CHARITY REGISTRATION NUMBER 1160113
The Word International Church
Financial Statements For The Year Ended 30 September 2023
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 2023
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 2023
Our Purposes remains the same in the advancement of Christianity here in the United Kingdom and abroad especially in the United Kingdom, Sierra Leone, Brazil and other countries abroad. Our mission is pastoral, evangelical, educational, advancement of health, the saving of lives, prevention or relief of poverty, social and recreational.
The Word International Church is committed to enabling families and individuals to become a part of our local fellowship and to help in the advancement of Christianity in other nations of our operations. As a Church we disciple our members to be involved in the daily life of the Church in evangelism, discipling one another and be a part of leadership of the church, and functioning in various activities in the church like, prayer meetings, media work, Sunday school etc. Christian growth is of primary importance to us. Through discipleship we seek to grow our members in to a Christ-like live of loving God, self-love and loving humanity indiscriminately. The Christ-like nature of living at peace with yourself, with one another and with our community and humanity at large. To live in joy, longsuffering and patience with one another. We continue and seek to help children and young people, the elderly, general public and humanity at large by provision of services, advocacy, advice/information and referral to other establishments who can help. Our work place is divided between North Peckham Baptist Church where we assembly and our online platforms where we minister to our congregation and the world at large. We also do overseas work.
Achievements and Performance
Worship and Prayer
The Word International Church are keen to offer a range of serves during the week and months to particularly meets our purpose in glorifying Christ through evangelism, discipleship, spiritual growth, growing into leadership, Church growth and purpose fulfilment of our members. This year we have been successful in welcoming more families and individuals in to our Church who we are now discipling and getting them involved in to the life of the church.
Friends and Family Service
Our Friends and Family Services have proven very successful. Through these services, marital problems had been solved, saving marriages, relationships had been built resulting in one of our members getting married this year. We have been able to reached bereaved members by supporting them through counselling, referring them to public services that can help them in such crucial time and helping to provide a befitting funeral for the deceased and their families.
Missions
We successfully planted a new Church in Rio de Janerio in Brazil, totalling three Churches now in Brazil. The other two are in Sao Paulo and João Pessoa. We have created a platform for our Church to plant churches in Ghana, Liberia and Kenya which we seek to pursue the coming year.
Church Complex
We continue using The North Peckham Baptist church, East Surrey Grove, Peckham SE15 as our place of worship and other meetings and 24 Barfleur Lane, London SE8 3DD as our registered address. We also have online services and prayer line services we offer our congregation.
Ecumenical Relationships
The Word International Church continues to be a member of The Evangelical Fellowship of England and Multiply International Christian Network. We fellowship together with other churches in these networks and make financial contributions to them. We are also a part of Thirtyone:8 a Safeguarding organisation where we benefit providing pastoral care for our children, young and old people to provide a safe space for them.
Volunteers
We would like to thank all our volunteers whose immense help has helped further the course of this charity including
The serving members of our administration this financial year includes: Reverend Desmond Thomas Chairman Reverend Mary Thomas Vice Chair person Elder Elizabeth Cole Trustee / Admin Minister Samuel Cole Trustee / Projects Deaconess Ajara Hanson Trustee / Finance
The Word International Church
24 Barfleur Lane London SE8 3DD
Meeting Place
North Peckham Baptist Church East Surrey grove Peckham London
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 2023 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
29 July 2024
2
The Word International Church Statement of Financial Activities for the year ended 30 September 2023
| 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 Welfare Depreciation Governance costs Accountancy Legal & Professional Fees Total Resources Expended Net (outgoing)/incoming resources Transfers between funds Net movement in funds Total funds brought forward Total funds carried forward |
Notes | Unrestricted Restricted Funds Funds 2023 £ £ £ 33,525 - 33,525 - - - 33,525 - 33,525 - - - 24,178 - 24,178 878 - 878 63 63 - - - 1,284 - 1,284 - - - 839 - 839 2,860 - 2,860 1,442 - 1,442 - - - 1,023 - 1,023 32,567 - 32,567 400 - 400 869 - 869 1,269 - 1,269 33,836 - 33,836 (311) - (311) (1,161) 1,161 - (1,472) 1,161 (311) 11,616 13,055 24,671 10,144 14,216 24,360 |
2022 £ 40,723 - |
|---|---|---|---|
| 1 6 1 2 1 |
|||
| 40,723 | |||
| 159 26,521 1,370 - 210 1,368 476 874 4,920 499 700 1,180 |
|||
| 38,277 | |||
| 400 770 |
|||
| 1,170 | |||
| 39,447 | |||
| 1,276 - |
|||
| 1,276 23,395 |
|||
| 24,671 |
3
The Word International Church Balance Sheet as at 30 September 2023
| 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 |
2023 £ 5,796 5,804 13,159 18,963 (400) 18,564 24,360 10,144 14,216 24,360 |
2022 £ 6,689 2,004 16,378 18,382 (400) 17,982 24,671 11,616 13,055 24,671 |
2022 £ 6,689 2,004 16,378 18,382 (400) 17,982 24,671 11,616 13,055 24,671 |
|---|---|---|---|
| 24,671 | |||
| 11,616 13,055 |
|||
| 24,671 |
These financial statements were approved by the Trustees on 29 July 2024 & 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 2023
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 2023
2 Tangible fixed assets
| Cost At 1 October 2022 Additions At 30 September 2023 Depreciation At 1 October 2022 Charge for the year At 30 September 2023 Net book value At 30 September 2023 At 30 September 2022 3 Debtors and prepayments Debtors Sundry Other taxes and social security costs Prepayments 4 Creditors: amounts falling due within one year Accountancy |
2023 £ 5,100 704 5,804 - 5,804 2023 £ 400 |
Equipments £ 11,724 130 |
|---|---|---|
| 11,854 | ||
| 5,035 1,023 |
||
| 6,058 | ||
| 5,796 | ||
| 6,689 | ||
| 2022 £ 1,300 704 |
||
| 2,004 | ||
| - | ||
| 2,004 | ||
| 2022 £ 400 |
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 2023 |
Unrestricted Funds £ 5,796 5,796 5,804 599 6,403 (400) 11,799 |
Restricted Funds £ - - - 12,560 12,560 - 12,560 |
Total £ 5,796 5,796 5,804 13,159 |
|---|---|---|---|
| 18,963 (400) |
|||
| 24,359 |
6
The Word International Church Notes to the Accounts for the year ended 30 September 2023
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 £22,320. Pension contributions paid over to Pension Provider amounted to £1,377. 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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