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Section E
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Financial review
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The charity has £100,467 in reserve at the end of the year to meet future Brief statement of the needs and cover events or situation that may happen. charity’s policy on reserves Details of any funds materially in deficit ## Further financial review details (Optional information) You may choose to include additional information, where relevant about: - e the charity's principal sources of funds (including any fundraising); - e how expenditure has supported the key objectives of the charity; - e investment policy and objectives including any ethical investment policy adopted. **----- Start of picture text -----**
Section F
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## Other optional information **----- Start of picture text -----**
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ee
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Section G Declaration a ae 4
The trustees declare that they have approved the trustees’ report above.
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Signed on behalf of the charity’s trustees : |gn **----- Start of picture text -----**
|gn
etc)
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Date | Ȣ/AUGUST/2022
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TAR 4 March 2012 ## **WORLD MISSION SOCIETY CHURCH OF GOD FINANCIAL STATEMENT FOR THE YEAR ENDED 31-08-2021** **CHARITY NO: 1141135** **COMPANY NO: 07338815** 1 ## **WORLD MISSION SOCIETY CHURCH OF GOD YEAR ENDED 31-08-2021** ## **DIRECTORS** MR JOO CHEOL KIM MR MICHAEL JAN KING MR PRAKASH LIMBU SAMSOHANG ## **SECRETARY** HAE MI SONG EUNHYE CHOI ## **REGISTERED OFFICE** UNIT 6 CAXTON PARK WRIGHT STREET MANCHESTER M16 9EW ## **REGISTERTED NUMBER** CHARITY NO: 1141135 COMPANY NO: 07338815 ## **ACCOUNTANTS** ALI & CO 450 CHEETHAM HILL ROAD CHEETHAM HILL MANCHESTER M8 9LE 2 ## **WORLD MISSION SOCIETY CHURCH OF GOD YEAR ENDED 31-08-2021** ## DIRECTORS REPORT FOR THE YEAR ENDED 31[ST] AUGUST 2021. The directors present their report and the accounts for the year ended 31-08-2021. ## PRINCIPAL ACTIVITIES AND REVIEW OF BUSINESS The Company’s principal activity during the year was that of a church and religious organisation. The results for the year are set out on page 4. This report was approved by the board on 30/05/2022 taking an advantage of special provisions available to small companies. Signed on behalf of the board of directors, MICHAEL J KING DIRECTOR 3 ## **WORLD MISSION SOCIETY CHURCH OF GOD YEAR ENDED 31-08-2021** ## ACCOUNTANT’S REPORT TO THE DIRECTORS The company’s directors are responsible for the preparation of the accounts, and they believe that the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. In accordance with your instructions we have compiled these un audited accounts in order to assist you to fulfil your statutory responsibilities from the accounting records and information supplied to us. ALI & CO ACCOUNTANTS 450 CHEETHAM HILL ROAD CHEETHAM HILL MANCHESTER M8 9LE Phone: (0161) 795-4751 Fax: (0161) 702-3685 4 **WORLD MISSION SOCIETY CHURCH OF GOD YEAR ENDED 31-08-2021** INCOME AND EXPENDITURE ACCOUNT For the YEAR ENDED 31-08-2021 |**TOTAL GROSS INCOME**
Direct Expenses
**Gross Income**
Charity Expenses
**Net Movement of Funds**
Interest receivable
Interest payable
**Movement of Funds**
**Retained Funds brought forward**
**Retained Funds carried forward**|2021
2020
Notes £
£
1.2
395,529
313,563
0
0
----------
------------
395,529
313,563
(176,511)
(213,096)
-----------
------------
3
219,018
100,467
0
0
4
0
0
-----------
------------
219,018
100,467
2,275,526
2,175,059
----------
-------------
2,494,544 2,275,526
======
========| |---|---| There were no recognised gains and losses other than those recognised in the Profit and Loss account. The notes on pages 6 to 9 from part of these accounts. 5 **WORLD MISSION SOCIETY CHURCH OF GOD YEAR ENDED 31-08-2021** |BALANCE SHEET
At 31ST AUGUST 2021
**Fixed Assets**
Tangible Assets

**Current Assets**
Stock
Debtors
Cash at Bank and in hand
**Creditors**
Amount falling due within one year
**Net Current Assets / (Liabilities)**
Total Assets less current liabilities
Long term loan
Net Assets / (Liabilities)
**Capital and Reserves**
Member Funds B/Fwd

Current Year Movement
Member Funds C/Fwd|2021
2020
Notes
£
£
7
2,212,234 2,028,236
8
0
0
9
0
0
418,813
357,489
-------------
-------------
418,813
357,489
10
(109,048)
(82,744)
-------------
-------------
309,765
274,745
-----------
------------
2,521,999
2,302,981
0
0
------------
------------
2,521,999
2,302,981
=======
=======
11
2,302,981
2,202,514
219,018
100,467
----------
------------
2,521,999
2,302,981
====== ========| |---|---| For the year ended 31/08/2021 the company was entitled to exemption from audit under section 477 (2) of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476. - The directors acknowledge their responsibility for: - 1) ensuring the company keeps accounting record which comply with Section 386; and - 2) 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 profit or loss for the financial year, in accordance with the requirements of section 393, and which otherwise comply with the requirements of the Companies Act relating to accounts, so far as is applicable to the company. Approved by the board on 30/05/2022 and signed on its behalf. These accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime. **MICHAEL J KING DIRECTOR** 6 **WORLD MISSION SOCIETY CHURCH OF GOD YEAR ENDED 31-08-2021** ## NOTES TO THE ACCOUNTS For the year ended 31[ST] AUGUST 2021 ## **1. Accounting policies** ## **2.** ## **Basis of preparation of accounts** The accounts are prepared under the historical cost convention and incorporate the results of the principal activity which is described in the director’s report and which is continuing. The company has taken advantage of the exemption in Financial Reporting Standard for Small Entities (effective January 2005). ## **1.2 Turnover** Turnover represents donations received during the year. ## **1.3 Tangible fixed assets and depreciation** Tangible fixed assets are stated at cost less depreciation. Depreciation is provided using the reducing method of the category of tangible assets existing. Fixture, fittings and equipment 10% ## **1.4 Stock and work in progress** Stock and work in progress are valued at the lower of cost and net realisable value making due allowance for obsolete and slow moving stocks. 7 ## **WORLD MISSION SOCIETY CHURCH OF GOD YEAR ENDED 31-08-2021** ## NOTES TO THE ACCOUNTS For the year ended 31[ST] AUGUST 2021 ## **2. Turnover** The whole of the turnover and funds movement is attributable to the one principal activity of the company. ## **3. Operating Funds Movement** The operating funds movement is stated after charging: |**4. **
**5.**|Depreciation of tangible fixed assets
**Interest payable**
On bank loans, overdrafts
Repayable within 5 years, not by instalments

**Taxation**|2021
**£**
3,554
2021
**£**
0| |---|---|---| The company has no liability to Corporation Tax. ## **Dividends** Company is a charity and not paying dividend. 8 ## **WORLD MISSION SOCIETY CHURCH OF GOD YEAR ENDED 31-08-2021** ## NOTES TO THE ACCOUNTS For the period ended 31[ST] AUGUST 2021 ## 7. **Tangible fixed assets** |**Tangible fixed assets**|||| |---|---|---|---| ||Fixture &|BUILDING|Total| ||Fittings||| ||**£**|**£**|**£**| |**Cost**|||| |At 01-09-2020|49,613|2,008,492|2,058,105| |Additions|0|187,552|187,552| |Disposal|0|0|0| ||---------|-------------|-------------| |At 31-08-2020|49,613|2,196,044
|2,245,657| ||=====|========|========| |**Depreciation**|||| |At 01-09-2019|29,869|0|29,869| |Charge for the period|3,554|0|3,554| ||--------|------------|-------------| |At 31-08-2020|33,423|0|33,423| ||=====|========|=========| |**Net Book Values**|||| |At 31-08-2020|16,190|2,196,044|2,212,234| ||=====|========|=========| |**Stock**|||2021| 8. **Stock** £ Stock 9. **Debtors** 2021 Due within one year Debtors, prepayments and accrued income 0 9 ## **WORLD MISSION SOCIETY CHURCH OF GOD YEAR ENDED 31-08-2021** ## NOTES TO THE ACCOUNTS For the period ended 31[ST] AUGUST 2021 ## 10. **Creditors: amount falling due within one year** |**Creditors: amount falling due within one year**|| |---|---| ||2020| ||**£**| |Creditors and Accruals|109,048| |11.
12.|**Deferred taxation**
Company is a charity
Called up share capital
Company is limited by guarantee and company does not have share capital.| |---|---| |13.|**Reconciliation of movement of Members funds**
2021
£
Funds Movement for the year
219,018
-------------
219,018
Member funds at 01-09-2020
2,302,981
-------------
Member funds at 31-08-2021
2,521,999
========| |---|---| 10 **WORLD MISSION SOCIETY CHURCH OF GOD TRADING, PROFIT AND LOSS ACCOUNTS FOR THE PERIOD ENDED 31ST AUGUST 2021** INCOME DONATIONS £ £ 395,529 |EXPENSES||| |---|---|---| |WAGES AND SUBCONTRACTOR|94,522|| |RENTAL EXPENSES|32,800|| |FOOD SPORT|586|| |RATES & COUNCIL TAX|1,408|| |TRAVEL & SUBSISTENCE|2,303|| |LEGAL AND PROFESSIONAL|2,270|| |PHONE|626|| |BANK CHARGES|2,647|| |POSTAGE, STATIONERY, ADVERTISING|716|| |UTILITIES,LIGHT AND HEATING|15,474|| |REPAIR & RENEWAL|2,844|| |WASTE & CLEANING|4,385|| |SUNDRIES & INSURANCE|10,690|| |DEPRECIATION|3,554|| |FIRE & SAFETY|1,686|| ||---------|| |||(176,511)| |||--------------| |INCOME OVER EXPENDITURE FOR THE YEAR||219,018| |||========| ## INDEPENDEDNT EXAMINER’S REPORT WORLD MISSION SOCIETY CHURCH OF GOD Charity No: 1141135 Account for Year Ended 31-08-2021 I report on the account s of the Trust for the year ended 31/08/2021, which are set out on page 01 to 04. ## Respective Responsibilities of Trustees and Examiner The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to: - e Examine the accounts under section 145 of the Charities Act - e To follow the procedures laid down in the general Direction given by the charity Commission (under section 145 (5) (b) of the Charities Act, and - e To state whether particular matters have come to my attention. ## Basis of Independent Examiner’s Statement My examination was carried out in accordance with general Directions given by the Charity Commission. An examination include 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 unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the account 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 material matters have come to my attention which gives me cause to believe that in, any material respect: - e Accounting records were not kept in accordance with section 130 of the Charities Act or - e The accounts do not accord with the accounting records. I have come across no other matters in connection with the examination to which attention should ogdrawn in order to enable a proper understanding of the accounts to be reached. MrOn (IFA) Date: 22/09/2022 Institutes of Financial Account 450 Cheetham Hill Road, Manchester, M8 9LE