**CHARITY REGISTRATION NUMBER: 1182574** 

## **WELCOME HALL EVANGELICAL CHURCH CIO UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023** 

## **LANGARD LIFFORD HALL LIMITED** 

Accountants and Registered Auditors Lifford Hall Lifford Lane Kings Norton Birmingham B30 3JN 



## **WELCOME HALL EVANGELICAL CHURCH CIO** 

## **FINANCIAL STATEMENTS** 

## **YEAR ENDED 31 DECEMBER 2023** 

||**Page**|
|---|---|
|Trustees' annual report|**1**|
|Independent examiner's report to the trustees|**4**|
|Statement of financial activities|**5**|
|Statement of financial position|**6**|
|Statement of cash flows|**7**|
|Notes to the financial statements|**8**|
|**The following pages do not form part of the financial statements**||
|Detailed statement of financial activities|**16**|
|Notes to the detailed statement of financial activities|**17**|





**1** 

## **WELCOME HALL EVANGELICAL CHURCH CIO** 

## **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**|Welcome Hall Evangelical Church CIO|Welcome Hall Evangelical Church CIO|
|---|---|---|
|**Charity registration number**|1182574||
|**Principal office**|Woodrow Lane||
||Catshill||
||Bromsgrove||
||Worcestershire||
||B61 0PU||
|**The trustees**|||
||J Brooks||
||A Wells||
||S Jack||
||G Robbins|(Resigned 31 August 2023)|
||M Leech|(Appointed 19 February 2024)|
|**Independent examiner**|R D Coton||
||Langard Lifford Hall Limited||
||Lifford Hall||
||Lifford Lane||
||Kings Norton||
||Birmingham||
||B30 3JN||



## **Structure, governance and management** 

Appointment of trustees is governed by the Memorandum and Articles of Association and all new trustees are invited to join the board at the behest of the existing trustees and members. 



**2** 

## **WELCOME HALL EVANGELICAL CHURCH CIO** 

## **TRUSTEES' ANNUAL REPORT** _**(continued)**_ 

## **YEAR ENDED 31 DECEMBER 2023** 

## **Objectives and activities** 

The Objects are: 

- (i)  the advancement of the Christian faith in accordance with the Basis of Faith, Doctrinal Distinctives and Ethical Statements, primarily, but not exclusively, within Bromsgrove and the surrounding neighbourhood; and 

- (ii)  Such other charitable purposes as shall, in the opinion of the charity trustees, put into practice the Christian faith in accordance with the Basis of Faith, including but not limited to: the prevention and relief of need, hardship and sickness; the advancement of education; and the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life 

Our primary aim is to advance the Christian faith and our meetings include specific teaching (from the Holy Bible) to achieve this. A secondary aim is the relief of hardship or sickness and is one means of loving one's neighbour, as taught in the Bible. Weekly services and events are held for pensioners, adults, teenagers and children. All members of the public are invited to attend activities appropriate to their age groups, and we make no charge for attendance at these published services. 

The teaching and ministry of the Church primarily in our locality promotes the ethical and moral standards of the Bible, in particular the command to love one's neighbour. This fosters harmony and good community relationships. Activities for various age groups including toddlers, children, teenagers, adults and the elderly are all part of the Church ministry and benefit to the public. 

All sermons preached at our Church are available to church members, and members of the public, free of charge, on the church website www.welcomehallchurch.org 

## **Achievements and performance** 

The Church continued a wide range of activities throughout the year, including regular Sunday services (with a continued live stream broadcast); children's and teenagers' activities; street evangelism; coffee mornings; toddlers' group; litter pick; and mid-week church meetings. By these varied means the Church continued to proclaim the gospel and teach the truth of the Bible in the locality throughout the year. We were pleased to see newcomers attending these events and new members joining the Church by transfer from other congregations. We are grateful to the team of volunteers who have freely given their time and energy to running our outreach activities. In accordance with our Safeguarding policy, we have continued our rolling programme of DBS-checking all staff and volunteers involved in children's work. During the year the Church made grants totalling over £12,000 to reputable Christian organisations to support direct gospel work in the UK, continental Europe and Asia and to provide relief in the UK, Asia and Ukraine. One of the trustees, Jeremy Brooks, acts as the Church's full-time pastor with primary responsibility for public preaching and teaching and for pastoral care. Gordon Robbins worked in a part-time capacity alongside Jeremy as associate pastor until August when he stepped down from this role and as a trustee. The trustees, who are also elders of the Church, met at least twice a month to review the activities and achievements of the Charity. The elders and deacons met monthly to consider the practical arrangements of all services and activities. In early 2024, the trustees agreed the appointment of Martin Leech as part time associate pastor and as a trustee of the Charity. 



WELCOME HALL EVANGELICAL CHURCH CIO
TRUSTEES, ANNUAL REPoRT{￿￿1￿￿e￿j
The ITUStees aim to n)aintsin rewves at a levd that will Provide for the ongoing
a]nta￿lee d the Church premises and t￿u1pmen( to Sup[￿ the Chuxch's paid workers
and to fund the S￿la1 events during the year
There is no deficit in the CEwity accounts
Church membe£s and other memktts irf the re* congre8ation E>Tovided all of the
Charity's funds throu8h volunfary donation%. We are thankm that gAving has been
maintsined duTing 2023. in spite of the cost of living pressures on s(￿Iety, and the Church
has ended the year in a satisfactory financi￿ w)sitioTh After the church fiat was vacated in
2023. the trustees agreed to sell one of the church's residential properties. The sale was
completed in 2024 and the funds wlll be used to pay down a loa￿ to undertake nece
The trustees, annual Tep)rt was approved on 8 April 2024 and siwd on bel￿f of the board
of trustees by:
A Wells
Trustee

WELCOME HALL EVANGELICAL CHURCH CIO
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WELCOME
HALL EVANGELICAL CHURCH CIO
YEAR ENDED 31 DECEMBER 2023
I report to the trustees on my examination of the financial statements of Welcome Hall
Evangelical Church CIO ('the charity,) for the year ended 31 tkcember 2023.
Respon8ibilities and basi5 of report
As the trustees of the charity you are responsible for the preparation of the financAal
Statements in accordance with the requirements of the Charities Act 2011 ('the Ac¥).
I repoTt tn respect of my examination of the charity's fina￿la1 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 Cojnml￿0n under section 145(5)(bl OE the Act.
Independent examinevs statement
I have completed my examinatioTh I confirm that no materAal n)atters have come to my
attention in connection with the examination giving me cause to believe that in any material
respeetr.
accounting records were not kept in respect of the charity as required by section
130 of the Act: or
the fAnancial statements do not accord with those rirords; or
the financi￿ ststements do not comply with the applicable requirements
concerning the forni and content of accounts set out in the Charities (Accounts and
Reports) Regulations 2(KB other than any requirement that the accounts give a'true
and fair, view which is not a ll￿tter 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 thls report in OTder to enable a proper
understanding of the accounts to be reached.
R D Coton
Independent Examiner
tangard Lifford Hall Limited
Ltfford Hall
Lifford Lane
Kings Norton
Birminghani
B30 3JN
8 April 2024

**5** 

## **WELCOME HALL EVANGELICAL CHURCH CIO** 

## **STATEMENT OF FINANCIAL ACTIVITIES** 

## **YEAR ENDED 31 DECEMBER 2023** 

||||**2023**||2022|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|||
|||funds|funds|**Total funds**|Total funds|
|**Note**||**£**|**£**|**£**|£|
|**Income and endowments**||||||
|Donations and legacies|**4**|234,290|–|**234,290**|174,576|
|Charitable activities|**5**|9,493|–|**9,493**|9,022|
|||-------------------------------------------|-------------------------------------------|-------------------------------------------|-------------------------------------------|
|**Total income**||243,783|–|**243,783**|183,598|
|||===========================================|===========================================|===========================================|===========================================|
|**Expenditure**||||||
|Expenditure on charitable activities|**6,7**|200,955|12,640|**213,595**|224,190|
|||-------------------------------------------|-------------------------------------------|-------------------------------------------|-------------------------------------------|
|**Total expenditure**||200,955|12,640|**213,595**|224,190|
|||===========================================|===========================================|===========================================|===========================================|
|||-------------------------------------------|-------------------------------------------|-------------------------------------------|-------------------------------------------|
|**Net income/(expenditure) and net**||||||
|**movement in funds**||42,828|(12,640)|**30,188**|(40,592)|
|||===========================================|===========================================|===========================================|===========================================|
|**Reconciliation of funds**||||||
|Total funds brought forward||493,890|530,880|**1,024,770**|1,065,362|
|||-------------------------------------------|-------------------------------------------|-------------------------------------------------|-------------------------------------------------|
|**Total funds carried forward**||536,718|518,240|**1,054,958**|1,024,770|
|||===========================================|===========================================|=================================================|=================================================|



The statement of financial activities includes all gains and losses recognised in the year. 

All income and expenditure derive from continuing activities. 

**The notes on pages 8 to 15 form part of these financial statements.** 



WELCOME HALL EVANGEIICAL CHURCH CIO
STATEMENT OF FINANCIAL posrrIoN
31 DECEMBER201
Note
Tan8Èble fixed &ssets
L037224
1,058.565
Curxent assets
Debtors
Cash at bank and in hand
14
95.732
95.732
53257
within one year
15
13A60
15.067
38.19)
1.119,g)6
1,096.755
16
Net asseis
IXi24.TJO
Funds of the charity
Restricted funds
518240
.718
I.IH958
530,880
493,890
Total charity funds
18
1.024,770
These finan(￿￿ statements were appToved by the iK>ard of tnjstees and authoIised for issue
on 8 April 2024, and are Si￿ed on of the iK)ard by:
A Wells
Trustee

**7** 

## **WELCOME HALL EVANGELICAL CHURCH CIO** 

## **STATEMENT OF CASH FLOWS** 

## **YEAR ENDED 31 DECEMBER 2023** 

||**2023**|2022|
|---|---|---|
||**£**|£|
|**Cash flows from operating activities**|||
|Net income/(expenditure)|**30,188**|(40,592)|
|_Adjustments for:_|||
|Depreciation of tangible fixed assets|**31,214**|30,998|
|Interest payable and similar charges|**5,888**|3,315|
|Gains on disposal of fixed assets|**(4,300)**|–|
|Accrued expenses|**420**|–|
|_Changes in:_|||
|Trade and other debtors|**194**|–|
|Trade and other creditors|**(311)**|(41)|
||-------------------------------------------|-------------------------------------------|
|Cash generated from operations|**63,293**|(6,320)|
|Interest paid|**(5,888)**|(3,315)|
||-------------------------------------------|-------------------------------------------|
|Net cash from/(used in) operating activities|**57,405**|(9,635)|
||===========================================|===========================================|
|**Cash flows from investing activities**|||
|Purchase of tangible assets|**(9,873)**|(6,195)|
|Proceeds from sale of fixed sets|**4,300**|–|
||-------------------------------------------|-------------------------------------------|
|Net cash used in investing activities|**(5,573)**|(6,195)|
||===========================================|===========================================|
|**Cash flows from financing activities**|||
|Proceeds from borrowings|**(9,163)**|(11,701)|
||-------------------------------------------|-------------------------------------------|
|Net cash used in financing activities|**(9,163)**|(11,701)|
||===========================================|===========================================|
|**Net increase/(decrease) in cash and cash equivalents**|**42,669**|(27,531)|
|**Cash and cash equivalents at beginning of year**|**53,063**|80,594|
||-------------------------------------------|-------------------------------------------|
|**Cash and cash equivalents at end of year**|**95,732**|53,063|
||===========================================|===========================================|



**The notes on pages 8 to 15 form part of these financial statements.** 



**8** 

## **WELCOME HALL EVANGELICAL CHURCH CIO** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

## **YEAR ENDED 31 DECEMBER 2023** 

## **1. General Information** 

The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 34 Woodrow Lane, Catshill, Bromsgrove, Worcestershire, B61 0PU. 

## **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. 



**9** 

## **WELCOME HALL EVANGELICAL CHURCH CIO** 

## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_ 

## **YEAR ENDED 31 DECEMBER 2023** 

## **3. Accounting Policies** _**(continued)**_ 

## **Incoming resources** 

All income is 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. 

## **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. 

## **Tangible assets** 

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. 

## **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: 

|Freehold property|-|2% straight line|
|---|---|---|
|Motor vehicles|-|33% straight line|
|Equipment|-|10% reducing balance|



## **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. 

## **Financial instruments** 

Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. 

## **Defined contribution plans** 

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. 

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. 



**10** 

## **WELCOME HALL EVANGELICAL CHURCH CIO** 

## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_ 

## **YEAR ENDED 31 DECEMBER 2023** 

## **4. Donations and Legacies** 

|**Donations and Legacies**|||||
|---|---|---|---|---|
||Unrestricted|<br>**Total Funds**|Unrestricted|Total Funds|
||Funds|**2023**|Funds|2022|
||£|**£**|£|£|
|**Donations**|||||
|Donations|196,767|**196,767**|147,389|147,389|
|**Gifts**|||||
|Gifts Aid Claims|37,523|**37,523**|27,187|27,187|
||-------------------------------------------|-------------------------------------------|-------------------------------------------|-------------------------------------------|
||234,290|**234,290**|174,576|174,576|
||===========================================|===========================================|===========================================|===========================================|



## **5. Charitable Activities** 

||Unrestricted|<br>**Total Funds**|Unrestricted|Total Funds|
|---|---|---|---|---|
||Funds|**2023**|Funds|2022|
||£|**£**|£|£|
|Other income from charitable|||||
|activities - holidays and outings|9,493<br>===========================================|**9,493**<br>===========================================|9,022<br>===========================================|9,022<br>===========================================|



## **6. Expenditure on Charitable Activities by Fund Type** 

||Unrestricted|Restricted|<br>**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2023**|
||£|£|**£**|
|Faith teaching (inc. depreciation)|93,545|12,640|**106,185**|
|Holiday and outings|13,605|–|**13,605**|
|Support costs|93,805|–|**93,805**|
||-------------------------------------------|-------------------------------------------|-------------------------------------------|
||200,955|12,640|**213,595**|
||===========================================|===========================================|===========================================|
||Unrestricted|Restricted|<br>Total Funds|
||Funds|Funds|2022|
||£|£|£|
|Faith teaching (inc. depreciation)|113,450|12,640|126,090|
|Holiday and outings|10,707|–|10,707|
|Support costs|87,393|–|87,393|
||-------------------------------------------|-------------------------------------------|-------------------------------------------|
||211,550|12,640|224,190|
||===========================================|===========================================|===========================================|





**11** 

## **WELCOME HALL EVANGELICAL CHURCH CIO** 

## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_ 

## **YEAR ENDED 31 DECEMBER 2023** 

## **7. Expenditure on Charitable Activities by Activity Type** 

||Activities||||
|---|---|---|---|---|
||undertaken|Support|**Total funds**|Total fund|
||directly|costs|**2023**|2022|
||£|£|**£**|£|
|Faith teaching (inc. depreciation)|106,185|91,012|**197,197**|211,143|
|Holiday and outings|13,605|–|**13,605**|10,707|
|Governance costs|–|2,793|**2,793**|2,340|
||-------------------------------------------|-------------------------------------------|-------------------------------------------|-------------------------------------------|
||119,790|93,805|**213,595**|224,190|
||===========================================|===========================================|===========================================|===========================================|



## **8. Analysis of Support Costs** 

|**Analysis of Support Costs**||||
|---|---|---|---|
||Analysis of|||
||support|||
||costs|**Total 2023**|Total 2022|
||£|**£**|£|
|Staff costs|83,688|**83,688**|81,522|
|Finance costs|5,888|**5,888**|3,315|
|Governance costs|2,370|**2,370**|2,340|
|Legal and professional costs|1,446|**1,446**|216|
||-------------------------------------------|-------------------------------------------|-------------------------------------------|
||93,392|**93,392**|87,393|
||===========================================|===========================================|===========================================|



## **9. Net Income/(Expenditure)** 

Net income/(expenditure) is stated after charging/(crediting): 

||**2023**|2022|
|---|---|---|
||**£**|£|
|Depreciation of tangible fixed assets|**31,214**|30,998|
|Gains on disposal of fixed assets|**(4,300)**|–|
||===========================================|===========================================|
|**Independent Examination Fees**|||
||**2023**|2022|
||**£**|£|
|Fees payable to the independent examiner for:|||
|Independent examination of the financial statements|**2,370**|2,370|
||===========================================|===========================================|



## **10. Independent Examination Fees** 



**12** 

## **WELCOME HALL EVANGELICAL CHURCH CIO** 

## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_ 

## **YEAR ENDED 31 DECEMBER 2023** 

## **11. Staff Costs** 

The total staff costs and employee benefits for the reporting period are analysed as follows: 

||**2023**|2022|
|---|---|---|
||**£**|£|
|Wages and salaries|**76,421**|74,294|
|Social security costs|**1,834**|1,835|
|Employer contributions to pension plans|**5,423**|5,393|
||-------------------------------------------|-------------------------------------------|
||**83,678**|81,522|
||===========================================|===========================================|



The average head count of employees during the year was 3 (2022: 3). 

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

## **Key Management Personnel** 

Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £66,025 (2022:£65,257). 

## **12. Trustee Remuneration and Expenses** 

During the period remuneration of £65,257 (2022: £59,864) and pension contributions of £5,264 (2022: £5,393) were paid in respect of the trustees. 

## **13. Tangible Fixed Assets** 

||Land and|Motor|||
|---|---|---|---|---|
||buildings|vehicles|Equipment|**Total**|
||£|£|£|**£**|
|**Cost**|||||
|At 1 January 2023|1,163,664|14,375|111,138|**1,289,177**|
|Additions|–|–|9,873|**9,873**|
|Disposals|–|(14,375)|–|**(14,375)**|
||-------------------------------------------------|-------------------------------------------|-------------------------------------------|-------------------------------------------------|
|**At 31 December 2023**|1,163,664|–|121,011|**1,284,675**|
||=================================================|===========================================|===========================================|=================================================|
|**Depreciation**|||||
|At 1 January 2023|174,624|14,375|41,613|**230,612**|
|Charge for the year|23,274|–|7,940|**31,214**|
|Disposals|–|(14,375)|–|**(14,375)**|
||-------------------------------------------------|-------------------------------------------|-------------------------------------------|-------------------------------------------------|
|**At 31 December 2023**|197,898|–|49,553|**247,451**|
||=================================================|===========================================|===========================================|=================================================|
|**Carrying amount**|||||
|**At 31 December 2023**|965,766|–|71,458|**1,037,224**|
||=================================================|===========================================|===========================================|=================================================|
|At 31 December 2022|989,040|–|69,525|1,058,565|
||=================================================|===========================================|===========================================|=================================================|





**13** 

## **WELCOME HALL EVANGELICAL CHURCH CIO** 

## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_ 

## **YEAR ENDED 31 DECEMBER 2023** 

## **14. Debtors** 


**----- Start of picture text -----**<br>
||
|---|
|Other debtors|

**----- End of picture text -----**<br>


|**2023**|2022|
|---|---|
|**£**|£|
|**–**|194|
|===========================================|===========================================|



## **15. Creditors: amounts falling due within one year** 

||**2023**|2022|
|---|---|---|
||**£**|£|
|Bank loans and overdrafts|**9,709**|11,835|
|Accruals and deferred income|**2,370**|1,950|
|Social security and other taxes|**971**|1,282|
||-------------------------------------------|-------------------------------------------|
||**13,050**|15,067|
||===========================================|===========================================|



## **16. Creditors: amounts falling due after more than one year** 

||**2023**|2022|
|---|---|---|
||**£**|£|
|Bank loans and overdrafts|**64,948**|71,985|
||===========================================|===========================================|



Included within creditors due over 1 year is an amount due of £26,107 repayable by instalments due over 5 years. 

## **17. Pensions and Other Post Retirement Benefits** 

## **Defined contribution plans** 

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £5,423 (2022: £5,393). 



**14** 

## **WELCOME HALL EVANGELICAL CHURCH CIO** 

## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_ 

## **YEAR ENDED 31 DECEMBER 2023** 

## **18. Analysis of Charitable Funds** 

## **Unrestricted funds** 

|**Unrestricted funds**|||||
|---|---|---|---|---|
||At|||**At**|
||1 Jan 2023|Income|Expenditure|**31 Dec 2023**|
||£|£|£|**£**|
|General funds|493,890|243,783|(200,955)|**536,718**|
||===========================================|===========================================|===========================================|===========================================|
||At|||At|
||1 Jan 2022|Income|Expenditure|31 Dec 2022|
||£|£|£|£|
|General funds|521,842|183,598|(211,550)|493,890|
||===========================================|===========================================|===========================================|===========================================|
|**Restricted funds**|||||
||At|||**At**|
||1 Jan 2023|Income|Expenditure|**31 Dec 2023**|
||£|£|£|**£**|
|Restricted Funds|530,880|–|(12,640)|**518,240**|
||===========================================|===========================================|===========================================|===========================================|
||At|||At|
||1 Jan 2022|Income|Expenditure|31 Dec 2022|
||£|£|£|£|
|Restricted Funds|543,520<br>===========================================|–<br>===========================================|(12,640)<br>===========================================|530,880<br>===========================================|



## **19. Analysis of Net Assets Between Funds** 

||Unrestricted|Restricted|<br>**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2023**|
||£|£|**£**|
|Tangible fixed assets|518,984|518,240|**1,037,224**|
|Current assets|95,732|–|**95,732**|
|Creditors less than 1 year|(13,050)|–|**(13,050)**|
|Creditors greater than 1 year|(64,948)|–|**(64,948)**|
||-------------------------------------------|-------------------------------------------|-------------------------------------------------|
|**Net assets**|536,718|518,240|**1,054,958**|
||===========================================|===========================================|=================================================|
||Unrestricted|Restricted|<br>Total Funds|
||Funds|Funds|2022|
||£|£|£|
|Tangible fixed assets|527,685|530,880|1,058,565|
|Current assets|53,257|–|53,257|
|Creditors less than 1 year|(15,067)|–|(15,067)|
|Creditors greater than 1 year|(71,985)|–|(71,985)|
||-------------------------------------------|-------------------------------------------|-------------------------------------------------|
|**Net assets**|493,890|530,880|1,024,770|
||===========================================|===========================================|=================================================|





**15** 

## **WELCOME HALL EVANGELICAL CHURCH CIO** 

## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_ 

## **YEAR ENDED 31 DECEMBER 2023** 

## **20. Financial Instruments** 

The carrying amount for each category of financial instrument is as follows: 

||**2023**|2022|
|---|---|---|
||**£**|£|
|**Financial assets measured at fair value through income and**|**expenditure**||
|Financial assets measured at fair value through income and|||
|expenditure|**95,732**|53,063|
||===========================================|===========================================|



Financial assets consist of cash and bank balances. 

## **21. Analysis of Changes in Net Debt** 

|**Analysis of Changes in Net Debt**||||
|---|---|---|---|
||At||**At**|
||1 Jan 2023|Cash flows|**31 Dec 2023**|
||£|£|**£**|
|Cash at bank and in hand|53,063|42,669|**95,732**|
|Debt due within one year|(11,835)|2,126|**(9,709)**|
|Debt due after one year|(71,985)|7,037|**(64,948)**|
||-------------------------------------------|-------------------------------------------|-------------------------------------------|
||(30,757)|51,832|**21,075**|
||===========================================|===========================================|===========================================|



## **22. Related Parties** 

The were no related party transactions which require disclosure in the current year. 

In the previous year, on 16 March 2021, net assets were donated to the value of £142,449 by Welcome Hall Evangelical Church, who have trustees in common with Welcome Hall Evangelical Church CIO. 



**16** 

## **WELCOME HALL EVANGELICAL CHURCH CIO** 

## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES** 

## **YEAR ENDED 31 DECEMBER 2023** 

||**2023**|2022|
|---|---|---|
||**£**|£|
|**Income and endowments**|||
|**Donations and legacies**|||
|Donations|**196,767**|147,389|
|Gifts Aid Claims|**37,523**|27,187|
||-------------------------------------------|-------------------------------------------|
||**234,290**|174,576|
||-------------------------------------------|-------------------------------------------|
|**Charitable activities**|||
|Other income from charitable activities - holidays and outings|**9,493**|9,022|
||-------------------------------------------|-------------------------------------------|
||-------------------------------------------|-------------------------------------------|
|**Total income**|**243,783**|183,598|
||===========================================|===========================================|
|**Expenditure**|||
|**Expenditure on charitable activities**|||
|Purchases|**14,014**|8,652|
|Wages and salaries|**76,421**|74,294|
|Employer's NIC|**1,834**|1,835|
|Pension costs|**5,423**|5,393|
|Rates and water|**9,075**|10,796|
|Light and heat|**6,569**|6,862|
|Repairs and maintenance|**20,606**|12,647|
|Insurance|**4,127**|4,971|
|Motor vehicle expenses|**(83)**|523|
|Legal and professional fees|**4,239**|2,556|
|Telephone|**265**|498|
|Other office costs|**2,255**|3,896|
|Depreciation|**31,213**|30,998|
|Interest on bank loans and overdrafts|**5,888**|3,315|
|Gain on disposal of fixed assets|**(4,300)**|–|
|Charitable donations and church holiday costs|**27,760**|51,395|
|External speakers|**1,978**|2,700|
|Manse expenses|**6,311**|2,859|
||-------------------------------------------|-------------------------------------------|
||**213,595**|224,190|
||-------------------------------------------|-------------------------------------------|
||-------------------------------------------|-------------------------------------------|
|**Total expenditure**|**213,595**|224,190|
||===========================================|===========================================|
||-------------------------------------------|-------------------------------------------|
|**Net income/(expenditure)**|**30,188**|(40,592)|
||===========================================|===========================================|





**17** 

## **WELCOME HALL EVANGELICAL CHURCH CIO** 

## **NOTES TO THE DETAILED STATEMENT OF FINANCIAL ACTIVITIES** 

## **YEAR ENDED 31 DECEMBER 2023** 

||**2023**|2022|
|---|---|---|
||**£**|£|
|**Expenditure on charitable activities**|||
|**Faith teaching (inc. depreciation)**|||
|**_Activities undertaken directly_**|||
|Purchases|**14,014**|8,652|
|Rates and water|**9,075**|10,796|
|Light and heat|**6,569**|6,862|
|Repairs and maintenance|**20,606**|12,647|
|Insurance|**4,127**|4,971|
|Motor vehicle expenses|**(83)**|523|
|Telephone|**265**|498|
|Other office expenses|**2,255**|3,896|
|Depreciation|**31,213**|30,998|
|Gain on disposal of assets|**(4,300)**|–|
|Charitable donations|**14,155**|40,688|
|External speakers|**1,978**|2,700|
|Manse expenses|**6,311**|2,859|
||-------------------------------------------|-------------------------------------------|
||**106,185**|126,090|
||-------------------------------------------|-------------------------------------------|
|**_Support costs_**|||
|Salaries|**76,421**|74,294|
|Employer's NIC|**1,834**|1,835|
|Pension contributions|**5,423**|5,393|
|Legal and professional fees|**1,446**|216|
|Bank charges and interest|**5,888**|3,315|
||-------------------------------------------|-------------------------------------------|
||**91,012**|85,053|
||-------------------------------------------|-------------------------------------------|
|**Holiday and outings**|||
|**_Activities undertaken directly_**|||
|Church holiday costs|**13,605**|10,707|
||-------------------------------------------|-------------------------------------------|
|**Governance costs**|||
|Accountancy fees|**2,793**|2,340|
||-------------------------------------------|-------------------------------------------|
||-------------------------------------------|-------------------------------------------|
|**Expenditure on charitable activities**|**213,595**|224,190|
||===========================================|===========================================|