REGISTERED CHARITY NUMBER: SC036599
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 FOR THE WORD CHARISMATIC MINISTRIES INTERNATIONAL
Best Option Konsult Limited Chartered Management Accountants 17 Brewhouse Road Woolwich, London, SE18 5SJ
THE WORD CHARISMATIC MINISTRIES INTERNATIONAL Unaudited Accounts for the Year Ended 30 September 2025
Contents of the Financial Statements For the year ended 30 September 2025
| Page | |
|---|---|
| Report oftheTrustees | 3 to5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | ri |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9to11 |
| DetailedStatementofFinancialActivities | 12 |
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THE WORD CHARISMATIC MINISTRIES INTERNATIONAL Report of the Trustees For the year ended 30 September 2025
The trustees present their report with the financial statements of the charity for the year ended 30 September 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities’ issued in March 2005 and the Financial Reporting Standard for Smaller Entities (FRSSE), effective January 2015.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity Number: SC036599
— Examiner:
Chartered Management Accountant Best Option Konsult Limited 17 Brewhouse Road London SE18 5SJ
Bankers:
Lloyds TSB Glasgow North Business & Commercial 3rd Floor, 193 Bath Street Glasgow G2 4HU
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is an unincorporated association. It is controlled by its governing document - a trust deed.
Appointment of Trustees
Trustees are selected from Christians of any denomination in the United Kingdom and are appointed by the agreement of existing trustees.
Trustees Induction and Training
New and existing trustees receive training on their expected roles and responsibilities.
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THE WORD CHARISMATIC MINISTRIES INTERNATIONAL Unaudited Financial Statements for the Year Ended 30 September 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT- Continued
Organisation
The activities of The Word Charismatic Ministries International are governed by its trust deed administered by the Board of Trustees. The Board meets regularly to make decisions on assigning responsibilities for the day-to-day running of activities to individual Board members.
Risk Management
The trustees have a responsibility 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 errors.
OBJECTIVES AND ACTIVITIES
Principal Activity
Our purpose as contained in the trust deed is to promote the advancement of Christian Faith. The relief of and the preservation and protection of physical and mental health through prayers, propagation of biblical knowledge regarding healthy living and aids to the less privileged within the acceptable limits of this trust deed and in accordance with Scottish or U.K charity law. We also undertake the relief of poverty through the propagation of knowledge; aid to the less privileged within the acceptable limits of this deed and in accordance with Scottish or U.K. charity law.
This is achieved through holding weekly meetings and conducting programmes for the alleviation of poverty, assisting the homeless and ministering to the spiritual needs of all members of the church and society at large.
ACHIEVEMENT AND PERFORMANCE
During the year ended 30 September 2025, physical Sunday and mid-week services have fully returned to their previous patterns throughout the year.
The activities of the church are heavily dependent on the willing commitment of many volunteers in the congregation to assist the pastor in his role and to advance the objects of the church. Now that normalcy has returned, the charity is optimistic that things would get better in the years to come.
Financial Review
The charity received a gross income of £60,984 during the year. This represents a decrease of 19.8% below 2024 level. A total of £63,448 in expenses was incurred, and this represents a decrease of 17.2% below 2024 level.
Members of the congregation are encouraged, in so far as they are able, to give regularly, with the benefit of gift aid declaration, ideally by direct credit into the church bank accounts, and without applying any restriction to its use, to support the ongoing work of the church. As the church is most likely to be dependent on the generosity of its congregation in their voluntary giving for providing most of the income that is required to enable the church meet its financial commitments and undertake its charitable activities, the pastor and trustees are eternally grateful to all the members that have given consistently, and sometimes sacrificially, throughout the year.
Funds
All the funds held by the charity were unrestricted and could be applied in line with the charity's charitable objects as deemed fit by the trustees.
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“4E WORD CHARISMATIC MINISTRIES INTERNATIONAL Jnaudited Financial Statements for the Year Ended 30 September 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT- Continued
Reserves Poiicy It is the policy of the charity to maintain reserves at a level sufficient to meet planned expenditure requirements for the next three months. As at 30 September 2025, the charity held £10,184 in reserves, about 19.5% lower than the level attained in 2024.
Incoming Resources Incoming resources for the year ended 30 September 2025 was £60,984 (2024: £76,024).
Resources Expended
Charitable expenditure was £63,448 compared to £76,585 in 2024, a 17.2% decrease. Efforts are being made to continually rebuild the charity's reserves, economic environment permitting.
PLANS FOR THE FUTURE
It is the intention of the trustees to continue promoting the core objectives of the charity in Scotland, TRUSTEES RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS The trustees are responsible for preparing the trustees’ report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and the Financial Reporting Standard for Smaller Entities (FRSSE), effective January 2015. The law applicable in Scotland requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and for the incoming resources and application of resources of the charity for that period. In preparing these accounts, the trustees are required to:
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Select suitable accounting policies and then apply them consistentiv:
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Observe the methods and principles in the Charities SORP;
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s Make judgements and estimates that are reasonable and prudent; " State whether applicable accountina standards have been followed, subject to any material departures disclosed and explained in the accounts:
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Prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in business
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The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time, the financial position of the charity and enable them ensure that the accounts comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 and the provision of the charity's trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. On behalf ofthe Board of Trusteeson 4,0 = fide 12025.
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THE WORD CHARISMATIC MINISTRIES INTERNATIONAL Unaudited Financial Statements for the Year Ended 30 September 2025
Independent Examiner's Report to the Trustees of The Word Charismatic Ministries International
report on the accounts of the charity for the year ended 30 September 2025 as set out on pages seven to eleven.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The charity trustees consider that the audit requirement of Regulation 10(1) (d) of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.
Basis of the independent examiner’s Report
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently | do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In the course of my examination, no matter has come to my attention:
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which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
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to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations
have not been met, or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
THE WORD CHARISMATIC MINISTRIES INTERNATIONAL Unaudited Financial Statements for the Year Ended 30 September 2025
Statement of Financial Activities For the Year Ended 30 September 2025
| 30 Sept2025 | 30 Sept 2024 | ||
|---|---|---|---|
| Unrestricted | Unrestricted | ||
| Funds | Funds | ||
| Notes | £ | £ | |
| INCOMING RESOURCES | |||
| Incoming resources from generated funds | |||
| Voluntary income | 6 | 60,984 | 76,025 |
| RESOURCES EXPENDED | |||
| Cost ofgenerating voluntary income | |||
| Charitable Activities | |||
| Direct Charitable Costs | 61,648 | 74,805 | |
| Governance Costs | 1,800 | 1,780 | |
| Total resourcesexpended | 63,448 | 76,585 | |
| Net Incoming Resources | (2,464) | (561) | |
| Funds broughtforward | 12,648 | 13,209 | |
| Fundscarriedforward | 7 | 10,184 | 12,648 |
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“HE WORD CHARISMATIC MINISTRIES INTERNATIONAL
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Jnaudited Financial Statements for the Year Ended 30 September 2025
Balance Sheet‘ As At 30 September 202:
| 30 Seot | 30 Sept | ||
|---|---|---|---|
| 2025 | 2024 | ||
| Unrestricted | Unrestricted | ||
| Funds | Funds | ||
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible Assets | 3 | 0 | 0 |
| CURRENT ASSETS | |||
| Cash at bank | 3,250 | 5,312 | |
| Debtors | 4 | 7,723 | 8.772 |
| Total Current Assets | 10.973 | 14,084 | |
| CREDITORS | |||
| Amounts falling due within one year | 790 | 1,437 | |
| NETCURRENT ASSETS | 10,184 | 12.648 | |
| TOTALASSETSLESSCURRENTLIABILITIES FUNDS |
10.184 | 12,648 | |
| Unrestricted funds 7 The financialstatementswereapprovedbytheBoardofTrustees |
10.184 12,648 Jo po as on...................5.4%..........and |
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THE WORD CHARISMATIC MINISTRIES INTERNATIONAL Notes to the Financial Statements for the Year Ended 30 September 2025
- ACCOUNTING POLICIES
Basis of Financial Statement Preparation The financial statements have been prepared on an accrual basis for the year ended 30 September 2025.
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 January 2015), the Charities and Trustees Investment (Scotland) Act 2005 (as amended by the Public Services Reform (Scotland) Act 2010) and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Incoming Resources
All incoming resources are included in 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 accrual basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to a particular heading, they were allocated to activities on basis consistent with the use of resources.
Tangible Fixed Assets
Depreciation is provided at the following annual rates in order to write off the cost of each asset over its estimated useful life less any residual value.
Church Equipment
Church Equipment 20% on cost Furniture and Fixtures 25% on cost
The charity has a policy to capitalise all assets costing above £300.
Taxation
The charity is exempt from tax on its charitable activities.
Fund Accounting
Unrestricted funds can be used in accordance with the charity's objectives at the discretion of the trustees.
Restricted funds can be used for the particular intended 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.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
The notes form part of these financial statements
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THE WORD CHARISMATIC MINISTRIES INTERNATIONAL Notes to the Financial Statements for the Year Ended 30 September 2025
2. TRUSTEES REMUNERATION AND BENEFITS Trustee’s remuneration
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|---|---|---|---|---|
|30|Sept 2025|30|Sept 2024|
|£|£|
|Akinyele|Akinlabi|48,317|48,318|
|Employer's|National|Insurance|ie)|ie)|
|48,317|48,318|
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There were no other trustees’ expenses for the year ended 30 September 2025 and neither for the year ended 30 September 2024.
- TANGIBLE FIXED ASSETS
AS AT 30 SEPTEMBER 2025
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||||||||
|---|---|---|---|---|---|---|
|Church|Furniture|and|Total|
|Equipment|Fixtures|
|£|£|£|
|COST|
|Opening|Balance|11,266|16,182|27,448|
|Additions|0|0|0|
|Disposals|0|0|0|
|Closing|Balance|11,266|16,182|27,448|
|DEPRECIATION|
|Accum Depr as|at|30.09.24|11,266|16,182|27,448|
|Depr|for|the|year|0|0|0|
|Accum Depr on|disposals|ie)|ie)|Q|
|Accum|Depr as|at|30.09.25|11,266|16,182|27,448|
|NET|BOOK|VALUE|
|Opening|Net|Book Value|30.09.24|0|0|0|
|Closing|Net Book Value|30.09.25|Q|it}|it}|
|4.|DEBTORS|
|30|Sept 2025|30|Sept 2024|
|£|£|
|Accrued|Income|(Gift Aid)|C123|8.772|
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The notes form part of these financial statements
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THE WORD CHARISMATIC MINISTRIES INTERNATIONAL Notes to the Financial Statements for the Year Ended 30 September 2025
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 30 | Sept2025 | 2025 | 30 | Sept2024 | |||||
|---|---|---|---|---|---|---|---|---|---|
| £ | £ | ||||||||
| PAYE | and | National | Insurance | Liability | 790 | 1,437 | |||
| 790 | 1,437 |
6. INCOME ANALYSIS Voluntary Income
| 30 Sept | 30 Sept | |
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Charitable Donations | 3,600 | 13,400 |
| GiftAid Income | 7,723 | 8,772 |
| Tithes/Offerings | 49,661 | 53,852 |
| 60,984 | 76,024 |
7. MOVEMENT IN FUNDS
| As | At 30 Sept | Net Movement in | As | At 30 Sept | |
|---|---|---|---|---|---|
| 2024 | Funds | 2025 | |||
| £ | £ | £ | |||
| Unrestricted Funds | |||||
| General Funds | 12,648 | (2,464) | 10,184 | ||
| TotalFunds | 12,648 | (2,464) | 10,184 |
The notes form part of these financial statements
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THE WORD CHARISMATIC MINISTRIES INTERNATIONAL Unaudited Accounts for the Year Ended 30 September 2025
Detailed Statement of Financial Activities For the Year Ended 30 September 2025
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|||||||||
|---|---|---|---|---|---|---|---|
|30|Sept 2025|30|Sept 2024|
|Incoming|Resources|£|£|
|Offering,|Tithes,|Gift Aid|and|Donations|Received|60,984|76,025|
|Total|Incoming|Resources|60,984|76,025|
|Resources|Expended|
|Cost of generating|voluntary|income|and|
|fundraising|income|
|Welfare|500|779|
|IT|Expenses|207|171|
|Hotel|Accommodation|0|551|
|Charitable|Donations Made|8,334|11,630|
|Computer and|Internet|Expenses|0|266|
|Equipment|Rental|0|349|
|Travel|0|5,339|
|Gross Wages|48,317|48,318|
|Hall|and|Office|Rent|3,867|6,861|
|Office|Expense|63|25|
|Printing|0|120|
|Telephone|and|internet|360|396|
|Total|Cost of generating|voluntary|income|61,648|74,805|
|Governance|Costs|1,800|1.780|
|63,448|76,585|
|Surplus|/|(deficit)|for the year|(2,464)|(561)|
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This page does not form part of the statutory financial statements
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