2021-03-31-accounts - Eikoku Iesu No Mitama Kyokai

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Charity registration number 1088146

EIKOKU IESU NO MITAMA KYOKAI

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2021

EIKOKU IESU NO MITAMA KYOKAI FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

INDEX	Page
Legal and Administrative Information	1
Trustees’ Report	2 - 3
Independent Examiner’s Report	4
Statement of Financial Activities	5
Balance Sheet	6
Notes forming part of the Financial Statements	7 - 12

EIKOKU IESU NO MITAMA KYOKAI

LEGAL AND ADMINISTRATIVE INFORMATION

FOR THE YEAR ENDED 31 MARCH 2021

CONSTITUTION

Eikoku Iesu No Mitama Kyokai is governed by its charitable Trust Deed dated 1 July 2001.

TRUSTEES

The directors of the Charity are its Trustees and throughout this report are collectively referred to as the Trustees.

The Trustees who served during the year were as follows:

Reverend S Kawamura Reverend Y Kawamura Reverend M Kawamura M Koshino S Shikayama M Mackie R Tahara

REGISTERED OFFICE

27 Valley Drive London NW9 9NJ

INDEPENDENT EXAMINER

Anthony Epton Goldwins 75 Maygrove Road West Hampstead London NW6 2EG

BANKERS :

Barclays Bank PLC Kensington and Chelsea

SOLICITORS :

Mr Sohail Afzal SHAAD Linton House 39-51 Highgate Road London NW5 1RS

EIKOKU IESU NO MITAMA KYOKAI

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2021

The Trustees are please to present their report together with the financial statements of the charity for the year ended 31 March 2021.

OBJECTS OF THE CHARITY

The objects of the Trust are to advance the Christian faith in the United Kingdom and elsewhere in accordance with the teaching of the late Bishop Jun Murai.

ORGANISATION

The Trustees meet on a regular basis throughout the year to administer the Charity.

INVESTMENT POWERS

In accordance with the Trust Deed the Charity has the power to make any investment which the Trustees see fit.

REVIEW OF THE ACTIVITIES

Church has eight meeting places in Japan that is Hakodate, Tokyo, Nagoya, Osaka, Himeji, Kurayoshi, Takamatsu, Kochi, one in UK, one in San Francisco USA, one in Switzerland, one in Spain, one in Portugal, one in Italy. 56 (172 in 2020) people were baptized in this fiscal year. There was no annual convention during the year due to Covid-19 pandemic restrictions. Church aim is to worship the God, to preach the gospel, to establish and maintain the church inside and outside of this country and keep the faith according to the teaching of the Bible and the late Bishop Rev. Jun Murai. Donation and offering comes from members only, mainly from England and Japan.

PUBLIC BENEFIT

The principal activities of the charity during the year continued to be to advance the Christian faith in the United Kingdom and elsewhere in accordance with the teaching of the late Bishop Jun Murai. The trustees are aware of the Charity Commission guidance on public benefit reporting as set out in Section 17 Charities Act 2011. The trustees believe that the charity achieves a public benefit by providing these services as detailed earlier in this report.

RESERVES POLICY

The current level of free reserves, being the unrestricted funds not committed or invested in tangible fixed assets, is negative. The trustees have set a target level of free reserves of £180,000 which equates to 9 months of resources expended. This will enable the Charity to continue its current activities and allow it to respond quickly in the event of an emergency. The reserves policy will be reviewed annually.

EIKOKU IESU NO MITAMA KYOKAI

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2021

RISK MANAGEMENT

The trustees have identified the major risks affecting the Charity and are taking necessary steps to monitor and control these risks to mitigate any impact they may have on the Charity in the future. The risks are reviewed on an ongoing basis.

By order of the Trustees on 16[th] October 2021.

Reverend Satoshi Kawamura Trustee

EIKOKU IESU NO MITAMA KYOKAI

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF

EIKOKU IESU NO MITAMA KYOKAI

I report to the trustees on my examination of the accounts of the Eikoku Iesu No Mitama Kyokai (EINMK) for the year ended 31 March 2021.

Responsibilities and basis of report

As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Trust’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 examiner’s statement

I have completed my examination. I confirm that no material 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 Trust as required by section 130 of the Act; or
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.

Anthony Epton BA FCA CTA FCIE Goldwins Chartered accountants 75 Maygrove Road West Hampstead London NW6 2EG

1[st ] April 2022

EIKOKU IESU NO MITAMA KYOKAI

Statement of financial activities (incorporating an income and expenditure account) For the year ended 31 March 2021

Unrestricted Funds £ 181,335 -	2021 Total Funds £ 181,335 -	Unrestricted Funds £ 206,261 -	2020 Total Funds £ 206,261 -
181,335	181,335	206,261	206,261
192,794	192,794	223,077	223,077
192,794	192,794	223,077	223,077
(11,459) -	(11,459) -	(16,816) -	(16,816) -
(11,459) 101,612	(11,459) 101,612	(16,816) 118,428	(16,816) 118,428
90,153	90,153	101,612	101,612

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 13 to the financial statements.

EIKOKU IESU NO MITAMA KYOKAI

Balance sheet

As at 31 March 2021

2021 £ 1,575 23,867	2021 £ 280,845 (84,285)	2020 £ 1,575 28,264	2020 £ 309,775 (81,324)
25,442 109,727		29,839 111,163
90,153		101,612
	196,560 106,407		228,451 126,839
	90,153 -		101,612 -
	90,153		101,612
	90,153		101,612

	90,153		101,612

Approved by the trustees on 01/04/2022. and signed on their behalf by:

Reverend S Kawamura Trustee

The attached notes form part of the financial statements.

EIKOKU IESU NO MITAMA KYOKAI Notes to the financial statements For the year ended 31 March 2021

1 Accounting policies

a) Basis of preparation

The financial statements have been prepared in accordance with 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) - (Charities SORP FRS 102).

b) Going concern

The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern.

c) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Income from government and other grants, whether grants or grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Income received in advance for the provision of specified service is deferred until the criteria for income recognition are met.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.

d) Donations of gifts, services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised so refer to the annual report for more information about their contribution.

On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

e) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

f) Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the

Notes to the financial statements For the year ended 31 March 2021

1 Accounting policies (continued)

g) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Costs of raising funds comprise of trading costs and the costs incurred by the charity in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose. Other expenditure represents those items not falling into any other heading.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

h) Allocation of support costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated are set out in note 3.

i) Tangible fixed assets

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Freehold land and buildings	4 %
Fixtures, fittings and equipment	25 %
Motor vehicle	25 %

j) 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.

k) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

l) Creditors and provisions

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.

2 Income from donations and legacies

Donations, gifts and deed of covenants	2021 2020 Unrestricted Funds Total Funds Unrestricted Funds Total Funds £ £ £ £ 181,335 181,335 206,261 206,261
	181,335 181,335 206,261 206,261

EIKOKU IESU NO MITAMA KYOKAI Notes to the financial statements For the year ended 31 March 2021

3 Analysis of expenditure

Staff costs *Direct cost* Travel and subsistence Gifts and donations *Support cost* Printing, postage and stationary Telephone Legal and accountancy fee Insurance Rent, rates and ancillary maintenance cost Flower and plants Medical expenses Sundry cost Mortgage interest Depreciation Bank charges Total expenditure 2021 Total expenditure 2020	Charitable activities £ 35,412 61,494 4,665 943 3,626 6,118 5,836 24,275 145 7,845 5,749 1,450 28,930 6,306 192,794 223,077	2021 Total £ 35,412 61,494 4,665 943 3,626 6,118 5,836 24,275 145 7,845 5,749 1,450 28,930 6,306 192,794 223,077	2020 Total £ 35,732 79,561 1,638 1,047 3,932 4,690 6,528 20,643 4,888 8,810 15,685 3,080 30,071 6,772
			223,077

All of the expenditure £192,794 was unrestricted (2020:£223,077).

Analysis of expenditure-prior year

Staff costs *Direct cost* Travel and subsistence Gifts and donations *Support cost* Printing, postage and stationary Telephone Legal and accountancy fee Insurance Rent, rates and ancillary maintenance cost Flower and plants Medical expenses Sundry cost Mortgage interest Depreciation Bank charges Total expenditure 2020	Charitable activities £ 35,732 79,561 1,638 1,047 3,932 4,690 6,528 20,643 4,888 8,810 15,685 3,080 30,071 6,772 223,077	2020 Total £ 35,732 79,561 1,638 1,047 3,932 4,690 6,528 20,643 4,888 8,810 15,685 3,080 30,071 6,772 223,077	2019 Total £ 35,372 80,270 3,280 964 4,206 5,077 6,713 19,488 3,401 5,064 12,643 2,364 30,116 6,061
			215,019

EIKOKU IESU NO MITAMA KYOKAI Notes to the financial statements For the year ended 31 March 2021

4 Net incoming resources for the year

This is stated after charging / crediting:

Depreciation Examiner's Fees	2021 £ 1,950 28,930	2020 £ 1,950 30,071

5 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel

Staff costs were as follows:

Pension Salaries and wages	2021 £ 35,412 - 35,412	2020 £ 35,782 (50)
		35,732

The total employee benefits including pension contributions of the key management personnel were £13,093 (2020: £13,251).

No employees earned more than £60,000 per annum.

The charity trustees were not paid or received any other benefits from employment with the charity in the year (2020: £nil). No charity trustee received payment for professional or other services supplied to the charity (2020: £nil).

No trustees received any payment or reimbursement of travel and subsistence costs.

6 Staff numbers

The average number of employees (head count based on number of staff employed) during the year was as follows:

Charitable activity Support	2021 No. 1.5 1.5 3	2020 No. 1.5 1.5
		3

7 Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

EIKOKU IESU NO MITAMA KYOKAI Notes to the financial statements For the year ended 31 March 2021

8 Tangible fixed assets

Cost At the start of the year Additions in year Disposals in year At the end of the year Depreciation At the start of the year Charge for the year Eliminated on disposal At the end of the year Net book value At the end of the year At the start of the year 9 10 11 Creditors: amounts falling due after one year Payable to trustees Other creditors Loan Accruals Net wages Sundry debtors Taxation & social security Creditors: amounts falling due within one year Debtors	£ 720,316 - - 720,316 424,895 28,813 - 453,708 266,608 295,421 Properties	£ 59,035 - - 59,035 44,681 117 - 44,798 14,237 14,354 Fixtures, fittings & equipment	£ 15,953 - - 15,953 15,953 - - 15,953 - - 2021 £ 1,575 Motor Vehicle	Total £ 795,304 - -
				795,304
				485,529 28,930 -
				514,459
				280,845
				309,775
				2020 £ 1,575
			1,575	1,575
			2021 £ 143 103,094 2,740 1,950 1,800 109,727 2021 £ 106,407 106,407	2020 £ 157 101,971 2,730 1,950 4,355
				111,163
				2020 £ 126,839
				126,839

The bank loans are secured on charity assets and are repayable after more than five years.

EIKOKU IESU NO MITAMA KYOKAI Notes to the financial statements For the year ended 31 March 2021

12 Analysis of net assets between funds

Tangible fixed assets Net current assets / (liabilities) Net assets at the end of the year Tangible fixed assets Net current assets / (liabilities) Net assets at the end of the year 13 Movements in funds £ General funds Total Unrestricted Funds 101,612 Total unrestricted funds 101,612 Total funds 101,612 Movements in funds-prior year £ General funds Total Unrestricted Funds 118,428 Total unrestricted funds 118,428 Total funds 118,428 At the start of the year Mortgage loan At the start of the year Analysis of net assets between funds-prior year Mortgage loan	General Unrestricted Funds £ 280,845 (84,285) (106,407) 90,153 General Unrestricted Funds £ 309,775 (81,324) (126,839) 101,612 £ 181,335 181,335 181,335 £ 206,261 206,261 206,261 Incoming resources & gains Incoming resources & gains	Designated Funds £ - - - Designated Funds £ - - - - £ 192,794 192,794 192,794 £ 223,077 223,077 223,077 Outgoing resources & losses Outgoing resources & losses	Restricted Funds £ - - - Restricted Funds £ - - - - Transfers £ -	Total funds £ 280,845 (84,285) (106,407)
				90,153
				Total funds £ 309,775 (81,324) (126,839)
				101,612
				£ 90,153 At the end of the year
			-	90,153
			- Transfers £ - - -
				90,153
				£ 101,612 At the end of the year
				101,612

				101,612

14 Related party transactions Trustees have lent the charity £103,094 (2020: £101,971). There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.