THE WORD OF GOD MINISTRY
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31[st] JANUARY 2021
CHARITY NUMBER: 1126319
THE WORD OF GOD MINISTRY 194 MADDISON HOUSE 226 HIGH STREET CROYDON CR9 1DF
INDEX Page Legal & Administrative Details 1 Trustee’s Report 2-3 Independent Examiner’s Report 4 Statement of Financial Activities 5 Balance Sheet 6 Notes on the financial Statements 7 - 11
THE WORD OF GOD MINISTRY
LEGAL & ADMINISTRATIVE DETAILS YEAR ENDED 31[ST] JANUARY 2021
ADDRESS FOR CORRESPONDENCE
194 MADDISON AVENUE 226 HIGH STREET CROYDON CR9 1DF
REGISTERED CHARITY NUMBER 1126319
GOVERNING DOCUMENT MEMORANDUM AND ARTICLES OF ASSOCIATION 4[th] MARCH 2002 REVISED 11[TH] OCTOBER 2008
TRUSTEES/ DIRECTORS
Mr ERNEST ADISI Mr FRANK AKWASI ANTWI
PRINCIPAL BANKERS
BARCLAYS BANK
1 NORTH END CROYDON CR9 1SX
INDEPENDENT EXAMINER
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THE WORD OF GOD MINISTRY
TRUSTEES’ REPORT YEAR ENDED 31[ST] JANUARY 2021
The trustees are pleased to present their report for the year ended 31[st] January 2021 for the charity, The Word of God Ministry with charity number 1126319.
The Trustees of the charity are: Mr Ernest A Adisi
Mr Akwasi Frank Antwi
The principal address of the charity is : 194 Maddison house 226 High Street Croydon CR9 1DF
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity governing document is a Memorandum and Articles of Association that was incorporated 4[th] June 2002 and revised 11[th] October 2008.The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.
OBJECTIVES AND ACTIVITIES
The Objects of the organisation are first to propagate the Christian gospel, to relieve, poverty, sickness and distress of those in Great Britain and in under privileged countries as the trustees may think fit from time to time and to advance education. The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.
ACHIEVMENTS AND PERFORMANCE
The Organisation continues to hold successful meetings through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. The organisation held a Christian retreat event and various teaching programs during the year in which individuals came from all around the community to attend. This has produced good results in reaching and helping members of the community. The organisation also has an office that it uses during the week for counselling, prayer support and administrative functions. The organisation is also involved in a project of building a branch church in Ghana.
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FINANCIAL REVIEW
The income of the charity is above £124,000. This is a good amount for this year of the charity the costs have been well managed over this period. The organisation is still in a good position to manage its costs.
.
RESERVE POLICY
It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure .This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to maintain this level throughout the year.
RISK MANAGEMENT
The charity have assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.
TRUSTEE RESPONSIBILITIES
Under the Charities Act 2011, the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:
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Select suitable accounting policies and apply them consistently.
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Make judgements and estimates that are reasonable and prudent.
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State whether the applicable accounting standards have been followed.
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Prepare financial statements on an ongoing basis.
They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.
Approved by the Trustees on 30[th] November 2021 and signed on their behalf by:
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Independent Examiner’s Report To the Trustees
THE WORD OF GOD MINISTRY
I report on the accounts of the church for the year ended 31[st ] January 2021 set out on the following pages which have been prepared on the basis of the accounting policies shown in the corresponding pages.
Respective responsibilities of trustees and examiner
The trustees of the church are responsible for the preparation of accounts: they consider that the audit requirement under section 144(2) of the Charities Act 2011 (the 2011 Act),does not apply. It is my responsibility to :
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Examine the accounts under section 145 of the 2011 Act.
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Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 145(5)(b) of the 2011 Act.
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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 Commissioners. An examination includes a review of the accounting records kept by the church and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In the course of my examination, no matter has come to my attention;
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(1) which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that:
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proper accounting records are kept( in accordance with section 130 of the 2011 Act
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accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 2011 Act: or
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(2) to which , in my opinion , attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Chuks Ajuka BSc(Man), FICB PMDip FRESH FIRE ORGANISATION Unit 5 Generator Business Centre 95 Miles road Mitcham Surrey CR4 3FH
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THE WORD OF GOD MINISTRY
Statement of Financial Activities for the year ended 31st January 2021
| Unrestricted | Unrestricted | Unrestricted | Total Funds | Total Funds | |
|---|---|---|---|---|---|
| Funds | 2021 | 2020 | |||
| Incoming ResourcesNote | £ | £ | £ | ||
| from generated funds | |||||
| Donations and legacie | 2 | 105601 | 105601 | 99752 | |
| Investment income | 3 | 0 | 0 | 0 | |
| ___ ___ ______ |
|||||
| 105601 | 105601 | 99752 | |||
| Other Income | |||||
| Other income | 18720 | 18720 | 21929 | ||
| ______ | ______ | ||||
| Total Incoming | 124321 | 124321 | 121681 | ||
| Resources | |||||
| ______ | ______ | ||||
| Resources Expended | |||||
| Charitable activities in furtherance of objectives | |||||
| Charitable Activities | 6 | 100,299 | 100,299 | 117573 | |
| Other | 4 | 6400 | 6400 | 28500 | |
| _______ | |||||
| Total Resources | 106,699 | 106,699 | 146073 | ||
| Expended | _______ | ||||
| Net movement in funds | 17,622 | 17,622 | -24392 | ||
| Reconciliation of Funds | |||||
| Total Funds brought forward | 124083 | 124083 | 148475 | ||
| Total Funds carried forward | 141,705 | 141,705 | 124083 |
The above funds are all classed as to purpose All movements of funds and all recognised gains and losses are included above.
The notes on the accounts form part of these accounts.
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THE WORD OF GOD MINISTRY Balance Sheet as at 31st January 2021
| Note 2021 Fixed Assets £ Tangible fixed assets 5 53625 _ 53625 _ Current Assets Cash at bank and 44869 in hand Debtors & prepayments 43931 88800 Creditors:amounts falling due within one year Creditors & accruals 8 720 _ Net Current Assets 88080 _ Net Assets 141705 Unrestricted Funds 141705 _ TOTAL FUNDS 141705 _ |
2020 61778 |
|---|---|
| ___ 61778 |
|
| ___ 19094 43931 |
|
| 63025 720 |
|
| ___ 73197 |
|
| ___ 124083 124083 |
|
| _ 124083 _ |
Approved by the trustees on 30th November 2021 and signed on their behalf by :
The notes on these accounts form part of these accounts
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THE WORD OF GOD MINISTRY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] JANUARY 2021
1.1 Basis of Accounting
These accounts have been prepared under the historic cost convention with items Recognised at cost or transaction values otherwise stated in the relevant note(s) to These accounts. The accounts have been prepared in accordance with: The 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 of Ireland (FRS102) issued on 16 July 2014.
- 1.2 Going Concern: The accounts are prepared on a going concern basis.
1.3 The accounts present a true and fair view and no change have been made to the accounting policies adopted.
- 1.4 No changes to the accounting estimates have occurred in the reporting period
1.5 No material prior year error have been identified in the reporting period.
Recognition of Income
These are included in the Statement of Financial Activities (SOFA) when:
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The charity becomes entitled to resources;
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It is more likely than not that the trustees will receive the resources;
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The monetary value can be measured with sufficient reliability.
Grants and Donations
Grants and Donations are only included in the SOFA when the general income recognition criteria are met (5.10 to 512 FRS102 SORP)
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Tax reclaim on donations and gifts
Gift Aid receivable is included in the income when there is a valid declaration from the donor. Any gift aid amount recovered on a donation is considered to be part of that gift and is treated in addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
EXPENDITURE AND LIABILITIES
Liability Recognition
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
Grants and Support Costs
Support costs have been allocated between the governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
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THE WORD OF GOD MINISTRY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] JANUARY 2021
Creditors
The charity has creditors which are measured at settlement amounts less any trade discounts.
ASSETS
Tangible Fixed Assets for use by the charity
They are capitalised if they can be used for more than one year. They are valued at cost. The depreciation is calculated at 20% reducing balance method.
Debtors
Debtors are measured on initial recognition at settlement amount. Subsequently they are measured at cash.
.
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THE WORD OF GOD MINISTRY Notes to the accounts for year ended 31st January 2021
Donations and Legacies
| Church collections Tithes and Offerings Total Investment income Bank Interest Other Missions Speakers expenses Total Tangible Fixed Assets Cost At 01/02/2020 Additions At 31/01/2021 Depreciation At 01/02/2020 charge for the year At 31/01/2021 NBV at 31/01/21 NBV at 01/02/20 |
Unrestricted Total funds Funds 2021 2020 £ £ £ 105601 105601 99752 _____ 105601 105601 99752 ____ Unrestricted Total funds Funds £ 2021/£ 2020/£ 0 0 0 amount £/2021 £/2020 6000 20000 400 8500 ___ 6400 28500 ______ Land Instrument Vehicles Equipment Fixtues Total £ £ £ £ £ £ 21000 10703 47378 13147 3911 96139 0 0 0 0 0 0 |
Unrestricted Total funds Funds 2021 2020 £ £ £ 105601 105601 99752 _____ 105601 105601 99752 ____ Unrestricted Total funds Funds £ 2021/£ 2020/£ 0 0 0 amount £/2021 £/2020 6000 20000 400 8500 ___ 6400 28500 ______ Land Instrument Vehicles Equipment Fixtues Total £ £ £ £ £ £ 21000 10703 47378 13147 3911 96139 0 0 0 0 0 0 |
|---|---|---|
| 21000 0 0 |
10703 47378 13147 3911 96139 6846 16164 8223 3128 34361 771 6242 984 156 8153 |
|
| 0 21000 21000 |
7617 22406 9207 3284 42514 3086 24972 3940 627 53625 3857 31214 4924 783 61778 |
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THE WORD OF GOD MINISTRY
Notes to the Accounts for the year ended 31st January 2021
6 Charitable Activities
| Charitable Activities | |
|---|---|
| Hall Hire Mission House Rent Wages Ministers expenses Light & Heat Insurance Fuel Web hosting Subscriptions Hospitality Depreciation Admin Accounting services Welfare Stationery & Printing Pension COVID Supplies Telephone Renewals & Repairs Vehicle expenses Retreat expenses Rates Media services Travel Stationary Special events Mission house expenses TAX/NI Total |
2021/£ 2020/£ 5272 9210 30600 30300 18430 17099 0 8300 2520 3480 320 1666 0 814 0 465 0 0 3601 6898 8153 10193 370 1800 1033 720 0 5200 0 220 6720 3616 2000 0 1245 1380 0 3600 500 6530 0 0 2100 3830 0 0 4800 0 0 0 7500 0 0 0 5135 2252 |
| ___ 100299 117573 ___ |
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THE WORD OF GOD MINISTRY
Notes to the Accounts for year ended 31st January 2021
Trustee Remuneration and Related parties
No Trustee was paid remuneration for any services or activity during the financial year. There was 1 employee during the financial year. No employee eaned more than £20,000 in the year.
| **8 ** | Credtors: amounts falling due within one year | 2021/£ | 2020/£ |
|---|---|---|---|
| Independent examination | 720 | 720 | |
| ______ | |||
| Total | 720 | 720 | |
| **9 ** | Debtors and Prepayments | 2021/£ | 2020/£ |
| Tax recoverable | 14551 | 14551 | |
| Debtors | 29380 43931 |
29380 43931 |
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