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← The Word House Christian Ministries

2025-06-30-accounts

The Word House Christian Ministries

Charity No. 1114594

Trustees' Report and Unaudited Accounts For the year ended 30 June 2025

B M Cooper & Co. Limited Chartered Certified Accountants

88 Wood Lane

Dagenham Essex RM9 5SL

The Word House Christian Ministries Contents

Pages
Trustees' Annual Report 2 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Accounts 7 to 14
Detailed Statement of Financial Activities 15 to 16

Page 1

The Word House Christian Ministries Trustees Annual Report

RockChurch Kent

The Trustees present their report with the unaudited financial statements of the charity for the year ended 30 June 2025.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1114594

Principal Office

336 - 338 High Street Rochester Kent ME1 1BT

Trustees

The following Trustees served during the year: Beatrice Oluwatayo Dereen Edema Ishola Familusi

Accountants

B M Cooper & Co. Limited 88 Wood Lane Dagenham Essex RM9 5SL

Bankers

Barclays Bank Plc.

OBJECTIVES AND ACTIVITIES

The charity's objectives are:

(a) To advance Christian faith in accordance with the statement of beliefs in Medway, Kent and in such other parts of the United Kingdom and the worlds as the Trustees may from time to time think fit and other such purposes which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of the charity.

(b) To relieve persons who are in condition of need or hardship or who are aged or sick and to relieve the distress caused thereby in such parts on Medway, Kent, the United Kingdom and the world as the Trustees may from time to time think fit.

(c) To advance education on the basis of Christian principles in Medway, Kent the United Kingdom and the world as the Trustees may from time to time think fit.

The church is grateful for the effort of its volunteers who are involved in providing various services to assist the church in achieving its aims and objectives.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

ACHIEVEMENTS AND PERFORMANCE

The above objectives were achieved through provision of local Christian outreach programmes and conferences.

Page 2

The Word House Christian Ministries Trustees Annual Report

FINANCIAL REVIEW

The total incoming resources for the year amounted to £158,390 (2024 - £150,791) and the total resources expended amounted to £147,127 (2024 - £146,978) leaving net surplus for the year of £11,263 (2024 - £3,813). The balance of fund as at 30 June 2025 was a deficit of £3,441 (2024 - £14,704 deficit).

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 and 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 was not maintained throughout the year.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

PLANS FOR FUTURE PERIODS

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The charity was established by a charitable trust deed dated 28th April 2006, and it is a registered charity.

Trustees are selected from long standing members of the congregation and people from outside of the church who are familiar with and have an empathy with the Church's objectives. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

Statement of trustees' responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed on behalf of the charity's trustees

..................................................... Ishola Familusi Trustee 11 April 2026

Page 3

The Word House Christian Ministries Independent Examiners Report

Independent Examiner's Report to the trustees of The Word House Christian Ministries

I report to the trustees on my examination of the accounts of The Word House Christian Ministries for the year ended 30 June 2025 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011('the Act'). The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed.

I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

........................................

Mr. B. M. Kalejaiye FCCA ACCA B M Cooper & Co. Limited 88 Wood Lane

Dagenham Essex RM9 5SL

11 April 2026

Page 4

The Word House Christian Ministries Statement of Financial Activities For the year ended 30 June 2025

Notes
Income and endowments
from:
Donations and legacies
3
Other
4
Total
Expenditure on:
Charitable activities
5
Other
6
Total
Net gains on investments
Net income
7
Transfers between funds
Net income before other
gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2025
£
123,145
35,245		 Total funds
2025
£
123,145
35,245		 Total funds
2024
£
122,496
28,295
158,390
19,877
127,250		 158,390
19,877
127,250		 150,791
32,248
114,730
147,127
-		 147,127
-		 146,978
-
11,263
-		 11,263
-		 3,813
-
11,263 11,263 3,813
11,263
(14,704)		 11,263
(14,704)		 3,813
(18,517)
(3,441) (3,441) (14,704)

Page 5

The Word House Christian Ministries Balance Sheet At 30 June 2025

Charity No. 1114594
Fixed assets
Tangible assets
9
Current assets
Cash at bank and in hand
Creditors:Amount falling due within one year
10
Net current liabilities
Total assets less current liabilities
Creditors:Amounts falling due after more than one year
11
Net liabilities excluding pension asset or liability
Total net liabilities
The funds of the charity
Restricted funds
12
Unrestricted funds
12
General funds
Reserves
12
Total funds
Approved by the trustees on 11 April 2026		 2025
£
7,468
7,468
11,730
11,730
(16,106)
(4,376)
3,092
(6,533)
(3,441)
(3,441)
(3,441)
(3,441)
(3,441)		 2024
£
9,956
9,956
4,444
4,444
(16,971)
(12,527)
(2,571)
(12,133)
(14,704)
(14,704)
(14,704)
(14,704)
(14,704)

And signed on their behalf by:

...................................................

Ishola Familusi Trustee 11 April 2026

Page 6

The Word House Christian Ministries Notes to the Accounts For the year ended 30 June 2025

Basis of preparation

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Income
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity
income becomes entitled to, and virtually certain to receive, the income and the amount of
the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is
expenditure reported gross in the SoFA.
Donations and Voluntary income received by way of grants, donations and gifts is included in the
legacies the SoFA when receivable and only when the Charity has unconditional
entitlement to the income.
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the
donations and gifts gift/donation to which it relates.
Donated services These are only included in income (with an equivalent amount in expenditure)
and facilities where the benefit to the Charity is reasonably quantifiable, measurable and
material.
Volunteer help The value of any volunteer help received is not included in the accounts.
Investment income This is included in the accounts when receivable.
Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value
revaluation of fixed at the end of the year.
assets
Gains/(losses) on This includes any gain or loss on the sale of investments.
investment assets

Page 7

The Word House Christian Ministries Notes to the Accounts Expenditure

Taxation

The charity is exempt from tax on its charitable activities.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

useful life:
Motor vehicles 25% written down value
Fixtures, fittings &
equipment		 25% written down value

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Page 8

The Word House Christian Ministries

Notes to the Accounts Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

Page 9

The Word House Christian Ministries

Notes to the Accounts 2 Statement of Financial Activities - prior year

2
Statement of Financial Activities - prior year
Income and endowments from:
Donations and legacies
Other
Total
Expenditure on:
Charitable activities
Other
Total
Net income
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
3
Income from donations and legacies
Tithes and offerings
4
Other income
Bank interest receivable
Gift aid reclaims
Other operating income		 Unrestricted
£
123,145
123,145
Unrestricted
£
34
25,871
9,340
35,245		 Unrestricted
funds
2024
£
122,496
28,295
150,791
32,248
114,730
146,978
3,813
3,813
3,813
(18,517)
(14,704)
Total
2025
£
123,145
123,145
Total
2025
£
34
25,871
9,340
35,245		 Total funds
2024
£
122,496
28,295
150,791
32,248
114,730
146,978
3,813
3,813
3,813
(18,517)
(14,704)
Total
2024
£
122,496
122,496
Total
2024
£
8
27,177
1,110
28,295

Page 10

The Word House Christian Ministries

Notes to the Accounts

5 Expenditure on charitable activities

Expenditure on charitable
activities
Honoraria and gift to
missions
Evangelism
Books and tapes
Foodbank welfare
Governance costs
Accountancy
Legal and professional
expenses
6
Other expenditure
Employee costs
Motor and travel costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
7
Net income before transfers
This is stated after charging:
Depreciation of owned fixed assets
8
Staff costs
Salaries and wages
Pension costs		 Unrestricted
£
-
10,810
52
4,513
1,320
3,182
19,877
Unrestricted
£
48,371
10,723
42,735
2,488
22,933
127,250
2025
£
2,488
43,000
1,103
44,103		 Total
2025
£
-
10,810
52
4,513
1,320
3,182
19,877
Total
2025
£
48,371
10,723
42,735
2,488
22,933
127,250		 Total
2024
£
17,840
5,286
1,262
3,456
1,320
3,084
32,248
Total
2024
£
43,428
8,053
36,316
3,319
23,614
114,730
2024
£
3,319
39,198
1,103
40,301

No employee received emoluments in excess of £60,000.

Page 11

9 Tangible fixed assets

The Word House Christian Ministries Notes to the Accounts

9
Tangible fixed assets
Cost or revaluation
At 1 July 2024
At 30 June 2025
Depreciation and
impairment
At 1 July 2024
Depreciation charge for the
year
At 30 June 2025
Net book values
At 30 June 2025
At 30 June 2024
10 Creditors:
amounts falling due within one year
Other taxes and social security
Other creditors
Accruals and deferred income		 Motor
vehicles		 Fixtures,
fittings &
equipment
£
24,812
24,812
22,233
644
22,877
1,935
2,579		 Total
£
58,042
£
33,230
33,230
25,853
1,844
27,697
5,533
7,377
2025
£
14,750
-
1,356
16,106
58,042
48,086
2,488
50,574
7,468
9,956
2024
£
15,293
214
1,464
16,971
11 Creditors:
amounts falling due after more than one year
Bank loans and overdrafts		 2025
£
6,533
6,533		 2024
£
12,133
12,133

Page 12

The Word House Christian Ministries Notes to the Accounts 12 Movement in funds

Restricted funds:
Unrestricted funds:
General funds
Revaluation Reserves:
Total funds
13 Analysis of net assets between funds
Fixed assets
Net current assets
Creditors due in more than one year and
provisions
14 Reconciliation of net debt
Cash and cash equivalents		 At 1 July
2024
(14,704)
(14,704)		 Incoming
resources
(including
other
gains/losses
)
£
158,390
158,390
At 1 July
2024
£		 Resources
expended
£
(147,127)
(147,127)
Unrestricted
funds
£
7,468
(4,376)
(6,533)
(3,441)
Cash flows
£		 At 30 June
2025
£
(3,441)
(3,441)
Total
£
7,468
(4,376)
(6,533)
(3,441)
At 30 June
2025
£
4,444 7,286 11,730
4,444
(12,133)		 7,286 11,730
(6,533)
Bank loans 5,600
Net debt (12,133)
(7,689)		 5,600
12,886		 (6,533)
5,197

Page 13

The Word House Christian Ministries Notes to the Accounts 15 Commitments

Operating lease commitments

Annual commitments under non-cancellable operating leases are as follows:

2025 2025 2024 2024
Land and
buildings		 Other Land and
buildings		 Other
£ £ £ £
Operating leases with expiry date:
Pension commitments
2025 2024
£ £
The pension cost charge to the charity
amounted to: 1,103 1,103

Page 14

The Word House Christian Ministries Statement of Cash flows for the year ended 30 June 2025

Cash flows from operating activities
Net income per Statement of Financial Activities
Adjustments for:
Depreciation of property, plant and equipment
Dividends, interest and rents from investments
(Decrease)/Increase in trade and other payables
Net cash used in operating activities
Cash flows from investing activities
Dividends, interest and rents from investments
Net cash from investing activities
Cash flows from financing activities
Repayment of borrowings
Net cash used in financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2025
£
11,263
2,488
(35,245)
(865)
(22,359)
35,245
35,245
(5,600)
(5,600)
7,286
4,444
11,730		 2024
£
3,813
3,319
(28,295)
1,483
(19,680)
28,295
28,295
(5,808)
(5,808)
2,807
1,637
4,444
Components of cash and cash equivalents
Cash and bank balances 11,730 4,444
11,730 4,444

Page 15

The Word House Christian Ministries Detailed Statement of Financial Activities For the year ended 30 June 2025

Income and endowments from:
Donations and legacies
Tithes and offerings
Other
Bank interest receivable
Gift aid reclaims
Other operating income
Total income and endowments
Expenditure on:
Charitable activities
Honoraria and gift to missions
Evangelism
Books and tapes
Foodbank welfare
Governance costs
Accountancy
Legal and professional expenses
Total of expenditure on charitable
activities
Employee costs
Salaries/wages
Pension costs
Temporary staff
Motor and travel costs
Vehicles - General costs
Premises costs
Rent
Light, heat and power
Premises repairs and
maintenance		 Unrestricted
funds
2025
£
123,145
123,145
34
25,871
9,340
35,245
158,390
-
10,810
52
4,513
15,375
1,320
3,182
4,502
19,877
43,000
1,103
4,268
48,371
10,723
10,723
28,656
6,851
7,228
42,735		 Total funds
2025
£
123,145
123,145
34
25,871
9,340
35,245
158,390
-
10,810
52
4,513
15,375
1,320
3,182
4,502
19,877
43,000
1,103
4,268
48,371
10,723
10,723
28,656
6,851
7,228
42,735		 Total funds
2024
£
122,496
122,496
8
27,177
1,110
28,295
150,791
17,840
5,286
1,262
3,456
27,844
1,320
3,084
4,404
32,248
39,198
1,103
3,127
43,428
8,053
8,053
26,917
4,179
5,220
36,316

Page 16

The Word House Christian Ministries

Detailed Statement of Financial Activities

General administrative costs,

including depreciation and
amortisation
Depreciation of Motor vehicles
Depreciation of Fixtures, fittings
& equipment
Bank charges
Exchange rate (gain)/loss
General insurances
Information and publications
Software, IT support and related
costs
Stationery and printing
Subscriptions
Sundry expenses
Telephone, fax and broadband
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net income
Net income before other
gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 1,844
644
909
4,417
6,431
-
231
8,213
239
1,128
1,365
25,421
127,250
147,127
-
11,263
11,263
-
11,263
(14,704)
(3,441)		 1,844
644
909
4,417
6,431
-
231
8,213
239
1,128
1,365
25,421
127,250
147,127
-
11,263
11,263
-
11,263
(14,704)
(3,441)		 2,459
860
903
3,080
2,791
4,402
204
6,328
229
1,653
4,024
26,933
114,730
146,978
-
3,813
3,813
-
3,813
(18,517)
(14,704)

Page 17