Charity Registration no. 1171662
WOOLWICH EVANGELICAL CHURCH FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
Contents:
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Page 1 Trustees Report
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Page 2 Independent Examiners Report
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Page 3 Statement of Financial Activities
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Page 4 Balance Sheet
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Page 5 - 6 Notes to the Accounts
David Cooke & Co Chartered Accountants 5 Briar Close Banbury Oxon. OX16 9DS
Page 1
WOOLWICH EVANGELICAL CHURCH
TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2022
The trustees have pleasure in presenting their report and the Financial Statements of the Church for the year ended 31 December 2022.
Reference and Administrative Details
The Church is a registered Charity, no. 1171662. The address is: Woolwich Evangelical Church, c/o 83 Durham Hill, Bromley, BR1 5NF.
The charity trustees for the purpose of these accounts comprise the Elders, Deacons and other Church officers of the Church. The trustees during the year were as follows:
Mr Charles Soper Mr Errol Howell Mr Keith Baker (Treasurer) Mr Ashley Mendes (Pastor)
Structure, Governance and Management
The Church is a CIO governed by its Constitution. The Elders and Deacons are elected by the Church Meeting, and are responsible for leadership of the church.
Objectives and Activities
The Church’s aims are to spread the gospel of the Lord Jesus Christ and to edify the congregation through the preaching and teaching of the Word of God, and the circulation of good Christian literature.
Achievements and Performance
The Church’s main work is carried out through its own Sunday services, mid-week Bible study and prayer meeting. It also conducts a thriving children’s work and engages in regular open-air outreach. All of these activities continued throughout the year under review.
Public Benefit
In carrying out its activities in the year under review, the trustees have had regard to the public benefit guidance issued by the Charity Commission, and are satisfied that the activities mentioned above have all been for the public benefit.
Financial Review
As shown in the Statement of Financial Activities on page 3, there was a net inflow of resources of just under £13,000 overall (2021: £8,500). The financial state of affairs of the Church is considered to be satisfactory.
On behalf of the Trustees
Trustee
Date: ______
Page 3
WOOLWICH EVANGELICAL CHURCH
RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022
| Note Incoming Resources Voluntary income Investment income - rent Total incoming resources Resources expended Charitable Activities 2 Total Resources Expended Net Movement of Resources Transfers between Funds General Fund brought forward General Fund carried forward |
Unrestricted Restricted Funds Funds £ £ 28,753 12,348 13,150 - 41,903 12,348 38,259 3,000 38,259 3,000 3,644 9,348 - - 3,644 9,348 38,408 - 42,052 9,348 |
2022 Total £ 41,101 13,150 54,251 41,259 41,259 12,992 - 12,992 38,408 51,400 |
2021 Total £ 22,383 14,450 36,833 28,335 28,335 8,498 - 8,498 29,910 38,408 |
|---|---|---|---|
The notes on page 5 form part of these financial statements.
Page 4
WOOLWICH EVANGELICAL CHURCH
STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2022
| Cash Funds Cash at Bank Cash in Hand Other Monetary Assets Debtors Liabilities Creditors due within 12 months |
Unrestricted Restricted Funds Funds £ £ 41,057 9,348 995 - 42,052 9,348 967 3,000 (375) - |
2022 Total £ 50,405 995 51,400 3,967 (375) |
2021 Total £ 38,408 - 38,408 2,556 (350) |
|---|---|---|---|
Approved on _________
_______ Treasurer
The notes on page 5 form part of these financial statements.
Page 5
WOOLWICH EVANGELICAL CHURCH
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022
1. Accounting Policies
The following accounting policies have been used consistently in dealing with items which are considered material in relation to the Church's Financial Statements.
(a) Accounting Convention.
The Financial Statements are prepared under the Historical Cost Convention. Because the Church's income is under £250,000 the accounts are now prepared on a Receipts and Payments basis, to avoid the need to comply with the Charities SORP (FRS102).
(b) Income.
Donations represent cash received during the year, including tax repayments received. Charitable Activities include the hire of the hall for charitable purposes and other events. Investment income comprises interest received from money in deposit accounts.
(c) Expenditure
The cost of generating funds are costs incurred in promoting the Church and its work. Charitable Activities Expenditure comprises all expenditure directly related to the Church's objects, including governance costs.
| 2. Charitable Activities Speakers' fees Other Ministry & Missions: Children's ministry Grants made Evangelistic & other literature Manse expenses Church repairs Minibus expenses Equipment costs Insurance Light, heat & water Stationery, telephone & internet Catering costs Independent Examination Legal fees & safeguarding costs Miscellaneous expenses |
Unrestricted Restricted Funds Funds £ £ 13,180 - 412 - 6,499 3,000 1,944 - 20 - 60 - 1,310 - 10,987 2,029 - 775 - - - - - 350 - 645 - 48 - 38,259 3,000 |
2022 Total £ 13,180 412 9,499 1,944 20 60 1,310 10,987 2,029 775 - - 350 645 48 41,259 |
2021 Total £ 13,120 173 5,730 2,007 348 663 1,256 529 1,850 1,089 540 202 350 478 - 28,335 |
|---|---|---|---|
3. Employee & trustee information
There were no persons employed during the year (2021: nil). No trustee received any remuneration for his work as a trustee. Mr Ashley Mendes received £12,900 on a self-employed basis for his work as pastor of the church (2021: £4,500).
Page 3
WOOLWICH EVANGELICAL CHURCH
RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022
| Note Incoming Resources Voluntary income Investment income - rent Total incoming resources Resources expended Charitable Activities 2 Total Resources Expended Net Movement of Resources Transfers between Funds General Fund brought forward General Fund carried forward |
Unrestricted Restricted Funds Funds £ £ 28,753 12,348 13,150 - 41,903 12,348 38,259 3,000 38,259 3,000 3,644 9,348 - - 3,644 9,348 38,408 - 42,052 9,348 |
2022 Total £ 41,101 13,150 54,251 41,259 41,259 12,992 - 12,992 38,408 51,400 |
2021 Total £ 22,383 14,450 36,833 28,335 28,335 8,498 - 8,498 29,910 38,408 |
|---|---|---|---|
The notes on page 5 form part of these financial statements.
Page 4
WOOLWICH EVANGELICAL CHURCH
STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2022
| Cash Funds Cash at Bank Cash in Hand Other Monetary Assets Debtors Liabilities Creditors due within 12 months |
Unrestricted Restricted Funds Funds £ £ 41,057 9,348 995 - 42,052 9,348 967 3,000 (375) - |
2022 Total £ 50,405 995 51,400 3,967 (375) |
2021 Total £ 38,408 - 38,408 2,556 (350) |
|---|---|---|---|
Approved on _________
_______ Treasurer
The notes on page 5 form part of these financial statements.
Page 5
WOOLWICH EVANGELICAL CHURCH
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022
1. Accounting Policies
The following accounting policies have been used consistently in dealing with items which are considered material in relation to the Church's Financial Statements.
(a) Accounting Convention.
The Financial Statements are prepared under the Historical Cost Convention. Because the Church's income is under £250,000 the accounts are now prepared on a Receipts and Payments basis, to avoid the need to comply with the Charities SORP (FRS102).
(b) Income.
Donations represent cash received during the year, including tax repayments received. Charitable Activities include the hire of the hall for charitable purposes and other events. Investment income comprises interest received from money in deposit accounts.
(c) Expenditure
The cost of generating funds are costs incurred in promoting the Church and its work. Charitable Activities Expenditure comprises all expenditure directly related to the Church's objects, including governance costs.
| 2. Charitable Activities Speakers' fees Other Ministry & Missions: Children's ministry Grants made Evangelistic & other literature Manse expenses Church repairs Minibus expenses Equipment costs Insurance Light, heat & water Stationery, telephone & internet Catering costs Independent Examination Legal fees & safeguarding costs Miscellaneous expenses |
Unrestricted Restricted Funds Funds £ £ 13,180 - 412 - 6,499 3,000 1,944 - 20 - 60 - 1,310 - 10,987 2,029 - 775 - - - - - 350 - 645 - 48 - 38,259 3,000 |
2022 Total £ 13,180 412 9,499 1,944 20 60 1,310 10,987 2,029 775 - - 350 645 48 41,259 |
2021 Total £ 13,120 173 5,730 2,007 348 663 1,256 529 1,850 1,089 540 202 350 478 - 28,335 |
|---|---|---|---|
3. Employee & trustee information
There were no persons employed during the year (2021: nil). No trustee received any remuneration for his work as a trustee. Mr Ashley Mendes received £12,900 on a self-employed basis for his work as pastor of the church (2021: £4,500).