BD15 7AR is £323,363 (Tetley Street Memorial Baptist Church have an interest of 318 of the propety). The Trustees, report was approved by the Board of Trustees. Do¢uSlgned by.. l)oGu5vJDed by. (•L(L EFE471.. EQEB84 amp Trustee Dated.'20 June 2024 Trustee Dated: 20 June 2024
Docusign Envelope ID.. B6c79A96-81AD6m827-C5D2OO48E83B WESTGATE BAPTIST CHURCH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WESTGATE BAPTIST CHURCH I report to the Trustees on my examination of the financial statements of Westgate Baptist Church (the charity) for the year ended 31 December 2023. Responsibilities and basis of report As the Trustees of the charity you are responsible for the pparatIOn of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act). I report in respect of my examination of the charitys financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examinerfs statement Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance Vth the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) in preferen 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 thdrawn. l understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporbng periods beginning on or after 1 January 2015. I have completed my examination. I confimi that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect- accounting records were not kept in respect of the charty as required by section 130 of the 2011 Act., or the financial statements do not accord with those records- or the financial statements do not comply with the applicable requirements concerning the form and content of accounts sel out in the Charities (Accounts and Reporls) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial Statements to be reached. DocuSwJned by.. ons) FCA Azets Audit SeNices Carlton House Grammar School Street Bradford BD14NS Dated: 20 June 2024
Docusign Envelope ID.. B6C79A96-8lAD6A827-C5D2OO48E83B WESTGATE BAPTIST CHURCH STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted funds 2023 Total Unrestricted Restricted funds funds 2022 2022 Total 2023 2022 Notes Income from: Donations and legacies Charitsble activities Investments 20,281 1,443 6,669 20,281 1,443 6,669 18,108 2,019 9,177 18,108 2,019 9,177 Total income 28,393 28,393 29,304 29,304 enditure on: Charitable activities 31.317 31,317 37,507 72 37,579 Net gainsl(losses) on investments 10 (237) {237) {595) (595) Net movement in funds (3,161) (3,161) (8,798) (72) (8,870) Fund balances at 1 January 2023 48,211 48,211 57,009 72 57,081 Fund balances at 31 December 2023 45.050 45,050 48.211 48,211 The statement of financial activities indudes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
Docusign Envelope ID.. B6c79A96-81AD6m827-C5D2OO48E83B WESTGATE BAPTIST CHURCH BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Notes Current assets Debtors Investments Cash at bank and in hand 12 13 24,947 22,864 10,081 16,449 11,495 46.286 49,394 Creditors: amounts falling due within one year 14 (1.236) (1,183) Net cuent assets 45.050 48,211 Income funds Unrestricted funds 45,050 48,211 45,050 48,211 The notes on pages 6 to 12 form part of these financial ststements. The financial statements were approved by the Trustees on 20 June 2024 Do¢uSvJ ed by.. Do¢utd ty. CAykdL r A'V5ItWe11' 5799EFE471... Trustee Trustee
Docusign Envelope ID.. B6C79A96-8lAD6A827-C5D2OO48E83B WESTGATE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies Charity information Westgate Baptist Church is a charity. registered in England and Wales. Charity Number 242153 and is governed by its constitution. 1.1 Accounting convention The financial statements have been prepared in accordance wth the charity's constitution, the Charities Act 2011 and "Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their accounts in accordan 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 charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. 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 ¢urren¢y 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 concem basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 1.4 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 On 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 otherwse 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.
Docusign Envelope ID.. B6C79A96-8lAD6A827-C5D2OO48E83B WESTGATE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies {Continued) 1.5 Expenditure Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under heading that aggregate all costs related to the category. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. 1.6 Cash and cash equivalents Cash and cash equivalents indude 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. 1.7 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes paty to the contractual provisions of the instwment. Financial assets and liabilities are offset. Vth 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. Basic financial assets Basic financial assets, which indude debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction. where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or ServIS that have been acquired in the ordinary course of operations from suppliers. Amounts payable are dassified as Current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled.
Docusign Envelope ID.. B6C79A96-8lAD6A827-C5D2OO48E83B WESTGATE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies {Continued) 1.8 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 temiination benefits. 1.9 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Critical accounting estimates and judgements In the application of the charity's accounting policies, the Twstees are required to make judgements, estimates and assumptions about the carying 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. Donations and legacies Unrestricted Unrestricted funds funds 2023 2022 Donations and gifts 20,281 18.108 Charitable activities 2023 2022 Messenger Funerals and weddings Events Sundry income 39 1,229 107 68 48 875 423 673 1,443 2.019
Docusign Envelope ID.. B6C79A96-8lAD6A827-C5D2OO48E83B WESTGATE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Investments Unrestricted Unrestricted funds funds 2023 2022 Rental income Interest receivable 5,221 1,448 8,474 703 6,669 9,177 Charitable activities Charitable Charitsble Expenditure Expenditure 2023 2022 Staff costs Rates and water Insurance Light and heat Repairs and maintenance Cleaning Home mission Baptist mission service Donations to Charities Pulpit supply Activities and events 5,101 1,786 6,049 8,757 1,921 6,020 1.122 6.132 8.627 5.456 562 1,810 1,645 590 1,293 701 1,974 1,974 48 910 28,520 33,958 Share of support costs (see note 7) Share of governance costs (see note 7) 1,561 1,236 2.499 1.122 31,317 37,579 Analysis by fund Unrestricted funds Restricted funds 31,317 37,507 72
Docusign Envelope ID.. B6C79A96-8lAD6A827-C5D2OO48E83B WESTGATE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Support costs Support Governance costs costs 2023 Support Governance costs costs 2022 Postage and stationery Payroll charges Meals and refreshments Telephone and intemet Sundry expenses Legal and professional 132 240 280 675 234 132 240 280 675 234 111 210 111 210 616 508 1,000 616 508 1,000 Independent examiners fees 1,236 1,236 1,122 1,122 1,561 1,236 2,797 2,499 1,122 3,621 Analysed beeen Charitable activities 1,561 1,236 2,797 2,499 1,122 3,621 Governan costs includes payments to the independent examiner of £1,236 (2022- £1,122) for examination fees. Trustees None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the current or previous year. Employees The average monthly number of employees during the year was.. 2023 Number 2022 Number Employment costs 2023 2022 Vwdges and salaries Other pension costs 4,969 132 3,543 2,477 5,101 6,020 There were no employees whose annual remuneration vS more than £60.000 during the current or previous year. 10-
Docusign Envelope ID.. B6C79A96-8lAD6A827-C5D2OO48E83B WESTGATE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 10 Net gainsl(losses) on investments Unrestricted Unrestricted funds funds 2023 2022 Revaluation of investments {237) (595) 11 Taxation The charity is exempt from tax on income and gains falling wthin part11 of the Corporation Tax Act 2010 and falling within section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity. 12 Debtors 2023 2022 Amounts falling due within one year: Other debtors Prepayments 21,104 3,843 20,421 2,443 24,947 22,864 13 Current asset investments 2023 2022 Unlisted investments 9,844 10.081 14 Creditors: amounts falling due within one year 2023 2022 Accruals 1,236 1,183 11
Docusign Envelope ID.. B6C79A96-8lAD6A827-C5D2OO48E83B WESTGATE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 15 Restricted funds The income funds of the charity indude restricted fvnds comprising the following unexpended balances of donations and grants held on trust for specific purposes.. Movement in funds Incoming Balance at resources 31 December 2023 Balance at 1 January 2022 Resources Balance at expended1 January 2023 Security system 72 (72) A generous donation of £815 for a CCTV security system and door locks was given during the year ended 31 December 2018. The balance on this account has been spent on security in 2022. 16 Related party transactions There were no disdosable related paty transactions during the year (2022 - none). 12-