**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
THE WAY OF HOLINESS ENDTIME MINISTRY|Charity Name
THE WAY OF HOLINESS ENDTIME MINISTRY|Charity Name
THE WAY OF HOLINESS ENDTIME MINISTRY|
|---|---|---|---|
|||||
||29thFebruary 2024|**Charity**
**no (if**
**any)**|1182475|
|||||
||3-18|||
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 28 / 02 / 2023.
**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 £25,000 and I am qualified **examiner's** to undertake the examination by being a qualified member of The Association of Chartered Certified Accountants. **statement**
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._
**Date:** 21/12/2024 **Signed:** Olawale Olusanya **Name:**
Page **1** of **21**
**Relevant** FCCA **professional qualification(s) or body (if any):**
**Address:** 111 High Street, Sittingbourne Kent ME10 4AJ
## **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** No additional disclosures deemed necessary **that the examiner wishes to disclose** .
Page **2** of **21**
||**THE WAY OF HOLINESS ENDTIME MINISTRY**|**THE WAY OF HOLINESS ENDTIME MINISTRY**|**THE WAY OF HOLINESS ENDTIME MINISTRY**|Charity No
(if any)|**1182475**|**CC17a**|
|---|---|---|---|---|---|---|
||Annual accounts for the period||||||
||Period start date|01/03/2023|**To**|Period end
date|29/02/2024||
||||||||
|**Section A**|**Statement of financial activities**||||||
|**Recommended**
**categories by activity**
**Details of own**
**analysis**
Note
**Incoming resources (Note 3)**
**Incoming resources from**
**generated funds**
Voluntary income
S01
Activities for generating funds
S02
Investment income
S03
**Incoming resources from**
**charitable activities**
S04
**Other incoming resources**
S05
S06
**Resources expended(Notes 4-8)**
**Costs of Generating Funds**
Costs of generating voluntary
income
S07
Fundraising trading costs
S08
Investment management costs
S09
**Charitable activities**
S10
**Governance costs**
S11
**Other resources expended**
S12
S13
S14
S15
S16
S17
S18
S19
S20
S21
**_Total funds carried forward_**
**Total funds brought forward**
**_Net movement in funds_**
**_Net incoming/(outgoing) resources before_**
**_transfers_**
Gains and losses on investment assets
Gains and losses on revaluation of fixed assets
for the charity’s own use
**Other recognised** **gains/(losses)**
**_Net incoming/(outgoing) resources before_**
**_other recognised gains/(losses)_**
**Gross transfers between funds**
**_Total resources expended_**
**_Total incoming resources_**||**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total this**
**year**
**Total last year**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|||||
|||46,690|-|-|46,690|54,512|
|||-|-|-|-|-|
|||-|-|-|-|-|
|||-|-|-|-|-|
|||-|-|-|-|-|
|||-|-|-|-|-|
|||46,690|-|-|46,690|54,512|
||||||||
|||-|-|-|-|-|
|||-|-|-|-|-|
|||-|-|-|-|-|
|||-|-|-|-|-|
|||46,654|-|-|46,654|53,678|
|||513|-|-|513|513|
|||-|-|-|-|-|
|||47,167|-|-|47,167|54,191|
|||477
-|-|-|477
-|321|
|||-|-|-|-|-|
|||477
-|-|-|477
-|321|
||||||||
|||-|-|-|-|-|
|||-|-|-|-|-|
|||477
-|-|-|477
-|321|
|||910|-|-|910|589|
|||433|-|-|433|910|
Page **3** of **21**
## **Section B Balance sheet**
|**Fixed assets**
**Tangible assets (Note 9)**
**Investments (Note 10)**
**_Total fixed assets_**
**Current assets**
**Stock and work in progress**
**Debtors (Note 11)**
**(Short term) investments**
**Cash at bank and in hand**
**_Total current assets_**
**Creditors: amounts falling due**
**within one year (Note 12)**
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**
**Creditors: amounts falling due after**
**one year (Note 12)**
**Provisions for liabilities and charges**
**_Net assets_**
**Funds of the Charity**
**Unrestricted funds**
**Restricted income funds (Note 13)**
**Endowment funds(Note 13)**
**_Total funds_**
Signed by one or two trustees on behalf of all
the trustees|Note
B01
B02
B03
B04
B05
B06
B07
B08
B09
B10
B11
B12
B13
B14
B15
B16
B17
B18
B19
B20|**Unrestricted**
**funds**
**£**
F01|
**Restricted**
**income**
**funds**
**£**
F02|**Endowment**
**funds**
**£**
F03|**Total this**
**year**
**Total last**
**year**
**£**
**£**
F04
F05|**Total this**
**year**
**Total last**
**year**
**£**
**£**
F04
F05|
|---|---|---|---|---|---|---|
|||1,514|-|-|1,514|2,018|
|||-|-|-|-|-|
|||-|-|-|-|-|
|||1,514|-|-|1,514|2,018|
||||||||
|||-|-|-|-|-|
|||-|-|-|-|-|
|||-|-|-|-|-|
|||433|-|-|433|911|
|||433|-|-|433|911|
||||||||
|||-|-|-|-|-|
||||||||
|||433|-|-|433|911|
||||||||
|||1,947|-|**-**|1,947|2,929|
||||||||
|||-|-|-|-|-|
|||-|-|-|-|-|
||||||||
|||1,947|-|-|1,947|2,929|
||||||||
|||1,947|||1,947|2,929|
|||-|||-|-|
||||-||-|-|
|||||-|-|-|
||||||||
|||1,947|-|-|1,947|2,929|
||||||||
|||Signature||Print|Date of
approval
Name||
|||||**Tarilayefa Ogori**||20/12/2024|
||||||||
Page **4** of **21**
**Section C Notes to the accounts**
## Note 1 **Basis of preparation**
## _**This section should be completed by all charities** ._
## **1.1 Basis of accounting**
These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with:
- Accounting and Reporting by Charities – Statement of Recommended Practice (SORP 2005);
• and with* ✓ Accounting Standards;
or Financial Reporting Standards for Smaller Enterprises (FRSSE);
- and with the Charities Act.
[** except for the following].
- -Tick as appropriate:
- if all relevant disclosures shown in the pack have been given then please tick “Accounting Standards”;
- if disclosures completed in these accounts have been restricted to those required by the FRSSE, then please tick
- “Financial Reporting Standards for Smaller Enterprises (FRSSE)”.
** - If no departures from the chosen standards have been made then delete these words; otherwise give details of any changes in the boxes.
## **1.2 Change in basis of accounting**
There has been no change to the accounting policies (valuation rules and methods of accounting) since last year (§ except for the following).
## § if no changes have been made to accounting policies then delete these words.
## **1.3 Changes to previous accounts**
No changes have been made to accounts for previous years
Page **5** of **21**
**Section C Notes to the accounts (cont)**
## **Note 2 Accounting policies**
_**This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or additional policy has been adopted then this is detailed in the box below.**_
## **INCOMING RESOURCES**
**Recognition of incoming** These are included in the Statement of Financial Activities (SoFA) when: **resources** • the charity becomes entitled to the resources; • the trustees are virtually certain they will receive the resources; and • the monetary value can be measured with sufficient reliability. **Incoming resources with** Where incoming resources have related expenditure (as with fundraising or contract income) **related expenditure** the incoming resources and related expenditure are reported gross in the SoFA. **Grants and donations** Grants and donations are only included in the SoFA when the charity has unconditional entitlement to the resources. **Tax reclaims on donations** Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to **and gifts** which they relate. **Contractual income and** This is only included in the SoFA once the related goods or services have been delivered. **performance related grants** Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the **Gifts in kind** amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SoFA as incoming resources when receivable. **Donated services and** These are only included in incoming resources (with an equivalent amount in resources **facilities** expended) where the benefit to the charity is reasonably quantifiable, measurable and material _._ The value placed on these resources is the estimated value to the charity of the service or facility received. The value of any voluntary help received is not included in the accounts but is described in the **Volunteer help** trustees’ annual report. **Investment income** This is included in the accounts when receivable. **Investment gains and losses** This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. **EXPENDITURE AND LIABILITIES Liability recognition** Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. **Governance costs** Include costs of the preparation and examination of statutory accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters. **Grants with performance** Where the charity gives a grant with conditions for its payment being a specific level of **conditions** service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output. **Grants payable without** These are only recognised in the accounts when a commitment has been made and there are **performance conditions** no conditions to be met relating to the grant which remain in the control of the charity. **Support Costs** Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. **ASSETS Tangible fixed assets for use** These are capitalised if they can be used for more than one year, and cost at least £500. **by charity** They are valued at cost or a reasonable value on receipt. **Investments** Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value. **Stocks and work in progress** These are valued at the lower of cost or market value.
**POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE**
06/07/2022
CC17a (Excel)
## **Section C Notes to the accounts (cont)**
## **Note 3 Analysis of incoming resources**
## _**Incoming resources may be further analysed if this would help the reader of the accounts.**_
|**Activities for generating**
**funds**
**Investment income**
**Incoming resources from**
**charitable activities**
**Voluntary income**|**Analysis**|**This year**
**Last year**
**£**
**£**|**This year**
**Last year**
**£**
**£**|
|---|---|---|---|
||Offreing Received|46,690|54,512|
|||-|-|
|||-|-|
|||-|-|
|||-|-|
||**Total**|46,690|54,512|
|||||
|||-|-|
|||-|-|
|||-|-|
|||-|-|
|||-|-|
||**Total**|-|-|
|||||
|||-|-|
|||-|-|
|||-|-|
|||-|-|
|||-|-|
||**Total**|-|-|
|||||
|||-|-|
|||-|-|
|||-|-|
|||-|-|
|||-|-|
||**Total**|-|-|
7
## **Section C Notes to the accounts (co**
**Note 4 Analysis of resources expended**
**Resources expended may be further analysed if this would help the reader of the accounts.**
|**Fundraising trading**
**costs**
**Investment**
**management costs**
**Costs of generating**
**voluntary income**
**Governance costs**
**Charitable activities**|**Analysis**|**This year**
**Last year**
**£**
**£**|**This year**
**Last year**
**£**
**£**|
|---|---|---|---|
|||-|-|
|||||
||Rent of Halls|10,715|9,313|
||Church Events|1,676|1,734|
||Welfare|541|560|
||Substriptions|130|135|
||Stationeries|101|105|
||PastoralServices|3,424|3,543|
||Transport cost|1,178|786|
||Admin|115|120|
||Refreshments|225|233|
||Telephone andInternet|1,099|1,466|
||Supplies|227|235|
||Rates|1,218|1,260|
||Music Services|7,434|7,759|
||CharitableDonations|1,189|1,230|
||Maintenance Cost|324|335|
||Equipment|416|430|
||Insurance|293|184|
||Honorarium|200|200|
|||-|-|
||**Total**|30,504|29,628|
|||||
||Ministry|16,150|24,050|
|||-|-|
|||-|-|
|||-|-|
|||-|-|
||**Total**|16,150|24,050|
|||||
|||-|-|
|||-|-|
|||-|-|
||**Total**|-|-|
|||||
|||-|-|
|||-|-|
|||-|-|
|||-|-|
|||-|-|
||**Total**|-|-|
|||||
||Proffessional Fees|513|513|
|||-|-|
|||-|-|
||**Total**|513|513|
9
## **Section C Notes to the accounts (c**
## **Note 5 Support Costs**
## _**Please complete this note if the charity has analysed its expenses using activity categories and has support costs.**_
|**_support costs._**|||||
|---|---|---|---|---|
|**Support cost type**|**Fundraising activity**
**£**|**Charitable Activity**
**£**|**Governance Activity**
**£**|**Total Cost**
**£**|
||-|-|-|-|
||-|-|-|-|
||-|-|-|-|
||-|-|-|-|
||-|-|-|-|
||-|-|-|-|
||-|-|-|-|
|**Total**|-|-|-|-|
## **Note 6 Details of certain items of expenditure**
## **6.1 Trustee expenses**
_**Please provide details of the amount of any payment or reimbursement of out-of-pocket expenses made to trustees or to third parties for expenses incurred by trustees. If no expenses were paid, please enter ‘None’ in the appropriate box(es).**_
**Number of trustees who were paid expenses Nature of the expenses Total amount paid**
|**This year**|**Last year**|
|---|---|
|||
|||
|**£**|**£**|
## **6.2 Fees for examination or audit of the accounts**
_**Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner or auditor. If nothing was paid please enter NONE in the appropriate box(es).**_
|**_appropriate box(es)._**|||
|---|---|---|
|**Other fees (for example: advice, consultancy, accountancy**
**services) paid to the independent examiner or auditor**
**Independent examiner’s or auditors' fees for reporting on the**
**accounts**|**This year**
**£**|**Last year**
**£**|
||500|500|
||13|13|
10
**Section C Notes to the accounts (cont)**
## **Note 7 Paid employees**
_**Please complete this note if the charity has any employees.**_
## **7.1 Staff Costs**
|**7.1 Staff Costs**|**7.1 Staff Costs**|||
|---|---|---|---|
|**This year**
**Last year**
**£**
**£**
- -
- -
- -
- -
**This year**
**Last year**
**Number**
**Number**
**Fundraising**
- -
**Charitable Activities**
- -
**Governance**
- -
**Other**
- -
**Total ** - -
**7.2 Average number of full-time equivalent employees in the**
**year**
**Employer’s National Insurance costs**
**Pension costs**
**Total staff costs**
**Gross wages, salaries and benefits in kind**
**The parts of the charity in which the**
**employees work**||**This year**
**£**|**Last year**
**£**|
|||-|-|
|||-|-|
|||-|-|
|||-|-|
|||**This year**
**Number**|**Last year**
**Number**|
||**Fundraising**|-|-|
||**Charitable Activities**|-|-|
||**Governance**|-|-|
||**Other**|-|-|
||**Total **|-|-|
**7.3 Defined contribution pension scheme** _**Please complete if a defined contribution pension scheme is operated.**_ **Brief details of the scheme**
**----- Start of picture text -----**
This year Last year
£ £
The costs of the scheme to the charity for the year
The amount of any contributions outstanding at the year end
The amount of any contributions prepaid at the year end
**----- End of picture text -----**
11
## **Section C Notes to the accounts (cont)**
## **Note 8 Grantmaking**
_**Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.**_
## **8.1 Total value of grants**
|**8.1 Total value of grants**|||
|---|---|---|
|**Purpose for which grants made**|**Grants to**
**institutions**
**Total amount £**|**Grants to**
**individuals**
**Total amount £**|
||-|-|
||-|-|
||-|-|
||-|-|
||-|-|
||-|-|
|**_Total_**|**-**|**-**|
## **8.1 Grantmaking costs**
_**If the charity’s accounts are prepared on the “activity basis” please give details of any support cost associated with grantmaking. Please enter “Nil” if the charity does not identify and/or allocate support costs.**_
## **Support costs of grantmaking**
**£**
## **8.3 Grants made to institutions**
_**If the charity has made grants to particular institutions that are material in the context of its grantmaking please give details of the institution supported, purpose of the grant and total paid to each institution listed. Sufficient information should be given to provide a reasonable understanding of the range of institutions supported.**_
|**_institutions supported._**|||
|---|---|---|
|**Names of institutions**|**Purpose**|**Total amount of**
**grantspaid £**|
|||-|
|||-|
|||-|
|||-|
|||-|
|||-|
|||-|
|||-|
|||-|
|||-|
|**_Total grants to institutions_**||**-**|
12
**Section C Notes to the accounts (c**
||||||||
|---|---|---|---|---|---|---|
|**Note 9 Tangible fixed assets**|||||||
|**_Please complete this note ifthe charity has any tangible fixed assets_**|||||||
|**9.1 Cost or valuation**|||||||
||**Freehold land**
**& buildings**|**Other land &**
**buildings**|**Plant,**
**machinery**
**and motor**
**vehicles**|**Fixtures,**
**fittings and**
**equipment**|**Payments on**
**account and**
**assets under**
**construction**|**Total**|
||**£**|**£**|**£**|**£**|**£**|**£**|
|Balance brought
forward|-|-|-|2,523|-|2,523|
|Additions|-|-|-|-|-|-|
|Revaluations|-|-|-|-|-|-|
|Disposals|-|-|-|-|-|-|
|Transfers *|-|-|-|-|-|-|
|Balance carried
forward|-|-|-|2,523|-|2,523|
|**9.2 Accumulated depreciation and impairment provisions**|||||||
|****Basis**|SL or RB|SL or RB|SL or RB|SL or RB|SL or RB||
|**** Rate**|||||||
||||||||
|Balance brought
forward|-|-|-|505|-|505|
|Depreciation charge
foryear|-|-|-|505|-|505|
|Impairment provisions|-|-|-|-|-|-|
|Revaluations|-|-|-|-|-|-|
|Disposals|-|-|-|-|-|-|
|Transfers*|-|-|-|-|-|-|
|Balance carried
forward|-|-|-|1,009|-|1,009|
||||||||
|**9.3 Net book value**|||||||
|Brought forward|-|-|-|2,018|-|2,018|
|Carried forward|-|-|-|1,514|-|1,514|
||||||||
|**9.4 Revaluation**|||||||
|**_If any fixed assets have been revalued please give details of the valuer and method of valuation_**|||||||
||||||||
||||||||
|---|---|---|---|---|---|---|
|**Note 9 Tangible fixed assets**|||||||
|**_Please complete this note ifthe charity has any tangible fixed assets_**|||||||
|**9.1 Cost or valuation**|||||||
||**Freehold land**
**& buildings**|**Other land &**
**buildings**|**Plant,**
**machinery**
**and motor**
**vehicles**|**Fixtures,**
**fittings and**
**equipment**|**Payments on**
**account and**
**assets under**
**construction**|**Total**|
||**£**|**£**|**£**|**£**|**£**|**£**|
|Balance brought
forward|-|-|-|2,523|-|2,523|
|Additions|-|-|-|-|-|-|
|Revaluations|-|-|-|-|-|-|
|Disposals|-|-|-|-|-|-|
|Transfers *|-|-|-|-|-|-|
|Balance carried
forward|-|-|-|2,523|-|2,523|
|**9.2 Accumulated depreciation and impairment provisions**|||||||
|****Basis**|SL or RB|SL or RB|SL or RB|SL or RB|SL or RB||
|**** Rate**|||||||
||||||||
|Balance brought
forward|-|-|-|505|-|505|
|Depreciation charge
foryear|-|-|-|505|-|505|
|Impairment provisions|-|-|-|-|-|-|
|Revaluations|-|-|-|-|-|-|
|Disposals|-|-|-|-|-|-|
|Transfers*|-|-|-|-|-|-|
|Balance carried
forward|-|-|-|1,009|-|1,009|
||||||||
|**9.3 Net book value**|||||||
|Brought forward|-|-|-|2,018|-|2,018|
|Carried forward|-|-|-|1,514|-|1,514|
||||||||
|**9.4 Revaluation**|||||||
|**_If any fixed assets have been revalued please give details of the valuer and method of valuation_**|||||||
||||||||
13
## **Section C Notes to the accounts (cont)**
## **Note 10 Investment assets**
## _**Please complete this note if the charity has any investment assets.**_
## **10.1 Fixed assets investments**
**£** Carrying (market) value at beginning of year - **Add:** additions to investments at cost - **Less:** disposals at carrying value - **Add/(deduct):** net gain/(loss) on revaluation - Carrying (market) value at end of year -
## _**Please provide below:**_
**10.2 A breakdown of the market values of investments shown above agreeing with the balance sheet row B03.**
## **10.3 A breakdown of the income from investments agreeing with SOFA row S03.**
|**Analysis of investments**
**Investment properties **
**Investments listed on a recognised stock exchange or**
**held in common investment funds, open ended**
**investment companies, unit trusts or other collective**
**investment schemes**
**Investments in subsidiary or connected undertakings and**
**companies **
**Securities not listed on a recognised Stock Exchange **
**Cash held as part of the investment portfolio**
**Other investments **
**Total**|**10.2**
**Market value**
**at year end**
**£**|**10.3**
**Income from**
**investments**
**for the year**
**£**|
|---|---|---|
||-|-|
||-|-|
||-|-|
||-|-|
||-|-|
||-|-|
||-|
-|
## **10.4 Material investment holdings**
**If any single investment is material in terms of its value (for example represents more than 5 per cent of the value of the charity’s total investments) please provide details.**
**Investment held**
14
Markel Value
15
## **Section C Notes to the accounts (cont)**
|||||||
|---|---|---|---|---|---|
|**Note 11 Debtors and prepayments**||||||
|**_Please complete this note ifthe charity has any debtors or prepayments._**||||||
|**Analysis of debtors**|**Amounts falling due**
**within oneyear**||**Amounts falling due after**
**more than oneyear**|||
||**This year**|**Last year**|**This year**|**Last year**||
||**£**|**£**|**£**|**£**||
|**Trade debtors**|-|-|-|-||
|**Amounts due from subsidiary and associated**
**undertakings**|-|-|-|-||
|**Other debtors**|-|-|-|-||
|**Prepayments and accrued income**|-|-|-|-||
|**Total**|-|-|-|-||
|||||||
|**Note 12 Creditors and accruals**||||||
|**_Please complete this note ifthe charity has any creditors or accruals._**||||||
|**12.1 Analysis of creditors**||||||
||**Amounts falling due**
**within oneyear**||**Amounts falling due after**
**more than oneyear**|||
||**This year**|**Last year**|**This year**|**Last year**||
||**£**|**£**|**£**|**£**||
|**Loans and overdrafts**|-|-|-|-||
|**Trade creditors**|-|-|-|-||
|**Amounts due to subsidiary and associated**
**undertakings**|-|-|-|-||
|**Other creditors**|-|-|-|-||
|**Accruals and deferred income**|-|-|-|-||
|**Total**|-|-|-|-||
|||||||
|**12.2 Security over assets**||||||
|**_If any loan, overdraft or other creditor holds a charge or other security over any assets of the charity_**
**_please provide details._**||||||
|||||||
|||||||
|||||||
|---|---|---|---|---|---|
|**Note 11 Debtors and prepayments**||||||
|**_Please complete this note ifthe charity has any debtors or prepayments._**||||||
|**Analysis of debtors**|**Amounts falling due**
**within oneyear**||**Amounts falling due after**
**more than oneyear**|||
||**This year**|**Last year**|**This year**|**Last year**||
||**£**|**£**|**£**|**£**||
|**Trade debtors**|-|-|-|-||
|**Amounts due from subsidiary and associated**
**undertakings**|-|-|-|-||
|**Other debtors**|-|-|-|-||
|**Prepayments and accrued income**|-|-|-|-||
|**Total**|-|-|-|-||
|||||||
|**Note 12 Creditors and accruals**||||||
|**_Please complete this note ifthe charity has any creditors or accruals._**||||||
|**12.1 Analysis of creditors**||||||
||**Amounts falling due**
**within oneyear**||**Amounts falling due after**
**more than oneyear**|||
||**This year**|**Last year**|**This year**|**Last year**||
||**£**|**£**|**£**|**£**||
|**Loans and overdrafts**|-|-|-|-||
|**Trade creditors**|-|-|-|-||
|**Amounts due to subsidiary and associated**
**undertakings**|-|-|-|-||
|**Other creditors**|-|-|-|-||
|**Accruals and deferred income**|-|-|-|-||
|**Total**|-|-|-|-||
|||||||
|**12.2 Security over assets**||||||
|**_If any loan, overdraft or other creditor holds a charge or other security over any assets of the charity_**
**_please provide details._**||||||
|||||||
|||||||
16
## **Section C Notes to the accounts (cont)**
## **Note 14 Transactions with related parties**
_**If the charity has any transactions with related parties (other than the trustee expenses explained in note 6) details of such transactions should be provided in this note. If there are no transactions to report, please enter “None” in the relevant boxes.**_
## **14.1 Remuneration and benefits**
_**Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee or other related parties by the charity or any institution or company connected with it.**_
**----- Start of picture text -----**
Amounts paid or benefit value
Legal authority (eg order,
Name of trustee or connected party governing document) This year Last year
£ £
14.2 Loans
Please give details of and amounts owing to or from the charity’s trustees or other related parties by the
charity at the year end.
Amount owing
Name of trustee or
Legal authority This year Last year
connected party
£ £
Due to trustees and
related parties
Due from trustees
and related parties
14.3 Other transaction(s) with trustees or related parties
Please give details of any transaction undertaken by (or on behalf of) the charity in which a trustee or
related party has a material interest.
Name of the trustee Relationship to Description of the This year Last year
or related party charity transaction(s) £ £
**----- End of picture text -----**
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## THE WAY OF HOLINESS ENDTIME MINISTRY
For the Year Ended 29[th] February 2024
**ADDRESS:** The Way of Holiness Endtime Ministry Stratford Methodist Church Bryant Street London E15 4RU
**CHARITY NUMBER:** 1182475 **TRUSTEES:** Juliana Olujinmi Tarilayefa Ogori Adebimpe Ogedengbe **MINISTER-IN-CHARGE:** Reverend Emmanuel Olafisoye **ACCOUNTANTS:** Trinity Essex Limited 111 High Street Sittingbourne, Kent ME10 4AJ Tel: 07539219351 **BANKERS:** HSBC Bank 118 High Street London E6 2HX
**GOVERNING INSTRUMENT** Constitution Adopted 14[th] March 2019
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Report of the Trustees for the year ended 29[th] February 2024
The trustees of The Way of Holiness Endtime Ministry present their report along with Income & Expenditure statements and Balance sheet for the year ended 29[th] February 2024.
## **Aims and objects of the Charity.**
The Objects of the organisation are first to advance the Christian faith in accordance with the statement of beliefs for the benefit in the United Kingdom and in such other parts of the world as the trustees may think fit from time to time. The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should
## **What we do, who we help and how we operate!**
- Education and Training
- The prevention or relief of poverty
- Religious activities
- Children and young people
- Elderly and old people
- Provides services, advocacy, advice and information
## **Financial Review and Funding sources**
With due consideration to the present economic recession and financial hardship, the charity has been successful in experiencing an increase in income compared to the previous financial year.
From the Income and Expenditure Account for the year ended 28[th] February 2023, total Income experienced an increase of £2,2898 (in spite of the current economic climate) from £51,614 for year ended 28[th] February 2022 to £54,512 for year ended 28[th] February 2023.
Total Expenditure experienced an increase of £1965 from £52,226 for the year ended 28[th] February 2022 to £54,191 for the year ended 28[th] February 2023 due to an increase in music services cost
All income received by the charity has been solely from voluntary donations and Gifts from the congregation, visitors and other members of the public.
## **Focus of our work in Public benefit**
- **Support for the Elderly Homes and Hospital Visits**
The Way of Holiness Endtime Ministry supports various local charity that helps stop local people/families in crisis and in need from going hungry, by providing emergency food and local support. The charity Centre provides support by donating non-perishable foods and financial support on an on- going basis.
## • **Welfare Projects & Family Support**
Charity has been active and supportive throughout the year in the prevention and relief of poverty through welfare projects and family support particularly for struggling single-parents and families in need, when the needs are identified. Assistance has usually been by the provision of essential groceries, educational materials for their children.
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**Trustees Report and Summary of activities - Year end** 29[th] February 2024
## • **Wednesday Bible Class /service. – On going all year.**
An interactive Bible study open to church members and the wider community, holds every Tuesdays throughout the year. There is usually a question-and-answer session after the Bible study. Tuesday meetings take place online via ZOOM. All our services are open to members of the community.
## • **Sunday services – On going all year.**
Sunday services take place at the church’s Stratford and Grays auditorium which accommodates the adult church and the various age-directed children’s classes. The building is within walking and driving distance of the local community we serve in the London area. All our services are open to members of the community.
## • **Holy Communion**
The Way of Holiness Endtime Ministry observes Holy Communion on the first Sunday of every month. All members of the congregation are enjoined to participate.
## • **Children’s Ministry and Crèche – On going- all year**
Every week, the children, in age directed classes, are taught on principles of life from a biblical perspective. They are free to express themselves and can explore and ask questions. Periodically throughout the year, the children have presentations to the church in drama, songs and musical instrumentation. The team of workers and volunteers who oversee the Crèche and Children’s ministry are
C.R.B (Criminal Records Bureau) certified. We also have a Child Protection Policy in place which is reviewed in accordance with changes and updates in legislation.
## • **Youth Mentoring- On going –all year**
Every week, the Youths, in friendly and relaxed environment are mentored and tutored from a biblical point view on issues facing young people in this generation. Some of these issues of discussion focus on drugs, alcohol, sex and sexually transmitted diseases, peer pressure.
Along with teaching them on spiritual matters, they are also encouraged by guidance and counselling, to pursue a fulfilling career/academic discipline in their area of strength.
The youths are encouraged and supported to have freedom of expression. They usually have performances and presentations in drama and song, often reflective of what they had learnt and embraced in the previous months.
## • **Prayer & Fasting**
As a church, throughout the year regular prayer and fasting is organized with a prayer meeting held for one hour in the evening online.
## • **31[st ] December 2022- Watch-night service & Testimony night**
The end of year celebration was marked with a concert by the church’s choir, testimonies of victories over the year, the message for the New Year and a prayer session.
## • **Growth & Expansion Strategy**
The major evangelical tools adopted by The Way of Holiness Endtime Ministry are occasional adverts in the local newspapers, fliers distributed periodically within the local community and word of mouth. All our community participation and integration activities are employed as evangelical tools.
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**Trustees Report and Summary of activities - Year end** 29[th] February 2024
## • **Reserves Policy**
The trustees have considered it prudent to establish and maintain a policy of unrestricted funds which are the free reserves of the charity to enable the smooth payment of running costs for the immediate future.
## • **Risk Management**
The trustees have carried out a review of the major risks to which the church could be exposed and procedures have been implemented to lessen these risks where applicable. The risks and procedures are reviewed on an ongoing basis to accommodate changes in legislation in every area of our operations. The use of certified agents, liability insurances, monitoring new and updated legislative provisions are some of the steps that have been adopted.
## • **Statement of Trustees’ Responsibilities.**
Trustees meet once every 3 month . Other meetings are scheduled as occasion demands.
Charity law in England and Wales requires that trustees prepare financial statements for each financial year which gives a true and fair view of the state of affairs of the charity and of its financial activities during the year and of its financial position at the end of the year.
In preparing those financial statements, the trustees are required to:
- Select suitable accounting policies and then apply them consistently.
- Make judgements and estimates that are reasonable and prudent.
- State whether applicable accounting standards and statements of recommended practice have been followed subject to any material departures disclosed and explained in the financial statements.
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity 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 charity and to enable them to ensure that the financial statements comply with the Charities Act and Regulations.
They are also responsible for safeguarding the assets of the charity hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
On behalf of the Board of Trustees
## Tarilayefa Ogori
Trustee. 20 December 2024
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