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**
|**Report to the trustees/**
**members of**
**On accounts for the year**
**ended**
**Set out on pages**|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
1
**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** .
2
**Oct 2018**
**IER**