**CHARITY REGISTRATION NUMBER 1160113**
The Word International Church
**Financial Statements For The Year Ended 30 September 2020**
## _**Raywin P-Cole & Co Ltd**_
_Chartered Certified Accountants ACCA Registered Firm 131 Tivoli Road, West Norwood London SE27 0EE_
## **The Word International Church**
## **Financial Statements For The Year Ended 30 September 2020**
## **Contents**
||**Page**|
|---|---|
|Trustees Annual Report|1-2|
|Chartered Accountants' report|3|
|Statement of Financial Activities|4|
|Balance Sheet|5|
|Notes to the accounts|6 - 8|
**The Word International Church**
## **Trustees Annual Report for the year ended 30th September 2020**
## **Objectives and Activities**
The Word International Church continues to work with our local Peckham Police, our local Council and our local community. We continue to give and work with local charities christian umbrella groups and support overseas missions. We continue to advance our Christian faith and training a care for the spiritual, emotional, wellbeing of our church community and safeguarding the vulnerable in our midst. This year however has caused a lot of setbacks on our charitable activities due to the COVID situation and government restrictions.
November 3rd was Pastor appreciation Sunday. It is a time when members of the church organize the service and not the clergy. The laity does the service in appreciation of the clergy. Members would come up and say kind words of how much pastoral care they had received that year from the clergy.
We had our Praise Night on 7th December 2019 . This is an evening event where we invite praise and worship ministers including our own praise and worship ministers and team to give God praise and worship for all He has enabled us to achieve that year. It was a time of rejoicing and celebration.
We continue to have our friends and family service every second Sunday of the month. This is a casual service where members of the church can interrupt the preaching, ask questions and give their own contribution to the topic in question. Topics that were discussed and taught include: Abuses & domestic violence in the home, resolving conflicts and family feuds in the home, communication, sex and money, roles and responsibilities within the home etc.
We also continue to have our leadership trainings where we train our church workers how do their work with uttermost effectiveness. The various ministry teams in the church include: The Pastoral team. (Teaching & Preaching), The Intercessory Team (Praying), The Ushering Team (Welcoming and order in Church), the Evangelistic & Follow up Team (Visiting), the Children’s Sunday School Team. The aim of the training is to give them sound foundational christian doctrines, to help them build strong christian virtues like: love, patience, endurance, courage, humility, time management etc. We also aim at developing good christian character and good leadership, management and safe-guarding skills to help them do their work in the church in a proper manner.
During November, we always gather food, clothes and shoes items, hand bags, rucksacks, school supplies and ship to our poor brethren in Sierra Leone. We were able to gather and ship quite a considerable number of items which we shipped to Sierra Leone and distributed in Freetown the capital of Sierra Leone and in Kono district the eastern province of Sierra Leone. The items were received with joy and gladness and with much appreciation. This brought joy to many at the christmas time.
## **Activities planned for 2020**
6th - 26th January - prayer and fasting 14th - 15th February - Valentine’s day and couples dinner 22nd March – Mother’s day ( The men did Mother’s Day hamper for all the women in the church) 27th April - Sierra Leone independence 2nd -3rd - Women fellowship celebration 21st June – Father’s day 22nd- 28th June - Week of Prayer and Fasting 3rd - 5th July Church 10th anniversary 29th August- Church Day Out (fun day and barbecue)
Most of our activities in 2020 were done online on social networks (Zoom, Facebook, YouTube and WhatsApp) because of lockdowns and social distancing restrictions and regulations. We were engaging with our members throughout the week with both spiritual and fun programs on zoom. We had teaching times, discussion times about the pandemic, quiz times and prayers for our members and online counselling during these troublous times. The church lost a member to COVID who also had an underlining illness. It was a time of grief and sorrow to the church as he was the head of our men’s team and a very loving brother.
During the COVID time, the pastor and a few members of the church decided to do the shopping for the elderly in our midst to prevent them going out of their homes since they are more liable to catch the disease than the younger ones. Shopping was done for them and left at their doorsteps for them to pick up.
## **The Word International Church**
24 Barfleur Lane London SE8 3DD
1
**Meeting Place** North Peckham Baptist Church East Surrey grove Peckham London SE16 6RD Chair of Trustees
Rev. Desmond Thomas
2
**The Word International Church**
## **Independent Examiner's Report to the Trustees and Members**
We report on the accounts of the Trust for the year ended 30 September 2020 which are set out on the annexed pages.
## **Respective Responsibilities of the Trustees and Examiner**
The Trustees of the Charity are responsible for the preparation of the accounts; and consider that the audit requirement of section 144(2) of the Charities Act 2011 does not apply and that an independent examination is needed. It is our responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- to follow the procedures specified in general Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act, and
- to state whether particular matters have come to our attention.
## **Basis of Independent Examiner's Report**
Our examination was carried out in accordance with general directions given by the Charity Commission. An examination includes 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 required in an audit, and consequently we do not express an audit opinion on the view given by the accounts and the report is limited to those matters set out in the statement below.
## **Independent Examiner's Statement**
In connection with our examination, no matter has come to our attention:
- 1) Which gives us reasonable cause to believe that in any material respect the requirements
- to keep accounting records in accordance with section 130 of the 2011 Act;
- and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met;
or
- 2) To which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## _**Raywin P-Cole & Co Ltd**_
_Chartered Certified Accountants ACCA Registered Firm 131 Tivoli Road, West Norwood London SE27 0EE_
30 July 2021
3
## **The Word International Church Statement of Financial Activities for the year ended 30 September 2020**
|**Incoming Resources**
Donations
Government grant
**_Total Incoming Resources_**
**Resources Expended**
**_Charitable activities_**
Mission Travel & Subsistence
Personnel Costs
Motor Expenses
Printing, stationery & postages
Community Mission
Overseas/Mission
Donations
Telephone & Fax
Church Rent & Rates
Development Programme
Depreciation
**_Governance costs_**
Accountancy
Legal & Professional Fees
Bank Charges
**_Total Resources Expended_**
**Net incoming resources**
Transfers between funds
**Net movement in funds**
**Total funds brought forward**
**_Total funds carried forward_**|**Notes**|**Unrestricted Restricted**
**Funds**
**Funds**
**2020**
**£**
**£**
**£**
29,956
1,461
31,417
-
6,014
6,014
**29,956**
**7,475**
**37,431**
1,812
-
1,812
7,084
6,014
13,098
590
-
590
964
964
1,590
-
1,590
1,680
-
1,680
650
175
825
245
-
245
1,925
-
1,925
2,992
-
2,992
999
-
999
**20,531**
**6,189**
**26,720**
300
-
300
649
-
649
31
-
31
**980**
**-**
**980**
**21,511**
**6,189**
**27,700**
**8,445**
**1,286**
**9,731**
(2,400)
2,400
-
**6,045**
**3,686**
**9,731**
5,379
6,330
11,709
**11,424**
**10,016**
**21,440**|**2019**
**£**
29,128
-|
|---|---|---|---|
||**1**
**6**
**1**
**2**
**1**|||
||||**29,128**|
||||1,293
12,046
180
978
930
1,863
-
-
3,673
2,615
375|
||||**23,953**|
||||250
169
-|
||||**419**|
|||||
||||**24,372**|
||||**4,756**
-|
||||**4,756**
6,953|
||||**11,709**|
4
**The Word International Church Balance Sheet as at 30 September 2020**
|**Notes**
**Fixed assets**
Tangible assets
**2**
**Current assets**
Debtors and prepayments
**3**
Cash at bank and in hand
**Creditors: amounts falling due**
**within one year**
**4**
**Net current assets**
**Net assets**
**Funds of the charity**
Unrestricted funds
Restricted funds
**_Total funds_**|**2020**
**£**
5,656
206
15,879
**16,085**
(300)
15,785
**21,440**
11,424
10,016
**21,440**|**2019**
**£**
2,117
206
9,587
**9,793**
(200)
9,593
**11,709**
5,379
6,330
**11,709**|**2019**
**£**
2,117
206
9,587
**9,793**
(200)
9,593
**11,709**
5,379
6,330
**11,709**|
|---|---|---|---|
|||||
||||**11,709**|
||||5,379
6,330|
||||**11,709**|
These financial statements were approved by the Trustees on 30 July 2021 & signed on their behalf by:
Pastor Desmond Thomas Trustee
5
**The Word International Church Notes to the Accounts for the year ended 30 September 2020**
## **1 Accounting policies**
## _**Basis of preparation**_
The Financial Statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities and Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities".
## _**Incoming resources**_
Unrestricted Income comprises donations and is recognised on receipt basis. Restricted Income relates to donations specifically raised for the purchase of land & buildings and is recognised on receipt basis. However, the donors have agreed that that once the primary purpose has been satisfied, any surplus funds remaining will be used for the running of the Charity's ordinary activities.
## _**Depreciation**_
Depreciation is provided at the following annual rates in order to write off each asset over it's estimated useful lives based on reducing balance method.
|Motor Vehicle|25%|
|---|---|
|Equipments|15%|
|Fixtrues & Fittings|20%|
## _**Resources Expended**_
## **Charitable Activities**
These comprise all expenditure directly relating to the objects of the Charity. Support costs are an integral part of the expenses incurred in carrying out those charitable activities, which the Charity was established to perform.
## _**Governance Costs**_
Governance costs comprise the costs of running the charity, including strategic planning for its future development, also includes accountancy & legal fees and all costs relating to consnstitutional and statutory compliance.
## _**Church Rent & Rates**_
At present we do not have our own property and restrictions are laid on us as to the use of the present property we are using so it is difficult to plan ahead. We are not under any fixed tenancy agreement and rent is raised at any given time. Our funds are limited at present and projects we would like to do with the youth in our community and with adults are at this time not feasible.
6
**The Word International Church Notes to the Accounts for the year ended 30 September 2020**
## **2 Tangible fixed assets**
|**Cost**
**At 1 October 2019**
Additions
**At 30 September 2020**
**Depreciation**
**At 1 October 2019**
Charge for the year
**At 30 September 2020**
**Net book value**
**At 30 September 2020**
**At 30 September 2019**
**3**
**Debtors and prepayments**
**Debtors**
Other taxes and social security costs
**Prepayments**
**4**
**Creditors: amounts falling due within one year**
Accountancy
**5**
**Analysis of net assets between funds**
Equipments
**Current assets**
Debtors & prepayments
Cash at bank and in hand
**Creditors: amounts falling due after one year**
**At 30 September 2020**|**Unrestricted**
**Funds**
**£**
5,656
5,656
206
5,863
6,069
(300)
**11,424**|**2020**
**£**
206
**206**
**-**
**206**
**2020**
**£**
300
**Restricted**
**Funds**
**£**
-
-
-
10,016
10,016
-
**10,016**|**Equipments**
**£**
3,735
4,537|
|---|---|---|---|
||||8,272|
||||1,618
998|
||||2,616|
||||5,656|
||||2,117|
||||**2019**
**£**
206|
||||**206**|
|||||
||||**-**|
|||||
||||**206**|
||||**2019**
**£**
200|
||||**Total**
**£**
5,656
5,656
206
15,879|
||||16,085
(300)|
||||**21,440**|
7
## **The Word International Church Notes to the Accounts for the year ended 30 September 2020**
## **6 Trustees Remuneration included in personnel costs**
Pastor Desmond Thomas was given an allowance as a full time minister. This including P.A.Y.E. & NI contributions paid over to HMRC amounted to £12,555. Other than that, no remuneration was paid to any of the trustees and their expenses also not borne by the Trust.
8