## **Trustees’ Annual Report for the period** **From 1[ST] MARCH 2023 Period start date To Period end date29 TH FEB 2024** ## **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|Para 1.41|| set Investment performance Para 1.41 against objectives 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 reservesheld|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)** 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)**
**Full name(s)**
**Position (eg Secretary,**
**Chair, etc)**
**Date**|ABOSEDE MARIA ADELEGAN|| |---|---|---| ||ABOSEDE MARIA ADELEGAN|| ||

CHAIRPERSON|| ||23/12/2024|| ||23/12/2024|| Registered Charity Number 1177101 W5 Church REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 February 2024 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 2024 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 lo 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 ObseNe 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 Ihat 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 09 December 2024 W5 Church Report and Accounts for year ended 28 February 2024 Accountsnt's Report We have prepared the financial statements of W5 Church for the year ended 28 February 2024 in accordan￿ 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 Northampion NN1 4EW W5 Church Report and Accounts ststement of Financial Activities for year ended Feb 28 2024 2024 2023 Notes ACTIVITIES Tithe Contributions Offering Contributions Other Contribution Gift Aid Government Grants Total 63907.67 11095.69 3996.48 18690.84 9995.00 107685.68 30677.98 15431.38 2124.07 14385.51 62618.94 PAYMENTS Wages & Salaries Accountancy fees Rates and Se￿1￿ charge Rent Light. Heat & Power Property Insurance Property Maintenance Other Premises Costs Petrol and Oil Motor LI￿nseS and Insurances Motor Repairs and Servicing Motor Vehicles Hire General Travel Expenses Depreciation Charge.'Planl and Machinery Computer Expenses Stationary and Postage Telephone, Fax & Internet Sundry Expenses National Contributions Musician Membevs Welfare Religious Material Media Honorarium Ministry Vehicle Legal and Professional Fees Donations Total 8077.60 780.00 137.00 16608.26 7752.10 840.00 138.00 15499.92 1943.00 964.58 10779.01 545.72 9153.30 1965.52 2432.62 1957.65 1853.54 40.00 7602.69 750.51 330.87 2475.35 141.74 711.00 185.42 5312.72 1006.63 338.16 21.00 521.72 2656.84 1377.58 137.50 2714.93 2371.59 3275.12 6882.00 1173.56 1714_10 1143_00 2976.99 13587.07 3938.23 507.50 9550.00 2630.00 2210.70 865.16 92202.57 69219.47 SurpluslDeficit 15483.11 -6600.53 W5 Church Report and Accounts Statement of Financial Position as at 28 February 2024 2024 2023 Notes FIXED ASSET Plant & Machinery Plant & Machinery Depreciation charge for the year Plant & Machinery Accumulated Depreciation blfwd 6719 (751) 2966 3002 6719 (1007) 1960 3753 CURRENT ASSET Cash at Bank 17884 1651 CURRENT LIABILITIES Accrued Expenses (360) (360) NET ASSET 20526 5043 CAPITAL & RESERVES SurpluslDeficit bl￿d SurpluslDeficit for the year 5043 15483 11644 (6601) FUNDS 20526 5043 W5 Church Report and Accounts Notes to accounts for year ended 28 February 2024 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 Practi￿ applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the 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 Information page Income All income is recognised in the Statement of Financial Activities once the charity 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 lo that expenditure, it is probable that a transfer of economic berletits will be required in settlement and the 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 to the category. Where costs cannot 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 the 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 reslricted purposes.Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 2. Plant and Machinery 2024 Cost At 1st of March 2023 Additions Disposals At 28 February 2024 6719 6719 Depreciation At 1st of March 2023 Charge for the year On disposals At 28 of February 2024 2966 751 3717 Net book value At 28 of February 2023 3002 ## **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| |---|---|---|---| ||||| ||29/02/2024|**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:**
**Name:**
**Relevant professional**
**qualification(s) or body**
**(if any):**|OLADAPO SULAIMON|20/12/2024| |---|---|---| |||| ||OLADAPO SULAIMON|| |||| ||ASSOCIATION OF CHARTERED ACCOUNTANTS|| 1 **Oct 2018** **IER** **Address:** 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**