THE ASSEMBLY OF GOD KING’S CHRISTIAN CENTRE KING WILLIAM STREET SWINDON WILTSHIRE
REGISTERED NUMBER 1050649
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2022
THE ASSEMBLY OF GOD
TRUSTEES’ REPORT FOR THE YEAR ENDED TO 31ST OCTOBER 2022
The trustees present their report and the financial statements for the year ended 31st October 2022.
The charity’s principal activities comprise Church activities and the advancement of the Christian faith. Its charity registered number is 1050649.
Review of Results
The charity benefits from generous offerings from various individuals and these funds have been applied to furthering the Church’s objects.
Risk Assessment
Risk assessment is an ongoing management process within the Church although no significant areas of risk have so far been identified which may prove detrimental to the principles and values of the charity.
Trustees
The following served as trustees of the charity during the year: Clive Kevin Loveday Ewen William Malcolm Macqueen
Dr. Olaniyi Benjamin Olaniyan Peter Osei
Public Benefit
The Charity’s aims as stated to the Charity Commission are the advancement of the Christian faith. These objects are pursued without reference to gender, social class or any other criteria.
We have referred to the guidance in the Charity Commission’s general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular our achievements demonstrate how planned activities have benefited the public.
Trustees’ Responsibilities
Charity law requires the trustees to prepare financial statements which give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period. In preparing those financial statements, the trustees are required to:
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Select suitable accounting policies and then apply them consistently;
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Make judgements and estimates that are reasonable and prudent;
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Follow applicable accounting standards, subject to any material departures disclosed and explained in the financial statements;
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
On Behalf of the Trustees
Dated 4th February 2023
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THE ASSEMBLY OF GOD
INDEPENDENT EXAMINER’S REPORT
To the trustees of The Assembly of God.
Respective responsibilities of Trustees and Examiner
The Trustees’ responsibilities for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) are set out in the Statement of Trustees’ Responsibilities.
You consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under Sect:
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Examine the financial statements under section 145 of the 2011 Act;
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To follow the procedures laid down in the General Directions given by the Charity
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Commission under section 145(5)(b) of the 2011 Act; and
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To state whether particular matters have come to my attention.
Basis of Independent Examiner’s Report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and the seeking of 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 no opinion is given as to whether the financial statements present a “true and fair view” and the report is limited to those matters set out in the statement below.
Independent Examiner’s Statement
In connection with my examination, no matter has come to my attention:
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(1) which gives me reasonable cause to believe that, in any material respect, the requirements:
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to keep accounting records in accordance with Section 130 of the 2011 Act; and
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to prepare financial statements which accord with the accounting records and to comply with the accounting requirements of the 2011 Act
have not been met; or
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(2) to which., in my opinion, attention should be drawn in order to enable a proper understanding of
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the financial statements to be reached.
Chris Vaughan Accountants 195 Ermin Street Stratton St Margaret Swindon SN3 4NA 4th February 2023
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THE ASSEMBLY OF GOD
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST OCTOBER 2021
| Note | |||
|---|---|---|---|
| 2022 | 2021 | ||
| 12 months | 12 months | ||
| Unrestricted | Unrestricted | ||
| Funds | Funds | ||
| General | General | ||
| Incoming Resources | |||
| Donations and Gifts | 2 | 63210 | 76553 |
| Investment Income | 27 | 34 | |
| ____ | ____ | ||
| Total Incoming Resources | £63237 | £76587 | |
| Resources Expended | 2 | ||
| Gospel Ministry | £64216 | £60188 | |
| Net Income/Expenditure for the Year | (979) | 16399 | |
| Fund Balance Brought Forward | 572035 | 555636 | |
| _____ | _____ | ||
| Fund Balance Carried Forward | £571056 | £572035 |
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THE ASSEMBLY OF GOD
BALANCE SHEET AS AT 31ST OCTOBER 2022
| Note | ||||||
|---|---|---|---|---|---|---|
| 2021 | ||||||
| TANGIBLE FIXED | ASSETS | 3 | 689765 | 689833 | ||
| CURRENT ASSETS | ||||||
| Cash at Bank and in | Hand | 23898 | 35569 | |||
| Debtors | 4 | 233 | 22 | |||
| £24131 | £35591 | |||||
| CREDITORS: Amounts falling due | ||||||
| within one year | 5 | £9479 | £8902 | |||
| NET CURRENT ASSETS | 14652 | 26689 | ||||
| _____ | _____ | |||||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 704417 | 716522 | ||||
| CREDITORS: Amounts falling due | ||||||
| after more than one year | 6 | (133361) | (144487) | |||
| _____ | _____ | |||||
| TOTAL ASSETS LESS CURRENT LIABILITIES | £571056 | £572035 | ||||
| RESERVES | ||||||
| Unrestricted Funds | 571056 | 572035 | ||||
| _____ | _____ | |||||
| £571056 | £572035 |
Approved by the Board on 4th February 2023
M. Macqueen
………………………………… Trustee
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THE ASSEMBLY OF GOD
NOTES TO THE FINANCIAL STATEMENTS
1. ACCOUNTING POLICIES
- a) Basis of Accounting
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared 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 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charites Act 2011. The financial statements have been prepared under the historical cost convention.
- b) Voluntary Income
Voluntary income is received by way of donations and grants and is included in full in the income and expenditure account when received.
- c) Donations in Kind
The charity is fortunate in the level of support it receives from its volunteers. Without this voluntary support, considerable expense would be incurred. It is not thought meaningful or practicable to put a monetary value on the support but the committee is grateful to those who provide it.
- d) Depreciation
Depreciation is not provided on the charity’s freehold property as the building is kept in a good state of repair and its value is considered to exceed its cost.
Deprecation is provided on Furniture and Fixtures at 25% Reducing Balance Method.
- e) Restricted and Unrestricted Funds
The financial statements distinguish between restricted and unrestricted funds. The former are received from donors and are subject to restrictions on the purposes for which they may be used. Unrestricted funds are those where there are no externally imposed restrictions. They include those freely available to the charity for expenditure or appropriation to reserves for internally designated purposes.
f) Reserves
The trustees have resolved that reserves be established at a level sufficient to meet the immediate running costs of the charity’s activities and this has largely been achieved.
| 2. |
2021 INCOMING RESOURCES AND RESOURCES EXPENDED Incoming Resources Donations and Gifts £63210 £76553 Resources Expended Gospel Ministry: Salaries 23672 25455 Premises Costs 4472 4327 Insurance 1062 1227 Office Costs 453 350 Repairs and Renewals 4777 2974 Donations and Gifts 16739 15866 Headquarters 2337 2337 Youth Programme 978 1400 Bank Charges and Interest 7154 5063 Miscellaneous Expenses 2504 1141 Depreciation 68 48 £64216 £60188 |
|---|---|
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THE ASSEMBLY OF GOD
NOTES TO THE FINANCIAL STATEMENTS
3.TANGIBLE FIXED ASSETS
| Total Cost At 1st November 2021 £697393 Depreciation Cumulative to 1st November 2021 7560 Charge for Year 68 £7628 Net Book Amount At 31st October 2022 £689765 At 31st October 2021 £689833 |
Freehold Property £689561 _ £- £689561 £689561 |
Furniture And Fixtures £7832 7560 68 £7628 £204 £272 |
|---|---|---|
The charity’s bank loan is secured on the charity’s freehold property.
| The charity’s bank loan is secured on the charity’s freehold property. | ||||
|---|---|---|---|---|
| 4. 5. 6. 7. |
DEBTORS Prepayments CREDITORS:Amounts falling due within one year Bank Loan Taxation ad Social Security Costs CREDITORS:Amounts falling due after more than one year Bank Loan £ CONTROL |
£233 9000 479 £9479 133362 £ |
2021 £22 8000 902 £8902 144487 |
2021 |
| £22 8000 902 |
||||
| 8902 | ||||
The charity is controlled by its Board of Trustees. No individual exercises overall control.
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