Charity number: 1035837
Company number: 02813517
(England and Wales)
Woodham Christian Centre Ltd.
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 October 2021
Woodham Christian Centre Ltd. Contents Page For the year ended 31 October 2021
| Report of the Trustees | 1 to 3 |
|---|---|
| Independent Examiner's Report to the Trustees | 4 |
| Statement of Financial Activities | 5 |
| Statement of Financial Position | 6 |
| Notes to the Financial Statements | 7 to 11 |
| Detailed Statement of Financial Activities | 12 |
Woodham Christian Centre Ltd. Report of the Trustees For the year ended 31 October 2021
The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ended 31 October 2021. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
The objectives of the Charity are the provision of charitable service and the advancement of religion and education.
Objectives and aims
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
ACHIEVEMENTS AND PERFORMANCE
Achievements and Performance during the period:
The Charity continues to improve on a financial basis. There were no matters of note. The net incoming resources for the year were £33071(2018 £37061) as set out on the statements of financial activities on page 5.
Plans For Future Periods:-
The trustees plans for the future are based on establishing the provision of charitable donations and nursing care in the community.
FINANCIAL REVIEW
Financial Controls
The Charity has its own in house bookkeeper who reports directly to the trustees on all financial matters. The financial systems include computerised bookkeeping and payroll, with reports prepared monthly for management purposes.
Tax status
As the company is recognised by the Charity Commissioners and the Inland Revenue as being established for charitable purposes, it is exempt from the taxation of its surplus.
Investment powers and restrictions
The trustees are able to make investment decisions on behalf of the Charity in line with its objectives and internal rules. The main activity of the parent company is the provision of charitable services and the advancement of religion and education.
Results
The results for the year, and the charity's financial position at the end of the year are shown in the attached financial statements.
Reserves
The Trustees aim to build up a reserve for general use under the Charity's objectives.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Company is Limited by guarantee governed by its Memorandum and Articles of Association.It is a registered charity , registered with the Charity Commission. The Trustees each have a liability of £1 in the event that the Charity is wound up.
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Woodham Christian Centre Ltd. Report of the Trustees Continued For the year ended 31 October 2021
Recruitment and appointment of trustees
The Articles of Association sets out the basis for the election and removal of Trustees.
Trustees Induction and Training:-
New Trustees are briefed on their legal obligations under Charity and Company Laws, the content of the Memorandum and Articles of Association, the committee and decision making processes , the business plan and recent financial performance of the Charity.
Risk Management:-
The Trustees have a risk management strategy which comprises:
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annual review of the risks that the Charity may face
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the establishment of systems and procedures to mitigate those risks identified in the plan, and the implementation of procedures designed to minimise any potential impact on the Charity should those risks materialise.
No risks have occurred in the last financial yea.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity Woodham Christian Centre Ltd. Charity registration number 1035837 Company registration number 02813517 Principal address Bethany House Village Close Woodham Village County Durham DL5 4UD
Trustees
The trustees and officers serving during the year and since the year end were as follows:
K Horn W Jose G Walvin C Mills I Rowland S Foster C Brown Secretary R Foster Independent examiners C T Brewster BA Hons FCA 5a Station Terrace East Boldon Tyne & Wear NE36 0LJ Bankers LLoyds Bank Plc
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Woodham Christian Centre Ltd. Report of the Trustees Continued For the year ended 31 October 2021
Approved by the Board of Trustees and signed on its behalf by
............................................................................. R Foster
15 March 2022
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Woodham Christian Centre Ltd. Independent Examiners Report to the Trustees For the year ended 31 October 2021
I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 October 2021.
Responsibilities and basis of report
As the charity Trustees, who are also directors for the purposes of company law, are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiners statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
C T Brewster BA Hons FCA 5a Station Terrace
East Boldon Tyne & Wear NE36 0LJ
15 March 2022
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Woodham Christian Centre Ltd. Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 October 2021
| Notes | Unrestricted | 2020 | |
|---|---|---|---|
| funds | |||
| £ | £ | ||
| Income and endowments from: | |||
| Donations and legacies | 40,000 | - | |
| Investments | 2 | 96,550 | 94,394 |
| Total | 136,550 | 94,394 | |
| Expenditure on: | |||
| Raising funds | 3 | (11,663) | (13,675) |
| Charitable activities | 4/5 | (122,381) | (47,792) |
| Total | (134,044) | (61,467) | |
| Net gains/(losses) on investments | 18,418 | (1,230) | |
| Other recognised gains/losses | |||
| Net movement in funds | 20,924 | 31,697 | |
| Reconciliation of funds | |||
| Total funds brought forward | 1,195,977 | 1,164,280 | |
| Total funds carried forward | 1,216,901 | 1,195,977 |
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02813517
Registered Number :
Woodham Christian Centre Ltd. Statement of Financial Position As at 31 October 2021
| Notes | 2021 | 2020 | |
|---|---|---|---|
| £ | £ | ||
| Fixed assets | |||
| Tangible assets | 10 | 966,326 | 997,787 |
| Investments | 11/12 | 82,815 | 64,397 |
| 1,049,141 | 1,062,184 | ||
| Current assets | |||
| Debtors | 13 | 23,000 | 23,000 |
| Cash at bank and in hand | 145,038 | 111,071 | |
| 168,038 | 134,071 | ||
| Creditors: amounts falling due within one year | 14 | (278) | (278) |
| Net current assets | 167,760 | 133,793 | |
| Total assets less current liabilities | 1,216,901 | 1,195,977 | |
| Net assets | 1,216,901 | 1,195,977 | |
| The funds of the charity | |||
| Unrestricted income funds | 15 | 1,216,901 | 1,195,977 |
| Total funds | 1,216,901 | 1,195,977 |
For the year ended 31 October 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance
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with section 476,
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The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting
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records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
K Horn Trustee 15 March 2022
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Woodham Christian Centre Ltd. Notes to the Financial Statements For the year ended 31 October 2021
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006.
Woodham Christian Centre Ltd. meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
2% p.a. Straight line
2. Investment income
| Unrestricted funds Income from investment properties xpenditure on generating donations and legacies Unrestricted funds Donations osts of charitable activities by fund type Unrestricted funds Support costs |
2021 £ 96,550 96,550 2021 £ 11,663 11,663 2021 £ 122,381 |
2020 £ 94,394 |
|---|---|---|
| 94,394 | ||
| 2020 £ 13,675 |
||
| 13,675 | ||
| 2020 £ 47,792 |
3. Expenditure on generating donations and legacies
4. Costs of charitable activities by fund type
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Woodham Christian Centre Ltd. Notes to the Financial Statements Continued For the year ended 31 October 2021
| 5. Costs of charitable activities by activity type Activity 2 6. Analysis of support costs Governance costs 7. Net income/(expenditure) for the year This is stated after charging/(crediting): Depreciation of owned fixed assets 8. Particulars of employees Charity |
2021 £ 122,381 2021 £ 122,381 2021 £ 31,461 2021 0 0 |
2020 £ 47,792 2020 £ 47,792 2020 £ 31,461 |
|---|---|---|
| 2020 0 |
||
| 0 |
9. Comparative for the Statement of Financial Activities
The comparative year values on the Statement of Financial Activites are for unrestricted funds.
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Woodham Christian Centre Ltd. Notes to the Financial Statements Continued For the year ended 31 October 2021
| 10. Tangible fixed assets Cost or valuation At 01 November 2020 At 31 October 2021 Depreciation At 01 November 2020 Charge for year At 31 October 2021 Net book values At 31 October 2021 At 31 October 2020 |
Land and buildings £ 1,573,080 |
|---|---|
| 1,573,080 | |
| 575,293 31,461 |
|
| 606,754 | |
| 966,326 | |
| 997,787 |
Investments
11. Analysis of movement of commercial investments
| Investments | ||
|---|---|---|
| in | ||
| subsidiaries | ||
| £ | ||
| Market value at 01 | 64,397 | |
| November 2020 | ||
| Net gain/(loss) on | 18,418 | |
| revaluation | ||
| Market value at 31 | 82,815 | |
| October 2021 | ||
| Analysis of investments between funds as at year ended 31 October 2021 | ||
| 2021 | 2020 | |
| £ | £ | |
| Unrestricted funds | ||
| Investments in subsidiaries and | 82,815 | 64,397 |
| related undertakings | ||
| 82,815 | 64,397 |
12. Analysis of investments between funds as at year ended 31 October 2021
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Woodham Christian Centre Ltd. Notes to the Financial Statements Continued For the year ended 31 October 2021
13. Debtors
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| Amounts due after more than one year: | |||||
| Other debtors | 23,000 | 23,000 | |||
| 23,000 | 23,000 | ||||
| 14. Creditors: amounts falling due within one year | |||||
| 2021 | 2020 | ||||
| £ | £ | ||||
| Other creditors | 278 | 278 | |||
| 278 | 278 | ||||
| 15. Movement in funds | |||||
| Unrestricted Funds | |||||
| Balance at | Incoming | Outgoing | Gains and | Balance at | |
| 01/11/2020 | resources | resources | losses | 31/10/2021 | |
| £ | £ | £ | £ | £ | |
| General | |||||
| General | 1,195,977 | 136,550 | (134,044) | 18,418 | 1,216,901 |
| 1,195,977 | 136,550 | (134,044) | 18,418 | 1,216,901 | |
| Unrestricted Funds - Previous year | |||||
| Balance at | Incoming | Outgoing | Gains and | Balance at | |
| 01/11/2019 | resources | resources | losses | 31/10/2020 | |
| £ | £ | £ | £ | £ | |
| General | |||||
| General | 1,164,280 | 94,394 | (61,467) | (1,230) | 1,195,977 |
| 1,164,280 | 94,394 | (61,467) | (1,230) | 1,195,977 |
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Woodham Christian Centre Ltd. Notes to the Financial Statements Continued For the year ended 31 October 2021
Purpose of unrestricted Funds
General
The purpose of the general fund is to meet any expenditure required in order to meet the objectives of the charitable company.
16. Analysis of net assets between funds
| Tangible | Investments | Net current | Net Assets | |
|---|---|---|---|---|
| fixed assets | assets / | |||
| (liabilities) | ||||
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General | ||||
| General | 966,326 | 82,815 | 167,760 | 1,216,901 |
| 966,326 | 82,815 | 167,760 | 1,216,901 | |
| Previous year | ||||
| Tangible | Investments | Net current | Net Assets | |
| fixed assets | assets / | |||
| (liabilities) | ||||
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General | ||||
| General | 997,787 | 64,397 | 133,793 | 1,195,977 |
| 997,787 | 64,397 | 133,793 | 1,195,977 |
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Woodham Christian Centre Ltd. Detailed Statement of Financial Activities For the year ended 31 October 2021
| INCOME AND ENDOWMENT Donations and legacies Donations Investments Income from investment properties Total incoming resources EXPENDITURE Raising donations and legacies Donations SUPPORT COSTS Governance costs Governance costs Total resources expended NET INCOME BEFORE GAINS AND LOSSES Other recognised gains and losses Gains/(loss) on revaluation of investments Net income before gains and losses Net Income |
£ 2021 40,000 40,000 96,550 96,550 136,550 (11,663) (11,663) (122,381) (122,381) (134,044) 18,418 18,418 18,418 20,924 |
£ 2020 - |
|---|---|---|
| - 94,394 |
||
| 94,394 | ||
| 94,394 (13,675) |
||
| (13,675) (47,792) |
||
| (47,792) | ||
| (61,467) (1,230) |
||
| (1,230) | ||
| (1,230) | ||
| 31,697 |
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This page does not form part of the statutory financial statements