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 re￿iVed 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. De￿mber 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," p￿pare 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