## **WINNERS FAMILY CHAPEL INTERNATIONAL** **REPORT OF THE TRUTEES AND UNAUDITED FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 28TH FEBRUARY 2025** ## **GB Frontiers Limited** 8 Lilac Close The Rock Telford TF3 5EH ## Tel: 07838 463 212 Email: gbfrontiers@gmail.com ©GOGOGOGOGOGOGOGOGOGOGOGOGOGOGOGOGOGOGOGOGOGOGOGOGOGOGOGOGOGOGOGOGOGOGOGOGOGOGOGOGOGOGOGOGOGOGOGOGOGOGOGOGOG **WINNERS FAMILY CHAPEL INTERNATIONAL** ## **Contents** **REPORT OF THE TRUTEES AND UNAUDITED FINANCIAL STATEMENTS ........................... 1 Introduction .............................................................................................................................................. 5 Structure, Governance and Management................................................................................................. 5 Objectives and Activities .......................................................................................................................... 5 Achievements and Performance ............................................................................................................... 6 Financial Review ...................................................................................................................................... 7 Funds Accounting Policy ......................................................................................................................... 7 Reserve Policy........................................................................................................................................... 7 Financial Overview ................................................................................................................................... 8 Statement as to Disclosure of Information to Accountants ..................................................................... 8 Statement of Trustees’ Responsibilities ................................................................................................... 8 Independent Examiner / Accountants .................................................................................................... 9 Report of the Independent Examiner / Accountant .............................................................................. 10 Independent Examiner's Statement ....................................................................................................... 10 Statement of Financial Activities ............................................................................................................ 12 Balance Sheet .......................................................................................................................................... 13** |**Notes to Financial Statements ................................................................................................................ 14**|**Notes to Financial Statements ................................................................................................................ 14**| |---|---| |**1.**|**Accounting Policies ........................................................................................................................ 14**| |**1.1.**|**Basis of Accounting .................................................................................................................... 14**| |**1.2.**|**Incoming Resources ................................................................................................................... 14**| |**1.2.1.**|**Voluntary Income: ...................................................................................................................... 14**| |**1.2.2.**|**Grants .......................................................................................................................................... 14**| |**1.2.3.**|**Donated Services and Facilities:................................................................................................. 14**| |**1.2.4.**|**Gifts ............................................................................................................................................. 14**| |**1.3.**|**Resources Expanded .................................................................................................................. 15**| |**1.3.1.**|**Costs of Generating Funds ......................................................................................................... 15**| |**1.3.2.**|**Charitable Expenditure .............................................................................................................. 15**| |**1.3.3.**|**Cost of Generating Funds ........................................................................................................... 15**| |**1.3.4.**|**Charitable Expenditure .............................................................................................................. 15**| |**2.**|**Funds .............................................................................................................................................. 15**| |**3.**|**Employees and Volunteers ............................................................................................................. 16**| |**4.**|**Related Party Transactions ............................................................................................................ 16**| |**5.**|**Post Balance Sheet Events ............................................................................................................. 16**| ## **WINNERS FAMILY CHAPEL INTERNATIONAL** ## **Legal and Administrative Information** |**Charity Number**|**1181536**| |---|---| |**Registered Office**|**Winners Family Chapel International**| ||9 Landy Close| ||Donnington| ||Telford| ||TF2 8QL| |**Trustees**|Rev. Vincent Sarpong| ||Agnes Prempeh| ||Akwasi Agyekum Serwaa| |**Accountants**|GBFrontiers Limited| ||8 Lilac Close| ||The Rock| ||Telford| ||TF3 5EH| ||Tel: 07838 463 212| ||Email: gbfrontiers@gmail.com| |**Bankers**|LLOYDS BANK| ||113, The Border| ||Overdale| ||Telford| ||TF3 4AE| ## **WINNERS FAMILY CHAPEL INTERNATIONAL** ## **Report of the Trustee** ## **For the Year Ended 28th February 2025** ## **Introduction** The financial year ended 28 February 2025 has been a period of consistent progress and divine provision for Winners Family Chapel International. Despite ongoing economic challenges, the ministry has continued to grow in attendance, outreach, and community impact. The financial results for the year demonstrate careful stewardship, transparency, and prudent management of the church’s resources in pursuit of its mission to advance the gospel of Jesus Christ and to support the welfare of its members and the wider community. The Trustees present their Annual Report and Financial Statements for the year ended 28 February 2025. The Trustees who served during the year and up to the date of this report are listed on page 3. ## **Structure, Governance and Management** The Church is governed by an approved Governing Document in accordance with the Charities Act 2011. Membership is open to individuals who publicly profess faith in Jesus Christ and have been baptised, or who have renewed their public profession of faith in accordance with the Church’s Constitution. The Trustees Board meets at least four times per year and is responsible for the overall governance, strategic policy, and oversight of the church’s affairs. In accordance with the Constitution, six Trustees are appointed, including the Resident Minister, Administrator, Treasurer, and Church Secretary, who collectively oversee the daily operations, financial administration, and legal compliance of the charity. Members are encouraged to take an active part in both the spiritual and practical aspects of church life. Matters of importance may be referred to the Church Meeting by the Trustees or raised by members for further consideration. While the Constitution permits decisions by majority vote, the Church seeks to reach consensus whenever possible. ## **Objectives and Activities** The principal objective of Winners Family Chapel International is the advancement of the Christian faith in accordance with the doctrines and principles of the Church. This objective also encompasses the advancement of education, community service, and other general charitable purposes within Telford, across the United Kingdom, and internationally as determined by the Church. To fulfil its mission, the Church provides a variety of spiritual, educational, and humanitarian activities for both its members and the wider community, including: ## **1. Advancing the Christian Faith:** The Church promotes the Christian message in and around Telford—and beyond—for the benefit of the public through: - i. The holding of prayer meetings, worship services, lectures, and Bible teachings; - ii. The public celebration of Christian festivals; and iii. The **production and distribution of Christian literature** and other resources designed to deepen understanding of the faith. **2. Alleviation of Poverty and Community Support:** The Church seeks to relieve hardship and poverty within the community by providing food, clothing, relief materials, and other essential services to individuals and families in need. The overarching aim of all these activities is to demonstrate the love of Jesus Christ through both word and action, bringing individuals into a closer relationship with Him as Lord and Saviour. Central to the life and witness of the Church is the regular provision of public worship services, which are open to all and designed to foster spiritual growth, fellowship, and community engagement. These services take place each week as follows: - Friday - Prayer Meetings; - Saturday - Youth Ministry Meetings, Band Rehearsals, Women's Ministry (Once every month); - Sunday - Main Church Service. In addition to these core services, the Church also holds occasional special programmes and outreach events, which are announced during services and displayed on the Church notice board. A comprehensive Children’s Ministry operates during Sunday services to nurture the faith of younger members. Winners Family Chapel International strives to be a welcoming, inclusive, and caring community, where everyone—regardless of background—is invited to participate in worship, fellowship, and service. ## **Achievements and Performance** The Church’s success is not measured solely in numerical or financial terms, but also in the spiritual growth, fellowship, and encouragement experienced within the congregation. During the year, the Church’s programmes and activities were delivered under three broad themes: - a. **Helping Humanity** – through the provision of food, water, shelter, medical support, and other assistance to vulnerable individuals and families. - b. **Inspiring Individuals** – through events, conferences, seminars, and workshops aimed at spiritual, moral, and personal development. - c. **Promoting Peace** – by fostering dialogue and understanding among diverse communities and faith groups. Looking ahead, the Church intends to continue and expand its work in the following areas: - i. Promoting the **physical, mental, spiritual, cultural, and educational welfare** of individuals and communities. - ii. Encouraging the discussion of matters affecting human welfare and social progress. - iii. Strengthening individual character through the teachings of **responsibility, integrity, and compassion** . - iv. Promoting the values of **truth, justice, charity, and social harmony** . - v. Supporting **human rights** and providing aid to communities affected by abuse, discrimination, or natural disasters. ## **Financial Review** The Church continues to fund its activities primarily through the generosity of its members and congregation. No public fundraising campaigns were conducted during the year. The ministry remains heavily dependent on volunteer contributions, with members freely giving their time and skills to support operations, significantly reducing expenditure while furthering the Church’s charitable aims. The financial results for the year, along with the accounting policies adopted, are set out in the accompanying financial statements. ## **Funds Accounting Policy** Winners Family Chapel International operates **unrestricted funds** to support its ongoing charitable activities, and **restricted funds** for designated mission and building projects. ## **Reserve Policy** The Trustees have established a **Reserves Policy** to ensure the Church can continue operating effectively in the event of unexpected financial challenges. After assessing potential risks, the Trustees have determined that maintaining reserves between **£2,000 and £5,000** is appropriate. As of **28 February 2025** , the Church held total funds of **£34,471.04** , comprising: - i. **Restricted Funds:** £5,000.00 - ii. **Designated Funds:** £25,145.30 (earmarked as a deposit towards the purchase of a permanent worship facility) - iii. **Unrestricted Funds:** £4,325.74 The Trustees aim to increase designated reserves in the coming year to support strategic building and ministry objectives. ## **Financial Overview** For the financial year ended 28 February 2025, Winners Family Chapel International recorded: - i. **Total Income** : £67,856.51 - ii. **Total Expenditure** : £51,054.82 - iii. **Operating Surplus** : £16,801.69 The Church began the year with an opening balance of £17,524.05. In alignment with its mission priorities, £25,000 was transferred to the restricted account during the year to fund ministry and outreach projects. After this allocation, the net surplus stood at £9,325.74. This surplus has been prudently retained in the Church’s bank account to support future initiatives such as facility improvements, community outreach programmes, and expansion of welfare services. ## **Statement as to Disclosure of Information to Accountants** As far as the Trustees are aware: - There is no relevant audit or accounting information of which the Church’s accountants are unaware; and - The Trustees have taken all necessary steps to ensure they are aware of any relevant accounting information and that the accountants are aware of such information. ## **Statement of Trustees’ Responsibilities** The Trustees are responsible for preparing the Trustees’ Annual Report and Financial Statements in accordance with applicable UK law and Generally Accepted Accounting Practice (UK GAAP). Under charity law, the Trustees must prepare financial statements that give a true and fair view of the charity’s income and expenditure for the financial year. In preparing these statements, the Trustees are required to: 1. Select suitable accounting policies and apply them consistently. 2. Observe the methods and principles set out in the Charities SORP. 3. Make reasonable and prudent judgements and estimates. 4. State whether applicable accounting standards have been followed. 5. Prepare the financial statements on a going concern basis unless it is inappropriate to presume continued operation. The Trustees are also responsible for keeping proper accounting records that disclose the charity’s financial position with reasonable accuracy and for safeguarding its assets against fraud and irregularities. ## **Independent Examiner / Accountants** The Trustees have appointed GB Frontiers Limited as the Church’s Independent Examiner / Accountants to review and prepare the financial statements for the year ended 28 February 2025, in accordance with Section 145 of the Charities Act 2011. Signed on behalf of the Board of Trustees **==> picture [334 x 68] intentionally omitted <==** **----- Start of picture text -----**
Trustees Trustees
mb. pees
Rev. Vincent Sarpong Agnes Prempeh
**----- End of picture text -----**
## **WINNERS FAMILY CHAPEL INTERNATIONAL** ## **Report of the Independent Examiner / Accountant** ## **To the Trustees of Winners Family Chapel International** ## **On the Accounts for the Year Ended 28th February 2025** ## **Respective responsibilities of Trustees and Independent Examiner** The Trustees of Winners Family Chapel International are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (“the Charities Act”). The Trustees consider that an audit is not required for this financial year under Section 144(2) of the Charities Act and that an independent examination is appropriate in accordance with Section 145 of the Charities Act. It is my responsibility to: - 4 Examine the accounts under Section 145 of the Charities Act; - 4 Follow the procedures set out in the general Directions issued by the Charity Commission under Section 145(5)(b) of the Charities Act; and - 4 State whether any matters have come to my attention which require comment in this report. ## **Basis of independent examiner’s statement** My examination was carried out in accordance with the general Directions issued by the **Charity Commission for England and Wales** . The examination included: - a A review of the accounting records maintained by the Church. - a A comparison of the financial statements presented with those records; and - a Consideration of any unusual items or disclosures in the accounts and explanations obtained from the Trustees regarding such matters. The procedures undertaken in an independent examination do not provide all the evidence that would be required in an audit. Accordingly, no audit opinion is expressed on whether the accounts present a _true and fair view_ of the financial position of the charity. ## **Independent Examiner's Statement** In connection with my examination, no matters have come to my attention which give me reasonable cause to believe that, in any material respect: - 4 Accounting records were not properly kept in accordance with Section 130 of the Charities Act; or - 4 The financial statements do not accord with the accounting records; or - 4 The accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008, 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. I have not identified any other matters that should be brought to the attention of the Trustees to assist in a proper understanding of the financial statements. ## **Signed by or on behalf of the Examiner.** ## **Godfred Boamah** MSc (Econs) Corporate Finance / Finance and Investment Management ## **Independent Examiner** ## **GB Frontiers Limited Accountants and Tax Consultants** 8 Lilac Close The Rock Telford TF3 5EH Tel: 07838 463 212 Email: gbfrontiers@gmail.com ## **WINNERS FAMILY CHAPEL INTERNATIONAL** ## **Statement of Financial Activities** ## **For The Year Ended 28th February, 2025** |Notes
**Incoming Resources**
**Opening Bank Balance - Operations Account**
Offerings & Standing Orders
Donations
Deposits (General Income)
Refunds
HMRC Charities Grants
Other Income (e.g., Evangelism)
**Total Income Resources**
**Resources Expanded**
Wages
Rent (Church, Storage, Worship)
Fuel & Van Maintenance
Insurance (Van, Church)
Easy Worship & Software
Instrument Maintenance & Repairs
Honorarium
Accountant Fees
Refreshments & Guest Hospitality
Evangelism
Building Fund
Purchases (Amazon, Argos, etc.)
Youth Activities & Conferences
Home Office Payments
Christmas Gifts
Miscellaneous (Toll, CRD, etc.)
Sundry Expenses - Transfer to Savings Account
**Total Resources Expanded**|**Unrestricted**
**Funds**
Consolidated
Account
**2024 - 2025**
**£**
17,524.05
6,228.00
4,805.00
33,997.00
155.15
20,271.36
2,400.00| |---|---| ||**85,380.56**| ||21,810.00
8,573.08
1,545.00
1,228.00
500.00
1,318.00
3,800.00
1,410.64
1,134.50
2,400.00
1,400.00
1,337.00
1,340.60
2,608.00
500.00
150.00
25,000.00| ||**76,054.82**| **OPERATIONAL SURPLUS (DEFICIT) 9,325.74** **When Printed, This Document Is Classified As UNCONTROLLED** . Its Usage Should Be Verified With The Appropriate Authorities. ## **WINNERS FAMILY CHAPEL INTERNATIONAL** |**Balance Sheet**||| |---|---|---| |**For The Year Ended 28th February, 2025**||| ||Notes|**2024 - 2025**| |||**£**| |**Current Assets**||| |Cash at Bank||34,471.04| |Cash at Hand||| |**Less:**Creditors amount falling due within one year||| |||**34,471.04**| |**Funds**||| |Reserves||34,471.04| |**Total Funds**||**34,471.04**| |Restricted Funds||5,000.00| |Designated Funds||25,145.30| |Unrestricted Funds||4,325.74| |Total Funds||**34,471.04**| The Financial Statement were approved by the trustees on 25th February, 2025 and signed on its behalf by **Rev. Vincent Sarpong** **Agnes Prempeh** **Trustees** ## **WINNERS FAMILY CHAPEL INTERNATIONAL** ## **Notes to Financial Statements** ## **For the Year Ended 28th February 2025** ## **1. Accounting Policies** The principal accounting policies adopted in the preparation of the financial statements are set out below. These policies have been applied consistently throughout the current and preceding financial years. ## **1.1. Basis of Accounting** The financial statements have been prepared under the historical cost convention and in accordance with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the Statement of Recommended Practice (SORP): Accounting and Reporting by Charities (FRS 102) issued by the Charity Commission for England and Wales. The financial statements are prepared on a going concern basis and present a true and fair view of the charity’s financial performance and position for the year ended 28 February 2025. ## **1.2. Incoming Resources** All income is recognised in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income, the amount can be measured reliably, and receipt is probable. The following specific accounting policies are applied to categories of income: ## **1.2.1. Voluntary Income:** Voluntary income, including grants, donations, and gifts, is included in full in the SOFA when receivable. ## **1.2.2. Grants** Grants that are not conditional upon the delivery of a specific performance by the charity are recognised as income when the charity becomes unconditionally entitled to the grant. ## **1.2.3. Donated Services and Facilities:** Donated services and facilities are included at their estimated value to the charity where this can be reasonably measured. The value of time donated by volunteers is not included in the financial statements but is greatly appreciated by the Trustees. ## **1.2.4. Gifts** Gifts donated for resale are recognised as income within “Activities for Generating Funds” when they are sold, at the value of the proceeds received. ## **1.3. Resources Expanded** Expenditure is recognised on an accruals basis as soon as liability is incurred. Expenditure includes any irrecoverable VAT and is reported under the appropriate headings in the SOFA to which it relates. The following classifications are applied: ## **1.3.1. Costs of Generating Funds** These comprise the costs incurred in attracting voluntary income and those associated with fundraising activities undertaken to raise income for the charity’s operations. ## **1.3.2. Charitable Expenditure** Charitable expenditure consists of costs directly related to the delivery of the charity’s activities and services to its beneficiaries, including both direct and support costs. Indirect costs necessary to sustain charitable activities (such as administrative support and premises costs) are also included under this heading. ## **1.3.3. Cost of Generating Funds** The cost of generating funds comprises the costs associated with attracting voluntary income and the costs of trading for fundraising purposes including the charity’s shop. ## **1.3.4. Charitable Expenditure** Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. ## **2. Funds** The charity maintains three categories of funds — Unrestricted, Designated, and Restricted — as defined below: ## **Unrestricted Funds:** These represent funds that are freely available for the general purposes of the charity and may be used at the discretion of the Trustees to support day-to-day operations and ministry activities. ## **Designated Funds:** These are unrestricted funds which have been set aside by the Trustees for specific future purposes. During the year, designated funds were allocated as an initial deposit towards the purchase of a permanent church building. ## **Restricted Funds:** These funds can only be used for particular purposes as specified by donors or funding bodies. The Trustees ensure that expenditure from these funds is strictly in line with the donor’s intentions. The movement on funds during the year is as follows: |**Fund Type**
~~ee~~|**Balance**
**at 1 Mar**
**2024**
**(£)**
**Resources**
~~es~~|**Incoming**
**Resources**
**(£)**
~~es~~|**Resources**
**Expended**
**(£)**
~~es~~|**Transfers**
**(£)**
~~es~~|**Balance**
**at 28**
**Feb 2025**
**(£)**| |---|---|---|---|---|---| |**Unrestricted**
~~ee~~
~~ee~~|17,524.05
~~es~~
~~es~~|67,856.51
~~es~~
~~es~~|(51,054.82)
~~es~~
~~es~~|(25,000.00)
~~es~~
~~ee~~|**9,325.74**| |**Designated**
~~ee~~
~~ee~~
~~ee~~|25,145.30
~~es~~
~~es~~
~~es~~|–
~~es~~
~~es~~
~~ee~~|–
~~es~~
~~es~~
~~es~~|–
~~es~~
~~ee~~
~~es~~|**25,145.30**| |**Restricted**
~~ee~~
~~ee~~
~~ee~~|5,000.00
~~es~~
~~es~~
~~ee ee~~|–
~~es~~
~~ee~~
~~ee~~|–
~~es~~
~~es~~
~~es~~|25,000.00
~~ee~~
~~es~~
~~es~~|**30,000.00**| |**Total Funds**
~~ee~~
~~ee~~|**47,669.35**
~~es ~~
~~ee ee~~|**67,856.51**
~~ee~~
~~ee~~|**(51,054.82)**
~~es~~
~~es~~|**–**
~~es~~
~~es~~|**64,470.04**| ## **Explanation of Transfers** During the year, the Trustees approved a transfer of **£25,000** from Unrestricted Funds to Restricted Funds in order to support designated ministry and outreach projects in 2025. ## **3. Employees and Volunteers** The Church had no employees during the year whose annual remuneration exceeded £60,000. All administrative, technical, and operational activities were supported primarily by volunteers. The Trustees express their deep appreciation to all volunteers for their time and service in advancing the mission of Winners Family Chapel International. ## **4. Related Party Transactions** ## **There were no related party transactions requiring disclosure under the Charities SORP (FRS 102) during the financial year.** ## **5. Post Balance Sheet Events** There have been no material post-balance sheet events that would require adjustment to or disclosure in the financial statements. ## **WINNERS FAMILY CHAPEL INTERNATIONAL** ## **Notes To The Consolidated Statement of Cash Flows** **For The Year Ended 28th February, 2025** |**RECONCILIATION OF NET INCOME TO NET CASHFLOW**
**FROM OPERATING ACTIVITIES**
Analysis of Income For the Reporting Period
**2. Donations**
(Funds transferred to account by way of donations)
**3. Gift Aid Received**
**3. Furlough Scheme**
**4. Special Donations Received**
**Net Income for the reporting period**
Donations and Legacies
Gift Aid Received
Furlough Scheme
**Expenditure on Charitable Activities**
Church Activities
**6. Transfer to Savings Account**
(To designated and Restricted Account)
**Net Income (Cash Inflow) / Expenditure (Cash Outflow) **
**Reconciliation of Funds**
Total Funds brought Forward
**Total Funds Carried Forward**|**2024 - 2025**
**£**
**11,033.00**
20,271.36| |---|---| ||**31,304.36**
**33,997.00**
47,585.15
20,271.36
-| ||**67,856.51**
51,054.82
25,000.00| ||**-8,198.31**
17,524.05| ||**9,325.74**|