Charlty reglstration numbor NIC107391
WINDSOR BAPTIST CHURCH
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

WINDSOR BAPTIST CHURCH
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr Gordon Darragh
Mr David Dunlop
Mr Mark Houston
Mr Nigel Younge
Mr Sale Ogbobl
Mr Brian Johnston
Mr Richard GreenW￿d
Mr Paul Johnston
Mr Tlmothy Warke
Mr Steven Alexander
Mrs Heather Johnston
Mr James M¢Conk8y
Mlss Nlcola Brown
Mrs Janet Darragh
Mrs Karen Mercer
Mr Stephen Moore
Mrs Sharon Parker
Mrs Gerlinde Scott
Mr Andrew McDowell
Mrs Jenny Harron
Mr Mike Griffith
Mr Paul Harron
Mr Sotonye Frank
Mrs Marcy Gboloo-Teye
Mr Ralph Barron
Mrs Glft Solonye-Frank
Mrs Catherinè Hall
Miss Lynsey Jess
Mlss Naomi Jones
Miss Heather Law
Mr Mark Spenc8
(Appointed 15 November 2023)
(Appointed 15 Novembar 2023)
(Appointed 15 November 2023)
(Appointed 15 November 2023)
(Appointed 15 Novernbgr 2023)
(Appointed 15 November 2023)
(Appointed 15 November 2023)
Charlty numbor
NIC107391
RogISter￿ offlce
The Majestic
208-212 Lisburn Road
Belfast
BT9 6GD
Auditor
Harblnson Mulholland
Centropoint
24 Omieau Avenue
Belfast
Co. Antrim
Northern Ireland
BT2 8HS

WINDSOR BAPTIST CHURCH
LEGAL AND ADMINISTRATIVE INFORMATION
Bankers
Danske Bank
Donegall Square West
Belfast
Co. Antrim
Northem Ireland
BT16JS
AIB
78 W8111ngton Street
8allymena
Co. Antrim
BT43 6AF

WINDSOR BAPTIST CHURCH
CONTENTS
Pago
Trusteès. report
Independènt audltorts report
ststement of flnanclal actfvitles
Statement of flnanclal position
ststgment of cash flows
Notes to the financlal statements
10-18

WINDSOR BAPTIST CHURCH
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees present their annual report and financial statements for thè year ended 31 December 2023.
The financial statements have been preparèd in accordance with the accounting policies set out In note 1 to the
financlal slalements and comply with the Charity's governing document, the Charities Act 2008 and 'Accounting and
Reporting by Charltles.. Statement of Recommended Practi￿ applicable to charilies preparing their accounts in
accordance wlth the Financial Reportlng Standard applicable in thè UK and Republic of Ireland IFRS 102) (effective
1 January 2019)"
ObJe¢tlvo$ and activltlos
Windsor Bapt15t Church is a local church and communlty of people who seek to love and worshSp God,. follow Jesus
& love to serve our neighbour.
Our vislon 'to be a church without walls, Includes the deslred Intenilon to be a place of BELONGING.
MULTIPLYING,. SERVING & GOING
We alm to be a church where..
we welcorne everyone and anyone. and encourage them to belong to God and to each othèr
we grow as more peopl8 choose to love God, follow Jesus and join the Church
we equip and empower people to serve (within our family and beyond)
we encourage people to go and be Christ's wltnesse5 where they Ilve, study, work and to the ends of the
earth
Thé trustees have paid due regard to guidance issued by the Charlly Commlsslon In d8clding wh8t actlvlties the
Charity should undertake.
Achlevements and pèrfomiance
The net gain for the year amounted to 44,750 {2022: £560,517), of which a deflcil of £29,513 Is attributable to
unrestrlcted reserve5 which now sland al £2,985,804 12022.. £3,015,317) and a net surplus of £74,263 is
attributable to restricted reserves which now total £476.450.
2023 has been anothèr busy year for the church. Attendance is encouraging with over 400 on Sunday mornings and
approximaiely 150 on Sunday evenings. The Sunday morning service is streamed live and has approximately 60
online attendees Wlth a further 200+ vlews on demand on any given week. The evening attendance was boosted to
approximately 250 for four evenings in the autumn for a dlscipleship programme called Equip. There were four
different streams available for attendees lo choose from. There are activities for youth and children, however while
the number of chlldren has increased, therè has been a decrease in youth attendance. Among the busy mldweek
programme of activities, some are specifically aimed at Internationals, whether they are studying, working or
Seeking asylum in N. Ireland. Over 30 nations are represented. between midweek and Sunday activities.
A new member of staff was w81comed in April as a Communlty Worker, with Inltlal focus on the internatlonal
community. Opportunity was glven for the Youth and Senior Pastors to take Ihree-month sabbaticals (although not
at the same timel. A Youth Volunteer is assisting and learning from the Youth paslor during the academic year 20231
24. To asslst in the pastoral care of such a large congregation the pastoral care team has been expanded to 14
volunteering alongside the elders.
The final payment to the bullder for Ihe Majestic development project was m8de after an item of remedial work over
the summer. Unfortunately, there is still one remaining issue. outsid8 the buSSder's contrad. of sound crossover in
the building, whi¢h is baing Invesligated by the architect. Thanks to the ongoing generosity of members and friends
a lump sum has been paid off against the loan. It is hoped to continue to repeat this as and when funds becDme
available. As can be seen for the attached financial details we have much to thank God for.
Structure, governance and management

WINDSOR BAPTIST CHURCH
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees who served during the year and up to the date of signature of the financial statements were..
Mr Gordon Darragh
Mr David Dunlop
Mr Mark Houston
Mr Nigel Younge
Mr Sale Ogbobi
Mr Brian Johnston
Mr Rlchard Greenwood
Mr Paul Johnston
Mr David Fleming
Mr Brian Allen
Mr Colln Johnston
Mr Timothy Warke
Mr Steven Alexander
Mr Andrew Dempster
Mr Daniel Gt4)loo-Teye
Mrs Alison Johnston
Mrs Mary Obgobi
Mrs Yolanda Thompson
Mrs H8ather Johnston
Mr James Mcconkay
Miss Nicola Brown
Mrs Janet Darragh
Mrs Karen Mercer
Mr Stephen M¢)ore
Mrs Sharon Parker
Mrs Gedlnde Scott
MrAndrew McDowell
Mrs Jenny Harron
Mr Mike Griffith
Mr Paul Harron
Mr Sotonye Frank
Mrs Mercy Gbolo￿Teye
Mr Ralph Barron
Mrs Gift Solonye-Frank
Mrs Catherine Hall
Miss Lynsey Jess
Miss Naoml Jones
Miss Heather Law
Mr Mark Spence
(Resigned 15 November 2023)
(Resigned 15 November 2023)
IRe$lgn8d 15 November 2023)
IResign8d 15 November 2023)
(Resigned 15 November 2023)
(Resigned 15 November 2023)
(Resigned 15 November 2023)
(Resigned 15 November 2023)
(Appointed 15 November 2023)
(Appointed 15 November 2023)
(Appointed 15 November 2023)
(Appointed 15 November 2023)
(Appolnted 15 November 2023)
(Appointed 15 November 2023)
(Appointed 15 November 2023)
Publlc Benefit
The Trustees believe that the public benefits from its Sunday services and weekly activities in the education on how
to seNe and glorify G¢>J and thereby serving their neighbour well. The community facllitles offered through the use
of the church bulldlng are also beneficial to the public.

WINDSOR BAPTIST CHURCH
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Statsment of trustees. responsibllltles
The trustees are requlred to prepare the Annual Report and financial statements for each financial year, which give
a true and fair vtew of the state of the affalrs and of the surplus or deficit of the Church for that year and have been
prepared in accordance with United Kingdom Generally Accepled Accounting Pracli¢e. In preparing Ihese the
trustees are requlrad to.. _
select sultable accountlng policies and apply them consistently;
make judgements and estimates that are reasonable and prudent:
prepare th8 financial statement5 on the going con￿rn basls unle$$ it Is inapproprFate to presume that the
Church wlll continue In busln8SS.
The trustees a￿ re8ponsible for keeplng proper 8¢¢ounting records, whlch dlsclose Wbth rea3on8ble 8ccAJracy at
any tlme the financial posStlon of the Church. They are also responslble for safeguardlng the a98ets of the Church
and hence for taklng reasonable steps for the prevention and detection of fraud and other Irregularllles.
The trustees, report was approved by the Board of Trustees.
Mr David Dunlop
Trustaa
Date..

WINDSOR BAPTIST CHURCH
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF WINDSOR BAPTIST CHURCH
Opinion
We have audited th8 financial statements of Windsor Baptist Church (the 'Charity'l for the year ended 31 De￿mber
2023 which comprise the statement of financial adivities. the statement of financial position, the statement of cash
flows and notes to the financial ststements. including significant accounting policies. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standard5,
including Financial Reporting Standard 102 The Financi81 Reporting Standard 8pplic8bl8 in the UK and Republlc of
Ireland (United Kingdom Generally Accepted Accountlng Practice).
In our oplnion, the financial statements..
give a true and fair view of the state of the charity's affairs as at 31 December 2023 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 Compani8s Act 2006.
Basls for oplnlon
We conducted our audlt In accordance with Internatronal Standards on Audltlng (UK) (ISAS IUK}) and appllcab18
law. Our ￿SPOnSibl11t18S under those standards are further described In the Auditors responsibilities for the audit of
the financlal statgments seGlion of our r8POrt. We are independent of the Charity In accordance with the ethical
quirement5 that are relevanl to our audit of the financial statements In Ihe UK, includlng th8 FRC'S Ethical
Standard, and we have fulfilled our other 8thical responsibilities in accordance with these requirements. We believ8
that the audit evldence we hav8 obtained is sufficient and appropriate to provide a basis for our opinion.
Concluslons relatlng to golng concern
We have nothing to report in respect of the following matters in relation to which the ISAS (UK) require us to report
to you were:
the trustees, use of the going concern basis of accounting in the preparation of the financi8151at8ments is not
appropriate-, or
the trusle88 have not disclosed in the flnanclal statements any identified material uncertalntles that May cast
significant doubt about the group's or the parent Company's ability to continue to adopt the going concern
basis of a¢countlng for a period of Bt least twelve months from the date when the finan¢l81 statements are
authorlsed for issue.
Other Inforniatlon
Th8 Other Infomation comprises the informatlon included in the Trustee5' Report, other than the financial
statements and our auditor's report thereon. The trustee5 are responsibl8 for the other informatlon. Our oplnlon on
the financial statements does not cover the other Information and, except to the extent otherwise explicitly slated in
our report, we do not express any fomi of assurance conclusion thereon.
In connection wlth our audit of the financial statemonts, our responsibility is to re8d the other information and, in
doing so, consider whether the other information Is materlally inconsist6nt with the financial statements or our
knowledge obtsined in the audit or olherwise appears to be materlally misstated. If we identify such malerial
inconsistencies or apparenl material misstatements, we are required to determine whéther there is a m81erial
misstatement in the financial statements or a material misstatement of the other information. If, based on the work
we have perfomied. we conclude that thara is a material misstatement of this other information, we are required to
report that fact.
We have nothing to report in this regard.
Matters on whlch we are required to report by èxception
We have nothing lo report in respect of the following matters in relation to which the Charities (Accounts and
Reports) Regulations 2008 require us to report to you if. in our opinion..
adequate accounting records have not been k8Pt or retums adequate for our audit have not been received
from branches not visited by us., or
the financial slatemenls are not in agreement with the accounting records and returns.. or
we have not received all the information and explanations we require for our audit.

WINDSOR BAPTIST CHURCH
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF WINDSOR BAPTIST CHURCH
Responsibllltles of trustees
As explained more fully in the ststement of trustees, responsibilitiés, the trustees are responsible for the preparation
of the financial statements and for being satisfied that they give a true and fair vlew, and for such internal control as
the trustees detemiine is ne￿SSary to enable the preparation of financial statements that are free from material
misststemènt, whether due to fraud or error. In preparlng the financial statements, the trustees are responsible for
assèssing the Charity's ability to contlnue as a going concern, disclosing, as applicable, matters related to going
concern and using the going concem basis of accounting unless the trustees either intend to cease operations, or
have no realistic allemative but to do so.
Audltorfs responslbllltl8s for the audlt of the financial statements
Our objectives are to obtain reasonable assurance about whether the financlal statements as a whole are free from
malerial misstatement. whether due to fraud or error, and to issue an auditorfs report that includes our opinion,
Reasonable assurance is a high level of assurance bul Is not a guarantee that an audit conducted in accordance
with ISAS (UK) will always detect a materlal mlsslatement when 11 exlsls. Mlsstatements can arlse from fraud or
error and are considered material if, individually or In the aggregate, they could reasonably be expected to Influenc8
the economic decisions of users taken on the basls of these financlal ststements.
A further descrlption of our responsibllllles Is avallable on the Financial Reporting Council's website at.. https'.11
www.frc.org.ukJauditorsresponsibllilies. This description form5 part of our auditorfs report.
Our approach to identifying and assessing the risks of materlal misstatement in respect of irregularitles. including
fraud and non-compliance with laws and regulations, was as follows..
the engagement partner ensured that the engagement team collectively had the appropriate competence,
capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
we identified the laws and regulallons applicable to the company through discussions with trustees andlor
senior management. and from our commercial knowledge and experience of the sector;
We focused on specific laws and regulations whlch we considered may have a direct matèrial effect on the financial
ststements or the operations of the company, Including Companles Act 2006, taxation legislation, data protection,
anli-bribery, employment, environmental and health and safely lèglslation
we assessed the exient of compliance with the laws and regulations identified above through maklng
enquiries of management and inspecting legal correspondence,. and
identified laws and regulations were communicated withln the audit team regulady and the team remained
alert to inslan¢es of non-compliance throughout the audit.
We assessed the susceptibility of the company's financlal statements to mat8rlal misstatement, in¢ludlng obtalnlng
an understanding of how fraud might occur, by:
making enquiries of management as lo where they ¢onsldered there was sus¢eplibility to fraud, their
knowledge of actual, suspected and alleged fraud,. and
¢onsidering the internal controls in place lo miligale risks of fraud and nonwcompliance wlth laws and
regulations.,
To address the risk of fraud through management bias and override of Controls. we:
performed analyllcal procedures to identlfy any unusual or unexpectsd relationships.,
tested joumal entries to identify unusual transactions.,
assessed whether judgements and assumptions made in detemiining th8 accounting estimates set out in
Note 2 were indicative of potential bias,. and
investigated the rationale behind significant or unusual transactions.,
In response to the risk of irregularities and non-wmpliance with laws and regulatlons, we designed procedures
which includ8d, but were not limited to:
agreeing financial statement disclosures to underlying supporting documentation-,
reading the minules of meetings of those charged with governance.,
enquiring of management as to actual and potential litigation and claims., and
revlewing correspondence with HMRC and the company's legal advisors.,

WINDSOR BAPTIST CHURCH
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF WINDSOR BAPTIST CHURCH
There are Inherent limitations in our audlt prO￿dureS described above. The more removed that laws and
regulations are from financlal transactions, the less likely ￿ is that we would become aware of non-compliance.
Auditing standards also limit the audit procèdures required to identify non-compliance with laws and regulations to
6nqulry of the trustees and other management and the inspecilon of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detèct than those thal arise from Srror as they may
involve deliberate concealmént or collusion.
Angola Cralgan (Senlor Statutory Audltor)
for and on behalf of Harblnson Mulholland
Chartornd Accountant•
Statutory Audltor
Centrepoint
24 Omieau Avenue
Belfast
Co. Antrim
Northem Ireland
BT2 8HS
191C612024
Harbinson Mulholland Is eligible for appolntment as auditor of the Charlty by virtue of its eliglbilily for appolntment as
audltor of a company under section 1212 of the CompaniesAct 2006.

WINDSOR BAPTIST CHURCH
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
Unrestricted Restricted
funds
funds
2023
2023
Total Unrestricted Restrlcted
funds
funds
2022
2022
Total
2023
2022
Note$
Incoma and endowments from:
Donations and legacies
Charltable activities
Investments
Other Incom8
550,095
5.815
502
146,088
2,200
696,183
8,015
502
469,944
8,221
637
539,761
182.458
2.200
652,402
10.421
637
539,761
Total Incomo
556,412
148,288
704,700
1,018,563
184,658 1,203,221
Charitable activities
566,036
93,914
659,950
546,771
95,933
642,704
N8t Incom•l(expendlture)
19,624)
54,374
44,750
471,792
88,725
560,517
Transfers be￿88n
funds
(19,889)
19,889
Ngt mov8ment In
funds
(29,5131
74,263
44,750
471,792
88,725
560,517
Raconclllatlon of funds:
Fund balances at l January
2023
3,015,317
402,187 3,417,504
2,543,525
313,462 2,856,987
Fund balances at 31
Daeémbèr 2023
2,985,804
476,450 3,462,254
3,015,317
402,187 3,417.504
The statement of financlal 8Ctivities indudes all galns and losses r￿OgnIsed In th8 year. All income and expenditure
d8rlv8 from conllnuing a¢tivlties.

WINDSOR BAPTIST CHURCH
STATEMENT OF FINANCIAL POSITION
AS AT31 DECEMBER 2023
2023
2022
Notes
Flxed assets
Tangible as$8ts
11
4,745,461
4.842,383
Current assets
Debtors
Cash at bank and In hand
12
19.911
154.844
21.156
230,489
174,755
251,645
Crodltor8: amounts falllng duo wlthln
one year
14
507.844
818.608
Net current Ilabllltlés
(333.089)
(384.963)
Total assets l•$• curront Ilabllltle8
4,412,372
4,477.400
Credltorn: amounts falling due aftor
moro than one yoar
15
(950,118>
(1,059.896)
Ngt a88ets
3,462,254
3,417,504
The funds of th8 Charlty
Restrlcted income funds
Unrestricted funds
16
476,450
2.985.804
402,187
3,015,317
3,462,254
3.417,504
The financial statements were approved by the trustees on ... .
Mr Davld C¥Jnlop
Trustee
Mr Nigel Younge
Tnmt¢¢

WINDSOR BAPTIST CHURCH
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
Nots8
Cash flows from operatlng actlvltles
Cash generateAI from operations
19
69,548
143.936
Investlng activltla$
Purchase of tangible fixed assets
Proceeds from disposal of tangible flx8d
assets
Investment Income received
125,917)
(15,5201
1,372,761
637
502
Net cash (used In)Ig•neratsd from
Investlng actlvltles
(25,415)
1,357,878
Flnanclng acllvltle8
Repayment of borrowings
Repayment of bank loans
110,0001
(109,778)
(81,000)
(1.486.101)
Net cash u8ed In flnanclng actlvftlas
(119,778)
11,567,101)
Not decrea88 In ca8h and cash oqulvalents
(75,645)
165,2871
Cash and cash equivalènts at beginning of year
230,489
295,776
Cash and ca8h equlvalonts at ènd of year
154,844
230.489

WINDSOR BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accountlng policies
Charlty Informatlon
Windsor Baplist Church is a réglstered charity in Northem Ireland. The reglstered office is The Majestic, 208-
212 Lisburn Road, Belfast. Co. Anlrim, BT9 6GD.
1.1 Accountlng convention
The financial statements have been prepared in accordance with Ihe "Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to charities preparing thelr accounts in accordanc6 with the
Financial Rèporting Standard applicable in the UK and Republic of Ireland IFRS 102)" as amended for
accountlng period commencing from 1 January 2016. The charity is a Publ1¢ Beneflt Entlty as defined by FRS
102.
Th8 financlal statements are prepared In startlng, which is the functional currency of the Charty. Monetary
amounts in these financlal statements are rounded to the nearest £.
The financial statements have been prepared under the hlstorlcal cost conv8ntlon, modifled to include the
revaluation of fr88hold properties and to include inv8Stment properties and certain flnanclal instruments at fair
value. The principal accounting policies adopted are set out below.
1.2 Golng concern
At the time of approving the financial slatements, the trustees hav8 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 statemenls.
1.3 Charltable funds
un￿strICted funds are available for use 8t the discretion of the trustees In furtherance of their charitable
obleclives.
Restricted funds are subject lo specific conditions by donors or grantors as lo how they may be used. Th8
purpose5 and uses of the restricted funds are set out in the notes to the financial slatements.
Investffl8nt in¢om8 Is allocaled lo the appropriate fund.
1.4 Income
Income is recognised when the Charity I318gally entitled to it after any performance conditions have be8n
met, the amounts Can be measured reliably, and it is probable that Income wlll be received,
Donations, are recognlsed when Ihe Trustee has been notlfled In wrltlng of both the amount and settlement
date. In the event that a donation is Subject to con(Jltions that require a level of performance before the charity
is entitled to the fund5, the income is deferred and not recognised unlil either those conditions are fully met, or
the fulfilment of those condltlons is wholly within the control of the charity and it is probable that those
condilions wlll be fulfilled in the reporting parfod.
1.5 Expondlture
Liabilities are recognis8d as expenditure a5 soon as there is a legal or conslructive obllgation committing the
charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can
be measured reliably.
All expenditure is accounted for on an accruals basls. All expenses including unrestricted costs and restrioted
costs are allocated or apportion8d to Ihe applicable expenditure headings.
10-

WINDSOR BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting pollcies
(Contlnued)
1.6 Tangible fixed assets
At each balance sheet date, the carylng amount of tangible assets are reviewed to determlne whether there
is an indication that those assets have suffered an impairment loss. Where the carrying value exceeds the
estimated recoverable amount (￿ing the greater of fair value less costs to sell and value-in-use), an
impairment loss is recognised by writing down the assets, cash-generating unites to their recoverable amount.
An impaimient loss is recognised immediately In the Statement of Financial Activities. Any reversal of a
previous impaimient loss is slmilarly recognised Immediately in the Statement of Financial Activities.
Buildings
Fixtures and flttlngs
2% straight line
20% Straight line
1.7 Impalrment of flxod assets
At each r8POrting 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
exlsls, the recoverable amount of the asset is estimated in order to detemine the extent of the impairment
loss Ilf any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposlts held at call wlth banks, other short-term liquid
investments with original maturities of thre8 months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.9 Flnanclal Instrumonls
The Charity has elected to apply the provlsions 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 Charlty's balance sheet when the Charity becomes party to the
contractual provisions of the instrument.
Financial assets and liabllities are offsèt, wlth the net amounts presénted in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intsntion to settle on a
net basis or to realise the asset and settle the liabilty simultaneously.
Baslc flnaneial assets
Basic financial assets, which indude débtors and cash and bank balances, are initially measured at
transacllon price including transaction costs and are subsequenlly carried at amortlsed cost using the
effective interest method unless the arrangement conslilules a financing transaction, where the transaction is
measured at the present value of the future receipts dlscounted at a market rate of interesl. Financial assets
classified as receivable within one year are not amortised.
Basic flnanclal Ilabllltles
Basic financial liabilities. includlng creditors and bank loans are inilially recognised at transaction pri￿ 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. Flnancial liabilities classified as payable
withln one year are nol amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or Services that have been acquired In the ordinary course of
operations from suppliers. Amounts payable are classified as current liabillties if payfflent 15 due within one
year or less. If not, they are presented as non-current liablllties. Trade credrtors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
11

WINDSOR BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies
(Continued
Derecognition of financial Ilabllltles
Financial liabilities are derecognised when thè Charity's contractual obligations expire or are discharged or
Can￿lled.
1.10 Employee bènoflts
The cost of any unused holiday entitlement is recognlsed in the period in which the Èmployee's services are
received,
Terfflination benefits are recognlsed immedlalely as an expense when the Charity is demonstrably committed
to temilnate the employrnent of an employee or to provide temiination benefits.
1.11 Retlremont bon¢flts
Employees of the charity are entitled to join a defined contrlbution scheme. Contributions to d8fined
contrlbution pension arrangements ar8 charged to the Statement of Financlal Actlvities as they fall due. The
charlty has no liability beyond making Its contributions and paylng across the deduclions for employee's
contrfbutions.
Crltlcal aecountlng estimates and judgemonts
In the application of the Charity's accounting policies, the trustee5 arè requlred to make judgements,
estimates and assumptions about the carrying amount of assets and liabilitles that are not raadily apparent
from other SoU￿es. Tha estimates and associated assumptions are based on hlstorical experlen¢e and other
factors that are consid8red to be relevant. Actual results may differ from these estlmates.
The estimales and underlying assumptions are reviewed on an ongoing basls. Revisions to accounting
estimates are recognised in tha period in whlch the estimate is revised wherè thè revision affects only that
period, or in the porlod of the revlsion and future periods where tha revision affects both currènt and future
periods.
Key lourcas of èstimatlon uncertalnty
Useful Llves of Tanglblo and Intanglble Flxad Assets
The annual depreciation charge depénds primarily on the estlmated IIv8s of each type of asset and, In certain
¢lrcumstances, estlmates of residual values. The trustees regulady r8vlew thése uséful lives and change them
if necessary to reflect currenl conditions. In determining thesè useful Ilves management consider
technologScal change, patterns of consumption, physical condltion and expected economic utilisatlon of the
assets. Chang8s In the useful lives can have a significant impact on the deprecialion charge for the financial
year. The net book value of Tangible Fixed Assets sublect to depre¢ialion at the tlnancial year end date was
£4,745,461 {2022.' £4,842,363).
12-

WINDSOR BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Donatlons and legacies
Unrestrlctod Restrlctsd
funds
funds
Tolal Unrestricted
funds
Restricted
funds
Total
2023
2023
2023
2022
2022
2022
Donations and glfts
550.095
146,088
696,183
469,944
182,458
652,402
Donatlons and glfts
Gift aid income
Sunday offerings
Other non-glft aid incom8
Glft aid recov8r8d
374,172
9,178
70.831
95,914
91,170
480
30,663
23,775
465.342
9,658
101,494
119,689
308,184
7,059
79.059
75,642
122,165
2,856
27,805
29,632
430,349
9,915
106,864
105,274
550,095
146,088
696,183
469.944
182,458
652,402
Income from charltablo actlvltles
Unrestrlctgd Re8trlctad
funds
funds
2023
2023
Total Unro8trlctod Ré8trlcted
funds
fund8
2022
2022
Total
2023
2022
Charftabl• actlvltl08
Lettlng hlre
Grant income
5,815
5,815
2,200
8,221
8,221
2,200
2,200
2,200
5,815
2.200
8,015
8,221
2,200
10,421
Performance related grants anatysls
Charltable
actlvltles
2023
Charltabl•
actlvlties
2022
Educatlon Authority
Other
2,200
2,200
13-

WINDSOR BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Income from investments
Unrestricted Unrastrlcted
funds
funds
2023
2022
Interest re¢eivab18
502
637
Oth•r In¢om•
Unrestrlcted Unrestrlcted
funds
funds
2023
2022
Net gain on disposal of tanglble flx8d assets
539,761
Charltable activltles
2023
2022
Staff costs
Depreclatlon and Imp8irnent
Other staff costs
Association costs
Mlsslonary costs
Minlstry costs
Bank fees and interest
Dèvéloprnent costs
Property costs
217,633
122,818
4,957
22,568
104,781
70,865
71,336
720
44,272
189,998
121,281
4,484
21,020
97,368
82,570
83,106
120
42,757
859,950
642,704
659,950
642,704
Analysis by fund
Unrestricted funds
Restrided funds
566,036
93,914
546,771
95.933
659,950
642.704
14-

WINDSOR BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Trustees
Trustees received a remuneratlon for their services as pastors, totalling £149,457 (2022: £141,536) during the
financial year.
Employeès
The average monthly number of employees during the year was:
2023
Numb•r
2022
Numbor
Employment cost8
2023
2022
Wages and 8alarie8
Social securtty costs
Other pension costs
183,335
13,098
21,200
159,585
11,631
18,782
217,633
189,998
10 Taxatlon
The charity Is exempt from taxation on Its activities because all Its Income Is applied for charltable purposes.
11 Tanglbla flxed a88ets
Bulldlngs Flxtur•s and
fftllngs
Total
Cost
At 1 January 2023
Addltions
4,883,890
15,302
138,211 5,022.101
10,615
25,917
At 31 Dec8mber 2023
4,899,192
148,826 5.048,018
Depreclallon and Impalrment
At 1 January 2023
Depreciation charged in the year
117,778
97,678
61,960
25,140
179,738
122,818
At 31 December 2023
215,456
87,100
302,556
Carrying amount
At 31 December2023
4,683.736
61,725 4,745,461
At 31 December 2022
4,766,112
76,251 4,842.363
15-

WINDSOR BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
12 Debtors
2023
2022
Amounts falllng due wlthln one year.
Other d8btors
Prepayments and accrued incorne
12,560
7,334
18,863
2,293
19,894
21,156
13 Loans and overdraft8
2023
2022
Bank loans
Other loans
1,282,171
165,000
1,391,949
165,000
1,437,171
1.556,949
Payable within one year
Payable after one year
487,053
950.118
497,053
1,059,896
The long-term loans ar8 secured by guarantee provlded by Northern Baptist Corporatlon Limlled.
14 Crndltors: amounts falllng due wlthin one year
2023
2022
Not•8
Bank loans
Other borrowings
Trade creditors
Sundry credliors
Other creditors
Accruals and deferred incom8
13
332,053
155.c￿0
13,542
279
329
6,641
332,053
165,000
17,610
94,492
701
6,752
507,844
616,608
15 Crèdltors: amounts falllng due aftor more than one year
2023
2022
Notès
Bank loans
13
950,118
1.059,896
16-

WINDSOR BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
16 Restrlcted funds
Movement In funds
Income
Expendlturo
Balancè at
1 January 2023
Translews
Balanc• at
31 Decomb•r
2023
Development fund
Grant fund
Specific purpose glfts
395.832
1,010
5,345
138,199
2,2iXJ
7.889
(85,904)
(450)
17,5601
20,324
(435)
468,451
2,325
5.674
402,187
148,288
193,914)
19,889
476,450
Restrlcted funds are funds recelved for specified purposes withln the overall aim8 of the charlty.
17 Unrnstrlctod funds
The unrestricted funds of the charlty comprise the unexpended balances of donatlons and grants whlch are
not subject to specific conditions by donors arKI grantors as to how they may be used. Thes8 Include
designated funds whlch have been set aslde out of unrestrict8d funds by the trustees for specrfic purposes.
At 1 January
2023
In¢omlng
resources
Resources
oxpendèd
Transfors
At31
December
2023
General funds
3,015,317
556,412
(566,036)
119,889)
2,985,804
Prevlous year:
At 1 January
2022
Incomlng
rosourc08
Resources
expended
Transf•rs
At31
Déc•mb•r
2022
General funds
2,543,525
1,018,563
(546,771)
3,015.317
18 Analys1$ of n•t as8Ots between fund$
Unrostrlcted R•5trlcted
funds
funds
2023
2023
Total
Total
2023
2022
Fund balances at 31 December 2023 are
represented by..
Tangible ass81s
Current assetsllliabilities)
Long term liabiliti6s
4,745,461
(809,539)
(950,118)
4,745.461
4,842,363
1333,089) 1364.9631
(950,118) (1,059,896)
476,450
2,985,804
476,450 3,462,254 3,417,504
17-

WINDSOR BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
19 Cash gonarated from operations
2023
2022
Surplus for the year
44,750
560,517
Adjustments for..
Investment incomè rÉcognised in statement of financial activltles
Gain on dlsposal of tangible fixed assets
Depreclation and impalrment of tangible fixed assets
(502>
{637)
1539.761)
121,281
122,818
Movements In worklng ¢apltal'.
Decr8as81(Increase) in debtors
(Decreaseifincrease In credltors
1,246
(98,764)
(7.825)
10,361
Cash gen8ratad from operatlon8
69,548
143,936
20 Analy818 of chang88 In net (dobtllfunds
At 1 January
2023
Ca•h flows At 31 D•cernb•r
2023
Cash at bank and in hand
230,489
(75,645)
154,844
Loans falllng due within one year
Loans falling due after more than one year
{497,053)
(1,059,896)
10,000
109,778
1487,053)
(950,1181
(1,326,460)
44.133
(1,282,327)
18-