REGISTERED CHARITY NUMBER: 272021 REPORT OF THE TRUSTEES AND FI]YANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2023 FOR WORLDWIDE MISSION FELLOWSHIP Leroy Reid & Co Chartered Certified Accountants and Statutory Auditors 299 Northboroush Road Norbury London SW16 4TR
WORLDWIDE MISSION FELLOWSHIP CONTEIYTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2023 Page Ref¢renc¢ ond admlnlitrtlve d¢tall# Report of the trustees Report of the Independent iudltovs Statenwnt of tlnancl81 actlvltles Statement of fln•nclal posltlon Statement Of eaih flow5 10 Notes to the Ilnn¢l•l itAtements I I to 17 DetAlled stAtemeThl IlThan¢l•l 8¢tlvltle8 18
WORLDWIDE MISSIO14 FELLOWSHIP REFERENCE AND ADMIIYISTRATIVE DETAILS FOR THE YEAR ENDED 30TH SEPTEMBER 2023 TRUSTEES Rev Dennis Greenidge Rev E¥th¢r Taylor Miss Denise Peart Mr Mi¢hael Hosatwh Mrs Patricia Richords Mr Cristopher GritTIth M5 Janet Handy PIUNCIPAL ADDRESS 43 Au¢klanil Hill Webi Nonyood London SE27 9PF REGISTERED CHAIUTY NUMBER 272021 INDEPENDENT AUDITORS L¢roy R¢id & Co Chart¢rcd Ccrtifi¢d A¢countanis and Statutory Audiior8 299 Northborov¥h Road Norbury London SW164TR Pag¢ I
WORLDWIDE MIS8IOP4 FELLOWSHIP REPORT ()F THE TRUSI'EES FOR THE YEAR ENDED 30TH SEPTEMBER 2023 The truste£s prescnt ihcir report with the financial stateinents of the charity for ihe year ended 30th Sept¢mber 2023. The Inslees have adopted the provisions of Accounting and Rcporting by Charities-. Statcmenl of Recommcndcd Prarti¢e applicable to charitie5 preparing their accounts in accordanLe with the Financial RLporting Standard applicable in the UK and RepubliL ofireland (FRS 102) {¢ff¢ctive l January 2019). OWECTIVES AND ACTIVITIES Objeetives And alm$ (a) To spread the Gospel of Jesus aecording to the fundamcntal trnth of the Holy S¢riptures wilh the object of reaching Ihc UD$pved and puinling th¢m l(Tr ih¢ Lord Jesu Christ th¥ir gaviour. {b) To ¢8tabligh ¢hur¢h¢s throughoui England b¢yond for occompli8hing the PUnM)SC 8Ct forth in paragrdph lal above. {c) To prumotc Christian Fcllowship &mon¥ all born-again bclicvers. {dl To establish an¢J maintain such departmenly and in5tilutioN as may b¢ n¥$12ry lor the prDpagatian of the gospel of Jesus Christ and the work of thi¥ fellow%hip. Page 2
WORLDWIDE MIS8ION FELLOWSHIP REPORT UF THE TRUSTF.ES FOR THE YEAR ENDED 31bTH SEPTTr:MBER 21123 ACHIEVEMENT AND PERFORMANCE c.harity overview We are s¥iHteful tLI (iod for another successful year. Our weekly Sunday services have been at full capacity providing Ineinb¢rs and visitors th¢ opporninity to ineet worship. Our weekly pray¥r m¢etinu& un Tuesday evenings and Friday morningFs provide a forum to refleLt and pray for issues at lar&>e and within OUT local cominunities. This year hos been one of jubilation and reflection as we celebrated 70 years of ministry by co-founder. Mdry Anita Gr¢¢nid¥yL. R¢fl¥ciingr un our juurn¢y fcllowship. WL T¢jl)iced over God's faithfijlncbs and the ot]u1&T ijispirdlion Ihal Mary Anita Greenidge continlies io be io many. A beaulifiil thanksgiving $ervicc w5 h¢ld in November 2U22, allowing mciTLb¢TS to r¢fl¢¢t on our h¢Tilag¢, folluw¢d by a i'¥Leption and dinner. where ministcrs from arvund th¢ world gave tributes. C.harltAble acliv5tles As part of oiir commLinily 4uppi)rt pragrammc, w¢ h¢ld aur firsl annual 'commnItY eost of IlvlnE day, in Novcinber 2022. thi5 focus%ed on enipowLI'ing members and the local community with Ihc loo1% to mak¢ L55elltial savin¥& and incr¢dSC fjnancial cducatiun, W¥ dl%o had the plcasurc ol. a guesl %pedker froin Croydon eounLiI who Ldmc and gave a liort seminar on enerby savings. suppon and urants availuble to the elderly, pLoplL living with dibabilitiLs oi. in need of support. Tlic E5thL&r Outr¢Ach qe$8lOn8 continued throughout ihe year providin¥ workshopA 10 c.are expLriLnced young 0p]e in our loLol Lommunity. In late auiumn of 2022, Esther OuirLdch voliinlccrs, along with key fIUr¢I Irom Ci'oydon LLuving c.are and young p¢(Ipl¢ 8erviccg, oltended the national C.hildr¢n ond Young People Now Award5. Thi8 event wa8 un exciting and unfiTrrgcltable experience for Ihc young peuplc fri)m Ihc Esihcr Outre45Lb. We werL' Jl%i) dLlightcd i(Tr wilnes% one of i)ur Lttrc IcdvLf8 gct marricd and giv¢ birtli lu hLr fir81 child. This milLslonc was a joyuus Tnumenl, markin¥ h¢i' tran%ilion inlii adulihii()d (Jfici. u 8ix-ycar journey with uy, triily a succcss.slury. Fathers & Suns mlnl%try Li)nlinuc¥ Moi)day eveninbY%. It provide& #n opportuniiy li)r yoiinger and i)Id¢T mcn from wiihin the lelliiw¥liip aiid Ihc loLal coininunity to gla ther and pl4y fu(>tbtill to¥clhcr. Ai halftiillc. <)nL ol. Ihc IbAders will share a word of encouragemLnt FIDln Ihc Bible. Thcrc are between 2U an¢J 30 Inc'n that gaiher we¥kly fur this.so%sion. Deecmber saw our lirsl annual Chrlstmas F•yre which was open io Ihc loLal Lommunily as well ab mLmbers, this w#y trLinLndou5 5ucc¢$s, &howca8ing the rich thlcnt wiihin Ihc Fello%hIp providing a forum to Support IOLUI arli¥¥4n bii.sinebse&. Our cn(l-Df-ycur Prayer Retregt f(?LU.%cd nn providing mLnibLrs willi o quiet Telrcal to ¢nabl¢ ihem io s¢¢k CIod's direction for thL UP¢()min& yegi r. Thib w85 a time of reflvLli()n lliid spiritual gro11. In January 2021, Ihc Men'% Retreat al Ashbunihain Placc was a special time of prayer and fellowship, wherc fifty men 811hcred to cxperience Ihe prc.%encc ol. Ihc Lord. Over th¢ wcckenil of the 17-19 February 2023. th¥ 'Women of Destlny, Fellowship ConfLrcnce took place. Th¢ theme Wdy 'Thc KingdL)In i)f God is Within you., Thi> uniqui ¥vcn¢ .%aw woin¢ii of diff¢iLnl nalionalilie%. culiurLS, dnd age Froup% brLakin¥ duwn generaliunal dnd cultur#l barriers, wotshipping, bludying the Word of God tog¢tl)er und 5hurin life expiricn¢¢s Jnd the goodness of God. In MuTch w¢ ¢nj(Try¢d a night filled with exuberant praise alld woryhip lcd t)y Bjarne Aslakb'en frL)In Norway. This was followed by an outstanding Youth Night them¢d 'L¢t Us follow Jcsu% To¥cthcr." During April 2023, thc Worldwidc Mission fcllowship annual PI550ver CoThftrence wa% hcld. This is always a .spc¢ial time of fellowship, connccting wi¢h oihcr bclicver% lar cind near, rcceiving empowcnncnt from the Wold of fjod and cncouragcincnt to continuc in tl)c walk of faith. In May w¢ launLh¢d GCSL Revision cl855es lo students from within (Trur member cominunity siru¥8ling in Mathematics. Tutoring supporl was offered weekly on SatLirday momings. June 2023 featured a well-received Communlty Hcallh Day. This featured 5eniinars and h¢alth Lhecks Irom sevenieen In¢diLdl professionals whu vuluntcered their tiine Iv otTer suppori and advice to m¢mber5 and thos¢ fwm the local Lornmunity on all things p¢rtaining to health and wcll-txing. Pag¢ 3
WORLDWIDE MISSION FELLOWSHIP REPORT OF THE TRUSTEES FOR THE YEAR ENDED JOTH SEPTEMBER 2023 In Augusi 2023. we held our communlty sports day and pScnlc which was open io members, friends and family. This ¢v¢nt g¢neraled fftuch laught¢r dnd fun providin8 d SOLldl ti]n¢ f¢)r diffei'enl generalions to LonneLI and havc fcllowship. Additi(Trndlly, th¢ Sincere Prmisv Choir witli ininislers from the fellowship had ihe privile&Fe of undertaking a mission outi'each trip to CrLl&tia. They received a warm reLepiion and were a great nC0raen]¢nt to the Body of Christ as they cn¥aged ill evunuclibm. reachiD&i Don-LhurLh¢d peopl¢ with ihe Gobp¢l. Wc are so ¥rat¢ful tu Cjod for the conlinued fellowthip wc have with the luul ¢hurches. and it has bccn a joy to hive times of PTaycr and fellowship wgether. The Homeles8 mlnlslry team wcre able io reach out 10 the homeless in London and Northampton. We th&llk God for their laiihfulness. In latc 5uminer 2023, po%t rcnovalions to our outdoor arca$, WWMF hosted u burbcquc on a gloriously sunny day. wilh members invi11n friends and lamily join. li was wonderful io see IhtssL who do noi usually alt¢nd church enjliy ihe cv¥nt and delicious food, willi many expr¢%sing a dc8irc lor siinilar fiilure evenls. Thc ¢vLnl provided social iiilcraction for those who may not Iisually be able io connect wilh oihers. Throughout this period, WWMP was abli lo purchasc new audio and visual equipmcni lor the ¢hurch and carry out IULh-nLedcd relui'biyhmcnl%, includinLI l&ying nLW cafpLI in IIIL main sanctuary and UPbTradin¥ the tsulsi(i¥ ar¥as with new ouidoor sedling und plant$. Thcsc improveincnis havc greatly enhoiiced our wurship and follvwship spaccs. We are extremely grateful to oui. mini8ters, membcr.i and volunteer workeT¥ fur their ¢ominiirn¢ni. 4upporl and hurd wtsrk thmuglioui the year. WL look forward to Lhc cominB ycar. willi Ihc Lord'% hclp we will coniinue to lfIl oui. aiins, obj¢¢tlVCb jnd building plany, 'INANC.'IAL RTr'VIEW FinAnciAI posltlon The silllemcnt iTrt rinmncial JLtivitie.% ¥hows a net ¥iiiplus f()r the yeur ol. £143,840 12022- £165.071} and reservL of £(>.2fi6,247 12022- £6,122.407}. Th¢ preyLnt ICVLI ot. fundinu is adeqllllte t¢) 5UPPOrt lh¢ LontinlIon uf tho Church's s¢rvi¢¢% for twclvc mnih¥, and thL Irusices con$idcr the linanLial po%ition (>l'ihL cl)arity tu &thiisfaciory, PrlnL,Ipthl fundffing Bources Chui'ch members uiving and ollcring Loiitinucd to bc thc main sourcc of income and fur the financial year iindci. rcvicw donations werL. L345,940 {2022: £307,660). Investment polley And obJeetlYes It is oui. policy lo invc5t Iiur fund¥ balanc¢s on our Dcposit Account lo crnsur¢ a r¢asonablc rcturn in tern)5 of intcrest and long-tcnn protectio froin inflation. Reyerve¥ pDIIcy li 18 Church policy lo niaintain a balancc oil umcslriclcd tiinds (if p0$5ibl¢l. whi¢h ¢qiiatcs to at leas1 thrce months unrestriLted payments, ¢quival¥nt to £53.UOO, lo ¥ov¢r ¥m¢rgcn¢y situations that MAY arise from limc to time. S'I'RUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The charity is controlled by its governing documenl. a deed of trust and con¥titute5 an unin¢ory)ordt¢d chariiy. Chorlty ¢ott$tltutlon The org8nisution 14 8 cl)arity govcrned by a con4tittition adopted on the 30th January 1999. Reeruitment and Appointment of truytees Mo%t trust¢es ar¢ already familiar with lh¢ practical work of lh¢ charity. Additionally. ncw truslees arc invitcd and encouraged io attend a series of Short training scssions to familiarise themselves with the charity and th¢ context within which it opcratcs. Page 4
Iv )Rl.l)IV STRucniRb., Gq)Vfr'.RNANC.I,,' AP411 MANA(vTr.MF.NI' C)rgaDlxnllonAI ilriittiir¢ Woi'ldwi4lc Mi.8$ion l.clli)wylili) li Il l)y Ihe SL%niiir Pnii(Ir R, l)cnnlq (Ireeniilg¢ And liev. IIAiher R '[ Hylor WI Ve or¥nni¥ixl ¥Li IhThi IIIL Ini8tccs iiiccl rLMiilnrly lil Innnll¥c 11.4 iiifAlr8. Iltsili Pu91iirA cmployce4 of Ilie ('h0rily bB4eil the recomiiieiidilioii i)r Ilic IliJNnl ill I'ni4lcLiS niid Ilie Aiipri)vHI uf IIIL, I,'lirlty Cnmmiy9iDn No thrlhci di8cIoAiJre i¥ Rlsk mifvfL£ement Thc Ini%ltL% hAir li dilly til ideiilify lid rvvicw Ihc risky li) wliiLIi Ilic chArity li LXped •Nt lo ¢niirrc appropri&t¢ tcinlN)l% iii plnc'.c lil iinivide rrAsonablc 4$511fAllCC llgpitist fiaiid And error. "IINIXS 111.I.I) AS f.IISIX)I)IAN (Il'llll ILS I'hi ("harily Ilid ni)I hnlil Ally fibnd% Al eiislnLIi8ll8 for oih¢wJ TRU%T.F.S' RE.%N)N%IBTI,II'Y.41'ATI,:MTr.NI' Tli¢ Ini81L re TL'yN)nsiblc tor Prcpariiig Ilie R¢w)rl vf Illl. Ini.41c¢• Ihe fiMnLial 91Al¢menlJ ift acCordn¢t wilh pplichhlc liw Dnd Ui)ilcd Kiii8111)iii A¢clini1nj Sian(l&rd4 IUnilLd Kinlldom (iL'nerilly A¢cepl¢d Ae.coitnting PtHelic¢l iiicli>dinB finan¥ial Si8iidard 102 'Tlio l.'Ii)Jll¢iHI R¥)rling SIAndihrd upplicablc in Ihe IIK Rnd Republi¢ or IrelAnd" The I•w Applicahlc tty Llihrilic¥ in I'.ngloThil and WAIL$. Ili¢ Chaiilies Acl 2011, C,'harity (Accounti irtd Repor181 Rc¥ulalion& 21M)l& And thc pr(Trvisions of Ilie Iniyi ¢JLL4J reyiiirL8 Ihc Irusle¢$ l(I prcpRrc f1nancial .4lAt¢nnt4 fvr ¢dch rillnL1&1)'Ldr which give 8 InJL llnd fair vicw of Ilic slai¥ ol. lh¢ chaiily und of the iiic(IminLI rLWILrLes and pi)li¢alT(In of rc%our¢c4 iiillildin ihr iiicvinL 8nd LXPCn(liiur¢. of th¢ charity for tIiAI periiKI. In pr¢paring ¢ho8e linancial 51Otenienls, Ihc thjilccs arc rcqiiircd lo 5Llecl 5uilable accoun111, puliri¥$ und Ihen Jpply Iheni CLTrn$ixi¥nllyi ob5¢rvc (he InLihod& aiid principlcs iii iho CIIiTity SORP, mllkc jvdgcmenis and eyllrnnte% that are rexsiinable and pN(Icni', liaie wheiher appli¢ublL acciiunlingi %11da1.dS hav¢ bL'¢n folluK,d. %ubjwl li? lltty nwtLriJl d¢partur¢% di5cloi¢d YT explaITh in the finan¢iul $I411¢¢n1. pr¢p8Te the financiAI slaiemeni8 on ihe going Loncern basis unlc%% it 1% inappropriali itt presume Ihai thc ch8rily will ¢ontinuE in bu5inc¥¥. The Arc rexponsiblc for kcLpin¥ prop¢r JCLuunlin IYCOTds whiLh disili)*¢ with reuson4blL aceuracy Jl any limc Ihc fillaTrEial pubiiton of lh¢ ¥hJriry llnd io enable ih¢m 10 ¢nsufL th81 the finiinLial Sthlcmonts comply willi the Charill¢S Acl 201 l. th¢ Charity (AcLounts and Report51 RLgiilAiion5 2008 and the prvvision5 of the ITU&t deed. They arc Ll&u responsiblL for 8af¢Euarding the as%1.¥ of the chaTIIy And h¢nLC lor takin8 TL)ndhI¢ steps for Ihc PTcv¢ntion artil d¢l¥cltorh uf fr8ud an¢J oihcr irregulaTilies. Approvcd by order of the board ofttwyieex on .%.P.¥k.SuhA.laH. and 5i8nC4t on IL8 bchJlfby'. R¢¥ F.stheF Tdylor- T slee
REPORT OF THF. IIYDEPF,NDENT AUDITORS TO THE TRUSTEES OF WORI.DWIDE MISSION FELLOWSHIP Opinlon Wc havc audtted the fJn8ncial staiemenls of Worldwide Mission Fellowship (the 'charity') for the year ended 30th September 2023 whicli Comprise the Statement of findncial activities. the S(atemenl of financial po8ition, th¢ Statejnent of casli Ilows and notes to the finallcldl statem¢nts, including d yuinjnary ot- significant aLcounting puliLies. Th¢ finai)Lial reporting framework that has been applied in ilieir preparalion is applicable law and United Kingdorn Ac¢uuniin& Siandards (United Kingdom Generally AcLepled Aeeounting Prdclieel, including Financial Reporting Standard 102 'Th¢ Finan¢ial R¢portiryg Stsndard applicable in the UK and Republi¢ of Ireland,. In our (Trpiniun th¢ fiTwicial 8tatements-. give a uue and fair view of Ihc slaie of ihc ¢hariry'li affairs as at 30ih S¢piember 2023 and of its incoming rc8ourcc8 li Jppli¢ation of rc81)ur¢¢s, for th¢ ycar thcn ¢ndcd; havc bcen properly prcparL.d in aecordancL wirh United Kingdoin (yenerally Acccpicd Accounting Procti¢e, including Pinaneidl R¢porting Standard l a2 Thc Financial Rcporting Standard ypplhcablc in th¢ UK and Republi¢ of Ircland,. and havc been prepared in accordancc with the r¢quirem¢nts of th¢ Lhariti¢s Act 2011. B85is lor op5nlon We LonJuLl¥d Our audit in acLordaiice wilh International Sidndards on Audilin¥ (UK) IISAb (IIKI) and applicable low. Our respun5ibililic5 undLr thosL' standui'ds dfL fvith¢r dLsLribcd in IIIL Auditors, reponSibilItieS for the Hudil i)I' the findncial st4tLJnenls seciion ol'our rL'pon, WL al'e indLpendLnt ol'the Lharity in accordance with Ihb cihiLal rcquircmenis thkni are relevani 10 our uudil Il)¢ lindnLi414lal¢m¢nts in Ihc UK, inLluJinu th¥ FRC'.% Ethical Siundard, and WL. have fulfilled Our oiher ethical responsibilitie8 lil aLcordanLc with Ihcsc reqiiirLmLnt8. We bclieve thul thL uudit LvidcnLe w¢ havc obtained is %ii(]ieiciit appropri4t¥ tu prvvide u basis fur oui. vpini(Trn. Con¢lu8lons relAtlnR to %ulD% conrern In aiiditing th¢ finunlial btutement4, we huve concluded that the trusiees, use of ihe going conccrn basis ofaccounlin¥ in the pr¥paraiion uf Ih¢ fLn?n¢iÈtl %14t¢m¢nls is bppropTial¢. B&.%Ld i)n the wiirk we huve perfornied. we havc n()1 idci)lilicd any mllierial urtcert#intie5 reliiling lo cvcnls or LOI)dilion5 thal, individLVdlly or LollLilivcly, may last siuniflcant doubt un the Ll)arily'¥ ability to L(Trntinui as # goirt LunLVrn Ivr # PLriod L)I'ai Ica%1 twL,IvL' monihs from whei) the linanciol stalen)enib are aiithorised for i&suL. Our rLsponsibilitiLs und The reyponsibiliiieb of the inleeS with respeLt to ¥oinu concern arc d¥Tibed in the relevunl %Lclion8 of Ihis rcport. Other InfrmAtIO The IruytL¢Y ure responsible l()r thc nthcr infomialion. The oihcr inlomMii(¥n Lomprisc8 ihe infonnutiun includ¢d in lh¢ Ann1 report. i)ther thai) the finoncilll sralemen14 and OLir Rcpon of the independent auditors thLrc()n. ()ur opinion nn thc fInlI¢1a[ 51aiements doe8 noi cover ilie oilier infomiation ai)d. exLept t(Tr the cxlcnt otherwise explicitly stal¢d in our rep(?rt, WL do nol ¢xprb'¥.% dny fi)rin of dbsuranLc cvnclu$ioii IliLrLon. In conn¢Ltion with oui. audil ()f Ihc financial %ldt¥mLnts, uiir rcsp()n¥ibilily 1% t(> rcad th¢ tyih¢r inforniytion and. in d()inB so, LonsidiT whether tlie other inlormaiion is matcrially inLoll8islenl with ihL fin£lnLial btdlemL'nL% ur our knowl¥dge Obl]led ii) the audit or i)thcrwisc appears to be Indlei'idlly misstdtld. If w¥ id¢ntify -%ucli maierial inLunsibtLnLiLS or apparent malcridl misslatcinenis. WL are rLNuirLd to deicrminL whciher thi.% givLS fisL to u malerial misstdtcmLnt in ih¢ finaJ)cial staiemcnts th¢msilv¢s. If, bas¢d on the work we hav¢ pcrf¢)rmed, w¢ concludc that there is d m#iLrial misstcltement of thi.% oihcr inforniation. wc are required io report ihdt faLt. We haYL nothing (o report in this rcg&rd. Matters whlch we are reqvlred lo report by exceptlon We havc nothing to Teport in rc.%pcct of Ihc liillowing matl¢TS whcrc the Charitics (Accoiints and Rcportsl Rcgu18tions 20011 requires us lo report lo yoii if, in our opinion.. Ihc inloTniation giv¢n in Lh¢ Report of the trii.%tees is inconsistent in any material r¢5pect with ihc financial 5tatements'. or 8ullicient accounting records have n(Trt b¢¢n kept,. or the fiDancial stateinents dre not in dgreement with tlie aL¥ounting) reLurd¥ dnd retums. or we have noi reL'eivcd all th¢ infunnalion and explanations w¢ r¢quir¢ for our audit. Pag¢ 6
REPORT OFTHE INDEPENDENT AUDITORS TO THE TRUSTEES OF WORLDWIDE MJSSION FELLOWSHIP Re$poTrsibilitieg of trustees As ¢xplained rnore fully in the Thistees, rcsponsibilities statement, the trustees are responsible for the prepardtion of the financial statement5 which give a tnje and fair view, ond for such internal control as the trusiees deterniine is necessary ¢0 enable the preparation of fmancial statements that are free from material rni5Statement, whether due to fraud or error. In prring the financial statements, the trustees are r¢sponsibl¢ for a$s¢Ing the charity's ability to continue as a going concern. disclosing. as applicabl¢. matt¢rs r¢lat¢d to going ¢onc¢rn and using the going concern basis of accounting unless the lrnste¢s either int¢nd to liquidat¢ the charity or to c¢a5c operations, or hav¢ no r¢glisiic alrnatiVe but to do so. Our resportslbllltltg for the audlt of the fin&ncial statements We have been apFM)inted a5 auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant rekFulalions made or having effeci thereunder. Our objectives are to obtain reasonable assuran¢c obout wheth¢r lh¢ finonciol sthtrments 05 a whole are free from malcrial misstatement. wheiher due io fraud or error, and to issue a Report of the indepcndcni audiiors that includes our opinion. Reasonable assuranc¢ is a hi¥h level of a53urance, but 15 not a guarantee ihat an audit conducted in accordance wilh ISAS (UK) will alway5 detect & malerial misstalemcnl when it exisls. Miys¢atemenls ¢an arise from fraud or error and are consideTed material if. individually or in the aggregate. thcy could reasonably be exp¢¢ted io influen¢e the economic decision5 of users token on the b&8is of these financial statements. As part of our planning PToces5'. We enquired of management the systems and controls the eompany has in place, the areas of the financial siatements that are mosily susceptible to the risk of irrcbyularilics and traud, and whethcr there wos ony known. suspected or allcgcd fraud. The chariry did nof infomi us of any known, suspected or alleged fraud. .We obtained an uftdersianding orth¢ l¢gyy41 and rcgulatory frameworks applicable ¢0 the charity. -we considered ¢h¢ incentives and opportunities that exist in the charity including ihc cxtcnt of tnanagem¢rtt bias. which present a potential for irregularities and fraud to be perpetuated and tailored our risk assc55mcnt accordingly. -using our knowledge of the charity. together with the discussions held with the charity ai ihc planning stage, w¢ forni a ¢onclusion on thc risk of misytatemeni due to irregulorities including fraud and thilorcd our predureS according to this risk assessrnent. A further description of our respongibiliiies for the audit of the firtancial 8ia¢ements is located on the Financial Reporting Council's website at www.frc.or¥.uklauditorsrcsponsibilitics. This description fom)s parl of our Report of ihe Indepcndenl Auditors. Use of our report This report is made solely to ihe charity's trustces. as a body, in accordancc with Part 4 of the Charities {Accoun15 and R¢port51 Regulations 2008. Our audit work has been undertaken so thgt we might slalc lo the charity's trustees those att¢r5 w¢ arc required to state to them in an audilors, report and for no othcr purpose. To the fullest extent pemiitted by law, wc do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, foT our audit work, for this rcport, or for thc opiniuns we have forrned. E 0/ Mr Ebenez¢r Okai, (Bsc), FCCA (Senior Statutory Auditor) for and on b¢halFof Leroy Reid & Co Chartercd Certified Accountants and Statutory Auditors 299 Northborough Road Norbury London SW164TR Date= .... Page 7
WORLDWIDE MISSION FELLOWSHIP STATEMENT OF FINANCIAL ACTIVITIES OR THE YEAR EIYDED 30TH SEPTEMBER 2023 2023 Total funds 2U22 Tot81 fuD(Ls Ullrestrlcted funds Rvstrieted funds Notes INCOME AND ENDOWMENTS FROM DLTrnations and ILgacies 345,940 345.940 307.660 Charltable actlvitles Mi.%siun& dvnations 1,229 11.229 2,021 Investment income 16,OJO 16.03 1.550 373.199 373.199 311,231 EXPEIYDII'URE ON ChArlt#ble actlvltle5 Church trxpeiises 229,359 229.359 146,100 NET INCOME 143,R40 143,840 165.071 RFCONCILJATION OF FUNDS Total n¥ brought fonvard 6,122,407 6,122,407 3,937,336 TOTAL TrVP4DS CARRIED F()RWARD 6.266,247 6,266,247 6,122,407 The notes fonn parl of th¢s¢ financial Statent Page 8
WORLDIVIDE MI '.SIO JILLLOW MI,;NT i'ii I,. I.'INAN 'IAL posl-ri 2023 Z022 Notei FIXED ASSET& Tangible assets 3.410,( J.363,994 CURRLNT ASSETS Dcbtors C48h af b4nk 12 8,807 2,875,951 8.916 2,755,J48 2,884.758 2,764,264 CREDITh)RS AlliouTrli falling duc wiihin onc year ij (28,5201 (5,8511 NET CURRENT ASSETS IB56,238 2,758.413 TOTAL Assrfs LL8S CURRENT LIABILITIES 6266,247 6,122.407 ASSETS 6,266,247 6,122.407 FUNDS Unrestricted fund¥ 6266,247 6,122.407 TOTAL FUNDS 6.266.247 6,122.407 Th¢ Gnancial wcr¢ approv¢d by th¢ Boird of TnwteE$ It athis¢d for issue on .Z.fyh..ff.M,,.4?.4QAd wcrc si8ned on ils bohaifby.. R¢v C$ther ur - Tru81 Mi$5 Deni P¢art- Tru5tce The notes forni pHrt of thttc finDniial sifyi¢mcntJ Pog¢
WORLDWIDE MISSION FELLOWSHIP STATEMENT OF CASH FLOWS FQR THE YEAR ENDED 10TH SF_PTF..MBER 21121 2023 21122 Notes Cash floivs frorn DperatlDg actlvlt1¢5 Cash generated from operdlions 178,1179 165,102 Net Lash provided by operating activities 178,879 165,1(12 Cash frum Invc511ng 4ctlvltle$ Purchase of tangible fixed assets {5B,276) Net cash {used inyprovided by invc8ting activities {58.276) ChAngC In c*5h And cash equlvAlents In thL' rLportlng perlod Cash 8nd equlv8leNts at thL' beglnnlng of the reportlng perlod 120,603 165,102 2,755.348 2,590,246 Cash and cg48h oqulvxlents At the iiThd of the reportln% pcrlod 2,875.951 2,755,348 The notes forni part ofthese fInCIal statements Page 10
WORLDWIDE MISSION FELLOWSHIP NOTES TO THE FINANCIAL STA'fEMENTS FOR THE YEAR ENDED 30TH SEPI'F.MRER 2023 ACCOUNTIIYG POLICIES BASIS OF PREPARING THE FINANCIAL STATEMENTS Th¢ finanliul stat¢m¢nts of th¢ oharity, whi¢h is d public bLnefit entity under FRS 102, have been prepkwed in accordance with the Charitics SORP (FRS 102) 'Accounting and R¢porting by C.harities.' Siaiemenl ol- Recommended Practice applicLbl¢ to LhdritiL5 prLpdring their accounts in accordan¢e wilh the Financial Reporting Siandard applicablc in the UK and Repiibli¢ of Ircland IFRS 102) {effeciive l January 2019),. Financial Reporting SiandArd 102 The Financial Reporting Siandard Applicablc in th¢ UK and Republic of Ircland, and thc Charities Act 2011. Thc linancial statenicnls havc bccE) prepared under ihe historical ¢onvcniion. Wurldwide Mission Fellowship is a charity registered in l.n8land and Wal¢s. Th¢ registered otyicc is 43 AuLkliind Hill, Wesi Noiivood, LL)ndon, SE27 9PF. The financial siatcmcnl5 are prepared in sterling, which ig the functional Lurrency of the charily. Mon¢tary amounts in this financial statements #re rounded tu Ihc ncaresl £. INCOME All incornc is Tecognised in the 8tstcmcnt of finanLial AcliYiti¢s vni¢ th¢ chk)fiiy has entiilement to the fund.%. it i9J probablc thllt the iLi¥om¥' will be reLCiVLd and ihe amouni con be mca8UTcd r¢liably. LXPENDITURE LiabilitiLs ure recognised as ¢xpenditurL' a¥ won a4 Ihcre 1% a legHI ()r Lon8tJuciiYe obli¥Jlion committing the charity to thai cxpendiiure. li is probable ihyl d trdnsfLr (if cconomic benefits will bc require(l in 8ettlement #nd lh¥ kllMI)Ul)t of the obliuativn lyn bL m¢u4urcd I'¥liably. Expet)dilure i& aLLnLiiiled lor on aCcia]S basi% and has been classified under headingb thut aleat¢ dll LiJ$t Tclaled lo the cat¢g()ry. Wliere Los14 Laiinol be dirLcIIy 4tlributcd i() partl¢lLlar h¢¥dinlS thLy have bL'en alloLaied to ttLlivitiL% on a basis ¢on4isLcnl with ihL ulc of TesourLcb. SUPPORI. COST Suppiirt cost relales io govem&nce cosi which is ihe siatuiory audit fee und nun-audil servir¢% which 15 dtuly¥vd in noie 7. TANC,IBLE FIXED ASSETS Deprcciaiion i% providLd dl thL lollowing annual rates in ordLr to Wrltc oif each yss¢t ovei. its c%timHtcd useful Plani & MaLhinery Mul(Tri' v¢hi¢les 20 /0 on co%1 20Q/• Reiluiing bHlanL¢ TAXATION The Lharily is cxcinpl from lax on it8 charitable activitics. FUND ACCOUNTING Unrcslrict¢d funds can b¢ used in accordancc with thc charitable objc¢tlVC8 at the discrction of th¢ trvstees. Includcd williin iinrcslriclcd fiiiids are designated fund5 which rclales to fwid5 S¢t aside by unanimous votes by the trubtL%S fL)r the piirpose agr¢¢d. R¢slriit¢d funds can only b¢ used for parti¢ular r¢strictLIl purpoEcs within thL vbjLls ofthe ¢harity. Re5triction5 arise when spcLified by thc donor or when funds are raised for par¢i¢ulai i¢slTicl¢d Pilrposes. Further explanation of the t]ature and PLirwse ofeach fund is inLluded in the noles tu the financial statement5. Galns and losses All gain.% and losses are tsk¢n to the SOFA as they arise. The fair value of thc property is assessed and dctcmiincd by a qualified C.hartercd Survcyor. continued...
WORLDWIDE MIS.SION FELLOWSHIP NOTES TO THE FINANCIAL STATEMENfS- eontinued FOR THE VEAR ENDED 30TH SEPTEMBER 2023 ACCOUNTIiYG POLICIES- contlDued FUIVD ACCOUNTING Qains and losses whether realised or unreali&ed is calculated as th¢ difference between the fair valu¢ and ih¢ opening caiTying value of purchase cost. PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS Th¥ ¢hyrity op¢rst¢s a d¥fin¥d contribution petL$ion heMe. Contributi(Trns payable ro the charli8 pension schcmc arc chargcd io the Statement of Financial Activilic8 in th¢ P¥Tivd to which they Tclate. DONATIONS AND LEGACIES 2023 Total 2022 Total fund$ Unre8tri¢led funds Rcstricted funds Tithes #nd offerinij 345,940 345.940 307,660 INVESTMENT INCOME 2023 Total fuDdg 2022 TDt*l fund8 UnYostrl¢ltd fund$ R¢$trlclod funds Investment income 16,03 16,030 1,550 INCOME FROM CHARITABLE ACTIVITIES 2023 2022 A¢tlvlty Misyiuns und dunutions Conf¢r¢nccs and ¢vcnl 11,229 2,021 CHARITABLE ACTIVITIES COSTS Dlrccl C.ost%15ee notc 6) Support cDsts (iec note 7) Totals Church expenses 22.1 ()C)6 5,363 221).359 Page 12 ontinu¢d..
WORLDWIDE MISSJON FELLOWSHIP NOTES TO THE FINANCIAL 8TATEMENTS- contlnued FOR THE YEAR ENDED 30TH SEPTEMBER 2023 DIREcf COSTS OF CHARITABLE ACTIVITIES 2023 2022 TNstees' remuneration elc Siaff costs Rates Insuranc¢ LigFht and heat T¢l¢phon¢ and internet Postagc and stutionery C4)nf¢r¢n¢¢& and events Media team expenses Chuwh 8uppIios HonoraTlUm Motoi. expcnscs Repair8 and maintenance Subseriptiun Hall hirc Bank clidrgc¥ Deprc¥iatioii 60,253 61.502 11,973 8,116 17,909 2,642 5.173 36,590 3,454 4,992 2,114 1,403 39,487 6,468 10.093 8,079 10,273 3,403 1,893 4,442 1,442 1,347 1,0 1,9811 15,954 5,344 2,964 72 187 27 12,262 223.996 SUPPORT COSTS Governan¢e ¢oJts LTriir¥h exp¢n5¢S 5,363 Support cost¥, inLludcd in Ihc abi)vc, arL' M.¥ f()IIow8'. GOVERNANCE COSTS 21123 ChurLh expenses 2022 Total
cilvltle%
Auditor¥' remui)eNlion Auditor5, r¢mun¢T8tion for non audit work 4.946 417 4,666 353 5,363 5,(J19 AUDITORS, REMUNERATION 2023 2022 Fee5 payable to the charity's u1¢or5 for the audit vf the chaTIty'5 financial yta(¢ment Oth¢T non.audit services 4,946 417 4,666 333 Page 13 continued...
WORLDWIDE MISSION FELLOWSHIP NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED JOTH SEwfEMBER 2023 TRUSTEES, REMUNERATION AND BENEFITS 2023 2022 Trustees, salaries TrusLees' soLial security Trustee5' pension5 paid 58,100 803 lJ50 54,346 5,788 1,368 60,253 61,502 The remuneration paid to the trustec5 Tclates to salaTI¢S paid to th¢ two pastors for Ihcir role as oversc¢r4 of the church. TRUSTEES, EXPENSES Th¥rc w¢ro no tnL%tecs' cxpcnses paid for Ihe year ended 30th September 2023 nor for the year ended 30th Septcmbcr 2Q22. STAFF COSTS 2023 2022 Wages and 5alari¢s SoL'ial security eos15 Pension- F,n)ployer 10,764 10,4f12 359 317 136 10,90n I1,15R The average monthly number of empl(Tryces during the year wjs os follow¥.' 2023 2022 Pastors Adininistrativc stali. No employees reccived emoluments in excess of £60,QOO. Page 14 continued...
IVORLDWIDE MISSIOIY FELLOWSHIP NOTES TO THE FINANCIAL STATEMENTS- e•ntlnued FOR THE YEAR ENDED JOTH SEPTEMBER 21123 TANGIBLE FIXED ASSETS Freehold pr•perty Plant machlnery Motor vehi¢le$ Totsl8 COST At I st O¢tobcr 2022 Additions Disposals 3,363.700 222,908 58,276 23,509 3,610.117 58.276 (16.909) (16.9091 At 30th Septeinber 2023 3,363,700 281.184 6,600 3,651.484 DEPRECIATION At l st Octo[r 2022 Churge for year Eliminuted on disrx)sal 222,908 12,202 23.215 59 116,909) 246,123 12,261 (16.909) At 30th September 2023 235,110 6.365 241.47S IYET BO()K VALUE At 30th S¢pt¢mb¢r 2023 3,3fi3,700 46,074 235 3,41 J,n(J9 At 30th S¢pi¢mb¢r 2022 3.363.71)0 294 1,363.994 12. DEBTORS: AMOUNTS FAI.I.ING DUE WITHIN ONF. YEAR 2023 21122 Pr¢paymont$ 8,8U7 8,916 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade creditors Taxation und siiLial bLLurily Other creditors 22,423 1163 5,234 1,185 4,666 28,520 5,851 14. ANALYSIS OF NLT ASSETS BETWEEN FUIYDS 2023 Total funds 2022 Totgl funds Unreytrletod fiindj Reytrlcted luNds Fixed assets Current a&%¢1 CurrLnl liabilities 3,410,009 2,884,758 (28,520} 3,41 J,INJ9 2,884.758 {28,520) 3,363,994 2,764,264 15,851) 6.266,247 6,266,247 6,122,407 Paue 15 cvntinued...
WORLDWIDE MISSION FELLOWSHIP NOTE8 TO THE FINANCIAL STAI'F.MENTS- eontinued FOR THE YEAR EIYDED JOTH SbPTEMBER 202.1 15. MOVEMENT IIY FUNDS Iyet movemtnt In fundti At 1.10.22 At 30.9.23 Unn5tricted funds GencriLI fund 6,122.407 143,840 6,266,247 TOTAL FUND5 6,122,407 143.840 6,266,247 Nei movemeni in funds, included in Ihe above are as follows.. Incomlng resource5 Resourcei expended Movement Unre$trl¢ted funds GeneTal fund 373,199 229,3$9) 143,1140 TOTAL FUNDS 373,199 1229,3.59} 14.1,X40 CompAr#tlve$ foi. rnovemeJ)I ID fund$ Net movement In fuNd8 At At 311.9.22 Unreslrlcted funds G¥niral fvnd 5,957,336 165,071 6,122,407 TOTAL FUNDS 5.957,336 165,071 6,122,407 Comparative net mi)vcmi'nt in fund¥, included in the alx)vc are as followy.. In¢omln8 re8ource5 RLbsourLcs expendcd MovemL'lIt In funds Ur(StrIcted funds CJener&l fund 311,231 (146,160) 165,071 TOI'AL FUNDS 311.231 1146,160} 165.071 DeslgnAted Fund8 Th¥ tlllstees as part of their comrnitinenl lo acquire a new ChUh building havc dcsignated all thc funds held in the Barclay5 Business Preinium bank aLcount as al 30 SeplcThber 2023 totalling £2,095.335 (2U22 - £2,078,825) for any future aLquisilion. This 15 consistent wit]1 prior year¥ 4nd th¢ balance form5 parl uf the Unrestricted Fund disLlobed in ihe liMnLial s(aiements. Page 16 ontinued...
WORLDWIDE MISSION FELLOWSHIP NOTES TO THE FINANCIAL.STATEMENTS- contlnued FOR THE YEAR ENDED 3UTH SEPTEMBER 2023 15. MOVEMENT IN FUNDS- cDntlDued The unrestricted funds a150 include5 the increased values derived from the revaluation exercisc undertaken in 2007 and 2015 tiir all the prop¢rti¢s regislered in the of the Charity. The sutn total £2.557,701. 16. RELATED PARTY DISCLOSURES Rcv E Taylor and Rcv D Crreenid¥¢ ¥4r¢ both tsN8t¢¢s and received salaries for th¢ y¢ar ended JO September 2023. 17. RECONCILIA'I'ION OF NET INCOME TO NET CASH FLOW FRUM OPERATING ACTIVITIES 2023 21b22 N¢t In¢ome for the rtportlng perlod {#s per tht StatemL*lIt of nnlnclal Actlvltllbs) Adjustments for.. r)¢pre¢ialion ¥hrLs Decredsellincreage) in debtors Incr¢lls¢ in cr¢diiors 143.840 165,071 12,262 109 22,668 187 {1,054) 8911 Net cash provlded by operxtlons 178.879 If)5,lQ2 18. ANALYSI&1 OF CHANGES IN NET FUNDS AI 1.10.22 Ca8h tlow At 30.9.23 Net ¢a$h Cllsh #t bank 2,755,348 120.603 2,875.Y51 2,755,348 120,6113 2,875.951 Total 2,755,348 12Q,C)03 2,875,951 Pdge 17
WORLDWIDE MISSION FELLUW.8HIP DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 311TH SEPTEMBER 2023 2023 Totgl fulld¥ 2022 TotAI funds Unre$trlcted funds Restrlcted fund$ INCOME AND ENDOWMENTS Donation$ Artd legA¢ieJ Tithes and oATering 345,940 .345,940 307.660 Investment Income Investment inLome 16,030 1,550 ChArltable actlvltles Conf¢r¢necs and evenis 11,229 11,229 2,U21 Total Inc•mlnR fLwufLcg 373,199 373,199 311.231 EXPENDITURE Ch*rltAble acilvltl TN%tCC$' 5alaTies Trustees. Socidl yecurily TnL81¢¢$' penyions paid Wages social gecurity Pensions Rates Ingurunc¢ Li8hi and heat T¢lephon¥ lliid inl¥rn¢t Po8ta¥e und stulionery ConferenL¢s and LVLnts Media te4m expenses ChurL,h suppliLs HonorHriuin Motor LXPLnses R¥pairs and maint¢nance SubsLriptiun Ilall hire Bank chargeb Dcpre¢ialion of tangibl¢ fix¢d 88%Ct4 58,100 R03 .3511 10,764 233 136 11.973 5¥,100 803 1,350 10.764 233 136 11.973 8,116 17,909 2,642 5,173 36,59n 3,454 4,992 2,114 1,403 39,487 6.468 54,346 5,7f18 IU,4S2 359 317 10.119J 8,079 10,273 3.403 1,893 4.442 1,442 1,347 I,ono 1,988 15,954 5,344 2,964 72 IR7 I7,9) 2,642 3,173 36,590 3,454 4.992 2,114 1.403 6,468 27 12,262 27 12,262 223,996 221,996 141,141 Support COSt Governance ¢DstS Auditurs, remuneration Auditors, r¢munei'alion for non audit work 4.946 417 4,946 417 4,666 353 5,363 5,363 5,019 Total re50urc¢s cxpendcd 229,359 229.359 146,16Q Net irteome 143,840 14.1.1140 165,071 This page does not forni part of the statutory financial 5tat¢ments Pag¢ 18