EVANGELICAL CHURCH WINNING ALL [ECWA] Charity REG.No 1079457 TRUSTEES. REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022 MOSES-BOLE&CO CERTIFIED PROFESSIONAL ACCOUNTANTS I TAX ADVISERS & BUSINESS CHARTERED MANAGEMENT CONSULTANTS Unit 4L, Leroy House Business Centre 436 Essex Road, ISLINGTON London N13QP Tel: 0207 704 2525
EVANGELICAL CHURCH WINNING ALL ECWA CONTEfvrr Pa Trustoes and Advls•rs Trustsos. Roport Independont Examln8r'$ Report to tho Tru$teos Statsrnont of Financial Activitlgs Balance sheet Not85 f¢rnilng part of tha Finan¢ial Statsment 7t017
EVANGELICAL CHURCH WINNING ALL [ECWA] ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022 LEGAL AND ADMINISTATIVE INFORMATION Trustees: James Gabis Olatunde Abodunrin John Ibidokun Treasurer: Richard Olayinka Oke Reglstered Office: 26A Exning Road London E164NA Chairman Olatunde Abodunrln Charity No 1079457 Bankers HSBC 150 Stoke Newlngton High Street Stoke Newlngton London N16 7JP Accountants OSES-BOLE&CO Certified Professlonal Accountants and Business Chartered Management Consultants Unlt 4L. Leroy House Buslness Centre 436 Essex Road Isllngton, London N13QP
ECWA UK TRusfEES' ANNUAL REPORT FOR 2022 The Trustees have pleasure in submitting their report and accounts for the year ending 31. December 2022. The financial staternents have been prepared in accordance with the accounting policies and comply with the statement of Recommended Practice SORP 2015 (FRS 102) and Charity Act 2011 applicable law. l. Objectlve and artivltles The primary purpose of Evangelical Church Winning All charity is to glorify God and advance the Christian faith in London and other parts of United Kingdom. We are also committed to relieving persons who are in condltions of need or hardship in United Kingdom and other parts of the World as the trustees may thlnk fiL Achlevement and Performance For Evangelical Church WinningAII (ECWA) London, 2022 was a noteworthy year. Churchgoers, artual physlcal attendance has improved, as have other activities. For the advantage of individuals who might not be able to attend church, Sunday services are being conducted both physically and using online zoom. All ouryearly activities, including Festival of Blessings (FESTIBLESS & MUSICAL CONCERT), ECWA marriage and youth conference, and welfare-oriented events, were held on church premises. Charlty Programme All our charitable projects and welfare-focused events were held. Some of our members who are university students and long-time church Members get periodic raw food supplies from the church. Flnancial revlew All the financial resources for the year 2022 were established through gift aid programmes and the voluntary tithes and sacrifices of church members. The church has switched to solely accepting online payments for tithes and offerings. Now, the only way for members to give her tithes or offerings is through an online bank app payment system. Strurture. Governance and Management ECWA is a member of Evangelical Church Winning All (ECWA) which has Parishes all over the world. The relationship is governed by an 'Agreement for common purposes between the parishes and ECWA.
The governing document for Evangelical Church Winning All is trust deed. We have five trustees who are responsible for the day to day running of the charity. The existing trustees in consultation with the Church are resFX)nsible for the recruitment and appointment of new charity kn whenever the need arises. 5. Reference and administrative details Name". Evangelical Church Wit]ng All (ECWA) CEwity Registration number: 1079457 Address: 26A Exning Road, London E164NA Trustees Mr Olatunde Abodunrin Rev Simon Athnde Rev James Gabis Mr Olayinka Richard Oke Rev John Ibidokun Yours Faithfully, Mr Olatunde Abodunrin Chairnian 2010412022
MOSES-BOLE & CO ..Ilanagtmeni Ctsii&uiiDn15 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EVENGELICAL CHURCH OF WINNING ALL (ECWA) I report on the accounts of the charity for the year ended 31 December 2022, which are set out below and notes to the fSnancial statements on pages 7 to 17. Respective responslbillties of Trustees and Examiners As the Charit(s Trustees, you are responsible for the preparation of the accounts: you consider that an audit is not required for this year (under section 144121 of the Charity Art 2011{the 2011 act) and that an independent examination is needed. It is my responsibility to Examine the account (under section 145 of the Act),. follow the procedures laid down in the General Directions given by the Charity,. Commission (under section 145{51 (bl of the 2011 Att and State whether particular matters have come to my attention. Basis of Independent Examinerfs report My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes 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 the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be requlred 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 Examinerfs Statements In connection with the examination, no matter has come to my attention.'_ 11 Which give me reasonable cause to believe that in any material respett the requirements To keep accounting records in accordance with section 130 of the 2011 Act,. To prepare accounts whlch accord with the accounting records and to complywith the accounting requirements of the 2011 Act have not been met or 21 To which, in my opinion, attention sho understanding of the accounts to be reache wn in order to enable a proper Moses O E Igunnubole, BA (HONSJ FAIA FCP4 F4 CPFA, FIPA FfA FIC... MOSES-BOLE&CO Chortered Certified Forensic Accountonts Certifled ProfessionalAccountonts/ToxAdvisers And Business Chortered Management Consuttonts DA TE.. 2023 T¥A-. 4410120 772$25 Embil I Moseslea01.¢0t1T Lewy Kouse BUSI$s(ene,ult lioh 207351 2035 WeL)' WiV.rn05es-bole.com 436 ESSEX Aoad,lslinglon, London Ni '.lQ
EVANGELICAL CHURCH MNNING ALL- [ECWA] STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31ST DECEMBER 2022 R8slricted Inrne Funds Note5 Unre8tr5cled Funds Prior EN1owment Funds Total Funds Funds Incomlng rMourM* Incom& and ondowmBnts from.. Donations and legatses Total Re8OUTC88 •xpondod Expèndlturo on: Oir8cI Cost Support Cost GoVern Cost Total 25.165.53 25.165.53 25,165.53 25,165.53 19.050 19,050 19.063.13 5.579.68 750.00 25,392.81 19,3.13 5,579.68 750.00 25.392.B1 18.273 3,228 700 22.201 Net nwv•m¢ftt In fvmds -22728 427.28 3,151 Total funds brought forward Total funds Garrlèd forward 25.9.75 25.738.47 25.965.75 25,738.47 29,117 25,966
EVANGEUCAL CHURCH MNNIIIG ALL- iECWAI BALANCE SHEEf AS AT 31ST DECEMBER 2022 FIts TanDl%o a88at8 Tctsl fixed •y8pts Curmnl asg0ts Cash 81 bank h•rb Total tsJTrnt 48sets 28.370.11 37th11 26 370.f1 2Q370.11 25.6S7 Cndttors". thto LTh 1,64{j N•t rrent•e0bll8l 7,640.0) 24,730.11 no.11 cred0.. aMjnI• falyry Prty4Lyknn6 ts ¥•b Tet41 n•taBgats lyltrA Ftsndtt orth• ¢hrtty Unrtstrkw )JndB R8vakn•lknn re•8rw• Tot•1 fvndl 73BA7 983 26,rn47 25,738.47 25.965 2210412023 Prlnt N8mo.' Olalunde Abodunrin
EVANGELICAL CHURCH WINNING ALL- [ECWA] NOTE TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022 Note 1 8asls ol prèparation 1.1 Basls of accountlng These accounts have b89n prepared undèr th8 historical cost convendon with items r9¢0gnised al cost or transaction valug unless oth8ls6 slated In the relevant notels) to thes8 accounts. The aocounls hav& been pparad in accordance with.. and with. the Statement of Recommendad Prath¢e.' Accounting and R8porb'ng by Charllies preparing their aecounts in ac¢ordancè with the Finan¢ial RètK)rting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2014 and with. the Flnancial Reporb'ng Standard applicable in tl7e Unit8d Kingdom and Republic of Ireland IFRS 1021 and the Charilles Act 2011. Th& charity constitutes a public bgnefil ènlty as defin by FRS 102.. 1.2 Going con¢•rn If thère are materlal unc•rtainll•s rolated to events orconditions that GastslgnMl¢ant doubt on the oharIty ability to contlnue a$ a golng concern. plèase provlde tho follong dètails or statg "Not applicable-, If appmprl•ts.' An explanation as tr) those fa¢tors that support the conclusion that the charity is 8 going eoncem.. Where accounts are not prepared on a going concem basis, please disclose this fact together with th8 basis on which the twstees PTepargd the accounts and the reason why the charlty is not regardèd &8 a going concern. 1.3 Changa of a¢¢ountlng policy The accounts prasent a true and fair view and the accounting policies adopted are those ouuined in note Ygs" -Tk as appropriate No" Please disdose.. 111 the nature of the change In accounting wli¢y', lill the rèasons why applying the new accounting polw prowdgs more reliable and nwe relev8nl Information,. and liiil the amount of the adjustment for each Itne affected in the current period, each prior wriod presented and thè aggre9ate amount of the adjustment relating to periods before those presentèd. 3.44 FRS 102 SORP.
EVANGELICAL CHURCH WINNING ALL- [ECWA] NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2022 Note 2 2.1 INCOME Thi$ standard list of acwunling policies has been applied by the Gharity except for thos8 licked No or "Nla" Where a drfferent or additional policy has been adopted then this is detailed in the box below. Accountlny pollel8$ R•¢ognitlon of income Th8se artr included in the Ststernent of Financial Activth'8s (SOFA) when: . the charity becomes entiad tr) the rasources., it is more likety than mt that the trustees 11 receive the SOurCeS., and the monetary value can bè measured with suffidanl reliability. orisettlng There has b89n no offsètting of 88s8ts and liabilities, or income and expans98, unless required or pemiitted by the FRS 102 SORP or FRS 102. Grants and donatlons Grants and donations are only induded in the SOFA when the general irrne recwnition criteria are mg115.10 to 5 12 FRS 102 SORPI. In the ¢a8e of performancè related grants, income must only be recognlsed to the extent that the charity has provided the spacrfied goods or 8ervic8s as entitlement to thè grant only o¢¢urs when the performance related condltions are rnet15.16 FRS 102 SORPI. Logaclos Legacies ar& includad In the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficiènt assets in the estate and any nditions attached to the leg8cy are either within the control of the ch8rity or have been mel. Government 9rnnt3 The charity has recèiv govarnment gmnts in the reporting period Tax roclalms on donatlons and gifts Gift Aid receivable is included in income when there is a v81icl declaration from the donor. Any Gift Aid amount recovared on a donation is ¢gnsiderad lo be part of that gift and is treated a8 an addition to the 8am8 fund as the initial donat1 unless the donor or the 18mis of the app981 have spectfied othetwse. Contractual Income and performanc• ralaled grants This is only Included in the SOFA once the ¢harity has provided the related goods or seNices or met the rf0M1ance related conditions.
Don•ted goods Donated g(MyJs are measur8d at fair ¥86 (the amunt fLvwhKth ts &t c>Jukl be exchanged) unless impractical to do so. The cost ot any stock of gc(Js donated kn dislrxJtsM to ben8fvarias Is d8emwJ to be the fair value of thosè gtfts at the tim6 of their receipt and they are rwnlsed on receipt. In the reporting period In which the stocks are distribu. Ih8y are rwxwised as an 8xpen86 at the carryiThJ arrjnI of the stocks at distribulHJn. Donated goods for resale are measured at fair value on inrtial recogniti1, bthich is the expect&J prtxeeds frorn sale less th6 èxpected (ts of Se. and rocognised in 'IncCne from other trading activities. wfrth the corr8sponding stcck r8¢(Jnsed in the bala sheet. On its sale the value of stock charged against'lneome from olher tradirwJ aclivitss. and tha fr(An sal8 are also recognised as'ln¢ome from other trading activities.. Goods donated for owoing use by thè charity are Tne as tsrwJible fixed assets induded in the SOFA as incomiry resources when T1Vable. Gtfts in kind for use by the charity are induded in tho SOFA &s Oncome fr(xn donats.ons wh8n r8wvabla. Don•t•d wvle•8 and lacllltl•8 Donated seNices and facilitie5 are indud&l in the SOFA receiv1 al th9 value of tho gift to thg chartty provlded the value of the gfft can be measured reliabty. Donated services and fa¢ililies that are nSumed irnmediately are regniSed as income an equivalant amount rècognised as an expansg uThJer the approprioto lding in the SOFA. Support w4t• Th8 charity has Incurr8d •xpendrture on tsUppt $ts. Volunt••r holp The value of any voluntary help recèwl Is fA)t Inthded in ts gc¢¢)unls txrt is dObed in the trustses, annual report. Incom• from Int•ml, r•YaltI and dMd•n This is induded in the accounts when receipt 1$ prob8bfe and tha omount receN8ble be moasured rell8bly. In¢ome Irom nmb01•h1P •ub•crfptloM Momber8hip subscription8 receiv in th8 nalure of a grft arg recogniwj in Donat5 and ad8$. Membership subscripllons which gives a membar Ihe right to buy servic8S ( othor b8nefiis 8rg recognlsed as Income earned from the provislon of gcths and serylces as income from charita9 a¢tlvS1ie8. S•ttl•rn•nt of In•uvane• clalm• Insurance daims arg only induded in thg SOFA wfien the uwneral In(me reCOgnion are met15.10 to S.12 FRS 102 SORP) are induded 88 an item of other ome in the SOFA. Invastm•nt oalns and lo•• This Includgs any liSed (K unwlised gains or bsses on the sala of invgslments and any galn or 1088 resulting from r8valuir¥J invesknewts lo market value at tho end of the yoar. 2.2 EXPENDITURE AND LIABILITIES Llablllty r•cognltlon Liabilitlès are recognised where il is more likdy than rK)t that there 15 a legal or UStruCtive oNigation committing the ch8rity lo pay out resources and amount of the otAigabon c8n be rneasured wlth reasonable certainty-
Support (x)st5 have been allocated b8tween governan ia)5ts and othor suptA)rt. Govemanee costs comprise all costs involving public affoUntabl of Ihe charity arKI its comFKr wlth regula0 and good prdctice. Support costs indude cgntral funclions and have tw) allocated to adivity st catgJories on a basis consistent with th8 use of resources, eg alla.g prrwty costs by areas. or w capita. staff costs by the time spent and other costs by thelr usage. Grants wlth Porforn ¢•nditlon• Where the chadty gives a granl with conditi{ for paymènt Ldng a $tcffic b8val of servlce or output to be provided, such grants are onty recognL8ed in the SOFA orKe the 1plent of the grant has provided the specified service LY oulput. Grants pay•bl• wlthout pwlvrmanc• condltlo Whera there are no conditions attachirp lo the grant th81 enables the thnor d)arity to r8alisb'cally avoid the commitment. a liability for th8 fijll funding obligation must b8 reccgnlsed. R•dundancy cmt Tha charity made no redund8rq payrmnts during th• rwting pwh)d. Deferred Incom• No material item of deferre(l income has been Inckth1 In aC0nts. Cr•dltors The tharity hos creditor¥ whh are measurwj a18etUgment amounts any tr&le ds(y)unts Provlslong for Il•bllltl•• A liability is measured on recognttion al its historkal cost and then subwuenuy me88urgJ al the be818sUm8le of the 8mtyJnl required lo settle th8 otrjigab.on * the reporbn9 date 8a•lc flnanclal In•tnmy•nts The charity accounts for basic finandal In8lruments initiol rwnith)n as pw p8raryaph 10.7 FRS 102 SORP. Subsequent mea$urgmenl1s a8 pw paragr8phs 11.17 to 11.19, FRS 102 SORP. 2.3 ASSETS Tanglbl• flx•d •Mot• lor by tharlty Thgse are capil8lised rf Ihey c¥n u1 for than one year, gThJ cost al least Thoy are valued 81 cost. The depreciation rates and metlKJs u88d are ddced in Th)te 14. Int•nglbl• Ilx•d aguts The charity has intsngible fLxed aysets. that is. r#Trmonetary 8889ts that do Mt hove phys1 substancg but are hl8nlrfiabl8 8nd are controlled by the charity thrrxjgh custcrtjy or legal rJhts. The amortl8ats.on rates and methods Ltsed are dist)s&J in note 15 They are volued 8t cost Horltago as80ts Th6 charity has heritag8 a886ts, Ihat L8, norNnonetsry 888ets with hlthic. arysllc, 8clerrtMc. technological. ggophyslcal or environmental qualtties that are held and malntslned pdncipally ftheir contribution to kr¥adge and culbjre. Tha dep0 ra105 aThJ mellK*J$ used as disclosed in note 16. They ar8 valLd at cost
Investments Fixed asset investments in quoted shares, traded borth similar investments are valued at iniually at cosl and gubsequenuy at fair valu8 lthelr market value) * the year end. The same treatrnent is applied to unlisted investsngnts unless fair Val (znnot be measured reliably in se rt is measured at $t10s5 impaimienL Investments held for resale or pendh)g Ir s81e and cash and cash equivalents a maturity dat8 of less than 1 year are treated as ¢xJrnI asset investrnents sto¢k• and work In mr•ss Stocks held for sale as part of non-charitable trade are meosurnd at Ihe lowgr or c>)sl or net realisable value. Goods or services provided as part of a charltable athity ara mga8uTed at rnt realisable value based on the service potanlial provid&l by rtn$ of stc%. Work in proJrgss is valued al cost185s arby fw8886 loss thgt Is Ikety to cwjr the c4)ntrad. D•btor• Debtors linduding trade debtors and loons To8b10} are measur1 on infib'al recwnluon at settloment amount after any trade dw)unts or amc4Jnt advanced by the ¢harfty. Subsequenty, they 8re measured at the cash or other considwatKn exFctwJ to be recelved. Curr•nt •M•t Invwtment• The charity has has investments vthlch It hcts for resale or pending their 1$ and Cash and ¢8sh equivalents wth 8 maturity dale les8 than Lw year. These Indude cash on d&posit 8nd ¢a8h èquivalents with a malurily data cl18SS than one year hekl lor Inv8strn8nt rathar than to m801 short term cash commitments as thoy fall d. They are valued at folr valuè except where they qLwlify as t*siG financi knstrjments. POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE li
EVANGELICAL CHURCH WINNING ALL- tECWAJ NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2022 Note J Anal1¥ ¢rf In¢•m• Prfor yo•r Fun Ful• Fury Fundb T11 Offonng Donatn5 gm8 Total 15.728.13 9.437.40 25.165.$3 15.728.13 9.437.40 Z5.185.53 11,9D6 7.144 19,0 Inter891 Inc*Jm• Total TOTAL IIICOM 25.185.53 25,165.53 19,049.60 12
EVANGELICAL CHURCH WINNING ALL- [ECWAJ NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2022 Not• 4 Rèstricted Prlor ar Analys1• of •xp•ndltuv• Unr•strlcted Fund• Endowm•n Fund• Total Fund• Fund8 Fund8 Honourarfurn Welfare Glfts and Oonats"on$ StIp8nd81 loW8nces1 Salaries Choirl Key Boardl Music Ex4Jens¢s Childrenl T8&nagèl Youth Women Follh1p PAYE & NIC 200.00 400.00 200.00 41)0.00 1,010 750 15,161 1S.557.70 600.00 15.$57.70 600.00 50.00 100 1,252 2,255.43 2.255.43 19,063.13 19,063.13 18 73 Rent PrIntIdI Po8tagW Slationary T81ophon6 Insuranct, LIcen9 & Ren8w81 Trav61 Expenses CommunicAtyon Expen48 Advert18m&nV Promo15on Refr8shmenV Enl&rtalrvnent Depra¢ladon Consultancy 1ge8 EMF40* Pen8+on 1.$60.LKI 1,580. 465 137. 137.crfj 708 35 144 143.88 245.00 143.88 245.00 2.¢)0 109 1,98S.th) 1.286.80 1.985.00 1286.60 987 3,228 TOTAL EXPENDITURE 24.642.81 24,642.81 21,501
EVANGELICAL CHURCH WINNING ALL- IECWA] NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2022 D•tall• of c•rtain •t•m• •xpendltuM 5.1 Fees for examlnatlon of th• aecounts GOVERNANCE COST Thls Y•ar La•t Year Independent examlnarfs fee8 2.{) A88urance serv1$ other than aLKlrt or IndeJeI e¥amlnati Tax advlsory fe8S Other f885 Ifor eyarnple.. flnancial adCe. ftrAn0y, 8wrrfarY ae•s pald to the independènt gxamlner 750.00 700 14
EVANGELICAL CHURCH NNING ALL- [ECWA] NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2022 Note 6 Tanglblo Ilx•d aswts Freehold 0th8r machlnery Flxturgs. land & tsnd & a motor Iitlings & l)ulld5ngs IlIdIng$ vehicl•• equipment Total At the trrflnning of the year 12.532.44 12.532.44 Addltlon$ Dlsposals At end of tha ye8r 12.532.44 12.$32.44 6.2 O•pr•clatlon and Impalrm•nts "Basis Freehold Propety Motor V8hicJe FixtLife8 & Frttlng8 Church Equlpmenl Computer E mgnt Nll 20% Straight Lln8 20% Straight Line 20% Straight Line 20% Straight Lin At beglnnlng of the year Dlsposals Depreciallon Al end of th8 year 11.524.08 11,524.08 11.524.08 11,524.08 8.3 N•t book valu• N&t botsk value al the beglnnlng ol the Yr. Nel book v8lue at tho end of the y68r 1,008.36 1,008.36 1.008.36 1,008.36
EVANGELICAL CHURCH MNNING ALL- [ECWA] NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2022 Not& 7 Cr•dltors and accnwls Please COmete this ngte il the charity has LY8d$ or o¢¢ruds. 8.1 AnaWl* of CrltorS Amounts falitYJ due wrthin one year Amcyjnts falling due after more than one year Accruals and dgferred income Totsl 1.640.00 1.640.00 700 700 82 D•l•rr•d Incomo Pleas• compbts this note rf Ihe charty has dgf8rr&J irKx)m•. Please 8xplaSn the rga80ns why income is d8ferr&J. Movement In ¢J•forr&l income account Th1¥ Ywr Last Y•ar Balance al the start ol th6 repthng 0d Amounts addgd in current Amounts released to income from p10d$ 8alanc8 al tho end of tho r8Forb"rrfJ p9ll1 16
EVANGELICAL CHURCH WINNING ALL- [ECWAJ NOTES TO THE ACCOUNTS CONTINUED Note 8 FOR THE YEAR ENDED 31ST DECEMBER 2022 Cash at bank and In hand This Year Last Year Cash at bank Total 26,370.11 26.370.11 25,657 657 17