REGISTERED COMPANY NUMBER: 08233230 (England and Wales) REGISTERED CHARITY NUMBER: 1150902
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
FOR
THE REVEALED WORD CHURCH
The Trustee Board The Revealed Word Church Studio 112, Sunbeam House, Sunbeam Street, Wolverhampton WV2 4PF
THE REVEALED WORD CHURCH (REGISTERED NUMBER: 08233230) REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 SEPTEMBER 2024
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 September 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
AIMS AND OBJECTIVES
The aim of the charity is to advance the Christian Faith in Wolverhampton, the United Kingdom and worldwide for the benefit of the public through evangelistic trips as The Lord leads and open s doors to the Ministry in the UK and World wide; the holding of prayer meetings and producing and distributing literature on the Christian religion to enlighten others about the Christian Faith.
Key Development s for 2024
In 2024, we were able to lag the sanctuary and, with aim at making it more warm in the cold months. As the heating initially provided by the rental agreement was suddenly discontinued; the new challenge was a very high electric bill for heating the Sanctuary.
We have seen electric bills average of nearly £500.00 monthly.
This presents a major challenge for us as present.
Key spiritual needs for The Revealed Word Church are now easy and simple to schedule:
-
All-night prayer meetings
-
Revival meetings
-
Extra services as The Lord Leads
-
A central place for our mails
-
Venue for various meetings and workshops
-
And finally, 'A SANCTUARY' for The Revealed Word Church.
We are still progressively developing the space to tailor and meet our needs.
Public benefit
The trustees confirm that they have had due regard to guidance published by the Charities Commission on public benefit.
FINANCIAL REVIEW
Reserves policy
Reserves are held solely to facilitate the objectives of the charity.
The Statement of Financial Activities for the year ended 30 September 2023 shows incoming resources of £23009.22 (2022: £16,456.00) and resources expended of £21,976.22 (2022: £16,589.72), generating a profit totalling £1032.93 (2023: net deficit totalling £3655). As a result, the net assets of the Charity have decreased from £3,655 as at 30 September 2021 to £3,521.28 as at 30 September 2022.
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.
Recruitment and appointment of new trustees
New trustees can be appointed in accordance with the Articles of Association.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
08233230 (England and Wales) Registered Charity number 1150902
THE REVEALED WORD CHURCH (REGISTERED NUMBER: 08233230) REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Registered office: Studio 112 Studio House, Sunbeam Studios Bizspace Business Park Wolverhampton West Midlands WV2 4PF
Trustees A Ukeni R Tizora (appointed 14.1.21)
EVENTS SINCE THE END OF THE YEAR
Information relating to events since the end of the year is given in the notes to the financial statements.
Approved by order of the board of trustees on ..........11[th] January 2025............ and signed on its Behalf By:
Alex Ukeni
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for:
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
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 ..............17[th] July 2024............................... and were signed on its behalf by:
............................................. A Ukeni - Trustee
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.
INCOME
All income is recognised 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 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. Equipment - 25% on reducing balance Fixtures and fittings - 25% on cost
TAXATION
The charity is exempt from corporation 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 particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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||||||||
|---|---|---|---|---|---|---|
|Charity Name|No (if any)|
|The Revealed Word Church|1172202|
|Receipts and payments accounts|CC16a|
|For the period|Period start date|Period end date|
|from|01-10-2023|30-09-2024|
|—|————|
|Section A Receipts and payments|
|Unrestricted|Restricted|Endowment|
|Total funds|Last year|
|funds|funds|funds|
|to the nearest|
|to the nearest £|to the nearest £|to the nearest £|to the nearest £|
|£|
|A1 Receipts|
|Donations|26,292.39|-|-|26,292|23,009|
|Events and courses|-|-|-|-|-|
|Bank interest|7.02|-|-|7|-|
|-|-|-|-|-|
|-|-|-|-|-|
|-|-|-|-|-|
|-|-|-|-|-|
|-|-|-|-|-|
|Sub total|(Gross income for|
|AR)|26,299.41|-|-|26,299|23,009|
|ee|
|A2 Asset and investment sales,|
|(see table).|
|-|-|-|-|-|
|-|-|-|-|-|
|Sub total|-|-|-|-|-|
|Total receipts|26,299.41|-|-|26,299|23,009|
|a|—|
|A3 Payments|
|Website development|-|-|-|-|-|
|Rent|16,806.74|-|-|16,807|14,340.00|
|Accountancy fees|-|-|-|-|-|
|Legal Fees|375.00|-|-|375|-|
|Events and Prize costs|-|-|-|-|-|
|Meeting cost|-|-|-|-|-|
|Printing Postage & Stationery|133.82|-|-|134|601.08|
|Subscription|-|-|-|-|-|
|Business Entertainment|123.23|-|-|123|-|
|Bank Charges|219.61|-|-|220|154.71|
|Donation|550.00|-|-|550|-|
|Other expense|180.00|-|-|180|2,503.29|
|Light & Heat|235.45|-|-|235|2,990.38|
|Telephone & Internet|304.39|-|-|304|1,159.32|
|Motor Expense|263.30|-|-|263|227.44|
|Travel & Substitute|439.01|-|-|439|-|
|Computer & Software|684.55|-|-|685|-|
|Repairs & maintenance|8,248.72|-|-|8,249|-|
|Subcontractor|250.00|-|-|250|-|
|-|-|-|-|-|
|Sub total|28,813.82|-|-|28,814|21,976.22|
|A4 Asset and investment|
|purchases, (see table)|
|-|-|-|-|-|
|-|-|-|-|-|
|-|-|-|-|-|
|-|-|-|-|-|
|Sub total|-|-|-|-|-|
|==sSSS=|Total payments|28,813.82|-|-|28,814|21,976|
|Net of receipts/(payments)|[- ]|2,514.41|-|-|(2,514)|1,033|
|A5 Transfers between funds|-|-|-|-|-|
|A6 Cash funds last year end|4,554.21|-|-|4,554|3,521|
|Cash funds this year end|=—————|2,039.80|-|-|2,040|4,554|
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CCXX R1 accounts (SS)
1
27-06-2025
| Section B Statement of assets and liabilities at the end of the period | Section B Statement of assets and liabilities at the end of the period | Section B Statement of assets and liabilities at the end of the period | |
|---|---|---|---|
| Categories Signed by the trustees B5 Liabilities B3 Investment assets B2 Other monetary assets B4 Assets retained for the charity’s own use B1 Cash funds |
Signature Computer & Equipments Details Details Fixtures & Fittings Details Total cash funds (agree balances with receipts and payments account(s)) Bank current account Bank deposit account Petty cash account Details Details |
Unrestricted funds Restricted funds to nearest £ to nearest £ 1,689.46 - 350.34 - - 2,039.80 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) 3,814.80 10,009.80 - - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Print Name |
Endowment funds to nearest £ - - - |
| - | |||
| OK | |||
| Endowment funds to nearest £ - - - - - - Current value (optional) - - - - - Current value (optional) 3,814.80 10,009.80 - - - - - - - When due (optional) Date of approval |
CCXX R2 accounts (SS)
2
27-06-2025
Independent examiner’s report on the accounts Section A Independent Examiner’s Report Report to the trustees Charity Name THE REVEALED WORD CH RCH members of ~~a PE~~ On accounts for the year 30 SEPTEMBER 2024 Charity no 1150902 ended (if any) ~~eeee~~ Set out on pages (remember to include the page numbers of additional sheets) ~~PO~~ Respective The charity s trustees are responsible for the preparation of the accounts responsibilities of The charity s trustees consider that an audit is not re uired for this year trustees and examiner under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed It is my responsibility to
examine the accounts under section 145 of the Charities Act
to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act and to state whether particular matters have come to my attention
Basis of independent My examination was carried out in accordance with general Directions given examiner’s statement by the Charity Commission An examination includes 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 re uired in an audit and conse uently no opinion is given as to whether the accounts present a true and fair view and the report is limited to those matters set out in the statement below
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Independent In connection with my examination no matter has come to my attention
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examiner’s statement[1 which gives me reasonable cause to believe that in any material respect ] the re uirements
to keep accounting records in accordance with section 130 of the Charities Act and
to prepare accounts which accord with the accounting records and comply with the accounting re uirements of the Charities Act have not been met or
- 2 to which in my opinion attention should be drawn in order to enable a proper understanding of the accounts to be reached
e se de e e e ords in e r c e s if e do no
Signed Kulvarn Mahal Date 1 06 2025 ~~ee~~ Name PEACOCK ACCO NTANTS LIMITED ~~|~~ Relevant professional FELLOW OF THE ASSOCIATION OF CHARTERED CERTIFIED qualification(s) or body ACCO NTANTS (if any) ~~a~~
1
anuary 2025
IER
| Address | 71-75 SHELTON STREET COVENT GARDEN |
|---|---|
| LONDON ENGLAND | |
| WC2H 9 | |
| Section B Disclosure |
Only complete if the examiner needs to highlight material problems
2
anuary 2025
IER
Give here brief details of any items that the examiner wishes to disclose
3
anuary 2025
IER