WOOD WORLD MISSIONS (Charity reg. 1084001) REPORT AND ACCOUNTS 31 MARCH 2025
WOOD WORLD MISSIONS REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2025 status The charity is constiluted as an unineorporaled body Governing document The charity is estaOlishe(l under a model trust deed. Charity registration 1084001 Principal addre 238- 240 London Road Miicham. Surrey CR4 3HD Trust••8 R•v. Dr. William Wood Rev IMTS) Or. Mercy Wood Bishop E¢tsard Anlwi Gabriel Kwaku Wood Bishop James Larbi Rev Reginald D E Y Kwam Mr Ohene Kwabina Mintah Bankers Lloyds TSB London Bridge Branch 69-73 Borough High Street Soutrwark London. SE1 1NQ Ind•p•nd•nt *x•min•r Kojo & Co Limited Chartered Certified AGGounlaniJ 11&120 London Ro8d Milcham Surrey CR4 3L8
WOOD WORLD MISSIONS TRUSTEES, REPORT FOR THE PERIOD ENDED 31 MARCH 2025 The Trustees present their rewrt lojether with the accounts for the year OBJECTIVES ANO POLICIES The ObjeGlives of the Chanty are to". advance the Chrisb'an Faith by Ministerin9 the Word of God bl relieve persons who are in conditions ol nee(1 or hardship or who are aged or sick and lo relieve the distress caused thereby. Wood Wodd Mission is committed 19 enabling as many people as possible to worship at our church and to become part of our worshiping community. The trustees maintain an overview ol worship through out the community an¢J makès SLtggestions on ho%¥ our services Can involve Ihe many groups who live within the cornmunity. Our worship and sorvice6 put tailh intg practlC8 IhroLtgh Pr3r and scripturè, music and sacrament. Whtrn planning our aetiviti•s for lh• ar, th• trust886 havo consid8rgd Ihg Commission. guidance on public benefit and in particular, the specific guidance on charitses lor the advanccmont of rcli9ion. In particular, wo try to onablg ordinary peoplè to livè out th•ir faith as part ol our worshiping community through. Worship and prayer., leaming aboul the GOSW and developing their knowlcd9c ond tru•t in Jcovu Provision of pastoral care lor people within the Church Missionary and oulrcgch work TRUSTEES The Trustees who 8erved during the year and at Ihe dttts ol this report are.. Rev Dr William Wood Rev. Imrsl Dr. Mercy Wood Bishop Edward Antwi Gabriel Kwaku Wo¢xl Bishop James Larbi Rev Reginald D E Y Kwamie Mr Ohene Kwabina Mintsh Chairrnan Secrelary
WOOD WORLD MISSIONS TRUSTEES, REPORT FOR THE PERIOD ENDED 31 MARCH 2025 REVIEW OF PAST ACTivrriES We arp very grateful to the Lord for sust31ning the Wood Worfd missn$ and Power Centre Church through all the trying times. We ar& glad to reFQrt that all our operations in the Uniied Kingdom and abroad are all going well. All our OFErab'ons in the UK in relation lo our Fc*Jd Bank and Ck)thes bank have gone very well This year we have been able lo consislenuy help over 150 families every Ihursday with food clothes and shoes provided by our Power Cenlre Food bank. We are grateful for all the funding we have received that has made all this possible. We are also happy lo report that all our projects abroad are going on well and some are even expanding. Our projects in Uganda. Ghana, Malawi and othef parts ol Africa are all going on weil. We are truly grateful lo the Lord for mdkiiiy illl illi¥ yu¥¥ibl¥. l ¢an also conflrm that all the (Jepartrnents within the Mlnlstry contlnues lo grow and have become rn0 acb've. These includes our preCu5 Women lellowship. the Men ol Power Ministry, the Youth Ministry and all Ihe olhers. We are truly gralu1 the Lord lor n15 grace over the Ministry. We are indeed thankful io the Lord that what we sel out to achieve this year all ome lo pass In Jesus name. We are Ihanklull lo all Ihose who played their part In oraer lor all thls lo be po¥3ible. To God be the glory for great things ge has done. Amen. FURTHER DEVELOPMENTS. In the year thal IS aheard of us, we intend to do Ihe lollowing'.- Continue lo walk In Divine Stability. Continue lo work on expanding our Power Centre Food bank operations as funding permit5. Gonlinue lo expand our Miss)nary and Charitable Operatn5 in Malawi, Ghana, Uganda and in Nigeria To open a Church branch in Toronto, Canada and to ty and build some partner5 and sponsors ftom that part of the worfd. We inlend lo continue doinglhe same In the USA as well. We also Intend to trust God lo expand our Church membership and lo expan(J the partner5 and sponsors of tre work we do home and abroad. Last bul not the least. we intend to continue to trust in the guidance of the Holy Spirit in all that we do lor the Lord. May the Lord's name conb.nue to be praised and glorilied aY$. Amen.
WOOD WORLD MISSIONS TRUSTEES. REPORT FOR THE PERIOD ENDED 31 MARCH 2025 WOOD WORLD MISSIONS, RISK STATEMENT The Charity has the policy ol diversitying Jts funding base. To this end the income of the Charity Is derived from general offerings from the members. Bible school donations. mission conferences donations and donations from Ihe general public and mission partners. Financial policies are in place to ensu the pVentn of and the detects.on of fraud and other Irregularities. The board ol trustees receive regulaf financial rew)rts to enable Ihern lo monitor the Charity's income and expenditure thus keeping them up lo dale with the Church's Financial position. By order ol the board Rev. IMr51 Dr. Mercy N. A. Wood Secretary Daa 11
INDEPENDENT FXAMINFR'S REPORT TO THE MEMBERS OF WOOD WORLD MISSIONS I rg.tX)rt on the accounts of tho Charity for the year ended 31 Macch 2025 which aro set out on pages6 10 11. Respective responsibilities of trustees and examiner The charity's trustees are re5FK)nsible lor the preparation of the accounts. The charity's twstO0s eonsider that an audlt is not required for this year under- ection 144121 of thc Gh8rities Act 2011 Ilhe 2011 Acll and that an independent examination is needed. It is my responsibility to.. examine the accounts un(Jer 5ects.on 145 01 the 2011 Acl. lo follow the procedure5 laid down In the general Directions given by the Charity Commission under svtson 1451Sllbl of the 2011 AGI". and to ?tsle whether partUlar mattefs have corne lo my attention Basi8 of independont examlnerfs report My examination was earned out In accordance wilh ihe general DireCtn$ given by the Charity Commission. An examination In¢lude5 a review ol the accountin9 records kept by the harily and a comparison of the accoun15 represented wilh Ih05e records 11 also Includes consideration of any unusual items or disckisures in the accounts. and seeking explanations from you 85 Iruslees concerning any such mallers. The procedures undertaken do not provide all the evidence that would be required in an audil and consequently no opinion is given as lo whelhef the accounts present a true and lair view and the report is limited lo those mallers sel oul in the sialemenl below. Independent examlner's statement In connection with my examination, no matter has come lo my allents¢Jn'. 11 I which gives me reasonable ¢ause to believe that in any material respect the requirements." lo keep accounting records in accordance with secLKsn 130 01 the 2011 Act, and to PTepare accoun15 which accord with the accountsng records and comply with Ihe the requirements ol the 2011 Act have not en mel," or 121 lo which. in my opinion. attentK)n should be drawn in order lo enable a proper understanding ol the acwunis lo be reached_ Koio Amoah-Arko FCCA Kojo & Co Ltd Association of Chartered Certbfted Accountants 118-120 London Road Mitcham Surrey CR4 3L8 D8led
WOOD WORLD MISSIONS STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Resillcted UnreStrt. Total 2025 Total 2024 Nole INCOMING RESOURCES Voluntsry income 31.771 177,010 208.781 209,553 RESOURCES EXPENDED Charitable expenditure 20.037 159,070 179.107 209,643 NET INCOME FOR THE YEAR 11,734 17.940 29.674 1901 Total fvnds brought forward 154 33.229 33,383 33,472 TOTAL FUNDS CARRIED FORWARD 11.888 51.169 63.057 33,382
WOOD WORLD MISSIONS BALANCE SHEET AS AT 31 MARCH 2025 zozs 2024 Note TANGIBLE FIXED ASSETS 4.205 3,807 CURRENT ASSETS Debtors Bank and ¢ash balances 10.500 49,202 10.500 19.926 59.702 30.426 CREDITORS: Amounts falling due within one year 850 850 58.852 29,576 63,057 33.383 FUNDS.. INCOME FUNDS Unrestricted Restricted 51,169 11,888 33,229 154 63.057 33.3B3 Approved by the Iruslees on Rev. William T E Wood Chairman
WOOD WORLD P4llSSIONS NOTES TO THE ACCOUNTS - 31 MARCH 2025 I. ACCOUNTING CONVENTION These accoun15 have been prepared on the histortcal cost convention antj in accordance with Accounting and Reporting by Charibes SORP. Stslement ol Recommended Practice applicable lo charitS preparing their accounts in accordance with the Financial Reporting standard applicable in the UK and RepublK of Ireland IFRS1021 effective 1 January 2020. Ichariknes SORP IFRS10211 ACCOUNTING POLICIES INCOME Income and donations a a¢Unted for as and when received by the chanty DEPRECIATION Depreciation ol tangible fixed as5els is provided on the straight line basis over the expected useful live5 01 the assets as lollow5'. Furniture and Offi'ce Equipment Motor vehicles 20% on cost 25% on cosl Fixed assels financed by grants are written off to Stalemenl ol Financial Activities in line with the accounting policy ol the related granL 2. VOLUNTARY INCOME Re51ricteO UnrestrKt. Total 2025 Total 2024 2 OTHER INCOME Tithes & offerinos Tax refunds niher donations BAME Merton giving 140.488 23.022 140.488 23.022 153,795 18,507 1,ann 15.500 20,751 10,500 21,271 10.500 21.271 31.771 177.010 208.781 ?09.553
WOOD WORLD MISSIONS NOTES TO THE ACCOUNTS - 31 MARCH 2025 3. RESOURCES EXPENDED Charitable expenditure RestrKted Unrestricted Total 2025 Total 2024 Welfare and sundry donations OverseaslBuilding Project Rent & ratès Depreciation Voluntary expenses Travellin9 T¥lvyliviie Professional lees Repairs & renewals Advgrtising & video Printing, post & stal. Bank charges Enolish Workshop & Ictsj bank Light & heal 9.378 64.267 52,640 1,334 4800 9.378 64.267 52,640 2.258 4800 6,488 1,572 850 3.380 430 6,730 78,058 64,651 1,594 9,687 9,102 1.312 850 393 662 924 6,488 1,572 850 3.380 439 1.951 311 1.951 311 18,213 4,689 1,253 2,165 900 3,552 815 3,257 24.834 5,706 1.666 326 18.213 4,689 ,253 2,165 Sundries Men ol Power Fellowship I po%1 IAos 3.5S2 20,037 159.010 119.',UK 2Vg.ti43
10 WOOD WORLD MISSIONS NOTES TO I HE ACCOUNTS - 31 MARCH 2025 4. TANGIBLE FIXED ASSETS Motor VehiGle5 Equipment Total COST IKG at 1 April 2024 Additions during the year 3.695 49.991 2.656 53,686 2,656 As at 31 March 2025 3.695 52.847 56,342 DEPRECIATION Balance brought forward Charge lor the year 924 924 48.955 1.334 49.879 2.258 Balance carried forward 1,848 50,289 52,137 NET BOOK VALUE As at 31 March 2025 1.847 2.358 4,206 As al 31 Mareh 2024 2.77t 1,036 3,807 2025 2024 S. DEBTORS Prepayments and deposltS 10.500 10,500 6. CREDITORS: Amounts falling due within one year Other creditors Accruals 850 850 850 850
WOOD WORLD MISSIONS NOTES TO THE ACCOUNTS - 31 MARCH 2025 7. FUND5 01-Apr-24 Receipts Payments Transfers 31-Mar-25 Restri¢te(I fund¥ Welfare ESOL project & food bank 154 31,771 20,037 11,734 154 31,771 33.229 177.010 20,037 159.070 11,888 51,169 Unrestrlcled funds Totol 33.383 208.781 179,107 63,057 The reslricled funds relate to fund5 for Ihe wdlare of the needy and lor all the overseas projects. 8. ANALYSIS OF FUND BALANCES 8ETWEEN THE NET ASSETS Unrv•triet. Rts•tri¢ttsd Tot•1 Tangible fixed a¥ts Current assets Currcnl 11obililie 4.205 59.548 18601 4,205 59.702 18501 62,003 154 63,057