Charity regi5tratlon number.. 1140110 Woodside Green Christian Centre Annual Report and Flnancial Statements lor the Year Ended 31 Oetember 2023 Field Sullivan Limlted 9 Hare & Billet Road Blackheath SE3 ORB
Woodslde Green Christlan Centre Contents Icontinuedl Reference and Administrative Details Trustee5' Report 2to4 Independent Examinels Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 8t016
Woodside Green Chrlstian Centre Reference and Administrative Deta115 Trustees stephen Holmes Gareth Roderid¢ Isaac Achearnpong Melvin George 1140110 Charity Registratlon Number Prlnclpal Office Hermitage Lane Woodslde Green Soth Norwood London SE25 SHH Independent Examlner Fleld Sullivan Limited 9 Hare & Blllet Road 8lackheath SE3 ORB Sollcltois Wellers Law Group Tenison House Tweedy Road Bromlev Kent BRI 3NF Bankers Bank of Scodand The Mound Edlnburgh EHI IYZ Bardays Bank PLC I Churchlll Place London E145HP Royal Bank of Scotland Croydon 117-119 North End oydon CRO ITL Page I
Wood5ide Green Chrlstlan Centye Trustees, Report The Trustees present their report and accounts ol the Charlty for the year ended 31 December 2023. Structure and Mana8ement The management of the trust remains the same with Gareth Roderick, Stephen Holmes, Melvin George and Isaac Acheampong continued as trustees. The trust is the property holdlng entity that permits the use of the facilities of Woodside Green Christian Centre. Those facilities were used in the manner directed by the entire leadershlp team whlch consisted of two Trustees together wlth two others. The trust deed is the governing document, by which in the final analysis, decisions are regulatÈd. The day-to-dav business of the church is organlsed by subdividing the activities of the churth and rnemb&rs ol the leadership team take responsSbility for each area. The Church 15 financed as to its routine actSvities by contrfbutions from its mernbers and by hiring out the premises to outslde group5. The trustees malntain oversight ol the financial affalrs so as to be able to hold unrestricted reserves to cover normal expendlture lookinB forward 3 months. ExtraordSnary expendlture is dealt with on an ad hoc basis. The Church may be descrlbed as an evangelical church. It does not belon8 to any particular denominatlon. For the purpose of describing its core values in the trust deed the Evangelical Alllance statement of faith was chasen. The lact remalns an appropriate yardstick by which th core values ol the church are to be descrSbed. Oblectlves and ActSvltle5 The trustees have consldered the defined nature of a charity and the publlc benefit criteria. We are satisfied that we meet those criteria. The objective ol the Trust withln the Charities Act Is the advancement of Religion. The prlmary objective of the church is of an evangellcal nature. That is to say the spread of the Christian gospel in the locality and to assist those Sn our fellowship and those known to us in practical ways. We support UK and intern3ticnal missionary and rellef ellorts. We also aetively support two children's summer camps organisations. The activities of the church dlrected to thls aim, can be seen from the church webslte www.woodsidegreencc.org.uk. The weekly actlvities can be summarlsed in the followlng way. Sunday. there are three sekvices. A communion serwce 15 normally held at 10 o'clock. A service at 11.30am directed to adults. Children's groups from age 4 to late teena8er occur at the same tirne comblning tO8@ther onee a month im a F3rnily Servlce. In the afternoon another church group makes use of the building. Durlng the week the bullding is used by a dance club. On Wednesday, morning there is a baby and toddler group and, in the evenlng, there is a prayer meeting and Bible study. Every other Friday there Is a youth group. The Women'5 group now rneet once a qu3rt&r. On Saturday other activities take place. In addltlon to the regular programme other seasonal activities take place. We allow other community groups to use the buildlnEs where possible. Progyess this year The level ol attendance and membership is stable but low and this is a concern for the Trustees. Although, there are no restrictions. thi5 seems to be the lastlng effect of COVIO. There Is a desire for the membership and level of attendance to grow. There were not as many outreach events organised as Sn previous years. Page 2
Woodside Green Christlan Centre Trustees, Report Icontinuedl Our energy costs to go up thls year as our electrlclty contract was renewed. Flnanclal Posltlon At the end ol the year, the charitV'5 linancSal position 15 healthy. We have managed to significantly p3y down the debt on the bulldlng and the outstanding mortg38e is affordable. All other costs are also being met by the income recelved. There is no specllic policy in regards reserves. All funds collected for spealic purposes (such as giving to missionariesl is paid out to the relevant parties. The rest Is used to cover the expenses ol the charlty. The ch3rity will be able to continue as 8 going concern. Most donations continue to be given electronlcally rather than vla cash. Although we still do receSve cash donations. Alms for next year We contlnue to face maintenance and repair costs, In particular with regard to the roof and other external parts of the buildlng. We expect to cover such costs with the existln8 income. To improve how storage is used wSthin the building and make better use of the space we have. To conéuct more outreach events and to see our membership grow. Trustees and officers The trustees and officer5 serving durlng the year and SIn the year end were as follows.. Trustees.. stephen Holmes Gareth Roderick Isaac Acheampong Melvin George Page 3
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Woodslde Green Chrlstlan Centre Independent Examiner'5 Report to the trustees of Woodslde Green Christlan Centre I report to the charity trustees on my examination of the accounts ol the charity for the year ended 31 December 2023 whlch comprise the Statement ol Flnancial Activities, the Balance Sheet and related notes. This report is made solely to the charlty's trustees. as a body, in accordance with section 145 of the Charitie% Act 2011. My work has been undertaken so that I might state to ihe charity's trustees those matters 1 am required to state to them in thls report 3nd for no other purpose. To the lulle5t extent permitted by law, I do not accept or assurne responsibility to anyone other than the charity and the charity's trustees as a body, for my work, lor this report, or for the opinions I have formed. Responsibilities and basls of report As the charity Irustees of Woodslde Green Christian Centre you are responsible for the preparation ol the accounts in aeeordance with the requirement5 01 the Charities Art 20111'the Act'l. I report in respect of my ex3mination of the Woodside Green Christian Centre's accounts tarried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Direct(ons Elven by the Charity Commission under section 14515llbl of the Act. An independent eK3rnination does not involve 8athering all the evidence that would be requlred in an audit and consequently does not cover all the matters that an auditor considers in giving thelr oplnion on the flnancl31 ststements. The plannln8 and conduct of an 3udit goes beyond the Ilmlted assurance that an Independent examination can provide. Consequently l express no opinion as to whether the financial ststements present a 'true and fail view and my report is limited to those specllic matter5 set out In the independent examinels statement. Independent èxaminef'S Statement I have completed my eKamlnation. I conflrm that no material matters have come to my attention In connection wlth the examlnation giving me cause to belleve that In any material respect.. l.accountln8 records were not kept in respect of Woodside Green ChrSstian Centre as required by sectlon 130 of the Act,. or 2.the financlal statements do not accord with those recordg; or 3.the financial statements do not comply with the accountin8 requirements Concerning the form and content ol accounts set out in the Charities IAccounts 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 connectlon with the examination to whith attention should be drawn in thls re rt in order to enable a proper understanding of the accounts to be reached. TIM Sullivan FCA Field Sullivan LlmSted 9 H3re & Billet Road 81ackheath SE3 ORB Page S
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Woodsldo GreÈn thrlstlan Centro IRpg55tratlu# numbtr.. 11401101 BalaTrce Sheet as at 31 December Z023 2U22 Fliéd assots assets io 955.415 977,2113 CurrEl45Fes Debl4f5 CJih 3t banfr In hand 9.213 J8.632 6L072 49.474 tièdlroys.. Affl7WiS falllni duèwllhln cno y4 13 Ntt centaSet$ Al.488 24.?Sl 996.9( i.r$.555 c[¢d0T5..QUntllllThg duq Jftetmtsi• than onq 14 16&8471 94rt.668 Tr3&10# Fundj of tbe ¢hbttty. $trlctd In¢Dmi Ivnds 47.298 47,79¥ UnrE¥lrlrLEd lrtcome l¥nd3 Vttrfj5trldei4 IuDds 89?.370 LI.81 T¢Jtsl IndS 15 94d.66 938,108 The Iln3nrj.Il giiizprnpnfs on p?8P.5 6 In J6 wpre iPP¥oved by the inisiop.% Iw i&actobv.f IU2A dhd ih¥ir b¥&Ib¥. Siophoh Nolmes Tho rtni¢¥ on p48e% 8 In 16foirn in Inte1 part ot Ilnqnubl 114temP.n*¥. pige I
Woodslde Green Chrlstlan Centve Notes to the Flnancial Statements forthe Year Ended 31 December 2023 I Charlty status The charlty 15 domlclled in England and Wales. The address of Its registered Offi is-. Herfnitage Lane Woodside Green SE25 SHH 2 Accountlng pollcles Statemènt of compllance The financial statements have been prepared In accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice appllcab1e to charities preparing their account5 in accordance wlth the Financlal Reporting Standard applicable in the UK and Republic ol Ireland IFRS 10211@Ilective l January 20191 Icharltles SORP IFRS 1021- Second edition October 20191, the Financial Reporting Standard applicable in the UK and Repub15c of Ireland IFRS 1021. They also comply with the Companies Act 2006 and ChaTities Act 2011. Basls of preparztlon Woodside Green ChrSstian Centre meets the definition of a public benefit entlty under FRS 102. The accounts Ifinanclal ststementsl have been prepared under the historical cost convention wlth items recognised at C05t or transaction valve unless otherwise stated in the relevant notelsl to these accounts. Judgements and key sourtes of e5tlmatlon uncertalnty In the appllcation of the charlty's accountin8 policies. the trustees are required to make judgements, estimates and assumption5 about the c3rrylng amount ol assets and Ilabilities that are not readily apparent from other Sources. The estimate5 and assoclated assumptions are based on historical experience and other facto¥s that afe considered to be relevant. Actual results may differ from these estimate5. The estimates and underlylng assumptions are reviewed on an ongoing basls. Revlslons to accountln8 estimates are recognlsed in the perlods in which the estimate is rew5ed where revlslons allects only that period, or in the perlod of the rev151on and future periods where the revisions affects both current and future perlods. Income and endowments Voluntary incorne including donations. gilts, legacies and grants that provide core funding or are of a general nature is recognised when the charSty has entltlement to the income, It is probable that the income will be received and the amount can be measured with sufficient reliability. Donutlons and legticle5 Donations and legacies are recognised on a recelvable basis when retelpt Is probable and the amount can be rellably rne3sured. Page 8
Woodslde Green Chrlstlan Centre Notes to the Flnanclal Statements for the Year Ended 31 De¢embeY 2023 {continued) Investmetrjt income Dividends are recognised ontt the dividend has been declared and notification has been received of the dividend due. Expenditure AIS expenditure is recognised once there Is a legal or constructive obligarlon to that expenditure, it is probab5e settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expendituTe headin8 that a8gre8ate Similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consSstent with the use of resources. with centr315taff costs allocated on the basis of time spent, and depreciation charges allocated on the portlon ol the asset's Use. other support costs are allocated based on the spread of staff costs. Chnrituble gctivities Charltable expenditure comprises those costs incurred by the charity in the delivery of its activitles and services lor its beneficiaries. It includes both costs that can be allocated d5rectly to such activities and those costs ol an indirect nature necessary to support them. 6mntprowslons Provisions for grants are made when the Intention to make a grant ha5 been communicated to the reclplent but there is uncertalnty about elther the tlmlng of the 8rant or the amount of grant payable. Support ¢osts Support costs Inc5ude central functions and have been allocared to activity cost categoThes on a basis conslstent with the use ol resources, for example, allocating property costs by floor 3reas, or per capita, staff costs by the time spent and other costs by their usage. Taxatlon The £harity is considered to pass the tests set out in Paragraph I Schedule 6 01 the Finance Act 2010 and therefore it meets the definitlon of a charftsble company for UK corporatSon tax purposes. Accordingly, the charity Is potentially exempt from taxation in respect of income or capital galns received withSn categorles covered bv Chapter 3 Part 11 ol the Corporation Tax Act 2010 or Sectlon 256 of the Taxat1on of Chargeable Gains Act 1992, to the extent that such incom& or gains are applied exclusively to charltable purposes, Tangible Ilxed assèts Individual flxed assets costing £200 or more a SnitI311y recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impaimient losses. Pa8e 9
Woodslde Green Chrlstlan Centre Notes to the Financial Statements for the Year Ended 31 December 2023 {contlnued) Depreclatlon and amortlsatlon Depreciatlon is provided on tangible fixed assets so as to write off the c05t or valuatlon, less any estimated resldu31 value, over thelr experted useful economic life as follows.. Asset class Land and buidln8S Fixtures, fittin85 and equlpment Depleclatlon method and rate 2% staight line 20% straight line Trade debtors Trade debtors are amounts due from customers lor merchandise sold or services performed in ihe ordinary course of businèss. rrade ijebtors are recognised initially at the transaction price. They are subsequently measured at amortised cost usin8 the effective interest method, less provision for impairment. A provision for the impairrnent of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts dye according to the original terms of the receivables. Cash and cash equlv31ent5 Cash and cash equivalents compdse $h on hand and call deposits, and other short-term highly Ilquid investments that are readily convertible to a known amount of cash and are subject to an insi8nlficant risk of chan8e In value. Borrowlngs Interest-bearing borrowlngs are In5tlally recorded at falr value. net of transaction costs. Interest-bearing borrowings are subsequently c3rrled at amortised cost, wlth the difference between the proceeds, net ol transaction costs, and the amount due on redernptlon being retO8nised as a charge to the Statem&nt of Financlal Actlvities over the perlod of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included In Snterest Payable and slmilar charges. Borrowin8s are classified as current liabilities unless the charity has an unconditional right to defer settlement ol the Ilabllity lor at least twelve month5 after the repolting date. Fund structure Unrestrlcted incomè funds are general funds that are available for use at the tTUStees discretion in furtherance of the oblectives of the charlty. Restrlcted Income funds are those donated lor use in a partlcular area or for 5peclflc purposes. the use of which is restricted to that area or purpose. Page 10
Woodside Green Chrlstlan Centre Notes to the Flnanclal Statements for the Year Ended 31 December 2023 Icontlnuedl 3 Income from donatlons and legatles Unrestrlcted funds General Total 2023 Total 2022 Donatlons and legacies- Donatlons from indlviduals Gift aid reclalmed 37.994 9,912 37,994 9.912 38,266 406 47,906 47,906 38,672 4 Investment Income Unrestricted funds General Total 2023 Total 2022 Interest receivable and simllar incame., Interest Teceivable on bank deposits 359 359 52 S Other income Unrestrlcted funds Gerberal Total 2023 Total 2022 Rental Sncome 34.523 34.523 24.000 Page 11
Woodside Green Chrlstlan Centre Notes to the Flnanclal Statements for the Year Ended 31 December 2023 Icontinuedl 6 Expendlture on charltable activities Total 2023 Total 2022 Depreciation of freehold property Depreciation of fixtures and flttlrtgs Premlses costs 21.300 488 21,300 656 30,617 9,143 776 18,644 9,402 1,229 4,027 440 Insurance Charitable dot)ations Loan InteSt S,310 946 Sundries Grants to individuals Grants to institution5 3,815 2,096 General church activities 712 6,936 Support costs 15,890 76.228 77,499 7 Anatysis of support costs Tal 2023 Total 2022 Rental property management Repairs and malntenance Independent Éxaminer Bank charges 3,131 1,291 2.483 31 1,593 11,527 2,574 196 6,936 15,890 Page 12
Wood51de Green Christlan Centre Notes to the Flnancial Statement5 for the Year Ended 31 December 2023 {continuedl 8 Trustees remuneratlon and expenses No trusteès, nor any persons connected wlth them, have received any remuneration from the charity during the year. No trustees have received any relmbursed expenses or any other benefits from the charity durlng the year. 9 Taxatlon The charity is a registered charity and is therefore exempt from taxation. 10 Tangible fixed a55ets Land and buildings Furnlturè and equlpment Total Cost At l January 2023 Disposals 1.282,534 39,472 11,1761 1,322,006 11,1761 At 31 December 2023 1.282.534 38,296 1,320,830 Depreciatlon At l January 2023 Charge for the year Eliminated on disposals 306,544 21,300 38,259 344,803 21,788 11.1761 11,1761 At 31 December 2023 327,844 37,571 365,415 Net book Wdlue At 31 December 2023 954,690 725 955,415 At 31 December 2022 975,990 1,213 977,203 11 Debtors 2023 2022 Pr&payrnents Other debtors 2,730 19,710 9.243 22.440 9,243 Page 13
Woodslde Green Chrlstlan Centre Notes to the Financial Statements for the Year Ended 31 De¢ember 2023 (contlnued) 12 Cash and cash equlvalents 2023 2022 Cash at bank 38,632 40,231 13 Creditors.. amounts falllng due wlthln one year 2023 2022 8ank loans 1S,0(J) 2,148 2,436 Is,000 2,148 2,574 Other credltors Accruals 19,584 19,722 14 Credltors.. amounts falllng due after one year 2023 2022 Bank loans 52,235 68,847 15 Funds Balance at I January 2023 Incomln8 resources Resource$ expended Balan at 31 Decernber 2023 Current Yéar Unresirlcted Generol General Funds 890.810 82.788 176.2281 897,370 Restrlcted Building Fund Suppport for Christian workers and organlsations 46,711 46.711 587 587 47,298 47.298 Total fund5 938,108 82.788 176,2281 944,668 Page 14
Woodslde Green Chrlstlan Centre Notes to the Financlal Statements for the Year Ended 31 December 2023 Icontlnuedl Balance at I January 2022 Incomlng resources Resources expended Balance at 31 December 2022 Prlor Year Unrestricted Generol General Funds 905,585 62,724 177,4991 89),810 Restrlcted uilding Fund Suppport for Christian workers and or8anisations 46.711 46,711 587 587 47,298 47,298 Total funds 952,883 62,724 177.4991 938,108 The specific purposes for which the funds are to be applied are as follows.. Buildlng fund- funds for the eonstructlon and fitting out of the new centre. Support for thstIan workers and organlsatlons funds to provlde support for these peoplè and organisatlons in the UK and abroad. 16 Analyslg of net asseis betwèéh fvnds Unrestrlcted funds Gener31 Total funds at 31 December 2023 Restricted tunds Currentyear Tangible fixed assets Current assets 908,704 60,485 119,5841 152.2351 46,711 587 955,415 61,072 119,5841 152,2351 Creditors over l year Total net assets 897,370 47,298 944,668 Page 15
Woodside Green Chrlstian Centre Notes to the Financlal Statement5 for the Year Ended 31 December 2023 (continued) Unrestrlcted funds General Total funds at 31 December 2022 Restrl¢ted funds Pylor year Tangible fixed 8SSets Current assets 930,492 48.887 119.7221 168,8471 46.711 587 977,203 49,474 119,7221 168,8471 Creditors over I year Total net assets 890,810 47,298 938.108 17 Related party tran5actlOllS There were no related party transactlons in the year. Page 16