Charity registration number: 1140110
Woodside Green Christian Centre
Annual Report and Financial Statements for the Year Ended 31 December 2022
Field Sullivan Limited 9 Hare & Billet Road Blackheath SE3 0RB
Woodside Green Christian Centre
Contents (continued)
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 to 15 |
Woodside Green Christian Centre
Reference and Administrative Details
| Trustees | Stephen Holmes |
|---|---|
| Gareth Roderick | |
| Isaac Acheampong | |
| Melvin George | |
| Charity Registration Number | 1140110 |
| Principal Office | Hermitage Lane |
| Woodside Green | |
| South Norwood | |
| London | |
| SE25 5HH | |
| Independent Examiner | Field Sullivan Limited |
| 9 Hare & Billet Road | |
| Blackheath | |
| SE3 0RB | |
| Solicitors | Wellers Law Group |
| Tenison House | |
| Tweedy Road | |
| Bromley | |
| Kent | |
| BR1 3NF | |
| Bankers | Bank of Scotland |
| The Mound | |
| Edinburgh | |
| EH1 1YZ | |
| Barclays Bank PLC | |
| 1 Churchill Place | |
| London | |
| E14 5HP | |
| Royal Bank of Scotland | |
| Croydon | |
| 117-119 North End | |
| Croydon | |
| CR0 1TL |
Page 1
Woodside Green Christian Centre
Trustees' Report
The Trustees present their report and accounts of the Charity for the year ended 31 December 2022.
Structure and Management
The management of the unincorporated charity remains the same with Gareth Roderick , Stephen Holmes, Melvin George and Isaac Acheampong continued as trustees. The trust is the property holding entity that permits the use of the facilities of Woodside Green Christian Centre. Those facilities were used in the manner directed by the entire leadership team which consisted of three Trustees together with two others. New trustees are decided by the Woodside Green Christian Centre Overseers. They are to be decided in agreement by all with no one person having the entitlement to appoint one or more trustees.
The trust deed is the governing document, by which in the final analysis, decisions are regulated. The day-to-day business of the church is organised by subdividing the activities of the church and members of the leadership team take responsibility for each area. The Church is financed as to its routine activities by contributions from its members and by hiring out the premises to outside groups. The trustees maintain oversight of the financial affairs so as to be able to hold unrestricted reserves to cover normal expenditure looking forward 3 months. Extraordinary expenditure is dealt with on an ad hoc basis. The Church may be described as an evangelical church. It does not belong to any particular denomination. For the purpose of describing its core values in the trust deed the Evangelical Alliance statement of faith was chosen. The fact remains an appropriate yardstick by which the core values of the church are to be described.
Objectives and Activities
The trustees have considered the defined nature of a charity and the public benefit criteria as set out by the Charity Commission. We are satisfied that we meet those criteria. The objective of the Trust within the Charities Act is the advancement of Religion. The primary objective of the church is of an evangelical nature. That is to say the spread of the Christian gospel in the locality and to assist those in our fellowship and those known to us in practical ways. We support UK and international missionary and relief efforts. We also actively support two children’s summer camps organisations. The activities of the church directed to this aim, can be seen from the church website www.woodsidegreencc.org.uk.
The weekly activities have changed slighted over the past year and can now be summarised in the following way. Sunday, there are three services. A communion service is normally held at 10 o'clock. A service at 11.30am directed to adults. Children’s groups from age 4 to late teenager occur at the same time combining together once a month in a Family Service. In the afternoon another church group makes use of the building. During the week the building is used by a dance club. On Tuesday the women's fellowship meets. On Wednesday, morning there is a baby and toddler group and, in the evening, there is a prayer meeting and Bible study. Once a month on a Friday there is a youth group. On Saturday other activities take place. In addition to the regular programme other seasonal activities take place. We allow other community groups to use the buildings where possible.
Progress this year
The continued drop in membership and lower attendance is a concern for the Trustees. Although, there are no restrictions, this seems to be the lasting effect of COVID. There were more outreach events organised than in previous years and the plan is for this to be the model going forward.
Despite the general cost of energy going up, our energy costs have remained steady in comparison to previous years. We expect the our energy costs to go up next year when our contract is up for renewal.
Page 2
Woodside Green Christian Centre
Trustees' Report (continued)
Sadly, we have had several members pass away during the year.
Financial Position
At the end of the year, the charity’s financial position is healthy. We have managed to significantly pay down the debt on the building and the outstanding mortgage is affordable. All other costs are also being met by the income received.
There is no specific policy in regards reserves. The amount of reserves held at the year end can be found in the balance sheet. All funds collected for specific purposes (such as giving to missionaries) is paid out to the relevant parties. The rest is used to cover the expenses of the charity. The charity will be able to continue as a going concern.
Most donations continue to be given electronically rather than via cash. Although we still do receive cash donations.
Aims for next year
We continue to face maintenance and repair costs, in particular with regard to the roof and other external parts of the building. We expect to cover such costs with the existing income.
To improve how storage is used within the building and make better use of the space we have.
To conduct more outreach events and to see our membership grow.
Trustees and officers
The trustees and officers serving during the year and since the year end were as follows:
Trustees: Stephen Holmes Gareth Roderick Isaac Acheampong Melvin George
The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:
......................................... Stephen Holmes Trustee
Page 3
Woodside Green Christian Centre
Independent Examiner's Report to the trustees of Woodside Green Christian Centre
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2022 which comprise the Statement of Financial Activities, the Balance Sheet and related notes.
This report is made solely to the charity’s trustees, as a body, in accordance with section 145 of the Charities Act 2011. 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 this 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, for this report, or for the opinions I have formed.
Responsibilities and basis of report
As the charity trustees of Woodside Green Christian Centre you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Woodside Green Christian Centre's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently I express no opinion as to whether the financial statements present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner’s statement.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of Woodside Green Christian Centre as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the accounting 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.
...................................... Kirtsty Nicholls FCCA Field Sullivan Limited 9 Hare & Billet Road Blackheath SE3 0RB
Date:.............................
Page 4
Woodside Green Christian Centre
Statement of Financial Activities for the Year Ended 31 December 2022
| Note Income and Endowments from: Donations and legacies 3 Investment income 4 Other income 5 Total income Expenditure on: Charitable activities 6 Total expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 15 |
Unrestricted £ 38,672 52 24,000 62,724 (77,499) (77,499) (14,775) 905,585 890,810 |
Restricted £ - - - - - - - 47,298 47,298 |
Total 2022 £ 38,672 52 24,000 62,724 (77,499) (77,499) (14,775) 952,883 938,108 |
Unrestricted £ 69,166 3 24,240 93,409 (54,802) (54,802) 38,607 866,978 905,585 |
Restricted £ 100 - - 100 - - 100 47,198 47,298 |
Total 2021 £ 69,266 3 24,240 |
|---|---|---|---|---|---|---|
| 93,509 | ||||||
| (54,802) | ||||||
| (54,802) | ||||||
| 38,707 914,176 |
||||||
| 952,883 |
All of the charity's activities derive from continuing operations during the above two periods.
The funds breakdown for 2021 is shown in note 15.
The notes on pages 7 to 15 form an integral part of these financial statements. Page 5
Woodside Green Christian Centre
(Registration number: 1140110) Balance Sheet as at 31 December 2022
| Note Fixed assets Tangible assets 10 Current assets Debtors 11 Cash at bank and in hand 12 Creditors: Amounts falling due within one year 13 Net current assets Total assets less current liabilities Creditors: Amounts falling due after more than one year 14 Net assets Funds of the charity: Restricted income funds Restricted funds Unrestricted income funds Unrestricted funds Total funds 15 |
2022 £ 977,203 9,243 40,231 49,474 (19,722) 29,752 1,006,955 (68,847) 938,108 47,298 890,810 938,108 |
2021 £ 999,159 5,168 52,503 |
|---|---|---|
| 57,671 (19,488) |
||
| 38,183 | ||
| 1,037,342 (84,459) |
||
| 952,883 | ||
| 47,298 905,585 |
||
| 952,883 |
The financial statements on pages 5 to 15 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by:
......................................... Stephen Holmes Trustee
The notes on pages 7 to 15 form an integral part of these financial statements. Page 6
Woodside Green Christian Centre
Notes to the Financial Statements for the Year Ended 31 December 2022
1 Charity status
The charity is domiciled in England and Wales.
The address of its registered office is: Hermitage Lane Woodside Green SE25 5HH
2 Accounting policies
Statement of compliance
The financial statements have been prepared 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) (effective 1 January 2019) - (Charities SORP (FRS 102) - Second edition October 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011.
Basis of preparation
Woodside Green Christian Centre meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
Judgements and key sources of estimation uncertainty
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the periods in which the estimate is revised where revisions affects only that period, or in the period of the revision and future periods where the revisions affects both current and future periods.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
Investment income
Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
Page 7
Woodside Green Christian Centre
Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Grant provisions
Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £200 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Page 8
Woodside Green Christian Centre
Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade creditors
are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Page 9
Woodside Green Christian Centre
Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)
3 Income from donations and legacies
| Donations and legacies; Donations from individuals Legacies Gift aid reclaimed 4 Investment income Interest receivable and similar income; Interest receivable on bank deposits 5 Other income Rental income |
Unrestricted funds General £ 38,266 - 406 38,672 Unrestricted funds General £ 52 Unrestricted funds General £ 24,000 |
Total 2022 £ 38,266 - 406 38,672 Total 2022 £ 52 Total 2022 £ 24,000 |
Total 2021 £ 35,320 28,858 5,088 |
|---|---|---|---|
| 69,266 | |||
| Total 2021 £ 3 |
|||
| Total 2021 £ 24,240 |
Page 10
Woodside Green Christian Centre
Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)
6 Expenditure on charitable activities
| Depreciation of freehold property Depreciation of fixtures and fittings Premises costs Insurance Charitable donations Loan interest Sundries Grants to individuals Grants to institutions General church activities Support costs |
Total 2022 £ 21,300 656 18,644 9,402 1,229 4,027 440 3,815 2,096 - 15,890 77,499 |
Total 2021 £ 21,300 757 8,608 9,167 295 4,288 910 - - 733 8,744 |
|---|---|---|
| 54,802 |
7 Analysis of support costs
| Rental property management Repairs and maintenance Staff entertaining (allowable for tax) Independent examiner Bank charges |
Total 2022 £ 1,593 11,527 - 2,574 196 15,890 |
Total 2021 £ 5,505 - 600 2,466 173 |
|---|---|---|
| 8,744 |
Page 11
Woodside Green Christian Centre
Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)
8 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
9 Taxation
The charity is a registered charity and is therefore exempt from taxation.
10 Tangible fixed assets
| Cost 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 11 Debtors Trade debtors Prepayments Other debtors 12 Cash and cash equivalents Cash at bank |
Land and buildings £ 1,282,534 |
Furniture and equipment £ 39,472 |
Total £ 1,322,006 1,322,006 322,847 21,956 344,803 977,203 999,159 2021 £ - 82 5,086 |
||
|---|---|---|---|---|---|
| 1,282,534 | 39,472 | ||||
| 285,244 21,300 |
37,603 656 |
||||
| 306,544 | 38,259 | ||||
| 975,990 | 1,213 | ||||
| 997,290 | 1,869 | ||||
| 2022 £ 3,750 - 5,493 9,243 2022 £ 40,231 |
|||||
| 5,168 | |||||
| 2021 £ 52,503 |
Page 12
Woodside Green Christian Centre
Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)
13 Creditors: amounts falling due within one year
| Bank loans Other creditors Accruals 14 Creditors: amounts falling due after one year Bank loans 15 Funds Balance at 1 January 2022 £ Current Year Unrestricted General General Funds 905,585 Restricted Building Fund 46,711 Suppport for Christian workers and organisations 587 47,298 Total funds 952,883 |
Incoming resources £ 62,724 - - - 62,724 |
2022 £ 15,000 2,148 2,574 19,722 2022 £ 68,847 Resources expended £ (77,499) - - - (77,499) |
2021 £ 15,000 - 4,488 |
|---|---|---|---|
| 19,488 | |||
| 2021 £ 84,459 |
|||
| Balance at 31 December 2022 £ 890,810 46,711 587 |
|||
| 47,298 | |||
| 938,108 |
Page 13
Woodside Green Christian Centre
Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)
| Prior Year Unrestricted General General Funds Restricted Building Fund Suppport for Christian workers and organisations Total funds |
Balance at 1 January 2021 £ 866,978 46,611 587 47,198 914,176 |
Incoming resources £ 93,409 100 - 100 93,509 |
Resources expended £ (54,802) - - - (54,802) |
Balance at 31 December 2021 £ 905,585 46,711 587 |
|---|---|---|---|---|
| 47,298 | ||||
| 952,883 |
The specific purposes for which the funds are to be applied are as follows:
Building fund - funds for the construction and fitting out of the new centre.
Support for christian workers and organisations - funds to provide support for these people and organisations in the UK and abroad.
Page 14
Woodside Green Christian Centre
Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)
16 Analysis of net assets between funds
| Current Year Tangible fixed assets Current assets Current liabilities Creditors over 1 year Total net assets Prior Year Tangible fixed assets Current assets Current liabilities Creditors over 1 year Total net assets |
Unrestricted funds General £ 930,492 48,887 (19,722) (68,847) 890,810 Unrestricted funds General £ 952,448 57,084 (19,488) (84,459) 905,585 |
Restricted funds £ 46,711 587 - - 47,298 Restricted funds £ 46,711 587 - - 47,298 |
Total funds at 31 December 2022 £ 977,203 49,474 (19,722) (68,847) |
|---|---|---|---|
| 938,108 | |||
| Total funds at 31 December 2021 £ 999,159 57,671 (19,488) (84,459) |
|||
| 952,883 |
Page 15