A Charitable Incorporated Organisation (Charity No. 11947941 WORLDWIDE PENTECOSTAL GOSPEL MISSION TRUSTEES ANNUAL REPORT & FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2024 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 Details Chairperson MaryAdebunmi Alabi Trustees Mary Adebunmi Alabi lyabo Victoria Oyewole Oluwasegun Daniel Williams Victor Oyewole Charity Number 1194794 Registered Office l Mousell Street Manchester M8 8HY Independent Examiner Rana & Co A55ociation of International Accountants 190-200 Platt Lane Fallowfield Manchester M147DE Banker Natwest Bank PIC WORLDWIDE PENTECOSTAL GOSPEL MISSION Tr¥Jstees' Report The trustees present the annual report together with the Un-audited financial statements of the charity for the year ended 31 May 2024 Objectives and artivlties 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 Activitv The principal activity of the charity in the whole year miew which is carried out for the public beneftt 15 the advancement of the Christian faith through, but not exclusively through'.- * the provision of religiovs services and a pla￿ of worship the holding of prayer groups, and producing andlor ¢Jistributin8 literature on the Christian farth to enlighten other5 about the Christian religion. The Church strongly believe in the power of prayer coupled with righteous livin8 and and holine5S to be Christ disciple and consistently teache5 and promotes 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 ble55 and reward you greatly and we shall not miss our ultimate which is heaven in Jesus name. The annual report was appr(wed by the tru5tee5 of the charity on 17th February 2025 and signed on its behalf bv". Mary Adebunmi Alabi Chair and Trustee WORLDWIDE PENfECOSTAL GOSPEL MIS510N Statement of Trustees, Responsibilities The trustees present the annual report t￿￿ether with the Un-audited financial statements of the charity for the year ended 31 May 2024 The trustees are responsible for preparing the trustees, report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applirable law an regulations. The law applicable to charities requlres the trustees to P￿pare financial statements for each financial period which give a true and fair view of the State of affairs of the charity and of the incoming ￿sourceS 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 consistently.. observe the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and prudènt- state whether applicable accounting standards have been followed. subject to any material departure5 di5c105ed 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 trustees a￿ responsible for keeping proper accounting words that Ilisclose with reasonable èccuracy at any time the financial position of the charity and enable thern to ensure that the financi31 statements comply with the Charities Act 2011. the applicable Charities IAccounts and Reports) Regulations. and the provisions of the constitution. The tru5tee5 are a150 re5pon5ible for Safeguarding the asset5 of the charity and henee for taking re350nable Steps for the prevention and detection of fraud and other iiregularities. Approved by the trustee5 of the charity on 17 February 2025 and signed on its behalf by= Mary Adebunml Alabl Chair and Trustee Independent Examiner'5 Report on the Trustees of Worldwide Pentecostal Gospel Mi55ion I report to the trustees on the accounts of the WPGM for the year ended 31 May 2024, which are set out on pages I to 8. Respective responsibilities of trustees and examiner: The charity's trustees are responsible for the preparation of the accounts. The charity'5 trustees consider that an audit is not required for this year ur)der section 144 of the Charities Act 2011 (the charities Actl and that an independent examination is needed. It is our responsibility to.. examine the accounts under section 145 of the Charities Act, to follow the procedures laid down in the general Direction5 given by the Charity commission (under section 14515llbl of the Charities Artl, and to state whether particular matters have come to my attention. Basis of independent examiner's Statement Our examination was carried out in accordance with general Directions given by the Charity commission. An examination includes a review of the accounting records kept by the charity and a cornparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosu￿$ 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 account5 present a 'true and fair" view and the report 15 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 gives us reasonable cause to believe that in, any material respect, the requirements- to keep accounting records in accordance with section 130 of the 2011 Charitie5 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 our opiniorb, attention should be drawn in order to enable a proper urbderstanding of the accounts to be r ached. Zafar Rana BA IHonsl Acc, FAIA, MAAT 17-Feb-25 Rana & Co Association of International Accountants 190-200 Platt Lane Fallowfield Manchester M14 7DE WORLDWIDE PENTECOSTAL GOSPEL MISSION Statement of finan¢ial artivities for the year ended 31 May 2024 2024 2024 2023 Unrestricted Fund 2023 Unrestricted Fund Total Total Income and Endowments from.. Donations and legacies 69763 69763 65232 65232 Total Incomin6 Resources 69763 69763 65232 65232 enditure on- Cost of generating Fund5 Raising Funds 50371 50371 48172 48172 Total Expenditure 50371 50371 48172 48172 Net Income 19392 19392 17060 17060 Net Movemet)ts in Funds 19392 19392 17060 17060 Reconciliation of Funds Total funds brought forward 51308 51308 34248 34248 Total Funds carried forward 707 707 51308 51308 WORLDWIDE PENTEC05TAL GOSPEL M15510N Balance Sheet as at 31 May 2024 2024 2023 Fixed Assets Equipments 1496 844 urrent Assets Debtor Cash at Bank & In Hand iooo 53159 70533 71533 54159 Creditors.. Amount fallin8 due within one year 2329 3695 NET Current Assets 70700 51308 Funds of the Charl Unrestritted Income funds Unrestricted funds 707QIJ 51308 Total Funds 707C#) 51308 The financial statements were approved by the trustees and authorised for Issue 17th February 2025 and signed om their behalf by.. Mary debunmi Alabi Chair and Trustee WORLDWIDE PENTEcosfAL GOSPEL MISSION Notes to the Flnandal Statements for the year ending 31 May 2024 11 Accountln ollcies Statement of compllance The financial 5tatement5 have been prepared in accordance with the second edition of the Chèrities Statement of Recommended Prartice issued in Ortober 2019, the Financial Reporting Standard applicable in the United Kinedom and Republic of Ireland IFRS 1021 and the Charities Act 2011. Bais of Preparatlon The accounts (financial statements) have been prepared under the historical c05t convention. Expenditure All expenditure 15 recogntsed once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be mèasured reliably. All r05ts are allocated to the applicable expenditure heading that a88regate similar costs to that category. Where costs cannot be directly attributed to headings. they have been allocated to activities on 3 basis consister)t with the use of resource5. Donation5 and legacies Donations and legacies are rèco8nised on a receivable basis whèn reteipt is probable and the amount can be reliably measuied. Goln8 Concern The trustees consider that there are no material uncertainties about the charity's ability to continue as a 80in8 concern. In¢ome and endowments Voluntary income including donatlolls, 8ift5, legaoe5 and grants that provide core fundina or are of a general nature is reco8nised when the charity has entitlement to the income. it 15 probable that the income will be received and the amountcan be measured with sufficient reliability. TaJKation The charity is considered to pass the tests set out in Paragrap8 I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company foi UK corporation tax purposes. Accordinglyp ihe charity is potentially exempt fium taxation in respect of income or capital gains received within categories covered by Chapter 3 part 11 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 èxclusively to charitable purposes. Fund structure Unrestricted income funds are general funds that are available for use at the tru5tee5'5 dlscretion in further of the objertives of the charity. WORLDWIDE PENTECOSTAL GQSPEL MISSION Detailed Statement of the Financial Artivities for the Year ended 31 May 2024 2024 2023 Donatlons and le8a¢les Appea15 and Donation5 69763 65232 69763 65232 Ralslng funds Heat & Light Rent Telephone & blband Water rates Wages & Salries Profe55ional fees TV Licence Travelling Repairs & Renewals Honourarium + Hotel Items for church Training & Educational Depreciation Security Alarm Printing, Postage & stationery Website. IT & PC Sundry & Cleaning 2546 10600 812 1181 26583 2055 2407 762 429 26507 1925 164 105 1550 1228 1147 150 426 824 164 2775 988 618 211 849 1500 387 250 440 560 50371 48172 Surplus on artivities 19392 17060