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2023-10-31-accounts

Charity registered number: 1029155

CHRIST FELLOWSHIP MISSION (ALL NATIONS CHRISTIAN CENTRE) TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2023

Charity registered number: 1029155

Table of Contents

1. Administrative Information ............................................................................... 3
2. Trustees Report for the year ended 31st October 2023 ................................. 4
3. Review Of transactions and financial position ............................................... 5
3.1.
Reserve Policy ........................................................................................................ 5
3.2.
Statement of trustees' responsibilities for the preparation of financial
statements .......................................................................................................................... 5
4. Independent Examiner's Report ....................................................................... 7
4.1.
Respective responsibilities of trustees and examiner ....................................... 7
4.2.
Basis of the independent examiner's report ....................................................... 7
4.3.
Independent examiner's statement ...................................................................... 7
5. Statement of financial activities ....................................................................... 8
6. Balance Sheet .................................................................................................... 9
7. Note to the financial statements .................................................................... 10

Charity registered number: 1029155

1. Administrative Information

Charity registered number: 1029155

2. Trustees Report for the year ended 31st October 2023

The trustees present their financial statements for the year ended 31st October 2023.

General Community Work Support : We continue to provide an opendoor policy to the community and throughout this year we were able to provide support with housing, financial issues, mental health support, general health and a listening 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, home 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 community. We continue to liaise with the community police to see how we can engage more to meet the heart felt need of the youth in the community.

Young eagles music project: Music school for the kids, every Saturday they would come to the Church and be taught the Piano or Drums. We purchased several keyboards and an additional drum kit to facilitate their learning.

Kids Saturday Bible Workshop: Every Saturday from 10-12 the kids attended bible school where every week we educated them on different aspect of Christianity. This included activities such as storytelling, song, role play, dancing and games. The children thoroughly enjoyed this and we found ourselves having so many questions from the children than time allocated for the Saturday workshop.

Mission outreach - Travelled to the rural villages in Nigeria and provided disadvantaged adults and children with necessary supplies including clothing, stationary, toothbrushes, toiletries, reading glasses food stuffs etc. Our partnership with In-kind Direct made it easier to distribute a large bill of supplies. We also hosted a 3-day Crusade spreading words of comfort, inspiration 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. Our Trustees and Management team continues to be strong and supportive and this has enable us to achieve many of the plans we set out for the year.

Charity registered number: 1029155

Our Sunday weekly worship has continued unabated although we have had to continue also

with online midweek meetings as many now prefer to attend via zoom that was introduced as a result of the covid era.

3. Review Of transactions and financial position

During the year, donation, sundry creditors and gift received totalled £116,277.27 the donations and gifts received have been made available without restriction as to its usage.

The balances on the charity's fund are unrestricted. These will be used to fund the charity's objectives during the new financial year. The trustees confirm that the charity's assets are available and adequate to enable it to fulfil its obligations

3.1. Reserve Policy

Freely available reserves are a pool of unapplied resources available to meet future demands on the charity's resources. This is "general purpose money that can be spent on any of the purposes of the charity. Free reserves of the charity are represented by its unrestricted funds less the net book value of its assets, as at 31st October 2023.

Reserves are required to ensure the charity can meet its general business commitments

3.2. Statement of trustees' responsibilities for the preparation of financial statements

Charity law requires the trustees to prepare their financial statements which show a true and fair view of the state of the charity affairs as at the year end and of the resources received and expended by the charity for the year ended.

In order to meet this requirement, the trustees must be satisfied that:

Charity registered number: 1029155

The Trustees are responsible for ensuring that proper books are maintained, for safe guiding the assets of the charity, and taking reasonable steps for the prevention and detection of fraud and other irregularities. The Board has reviewed the effectiveness of the system of internal control and there are no material weaknesses that would have resulted in losses, contingencies and uncertainties that require a separate disclosure in these accounts

Rev. Judith Oronsaye – 31/08/2023

Rev. Judith ORONSAYE (Aug 31, 2024 20:27 GMT+1)

Charity registered number: 1029155

4. Independent Examiner's Report

We report on the accounts for the year ended 31st October 2023, which are set out from pages 8

4.1. Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the account It is our responsibility to;

the

commissioners (under section 43(7)(b) of the 1993 Act)

4.2. Basis of the independent examiner's report

My examination was carried out in accordance with the General Directions given by the charity. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters.

The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

4.3. Independent examiner's statement

In connection with my examination, no matter has come to my attention;

Monica Ndaya-Lubanda MAAT

31-08-2024

CHRIST FELLOWSHIP MISSION (ALL NATIONS CHRISTIAN CENTRE)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST OCTOBER 2023

Note
Incoming resources
Incoming resources from gerated
Voluntary income
2
Total Incoming resources
Resources expended
Cost of Charitable activities
3
Fundraising trading costs
Governance costs
4
Other resources expended
5
Other Income (i.e Gift Aid, Church Equipment)
Total resources expended
Net incoming resources before transfers
Total funds carried forward
Total funds
Net movement in funds		 Unrestricted
funds
£
116,277.27
-		 31/10/2022
Total funds
£
116,277.27
93,438.00
R
31/10/2022
Total funds
£
£
-
-
116,277.27
87,343.15
-
9,459.18
16,720.56
113,522.89
-		 116,277.27
93,438.00
87,343.15
79,988.58
-
-
9,459.18
10,627.26
16,720.56
2,250.00
-
-
113,522.89
92,865.84
2754.38
2,754
572.16
572.16
-
-
-
2,754.38
2,754
35,955.99
35,955.99
572.16

CHRIST FELLOWSHIP MISSION (ALL NATIONS CHRISTIAN CENTRE) BALANCE SHEET AS AT 31ST OCTOBER 2023

Note
Fixed assets
Tangible assets
6
Current assets
Unlisted Investments
Other debtors
7
Cash at bank
8
Creditors: amounts falling due within
one year
9
Net current assets
Creditors: amounts due
after one year
10
Total assets less current liabilities
Net assets
Funds
Unrestricted funds
Restricted funds
11
Previous year restricted funds adj.
Total funds		 f
Unrestricted
31/10/2023
31/10/2022
funds
Total funds
Total
£
£
21,967.73
21,967.73
29,290.31
395.80
395.80
267.29
21,967.73
21,967.73
29,290.31
-
-
-
-
-
-
395.80
395.80
267.29
395.80
395.80
267.29
30,410.27
30,410.27
41,058.71
-8,046.74
-8,046.74
11,501.11
-8,046.74
11,501.11
11,501.11
3,454.36
35,955.99
35,383.83
-11,501.10
47,457.10 -
43,223.12
-8,046.74
11,501.11 -
7,839.29

CHRIST FELLOWSHIP MISSION

(ALL NATIONS CHRISTIAN CENTRE)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST OCTOBER 2023

Notes to the Accounts

For the year ended 31st October 2023

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 Depreciation 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
2023 2022
2) Voluntary income £ £
Tithe, Offerings and Thanksgiving 116,277.27 93,438.00
Other Donations
Total 116,277.27 93,438.00
Other Income
Gift Aid - -
Bank Interest - -
Church Equpiment - -
- -
Total Incoming Resources 116,277.27 93,438.00

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
£
2022
£
1,945.00
2,350.00
37.95
9,600.00
-
-
4,395.13
1,219.00
1,329.68
940.00
427.35
458.11
1,453.38
-
738.95
200.00
1,627.15
850.00
4,207.89
894.12
733.70
1,073.85
2,818.17
560.00
199.96
600.00
1,964.60
-
57,280.00
48,000.00
7,941.32
8,300.51
199.96
236.02
1,331.45
950.00
2,524.29
600.00
850.00
750.00
1,850.71
900.00
1,100.00
587.97
548.43
660.00
1,744.00
-
-
259.00
97,249.07
79,988.58

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
Total
6)
Tangible fixed assets
Musical
Office
Equipment
Opening NBV
£
£
At 01/11/2021
4,091.67
Additions
0.00		 Others
Total
£
£
23,305.22
36,612.89
0.00
0.00
2,136.61
-
3,620
7,322.57
1,615.00
1,689.68
-
7,322.58
4,218.64
-
13,079.18
3,103.64
1,115.00
Furniture
and
fixtures
£
5,007.36
0.00
2,250.00
-
10,627.26
700.00
1,550.00
Total
4,091.67		 23,305.22
36,612.89
5,007.36
818.33
818.33
Less depreciation
Accumulated depreciation
Depreciation charge for year
Net Book Value		 4,661.04
7,322.58
4,661.04
7,322.58
1,000.47
1,001.47
Balance at 31/10/2022
2,455.01		 13,983.14
21,967.73
3,005.42
7)
Other Debtors		 2023
£
2022
£

Debtors represents the balance amount to expected on pledges

CHRIST FELLOWSHIP MISSION (ALL NATIONS CHRISTIAN CENTRE)

Balance in bank
Accounting fees
10)
Creditors: amounts
due after one year
ANCC Loan Account
Long Term Loan
8)
Cash at Bank
9)
Creditors: amounts falling due within one year		 395.80 267.29
3,620
5,000.00
36,058.71
5,000.00
25,410.27
30,410.27
41,058.71

CHRIST FELLOWSHIP MISSION-2023

Final Audit Report

2024-08-31

Created: 2024-08-31 By: MNL Bookkeeping Services (info@mnlbookkeepingservices.com) Status: Signed Transaction ID: CBJCHBCAABAA2S3VTuz-6MV_NvqdQAu6yPtKxshazsFz

"CHRIST FELLOWSHIP MISSION-2023" History

Document created by MNL Bookkeeping Services (info@mnlbookkeepingservices.com) 2024-08-31 - 7:08:05 PM GMT

Document emailed to reverendjoronsaye@me.com for signature

2024-08-31 - 7:08:09 PM GMT

Email viewed by reverendjoronsaye@me.com

2024-08-31 - 7:24:18 PM GMT

Signer reverendjoronsaye@me.com entered name at signing as Rev. Judith ORONSAYE 2024-08-31 - 7:27:17 PM GMT

Document e-signed by Rev. Judith ORONSAYE (reverendjoronsaye@me.com) Signature Date: 2024-08-31 - 7:27:19 PM GMT - Time Source: server

Agreement completed.

2024-08-31 - 7:27:19 PM GMT