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2025-05-31-accounts

Waterloo Christian Fellowship Annual Report for the Year Ended 31/05/2025 Charity Number: 1207719

Registered Address: 17 Waterloo Street,Weston-super-Mare, BS231LF

1. Objectives and Activities

Waterloo Christian Fellowship exists to advance the Christian faith in accordance with the teachings of the Bible, through worship, discipleship, fellowship, and outreach.

We are a Christ-centered fellowship aiming to love God and serve each other and people in our local area.

Our objectives include:

(communion ) fellowship (community / discipleship ) and prayer. (Acts 2:42)

Christians in fellowship: (Church members)

2. Summary of Activities in the Reporting Period

During the past year, with God’s help and the support of faithful Christians, we engaged in the following activities:

Worship & Fellowship

Community Engagement

Mission Support

3. Achievements and Impact

We praise God for His faithfulness and for the steady growth in fellowship and spiritual maturity. Key highlights include:

4. Financial Review

Income for the year: £26,876.00 Expenditure: £18,181.00

Main sources of income: Regular giving, occasional donations.

Funds have been used for building upkeep , ministry costs, outreach, and mission giving. The fellowship operates with stewardship and accountability, and any surplus is reinvested into ministry needs and future mission efforts.

5. Overseeing the fellowship

Waterloo Christian Fellowship is overseen by Tim McShane and Alistaire Tudor who are Elders who meet to pray, plan, and manage the direction of the fellowship with God in the centre. Also we have two Deacons Gary Cusions Mark Parker who help in running the fellowship Leadership is carried out on a voluntary biblical basis, guided by prayer, Scripture, and all according to Gods will with no compromises on the Word of God.

6. Plans for the Year Ahead

In 2025-26, we prayerfully aim to:

7. Public Benefit Statement

All our activities are carried out for the public benefit, providing spiritual support, community care, and moral teaching in alignment with our Christian values. We are open to all, regardless of background or belief.

REGISTERED CHARITY NUMBER : 1207719

Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 May 2025 for Waterloo Christian Fellowship

The Local Accountant 19 Boulevard Weston-super-Mare North Somerset BS23 1NR

Waterloo Christian Fellowship
Contents of the Financial Statements
for the Year Ended 31 May 2025
Page
Report of Trustees 2 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7 to 8
Detailed Statement of Financial Activities 9

Waterloo Christian Fellowship Report of the Trustees for the Year Ended 31 May 2025

The trustees present their report and financial statements of the charity for the year ended 31 May 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" (FRS 102) in preparing the annual report and financial statements of the charity.

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.

OBJECTIVES AND ACTIVITES

Objectives and aims

The provision of advancing the Christian faith.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The charity provides services to the North Somerset area

FINANCIAL REVIEW

Principal funding sources

Most of the charity's income is derived from donations.

Reserves Policy

The charity holds free reserves of £18,138.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

The charity is set up by a scheme dated 3rd April 2024.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Public benefit

The trustees confirm that they have had due regard to the Charities Commission's general guidance on public benefit, particularly when reviewing the charity's aims and objectives for the year.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1207719

Principal address

Waterloo Hall 17 Waterloo Street Weston super Mare North Somerset BS23 1LF

Page 2

Waterloo Christian Fellowship Report of the Trustees for the Year Ended 31 May 2025

Trustees

Alistaire Tudor Lisa Clark Stell New

Independent Examiner

Kirsty Fowler MAAT ATT The Local Accountant Ltd 19 Boulevard Weston super Mare North Somerset BS23 1NR

Bankers

Lloyds Bank PLC 2 S Parade Weston super Mare BS23 1JL

Approved by order of the board of trustees on …………………………………………… and signed on its behalf by:

……………………………………………………………………..

Alistaire Tudor

Page 3

Independent Examiner's Report to the Trustees of Waterloo Christian Fellowship

Independent examiner's report to the trustees of Waterloo Christian Fellowship

I report to the charity trustees on my examination of the accounts of Waterloo Christian Fellowship for the year ended 31 May 2025.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act')

I report in respect of my examination of the Trust's accounts carried out under section 145 of the act and in carrying out my examination I have followed all applicable directions given by the Charity Commission under section 145(5)(b) of the 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 respect of the Trust as required by section 130 of Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the applicable requirements concerning 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.

I have no concerns and have come across no other matters in connection 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.

Kirsty Fowler MAAT ATT The Local Accountant Ltd 19 Boulevard Weston super Mare North Somerset BS23 1NR

Date: ……………………………………..

Page 4

Waterloo Christian Fellowship Statement of Financial Activities for the Year Ended 31 May 2025

Notes
INCOME AND ENDOWMENTS FROM
Charitable activities
2
Total
EXPENDITURE ON
Charitable activities
Charitable activities
Total
NET (EXPENDITURE)/INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 2025
Unrestricted
fund
£
26,876
26,876
18,541
18,541
8,335
9,803
18,138

The notes form part of these financial statements

Page 5

Note
FIXED ASSETS
Equipment
CURRENT ASSETS
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
4
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
Funds
Unrestricted funds
TOTAL FUNDS		 Waterlo o Christian Fellowship
Balance Sheet
31 May 2025		 2025
Unrestricted
fund
£
369
18,129

s
18,498
(360)
18,138
18,138
18,138
18,138
18,138

The financial statements were approved by the Board of Trustees and authorised for issue on …………………………………………… and were signed on its behalf by:

………………………………………………… Alistaire Tudor - Trustee

The notes form part of these financial statements

Page 6

Waterloo Christian Fellowship Notes to the Financial Statements for the Year Ended 31 May 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in he UK and Republic of Ireland (FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The trust constitutes a public benefit entity as defined by FRS 102.

The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.

The trustees consider that there are no material uncertainties about the Trust's ability to continue as a going concern. With respect to the next year, the most significant areas of uncertainty that affect the carry value of assets held by the Trust are the level of investment return and the performance of investment markets.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to and it is virtually certain they will receive the income and the monetary value can be measured with sufficient reliability.

Income with related expenditure

Where incoming resources have related expenditure the income and related expenditure are reported gross in the SoFA.

Tax reclaims on donations and gifts

Income and tax reclaims are included in the SoFA at the same time as the gift to which they relate.

Grants and donations

Grants and donations are only included in the SoFA when the charity has unconditional entitlement to the income.

Investment Income

This is included in the accounts when receivable.

Investment gains and losses

This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Charitable activities / Grants

The charity meets its objectives by providing grants to other organisations as set out in the trustees report. These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain on the control of the charity.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued a expenditure.

Page 7

continued ...

Waterloo Christian Fellowship Notes to the Financial Statements - continued for the Year Ended 31 May 2025

1. ACCOUNTING POLICIES - continued

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

2. CHARITABLE ACTIVITIES

Donations 2024
£
26,876
26,876

3. TRUSTEES'REMUNERATION AND BENFITS

There were no trustees' remuneration or other benefits for the year ended 31 May 2025.

Trustees' Expenses

There were no trustees' expenses paid for the year ended 31 May 2025.

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Accrued expenses 2025
£
360
360

Page 8

Waterloo Christian Fellowship Statement of Financial Activities for the Year Ended 31 May 2025

INCOME AND ENDOWMENTS FROM
Charitable activities
Donations
Investment income
Bank interest
Total incoming resources
EXPENDITURE
Charitable activities
Literature
Youth Group
Insurance
Saturday Night Events
Marriage courses
Carnival supplies
Ministry
Funeral witness
Equipment
Telephone
TV Licence
Motor expenses
Accommodation
Advertising
Computer and software expenses
Repairs and maintenance
Rates
Light and heat
Depreciation
Professional fees
Supporting costs
Management
Independent examiner's fees
Total resources expended
Net expenditure/income		 31.5.25
Unrestricted
fund
£
26,876
-
26,876
3,482
230
1,846
462
440
187
2,097
670
818
355
175
110
136
164
80
1,127
698
3,579
123
1403
18,181
360
18,541
8,335

This page does not form part of the statutory financial statements

Page 9