WIRTIIL CHIUSTIAN CENTRE TRUST LIMITED (a company limiled by guarantee) FINANCIAL STATEMEIYTS 31 MARCH 2024 Registered Number . 02088322 Registei'ed Chllrity Number . 700269 HAILWOOD & CO CHARTERED ACCOUNTANTS Moiyton, Wii'ral WIRRAL CHRISTIAN CENfRE TRUST LIMITED (a company limited by guarantee) FINANCtAL STATEMENTS foy the year ended 31 Mllrch 2024 CONTEWfS PAge C￿lIp￿lly inforniation Trustees, anniial stralegic report 2to5 Iiidcpcndcnl alidilor's r¢port 6lo6b Sununary in¢ome and expenditure accoullt Statuncnt of rccogllised gait)s and losses Note of historical cosl gains and losses Stateinelll of fllwncial activitics (incliidiiig income and cxpcnditurc account) Balance sheet Statement of cash flowd 10 Notes lo lh¢ fjnancial staton￿rts llto22 WIRRAL CHIUSTIAN cE￿rRE TRUST LIMITED (A company limited by gu&r&ntee) for the yeai. ended 31 Mllrch 2024 icorporllted ill EligI￿ld and Wales ￿1 12 January 1987 R¢￿stered Nullkner ', 02088322 Registered Cliarity Numbcr '. 700269 DIRECTORS G Eplon (Cltsinnan) P Epton Dr A K Adegoke Dr O S Kehinde Ja¢le I to ihe accounts. Relaled parLy tr￿￿actionS arc discloscd in notc 21 to t1￿ flllancial statdncnts. Re,serves Poliey W¢ continue as a Board ￿ wod< towards a'cating liquid rcscrves, tbis has llot i¢1 been achieved. Onc¢ t1￿ Tiwt has built iu) rescrv¢s in the future, it will set these aside for the continuing inaiDta]ance ufthc buildiiigs. Inve,stmentPower,I, Polic)i andPerformance Wc shall continuc to ￿]pport those ill training NVQS and also Degrees. All Sta￿ at cvery lovel are alld will continue lo have relevant trainillg related to their area of work The Tnist continue to owi two rogideiitial flots and a shop. The Gjtc Nvas opened succcssfiilly by Gateway Chw¢h Wirral in th¢ sliop premises, and opaat¢s as a C￿nmunItY liub and social superniarket for the locol conlliiwiity. Du¢ to its increascd use and benefit, a significaiil pro￿allY￿e of works Iwas imd¢rtaken to renovat¢ t]￿ premiscs to Increa￿ its valuc for the community. The Trust made of tho banlc QVQTdraft facility previously negoliat¢d as w¢ pi'ogressed kn74vards bettcr liquidity, and has fiilfillcd its aim lo see ihe use of this to well below the £160,000 limit, Dlie to the consistent levels of resid¢nts and nursery cli¢nis, the Tn￿t is now r¢gularly seeing a positive balanc¢, wliich lias grown dwing 2024. Tli¢ Tnjst made its fiual pa￿D#nt on die main morLgag¢ loan ill April 2024, has further iinproved di¢ day to dai, financial situation and ellabl￿ res¢ry¢s io be built up. Thc Tnistces thcrcfore believe diat it is appropriate to prq)are tlie fmancial statenients on a going concern basis. WIRRAL CHRISTIAN CEwfRE TRUST LIMrrED (a company limited by guai'antee) FOR THE YEAREM)ED 31 MARCH 2024 TRUSTEES, ANNUAL REPORT AND STRATEGIC REPORT (continued) Futuiy Pl￿S and Risks Mrs V Fisher continiies to make improvcnicnts to both ilic and the Ju￿senes. The Tnist enthark¢d upoll a pro￿aMmc of solar en¢rgy installati￿] in Spring 2024, wliicli will reduce bolli our carboii footprint and energy costs Sig￿fIcU￿tIy. The Trust's bat￿ Iws iiiade flliallCCS available for this worL.. During the summer of 2024 the Trust also begall a revi¢w of its h¢a1iiig plant and sysLcms. Tli¢ plaimed changes will have sigiiificant cost, facilitated by the Tnisl's bw]k, but ivill also enable significant cosl rediwtions due to d)¢ resultanl iniprovcmthits lli efficiency. Other The GlwiLy ¢onstitiit¢s a public bcnefil entity as defined by FRS 102. Statement of Trustees, Responsibilities The triistees (who are also th¢ dir¢¢tors of Wirral Christian Centt"e TTUSt Li]nited for the piwpos¢s of oompany law) are r¢sponsibl¢ for preparing thc Trust¢es' Annual R¢porl (including the Strategic Report) and the finallcial statcmcnts in accordance with applAcable law and United Kingdrnn Accowitii Standards (United Kingdom G￿]erallY Acccpted Accounting Pi'actice). Company law requir¢s the trustees to prepar¢ the fjllancial statements foi each fillancitd ycar, w￿,Ch give a truc and fair view of the stat'e of affairs of the charitoblc c(xiipally and of th¢ i11￿ltig rcsources and application of lEsoUr￿S, ]i￿ludIng tlie incom¢ and exp¢nditur¢ for that p¢riod. Ill preparing these fwaiicial Slat￿ne1]IS, the tr￿t¢¢S are rcquircd to: selGct suitabl¢ accountii]g policies ￿]d apply th￿ll coii&istently' obscrvc m¢thods and priii¢iples iii the Chariiies SORP 20.19 (FRS 102). n]ake judgfflnent8 and csiiinalcs tI￿t arc reas￿}0bl¢ and prudent. state whether UK applicable accounting standards have beai folloived, siibject to any material departures disclosed alld &ylained iii tlie fll)an¢ial stat6￿ents. piwarc thc ￿l￿}cial sLatenicnts oll thc going ¢on¢ern basis wilcss it is indpproprialo to prcsum¢ that the Charity will Coiitinu¢ in operation. Tli¢ triL8tees are resp￿]sible f￿. kceping adequat¢ a¢counii1￿ rccords tliat disclos¢ wilh reas￿]able accuracy al any time the finall¢ial position of Ihe charilable Conw￿]Y and ettable then] to that th¢ finaiicial statcrn￿]ts comply witli th¢ Companies Act 2006. They arc also responsible for safeguardiiig tlie assets of the cliaritable compaiiy and h￿]Ge for taking reasonable steps for tho pr¢vention and detection of fraud other iri¢gularities. In so far as tli¢ trust¢cs arc ftware: there is no relev￿lt audil inforn￿tion of M,lllch tb¢ GI￿17table comp￿ly'S auditor is unawar¢' the trustees have taken all steps (l￿t th¢y OU￿rt to l)ave la1<￿7 to mak¢ thoms¢lv¢s awar¢ of any rel¢vtmt audil llrformatioii and to eslablisli Ihal Ihc auditor is aware of lliat in(￿]￿aLlOn. Auditors Mi¢liacl Doniian & Co Limited havc offered Ihenjselves for r¢appointni¢iit as auditors of thc Cliarily for thc year ended 71 March 2025. On b¢haifof the Board Rev G Epton Cliairnian 19 Decanber 2024 WIRRAL CHRISTIAN CENTRE TRUST LIMITED (a company limited by guarantee) INDEPENDENT AUDITOR'S REPORT For the year ended 31 March 2024 Opinion We have audled the financlal statements ofwlrral Chrfstlan Cpntre Trust Lkn￿ed (the 'charitsble company,) forthe year end&J 31 March 2024 which comprise the Summary Income and Expenditure Account, the Ststement of Flnandal Actsvities, the Balanc Sheet, the Stalement of Cash Flows ar￿ noles to the finandal statemenls. incjuding 5ignrficanl accounting polici8s. Th8 financlal reporting framew¢xkthat has been applied In their FxBparation is ap￿ICablè law Uniled Kingjom Accounting Standards, induding FmancAal Reporting Standard 102 The Fln8nGiaIRepo￿ng Standaftdappjioable in Ihe UK and R&publiG of Ireland (Untted Kingdom Generally Accepted Ac¢ountlng l*olth). In our oplnlon the financlal statements.. give a true and fairview of the slate oflhe cha￿ab]e companls affai￿ as at 31 March 2024. and of Its Incornlng resources and application of resources, Including ￿9 income a￿A expendilure, forth6 yearlhen ended; have been prop8dy prepa￿d in accordance wlh Unlled Klngdom Gen8rally Awepted Account1￿J Pr8cttt' atKI have been p￿pared in arLo￿anCe wfth the requ1￿ments ofthe Companies Act 2008. Basls for opinlon We fA)nducted our audit in acrA>rdafKe wth Intemalional StaTrJarrls on A￿jiting (UK) (ISAS (UK)) and appllcable law. Our responsibilities underlhose stsndaKls are further desuibed in the audilor responsibilities forthe audit of the financlal siatements sectton ofour report. We are indepenclent ofthe charitable company in acrAJrdance wilh the ethlc&l requirements Ihat are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical StandaKI. and w8 have fulfflled our olher elhirAI sponsibilities In acco￿lanc$ wth these wulrements. We believe that the audit evKlence we have obtalned Is suffi(Ment And appro￿7&e to promde a basis for our opinion. Conclusl¢)ns relatlng to going concem In auditing the financial statsrne￿, we ha￿ conduded that the tA￿t￿es, use oflhe golng COn￿M basis ofaccounting in the p￿paratIOn of the financial staiements is approwiate. Based on the work we have perfomHI. we have not identffEd any matsrLql unoertainties ￿lating to events orujndttions IhaL individually or collectwely, may casl svjnlficantdoubt on the charilable companls abibiyto contlnue as a golng concern fora perfod ofat least tWe￿e n￿nthS from when Ihe financial statements are authorlsed for issue. Our ￿SpOnSIbIlItIeS and the responsibilities of the bwstees with respect lo going concern are descrlbed in the relevant S￿lI0r6 of thls report. Other lrfom)*ion The other Infoniwtion comprises the Infomiation included in the tru5tees' annual report, otherthan the ffiancial 51alenwAts and our audiior's report thereon. The trustees are tesp)nslble forthe olher information contalned wlthill the annual report. Ouropinion on Ihe financial statefflBnts does not cover the olher informthn and, to the extent othewise explicitly stated in our tEPOrt, w8 do not express any foETh of assurance Co￿7uSIon thereon. Our responsibilty Is to read the other information a￿￿, in doing 50, COns￿ler whetherthe other infonnation is materially inconsBtentwith the financlal statements or our knowledge oblalned In the course of the aud￿ or Dthewise appears to be materially misstated. If we Klenlify such material in(x)nsist8nci&s or apparent material misstatements, we aTr required to deièmilne whetherthis iise to a malerfal mlsslalement In the financi81 statements themselves. If, based on the wothwe have performed, we condude that there is a material mlsslatemenl Ofthls other Information, we r4ulred lo report that farA. We have nothing to report fft this regard, Opinions on other matters prescribed by the Companies Act 21Y)6 In our opinion, based on the work undertaken in the course of Ihe audtt.. the infomi8tion given in the Irustees, report incorpoiatiig the strategic report and the dlmlors. prBpared forthe purposes of wmpany law, for the financlal year fcrwhich the llnancial statements are wepared k8 consistentwlh the nancial statements. and Ihe sbziegic report and Ihe direotorya, report In¢I￿led within the Iruslees, report have been prepared in accordance applKable legal requlrements. WIRRAL CHRISTIAN CENTRE TRUST LIMITED (a company limited by guarantee) INDEPENDENT AUDITOR'S REPORT For the year ended 31 March 2024 Matters on which we are required to report by exception In the light oflhe kn￿edge and understandlng ofthe charitable ￿)Ir￿anY 8nd its 6nvironment obtalned in the cOu￿e ofthe audit, w@ have not Klentffied mateiial misstatemenls in Ihe stratsgic rewrt and the dlrectors, report included wilhin the trustees, report, We have nothlng to report r¢ respect ofthe follow1￿ matters in relation to which the Companies Ad 2008 requres us to report to you rf. in our opknion.. adequate accounting reoords have not boon kept. orretums adequate for our audit have not been re¢elved from bTrnch65 not visited by us; or the financlal staiemenls are not in agreement wlth aocounting records aMI retums., or certaln dBclosurES of director5, remuneralion specified by law are not made,. or WÈ have nol re061wd all the Informalion and e>planalions we require for our audtt. Responsibilities of trustses As explained more thlly in the trustees, responsibiSties stat6ment set out on page 5, the buslees (who are £lso the directors of the chafltable company forthe purposes of company law) are responslble forthe preparation of the financial ststements and for b6itvJ satisfied thatlhey give a tme and tdir view, and for such ifitemal control as the trustees delemiine is necessaryto enable the preparation offinanclal statements that free from material mtssl&ternen( whether due to fraud or enDr. In preparing thg thanci81 statements, thetrustees are responslble tr assessing the charflabk company's sbilityto continue a5 a going concem, disclosing, as appr1e￿b]e, matters related to going Conc￿ using the going concem basis ofaccoun11￿ unbss the trknEtees either intend lo liquldaie Ihe charitable company orto cease operauorts, or have no realistiG alternative bul to do so. Audltorfs respor6ibilities forth6 audit of thè financial statements Our objectives are to obtsin reasonab￿ assurance about whetherthe financial stalemenls as a ￿019 fre8 from material misstatement, whetherdueto fraud or e￿vr, and to issue an auditors r8w)rt that kncludes our oplnlon, Reasonable assuranoe Is a h level of assuranae, but Is not a guaranlee thal an audit conducted in aCco￿anCe wilh ISAS (UK) will a￿ayS delecl a mateFial sst8temertt then it 6xists. Misslat￿ents can arlse from frawj or effor and are conSide￿d materlal rf, individually or in the aggregate, they coukl reasonsbly be expeded to Influence the economic d6￿lonS of users taken on the basis ofthese financlal stalements. I￿egUlaritIeS, including fraud, Sre Instsn￿s of nonThcomplIan￿ wilh laws 8nd regulations. We deslgn wocodures In Ilne wKh our respDnstbllRles, outllned above, to detect material misstatements In respecl of irregulatiti&s, tnclud¥)g fraud. The extentto which our p￿￿edureS a￿ capable Df detecting lwularil￿, including fraud is detalled below: The obiectives of our audft are to klenlrfy and assess the risks of materfal mtsstatement ofthe financial ststements due to fraud Dr enDr, to olxaln sufficient appropriate audtt e￿Ience reg8rding the assessed iisks ofmaterfal misstatement due to fraud or error, and to respond approprfatelyto those rtsks. Owlng to the Inherent fimitatlons of an audit, there is an unavOid8ble risk thatwe Mnll nol delecl all itregul8rilies, includlng those1è8ding to a matefial misstatements In tha financial statements or non-compliance wllh regulation, Thls iisk incwsesthe more that compllance wth a law or regulation is removed from the events and tran5actlons refleGled in the financial statements, as we wlll be less likely to become awa￿ of Instances of non-compf*nce. The risk is also gttater rega￿￿1r￿j irregulartties occurring due to fratjd r81herth8n error, as fraud inw)Ives concoalment, fo￿￿ry, colluslon, omtssion or misrewesentation. In idenlfying and assessing risks of material misslatement in respeci of inEgularities. includlNJ fiaud and non-compllance wllh laws and regulations, our procedures included In the folbwlng: We omained an understanding Ofthe ltrJal and reoulatory frameworts gpplioable tothe company gnd Ihe se(*or In wh￿h they operate. We detemiined thatthe followlng laws and regulalion5 were most signfiaant: The Companl6s Act 2008, the Chaiities Aot2011, the Health and Social Care Act 2008 (Regula1￿ ActI￿lIeS) Regulations 2014, Ihe Care Act2014, the Chlldcare Act2W6. the EdwAtion Act 2005 and the UK taxation laws. We obtained an underslanding of how the company is ciKnplylng with those legal and regulat￿ framewoths by maklng hwuities to the m8nagement. We assessed Ihe susceptibilty ofthe Companys financial statements to material misstatement, Includlng how fra￿1 might occur. Audii procedures perfonrEd bythe eng8gemenl team included: 1dentrfY￿ and assesslng the deslgn effeotiveness of controls management has in place to prevent and detect understanding how those charged govemance consklered and addressed the rthntlal for oven1de of cnnltDls orother Inappropriate influence overthe financlal reporting process,. challenglng assumFllons 8ndJ￿eMents made by rnanagemenl in ils sign[f￿an1 a(Lourrting estlmates. WIRRAL CHRISTIAN CENTRE TRUST UMITED (a company limtted by guarantee) INDEPENDENT AUDITOR'S REPORT For the year ended 31 March 2024 6b Auditorfs responsibilities for the audit of the financial statements (o)ntinued) identty'ng and testing ioumal entries, in part￿laranyjouMaI entries F(J$t￿ with unusual account combinations,. and assessing the e>aent of COm￿lan￿ viith the relevant laws and regulati)ns. A fvrther desuipb'on of our rÈsponsibilrtres is avali able on the Fina￿la1 RetM)rting Councils ￿EbSIte at: htt :IfvMw.frc. .uklOur- WorkJAudttlAudit-arKJ-assurancelStandards•and uiyancelslandards-and UKian(£-for-auditorslAuditot5-res nsibilrti&S-for- audrtlDesc t¢on-of-auditor&res nsibiltttes-for-audTLas This descEiPb'on fotms ￿art of our auditors rewrt. Use of our report This report is made solely to the chaiitable ￿mpan￿5 mem1A￿, &s a tMJJy, Hi ac£offlan￿ wth ChaFler 3 of Part 16 ofthe Companies Act 2006. Our audit work has been undertaken so thai we miJht state to the thaiitable c￿MpanY'S Membe￿ Ihose Matte￿ we are required to slate to them in an auditorfs rep)rt and for no other purtM)se. To the fullest exient permitied by law, we do not accept or assUff￿ reswnsibilty to an￿￿e otherthan the charilable (x)mpany and the charilable ￿mpan¥S meM￿[S as a t￿y, for our audit wotK forthis repx)¢ orforthe opriions we have fonned. m￿hael Donnan Bsc {Hons), FCA AMIMechE (Seni)r statutoryA￿lI0￿ For and on t£ha￿Of Michael Donnan & Co Limited. StatuioryAuditor Oaktree Court Busine￿ Centre MID Lane. Ness, Cheshi￿, CH64 8TP Io December2024 WIRRAL CHRISTIAN CEIYTRE TRUST LIMITED (a company limited by guarantee) SUMMARY INCOME AND ExpEfiDITURE ACCOUNT for the year ended 31 March 2024 Note 2024 2023 Incom¢ Nei fair valu¢ aoss¢s)Igains on inv¢stmonts Illteresl and inv¢stmciit income 2,469.347 2,039,822 13 37,168 34,l67 Gross income 2,506,515 2,103,801 29,619 61,715 2,073,989 ,812.898 30,107 Expenditure tJrter¢sL payabl¢ Dcpreciation and impairntrnt charges Total expenditure 2,195,135 1,893,762 Net incomd(expellditure) (Page 8) 311,380 180227 STATEMENT OF TOTAL RECOGNISED GAINS AM) LOSSES for the year ended 31 Mnrch 2024 2024 2023 Net ineome/(¢xp¢nditvr¢) (pagc 8) Unrcalised (loss) on r¢valuation of fun¢tional property 311,380 180,227 12 Movement in reseives 711,380 180.227 NOTE OF HISTORICAL COST GA]IYS AND LOSSES for the yefti" ended 31 March 2024 2024 2023 Rcpori¢d surplusl(defi¢it) oil oidinary activities Diffcrcncc between a hislorical cost depreciati￿1 ¢harg¢ and the actual d¢precialion cliarg¢ ofdie year calciilated on the revalued amount 311.38Q 180,227 Historical cost surplusl(d¢.ficit) on ordinary activities 311.38Q 180,227 DLUiiigi the year rests'icted incoiiie amowitrd to £49,170 (2023: £35,496) alld restrict¢d exp¢iiditur¢ aniowit¢d to £38.779 (2023: £31,937). TE￿ restricted reserves carried forward amoimtcd lo £38,670 (2023.. £27,152) all¢r a £1,127 (2023: £3,192) transfer froin unreslricled rcseryes, Noiie of th¢ company's activili¢s w¢r¢ acquired or dis¢ont1m￿d duriJi2 th¢ abovc two financial years. Thc suminary income and cxpenditure account is dexived from th¢ statcmait of fin￿l¢JaI acLiviti¢s on page 8 whicli IoE¢ther Nvith the notes io Ilje a¢cowits on pages 11 ￿ 22, provides full iiiforniation on th¢ MOv￿￿e11t tyf funds during t]ie year. WIRRAL CHtUSTIAN CENfRE TRUST LJMITED (a company limited by guarantee) STATEMEINT OF FINIINCIAL AcfIviTIES (including income and expenditure account) for the yeai. ended 31 March 2024 Unrestricted Restricted Total Funds Total Funds Funds Funds 2024 2023 Note Income and endowments fi"om: Donations Charitablc activilies lllv¢stsnellts 610 2,407,384 37,168 12,183 610 2,407,3114 37,168 1,860 1,984,726 49,170 53,636 Total income and endowinents 18 2AS7,345 49,170 2,506,515 2.073,989 Expenditure on: Raising fimds Charitable activiti¢s 2,15C),356 38,779 2,195.l35 1,893,762 Totsl expenditure 18 2,IS6,356 38,779 2,195,135 1893,762 N& fair valu¢ Oosses)/gaills on inv¢slm¢llt 13 Net incomeJ(expenditure) 300,989 10,391 311,380 180,227 Transfer between funds (1,127) Other recogn4sed gainsl (losses): Unrcaliscd (loss) on r¢valuatI￿] or (￿￿tiOnaL propaty 1.2 Iyet movement in funds 299,862 11,518 311,380 180,227 Reconciliation of funds: Funds brought I'onyurd 1,809.423 27,152 1,836,575 1,6fj6,348 Funds ¢arR'ied forwai'd 2,109,28S 38,670 2,147955 1036,575 Noll¢ of th¢ compart￿ s activities were acquired or discontiniied thiriiig tlie abov¢ two finallcial years. The stat¢mait of financial activAties includes all gains aiid losses x¢cognised during tlie year. WIRRAL CHIUSTIAN CENTRE TRUST LIMITED (a company limited by guarantee) BALANCE SHEET As llt 31 Mrdrch 2024 Note 2024 2023 Fixed Assets Tangible ass¢ts Ivestjnenls 12 13 1,853,726 724,204 1,850,060 71)1,386 2.577,930 2J51,446 cui.rent assets Debtors Cash ut banlc ￿]d iii hand 14 84,302 425 62,56C) 602 84,727 63,168 Ci*ditors: Amounls falling due withill one yeaT 15 (32Q967) (537,480) Net ¢urvent liabilities (242,240) (474:3J2) Total assets less current liaknlities 2,335,690 2,077.134 CredAtors: Amowits falling duc aft&" Inorc thwi oiie Yc￿. 16 (187,735) {240559) Net assets 2,147,955 1,836,575 Charity Funds Unrestn'¢*d reserves: Income ￿ld ¢xpeiidiliir¢ Revaluati￿] irserve Restrictrd r¢8ervas 18 18 18 2,063,087 46,198 38,C)70 1.763225 46,198 27,li2 2,147,955 1,836.575 The llotcs on pages l I to 22 forni part of tljese financial slatements. The fll)￿l¢lal statcmcnts on pages 7 to 22 werc approved by thc board of dircctors on 19 Decerllber 2024 and signed on its bthalf by: Direclor Rev G Ep￿] Dir¢¢tor Rev P Epton Registered Number . 02088322 10 WIRRAL CHRISTIAN CENlllE TRUST LIMITED (A compllny lirnited by guarantee) STATE.MENT OF CASH FLOWS for the year ended 31 March 2024 2024 2023 Recondliation of net incomel(expendAture) to net cash flow from operating activities Net incomel(expai￿tllrt) for the year (page 7) 311,380 Adjuslm&its for: D¢pre¢iation charg¢s Net fair value losscs on investmellts Interest and rdits froin illv¢sLniciits Interest payable LoS￿(PrOfiL} on disposal of fixed assets Decrca￿<1ncr¢asc} in debtors (De£r¢ase)/increase in creditors 180,227 61,715 50,757 (37,168) 29.619 (34,167) 30,107 (21,736) (2,855) (22,365) 4,118 Net eash flow from opei'Ating activities 340,955 208,677 Net cash Ilow from opei'ating activities: Cash floiv from investing activities: Payincnts to purthase property, pl￿1t and equipment Payments lo purchase oLh¢r ass¢ls (PapJients)/r¢ccipts on investments Ruits rcceived fron) llivestment propcrtics (Expmsos)Iproceeds on thc sale olodier fixed asset8 -140,955 208,677 (65,381) (21,949) (22,818) 37,168 (7,993) 34,167 776 Net casb flow from investing activities: Cash floiv fron) financing Activities Receipts froni issue of bo￿oWing hrt¢resL paid Reptynents of boTfowllig (51,031) 5,001 (29,619) (30,107) (175,738) (195,595) Net cash flow from financing activities (205,357) (225,702) Net inci'eAsel(decrease) in CAsh and cash equivalents Cash V4nd Cash equivalents at l April 84,567 (12,024) {127,756) {115,732) Cash and cash equivalents at 31 March (43.189) (127,756) Cash &nd cash equivalents consist of: Cash at baJ)k and in hwid Overdrafts ￿￿]17d￿ cr¢diiors falliug due withill O]io}rar (note 15) 425 602 (43,614) (128,358) Cash At bank and in hand less ovei'di"afts (43,189) (127,756) 11 WIIUIAL CHRISTIAN CENfRE TRUST LIMITED (ll company limited by guarantee) OTES ON FINANCIAL STATEMEIYTS for the year ended 31 March 2024 l Accounting policies Genei'al informAtion And basis of &ccountin% The ¢liarity ¢onstittit¢s a public benefit entity as defll￿a by FRS 102. Th¢ fllIt￿Clal yiatsmcnts liave bcell prq)ared in accordance Accowiting and R¢porting by Charitics: Statement of RecomJnciid¢d Practi¢¢ applicable Lo cl)ariti¢s pi'q)aring thcir accounts iii accoi'daiice with thc Financial Rcportiiig StaiidaTd Rq)orting st￿laard appli¢abl¢ to UK aiid Republic of Irelaiid (FRS 11)2) issiied in October 2019, t1￿ Financial Reporting Standard applicabl¢ in the Uiiited Kingdom and Republic of Ireland (FRS 102), the ChariLies Act 2011, the colnp￿lIcS Act 2006 and UK Generally Acceptsd Practice. Wiffal C￿lS11an c￿ltr¢ Tiust Limiicd is a charitable company incorporaL¢d iti B]Walld, In tb¢ ¢v¢nt of the charity being woimd lip. the liability in respect of tbe guarante¢ is liiniied ts £50 per mejnber of th¢ Charity. The address of the regist¢red office is given in tl* ¢harity infonnation on pagc l of ll￿se fillancial statements. The natur¢ of the charity's op¢rations and prllicipal activities are disclosed witliin thc Tnistccs Report. Th¢ fjnAncial statements have beffli prep￿.ed on a going concern basis wider the hF8torical cost arxounting rLdes as modified to include certain items at fair vahie. The fin￿]CIal sLatemenls are i)rcscllted in stcrling wliich is the functional ciwrency of the cliarity and rowided to thc noarcst £, Thc significant accoujiting policies applied in the preparati￿] of thcsc fn￿ciaI Stat¢n￿nts are set out bdow. Going Conceyn As iioted abov¢, tlic financial statements I￿ve be&1 prq)arcd on a going coiicern basis which assimics that the Charity is able to meet its financial obligatsons as they fall due for a period of at Icast 12 months. Funds Unrestricted funds are avAilabl¢ for i￿¢ at th¢ dis¢r¢tion of th¢ trustce8 iii fLIrtheran￿ ol Ilie general ob.jectives of th¢ charity and ithich bave not been designated for otli¢r piirposes, Reslyided funds are fuiids whicli are I￿¢d in accordance M¥ilh specific r¢striclions iinposcd by doiiors or wliicli have b¢en rais¢d by tli¢ charity for particular purposes. Tlic lis¢ of each restric￿1 'fillid is sel out iii th¢ notes to th¢ fAiiaiicial stat¢mcni8. Income recognition All incoming resowces are iecognised in Llie Stalemart of Financial A¢tivities (SOFA) wh¢n the charity lias ¢nliil&ncnt Lo th¢ lunds, aiw pcrforniance conditions attach￿ to the item(s) of income havc beal iiy¥t, it is probable dial thc illcom¢ iVAIi b¢ receiveii an(1 trie amoilllt cali bc measured reliably. Grairt iiiconic xs ircognised whcn ihe cli￿'1ty has entitIen￿￿t to Ui¢ fimds, any perforAttaiice conditiolls altached io the liave b¢¢n m¢t, it is probabl¢ that the iiicomc will be ieceived and tlie aniounl ￿) be measured reliably and is noL deferr¢d. Granls ar¢ cid1￿ thclosed as r¢stri¢ted 01 iu]restiicted iiitthn depending on whether there k)re varlous conditioiis attach￿ to th¢ spending, tlie relat.￿ exp¢nditur¢ is trcated in tho sa]llc way sliowiiig ai)y unspent grwit as carrie41 fonvard. 12 WIRRAL CHRISTIAN CENfRE TRUST LIMITED (a company limited by guftrantee) NoTF￿ ON FINANCIAL STATEMENTS for the year ended 31 March 2024 l Accounting policies (continued) Income recognition (continued) Rental ￿ld caro income froiYL th¢ r¢sidaitial home, mtrsety fc¢s, donations, rental inconie, Oth￿ income and int¢rest receivable ￿.¢ r¢co￿lsea when it is probabl¢ that the incom¢ will be received. Donations are treatol as iuyestiicted illdess the doJ)or specifies WI￿1 the donation is ￿ be spent OIL lllvosttiicnl iiicoinc is carnd througli holding assets for investnieiit piirposes sucli as properly, and ihis incIL￿¢S rent. Th¢ inveslmelll h￿llag¢M¢￿t costs r¢laLing to the rciilal incoine havc been idcntificd in llotc 7. ])onatcd facilities and professional servic¢s rccK)gnised in illcome At their fail value wli¢n tli¢ir ¢CAJn(mnic b￿]erit is probable, il can b¢ nieasiwed r¢]iably and tlie cliarily l]as coiitrol over thc it¢Jn. Fair valiie is detennijied Oll the basis of the value of the gift tt) the chftrily. For example ihe amO￿lt th¢ Charily would be willing to pay in charity. For exainple tlie amoiint th¢ charity ivould bc willing to pay in the op¢n niarkct for facilities and sernrices. A corrcsponding amount is recognised in ¢xp¢ndithr¢. InC￿ll¢ and exyeJidittir¢ included in the fin￿]Cial sialonents on an Nccruals b48is. Expenditure and irrecoverable VAT Expciiditure is r¢co8nts¢d once ther¢ is a legal or consts'ucts'v¢ obligation to make a paymthil to a third party, thaL is probable that sdllcmcnt Mq]I bc rcquircd and ihe amounl of th¢ obligation be measured r¢liably. Expenditur¢ AS ¢lassifi¢d und¢r th¢ folloming activity h¢adinEs: Costs of raising finids arc ihose associated with con&dtants ¢osls in rcsp¢¢t' of applying for varioL funding. - Costs of charitable aciivities ar¢ those associated TIlAth staff tinie, other rutining cosls and overheads asso¢iat¢d with carry]ng oiit th¢ day to day ny]ning of the charity, including the governance costs. Irnvcrabl¢ VAT is ¢harged as expense agaiiist actiwty for which th¢ cxpenth'turo aros¢. Lease8 Rcntals payable under operating Icases ar¢ ¢liarged to Statthiieftt of Finaii¢ial Activities on a siraigbt linc basis ovcr ihc p¢riod of tlic Irasc. Lcasc collimiln￿ntS are discloscd ill notc 19. Fixed asset5 and depreciation InvesLni¢nt. oth¢r property, iniew'al s￿1CC8, fixlwes, fitLings and ¢quipm¢nt are all stated al valuatirn moior vc]ll'cles are statcd al cost Icss accumulat￿ d¢pr¢ciation. Inv¢stsiienL properties are not depi'eciated. Depreciation of langible fixed assets is calculatcd to wriLe off their cost or valualion 1¢ss ajw residiMI valu¢ oirer their ¢stimated usefid liv¢s as follows.. Fieehojd land Buildings wid slTU¢ture 100 years straight lin¢ Inte￿al s¢rYAC¢S, fixturcs and fill'illgs 15 years straight line Offic¢ and oiher equipment 200/t) I'ediicillg bal￿]ce Motor vehicles 251J/o rediicing balanc¢ Car park l¢ase 10 years straighi line Assets under consttuction are not d¢preeialed until tliey are coniplcted. Ullrcatis￿ r￿all￿tIOn sains alld lossos are shown separately in tlie Slaiaiienl of Fintllicial Activities, ￿ld a tran&fcr duriiig the spear is iiMd# to/(from) llie rcvaJuati(A] res￿.1¢, ma.jor ¢xpenditur¢ wliicl) ¢Dliwices the value of thc biiildings. is capilaliscd in the balance th¢¢t. Any donat¢d assets ar¢ also capitalised. Th¢ i￿¢[l￿ ¢conomi¢ lif¢ of compo]icnls are roviciycd anllua 13 WIRRAL CHRISTIAN CENTRE TRUST LIMITED (a conipany limitd by guarantee) NOTES ON FINANCIAL STATFMENrs foi. the yeai" ended 31 March 2024 l Accounting poli¢i&4 (continued) Impa]rn￿nt An in]painn¢nl review is carried out by th¢ dir¢ciors if events, or changes in circwnslai)¢os, indicatc that llie carrsqng amoutrt ofihc fLmctional prop¢rty may not be recoverablo. Taxation Tlic company has d]aritabl¢ status ￿la is exempt from lax under Cojporation T&￿e8 Act 1988. Debtors, creditors, liabilities and provisions Ti'ad¢ and other debtors are recognised at tlie 5ettlenient tllhoimt di￿. Creditors and piovisions are re￿￿lSed wheft th¢ chartty has a present obligatioii r￿ultIllg froin a past event t]Mt ivill probably result in the tr￿]sECr of fijnds to a third party alld th¢ amount due to s¢tt]¢ th¢ obligaLion con b¢ measur¢d or estimated reliably. Credilors and proTrrysii)ns arc reCo￿lIsed at th¢ir seltlemait amowrt. Fees paid in advance Aiiy fees rcccivcd in advancc, will bc wrilt¢ll oif as doi]ations where they hav¢ not been ￿laIMed within 12 inonths of the end of the tenancy. The chatiLy will keep a record of the balance due to the fom]¢r r¢sidait and the adV￿]CeS wrAtt¢n off. Pellsion cont17butions Paiqnents into a defilled conts"ibutioLi sclieme are aeeowrted for on an accruals basis. Investnwrts Inveslinents are recogniscd inilially al cost and Silb￿quenlly ll￿Sur￿ at fair valu¢ with changes r¢cognised ill Not fair value (losses)Igains on inv¢stsnents' in the SOFA UDirJtYicted Fuiids Total 2024 2 Income from donations Funds 2023 Donatiolls 610 610 1,860 610 610 1,860 Uniwtiycted Funds R￿ti1£t¢rf Funds Total 21)24 3 ChA11table activities 2023 Residents, fees and respite Nurscry fees 1,315,626 1,091,758 1,315,626 1,091,758 1,033.011 951,315 2,407,384 2,407,384 1,984,326 14 WIRRAL CHRISTIAN CENTRE TRUST LIMITEID (a company limited by guarantee) NOTES ON FIP4ANCIAL STATEMENTS for the year ended 31 Mai'ch 2024 Utyreyttryet￿1 Funds Reytri¢t¢d Funds Total 2024 4 Investment lllcome 2023 nvestnmlt property rentals Ballk interest 37,164 37.164 34,167 37,168 37,168 34,167 The iiivesiment property income is wholly 8elleratcd from assets in thc UK. Unirstt,kte(I Resth,lete(I Funds Funds Total 2024 2023 S Other Funding Othcr 49,170 49,170 L2,183 35,496 18.140 12,183 12,183 49,170 61,353 53,636 UMiY4trkted Funds Re¥trleted Funds Total 2024 6 Raising funds 2023 PiDf¢ssional fees Unrestiicted Funds RestriLted Funds Total 2024 7 Charitable activities 2023 Salari¢slag¢noy - Caring and siujport Establ1th￿nt costs Trav¢1 and niotor Cxpcnscs Repairs and mainlaiance Depicciatioii on omned assets Loss Dn disposal of assets Bad &bts Salaries - Manageinent and athiiinisti'atioii Consuhancy C¢¢s and ¢XP¢llS¢S Officc costs Website costs Wasle disposal DoiiatioL8 Sponsorsliip Statf traiiiing and uniforii)s B￿lk cliargcs Gov¢rnance costs (iiot¢ 8) Interest payable (note 9) 1.415,400 318,705 10,073 41,823 61,715 36,1.11 2,668 1,451,511 321,373 10,073 41,823 61,715 1,289,970 227,945 14,858 50,717 50,757 376 (305) 112,171 26,075 26,350 (178) 128235 37.914 28,620 323 12,060 15,709 7,215 6,524 7,420 35,179 29,619 (l78) 128,235 37,914 28,620 323 12,060 15,709 7.215 6,524 7,420 12,074 6,000 8,590 8,694 29,383 30,107 29,619 2,156,356 38,779 2,195,135 1,893,762 15 WIRRAL CHRISTIAN CEIYTREI TRUST LIMITED (a company li]nited by guarantee) NOTES ON FIN.ANCIAL STATEMENTS foi" the year ended 31 March 2024 7 Charitable activities (continued) Included iii estabIishtncnl costs is £6,523 (2023: £3,153) of exy¢nditur¢ relating to inv¢stment prop¢rties. Included ill oifice costs is £2,938 (2023.. £4,398) for lease paymeiits in r¢spect of i¢lephon¢ equipment and £3.789 (2023.. £2.867) relating to photocopier leas¢ costs. tncludcd lli travel and motor is £3.851 (2023: £7,461) for vehi¢l¢ leas¢ paTrThents. iTnrests.l¢ted Funds Re5tr1cte Funds Total 2024 8 GovernRnce costs 2023 Leg21 aiid professI￿la1 fees AGww]twits' f¢¢s Ac¢oUllt￿1ts, fees - previous year Aiiditors, rcmuncration Auditors, reMUn￿all01l- previous y¢ar Fiiiance arrattgeinent and other Lif¢ insurance on loans 11,159 9.483 (17) 9,574 414 2,850 1,716 11,159 9,483 (17) 9574 414 2,850 1,716 8J42 7,995 164 8,786 200 1,824 1,872 35,179 29.383 UDre4hletcd Funds Re&ti4L*￿l Funds Total 2024 9 .Intei'e8t payable 2023 biterest Oll loans frott] HSBC lllt¢r¢sl on oth¢r loans alld finallcc In￿rC$1 on HM Rev¢n￿ lat¢ pa)mrnl 27,776 283 1,560 27.776 283 1,560 28,784 1,323 29,619 29.619 30,107 16 WJRRAL CHRISTIAN CENIRE TRUST LIMITED (a company limited by guarantee) NOTES ON FINANCIAL STATEMENTS for the year ended 31 March 2024 10 Salary costs Saiary costs 4nd nullth¢rof persolls ewpbyed C￿ltr£ICL all￿$¢d by d¢partm¢nt We￿ as £ollows'. 2024 2023 No Carcrs staff 84 nla 27 1,181,034 26,638 243,839 128,235 93 1,048,441 44,567 196,962 112,171 Siipport staff Athninistration siaff 29 117 1,579,746 126 1,402.141 Full tim¢ cquivalcnt ¢mploye¢ mwnbers 67 65 2024 2023 Staff costs for the above pcrsons Wages and Salarics Social se¢urity costs P¢llsion wsts 1.462,699 1,304,896 25,933 21,993 1,579,746 1,402,141 Paision ¢ontribiitions are paid into an ￿￿epe1]de1ttIY admiiiislcrcd, persollal pensirn) scheme. There wer¢ no en]ployees carniiig a salary iii oxcess of £60,000 in eill1￿ year, For payments to Trustees. see related party J]otc 21. 11 Net incomel(expenditure) foi. tbe year lliis is siai¢d after cbargl1￿.' 2024 2023 tkpr¢ciaiion Net fair value losses oil investments Loss on disposal ofasscts Aiiditors remuneration - audRt Opcrating Icase r¢ntals 61,715 50,757 376 8,786 17,981 9,574 10,578 17 WIRRAL CHIUSTIAN CENfREI TRUST LIMITED (a company Jimited by guarantee) NOTES ON FINANCIAL STATEMENTS foi. the year ended 31 M&i'ch 2024 Fixtures, Motor Fittings and Vehicles Equipment L&nd & Buildings Total 12 Tangible fixed assets Cost or valuation l April 2023 Additions Revaluatioll adjustrn¢nt (not¢ 22) Disposals 2.006,504 6,912 43,161 16,026 58,469 2,065.691 65,381 31 March 2024 2,(113,416 43,161 74.495 2,131,072 Depitcilltion l April 2023 Elimiiiated on revaluation (note 22) Charg¢ for year Disposals 175,409 35,637 4.585 215,631 45,851 1,881 13,983 61,715 31 March 2024 221,260 18,568 277,346 Net book amount 31 Marcli 2024 1,792,156 5,643 55,927 1,853,726 31 Marcli 2023 1.831,095 7,524 11,441 1,%50,060 Incliidcd in lh¢ valuatson of freelwld I￿ld and buildings is £1.531,052 (2023: £1,524,139) r¢latiiig to tli¢ C¢iitrc and £482,365 (2021,, £482.365) for Hope Hall niwstts,. The net book value of £1,792,156 (2Q23; £1,831,095) relates to the Centre £1.363,504 (2023; £1.391,455) and Hopc Hall nifjrsery *428,652 (2023: £439,640). Thc Centrc alld Hop¢ Hall Nursery wcre both revalu￿ late January 2020 to t1￿1r markei value. The valuations wcrc perEonned by Claire Duffcy MRICS and Darrell Noild MRICS of Pindcrs. The TrLlStees do i￿t bdi¢vo that thw¢ has bcoi a significant d]angc sincc that date except for an)r additi￿￿ in iheyeth. The Trnstees liave ¢stiillated that of the £1,531,052 valuation for th¢ Centre, £472,DOO relaits lo Ihe laiid vali￿. The historical cost of the lan4 bLllldiiigs llil¢gral ServI￿S anwunls to £1.045,855. Had tlie depreeiation been cliarged on this Iiistorical cost, it would all￿l￿t to £237.968. The Trnstces have cslimatcd that of th¢ £482,365 valuatson for Hop¢ Hnll £41,304 relatcs to the land value. The historical cost of tlie latt￿ buildings alld int¢gral services aniouttis i0 £492,752. Had tl d¢preciatioii bceii ¢I￿ged this bisloi'ical cost, it woidd ￿t￿Unt io £75,472. 18 WIRRAL CHRISTIAN CENTRE TRUST LIMITED (A company limrted by guarRntee) NOTES ON FINANCIAL STATEMENTS for the year ended 31 MArch 2024 13 Fixed asset investments 2024 2023 Investment propei'ty Valuation as at l April Additions - trallsfct lliarket value from Fixed Assets Additions - other Disposals Fair Vali￿ adJLiStment to investments 701,386 693,393 22,818 7,993 Vall￿tiOn as at 31 March 724,204 701,386 Histori￿ cost of llivestmeJit properl}, as at 31 1,663,954 1,641,136 The thr¢e (2023: thr¢¢) investment properties are siluated witlun the UK and ar¢ pritnarily held fo lliv¢stsncnl r¢lurll. Two of tlie investn￿li1 propcrtics (flats and shop) wer¢ revalued thi 1.3 January 2020 to their opcn markct valuc of £160,000 in total. This valuation was porfDriiitxl by C Arnisirong FRICS of BA ConMn¢rcial Cljartered Surveyors. The iticreas¢ in the valuation of £22,¥18 (2023: £7,993) is for capital improvanenis. The historica] cost of th iwo inv&8tnMit propcrti¢s anlljunts to £142,599. The Grade ll listed church (forjnerly kllowii as Oxton Gateway c￿￿Ch) was Tcvalucd 27th January 2020 to its opui market value of £525.000. This valuation was porforjned by D Neild MIUCS of Pillders. The Grade It listed Chwch MTas tr￿lS£crrC0 from fixcd assets a value of £580.000. The historical ¢ost ofthe Churcli is £1,521,355. Th¢ TnLsl¢es do not beli¢ve tlieiE has been & si￿1]fiCant change since t1￿ lastvaluatioll. Chai'ges The Tn￿te￿ of The National H¢ritag¢ Memorial Fund I￿]d a clillrg¢ ovcr O¥ton Gateway Chuycli, this acls as s¢curily should the Trnsi breath Ihe t¢nns of the grant contract in resi)eci of that buildl'ng. See Aote 16 for Additional infomation on charges. 14 Debtors 2024 2023 Trade d¢btors Odier debtors PrepaymeDIs 76,396 3,204 4,702 5C),165 2J94 4.007 S4,302 62,566 19 WIRRAL CHIUSTIAN CENTRE TRUST LIMITED (a company limited by guarantee) NOTES ON FtNANCIAL STATEMETrUS foi. the yeRr ended 31 March 2024 IS Creditors: amounts falling due within one year 2024 2023 BanlK overdrafts Tradc creditors Otlwr taxation and social secw.ily Other ￿edItorS md ac¢ruals Bank and Oth￿ loalls Net wages ￿]d pension 43.614 30,714 31,069 123,466 92,186 5.918 128,358 33,601 44,527 110,618 215,100 5,276 326,967 537,480 16 Creditors: ainounts falling due after more than one year 2024 2023 Bank", other loans and fllthncc 187,73.5 240,559 Tncludcd abovc is a loatt totslling £14,583 from HSBC, the interest on ihis lo￿] is 3 % over the bank's sterling base ratc. Th¢ tenn of thG loan is tivelve years from May 2012. Also Includ￿ ill the above is a lo￿] totallllig £208,725 from HSBC, tho int¢r¢st is J.50/0 over the bank's stcrIingba￿ rat¢. The t¢nll of th¢ loall is fourteen y¢afS and six inffliths from February 2016. Both of the loans from HSRC are seclliul on all of the ¢ompally'S present freehold and leasthold properties chatlels ￿]d debts. Mortgage of life policy in favour of wi￿1 Cl)ristiall Centre (Trust) Lin)ited ill r¢lation to a policy lield by one ofthe trustees. Also included above is a a b￿Ince back loai) outstanding of £26,613 iyliich IS Tq)ayable ovcr 5 y¢aTS from November 2021 at an interest ratc uf 2.5 /0 and a gre¢ii loan of £30,000 which ts tepayablc over a year from April 2024 at an iiitcTcsl ratc of 8.3ts/.. TIKse lo￿ a￿ not secured ￿} any of tljc Trnsts ussets. All loans and fjiianc¢ are rcpayable in llisLahnaits du¢ a8 follows: 2023 In onc year or less B¢tW¢PAi on¢ and two years Betweon two and five years Tn five years or i)￿re 92,186 49,482 134,003 4,1511 215,100 59,714 134,153 46,692 279,921 455,651) 17 Called up share capital The company is lin)ii¢d by guarthitee aiid does noi liave a SI￿re capital. 20 WIRRAL CHRISTIAN CENTRE TRUST LIMITED (a company limitsd by guarantee) IYOTES ON FINANCIAL STATEMENrs for the year ended 31 March 2024 BAllln£e l Apill 2023 Jncoming Itsouiyes Outgoing Fund Transfers B#lAu¢¢ ftt 31 March 21)24 18 Unitstrieted resei'ves liicon)¢ &nd exp￿IditUre R¢valuation reserv¢ 1.763,225 46,198 2,457,345 (2,156,356) (l.J27) 2,063,087 46,198 1,809,423 2,457,345 (2,15C?,3fj6) (1,127) 2,109,285 The balwice on th¢ revaluation resorve rcpresejits the total amoullt of fair value gains the Iwo sn￿ller investment properties at th¢ year elld which arc included in llotc 13. Balanee INcomittg l Aiiili 2023 veyollrcey Out¥tsi#g Fund Transfers HaI￿le¢ at 31 Mar¢h 2024 .Restricted r¢serve Jnclusive Ptactice Disabihty Access Fund Pupil I¥Cmi￿ll D￿latiO￿$ 36,111 1,762 11,297 (37,238) 1,127 1,445 25,707 3,207 35.463 (1,541) 27.152 49,170 (38,779) 1,127 38,670 Disability Access Fund Funthng for 3 to 4 year olds who receive Disabiliiy LiviD8 Allowance to support accessibih'ty of our s¢rviccs. Pupil Premium This is a payment allocated to funded children wliose personal circumstances have hit CeTtaill critcria. additional 60p p￿. hour is allo¢al¢d Lo ihe children fllid the s¢lLillg arc lo usc this additional [￿Id to SLiPPOrt the childrcn's provision wid educatioli. This can be I￿O￿gh ￿1¢ purclwc of r¢sourc£ts, training siaft and pot¢i)tialty employing additi￿la1 slaff. Inclusive Practice This is applied for on an individual basis for SEN Childr￿ wlio meet tlie tlrcshold for requirAng additional support. This fund if allocatcdlapprovcd is to be spent on enhan¢iog the siaff to dll]d ratios that th¢y Includ￿ within. This fund callnot be spent altcrnativety and is therefore apportioncd to salaries. 21 WIIIRAL CHIUSTIAN CENTRE TRUST LIMITED (a compllny limited by guarantee) NOTES ON FINANCIAL STATEMENrs for the year ended 31 March 2024 19 Opei'ating lease commitments 2024 2023 Th¢ Tn￿L hAS lh¢ following annual ConnniLLY￿]ts falling due as 8hi)wn: Ill one year or less Betwcffl) Lwo and five years More ihan fiv¢ yoars 8,184 9,300 8,184 17,484 17,484 25,668 In addition to the above, the Tiwt has a 10 y¢ar car park lease next to llic Nursery iii New Feny, tliis Icase has already becn capitaliscd and is iiicluded lll Ilote 12. 20 Commitments 2024 2023 Comn]itsn¢iits at l April 2023 Incr¢as¢ in coJnmitm¢nt Odier expelldItu￿ during the year 8.046 9,000 (954) c￿n￿[th]ellts at 31 March 2Q24 8,046 8.046 c￿nmith]eI1ts duc withiii one ycar Co]]]mitmwts due morc than on¢ ycar 8,046 8.046 8,046 8,046 T1￿ co1mttitm￿ts relate to th¢ Tanainiiig Nvindows aiid doors for the C¢ntre (£8,046). The outstanding fA)inmitm¢nts have iiot been provided for in th¢ fLnancial staleiiicirts as illw aTC oilly authorised and iiot colltracl¢d Th¢ ¢on]mitm¢llts will be funded by fr¢¢ r¢s￿¢S as tb4Yy bwomc avallable. 21 Related paities Comtrol T1￿ company is coiitrollcd by its directors wliose namcs are sl)own on the inforniation pagc on pagc l. The directors ar¢ also the trustees of ihc cliaTiIy. 22 WJRRAL CHRISTIAN CENTRE IRUST LIMITED (a company limited by guai'antee) OTES ON FINANCIAL STATEMEf4TS for th¢ year ended 31 March 2024 21 Related parties (continued) Transactions with related parties i) DLifjllg Lbo year, the wife and daughtor of P A Ep￿ty the wife, soil of R Fish¢r, the wifc of G Epton wcre all eJiiploy¢d by the irust. Each of the rclaled parties salaTies wcrc set at a c￿￿7]ercIal rate. They are not ablc lo us¢ thell positioll to their advantage. Th¢ amounts involved wcre as folloivs,. Gross salary Employers NI Pension Benefit in kind E J Epton V R Fisher E B Eptoii 9,736 6,103 2,601 1,984 651 26,861 87.718 8,704 2,635 V Fishcr r¢￿1Ved ¢hildcar¢ for onc chTld wliich is a D(Mi thxablc b¢n¢fit, ii) As pemjitted b), the Charitils memoraidum and ￿￿CleS, during the year und¢r r¢viow, P Epton reccTvcd £29.514 from the Charity for Considt￿lcY fe¢s (2023.. £21,175), and travej expcnses were £nil (2023..£illl). G Epton r¢c¢ivcd £8,400 from the Charity for c￿lSultanCY fees (2023.. £4,900). and travel eKP&]ses Ivexe £nil (2023.,&]il). No odw Trustec8 rcccivcd any cxpcnscs during thc ycar. Ill) As al 31 March 2024, Th¢ Trust owed P Eplon £4,374 (2Q23:£10.374) ithich was th'sclosd in nolt 15, due witljin one year. There was no interesi diarged thiring th¢ ￿ar (2023'.£nil). iv) P Epton and G Epton are also the directors of Wirral Christiaii Liinitcd (con]pany iiuinber 04150016). E Epton (the wife of P Epton) is also a director. Althougli the company is still TegiSt￿ed at Cojnpanies Hous¢ and th¢ Charity commissio￿ it ceased to trad¢ on 31 Jalluary 2015, and has bcen dOrn1w￿ sincc that date. The Trust paid £40 in respect 0£ ¢xpons&8 for the company lli the forni d. Coiiwanics House fc¢s. v) All of tb¢ dir¢ctors of tli¢ Tn￿t ¢onll¢dcd to WirA'al Cbjisiian Celltre Churcli (Ilie Cliiwch), wliidi is part of Elim church (IIONV oalled GateH•y Chwch Wirral). Diiriiig tlic ycar, Tlic Chiirch rented the GTadc II listcd church biiilding for £36,000 p.a. (incllided in Irnt from iJ)Vesttn￿its, nolc 4). In tbc opiiiioii of Pilldcrs who valued th¢ propcrty in Jaiwaty 2020, tl Jllarlrt valu¢ of tli¢ rejrt tlffit could be acliioved is £48,000 p.a. Duriiig Uie year, The Trust donated £12,000 to the Galewiy Chw¢h Wirral.