## ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] DECEMBER 2021
COMMUNITY OF THE WORD OF GOD TRUST CHARITY REGISTRATION No: 269209
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**CONTENTS**
|Legal & administrative information|3|
|---|---|
|Review of the year (annual report)|4|
|Statement of Financial Activities|7|
|Balance sheet|8|
|Statement of Assets & Liabilities by fund|9|
|Fund Movement by type|10|
|Analysis of Income & Expenditure|11|
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## LEGAL AND ADMINISTRATIVE INFORMATION
Charity No: 269209 Start of financial year 1[st] January 2021 End of financial year 31[st] December 2021 Legal status Unincorporated charity Governing instrument Declaration of Trust dated 12[th] March 1975 Correspondence address 90-92 Kenworthy Road London E9 5RA Primary bankers HSBC Bank plc 465 Bethnal Green Road London E2 9QW Independent Examiner Leon Edwards Leon Edwards Accountants 10 Romulus Way Fairfields Milton Keynes MK11 4AZ
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## **REVIEW OF THE YEAR 2019**
## **Objects and activities**
The Community of the Word of God’s objects are as follows:
- a) The advancement of the Christian faith in accordance with the doctrines held by the Community and expressed in their Basis of Faith and
- b) the pursuit of any purpose exclusively charitable and for the benefit of the public according to the laws of England and Wales which is consistent with the doctrines held by the Community and expressed in their Basis of Faith.
The work of the Community has followed its regular pattern over the past twelve months of prayer, support of the local churches and pastoral ministry. In 2021 it has been possible to resume, in a small way, the Community’s ministry of hospitality.
_Prayer:_ Members continued to meet in the morning of each day except Sunday, with informal prayer at other times. Companions and local friends join the Community from time to time. At these services intercession is made for a number of aid and evangelistic organisations; prayer for the numerous people who phone, e-mail or personally ask for support takes place at other times within the Community to preserve confidentiality. A quarterly prayer diary and newsletter continues to be produced for use by shared-life and Companion members.
_Support of the local churches_ : One member of the Community is employed as Parish Treasurer & Administrator for the local parish of St Barnabas, Homerton. She also plays for services on a voluntary basis each Sunday as well as playing for funerals and weddings as requested. She and another member of the Community are Licensed Lay Ministers in the Diocese of London and preach and lead worship in the churches of the parish. Both are also involved in pastoral activities arising out of this. The arrival of a new prospective member in December has also meant increased involvement in parish life is possible.
_Pastoral ministry_ : All the members of the Community are involved in pastoral support. Contacts are made in face-to-face meetings, by phone or e-mail and may result in one-off times together for prayer or in much longer periods of contact which may involve practical help and availability to listen in an ongoing way as well as prayer support. This has led to ‘walking’ with people in financial need, serious illness, bereavement or relationship breakdown. Members of the Community have themselves received pastoral ministry during times of illness or crisis.
## **Financial review**
Total receipts for 2021 rose to £25,638, while expenditure was £26,413. The net result for the year was a deficit of £775, adequately covered by reserves. Both income and expenditure were unusually high due to the necessity for roof repairs to 92 and a new roof and associated work on 90.
Restricted funds at the end of the year stood at £11,008.
Total asset value of the Community of the Word of God at the end of the year was £22,511.
## **Structure, governance and management**
The CWG Trust is governed by trustees, who are elected by simple majority vote after recommendation by one or more of the existing trustees. They have a supervisory role over the members of the Community of the Word of God and are responsible for maintaining resources which enable the Community to function. The trustees work in consultation with members of the Community.
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The day-to-day management and work of the Community is done by two of the shared-life members: Jenny Brailsford (Servant) and Veronica Sharpe. Members share their personal current income (which is not part of the Trust funds) and receive no direct benefit from the Community Trust.
## **Reference and administrative information**
The Community of the Word of God is situated at 90-92 Kenworthy Road, Homerton, London E9 5RA. It is an autonomous body.
Trustees for 2019 were: Miss Christine Legg (Chair) Mr Roy Olowu (Secretary) Miss Veronica Sharpe (Treasurer) Mr Peter Davison Mrs Margaret Johnson
## **Trustees’ responsibilities**
The Charities Act 2011 requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the trust and of the surplus of the trust for that period. In preparing those financial statements the trustees are required to:
- i) Select suitable accounting policies and apply them consistently ii) Make judgements and estimates that are reasonable and prudent iii) Prepare financial statements on the going concern basis unless it is inappropriate to presume that the trust will continue in existence.
The trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the trust. They are also responsible for safeguarding the assets of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees on …………………………………. and
Signed on their behalf by ………………………………………., Trustee
(Print name) ………………………………………………………
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## **LEON EDWARDS ACCOUNTANTS**
Member of the Certified Public Accountants Association
## **Report**
**To:** Veronica Sharpe
**From:** Leon Edwards
**Date:** Wednesday 5[th] October 2022
**Subject:** Review of 2021 Community Word of God
## **Introduction**
The report is to reflect on the review of the accounts. To highlight any transactions where description or monetary amounts may not reflect true and fair view of relevant income or expense. I will be analysing the trial balance to focus on any material expense figures that may seem too high or not reflect true. Also focusing on the amounts that are significantly different from the average cost under each expense heading.
I will be analysing the trial balance to focus on consistency of recording various income under the correct heading. This will involve reviewing the description of income under each income heading. Finally I will then compare the current year to last year to look for any material increase or decrease in income and expenses.
## **Summary**
After reviewing the trial balance and Income and Expenditure comparison, I am satisfied that reasonable care and attention have been made.
Overall, the accounts show a true and fair view of period 2021.
There are no recommendations to make as I am satisfied with the data entry.
**Report Prepared by:** Leon Edwards, BA Hons Accounting, ACPA ACPA Membership Number 07304016A
**Date:** Wednesday 31[st] October 2022
**Signed:**
**……………………….**
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## **Community of the Word of God - 269209**
## **Statement of Financial Activities**
## **For the period from 01 January 2021 to 31 December 2021**
||**Unrestricted**|**Designated**|**Restricted**|**Endowment**|**Total**|**Prior year**|
|---|---|---|---|---|---|---|
||**funds**|**funds**|**funds**|**funds**|**funds**|**total funds**|
|**_Income and endowments from:_**|||||||
|Donations and legacies|13,394|—|10,000|—|23,394|6,824|
|Investments|0|—|—|—|0|—|
|Other income|2,244|—|—|—|2,244|1,664|
|**Total income and endowments from:**|**15,638**|**—**|**10,000**|**—**|**25,638**|**8,488**|
|**_Expenditure on:_**|||||||
|Expenditure on charitable activities|7,334|—|—|—|7,334|—|
|Other expenditure|19,078|—|—|—|19,078|—|
|**Total expenditure on:**|**26,412**|**—**|**—**|**—**|**26,412**|**—**|
|**Net income / (expenditure)**|**(10,774)**|**—**|**10,000**|**—**|**(774)**|**8,488**|
||||||||
|**_Transfers_**|||||||
|**Net income / (expenditure)**|**(10,774)**|**—**|**10,000**|**—**|**(774)**|**8,488**|
|**_Other recognised gains / losses_**|||||||
|**Net movement in funds**|**(10,774)**|**—**|**10,000**|**—**|**(774)**|**8,488**|
|**_Reconciliation of funds_**|||||||
|**Total funds brought forward**|**22,277**|**—**|**1,007**|**—**|**23,285**|**14,796**|
|**Total funds carried forward**|**11,503**|**—**|**11,007**|**—**|**22,511**|**23,285**|
||||||||
|**_Represented by_**|||||||
|Unrestricted|||||||
|General fund|11,503|—|—|—|11,503|22,277|
|Restricted|||||||
|Bursary for retreatants|—|—|1,007|—|1,007|1,007|
|Car purchase|—|—|10,000|—|10,000|—|
_**There may be minor discrepancies in the totals if the pence are not being shown**_
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**Community of the Word of God - 269209**
## **Statement of Assets and Liabilities (by fund) As at: 31 December 2021**
||**Balance**|**Previous**
**balance**|
|---|---|---|
|**Cash at bank and in hand**
**6000: Bank current account - Asset**
Bursary for retreatants
Restricted
Car purchase
Restricted
General fund
Unrestricted
**6500: Bank BMM account - Asset**
General fund
Unrestricted
**Cash at bank and in hand**
**Grand Total**|1,007.80
10,000.00
14,402.95
**25,410.75**
(2,899.72)
**(2,899.72)**
**22,511.03**
**22,511.03**|1,007.80
—
22,277.66
**23,285.46**
—
**—**
**23,285.46**
**23,285.46**|
Approved by the trustees on 8th May 2022 and
Signed on their behalf by ………………………………………., Trustee
(Print name) Veronica A Sharpe, Trustee & Treasurer
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## **Community of the Word of God - 269209**
## **Fund movement by type Selected period: 01 January 2021 to 31 December 2021**
|**Fund and type**|**Fund balances**|**Incoming**|**Outgoing**|**Transfers**|**Gains and**|**Journal**|**Fund balances**|
|---|---|---|---|---|---|---|---|
||**brought forward**|**Resources**|**Resources**||**Losses**|**Entries**|**carried forward**|
|**Bursary**||||||||
|Restricted|1,007|—|—|—|—|—|1,007|
|**Sub-totals**|**1,007**|**—**|**—**|**—**|**—**|**—**|**1,007**|
|**Car**||||||||
|Restricted|—|10,000|—|—|—|—|10,000|
|**Sub-totals**|**—**|**10,000**|**—**|**—**|**—**|**—**|**10,000**|
|**Kitchen**||||||||
|Restricted|—|—|—|—|—|—|—|
|**Sub-totals**|**—**|**—**|**—**|**—**|**—**|**—**|**—**|
|**General**||||||||
|Unrestricted|22,277|15,638|26,412|—|—|—|11,503|
|**Sub-totals**|**22,277**|**15,638**|**26,412**|**—**|**—**|**—**|**11,503**|
|||||||||
|**Totals**|**23,285**|**25,638**|**26,412**|**—**|**—**|**—**|**22,511**|
_**There may be minor discrepancies in the totals if the pence are not being shown**_
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**Community of the Word of God - 269209**
## **Analysis of income and expenditure**
## **Selected period: 01 January 2021 to 31 December 2021**
|**Income and endowments**
**_Donations and legacies_**
0101 - Gift Aided income
0110 - Other donations
**_Donations and legacies Totals_**
**_Investments_**
1020 - Bank interest
**_Investments Totals_**
**_Other income_**
0130 - Retreat deposits, etc
0135 - Other income
**_Other income Totals_**
**Income and endowments**
**Grand totals**|**Unrestricted**
**Designated**
**Restricted**
**Endowment**
**Total**
**This year**
**Last year**|
|---|---|
||8,460
—
—
—
8,460
2,610
4,934
—
10,000
—
14,934
4,214|
||23,394
13,394
—
10,000
—
6,824
0
—
—
—
0
—|
||0
0
—
—
—
—
—
—
—
—
—
300
2,244
—
—
—
2,244
1,364|
||2,244
2,244
—
—
—
1,664|
||15,638
—
10,000
—
8,488
25,638|
|**Expenditure**
**_Expenditure on charitable activities_**
2231 - Postage for Companion mailings,
etc
190
—
—
—
190
—
2232 - Printing costs for CWG work
50
—
—
—
50
—
2234 - Stationery
241
—
—
—
241
—
2340 - Utilities - gas
546
—
—
—
546
—
2341 - Utilities - electricity
351
—
—
—
351
—
2345 - Activities & events, etc
45
—
—
—
45
—
2346 - Grants & bursaries
1,388
—
—
—
1,388
—
2350 - Computer & IT
362
—
—
—
362
—
2371 - Garden maintenance
4,156
—
—
—
4,156
—
7,334
7,334
—
—
—
—
**_Expenditure on charitable_**
**_activities Totals_**
**_Other expenditure_**
2201 - Insurance
270
—
—
—
270
—
2235 - Admin
29
—
—
—
29
—
2370 - General maintenance
6,710
—
—
—
6,710
—
2380 - Major structural work
11,800
—
—
—
11,800
—
2390 - Sundry (miscellaneous)
268
—
—
—
268
—
19,078
19,078
—
—
—
—
**_Other expenditure Totals_**
26,412
—
—
—
—
**Expenditure Grand totals**
26,412||
||7,334
7,334
—
—
—
—
270
—
—
—
270
—
29
—
—
—
29
—
6,710
—
—
—
6,710
—
11,800
—
—
—
11,800
—
268
—
—
—
268
—|
||19,078
19,078
—
—
—
—|
||26,412
—
—
—
—
26,412|
_**There may be minor discrepancies in the totals if the pence are not being shown**_
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