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 N￿e1 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 s￿ft¢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 ServI￿S 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 p￿paratIOn 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
con￿rn 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 cO￿eSponden￿, 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 eX￿ndItUrn
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 be￿en
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 serv1￿5 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 pe￿0d 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 cUr￿nt 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 w￿h1n 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-