REGISTERED CHARrrY NO: 1156349 COMPANY NO: 09030969 WENSKY SERVICES IACCOUNTANCY} WENSKY 35 West Quay D Yeading UB49TA V*yhV.n5kYsèrceS.O?M
| CONTENTS | |
|---|---|
| Page | |
| Trustees statement | 1 to 6 |
| Independent examiner's report | 7 |
| Statement of financial activities | 8 |
| Balance sheet | 9 |
| Notes to the financial statements | 10 - 20 |
THE WAVE LONDON MISSION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
The trustees present their reports with the financial Statements of the charity for the year ended 31 MARCH 2021.The trustees have adopted the provisions of the statement of recommended practice (SORP) Accounting and Reporting by Charities' issued in March 2005.
CHARITY INFORMATION,REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity Number: 1156349 Company No: 09030969
Address: 259 High Street Stratford London E15 2LS
Secretary: Miss Deborah Aremu
Management Committee:
Mrs Selone Ajewole (Chairperson) Mr Gbenga Ajewole (Trustee) Mr Emmanuel Akintunde (Trustee) Mrs MaryAnn Boateng (Trustee) Miss Davina Quinian (Trustee)
Bankers: Barclays PLC 1 Churchill Place London E14 5HP
The Management Committee presents its reports and accounts of the company for the year ended 31st Mar 2021. The accounts comply with the current statutory requirements, the requirements of the organisation’s Memorandum and Articles of Association, and the Statement of Recommended Practice ‘Accounting and Reporting by Charities 2005’. This report is a Directors’ Report required by S234 of the Companies Act 2006. All voting members of the Management Committee are directors.
Structure, Governance and Management
The Company incorporated as a Company Limited by Guarantee on the 8th May 2014.
It is a ‘Not for Profit’ organisation. The Company was established under a Memorandum of Association which established the objects and powers of the company is governed under its Articles of Association.
It registered as a charity on 25th March 2014. In the event of the company being wound up members are required to contribute an amount not exceeding £1.
Public Benefit
The Charity trustees have compiled with their duty to have due regard to the guidance on public benefit published by the Commission in exercising their powers or duties. This is particularly important in ensuring that projects undertaken will provide a public benefit to the community served by the charity.
Objects
The objects of the company, as set out in its Memorandum of Articles, are to advance the Christian faith in such ways and in such parts of the United Kingdom or the world as the Trustees from time to time may
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think fit; and to relieve those in need by reason of financial hardship, age, ill health, disability or other disadvantage by the provision of funds, goods or services of any kind, including through the provision of counselling and support in such parts of the United Kingdom or the world as the Trustees from time to time may think fit.
Principal Activities,
2020 Headlines & Highlights
The Wave London Mission , formerly The Rock Church London Mission is a church and faith-based charitable organisation that exists so that ‘many might be revived and restored through intimacy with the One.’ The Wave London Mission is a global-focused ministry that is intentional about both our local communities across London, and communities across the world through initiatives that help people to experience the practical love of Jesus, seeing lives transformed and hope restored.
2020 and 2021, have proven to be challenging times due to the onset of the COVID-19 global pandemic. The pandemic has impacted our operations immensely and caused us to reimagine our modus operandum, strategies and service provisions.
Also, withing this time, The Rock Church London Mission was renamed and rebranded as The Wave London Mission , following a leadership decision and a vote by the Trustees.
The following are our headline activities, projects and events for the financial year, as well as the impact these have had.
Weekly
For this period, our Sunday worship experiences went fully virtual, due to the onset of the COVID-19 global pandemic. The UK government advised all churches and ‘non-essential’ services to cease in-person gatherings through these times. Despite reopening for a short period of time in August 2020, we were forced to shut our doors once again, and return exclusively to virtual gatherings.
Our virtual gatherings have been designed with the whole family in mind. With service provisions also for young teens, as well as toddlers through to 12-year-olds. Virtual gatherings through our multiple online platforms have continued being welcoming to the entire community, irrespective of their level of faith or lack of faith, to come together in order to learn and grown in the Christian faith; as well as empower people to live out their faith practically within the context of their daily lives, their community and the wider world. Weekly, we have individuals and families tuning in to and watching our virtual gatherings from across the United Kingdom, The United States (Orlando, Florida; Austin, Texas; Atlanta, Georgia and Los Angeles, California), Brazil, Israel, Nigeria, India, South Africa, Haiti, Cape Verde, Mozambique, Philippines, Dubai, Netherlands, East Timor, Jamaica, Dominican Republic and beyond.
The general demographic of our church is made up primarily of young families, students (including international students, young entrepreneurs, creatives, and those with a passion to help others experience the practical love of Jesus. Our gatherings are deigned to help these demographics and others, live out their faith beyond the four walls of a church building.
Growth Classes
We were unable to meet this past year for our in-person weekly Growth Classes and Discipleship Classes due to the COVID-19 pandemic and restrictions on in-person gatherings.
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We did however launch an online, virtual Wednesday evening Bible Study, with teachers from the UK Israel and the USA. This provided a great opportunity to expose our virtual congregation to other speakers, teachers, as well as provided opportunities for others within the community to put into practice all they have been learning, by teaching on these online platforms.
Through the virtual gatherings, we were still able to help people understand the foundations of their faith, church history, the Jewish roots of our faith, evangelism, and world missions.
Connect Groups and Book Club
Both Connect Groups (Small Groups) and our Book Clubs have become over the past few years a great part of our service provision, allowing us to bring people together with shared passions and interests from across London and the suburbs. However, during the last year, we have been unable to undertake this, as many students have stayed away, cafés and restaurant (where these would usually take place monthly over a cup of coffee) have largely been closed due to the pandemic.
Worship Team Rehearsals & Song-writing Sessions.
This is integral part of our organisation and church experience, whereby people are trained in the art and skills of music ministry. We have been unable to expand on this due to the restrictions.
Bible in A Year
An online study group of over 30 people coming together to go through the Bible annually, whilst empowering people to submit their own perspective on the Bible. This online study group has a wide net, with people from as far as The United States of America, Israel, Dubai, Nigeria and South Africa taking part. As this was exclusively online, there was no negative impact on the groups during the lockdown.
Attendance
We have not been able to meet consistently in our physical location, due to the pandemic. However, for the seven weeks we were able to meet physically, in-person, we had a maximum capacity of 30 persons, to maintain social distancing protocol. Moving exclusively online, we have seen on average of 190-350 people watching our virtual services each week on our Facebook Live and YouTube Live platforms. This numbers take in also those who watch the rebroadcast of the services.
Baptisms & Faith Decisions
This past year, once again due to the pandemic, we have been unable to carry out our usual twice-yearly water baptism. However, we continue to receive a plethora of decisions for Jesus from across the globe, as people connect to our virtual gatherings. This past year, 25 people have ‘made a decision for Jesus’, and identified themselves as followers of Jesus, with a willingness to start our discipleship programmes.
Kid’s Church.
There have been no in-person physical gatherings for our children department for 2 to 10-year-olds, as we have met virtually in this period. Our amazing leadership team and volunteers have been able to provide interactive online sessions with kids and parents., whereby stories are told, and Biblical stories are dramatized in a safe environment.
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Professional Counselling Services
Our in-house counselling services continues to support people both within the church community and city-wide, with both professional psychotherapeutic and Christina counselling support. The pandemic has seen a higher demand for the services, which has gone exclusively online. We are aware that one of the most urgent area for our organisation to expand and develop moving forward, would be in our counselling support. The pandemic has seen many more people feeling isolated and requiring counselling support beyond our current capacity. Pivoting to a virtual only counselling system has also required our staff and counselling leadership coordinator having to constantly reassess the safeguarding and confidentiality protocols around counselling, whilst providing the services from their homes.
Pastoral Care Ministry Team
We instituted a pastoral care team within the church to provide immediate and on-going support to member s of the church and their families. This team is tasked with providing emotional and spiritual support for parishioners, as well as regular wellbeing contacts with lapsed members, who have been away from church for s period. This team has proven popular and much needed particularly during the pandemic, as in-person gathering have been either impossible or limited. We’ve also had many of our international students returning to their home nations, and the team have been able to maintain contact with them and provide support where needed.
Events
The Pandemic has meant that we have been unable to carry out our usual events such as Man Up Men’s Breakfast, Flourish Ladies’ Breakfast, Mental Health Awareness Week, Thanksgiving Celebration Dinners, Christmas Toy Drive, Prayer Nights, Worship Nights and Engage Summer Youth Programmes.
In the Community
During the year, we were able to provide bags and school items to over 25 families, both within the church and the local community of Newham. We have also provided over £3,000 worth of groceries and food items to the local community and members of our church community who lost their jobs during these times, those who have had to self-isolate or grieving. Hampers were distributed to those sleeping rough in Stratford, East London, as well as Dartford Kent.
On a monthly basis, as an organisation, we continue to send financial aid to India, to help feed orphans, the elderly and send out missionaries and evangelists in the remote area of Vadali, Gujurat.
Our partnership with Compassion UK continues to grow, despite the pandemic and reduction in income. Our partnership with Compassion allows us to help both educate and feed children in Mexico, Philippines, and Malawi. This is a partnership that has been on-going for over 5 years.
Marriage Preparation and Counselling
We continue to offer counselling support to married couples to hemp navigate married life and resolve deep rooted disputes. We have also been able to support couples intending to marry, through our marriage prep classes. The ability to conduct these virtually has meant that no disruption has been experienced with this service
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The Nehemiah Project
The Nehemiah Project is a special outreach project with the objective of conducting charitable activities in Israel, support both Jews & Arabs in the city of Tel Aviv, helping to fight against the increasing level of anti-Semitism right where in the UK, and helping to educate Christians on the Jewish roots of the faith. This has been done through celebrating Biblical feasts, virtual workshops, seminars, and educational tours (virtual).
Mobile Revival Hub
At the height of the Pandemic, and as remote working was mandated, a decision was made to install a portable office and studio “ Revival Hub’ unit in Kent to help provide a secure, available space to broadcast the virtual services and host the virtual counselling services. This installation was completed in February of 2021.
Directors
The directors of the company (Management Committee), who are also the trustees under the Charities Act, who served during the year end and to date were:
Mrs Selone Ajewole (Chairperson) Mr Gbenga Ajewole (Trustee) Miss Deborah Aremu Mr Emmanuel Akintunde (Trustee) Mrs MaryAnn Boateng (Trustee) Miss Davina Quinian (Trustee)
Risk Management and Reserve
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure that appropriate controls are in place to provide reasonable assurance against fraud and error.
The Management Committee have a target level of unrestricted reserves of three months of core activity, approximately £18,000.
Statement of Trustees’ Responsibilities
The trustees (who are also the directors of the charitable company for the purpose of the company law) are responsible for preparing the Trustees’ Report and financial statements in accordance with applicable law and United Kingdom Accounting Standards
(United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustee to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and its financial activities for that period. In preparing those financial statements, the trustees are required to:
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a) Select suitable accounting policies and apply them consistently;
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b) Observe the methods and principals in the Charities SORP;
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c) Make judgements and estimates that are reasonable and prudent;
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d) State whether the applicable accounting standards and statements of recommended practice have been follow subject to any departures disclosed and explained in the financial statements;
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e) Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
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The trustees are iesFonb1e for keeyro woper aecounttrbJ recordsthat disdose th reaSonae accuracy at any time the finanal p06rtion of the charty. and enable them to ensure thèt the finanaal staten*nts conwy th the Companies Act 20C6. They are also r8swnsible for safeguarding the assets of the Charity and hence for taknng reasonable steF6 for the prevents.on and detection of Iraud and other IrT•)ularrh'es. Thi$ report, which ha8 been prepareil in accg)fdance the special prowsion8 of part Vll of the Companies Act 20C6, apF4i¢ate lo small ts)npanies was approved by the board on and signed on its tehall On b•hall of the Manau•m•nt Commlthe Mr8 Selone 'eN)It ICh•lrp•r•¢n)
THE WAVE LON FINANCIAL sfATEMEPITS FOR YEAR ENDED 31 MARCH 2021 INDEPENDEKf EXAMINER'S REPOAT We rvwt cffl the Iail Statts WAVE L(th fcy yew 31 Marth 2021 The chaty's trus {vtho a tt)e WAVE L(xkn Misth tMJry)w CoMY kw) 15 firorKiI 5tatffMts, arKI 051¥ that aKlit ]uifement ( 4312) cl the i]we$ 1993 (the kt) ¢kns It is my respxth'lty to undtr Sth 43(7)(b) ( the kL whdhtr p)ttiikr Iltt5 have rJTh to my atttTr. Basi$ ol IndeIt Examlner's Repxt An E<amInatK indudes a revie tj trrf the dwlty arKI a c[1 of undertaken do ncrt all the mIe rul1 in an authL and Thjt ex audlt Ok]n ¢Jn the th ghtn ty the flnl A&ement& that those re£LYds sattsfiul rUirements the Ad. We are awoe of any to whth atttknn In ¢Jur Cfdnlcn tt flwfial ststrnts: glve a true and tslr In &ctYdaKe iknlted KjNyJn P<cqtsl FhLIIc of the state of charltys alPats as at 31 MJch 2021 and of its inojniw re9)jr aThJ kat In acctydatKe wlth the CLinwles Act 26. the knfrAmakn In the Trusteeg Repxt Is WENSKY SERVICES WENSKY SERVICES IACCOUNTANCYI 35 INest Quay Dn Y¢a(Jing UB49TA 35 WE (JIAY DRIVE YEADING - HAYES LoThkn UB4 gfA WENSKY
| CharityNo 1156349 Period start date 1st April 2020 To Period end date 31st March 2021 Charity Name:THE WAVE LONDON MISSION Annualaccountsforthe period ES~~SO~~ FOR ENGLAND AND WALES |
CharityNo 1156349 Period start date 1st April 2020 To Period end date 31st March 2021 Charity Name:THE WAVE LONDON MISSION Annualaccountsforthe period ES~~SO~~ FOR ENGLAND AND WALES |
CharityNo 1156349 Period start date 1st April 2020 To Period end date 31st March 2021 Charity Name:THE WAVE LONDON MISSION Annualaccountsforthe period ES~~SO~~ FOR ENGLAND AND WALES |
CharityNo 1156349 Period start date 1st April 2020 To Period end date 31st March 2021 Charity Name:THE WAVE LONDON MISSION Annualaccountsforthe period ES~~SO~~ FOR ENGLAND AND WALES |
CharityNo 1156349 Period start date 1st April 2020 To Period end date 31st March 2021 Charity Name:THE WAVE LONDON MISSION Annualaccountsforthe period ES~~SO~~ FOR ENGLAND AND WALES |
CharityNo 1156349 Period start date 1st April 2020 To Period end date 31st March 2021 Charity Name:THE WAVE LONDON MISSION Annualaccountsforthe period ES~~SO~~ FOR ENGLAND AND WALES |
CharityNo 1156349 Period start date 1st April 2020 To Period end date 31st March 2021 Charity Name:THE WAVE LONDON MISSION Annualaccountsforthe period ES~~SO~~ FOR ENGLAND AND WALES |
CharityNo 1156349 Period start date 1st April 2020 To Period end date 31st March 2021 Charity Name:THE WAVE LONDON MISSION Annualaccountsforthe period ES~~SO~~ FOR ENGLAND AND WALES |
CharityNo 1156349 Period start date 1st April 2020 To Period end date 31st March 2021 Charity Name:THE WAVE LONDON MISSION Annualaccountsforthe period ES~~SO~~ FOR ENGLAND AND WALES |
CharityNo 1156349 Period start date 1st April 2020 To Period end date 31st March 2021 Charity Name:THE WAVE LONDON MISSION Annualaccountsforthe period ES~~SO~~ FOR ENGLAND AND WALES |
CharityNo 1156349 Period start date 1st April 2020 To Period end date 31st March 2021 Charity Name:THE WAVE LONDON MISSION Annualaccountsforthe period ES~~SO~~ FOR ENGLAND AND WALES |
CharityNo 1156349 Period start date 1st April 2020 To Period end date 31st March 2021 Charity Name:THE WAVE LONDON MISSION Annualaccountsforthe period ES~~SO~~ FOR ENGLAND AND WALES |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Section A Statement of financial activities |
Statement of financial activities | ||||||||||
| Recommended categories by activity |
Guidance Notes | Unrestricted funds |
Unrestricted | Restricted income funds |
Endowment funds |
Total funds | Prior year funds |
||||
| £ | £ | £ | £ | £ | |||||||
| Incoming resources (Note 3) | F01 | F02 | F03 | F04 | F05 | ||||||
| Income and endowments from: | |||||||||||
| Donations - Building Fund | S01 | 79,276 | 29,644 | - | 108,920 | 130,068 | |||||
| Charitable activities | S02 | 102,542 | - | - | 102,542 | 116,359 | |||||
| Other trading activities | S03 | - | - | - | - | - | |||||
| Investments | S04 | 16,073 | - | 16,073 | 35,537 | ||||||
| Separate material item of income - | S05 | - | - | - | - | ||||||
| Other | S06 | - | - | - | - | - | |||||
| Total | S07 | 197,891 | 29,644 | - | 227,535 | 281,964 | |||||
| Resources expended (Note 4) | |||||||||||
| Expenditure on: | |||||||||||
| Raising funds | S08 | 42 | 42,205 | 38,959 | - | 81,164 | 78,989 | ||||
| Charitable activities | S09 | 32,011 | - | - | 32,011 | 30,165 | |||||
| Separate material item of expense | S10 | - | - | - | - | - | |||||
| Other | S11 | 146,667 | 29,644 | - | 176,311 | 193,914 | |||||
| Total | S12 | 220,884 | 68,603 | - | 289,487 | 303,068 | |||||
| Net income/(expenditure) before investment | Net income/(expenditure) before investment | ||||||||||
| gains/(losses) | S13 | - | 22,993 | - | 38,959 | - | - | 61,952 - |
- | 21,104 | |
| Net gains/(losses) on investments | S14 | - | - | - | - | - | |||||
| Net income/(expenditure) | S15 | - | 22,993 | - | 38,959 | - | - | 61,952 - |
- | 21,104 | |
| Extraordinary items | S16 | - | - | - | - | - | |||||
| Transfers between funds | S17 | - | - | - | - | 86,154 | |||||
| Other recognised gains/(losses): | |||||||||||
| Gains and losses on revaluation of fixed assets for the charity’s own use | S18 | - | - | - | - | - | |||||
| Other gains/(losses) | S19 | - | - | - | - | - | |||||
| Net movement in funds | S20 | - | 22,993 | - | 38,959 | - | - | 61,952 - |
65,050 | ||
| Reconciliation of funds: | |||||||||||
| Total funds brought forward | S21 | - | 21,104 | 86,154 | - | 65,050 | - | ||||
| Total funds carried forward | S22 | - | 44,097 | 47,195 | - | 3,098 | 65,050 |
Section 8 Balance sheet Endwn4yrt row T¢)tal last fvnd¥ yw year fur#l• Flxed assets Intangiblo ass•ts Tanqlbl• aM•ts Herltao• as8¢ts InvMtm4nt Foi FC6 (Nots 81 18. 74.5tr2 74,0&3 rof•l Ilx•d•8••t 74L Current a880ts Stocks O•tor• Investm•nts C•sh at nk and In hand (Not• 10) Tot•1 cun•nt •M•t¥ 2.3 Crndbtor4: •mounts f•lllw due wlthln on• y••r (Not• 91 B11 108.137 108,137 11.322 85,050 Cr•dltors: nounts f•lllTrJ du• one y••r (Note 9) Provl•l¢)n• lor Ilabllltl•• 815 Tot•1 I1 ••J•ts or Mablltth Fund8 of the Charlty Endowm•nt lund• 816 15.168 18,288 85.050 817 R•strbct•d Incom• lunds Unr•$trithd lund R•v4luatlon r•Jer 816 47,195 47.195 44,097 43,083 21.967 To1 fimd$ svJd by on• Irw1• on t•k•ifof D)le approv* ddlmml c4.¥.2/ Piint Nom• J>c
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Section C Notes to the accounts
Note 1 Basis of preparation
This section should be completed by all charities .
1.1 Basis of accounting
These accounts 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.
The accounts have been prepared in accordance with:
the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in
• and with ✓ accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
issued on 16 July 2014
• and with ✓ the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)
• and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
-Tick as appropriate
1.2 Going concern
If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern,
please provide the following details or state "Not applicable", if appropriate:
An explanation as to those factors that support the conclusion that the charity is a going N/A
concern;
Disclosure of any uncertainties that make the going concern assumption doubtful; N/A
Where accounts are not prepared on a going concern basis, please disclose this fact After making appropriate enquiries, the board of trustees has a
together with the basis on which the trustees prepared the accounts and the reason why the reasonable expectation that The WAVE London Mission has
charity is not regarded as a going concern. adequate adequate resources to continue in operational existence
for the foreseeable future. For this reason it continues to adopt the
going concern basis in preparing the financial statements. Further
details regarding the adoption of the going concern basis can be
found in the Statement of Accounting Policies.
1.3 Change of accounting policy
The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }.
Yes ✓
-Tick as appropriate
No ✓
Please disclose:
(i) the nature of the change in accounting policy; No Changes
(ii) the reasons why applying the new accounting policy provides more reliable and more relevant
information; and
(iii) the amount of the adjustment for each line affected in the current period, each prior period
presented and the aggregate amount of the adjustment relating to periods before those presented,
3.44 FRS 102 SORP.
1.4 Changes to accounting estimates
No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).
Yes ✓
-Tick as appropriate
No ✓
Please disclose:
(i) the nature of any changes;
(ii) the effect of the change on income and expense or assets and liabilities for the current period;
and
(iii) where practicable, the effect of the change in one or more future periods.
1.5 Material prior year errors
No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).
Yes ✓
-Tick as appropriate
No ✓
Please disclose:
(i) the nature of the prior period error;
(ii) for each prior period presented in the accounts, the amount of the correction for each account
line item affected; and
(iii) the amount of the correction at the beginning of the earliest prior period presented in the
accounts.
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Notes to the accounts (cont)
Section C Note 2 Accounting policies 2.1 INCOME
This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below.
| Recognition of income Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable. Support costs The charity has incurred expenditure on support costs. Volunteer help Donated goods for resale are measured at fair value on initial recognition, which is the expected proceeds from sale less the expected costs of sale, and recognised in 'Income from other trading activities' with the corresponding stock recognised in the balance sheet. On its sale the value of stock is charged against 'Income from other trading activities' and the proceeds from sale are also recognised as 'Income from other trading activities'. Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SoFA as incoming resources when receivable. The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. These are included in the Statement of Financial Activities (SoFA) when: • the charity becomes entitled to the resources; · it is more likely than not that the trustees will receive the resources; and • the monetary value can be measured with sufficient reliability. Donated goods Contractual income and performance related grants Offsetting There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. Grants and donations Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP). This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions. Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so. In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP). Legacies Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met. Government grants The charity has received government grants in the reporting period Tax reclaims on donations and gifts Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA. The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks at distribution. Donated services and facilities Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably. Income from interest, royalties and dividends This is included in the accounts when receipt is probable and the amount receivable can be measured reliably. |
Yes No N/a |
Yes No N/a |
Yes No N/a |
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| ✓ | ✓ | ✓ |
11
| 2.3 ASSETS Intangible fixed assets Heritage assets Settlement of insurance claims Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SoFA. They are valued at cost. These are capitalised if they can be used for more than one year, and cost at least Redundancy cost The charity made no redundancy payments during the reporting period. Deferred income No material item of deferred income has been included in the accounts. Creditors The charity has creditors which are measured at settlement amounts less any trade discounts Provisions for liabilities A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date Basic financial instruments The charity has intangible fixed assets, that is, non-monetary assets that do not have physical substance but are identifiable and are controlled by the charity through custody or legal rights. The amortisation rates and methods used are disclosed in note 9.5 They are valued at cost. The charity has heritage assets, that is, non-monetary assets with historic, artistic, scientific, technological, geophysical or environmental qualities that are held and maintained principally for their contribution to knowledge and culture. The depreciation rates and methods used as disclosed in note 9.6.1.4. This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. Income from membership subscriptions Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies. Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities. 2.2 EXPENDITURE AND LIABILITIES Liability recognition Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Investment gains and losses The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP. Tangible fixed assets for use by charity The depreciation rates and methods used are disclosed in note 9.2. Governance and support costs Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. They are valued at cost. Investments Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment. Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than 1 year are treated as current asset investments Grants with performance conditions Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output. Grants payable without performance conditions Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised. |
Yes No N/a |
Yes No N/a |
Yes No N/a |
|
|---|---|---|---|---|
| ✓ | ✓ | ✓ | ||
| Yes No N/a |
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| ✓ | ✓ | ✓ | ||
| Yes No N/a |
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| ✓ | ✓ | ✓ | ||
| Yes No N/a |
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| ✓ | ✓ | ✓ | ||
| Yes No N/a |
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| ✓ | ✓ | ✓ | ||
| Yes No N/a |
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| ✓ | ✓ | ✓ | ||
| Yes No N/a |
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| ✓ | ✓ | ✓ | ||
| Yes No N/a |
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| ✓ | ✓ | ✓ | ||
| Yes No N/a |
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| ✓ | ✓ | ✓ | ||
| Yes No N/a |
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| ✓ | ✓ | ✓ | ||
| Yes No N/a |
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| ✓ | ✓ | ✓ | ||
| Yes No N/a |
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| ✓ | ✓ | ✓ | ||
| Yes No N/a |
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| ✓ | ✓ | ✓ | ||
| Yes No N/a |
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| ✓ | ✓ | ✓ | ||
| Yes No N/a |
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| ✓ | ✓ | ✓ | ||
| Yes No N/a |
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| ✓ | ✓ | ✓ | ||
| Yes No N/a |
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| ✓ | ✓ | ✓ | ||
| Yes No N/a |
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| ✓ | ✓ | ✓ | ||
| Yes No N/a |
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| ✓ | ✓ | ✓ | ||
| Yes No N/a |
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| ✓ | ✓ | ✓ | ||
| Yes No N/a |
||||
| ✓ | ✓ | ✓ |
12
| Stocks and work in progress Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net realisable value. Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock. Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract. Debtors Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received. Current asset investments The charity has has investments which it holds for resale or pending their sale and cash and cash equivalents with a maturity date less than one year. These include cash on deposit and cash equivalents with a maturity date of less than one year held for investment purposes rather than to meet short term cash commitments as they fall due. They are valued at fair value except where they qualify as basic financial instruments. |
Yes No N/a |
Yes No N/a |
Yes No N/a |
|---|---|---|---|
| ✓ | ✓ | ✓ | |
| Yes No N/a |
|||
| ✓ | ✓ | ✓ | |
| Yes No N/a |
|||
| ✓ | ✓ | ✓ | |
| Yes No N/a |
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| ✓ | ✓ | ✓ | |
| Yes No N/a |
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| ✓ | ✓ | ✓ | |
| Yes No N/a |
|||
| ✓ | ✓ | ✓ |
13
| Section C Notes to the accounts |
Section C Notes to the accounts |
(cont) | (cont) | (cont) | (cont) | (cont) |
|---|---|---|---|---|---|---|
| Donations and gifts Gift Aid Legacies General grants provided by government/other charities Membership subscriptions and sponsorships which are in substance donations Donatedgoods,facilities and services Other Total Offering and Tithe Other Total Other Total Interest income Dividend income Rental and leasing income Other Total Total Conversion of endowment funds into income Gain on disposal of a tangible fixed asset held for charity's ownuse Gain on disposal of a programme related investment Royalties from the exploitation of intellectual property rights Other Total Other information: Charitable activities: Note 3 Analysis of income Analysis Donations and legacies: TOTAL INCOME Other: Other trading activities: Income from investments: Separate material item of income: |
Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ |
|||||
| Donations and gifts | 46,244 | - | - | 46,244 | 81,519 | |
Gift Aid |
33,032 | - | - | 33,032 | 48,549 | |
| Legacies | - | - | - | - | - | |
| General grants provided by government/other charities | - | 29,644 | - | 29,644 | - | |
| Membership subscriptions and sponsorships which are in substance donations |
- |
- | - | - | ||
| Donatedgoods,facilities and services | - | - | - |
- | - |
|
| Other | - | - | - |
- | ||
| Total | 79,276 | 29,644 | - | 108,920 |
130,068 | |
| Offering and Tithe | 102,542 | - | - | 102,542 | 116,359 | |
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| Other | - | - | - | - | - | |
| Total | 102,542 | - | - | 102,542 |
116,359 | |
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| Other | - | - | - | - | - | |
| Total | - | - | - |
- | - | |
| Interest income | 8 | - | - | 8 | 61 | |
| Dividend income | - | - | - | - | - | |
| Rental and leasing income | 16,065 | - | - | 16,065 | 35,476 | |
Other |
- | - | - | - | - | |
| Total | 16,073 | - | - | 16,073 |
35,537 | |
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| Total | - | - | - |
- | - | |
| Conversion of endowment funds into income | - | - | - | - | - | |
| Gain on disposal of a tangible fixed asset held for charity's ownuse |
- |
- | - | - | - | |
| Gain on disposal of a programme related investment | - | - | - | - | - | |
| Royalties from the exploitation of intellectual property rights |
- | - | - | - | - | |
| Other | - | - | - | - | - | |
| Total | - | - | - |
- | - | |
| 197,891 | 29,644 | - | 227,535 | 281,964 | ||
| All income in the prior year was unr amounts) |
estricted except for: (please provide description and | Building Fund Donation - £0000 | ||||
| Where any endowment fund is conv reason for the conversion. |
erted into income in the reporting period, please give the | |||||
| N/A | ||||||
| Within the income items above the following items are material: (please disclose the nature, amount and any prior year amounts) |
N/A |
14
| Section C Notes to the accounts |
Section C Notes to the accounts |
(cont) | (cont) | (cont) | (cont) | (cont) |
|---|---|---|---|---|---|---|
| Note 4 Analysis of expenditure Rent, property repairs and maintenance charges Operating membership schemes and social lotteries Staging fundraising events Analysis Expenditure on raising funds: Incurred seeking legacies Incurred seeking grants Incurred seeking donations Evangelism & Missions Separate material item of expense Operating Lease Payments Expenditure on charitable activities Total expenditure on raising funds Depreciation Expense Bank Fees Subscriptions Retreat Expenses Total expenditure on charitable activities Total BAPTISM Expenses Staff Training Hospitality HONORARIUM Pastoral Care Charitable and Political Donations Volunteer Expenses TOTAL EXPENDITURE Total other expenditure Other Light, Power, Heating Telephone &Internet CleaningExpenses Consulting Audit & Accountancyfees Salaries &wages Travel Motor Vehicle Expenses Postage,Freight & Courier Employers National Insurance General Expenses Insurance PensionCost IT Software and Consumables Printing& Stationery |
Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ |
|||||
| Incurred seeking donations | - | - | - | - | - | |
| Incurred seeking legacies | - | - | - | - | - | |
| Incurred seeking grants | - | - | - | - | - | |
| Operating membership schemes and social lotteries |
- | - | - | - | - | |
| Staging fundraising events | - | - | - | - | - | |
| Rent, property repairs and maintenance charges |
42,205 |
38,959 | - | 81,164 |
78,989 | |
| Total expenditure on raising funds | 42,205 | 38,959 |
- |
81,164 |
78,989 | |
| BAPTISM Expenses | 1,230 | - | - | 1,230 | 2,350 | |
| Charitable and Political Donations | 3,420 | - | - | 3,420 | 1,999 | |
| Volunteer Expenses | 1,750 | - | - | 1,750 | 3,000 | |
| Evangelism & Missions | 8,948 | - | - | 8,948 | 11,202 | |
| Subscriptions | 4,630 | - | - | 4,630 | 3,321 | |
| Staff Training | 1,575 | - | - | 1,575 | 837 | |
| Retreat Expenses | - | - | - | - | 864 | |
| Pastoral Care | 450 | - | - | 450 | 300 | |
| HONORARIUM | 1,500 | - | - | 1,500 | 1,886 | |
| Hospitality | 8,508 | - | - | 8,508 | 4,406 | |
| Total expenditure on charitable activities |
32,011 | - | - | 32,011 |
30,165 | |
| Operating Lease Payments | 10,649 | 6,255 | - | 16,904 | 17,861 | |
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| Total | 10,649 | 6,255 | - | 16,904 |
17,861 | |
| CleaningExpenses | 1,058 | - | - | 1,058 | 4,162 | |
| Consulting | - | - | - | - | - | |
| Audit & Accountancyfees | 2,720 | - | - | 2,720 | 2,900 | |
| Depreciation Expense | 28,961 | - | - | 28,961 | 22,736 | |
| Bank Fees | 4,788 | - | - | 4,788 | 432 | |
| Employers National Insurance | 16,773 | - | - | 16,773 | 11,026 | |
| General Expenses | 6,028 | - | - | 6,028 | 18,992 | |
| Insurance | 521 | - | - | 521 | 518 | |
| PensionCost | 4,954 | - | - | 4,954 | 1,392 | |
| IT Software and Consumables | 4,296 | - | - | 4,296 | 6,049 | |
| Printing& Stationery | 6,851 | - | - | 6,851 | 6,961 | |
| Motor Vehicle Expenses | 60 | - | - | 60 | 1,032 | |
| Postage,Freight & Courier | 63 | - | - | 63 | 8 | |
| Light, Power, Heating | 2,666 | - | - | 2,666 | 5,748 | |
| Telephone &Internet | 2,224 | - | - | 2,224 | 4,015 | |
| Salaries &wages | 57,822 | 29,644 | - | 87,466 | 90,851 | |
| Travel | 6,882 | - | - | 6,882 | 17,092 | |
| Total other expenditure | 146,667 | 29,644 | - | 176,311 |
193,914 | |
| 231,533 | 74,858 | - | 306,391 | 320,929 |
15
Section C
Note 5
Notes to the accounts
Details of certain items of expenditure
10.1 Fees for examination of the accounts
Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).
Independent examiner’s fees Assurance services other than audit or independent examination Tax advisory fees Other fees (for example: financial advice, consultancy, accountancy services) paid to the independent examiner
| This year £ |
Last year £ |
|---|---|
| 2000 | 2000 |
| 0 | 0 |
| 0 | 0 |
| 720 | 900 |
16
| Section C Notes to the accounts |
(cont) | (cont) |
|---|---|---|
| Employer National Insurance Other employee benefits Total staff costs Pension costs (defined contribution scheme) Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party Note 6 Paid employees Salaries and wages Please complete this note if the charity has any employees. 6.1 Staff Costs |
||
| This year £ |
Last year £ |
|
| 87,466 | 80,417 | |
| 16,773 | 6,028 | |
| 4,954 | - | |
| - | - | |
| 109,193 | 86,445 | |
| N/A |
Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided.
No employees received employee benefits (excluding employer N/A pension costs) for the reporting period of more than £60,000
| Band | Number of employees |
|---|---|
| £30,000 to £39,999 | 4 |
| £40,000 to £49,999 | |
| £50,000 to £59,999 | |
| £60,000 to £99,999 | |
| £100,000 to £109,999 | |
| Volunteers | 38 |
| Please provide the total amount paid to key management personnel (includes trustees and senior management) for their services to the charity |
|
| N/A |
17
Section C Notes to the accounts (cont)
Note 7 Tangible fixed assets Please complete this note if the charity has any tangible fixed assets
7.1 Cost or valuation
| 7.1 Cost or valuation | ||||||
|---|---|---|---|---|---|---|
| Leasehold Improvement Computer Equipment £ £ At the beginning of the year 62,203 16,604 Additions 24,478 - Revaluations - - Disposals - - Transfers - - At end of the year 86,681 16,604 Basis* RB RB Rate 20% 20% At beginning of the year 31,180 8,355 Disposals - - Depreciation 17,336 3,321 Impairment - - Transfers - - At end of the year 48,516 11,676 Net book value at the beginning of the year 31,023 8,249 Net book value at the end of the year 38,165 4,928 7.4 Impairment 7.3 Net book value 7.2 Depreciation and impairments Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.* |
Leasehold Improvement £ |
Computer Equipment £ |
Office Equipments £ |
Fixtures, fittings and equipment £ |
Total £ |
|
62,203 |
16,604 | 36,543 | - | 115,350 | ||
| 24,478 | - | 4,979 | - | 29,457 | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| 86,681 | 16,604 | 41,522 | - | 144,807 | ||
| RB | RB | RB | RB | RB | Straight Line ("SL") |
|
20% |
20% | 20% | 20% | 20% | ||
| 20,015 - 59,550 - - - 8,304 - 28,961 - - - - - - 28,319 - 88,511 16,528 - 55,800 13,203 - 56,296 N/A |
||||||
| 31,180 | 8,355 | 20,015 | - | 59,550 | ||
| - | - | - | - | - | ||
| 17,336 | 3,321 | 8,304 | - | 28,961 | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| 48,516 | 11,676 | 28,319 | - | 88,511 | ||
| 31,023 | 8,249 | 16,528 | - | 55,800 | ||
| 38,165 | 4,928 | 13,203 | - | 56,296 | ||
| N/A |
7.5 Revaluation
If an accounting policy of revaluation is adopted, please provide: the effective date of the revaluation the name of independent valuer, if applicable
N/A
N/A
N/A
the methods applied and significant assumptions the carrying amount that would have been recognised had the assets been carried under the cost model.
N/A
8.6 Other disclosures
(i) Please state the amount of borrowing costs, if any, capitalised in the construction of tangible fixed assets and the capitalisation rate used.
(ii) Please provide the amount of contractual commitments for the acquisition of tangible fixed assets.
(iii) Details of the existence and carrying amounts of property, plant and equipment to which the charity has restricted title or that are pledged as security for liabilities.
N/A N/A N/A
18
Notes to the accounts
(cont)
Section C
Note 8 Creditors and accruals
Please complete this note if the charity has any creditors or accruals.
8.1 Analysis of creditors
| Accruals for grants payable Bank loans and overdrafts Trade creditors Payments received on account for contracts or performance-related grants Accruals and deferred income Taxation and social security Other creditors Total |
Amounts falling due within oneyear |
Amounts falling due within oneyear |
Amounts falling due after more than oneyear |
Amounts falling due after more than oneyear |
|---|---|---|---|---|
| This year £ |
Last year £ |
This year £ |
Last year £ |
|
| - | - | - |
- | |
| 736 | - | - | - |
|
| - | - | - |
- | |
| - | - | - |
- | |
| - | - | - |
- | |
| 29,078 | 1,706 | - | - | |
| 78,323 | 7,865 | - | - | |
| 108,137 | 9,571 | - | - |
8.2 Deferred income
Please complete this note if the charity has deferred income.
Please explain the reasons why income is deferred.
N/A
| Movement in deferred income account Balance at the start of the reporting period Amounts added in current period Amounts released to income from previous periods Balance at the end of the reporting period |
This year £ |
Last year £ |
|---|---|---|
| - | - | |
| - | - | |
| - | - | |
| - | - |
19
Notes to the accounts
(cont)
Section C
Note 9 Cash at bank and in hand
| Other Cash at bank and on hand Total Short term cash investments (less than 3 months maturity date) Short term deposits |
This year £ |
Last year £ |
|---|---|---|
| - | - | |
| - | - | |
| 36,673 | 5,844 | |
| - | - | |
| 36,673 | 5,844 |
20