Client: WORD OF GRACE CHRISTIAN FELLOWSHIP COMPANY LIMITED BY GUARANTEE CHARITY REGISTRATION NUMBER: 1184538 ACCOUNTS FOR THE YEAR 2023 . ERIKSON AND COMPANY LTD (Accountants and Tax Consultants) 652 HIGH ROAD LEYfoN LONDON E10 6RN Tel: 02034173450 WORD OF GRACE CHRISTIAIY FELLOWSHIP COMPANY LIMITED BY GUARANTEE FOR THE YEAR ENDED 31 DECEMBER 2023 cONTE1￿s PAGES I. CHARITY INFORMATION 2. EXAMINER REPORT 3. REPORT OF HONORARY TREASURER 4. STATEMENT OF FINANCIAL STATEMENTS S. STATEMENT OF FINACIAL POSITION 6. NOTES TO THE ACCOU 7-10 WORD OF GRACE CHRISTIAN FELLOWSHIP COMPANY LIMITED BY GUARANTEE CHARITY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2023 CIL4RITY NUMBER: 1184538 REGISTERED OFFICE: 45 DARDEN LOUGH NEW CASTLE UPON TYNE NE5 5YE TRUSTF.FS: AUGUSTINF. OCHEBIRI MABEL NJIDEKA OCHEBIRI HELEN IDEMUDIA DIEGO OBINNA OCHEBIIU SECRETARY: AUGUSTINE OCHEBIRI ACCOUNTAIYTS: ERIKSON AND COMPANY LIMITED (AccouNfAKfs & TAX CONSULTANTS) 652 HIGH ROAD LEYTON GROUND FLOOR OFFICE LONDON EIO 6RN Page I ACCOUNTANT'S REPORT WORD OF GRACE CHRISTIAN FELLOWSHIP COMPANY LIMITED BY GUARANTEE FOR THE YEAR ENDED 31 DECEMBER 2023 We hav¢ ¢xamin¢d th¢ accounts of the church for the year ended 31 December 2023 which are set out on pages 5 to 10. Basis of the Re ort Ow examination was carried out in accordance with the General Directions given by the ChaTity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosurcs in tbe accounts, and seeking explanations from you as trustees CODcerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audiL and consequently we do not express an audit opinion on the view given by the accounts. In connection with our examination. no matter l)&8 Come to our attention". (i) Which gives us re&wnable cause to believe that in any material respcct the requirements to keep accounting records in accorthce with section 130 of the 2011 Act" and to prepare accounts which accord with the accounting rwords and to comply with the accounting requirements of the 2011 Act. have not been meL or {2) to which in our opinion, attention should be draHTh in order to enable proper understanding of the accounting to b¢ r¢ached. ERIKSON AND COMPANY LIMITED ACCOUNTAPttS AND TAX CONSULTANTS 652 HIGH ROAD LEYTON GROUND FLOOR OFFICE LONDON EJO 6RIY DATE...2. Page 2 WORD OF GRACE CHRISTIAN FELLOWSHIP COMPANY LIMITED BY GUARANfEE REPORT OF HONORARY TREASURER FOR THE YEAR ENDED 31 DEcEI￿BER 2023 The Treasurer h&8 plc&surc in p￿￿￿tIng thc ADnual Report and Financial Statements for the y&2r ended 31 December 2023. Ob ects of the O aDization Th¢ objective is to seek to glorify God with the preaching of the Gospel and to create impact on the community Posltively. Princi al Attivities The principal activity of the organisalion throughout the period was the propagatffton of the Word of God. Page 3 11,'ORI) OTr G￿lLE C"IIRISTlIl.Y FF.l.i.nitrsiiir oI,Ip.4NI' 1.1 III"I'Tr'I) IIY GL.KJI.INTF.F. REI'()RT I)F THF. H()IOR,.IRI: fRLIl%URFR kC)R TEIF. I'"F.IlR tr:NI)I.I).11 I)F.C."ETrIIJER 2023 Nyjb_li(bn .letii'iti prkyding t￿. I%.0￿ ol Gthj wxl [fL￿laImi1￿I ik. IL'achinvR of Jcwq C".liri*i. CoutL*'.Ilinu in ￿￿.L*l ilf IhL"iT t￿()￿￿1 rniblcm% And IDol>ng aller pe4)pIL iiioI TKrd& gii'ing 5piriti￿ hdings io meiiibe¥8 pwhlic <11 IArEL. ihlfr Tr-ii¢d ilK4et$ for ust b . Iht Ch#rili iTrrgatJ15alion ¥i8nilii'ani addilion Io IL* wILsibJc lixcd durinL rhi.. periiKI Tb.¢r¥ Th) p￿71-I￿li￿n l-j)r i&T liubililii {M ihL' roEult of ihc yur ￿ the or￿n1.￿l[lOv1 i4'ilS Rcrllj31iThxl olwitsbli orbyan￿È1LaOft- Lharit* iNo_ I184i3 C>tli¢¥YS Trt"shi orwisauot) ￿,hO *rvL41 durinv the veat fol1v￿￿- .AvÈiistiiJ¢ Qkkbifi. 11.1A￿l C. Ckkn4TrArt. I leJl¢tt Iderttud￿ knd Die. O. Ochebiri -4cttsuntJnL4 F.riKv)n C-nini)3fi!.' Liil)itert l).ii'e %how'i) Iheji. ￿.11111￿￿%% Io ixmlinue in ILY. The r aPPOU)U))¢ni 10 UL( as.ILcCuni￿fjL￿ i%jll ￿ Pul lii rJ)L OniLLr> di di¢ir mLiiini7 Tru*tix% -Attsb￿%11iit {>t1￿￿11 i. Wjahil {'. ()cl)cl)ii"i. FILIILn IdLiiiiMlJa &"hd l)ILWiJ O. (K-h¢biri BI. OKDE"K ()P I FIE-I'KLISTLL QFL41RN.L.IN, WORD OF GRACE CHRISTIAN FF,LLOWSHIP COMPANY LIMITED BY CUARANTEE srATE.MENT OF FINANCIAL ACTtvrriES FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestttitted Restricted Endowmtnt Funds Funds Funds Total Fu&ds 2023 Notes 2022 INCOME Incoming resources from donors (hher incoming resources 5.182 5,182 6,551 2a TOTAL tNCOMtNG RESOURCES RESOURCES EXPENDED Costs of generating funds Missionary and Charitable giving Activiiies directly relating io the work of the church 3b 5.636 5.636 3,670 Church management and administration 626 626 TOTAL RESOURCES EXPENDED NET INCOMINGI(OUTGOllYG) RESOURCES GAINS AND LOSSES ON INVESTMEiYrs Page 5 Il'nRD CRA ".F;_C"IIR15TLI,& FEI.LOITrSHJP C-U)IVA.)I' Lif•llTTr.D BI, C: I.IRAY'IF.E TF.IllFTrT OF FIN'ANci.IL I¥)KI"I IIIN AI. AT 31 DF.CENIBIR 2412J ZQZ3 21122 18.7.11 HJ)d CiiRRE.¥r LLiklLITIES ..11:n¥ dÉi¢. ii'iihin orr (hher L￿di1•y* ind 4rcnJttL% 18.589 I I.OK6 l) IJC- "fP.11ll_I.IA uii.ri l.%nou71 rullin¥F duc Jtb(Ye than on¢!itar) ACC-I1%1LIL4'1'kD I,'LID4D FSaLaiiL= FI.,'F .bbl (1.0S0_i .4I>PR()I'I.'D BV TIIF. BI)ARD r)r TRU_S WORD OF GRACE CHRisfIAN FELLOWSHIP COMPANY LIMITED BY GUARANTEE ]YOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 I. ACCOUNTING POLJCIES The accounts are prepared under the historical cost convention with the exception of investtnents which are stated at market value. They ¢omply with the requirements of Statement of Recommended Practic¢ 'Accounting Charities, CSORP,) and are in accordance with applicable accounting Stsndards. b. Limited by gurantee The trustees are limted by £1 eA¢h in case of wind up. . General accumulated fijnds fi￿d5 available to the church for its general purposes and include funds designated by the Church for a partt¢ular pvrFX￿- th¢ u5¢ of such designated funds remains at the discretion of the Chur¢h's d. There is no Restrieted Fund at thc Tnom¢nL . The governance, tnanagement artd administration ex￿nseS reported iEt note 3 relate to the whole of the Church's aciiviiies and a proportion of ihese charges are alloca￿￿ tti exwdiwre heading5 on a basis consistent wRth the use of th¢ resour￿5. f. lttvestments are stst¢d at market value. It is the Chur¢h's policy to kttp valuations up to date such that when snve5tJnents are 501d there 15 no gain or lo&s arising to previous vear5. g. Tangible assets are included at cost and depreciation 15 provided on a Straight lira¢ basi& in order to write off the assds over their uge￿I lives. All expenditure is accounted for on an AccrLthI Basis. The depreeiatioD r#tts are ss follows: Freehold buildings Printing equipment and computer hardware Fixtures and Fittings Equipment Nil IOYO 100/. 201/Tr0 2. INCOMING RESOURCES Unrestrieted Restrieled EndoFrnienl Funds Totsl Funds 2023 2022 Incoming resourcesfrom donors planned giving: Tithe5 Offering Anniversary Thanks giving Donatk)ns others11n￿rest TOTAL INCOMRNG RESOURCES 2,300 2J32 2,300 2,532 230 230 120 120 Page 7 WORD OF GRACE CHRISTIAN FELLOWSHIP COMPANY LIMITED BY GuARA￿rEE NOTES TO THE FIP4ANCIAL STATETrIEiYrs CONTD. FOR YEAR ENDED 31 DECEMBER 2023 2* INTEREST 2023 2022 Bank Interest FIXED ASSETS Fisturts & ul 20/0 Total Cost At l January 2023 Addition At 31 December 2023 1.130 1.130 teDe reciatioD BIF- l January 2023 Charge for the year At 31 December 2023 226 226 Net Book V*lue At 31 December 2023 At 31 December 2022 Page 8 WORD OF GRACE CHRISTIAN FELLOWSHIP COMPANY LIMITED BY GUARANTEE NOTES TO STATEMENT OF FINANCIAL ACTtVlTIES FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 TOTAL TNCOMINC RESOURCES Tithes Offering Anniversary Thanks giwng Donations Others Inteltst frotn tkposit Accounts 2JIK) 2532 230 120. 6.551 5,182 6,551 5,182 6,55 1 6,551 EXPENDITURES MiSSIONARY ICHARITABLE GIVING Missionary giving CHURCH RUNNING ACTIVITIES Rents 2,370 Light & Heating Water Rate Advertisemwt & Flyer5 Honourariurn Legal & Professiona] fees Printing Postsges & Stationeries Telephone Expenses Comput¢r Software 1.050 500 358 442 155 236 Insurance Charitable Activiti& 5,112 3,670 CHUR H MAINTENANCE Church Cleaning Repairs & Maintenance W&ste Removal Decorarions Page 9 WORD OF GRACE CHIUSTIAN FELLOWSHIP COTrIPAP4Y LIMrfED BY GUARATr4TEE NOTES TO THE FINANCIAL STATEMENTS coNrD. FOR THE YEAR ENDED JI DECEMBER 2023 EVANGELIS Transport & Trdvelling 455 455 WELFAREICOMMUNITY EXPENSES Welfare 69 Community Expcnses ADMJNISTRA TJON Sundry Expens¢5 Pastortal Expenses A¢¢ountancy fee Depreciation Bank Charges 226 626 NET INCOMINGI(oufGOING) RESCOURCFS Unrestricted Re5trfftcted Endowm￿1 Funds Funds Funds Total Funds 2023 2022 3. RESOURCES EXPENDED Mi55ionary andcharitablegiving." 3b. Activities direetty relating lo church work Church- rvnning expenses Church maintenance Evangelism Welfarelcommunity Expenses 5.112 5,112 455 69 455 69 Church Managen￿RI andudmini3tratsoR Admini51rdtion I Admini5tr&tion 2 (Depreciwion) Bank CharLJes 4(K> 226 1.330 4,016 299 646 226 TOTAL RESOURCES EXPEl￿ED Page 10 WORD OF GRACE CHIUSTIAN FELLOWSHIP CO￿ANy LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STA TEMENTS coNrD. FOR THE YF.AR ENDED 31 DF.CEMBER 2023 BANK BALANCES Account No. I 18,741 18.741 Unrestrirted Restricted Endowment Totsl Funds Funds Funds FU￿d5 2023 2022 CREDrroRS AND ACCRUALS Balance BIF Less Payments Accountancy and Book-keeping Others 8.189 8.189 8,189 4(M) 400 LONG TERM LIABILITY Bank Loans P&ge 11