REGISTERED CHARITY NUMBER: 263117 Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2024 for The Bible Way Church of Our Lord Jesus Christ World Wide UK Prepared by the Trustees Principal address 8 Signet Court, Swann Road, Cambridge, Cambridgeshire. CB5 8LA The Bible Way Church of Our Lord Jesus Christ World Wide UK Contents of the Financial Statements for the Year Ended 31 March 2024 Page Report of the Trustees Statement of Financial Activities Balance Sheet Notes to the Financial Statements 4t05 Detailed Statement of Financial Activities The Bible Way Church of Our Lord Jesus Christ World Wide UK Report of the Trustees for the Year Ended 31 March 2024 The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of the Statement of Recommended Practice. (SORP) 'Accounting and Reporting by Charities, issued in March 2005. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 263117 Principal address 8 Signet Court Swann Road Cambridge Cambridgeshire CB5 8LA Trustees Chairman of the Board: The Right Reverend, Bishop L.A. Williams Trustee: Reverend D. Ogunlana Trustee: Missionary K. Duncan Trustee: Minister L.S. Williams STRucfuRE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity. Risk management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error ON BEHALF OF T BOARD: Chairman Trustee Trustee Trustee Date: . Date: . Date: . Date: ...( (j Page I The Bible Way Church of Our Lord Jesus Christ World Wide UK Statement of Financial Activities for the Year Ended 31 March 2024 2024 2023 Unrestricted Unrestricted fund fund Notes INCOMING RESOURCES Incoming resources from generated funds Voluntary income 69410 57126 RESOURCES EXPENDED Costs of generating funds Costs of generating voluntary income Governance costs 72557 78377 Total resources expended 72557 78377 NEf INCOMING/(OUTGOING) RESOURCES (3,148) (21,251) RECONCILIATION OF FUNDS Total funds brought forward (401) 20,849 TOTAL FUNDS CARRIED FORWARD (3,549) (401) Page 2 The Bible Way Church of Our Lord Jesus Christ World Wide UK Balance Sheet At 31 March 2024 2024 2023 Unrestricted Unrestricted fund fund Notes CURRENT ASSETS Cash at bank 2729 5877 CREDITORS Amounts falling due within one year (6,279) (6,279) NET CURRENT ASSETS/(LIABILITIES) (3,549) (401) TOTAL ASSETS LESS CURRENT LIABILITIES (3,549) (401) NET ASSETS/(LIABILITIES) (3,549) (401) FUNDS Unrestricted funds (3,549) (401) TOTAL FUNDS (3,549) (401) The financial statements were approved by the Board of Trustees on . and were signed on its behalf by: Chairman Trustee Trustee Trustee /.a./i1.£.4.............1.0/i]ar The notes form part of these financial statements Page 3 The Bible Way Church of Our Lord Jesus Christ World Wide UK Notes to the Financial Statements for the Year Ended 31 March 2024 ACCOUNTING POLICIES Accounting convention The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities. Incoming resources All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Resources expended Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Taxation The charity is exempt from tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. COSTS OF GENERATING VOLUNTARY INCOME 2024 2023 Support costs 2,995 2,685 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2024. Trustees, expenses There were no trustees, expenses paid for the year ended 31 March 2023. Page 4 The Bible Way Church of Our Lord Jesus Christ World Wide UK Notes to the Financial Statements for the Year Ended 31 March 2024 4 CREDITOR.S: AmOU￿Ts FALLING DUE WITHIN ONE YEAR 2024 2023 Other creditors 6,279 6,279 5 MOVEMENT IN FLThDS Net movement in funds At 31.3.23 At 31.3.24 General fund (401) 3,148 (3,549) TOTAL FUNDS (401) 3,148 (3,549) Net movement in funds, included in the above area are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 69,410 (72,557) (3,148) TOTAL FUNDS 69,410 (72,557) (3,148) Page 5 The Bible Way Church of Our Lord Jesus Christ World Wide UK Detailed Statement of Financial Activities for the Year Ended 31 March 2024 2024 2023 INCOMING RESOURCES Voluntary income Gifts Offering Tithes Interest 11,316 33,317 24,774 10,081 24,934 22,111 69,410 57,126 Total incoming resources 69,410 57,126 RESOURCES EXPENDED Governance costs Accountancy Legal fees Travelling Hall Hire Insurance Office rent 7,162 25,186 1,347 11,289 27,056 1,267 Bank Charges Pastoral Services Council Tax Utility Loan Repayment 48 30,100 1,162 4,558 114 30,286 1,101 4,579 69,562 75,692 Support costs Hospitality Disposables & consumables Mobile Telephone Wi Fil Small Equipment Management Advertising 1,215 474 502 276 586 492 49 706 1,026 356 Total resources expended 72,557 78,377 Net expenditure (3,148) (21,251) This page does not form part of the statutory financial statements Page 6 The Bibleway Church of our Lord Jesus Christ Worldwide UK Charity Number 263117 TRUSTEE ANNUAL REPORT 2023- 2024 LORD JESQS Chari Corres ondence Address 8 Signet Court Cambridge CB5 8LA Introduction Wclcome to the Annual Report of the Bibleway Church Charity for the year 2023- 2024. We a.s Iruslees have Lome througyh a year of work and blessings. The longer-tem] effects of the global pandemic have continued to be a lime of challengTe for many people, and il has affected some of our members economically, physically, and even spiritually. For some, it has resulted in personal hardships in lols of ways. It has meant that we had to constantly adapt our plans and strategy to meet new challengyes and secure the ongoing work of the charity. We have continued to acquire new skills in using technology and social medi{ and we have had to upgrade our technology equipment to facilitale our work. Names of the Trustees he Right Reverend. Bishop L.A. Williams Reverend D. Ogunlana Missionary K. Duncan Minister L.S. Williams Structure Governance and Mana ement The Trustee board of the charity takes counsel from accountants and solicitors and from the executive board of senior Elders and Missionaries and from its members via regular members meetings to govern the Charity's activities. The Trustees regularly monitor and evaluate the work of the charity in relation to meeting its objectives. Ob ectives and Activities The following are further particulars of the Bibleway Charitable Trust: _ Its object is: "The advancement of religion of The Bibleway Church of Our Lord Jesus Christ World -wide (United Kingdom)": clause 3 of the Trust Deed. The Bibleway Church of Our Lord Jesus Christ World-wide (United Kingdom) is defined in clause 2 of the Trust Deed as: _"Members of the Bibleway Church of Our Lord Jesus Christ World -wide within the United Kingdom of Great Britain and Northern Ireland and the world" The reference to'members of the Bibleway Church within the United Kingdom and worldwide." is a reference to the churches within the United Kingdom and the rest of the world that is associated with the Bibleway Church of Our Lord Jesus Christ World- Wide. Bibleway charity center (charity number 263117) engages in mentoring and teaching the community on social and spiritual matters. The charity supports the vulnerable members of the community, especially those who are suffering from depression, drug abuse and the elderly ho arL lockLd in. In addition, IhL charity offLrs supp()rt to young peoplL who haN'L been disadN'antaged. "fhc charilj, orgyanii.es a widc variety of Church servicL"s on sunday.s. during tIIL week and on SPLLial occa.%ions to fulfill its objectives. This w'ill continue lo be a gireal part of our future goals. Sunday Servicc.s would c()ntinue to include teaching and confidenLe-building activities ￿.]lh]n IhL Sunday SLhool Department. I"hese constructive and Lreative programmes help tlie children and Ihe adults to understand Ihe teachings of Ilie Bible and to aid the members to become good cilizens in their schoc)Is and 'ithin the loLal community. Much of the programmes on Sundays are devoted to worshiping, praying, and teaching Godly principles from the Bible. The Sunday programme also provides opportunities for grealer interaction between people of different cultural background, including help for those who are sometimes excluded from society, those who are disaffected and isolated to have a sense of inclusion into the "church community" During the week, the charity will continue to organise a varied package of departmental initiatives, including Men's ministry support, Women's ministry support, and Youih activities. These activities encourage a great deal of involvement from the Bibleway membership, which in turn aid our members to develop their potential and to raise their aspirations to function as valuable participants in community from a Christian lifestyle. In addition, the charity seeks out and engages our community, in providing many opportunities to develop the skills of its members and the local communities in various cities. This is done by way of, e.g. sports, like badminton, football, and musical talent search within the local community. Financial Information As trustees, we have always had a prudent approach to managing the charity finance. We have generally aimed to keep the charity finance as strong as possible given the very volatile economic and social environment. The charity's principal funding stream is from the free- will donations and tithes and offering from Ihe Bibleway membership and visitors, received at the various programmed activities held at the churches and in the local community. Thankfully, during the year, many of our supporters continued to give donations via direct payments into the charity accounts, using internet banking and their mobile phone apps. We are grateful for their ongoing generosity during the year and beyond. Looking forward, we are looking into ways to strengthen our financial position through gift aid and sponsorship, and become more economically and operationally resilient, and build on the unwavering support from our donors. The Bibleway Centre continues to be the occupanls and tenants of the offices at 8 Signet Court, Swann Lane. Cambridge CB5 8LA Buildin s and As.set.s Il is tlie TrLlStLes plan t() utili7,e any buildingys availablL at variou.(i locations to adN'ancc its comniunity and dLvelop educational progyrammes. We m()ved lo 8 Signet Court, SiTr'ann Lane. Cambridge CB5 8LA as of January 1, 2020, and we continue to use this facilit).. Some of the Main Fvents Durin The Year Youth ,Services & Events 7 April & 27 May All Night Prayer Meelingys. The Youth Department led some All-nigyhi prayer meetings in Cambridgie church and on 7oom, which was a gyreal encourag)ement to our members. We also held fellowship breakfasts in thc morning. Men's Ministry Services & Events The men held many meetings to support Ihe men of the church and their family and friends. 'rhey also organised a retreat in Nottingham in March, which was a great encouragement to a niember who lives in thal area. Women's Ministry Services t)uringy the year, the women's department held many services to support the women in the church. These services were also available on zoom for those who wanted to attend. 9th April Easter Sunday Services held in the churches Special Easter services were held in all our churches at home and abroad. This included fellowship meals for members of the churches and the wider community. International Prayer & Fasting Events Many of our overseas missions joined us with the various weeks of prayer and fclsting that were orgyanised Ihroughout the year in June, September, January and March. Communion Service l L org)aiiisLd sLI'Lral 4iPLLial communi()n %Lrn'iCLS Ilirougyh()ut IhL' year. Father's Day & Mother's Day Services Ih ThL churLh cclcbratcd I'atlicr's I)ay on 18 June, and Moiher's Day Ih on 10 March. Love giifts werL givLn to Ihc members of the church at these events as an encouragjenicnt to kLep working for The I.ord and the charity's work. Visits to overseas churches During the year, many of our overseas churches received our support and visits from Bishop Williams. th th 26 September- 5 October- Bishop Attended the convention in Zimbabwe. 16th January- 8th February- Bishop visited the churches in The Philippines. PHILIPPINES Bibleway Worldwide Ministry Inc. Registration No. CN201518249 Freedom Gospel Ministry Charity Registration No. CN201521924 Congressional Road, Blk.109 Lt.11 Brgy. Sta.Lucia, Dasmarinas City Jocelyn Jojie Macalalay +639106660720 inf0irn￿biblewaYchurChes.uk Illl 12 ZIMBABWE Bulawayo, Zimbabwe InfoCaiL)IblewaychurLhes.uk ¥4Fr.,? XL4•a 13 7th November- 22nd November- Bishop & Mother Williams visited the church in South Africa. q. ri 1,4 SOUTH AFRICA Island Community Hall, Stock Roads Cape Town, Western Cape, South Africa Pastors Simba and Babylee Mangandu FB. babylee.gadzira 0845181257 11 0794665853 infOC￿biblewaYChurches.uk 11 ) i..aS. 16 Bapti.sms 'I"Iirougyhoul IhL yLar, SLVLral baplism services wcrL held at a variely of location.(i. 'I'his addLd i() thL mLmbL'rship ()r the church. Ih 14 Maj. & .3, JunL- Lnficld Church Baplisms ?nd Ih SLplcinbLr & 17 I'ebruary & 9 MarLh - Ciimbridge Church Baptisms Other Events During the Year Ih 6 May - Kings Coronation Service, special prayers said for the new King. 22. _23" September- Global Bibleway Church Conference A teaching conference was held in Cambridge, attended by many members of the church. This was very inforn]ative regarding the role of the trustees and our legal obligations as a registered charity. In addition, there were presentations on the availability of the Bible study modules available to members. sl 31 January - Funeral of Elder Thompson (a long-standing member & Pastor of the East Dulwich Church) ()n u.sie ()f tc'chn()I tn ,stream ()ur ei'L'nts and SiL'Th'iCC.61 WL, a.s ali orgJani.(ialion, w'erL very fortuncltL to havL mL'mbLrs ri(J Iiad thL teLliiiiLal kilo￿lLd￿IL and knU￿-h()W Io sLI up dltLrnaliN'e pro ()nlinL lo our niLmbLrs Lf.(i ￿hn c)n In addition, support is offLrLd lo membLrs by phone/vidLo confLrLnLL linLs. This lias gyLnLrally rL.suItLd in us bLing) able to largjcly miiintain our provision. and indLLd, s()IllL nLIN' InLmbLr% havL j()ined in, and havL had the bLnLfit of what sLrviccs WL IiavL providLd. We were able lo hold planning meetings at all levels to .sel in motion events and plans for the forthLoming year. Chairman's Summa Remarks "I"he Chaimian, on behalf of the Trustee Board, would like to express sincere thanks to those who have faiihfully carried out Ihc work of the I.ord over Ihe past year both at home and on the overseas mission field. In pulting togieiher this rcport, it giives us an opportunity to reflect on the past years and to look forward to our plans for the coming years. We are fortunate to continue to use space at 8 Sigynet Court to further develop our charitable work and church services and we have slill gained new membcrship lo the church, and greater inleraction online. In IhL coniing yLar wc aim t() c()nlinuc thL dLvel()pmLnt ()l- thL m()nthly 'amily prc)giraniniLK• aiid L()mmuiii()n .(iCTh'iCLS ()llLL agiain. WL arL IILlpiiigy IIIL widLr L()niniunity on (I rLgyular ba.&iiS in pr()vidingv <1 hot and health): mcal Io (Iny()nL w'ho allLnds. I'liis sLrN'icc hLIp4i lo lacilitltL Ilio.%c who arL alonc and fcLI i%()lalLd lo bL part ()f a IhriN ing niiilii-LulturLII c()miiiuiiity of Laring PL()pIL. In addition: Ive are aimingy to deN'Llop work willi a local r()od bank lo hLlp those in nLLd. The Trustees The Right Reverend, Bishop L.A. Williams Chairman The work of Apostle Williams has extended to many places around the country. He has assisted in educational development programmes; with fundraising and donations for the provision of educational materials and financial aid. These activities stretch from Nigeria, Sera-Leone, Ghana in West Africa, to South Africa, Zimbabwe, Tanzania in East Africa, South India, Asia, British Guyana, South America, Barbados, St. Lucia, Trinidad and Jamaica in the West Indies Missionary Kay Duncan National Administrator She was born in Stoke-on-Trent, England, where she grew up before moving to Sheffield to pursue a Bachelor of Education honours degree at the University of Sheffield. Missionary Duncan married Reverend Alfred Duncan on October 27, 1990, and they have two adult sons (James and Michael). Since 1988, Missionary Duncan has been an active member and leader of the Bibleway Church in Cambridge. She has also held the position of National Sunday School Superintendent rp• Reverend David Ogunlana CharityTreasurer Reverend Ogunlana was born in London into an Ogun State, Nigeria. He is married to Missionary Diana Ogunlana, with whom he has two children (Daniel and Dele). He holds a Bsc (Hons) in Agriculture, a Masters in Applied Project Management, and a variety of professional credentials. Reverend Ogunlana is well-known for his preaching abilities, as well as his administrative and financial management abilities. He is involved in research and development. When he joined the Bibleway Church in Cambridge in 1995, however, he was inspired by God's Love and move in his life. He responded to God's call on his life and was mentored by the Right Reverend Bishop L.A. Williams. L.S. Williams Minister Growing up in the church since birth as the first of three siblings, he had spent much of his childhood traveling with his father and mother due to his parents, call to work in the ministry. Leon's job does not always allow him to pursue his ministry as much as it does in the secular fields of his musical development and business. As a trustee, he has the organization's best interests at heart, and he is eager to see the Global Church grow.