KATE WORLD WIDE EVANGELISTIC MINISTRIES
Trusts’ Report and Financial Statement
For the year ended 31st December 2024
KATE WORLD WIDE EVANGELISTIC MINISTRIES
Information Charity Number 1171661 Registered Office 2 FOREST ROAD, LONDON N9 8RX Trustees Justin Pinytek Etwalu O’Kello Lorna Carrasco Kate Poku-Awuah Bankers Natwest Bank plc
KATE WORLD WIDE EVANGELISTIC MINISTRIES
Contents
Page Accountants’ Report 1 Trustee’ Report 2-4 Income & Expenditure Statement 5 Balance Sheet 6 Notes to the Accounts 7-12
KATE WORLD WIDE EVANGELISTIC MINISTRIES
Accountants’ Report on the Unaudited Accounts to KATE WORLD WIDE EVANGELISTIC MINISTRIES
As described on page 4 you have approved the accounts for the year ended 31st December 2024, set out on pages 2 to 8. In accordance with your instructions we have compiled these unaudited accounts from the accounting records, information and explanations supplied to us.
29th October 2025
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KATE WORLD WIDE EVANGELISTIC MINISTRIES
The Trustees present their annual report together with financial statements of KATE WORLD WIDE EVANGELISTIC MINISTRIES for the year ended 31[st] December 2024. The Trustees confirm that the annual report and financial statements of the church comply with the current statutory requirements, the requirements of the church’s governing document and the provisions of the Statement of Recommended Practise (SORP) “Accounting and Reporting by Charities” issued in 2015.
STRUCTURE, GOVERNANCE AND MANAGEMENT
a. CONSTITUTION
The church is constituted under Trust deed dated 18 January 2017 and is a registered charity with number 1171661.
b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES
The management of the church is the responsibility of the Trustees who are elected and co-opted under the terms of the trust deed.
c. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES
The induction process for any newly appointed member of the Trustees comprises an initial meeting with the Chair and other Trustees, followed by a series of short meetings with the Minister in Charge on the powers and responsibilities of the Trustees.
d. ORGANISATIONAL STRUCTURE AND DECISION MAKING
The church is organized so that the Trustees meet regularly to manage its affairs. The day to day administration of the church is managed by the Administrator.
e. RELATED PARTY RELATIONSHIPS
KATE WORLD WIDE EVANGELISTIC MINISTRIES operates throughout England and Wales.
f. RISK MANAGEMENT
The Trustees have assessed the major risks to which the church is exposed, in particular those related to the operations and finances of the church and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.
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KATE WORLD WIDE EVANGELISTIC MINISTRIES
OBJECTIVES AND ACTIVITIES
a. POLICIES AND OBJECTIVES
To seek the advancement of the Christian religion in accordance with the teachings and the doctrines set out in the statement of faith contained in the schedule (2.2.2).
In addition to helping in the relief of poverty in all parts of the world, the Trustees must use the income and may use the capital of the trust in promoting the objectives.
b. ACTIVITIES FOR ACHIEVING OBJECTIVES
The main activities of the trust are as follow:
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Sunday Services
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Online Week night Bible Studies.
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Organising religious and social meetings for the KWWEM members.
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Raising Fund through members – internally.
c. GRANT MAKING POLICIES
The church provides support to members of the congregation (at the decision of the trustees) who are in need through the Emergency fund.
d. VOLUNTEERS
The church is grateful for the unstinting efforts of its volunteers who are involved in service provision, office work and administration. It is estimated that over 386 volunteer hours were provided during 2024. If this is valued at £12.50 an hour the volunteer effort amounts to over £4,825.
ACHIEVEMENTS AND PERFORMANCE
a. REVIEW OF ACTIVITIES
We have had tremendous growth in the physical and spiritual life of KWWEM during the year and in the advancement of the Christian Faith in accordance with the doctrines set out in the Statement of Faith a contained in our Trust Deed.
b. INVESTMENT POLICY AND PERFORMANCE
The Trustees have decided that at present, funds should be retained in Bank. Any change in such banking arrangements should be agreed by the trustees. As far as possible, funds will be retained in interest bearing accounts.
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KATE WORLD WIDE EVANGELISTIC MINISTRIES
FINANCIAL REVIEW
a. RESERVES POLICY
At this level, the trustees feel that they would be able continue the current activities of the church in the event of a significant drop in funding.
PLANS FOR THE FUTURE
a. FUTURE DEVELOPMENTS
We are seeking to have a property of our own that would enable us to carry out community-based projects that we are unable to do now for the reason of restricted accommodation.
COMPARATIVES
There have been no comparatives included in these financial statements because in the opinion of trustees, no comparison can be made which could prove beneficial.
This report was approved by the Trustees on 29th October 2025 and signed on their behalf by:
Lorna Carrasco
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KATE WORLD WIDE EVANGELISTIC MINISTRIES
Statement of Financial Activities
for the year ended 31st December 2024
| 2024 | 2023 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Unrestricted | Restricted | ||||
| Note | Funds | Funds | Total | Funds | Funds | Total | |
| £ | £ | £ | £ | £ | £ | ||
| INCOMING RESOURCES | |||||||
| Incoming Resources from | |||||||
| generated funds: | |||||||
| Voluntary Income | 2 | 23,329 | 23,329 | 8,036 | 8,036 | ||
| Total Incoming Resources | 23,329 | 23,329 | 8,036 | 8,036 | |||
| RESOURCES EXPENDED | |||||||
| Charitable Activities | 3 | 4,766 | 4,766 | 4,370 | 4,370 | ||
| Governance Costs | 3 | 2,500 | 2,500 | 2,400 | 2,400 | ||
| Total Resources Expended | 7,266 | 7,266 | 6,770 | 6,770 | |||
| NET INCOMING/(OUTGOING) | 16,063 | 16,063 | 1,266 | 1,266 | |||
| RESOURCES BEFORE OTHER | |||||||
| RECOGNISED GAINS/LOSSES | |||||||
| FUND BALANCES 1 January | 46,908 | 46,908 | 45,642 | 45,642 | |||
| Other Reserves | |||||||
| FUND BALANCES 31 December | 62,971 | 62,971 | 46,908 | 46,908 |
The accounting policies and notes on pages 7 to 13 do not form part of these accounts
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KATE WORLD WIDE EVANGELISTIC MINISTRIES
Balance sheet as at 31st December 2024
| 2024 | 2023 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |||
| Fixed assets | 6 | 1,683 | 2,052 | ||||
| Tangible Fixed Assets | |||||||
| Current assets | |||||||
| Cash at bank and in hand | 63,424 | 47,398 | |||||
| Current Liabilities | |||||||
| Other Creditors | 2,136 | 2,542 | |||||
| Net current assets | 61,288 | 44,856 | |||||
| Total assets less current | |||||||
| Liabilities | 62,971 | 46,908 | |||||
| Capital account | |||||||
| General Unrestricted Funds at 01stJanuary | 46,908 | 45,642 | |||||
| Special Reserves | |||||||
| Net Incoming Unrestricted Funds for the year | 16,063 | 1,266 | |||||
| Restricted Funds | |||||||
| 62,971 | 46,908 |
The notes on pages 9 to 13 form part of these accounts
Approved by the trustees of the KATE WORLD WIDE EVANGELISTIC MINISTRIES this day 29th October 2025.
Lorna Carrasco
Justin Pinytek Etwalu O’Kello
1. ACCOUNTING POLICIES
Trustee
Dated: 29th October 2025
Trustee
Dated 29th October 2025
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2. ACCOUNTING POLICIES
2.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS
The financial statements have been prepared under historical cost convention, with the exception of investments which are included at the market value and in accordance with Financial Reporting Standard for Smaller Entitles (Effective 2015). The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), “Accounting and Reporting by Charities” published in 2015 and applicable accounting standards.
2.2 FUNDING ACCOUNTING
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the church and which have not been designated for other purposes.
2.3 INCOMING RESOURCES
All incoming resources are included in the Statement of Financial Activities when the church is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Income tax recoverable in relation to investment income is recognized at the time the investment income is receivable.
2.4 RESOURCES EXPENDED
All expenditure is accounted for an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities, they have been allocated on a basis consistent with the use of the resources.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management carried out at headquarters. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
Grants payable are charged in the year when the offer is made perfect except in those cases where the offer is conditional, such grants being recognized as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the yearend rate noted as a commitment, but not accrued as expenditure
2.5 TANGIBLE FIXED ASSETS AND DEPRECIATION
All assets costing more than £500 are capitalized.
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases;
Church Instrument and Other Equipments -18% Reducing Balance method
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KATE WORLD WIDE EVANGELISTIC MINISTRIES
Notes to the accounts for the year ended 31st December 2024
2.6 Voluntary income
| 2.6 Voluntary income | |||
|---|---|---|---|
| 2024 | |||
| Unrestricted | Restricted | Total | |
| £ | £ | £ | |
| Church Offerings & Tithes | 23,329 | 23,329 | |
| 23,329 | 23,329 |
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KATE WORLD WIDE EVANGELISTIC MINISTRIES
Notes to the accounts for the year ended 31st December 2024 3. Total Resources Expended
By type of expenses, total resources expended comprise:
| 2024 | ||||||
|---|---|---|---|---|---|---|
| Charitable | Costs of | |||||
| Expenditure | Governance | Generating | ||||
| Direct Costs | Funds | Total | ||||
| £ | £ | £ | £ | |||
| Management Costs | 2,500 | 2,500 | ||||
| Direct Costs |
1,250 | 1,250 | ||||
| Support Costs | 3,516 | 3,516 | ||||
| Other Costs | - | |||||
| Total | 4,766 | 2,500 | 7,266 | |||
| Support Costs | ||||||
| 2024 | ||||||
| £ | ||||||
| Miscellaneous | ||||||
| Expenses | 263 | |||||
| Telephone | 879 | |||||
| Computer & | ||||||
| Accessories Costs | 2,005 | |||||
| Office Equipment | ||||||
| Depreciation | 369 | |||||
| Total | 3,516 | |||||
| Governance Costs | ||||||
| 2024 | ||||||
| Management costs |
2,500 | |||||
| Total | 2,500 | |||||
| Direct Costs | 2024 | |||||
| Costs of | ||||||
| Charitable | ||||||
| activities |
1,250 | |||||
| Total | 1,250 |
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KATE WORLD WIDE EVANGELISTIC MINISTRIES Notes to the accounts for the year ended 31[st] December 2024
4. Taxation
KATE WORLD WIDE EVANGELISTIC MINISTRIES is a registered charity and applies all its income for charitable purposes. It thus claims exemptions from UK tax.
5. Tangible assets
| angible assets | ||
|---|---|---|
| 2024 | ||
| Church | ||
| Equipment/ | ||
| Furniture | ||
| Fitting | Total | |
| £ | £ | |
| Cost | ||
| As at 1stJanuary | 3,721 | 3,721 |
| Additions | ||
| As at 31stDecember | 3,721 | 3,721 |
| Accumulated depreciation | ||
| As at 1st January | 1,669 | 1,669 |
| Charge for the year | 369 | 369 |
| As at 31stDecember | 2,038 | 2,038 |
| Net Book Value | ||
| As at 31stDecember | 1,683 | 1,683 |
Depreciation is provided to write off the cost of assets by equal annual installment over their estimated useful lives as follows Church Instrument & Other Equipments - 18% Reducing balance
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