WORD OF UFE CHURCH {POOLE) Reglstered Charfty No. 1075775 Unaudited Flnancial Statements For the year ended 30 June 2023 NEWTON MAGNUS Chartered Certified Accountsnts Arrowsmith Court Station Approach Broad5tone Dorset BH18 SAT
WORD OF LIFE CHURCH IPOOLE) Unaudited Flnandal Statements For the year ended 30 June 2023 Contents Page Independent Examiners Report 1&2 Trustees Report 3toll Statement of Financial Activities 12 Balance Sheet 13 Note to the Accounts 14to19
WORD OF LIFE CHURCH (POOLE) Independent Examinerfs Report to the Trustees of The Word of Llfe Churth {Poole) I report on the accounts of the Church for the year ended 30 June 2023. which are set out on pages 3 to 19. Respectlve Responslbilities to Trustees and Exarniner The CharItS trustees are responsible for the preparation of the accounts. The charitrls trustees conslder that an audit is not required for this year under section 144 of the Charltles Act 2011 and that an independent examination is needed. It is my responsibility to.. examine the accounts under sertion 145 of the Charities Act 2011; to follow the procedures laid down in the general directions gwen by the Charity Commission under sertion 145{5lb: and to state whether particular matter5 have come to my attention. Basls of Independent Exarnlnerfs Report My examlnation was carried out in accordance with the general directions given by the Charity Commission. An examination include5 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 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 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 page I
WORD OF UFE CHURCH (POOLE) Independent Examlnerfs Report to the Trustee5 of The Word of Llfe Churth {Poole) - contlnued Independent Examlnerfs Statement In connectlon with my examination, no matter has come to my attention. which gives me a reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with section 130 of the Charities Act 2011; 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 b} to which. in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. C Dunn FCCA NEwfoN MAGNUS Chartered Certified Accountants Arrowsmith Court Station Approach Broadstone Dorset BH18 8AT Date: page 2
WORD OF LIFE CHURCH (POOLE) Trustees Report For the year ended 30 June 2023 Le8al and admlnlstratlve Infomiatlon Charity Number 1075775 Principal Address 17 Kingland Road, Poole, Dorset BH15 ISH Trustees: Stephen Martin David Hulbert Kelvin Papp Accountants". Newton Magnus Arrowsmith Court station Approach Broadstone, Dorset 8H18 8AT Bankers: Natwest 7 West Borough Wimborne, Dorset BH21 IPR page 3
WORD OF LIFE CHURCH (POOLE} Trustees Report Forthe year ended 30 June 2023 The trustee5 are pleased to present their annual trustee5' report together with the financial statements of the charity forthe year ending 30June 2023. The financial statements comply with the Charities Act 2011, and Accounting and Reporting by Charitles: Statement of Recommended Practice. The trustees who served during the year were: Stephen Martln David Hulbert Kelvin Papp Objectives and Actlvities Summary of Objectives The advancement of the Christian Faith. The holding of meetings of Christian Worship. The provision for and assistance and support of mission3rles and Christian worker5. The publishing. printing and distribution of Christian literature. The relief of people in special need. The provision of establishments and facilities in respect of Christian education, children's nurseries. boovgift shops and coffee shops. Objective5for the Yeor The Church's objectives for the year were to see people of all ages, background, race and culture brought to faith in Jesus Christ and regularly attend Church attivities through personal contact, advertlsing and community initiatives. page 4
WORD OF LIFE CHURCH IPOOLE) Trustees Report For the year ended 30 June 2023 Continued .... Signlficont ottlvltlesfor ochieving objertlves The church holds services of Christlan worshlp on Sunday morning and Wednesday evening. Other activities include numerous children's and young people's pro8rams and community projects In the local area. Public benefit, objettives and activities The trustees have given due regard to public benefit when planning the thariws artivities, in accordance with Charity Commission's general guidance on public benefit {January 2008). The paragraphs above and below set out the charities activities, achievements and perforrnance durlngthe year. which are directly related to the objects and purpose5 which the charity exists. The Charity achieves its principal objects and purposes through: high quality public worship, pastorlal care and support of those in need. vouth artivities, community based projects. Gront making policie5 Grants are made to indiwduals and or8anisations based on the following criteria- Mission organisations and ministries personally known to the Church and are accountable forthe work they do, including child sponsorship programmes. Organisation in the local area known to be in need of extra support such as women's refu8e5 and teena8e pregnancy support. Individuals within the Church community in need offinanaal assistance through hardship, distress or sickne55. page S
WORD OF LIFE CHURCH (POOLE) Trustees Report For the year ended 30 June 2023 Continued .... Use of volunteers Word of Life Church believes in giving people of all abilities the opportunlty to serve in the Church in order to give them a sense of purpose and belonging. Most of the Church actlvltles relies on volunteers giving their time and recourses. Risk The trustee5 artively review the major risks facing the Charity on a regular basi Achievements and PerfOrMar$ Review of Choritable Artivities The Church has continued to achieve Its objectrves through Sunday and Mid-week Meetin85 of Christian Worship and Teaching, Children's holiday clubs and Youth Activities, various Outreach Events, Communlty based initiatives {includin8 a used clothing Store and mother and baby support. bible college and social events). Mu51C Music continues to play a big part in the lrfe of the Churth. The band provides opportunity for individua15 to play together in a contemporary worship environment. New musician5 and vocalists have Jolned. Music workshop5 are in operation enabling children and adutts to have vocal tralning and to learn an instrument. The band continues to play and perform a variety of styles for social event& page 6
WORD OF UFE CHURCH (POOLE) Trustees Report For the year ended 30 June 2023 Continued .... Structure, Governance and Management Constitutlon The Charity is constituted and governed by the terms of the Trust Deed executed on the 24th April 1999. It was resolved to constitute a Trust for charitable objects. Appointment of Trustees Recruitment of new trustees is from within the existing Church membership or someone with the suitable sknlls who is in lÈader5hip in a similar Church. The existing trustees di5CUSs any nominations for new trustees. Once approached, the potential new trustee is given a letter of invitation and a period of time, set by the trustees to consider the invitation. On acceptan of the position the new trustee 15 inducted at the next trustee's meeting where all necessary infomiation is given and relevant security checks are made. At thi5 meeting, the appointment of the new trustee is minuted, and signed by all trustees as evidence of the appointment. Organi54rtionalStructure Trustees For the ongolng running of the charity Pastors For the ongoing vision. direction and discipline of the Church. Headed by the Senior Pastor. Ministry team For the ongoing running of departments Related Parties There were no transactions between the charity and related parties during the year other than administrative salary paid to Mrs SB Martin and a pastoral costs to Mr SJ Martin. page 7
WORD OF LIFE CHURCH (POOLE) Trustees Report For the year ended 30 June 2023 Continued.... Community The Church outreach events are always ongoing and are regularly hosted by the Church for local people in the form of meals and social events. Sunday Mornings Team5 go out with hot drinks into the locality to give a*py and chat to people and help wherever they can. The Coffee Bar Is always open when the Church is open. Porent5 and Young Children Stay and Play Drop in/Play Café is held in the Churth coffee bar on a weekly basis during term times and serves the community and parents of young pre-school children. Students Due to the church's proximity to the h05Pital and student accommodation. the Church is easily accessible for students from the hospital and collegeluniversity. Students are able to be involved in the Ilfe of the church and re1ve support in a variety of ways. Community Support The Church continues to support the needs of the community, however it can and is in regular touch with a varlety of causes. Rough Sleepers Due to the Church's town centre location, the Church continues to give support by means of food and dothing and hot drinks. Although rough sleepers are encouraged to contact a more specialised town centre charity. page 8
WORD OF LIFE CHURCH IPOOLE) Trustees Report For the year ended 30 June 2023 Continued .... Training On80ing trainlng Is undertaken in the music department with instruments, sound englneerlng and media. Training is contlnually glven to encourage members to be involved in artivities in the Church and the community. For example, we run a coffee bar. which has enabled some Churth members to train in operating as a Coffee Shop Barista. Calendar The Church calendar has continued to be full, particularly at Christmas and Easter, when gifts, hampers and Easter eggs are provided for children and those with special needs. Mothers and Fathers were honoured on their respected days with special ServIS where gifts are given. The Church has hosted events including an annual °all nations SundaV to celebrate the dlverslty of different natlonalities and cultures represented in the Church. Church Membership Again the Church membership ha5 continued to grow with people of all ages and nationallties; this has been mainly due to personal invltatlon and the outreach v4ents hosted by the Church. A number of families have had babies during the year resulting in some baby dedication services. Servlce of Believers Baptisms have been conducted. Church Building The church is regularly let to other 8roup5 and organisation5 from the local community which provides both a service to the local community and additional revenue for the Church. During the current year the bullding was not let. pa8e 9
WORD OF LIFE CHURCH (POOLE) Trustees Report For the year ended 30 June 2023 Continued .... Internotional The Church has continued to help internationals. who have moved into the area from oversea5, to acclimatise to their new environment. The Church has had a particular influence in the lives of tnternational students attending local language schoo15 and medical students posted at the l¢x31 h05Pital. Flnandal Revlew Reserves The Charitfs polioi is to pursue its objectives to the best of its ability whi15t retaining sufficient re5erve5 on general fund to ensure existence of the Church for its members. At the year end the Charity held £14.998 in un-restrirted reserve512022: £22,605). The Charity currentty has no restrlrted funds. Principle Source of Funding The principle Source of funding is through donation5 from Church members. Expenditure has contrlbuted primarlly towards the advancement of the Christian faith. ststement of Trustees Responslbllllles Charlty law requires the Church to prepare financial statements for each financial year. which give a true and fair view of the state of affairs of the charity and of its financial activities for that period and adequately distinguish any material special trust or other restricted fund of the charity. In preparing those financial statements the trustees are required to: a} select suitable accounting poliues and then apply then consistently; b) make Judgements and estlmates that are reasonable and prudent; c) state whether the policies adopted are in accordance with the appropriate SORP on Accounting by Charities and the Accounting Regulations and with applicable accounting standards, subject to any material departures disclosed and explained in the financial statements; and Page 10
WORD OF UFE CHURCH {POOLE) Trustees Report For the year ended 30 June 2023 al prepare the financial statements on the going concern basls unless it is inappropriate to assume that the charity will contlnue. The Trustee's are responsible for keeplng proper accountln8 records whlch disclose, with reasonable atturacy at any tlme, the financial posltion of the charity, and to enable them to ensure that the financlal statements comply with the Charities Art 2011. They are also responsible for safeguarding the assets of the tharity and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities. De¢laratlon The Trustees declare that they have approved the Trustees, report above. Sl8ned on behalf of the chariW5 trustees. Signature{s)........... Full name{sl Stephen J Martln Posltion PastorlTrustee Date '. page 11
WORD OF UFE CIIURCH IPOOLE} Statsment ol Fln•n¢l•l Adlvltles Forthe ye¥r ended 30 June 2023 note Unre5trirted Re5trirted Fund Fund T(rtal for year foryear In¢ome from: li Donatlons and legacies Charitable actNities Investments Other trading activities 126,908 13.998 37 126X 123.023 9.416 27 Total 140.943 140.943 132,468 Expendltyre on.. 12 Charitable artivities Other 85,220 63,330 85.220 63,330 78,647 62.395 Total 148.549 148,549 141,lJ42 Net movement Qn fund5 17.6071 17M17) 18.574) Reconciliation of fvnds: Totsl funds brovght forwaid Transfer of funds I2,5 31,179 Totsl funds carrled I0rd 14.998 14.998 22.605 page 12
WORD OF UFE CHURCH IPOOLE) Balance Sheet a5 at 30 June 2023 2023 2022 note Tan£lble Fixed Assets 2,116 1,002 Current Assets Cash at bank: General account Busine55 Reserve account 20.977 27.&83 5,031 Other debtor5: Sundry debtor 262 26,787 32.914 Credltors . amounts falllng due withln one year 13,905 11,311 Net Current Assets 12,882 21,603 Net Assets £14.998 £22,605 Represented by: General fund lunrestrictedl 14.998 22.f5 Closing balance £14,998 £22,605 Approved by the Trustees on and signed on their behalf SJ Martin Trustee page 13
WORDOF UFE CHURCH (POOLE Notes to accoums for the year ended 30 June 2023 l. Atcount5n8 Polldes 8•$1$ of preparaton The accounts have been prepared on the historical CO bay5 in accordance with The Charities SORP IFRS1021. accounting standards and the Charitses Art 2011. The accounts have been prepared on a goi conrn basis asthe TrLth's have M urKertanties about the ¢harrtVs abllity to continue. The presentstlon currency of the financial statements is the Pound Sterlin8 If) Tarylble fixed assets Tangible fixed assets are iluded at cost Depredatlon rate5 charged - Computer eoulpment - Fixt4Jres. fittlngs and equipment - Lease 25% on the reduang balance basls 25% on the reduang balance basis 6.67% on cost Penslon sdheme The charity operates a defined Contrlbution pension scheme. Contrlbutions payableto the comparhy'5 pension scheme are chared to the Statement of FinarKial ActNities in the period to whith they relate. Recognltion of Incomln8 res¢xirces Incoming resources are recognised in the Statement of Financial ArtltIeS when the charityls legally entitled to the Income and the amount can be quantified with reanable accurary. RecOgnItk of In¥estmert Incomo Investment Income is Induded in the accounts when receable. ReCottl0 of re50urce$ expended Resources expended are recognlsed In the Ststement of Finanaal Aclivities when a liability 15 incurred. Current assets- cash at bank and In hand sh at bank and in hand is held to meet the dayto day runniryg costs of the charity as tl*yfall due. Credltors credOr$ are the amounts owed bythey company. They are measured atthe amount the charty expected to have to pay. Recognlton of donated assets Donated seNices or assets are reclSed ontywhen material and when the Charity has control over them. On reieipt they are valued on the basis of the amount the Charity would be wllin8 to payf(Jr the donated Fund accovnllwd Unrestrlcted funds are available to spend on activtbes that further any of the purFK>se5 of the Charrty. De518nated funds are fund5 Of the CharTty which the tru5tee5 have set aside at their descretion for a speufic purpose. Restricted funds are donations which the donor has spec5fied are to be 50tely used for a particular area of the Charitvs work. page 14
WORD OF LIFE CHURCH IIIOOLE) Notss t• accounts forihe year ended 30June 202Y L Tan8lble Fixed Assets Computer Flxtures, F6ttin8s and Equlpment Lease Totsl At ljuty 2022 500 13.281 1.803 15.584 At 30 June 2023 sc 15.020 1.803 17.323 Depre¢latlon At l July 2022 Charge forthe year 13,018 501 14.582 625 120 At30jU 2023 13.519 1,2CKI 15.207 Net Book Value At 30 June 2023 12 1501 2.116 At 30 June 2022 16 263 723 I.2 page 15
WORD OF UFE CHURCH IPTr)LE) Notes to aUnts forthe year ended 30June 2023 3. Credltors: amourts fallr4due wlthln one Trar Sundry creditors Social securrty and other tsxe$ 8,207 5,698 10,385 926 13,905 11,311 4. Trustees Remuneratlon and Expenses During the year no trustee was paid and remuneration for their duties as a trustee12022= Nil) During the year the following trustees were relmbursed for expenses. SJ Martin S Papp SB Martin K Papp H Martin 249 172 128 1799 73 Mr SJ MartKn was paid for h15 5ervlces as a pastor, £38,05012022: £36,250) 5. Staff Costs Gr055 salary Ernployers National Insurance Pension-employee arhd employer costs 25,C 5,118 1,750 25.rJx) Average number ofstsff Pastoral Ser¥kes {Mr S J Martln} Services and expenses 38J)50 36,250 6. Accwntsncy Servlces 2023 Independent examination costs Accountancy seCeS 7YJ 750 750 750 LSLKI page 16
WORD OF UFE CHURCH IPOOLE) Note5 to accounts forthe year ended 30 June 2023 7. Mo¥emeTrt In lund5 Oljuly 2022 Expew Trarde 30June 2023 Unrestrkted funds General fund 22.605 140.943 1148.549) 14,998 22.605 140,943 1148,5491 14.998 Prfor yew 01 July 2021 IrKome Expenses Transfers aojune 20ZZ Unrestricted funds General fund 31.179 132.468 1141.0421 31,179 132.468 1141.0421 22.605 8. Allaty515 of net assets between funds 2023 UTrrestrlrted Restrl¢ted Fixed assets Cash at bank other creditors Sundry Debtors 2,116 26,525 I13,5) 262 l.CQ2 32.914 {11.3111 14.998 22.605 9. Rent due on property lease Rent due under one year Rent due one to five year5 Rent due after five years 43.C 172.0 I29.([• lth R91ated partytransaulon% During the year Mrs SB Martln, the wlfe of the trustee Mr SJ Martln. recefved a total of £25,IXX)12022 £25,C(JOl as a salary for admlnistratlve Seces. Mr SJ Martin was pald for pastoral 5ervice5 £38.05012022: £36,250) page 17
WORD OF UFE CHURCH (POOLE) Notes for the year ended 30 June 2023- Conthxd 11. Analysls of incomlry resources 21122 General Restricted Total Total Fund Fund for year for year lunrestrictedl Donatlons Bank interest received Mlscellaneous income Sale of books and tapes I26,8 37 13,998 I26,)8 123.023 37 13.998 9,416 27 Total Incomin8 resources 140.943 140.943 132,468 11 Analysis of resour5 expended General Restritted Total Totsl Fund Fund for year for year lunrestrirtedl Dirert charitable expenditure Pastoral services arKI expenses Wages Penslon lemployees and employers contribu Employer Nic, Visiting minister expenses Youth and children Tithes and gifts Mission givlngs Music expenses Events and groups Coffee shop refreshments Miscellaneous Purchase of books and tapes Depreciation Congregatlonal insurance 38,050 25,OCIJ 1,750 5,118 38.050 36.250 25,LXKI 25.IXKI 1.750 1.750 5.118 1,676 3,690 2,637 1.769 1.368 1,501 1.251 1.676 3.690 2.637 1,769 1.368 1.501 1,251 645 4.224 4,805 585 1.826 12 213 857 625 625 Total direct charitable expendlture 85,220 85.220 78.647 page 18
WORD OF LIFE CHURCH {POOLE) Notes for the year ended 30 June 2023- continued General Restricted Total Totsl Fund Fund for year for year (unrestricted) Management & administration costs Office costs Advertising Accountanc HMRC interest 6,834 6.798 103 1,145 1.145 Establishment costs Rent Rates and water TV Ilcence Light and heat Repairs 43,] 43,(Th1 1,808 4.956 159 159 7,368 4,711 1.516 1.168 159 7.368 1.516 63.330 63.330 62.395 page 19