Charity registration number: 1194235
WORLD SOUL WINNING EVANGELISTIC MINISTRY (WOSEM) TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
JOS ACCOUNTANTS LIMITED Unit 3 51-57 High Street South East Ham London E6 6EJ
WORLD SOUL WINNING EVANGELISTIC MINISTRY (WOSEM) Contents
| Page | |
|---|---|
| Trustees' Report | 1—2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6—7 |
| The following pages do not form part of the statutory accounts: | |
| Detailed Statement of Financial Activities | 8 |
WORLD SOUL WINNING EVANGELISTIC MINISTRY (WOSEM) Trustees' Report For The Year Ended 31 January 2025
The trustees present their report and the financial statements for the year ended 31 January 2025.
Objectives and Activities
Aims and Objectives
The charity’s objects are the advancement of the Christian religion worldwide and the relief of poverty. The charity pursues these objects through the operation of a Christian worship centre and related faith-based activities.
Public Benefit
The trustees confirm that they have had due regard to the Charity Commission’s guidance on public benefit. Activities promote spiritual wellbeing, moral values, community cohesion, and support for those in need without discrimination.
The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.
Reference and Administrative Details
Trustees
Mr Sunday Oduala - Secretary Mr Ganiyu Fasan Dr Ronke Adegbulugbe Tanko Dr Abraham Obadare - Chairman
Charity Number
1194235
Principal Address
15 HOPEWELL CLOSE CHAFFORD HUNDRED GRAYS RM16 6EL
Independent Examiner
Onasanya Ogundele AFA MIFA FCA JOS ACCOUNTANTS LIMITED Unit 3 51-57 High Street South East Ham London E6 6EJ
Page 1
WORLD SOUL WINNING EVANGELISTIC MINISTRY (WOSEM) Trustees' Report (continued) For The Year Ended 31 January 2025
The trustees' report was approved by the board of trustees and signed on its behalf by:
Dr Abraham Obadare Trustee 24th January 2026
Page 2
WORLD SOUL WINNING EVANGELISTIC MINISTRY (WOSEM) Independent Examiner's Report to the Trustees of WORLD SOUL WINNING EVANGELISTIC MINISTRY (WOSEM) For The Year Ended 31 January 2025
I report to the trustees on my examination of the accounts of WORLD SOUL WINNING EVANGELISTIC MINISTRY (WOSEM) (the Trust) for the year ended 31 January 2025.
Responsibilities and Basis of Report
As the charity trustees of the Trust 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 the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent Examiner's Statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and contents 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.
Onasanya Ogundele AFA MIFA FCA 24th January 2026 Unit 3 51-57 High Street South East Ham London E6 6EJ
Page 3
WORLD SOUL WINNING EVANGELISTIC MINISTRY (WOSEM) Statement of Financial Activities For The Year Ended 31 January 2025
| Notes INCOME AND ENDOWMENTS FROM: Charitable activities: Worship service EXPENDITURE ON: Charitable activities: 3 Worship service Propagation of christian faith NET INCOME NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward as previously stated Prior year adjustment Total funds brought forward as restated TOTAL FUNDS CARRIED FORWARD 8 The notes on pages 6 to 7 form part of these financial statements. |
2025 Unrestricted funds £ 4,084 |
|---|---|
| (2,750) (720) |
|
| (3,470) | |
| 614 | |
| 614 - 166 166 |
|
| 780 | |
Page 4
WORLD SOUL WINNING EVANGELISTIC MINISTRY (WOSEM) Balance Sheet As At 31 January 2025
| Notes CURRENT ASSETS Cash at bank and in hand Creditors: Amounts Falling Due Within One Year 7 NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS OF THE CHARITY Unrestricted Funds TOTAL FUNDS 8 On behalf of the board Dr Abraham Obadare Trustee 24th January 2026 |
2025 Unrestricted funds £ 980 |
|---|---|
| 980 (200) |
|
| 780 | |
| 780 | |
| 780 | |
| 780 | |
| 780 | |
The notes on pages 6 to 7 form part of these financial statements.
Page 5
WORLD SOUL WINNING EVANGELISTIC MINISTRY (WOSEM) Notes to the Financial Statements For The Year Ended 31 January 2025
1. General Information
WORLD SOUL WINNING EVANGELISTIC MINISTRY (WOSEM) is a charitable incorporated organisation registered with the Charity Commission, registered charity number 1194235. The principal address is 15 HOPEWELL CLOSE, CHAFFORD HUNDRED, GRAYS, RM16 6EL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements 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 the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities Act 2011.
The charity is a Public Benefit Entity as defined by FRS 102.
2.2. Incoming Resources
Income comprises donations, tithes, offerings, retreat donations, and other voluntary income. Income is recognised when received or receivable in accordance with the Charities SORP.
2.3. Resources Expended
Resources expended include direct charitable expenditure, support costs, and governance costs incurred wholly in furtherance of the charity’s objectives. Expenditure is recognised on an accrual basis.
2.4. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
3. Analysis of Expenditure
| Worship service Propagation of christian faith |
Activities undertaken directly £ - 720 |
Support costs (see note 4) £ 2,750 - |
2025 Total £ 2,750 720 |
|---|---|---|---|
| 720 | 2,750 | 3,470 |
4. Support Costs
| Premises expenses General administration |
2025 Worship service £ 2,550 200 |
|---|---|
| 2,750 |
Page 6
WORLD SOUL WINNING EVANGELISTIC MINISTRY (WOSEM) Notes to the Financial Statements (continued) For The Year Ended 31 January 2025
| 5. Independent Examiner's Remuneration Independent examination of the financial statements Other assurance services Tax advisory services Other financial services 6. Average Number of Employees Average number of employees during the year was: NIL 7. Creditors: Amounts Falling Due Within One Year Other creditors 8. Movement in Funds As at 1 February 2024 Prior year adjustment Income £ £ £ Unrestricted funds General: General unrestricted fund - 166 - Designated: Tithe and offering - - 4,084 Total unrestricted funds - 166 4,084 Total funds - 166 4,084 9. Transactions with Trustees During the year the expenses reimbursed to the trustees or paid directly to third parties were as follows: |
As at 1 February 2024 £ - - |
Prior year adjustment £ 166 - |
Income £ - 4,084 |
Expenditure £ (3,470) - |
2025 £ 200 - - - |
|---|---|---|---|---|---|
| 200 | |||||
| 2025 £ 200 |
|||||
| As at 31 January 2025 £ (3,304) 4,084 |
|||||
| - | 166 | 4,084 | (3,470) | 780 | |
| - | 166 | 4,084 | (3,470) | 780 | |
| 2025 £ |
- Related Party Disclosures
Page 7
WORLD SOUL WINNING EVANGELISTIC MINISTRY (WOSEM) Detailed Statement of Financial Activities For The Year Ended 31 January 2025
| INCOME AND ENDOWMENTS FROM: Charitable Activities: Worship service Church EXPENDITURE ON: Charitable Activities: Worship service Rent Independent examiner's fees Propagation of christian faith Subcontractor costs NET INCOME |
2025 Total funds £ 4,084 |
|---|---|
| 4,084 | |
| 4,084 (2,550) (200) |
|
| (2,750) (720) |
|
| (720) | |
| (3,470) | |
| 614 |
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