Charity number.. 1188003 WHYTELEAFE FREE CHURCH (A Charitable Incorporated Organisation) Financial Ststements and Report of the Trustees (both independentty examlned) for the year ended 31 December 2022 P•Je 1
Whyteleafe Free Church IA Charitable Incovpornted Organisationl Charity Number.. 1188003 Index to the Financial Statements for the year ended 31 December 2022 Page Indèx to the financial statement$ Charrty infomiation Report of the trustees 4-7 Statement ol the ponsibIlit5 of the trustee5 Report of the independent examir Statefflent offinanaal [vIt 10 Balare sheet Notes to the finanryal Statements 12-26 Py2
Whyteleafe Free Church IA Charitable Incorporat•d Organisalionl Charity Number 1188003 Charity infomiation for the year ended 31 December 2022 yteleafe Free Church is a ChantatAe lw)ryrated organisats.on ICIOI and a registered charity governed by it Constrtution dated 19 Septernber 2019. The CIO was ¥egiSteied on 17 February 2020 and commenced operations on 1 January 2021. It suc£eeds United Free Church. ytelale. Surrey (Fvrbds held in conneclion therewthl Icharrty Nurnber 2342181. For disdosufe purposes Ihis SuCe$sln as taty as a rcLStrUCtIon of the tharities under the Charities SORP IFRS 1021 usuig the principles ol merger ac£ounb"ng. Charity name: yteleafe Free crth Other operating names.. No other names Charity r•gistrntion nUrnr. 1188¢))3 Registered officè.. 157a GcJslone Ro1 yleleafe Surrey CR3 OEH Operntiong addr.. 157a Gc#lst(ffle Road Surrey CR3 OEH Trust•ès who held offirR during the year. Anthony Cn)ss Jul*t Kilpaln'r Daniel Morris Chair - ResIgn 27 November 2022 - Resigned 10 January 2022 Thisari Tennakoon Chair. Treasurer: Paul Baker FCA IRelir&Jl Ind•ndent Examiner: lsobel Cule FCA Top Floor 13a High Street Edenbridge Kent TN8 SAB 8ankers: Lloyds Bank PLC BuNeT Place Branth Chelmsford Legg Street OSC 1 Legg Street Chelmsford Es CM1 1JS Page 3
Whyteleafe Free Church IA Charitsblg Incorporated Oryaniswlionl Charity Number.. 1188003 Report of the trustees for the year ended 31 December 2022 The trustees of Whyteleafe Free Church present their report together wrth the financial statements for Ihe year ended 31 Dember 2022. Whyteleafe Free Church (WFCI commenced operations as a Charrtable Incorporated Organisation ICIO} on 1 January 2021. The CIO took over all the liabilities and reserves of United Free Church IWUFCI, Whyteleafe, Surrey {Funds held in connection therewrthl, Registered Charity 234218. The CIO is a legal entrty and can enter into contracts in rts own right. It holds property in its own name and as a separale legal entty, the members and trustees wi51 nonnally be protected from becoming personally liable for any liabilrties incurred by the CIO. The financial statements have been prepared in accordance with the accounting policies sel out in noles to the accounts and comply with the chanty's goveming document. the Charities Act 2011 and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to harities preparing their accounts in accordan with the Financial Reporting Standard applicable In the UK and Republic of Ireland issued in October 2019 For the purposes of FRS102 the reconstruction was Ireated as a Merger under S27. 13 of FRS102. The Legal and Administration on page 3 fomis part of this report. Objectives and Activities The fomial object of the CIO is the advanfflent ()f the Christian Faith for the public benefit. We are a friendly. multicultural evangelical chufch in l•thyteleafe, Surrey_ Our vision is to share the good news of Jesus Christ with our community, in word or deed. as we have opportunity. This flows out of our vision statement to be like Jesus, outworking His Commission in small-group discipleship. Our website contains information, news and a calendar of events. In setting objectives and planning for activities, the trustees have given due consideration to general guidance published by the Chanty Commission relaling to public benefit. The services and pastoral meetings organised by the Church are disclosed below. Achievements and Perforniance Worship and Prayer By March 2022 most of the Covid $triCtIonS in the United Kingdom had been lifted. However a "You Tube" link is still operative. This enables those who find rt dtfficult, or wtho are unable to come to the building, to watch the Servi "live'_ The semon is also recorded and available lo listen to later. Themes for the sermons induded "Faith in adversi. There are weekly services and teaching for all ages. with crèche, children's and youth work. Rolas covering preaching, leading and technical support have enabled the servi$ to be Suc$$fUl There are also rotas for leading the children's and youth work and for the welcome to folk arriving and for providing coffee for the fellowhIp after the main service. Some drfferent people are taking part in these roles than in previous years. The church has seen new people, adults, young people and children come in and some of them stay. Prayer times held in person and on Zoom, infomally and formally, afe a vital part of our life together. There is a weekly Ghurch prayer meeting but much more is done informally. P*4e 4
Whyteleafe Free Church IA Charitable In¢orpornt•d Organisationl Charity Number.. 1188003 Report of the trustees {continuedl for the yeaf ended 31 December 2022 We have a wide reach in our links wrth several mission partners working in other countries. supporting them in prayer and conneding with theffl via Zoom, emails and occasional visits. This broadens the outlook of the church and provides opportunrty for giving financially. Chas Wood was invited to lead I0 separate day sessions of prayer and praise. In addition, in depth and interactional Bible teaching is offered through The Way of the Spirit Revival Training Centre which uses the church hall on a Saturday moming On a month. This draws in others from dtfferent churches across Surrey too. Recently this has included studies on the book of Mark. Our church is wonderfully ewmenical, and embracing other cuftures and finding out about them is always important. Occasional extra activities. such as meals together. intemational food evenings and table tennis have been enjoyable events. Part of the vision of WFC is to reach out to the community and encourage more use of the church buildings. The church hall was let out for the whole of 2022 to a local guidelbrownielrainbow group regularly. This arrangement is likely to continue in 2023. The hall is available for other groups outside of WFC on both a 'one-off and regular basis. It can also be used as a party venue by arrangement with the trustees. Our vision as we go forward into 2023 and beyond is to see growth and maturity in people's walks of farth, with people taking responsibilty according to their gtfting. impading the local community and beyond as we have the abilty. We also hope to have more home groups and reach more young people Fabric of ChurGh and Hall The Church has been redecorated in recent years and is lookn'ng very smart It has an up to date sound and vision system together wrth a large wall-mounted screen. A continuing project is the redecoration of the church hall once its roof has been renewed. This is to be partly funded by gifts left over from the redecoration of the thurch. The trustees are grateful for the help of member5 and attendees who use their skills to maintain the site. When required professional workers are employed. Pastoral Care Part of the vision of the church is to strengthen people's farth and bring them lo maturity. Weekly or fortnightly groups meeting in homes. on the church premises and on Zoom enable greater depth of friendships to fom and to provide support for individuals as required. There are six such small groups meeting on various days throughout the week. The groups and their leaders are as follows. Wednesday moming. Men's group led by Richard Butts (elder) Wednesday moming. Mum's bible study led by Juliet Kilpatrick (elder) Wednesday evening.. online mixed group of all ages led by Ros Morris. wrfe of Danny Morris (elderl Thursday evening.. Online group led by Thisari Tennakoon (elder and trustee)
Whyteleafe Free Church IA Charitsble In¢orpoAted Oryanition) Charity Number 1188003 Report of the trustees (continued) for the year ended 31 December 2022 Thursday evening. Men'5 group led by George Sewell (trustee) Friday moming.. Ladies group led by Gerrie Atfftll (long standing member) Mission and Evangelisrn We have introduced 'Living Waters. on Saturday aftemoons from 2pm to 5pm. Friends will find a warm place to relax and can choose from tea and coffee wrth cake and biscuits. Alternatively there is soup and a bread roll. Also on Sunday evenings we show films about the life of Jesus. Helping those in need is a demonstration of our faith. The trustees allocate 15% of donated income, 12 % to the Mission Fund and 3% to the Local Needs Fund. Grants from the Mission Fund for the year are detailed in Note 13. The Church website www wh leleafefreechurch or .uk and YouTube have up lo date infomation about the church and its activrties. These are updated frequently. Sermons, live worship and event details are published both for members and non-members consulting the sile. Ecumenical RelatnShIpS We maintain our strong links wrth Caterham Congregatiorbal Church, WFC also participates in Caterham Churches Together prayer meetings. These take pla every Wednesday morning between 8.30 am and 9.00 am. The venue Ghanges each month. wrth Richard Butts being WFC'S main contact. Financial Review Total reip1S on unrestricted funds were £51,641 (2021.. £51,027) of which £15.020 (2021.. £15,651) was Income from investments, mostly from properties, £8.720 (2021.. £70,7t)O) being short-term rent from the former pastor's house. In 2021 income on unrestricted fund5 also included the realisation of the loan made to our fomier pastor when he purchased 216 Croydon Road. Restricted donations totalling £150 (2021.. £1, 050) were received and applied to the Mission and Local Needs funds. The fomier pastor's house was refurbished in 2022 to allow long-term letting, which is now In place. The financial arrangements for the purchase of 70% of the fom)er pastor's home in 2021 resulted in the Church receiving cash of £25,000. This sum has been transferred from the unrestri&ed funds to the restricted refurbishment fund. After Covid, collection income at servi$ steadily improved during the year and Gift Aided Donations, including the gift aid. and Non-Gtft Aided Donations largely held up and totalled £28,797 (2021.. £24, 257) and £5,338 (2021." £10, 118). respectively. Expenditure included administration of £9,824 (2021.. £4,403) wrth the introduction of an administrator, fabric costs of £16,146 (2021.. £5,627), Ihe adverse Vanan relating largely to repairs to drains. As mentioned above transfers to Restncted Funds for Mission and Local Needs totalled £5,465 (2021. £5,276). Total funds carried forward now total £1,101,809 (2021.. £938,818), being Unrestricted £1,069,883 (2021. £907, 488), Restricted £31,926 (2021.. £31,330) as shown in Note 27. Paae 6
Whyteleafe Free Church Charity Number.. 1188003 IA charitab Incorpornted Or9anisalionl Report of the trustees (continued) for the year ended 31 December 2022 Structure. Governance and Management Strict budgetary control is exercised by the Trustees and the Treasurer and the Income and Expenditure Account (Unrestricted Funds) shown in the Management Accounts brought in a surplus of £11,606 which was only £613 short of budget. The Trustees consider this a very satisfactory result for the year. It would have been better had there not been the nesSitY of unforeseen drainage repairs. Reserves policy It is Ihe trustee's policy to maintain a balance on unrestncted funds (rf possible), which equates to at least six months. unrestncted payments. equivalent to about £20,017 (2027.. £13,000), to cover emergency situations that may arise from time to time. The balance of £44,883 held on unrestricted funds, excluding properties. at the year-end more than matched this target. (In 2020, unrestricted funds st¢1 at £65,427.) Goveming document." The goveming document was drawn up by solicitors Anthony Collins Solicitors LLP and is dated 30 September 2020. The Charity operated from on 1 January 2021. Tmstees." Details of the trustees can be found on Page 3. Trustees are responsible for running the charity as required by legislation from the Charity Commissioners. Elders have continued to lead the spintual side of the Church, Servi$, meetings and other events. Four Elders were commissioned on 12 Septemt*r 2021". Thisari Tennakoon (also trusteel, Juliet Kilpatrick (also trusteel, Richard Butts (fonner trustee) and Danny Morris (fomier trustee) and continue to hold office. The trustees are responsible for making policy. business and administrative decisions. All trustees and elders are expected to take courses about their roles and also training with regard to safeguarding. Organisational Structure Originally a Congregalional Church many years ago, all members of the church can vote on general matters but the Board of Trustees are responsible for making decisions on all matters of general concern and Importan to the church including deciding on how the funds of the church are to be spent Indendent Examiner Details of the Independent Examiner are shown on page 3. Approved by the trustees on 10 February 2022 and Sbgned on their behalf by: ANTHONY CROSS Trustee
Whyteleafe Free Church Charity Number.. 1188003 (A Charitable Incorporated Oryanisationl Statement of the responsibilities of the trustees for the year ended 31 December 2022 STATEMENT OF THE RESPONSIBILITIES OF THE TRUSTEES The trustees are responsible for preparing the financial statements in accordance with applicable law and Uniled Kingdom Generally A¢pted Accounting Practice The trustees are required by law to prepare financial statements for each financial period which give a Irue and fair view of the chanty's incoming resources and application of resources, including income and expenditure for the financial year and of the stale of affairs of the charitable company at the end of that penod. In preparing those financial ststements the trustees should follow best practice and-. Select suitable accounting policies and apply them consistently-, b. Observe the methods arKI principles in the Charities SORP", . Make judgments and estimates that are reasonable and prudent; d. Prepare the financial statements on a going concem basis unless it is inappropriate to assume that the Gharrty will continue on that basis. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 1985. They are also responsible for safeguarding the assets of the charty and hen for taking reasonable steps for the prevention and detection of fraud and other irwularrties. STATEMENT AS TO REGARD TO GUIDANCE FROM THE CHARITY COMMISSION The trustees have complied with the duty in section 4 of the Charities Act 2006 to have due regard to guidance issued by The Charity Commission for England and Wales in pursuance of its public benefit objective. P*JÈ 8
Whyteleafe Free Church Charity Number.. 1188003 IA Charitable Incorporated Oryanisation) Report of the Independent Examiner to the trustees of Whyteleafe Free Church I report to the charity trustees on my examination of the accounts of the Charilable Incorporaled Organisation (CIO) for the year ended 31 December 2022 which are set out on pages 10 10 24. Responsibilities and basis of report As the charty's trustees of the Company {and also rts directors for the purposes of company law) you are responsible for the preparation of the accounts in accordan wrth the requirements of the Companies Act 2006 {'the 2006 Act,). Having satisfied myself that the accounts of the Company are nol required to be audited this year under Part 16 of the 2006 Acl and are eligible for independent examination, I report in respect of my examination of your charity's accounts as camed out under section 145 of the Charities Act 2011 ('the 2011 Act'l. In carying out my examination I have followed the Directions given by the Charity Commission under section 14515)(b) of the 2011 Act. Independent ExamineVs statement I have completed my examination. I confinn that no material matters have come to my attention in connection with the examinalion giving me cause to believe that-. 1 } accounting records were nol kept in respect of the Company as required by section 386 of the 2006 Act., or 2} the accounts do not accord with those records", or 3) Ihe accounts do not comply wrth the applicable requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view conceming the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination.. or 41 the accounts have not been ppared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charrties applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connertion with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ISOBEL CURRIE FCA Currie Accountancy Ltd Top Floor 13a High Street Edenbridge Kent TN8 SAB Date.. P•Je 9
Whyteleafe Free Church Chority number.. 1188003 IA Charitable Incorporated Organisationl Section A Statement of financial artivities for the year ended 31 Decernber 2022 Restricted income funds Unrestrirted funds Endowment funds Totsl funds 2021 Incoming resources (Note 3) Income and endowments from: Donatlons and legacies Charitable activities Interest income Investments Ipropertiesl Gain on long term loan Other rotal 36.442 150 36,592 36,184 202 179 15,020 179 15,020 15,651 258,064 51,641 150 51,791 310.101 Resources ejtpended {Note 6) Expenditure on: Raising funds Charitable activities Gift to former pastor Support costs rotul 5.518 3.373 5.518 8.393 5,066 8,825 2,225 12,249 28.365 5.020 25.676 25.676 39.587 S0. Net income/expenditure before investment gains/llossesl Net gainslllossesl on investments (Note 171 Net Incomelexpenditure Extraordinary items Transfers between funds Other recognised gains/{1055es) Gains/llossesl on revaluation of fixed assets for the charity's own use Other gains/llossesl Net movement infvnds 17.074 150.787 14 12.204 150.787 .281,736:, 155,170) 167.861 14m 162.991 * 226,566 15,4661 5,466 162.395 162,991 226,566 Reconciliation ofAunds.' Total fund5 brought forward Totolfunds carriedfvrword 907,488 1069,883 31.330 3L926 938.818 LIOI.809 712,252 938.818 Paee 10
Whyteleafe Free Church Chority number.. 1188LXJ3 IA Charbtable Incorporated Oryanlsationl Se¢tion B Balan¢e sheet as at 31 December 2022 Unrtstrirted incorne funds fvnds Capital Total this vear 2021 Fixed assets Intèngible assets Tangible assets Heritage a55ets Investment asset5 Totolfixed ossets 15 14 16 17 290,OLX) 735,OC 735,IXYJ 1,025.(KXJ 552,OSI 842,061 Current assets Stocks Debtors Debtors due after more than one year Cash at bank Totolcurrentossets 18 19 12335 IU35 6,220 24 37.424 33,926 33926 71.350. 84.185 94,772 IL17.992 Creditors: amounts falling due within one year 20 5.376 73761 4,235 Net current 055ets/fiiobilitles) Total assets le55 liobilities 31.926 i.i0iW9 938.818 Creditor5: amounts fallin8 due after one year Pro¥islons lor liabilities Total net assets or lialitIeS 20 ol LIOL&)9' ' 93¢818 Funds of the Charfty Endowment funds Restricted income funds Unrestricted funds Totalfunds 27 27 27 31.926 31.926 I.9,383 LIOII(Y3 31,330 s¥7.488 938.818 1,069,883 Ll69J83 Signed on behalf of the trustees CROSS 10.2.23 P4e li
Whyteleafe Free Church Chority number.. 1188003 IA Charitable Incorporated Organisatlon) Section C Notes to the flnanclal statements for the year ended 31 December 2022 Note I Basi5 of preparation 1.1 Basis of accounting These financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2014 and with the Charties Act 2011. The charity constitutes a public benefit entity as defined by FRS 102. 1.2 Going concern There are no material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern. 1.3 Change of accounting policy The financial statements present a true and fair view and the accounting policies adopted are those outlined in Note 2. 1.4 Changes to accounting estimates No changes to accounting estimates have occurred in the reporting period. 1.5 Materlal prlor year errors There are no material prior year errors. Note 2 Accounting policies 2.1 Reconciliation with previous generally accepted atcountlng prartice There are no material prior year errors. Page 12
Whyteleafe Free Church Chority number.. 1188003 {A Charitable Incorporated Organisation) Section C Notes to the financial statements (continued) for the year ended 31 December 2022 Note 2 Accounting policies Icontinuedl 2.2 Income Reco8nition of incorne These are Includ in the Statement of Financial Activities ISOFAI when - the charity becomes entrtled to the resources: It is more likely than not thai the trvstee5 will recèive the fesources- and - the monetary value can be measured with sufficient reliability. Offsetting There ha5 been no offsetttn8 of a55ets and liabilities. or income and expenses. unless required or permitted by FOR 102 SORP. Gr3nts and donations Grants and donations are only included in the SOFA when the Beneral income criteria are met 15.10 to 5.12 FRS 102 SORPI. There are no perforrnance related grants receivable. Legacies Legacies are only induded in the SOFA when receipt is probable, that is, when there has been grant of probate. the executor5 have established that there are sufficient funds in the esiate and any conditions attached to the le8acy are either within the control of the charity or have been met. Government grants The charity receives no govemment 8rant& Tax reclaims on donations and glfts Gift aid is receivabbe in income when thefe is a valid dedaration from the donor. Any Gift Aid amount recovered on a donation is consmlefed to part of that gift and is treated as an addition to the same fund as the inilial donaiion unless the donor or the terms of the appeal have specified othepwise. Contrartual incorne and performance-related grants This is only included in the SOFA once the charrty has provided the related goods or services or met the performance related condttions. Donated goods Donated goods are measured at fair value lthe amotsnt for which the asset could be exchanged) unle55 ifflpr3ttical to do so. There have been no goods donated for distribution to beneficiaries nor any donated goods for resale. Goods donated for on-80in8 Use by the charity are recognise(l a5 lan8ible fixed assèts and intluded in the SOFA as incoming resources when receivable. Gifts in kind for use by the charity are included in the SOFA ès income from donations when re1¥able. Donated services and facilities Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift Can measured reliably. Donated semces and facilities that are consumÈd immediately are recognised as income with an equivalent amount reco8nised as an expense under the apwopriate headin8 in the SOFA. P4e 13
Whyteleafe Free Church Chority number.. 1188003 (A Charitable Incorporated OTganis*ion) Section C Notes to the financial statements (contlnuedl for the year ended 31 December 2022 Note 2 Accountin8 pollcies {continued) 2.2 Income {continued) Volunteer help The walue of any voluntary help TE¥ed 15 not included in these accounts but is described in the tru5tees' report. Income from interest. royalties and dividends This is included in the accounts when receipt is probable and the amount receivable can be measured reliably. Income frorn membership subscriptions There are no membership subscriptions. Settlement of insurance claims Insurance claim5 are onty induded in ihe SOFA when the general incorne recognition criteria are met15.10 to 5.12 FR5102 SORPI and are induded as an item of other income in the SOFA. 2.3 Expenditu and liabilities Liability recognition liabililie5 are recognised where it is more likety than not that there is a legal or constructive obligalion committinÉ the charity to pay out re50urce5 and the amount of the obligation can be rnea5ured with reasonable certainty. Governance and support costs Support costs have been allocated between governan costs and other support. Governance costs comprise all costs invo1ng public accountability of the charity and its compliance with regulation and good practice. Support costs include central funttions and have been allocated to activity Cost categories on a basis consistent with the use of resources. Grants with performance conditions No grants are given wtth perf0rrnan cOnditnS. Grants payable without performance conditions Where there are no conditions attaching to the grant that enables the donor chaflty to realislically avoid the commitment. a liability for the full funding operation must be reco@nised. Redundancy costs The charity made no redundancy payments during the reporting period. Deferred income Deferred income is shown in note 20. Credltors The charity has ueditors which are mea5ure(l at settlement amounts less any trade di5¢0unts. Page 14
Whyteleafe Free Church Chority number.. 1188003 IA Charitable Incorporated Organisationl Sertion C Notes to the financial statements (continued) for the year ended 310ecember 2022 Note 2 Accounting policies {continued) 2.3 Expenditure Itontinuedl Pro¥lslons for liabilitie5 A liability 15 rneasured on reco8nition at its historical tost and then subsequently measured at ihe best estimate of the amount required to settle the obligation at the reporting date. Basic financial instrurnents The tharity accounts for basic financial instruments on init131 recognition as per paragraph 11.7 FRS102 SORP. Subsequent measurement is as per par3graph5 11.17 to 11.19 FAS102 SORP. 2.4 Assets Tangible fixed assets for use by the charlty These are capitalrsed if they can be used for more than one year, and cost at least £l.OCKI. They are valued at cost le55 depreciaiion other than land. which is not depreciated. Depreciation is provided over the estimated useful life of the asset so as to write it down to residual value. Residual value is the estimated amount that would currently be obtained from the disposal of the asset, after deducting the estimated costs of di5P05al. if the asset were aladY of the age and the condition expected at the end of its useful life. Intan8ible fixed assets The charity has no inlanwtrAe fixed assets. Heritage assets The charity has no hefita8e assets. Investments The charity ha5 investment properties which are shown at most recent valuation. Any aggregate surplus OT deficit arising from changes in fair value is recognised in the Statement of Financial Activilies. Stocks and work in progress The charity does not hold any stock or work in progress for sale. Debtors Debtors indvdin8trade debtors lindudin8 trade debtors and loans receivable) are measured at sethement amount after any trade discounts or amount advafi by the charity. Subsequently. they are measured at the Cash or other consideratbon expected to be received. Current asset investrnents The charity has no eurfent asset investments. There are no polioes adopted additi¢)nal to or different fvom those above. Page IS
Whyteleafe Free Church Charity number.. 1188003 (A Charitable Incorporated OrganilOn) Sèction C Notes to the finaneial statements Icontinued) for the year ended 31 December 2022 Analysis of Income Note 3 unrestri Rertrirted End<)wment funds funds Total funds 2021 Donatlons and legacles: Donation5 and eifts Gift Aid and legacies General grants Pfovided by governmenv other charities Membership substriptions and sponsorships which are in substance donations Donated 8oods, facilities and services Other Totul 30.167 6.275 120 30 30.287 6.305 31.129 5,055 36A42 36592 36.184 Charltable actl¥Stles: Other Totol 202 202 Other iradlng a¢tl¥ltles: Other Totol Income from investmems: Interest income Dividend income Rental and leasing income Other Total 179 179 15,020 15,020 15,650 15,6SI 5ep•rate material item of Income: Return on lon8 term loan Sèe note 28 'Transactions with rdated parties. Totgl 258.064 Other income: Conversion of endowment funds into income Gain tsn disposal of a tangible fixed asset held for charity's own use Gain on disposal of a programme related investment Royalties from the exploitation of intellectual property rights other rotal TOTAL INCOME 5L641 Page 16 51.791 310.101
Whyteleafe Free Church Chority number.. 1188003 IA Charitable Incorporated Organisation) Section C Notes to the financial statements (continued) for the year ended 31 December 2022 Note 4 Analysis of receipts of government grants No government grants are receivable. Note 5 Donated goods, facilities and service5 No donated goods. facilities and service5 were werved in the reporting period. Note 6 Analy515 of expenditure The charity doe5 not attempt to fund raise but relie5 on donations from members of the church, legacies. bank interest and rent from prOpertS including hire charge5 for its hall. Restricted income nds Unrestrirted funds Endowment funds Total lunds 2021 Expendlture on raising funds: Expenditure on rental properties 5.518 5,518 5,066 Totol 5.518 5.518 5,066 Expenditure on charitable artivities: Pastor Preaching Evangelism Sunday school and youth work Consultancy fee Other pastoral expenses Grants Donations Totul 1,520 1,520 1,280 83 373 1251 505 373 1251 505 5.520 500 8,393 107 825 225 5,315 990 8,825 5,518 (note 131 4,520 5(M) 5.020 3.373 Separate material items of e¥pense Gift to former pastor Other rotul 2,225 2,225 Support costs Administraliorb Fabric Other Totol 9,823 15,853 9.823 15,853 6, 796 5,453 25.676 25,676 12.249 TOTAL EXPENDITURE 34.567 5,020 39.587 28.365 Pa8e 17
Whyteleafe Free Church Chority number.. 1188(X)3 IA Charitable Incorporated Organis*ion) Section C Notes to the financial statements Icontinuedl for the year ended 31 Decernber 2021 Note 7 Extraordinary items During 2021. £25.000 was transferred into the Refurbishment Fund on the acquisition of 216 Croydon Road Note 8 Funds received as agent No such funds we¥e received. Note 9 Support costs The charity only has one activity so there is no requirement to apportion support costs. Note 10 Details of certain Items of expenditure 10.1 Governance costs included In support Costs 2021 Independent examiner's fees Costs for conversion to CIO paid from designated fund Consultancy fee included in pastoral expenses Total governance costs Assurance services other than independent examination Tax advisory fees Other fees paid to the independent examiner 600 565 2,396 825 3, 786 1251 575 370 Note 11 Pald employees There were no paid employees duringthe year. Note 12 Pension schemes There were no amounts paid to any defined pension or benefit schemes during the year. Note 13 Grantmaking 2021 Grants from the Mission Fund made during the year- Agape Ministries International Needs International Needs W J Page.. Mission in Malawi Mission Aviation Fellowship Release International Jainager Trust Albert Oluwaseyi Support costs Support costs Work in Egypt Support costs Work in Australia Support for Imtiaz Gorakphur Nurseries Work In Nigeria 1,020 1,500 400 1,020 1,500 539 100 539 539 539 539 5.315 400 400 400 400 4,520 Grants from the General Fund made during the year= International Needs Work in Sri Lanka 1,000 18
Whyteleafe Free Church Charity number.. 1188003 IA Charitable Incorporated Organisatlon) Section C Notes to the flnanclal statements (continued) for the year ended 31 December 2022 Note 14 Tangible Fixed Assets Plant. Machinery and motor vehicles Other land and buildings Fixtures, fittings and equipment Freehold land and building5 Total 14.1 Cost or valuation At beginning of the year Additions Disposa15 Transfers At end of the year 290.(M]) 290.1))) 29),ClY) 290.(KK) 14.2 Depreciation and impairments At beginning of the year Disp05a15 Depreciation mpairment Transfers At end of the year 14.3 Net book value Net book value at the beginning of the yeor 290.(m 290,LK Net book value at the end of the year 2.(N) 290,000 14.4 Impairrnent There has been no impairment during the year. 14.5 Revaluation All freehold properties were brought in from Whyteleafe United Free Church on Ilth January 2021. Cost is taken to be the value assigned to the assets on that transfer. Properties held purely for rental irTrcome are shown as Investment Assets Inote 171. 14.6 Other disclosures There are none. Page 19
Whyteleafe Free Church Charity number.. 1188003 IA Charitable Incorpoed Organi5ationl Section C Notes to the statements Icontlnuedl for the year ended 31 Decernber 2022 Note 15 Intanglble assets The charity hold5 no intsngible assets. Note 16 Heritage assets The charity holds no heritsge a55ets. Note 17 Investment assets- rental properties Thls year 2021 At valuation At beginning of the year Additions at cost Disposals Revaluation At end of the year 552.061 32.152 290,0 317,231 150.787 735.IXM) 155,1701 552,061 There are two properties held for rental one of which is wholly owned. The Property purchased in 2021 is 70% owned and was purchased from the pastor on his retirement (see related parties transaction5 note). Note 18 Stocks The charity hold5 no matèrial stocks or donated goods for distribution or resale. Note 19 Debtors and prepayments 19.1 Analysls of debtOf5 This year 2021 Gift aid Prepayments and accrued income Other debtors 11.158 1.677 4,853 867 500 I235 6,220 19.2 Debtors recoverable In more thaD l year There are no debtors recoverable in rn0 than l year.
Whyteleafe Free Church Charity number.. 1188003 IA Charltable Incory>orated Organisatlonl Sectlon C Notes to the financial ststements Icontinuedl for thè year ended 31 December 2022 Note 20 Credltors and accruals Arnounts within one Amounts tsllin8 due aftèr more than one year This year 20.1 Analy5És of trtditors This year 2021 2021 Accruals for grants payable Bank loans and overdrafts Trade creditors Payments received on account for contracts or performance-relaied grants Accruals and deferred income Taxation and social security Other creditors 2.695 5.376 20.2 Deferred Income linduded abo¥e) Thls ¥ear 2021 A deposit of £342 is held in respect of hall hire starting in a future year. A deposit of £5 is held in repert of h(Jll hire storting in ofvture yeor. Oeferred Income account year Balance at start of reporting period Amounts added in current perM)d Amounts released to income from previou5 periods Balance at the end of the reporting period 3 342 13001 Note 21 Provisions for Ilabllltles and charges There are no recognised provision5 and fvndin8 commitments that have been made. Page21
Whyteleafe Free Church Charity number.. 1188ryJ3 IA Charitable In¢orporated Organisaiionl Section C Notes to the financial statements (continued) for the year ended 31 December 2022 Note 22 Other disclosure5 for debt¢ys, creditors or other basic financial instruments There are none. Note 23 Contingent Ilabilities and contingent assets There are none. Note 24 Cash at bankand in hand This year 2021 Short tern7 cash investment5 Iless than 3 months maturity datel Short term deposit5 Cash in bank and in hand Other Total 28.643 42,707 94.772 71.350 94,772 Note 25 Fair Value of assets and liabiliknes This year: All asset5 and liabilrfcies are shown as fair value. The two investment properties are held at a professional valuatbon and the property held for the chartty's own use is included at the value assigned to it on transfer from the predecessor trust. Enhancements took place in 2022. Thereafter it Is intended that each property will professional valued every few years (maximum every 5 yearsl. The trustees agree that all as5et5, including net current assets, are stated at a fair value and will not diminish when professionally valued. Last year: All assets and liabilities are shown as fair value. The two investment properties are held at trustees. valuation and the property held for the charity's own use is included at the valLbe assigned to it on transfer from the predecessor trust. Note 26 Events after the end of the reporting period No events have occurred since the end of the reporting period but before the ccounts are authorised which relate to conditions that arose after the end of the reporting year.
Whyteleafe Free Church Charity number.. 1188003 IA Charitable In¢(wated laSatl 5ertion C Notes to the financi31 statements Icontinuedl for the year ended 31 December 2022 Note 27 Charity Funds 27.1 Detsils of material funds held and Moveme during the cuRREP reporting perfod Fund Fund Balance5 8alance5 Purpose and ht In¥e5tment arried Type Restrlrtbons foard Incomp EwthturÈ 8ainsll1055e51 Transfer5 forward Fund Name General Governance Bible Mlsslon Local Needs Refurbishment UR SOFA cio S.317 2.171 51.641 134.5671 150.787 13.2951 l.W.883 12.171) New Bibles Missions Local Needs 89 iyj 14.S201 Is) 4.373 1.093 2,597 28.643 938A18 5Lnl UR= Unrestricted: R= Rstrirted: O= I)egnated lunrtstrirtedl 3.19Q 28,643 1.101.809 P958 27.2 Details of matérial funds held ard movements during the PREVIOUS reporting period Futr)d Oalan Purpose and bw Investment arried Type Restrictions ftyward Income ExwltUre ¥•inslllossesl Trnnsfers forward Fund Fund 14ame General Govemance 8ible Mission Local Needs Refurbishment UR SOFA 701,337 4.566 89 245 2.372 3,643 712252 310,101 Ull= UN$tCted. R= Restricted; D- Desi$rHted lurKestrictedl 3(fJ.091 119,6651 12.3951 155.1701 130.2761
)5.317 2,171 cio New 8ible5 Missions Local Needs 8SO 160 15.3151 4.221 1,055 25,000 2,597 28.643 938.818 {283651 155.1701 27.3 Transfers between funds This year Between unrestricted and restricted fund5-. Mission Fund £4.373 being 12% of donated income. approved by the trustees Local Need5 Fund £1.093 being 3% of donate(l income. approved by the trustees Last year Mission Fund £4.221 being 12% of donated income. approved by the trustees Local Need5 Fund £1.055 being 3% of donated income, approved by the twstee5 Refurbishment £25.000 being part of the proceeds of the realisation of the long term loan crystsllising on the disposal of the *omier pastor'5 property. as designated by the twstees 27.4 Designated funds This year The CIO has now been fvlly set up and the tru5tee5 have authorised the transfer of the Governantè Fund of £2,171 back to the General Fund. Last year Governance fund £2.171 for set up of CIO, appfoved by the trustees. PaÉt 23
Whyteleafe Free Church Charity number". I1883 IA Charitable Intorporated Organi5ationl Section C Notes to the financial ststernents {continuedl for the year ended 31 December 2022 Note 28 Transactions with trustees and related parties 28.1 Trustee remuneration and benefits Thls year None of the trustees were paid any remuneration or received any other benefits from an employment with their charity- Last year None of the trustees were paid any remuneration or received any other benefits from an employment with their charity- 28.2 Trustee5' expenses This year No trustee expenses have been incurred. Last year No trustee expenses have been incurred. 28.3 Transartlons with related parties This year There have been no related party transactions other than the transaction noted above in transactions with trustee5. Last year During the year the Church purchased 70% of a property belonging to two former trustees of the predecessor trust, United Free Church, Whyteleafe, at an independent valuation. The predecessor trust had given an interest free loan to the two former trustees which was secured on the property and was repayable in the amount of 76.05% of the sale proceeds should the property be sold. The Church paid the former pastor's legal fees of £1,014 and paid an additional £2.225 to complete the sale. Note 29 Additional disclosures There are no other significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. Pa8e 24