Charity Number: 1165420 WORD OF LIFE CHURCH LONDON REPORT & INCOME AND EXPENDITURE STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
WORD OF UFE CHURC41 LONDON Reports and Accounts Contents Page Administrative Details Independent Examiner's rèport TnJ$tees Report Statèment of Financial Activiti&s Balan¢e Sheet Notes lo the Accounts
WORD OF UFE CHURCH LOND(h ADMINISTRATIVE DETAILS OF THE CHARITY AND ITS TRUSTEES CHARITY NUMBER: 1165420 Board of Trustees Kai Ngegba Mary Scott Atta Asanle Brobbey Principal office address The Charlwell Building Ground Floor 61-65 Paulet Road, London SE5 9HW Accountants Nuama & Co Ltd 102 Strealham Lan London SW166NR Bankers Lloyds Bank plc Natwesl Bank plc
WORD OF LIFE CHURCH LONIKIN Rtport of Trustees The trustees presant their rèport and gwunts for the ygar ended 30 April 2025 The Trustees have adopted the provisions of the Statement ol Recornmended Praoti¢e ISORPI 'Accountillg and Reporting by Charities (Revised 20051 in preparing thè annual report and financial Statements of the ¢hartly. Objectivè of the charity as lald down by the Trust Deed The Core objects of the charity continue to ba.. To establish thurches, ministries and commL+nity events To organi5e conventions, conferences and seminars To ¢arry out missionary activities and To promote festwals, celebrations and exhibldons. REVIEW OF ACTIVITIES AND FUTURE DEVELOPMENTS THE FINANCIAL STATEMENTS The statemènt of finan¢ial activitiès is set out (>n page 6 of the financial statements. In¢ome Generation The main SLiurce of income is from tithes, offerings and donations frorn rnembers. Invo$tment Poli¢y At prgsent thè Trustees have decided to leave all surplus funds in the account with th&r prln¢ipal bankers. Fundraising Actlvltles The charity rèlies solely on contributions Irom its m6mbers. The charity does not employ any piofessional fundraising bodies. Rastrlcted Funds There are rastricted funds operated by the charity. The restricted funds are soley for the purchase of church own building All other funds are available for use at the diserelion of thè Trustees
WORD OF LIFE CHURCH LONDON Reserv88 Policy The Trustees have decided to spend as much money as possible on furthering the core objècts of the charity whilst maintaining guffi¢ient cssh fund5 to ensure the sustainability of the charity. To achieve this, the Trustees have decided to maintain an amount in the bank account lo cover at least a minimum of three months of normal expenditure in addition lo any known addltional expenditure. R&view of ¢harity activiti•s The charity has continued to undertake activities in line with tts objectives and has seen growth in gwing to its work. Governance and Internal Control Appointment of Trustees are done by the existing Trustees with ci)nsullalion of the view of the church members as to truSrth1neSS of each pèrson. Risk Assèssment The Trustees consider the key operational, finan¢lal and ststegic risks that May have a bearing on the activies ol the charity. Suitable management infc>rmation is av8ilable to the Trustees on a regular basis to monitor these risks and allow any miligatlng action lo be taken to address Ih8ri7. Trustees, Responslbllltles Charity law r8quires tha Trustees lo prepare financial ststements for each financlal year vthich give true and fair view of the slate of affairs of the charity and of its financial activllles lor the yaer. In pr•pararing those financlal statem¢nt8. the Trustees arè require to: 1 select suitable accoLJnting policies and appty them consistandy, 2 tllake judgements and estimates that are reasonable and prudent., 3 state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statem&nts' 4 prepare the financial statements on the going concern basig unless It Is inappropnate lo assume that the charity wll not continue in operation. The Trustees are reponsible ft)r keeping aooounting and fi'nancial records which disclose wth reasonable 8ccuracy at any lime the financial position of the charity and to enable thèrr lo ensure that the financial sialements comply wllh the Charities Acts 1993. They are also responsible for safeguading the assesls of the charity and hence for taking reasonable steps lor the prevention and detection of fruad or other irregularities.
WORD OF LIFE CHURCH LONDON TRUSTEES STATEMENT The Trustees present their report and accounts for the year ènded 30 April 2025. The Trsutee$ have adopted the provisions of the stelement of recommedded PractiTr ISORPI Accounting and Reporting by Charities (Revised 20051 in preparing the annual reFQrt and financial Statements of the Charity. The objective of the church as laid down by the Trust Deed , we continued our evangelistic acttvities to enhance orowth and expansion of Worfd ol Lrfe Church vision and mission. Evangelistic handouts and flyers w$remade during Saturdays èmbarked ona personal witnessing and sharing of flyer5 In the cornmunities such as Brixton Camberwell and Elephant & Castle areas. We also visit market plaTrs, shtspping centre5 including street vangelism to Spread the good news of the Gospel atm1 the love ol Christ. As the ¢ore objectives ol the charity continue lo be". To establish churches, ministries and community events. to organise ¢onventions, conferences and seminars, to carry out missionary activities and lo promote feStiVS celebrations and exhibllion5. We also organise(S special programmes during the year where people were invited lo worship with us. During the year the leadershlp decided to reorganisè every department of tha ¢hurch for increase in church growth in align wilh our mission and Msion. During period under review, the objective of the chur¢h was to demonstrate the love of God thhrough sh8ring the Gospel whilst continuing lo irnpact the community throuoh the provision tsf services like", After School Cltjbs, Music Lessons. Library and IT Literacy, préparing hot and cold foods, counselling for the youth and other local initiBtives lo fight gang crime and shooting among the youth. All these with the aim of promoting communty cohesion and preventing of crime. In the past year, we have organised various church programmes in and outside the ¢hurch mostly in the South of London, notably Brixton, Elephant & Castl8, East Street, Camberwell and Peckham. We also visit the tube stations and market pl8eès lo win souls for Christ and for outreach programmes. We also organised our yearly flagship programmes during the year. These progr8mmes are well attended as Wg Invlte people Irom far and ntrar to come and wthness the k)ve of God. The piogrammes arfj.. Fire Conferenca Enough is Enough Confer&n¢e, Shiloh Conference and End of Yaer conferen lo thank God for what He has done lor us during the year. W8 also continLJèd with our mueh loved earfy moming broadcast programme . 'Commandlng Your Morning" which Is beamed across rnost of the soryal media mediums. 11 has been very encouraging as more and more people tun8 in listening aeross the workl. Our 9oal is very simple, that is to demonstrate ihe love of God through shariro the Gospel whtlst c¢inlinuing to spread th6 Word of God ihroughtoul the communty. Wor(S of Life Church has various departments wich all work in collabratltsn lo ench8ncÈ the spiritual. physical and educationlal advancetnenl of the church undertaken by thè head pastor and his team of ministers. The church organise training workshops for volunteer5 and trustees ol the church to be 8breat with morden development in society to enable them carry out Ihair duties effectively. Thè TrLJStees and volunteers work earestly tts support the senior P85tor to fulfil the divine calling placg upon the church, to teach and educate the members about our Lord and Saviour Je5U5 Christ. The children departrnent Is growing from stienght to strenght due to competent trained and qualified ¢hildcare workers. The children leam about God and society In general.
Tha Church is thankful for all the hard work of the senior Paster, all the Iruslees, urshes, volunteers and the church members for the lifting the name of God higher during the period under review. FSnally 811 praise and honour belon9S to Almighl God. The report was approved by the Board on the 3 March 2026 and slgned on its behave by Kai Ngeba Trustee Chairman
Independont Examln•rfs Rgport to the Tru¥tees We r&port on the accounts of Word of Life Church London for the year ended 30 April 2025 as set out on pages 6 10 10. Respective responsibllitie5 of Iruste8s and •xamingr The charitys trustees are responsible for the preparation of the accounts. The ¢harills trustees consider that an audit 15 not required for this year lund6r Section 144121 of the Charities Act 2011 Ith8 2011 Act) and that an independent examination is required. Having salified ourselves that the charity is not subject to audit undor cLynpany law and is eligible for independent examination, it is my responsibility lo.. 1 6xamine the accounts under Section 145 of the 2011 Act 2 to follow the procedures laid down in the Gèneral Directlon$ gwen by the Charity Commission (under Se¢lion 145151161 of Ihe 2011 Acil.. and to slate ether particular matters have come to our attentn. Basis of the Independent Examinerfs Rèport Our èxamination was carried out in accordance wth the General Directions given by th& Charity Cornmission. An examination includes o rewew of the accounting records kept by the charlly and a comparision ol the accounts, and seeking explanations from you as trustees Concerning any such matters. The procedurès undertaken do not provlde all the evidence that would be requred in an udit, and consequently no opinion is given as lo whether the accounts present a 'lrue and lair view, and the rewt is limited to those maiters set out in the statements below. Indepond•nt Examin•rfs Statem¢nt In examination of the accounts, no maller has come lo our attentiL)n.' which gives us reasonable cause to beligva that, in any mal&ri81 respect the requiretnents to keep accounting records in accordancè wth section 386 and 387 01 the Companies Act 2006,. and to prepare accounts which accord with the accounting records comply with the accountin9 requirements of Section 394 and 395 01 the Corrpanies Ael 2006- and with Ihe methods and principles of the Aecountiry and Reporting by Charities,. Statement of Recommended Practice applicable to chaiities preparing their 3ccounts in acrdanCe wth the Financial Reporting Siandard applicable in the UK and Republic of Ireland IFRS1021 leffeclive 1 January 20151 have not been met., or lo vA)ich. in our opinion, attents'on should bg drawn in order to enable a prop¢r understanding of the accounts lo be reached. Yaw Nuama (Senior A¢¢ountantl for and on bèhalf of Nuama & Co Limitéd Chartered Certified Accountsnls 102 Mitcham Lane London SW16 6NR
WORD OF UFE CHURCH LONIKIN STATEMENT OF FINANCIAL ACTIVITIES (INCOME AND EXPENDITURE ACCOUNTS) FOR THE YEAR ENDED 30 Aprll 2024 UNRESTRICTED FUNOS UNRESTRICTED FUNDS 2025 2024 NOTE INCOMING RESOURCES Tithes. offerings and similar income resources Investrnenl income 292.745 409,425 TOTAL INCOMING RESOUCES 292,745 409,425 RESOURCES EXPENDED Charitable activities Governance costs 198.521 128.$46 224,157 113,803 TOTAL RESOURCES EXPENDED 327,067 337,960 MOVEMENT IN TOTAL FUNDS FOR THE YEAR- NET INCOMEIEXPENDITUREI FOR THE YEAR {34.3221 71.465 TOTAL FUNDS AS AT 30 April 2024 375,266 303,801 TOTAL FUNDS AS AT 1 May 2025 340,944 375,266
WORD OF LIFE CHURCH LONDON BALANCE SHEET AS AT 30 April 2025 Notes 202S 2024 FIXED ASSETS TANGIBLE FIXED ASSETS 90,224 90,224 86,370 86,370 CURRENT ASSETS Deposits and Cash at Bank 262,236 262,236 308,805 308.805 LIABILITIES Creditors.. Ammounts falling due within one year 3,0011 3,0001 Net current assets 259,235 305,805 TOTAL ASSETS LESS CURRENT LIABILITIES 349,459 392,175 Creditors.. amounts f811ing due after more than one year 16.7161 115,0591 CHARITY FUNDS Unreslricled funds 342,743 377,116 TOTAL FUNDSIIDEFICITSI 342.743 377.116 We approve these accounts which ¢omprise the Receipts & Paymènts. Slalgmenls of Assets & Liabilities and related notes. We acknowledge our responsibility for the acGounts, including the appropriateness of the aceounling basis as sel OLJt in note 1, and for providing all the information and explanations necessary for their compilation. J/3/2 Truste Dated Trustee Dated On behalf of the Charlty
WORD OF UFE CHURCH LONIKIN Profil And Loss Account For the year ended 30 April 2025 2025 2024 In¢om Tithe & offerings Gfft Aid Partnership Building funds Total income 280.796 3,393 5,765 2,791 286,144 8,395 5,780 292,745 300,319 Direct Charitable Expanditure Children mlnislry Communion & Oil Hiring of Hall Honorarium Missions Music ministry Outreach Welfaro 655 1,451 72,000 29,800 6,350 78,223 8,960 1,082 198,521 119 2,911 81.802 6,600 13.500 81,100 5,442 191,474 Othèr Expenditure Expense$ Accountants fees Bank charges Books Cleaning Donations Depreciation Insurance Legal and prof8S5ional Motor expenses Rent church house Repairs & maintenance Slalionery and printing Storage Telephone and fax Travel and subsistence Wages and salaries 1,500 2,683 150 885 1,050 33.647 1,500 2,285 809 500 33,647 50 1,500 18.465 28,800 1,280 2,935 1,870 443 299 33,039 477 28.400 2,829 1,680 460 6,883 27,475 128,546 106,995 Total expenditure 327,067 298,469 Surplusl{deficitl fund 34,322 1,850 Fund balance carried forward 34,322 1.850
WORD OF UFE CIIURIXI LONDON Notes to the ftnancial statements for the year ended 30 April 2025 1 TANGIBLE FIXED ASSETS Furnilue, fitting Vehicle and equipment Total 2 COST Al 1 May 2024 Additions 203,359 37,500 17,019 14,146 220,378 51,646 As 30 April 2025 240,859 31,165 272,024 DEPRECIATION Al 1 May 2024 Charge for the year 130,604 30,244 1,549 3,403 132,153 33,647 As 30 April 2025 160,848 4,952 165.800 NET BOOK VALUE As 30 April 2025 80,011 10,213 90.224 As 30 April 2024 72,755 13,616 86,371 STATEMENT OF FUNDS BROUGHT FORWARD INCOMING RESOURCES CARRIED EXPENDITUREIFORWARD RESOURCES Unrestricted funds Restricted funds General funds 232,228 144,838 232,228 147,629 37,1141 342,743 2,791 289.955 292,746 {327,069) 327,069 377,066
IVORD OF UFE CHURUI LONDON Notes to the Accounts for the year ended 30 April 2025 1 ACCOUNTING POLICIES Bas1$ of 8c¢ounting Th8 finan¢i818t8teternents are ppared in accordan¢• with applicable a¢¢ounting standards using the Historical C051 Convention. The financial statelements reflgct Ihe quIrementS of the revised S181etnenl of Recomrnended Practs"¢e 'Accountlng for Chantle5' ISORPI The Charity compliéd wth b881 practice al the lime of parIng these accoun15. Tangible Fixed Assèts fixed èssets are capitalised. Th* charge for depreciation is calculalgd lo write off th¢ cost of IhÈ fixed assets overtheir useful lives on the followin9 ba565'. Eouipment 20% on the redueing balance GENERAL Th058 Accounts have beÈn prepar&d on the receipts and p8yments ba8[8 and in accordan with appli¢able Accounting Standards and the Charitabl& SORP. Islat8mènl of Recommended Practice on knounknng by Charities). Ir0 Incotne is accounted for on a¢Cral8 basis, except for donation5, which are credited when r8eeived These represent5 grfts. donations, lithes, offerings, pledges and bank interest given lo the Charity during th& year. 2 ¢haritab16 Donations & Glfts to Misslons These represent arrK)unts given to various individuals, organi5ation8 and olher charllable Iru51s. Honorarium to visiting speakers and r6mlttar8s for missionary work. Expendlture l expenditu is accounted for on an a¢¢rual8 basis. Resources $xp¢nd6d on ¢haritsble aclmtses comprise all the resources applied by the charity in undeerkaling its work to meet its charilable objective8. Thése costs indud$ the direct Costs of the Gharitable aclivllles th those supwrt costs incurred thai enable these activities lo be undertaken. ExndrtUre on govemance costs are the costs In¢urr8d by the Charity to operate and to generate the information requir8¢t for public accountstNlity. Fund$ The charfvs funds are unrestricted and are availae for use at the dISttIOn of th& Boar(l of Trustees. Board of Trustoès R•muneraOn ond expanses No r8muneraiion direcyy or indir8cUy out of the funds wa5 paid or payabla to any of the Trustees for their duties as trustee5. 10