**REGISTERED CHARITY NUMBER: 1129710** ## **Report of the Trustees and** **Unaudited Financial Statements for the Year Ended 31 March 2024** **for** **World Christian Fellowship (UK)** **World Christian Fellowship (UK)** **Contents of the Financial Statements for the Year Ended 31 March 2024** ||**Page**| |---|---| |**Report of the Trustees**|1 to 2| |**Statement of Financial Activities**|3| |**Balance Sheet**|4| |**Notes to the Financial Statements**|5 to 7| |**Detailed Statement of Financial Activities**|8| **World Christian Fellowship (UK)** ## **Report of the Trustees for the Year Ended 31 March 2024** The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** To advance the Christian faith in accordance with the statement of beliefs appearing in the schedule hereto in North Harrow, Middlesex and in such other parts of the United Kingdom or the world as the trustees may from time to time think fit and to fulfil such other purposes which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of the trust. To relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind, including through the provision of counselling and support in such parts of the United Kingdom or the world as the trustees from time to time think fit and to fulfil such other purposes which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of the trust. ## **Significant activities** The Charity continued to procure significant donations from donors in the sum of £115,513. ## **Public benefit** The trustees confirm their compliance with the duty to have regard to the Public Benefit guidance published by the Charity Commission when reviewing the Charity's aims and objectives in planning future activities. ## **Volunteers** During the period, the charity had 12 volunteers to help with the objectives of the Charity. ## **ACHIEVEMENT AND PERFORMANCE** ## **Internal and external factors** The trustees have made a full assessment of the internal and external factors that may affect these financial statements and do not deem any factors material enough to have an impact. ## **FINANCIAL REVIEW Financial position** The trustees consider that the performance of the charity this year has been most satisfactory. ## **Reserves policy** The charity does not maintain a reserve policy, as reserves are distributed when they become available, at the trustees' discretion. The present level of funding is adequate to support the continuation of its objectives, and the trustees consider the financial position of the charity to be satisfactory. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. The charity is controlled by its governing document, a deed of trust dated 8th February 2009 and constitutes an unincorporated charity. ## **Risk management** The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Page 3 World Chi'istiin Felloivship (UIQ REFERENCE AND ADMINISTRATIVE DEITAILS Registered CharAty number 1129710 Report of the Trustees for the Yeai. Ended 31]vI￿.ell 2024 Principal address 15 Charlton Road, Kenton. HaTrow. Middlesex HA3 9HP Trllstees PastorAbraham David John Vino Dhavaraj Solomon Durairaj Adeline Sugnatha Abraham Godfrey Winston John50n Finny Moses Elimose Joseph Paul Baboo Approv¢d by order of the board of trustees on..... . and signed on its behalf by. PastorAbrah David Johu- Tn)st¢e Page4 **World Christian Fellowship (UK)** ## **Statement of Financial Activities for the Year Ended 31 March 2024** ||31.3.24|31.3.23| |---|---|---| ||Unrestricted|Unrestricted| ||funds|funds| ||£|£| |**INCOME AND ENDOWMENTS FROM**||| |Donations and legacies|115,513|72,408| |**EXPENDITURE ON**||| |Other|91,432|76,042| |**NET INCOME**|24,081|(3,634)| |**RECONCILIATION OF FUNDS**||| |**Total funds brought forward**|921|4,555| |**TOTAL FUNDS CARRIED FORWARD**|25,002|921| The notes form part of these financial statements Page 5 World ChrAstian 17elloivshfip (UK) Balqnce Slieet 31 M2reh 2024 31.3.24 31.3.23 Notes FIXED ASSETS Propety, Plant& MaChi￿ry 1287 ctrtlRINT ASSETS CRsb at bank & ill hand 26,725 6,161 ctiEDITORS knounts falling due within one year (3.010) (5240) NET CURRENT AsSETSI(L￿￿￿￿S) 921 TOTAL ASSETS LESS CURRENT LIABILITIES 25,002 921 NEIT ASSE+ TSI(LIAB]LITXES) Unrestricted fiu)ds TOTAL fiUNDS Tlie financial statements were approved by the Board ofTnistees and authorized for issue on... and w¢r¢ signed on its be1￿]f by: PastorA raham David Jol)n-Trustee The note5 fom] part of these fjnancial statements Page 6 **World Christian Fellowship (UK)** ## **Notes to the Financial Statements for the Year Ended 31 March 2024** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognized in the Statement of Financial Activities. Once the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably. ## **Expenditure** Liabilities are recognized as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to headings, they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible Fixed Assets and Depreciation** Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Office Equipment - 25% on cost ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **2. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. ## **3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** ||Unrestricted| |---|---| ||fund| ||£| |**INCOME AND ENDOWMENTS FROM**|| |Donations and legacies|72,408| |**EXPENDITURE ON**|| |Other|76,042| |**NET INCOME**|(3,634)| continued... Page 7 **World Christian Fellowship (UK)** **Notes to the Financial Statements - continued for the Year Ended 31 March 2024** |**3.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|| |---|---|---|---|---|---| ||||||Unrestricted| ||||||fund| ||||||£| ||**RECONCILIATION OF FUNDS**||||| ||**Total funds brought forward**||||4,555| ||**TOTAL FUNDS CARRIED FORWARD**||||921| |**4.**|**PROPERTY, PLANT & EQUIPMENT**||||| ||||**Office Equipment**||
**Total**| ||**Cost**||||| ||Additions|||1,716|1,716| ||As at 31 Mar 2024|||1,716|1,716| ||**Depreciation**||||| ||Provided during the period|||429|429| ||As at 31 Mar 2024|||429|429| ||**Net Book Value**||||| ||As at 31 Mar 2024|||1,287|1,287| |**5.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||| ||||31.3.24||31.3.23| ||||£||£| ||Other creditors||3,011||5,240| |**6.**|**MOVEMENT IN FUNDS**||||| ||||Net||| ||||movement||At| ||At|1/4/23|in funds||31/3/24| |||£|£||£| ||**Unrestricted funds**||||| ||General fund|921|24,081||25,002| ||**TOTAL FUNDS**|921|24,081||25,002| continued... Page 8 **World Christian Fellowship (UK)** **Notes to the Financial Statements - continued for the Year Ended 31 March 2024** Net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|115,513|(91,432)|24,081| |**TOTAL FUNDS**|115,513|(91,432)|24,081| ## **Comparatives for movement in funds** |||Net|| |---|---|---|---| |||movement|At| ||At 1/4/23|in funds|31/3/24| ||£|£|£| |**Unrestricted funds**|||| |General fund|4,555|(3,634)|921| |**TOTAL FUNDS**|4,555|(3,634)|921| ## **6. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|72,408|(76,042)|3,634| |**TOTAL FUNDS**|72,408|(76,042)|3,634| A current year 12 months and prior year 12 months combined position is as follows: |Net
movement
At 1/4/22
in funds
£
£
**Unrestricted funds**
General fund
4,555
20,447
**TOTAL FUNDS**
4,555
20,447|At
31/3/24
£
25,002
25,002| |---|---| continued... Page 9 **World Christian Fellowship (UK)** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2024** A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
Resources
Movement
resources
expended
in funds
£
£
£
187,921
(167,474)
20,447
187,921
(167,474)
20,447| |---|---| ## **7. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 March 2024. Page 10 **World Christian Fellowship (UK)** ## **Detailed Statement of Financial Activities for the Year Ended 31 March 2024** |
**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Total incoming resources**
**EXPENDITURE**
**Support costs**
**Other**
Catering
Preacher Pay / Direct Cost
Rent
Postage and stationery
Gifts and Donations
Telephone
Motor Expenses
Travel and Entertainment
Events
Repairs & Maintenance
Insurance
Legal & Professional Fees
Membership fees
Accountancy
Bank Charges
Sundries
Depreciation
Total resources expended
**Net income**|31.3.24

£
115,513
115,513
1,965
8,733
21,650
222
7,100
173
2,853
20,800
24,512
958
142
84
50
900
650
211
429
91,432
91,432
24,081|
|31.3.23
£
72,408
72,408
1,686
6,647
20,942
1,553
-
233
4,323
17,960
20,703
-
-
520
900
575
-
76,042
76,042
(3,634)| |---|---|---|---| ||
||| Page 11