ANNUAL REPORT: WEST LONDON FAMILY CHURCH WLFC For the calendar year 1 January 2023 to 31 December 2023 REFERENCE AND ADMINISTRATION DETAILS Registered charity name West London Family Church Charity registration number 1131822 Company registration number os923418 Reglstered address WLFC, 230 Lillie Road, London SW6 7QA DIRECTORS The directors who served the charity during this period are as follows.. Pastor Philip Ajayakumar Ms Hawah Gamanga Mr Edwin Macrae Mr Laurence O'Brien Pastor Bernhard Steenkamp Mr Simon Urgilez Officers of WLFC.. Treasurer.. Ms Laura Guida Minute taker.. Ms Linda Lessle Company Secretary Pastor Bernhard Steenkamp Bankers Lloyd8 Bank 417 North End Road Fulham SW61NS Solicitors Geldards st James Court Derby DE1 18T STRUCTURE, GOVERNANCE AND MANAGEMENT The method for appointing church directors is set out in the governing documents. Essentially, il is by invitation of the board. The directors are responsible for making decisions on all rnatters of general concern and importance lo the Ghurch and for all financial matters. The full board endeavours to meel quarterly and more often rf required. To help facilitate the activities of the church. the board will set up sub committees to oversee specrfic areas of Work. Induction and Training of the Dlrectors No new Directors were appointed to the church leadership team during 2023 Administrative Information The church is a charff(able company, limited by guarantee, registered with the Charity Commission and Companies House. The charitable company is 9overned by its Memorandum and Articles of Association. dated 03 June 2009 Aims and Purpose The church board has the responsibility of promoting the whole mission of the church pastoral, evangelical, social and ecumenical in Hammersmith and Fulham, the surrounding area and where possible further afield. The church board is also responsible for maintaining the church premises. The church focuses on supporting children, young people and disadvantaged groups in our loGal community but also contributes to activities nationally and internationally. As a small charity we, for many years, have placed importance on working with other local communty groups and charities to promote community cohesion and to help with community events. OBJECTIVES AND ACTIVITIES Our purpose is summarised by the church motto.. 'Touching God, Reaching People, Changing Lives. Our desire is to see the Gospel significantly impact our community. Our mission as a church is to strengthen each person's confidence and joy in Jesus al every point in his or her lives. Our hope is that in doing so together we will louch and strengthen our local community. We believe that God not only cares about our church fellowship but also our community and that He is concerned about the smallest detail of all our lives and that He loves us all deeply. With this in mind we try to enable ordinary people to live out their faith in a positive way in their local community. When planning activities, the board has considered the Charity Commission guidance on public benefit and in particular the specific guidan￿ on charities for Ihe advancement of religion. We work in multi-year partnerships with both secular and faith-based community organisalions. We are respectful of the diversity in the communities we seNe. Achievements and Perforniance The church building is almost 100 years old and comprises the main church room, 2 side rooms, a kitchen, balhroorn facilities and a church office. All accommodation is on the ground floor. It is owned by WLFC but is in constant need of repair which is ongr)ing. The designated safety officer is Pastor Bernhard. The WLFC offi'ce is usually open four days a week and there are regular weekly church Meetings including our Sunday service, prayer meetings and children and youth work. In 2023 the building was hired weekly by: A Brazilian AOG Church A Spanish AOG prayer group Kumon Ihliaths and English Teaching Centrel For 15 years we have ulilised an international method of storytelling and community building based on the Godly Play@tradition and now have Godly Play@ trained storytellers as additional volunteers on our team. We work within a set framework to provide safe places for children, youth, adults and senior citizens to explore their own stories within the Gontext of community stories shared from a Christian worldview. Although many of these stories are shared by the great faiths they also have meaning and provide room for those of no or little faith. Food dlstribution During 2023 Ihe church received £250.00 every 3-4 months from a generous donorwho was keen for this gift to be used to buy food for alleviating poverty in Hammersmith and Fulham. We were able to distribute this food SUC￿$sfUllY to needy families in the Borough which also allowed us to get to know more people. Financial review Total receipts on the unrestricted fund were £73 133 and payments totalled £74 207 Reserv8s Policy The church board has resolved to maintain a balance on the unrestricted funds that equates to at least three months unrestricted payments, this is approximately £20,000 to cover emergencies. Investment Policy We have no investments other than the land that our building is built on. At present cash resources are held readily available for use in the charity's current account. Risk Management The directors constantly assess any risks that the charity may be exposed to, and will ensure that appropriale management measures are taken and that sufficient insurance cover is always maintained. The company has not had any claims made against it and no pending claims have been notified. The charity directors are responsible for preparing the directors Annual Report and the financial statements in accordance with applicable law and regulations. The law applicable to charities in England and Wales requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial slalements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law}. The directors must not approve the financial stalements unless they are satisfied that Ihey give a true and fair view of the state of the charity and the income and expenditure of the charity for that period. In preparing these financial statements, the directors are required lo.. Select suitable accounting policiès and then apply them consistently Observe the methods and principles in the Charities SORP Make judgements and accounting estimates that are reasonable and prudent stale whether applicable accounting slandards have been followed, subject to any material departures disclosed and explained in the financial statements Prepare the financial statement on the going concern basis unless it is inappropriate to presume Ihat the charity will continue in operation The directors 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 Df the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. 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 irregular'rties. INDEPENDENT EXAMINER The indèpendent examiner is Ms Sue Lewis, FCCA, 6 Park Road, Newbridge, Newport, NP114RF. SMALL COMPANY PROVISION This repart has been prepared in accordance with the provisions applicable to companies entitled to the sma15 companies, exemption. Registered offic8'. 230 Lillie Road London SW6 7QA Signed on behalf of the trustees PFrtN140¥V Name.. Signed.. Date.. Name.. Signed.. Date.. OG WEST LONDON FAMILY CHURCH A REGISTERED CHARITY f4uMBER 11318?2 A REGISTERED COMPANY NUMBLR 6923418 ADDRESS . 230 Lillie Road Fulham London SW6 7QA INDEX TO ACCOUNTS FOR THE YEAR F,NDF,D 31.ST DECEMBER 2023 Page Deseription Independent Examiner's Report Balanc¢ Sheet Statcmcnt of Financial Activities Income and Expenditure Account Notes to the Accounts 5t0 10 INDEPENDENT ExAl￿NER's REPOR T TO THE TRUSTEES OF WEST LONDON FAMILY CHURCH A registei'ed charity nun]ber . 1131822 FOR TItE YEAR ENDED 31ST DECEMBER 2023 The report relates to fmancial statements set out from page 2 to lo. Respective responsibilities of trnsteo8 and examiner The trustees are responsible for th¢ pr¢paration of the accounts. The eharity's trnstees consider that an audit is not reqllired for this year under section 144 of the Charities Act 2011 (the Ch￿ltieS Act ) and that an ind¢p¢ndent &xamination is needed. It is my responsibih'ty to: Examine the accounts under section 145 of the Charities Act - To follow th¢ procedures laid dowT] in the general Directions given by the Chairity Con)mission (under section 145(5}(b)of the Charitics Act, and - To state whether p￿TiCula1 n]atters have come to my attention. Basis of independent examiner's repurt My examination was catTied in accordance with the General Directions given by the Charity Cominissionei's. An examination in¢ludi% a review of the accounting records kept by the charity and a comparison of the accounts presented with thosc rccords. It also includes consideration of any unusual it¢ms or disclosures in the accounts, and seeking explanations from you as trustees concerning any such nlatters. The procedures undertaken do not piDvide all the evidence that would be required in an audiL and consequently no opinion is given as to whether the accounts present a'true and fair, view and the r¢poi* is limited to those matters set out in the statenient below. Independent examiner's statement In connection with my examination, no matter h&8 come to my attention to indicate that: accounts have not been kept in accordance with section 386 of tbe Companies Act 2006. the accounts do not accord with such records. where acc()imts are prepared on 31) accNals b&sis, whether they fail to comply with relevant accounting requirements under section 396 of d]e Companies Act 2006,or are not consistent with the Charities SORP {FRS 102) any matter which the examiner be]ieves should be drawn to the attention of the reader to gain a propeT l￿derstandIng of the accounts. Susan Lewis FCCA 6 Park Road Newbridge Newpoi'L NPI14RF Date.. 2(ItEI March 2024 Page I WEST LONDON FAMtLY CHURCH BALANCE SHEET AS AT 31ST DECEMBER 2023 Notes Unrestricted Restricted Funds Funds 2023 Total Funds 2023 Total 2023 2022 FIXED ASSETS 690,000 690,000 690,000 690,000 690,IX)O 690,000 CURREINT ASSETS Prepayments Cash at Bank Cash in Hand 33,766 69 33,835 33,766 69 33,835 33,356 93 33,449 CURREINT LIABILITIES - An￿￿nts falling due within one yeai" 12 2,660 2,660 31,175 2,660 2,660 31,175 1,200 1,200 32,249 NET CURRENT ASSETSILIABILrrJis TOT AL ASSETS LESS CURREIYT LIABILITIES 721,175 721,175 722,249 LONG TERM LIABILITIES Arnol￿ts falling due after more than one ye NET ASSETS £721,l75 £0 £721,175 £722,249 FUNDS Acculnulated Fund Designated Fund Other Funds 721,175 721,175 722.249 TOTAL FUNDS £721.175 £0 £721.175 £722,249 Page 2 WEST LONDON FAIWLY CHURCH BALANCE SHEET AS AT 31ST DECEMBER 2023 The company is entitLed to cxeA))ption provided by 8477 Companies Act 2006 for the year ended 31 st December 2023. Trustees Res onsibiliÉies The membei's have not requiied the cotllpany lo obiatll an audit of these accounts for the year cnded 31 st December 2023 ill accoTdanc¢ witli $476 of the Compaiiies Act 2006. Th¢ trustees acknowledge their responsibilitics for.. (a) ensuring Lhat the company keeps accounting recoi'ds that comply with s8386 and 387 Companies Act 2006 and (b) preparing fmancial statemcnls which give a true alld fair view of the state of affairs of the coiiipany at the Cnd of each finallcial y¢ar and of its profit Alld lo￿ for eacl) financial year in accoi'dance with requirements of scctions 394 and 395 &nd which otherwise comply with the i'equircmcnts of the Companies A¢t 2006 relating lo financial statements, so far as applieable to the company. These accounts have been prq)ared in accordance with the provision8 applickible to companics subject to the sm&ll companies regi￿¢ and with the Finallcial Repolting Stand￿d for Smaller EntLties (effective january 2015) The fmaneial statements w¢r¢ approved by the dii'ectors on . and wer edby MT Bernhard Steenkamp {aLairman) Mr Laurcnc¢ O'Brien (Director) Page 2 WEST LONDOIY FAMILY CHURCH STATEMENT OF FINAINCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 202.1 Notes Unrcstricted Restricted Funds Fund,$ 2023 2023 Total nds 2023 TotAI Fuiids 2022 Incoming Resources Voluntary Income Activities IncoAne 58,463 14,670 58,463 14,670 51,568 13,725 Total Incomfing Resources 73,133 73,133 65,293 Resources Expended Direct Charituble Expenditure Education ￿]d Tr4lining Community Gifts PIT)pety 52,903 1,824 1,800 5,651 62,178 52,903 1,824 1,800 5,651 62,178 50,808 1,138 1,339 io 58,919 Management And Administration Administration 12,029 12,029 10,768 12,029 12,029 10.768 Other Expenditure Other Resources Expended 74,207 74,207 69,687 Net incomlng resources before Éransfers Tratt8fers UtilisedlReleased -1,074 -1,074 -4,394 Net MoVe[￿eTht in Funds for year Fund Balances brought fonvard -1,074 722,249 -1,074 722,249 -4,394 726.643 Fund Balanees carried forward £721,175 £0 £721.175 £722,249 Page 3 WEST LO]NDON FAMILY CHURCH INCOME ANDEXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST DECEMBER 2023 Notes Unrestrieted Funds 2023 Total unds 2022 TURNOVER Voluntary Income Activities Income 58,463 14,670 51,568 13.725 73,133 65,293 Admintstrative Expenses 74,207 69,687 Operating Surplusl-Defictt -1,074 4,394 Other Operating Income Interest Keceivable Interest Payable and Similar Charges Surplus/-Defeclt on ordRnYdry activities before taxation -1.074 4,394 Tax on ordinary Activities 14 Surplusl-Defecit on ordinary activities after taxation Retained surptus (-d¢ficit) broiight forward -1,074 -4,394 122,249 126,643 Retained siirplu8 (-deficit) carTied forniard Revdlu pcr al￿￿￿ on a str&iglit line basis. Taxation As a registeTed charity the Church benefits from rates relief and 18 generally exempt from Income and Capital Gains T&x but not fi'om Value Added Tax. Irrecoverable Value Added Tax is includcd in the cost of those iteins to which it relates. Incon]e tax recovered on deeds of covenants and Gift Aid donations are creditd to th¢ geiieral unrestricted funds. Fund Accountin l. Unrestt'icted funds c4)mpL'Ése those funds which the Trustees are free to use in accordance with the charikthle objects. 2. D￿ignated funds &"e unrestricted funds earnlarked by the In￿leeS for particular purposes. 3. Restricted funds are funds which have been giv¢n for p￿tICUlar purpos&8. The restriction being placed by the donor. Pagc 5 WEST LONDON FAMILY CIIURCH NOTE I . TANGIBLE FIXED ASSETS AS AT 31ST DECEMBER 2023 DEPRF.CIA TTON MFfHOD - 'STRAIGHT LINE,. DEPRECIA TION ANNUAL RA TES:_ 20/0 LAND & cHA￿ELs KNSTIiMf OFFICE MOTOR BUILDING FITTJNGS AUDIO &Ull£LE& TOTAL COST Opening balance Disposals Additions 690,000 550 2,980 693,530 CLOSING BALANCE 690,000 550 2,980 693,530 DEPRECIATION Opening balance Disposals Charge for year 550 2,980 3,530 CLOStNG BALANCE 550 2,980 3,530 NET BOOK VALUE At beginning of yeoj. £690,000 £0 £0 £0 £0 £690,000 At end of ye￿. £690,000 £0 £0 £0 £0 £690,000 Pagc 6 WEST LONDON FAMILY CHURCH NOTE 3 CAPITAL FUNDS OPENING BALANCE INFLOW OUTFLOW CLOSING BALANCE Restrieted Restricted Funds Transfer To Accumulated Unrestricted Accumulated Fund Transf￿. From Restricted 722,249 73,133 74,207 721,175 722,249 73,133 74,207 721,175 TOTAL £722,249 £73,133 £74,207 £721,175 NOTE 4 INCOMF, GF.NFRAL Unre$ts4eteil Restricled 2023 TOTAL 2023 TOTAL, 2022 2023 VOT,IINTARY INCOME Tithes & Offcrillgs HMRC - Gift Aid Rebate Gifts Other Income SpecLal Collections INCOIIIE FROM ACTIVITIES Property Incoine Conferences l Ttips 52,449 5,464 50 52,449 5,464 50 45,641 5,002 570 500 500 355 14,670 14,670 13,460 265 TOTAL £73,133 £0 £73,133 £65,293 Page 7 WEST LONDON FAMILY CHURCH NOTE 5 INVESTMENT INCOME Investment income was derived from Sli￿lUS funds being placed on short tern] deposit wittL the ban1<. NOTE 6 OTHER INCOME LNOTE 7 EDUCATION AND TRAINING iTnre5ti'ittÉd Restricted TOTAL 2023 TOTAL 2022 2023 2023 Ti'aining and Teaching Visiting Ministry Teaching Resources Ministy Resources Books l Bibles Child Protection TOTAL 49,639 49.639 47,757 880 399 899 643 230 £50,808 968 1,625 425 246 £52,903 968 1,625 425 246 £52,903 £0 INOTE 8 COLIIMUNITY UDrestricted Restrfieted 21i23 TOTAL 2023 TOTAL 2022 2023 TTallsport Catering Functions 'ellowship Siipport Fellowshi Recrealion TOTAL 909 835 909 835 1,109 80 80 29 £0 £1,824 £1,138 Page 8 WEST LONDON FANIILY CHURCH NOTE 9 GIFrs u￿res￿leted Restrlcted TOTAL 202.1 TOTAL 2022 2023 2023 OvaBeas UK Missions Necdy Organisations ChurLb ifts TOTAL 320 240 310 320 240 310 450 240 120 930 £1,8 930 £1,800 529 £1,339 £0 NOTE Ili PROPERTY Unrtstrltted Restricted TO'fAL 2023 TO'fAL 2022 2023 2023 RepaiTS & Cleanitlg El¢¢tricity Gas Inslwater Other TOTAL 1,430 640 2,175 1,406 1,430 640 2,175 1,406 1,999 1,322 983 1,330 £5,651 £0 £5,651 £5,634 F40TE 11 L1IANAGEL￿NT AIYD ADMtNISTRATION Unrestrleted Restricted TOTAL 2023 TOTAL 2022 2023 2023 Postag&lstationery Telepl)one SubslLicences offi￿ Adinistration & Equipment Pension Costs ( Nest) Professional Fees Book keq)uig Bank Charges Other TOTAL 31 1,263 781 1,216 2,248 2,289 2.496 25 1,680 £12,029 1,263 781 1,216 2,248 2,289 2,496 25 1,680 £1?,029 I,iii 1.153 2,459 2.035 1,275 2,496 239 £10,768 £0 Page 9 WEST LONDON FAMILY CHURCH NOTE 12 Uni'estrl¢ted Restrieted TOTAL 2023 TOTAL 2022 2023 2023 Sundry Trade Creditors I.oan 2,660 2,660 725 TOTAL £2,660 £0 £2,660 £725 OTE 13 - WAGES AND SALAIUES 2023 2022 Wages and Salaries 49.438 45,194 The average nurnber of eTnployees during the year was 3 (2022.. 2) No employee was paid ill excess of £60,000 Page 10 WEST LONDON FAMILY CHURCH A REGISTERED CHARITY f4uMBER 11318?2 A REGISTERED COMPANY NUMBLR 6923418 ADDRESS . 230 Lillie Road Fulham London SW6 7QA INDEX TO ACCOUNTS FOR THE YEAR F,NDF,D 31.ST DECEMBER 2023 Page Deseription Independent Examiner's Report Balanc¢ Sheet Statcmcnt of Financial Activities Income and Expenditure Account Notes to the Accounts 5t0 10 INDEPENDENT ExAl￿NER's REPOR T TO THE TRUSTEES OF WEST LONDON FAMILY CHURCH A registei'ed charity nun]ber . 1131822 FOR TItE YEAR ENDED 31ST DECEMBER 2023 The report relates to fmancial statements set out from page 2 to lo. Respective responsibilities of trnsteo8 and examiner The trustees are responsible for th¢ pr¢paration of the accounts. The eharity's trnstees consider that an audit is not reqllired for this year under section 144 of the Charities Act 2011 (the Ch￿ltieS Act ) and that an ind¢p¢ndent &xamination is needed. It is my responsibih'ty to: Examine the accounts under section 145 of the Charities Act - To follow th¢ procedures laid dowT] in the general Directions given by the Chairity Con)mission (under section 145(5}(b)of the Charitics Act, and - To state whether p￿TiCula1 n]atters have come to my attention. Basis of independent examiner's repurt My examination was catTied in accordance with the General Directions given by the Charity Cominissionei's. An examination in¢ludi% a review of the accounting records kept by the charity and a comparison of the accounts presented with thosc rccords. It also includes consideration of any unusual it¢ms or disclosures in the accounts, and seeking explanations from you as trustees concerning any such nlatters. The procedures undertaken do not piDvide all the evidence that would be required in an audiL and consequently no opinion is given as to whether the accounts present a'true and fair, view and the r¢poi* is limited to those matters set out in the statenient below. Independent examiner's statement In connection with my examination, no matter h&8 come to my attention to indicate that: accounts have not been kept in accordance with section 386 of tbe Companies Act 2006. the accounts do not accord with such records. where acc()imts are prepared on 31) accNals b&sis, whether they fail to comply with relevant accounting requirements under section 396 of d]e Companies Act 2006,or are not consistent with the Charities SORP {FRS 102) any matter which the examiner be]ieves should be drawn to the attention of the reader to gain a propeT l￿derstandIng of the accounts. Susan Lewis FCCA 6 Park Road Newbridge Newpoi'L NPI14RF Date.. 2(ItEI March 2024 Page I WEST LONDON FAMtLY CHURCH BALANCE SHEET AS AT 31ST DECEMBER 2023 Notes Unrestricted Restricted Funds Funds 2023 Total Funds 2023 Total 2023 2022 FIXED ASSETS 690,000 690,000 690,000 690,000 690,IX)O 690,000 CURREINT ASSETS Prepayments Cash at Bank Cash in Hand 33,766 69 33,835 33,766 69 33,835 33,356 93 33,449 CURREINT LIABILITIES - An￿￿nts falling due within one yeai" 12 2,660 2,660 31,175 2,660 2,660 31,175 1,200 1,200 32,249 NET CURRENT ASSETSILIABILrrJis TOT AL ASSETS LESS CURREIYT LIABILITIES 721,175 721,175 722,249 LONG TERM LIABILITIES Arnol￿ts falling due after more than one ye NET ASSETS £721,l75 £0 £721,175 £722,249 FUNDS Acculnulated Fund Designated Fund Other Funds 721,175 721,175 722.249 TOTAL FUNDS £721.175 £0 £721.175 £722,249 Page 2 WEST LONDON FAIWLY CHURCH BALANCE SHEET AS AT 31ST DECEMBER 2023 The company is entitLed to cxeA))ption provided by 8477 Companies Act 2006 for the year ended 31 st December 2023. Trustees Res onsibiliÉies The membei's have not requiied the cotllpany lo obiatll an audit of these accounts for the year cnded 31 st December 2023 ill accoTdanc¢ witli $476 of the Compaiiies Act 2006. Th¢ trustees acknowledge their responsibilitics for.. (a) ensuring Lhat the company keeps accounting recoi'ds that comply with s8386 and 387 Companies Act 2006 and (b) preparing fmancial statemcnls which give a true alld fair view of the state of affairs of the coiiipany at the Cnd of each finallcial y¢ar and of its profit Alld lo￿ for eacl) financial year in accoi'dance with requirements of scctions 394 and 395 &nd which otherwise comply with the i'equircmcnts of the Companies A¢t 2006 relating lo financial statements, so far as applieable to the company. These accounts have been prq)ared in accordance with the provision8 applickible to companics subject to the sm&ll companies regi￿¢ and with the Finallcial Repolting Stand￿d for Smaller EntLties (effective january 2015) The fmaneial statements w¢r¢ approved by the dii'ectors on . and wer edby MT Bernhard Steenkamp {aLairman) Mr Laurcnc¢ O'Brien (Director) Page 2 WEST LONDOIY FAMILY CHURCH STATEMENT OF FINAINCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 202.1 Notes Unrcstricted Restricted Funds Fund,$ 2023 2023 Total nds 2023 TotAI Fuiids 2022 Incoming Resources Voluntary Income Activities IncoAne 58,463 14,670 58,463 14,670 51,568 13,725 Total Incomfing Resources 73,133 73,133 65,293 Resources Expended Direct Charituble Expenditure Education ￿]d Tr4lining Community Gifts PIT)pety 52,903 1,824 1,800 5,651 62,178 52,903 1,824 1,800 5,651 62,178 50,808 1,138 1,339 io 58,919 Management And Administration Administration 12,029 12,029 10,768 12,029 12,029 10.768 Other Expenditure Other Resources Expended 74,207 74,207 69,687 Net incomlng resources before Éransfers Tratt8fers UtilisedlReleased -1,074 -1,074 -4,394 Net MoVe[￿eTht in Funds for year Fund Balances brought fonvard -1,074 722,249 -1,074 722,249 -4,394 726.643 Fund Balanees carried forward £721,175 £0 £721.175 £722,249 Page 3 WEST LO]NDON FAMILY CHURCH INCOME ANDEXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST DECEMBER 2023 Notes Unrestrieted Funds 2023 Total unds 2022 TURNOVER Voluntary Income Activities Income 58,463 14,670 51,568 13.725 73,133 65,293 Admintstrative Expenses 74,207 69,687 Operating Surplusl-Defictt -1,074 4,394 Other Operating Income Interest Keceivable Interest Payable and Similar Charges Surplus/-Defeclt on ordRnYdry activities before taxation -1.074 4,394 Tax on ordinary Activities 14 Surplusl-Defecit on ordinary activities after taxation Retained surptus (-d¢ficit) broiight forward -1,074 -4,394 122,249 126,643 Retained siirplu8 (-deficit) carTied forniard Revdlu pcr al￿￿￿ on a str&iglit line basis. Taxation As a registeTed charity the Church benefits from rates relief and 18 generally exempt from Income and Capital Gains T&x but not fi'om Value Added Tax. Irrecoverable Value Added Tax is includcd in the cost of those iteins to which it relates. Incon]e tax recovered on deeds of covenants and Gift Aid donations are creditd to th¢ geiieral unrestricted funds. Fund Accountin l. Unrestt'icted funds c4)mpL'Ése those funds which the Trustees are free to use in accordance with the charikthle objects. 2. D￿ignated funds &"e unrestricted funds earnlarked by the In￿leeS for particular purposes. 3. Restricted funds are funds which have been giv¢n for p￿tICUlar purpos&8. The restriction being placed by the donor. Pagc 5 WEST LONDON FAMILY CIIURCH NOTE I . TANGIBLE FIXED ASSETS AS AT 31ST DECEMBER 2023 DEPRF.CIA TTON MFfHOD - 'STRAIGHT LINE,. DEPRECIA TION ANNUAL RA TES:_ 20/0 LAND & cHA￿ELs KNSTIiMf OFFICE MOTOR BUILDING FITTJNGS AUDIO &Ull£LE& TOTAL COST Opening balance Disposals Additions 690,000 550 2,980 693,530 CLOSING BALANCE 690,000 550 2,980 693,530 DEPRECIATION Opening balance Disposals Charge for year 550 2,980 3,530 CLOStNG BALANCE 550 2,980 3,530 NET BOOK VALUE At beginning of yeoj. £690,000 £0 £0 £0 £0 £690,000 At end of ye￿. £690,000 £0 £0 £0 £0 £690,000 Pagc 6 WEST LONDON FAMILY CHURCH NOTE 3 CAPITAL FUNDS OPENING BALANCE INFLOW OUTFLOW CLOSING BALANCE Restrieted Restricted Funds Transfer To Accumulated Unrestricted Accumulated Fund Transf￿. From Restricted 722,249 73,133 74,207 721,175 722,249 73,133 74,207 721,175 TOTAL £722,249 £73,133 £74,207 £721,175 NOTE 4 INCOMF, GF.NFRAL Unre$ts4eteil Restricled 2023 TOTAL 2023 TOTAL, 2022 2023 VOT,IINTARY INCOME Tithes & Offcrillgs HMRC - Gift Aid Rebate Gifts Other Income SpecLal Collections INCOIIIE FROM ACTIVITIES Property Incoine Conferences l Ttips 52,449 5,464 50 52,449 5,464 50 45,641 5,002 570 500 500 355 14,670 14,670 13,460 265 TOTAL £73,133 £0 £73,133 £65,293 Page 7 WEST LONDON FAMILY CHURCH NOTE 5 INVESTMENT INCOME Investment income was derived from Sli￿lUS funds being placed on short tern] deposit wittL the ban1<. NOTE 6 OTHER INCOME LNOTE 7 EDUCATION AND TRAINING iTnre5ti'ittÉd Restricted TOTAL 2023 TOTAL 2022 2023 2023 Ti'aining and Teaching Visiting Ministry Teaching Resources Ministy Resources Books l Bibles Child Protection TOTAL 49,639 49.639 47,757 880 399 899 643 230 £50,808 968 1,625 425 246 £52,903 968 1,625 425 246 £52,903 £0 INOTE 8 COLIIMUNITY UDrestricted Restrfieted 21i23 TOTAL 2023 TOTAL 2022 2023 TTallsport Catering Functions 'ellowship Siipport Fellowshi Recrealion TOTAL 909 835 909 835 1,109 80 80 29 £0 £1,824 £1,138 Page 8 WEST LONDON FANIILY CHURCH NOTE 9 GIFrs u￿res￿leted Restrlcted TOTAL 202.1 TOTAL 2022 2023 2023 OvaBeas UK Missions Necdy Organisations ChurLb ifts TOTAL 320 240 310 320 240 310 450 240 120 930 £1,8 930 £1,800 529 £1,339 £0 NOTE Ili PROPERTY Unrtstrltted Restricted TO'fAL 2023 TO'fAL 2022 2023 2023 RepaiTS & Cleanitlg El¢¢tricity Gas Inslwater Other TOTAL 1,430 640 2,175 1,406 1,430 640 2,175 1,406 1,999 1,322 983 1,330 £5,651 £0 £5,651 £5,634 F40TE 11 L1IANAGEL￿NT AIYD ADMtNISTRATION Unrestrleted Restricted TOTAL 2023 TOTAL 2022 2023 2023 Postag&lstationery Telepl)one SubslLicences offi￿ Adinistration & Equipment Pension Costs ( Nest) Professional Fees Book keq)uig Bank Charges Other TOTAL 31 1,263 781 1,216 2,248 2,289 2.496 25 1,680 £12,029 1,263 781 1,216 2,248 2,289 2,496 25 1,680 £1?,029 I,iii 1.153 2,459 2.035 1,275 2,496 239 £10,768 £0 Page 9 WEST LONDON FAMILY CHURCH NOTE 12 Uni'estrl¢ted Restrieted TOTAL 2023 TOTAL 2022 2023 2023 Sundry Trade Creditors I.oan 2,660 2,660 725 TOTAL £2,660 £0 £2,660 £725 OTE 13 - WAGES AND SALAIUES 2023 2022 Wages and Salaries 49.438 45,194 The average nurnber of eTnployees during the year was 3 (2022.. 2) No employee was paid ill excess of £60,000 Page 10