REGISTERED CHARITY NUMBER: 1054716
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
FOR
PROTESTANT BAPTIST CHURCH WORKS & MISSION
Adams and Moore Chartered Certified Accountants Adams and Moore House Instone Road Dartford Kent DA1 2AG
PROTESTANT BAPTIST CHURCH WORKS & MISSION
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 to 10 |
| Detailed Statement of Financial Activities | 11 |
Adams and Moore Chartered Certified Accountants Adams and Moore House Instone Road Dartford Kent DA1 2AG
PROTESTANT BAPTIST CHURCH WORKS & MISSION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022
The Trustees present their report and financial statements for the year ended 31 December 2022. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and “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)” (as amended for accounting periods commencing from 1 January 2016)
Objectives and activities
The charity's objectives are the advancement of the Christian religion and the provision of welfare for those in need. There has been no change in these during the year.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Activities undertaken during the year included:
Providing help to people, including members, who request help. Supplying meals to the homeless visiting the Church after Sunday services. Arranging home visits to pray for sick by regular meeting in different Church houses. Providing help to the needy and encouragement to integrate fully in the community.
Achievements and performance Financial review
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The Trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
The reserves are maintained at a level sufficient to enable the Pastor to continue to administer and keep the Church open.
The Trustees has assessed the major risks to which the charity is exposed, and are satisfied those systems are in place to mitigate exposure to the major risks.
It is planned to acquire a building to function for the purposes of hosting services, programmes and other related charitable activities of the Church.
Structure, governance and management
The charity is a n unincorporated charity controlled by its governing document, a deed of trust.
The Trustees who served during the year and up to the date of signature of the financial statements were: Ms Eugenie Kouadio
Mr Harold Asse Mr Loseka Wangu Mr Charles Balou Mr Aboubakar Ouattara Ms Veronique Kei
The power to appoint new trustees, whose number shall not be limited, is vested in the serving or continuing trustees.
The church is administered by the trustees who are appointed by the members of the congregation. Throughout the year the congregation averaged sixty members. Day to day ecclesiastical matters are dealt with by the Pastor, Bediakon Nicolas.
The Trustees' report was approved by the Board of Trustees.
Page 1
PROTESTANT BAPTIST CHURCH WORKS & MISSION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1054716
Principal address Vauxall Gardens Community Center 5 Glasshouse Walk London SE11 5ES Trustees Ms E Kouadio H Asse C Balou Ms V Kei A Ouattara L Wangu
Independent Examiner Adams and Moore Chartered Certified Accountants Adams and Moore House Instone Road Dartford Kent DA1 2AG
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Ms E Kouadio - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PROTESTANT BAPTIST CHURCH WORKS & MISSION
Independent examiner's report to the trustees of Protestant Baptist Church Works & Mission
I report to the charity trustees on my examination of the accounts of Protestant Baptist Church Works & Mission (the Trust) for the year ended 31 December 2022.
Responsibilities and basis of report
As the charity trustees of the Trust, 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 145 of the Act and in carrying out my examination I have followed all 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 giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent 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.
Adams and Moore Chartered Certified Accountants Adams and Moore House Instone Road Dartford Kent DA1 2AG
Date: .............................................
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PROTESTANT BAPTIST CHURCH WORKS & MISSION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022
| 31.12.22 | 31.12.21 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| funds | funds | ||
| Notes | £ | £ | |
| INCOMING RESOURCES FROM | |||
| Voluntary income | 36,225 | 29,938 | |
| Investment income | 2 | 98 | 10 |
| Total | 36,323 | 29,948 | |
| RESOURCES EXPENDED ON | |||
| Costs of generating funds | 3 | 17,555 | 11,272 |
| Charitable activities | |||
| Charitable Activity | 14,194 | 6,611 | |
| Governance costs | 1,256 | 1,246 | |
| Total | 33,005 | 19,129 | |
| NET INCOME | 3,318 | 10,819 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 149,331 | 138,512 | |
| TOTAL FUNDS CARRIED FORWARD | 152,649 | 149,331 |
The notes form part of these financial statements
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PROTESTANT BAPTIST CHURCH WORKS & MISSION
BALANCE SHEET 31 DECEMBER 2022
| 31.12.22 Unrestricted funds Notes £ FIXED ASSETS Tangible assets 6 704 CURRENT ASSETS Debtors 7 5,626 Cash at bank and in hand 148,479 154,105 NET CURRENT ASSETS 154,105 TOTAL ASSETS LESS CURRENT LIABILITIES 154,809 ACCRUALS AND DEFERRED INCOME 8 (2,160) NET ASSETS 152,649 FUNDS 9 Unrestricted funds 152,649 TOTAL FUNDS 152,649 |
31.12.21 Total funds £ 666 1,300 148,445 149,745 149,745 150,411 (1,080) 149,331 149,331 149,331 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. E Kouadio - Trustee
The notes form part of these financial statements
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PROTESTANT BAPTIST CHURCH WORKS & MISSION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.
Accounting policy
Accounting Policy Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognized so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings & equipment 20% reducing balance.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognized in net income/(expenditure) for the year.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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continued...
PROTESTANT BAPTIST CHURCH WORKS & MISSION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
2. INVESTMENT INCOME
| Interest receivable COSTS OF GENERATING FUNDS Costs of generating voluntary income Direct Expense Rent of Hall |
31.12.22 Unrestricted funds £ 98 31.12.22 Unrestricted funds £ 10,500 7,055 17,555 |
31.12.21 Total funds £ 10 31.12.21 Total funds £ 9,914 1,358 11,272 |
|---|---|---|
3. COSTS OF GENERATING FUNDS
Costs of generating voluntary income
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.
continued...
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PROTESTANT BAPTIST CHURCH WORKS & MISSION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
| 5. TANGIBLE FIXED ASSETS COST At 1 January 2022 Additions At 31 December 2022 DEPRECIATION At 1 January 2022 Charge for year At 31 December 2022 NET BOOK VALUE At 31 December 2022 At 31 December 2021 6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors 7. ACCRUALS AND DEFERRED INCOME Accruals and deferred income 8. MOVEMENT IN FUNDS At 1.1.22 £ Unrestricted funds General fund 149,331 TOTAL FUNDS 149,331 |
31.12.22 £ 5,626 31.12.21 £ 2,160 Net movement in funds £ 3,318 3,318 |
Plant and machinery etc £ 5,398 215 5,613 4,732 177 4,909 704 666 31.12.21 £ 1,300 31.12.20 £ 1,080 At 31.12.22 £ 152,649 152,649 |
|---|---|---|
continued...
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PROTESTANT BAPTIST CHURCH WORKS & MISSION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
9. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 36,323 | (33,055) | 3,318 |
| TOTAL FUNDS | 36,323 | (33,055) | 3,318 |
Comparatives for movement in funds
| At 1.1.21 £ Unrestricted funds General fund 138,512 TOTAL FUNDS 138,512 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 29,948 TOTAL FUNDS 29,948 |
Net movement At in funds 31.12.21 £ £ 10,819 149,331 10,819 149,331 Resources Movement expended in funds £ £ (19,129) 10,819 (19,129) 10,819 |
|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.1.21 £ 138,512 138,512 |
Net movement in funds £ 14,137 14,137 |
At 31.12.22 £ 152,649 152,649 |
|---|---|---|---|
continued...
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PROTESTANT BAPTIST CHURCH WORKS & MISSION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
9. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 66,271 | (52,134) | 14,137 |
| TOTAL FUNDS | 66,271 | (52,134) | 14,137 |
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2022.
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PROTESTANT BAPTIST CHURCH WORKS & MISSION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022 |
||
|---|---|---|
| 31.12.22 | 31.12.21 | |
| £ | £ | |
| INCOMING RESOURCES | ||
| Voluntary income | ||
| Tithed giving | 36,225 | 29,938 |
| Investment income | ||
| Interest receivable | 98 | 10 |
| Total incoming resources | 36,323 | 29,948 |
| RESOURCES EXPENDED | ||
| Costs of generating voluntary income | ||
| Direct Expense | 10,500 | 9,914 |
| Rent of Hall | 7,055 | 1,358 |
| 17,555 | 11,272 | |
| Governance Costs | ||
| Accountancy fee | 1,080 | 1,080 |
| Depreciation of tangible fixed assets | 176 | 166 |
| Charitable activities | ||
| Travelling cost | 5,919 | 1,488 |
| Support costs | ||
| Management | ||
| General office expenses | 1,243 | 422 |
| Other costs | ||
| Volunteers contribution | 7,032 | 4,701 |
| Total resources expended | 33,055 | 19,129 |
| Net income | 3,318 | 10,819 |
This page does not form part of the statutory financial statements
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