# **ANNUAL REPORT AND STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2021**
# **WORD OF FAITH CHRISTIAN MINISTRIES - LONDON**
**CHARITY REGISTRATION No: 1074887**
Independent Examiners Ltd
2 Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF
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## **WORD OF FAITH CHRISTIAN MINISTRIES - LONDON**
## **CONTENTS**
|Page 3|Legal and Administrative Information|
|---|---|
|Page 4|Independent Examiner's Report on the Accounts|
|Page 5|Trustees' Report|
|Page 6|Statement of Receipts and Payments|
|Page 7|Statement of Assets and Liabilities|
|Pages 8 to 10|Notes to the Financial Statements|
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## **WORD OF FAITH CHRISTIAN MINISTRIES - LONDON**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**CHARITY NUMBER** 1074887 **START OF FINANCIAL YEAR** 1st January 2021 **END OF FINANCIAL YEAR** 31st December 2021 **TRUSTEES AT 31ST DECEMBER 2021** Junior Roy Spence Daven Hinkson Yvonne Coghiel (appointed November, 2021) Sharon Adebambo (resigned 6th November, 2021)
The existing trustees appoint any new trustees following the provisions laid out in the Charity's governing instrument.
## **GOVERNING INSTRUMENT**
Declaration of Trust dated 1st December 1998 as amended by Supplemental Deed dated 1st March 1999.
## **OBJECTS**
To advance the Christian faith in accordance with the Statements of Beliefs, to relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve the distressed, the advancement of education and to promote and fulfil such other charitable purposes beneficial to the community in the said London and in such other parts of the UK or around the World as the trustees may from time to time think fit.
## **CORRESPONDENCE ADDRESS**
Word of Faith Christian Ministries PO Box 14071 London N16 0WB
**PRIMARY BANKERS** HSBC Bank Plc 150 Stoke Newington High Street Stoke Newington London N16 7PJ
## **INDEPENDENT EXAMINER**
Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF
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## **INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS**
Report to the Trustees of Word of Faith Christian Ministries - London on the accounts for the year ended 31st December 2021 set out on pages 6 to 10.
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
## It is my responsibility to:
- examine the accounts under section 145 of the Charities Act,
- to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
- to state whether particular matters have come to my attention
## **Basis of independent examiner’s statement**
My examination was carried out in accordance with general directions given by the Charity Commission. 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 explanations from the trustees concerning any such matters.
A number of book-keeping issues were pointed out the the Trustees in a management report and work is underway to improve standards.
The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention
1. which gives me reasonable cause to believe that in, any material respect, the requirements:
- to keep accounting records in accordance with section 130 of the Charities Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Keith Richards
Independent Examiners Ltd
2 Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF
Date: 11th December, 2022
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WORD OF FArrM CHRISTIAN MXNx$fRIES - LONDON
TRUSTEE5 REPORT
FOR THE YeAR ENDED 31ST DECEMBER 2021
The Vlord of F•lth Chri5ti•n Mitii$trf*s Is • Church baa In North London. Fwnded by Pastor Junlor Spence, the ¢hur¢h
began In 1997 wllh t4Yelv* memD¢rs worshlping In a house belon9in9 th one of th05B members. since then th¢ trE
Jtbrted to reTrt tht erfdge Audemy In Shor•dltth, 4$ • pl•¢* of w¢rshlP.
The church seeks to build the kin•d¢m al G¢d Ispr¢•d th¢ Christll Gasp*l of Jesus Chrlstl vla,. regvl•r Sund•¥ Worshlp,
BI• studle5, Sundlly s1, wllnqss c•mp•i9n5. sp•¢iiI ov¢r*•£h Vavth 9rOYW, pr•y¢r m•*tlngs #nd ¢hure
The emjrfh seeks th take an actlve role In try5ng to find solutS0ty1 lo thv •dvffrne oocl•l o•inonal IMu•I •ffe¢tln9
yiwrtg pp1* In London In 9enerol and Hackney In particular,
Inrne., Thq bulk olour INM¢ ¢om•¥ thrwgh tbth• •nd cff•rln9• collected durhp Sund•y wornfvlp. ThE bnnwl t¢*0
ror th•M dcn•tlon$ h•1 d•¢r••i•d to £37.411 In 2QaJ Ilndudlng glf( &14) Irorn £32.L5$ lor th• prnvlous v•v.
Expens.. One ol Ihq lor9QSt éxpenw ¢om•i from hirfng I tull¢lnl to ho tsur w*•kly br$hIP ¥•rvt49 ind •v•nts, Ttt•
nual rotsl for rental expenses and venue hlre w45 É8,736 compor*d lo th• 2020 l*vrt of £6,864
ng th• y•?r, the •Kpen5• InoJrteO e4ftty•ts 01 th• •rtl•t •nd wh• w•r• Invit•d to oup ••ryi
ènd events Whlch came to £1,585 12Q20.' £1.5QO?. Évcni and project CQSli wero E2.365 12020.. £9551. P•stor•l oxpen
ro$i$ were £1,285 12020.. £2,000), Telephone Jnd Internet costs were £1,163 {2020' EI,5301. These were the areJs ol
ImpwltUr• wh•r• molt of th• mon•y *4ai ipent.
Durthg th• cours• ol lh¢ y•ar Word of F•llh Chrfsuan Minisfdes lottter than Coyld rv5trlctbTr5 4pp*ledl contlnued to
wwkly worshlp MThi¢*s, prayer rn¢etln9s and blble studles both lor the mernbern Jnd ¥1sliors, Although we se4k lo
meet hlknyshlp In pernon • numb¢r of Sund•v Servus have boen held onllne via Zoom
Finw¢irylly It hD¥ a chèlleniiNJ yr lor ward of l*th, r•e•ipii •nd •xpentiiturts Mv• In¢r•os*# to v•rkNJ•
4nd 9r•nts ¥¥•ll•bl¢,
The Ch)ritleJ Act 201J requIY¢ lh• rrUste to prepar• #tatementi fqr tach ftnintial ytèr *thtch Qlv* a and
lalr of the stati LTrf otlairn d th* trusr of th• sorplus of lh• truit for th4t perfod. In prnpDrtng th0 hnanclal
tjtiments the inJ51ees ar• requlred lo..
Sdqcl sult•ble •c¢ountlng o011*•1 •nd •pply them consi*t*niiy
M•kA lud9¢ments and oitlmiles that ire reasonable Dnd wudont
Pr•o•re flM•r)¢i•l xtfjt¢m•nt¥ on ¢h• conc b4sls It ll kn•ppropd4to to preJumE that tfu
wlll ¢ontlny? In tril$t•n¢•.
Th• trklSt••s •r• re5PD)75Ible for k••WW prtsp•r •eetyj1]ns r•¢ords, oiido¥• with t*•11• Kcur•¢¥ •t •ny tym•
th• hn4nci41 poiitlon ol the truit. They •re Jlio rt5ptynJlble for 55ttyu•r¢lrtg IM b¥s*t$ ol th• truit •nd Wc• for l•klng
T•i$Dn•bl• sthps ftt th• preventlcn and detecllon of Iraud an4 other Irregularbtle5,
Appmv4d b¥ the Trwtees on t..
S&nDd on thdr l>th•lf by Trvrt••...--,-...
Pdnted N4m•.' Junlor Roy $Tr(¥
## **WORD OF FAITH CHRISTIAN MINISTRIES - LONDON**
## **STATEMENT OF RECEIPTS AND PAYMENTS**
## **FOR THE YEAR ENDED 31ST DECEMBER 2021**
|**Notes**
**RECEIPTS :**
Donations & Legacies
**2a**
Charitable Activities
**2b**
Sundry Income
**2c**
**TOTAL RECEIPTS**
**PAYMENTS :**
Costs of Charitable Activities
**3a**
Governance Costs
**3b**
**TOTAL PAYMENTS**
**NET INCOMING/(OUTGOING) RESOURCES**|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**2021**
**2020**
£
£
**£**
**£**
17,411
-
17,411
32,156
14,778
-
14,778
2,429
-
-
-
140|
|---|---|
||**32,189**
**-**
**32,189**
**34,585**|
||27,181
-
27,181
23,057
730
-
730
2,216|
||**27,911**
**-**
**27,911**
**25,273**|
||**4,278**
-
**4,278**
**9,452**|
|Balances Brought Forward|68,117
-
68,117
58,665|
|**BALANCES CARRIED FORWARD**||
||**72,395**
**-**
**72,395**
**68,117**|
The notes on pages 8 and 10 form part of these Financial Statements.
All operations are continuing operations.
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WORD OF FAITH CHRIMAN Mf141STRIES- LONDON
STATEMENT OF ASSETS AND LIABILITIES
A5 AT 31ST DECEMBER 2021
unr*5tArted
Fund
Yotthl
JJ.DK-21
Tot•1
)1-•¢-10
Fund
ASSIT$
Clih Pund•:
Perntit05tal Credll unlon
caih ot Bank and In
71,527
1.078
7l.52Y
I,t178
65,318
2.799
72,005
Ch*ty Fund•:
Gw•ril Fundi
Autnrted Fund¥
72,395
?Z.39S
6#,117
72,39S
08,117
AM*t• R•taln•d f•r th• Ch•rlty'• own
Equi•nI Cort
UABILITIES
Ind•wnd•rt eumlntrl F•4
1.080
1,080
960
ThvsrEES Aesp014S18ILInes IN RIUTION TO PINAN¢IAL STATEME14TS
Chaty Law regulr•s the Trus1 th prepare nn•n¢i•l statementi for *4ch nnandal Yoèr which comply wlth the
re9ulatlon* srt DUI In the ChaNtW Atl ZOII. Th• Trvsltes have elected to toke advantage ol the provisions that apply to
srnall Ind hive pMp•r•d • •n¢ P•ym•Dts •Md 5t¥terneTht of Assets and uob1l1ti whlch •r4 s•t
out p•ge5 8 Jnd 7.
Approved by th• Twst•tt on th•.....
.2022.
S¥Jn•d ¢Jn th•lr b•h•ll by TN5t••...........,......
nttd Nime.. Junlor Rov $p•n
## **WORD OF FAITH CHRISTIAN MINISTRIES - LONDON**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2021**
## **1. BASIS OF ACCOUNTING**
The accounts have been prepared under the “Receipts and Payments” basis as prescribed by the Charity Commissioners and they meet the appropriate Legal Requirements.
## **2. RECEIPTS**
|**a) Donations & Legacies**
Tithes, Gifts & Offerings
Gift Aid Tax Recovered
**b) Charitable Activities**
Activities & Events
**c) Sundry Income**
Interest|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**2021**
**2020**
£
£
**£**
**£**
17,411
-
17,411
15,771
-
-
-
16,385|
|---|---|
||**17,411**
**-**
**17,411**
**32,156**|
||14,778
-
14,778
2,429|
||**14,778**
**-**
**14,778**
**2,429**|
||-
-
-
140|
||**-**
**-**
**-**
**140**|
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## **WORD OF FAITH CHRISTIAN MINISTRIES - LONDON**
## **NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2021**
## **3. PAYMENTS**
|**a) Costs of Charitable Activities**
Administrative Expenses
Advertising & Publicity
Artists & Musicians
Bank Charges
Benevolent Fund
Books & CD'S
Charitable Missions
Equipment Costs
Events & Projects
Faith City Expenses
Gifts & Donations
Homeless Outreach
Pastoral Expenses
Rent & Rates
Sundry Expenses
Telephone Costs
Travel & Hospitality
Youth Expenses
**b) Governance Costs**
Independent Examiner's Fee
Insurance Costs|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**2021**
**2020**
£
£
**£**
**£**
-
-
-
-
2,455
-
2,455
435
1,585
-
1,585
1,500
10
-
10
38
752
-
752
1,470
150
-
150
-
-
-
-
-
1,804
-
1,804
370
2,365
-
2,365
955
3,612
-
3,612
3,545
965
-
965
475
741
-
741
1,361
1,285
-
1,285
2,000
8,736
-
8,736
6,864
465
-
465
2,287
1,163
-
1,163
1,530
1,093
-
1,093
228
-
-
-
-|
|---|---|
||**27,181**
**-**
**27,181**
**23,057**|
||-
-
-
960
730
-
730
1,256|
||**730**
**-**
**730**
**2,216**|
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## **WORD OF FAITH CHRISTIAN MINISTRIES - LONDON**
## **NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2021**
## **4. RESTRICTED FUNDS**
The Charity held no restricted funds during this or the previous financial period.
## **5. STAFF COSTS AND NUMBERS**
The Charity employed no members of staff during this or the previous financial period.
No employees received emoluments over £60,000 per annum (2020: None).
## **6. PAYMENTS TO TRUSTEES AND RELATED PARTIES**
During the financial year Pastor Junior Spence received £1,285 (2020: £2,000) in out of pocket expenses in his capacity as Pastor of Word of Faith Christian Ministries - London in furthering the Charity's objects.
No other payments were made to trustees or any persons connected with them during this financial period. No other material transaction took place between the organisation and a trustee or any person connected with them.
## **7. RISK ASSESSMENT**
The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
## **8. RESERVES POLICY**
The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily.
## **9. PUBLIC BENEFIT**
The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees Report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
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