Woodham Christian Centre Ltd.,Ltd - AccountsChartiy- Accounts

WOODHAM CHRISTIAN CENTRE LTD. - Company Information

2016-11-01 02813517 2017-10-31 02813517 2016-11-01 2017-10-31 02813517 uk-bus:Director1 2016-11-01 2017-10-31 02813517 uk-bus:Director1 2017-10-31 02813517 uk-bus:Director2 2016-11-01 2017-10-31 02813517 uk-bus:Director2 2017-10-31 02813517 uk-bus:Director3 2016-11-01 2017-10-31 02813517 uk-bus:Director3 2017-10-31 02813517 uk-bus:Director4 2016-11-01 2017-10-31 02813517 uk-bus:Director4 2017-10-31 02813517 uk-bus:Director5 2016-11-01 2017-10-31 02813517 uk-bus:Director5 2017-10-31 02813517 uk-bus:Director6 2016-11-01 2017-10-31 02813517 uk-bus:Director6 2017-10-31 02813517 uk-bus:Director7 2016-11-01 2017-10-31 02813517 uk-bus:Director7 2017-10-31 02813517 uk-bus:Director8 2016-11-01 2017-10-31 02813517 uk-bus:Director8 2017-10-31 02813517 uk-bus:Director9 2016-11-01 2017-10-31 02813517 uk-bus:Director9 2017-10-31 02813517 uk-bus:Director10 2016-11-01 2017-10-31 02813517 uk-bus:Director10 2017-10-31 02813517 uk-bus:CompanySecretary1 2016-11-01 2017-10-31 02813517 uk-char:TotalUnrestrictedFunds 2016-11-01 2017-10-31 02813517 2016-10-31 02813517 2015-11-01 2016-10-31 02813517 uk-core:WithinOneYear 2017-10-31 02813517 uk-core:WithinOneYear 2016-10-31 02813517 uk-core:AfterOneYear 2017-10-31 02813517 uk-core:AfterOneYear 2016-10-31 02813517 uk-char:TotalUnrestrictedFunds 2017-10-31 02813517 uk-char:TotalUnrestrictedFunds 2016-10-31 02813517 uk-core:LandBuildings 2016-11-01 2017-10-31 02813517 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2016-10-31 02813517 uk-core:RevaluationsIncreaseDecreaseInInvestments uk-core:Non-currentFinancialInstruments 2017-10-31 02813517 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2017-10-31 02813517 uk-core:WithinOneYear 2017-10-31 02813517 uk-core:WithinOneYear 2016-10-31 02813517 uk-core:WithinOneYear uk-core:Secured 2017-10-31 02813517 uk-core:WithinOneYear uk-core:Secured 2016-10-31 02813517 uk-core:AfterOneYear 2016-10-31 02813517 uk-core:AfterOneYear 2017-10-31 02813517 uk-core:AfterOneYear uk-core:Secured 2016-10-31 02813517 uk-core:AfterOneYear uk-core:Secured 2017-10-31 02813517 uk-char:TotalUnrestrictedFunds uk-char:MaterialFund1 2016-11-01 2017-10-31 02813517 uk-char:TotalUnrestrictedFunds uk-char:MaterialFund1 2015-11-01 2016-10-31 02813517 uk-char:TotalUnrestrictedFunds 2015-11-01 2016-10-31 02813517 uk-char:MaterialFund1 2016-11-01 2017-10-31 iso4217:GBP 02813517 uk-bus:AuditExemptWithAccountantsReport 2016-11-01 2017-10-31 02813517 uk-bus:FRS102 2016-11-01 2017-10-31 02813517 uk-bus:FullAccounts 2016-11-01 2017-10-31

Draft

(England and Wales)

Company number: 02813517

Woodham Christian Centre Ltd.

For the year ended 31 October 2017

Report of the Trustees and Unaudited Financial Statements

Draft

For the year ended 31 October 2017

Woodham Christian Centre Ltd.

Contents Page

1 to 3

Report of the Trustees

Independent Examiner's Report to the Trustees

Statement of Financial Activities

Statement of Financial Position

7 to 11

Notes to the Financial Statements

Draft

For the year ended 31 October 2017

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 2017. 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 £28488(2016 £31961) 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.

1 of 11

Draft

For the year ended 31 October 2017

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

2 of 11

Draft

For the year ended 31 October 2017

Woodham Christian Centre Ltd.

Report of the Trustees Continued

.............................................................................

Approved by the Board of Trustees and signed on its behalf by

15 December 2017

R FosterSecretary

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Draft

For the year ended 31 October 2017

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 2017.

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 2017

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Draft

For the year ended 31 October 2017

Woodham Christian Centre Ltd.

Statement of Financial Activities (including Income and Expenditure Account)

2016

Unrestricted

funds

Notes

Income and endowments from:

Investments

101,585

132,573

Total

101,585

132,573

Expenditure on:

Raising funds

(6,000)

(15,000)

Charitable activities

(55,477)

(106,754)

4/5

Total

(61,477)

(121,754)

Net gains on investments

2,380

21,142

Other recognised gains/losses

Net movement in funds

42,488

31,961

Reconciliation of funds

Total funds brought forward

1,019,698

1,051,659

Total funds carried forward

1,094,147

1,051,659

5 of 11

Draft

As at 31 October 2017

Woodham Christian Centre Ltd.

Statement of Financial Position

Registered Number :

02813517

Notes

2017

2016

Fixed assets

Tangible assets

1,092,170

1,123,631

Investments

83,279

80,899

10/11

1,175,449

1,204,530

Current assets

23,000

Debtors

Cash at bank and in hand

49,973

51,327

72,973

74,327

Creditors: amounts falling due within one year

(21,737)

(65,737)

Net current assets

51,236

8,590

Total assets less current liabilities

1,226,685

1,213,120

Creditors: amounts falling due after more than one year

(132,538)

(161,461)

Net assets

1,094,147

1,051,659

The funds of the charity

Unrestricted income funds

1,094,147

1,051,659

Total funds

1,094,147

1,051,659

For the year ended 31 October 2017 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 2017

W Horn

6 of 11

Draft

For the year ended 31 October 2017

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. Investment income

2016

2017

Unrestricted funds

Income from investment

properties

101,585

132,573

101,585

3. Expenditure on generating donations and legacies

2016

2017

Unrestricted funds

Donations

15,000

6,000

15,000

4. Costs of charitable activities by fund type

2016

2017

Unrestricted funds

106,754

55,477

Support costs

5. Costs of charitable activities by activity type

2016

2017

Activity 2

106,754

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Draft

For the year ended 31 October 2017

Woodham Christian Centre Ltd.

Notes to the Financial Statements Continued

6. Analysis of support costs

2016

2017

Governance costs

55,477

106,754

7. Net income/(expenditure) for the year

This is stated after charging/(crediting):

2017

2016

Depreciation of owned fixed assets

31,461

8. Comparative for the Statement of Financial Activities

The comparative year values on the Statement of Financial Activites are for unrestricted funds.

9. Tangible fixed assets

Land and

buildings

Cost or valuation

1,573,080

At 01 November 2016

At 31 October 2017

1,573,080

Depreciation

449,449

At 01 November 2016

Charge for year

31,461

480,910

At 31 October 2017

Net book values

At 31 October 2017

At 31 October 2016

1,092,170

1,123,631

8 of 11

Draft

For the year ended 31 October 2017

Woodham Christian Centre Ltd.

Notes to the Financial Statements Continued

Investments

10. Analysis of movement of commercial investments

Investments

subsidiaries

Market value at 01

November 2016

80,899

Net gain/(loss) on

revaluation

2,380

Market value at 31

October 2017

83,279

11. Analysis of investments between funds as at year ended 31 October 2017

2016

2017

Unrestricted funds

Investments in subsidiaries and

related undertakings

83,279

80,899

83,279

80,899

12. Debtors

2017

2016

Amounts due after more than one year:

Other debtors

23,000

9 of 11

Draft

For the year ended 31 October 2017

Woodham Christian Centre Ltd.

Notes to the Financial Statements Continued

13. Creditors: amounts falling due within one year

2017

2016

Loans and overdrafts

21,000

65,000

Other creditors

278

Accruals and deferred income

459

21,737

65,737

The following liabilities disclosed under creditors falling due within one year are secured by the charity:

Bank loans and overdrafts

21,000

65,000

21,000

65,000

14. Creditors: amounts falling due after more than one year

2017

2016

Loans and overdrafts

161,461

132,538

161,461

The following liabilities disclosed under creditors falling due after more than one year are secured by the charity:

Bank loans and overdrafts

161,461

132,538

161,461

15. Movement in funds

Unrestricted Funds

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

10 of 11

Draft

For the year ended 31 October 2017

Woodham Christian Centre Ltd.

Notes to the Financial Statements Continued

Unrestricted Funds - Previous year

Balance at

01/11/2015

Incoming

resources

Outgoing

resources

Gains and

losses

Balance at

31/10/2016

General

1,019,698

132,573

(121,754)

21,142

1,051,659

General

1,019,698

132,573

(121,754)

21,142

1,051,659

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.

16. Analysis of net assets between funds

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

Previous year

Tangible

fixed assets

Investments

Net current

assets /

(liabilities)

Creditors >

one year

Net Assets

Unrestricted funds

General

1,123,631

80,899

8,590

(161,461)

1,051,659

General

1,123,631

80,899

8,590

(161,461)

1,051,659

11 of 11