2021-10-31-accounts - Word Fountain Christian Ministries Limited

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

ProfitandLoss Account for the year ended31October2021
	Notes		2021 £	2020 £
			69,108	73,554
Income(Tithes,Offering&donations)
Costofsales			69,108	73,554
Grossprofit			52,410	67980
Administrativeexpenses		2	16,698	5,574
Operatingprofit
			16,698	5,574
			12	47
Interest receivable			16,710	5,621
Profitonordinary activitiesbeforetaxation
Taxonprofitonordinary activities
			16,710	5,621
Profit forthefinancial year

StatementofFinancial Activities								,,,
for the year ended31October 2021						2021	2020
			Unrestricted Restricted g £			Total Fund f.	Total Fund f.	,'•
Income Resources Tithes, offerings and thanksgiving Building Fund Grants&donations	6.1		48,256 0 8,867 11,250		735	48,256 735 8,867 11,250 12	55,136 4,121 6,797 7,500 47
Others Bank interest				12 68,385	735 69,120		73,601
Total Income Resources
Resources Expended Support costsofactivities in		6.2		10,077		10,077	12,555
furtheranceofthe charity's objects
Management&Administration ofCharity		6.3		41,234 51,311	1,099 42,333 1,099 52,410		55,425 67,980
Total Income Expended				17,074		(364) 16,710 5,621
Net incoming/(outgolng) resources
NetMovementsIn Funds				17,074 50,136	(364) 16,710 5,621 86,742 136,878 131,257
Fund balances b/fWd				67,210		86,378 153,588 136,878			__;:.--_ fO
Fundsbalancesc/twd

Land&building	2%
Plant and machinery	10%
Furniture&fittings	20%
Musical equipment	20%

£	£
2,408	2,408

Tangible fixed assets
	Computers&	Musical	Furniture&
Cost	equipment £	equipments £	fittings £	Total £
At1November2020 Additions	1,192 0	21,835	19,325	42,352
At31October2021	1,192	21,835	19,325	42,352
Depreciation
At1November2020 Chargefortheyear	476 238	20,541 238	8,719 1,932	29,736 2,408
At31October2021	714	20,779	10,651	32,144
Netbook value
At31October2021	478	1,056	8,674	10,208
At30October2(JJ.0	716	1,294	10,606	12,616

4	Creditors: amounts falling due within oneyear Trade creditors Other creditors	Creditors: amounts falling due within oneyear Trade creditors Other creditors		£ 60 400
				460
5	Funds	Unrestricted £	Restricted £	2021 £	2020 £
	At 1 November 2020	50,136	86,742	136,878	131,257
	NetMovements in Funds	17,074	(364)	16,710	5,621
	At31October 2021	67,210	86,378	153,588	136,878

6Detalled Income and Expenditure Account
fortheyearended31October 2021			2021		2020
	Unrestricted Restricted		Total fund Total fund
6.1INCOMING RESOURCES Tithes, offeringandthanksgiving Building GiftAid Other Income Bank interest received Total Incoming Resources	& & 48,256 8,867 11,250 12 68,385 735 735		& 48,256 735 8,867 11,250 12 69,120		& 55,136 4,121 6,797 7,500 47 73,601
OUTGOING RESOURCES
6.2Support costsofactivitiesinfurtherance of
the Charity's objects: Honorarium		2,985		2,985	2,470
Donations & Welfare					1,100
Pastoral expenses Children, youth		2,336		2,336	623
Harvest, Events
Printing, postage & stationery					307
Family Arena					670
Charity&donations					461
Evangelical/outreach materials Books, DVD etc Members' welfare and training		1,402 3,354		1,402 1,674 3,354 5,250
		10,077		10,077 12,555
6.3ManagementandAdministrationofCharity: RentofChurch hall Telephone		33,600 1,666 119		33,600 36,663 1,666 1,732 119 1,091
Wastedisposal					0 451
Service charge					0 1,535
Training&seminar		60			60 309
Fuel Light&heat		2,285			2,285 5,516 0 119
Hall hire Repairs&maintenance Sundry expenses		527 400	1,099		1,099 2,309 527 400 400
Accountancy fees Professional and other legal fees Depreciation charge		169 2,408 41,234	1,099		169 2,892 2,408 2,408 42,333 55,425

	2021	2020
	£	£
Income (Tithes, Offering&donations)	69,108	73,554
Costofsales
Gross profit	69,108	73,554
Administrative expenses	52,410	67,980
Operating profit	16,698	5,574
Interest receivable	12	47
Profit before tax	16,710	5,621

awe DELANI AWE & CO

Chartered Certified Accountants

14 Bright Road, Chatham, Kent, ME4 5HH, Tel/Mob.07588758492 Email;adelani@delaniawe.com Independent Examiner’s report to the trustees of Word Fountain Christian Ministries

I report on the accounts of the Trust for the year ended 31 October 2021, which are set out on pages 6 to 10.

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 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

examine the accounts under section 145 of the Charities Act;
to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Charities 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 presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the 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:

to keep accounting records in accordance with section 130 of the Charities Act;
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities 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.

adelaniawe

Adelani Awe (FCCA, Msc) For and on behalf of Delani Awe & Co

ACCA Delani Awe & co is regulated for a range of accountancy services by the Association of Chartered Certified Accountants Mr. Adelani O.Awe ACCA, Msc (Accounting) 4