Charity Registration no. 1171662
WOOLWICH EVANGELICAL CHURCH FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
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 2023
The trustees have pleasure in presenting their report and the Financial Statements of the Church for the year ended 31 December 2023.
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 outflow of resources of just over £2,400 overall (2022: inflow £13,000). The financial state of affairs of the Church is considered to be satisfactory.
On behalf of the Trustees
Trustee
Date: ______
Page 2
INDEPENDENT EXAMINER’S REPORT
TO THE TRUSTEES OF WOOLWICH EVANGELICAL CHURCH
I report on the accounts of the Church for the year ended 31 December 2023, which are set out on pages 3 to 5.
Respective responsibilities of trustees and independent examiner
The church's trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year (under section 44(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is needed. It is my responsibility to:
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Examine the accounts under section 145 of the 2011 Act;
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To follow the procedures laid down in the General Directions given by the Charity Commissioners under section 145 (5) (b) of the 2011 Act; and
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To state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below.
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 which give me cause to believe that, in any material respect –
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the accounting records were not kept in accordance with section 130 of the Charities
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Act; or
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the accounts did not accord with the accounting records; or
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the accounts did not comply with the applicable requirements concerning the form and
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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.
David Cooke MA (Oxon) FCA FCIE David Cooke and Co. Chartered Accountants 5 Briar Close Banbury, Oxon. OX16 9DS
Date: _______
Page 3
WOOLWICH EVANGELICAL CHURCH
RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023
| 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 £ £ 27,508 - 11,516 - 39,024 - 32,450 9,000 32,450 9,000 6,574 (9,000) - - 6,574 (9,000) 42,052 9,348 48,626 348 |
2023 Total £ 27,508 11,516 39,024 41,450 41,450 (2,426) - (2,426) 51,400 48,974 |
2022 Total £ 41,101 13,150 54,251 41,259 41,259 12,992 - 12,992 38,408 51,400 |
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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 2023
| Cash Funds Cash at Bank Cash in Hand Other Monetary Assets Debtors Liabilities Creditors due within 12 months |
Unrestricted Restricted Funds Funds £ £ 48,451 348 175 - 48,626 348 1,971 - (390) - |
2023 Total £ 48,799 175 48,974 1,971 (390) |
2022 Total £ 50,405 995 51,400 3,967 (375) |
|---|---|---|---|
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 2023
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 Student Outreach Manse expenses Church repairs Minibus expenses Equipment costs Insurance Light, heat & water Independent Examination Legal fees & safeguarding costs Miscellaneous expenses |
Unrestricted Restricted Funds Funds £ £ 13,580 - 70 - 4,946 9,000 2,731 - 240 - 1,391 - 603 - 1,402 - 102 2,413 - 1,720 - 375 - 2,877 - - - 32,450 9,000 |
2023 Total £ 13,580 70 13,946 2,731 240 1,391 603 1,402 102 2,413 1,720 375 2,877 - 41,450 |
2022 Total £ 13,180 412 9,499 1,944 - 20 60 1,310 10,987 2,029 775 350 645 48 41,259 |
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3. Employee & trustee information
There were no persons employed during the year (2022: nil). No trustee received any remuneration for his work as a trustee. Mr Ashley Mendes received £13,200 on a self-employed basis for his work as pastor of the church (2022: £12,900).