Charlty registratlon number NIC107391 (Northern Ireland) WINDSOR BAPTIST CHURCH ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
WINDSOR BAPTIST CHURCH LEGALAND ADMINISTRATIVE INFORMATION TrustO08 Mr GorLlon Darragh Mr David Dunlop Mr Mark Houston Mr Ne1 Younge Mr Sale Ogtobi Mr Brian Johnston Mr Paul Johnston Mr fimothy Warka Mr Steven Alexander Miss Nicola Brown Mrs Janet Darragh Mrs Karen Mercer Mr Stephen Moore Mrs Sharon Parker Mrs Gerlinde Scott Mrs Jenny Harron Mr Paul Harron Mr Sotonye Frank Mrs Mercy Gboloo-Teye Mr Ralph Barron Mrs Gift Sotony8-Frank Mrs Catherine H811 Mlss Lynsey Jess Miss Naomi Jones Mlss Heather Law Mr Mark Spence Mr Alan Crowe Mr Simon Baxter Mr Ralph M8rcer (Appolnted 20 November 2024) {Appoint8d 20 November 2024) (Appolnted 20 November 2024) Charlty numb•r NIC107391 Reglstered offlce Thè Majestic 208-212 Lisburn Road Belfast BT9 6GD Audltor HM Chartered Accountanis 6th Floor East Tower Lanyon Plaza 8 Lanyon Plac8 Belfast BT13LP
WINDSOR BAPTIST CHURCH LEGAL AND ADMINISTRATIVE INFORMATION Bankers Danske Bank Donegall Square West Bélfast Co. Antrim Northem Ireland BT16JS AIB 78 Wellington Street Ballymena Co. Antrlm BT43 6AF
WINDSOR BAPTIST CHURCH CONTENTS Pago Trust88s' report Ind8pendent auditorfs report ststement of flnancial actlvltles ststement of financlal posltlon ststèmènt of cash flows Notes to the financlal stat8ments 10-18
WINDSOR 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 5tatem8nts have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's governing document. the Charlties Act 2008 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 20191" Objectlvas and actlvltles Windsor Baptist Church Is a local church and communty of people who seek to lov8 and worship God,. follow Jesus & love to serve our neighbour. Our vislon 'to be a church wllhout walls, indud8s the deslred Intention to be a place of BELONGING: MULTIPLYING: SERVING & GOING We alm to be a church wh8re'. we welcome everyone and anyone, and encourage them to b91ong to God and to each other wa grow as more people choose to love God. follow Jesus and joln the Church we equip and empower people to serve (wlthin our family and beyond) we encourage people to go and be Christ's wltnesses where they live, study, work and to the ends of th8 earth The trustees have paid duè regard to guidancè issued by th8 Charity Commission In deciding what activities th8 Charity should undértake. A¢hi•vaments and p•rformanco The n8t gain for the y8ar amounted to £85,19412023: £44,750), of whl¢h a deficit of £11,279 is attrlbutable to unrestricted res8rves which now stand at £2,974,525 12023: £2.985,804) and a net surplus of £96,473 18 attribuiable to restrlded reserves which now total £572,923. 2024 has been another busy year for Ihe church. Attendance is encouraging with over 550 on Sunday mornlngs and approximately 120 on Sunday evenings. The Sunday moming service is streamed live and has approximately 30 online attendees with around a further 250 views on demand on any given week. There are activitles for youth and children, with encouraging and consistent numbers durlng the year. A Youth Volunteer assisted and learnt from the Youth pastor during the academic year 2023124. In August, the Chlldren's worker moved on to pursue fLlrther studies and a recruitment process is undemay to fill this vacancy. Among the busy midweek programme of activities, some are specifically aimed at internationals, whether they are studying, working or seeking asylum in Northem Ireland. Over 30 nations are represented, between midweek and Sunday activilies. 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 become available. As can be 888n from the attached finan¢lal details, we have much to thank God for.
WINDSOR BAPTIST CHURCH TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Structure, governance and management 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 Rl¢hard Greenwood Mr Paul Johnston Mr Timothy Wafk8 Mr Steven Alexander Mrs Heather Johnston Mr James Mcconkey Miss Nicola Brown Mrs Janet Darragh Mrs Karen Mercer Mr Stephen Moor8 Mrs Sharon Parker Mrs Gerlinde Scott Mr Andrew McDowell Mrs Jenny Harron Mr Mike Grlffith Mr Paul Harron Mr Sotonye Frank Mrs Mercy Gboloo-Teye Mr Ralph Barron Mrs Gift Sotonye-Frank Mrs Catherlne Hall Miss Lynsey Jess Mlss Naoml Jones Mlss Healher Law Mr Mark sft¢e MrAlan Crowe Mr Slmon Baxter Mr Ralph Mercer (Resigned 20 November 2024) (Resigned 20 November 20241 (Resigned 20 November 20241 (Resigned 20 November 2024) (Resigned 20 November 20241 (Appolnted 20 Novemb8r 20241 (Appointed 20 November 20241 IApFolnt8d 20 November 20241 Publlc Benefit The Trustee5 believe that the public benefits from Its Sunday ServIS and weekly actlvltles In the educatlon on how to serv8 and glorify God and thereby serving Ihelr neighbour well. The community facilities offered through the use of the churth buildlng are also beneficial to the publio.
WINDSOR BAPTIST CHURCH TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Statement of trustoes. rosponsibiliti88 The trustees are requlred to prepare th8 Annual Report and financial ststements for each financial year, whlch give a true and fair view of the state of the affairs and of the surplus or deficit of the Church for that year and have been prepared in accordan wlth United Klngdom Generally Accepted Accounting Practice. In preparing th6se the trustses 8r6 réquired to.. - select sultable accounting pollcies and apply them consistently; make judgements and eslimales that ar8 reasonable and prudent., prepare the flnancial ststements on the golng concem basis unless It Is Inappropriale to presume that the church wlll continue in buslness. The trusiees are responsible for keepln9 proper a¢¢ountlng records, whlch disclose wllh reasonable accuracy at any tlme the financial position of the ChurGh. They are also responsible for safeguardlng the assets of the Church and hence for taking reasonable steps for the preventlon and detection of fraud and other irregularities. The trustees, report was approved by the Board of Trustees. Mr David Dunlop Trustso 8 August 2025
WINDSOR BAPTIST CHURCH INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF WINDSOR BAPTIST CHURCH Oplnlon We have audited the financial statements of Windsor Baptist Church {the'Charity'l for the year ended 31 December 2024 which comprise the statement of financial activities, the statement of financial position, the statement of cash flows and notes to the financlal slatements, including significant accounling pollcies. The financlal reporting framework that has been applied in thèir preparation is appllcable18w and Unlled Kingdom Accounling Standards, including Financlal Reporting Standard 102 The Financlal Reporting Standard applicable in the UK end Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinlon, the financial statements.. give a true and falr view of the state of the charfty's affairs as at 31 December 2024 and of Its incoming resources and application of resources. for the year then ended; have been properly prepared in accordance wlth Unlted Kingdom Generally Accepted Accountlng Practice; and have been prepared in accordanc8 wlth Ihe requlrem8nts of the Companl8s Act 2006. Basls for oplnlon We conducted our audit in accordance with Internatlonal Standards on Auditing IUKI IISAS (UK)) and applicable law. Our responsibilities under those standards ar8 further described In the Audltors responsibilltl8s for Ihe audit of the financi81 statements section of our report. We are ind8pendent of the Charity in accordance with the ethical requirem8nts that are relevant to our 8udit of the financial 5tat8ments in Ihe UK, including the FRC'S Ethical standard, and we have fulfilled our othér ethical responsibilitles in accordance with these requirements. We believe that the audit evldence we have obtalned is sufficient and approprlat8 lo provide a basis for our oplnlon. Conclusion5 relatlng to golng concarn We have nothing to report in respect of the followlng matters in ralation to which the ISAS (UK) r8qulre us to report to you were: the trustees, use of the going concern basis of accounting in th8 pparatIOn of the flnanclal statements is not appropriate., or the trustees have not disclosed in the financial statements any identifled materi81 uncertainties that may cast significant doubt about the group's or the parent company's ablllly to continue to adopt the going concern basis of accounting for a perlod of at least twelve months from the d2t8 when Ihe financial statements are aulhorised for issue. Other Informatlon The other informatlon compris8S the Information included in th8 Trustees, Report, other than th8 flnancial statements and our audltor's report thereon. The trustees are responslble for thè olher Information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwlse explicitly slated In our report, we do not express any form of assuran concluslon thereon. In connection with our audit of the flnancial statements. our responsibility Is to read the other InformatSon and, In doing so. consider whelher the other information is materially inconsistent with the financial statements or our knowledge obtained in the audlt or otherwise appears to be materially mi55tated. If we Identify such material inconsistencie5 or apparent material misstatements. we are required to dotermine whether there Is a material mlsstatement in the financial statements or a rnaterlal misstatement of the other information. If, based on the work we have performed, we conclude that th8re 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 requlred to report by oxcoption We have nothing lo report in respect of the following matters in relation lo which the Charities (Accounts and Reports} Regulations 2008 rèquire us to report to you if, in our opinlon: adequate accounting records have not been kept or returns adequate for our audit have not been recelved from branches not visited by us., or the financial statements 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 Responsibllltlas of trusteès As 6xplained more fully in the statement of trustees, responslbllities, the trusteès are responsible for the preparation of the financ4al statements and for being satisfied that they give a trué and fair view, and for such internal control as the trustees determine is necessary to enable the preparatk)n of financial statements that are free from material misstatemènt, whether due to fraud or error. In preparing the financlal statements, the trustees arè responsible for assessing the Charity's abllity to continue as a going concem. disclosing, as applicable, matters related to golng conrn and using the going concern basis of accounting unless the trustees either intend to cease operalions, or have no realistic alternative but to do so. Audltorfs rè8pon8lbilltles for tha audlt of the flnanclal statsmènts Our objectives are to obtaln reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due lo fraud or error, and to Issue an auditorfs report that includes our opinion. Reasonable assurance is a hlgh level of assurance but is not a guarantee that an audSt conducted in accordance with ISAS {UKI will always detect a material misslatement when il exists. Misslatements Gan arlse from fraud or error and are considered materlal If, Indlvidually or in the aggregate. they could reasonably be expected to Influence the economic decisions of users tsken on the basls of these financlal statements. A further descrlption of our responsibilities is available on the Flnancial Reportlng Council's webslte at.. https'.11 www.frc.org.ukl8uditorsre8ponsibllitles. Thls description forms part of our audltorts report. Our approach to Identifying and assessing the risks of material rnisstatement In respect of Irregularrties. Includlng fraud and non-compliance with laws and regulation5, was as foll¢)ws.' the engagement partner ensured that the engagement tearn collectively had the appropriate cornpetence, capabililles and skills to identify or recognise non<ompliance with applicable laws and regulations; we identlfied thèlaws and regulations applicable to the company through discussions wlth trustees andlor senior management, and from our commercial knowledge and experience of tha sector; We focused on speclfic laws and regulatlons which we considered may have a dir8Ct material eff8Ct on tha financial statements or the operations of the company, including Companies Act 2006, taxation legislation, data protection. anti-bribery, employment, environmental and health and safety legislation we assessed the èxtent of compliancè wlth the laws and regulations identified above through making enquiries of management and inspecling legal correspondence; and identified laws and regulations were communicated within the audit team regularly and Ihe team remained alert to instances of non-compllance Ihroughout the audlt. We assessed the susceptlblllty of the company's financial statements to materlal mlsstalement, Including obtainlng an understanding of how fraud might occur, by.. making enqulries of management as to where they considered ther8 was susGeptlbllrty to fraud, thelr knowledge of actual, suspected and alleged fraud.. and considorSng the internal conlrols in pla¢8 to mitigate rtsks of fraud and non-compliance wlth laws and regulation5,' To addr85S the risk of fraud Ihrough management blas and override of controls. we.. performed analytica1 procedures lo identrfy any unusual or unexpected relationships: tested journal entri8S to identify unusual transactions- assessed whether judgements and assumptions made In detemilning the accounting estimates set out in Note 2 were indicative of potential bias- and investigated the ralionale behind significant or unusual transactions- In response to the rlsk of irregularities and non-oompliance wilh laws and regulations, we designed procedures which included, but were not limited to.. agreeing financial statement disclosures to underlying supporting documentation., reading the minutes of meetings of thos8 charged with govemance., enquiring of management as to actual and potential litigation and claims., and reviewlng 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 audit procedures described above. The more removed th8t laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the insp8Ction of regulatory and legal cOeSponden, rf any. Material misstatements that arise due to fraud can be harder to detect than thosè that arise from error as they may involve deliberate C¢Jncealment or collusion. Angel algan (Senior Statuto uditor) for and on behalf of HM Chartered Accountants Chartered Aecountants ststutory Audltor 6th Floor, East Tower Lanyon Plaza 8 Planyon Place Belfast BT13LP 8 August 2025 HM Chartered Accountants is eligible for appointment as auditor of the Charity by virtue of Its eligibility for 8ppointment as auditor of a company under section 1212 of the Companies Act 2006.
WINDSOR BAPTIST CHURCH STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestrictsd Restricted funds funds 2024 2024 Total Unrestrlcted Rostrfcted funds funds 2023 2023 Total 2024 2023 Notas Income fTh)m: Donations and legacies Charitable activities Investments 595,519 7.662 350 170,282 5,008 765,801 12,670 350 550,095 5,815 502 146,088 2,200 696,183 8,015 502 Total Income 603,531 175,290 778,821 556,412 148,288 704.700 Expèndlture on: Charitable activities 614,810 78,817 693,627 566,036 93,914 659,950 Total eXndItUrn 614,810 78.817 693,627 566,036 93,914 659,950 Net Incomell•xpendlture) (11,279) 96,473 85,194 (9,624) 54,374 44,750 Transfers been funds (19,889) 19,889 Net movement In funds (11,2791 96,473 85,194 (29.513) 74,263 44,750 Reconclllatlon of funds: Fund balances at 1 January 2024 2,985,804 476,450 3,462,254 3,015,317 402,187 3,417,504 Fund balance8 at 31 D•cembor 2024 2,974,525 572,923 3,547,448 2,985.804 476,450 3.462,254 Th8 Statement of financlal activities indud8s all gains and losses re¢ognlsed In the year. All Income and expenditure derlve from ¢ontinulng activities.
WINDSOR BAPTIST CHURCH STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2024 2024 2023 Nol•$ Flxed assets Tangible assets 11 4.634,118 4,745,461 Current assets Debtors Cash at bank and in hand 12 118,529 122,609 19,911 154,844 241.138 174,755 Credllors: amounts falllng due wlthln one yèar 14 (469,2851 1507,844) Nat current Ilablllt108 (228,147) (333,089) Total a$sots less curr•nt Ilabllltles 4,405,971 4,412,372 Credttors: amounts falllng due after morn than ono y•ar 15 1858,523) (950,118) N•t assets 3,547,448 3,462,254 The funds of tho Charlty Restrlcted income funds Unrestricted funds 17 572,923 2,974.525 476,450 2,985,804 3,547,448 3,462.254 The flnancial statements were approved by the trustses on 8 August 2025 Mr David Dunlop Trustee Mlss Lynsey Jess Trustee
WINDSOR BAPTIST CHURCH STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Notss Cash flows from oporatlng actlvltlos Cash generated from operations 20 110,988 69,548 Investlng actlvltles Purchase of tangible fixed assets Investment income received (11,980) 350 <25.917) 502 Nèt cash used In Invo8tlng actlvltlès (11,630) (25,415) Flnanclng actlvltlos Rèpayment of borrowlng8 Repayment of bank loans (40,000) (91,5931 (10,000) (109,778) N•t ¢a$h used In flnanclng acllvltl•$ 1131,593) 1119,778) Not d•croase In ca8h and cash equlval•nts (32,235) 175,645) Cash and cash equivalents at beglnning of year 154,844 230,489 Cash and cash equlvalants at end ol year 122,609 154,844
WINDSOR BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng policle8 Charlty Information Windsor Baptist Church is a règlstered charity in Northem Ireland. The reglstered office Is The M8jestlc, 208- 212 Llsbum Road, Belfast, Co. Antrim, BT9 6GD. 1.1 Accountlng conventlon The financial slatements have been prèpared in accordance wlth the "Accounting and Reporting by Charitiès: Statement of Recommended Practice applicable to charities preparing thèlr accounts in accordance with the Finan¢kg1 Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" as amended for accounting period commencing from 1 January 2016. The charity is a PLJblic Benefit Entlty as defined by FRS 102. Th8 financial statements are prepared in sterllng. which is the functional currency of the Charity. Mon8tary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, modified to Include the revaluatlon of freehold properties and to Include Investment properties and certain flnanGial instruments at falr value. The princlpal accounting policies adopted are set out b810w. 1.2 Golng concern At the time of approving th8 financial statements, the trustees have a reasonable expectation that the Charity h85 adequate resources to continue in operatlonal existen for the foreseeable future. Thus the trustees conts'nue to adopt the going concarn basis of accounting In preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretlon of the trustees in furtherance of their charitable objectives. Restrlcted funds are subject to specific conditlons by donors or grantors as to how they may be used. The purposes and uses of thè restricted funds are set out in the notes to the financial statements. Investment income is allocated to thè approprlate fund. 1.4 Ineome Income is recognised when the Charlty is legally entltled to it after any performance condltlons have been met, the amounts can be measur8d reliably, and it is probable that income will be 1ved. Donatlons, are COgnised when the Trust88 has been notified in wrillng of both the amounl and settlement date. In the 8vent thal a donation is subject to conditions that require a level of performance before the charlty is entitled to tha funds, the income is deferred and not recognised until either Ihose Gondltions are fully mel. or the fulfilment of those conditions is wholly within the control of the charity and it is probabl8 that those conditions will be fulfilled in the reportlng perS0d. 1.5 Expendlture Liabilities are recognised as expenditure as soon as there is a legal or construdive obligalion committing the charity to that exp8nditure, it is probable that settlement will b8 required and the amount of the obligation can be measured rellably. All expenditure is accounted for on an accruals basis. All expenses including unrestrlcled costs and restricted costs are allocaled or apportioned to the applicable expenditure headings. 10-
WINDSOR BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcies (Continued) 1.6 Tanglble flxed assets At each balance sheel date, the carrying amount of tsngible assèts are revi9wed to deterrnina whether there is an indication that those assets have suffered an impaimient loss. Where the Carying value exceeds the estimated recoverable amount (being the greater of falr value less costs to sell and value-in-use). an Impairment loss is recognlsed by writing down the assets, cash-generating unites to Iheir recoverable amount. An impairment loss is recognised immediately in the Statement of Financial Actlvlties. Any rèversal of previous impairment loss Is similarly re¢ognlsed immediately in the Statement of Financial Aclivities. Buildings Fixtures and fittings 2% str8ight line 20% straight Ilne 1.7 Impalrment of fixod assets At each reporting end date, the Charity reviews the carrylng amounts of Its tsngible 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 Ios5 Ilf any). 1.8 Cash and cash oqulvalent8 Cash and cash equivalents include cash in hand, deposits held at Call with banks, other short-term Ilquid investrnents with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in currant liabilities. 1.9 Flnanclal In8trumonts The Charity has elected to apply the provislons of Section 11 'Baslc Financial Instruments. and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial Instruments. Fln8nclal Instruments are r8cogni58d in the Charitls balanc8 sheet when the Charity becomes party to the contractual provisions of the instrum8nt. Flnanclal assets and Ilabllities are offs8t, wlth the net amounts present8d in the flnanclal statements, when there Is a legally enforceable right to set off the recognised amounts and Ihere Is an intention to settle on net basis or to re81is& th8 asset and settle the liability simultsneously. Baslc flnanclal assets Basic flnancial assets, which include debtors and cash and bank balances, are initially measured at transaction price Including transaction costs and are subsequently carrled at amortised cost using the effective interest melhod unless the arrangement conslilutes a financing transaction, where the transaction is measured al the present value of the future recelpts discounted at a market rate of interest. Flngncial assets classified as receivable within one y8ar are not amortised. Baslc 17nanclal Ilabllltlos Basic financial liabilities, including creditors and bank loans are inltially recognisèd at transaction price unless the arrangement constitutes a financing Iransaclion, where the debt instrumenl is measured al 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 serv15 that have been acquired in the ordinary course of operations from suppliers. Amounts payab18 are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-curr8nt liabilities. Trade creditors are recognised initially at transactlon price and subsequently measured at amortised cost using the èffective interest method. 11
WINDSOR BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng policies {Contlnued) Derecognltlon of flnanclal Ilabllities Financial liabilities are der8cognised when the Charity's conlractual obligations expire or are discharged or ancelled. 1.10 Employee benoflts The cost of any unused holiday entitlement is recognised in the period in which the employee's servlce5 are recelved. T8rmination bènèflts are recognised immediately as an expense when the Charlty is demonstrably commltted to tsrminate the employment of an employee or to provide termination benefits. 1.11 Retlrement baneflts Employees of the charlty are entitled ts join a defined contribLttion schem8. Contributions to defined contrlbution pènsion arrangements are charged to the Ststement of Flnancial Activities as they fall due. The charity has no liability beyond making Its contributions and paying across the deductions for employee's Contrlbutions, Crltlcal accountlng •$tlmate8 and Judgements In the 8ppllcatlon of the Charlty's accountlng policies, the trustees ar8 required to make judgements, estimates and assumptions about the carrying amount of assets and Ilabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historlcal experience and other factors that are considéred to be relevant. Actual results may dlffer from these estimates. The estimates and underlylng assumptions are reviewed on an ongoing basls. Revlsions to accounting estimates are recognised in the pe0d in which the estimate is revised where Ihe r8vlsion affects only that perlod, or In the perlod of the revislon and future periods where the revislon affects both cUrnt and fijture periods. Kay 8our¢•s of estlmatlon uncertalnty Usgful Llvog of Tanglblo and Intanglblo Flxed Assets The annual dapreciation Charge depends primarily on the estlmated lives of each type of asset and, In certain circumslances, estimates of residual values. The trustees regularly review these useful Ilves and Change them If necessary to reflect current conditions. In determinlng th8se useful lives managamenl consider technological change. pattems of consumption, physlcal condition and expected economic ulllisatlon of the assets. Changes in the useful liv8s can have a signlflcant impact on the depreciation charge for the financial year. The net book value of Tangible Fixed Assets subject to depreciatlon 8t the financial year end data was £4,634,118 (2023.. £4,745,461 >. 12-
WINDSOR BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Donations and legacie• Unrestrlcted Restrlctsd funds funds Total Unrestrlcted funds Restricted funds Totsl 2024 2024 2024 2023 2023 2023 Donations and gifts 595,519 170,282 765,801 550,095 146,088 696.183 Donatlon8 and glfts Gift aid Income Sunday offerings Other non-glft aid Income Gift ald recovered 405,089 12,398 74,061 103,971 113.086 2,866 25,110 29,220 518,175 15,264 99.171 133.191 374,172 9,178 70,831 95,914 91,170 480 30,663 23,775 465,342 9.658 101.494 119,689 595,519 170,282 785,801 550,095 146,088 696.183 Incom• from charltable actlvltl88 Unrestrlcted Restricted funds funds 2024 2024 Total Unrostrlcted Rostrlctèd funds fund8 2023 2023 Total 2024 2023 Charltsble actlvltlos Letting hire Grant Income 7,662 7,662 5,008 5,815 5,815 2,200 5,008 2,200 7,662 5,008 12,670 5,815 2,200 8,015 Income from Investments Unrestrlcted Unrestrlcted funds funds 2024 2023 Interest receivable 350 502 13-
WINDSOR BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Charltable activltles 2024 2023 Stsff costs Depreclation and Impaiment other staff costs AssocSallon costs Missionary costs Mlnlstry costs Bank fees and Interest Development costs Property costs 230,864 123.323 4,991 24,126 115,162 74,789 65,437 217,633 122,818 4,957 22,568 104.781 70,865 71,336 720 44,272 54,935 693,627 659,950 693,627 659.950 Analy818 by fund Unrestricted funds Restricted funds 614,810 78,817 566,036 93,914 693,627 659.950 Nèt movomont In funds 2024 2023 The net movement In funds Is ststed after chargingllcredltlng).. F88s payable for the audlt of the ¢harlty's finandal statements Depreciation of owned tangible fixed assets 3,600 123,323 3.600 122,818 Trust••$ Trustees reGelved a remunerallon for their seNic8s as pastors, totalling £158.645 (2023.. £149,457) durlng the financial year. 14-
WINDSOR BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Employeos The average monthly number of employees durlng the year wa8: 2024 Numbor 2023 Number Employment costs 2024 2023 Wages and salaries Social security costs Other pension ¢ost$ 193.703 15,177 21,984 183,335 13,098 21,200 230,864 217,633 10 Taxatlon The charlty is exempt from taxation on its activit18s because all Its incoffle is applied for charitable purposes. 11 Tanglble flxed assots Bulldlng• Flxturo• •nd Ibttlng• Tot•1 Cost At 1 January 2024 Addltlons 4,899,192 148,826 5,048,018 11.980 11,980 At 31 Oecember 2024 4,899,192 160,806 5,059,998 Depreclation and impalrmont At 1 January 2024 Depreciation charged in the year 215,456 97,984 87,100 25,339 302,556 123,323 At 31 December 2024 313,440 112,439 425,879 Carrylng amount At 31 December 2024 4,585,752 48,366 4,634,118 At 31 December 2023 4.683.736 61.725 4,745,461 15-
WINDSOR BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 12 Dabtors 2024 2023 Amounts falllng due wlthln one year: Other debtors Prepayments and accrued income 114,211 4,318 12,577 7,334 118,529 19,911 13 Loans and ovardrafts 2024 2023 Bank loans Other loans 1,190,578 115,000 1,282,171 155,000 1,305,578 1,437,171 Payable withln one y88r Payable after one year 447,055 858,523 487,053 950,118 The long-tem loans are secured by guarantee provided by Northem Baptist Corporatlon Limited. 14 Cmdltors: amounts falling due wlthln one year 2024 2023 Notos Bank loans Other borrowlng8 Tradè creditors Sundry creditors Other creditors Accruals and deferred in¢om8 13 332,055 115,000 7,038 279 488 14,425 332,053 155.000 13,542 279 329 6,641 469,285 507,844 15 Crndltors: amounts falllng due after more than ono yoar 2024 2023 Notes Bank loans 13 858,523 950,118 16-
WINDSOR BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 16 Retlremont benefit schemes 2024 2023 Dofinod contrlbutlon schemes Charge to profit or loss In resp8d of defined contrlbution sthemes 21,984 21,200 The Charity operates a defin8d contributlon pension scheme for all quelifylng employees. The as59ts of the scheme are held separately from those of the Charity in an independ8ntly administered fund. 17 Rostrlctèd fund8 Movamant In funds Incom• Expèndlluro 8alance at 1 Jonuary 2024 Balancè 31 Oecemb•T 2024 Development fijnd Grant fund Specffic purpose gifts 468,451 2.325 5.674 159,577 5,008 10.705 {63,629) 14,595) {10,593) 564,399 2,738 5,786 476,450 175,290 (78,8171 572,923 Reslrlcted funds are fund5 recelved for specified purposes wh1n the overall aims of th8 charity. 18 Unro8trlcted funds Thé unrestricted funds of the charily comprise the unéxpended balances of donatlons and grants whlch are not subject to specific conditions by donors and grantors as to how they may be used. Thèse include designated funds which have beer) set asld8 Out of unrestricted funds by the trustees for specific purposes, At31 Docembgr 2024 At 1 January 2024 Incomlng Resources resources gxpendod Transfern General funds 2,985,804 603,531 (614,810) 2,974,525 Prevlous year: At 1 January 2023 Incomlng resources Resources expended Transfèrs At31 Docember 2023 General funds 3,015.317 556,412 (566,036) (19,889) 2,985,804 17-
WINDSOR BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 19 Analysls of not assets between funds Unrestrlcted Rastrlctod funds funds 2024 2024 Total Total 2024 2023 Fund balances at 31 Decèmber 2024 are represented by.. Tangible assèts Current assetsllllabilltiesl Long term liabilitles 4,634,118 (801,070) 1858,523) 4,634,118 4,745,461 (228,147) (333,0891 (858,523> 1950.118) 572,923 2,974,525 572,923 3,547,448 3,462,254 20 Cash genorat•d from oporatlons 2024 2023 Surplus for the year 86,194 44,750 Adjustments for: Investment income recognised In statement of financial activities Depreciation and impalrment of tangible flxed assets (350) 123,323 (502) 122,818 Movements In worklng capltal: (Increaselldecrease In debtors Increasel(decreasè1 in creditors {98,618) 1,439 1.246 (98,764) Cash genorated from oporatlons 110,988 69,548 21 Analysls of changery In nét Idobt)Ifund8 At 1 J•nuary 2024 Calh flows At 310•c•mb•r 2024 Cash at bank and In hand 154,844 (32.235) 122,609 Loans falling due wlthln one year Loans falling due after more than one year (487,053) 1950,1181 39,998 91,595 (447,055) (858,523) (1,282,327) 99,358 (1,182.969) 18-