WORLDWIDE CHURCH OF THE POWER OF GOD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31[st] MAY 2021
CHARITY NUMBER: 1189713
WORLDWIDE CHURCH OF THE POWER OF GOD (A COMPANY LIMITED BY GUARANTEE)
LEGAL & ADMINISTRATIVE DETAILS YEAR ENDED 31[ST] MAY 2021
ADDRESS FOR CORRESPONDENCE
36 WARWICK CLOSE BARNET HERTS EN4 9SF
REGISTERED CHARITY NUMBER
1189713
GOVERNING DOCUMENT
CIO – FOUNDATION REGISTERED 29[th] MAY 2020
TRUSTEES/ DIRECTORS
Mr Carlos Eduardo Napoli Da Silva Miss Vera Saunders Martins Rosa Bishop Carlos Eduardo Napoli Da Silva
PRINCIPAL BANKERS
Barclays Bank PLC 1 Churchill Place London E14 5HP
INDEPENDENT EXAMINER
FRESH FIRE ORGANISATION GENERATOR BUSINESS CENTRE 95 MILES ROAD MITCHAM CR4 3FH
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WORLDWIDE CHURCH OF THE POWER OF GOD 36 WARWICK CLOSE BARNET HERTFORDSHIRE EN4 9SF
INDEX Page Legal & Administrative Details 1 Index 2 Trustee’s Report 3 - 4 Independent Examiner’s Report 5 Statement of Financial Activities 6 Balance Sheet 7 Notes on the financial Statements 8 - 10
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WORLDWIDE CHURCH OF THE POWER OF GOD
TRUSTEES’ REPORT YEAR ENDED 31[st] MAY 2021
The trustees are pleased to present their report for the year ended 31[ST] May 2021 for the charity, Worldwide Church of the Power of God with charity number 1189713
The Trustees of the charity are: Mr Carlos Eduardo Napoli Da Silva Ms Vera Sanders Rosa
Mr Emilio Medeiros Sofia Rosa
The principal address of the charity is : 36 Warwick Close Barnet Herts EN4 9SF
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity governing document is a Memorandum and Articles of Association that was incorporated 9[th] December 2013 as amended by special resolution on 17[th] December 2014.The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.
OBJECTIVES AND ACTIVITIES
The Objects of the organisation is the advancement of the Christian faith in accordance with the Statement of Beliefs the United Kingdom.. 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 undertake.
ACHIEVMENTS AND PERFORMANCE
The Organisation continues to hold successful meetings through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. The organisation held several conferences during the year in which individuals came from all around the community to attend. This has produced good results in reaching and helping members of the community. They church also continues to run a soup kitchen that provided hot meals for the homeless in the community.
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FINANCIAL REVIEW
The income of the charity is above £40,000 and was from donations received from members. The church had to renovate the new premises that it moved into and this involved some extra costs. The church is an ongoing concern. This year they had a reasonable surplus at the end of the financial year.
RESERVE POLICY
It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure .This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to build up and maintain this level throughout the year.
RISK MANAGEMENT
The charity have assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.
TRUSTEE RESPONSIBILITIES
Under the Charities Act 2011,the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:
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Select suitable accounting policies and apply them consistently.
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Make judgements and estimates that are reasonable and prudent.
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State whether the applicable accounting standards have been followed.
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Prepare financial statements on an ongoing basis.
They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.
Approved by the Trustees on 14[th] September 2021 and signed on their behalf by:
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Independent Examiner’s Report To the Trustees WORLDWIDE CHURCH OF THE POWER OF GOD
I report on the accounts of the church for the year ended 31[st ] May 2021 set out on the following pages which have been prepared on the basis of the accounting policies shown in the corresponding pages.
Respective responsibilities of trustees and examiner
The trustees of the church are responsible for the preparation of accounts: they consider that the audit requirement under section 144(2) of the Charities Act 2011 (the 2011 Act),does not apply. It is my responsibility to :
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Examine the accounts under section 145 of the 2011 Act.
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Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 145(5)(b) of the 2011 Act.
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State whether particular matters have come to my attention.
Basis of Independent examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the church and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In the course of my examination, no matter has come to my attention;
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(1) which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that:
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proper accounting records are kept( in accordance with section 130 of the 2011 Act
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accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 2011 Act: or
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(10) to which , in my opinion , attention should be drawn in order to enable a
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proper understanding of the accounts to be reached.
Chuks Ajuka BSc(Man), FICB PMDip FRESH FIRE ORGANISATION Generator Business Centre 95 Miles Road Mitcham Surrey CR4 3FH
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WORLDWIDE CHURCH OF THE POWER OF GOD
Statement of Financial Activities for the year ended 31st May 2021
| Unrestricted | Total Funds | ||
|---|---|---|---|
| Funds | 2021 | ||
| Incoming Resources from | Note | £ | £ |
| generated funds | |||
| Donations and Legacies | 2 | 40619 | 40619 |
| Investment income | 3 | 0 | 0 |
| 40619 | 40619 | ||
| Other Income | 0 | 0 | |
| Total Incoming | 40619 | 40619 | |
| Resources | |||
| Resources Expended | |||
| Charitable activities in furtherance of objectives | |||
| Charitable Activities | 5 | 38,481 | 38,481 |
| Other | 4 | ||
| Total Resources | 38,481 | 38,481 | |
| Expended | |||
| Net movement in funds | 2,138 | 2,138 | |
| Reconciliation of Funds | |||
| Total Funds brought forward | 3563 | 3563 | |
| Total Funds carried forward | 5,701 | 5,701 |
The above funds are all classed as to purpose All movements of funds and all recognised gains and losses are included above.
The notes on the accounts form part of these accounts.
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WORLDWIDE CHURCH OF THE POWER OF GOD Balance Sheet as at 31st May 2021
| Note | 2021 | |
|---|---|---|
| Fixed Assets | £ | |
| Tangible fixed assets | 5 | 3412 |
| 3412 | ||
| Current Assets | ||
| Cash at bank and | 2689 | |
| in hand | ||
| Debtors & prepayments | 0 | |
| 2689 | ||
| Creditors:amounts falling due within one year | ||
| Creditors & accruals | 9 | 400 |
| ___ | ||
| Net Current Assets | 2289 | |
| ___ | ||
| Net Assets | 5701 | |
| Unrestricted Funds | ||
| General Fund | 5701 | |
| TOTAL FUNDS | 5701 |
Approved by board of Trustees on 14th September 2021
And signed on their behalf by Mr Carlos Eduardo Napoli Silva (Director)
Signature:________
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WORLDWIDE CHURCH OF THE POWER OF GOD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[TH] MAY 2021
1.1 Basis of Accounting
These accounts have been prepared under the historic cost convention with items Recognised at cost or transaction values otherwise stated in the relevant note(s) to These accounts. The accounts have been prepared in accordance with: The Statement of Recommended Practice: Accounting and Reporting by Charities Preparing their accounts in accordance with the Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014.
- 1.2 Going Concern: The accounts are prepared on a going concern basis.
1.3 The accounts present a true and fair view and no change have been made to the accounting policies adopted.
1.4 No changes to the accounting estimates have occurred in the reporting period
1.5 No material prior year error have been identified in the reporting period.
Recognition of Income
These are included in the Statement of Financial Activities (SOFA) when:
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The charity becomes entitled to resources;
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It is more likely than not that the trustees will receive the resources;
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The monetary value can be measured with sufficient reliability.
Grants and Donations
Grants and Donations are only included in the SOFA when the general income recognition criteria are met (5.10 to 512 FRS102 SORP)
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Tax reclaim on donations and gifts
Gift Aid receivable is included in the income when there is a valid declaration from the donor. Any gift aid amount recovered on a donation is considered to be part of that gift and is treated in addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
EXPENDITURE AND LIABILITIES
Liability Recognition
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
Grants and Support Costs
Support costs have been allocated between the governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
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WORLDWIDE CHURCH OF THE POWER OF GOD
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[th] MAY 2021
Creditors
The charity has creditors which are measured at settlement amounts less any trade discounts.
ASSETS
Tangible Fixed Assets for use by the charity
They are capitalised if they can be used for more than one year. They are valued at cost. The depreciation is calculated at 20% reducing balance method.
Debtors
Debtors are measured on initial recognition at settlement amount. Subsequently they are measured at cash.
.
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WORLDWIDE CHURCH OF THE POWER OF GOD
Accounts for the year ended 31th May 2021
2 Voluntary Income
Unrestricted Total fundsTotal funds Funds 2021 Church collections £ £ Donations 40619 40619 Total 40619 40619 3 Investment income Unrestricted Total funds Funds £ 2021/£ Bank Interest 0 0 4 Other Amount 2021/£ Mission expenses 0 Grants to Individuals < £1000 0 Welfare 0 0
| 5 Tangible Fixed Assets Cost At 29/05/2020 Additions At 31/05/2021 Depreciation At 29/05/2020 charge for the year At 31/05/2021 Net Book Value at 31/05/2021 Net Book Value at 29/05/2020 |
Fix & Fitt Instrument Equipment Total 2021 £ £ £ £ 1663 655 5287 7605 0 0 0 0 |
|---|---|
| 1663 655 5287 7605 |
|
| 571 287 2483 3341 218 73 561 852 |
|
| 789 360 3044 4193 |
|
| 874 295 2243 3412 |
|
| 1092 368 2804 4264 |
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WORLDWIDE CHURCH OF THE POWER OF GOD Notes to the accounts for year ended 31st MAY 2021
6 Charitable Activities
| Charitable Activities | |
|---|---|
| 2021/£ | |
| Rent of building | 9600 |
| Pastoral services | 18671 |
| Depreciation | 852 |
| Church events | 0 |
| Supplies | 441 |
| Telephone | 133 |
| Mission house costs | 8750 |
| Refreshments | 34 |
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Total 38481
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8 Debtors 2021/£
Debtors
Total 0
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Trustee Remuneration
No employee earned more than £20,000 p.a.
Trustee Carlos Napoli Da Silva received remuneration of £18671 for services rendered to charity for Pastoral Services
9 Creditors: amounts falling due within one year
| 2021/£ | |
|---|---|
| Creditors | |
| Independent exam | 400 |
| Total | 400 |
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