**CHARITY REGISTRATION NUMBER 1160113**
The Word International Church
**Financial Statements For The Year Ended 30 September 2022**
## _**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 2022**
## **Contents**
||**Page**|
|---|---|
|Trustees Annual Report|1|
|Chartered Accountants' report|2|
|Statement of Financial Activities|3|
|Balance Sheet|4|
|Notes to the accounts|5 - 7|
## **The Word International Church**
## **Trustees Annual Report for the year ended 30th September 2022**
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.
Family life is key at The Word International Church. Every second Sunday is dedicated to family life and we call our special service every second Sunday of the month, ‘Friends and Family Sunday.” The sermons on those Sundays focuses on the Christian and his family life, community life and work life. We also have a Sunday School where the children in the church are taught Bible stories and morals are drawn from the stories teaching the fear and love for God, respect for God’s laws and from those in authority in the land and love and respect for one another.
Fasting and prayer we do from time to time in our Church. We believe in both its spiritual and health benefits. We deed one at the beginning of January 2022 and another from 27th June 2022 to 1st July 2022. It is a time of consecration, repentance and meditation to God. A time to ask God for forgiveness of all wrongs and to rededicate our lives to God to live a better Christ-like life before God and mankind. It Is a time to remind us to be helpful, charitable and respectful to our fellowman. The benefits of fasting was taught that it was not only a spiritual thing but intermittent fasting is also good for physical health.
The calendar continues with Mother’s Day on Sunday 27th March 2022. The Men organized Mother’s Day last year and this 2019. It was always a time to appreciate the mothers in the Church with gifts and testimonies from their husbands and children for all the things they did for their family that year. As a Church we appreciate motherhood and always celebrate it. It is part of our family life. After the Church celebration the mothers continue to be celebrated with dinners and other outdoor celebrations.
Easter was also celebrated last week in March until the 1st of April 2018. Celebrating our Lord’s resurrection and the passion week is a sacred time in our Christian Calendar. We celebrated Palm Sunday with Palms and hymns and spiritual songs. Good Friday and Easter Sunday was celebrated with hymns and the Holy Communion.
The Women’s Fellowship celebrated their Women’s Convention on the 7th & 8th of May 2022. The women of the church studied about women in the Bible and how they contributed to society and were influential in community life. They were encouraged to do the same. We hope to continue with our Men’s Group next year. Since our Men’s leader died due to COVID the men have not been able to come back together.
Our pastor made a mission’s trip to Sierra Leone to train our church leaders in Sierra Leone and another to Brazil for the same purpose. We are also a part of an umbrella Christian ministry called Multiply Leader’s Network. He joined them in conferences in Kenya, and Cape Town in South Africa.
We continue to save money for our building project and are still looking for a building which would be exclusively ours to do our charitable work. Our limited finance did not allowing us to do as much as we would like to do for our community but we hope to do much more in our next financial year.
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
Chair of Trustees
Rev. Desmond Thomas
1
**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 2022 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 2023
2
## **The Word International Church Statement of Financial Activities for the year ended 30 September 2022**
|**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
Welfare
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**
**2022**
**£**
**£**
**£**
39,191
53
39,244
1,479
-
1,479
**40,670**
**53**
**40,723**
159
-
159
26,521
-
26,521
1,370
-
1,370
-
-
210
-
210
1,368
-
1,368
476
-
476
874
-
874
-
-
-
4,920
-
4,920
499
-
499
700
-
700
1,181
-
1,181
**38,278**
**-**
**38,278**
400
-
400
770
-
770
-
-
-
**1,170**
**-**
**1,170**
**39,448**
**-**
**39,448**
**1,222**
**53**
**1,275**
(1,161)
1,161
-
**61**
**1,214**
**1,275**
11,555
11,841
23,396
**11,616**
**13,055**
**24,671**|**2021**
**£**
32,895
-|
|---|---|---|---|
||**1**
**6**
**1**
**2**
**1**|||
||||**32,895**|
||||25
17,061
2,075
253
1,564
1,998
910
490
205
2,650
1,795
-
1,238|
||||**30,264**|
||||300
369
6|
||||**675**|
|||||
||||**30,939**|
||||**1,956**
-|
||||**1,956**
21,440|
||||**23,396**|
3
**The Word International Church Balance Sheet as at 30 September 2022**
|**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_**|**2022**
**£**
6,689
2,004
16,378
**18,382**
(400)
17,982
**24,671**
11,616
13,055
**24,671**|**2021**
**£**
7,018
506
16,173
**16,679**
(300)
16,379
**23,396**
11,555
11,841
**23,396**|**2021**
**£**
7,018
506
16,173
**16,679**
(300)
16,379
**23,396**
11,555
11,841
**23,396**|
|---|---|---|---|
|||||
||||**23,396**|
||||11,555
11,841|
||||**23,396**|
These financial statements were approved by the Trustees on 30 July 2023 & signed on their behalf by:
Pastor Desmond Thomas Trustee
4
**The Word International Church Notes to the Accounts for the year ended 30 September 2022**
## **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.
5
**The Word International Church Notes to the Accounts for the year ended 30 September 2022**
## **2 Tangible fixed assets**
|**Cost**
**At 1 October 2021**
Additions
**At 30 September 2022**
**Depreciation**
**At 1 October 2021**
Charge for the year
**At 30 September 2022**
**Net book value**
**At 30 September 2022**
**At 30 September 2021**
**3**
**Debtors and prepayments**
**Debtors**
Sundry
Other taxes and social security costs
**Prepayments**
**4**
**Creditors: amounts falling due within one year**
Accountancy|**2022**
**£**
1,300
704
**2,004**
**-**
**2,004**
**2022**
**£**
400|**Equipments**
**£**
10,872
852|
|---|---|---|
|||11,724|
|||3,854
1,181|
|||5,035|
|||6,689|
|||7,018|
|||**2021**
**£**
300
206|
|||**506**|
||||
|||**-**|
||||
|||**506**|
|||**2021**
**£**
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 2022**|**Unrestricted**
**Funds**
**£**
6,689
6,689
2,004
4,308
6,312
(400)
**12,601**|**Restricted**
**Funds**
**£**
-
-
-
12,070
12,070
-
**12,070**|**Total**
**£**
6,689
6,689
2,004
16,378|
|---|---|---|---|
||||18,382
(400)|
||||**24,671**|
6
## **The Word International Church Notes to the Accounts for the year ended 30 September 2022**
## **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 £20,762. Pension contributions paid over to Pension Provider amounted to £1,659. 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.
7