Charity no. 1072107 CHURCH OF GOD EVANGELISM (HARLESDEN) Report and Financial Statements Year ended 31ST December 2023 Impact Financials Regus 15th Floor Brnnel House 2 Frtzalan Road Cardiff CF24 OEB
CHURCH OF GOD EVANGELISM (HARLESDEN) Report of the trustees for the year ended 31" December 2023 The trustee5 present their annual report and financial ststements of the charity for the year ended 31 December 2023. The financial statement5 have been prepared in accordance with the accounting policie5 set out in note I to the accounts and comply with the charity's trust deed, the Charities Act 2011 and the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities. Objective5 and activities for the public benefit The purpose5 of the trust continue to be the propagation of the Christian faith, the relief of the poor and becoming relevant in the community. The trustees confirm thatthey have referred to the Charity Commission's guidance on public benefit and. in particular, the specific guidance on charities for the advancement of religion. The charity benefits the public by having separate strategies aimed at those who do not have a relationship with Jesus Christ and those who have already accepted Jesus Christ as their Saviour and Lord. Non believers are targeted by variou5 Outreach attivities based either in the local communty or further afield. FOT believers. the trustees endeavor to create an environment where a person's faith can be irKreased and matured by access to: Regular biblical teaching Provision of pastoral works Praise, worship and prayer meetings Visiting and praying forthe sick and infirmed A rev*w ot(wr achievement5 and performance Even (luringthese challenging financial tirnes. we have continued to 5UPPOrt members of the youth in our community together with 2 pastors. Page I
CHURCH OF GOD EVANGELISM (HARLESDEN) Report of the trustees for the year ended 31" December 2023 Financial review The work of the trust is entirely dependent on the voluntary offerings of people attending the various meetings that have taken place. The income for the year was £110.406 (2022 - £144,5411. This include5 amounts received under the Gift Aid system. Risk Management a. Financial This includes a serious decrease in the amount of income reiVed and thereby causing the trust to be unable to meet its financial commitments. This has been mitigated by the trust receiving regular up to date financial infomiation to enable the trustees to plan accordingly. b. Reputational The most important element to proterting our reputation is the frdct that our governance is in ChrisL As a result, our trustees, being followers of Christ, are subject to strong morals and ethics which in tUTn greatly reduces damages caused by improprieties. Personal lifestyles are guided by the Charivs code of condurt. There is a common shared value and understanding of our collective need to fulfil for the progress of the charity which in ttjm engenders unty for the cause. Reserves policy The trustees aim to maintain free reseNes in unrestricted funds at a level which equates to approximately three months of unrestricted charitable expenditure. The trustee5 consider that this level will provide Sufficient funds to enable financial commttments to be rnet and also eive them enough time to VIeW and revise ongoing commitments should a long term decrease in income be recognised. There were no unrestritted reserves as at 31 December 2023 after allowing for fund5 ki%¢ up in tangible fixed asset5. 3 months average unrestricted charitable expenditure 15 £28,5(Kl. The current level of reserves is therefore not adequate as per the above policy and the trustees are taking measures to rectify the situation. Page 2
CHURCH OF GOD EVANGELISM (HARLESDEN) Report of the trustees for the year ended 31" December 2023 Plans for the future In 2024. we plan to continue our youth work with the development of a Social Youth Club Hub and also continue to feed the homeles5 and those in need. Structure governance and management The trust is a registered charity, number 1072107 and is constituted under a Trust Oeed dated 25th June 1998. The trust does not raise funds from the public and seeks to continue its charitable works through the careful stewardship of the donations from members. Regular meetings of the trustees take place with additional communication between meetings. Regular topics of discussion include the way forward, the level of reserves. the financial position and risk management policies. The day to day leading of the charity is delegated to Bishop Buchanan. New tTUStees are chosen from the membership after showing continuous integrty and faithfulness to the charity. Before accepting the position, the potential trustee is given copies of the Trust Deed, previous financial statements and meets with the existing trustees for an overview of plans of the charity for the future. Any training requests are quantified and arrange a necessary. Key management personnel remuneration The trustees consider the board of trustees as cornprising the key management personnel of the charity and are in charge of directing and controlling the charity. All trustees give their time freely and no trustee remuneration was paid in the year. Related party transactions are shown in note 11. Trustees are required to disclose all relevant interests and are required to withdraw from decision5 where a conflict of interest arises. Page 3
CHURCH OF GOD EVANGEUSM (HARLESDEN) Report of the trustees forthe year ended 31" Dttember 2023 Reference and admlnistrative jnftirnthon Bishop E Buchanan Mrs L Buchanan M Angol Ms B Beaufoung Mrs Yvonne John50n-Flaherty pri•paI offi Unit 3 Unimix House Abbey Road Park Royal London NWIO 7TR Independent Examlner George A Kitcher FCA Regus IP Floor, Brunel House Cardiff CF24 OEB Lloyds Bank PIC Page 4
CHURCH OF GOD EVANGELISM {HARLESDEN) Report of the trustees for the year ended 31. Dember 2023 Trustees. responsibilities in relation to the financial statements The charity trustees are responsible for preparing a trustees, annual report and financial statements in accordance wvth applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Prattice). The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements in each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing the financial statements, the trustees are required to: Selert suitable accounting policies and then apply them consistently; Observe the methods and principles in the applicable Charities SORP; Make judgments and estimates that are reasonable and prudent: State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements," ppare 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 that disclose with reasonable accuracy at anytimethe fjnancial position of the charity and ti)enable them to ensurethatthe financial statements comply with the Charities Act 2011. the applicable Charities (Accounts and Reports) Regulations and the provisions of the Trust Deed. They are a150 responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detertion of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charivs website. Legislation in the United Kingdom governing the preparation and dissemination of financial information may differ from legislation in other jurisdictions. Approved by the trustees on I I I I I I Z<k and Signed on their behalf by i Fl OL B LJ 4-/Kj,¥kj Page 5
CHURCH OF GOD EVANGELISM (HARLESDEN) Report of the trustees for the year ended 31" Dernber 2023 Independent Examinerfs report to the Trusteés of CHURCH OF GOD EVANGELISM IHARLESDEN) st I report on the accounts for the trust for the year ended 31 Dember 2023 which are set out on page5 8tol4. Respettive responsibilities of trustees and examiner The chariV5 trustees are responsible for the preparation of the accounts. The charity trustees consider that an audit is not required under section 144 of the Charities Art 20119the Charitie5 Act) and that an independent examination is needed. It is my responsibility to". Examine the accounts under section 145 of the Charities Act: Follow the procedures laid down in the General Directions given by the Charity Commission under settion 145{5){b) of the Charities Act, and To state whether particular matters have come to my attention. Basis of independent examinerfs report My examination was carried out in accordance with the General direction 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 3150 includes consideration of any unusu?1 items or disclosures in the accounts. and seeking explanations from you as trustees on any such matters. The procedures undertaken do not provide all the evidence that would be required by an audit, and consequently no opinion is given as to whether the accounts present a true and fairf. view and the report is limTted to those matters set out in the statetnent below. Independent examinerfs Statement In connection with my examination, no matter has come to my attention= (l) Which gives me re350nable cause to believe that in any material respect the requirements
to keep accounting records in accordance with Section 130 of the Charities act. and
to prepare accounts which accord with the accounting records and to comply with the
accounting requiTements of the Charities Att Page 6
CHURCH OFGOD EVANGEUSM {HARLESDEN) Reyt of the trustees for the ar ended 31° December 2023 have not been m¢ or (2) To which, in my opinion. attention should be drawn in order to enable a proper understanding of the accounts to be reached. artered Accountsnt Regus IP Floor, Brunel House Cardiff CF24 OEB Date Page 7
CHURCH OF GOD EVANGELISM {HAftLESDEN) Statement of Financlal Activities Year ending 31st December 2023 Total Funds 2022 Income Donations Investrnent Income 110.406 144541 TOTAL INCOME 110,406 144.541 EJ(penditure on charitable activitie5 114,339 132.095 TOTAL EXPENDITURE 114339 131095 Net incoming/(expendlture) -3,933 12.446 Previous loan cancelled li 5.7(K) -3.933 L8,146 Reconciliation of funds Total fvnd5 brou8ht fOrard -3.788 -21934 Total funds carried forward -7.721 -3.788 Page 8
CHURCH OF GOD EVANGEUSM (HARLESDEN) Balan Sheet as at 31st December 2023 Total Funds Year Tangible assets 1.304 L738 Total fixed aets 1.304 1.738 Current assets: DebtOTS Cash at bank and Fn hand 44.637 5.319 47.404 2,365 Total current assets 49.956 49.769 Liabilities: Creditors falling due withln one year io -33.981 -50,295 Net Current assets 15.975 -526 NEf ASSEfs/(UABILITIES) 17.279 1,212 Creditors: Amounts falllng due afti after one year. 12 -25,000 -5,000 -7.721 -3.788 The funds of the charity. Unrestiicted income funds -7.721 -3,788 Total charity funds -7.721 -3.788 The notes at pages 10 to 14 form part of these accounts Approved bythe trustees on I I and signed on their behalf b. Page 9
CHURCH OF GOD EVANGELISM (HARLESDEN) Notes to the accounts l. Accountlng Pollcies (al Basis of preparation and assessment of going concern The accounts {ffnancial statements) have been prepared in accordance with Accounting and Reporting by Charitie5: Statement of Recommended Prartice applicable to charities, the Charities Att 2011 and applicable regulations. The accounts have been prepared under the historic cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. (b) Funds structu The unrestricted funds are available to be spent on the furthering of the objects of the charity as seen fit and proper by the trustee5. (c) Income recognition All income is recognised once the charity has entitlement to the income, there is sufficient certainty or receipt and so it is probable that the income will be received, and the amount of income receivable can be measured reliably. Donations from members and other donations are recognised when received. Income in respect of HMRC Gift Aid claims is recognised when the daim has been submitted to HMRC Interest on thnds held on deposit 15 included upon notification of the interest payable by the Bank. Id) Expenditure recognition 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 settlement will be required and the amount of the obligation can be rneasured quickly. All expenditure is COgnised on an accruals basis. Page 10
CHURCH OF GOD EVANGELISM (HARLESDEN) Notes to the a¢countS le) Irrecoverable VAT Irrecoverable VAT is charged against the expenditure head for which it was incurred. (fj Governance costs Governance costs comprise all costs involving the public accountability of the charity and its cornplian with regulation and good practice. These cost5 include the independent examination and any costs incurred relating to trustee board netIngS. {h) Charitable activities The expenditure on charitsble activities includes the governan costs and is shown in note 5. (i) Tangible fixed assets and depreciation All assets costing more than £51)0 are capitalised and valued at historic cost. Depreciation is charged from the year of acquisition at rate of 25% pa on a reducing value basis for equipment and vehlcles. ') Pensions The charlty does not have any employees. 2. Trustees, expenses and remuneration The trustees all give freely of theirtime and expertise without any form of remuneration or other benefrt in cash or kind. There are entitled to claim any expenses. The amount of expenses paid during the year wa5 £nil (2022 - £nil} 3. Income 2023 2022 rithes, offerings. donation5 Gift Aid Rent Contributions Sundry income 88,393 17.413 4,600 87.189 14.664 42,688 IID,406 144,541 Page 11
CHURCH OF GOD EVANGEUSM (HARLESDEN) Notes to the ac£ounts 4. Investment Income 2023 Interest on cash deposits 2022 Pastoral Allowance Donations and Welfare HaH and Studio Rent Repairs Business Rates Baptism Expenses Admlnistratlon Bank Charges Insurance Telephone, Internet, media Depredatiorfr Actlvities Professional Fees Travel and Motor Expenses Youth work Storage Costs 3,156 92.073 3.412 119.201 7.111 293 206 949 690 434 418 576 330 1,582 250 1.742 114,339 132,095 Independent Examination Costs of meetings 330 250 330 7. Staff The charity does not employ any staff. Page 12
CHURCH OF GOD EVANGELISM (HARLESDENI Notes to the accounts Tanglble fixed assets Equipment Vehlde TOTAL Cost At 1st January 2023 Addwtions Disposals At 31st December 2023 25.547 3,000 28.547 25.547 3.000 28.547 Depreciation At 1st January 2023 Charge forthe year Eliminated on disposals At 31st December 2023 24,344 299 2,465 135 26,809 434 24,643 2,600 27,243 Net book value At 31st December 2023 At 31st December 2022 904 1,203 400 535 1,304 1,738 9. Analysis of current assets 2023 2022 Gift Aid Property Bond Interest Free Loans Rent Debtor. Kindervine Ltd Cash at bank 4,797 3.900 5.940 30,OtX) 5.319 3.664 3,900 4.840 35,000 2.365 49.956 49.769 All debtors relate to unrestricted fund5 10. Analysis of current liabilities 2023 20Z2 Creditors under l year -33,981 50,295 All creditors relate to unrestricted funds. Page 13
CHURCH OF GOD EVANGELISM (HARLESDEN) Notes to the accounts 11. Related party transactlons Bishop Buchanan is employed bythe charlty on a self ernployed basis and received an income of £5.855 (2022= £4,080) during the year. The figure for rent contribution of £4,600 (2022 = £42,6881 is from Kindervine Nurseries Ltd. which occupies part of the premises occupied bythe charity. The directors of the company are Bishop E Buchanan and Mrs L Buchanan. Included in the debtors figure is an amount of outstanding rent of £30,000 (2022 - £35,000} owed by Kindervine Nurseries Ltd together with a loan amount of £410.00 Also included in the debtors figure is an loan amount of £5,530 {2022 = £4,430) owed by Mrs L M Buchanan. 12. Creditors: Amount fallln8 due after one year. The followlng interest free loans were granted to the charity during the year: G Bertrdm B Beaufoung £10,000 £iO,ODO These are unsecured loans with no fixed repayment dates. Page 14