REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2024 |
FOR |
WORLD WIDE MISSIONARY MOVEMENT OF UK |
(A COMPANY LIMITED BY GUARANTEE) |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2024 |
FOR |
WORLD WIDE MISSIONARY MOVEMENT OF UK |
(A COMPANY LIMITED BY GUARANTEE) |
WORLD WIDE MISSIONARY MOVEMENT OF UK |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2024 |
Page |
Reference and Administrative Details | 1 |
Report of the Trustees | 2 | to | 3 |
Independent Examiner's Report | 4 |
Statement of Financial Activities | 5 |
Statement of Financial Position | 6 | to | 7 |
Notes to the Financial Statements | 8 | to | 15 |
WORLD WIDE MISSIONARY MOVEMENT OF UK |
REFERENCE AND ADMINISTRATIVE DETAILS |
FOR THE YEAR ENDED 30 JUNE 2024 |
TRUSTEES |
COMPANY SECRETARY | Ms E Bolivar Morales |
REGISTERED OFFICE |
REGISTERED COMPANY NUMBER |
REGISTERED CHARITY NUMBER |
INDEPENDENT EXAMINER | Siva Yogan & Co Ltd |
Chartered Accountants |
3 Ilex House |
94 Holly Road |
Twickenham |
TW1 4HF |
WORLD WIDE MISSIONARY MOVEMENT OF UK (REGISTERED NUMBER: 06578570) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 30 JUNE 2024 |
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). |
STRATEGIC REPORT |
Achievement and performance |
Charitable activities |
The charity's objects are for the public benefit and are to advance the Christian faith in accordance with the Statement of beliefs appearing in the schedule to the Articles of Association of the company, in London and in such other parts of the United Kingdom or the world as the trustees may from time to time think fit and to fulfill such other purposes which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of the Charity. |
Financial review |
Financial position |
The charity had a surplus of £1,995 for the year (surplus for the year ended 2023- £1,432). The details are given in the statement of financial activities pages 5 to 15. |
Financial and risk management objectives and policies |
Management |
The directors/company secretary and trustees named on page 1 have served throughout the year. The Articles of Association of the company govern the appointment of the directors/trustees. |
They do not have any beneficial interests in the company. The liability of each director is a maximum of £10.00. All directors and company secretary of the company are trustees of the charity. |
Induction and training |
All trustees are familiar with the work of the charity. Considering the nature of the charity, it was considered not necessary to attend any training courses, but guidance was given to all trustees how to access Charity Commission web site and extract various information and guidance. |
Risk management |
The trustees review the financial systems on a regular basis. The trustees are confident that the members will provide sufficient resources in order to carry on the church activities. |
Future plans |
The charity is gradually recovering from the pandemic and the trustees consider income will increase over the future year. |
* to have our own internet radio and live-stream (internet video programme) to accomplish our objectives |
* to establish branches in London and other cities |
* to work with other charities and provide accommodation and food for homeless |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. |
The company was incorporated on the 28 April 2008. The Articles of Association and was amended on 21 April 2011 and registered on the 31 May 2011. The charity company is governed by the Memorandum and Articles of Association. The company obtained its charitable status on the 1 July 2011. |
Organisational structure |
The charity company has three trustees, one is the chairman, the other is treasurer and the third trustee is the company secretary. |
WORLD WIDE MISSIONARY MOVEMENT OF UK (REGISTERED NUMBER: 06578570) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 30 JUNE 2024 |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Related parties |
An employee who conducts the church activity is also a trustee. |
FUNDS HELD AS CUSTODIAN FOR OTHERS |
Rev. Roberto Carlos Riojas Ayala holds the motor vehicle of the charity as a custodian and is held in trust for the charity. |
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. |
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on |
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
WORLD WIDE MISSIONARY MOVEMENT OF UK |
Independent examiner's report to the trustees of World Wide Missionary Movement Of UK ('the Company') |
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2024. |
Responsibilities and basis of report |
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). |
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. |
Independent examiner's statement |
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: |
1. | accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or |
2. | the accounts do not accord with those records; or |
3. | the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or |
4. | the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). |
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. |
M. Sri Ragavan FCA, FCCA, BFP, ACMA, CGMA. |
Siva Yogan & Co Ltd |
Chartered Accountants |
3 Ilex House |
94 Holly Road |
Twickenham |
TW1 4HF |
25 March 2025 |
WORLD WIDE MISSIONARY MOVEMENT OF UK |
STATEMENT OF FINANCIAL ACTIVITIES |
FOR THE YEAR ENDED 30 JUNE 2024 |
2024 | 2023 |
Unrestricted | Total |
funds | funds |
Notes | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies | 3 |
Investment income | 4 |
Other income |
Total |
EXPENDITURE ON |
Charitable activities | 5 |
NET INCOME |
RECONCILIATION OF FUNDS |
Total funds brought forward | ( |
) |
TOTAL FUNDS CARRIED FORWARD | 397 |
CONTINUING OPERATIONS |
All income and expenditure has arisen from continuing activities. |
WORLD WIDE MISSIONARY MOVEMENT OF UK (REGISTERED NUMBER: 06578570) |
STATEMENT OF FINANCIAL POSITION |
30 JUNE 2024 |
2024 | 2023 |
Unrestricted | Total |
funds | funds |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 13 |
CURRENT ASSETS |
Debtors | 14 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 15 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 16 | ( |
) | ( |
) |
NET ASSETS |
FUNDS | 18 |
Unrestricted funds: |
General fund | 2,392 | 397 |
TOTAL FUNDS | 397 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024. |
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006. |
The trustees acknowledge their responsibilities for |
(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
WORLD WIDE MISSIONARY MOVEMENT OF UK (REGISTERED NUMBER: 06578570) |
STATEMENT OF FINANCIAL POSITION - continued |
30 JUNE 2024 |
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
The financial statements were approved by the Board of Trustees and authorised for issue on |
WORLD WIDE MISSIONARY MOVEMENT OF UK |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2024 |
1. | GENERAL INFORMATION |
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 26 Squirrels Close, Swanley, BR8 7FF. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
Critical accounting judgements and key sources of estimation uncertainty |
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. |
Income |
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. |
Expenditure |
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Taxation |
The charity is exempt from corporation tax on its charitable activities. |
Fund accounting |
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. |
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. |
WORLD WIDE MISSIONARY MOVEMENT OF UK |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2024 |
2. | ACCOUNTING POLICIES - continued |
Fund accounting |
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal and fall into one of two sub-classes: restricted income funds or endowment funds. |
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
Hire purchase and leasing commitments |
The interest element of these obligations is charged to the Statement of Financial Activities over the relevant period. The capital element of the future payments is treated as a liability. |
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. |
Pension costs and other post-retirement benefits |
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. |
Financial instruments |
Debtors and creditors receivable/payable within one year |
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses. |
Loans and borrowings |
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at the present value of future payments |
Limited by guarantee |
The company is limited by guarantee. The liability of members, in case of winding up, is limited to a sum not exceeding £10 per each member. |
3. | DONATIONS AND LEGACIES |
2024 | 2023 |
£ | £ |
Offerings at church | 11,116 | 11,134 |
Tithes at church | 62,273 | 52,695 |
Donations | 22,454 | 13,575 |
WORLD WIDE MISSIONARY MOVEMENT OF UK |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2024 |
4. | INVESTMENT INCOME |
2024 | 2023 |
£ | £ |
Bank interest receivable |
5. | CHARITABLE ACTIVITIES COSTS |
Direct | Support |
Costs (see | costs (see |
note 6) | note 7) | Totals |
£ | £ | £ |
Church services | 92,377 | 1,498 | 93,875 |
6. | DIRECT COSTS OF CHARITABLE ACTIVITIES |
2024 | 2023 |
£ | £ |
Trustees' remuneration | 9,075 | 8,500 |
Staff costs | 7,099 | 5,255 |
Rent payable | 19,623 | 16,096 |
Telephone | 1,480 | 840 |
Postage and stationery | 387 | 292 |
Advertising | 43 | 236 |
Sundries | 75 | 25 |
Rapairs and maintenance | 1,883 | 591 |
Pastor's expenses | 35,353 | 27,164 |
Travel and subsistence | 3,656 | 3,624 |
Donations | 6,380 | 5,039 |
Courses books and periodicals | 1,156 | 2,794 |
Computer running cost | 457 | 134 |
Depreciation | 4,246 | 4,246 |
Interest payable and similar charges | 1,464 | 1,638 |
92,377 | 76,474 |
7. | SUPPORT COSTS |
Governance |
Finance | costs | Totals |
£ | £ | £ |
Church services | 29 | 1,469 | 1,498 |
WORLD WIDE MISSIONARY MOVEMENT OF UK |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2024 |
7. | SUPPORT COSTS - continued |
Support costs, included in the above, are as follows: |
2024 | 2023 |
Church | Total |
services | activities |
£ | £ |
Bank charges | 29 | 15 |
Independent examiner’s fees | 560 | 560 |
Sundries | 34 | 13 |
Accountancy-payroll fees | 875 | 125 |
1,498 | 713 |
8. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
2024 | 2023 |
£ | £ |
Depreciation - owned assets |
Other operating leases | 19,623 | 16,096 |
Surplus on disposal of fixed assets | ( |
) |
9. | INDEPENDENT EXAMINER'S |
2024 | 2023 |
£ | £ |
Independent examiner’s fees | 560 | 560 |
10. | TRUSTEES' REMUNERATION AND BENEFITS |
2024 | 2023 |
£ | £ |
Trustees' salaries |
Trustees' expenses |
The remuneration paid to the trustee, who conducts the church services, amounted to £9,075 (2023- £8,500). |
A trustee and his expenses are met by the charity company amounting for £35,353 (2023-£27,164) for his accommodation and travel costs in providing church services. |
WORLD WIDE MISSIONARY MOVEMENT OF UK |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2024 |
11. | STAFF COSTS |
2024 | 2023 |
£ | £ |
Wages and salaries |
Other pension costs |
16,174 | 13,755 |
The average monthly number of employees during the year was as follows: |
2024 | 2023 |
Employees |
12. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted |
funds |
£ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Investment income |
Other income |
Total |
EXPENDITURE ON |
Charitable activities |
NET INCOME |
RECONCILIATION OF FUNDS |
Total funds brought forward | ( |
) |
TOTAL FUNDS CARRIED FORWARD | 397 |
WORLD WIDE MISSIONARY MOVEMENT OF UK |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2024 |
13. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Motor |
machinery | fittings | vehicles | Totals |
£ | £ | £ | £ |
COST |
At 1 July 2023 and 30 June 2024 |
DEPRECIATION |
At 1 July 2023 |
Charge for year |
At 30 June 2024 |
NET BOOK VALUE |
At 30 June 2024 |
At 30 June 2023 |
The net book value of tangible fixed assets includes £7,719 (2023-£11,578) in respect of assets held under finance leases or hire purchase contracts. The depreciation change in respect of such assets amounted to £3,860 (2023-£3,860) for the year. |
14. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Other debtors |
15. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Hire purchase (see note 17) | 2,309 | 2,060 |
Social security and other taxes |
Other creditors |
Accrued expenses |
WORLD WIDE MISSIONARY MOVEMENT OF UK |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2024 |
16. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Hire purchase (see note 17) | 9,379 | 11,688 |
17. | LEASING AGREEMENTS |
Minimum lease payments under hire purchase fall due as follows: |
2024 | 2023 |
£ | £ |
Net obligations repayable: |
Within one year | 2,309 | 2,060 |
Between one and five years | 9,379 | 11,688 |
11,688 | 13,748 |
18. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1.7.23 | in funds | 30.6.24 |
£ | £ | £ |
Unrestricted funds |
General fund | 397 | 1,995 | 2,392 |
TOTAL FUNDS | 1,995 | 2,392 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 95,870 | (93,875 | ) | 1,995 |
TOTAL FUNDS | ( |
) | 1,995 |
Comparatives for movement in funds |
Net |
movement | At |
At 1.7.22 | in funds | 30.6.23 |
£ | £ | £ |
Unrestricted funds |
General fund | (1,035 | ) | 1,432 | 397 |
TOTAL FUNDS | (1,035 | ) | 1,432 | 397 |
WORLD WIDE MISSIONARY MOVEMENT OF UK |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2024 |
18. | MOVEMENT IN FUNDS - continued |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 78,619 | (77,187 | ) | 1,432 |
TOTAL FUNDS | 78,619 | (77,187 | ) | 1,432 |
A current year 12 months and prior year 12 months combined position is as follows: |
Net |
movement | At |
At 1.7.22 | in funds | 30.6.24 |
£ | £ | £ |
Unrestricted funds |
General fund | (1,035 | ) | 3,427 | 2,392 |
TOTAL FUNDS | (1,035 | ) | 3,427 | 2,392 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 174,489 | (171,062 | ) | 3,427 |
TOTAL FUNDS | 174,489 | (171,062 | ) | 3,427 |
19. | RELATED PARTY DISCLOSURES |
A employee who conducts the church activity is also a trustee. He was paid a salary of £9,075 (2023: £8,500) and provided with costs £35,353 (2023: £27,164). His wife was paid £7,065 (2023: £5,255) in assisting his church activities. |
His expenses are met by the charity are as below: |
Rent £20,000 (2023: £19,800) |
Council tax and utilities £3,615 (2023: £2,886) |
Travel costs in providing church services £11,738 (2023: £4,478) |
Total £35,353 (2023: £27,164). |