Charity number: 1077583
CHRIST'S DAY EVANGELICAL MINISTRIES
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 October 2023
CHRIST'S DAY EVANGELICAL MINISTRIES Contents Page For the year ended 31 October 2023
| 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 2023
The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 October 2023. 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:-
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(a) The advancement of Christian faith and
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(b) Such other exclusively charitable purposes the trustees may see fit.
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 Surplus of £5972.63 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:
Mr Korede Adedoja Mrs Kikelomo Walker Miss Gertrude Arthur Miss Donna Lynton 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 2023
Approved by the Board of Trustees and signed on its behalf by
............................................................................. Miss Gertrude Arthur
03 July 2024
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CHRIST'S DAY EVANGELICAL MINISTRIES Independent Examiners Report to the Trustees
For the year ended 31 October 2023
I report to the trustees on my examination of the accounts of the charity for the year ended 31 October 2023.
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:
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accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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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
03 July 2024
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CHRIST'S DAY EVANGELICAL MINISTRIES Statement of Financial Activities
For the year ended 31 October 2023
| 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 Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 79,815 158 79,973 (73,950) (73,950) 6,023 24,321 30,344 |
2022 £ 77,788 9 |
|---|---|---|
| 77,797 | ||
| (62,453) | ||
| (62,453) | ||
| 15,344 8,977 |
||
| 24,321 |
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CHRIST'S DAY EVANGELICAL MINISTRIES Statement of Financial Position
As at 31 October 2023
| Notes Fixed assets Tangible assets 10 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 11 Net current assets Total assets less current liabilities Net assets The funds of the charity Unrestricted income funds 12 Total funds |
£ 2023 6,831 6,831 25,113 25,113 (1,600) 23,513 30,344 30,344 30,344 30,344 |
£ 2022 9,108 |
|---|---|---|
| 9,108 | ||
| 16,013 | ||
| 16,013 | ||
| (800) 15,213 |
||
| 24,321 | ||
| 24,321 | ||
| 24,321 | ||
| 24,321 |
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Miss Gertrude Arthur Trustee 03 July 2024
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CHRIST'S DAY EVANGELICAL MINISTRIES Notes to the Financial Statements
For the year ended 31 October 2023
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).
Going concern
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:
Computer equipment 25% Reducing balance Fixtures and fittings 25% Reducing balance
2. Income from donations and legacies
| Unrestricted funds Donations received |
2022 2023 £ £ 77,788 79,815 77,788 79,815 |
|---|---|
3. Investment income
| Unrestricted funds Bank interest receivable |
2023 £ 158 158 |
2022 £ 9 |
|---|---|---|
| 9 |
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CHRIST'S DAY EVANGELICAL MINISTRIES Notes to the Financial Statements Continued
For the year ended 31 October 2023
4. Costs of charitable activities by fund type
| 4. Costs of charitable activities by fund type | ||
|---|---|---|
| Unrestricted funds Evangelism 5. Costs of charitable activities by activity type Activities undertaken directly Evangelism 6. Net income/(expenditure) for the year This is stated after charging/(crediting): Depreciation of owned fixed assets 7. Particulars of employees Staff |
2023 £ 73,950 2023 £ 73,950 2023 £ 2,277 2023 0 0 |
2022 £ 62,453 2022 £ 62,453 2022 £ 3,036 |
| 2022 0 |
||
| 0 |
9. Comparative for the Statement of Financial Activities
The comparative year values on the Statement of Financial Activites are for unrestricted funds.
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CHRIST'S DAY EVANGELICAL MINISTRIES Notes to the Financial Statements Continued
For the year ended 31 October 2023
10. Tangible fixed assets
| Cost or valuation At 01 November 2022 At 31 October 2023 Depreciation At 01 November 2022 Charge for year At 31 October 2023 Net book values At 31 October 2023 At 31 October 2022 |
Fixtures and fittings £ 32,701 32,701 28,578 1,031 29,609 3,092 4,123 |
Computer equipment £ 8,040 8,040 3,055 1,246 4,301 3,739 4,985 |
Total £ 40,741 |
|---|---|---|---|
| 40,741 | |||
| 31,633 2,277 |
|||
| 33,910 | |||
| 6,831 | |||
| 9,108 |
11. Creditors: amounts falling due within one year
| Creditors: amounts falling due within one year | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Accruals and deferred income | 1,600 | 800 |
| 1,600 | 800 |
12. Movement in funds
Unrestricted Funds
| General General Unrestricted Funds - Previous year General General |
Balance at 01/11/2022 £ 24,321 24,321 Balance at 01/11/2021 £ 8,977 8,977 |
Incoming resources £ 79,973 79,973 Incoming resources £ 77,797 77,797 |
Outgoing resources £ (73,950) (73,950) Outgoing resources £ (62,453) (62,453) |
Balance at 31/10/2023 £ 30,344 |
|---|---|---|---|---|
| 30,344 | ||||
| Balance at 31/10/2022 £ 24,321 |
||||
| 24,321 |
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CHRIST'S DAY EVANGELICAL MINISTRIES Notes to the Financial Statements Continued
For the year ended 31 October 2023
13. Analysis of net assets between funds
| Unrestricted funds General General Previous year Unrestricted funds General General |
Tangible fixed assets Net current assets / (liabilities) Net Assets £ £ £ 6,831 23,513 30,344 |
|---|---|
| 6,831 23,513 30,344 |
|
| Tangible fixed assets Net current assets / (liabilities) Net Assets £ £ £ 9,108 15,213 24,321 |
|
| 9,108 15,213 24,321 |
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CHRIST'S DAY EVANGELICAL MINISTRIES Detailed Statement of Financial Activities
For the year ended 31 October 2023
| INCOME AND ENDOWMENT Donations and legacies Donations Investments Bank interest receivable Total incoming resources EXPENDITURE Charitable activities Depreciation - owned assets Rent & Rates Evangelism & MIssions Honorarium Welfare & Support Donation to Charities Consultancy Fees Telephone Insurance Subscriptions & Licence Accountancy Fee PPS Repairs and Renewal Website Cost Professional Fees Bank Charges Cleaning Expenses Food & Refreshments Conferences Books & CDs Total resources expended Net Income |
£ 2023 79,815 79,815 158 158 79,973 (2,277) (25,907) (1,580) (1,000) (1,000) (720) (33,600) (536) (1,696) (404) (800) - (388) - (1,200) (12) - (2,130) (200) (500) (73,950) (73,950) 6,023 |
£ 2022 77,788 |
|---|---|---|
| 77,788 9 |
||
| 9 | ||
| 77,797 (3,036) (24,248) (703) (700) (250) (1,220) (26,880) (481) (340) (204) (800) (468) (431) (92) (1,200) - (150) (1,250) - - |
||
| (62,453) | ||
| (62,453) | ||
| 15,344 |
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This page does not form part of the statutory financial statements