COMPANY REGISTRATION NUMBER: CE008837 Word Of Life Celebration Centre Financial Statements 28 February 2025 CHARITY REGISTRATION NUMBER: 1168912 RM ACCOUNTANCY SERVICES Chartered Accountants & certified accountant Castle Cavendlsh Wort(s Nottingham NG7 5PN
Word Of Llfe Celebratlon Centre Financlal Statements Year ended 28 February 2025 Page Ref8renc8 and administrative details Trustees, Report Trustees, responsibilities statement Independent auditorfs report to the members Statement of finanGial aGtivlties Income and exPerLtUre account Balance sh8Ot Notes to the accounts 8-11 Thè following pages do not fomi part of the financial statements Detalled statement of financial activiti8S 12
Word Of Life Celebration Centre REFERENCE AND ADMINISTRATIVE DEfAILS Year ended 28 February 2025 Th8 trustees, who are a150 th8 diroctors for the purposes of company law, present their report and the financial slatemonts of thg charity for Iho year endgd 28 FebNary 2025. Reference and admlnlstratlve d&talls Reglstsred charlty namg Word Of Life Celebration C6ntr8 Charlty roglstratlon numbor 1168912 Company regl$tratlon number CE008637 Prlnclpal offlco 23 Frobisher Gardells Nottingham Nottinghamthire NGS 6Er The trustees The Ste¢S who S¢ed the charity during the period were ag follows: Dr Charles DanNin Mr Mark Joseph Mr Paullne Josaph Dr Ser8h Ak&lola Mr Grac8 Wanjlru Mbugua Independent Exarnlner RM Aceounl'ancy Services Cbartered Accoutttants & ¢¢rtifi¢d accouThtant Castle C&v¢ndisb Works Nottingham NG7 5PN
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Word Of Llfe Celebratlon Centre Independent Auditorfs Report to the Members of Word Of Llfe Celebratlon Centre Year ended 28 February 2025 I report to the twstee on my 9xamin811on of the awounts of Word Of Llfe Celebrallon Centre for the ye8r ended 28 February 2Q25. Rèsponsibilities and basis of report As tho charity Iruslee of Word Of Life Celebration Contre you are responsible for the preparation of the accounts in accordan¢o with thg requirements of the Charities Act 2011 ('Ihe Act,). I report in respect of My examination of the Word Of Life Celebration Cenlre's aocounts carried out under section 145 of the 2011 Act and In carrying out my examination I have followed all th6 applicable Direotlons glven by the Charlty Commission under section 145(51(b} of th8 Act. Indapèndènt 8xaminérfs slatément I have comp18t8d my 8xamination. I confirm that no rnat8rlal mattérs have come to my allention In connection with the examination giving me cau88 lo believ8 that in any matarlal respact: 1. accounting records w8r6 not kapt In respect of Word Of Llfe Colobratlon Centra as raqulrad by sol0n 130 of tha Acl; or 2. th8 accounts do not accord wlth thosa r8cords', or 3. tha accounts do not comply wlth the accounllng requir8mènts conceming the form and content of accounts set out In the Charfties (Accounts and Reports) Regulallons 2008 other than any requirement that the accounts give a 'true and fair view, whlch Is not a matter consldered as part of an Independent examlnatton. I have no concerns and have come across no other matters in connethn with the examination lo which attention should be drawn in this report in order lo engble a proper understanding of the accounts to be reached. RM ACCOUWANCY SERVICES Charterad Accountants & carllflad accountant Castle Cavendlsh Works Nottingham NG7 SPN Our audit was Mpleted on.....,.............,.... and our opinion was expressed atthal dale,
Word Of Life Celebration Centre Statement of Flnancial Actlvltles Year ended 28 February 2025 2025 Unrestrlcted funds Total lunds Total funds 2024 Note Income and endowm8nt8 Donatlons and lègaclés Total In¢om• 38,454 38,454 38,454 38,454 38,458 38,458 Expendlture Fundraising Iradlng,, cost of goods sold and other costs 34.502 34,502 10.613 10,613 Total expenditur8 34,502 34,502 Net Income and net movement In funds 3.952 3,952 27.845 ROn¢111a¢lon of funds Total funds brought forward Total funds carrlad forward 115,578 119.530 115,578 119,530 87.733 115,578 The statement of flnanclal acllvltles Inciudes all galns and losses recognlsed In the year. All income and expenditure derlve from contlnulng actlvtttes. The notas on pagos 11 to 17 fomi part of thèsè finanelal statamènts.
Wtrid 01 Llto flvl>mllvii Leiilr IIFO 114,617 5h7$ 110,& It¢Mb •nKMnh tilljno duth on• yt•p riuiY•rkl •$ll 2GI I lo, fG3 tIS,SY8 269,Ilil ¢ttdltér; Illiount l&NIii# du• Allr mgr¢ oft•y tf $.$76 Pund th• ohlrfty lJftr•itslclod luThds 115,578 11S,&T la ¢11,6# 1$ wAro 4pwo ty Ih) fflembers of Ih? ¢Ottt¢# and aUlIrfled ftir IsEue on Ih? . and are $lonAd an I r¢harte company Regislratrn Numljir. ¢EQQ8$37
Word Of Llfe Celebration Centre Income and expendlture account Year ended 28 February 2025 2025 Unrestrictad fiJnd8 Total funds Total funds 2024 Noto Income and endowm6nts Donations and legacies Total Incomè 38.454 38,454 38,454 38,454 38,458 38,458 Expendlturg Fundralslng tradlng: cost of good8 sold and other costs 34,502 34.502 34,502 34,502 10,613 10,613 Total expendlture RETAINED SURPLUS FOR THE FINANCIAL PERIOD 3,952 3,952 27,845 The Income and Expenditure Account includes all galns and losses In the year and therefor8 a statement of total recognised gains and losses has not been prepared. All of the above amounts relate to continuing activit16S.
Word Of Life Celebration Centre Notes to the Financial Statoments Year ended 28 February 2025 Accounting policies statemonl of ¢ompllancg Th8 financial statemènts have bn prepared ln accordance wllh th8 $8cond gdilion of the Charftt8s Slalemenl of Recommendod Practice1s8ued In October 2019, the Flnanclal Roporting Standar(l applicabl& In the United TrQngdom and Republic of Ir61and IFRS 1021 and the Char1ti68 Act2011. Ba81s of preparatlon Word Of Llf8 C816bratton Centr8 m88ts th8 d8flnltlon of a publlc b8n8flt 8niliy und8r FRS 102. The accounts (financial statements) hav8 been prepared und8r the historical cost conventlon with 118ms recognised at cost or transaction valua unlass olharwlsa staled In tha relevant nolg(s} lo thesa accounts. Exemptlon from preparlng a ¢ash flow statement The charlty opted lo early adopl Bullelln 1 publlshed on 2 February 2016 and have therefore not Included a cash flow slalemenl In these flnandal statements. Going concgrn The Irusto6 considered that thsra ar8 no mat6rlal uncartalntles aboLrt the charivs ablllty to )ntlnu8 as a golng concern. Ineome and endowments Voluntary Income Includlng donatlons. glft8, lega¢Ses and grants that provlde core funding or are of a general nature Is recognlsed when the charlty has entitlement lo the Income, 51 E8 probable that tho Incomg wlll be recalved and thg amount can be measur&d wlth suffl¢iant roliabillty. Donations and lega¢ie8 Donations and legacies are re¢ognised on a receivable basis when receipt is probable and the amount can be reliably measured. Expendlture All expenditure is recognised once there is a18g81 or ccnslructive obligation to that expenditure. it is probable settlement is required and th8 amount can b8 measur@d reliably. All costs are allocated lo the applicable expenditure heading that aggregate similar costs to that category. Where c08ts cannot be directly attribut8d to particular heading8 th8y have b8en allocated on a basis consistent with th8 use of re8ource8, with central staff costs allocated on the basi8 of time spent, and dopreclatlon charges altocaléd on the portlcn of the asset's usa. Other support costs are allocated based on the spread of staff costs. Raising fund5 Thes8 are costs incurr8d in atlractlro voluntary incorna, tha manay8ment of investmants and those Incurr in trading activities that raisa funds. Support C<ts Support costs inrlude Celltr fimctions and have been allo¢&t¢d to activity cost catsgories on a basis ¢onsistenl witli the u8e of rewur¢es, foi. example, allocating property costs by floor aree8, OT p¢r pita, staff ¢osts by th¢ tirn¢ spent and other costs by their usa8¢.
Word Of Life Celebration Centre Notes to the Flnanclal Statements (¢ontlmu•d) Year ended 28 February 2025 Accountlng pollcla8 (continugd) Goveman¢e Costs These include the cosis attributable tc the charlty complian(x wllh (>)nstltutional and slalulory reqU1Ments, Including audit. strategic management and Iruslee's meeting5 and reirnbuT5ed expenses. Taxation The oharlty Is considered to pass the tasts sel out in paragraph 1 schedule 6 of the financ8 act 2010 and Iherafore it meets th8 deflnltion of a charltable company for UK corporallon lax purpcses. Accordlngly, the charlly Is potenllally exempl from taxallon In respect of income or capital gains re¢elved wlthln ¢ategorfes ¢overed by chapter 3 part 11 of the corporalion lax a¢1 2010 or sectlon 256 of the taxallon of chargeable galns act 1992, to the extenl that such Income or gains are applled exclusively to charitsble purposes, Cash and cash equivalents Cash and ¢ash equivalents comprise cash on hand and call dep08its, and other short-temi highly liquld invesbnenls that are r8adity convertible lo a known amount of cash and are subject to an Inslgnlflcant rlsk Of change In value. 12
Word Of Life Celebration Centre Notes to the Flnanclal Statements (conthJu8d) Year ended 28 February 2025 Donatlons and lega¢les Unreslricled Total Funds Unreslrlctad Total Funds Funds 2025 Funds 2024 Donatlons Appeals and donation8 36,578 36,578 36,983 36,983 Sponsorshlp Interest Income 1,876 38,454 Expendlture on charllable actlvltlas by fund typo 1,876 38,454 1,475 1,475 38,458 38,458 Unrestricted Total Funds Unreslrl¢tgd Totsl Funds Funds 2025 Funds 2024 Cost of goods sold and other costs 34,502 34,502 10,613 10,613 Staff costs No salades or wages have been paid to employees. Including the members of the commttlee, during the year. Trustee remuneration and expenses The amolt expellse5 waived by the lrnstee durllig th¢ year totJll¢d £Nil {2024- £Nil). Tangiblo fixed asset8 Land and Fbciures and bulldlng$ fittings Computer equlpment Total Cosl At 1 March 2024 Additions 2,365 9,395 3,332 3,586 6,918 5,687 243,739 249,426 230,758 230,758 At 28 February 2025 Depreclatlon Al 1 March 2024 Chargè for the yaar At 28 Fobruary 2025 Carrylng amount At 28 February 2025 At 29 February 2024 11,750 166 2,937 46 1,730 212 4,667 3,103 1,776 4,879 230,758 8,647 5,142 244,547 2,189 3,286 5,475 12.
Word Of Life Celebration Centre Notes to the Flnanclal Statements rcont18dJ Year ended 28 February 2025 Debtors 2025 2024 Cash at bank and In hand 25,026 110,354 Credltors: amounts falllng duè wlthln ona yoar 2025 2024 Accruals and deferred Sn¢omg 420 251 Cr8dllor8'. amoun18 falllng du• aftsr moro than onè year 2025 2024 Bank loans and overdrafts 149,623 10. Analysls of charltabh funds Unrestrlcled fund5 At 28 Fgbwary 2025 At 1 March 2024 Income Expenditure General funds 115,578 38,454 (34,502> 119,530 At 29 February 2 024 At 1 March 2023 Income Expenditure General fvnds 87,733 38,458 110,613} 115,578 12-
Word Of Life Celebration Centre Management Information Year ended 28 February 2025 The following pages do not form part of the financial statorngnts. 13-
Word Of Life Celebration Centre Detailed Statement of Financial Activitles Year ended 28 February 2025 2025 2024 In¢ome and endowments Donations and legacies Appeals and donallons Inlsresl income 36,578 1,876 38,454 36,983 1,475 38,458 Total Income 38,454 38,458 Expendltura Expenditure on Charltable actlvltle8 Rent Rat8s and water Insurance Advertlslng Nolor v@hlcle expanses Project costs Logal and professlonal f88S Telephon8 and fax Cornput8r axpanses Rèpalrs and maintenance Depreclallon Sundry expenses Interest on mortgage loan Accountancy fees Bank charges 3,400 325 1,718 120 3,740 12,494 777 1,201 4,037 300 1,140 96 3,948 4,667 409 4,519 428 428 212 968 120 34,5D2 10,613 Total expendlture 34,502 10,613 Incom& 3,952 27,845 14-