**Charity number: 1072981**
## **WESSEX CLOSE CHRISTIAN FELLOWSHIP**
## **UNAUDITED**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2022**
## **WESSEX CLOSE CHRISTIAN FELLOWSHIP**
## **CONTENTS**
||Page|
|---|---|
|**Reference and Administrative Details of the Charity, its Trustees and Advisers**|1|
|**Trustees' Report**|2 - 5|
|**Independent Examiner's Report**|6 - 7|
|**Statement of Financial Activities**|8|
|**Balance Sheet**|9|
|**Notes to the Financial Statements**|10 - 19|
**WESSEX CLOSE CHRISTIAN FELLOWSHIP**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2022**
**Trustees** Barry Alan Darling, Treasurer Kenneth Golding, Chair Ebow Essel, Trustee Robert Michael, Secretary **Charity registered number** 1072981 **Principal office** Wessex Close Basingstoke Hampshire England RG21 3NP **Accountants** Kolade Andrew Alli ACMA 10 Gatcombe Gardens West End, Hampshire SO18 3NA **Bankers** HSBC Bank Plc Kingdom Bank
Page 1
**WESSEX CLOSE CHRISTIAN FELLOWSHIP**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2022**
The Trustees present their annual report together with the financial statements of the WESSEX CLOSE CHRISTIAN FELLOWSHIP for the year 1 January 2022 to 31 December 2022.
## **a. Policies and objectives**
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
## **Achievements and performance**
Page 2
**WESSEX CLOSE CHRISTIAN FELLOWSHIP**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022**
## **Achievements and performance (continued)**
## **a. Main achievements of the Charity**
## **Church attendance:**
Over the past year, church attendance has increased, and we have had new members and families join our worship services and have decided to take on membership in our community.
## **Trustee meetings:**
Regular Trustee meetings have been held over the past year, and short-notice meetings have been held as well to address the necessary issues that have arisen during the year.
## **Evangelistic Missions**
In the past year, we’ve had the privilege to co-host together with other churches “Through Faith Missions” a Christian evangelistic agency to participate in a town-wide evangelistic campaign with a focus on advancing the Christian faith. The first one was a week-long mission that happened in the early part of the year, and we worked together with 4 other churches during this campaign. In the later part of the year, we only had a weekend reunion with the participating churches together with TFM our partner mission agency.
## **Baptisms:**
We have conducted two baptisms this year of two people who are members of our church. As a local church, we also work in support of other churches by enabling them to utilize our building. This year we have hosted one other local church in using our indoor baptismal pool for baptizing some of their church members that needed baptism.
## **Community work:**
The church continues to provide space for BESOM a community group supplying essentials to vulnerable families and individuals. We have helped in the distribution of Christmas hampers to people in our local community
We have been giving financially to support our local food bank this year as part of the ongoing work we are engaged in within our local community.
We have also been financially and prayerfully supporting the Christians against poverty organization to aid them in tackling the poverty situation within the UK.
## **Overseas mission:**
As a local church, we have also been financially supporting some overseas missions. We have been supporting the star of Hope foundation an orphanage in Bulgaria, and the ongoing mission work going on in Lebanon, coordinated by the AOG UK’s international mission coordinator Magdy Tawfik. Also, we have also been supporting evangelistic efforts in Israel through the Christian organization One for Israel.
Page 3
**WESSEX CLOSE CHRISTIAN FELLOWSHIP**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022**
## **a. Going concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
## **Structure, governance and management**
## **a. Constitution**
WESSEX CLOSE CHRISTIAN FELLOWSHIP is a registered charity, number 1072981, and is constituted under a Trust deed.
## **b. Methods of appointment or election of Trustees**
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
## **c. Financial risk management**
The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
## **Members' liability**
The Members of the Charity guarantee to contribute an amount not exceeding £1 to the assets of the Charity in the event of winding up.
Page 4
**WESSEX CLOSE CHRISTIAN FELLOWSHIP**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022**
## **Statement of Trustees' responsibilities**
The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees on 26 January 2023 and signed on their behalf by:
Page 5
**WESSEX CLOSE CHRISTIAN FELLOWSHIP**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2022**
## **Independent Examiner's Report to the Trustees of WESSEX CLOSE CHRISTIAN FELLOWSHIP ('the Charity')**
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2022.
## **Responsibilities and Basis of Report**
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Page 6
**WESSEX CLOSE CHRISTIAN FELLOWSHIP**
## **INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022**
## **Independent Examiner's Statement**
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
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:
1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Page 7
## **WESSEX CLOSE CHRISTIAN FELLOWSHIP**
**INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022**
Signed:
Dated: 26 January 2023
## **Kolade Andrew Alli ACMA**
10 Gatcombe Gardens West End, Hampshire
SO18 3NA
Page 7
**WESSEX CLOSE CHRISTIAN FELLOWSHIP**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022**
|**Note**
**Income from:**
Charitable activities
3
**Total income**
**Expenditure on:**
Charitable activities
4
**Total expenditure**
**Net (expenditure)/income**
Transfers between funds
11
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2022**
**£**
**72,196**|**Total**
**funds**
**2022**
**£**
**72,196**|_Total_
_funds_
_2021_
_£_
_72,149_
|
|---|---|---|---|
||**72,196**|
**72,196**|
_72,149_|
||
**77,353**|
**77,353**|
_61,512_
|
||**77,353**|
**77,353**|
_61,512_|
||
**(5,157)**
**-**|
**(5,157)**
**-**|
_10,637_
_9,913_
|
||**(5,157)**|
**(5,157)**|
_20,550_|
||
**1,093,174**
**(5,157)**|
**1,093,174**
**(5,157)**|
_1,072,624_
_20,550_
|
||**1,088,017**|
**1,088,017**|
_1,093,174_|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 10 to 19 form part of these financial statements.
Page 8
## **WESSEX CLOSE CHRISTIAN FELLOWSHIP**
## **BALANCE SHEET AS AT 31 DECEMBER 2022**
|**Note**
**Fixed assets**
Tangible assets
8
**Current assets**
Debtors
9
Cash at bank and in hand
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset**
**Total net assets**
**Charity funds**
Restricted funds
11
Unrestricted funds
11
**Total funds**|**4,721**
**127,568**|**2022**
**£**
**955,728**
**955,728**
_8,726_
_127,811_
_136,537_
**132,289**
**1,088,017**
**1,088,017**
**1,088,017**
**-**
**1,088,017**
**1,088,017**|_2021_
_£_
_956,637_|
|---|---|---|---|
||||_956,637_
_136,537_|
||**132,289**|||
|||||
||||_1,093,174_|
||||_1,093,174_|
||||_1,093,174_|
||||
_-_
_1,093,174_|
||||_1,093,174_|
The financial statements were approved and authorised for issue by the Trustees on 26 January 2023 and signed on their behalf by:
The notes on pages 10 to 19 form part of these financial statements.
Page 9
**WESSEX CLOSE CHRISTIAN FELLOWSHIP**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **2. Accounting policies**
## **2.1 Basis of preparation of financial statements**
The financial statements have been prepared 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
WESSEX CLOSE CHRISTIAN FELLOWSHIP 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.
## **2.2 Income**
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
## **2.3 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
Page 10
**WESSEX CLOSE CHRISTIAN FELLOWSHIP**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **2. Accounting policies (continued)**
## **2.4 Tangible fixed assets and depreciation**
Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, on a reducing balance basis.
Depreciation is provided on the following basis:
Freehold property - Office equipment - 25%
## **2.5 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **2.6 Cash at bank and in hand**
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **2.7 Financial instruments**
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **2.8 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
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**WESSEX CLOSE CHRISTIAN FELLOWSHIP**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **3. Income from charitable activities**
|General Offering and Gifts
Gift Aid tax reclaimed
Bank interest receivable
Church Hall Hire|**Unrestricted**
**funds**
**2022**
**£**
61,540
10,656
-
-|**Total**
**funds**
**2022**
**£**
**61,540**
**10,656**
**-**
**-**
|_Total_
_funds_
_2021_
_£_
_61,595_
_10,137_
_257_
_160_|
|---|---|---|---|
||72,196|
**72,196**|_72,149_|
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**WESSEX CLOSE CHRISTIAN FELLOWSHIP**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **4. Analysis of expenditure on charitable activities**
## **Summary by fund type**
|Administration and Overheads
Independent examiner's fee
Legal and professional fees
Missions
Payroll costs
Premises cost and utilities
Software, website and licenses
Training
Depreciation|**Unrestricted**
**funds**
**2022**
**£**
1,984
950
2,062
10,213
47,150
9,722
973
3,390
909|**Total**
**2022**
**£**
**1,984**
**950**
**2,062**
**10,213**
**47,150**
**9,722**
**973**
**3,390**
**909**
|_Total_
_2021_
_£_
_129_
_700_
_1,972_
_13,078_
_35,316_
_5,122_
_1,790_
_2,193_
_1,212_|
|---|---|---|---|
||77,353|
**77,353**|_61,512_|
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**WESSEX CLOSE CHRISTIAN FELLOWSHIP**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **6. Independent examiner's remuneration**
|Fees payable to the Charity's independent examiner for the independent
examination of the Charity's annual accounts|**2022**
**£**
**950**|_2021_
_£_
_700_|
|---|---|---|
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**WESSEX CLOSE CHRISTIAN FELLOWSHIP**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **7. Trustees' remuneration and expenses**
During the year, Pastor Ebow Essel has been paid remuneration from an employment with the Charity. This relates to work done and expenses incurred as Pastor of the church. The value of Trustees' remuneration and other benefits was as follows:
|||**2022**|_2021_|
|---|---|---|---|
|||**£**|_£_|
|Ebow Essel|Remuneration|**33,288**|_31,000_|
## **8. Tangible fixed assets**
|**Cost or valuation**
At 1 January 2022
At 31 December 2022
**Depreciation**
At 1 January 2022
Charge for the year
At 31 December 2022
**Net book value**
At 31 December 2022
_At 31 December 2021_|**Freehold**
**property**
**£**
**953,000**|**Office**
**equipment**
**£**
**6,466**
|**Total**
**£**
**959,466**|
|---|---|---|---|
||**953,000**|
**6,466**
|
**959,466**|
||**-**
**-**|
**2,829**
**909**
|
**2,829**
**909**|
||**-**|
**3,738**
|
**3,738**|
||**953,000**|
**2,728**|**955,728**|
||
_953,000_|
_3,637_|
_956,637_|
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## **WESSEX CLOSE CHRISTIAN FELLOWSHIP**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
|**9.**
**Debtors**
**Due within one year**
Other debtors
**10.**
**Financial instruments**
**Financial assets**
Financial assets measured at fair value through income and expenditure|**2022**
**£**
**4,721**
|_2021_
_£_
_8,726_|
|---|---|---|
||**4,721**|_8,726_|
||
**2022**
**£**
**127,568**|
_2021_
_£_
_127,811_|
Financial assets measured at fair value through income and expenditure comprise….
Page 16
**WESSEX CLOSE CHRISTIAN FELLOWSHIP**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **11. Statement of funds**
## **Statement of funds - current year**
|**Unrestricted funds**
General Funds
Revaluation reserve|**Balance at 1**
**January**
**2022**
**£**
**640,174**
**453,000**|**Income**
**£**
**72,196**
**-**|**Expenditure**
**£**
**(77,353)**
**-**
|**Balance at**
**31**
**December**
**2022**
**£**
**635,017**
**453,000**|
|---|---|---|---|---|
||**1,093,174**|
**72,196**|
**(77,353)**|**1,088,017**|
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**WESSEX CLOSE CHRISTIAN FELLOWSHIP**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **11. Statement of funds (continued) Statement of funds - prior year**
|**Unrestricted**
**funds**
General Funds|_Balance at_
_1 January_
_2021_
_£_
_619,624_|_Income_
_£_
_72,149_|_Expenditure_
_£_
_(61,512)_|_Transfers_
_in/out_
_£_
_9,913_|_Gains/_
_(Losses)_
_£_
_453,000_|_Balance at_
_31_
_December_
_2021_
_£_
_1,093,174_|
|---|---|---|---|---|---|---|
## **12. Summary of funds**
## **Summary of funds - current year**
|General funds
**Summary of funds - prior year**
_Balance at_
_1 January_
_2021_
_£_
_Income_
_£_
General funds
_619,624_
_72,149_|**Balance at 1**
**January**
**2022**
**£**
**1,093,174**|**Income**
**£**
**72,196**|**Expenditure**
**£**
**(77,353)**|**Balance at**
**31**
**December**
**2022**
**£**
**1,088,017**|
|---|---|---|---|---|
||
_Expenditure_
_£_
_(61,512)_|
_Transfers_
_in/out_
_£_
_9,913_|
_Gains/_
_(Losses)_
_£_
_453,000_|
_Balance at_
_31_
_December_
_2021_
_£_
_1,093,174_|
Page 18
**WESSEX CLOSE CHRISTIAN FELLOWSHIP**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **13. Analysis of net assets between funds**
## **Analysis of net assets between funds - current year**
|Tangible fixed assets
Current assets
**Total**
**Analysis of net assets between funds - prior year**
Tangible fixed assets
Current assets
**Total**|**Unrestricted**
**funds**
**2022**
**£**
955,728
132,289
|**Total**
**funds**
**2022**
**£**
**955,728**
**132,289**|
|---|---|---|
||1,088,017|**1,088,017**|
||
_Unrestricted_
_funds_
_2021_
_£_
_956,637_
_136,537_
|
_Total_
_funds_
_2021_
_£_
_956,637_
_136,537_|
||_1,093,174_|_1,093,174_|
Page 19