Welling Evangelical Free Church
Report and Accounts Year ended 30 September 2022
1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk
Welling Evangelical Free Church
LEGAL & ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
| ADDRESS FOR CORRESPONDENCE | ADDRESS FOR CORRESPONDENCE | Welling Evangelical Free Church |
|---|---|---|
| Upper Wickham Lane | ||
| Welling | ||
| DA16 3AQ | ||
| GOVERNING DOCUMENT | Constitution dated 25 April 2021 | |
| CHARITY REGISTRATION NUMBER | 1194415 | |
| TRUSTEES RESPONSIBLE | FOR | Tarl Benjamin Reeves (appointed April 2021) |
| MANAGING THE CHARITY | Justin Dallas Rhoades (appointed April 2021) | |
| Joshua Daniel Bell (appointed April 2021, resigned May 2023) | ||
| Richard Michael White (appointed May 2023) | ||
| Emmanuel Oluwatosin Akinyosoye (appointed May 2023) | ||
| Armand Michael Nejand (appointed May 2023) | ||
| INDEPENDENT EXAMINER | Sarah Crispin ACA | |
| Stewardship | ||
| 1 Lamb's Passage | ||
| LONDON | ||
| EC1Y 8AB | ||
| INDEX | ||
| Page 1 | Legal & Administrative Details | |
| Pages 2-3 | Trustees' Report | |
| Page 4 | Independent Examiner's Report | |
| Page 5 | Receipts | and Payments Account |
| Page 6 | Statement of Assets & Liabilities | |
| Pages 7-8 | Notes to the Accounts |
Page 1
Welling Evangelical Free Church
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 SEPTEMBER 2022
The Trustees have pleasure in submitting the Report and Accounts for the year ended 30 September 2022.
Objects of the charity
The charity, which is a church, is governed by a constitution and is constituted as a charitable incorporated organisation. The charity's principal objects, as set out in its governing document, are:
a) the advancement of the Christian faith in accordance with the Basis of Faith, primarily, but not exclusively, within Welling, Kent and the surrounding neighbourhood;
b) to put into practice the Christian faith in accordance with the Basis of Faith, including but not limited to: the prevention and relief of need, hardship and sickness; the advancement of education; and the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life;
provided that the advancement of such purposes must be undertaken in a manner that is consistent with the Doctrinal Distinctives and Ethical Statements as may be adopted and amended by the Church from time to time.
Summary of the charity's main activities and achievements
To further the above objects and vision, the charity's main activities and achievements were as follows:
a) the regular gathering for corporate worship of God
b) to practice of ordinances of the church, baptism and communion, as instituted by Jesus Christ
c) to accurately teach the Word of God, the Bible, to all generations
d) to share the Gospel, the good news of Jesus Christ, with all who desire to learn about Him
In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.
Financial review
During the year income increased by £49,027, to £86,274, and expenditure increased by £72,612, to £119,245. As a result the cash held by the charity decreased by £32,971, to £46,658, of which £46,358 is unrestricted and can be used for any charitable purpose.
Reserves policy
The trustees have determined that the charity should aim to hold unrestricted cash of no less than £30,000 (which equates to about 4 months' of unrestricted expenditure) so that the charity could continue to operate should income and / or expenditure vary adversely. At the year end, the charity held unrestricted cash of £46,358 and the charity is complying with its reserves policy.
Page 2
Governance
Responsibility for setting policy and for making operating decisions rest with the trustees who meet regularly to monitor the activities of the charity. Responsibility for the day to day operation of the charity has been delegated to church staff led by the church Eldership. New trustees are recruited and appointed by the existing trustees, by a majority vote.
Relationships with other charities and related parties
We are a part of the Fellowship of Independent Evangelical Churches(FIEC). The FIEC is a fellowship of Independent churches with members of the family across England, Scotland, and Wales. Its mission is to see those Independent churches working together with a big vision: to reach Britain for Christ.
Being part of FIEC links us to a growing number of Independent evangelical churches, and there are now more than 50,000 people who are part of churches affiliated with FIEC.
Risk statement
The charity is exposed to various risks - be they operational, financial or reputational. The trustees review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks.
Responsibilities of trustees
Charity law requires us as Trustees to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year.
We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011.
We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.
Approval
This report was approved by the trustees and signed on their behalf by:
J. Rhoades
………………………………………………………..
Justin Rhoades
Date: 07 July 2023
Page 3
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF
Welling Evangelical Free Church
I report to the trustees on my examination of the accounts of Welling Evangelical Free Church ('the charity') for the year ended 30 September 2022 on pages 5 to 8 following.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in accordance with section 130 of the 2011 Act; or 2. the accounts do not accord with the accounting records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
S. Crispin
Sarah Crispin ACA Stewardship 1 Lamb's Passage LONDON EC1Y 8AB
Date: 10 July 2023
Page 4
Welling Evangelical Free Church
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED 30 SEPTEMBER 2022
| Unrestricted | Funds | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| General | Designated | Restricted | |||||||||
| Funds | Funds | Funds | 2022 | 2021 | |||||||
| Notes | £ | £ | £ | £ | £ | ||||||
| Income receipts | |||||||||||
| Donations | 61,685 |
- |
24,590 | 86,274 | 37,247 | ||||||
| Total receipts | 61,685 | - | 24,590 | 86,274 | 37,247 | ||||||
| Payments | |||||||||||
| Payments in relation to activities undertaken directly |
charitable | 2 | 74,074 | - | 1,360 | 75,434 | 43,318 | ||||
| Grants paid in relation to activities undertaken by others |
charitable | 3 | 970 | - | 3,810 | 4,780 | 3,315 | ||||
| 75,044 | - | 5,170 | 80,214 | 46,633 | |||||||
| Purchase of fixed | assets | - | - | 39,031 | 39,031 |
- |
|||||
| - | - | 39,031 | 39,031 |
- |
|||||||
| Total payments | 75,044 | - | 44,201 | 119,245 | 46,633 | ||||||
| Net of receipts | / (payments) before | (13,359) | - | (19,612) | (32,971) | (9,386) | |||||
| Transfers between funds | 5 | (19,912) | - | 19,912 | - |
- |
|||||
| Net movement in funds | (33,271) |
- |
300 | (32,971) | (9,386) | ||||||
| Cash funds as | at | last year end | 79,629 | - | - | 79,629 |
89,015 |
||||
| Cash funds at | this year end | A | 46,358 | - | 300 | 46,658 | 79,629 |
The notes on pages 7 - 8 form part of these accounts.
Page 5
Welling Evangelical Free Church
STATEMENT OF ASSETS AND LIABILITIES
FOR THE YEAR ENDED 30 SEPTEMBER 2022
| Notes A Cash funds Cash at bank with immediate access B Other monetary assets Gift aid due to charity Rent paid in advance C Liabilities Falling due within one year Fee for Independent Examination D Assets retained for charity's own use Church Building Youth building Music and PA equipment Computers and IT |
General Designated funds funds £ £ 46,358 - 46,358 - 15,436 - 20,667 - 36,103 - 840 - 840 - Unrestricted Funds |
Restricted funds £ 300 300 - - - - - |
2022 £ 46,658 46,658 15,436 20,667 36,103 840 840 Cost £ - 39,000 25,900 3,900 68,800 |
2021 £ |
|---|---|---|---|---|
| 79,629 | ||||
| 79,629 | ||||
| 8,096 - |
||||
| 8,096 | ||||
| - | ||||
| - | ||||
| Insurance value £ |
||||
| 1,300,000 - - - |
||||
| 1,300,000 |
The trustees have used insurance value for the Church Building as the trustees are unable to reliably estimate current values; insurance values may differ materially from current values. All other assets are shown at cost.
E Guarantees and secured debts
The charity has not given any guarantees and has not provided its assets as security for any liabilities.
The accounts were approved by the trustees and signed on their behalf by:
J. Rhoades
_____Justin Rhoades
Date: 07 July 2023
The notes on pages 7 - 8 form part of these accounts.
Page 6
Welling Evangelical Free Church
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
1 Accounting policies
The accounts have been prepared on a receipts and payments basis and comprise a statement that shows the charity's receipts and payments, a statement that summarises the charity's assets and liabilities and related notes. The accountancy profession have determined that only accounts prepared in accordance with applicable accounting standards present a 'true and fair' view and, as these receipts and payments accounts have not (and cannot) be prepared in accordance with accounting standards, these accounts do not present (and are not intended to present) a 'true and fair' view of the charity's financial activities and state of affairs.
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or j t
| Unrestricted Fun General funds £ 2 Payments in relation to charitable activities undertaken directly Staff & intern costs 31,878 Building 5,683 Equipment 11,271 FIEC 1,072 Hospitality 3,060 Kids/Teens 4,417 Marketing 1,728 Men/Women 950 Missions 158 Outreach/Evangelism 2,744 Pastoral 2,410 Administration 3,322 Utilities 4,642 Legal & Professional 739 74,074 |
ds Designated funds £ - - - - - - - - - - - - - - - |
Restricted Funds £ - - - - - - - - 1,360 - - - - - 1,360 |
Total 2022 £ 31,878 5,683 11,271 1,072 3,060 4,417 1,728 950 1,518 2,744 2,410 3,322 4,642 739 75,434 |
Total 2021 £ |
|---|---|---|---|---|
| 1,293 15,089 10,305 1,692 1,862 477 374 20 489 790 582 3,540 5,225 1,580 |
||||
| 43,318 |
| 3 Grants paid in relation to charitable activities undertaken by Grants for: Woodford Evangelical CBPI UK Mission The Globe Church UK Mission Other small grants to organisations UK Mission Grants to individuals |
others - - 250 720 970 |
- - - - - |
2,750 - - 1,060 3,810 |
2,750 - 250 1,780 4,780 |
- 2,000 - 1,315 |
|---|---|---|---|---|---|
| 3,315 |
4 Transactions with related parties
Justin Dallas Rhoades served as church leader and was paid £2,000 (2021: £nil) for serving in that capacity, not for serving as a trustee; these payments are permitted by the charity's governing document.
Page 7
Welling Evangelical Free Church
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
5 Movement of funds
| vement of funds | |||||
|---|---|---|---|---|---|
| General funds Restricted funds Youth Building Christmas Offering Typhoon appeal Other restricted funds Total funds |
Opening balance £ 79,629 - - - - - 79,629 |
Receipts £ 61,685 19,340 2,530 1,360 1,360 24,590 86,274 |
Payments £ (75,044) (39,031) (2,750) (1,060) (1,360) (44,201) (119,245) |
Transfers £ (19,912) 19,692 220 - - 19,912 - |
Closing balance £ 46,358 |
| - - 300 - |
|||||
| 300 | |||||
| 46,658 |
The transfer from general funds to the Youth Building fund was to offset the deficit on the restricted fund.
The Youth Building fund relates to money raised towards the building of a separate 'garden room' for youth work built in the grounds of the main church building.
The Christmas offering in December 2021 was for Woodford Evangelical Church
The Typhoon appeal was to help an individual in the Philippines whose house was destroyed by the typhoon. Other restricted funds relates to specific smaller appeals to support causes and individuals
Page 8