Woodham Christian Centre Ltd.,Ltd - AccountsChartiy- Accounts

Woodham Christian Centre Ltd.,Ltd - AccountsChartiy- Accounts

WOODHAM CHRISTIAN CENTRE LTD. - Company Information

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2017-11-01 02813517 2018-10-31 02813517 2017-11-01 2018-10-31 02813517 uk-bus:Director1 2017-11-01 2018-10-31 02813517 uk-bus:Director1 2018-10-31 02813517 uk-bus:Director2 2017-11-01 2018-10-31 02813517 uk-bus:Director2 2018-10-31 02813517 uk-bus:Director3 2017-11-01 2018-10-31 02813517 uk-bus:Director3 2018-10-31 02813517 uk-bus:Director4 2017-11-01 2018-10-31 02813517 uk-bus:Director4 2018-10-31 02813517 uk-bus:Director5 2017-11-01 2018-10-31 02813517 uk-bus:Director5 2018-10-31 02813517 uk-bus:Director6 2017-11-01 2018-10-31 02813517 uk-bus:Director6 2018-10-31 02813517 uk-bus:Director7 2017-11-01 2018-10-31 02813517 uk-bus:Director7 2018-10-31 02813517 uk-bus:Director8 2017-11-01 2018-10-31 02813517 uk-bus:Director8 2018-10-31 02813517 uk-bus:Director9 2017-11-01 2018-10-31 02813517 uk-bus:Director9 2018-10-31 02813517 uk-bus:Director10 2017-11-01 2018-10-31 02813517 uk-bus:Director10 2018-10-31 02813517 uk-bus:CompanySecretary1 2017-11-01 2018-10-31 02813517 uk-char:TotalUnrestrictedFunds 2017-11-01 2018-10-31 02813517 2017-10-31 02813517 2016-11-01 2017-10-31 02813517 uk-core:WithinOneYear 2018-10-31 02813517 uk-core:WithinOneYear 2017-10-31 02813517 uk-core:AfterOneYear 2018-10-31 02813517 uk-core:AfterOneYear 2017-10-31 02813517 uk-char:TotalUnrestrictedFunds 2018-10-31 02813517 uk-char:TotalUnrestrictedFunds 2017-10-31 02813517 uk-core:LandBuildings 2017-11-01 2018-10-31 02813517 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2017-10-31 02813517 uk-core:RevaluationsIncreaseDecreaseInInvestments uk-core:Non-currentFinancialInstruments 2018-10-31 02813517 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2018-10-31 02813517 uk-core:WithinOneYear 2018-10-31 02813517 uk-core:WithinOneYear 2017-10-31 02813517 uk-core:WithinOneYear uk-core:Secured 2018-10-31 02813517 uk-core:WithinOneYear uk-core:Secured 2017-10-31 02813517 uk-core:AfterOneYear 2017-10-31 02813517 uk-core:AfterOneYear 2018-10-31 02813517 uk-core:AfterOneYear uk-core:Secured 2017-10-31 02813517 uk-core:AfterOneYear uk-core:Secured 2018-10-31 02813517 uk-char:TotalUnrestrictedFunds uk-char:MaterialFund1 2017-11-01 2018-10-31 02813517 uk-char:TotalUnrestrictedFunds uk-char:MaterialFund1 2016-11-01 2017-10-31 02813517 uk-char:TotalUnrestrictedFunds 2016-11-01 2017-10-31 02813517 uk-char:MaterialFund1 2017-11-01 2018-10-31 iso4217:GBP 02813517 uk-bus:AuditExemptWithAccountantsReport 2017-11-01 2018-10-31 02813517 uk-bus:FRS102 2017-11-01 2018-10-31 02813517 uk-bus:FullAccounts 2017-11-01 2018-10-31
(England and Wales)
Company number: 02813517
Woodham Christian Centre Ltd.
For the year ended 31 October 2018
Report of the Trustees and Unaudited Financial Statements
2
For the year ended 31 October 2018
Woodham Christian Centre Ltd.
Contents Page
1 to 3
Report of the Trustees
4
Independent Examiner's Report to the Trustees
5
Statement of Financial Activities
6
Statement of Financial Position
7 to 12
Notes to the Financial Statements
3
For the year ended 31 October 2018
Woodham Christian Centre Ltd.
Report of the Trustees
The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the
financial statements for the charitable company for the year ended 31 October 2018. The Trustees have adopted the
provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS
102) (effective 1 January 2015).
OBJECTIVES AND ACTIVITIES
The objectives of the Charity are the provision of charitable service and the advancement of religion and education.
Objectives and aims
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
ACHIEVEMENTS AND PERFORMANCE
Achievements and Performance during the period: The Charity continues to improve on a financial basis. There were no matters of note. The net incoming resources for the year were £37061(2017 £42488) as set out on the statements of financial activities on page 5. Plans For Future Periods:-The trustees plans for the future are based on establishing the provision of charitable donations and nursing care in the community.
FINANCIAL REVIEW
Financial ControlsThe Charity has its own in house bookkeeper who reports directly to the trustees on all financial matters. The financial systems include computerised bookkeeping and payroll, with reports prepared monthly for management purposes. Tax statusAs the company is recognised by the Charity Commissioners and the Inland Revenue as being established for charitable purposes, it is exempt from the taxation of its surplus. Investment powers and restrictionsThe trustees are able to make investment decisions on behalf of the Charity in line with its objectives and internal rules. The main activity of the parent company is the provision of charitable services and the advancement of religion and education. ResultsThe results for the year, and the charity's financial position at the end of the year are shown in the attached financial statements.
Reserves
The Trustees aim to build up a reserve for general use under the Charity's objectives.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Company is Limited by guarantee governed by its Memorandum and Articles of Association.It is a registered charity ,
registered with the Charity Commission. The Trustees each have a liability of £1 in the event that the Charity is wound up.
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4
For the year ended 31 October 2018
Woodham Christian Centre Ltd.
Report of the Trustees Continued
Recruitment and appointment of trustees
The Articles of Association sets out the basis for the election and removal of Trustees. Trustees Induction and Training:-New Trustees are briefed on their legal obligations under Charity and Company Laws, the content of the Memorandum and Articles of Association, the committee and decision making processes , the business plan and recent financial performance of the Charity. Risk Management:-The Trustees have a risk management strategy which comprises:- annual review of the risks that the Charity may face- the establishment of systems and procedures to mitigate those risks identified in the plan, and the implementation of procedures designed to minimise any potential impact on the Charity should those risks materialise. No risks have occurred in the last financial yea.
REFERENCE AND ADMINISTRATIVE INFORMATION
Woodham Christian Centre Ltd.
Name of Charity
Charity registration number
1035837
02813517
Company registration number
Bethany House
Principal address
Village Close
Woodham Village
County Durham
DL5 4UD
Trustees
The trustees and officers serving during the year and since the year end were as follows:
W Horn
R Horn
K Horn
S Martin
W Jose
G Walvin
M Kersley
C Mills
I Rowland
C Rowland
R Foster
Secretary
C T Brewster BA Hons FCA
Independent examiners
5a Station Terrace
East Boldon
Tyne & Wear
NE36 0LJ
LLoyds Bank Plc
Bankers
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5
For the year ended 31 October 2018
Woodham Christian Centre Ltd.
Report of the Trustees Continued
.............................................................................
Approved by the Board of Trustees and signed on its behalf by
15 December 2018
R FosterSecretary
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6
For the year ended 31 October 2018
Woodham Christian Centre Ltd.
Independent Examiners Report to the Trustees
I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 October 2018.
Responsibilities and basis of report
As the charity Trustees, who are also directors for the purposes of company law, are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiners statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination
giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the requirements of section 396 of the 2006 Act other than any requirement that the
accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended
Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be
drawn in this report in order to enable a proper understanding of the accounts to be reached.
C T Brewster BA Hons FCA
5a Station Terrace
East Boldon
Tyne & Wear
NE36 0LJ
15 December 2018
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7
For the year ended 31 October 2018
Woodham Christian Centre Ltd.
Statement of Financial Activities (including Income and Expenditure Account)
2017
Unrestricted
funds
Notes
£
£
Income and endowments from:
Donations and legacies
45,000
-
2
Investments
96,729
101,585
3
Total
141,729
101,585
Expenditure on:
Raising funds
(12,268)
(6,000)
4
Charitable activities
(79,953)
(55,477)
5/6
Total
(92,221)
(61,477)
Net gains/(losses) on investments
(12,447)
2,380
Other recognised gains/losses
Net movement in funds
37,061
42,488
Reconciliation of funds
Total funds brought forward
1,051,659
1,094,147
Total funds carried forward
1,131,208
1,094,147
5 of 12
8
As at 31 October 2018
Woodham Christian Centre Ltd.
Statement of Financial Position
Registered Number :
02813517
£
£
Notes
2018
2017
Fixed assets
Tangible assets
1,060,709
1,092,170
10
Investments
70,832
83,279
11/12
1,131,541
1,175,449
Current assets
23,000
23,000
13
Debtors
Cash at bank and in hand
37,154
49,973
60,154
72,973
Creditors: amounts falling due within one year
(21,737)
(21,737)
14
Net current assets
38,417
51,236
Total assets less current liabilities
1,169,958
1,226,685
Creditors: amounts falling due after more than one year
(38,750)
(132,538)
15
Net assets
1,131,208
1,094,147
The funds of the charity
Unrestricted income funds
16
1,131,208
1,094,147
Total funds
1,131,208
1,094,147
For the year ended 31 October 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statement were approved and authorised for issue by the Board and signed on its behalf by:
15 December 2018
W Horn
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9
For the year ended 31 October 2018
Woodham Christian Centre Ltd.
Notes to the Financial Statements
1. Accounting Policies
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
2% p.a. Straight line
Land and buildings
2. Income from donations and legacies
2017
2018
£
£
Unrestricted funds
Donations received
-
45,000
-
45,000
3. Investment income
2017
2018
£
£
Unrestricted funds
Income from investment
properties
96,729
101,585
101,585
96,729
4. Expenditure on generating donations and legacies
2017
2018
£
£
Unrestricted funds
Donations
6,000
12,268
12,268
6,000
5. Costs of charitable activities by fund type
2017
2018
£
£
Unrestricted funds
55,477
79,953
Support costs
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10
For the year ended 31 October 2018
Woodham Christian Centre Ltd.
Notes to the Financial Statements Continued
6. Costs of charitable activities by activity type
2017
2018
£
£
Activity 2
79,953
55,477
7. Analysis of support costs
2017
2018
£
£
Governance costs
79,953
55,477
8. Net income/(expenditure) for the year
This is stated after charging/(crediting):
2018
2017
£
£
Depreciation of owned fixed assets
31,461
31,461
9. Comparative for the Statement of Financial Activities
The comparative year values on the Statement of Financial Activites are for unrestricted funds.
8 of 12
11
For the year ended 31 October 2018
Woodham Christian Centre Ltd.
Notes to the Financial Statements Continued
10. Tangible fixed assets
Land and
buildings
Cost or valuation
£
1,573,080
At 01 November 2017
At 31 October 2018
1,573,080
Depreciation
480,910
At 01 November 2017
Charge for year
31,461
512,371
At 31 October 2018
Net book values
At 31 October 2018
At 31 October 2017
1,060,709
1,092,170
Investments
11. Analysis of movement of commercial investments
Investments
in
subsidiaries
£
Market value at 01
November 2017
83,279
Net gain/(loss) on
revaluation
(12,447)
Market value at 31
October 2018
70,832
12. Analysis of investments between funds as at year ended 31 October 2018
2017
2018
£
£
Unrestricted funds
Investments in subsidiaries and
related undertakings
70,832
83,279
70,832
83,279
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12
For the year ended 31 October 2018
Woodham Christian Centre Ltd.
Notes to the Financial Statements Continued
13. Debtors
2018
2017
£
£
Amounts due after more than one year:
Other debtors
23,000
23,000
23,000
23,000
14. Creditors: amounts falling due within one year
2018
2017
£
£
Loans and overdrafts
21,000
21,000
Other creditors
278
278
Accruals and deferred income
459
459
21,737
21,737
The following liabilities disclosed under creditors falling due within one year are secured by the charity:
Bank loans and overdrafts
21,000
21,000
21,000
21,000
15. Creditors: amounts falling due after more than one year
2018
2017
£
£
Loans and overdrafts
132,538
38,750
38,750
132,538
The following liabilities disclosed under creditors falling due after more than one year are secured by the charity:
Bank loans and overdrafts
132,538
38,750
38,750
132,538
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13
For the year ended 31 October 2018
Woodham Christian Centre Ltd.
Notes to the Financial Statements Continued
16. Movement in funds
Unrestricted Funds
Balance at
01/11/2017
Incoming
resources
Outgoing
resources
Gains and
losses
Balance at
31/10/2018
£
£
£
£
£
General
1,094,147
141,729
(92,221)
(12,447)
1,131,208
General
1,094,147
141,729
(92,221)
(12,447)
1,131,208
Unrestricted Funds - Previous year
Balance at
01/11/2016
Incoming
resources
Outgoing
resources
Gains and
losses
Balance at
31/10/2017
£
£
£
£
£
General
1,051,659
101,585
(61,477)
2,380
1,094,147
General
1,051,659
101,585
(61,477)
2,380
1,094,147
Purpose of unrestricted Funds
General
The purpose of the general fund is to meet any expenditure required in order to meet the objectives of the charitable company.
17. Analysis of net assets between funds
Tangible
fixed assets
Investments
Net current
assets /
(liabilities)
Creditors >
one year
Net Assets
£
£
£
£
£
Unrestricted funds
General
1,060,709
70,832
38,417
(38,750)
1,131,208
General
1,060,709
70,832
38,417
(38,750)
1,131,208
11 of 12
14
For the year ended 31 October 2018
Woodham Christian Centre Ltd.
Notes to the Financial Statements Continued
Previous year
Tangible
fixed assets
Investments
Net current
assets /
(liabilities)
Creditors >
one year
Net Assets
£
£
£
£
£
Unrestricted funds
General
1,092,170
83,279
51,236
(132,538)
1,094,147
General
1,092,170
83,279
51,236
(132,538)
1,094,147
12 of 12