WINNERS KINGDOM INTERNATIONAL CHRISTIAN CENTRE
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
Charity Number: 1109678

WINNERS KINGDOM INTERNATIONAL CHRISTIAN CENTRE
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
CONTENT
Page
Statutory Information
Report of the Trustees
Report of the Accountants
Statement of Financial Activities
Balance Sheet
Notes to the accounts
7-10
This does not form part of the statutory accounts
Income and Expenditure Account
11
Charity Number: 1109678

WINNERS KINGDOM INTERNATIONAL CHRISTIAN CENTRE
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
STATUTORY INFORMATION
Principal Address:
The Land of Grace
657 Green Lanes
Haringey
London
N8 OQY
Registered Number:
1109678
Accountants:
Alani Idowu & Co
51 Beechwood Road
Oldham
OL8 2NJ
Bankers:
HSBC Bank
160 Clapton Common
Stampford Hill
London
E5 9AH
Clydesdale Bank
35 Regent Street
London
SWIY 4ND
Charity Number: 1109678

WXIINERS KINGDOM INfeRNATIONAL CHRISTIAN CENTRE
REPORT AND FINANCIAL STATEMENTS
FOR ThE YEAR ENOEO 31 JULY 2024
REPORT OP THE TRVSTEES
Tru•t•••
OmodÈle Olawanle(Ch3irman)
Blmbo Olawanle
Olablsl Oladlmejl (Secrètary)
Majek Kuyoro
Trust••*' R••pon•lbllltl•• In R•l•tlon to th• Fln•nd•l St•t•m•nts
Law appllcable to charltles In England èt)d Wales rtqulres the trustees to prepare
Anardal Sttstements for eath flnaThdal year, whlch olve a true and falr vlew of the
Charlty¥ flnandal artfvltles durlfto the year and d Its flnandal posltlon at the end of
the year. In preparlno those ftnaftdal statements, the trustées arn rnqulred to:
l. sdect sultable a(xountlng polldes and then apply them conslstentlyi
2. make Jud9emonts and estlmJtes that are rèasonable and prudent;
3. stste wether appll¢able accountlng standards and ststements of recommended
prnctlce have been followed subjert to any departure dlsclosed and explalned In
thé flMThdal statemeftts. and
4. prepare the flnandal statéments on the oolng concern basls unless It Is
InappropAate to presumÈ that the tharlty wlll contlnue In buslness.
The trustees are responslble for keeplno accountlno records whlch dlsclose wlth
reasonable accuraw at any tlme the flnandal ptssltlon of the charfty and enable them
to ensure thet the flnancial statements comply wlth the Charltles Art 1993. They are
also responslble for safrfuardlng the awts of the dwrlty aftd hence for tsklng
reasonable steps for the preventlon and detentlon of fraud and other Irregularltles.
Olablsl 01
Imejl
(Settetary)
Omodele Olawa
(Chalrnian)
Dated: 26Th Aprfl 2025
Charlty Number: 1109678

WINNERS KINGDOM INTERNATIONAL CHRISTIAN CENTRE
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
INDEPENDENT ACCOUNTANTS REPORT
We have prepared the financial statements of Winners Kingdom International Christain
Centre for the period ended 31 July 2023 which comprise the Statement of Financial
Activities, Balance Sheet and the related notes set out on pages 7 to g. These
financial statements have been prepared uunder the historic cost convention and the
accounting policies set out on page 7.
This report is made solely for the trustees in accordance with Section 44 Charities Act
1993. Our accounting work has been undertaken so that we might state to the Trustees
those matters we are required to state to them in our accountants, report and for no
other purposes. To the fullest extent permitted by law, we do not accept or assume
responsibility to anyone other than the Trustees of the Association, for our accounting
work, for this report, or for the oipnion we have formed.
Respective Responsibilities of Trustees and Accountants
The trustees, responsibilities for preparing the Trustees, Annual Report and the financial
statements in accordance with applicable law and United Kingdom Accounting Standards
are set out in the Statement of Trustees, Responsibilities on page 2.
Our responsibilies is to prepare the financial statements in accordance with relevant
legal and regulatory requirements and United Kingdom Accounting Standards.
We report to the trustees our opion whether the financial statements give a true and
fair view and are prepared in accordance with the Charities Act 1993. We also report
to you if, in our opinion, the Trustees, Annual Report is not consistent with the financial
statements, if the charity has not kept proper accounting records, or if we have not
received all the information and explanations we require for the preparation of the
financial statements.
We read the information contained in the Trustees, Annual Report and consider whether
it is consistent with the financial statements. We consider the implication for our report
if we become aware of any apparent misstatements or material inconsistencies with
the financial statements. Our responsibilities do not extend to any other information.
Basis of opinion
We have prepared the financial statements with the United Kingdon Accounting
Standards issued by the Accounting Standards Board. The preparation include exam-
ination, on a test basis, of evidence relevant to the amounts and disclosures in the
financial statements. It also includes an assessment of the significant estimates and
judgements made by the trustees in the preparation of the financial statements, and
of whether the accounting policies are appropriate to the charity's circumstances,
consistently applied and adequately disclosed.
Charity Number: 1109678

WINNERS KINGDOM INTERNATIONAL CHRISTIAN CENTRE
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
INDEPENDENT ACCOUNTANTS REPORT
Basis of opinion (continued)
We planned and performed our preparation so as to obtain all information and expla-
nations which we considered necessary in order to provide us with sufficient evidence
to give reasonable assurance as to whether the financial statements are free from
material misstatement, whether caused by fraud or other irregularity or error. In form-
ing our opinion, we also evaluate the overall adequacy of the presentation of informa-
tion in the financial statements.
Unqualified opinion
In our opinion, the financial statements give a true and fair view of the state of affairs
of the charity as at 31 July, 2024 and of its incoming resources and application of
resources for the period then ended and have been properly prepared in accordance
with the Charitues Act 1993.
Alani Idowu & Co
51 Beechwood Road
Oldham
OL8 2NJ
Dated: 26th April 2024
Charity Number: 1109678

WINNERS KINGDOM INTERNATIONAL CHRISTIAN CENTRE
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Funds
Unrestricted
Funds
2024
2023
Note
Incoming Resources
Activities in furtherance
of the charity's objects
104,582
88,940
Investment Income
Total Incoming Resources
104,582
88,940
Resources Expended
Cost of generating funds
31,490
37,750
Management and Administration
66,586
82,186
Total Resources Expended
98,076
119,936
Net incoming resources before
other recognised gains and losses
6,506
(30,996)
Other recognised gains and losses
Net movement in funds for the year
6,506
(30,996)
Balance Brought Forward
52,391
83,387
Total funds as at 31 July 2023
58,897
52,391
All activities relate to continuing operations.
Charity Number: 1109678

WINNERS KING￿N INTERNATIONAL CHRxsfiAN CENTRE
REPORT FIN
CIAL STATEMENTS
FOR THE YE￿ ENDED 31)ULY 2024
ALANCE
HEEr
AS AT 31 JULY 2024
2024
2023
Not4
Hx•d A•••ts:
Tanglble FIX￿ Assets
1,040,689
1,047,651
Currnnt A6x•ts
Recelvable
Balance at bank a
In hand
41,857
41,857
31,8S7
31,857
Cur•nt Ll•bllltl
Credltors:
Amount fallln9 due wlthln l ye
S33
4.001
Il•t Curr•nt AsMt•
41,3
27,8S6
Cr•dltorn
Amount due more than l ye
Curr•nt Ll•blllUo•
1075
Represented by:
G•n•r•l Funds
Unr&%trScted Funds
10
71O54
65,348
11
1,010,159
1,010,159
1084013
1075 507
Approved by the trustees on 25th of May 2024 and slgned on Its behalf by;
01 blsl 01
Imeji
(Secretary)
Omodele Olawanle
(Chalrman)
Charlty Number: 1109678

WINNERS KINGDOM INTERNATIONAL CHRISTIAN CENTRE
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
NOTES FORMING PART OF THE FINANCIAL STATEMENTS
l. Principal Accountiong Policies
a. Accounting Convention
The financial statements are prepared under the historic cost convention. In
preparing the financial statements, the charity follows the best practice as
laid down in the Statement of Recommended Practice "Accounting and Repo-
rting by Charities" (SORP 2000) issued in October 2000.
To comply fully with The Statement of Recommerided Practice, would require
investments to be accounted for at valuation. The trustees are of the
opinion that since the investments are held for the long term, it would be
inappropriate to account for unrealised gains and losses for the period.
Therefore investments have been accounted for at historical cost. This is the
only exception to compliance with The Statement of Recommended Practice.
The market value of the investments is disclosed.
b. Income from members is credited to the income in the year in which it is
receivable by the Association. All other income is credited to income in the
year in which it is received on a cash basis.
c. Donations to other charities are charged in the year when the offer is
conveyed to the recipients except in those cases where the offer is conditi-
oning, such as donations or grants being recognised as expenditure when the
conditions attached are fulfilled.
d. Unrestricted funds are general funds which are available for use at the disc-
rection of the trustees in furtherance of the general objectives of the Asso-
ciation and which have not been designated for other purposes.
e. Tangible Fixed Assets
The tangible assets are stated at cost less depreciation. The general policy
is to provide depreciation on fixed assets on a reducing balance method over
their estimated useful lives. No depreciation is charged in the year in which
the assets are sold or scrapped.
Tangible fixed assets are depreciated at rates appropriate to the assets
concerned.
Freeghold Property
Improvements to Property
Equipments
Furniture and Fixtures
00/0
25%
25%
200/0
Charity Number: 1109678

WINNERS KINGDOM INTERNATIONAL CHRISTIAN CENTRE
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
NOTES FORMING PART OF THE FINANCIAL STATEMENTS (continued)
2. Incoming Resources -
Activities in furtherance of charity's objects
2024
2023
Tithes and Offerings
Building Fund
69,070
6,200
75,270
29,312
104,582
81,438
7,502
88,940
Gift Aid
88,940
3. Investment Income
2024
2023
Interest received on bank deposit account
4. Cost of Generating Incoming Resources
2024
2023
Outreach events
Publicity and Radio Ministry
Love offerings
Donations to other charities
2,550
9,130
9,008
10,802
2,511
9,036
9,191
17,012
31,490
37,750
5. Management and Administration
2024
2023
Rates
Professional and Consultancy Fees
Training and Educational Resources
Travelling and Accomodation
Office Consumables
Telephone, Fax and Internet
Building Maintenance and Repairs
Insurance
Utilities
Advert/Miscellaneous
Hounourarium
Entertainment
Accountancy and Bookkeeping
Bank charges
Depreciation charged
Transfer to Restricted Fund
1,260
20,000
8,779
3,403
4,411
14,424
4,055
5,638
2,400
3,385
4,789
8,886
1,419
3,330
11,203
4,813
6,109
5,149
3,600
12,151
2,750
214
6,962
443
9,199
66,586
82,186
Charity Number: 1109678

WINNERS KINGDOM INTERNATIONAL CHRISTIAN CENTRE
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
NOTES FORMING PART OF THE FINANCIAL STATEMENTS (continued)
6. Tangible Fixed Assets
Freehold
Furniture
Pro
ert
ment
& Fixtures
Total
Cost
Brought Forward
Additions
1,018,790 136,539
56,914
1,212,243
Carried forward
1,018,790 136,539
56,914
1,212,243
Depreciation
Brought Forward
Provided during the year
112,736
5,951
51,856
1,012
164,592
6,962
Carried forward
118,687
52,868
171,554
Net Book Vale
At 31 July 2024
1,018,790
17,852
4,046
1,040,689
At 31 July 2023
1,018,790
42,317
7,902
1,047,651
7. Receivable
Amount falling due within l year
2024
2023
Gift Aid Receivable
Sundry Debtors
Prepayments
8. Payables
Amount falling due within l year
2024
2023
Mortgage Loan
Interest accrued on Mortgage
Sundry Creditors
Accrued Charges
9. Creditors
Amount falling due after more than l year
2024
2023
Mortgage/Other Loan
Charity Number: 1109678

WINNERS KINGDOM INTERNATIONAL CHRISTIAN CENTRE
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
NOTES FORMING PART OF THE FINANCIAL STATEMENTS (continued)
10. General Funds
2024
2023
Balance Brought Forward
65,348
96,344
Net movement in Funds for the year
6,506
(30,996)
Balance Carried Forward
71,854
65,348
11. Restricted Funds
2024
2023
This represents amount provided and
set aside for specific purpose.
Members fund invested in the property
Refurbishment/lmprovement to Property
1,010,159
1,010,159
1,010,159
1,010,159
10
Charity Number: 1109678

WINNERS KINGDOM INTERNATIONAL CHRISTIAN CENTRE
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
STATEMENT OF FINANCIAL ACTIVITIES
2024
2023
Incoming Resources
Tithes and Offerings
Building Fund
69,070
6,200
75,270
29,312
104,582
81,438
7,502
88,940
Gifts Aid Receivable
88,940
Interest Received
104,582
88,940
Resource Expended
Cost of generating funds
Outreach events
Publicity and Radio Ministry
Love offerings
Donations to good causes
2,550
9,130
9,008
10,802
2,511
9,036
9,191
17,012
31,490
37,750
Management and Administration
Rates
Professional and Consultancy Fees
Training and Educational Resources
Travelling and Accomodation
Office Consumables
Telephone, Fax and Internet
Building Maintenance and Repairs
Insurance
Utilities
Advert/Miscellaneous
Hounourarium
Entertainment
Accountancy and Bookkeeping
Bank charges
Depreciation charged
1,260
20,000
8,779
3,403
4,411
14,424
4,055
5,638
2,400
3,385
4,789
8,886
1,419
3,330
11,203
4,813
6,109
5,149
3,600
####
2,750
214
6,962
443
9,199
66,586
82,186
Total Resource Expended
98,076
119,936
Excess of Incoming Resources
Over Resource Expended
6,506
(30,996)
11
Charity Number: 1109678