2022-03-31-accounts

Charity number: 1087928

CLIWOM SANCTUARY OF PRAISE

Report of the Trustees and Financial Statements

For the year ended 31 March 2022

CLIWOM SANCTUARY OF PRAISE Contents Page For the year ended 31 March 2022

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 2022

The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 March 2022. 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 ACCOUNTANCY SERVICES 270 Slade Green Road Erith DA8 2JN

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CLIWOM SANCTUARY OF PRAISE Report of the Trustees Continued For the year ended 31 March 2022

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

.......................................... Miss Stella Balogun 12 January 2023

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CLIWOM SANCTUARY OF PRAISE Independent Examiners Report to the Trustees For the year ended 31 March 2022

I report to the trustees on my examination of the accounts of the charity for the year ended 31 March 2022.

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.

JRK ACCOUNTANCY SERVICES

270 Slade Green Road

Erith DA8 2JN

12 January 2023

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CLIWOM SANCTUARY OF PRAISE Statement of Financial Activities For the year ended 31 March 2022

CLIWOM SANCTUARY OF PRAISE Statement of Financial Activities For the year ended 31 March 2022
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 £ 106,365 72,929 179,294 (167,746) (167,746) 11,548 192,066 203,614	2021 £ 92,808 59,196
		152,004
		(169,798)
		(169,798)
		(17,794) 209,860
	203,614	192,066

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CLIWOM SANCTUARY OF PRAISE Statement of Financial Position As at 31 March 2022

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	2022 £ 268,551 268,551 1,865 47,153 49,018 (72,829) (23,811) 244,740	2021 £ 270,638
		270,638
		6,124 20,559
		26,683
		(55,255) (28,572)
		242,066
	(41,126) 203,614 203,614 203,614	(50,000)
		192,066
		192,066
		192,066

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

Miss Stella Balogun Trustee 12 January 2023

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CLIWOM SANCTUARY OF PRAISE Notes to the Financial Statements For the year ended 31 March 2022

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	2022 £ 106,365 106,365	2021 £ 92,808
		92,808

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CLIWOM SANCTUARY OF PRAISE Notes to the Financial Statements Continued For the year ended 31 March 2022

3. Other income

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	2022 £ 72,929 72,929 2022 £ 166,246 1,500 167,746 2022 £ 166,246 2022 £ 1,500	2021 £ 59,196 59,196 2021 £ 168,298 1,500 169,798
		2021 £ 168,298 2021 £ 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):

	2022	2021
	£	£
Depreciation of owned fixed assets	2,087	2,712
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 2022

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 2021 Additions Revaluations At 31 March 2022 Depreciation At 01 April 2021 Charge for year At 31 March 2022 Net book values At 31 March 2022 At 31 March 2021	Land and Buildings £ 355,095 - - 355,095 89,421 845 90,266 264,829 265,674	Motor Vehicles £ 30,455 - - 30,455 29,968 122 30,090 365 487	Fixtures and Fittings £ 42,443 - - 42,443 40,640 451 41,091 1,352 1,803	Computer Equipment £ 167,230 - - 167,230 164,556 669 165,225 2,005 2,674	Total £ 595,223 - -
					595,223
					324,585 2,087
					326,672
					268,551
					270,638

10. Debtors

Amounts due within one year: Other debtors		2022 £ 1,865 1,865	2021 £ 6,124
			6,124

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CLIWOM SANCTUARY OF PRAISE Notes to the Financial Statements Continued For the year ended 31 March 2022

11. Creditors

Creditors: amounts falling due within one year

Other creditors Creditors: amounts falling due after more than one year Bank Loans	2022 £ 72,829 72,829 2022 £ 41,126 41,126	2021 £ 55,255
		55,255
		2021 £ 50,000
		50,000

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CLIWOM SANCTUARY OF PRAISE Notes to the Financial Statements Continued For the year ended 31 March 2022

12. Movement in funds

Unrestricted Funds General General Unrestricted Funds - Previous year General General		Balance at 01/04/2021 £ 192,066		Incoming resources £ 179,294 179,294 Incoming resources £ 152,004 152,004	Outgoing resources £ (167,746) (167,746) Outgoing resources £ (169,798) (169,798)	Balance at 31/03/2022 £ 203,614
						203,614
						Balance at 31/03/2021 £ 192,066
						192,066

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	268,551	(64,937)	203,614
	268,551	(64,937)	203,614

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CLIWOM SANCTUARY OF PRAISE Notes to the Financial Statements Continued For the year ended 31 March 2022

Previous year

Previous year
Unrestricted funds General General	Tangible fixed assets Net current assets / (liabilities) Net Assets £ £ £ 270,638 (78,572) 192,066
	270,638 (78,572) 192,066

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CLIWOM SANCTUARY OF PRAISE Detailed Statement of Financial Activities For the year ended 31 March 2022

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	2022 £ 106,365 106,365 72,929 72,929 179,294 (166,246) (166,246) (1,500) (1,500) (167,746) 11,548	2021 £ 92,808
		92,808 59,196
		59,196
		152,004
		(168,298)
		(168,298) (1,500) (1,500) (169,798) (17,794)

12 of 12 This page does not form part of the statutory financial statements