2023-12-31-accounts - Woodford Christian Life Fellowship

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CHARITY REGISTRATION NUMBER: 1169729

WOODFORD CHIRSTIAN LIFE FELLOWSHIP Unaudited Financial Statements

31 December 2023

WOODFORD CHRISTIAN LIFE FELLOWSHIP

Financial Statements

Year ended 31 December 2023

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 2023

The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2023.

Reference and administrative details

Registered charity name	WOODFORD CHIRSTIAN LIFE FELLOWSHIP
Charity registration number	1169729
Principal office	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 (continued)

Year ended 31 December 2023

Structure, governance and management

Woodford Christian Life Fellowship ("Woodford CLF") 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 trustees are pleased to present their report on financial statements for the year ended 31 December 2023. The trustees 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 (SORP), accounting and recorded by Charities and the applicable accounting standard FRS102.

The trustees also confirmed that they have:

(a) complied with the duty in section 4 of the 2006 ACT to have due regard to guidance on public benefit published by the commission;

(b) complied with their duty to have due regard to the guidance on public benefit published by the commission in exercising their powers and duties;

At 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 respoibilities, 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 both faith and community work. The charity encourages all its members to be involved in voluntary activities and now has over 11 volunteers who regularly give of their time. All members who work with children and vulnerable groups are always DBS checked

WOODFORD CHIRSTIAN LIFE FELLOWSHIP

Trustees' Annual Report (continued)

Year ended 31 December 2023

Objectives and activities

The purpose of the charity is to advance the Christian faith within the UK and throughout the world.

Our emphasis for 2023 will be ‘Kingdom Advancing through the power of the Holy Spirit.’

ACTS 1:8 AMP

But you will receive power and ability when the Holy Spirit comes upon you; and you will be My

witnesses [to tell people about Me] both in Jerusalem and in all Judea, and Samaria, and even to the

ends of the earth.”

Mission: Making Disciples of Jesus Christ

Vision: To be a house of prayer & to raise up a youth generation with kingdom vision, kingdom impact, and kingdom mandate.

Goals for 2023

Establish Kings House as a house of prayer
Build a New Generation Youth ministry
Strengthen unity within church

WOODFORD CHIRSTIAN LIFE FELLOWSHIP

Trustees' Annual Report (continued)

Year ended 31 December 2023

Achievements and performance

There was an emphasis this year to build the youth ministry and raise up a youth generation with kingdom mindedness. Bible studies, socials and outreach activities were organized. The impact was minimal however there was a significant growth and development amongst the core members of the youth group.

Kings House (Woodford CLF) continued to join Christian Life Fellowship our wider church community as it hosted various activities throughout the year. These activities included annual conferences, CLF 29[th] Anniversary Celebration, Global Missions Conference, Embrace New Year eve service. Other meetings included Tipping Point services, Daughters of the King mentoring and fellowship, CLF UK leaders retreat and various prayer activities. We also continued our partnership with International Christian Women’s Network (iCWN) Women events.

The highlights and achievements for the year commenced with the weekly online services and discipleship groups followed by the monthly face-to-face celebration services. These celebration services was the highlight of each month giving opportunity for fellowship and interaction. The youth and younger generation were very engaged in the life of the church and weekly services.

The weekly online New Gen Kids Church continued to be popular amongst the children. The children enjoyed the interaction with each other and the teachers. They were impacted with lively illustrations, creative activities and teaching. In August New Gen Kids hosted a day out to Flipper Roller Skating in Westfield. Throughout the year senior leaders were meeting to discuss the proposal of merging with CLF UK our wider community, the consultation process continued throughout the year.

The discipleship groups continued to meet weekly with teaching and fellowship. The youth cell meeting continued to gather momentum and allowed the youth to debate, engage and fellowship with each other. Our missionary personal in Gambia moved to Kenya with his family and sadly our missionary work in Gambia for this season has come to an end.

Highlights of other 2023 activities

21 Prayer & fasting 9[th] – 29[th] Jan
Leaders day In 22[nd] Jan
Weekly discipleship groups
Monthly Tipping Point Services
Monthly joint services
Joint half night prayer (last Friday in each moth)
Prayer walking and leafleting in Buckhurst Hill area April
Streamed online services and monthly face to face celebrations services
Global 14 day Prayer and fasting 4[th] -17[th] March
CLF Kingdom Advancing Anniversary Services 17[th] -19[th] Mar
7 day prayer & fasting 2[nd] – 8[th] Apr
Easter evangelistic service: 9[th] Apr
Daughters of the King half night 9[th] June
Daughters of the King Fellowship 17[th] June
14 Day prayer & Fasting 14[th] – 26[th] July
CLF UK Leaders retreat 27[th] – 30[th] July
Merger consultation announced at leaders retreat
WoW Prayer Retreat 4[th] – 6[th] Aug
New Generation Kids Day Out Flipper Roller Skating Westfield summer outing 23[rd] Aug
WoW Midnight Watch prayer meetings
Kingdom Marriages Seminar 9[th] Sept
Daughters of the King Fellowship 16[th] Sept
14 Day Prayer & Fasting 13[th] -26[th] Oct

WOODFORD CHIRSTIAN LIFE FELLOWSHIP

Trustees' Annual Report (continued)

Year ended 31 December 2023

CLF Global Missions Conference 27[th] – 29[th] Oct
7 Day prayer & Fasting 5[th] – 11[th] Nov
Daughters of the King Half night prayer 17[th] Nov
Anniversary meal 10[th] Nov
Woodford Anniversary Services 19[th] Nov
Joint online Christmas Service 25[th] Dec
CLF Embrace Watch night Service 31[st] Dec

WOODFORD CHIRSTIAN LIFE FELLOWSHIP

Trustees' Annual Report (continued)

Year ended 31 December 2023

Financial review

Woodford Christian Life Fellowship ended the year with a surplus on general funds of £2,827 (2022 £9,431 deficit) the details of which can be seen in the annexed financials statements (and notes) for the period.

The Trustees are very thankful to all the members (and other stakeholders) for their continuous generosity which enables the Trust to maintain it`s array of charitable activities under tight 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 trustees would like to work towards maintaining unrestricted funds at a level, which equals approximately 9 months of unrestricted expenditure.

WOODFORD CHIRSTIAN LIFE FELLOWSHIP

Trustees' Annual Report (continued)

Year ended 31 December 2023

Plans for future periods

Our emphasis for 2024 will be ‘Kingdom Advancing through the power of the Holy Spirit.’

Zech 4:6

‘…Not by might nor by power, but by My Spirit, says the Lord of hosts’

Mission: Making Disciples of Jesus Christ

Vision: To be a house of prayer & to raise up a youth generation with Kingdom vision, Kingdom Impact, and Kingdom Mandate.

Goals for 2024

Establish Kings House as a house of prayer
Build a New Generation Youth ministry
Strengthen unity within church
Work through merger consultation process

The trustees' annual report was approved on the 26[th] October 2024 and signed on behalf of the board of trustees by:

Mr P Ankrah Trustee

WOODFORD CHIRSTIAN LIFE FELLOWSHIP

Independent Examiner's Report to the Trustees of WOODFORD CHIRSTIAN LIFE FELLOWSHIP

Year ended 31 December 2023

I report to the trustees on my examination of the financial statements of WOODFORD CHIRSTIAN LIFE FELLOWSHIP ('the charity') for the year ended 31 December 2023.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner'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 form and content of accounts set 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 a proper understanding of the accounts to be reached.

Mr U Ajaelu Independent Examiner Leanbase Ltd 89 Denmark Hill London SE5 8AA

14/10/2024

WOODFORD CHIRSTIAN LIFE FELLOWSHIP

Statement of Financial Activities

Year ended 31 December 2023

		2023		2022
		Unrestricted
		Funds	Total funds	Total funds
		£	£	£
	Note
Income and endowments
Donations and legacies	4	23,417	23,417	16,345
Total income		23,417	23,417	16,345
Expenditure
Expenditure on charitable activities	5,6	20,590	20,590	25,776
Total expenditure		20,590	20,590	25,776
Net income and net movement in funds		2,827	2,827	(9,431)
Reconciliation of funds
Total funds brought forward		35,774	35,774	45,205
Total funds carried forward		38,601	38,601	35,774

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The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

WOODFORD CHIRSTIAN LIFE FELLOWSHIP

Statement of Financial Position

31 December 2023

		2023	2022
	Note	£	£
Fixed assets
Tangible fixed assets	12	859	1,289
Current assets
Debtors	13	24,144	20,594
Cash at bank and in hand		13,848	14,641
		37,992	35,235
Creditors: amounts falling due within one year	14	250	750
			`_ _`
Net current assets		37,742	34,485
			`______`
Total assets less current liabilities		38,601	35,774
		`______`	`______`
Net assets		38,601	35,744
Funds of the charity
Unrestricted funds		38,601	35,774
		`______`	`______`
Total charity funds	15	38,601	35,774

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These financial statements were approved by the board of trustees and authorised for issue on the 26[t h] October 2024, and are signed on behalf of the board by:

Mr P Ankrah Trustee

The notes on the following pages form part of these financial statements.

WOODFORD CHIRSTIAN LIFE FELLOWSHIP

Notes to the Financial Statements

Year ended 31 December 2023

1. General information

The charity is a public benefit entity and is registered as a Charitable Incorporated Organisation (CIO) in England and Wales. The address of the principal office is 87 Trafalgar Road, Greenwich, London, SE10 9TS.

2. 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 Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.

3. Accounting policies

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 sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements 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 factors, including expectations of future events that are believed to be reasonable under the circumstances.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted 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 sub-classes: restricted income funds or endowment funds.

WOODFORD CHIRSTIAN LIFE FELLOWSHIP

Notes to the Financial Statements (continued)

Year ended 31 December 2023

3. Accounting policies (continued)

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated 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 unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

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 to which it relates:

expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, 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 relating to the governance of the charity apportioned to charitable activities.
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

WOODFORD CHIRSTIAN LIFE FELLOWSHIP

Notes to the Financial Statements (continued)

Year ended 31 December 2023

3. Accounting policies (continued)

Tangible assets (continued)

An increase in the carrying amount 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 carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous 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% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, 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 at each reporting date.

For the purposes of impairment testing, when it is not possible to 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 goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

4. Donations and legacies

Donations and legacies
		UnrestrictedTotal Funds		Unrestricted	Total Funds
		Funds	2023	Funds	2022
		£	£	£	£
Donations
Tithes & Offering		19,867	19,867	13,545	13,545
Gift Aid Recoverable		3,550	3,550	2,800	2,800
	`___`		`______`	`______`	`______`
		23,417	23,417	16,345	16,345

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WOODFORD CHIRSTIAN LIFE FELLOWSHIP

Notes to the Financial Statements (continued)

Year ended 31 December 2023

5. Expenditure on charitable activities by fund type

	UnrestrictedTotal Funds	UnrestrictedTotal Funds	Unrestricted	Unrestricted		Total Funds
	Funds	2023	Funds			2022
	£	£
Church Services & Departmental	10,036	10,036	10,036			11,728
						£
Mission Giving & Outreach	3,626	3,626		3,626		6,958
Support costs	6,928	6,928		6,928		7,090
			`_`	`___`	`__`	`_`
	20,590	20,590		20,590		25,776
					`

6. Expenditure on charitable activities by activity type

6.	Expenditure on charitable activities by activity type	Expenditure on charitable activities by activity type
	Activities
	Undertaken			Total funds	Total fund
	directly		Support costs	2023	2022
		£	£	£	£
	Church Services & Departmental	10,036	4,906	14,942	16,310
	Mission Giving & Outreach	3,626	1,772	5,398	9,196
	Governance costs	–	250	250	270
		13,662	6,928	20,590	25,776
7.	Analysis of support costs
				Total 2023	Total 2022
			£	£	£
	General office		1,704	1,704	4,005
	Governance costs		250	250	270
	Rent		4,238	4,238	1,918
	Insurance		306	306	323
	Heating		-	-	144
	Depreciation		430	430	430
					`____`
			6,928	6,928	7,090
8.	Net income
	Net income is stated after charging/(crediting):
				2023	2022
				£	£
	Depreciation of tangible fixed assets			430	430
9.	Independent examination fees
				2023	2022
				£	£
	Fees payable to the independent examiner for:
	Independent examination of the financial statements			250	250

WOODFORD CHIRSTIAN LIFE FELLOWSHIP

Notes to the Financial Statements (continued)

Year ended 31 December 2023

10. Staff costs

The average head count of employees during the year was Nil (2022: Nil).

No employee received employee benefits of more than £60,000 during the year (2022: Nil).

11. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.

12. Tangible fixed assets

			Equipment
			£
	Cost
	At 1 January 2023		5,566
	Additions for the year		-
	At 31 December 2023		5,566
	Depreciation
	At 1 January 2023		4,277
	Charge for the year		430
	At 31 December 2023		4,707
	Carrying amount
	At 31 December 2023		859
	At 31 December 2022		1,289
13.	Debtors
		2023	2022
		£	£
	Trade debtor	24,144	17,794
14.	Creditors: amounts falling due within one year
		2023	2022
		£	£
	Trade Creditors	250	750

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WOODFORD CHIRSTIAN LIFE FELLOWSHIP

Notes to the Financial Statements (continued)

Year ended 31 December 2023

15. Analysis of charitable funds

Unrestricted funds
	At 1st January 2023			At 31st December 2023
	£	Income	Expenditure	£
		£	£
General funds	35,774	23,417	(20,590)	38,601
	At 1st			At 31st
	January			December
	2022			2022.
		Income	Expenditure
	£	£	£	£
General funds	45,205	16,345	(25,776)	35,774

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16. Analysis of net assets between Funds

16. Analysis of net assets between Funds
	Unrestricted	Total Funds
	Funds	2023
	£	£
Tangible fixed assets	859	859
Current assets	37,992	37,992
Creditors less than 1 year	(250)	(250)
	`______`	`______`
Net assets	38,601	38,601
	Unrestricted	Total Funds
	Funds	2022
	£	£
Tangible fixed assets	1,289	1,289
Current assets	35,235	35,235
Creditors less than 1 year	(750)	(750)
		`_ _____`
Net assets	35,774	35,774

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