**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: - 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_ 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 4 **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. 7