Charity registrdtion number NIC 100670 WHITEWELL METROPOLITAN TABERNACLE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023
WHITEWELL METROPOLITAN TABERNACLE LEGALAND ADMINISTRATIVE INFORMATION Trustees Pastor David Purse Mr Charles Purse Pastor Robert Higgins MrAlan CartWri9ht (Appointed 19 December 2023) (Apwinted 19 December 2023) Mr Derek Mcllveen Charity number NIC 100670 Principal address 837-869 Shore Road Belfast BT15 4HS Auditor GMCG LISBURN Century House 40 Cresnt Business Park Lisbum BT28 2GN Bankers Danske Bank 471- 473 Anlrim Road Antrim Road Plaza Belfast BT15 3BP Solicitors Shean Dickson Merrick 3842 Hill Streel Belfast BT12LB Crawford Lockhart Black Solicitors 7 - 11 Linenhall Street Belfast BT2 8AA
WHITEWELL METROPOLITAN TABERNACLE CONTENTS Page Trustees. report Independent auditorfs report 6-10 Statement of financial activities 11 Statement of financial position 12 Slatement of cash flows 13 Notes to the financial stalements 14-22
WHITEWELL METROPOLITAN TABERNACLE TRUSTEES. REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2023 The trustees present their annual report and financial statemenls fof the year ended 30 Septembef 2023. The financial statements have been prepared in ardance with the accounting policies set out in note 1 to the rinancial statements and compty with the church's trust deed. the Charities Acl (Northem Ireland) 2008 and 'AcGounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland IFRS 102)" las amended for accounting periods commenring from 1 January 2019) Objectives and activities The unchanging objective of the church is to continue to proclaim, promote and further spread the Christian faith as defined the pages of the Bible. Our beliefs, precepts and practises are defined and decided, not by the words or decrees of men but, by the Word of God which we hold to be Ihe highest authority, being the unvarnished and inspired Word ofthe God. The main activities of the church, in order to achieve the above are Ihe holding of regular religious servi8 each week, the providing of youth activities and the broadstIng of our seNices along wrth the provision of services of a charitable benefit lo the communty and abroad. The trustees have paid due regard lo guidance issued by the Charity Commission in deciding what activities the church should undertake. The Unsung Heroes As always we are so very grateful lo God for the fantastic gwing of our congregation that allows us to employ a number of people to help with our ministry and it is only right we pay tribute to the great army of volunteers who faithfully labour behind the scenes. These faithful souls do all kinds of things from dnving buses. leading yOLrth actiVTlies, car park duty, cleaning, playing instruments, leading worship, fund taising, door to door witnessing. operating cameras to provide our on- line services, welcoming people at the doors, wsiting the housebound and providing crèche facilities. The whole church functions and works because so many people play an important, sornetimes unseen part. ICorinthian5 15.'58 "Always abounding in the WO of the Lord. for as much as you know, that our labour is not in vain in the lord.. Thank you, thank you, thank you everyone. Achievements and perfomiance The recent Covid pandemic changed the religious landscape & although it hasn't went away most church SeICe5 and activities have returned to a pre Covid situation although there is still a measure of 'social distancing, in place regarding seating. Some people with underlying health concems continue to prefer lo watch the services on-line. The plus side of the on-line ministry is the increasing number of viewers we have from all over the UK and around the world. People regularly Mew from the USA. Australia. Africa and New Zealand. A few congregations. who don't have a minister meet together to watch our Online services. Others who have no suitable church near them regard Whilewell as their church and we even have enquiries about the possibility of beirlg on-line members of Whitewell which is something we are considering. The Word of the Lord is certainty sounding forth from Whttewell and it is a humbling primlege to be able to minister to so many. Over Ihe months our church SerViS (worship and Word) have been goo(l and people conlinue lo come to faith in Christ. There has been approxirnately 30 people of all ages undergoing the ordinance of believers baptism, 12 baby dedications and 16 new converts completing the new converts course.
WHITEWELL METROPOLITAN TABERNACLE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Notable events throu hout the ear In October Pastors David and Shaw vtsited and ministered at a church in Northamplonshire who have asked us to suppty them with their next minister from our Acadèmy. We also held a memorial service to remember church rnembefs and loved one's of church members who had passed away due to the Covid pandemic. In November a 'Remembrance Service, was held whh also accommodated the enrolment of our Girl's Brigade and Scouts. We also held our annual Christmas Fare with a wealth of slalls and activities. It was revamped from previous yeafs and held in the larger youth ntre premises and was brilliantly supported and the money raised used to help needy families over the Christmas period. In December we hosted the annual Chrsstrnas dinner in church for our 'senior members, with a short program afterwards and each one leaving with a gifl from 'Father Christmas., There was also the annual community Carol Service which is always brilliantly attended. In January we commenced the new year with a week of prayer, and Pastors David and Frankie visited our missionary endeavours in Ethiopia and Kenya. The staff were encouraged to see them and a good report was brought home to the Whitewell congregation continuing to justify our finanual investment there. In February the church celebrated its 66th anniversary with pastor Nick Cassidy from Cork preaching all day. In March our Shepherd's Academy hosted an 'Answers In Genesis, day an apologetic ministry known worldwide and it was so successful. we have been asked to repeat it next year. In April after 3 days of prayer and fasting the church held a healing Se1 for the purpose of praying for the sick. Also major renovation and building work commenced on the foyer area and main front and rear en1rarnS. This was the first time since the opening of the church this area of the church was enhanced. All agree it is a fabulous job. A 'Gift Day, was held to cover this necessary building work. A few of our students from Ihe acaderny accx)mpanied by a pastor visited churches in Northampton5hire and Yorkshire. This prowded a great deal of valuable expèrience for students who may be contèmplating the ministry themselves. In May the church hosted its first 'Men's Conferen, with 4 different speakers which again was well attended. On the back of this a new 'Men's Fellowship. also commenced meeting togelher one night every six weeks for fellowship. In June the Ethiopia leam hosted a 'SoLrthem Gospel, contsrt to raise ndS for the important Ethiopian missionary project. There was also the 2nd academy meal for our Shepherds academy students, and a Youth Mission was held in a marquee in Donaghadee which saw our youth lead thé seNices and many local people attended. In July the Elim Pentecostal Church held their annual 'Wonderous Conferen, al our church for 4 days and nights. So pleased have the leaders of Elim been thal they are asking that this becomes an annual event. A Holiday Bible Club for children was also hosted with many children attending. On the 19th Augus1 saw the church put on a free event of a church BBQ and Funday at Crawfordsbum County Park. A host of adivities were put on to cater for all. It was a wonderful time. In August we also held another week of prayer in Pfeparation of our September Mission event and also undertook a large scale distribution of inviles to homes over a considerable area over a three week period. Thi5 work was done by our church members. In Sepiember our Shepherd's Academy commenced its 3rd year wilh many students returning as well as a new intake of Students. The firsl day back induded a lunch for all. The church also pul on our major evangelistic endeavour of the year that we call. 'Alive Belfast. over 4 nights. David Ham from New York was our speaker and a Iremendous time was had wilh many people from other churches a150 present.
WHITEWELL METROPOLITAN TABERNACLE TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Other Activities Our many children's activities indude, Scouts and Girfs Brigade, Chikyren's church or 'Weewellers' on Sunday mornings and there is also a children's church during the Sunday evening service. Our I0 missionary projects each have a team of volunteers at Whrtewell helping with fvnd raising and practical support 12 months of the year and a special Christmas appeal sees money sènt for the African children to also recewe a Christmas gift. God's precious Word continues lo be preached week after week with our senior minister who is responsible for PTeaching and leaching delivering new series of sermons for the spiritual growth of the believers individualty and the church collectivety. During the year he has brought series on 'Th8 10 commandments, and 'The miraculous ministry of the Lo1 Jesus, and 'lhe Tab8macle in th8 wildern8SS' and 'A book and a woman, l)oth Galled Esthe and 'Gethng Ihe gospel right, and a series on the subject of Bible prophecy. Two other ministries that continue to make a differen are: The street project lo the homeless. 'Mar)na for Manrf run by Stanley Donaghey. Our food hamper ministry run by a lady called Jewel which brings food to needy families. The Shepherd's Academy Back in September 2021, Whitewell opened it's very own Bible college called 'lhe Shepherd's Academy, for the purpose of producing a new generation of church leaders and workeis for the chuich. Now into our 3rd academic year the academy has grown beyond our dreams with neatly 200 students enrolled. Many of these are from other churches inside and outside of Northern Ireland. Lead by pastor David Purse wilh the help of an academy board the academy has students of all ages. Some just want to learn more about the faith but others are studying to obtain our own church based 'Diploma in Pastoral and Biblical Studies., Our academy is growing pastors and elders and church workers for the present as well as the fulure. Two couples who have completed the 'pastoral care, module now help with the church wsilalion program of Ihose who are elderly or house t()und. It is our prayer that the academy will not only secure Whitewell's fuiure but also be able to assist other churches. This is a project Ihe trustees and oversight are very encouraged aboul. Ethiopia & Kenya The Church has founded and cL)nlinues to support a number of foreign missionary projects in Ethiopia and Kenya. These missions help relieve severe poverty in the local areas by assisting in the provision of food and clothing. The missions also help provide Teligious and secular education to the children and adults of Ihe area and also assists in providing medical care. The Church currently funds three project in Ethiopia" Kuriflu Compound. Babagaya School & Church, and Ambo Church. The Church also funds the Metropolitan Sanctuary and Nyeri Church in Kenya. Hundreds of lives are being iouched in both locations as wen as the project employing over 50 individuals. We continue lo say 'lo God be the glorl. Ethiopia Our Church, Schools and Clinicg at Kurifiu, Bobagaya, and Ambo continue to supporl the needy children. their families and the local community in the surrounding villages of Bishoftu, Ethiopia. Our main assistance is lo bring Chrislianity to all children from differenl ethnic religions Ihrough evangelism and Ihe provision of biblically-based teaching, and to advance the education of all children and young adults in the relief of poverty and hunger, bringing an holistic approach to help the people in these areas in their SPiTitiJal, educational and physical needs. The Metropolitian Tabemade Church in Ethiopia Serves the local communty in reaching souls and where we have seen God's plans come to fruition over the many years. The missionary project in Ethiopia is growing strong and vibrant. It continues to be supported al home by Mrs Eleanor Mcclelland and her daughter Karen along with Pastor Michael Bunting.
WHITEWELL METROPOLITAN TABERNACLE TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Kenya The Metropolitan Sanctuary for Children wtlh Disability continued to offer seNices during the year under the leadership of Pastor Mary Whaom and her dedicated team. During the year the sanctuary offered rehabililalion seNices and organised training for Comrnunty Health Volunteers and for care givers in the community- Srtting aids, standing aids, stabilisers and wheelchairs were given to children in need. The sanctuary also prowded social support through the provision of food packages and transport. Medical assistance, support for families bereaved and home visits were also provided by the sanctuary staff. The Church, through the sanctuary, continues to reach oul to the local community. The Kenya missionary projecl is continuing lo be strong and vibrant, supported al home by Pastor Frank'je Weir. Financial review The Board of Trustees consider that the unrestricted fvnd5 of the charity have sufficient resources and assets available which are adequale to fulfil their obligations. At 30 September 2023 the balance of unrestricted reserves was £7,712.987 (2022 - £7,801,926). It is the policy of the church that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to beeen six and nine month's expenditure. The Iruslees considers Ihat reseNes at this level will ensure that, in the event of a signrficant drop in funding. they will be able to Gontinue the church's current activities while thought is given to ways in which addttional funds may be raised. This level of reserves has been mainlained throughout the year. The trustees have assessed the major risks lo which the church exposed, and are satisfied that systems are in place lo miligale exposure to the majoi risks. Structure, governance and management The church is constituted as trustees incorporated as a body and was eslablished by a charitable trust deed. The trustees who served during the year and up to the date of signature of the financial ststements were.. Pastor David Purse Mr Charles Purse Paslor Robert Higgins Mr Alan Cartwright Mr Derek Mcllveen (Appointed 19 December 2023) (Appointed 19 Dernber 2023) The Oversight of the church have, by resolution at a meeting of same, the power lo appoint new trustees. There are 5 trustee positions on the truslee board. We hold thal there ought to be more non paid trustees than employed tru51ees. Finally, for all we are able lo do to serve one another and beyond the walls of our church we ultimately say, Sola Deo Gloria, 'Glory to God alone,.
WHITEWELL METROPOLITAN TABERNACLE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 SLgtement of trustees. responsibilities The trustees are responsible for preparing the Trustees, Report and the financial statements in acLX)rdance with applicable law and United Kingdom Accnuntir)g Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in Northem Ireland requires the trustees lo prepare finanaal statements for each financial year which give a true and fair Mew of the state of affairs of the church and of the incoming resources and application of resources of the church for that year. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then appty them consistentty.. - observe the methods and principles in the Charities SORP 2015 (FRS 102). make judgements and estimates Ihat are reasonable and prudent-, stste whether applicable acaiunting standards have been followed, subject to any material departures disclosed and èxplained in the financial statements- and prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial postlion of the church and enable them to ensure that the financial ststemenls Comply with the Charities Act Northem Ireland (2008}. the Charity (Accounts and Reports) Regulations (Northern Ireland) 2015 and the provisions of the tru51 deed. They are also responsible for safeguarding the assets of the church and hence for taking reasonable steps for the prevention and delection of fraud and other irregularilies. The truptees, rep was approved by the Board of Truslees. Pastor Trustée Dated..
WHITEWELL METROPOLITAN TABERNACLE INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF WHITEWELL METROPOLITAN TABERNACLE Opinion We have audited the financial statements of Whitewell Metropolitan Tabemacle (the 'church') for the year ended 30 September 2023 which comprise the statement of financial activities. the statement of finanoal position, the statement of cash flows and the notes to the financial statements, including a summary of significanl accounling policies. The financial reporting fratnework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, induding Finanual Reporting Standard 102 The Financial Reporting Standa1 applicab18 in the UK and R8public of Iland (United Kingdom Generalty Accepled Accounting Praclice). In our opinion, the financial statements.. give a trLJe and fair view of the state of the church affairs as at 30 September 2023 and of its incoming resources and application of resources, for Ihe year then ended; have been properly prepared in accordance with United Kingdom Generally Apted Accounting Practice", and have been prepared in accordance with the requirements of the Charities Act (Northern Ireland) 2008. Basis for opinion We conducted our audit in accordance wtth Intemational Slandards on Auditing (UK) IISAS (UKI) and applicable law. Our responsibilities undef those standards are fijrther described in the Auditovs rosponsibil'&S for the audit of the financial statements section of our report. We are independent of the church in accordance with the ethical requirements that are relèvant lo our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordan with these requirements. We believe that the audit ewdence we have obfained is suffiuent and appropriate to provide a basis for our opinion. Conclusions relating to going concem In auditing the financial statements, we have concluded that the tTUStees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfomied, we have not identified any material uncertainties relatin9 to events or conditions that, individually or colleclivety, may cast significant doubt on the church's ability to continue as a going concem for a period of at least twelve rnonths from when the financial stalemenls are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going conrn are described in the relevant sections of this report.
WHITEWELL METROPOLITAN TABERNACLE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF WHITEWELL METROPOLITAN TABERNACLE Other information The other information comprises the information included in the annual report other than the financial statements and our auditorfs report thereon. The Iruslees are responsible for the other information contained within the annual report. Our opinion on the financial stalemenls does not cover the other information and we do not express any form of assurance conclusion Ihereon. Our responsibilty is to lead Ihe other infomiation and, in doing so, consider whether the other information is malerially inconsistent wlh the finanryal statements or our knowledge oblained in the course of the audit, or otherwise appears to bè materially misststed. If we identify such material inconsistencies or apparent material misslatements, we are required lo determine whether this gives rise to a malerial misslatement in the fnanCIal statements themselves. If. based on the work we have perfotmed, we condude thal there is a material misstatement of this other information. we are requiied to report that fact. We have nothing lo report in this regard. Matters on which we are required to report by exception We havè nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulation5 {Northem Ireland) 2015 require us to report to you if, in our opinion-. the information given in the financial statemenls is inconsistent in any material respect W5th the trustees, report., or sufficienl accounting records have not been kept-. or the financial slatements are not in agreement with the accounlin9 records- or we have not received all the information and explanalions we require for our audit. Responsibilities of trustees As explained more fully in the statement of truslees. responsibilities. the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such internal conlrol as the trustees detemine is necessary to enable the preparation of financial statements that are free from matèrial misstatement. whether due to fraud or error. In preparing the financial statements, Ihe trustees are responsible for assessing the church's abilty lo continue as a going concern, disctosing, as applicable. matters related to going concem and using the going concern basis of accounting unless the trustees either intend to cease operations, or have no realistic altemative but to do so. Auditorfs responsibillties for the audit of the financial statements We have been appointed as audilor under section 65(2) of the Charities Act (Northern Ireland ) 2008 and report in accordance with regulations made under section 66 of that Act. Our objedives are lo obtain reasonable assurance about whether the financial statements as a whole are free from material rnisststement, whether due to fraud or error, and to issue an audilofs report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee thal an audit conducted in accordance with ISAS (UK) will always delect a material misstatement when rt exisls. Misstatements can arise from fraud or error and arè considered material if. individually or in the aggregate, they could reasonably be expected to influence the economic derysions of users taken on Ihe basis of these financial slatemenls.
WHITEWELL METROPOLITAN TABERNACLE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF WHITEWELL METROPOLITAN TABERNACLE Extent to which the audit was considered capable of detecting irregularities, including fraud We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error. and then design and perfom audit procedures responsive to those risks. induding obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion. In identifying and assessing potential risks of material misstalement in resped of irregularities, including fraud and non-cornplians with laws and regulations, we considered the foll0llng.. The nature of the industry and seclor. control environment and business perfomiance. induding the charity's remuneration policies for tTUStees, bonus levels and performan targets. if any., Results of our enquiries of management about their own identification and assessment of the risks of irregularities; Any matters we identified having obtained and reviewed the church's documentation of their policies and procedures relating to.. Identifying. evaluating and complying with laws and regulations and whether they were aware of any instance of non-complian., Detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fTaud,' and The intemal controls established to mitigate risks of fraud or non-complian with laws and regulations-. The matters disckjssed among the audit engagement team regarding how and where fraud might occur in the financial slalements and potential indicators ol fraud. As a result of these procedures, we considered the opportunities and incentives that may exist within the church for fraud and identif1ed the greatest potèntial for fraud in income recognilion. In common with all audits under ISAS (UK), we are also required to perfomi specific pn)cedure5 to respond to the risk of management override. We also obtained an understanding of the legal and regulalory frameworks that the church operates in, focusing on provisions of those laws and regulations thal had a direct effecl on Ihe determination of malerial amounts and disclosures in the financial statements. The key laws and regulations we considered in this context induded Part 4 of the Charities (Accounts and Reports) Regulations {Northem Ireland) 2015, and local tax legislation. In addition. we considered provisions of other laws and regulalions that do not have a direcl effect on Ihe financial statements bul compliance with which may be fundamentsl to the thurch's abilty to operate or to avoid a material penalty.
WHITEWELL METROPOLITAN TABERNACLE INDEPENDENT AUDITOR'S REPORT (Co[lNUED> TO THE TRUSTEES OF WHITEWELL METROPOLITAN TABERNACLE Audit Yesponse to risks identified Our procedures to respond lo the risks identified induded the folk)wing- Rewewing the finarscial statement disctosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulalions described as having a direct effect on the financial statements- Enquiring of management concerning adual and potential litigation and claims- Performing analytical procedures to identify any unusual or unexpected relalionships thal may indicate rysks of material misstatement due lo fraud- Reading minutes of meetings of those charged wilh governance and rewewing ¢orrespondence with lax authorities. and In addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments. assessing whether the judgement5 made in making accounting estimates are indicalwe c>f a potenlial bias,. and evaluating the business rationale of any significant transactions that are unusual or outside Ihe nomal course of business. We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-complian wtlh laws and regulations throughout the audit. Owing to the inherent limitations of an audit, there is an unavoidabk risk that we may not have detected some material misslalements in Ihe financial statements. even though we have properly planned and performed our audit in accordance with audiling standards. In addttion, as with any audit, there remains a higher risk of non-detection of irregularities, as they may involve collusion, forgery, intentional omissions. misrepresentations, or the override of internal controls. We ale not responsible for preventing norFcomplIan and cannot be expected to detect non- compliance with all laws and regulations. A further description of our responsibilities is available on the Financial Reporting Council's websile at-. https-.11 www.frc.org.uklauditorsresponsibil(ties. This descripb.on fomis part of our auditorfs report.
WHITEWELL METROPOLITAN TABERNACLE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF WHITEWELL METROPOLITAN TABERNACLE Use of our report This report Is made solety to the charitys trustees, as a bcdy, in accordance with part 4 of the Chafities (Accounts and Reports) Regulations (Northem Ireland) 2015. Our audit work has b*n undertaken so that we might state to Ihe charity's trustees those matters we are required to state to them in an audrtors. report and for no olher purpose. To the fullest extent pemitlled by law, we do not acpt or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work. for this report. or for the opinions we have fomed. Mr Stephèn Houston FCA {Senior Statutory Auditorl for and on behalf of GMCG USBURN Chartered Accountants ststutory Auditor Century House 40 Crescent Business Parf( Lisbum 8T28 2GN GMCG LISBURN is eligible for appointment as auditor of the church by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006. 10-
WHITEWELL METROPOLITAN TABERNACLE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2023 Unrestricted Unrestricted funds funds 2023 2022 Notes Income from: Donations and legacies Other trading activities Investments 1,423.094 13,460 36,770 1,375,612 7,952 15,662 Totsl income 1,473,324 1,399,226 enditure on: Chantable activities 1,562,263 1,435,618 Net expenditure for the yearl Net movernent in funds (88,939) (36,392) Fund balances at 1 October 2022 7,801,926 7,838,318 Fund balances at 30 Septsmber 2023 7,712,987 7,801,926 The statement of financial activities indudes all gains and losses recogniséd in the year. All income and expenditure derive from continuing aclivrties. 11
WHITEWELL METROPOLITAN TABERNACLE sTATEmEr OF FINANCIAL POSITION AS AT 30 SEPTEMBER 2023 2023 2022 Notss Fixed assets Tangible assèts Current assets Debtors Investments Cash at bank and in hand 11 5.849,244 5,813,450 12 13 80,748 1.124,274 689,541 61,775 1,326,051 641,340 1,894.563 2,029,166 Creditors: amounts falling due within one year 14 (30.820) (40.690) Net current assets 1,863.743 1,988,476 Total assets less current liabilttles 7,712,987 7,801,926 Income funds Unrestricted funds 7.712,987 7,801,926 7.712,987 7,801,926 The ffinancial statyents were approved by the Board of Trustees. authorised for issue on ....... an signed on their, half by Pastor Davi T&tee 12-
WHITEWELL METROPOLITAN TABERNACLE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2023 2023 2022 Notes Cash flows from operating activities Cash (absorbed by)Igenerated from operations 18 (81.33n 3,674 Investing activities Purchase of tangible fixed assets Proceeds on disposal of tangible fixed assets Sale of current asset investmènls Interest received (109,809) (46,488) 17,950 (3,451) 15.662 201,777 36.770 Net cash generated fromllused in) Investing activities 129,538 {16,32n Net increasel(decreasel in cash and cash equivalents 48,201 {12,653} Cash and Gash equivalents al beginning of year 641,340 653,993 Cash and cash equivalents at end of year 689,541 641,340 13-
WHITEWELL METROPOLITAN TABERNACLE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEM8ER 2023 Accounting policies Charity infonnation Whitewell Metropolitan Tabemacle is a unincorporated charity registered in Northern Ireland. The registered office is 837- 869 Shore Road. Belfasl, Co Antrim, BT15 4HS. 1.1 Accounting convention The financial statements have been prepared in accordance with the church's twst deed, the Charities Act (Northern Ireland) 2008 and "Accounting and Reporting by Charities.. Ststement of Recrjmmended Practice applicable to charities preparing their accounts in accordance w5th the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)" (as amended for accounting periods commencing from 1 January 2019). The church is a Public Benefit Enlty as defined by FRS 102. The financial slalemenls are prepared in sterling. which is the fvndional currency of the church. Monetsry amounts in these financial slatements are rounded lo the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopled are set out below. 1.2 Going concern At the lime of approving the financial statemenls, the trustees have a reasonable expectation that the church has adequate resources lo Gontinue in operational existen for the foreseeable future. Thus the trustees continue to adopt Ihe going cOnrn basis of aGcounling in preparing the financial statements. 1.3 Charitsble funds Unrestricted fund5 are available for use at the diSCretn of the tnjslees in furtherance of their tharitable objectives. Restricted funds are subject lo specific conditions 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 financial statements. 1.4 Income Income is recognised when Ihe church is legal entitled to it after any Performan CA)nditions have been mel, the amounls can be measured reliably, and it is probable that income will be re(*ived. Cash donations are recognised on receipt. other donations are recognised once the church has been notified of the donation. unless perf0rrnan conditions require deferral of the amount. Income tax recoverable in relation lo donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Le9a¢ies are recognised on receipt or othetwise rf the church has been not5fied of an impending distribution, the amount is known, and reIpl 15 expected. If the amount is not known, the legacy is treated as 8 contingent asset. Assets given for use by the church are recognised when receivable. 1.S Expendlture Expenditure is rècognised on an acctuals basis as a liability is incuffed. Charitable expenditure comprises those costs incurred by the chanty in the delivery of it5 activities and services for its beneficiaries. It indudes bolh cosls Ihat can be allorAted direcuy lo such activities and those costs of an indirect nature to support them. Support costs are those funclions that assist work of the charity bul do not directly undertake charitsble activities. Support and other costs have been allocated to charitsble adivities based on actual usage by that aGtivity. 14-
WHITEWELL METROPOLITAN TABERNACLE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Accounting policies (Continued) 1.6 Tangible fixed assets Tangible fixed assels are initially measured at cosl and subsequentty measured at cost or valuab-on, nel of depreciation and any impaimient losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases- Land and buildings Planl and equipment Fixtures and fittings Motor vehides 2°/0 Straight Line 250fi Slraight Line 250A Straight Line 250A Straight Line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and Ihe carying value of the asset. and is legnised in the statemenl of financial activities. 1.7 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposTts held at call wilh banks, other shott-temi liquid investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilsties. 1.8 Flnancial instruments The church has elected to apply the provisions of Section 11 'Basic Finanaal Inslruments, and Section 12 'Olher Financial Instruments Issues, of FRS 102 to all of its financial instrurnents. Financial instruments are recognised in the church's balance sheel when the church becomes party to the contractual provisions of the instrument. Financial assels and liabilities are offset, with Ihe net amounts presenled in the financial statements, when there is a legally enforceable nght to set off the recognised amounts and there is an intention lo settle on a net basis or to realise the asset and settle Ihe liabilty simultaneously. Basic financial assets Basic financial assels, which include deblors and cash and bank balances, are inrtialty measured at transaction price including transaction costs and are subsequentty carried at amortised cost using Ihe effective interest method unless the arrangement ca)nstitutes a finar)ang transaclion, where the transaction is measured al the present value of the fLrture receipts discounted at a market late of interest. Financial assels dassified as receivable within one year are nol amortised. Basic financial liabilities Basic financial liabililies. including creditors and bank loans are initialty recognised at transaction price unless the arrangement const'rtules a financing transaction. where the debt instrument is measured at the piesent value of thè future paymenls discounted at a market rale of interest. Financial liabilities dassified as payable within one year are not amortised. Debt instruments are subsequenlly carried al amortised cost. using the effectple interest rate method. Trade creditors are obligalions to pay foT goods or services that have beèn acquired in the ordinary course of operations from suppliers. AmDunts payable are dassified as current liabilities if payment is due within one year or less. If nol, they are presented as non-currenl liabilities. Trade creditors are recognised initially at transaction pri and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the church's contiaclual obligations expire or are discharged or cancelled. 15-
WHITEWELL METROPOLITAN TABERNACLE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEM8ER 2023 Accounting Policies (Continued) 1.9 Employee benefits The cost of any unused holiday entitlement is recognised in the perd in which the employee's serVIS are received. Termination benefrts are fecognised immediatety as an expense when the church is demonstrably commttted to terminale the employment of an employee or to provide lermination benefits. 1.10 Retirernent benefits Payments to defined contribution retirement benefit schemes are charged as an expense as Ihey fall due. 1.11 Leases Rentals payable under operating leases. induding any lease incentives received, are charged as an expense on a straight line basis over the term of Ihe relevant lease. 1.12 Accumulated funds Unrestrcted funds are the result of the charity's Strategic objective to establish reseNes which will allow il to continue operating for a period of six to nine months from the balance sheet date. Critical accounting estimates and judgements In the application of Ihe church's accounting policies. the trustees are required to make judgements, estimates and assumptions about the carrying amount of a5sels and liabilities that are not readily apparent from other sources. The estimates and associated assumplions are based on historical experience and other fadors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting eslimates are recognised in the period in which Ihe estimate is revised whefe the revision affects only that period, or in the period of the rewsion and future periods where the revision affects bolh current and future periods. Key sources of estimation uncertainity Flxed assets The annual depreciation charge on fixed assets depends primarily on the estimated lives of each type of asset and estimates of residual values. The direclors regularty review these assets lives and change them as necessary to reflect current thinking on remaining lives in light of prospective economic utilisation and physical condition of the assets concerned. Changes in assets lives can have a significant impact on depreciation charges for thè period. Detail of the useful lives is induded in the accounting policies. Donations and legacies Unrestricted Unrestricted funds funds 2023 2022 Donations and gifts 1,423,094 1,375,612 Donations and gifts relate to advancement of religion. It 15 at the discretion of the Trustee's how funds are allocated belween Northern Ireland, Kenya and Ethp1a. 16-
WHITEWELL METROPOLITAN TABERNACLE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Other trading activities Unrestricted funds Total 2023 2022 other income Advertising income 9.660 3,800 7,952 other trading actimlies 13,460 7,952 Inveslments Unrestricted Unrestricted funds funds 2023 2022 Interest receivable 36,770 15.662 17-
WHITEWELL METROPOLITAN TABERNACLE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Charitable activities Advancent of religion in: Northern Ethiopia Kenya Ireland Total 2023 Totsl 2022 Staff cost5 Depreciation & disposal of fixed assets Children and youth WOTk Travel missions Home Missions Social functions and rallies Ethiopia expenses Kenya expenses Audio visual ministry Abide conference 669.377 73.215 3,T77 13,361 27,522 17,125 920 920 671,217 73,215 3,777 13,361 27,522 17,125 104,319 76,082 36,121 300 661,434 52,049 3,939 16,039 46,693 11,346 119,880 95,046 28,317 104.319 76.082 36,121 300 840.798 105.239 77,002 1.023,039 1,034,743 Share of support costs (see note n Share of govemance cosls (see note 524,884 524,884 386,265 7) 14,340 14,340 14,610 1,380,022 105,239 77,002 1.562,263 1,435,618 Unrestficted ndS 1,380,022 105.239 77,002 1.562,263 1.380.022 105,239 77,002 1,562,263 For the year ended 30 Septsmber 2022 Unrestricted funds 1.216.234 122,109 97,275 1,435,618 1.216.234 122,109 97,275 1,435.618 18-
WHITEWELL METROPOLITAN TABERNACLE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Support costs Support Governance costs costs 2023 2022 &tsis of allocation Rales Insurance Light and heat Maintenance Adverts & literature Telephone and postage Motor expenses Operating leases Bank charges Sundry expenses 18,293 70,992 94,915 245,542 25,042 8.153 45,393 9.941 5,375 1,238 18,293 70,992 94.915 245.542 25,042 8.153 45,393 9,941 5,375 1.238 17.044 Useage 64.838 Useage 114,563 Useage 95.462 Useage 23,734 Useage 7,175 Useage 49.016 Useage 9,941 Useage 4.128 Useage 364 Useage Audit fees Accounlancy 7.200 7,140 7.200 7,140 7,2c(i Goveman 7,410 Govemance 524.884 14.340 539,224 400.875 Analysed belween Charitable aclivities 524,884 14,340 539,224 400,875 Governance costs comptises payments to the auditors of £7.200 (2022- £7,200) for audit ServIS and £6,660 {2022 - £7,410) for the provision of accounts preparats'on and taxation services. Trustees Ouring the year remuneration and other beneffts were paid to Pastor David Purse of £49,841 (2022 - £50.412) and Pastor Shaw Higgins of £43,497 {2022 - £46.889) for employment by the church as Pastors. Employees The average monthly number of employees during the year was: 2023 Number 2022 Number 22 21 Employment costs 2023 2022 Wages and salaries Redundancy costs Social security costs Other pension costs 564,318 547,963 12,699 49,401 51,371 62,356 671,217 661,434 19-
WHITEWELL METROPOLITAN TABERNACLE NOTES TO THE FINANCIALSTATEMENTS ICONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Employees (Continued) There were no employees whose annual emoluments were £60,000 or more. There were no employees whose annual remuneration was more than £60,000. 10 Taxation As a charity all profils from trading actNities and invesknent income are used for chartsble purposes and Ihus no liabilrty lo corporation tax arises. 11 Tangible fixed assets Land and Plant andFixtures and buildings equipment fittings Motor vehicles Total Cost At 1 October 2022 Additions Disposals 6,133.255 7,638 1.513,577 76,221 (31,880) 165,589 33,588 (25,503) 7,820,059 109,809 (57,383) At 30 September 2023 6,133.255 7.638 1.557,918 173,674 7,872,485 Depreciation and impairnient At 1 October 2022 Depreciation charged in the year Eliminaled in Fespect of disposals 450,734 32,669 7,638 1.382,948 32,849 (31,880) 165,289 8.497 (25,503) 2,006,609 74,015 (57,383) At 30 September 2023 483.403 7.638 1,383,917 148,283 2,023.241 Carrying amount At 30 September 2023 5.649.852 174.001 25,391 5,849,244 At 30 September 2022 5.682.521 130,629 300 5,813,450 12 Debtors 2023 2022 Amounts falling due within one year: Other debtors Prepayments and accrued income 57,743 23.005 41,639 20,136 80,748 61,775 -20-
WHITEWELL METROPOLITAN TABERNACLE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 13 Current asset investments 2023 2022 Unlisted investmenls 1,124,274 1,326,051 The Irustees have invested monies to ensure greater financial protection and higher interest rates. 14 Creditors: amounts falling due within one year 2023 2022 Other taxation and social security Other creditors Accruals and deferred income 12 17,400 13,408 12,893 11,534 16,263 30,820 40,690 15 Operating lease commitments At the reporting end date the church had OLrtstanding commitments for fvture minimum lease payments under non-cancellable operating leases, which fall due as fdlows: 2023 2022 Within one year Between and five years 9,941 2,485 9,941 12,426 12.426 22,367 16 Capital commilments 2023 2022 At 30 Septèmber 2023 the churth had capital commitments as follows". Contracted for but not provided in the financial slatements= Acquisition of langible assets 75,023 17 Related party transactions Remuneration of key management personnel The remuneration of key management personnel is as follows. 2023 2022 Aggregate compènsation 300,403 313,873 21
WHITEWELL METROPOLITAN TABERNACLE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED> FOR THE YEAR ENDED 30 SEPTEMBER 2023 18 Cash generated from operations 2023 2022 Deficit for the year (88,939) (36,3921 Adjustments for.. Investment income recognised in statement of financial activities Gain on disposal of tangible fixed assels Depreciation and impairment of tangible fixed assets Donated fixed assets (36.770) (800) 74,015 (15,662} (17,950} 70,000 (4001 Movements in working capital- {Increase)Idecrease in debtors {Decrèase) in creditors {18,973) (9,870) 18,044 {14,366> Cash labsorbed by)Igenerated from operations (81,33n 3,274 19 Analysis of changes in netfunds The church had no debt during the year. -22-