ANNUAL REPORT: WEST LONDON FAMILY CHURCH WLFC For the calendar year 1 January 2024 to 31 December 2024 REFERENCE AND ADMINISTRATION DETAILS Reglstered charity name West London Family Church Charity registration number 1131822 Company registration number Registered address 06923418 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 Lloyds Bank 21-25 King St W6 9HW London Solicitors Geldards St James Court Derby DE11BT STRUCTURE, GOVERNANCE AND MANAGEMENT The method for appointing church directors is set out in the governing documents. Essentially, it is by invitation of the board, The directors are responsible for making decisions on all matters of general concern and importance to the church and for all financial matters. The full board endeavours to meet quarterly and more often If required. To help facilitate the activities of the church, the board will set up sub committees to oversee specific areas of work.
Induction and Training of the Directors No new Directors were appointed to the church leadership team during 2024 ,Administrative Infomiation The church is a charitable company, limited by guarantee, registered with the Charity Commission and Companies House. The charitable company is governed 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 local 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 community 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 at every point in his or her lives. Our hope is that in doing so together we will touch and strengthen our local community. We believe that God not only cares about our church fellowship but alsqour 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 guidance on charities for the advancement of religion. We work in multi-year partnerships with both secular and faith-based community organisations. We are respectful of the diversity in the communities we serve. Achievements and Perfomiance The church building Is almost 100 years old and comprises the main church room, 2 side rooms, a kitchen, bathroom 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 ongoing. The designated safety officer is Pastor Bernhard.
Tlie WLFC office 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 2024 the building was hired weekly by: A Brazilian AOG Church A Spanish AOG prayer group Kumon (Maths and English Teaching Centre) For 16 years we have utilised 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 context 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. During 2024 we also met regularly on Thursday mornings to do some evangelism in our local community. This has been well received and we have had some very fruitful conversations with many people out on North End road. We expanded this Initiative and are now also doing evangelism Just outside our church on Friday mornings. A few people have actually Joined our church as a result of this initiative. We also started supporting a Christian ministry in India and are looking forward to how this relationship will develop and grow in the future, and how we may be able to facilitate this happening. During the summer of 2024 we also hosted 2 dance and evangelistic teams from South Korea. They performed some of their dance routines at our church. We enjoyed their performances and everyone had an uplifting and encouraging time. Financial review Total receipts on the unrestricted fund were £76,848 and payments totalled £75,748 Reserves 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 appropriate 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.
RESPONSIBILITY OF THE DIRECTORS 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 statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) The directors must not approve the financial statements unless they are satisfied that they 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 to: Select suitable accounting policies and then apply them consistently Observe the methods and principles in the Charities SORP Make judgements and accounting estimates that are reasonable and prudent State whether applicable accounting standards 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 that 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 of 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 irregularities. INDEPENDENT EXAMINER The independent examiner is Ms Sue Lewis, FCCA, 6 Park Road, Newbridge, Newport, NP114RF.
SMALL COMPANY PROVISION This report has been prepared In accordance with the provisions applicable to companies entitled to the small conipanies, exeinption, Registered office: 230 Lillie Road London SW6 7QA Signed on behalf of the trustees Name: Signed, Date; Name: Signed: f f+¥-fr Date: 13 2s-
WEST LONDON FAMILY CHURCH A REGISTERED CHARITY IYUMBER 1131822 A REGISTERED COMPANY NLMBER 6923418 ADDRKSS . 230 Lillic Road Fu]hn LondoLI SW6 7QA INDEX TO ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024 Page Description Independent Examiner's Report Balance Sheet Statement of Financial Activities Income and Expenditure Accouiit Notes to the Accounts 5t0 10
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WEST LONDON FAMILY CHURCH A Tegistered charity number . 1131822 FOR THE YEAR KNDED 31ST DECEMBER 2024 The report relates to fmancial statements set out from page 2 to 10. Respective responsibilitles of trustees and examiner The trustees are responsible foi. the preparation of tlie accounts. The charity's ISte&S consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act ) and that an independent examination is needed. It is my responsibility to: - F,xamine the dccounts under section 145 of the Charities Act - To follow the procedures laid down in the general Dll'ections given by the Chairity Commission (under section l45(5)(b)of die Cliarities ACL ld - To state whether particular matters have come to my attention. Basls of independent examiner's report My examination was carried out in accordance with the General Directions given by the Charity ConllnissionaE. An examination includes a review of the acColting records kept by the charity and a comparison of the accoLmts presented with those records. It also includes consideration of any Unusu lten or disclosures in the aOunts, and seeking explanations from you as trustees oncerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audi( and consequently no opinion is given &s to whether the accounts present a 'true and fair, view and the report is limited to those mattels set out in the statement below. Independent exAmlner's statement In connection with my examination, no matter has come to my attention to indicate that: accounts have not been kept in accordance with section 386 of the Compani&8 Act 2006. the accounts do not accord with such records. where accounts are prepared on an accruals b&sis, whether they fail to comply with relevant accow]ting requirements under section 396 of the Compani&s Act 2006,or are not consistent with the Charities SORP (FRS 102) any matter which the examiner believes should be drawn to the attention of the reader to gain a proper understanding of the accounts. Susan Lewis FCCA 6 Park Road Newbridge NewporL NP I14RF Date: 29th A ri12025 Page I
WEST LONDON FAMILY CHURCH BALANCE SHEET AS AT 31ST DECEMBER 2024 Notes Unrestrieted Restricted Funds Funds 2024 Total Funds 2024 Total Funds 2023 2024 FIXED ASSETS 690,000 690,000 690,000 690,000 690,000 690,000 CURRENT ASSETS Prepayments Cash at Bank Cash in Hand 33,884 65 33,949 33,884 65 33,949 33,766 69 33,835 CURRENT LIABILITIES- Amounts falling due within one year 12 1,674 1,674 32,?75 1,674 1,674 32,275 2,660 2,660 3[,175 NET CURRENT ASSETS/LlABILITIES TOTAL ASSETS LESS CURRENT LIABILITIES 722,275 722,275 721,175 LONG TERM LIABILITIES Amounts falling due after more than one year NET ASSETS £722,275 £0 £722,275 £721,175 FUNDS Accumulated Fund Designated Fund Other Funds 722,275 722,275 721,175 TOTAL FUNDS £722,275 £0 £722,275 £721,175 Page 2
WEST LONDON FAMILY CHURCH BALANCE SHEET AS AT 31ST DECEMBER 2024 The cotllpany is entitled to ¢xempti4)n provided by s477 Companies Act 2006 for the year ended 31 st Decemb¢Y 2024. Trustees Res onsibilities Tlie meinbers have not required the company to obtain an audit of these accounts for the year ended 3 1st Decembei 2024 in a¢wrdance with s476 of the Companies Act 2006. The trustees acknowledge their responsibilities for: (a) ensuring that the company k¢eps accounting records that comply with &8386 and 387 Compankes Act 2006 and {b) pi"eparing fmancial statcments which give a tn]e and fair view of the state of affairs of the conipany at the end of each fmancial year and of its pi'ofit alld loss for each finanLial year in accordance with requireinents of sections 394 and 395 and which otherwise comply with thc requircments of the Companies Act 2006 relating to financial statements, so far as applicable to the company. These accounts have been Prepared in a¢¢ordance with thc provisions applicable to companies subject to the small companies regime and wilh the Financi&l Reporting Standard for Sn]all¢r Elltities (effective january 2015) The financial statements were approved by ibe diTectors o and were signed by i.(.......MA.f.....I02.f,,.. Mr Bernhai'd Steeiikamp (Chairman) Mr Laureiice O'Brien (Dtrector) Page 2
WEST LONDON FAMtLY CHURCH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024 Notes Unrestricted Restricted Funds Fund 2024 2024 Total Funds 2024 Total Funds 2023 Incoming Resources Voluntary Income Activities Incon 59,713 17.135 59,713 17,135 58,463 14,670 Total Incoming Resources 76,848 76,848 73,133 Resources Expended Direct Charitable Expenditure Education and Training Conmlunity Gifts Propeity 52,61 I 2,947 3,700 5,164 64,422 52,611 2,947 3,700 5,164 64,422 52,903 1,824 1,800 5,651 62,178 10 Management And Administration Administration 11,326 11,326 12,029 11,326 11,326 12,029 Other Expellditure Other Resources Expended 75,748 7S,748 74,207 Net incoming OUrc&S before transfers 1,100 1,100 -1,074 Net Movement In Funds for yeAr Fund Balances brought forward 1,100 721,175 1,100 721,175 -1,074 722,249 Fund Balances carried forward £722,275 £0 £722,275 £721,175 Page 3
WEST LONDON FAMtLY CHURCH INcOlE ANDEXPENDITURE ACCOUNT FOR THE YEAR ENDF,D 31ST DECEMBER 2024 Notes Unrestricted Funds 2024 Total Funds 2023 TURNOVER Voluntary Income Activities Income 59,713 17,135 58,463 14,670 76,848 73,133 Administs'ative Expenses 75,748 74,207 Operating Surplus/-Deficit 1,100 -1,074 Other Operating Income Interest Receivable Inteiest Payable and S imilar Charges Surplusl-Defecit on ordinary activities before taxation 1,100 -1,074 T&x on ordinary Activities 14 Surplusl-Defecit on ordinydry activities after taxation Retained SUrpli (-deficit) broiisht forward 1,100 -1,074 121,175 122,249 Retained Surplus (-deficit) carried forward Revaluation Reserve 122,275 600,000 121,175 600,000 722,275 721,175 Page 4
WEST LONDON FAMILY CHURCH NOIES TO THE ACC.OUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024 West London Family Church is a charitable company lin]ited by guarantce and registered witb Companies House and the Charities Commission. The coinpany is controlled by the directors, who are also the charity tnistees. ACCOUNTtNG POLICIES The following accouiitiiig policies have been used consistently in dIllg with items which are considered niaterial in relation to the fmancial statements. Accountin Convention The financial statements have been pi'epared under the histoi'ical cost convention other than certain freehold propety which is illcluded at valuation. In preparing the fancIal statements the charity follows best practice &s laid down in the Statement of Recommended Practice Accounting and Reporting by Charities (revised 2005) and the Charities Act 1993. Incoinin Resources Voluntary income is received by way of donations and gifts and is included in incoining resources when these e receivable. Intei'est receivable is included when it is received. esources Ex ended Resources expended are included in the Statement of Financial Activities on an accruals basis, inclusive of any Value Added Tax which cannot be recovered. reciation Freehold Land and Buildin Depi"eciation is only provided on freehold land and buildings where the TNstees consider that the remaining useful life is less than 50 years. The rate of depreciation is 2 % on a straight line basis. ui 11]iture fixtures and fittiEi s and Motor Vehicles Depreciation has been charged at 200/0 per annum on a straight line basis. Taxation As a registered charity the Church benefits from l'ates relief and is genei'ally exempt from Income Tax and Capital Gains Tax but not fi'om Value Added Tax. Irrecoverable Value Added Tax is included in the cost of those items to which it relates. Income tsx recovered Oll deeds of covenants and Gift Aid donatioiis are credited to the general unrestricted funds. Fund Accountin l. Unrestricted funds compiise those funds which the Trustees are free to use in accordance with the charitable objects. 2. Designated funds are unrestricted funds earn]arked by the tsusteas for particular puryoses. 3. Restricted funds are funds which have been given for particular purposes. The restriction being placed by the donor. Page 5
WEST LONDON FAllLy CHURCH NOTE I . TANGIBLE FIXED ASSETS AS AT 31ST DECEMBER 2024 DEPRECIATION METHOD -'STRAIGHT LINE,. DEPRECIATION ANNTUAL RATES:_ LAND & CHArrELS INSTRhrr OFFICE MOTOR BUILDINC FITTINGS AiT)IO TOTAL COST Opening balance Disposals Additions 690,000 550 2,980 693,530 CLOSING BALAN 690,000 550 2,980 693,530 DEPRECIATION Opening balance Disposals Charge for year 550 2,980 3,530 CLOSING BALANCE 550 2,980 3,530 NET BOOK VALUE At beginning of year £690,000 £0 £0 £0 £0 £690,000 At end of ye £690,000 £0 £0 £0 £0 £690,000 Page 6
WEST LONDON FAMILY CHURCH NOTE 3 CAPITAL FUNDS OPENING BALANCE INFLOW OUTFLOW CLOSING BALANCE Restricted Restricted Funds Transter To Accumiilated Unrestricted Accumulated Fund Transfer Froin Restricted 721,175 76,848 75,748 722,275 721,L75 76,848 75,748 722,275 TOTAL £721,175 £76,848 £75,748 £7?2,275 NOTE 4 INCOME GENERAL Uni'e$(ricted Restricted TOTAL 2024 TOTAL 2023 2024 2024 VOLUNTARY INCOME Tithes & Ofterings HMRC- Gift Aid Rebate Gifts Other Income Special Collections INCOME b]IOM ACTIVITIF.8 Propety Income Conferences / Trips 50,301 8,264 50,301 8,264 52,449 5,464 50 1,148 1,148 500 17,135 17,135 14,670 TOTAL £76.848 £0 £76.848 £73,133 Page 7
WEST LONDON FAMtLY CHURCH NOTE 5 INVESTMENT tNCOME Investtnent income was derived from surplus funds being placed on short term deposit with the bank. NOTE 6 OTHER INCOME NOTE 7 EDUCATION AND TRAINING Unrestricted Restricted TOI'AL 2024 TOI'AL 2023 2024 2024 Training and Teaching VÉsiting Ministy Teaching Resources Ministry Resoiirces Books l Bibles Child Protection TOTAL 49,332 49,332 49,639 824 1,765 495 195 £_52,611 824 1,765 495 195 £52,611 968 1,625 425 246 £52,903 £0 NOTE 8 CoTrUNITy Uureslritted Restricted 2024 TOTAL 2024 TOTAL 2023 2024 Travel Subsisteiice and AccoiTllnodation Food and Catering Functions Fellowship Support Fellowshi Recreation TOTAL 1,615 1,332 1,615 1,332 909 835 80 £2,947 £0 £2,947 £1,824 Page 8
WEST LONDON FAMILY CHURCH NOTE 9 GIFrs Unreslricted Restricted TOTAL 2024 TOTAL 2023 2024 2024 Overse&s UK Missions Needy Organisations Cliw'ch gifts 1'0'1'.4L 2,900 2,900 320 240 310 200 200 600 £3,700 600 £3,700 930 £1,800 £0 NOTE 10 PROPERTY Unrestilcted Restricted TOTAL 2024 TOTAL 2023 2024 2024 Repairs & Cleaning Electricity Gas Ins/Water Otlier TOTAL 713 1,285 I,774 I,39? 713 1,285 1,774 1,392 1,430 640 2,175 1,406 £5, IC)4 £0 £5,164 £5,65 I NOTE 11 MANAGEMENT AND ADIKtNISTRATION Unre5tricled Restricted 2024 TOTAL 2024 TOTAL 2023 2024 Postage statioiiery & Office Sundries Telephone Subs/Licences Office Adinistration & Equipment Pension Costs ( N&st) Professional Fees Book keeping Bank Charges Other TOTAL 398 908 523 2,260 2,651 320 2,496 398 908 523 2,260 2,651 320 2,496 31 L,263 781 1,216 2,248 2,289 2,496 25 1,680 £12,029 1,770 £11,326 1,770 £11,326 £0 Page 9
WEST LONDON FAMILY CHURCH NOTE 12 Unresteted Restricted TOTAL 2024 TOTAL 2023 2024 2024 Sundry Trade Creditors Loan TOTAL 1,674 1.674 2,660 £l.674 £0 £1,674 £2,660 NOTE 13- WAGE AND SALARIES 2024 2023 Wagas and Salaries 49,332 49,438 The average number of employees during the year was 3 (2023 - 3) No employee was paid in excess of £60,000 Page 10
WEST LONDON FAMILY CHURCH A REGISTERED CHARITY IYUMBER 1131822 A REGISTERED COMPANY NLMBER 6923418 ADDRKSS . 230 Lillic Road Fu]hn LondoLI SW6 7QA INDEX TO ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024 Page Description Independent Examiner's Report Balance Sheet Statement of Financial Activities Income and Expenditure Accouiit Notes to the Accounts 5t0 10
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WEST LONDON FAMILY CHURCH A Tegistered charity number . 1131822 FOR THE YEAR KNDED 31ST DECEMBER 2024 The report relates to fmancial statements set out from page 2 to 10. Respective responsibilitles of trustees and examiner The trustees are responsible foi. the preparation of tlie accounts. The charity's ISte&S consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act ) and that an independent examination is needed. It is my responsibility to: - F,xamine the dccounts under section 145 of the Charities Act - To follow the procedures laid down in the general Dll'ections given by the Chairity Commission (under section l45(5)(b)of die Cliarities ACL ld - To state whether particular matters have come to my attention. Basls of independent examiner's report My examination was carried out in accordance with the General Directions given by the Charity ConllnissionaE. An examination includes a review of the acColting records kept by the charity and a comparison of the accoLmts presented with those records. It also includes consideration of any Unusu lten or disclosures in the aOunts, and seeking explanations from you as trustees oncerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audi( and consequently no opinion is given &s to whether the accounts present a 'true and fair, view and the report is limited to those mattels set out in the statement below. Independent exAmlner's statement In connection with my examination, no matter has come to my attention to indicate that: accounts have not been kept in accordance with section 386 of the Compani&8 Act 2006. the accounts do not accord with such records. where accounts are prepared on an accruals b&sis, whether they fail to comply with relevant accow]ting requirements under section 396 of the Compani&s Act 2006,or are not consistent with the Charities SORP (FRS 102) any matter which the examiner believes should be drawn to the attention of the reader to gain a proper understanding of the accounts. Susan Lewis FCCA 6 Park Road Newbridge NewporL NP I14RF Date: 29th A ri12025 Page I
WEST LONDON FAMILY CHURCH BALANCE SHEET AS AT 31ST DECEMBER 2024 Notes Unrestrieted Restricted Funds Funds 2024 Total Funds 2024 Total Funds 2023 2024 FIXED ASSETS 690,000 690,000 690,000 690,000 690,000 690,000 CURRENT ASSETS Prepayments Cash at Bank Cash in Hand 33,884 65 33,949 33,884 65 33,949 33,766 69 33,835 CURRENT LIABILITIES- Amounts falling due within one year 12 1,674 1,674 32,?75 1,674 1,674 32,275 2,660 2,660 3[,175 NET CURRENT ASSETS/LlABILITIES TOTAL ASSETS LESS CURRENT LIABILITIES 722,275 722,275 721,175 LONG TERM LIABILITIES Amounts falling due after more than one year NET ASSETS £722,275 £0 £722,275 £721,175 FUNDS Accumulated Fund Designated Fund Other Funds 722,275 722,275 721,175 TOTAL FUNDS £722,275 £0 £722,275 £721,175 Page 2
WEST LONDON FAMILY CHURCH BALANCE SHEET AS AT 31ST DECEMBER 2024 The cotllpany is entitled to ¢xempti4)n provided by s477 Companies Act 2006 for the year ended 31 st Decemb¢Y 2024. Trustees Res onsibilities Tlie meinbers have not required the company to obtain an audit of these accounts for the year ended 3 1st Decembei 2024 in a¢wrdance with s476 of the Companies Act 2006. The trustees acknowledge their responsibilities for: (a) ensuring that the company k¢eps accounting records that comply with &8386 and 387 Compankes Act 2006 and {b) pi"eparing fmancial statcments which give a tn]e and fair view of the state of affairs of the conipany at the end of each fmancial year and of its pi'ofit alld loss for each finanLial year in accordance with requireinents of sections 394 and 395 and which otherwise comply with thc requircments of the Companies Act 2006 relating to financial statements, so far as applicable to the company. These accounts have been Prepared in a¢¢ordance with thc provisions applicable to companies subject to the small companies regime and wilh the Financi&l Reporting Standard for Sn]all¢r Elltities (effective january 2015) The financial statements were approved by ibe diTectors o and were signed by i.(.......MA.f.....I02.f,,.. Mr Bernhai'd Steeiikamp (Chairman) Mr Laureiice O'Brien (Dtrector) Page 2
WEST LONDON FAMtLY CHURCH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024 Notes Unrestricted Restricted Funds Fund 2024 2024 Total Funds 2024 Total Funds 2023 Incoming Resources Voluntary Income Activities Incon 59,713 17.135 59,713 17,135 58,463 14,670 Total Incoming Resources 76,848 76,848 73,133 Resources Expended Direct Charitable Expenditure Education and Training Conmlunity Gifts Propeity 52,61 I 2,947 3,700 5,164 64,422 52,611 2,947 3,700 5,164 64,422 52,903 1,824 1,800 5,651 62,178 10 Management And Administration Administration 11,326 11,326 12,029 11,326 11,326 12,029 Other Expellditure Other Resources Expended 75,748 7S,748 74,207 Net incoming OUrc&S before transfers 1,100 1,100 -1,074 Net Movement In Funds for yeAr Fund Balances brought forward 1,100 721,175 1,100 721,175 -1,074 722,249 Fund Balances carried forward £722,275 £0 £722,275 £721,175 Page 3
WEST LONDON FAMtLY CHURCH INcOlE ANDEXPENDITURE ACCOUNT FOR THE YEAR ENDF,D 31ST DECEMBER 2024 Notes Unrestricted Funds 2024 Total Funds 2023 TURNOVER Voluntary Income Activities Income 59,713 17,135 58,463 14,670 76,848 73,133 Administs'ative Expenses 75,748 74,207 Operating Surplus/-Deficit 1,100 -1,074 Other Operating Income Interest Receivable Inteiest Payable and S imilar Charges Surplusl-Defecit on ordinary activities before taxation 1,100 -1,074 T&x on ordinary Activities 14 Surplusl-Defecit on ordinydry activities after taxation Retained SUrpli (-deficit) broiisht forward 1,100 -1,074 121,175 122,249 Retained Surplus (-deficit) carried forward Revaluation Reserve 122,275 600,000 121,175 600,000 722,275 721,175 Page 4
WEST LONDON FAMILY CHURCH NOIES TO THE ACC.OUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024 West London Family Church is a charitable company lin]ited by guarantce and registered witb Companies House and the Charities Commission. The coinpany is controlled by the directors, who are also the charity tnistees. ACCOUNTtNG POLICIES The following accouiitiiig policies have been used consistently in dIllg with items which are considered niaterial in relation to the fmancial statements. Accountin Convention The financial statements have been pi'epared under the histoi'ical cost convention other than certain freehold propety which is illcluded at valuation. In preparing the fancIal statements the charity follows best practice &s laid down in the Statement of Recommended Practice Accounting and Reporting by Charities (revised 2005) and the Charities Act 1993. Incoinin Resources Voluntary income is received by way of donations and gifts and is included in incoining resources when these e receivable. Intei'est receivable is included when it is received. esources Ex ended Resources expended are included in the Statement of Financial Activities on an accruals basis, inclusive of any Value Added Tax which cannot be recovered. reciation Freehold Land and Buildin Depi"eciation is only provided on freehold land and buildings where the TNstees consider that the remaining useful life is less than 50 years. The rate of depreciation is 2 % on a straight line basis. ui 11]iture fixtures and fittiEi s and Motor Vehicles Depreciation has been charged at 200/0 per annum on a straight line basis. Taxation As a registered charity the Church benefits from l'ates relief and is genei'ally exempt from Income Tax and Capital Gains Tax but not fi'om Value Added Tax. Irrecoverable Value Added Tax is included in the cost of those items to which it relates. Income tsx recovered Oll deeds of covenants and Gift Aid donatioiis are credited to the general unrestricted funds. Fund Accountin l. Unrestricted funds compiise those funds which the Trustees are free to use in accordance with the charitable objects. 2. Designated funds are unrestricted funds earn]arked by the tsusteas for particular puryoses. 3. Restricted funds are funds which have been given for particular purposes. The restriction being placed by the donor. Page 5
WEST LONDON FAllLy CHURCH NOTE I . TANGIBLE FIXED ASSETS AS AT 31ST DECEMBER 2024 DEPRECIATION METHOD -'STRAIGHT LINE,. DEPRECIATION ANNTUAL RATES:_ LAND & CHArrELS INSTRhrr OFFICE MOTOR BUILDINC FITTINGS AiT)IO TOTAL COST Opening balance Disposals Additions 690,000 550 2,980 693,530 CLOSING BALAN 690,000 550 2,980 693,530 DEPRECIATION Opening balance Disposals Charge for year 550 2,980 3,530 CLOSING BALANCE 550 2,980 3,530 NET BOOK VALUE At beginning of year £690,000 £0 £0 £0 £0 £690,000 At end of ye £690,000 £0 £0 £0 £0 £690,000 Page 6
WEST LONDON FAMILY CHURCH NOTE 3 CAPITAL FUNDS OPENING BALANCE INFLOW OUTFLOW CLOSING BALANCE Restricted Restricted Funds Transter To Accumiilated Unrestricted Accumulated Fund Transfer Froin Restricted 721,175 76,848 75,748 722,275 721,L75 76,848 75,748 722,275 TOTAL £721,175 £76,848 £75,748 £7?2,275 NOTE 4 INCOME GENERAL Uni'e$(ricted Restricted TOTAL 2024 TOTAL 2023 2024 2024 VOLUNTARY INCOME Tithes & Ofterings HMRC- Gift Aid Rebate Gifts Other Income Special Collections INCOME b]IOM ACTIVITIF.8 Propety Income Conferences / Trips 50,301 8,264 50,301 8,264 52,449 5,464 50 1,148 1,148 500 17,135 17,135 14,670 TOTAL £76.848 £0 £76.848 £73,133 Page 7
WEST LONDON FAMtLY CHURCH NOTE 5 INVESTMENT tNCOME Investtnent income was derived from surplus funds being placed on short term deposit with the bank. NOTE 6 OTHER INCOME NOTE 7 EDUCATION AND TRAINING Unrestricted Restricted TOI'AL 2024 TOI'AL 2023 2024 2024 Training and Teaching VÉsiting Ministy Teaching Resources Ministry Resoiirces Books l Bibles Child Protection TOTAL 49,332 49,332 49,639 824 1,765 495 195 £_52,611 824 1,765 495 195 £52,611 968 1,625 425 246 £52,903 £0 NOTE 8 CoTrUNITy Uureslritted Restricted 2024 TOTAL 2024 TOTAL 2023 2024 Travel Subsisteiice and AccoiTllnodation Food and Catering Functions Fellowship Support Fellowshi Recreation TOTAL 1,615 1,332 1,615 1,332 909 835 80 £2,947 £0 £2,947 £1,824 Page 8
WEST LONDON FAMILY CHURCH NOTE 9 GIFrs Unreslricted Restricted TOTAL 2024 TOTAL 2023 2024 2024 Overse&s UK Missions Needy Organisations Cliw'ch gifts 1'0'1'.4L 2,900 2,900 320 240 310 200 200 600 £3,700 600 £3,700 930 £1,800 £0 NOTE 10 PROPERTY Unrestilcted Restricted TOTAL 2024 TOTAL 2023 2024 2024 Repairs & Cleaning Electricity Gas Ins/Water Otlier TOTAL 713 1,285 I,774 I,39? 713 1,285 1,774 1,392 1,430 640 2,175 1,406 £5, IC)4 £0 £5,164 £5,65 I NOTE 11 MANAGEMENT AND ADIKtNISTRATION Unre5tricled Restricted 2024 TOTAL 2024 TOTAL 2023 2024 Postage statioiiery & Office Sundries Telephone Subs/Licences Office Adinistration & Equipment Pension Costs ( N&st) Professional Fees Book keeping Bank Charges Other TOTAL 398 908 523 2,260 2,651 320 2,496 398 908 523 2,260 2,651 320 2,496 31 L,263 781 1,216 2,248 2,289 2,496 25 1,680 £12,029 1,770 £11,326 1,770 £11,326 £0 Page 9
WEST LONDON FAMILY CHURCH NOTE 12 Unresteted Restricted TOTAL 2024 TOTAL 2023 2024 2024 Sundry Trade Creditors Loan TOTAL 1,674 1.674 2,660 £l.674 £0 £1,674 £2,660 NOTE 13- WAGE AND SALARIES 2024 2023 Wagas and Salaries 49,332 49,438 The average number of employees during the year was 3 (2023 - 3) No employee was paid in excess of £60,000 Page 10