Charity Number: 1165420 WORD OF LIFE CHURCH LONDON REPORT & INCOME AND EXPENDITURE STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024
WORD OF LIFE CHURCH LONDON Reports and Accounts Contents Page Administrative Delwls Independent Examiner's report Trustees Report Slalemenl of Financial Activities Balance Sheet Notes to the Accounts
WORD OF LIFE CHURCH LONDON ADMINISTRATIVE DETAILS OF THE CHARITY AND ITS TRUSTEES CHARITY NUMBER: 1165420 Board of Trustees Kai Ngegba Mary Scoll Atta Asante Brobbey Principal office address The Chartwell Building Ground Floor 6145 Paulet Road, London SE5 9HW Accountants Nuama & Co Ltd 102 Slreatham Lane London SW16 6NR Bankers Lloyds Bank plc Naest Bank plc
WORD OF UFE CHURCH LONDON Report of Trustees The trustees present their report and accounts for the year ended 30 April 2024 The Trustees have adopted the provisions of the Statement of Recommended Practice (SORPI 'Accounling and Reporting by Charities {Revised 20051 in preparing the annual reF)Ort and fingncial statements of the charity. Objective of the charity as laid down by the Trust Deed The Core objects of the charity continue lo be.. To establish churches, ministries and community events To organise conventions, conferences and seminars To carry out missionary a¢livilies and To promote festivals, celebrations and exhibitions. REVIEW OF ACTIVITIES AND FUTURE DEVELOPMENTS THE FINANCIAL STATEMENTS The statement of financial activitS is sel out on page 6 of the financial slalemenls. Income Generation The main source of income is from lilhes, offerings and donations from members. Investm&nt Policy At present the Trustees have decided to leave all surplus funds in the account with their principal bankers. Fundraising Activities The charity ielies solely on contributions from ils members. The charty does not employ any professional fundraising bodies. Restrlcted Funds There are restricted funds operated by the charity. The restricted funds are soley for the purchase of church own building All other funds are available for use al the discretion of the Trustees
WOIID OF UFE CHURCH LONIMIN Reserves Policy The Trustees have decided lo spend as much money as possible on furthering the core objects of the charity whilst maintaining sufficient cash funds Io énsure the sustainability of the charity. To achieve this. the Trustees have decided lo maintain an amount in the bank account to cover al least a minimum of three months of normal expenditure in addition to any known additional expendrture. Rgview of charity activities The charity has continued to undertake aclivfties in line with its objedivos arKS has seen growth in giving lo ils work. Govemance and Internal Control Appointment of Twslees are done by the existing Trustees with consullalion ol the view of the chur¢h members as to trUsOrth1nesS of each person. Risk Assessment The Trustees consider the key operational. financial and slalegic risks that may heve a bearing on the aclivies of the charity. Suitable management information is available to the Trustees on a regular basis lo monitor these risks and allow any mitigating action lo be taken lo address them. Trustees, Responsibilities Charity law requires the Trustees to prepare financial Statements for each financial year which give true and fair view of the slate of affairs of the charily and of ils financial activities for the yaer. In preparartng those financial statements, the Trustees are requlre to.. 1 select suitable accounting policies and apply them consislantly., 2 make judgements and estimates that are reasonable and prudent., 3 stste whether applicable accounting standards and statements of recommended practice have been followed, subject lo any departures disclosed and explained in the financial statements.. 4 prepare the financial statements on the going concern basis unless it is inappropriate lo assume that the charity will nol continue in operation. The Trustees are reponsible for keeping accounting and financial records which disclose with reasonable a¢¢uracy al any time the financial position of the charity and lo enable them lo ensure that the finanGial slalemenls comply with the Charities Acts 1993. They are also responsible for safeguading the assesls of the charity and hence for taking reasonable steps for the prevention and detection of fru8d or other irregularities.
WORD OF LIFE CHURCH LONDON TRUSTEES STATEMENT The Trustees present their report and accounts lor the year ended 30th Aprtl 2024. Thè Tr8ulees have adopted the provisions of the slelemenl of recommedded practi ISORP) Accounting and Reporting by Charitie5 IRevised 20051 in preparing the annual report and financial statements of the Charity. The objective of the church as laid down by the Trust Deed , we continued our evangelistic activities lo enhance growth and expansion of World of Lile ChurGh vision and mission. Evangelistic handouts and flyers weremade uring Saturdays embarked ona personal wlnessing and sharing of flyers in the communitie5 such as Brixton Camberwell and Elephant & Castle areas. We also visit market places, shopping cenlres including street evangelism lo spread the good news of the Gospel and the love of Christ. As the core objectives of the charity continue lo be.. To establish churches, ministries and ¢ommunity events, to organise ¢onventions, conferences and seminars, lo carry out missionary activities and lo promote leslivals celebrations and exhibi(ions. We 8150 o¥ganised special programmes during the year where people were invited lo worship with us During the year the leadership decided to reorganise every department of the church for increase in church growth in align wth our mission and vision. During the period under review, the objective of the church was to demonslrale the love of God Ihhrough sharing the Gospel whilst continuing lo impact the community through the provision of services like,. After School Clubs, Music Lessons. Library and IT Literacy, preparing hol and cold foods, counselling for the youth and other bcal inilialives to fight gang crime and shooting among the youth. All these with the aim of promoting community Cohesion and pVentIng of Crime. In the past year, we have organised various church programmes in and outside the church mostly in the South of London, notably Brixton, Elephant & Cast, East Street, C8beell and Peckham. We also visit the lube stations and market places to win souls for Christ and for outreach programmes. We also organised our yearly flagship programmes during the year. These programmes are well attended 85 we invite people from far and near to come and withness the love of God. The programmes are.. Fire Conference Enough is Enough Conferen, Shiloh COnfence and End of Yaer Conference lo thank God for what He has done for us during the year. We also continued with our much Foved early morning broa¢asl programme:_ Commanding Your Morning" which is beamed across most of the social media mediums. It has been very encouraging as more and more people lune in listening across the world. Our goal is very simple, that is lo demonstrate the love of God through sharing the Gospel whilst continuing lo spread the Word of God Ihroughtoul the community. Word of Lrfe Church has various departments wich all work in collabration lo enchance the spiritual, physical and edu¢alionlal advancement of the church undertaken by the head p8slor and his team of ministers. The church organise training workshops foi volunteers and trustees of the church to be abreal with morden development in society to enable them carry out their duties effective. The Trustees and volunteers work eareslly to support the senior Pastor lo fulfil the divine calling place upon the church, to leach and educate the rnembers about oui Lord and Saviour Jesus Christ. The children department is growing from slrenghl lo slrenght due lo competent trained and qu81ified childcare workers. The children learn about God and society in general.
The Church is thankful for all the hard work of the senior Pasler, all the trustees, urshes, volunteers and the church members lor the lifting the name of G(xl higher during the pertod under review. Finalty all praise and honour belongs lo Almighl God. The report was approved by the Board on the 21 February 2025 and signed on its behave by Kai Ngeba Trusleweharm8
Independent Examinerfs Report to the Trustèes We report on the accounts of Word ol Life Church London for the year ended 30 April 2024 as set out on pages 6 10 10. Respective responsibilities of trustees and examlner The charity's Iruslees are responsible for the preparation of the aOnIS. The charity's Iruslees consider that an audit is not required for this year (under Section 144121 of the Charities Act 2011 Ilhe 2011 Act} and that an independent examination is required. Having salified ourselves that the charity is not subject to audit under company law and is eligible for independent exarninalion, it is my responsibility lo". 1 examine the accounts under Section 145 of the 2011 Act 2 to follow the procedures laid down in the General Directions given by the Charity Commission lunder Section 145151161 of the 2011 Acll.. and to stale whether partular matters have come to our attention. Basis of the Independent Examiner's Report Our examination was carried out in aecordance wf(h the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparision of the accounts, and seeking explanations from you as Iruslees concerning any such mallers. The procedures undertaken do not provide all the evidence that would be requred in an audit. and consequently no opinion is given as lo whether the accounts present a'lrue and fair vie and the report Is limited lo those matters sel out in the statements below. Independent Examlner's Statement In examination of the accounts, no matter has come lo our allenlion.. which gives us reasonable cause lo believe that, in any material respeGt the requirements lo keep accounting records in accordance with section 386 and 387 of the Companies Act 2006., and lo prepare accounts which accord with the accounting records comply with the accounting requirements of Seclign 394 and 395 of the Companies Act 2008., and with the methods and principles of the Accounting and Reporting by Ch8ritie5', Slalemenl of Recommended Pra¢liee applicabk to charities prep81ing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 leffeclive 1 January 20151 have not been mel., or lo which. in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Yaw Nuama Isenior Accounlanll for and on behalf of Nuama & Co Limited Chartered Certified Accountants 102 Milcham Lane London SW16 6NR
WORD OF UFE CHURCH LONDON STATEMENT OF FINANCIAL ACTIVITIES (INCOME AND EXPENDITURE ACCOUNTS FOR THE YEAR ENDED 30 April 2024 UNRESTRICTED FUNDS UNRESTRICTED FUNDS 2024 2023 NOTE INCOMING RESOURCES Tithes, offerings and similar income resources Investment income 300,319 409.425 TOTAL INCOMING RESOUCES 300,319 409.425 RESOURCES EXPENDED Charitable activities Governance costs 191.474 106,995 224.157 113.803 TOTAL RESOURCES EXPENDED 298,469 337,960 MOVEMENT IN TOTAL FUNDS FOR THE YEAR- NET INCOMEIEXPENDITUREI FOR THE YEAR 1,850 71,465 TOTAL FUNDS AS AT 30 April 2023 375,266 303.801 TOTAL FUNDS AS AT 1 May 2024 377,116 37S,266
WORD OF LIFE CHURCH LONDON BALANCE SHEET AS AT 30 April 2024 Notes 2023 2022 FIXED ASSETS TANGIBLE FIXED ASSETS 86,370 86,370 82,110 82,110 CURRENT ASSETS Dep0511s and Cash al Bank 308.805 318,258 318,258 LIABILITIES Creditors.. Ammounts falling due within one year 3,000 {1,5001 Net current assets 305,805 318,758 TOTAL ASSETS LESS CURRENT LIABILITIES 392.175 398,868 Creditors.. amount5 falling due after more than one year 115,0591 123,6021 CHARITY FUNDS Unreslricled funds 377,116 375,266 TOTAL FUNDSIIDEFICITSI 377.116 375,266 We approve these accounts whi¢h comprise the Receipts & Payments, Slalemenls of Assets & Liabilities and related notes. We acknowledge our responsibility for the accounts. including the appropriateness ol the acwunlin9 basis as set out in note 1, and for providing all the informalK)n and explanations necessary for their compilation. Da On behalf of the Charlty
WORD OF UFE CHURCH LONDON Profit And Loss Accounl For the year ended 30 April 2024 2024 2023 Income Tithe & offerings Gift Aid Gianl Partnership Building funds Total Income 286,144 340,790 15,462 8,395 5,780 16,957 36,216 300.319 409,425 Direct Charitsble Expenditure Children minislry Communion & Oil Hiring of Hall Honorarium Light & Healting Missions Music ministry Outreach Welfare 119 2,911 81,802 6,600 1,490 6,020 65,000 26,050 13,500 81.100 11.544 110,257 350 3,446 224.157 5,442 191,474 other Expenditure Expenses Accountants fees Bank charges Bookkeepings Cleaning Donations Depreciation Insurance Legal and professional Media Motor expenses Renl church house Stationery and printing Storage Telephone and fax Travel and subsistence Wages and salaries 1,500 2,285 1,500 2,850 809 500 33,647 50 817 6,100 28,586 142 3,530 10,917 26,400 5,055 2,010 939 10,382 14,575 477 28,400 2,829 1,680 460 6,883 27.475 106.995 113.803 Total expenditure 298,469 337,960 Surplusl{deficitl fund 1,850 71.465 Fund balance carried forward 1,850 71,465
WORD OF UFE CHURCH LONDON Notes to the financial statements for the year ended 30 April 2024 1 TANGIBLE FIXED ASSETS Furnitue, fitting and equipment Total 2 COST At 1 May 2023 Additions 182,470 20,889 182,470 37,908 17,019 As 30 April 2024 203,359 17,019 220,378 DEPRECIATION Al 1 May 2023 Charge for the year 100,360 30,245 100,360 33,648 3,403 As 30 April 2024 130,605 3,403 134,008 NET BOOK VALUE As 30 April 2023 72,754 13,616 86,370 As 30 April 2024 82,110 82,110 STATEMENT OF FUNDS BROUGHT FORWARD INCOMING RESOURCES RESOURCES CARRIED EXPENDITUREI FORWARD Unrestricted funds Restricted funds General funds 236,208 139,058 236,208 144,838 (3,930) 377,116 5,780 294,539 300,319 (298,469) {298,469} 375,266
WORD OF UFE CHURCH LONDON Notes to the Accounts for the year ended 30 April 2024 1 ACCOUNTING POLICIES Bas18 of aceounting The financial statetements are prepared in accordancs with applicable accounlirYJ stsndards using the Historical Cost Convention. The financial stat8t8ments reflect the requirements ol the rev15ed Stalernent ol Recommended Praclice"Ac¢ounling for Charibes ISORPI. Th8 Charity ¢omplied with bèst pr8Ctice al the time of preparing these accounts Tangible Fix8d A¥$ets All fixed assets are capitalised. The charge for (leplatiOn is calcxJl*ed to write off thè cost of the fixed assets OV8r their useful lives on the following bases.. Equipment 20Wts on the reducing balance GENERAL These Accounts have been prepared on the receipts and payments basis and in a¢cord81 applicable Accounting Standards and the Charitable SORP. Islalemenl of Recommended on Accounting by Chariliesl. Incomè 15 accounted for on accruals bssig. expt for donations, whieh ar8 credited when ceIVed These represents gifts, donations, tithes, offerings, pledges and bank interest given to the during the year. These represent amounts given to various individuals, organisations and other charitable injsts. Honorariurn to visiting speakers and rernittances for Missionary worf(. Expenditure All expenditure is accounted for on an a¢¢ruals basis. Resources expended on charitable actiwties comprise all the resour5 applied by the charity in undeerkating its work lo meet its charitablè objectives. These costs include the diiect costs of the ch8ritable activities wth those support costs incurred that enab18 these activiti8S to be undertaken. Expenditure on govemance costs are the costs incUd by the charity to op8rate and to generate the Information required for public acwuntabilty. Fund5 The Charity's funds are unSt¢td and are available for use at the discretion of the Board of Trustees. 8oard of Trnstees Reffluneration and expenses No remuneratson directly or Indirect5y out of the funds was paid or payable tts any of the Trustees for their dutses as trustees. 10