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← The Woodlands House of Prayer

2025-04-05-accounts

Registered number: 08606484 Charity number: 1156862

THE WOODLANDS HOUSE OF PRAYER

(A company limited by guarantee)

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

THE WOODLANDS HOUSE OF PRAYER

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the Company, its Trustees and advisers 1
Trustees' report 2 - 7
Independent examiner's report 8
Statement of financial activities 9
Balance sheet 10 - 11
Notes to the financial statements 12 - 25

THE WOODLANDS HOUSE OF PRAYER

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025

Trustees A Bensley, Chair
M Tanner, Trustee (Deceased 29 May 2025)
T Boaden, Trustee
A Johnson, Trustee
S Searle, Trustee
Company registered
number
08606484
Charity registered
number
1156862
Registered office
Griffin Chartered Accountants
Courtenay House
Pynes Hill
Exeter
Devon
EX2 5AZ
Company secretary
A Bensley (Resigned on 21 October 2024)
R Oates (Appointed on 16 October 2024)
Accountants
Griffin
Chartered Accountants
Courtenay House
Pynes Hill
Exeter
EX2 5AZ
Bankers
National Westminster Bank
48 Courtenay Street
Newton Abbot
TQ12 2EE
Solicitors
Anthony Collins (formerly Geldards)
134 Edmund Street
Birmingham
B3 2ES

Page 1

THE WOODLANDS HOUSE OF PRAYER (A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025

The Trustees present their annual report together with the financial statements of the Charity for the 1 April 2024 to 31 March 2025. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

a. The Charity's Aims and Main Objectives for 2024/25

Woodlands House of Prayer is a Christian charity rooted in prayer, committed to helping those in need of rest and restoration find new strength and hope through reconnecting with God, each other and nature.

We long for people to ‘Be Restored’ through faith, fellowship and nature

This can broadly be described as Christian well-being.

During 2024-25 the charity has continued its vision to provide resources for Christian well-being and to collaborate with the Lee Abbey Fellowship (a Christian charity with similar aims the Woodlands House of Prayer, and with whom a Memorandum of Understanding has been entered into) through the provision of:

These aims fit well with WHoP’s charitable objects. Many who most need to get away and experience physical and spiritual rest and refreshment are those least able to afford it, providing a bursary to give financial assistance aligns well. Assisting with material improvements to Lee Abbey fits with WHoP’s object to maintain a home where physical and spiritual refreshment is provided.

Page 2

THE WOODLANDS HOUSE OF PRAYER

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Objectives and activities (continued)

b. The Charity's Strategies for achieving its Stated Objectives during 2024/25

The Trustees used the following strategies to achieve its stated objectives:

All the above were designed to:

c. Significant Activities Provided Contributing to Achievement of Stated Objectives

Key activities in 2024/25 have been:

UK benefits means: Child Tax Credit, Council Tax Benefit, Housing Benefit, Incapacity Benefit, Income Support, Jobseekers’ Allowance, Pension Credit, Universal Credit, Working Tax Credit.

Capital grants totalling £52,397 were provided to Lee Abbey to cover 50% of the cost of providing a solar PV array, replacement windows and the purchase of equipment for the farm.

d. Social or Programme Related Investment policies

The charity does not make social or programme related investments.

Page 3

THE WOODLANDS HOUSE OF PRAYER

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Objectives and activities (continued)

e. Grant-making policies

Historically grant-making has not been a significant part of the charity’s activities. With the new MoU between WHoP and the Lee Abbey Fellowship this has changed as described in section a. Financial grants are made to Lee Abbey for the specific purposes described in the MoU (provision of a bursary fund, and grants towards capital projects).

f. Volunteers

The Charity has benefitted from the valued assistance of a small number of volunteers to lead and support the in-person well-being weeks, and to provide administrative assistance to the charity.

Achievements and performance

a. Charitable Activities Undertaken

The charity has continued to :

b. Factors Relevant to Achievement of Objectives

The charity has continued to adapt to new ways of working and achieving its objectives.

The charity continues to be grateful for the support offered by its network of about 350 subscribed “Friends of Brunel Manor” who have the interests of the charity at heart and who have committed to pray regularly for the charity and its future. Our supporters continue to assist the charity financially through donations and legacies.

Page 4

THE WOODLANDS HOUSE OF PRAYER

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Financial review

a. Going concern

As can be seen from the accounts the proceeds from the sale of Brunel Manor have has left significant financial resources for the charity to continue its work in a re-envisioned format going forwards. For this reason, the trustees continue to adopt the going concern basis in preparing financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

The existing Reserves Policy remains in force from previous years and the Charity aims to maintain £60,000 of free reserves. The Charity has free reserves at the year end of £1,638,560, currently exceeding this policy.

c. Principal Funding Sources

The proceeds of the sale of Brunel Manor have been deposited in a number of high interest savings accounts. Interest rates during 2024/25 have begun to reduce, but have still provided a good return which has allowed the charity to fund the bursary and capital grants to Lee Abbey mostly through the interest earned on the charity’s financial assets.

d. Investments

The Trustees of the charity have taken professional financial advice and have placed some of the charity’s financial assets in an investment portfolio which is professionally managed on the charity’s behalf.

Structure, governance and management

a. Constitution

The Woodlands House of Prayer is a charitable company limited by guarantee of its members, incorporated on 11 July 2013 and governed by its memorandum and articles of association.

The Charity Commission consent and other relevant documentation are held in the charity’s archives.

The Trustees continue to establish written policies and guidance for procedures.

b. Methods of appointment or election of Trustees

Persons to be considered for appointment as trustees must personally subscribe to the fundamentals identified in the governing documents. Trustees are members appointed by ordinary resolution by the members at an annual general meeting. The trustees may appoint a member as a trustee during the year, but they must resign at the next annual general meeting and seek re-appointment. Trustees are not required to retire by rotation.

Page 5

THE WOODLANDS HOUSE OF PRAYER (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Structure, governance and management (continued)

c. Organisational structure and decision-making policies

The charity Trustees ensure the vision of the charity’s founders is realised in the most relevant and practical way possible to meet the needs of beneficiaries in today’s society. They give overall direction to the charity and approve policies.

The Trustees may delegate certain day to day operations of the charity to employees under the direction of a nominated trustee.

d. Policies adopted for the induction and training of Trustees

New trustee candidates are fully briefed by existing trustees as to the origins, historical evolution and current position of the charity. They are presented with relevant documents. There is a requirement that, except in exceptional circumstances, candidates attend at least two meetings prior to appointment with the aim of developing a good working relationship.

The induction policy for new trustees has been revised and adopted. This includes a skills audit.

e. Financial Risk Management

The major risks to which the charity is exposed are reviewed by the Trustees, who ensure appropriate controls are in place to provide reasonable assurance against fraud and error. All systems that are established are reviewed regularly in order to mitigate these risks. The board is also committed to keeping up to date with changing employment issues and keeping abreast of new legislation.

f. Public Benefit Statement

During 2024-25 the charity has continued to offer freely available Christian wellbeing resources on the charity’s website.

Concluding Remarks

The trustees continue to be totally united in the task that lies ahead and are committed to the furtherance of the charity’s objects, appropriate to the needs of the charity’s beneficiaries.

Page 6

THE WOODLANDS HOUSE OF PRAYER

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees on _______ and signed on their behalf by: 15/12/2025

................................................ A Bensley (Chair of Trustees)

Page 7

THE WOODLANDS HOUSE OF PRAYER

(A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025

Independent examiner's report to the Trustees of The Woodlands House of Prayer ('the Company')

I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

Responsibilities and basis of report

As the Trustees of the Company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: Dated: 16/12/25 Pp

Laura Waycott FCA

Griffin Chartered Accountants Courtenay House Pynes Hill Exeter EX2 5AZ

Page 8

THE WOODLANDS HOUSE OF PRAYER

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025

Note
Income from:
Donations and legacies
4
Investments
5
Other income
6
Total income
Expenditure on:
Charitable activities
8
Total expenditure
Net expenditure before net gains on
investments
Net gain on investments
Net expenditure
Transfers between funds
16
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2025
£
16,384
50,033
-
66,417
134,593
134,593
(68,176)
1,788
(66,388)
6,148
(60,240)
1,698,800
(60,240)
1,638,560		 Restricted
funds
2025
£
-
-
-
-
-
-
-
-
-
(6,148)
(6,148)
6,148
(6,148)
-		 Total
funds
2025
£
16,384
50,033
-
66,417
134,593
134,593
(68,176)
1,788
(66,388)
-
(66,388)
1,704,948
(66,388)
1,638,560		 Total
funds
2024
£
10,319
64,671
225
75,215
88,927
88,927
(13,712)
-
(13,712)
-
(13,712)
1,718,660
(13,712)
1,704,948

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 12 to 25 form part of these financial statements.

Page 9

THE WOODLANDS HOUSE OF PRAYER

(A company limited by guarantee) REGISTERED NUMBER: 08606484

BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2025

Note
Fixed assets
Investments
12
Current assets
Debtors
13
Investments
14
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one
year
15
Net current assets
Total assets less current liabilities
Net assets excluding pension asset
Total net assets
Charity funds
Restricted funds
16
Unrestricted funds
16
Total funds		 1,978
614,367
29,852
646,197
(2,409)		 2025
£
994,772
994,772
643,788
1,638,560
1,638,560
1,638,560
-
1,638,560
1,638,560		 884
-
196,381
197,265
(7,789)		 2024
£
1,515,472
1,515,472
189,476
1,704,948
1,704,948
1,704,948
6,148
1,698,800
1,704,948

Page 10

THE WOODLANDS HOUSE OF PRAYER

(A company limited by guarantee)

BALANCE SHEET (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees on

_______ and signed on their behalf by: 15/12/2025

A Bensley (Chair of Trustees)

The notes on pages 12 to 25 form part of these financial statements.

Page 11

THE WOODLANDS HOUSE OF PRAYER (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. General information

The Woodlands House of Prayer is a private company, limited by guarantee, domiciled in England and Wales, registration number 08606484. The registered office is Courtenay House, Pynes Hill, Exeter, England, EX2 5AZ.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Woodlands House of Prayer meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevent accounting policy.

2.2 Going concern

The Trustees have undertaken appropriate enquiries and are satisfied that the Charity currently has sufficient resources to continue its operations for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.

The Charity is actively considering the potential cessation of its activities. This would involve the transfer of all assets and liabilities to another registered charity with similar objectives. While no formal decision has been made, it is anticipated that such a transfer may occur within the next few years.

2.3 Income

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

Page 12

THE WOODLANDS HOUSE OF PRAYER (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

2. Accounting policies (continued)

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

2.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.6 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities.

2.7 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.8 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Page 13

THE WOODLANDS HOUSE OF PRAYER (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

2. Accounting policies (continued)

2.9 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

2.10 Financial instruments

The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.11 Pensions

The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.

2.12 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

3. Critical accounting estimates and areas of judgment

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.

Page 14

THE WOODLANDS HOUSE OF PRAYER

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

4. Income from donations and legacies

Unrestricted
funds
2025
£
Donations and legacies
16,384
Unrestricted
funds
2024
£
Donations and legacies
10,319		 Total
funds
2025
£
16,384
Total
funds
2024
£
10,319

5. Investment income

Unrestricted
funds
2025
£
Income from listed investments
4,511
Income from cash investments
45,522
50,033
Unrestricted
funds
2024
£
Income from cash investments
64,671		 Total
funds
2025
£
4,511
45,522
50,033
Total
funds
2024
£
64,671

Page 15

THE WOODLANDS HOUSE OF PRAYER

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

6. Other incoming resources

Reception sales
Analysis of grants
Grants, Donations and Legacies
Grants, Donations and Legacies		 Unrestricted
funds
2024
£
225
Grants to
Institutions
2025
£
105,585
Grants to
Institutions
2024
£
63,033		 Total
funds
2024
£
225
Total
funds
2025
£
105,585
Total
funds
2024
£
63,033

7. Analysis of grants

During the year ended 31 March 2025 the Charity made grant disbursals to Lee Abbey totalling £105,585 (2024 - £63,033).

Page 16

THE WOODLANDS HOUSE OF PRAYER

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

8. Analysis of expenditure by activities

Donations and Legacies
Charitable activities
Donations and Legacies
Charitable activities		 Activities
undertaken
directly
2025
£
-
29,008
29,008
As restated
Activities
undertaken
directly
2024
£
-
25,894
25,894		 Grant
funding of
activities
2025
£
105,585
-
105,585
As restated
Grant
funding of
activities
2024
£
63,033
-
63,033		 Total
funds
2025
£
105,585
29,008
134,593
As restated
Total
funds
2024
£
63,033
25,894
88,927

Page 17

THE WOODLANDS HOUSE OF PRAYER

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

8. Analysis of expenditure by activities (continued)

Analysis of direct costs

Staff costs
Insurance
Accountancy and professional fees
Repairs and maintenance
Postage and stationery
Advertising
Trustee and volunteer expenses
Computer costs
General administartion
Bank charges		 Total
funds
2025
£
-
523
3,811
2,765
177
242
3,867
4,473
150
13,000
29,008		 As restated
Total
funds
2024
£
6,036
691
5,823
2,496
20
314
1,989
7,855
285
385
25,894

9. Independent examiner's remuneration

The independent examiner's remuneration amounts to an independent examiner fee of £930 (2024 - £900) , and an accounts preparation fee of £1,230 ( 2024 - £1,200 ).

Page 18

THE WOODLANDS HOUSE OF PRAYER

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

10. Staff costs

2025
£
Wages and salaries
-
Contribution to defined contribution pension schemes
-
-
The average number of persons employed by the Company during the year was as follows:
2025
No.
Employees
-		 2024
£
5,479
557
6,036
2024
No.
1

No employee received remuneration amounting to more than £60,000 in either year.

The key management personnel of the charity comprise of the Key management personnel as listed on page 1. The total employee benefits of the key management personnel of the charity were £NIL (2024 - £5,479)

11. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2024 - £NIL) .

During the year ended 31 March 2025, expenses totalling £ 495 were reimbursed or paid directly to 3 Trustees (2024 - £1,989 to 5 Trustees) .

Page 19

THE WOODLANDS HOUSE OF PRAYER

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

12.
Fixed asset investments
Cost or valuation
At 1 April 2024
Additions
Disposals
Revaluations
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024
13.
Debtors
Due within one year
Other debtors
Prepayments and accrued income
14.
Current asset investments
Fixed term deposit investments		 Investments
£
1,515,471
1,066,946
(1,588,276)
631
994,772
994,772
1,515,471		 Other fixed asset
investments
£
1
-
(1)
-
-
-
1
2025
£
495
1,483
1,978
2025
£
614,367		 Total
£
1,515,472
1,066,946
(1,588,277)
631
994,772
994,772
1,515,472
2024
£
884
-
884
2024
£
-

Page 20

THE WOODLANDS HOUSE OF PRAYER

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

15. Creditors: Amounts falling due within one year

Trade creditors
Amounts owed to trading subsidiary
Other creditors
Accruals and deferred income		 2025
£
193
-
56
2,160
2,409		 2024
£
352
5,687
-
1,750
7,789

16. Statement of funds

Statement of funds - current year

Unrestricted
funds
General fund
Restricted
funds
Garden fund
Carpets and
furnishings
Pool building
Chapel fund
Hospitality fund
Nominated fund
Total of funds		 Balance at 1
April 2024
£
1,698,800
20
1,563
20
1,014
2,226
1,305
6,148
1,704,948		 Income
£
66,417
-
-
-
-
-
-
-
66,417		 Expenditure
£
(134,593)
-
-
-
-
-
-
-
(134,593)		 Transfers
in/out
£
6,148
(20)
(1,563)
(20)
(1,014)
(2,226)
(1,305)
(6,148)
-		 Gains/
(Losses)
£
1,788
-
-
-
-
-
-
-
1,788		 Balance at
31 March
2025
£
1,638,560
-
-
-
-
-
-
-
1,638,560

Page 21

THE WOODLANDS HOUSE OF PRAYER

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

16. Statement of funds (continued)

Garden fund

Donations received towards garden improvements and equipment.

Carpets and furnishings

Donations were received for flooring and fixtures. The transfer is where funds have been used to purchase fixed assets and the restriction has therefore been satisfied.

Hospitality fund

Donations were received for contributions to enable people to visit the Manor who would not be able to without the support.

Pool building fund

Donations were received to be used towards renovating the pool building.

Chapel fund

Fund for plans to convert several single bedrooms in 1st Floor Woodlands Wing to create a dedicated Chapel.

Nominated fund

Restricted income recieved from multiple sources of small amounts to be used towards the upkeep of the manor.

The Trustees have taken all necessary action and unanimously agreed to transfer all above unspent restricted funds into unrestricted as at 31 March 2025.

Page 22

THE WOODLANDS HOUSE OF PRAYER

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

16. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
General fund
Restricted funds
Garden fund
Carpets and furnishings
Pool building
Chapel fund
Hospitality fund
Nominated fund
Total of funds		 Balance at
1 April 2023
£
1,712,512
20
1,563
20
1,014
2,226
1,305
6,148
1,718,660		 Income
£
75,215
-
-
-
-
-
-
-
75,215		 Expenditure
£
(88,927)
-
-
-
-
-
-
-
(88,927)		 Balance at
31 March 2024
£
1,698,800
20
1,563
20
1,014
2,226
1,305
6,148
1,704,948

Page 23

THE WOODLANDS HOUSE OF PRAYER

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

17. Summary of funds

Summary of funds - current year

General funds
Restricted funds		 Balance at 1
April 2024
£
1,698,800
6,148
1,704,948		 Income
£
66,417
-
66,417		 Expenditure
£
(134,593)
-
(134,593)
Balance at
1 April 2023
£
1,712,512
6,148
1,718,660		 Transfers
in/out
£
6,148
(6,148)
-
Income
£
75,215
-
75,215		 Gains/
(Losses)
£
1,788
-
1,788
Expenditure
£
(88,927)
-
(88,927)		 Balance at
31 March
2025
£
1,638,560
-
1,638,560
Balance at
31 March
2024
£
1,698,800
6,148
Summary of funds - prior year
General funds
Restricted funds
1,704,948

18. Analysis of net assets between funds Analysis of net assets between funds - current year

Unrestricted
funds
2025
£
Fixed asset investments
994,772
Current assets
646,197
Creditors due within one year
(2,409)
Total
1,638,560		 Total
funds
2025
£
994,772
646,197
(2,409)
1,638,560

Page 24

(A company limited by guarantee)

THE WOODLANDS HOUSE OF PRAYER

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

18. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Fixed asset investments
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2024
£
1,515,472
191,117
(7,789)
1,698,800		 Restricted
funds
2024
£
-
6,148
-
6,148		 Total
funds
2024
£
1,515,472
197,265
(7,789)
1,704,948

19. Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £NIL (2024 - £557). Contributions totalling £Nil (2024 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.

20. Members' liability

Each member of the charitable company undertakes to contribute to the assets of the company in the event of it being wound up while he/she is a member, or within one year after he/she ceases to be a member, such amount as may be required, not exceeding £1 for the debts and liabilities contracted before he/she ceases to be a member.

21. Related party transactions

The Charity has not entered into any related party transactions during the year, nor are there any outstanding balances owing between related parties and the Charity at 31 March 2025.

Page 25