Waterford House Evangelical Free Church Registration Number 1151599
Trustees' Annual Report for the year ending 31st December 2022
Trustees for the year 2022 Mr. Adrian Tribe pastor Mr. Norman Hopkins elder Mr. Peter Adams elder Mr. Paul Chandler elder Mr. Martin Earle deacon Mr. Andrew Silver deacon Mr. Barry Smallman deacon Mr. Robert Sutton deacon Mr. Kevin Tomaschek deacon The trustees are appointed by the church members.
Objectives
The principal object of the charity is the advancement of the Christian faith according to Holy Scripture and in accordance with the principles of the reformed faith and the church's Doctrine as stated in the Trust Deed.
The charity may also support other charitable works in the United Kingdom and in other parts of the world in furtherance of this principal object.
Ongoing Activities
1/ The church has continued to maintain the premises at 101 Rede Court Road, Strood for public worship and other activities, and to employ Mr. Adrian Tribe as Pastor.
2/ Two worship services each Sunday and a Bible study and prayer meeting on Tuesday have been maintained at the church premises and through online facilities.
3/ Meetings for men and women were held monthly at the church premises.
4/ The Sunday School, Wednesday Club (for young children), Friday 101 (a club for young people), Waterford Youth (a club for older teenagers) and Holiday Bible Club (for local children) continued during the year.
5/ A free coffee and cake morning for the local community and their children was held at the church premises once a month.
6/ The church continued to encourage the advancement of Christianity at home and abroad by support for - Christian Prison Resources The European Mission Fellowship (EMF) Pastor Training International United Beach Missions Middle East Reformed Fellowship Christian Books Worldwide Grace Ministerial Academy Proclamation Institute Zambia Grace Baptist Missions Universities and Colleges Christian Fellowship relay programme (Hannah Silver support) Good News For Everyone
Romanian Ministries
7/ The church has encouraged the practical expression of Christian charity by supporting - The Falconer Trust (running an orphanage in Zambia)
Christian Compassion Ministries (working with street children in Manila) Pastor Jose Rodrigues (Portuguese EMF missionary) children’s summer camp Caring For Life (a charity based in Leeds which supports at risk and hurting people and the homeless)
EMF Ukrainian Emergency Appeal Tear Fund
Public Benefit
1/ The trustees have taken the public benefit guidance issued by the Charity Commission into account when making their decisions.
2/ The local community have benefited by the opportunity for Christian worship and prayer, and access to Christian instruction and counselling in the services, bible studies and men's and women's meetings either at the church premises or via the online facilities.
3/ Children and young people in the neighbourhood have benefited from the Sunday School, Wednesday Club, Friday 101, Friday Youth and Holiday Bible Club.
4/ Those in prison in England and Wales have benefited from the Christian instruction provided by our support for Christian Prison Resources.
5/ In other parts of the world our support for Christian missions has brought the benefits of Christian instruction and education.
6/ Impoverished children in Zambia and Manila have benefited from our support of the Falconer Orphanage and the works of Christian Compassion Ministries. Persecuted Christians have benefited from the support of the Middle East Reformed Fellowship.
Children from poor families in Portugal have benefited from our support of a summer camp which was run by pastor Jose Rodrigues (EMF missionary).
At risk and hurting people and the homeless in Leeds have benefited from our support of the Caring For Life charity.
Financial Review
Total income for the year was £82,142.24 Total expenditure for the year was £112,739.48
Reserves Policy
The trustees shall seek to maintain a reserve sufficient to ensure the smooth running of the church and to cover the cost of necessary maintenance. The trustees believe a sum of between £15,000 and £25,000 will achieve this aim.
The reserves shall be reviewed periodically at trustee meetings. At 31[st] December 2022 the total reserves stood at £27,054.43.
Our income was lower this year due to the death of several members. Our expenditure was higher due to the bequests, from last year, being used for some major projects. Our expenditure has been reviewed to ensure it doesn’t exceed our income in the future.
Nevertheless, the trustees consider it right to maintain the reserve at its present level.
Serious Incidents
There have been no serious incidents during the year that should have been reported to the Charity Commission.
Receipts and Payments Accounts 2022
| 2022 | 2021 | |||
|---|---|---|---|---|
| Last | ||||
| Receipts | Unrestricted | Restricted | Total | Year |
| Funds | Funds | Funds | ||
| Personal Giving | 67318 | 67318 | 69923 | |
| Inland Revenue - Gift Aid | 13891 | 13891 | 13399 | |
| Bank Accounts - Interest | 201 | 201 | 2 | |
| Hire of Hall | 0 | 0 | 0 | |
| Special Offerings | 731 | 731 | 169 | |
| Legacies | 0 | 0 | 30000 | |
| Sub Total | 81410 | 731 | 113493 | |
| Payments | ||||
| Building | 20431 | 20431 | 7763 | |
| Activities | 3783 | 3783 | 3993 | |
| Support | 44587 | 44587 | 37038 | |
| Gifts | 3349 | 3349 | 2323 | |
| Pastorate | 37258 | 37258 | 35551 | |
| Visiting Speakers | 2601 | 2601 | 1580 | |
| Speacial Offerings | 731 | 731 | 169 | |
| Sub Total | 112009 | 731 | 112740 | 88417 |
| Asset and investments purchased | 0 | 0 | 0 | 0 |
| Total Payments | 112009 | 731 | 112740 | 88417 |
| Net of receipts/payments | -30599 | -30599 | 25076 | |
| Transfer between Funds | 0 | 0 0 | 0 | |
| Cash Fund last year ended | 58057 | 0 0 | 58057 | |
| Cash Fund this year ended | 27446 | 0 0 | 27446 |
| Cash Funds | Unrestricted | Restricted |
|---|---|---|
| Funds | Funds | |
| Barclays | 6599 | |
| Lloyds | 0 | |
| COIF | 20847 | |
| 27446 | ||
| Assets | ||
| Building | 71000 | |
| Furnishings and Equipment | 10000 | |
| 81000 |