## **Trustees’ Annual Report for the period** **From 1[ST] MARCH 2022 Period start date To Period end date28THB FEB 2023** ## **Charity name:W5 CHURCH** ## **Charity registration number:1177101** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|**Advancement of Christin religion**| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.|Para 1.17 and
1.19|The Object of the CIO is, for the
public benefit, the advancement
of the Christian faith in
Northampton and such others
parts of the United Kingdom and
the world as the Charity Trustees
may from time to time decide. We
have teachings, musical
performances,and reaching out to
people and serving the
community.| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|**THE TRUSTEES HAVE REGARDED THE**
**GUIDANCE ISSUED BY THE CHARITY**
**COMMISION ON PUBLIC BENEFIT.**| ## **Additional information (optional)** ## You may choose to include further statements where relevant about: SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|**The charity has remained highly active in**
**fostering a vibrant community by hosting**
**a diverse range of in person and on line**
**meetings consistently throughout the**
**weeks and the month.**
**These gatherings are tailored to cater to**
**families ,men, women and youth, amidst**
**present challenges, guiding them**
**towards a brighter future and**
**empowering them to become their best**
**selves.**
**In line with our commitment to serving**
**our community, we have made significant**
**investment in renovating building**
**facilities, ensuring they are well equipped**
**and purposefully designed to better**
**accommodate the needs of those we**
**serve,enabling us to expand the mission**
**and vision of the charity.**
**Our outreach extends beyond our**
**immediate congregation through the**
**utilisation of various media and music**
**platforms, allowing us to minister to a**
**wider audience .**
**The generosity of the donor and the**
**receipt of gift aid have been instrumental**
**in ensuring the financial stability of our**
**congregation enabling us to sustain our**
**services and outreach initiatives**
**effectively.**| ## **Additional information (optional)** You may choose to include further statements where relevant about: |Achievements against
objectives set|Para 1.41| |---|---| |Performance of fundraising
activities against objectives
set|Para 1.41|| |---|---|---| |Investment performance
against objectives|Para 1.41|| |Other||| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|**Due to a lot of refurbishment done to the**
**place of worship, the charity had a deficit**
**of £6,600**| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|**The charity had £5043 in reserve**| |Amount of reserves held|Para 1.22|**£5043**| |Reasons for holding zero
reserves|Para 1.22|**N/A**| |Details of fund materially in
deficit|Para 1.24|**N/A**| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|**N/A**| ## **Additional information (optional)** |**Additional information (optional)**|**Additional information (optional)**|**Additional information (optional)**| |---|---|---| |You may choose to include further statements where relevant about:||| |The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|| |A description of the principal
risks facing the charity|Para 1.46|| |Other||| ## **Structure, Governance and Management** |Description of charity’s
trusts:||**CIO**| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|**CONSTITUTION**| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|**CIO**| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|**SELECTION**| ## **Additional information (optional)** You may choose to include further statements where relevant about: |
Policies and procedures
adopted for the induction and
training of trustees|
Para 1.51|| |---|---|---| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|| |Relationship with any related
parties|Para 1.51|| |Other||| ## **Reference and Administrative details** |Charity name|W5 CHURCH| |---|---| |Other name the charity uses|| |Registered charity number|1177101| |Charity’s principal address|16 ST GILES TERRACE
NORTHAMPTON
NN1 4EW| ||| ## **Names of the charity trustees who manage the charity** |1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||FESTUS ASUNMO|||| ||TIMOTHY
ADELEGAN|||| ||RUVIMBO
MUNHUWA|||| ||ABOSEDE MARIA
OLUWASEUN
ADELEGAN|CHAIRMAN||| ||JACOB COLLINS
BROWN|||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| – Corporate trustees names of the directors at the date the report was approved **Director name** Name of trustees holding title to property belonging to the charity **Trustee name Dates acted if not for whole year** ## **Funds held as custodian trustees on behalf of others** Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** **Type of Name Address adviser** **Name of chief executive or names of senior staff members (Optional information)** ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Other optional information** ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s)** ABOSEDE MARIA ADELEGAN **Full name(s)** ABOSEDE MARIA ADELEGAN **Position (eg Secretary,** CHAIRPERSON **Chair, etc)** **Date** 23/12/2023 W5 Church REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023 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 2023 Registered Charity Number 1177101 Trustees FESTUS ASUNMO TIMOTHY ADELEGAN RUVIMBO MUNHUWA ABOSEDE MARIA OLUWASEUN ADELEGAN (Chair) JACOB COLLINS BROWN Accountants Ronzl Accountants Ltd 305a Wellingborough Road Northampton NN14EW Registered Address 16 St. Giles Terrace Northampton NN1 2BN W5 Church Report and Accounts for year ended 28 February 2023 TRUSTEE STATEMENT We have remained highly active in fostering a vibrant community by hosting a diverse range of in person and online meetings consistently throughout the weeks and months. These gatherings are tailored to cater to families. men. women and youth, aiming to provide support, encouragement, and inspiration amidst present challenges. guiding them towards a brighter future and empowering them to become their best selves. In line with our commitment to serving our community. we have made significant investments in renovating our building facilities, ensuring they are well-equipped and purposefully designed to better accommodate the needs of those we serve. enabling us to expand the mission and vision of the charity- Our outreach extends beyond our immediate congiegation through the utilisation of various media and music plafforms. allowing us to minister to a wider audience. The generosity of donors and the receipt of gift aid have been instrumental in ensuring the financial stability of our congregation, enabling us to sustain our SeNi￿S and outreach initiatives effectively. Moreover, our church has remained steadfast in its dedicalion to social initiatives by fostering partnerships wilh multiple social projects and organisations across the town. Through these collaborations. we have been able to provide essential donations for food and offer assistance to those facing hardship. exemplifying our commitment to supporting and uplifting our local community- Additionally, recognising the importance of providing a nurturing environment for spiritual growth. we have facilitated gatherings specifically tailored for university students seeking a space for prayer, fellowship, and spiritual enrichmenl. STATEMENT OF TRUSTEE RESPONSIBILITIES The trustees of W5 Church are responsible for preparing the Report of the Trustees and Ihe financial statements in accordance with applicable law and United Kingdom Account Standards {United Kingdom Generally Accepted Accounting Piactice}. 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 prepaiing those financial statefflents, 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 concein 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 Ihe assets of Ihe charttable 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 16 November 2023 W5 Church Report and Accounts for year ended 28 February 2023 Accountant's Report We have prepared the financial statements of W5 Church for the year ended 28 February 2023 in accordance with the financial reporting framework of United Kingdom Generally Accepted Accounting Practi 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 Accountants 305a Wellingborough Road Northampton NN14EW W5 Church Report and Accounts Statement of Financial Activities for year ended Feb 28 2023 2023 2022 Notes INCOME AND ENDOWMENTS FROM ACTIVITIES Tithe Contributions Offering Contributions Other Income Gift Aid Total 30677.98 11505.66 15431.38 25382.39 2124.07 2978.50 14385.51 13103.26 62618.94 52969.81 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 Motor Vehicles Hire 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 7752.10 4200.00 840.00 720.00 0.00 180.00 138.00 198.50 15499.92 13643.70 1943.00 1131.00 964.58 300.00 10779.01 807.82 0.00 362.59 2475.35 2223.57 141.74 420.00 711.00 513.00 5312_72 1986.34 0.00 0.00 1006.63 1803.49 185.42 0.00 0.00 0.00 338.16 255.38 21.00 791.49 521.72 387.60 2656.84 127.80 1377.58 3095.81 137.50 740.00 2714.93 3767.33 20.00 2371.59 3275.12 6882.00 1173.56 0.00 1400.00 2850.00 3818.00 3060.00 69219.47 48803.42 SurpluslDeficit -6600.53 4166.39 W5 Church Report and Accounts Statement of Financial Position as at 28 February 2023 2023 2022 Notes FIXED ASSET Plant & Machinery Plant & Machinery Additions Plant & Machinery Depreciation charge for the year Plant & Machinery Accumulated Depreciation bl 6719 5019 1700 (1803) (156) 4760 (1960) (1007) 3752 CURRENT ASSET Cash at Bank 1651 7244 CURRENT LIABILITIES Accrued Expenses Other Creditors (360) (360) NET ASSET 5043 11644 CAPITAL & RESERVES SurpluslDeficit blfwd SurpluslDeficit for the year 11644 (6601) 7478 4166 FUNDS 5043 11644 W5 Church Report and Accounts Notes to accounts for year ended 28 February 2023 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 accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland {FRS 102) {effective 1 January 2015),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 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 Statement of Financial Activities On￿ the charily has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expendilure as soon as there is a legal or constructive obligation committing the charity to Ihat expenditure. it is probable that a transfer of economic benefits will be required in settlement and the amounl of Ihe obligalion can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost relaled to the category. Where costs cannol be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Fund Accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of Ihe trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity- Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.Furlher explanation of the nature and purpose of each fund is included In the notes to the financial statements. 2. Plant and Machinery 2023 Cost At 1st of March 2021 Additions Disposals At 28 February 2022 6719 6719 Depreciation At 1st of March 2021 Charge for the year On disposals At 28 of February 2022 1960 1007 2967 Net book value At 28 of February 2022 3752 ## **Independent examiner's report on the accounts** ## **Section A Independent Examiner’s Report** |**Report to the trustees**
**On accounts for the year**
**ended**
**Set out on pages**|W5 CHURCH|W5 CHURCH|W5 CHURCH| |---|---|---|---| ||||| ||28THOF Feb 2023|**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 basis of report** As the charity's trustees, you are responsible for the preparation of the 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:**
**Name:**
**Relevant professional**
**qualification(s) or body**
**(if any):**|Ola Sulaimon|23/12/2023| |---|---|---| |||| ||OLADAPO SULAIMON|| |||| ||INSTITUTE OF CERTIFIED CHARTERED ACCOUNTANTS|| 1 **Oct 2018** **IER** **Address:** ## RONZLS 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**