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￿ M￿10￿ (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 cHft￿r E£LLoWs￿P 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 cHR￿f 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 Tn￿tee$ 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 FELLows￿P 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 Q￿rIty registered number.. 1029155 cHR￿f FELLoWswp m￿loN (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 rernrnn*r￿*d pr3￿Ce have been followed: FlnancO315tstement5 ore prepared on a 8oln¢ twcern basls unl￿$ Ivs inappropAate to assume that the c￿rIty 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 cHR￿f F£LLOWs￿P m￿lON (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 act￿nts. Inde￿ndefit 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|| 9 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
-| 10 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**| |---|---|---| 11 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| |---|---|---| 12 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 13 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 14