Charity:1186318 Company. 12279065 Woodside Church TRUSTEES, ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDING 31$1 DKemb#r 2024 Company number: 12279065 Charity number: 1186318 1111111111 •AEC7BNP6* 3Q10912025 COMPANIES HOUSE
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WOODSIDE CHURCH TRUSTEES REPORT and FINANCIAL STATEMETrffS FOR THE PERIOD ENDED 31ST DECEMBER 2024 Company.. 1227906S Charity.. 1186318 Contents Page number Contents Trustees. Annual Report Independent Examiner's Report Statement of Finanryal Activities 10 Bance Sheet Notes to the Financial Statements Page". 2
WOODSIDE CHURCH TRUSTEES REPORT and FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31ST DECEMBER 2024 Company: 12279065 Charity.. 1186318 The Trustees have pleasure in presenting their report. together with the financial ststements for the year to 31 December 2024. Legal and adminislratlve detail$ Woodside Church is a charitable eLJmpany limited by guarantee,. registered with the Charity Commission as charity nurnber 1186318 and registered with Companies House as eompany number 12279065. The charitable company is governed by the MeThrandurn and Articles of Association dated 16 October 2019. It is also known and referred lo as Woodside Church. Until 31 January 2020 the chanty operated through an unineorporated charitable trust. charity number 1079669, known as Woodside Church Trust. On 1 February 2020 the assets of the unincorporated charity were transferred into this charitable company, Woodside Church. formed on 24 O¢lober 2019 and govemed by the Memorandum and Artides ofAssociat*)n. Trustees and admlnistrators The Tnjstees are.. K W Srnith- Chairperson J Oppong - Wice Chair H Masih T Green V Hlomuka D Hunt H Ebenezer A Jeganathan The administrati¢)n to vthom day to day management is delegated: D Tooth The prinupal address is: Woodside Churth Dover Crescenl Bedford MK41 8QH The prinrypal bankers a. National Weslminsler Bank FIC 81 High Street Bedford MK40 1YN The independent examiner is.. Louise Tunley FCA CTA DChA Monico Tunley Limrted. Chartered Accountants 19 Goldington Road Bedford MK40 3JY Structure, Governance and Management Oryanisational Structure The chari5 Trustees are responsible for the general oJnlrol and management of the charity. The Trustees give their time freely and receive no remuneration or other benefits. The Tnjslees meet at least four times each year wth al leasl members of the senior leadership team present. and more limes rf arcumstsnces require it. All strategic discussions and decisions are taken by the main body of Trustees at their meelings in relation lo the running of the Church. the community facililies and the activities provided by Ihe charity. The day to day management and leadership of the Trust is with the Senior Leadership Team and Senior Managemenl Team. in conjunction with administration support. The church is affiliated to the Catalysl group of churches. part of the NewrtierS family of ehurches. This is primarity an informal relationship, with no contractual ties. Page.. 3
WOODSIDE CHURCH TRUSTEES REPORT and FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31ST DECEMBER 2024 Company.. 12279065 Charity.. 1186318 Recruitment and Appointment of Twstees New Trustees are appointed by the Elders of the thurth after hdl discussion the existing Trustees. The maximum number of Trustees is 9 and the minimum is 3. Currendy there are 8 Trustees. In selecting new Trustees, the tharity seeks lo identty people who regularfy attend events and functions organised by the charity and are willing lo volunteer lo help in broader community work. Potential Trustees are given more details of the charl$ aims and activities. If all agree, they are then proposed as new Trustees al the subsequent Trustees, meeling. This process allows due consideration of the person's eligibility. personal competence. speci151 knoedge and skills. Inductlon and Twstsg training When new Trustees join they are given an infomial introduction lo their role within the church structure and their legal reSponsilI11e$. ongoi training is taken as courses are offered through Stewardship. a Christian financial services group. Key Management.Personnel The Trustees consider themselves to comprise the key managemenl personnel of the charity in charge of directing and controlling the Charity. All Trustees give of their time freely and no Trustee remuneralion was paid in the year nor were any expenses reimbutsed.The pay of the charty's staff team is reviewed annually by the Trustees and nonnally increased in accordance with average eamings. on occasion an additional performance relaled pay increase may be awarded. Risk Management The Trustees regularly review the risk assessments undertaken by them and by the various church activities. The Trustees are satisfied that systems are in place to idenbfy and manage the risks whith are identified. The principal risk faced by the charity is the reduction in income meaning sufficient funds woubd not be available to cover the expenditure. The Trustees consider that this risk is adequately mitigated by their policy of holding sufficient Teserves in order to ensure the activities of the charity can continue in the event of any variation in funding while altemative funding sources are secured. Appropriale insurance cover is in place for Public Liability and prolecbon of property arKI money. Al Trustees. Senior Leadership Team mernbers and staff. and all volunteer5 working with children. young people or vulnerable adults are checked through the Disdosure and Barring Services before they ar8 employed or allowed to work volUntarY within the organisalion. in accordance %wth the Child Protection Policy in place. Objectives and activities lincluding reportlng under Publlc Benefit) The Trustee$ have had due regard for the guidance publis1d by the Chaiity CoMmissn on public benefit. Oblectlvgs The objects of Woodside Church are documented in our Oeed as follows: the advancement in the UK and ovefseas of the Christian religK)n as defined by the Statement of Faith of the Church., the advancement for the wblic benefit of religious and other education" the relief of the aged. poor. sick and disabled- such other charitsble purposes as the TTuslees in théir absolute di$(xetion think fit. Strattyles The objectives are being pursued through the following strategies". regular meetings for worship and the public proclamation of the gospel: thesg meetings are open to all. for the benefit of the community in the locality- weekly meetings in smaller groups to build community spwit and share INes and teaching. for tho benefit of the church Communty. and providing pastoral care and support within that community. Page: 4
WOODSIDE CHURCH TRUSTEES REPORT and FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31ST DECEMBER 2024 Company.. 12279065 Charity.. 1186318 various activities durirMJ Ihe week for Parents and toddlers, children, young people, socially needy people and older people open to all in the locality. This serves the community in our area of Bedford.. provision of Ihe building to house these meetings and activities.. provision of staff lo facilitate the meeting and acti¥Fties and care for the ¢ongreg8t)n and the wider community where appropriate.. involvement of many volunteers to support the meetings arKI activilies fr(Th within the church and elsewhere. and the provision of training and support for the Volunteers. Contributions of volunteers The church VkI not funclron without the support of its ff¢mbers. both financialty and in practical work. Volunteers are the mainslay of all the seNces. youth work. Childn.5 work social outreach support work which the church is invofved in l)oth on Sundays and during the week. Achievement and Performance The charity carries out a wide range of aclNities in pursuance of its charilable aims. and these aims are for the public benefit as defined by the Charities Ad. Sunday Ser¥lc•s.' Each Sunday we meel in trwo lOcatnS for worship and inslfuction. as well as fellowship and".sharing with each other. These meelings are and will remain open to all. In 2023 we also launched tsvo house congregations of SMalr groups who would struggle lo engage wrth our wider Sunday services. Together Ihese four gatherings are the main services for communicalion of teaching, sharing in communion and news to the thurch communty. They are also a source of offerings. but giving 1$ not a condition of attending. Celebrations: Often at specific tin$ in the Christian calendar. like Christmas arKI Easter. thgse sgrvices are geared to celebrate these festivals. and extra effort is pul into inviting the wider COnunity to join us to explain their meaning. Pastoral Work: The church provides pastoral support and counselling to its own community. and through members to the wider comftnIty. This is provided by both fvll Fkiid staff, volunteers and funding extemal prof&ssional care. Small Groups: The church meets during the week in small groups moslly in members. homes. This enables closer community ties wthin the church fellowship to be buim. and provides another entry for people from the wider community in that area. This is also the primary place where pastoral needs are identified and met. Community Outreach (previously referred to as Proje¢t41): Project41 was an umbrella term used to cover all th6 work of Woodside Church in serving the wider communty. however as Woodsid8 Church increases it presence outside of the MK41 area the name has fallen out of use. This work is now simply refeNed to as Community Outreach. Centre41 and the 8efriending SeNice Ibelowl f811 wthin its remit but other activitie5 such as adult education leg. IT, Maths or English GCSE) are included. Community Outreach has been a primary activity within the Church since its inception and continues to be a fundamental part of Woodside Churthes DNA. Centre 41: This is a group who meet weekly to serve the needs of those who are socialty disadvantsged in our local community- In the building there are social activtties. free drinks and Snacks alongside signposting and help desk provision. Many of Ihose who attend have been referred lo us by Social SeThices. We also make provision for social support and in conjunction with Bedfordshire Rural Community Charity. the Church is one of several cenlres in the county offering support to those who are 'digitally exduded al our drop in centre. The Centre41 team provides supporl outside of the building on an individual needs basis. Many individuals have been helped with lrfe skills and in practical ways by thi5 group. We also encourage those who attend to become part of the church comrnunty and receive support. Llnklng Lives Bedford- Befrlendlng Servlce: Linking Lives 8edford 15 a befriending service run as part of our community outreach work. It is aimed al bringing support ard friendship lo isolated and lonely members of the Bedford community- Befrienders meet wth their dients weekly to break the eycie of loneliness and hdp to link them with their local community. In 2024 the setwice was funded through a CL)mbinalion of church general funds and grant funding from The Harpur Trust. Wixamtree Trust and Beds and Lulon Community Fund. Page: 5
WOODSIDE CHURCH TRUSTEES REPORT and FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31ST DECEMBER 2024 Company: 12279065 Charity- 1186318 Connections: This is a weeY group whth runs on a Wednesday day Iwne and serves the over 55's. It provides social activities as part of a varied Programme for Ihe local communty. alongsKle free drinks and akes. Children and Young People: In addrtion to our Sunday children's and youth work for those who come to the church services, which caters for 0-18 year old children. we run additnal mid week events. The focus in these is towards the community outside the church, and we encourage the young people to brbng friends for a fun but safe session. We also support our Ial sthods with Religious Instruction lessons. and assemblies on a Christian theme. providing a well used resource for schools in our area. Dgvoted: This is a group ft)r those vtho are in school year 10 - 13 and want to study the bible irb fvrther depth. These meetings lake pl forthighty on Sunday evenings in term time. The evenings often involve games, food and a bible study. Charitable donatlons: In accordance wlh our faith. and our charitable objectives. we will sometimes give gifts lo other charita8 causes which we would supporL In particular. we give money from general funds to Catalyst, as we are part of that neOrk of churches, to help run their adminislration and support their charitable work, and encourage Ihe mernbers to give extr8 grfts for their annual collection, which is given for many different projects around the world touthing the FK)or and building the woddwide church. Tho Bulldlng: The bUdIng 15 used for our ovm meetings, but also for some social functions wrthin the church eommunty. Weddings and Funerals are run according to the Christian faith for church members within our own wmmunity. Quiz hts and other sooal functi$, organised by church members. are run both lo raise funds and for the benefrt of Ihe wder communty. UK Mission.. W¢Jodside Church is part of a 'Hub' of churches vthin thg Catalyst network of churehes. This 'Hub' is made up of several UK churches as well as churches outside the UK. Those that are UK based meet regularfy to provide support and encouragement lo each other. These meetirbgs take place at Woodside Cl)urch monthly and midweeK Aoditsonally the churches induded in this 'Hub' make donations into a fund lo provide support to the Hub churthes and shared missional work where needed. International Mlssions: We are aclivety invofved in missh)n work in several parts of the worfd. Some of the staff occasionally travd abroad to encourage churches and Christian workers. We also support through financial giving projects foi the poor and to provide relief in times of intemational crisis. This benefits churches and the general public n those places where we have contacls. Financial Revlew Income for the year was £706.809 {2023- £679.2391 wth freewill offerings comprising 78'A of the lotal12023 81Y.I due to 8 large increase in ants receivable for our community and projects rnade in conjunction with Newfronliers and CatalysL Expenditure for the year was £630,668 12023 £630,819) Total Funds increased to £1.012.695 12023 £936.554) and the Restricted Funds to £125.27212023 £101,2}. The Capital Fund increased to £706.472 12023 £704.5521. The General Funds {Free Reserves) increased to £180.951 (2023 £130,712).. Atl fund mOveffnts are analysed in Note 7.1 of the accounts. Future plans In 2024 we saw great growth in our outreach and ngregatIOnS. In 2025 we are seeking to create more space. more leaders and more congregations as we InJst Ik) see more people added to our number. In line with this in 2024 we restruthired our leadership team to enable greater representation of those who serve and lead across our church introduong the role of Oeacons into this team. In 2025 we are believing Ihal we will see salvations and baptisms. We ended 2024 already feeling the challenge of space in our Sunday services and a desire lo plant further congregations across Bedford. Our plans for the coming year indude reviewing where it Vuld be appropriate to stsrt gathering further congregations. We are also exploring options of sEe. Shape and style of Ihose meets.ngs as we seek lo reach and reflect our communities. Page: 6
WOODSIDE CHURCH TRLISTEES REPORT and FINANCIAL STATEMENTS FOR THE PERIOO ENDED 31ST DECEMBER 2024 Company: 12279065 Charrty: 1186318 we duFAicate our DNA a¢ross ¢ongregations. we want to ensure that we continue to Serve the communities we are based in. Our communty outreach work wll be tailored to seNe the eommunity needs. Addilionally we are seeing excitiThJ growth in our under 30's. In response lo this we are looking at how we can restructure our resources in this area in 2025 and beyond. We need lo increase space ft)r our youth and children's work at our current Sunday serwces. create a structure that can support serving both these aa$ and our young adults work across all. induding any new. tknngregalions and raise up more aderS to serve in this vital area. In 2025 we expect lo continue lo serve as a resource base for other churches and christian ministry globally through our connections with the Catalyst NeIk of Churches. our community of Hub churches and supporting.Ihose who serve globalty out of Woodside Church. We expect to see a decrease in our restricted funds in 2025 as we seek to use the rnoney entrusted to us for local and w)ternatnaI missions work. All of Ihe above is alongside (x)ntinuing to serve our already existing church communty and further Strengthening of our ongoing funds to continue our work. Poli¢ies Grants: The Senior Le8dership Team will make gifts from tsme lo bme from the Trust funds for purposes which they feel are consistent with the Aims and Obj'ectives of the Twst. These are reviewed by the Trustees arKI are given under their authority. Reserves: It is the FKAicy of Ihe Truslees to hokj available reserves representing three months of General Fund expenditure in order to ensure the activit$ of the thanty can continue in the event of any variation in funding. In 2024 the General Fund of £209.816 was in excess of policy Investments: Cash in excess of current needs are hekj in Nal Wesl Reserve accounts Ilnterest Rale 1.45 %) Statement of Trustees. responsibilities The Trustees are responsible for preparing Ihe Trustees Annual Report and Ihe financial statements in accordance with applicable law and United Kingdorn Accwnting Standards (United Kingdom Generally Accepted Accounting Practice}. The law applicable to charbties in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial ststements, the Trustees are required to.. select suitable accounting F)olicies and then apply them consistently- observe the melhods and principles in the Charities SORP 2019 IFRS 1021: make judgements and estimates that are reasonable and prudent: state whether applicable accounting stsndards have been followed. subiecl to any material departures disclosed and explained in the financial stalements- prepare the financial ststemenls on the going concem basis unless it is inappropriate to presume that the chanty will continue in operation. The Trustees are responsible for keeping proper aecounting records which disdose with reasonable accuracy al any time the financial position 0¢ the charity and enable them to ensure that the financial statements comply with ihe Charities Act 2011. the Charities (Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of traud and other irregularities. Approved by the Board of Trustees and signed on their behaw by Kevin Smith TrusteelDirector 25 September 2025 Page: 7
WOODSIDE CHURCH TRUSTEES REPORT and FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31ST DECEMBER 2024 Company.. 12279065 Charity.. 1186318 Indopendent Examiners Report I report lo the charity trustees on my examination of the aetounts of the company for the year 8nded 31 December 2024 which are set out i)n pages 9 10 17. Responsibilities and basis of report As the tharily trustees of the company land also its directOTS for Ihe purposes of company law) you are responsible for the Preparation of the accounts in accordance wrth the requirements of the Companies Act 2006 {'the 2006 Act'l- Having satisfied myself that the accounts of the o)mpany are not reqUId to be audited uler Part 16 of the 20¢)6 Act and are eligible for independent examination, I report in resped of my examination of your company's accounts as carried out under Section 145 of thg Char[t$ Act 2011 {'the 2011 Act'l. In carrying out my examination I have followed the DIrectn$ given by the Charity Commission under section 145(5Xb) of the 2011 ACL Independent examlnerfs slatement Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Act. I confirm l am qualified lo undertake the examination because l am a mèmber of the Institute of Chartered Accountanls in England and Wales, which is one of Ihe listed bodies. I have completed my examination. I nf1M that matters have corr to my attention in connectson with the examination giving me cause to believe that in any material respect.. accounting records were not kepl ID respect of the company as required by sectK)n 386 of the 2006 Act., or the aceLunls do not accord with those records. or 2. the accounts do not comply vAth the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a knie and fair wew. which is not a matter considered as part of an independent examination- or 3. the accounts have not been prepared in accordance with Ihe methods army principles of the Statement of Recommended Practi for accounting and reporting by charities applicable to charities preparing their accounts in accordan with the Finanual Reporbng Standard apF4icatle in the UK and Republic of Ireland (FRS 102). 4. 1 have no concems and have come across no other matters in connection with the examination to which attents'on should be drawn in this report in ordef to enable a proper understanding of the accounts to be read*J. Louise Tunley FCA CTA DChA ICAEW. Chartered Accwnlant Monico Tunley Ltd 19 Goldington Road Bedford MK40 3JY 25 September 2025 Page: 8
WOODSIDE CHURCH TRUSTEES REPORT and FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31ST DECEMBER 2024 Company.. 12279065 Charity.. 1186318 STATEMENT OF FINANCIAL ACTMTIES Year •ndlng 31sL D•e•mber 2024 Year 2024 Year 2023 unr•Strict R•stricted Capital Funds Total Total FuTrds Funds Fund$ IoMe from: Investment Inw Other Income 2.861 2.861 1,805 1.454 549.728 126.252 679,239 Donalions and Gifts Charitsble activthes 470.566 14.520 487.947 80.634 138.227 218.861 551.200 152,747 706.809 Total In¢omo Exp•ndbtur• on: GeneratiThJ Funds Charit8ble.adiviti¢s 16.459 147.040 50.284 213.783 5.078 18.903 23.981 17.547 $32.422 80.699 630.668 76,141 358.437 30.415 26.945 630,819 Grants and Donations Given Total Expenditure Net incornèl{éxpèndrture} Transfers beeen fvnds 26.945 126.9451 28.86$ 1.920 630.819 48,420 98.007 147.7681 $0239 Net movement in funds 76.141 48,420 R*concillatlon of fund5= Total funds brought torward Total funds carried forward 130,712 180.9S1 101.29) 704.552 936.554 888.134 125.271 706,472 1,012,695 936,554 The notes on pages 1110 17 form part of these financial statements. Page: 9
WOODSIDE CHURCH TRUSTEES REPORT and FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31ST DECEMBER 2024 Company: 12279065 Charity.. 1186318 BALANCE SHEET Yèai •ndlng 31st. O•c•mber 2024 Y•ar 2024 Y••r 2023 Nol•s Unr•strlct•d R¢strlci•d Capltal Funds Total Total Fd5 Funds Funds Funds Flxed Ass•ts TatYJible fixe¢J assets Total Fixed Asstts 7(,472 706.472 706.472 706,472 704,552 704.552 Current A$5•ts Cash at bank and in haThJ 147.723 103.926 251.PA9 190,610 57,761 Debtors 35.728 21,346 S7.074 Total Current A$sgt$ 183A51 125.272 308.723 248.371 Short Temi Llabllllfjes Creditors.. amounts fallir¥J due thin 1 Year (2.5001 {2.$001 116.3691 Net eurrent a$sets 180.9S1 125272 306,223 232,002 N•t Ass•ts 180,951 125,272 706An 1.012.695 936,554 The fvnds of Ihg ¢harity Capital Fund UnstriCted funds 706.472 706,472 704.552 13Ct.712 180.951 180,951 125.272 Restricted funds 125.272 101.290 Total charity funds 180.951 125.272 7n6J7? 1.fi1?.,698 The notes on pages 11 to 17 fom part of these fnancial statements. For the financial year in question. the company was entilied lo exemption uThJer section 477 of the Companies Act 2006 relatin9 to small companies. No members have required the company lo obtain an audit of ils accounts for the year in question in acLordance wilh section 476 of Ihe Companies Act 2006. The directors acknowledge their responsibility for complying the requirements of the Act wilh respect to accounting records and for the preparation of the aceounts. The financial statements have been prepared in a¢darte with the provisions applicable lo companies subject lo the small wmpanies, regime. Signed on behalf of the Trustees: TrusleelDireclor Kevin Smith Dated: 25 September 2025 Page.. 10
WOODSIDE CHURCH TRUSTEES REPORT and FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31ST DECEMBER 2024 Company: 12279065 Charity.. 1186318 NOTES TO THE FINANCIAL STATEMENTS Accountlng policies 1.1 Accountlng convention The financial slatemenls have been prepared on a going concem basis under the historical I$t convention, modrfied lo in¢Sude certain iterns al fair value. The charity constitutes a public benefft entity as defid by FRS 102. The accounts {finanual stalementsl have been prepared under the historical cost convention with items recognised al cost or transaction value unless otherwise ststed in the relevant note(sl lo these accounts. The rinancial statements have been prepared in accordance wtth the second edits.on of the Charities Statement of Recommended Practice issued in October 2019, the Financial Rewrting Standard applicable in the United Kingdom and Republic of Irend IFRS 102} and the Charilies Ad 2011. The Trustees consider that there are no rnaterial uncertainlS about the tharity's abilty lo continue as a going concem. The key risk to the charity is the potential reduction in income but the level of reserves held is sufficient lo mrbgale this risk for the foreseeable fulure and is not considered to cast any doubt over Ihe going concern basis. Despite the Covid-19 pandemic, the charity has continued to operate using other methods within the guidelines of safety as recommended by the Govemment and the ch8rity's own risk assessments. SeNices started lo tske place wrtually in March 2020 and steps were tsken throughout the whole of the accounting year to keep the ChLFrch's activrties operating as much as possible. The Trustees hope that the impact on the charity's financial position is minimised as a result. The trustees do not currenuy believe there is an impact on the chanWs abilty to conts.nue as a going concern. 1.2 Fund accounting The tharitys General Fund is available for use by the tharity at ils discretion. {ii} The Charis Capitsl Fund contains the capitalised fixed assets which are approprialefy {iiil The charivs restricted fvnds arg those where the donor has imposed restrictions on the use of the funds which are legally binding. From time lo time the Tnjslees may augment such Reslricled Funds by designating additional funds from the general reserves where this is considered prudent. 1.3 Iorne All voluntary income is included as income on receipt. (li} Restricted income is induded in the restricted statement of financial aclivilies account on receipt. (iiil Oonalions under deeds of cov.enant and gift aid are recognised as income when the donation is r1ved. The associated tax is aecrued in the same period as the donation. 1.4 Financial inslrum•nt$ Debtors and creditors with no slated interest rale and receivable or payable within one year are recorded al transaction price. Any losses arising from impaimient are recognised in the profft and loss account in other administrative expenses. 1.5 Investment inGome Interest is accrufjd on a daily basis and is credited on this basis in the Ststement of Financial Activities. 1.6 Allocation of expenditure Costs are charged direcuy to advanCeNnI of Christian relIgn and Outreach projects wherever Page- 11
WOODSIDE CHURCH TRUSTEES REPORT and FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31ST DECEMBER 2024 Company.. 12279065 Charity.. 1186318 appropriate. 1.7 Govemance Costs The charity has identified costs of governance as costs related to charity reporting. safeguarding and a proportion of the costs of staff. 1.8 Fixed assets and depreGiation Fixed assets are included in the financial statements al their historical cost and are writlen ¢)ff over their estimated useful lives by depreciation through the statement of financial activities at the following rates- Freehold buildings Equipment 2% Straight line depreciation over 50 Years Straight line depreciation over expected life Note to auditor- Historically some equipment assets have had accelerated or declining balance depreciation bul in 2024 this has now been changed to adopt straight line depreciation at individual item level now that historical AV equipment is fulty depreciated- This change was approved by the Trustees relrospeclively for the 2024 accounts in the meeling of Monday 24th February 2025 and minuted. 1J Pensions Contributions payable to pension schemes are charged lo the ststement of financial activities in the period lo which they relate. Pension costs are allocated behveen unreslricted and restricted funds according to the nature of funds receNed to cover the expenditure for each staff member. 1.10 Leasgs Rentals payable under operating aSe$ are charged on a strai9ht4ine basis over the tem of the lease. 1.11 Public Benefit Entity eonc•ssionary loans Public Benefit Entity concessionary loans made and received are initially measured al the amount paid or received and recognised in the balance sheet accordingly. Any accrued interest recetvable oi payable is then adjusted against the carrying value of the loan in subsequent years. 1.12 Critical accounting judg•m•nts and key sources of estlmatlon uncertalnty In the application of the chanS accounting policies. the Trustees are required to make judgements. estimates and assumptK)ns about the carrying amount of assels and liabilities that are not readily apparent from other sources. The estimales and associated assurnptions are based on historical experience and other factors that are consere lo be relevant. Actual results may differ from these estimate5. The estimates and underlying assumptions are reviewed on an on90ing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both ojrrent and fulure periods. In the Opini of the Trustees there are no critical accounting judgements 01 estimation uncertainties wthin Ihe charity. Page.. 12
WOODSIDE CHURCH TRUSTEES REPORT and FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31ST DECEMBER 2024 Company: 12279065 Charity.. 1186318 2.1 Analysls of Income 2024 Y•af 2024 Y•ar 2023 Unrestrieted R•strkt•d Capilal Funds Funds Fund Total Total Funds Funds Incom• from.. Inv•stm¢nt Income Bank Interest Othgr 2,861 2.861 1.805 1.454 3.259 2.861 2,861 Donations and Gwts Olferings and donations Glft Aid 397.763 72,803 69.619 11.015 467,382 83,818 481,721 68,007 549.728 470.566 80,634 551,200 Charltable actlvltles Grants Events"and Sa$ 12.018 2.502 14.520 129.838 8.389 138.227 141,856 10,891 152,747 126,252 126,252 Total Incom• 487.947 218.861 706.809 679.2391 2.2 Comparative Anatysis of Income 2023 Y•ar 2023 Total UnstrICted R•stri¢ted Capital Fund Funds Funds In¢•m• frpm: Investment In¢orne Bank Interest Other 1.80S 536 1.805 1,454 3,259 918 2.341 918 Donations and Gifts Offerin9s and donats.ons Grft Aid 380288 67.783 101.433 224 481.721 68.007 549,728 448.071 101.657 CharftJblg a¢tivitl•$ Grants Events and Sales 126.252 126,252 126,252 126.252 Total Incom• 450.412 228.827 679,2391 Page.. 13
WOODSIDE CHURCH TRUSTEES REPORT and FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 ST DECEMBER 2024 Company.. 12279065 Charity.. 1186318 3.1 Analysis of ExnditUreS Year 2024 Total Year 2023 Unrestrict¢d Rg$trict Capital Fufftd Total Fwids Funds Funds Funds Exp•ndrture on.. Generating Funds PubliLity Events and Sakns 621 1.709 15.838 17.547 15,838 16,459 9.846 Charflabl• activiti•s Payroll Employee Training Adminsstralion 257.623 1,$63 41.472 47.252 129,441 2.507 5.387 387,064 4,070 46,859 47,252 26.945 8.837 3.177 1.398 6,365 361,181 1.192 92,132 45,122 . 31.443 9,064 Buiidmg ar Facilities Depreciation Meetings etc find Sunday Costs) Pasioral and Hardship Childr•n Youth 26.945 6.074 2.763 2.731 218 1.180 2.752 75 879 3.613 3.659 9.989 $54,661 Community and Mission 455 358.437 147.040 26.945 532.422 Grants and Oonthn$ Gfven Allocated Slaff Costs (105,453 171.765 630,819 UK and Intgrnational Mi55ton Total Expendlture 30.415 50,284 213.783 80,699 630.668 389.940 26,945 3.2 Disclosure of Payroll and Pensions The lolal of £387,064 is indusive of National Insurance empknyer ntributIonS of £22,412 and Pensions provisions of £25.182. 2024 2023 Core thJrGh Communty Partnership- exiemal Governance T¢)tsl Employed 10 10 3.4 Trustee Disclosures Trustees ceiVed no remuneration nor any reimbursed expenses for their duties as Trustees. Donations of £24.380 were given by Iruslees. Mr H Ebenezer, who is a trustee and a stsff member. received a salary as a pastor and sile leader. 3.5 Romuneratlon Commlttee Page- 14
WOODSIDE CHURCH TRUSTEES REPORT and FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31ST DECEMBER 2024 Company: 12279065 Charity.. 1186318 Salaries of all stsff members are delemiined by the remuneration committee. consisting of those Trustees who are not employed by the Church. 3.6 Financial Commitments The Church leases a Photocopier Machine at £821 p.a from June 2023 and finishiry in September 2028. 3.7 Capital comm6tments: There are no capitsl commtrnents. 4. Tanglbk fixed •s¥ets Froehold land and Mtssk artd sound Other buildlngs equipment EqUipMt Total Cost At January 1st.2024 Additions At Dècember 31 SL 2024 1,098.196 42,613 28.866 71.479 1,228.873 28,866 1.257,739 88,064 Ac¢umul4ted dep11111 At January 1st.2024 Charge for the year At December 31 SL 2024 406.282 21.964 428.246 86.450 1.614 88,064 31.$89 524,321 26.946 551,267, 34.9S7 Mèt book ¥alue$ At January 1st.2024 At Dee•mb•r 31 st. 2024 691.914 669,9S0 1,614 11,024 36.522 704.552 706.472 S. Dobtors 2024 2023 Prepayrnents Gift aid re¢overabl• Accrued Income 15.729 19.932 3.078 27,162 27,521 Mission debtors 21.412 Total O•btors 57.074 57.761 6. Credltors (short t•mi- lèss than 1 y•arl 2024 2023 Trada cr8ditors Payroll Accruals 4.613 9.110 Total Credltors '16.369 Page.. 15
WOODSIDE CHURCH TRUSTEES REPORT and FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31ST DECEMBER 2024 Company.. 12279065 Charity. 1186318 7.1 Fund Anatysis Current Year Opening Balance Closing Balance Fund Income Expendllure {26,945) 1388,8641 {1,0761 1389,940) Transfers Capital General 704,552 28,865 706.472 130.712 486.194 {47.7681 180.274 Gods 8tg Story .To¢al Unrostrict 1.753 677 130.712 487.947 {47,768} 180,951 Restrlc¢gd Funds Rushden 41.024 41,024 Future Leadership South 16.111 15,144 (17.8611 12,7361 {106} 13,394 33,775 31.039 Lighthouse Christmas 171 52 117 495 10,566 17.3741 3,687 1.780 Communty Relief Ctsmmunty Outreach Befriending 4,351 12,571 (2,4631 {39.1931 2.890 2.596 3.023 17,870 26.180 3.687 Wesl Africa 2.449 3.687 6.136 Dan Martin 3.438 6.096 (7.71MI {2501 3.380 5.210 Slea Leone 250 Liberia Albania 2.014 750 {2.489} 275 Newday Festival Catalyst Festival Catalyst Muftiply Catalyst Train1000 Catsly5t Hub 1.842 14,763 (17,239) 16401 12.9171 {10.8481 {12,5781 1.s15 881 605 35 569 (3161 316 8.897 {1,635 11.545 5,195 9.955 8.973 Andrey 8onderenko David Devenish 4.715 68.603 (72,927) 121.261) 391 16.122 s.000 {1391 'Tolal Restricted 101.290 218.862 (213.783 {630,6681 18,903 125,272 TOTAL . All Funds 936.554 706.809 1.012.695 Page.. 16
WOODSIDE CHURCH TRUSTEES REPORT and FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31ST DECEMBER 2024 Company.. 12279065 Charity.. 1186318 7. 2 Transfers between funds - current year Reason Amount From To Designation to 'Catalyst Hub. Designation to'Dan Martin. D85ignation to 'David Devenish. Designation to 'Newday Festival. Designation to'catalyst Festival. Designation to 'Catalyst Train1000' Designation lo 'Befriending' Designation to West AfrirA' Purchase Fixed Assets 8.973 3.380 5.000 1.515 35 316 3,687 3.687 28,865 General General General General General Catalyst Multipfy Christmas Christmas General Catalyst Hub Dan Martin DavKI Devenish Catalyst Festival Catalyst Festival Catalyst Train1000 Befriending Wesl Africa Capital After the close of 2023 the followng zero balance funds were dosed". All Nations Language Schod, Sunday Kids Work (Excite}. Relief Aid Ilndia}. Outreath (Community Groups). Outreach {Lighlhousel. Training Projects (Impact}. Missions (Liberia). t)onalion$ Other Iwesl Sile Startup) & Special Offefing {Catalyst). Page.. 17