Charity number: 1087928
CLIWOM SANCTUARY OF PRAISE
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 March 2021
CLIWOM SANCTUARY OF PRAISE Contents Page For the year ended 31 March 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 11 |
| Detailed Statement of Financial Activities | 12 |
CLIWOM SANCTUARY OF PRAISE Report of the Trustees For the year ended 31 March 2021
The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 March 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 2015).
OBJECTIVES AND ACTIVITIES
Objectives and aims.
The objectives of the Church as set out in Declaration of Trust are:-
(a) The advancement of Christian Faith in the United Kingdom or abroad
(b) The relief of persons who are in conditions of need, hardship, or distress or who are aged sick, in the United Kingdom or abroad.
The principal activities of the Church are Christian worship and involvement of various ministries and ministers of religion in propagating Christian tenants to members (and non-members) of the ministry at various meetings.
Statement on public benefit
The trustees have considered the Charity Commission’s guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
ACHIEVEMENTS AND PERFORMANCE
Achievements against objectives
The trustees are pleased to report that the Church continued to be successful spiritually by ministering to many people.
During the year the church was involved in various evangelical outreach programs all aimed at achieving its principal activities.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity CLIWOM SANCTUARY OF PRAISE Charity registration number 1087928 Principal address 709 Old Kent Road Old British Gas Depot London SE15 1JZ
Trustees
Miss Stella Balogun Mr John O Shadare Rev Ebenezer Obey-Fadeyi Rev Michael A Okunade Independent examiners JRK ACOUNTANCY SERVICES First Floor 133 Rushey Green London SE6 4AA
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CLIWOM SANCTUARY OF PRAISE Report of the Trustees Continued For the year ended 31 March 2021
Approved by the Board of Trustees and signed on its behalf by
..........................................
Miss Stella Balogun 20 December 2021
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CLIWOM SANCTUARY OF PRAISE Independent Examiners Report to the Trustees For the year ended 31 March 2021
I report to the trustees on my examination of the accounts of the charity for the year ended 31 March 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:
-
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
-
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.
JRK ACCOUNTANCY SERVICES First Floor 133 Rushey Green London SE6 4AA
20 December 2021
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CLIWOM SANCTUARY OF PRAISE Statement of Financial Activities For the year ended 31 March 2021
| CLIWOM SANCTUARY OF PRAISE Statement of Financial Activities For the year ended 31 March 2021 |
||
|---|---|---|
| Notes Income and endowments from: Donations and legacies 2 Other income 3 Other income 1 Total Expenditure on: Charitable activities 4/5 Evangelism Total Net surplus/deficit Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 92,808 59,196 152,004 (169,798) (169,798) (17,794) 209,860 192,066 |
2020 £ 102,205 94,152 196,357 (191,801) (191,801) 4,556 205,304 209,860 |
| 192,066 |
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CLIWOM SANCTUARY OF PRAISE Statement of Financial Position As at 31 March 2021
| Notes Fixed assets Tangible assets 9 Current assets Debtors 10 Cash at bank and in hand Creditors: amounts falling due within one year 11 Net current liabilities Total assets less current liabilities Creditors: amounts falling due after more than one year Net assets The funds of the charity Unrestricted income funds 12 Total funds |
2021 £ 270,638 270,638 6,124 20,559 26,683 (55,255) (28,572) 242,066 |
2020 £ 273,350 |
|---|---|---|
| 273,350 | ||
| 1,980 7,545 |
||
| 9,525 | ||
| (73,015) (63,490) |
||
| 209,860 | ||
| (50,000) 192,066 192,066 192,066 |
- | |
| 209,860 | ||
| 209,860 | ||
| 209,860 |
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Miss Stella Balogun Trustee 20 December 2021
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CLIWOM SANCTUARY OF PRAISE Notes to the Financial Statements For the year ended 31 March 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 2015)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011.
CLIWOM SANCTUARY OF PRAISE 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).
Funds
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
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:
Resources expended
Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure:
Taxation
The charity is exempt from corporation tax on its charitable activities.
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:
Land and Buildings 20% Reducing balance Computer Equipment 25% Reducing balance Motor Vehicles 25% Reducing balance Fixtures and Fittings 25% Reducing balance
2. Income from donations and legacies
| Unrestricted funds Donations received |
2021 £ 92,808 92,808 |
2020 £ 102,205 |
|---|---|---|
| 102,205 |
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CLIWOM SANCTUARY OF PRAISE Notes to the Financial Statements Continued For the year ended 31 March 2021
3. Other income
| Unrestricted funds Other income 1 Costs of charitable activities by fund type Unrestricted funds Evangelism Support costs Costs of charitable activities by activity type Activities undertaken directly Evangelism Analysis of support costs Governance costs |
2021 2020 £ £ 59,196 94,152 59,196 94,152 2021 £ 2020 £ 168,298 190,301 1,500 1,500 169,798 191,801 2021 £ 2020 £ 168,298 190,301 2021 £ 2020 £ 1,500 1,500 |
|---|---|
4. Costs of charitable activities by fund type
5. Costs of charitable activities by activity type
6. Analysis of support costs
7.Net income/(expenditure) for the year
This is stated after charging/(crediting):
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Depreciation of owned fixed assets | 2,712 | 3,529 |
| Accountancy fees | 1,500 | 1,500 |
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CLIWOM SANCTUARY OF PRAISE Notes to the Financial Statements Continued For the year ended 31 March 2021
8.Comparative for the Statement of Financial Activities
The comparative year values on the Statement of Financial Activities are for unrestricted funds.
9. Tangible fixed assets
| Cost or valuation At 01 April 2020 Additions Revaluations At 31 March 2021 Depreciation At 01 April 2020 Charge for year At 31 March 2021 Net book values At 31 March 2021 At 31 March 2020 |
Land and Buildings £ 355,095 - - 355,095 88,364 1,057 89,421 265,674 266,731 |
Motor Vehicles £ 30,455 - - 30,455 29,805 163 29,968 487 650 |
Fixtures and Fittings £ 42,443 - - 42,443 40,039 601 40,640 1,803 2,404 |
Computer Equipment £ 167,230 - - 167,230 163,665 891 164,556 2,674 3,565 |
Total £ 595,223 - - |
|---|---|---|---|---|---|
| 595,223 | |||||
| 321,873 2,712 |
|||||
| 324,585 | |||||
| 270,638 | |||||
| 273,350 |
10. Debtors
| Amounts due within one year: Other debtors |
2021 £ 6,124 6,124 |
2020 £ 1,980 |
|
|---|---|---|---|
| 1,980 |
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CLIWOM SANCTUARY OF PRAISE Notes to the Financial Statements Continued For the year ended 31 March 2021
11. Creditors
Creditors: amounts falling due within one year
| Other creditors Accruals and deferred income |
2021 £ 55,255 - 55,255 |
2020 £ 51,598 11,892 |
|---|---|---|
| 63,490 |
Creditors: amounts falling due after more than one year
| Loan | 2021 £ 50,000 50,000 |
2020 £ - |
|---|---|---|
| - |
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CLIWOM SANCTUARY OF PRAISE Notes to the Financial Statements Continued For the year ended 31 March 2021
12. Movement in funds
| Unrestricted Funds General General Unrestricted Funds - Previous year General General |
Balance at 01/04/2020 £ 209,860 |
Incoming resources £ 152,004 152,004 Incoming resources £ 196,357 196,357 |
Outgoing resources £ (169,798) (169,798) Outgoing resources £ (191,801) (191,801) |
Balance at 31/03/2021 £ 192,066 192,066 Balance at 31/03/2020 £ 209,860 209,860 |
||
|---|---|---|---|---|---|---|
Purpose of unrestricted Funds
General
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
13. Analysis of net assets between funds
| . Analysis of net assets between funds | |||
|---|---|---|---|
| Tangible | Net current | Net | |
| fixed assets | assets/ | Assets | |
| (liabilities) | |||
| £ | £ | £ | |
| Unrestricted funds | |||
| General | |||
| General | 270,638 | (78,572) | 192,066 |
| 270,638 | (78,572) | 192,066 |
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CLIWOM SANCTUARY OF PRAISE Notes to the Financial Statements Continued For the year ended 31 March 2021
| Previous year Unrestricted funds General General |
Tangible fixed assets Net current assets / (liabilities) Net Assets £ £ £ 273,350 (63,490) 209,860 |
|---|---|
| 273,350 (63,490) 209,860 |
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CLIWOM SANCTUARY OF PRAISE Detailed Statement of Financial Activities For the year ended 31 March 2021
| INCOME AND ENDOWMENT Donations and legacies Donations Other income Other income 1 Total incoming resources EXPENDITURE Charitable activities Cost of direct charitable activity SUPPORT COSTS Governance costs Governance costs Total resources expended Net income/expenditure |
2021 £ 2020 £ 92,808 102,205 92,808 102,205 59,196 94,152 59,196 94,152 152,004 196,357 (168,298) (190,301) (168,298)(190,301) (1,500) (1,500) (1,500) (1,500) (169,798) (191,801) (17,794) 4,556 |
2020 £ 102,205 |
|---|---|---|
| 102,205 94,152 |
||
| 94,152 | ||
| 196,357 |
12 of 12 This page does not form part of the statutory financial statements