## **WALLINGEORD CHRISTIAN ASSEMBLY**
(Registered Charity No. 1016938)
## **REPORT OF INDEPENDENT EXAMINER TO THE TRUSTEES**
I report on the accounts of the Trust for the year ended 31[st] December 2021, which are set out on pages 1 to 4.
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that only an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- to state whether particular matters have come to my attention.
## **Basis of independent examiner's report**
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 130 of the 2011 Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
29[th] September 2022
……………………………… Date …………………………………
## GRAEME R. SMITH ACMA
3 Atwell Close, Wallingford, Oxon, OX100LH.
**1 |** P a g e
## **WALLINGFORD CHRIST1AN ASSEMBLY**
(Registered Charity No. 1016938)
## **REPORT OF INCOME & EXPENDITURE FOR THE YEAR - 2021**
## **Income**
Annual income from collections (including gift aid and corresponding tax refund) was negatively impacted by the Covid-19 lockdowns but not by as much as 2020. Year on year it increased by 10% to £29,335. The gift aid element, also increased by 21% to £20,264 as more giving switched online. The average weekly collection increased by £37 to £467. In addition to weekly collections there was legacy income of £36,000 (prior year £0.)
## **Expenditure**
Total expenditure decreased by £7,669 (23%) to £26,223 in the year, once again due to Covid.
The largest outgoing for the Assembly is always for the purpose of evangelistic outreach to adults and young people. These funds are allocated in a number of ways as detailed below:
- The amount given to individuals/ other groups involved in evangelical work in the UK and overseas actually decreased by £5,740 to £7,510.
- As a result of the lockdown the amount spent on leaflets and evangelism fell again, this time by 81% to £329 (prior year £1,776). This includes money spent on adverts, leaflets and the website.
- The outreach to children and young people was curtailed until September 2021 owing to Covid 19. It fell 26% to £1,683 (prior year £2,272). Areas of expense normally included here are the cost of the two Friday Clubs, Craft Group, Toddler Group and Sunday School.
As a result of the legacy, there was a surplus of £39,112 and this was after charging depreciation of £7,140.
Fixed Assets increased by £20,646 as a result of the purchase of a new audio-visual system to facilitate the live video transmission of our services. This equipment was not commissioned until the end of the year and so no depreciation was charged in the year. (See note 4.)
## **Bank Balance**
The cash and bank balance increased by £25,729 to £42,965.
**2 |** P a g e
**WALLINGFORD CHRISTIAN ASSEMBLY REGISTERED CHARITY NO. 1016938**
**NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER, 2021**
|**PREVIOUS**||**CURRENT**|
|---|---|---|
|**YEAR (£)**||**YEAR (£)**|
||**INCOME**||
|5,595.70|COLLECTIONS|4,005.11|
|16,764.00|GIFT AID|20,264.00|
|4,191.00|TAX RECOVERABLE THEREON|5,066.00|
|0.00|OTHER GIFTS RECEIVED|36,000.00|
|1.44|INTEREST RECEIVED|0.38|
|0.13|OTHER INCOME|0.21|
|26,552.27||65,335.70|
||**EXPENDITURE:**||
|2,825.45|HALL CLEANING|1,393.12|
|0.00|FIXTURES & FITTINGS|0.00|
|948.84|REPAIRS & MAINTENANCE|3,125.20|
|9,950.00|GIFTS TO FULLTIME WORKERS|5,150.00|
|0.00|GIFT EXPENSES|0.00|
|3,300.00|OTHER GIFTS|2,360.00|
|1,121.61|INSURANCE|1,205.12|
|0.00|INTEREST PAYABLE|0.00|
|414.91|HOUSEHOLD EXPENSES|385.46|
|303.00|SPEAKERS’ TRAVELLING EXPENSES|360.00|
|337.75|LEAFLETS & EVANGELISM|59.00|
|110.02|Website|736.61|
|1,438.09|Advertising|270.00|
|2,322.41|ELECTRICITY|2,367.34|
|246.44|WATER|(11.98)|
|1,161.65|MISCELLANEOUS|0.00|
||YOUNG PEOPLES’ WORK:||
|1,181.58|YP Work - General|617.14|
|1,006.78|Minibus|957.87|
|83.15|Craft Group|0.00|
|0.00|Toddlers|108.13|
|7,140.33|DEPRECIATION note 4|7,140.33|
|33,892.01||26,223.34|
||||
|(7,339.74)|SURPLUS / (DEFICIT) FOR THE YEAR|39,112.36|
**3 |** P a g e
**WALLINGFORD CHRISTIAN ASSEMBLY REGISTERED CHARITY NO. 1016938**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER, 2021**
|**PREVIOUS**
**YEAR (£)**
158,443.26
FIXED ASSETS - note 4
**CURRENT ASSETS:**
1,172.50
DEBTORS - note 1
16,835.49
CASH AT BANK
400.00
CASH IN HAND
18,407.99
0.00
DEDUCT - CURRENT LIABILITIES - note 2
18,407.99
**NET CURRENT ASSETS**
**176,851.25**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
LONG TERM LIABILITIES note 3
**176,851.25**
**NET ASSETS**
**REPRESENTING:**
184,190.99
BALANCE BROUGHT FORWARD FROM LAST YEAR
(7,339.74)
SURPLUS / (DEFICIT) FOR THE YEAR
**176,851.25**|**CURRENT**
**YEAR (£)**
171,948.94
1,050.00
42,564.68
400.00|
|---|---|
||44,014.68|
||0.00|
||44,014.68|
|||
||**215,963.62**|
|||
||**215,963.62**|
||176,851.25
39,112.36|
||**215,963.62**|
WE DECLARE THAT THE ABOVE BALANCE SHEET AND ATTACHED INCOME & EXPENDITURE ACCOUNT ARE CORRECT, TO THE BEST OF OUR KNOWLEDGE AND BELIEF
TRUSTEE:
29[th] September 2022
**4 |** P a g e
## **WALLINGFORD CHRISTIAN ASSEMBLY REGISTERED CHARITY NO. 1016938 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER, 2021**
|1
**DEBTORS:**
Gift Aid
2
**CURRENT LIABILITIES: Amounts falling due within one year**
None (prior year None)|**£**
1,050.00|
|---|---|
||1,050.00|
|||
- 3 **LONG TERM LIABILITIES: Amounts falling due after more than one year:-** None (prior year None)
## 4 **FIXED ASSETS**
|**COST:**
At 31st December, 2021
Additions during the year
Disposals during the year
At 31st December, 2021
**DEPRECIATION:**
At 31st December, 2021
Charge for the year
Disposals during the year
At 31st December, 2021
**NET BOOK VALUE:**
At 31st December, 2021
At 31st December, 2021|**FREEHOLD**
**LAND &**
**FIXTURES &**
**BUILDINGS**
**EQUIPMENT**
**£**
**£**
269,591.32
22,844.97
0.00
20,646.00
269,591.32
43,490.97
114,546.05
22,844.97
4,591.83
0.00
119,137.88
22,844.97
155,045.27
(0.00)
150,453.44
20,646.00|**MOTOR**
**VEHICLES**
**£**
10,194.00
10,194.00
6,796.00
2,548.50
9,344.50
3,398.00
849.50|**TOTAL**
**£**
302,630.29
20,646.00
0.00|
|---|---|---|---|
||||323,276.29|
||||144,187.03
7,140.33
0.00|
||||151,327.35|
||||158,443.26|
||||171,948.94|
Depreciation is charged on tangible assets to write them down to their estimated residual values over their estimated useful Lives. The methods and rates of depreciation are as follows:-
Freehold buildings - 2% straight line Fixtures & equipment - 10% straight line Motor Vehicles 25% straight line No depreciation is charged on freehold land (cost £40,000).
## **ACCOUNTING POLICIES**
These accounts have been prepared under the historic cost convention and in accordance with applicable accounting standards and the Statement of Recommended Practice on Accounting by Charities.
**5 |** P a g e