ReEiStcred Ch#rih. No: 1102347 Comp8llle5 Hou$c No- 04934500 WORD FOUNTAIN CHRISTIAN MINISTRIES LIMITED Trustees, Report and Accounts For the Year Ended 31 October 2025
CONTENTS PAGE Legal and Administrative Dctai]8 TTU8tees' Report Independent Examiners. Report Profit and Loss Sthtement of Financial Activities Balance Sheet io 11 Notes to the Accounts 12 21page
REFERENCE AND ADMINISTIL4TIVE DETAILS OF THE CHARITY, ITS TRUSTELS AND ADVISERS FOR THE YEAR ENDED 31 ooBER 2025 John Folonuw Durodolo Catlwine Rae R& M8ry Adepegba Modupe Oluwatoyin Adefala Olabode Adedjyo Adefala Dlrects Mary Adepe8b• Modup¢ Oluwatoyin Ad¢fala 01gbod¢ Adedayo Adefala Th¢ Directors are also Trtl$ of the charity; Dot 411 Tnte¢S sery¢ as Dire¢tor5 of the Charithble company. D•te of Charltsble Re8tstrAdon 2e F¢brnary 21))4 PrlneipAI •ffle• Word Fountain CtiTiStiaD Ministri¢s Rear Hall 73 Hollow Way Cowley OXFORD OX4 2ND Independent exAmlnen Accountin8 Assist Cjo Good to Give Chartered Certified AcCoUntts 7 Bell yart Lonthw WC2A 2JR B*nkers Lloyd8 pl¢. 25 Greshom StteeL London EC2V 7HN 31page
TRusfEES' REPORT FOR THE YEAR EIYDED 31 OCTOBER 21125 The Board of Trustw who are the trustees for ¢hartty law purposes. submit their annual report and th¢ fittatt¢ial slatements of Word Fountain Chrisiian Ministries Limited for the year ended 31 October 2025. The Board of Trustees ¢onfirnk8 that th¢ gnnual report and financial ststements of th¢ Charity comply with ¢urreni Statutory r¢quir¢m¢nts. the requirements of the Charitys goveming document and the provisions of the Ststemcnt of Recommended Prncti¢e (SORP)'Accoun¢in8 and Rwrting by Charities (FRS 102). Strutthrey governance •nd maniement The 5 Trustees are.. John Folorunso DurodoiA Caiherine Rae Ross Mary Adepegba Modup¢ Oluwatoyin Adefal Ol•bode Adedayo Adefala Governlng Document: WORD FOLfNTAIN CHRisfiAN MtNJSTRIES LIMED is a charitable incorporated organisation re8lSt¢red as a ¢h8rity on 26th February 2004 and registered #s a company on 16¢h October 2003 as amended by resolution by 8ih February 2004. Th¢ Charity is 8ov¢rned by its constitution adopted on 26th FebTuary 2004. Objeedvu and A¢¢lvltl Word Fountstn Christian Ministries is commilled to spreadin8 the Go$1 of Jesus Christ servin8 ihe spiritual and practical of individuals fomilie8. Our objectives include: Promoting Christian faith through worship seryi¢es, discipleship pro8r8m8. and outreach activities. Providing Pastornl care, courk8ellin& and 8UPPOrt for individuals fomilies. Engaging ID chitable activities. includin8 fi)od distributio mmunity welfare projects. and educational initiatives. Supportin8 youth d¢v¢lopment pro8fdms to nurture the n¢xt 8eneraiioD In faith ond leadership. Achlevements and PerfoTm*Dee Dwing the finan¢iai y¢ar. the ministry Unde various programs to fulfil its mission.. Worshlp and Dtselpleshlp Held regular Sunday s¢ryices and mid-week Bible SdY session5. with an in¢Thse in attendance and onliDe en8a8¢AJKllt at our thr¢e assemblies in Swilldo North Oxford and Cowl¢y. 41page
TRUSTEESI REPORT FOR THE YEAR ENDED 31 ocfoBER 2•25 Conthicted prnyer retreat& f&qting progtams. and discipleship training sessions to de¢pen Spirial wwth. Comrnunlty Outreaeb *ttd So¢lAI Impact Organised food distribution initiatives benefiting over 500 individuais in need. Engaged with local and national organisiOnS like Oxford food hub and His Church to PTovid¢ assi8tance the hom¢le$5 artd vuin¢Tabl¢ bThUPS. Faciliiat¢d moDth long l¢achin8 and emw)w¢rnient in the arw of family. finance and fitness in addition to offering 8uidaDce and support Program to StrU88lin8 individuals and families. Youth And Chlldreth's Mthlstry Expanded th¢ youth fellowship, with mcntying and skill-building sessions. Hosted sprin8 ¥nd slimme.r yoiith events and edu¢atioDal w05opS to empower yoiin8 people spiri11Y and academillY through its Family Ar Community Link Project. Delivered holiday a¢tivities in spring And sUD¢r for over 120 children and youths and seryes as A member of Fast Oxfotd Youth Par¢n¢rship and Oxfordshire Youth Orgoni$ation. Work¢d with Aylesbury Youth Club, London Metropolitsn Fornm arrfl other miDistries to provide ment01p to youths. Mluloni and Ev•Dg¢llM Conducted local and iniern8tional rnission trips to 4>read the Gospel and Support underprivileged communities. Supported national or8anisaliotis such •s Care for the Family and IDternation81 Minislet5 Fellowship to rh famili¢s nations beyond our Th. SIpa8e
TRUSTEES, REPORT FOR THE YEAR ENDED 31 OCTOBER 2025 Fthandal Revlew The ministry maintsined fin¢1&1 stability during the year. supported by tithe4 offerin8s. and donations. Key financial hi8hli8bts include.. Total Income: £104,905 Tot Eipendltllre: £93.141 Surpluy for the year £l1.764 Rtservu It yr-Eo. £187.483 During th¢ year. the charity receiv a ¢Jnewoff domtion of £3.IXJ) from Bethel Gospel Church upon its ¢essation &8 a charity. This has been treated as restricted income and is reflected tn th¢ r¢styictd funds balance al year end. Funds were ailoc4ted effi¢ieDdy to ministy progr•ins. community outreach, aDd operational osts. Reserves Polley Th¢ Trustees have agreed that it is prud¢nt to maintain reserv¢s at 8 l¢v¢l sufficient to cover atl¢as¢ six months of operational costs to ensure the ministy can continue its activities in the eveni of unfores¢¢n circumstances. The reserves ar¢ r¢viewed annually to reflect th¢ ¢h&ngin8 needs and commithKDts of the ministy. sUlUs funds are designated for Ojture projects, community outrwh, and infr4slrnthwe impTovements. The restric funds ar¢ for projects. Strncthre, Gov¢rnAAc4 M*nigement WFCM operntes under o Bogrd of Tnwtees TespoDsible for straie8ic over8ighL 8overnance. and ¢ompliAnc¢ with Charitsble regulatioD& Thc Board meets re8ululy to ¢nsur¢ effective manag¢meni of resources and alignm¢nt with the ministy's mission. The charity is 8ovemed by 4 Board of Ttuste¢s, some of whom also serve as Dirwtors of the charitable company. PIAni for the FutUTe Lwking ahead, Word Fountain Chrimian Ministries aim8 to: Expand outreach programs to reach mor¢ indiviththls in need. Develop new di8itsJ evangelism strate.¢8 to enhance online minisiry presenrL. Str¢o8th¢n partnershi with louL M4tiODal and int¢rnitionJl OT8anisations for gre41er community impact. EDhance youth progTwns leadersbip trnining to equip fvture Christian leaders. 61page
TRUSTEES, REPORT FOR THE YEAR ENDED 3) OCTOBER 2025 Con¢luglon Th¢ Tru8t¢¢s ¢xpress gratitude to our members. donors. volunteers, and partners for their unwaverin8 SUPPOrt. With faith and ¢oollnithieoi. we ¢ontinu¢ io WO towards fulfilling our mi8sioD of shaTiD8 th¢ lov¢ of Christ and servin8 oufc<¥mmunity effectively. Independent ElnIner. The Charity's independenl exwnin¢r. Anum Hassw FCCA of A¢¢ountin8 A$$ist Ltd Clo Good to Give Lts4. have indicated their willingness to offer them1V for appointment. The Ttusiees acknowledge their r¢sN)nsibiliti¢s for complying with the requirernents of the Charities Act 2011 with respect to accountin8 re¢otds and the preparaiion of fMw)¢iil slalements. This rep)rt was approved by the Tn18 on ond si8rKd on their behalf by. N•me. Slgn*tsr¢... D•le... 71 Page
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 OCTOBER 2025 INDEPEND EKIMINER'S REPORTTO ThE TRusfEES OF WORD FoAIN CHRJSTIAN MINisfRILS LIMITED I report on th¢ finwial ststernents of the cbviry for the year erknd 3]0 2025 whi¢h comprisc the Statement of Financiwl Aetivities end Bthnc¢ Sh¢¢1 with associate )1¢5. This rep(t is nud¢ 3ol¢ly to the tharitys Tnrn as a btyjy, in K¢ordan¢¢ with s¢rtion 145 of the Chariiies Ad 2011 and regul¥tion5 Under seetion 154 of thai Au. My WO has be¢n undcrtaken so that l rnigh¢ sw¢ tc th¢ ¢baritYs Tnte¢S thos¢ znAtt¢rs l r¢quir¢d to $thte them iti an indepettdent examinefs rwrt and for no purpose. To the fijllest exlenl p¢rnitt¢d by law. I do not ateept or usume responsibility to Anyone othcr than the chtrity at)d the ¢h8rity¥ TTUStee¥ as body. for my wAAminl0 work. RFSPECTIVE RESPONSIBILITIL8 OFTRUSTEES AND EXAMINER Th¢ elwitys Tnutees are T¢spDnsibl¢ for the Pre of the financial slatemertis, d coL%ider that audit is not required for this year under seaion 144(2) of the chIlle$ Aei 2011 (the A¢¢) and th•¢ an indewdent exominolion is n¢ethd li is my responsibility to-. Examine tbe acc(AWts (uT#Jer stil?0 145 of the Chiti Act): To follow the predureS llid down in the GeneTa] Directions 8iven by the Charity commissior (uThler Seaion 145(SXb) of the Clwitses A). and To state wther parti1•r matrs have corne io my ¥lt¢nli¢)n. Baits of IDdepeident Ex1¢r,• report My examinion was crIed out in •¢wrde with Genernl Dir¢etions given by the athrity Cornmissioners. An ¢x8rniMtion includes a T¢Vi¢W of the iceounting records kept by the GrouplDistrici and a CompryI o(Ihe a¢Unts w¢%nt¢d with those records. It 3150 includes consideration of any wiu5ual items or disclosures in the a¢ewnts and seekin8 ¢xplanations from you 45 trustxs conceming sh matters. Tr proceduT¢S undertaken th) noi provide all Ihe evidence that would be required in an audit. Ind Cottsequenily no opinion is 8iven as lo wh¢ther the CoUnt$ PTes¢nt a 'true and fair. view and the r¢port is limiied io those mat¢¢rs sd w in rhe sla¢ent below. Independent ElAttller'S In connection with my exnin8ticffl, no matter come io my Ittention: l) whi¢h 8ives me r¢uonabl¢ caw to believe thii in any Material r¢spttt the rwuiremenls.. • tts keep •ttouniing record5 in accor with section 130 of the Aer; athj to pr¢parc fu¢111 sthi¢m¢nts whi¢h act with ihe i¢counting re¢orth and eomply with th¢ awountin8 requiTemenls of the A have not be¢n m¢( or 2) io which, iD my Opinio attetstion slk)uld b¢ in orderto embl¢ ¥ pr0perunderrtinS of th¢ finaTKial 5taiements to ff8¢hed Sn¢d: D*t¢d: 0810712026 Anum Has$•N. FCCA On behalf of Accouniing Assisi L 81 Page
PROFIT AND LO&S ACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2025 2025 2024 Income (Tithes. Offering & donation5) Other Income 86.649 16.990 70,986 23212 Interest receivcd 720 Totsl Income 104.705 94.918 Cosi of sales 6,351 Crom profl¢ 104.705 88.567 Ow8ting expcDses 95,252 76,2(Kl Proflt b¢fore ¢x•tloD 9.453 12.367 Tix on profit on ordinary a¢tivities Proflt lor the lInnd yeAr 9,453 12,367 91Paee
STATEMENT OF FINANCIAL ACnVITILS FOR THE YEAR ENDED 31 ooBER 2025 2025 2025 21125 Total FuTrd$ 2024 Total Funds UDre4tr1cted Restrlcted Notes Income Rdourees Tithes and offerings oth Donatio GiftAid Other Income Bank interest 73.6iX) 73.600 64.007 539 9.709 16.990 1.067 3,540 9,709 16,990 1,067 6.979 23,212 720 Tot•1 Income Rewllrc 3,000 1•4,9QS 94,918 Resourcu Expended Support costs of aciivities in fithernce of the ¢lwity$ objects 24,903 24,903 25,494 Management & Athninistration of Charity 68238 68,238 57,056 Totsl Income Expended 93,141 93,141 82,550 N¢t ImcomlnW(out8olll8) resources 8,761 3,000 11.764 12J68 Ntt Movemethts In Fund$ Fund bl•n¢es Wfwd Funds blin¢es clfwd 8.764 11,764 175.719 187,483 12,368 168,383 180,751 82.964 91,728 92,755 95,755 IOIPage
BALANCE SHEET AS AT 31 ocfoBER 202S 2025 2025 2024 2024 Notes Tangible red asKts 4.768 5,955 4.768 5.955 CurreD¢ •u¢ts Debtors Cash at bank and in hand 6.798 177,445 184243 174.298 175,196 Creditors: amounts fallin8 due wiihin one year 1,528 N¢1 ¢urrent usets 182.715 174 796 Totsl assets less current liobiliti¢s 187,483 180,751 Net Assets 187.483 180.751 Restri¢l¢d Funds Unrestricted Funds 95,755 91.728 92,755 87,996 Rejtrlcted And UDrestrleted Fund$ 187.483 180.751 The It$ 8cknowledge th¢ir responsibilities for complyin8 Wlth the requir¢m¢nts of the Charities Act 2011 with respect to xwting records and the preparntion of financill statements. This was approved by th¢ Tn1¢¢% oll #nd signed on their behalf by: N*m¢ . Slgn8tyr¢..... 111 Page
The notes on pages 12-15 form part of thes¢ financial statements. NOTES TO THE FINANCIAL ATEMENr FOR THE YEAR ENDED 31 ooBER 2025 I. ACCOUNTING POLICIES 1.1 B¥ts olprepiradom of IlnAn¢lAI statem¢nts Th• fittaneiAI st4t•ments hwe been pr¢pred under the histori cost convention ¥nd in aCCdance with FRS 102 ond the Ch8riti¢s SORP {FRS 102). 1.2 Fund K¢ouDthbg General fvnds are wwestricted fids which are 4v8i18ble for use at th¢ discretion of the Trust¢¢s in fie[an¢t of the 8en¢ral objIlY¢S of the charity and whi¢h have not been designaied for oih¢r purpos¢s. Ratricted funds funds which 8T¢ io be used in aCd8Ce with spe¢ifi¢ restri¢tiottg imposed by donoTS or whie.h h#v h. fAigP41 hy ihe. c.h))rity for particular Purposes. The costs of raisin8 and athninisiering sh funds are ¢har8ed 080inst th¢ specific bJnd. The aim and use of ea¢h restricied fimd is $¢1 out in the notes io the financial st8tcmeDt IJ ReAtrl¢ted Funds Re3tri¢ted funds represent income re¢¢iv¢d for specific putposes as d¢terniined by donors. Dwing the year the cbgrity r¢c¢iv¢d a restricted donation of £3.IXIO from Bethel Gospel Chuwh, which ceased operating os 8 ¢harity during the yur. Th¢ fvnds are held as reslTiCd and will be appli¢d in IoIdInCe with the donofs wishes. At 31 Oclob¢r 2025, the chariry h¢ld total restricted funds of £95,755 (2024: £92.755). 1.4 Ineomln8 reioiirt All incorning resouTS ar¢ included in the Ststsmmt of financial aciiviiies wh¢n th¢ charity has entiilemenl to the fimds, ¢¢illty of receipt and the amount wi be m¢osur¢d with suffi¢ient reliability. Don8ted serlices or facilities. which comprise don•ted services. are included in income al a valuation which is an estimate of th¢ financial cost borne by the donor where such a cost is qu8ntifiable and Measurable. No income is recognised where there is no fingn¢ig1 cost borne by 4 third party. tneome tax Tecoverable in relation to donations received und¢r Gift Aid or deeds of covenant is reco8nised at the time of the donation. 1.5 RuDur¢# expended Expujditure t5 accounied for on an accTrlS basis And has b¢ett included under expens¢ ¢ategories that a88re8at¢ all costs for allocation lo aclivities. Where costs cannot be directly 8ttribut¢d to particular activities. they have been allocaied on a basis consislenl with th¢ use of the resou. 121Pa8e
NOTES TO THE FINANCIAL ATEMENT FOR THE YEAR ENDED 31 00BR 2025 Fundraisin8 costs are those incurred in seeking voluntary COntUtions and do not includ¢ the costs of disseminatin8 infom)aiion in support of the charitable activities. Support Costs are those costs incurred directly in support of expendityre OD the objects of the charity and include project manag¢ment caTried out at Headquaffcrs. Govcrnanrx costs are those in¢urTed in conne¢tion with administration of the charity and Compliance with constitytioDal $thmtOry requirements. Grants payable are clwged in the yw wh¢n the offer is made ex¢epi in rhosc ¢as¢s where the offer is condiiiona]. such grants bein8 rxo8nis¢d as ¢xpenditure when the ¢onditions attachin8 are fulfilled. Grants offered subject io conditions whAch have not been met •¢ Ihc y¢arend are noted as a commitment but not accrued as expenditure. .6 TxAtlon The clwitable funds are exanpt from [pOrntiOn lax. The charity also ¢1Ved Tental in¢ome of £16.990 during the period. This hos been treated &5 exempi from Corporaiion Tax under 8256 CTA 2010 as iDvesthieni incom¢ applied solely for charitable purposes. 1.7 Deprecltloll Depre¢i•tion has been provided ai the following rnt¢S in QTder IO Write off the assets on the reducin8 balance of ¢ach asset. L4nd & buildin8 2% Plant and machinery 10% Furniture & fittings 2IyA Musical equipment 2 131paBe
NOTES TO THE FINANCIAL STATEMENr FOR THE YEAR ENDED 31 OCTOBER 2025 2. TANGIBLE FIXED ET5 Computers & equlpment MuskAI equlpment Furnlture & fittlnv Totsl Cost At l November 2024 26.783 19,325 47,300 Addilions Ai 31 October 2025 26.783 19,325 47,300 DepredAilon Al l Nv¥¥iilL 2024 1,152 .740 16,447 576 41.345 ChArge for the year Ai 31 O¢tober 2025 607 1.187 1.156 17.023 42.532 Nee book At 31 Ociober 2025 Ai 31 O¢lob¢r 2024 36 40 2.430 3,037 2,878 5.955 3. DEBTORS 2025 2•24 Trade Debtor8 Oiber Debtors sis 383 798 Other debtots relate to welfare supportloons ma(k to b¢o¢fi¢iaries dutin8 the year. The balan¢¢ of £6.798 (2024: £898) represents 8mounts outstanding at th¢ year eniL Movements during the year were as follows.. op¢ninB balance £898. loans advanced £8,S(K). r¢pgym¢nts rettived £2.600. closing balance £6,798. 4. CREDITORS 2025 2024 Other Creditors Other creditors of £1528 r¢pr&8ents amounts accrued but not yet paid at th¢ y¢ar end. 141page
NOTLS TO THE FINANCIAL STATEME FOR THE YEAR EIWED 31 ocfoBER 2025 Unre¥trleted Rdtrkted Total Fundi At l November 2024 82.964 92,755 175,719 N¢1 Movement in 8.764 11,764 At 31 (ktfjbtr 202S 187 483 6. PRIOR YEAR ADJUSTMENT The cash al bank And in hand balance reported in th¢ 2024 financial stst¢rnents was overst8led by £5,032. The opening fund balww as at l Novemkn 2024 have be¢n restlted accordtngly. The effe of this resthtement is os follows: 2024 reported AdJu$tmui 2025 Res¢*ted Cash at bank and in h8nd 174.298 Net assets 180,751 Fund bolgnces it l NoVnber 2024 180.751 (5.032) (5,032) {5.032) 169.266 175.719 175,719 1SIPage
NOTES TO THE FINANCIAL STATEME FOR THE YEAR ENDED 31 ocfoBER 2025 7. DETAILED INCOME AND EXPENDmiRE AccoiJNf FOR THE YEAR ENDED 31 ooBER 2025 2•25 2025 2(125 2024 Total Unr¢strkted Restrltted Total fnd 7.1 If¥coMINfj RESOURCLS Tithes. offerin8 And thanksgiving Oth¢r DonatioAq Gift Aid Rental Ineome Bank irtterest received Totxl l#e•mlng Rew¥re 73.6(Kl 539 9.709 16.990 1,061 101.905 73.61KI 3.540 9,709 16,990 1,067 104.905 64,CQ7 6.979 23,212 720 94.918 7.2 Support ewts •f ID lur¢her•Tr¢¢ of the Charlty'i objects: Honor4riwn Domiiotts & W¢lfgr¢ Purchases Children. youth Harves¢ Events Printin8, post8 & sth¢ioo¢ry Other dir¢¢t eos¢s Charity & donalions EVangeliV0Utr¢1eh MtrialS Ev8n8elism & Miuion Allnivers & Ev¢nty Supplies Member5, welfare and trnining 3.350 4.563 3.350 4.563 6.350 2.357 7.396 701 2,452 2,132 2.048 2,432 2,132 2,048 soo 3,018 5.672 408 3.968 5,432 50 5,432 50 24J•3 24,903 IS,494 7J Mmynent Admthlstrxtlon of Ch•rSty: Reni of chUb hau Bank ¢har8ei Subscription & Du Commission & Fees TraiiJiDg & sfmiw INurdnce Li8ht & heat Utilities 36.574 21 2.036 250 837 512 8,578 312 36.574 21 2.036 250 837 512 8.578 312 41.072 550 169 486 4224 161Page
Hall hire 5.227 NOTES TO THE FINANCIAL STATEMENr FOR THE YEAR ENDED 31 OCTOBER 2025 5,227 l J26 7J M*n4gement #nd Admln151radon of Charlty (Continu) 2025 2025 2025 2024 Unrestrfcted Re¥trltttd To¢AI fund Total fund Repairs & mainlenance Advertising & publicity Sundry expen5¢S A¢countsncy fees D¢pr¢¢i8tion charge 7,542 1.508 1.742 1.912 1,187 68238 7.542 1.508 1.742 1.912 1.187 68,238 1.136 1,217 3.405 500 2,971 57.056 171pa8e