WINNERS KINGDOM INTERNATIONAL CHRISTIAN CENTRE REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 Charity Number-. 1109678 WINNERS ICINGDOM INTERNATIONAL CHRISTIAN CENTRE REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 CONTENT Page statutory Informatlon Report of the Trustees Report of the Accountsnts ststement of Financial Actlvities Balan￿ Sheet Notes to the accounts 7-10 This does not form part of the statutory accounts Income and ExpendSture Account li Charity Nurnber.. 1109678 WINNERS KINGDOM INTERNATIONAL CHRISTIAN CENTRE REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 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: H58C Bank 160 Clapton Common stampford Hill London E5 9AH Clydesdale Bank 35 Regent street London SWIY 4ND Charity Number: 1109678 WltyhlERS KINGDOM INTERNAYIONAL CHRISTIAN CENTRE REPORT AND FINANCJAL STATEMENTS FOR TFtE YEAR ENDED 31 JULY 2025 REPORT OF THE TRUSTEES Trustees Omodele Olawanlelchairmanl 8lmbo Olaw¢lTile Olabisl Oladimeji (Secretary) Majek Kuyoro Trustees. Respohsibllltles In Relation to the Finan¢lal Statements Law appllcable to charitles Iii England and Wales iequlres the trustees to prepare Financlal Stal'ements for eacli financial ye4r, whlch glve a true and fair view of the Charity's flnancial actlvities during the year and of Its financial posltion at the end of thÈ year. In preparing those financial statements, the trustees are requlred to.. i. select suitable accoLintino policies arid then app5y th@m consistentlyi 2. make ludgemonts and ostimates that are re6$0nable and prudent,. 3. state wether applicable acrountlng Standards and statements of recommende practice have been followed subject to any departure dlsclosed and explained In the financial stateinents,. and 4. prepare the finaTrclal stateineiits on the going concern basls unless It Is inappropriate to presume that the chèrity will contlnue In buslness. The trustees are responslble for keeplng accounting records wl)ich disclose wlth reasonable accuracy at any time the finantial posltion of the charity and enable them to ensure thet the flnancial statements comply with the Charitles Act 1993. They are also responslble for 5afeguèrding the assets of the charity and hence for taking reasonable steps for the preventlon and detentlon of fraud and other irregularities. Olabisi Oladi (Secretary Omodele Oliiwanle Ichairmanl Dated.. 26TH Aprll 2025 Charily Number.. 1109678 WINNERS KINGDOM INTERNATIONAL CHRISTIAN CENTRE REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 INDEPENDENT ACCOUNTANTS REPORT We have prepared the financlal 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 9. These financial statements have been prepared uijnder the historic cost convention and the accounting policies set out on page 7. This report Is made solely for the trustees in accordance with Sertion 44 Charlties Act 1993. Our accoun'"in j 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 assurne 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 Responslbilities of Trustees and Accountants The trustees, responslbilities 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 Truslees, Responsibilities on page 2. Our responsibllies 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 explanatlons we requSre for the preparation of the financlal statements. We read the information contained in the Trustees, Annu81 Report and consider whether it is conslstent with the financial statements. We consider the implication for our report if we become aware of any apparent misststements or material inconsistencies with the financial statements. Our responsibilities do not extend to any other Informatlon. Basi5 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 evldence 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 2025 INDEPENDENT ACCOUNTANTS REPORT Basis of opinion {continuedl We planned and performed our preparation so as to obtain all informatlon 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 statement:; 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 Unit 6 Victory Park Industrlal Estate Manchester M35 OBG Dated.. 12th May 2026 Charlty Number.. 1109678 WINNERS KINGDOM XNTERNATIONAL CHRISTIAN CENTRE REPORT AND FINANCIAL STATENENTS FOR THE YEAR ENDED 31 JULY 2025 STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Funds Unrestricted Funds 2025 2024 Note Incoming Resources Activities in furtherance of the charity's objects 81,066 104,582 Investment Income Total Incomlng Resources 81,066 104,582 Resources Expended Cost of generating funds 32,230 31,490 Management and Administration 61,813 66,586 Total Resources Expended 98,076 Net inctsming resources before other recogniged gains and losses (12,977) 6,506 other recognbsed gains and losses Net movement in funds for the year (12,977) 6,506 Balance Brought Forward 96,399 89,893 Total funds as at 31 July 2023 83,422 All activities relate to continuing operations. Charity Number.. 1109678 wIt4NERS KINGDOM INTERNAIIONAL CHRISTIAN CENTRE RfpoRT AND FINANCJAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 BALANCE SHEET AS AT 31 JULY 202S 2025 2024 Note F5xed Asset5.' Tangible Flxed Assets 1,035,416 1,047,651 Current Assets Recelvable 8alaTr￿ at bank and In hand 49,262 41,857 49,2fj2 41,857 Curent Liabllltles Creditors.. Amount falllng due wlthin i ye 533 Net Current Assets 49,262 41,324 Crédltors Amount due more thèn l year Totsi Assets Less Current Liabiltties 1 084,678 1 088,975 Represented by.. Géneral Funds Unrestrlcted Funds io 74,519 87.496 Restrlcted Funds li 1,010,159 1.010.159 1.084 678 1,097 655 Approved by the trustees on 25th of May 2024 and signed on Its behalf by: Olabisi (Secretary) Omodele Olawanle IChalrman} Charity Number.. 1109678 WINNERS KINGDOM INTERNATIONAL CHRISTIAN CENTRE REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 NOTES FORMING PART OF THE FINANCIAL STATEMENTS l. Principal Accountlong Policie5 a. Accountlng 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 Charitles" {SORP 2000) issued in October 2000. To comply fully with The Statement of Recommended Practic would require investments to be accounted for at valuation. The trustees are of the opinior) that since the investments are held for Ihe 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 15 disclosed. b. Income from members is credited to the income in the year in which it is receivable by the Assoclation. All other income is credited to income in the year in whlch 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- oningi 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 dlsc- rectlon of the trustees in furtherance of the general objectives of the Asso- clation and which have not been designated for other purposes. e. Tanglble Fixed Assets The t3ngible 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 flxed assets are depreclated at rates appropriate to the assets concerned. Freeghold Properly Improvements to Property Equipments Furniture and Flxtures 00/0 25Wo 25¥0 20% Charity Nurnber.. 1109678 WINNERS KINGDOM INTERNAI"IONAL CHRISTIAN CENTRE REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 NOTES FORMING PART OF THE FINANCIAL STATEMENTS (continued) 2. Incoming Resources - Activities in furtherance of charity's objects 2025 2024 Tithes and Offerin95 Building Fund 64,178 2,280 66,458 69,070 6,200 75,270 29,312 104.582 Glft Aid 3. Investme11t Income 2025 2024 Interest received on bank deposlt account 4. Cost of Generating Incoming Resources 2025 2024 Outreach events Publiclty and Radio Ministry Love offerings Donations to other charities 2,835 10,585 7,552 11,258 2,550 9.130 9,008 10,802 32,230 31,490 5. Management and Administration 2025 2024 Travelling and Accomodatlon Office Consumables Telephone, Fax and Internet Bu11ding Maintenance and Repairs Insurance 18,140 2,088 3,651 8,600 4,658 650 1,820 3,592 11,516 1,610 216 5,272 8,886 1,419 3,330 11.203 4,813 6,109 5.149 3,600 12,151 2,750 214 6,962 Advertlmiscellaneous Hounourarium Entertainment Accountancy and Bookkeeping Bank charges Depreciation charged 66,586 Charity Number.. 1109678 WINNERS KINGDOM INTERNATIONAL CHRISTXAN CENTRE REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 NOTES FORMING PART OF THE FINANCIAL STATEMENTS {cotFtlnued) 6. Tangible Fixed Assets F￿ebOld Furniture & Fixture5 Cost Broughl Forward Additions 1,018,790 136,539 56,914 1,212,243 Carried fonward 1,018,790 136,539 1,212,243 Depreciation tjrought Forward Provided during the year 118,687 4,463 52,868 809 171,555 5,272 Carried forward 123,150 53,677 176,827 Net Book Vale At 3 1 July 2025 1 018 790 13,389 3,237 1.035,416 At 31 July 2024 I,OL8,790 1,040,688 7. Recelvable Arnount falling due within l year 2025 2024 Gift Aid Receivable Sundry Debtors Prepayments 8. Payables Amount falling due within l year 2025 2024 Mortgage Loan Interest accrued on Mortgage Sundry Creditors Accrued Charge5 9. Creditors Amount falllng due after more than l year 2025 2024 Mortgagelother Loan Charity Number.. 1109678 WINNERS KINGDOM fNTERNATIONAL CHRISTIAN CENTRE REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 NOTES FOIIMING PART OF THE FINANCIAL STATEMENTS Icontinuedl 10. General Funds 2025 2024 Balance Brought Forward 87,496 80,990 Net movement in Funds for the year {12,977) 6,506 Balance Carried Forward 87,496 11. Restricted Funds 2025 2024 This represents amount provided and set aside for specific purpose. Members fund invested in the property RefurbishrnenVIMprovement to Property 1,010,159 1,010,159 1 010 159 1,010,159 io Charity Number.. 1109678 WINNERS KINGDOM INTERNATIONAL CHRISTIAN CENTRE REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IULY 2025 STATEMENT OF FINANCIAL ACTIVITIES 2025 2024 Incoming Resources Tithes and Offerings Building Fund 64,178 2,280 66,458 14,608 81,066 69,070 6,200 75,270 )9,312 104,582 Gifts Aid l