REGISTERED COMPANY NUMBER: 04473839 (England and Wales)
REGISTEFiED CHARITY NUkl8ER: 1164181
nau
Fin
ded 30 June 2
24
Argon & Kryptort Consulting Ltd
(Chartered Certifled Accountants & T&x Advisers)
Unli 6
Town Quay Wharf
Abbey Road
Barking
Essex
IGII 7BZ

Page
Report of the Trustees
Independent Examlner's Report
Statement of Financial Activities
Statement of Financial Position
6 to 7
Notes lo the Flnanclal Stalements
8 to 13
Detailed Statement of Financial Actiulties
14 to IS

Forth the Word Ltd
ort of th Tr
orthey
The trustees who are also dlrectors of the charity for the purpose5 of the Companles Act 2006, present
their report with the flnanclal statements of the charity for the year ended 30 June 2024. The trustees have
ado
ted the proulslons of A¢counlin9 and Reporting by Charities.. Statement of Recommended Practlce
app
icable to charitie5
appllcable In the UK an
Irepanng their accounts in accordance with the Financial Reportln9 Standard
Republic of Ireland IFRS 102) leffecllue l January 2019).
OBJECTIVES ANO ACTIVITIES
STRUCTURE. GOVERNANCE AND MANAGEMENT
Holding Forth the Word Ltd Ss a charltable company limited by guarantee. incorporated on 29 June 2002
and registered as a Charity on 30 October 2015. It is 9ouerned by it5 Memorandum and Articles of
Assoclation and is managed by a Board of Trustees. Decisions are determined b
the Trustees who sel the slrale
a simple majority vote of
Pastoral Management Team for
ic direction for the Charit Delegated author
he day-to-day runnlng of t
t has been gluen to the
e operatlons of th¢ ¥harlty.
OBJECTIVES ANO ACTIVITIES
The charlty's objects are..
. The aduancement of the Chrlstlan rell9lon for the publlc beneflt
2. The aduancement of Chrlstlan educatlon for the publlc benefll
3. The relief of pouerti by such means as the Trustees ma
of provldln9 food an
from tlme lo lime Ihink fll Including by mean5
thls oblectSve
clothltl9 to those In need worldwile and glvlng advlsory seruices towards achlevlng
4. The furtherance of such other purposes that are excluslvel charltable under the laujs of England and
Wales as the Trustees decide, In particular but not excluslvely
or the beneflt of Ihe
communlty In Mllton Keynes.
The or
primari
anlsatlon carrles out a wlde range of actltsltles In pursuance of Ils objects provldlng benellls
y lo members of the Church In the flrst Instance but to others also wllhin the local communlty
where the church Is sltuated. Th¢ operational base of the organlsalion Is at Holdlng Forth Chrlstlan Centre.
located on Bradwell Road. New Bradwell. Milton Keynes.
Pag¢ I

or
ort of the Tru
for the Year Ended 30 June 202
08JECTIVES ANO ACTIVITIES
ACHIEVEMENTS AND PERFORMANCE FOR THE PUBLIC BENEFIT
Church and Spiritual Focus
Our weekly church meetlngs r¢malned a focal polnt for the or9anlzatlon. W¢ contlnued to provld¢
systeTnalic Bible teaching and education and foslered deep Spirilual growth of members. associates and
attendees with a L)ieLLS to Instilling enduring Faith ualues. Durin
the year. Euan
elism continued to receive
prime attention and our weekly Friday prayer meetlng is still a
¢sir¢d and regu
ar f¢atur¢ among our base
communlty as a source of uerve, direction and purpose.
Pastoral Functions.
We
rovided a wide range of counselling and mentorin
support to members as well as others from wlthln
the
ocal communlty who. throu
h slgn-posting. seize
the op
ortunity. Our Men and Women fellou)shlp
group5 corilinued to function ef
ectivel all through Ihe year, t
ereby prouiding a plalforrn for lateral and
eer mentorin9. This we haue identifie
as a niche area of impact within our communit . The actiuities of
ese groups yielded significant personal and career deuelopment for many members
uring the
ear as
our people continued to make positiue life changing and enhancing decisions whlch move
them
progr¢ssly¢ly forLvard.
Christlan Education
Durlng the
ear, w¢ ¢xplor¢d and celebrat¢d the Im
ortance of "Legacy" both as a source of motlvallon
for Now an
as ¢vldence of quallty accompllshmentfs) In the Futurel As usual, s¢veral semlnars w¢re held
as part of our 'Life Impact. teachlng series. Attendances al many of these events were uery satisfaetor
and their ouerall benefits undeniable. Our resources and lacilitators were qualified professionals an
experts both from wlthln and where necessary from outslde our communlty.
Samarltan and Welfare Efforts
The charlty continue5 to prouide Inualuable flnanclal and malerlal as51slance to those In dlre need as can
be expected of a Christian or9anization. It Is our hope that we are Increasingly able to expand the
reachlscope and the beneficiaries of this essential obiectiue of ours.
STRUCTURE. GOVERNANCEAND MANAGEMENT
Governlng document
The charity is controlled b
its
ouerning document. a deed of trust. and constltutes a Ilmlted company,
Ilmlted by guarantee. as d¢¥. 2 by the Companies Act 2006.
Ine
Rlsk management
The trustees understand theSr duly and responslblllty to Idenllfy. lo reulew and to mltlgate rSsks - Internal
and ¢xlernal- to which th¢ ¢harily may be exposed lo which they ensure appro
to proulde reasonable assurance, for Inslance, a9alnst fraud. error and compl
rlal¢ controls are in place
ance wlth releuant health
and safety and Insurance laws.
REFEAENCEANO ADMINISTRATIVE OETAILS
Re9lstered Company number
04473839 {England and Wales)
Reglstered Charlty number
1164181
Re
Istered offlce
Ho
dlng Forth Chrlstlan Centre
8radw¢ll Road
New Bradwell
8uckin
hamshire
MK130
Trustees
Rev 0.0 Alala
Mr A O Adewuyi
Mr M A Olanrewaju
Dr A Vaughan
Page 2

oldi
ort of th Tr
st
or the Year Ended 30
REFERENCE AND ADMINISTRATIVE DETAILS
Company Secretary
Independent Examlner
Shola Makinwa MSC. FCCA. ACIT
Argon & Kry
ton Consulting Ltd
(Chartered lerlified Accountants S Tax Advisers)
Unlt 6
Town Quay Wharf
Abbey koad
Barklng
Essex
IGI17BZ
Thls report has been
repared In accordance wlth the special provlslons of Part 15 of the Companles Act
2006 reiallng lo smaPI companles.
Approued by order of Ihe board of trustees on 18 March 2025 and slgned on Its behalf by:
RevO.O AI
Trustee
Page 3

Independent Examiner's Report to the Trustees of Holding Forth the Word Ltd 

## **Independent examiner's report to the trustees of Holding Forth the Word Ltd ('the Company')** 

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2024. 

## **Responsibilities and basis of report** 

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). 

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. 

## **Independent examiner's statement** 

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Relevant professional body must be completed**, which is one of the listed bodies. 

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 

2. the accounts do not accord with those records; or 

3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or 

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 

## olusolamakinwa 

Shola Makinwa MSc. FCCA, ACIT Argon & Krypton Consulting Ltd (Chartered Certified Accountants & Tax Advisers) Unit 6 Town Quay Wharf Abbey Road Barking Essex IG11 7BZ 

18 March 2025 

Page 4 



Forth th Word L
tem
nt of Fin
Incor
or
forth Y
iuities
eandEx
O June 2024
Acc
30.6.24
Restrlcted
30.6.23
Total
Unrestrlcted
Total
fund
funds
funds
funds
Notes
INCOMEAND ENDOWMENTS FROM
Donations and legacies
Charltable actlvltles
Holding Forth Chrlstian Cenlre
Total
194.977
194.977
215.475
221,046
221.046
416.023
416.023
215,475
EXPENDITURE ON
Charltable actlvltS¢s
Church Actlvltles
120.113
120.113
128,368
Other
298.591
298.591
45.872
Total
18.704
418.704
174.240
NETINCOME/{EXPENDITURE)
{2.6811
{2.6811
41,235
RECONCILIATION OF FUNDS
Total funds brought forward
707,051
.370
768,421
727,186
TOTAL FUNDS CARRIED FORWARO
764,370
1,370
765.740
768,421
The noles forni part of these financi3151atcments
Page 5

30.6.24
Restricted
30.6.23
Total
Unrestrlcted
Total
fund
funds
funds
funds
Notes
FIXED ASSETS
Tangible assets
1.221.140
1.221,140
886,612
CURRENT ASSETS
Debtors
Cash at bank and in hand
21.838
5,724
21.838
7.094
21.755
286.785
1,370
27.562
1.370
28.932
308.540
CREDITORS
Amounts falling due within one year
178.564)
(78,5641
{6,573)
NET CURRENT ASSETS
151,002)
1,370
149.6321
301,967
TOTAL ASSETS LESS CURRENT LIABILITIES
1.170.138
1.370
1.171.508
1.188,579
CREDITORS
Amounts falling due after more than one
year
1405.768)
(405.768)
1420,1581
NET ASSETS
764.370
1.370
765,740
768,421
FUNDS
Unrestrlcted funds.,
General fund
Restricted funds..
Rebulld Prolecl
764,370
767.051
1.370
1.370
TOTAL FUNDS
765,740
768,421
The charltable company Is entltled to exemptlon from audlt under Sectlon 477 of the Companles Act 2006
for the year ended 30 Jurte 2024.
The members haue not requlred the company to obtaln an audit of Its financlal statements for the year
ended 30 June 2024 In accordance wlth Sectlon 476 of the Companies Act 2006.
The trustee5 acknowledge th¢ir r¢sponsibiliti¢s for
(a)
ensurin
Ihat the charitable company keep5 accounting records Ihal comply u)Ith Secllons 386 and
387oft
e Companies Act 2006and
Ibl preparing financial statements which glve a true and falr vlew of the stale ol affairs of the
charitable company as at the end of each financial year and of its sur
lus or def IcSt for each
flnanclal year In accordance with the requirements of Sections 394 and 3
5 and whlch olherwlse
compl
with the requirements of the Companies Act 2006 relating to financial statements. so far
as app
icable lo th¢ charitabl¢ company.
Thc notes fonn parf of these fillallci8151atemenls
Page 6
continued...

he Word Ltd
nt of Flnan
Thes¢ financial statements have been prepared in accordance with the proulsions applicable to charitable
companies subject to the small companies regime.
The financial statements were approued by the Board of Trustees and authorlsed for issue on
18 March 2025 and were signed on its behalf by=
Reu O.
Trustee
The nolcs forn) pan of these financial statcmcnts
Page 7

Lt
ACCOUNTING POLICIÉS
8asis of pr¢yarin9 the financial slatements
The flnancia
haue been
5tatemenls of the charitable company. which is a public benefit entity under FRS 102.
Charities..
Irepared in accordance with the Charities SORP IFRS 10?) 'Accounting and Reportlng by
tatement of Recommended Practice a
c¢ordance with the Financial Reporting Standar
plicable to charities preparln
their accounts In
lic of Ireland IFRS
1021 (effective l Januar
20191, Financial Reporting
Iplicable in Ihe UK and Repu
tandard 102 The Financial Reporting Standard
applicable in the UK an
Republic of Ireland. and the Companles Act 2006. The flnanclal statements
have been prepared under the historlcal cost conventlon.
Flnanclal reportlng standard102- reduced d15closure exemptlons
The charitable company has taken aduantage of the following disclosure exemption In preparlng
these financial statements. as
the UK and Republic of Irelan
ermitted by FRS 102'Th¢ Financial Reportlng Standard appllcabl¢ In
the requirements of Section 7 Statement of Cash Flows.
Income
All income Is reco
nlsed In the Slalement of Flnanclal Actlvltles once the charlly has entltlement to
the funds. it is protable that the income will be receiued and the amount can be measured rellably.
Expendlture
Llablllties are recognlsed as expenditure as soon a5 there Is a legal or constructive obllgatlon
commiltin
be require
the charity to that expenditure, it is probable that a transfer of economic benefits will
in settlement and the amount of the obligation can be measured reliably. Expenditure Is
accounted for on an accruals basls and has be¢n classified under headings that ag
regate all cost
related to the cat¢9ory. Where costs cannot be direcll allributed lo particular hea
been allocated to acllullles on a basls conslstenl with i
e use of resources.
ir495 they have
Grants offered sublect to condltlons which have not been met at the year end date are noted as a
commltment but nol accrued as expenditure.
Tanglble flxed assets
Depreciation is
rouided at the follouAng annual rates In order to wrlte off each assel ouer Its
estimated us¢fu
Taxatlon
The charSty Is exempt frorn corporatlon tax on Its charltable actlvltles.
Fund ac¢¢untln9
Unrestricted lunds can be used In accordance wlth the charltable obffiectlues at the dlscretlon of the
trustees.
Reslrlcled funds can only be used lor partlcular restrlcted purposes Lulthln the oblects of the
charity. Restrictions arise when speclfied by the donor or when funds are ralsed for partlcular
restrlcted purposes.
Further explanatlon of the nature and purpose of each fund Is Included In the notes to the flnanclal
statements.
Hlre purchase and leasin9 commitments
Renlalspaid under operating leases are charged to the Statement of Financial Actiuitles on a stralght
line basis ouer the period of the lease.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable
to the charitable company's pension scheme are charged to the Statement of Financial Activities Sn
the period lo whlch they relate.
Page 8
¢oniinued.--

Holdln
the Word Lt
ontl
ed30J
NET INCOMEI(EXPENOITURE)
Net income/{expenditurel is stated after charging/{credilingl:
30.6.24
30.6.23
Depreciation- owned assets
Copler Lease
4.347
5,795
135
TRUSTEES. REMUNERATION ANO BENEFITS
There were no trustees. remuneratlon or other beneflts for the year ended 30 June 2024 nor for the
year ended 30 June 2023.
Twst*es' expense$
There were no Irusttes. expenses pald for the year ended 30 June 2024 nor for the year ended
30 June 2023.
STAFF COSTS
The auerage monthly number of employees durlng the year was as folloLLIS:
30.6.24
Senlor Pastor 6 Admlnlstratlve Staff
30.6.23
No employees receiued emoluments In excess of £60.000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestrlcted
Total
Restrlcled
fund
funds
funds
INCOME AND ENOOWMENTS PROM
Donatlons and legacies
215.475
215,475
EXPENDITURE ON
Charltable actlultles
Church ActiLILtie$
128.368
128,368
Other
45.872
45.872
Total
174.240
174,240
NET INCOME
41.235
41.235
RECONCILIATION OF FUNDS
Total funds brought forLtsard
725,816
1.370
727,186
TOTAL FUNDS CARRIED FORWARD
767.051
.370
768.421
P2g¢ 9
contiTLUed...

Lt
TANGIBLE FIXED AssErs
Fixlures
and
fitting5
Freehold
pro
erty
Plant and
machinery
COST
At l Jul 2023
Freehoyd prop Additlon5
869,225
338,875
119.010
66.343
At 30 June 2024
1.208.100
119,010
66.343
DEPRECIATION
At l July 2023
Charge for year
112.571
1,610
60,634
1.4127
At 30 June 2024
62.061
NET BOOK VALUE
At 30 June 2024
1.208.100
4,829
4,282
AI 30 June 2023
869,225
6,439
5.709
Motor
vehicles
Computer
equl
ment
Totals
COST
Al l Jul 2023
Freeho
d prop Addltlons
23.664
18,308
1,096,550
338.875
AI 30 June 2024
23.664
18,308
1,435.4125
DEPRECIATION
Al l July 2023
Charge for year
19.452
1,053
17,281
257
209.938
4,347
At 30 June 2024
20.505
17.538
214,285
NET BOOK VALUE
At 30 June 2024
3,159
770
1,221,140
At 30 June 2023
4.212
1.027
886,612
Page 10
¢ontittued...

oldin
Word L
nanci
ded3
DEBTORS: AMOUNTS FALLING DUE WITHIN ONEYEAR
30.6.24
30.6.23
Account Recetvable
Prepayments
Recoverable Loans
14,425
39
7,374
14.342
39
7,374
21.838
21.755
CREDITORS: AMOUNTS FALLING DUEWITHIN ONEYEAR
30.6.24
30.6.23
Bank loans and ouerdrafts (see note101
Trade credltors
General Loan Account
Nest Pension
Soclal security and other taxes
Mercy MlnSstry
Accrued expenses
200
1.007
62,000
1.973
750
1,952
10.682
1,010
106
3.505
1,952
78,564
6.573
CRÉDITORSI AMOUNTS FALLING DVE AFTER MORE THAN ONE YEAR
30.6.24
30.6.23
Other loans {see note 101
405,768
420,158
io.
LOANS
An analysls of the maturlly of loans1$ 9lven below:
30.6.24
30.6.23
Amounts falllng due wlthln one year on demand:
8ank overdrafts
200
Amounts falllng due In more than flve years-
Repayable by Instalments:
Mortgage on HFCC
Bounce Back Loan
381.100
24.668
405.768
387,032
33.126
420,158
Pagell
conlinucd..

Note
to the Fln
for the Year Ended
MOVEMENT IN FUNDS
Net
motsement
in funds
At
3016124
At 117123
Unrestricted funds
General fund
707,051
{2.681)
764.370
Re5trlcted funds
Rebuild Project
1.370
1.370
TOTAL FUNDS
768.421
(2.681}
765.740
Net mouemenl In funds. Included In the above are as follows-
Incoming
resources
Resources
expended
Movement
in funds
Unrestrlcted funds
General fund
416.023
(418,704)
12,6811
TOTAL FUNDS
416,023
1418,7041
12,6811
Comparatlves for movement In funds
Net
mouemenl
In funds
At
3016123
At117122
Unrestrlcted funds
General fund
725.816
41,235
767,051
R¢$trlcted funds
Rebulld Project
1.370
,370
TOTAL FUNDS
727.186
41,235
768.421
ComparatSve net movement in funds. included in the above are as follows-
Incoming
Resourc¢s
resources
expended
Mouement
In funds
Unrestrlcted funds
General fund
215.475
1174,240)
41,235
TOTAL FUNOS
215.475
1174,2401
41,235
Page 12
¢onlinued...

orth t
ord Ltd
toth
e Year
on
June
11.
MOVEMENT IN FUNDS- contlnued
A current year 12 months and prlor year 12 months combined posltion is as follows:
Nel
mouement
in funds
At
3016124
At 117122
Unrestrl¢t¢d funds
General fund
725.810
38.554
764.370
R¢stricted funds
Rebuild Project
1.370
1.370
TOTAL FUNOS
727,186
38.554
765.740
A currenl year 12 months and prlor year 12 months comblned net movement In funds. Included In
the aboue are as folloU￿..
Incomlng
resources
Resources
expended
Movement
in funds
Unrestrl¢t¢d funds
General fund
631.498
(592.944)
38.554
TOTAL FUNDS
631.498
1592,9441
38,554
12.
RELATED PARTY DISCLOSURES
There were no related parly Iransactlons for the year ended 30 June 2024.
Page 13

Holdin
Forth the Word Ltd
30.6.24
30.6.23
INCOME ANO ENDOWMENTS
Donations and legacies
Tithes- Church
Offerinijs
Buildin
Fund Income
Cift Ai
Received
Other Ministry Income
Crulcble/Yes I Wlll
129.731
91,250
50,195
36.381
37,279
53,796
420
11,030
370
194.977
215,475
Charltabl¢ a¢tlvltles
Donation Ebenezer Proltct
221,046
Total In¢omln9 resour¢es
416.023
215.475
EXPENDITURE
ChaTltable actlultles
Wa9es- Department
Social Serulces Costs
Educatlon and Trainin
Summlt Sch of Leaders%ip W/Of
Telephone 6 Fax
Trauel & Subsistence
8ooks & Journals
Statlonerles & Postage
Other Charges
Licence,PermSts. Health&Safe¢y
Other Insurance
Hospltality & Other Travel
Pension Costs
Events
Entertalnment
Donatlon 6 Mlnlstry Support
Honorarlum
81,764
2.274
77,285
2,123
5,000
135
832
7,123
150
2.959
,219
7,123
213
1.826
1,000
2,509
3,310
500
2,400
847
489
429
2,867
5.854
1,605
2,579
4,650
500
105.485
114,197
othf r
Webslte/Onllne TV
Repairs/R¢nou•tion Cosls
Mort
Re
iage Intere51
rs Cleanlng 8 Others
utl
Bulldlng Insurance
Motoring Expenses
3.928
6,059
23.977
750
7,666
1,955
1,537
237,937
33,914
3,799
9,297
2,841
10.803
298.591
45.872
This pa8e doe5 not form part of the stalulory financial ￿atem￿lS
Page 14

in
for the Y
30.6.24
30.6.23
Su
ort co$t$
anagement
Plant and machinery
Fixtures and fittings
Motor uehicles
Computer equipment
1,610
1,427
1,053
257
2.146
1,903
1.404
342
4,347
5,795
Governance costs
Consultancy
Accountancy and Other Serulces
Bank Char
es
CredSt Car
Charges
3.106
1,705
2,285
3,185
2.730
2.610
10,281
8.376
Total resources ¢xpended
Net (expendlture)/lncom¢
418,704
174,240
12.6811
41,235
This pagt do¢s not part of ihe 51atulory financial statement5
Page 15