Charity number.. 1188003 WHYTELEAFE FREE CHURCH (A Charitable Incorporated Organisation) Financial Statements and Report of the Trustees (both indgP9ndgntly examinodl for the year ended 31 December 2023 Page 1
Whyteleafe Free Church Charity Number.. 1188003 IA Charftable Incorporated OrganisatFonl Index to the Financial Statements for the year ènded 310ecember 2023 Page Index lo the financial statements Charity inft>rmation Report of the trustees Slalemenl of the responsibilities of the trustees Report of the indopènd6nt examiner 10 Statement of financial activities Balan sheet 12 Notes to the financial statements 13-25 Page 2
Whyteleafe Free Church Charity Number." l 188003 IA Charitable Incorporated Organlsatlonl Charity information for the year ended 31 December 2023 Whyteleafe Free Church is a Charitable Incorporated Organisation ICIOI and a regist8r8d charity govemed by its Consiitulion datgd 19 September 2019. The CIO was registered on 17 February 2020 and cornmeneed operations on 1 January 2021. It succeeds United Free Church. Whyteleafe, Surrey (Funds held in connection therewith) (Charity Number 2342181. For disclosure purposes this succession was treated as a reconstruction of the fft charities under the Chariiies SORP IFRS 1021 using the principles of merger accounting. Charlty namè- Whyteleafe Free Church Other operating names: No othor names Charlty regtstration number.. 1188003 Règlstered offi¢8= 157a Godstone Road Whyteleafe Surrey CR3 OEH Operatlons addrg3$'. 1579 Godstone Road Whyteleafe Surrey CR3 OEH Trustees who hgld offlce durlng the year.. Anthony Cmss- Chair Beverly Kay Gall8t -Appointed on 23.07.2023 Thisari Tennakoon Loma Webb George Sew811 resignèd 23 July 2023 Chalr.. Anthony Cross Tr•asurer'. Sam Wij9singhe IACMA CGMAI Independent Examin•r= Isobel Currie FCA Currie Accountancy Ltd Top Floor 133 High Street Edènbridge Kènt TN8 5A8 Bankgrs= Lloyds Bank PLC Bull8r Pla Branch Chelmsford Lagg Street OSC 1 Legg Street Chelmsford Essex CM1 1JS Page 3
Whyteleafe Free Church Charity Number.. 1188003 IA Charitable In¢orporat•d Organlsatlonl Report of the trustees for the year ended 31 December 2023 The truslees of Whyteleafe Ffee Church present their report together with the financial statements for the year ended 31 December 2023. Whyteleafe Free Church IWFC} Commenced operations as a Charitable Incorporated Organisalion (CIO) on 1 January 2021. The CIO took over all the liabilities and reserves of United Free Church IWUFCI, Whyteleafe, Surrey (Funds held in connection therewith), Registered Charity 234218. The CIO is a legal entity and can enter into contracts in its own right. It holds property in its own name and as a separate legal entity, the members and trustees will normally be protected from becoming personally liable for any liabilities incurred by th6 CIO. The financial statements have been prepared in accordan with the accounting policies set out in notes lo the accounts and comply with the charity's governing document, the Charities Acl 2011 and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities 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 treated as a Merger under S27.13 of FRS102. The Legal and Administration on page 3 forms part of this report. Objectives and Activities The fomial object of the CIO is the advancement of the Christian Faith for the public benefit. We are a friendly, multicultural evangelical church in Whyieleafe, Surrey. Our vision is to share the good news of Jesus Christ with our communily, in word or deed. as we have opportunity. This flows out of our vision statement lo 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 lo general guidance published by the Charity Commission relating to public benefit. The ServIS and pastoral meelings organised by the Church are disclosed below. Achievements and Performance Worship and Prayer There are weekly setvices and teaching for all ages, with crèche, children's and youth work. A "You Tube" link enables those who find it difficult, or who are unable lo come to the building. to watch the service 'live" The sermon is also recorded and available to listen lo later. Rotas covering preaching. leading and technical support have enabled the services to be successful. There are alsa rotas for leading the children's and youth work and for the welcome lo folk arriving and for prowding coffee for the fellowship after the main service. Some different 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, informally and formally. are a vital part of our lifo together. There is a weekly church prayer rneeting but much more is done infomially. Page 4
Whyteleafe Free Church Charity Number.. 1188003 IA Charltable Incorporated Organisationl Report of the trustees (continued) for the year ended 31 December 2023 We have a wide reach in our links with several mission partners working in other countries, supporting them in prayer and connecting with them via Zoom, emails and occasional visits. This broadens the outlook of the church and provides opportunity for giving financially. Chas Wood was inviled to lead two separate day sessions of prayer over divine healing. In addilion, 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 once a month. This draws in others from different churches across Surrey too. Our church is wonderfully ecumenical, and embracing other cultures and finding out about them is always important. Occasional extra activities, such as meals together, international food evenings and have been enjoyable events. Part of the vision of WFC is lo reach out to the community and encourage more use of the church buildings. The church hall was let aut for the whole of 2023 to a local guidelbrownielrainbow group regularly. This arrangement is likely to continue in 2024. 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 inlo 2024 and beyond is to see growth and maturity in people's walks of faith, with people taking responsibility according to their gifting, impacting the local community and beyond as we have the ability. We also hope lo have more home groups and reach more young people. Fabric of Church and Hall The Church has an up to dale sound and vision system together with a large wall-moijnted 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 church and surplus built up over last two years. Substantial remedial work to the drairis carried out in eady part of the year. The trustees are grateful for the help of members and attendees who us8 Iheir skills to maintain the site. When required professional workers are employed. Pastoral Care The Church invited Alan Murphy, a pastor of many years, experience to assist the elders with effect from 1st September 2023.Alan is due to work approximately 14 hours a week for the following six months. Pari of the vision of the church is to strengthen people's faith and bring them lo maturity. Weekly or fortnighlly groups meeting in homes, on the church premises and on Zoom enable greater depth of friendships to form and to provide support for individuals as required. There are six such small groups meeling on various days throughout the week. The groups and their leaders are as follows: Page 5
Whyteleafe Free Church Charity Number.. 1188003 IA charitablè Incorporated Organlsatlonl Report of the trustees (continued) for the year ended 31 December 2023 Wednesday morning.. Men's group led by Richard Butts (elder) Wednesday morning.. Mum's bible study led by Juliet Kilpatrick (elderlwednesday evening: online mixed group of all ages led by Ros Morris, wife of Danny Morris lelderl Wednesdays evenings (alternate) .' Gideon's Army led by Alan Murphy Thursday evening.. Online group led by Thisari Tennakoon (elder and trustee) Thursday evening.. Men's group led by George Sewell (Ex Trustee) Friday morning: Ladies group led by Gerrie Attwell (long standing member) Mission and Evangelism Youth meet on every Sunday to learn the bible with two teachers. As 8 result, on Sunday the 27 August 2023, 6 young people from WFC Èook their baptism in the sea at Littlehampton. We have introduced "Living Waters" on every second Saturday of the month from 2pm to 5pm led by Thisari. Start al 2pm with a Prayer al the building. 2.30pm-3.30pm Prayer walk, 3.30pm-4.00pm sharing time, 4pm-5pm listening to testimony whilst having refreshments. This will conclude with prayers for the people they meet on the streel. Youth Group led by Alan Murphy and Ros started in September 2023 in view of attracting youngsters to the Church. They meet an every Friday night. An Alpha course started on Wednesday afternoons in September 2023. This was run by Juliet Kilpatrick (elder}. Helping those in need is a demonstration of our faith, the trustees a11ocale 150/0 of donated income, 12°/o to the Mission Fund and 30/0 to the Local Needs Fund. Grants from the Mission Fund for the year are detailed in Note 13. The Church website www.wh eleafefreechurch.or .uk and YouTube have up to dale information about the church and its activities. These are updated frequently. Sermons, live worship and event details are published both for members and non-members consulting the sile. Ecumenical Relationships WFC also participates in Caterham Churches Together prayer meetings. These lake place every Wednesday morning between 8.30 am and 9.00 am. The venue changes each month, with Richard Butls being WFC'S main contact. Page
Whyteleafe Free Church Charity Number." 1188003 IA Charltable Incorporatèd Organisatlonl Report of the tTUStees (continued} for the year ended 31 December 2023 Financial Review Total receipts on unrestricted funds were £62,960 (2022.. £51,791) of which £27,925 (2022.. £15,020) was Income from investments, mostly from properties let out by the Church. HMRC has honoured all the gift aid claims made since the inception of WFC CIO. The cumulated figure received from HMRC was £9,895 which gave significant boost for Charities income for the year. Expenses which the Church has significantly overspent includes recruitment of Alan Murphy lo help day to day running of charitable activities as a result of a decision made by trustees during the year hence not budgeted.(Nole 6-Support cost £17,350 for 20231 Average spend on Alan was around £1,500 per month. Further, unexpected spending on plumbing and drainage work at the beginning of the year and inslallalion of a new sound system al the Church hall has resulted in spending over and above the budgeted figures1£13.682 for 20231 Total funds carried fotward now total £1,117,810 (2022.. £1,101,809), being Unrestricted £1,086,630 {2022.- £1,069,883), Restricted £31,708 (2022.- £31,926) as shown in Note 27. Structure, Governance and Management Strict budgetary control is exercised by the Trustees has resulted in the Income and Expenditure Account (Unrestricted Funds) shown in the Management Accounts brought in a surplus of £26.068 which was £1,148 over the budget. The Trustees consider this a satisfactory result for the year. Reserves policy 11 is the trustee's policy to maintain a balance on unreslricled funds {if possible), which equates lo at least six months, unrestricted payments, equivalent to about £21.786 (2022.. £20, 07 n. lo cover emergency situations that may arise from lime lo time. The balance of £61,102 held on unrestricted funds, excluding properties, at the year-end more than matched this target. For the year 2024, the Trustees view is lo target for a break-even budget as funds are needed to allocate for long oulslanding repairs for Ihe Church hall and for pastoral work done by Alan Murphy Governing document.- The governing document was drawn up by solicitors Anthony Collins Solicitors LLP and is dated 30 September 2020. The Charity operated from on 1 January 2021. Trustees.. 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 lo lead the spiritual side of the Church, services, meetings and ather events. Four Elders were commissioned on 12 September 2021.. Thisari Tennakoon (also trusleel, Juliet Kilpalrick {former Irusleel, Richard Bults {former Irusleel and Danny Morris (former Irusteel and continue to hold office. The trustees are responsible for making policy. business and administrative decisions. Page 7
Whyteleafe Free Church 1188003 Charity Number.. Stafrment of Ihe responsibilities ot the trustees for the year ended 31 Decemtser 2023 All trustees and elders are expected to lake courses ab(t their roles and also training w7th regard to safeguarding. Organisational Structure Oiiginalty a Congregational Chuich many years ago, member5 of the church can vote on general matters but the Board of Trustees are responsible for making decisions on all matters ot general concem and importance to the church including dectding on how the ftjnds of the church are to be spent Independent Examiner Details ol the Independent Examiner are shown on page 3. Approved by the tTUStees on 05" March 2024 and signed on thelr behall by: APITrIONY CROSS Trustee Whyteleafe Free Church Charity Number." 1188003 PaDÈ 8
Whyteleafe Free Church Charity Number.. 1188003 IA Charitable Incorporated Organisation statemant of the responsibilitiès of the trustees for the year èndèd 31 December 2023 STATEMENT OF THE RESPONSIBILITIES OF THE TRUSTEES The trustees are responsible for preparing the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. The trustees are required by law lo prepare financial slalements for each financial period which give a true and fair view of the charity s incoming resources and applicatlDn of resources, including income and expenditure for the financial year and of the slate of affairs of the charitable company al the end of that period. In preparing those financial statements the trustees should follow best practice and.. Select suitable accounting policies and apply them consistently.. b. Observe the methods and principles in the Charities SORP., Make judgments and estimates thal are reasonable and prudent- d. Prepare the financial statements on a going concem basis unless il is inappropriate lo assume that the charity will continue on that basis. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any lime the financial position of the charity and enable them lo ensure that the financial slalemenls comply with the Companies Act 1985. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. STATEMENT AS TO REGARD TO GUIDANCE FROM THE CHARITY COMMISSION The trustees have complied with the duly in section 4 of the Charilies Act 2006 to have due regard lo guidance issued by The Charity Commission for England and Wales in pursuance of ils public benefit objective. Page 9
Whyleleafe Free Church Charity Number.. 1188003 IA Charitable Incorporated Organisation) 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 Charitable Incorporated Organisation ICIOI for the year ended 31 December 2023 which are set out on pages 11 to 27. Responsibilities and basis of report As the charity's Iruslees of the Company land also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requiremen15 of the Companies Act 20061'lhe 2006 Act'> Having satisfied myself that the accounts of Ihe Company are not required lo be audrted this year urider Part 16 of the 2006 Act and are eligible for independent examination, I report in iespecl of my exarninalion of your charity's accounts as carried out under section 145 ol the Charities Act 2011 I'lhe 2011 Act'l. In carying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of the 2011 Act Independent Examiner's statement I have completed my examination. I confirm that no material matters have come lo my attention in connection with the examination giving me cause to believe that" 11 accounting records were not kept in respect of the Company as required by section 388 of the 2006 Act. or 21 the accounts do not accord with those records, or 31 the accounts do not comply with 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 fomi and conlenl of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 olhef than any requirement that the accounts give a 'true and fair view, which is not a maller considered as part of an independent exarninalion. or 41 the accounts have not been prepared in accordance with the methods 3nd principles of the Sialemenl ol Recommended Practice for accounting and reporting by charities applicable lo charities preparing their accounts in accordan with the Finan¢ial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 I have no concerns and have come across no other matters in connection with the examination lo which attention Should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. ISOBEL CURRIE FCA Currie Accounlsncy Lld Top Floor 13a High Street Edenbrid9e Kent TN8 SAB Dale". Page 10
Whyteleafe Free Church Charity number.. 1188003 IA Charitable Incorporated Organisationl Section A Statement of financial activities for the year ended 31 December 2023 Restricted income funds Unrestricted funds Endowment funds Total funds 2022 Incoming resources (Note 31 Income and endowments from: Donations and legacies Charitable activities 33,261 loo 1,674 27,925 36,592 Interest income Investments Ipropertiesl Other Totol 179 15,020 62,9 51,791 Resources expended {Note 61 Expenditure on.. Raising funds Charitable activities Support cost5 Total 7,421 3,106 31,032 5,518 8,393 25,676 5,400 31,0 Net incomelexpendlture before investment gainslllosses) Net gains/llossesl on investments 150,787 Net incomelexpenditure Extraordinary items Transfers between funds Other recognised gain511105ses) Gainslllossesl on revaluation of fixed assets for the charity's own use Other gains1110ssesl Net movement infunds IS,1821 5,182 162 991 Reconciliation offunds.. Total funds brought forward Totalfunds corriedfvrword 1,069,883 1,086,lQ2 31,926 34708 938,818 £1018g9, The detailed statement of financial activites for the previous year is included as note 30. Page 11
Charity number: 1188003
Whyteleafe Free Church ' m (A Charitable Incorporated Organisation)
Section B
Balance sheet as at 31 December 2023
| Restricted | |||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | income | Capital | Total this | ||||
| Note | funds |
funds | reserve | year | 2,022 | ||
| # | £ | £ | £ | £ | £ | ||
| Fixed assets | |||||||
| Intangible assets | 15 | 0 | 0 | 0 | 0 | 0 | |
| Tangible assets | 14 | 290,000 | 0 | 0 | 290,000 | 290,000 | |
| Heritage assets | 16 | 0 | 0 | 0 | 0 | 0 | |
| Investment assets Total fixed assets |
17 | 735,000 1,025,000 |
0 ol1 |
0 oJ |
735,000 1,025,000 |
735,000 1,025,000 |
|
| Current assets | |||||||
| Stocks | 18 | 0 | 0 | 0 | 0 | 0 | |
| Debtors | 19 | 6,545 | 0 | 0 | 6,545 | 12,835 | |
| Debtors due after more than | 19 | 0 | 0 | 0 | 0 | 0 | |
| one year | |||||||
| Cash at bank | 24 | 58,881 | 33,208 | 0 | 92,089 | 71,350 | |
| Total current assets | 65,426 | 33,208!I | 0 | 98,634 | 84,185 | ||
| Creditors: amounts falling | |||||||
| due within one year | 20 | 4,324 | 1,500 | 0 | 7,376 | ||
| Net current assets/(liabilities) | **61,102j ** | 31,7o8l! | olI | 92,810 |
76,809 | ||
| Total assets less liabilities | 1,086,102 | 31,7081I | 0' | 1,117,810 | 1,101,8091 | ||
| Creditors: amounts falling | |||||||
| due after one year | 20 | 0 | 0 | 0 | 0 | 0 | |
| Provisions for liabilities | 0 | 0 | 0 | 0 | 0 | ||
| Total net assets or liabilities | 1,086,102!1 | 31,7081 |
o] | 1,117,810 | 1,Wl,809 | ||
| Funds of the Charity | |||||||
| Endowment funds | 27 | 0 | 0 | 0 | 0 | 0 | |
| Restricted income funds | 27 | 0 | 31,708 | 0 | 31,708 | 31,926 | |
| Unrestricted funds Tota/funds |
27 | 1,086,102 1,086,102 |
31,708 | 0 oj |
1,086,102 1,117,810 |
1,069,883 _1,101,8091 _ |
|
| The detailed balance sheet for the | previous | year is included as | note 31. | ||||
| Signed on behalf of the trustees | Anthony Cross | ANTHONY CROSS |
I | TrusteeI | Approved 05.03.24 |
Page 12
Whyteleafe Free Church Chority number.. 1188003 (A Charitable Incorporated Organisation) Section C Notes to the financial statements for the year ended 31 December 2023 Note I Basis 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 constitute5 a public benefit entity a5 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 Chan8e 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 Material prior year errors There are no material prior year errors. Note 2 Accounting pollcies 2.1 Reconciliation with previous generally accepted accounting prartlce There are no relevant changes to generally accepted accounting practice. PaÈe 13
Whyteleafe Free Church IA Charitsble Incorporated Organi5ationl Chority number.. 1188003 Sectlon C Notes to the financlal statements {continuedl for the year ended 31 December 2023 Note 2 Accounting policles (continued) 2.2 Income Recognition of income These are included in the Statement of Financial Activities ISOFAI when the charity becornes entitled to the resources; It Is more likely than not that the trustees will receive the resource5,' and - the monetary value can be measured with Sufficient reliability. Offsetting There ha5 been no offsetting of assets and liabilities, or income and expenses. unle55 required or permitted by FOR 102 SORP. Grants and donations are only included in thé SOFA when the general income criteria are met 15.10 to 5.12 FRS 102 SORPI. There are no performance related grants receivable. Grants and donations Legacies Legacies are only included in the SOFA when receipt is probable, that is, when there has bèen grant of probate, the executor5 have established that there are sufficient funds in the estate and any tonditions attached to the legacy are either within the control of the charity or have been met. Government grants The charity receives no government grants. Tax reclaims on donations and gifts Gift aid is receivable in income when there is a valid declaration frorn the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unles5 the donor or the terms of the appeal have specified otherwise. Contractual income and performance-related grants This is only included in the SOFA once the charity has provided the related goods or services or met the performance related conditions. Donated goods Oonated goods arè measured at fair value Ithe amount for which the asset could be exchanged) unless impractical to do so. There have been no goods donated for distribution to beneficiaries nor any donated goods for resalè. Goods donated for Dn-8oing use by the charity are recognised as tangible f1xed assets and included in the SOFA as incoming resources when receivable. Gifts in kind for use by the charity are included in the SOFA as income from donations when rèceivable. Donated services ond 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 Bift can be measured reliably. Donated 5erviees and facilities that are consumed immediately are Tecognised a5 income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA. Page 14
Whyteleafe Free Church Cht7rity number.. 1188003 IA Charitsble Incorporated Organisationl Sertion C Notes to the financial statements (continued) for the year ended 31 December 2023 Note 2 Accounting policies Icontinuedl 2.2 Income (continued) Volunteer help The value of any voluntaiy help received is not included in these accounts but is described in the trustees, report. Income from interest, royalties and dividends Thi5 is included in the account5 when receipt 15 probable and the amount receivable can be measured reliablv. Income from membership subscription5 There are no membership subscriptions. Settlement of insurance claims Insurance claims are only included in the SOFA when the general income recognition criteria are (ret15.10 to 5.12 FRS102 SORPI and are included as èn item of other income in the SOFA. 2.3 Expenditure and liabilities Liability recognition Liabilities are recognised where it is more likely than not that there is a legal or con5tructivÈ obligation committing the charity to pay out resources and the amount of the obligation cari be measured with reasonable certaintv. Governance and support costs Support cost5 have been allocated between @overnance costs and other support. Governance cost5 comprise all c05t5 involving public accountability of the charity and its compliance with regulation and good practice. Support costs Include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources. Grants wlth performance conditions No grants are given with performance condition5. Grants payable without performance conditions Where there are no conditions attaching to the grant that enables the donor charity to rèalistically avoid the commitment. a liability for the full funding operation must be recognised. 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 creditors which are measured at settlement amounts less any trade discounts. Page IS
Whyteleafe Free Church Charity number.. 1188003 IA Charitable Incorporated Organisatlonl Section C Notes to the financial statements Icontinuedl for the year ended 310ecember 2023 Note 2 Accounting policies {continued) 2.3 Expenditure Icontinuedl Provlsions for liabilities A liability is measured on recognition at its historical cost and then subsequently measured t the best estimate of the amount required to settle the obligation at the reporting date. Basic financial Instruments The charity accounts for basic financial instruments on initial recognition as per paragraph 11.7 FRS102 SORP. Subsequent measurement Is as per paragraphs 11.17 to 11.19 FRS102 SORP. 2.4 Assets Tangible fixed assets for use by the charity These are capitèlised if they can be used for more than one year, and cost at least £l.000. They are valued at C05t less depreciation other than land, which is not depreciated. Depreciation 15 provided over the estimated useful life ol 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, alter deductin8 the e5tirnated costs of disposal, if the asset were already of the ège and in the condition expected at the end of its useful life. Intangible fixed assets The charity has no intangible fixed assets. Heritage assets The charity has no heritage assets. The charity has investment properties which are shown at most recent valuation. Any aggregate surplus or deficit arising from change5 in fair value is recognised in the Statement of Financial Activities. Investments Stock5 and work in progress The charity does not hold any 5totk or Work in progress for sale. Debtors including trade debtors lincluding trade debtor5 and loans receivable) are measured t settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other cofisideration expected to be received. Debtors Current asset investments The charity has no current asset investments. There are no policies adopted additional to or different from those above. Page 16
Whyteleafe Free Church Charity number.. 1188003 IA Charitable Incorporated Organisation) Section C Notes to the financial statements (continued} for the year ended 31 December 2023 Analysis of Income Note 3 Unrestrlcted funds Restricted income funds Endowment funds Total funds 2022 Donations and legaci+s: Donations and gifts Gift Aid and legacies General grant5 provided by governrnent/ other charities Membership subscriptions and sponsor5hip5 which are in substance donations Donated goods. facilities and services Other Totr41 34,524 11,2631 34,524 11,2631 30.287 6,305 36,59 Charitable activltles: Other Totol IOD loo loo Other trading actlvltles: other Total Income from Investments: Interest income Dividend income Rental and leasing income other Totttl 1.674 1,674 179 27,925 27,925 15,020 15,19 Separate matèrlal Item of Income.. Return on long term loan See note 28 'Transactions Wlth related parties, Totol Other income- Conversion of endowment funds into income Gain on disposal of a tangible fixed a5SÈt held for charity's own use Gain on disposal of a programme related investment Roy31ties from the exploitation of intellectual property rights Othèr Total TOTAL INCOME 62.960 Page 17 017 * 51,79 ts511 62,960
Whyteleafe Free Church Charity number.- 1188003 IA Charitable Incorporated Organi5atlonl Section C Notes to the financlal statements Icontinuedl for the year ended 31 De¢ember 2023 Note 4 Analysis of receipts of government grants No government grants are receivable. Note 5 Donated goods, facilities and services No donated goods, facilities and services were received in the reporting period. Note 6 Analysis of expendlture The charity does not attempt to fund raise but relies on donations from members of the church, legacies, bank interest and rent from properties including hire charge5 for its hall. Restricted Income funds Unrestricted lunds Endowment funds Total funds 2022 Expenditure on raising funds- Expenditure on rental properties 7,421 5,518 Total 7,42 7,421 5,51 Expenditure on Charitable a¢tl¥ities: Pastor Preaching Evangelism Sunday school and youth work Consultancy fee Other pastoral expenses Grants note 13 Donations Total 2,555 47 359 75 70 2,555 47 1,520 359 75 70 4,900 500 8.506 373 (25) 505 5,520 500 4.900 soo 5.400 3.10 Separate material items of expense Gift to former pastor Other Totol Support cost5 Administration Fabric Other Total 17,350 13,682 9.823 15,853 13,682 TOTAL EXPENDITURE 46,959 39.5871 Page 18
Whyteleafe Free Church Charity number.. 1188003 IA Charitable Incorporated Organlsatlonl Section C Notes to the financial statements Icontinued) torthe year ended 31 December 2023 Note 7 Extraordinary items There were no extraordinary items. Note 8 Funds received as agent No such funds were received. Note 9 Support C05t5 The charity only ha5 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 C05t5 2023 2022 Independent examiner's fees Consultancy fee included in pastoral expenses Total governance costs Assurante services other than independent examination Tax advi50ry fees Other fees paid to the independent examiner 660 75 735 600 (251 575 Note 11 Paid employee5 There were no paid employees during the year. Note 12 Pension schemes There were no amount5 paid to any defined pension or benefit schemes during the year. Note 13 Grantmaking 2023 2022 Grants from the Mission Fund made during the year- Agape Ministries International Needs International Needs Mission Aviation Fellowship Release International Jainager Trust Albert Oluwaseyi Ashley Trask Support cost5 Support cost5 Work in Egypt Work in Australia Support for Imtiaz Gorakphur Nurseries Work In Nigeria i.lso 1.500 300 300 1,020 1,5LIO 300 300 400 300 4,150 4.520 Grants from the General Fund made during the year.. International Need5 Work in Sri Lanka Grants from the Local Needs Fund made during the year.. T L Tangongana 750 PaÉe 19
Whyteleafe Free Church Charity number.. 1188003 {A Charitable Incorporated Organisation) Section C Notes to the financial statements (continued) for the year ended 31 December 2023 Note 14 Tangible Flxed Assets Plant, Machinery and motor vehicles Other land and buildings Fixtures. flttings and equlpment Freehold land and buildings Total 14.1 Cost or valuation At beginning of the year Additions Disposals Transfers At end of the year 290,000 14.2 Depreciation and impairments At beginning of the year Disposals Depreciation Impairment Transfers At end of the year 14.3 Net book value Net book volue at the beginning of the yeor 290,000 290,000 Net book value at the end of the year 290,000, 290.00 14.4 Impairment 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. C05t is taken to be the value assigned to the assets on that transfer. Properties held purely for rental income are shown as Investment Assets (note 171. 14.6 other disclosures There are none. Page 20
Whyteleafe Free Church Charity number.. 1188003 IA Charitable Incorporated Organlsatlonl Sectlon C Notes to the statements (continued) for the year ended 31 December 2023 Note 15 Intangible assets The charity holds no intangible assets. Note 16 Heritage assets The charity holds no heritage a55ets. Note 17 Investment assets- rental properties Thls year 2022 At valuation At beginning of the year Addition5 at cost Disposals Revaluation At end of the year 735,LX)O 552.061 32.152 150,787 There are two properties held for rental one of which is wholly owned. The property purchased in 2021 is 70% owned. Note 18 Stocks The charity holds no material stocks or donated goods for distribution or resale. Note 19 Debtors and prepayments 19.1 Analysis of debtors This year 2022 Gift aid Prepayments and accrued income Other debtors 5,458 1,087 11.158 1,677 19.2 Debtors recoverable in more than l year There are no debtors recoverable in more than l year. Page 21
Whyteleafe Free Church Charity number.. 1188003 IA Cha¥lt3ble Incorporated Or8ani5ationl Sectlon C Notes to the flnanclal statements lcontinuedl for the year ended 31 December 2023 Notè 20 Credltors and ac¢ruals Amounts due within onè Amounts falling due after rnore than one year Thi5 year 20.1 Analysis of creditors vear Thls year 2022 2022 Accruals for grants payable Bank loans and overdrafts Trade creditors Payments received on aCCOLJnt for contracts or performance-felated grants Accruals and deferred income Taxation and social security Other creditors 1,500 4,324 5.376 5.824:, 20.2 Deferred Income Iln¢luded above) Thi5 year 2022 A deposit of £33 15 held in respect of hall hire starting in a future year. A dep051t of £342 is held in repect of holl hire storting in ufuture yeor. Deferred income account Thi5 year 2022 Balance at start of reporting period Amounts added in curEent period Amounts released to income from previous periods Balance at the end of the reporting period 342 300 342 1300) 34 33 13421 Note 21 Provisions for liabilities and charges There are no recognised provisions and funding Commitments that have been made. Page 22
WhytelÈafe Free Church Charity number.. 1188003 IA Charltable Incorporated Organisationl Section C Notes to the financial statements Icontlnuedl for the year ended 31 December 2023 Note 22 Other disclosures for debtors, creditors or other basic financial instruments There are none. Note 23 Contingent liabilities and contingent assets There are none. Note 24 Cash at bank and in hand This year 2022 Short term deposits Cash in bank and in hand Other Total 81,896 10,193 28,643 42,707 Note 25 Falr value of assets and Ilabilities This year.. All assets and liabilities are shown as fair value. The two investment properties are held at a professional valuation and the property held for the charity'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 thèt each property will professionally valued every few years (maximum every 5 yearsl. The trLJStees agree that all assets, 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 propertie5 are held at trustees, valuation and tFie property held for the charity's own use is included at the value assigned to tt 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 accounts are authorised which relate to conditions that arose after the end of the reporting year. Page 23
Whyteleafe Free Church Charity number.. 1188003 IA Charitable Incorporated Organisationl Section C Notes to the financial statements Icontinuèdl for the year ended 31 December 2023 Note 27 Charity Fvnds Z7.1 Details of material funds held and movements during the CURRENT reportlng period FuThd Balances Purpose and broltght Restrictions forward Fund Balan carried lorwafd Investment galnslllossesl Fund Name Type Income Expenditure Tran5fer5 General Blble Misshon Local Needs Refurbishment UR SOFA New Bibles 1,069,883 89 62.960 141.5591 15,1821 1,086,10 Mi55ions Local Need5 14,ISOI 11,2501 4,146 1.036 3,190 28,643 1,101,80 UR= Unre5trirted,. R= Restrlcted.. D= Designated lunre5tri¢tedl 2,97 28,64 27.2 Detalls of material funds held and movements dur5ng the PREVIOUS reporting period Fund Balances Purpose and brought Restrictions forward Fund Balances carried forward Investment galnslllossesl Transfers Fund Name Type Income Expenditure General Governance Bible Misslon Local Needs Refurbishment R UR SOFA cio New Bibles Missions Local Needs 905.317 2.171 89 51.641 134,5671 150,787 13,2951 12,1711 Iso 14,5201 15001 4,373 1,093 2,597 28,643 938,81 UR= Unrestilcted: R= Re5trirted,. D- Designated lunrestrictedl 3,19 150,7a7 27.3 Transfers between funds This yèar Between unrestricted and restricted funds.. Mission Fund £4,146 being 12% of donated income. approved by the trustees Local Needs Fund £1,036 beinÈ 3% of donated income, approved by the trustees Last year Between unrestricted and restrirted funds.. Mi55ion Fund £4,373 being 12% of donatèd income, approved by the trustees Local Need5 Fund £1,093 being 3% of donated income, approved by the trustee5 27.4 Deslgnated funds This year None Last year The CIO having been fully set up. the balance on the Governance fund of £2,171 was transferred back to the General Fund. Page 24
Whyteleafe Free Church Charity number: 1188003 IA Charitable Incorporated Organisation) Section C Notes to the flnancial statements {continued) for the year ended 31 December 2023 Note 28 Transactions With trustees and related partie5 28.1 Trustee remuneration and benefits This 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 Trustees. expense5 This year No trustee expenses have been incurred. Last year No trustee expenses have been incurred. 28.3 Transactions with related parties This year There have been no related party transactions. Last year There have been no related party transaction5. Note 29 Additional disclosures There are no other significant matters which are not covered in other notes and need to be included to provide 3 proper understanding of the accounts. PagÈ 25