**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
1
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:
- 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 2022
3
## **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**|
4
**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
5
**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.
6
**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**|
7
## **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.
8