**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**
- **Chairperson** : Rev. Judith Oronsaye
- **Other trustees** : Marie-Jeanne Arku Ms Aderonke Onakoya
- **Charity registered number** : 1029155
- **Register Office** : 15 York Hill London SE27 OBU
- **Independent Examiner** : Monica Ndaya-Lubanda 15 York Hill, London SE27 0BU Tel:07720131070
- **Banker** : NatWest Bank Pie Brixton Branch 504 Brixton Road SE9 8EB
**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:
- Suitable accounting policies are selected and then consistently applied.
- Judgements and estimates that are made are reasonable and prudent.
**Charity registered number: 1029155**
- Applicable accounting standards and statements of recommended practice have been followed.
- Financial statements are prepared on a going concern basis unless it's inappropriate to assume that the charity will continue its activities
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;
- Examine the account (under section 43(3)(a) of the 1993 Act)
- To follow the procedures laid down in the general directions given by
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;
- Which gives me reasonable cause to believe that in any material
- respect the requirements?
- To keep accounting records in accordance with section 41 of the 1993 Act and
- To prepare accounts which accord with the accounting records and comply with the
- accounting requirements of the 1993 Act have not been met or
- To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached
## **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