**Charity number: 1025360**
## **CHRIST INTERNATIONAL CHRISTIAN CENTRE**
## **UNAUDITED**
## **TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**for the year ended 31 December 2020**
## **CHRIST INTERNATIONAL CHRISTIAN CENTRE**
|**CONTENTS**||
|---|---|
||Page|
|**Reference and administrative details of the charity, its trustees and advisers**|1|
|**Trustees' report**|2 - 5|
|**Independent examiner's report**|6 - 7|
|**Statement of financial activities**|8|
|**Balance sheet**|9|
|**Statement of cash flows**|10|
|**Notes to the financial statements**|11 - 23|
**CHRIST INTERNATIONAL CHRISTIAN CENTRE**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHURCH, ITS TRUSTEES AND ADVISERS for the year ended 31 December 2020**
## **Trustees**
Mrs. BEATRICE ADJETEY Chair
Mrs. A MENSAH Trustee Mr. PEREZ OCHIENG Trustee Mr. I MENSAH Trustee
**Charity registered number** 1025360
## **Registered office**
UNIT 3A THE MIRAGE CENTRE. FIRST WAY WEMBLEY HA9 0JD
## **Accountants**
Mrs C Rayner FCA DChA McCabe Ford Williams Chartered Accountants Bank Chambers 1 Central Avenue Sittingbourne Kent ME10 4AE
**Bankers** Natwest WILLESDEN GREEN STATION PDE, Enfield Customer Service Centre, PO Box 145, Lee House, Baird House, Middlesex, EN1 1FN
Page 3
## **CHRIST INTERNATIONAL CHRISTIAN CENTRE**
## **TRUSTEES' REPORT for the year ended 31 December 2020**
The Trustees present their annual report together with the financial statements of the charity for the year 1 January 2019 to 31 December 2020. The Trustees confirm that the Annual Report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP), 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 2015) as amended by Update Bulletin 1 (effective 1 January 2015).
The church also trades under the name Power of Jehovah.
## **OBJECTIVES AND ACTIVITIES**
## **a. POLICIES AND OBJECTIVES**
The objects of the church are:
- The advancement of the Christian faith worldwide
- The relief of poverty.
The church supports christian organisations such as World Evangelism Mission. The church also provides support to members of the congregation (at the discretion of the trustees) who are in need.
## **b. STRATEGIES FOR ACHIEVING OBJECTIVES**
The church has adopted the following strategies for achieving the above objectives:
- •. Organisation of seminars in the church with proven speakers and ministers of faith to guide members in the various aspects of Christian faith; and
- Support for other charities Christian events.
## **c. ACTIVITIES FOR ACHIEVING OBJECTIVES**
- Various missionary activities;
- Community outreach events;
- Provision of welfare support to members;
- Conferences and events.
## **d. MAIN ACTIVITIES UNDERTAKEN TO FURTHER THE CHARITY'S PURPOSES FOR PUBLIC BENEFIT**
The Board of Trustees confirm that they have met their duties in strict compliance with the provisions of section 4 and 17 of the Charities Act 2011, and have due regards to the Charity Commissions's general guidance on public benefit. Particular consideration has been given to the Charity Commission's supplementary public guidance provisions on the advancement of religion for public benefit.
## **e. VOLUNTEERS**
The church is grateful for the unstinting support of its volunteers who continually make an invaluable contribution to the operations of the charity by their involvement in service provision, office work and administration. It is estimated that over 16,000 volunteer hours were provided during the 2019. If this is valued at £10.00 an hour the volunteer effort amounts to over £160,000
Page 4
**CHRIST INTERNATIONAL CHRISTIAN CENTRE**
**TRUSTEES' REPORT (continued) for the year ended 31 December 2020**
## **ACHIEVEMENTS AND PERFORMANCE**
## **a. REVIEW OF ACTIVITIES**
In addition to its usual Sunday and weekly services, the church carries out a wide range of activities in pursuance of its charitable aims. These activities include classes for Children and Teenagers where they are taught the tenets and values of the Christian faith, fellowships for various groups in the church including Men Fellowship, Women Fellowship, Elders Fellowship, Youth Fellowship.
The trustees consider that these activities summarized below, provide benefit to those who worship at our church and the wider community:
September is the family month. This programme is intended to impact families in the community by building stronger bonds in the homes and is open to the public. During this programme, the church organised several activities including interdenominational football matches, family fun day to Broadstairs beach, and Couples Breakfast in October.
The church also held several community outreach programmes in which fruit and food parcels were distributed to the community.
Hampers and gifts were given to our neighbours through our door to door outreach.
In January the church hosted a 7 day Praise event opened to the general public called Jericho Praise; In March,
the church opened a new event to the public Prayer Marshall Conference
Various prayer and evangelical events opened to the general public in the month of July and October; All Nations
Celebration Day in November;
Throughout the year the church has opened its doors to members of the public as a place of respite from the numerous challenges people face, providing counseling and welfare assistance. The charity also started partnering with church of God of Prophecy to distribute food every Wednesday to less privileged in the community.
## **b. INVESTMENT POLICY AND PERFORMANCE**
The trustees have decided that at present, funds should be retained in bank. Any change in such banking arrangements should be agreed by the board. As far as possible, funds will be retained in interest bearing accounts.
## **FINANCIAL REVIEW**
## **a. GOING CONCERN**
After making appropriate enquiries, the trustees have a reasonable expectation that the church has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.
Page 5
**CHRIST INTERNATIONAL CHRISTIAN CENTRE**
## **TRUSTEES' REPORT (continued) for the year ended 31 December 2020**
## **b. RESERVES POLICY**
The trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets ('the free reserves') held by the church should be 3 months of annual expenditure. At this level, the trustees feel that they would be able to continue the current activities of the church in the event of a significant drop in funding. The trustees recognize that the current level of free reserve does not reach the above target and are considering ways in which additional funds will be raised.
## **c. DEFICIT**
The trustees are continuously looking at areas of possible cost reduction where they could save money without negatively affecting the quality of service provided to the members and general public. Already, the Trustees have taken some measures to reduce office costs and overheads while continually striving for increased membership and alternative funding sources to increase income. The deficit was significantly reduced during the year through various income generating schemes and cost reduction strategy pursued by the trustees.
## **d. PRINCIPAL FUNDING**
This is provided mainly through voluntary tithes and offerings by the church members and through gift aid scheme.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **a. CONSTITUTION**
The church is constituted under a Trust deed dated 24 August 1993 and is a registered charity with registration number 1025360.
## **b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES**
The management of the church is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
## **c. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES**
New Trustees are provided with copies of the Charity Commission's guidance and are given an introduction to the activities of the charity. Trustees are also provided with training.
## **d. ORGANISATIONAL STRUCTURE AND DECISION MAKING**
The church is organised so that the trustees meet regularly to manage its affairs. The resident Pastor manages the day to day activities of the church. The Church has an administrator in place.
## **e. CONNECTED CHARITIES**
The Church supports Christian organisations such as World Evangelism Mission. The Church also provides support to members of the congregation (at the discretion of the Welfare Committee) who are in need.
Page 6
**CHRIST INTERNATIONAL CHRISTIAN CENTRE**
## **TRUSTEES' REPORT (continued) for the year ended 31 December 2020**
## **f. RISK MANAGEMENT**
The Trustees have assessed the major risks to which the church is exposed, in particular those related to the operations and finances of the church. These are reviewed continuously at meetings and they are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.
## **PLANS FOR FUTURE PERIODS**
## **a. FUTURE DEVELOPMENTS**
The charity continues to explore ways of evangelizing in an effective manner by raising its profile and getting more involved in the community. The parish aims to continue to organise activities that are relevant to the community on a foundation of Christian ethos and beliefs in a bid to effect change in the moral and spiritual climate of the community. The charity also continues to explore avenues to work in collaboration with statutory agencies such as the Metropolitan Police, Social Services etc.in creating a positive environment in our locality. The charity has developed partnerships with organisations to operate a food distribution service to disadvantaged people in our local community.
This report was approved by the Trustees, on 26 January 2021 and signed on their behalf by:
**Mr . I MENSAH - Trustee**
Page 7
**CHRIST INTERNATIONAL CHRISTIAN CENTRE**
## **INDEPENDENT EXAMINERS' REPORT for the year ended 31 December 2020**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHRIST INTERNATIONAL CHRISTIAN CENTRE (the 'church')**
I report to the charity Trustees on my examination of the accounts of the church for the Year ended 31 December 2020.
## **RESPONSIBILITIES AND BASIS OF REPORT**
As the Trustees of the church you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the church's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **INDEPENDENT EXAMINER'S STATEMENT**
Your attention is drawn to the fact that the church has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
Page 8
## **CHRIST INTERNATIONAL CHRISTIAN CENTRE**
## **INDEPENDENT EXAMINERS' REPORT (continued) for the year ended 31 December 2020**
I have completed my examination. I can confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the church as required by section 130 of the 2011 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Signed:
Dated: 29 January 2021
Mrs C Rayner FCA DChA McCabe Ford Williams Chartered Accountants Bank Chambers 1 Central Avenue Sittingbourne Kent ME10 4AE
Page 9
## **CHRIST INTERNATIONAL CHRISTIAN CENTRE**
## **STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2020**
|**Note**
**INCOME FROM:**
Donations and legacies
2
Charitable activities
3
Investments
4
**TOTAL INCOME**
**EXPENDITURE ON:**
Other charitable activities
**TOTAL EXPENDITURE**
8
**NET INCOME / (EXPENDITURE) BEFORE**
**OTHER RECOGNISED GAINS AND**
**LOSSES**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|**Restricted**
**funds**
**2020**
**£**
**Unrestricted**
**funds**
**202**
**£**
**52,169**
**291,862**
**-**
**723**
**-**
**7,852**
**52,169**
**300,437**
**2,169**
**262,231**
**2,169**
**262,231**
**50,000**
**38,206**
**50,000**
**38,206**
**-**
**(106,161)**
**50,000**
**(67,955)**
|**Restricted**
**funds**
**2020**
**£**
**Unrestricted**
**funds**
**202**
**£**
**52,169**
**291,862**
**-**
**723**
**-**
**7,852**
**52,169**
**300,437**
**2,169**
**262,231**
**2,169**
**262,231**
**50,000**
**38,206**
**50,000**
**38,206**
**-**
**(106,161)**
**50,000**
**(67,955)**
|**Total**
**funds**
**2020**
**£**
**344,031**
**723**
**7,852**
**352,606**
**264,400**
**264,400**
**88,206**
**88,206**
**(106,161)**|_Total_
_funds_
_2019_
_£_
_9,020_
_4,967_
_9,252_|
|---|---|---|---|---|
|||||_23,239_|
|||||_1,511_|
|||||_1,511_|
|||||_(6,027)_
_(6,027)_
_(17,351)_|
|||**(67,955)**
|**(17,955)**|_(23,378)_|
The notes on pages 11 to 23 form part of these financial statements.
Page 10
## **CHRIST INTERNATIONAL CHRISTIAN CENTRE**
## **BALANCE SHEET as at 31 December 2020**
||||**2020**||_2019_|
|---|---|---|---|---|---|
||**Note**|**£**|**£**|_£_|_£_|
|Tangible assets|12||**2,175**||_8,34_|
|**CURRENT ASSETS**||||||
|Debtors|13|**13,791**||_988_||
|Cash at bank and in hand||**45,000**||_38,359_||
|||**58,791**||_39,347_||
|**CREDITORS:**amounts falling due within||||||
|one year|14|**(78,921)**||_(888)_||
|**NET CURRENT LIABILITIES**|||**(20,130)**||_(34,459)_|
|**NET LIABILITIES**|||**(17,955)**||_(39,293)_|
|**CHARITY FUNDS**||||||
|Restricted funds|15||**50,000**|_20,125_|_20,125_|
|Unrestricted funds|15||**(67,955)**||_(19,168)_|
|**TOTAL DEFICIT**|||**(17,955)**||_(39,293)_|
The financial statements were approved and authorised for issue by the Trustees on 26 January 2021 and signed on their behalf, by:
## **Mr . I MENSAH - Trustee**
The notes on pages 11 to 23 form part of these financial statements.
Page 11
## **THE REDEEMED CHRISTIAN CHURCH OF GOD "RCCG" POWER OF JEHOVAH**
## **STATEMENT OF CASH FLOWS for the year ended 31 March 2019**
|**Note**
**2020**
**£**
**Cash flows from operating activities**
Net cash provided by/(used in) operating activities
17
**39,126**
**Cash flows from investing activities:**
Dividends, interest and rents from investments
**7,850**
Purchase of tangible fixed assets
**(2,535)**
**Net cash provided by investing activities**
**5,315**
**Change in cash and cash equivalents in the Year**
**44,441**
Cash and cash equivalents brought forward
**559**
**Cash and cash equivalents carried forward**
18
**45,000**|_2019_
_£_
_(4,263)_|
|---|---|
||_4,960_
_(960)_|
||_4,000_|
||_(263)_
_822_|
||_559_|
The notes on pages 11 to 23 form part of these financial statements.
Page 10
**CHRIST INTERNATIONAL CHRISTIAN CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2020**
## **1. ACCOUNTING POLICIES**
## **BASIS OF PREPARATION OF FINANCIAL STATEMENTS**
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The financial statements have been prepared under the historical cost convention with items recognized at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and Charities Act 2011.
CHRIST INTERNATIONAL CHRISTIAN CENTRE constitutes a public benefit entity as defined by FRS 102.
## **GOING CONCERN**
After reviewing the charity's forecasts and projections, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.
## **INCOME**
All income is recognized once the church has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognized at the time of the donation.
Income tax recoverable in relation to investment income is recognized at the time the investment income is receivable.
Page 11
## **CHRIST INTERNATIONAL CHRISTIAN CENTRE**
**NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2020**
## **1. ACCOUNTING POLICIES (continued)**
## **EXPENDITURE**
Expenditure is recognized once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Support costs are those costs incurred directly in support of expenditure on the objects of the church and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the church and compliance with constitutional and statutory requirements.
Charitable activities and Governance costs are costs incurred on the church's educational operations, including support costs and costs relating to the governance of the church apportioned to charitable activities.
## **TANGIBLE FIXED ASSETS AND DEPRECIATION**
All assets costing more than £500 are capitalized.
A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognized as impairments. Impairment losses are recognized in the Statement of financial activities.
Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Music and church equipment - 33.3% straight line Motor vehicles - 25% reducing balance Fixtures & fittings - 25% straight line Office equipment - 25% straight line
## **INTEREST RECEIVABLE**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the church; this is normally upon notification of the interest paid or payable by the Bank.
## **OPERATING LEASES**
Rentals under operating leases are charged to the Statement of financial activities on a straight line basis over the lease term.
## **DEBTORS**
Trade and other debtors are recognized at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Page 12
**CHRIST INTERNATIONAL CHRISTIAN CENTRE**
**NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2020**
## **1. ACCOUNTING POLICIES (continued)**
## **CASH AT BANK AND IN HAND**
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **LIABILITIES AND PROVISIONS**
Liabilities are recognized when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognized at the amount that the church anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognized within interest payable and similar charges.
## **FINANCIAL INSTRUMENTS**
The church only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognized at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortized cost using the effective interest method.
## **PENSIONS**
The church operates a defined contribution pension scheme and the pension charge represents the amounts payable by the church to the fund in respect of the Year.
## **FUND ACCOUNTING**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the church and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the church for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
## **2. INCOME FROM DONATIONS AND LEGACIES**
|Donations
_Total 2019_|**Restricted**
**funds**
**2020**
**£**
**Unrestricted**
**funds**
**2020**
**£**
**52,169**
**291,862**
_3,665_
_273,463_|**Total**
**funds**
**2020**
**£**
**344,031**
_277,128_|_Total_
_funds_
_2019_
_£_
_9,019_|
|---|---|---|---|
||_3,665_|||
Page 13
**CHRIST INTERNATIONAL CHRISTIAN CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2020**
|**Donations**
Tithes
Collections at all services
Building fund
Gift aid tax recoverable
Total|**2020**
**£**
**102,579**
**155,212**
**52,169**
**34,071**
**344,031**|_2019_
_£_
**-**
**9,252**
**-**
**-**|
|---|---|---|
|||**9,252**|
## **3. INCOME FROM CHARITABLE ACTIVITIES**
|Income from book sale
_Total 2019_|**Restricted**
**funds**
**2020**
**£**
**Unrestricted**
**funds**
**2020**
**£**
**-**
**723**
_-_
_1,329_|**Total**
**funds**
**2020**
**£**
**723**
_726_|_Total_
_funds_
_2019_
_£_
_726_|
|---|---|---|---|
|||||
||_-_|||
## **4. INVESTMENT INCOME**
|**INVESTMENT INCOME**||||
|---|---|---|---|
|Hall Rental
Bank Interest
_Total 2019_|**Restricted**
**funds**
**2020**
**£**
**Unrestricted**
**funds**
**2020**
**£**
**-**
**7,850**
**-**
**2**
**-**
**7,852**
_-_
_4,960_|**Total**
**funds**
**2020**
**£**
**7,850**
**2**
**7,852**
_4,960_|_Total_
_funds_
_2019_
_£_
_10,049_
_-_
_10,049_|
|||||
||_-_|||
Page 14
## **CHRIST INTERNATIONAL CHRISTIAN CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2020**
## **5. LIST OF INSTITUTIONAL DONATIONS PAYABLE**
|**TERRITORY**
**DONATION DESCRIPTION**
1. United Kingdom
Advancement of Christian
Faith
**DIRECT COSTS**
**Advanceme**
**Basis of**
**nt of**
**Christain**
**Allocation**
**faith**
**£**
Welfare
Actual
**-**
Accomodation
Actual
**1,903**
Rent
Actual
**68,830**
Travel
Actual
**4,237**
Honorarium
Actual
**16,494**
Wages and salaries
Actual
**40,469**
National insurance
Actual
**4,616**
**136,549**
_Total 2019_
_-_||**2020**
**£**
**9,760**
**9,760**
**Total**
**2020**
**£**
**-**
**1,903**
**68,830**
**4,237**
**16,494**
**40,469**
**4,616**
**136,549**
_-_||_2019_
_£_
**-**
_-_
_Total_
_2019_
_£_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_|
|---|---|---|---|---|
||||||
## **6. DIRECT COSTS**
Page 15
## **CHRIST INTERNATIONAL CHRISTIAN CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2020**
## **7. SUPPORT COSTS**
|**Basis of**
**Allocation**
**Governance**
**Cost**
**£**
Training, course and retreat
Actual
**-**
Independent Examiners fee
Actual
**6,611**
Advert & Promotion
Actual
**-**
Refreshment
Actual
**-**
Insurance
Actual
**-**
Gas and electricity
Actual
**-**
Rent and Rates
Actual
**-**
Books and Tapes
Actual
**-**
Communication costs
Actual
**-**
Motor and travel expenses
Actual
**-**
Printing postage and stationery
Actual
**-**
Repairs and maintenance
Actual
**-**
Bank charges
Actual
**-**
Legal and professional fees
Actual
**-**
Sundry church expenses
Actual
**-**
Gifts and donations
Actual
**-**
Music and equipment
Actual
**-**
Wages and salaries
Actual
**-**
National insurance
Actual
**-**
Pension cost
Actual
**-**
Depreciation
Actual
**-**
**6,611**
_Total 2019_
_6,320_||**Advanceme**
**nt of**
**Christian**
**£**
**-**
**-**
**4,804**
**1,862**
**758**
**7,347**
**17,208**
**-**
**4,639**
**-**
**2,664**
**1,762**
**3,265**
**450**
**1,132**
**-**
**518**
**43,116**
**2,742**
**810**
**4,306**
**97,383**
_115,548_||**Total**
**2020**
**£**
**-**
**6,611**
**4,804**
**1,862**
**758**
**7,347**
**17,208**
**-**
**4,639**
**-**
**2,664**
**1,762**
**3,265**
**450**
**1,132**
**-**
**518**
**43,116**
**2,742**
**810**
**4,306**
**103,994**
_-_||_Total_
_2019_
_£_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_|
|---|---|---|---|---|---|---|
|||||||_-_|
||||||||
Page 16
## **CHRIST INTERNATIONAL CHRISTIAN CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2020**
## **8. ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE**
|Donations
Advancement of Christian
Faith
**CHARITABLE ACTIVITIES**
**EXPENDITURE ON**
**GOVERNANCE**
_Total 2019_|**Staff costs Depreciation**
**Other costs**
**2020**
**£**
**2020**
**£**
**2020**
**£**
**-**
**-**
**9,760**
**91,753**
**4,306**
**91,753**
**4,306**
**-**
**-**
**91,753**
**4,306**
_126,075_
_1,503_|**Staff costs Depreciation**
**Other costs**
**2020**
**£**
**2020**
**£**
**2020**
**£**
**-**
**-**
**9,760**
**91,753**
**4,306**
**91,753**
**4,306**
**-**
**-**
**91,753**
**4,306**
_126,075_
_1,503_|**Staff costs Depreciation**
**Other costs**
**2020**
**£**
**2020**
**£**
**2020**
**£**
**-**
**-**
**9,760**
**91,753**
**4,306**
**91,753**
**4,306**
**-**
**-**
**91,753**
**4,306**
_126,075_
_1,503_||**Total**
**2020**
**£**
**9,760**
**137,873**
**147,633**|**Total**
**2020**
**£**
**9,760**
**137,873**
**147,633**||_Total_
_2019_
_£_
_146,950_
**233,932**
**243,692**
**20,708**
**168,341**
_197,608_|
|---|---|---|---|---|---|---|---|---|
||||||||||
||||**-**||||||
||||||||||
||||||||||
## **9. NET INCOME/(EXPENDITURE)**
This is stated after charging:
||**2020**|_2019_|
|---|---|---|
||**£**|_£_|
|Depreciation of tangible fixed assets:|||
|- owned by the charity|**4,306**|_1,593_|
|Independent Examiners fee|**1,452**|_16,189_|
|Independent Examiners - Others|**5,159**|**17,782**|
During the Year, no Trustees received any remuneration (2019 - £NIL). During the Year, no Trustees received any benefits in kind (2019 - £NIL). During the Year, no Trustees received any reimbursement of expenses (2019 - £NIL).
## **10. INDEPENDENT EXAMINER**
The Independent Examiner's remuneration amounts to an Independent Examination fee of £1,452 (2020 - £1,452), and Other services of £5,159(2019 - £4,868).
Page 17
## **CHRIST INTERNATIONAL CHRISTIAN CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2020**
## **11. STAFF COSTS**
Staff costs were as follows:
|Wages and salaries
Social security costs
Other pension costs|**2020**
**£**
**83,585**
**7,358**
**810**
**91,753**|_2019_
_£_
_-_
_-_
_-_
_-_|
|---|---|---|
The average number of persons employed by the church during the Year was as follows:
|Pastors
Administration|**2020**
**No.**
**2**
**2**
**4**|_2019_
_No._
_2_
_2_
_4_|
|---|---|---|
No employee received remuneration amounting to more than £60,000 in either year.
## **12. TANGIBLE FIXED ASSETS**
|**COST**
At 1January 2019
Additions
At 31December 2020
**DEPRECIATION**
At 1 January 2019
Charge for the Year
At 31 December 2020
**NET BOOK VALUE**
At 31 December 2020
_At 31 December 2019_|**Other fixed**
**assets**
**£**
**8,720**
**2,535**
**137,806**
**7,912**
**4,306**
**135,631**
**2,175**
_808_|
|---|---|
Page 18
**CHRIST INTERNATIONAL CHRISTIAN CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2020**
## **13. DEBTORS**
|Tax recoverable
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Bank loans and overdrafts
Other taxation and social security
Other creditors
Accruals and deferred income|**2020**
**£**
**13,791**
**2020**
**£**
**1,391**
**66,419**
**1,312**
**9,799**
**78,921**|_2019_
_£_
_-_
_2019_
_£_
_-_
_702_
_128_
_58_
_888_|
|---|---|---|
## **14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Page 19
## **CHRIST INTERNATIONAL CHRISTIAN CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2020**
## **15. STATEMENT OF FUNDS**
## **STATEMENT OF FUNDS - CURRENT YEAR**
|**Balance at**
**1 January 2019**
**£**
**UNRESTRICTED FUNDS**
General Funds
**(17,782)**
**RESTRICTED FUNDS**
Building Funds
**-**
Total of funds
**(17,782)**
**STATEMENT OF FUNDS - PRIOR YEAR**
_Balance at_
_1 January_
_2018_
_£_
General Funds
_(64,392)_
**RESTRICTED FUNDS**
Building Funds
_-_
Total of funds
_(64,392)_
**SUMMARY OF FUNDS - CURRENT YEAR**|**Balance at**
**1 January 2019**
**£**
**UNRESTRICTED FUNDS**
General Funds
**(17,782)**
**RESTRICTED FUNDS**
Building Funds
**-**
Total of funds
**(17,782)**
**STATEMENT OF FUNDS - PRIOR YEAR**
_Balance at_
_1 January_
_2018_
_£_
General Funds
_(64,392)_
**RESTRICTED FUNDS**
Building Funds
_-_
Total of funds
_(64,392)_
**SUMMARY OF FUNDS - CURRENT YEAR**|**Income**
**£**
**300,437**
**52,169**
**352,606**
_Income_
_£_
_279,752_
_3,665_
_283,417_|**Expenses**
**£**
**(262,231)**
**(2,169)**
**(264,400)**|**Balance at**
**31 Dec**
**2020**
**£**
**(67,955)**
**50,000**|
|---|---|---|---|---|
|||||**(17,955)**|
||_Balance at_
_1 January_
_2018_
_£_
_(64,392)_
_-_
_(64,392)_||_Expenses_
_£_
_(321,521)_
_(3,665)_
_(325,186)_|_Balance at_
_31 Dece_
_2019_
_£_
_(17,782)_|
|||||_-_|
|||||_(17,782)_|
||||||
|General funds
Restricted funds|**Balance at**
**1 Jan 2019**
**£**
**Income**
**£**
**(17,782)**
**300,437**
**-**
**52,169**
**(17,782)**
**352,606**|**Expenses**
**£**
**Balance at**
**31 Dec**
**2020**
**£**
**(262,231)**
**(67,955)**
**(2,169)**
**50,000**
**(264,400)**
**(17,955)**|
|---|---|---|
Page 20
## **CHRIST INTERNATIONAL CHRISTIAN CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2020**
## **15. STATEMENT OF FUNDS (continued)**
## **SUMMARY OF FUNDS - PRIOR YEAR**
|General funds
Restricted funds|_Balance at_
_1 Jan 2018_
_£_
_Income_
_£_
_(64,392)_
_279,752_
_-_
_3,665_
_(64,392)_
_283,417_|_Expenses_
_£_
_Balance at_
_31 Dec_
_2019_
_£_
_(321,521)_
_(17,782)_
_(3,665)_
_-_|
|---|---|---|
|||_(325,186)_
_(17,782)_|
## **16. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
## **ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR**
|Tangible fixed assets
Current assets
Creditors due within one year
**ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR**
Tangible fixed assets
Current assets
Creditors due within one year||**Restricted**
**funds**
**2020**
**£**
**Unrestricted**
**funds**
**2020**
**£**
**-**
**2,175**
**50,000**
**8,791**
**-**
**(78,921)**|**Total**
**funds**
**2020**
**£**
**2,175**
**58,791**
**(78,921)**|
|---|---|---|---|
|||**50,000**
**(67,955)**|**(17,955)**|
|||_Restricted_
_funds_
_2019_
_£_
_Unrestricted_
_funds_
_2019_
_£_
_-_
_3,946_
_-_
_559_
_-_
_(110,666)_|_Total_
_funds_
_2019_
_£_
_-_
_-_
_-_|
|||_-_
_-_|_-_|
Page 21
**CHRIST INTERNATIONAL CHRISTIAN CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2020**
## **17. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES**
## **18.**
|Net income/(expenditure) for the year (as per Statement of Financial
Activities)
**Adjustment for:**
Depreciation charges
Dividends, interest and rents from investments
(Increase)/decrease in debtors
Decrease in creditors
**Net cash provided by/(used in) operating activities**
**ANALYSIS OF CASH AND CASH EQUIVALENTS**
Cash in hand
Total|**2020**
**£**
**88,206**
**4,306**
**(7,850)**
**(13,791)**
**(31,745)**
**39,126**
**2020**
**£**
**45,000**
**45,000**|_2019_
_£_
_(23,238)_
_33,651_
_-_
_-_
**-**
_(56,890)_
_2019_
_£_
_559_
_559_|
|---|---|---|
## **19. PENSION COMMITMENTS**
The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £810 ( _2019 - £_ 1,048)
## **20. OPERATING LEASE COMMITMENTS**
At 31 December 2020 the total of the Charity’s future minimum lease payments under non-cancellable operating leases was:
|**AMOUNTS PAYABLE:**
Within 1 year
Between 1 and 5 years
Total|**2020**
**£**
**83,122**
**332,488**
**415,610**|_2019_
_£_
_-_
_82,583_
_-_|
|---|---|---|
Page 22
## **CHRIST INTERNATIONAL CHRISTIAN CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2020**
## **21. STATUTORY INFORMATION**
The Charity is a trust registered with the Charity Commission in England and Wales. The office address is:
UNIT 3A
THE MIRAGE CENTRE. FIRST WAY WEMBLEY HA9 0JD
Page 23