REGISTERED CHARITY NUMBER: 1025360
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR
ENDED 31 DECEMBER
2021 FOR
CHRIST INTERNATIONAL CHRISTIAN CENTRE
McCabe Ford Williams Chartered Accountants Bank Chambers 1 Central Avenue Sittingbourne Kent ME10 4AE
CHRIST INTERNATIONAL CHRISTIAN CENTRE
Contents Page For the year ended 31 December 2021
| Report of the Trustees | 1 to 4 |
|---|---|
| Independent Examiner's Report to the Trustees | 5 |
| Statement of Financial Activities | 6 |
| Statement of Financial Position | 7 |
| Notes to the Financial Statements | 8 to 13 |
| Detailed Statement of Financial Activities | 14 to 15 |
CHRIST INTERNATIONAL
Report of the Trustees For the year ended 31 December 2021
The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 December 2021. 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 the Republic of Ireland (FRS 102) (effective 1 January 2020).
OBJECTIVES AND ACTIVITIES
The objects of the church are:
-
The advancement of the Christian faith worldwide in accordance with the doctrines set out in the statement of faith contained in the schedule.
-
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.
Objectives and aims
The church has adopted the following strategies for achieving it's 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.
The following activities are aimed at achieving the objectives
-
Various missionary activities;
-
Community outreach events;
-
Provision of welfare support to members;
-
Conferences and events.
Statement on public benefit
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
Volunteers
The church is grateful for the generous 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 are provided every year. If this is valued at £10.00 an hour the volunteer effort amounts to over £160,000.
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CHRIST INTERNATIONAL CHRISTIAN CENTRE Report of the Trustees Continued For the year ended 31 December 2021
ACHIEVEMENTS AND PERFORMANCE
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 it 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 which holds 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 neighbors 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 Fareshare UK to distribute food every Wednesday to less privileged in the community.
FINANCIAL REVIEW
In the twelve months under review, total income was £223,939; (2019: £352,606) and total expenditure was £264,551; (2020: £264,400).
Net results for the year were (£40,612); (2019: £88,206) and carries forward funds in deficit of (£58,567); (2020: (£17,955)).
The Trustees continue to place emphasis on financial management to ensure that the funds within the organisation are properly managed.
The Trustees have implemented robust budgetary controls and continue to monitor costs to deliver a balanced budget for the future.
Reserves
The Trustees believes that unrestricted funds which have not been designated for a specific use should be maintained so that in the event of a significant drop in funding, they will be able to continue the Charity's activities and are working towards achieving it.
The aim is to build reserves levels to approximately 3 months of unrestricted expenditure.
Going concern
At the time of approving the accounts, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the Trustees' continue to adopt the going concern basis of accounting in preparing the accounts.
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CHRIST INTERNATIONAL CHRISTIAN CENTRE Report of the Trustees Continued For the year ended 31 December 2021
The trustees are continuously looking at areas of possible cost reductions 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.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
CICC Power is a charitable trust and is controlled by its governing document, a trust deed.
Recruitment and appointment 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.
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.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity CHRIST INTERNATIONAL CHRISTIAN CENTRE (CICC) Charity registration number 1114058 Principal address UNIT 3A THE MIRAGE CENTRE. FIRST WAY WEMBLEY HA9 0JD
Trustees
The trustees and officers serving during the year and since the year end were as follows: Mrs. BEATRICE ADJETEY Chair Mrs. A MENSAH Trustee Mr. PEREZ OCHIENG Trustee Mr. I MENSAH Trustee Independent examiners Mrs C Rayner FCA DChA McCabe Ford Williams Chartered Accountants Bank Chambers1 Central Avenue Sittingbourne Kent ME10 4AE Bankers NATWEST
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CHRIST INTERNATIONAL CHRISTIAN CENTRE Report of the Trustees Continued For the year ended 31 December 2021
Approved by the Board of Trustees and signed on its behalf by
9[th] January 2022 .PMr . I MENSAH - Trustee........................................
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CHRST INTERNATIONAL CHRISTIAN CENTRE (CICC) Independent Examiners Report to the Trustees For the year ended 31 December 2021
I report to the trustees on my examination of the accounts of the charity for the year ended 31 October 2021.
Responsibilities and basis of report
As the charity trustees, 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 charity’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 Act.
Independent examiners 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 that in any material respect:
-
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
-
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.
Mrs C Rayner FCA DChA McCabe
Ford Williams
Chartered Accountants
Bank Chambers
1 Central Avenue
Sittingbourne Kent
ME10 4AE
- 19 October 2021
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CHRIST INTERNATIONAL CHRISTIAN CENTRE (CICC) Statement of Financial Activities For the year ended 31 December 2021
| Income and endowments from: Notes Donations and legacies 2 Investments 3 Other income Gift Aid 4 5 Total Expenditure on: Charitable activities 5/6 Total Net income/expenditure Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 162,464 11 12,679 44,018 219,172 (209,784) (209,784) 9,388 (67,955) (58,567) |
Restricted funds £ 4,767 - - 4,767 (54,767) (54,767) (50,000) 50,000 - |
2021 £ 211,249 11 12,679 223,939 (264,551) (264,551) (40,612) (17,955) (58,567) |
2020 £ 344,031 2 8,573 |
|---|---|---|---|---|
| 352,606 | ||||
| (264,400) | ||||
| (264,400) | ||||
| 88,206 (106,161) |
||||
| (17,955) |
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CHRIST INTERNATIONAL CHRISTIAN CENTRE (CICC) Statement of Financial Activities For the year ended 31 December 2021
| Fixed assets Notes Tangible assets 12 Current assets Debtors 13 Cash at bank and in hand Creditors: amounts falling due within one year 14 Net current assets Total assets less current liabilities Net assets The funds of the charity Restricted income funds 15 Unrestricted income funds 15 Total funds |
2021 £ 2,943 2,943 - 3,235 3,235 (64,745) (61,510) (58,567) (58,567) - (58,567) (58,567) |
2020 £ 2,175 |
|
|---|---|---|---|
| 2,175 | |||
| 13,791 45,000 |
|||
| 58,791 | |||
| (78,921) (20,130) |
|||
| (17,955) | |||
| (17,955) | |||
| 50,000 (67,955) |
|||
| (17,955) |
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
9[th] January 2022
.PMr . I MENSAH - Trustee........................................
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Notes to the Financial Statements For the year ended 31 December 2021
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and 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 (FRS 102), and the Charities Act 2011.
REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) POWER OF JEHOVAH meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Going concern
At the time of approving the accounts, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the Trustees' continue to adopt the going concern basis of accounting in preparing the accounts.
The Trustees have taken advantage of the exemption in SORP FRS 102 from including a cash flow statement in the financial statements on the grounds that the charity is small.
Funds
Fund is mainly through voluntary donations of tithes and offerings by the church members and the government gift aid scheme. Other income is derived from rental of the church premises and the church car park.
Incoming resources
All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure.
Charitable activites
Charitable activities are those costs relating to activities carried out to meet the objectives of the charity and include directly attributed costs as well as support costs.
Allocation and appointment of costs
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.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
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CHRIST INTERNATIONAL CHRISTIAN CENTRE (CICC) Statement of Financial Activities For the year ended 31 December 2021
2. Income from donations and legacies
| Donations received 3. Investment income Unrestricted funds Bank interest receivable 4. Other income Unrestricted funds Other income 5. Costs of charitable activities by fund type Charitable Activities Support costs 6. Costs of charitable activities by activity type Support costs Charitable Activities |
Unrestricted funds £ 162,464 162,464 Unrestricted funds £ 96,031 113,753 209,784 Activities undertaken directly £ 96,031 |
Restricted funds £ 4,767 4,767 Restricted funds £ - 54,767 54,767 Support costs £ 168,520 |
2021 £ 211,249 211,249 2021 £ 11 11 2021 £ 12,679 12,679 2021 £ 96,031 168,520 264,551 2021 £ 264,551 |
2020 £ 344,031 |
|---|---|---|---|---|
| 344,031 | ||||
| 2020 £ 2 |
||||
| 2 | ||||
| 2020 £ 8,573 |
||||
| 8,573 | ||||
| 2020 £ 91,576 172,824 |
||||
| 264,400 | ||||
| 2020 £ 264,400 |
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CHRIST INTERNATIONAL CHRISTIAN CENTRE (CICC) Statement of Financial Activities For the year ended 31 December 2021
7. Analysis of support costs
| Charitable Activities Support Costs Governance costs |
2021 £ 162,473 6,047 168,520 |
2020 £ 166,213 6,611 |
|---|---|---|
| 172,824 |
8. Net income/(expenditure) for the year
This is stated after charging/(crediting):
| This is stated after charging/(crediting): | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Depreciation of owned fixed assets | 3,156 | 4,306 |
| Accountancy fees | 6,047 | 6,611 |
| Staf pension contributions | 2,443 | 810 |
9.
Total staff costs for the year ended 31 March 2020 were:
| Salaries and wages Social security costs Pension costs Administration Pastors |
2021 £ 85,000 7,518 2,443 94,961 2021 2 2 4 |
2020 £ 83,585 7,358 810 |
|---|---|---|
| 91,753 | ||
| 2020 2 2 |
||
| 4 |
10. Trustee remuneration and related party transactions
There were no Trustee's remuneration in the year or in the prior year. There were no related parties transactions in the year or in the prior year.
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CHRIST INTERNATIONAL CHRISTIAN CENTRE (CICC) Statement of Financial Activities For the year ended 31 December 2021
11. Comparative for the Statement of Financial Activities
| Income and endowments from: Donations and legacies Investments Gift Aid Total Expenditure on: Charitable activities Total Net income Reconciliation of funds Total funds brought forward Total funds carried forward 12. Tangible fxed assets Cost or valuation At 01 November 2020 Additions At 31 October 2021 Depreciation At 01 November 2019 Charge for year At 31 October 2021 Net book values At 31 October 2021 At 31 October 2020 13. Debtors Amounts due within one year: Prepayments and accrued income |
Unrestricted funds £ 256,417 2 44,018 300,437 (262,231) (262,231) 38,206 (106,161) (67,955) |
Restricted funds £ 52,169 - - 52,169 (2,169) (2,169) 50,000 - 50,000 2021 £ - - |
2020 £ 344,031 2 44,018 |
|
|---|---|---|---|---|
| 352,606 | ||||
| (264,400) | ||||
| (264,400) | ||||
| 88,206 (106,161) |
||||
| (17,955) | ||||
| Fixtures and Fittings £ 137,806 3,924 |
||||
| 141,730 | ||||
| 135,631 3,156 |
||||
| 138,787 | ||||
| 2,943 | ||||
| 2,175 | ||||
| 2020 £ 13,791 |
||||
| 13,791 |
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CHRIST INTERNATIONAL CHRISTIAN CENTRE (CICC) Statement of Financial Activities For the year ended 31 December 2021
14. Creditors: amounts falling due within one year
| Loans and overdrafts Other creditors Accruals and deferred income |
2021 £ 1,391 54,526 8,828 64,745 |
2020 £ 1,391 67,731 9,799 |
|---|---|---|
| 78,921 |
15. Movement in funds
Unrestricted Funds
| General General Unrestricted Funds - Previous year General General |
Balance at 01/04/2019 £ (67,955) (67,955) Balance at 01/11/2019 £ (106,161) (106,161) |
Incoming resources £ 219,172 219,172 Incoming resources £ 300,437 300,437 |
Outgoing resources £ (209,784) (209,784) Outgoing resources £ (262,231) (262,231) |
Balance at 31/10/2021 £ (58,567) |
|---|---|---|---|---|
| (58,567) | ||||
| Balance at 31/10/2020 £ (67,955) |
||||
| (67,955) |
Purpose of unrestricted Funds
General
Unrestricted funds are available for use at the discretion of the Committee in furtherance of their charitable objectives unless the funds have been designated for other purposes.
Restricted Funds
| General | Balance at 01/11/2020 £ 50,000 50,000 |
Incoming resources £ 4,767 4,767 |
Outgoing resources £ (54,767) (54,767) |
Balance at 31/11/2021 £ - |
|---|---|---|---|---|
| - |
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CHRIST INTERNATIONAL CHRISTIAN CENTRE (CICC) Statement of Financial Activities For the year ended 31 December 2021
Restricted Funds - Previous year
| General | Balance at 01/11/2019 £ - - |
Incoming resources £ 52,169 52,169 |
Outgoing resources £ (2,169) (2,169) |
Balance at 31/10/2020 £ 50,000 |
|---|---|---|---|---|
| 50,000 |
Purpose of restricted funds
General
Restricted funds are subject to specific conditions set out by donors as to how those funds may be used.
16. Analysis of net assets between funds
| Analysis of net assets between funds | |
|---|---|
| Unrestricted funds General General Restricted funds Previous year Unrestricted funds General General Restricted funds General |
Tangible fxed assets Net current assets / (liabilities) Net Assets £ £ £ 2,943 (61,510) (58,567) |
| 2,943 (61,510) (58,567) |
|
| Tangible fxed assets Net current assets / Net Assets (liabilities) £ £ £ 2,175 (70,130) (67,955) - 50,000 50,000 |
|
| 2,175 (20,130) (17,955) |
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CHRIST INTERNATIONAL CHRISTIAN CENTRE (CICC) Statement of Financial Activities For the year ended 31 December 2021
| INCOME AND ENDOWMENT Donations and legacies Tithes & Oferings Gift Aid Building Fund Investments Bank Interest Receivable Other income Hall Rental Book Sales Parking Rental Total incoming resources EXPENDITURE Charitable activities Staf Costs - Wages & Salaries Staf Costs - Social Security Costs Staf Costs - Pension Contributions Welfare Accomodation Travel Honorarium Charitable Donations Other Ministry Costs Musicians SUPPORT COSTS Support Costs Staf Costs - Wages & Salaries Staf Costs - Social Security Costs Staf Costs - Pension Contributions Depreciation - Owned Assets Advert & Promotion Hospitality Insurance Heat & Light Rates Telephone Print, Postage & Stationary Repairs & Maintenance Bank Charges Legal & Professional Fees |
2021 £ 162,464 44,018 4,767 211,249 11 11 11,239 - 1,440 12,679 223,939 (43,894) (4,811) (1,337) (200) (1,952) (1,184) (13,338) (730) (22,595) (5,990) (96,031) (41,106) (2,707) (1,106) (3,156) (4,987) (305) (829) (7,660) (569) (3,694) (1,215) (2,405) (1,841) (1,758) |
2020 £ 257,791 34,071 52,169 |
|---|---|---|
| 344,031 2 |
||
| 2 7,850 723 - |
||
| 8,573 | ||
| 352,606 (40,469) (4,616) - - (1,903) (4,237) (16,494) (9,760) (14,097) - |
||
| (91,576) (43,116) (2,742) (810) (4,306) (4,804) (1,862) (758) (7,347) (708) (4,639) (2,664) (1,762) (3,265) (450) |
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CHRIST INTERNATIONAL CHRISTIAN CENTRE (CICC) Statement of Financial Activities For the year ended 31 December 2021
Other Expenses Small Music Equipment Processing Fees Office Supplies Rent Governance costs Accountancy Fees Total resources expended Net Expenditure
| (5,984) (236) (4,287) (964) (77,664) (162,473) (6,047) (6,047) (264,551) (40,612) |
(1,132) (518) - - (85,330) |
|---|---|
| (166,213) (6,611) |
|
| (6,611) | |
| (264,400) | |
| 88,206 |
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