Charlty reglstratlon number NIC 100670 WHITEWELL METROPOLITAN TABERNACLE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
WHITEWELL METROPOLITAN TABERNACLE LEGALAND ADMINISTRATIVE INFORMATION Trustees Paslor David Purse Mr Charles Purse Pastor Robert Hi93ins Charlty numbor NIC 100670 Prlnclpal addr055 837-8e9 Shore Road Belfast BT15 4HS Audltor GMCG LISBURN Cenlury House 40 Crescent Business Park Llsbum BT28 2GN Bankors Danske Bank 471- 473 Arbtrlm Road Antrim Road Plaza Bellast BT15 38P Sollcllors Shean Dlckson Merrld( 3842 Hill Streel Belfast BT12LB Crathird. Lockhart, 818ck Solicitors 7 - 11 Llnenhall Street Belfast 8T2 8AA
WHITEWELL METROPOLITAN TABERNACLE CONTENTS Page TNstee5' report Independent auditorfs report Statement of financial activitie5 10 Statement of financial position 11 Stalement of cash flows 12 Notes to the financlal statements 13-21
WHITEWELL METROPOLITAN TABERNACLE TRUSTEES. REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2022 The twstees psent Iheir annual report and financial statements for the year ended 30 Seplember 2022. The financial statements have been prepared in accordance with the accounting policie5 set out in note 1 to the finanaal statements and comply with the church's trust deed, Ihe Charits'es Act (Northem Ireland) 2008 and 'Accounting and Reporting by Charities: Statement of R8commerKled Practice applicable to charities preparing thelr accounts In accordance wtth the Flnancial ReportSng Standard appllcable In the UK and Republlc of Ireland (FRS 102). (as amended for accounting periods commencing from 1 January 2019) Objectlves and actfvltles The unchanging obj'eclive of the church is to conlinue lo proclaim. promote and further spread the Chrlstian faith as defined in the pages of the Bible. Oui beliefs, precepts and practiS85 are defin8d and decSded, not by the vrdS or decrees of men but, by the Word of God whld) we hold lo be the hlghest authoiity, belng the unvarnished and Insplred Word of the God. The maln actlvltles of Ihe church. Sn order lo achleve the above are the holdSng of regular rellglous services each week, the providing of youth activities and Ihe broadcasting of our services along with the provision of services of a charitable benefit to the community arKI abroad. The trustees have paid due regard to guidance issued by Ihe Charity Commission in deciding what aclivrties the Ghurch should undertake. The Unsung Heroes As always we are so very grateful to God for the fantsstlc glvlng of our congregation that allows u8 to employ a number of people to help with our mlnlsty and It 1$ only right we pay Irlbuie to the great army of volunteers who laithfully labour behind the scenes. These falthful souls do all klnds of thSngs from drivlng buses, leading youth act5vStles, car pa duly, deanlng, playlng Instruments. leadlng worshlp, fund ralslng, door to door wltnesslng. Qperatlng cameras to provide our on- Ilne SeCes, welcomlng people al the doors, vlsltlng the housebound and provldlng créche fadlllles. The whole church functlons and work because so many people play an important. sometimes unseen part, 1Corinthians 15.'58 "Always abounding in the woth of the Lonl, for as much as you know, that our labour is not in vain in the lord." Thank you, thank you, thank you everyone.
WHITEWELL METROPOLITAN TABERNACLE TRUSTEES, REPORT (CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2022 Achlevements and perf0mnCe As this particular working year from 1st Octob8r 2021 to 30th September 2022 has progressed the previous resirlctlons deemed necessary to combat the Covld epidemic have eased. Although Covid remalns an Issue, life seems to be returnlng to what was deemed 'nomial'. Activlties that have ne8ded to be suspended such as Girls Brigade and Scouts for example have rw been resurrected. People are back at church with a measure of social distanclng stlll In aCe with r8gard to seating. Some peopl8 with underlylng health concems still feel it best to watch the church seTvlc85 onllne. It Should be noted that out church onllne mlnlstry has mts5hroom8d over the past year. People now watch our services by the hundr8ds sometimes thousands all over Ihe Brltlsh Isles and all around the world in such places as Canada, Unlted States, Australia, different parts of Afrlca. Europe and even Central and South America. What the apostle Paul says regarding the church In 1Thessalonians 1.8 could be sald of lthltewell, 'For from you th8 Wortl of th8 LO ha5 sounded lorth... It Is an awesome privllega to be able to mlnister to the peDpla ol God In all these places. Over the months the church ser41ces have been good and people have heard the Word of God wlth a falr number coming to falth In Christ. There have been a number of baptOsm81 services with approxlmately 37 undergolng the ordlnance of 'believerfs baplism,. Also, approximately 72 people have been publicly reGeived into membershiplfellowshlp. In December three naw alders were publlcly ordained. In February the church celebrated its 65th annlvarsary. In March, due to the increasing volume of work the church set up a D.S.T. (deslgnated safeguarding team) to look after matters of safeguardlng children and vulnerable adults, Thls Involves a team of S, one of whom Is a servlng trustee, In June Duf new Shepherd's Academy completad Its first year wilh an academy meal gt the Tltanic Hotel with over 120 in attendance. In July we hosted a memorlal servlce for our late founder and Senlor Pastor James Mcconnell. Thls was well attended wlth mlsslonarfes and many other mlnlsters attending. A new book about hls rnlnlslry was also released on th8 night written by John Mccreedle. Also In July, IlleWell hosted a 4 day Elim Wonderous Bible Week. So Impressed wefe Ellm wlth out facilities and staff that they have already requested the same lor July 2023. We are delighted to w¢rk with other bellevers. In August we officially ordained to the mlnlslry Pastor Lance Gower as minister of out daughter church in Newry. In September w8 agaln were able to host our main outreach event called 'Alivg Belfast 2022" wllh evangellst and paslor David Ham. from New York. It was a Ihoroughly successful and blessed event. We also saw our Shepherd's Academy begin its second year with a new Influx of students complementing our exlsting students. We are already being asked by churches without a minister aboul the possiblllty of students frorn our academy helplng them and In the future studenls even becomlng their new mlnlslers. This Is an exciting flevelopm8nt. Apart from our Sunday School all our youth activities are agaln up and njnning. This indud8S tho already menlloned a5 well a5 our Salurday nighl Well Event. for the teens and young adults, It would seem our Sunday moming 'Children's ChUh, has replaced the Sunday Schools. for now anyway. So, the Word of the Lord continues to be preached and laught and a few Of our Academy students are now runnlng our new Chrislians course. Pastor David contlnues to expound the Scriptures each week taking on a 16 week sefies Ihis year on 1 Corinthlans 13, a series on the parables of Jesus and now a serfes on the miracles of Jesus too. An Interestlng Bible Study series was also based on the classlc Pilgrims PmgTrss' book by John Bunyan. This proved Immensely helplul to many souls. Two other rninSstrles that contlnue to make a difference are: The street project to the homeless, 'Manna forman run by Slanley Donaghey Our food hamper ministry run by a lady called Jewel which brings food to needy families.
WHITEWELL METROPOLITAN TABERNACLE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022 Ethlopla & Kenya The Church has founded and ntInUeS to support a number of foreign Missionary projects Sn Ethiopia and Kènya. These missions help relieve severe povety in the local areas by asslstlng in the provision of food and dothing. The mlssions also help provide religlws and secular education to the children and adults of the area and also assists In provlding medical care. The Church cuentlY funds three project in Elhiopia; Kufiftu Compound, Babagaya School & Church. and Ambo Church. The Church also funds the Melropolltan Sancluary arKI Nyeri Church In Kenya. Hundreds of Ilves are belng touched in both llxatlons as well as the project employlng over 50 indlvlduals. We coniinue to say 'to God be the glory, Ethlopla Our Church. Schools and Cllnlcs at Kuriftu, Bobagaya. and Ambo continue to support the needy chlldren. their families and the local community in the surrounding villag85 of Bishoftu, Elhlopla. Our main as5isiance Is lo brlng Chrlsllanity to all chlldren from different ethnoc ieliglons through Evangelism and the provlslon of biblically-based teachlng, and to advance the educalion of all children and young adults In the r?Ilef of poverty and hunger, bringing an holislic approach t¢ help the people in these areas in thelr s-ritual. educational and physlcal needs. The Metropolltlan Tabernacle Church in Ethlopla serves the local communlty Sn reaching souls and wh¥e have seen God's plans come to fruition over the many years. The missionary project In Elhlopla has weathered the Covld storm and 1$ emeiglng strong and vibrart. It continues to be supported at home by Mrs Eleanor Mcclelland and her daughter Karen along wlth Pastor Mlchaej Buntlng. Kenya The Melropolllan Sanctuary for Children wlth Dlsabllity contlnued to offer seNlces durlng ihe year under Ihe leadership of Pastor Mary V¥haom and her dedicated team. During the year the sanctuary Offed rehabilitation sepllces and organised trainlng for Community Health Volunteers and for care givers in the communlty. Sitting aids. standlng alds. Stabiliser5 and wheelchalrs ware given to childr8n in need. The sanctuary also provided social support through the provision Of food packages, there were 15 lamllles supported Yth food packages on a monlhly bas1$. Medlcal assistance. support lor famllles bereaved and home vlsits wwe also provided by the sanctuary staff. The Church, Ihrough the sanciuary, conllnues to reach out lo the local community. The Kenya mlsslonary prolect has weathered the Covid stonn and Is emerging strong and vlbrant. 11 continues lo be supported at home by Pastor Frankle Weir. Flnanclal revlew The Board of Trustees consider that the unrestrlcted lunds of the charlty have sufficient resources and assets available whlch are adequate io fulfil thalr obligations. At 30 September 2022 the balance of unresirfcted reserves was £7,801.926 (2021- £7,838.318). It is the pollcy of Ihe church that UnStrICted funds which have not been deslgnated for a speclflc use should be malntained al a 18vel equivalent to between six and nine monlh's expendilure. The tru5lees considers ihat Teserves at this level wlll ensure thal. in the event of a slgnificant drop in funding. they wlll be able to continue the church's current ath'vities while thought is given to ways In whlch additional funds may be ralsed. Thls level of reserves has been maintained throughout the year, The trustees have assessed the major risks lo whith the ¢hurth Is exposed, and are Satisfied that systems are in place to mitigate exposure to the majar risks,
WHITEWELL METROPOLITAN TABERNACLE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022 Structure, governance and management The church is constituted as trustees incofporated as a body and was established by a charftable trust deed. The trustees who seNed duflng the year and up to the dale ¢f slgnature ol th8 financlal statements were.. Paslor David Purse Mr Charles Purse Pastor Robert Higglns The Oversight of Iha church have, by resolution at a meellng of same, the power to appo6nt new trustees. Accordingly. on New Yearfs Eve 3 new 81d8rs w8re publldy ordained. Two of whom In due course will take up the exlstlng two vacancies on the trustees board. In June Mrs Llnda Hobson retired after 40 years worklng on the church offic8 OV8rseelng admlnistration. We thank her for the many years of servlce and $h her a very happy retIrnent. Mrs Lillian McTemaghan also retired from her voluntsry post of leading our Mum'8 and Toddlers group which ha5 been such a blesslng to many fami1185. Agaln, we thank Lillian for all her years of faithful servlce and wlsh her an equally happy retirement. stst•ment of trustees, re8ponslbllltles The trustees are responsible for preparfng the Trustees, Report and the financial statements in a(uirdance with appllcable law and Unlted Klngdom Accounting Standards (Unlled Kingdom Generally Accepled Accounting Practice). The law appllcable io charities in Northern Ireland require5 the trustees to prepare financlal stslements for each rinanclal year lch glv8 a true and falr view of the state of affalrs of the church and of the Incijning resources and appllcatlon of iescurces of the church for that year. In preparing these financlal statements, the trustees are requlred lo: select suitable accounting policies and then apply them consistenlly; - obseNe the melhods and prlnclples In the Charitie5 SORP 2015 (FRS 102); make ludgements and estimate3 that are reasonable and prudent; stale whether appllcable accounting standards have been followed, subJecl to any material departures disclosed and explained in the financial statements., and prepare the financial statement5 on the going concern basls unless it 15 inappropriate to presun% Ihat the charlty will continue in operation. Tha trustees are responsible for keeping sufficient accountsng records thal disclose wilh reasonable accuracy at any tlme Ihe financial positlon of the church and enable them to ensure that the financlal stal8ments comply with the Charitie5 Act Northem Ireland {2008), Ihe Charity (Accounts and Reports) Regulatlons (Northem Ireland) 2015 and the provlslons of the tn15t deed. They are also responsible for safeguarding the assets of the church and hence for taking reasonable steps for tha preventiDn and detection of fraud and other irregularitie8. Thet ees, r8POrt approved by the Board of Trustees. av d Purse Tnjstee
WHITEWELL METROPOLITAN TABERNACLE INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF WHITEWELL METROPOLITAN TABERNACLE Oplnlon We have audiled the financial slatemenls of Vlhilewell M8tropolltan Tabemacle (the 'church') for the year ended 30 September 2022 which comprise the slalemenl of financlal aciivitles, the 51atement of financlal posttion, the statement of cash flows and the notes to the financial staternents, Including a summary of significant accountlng policies. The financial reportlng framework that ha5 been appled In thelr preparation is applicable law and United Kingdom knntIng Standards, Includlng Financial Reporting Standard 102 Th8 Financial Reporting Slandany applicable in the UK and Republlc of Iland {Unlled Kingdom Generally AccRpted Accountlng Practs'ce). In our opinion, the financlal statemenls: give a true and falr vlew of the state of the church affalrs as at 30 September 2022 and of its irKoming resources and appllcation of r850urces, ft>r the year then ended: have been properly prepared in acccrdance with Unlted Kingdom Generally Accepted Accounllng Practice,. and have been prepared in accordance wlth the requlrem8nts of Ihe Charities Act (Northern Ireland) 2008. Basls foroplnlon We conducted our audlt In accordance wilh Internalional Standards on Audltlng (UK) (ISAS (UK)) and applicable law. Our responsibilitie8 ufKler those standards are further described in the Audilols responslbililles for the audit ol the finan81 statements sedion of our report. We are IndeperKlent of the church in accordance with the elhical requSréments that are relevant to our audit of (he finandal statements in the UK, including the FRC'S Ethlcal Standard. and we have fulfilled our other ethlcal responslbllltles In accordance with these requlrements. We bellev8 that the audli evldenca we have obtalned is suffident and approprlate to provSde a basis for our opinion. Concluslons rnlatlng io golng concern In au(I'ting the financial statements, we have concluded that the trustee5' use of the golng concem basis of accountlng in the preparatlon of the financial siaiemenls Is appropriate. Based on the work we have perfomied, have nol Identiffed any materlal uncertaintses relating to events or condits'ons that, Indlvldualy or collectively. may cast slgnificant doubt on the church's a'lIty ID coniinue as a going concem for a period of gl least 1ve months from when the financial statemenis are authorlsed for Issue. Our responslbllitles arKI tho responsibilities of the trustaes th4th respect to going concem are descrlbed In the relevant sections of thls report.
WHITEWELL METROPOLITAN TABERNACLE INDEPENDENT AUDITOR'S REPORT {CONTINUEO TO THE TRUSTEES OF WHITEWELL METROPOLITAN TABERNACLE Other Informatlon The other inforniation comprfses the infonnation Included In the annual report other than the fina181 statements and our audltofs report thereon. The trustees are responsible for the other Information contained within the annual report. Our opinion on the financial statements doe5 not cover the oth8r Informatlon and we do not express any fomi of assurance concluslon there¢n. Our respon51blllty is to read the other infatmation and, in dolng so, consSder whether the other Infomiatlon Is malerially inconslslent wllh the financial statements or our knowledge obtalned In the course Qf the audit, or otherwise appears to be materially rni5Stated. If we Identlfy such material inconsistencles or apparent fflaleri81 misstatements, we are required to detemilna whether this gives rise to a malerfal mlsstatement in the financlal statements themselves. If. based on the work we have performed, we conclude that there Is mat8rial mlssiatement of this other infomiation. we are requlred to report that fact. We have nothing to report In thls regafd. Matters on whlch arn requlred to report by excaptlon We have nothing to report In respect of the following matters In relatlon to which the Charltles (Accounts and Reports) Regulations (Northem Ireland) 2015 require us to report to you If. In our opinion.. the informalion given in the finandal statements is inconslstant In any material respeci with the trustees, report,. or sufficlent accounting records have nal been kept., or the financlal statements are nol in agre8m8nt wlth the accounts'ng records; or we have not recelved all the Information and explanations we requlre for our audit. Re8pon8lbllltles of trustees As explalned more fully in the statement of trustees, respcn8ibilities, the trustees are responsible for the preparatlon of the financial statements and for belng satisfied that they glv8 a true and falr vlew, and for such Intemal control as Ihe trustees determine is necessary to enable the preparation of financial slatements that are free from material misstatement. whether due to fraud or error. In pceparing the Ilnancial slatemenls, the trustees are responsibl8 for assessing Ihe church's ablllty to continue a5 a going concem. dlscloslng, as appllcable, matters related to golng concem and uslng the golng concern basis of accountlng unless the trustees either Intend to cease operations, or have no reallstic alternative but to do 50. Audftor's responslbllltles for the audlt of the flnanclal stat8ments We have been appointed as audiior under section 65(21 of the Charitles Act (Northern Ireland ) 2008 and report in accordance wlth regulatlons made under section 66 of thatAct. Our obleclives are to obtaln reasonable assurance about whether the financial statements a$ a whole are free fr*Jm material misstatement, whether due to fraud or error. and to issue an auditorfs report that includes our oplnlon. Reasonable assurance is a high level of assurance but Is not a guarantee that an audit conducled In accordance with ISAS (UK) wlll always delect a materi81 misstatement en it exists. Mi5Stalemenls can arise from fraud or error and are considered material if, indlvldually or In the aggregate, they could reasonably be expecled to Influence the enoMiC decisions of users taken on the basss of these financial statements,
WHITEWELL METROPOLITAN TABERNACLE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF WHITEWELL METROPOLITAN TABERNACLE Irregularities, including fraud, are Instances of non-compllance wlth laws and regltiOnS, We deslgn procedures in Ilne wlth our re5ponsibilitie5. Outlined above. to delect material misstatements In respecl of irregularilies, Includlng fraud. The extent to whlch our procedures are capable of detecting iffegulariknes. including fraud. Is detalled below. Extent to whlch the audlt was con51dered capable of detectlng Irregularltles. Includlng fraud We Ideniify and assess the rlsks of malerlal mSsstalement of the financlal statemenls. ether due to fraud or error, and then design and perfomi audit ProdureS responslve to those rfsks, IndIng obtalnlng audit evldence that Is sufficient and appropriate to provlde a basis for our opinlon. In Identlfying and assessing potenkn'al risks ol malerial misstatement in respect of irregularltie4 Inclu(Ing fra1 and non.compllances wllh laws and regulaIn5, we considered the following.. The nature of the industry and sector, control envlronment and buslness perfomiance, Indudlng the charity's remuneration polides for trustees, bonus levels and perforniance targets, rf any: Results of our enqulries of management about thalr own identlficallon and assessment of the risks of Irregularltles., Any matters we identified having obtained and revlewed the Ghurch's documentatlon of thelr pollde8 and procedures relating to.. Identlfylng, ev8luatlng and complwng wlth 18ws and regulations and whether they were aware of any Instance of non-compllance,. Detectlng and responding to the rlsks of fraud and whether they have knovAedge of any actual. suspected or alleged fraud; and Tha Intemal controls established to mth'gale risks of fraud or non-compllance wlth laws and regulalEonts: The rnatter5 discussed among the audit engagement team regarding how and where fraud mlght occur In the financial statements and potential indicators of fraud. As a result of these prcKedures, we considered the opportunlth'es and incentives that may exisl within the church for fraud and Identlfied Ihe greatest potentlal for fraud In Income recognilion. In common wth all audits under ISAS (UKI, we are also requlred to perforffl spedfic procedures to respond to the risk of management ovarride. We also obtained an understanding of the legal and regulatory frameworks that the church opeffale8 In, focusing on ovlslons of those laws and regulalions that had a dlrect effect on the determination of material wnounts and disclosures in ihe financlal statements. The key laws and regulatlons we considered in thls conlext included Part 4 of the Charltles (Accounts and Reports) Regulatlons (Northem Ireland) 2015, and local tax legislallon. In ad(thlion. we considered provislons of other laws and gUlationS thal do nol have a dtrect eff&t on tl* finandal statemenls but compliance with vA)ich may be fundamental to Ihe church's ablity to operate or lo avoid a material penalty.
WHITEWELL METROPOLITAN TABERNACLE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF WHITEWELL METROPOLITAN TABERNACLE Audlt response to rlsks Identlfled Our produreS to respond to the risks Identified included the follo1ng. Revlewlng the financial stalemant disclosures and testing to supportlng documentation to assess compliance wilh provislons of relevant laws and regulatlons described as havlng a direct effect on Ihe financial statements; Enqulrlng of management concernln9 actual and potential lilallOn and clalms,, Performing analytical procedufes to Identlty any unusual or unexpected relatlonshlps that may Indicale risks of materlal ml$statement due to fraud; Reading minutes of meetlngs of thos? charged with govemance and reviewing correspondence wlth lax authoritie5; and In addresslng the rlsk of fraud through management override of controls, te3tlng the approprialeness of Joumal entries and other adjustments: a55e5sing whelher the Judgements made in making accountlng 8Stim8le5 are Indlcauve of a polential blas; and evaluatlng the business iallonale of any signifi1 transactlons Ihat are unusual or out8Sde the nomial course of busine55. We also MmUnICated relevant Idenllfied laws and regulatlons and polenlial fraud risks to all engagement team members and remalned alert to any Indicakn'ons of fraud or noTrcompliance with laws and regulations throughout the audit Owlng to the Inherent limitation5 of an audll, there is an unavoldable rlsk that we may not have detected some material misstatements In Ihe financial statements, even Ihough we have properly planned and performed our audit in accordance wlth audillng standards. In addltlon, as with any audit. ther8 ramalns a hlgher risk of noTrdatectlon ol Irregularlties, as they may involve colluslon. forgery, Intentional omissions. mlsrepfesentations. or lh8 overrlde of Intefnal controls. We are not responslble for preventing noTrcompliance and cannot be expected lo detect rn- compliance with all laws and regulation3. A further descrfptlon Of our responsibilities Is avaSlable on the Financial Reportlng Councll's webslte at: https,'Il WV¥W.frc.org.uKlaudltorsrespon5ibilities. Thls descrlption form5 part of our auditor's repoTL
WHITEWELL METROPOLITAN TABERNACLE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF WHITEWELL METROPOLITAN TABERNACLE Use of our report Thls report is made solely to th8 charity's trustees, as a body, In accordance with part 4 of the Charitie5 (Accounts and Reports) Regulatlons {Northem Ireland) 2015. Our audit work has been undertaken so that we mlght state to th8 charitys trustees those matters we are required to state to them in an auditors. report and for no other purpose. To the fullest extent pemiitted by law, we do not accept or assume responsibility to anyone other than the charlty and the charity'5 tmstees as a body. f our audlt work. fcff thls reporL or for the opinions we have formed. Mr Stèphen Houston FCA (Senlor Statutory Audltor) for and on behalf of GMCG LISBURN Chartered Accountants Statutory Audltor Century Housé 40 Crescent Busines5 Park Lisbum BT28 2GN GMCG LISBURN is eligit4e for appolntment as audllor of the church by virtue of its eligSbllity far appolntmant as audltor of a company under section 1212 of the Companles Act 2008.
WHITEWELL METROPOLITAN TABERNACLE STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2022 Unrestrlcted Unr8Strlcted funds funds 2022 2021 Notes Donations and legacies Other Iradlng actlvltles Investments Olher income 1,375.612 7,952 15.662 1,249,808 7,588 16,935 84.146 Total Income 1,399,226 1,358,477 Charitable activitles 1,435.618 1.289.581 Net {expendlturelllncome for the yearl Net movement In funds (36,392) 88,896 Fund balances at 1 October 2021 7,838,318 7,749,422 Fund balancas at 30 Septamber 2022 7,801,926 7.838,318 The statemenl of flnancial activitles Includes all galns and losses recognised in th8 year. All income and expenditure derlve from continuing 8Ctivilie8. 10-
WHITEWELL METROPOLITAN TABERNACLE STATEMENT OF FINANCIAL POSITION AS AT 30 SEPTEMBER 2022 2022 2021 Notes Flxed assets Tangible a5set5 Current assets Debtors Investments Cash at bank and in hand 12 5.813.450 5,836.962 13 14 61,775 1.326.051 641,340 79,819 1.322,600 653,993 2.029,166 2.056,412 Credltors: amounts falllng due wlthln on• year (40,690) (55,056) Net current assets 1.988.476 2.001.356 Total assets less current Ilabllttle8 7,801,926 7,838.318 Income fund8 Unrestricted funds 7,801.926 7,838.318 7,801,926 7,838,318 The financSal sl and signed on ments wer elr be alf by proved by the Bowd of Twsteés, authorlsed for Issue on . Pastor Davld Trus 11
WHITEWELL METROPOLITAN TABERNACLE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2022 2022 2021 Notes Cash flow5 from operallng actlvltles Cash generated from operations 19 3,674 106,716 Investlng actfvltles Purchase of tsnglble fixed assets Proceeds on disposal of tanglble fixed assets Purchase of current asset investments Interest received (46,488) 17,950 13,451) 15,662 (13,400) 16,935 Net cash (used In)Igonerated from Investlng actlvltles (16,327) 3,535 Net (decreaselllncreasa In cash and cash equlvalents (12,853) 110,251 Cash and cash equlvalents al beginning of year 653,993 543,742 Cash and cash equlvalents at end of year 641.340 653,993 12.
WHITEWELL METROPOLITAN TABERNACLE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 Accountlng pollclas Charlty Inforniatlon Vvhitewell Metropolitan Tabernade is a unlncorporated chanty reglstered kn Northem Iraland. The reglstered office is 837- 869 Shore Road. Belfast, CoAntrim. BTIS 4HS. 1.1 Accountlng conventlon The financlal statements have been prepared in accordance with the church's trust deed, the Charitles Act (Northern Ireland) 2008 and "Accounlng and Reporting by Charities.. Statement of Recommended Pracllc8 appllcable to charilies preparing thr accounts in accordance wlth Ihe Financlal Reporting Standard applicable in the UK and Republic of IrelarKI (FRS 1021. las amended for accountlng perfods commenclng from 1 January 2019). The chch Is a Public Benefit Entlly as defined by FRS 102. The financial statements are prepared In slerllng, whlch Is the functional currency ol the church. Monelary amounts In these financlal statements are rounded to the nearest £. The finandal stalements have been prepared under Ihe hlstorical cost convethion. prindpal accounting polides adopted are set out below. 1.2 Golng concern At Ihe time of approving the financlal statements, the trustees have a reasonable expectatlon that the church has adequate résources to continue in operatlonal existence for the foreseeable futufe. Thus the trLEtees ontinue to adopt the golng concem basis of accounting in preparing the financial Statements. 1.3 Charltable funds Unrestricted funds are available for use al the dlscxetion of the trustees In fjjrtherance of Ihelr charltable objectives. Restricted fvnds are subject to speclfic condrtions by donors as to how they may be used. The purposes and uses of the restricted funds are set out In the notes to the financlal statements. 1.4 Income Income Is r8cognised when the church Is legally entitled to It after any performance conditions have been met. the amounts can be meaSUd rellably, and tt Is probable that income will be received. Cash donatlons are recognlsed on recelpl. Other donallons are recognised once the church has been notified of the donatlon, unless performance cmditlons requlre deferral Cf the amount, Income tax recoverable in relation lo donations received under Gift Aid or deeds of Covenant Is recognised at the lin8 of the don8tion. Le9acles are racognlsed on recelpt Qr otheThvise if the church has been notified of imperKling distribution. the amount Is known, and receipt is expected. If Ihe amount is not known, th8 legacy is treated as contingent asset. Assets glven for use by the church are recogni58d when receivable. 1.5 Expendlture Expendilure 15 recognised on an accruals basis as a Ilabllity Is Incurred. Charitable expenditure comwlses those costs Incurred by Ihe charity in th8 delivery of Its activitles and services for its beneficiaries. It includes both costs Ihat can be allocaled direclty to such actitIeS those costs of an Indlrect nature to support them. Support CDSts are those functlons that as51st work of the charlty but do not dlreclly undertake charitable activities. Support and other cosls have been allocated lo chafitable activities based on actual usage by that acbvity. 13-
WHITEWELL METROPOLITAN TABERNACLE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022 Accountlng pollcles (Contlnued) 1.6 Tanglble flxed assets Tangible fixed assets are initially m8asured at cosl and subsequently measured at cost or valuation, net of depreciation and any impalrment10sses. Depreciation is recognlsed so as to wrlte off the cost or valuation of assets less thelr resldual values over thelr useful Ilves on the followlng bases.. Land and buildings Plant and equipment Fixtures 2nd fittings Molor vehlcles 2% Stralght Llne 25•A Stralght Lin8 25% Stralght Line 25% Straight Llne The galn or loss arislng on the disposal of an asset is detemlned as the dlfference belween the sale proceeds and the carrying value of Ihe a588t, and Is recognlsed In Ihe statement of financial activili8s. 1.7 Cash and cash equlval•nts Cash and cash equivalents Include cash In hand, daposlts held at call with banks. other short-term liquid Investments wlth original maturitie5 of three months or less. and bank overdraft5, Bank overdraft5 are shown within borrowings in current liabllltie8. 1.8 Flnanclal In8trumonls The church ha5 elected lo apply the provlslon5 of Section 11 'Baslc Flnancial Instruments, and Sectlon 12 'Other Financial Instruments Issues. ¢f FRS 102 to all of ils financial instruments. Flnanclal Instruments are iecognised in the church's balance sheet when Ihe church becomes party to the contractual provisions of lh8 instrument. Flnandal assets and Ilabllities are offset, with the net amounis presanled In the financlal statements. en there Is a legally enforceable right to set off the iecognlsed amounis and there 15 an intention to settle on a net basis or to realise the asset and settle the Ilabllity slmultaneously. Baslc Ilnanclal assets Baslc financlal assel5, which includ8 debtors and cash and bank balances, are initially measured at transaction price Including transactlon costs and are subsequently carried at amortlsed cost uslng the effeclSve inleresl method unle85 Ihe arrangement constllutes a financing iransactlon, where the transaction is measured at the present value of the future receipls discounted al a markel rate of Interest. Financial assets classified as receivable within one year are not amortised. Baslc flnanclal Ilabllltles Baslc financlal Ilabilltles, including credilors and bank loans are Inltially recognlsed at transaction price unless Ihe arrangement constitutes a financing transactlon. where the debt Instrument is mea5ureil at the present value of the future paymenls discounted at a rnarket rale of interest. Financial liabilities classlfied as payable wiihln one year are not amortlsed. Debt Instruments are subsequently carried at amortlsed cosl, uslng the effective inlerest rat8 method. Trade credttors are obllgallons to pay for good5 or services that hava been acqulred in the ordinary course of operations from suppliers. Amounls payable are classified as currenl Ilabllilies if payment is due within one year or less. If nol, they are presented a5 non-current liabillties. Trade creditors ar8 recognis8d inltially at transaction price and subsequently measured at amartised cost using the effective Interest method. Derecognltlon of flnanclal Ilabllltles Financial liabililies are derecognised when the church's contractual obligations expire or are discharged or cancelled. 14.
WHITEWELL METROPOLITAN TABERNACLE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022 Accountlng pollcles (Contlnued) 1.9 Employee benefits The cost of ary unused holiday entiuemenl Is recogn55ed In lh8 P8riod In whlch the employee's services are received. Termlnallon benefits are iecognised Immediately as an expense when the church Is demonstrably commltted lo teminate Ihe employment of an employee or to provlde termlnatlon benefits. 1.10 Retlrement beneflts Paymerts to defined contribution retirement benefit schemes are charged as an expense 85 they fall due. 1.11 Leases Rentals payable under operating leases. IludI[¥j ary lease incentives recelved. are charged as an expense on a straight line basis over the tenn of the relevant lease. 1.12 Accumulated funds Unre3tricled fd8 are result of the charItS straleglc obiectlve to establish r85erv85 which wlll allow It to contSnue operatlng for a period of six to nine months from the balance sheet data. Crltlcal accountlng 88tlmat88 and Judgem•nts In the appIltIon of the church's accounting polici85. the trustees are requlred to make Judgements, estimates and assumptions aboul the carrying amount of assets and Ilablliues that are not readily appareni from other Sources. The e51imates arKI a550ciated assumptlons are based on hlstorlcal experienGe and other f3Gtor3 thal are cOrer8d to ba relevant. Aclual resutts may differ from these estimates. The estlmates and underlylng assumptions are revSewed on an ongolng baslg. Revlslons to 8¢counting estimates a recognised in the period in which the estimate Is revlsed where the revislon affecls clY Ihal period, or In the period of the revision and future p8riods where tha revlsion affects both current and fLrture periods, Key sources of e5tlmatlon unGertalnlty Flxeql assets The annual depreclatlon charge on Ilxed assels depends primarity on the estimated live3 of each lype of asset and estimates of resldual values. The directors regularly r8vi8w these assels live$ and change them as necessary to rellect current Ihinking on remaining lives In Ilght of prospectlve economic util15ats and physlcal condition of the assets concern8d. Chang8s assets Ilves can have a slgnificant impact on depreciation charges for the perlod. Detall of the useful Ilves Is InCIle& in the accounting polici88. 15-
WHITEWELL METROPOLITAN TABERNACLE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022 Donatlons and legacles Unrestrlcted Unrestrfcied funds funds 2022 2021 Donations and gifts Legades recelvable Donated asset5 1,375,612 1,223,325 28,083 400 1,375,612 1,249,808 Donations and gtfts relate to advancement of rellglon. 11 is at the discretlon of the Truslee's how funds are allocated between Northem Ireland, Kenya and Ethiopla. Donated assets recelvad in the prlor year were In relatlon to a vehlcle which was gifted to the church. Other tradlng actlvltlas Unrestrfcted funds Total 2022 2021 Other Income 7,952 7,588 Investments Unrestrlcted Unrestricted funds funds 2022 2021 Interest recefvable 15.662 16,935 other Income Total Unrestricted funds 2022 2021 Coronavirus Job Relention Scheme (furlough) grant 84,148 16-
WHITEWELL METROPOLITAN TABERNACLE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022 Charltablè actlvltles Advancement of rellglon In: Northern Ethlopla Kenya Ireland Total 2022 Total 2021 Staff costs Depreclatlon & disposal of fixed assets Children and youth woik Travel missions Home Mlsslons Soclal functlons and rallles Ethiopia expenses Kenya expenses Audio visual ministry Well cafe Ablde conference 656,976 52.049 3.939 16,039 46,693 11.346 2,229 2.229 661,434 52.049 3.939 16,039 46,693 11.346 119.880 95,046 28,317 717.023 74,465 1,503 23,075 2,500 96,626 59,080 22,152 277 15 119.880 95,04e 28.317 815,359 122,109 97,275 1 .034,743 998,716 Shawe of support costs (see note 8) Share of governance cosls (see note B) 386.265 386,265 255,645 14.610 14,610 17,220 1.216,234 122,109 97,275 1.435.618 1.269,581 Unrestricted lunds 1,216,234 122,109 97,275 1 .435,818 1,216,234 122,109 97,275 1,435,618 For thg year ended 30 September 2021 Unrestrlcted funds 1.111.159 97,984 60.438 1,269,581 1,111.159 97,984 60.436 1,269,581 17-
WHITEWELL METROPOLITAN TABERNACLE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022 Support costs Support Governance costs costs 2022 2021 Basls of allocatlon Rates Insurance Llght and heat Maintenance Adverts & literature Telephone and postage Motor expenses Operating leases Bank charges Sundry expenses 17,044 64,838 114,563 95,462 23,734 7,175 49,016 9,941 4,128 17,044 64,838 114,563 95.462 23,734 7,175 49,016 9,941 4,128 364 15,624 Useage 76.431 Useage 51,278 Useage 49,312 Useage 13.122 U8eage 8,194 U5eage 28,159 Useage 9.941 Useage 3,240 Useag8 344 Useage Audit fee5 Accountancy Legal and professional 7,200 7,410 7,200 7,410 7,200 Govemance 9.420 Governance 600 Govemance 386,265 14,810 400,875 272,865 Analy5ed betrween Charitable activities 386,265 14,610 400,875 272,865 Governance costs comprises payments lo tha audltors of £7,200 {2021- £7,200) for audlt servl¢es and £7,410 (2021- £9,420) for the provlslon of accounts preparation and taxation servlc@S. Trustees During the year remuneration and other benefits were paid lo Pastor David Purse of £50,412 <2021- £48,730) and Paslor Shaw Higgins of £46.889 (2021- £42,558) for employment by the church as Pastors. 10 Employees The average monthly number ol employees during the year VKS: 2022 Number 2021 Number 21 23 Employment costs 2022 2021 Wages and salarie5 Redundancy costs Soclal security costs other pension costs 560,662 564,784 12,699 49.379 90.161 49,401 51,371 661,434 717.023 18-
WHITEWELL METROPOLITAN TABERNACLE NOTES TO THE FINANCIALSTATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022 10 Employees (Contlnuedl There were no employees whose annual emoluments We £60,000 or more. There were no employees whose annual remunetstion vtss more than £60.000. 11 Taxatlon As a charity all profits from trading actlvitles and Investment Income are used for chwliable purposes and thus no Ilability to corporation tax arise& 12 Tanglble fixed a55ets Land and Plant and Flxtures and bulldlngs equlpment flttlngs Motor vehlcles Total Cost At l October 2021 Addltions Disposals 6,133,255 7,636 1,477.201 46,488 (10,112> (108,910) 274.499 7,892,593 46,488 {119,022) At 30 September 2022 6,133,255 7,638 1.513.577 185,589 7,820,059 Depreclatlon and Impalrment At 1 October 2021 Depreciation charge(l in the year Eliminated In respect of dlsposals 418,065 32,669 7,638 1,365.880 264.048 27,180 10,151 (10.112) (108,910) 2.055,631 70,000 (119,022) At 30 September 2022 450,734 7,638 1.382,946 165,289 2.006.609 Carrylng amount At 30 Septamber 2022 5.882.521 130,629 300 5.813.450 At 30 September 2021 5,715,190 111.321 10,451 5.836.962 13 Debto 2022 2021 Amounts falllng due wlthln one year. Other debtors Prepayments and accrued Income 41,639 20.136 18,059 61.760 61.775 79.819 19-
WHITEWELL METROPOLITAN TABERNACLE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022 14 Current asset Investments 2022 2021 Unllsted inveslments 1.326.051 1.322.600 The trustee5 have invested monies to ensure greater financlal protectlon and hlgher Interest rates. 15 Credltors: amounts falllng due wlthln on8 year 2022 2021 Other taxatlon and sodal security Othar creditors Accruals and deferred income 12,893 11,534 16.263 12,973 16,314 25,769 40,690 55,056 16 Operatlng lease commltments At Ihe reportlng end date the church had outslanding commStments for future mlnimum lease payments under non-cancellable operating leases, which fall due 85 tcllows,. 2022 2021 Wthin one year Between two and five years 9,941 12,426 9.941 22,367 22,367 32,308 17 Capltal commltments 2022 2021 At 30 September 2022 the church had capital commitments as follows.. Contracted for but not provlded In the financlal statements.. Acquisition of tangible assets 75,023 4,071 1B Related party transactlons Remuneratlon of key management personnel The remuneration Of key management personnel Is as follows. 2022 2021 Aggregate compensation 313,873 297,080
WHITEWELL METROPOLITAN TABERNACLE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022 19 Cash generatsd from operatlons 2022 2021 {Defic•t)Isurpus for the y•w (36,392) 88,898 Adjustmlts for. Investment Income recognlsed In statement of financial activitles Gain on disposal of tanglble fixed assets Depreciatlon and impalrment of tangible fixed assets Donated fixed assets (15,662) 117.950) 70.000 (16.935) 74,465 (400) Movements In w¢yking capital: Decreasel(increa$e) In debt$ (Decrease)hncrease in cr8dlors 18.044 114.366) {43.001) 3,e91 Cash gengfdted from operatlons 3.674 108,718 20 Analysts of changes In net fund5 The ¢hwch had no debt thring the year. -21-