Waterford House Evangelical Free Church Registration Number 1151599
Trustees' Annual Report for the year ending 31st December 2023
| Trustees for the year 2023 | |
|---|---|
| Mr. Adrian Tribe | pastor |
| Mr. Norman Hopkins | elder |
| Mr. Peter Adams | elder |
| Mr. Paul Chandler | elder |
| Mr. Martin Earle | deacon |
| Mr. Dennis Hayes | 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, at member’s homes and through online facilities.
3/ Meetings for men and women were held monthly at the church premises.
4/ The Bible Club (for young children), 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) United Beach Missions Middle East Reformed Fellowship Grace Ministerial Academy Grace Baptist Missions Universities and Colleges Christian Fellowship relay programme (Hannah Silver support) Equipping Pastors Worldwide SASRA
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
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 Bible Club, Wednesday Club, Friday 101, Waterford 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).
Financial Review
Total income for the year was £98,402.76 Total expenditure for the year was £78,536.01
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 2023 the total reserves stood at £47,236.62.
Our total reserves are higher than the £25,000. The excess is required for two major future projects. Additional funds are required to resurface the church car park & to replace our church chairs because they are over fifty years old & require regular maintenance & repairs.
Serious Incidents
There have been no serious incidents during the year that should have been reported to the Charity Commission.
Receipts and Payments Accounts 2023
| 2023 | 2022 | |||
|---|---|---|---|---|
| Receipts | Unrestricted | Restricted | Total | Last Year |
| Funds | Funds | Funds | ||
| Personal Giving | 68261 | 68191 | 67318 | |
| Inland Revenue - Gift Aid | 15755 | 15755 | 13891 | |
| Bank Accounts - Interest | 913 | 913 | 201 | |
| Hire of Hall | 0 | 0 | 0 | |
| Special Offerings | 473 | 473 | 731 | |
| Legacies | 13000 | 13000 | 0 | |
| Sub Total | 97929 | 473 | 98402 | 82141 |
| Payments | ||||
| Building | 6955 | 6955 | 20431 | |
| Activities | 3687 | 3687 | 3783 | |
| Support | 27350 | 27350 | 44587 | |
| Gifts | 50 | 50 | 3349 | |
| Pastorate | 38702 | 38702 | 37258 | |
| Visiting Speakers | 1470 | 1470 | 2601 | |
| Speacial Offerings | 473 | 473 | 731 | |
| Sub Total | 78214 | 473 | 78687 | 112740 |
| Asset and investments purchased | 0 | 0 | 0 | |
| Total Payments | 78214 | 473 | 78687 | 112740 |
| Net of receipts/payments | 19715 | 19645 | -30599 | |
| Transfer between Funds | 0 | 0 0 | ||
| Cash Fund last year ended | 27446 | 0 0 | 27446 | |
| Cash Fund this year ended | 47237 | 0 0 | 47237 | |
| Cash Funds | Unrestricted | Restricted | ||
| Funds | Funds | |||
| Barclays | 10273 | |||
| Lloyds | 0 | |||
| COIF | 36761 | |||
| 47034 |
Assets
| Building | 766241 |
|---|---|
| Furnishings and Equipment | 78996 |
| 845237 |