2024-12-31-accounts - Woodford Christian Life Fellowship

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CHARITY REGISTRATION NUMBER: 1169729

WOODFORD CHIRSTIAN LIFE FELLOWSHIP Unaudited Financial Statements

31 December 2024

WOODFORD CHRISTIAN LIFE FELLOWSHIP

Financial Statements

Year ended 31 December 2024

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 2024

The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2024.

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 Hill
	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 2024

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 2024. 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 2024

Objectives and activities

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

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

WOODFORD CHIRSTIAN LIFE FELLOWSHIP

Trustees' Annual Report (continued)

Year ended 31 December 2024

Achievements and performance

Throughout the year there was an emphasis on building the next generation of leaders by focusing on the youth through discipleship and encouraging ministry involvement. This was achieved by partnering with Christian Life Fellowship (CLF), our wider community. The youth engaged in weekly Bible studies, prayer meetings, monthly youth services and youth socials.

Woodford CLF worked even closer with CLF throughout the year. It was a significant year for CLF as we celebrated 30 years of ministry, which was commemorated at the CLF anniversary service and a special dinner at the end of the year. There were various joint activities throughout the year, including Tipping Point services, monthly joint celebrations services, Kingdom Marriages seminar and Embrace; our new years eve service. The partnership with iCWN continued and we supported the Women of the watch seminar and engaged in the Women of the Watch prayer events.

The highlights and achievements for the year was a smooth transition of working closer with the wider community of CLF. Another highlight was the discipleship group fellowship night at Romford bowling alley and evangelism event in the Buckhurst Hill hall was a success.

Due to the merged emphasis lots of training took place to strengthen core teams, train leaders and aid streamlining activities and responsibilities.

The planned missionary trip to Brazil was postponed till 2025.

Highlights of other 2024 activities

Leadership training sessions7th 14th & 21st Jan
Leaders day In 22nd Jan
Weekly discipleship groups
Monthly Tipping Point Services
Monthly celebration services
Merged half night prayer meetings (last Friday in each moth)
12 Hour Prayer meetings 24th Feb and 26th Oct
CLF UK Anniversary Services 31st March
Evangelism event at Buckhurst Hill 14[th] April
CLF UK 40 Day prayer & Fasting 21st May – 29th June
Discipleship group fellowship and bowling 20[th] July
CLF UK Leaders retreat 27th – 30th July
WoW Seminar 10th August
WoW Midnight Watch prayer meetings
Kingdom Marriages Seminar 21st Sept
Daughters of the King Fellowship 16th Sept
Joint online Christmas Service 25th Dec
CLF Embrace Watch night Service 31st Dec

WOODFORD CHIRSTIAN LIFE FELLOWSHIP

Trustees' Annual Report (continued)

Year ended 31 December 2024

Financial review

Woodford Christian Life Fellowship ended the year with a deficit on general funds of £3,698 the details of which can be seen in the annexed financials statements (and notes) for the period.

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 2024

Plans for future periods

Our theme for 2025 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 2025

Prayer emphasis
Evangelism emphasis
Developing the youth
Work through merger consultation process

The trustees' annual report was approved on the 26[th] October 2025 and signed on behalf of the board of trustees by:

Mr P Hill Trustee

WOODFORD CHIRSTIAN LIFE FELLOWSHIP

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

Year ended 31 December 2024

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 2024.

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

18/10/2025

WOODFORD CHIRSTIAN LIFE FELLOWSHIP

Statement of Financial Activities

Year ended 31 December 2024

		2024		2023
		Unrestricted
		Funds Total funds	Total funds	Total funds
		£ £	£	£
	Note
Income and endowments
Donations and legacies	4	10,281	10,281	23,417
Total income		10,281 COON)	10,281 COOOONOT)	23,417 COUN]
		COON)	COOOONOT)	COUN]
Expenditure
Expenditure on charitable activities	5,6	13,979	13,979	20,590
Total expenditure		13,979 COON)	13,979 COOOONOT)	20,590 COUN]
		COON)	COOOONOT)	COUN]
Net income and net movement in funds		(3,698) COON)	(3,698) COOOONOT)	2,827 COUN]
		COON)	COOOONOT)	COUN]
Reconciliation of funds
Total funds brought forward		38,601	38,601	35,774
Total funds carried forward		34,903 CON	34,903 COOOOOnM)	38,601 COUN]
		CON	COOOOOnM)	COUN]

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 2024

		2024	2023
	Note	£	£
Fixed assets
Tangible fixed assets	12	429	859
Current assets
Debtors	13	25,464	24,144
Cash at bank and in hand		9,290	13,848
		34,754 COUN	37,992 TTT
Creditors: amounts falling due within one year	14	280	280 250
Net current assets	34,474	34,474 COOUU	37,742 ETT]
		COOOONOT)	______
Total assets less current liabilities	34,903	34,903	38,601
		______	______
Net assets	34,903	34,903	38,601
		COUN TTT]
Funds of the charity
Unrestricted funds		34,903	38,601
		______	______
Total charity funds	15	34,903	38,601
		COO, —@ CT}

These financial statements were approved by the board of trustees and authorised for issue on the 26[t h] October 2025, and are signed on behalf of the board by:

Mr P Hill 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 2024

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 2024

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 2024

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

		UnrestrictedTotal Funds	UnrestrictedTotal Funds	Unrestricted	Total Funds
		Funds	2024	Funds	2023
		£	£	£	£
Donations
Tithes & Offering		8,961	8,961	8,961	19,867
Gift Aid Recoverable		1,320	1,320	1,320	3,550
	___		______	______	______
		10,281	10,281	10,281	23,417
		CON	COMO)	CON	COMO

WOODFORD CHIRSTIAN LIFE FELLOWSHIP

Notes to the Financial Statements (continued)

Year ended 31 December 2024

5. Expenditure on charitable activities by fund type

		UnrestrictedTotal Funds	UnrestrictedTotal Funds	Unrestricted	Unrestricted	Total Funds	Total Funds
		Funds	2024	Funds		2023
	£	£	£
	9,556	9,556 9,556	9,556	9,556		10,036
Church Services & Departmental	Church Services & Departmental
	Mission Giving & Outreach	902	902		902	3,626
	Support costs	3,521	3,521	3,521	3,521	6,928
	13,979	13,979 13,979 COO)	13,979 COON)	___ 13,979 COON)		__ _ 20,590 Cnn
		COO)	COON)		CON		Connon)
6.	Analysis of support costs
				Total 2024		Total 2023
			£		£		£
	General office		390	390	390	390	1,704
	Governance costs		250 250	250 250	250 250		250
	Rent 2,100 2,100 4,238	Rent 2,100 2,100 4,238	Rent 2,100 2,100 4,238	Rent 2,100 2,100 4,238	Rent 2,100 2,100 4,238	Rent 2,100 2,100 4,238	Rent 2,100 2,100 4,238
	Insurance		351 351 306	351 351 306	351 351 306	351 351 306	351 351 306
	Heating		-	-	-	-	-
	Depreciation		430		430	430	430
			3,521 Con)		3,521 COON)	____	____ 6,928 COO)
			“comma:		Conon		COO)
7.	Net income
	Net income is stated after charging/(crediting):
					2024	2023	2023
					£	£	£
	Depreciation of tangible fixed assets			430	430		430
					coo		Conn)
8.	Independent examination fees
					2024	2023	2023
					£		£
	Fees payable to the independent examiner for:
	Independent examination of the financial statements	Independent examination of the financial statements		250	250	250	250
					coo)		Conn)

WOODFORD CHIRSTIAN LIFE FELLOWSHIP

Notes to the Financial Statements (continued)

Year ended 31 December 2024

10. Staff costs

The average head count of employees during the year was Nil (2023: Nil).

No employee received employee benefits of more than £60,000 during the year (2023: 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 2024 5,566	At 1 January 2024 5,566	At 1 January 2024 5,566
	Additions for the year -	Additions for the year -	Additions for the year -
			COOOOO)
At 31 December 2024	At 31 December 2024		5,566
	Depreciation
	At 1 January 2024		4,707
	Charge for the year		430
			COONONIT)
	At 31 December 2024		5,137
			COONONIT)
	Carrying amount
	At 31 December 2024		429
			COONONIT)
	At 31 December 2023		859
			COONONIT)
13.	Debtors
		2024	2023
		£	£
	Trade debtor	25,464	17,794
		Conon)	COOOOM)
14.	Creditors: amounts falling due within one year
		2024	2023
		£	£
	Trade Creditors	280	250
		COONOn)	COOOOnIT)

WOODFORD CHIRSTIAN LIFE FELLOWSHIP

Notes to the Financial Statements (continued)

Year ended 31 December 2024

15. Analysis of charitable funds

	Unrestricted funds
	At 1 2024	At 1st January 2024			At 31st December 2024
		£	Income	Expenditure	£
			£	£
	General funds	38,601 COOOONOT)	10,281 COMO)	(13,979) 34,903 Connon)	34,903 COMM
		At 1st			At 31st
		January			December
		2023			2023.
			Income	Expenditure
	£	£	£	£	£
	General funds 35,774	35,774	23,417	(20,590)	38,601
		COOOONO)	COMO)	Connon)	Cnn
	34,903
16. Analysis of net assets between Funds	16. Analysis of net assets between Funds
				UnrestrictedTotal Funds	Total Funds
				Funds	2024
				£	£
	Tangible fixed assets			429 429	429
	Current assets			34,754	34,754
	Creditors less than 1 year		(280)	(280) (280)	(280)
				______	______
	Net assets			34,903	34,903
				COMO	Conon)
				Unrestricted	Total Funds
				Funds	2023
				£	£
	Tangible fixed assets			859 859	859 859
	Current assets			37,992	37,992
	Creditors less than 1 year			(250) (250)	(250)
				_ _____	_ _____
Net assets	Net assets			38,601 38,601	38,601