## **Wolverhampton Asian Christian Fellowship**
## **Charity No. 1086135**
**Trustees' Report and Unaudited Accounts**
**31 March 2021**
**Wolverhampton Asian Christian Fellowship CONTENTS**
||Pages|
|---|---|
|Trustees' Annual Report|2 to 3|
|Independent Examiner's Report|4|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Statement of Cash flows|7|
|Notes to the Accounts|8 to 13|
|Detailed Statement of Financial Activities|14 to 15|
Page 1
**Wolverhampton Asian Christian Fellowship TRUSTEES ANNUAL REPORT**
The Trustees present their report with the unaudited financial statements of the charity for the year ended 31 March 2021.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Charity No. 1086135**
## **Trustees**
The following Trustees served during the year:
R. Dial
H. Kaul
R. Malhan
G. Tour
## **Accountants**
R & J Accountants 12 Lilafield Court 638 Kingstanding Road Birmingham B44 9SL
## **OBJECTIVES AND ACTIVITIES**
## Objectives and aims
The advancement of the Christian Faith in accordance with the doctrines set out in the schedule and the worship of god in Wolverhampton and elsewhere by any means whatsoever including (but not by limitation) the preaching and proclamation of the Christian Gospel and the teaching of Christian doctrine and principles and the pastoral care of Christian people and the printing and distribution of the bible and christian literature.
Wolverhampton Asian Christian Fellowship continues to operate financially as an independent trust. The organisation activities include Sunday morning Meetings, a variety of mid-week home group meeting prayer meeting, outreach events - children's Sunday school and partnership youth event and activities.
## **ACHIEVEMENTS AND PERFORMANCE**
## Chartiable activities
Wolverhampton Asian Christian Fellowship continues to work in community in order to empower the local people of Wolverhampton and the wider community to take hold of their future and reach their full potential as individuals, socially, economically and morally.
## **FINANCIAL REVIEW**
Principal funding sources
Principal funding came through our members. The support of our members continues to be a source of great strength and has truly been sacrificial and it's through their donations and love for what they provide that keeps us going as an organisation.
Reserves policy
Page 2
## **Wolverhampton Asian Christian Fellowship TRUSTEES ANNUAL REPORT**
We aim to build up reserves in order to keep a contingency fund in the bank to cover the ongoing costs of the and charity for the security of the organisation. we would also like to hold some funds so that we can act on a timely basis to a higher level of excellence and reach any given need effectively. We believe our responsibility is to promote the principles of the Church faith in our community whilst addressing social needs of humanity and lovingly support and serve our local community so we can live in a safe and cohort community
## **PLANS FOR FUTURE PERIODS**
Our aim is to continue to work to strengthening our relationship with the community and addressing the social and economical needs of our local community.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
## **Statement of trustees' responsibilities in relation to the financial statements**
The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the charity's trustees
G. Tour
Trustee 10 February 2023
Page 3
**Wolverhampton Asian Christian Fellowship INDEPENDENT EXAMINERS REPORT**
## **Independent Examiner's Report to the trustees of Wolverhampton Asian Christian Fellowship**
I report on the accounts of Wolverhampton Asian Christian Fellowship for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes.
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under charity law and is eligible for independent examination, it is my responsibility to:
examine the accounts under s.145 of the 2011 Act;
- to follow procedures laid down in the general Directions given by the Charity Commission under s.145(5)(b) of the 2011 Act; and
to 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 Commission. An examination includes a review of the accounting records kept by the charity 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 do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair" view and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
- (1) which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with s.130 of the 2011; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act,
have not been met: or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Mr R D Patel
Institute of Financial Accountants
R & J Accountants
- 12 Lilafield Court
638 Kingstanding Road
Birmingham
B44 9SL
10 February 2023
Page 4
**Wolverhampton Asian Christian Fellowship STATEMENT OF FINANCIAL ACTIVITIES**
## **for the year ended 31 March 2021**
|**Notes**
**Income and endowments**
**from:**
Donations and legacies
3
**Total**
**Expenditure on:**
Charitable activities
4
Other
5
**Total**
Net gains on investments
**Net income**
6
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**2021**
**£**
40,201|**Total funds**
**2021**
**£**
40,201|**Total funds**
**2020**
**£**
65,415|
|---|---|---|---|
||40,201
22,924
6,995|40,201
22,924
6,995|65,415
28,360
16,389|
||29,919
-|29,919
-|44,749
-|
||10,282|10,282|20,666|
||10,282|10,282|20,666|
||10,282
341,996|10,282
341,996|20,666
321,330|
||352,278|352,278|341,996|
Page 5
**Wolverhampton Asian Christian Fellowship BALANCE SHEET**
**at 31 March 2021**
|**Charity No. 1086135**
**Fixed assets**
Tangible assets
8
**Current assets**
Debtors
9
Cash at bank and in hand
**Creditors:**Amount falling due within one year
10
**Net current assets**
**Total assets less current liabilities**
**Creditors:**Amounts falling due after more than one year
11
**Net assets excluding pension asset or liability**
**Total net assets**
**The funds of the charity**
**Restricted funds**
12
**Unrestricted funds**
12
General funds
**Reserves**
12
**Total funds**
Approved by the trustees on 10 February 2023
And signed on their behalf by:
G. Tour
Trustee
10 February 2023|**2021**
**£**
329,986
329,986
1,651
34,361
36,012
(13,720)
22,292
352,278
-
352,278
352,278
352,278
352,278
352,278|**2020**
**£**
328,793|
|---|---|---|
|||328,793
-
27,242|
|||27,242
(9,039)|
|||18,203
346,996
(5,000)|
|||341,996|
|||341,996|
|||341,996|
|||341,996|
|||341,996|
||||
Page 6
**Wolverhampton Asian Christian Fellowship STATEMENT OF CASH FLOWS for the year ended 31 March 2021**
|**Cash flows from operating activities**
**Net income per Statement of Financial Activities**
**Adjustments for:**
Depreciation of property, plant and equipment
(Increase)/Decrease in trade and other receivables
Increase in trade and other payables
**Net cash provided by operating activities**
**Cash flows from investing activities**
Purchases of property, plant and equipment
**Net cash used in investing activities**
**Cash flows from financing activities**
Repayment of borrowings
**Net cash used in financing activities**
**Net increase in cash and cash equivalents**
**Cash and cash equivalents at the beginning of the year**
**Cash and cash equivalents at the end of the year**
**Components of cash and cash equivalents**
Cash and bank balances|**2021**
**£**
10,282
817
(1,651)
4,681
14,129
(2,010)
(2,010)
(5,000)
(5,000)
7,119
27,242
34,361
34,361
34,361|**2020**
**£**
20,666
419
1,607
2,646|
|---|---|---|
|||25,338
-|
|||-|
|||(10,000)|
|||(10,000)|
||||
|||15,338|
|||11,904|
|||27,242|
||||
|||27,242|
||||
|||27,242|
Page 7
**Wolverhampton Asian Christian Fellowship NOTES TO THE ACCOUNTS**
## **for the year ended 31 March 2021**
- 1 **Accounting policies**
## **Basis of preparation**
The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Change in basis of accounting or to previous accounts**
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
## **Fund accounting**
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
## **Income**
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
- Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
- Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable.
Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 8
**Wolverhampton Asian Christian Fellowship NOTES TO THE ACCOUNTS**
## **Expenditure**
- Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
- Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
- Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
- Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
- Other expenditure These are support costs not allocated to a particular activity.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Tangible fixed assets and depreciation**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Plant and machinery 25% Reducing balance
## **Freehold investment property**
Investment properties are revalued annually and any surplus or deficit is dealt with through the Statement of Financial Activities. No depreciation is provided in respect of investment properties.
## **Intangible fixed assets and amortisation**
Intangible fixed assets (including purchased goodwill, patents and trademarks) are carried at cost less accumulated amortisation and impairment losses.
## **Trade and other debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Page 9
**Wolverhampton Asian Christian Fellowship NOTES TO THE ACCOUNTS**
## **Trade and other creditors**
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **Pension costs**
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.
## 2 **Statement of Financial Activities - prior year**
|**Income and endowments from:**
Donations and legacies
**Total**
**Expenditure on:**
Charitable activities
Other
**Total**
**Net income**
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
3
**Income from donations and legacies**
Offerings & gifts
Gift Aids|**Unrestricted**
**£**
40,201
-
40,201|**Unrestricted**
**funds**
**2020**
**£**
65,415
65,415
28,360
16,389
44,749
20,666
20,666
20,666
321,330
341,996
**Total**
**2021**
**£**
40,201
-
40,201|**Total funds**
**2020**
**£**
65,415|
|---|---|---|---|
||||65,415
28,360
16,389|
||||44,749|
||||20,666|
||||20,666|
||||20,666
321,330|
||||341,996|
||||**Total**
**2020**
**£**
50,213
15,202|
||||65,415|
Page 10
**Wolverhampton Asian Christian Fellowship NOTES TO THE ACCOUNTS**
## 4 **Expenditure on charitable activities**
|_Expenditure on charitable_
_activities_
Events & Activities
Missionary Support
_Governance costs_
Trustees' Salary
5
**Other expenditure**
Employee costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs
6
**Net income before transfers**
This is stated after charging:
Depreciation of owned fixed assets
7
**Staff costs**
Pension costs|**Unrestricted**
**£**
515
5,405
17,004
22,924
**Unrestricted**
**£**
510
3,935
817
1,259
474
6,995
**2021**
**£**
817
510
510|**Total**
**2021**
**£**
515
5,405
17,004
22,924
**Total**
**2021**
**£**
510
3,935
817
1,259
474
6,995|**Total**
**2020**
**£**
4,554
4,450
19,356|
|---|---|---|---|
||||28,360|
||||**Total**
**2020**
**£**
581
11,494
419
3,421
474|
||||16,389|
||||**2020**
**£**
419
581|
||||581|
No employee received emoluments in excess of £60,000.
Page 11
**Wolverhampton Asian Christian Fellowship NOTES TO THE ACCOUNTS**
## 8 **Tangible fixed assets**
|**Cost or revaluation**
At 1 April 2020
Additions
At 31 March 2021
**Depreciation and**
**impairment**
At 1 April 2020
Depreciation charge for the
year
At 31 March 2021
**Net book values**
At 31 March 2021
At 31 March 2020
9
**Debtors**
Prepayments and accrued income
10 **Creditors:**
amounts falling due within one year
Other taxes and social security
Other creditors
Accruals and deferred income
11 **Creditors:**
amounts falling due after more than one year
Other loans|**Land and**
**buildings**
**£**
327,537
-
327,537
-
-
-
327,537
327,537
**2021**
**£**
1,651
1,651
**2021**
**£**
9,130
3,125
1,465
13,720
**2021**
**£**
-
-|**Plant and**
**machinery**
**£**
12,657
2,010
14,667
11,401
817
12,218
2,449
1,256|**Total**
**£**
340,194
2,010|
|---|---|---|---|
||||342,204|
||||11,401
817|
||||12,218|
||||329,986|
||||328,793|
||||**2020**
**£**
-|
||||-|
||||**2020**
**£**
5,977
2,330
732|
||||9,039|
||||**2020**
**£**
5,000|
||||5,000|
Page 12
**Wolverhampton Asian Christian Fellowship NOTES TO THE ACCOUNTS**
## 12 **Movement in funds**
|**At 1 April**
**2020**
**Restricted funds:**
**Unrestricted funds:**
**General funds**
341,996
**Revaluation Reserves:**
**Total funds**
341,996
13 **Analysis of net assets between funds**
Fixed assets
Net current assets
14 **Commitments**
**_Operating lease commitments_**
Annual commitments under non-cancellable operating leases
**2021**
**Land and**
**buildings**
**£**
Operating leases with expiry date:
**_Pension commitments_**
The pension cost charge to the charity
amounted to:|**Incoming**
**resources**
**(including**
**other**
**gains/losses**
**)**
**£**
40,201
40,201
are as follows:
**2021**
**Other**
**£**
**2021**
**£**
510|**Resources**
**expended**
**£**
(29,919)
(29,919)
**Unrestricted**
**funds**
**£**
329,986
22,292
352,278
**2020**
**Land and**
**buildings**
**£**|**At 31**
**March**
**2021**
**£**
352,278|
|---|---|---|---|
||||352,278|
||||**Total**
**£**
329,986
22,292|
||||352,278|
||||**2020**
**Other**
**£**
**2020**
**£**
581|
Page 13
**Wolverhampton Asian Christian Fellowship DETAILED STATEMENT OF FINANCIAL ACTIVITIES**
## **for the year ended 31 March 2021**
|**Income and endowments from:**
Donations and legacies
Offerings & gifts
Gift Aids
**Total income and endowments**
**Expenditure on:**
Charitable activities
Events & Activities
Missionary Support
Governance costs
Trustees' Salary
**Total of expenditure on charitable**
**activities**
Employee costs
Pension costs
Premises costs
Rent
Rates
Light, heat and power
Premises insurances
Premises repairs and
maintenance
General administrative costs,
including depreciation and
amortisation
Depreciation of Plant and
machinery
Bank charges
Information and publications
Software, IT support and related
costs
Stationery and printing
Subscriptions
Sundry expenses
Telephone, fax and broadband|**Unrestricted**
**funds**
**2021**
**£**
40,201
-
40,201
40,201
515
5,405
5,920
17,004
17,004
22,924
510
510
-
1,258
597
1,647
433
3,935
817
-
48
361
-
129
374
347|**Total funds**
**2021**
**£**
40,201
-
40,201
40,201
515
5,405
5,920
17,004
17,004
22,924
510
510
-
1,258
597
1,647
433
3,935
817
-
48
361
-
129
374
347|**Total funds**
**2020**
**£**
50,213
15,202|
|---|---|---|---|
||||65,415|
||||65,415
4,554
4,450|
||||9,004|
||||19,356|
||||19,356|
||||28,360
581|
||||581|
||||2,700
864
5,380
1,607
943|
||||11,494|
||||419
20
245
722
7
80
1,737
610|
Page 14