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← Woolwich Evangelical Church

2024-12-31-accounts

Charity Registration no. 1171662

WOOLWICH EVANGELICAL CHURCH FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Contents:

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 2024

The trustees have pleasure in presenting their report and the Financial Statements of the Church for the year ended 31 December 2024.

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 over £1,250 overall (2023: outflow £2,400). 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 2024

Note
Incoming Resources
Voluntary income
Investment income - rent
Minibus scrappage scheme
Total incoming resources
Resources expended
Charitable Activities
2
Total Resources Expended
Net income
Capital expenditure
Net Movement of Resources
Transfers between Funds
General Fund brought forward
General Fund carried forward		 Unrestricted
Restricted
Funds
Funds
£
£
50,657
-
6,952
-
9,000
-
66,609
-
50,941
-
50,941
-
15,668
-
14,400
-
1,268
-
348
(348)
1,616
(348)
48,626
348
50,242
-		 2024
Total
£
50,657
6,952
9,000
66,609
50,941
50,941
15,668
14,400
1,268
-
1,268
48,974
50,242		 2023
Total
£
27,508
11,516
-
39,024
41,450
41,450
(2,426)
-
(2,426)
-
(2,426)
51,400
48,974

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 2024

Cash Funds
Cash at Bank
Cash in Hand
Other Monetary Assets
Debtors
Other Assets
Church Minibus (purchased 2024)
Liabilities
Creditors due within 12 months		 Unrestricted
Restricted
Funds
Funds
£
£
50,242
-
-
-
50,242
-
1,729
-
(390)
-		 2024
Total
£
50,242
-
50,242
1,729
(390)		 2023
Total
£
48,799
175
48,974
1,971
(390)

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 2024

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
Sermon Audio
Church Retreat
Manse expenses
Church repairs
Minibus expenses
Equipment costs
Insurance
Light, heat & water
Independent Examination
Legal fees & safeguarding costs
Miscellaneous expenses		 Unrestricted
Restricted
Funds
Funds
£
£
15,100
-
-
-
5,160
-
3,841
-
360
-
398
-
505
-
12,647
-
1,381
-
3,706
-
111
2,481
-
3,181
-
390
-
1,593
-
87
-
50,941
-		 2024
Total
£
15,100
-
5,160
3,841
360
398
505
12,647
1,381
3,706
111
2,481
3,181
390
1,593
87
50,941		 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

3. Employee & trustee information

There were no persons employed during the year (2023: nil).

No trustee received any remuneration for his work as a trustee. Mr Ashley Mendes received £15,000 on a self-employed basis for his work as pastor of the church (2023: £13,200).

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 2024, 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:

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 –

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: _______