CHARITY REGISTRATION NUMBER 1160113
The Word International Church
Financial Statements For The Year Ended 30 September 2021
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 2021
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 2021
The Word International Church continue to maintain its Objectives in the spread of the Christian faith at home here in the UK and abroad. We also continue to work in our local community by meeting the immediate needs we can within our limited funding and also limited accessibility to a building space to perform our functions.
We have it in our plan to do more as our finances increase and able to have access to our own venue where we can readily perform our functions with ease. To achieve this, we have been in touch with our local councilor asking for Council rented D1 properties and also seeking the possibilities for them building us a D1 property within one of their development projects which we can mortgage.
We have also approached funding agencies that fund Charities to continue with our objects. We have been successful with one which sponsored us in buying a new powered amplifier and cordless microphones for our Church meetings. Other funding Charities are willing to support us with Church equipment like chairs, kitchen wares, office equipment etc. if we have our own property. We are looking forward fulfilling this by the grace of God.
Programs
1. Regular Church Activities
We did not do regular church activities at this particular time being that we were at the heart of the COVID pandemic. However our online presence on zoom intensifies. We were meeting nearly every day on zoom both for religious and social meetings. As many were at home because of the various lockdowns we had, we took this time to engage our members in prayer, Bible Studies, and having fun time like having quizzes and discussion moments on the pandemic. We did history, geography, political and social quizzes on zoom and held discussions about biblical end time events and discussions about covid vaccines etc. It was a profitable time for every member. We had both spiritual and social time together online. It was an educational time for us to listen to experts in the field of influenzas to give us an understanding on pandemics and vaccinations. Our online Church membership grew during the lockdown.
2. Missions
Our Missionary activities was nil at this present time. We are not also able to do visits as we were very protective of our elderly adults and vulnerable in our midst casting the virus. However our Pastor, Rev. Desmond Thomas made it his personal assignment to go out and do the shopping for our elderly in the Church. He will do their shopping for them to prevent them from going out and the possibility of catching the virus and drop their shopping at their doorsteps for them. This helped the vulnerable in our Church group very much. We also thought about applying for lottery funds to feed the elderly in our community. We refrained from doing it because we lacked the manpower to do the food distribution. Our Churches in Sierra Leone had series of lockdowns at this time. They suffered a lot of poverty and we had to support them in helping them with money for food supplies at the moments when they had their lockdown. Our Churches in Brazil were mostly hit by the pandemic as the country suffered many deaths at this time.
3. Women’s & Men’s Group
The women and men’s group did not function as a group at this time. We lost our men’s leader to the pandemic at this time which caused much grief to the Church.
Vision 2020 - 2021
This time was a very bleak time in the history of our world. All we had planned at this time was for to do online training of our leaders. We had hope that this will all come to an end but we did not know when. We decided to prepare our leadership for “after the pandemic”. We thought that by preparing leadership for the Charity, we will be building a foundation for growth in the future. During this time we trained 14 leaders to lead in various departments of the Church whilst we look forward to the future of our ministry. Faithfully submitted. Deaconess Elizabeth Cole Secretary Rev. Desmond Thomas Chairman
The Word International Church
24 Barfleur Lane London SE8 3DD
Meeting Place
North Peckham Baptist Church East Surrey grove Peckham London SE16 6RD
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Chair of Trustees Rev. Desmond Thorna5
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 2021 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:
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examine the accounts under section 145 of the 2011 Act;
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to follow the procedures specified in general Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act, and
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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:
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1) Which gives us reasonable cause to believe that in any material respect the requirements
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to keep accounting records in accordance with section 130 of the 2011 Act;
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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 2022
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The Word International Church Statement of Financial Activities for the year ended 30 September 2021
| 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 Light & Heat 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 2021 £ £ £ 22,668 615 23,283 9,612 - 9,612 32,280 615 32,895 25 - 25 17,061 - 17,061 2,075 - 2,075 253 253 1,564 - 1,564 1,998 - 1,998 910 - 910 490 - 490 205 - 205 2,650 - 2,650 1,795 - 1,795 1,238 - 1,238 30,264 - 30,264 300 - 300 369 - 369 6 - 6 675 - 675 30,939 - 30,939 1,341 615 1,956 (1,210) 1,210 - 131 1,825 1,956 11,424 10,016 21,440 11,555 11,841 23,396 |
2020 £ 37,431 - |
|---|---|---|---|
| 1 6 1 2 1 |
|||
| 37,431 | |||
| 1,812 13,098 590 964 1,590 1,680 825 245 - 1,925 2,992 999 |
|||
| 26,720 | |||
| 300 649 31 |
|||
| 980 | |||
| 27,700 | |||
| 9,731 - |
|||
| 9,731 11,709 |
|||
| 21,440 |
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The Word International Church Balance Sheet as at 30 September 2021
| 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 |
2021 £ 7,018 506 16,173 16,679 (300) 16,379 23,396 11,555 11,841 23,396 |
2020 £ 5,656 206 15,879 16,085 (300) 15,785 21,440 11,424 10,016 21,440 |
2020 £ 5,656 206 15,879 16,085 (300) 15,785 21,440 11,424 10,016 21,440 |
|---|---|---|---|
| 21,440 | |||
| 11,424 10,016 |
|||
| 21,440 |
These financial statements were approved by the Trustees on 30 July 2022 & signed on their behalf by:
Pastor Desmond Thomas Trustee
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The Word International Church Notes to the Accounts for the year ended 30 September 2021
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.
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The Word International Church Notes to the Accounts for the year ended 30 September 2021
2 Tangible fixed assets
| Cost At 1 October 2020 Additions At 30 September 2021 Depreciation At 1 October 2020 Charge for the year At 30 September 2021 Net book value At 30 September 2021 At 30 September 2020 3 Debtors and prepayments Debtors Sundry Other taxes and social security costs Prepayments 4 Creditors: amounts falling due within one year Accountancy |
2021 £ 300 206 506 - 506 2021 £ 300 |
Equipments £ 8,272 2,600 |
|---|---|---|
| 10,872 | ||
| 2,616 1,238 |
||
| 3,854 | ||
| 7,018 | ||
| 5,656 | ||
| 2020 £ - 206 |
||
| 206 | ||
| - | ||
| 206 | ||
| 2020 £ 300 |
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 2021 |
Unrestricted Funds £ 7,018 7,018 506 4,332 4,838 (300) 11,555 |
Restricted Funds £ - - - 11,841 11,841 - 11,841 |
Total £ 7,018 7,018 506 16,173 |
|---|---|---|---|
| 16,679 (300) |
|||
| 23,396 |
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The Word International Church Notes to the Accounts for the year ended 30 September 2021
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 £14,200. Pension contributions paid over to Pension Provider amounted to £748. Other than that, no remuneration was paid to any of the trustees and their expenses also not borne by the Trust. The remainder of the personnel cost represents allowance given to part-time support staff.
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