## **WORD OF LIFE MINISTRIES (LONDON AND BIRMINGHAM)** **TRUSTEES’ REPORT AND UNAUDITED ACCOUNTS** **FOR THE YEAR ENDED 31 OCTOBER 2024** **Charity Registration No. 1113543** **Company Registration No. 05596808 (England and Wales)** **WORD OF LIFE MINISTRIES (LONDON AND BIRMINGHAM)** ## **CONTENTS** ## **Page No** - 2 Legal and administration information 3-5 Trustees’ report 6 Independent examiners’ report 7 Statement of financial activities 8 Balance sheet 9-12 Notes to the accounts Page 1 of 12 **WORD OF LIFE MINISTRIES (LONDON AND BIRMINGHAM)** ## **LEGAL AND ADMINISTRATION INFORMATION** ## **Directors** Vincent Mutepfe Edwin Tafadzwa Jahwi Alfred Tafadzwa Maguraushe Polite Nothando Tshuma Dr Goodwill Shana Maureen Beryl Shana ## **Secretary** Vincent Mutepfe ## **Charity number** 1113543 ## **Company number** 05596808 ## **Principal address** 124 City Road City Road London EC1V 2NX ## **Registered office** 124 City Road City Road London EC1V 2NX Page 2 of 12 **WORD OF LIFE MINISTRIES (LONDON AND BIRMINGHAM)** ## **TRUSTEES’ REPORT** ## **FOR THE YEAR ENDED 31 OCTOBER 2024** The trustees present their report and accounts for the year ended 31 October 2024. The accounts have been prepared in accordance with the accounting policies set out on note 1 to the accounts and comply with the charity’s memorandum and articles of association, the Companies Act 2006 and the Statement of Recommended Practise, “Accounting and Reporting by Charities”, issued in March 2005. ## **Structure, governance and management** The charity is a company limited by guarantee. The trustees, who are also directors for the purpose of company law, and served during the year, were: Vincent Mutepfe Edwin Tafadzwa Jahwi Alfred Tafadzwa Maguraushe Polite Nothando Tshuma Dr Goodwill Shana Maureen Beryl Shana New Trustees are appointed by the majority vote of members in general meeting. Only trustees with suitable spiritual and business experience are appointed. None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up. ## **Organisational structure** The trust is a branch of the mother church, Word of Life International Ministries, based in Zimbabwe. The trust operates two congregations, Birmingham and London, with branch leaders who act as Pastors. The trust is administered on a day to day basis by the trustees. Dr Goodwill Shana and Pastor Maureen Shana oversee the ministry. ## **Risk assessment** The trustees have assessed the major risks to which the charity is exposed, and are satisfied that the systems are in place to mitigate exposure to the major risks. ## **Objectives** The charity’s objects are to advance the Christian faith and to relieve persons who are in conditions of need and hardship. ## **TRUSTEES’ REPORT (CONTINUED)** Page 3 of 12 **WORD OF LIFE MINISTRIES (LONDON AND BIRMINGHAM)** ## **FOR THE YEAR ENDED 31 OCTOBER 2024** ## **Activities, achievement, and performance** The London and Birmingham branches of Word of Life International Ministries have continued to carry their mandate, which is, “affecting the community for Christ in every sphere”. This has been delivered through regular in-person and online church services that are open to the local community and development and training of congregants for effective ministry and leadership. For the period under review, both the London branch the Birmingham branch held in-person services. The company’s voluntary income and donations have increased significantly by £71,206 (2023: £19,726) due to the resumption of in-person meetings which resulted in increased attendance and giving as well as a third party once-off donation of £27,000. Furthermore, as noted in the prior year, an International HQ Office account was opened to receive tithes and offering from Word of Life International Ministries members that are based outside Africa and not in the UK. Expenditure increased by £72,782 (2023: £5,405) in the same period due to increased conference, premise hire and travel expenses as the church reposition itself for growth through capacity building and leadership training. ## **Public benefit** The charity believes that the principal aims as described above provide adequate disclosure that these are in accordance with the Charities Commission public benefit requirements. ## **Financial review** There was a surplus on unrestricted funds of £12,801 (2023 £14,377) for the year. ## **Reserves** It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three to six month’s expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained through the year. This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. ## **Trustees’ responsibilities in relation to the financial statements** The trustees, who are also directors of Word of Life Ministries (London and Birmingham) for the purposes of company law are responsible for preparing a trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards and applicable law (UK Generally Accepted Accounting Practice). Company law requires the trustees to prepare the financial statements for each year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources for that period. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. Page 4 of 12 **WORD OF LIFE MINISTRIES (LONDON AND BIRMINGHAM)** ## **TRUSTEES’ REPORT (CONTINUED)** ## **FOR THE YEAR ENDED 31 OCTOBER 2024** The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the company and to prevent and detect fraud and other irregularities. On behalf of the board of trustees Vincent Mutepfe Trustee Dated: 31 July 2025 Page 5 of 12 **WORD OF LIFE MINISTRIES (LONDON AND BIRMINGHAM)** ## **INDEPENDENT EXAMINER’S REPORT** ## **TO THE TRUSTEES OF WORD OF LIFE MINISTRIES (LONDON AND BIRMINGHAM)** I report on the accounts of the charity for the year ended 31 October 2024, which are set out on pages 7 to 12. ## **Respective responsibilities of the trustees and examiner** The trustees, who are also directors of Word of Life Ministries (London and Birmingham) for the purposes of company law, are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011, the 2011 Act, and that an independent examination is needed. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to: - (i) examine the accounts under section 145 of the 2011 Act; - (ii) to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and - (iii) 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 usual items or disclosures in the accounts, and seeking explanations from you as trustees concerning such matters. The procedure 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: - (a) which gives me reasonable cause to believe that in any material respect the requirements: - (i) to keep accounting records in accordance with section 386 of the Companies Act 2006; and - (ii) to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities; have not been met; or - (b) to which, in my opinion, attention should be drawn in order to enable proper understanding of the accounts to be reached. Justice Maregere CA (SA) Flat 1A St Giles Court Reading RG1 6QL Dated: 31 July 2025 Page 6 of 12 **WORD OF LIFE MINISTRIES (LONDON AND BIRMINGHAM)** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2024** |**Notes**
**Incoming resources from generated funds**
Voluntary income
**Total incoming resources**
**3**
**Resources expended**
Direct charitable expenditure
**Total resources expended**
**4**
**Net income / (expenditure) for the year/**
**Net movement in funds**
Fund balance at 1 November 2023
**Fund balance at 31 October 2024**
**11**|**2024**
2023
**£**
£
**150,485**
79,279| |---|---| ||**150,485**
79,279| ||**137,685**
64,902| ||**137,685**
64,902| ||**12,801**
14,377
**37,522**
23,145| ||**43,318**
**37,522**| The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. Page 7 of 12 **WORD OF LIFE MINISTRIES (LONDON AND BIRMINGHAM)** ## **BALANCE SHEET AS AT 31 OCTOBER 2024** ||**Notes**|**2024**|**2024**|2023|2023| |---|---|---|---|---|---| |||**£**|**£**|£|£| |**Fixed assets**|||||| |Tangible assets|**8**||**4,640**||1,698| |**Current assets**|||||| |Debtors||**3,111**||1,674|| |Cash at bank and in hand|Cash at bank and in hand|**45,562**||34,150|| |**Net current assets**||**48,673**||35,824|| |**Creditors**: amount falling due within one year||**(7,747)**||-|| |**Total current assets less current liabilities**|||**40,926**||35,824| |**Net assets less current liabilities**|||**45,566**||37,522| |**Income funds**|||||| |Unrestricted funds|**9**||**45,566**||37,522| ||||**45,566**||37,522| For the period ending 31 October 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit, since no member of the company has deposited a notice, pursuant of section 476 of the Companies Act 2006, requiring an audit of these accounts. The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of section 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company . These accounts have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006. These accounts were approved by the Board on 31 July 2025. ## **SIGNED ON BEHALF OF THE BOARD BY:** Vincent Mutepfe **Trustee** Company Registration No. 05596808 (England and Wales) Page 8 of 12 **WORD OF LIFE MINISTRIES (LONDON AND BIRMINGHAM)** ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **1. Accounting policies** ## **1.1 Basis of preparation** The financial statement have been prepared in accordance with the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities published on 16 July 2014, the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value. ## **1.2 Preparation of the accounts on a going concern basis** After making an assessment of the company’s financial position, the trustees have a reasonable expectation that the company has adequate resources to continue to meet its obligations for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements. ## **1.3 Incoming resources** Voluntary income and donations are accounted for as received by the charity. Grants are recognised in full in the Statement of Financial activities in the period in which they are receivable. All other income is recognised on a receivable basis except in so far as it is capable of financial measurement. ## **1.4 Resources expended** Resources expended are included in the Statement of Financial Activities on an accruals basis and included irrecoverable VAT. Charitable activities expenditure comprises those costs incurred by the charity in the delivery of its activities and services. Where costs cannot be directly attributable to specific activities, they have apportioned across the cost categories on a basis consistent with the use of these resources. ## **1.5 Tangible fixed assets and depreciation** Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows: Fixtures, fittings and equipment 20% on a straight line basis Motor vehicles 20% on a straight line basis Equipment costing in excess of £200 is capitalised. ## **1.6 Restricted funds** Restricted funds are subject to specific conditions by donors as to how they may be used. Page 9 of 12 **WORD OF LIFE MINISTRIES (LONDON AND BIRMINGHAM)** ## **NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023** ## **2. Funds** The charity operates a general fund to oversee the day to day operations of the charity. The London and Birmingham branches are shown as designated funds. Certain monies are raised for projects but are regarded as part of the General Activities of the trust. ## **3. Incoming resources** |**Voluntary income**
Tithes and offerings
Donations Received
Total incoming resources|**2024**
2023
**£**
£
**123,583**
**26,902**
79,279| |---|---| ||**150,485**
79,279| ## **4. Resources expended** |**Direct charitable expenditure**
Advertising and publicity
Travel, motor, and conferences expenses
Storage costs
Leadership development
Honorarium
Repairs and maintenance
Rent / Hire of premises
Depreciation
Miscellaneous
**Total resources expended**|**2024**
2023
**£**
£
**265**
459
**45,568**
29,221
**-**
2,625
**-**
6,144
**7,005**
7,005
**879**
120
**41,403**
14,675
**1,266**
588
**41,299**
4,068
**137,685**
64,902
**137,685**
64,902| |---|---| ## **5. Trustees** None of the trustees (or any persons connected with them) received any remuneration during the year. ## **6. Employees** There were no employees during the year. Page 10 of 12 **WORD OF LIFE MINISTRIES (LONDON AND BIRMINGHAM)** ## **NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024** ## **7. Related transactions** The trust comes under the umbrella of the Word of Life International Ministries Zimbabwe. Air fares and other costs are paid by the trust on behalf of the churches for oversight, strategic direction, and leadership development. ## **8. Tangible fixed assets** |**Cost**
At 1 November 2023
Additions
Disposals
**At 31 October 2024**
**Depreciation**
At 1 November 2023
Charge for the year
Disposals
**At 31 October 2024**
**Net book value**
**At 31 October 2024**
At 31 October 2023|**Fixtures,**
**fittings and**
**equipment**
**£**
14,483
4,208
-| |---|---| ||**18,691**| ||12,785
1,266
-| ||**14,051**| ||**4,640**| ||1,698| Page 11 of 12 **WORD OF LIFE MINISTRIES (LONDON AND BIRMINGHAM)** ## **NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024** ## **9. Movements in funds** The income funds of the charity include unrestricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes: |**Unrestricted funds**
London
Birmingham
International HQ Office|**Balance at 1**
**November**
**2023**
**Incoming**
**resources**
**Resources**
**expended**
**Balance as**
**31 October**
**2024**
**£**
**£**
**£**
**£**
3,863
93,710
(105,798)
(8,225)
30,327
41,451
(25,457)
46,321
3,332
26,807
(22,669)
7,470| |---|---| ||**37,522**
**161,968**
**(153,924)**
**45,566**| Page 12 of 12