2022-02-28-accounts - Glory Church

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W5 Church Report and Accounts for year ended 28 February 2022 TRUSTEE STATEMENT At the start of this year period, we were hit by the pandemic and we were unable to meet as frequently in our building. This has forced us to be innovative and creative as we worked on providing online platforms for us to meet. We invested in a lot of media and sound equipment. This gave us the opportunity to minister to people wider than our regular congregation. We were also able to get back our gift aid from donations which has allowed us to stay afloat as a congregation. As a church we are also in partnership with various social action projects and organisations across the town. This has allowed us to give donations for food, give a helping hand to those in need and be a listening ear to those who were going through things through the pandemic. We also facilitated gatherings for uni students who wanted a space to pray and fellowship. Diiring this season, we hosted different online events for families, men and women. Our aim was to support our congregants coming out of the lockdown and to allow them face the future with hope and confidence. STATEMENT OF TRUSTEE RESPONSIBILITIES The trustees of W5 Church are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Account Slandards (United Kingdom Generally Accepted Accounting Practice). Coimpany law requires the trustees to prepai"e financial statements for each financial year which gives a true and fair view of the state of affairs of the charitable company and of the incoming resoLirces and applicatioii of resoLirces, inclLiding tlie income and expenditiire of the charitable coinpany of that period.

In preparing those financial statements, the trustees are required to: Select suitable accounting policies and then apply them consistently Observe the methods and principles in the Charity SORP Make judgements and estimates that are reasonable and prudent Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with Companies Act 2006. They are responsible for safeguarding the assets of the charitable company and for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the board of trustees ABOSEDE MARIA OLUWASEUN ADELEGAN 31 August 2022

Registered Charity Number 1177101 W5 Church REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 February 2022

W5 Church Report and Accounts Contents Page Information Page Trustee Report Accountants, Report Statement of Financial Activities Statement from Financial position Notes to the Accounts

W5 Church Report and Accounts for year ended 28 February 2022 Registered Charity Number 1177101 Trustees FESTUS ASUNMO ADEDOYIN OLUWAGBENGA LAYADE RUVIMBO MUNHUWA ABOSEDE MARIA OLUWASEUN ADELEGAN (Chair) Accountants Ronzl Accountants Ltd 305a Wellingborough Road Northampton NN14EW Registered Address 16 St. Giles Terrace Northampton NN12BN

W5 Church Report and Accounts for year ended 28 February 2022 TRUSTEE STATEMENT At the start of this year period, we were hit by the pandemic and we were unable to meet as frequently in our building. This has forced us to be innovative and creative as we worked on providing online platforms for us to meet. We invested in a lot of media and sound equipment. This gave us the opportunity to minister to people wider than our regular congregation. We were also able to get back our gift aid from donations which has allowed us to stay afloat as a congregation. As a church we are also in partnership with various social action projects and organisations across the town. This has allowed us to give donations for food, give a helping hand to those in need and be a listening ear to those who were going through things through the pandemic. We also facilitated gatherings for uni students who wanted a space to pray and fellowship. During this season, we hosted different online events for families, men and women. Our aim was to support our congregants coming out of the lockdown and to allow them face the future with hope and confidence. STATEMENT OF TRUSTEE RESPONSIBILITIES The trustees of W5 Church are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Account Standards {United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which gives a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure of the charitable company of that period.

In preparing those financial statements, the trustees are required to" Select suitable accounting policies and then apply them consistently Observe the methods and principles in the Charity SORP Make judgements and estimates that are reasonable and prudent Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with Companies Act 2006. They are responsible for safeguarding the assets of the charitable company and for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the board of trustees ABOSEDE MARIA OLUWASEUN ADELEGAN 31 August 2022

W5 Church Report and Accounts for year ended 28 February 2022 Accountant's Report We have prepared the financial statements of W5 Church for the year ended 28 February 2022 in accordance with the financial reporting framework of United Kingdom Generally Accepted Accounting Practice This report is made solely to the charitable trustees, as a body in accordance with section 144 of the Charities Act 2011 and regulation made under Section 154 of the act. The Trustees are responsible for preparation of financial statements and for being satisfied that they give a true and fair view In Accordance to your Instruction we have prepared the accounts of Financial activities. Statement of Financial position as well as related notes from the accounting records of the company and explanation you have given to us. We have not carried out an audit or any review and consequently we do not want to express an opinion on these accounts. Oladapo Sulaimon FCCA Ronzl Accounlants 305a Wellingborough Road Norihampton NN14EW

W5 Church Report and Accounts Statement of Financial Activities for year ended Feb 28 2022 2022 2021 Notes ACTIVITIES Tithe Contributions Offering Contributions Other Income Gift Aid Total 11505.66 25382.39 2978.50 13103.26 52969.81 9033.92 15349.00 9600.00 11090.39 45073.31 PAYMENTS Wages & Salaries Accountancy fees Management and Consultancy Fees Rates and service charge Rent Light, Heat & Power Property Insurance Property Maintenance Other Premises Costs Petrol and Oil Motor Licenses and Insurances Motor Repairs and Servicing General Travel Expenses Bank Charges Depreciation Charge:Plant and Machinery Advertising Computer Expenses Stationary and Postage Telephone, Fax & Internet Sundry Expenses National Contributions Musician Member's Welfare Religious Material Media Honorarium Ministry Vehicle Windsor Office Total 4200.00 720.00 180.00 198.50 13643.70 1131.00 300.00 807.82 362.59 2223.57 420.00 513.00 1986.34 0.00 1803.49 535.11 1645.86 90.60 210.00 8675.02 1376.00 892.78 2000.00 520.60 1209.58 487.83 1448.51 105.46 156.31 5.00 867.85 622.59 342.00 228.44 255.38 791.49 387.60 127.80 3095.81 740.00 3767.33 20.00 1400.00 2850.00 3818.00 3060.00 48803.42 2184.38 2614.19 897.85 3200.00 2200.00 2620.00 2000.00 37135.96 SurpluslDeficit 4166.39 7937.35

W5 Church Report and Accounts Statement of Financial Position as at 28 February 2022 2022 2021 Notes FIXED ASSET Plant & Machinery Plant & Machinery Additions Plant & Machinery Depreciation charge for the year Plant & Machinery Accumulated Depreciation bld 5019 1700 (1803) (156) £4.760.00 £4,863.00 5019 (156) CURRENT ASSET Cash at Bank 7244 3455 CURRENT LIABILITIES Accrued Expenses Other Creditors {360) (840) NET ASSET £11,644.0 £7,478.0 CAPITAL & RESERVES SurpluslDeficit blfwd SurpluslDeficit for the year 7478 4166 (459) £7,937.0 FUNDS £11,644.0 £7,478.0

W5 Church Report and Accounts Notes to accounts for year ended 28 February 2022 1. ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company. which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland {FRS 102) {effective 1 January 2015}'. Financial Reporting Slandard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Companies Acl 2006. The financial statements have been prepared under the historical cost convention. W5 Church is an incorporated charity. registered in England and Wales. The charity's number and registered office address can be found on the Company Informalion page Income All income is recognised in the Slatemenl of Financial Activities once the charity has enlitlemenl to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as Ihere is a legal or conslruclive obligation committing the charity lo that expenditure. il is probable that a transfer of economic benefits will be required in settlement and Ihe amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related lo the category. Where costs cannot be directly allributed to particular headings they have been allocated to activities on a basis consistenl with the use of resources.

Fund Accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Reslriclions arise when specified by the donor or when funds are raised for particular restricted purposes.Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 2. Plant and Machinery 2022 Cost At 1st of March 2021 Additions Disposals At 28 February 2022 5019 1700 6719 Depreciation Al 1st of March 2021 Charge for the year On disposals At 28 of February 2022 156 1803 1959 Net book value At 28 of February 2022 4760

W5

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Charity Name W5 CHURCH	Charity Name W5 CHURCH	Charity Name W5 CHURCH

28THFEBRUARY 2022	Charity no (if any)	1177101

(remember to include the page numbers of additional sheets)

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended DD / MM / YYYY . Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent [The charity’s gross income exceeded £250,000 and I am qualified to examiner's statement undertake the examination by being a qualified member of [insert name of applicable listed body]]. Delete [ ] if not applicable.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:

the accounting records were not kept in accordance with section 130 of the Charities Act; or
the accounts did not accord with the accounting records; or
the accounts did 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 no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Please delete the words in the brackets if they do not apply.

Signed: OLA SULAIMON Date: 24/11/2022

Name: OLA SULAIMON FCCA

Relevant professional ACCA ASSOCIATION OF CHARTERED ACCOUNTANTS

Oct 2018

IER

qualification(s) or body a(if any):

Address: RONZL ACCOUNTANTS LTD

305A WELLINGBOROUGH ROAD NORTHAMPTON NN1 4EW

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

Oct 2018

IER