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2021-01-31-accounts

1053064

CHARITY REGISTRATION NUMBER:

CHRIST HIGH COMMISSION INTERNATIONAL MINISTRIES

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2021

CHRIST HIGH COMMISSION INTERNATIONAL MINISTRIES

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2021

CONTENTS
REFERENCE AND ADMINISTRATIVE INFORMATION 1
REPORT OF THE TRUSTEES 2
INDEPENDENT EXAMINER'S REPORT 3
STATEMENT OF FINANCIAL ACTIVITY 4
BALANCE SHEET 5
NOTES FORMING PART OF ACCOUNTS 6

CHRIST HIGH COMMISSION INTERNATIONAL MINISTRIES REFERENCE AND ADMINISTRATIVE INFORMATION

REGISTERED OFFICE

River of Life Centre 12-38 Hatcham Road London SE15 1TW

TRUSTEES

Professor Mike Sonny - Chair Adewale Olawale Michael Ndebele Odunayo Oluwafemi Jean-Claude Zahui George Sowemimo

REGISTERED CHARITY NUMBER

1053064

ACCOUNTANTS

Rehoboth & Co 3F Berol House 25 Ashley Road Tottenham London N17 9LJ

CHRIST HIGH COMMISSION INTERNATIONAL MINISTRIES

TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31[ST] JANUARY 2021

Our charity concentrated on the core Christian objects that birthed its establishment in 1996. These include inter alia, spreading the good news of repentance, forgiveness of sins and salvation as well as relief of poverty through sharing the necessities of life among the needy.

The charity currently holds the lease to 12-38 Hatcham Road, Southwark London SE15 1TW property. We have used this premises for Christian religious activities and have taken good care and looked after this property over 17 years. In the last 17 years, Christ High Commission International Ministries has made considerable investment in upgrading and improving the buildings. The current lease was supposed to come to an end on 24 December 2019. The lease has however been extended by three years to expire on 31 December 2022. The joint venture with the developers fell through. However, we were to successfully to negotiate for inclusion in the plan to have the Church, Administrative and Marriage Registry included in the redevelopment plan which is going through approval process with Southwark Council now.

The Covid-19 pandemic and the mandatory lockdowns had adverse impact on our charity’s operations in the year. It affected all facets of our operations. We do hope for full recovery in the near future.

Signature and Declaration.

Declaration

I declare in my capacity as the Chair of the board of trustees, that

Signature

Dated: 18[th] October 2021

INDEPENDENT EXAMINER’S REPORT

TO THE TRUSTEES OF CHRIST HIGH COMMISSION INTERNATIONAL MINISTRIES

I report to the trustees on my examination of the accounts of the above charity (“the Trust”), charity number 1053064, for the year ended 31 January 2021 set out on pages 4-10.

Responsibilities and basis of report

As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145of the 2011Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Rehoboth & Co 25 Ashley Road London N17 9LJ 18[th] October 2021

3

CHRIST HIGH COMMISSION INTERNATIONAL MINISTRIES

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 2021

Unrestricted Restricted
Note
Fund
Fund
Incoming Resources
Voluntary income
3
25,023
-
Investment income
3
-
-
Incoming Resources from charitable activities
3
82,306
-
Total Incoming Resources
107,329
-
Resources Expended
Expenditure in furtherance of charitable objects
Charitable Activities
4
124,650
-
Governance costs
5
450
-
Total Resources Expended
125,100
-
Net Incoming Resources for the Year
(17,771)
-
Balances as at 1 February 2020
28,189
-
Balances as at 31 January 2021
10,418
-		 2021
Total
£
25,023
-
82,306
-
107,329
124,650
450
125,100
(17,771)
28,189
10,418		 2020
Total
£
3,985
41
200,525
-
204,551
212,941
450
213,391
(8,840)
37,029
28,189

The annexed notes form part of these financial statements

CHRIST HIGH COMMISSION INTERNATIONAL MINISTRIES BALANCE SHEET AS AT 31 JANUARY 2021

Notes
FIXED ASSETS
6
CURRENT ASSETS
Debtors
7
Cash at Bank
8
CREDITORS: Amounts falling due within
one year
9
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS: Amounts falling due after
one year
NET ASSETS
FUNDS
Unrestricted Fund
Restricted Fund		 £
£
3,161
-
7,707
7,707
450
7,257
10,418
-
10,418
10,418
-
10,418
2021		 £
£
-
-
28,639
28,639
450
28,189
28,189
-
28,189
28,189
-
28,189
2020		 £
£
-
-
28,639
28,639
450
28,189
28,189
-
28,189
28,189
-
28,189
2020
28,189
-
28,189
28,189
-
28,189

The annexed notes form part of these financial statement

CHRIST HIGH COMMISSION INTERNATIONAL MINISTRIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2021

1 ACCOUNTING POLICIES

(a) Basis of preparation of financial statements

These accounts have been prepared under the historical cost convention in accordance with Accounting and Reporting by Charities - Statement of Recommended Practice (SORP) and with the Financial Reporting Standard for Smaller Entities (FRSSE) and with the Charities Act 2011.

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies under the conditions of the FRSSE.

2 ACCOUNTING POLICIES

2.1 Incoming Resources

a) Recognition of incoming resources

These are included in the Statement of Financial Activities (SOFA) when:

the charity becomes entitled to the resources

the trustees are virtually certain they will receive the resources; and

the monetary value can be measured with sufficient reliability

b) Incoming resources with related expenditure

Where incoming resources have related expenditure, incoming resources and related expenditure are reported gross in the SOFA

c) Grants and donations

Donations, gifts, grants and fees are only included in the Statement of Financial Activities (SOFA) when the charity has unconditional entitlement to the resources. Donations arising under Gift Aid together with the tax recoverable thereon are

accounted for when received and provision made for tax unclaimed at the year end.

2.2 Expenditure and Liasbilities

a) Liability recognition

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. Resources expended are included in the Statement of financial Activities on an accruals basis, inclusive of any VAT that cannot be recovered.

b) Governance costs

This represents the cost of preparation and examination of statutory financial accounts and organising trustee meetings.

CHRIST HIGH COMMISSION INTERNATIONAL MINISTRIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2021

Unrestricted Restricted
3 INCOMING RESOURCES
Fund
Fund
Voluntary Income
Tithes and offerings
1,795
-
Covid furlough grant
23,228
25,023
-
Investment Income
Bank Interest
-
-
Incoming Resources from charitable activities
Income from community service activitie
82,306
82,306
-		 Unrestricted Restricted
3 INCOMING RESOURCES
Fund
Fund
Voluntary Income
Tithes and offerings
1,795
-
Covid furlough grant
23,228
25,023
-
Investment Income
Bank Interest
-
-
Incoming Resources from charitable activities
Income from community service activitie
82,306
82,306
-		 Unrestricted Restricted
3 INCOMING RESOURCES
Fund
Fund
Voluntary Income
Tithes and offerings
1,795
-
Covid furlough grant
23,228
25,023
-
Investment Income
Bank Interest
-
-
Incoming Resources from charitable activities
Income from community service activitie
82,306
82,306
-		 2021
£
1,795
23,228
25,023
-
82,306
82,306		 2020
£
3,985
-
25,023 - 3,985
- - 41
200,525
82,306 - 200,525

CHRIST HIGH COMMISSION INTERNATIONAL MINISTRIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2021

UnrestrictedRestricted
4
CHARITABLE ACTIVITIES
Fund
Fund
Staff cost
36,651
-
Leasehold costs
45110
-
Water
1,706
-
Postage, stationery and office costs
3,619
-
Light & heat
10,564
-
Telephone
3,788
-
Internet and website
762
-
Premises expenses: repairs, alarms, waste, cleanin
13,817
-
Motor expenses
1,009
-
Insurance
687
-
Travel
1,871
-
Education grants and training costs
-
-
Charitable donations and contributions
900
-
Professional fees
3,082
-
Accountancy Fees
-
Bank charges
30
-
Depreciation
1,054
-
124,650
-
5
GOVERNANCE COSTS
Trustees expenses
-
-
Independent examination
450
-
450
-		 UnrestrictedRestricted
4
CHARITABLE ACTIVITIES
Fund
Fund
Staff cost
36,651
-
Leasehold costs
45110
-
Water
1,706
-
Postage, stationery and office costs
3,619
-
Light & heat
10,564
-
Telephone
3,788
-
Internet and website
762
-
Premises expenses: repairs, alarms, waste, cleanin
13,817
-
Motor expenses
1,009
-
Insurance
687
-
Travel
1,871
-
Education grants and training costs
-
-
Charitable donations and contributions
900
-
Professional fees
3,082
-
Accountancy Fees
-
Bank charges
30
-
Depreciation
1,054
-
124,650
-
5
GOVERNANCE COSTS
Trustees expenses
-
-
Independent examination
450
-
450
-		 UnrestrictedRestricted
4
CHARITABLE ACTIVITIES
Fund
Fund
Staff cost
36,651
-
Leasehold costs
45110
-
Water
1,706
-
Postage, stationery and office costs
3,619
-
Light & heat
10,564
-
Telephone
3,788
-
Internet and website
762
-
Premises expenses: repairs, alarms, waste, cleanin
13,817
-
Motor expenses
1,009
-
Insurance
687
-
Travel
1,871
-
Education grants and training costs
-
-
Charitable donations and contributions
900
-
Professional fees
3,082
-
Accountancy Fees
-
Bank charges
30
-
Depreciation
1,054
-
124,650
-
5
GOVERNANCE COSTS
Trustees expenses
-
-
Independent examination
450
-
450
-		 2021
Total
£
36,651
45,110
1,706
3,619
10,564
3,788
762
13,817
1,009
687
1,871
-
900
3,082
-
30
1,054
124,650
-
450
450		 2020
Total
£
36,861
83,725
2,100
3,978
20,854
3,551
472
37,408
2,136
1,370
451
774
7,485
8,693
150
30
2,902
124,650 - 212,941
-
450		 -
-		 450
450 - 450

CHRIST HIGH COMMISSION INTERNATIONAL MINISTRIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2021

6 TANGIBLE FIXED ASSETS

Cost
As at 1 February 2020
Additions
As at 31 January 2021
Depreciation
As at 1 February 2020
For the year
As at 31 January 2021
Net Book Amounts
As at 31 January 2021
As at 31 January 2020		 Computers,
Equipment
& Furniture
£
21,832
4,215
26,047
21,832
1,054
22,886
3,161
-		 Total
2021
£
21,832
4,215
26,047
21,832
1,054
22,886
3,161
-

CHRIST HIGH COMMISSION INTERNATIONAL MINISTRIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2021

7
DEBTORS
8
BANK
Cash at Bank
9
CREDITORS
Amounts falling due within one year:
Accountancy Fees		 2021
-
-
7,707
7,707
450
450		 2020
-
-
28,639
28,639
450
450