REGISTERED CHARITY NUMBER: 272021 REPORT OF THE TRUSTEES AND FINANCIALSTATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER2024 FOR WORLDWIDE MISSION FELLOWSHIP Leroy R¢id & Co Chart¢red C¢rtifi¢d Accountartls and St4tulory Auditor5 299 Northborough Road Norbury London SW16 4TR WORLDWIDE MISSION FELiL)WSHIP CONTENTS OF THE FINANCIAL ST ATEMENTS FOR THE YEAR EJ¥DED 30TH SEPTEMBER 21124 PAge RefereThce and admlnlstrAtlve detallg Report of the truitees Report of Ihe lrtdepertd¢nt *ud5tori 6 to 8 ststement of Ilnanclal aetlvltlej Stotement of Ilnanelal posltlon 10 Ststement ofeA8b flows Notes to the fJnon¢l*l Jtatement8 12 10 18 Iktalled sthternent of Ilnlnf lal attlvltiei 19 10 20 WORLDWIDE MISSION FELLOWSHIP REFERENCE AND ADMINJSTRATJVE DETAIts FOR THE YEAR E]YDED 30TH SEPTEMBER 2024 TRUSTEES R¢v Dennis Greenidge Rev Esiher TAylor Miss D¢nis¢ P¢art Mr Micha¢l Hosannah MTS Patricia Richard5 Mr Cristopher Griifith Ms Janet HBndy PRINCIPAL ADDRE&S 43 Auckland Hill W¢5t Norwood London SE27 9PF REGISTERED CHARITY NUMBER 272021 INDEPENDENT AUDITORS Leroy Reid & Co Chartered Certified Accountllnts and Stalutory Auditors 299 Northborough Road Norbury London SW16 4TR Pa80 1 WORLDWIDE MISSIOIY FELLOWSHIP REPORT OFTHE TRUSTEES FOR THE VEAR ENDED 30TH SEPTEMBER 2024 The trustees present iheir report with the financial staternents of the chaTity for the year ended 30th September 2024. The tThslees have adopted the provisions of Accounting and Reporting by Charitie5.- Statement of Recommended Prdctice applicable to ¢harities preparin¥ their a¢￿UnIS in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland (FRS 102) (effective l January 2019). ORJECTIVES AND ACTIVITIES ObJecUveJ aims (a) To spread the Gospel of Jesus according to the fundamental truth of the Holy Sttipiurey with the object of rea¢hing the unsaved and pointing them to the Lord Jesus Christ their Saviour. (b) To establish churches throughout England and beyond for accomplishing the PUryKJse set forth in paragraph (a) above. {c) To promo1¢ Chrtstian Fellowship among all born-again beli¢v¢rs. {d) To establish and maintain such departments and inslilutions as may be necessary for the propa8&iion of the gospel of Jesus Christ g4nd the work of this fellowship. Page 2 WORLDWIDE MISSION FELLOWSHIP REPORT OF THE TRUSTF.ES FOR THE YEAR ENDED 30TH SEvfEMBER2024 ACHIEVEMENT AND PERFORMANCE Charlty overvle As trustees we believe that th¢ church provides benefits to the public by offering resources and facilities for publi¢ worship, pastoral ¢ar¢ and spiritual. moral and in￿llectUal development both for th¢ ron¥regation and for anyone who wishes to ben¢fit from what the church has 10 otT¢r. Promotin¥ Christian valu¢5 5¢rvic¢ by TN¢Tnb¢rs of the congregation to the community for the benefit of individuals and socicty as a whole We continue to see growth in our weekly Sunday 5¢tvice attendance. The introduction of refreshment5 after the service enables people to interact and have fellowship, this has proven to be very popular and well attended. Prayer meetings are also well attende& and we thank the Lord for ihe many answ¢rs to pray¢r ond heartwarniing testimonies ofGod perfomiing miracles in diverse situations. Our baptism services have been joyous occasions throughout the year a5 people have committed to follow the Lord Jesus Christ and publicly declare their faith. I'he Youth department had gn eff¢¢(ive 10 session Bible Study on Paul's Letter to the Romans. This was opened as an outreach to youth within the church llnd the wider community which proved io be life chonging for many of the participants. Seventy.seven members of the fellowship travelled from London to Barbodos for The CJath¢ring' conference. They w¢nt with great expectation And Anticipalion to see what God would say find do amon¥51 Ili$ Body. Dclcga1¢5 also came from the USA. Canada and other CBribbean islands. God ha5 called us as a community Cr¢￿ed in His image to discipleship in Jesus Christ empowered by the Holy Spirit to engage in ministry and action promoting healin¥ and wholenc55 in the church. society and the world. This conference was certainly a lime of equipping the ￿Ints and havin¥ fellowship. The Bible says.'How 8￿d and how pleasant it is for brethren to dwell io¥eiher in unity., Psalm 133..1. 'fhis was also the theme for the conference. People departed with renewed zeal to equip the sain15 and rcach the lost with this glorious Gospel. Ch&riiable llctivilies Esther Outreach and Fathers & Sons departments continu¢ to go from strength 10 Strength offering suppoff, mentoring, workshops. spiriiual guidance and advocdcy to all. The Women of Destiny and the R.E.A.L. men's fellowship dinneT5 wcrc a tremendous blessing and outroach. Many non-churched people attended and attested to having experienced the thn8ible love of God first hand. This has resulted in them attending church on regular basis. Thc Sports Day held at'footing Bec Athletics track was a fun filled day with sportin8 activities fijr all ages, briduing generational gaps with tram activiiies. This day exceeded our expectations as families in the community attended ¢njoying sport5 and picnic lunches. Ov¢rwhelminL feedback was given asking for the event to take place again in y¢arf5 timr. The church BBQ was another tremendously successful doy linking the church and the local community tO8ether through food and fellowship. The Youth and Media dyTtments produced an excellent Chrismiag musical produetion entiiled The Chrisimas Journey, with many of ihe songs beinu) written by the participants. People aucnded from near and far filllng the church to full caparity. I'his was a unique evening long to ￿ r¢tllembered. Promotion ofchristlan Fellowship Members of the church attended the Athburnham Place Prayer Retreal which focused on God buildin8 an arniy, llxbkin at the 7 core values of a soldier. Thi5 was a time of prayer, reflection and reminding the Body of Christ about the essence of our spiritual bllttl¢ and the n¢c¢s51ty of unity. Brethren from Norway joined us and exp¢rien¢ed wond¢rful fellowship. Page 3 WORLDWIDE MISSION FELLOWSHIP REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH SEPTEMBER 2024 The Passover conf¢renc¢ brought ￿0P]e together from abroad and locally. There was an excellent production by our media team and ¢hurch Tn¢mb¢rs relating to the events that took place at the Passover. Portraying the power of the death. burial and resurrection of our Lord Jesu5 Christ. There were inspirational messages and teachings throughout the conference week¢n The￿ were mission trips lo Albania. Kosovo and Croatig to ¢neourag¢ m¢mbers of th¢ Body of Christ in local Churches. 'the Irips involved carryin8 Out op¢n air evang¢listi¢ outreachc5 ill town5 and cities. The Sincere Prnis¢ Choir held concerts and interacted with locals by sharing the Gospel in word. testimony and song. The r¢sponse w&$ phenomenal with hundreds of peopl¢ attending ¢he various venues. We give God thanks for enabling us to accomplish so much throughout the year. Our grate￿1 thanks to our ministers, departmeni leaders and Volunteer5 for their ¢ontinual support and commilment. We ttuly thank God for everyone who has faithfully donoi¢d to the WO￿ of The Lord. For the coming year with the help of The Lord we will continue io fulfil our airns and objective5. We plan to re￿rbISh the W￿hr(bom5 in the main 5￿ctUary and also the church back hall. FINANCIAL REVIEW FlnAnclal posltlo The 5tat¢m¢nt of financial activities shows a net surplus for the year of £197,364 (2023- £143,840) and reserve of £6,463.611 (2023. £6,266,247). The present level of funding is odequale lo support ihe conlinuo1ion of the ¢hurch'g services For twelve months, And the trustees consider the financial position of the charily lo be sati$factory. Prlnclpal fundlng iourc Church members giving and offering continued to bo ihe main source of income and for the financial year undcr revicw donations were £353.496 (2023.. £345.9421. Inve•tment polky And objerllvej It is our p()licy to invest our funds balance5 on our Deposit Account to ensure a re￿onable return in ternis of interest and long-temi pro¢e¢iion from inflation. Regerves pollcy It 15 Church policy to maintsin a balanc¢ on unrestricted fund5 (if pos5ibl¢), which equates to at least three months unTe5tricted payments. cquivalenL to £53,000, to cover cm¢rg¢n¢y situa¢ion$ Ihal may arise from time to lime. STRUCTURE, GOVERNANCE AND MANAGEMENT Covernin% document The charity 1$ ¢ontrolled by its ¥oveming documont, a deed of trust and constitutes an unincorporated charily. Ch4ri¢y constitution 111¢ organisalion is a charity governed by a ¢onstiiulion adopted on the 30th Janukry 1999. Reerullment and appointmenl of new trustecs Most irustees ar¢ already familiar with the practical work of the charity. Additionally, new trustees are inviied and encouraged to attend a s¢ri¢5 of short training sessions to familiarise themselve5 with the charity and the context within which it opern¢e$. Organi$ational structure Worldwide Mission Fellowship is led by th¢ Senior Pastor Rev. Dennis Greenidge Rev. Esther R Taylor who have been ministers with the Chur¢h for ov¢r 23 y¢ar5 each and have oversight of ihe Church ministri¢s. The Charity is organi5ed so that the trustees meet r¢gularly to Tnanag¢ ils affairs. Both Pastors are employees of the Charity based on the recornmendation of the Board of Trust¢¢5 and the apFfoval of the Charity Commission. No further di%losuTe is required oiher than that stat¢d irt the accounls. Page 4 WORLDWIDE MISSION FELLOWSHJP RF,PORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH SEpfEMBER 2024 STRUCTURE, GOVERNAf4CE AND MANAGEMEIYT Rlsk rnaN#gcment The tTU.qteog have a duty to id¢ntify and review the risks lo which the charity is exposed to ensure appropriate controls are in place lo provide reasonable a55urance against fraud and error. FUNDS HELD AS CUSTODIAN FOR OTHERS Thc Charily did not hold ony funds As custodiarts for oth¢r$ TRUSTEESI RESPONSIBILITY STATEMENT Th¢ Iruslees are responsible for preparing thc Report of thc irLb8l¢CS and the finunriul stytwi¢nt￿ in a￿OrdOnCe with appli¢able law and United Kingdom Acc4yunting Standards IUnitLxl Kit)8dom GenerAlly Accepted Accounting Pracli¢el including FinkE)cial R¢porting Standard 102 "The Finan¢ial Reportittg Standard applitablc in thc UK alld R¢public of Ireland" Th¢ law opplicyble lo charities in England and Wales, the Charities Act 2011, ch￿ilY {Aeci)unts and Re￿)rt8) Re8ulatioll$ 2008 and thL provi¥ion$ (If the tru¥t d¢d rquires the truqtecq lo prcparc fin&ncial btat¢m¢nts fur ¢4¢h rinanciul yeor which giv¢ 4 tru¢ and fair view of the stilc nf 8ffuirb (Trf thc Lharity and of the incoming resoureeA artd pplication of r&souree&, including ¢he income and cxp¢ndhtUT¢, of the charity for that p¢ri(MJ. In pr¢parinB ihos¢ financial gtat¢mcnt5, the Irusl¢e$ Jr¢ required to 8el¢ct suilable accountinu poli¢i¢$ and then apply them con$i¥lthlly: observe Ihc mcthody &nd prineipley in the Chority SORP,. make jud8elliLnts And &41imatc¥ that are rea$onahlL und pru(tertl' &iatc wheth¢r upplicahlc Accounting standards huv¢ been followcd, subjcct to any mE4tcrial de￿rtureS disclosed And explained in ihe financial 5tatementS' prepare the fit)aniial statements on th¢ ￿oIng concern basis unlc¥s it i¥ in&ppropri4te to pre8uine thal the charity will coniinut in business. The tru81￿.% are respon%iblc for keeping prop￿ aiY(wn¢ing re¢ord& which d1￿close wilh rcasunablL ac¢urpcy al any limc the fbn&ncial p￿111{)￿ of the chbrity to ¢nablc thein to cn¥urc that th¢ findncial ¥tutements cvmply wilh the ChaTjti¢s Act 2011. th¢ C,harity IAcLuunls and Rcportsl RcBulatiun¥ 21K)8 lh¢ provision¥ of the tru¥1 deed, They are also rcspon.$iblL for %afeguardin8 the ayseis of thc ¢harity Hnd hence for takin¥ reasonablc steps for the prcvcniion And detection 17f fraud And oth¢r irr¢gulY4rilies. Approv¢d by order of the boArd of tnJ.%tC¢8 on , 4.%0..kS.. and sigrt¢d on ils behalfby.. Rev Esihcr Tlly or-'frustee Pag¢ 5 REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF WORLDWIDE MISSION FELLOWSHIP OplnloD We have audited the financial stat¢m¢nts of Worldwid¢ Mission F¢llowship (th¢ '¢harity') for the year ended 30th Sepkmber 2024 whieh ¢ompri5¢ th¢ Stat¢tn¢nt of financial a¢liviti¢s. th¢ Statement of fmaneial position. the Ststemeni of cash flows and notes to the financial statetn¢nt5, including & summary of significant accounting policies. The financial reportin& framework that has been applied in their pr¢paraiion is applicable law and United Kingdom Accounting Standards (UnL￿d Kingdom Generally A¢¢ep*d Accounting Pracii¢e), including Fitwicial Reporting Stsndard 102 Th¢ Financial Reporting Standard applicabl¢ in the UK and Republic of Ireland,. In our opinion the financial statements- give a true and fair View of the state of the charity's affair5 as at 30th September 2024 and of 11$ incoming re8ources and application ofresources, for the year then ended: havc bcen properly prepared in accordance with United Kingdom Generally Accepted Accounting Pr&ctice. including Financial Reportin8 Stondord 102 The Fitwicial Reporting Stsndard opplicable in the UK and Republic of Ireland,; ond have b¢¢n prepared in accordance with the requircments of the Charitie5 Act 2011. B*$is for oplffilon We conducted our audit in accordance with International Slandards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those stsndards are further described in the Auditors, reS￿nSibilItIeS for the audit of the financial statements section of our reNTrrt. We are independent of the charity in accordance with the ethical requirements that are relevant ts) our audit of the financial S¢atem¢nlS in th¢ UK, includinb the FRC's Ethical SLandard, and we have fulfilled our other ethical r¢sponsibililic5 in accordance with thc5e requirements. We b¢lieve that the audit ¢videnc¢ w¢ hav¢ obiained is sufficient and appropriate to provid¢ a b45i5 for our opinion. Conclujlons rcl4ilng lo golng c4Jneern In auditing the financial statements. we have concluded thai th¢ trnstees, use of the going concern basis of accounling in the preparation of the financial statemen($ 1$ appropriate. Based on the work we have perfomicd. we hav¢ not identified any materigl uncertainties relating to event5 or conditions Ihal. individually or collectively, may ¢a$t significan¢ doubl on the ¢hariiy's ability lo continue as a going concern for a periud of at least twelve mon¢hs from when the flnancial stal¢menis are au¢horised for issue. Our responsibilities and the respon$ibiliiie$ of the tru$tee$ with respect ¢0 going concern are described in the relevant sections of this report. Other Informallon 1-he trustees are responsiblc for the other infom)ation. The other inforniation cornprise5 the infonnation included in the Annual repori, other than the finoncial slatements and our Report of the independenl auditors thereon. Our opinion on the financial statements does not Cover the other infomialion and. except to the extent otherwise expliciily slated in our report, wr do no¢ express form of&gsurance conolusion ther¢on. In connection wilh our audit of the financial statements, our responsibility is to r¢ad the oih¢r information and, in doing 50, con5td¢r whethcr the other infomiation is materially incon5iStent with the financial statements or our knowledx¢ obtain¢d in th¢ audil or otherwise appear5 to be materially misstuted. If we identify such mat¢rial in¢onsist¢n¢i¢5 or apparent material mi5Stutements, we are required to deterniinc whether this gives rise to a material mi5$tat¢men¢ in th¢ rinancial statement5 themselves. If, based on the work we have perfornied, we conclude that there is a malerial misstatement of this other infomiation, w¢ are required to r¢port tha¢ fa¢l. We have nothing lo report in this regard. Mal¢¢rs on whi¢h w¢ are required to report by exception We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requir¢5 U5 to report to you if, in our opinion.. the information given in (he Report of the trustees 1$ in¢onsistent in any material respecl with the financial statements., or sutTicient accountin8 r¢¢ords hav¢ not been kept; or the financial statements are not in 88reement with the 8¢¢ountin8 re¢ords and reiurns,. or we have not received all th¢ infomhaiion and explanations we r¢quir¢ for our 4udit. Page 6 REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF WORLDWIDE MISSION FELLOWSHIP RL¥ponsibili¢i¢s of Iru$tses As ¢xplain¢d more fully in th¢ Trust￿5, r¢sponsibiliti¢s stat¢menl, lh¢ tru5tC¢5 ar¢ r¢sw)nsibl¢ for the preparation of the financial siat¢m¢nt5 which giv¢ ¥4 tru¢ and fair vi¢w, Y4nd for such int¢rnal control a5 Lh¢ Irust¢¢s d¢terniine is necessary to enabl¢ the preparaiion of fJnan¢ial sthtements tha¢ are fre¢ frorn material Tnis&ta¢em¢nL whether due to fraud or error. In preparing th¢ financial 5tatern¢n15, the tnjstees are responsible for assessing the charity's ability to continue &4 a going concem, disclosing. a5 applicable, matters related to going concern and using the going ¢onc¢rn basis of accounting unless the trustees either intend to liquidate the charity or to cease operations. or have no reali5ti¢ alterna¢ive but to do so. Our re8ponslbllltle$ for the of ¢ht finan¢lAI $tat¢m¢nts We hav¢ be¢n appointed ￿ auditors under Section 144 of the Charitie5 Aci 2011 and rerort in ￿OrdanCe with the Act and televani regulation5 made or having effect thereunder. Our objectives are to obtain rea50nablc assurance about whether the financial statements as a whol¢ are free from material misstatement. whether due to fraud or error. and to issue a Report of the independent auditors that includes our opinion. Reasonable assurance is & high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always d¢¢¢ct a m8ierial missiat¢meni when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, th¢y could reasonably bc expected to influen¢e the ¢cortomi¢ decisions of users taken on the basis of these financial ststements. A$ part of our planning process.. We enquired of management the syslcm5 and controls thc company has in place, the areas of the financial stal¢m¢nlS that are mostly susceptible to the risk of irregularities and fraud, and whether there was any known, suspectcd OT alleged fraud. The charily did noi infomi us of any known, suspected or alleged fraud. -we obtained an undersianding of Ihe legal and r¢8ulalory frameworks &pplicabl¢ io th¢ charity. -we considered th¢ incentives and opportuniti¢5 that exisl in th¢ charity including the ex¢¢nl of man￿ement bias, which present a potential for iTr¢gulurilies and fraud io be perp¢tuatcd, and tuilored our risk assessmeni accordin￿lY. -using our knowledge of the charity, togethcr with the discussions held with the charity at the planning stage, we foTmed a conclusion on the risk of misslatemen( due lo irregularities including fraud and tailored our pn)cedures according to this risk assessment. A further description of our reS￿)nsibl]It1eS for the audit of the financial statements is located on the Trinan¢ial Reportin8 Council's website at www.frc.org.uklauditorsresponsibilities. Ihis description fom)s part of our Report of the Independent Auditors. Page 7 REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF WORLDWIDE MISSION FELLOWSHIP U$e of our report This r¢port is made solely to the ¢harity'5 trustees, AS a body, in accordan¢¢ with Part 4 of the Charities (Accounts and Report$) R¢gulaliorts 2008. Our audit work h85 been undertaken so that we Tnighi stsie to the charity's trustees those Tnatt¢rs wc are required to slate to them in audilors, report and for no other purpose. To the fullest extent perniitted by law, we do not accepl OT assurne responsibility to anyone other than th¢ choTity and th¢ ¢hority's trnstees &5 a body> for our audit work, for this reporL or for the opinion5 we have f¢)rned. Mr Ebenezer Okai, (Bscj, FCCA (Senior Statutory Auditor) For and on behE4lf of Leroy Reid & Co Chartered Certified Accountants and Statutory Auditors 299 Northborou8h Road Norbury London SW164TR Date: 24 July 2025 Page 8 WORLDWIDE MISSJON FELLOWSHIP STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED JOTH SEPTEMBER 2024 2024 Total funds 21123 Totsl UnrestrictedRestricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 353.495 353,495 345,940 Charltable aetlvltleg Missions and don&tions 7.843 7,843 11.229 Inve$tsnen¢ income 40,287 16,030 To¢al 401.625 401,625 EXPENDITURE ON Charit¥4ble activitl Church expenses 204 NET INCOME 197,364 197,364 143,840 RECONCILIATION OF VUNDS Total funds brought forward 6266,247 6,266,247 6,122,407 TOTAL FUNDS CARRIED FORWARD 6463611 6463611 6 266 247 The notes fornj p#rt of these financial siatemen¢8 Pag¢ 9 WORLDWIDE MISSION FELLOWSHIP STATEMENT OF FINANCIAL POSITION 30TH SEwfEMBER 21124 21124 2•23 Notei FIXED ASSETS Tangible Assets 3.409.065 3,410.009 CURRENT ASSETS Debtors Cash at bAnk 12 9,207 3,050,778 8.807 2,875,951 3,OS9,985 2,884,758 CREDITORS Amoiints falling du¢ within (H]e ye¥r 13 15,4391 (28.520) NET CURRENT ASSETS 3,054,546 2,856,238 TOTAL ASSETS LESS CURRENT LIABILITIES 6,463,611 6,266,247 NET A&SETS 6,1()6.247 FULYDS Unrestricted 15 6.463,011 6,2(1(1,247 TOTAL FUNDS (?,2(?(1,247 'riic fi anLial slatemcnls wer¢ approved by the Board of Truslees and auth￿1¥￿ for i&￿￿e And wcr¢ $iBned un its behalf by: Rev Esthtr Trustee Mi&8 Denise Peart- Trustee The not¢s torni part of these finan¢ial st&tements Pwlo WORLDWIDE MISSION FELiL)WSHIP STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30TH SEwfEMBER 2024 2024 2023 Notes C*5h flow$ from operating activities Cath generated from operdtions 17 188,509 178.879 Net cash provided by operating activitie5 188,509 178.879 Cash flowg from irtvestlng xctlvltlts Purchase oftangible fixed asset5 Net cash used in investing activities 13 082) Change in cash and caih ¢q￿lY91¢￿tg In the reportin¥ period C8gh and cash equlv*lents 4t the beglThnln8 ofthe reporting perlod 174,827 120,603 2 875,951 2 755 348 CHgh ind cjsh equlvalents 0¢ th¢ end or the reportlnK perhjd 3 050 778 2 875 951 The notes forn) part of these finan¢ial $tat¢ment$ Page 11 WORLDWIDE MISSION FELLOWSHIP NOTES TO THE FINAI¥CIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024 ACCOUNTING POLICIES BASIS OF PREPARING THE FINANCIAL STATEMENTS The financial stat¢men15 of the charity, which is a public benefit entity under fRS 102, have been prepared in accordallcc with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. sta￿ment of Rerolnmended Practice applicable to charities preparing their Accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ir¢land IFRS 102) (effec¢ive l JAnufiry 2019),. rinancial Reporting Standard 102 The FinanciAI Reporting Sthndard applicable in the UK and Republic of Ireland, and the Charities Aci 2011. The fitvdneial statements have been prepared under the historical cost convention. WorldwÈde Ml$$ion Fellowship is a charity registered in England and Wales. The registered office is 43 Auckland Hill, West Norwood, London. SE27 9PF. Th¢ financial statements are prepared in sterling, which is the functional currency of the charity. Monetary mounts in this financial slatements are rounded to the n¢arest £. INCOME All incom¢ is Tccognised in the Ststement of Financial Activities once the charity has entitlement to the funds, it is probabl¢ that th¢ incom¢ will be received and the amount can be measured reliably. EXPENDITURE Liabilitl¢s aTe recogni5ed as expenditure as goon as there is a le￿al or constrnctive obligeiion committing the haTity to that expenditure. it is probable thot a transfer of economic bentfits will be required in settlement and the amount of the obli8aiion can be mea5urcd reliably. Expenditurc is occountcd for on an accruals ba5i5 and ha$ b¢¢n classified under headings that 088re8al¢ all ¢05t r¢lat¥d to thc ¢al¢gory. wh¢￿ ¢0s1s rhnnot b¢ dir¢¢tly allTibuted to particular hcadings ihey h#v¢ bc¢n allo¢akd io activit1¢5 on a b￿1$ ¢onsist¢nl with the u5¢ or resources. SUPPORT COST Support cost 1clai￿ lo governance cost which 15 the statutory audit fee and non-audit serviccs which 15 analy5ed in note 7. TANGIBLE FIXED A.SSKTS D¢pre¢iation 15 provided at the following annual rates in ord¢r lo writ¢ orr ea¢h a$s¢t over its estimated useful life. Plant & Machinery Motor vehiclcs 20Yo on ¢o$l 20D/• Reducing balance TAXATION The charity i5 exempt from lax on it5 charitsble activities. FUND ACCOUNTING Unrestricted funds can bc used in aroordart¢¢ Wlth th¢ ¢harilabl¢ obj¢clives al th¢ di5¢retion of th¢ trusie¢$. Included within unrestri¢led fvrtds are d¢signal¢d fund5 which relale5 to fund5 set aside by unanimous votes by the tTUStees for the purpose agreed. Restricted fund5 can only be used for particular restricted purposes within the objects of the charity. Restrictions risc wh¢n specified by the donor or when funds are raised for particular restricted Pluposes. Further explanation of the natur¢ and purpos¢ of ea¢h fund is includ¢d in the noies to the financial $tOt¢m¢nt$. Gains and losses All gains and 10$5e5 arc taken lo the SOFA ￿ th¢y arise. The fair value of the property a55¢5s¢d and deterniined by a qualified Chart¢red Surveyor. Page 12 ontinued... WORLDWIDE MISSION FELLOWSHIP NOTES TO THE FINANCIAL STATEMENTS- coThtinued FOR THE YEAR ENDED JiJfH SEFfEMBER 2024 ACCOUIYTING POLICIES- eontinued FUND ACCOUNTING Qoins ond losses whether realised OT unrealised 15 calculated as the difference between the fair value and the opening carrying value of purchase coyL PENSION COSTS AJYD OTHER POST-RETIREMENT BENEFITS The charity operate5 a defined contribution pension scheme. Contributions payable to ¢he chgrity's pen$ion scheme are charged to the StaLemen¢ of Financial A¢iivitie5 in the period to which they relate. DONATIOiYS AND LEGACIES 21124 Total fund¥ 2023 Total runds Unregtrleted Restricted fund8 Tlthes and offering 353,495 353.495 345.940 INVESTMENT INCOME 2024 Total funds 2023 Total fun Unrutrlcted fvndl R¢strl¢t¢d rund$ Inveslmeni income INCOME FROM CHARITABLE AcfiviTIES 2024 2023 A¢llvl¢y Mission$ and don&tions Conferences and evenl8 CHARITABLE ACTIVITIES COSTS Dlrect Cojty {see note 6) Support cost9 (see llote 7) Tol*19 Church expenses 197,891 204,261 Page 13 continued... WORLDWIDE MISSION FELLOWSHIP NOTES TO THE FINANCIAL STATEMEf4TS- continued FOR THE YEAR ENDED 30TH SEpfEMBER 2024 DIRECT COSTS OF CHARITABLE ACTIVITIES 21n4 2023 Trustees, remuneration et Staff costs 59.958 11.130 10,363 8,167 14,713 4,122 4,559 39.949 1,380 2,720 3,500 ,395 89 5,367 8.035 60.253 11,133 11,973 8.116 17,909 2.642 5.173 36,5 3,454 4,992 2.114 Insurance Light and heat Telephone and internet Postage and stoiionery Conferences and events Media tram expenses Chltrch supplies Honornrium Training Motor expense5 Repairs and maintenance Subscription Bank charges Mission cost Father & Son Minis D¢preciation 1,403 39,487 6.468 27 6.233 ,471 197,891 SUPPORT COSTS Governanc¢ ¢ost$ Church expenses Support COSt8, included in the abov¢, ure a$ follows: GOVERNAIYCE COSTS 2024 Chureh expefftsei 2023 Total •ctlvllle8 Auditors, remuneration Auditors, remuneration for non audit work 5,440 930 4,946 417 Pag¢ J4 ntinued..- WORLDWIDE MISSION FELLOWSHIP NOTES TO THE FINANCIAL STATEMENTS- eontlnued FOR THE YEAR ENDED 30TH SEPTEMBER 2 24 AUDITORS, REMUNERATION 2024 2023 Fees payable to the charity's auditors for th¢ audii of the Charity's financial statements (Xh¢r non-audit servi￿$ 5,440 930 4,946 417 TRUSTEES, REMUNEK4TION AND BEiYEFITS 2024 2023 Ttustees, salaries Trnstees, social security Trustees, pensions paid 5B,100 508 58.100 803 60 The remunerntion ￿Ld to the trustees relate8 to 8alaries paid to the two p￿tOrS for their role as oveT5eer5 of the church. TRUSTEES, EXPENSES There were no ttusiees, eKpen9es paid for the year ended 30th September 2024 nor for th¢ year end¢d 30th September 2023. 10. STAFF COSTS 2024 2023 Wages and salaries Social security costs Pension . Employer 10,764 10.764 230 136 136 11 130 10900 The average monthly number of employees durin8 the year as follows: 2024 2023 Pastors Administrative staff No employees received Ernolument8 in cxces5 of £60,000. Page IS continued... WORLDWIDE MISSION FELLOWSHIP NiyfES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 30TH SEPTEMBER 2024 ii. TANGIBLE FIXED ASSETS Freehold property PIAnt machlnery Motor v¢hkl Totsl$ COST At 1st October 2023 Additions 3,363,700 281.184 13.682 6,600 3,651,484 13.682 At 30th Scplcrnber 2024 3 363 700 294 866 DEPRECIATION At 1st October 2023 Charge foryear 235.110 6,365 234 241,473 At 30th September 2024 249,502 256 101 NET BOOK VALUE At 30th Seplernber 2024 33637 45,364 3 409 065 At 30th September 2023 3 363 71XJ 46,074 235 3410009 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Prepayments 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade Creditors Taxation and social security Oth¢r creditors 22.423 863 14. AIYALYSIS OF NET ASSETS BETWEEN FUNDS 2024 Tot#1 funds 2023 Total fund9 Unre8trlctedRestrlcted funds funds Fixed assets Current Lssets Current liabilities 3.409,065 3,059.985 3.409.065 3.059,985 3.410,009 2,884,758 6463611 6.463 611 6,266,247 P¥4ge 16 continued... WORLDWIDE MISSION FELLOWSHIP N(YTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 30TH SEPTEMBER 2024 15. MOVEMEiYf IN FUNDS Net movement funds At 1.10.23 At 30.9.24 Unrestrleted fund$ Gen¢ral fund 6.266,247 197J64 6,463,611 TOTAL FUNDS 6,266,247 197.364 6.463611 Net mov¢m¢nt in funits, included in the above are as follows., Incoming resoure Resourt expended Movement in fundj Unrestricted funds General fund 401,625 (204,261) 197,364 TOTAL FUNDS 401625 204 261) 197.364 CoThparallveJ for movement ITh fund$ N¢t movernent At 1.10.22 Al 30.9.23 Unre8trl¢t¢d fynds General fvnd 6,122,407 143.840 6.266,247 T(YfAL FUNDS 6 122 407 143 840 6 266 247 Compor81ive net mov¢ment in fund5. included in the above are a5 follows.. Ineornlni ource8 ReJour(es expended Movement in funds Unrcjtricted funds General fund 373.199 (229.359) 143,840 TOTAL FUNDS 373 199 229 359) Deslgnated F￿ndS Th¢ tn￿¢¢¢5 as part of their commitment to acquire a new church building have designated all the fvnds held in the Barclays Busin¢5s Premium bank account as at 30 September 2024 totalling £2.881,466 (2023 - £2.095,335) for any future a¢qui5ilion. This is consistent with prior years and the balance forms part of the Unr¢stri¢t¢d Fund as di5clos¢d in the financial statements. Page 17 continued... WORLDWIDE MISSION FELLOWSHIP NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 30TH SEFfEMBER2024 15. MOVEMENT IN FUNDS- contlnued The unTe5tricted funds also include5 the increased values derived from the revaluation exerci5¢ Undcrtsk￿ in 2007 and 2015 for all the properties registered in th¢ nam¢ of th¢ Chority. Th¢ sum total wa5 £2,557.701. 10. RELATED PARTY DISCLOSURES R¢v E Taylor R¢v D Greth]idg¢ ure both tru51¢es and roc¢ived 5alari¢s for the y¢8r ended 30 September 2024. 17. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING AcfiviTIES 2024 2023 Net In¢om¢ for the reportlng period (ag per the Statement of financiAI arllvltle5) Adjustfflents for: Depreciation charges (Increaseydecrease in debtors (Decrease)lincr¢a8¢ in creditors 197.364 143,840 14.626 {400) 23,081) 12,262 109 22,668 Nel ¢•$h provlded by oper4tion¥ 188,509 178 879 ANALYSIS OFCHANGES IN NET FUNDS At 1.10.23 Cajh flow At 30.9.24 Net CAsh Cash at bank 2 875 951 174,827 3 050 778 2 875 951 174827 3 050 778 Total 2 875,951 174827 3 050 778 Page 18 WORLDWIDE MISSION FELLOWSHIP DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH SEPTEMBER 2024 2024 Totsl rund$ 2023 Totsl (unds Unrutri£ted fund5 Rc8tri¢¢ed funds INCOME AND ENDOWMENTS Donat10￿3 and legA