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:
1. accounting records were not kept in respect of Woodside Green Christian Centre as required by section 130 of the Act; or
2. the financial statements do not accord with those records; or
3. 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