## **REGISTERED CHARITY NO: 1156349**
## **COMPANY NO: 09030969**
## **REPORT OF THE TRUSTEES AND**
## **FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2022**
**THE WAVE LONDON MISSION**
**Registered Charity Number: 1156349 Company No: 09030969**
|**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 - 22|
## **THE WAVE LONDON MISSION**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022**
The trustees present their reports with the financial Statements of the charity for the year ended 31 MARCH 2022.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 2022. 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
1
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,**
## **2021/22 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 both a local and global-focused ministry intentional about helping both our local communities across London, and communities across the world. We undertake initiatives that enable people to experience the practical love of Jesus, seeing lives transformed and hope restored.
2021, (as was 2020) continued to prove to be a challenging time due to the aftermath of the COVID-19 global pandemic. The pandemic has impacted our operations immensely and continues to cause us to reimagine our modus operandum, strategies and service provisions, whilst still reaching beyond the walls of the church to give people hope and serve communities both near and far.
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 continues to be exclusively virtual. The COVID1-9 pandemic caused us to reimagine what it means to be the church, as well as dealing with the impact of many of our parishioners moving away from the local area and our international student population, which makes up over 50% of our congregation were unable to travel into our London location
Our virtual gatherings have been designed with the whole family in mind. Our service provisions for teenagers, children and toddlers has had to be cancelled due to a lack of volunteers and staff in order to manage and supervise this even virtually. 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 has also been impacted, and we are seeing more young families and single adults watching our online service provisions. Our gatherings are designed to help these demographics and others, live out their faith beyond the four walls of a church building.
2
## **Growth Classes**
Since the pandemic, we have been unable to meet for our in-person weekly Growth Classes and Discipleship Classes. This has been replaced with monthly bible classes via ZOOM. We did however continue with an online, virtual 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**
Over the past few years, both Connect Groups (Small Groups) and our Book Clubs have become 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, we have been unable to reinstate this, mainly due to the financial investment these require and the personnel to lead the sessions.
## **Worship Team Rehearsals & Song-writing Sessions.**
This was an 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 reinstate this, as following on from the pandemic, many members of the music and arts teams have moved away, and also there has been immense financial constraints, which has restricted our ability to invite external teachers and trainers.
## **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 is no negative impact on the groups.
## **House Churches**
The Wave London Mission has now been positioned, following the COVID-19 pandemic, as a ministry gathering primarily online, and ad-hoc via House Church fellowships. During the pandemic small house fellowship and groups allowed people to come together whilst adhering to COVID-19 protocols. The House Church model allows for a more interactive, equipping, intimate gathering, without large expenses, or a large team of staff and volunteers. During the House Fellowships, food and drinks are provided, as well as activities for young children.
This format of ministry gathering has now been established both in London and in Orlando, Florida.
3
## **Food Distribution**
The Wave London Mission continues to give a helping hand to many families locally and globally. As a missional church and charity, we have continued to provide food to numerous families. Apps such as Deliveroo, Just Eat and UberEats have also enabled The Wave London Mission to distribute warm meals and groceries to families across London, without the need to be physically present. This has been a great help and allowed more families and individuals to be served. Over 300 meals have been distributed in this manner.
## **Baptisms & Faith Decisions**
This past year, despite no longer gathering in-person, and our inability to offer our usual twice-yearly water baptism, we continue to receive a plethora of decisions for Jesus from across the globe, as people connect to our virtual gatherings. This past year, 40 people ‘made a decision for Jesus’, and identified themselves as followers of Jesus, with a willingness to start our discipleship programmes. This also includes those encountered during mission trips to Orlando, Florida in the USA.
## **Professional Counselling Services**
Our in-house counselling services continues to support people both within the church community and citywide, with both professional psychotherapeutic and Christian 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 areas 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 virtually.
## **Pastoral Care Ministry Team**
We instituted a pastoral care team within the church to provide immediate and on-going support to members 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 a period of time. This team of volunteers continues to be an in-demand department within our ministry. With all of our international students returning to their home nations, this team has been able to maintain contact with them and provide support where needed.
Our senior Pastor continues to conduct multiple hospital and hospice visits, providing in-person Pastoral Care across England & Wales, supporting those battling ill-health, end-of-life treatment, crisis pregnancies and their families.
## **Orlando, USA**
In December 2021, during a mission trip and partnership tour with Orlando Union Rescue Mission and Celebration Church Orlando, we were able to feed over 500 homeless men and women in downtown Orlando, as well as provide Christmas toys for children currently living in shelters. This is a partnership we look to build upon in the years to come.
A number of ‘meet and greet’ Bible Study sessions and street evangelism events were conducted in Downtown Orlando during the year. In March 2022, Christian counselling services and prayer training was offered to Christian students on the campus of the University of Central Florida, in Orlando. Over 50 students participated in this. The Wave London Mission also provided supported and pastoral care during the Spring Gospel concert, which saw over 400 students and alumni in attendance.
4
## **In the Community**
During the year, we were able to provide bags, shoes and school items to over 50 families, both in London and in Orlando, Florida. Despite the financial impact of the ministry, The Wave London Mission has also provided over £7,000 worth of groceries, food items, sanitary towels to the local community and members of our church community who are still struggling with the loss of employment. We have also supported more families experiencing loss and grief. Hampers continue to be 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 and the elderly, as well as train and send out missionaries and evangelists in the remote area of Vadali, Gujurat Province.
Our partnership with Compassion UK will continue until August 2022, however, we have notified our partner charity of our inability to continue our ministry support due to a reduction in income. Since 2017, our partnership with Compassion UK has allowed us to help both educate and feed children in Mexico, Philippines, and Malawi.
## **Building Use**
The building has been hired out on an ad hoc basis over the course of this year to community, charity and training organisations. The revenue generated has been instrumental in funding our homeless outreach initiatives. This has including utilising the building to host homeless crisis response events whereby we have served and fed homeless and low-income individuals and families from a diverse range of backgrounds. Also, the revenue has helped with building maintenance and safety costs during the pandemic.
## **Marriage Preparation and Counselling**
We continue to offer counselling support to married couples to help 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.
## **The Nehemiah Project**
The Nehemiah Project is a special outreach project with the objective of conducting charitable activities in Israel, supporting 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 by our Trustees and leadership team 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 March 2021 and continues to be the main hub of activities and service provision.
5
## **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)
Miss Deborah Aremu (Trustee)
Mr Emmanuel Akintunde (Trustee)
Mr Gbenga Ajewole (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:
- a) Select suitable accounting policies and apply them consistently;
- b) Observe the methods and principals in the Charities SORP;
- c) Make judgements and estimates that are reasonable and prudent;
- d) State whether the applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements;
- e) Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity, and which enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report, which has been prepared in accordance with the special provisions of part VII of the Companies Act 2006, applicable to small companies was approved by the board on and signed on its behalf.
## **On behalf of the Management Committee**
� ....... ��
**……………………………………………..**
Mrs Selone Ajewole **(Chairperson)**
01/11/2022
**Date:………………………………..**
6
## **THE WAVE LONDON MISSION**
## **FINANCIAL STATEMENTS FOR YEAR ENDED 31 MARCH 2022**
## **INDEPENDENT EXAMINER'S REPORT**
We report on the financial statements of The WAVE London Mission for the year ended 31 March 2022 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes numbered 1 to 8. These financial statements have been prepared under the accounting policies set out therein
## **Respective responsibilities**
The charity's trustees (who are also the directors of The WAVE London Mission for the purpose of company law) is responsible for the preparation of the financial statements, and consider that the audit requirement of Section 43(2) of the Charities Act 1993 (the Act) does not apply. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under Section 43(7)(b) of the Act, whether particular matters have come to my attention.
## **Basis of Independent Examiner's Report**
Our examination was carried out in accordance with the General Directions of the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the financial statements.
## **Independent Examiner's Statement**
In connection with my examination of the accounts, nothing came to my attention which gave me cause to believe otherwise than that the financial statements accord with the accounting records of the charity, and that those records satisfied the requirements of the Act. We are not aware of any matter to which attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
In our opinion the financial statements:
• give a true and fair view, in accordance with United Kingdom Generally Accepted Accounting Practice, of the state of the charity's affairs as at 31 March 2022 and of its incoming resources and application of resources, including its income and expenditure for the year then ended; and have been properly prepared in accordance with the Companies Act 2006; and the information given in the Trustees' Report is consistent with the financial statements.
Signed by the Independent Examiner: …………………………………………...
02/11/2022 date:……………………...
## **LEADUK Ltd**
(Accountants & Management Consultancy) 8 Skylines Village Limeharbour London E14 9TS
7
**Charity Name:THE WAVE LONDON MISSION** Charity No **1156349** Annual accounts for the period Period start date **1st April To 31st March 2020** Period end date **2022**
## **Section A**
## **Statement of financial activities**
|**Recommended categories by**
**activity**
Guidance Notes
**Incoming resources (Note 3)**
**Income and endowments from:**
Donations - Building Fund
S01
Charitable activities
S02
Other trading activities
S03
Investments
S04
Separate material item of income -
S05
Other
S06
S07
**Resources expended (Note 4)**
**Expenditure on:**
Raising funds
S08
Charitable activities
S09
Separate material item of expense
S10
Other
S11
S12
S13
Net gains/(losses) on investments
S14
S15
**Extraordinary items**
S16
S17
S18
Other gains/(losses)
S19
S20
**_Reconciliation of funds:_**
S21
S22
**_Total_**
**_Net movement in funds_**
Total funds brought forward
**_Total funds carried forward_**
**_Total_**
**Net income/(expenditure) before investment**
**gains/(losses)**
**Net income/(expenditure)**
**Transfers between funds**
**Other recognised** **gains/(losses):**
Gains and losses on revaluation of fixed assets for the charity’s own use|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**£**
**£**
**£**
F01
F02
F03|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**£**
**£**
**£**
F01
F02
F03|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**£**
**£**
**£**
F01
F02
F03|**Total funds**
**Prior year**
**funds**
**£**
**£**
F04
F05|**Total funds**
**Prior year**
**funds**
**£**
**£**
F04
F05|
|---|---|---|---|---|---|
||29,380|31,875|-|61,255|108,920|
||133,148|-|-|133,148|102,542|
||-|-|-|-|-|
||8,948|-||8,948|16,073|
|||-|-|-|-|
||-|-|-|-|-|
||171,476|31,875|-|203,351|227,535|
|||||||
||36,292|42,175|-|78,467|81,164|
||40,986|-|-|40,986|32,011|
||16,904|-|-|16,904|-|
||88,154|31,875|-|120,029|176,312|
||224,511|74,050|-|298,561|289,487|
|||||||
||53,035
-|42,175
-|-|95,210
-|61,952
-|
||-|-|-|-|-|
||53,035
-|42,175
-|-|95,210
-|61,952
-|
||-|-|-|-|-|
||-|-|-|-|65,050|
|||||||
||-|-|-|-|-|
||-|-|-|-|-|
||53,035
-|42,175
-|-|95,210
-|3,098|
|||||||
||61,952
-|65,050|-|3,098|-|
||-
72,812|22,875|-|-
49,937|3,098|
8
|**Section B**
**Balance sheet**|||||||
|---|---|---|---|---|---|---|
|**Fixed assets**
**Intangible assets**
**Tangible assets**
**(Note 8)**
**Heritage assets**
**Investments**
**_Total fixed assets_**
**Current assets**
**Stocks**
**Debtors**
**Investments**
**Cash at bank and in hand (Note 10)**
**_Total current assets_**
**Creditors: amounts falling due within one year (Note**
**9)**
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**
**Creditors: amounts falling due after one year (Note**
**9)**
**Provisions for liabilities**
**_Total net assets or liabilities_**
**Funds of the Charity**
**Endowment funds**
**Restricted income funds**
**Unrestricted funds**
**Revaluation reserve**
**_Total funds_**
Signed by one or two trustees on behalf of all the trustees|Guidance Notes
B01
B02
B03
B04
B05
B06
B07
B08
B09
B10
B11
B12
B13
B14
B15
B16
B17
B18
B19
B20
B21|**Unrestricted**
**funds**
**£**
F01|**Restricted**
**income funds**
**£**
F02|**Endowment**
**funds**
**Total this year**
**£**
**£**
F03
F04||**Total last year**
**£**
F05|
|||-|-|-|-|-|
|||27,335|18,266|-|45,601|74,562|
|||-|-|-|-|-|
|||-|-|-|-|-|
|||27,335|18,266|-|45,601|74,562|
||||||||
|||-|-|-|-|-|
|||-|-|-|-|-|
|||-|-|-|-|-|
|||12,198|-|-|12,198|36,673|
|||12,198|-|-|12,198|36,673|
||||||||
|||107,735|-|-|107,735|108,137|
||||||||
|||-
95,537|-|-|-
95,537|71,464
-|
||||||||
|||-
68,203|18,266|**-**|-
49,937|3,098|
||||||||
|||-|-|-|-|-|
|||-|-|-|-|-|
||||||||
|||-
110,378|18,266|-|-
49,937|3,098|
||||||||
|||-|||-|-|
||||22,875|-|22,875|47,195|
|||-
72,812|||-
72,812|44,097
-|
||||||-||
|||-
72,812|22,875|-|-
49,937|3,098|
||||||||
||Signature
|||Print Name||Date of approval
dd/mm/yyyy|
||~~� . ��~~|||Selone Earlene AJEWOLE||01/11/2022|
||||||||
9
**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 • and with* ü accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 • and with* ü the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)
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 concern;
Disclosure of any uncertainties that make the going concern assumption doubtful;
Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.
## _**N/A**_
## _**N/A**_
_**After making appropriate enquiries, the board of trustees has a reasonable expectation that The WAVE London Mission has 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*
No*|ü|* -Tick as appropriate|
|---|---|---|
||ü||
## _**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*
No*|ü|* -Tick as appropriate|* -Tick as appropriate|
|---|---|---|---|
||ü|||
|**_Please disclose:_**||||
|**_(i) the nature of any changes;_**||||
|**_(ii) the effect of the change on income and expense o_**|**_r assets and liab_**|**_ilities for the current period; and_**||
|**_(iii) where practicable, the effect of the change in one_**|**_or more future p_**|**_eriods._**||
|||||
## **1.5 Material prior year errors**
No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).
Yes* ü * -Tick as appropriate No* ü
## _**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.**_
10
**Section C**
**(cont)**
**Notes to the accounts**
**Accounting policies**
## **Note 2**
## **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**
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
**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.
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.
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.|Yes
No
N/a|Yes
No
N/a|Yes
No
N/a|
|---|---|---|---|
||ü|ü|ü|
||Yes
No
N/a|||
||ü|ü|ü|
||Yes
No
N/a|||
||ü|ü|ü|
||Yes
No
N/a|||
||ü|ü|ü|
||Yes
No
N/a|||
||ü|ü|ü|
||Yes
No
N/a|||
||ü|ü|ü|
||Yes
No
N/a|||
||ü|ü|ü|
||Yes
No
N/a|||
||ü|ü|ü|
||Yes
No
N/a|||
||ü|ü|ü|
||Yes
No
N/a|||
||ü|ü|ü|
||Yes
No
N/a|||
||ü|ü|ü|
||Yes
No
N/a|||
||ü|ü|ü|
||Yes
No
N/a|||
||ü|ü|ü|
||Yes
No
N/a|||
||ü|ü|ü|
||Yes
No
N/a|||
||ü|ü|ü|
||Yes
No
N/a|||
||ü|ü|ü|
||Yes
No
N/a|||
||ü|ü|ü|
||Yes
No
N/a|||
||ü|ü|ü|
11
|**2.3 ASSETS**
**Intangible fixed assets**
**Heritage assets**
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
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.
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.
**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**|
|Yes
No
N/a|Yes
No
N/a|Yes
No
N/a|
|---|---|---|---|---|
|||ü|ü|ü|
|||Yes
No
N/a|||
|||ü|ü|ü|
|||Yes
No
N/a|||
|||ü|ü|ü|
|||Yes
No
N/a|||
|||ü|ü|ü|
|||Yes
No
N/a|||
|||ü|ü|ü|
|||Yes
No
N/a|||
|||ü|ü|ü|
|||Yes
No
N/a|||
|||ü|ü|ü|
|||Yes
No
N/a|||
|||ü|ü|ü|
|||Yes
No
N/a|||
|||ü|ü|ü|
|||Yes
No
N/a|||
|||ü|ü|ü|
|||Yes
No
N/a|||
|||ü|ü|ü|
|||Yes
No
N/a|||
|||ü|ü|ü|
|||Yes
No
N/a|||
|||ü|ü|ü|
|||Yes
No
N/a|||
|||ü|ü|ü|
|||Yes
No
N/a|||
||||||
||
||||
|||ü|ü|ü|
|||Yes
No
N/a|||
|||ü|ü|ü|
|||Yes
No
N/a|||
|||ü|ü|ü|
|||Yes
No
N/a|||
|||ü|ü|ü|
|||Yes
No
N/a|||
|||ü|ü|ü|
|||Yes
No
N/a|||
|||ü|ü|ü|
|||Yes
No
N/a|||
|||ü|ü|ü|
12
|**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.
**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.
**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.|Yes
No
N/a|Yes
No
N/a|Yes
No
N/a|
|---|---|---|---|
||ü|ü|ü|
||Yes
No
N/a
|||
||ü
|ü|ü|
||Yes
No
N/a|||
||ü|ü|ü|
||Yes
No
N/a|||
||ü|ü|ü|
||Yes
No
N/a|||
||ü|ü|ü|
||Yes
No
N/a|||
||ü|ü|ü|
13
**Section C Notes to the accounts (cont) Note 3 Analysis of income**
|**Other information:**
**Other trading activities:**
**Income from investments:**
**Separate material item of income:**
**TOTAL INCOME**
**Other:**
**Charitable activities:**
**Donations and legacies:**|**Analysis**|**Unrestricted funds**
**Restricted**
**income funds**
**Endowment funds**
**Total funds**
**Prior year**
**£**
**£**|**Unrestricted funds**
**Restricted**
**income funds**
**Endowment funds**
**Total funds**
**Prior year**
**£**
**£**|**Unrestricted funds**
**Restricted**
**income funds**
**Endowment funds**
**Total funds**
**Prior year**
**£**
**£**|**Unrestricted funds**
**Restricted**
**income funds**
**Endowment funds**
**Total funds**
**Prior year**
**£**
**£**|**Unrestricted funds**
**Restricted**
**income funds**
**Endowment funds**
**Total funds**
**Prior year**
**£**
**£**|
|---|---|---|---|---|---|---|
||Donations andgifts|-|-|-|-|46,244|
||Gift Aid|29,380|-|-|29,380|33,032|
||Legacies|-|-|-|-|-|
||Generalgrantsprovided by government/other|-|31,875|-|31,875|29,644|
||Membership subscriptions and sponsorships which
are in substance donations|-|-|-|-||
||Donatedgoods,facilities and services|-|-|-|-|-|
||Other|-|-|-|-||
||**Total**|29,380|31,875|-|
61,255|108,920|
||||||||
||Offering and Tithe|133,148|-|-|133,148|102,542|
|||-|-|-|-|-|
|||-|-|-|-|-|
||Other|-|-|-|-|-|
||**Total**|133,148|-|-|133,148|102,542|
||||||||
|||-|-|-|-|-|
|||-|-|-|-|-|
|||-|-|-|-|-|
||Other|-|-|-|-|-|
||**Total**|-|-|
-|-|-|
||||||||
||Interest income|-|-|-|-|8|
||Dividend income|-|-|-|-|-|
||Rental and leasingincome|8,948|-|-|8,948|16,065|
||Other|-|-|-|-|-|
||**Total**|8,948|-|-|
8,948|16,073|
||||||||
|||-|-|-|-|-|
|||-|-|-|-|-|
|||-|-|-|-|-|
|||-|-|-|-|-|
||**Total**|-|-|
-|-|-|
||||||||
||Conversion of endowment funds into income|-|-|-|-|-|
||Gain on disposal of a tangible fixed asset held for
charity's own use|-|-|-|-|-|
||Gain on disposal of aprogramme related investment|-|-|-|-|-|
||Royalties from the exploitation of intellectualproperty|-|-|-|-|-|
||Other|-|-|-|-|-|
||**Total**|-|-|
-|-|-|
||||||||
|||171,476|31,875|-|203,351|227,535|
||||||||
|**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 conve**
**the reason for the conversion.**|**rted into income in the reporting period, please give**||||||
|||**N/A**|||||
**N/A**
**Within the income items above the following items are material: (please disclose the nature, amount and any prior year amounts)**
14
**(cont)**
**Notes to the accounts**
|**Section C**|**Notes to the**|
|---|---|
|**Note 4**|**Analysis of expenditure**|
|**TOTAL EXPENDITURE**
**Other**
**Separate material item of expense**
**Expenditure on charitable activities**
**Expenditure on raising funds:**|**Analysis**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**|**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|36,292
|42,175|-|78,467|81,164|
||**Total expenditure on raising funds**|36,292|42,175|
-|78,467|81,164|
||||||||
||BAPTISM Expenses|-|-|-|-|1,230|
||Charitable and Political Donations|1,344|-|-|1,344|3,420|
||Volunteer Expenses|2,311|-|-|2,311|1,750|
||Evangelism & Missions|21,037|-|-|21,037|8,948|
||Subscriptions|3,378|-|-|3,378|4,630|
||Staff Training|-|-|-|-|1,575|
||Retreat Expenses|-|-|-|-|-|
||Pastoral Care|-|-|-|-|450|
||HONORARIUM|850|-|-|850|1,500|
||Hospitality|12,066|-|-|12,066|8,508|
||**Total expenditure on charitable**
**activities**|40,986|-|-|40,986|32,011|
||||||||
||Operating Lease Payments|10,649|6,255|-|16,904|-|
|||-|-|-|-|-|
|||-|-|-|-|-|
||**Total**|10,649|6,255|-|16,904|-|
||||||||
||CleaningExpenses|2,497|-|-|2,497|1,058|
||Consulting|-|-|-|-|-|
||Audit & Accountancyfees|2,730|-|-|2,730|2,720|
||Depreciation Expense|28,961|-|-|28,961|28,961|
||Bank Fees|4,711|-|-|4,711|4,788|
||Employers National Insurance|5,058|-|-|5,058|16,773|
||General Expenses|7,955|-|-|7,955|6,028|
||Insurance|535|-|-|535|521|
||Pension Cost|2,336|-|-|2,336|4,954|
||IT Software and Consumables|4,841|-|-|4,841|4,296|
||Printing& Stationery|3,497|-|-|3,497|6,851|
||Motor Vehicle Expenses|789|-|-|789|60|
||Postage,Freight & Courier|72|-|-|72|64|
||Light, Power, Heating|2,666|-|-|2,666|2,666|
||Telephone & Internet|3,911|-|-|3,911|2,224|
||Salaries &wages|13,625|31,875|-|45,500|87,466|
||Travel|3,967|-|-|3,967|6,882|
||**Total other expenditure**|88,154|31,875|-|120,029|176,312|
||||||||
|||176,081|80,305|-|256,386|289,487|
15
## **Section C**
## **Notes to the accounts**
## **Note 5 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|
|730|980|
16
**Notes to the accounts**
## **Section C**
## **(cont)**
## **Note 6 Paid employees** _**Please complete this note if the charity has any employees.**_
## **6.1 Staff Costs**
|**Salaries and wages**
**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**|**This year**
**£**|**Last year**
**£**|
|---|---|---|
||45,500|87,466|
||5,058|16,773|
||2,336|4,954|
||-|-|
||52,895|109,193|
||||
||**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 pension costs) for the reporting period of more than £60,000**
**N/A**
|**Band**|**Number of employees**|
|---|---|
|**£30,000 to £39,999**|2|
|**£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**
**(cont)**
**Notes to the accounts**
## **Note 7 Tangible fixed assets** _**Please complete this note if the charity has any tangible fixed assets**_
## **7.1 Cost or valuation**
|At the beginning of the
year
Additions
Revaluations
Disposals
Transfers *
At end of the year|**Leasehold**
**Improvement**
**£**|**Computer**
**Equipment**
**£**|**Office**
**Equipment**
**s**
**£**|**Fixtures,**
**fittings and**
**equipment**
**£**|
**Total**
**£**|
|---|---|---|---|---|---|
||86,681|16,604|41,522|-|144,807|
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||86,681|16,604|41,522|-|144,807|
## **7.2 Depreciation and impairments**
|****Basis**
**** Rate**
At beginning of the year
Disposals
Depreciation
Impairment
Transfers*
At end of the year
Net book value at the
beginning of the year
Net book value at the
end of the year
**7.3 Net book value**|RB|RB|RB|RB|RB|Straight Line
("SL")|
|---|---|---|---|---|---|---|
||
20%|20%|20%|20%|20%||
||48,516 11,676 28,319 - 88,511
- - - -
-
17,336 3,321 8,304 - 28,961
- - - -
-
- - - -
-
65,852 14,997 36,623 - 117,472
38,165 4,928 13,203 - 56,296
20,829 1,607 4,899 - 27,335||||||
||38,165|4,928|13,203|-|56,296||
||20,829|1,607|4,899|-|27,335||
18
## **7.4 Impairment**
**N/A**
_**Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.**_
## **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**_
_**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 N/A N/A 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 (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**
19
## **Section C Notes to the accounts**
## **(cont)**
## **Note 8 Creditors and accruals**
_**Please complete this note if the charity has any creditors or accruals.**_
## **8.1 Analysis of creditors**
|**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 after**
**more than oneyear**||
||**This year**
**£**|**Last year**
**£**|**This year**
**£**|**Last year**
**£**|
||-|-|-|-|
||-|736|-|-|
||-|-|-|-|
||-|-|-|-|
||-|-|-|-|
||11,642|29,078|-|-|
||96,093|78,323|-|-|
||107,735|108,137|-|-|
## **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**
**£**|
|---|---|---|
||-|-|
||-|-|
||-|-|
||-|-|
20
**(cont)**
**Notes to the accounts**
## **Section C**
|**Note 9**
**Cash at bank and in**
**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**
**£**|
||-|-|
||-|-|
||12,198|5,844|
||-|-|
||12,198|5,844|
21