**CHARITY REGISTRATION NUMBER: 1182574** 

## **WELCOME HALL EVANGELICAL CHURCH CIO UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** 

## **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 2024** 

||**Page**|
|---|---|
|Trustees' annual report|**1**|
|Independent examiner's report to the trustees|**5**|
|Statement of financial activities|**6**|
|Statement of financial position|**7**|
|Statement of cash flows|**8**|
|Notes to the financial statements|**9**|
|**The following pages do not form part of the financial statements**||
|Detailed statement of financial activities|**17**|
|Notes to the detailed statement of financial activities|**18**|





**1** 

## **WELCOME HALL EVANGELICAL CHURCH CIO** 

## **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** 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||
||M Leech|(Appointed 19 February 2024)|
|**Independent examiner**|R D Coton||
||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 2024** 

**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. 

The trustees have had regard to the guidance issued by the Charity Commission on pubic benefit. Weekly services and events are held for people of all ages.  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 are all part of the Church ministry and benefit to the public. 

All sermons preached at our Church are available to members of the public, free of charge, on the church website www.welcomehallchurch.org and can be live streamed in real time. 

## **Achievements and performance** 

The trustees are convinced of the enduring relevance of the Bible, God's Word, in today's society and are committed to its public ministry both to the Church's own members and in the proclamation of the good news of Jesus Christ more widely. 

During the year the Church adopted the following vision statement. 

"Welcome Hall Evangelical Church (WHEC) is a community of followers of the Lord Jesus Christ, sharing life together as we worship and serve Him in Catshill, Bromsgrove and the surrounding area. We rejoice in God's love for lost and broken people, and that He has sent His Son to save us from our sin. We exist to glorify and enjoy God, in dependence on the power of the Holy Spirit. Our aim is to grow, both as individuals and a church family, in our love for the Lord Jesus and likeness to Him, as well as in our love for one another and our neighbours. We rejoice that what we strive after in the here and now, we shall experience fully in the world to come. 



**3** 

## **WELCOME HALL EVANGELICAL CHURCH CIO** 

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

## **YEAR ENDED 31 DECEMBER 2024** 

## **Achievements and performance** _**(continued)**_ 

God reveals His will for us in the Bible, and we seek to proclaim and apply the whole of its truth to shape all that we are and do. We take seriously our responsibility to share the good news of Jesus Christ, and seek by our words and actions, whether together or apart, to point other people to Him. 

We prioritise prayer for the Holy Spirit's help in every aspect of church life. Rejoicing that God is gathering a people from every nation and culture, we actively support the proclamation of the gospel both across the nation and around the world." 

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; and mid-week church meetings. In addition we held one-off events including a community fun event and a quiz night. 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 both by baptism and by transfer from other congregations. 

During 2024 we ceased regular Sunday afternoon children's groups, but we were delighted to recommence an after-school group for younger children for the first time since the Covid lockdowns. 

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 a safeguarding related serious incident was notified to the Charity Commission. The incident related to a previous year. The Church's safeguarding policy was followed and proportionate actions taken. 

Over the course of the year the Church made grants totalling over £19,000 to reputable Christian organisations to support direct gospel work in the UK, continental Europe, Asia and Africa and to provide relief in the UK 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. Martin Leech has worked in a part-time capacity alongside Jeremy as associate pastor since February. 

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. 

Towards the end of the year the trustees agreed the appointment of Jeff Guille as an additional elder and trustee. 

## **Financial review** 

The trustees aim to maintain reserves at a level that will provide for the ongoing maintenance of the Church premises and equipment, to support the Church's paid workers and to fund the special events during the year. 



WELCOME HALL EVANGELICAL CHURCH CIO
TRUSTEES. ANNUAL REPORT (contth
YEAR ENDED 31 DECEMBER I)24
Financial wiew
Churth Mem}￿rS and other mem￿r$ of the regular congregation provided all of the
Charity's funds through voluntary donations. We are thankful that giving has Iwi
maintsined during 2024, in spite of the cost of living pressures on society, and the Church
has ended the year in a satisfactory financial position. The sale of a vacant residential
propety was completed in 2024. Part of the fimd5 were used to pay off a loan. with much of
the ren￿1nder EEing to undertake necessary rnaintenan￿ and refurbAsh1n￿t on the
church flat.
The trustees, annual report was approved on 28 March 2025 and signed on t￿half. OF the
board of trUstr￿ by..
A Wells
Trust

WELCOME HALL EVANGELICAL CHURCH CIO
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WELCOME
HALL EVANGELICAL CHURCH CIO
YEAR ENDED 31 DECEMBER 2024
I report to the trustees on my examination of the financial ststemetits of Welcome Hall
Evangelical Church CIO (*he charity,) for the year ended 31 December 2024.
Respon8ibilities and basis of report
As the trustees of the charity you aye responsible for the Preparation 0£ the financial
statements in accordan￿ with the requirements of the (Jwities Art 2011 ('the ACV).
E report in respect of my examination of the charity'5 finanaal statements carried out under
section 145 of the 2011 Act and in carrying out my exam1r￿tiOn I have followed all the
applicable Directions given by the Charity commis￿on under section 145(5)(b) of the Act
Independent exami￿5 statement
I have completed my examination. I contirni that no material matters have come to my
attention in connection with the examination 8iving me cause to believe that in any material
respect
accounting records were not kept tn re5FErt of the charity as required by section
130 of the Act or
2 the financial statements do not accord wifh those recor(L8: or
the financial statenwits do not comply with the applicable Tequirements
concerning the form and content of accounts set out in the Charities (Accounts and
Reports) Regulations 2008 other than any Tequirement that the accounts 8ive a'true
and fair, view which 15 not a matter considered as part of an independent
examinatio
I have no concerns and have come acr￿ no other in connection with the
examination to which attention should FE drawn in this report in order to enable a proper
understanding of the acrounts to ￿ reached.
R D Coton
Independent Examiner
tangard tifford Ha]1 Limited
lafford Hall
LTfford lane
King5 Norton
B30 3JN
28 March 2025

**6** 

## **WELCOME HALL EVANGELICAL CHURCH CIO** 

## **STATEMENT OF FINANCIAL ACTIVITIES** 

## **YEAR ENDED 31 DECEMBER 2024** 

||||**2024**||2023|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|||
|||funds|funds|**Total funds**|Total funds|
|**Note**||**£**|**£**|**£**|£|
|**Income and endowments**||||||
|Donations and legacies|**4**|165,753|–|**165,753**|234,290|
|Charitable activities|**5**|16,067|–|**16,067**|9,493|
|||-------------------------------------------|-------------------------------------------|-------------------------------------------|-------------------------------------------|
|**Total income**||181,820|–|**181,820**|243,783|
|||===========================================|===========================================|===========================================|===========================================|
|**Expenditure**||||||
|Expenditure on charitable activities|**6,7**|147,693|12,640|**160,333**|213,595|
|||-------------------------------------------|-------------------------------------------|-------------------------------------------|-------------------------------------------|
|**Total expenditure**||147,693|12,640|**160,333**|213,595|
|||===========================================|===========================================|===========================================|===========================================|
|||-------------------------------------------|-------------------------------------------|-------------------------------------------|-------------------------------------------|
|**Net income and net movement in**||||||
|**funds**||34,127|(12,640)|**21,487**|30,188|
|||===========================================|===========================================|===========================================|===========================================|
|**Reconciliation of funds**||||||
|Total funds brought forward||536,718|518,240|**1,054,958**|1,024,770|
|||-------------------------------------------|-------------------------------------------|-------------------------------------------------|-------------------------------------------------|
|**Total funds carried forward**||570,845|505,600|**1,076,445**|1,054,958|
|||===========================================|===========================================|=================================================|=================================================|



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 9 to 16 form part of these financial statements.** 



WELCOME HALL EVANGELICAL CHURCH CIO
STATEMENT OF FINANCtAL POSIThON
31 DECEMBER X124
2(Y24
Note
Fixed assets
Tangible fixed assets
13
928.7￿1
1.037,224
Current assets
Cash at bank and in hand
151174
95,732
Creditors: amounts fal]ins due
within one year
Net cunEnt assets
14
4.459
13,050
147.n5
8ZÉ62
Total a55ets less current liabilities
I,119,￿16
Creditors: am(ll￿ts falling due
after than one year
Net ￿setS
15
L076.445
1,054.958
Funds of the (￿lty
Restricted funds
Unrestricted funds
505,611)
570A45
518,240
536.718
Total charity funds
17
IXV&445
1,054,958
These financial statements weLE approved by the board of trust￿ and authorised for issue
on 28 March 2￿25, and ￿ signed on ￿half of the board by".
A Wells
Trustee
The notes on pages 9 to 16forni part of these financial statements.

**8** 

## **WELCOME HALL EVANGELICAL CHURCH CIO** 

## **STATEMENT OF CASH FLOWS** 

## **YEAR ENDED 31 DECEMBER 2024** 

||**2024**|2023|
|---|---|---|
||**£**|£|
|**Cash flows from operating activities**|||
|Net income|**21,487**|30,188|
|_Adjustments for:_|||
|Depreciation of tangible fixed assets|**25,924**|31,214|
|Interest payable and similar charges|**2,536**|5,888|
|Gains on disposal of fixed assets|**(65,115)**|(4,300)|
|Accrued expenses|**–**|420|
|_Changes in:_|||
|Trade and other debtors|**–**|194|
|Trade and other creditors|**1,118**|(311)|
||-------------------------------------------|-------------------------------------------|
|Cash generated from operations|**(14,050)**|63,293|
|Interest paid|**(2,536)**|(5,888)|
||-------------------------------------------|-------------------------------------------|
|Net cash (used in)/from operating activities|**(16,586)**|57,405|
||===========================================|===========================================|
|**Cash flows from investing activities**|||
|Purchase of tangible assets|**(119,938)**|(9,873)|
|Proceeds from sale of tangible assets|**267,623**|4,300|
||-------------------------------------------|-------------------------------------------|
|Net cash from/(used in) investing activities|**147,685**|(5,573)|
||===========================================|===========================================|
|**Cash flows from financing activities**|||
|Proceeds from borrowings|**(74,657)**|(9,163)|
||-------------------------------------------|-------------------------------------------|
|Net cash used in financing activities|**(74,657)**|(9,163)|
||===========================================|===========================================|
|**Net increase in cash and cash equivalents**|**56,442**|42,669|
|**Cash and cash equivalents at beginning of year**|**95,732**|53,063|
||-------------------------------------------|-------------------------------------------|
|**Cash and cash equivalents at end of year**|**152,174**|95,732|
||===========================================|===========================================|



**The notes on pages 9 to 16 form part of these financial statements.** 



**9** 

## **WELCOME HALL EVANGELICAL CHURCH CIO** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

## **YEAR ENDED 31 DECEMBER 2024** 

## **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. 



**10** 

## **WELCOME HALL EVANGELICAL CHURCH CIO** 

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

## **YEAR ENDED 31 DECEMBER 2024** 

## **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. 



**11** 

## **WELCOME HALL EVANGELICAL CHURCH CIO** 

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

## **YEAR ENDED 31 DECEMBER 2024** 

## **4. Donations and Legacies** 

|**Donations and Legacies**|||||
|---|---|---|---|---|
||Unrestricted|<br>**Total Funds**|Unrestricted|Total Funds|
||Funds|**2024**|Funds|2023|
||£|**£**|£|£|
|**Donations**|||||
|Donations|140,944|**140,944**|196,767|196,767|
|**Gifts**|||||
|Gifts Aid Claims|24,809|**24,809**|37,523|37,523|
||-------------------------------------------|-------------------------------------------|-------------------------------------------|-------------------------------------------|
||165,753|**165,753**|234,290|234,290|
||===========================================|===========================================|===========================================|===========================================|



## **5. Charitable Activities** 

|**Charitable Activities**|||||
|---|---|---|---|---|
||Unrestricted|<br>**Total Funds**|Unrestricted|Total Funds|
||Funds|**2024**|Funds|2023|
||£|**£**|£|£|
|Other income from charitable|||||
|activities - holidays and outings|16,067<br>===========================================|**16,067**<br>===========================================|9,493<br>===========================================|9,493<br>===========================================|



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

|**Expenditure on Charitable Activities by**|**Fund Type**|||
|---|---|---|---|
||Unrestricted|Restricted|<br>**Total Funds**|
||Funds|Funds|**2024**|
||£|£|**£**|
|Faith teaching (inc. depreciation)|90,671|12,640|**103,311**|
|Gain on disposal of fixed assets|(65,115)|–|**(65,115)**|
|Holiday and outings|19,312|–|**19,312**|
|Support costs|102,825|–|**102,825**|
||-------------------------------------------|-------------------------------------------|-------------------------------------------|
||147,693|12,640|**160,333**|
||===========================================|===========================================|===========================================|
||Unrestricted|Restricted|<br>Total Funds|
||Funds|Funds|2023|
||£|£|£|
|Faith teaching (inc. depreciation)|97,845|12,640|110,485|
|Gain on disposal of fixed assets|(4,300)|–|(4,300)|
|Holiday and outings|13,605|–|13,605|
|Support costs|93,805|–|93,805|
||-------------------------------------------|-------------------------------------------|-------------------------------------------|
||200,955|12,640|213,595|
||===========================================|===========================================|===========================================|





**12** 

## **WELCOME HALL EVANGELICAL CHURCH CIO** 

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

## **YEAR ENDED 31 DECEMBER 2024** 

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

## Activities 

||Activities||||
|---|---|---|---|---|
||undertaken|Support|**Total funds**|Total fund|
||directly|costs|**2024**|2023|
||£|£|**£**|£|
|Faith teaching (inc. depreciation)|103,311|100,455|**203,766**|201,497|
|Gain on disposal of fixed assets|(65,115)|–|**(65,115)**|(4,300)|
|Holiday and outings|19,312|–|**19,312**|13,605|
|Governance costs|–|2,370|**2,370**|2,793|
||-------------------------------------------|-------------------------------------------|-------------------------------------------|-------------------------------------------|
||57,508|102,825|**160,333**|213,595|
||===========================================|===========================================|===========================================|===========================================|



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

|**Analysis of Support Costs**||||
|---|---|---|---|
||Analysis of|||
||support|||
||costs|**Total 2024**|Total 2023|
||£|**£**|£|
|Staff costs|97,691|**97,691**|83,688|
|Finance costs|2,536|**2,536**|5,888|
|Governance costs|2,370|**2,370**|2,370|
|Legal and professional costs|228|**228**|1,446|
||-------------------------------------------|-------------------------------------------|-------------------------------------------|
||102,825|**102,825**|93,392|
||===========================================|===========================================|===========================================|



## **9. Net Income** 

Net income is stated after charging/(crediting): 

|||**2024**|2023|
|---|---|---|---|
|||**£**|£|
||Depreciation of tangible fixed assets|**25,924**|31,214|
||Gains on disposal of fixed assets|**(65,115)**|(4,300)|
|||===========================================|===========================================|
|**10.**|**Independent Examination Fees**|||
|||**2024**|2023|
|||**£**|£|
||Fees payable to the independent examiner for:|||
||Independent examination of the financial statements|**2,370**<br>===========================================|2,370<br>===========================================|





**13** 

## **WELCOME HALL EVANGELICAL CHURCH CIO** 

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

## **YEAR ENDED 31 DECEMBER 2024** 

## **11. Staff Costs** 

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

||**2024**|2023|
|---|---|---|
||**£**|£|
|Wages and salaries|**89,002**|76,421|
|Social security costs|**2,222**|1,834|
|Employer contributions to pension plans|**6,467**|5,423|
||-------------------------------------------|-------------------------------------------|
||**97,691**|83,678|
||===========================================|===========================================|



The average head count of employees during the year was 3 (2023: 3). 

No employee received employee benefits of more than £60,000 during the year (2023: 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 £79,787 (2023:£66,025). 

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

During the period remuneration of £73,322 (2023: £65,257) and pension contributions of £6,467 (2023: £5,264) were paid in respect of the trustees. 

## **13. Tangible Fixed Assets** 

|**Tangible Fixed Assets**||||
|---|---|---|---|
||Land and|||
||buildings|Equipment|**Total**|
||£|£|**£**|
|**Cost**||||
|At 1 January 2024|1,163,664|121,011|**1,284,675**|
|Additions|117,718|2,220|**119,938**|
|Disposals|(223,442)|(14,504)|**(237,946)**|
||-------------------------------------------------|-------------------------------------------|-------------------------------------------------|
|**At 31 December 2024**|1,057,940|108,727|**1,166,667**|
||=================================================|===========================================|=================================================|
|**Depreciation**||||
|At 1 January 2024|197,898|49,553|**247,451**|
|Charge for the year|19,329|6,595|**25,924**|
|Disposals|(28,658)|(6,780)|**(35,438)**|
||-------------------------------------------------|-------------------------------------------|-------------------------------------------------|
|**At 31 December 2024**|188,569|49,368|**237,937**|
||=================================================|===========================================|=================================================|
|**Carrying amount**||||
|**At 31 December 2024**|869,371|59,359|**928,730**|
||=================================================|===========================================|=================================================|
|At 31 December 2023|965,766|71,458|1,037,224|
||=================================================|===========================================|=================================================|





**14** 

## **WELCOME HALL EVANGELICAL CHURCH CIO** 

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

## **YEAR ENDED 31 DECEMBER 2024** 

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

|**Creditors:** **amounts falling due within one year**|||
|---|---|---|
||**2024**|2023|
||**£**|£|
|Bank loans and overdrafts|**–**|9,709|
|Accruals and deferred income|**2,370**|2,370|
|Social security and other taxes|**1,891**|971|
|Other creditors|**198**|–|
||-------------------------------------------|-------------------------------------------|
||**4,459**|13,050|
||===========================================|===========================================|



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

||**2024**|2023|
|---|---|---|
||**£**|£|
|Bank loans and overdrafts|**–**|64,948|
||===========================================|===========================================|



## **16. 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 £6,467 (2023: £5,423). 

## **17. Analysis of Charitable Funds** 

## **Unrestricted funds** 

|**Unrestricted funds**|||||
|---|---|---|---|---|
||At|||**At**|
||1 Jan 2024|Income|Expenditure|**31 Dec 2024**|
||£|£|£|**£**|
|General funds|536,718|181,820|(147,693)|**570,845**|
||===========================================|===========================================|===========================================|===========================================|
||At|||At|
||1 Jan 2023|Income|Expenditure|31 Dec 2023|
||£|£|£|£|
|General funds|493,890|243,783|(200,955)|536,718|
||===========================================|===========================================|===========================================|===========================================|
|**Restricted funds**|||||
||At|||**At**|
||1 Jan 2024|Income|Expenditure|**31 Dec 2024**|
||£|£|£|**£**|
|Restricted Funds|518,240|–|(12,640)|**505,600**|
||===========================================|===========================================|===========================================|===========================================|
||At 1 Jan|||At|
||2023|Income|Expenditure|31 Dec 2023|
||£|£|£|£|
|Restricted Funds|530,880|–|(12,640)|518,240|
||===========================================|===========================================|===========================================|===========================================|





**15** 

## **WELCOME HALL EVANGELICAL CHURCH CIO** 

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

## **YEAR ENDED 31 DECEMBER 2024** 

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

||Unrestricted|Restricted|<br>**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2024**|
||£|£|**£**|
|Tangible fixed assets|423,130|505,600|**928,730**|
|Current assets|152,174|–|**152,174**|
|Creditors less than 1 year|(4,459)|–|**(4,459)**|
|Creditors greater than 1 year|–|–|**–**|
||-------------------------------------------|-------------------------------------------|-------------------------------------------------|
|**Net assets**|570,845|505,600|**1,076,445**|
||===========================================|===========================================|=================================================|
||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|
||===========================================|===========================================|=================================================|



## **19. Financial Instruments** 

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

||**2024**|2023|
|---|---|---|
||**£**|£|
|**Financial assets measured at fair value through income and**|**expenditure**||
|Financial assets measured at fair value through income and|||
|expenditure|**152,174**<br>===========================================|95,732<br>===========================================|



Financial assets consist of cash and bank balances. 

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

||At||**At**|
|---|---|---|---|
||1 Jan 2024|Cash flows|**31 Dec 2024**|
||£|£|**£**|
|Cash at bank and in hand|95,732|56,442|**152,174**|
|Debt due within one year|(9,709)|9,709|**–**|
|Debt due after one year|(64,948)|64,948|**–**|
||-------------------------------------------|-------------------------------------------|-------------------------------------------|
||21,075|131,099|**152,174**|
||===========================================|===========================================|===========================================|





**16** 

## **WELCOME HALL EVANGELICAL CHURCH CIO** 

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

**YEAR ENDED 31 DECEMBER 2024** 

## **21. Related Parties** 

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



**17** 

## **WELCOME HALL EVANGELICAL CHURCH CIO** 

## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES** 

## **YEAR ENDED 31 DECEMBER 2024** 

||**2024**|2023|
|---|---|---|
||**£**|£|
|**Income and endowments**|||
|**Donations and legacies**|||
|Donations|**140,944**|196,767|
|Gifts Aid Claims|**24,809**|37,523|
||-------------------------------------------|-------------------------------------------|
||**165,753**|234,290|
||-------------------------------------------|-------------------------------------------|
|**Charitable activities**|||
|Other income from charitable activities - holidays and outings|**16,067**|9,493|
||-------------------------------------------|-------------------------------------------|
||-------------------------------------------|-------------------------------------------|
|**Total income**|**181,820**|243,783|
||===========================================|===========================================|
|**Expenditure**|||
|**Expenditure on charitable activities**|||
|Purchases|**11,638**|14,014|
|Wages and salaries|**89,002**|76,421|
|Employer's NIC|**2,222**|1,834|
|Pension costs|**6,467**|5,423|
|Rates and water|**9,789**|9,075|
|Light and heat|**8,110**|6,569|
|Repairs and maintenance|**12,989**|20,606|
|Insurance|**4,785**|4,127|
|Motor vehicle expenses|**–**|(83)|
|Legal and professional fees|**2,598**|4,239|
|Telephone|**497**|265|
|Other office costs|**3,615**|2,255|
|Depreciation|**25,925**|31,213|
|Interest on bank loans and overdrafts|**2,536**|5,888|
|Gain on disposal of fixed asset|**(65,115)**|(4,300)|
|Charitable donations|**19,196**|14,155|
|Church holiday costs|**19,312**|13,605|
|External speakers|**2,578**|1,978|
|Manse expenses|**4,189**|6,311|
||-------------------------------------------|-------------------------------------------|
||**160,333**|213,595|
||-------------------------------------------|-------------------------------------------|
||-------------------------------------------|-------------------------------------------|
|**Total expenditure**|**160,333**|213,595|
||===========================================|===========================================|
||-------------------------------------------|-------------------------------------------|
|**Net income**|**21,487**|30,188|
||===========================================|===========================================|





**18** 

## **WELCOME HALL EVANGELICAL CHURCH CIO** 

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

## **YEAR ENDED 31 DECEMBER 2024** 

||**2024**|2023|
|---|---|---|
||**£**|£|
|**Expenditure on charitable activities**|||
|**Faith teaching (inc. depreciation)**|||
|**_Activities undertaken directly_**|||
|Purchases|**11,638**|14,014|
|Rates and water|**9,789**|9,075|
|Light and heat|**8,110**|6,569|
|Repairs and maintenance|**12,989**|20,606|
|Insurance|**4,785**|4,127|
|Motor vehicle expenses|**–**|(83)|
|Telephone|**497**|265|
|Other office expenses|**3,615**|2,255|
|Depreciation|**25,925**|31,213|
|Gain on disposal of fixed assets|**(65,115)**|(4,300)|
|Charitable donations|**19,196**|14,155|
|External speakers|**2,578**|1,978|
|Manse expenses|**4,189**|6,311|
||-------------------------------------------|-------------------------------------------|
||**38,196**|106,185|
||-------------------------------------------|-------------------------------------------|
|**_Support costs_**|||
|Salaries|**89,002**|76,421|
|Employer's NIC|**2,222**|1,834|
|Pension contributions|**6,467**|5,423|
|Legal and professional fees|**228**|1,446|
|Bank charges and interest|**2,536**|5,888|
||-------------------------------------------|-------------------------------------------|
||**100,455**|91,012|
||-------------------------------------------|-------------------------------------------|
|**Holiday and outings**|||
|**_Activities undertaken directly_**|||
|Church holiday costs|**19,312**|13,605|
||-------------------------------------------|-------------------------------------------|
|**Governance costs**|||
|Accountancy fees|**2,370**|2,793|
||-------------------------------------------|-------------------------------------------|
||-------------------------------------------|-------------------------------------------|
|**Expenditure on charitable activities**|**160,333**|213,595|
||===========================================|===========================================|