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2021-10-31-accounts

Charity number: 1077583

CHRIST'S DAY EVANGELICAL MINISTRIES

Report of the Trustees and Unaudited Financial Statements

For the year ended 31 October 2021

CHRIST'S DAY EVANGELICAL MINISTRIES Contents Page For the year ended 31 October 2021

Report of the Trustees 1 to 2
Independent Examiner's Report to the Trustees 3
Statement of Financial Activities 4
Statement of Financial Position 5
Notes to the Financial Statements 6 to 9
Detailed Statement of Financial Activities 10

CHRIST'S DAY EVANGELICAL MINISTRIES Report of the Trustees

For the year ended 31 October 2021

The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 October 2021. The Trustees have adopted the provisions of 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 the Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

The charity is constituted under a trust deed dated 15th August 1999 and is a registered charity 10777583.

The objectives of the charity as set out in the Declaration of Trust are:-

The church was involved in Christian outreach programmes designed to increase Christian awareness and spread the Gospel of our Lord Jesus Christ.

Objectives and aims

The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.

DEVELOPMENT, ACTIVITIES AND ACHIEVEMENTS IN THE YEAR

The trustees are pleased to report that the charity continued to be sucessful spiritually by ministering to many people. There has been growth in the number of attendees and we are continuing to reach out to the local community through our youth conference, marriage and family counselling and various functions for the elderly.

FINANCIAL REVIEW

Review of the financial position

The net incoming resources for the year resulted to a deficit of £843 and all which was attributable to the general reserves of the charity.

REFERENCE AND ADMINISTRATIVE INFORMATION

Name of Charity CHRIST'S DAY EVANGELICAL MINISTRIES Charity registration number 1077583 Principal address PHIBBS HOUSE 239 KING HENRYS DRIVE NEW ADDINGTON CROYDON LONDON CR0 0PS

Trustees

The trustees and officers serving during the year and since the year end were as follows:

Miss Adedayo Oyaniran Mr Korede Adedoja Mr Raymond Akabi-Davis Mrs Kikelomo Walker Mrs Olawunmi Ehinlaye Independent examiner CHRIS ATKINS SERVICES ONE LIMITED OFFICE 310, ACCESS SELF STORAGE UNIT 1, MERIDIAN TRADING ESTATE 20, BUGBY'S WAY LONDON SE7 7SF

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CHRIST'S DAY EVANGELICAL MINISTRIES Report of the Trustees Continued For the year ended 31 October 2021

Approved by the Board of Trustees and signed on its behalf by

............................................................................. Miss Adedayo Oyaniran (Director)

10 August 2022

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CHRIST'S DAY EVANGELICAL MINISTRIES Independent Examiners Report to the Trustees

For the year ended 31 October 2021

I report to the trustees on my examination of the accounts of the charity for the year ended 31 October 2021.

Responsibilities and basis of report

As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act 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 examiners statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. 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.

CHRIS ATKINS SERVICES ONE LIMITED OFFICE 310, ACCESS SELF STORAGE UNIT 1, MERIDIAN TRADING ESTATE 20, BUGBY'S WAY

LONDON SE7 7SF

10 August 2022

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CHRIST'S DAY EVANGELICAL MINISTRIES Statement of Financial Activities

For the year ended 31 October 2021

Notes
Income and endowments from:
Donations and legacies
2
Investments
3
Bank interest receivable
Total
Expenditure on:
Charitable activities
4/5
Evangelism
Total
Net income/expenditure
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
£
65,398
2
65,400
(66,243)
(66,243)
(843)
9,820
8,977		 2020
£
47,733
12
47,745
(42,254)
(42,254)
5,491
1,429
6,920

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CHRIST'S DAY EVANGELICAL MINISTRIES Statement of Financial Position

As at 31 October 2021

Notes
Fixed assets
Tangible assets
8
Current assets
Cash at bank and in hand
Creditors: amounts falling due within one year
9
Net current assets
Total assets less current liabilities
Net assets
The funds of the charity
Unrestricted income funds
10
Total funds		 £
2021
1,173
1,173
14,204
14,204
(6,400)
7,804
8,977
8,977
8,977
8,977		 £
2020
1,563
1,563
17,457
17,457
(12,100)
5,357
6,920
6,920
6,920
6,920

The financial statements were approved and authorised for issue by the Board and signed on its behalf by:

Miss Adedayo Oyaniran Trustee

10 August 2022

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CHRIST'S DAY EVANGELICAL MINISTRIES Notes to the Financial Statements

For the year ended 31 October 2021

1. Accounting Policies

Basis of accounting

The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and 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 (FRS 102), and the Charities Act 2011.

CHRIST'S DAY EVANGELICAL MINISTRIES meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

Statement of cash flows

The Trustees have taken advantage of the exemption in SORP FRS 102 from including a cash flow statement in the financial statements on the grounds that the charity is small.

Incoming resources

All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

Tithes & Offerings:- Income from tithe and offerings, is included in incoming resources when these are receivable.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Motor vehicles

25% Reducing balance

2. Income from donations and legacies

Unrestricted funds
Donations received		 2020
2021
£
£
47,733
65,398
47,733
65,398

3. Investment income

Unrestricted funds
Bank interest receivable		 2021
£
2
2		 2020
£
12
12

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CHRIST'S DAY EVANGELICAL MINISTRIES Notes to the Financial Statements Continued

For the year ended 31 October 2021

4. Costs of charitable activities by fund type

2021 2020
£ £
Unrestricted funds
Evangelism 66,243 42,254
osts of charitable activities by activity type
2021 2020
£ £
Activities undertaken directly
Evangelism 66,243 42,254
et income/(expenditure) for the year
This is stated after charging/(crediting):
2021 2020
£ £
Depreciation of owned fixed assets 391 521

5. Costs of charitable activities by activity type

6. Net income/(expenditure) for the year

7. Comparative for the Statement of Financial Activities

The comparative year values on the Statement of Financial Activites are for unrestricted funds.

8. Tangible fixed assets

Cost or valuation
At 01 November 2020
At 31 October 2021
Depreciation
At 01 November 2020
Charge for year
At 31 October 2021
Net book values
At 31 October 2021
At 31 October 2020		 Fixtures and
fittings
£
27,879
27,879
26,978
225
27,203
676
901		 Computer
equipment
£
1,890
1,890
1,227
166
1,393
497
663		 Total
£
29,769
29,769
28,205
391
28,596
1,173
1,564

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CHRIST'S DAY EVANGELICAL MINISTRIES Notes to the Financial Statements Continued

For the year ended 31 October 2021

9. Creditors: amounts falling due within one year

reditors: amounts falling due within one year
2021 2020
£ £
Other creditors 5,800 11,600
Accruals and deferred income 600 500
6,400 12,100

10. Movement in funds

Unrestricted Funds

Balance at Incoming Outgoing Balance at
01/11/2020 resources resources 31/10/2021
£ £ £ £
General
General 9,820 65,400 (66,243) 8,977
9,820 65,400 (66,243) 8,977
Unrestricted Funds - Previous year
Balance at Incoming Outgoing Balance at
01/11/2019 resources resources 31/10/2020
£ £ £ £
General
General 1,429 47,745 (42,254) 6,920
1,429 47,745 (42,254) 6,920

11. Analysis of net assets between funds

Tangible Net current Net Assets
fixed assets assets /
(liabilities)
£ £ £
Unrestricted funds
General
General 1,173 7,804 8,977
1,173 7,804 8,977

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CHRIST'S DAY EVANGELICAL MINISTRIES Notes to the Financial Statements Continued

For the year ended 31 October 2021

Previous year

Tangible Net current Net Assets
fixed assets assets /
(liabilities)
£ £ £
Unrestricted funds
General
General 1,563 5,357 6,920
1,563 5,357 6,920

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CHRIST'S DAY EVANGELICAL MINISTRIES Detailed Statement of Financial Activities

For the year ended 31 October 2021

INCOME AND ENDOWMENT
Donations and legacies
Donations
Investments
Bank interest receivable
Total incoming resources
EXPENDITURE
Charitable activities
Depreciation - owned assets
Rent & Rates
Evangelism & MIssions
Welfare & Support
Donation to Charities
Consultancy Fees
Telephone
Insurance
Subscriptions & Licence
Accountancy Fee
Repairs and Renewal
Website Cost
Professional Fees
Total resources expended
Net Expenditure		 £
2021
65,398
65,398
2
2
65,400
(391)
(26,600)
(171)
(400)
(670)
(31,360)
(456)
(361)
(354)
(600)
(230)
-
(4,650)
(66,243)
(66,243)
(843)		 £
2020
47,733
47,733
12
12
47,745
(521)
(18,786)
(340)
-
(640)
(20,160)
(615)
(386)
(204)
(500)
-
(102)
-
(42,254)
(42,254)
5,491

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This page does not form part of the statutory financial statements