WIRIL4L CHRISTIAN CENTRE TRUST LIMtTED (a company Jimited by guarantee) FL¥ANCIAL STATEMENTS 31 LRCH 2025 Registered Number . 02088322 Registered Charity Number . 700269 HAILWOOD & CO CHARTERED ACCOUNTANTS Moreton, Wirral
WIRRAL CHRISTIAN CENTRK TRUST LIMITED (a company limited by guarantee) FINANCIAL STATEMENTS for the year ended 31 March 2025 COIYIENTS Page Company infonnation Trustees, annual and 8trategic t4)ort 2to5 Independent auditor's report 6to6b Summary income and expenditure acLount Statement of recognised gains and losses Note of histoiical cost gains and108se8 Staternent of ffftallcial activities (including income and eKp¢nditure accounl) Balance sheet Statement of cagh flows 10 Notes to the financial statetncnts Ilto22
WIRRAL CHRISTIAN CENfRE TRUST LIMITED (a company Ilndted by guarantee) for the year ended 31 March 2025 Incoorated in England and Wales on 12 January 1987 R¢Stered Number . 02088322 Restered Clwity Number . 700269 DIRECTORS G Epton {Chairman) P Epton Dr A K Adegokc Dr O S Ke]]inde I Jacl<son M JanS REGISTERED OFFICE Woodchurch Road BIrlnId WI1 Merseyside CH412UE ACCOUNfAI¥TS Hailwood & Co Chartered Accountants 392-394 Hoylake Road MoIeton Wirral CH46 6DF AUDITORS Michael Donnan & Co Limited Chartered Accountants Registered Auditors Office 25 Oaktree Court Business Centr¢ Mill Lane Ness, Cheshire C1164 8TP BANKERS HSBC POBox7 52 Hamilton Street Birkenhead Wirral CH415AE SOLICITORS Lecs & Partners 44-45 HnIltOn Square Birkenhead Wirral CH415AR
WIRRAL CHRISTL4N CENTRE TRUST LIMITED (a company lfinifited by guarantee) FOR THE YEARENDED 31 MARCH 2025 TRUSTEES, ANNUAL REPORT AIYD SIRATEGIC REPORT Th¢ Trustees present their report and the audited fuwicial statements for the year ended 31 March 2025. The TNstees have adopted the provisions of the Statsment of Recommended Practic¢ "Accounting and Rcporting by Charities (FRS 102)" (the SORP) in prepltig the annual report at fjnancial statements of th¢ charity. The fmancial statements have been prepared in aocordance with the accounting policies set out in the notes to the accounts and comply with the oharitls governing document, the Charities Act 2011 and Accoullting alld Reporting by Charitie8'. Statement of Reconllnended Practice applicable to charities preparing their accounts in acoordallce with the Financial Reporting stalards applicabKc in the UK and Republic of Tr¢land published in October 2019. The presentational currency of tbe financial stat&nents is the Pound Sterling (£). Transactions are rounded to the llearest £, Structure, Governance Pand Management Conslitulion and organisation The registered name of the Charity is Wirral Cl]ristian Centre (Trust) Limited, charity number 700269, company number 02088322. All the Trustees who senTed during the year are tisted on pagc l of the accounts. Detalls of the registered office and the CharitYs profe88ional advigers are also listed on page I of the accouits. The charity is an incorporated association and is governed by its memorandum and articles. Tn4Stees There were six director8 during the year. The Chairman reeeives a consultancy fee for work in this capacity, and aL'ts as, the PTillLipELI reference for the Chief Executive Officer in her role. The directors are consulted over all new expenditure in excess of £3,000. Decisions related to smaller amounts above £1,500, or new contracts which will atnoun.t to more than this Sum, are inade by the Chief Executive Officer with reference to the Chair. Rev G Epton continued to act as ChaiT since July 2022, with the fornier Ch£iir, Rev P Epton on the board in the capacity of Treasurer, Method of appoinlrnent New tn]stees are appointed by the existing trustees based on their ability to benefit the organisation with their skills and l(nowledge. A skills audit of the Board has been completed and a new Trustee .Paclc prepared. New m¢mbcrs 'e currently being approached with a view to seNing in the coming Ye., Risk Alanagemen( An ongoing review of all risks related to the depattments of the work of th¢ cliaiity are asqessed and in co-operatioll with advi80rs addressed.
WIR114L CHIUSTIAN CENTRE TRUST LIMITED (a coinpany ]inJited by guarantee) FOR THE YEARENDED 31 MARCH 2025 TRUSTEESI ANNUAL REPORT AND STRATEGIC REPORT (conthnued) Objectlves and Acthlltles CAaritL7ble objectiv - The objects of the Charity, in the following order of priorlty, are., The care for tbe elderly. - To provide day care for childrell. - To provide gocial care for the needs of the community. To support other charities in the UK and abroad in relieving the needs of the poor and encouraging programmes of care and education. Tn planning our activities for this year and future years we keep in mind th¢ Charity Conunission's giiidance on public benefit. Strategic Report . Achfievements and Performance After the years of stabilisation folloffiing Covid, aa the 40th anniversary year of the Trust in 2023, the past year has been a year of SilfIcant develOpnlt and 0rth in all areas of operation. Across the TrLiSL our THRtVE values have been further embedded, with management teams shaping their transmission. The staff teams are benefitting from the flourishi1 of the organisational culture, and this is infoming our c()mrnunicatioJJs and strategy for the future. In the care home, this culture is otte of openness, excellence and genuine care, and the Trust ha8 seen the whole team rise to the standards expected. The home contitiues its programme of improvemetsts, with many rooms renovated and decorated enabling continued oWth ill otcupatw. The care home was assessed by thc local airthority in Janiiary 2023, and was rated a good homc, The honie awaits a CQC inspection under the new framework. This has bcen rq)licated across the Gatering department, with a ghlY skilled and caring team, and ill O maintenance department, with Olir maintenance tLanager joined by a main.tenlce assistance enabling ongoing work across the estate. The nurseries remain highly attractive, with ongoing investment in rooms and gardens at both site8. Of8ted ijjspected the Bixkcnhead setting on 2 May 2023, and rdted the setting as good The New Ferry setting was also inspected on 12 October 2023, and also rated as goo(L The rollout of government fidIThg for nursery provigion has been integrated well in our settings, and bas enabled ftew clients to acces8 our serviccs. In addition to the group-de Nursery Development Manager, the Tru8t has added a group-wide Education Manager, and this extended n]Émagemenl tedn Ive supported th¢ setting rnallag¢ment teams to improve our provigion in all areas, Along with the new nurs¢ry managoment software perfornwice and commimication Iw improved across the settings, kind customer relations are excellent. Our exceptional SEN work have been inu)roved with internal proinotioiis, and significant inv&sknent in our facilities, training and resources have si outcomes for our children continue to iinprove. Principal Rlsks The principal risks facing the Chaiily all st from operating in two hcavily Tegulated sectors. Meeting the standards requires competent managemenL well trained staff and excellent facilities. The CULTent publishcd good ratiiigs llke it easier to mitigate the risk of being Lurable to recruit and retain quality staff. Ir addition, good ratings in local authoi'ity inspections mitigate risk WAth regard to our regulators as the Trust contijwes to meet the 8talld8rds indicated. Sound financial plalg and asset matMgement helps mitigatc the i'isk that facilitics are not maintained to the highest possible standard. The rdtings also help (trive occupancy and attendance lttvels, whicb in provid¢ the financ¢ Deeded to retain staff and mainlain our pren]ises.
WIRK4L CIIRISTIAN CENfRE TRUST LIllllTED (& company lin)ited by guarantee) FOR THE YKAR ENDED 31 MARCH 2025 TRUSTEES, ANNUAL REPORT AD STRATEGIC REPORT (continued) Fundralslng Th¢ Charity ]]a8 not carried out any sigttificant fundraising activities during the y. Financial Review ThAs year reported a surplus of income over expendittwe of £71,433 (2024: £311,3 80). The c108ing re3erve8 amounted to £2,219,388 (2024., £2,147,955) which included £39,6 17 (2024.. £3 8,670) of restiicted reserves, £0 (2024: £46,198) of propety revaluation resetves and the Temaining £2,179,771 (2024: £2,063,087) was UDrestricted reserves. DDnaÉion There has been a donati] of £60,108 to Gateway Church Wirral (forrrkerly as Wirral Clristian Centre Church - Elim). RelatedPattieN The related partie8 of the Trust incliide the directors who served duLing the year, whose names are shown on page I to the account8. Related party transactions are disclosed in note 21 to the financi&l statements. Reserves Policy The cbarity has negative free reserve8 of £167,578 {2024.. £234,922) but the board is Working towards creating liquid reserves. Once the Trust has built UP Te8ce8 in the futLtr4 it will set the8¢ aside to covgr tbre, months of salaries, tmd for the continuing maintenance of the buildings. Investment Powers, Policy and PErformance We shall continue to 8UPPOrt those in training NVQS and also Degrees. All staff at every level are alld will continue to have relevant training related to their area of WOTk. The Trust CntInUe to ONvn two residential flats and a shop. The Gate, operated by GateNvay Church Wittal in the shop premises, continuas to operate well as a con]munity hub and social SUp.MdkCt for the local community. Works undertaken to Tenovate the shop and flat premise8 have been completed, increase their value as assets lo the Trust, in use for the coTDmunity. The Trngt mack us¢ of the bank overdraft faciEity pr#viously negotiated as we progressed towards better liquidity, and has ftilfilled its aim to see th¢ use of this to Threll below the £160,000 limit. Diie to the consistent levcls of residents cind nuTsery clients, the Trust is consistentlt in a positive balance, which has grossn diuitig 2024 and Gontiniies to do so in 2025. Having cleared the main mortgage loan in April 2024, the Trust has further impioved the day to day fitLancia situation and enabled reserves to be built up. The loan on the New Fery property continues to reduce well, alld other task specAfic lendxng is paid down in advance of schedule. The Trustees tberefore believe that it is appropriats to prepare the ftt)ancial statements on a going concer basis.
WIRRAL CHRISTIAN CENTRE TRUST LIMITED (a company lftmlted by guarantee) FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES, ANNUAL REPORT AND STRATEGIC REPORT (continued) Future Plans and Rlsks The CEO and organisation continue to make improvements to both the hom¢ and the nurseries. The Trust ha: seen significant mitigation of ¢n¢rgy cost rises following the solar energy installation of Spring 2024, which also reduce8 our carbon footprint, The Trnst's banlc bas made fillances available for this work, which has been repaid in full due to the financial benefit. Large scale fue con]pliance workg have also becu undertakeffj includillg llew fire escapes, also facilitated by finances from thc Tnist's bank which are being paid down in advance of expedation. Further baDlc fa,]Ity will be sought to complete these work8. The Trust review of its heating plant and systa]]s is oftgoing, with a view to work con]meneing in Summer 2026, The planned changes will have significant cosl facilitated by th¢ Trust's ban14 but will also enable significant ci>st r¢dLictions due to the resultant improvements in efficiency. Other The charity constite8 a piiblic benefit entity as defined by FRS 102. Statement of Trugtees, Respon%ibilitie8 The trn8tees (who are also the directOT8 of Wirral ChristÈan Centre TTLt Lijnited for the purpos¢8 of company law) are responsible for prq)aring the Trustees, Annual Report (including the Strategic Report) and the financial statements in accordance with £lpplicable law and Unit&l Kingdom Accoimting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the dite¢S to prepare the financial st84tements for each financial year, which ve a trne and fair view of the state of affi< irs of the charitable cotr]pany aThd of the incoming Tesources and applicatton of resources, including the income and expellditure for that period. In preparing thege financial statements, the trustees are required to: s elect guitable accounting policies and apply them Consistently. observe methods and principles in the Charities SORP 2019 (FRS 102),. make judgements and estimates that are reasonable and prudent- state whethcr UK appli¢abl¢ accowiting standards havc been followed, 8ubject to any material departlircs disclosed and explained the fit]ancial Statellnts. preparc thc finiÉncial ststcnnts on the going concem basis unl¢ss it 18 inappropriate to presume that the Charity will continue in operatiotL The trustees are responsible fol Iceeping adequate accoiinting records that disclose WAth reasonable accuracy at any time tbe f1claI position of the charitable company aiid enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hcncc for taling reasonable steps :for the prevention and detection of fraud and other irregularilies. Tn so far as the tkustees are aware: there is no relevant audit infoLTration of which the charAtable compan3ls auditor is unaNvare' the trustees havc takcn all steps that they ought to have taken to malc¢ themselve8 awar¢ of any relevant audit inforn]ation aiid to establish that the auditor is aware of that infonnation. Auditors Michael Donnan & ,Co Limited have offered themselves for reappointment as aiiditors of the Charlty for the year ended 3 1 March 2025. On behalf of the Board Rcv G Epton Chairman 19 Deccmbttr 2025
(a company limited by guarantee) INDEPENDENf AUDITORYS REPORT For the year ended 31 March 2025 Opinion We have audited the financial staternents of Wirral Cknistian Centre Trust Limited (the 'charitable company,) for the y&qr ended 31 March 2025 which comprise the Summary Income and Expenditure Account, the Statement of Financiaj ActivAties, the Balance SheeL the Statcment of CGish Flows and notes to the financi statements, including significant accounting policies. The financial reportillg framework that has been applied in their preparation is applicable law and United Kingdom Accounting incliiding Financial Reporting StarAdard 102 The Financial Reporting Standard applicable in the UKand Republic oflreland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: give a true and fair view of the state of the charitable company's affairs as at 31 March 2025, and of its incon)ing resources and app]icaiion of resources, including its income and expenditure, for the year tIM ended. have been properly prep?d in accordance with United Kingdom Generally Accepted Accounting Practice. and have been prepared in accordance with the requiremcnts of the CompaDies Act 2006. Basis for opinion We conducted our audit in accordance with International Standardg on Auditing (UK) (ISAS IUK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial stateinents section of our report. We are independent of the Chitable company in accordance with the ethical uirements that are relevant to our audit of the flnancial statements in the UK includillg the FRC'S Ethical Standard, and we have fulfilled our other ethical respn8ibi]ities in accordance with thsse requirennts. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conchjsions reJAling to going concern In auditing the financial statements, we have Collcliided that the trustees, use of the going conc£tn basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have rfOrMed, we have not identified any Materi uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial stateiDents are author.ised for issue. Our responsibilities and the Tesponsibilities of the ttiistees with respect to going concern are described in the relev3llt 8ections of this rewrt. Other inforniation The other infom]ation comprises the inforniation included in the trustees, annual repor¢ otber than the financial siatements and our auditor's report thereon. The trustees are responsible tor the other illfornThtion contained within the annual reporL Our opinion on the fllwicial statements does not cover the other inf'omation and, except to the extent othernvisc cxp]icitIy stated in our report, we do iiot express any fonn of assurance conclusion tbereon. Ourresponsibility is to read the other InforntiOn and, in doing so, consider whether the other infonnation is nTrterially inconsistent witli the financial statements or our knowledge obtained in the course of the al1t or othenvise appears to be materially rnisstated. If we identify such material inconsistencies or apparent materi8J misstatements, we are required lo detem]ine whether thi8 gives rise to a material missLQement in the financial statements themselv&s. If, based on the work we have perforine& we conclude that there is a material n)isstatement of tl]is other inforniation, we are required to report that fact. We have nothing to report in this regard.
WIRRAL CHRISTIAN CENTRE TRUST Lll (a company limited by gu8rnntee) INDEPEND AUDITOR'S REPORT For the year ended 31 March 2025 Opinions on other matters prescribed by the Companicg Act 2006 In our opinion, based on the work uttdertaken in the course of the dudiL' the inforn]ation given in the trustees, report incorporating the strategic report and the directors, report prepared for the puryoses of company law, for the financial year for which the financial statements are prep is consistent with the financial statements. and the strategic report andthe directors, report included within the trustees, report havebeenprepared iJ] accoidance with applicabIe legal r4uirements, Matters on wbich we are required to report by exception In the light of the knowledge and understanding of the chEllitable comp8ny and its environment obtained in the course of the audiL we have not identified materi81 miSstatemeJ in the ststegic report and the directo, report included within the trustees, report. We have nothing to rq)ort in Sct of the following matters in relation to which tbe Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kepL or returns adequate for our audit have not been received from bratlches not visited by us. or thc financial statlents ate not in awment with the accounting records and retiirns. or certain disclosures of directors, remuneration specified by law are not made; or we have not received all the infonnation and explallations we require for our audit. Responsiblities of trusteeg As explained morethlly in the tritees, Thpon8ibilities statelnent set out onpage 5, the tntteS (who also the directors of the charitable conwany for the purposes of company law) are responsible for the preparation of the financia]. statements and for being satisfied that they give ailiie and fairview, and for such intemal control as tkn tsustees deterniine is llecessary to enable the preparation of fuClaI statements that aTe fe from rnaterial misstatemenL whether due to fiaud or ermr. In praring the financial statements, the tnistees respon&ibIe for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting iudess the tsustees either inteiid to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the finallcial statements Our objectives are to obtain rvasonable assurallce aboutwhether the financial statements as awhole are free from material mi&statemen¢ whether due to fraud or enDr, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an alldit conducted in accordance with ISAS (UK) will ajways detect a material misstatement when it exists. Misstateinents can arise from fraud or error and are considcred ]naterial if, individually or in the aggRgate, they could aSOnablY be expected to infiuence the economic decisions of iisers tsken on the basis of these financial statements. Irregularities, IncliIllg fraud, are instance8 of non<ompliaJ]ce with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect mateiial misslatements in resCt of irregulltie8, including fraud. The extent to which our procedures are capable of detecting irregularities, iiicluding fraud is detailed below: The objecLives of our audit are to identify and asses8 the risks of mateiial n]isstatement of the financial ststeineDts due to fraud or error. to obtain sufficient appropriate aiidit evidence regarding the assessed risks of material rnisstatement due to frdud or error, and to respond appropriaiely to those risks. Owing to the inherent limitations of an audiL there is an uTrivoidable risk that we will not detect all irregularitias, incIuding those leadillg to a material misstatements in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is rcmoved fron the events and transactions refleLted in the'fmancial statements, as we will bc less likely to become aware of instances of non-compliance. The risk is also greatei regarding legUlarlttes occurring diie to fraud rad]er tl]an emr, as fraud involves conceahnenL forgery, Colli10, on]ission or misrepresentation.
WIRRAL CHRISTtAN CENfRE TRUST LIMITED (a company limited by guarantee) INDEPENDENf AUDrroR'S REPORT For the year ended 31 March 2025 In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non- compliance with laws and regulations, our procedures included in the following: We obtained an understanding of the legal and regulatory fratneworks applicable to the company and the sector in which they operate. We detennined that the following law5 and regulations were most significant: The Companies Act 2006, the Charities Act 2011, the Health and Social Cate Act 2008 (Regulated Activities) Regulations 2014, the Cate Act 2014, the Childcare Act 2(KJ6, the FAlucation Act 2005 and the UK atiOn laws. We obtained an understanding of how the company is complying with those legal and regulatory frameworks by making inquiries to the managemenL We assessed the susceptibility of th¢ Company's financial statements to material misstatemenL including how fraud might occur. Audit procedures performed by the engagement team included: identifying and eSsing the design effectiveness of controls management has in place to prevent and detect fraud. understanding how those charged with governance considered and addressed the w)tential for override of controls or other inappropriate infiuence over the financial reporting pr(ess. challenging assumptions and judgements made by management in its significant accounting estimates. identifying and testing journal entries, in particular any journal entiies posted with unusual account combinations. and assessing the extent of compliance with the relevant laws and regulations. A further dcscription of our responsibilities is availableon the Financial Reporting Council's website at: htt s.'/lwww.frc.oi".uK/or-w0rk/Alldi1/Alldl[and-l8$UrMLe1st1d'dsd-uUI(LV]ce1SLidarlL_and-0uIdCe-f0r- aiiditoi's/Auditois-IEs onsibilities-for-auditlDescii tion-of-audiiors-res nsibililies-for-audit.as This description forn part of our auditor's report. Use of our report This report is made solely to the charitable company's members, &s a body, in accord]Ce with Chapter 3 of Part 16 of the Companies Act 2006. Our audit WO has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent pemiitted by law, we do not accept or a&sume reswnsibility to anyone other than the charitable company and the haritable cotnpaTJy'S members as a body. for our audit work, for this report, or for the opinions we have formed. Michael Donnan Bsc (Hons), FCA, AMIMechE (Senior Statutory Auditor) For and on behalf of Michael Donnan & Co Limite& Statutory Audltor Oaktree Court Business Centre Mill Lane Ch&shire CH64 8TP 1 g December 2025
WIRRAL CHRISTIAN CENfRE TRUST LIMITED (a company limited by guarantee) SU1(ARy INCOME AND EXPELNDITURE AccouNr for the year ended 31 March 2025 Note 2025 2024 Income Net fair value (losscs)/gains on investments Interest and investment income 2,712,362 2,469,347 13 58,301 37,168 Gross income 2,770,663 2,506,515 Expenditure Interest payable Depr¢oiation and in]paitmcnt ch8tges 2,612,698 18,328 68,204 2,103,801 29,619 61.715 Total expenditure 2,699,230 2,195,135 Net incomel(expenditure) (pAge 8) 71,433 311,380 STATEMENT OF TOTAL RECOGNISED GAINS AYJ D LOSSLS for the year ended 31 March 2025 2025 2024 Net inconr/(expenditure) (page 8) UTJTealised Ooss) on revaluation of fLmCtional PToperty 71,433 311,380 12 Movement in reserves 71,433 311,380 NOTE OF HISTORICAL COST GAINS AND LOSSES for the year ended 31 March 2025 2025 2024 Repi)rted surplu81(deficit) on ordinary activities Difference between a hÉstorical cost depreciation charge and th¢ actual depreciation charge of the yeaT calculated on the revalued amount 71,433 311,38Q Historical cost sUlUsI{def1cLt) on ordknary activities 71,433 311,380 DLuitig the year restricted income amounted to £38,071 {2024: £49,170) and Tcstricted expenditure amounted to £37,124 (2024: £38,779). The restricted reselves Gartied forward amoimted to £39,617 (2024.. £38,670) after a £0 (2024: £1,127) transfer from unrestricted reseryes. None of the companls activities were acquired or discoiit1nid during the above two financial years. The summary incorn¢ and expenditur¢ account is derived £TOm the statement of finallcial activities on page 8 which together with the notes to the accounts on page8 1 I to 22, provides fiill infortnation on the movemellt of fiinds during the year.
WIRRAL CHRISTIAN CENTRE TRUST LIMITED (a company lixnittd by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (Including income and expenditure account) for the year ended 31 March 2025 Unrestricted Restrlcted Total Funds Total Funds Funds Funds 2025 2024 Note Income and eDdowments from: Donations Charitable activities InVestnllts Other 550 2,652,141 58,301 21,600 550 2,652,141 58,301 59,671 610 2,407,384 37,168 61,353 38,071 Total Income and endowments 18 2,732,592 38,071 2,770,663 2,506,515 Expendlthre on: Rai8illg funds Charitable activitics 2,662,106 37,124 2,699,230 2,195,135 Total expenditure 18 2,662,106 37,124 2,699,230 2,195,135 Net fair value (losse8)Igains on iThvesttnent 13 Net incomel(expenditure) 70,486 947 71,433 311,380 Transfer bettveen funds Other reeognised gainsl (losses): Unrealised (loss) on revaluation offunction&l property 12 Net movement In funds 70,486 947 71,433 311,380 Reconciliation of funds: Funds broUt foThvard 2,109,285 38,670 2,147,955 1,836,575 Funds carried forward 2,J79,771 39,617 2,219J88 2,147,955 None of the conwany's activiti were acquired or discontinued during th¢ above two fmancial years. The Statement of fInancial activitieg includeg all gains and losses recognised dilg the year.
WIRRAL CHRISTIAN CEN'TRE TRUST LIMITED (a company limited by guarantee) BALANCE SHEET As at 31 March 2025 Note 2025 2024 Fixed assets Tangible assets Investments 12 13 1,854,095 732,486 1,853,726 724,204 2,586,581 2.577.930 Current assets Debtors Cash at bank and in hand 14 100.131 43,971 84.302 425 144.102 84,727 Creditors: Amounts falling due within one year 15 (356.529) (326.967) Net current liabilities (212,427) (242.240) Total assets less current liabilities 2,374,154 2,335,690 Creditors: Amounts falling due after more than one year 16 (154.766) (187.735) Net assets 2,219,388 2,147,955 Charity Funds Unrestricted reserves.. Income and expend]Te Property revaluation reserve Restricted rc5crves 18 18 18 2.179.771 2,063,087 46,198 38,670 39,617 2.219.388 2,147,955 The notes on pages I I to 22 form part of these financial statements. The financial statements on pages 7 to 22 were approved by the board of directors on 19 December 2025 and signed oll its behalf by: Dtrector Rev G Epton Director Rev P Epton Registered Number . 02088322
io WIRIIAL CHRISTIAN CEIYTRE TRUST LIMITED (a company limited by guarantee) STATEI¥IENT OF CASH FLOWS for the year ended 31 March 2025 2025 2024 Reconciliatlon of net income/(expendlture) to net cash flow from operating activities Net illcoJn&{expenditure) for the year (page 7) 71,433 Adjusttnents for.. Depreciation cbarges Net fair value losse8 on inv88tments Interest and rents from illvestmcnts Illterest payable Lossl(profit) on disposal of fixed &88Cts Decreas&l{increase) in debtors (DecTease)lincrease in creditors 311,380 68203 61,715 (58,301) 18,328 (37,168) 29,619 (15,829) (33,104) (21,736) (2,855) Net CY4sh flow from operating activities 50,730 340,955 Net cash flow from operating activities: Cash flow from investing activities: Payments to purchase property, plant and eqiilpnllt Payments to purchase otha. assets (Payments)Ireceipts on investments Rents received froEn inv&stment properties (Expenses)Iproceeds on the sale of other fixed assets 50,730 340,955 (68,572) {65,381) (8,282) 58,301 (22,818) 37,168 Nel cash flow from investing activities: (18,553) (51.,031) Cash flow from fillanefing actlvities Receipts from issue of borrowing tnterest paid Repaytrkents of borrowing (18,328) (29,619) (40,689) (175,738) Net cash flow from financing activities (59,017) (205,357) Net Increasel(decrease) An Cash and eash equlvalents (26,840) 84,567 Cash and cash equivalents at l April (43.189) (127,756) Cash and casli equivalents at 31 March (70,029) (43,189) Cash and casli equivalents corJSiSt of: Cash at bank and in Iw]d Over(Irafts inclLided creditors falling due within one year (note 15) 43,971 (114,000) 425 (43,614} Cash at bank and in hand Ress overdrafts (70,029) (43,189)
11 WIRRAL CHIUSTIAN CENTRE TRUST LIMITED (2 company ]Imfited by guarantee) NOTES ON FINANCIAL STATELENTs for the year ended 31 March 2025 l Accounting policies General Infornvdllon and basls of accountlng The cbarity Collstitutes a public bellefLt entity as defwed by FRS 102. The fmancial statements have been prepared in accordance with Accoullting and Reporting by Chariti&q.' Statement of Reconimendcd Practice applicable to charitle8 preparing thcir accounts in accordanc£ with the Financial Reporting Standard Reporting Standard applicable to UK and Republic of Ireland (FRS 102) issued in Octob 2019, the Financial Reporting StandaTd applicable in the United Kingdom alld Republic of Ireland (FRS 102), the chtieS Act 201 I, the Companies Act 2006 alld UK GeneL211y Accepted Practice. Wittal Cl)ri8tian Centre Tnjst Limited is a charitable company incorporated in England. In the event of the charity being wound up, the liability in respect of the guatantee is limited to £50 per member of the charity, The address of the registered office is giv¢n in the charity infomation on page l of these fmancial statements. The nature of the charitjls operations and principal activitieg arc disdosed within the Trnstees Report. The financial statct]Mits have beeft prepared on a going concern basis under the historical cost accounting rules as n]odified to include certain items at fair value. The fmancial statements are pr&8ented in sterling which AS the functional currency of the charity alld rounded to the nearest £. The significant accounting policies applied xn the prq)aration of th¢8¢ fmancial statements are set out below. Going Concern As noted above, the financial stat¢ments have been prepared on a going conccrn ba8is which assume8 that the ChltY is able to meet its financial obligations as they fall due for a period Df at least 12 months. Fullds Unrestricted fillths are available for use at the diqcretion of the trustees in furtherance of the general objectives of the chatity and which have not been designated for other purposes. Restricted fllt are fillids wlllch are used lli accordance with specific restrictions imposed by donthE or which have been raised by the charity for particular purposes. The use of each restricted fLa is Set out in the ttotes to the finallciai statements. Income recogThition All incoming resourc&g are recogmsed in the Statement of Fin1ClaI Activitics (SOFA) when the charity has entitlement to the fLmds, ally perfOrnllCe conditions attsched to the item(s) of income have bee met, it is probable that tbe Incoll will be i"eceived and the ount can be measured reliably. Grant inconie Is recognised when tlie charity has entitlement to the fi]nd8, any perfom]ance conditions attached to the grants have been mel it is probablc that the iftcon]e will be received and the amowit can be measured reliably and is not deferred. Grants are eithcr disclosed as restricted or unrestricted income depending on whethei there are various conditions attached to thc spending) the related expellditure is treated in the same way slwillg any ullspellt gr8J]t as &qmed foNwrd.
12 WIR114L CHRISTIAN CENTRE TRUST LIMITED (a company linjlted by guarantee) NOTES ON FINANCIAL STATlENTs for the year ended 31 March 2025 l Accounting policies (continued) Income recognition (continued) Rental and care income from the residential home, nursery fee8, donations, rental incon, other income and interest receivable are recogllised when it is probable that the income will be received. Donations e treated as unrestiicted iin1¢8s the donor specifi&s what the donation is to be spent on. Investsnent income is earned tbrough holding assets for illVCStmellt Purposes such as property, and this includes rcnt, The investment management costs relating to the rcntal income have been identified in note 7, Donated facilitie8 and profe8sional services are recognised in incom¢ at thcir fair value when their econotnic benefit is probable, it can be measured reliably and the charity has control over the item, Fair value is deterniined on the basis of the value of the gift to the charity. For exkwiple the amount the Charity would be willing to pay in charity. Fot aMple the amount the charity would be willing to pay in the open market for facilities and services. A COkTesponding atnount is recognised its expenditure. Income and cKp¢nditure are included in the fitla1 statements on an accruals basis. Expenditure and Arrecoverable VAT Exponditure is reCOlSed Ollee tELere is 8 legal or constwctive obligation to n]ake a payment to a third party, that is probable that settlement will be required and the amoiint of the obligation can be measured reliably. Expenditure is classified under the folloviing activity headings,. Costs of raising funds are those associated with consultants costs in respect of applying for various fiuiding. Costs of charitable activities are tknse associELted with staff time, other rutsnitsg costs attd overheads associated with carrying out the day to day n]i]ning of the cli&rity, including the governance costs. Tecoverable VAT is charged as an expense against activity for which the cxpeiiditure aTOSe. Leases Rentals payable under operating leases aTe charged to the Statement of Financial Activities on a straight line basis over the period of the lease. Lease commitmettts are disclosed in note 19. Fixed assets 2nd depreciation Tnvestnient. other property, integral services, fixture8, fittings tllid equipment are all stated at valuation, motor vehicles are 8tated at cost l¢sg accumulated depreciation, Inve8tn]ent propei'tÉe8 arc not depreciated. Depreoiation of tangible fixed assets is calculated to write off theit cost or valuation ke88 any residual value over their estimated use1 lives as follows: Freehold land Buildings and gtructtire 100 years straight line Integral serviccs, fixtures and fittings 15 years straight line Office and other equ1pnnt 200/0 rediicing baknce Motor vehicles 25 /(> Teducing balance Car park lease 10 years straight line Assets under constrnction arc not depreciated until they are completed. Unrea]ised revaluation gains and losses shown separately in the Statement of Financial Activiticg, and a transfet during the year is made tol(from) the Ievaluation reserve. Mi<jor expenditure which enhances the value Df the buildings, is capitalised in the balance sheet. AThy donated assets arc also capitalised. The useful economic life of comp0tlt8 are reviewed annu{ ly.
13 WIRRAL CHRISTIAN CENfRE TRUST LIMITED (a conwany lin)ited by guarantee) NOTES ON FINANCIAL STATKMENTS for the year ended 31 March 2025 l Accounting policies (continued) Impairment An impairrnent review is carried out by the dArectors if wcnts, or cllanges in circumstances, indicate that the carying amount of the fiCtiOnaL property may not be recoverable. Taxatlon The company has charitable status and is exempt from tax under cooration Taxes Act 1988. Debtors, credltors, liabilities and provlsfions Trade and other debtors are recognised at the settlement amount due. Creditors and provisions are recognised where the charity has a prent obligation resulting from a past event that will probably result in the transfer of funds to a third paty and the amount due to settle the obligation can be measured or estimat¢d reliably. Creditors and provision8 are recogniscd at their settlement amount. Fees paid in advance Any fees received in advance, will be written off as donations where they have not been reclaimed WAthin 12 months of the end of the tenancy. The charity will keq) a record of the balance due to the fonner resident and the advances written off. Penslon contrlbutlons Payments iftto a defjned contribution scheme are accounted for on an accnMls ba818. Investment% Investments are recognised initially at cost and subsequently measured at fair value with changes recolSed in Net faw value (losses}Igains on investments, in the SOFA Unrestrlcted Funds Restrlcled Funds Total 2025 2 1.ncome trom donations 2024 Donations 550 550 610 550 550 610 Unrcstricted Funds Restrl¢¢ed Fundg Total 2025 3 Charitable activities 2024 Residents, fees at)d respite NLrscry feeg 1,397,684 1,254,457 1,397,684 1,254,457 1,315,626 1.,091,758 2,652,141 2,652,141 2,407,384
14 WIRRAL CHRISTIAN CENTRE TRUST LIlL[TED (a company ]imlted by gu&r&ntee) NOTES ON FINANCIAL STATEMENTS for the year ended 31 March 202S Unrestricted Funds Restrlcted Funds Total 2025 4 Investment incon 2024 Investment property rentals Bank illterest 58,296 58,296 37,164 58,301 58,301 37,168 The investment property income is wholly geneted from assets in the UK. Unrestrl¢ted Re5¢ricted Funds Funds Total 2025 2024 5 Other Funding Other 38,071 38,071 21,600 49,170 12,183 21,600 21,600 38,071 59,671 61,353 Unrestricted Funds Re$Érlcted r4 unds Total 2025 6 Raising funds 2024 Professional fees Unrestritted ReStCted Funds Total 2025 7 Charitable activities Funds 2024 Salarie81agency - Caring and 8UPPOrt Establisknient costs Travel and motor expenses Repairb and maintenanGc Deprcciation on owned assets Loss on disposal of assets Bad debts Salari&s - Management and adft]inistration Consultancy fees and expenses Office costs Website Gost8 Waste disposal Donations Sponsorship Staff training attd utiifotrns Bank chgeS Governance costs (note 8) Interest payabl¢ (note 9) 1,795,973 338,948 10,092 80,681 68,204 16,971 20,153 1,812,944 359,101 10,092 80,681 68,204 1,451,511 321,373 10,073 41,823 61,715 (178) 128,235 37,914 28,620 323 12,060 15,709 7,215 6,524 7,420 35,179 29,619 164,269 26,261 35,983 164,269 26,261 35,983 15,047 60,108 1,119 9,083 3,264 34,746 18,328 15,047 60,108 1,119 9,083 3,264 34,746 18,328 2,662,106 37,124 2,699,230 2,195,135
15 WIRRAL CHRISTIAN CENfRE TRUST LIMITED (a company limlted by guantee) NOTES ON FINANCIAL STATKMENTS for the year ended 31 March 2025 7 Charitable actlvltles (continued) Included in ¢stablishm¢nt costs 18 £7,172 (2024.. £6,523) of expenditure rclating to investinent properties. Included in office costs is £2,694 (2024: £2,938) for lease payments in respect of telephon¢ equipment and £3,613 (2024.. £3,789) relating to pboto¢opier lease cogts. Included in travel and motor is £nil (2024.. £3,851) for vehicle lease payments. Unre8tricted Funds Restrleled Funds Total 2025 8 GDverllance costs 2024 Legal and professional fees Accountants, fees Accountants, feeg - previous year Auditots, remuneration Auditors, remuneration- previous year Finance arrangeMlt and other fees Life insianCe on lo&lls 7,754 12,873 7,754 12,873 11,159 9,483 (17) 9,574 414 2,850 1,716 11,034 840 2,245 11,034 840 2,245 34,746 34,746 35,179 1'estAL*d Funds Restricted Total 2025 9 Interest payable Funds 2024 tnterest on loans from HSBC Intercst on other loans and fjjiance Interest on HM ReVu¢ late payments 18,263 18,263 27,776 283 1,560 65 65 18,328 18,328 29,619
16 WIRRAL CIIRISTIAN CENTRE TRUST LLIIITED (a company limited by guarantee) NOTES ON FINANCIAL STATEllNTs for the year ended 31 March 2025 10 Salary costs Salary costs and numbcr of pcr6ons cmploycd undet. contract atsalysed by departJJet]t were as follows: 2025 2024 Cards Staff Bank staff Support staff Administration staff 87 1,476,469 11,603 324,872 164,269 84 1,181,034 26,638 243,839 128,235 26 27 118 1,977,213 117 1,579,746 Full time equivalent employee numbers 73 67 2025 2024 Staff costs for the above persons Wages and salarieg Social security costs P¢nsAon co8t8 1,860,166 91,114 25,933 1,462,699 91,114 25,933 1,977,213 1,579,746 Pension contributions are paid into an independently adn]imst¢reQ persollal pension scheme. There were no eLW)loyees earning EL gali£ ry in excegs of £60,000 in either year. For payments to Trustees, see related party notc 21. 11 Net incomel(expenditure) tor the year This is staled after charging.. 2025 2024 Depreciation Net fair value1088es on investnM]t's Loss on di8posal of a88ets Auditors rernuueration - audit Operating lease rentals 68,204 61,715 11,034 10,260 9,574 10,578
17 WIIIRAL CHRISTIAN CENTRE TRUST L]ltTED (a Company limlted by guarantee) NOTES ON FINANCIAL STATEMENTS for the year ended 31 March 2025 Flxtures, Motor Ffittlngs and Vehicles Equipment Land & Buildings Total 12 Tanglble fixed assets Cost or valuation l April 2024 Additions Revaluation adjusttllent Disposals 2,013,416 29,689 43,161 74,495 38,883 2,131,072 68,572 31 March 2025 2,043,105 43,161 113,378 2,199,644 Depreciation l April 2024 Elin)inated on ievaluation Charge for year Disposals 221,260 37,518 18,568 277,346 47,830 1,410 18,963 68,203 31 March 2025 269,090 38,928 37,531 345,549 Net book 3mount 31 March 2025 1,774,015 4,233 75,847 1,854,095 31 fvtarch 2024 1,792,156 5,643 55,927 1,853,726 Illcluded in the valuation of freehold land aiid buildings is £1,531,052 (2024: £1,531,052) relating to the Centr2 and £482,365 (2024: £482,365) for Hope Hall nursery. The net book value of £1,792,156 (2024: £1,792,156) relates to the Centre £1,363,504 (2024,. £1,363,504) and Hope Hall nursery £428,652 (2024- £428,652). The Centre and Hope Hall Nursery W¢fe both r¢valued late January 2020 to their market value. The valu&tsons w¢re p¢rfoTnrd by Claire Duffey MRICS and DatrcLi Nelld MRICS of Pinder8. The Trustees do not believe that there has beell a signifL&gnt change since that date except for any additions in the year. The TrnS have estimated that of the £1,531,052 valuation for the Centre, £472,000 relates to the land value. The historical cost of the land, buildings alld integral servioes aniounts t'o £1,045,855. Had the depreciation been charged on this historical cost, it would amount to £237,968. Thc Tnistecg have ¢stm]ated that of the £482,365 valiution for Hope Hall £41,304 rclatcs to the land valiie. The historical cost of the land, buildings and integral services amount8 to £492,752. Had the depreciation been charged on this historical cost, it would arnolt to £75,472.
18 WIRRAL CHRISTIAN CENTRE TRUST LIIWITED (a company limited by guarantee) NOTES ON FINANCIAL STATEMEYrs for the year ended 31 March 2025 13 Fixed asset investments 2025 2024 Investment property Valualloii as at l April Additions - transfer rnarket value from Fixed Assets Additions - other Disposals Fair value adjustment to invegtments 724,204 701,386 8.282 22,818 Valuation as at 31 March 732,486 724204 Historical cost of investment property 28 at 31 March 1,672,236 1,663,954 The tILree (2024: threc) investment properties are sithated within tbc UK and are prllnarily held for investment return. Two of the llivestment properties (fiats and shop} were revalued on 13 January 2020 to their open rnaxket value of £160,000 in total. This valuation waB performed by C Amistrong FRICS of BA Commercial Chartered sileY0r8. The increase in the valuation of £8,282 (2024., £22,818) is for capital improvements. The historical cost of the two investn]ent properties amounts to £142,599. The Grade It listed chuTch (fomerly Iinown as Oxton Gateway Church) was revalued 27th January 2020 to its open market value of £525,000. Thig valuation was perfonned by D Neild MRTCS of Pinders. The Grad¢ II listed Church was transferred from fLEed assets with a value of £580,OOCI. The historical cost of the Church is £1,521,355. The Triistees do not believe there has been a 8ignificant change 8illCe the last valuation. Charges The Trnstees of The National Heritage Memorial 1nd hold a clwge over Oxton Gateway ChurcL this acts as 8¢curity should the Trust breach the terms of the grant contract in respect of that building. See note 16 for additional infomtion on charge8, 14 Debtors 2025 2024 Trade debtors Other debtors PTepaytnents 90,629 2,386 7,116 76,396 3,204 4.702 100,131 84,302
19 WIRRAL CHRISTIAN CENTRE TRUST LIMITED (a company ]Imlted by guarantee) NOTES ON FINANCIAL STATElEs for the year ended 31 March 2025 15 Creditors: amounts ff4lling due thill one year 2025 2024 Bank overdrafts Trade crcditor8 Other taxation and social security Other Credito and accruals Ballk and other loans Net wages and pension 114,000 17,695 32,123 100,095 84,466 8,150 43,614 30,714 31,069 123,466 92,186 5,918 356,529 326,967 16 Creditors: amounts falling due after mole than one year 2025 2024 BanL other loans and fllnce 154,766 187,735 Includ¢d in the above is a loan totalling £179,716 from HSBC, the interest is 3.50/0 over the bank's sterling ba8¢ rate. The tem of th¢ loan is fourt¢en years and six fftonths from February 2016. The loans from HSBC are secured on all of the cotnP£Thls pr¢sent freehold and l¢as¢hold properties chattels and debts. Also incliided above is a a bounce back loan outstanding of £16,516 which is repayable over 5 years from November 2021 at att ititetest rate of 2.5 /0 and a loan of £43,000 whioh is repayable Over a year from April 2025 at an interest Tate of 7.50/,. These loans aTe not secured on any of the TlltS assets. All loans and fillaJce are repayable in instalments due as follows., 2025 2024 In one year or less Between one and two yeats Between two and five yS In five years or more 84,466 39,890 114,876 92,186 49,482 134,003 4,250 239,232 279,921 17 Called up share capital Thc company is limited by guarantee and does not have a shate capital,
20 WIRRAL CHRISTIAN CENTRE TRUST LIMITED (a company JAmlted by gu&rantee) NOTES ON FINANCIAL STATEMENTS for the year ended 31 March 2025 Balgnce Ineoming re$our¢es Outgolng resources Fund Transfers Balance it 31 March 2025 J Apdl 2024 18 Unrestrlcted reserves Income and expenditw'e Property revaluation reserve 2,063,087 46,198 2,732,592 (2,662,106) 46,198 (46,198) 2,179,771 2,109,285 2,732,592 (2,662,106) 2,179,771 The balance on the propety revaluation reserve repres¢nted the total aMot of fair Wdlue gains on the two smaller investnient prOptIes. The Trllstees bave (kcided to release it into general reserves as it added little value to the accounts other than in the year of revaluation. Balante Jneoming resources Oiitgoln r£¥ources Fund Transfers Bs14nce It 31 March 2D25 l April 2024 Restricted reserves lncli1Ve Practice Disability Accsss Flind Pupil Premium Donations 16,971 (16,971) (1,762) (18,391) 3,207 35.463 1,445 38,172 21,100 38,670 38,071 (37,124) 39,617 Disability ACL8 Fund Fullding for 3 to 4 yeaT old8 who receive Disability Living Allowance to support accessibility of our 8ervic¢s, Pupil Premillm This is a payrnent allocated to funded cliildren whose personal cirCnStanceS have hlt certain criteria. An addAtional 60p per hour is allocated to the children and th¢ setting are to ie this additional fund to support the children's provision and education. ThÈs can be through the plchse of resouTces, training staff and potentially employing additional staff. Incluslve Practice This is applied for on an individiial basis for SEN children me£t thc threshold for requiring additional support. This fund if allocated/approved is to be spent On enhancing the staff to ohild ratios that they llicluded within. This fund cannot be spent alternatively arkd is thoefore appoitioned to salaries,
21 WIRRAL CHRISTIAN CENTRE TRUST LLIIITED (a company lirnited by guarantee) NOTES ON FII¥ANCIAL STATEMENTS for the year ended 31 March 2025 19 Operating lease commitments 2025 2024 The Trust has the following annual conllnittnents falling due as shown.. Ill one year or less B¢tw¢¢n two and five years More than five yeats 7,685 29,908 2,545 8,184 9,300 40,138 17,484 20 Conjmltments 2025 2024 Con]mitments at l April 2024 Increase in CMmIttnent Other eXpendit[e during the yeat 8,046 8,046 Conllnitments at 31 March 2025 8,046 8,046 Con]mitrnents due within one year Conllnitments due more than one year 8,046 8,046 8,046 8,046 The ComD]itmaits relate to tlie remaining windows and doors for the Centre. The oiitstanding con)mitments bave not been provided for in the financial statements a8 thcy are only authorised and not contracted. The conllnitments will be ftmded by free reserve8 as they becomc available, 21 Related partles Control The company is controlled by its directors whose names are sho1 on the information page on page l. The directors are also the trustees of the charity.
22 WIRRAL CHRISTIAN CETh TRUST LIMITED (a coD4)any Ilnilted by guarantee) NOTES ON FINANCIAL STATEMENTS for the year ended 31 March 2025 21 Related parties (continued) Transaction5 wlth related partles i) During the year, the wife and daughter of P A Epton, and the wife of G Epton wer¢ all employed by th¢ trust, Each of the related parties salaries were set at a conllnercial ratc. They are not able to use their position to theii. advantage. The amounts involved w¢t¢ a8 followg: Gross salary Employers NI Pension Benefit in kind E J Epton V R Fisher E B Epton 11,206 73,600 18,252 8,714 1,264 2,1)02 360 103,058 9,978 2,362 V Fisher received free childcare for one child which is a non taxable benefit. n) A8 pernjitted by the Charttys memorandum and articles, duTing the year under review, P Epton received £17,861 from the Charity for con8tancY fees (2024: £29,514), and travel expenses were £llil (2024'.£nil). G Epton rcceived £8,400 from the Charity fof consultancy fees (2024.. £8,400), and trnvcl expenses were £nil (2024.,£nil) No other Trustees received any expenses during the year. lll) Ag at 31 MaTGh 2025, The Trust owed P Epton £4,374 (2024:£4,374) which was dÉsclosed in note 15, due within o>ne year. There was no interest charged during the year (2024:£nil). iv) P Epton and G Epton arc al80 the directors of Wirral Christian Centre Limited (company numbcr 04150016). E Eptoll (the wife of P Epton) is algo a director. Althoiigh the company is still registered at Companies House and the chty Con]mission, it ceased to trade on 31 Janiwy 2015, and has been domant since that date. The Trust paid £64 in respect of expenges for the company in the fonn of Companies Hous¢ fee8, v) All of the directors of the Trust are connected to Wirral Christian Centre Church (The Church), which is ptLrt of Elim church (now called Gateway Church Wirral). In the past, the Church rented the Grade 11 listed church biiilding from the Charity. In the opinion of PindaB who valued the property in Janll.y 2020, the market value of the rcnt that could be achieved is £48,000 p.a. The Cbarity is now in a financial position to donate this rent back to the Church and so in ELccordaDCe th Pllider8 valuation the rent of £48,000 is included as incomc from investments (Note 4) id in charitable donations (Not¢ 7). Durillg the year, including thc above the Trust donated £60,108 to the Gateway Church Wirral.