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2021-06-30-accounts

REGISTERED COMPANY NUMBER: 06578570 (England and Wales) REGISTERED CHARITY NUMBER: 1142669

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

FOR

WORLD WIDE MISSIONARY MOVEMENT OF UK (A COMPANY LIMITED BY GUARANTEE)

3 Ilex House

94 Holly Road Twickenham TW1 4HF

Siva Yogan & Co Ltd Chartered Accountants

WORLD WIDE MISSIONARY MOVEMENT OF UK

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Statement of Financial Position 6 to 7
Notes to the Financial Statements 8 to 16
Detailed Statement of Financial Activities 17 to 18

WORLD WIDE MISSIONARY MOVEMENT OF UK

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 30 JUNE 2021

TRUSTEES

Ms E Bolivar Ms L J Bolivar Morales Rev. R C Riojas Ayala

COMPANY SECRETARY Ms E Bolivar REGISTERED OFFICE 196 Shroffold Road Bromley BR1 5NJ REGISTERED COMPANY 06578570 (England and Wales) NUMBER REGISTERED CHARITY 1142669 NUMBER INDEPENDENT EXAMINER Siva Yogan & Co Ltd Chartered Accountants 3 Ilex House 94 Holly Road Twickenham TW1 4HF

Page 1

WORLD WIDE MISSIONARY MOVEMENT OF UK

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2021. 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).

STRATEGIC REPORT

Achievement and performance

Charitable activities

The charity's objects are for the public benefit and are to advance the Christian faith in accordance with the Statement of beliefs appearing in the schedule to the Articles of Association of the company, in London and in such other parts of the United Kingdom or the world as the trustees may from time to time think fit and to fulfill such other purposes which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of the Charity.

Financial review

Financial position

The charity had a deficit of £2,865 for the year (2020- £23,310). The details are given in the statement of financial activities pages 5 to 16.

Financial and risk management objectives and policies

Management

The directors/company secretary and trustees named on page 1 have served throughout the year. The Articles of Association of the company govern the appointment of the directors/trustees.

They do not have any beneficial interests in the company. The liability of each director is a maximum of £10.00. All directors and company secretary of the company are trustees of the charity.

Induction and training

All trustees are familiar with the work of the charity. Considering the nature of the charity, it was considered not necessary to attend any training courses, but guidance was given to all trustees how to access Charity Commission web site and extract various information and guidance.

Risk management

The trustees review the financial systems on a regular basis. Due to the adverse effect of Covid 19 pandemic there were no reserves left as at 30 June 2021 but the trustees are confident that the members will provide sufficient resources in order to carry on the church activities.

Future plans

The charity is gradually recovering from the pandemic and the trustees consider income will increase over the future year.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The company was incorporated on the 28 April 2008. The Articles of Association and was amended on 21 April 2011 and registered on the 31 May 2011. The charity company is governed by the Memorandum and Articles of Association. The company obtained its charitable status on the 1 July 2011.

Page 2

WORLD WIDE MISSIONARY MOVEMENT OF UK

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

Organisational structure

The charity company has three trustees, one is the chairman, the other is treasurer and the third trustee is the company secretary.

Related parties

Rev. Roberto Carlos Riojas Ayala who conducts the church activity is also a trustee.

FUNDS HELD AS CUSTODIAN FOR OTHERS

Rev. Roberto Carlos Riojas Ayala holds the motor vehicle of the charity as a custodian and is held in trust for the charity.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 29 April 2022 and signed on the board's behalf by:

Rev. R C Riojas Ayala - Trustee

Ms L J Bolivar Morales - Trustee

Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WORLD WIDE MISSIONARY MOVEMENT OF UK

Independent examiner's report to the trustees of World Wide Missionary Movement Of UK ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2021.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

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

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.

M. Sri Ragavan FCA

Siva Yogan & Co Ltd Chartered Accountants 3 Ilex House 94 Holly Road Twickenham TW1 4HF

29 April 2022

Page 4

WORLD WIDE MISSIONARY MOVEMENT OF UK

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2021

2021
Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
82,701
Investment income
4
1
Total
82,702
EXPENDITURE ON
Charitable activities
5
Church services
85,567
NET INCOME/(EXPENDITURE)
(2,865)
RECONCILIATION OF FUNDS
Total funds brought forward
(1,091)
TOTAL FUNDS CARRIED FORWARD
(3,956)
CONTINUING OPERATIONS
2020
Total
funds
£
91,254
6
91,260
114,570
(23,310)
22,219
(1,091)

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

Page 5

WORLD WIDE MISSIONARY MOVEMENT OF UK

STATEMENT OF FINANCIAL POSITION 30 JUNE 2021

2021
Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
13
4,902
CURRENT ASSETS
Debtors
14
2,175
Cash at bank
2,552
4,727
CREDITORS
Amounts falling due within one year
15
(9,873)
NET CURRENT ASSETS/(LIABILITIES)
(5,146)
TOTAL ASSETS LESS CURRENT
LIABILITIES
(244)
CREDITORS
Amounts falling due after more than one year
16
(3,712)
NET ASSETS/(LIABILITIES)
(3,956)
FUNDS
18
Unrestricted funds:
General fund
(3,956)
Designated fund - Rent deposit
-
(3,956)
TOTAL FUNDS
(3,956)
2020
Total
funds
£
5,710
17,429
3,418
20,847
(24,185)
(3,338)
2,372
(3,463)
(1,091)
(5,141)
4,050
(1,091)
(1,091)

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 6

continued...

WORLD WIDE MISSIONARY MOVEMENT OF UK

STATEMENT OF FINANCIAL POSITION - continued 30 JUNE 2021

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 29 April 2022 and were signed on its behalf by:

Rev. R C Riojas Ayala - Trustee

Ms L J Bolivar Morales - Trustee

The notes form part of these financial statements

Page 7

WORLD WIDE MISSIONARY MOVEMENT OF UK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

1. GENERAL INFORMATION

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 196 Shroffold Road, Kent, BR1 5NJ.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Going concern

At the balance sheet date, the company had excess liabilities over assets of £3,956 (2020- £ 1091). The company is dependent on short term funding being made available to meet its liabilities and continue its day to day operations. The trustees are confident that the lenders continued support will enable the company to continue its operation in future. Based on above the trustees consider it to be appropriate to prepare financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of loan facilities.

Income

All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

Expenditure

Liabilities are recognised 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 particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

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

Plant and machinery - 25% on cost Fixtures and fittings - 25% on cost Motor vehicles - 25% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

Page 8

continued...

WORLD WIDE MISSIONARY MOVEMENT OF UK

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021

2. ACCOUNTING POLICIES - continued

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal and fall into one of two sub-classes: restricted income funds or endowment funds.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

The interest element of these obligations is charged to the Statement of Financial Activities over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Financial instruments

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at the present value of future payments

Limited by guarantee

The company is limited by guarantee. The liability of members, in case of winding up, is limited to a sum not exceeding £10 per each member.

3. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
2021 2020
Unrestricted Unrestricted
Funds Funds
£ £
Offerings at church 8,757 11,132
Tithes at church 55,958 66,036
Donations 17,986 14,086
82,701 91,254

Page 9

continued...

WORLD WIDE MISSIONARY MOVEMENT OF UK

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021

4.
INVESTMENT INCOME
Bank interest receivable
5.
CHARITABLE ACTIVITIES COSTS
Direct
Costs (see
note 6)
£
Church services
78,790
6.
DIRECT COSTS OF CHARITABLE ACTIVITIES
Trustees' remuneration
Staff costs
Rent payable
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Advertising
Sundries
Rapairs and maintenance
Pastor's expenses
Travel and subsistence
Donations
Courses books and periodicals
Computer running cost
Depreciation
Loss on sale of assets
Interest payable and similar charges
2021
£
1
Support
costs (see
note 7)
£
6,777
2021
£
8,320
3,842
26,382
2,027
-
433
811
204
1,086
119
937
22,610
525
7,500
279
162
2,353
-
1,200
78,790
2020
£
6
Totals
£
85,567
2020
£
8,320
3,842
60,000
6,480
1,204
824
649
196
-
628
40
23,951
2,456
811
1,054
-
1,966
685
627
113,733

Page 10

continued...

WORLD WIDE MISSIONARY MOVEMENT OF UK

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021

7. SUPPORT COSTS

Church services
Support costs, included in the above, are as follows:
Independent examiner’s fees
Sundries
Accountancy-payroll fees
Legal fees
Interest payable and similar charges
8.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
Other operating leases
Deficit on disposal of fixed assets
9.
INDEPENDENT EXAMINER'S
Independent examiner’s fees
10.
TRUSTEES' REMUNERATION AND BENEFITS
Trustees' salaries
Governance
costs
£
6,777
2021
2020
Church
Total
services
activities
£
£
510
510
13
13
125
129
6,129
175
-
10
6,777
837
2021
2020
£
£
2,353
1,966
26,382
60,000
-
685
2021
2020
£
£
510
510
2021
2020
£
£
8,320
8,320

Page 11

continued...

WORLD WIDE MISSIONARY MOVEMENT OF UK

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021

10. TRUSTEES' REMUNERATION AND BENEFITS - continued

Trustees' expenses

The remuneration paid to the trustee, Rev R C Riojas Ayala, who conducts the church services, amounted to £8,320 (2020- £8,320).

Rev R C Riojas Ayala, is a trustee and his expenses are met by the charity company amounting for £22,610 (2020-£23,951) for his accommodation and travel costs in providing church services.

11. STAFF COSTS

Wages and salaries
The average monthly number of employees during the year was as follows:
Employees
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
INCOME AND ENDOWMENTS FROM
Donations and legacies
Investment income
Total
EXPENDITURE ON
Charitable activities
Church services
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
2021
2020
£
£
12,162
12,162
12,162
12,162
2021
2020
2
2
Unrestricted
funds
£
91,254
6
91,260
114,570
(23,310)
22,219
(1,091)

12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Page 12

continued...

WORLD WIDE MISSIONARY MOVEMENT OF UK

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021

13. TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS
Plant and
machinery
£
COST
At 1 July 2020
2,289
Additions
-
At 30 June 2021
2,289
DEPRECIATION
At 1 July 2020
2,288
Charge for year
-
At 30 June 2021
2,288
NET BOOK VALUE
At 30 June 2021
1
At 30 June 2020
1
Fixtures
and
fittings
£
11,975
1,545
13,520
11,636
563
12,199
1,321
339
Motor
vehicles
£
7,160
-
7,160
1,790
1,790
3,580
3,580
5,370
Totals
£
21,424
1,545
22,969
15,714
2,353
18,067
4,902
5,710

The net book value of tangible fixed assets includes £3,580 (2020-£5,370) in respect of assets held under finance leases or hire purchase contracts. The depreciation change in respect of such assets amounted to £1,790 (2020-£1,790) for the year.

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

14.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
Prepayments
15.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Hire purchase (see note 17)
Trade creditors
Other creditors
Accrued expenses
2021
£
2,175
-
2,175
2021
£
1,665
-
7,560
648
9,873
2020
£
17,179
250
17,429
2020
£
2,229
11,009
10,299
648
24,185

Page 13

continued...

WORLD WIDE MISSIONARY MOVEMENT OF UK

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021

16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£ £
Hire purchase (see note 17) 3,712 3,463
17. LEASING AGREEMENTS
Minimum lease payments under hire purchase fall due as follows:
2021 2020
£ £
Net obligations repayable:
Within one year 1,665 2,229
Between one and five years 3,712 3,463
5,377 5,692
18. MOVEMENT IN FUNDS
Net
movement At
At 1.7.20 in funds 30.6.21
£ £ £
Unrestricted funds
General fund (5,141) 1,185 (3,956)
Designated fund - Rent deposit 4,050 (4,050) -
(1,091) (2,865) (3,956)
TOTAL FUNDS (1,091) (2,865) (3,956)
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 82,702 (81,517) 1,185
Designated fund - Rent deposit - (4,050) (4,050)
82,702 (85,567) (2,865)
TOTAL FUNDS 82,702 (85,567) (2,865)

Page 14

continued...

WORLD WIDE MISSIONARY MOVEMENT OF UK

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021

18. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

At 1.7.19
£
Unrestricted funds
General fund
18,169
Designated fund - Rent deposit
4,050
22,219
TOTAL FUNDS
22,219
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
91,260
TOTAL FUNDS
91,260
Net
movement
in funds
£
(23,310)
-
(23,310)
(23,310)
Resources
expended
£
(114,570)
(114,570)
At
30.6.20
£
(5,141)
4,050
(1,091)
(1,091)
Movement
in funds
£
(23,310)
(23,310)

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.7.19 in funds 30.6.21
£ £ £
Unrestricted funds
General fund 18,169 (22,125) (3,956)
Designated fund - Rent deposit 4,050 (4,050) -
22,219 (26,175) (3,956)
TOTAL FUNDS 22,219 (26,175) (3,956)

Page 15

continued...

WORLD WIDE MISSIONARY MOVEMENT OF UK

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021

18. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 173,962 (196,087) (22,125)
Designated fund - Rent deposit - (4,050) (4,050)
173,962 (200,137) (26,175)
TOTAL FUNDS 173,962 (200,137) (26,175)

19. RELATED PARTY DISCLOSURES

Rev Roberto Carlos Riojas Ayala who conducts the church activity is also a trustee. He was paid a salary of £8,320 (2020-£8,320) and provided with costs £22,610 (2020-£23,951). His wife was paid £3,842 (2020-£3,842) in assisting his church activities.

Rev R C Riojas Ayla is a trustee and his expenses are met by the charity company as below:

Rent £18,000 (2020 : £18,000) Council tax £1,487 (2020 : £1,418) Insurance Nil (2020 : £932) Travel costs in providing church services £3,123 (2020 : £3,601) Total £22,610 (2020-£23,951).

Page 16

WORLD WIDE MISSIONARY MOVEMENT OF UK

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2021

INCOME AND ENDOWMENTS
Donations and legacies
Offerings at church
Tithes at church
Donations
Investment income
Bank interest receivable
Total incoming resources
EXPENDITURE
Charitable activities
Trustees' salaries
Wages
Rent payable
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Advertising
Sundries
Rapairs and maintenance
Pastor's expenses
Travel and subsistence
Donations
Courses books and periodicals
Computer running cost
Depreciation of tangible fixed assets
Loss on sale of tangible fixed assets
Hire purchase interest
Support costs
Governance costs
Independent examiner’s fees
Sundries
Accountancy-payroll fees
Legal fees
Carried forward
2021
£
8,757
55,958
17,986
82,701
1
82,702
8,320
3,842
26,382
2,027
-
433
811
204
1,086
119
937
22,610
525
7,500
279
162
2,353
-
1,200
78,790
510
13
125
6,129
6,777
2020
£
11,132
66,036
14,086
91,254
6
91,260
8,320
3,842
60,000
6,480
1,204
824
649
196
-
628
40
23,951
2,456
811
1,054
-
1,966
685
627
113,733
510
13
129
175
827

This page does not form part of the statutory financial statements

Page 17

WORLD WIDE MISSIONARY MOVEMENT OF UK

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2021

Governance costs
Brought forward
Bank interest
Total resources expended
Net expenditure
2021
£
6,777
-
6,777
85,567
(2,865)
2020
£
827
10
837
114,570
(23,310)

This page does not form part of the statutory financial statements

Page 18