The Church (Worldwide) Ministry Ltd Charity No 1070833
Report & Financial Statements 31st Octomber 2023
Coker Isah & Co. Chartered Certified Accountants
The Church (Worldwide) Ministry Ltd
| Charity No 1070833 | |
|---|---|
| INDEX | |
| Page | |
| Charity details | 1 |
| Trustees' Reports | .2- 3 |
| Independent Examiners Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to Financial Activities | 7…8 |
| Detailed Statement of Financial Activities | Appendix |
Page 1 The Church (Worldwide) Ministry Ltd
Charity Details
Charity No 1070833
MANAGEMENT COMMITTEES
Trustees Dr Edmund Anyahawiwe Mr Penti Rasanen
Secretary Dr Edmund Anyahawiwe
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Charity Number Charity No 1070833 Registered Office 32 Davids Road & Forerst Hill Place of worship London SE23 3EN
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Accountants Coker Isah & Co. Chartered Certified Accountants 74 Church Road Crystal Palace London SE19 2EZ
Bankers Natwest Bank 69 The Broadway Southall
Page 2 The Church (Worldwide) Ministry Ltd
TRUSTEES' REPORT for the year ended 31 Oct 2023
The trustees present their report together with the financial statements of the charity for the year ended 31 Oct 2023. The financial statements have been prepared in accordance with the accounting policies set out on page 7 and comply with the charity's trust deed and applicable law.
Trustees
The trustees named on page 1 have served throughout the year. Appointment of trustees is governed by the Trust Deed of the charity. The Board of trustees is authorised to appoint new trustees to fill vacancies arising through resignation or death of an existing trustee.
Investments powers
The Trust Deed authorises the trustees to make and hold investments using the general funds of the charity, but no such investments are presently held.
Constitution, objects and policies
The principal activity of the organization was that of providing advancement of Christian faith
The policy of the charitable Trust continues to be to seek additional donations to continue to run the organisation
The trustees take the day responsibility for running the charity.
Development, activities and achievements
The trustees consider that the performance of the charity this year has been most satisfactory and the average number of members has increased once again this year.
Financial review
Funds available are sufficient to permit the Trust to continue in operation in the medium term, given the continued support of the members. Should this support not continue in the longer term, further financial support would need to be sought to replace it.
Risk Management
The trustees actively review the major risk which the charity faces on a regular basis and believe that maintaining reserves at current levels, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks faced by the charity and confirm that they have established systems to mitigate the significant risks.
Page 3
The Church (Worldwide) Ministry Ltd Charity No 1070833
TRUSTEES' REPORT for the year ended 31 Oct 2023
Future Developments
The charity's activities has increased during the year under review . The trustees are seeking to extend the charity's activities and are pursuing a number of activities to enable this to happen
Reserve policy
It is the policy of the charity to maintain unrestricted funds at a level which provides sufficient funds to cover management and administration and support costs. Unrestricted funds are maintained at least at this level throughout the year.
Statement of trustees' responsibilities
Law applicable to charities in England Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the trustees are required to:
a) Select suitable accounting policies and apply them consistently;
b) make judgments and estimates that are reasonable and prudent;
c) state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements;
d) prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the charities Act 2011 They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approval
This project was approved by the trustees on 28 /03/ 2024 and signed on their behalf
Signed Dr Edmund Anyahawiwe Trustee
Page 4
The Church (Worldwide) Ministry Ltd
Independent Examiner's Report on the Accounts Report the trustees and members of
The Church (Worldwide) Ministry Ltd
Charity No 1070833
The accounts for the year ended 31 Oct 2023 Set out in pages 4-6
Respective responsibilities of the trustees and examiner
The trustees are responsible for the preparation of the accounts, you consider that an audit
is not required under section 144 of the charities 2011 (the act) and does not apply, and that
independent examination is needed
It is my responsibility to
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examine the accounts under section 145 of the Charities Act
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to follow the procedure laid down in the General Directions given by the Charity Commissioners under section 145 (5) (b) of the Act and
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to state whether particular matters have come to my attention
Basis of independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners .
An examination includes a review of the accounting records kept by the charity and a comparison of the accounts
presented with those records .It also includes consideration of any unusual items or disclosures in the accounts and , seeking explanation from you as trustees concerning any such matters. The procedures undertaken do
not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner's statement
In connection with my examination ,no matter has come to my attention
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(1) which give me reasonable cause to believe that in any material in respect the requirements
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to keep accounting records in accordance with section 130 of the Charities Act and
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to prepare accounts accordance with the accounting records and to comply with the accounting requirement of the Act
have not been met.
(2) to which, in my opinion ,attention should be drawn in order to enable a proper understanding of the accounts to be reached.
signed
James Coker Dated 28/ 03 / 2024
MBA FCCA
Relevant qualifications Coker Isah & Co.
Chartered Certified Accountants
74 Church Road London SE19 2EZ
page 6 The Church (Worldwide) Ministry Ltd
| Charity No 1070833 Balance Sheet 31st Octomber 2023 FIXED ASSETS CURRENT ASSETS Bank & cash CREDITORS Amounts falling due within one year Accrual & deferred income Net Current Liabilities CREDITORS Amounts falling due within one year Loan ACCUMULATED FUND Retained Surplus Brought Forward Surplus for the year Retained Surplus Carried Forward |
2023 £ 894,254 73,478 73,478 159,042 159,042 -85,564 808,690 72,425 736,265 2,023 719,775 16,490 736,265 |
2022 £ 894254 72576 |
|---|---|---|
| 72576 | ||
| 174,630 | ||
| 174,630 | ||
| -102,054 | ||
| 792,200 72,425 |
||
| 719,775 | ||
| 2022 704712 15063 |
||
| 719775 |
Approved on 28/03/2024 and singed on behalf of the Trustees
By
signed Dr Edmund Anyahawiwe Trustee Member
Page 5
The Church (Worldwide) Ministry Ltd
Statement of Financial Activities
For the year ended 31 Oct 2022
| Incoming & Expenditure Income: Voluntary Sources- Donation Rental Income TOTAL INCOME Direct Charitable Expenditure: Direct Charitable Expenditure: TOTAL EXPENDITURE Net Income\ ( Expenditure) Fund Balance B/F Fund Balance C\F |
Unrestricted Fund 2023 23318 2950 26268 9778 9778 16490 719775 736265 |
Unrestricted Fund 2022 24806 0 |
|---|---|---|
| 24806 | ||
| 9743 | ||
| 9743 | ||
| 15063 704712 |
||
| 719775 |
The notes on page 6 form part of these accounts
Page 7 The Church (Worldwide) Ministry Ltd
Notes to the Financial Statements For the year needed 31 Oct 2023
1 Accounting policies
1.1 Accounting convention
The financial statements are prepared under historical cost convention and in accordance with The Financial Reporting Standard for Smaller Entities (FRSSE) (effective Jan 2005) and statement of Recommended Practice (SORP 2005) ,and with the Charity Acts 2011
1.2 Incoming Resources
The Income represent the total donation and Income Tax Claimed excluding Value Added Tax , receivable during the year
1.3 Depreciation
Depreciation is provided on tangible Fixed Assets at rate calculated to write off the cost less residual value of each assets over its expected useful life as follows:-
Fixture fitting and equipment NA
1.4 Donation
Donation receivable are credited to the Statement of Financial Activities (SOFA)) in the year for the year which they are received.
1.5 Resources Expended
Resources Expended are included in the Statement of Financial Activities (SOFA) on an accrual basis inclusive of VAT
1.6 Unrestricted Funds
Unrestricted Funds are donations and other incoming resources received or generated for the charitable purposes
1.8 Restricted Funds
Restricted Funds are funds received which can only be used for the specific purpose as laid out by the donor Expenditure which meets this criterion is identified to the fund, together with a fair allocation of overheads costs. During the year there are no restricted fund.
2 Income
The total income of the organization for the year has been derived from its principal activity wholly undertaken in the UK
3 Operating surplus
Operating surplus 2023 2022 Operating surplus is stated after charging £ £ Depreciation of tangible assets 0 0
page 8
The Church (Worldwide) Ministry Ltd
Notes to the Financial Statements
For the year needed 31 Oct 2023
| 4 Fixed Assets Cost 1 Nov. 2022 Additions 30-Oct-23 Depreciation 1 Nov. 2022 Charge for the year 30-Oct-23 Net Book Values 30-Oct-23 31-Oct-22 5 Creditors amount falling due within one year Loan No 1 Corporation tax Other taxes and spcial security Creditor and accrual 6 Summary of Assets by Fund Unrestricted funds bf Net Income\ ( Expenditure) Total |
Freehold Land 894,254 0 894,254 0 0 0 894,254 894,254 2,023 £ 149,966 6,503 1,263 1,310 159,042 719,775 16490 736,265 |
Total 894,254 0 |
|---|---|---|
| 894,254 | ||
| 0 0 |
||
| 0 0 |
||
| 894,254 | ||
| 894,254 | ||
| 2,022 £ 165,614 6,503 1,263 1,250 |
||
| 174,630 | ||
| 704,712 15063 |
||
| 719,775 |
- 7 Trustees Remuneration
Remuneration was paid to only one of the trustees under PAYE Sceheme during the year
Appendix The Church (Worldwide) Ministry Ltd Statement of Financial Activities For the year ended 31 Oct 2023
| Incoming & Expenditure Income: Voluntary Sources- Donation Grant TOTAL INCOME Direct Charitable Expenditure: Rates Computer consumables Light & heating Repairs and maintenace Printing postage and stationery adversiting Telephone Loain Interest Travelling Accountancy Bank Charges General expensis Donation TOTAL EXPENDITURE NET INCOME ( EXPENDITURE) FUND BALANCES B/F FUND BALANCES C\F |
Unrestricted Fund 2023 £ 23318 2950 26268 223 1490 865 45 65 412 5556 340 500 174 108 9778 16490 719775 736265 |
Unrestricted Fund 2022 £ 24806 0 |
|---|---|---|
| 24806 | ||
| 320 235 1200 190 40 394 6083 535 400 147 199 0 |
||
| 9743 | ||
| 15063 704712 |
||
| 719775 |
The notes on page 6 form part of these accounts