2025-09-30-accounts - Wailing Wall Prayer Network

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Wailing Wall Prayer Network

Charity No. 1207929

Company No. 15160049

Trustees' Report and Unaudited Accounts For the year ended 30 September 2025

B M Cooper & Co. Limited Chartered Certified Accountants

88 Wood Lane

Dagenham Essex RM9 5SL

Wailing Wall Prayer Network Contents

	Pages
Trustees' Annual Report	2 to 3
Independent Examiner's Report	4
Statement of Financial Activities	5
Balance Sheet	6
Notes to the Accounts	7 to 13
Detailed Statement of Financial Activities	14 to 15

Page 1

Wailing Wall Prayer Network Trustees Annual Report

The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 30 September 2025.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. 15160049

Charity No. 1207929

Principal Office

30 Grazebrook Road Dudley DY2 8SX

Registered Office

30 Grazebrook Road Dudley DY2 8SX

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law.

The following Directors and Trustees served during the year:

Seun Bello Sunday Fatoye Taiwo Owoeye

Accountants

B M Cooper & Co. Limited 88 Wood Lane Dagenham Essex RM9 5SL

Bankers

Lloyds Bank Plc

OBJECTIVES AND ACTIVITIES

The purpose of the charity as set out in its governing documents is the advancement the Christian faith by gospel evangelism and teaching throughout England and other places as the trustees may from time to time decide.

FINANCIAL REVIEW

The total incoming resources for the year amounted to £35,652 (2024 - £10,812) and the total resources expended amounted to £37,714 (2024 - £10,521), leaving a net deficit for the year of £2,062 (2024 - £291 surplus). The balance of funds as at 30th September 2025 was a deficit of £1,771 (2024 - £291 surplus).

Page 2

Wailing Wall Prayer Network Trustees Annual Report

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The organisation is charitable company limited by guarantee, incorporated on 23rd September 2023 and registered as a charity on 19th April 2024. The company was established under a Memorandum of Association dated 23rd September 2023 which established the objects and powers of the charitable company and is governed under its Articles of Association.

Trustees are selected from long standing members of the congregation and people from outside of the church who are familiar with and have an empathy with the Church's objectives. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Signed on behalf of the board

..................................................................... Sunday Fatoye Trustee

10 October 2025

Page 3

Wailing Wall Prayer Network Independent Examiners Report Independent Examiner's Report to the trustees of Wailing Wall Prayer Network

I report to the charity trustees on my examination of the accounts of Wailing Wall Prayer Network for the year ended 30 September 2025 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet and the related notes.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.

Having satisfied myself that the accounts of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:

accounting records were not kept in accordance with section 386 of the 2006 Act ; or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements under section 396 of the 2006 Act 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; or
the accounts have not been prepared in accordance with the Charities SORP (FRS 102).

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.

................................................

Mr Bolaji Kalejaiye FCCA ACCA B M Cooper & Co. Limited 88 Wood Lane Dagenham Essex RM9 5SL

10 October 2025

Page 4

Wailing Wall Prayer Network Statement of Financial Activities For the year ended 30 September 2025

Unrestricted funds 2025 £ 35,652	Total funds 2025 £ 35,652	Total funds 2024 £ 10,812
35,652 15,674 22,040	35,652 15,674 22,040	10,812 4,918 5,603
37,714 -	37,714 -	10,521 -
(2,062) -	(2,062) -	291 -
(2,062)	(2,062)	291
(2,062) 291	(2,062) 291	291 -
(1,771)	(1,771)	291

Page 5

Wailing Wall Prayer Network Balance Sheet At 30 September 2025 Company No. 15160049

Notes 2025 £ Fixed assets Tangible assets 9 6,127 6,127 Current assets Cash at bank and in hand 269 269 Creditors:Amount falling due within one year 10 (8,167) Net current (liabilities)/assets (7,898) Total assets less current liabilities (1,771) Net (liabilities)/assets excluding pension asset or liability (1,771) Total net (liabilities)/assets (1,771) The funds of the charity Restricted funds 11 Unrestricted funds 11 General funds (1,771) (1,771) Reserves 11 Total funds (1,771)	2024 £ -
	- 771
	771 (480)
	291 291
	291
	291
	291
	291
	291

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 30 September 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 10 October 2025

And signed on its behalf by:

...........................................................

Sunday Fatoye Trustee

10 October 2025

Page 6

Wailing Wall Prayer Network Notes to the Accounts For the year ended 30 September 2025

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA.
Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 7

Wailing Wall Prayer Network Notes to the Accounts Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT expenditure which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Page 8

Wailing Wall Prayer Network

Notes to the Accounts Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.

Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

Page 9

Wailing Wall Prayer Network Notes to the Accounts 3 Statement of Financial Activities - prior year

Income and endowments from: Donations and legacies Total Expenditure on: Charitable activities Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds carried forward 4 Income from donations and legacies Tithes and offerings Gift aid	Unrestricted £ 33,011 2,641 35,652	Unrestricted funds 2024 £ 10,812 10,812 4,918 5,603 10,521 291 291 291 291 Total 2025 £ 33,011 2,641 35,652	Total funds 2024 £ 10,812
			10,812 4,918 5,603
			10,521
			291
			291
			291
			291
			Total 2024 £ 10,812 -
			10,812

Page 10

Wailing Wall Prayer Network Notes to the Accounts

5 Expenditure on charitable activities

Expenditure on charitable activities Evangelism Honorarium Gifts to Missions Governance costs Accountancy Legal & professional fees 6 Other expenditure Motor and travel costs Premises costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs 7 Net (expenditure)/income before transfers This is stated after charging: Depreciation of owned fixed assets 8 Staff costs	Unrestricted £ 5,102 6,284 30 900 3,031 15,347 Unrestricted £ 1,047 15,955 2,042 2,996 22,040 2025 £ 2,042	Total 2025 £ 5,102 6,284 30 900 3,031 15,347 Total 2025 £ 1,047 15,955 2,042 2,996 22,040	Total 2024 £ 1,808 2,090 - 480 540
			4,918
			Total 2024 £ 255 4,500 - 848
			5,603
			2024 £ -

No employee received emoluments in excess of £60,000.

Page 11

Wailing Wall Prayer Network Notes to the Accounts

9 Tangible fixed assets

Cost or revaluation Additions At 30 September 2025 Depreciation and impairment Depreciation charge for the year At 30 September 2025 Net book values At 30 September 2025 10 Creditors: amounts falling due within one year Loans from trustees Other creditors Accruals and deferred income		£ 3,500 3,500 875 875 2,625 2025 £ 2,867 4,400 900 8,167	£ 4,669 4,669 1,167 1,167 3,502	£ 8,169
				8,169
				2,042
				2,042
				6,127
				2024 £ - - 480
				480

11 Movement in funds Restricted funds: Unrestricted funds: General funds Revaluation Reserves: Total funds 12 Analysis of net assets between funds Fixed assets Net current assets	At 1 October 2024 291 291	Incoming resources (including other gains/losses) £ 35,652 35,652	Resources expended £ (37,714) (37,714) Unrestricted funds £ 6,127 (7,898) (1,771)	At 30 September 2025 £ (1,771)
				(1,771)
				Total £ 6,127 (7,898)
				(1,771)

Page 12

Wailing Wall Prayer Network Notes to the Accounts 13 Reconciliation of net debt

Reconciliation of net debt ling Wall Prayer Network es to the Accounts
Cash and cash equivalents Net debt	At 1 October 2024 £	Cash flows £	At 30 September 2025 £
	771	(502)	269
	771 771	(502) (502)	269
			269

14 Related party disclosures

Controlling party

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Page 13

Wailing Wall Prayer Network Detailed Statement of Financial Activities For the year ended 30 September 2025

Income and endowments from: Donations and legacies Tithes and offerings Gift aid Total income and endowments Expenditure on: Charitable activities Evangelism Honorarium Gifts to Missions Love offerings Governance costs Accountancy Legal & professional fees Total of expenditure on charitable activities Motor and travel costs Vehicles - General costs Premises costs Rent Light, heat and power General administrative costs, including depreciation and amortisation Depreciation of Depreciation of Bank charges Equipment repairs and maintenance Sundry expenses Total of expenditure of other costs Total expenditure	Unrestricted funds 2025 £ 33,011 2,641 35,652 35,652 5,102 6,284 30 327 11,743 900 3,031 3,931 15,674 1,047 1,047 15,904 51 15,955 875 1,167 19 2,346 631 5,038 22,040 37,714	Total funds 2025 £ 33,011 2,641 35,652 35,652 5,102 6,284 30 327 11,743 900 3,031 3,931 15,674 1,047 1,047 15,904 51 15,955 875 1,167 19 2,346 631 5,038 22,040 37,714	Total funds 2024 £ 10,812 -
			10,812
			10,812 1,808 2,090 - -
			3,898
			480 540
			1,020
			4,918 255
			255
			4,500 -
			4,500
			- - - 823 25
			848
			5,603
			10,521

Page 14

Wailing Wall Prayer Network Detailed Statement of Financial Activities Net gains on investments

Nt i itt Wailing Wall Prayer Network Detailed Statement of Financial Activities
e gans on nvesmens Net (expenditure)/income Net (expenditure)/income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	- (2,062) (2,062) - (2,062) 291 (1,771)	- (2,062) (2,062) - (2,062) 291 (1,771)	-
			291
			291 -
			291
			-
			291

Page 15