Woodford Christian Life Fellowship Trustees Annual Report & Accounts For the year ended 31 st December 2020 Registered Charity number 1169729
WOODFORD CHRISTIAN LIFE FELLOWSHIP Financial Statements Year ended 31 December 2020 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activities Statement of financial position Notes to the financial statements
WOODFORD CHIRSTIAN LIFE FELLOWSHIP Trustees. Annual Report Year ended 31 December 2020 The trustees present their report and independenuy examined financial statements of the charity for the year ended 31 December 2020. Reference and admlnlstratlve detalls Reglstered charlty name WOODFORD CHIRSTIAN LIFE FELLOWSHIP Charlty reglstratlon number 1169729 Prlnclpal offlce 87 TRAFALGAR ROAD LONDON SE10 9TS UK The trustees Ms Amaning Mr Ankrah Mr Komolafe Independent examiner Mr U Ajaelu Leanbase Ltd 89 Denmark Hill London SE5 8AA
WOODFORD CHIRSTIAN LIFE FELLOWSHIP Trustees. Annual Report (contlnued) Year ended 31 December 2020 Structure. governance and management W(x)dford Christian Life Fellowship I'woodford CLF"I became a registered Charity on 18th October 2016 the Trustees who served during this period are set out on in the Reference and administrative details section above. The trLJStees are pleased to present their report on financial statements for the year ended 31 December 2020. The Iruslees confirmed that the annual report and financial statement comply with the current statutory requirement, the requirements of the governing document and the statement of recommended practice ISORP}, accounting and recorded by Charities and the applicable accounting stsndard FRS102. The trustees also confirmed that they have.. lal complied with the duty in section 4 of the 2006 ACT lo have due regard to guidance on PLJblic benefit published by the commission. Ibl complied with their duty lo have due regard to the guidance on public benefit published by the commission in exercising their powers and duties., Al present, Woodford Christian Life Fellowship has three trustees from a variety of professional backgrounds relevant to the activities of the charity. Where there is a need for new Trustees, these would be identified and appointed by the current Trustees. The chair of Trustees is responsible for the induction of any new Trustees which involves awareness training of a Trustee's duties and responsibilities, the governing document, administrative procedures, the history and ethos of the charity. A new Trustee will also receive a copy of the previous year's annual report and a copy of the Charity Commission leaflet'The Essential Trustee.. What You Need to Know.. Woodford Christian Life Fellowship considers it's volunteers as one of its main resources in tx)Ih faith and community work. The charity encourages all its members to be involved in voluntary activities and now has over 13 volunteers who regularly give of their lime. Al members who work with children and VLJlnerable groups are always DBS checked
WOODFORD CHIRSTIAN LIFE FELLOWSHIP Trustees. Annual Report (contlnued) Year ended 31 December 2020 Objectives and activities The purpose of the charity is to advance the Christian faith within the UK and throughout the world. Our emphasis for 2020 was Kingdom IMPACT. Kingdom IMPACT to make disciples locally, nationally and internationally through the PLJrsuit of God's kingdom Key Text.. Matthew 6..33 Bul seek first the kingdom of God and His righteousness, and all these things shall be added to you. We carried this out by.. Equipping our members to be disciples of Christ through their pursuit of the kingdom of God Equipping our local Church family lo affect the immediate community where we gather to worship on a Sunday Fulfilling our mandate of world missions nationally and globally as an international family of believers Our vision is to build up the local church and our goals for 2020 were lo= Reslruclure, Strengthen & establish the local Church Strengthen the Children's ministry Strengthen the online prayer meetings Strengthen the Membership Develop Program Plant 2 Cell groups in Snaresbrook & South Woodford Explore planting churches in Brazil, Gambia & Belfast Find a new venue and service time change to 11am-1pm
WOODFORD CHIRSTIAN LIFE FELLOWSHIP Trustees. Annual Report (contlnued) Year ended 31 December 2020 Achievements and performance DLJring the year our emphasis was 'Kingdom Impact. and this was expressed through encouraging our members in pursuing and developing being disciples of JesLJS Christ. In our weekly services we sought to empower our members to have impact as disciples. We gol involved in meetings and conferences that were hosted by our wider chLJrch community Christian Lrfe Fellowship, these meetings included Stronger Men & Daughters of the King mentoring Forums, CLF Annual Celebration, Refresh Conference & Missions Conference. We partnered with International Christian Women's Network liCWN) for their annual Women of the Watch weekend prayer conference. The other great achievement was The Mature Women's Ministry sent resources of Bibles, clothes and other items lo partnering ministries and an orphanage in Gambia. We Continued supporting a small fellowship in Gambia in a town called Kotu. The year of 2020 there was a pandemic that brought many challenges in achieving our goals as we had to meet online. Highlights of other 2020 activities., Prayer nights Leaders and workers meetings - Online ServIS - Stronger Men mentoring groups & conference - CLF Anniversary Celebration Online Easter Celebration 21 Prayer and fasting Refresh Conference Online New Believers Course Wow Midnight Watch prayer meetings We Care Food Hamper distribution - Wow Online Conference (women's prayer weekend I Daughters of the King mentoring forum Missions Conference - Online 9th Anniversary Servi Online Walchnight Service Financial review Woodford Christian Lrfe Fellowship ended the year with a surplus on general funds of £23.32712019 £15,740 surplus) the details of which can be seen in the annexed financials statements land noleslfor the period. The Trustees are very thankful to all the members land other stakeholders) for their ¢onlinuous generosity which enables the Trust to maintain il's array of charitable activities under light economic circumstances. The trustees will continue to take into account value for money against impact when delivering the Trust's strategic objectives. In terms of reserves policy, the Iruslees would like lo work towards maintaining unrestricted funds al a level which equals approximately 9 months of unrestricted expenditure.
WOODFORD CHIRSTIAN LIFE FELLOWSHIP Trustees. Annual Report (contlnued) Year ended 31 December 2020 Plans for future period5 Our theme for 2021 is'Pursuing the Kingdom of God. by.. Pursuing discipleship Impacting our local community National & Overseas missions Our goals for 2021 are Strengthen the children ministry under the name New Generation Kids Start a youth ministry called New Generation Youth ConlinLJe lo stream our services Men's Ministry, Women's Ministry Reslruclure our pastoral team Strengthen the Cell Ministry Strengthen the online prayer ministry Missions to Belfast & India The trustees. annual report was approved on 25 October 2021 and signed on behalf of the board of trustees by.. Mr P Ankrah Trustee
WOODFORD CHIRSTIAN LIFE FELLOWSHIP Independent Examinerfs Report to the Trustees of WOODFORD CHIRSTIAN LIFE FELLOWSHIP Year ended 31 December 2020 report to the trustees on my examination of the financial statements of WOODFORD CHIRSTIAN LIFE FELLOWSHIP I'the charity) for the year ended 31 December 2020. Responslbllltles and basls of report As the Iruslees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 I'lhe Act'l. I report In respect of my examination of the charills financial statements carried out under section 145 of the 2011 Act and in carrwng out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515}Ibl of the Act. Independent examlner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the Act., or the financial statements do not accord with those records- or the financial statements do not comply with the applicable requirements concerning the fom) and content of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 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. 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 8 proper understanding of the accounts lo be reached. Mr U Ajaelu Independent Examiner Leanbase Ltd 89 Denmark Hill London SE5 8AA 1511012021
WOODFORD CHIRSTIAN LIFE FELLOWSHIP Statement of Financial Activities Year ended 31 December 2020 2020 Unrestricted funds Total funds Total funds 2019 Note Income and endowmènts Donations and legacies Total income 27,541 27,541 24,717 27,541 27,541 24,717 Expenditure Expenditure on charitable activities Total gxpgndituro 9,547 9,547 17,130 9,547 9,547 17,130 Net income and net movement in funds 17,994 17,994 7,587 Reconciliation of funds Total fLJnds brought forward Total funds carrled forward 23.327 23,327 15,740 41,321 41,321 23,327 The ststement of financi81 activities includes all gains and losses recognised in the year. Al income and expenditure derive from continuing activities. The notes on pages 9 to 14 fomi part of these financial statements.
WOODFORD CHIRSTIAN LIFE FELLOWSHIP Statement of Financial Position 31 December 2020 2020 2019 Note Fixed assets Tangible fixed assets 12 63 888 Current assets Debtors Cash at bank and in hand 13 13,794 27,714 9,086 15,274 41,508 24,360 Creditors.. amounts falling due within one year Net current assets 14 250 1,921 22,439 41,258 Total assets less current liabilities 41,321 23,327 Net assets 41,321 23,327 Funds of the charlty Unreslrieled funds 41,321 23,327 Total charity funds 15 41,321 23,327 These financial statements were approved by the board of trustees and authorised for issue on 18 October 2021 and are signed on behalf of the board by.. Mr P Ankrah Trustee The notes on pages 9 to 14 fomi part of these financial statements.
WOODFORD CHIRSTIAN LIFE FELLOWSHIP Notes to the Financial Statements Year ended 31 December 2020 General information The charity is a PLJblic benefit entity and is registered as a Charitable Incorporated Organisalion ICIO) in England and Wales. The address of the principal office is 87 Trafalgar Road, Greenwich, London, SE10 9TS. Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and RepLJblic of Ireland IFRS 1021 (Charities SORP IFRS 1021} and the Charities Act 2011. Accounting polieies Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in steding. which is the functional currency of the entity. Going concern There are no material uncertalllties about the charitys ability lo continue. Judgements and key sources of estimation uncertainty The preparation of the financial slalements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other f8Ctors, including expectstions of future events that are believed lo be reasonatile under the circumstances. Fund accounting Unrestricted funds are available for use at the discretion of the trustees lo further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the Iruslees for particular future project or commitment. Reslricled funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sul>classes- restricted income funds or endowment funds.
WOODFORD CHIRSTIAN LIFE FELLOWSHIP Notes to the Financial Statements Icontlnuedj Year ended 31 December 2020 Accounting policies {conllnued) Incomlng reSoUe8 All incoming resources are inclLJded in the statement of financial activities when entitlement has passed lo the charity,. it is probable that the economic benefits associated with the transaction will ow lo the charity and the amount can be reliably measured. The following specrfic policies are applied to particular categories of income.. income from donations or grants is recognised when there is evidence of entiuement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and enlillemenl is established. income from donated goods is measured al the fair value of the goods unless this is impractical to measure reli8bly, in which case the value is derived from the cost lo the donor or the eslimaled resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unreslricled funds unless there is a conlraclual requirement for il to be spent on a particular purpose and returned if unspent, in which case il may be regarded as restricted. Resources oxpondod Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities lo which il relates- expenditure on raising funds includes the costs of all fundraising activities, events, non- charitable trading aclivilies, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relattng to the governance of the charity apportioned lo charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable aclivilies. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable lo a single acb.vity are allocated directly lo that activity- Shared costs are apportioned between the activities they contribute to on a reasonable, iustrfiable and consistent basis. Tanglble assets Tangible assets are initially recorded al cost, and subsequently slated at cost less any accumulated depreciation and Impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the dale of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. 10
WOODFORD CHIRSTIAN LIFE FELLOWSHIP Notes to the Financial Statements Icontlnuedj Year ended 31 December 2020 Accounting policies {conllnued) Tangible assets (conllnued) An increase in the carrwng amoLJnt of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carryng amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except lo which it offsets any previoLJS revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Equipment 25°/o straight line Impalmient of flxed assets A review for indicators of impairment is earried out al each reporting dale, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal al each reporting date. For the purposes of impairment testing, when it is not possible lo estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash- generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwll acquired in a business combination is, from the acquisition date, allocated to each of the cash-generaling units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned lo those units. Donatlons and legacles Unrestricted Total Funds Unreslricled Total Funds Funds 2020 Funds 2019 Donations Tithes & Offering Gift Aid Recoverable 22,833 4,708 22,833 4,708 18,775 1,638 18.775 1,638 Grants Grants 4,304 4,304 27,541 27,541 24,717 24,717 11
WOODFORD CHIRSTIAN LIFE FELLOWSHIP Notes to the Financial Statements Icontlnuedj Year ended 31 December 2020 Expenditure on charitable activities by fund type Unrestricted Total Funds Unreslricled Total Funds Funds 2020 Funds 2019 Church Services & Departsmenlal Mission Giving & Outreach Support costs 3,201 1,412 4,934 3,201 1,412 4,934 3,620 2,450 11,060 3,620 2,450 11,060 9,547 9,547 17,130 17,130 Expendlture on charltable actlvltles by actlvlty type Activities undertaken directly Support costs Total funds 2020 Total fund 2019 Church Services & Departmental Mission Giving & Outreach Governance costs 3.201 1,412 3,834 850 250 7,035 2,262 250 12,459 4,421 250 4,613 4,934 9,547 17,130 Analysis of support costs Service and Departmental Total 2020 Tol812019 General offi Governance costs Rent InsLJrance Heating Depreciation 832 250 2,704 229 832 250 2,704 229 94 825 1,723 250 7,636 197 429 825 825 4,934 4,934 11,060 Net income Nel income is staled after chargingllcrediling): 2020 2019 Depreciation of tsngible fixed assets 825 825 Indepgndgnt gxamination f99S 2020 2019 Fees payable lo the independent examiner for- Independent examination of the financial statements 250 13
WOODFORD CHIRSTIAN LIFE FELLOWSHIP Notes to the Financial Statements Icontlnuedj Year ended 31 December 2020 10. Staff costs The average head count of employees during the year was Nil12019.. Nil)- No employee received employee benefits of more than £60,000 during the year12019.. Nill- 11. Trustee remuneratlon and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. 12. Tanglble flxed assets Equlpment Cost At 1 January 2020 and 31 December 2020 Depreciation At 1 January 2020 Charge for the year At 31 December 2020 3,274 2,386 825 3,211 Carrying amount At 31 December 2020 63 At 31 December 2019 888 13. Debtors 2020 2019 Trade debtors 13,794 9,086 14. Creditors: amounts falling due within one year 2020 2019 Accruals and deferred income 250 1,921 13
WOODFORD CHIRSTIAN LIFE FELLOWSHIP Notes to the Financial Statements Icontlnuedj Year ended 31 December 2020 15. Analysi5 of charitable funds Unrestrlcted funds At 1 January 202 At 31 December 2020 In¢ome Expenditure General funds 23,327 27,541 19,5471 41,321 At 1 January 201 At 31 December 2019 Income Expenditure General funds 15,740 24,717 117,130) 23,327 16. Analysis of net assets between funds Unrestricted Total Funds Funds 2020 Tangible fixed assets Current assets Creditors less than 1 year Net assets 63 41,508 {2501 41,321 63 41,508 12501 41,321 Unrestricted Total Funds Funds 2019 Tangible fixed assets Current assets Creditors less than 1 year Net assets 888 24,360 11,9211 23,327 888 24,360 {1,9211 23,327 14