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2021-04-05-accounts

ETERNITY CHRISTIAN CENTRE NORWICH

ANNUAL REPORT

FOR THE YEAR ENDED 5 APRIL 2021

INDEX TO ACCOUNTS
Page
Legal and Administrative Details 1
Trustees’ Report 2 - 3
Independent Examiner’s Report 4
Receipts and Payments Accounts 5
Statement of Assets and Liabilities 6
Notes to the Accounts 7 - 8

ETERNITY CHRISTIAN CENTRE NORWICH

LEGAL AND ADMINISTRATIVE DETAILS

CHARITY REGISTRATION NUMBER 1054416

FOR THE YEAR ENDED 5 APRIL 2021

_______________

Address of Charity

Registered address: 171 Earlham Green Lane Norwich NR5 8RF

Tel: Norwich (01603) 457774

Trustees

Rev P A Venner (Chairman) Mrs J Venner Mr A Kpodo Mrs P Kpodo Mr D Devadoss

Treasurer

Mrs J Venner

Bankers

HSBC 18 London Street Norwich Norfolk NR2 1LG

Reporting Accountants

Adrian Smith Accountants Ltd 61 Freeland Close Thorpe Marriott Norwich Norfolk NR8 6XR

Page 1

ETERNITY CHRISTIAN CENTRE NORWICH

TRUSTEES’ REPORT

FOR THE YEAR ENDED 5 APRIL 2021

_______________

The trustees submit their report together with the financial statements for the year ended 5 April 2021.

Constitution and objects

Eternity Christian Centre Norwich (also formerly known as Earlham (Norwich) Christian Centre) was founded in 1991, the governing constitution adopted on 29 September 1993 and became registered as a charity on 9 April 1996 (registration number 1054416). The objectives of the charity are as follows:

Organisation

The trustees who have served during the year and since the year end are set out on page 1.

Review of activities and results

This financial year started with the worldwide church in lockdown and ended with the church still closed for the same reason – the COVID-19 pandemic.

It has been a very challenging year for Eternity Church but we are emerging from it with strength. We have had obstacles to negotiate but God has been faithful and our income, while down, has been such that we have never been unable to pay all our financial obligations. Finances started off strongly but did tail off and we are in the midst of a downward trend, but we believe God will remain faithful and the church members will remain financially committed. We did receive a lumpsum payment during this year which has also helped to keep us moving forward financially into the 2022 financial year.

This year sadly also saw the end of our long collaboration with Eternity Downham Market. They have always been a separate charity and decided at the beginning of 2020, for various reasons, that they would like to make their own way. The separation was amicable although understated due to the national lockdown that was in place when the collaboration came to an end in April 2020.

Due to the coronavirus lockdowns across the year and government rules in place, the Church Services have been pre-recorded and streamed online. We appointed an independent person to manage all live media and social media expressions which included creating and streaming the online services. Church Services have remained online only throughout the year, except for the month of October 2020 which also saw us meeting again in-person in the church building, albeit under strict social distancing rules. This was a tentative trial which only lasted 1 month due to another national lockdown in November 2020. Subsequent to that we decided to keep the church in-person services closed until further notice. Although the government allowed places of worship to open under strict guidelines we felt that attendance would be poor and the risk to people’s health too great, due to a surge in covid-19 cases across the UK. We await to see how the national vaccination programme unfolds, with a view to re-opening in the Spring or early summer of 2021.

Our children’s work (KidzRock) went online until September 2020 but has not been able to restart since then.

Page: 2

ETERNITY CHRISTIAN CENTRE NORWICH

TRUSTEES’ REPORT (Continued)

FOR THE YEAR ENDED 5 APRIL 2021

_______________

We have seen our global reach increase hugely and people have tuned in from all around the world to our online Sunday services and Pastor Paddy’s daily live-stream.

Connect Groups, Destiny, Fuel students, Men’s Group, Ladies Group have continued to meet throughout the year via online formats. There was also a period over the summer months of 2020 when lockdown rules were eased and the congregation and small groups were able to meet up in public spaces outdoors. We had 3 church ‘socially-distanced’ picnics. These were well attended and it was wonderful to be able to talk to each other in-person. Sadly this stopped again in the autumn due to further government lockdowns which were in place until at least the end of this financial year.

Discipleship School was successfully run online via Zoom twice during this year.

We said goodbye to Matt Gardiner from the Visionary Team and we appointed Davidson Devadoss to the Visionary Team.

Church will not be the same again and we now await God’s revelation for His way forward as churches start drawing up plans to commence in-person services again.

We choose to praise Him and remain steadfast throughout.

Freehold property

The freehold premises, Eternity Christian Centre Norwich, Earlham Green Lane, Norwich, is owned by the Church, with Assemblies Of God Property Trust as the holding trustee. A professional survey and commercial valuation value of the property was last attained in 2019.

Risk Management

The trustees monitor risks on an ongoing basis, this includes identifying the likelihood of risk events occurring and their possible impact on the charity. They consider how the current systems of internal control might be further enhanced to mitigate major risks.

Reserves Policy

Where possible and feasible, it is the charity’s policy to maintain unrestricted funds in savings that equate to 2 or 3 months of anticipated resources expended. At this level the trustees feel that they would be able to continue the current activities of the charity in the short term, in the event of a significant drop in funding.

Rev P A Venner Chairman

_________ Rev A Kpodo Trustee

Page: 3

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF

ETERNITY CHRISTIAN CENTRE NORWICH

FOR THE YEAR ENDED 5 APRIL 2021

_______________

We report on the accounts of the charity for the year ended 5th April 2019, which are set out on pages 5 to 9.

Respective responsibilities of trustees and examiner

As the charity’s trustees you are responsible for the preparation of the accounts, you consider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act) does not apply. It is our responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 43 (7)(b) of the Act, whether particular matters have come to our attention.

Basis of independent examiner’s report

Our 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 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 we do not express an audit opinion on the view given by the accounts.

Independent examiner’s statement

In connection with our examination, no matter has come to our attention:


Adrian Smith Accountants Ltd 61 Freeland Close Thorpe Marriott Norwich Norfolk NR8 6XR

Page: 4

ETERNITY CHRISTIAN CENTRE NORWICH
RECEIPTS AND PAYMENTS ACCOUNTS
FOR THE YEAR ENDED 5 APRIL 2021
_______________
General Fund Total Total
(Unrestricted) (Restricted) 2021 2020
Notes
Income Receipts
Donations,legacies and other similar receipts 2 £106,743 £0 £106,743 £94,798
Operatingactivities 3 £20,775 £0 £20,775 £28,364
Investment Income £8 £0 £8 £0
Total receipts £127,526 £0 £127,526 £123,162
Resources expended
Charitable activities 4 £106,846 £0 £106,846 £117,907
Management and Administration 5 £4,744 £0 £4,744 £5,244
Totalpayments £111,590 £0 £111,590 £123,151
Net receipts/(payments)for
thisyear £15,936 £0 £15,936 £11
Cash and bank balances at
5 April 2020 -£7,686 £27,148 £19,462 £19,451
Cash and bank balances at
5 April 2021 £8,250 £27,148 £35,398 £19,462
Page 5
ETERNITY CHRISTIAN CENTRE NORWICH
STATEMENT OF ASSETS AND LIABILITIES AT 5 APRIL 2021
______________
Monetary Assets 2021 2020
General Fund
Bank and cash balances
Bank current account £4,489 £6,288
Savings Account £30,909 £13,174
Total cash and bank balances at 5 April 2021 £35,398 £19,462
Other assets
Church building- owned bythe charity- Assemblies of God Property
Trust are the holdingTrustees. £825,000 £825,000
Furniture and equipment in Church building (costs unknown)
Liabilities
General Fund £ NIL £ NIL
Page: 6
ETERNITY CHRISTIAN CENTRE NORWICH ETERNITY CHRISTIAN CENTRE NORWICH
NOTES TO THE ACCOUNTS
YEAR ENDED 5 APRIL 2021
___________ ________
2 Donations, Legacies and other similar receipts
Unrestricted Restricted Total Total
Funds Funds 2021 2020
General Fund
General Offerings £27,196 £0 £27,196 £23,388
Gift Aided Offerings £63,089 £0 £63,089 £50,572
Gift Aid Refund £16,457 £0 £16,457 £15,493
Interest Received £0 £0 £0 £28
Special Offerings £0 £0 £0 £5,316
Missions £0 £0 £0 £0
£106,743 £0 £106,743 £94,798
3 Operating activities to further Charity’s objects
Unrestricted Restricted Total Total
Funds Funds 2021 2020
General Fund
EternityDownham Market - contribution to expense s
£0
£0 £0 £3,000
EternityDownham Market - contribution to staff £4,683 £0 £4,683 £25,096
Training £90 £0 £90 £0
Sundries £16,003 £0 £16,003 £0
Special Events £0 £0 £0 £268
CD's £0 £0 £0 £0
£20,775 £0 £20,775 £28,364
Page: 7
ETERNITY CHRISTIAN CENTRE NORWICH ETERNITY CHRISTIAN CENTRE NORWICH
NOTES TO THE ACCOUNTS(CONTINUED)
YEAR ENDED 5 APRIL 2021
______________
4 Charitable activities Unrestricted Restricted Total Total
Funds Funds 2021 2020
General Fund
Bank Charges £237 £0 £237 £64
Catering (Supplies & Food) £192 £0 £192 £1,749
Centre Maintenance and RunningCosts £7,549 £0 £7,549 £7,684
Cleaning £1,120 £0 £1,120 £3,739
Computer Software,Consumables and Website Costs £1,046 £0 £1,046 £0
Equipment & Furniture Purchased £1,534 £0 £1,534 £1,349
Insurance £1,584 £0 £1,584 £1,506
Lighting,Heatingand Water £1,902 £0 £1,902 £2,426
Manse Rent £12,000 £0 £12,000 £12,000
Ministry £403 £0 £403 £300
Missions £4,379 £0 £4,379 £3,831
Music,Media and Online Church Service Costs £7,674 £0 £7,674 £1,198
Pastor expenses £172 £0 £172 £1,237
Printing £114 £0 £114 £453
Special Events £18 £0 £18 £1,304
Special Gifts £0 £0 £0 £0
Stationery £489 £0 £489 £648
Staff and Pensions £60,981 £0 £60,981 £70,595
Students £60 £0 £60 £120
Sundries £2,487 £0 £2,487 £1,909
Telephone £1,981 £0 £1,981 £1,784
Training& Conferences £602 £0 £602 £1,360
Travel £208 £0 £208 £2,388
Youth/Children(Sunday) £114 £0 £114 £261
£106,846 £0 £106,846 117,907
5 Management and Administration Unrestricted Restricted Total Total
Funds Funds 2021 2020
General Fund
Independent examiner’s fees £190 £0 190 £180
AOG Contribution £2,880 £0 2,880 £2,860
Payroll Services £864 £0 864 £792
Subscriptions & Licences £810 £0 810 £1,412
£4,744 £0 4,744 5,244
Page: 8