**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 - 1 - ## **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 - the trustees have approved the report above; and - have authorised me to sign on their behalf: Signature Dated: 18[th] October 2021 - 2 - ## **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 - 4 - ## **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 - 5 - **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. - 6 - **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**| - 7 - **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**| - 8 - **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| |||-| - 9 - **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| - 10 -