2022-01-30-accounts - The Word Of God Ministry

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THE WORD OF GOD MINISTRY

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[st] JANUARY 2022

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 2022

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

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 also renovated the place of worship that it is currently using for its services.

FINANCIAL REVIEW

The income of the charity is above £132,000. 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:

Select suitable accounting policies and apply them consistently.
Make judgements and estimates that are reasonable and prudent.
State whether the applicable accounting standards have been followed.
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 14[th] November 2022 and signed on their behalf by:

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 2022 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 :

Examine the accounts under section 145 of the 2011 Act.
Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 145(5)(b) of the 2011 Act.
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;

(1) which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that:
proper accounting records are kept( in accordance with section 130 of the 2011 Act
accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 2011 Act: or
(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

THE WORD OF GOD MINISTRY

Statement of Financial Activities for the year ended 31st January 2022

	Unrestricted	Unrestricted	Total Funds	Total Funds
	Funds		2022	2021
Incoming ResourcesNote	£		£	£
from generated funds
Donations and legacie	2	102836	102836	105601
Investment income	3	0	0	0
	___ ___ ______
		102836	102836	105601
Other Income
Other income		29500	29500	18720
	______		______
Total Incoming		132336	132336	124321
Resources
	______		______
Resources Expended
Charitable activities in furtherance of objectives
Charitable Activities	6	129,310	129,310	100299
Other	4	10000	10000	6400
	_______
Total Resources		139,310	139,310	106699
Expended	_______
Net movement in funds		-6,974	-6,974	17622
Reconciliation of Funds
Total Funds brought forward		141705	141705	124083
Total Funds carried forward		134,731	134,731	141705

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.

THE WORD OF GOD MINISTRY Balance Sheet as at 31st January 2022

Note 2022 Fixed Assets £ Tangible fixed assets 5 51101 _ 51101 _ Current Assets Cash at bank and 47110 in hand Debtors & prepayments 37240 84350 Creditors:amounts falling due within one year Creditors & accruals 8 720 _ Net Current Assets 83630 _ Net Assets 134731 Unrestricted Funds 134731 _ TOTAL FUNDS 134731 _	2021 53625
	___ 53625
	___ 44869 43931
	88800 720
	___ 88080
	___ 141705 141708
	_ 141705 _

Approved by the trustees on 14th November 2021 and signed on their behalf by :

The notes on these accounts form part of these accounts

THE WORD OF GOD MINISTRY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] JANUARY 2022

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:

The charity becomes entitled to resources;
It is more likely than not that the trustees will receive the resources;
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)

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.

THE WORD OF GOD MINISTRY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] JANUARY 2022

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.

THE WORD OF GOD MINISTRY Notes to the accounts for year ended 31st January 2022

Donations and Legacies

Church collections Tithes and Offerings Total Investment income Bank Interest Other Missions Speakers expenses Total Tangible Fixed Assets Cost At 01/02/2021 Additions At 31/01/2022 Depreciation At 01/02/2021 charge for the year At 31/01/2022 NBV at 31/01/22 NBV at 01/02/21	Unrestricted Total funds Funds 2022 2021 £ £ £ 102836 102836 105601 _____ 102836 102836 105601 ____ Unrestricted Total funds Funds £ 2022/£ 2021/£ 0 0 0 amount £/2022 £/2021 0 6000 10000 400 ___ 10000 6400 ______ Land Instrument Vehicles Equipment Fixtues Total £ £ £ £ £ £ 21000 10703 47378 13147 3911 96139 0 5000 0 0 0 5000	Unrestricted Total funds Funds 2022 2021 £ £ £ 102836 102836 105601 _____ 102836 102836 105601 ____ Unrestricted Total funds Funds £ 2022/£ 2021/£ 0 0 0 amount £/2022 £/2021 0 6000 10000 400 ___ 10000 6400 ______ Land Instrument Vehicles Equipment Fixtues Total £ £ £ £ £ £ 21000 10703 47378 13147 3911 96139 0 5000 0 0 0 5000
	21000 0 0	15703 47378 13147 3911 101139 7617 22406 9207 3284 42514 1617 4994 788 125 7524
	0 21000 21000	9234 27400 9995 3409 50038 6469 19978 3152 502 51101 3086 24972 3940 627 53625

THE WORD OF GOD MINISTRY

Notes to the Accounts for the year ended 31st January 2022

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 Renovation & Repairs Vehicle expenses Retreat expenses Rates Bank charges Travel Stationary Special events Mission house expenses TAX/NI Total	2022/£ 2021/£ 6840 5272 30600 30600 18430 18430 0 0 3360 2520 2185 320 3600 0 0 0 0 0 1000 3601 7524 8153 0 370 1273 1033 12375 0 0 0 7280 6720 0 2000 1368 1245 11500 0 0 500 10000 0 3940 2100 378 0 0 4800 0 0 3000 7500 0 0 4657 5135
	___ 129310 100299 ___

THE WORD OF GOD MINISTRY

Notes to the Accounts for year ended 31st January 2022

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	2022/£	2021/£
	Independent examination	720	720
		______
	Total	720	720
9	Debtors and Prepayments	2022/£	2021/£
	Tax recoverable	37240	14551
	Debtors	0 37240	29380 43931