2023-09-30-accounts

Welling Evangelical Free Church

Report and Accounts Year ended 30 September 2023

1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk

Welling Evangelical Free Church

LEGAL & ADMINISTRATIVE DETAILS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

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 2023

The Trustees have pleasure in submitting the Report and Accounts for the year ended 30 September 2023.

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 £51,230, to £137,504, and expenditure decreased by £27,354, to £91,891. As a result the cash held by the charity increased by £45,612, to £92,270, of which £86,913 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 £86,913 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:

Justin Rhoades

Justin Rhoades (Jun 26, 2024 13:00 GMT+1) ……………………………………………………….. Justin Rhoades

Jun 26, 2024 Date:_____

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 2023 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.

Sarah Crispin

Sarah Crispin (Jun 26, 2024 14:30 GMT+1)

Sarah Crispin ACA Stewardship 1 Lamb's Passage LONDON EC1Y 8AB

Date: Jun 26, 2024

Page 4

Welling Evangelical Free Church

RECEIPTS AND PAYMENTS ACCOUNT

FOR THE YEAR ENDED 30 SEPTEMBER 2023

						Unrestricted	Funds
						General	Designated		Restricted
						Funds		Funds	Funds	2023	2022
					Notes	£		£	£	£	£
Income receipts
Donations						101,885		-	18,559	120,444	86,274
Gift aid receipts						9,860		-	-	9,860	-
Rental income						7,200			-	7,200
						118,945		-	18,559	137,504	86,274
Total receipts						118,945		-	18,559	137,504	86,274
Payments
Payments in relation to activities undertaken directly				charitable	2	69,520		-	11,271	80,791	75,434
Grants paid in relation to activities undertaken by others				charitable	3	6,800		-	4,300	11,100	4,780
						76,320		-	15,571	91,891	80,214
Purchase of fixed assets						-		-	-	-	39,031
						-		-	-	-	39,031
Total payments						76,320		-	15,571	91,891	119,245
Net of receipts	/ (payments) before					42,625		-	2,988	45,612	(32,971)
Transfers between funds					5	(2,069)		-	2,069	-	-
Net movement in funds						40,555		-	5,057	45,612	(32,971)
Cash funds as	at	last year	end			46,358		-	300	46,658	79,629
Cash funds at	this year end				A	86,913		-	5,357	92,270	46,658

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 2023

Notes A Cash funds Cash at bank with immediate access B Other monetary assets Gift aid due to charity Rent paid in advance Insurance paid in advance C Liabilities Falling due within one year Fee for Independent Examination D Assets retained for charity's own use	General Designated funds funds £ £ 86,914 - 86,914 - 7,340 - - - 2,031 - 9,371 - 960 - 960 - Unrestricted Funds	Restricted funds £ 5,357 5,357 - - - - - -	2023 £ 92,271 92,271 7,340 - 2,031 9,371 960 960	2022 £
				46,658
				46,658
				15,436 20,667
				36,103
				840
				840

Church Building Youth building Music and PA equipment Computers, IT and other equipment	Cost £ - 39,000 28,454 7,389 74,843	Insurance value £
		1,679,000 - - -
		1,679,000

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:

Justin Rhoades Justin Rhoades (Jun 26, 2024 13:00 GMT+1) _____Justin Rhoades Jun 26, 2024 Date:_____

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 2023

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 projects.

Unrestricted Fun General funds £ 2 Payments in relation to charitable activities undertaken directly Staff & intern costs 9,657 Building 7,600 Equipment 8,811 FIEC 1,728 Hospitality 3,513 Kids/Teens 3,751 Marketing 941 Men/Women 3,125 Missions 1,787 Outreach/Evangelism 9,548 Pastoral 9,133 Administration 4,753 Utilities 5,172 Legal & Professional - 69,520	ds Designated funds £ - - - - - - - - - - - - - - -	Restricted Funds £ 1,036 - - - - 7,250 - - 215 - - 130 - 2,640 11,271	Total 2023 £ 10,693 7,600 8,811 1,728 3,513 11,001 941 3,125 2,002 9,548 9,133 4,883 5,172 2,640 80,791	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

3 Grants paid in relation to charitable activities undertaken by Grants for: Woodford Evangelical CBPI UK Mission Stockwell Baptist Church UK Mission Other small grants to organisations UK Mission Central Missionary Clearinghouse UK Mission Grants to individuals	others - - 600 5,200 1,000 6,800	- - - - - -	- 4,000 - - 300 4,300	- 4,000 600 5,200 1,300 11,100	2,750 - 250 - 1,780
					4,780

4 Transactions with related parties

Justin Dallas Rhoades served as church leader and was paid £1,500 (2022: £2,000) for serving in that capacity, not for serving as a trustee; these payments are permitted by the charity's governing document. During the year, Rachel Rhoades, who is closely related to Justin Rhoades, a trustee, received £1,500 for her services to the church. During the year, £5,000 was paid towards the container shipping fee for Tarl Reeves, a trustee of the charity, to return to the US after serving as Pastor at the church.

Page 7

Welling Evangelical Free Church

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

5 Movement of funds

vement of funds
General funds Restricted funds Youth Building Christmas Offering Typhoon appeal Summer camp Sponsorship Licence Other restricted funds Total funds	Opening balance £ 46,358 - - 300 - 300 46,658	Receipts £ 118,945 4,995 3,381 - 5,800 4,000 383 18,559 137,504	Payments £ (76,320) - (4,000) (300) (7,250) (3,806) (215) (15,571) (91,891)	Transfers £ (2,069) - 619 - 1,450 - - 2,069 -	Closing balance £ 86,913
					4,995 - - - 194 168
					5,357
					92,270

The transfer from general funds to the Christmas offering and Summer camp 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 2022 was for Stockwell Baptist Church. The Summer camp fund was for a youth camp that took place in July 2023.

The Sponsorship Licence fund relates to money raised towards the various costs for application of Sponsor Licences for 2 members of staff. 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

WEFC ACCOUNTS 2023 RP FINAL TO SIGN

Final Audit Report 2024-06-26

Created: 2024-06-25 By: Sarah Crispin ([e-mail]) Status: Signed Transaction ID: CBJCHBCAABAAgCLSePFsNhzkmY3-xZH6QINdiGEucz1f

"WEFC ACCOUNTS 2023 RP FINAL TO SIGN" History

Document created by Sarah Crispin ([e-mail]) 2024-06-25 - 14:27:23 GMT

Document emailed to [e-mail] for signature

2024-06-25 - 14:28:09 GMT

Email viewed by [e-mail]

2024-06-26 - 11:59:37 GMT

Signer [e-mail] entered name at signing as Justin Rhoades 2024-06-26 - 12:00:20 GMT

Document e-signed by Justin Rhoades ([e-mail]) Signature Date: 2024-06-26 - 12:00:22 GMT - Time Source: server

Document emailed to Sarah Crispin ([e-mail]) for signature 2024-06-26 - 12:00:26 GMT

Email viewed by Sarah Crispin ([e-mail]) 2024-06-26 - 13:29:41 GMT

Document e-signed by Sarah Crispin ([e-mail]) Signature Date: 2024-06-26 - 13:30:00 GMT - Time Source: server

Agreement completed.

2024-06-26 - 13:30:00 GMT