A Charitable Incorporated Organi5ation (Charlty No. 11947941 WORLDWIDE PENTECOSTAL GOSPEL MISSION TRUSTEES ANNUAL REPORT & FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2022 WORLDWIDE PENTECOSTAL GOSPEL MISSION Contents Reference and Administrative Details Trustees, Report Statement of Trustees, Responsibilitie Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the accounts Detailed Statement of Financial Activities WORLDWIDE PENTECOSTAL GOSPEL MISSION Reference and Administrative Detai15 Chairperson Mary Adebunmi Alabi Trustees Mary Adebunmi Alabi lyabo Victoria Oyewole Oluwasegun Daniel Williams Victor Oyewole Charity Number 1194794 Rezistered Office l Mousell Street Manchester M8 SHY Independent Exarniner Rana & Co Association of International Accountants 200 Platt Lane Fallowfield Manchester M14 7DE Banker Natwest Bank PIC WORLDWIDE PENTECOSTAL GOSPEL MISSION Trustees, Report The trustees present the annual report together with the financial statements of the charity for the year ended 31 May 2022 Objectives and activities The trustees confirm that they have complied with the requirement of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Principal Activity The principal activity of the charity in the whole year review which is carried out for the public benefit is the advancement of the Christian faith through, but not exclusively through..- the provision of religious services and a place of worship * the holding of prayer groups. and producing andlor distributing literature on the Christian faith to enlighten others about the Christian religion. The Church strongly believe in the power of prayer coupled with righteous living and and holines5 to be Christ disciple and consistently teache5 and promote5 Biblical Christianity through its main services and wider outreach. Financial review-. Our income are received through donations from members and friends of the church. We wish to thank and appreciate all our members and volunteers for their financial and other contributions which has Sustain the Church to this level. We pray that God will bless and reward you g￿0t1Y and we shall not miss our ultimate which is heaven in Jesus name. The annual report was approved by the trustee5 of the chariry on 20 April 2023 and signed on its behalf by: Mary Adebunmi Alabi Chair and Trustee WORLDWIDE PENTECOSTAL GOSPEL MISSION Statement of Trustees, Responsibilities The trustees present the annual report together with the financial statements of the charity for the year ended 31 May 2022 The trustees are responsible for preparing the trustees, report 3nd the financial staternent5 in accordance with the United Kingdom Accounting Standards IUnTrted Kingdom Generally Accepted Accourhtin8 Practice) and applicable law and regulations. The law applicable to charities require5 the trustees to prepare financial statement5 for each financial period which give a true and foir view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to- select suitable accounting policies and then apply them consi5tentlv- obSe￿e the methods and principles in the Charities SORP- make judgements and estimates that are reasonable and prudent,. state whether applicable accounting stan(lords have been followed. subject to any material departures disc195ed and explained in the financial statements,. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustee5 are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial staternents comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustee5 are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the trustees of the charity on 20 April 2023 and signed on its behalf by.. Mary Adebunmi Alabi Chair and Trustee Independent Examiner's Report on the Trustees of Worldwide Pentecostal Gospel Mission I wish to report of the accounts of the River Manchester for the year ended 31 May 2022. which are set out on pages I to 8. Respertive responsibilities of trustees and examiner: The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the charities Act) and that an independent examination is needed. It is my responsibility to.. examine the account5 under section 145 of the Charities Act, to follow the procedures laid down in the general Directions given by the Charity commission (under section 14515llbl of the Charities Attl, and to state whether particular matters have come to my attention. Basis of independent examineT'S Statement My examination was tarried out in accordance with general Directions given by the Charity comrnission. 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 disclosures in the accounts, and seeking explanations from the tru5tee5 concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true an(J fair" view and the report is limited to those matters set out in the statement below. Independent examiner'5 statement In connection with my examination. no matter has come to my attention= 111 which gives me reasonable cause to believe that in, any material ￿spect, the requirements: to keep accounting records in accordance with sertion 130 of the 2011 Charities Act. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Charities Act have not been met,. or 121 to which, in my opinion. attention should be drawn in order to enable a proper understanding of the account5 to b eache Zafar Rana BA IHonsl Acc, FAIA, MAAT 20 April 2023 Rana & Co Association of International Accountants 200 Platt Lane Fallowfield Manchester M147DE WORLDWIDE PENTECOSTAL GOSPEL MISSION Statement of financial activitles for the year ended 31 May 2022 Unrestricted Fund Total Income and Endowments from: Donations and legacies 58448 58448 Total Incoming Resources 58448 58448 enditure on: Cost of 8enerating Funds Raising Funds 49745 49745 Total Expenditure 49745 49745 Net Income 8703 8703 Net Movements in Funds 8703 8703 Reconclllation of Funds Total funds brought forward 25545 25545 Total Funds carried forward 34248 34248 WORLDWIDE PENTECOSTAL GOSPEL MISSION Balance Sheet as at 31 May 202Z 2022 Current Assets Debtor Cash at B3nk & In Hand 38832 39832 Creditors: Amount falling due withln one year 5584 NET Current A55ets 34248 Funds of the Chari Unrestrirted Income funds Unrestricted fund5 34248 Total Funds 34248 The financial statements on page5 XXX to xxx were approved by the trustees and authorised for issue 18th April 2023 and signed om their behalf by.. Mary Adebunmi Alabi Chair and Trustee WORLDWIDE PENTECOSTAL GOSPEL MISSION Notes to the Financial Statements for the year ending 31 May 2022 11 Accountin olicie5 Statement of compliance The financial siatement5 have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice i55ued in October 2019. the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charities Act 2011. Bais of Preparation The accounts (financial statements) have been prepared under the historical cost onvention. Expendlture All expenditure is recogni5ed once there is a legal or constructive obligation to that expenditure. it is probable settlement is required and the amount can be measured reliably. All costs are allocate¢J to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to headings, they have been allocated to activities on a basis con515tent with the use of resources. Donations and legacies Donation5 and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured. Going concern The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. Income and endowments Voluntary income including donation5. gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlefflent to the income, it 15 probable that the income will be received and the amountcan be measured with sufficient reliability. Taxation The charity is considered to pass the iests set out in Paragrapg I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Atcordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 part11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Fund structure Unrestricted intome funds are general funds that are available for use at the trustees's discretion in further of the objectives of the charity. WORLDWIDE PENTECOSTAL GOSPEL MISSION Detailed Statement of the Financial Activities for the Year ended 31 May 2022 2022 Donations and legacies Appea15 and Donations 58448 58448 Raising funds Heat & Light Renl Telephone & b/band Water rates Wages & Salries Professional fees TV Licence Small Equipments Repairs & Renewals Itern5 for church Training & Educational Security Alarm Printing, Postage & stationery Webslte, IT & PC Sundry & Cleaning 2790 8400 727 430 26405 1825 163 3400 1849 768 783 1045 124 903 133 49745 surplus on activities 8703