Charty registered number. 1029155 CHRIST FELLOWSHIP MISSION (ALL NATIONS CHRISTIAN CENTRE) TRusfEES REPORT AND FINANCIAL STATEMEKrs FOR THE Y£AR ENDED 31ST OCTOBER 2022.
Charfty registered number.. 1029155 CHRisf F£LLOwsH M10 (ALL NATIONS CHRISTIAN CENTRE) CONTENTS PAGE Admlnl$trative Infornmtlon Trustees Report Independent Examlners Report statement ot Flnandal a¢tlvltles Balance Sheets Note to the Flnan¢lal Statements
Charlty registered number.. 1029155 cHftr E£LLoWsP MISSION (ALL NATIONS CHRISTIAN CENTRE) Adminlstrative Information Chalrperson Rev. Judith Oronsaye Other trustees Marifrjeanne Arku Ms Aderonke Onakoya Charity reglstered number: 102915S Re8lst•r Offlce: 15 York Hill London SE27 OBU Independent Examlner: Profad Quality Accountlng SeThices & Mgt. Consultlng Unit 3&5, 18ethwin Road Camberwell London SE5 OSH Tel: 0207639¢)839, 02077326832 Banker Natwest Bank PIC Brixton Branch 504 Brixton Road SE9 8E8
(haffty reglstered number: 1029155 cHRf FELLOWSHIP MI&SION (ALL NATIONS CHRISTIAN CENTREI Trustees Report for the year ended 31st October 2022 The trustees present their financial statements for the year ended 31st October 2022. General Community Work Support: We continue to provide an open-door policy to the community and throughout this year we were able to provide supportwith housing, financlal i55ues, mental health support, general health and a listenin8 ear to people in need. With the help of our volunteers we are able to meet more responsibilities in our community outreach projects. This includes, horne visits to the elderly to keep them company as a lot of the time we find they are lonely and Isolated. Youth Conference/YELL: We continue to support the young of our comrnunity- We continue to Ilaise wlth the community police to see how we can engage more to meet the heart felt need of the youth in the community. Young eagles muslc projert: Music school for the klds, every Saturday they would come to the Church and be taught the Piano or Drums. We purchased several keyboards and an additional drum klt to facllltate thelr learning. Klds Saturday Blble Workshop: Every Saturday from 11>12 the kids attended bible school where every week we educated them on different aspert of Christianity. Thls Included activities such as storytellin& son& role play, dancln8 and 8ames. The chlldren thoroughly enjoyed this and we found ourselves havin8 so many questions from the children than time allocated for the Saturday workshop. Mlsslon outreath- Travelled to the rural vllla8es in Nlgeria and provided disadvantaged adults and chlldren with necessary supplies includlng clothing. stationary, toothbrushes, toiletrie5, readin8 81355es food stuffs etc. Our partnership with InKlnd Direct made it easier to distribute a lar8e blll of supplles. We also hosted a 3 day Crnsade spreading words of comfort, inspirntion and most Importantly love. Food bank: Our partnership with Greggs enabled us to create a food bank and continue to provide to the less privileged who were not able to afford basics such as food. Every Wednesday and Friday we opened the Charity to the public so they could have access to the food available.
Charity reglstered number: 1029155 Our Tntee$ and Management t¢am continues to be strong and supportive 8nd this has ¢nable us to achiev¢ many of the plans we set out for the year. Our Sunday weekly WOTship has continued unabaled although we have had to continu¢ also with onlinc n)idweek meetings as many now prefer to attend via zoom that was introduced as a result of th¢ covid era.
Charlty reglstered number.. 1029155 CHiusf FELLowsP MISSION (ALL NATIONS CHRISTIAN CENTRE) Review Of transartlons and financlal position DurlnB the year, donation. sundry creditors and gift received totalled £93A38.00 the donations arKI gifts received have been made avaSlable wtthout restrfctlon as to its usage. The balance5 On the charftys fund are unrestricted. These will be used to fund the charitys oblectfves during the r financial year. The trustees confirni that the charitls assets are available and adequate to enable it to fvifil Its obligations Reserve Pollcy Freely available reserves are a pool of unapplied resources available to meet fvture demands on the charltls resources. Thi5 15"general purpose money that can be spent on any of the purpose5 of the charity. Free reserves of the charlty are represented by its unrestricted funds less the net book value of its assets, as at 31st October 2022. Reserve5 are requlred to ensure the chartty can meet its general buslness commltments
QrIty registered number.. 1029155 cHRf FELLoWswp mloN (ALL NATIONS CHRISTIAN CENTRE) Trustees Report for the year 31st October 2022 {continuationl Statement of trusteeg responsibllltles for the preparallon ol finandal statements Charlty law requires the trustees to prepare their finawal statements which show a true and fair vlew of the stste of the charity affairs as at the year end and of the resources received and expended by the charity ft)r the year ended. In order to meet thls requirement, the trustees must be satisfied that: Sultsblè accountfrn8 polkle5 are sefected and then conS(ste applled: Judgements and estlmatesth•t are made are feasonalAe ab)d prudent: Applicabk actountlnB standards •nd statements of rernrnnrd pr3Ce have been followed: FlnancO315tstement5 ore prepared on a 8oln¢ twcern basls unl$ Ivs inappropAate to assume that the crIty wlll a)ntlnue its ¥tfvth1•5 The Trustees Jre responsib lor ensurbn8 that proptr iKx)ks arn malntalntd. forsafe 8uidlng the assets of the charlty. and tsklng reasonab steps for the prevenikn and detectlon of fraud and other lryegukritle& Tht Board has revlewed the effectl¥eness of th• system of Internal control and there ar* no materlal weèknesses that would have resulttd in losss contln8encle$ and uncertalnfjesthtt requlrea separatt disclosure ift these accounts Rw. Judlth Oronsay• SIRned on boh4lf of th 3110812023 Date....................................... rd of Trurtw•
Charity re815tered number.. 10291S5 cHRf F£LLOWsP mlON (ALL NATIONS CHRISTIAN CENTRE) Independent Examlnerfs ReporL We report on the accounts for the year ended 315t Ortober 2022, which are set out on pages 8-13 Respertlve responslbllltles of trustees and examlner The chafltws trustees are responsible for thÈ preparation of the account It is our responsilmlity to,. Examine the account (under section 4313llal of the 1993 Art) To follow the procedures lald down in the Beneral dlrettions glven by the commis5ioners(under sectlon 43{7)(b} of the 1993 Act) Basls of the Independent examlnerfs rewt My examlnation was carried thrt In a¢cordance wlth the General Oirectlon5 8fven ty tl* charlty. An examlnatlon Indudes a review of the accounting records kept the Charity and a comparlson of the accounts presented wlth those records. It also Includes consideration of any unusual items or disclosures In the actounts. and seeking explanatjons from you as trustees conceming any such marters. The pr¢re$ undertaken do not provide all the evidence that would be required in an •udr¢, and consequently I do not express an audlt opinlon on the view 8iven by the actnts. Indendefit examlnerf$ ststement In connectlon wlth my examination, no matter has come to my attentlon.. l. Which glves me reasonable cause to belleve that In any materlal respect the requlrements? To keep accountin8 records in accordance with section 41 of the 1993 Act and To prepare accounts which accord with the accountln8 records and comply with the accounting requlrement5 of the 1993 Act have not been met or 2. To whlch, in my opinlon. attentlon should be drawn in order to enable a proper under5tsndln8 of the accounts to be reached Omotoyosi Onlfade Profad Quallty Investments Ltd Unit 3&5. 1 BethwSn Road Camben¥ell London SE5 OSH 3110812023 Date...............-......................-...................... 518nature.. .........................................-............_..
Charity registered number: 1029155
CHRIST FELLOWSHIP MISSION
(ALL NATIONS CHRISTIAN CENTRE)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST OCTOBER 2022
| Notes Unrestricted Restricted funds funds £ £ Incoming resources Incoming resources from gerated funds Voluntary income 2 93,438.00 Other Income (i.e Gift Aid, Church Equipment) - Total Incoming resources 93,438.00 Resources expended Cost of Charitable activities 3 79,988.58 Fundraising trading costs - Governance costs 4 10,627.26 Other resources expended 5 2,250.00 - Total resources expended 92,865.84 Net incoming resources before transfers 572.16 Gross transfers between funds - Net movement in funds - 572.16 Total funds brought forward 35,383.83 Total funds carried forward 35,955.99 |
Notes Unrestricted Restricted funds funds £ £ Incoming resources Incoming resources from gerated funds Voluntary income 2 93,438.00 Other Income (i.e Gift Aid, Church Equipment) - Total Incoming resources 93,438.00 Resources expended Cost of Charitable activities 3 79,988.58 Fundraising trading costs - Governance costs 4 10,627.26 Other resources expended 5 2,250.00 - Total resources expended 92,865.84 Net incoming resources before transfers 572.16 Gross transfers between funds - Net movement in funds - 572.16 Total funds brought forward 35,383.83 Total funds carried forward 35,955.99 |
31/10/2022 31/10/2021 Total funds Total funds £ £ 93,438.00 53,829.24 - - 93,438.00 53,829.24 79,988.58 92,934.52 - - 10,627.26 10,291.23 2,250.00 2,725.00 - - 92,865.84 105,950.75 572.16 52,121.51 - - - - 572.16 52,121.51 - 35,383.83 87,505.34 - 35,955.99 35,383.83 |
|---|---|---|
| 35,955.99 |
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Charity registered number: 1029155
CHRIST FELLOWSHIP MISSION
(ALL NATIONS CHRISTIAN CENTRE)
BALANCE SHEET AS AT 31ST OCTOBER 2022
| Notes | Unrestricted | Restricted | 31/10/2022 |
31/10/2021 | |
|---|---|---|---|---|---|
| funds | funds | Total funds | Total funds | ||
| £ | £ | £ | |||
| Fixed assets | |||||
| Tangible assets | 6 | 29,290.31 | 29,290.31 | 36,612.88 | |
| Current assets | 29,290.31 | 29,290.31 | 36,612.88 | ||
| Unlisted Investments | - | - | - | ||
| Other debtors | 7 | - | - | - | |
| Cash at bank | 8 | 267.29 | 267.29 | 7,254.98 | |
| 267.29 | 267.29 | 7,254.98 | |||
| Creditors: amounts falling due | |||||
| within one year | 9 | ||||
| Net current assets | 267.29 | 267.29 | 7,254.98 | ||
| Creditors: amounts due | |||||
| after one year | 10 | 41,058.71 | 41,058.71 | 51,707.15 | |
| Total assets less current liabilities | 11,501.11 - |
11,501.11 - |
7,839.29 - |
||
| Net assets | 11,501.11 - |
11,501.11 - |
7,839.29 - |
||
| Funds | |||||
| Unrestricted funds | |||||
| Restricted funds | 11 | 35,955.99 | 35,955.99 | 35,383.83 | |
| Previous year adjustment | 47,457.10 - |
47,457.10 - |
43,223.12 - |
||
| Total funds | 11,501.11 - |
11,501.11 - |
7,839.29 - |
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Charity registered number: 1029155
CHRIST FELLOWSHIP MISSION
(ALL NATIONS CHRISTIAN CENTRE)
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST OCTOBER 2022
Notes to the Accounts
For the year ended 31st October 2022
1) Accounting Policies
Incoming Resources
Incomes are mainly from voluntry donations and sundry incomes received are included in the financial statement when received.
Resources Expended
All expenditures are accounted for using accrual basis and have been classified under headings that aggregate all costs related to the category
Taxation
As a charity, the charitable funds are exempt from corporation tax but not from VAT. Recoverable VAT is in accordance with standard accounting practice, included in the cost of those items to which it relates.
Depreciation
Depreciation has been provided on a reducing balance method at the following rates:
| Musical Equipment 20% Office Equipment 20% Furniture's and Fixtures 20% Others 20% Analysis of incoming resources 2) Voluntary income Tithe, Offerings and Thanksgiving Other Donations Total Other Income Gift Aid Bank Interest Church Equpiment Total Incoming Resources |
2022 £ 93,438.00 - 93,438.00 - - - - 93,438.00 |
2021 £ 53,829.24 53,829.24 - - - - 53,829.24 |
|---|---|---|
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Charity registered number: 1029155
CHRIST FELLOWSHIP MISSION
(ALL NATIONS CHRISTIAN CENTRE)
Analysis of resources expended
| 3) Cost of Charitable Activities Gift to people in need Allowance Church Development Mission Special Programme Evangelism Telephone Computer & Equipments Website Maintenance & Internet Volunteer Expenses Heating & Light Travel Expenses Youth Ministry Choir Expenses Books & Tapes Premise cost Repairs and Maintenance Stationery & Printing Hospitality Advertisement Welfare Boiler Maintenance Fire Alarm Security Cleaning Sundry expenses Subscriptions Total |
2022 £ 2,350.00 9,600.00 - 1,219.00 940.00 458.11 - 200.00 850.00 894.12 1,073.85 560.00 600.00 - 48,000.00 8,300.51 236.02 950.00 600.00 750.00 900.00 587.97 660.00 - 259.00 79,988.58 |
2021 £ 3,600.00 9,464.00 - 1,028.00 1,020.00 343.80 - 129.51 - 1,629.89 1,286.26 355.00 520.00 - 48,000.00 19,352.19 350.00 1,180.00 540.00 870.00 1,988.00 662.87 615.00 - - 92,934.52 |
|---|---|---|
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Charity registered number: 1029155
CHRIST FELLOWSHIP MISSION
(ALL NATIONS CHRISTIAN CENTRE)
4) Governance costs
| Indemnity Insurance Professional/Consultancy fees Accountancy fee Depreciation Bank charges Total 5) Other resources expended Charitable Donations Evangelism and Special Events Ministry expense Mission Expense Offices Supplies Solicitors fee Total 6) Tangible fixed assets Opening NBV At 01/11/2021 Additions Total Less depreciation Depreciation charge for year Net book value Balance at 31/10/2022 7) Other Debtors |
1,615.00 1,229.37 1,689.68 - - - 7,322.58 8,759.24 - 302.62 10,627.26 10,291.23 700.00 720.00 1,550.00 2,005.00 - - - - - - - - 2,250.00 2,725.00 Musical Office Furniture Others Total Equipment Equipment and fixtures £ £ £ £ £ 4,208.64 4,091.67 5,007.36 23,305.22 36,612.89 0.00 0.00 0.00 0.00 0.00 4,208.64 4,091.67 5,007.36 23,305.22 36,612.89 841.73 818.33 1,001.47 4,661.04 7,322.58 3,366.91 3,273.34 4,005.89 18,644.18 29,290.31 2022 2021 £ £ - - |
|---|---|
Debtors represents the balance amount to expected on pledges
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Charity registered number: 1029155
CHRIST FELLOWSHIP MISSION
(ALL NATIONS CHRISTIAN CENTRE)
8) Cash at Bank
| Balance In Banks 9) Creditors: amounts falling due within one year Accounting fees 10) Creditors: amounts due after one year ANCC Loan Account Long Term Loan |
267.29 267.29 - - 5,000.00 36,058.71 41,058.71 |
7,254.98 7,254.98 - - 5,000.00 46,707.15 51,707.15 |
|---|---|---|
11) Restricted funds
Restricted fund related to the church building fund which will serve as a permanent site for the church reserved for the purpose of securing a mortgage on a property
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