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2023-03-31-accounts

WOOD WORLD MISSIONS (Charity reg. 1084001) REPORT AND ACCOUNTS 31 MARCH 2023

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WOOD WORLD MISSIONS REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2023

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WOOD WORLD MISSIONS TRUSTEES' REPORT FOR THE PERIOD ENDED 31 MARCH 2023

The Trustees present their report together with the accounts for the year

OBJECTIVES AND POLICIES

The Objectives of the Charity are to:

a) advance the Christian Faith by Ministering the Word of God ) relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused thereby. Wood World Mission is committed to enabling as many people as possible to worship at our church and to become part of our worshiping community. The trustees maintain an overview of worship through out the community and makes suggestions on how our services can involve the many groups who live within the community. Our worship and services put faith into practice through prayer and scripture, music and sacrament. When planning our activities for the year, the trustees have considered the Commission's guidance on public benefit and in particular, the specific guidance on charities for the advancement of religion. In particular, we try to enable ordinary people to live out their faith as part of our worshiping community through: 7 Worship and prayer; learning about the Gospel and developing their knowledge and trust in Jesus 7 Provision of pastoral care for people within the church . Missionary and outreach work

TRUSTEES

The Trustees who served during the year and at the date of this report are: Rev. Dr. William Wood Chairman Rev. (Mrs) Dr. Mercy Wood secretary Bishop Edward Antwi Gabriel Kwaku Wood Bishop James Larbl Rev Reginald D E Y Kwamie Mr Ohene Kwabina Mintah

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WOOD WORLD MISSIONS TRUSTEES' REPORT FOR THE PERIOD ENDED 31 MARCH 2023 REVIEW OF PAST ACTIVITIES The Lord has been good to the Wood World Missions & Power Centre Church over the last year. We are very graeful to all those who God used to assist us in all our projects home and abroad. In relation to our Community engagement exercises here in the United Kingdom. We are very grateful to the London Borough of Merton for their grants which have enabled us to expand our Power Centre Church Food and Clothes Bank. We are also very grateful to BAME VOICE whose encouragement and support enabled us to run the ESOL English Classes in the Merton Community. This Course was not only attended by residents of Merton, but also by residents from the neighbouring communities. In the coming year, we are looking to expanding our Food and Clothes Bank operations in our community. We aim to help residents of our community more during this cost of living crisis time. It is our prayer that all the grants and funds we receive will enable us to fulfil our objections in Jesus name. Our projects in Ghana, Uganda, Malawi and other parts of Africa continue to grow from strength to strength. Our 2 major schools in Ghana are both doing well. Our Wood World Missions Technical and Vocational School in Akosombo ( Akosombo Academy) continues to grow and expand. We have managed to register with all the organisations and institutions that we needed to register with. Thanks to all the teachers and sponsors, all is going well in the school. It is our prayer that this will continue year in Year out to the Glory of the name of the Lord. | | am also glad to report that we were able to visit our friends and partners in the USA. We were able to brief them on all our projects in Africa. They look forward to receiving further briefings from us. We also thank God for our Malawi projects, both in the North and in the South. Thanks for the faithful and hardworking coordinators that we have there. The work there continues to expand and grow. Glory be to God. Our Youth Centre in Uganda also acts as a hub for recruiting members of the Community who wish to attend our Free Wood World Missions Free Bible School Correspondence course. This has helped most of them to receive the education and help that they need in order to serve God better. We thank God for that. Our Men, Women, Children and Youth Ministries continue to grow fro strength to strength. They are all utilising the opportunities that we continue to offer them. Their confidence In Ministerial Work is also growing. It is our prayer that the Lord will continue to work on them as the Ministry expands and grows. We are able to report that our consecration as Archbishops came to pass on saturday the 17th of December, 2022. we thank God for all those who helped to brig it to pass. Thanks also to NNOBOA, Evangelical Alliance and other groups that we belong to who played their part in order to make the occasion a great success. We are looking to build on that great acheivement by the grace of God.

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WOOD WORLD MISSIONS TRUSTEES' REPORT FOR THE PERIOD ENDED 31 MARCH 2023

FURTHER DEVELOPMENTS.

The Charity has the policy of diversifying its funding base. To this end the income of the Charity is derived from general offerings from the members, Bible school donations, mission conferences donations and donations from the general public and mission partners. Financial policies are in place to ensure the prevention of and the detection of fraud and other irregularities. The board of trustees receive regular financial reports to enable them to monitor the Charity's income and expenditure thus keeping them up to date with the Church's Financial position.

By order of the board Rev. (Mrs) Dr. Mercy N. A. Wood Ra Secretary Dated: 2-2 | ( 31 Dig ZS

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INDEPENDENT EXAMINER'S REPORT

TO THE MEMBERS OF WOOD WORLD MISSIONS

| report on the accounts of the Charity for the year ended 31 March 2023 which are set out on pages / to 16. 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(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to: _ examine the accounts under section 145 of the 2011 Act. . to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and : 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 Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts represented 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.

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: F to keep accounting records in accordance with section 130 of the 2011 Act, and . to prepare accounts which accord with the accounting records and comply with the the requirements of the 2011 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. (2 , mh, fZOaS Kojo Amoah-Arko FCCA Kojo & Co Ltd Association of Chartered Certified Accountants 118-120 London Road Dated Mitcham surrey CR4 3LB

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WOOD WORLD MISSIONS STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

Restricted Unrestrict. Total Total
2023 2022
Note ra a
INCOMING RESOURCES
Voluntary income 2 18,740 166.800. 167,075 190,076
RESOURCES EXPENDED
Charitable expenditure 2 22,140 161,999 184,739 160,496
NET INCOME FORTHEYEAR (4 000) 6.3557 L001 (5,420)
Total funds brought forward 4,154 26,981 31,139 30,550
TOTAL FUNDS CARRIED 154 35,016 33,472 Ot,100
FORWARD

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WOOD WORLD MISSIONS

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BALANCE SHEET AS AT 31 MARCH 2023
2023 2022
Note £ £ £ E,
TANGIBLE FIXED ASSETS 4 1, (07 2,002
CURRENT ASSETS
Debtors 10,500 10,500
Bank and cash balances 21,965 19:383
32,465 29353
CREDITORS: Amounts
falling due within one year 8) 700 700
31,/66 29,133
33,472 37,135
FUNDS:
INCOME FUNDS
Unrestricted 6 53,918 26,981
Restricted 6 154 4154
33,472 51,135
Approved by the trustees on
Rev. William T E Wood
Chairman
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WOOD WORLD MISSIONS

NOTES TO THE ACCOUNTS - 31 MARCH 2023

  1. ACCOUNTING CONVENTION

These accounts have been prepared on the historical cost convention and in accordance with Accounting and Reporting by Charities SORP: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financia! Reporting Standard applicable in the UK and Republic of Ireland (FRS102) effective 1 January 2022. (Charities SORP (FRS102)) ACCOUNTING POLICIES =e

INCOME

Income and donations are accounted for as and when received by the charity. DEPRECIATION Depreciation of tangible fixed assets is provided on the Straight line basis over the expected useful lives of the assets as follows: Furniture and Office Equipment 20% on cost Motor vehicles 29% On cost

Fixed assets financed by grants are written off to Statement of Financial Activities in line with the accounting policy of the related grant.

2. VOLUNTARY INCOME

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Restricted Unrestrict. Total Total
2023 2022
s a Ee
2 OTHER INCOME
Tithes & offerings - 199,992 138,932 2O.0 11
Tax refunds - 18,043 18,043 25,061
Other donations 8,060 11,360 19,420 21,304
BAME 6,000 6,000 4,000
Merton giving 4,680 4,680 2,000
18,740 166,335 167,075 155.076
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WOOD WORLD MISSIONS

NOTES TO THE ACCOUNTS -31 MARCH 2023

  1. RESOURCES EXPENDED

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Charitable expenditure
Restricted Unrestricted Total Total
2023 2022
i F i 2
Welfare and sundry donations - 6,270 6,270 10,575
Overseas/Building Project - 62.524 52,524 52,197
Rent & rates - 68 067 68,067 64,685
Depreciation - 195 195 932
Voluntary expenses 9 220 2,960 12,180 7,200
Travelling 920 3,908 4,428 5,202
Telephone - 1,667 1,667 g a AS
Professional fees - 700 700 700
Repairs & renewals - 896 896 430
Advertising & video - 96 / 967 699
Printing, post & stat. - 901 901 493
Bank charges ~ 2,661 2,661 2,282
English Workshop 8,060 he 8,073 -
Light & heat 2,340 6,998 9 338 4,011
Insurance ~ 3,918 3,918 9 072
Sundries - 909 909 3891
Consecration expenses - Z,130 2,180 -
Food bank 2,600 3.516 8,116 2,007
22,140 161,999 184,739 160,496
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