WOOD WORLD MISSIONS (Charity reg. 10840011 REPORT AND ACCOUNTS 31 MARCH 2024
WOOD WORLD MISSIONS REFERENCE AND ADMINISTRATIVE DETAIL8 FOR THE YEAR ENDED 31 MARCH 2024 Status The charity is consliluled as an unincorporated body. Govornlng documenl The charity is eslAbllshed under a model tru51 deod. Charlty rBglstratlon 1084001 Prlnclpal addre88 238 - 240 London Road Milcham, Surrey CR4 3HD Tru8tge• Rov. Dr. William Wood Rev. Imrsl Dr. MerLy Wood Biehop Edward Anlwi Gabriel Kwaku Wood Bishop Janip8 l.drbi Rov Reginald D E Y Kwamip. Mr Ohene Kwabina Minlali Bankors Lloyds TS8 London Qridge Branch 69-73 Borough High Street Soulhwark London, SE1 1 NQ Indopondènt oxamlner Kojo & Co I,Imiled Chartered Corlilied AccoLintanls 118-120 Lcjndon Road Milcham Surrpy C.R4 3L8
WOOD WORLD MISSIONS TRUSTEES. REPORT FOR THE PERIOD FNDED 31 MARCH 2024 The Trustees present their report together with the accouiils lor the year OBJECTIVES AND POLICIES Tho Objectives of. the Charity are lo.. advance the Christian Faith by Ministering the Word ol God bl relleve persons who are in conditions ol need or hardship or who are aged or Sick dnd lo relieve the distress caused thereby Wood World Mis8ion18 commilled lo enabling as many people as po88ib1e lo worshlp al our church and In become part ol our worshiping community. The Iruslees maintain an overview ol worship through out the community and makes suggestions on how our services can involve the many groups who live wilhin the community. Our worship and servlces pill lailh into pracllce through prayor and scripture, music and sacranienl. Wh8n planning our a¢livili8s lor the year, the IrLisle@s have coii$iderèd the Comrnlssion'6 guidance on public benefit and In particular, the specific guidance on charities lor Ihe advancement ol religion. In particular, we try lo enable ordlnary people lo live out Ih¥ir lailh a5 parl of our worshiping communlly through., Worship and prayer,. learning dboul the Gospel and developlng Ihelr knowlodge and IrLJsI in Jesus Provision ol pastoral care lor people within the church Missionary and outreach work TRUSTEES The Trusloes who served during the year and al the dale of this roport 8ro'. Rev. Dr. Willlam Wood Reii. Imrsl Dr. Merry Wood Bishop Edward Antwi Gabriel Kwaku Wood Bishop James Larbi Rpv Reginald D E Y Kwamie Mr Ohene Kwabina Minlah c.hairman Secretary
WOOD WORLD MISSIONS TRUSTEES, REPORT FOR THE PERIOD ENDED 31 MARCH 2024 REVIEW OF PAST ACTIVITIES We are very gralelul lo the Lord lor sustaining the Wood World Missions and Power Centre Church through all Ihg trying limes. We are glad lo report that all our operations In the Unlled Klngdom anLI abroad are all golng well. All OLJr operations in the UK in relation lo our Food Bank and Clollies bank have gone very well. This year we have been able lo consislenlly help over 150 families every thursday with food Clothes arid shoes provldod by our Power Centre Food bank. We are gr81eful lor all the funding we have received th81 has made all this p088ible. We are also happy lo report that all our projects abroad are golng on w811 and some are even expanding. Our projects In Uganda, Ghana, Malawi and other part5 of Africa are all going on well, We are truly grateful lo the Lord for making all this possible. I can a180 confirm that all the dep8rlmenls wllhin the Mlnlslry continues lo grow and have become more active. These include,% our Precious Women fellowship, the Men ol Power Ministry, the Youth Ministry and all the others, We are truly grateful lo the Lord lor hi5 graco over the Ministry. Wo are indeed thankful lo the Lord that what we sel out lo achiove this year all came lo Pass in Je5U5 name, We are Ihanklull lo all those who played their parl in order for all this lo be posslble. To God be the glory lor great thing8 ge has done. Amen, FURTHER DEVELOPMENTS. In the year that lies aheard of u8, we Intend lo do the lollowlng',- Continue lo walk in Divine Siabilily. Continue lo work on eyp8nding our Power Centre Food bank operations as funding permlls. Conliniie lo expand our Missionary and Charitable operations in Malawi, Ghana, Uganda and in Nigeria To open a Church branch in Toronto, Canacla and lo try and build some partners and sponsor5 from that part of the world. We inlend lo continue doinglhe same In the USA as well, We also intend lo trust God ID expand our Church membership and lo expand the partners and sponsors ol the work we do home and abroad. Last bul not the least, we intend lo continue lo trust in the guidance Df the Holy Spirit in all that we do for the Lord. May Ihe Lord's name continue lo be praised and glorified always. Amen,
WOOD WORLD MISSIONS TRUSTEES. REPORT FOR THE PERIOD ENDEO 31 MARCH 2024 WOOD WORLD MISSIONS, RISK STATEMENT The Charlly has the policy ol dlversifying ils funding base. To Ihls end the income of the Ch3rily is derived from general offerings from the members, Bible school donations, mission conferences donations and donations frorn the general public and mI8sion partners, Financial policies are In place lo ensure the prevention of and the detection ol fraud an¢J other Irregularilles, The board of Iruslee5 receivo reoular financial reports lo enable them lo monitor the Charity's income and expenditure thus keeping Ihem up lo dale with the Church's Financial posillon. By order of tho board Rev. (Mrsl r)r. Mercy N. A. Wood Secretary
INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF WOOD WORLD MISSIONS I report on the accounts of the Charity for the year ended 31 March 2024 which are sel out on pages610 11. Re$pectlve re8pon8lbllltles of trusteey and ex8mlner The Lharily's Iruslees are responsible for the preparation ol Ihe accounts. The charity's Iruslee5 consbder that an riudil is not required lor this year under oveclion 1441?) ol the CharilieB Act 2011 Ilhe 2011 Acll and that an Independent examination is needed, 11 is my re$pon8ibilily lo,, examlne the accounts under 5eGtion 145 01 the 2011 Act, lo follow the procedures lald down in the general Dlrecllons glven by the Charity COmmSsion under section 14615llbl of the 2011 Act,. and to 81alo whether partlcular mallers have come lo my allenllon Ba818 of Indvpendent 8xamlner'8 report My eKamlnalion waG carrled out in accordance with the general Direction8 given by the Charity ommission. An examination Includes a review ol the accounting record5 kept by the charity and a comparison of the account8 represented with those re¢ord5. 11 also includes consideration of any unusual Items or disclosures in the accoun15, and seeking explanallons from you as Iruslees concerning any such maller$, The procedures undertaken do not provide all the evidence that WOLJld be required in an audit and consequently no opinion is given as lo whether the accounts present a true and fair view and the report is limited lo those mallors 581 out In the slalemenl below. Independont oxamlnor'• 8tatemont In connecllon wllh my examlnallon. no maller has come lo my allenllon,, 111 which gives me reasonable cause lo believe that in any material respect the requirements.. lo keep accounting record8 In Mccordance with section 130 of the 2011 Act, and lo prepare accounts which accord with the accoLJnlirig records and comply with the the requirements of the 2011 Act have not been mel,, or 121 ID which, in my opinion, allenlion should be drawn in order lo enable a proper understanding ol th8 accounts lo b8 reachod. Kojo Amo8h.Arko FCCA Kojo & Co Ltd Association of Ch8rler¢d Corlilied Accounlanls 118-120 London Road Milcham Surrey CR4 3LB Oaled
WOOD WORLD MISSIONS STATEMENT OF FINANCIAL ACTIVITIES FOR THE YE,AR ENDED 31 MARCH 2024 Roslricled Unreslricl, Total 2024 Total 2023 Note INCOMING RESOURCES Voluntary income 36,251 173,303 20P,554 187,075 RESOURCF.S EXPENDED Charilablo expenditure 36,LY51 173,302 200,643 184,738 NET INCOME foR THE YEAR 101 1891 1891 2,337 Total funds brought forward 154 3.3,472 31,135 I'OTAL FUNDS CARRIED FORWARD 154 33,229 ",13,3113 33,472
WOOD WORLD MISSIONS BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Note TANGIBLE FIXED ASSETS 3,807 1,707 CURRENT ASSETS Debtor6 Bank and cash balance5 10,500 19,926 10,500 21,965 30,426 32,465 CREDITORS: Amount8 lalllng duo wlthln ono year 8,50 700 20,576 31,765 33,383 33,472 FUNDS,. INCOME FUNDS Unreslricled Reslrlcled 33,229 154 33,318 154 33,383 33,472 Approved by the Iruslees on Rev. William T E Wood 17 Ch8lrman
WOOD WORLD MISSIONS NOTES TO THE ACCOUNTS - 31 MARCH 2024 1. ACCOUNTING CONVENTION These accounts have been prepared on the hl8lorical co81 convenllon and in accordance with Accounting and Reporting by Charities SOI<P'. Slalemenl ol Recommended Practice applirablfy lo clidrilies preparing their aecounls in accordance with the Financial Reporting Standard cippIic<ible in the UK and Republlc of Ireland IIRS1021 effe¢llve 1 January 2020. (Lharilies SORP IFRS10211 ACCOUNTING POLICIES INCOME Income and donation5 are accounted lor as and wheii received by the charlly. DEPRECIATION Depreciation ol tangible fixed assets is provlde¢J on the slraighl Ilne basls over the expected u8elul lives of the as5els as follows.. Furniture and Office Equlpmenl Motor vehiclpp 209 on c051 25D/u on cost Fixed assets financed by grants are wrillen off lo Slalemenl of Financial Acliijilies in line wllh the accounting pollcy of the related grant. 2. VOLUNTARY INCOME Ro51ricled Unroslricl. Total 2024 Total 2023 2 OTHER INCOME Tllhe5 & offerings Tax refunds Other donations BAME Merton giving 153,795 18,507 1,000 1 Jf3.795 18,507 1,000 15,500 20.751 138,932 18,043 19,420 6,000 4,680 15,500 20,751 36,251 173,303 209,554 187,075
WOOD WORL.D MISSIONS NOTES TO THE ACCOUNTS . 31 MARCH 2024 3. RESOURCES EXPENDED Charitable expendlture Reslricled Unroslricled Tot81 Total 2023 Welf8re and sundry donations Oversp.asilt4uilding Project Rent & rates Depreciallon Voluntary expenst>S Travelling -relephoie Prolessiop.Al fees Repairs & renewal¥5 Adverlisino & video Printing, post & slal. Bank ch8rge5 English Workvhop & food bank l.ight & lioal Insurunce Sundrie8 6,130 78,0.58 64,851 670 1,724 6,572 1,312 850 6,730 78,058 6,270 52,524 68,067 795 12,180 4.427 1,667 700 924 1,594 9,887 7,983 2.530 1,312 39J 662 815 806 667 901 2,661 16,188 9,338 3.918 909 2.730 862 815 .3,257 24,834 24,834 5,106 1,666 326 5,706 1.666 326 Consecration xPenseS 3li,2Jf1 173.392 2Q)9,643 1Q4.738
10 WOOD WORLD MISSIONS NOTES TO THE ACCOUNTS - 31 MARCH 2024 4. TANGIBLE FIXED ASSETS Motor Vehicles Equipment Total COST As al 1 ril 2023 Additions duriiig tle year Dip05als 1.100 3,695 11.7001 5'1,651 3,695 11,7DOI As al 31 March 2D24 3.695 49.991 53,686 DEPRECIATION Balance broughl forward Charge far tho year Fliminaled on dispoo819 1.699 924 11.6991 48,285 670 49,984 1,594 11,6991 Baliince ci4ri.iod foi ¥vard 924 40,95b NET BOOK VALUE As d; 31 M5Jr¢h . 2,771 1,036 J,807 A8 al ,31 March 2023 1,706 1,707 2024 2023 5. DEB"foRS Prepayments and deposits 10,500 10.500 CREDITORS: Amounts falllng due wlthin ono year Olhpr creditors Accruals 850 700 850 700
11 WOOD WORLD MISSIONS NOTES TO THE ACCOUNTS - 31 MARCH 2024 7. FUNDS 01.Apr.23 Recelpt8 Payment8 Tran6fer6 31.Mar-24 ReBtrlctod fund Welfare E-SOL project & food bank 154 154 IDI 36,251 36,251 154 36,251 33,318 173,303 154 33,229 Unr08trlctèd funds 173,392 Total 33,472 209,5 Jf4 209,643 33,383 The reslricled funds relate lo funds lor the welfare ol the negdy and lor all the over$ea$ project5. 8. AIqALYSIS OF FUND BALANCES BETWCF.N THE I,IET A.SSETS Unre8trlct. Rè8trlctod Total Tangible fixed assets Currenl asspls Current Ilabilllies 3.807 30,272 18501 3.807 154 18501 33,229 154 33,383