A Charitable Incorporated Organisation (Charlty No. 11947941 WORLDWIDE PENTECOSTAL GOSPEL MISSION TRUSTEES ANNUAL REPORT& FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2023
WORLDWIDE PENTECOSTAL GOSPEL MISSION Contents Reference and Administrative Details Trustees, Report Statement of Trustees, Responsibilitie Independent Examinerfs Report Statement of Finantial Activitie5 Balance Sheet Notes to the accounts Detailed Statement of Financial Activities
WORLDWIDE PENTECOSTAL GOSPEL MISSION Reference and Administrative Details Chairperson MaryAdebunmi Alabl Trustees MaryAdebunmi Alabi lyabo Victoria Oyewole Oluwasegun Daniel Williams Victor Oyewole Charity Number 1194794 Registered Office I Mou5ell Street Manchester M8 8HY Independent Examlner Rana & Co Association of International Accountants Platt Lane Fallowfield Manchester M14 7DE Banker Natwest Bank PIC
WORLDWIDE PENTECOSTAL GOSPEL MISSION Trustees, Report The twstees present the annual report together with the Un-audited financial statements of the charity for the year ended 31 May 2023 ObJertlve5 and actlvities The trustees confirm that they have complied with the requirement of section 17 of the Charities Act 2011 to have due re8ard to the public benefit guidance published by the Charity Commission for England and Wales. Principal Art¢vity The principal artivity of the charity in the whole year revrew which is carried out for the public benefit is the advancement of the Christian faith through. but not exclusively through-_ the provision of 11810$ services and a place of worship the holding of prayer groups. and producing andlor distributing Itterature on the Christian faith to enll8hten others about the Christian reli8ion. The Church stron8ly belreve in the power of prayer coupled with righteous livin8 and and holines5 to be Christ disciple and consistently teaches and promote5 Biblical Christianity through its main service5 and wider outreach. Flnancial revlew: Our income are received through donations from members and friends of the church. We wish to thank and appreciate all our members and volunteers forthelr financial and other contributions which ha5 Sustain the Church to this level. We pray that God will bless and reward you greatly and we shall not miss our Ulmate which is heaven in Jesus name. The annual report was approved by the trustees of the charity on Olst March 2024 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 tO8ether wtth the Un-audited financial statements of the charrty for the year ended 31 May 2023 The trustees ère responsible for preparin8 the tnjstees, report and the financial statements in accordance with the United Kingdom Accounting Standards Iuftited Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The law applicable to tharities requires the trnstees to prepare financial Statements for each financial peri¢xI which give a tme and fair view of the state of affair5 of the charity and of the incoming resources and application of resources of the Charity for that period. In pparIng these financial statements, the trustees are required to.. 5elert Suttable accounting policies and then apply them Consistent.. • observe the methods and principles in the Charities SORP.. • make judgements and estimates that are reasonable and prudent.. state whether applitable accountin8 Standards have been followed, subjert to any material departures disclosed and explained in the financial statements- and prepore the financial statements on the going concern basis unless Ft is inappropriate to presume that the charity will continue in busines5. The trustees are responsible for keepin8 proper accountin8 records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reportsl Regulations. and the provisions of the constitution. The trustees 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 01 March 2024 and signed on its behalf by- Mary Adebunmi Alabi Chair and Trustee
Independent Examlner's Report on the Trustees of Worldwide Pentecostal Gospel Mission I report to the trustèes on the accounts of the WPGM for the year ended 31 May 2023. which are set out on pages I to 8. Respectlve responsibllltles of trustee5 and examSner." The charity's trustees are responsible for the preparation of the accounts. The charity's trustee5 conslder that an audit Is not requlred for this year under section 144 of the Charities Act 2011 (the charities Act) and that an independent examination is needed. It 15 our responsibility to: examine the accounts under section 145 of the Charities Att. to follow the procedures laid down in the 8eneral Directions given by the Charity commission lunder 5edion 1451511bl of the Charities Act). and to state whether particular matters have come to my attention. Ba515 of independent examiner's statement Our examination was carried out in accordance wrth general Directions given by the Charity commi55ion. An examination includes a review of the accountin8 records kept by the charity and a comparison of the account5 presented with those records. It also includes consideration of any unusual items or disclosure5 in the accounts, and seeking explanations from the trustees 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 and fair" view and the report is limited to those matters set out in the statement below. Independent examiner'5 Statement In connection with our examination. no matter has come to our attention= 111 which give5 us reasonable cause to believe that in, any material respett. the requirements.. to keep accounting records in accordance with section 130 of the 2011 Charities Act,. to prepare account5 which accord with the accounting records and comply with the accounting quirements of the 2011 Charities Act have not been met,. or 121 to which, In our opinion. attention Should be drawn in order to enable a proper understandin8 of the accounts to be eaChed. Zafar Rana BA (Honsl Acc. FAIA, MAAT 01-Mar-24 Rana & Co Association of Intemational Accountants 200 Platt Lane Fallowfield Manchester M14 70E
WORLDWIDE PENTECOSTAL GOSPEL MISSION Statement of financial activltles for the year ended 31 May 2023 2023 Unrestricted Fund 2023 2022 Unrestricted Fund 2022 Total Total Ineome and Endowm nts from: Donations and legacies 65232 65232 58448 58448 Total Incoming Resources 65232 65232 58448 58448 Éx enditure on: Cost of generating Funds Raising Funds 48172 48172 49745 49745 Total Expenditure 48172 48172 49745 49745 Net Income 17060 17060 8703 8703 Net Movements in Funds 17060 17060 8703 8703 Reconciliation of Funds Total funds brought forward 34248 34248 25545 25545 Total Funds carried forward 51308 51308 34248 34248
WORLDWIDE PENTECOSTAL GOSPEL MISSION Balance Sheet as at 31 May 2023 2023 2022 Fixed Assets Equipments Current Assets Debtor Cash at Bank & In Hand 53159 38832 54159 39832 Credltors: Amount falllng due wlthln one year 3695 5584 Current Assets 51308 34248 Funds of the Chari Unrestrlrted Income funds Unrestricted funds 51308 34248 Total Funds 51308 34248 The financial statements were approved by the trustees and authorised for issue 1st March 2024 and signed om their behalf by: Mary Adebunmi Alabi Chair and Trustee
WORLDWIDE PENTECOSTAL GOSPEL MISSION Notes to the Finandal Statements for the year endin8 31 May 2023 11 Accountin ollcles Statement of compliance The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019. the Financial Reportin8 Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charities Act 2011. Bais of Preparatlon The accounts (financial statements) have been prepared under the hlstorical cost convention. Expendlture All expenditure is recognised once there is a legal or corFstrurtive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated 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 consistent with the use of resources. Donations and letacles Donations and legacies are reco8nised on a receivable basis when receipt is probable and the affjount can be reliabfy measured. Goin8 concern The trustees consider that there are no material uncertaint5 about the charrvs ability to continue as a goin8 concern. Income and endowments Voluntary income including donations, gifts, legacies and Érants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amountc•n be measured with sufficient reliability. Taxatlon The charity is considered to pass the tests 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. Accordingly. the charty is potentialty exempt from taxation in respect of income or capital gains receNed within categories covered by Chapter 3 part11 of the Corporation Tax Act 2010 or Sertion 256 of the Taxation of Chargeable Gain5 Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Fund strurture Unre5tri¢ted income funds are general funds that a available for use at the trustees's discretion in further of the objectNes of the charrty.
WORLDWIDE PENTECOSTAL GOSPEL MISSION Detailed Statement of the Financial Activities for the Year ended 31 May 2023 2023 2022 Donations and legacies Appeals and Donations 65232 58448 65232 58448 Raisin6 funds Heat & Light Rent Telephone & b/band Water rates Wages & Salries Professional fees TV Licenc@ Small Equipments Repairs & Renewals Honourarium + Hotel Item5 for church Trainin8 & Educational Depreciation Security Alarm Printing, Postage & stationery Web51te, IT & pc Sun(lry & Cleaning 2407 2790 762 429 26507 1925 164 727 430 26405 1825 163 34 402 2373 988 618 1849 783 211 1045 124 903 133 15¢X) 387 250 48172 49745 Surplus on artlvltles 17060 8703