BRIXTON FULL GOSPEL CHURCH TRUST
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1[ST] JANUARY 2023
CHARITY NUMBER: 1085892
BRIXTON FULL GOSPEL CHURCH TRUST 36 CHESHIRE CLOSE MITCHAM CR4 1XF
INDEX Page Index 1 Trustee’s Report 2-3 Independent Examiner’s Report 4 Receipts and Payments Account 5 Statement of Assets and Liabilities 6 Notes on the financial Statements 7
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BRIXTON FULL GOSPEL CHURCH TRUST
TRUSTEES’ REPORT YEAR ENDED 1[ST] JANUARY 2022
The trustees are pleased to present their report for the year ended 1[ST] January 2022 for the charity, Brixton Full Gospel Church Trust with Charity Number 1085892.
The Trustees of the charity are: Pastor Steve Son Mr Patrick Lawson Rev Paul Kiho Song
The principal address of the charity is: 36 Cheshire Close Mitcham Surrey, CR4 1XF
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity governing document is a trust deed that was adopted on 26[th] February 2001 .The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.
OBJECTIVES AND ACTIVITIES
The Objects of the organisation are to advance the Christian Faith [in accordance with the Statement of Beliefs] throughout the world as the trustees may see fit from time to time. The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.
ACHIEVMENTS AND PERFORMANCE
The Organisation continues to hold successful worship services through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith.The organisation provided daily prayers and intercessions for people in the church. They also held evangelistic outreaches on the streets of London during the year. The church runs a bible school that meets three times a week in different locations. The organisation also supported evangelistic work in Kenya, Uganda and Israel during the year. The church moved into new premises in Sutton.
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FINANCIAL REVIEW
The income of the charity is above £87,100. This is a higher amount than last year the costs have been managed over this period. The charity has reduced some of its expenses and as a result it expects to build up a surplus in the coming financial year.
FUTURE DEVELOPMENTS
The church intends to continue to host its regular services in its new premises in Sutton. It also plans to continue to run a bible school that will train up its leaders in the community. The intended re-appointment of our present independent examiner at the upcoming trustee meeting is expected to support the financial operations by making it more effective.
RESERVE POLICY
It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure. This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to maintain this level throughout the year.
RISK MANAGEMENT
The charity have assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.
TRUSTEE RESPONSIBILITIES
Under the Charities Act 2011, the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:
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Select suitable accounting policies and apply them consistently.
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Make judgements and estimates that are reasonable and prudent.
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State whether the applicable accounting standards have been followed.
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Prepare financial statements on an ongoing basis.
They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.
Approved by the Trustees on 21[st] February 2024 and signed on their behalf by:
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Independent Examiner’s Report To the Trustees BRIXTON FULL GOSPEL CHURCH TRUST
I report on the accounts of the church for the year ended 1[st] January 2023 set out on the following pages which have been prepared on the basis of the accounting policies shown in the corresponding pages.
Respective responsibilities of trustees and examiner
The trustees of the church are responsible for the preparation of accounts: they consider that the audit requirement under section 144(2) of the Charities Act 2011 (the 2011 Act),does not apply. It is my responsibility to :
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Examine the accounts under section 145 of the 2011 Act.
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Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 145(5)(b) of the 2011 Act.
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State whether particular matters have come to my attention.
Basis of Independent examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the church and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In the course of my examination, no matter has come to my attention;
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(1) which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that:
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proper accounting records are kept( in accordance with section 130 of the 2011 Act
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accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 2011 Act: or
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(2) to which , in my opinion , attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Chuks Ajuka BSc(Man), FICB PMDip (License Number: 17362) FRESH FIRE ORGANISATION Unit 5 Generator Business Centre Mitcham Surrey CR4 3FH
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BRIXTON FULL GOSPEL CHURCH TRUST
ACCOUNTS FOR THE YEAR ENDED 1st January 2023
1. Receipts & Payments Account(General Purpose Fund)
| Income Receipts Tithes and Offerings Gift Aid Interest Total Receipts Direct Charitable Expenditure Rent of building Fuel Office expenses Stationary Mission Accounting services Light and Heat Benevolent giving Repairs Welfare Subscription Refreshments Church conferences Wages Church supplies Insurance Rates Travel Ministry expenses Bank charges Charity donations Speakers expenses Total Other Expenses Fixures & Fittings Vehicle Equipment Professional fees Total Payments Net Receipts/(Payments for the year) Cash Funds brought forward Cash funds at the end of the year |
£ £ 2023 2022 76325 74899 10780 5353 1 1 |
|---|---|
| 87106 80253 |
|
| 19000 19000 3456 3478 666 2321 307 482 587 9896 0 480 3597 2309 1967 1438 4480 2425 4514 520 20 0 5183 1713 3147 3633 7000 6100 4178 1286 6067 303 1185 707 1991 3696 0 851 127 0 14525 19000 2340 500 |
|
| 84337 80138 0 0 7450 0 1618 2335 0 356 |
|
| 93405 82829 -6299 -2576 24660 27236 |
|
| 18361 24660 |
|
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BRIXTON FULL GOSPEL CHURCH TRUST
| **2 ** | .Statement of Assets and | Liabilities at 1st January | 2023 | |
|---|---|---|---|---|
| 2023 | 2022 | |||
| Cash Funds | Unresticted | |||
| £ | Funds £ | |||
| Bank | 18361 | 24660 | ||
| ___ | ||||
| Total Cash Funds | 18361 | 24660 | ||
| Assets Retained for the | ___ | |||
| Charity's Own use | ||||
| Vehicle | 9171 | 4014 | ||
| Musical Instruments | 853 | 1066 | ||
| Equipment | 2931 | 2046 | ||
| Fixtures & Fittings | 647 | 809 | ||
| 13602 | 7935 | |||
| Liabilities | ||||
| Accounting Fee | 250 | 250 | ||
| NET ASSETS | 31713 | 32345 |
Approved by the Trustees and signed on their behalf:
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BRIXTON FULL GOSPEL CHURCH TRUST
ACCOUNTING POLICIES
Basis of Accounting
These accounts have been prepared on the receipts and payments basis under section under Charities Act 2011.
Funds
Unrestricted funds are those which can be used at the Trustees' discretion. Restricted Funds are those whose purposes have been restricted by the donor.
Salary
The church had 2 employees who received remuneration of less than £15,000 for services rendered to the charity. This was paid through a PAYE scheme
Depreciation
Depreciation is calculated at 20% reducing balance method.
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