WORD OF LIFE CHURCH (POOLE) Registered Charity No. 1075775 Unaudited Financial Statements For the year ended 30 June 2024 NEwfoN MAGNUS Chartered Certrfied Accountants Arrowsmith Court Station Approach Broadstone Dorset BH18 8AT
WORD OF LIFE CHURCH (POOLE) Unaudited Financial Statements For the year ended 30 June 2024 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 Life Church (Poole) I report on the accounts of the Church for the year ended 30 June 2024, which are set out on pages 3 to 19. Respertive Responsibilities to Trustees and Examiner The Charitvs 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 and that an independent examination is needed. It is my responsibility to". examine the accounts under section 145 of the Charities Att 2011; to follow the procedures laid down in the general directions given by the Charity Commission under section 145(5)b; and to state whether particular matters have come to my attention. Basls of Independent Examlnerfs Report My examination was carried out in accordance with the 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 you as trustees concernin8 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 staternent below page I
WORD OF LIFE CHURCH {POOLE) Independent Examinerfs Report to the Trustees of The Word of Life Church (Poole) - continued Independent Examinerfs Statement In connection with my examination. no matter has corne to rny attention. which gives rne 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 understandin8 of the accounts to be reached. C Dunn FCCA NEWTON MAGNUS Chartered Certlfied Accountants Arrowsmith Court Station Approach Broadstone Dorset BH18 8AT Date: 11- page 2
WORD OF LIFE CHURCH (POOLE) Trustees Report For the year ended 30 June 2024 Legal and admln5stratlve Information 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 BH18 8AT Bankers: Natwest 7 West Borough Wimborne, Dorset BH21 IPR page 3
WORD OF LIFE CHURCH (POOLE) Trustees Report For the year ended 30 June 2024 The trustees are pleased to present their annual trustees. report together with the financial statement5 of the charity for the year ending 30 June 2024. The financial statements comply with the Charities Act 2011, and Accounting and Reportin8 by Charities: Statement of Recommended Practice. The trustees who served during the year were: Stephen Martin David Hulbert Kelvin Papp Objectlves and Artlvlties Summary of Objectives The advancement of the Christian Faith. The holding of meetings of Christian Worship. The provision for and assistance and support of missionaries and Christian workers. 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, book/gift shops and coffee shops. Objectives for the Year 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 activities through personal contact, advertising and community initiatives. page 4
WORD OF LIFE CHURCH (POOLE) Trustees Report For the year ended 30 June 2024 Continued .... Significant activities for achieving objectives The church holds service5 of Christian worship on Sunday morning and Wednesday evening. Other activities include numerous children's and young people's programs and community projects in the local area. Public benefit, objectives and activities The trustees have given due regard to public benefit when planning the charity's activities, 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 performance during the year, which are directly related to the objects and purposes which the charity exists. The Charity achieves its principal objects and purposes through: high quality public worship, pastoral care and support of those in need, youth activities, community based projects. Grant making policies Grants are made to individua15 and organisations based on the following criteria: Mission organisations and ministries personally known to the Church and are accountable for the work they do, including child Sponsorship programmes. Organisation in the local area known to be in need of extra support such as women's refuges and teenage pregnancy support. Individuals within the Church community in need of financial assistance through hardship, distress or sickness. page 5
WORD OF LIFE CHURCH (POOLE) Trustees Report For the year ended 30 June 2024 Continued . Use of volunteers Word of Life Church believes in 8iving people of all abilities the opportunity to serve in the Church in order to give thern a sense of purpose and belonging. Most of the Church activities relies on volunteers giving their time and recourses. Risk The trustees attively review the major risks facing the Charity on a regular basis. Achievements and Performances Review of Charitable Artivities The Church has continued to achieve its objectives through Sunday and Mid-week Meetings of Christian Worship and Teaching, Children's holiday clubs and Youth Activities, various Outreach Events, Community based initiatives (including a used clothing store and mother and baby support, bible college and social eventsl. Music Music continues to play a big part in the life of the Church. The band provides opportunity for individuals to play together in a contemporary worship environment. New musicians and vocalists have joined. Music workshops are in operation enabling children and adults to have vocal training and to learn an instrument. The band continues to play and perform a variety of styles for social events. page 6
WORD OF LIFE CHURCH {POOLE) Trustees Report For the year ended 30 June 2024 Continued. Structure. Governance and Management Constitution 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 skills who is in leadership in a similar Church. The existing trustees discuss 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 invttation. On acceptance of the position the new trustee is inducted at the next trustee's meeting where all necessary information is given and relevant security checks are made. At this meeting, the appointment of the new trustee is minuted. and signed by all trustees as evidence of the appointment. OrganisotionGI Strurture Trustees For the ongoing running of the char.rty 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 transattions 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 UFE CHURCH (POOLE) Trustees Report For the year ended 30 June 2024 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 Teams 80 Out with hot drinks into the locality to give away and chat to people and help wherever they can. The Coffee Bar is always open when the Church is open. Parents ond Young Children Stay and Play Drop in/Play Café is held in the Church coffee bar on a weekly basis during term times and ser¥es the community and parents of young pre-school children. Students Due to the church's proximity to the hospital and student accommodation, the Church is easily accessible for students from the hospital and college/university. Students are able to be involved in the life of the church and receive 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 variety of causes. Rough Sleepers Due to the Church's town centre location, the Church continues to give support by means of food and clothing and hot drinks. Although rough sleepers are encouraged to contact a more specialised town centre charity. page 8
WORD OF LIFE CHURCH (POOLE) Trustees Report For the year ended 30 June 2024 Continued .. Training Ongoing trainin8 is undertaken in the music department with instrurnents, sound engineering and media. Training is continually given to encourage members to be involved in activities in the Church and the community. For example, we run a coffee bar, which has enabled some Church members to train in operating as a Coffee Shop Barista. Colendar 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 services where gifts are given. The Church has hosted events including an annual "all nations Sunday" to celebrate the diversity of different nationalities and cultures represented in the Church. Church Membership Again the Church membership has continued to grow with people of all ages and nationalities; this has been mainly due to personal invitation and the outreach events hosted by the Church. A number of families have had babies during the year resulting in some baby dedication services. Seniice of Believers 8apti5rns have been conducted. Church Building The church is regularly let to other groups and organisations from the local community which provides both a service to the local community and additional revenue for the Church. During the current year the building was not let. page 9
WORD OF LIFE CHURCH (POOLE) Trustees Report For the year ended 30 June 2024 Continued Internotionol The Church has continued to help internationals, who have moved into the area from overseas, to acclimatise to their new environment. The Church has had a particular influence in the live5 of international students attending local language schools and medical students posted at the local hospital. Financial Review Reserves The Charity's policy is to pursue its objectives to the best of its ability whilst retaining sufficient reserves on general fund to ensure existence of the Church for its members. At the year end the Charity held £3,878 in un-restricted reserves (2023: £14,998) The Charity currently has no restricted funds. Principle Source of Funding The principle source of funding is through donations from Church rnembers. Expenditure has contributed primarily towards the advancement of the Christian faith. ststement of Trustees Responsibilities Charity 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 fvnd of the charity. In preparing those financial statements the trustees are required to: a) select suitable accounting policies and then apply then consistently; b) make judgernents and estimates 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 LIFE CHURCH (POOLE) Trustees Report For the year ended 30 June 2024 a) prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue. The Trustee's are responsible for keeping proper accounting records which disclose, with reasonable accuracy at any time, the financial position of the charity, and to 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 detertion of fraud or other irregularities. Declaration The Trustees declare that they have approved the Trustees, report above. Signed on behalf of the charitvs trustees. Signature(sl................... Full name(s) Stephen J Martin Position Pastornrustee Date . page 11
WORD OF UFE CHURCH {POOLE) ststement of Financlal Activitle$ For the year ended 30 June 2024 2024 2023 note Unrestricted Restricted Fund Fund Totsl for year Totsl for year Income from: li Donations and legacies Charitable activities Investments 116,299 12.555 116299 12.555 126,908 13,998 37 Total 128.922 128.922 140.943 Expendlture on: 12 Charitable activities Other 76.812 63.239 76,812 63239 85.220 63.330 Total 140.051 140x151 148.549 Net movement on funds (11,1291 (11.129) {7,607) Recondllatlon of funds: Total funds brought fon¥ard Transfer of funds 14,998 14,998 22,605 Total funds carrled forward 3,869 3.869 14,998 page 12
WORD OF LIFE CHURCH (POOLE) Balance Sheet as at 30 June 2024 2024 2023 note Tanglble Fixed Assets 1,609 2,116 Current Assets Cash at bank:. General account Business Reserve account 18,307 3,906 20,977 5,548 Other debtors:. Sundry debtor 262 22,213 26,787 Credltors . amounts falllng due wlthln one year 19,953 13,905 Net Current Assets 2,260 12,882 Net Assets £3,869 £14,998 Represented by: General fund (unrestricted) 3,869 14,998 Closing balance £3,869 £14,998 Approved by the Trustees on and signed on their behalf S J Martin Trustee page 13
WORD OF LIFE CHURCH (POOLE) Notes to accounts for the year ended 30 June 2024 l. Accountin8 Polldes Basis of preparaton The accounts have been prepared on the historical cost basis in accordance with The Charities SORP 2019 IFRS1021, accounting stsndards and the CharitiesAct 2011. The accounts have been prepared on a going concern basis as the Trustee's have no uncertanties about the charity's ability to continue. The presentation currency of the financial statements is the Pound Sterling {£) Tanglble flxed assets Tangible fixed assets are included at cost Depreciation rates charged - Computer equipment Fixtures, fittings and equipment - Lease 25% on the reducing balance basis 25% on the reducing balance basis 6.6Th on c05t Penslon scheme The charity operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are chared to the Statement of Financial Activities in the period to which they relate. Recognition of incorning rewuros Incoming resour¢es are recognised in the Statement of Financial ActNtties when the charity is Segally entitled to the income and the amount can be quantified with reasonable accuracv. Recognltion of investment Income Investment income is included in the accounts when receivable. Recognition of resources expended Resources expended are recognised in the Statement of Financial ActP4ities when a liability is incurred. Current assets- cash at bank and in hand Cash at bank and in hand is held to meetthe day to day running costs of the charity as theyfall due. Creditors Creditors are the amounts owed by they company. They are measured at the amount the charity expected to have to pay. Recognlton of donated assets Donated services or assets are recognised only when material and when the Charity has control over them. On reipt they are valued on the basis of the arUnt the Charity would be willing to pay for the donated Fund accounting Unrestricted funds are available to spend on artivFties that further any of the purposes of the Charity. Designated funds are funds of the alarity which the trvstees have set aside at their descretion for a spe¢ifi¢ purpose. Re5tri¢ted funds are donations which the donor has specified are to be solely used for a particular area of the Charity's work. page 14
WORD OF LIFE CHURCH (POOLE) Notes to accounts for the year ended 30 June 2024 2, Tanglble Fixed Assets Computer Fixtures, Fittings and Equipment Lease Total Cost At l July 2023 500 15,020 1,803 17,323 At 30 June 2024 500 15,020 1,803 17,323 Depreclatlon At l July 2023 Charge for the year 488 12 13,519 375 1,200 120 15,207 507 At 30 June 2024 500 13,894 1.320 15,714 Net Book Value At 30 June 2024 1,126 At 30June 2023 12 1,501 603 2,116 page 15
WORD OF LIFE CHURCH (POOLE) Notes to accounts for the year ended 30 June 2024 3. Credltors . amounts falllng due wlthln one year 2024 2023 Sundry creditors Social security and other taxes 8,229 11,724 8,207 5,698 19,953 13,905 4. Trustees Remuneratlon and Expenses During the year no trustee was paid a remuneration for their dutie5 a5 a trustee12023: Nil) During the year the following trustees were reimbursed for expenses. 2024 2023 SJ Martin S Papp SB Martin K Papp H Martin 118 76 80 105 13 249 172 128 1,799 73 Mr S J Martin was paid for his services as a pastor, £34,25012023'. £38,050) 5. Staff Costs 2024 2023 Gross salary Employers National Insurance Pension-employee and employer costs 25,000 2,195 1,750 25,000 5,118 1,750 Average number of staff Ifull timel Pastoral Servlces {Mr 5 J Martln) Services and expenses 34.263 38,050 6. Accountancy Servlces 2024 2023 Independent examination costs Accountancy services 810 810 750 750 1.620 1,500 page 16
WORD OF LIFE CHURCH (POOLE) Notes to accounts for the year ended 30 June 2024 7. Movement In funds 01 July 2023 Income Expenses TransFers 30 June 2024 Unrestrfcted funds General fund 14.998 128.922 1140.051) 3.869 14,998 128,922 1140.051) 3,869 Prlor year 01 July 2022 Income Expenses Transfers 30 June 2023 Unrestrirted funds General fund 22,5 140.943 (148.549) 14,998 22,605 140.943 (148,549) 14,998 8. Analysls of net assets between funds 2024 2023 Restrirted Un-restrtrted Restrlcted Un-restrlrted Fixed assets Cash at bank Other creditors Sundry Debtors 1.609 22.213 119,9531 2,116 26,787 113.905) 3.869 14,998 9. Rent due on property lease 2024 2023 Rent due under one year Rent due one to five years 43.¢J)O 86,iJ)O 43,000 129,000 10. Related party transartion$ During the year Mrs SB Martin, the wife of the trustee Mr SJ Martin. receNed a totsl of £25.00012023.' £25.0001 as a salary for administrative services. Mr SJ Martin was paid for pastoral serrfices £34.250 {2023: £38,050) page 17
WORD OF UFE CHURCH (POOLE) Notes for the year ended 30 June 2024- contlnued 11. Analysls of incoming resources 2024 2023 General Restricted Total Total Fund Fund for year for year (unrestricted) Donations Bank interest received Miscellaneous income 116,299 116,299 126,908 68 37 12,555 13,998 12,555 Total incoming resources 128,922 128,922 140,943 12. Analysis of resources expended 2024 2023 General Restricted Total Total Fund Fund for year for year {unrestrirted) Direct charitable expenditure Pastoral services and expenses Wages Pension (employees and employers contribL Employer Nic's Youth and children Tithes and gifts Mission givings Music expenses Events and groups Coffee shop refreshments Miscellaneous Depreciation Congregational insurance 34,263 25,000 1,750 2.195 953 3.497 2,813 1,075 34,263 25,000 1,750 2,195 953 3,497 2,813 1,075 1,040 1,139 1,717 507 863 38,050 25,000 1,750 5,118 1,676 3,690 2,637 1,769 1,368 1,501 1,251 625 786 1,139 1,717 507 863 Total direct charitable expenditure 76,812 76,812 85,220 page 18
WORD OF LIFE CHURCH IPOOLE) Notes for the year ended 30 June 2024 - contlnued 2024 2023 General Restricted Total Total Fund Fund for year for year (unrestrictedl Management & administration costs Office costs Accountancy HMRC interest 7,051 120 764 7,051 120 764 6,834 1,500 1,145 Establishment costs Rent Rates and water TV licence Light and heat Repairs 43,OiXI 2,429 159 6,141 3,575 43,000 2,429 159 6,141 3,575 43,000 1,808 159 7,368 1,516 63,239 63,239 63,330 page 19