##
##
##
##
##
##
##
##
##
##
|**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**||||||||||
|**NetMovements**In 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|
|At30October**2(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||I\~-|
|---|---|---|---|---|---|---|
|||||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||
##
##
|6**Detalled Income and Expenditure Account**||||||
|---|---|---|---|---|---|
|**fortheyearended31October 2021**|||**2021**||**2020**|
||Unrestricted
Restricted||**Total fund**
**Total fund**|||
|6.1**INCOMING 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**||||||
|6.2**Support 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**||
|6.3**ManagementandAdministrationofCharity:**
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**