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2021-12-31-accounts

Charity registration number 1089367

DERBY HALL CHRISTIAN ASSEMBLY

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

DERBY HALL CHRISTIAN ASSEMBLY

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Rev S Akwaka Mr L Okraku Mrs E Assensoh Charity number 1089367 Principal address 32-36 Clarendon Road London N8 0DJ Independent examiner Kirk Rice LLP The Courtyard High Street Ascot Berkshire SL5 7HP

(Appointed 31 March 2021)

DERBY HALL CHRISTIAN ASSEMBLY

CONTENTS

Page
Trustee's report 1 - 5
Independent examiner's report 6
Statement of financial activities 7
Balance sheet 8
Notes to the financial statements 9 - 15

DERBY HALL CHRISTIAN ASSEMBLY

TRUSTEE'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

The trustees present their report and financial statements for the year ended 31 December 2021.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "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 2019)".

Objectives and activities

The objectives of the Charity are;

a) Advancement of the Christian Faith in the United Kingdom and abroad.

b) The relief of the persons who are in conditions of need, hardship or distress or who are aged or sick, in the United Kingdom and abroad.

c) To advance education in such ways and in such parts of the United Kingdom or the world as the Church Council from time to time may think fit.

The principal activities of the Charity are worship and the involvement of various ministries in propagating Christian tenets to both members and non-members of the ministry, at various meetings.

Public Benefit

In carrying out the review of activities during the year, the trustees have considered the Charity Commission's general guidance on public benefit and in particular its supplementary public guidance on the advancement of religion for public benefit. The trustees consider that the following activities below provided benefit to members of the church, the local and international community.

Worship,Teaching and Prayer

We provide and maintain a church building for regular meetings of worship and teachings of the Christian faith where we seek to bring people to a faith in Jesus Christ and encourage them to contribute meaningfully to their community.

We also have supplementary rooms for children and young people to worship.

Worship and teaching occurred at meetings on Wednesday, Friday and Sundays.

Over the year there were various external speakers from the UK and abroad who were invited to inform and encourage worshippers.

Youth Activities

The church continued to develop a number of initiatives to enhance the youth group.

We organised activities directed at encouraging young people both within and outside the church family to learn life transforming principles.

Pastoral Care

As part of our pastoral care our ministry team and the Pastor look after the spiritual wellbeing of the members and the attendants at the Church and this includes regular marriage ceremonies, dedication of babies and funerals. The ministry team and the Pastor make general and specific visits to people who are sick, bereaved and on other occasions.

As noted in the Church's policy, sometimes it becomes necessary to administer financial support to members of the congregation, who are in dire financial need.

The year under review posed a novel challenge to pastoral care due to the COVID protocols, however innovative means of ‘no physical contact’ and online engagement made connections possible.

DERBY HALL CHRISTIAN ASSEMBLY

TRUSTEE'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

The following Church services and events we provide are available to everyone in the community;

Bereavement counselling, hospital visits, welfare provision, prayer support, men's meeting events, women's meetings events, youth meetings, pre-marital counselling, singles' seminars, marriage seminars, child dedication, Sunday schools and a foodbank.

Our Achievements include the following

The year was a remarkable year coming out of Covid 19 but still in partial lockdown with localized restrictions. Our theme was appropriately titled “We are Overcomers” The resilience of members was palpable with their active engagement in Church activities both virtually and physically. Members testify that their faith in God plus the spiritual nourishment they receive from the church helped them cope with the difficult conditions. The fasting and prayer with Prophet Desmond Tutu. Once lockdown was lifted members celebrated the goodness of God with our maiden praise event. These activities enriched our worship experience in connecting us to a higher purpose for the year ahead.

Sunday services resumed physical contact but also continued to be streamed to a waiting audience at home. Sunday school and youth work was held online via Zoom on Saturdays and Thursday. Whole Church prayer meeting was held on Mondays via Zoom and prayer and school of the Bible was streamed via Facebook and YouTube on Wednesdays.

The foodbank was also operating to aid people in need. Despite the vagaries of the pandemic, there was no let up in our resolve to meet the physical, spiritual, social and emotional needs of members and non- members. Our activities rather increased and intensified.

Christmas dinner was cancelled for obvious reasons but Launch Out service to welcome the new year was held

with all protocols duly observed.

The foodbank outreach continued to support and sustain many who were in need. It has become essential to our message of transformation and hope.

Financial review

Transactions and Financial position

The financial accounts are set out on pages 8-15.

The trustees consider the financial performance by the charity during the year has been satisfactory.

The Statement of Financial Activities show gross resources for the year of a revenue nature of £48,605. Total resources expended were £56,525 and hence a total of £7,920 was realised as net deficit. Reserves at the yearend after the realised surplus stand at £386,395.

Members are, nonetheless, being encouraged to increase their giving.

Reserves Policy

Reserves left at year end were £386,395. These reserves are earmarked chiefly for future building projects including Manse and building projects and other undertakings of capital nature. Trustees as part of the yearly budget review decide what reserves for the year ending are to be used for.

Specific changes in fixed assets

Changes in fixed assets are shown in detail in the notes to the accounts. Office, Fixtures, fittings, furnishing and musical equipment of £750.00 were the additions to the fixed assets during the year. There were no revaluations of the Freehold land & buildings in the year.

Availability and adequacy of assets of each of the funds

The board of trustees is satisfied that the charity's assets are available and adequate to fulfil its obligations.

DERBY HALL CHRISTIAN ASSEMBLY

TRUSTEE'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

Effectiveness of fundraising policies and Principal funding sources

The charity relies on the offerings, tithes and various donations from the members as identified in the accounts, whose support is greatly valued.

Other areas of sources of funds are:

Covenant Gift Aid (from the HM Revenue & Customs) and bank investment interests. These funds enabled the Charity to carry out its obligations during the year. Due to Covid-19 Rental income from nursery and French church is no longer available and Charity is looking to generate extra funds by encouraging members to give generously to support the charity whilst expenditure is managed effectively.

Investments

The HSBC accounts were closed and monies transferred to the main CAF account.

These are the short to medium term strategic goals for the Charity:-

Risks

1. Financial

The charity is open to the usual financial risks of any organisation, and the charity has introduced controls to minimize these risks, such as by requiring two signatures for payments made from the bank account. There is also stringent vetting of all gift aid claims.

2. Fraud

No evidence of fraud was found in the charity’s operations.

3. Other

Work with children and vulnerable adults requires further assessment of risk. The policy is that visitations, counselling and any work involving children are done in pairs. New volunteers to the Children's ministry are recruited on the basis of the AOG policy for the recruitment of volunteers for the Children's ministry, in line with Government policy.

Structure, governance and management

The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.

The pastor and the partners retain oversight of matters spiritual. The Trustees who served and are responsible for the Charity during the year and up to the date of signature of the financial statements were:

Rev S Akwaka Mr L Okraku Ms A Reid (Resigned 31 March 2021) Mrs E Assensoh (Appointed 31 March 2021)

DERBY HALL CHRISTIAN ASSEMBLY

TRUSTEE'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

The Senior Minister shall nominate and the Church Council shall from time to time appoint.

The names and addresses of the members of the Church Council shall be entered in the Church records.

The minimum number of members of the Church Council shall be three.

The Officers of the Church shall be the Chairperson, Secretary and Treasurer. The Chairperson shall be the Senior Minister of the Church from time to time unless the Church Council (in the absence of a Minister or if the Minister declines) shall resolve otherwise. The Secretary and the Treasurer shall be appointed by the Church Council but need not be members of the Church Council.

Every member of the Church Council after appointment or election or reappointment must sign a declaration of willingness to be on the Church Council and to act in the charitable trusts of the Church before he or she may vote at any Church Council meeting.

The Church Council shall meet at least four times in each Year and shall regulate its own proceedings and may make regulations to deal with the appointment of ministers, elders, deacons’ other appointees and church staff.

A quorum of a meeting of the Church Council shall be three, or one third of its members whichever is the higher number.

A meeting of the Church Council may be held either in person or by suitable electronic means agreed by the Church Council in which all participants may communicate with all other participants.

The Chairperson or (if the Chairperson is unable or unwilling to do so) some other member of the Church Council chosen by the Church Council members present presides at each meeting of the Church Council.

Every issue must be determined by a simple majority of the votes cast at a meeting of the Church Council but a resolution which is in writing and is signed by all members of the Church Council is as valid as a resolution passed at a meeting, and for this purpose the resolution may be contained in more than one document and will be treated as passed on the date of the last signature.

A member of the Church Council is not entitled to vote by proxy.

  1. A procedural defect of which the Church Council is unaware at the time does not invalidate decisions taken at a meeting of the Church Council.

  2. Whenever a member of the Church Council has a personal interest in a matter to be discussed at a meeting of the Church Council or a committee , he or she must:

  3. I. declare an interest before the meeting or at the meeting before discussion begins on the matter;

  4. II. be absent from that part of the meeting unless expressly invited to remain in order to provide information;

III. not be counted in the quorum for that part of the meeting;

IV. be absent during the vote and have no vote on the matter.

Trustees must sign a declaration of willingness to serve and complete an MLC2 form for money laundering purposes.

Trustees will receive an induction pack and attend regular scheduled trainings.

DERBY HALL CHRISTIAN ASSEMBLY

TRUSTEE'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

Who we are:

We are a family where everyone belongs through fellowship and friendship.

We’re a missionally focused church as we believe in the equipping of the saints for the works of ministry.

2021 The Year of Overcomers

Spiritual Oversight/Partners

The Spiritual Oversight work with the Pastor to oversee spiritual matters. Meetings are scheduled on a regular basis, as and when required. All matters are subject to prayer, the Bible and God's direction.

Responsibilities of the Trustees:

The trustees are responsible for preparing the Trustee's Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustee's report was approved by the Board of Trustees.

..............................

Rev S Akwaka

Trustee 02/12/2022 Dated: .........................

DERBY HALL CHRISTIAN ASSEMBLY

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DERBY HALL CHRISTIAN ASSEMBLY

I report to the trustees on my examination of the financial statements of Derby Hall Christian Assembly (the charity) for the year ended 31 December 2021.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

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:

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 financial statements to be reached.

Kirk Rice LLP

Timothy David Neale FCA Victoria House 178-180 Fleet Rd Fleet Hampshire GU51 4DA

02/12/2022 Dated: .........................

DERBY HALL CHRISTIAN ASSEMBLY

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2021

**Unrestricted ** Unrestricted Unrestricted
funds funds
2021 2020
Notes £ £
Income from:
Donations and legacies 3 37,866 47,103
Other trading activities 4 8,499 22,147
Investments 5 2,240 16,070
Total income 48,605 85,320
Expenditure on:
Charitable activities
Charitable Expenditure 6 52,214 50,172
Total charitable expenditure 52,214 50,172
Other 10 4,311 5,495
Total expenditure 56,525 55,667
Net (expenditure)/income for the year/
Net movement in funds (7,920) 29,653
Fund balances at 1 January 2021 394,315 364,662
Fund balances at 31 December 2021 386,395 394,315

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

DERBY HALL CHRISTIAN ASSEMBLY

BALANCE SHEET

AS AT 31 DECEMBER 2021

2021 2020
Notes £ £ £ £
Fixed assets
Tangible assets 11 317,878 320,848
Current assets
Debtors 12 20,979 18,729
Cash at bank and in hand 54,806 59,189
75,785 77,918
Creditors: amounts falling due within
one year 13 (7,268) (4,451)
Net current assets 68,517 73,467
Total assets less current liabilities 386,395 394,315
Income funds
Unrestricted funds 386,395 394,315
386,395 394,315

02/12/2022 The financial statements were approved by the Trustees on .........................

.............................. Rev S Akwaka Trustee

DERBY HALL CHRISTIAN ASSEMBLY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

1 Accounting policies

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011 and "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 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

1.5 Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

DERBY HALL CHRISTIAN ASSEMBLY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

1 Accounting policies

(Continued)

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold property N/A Improvements to property 20% on cost Plant and machinery 10% on cost Equipment 20% on reducing balance Motor vehicles 20% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Employee benefits

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

Unrestricted Unrestricted
funds funds
2021 2020
£ £
Donations and gifts 37,648 42,585
Other 218 4,518

DERBY HALL CHRISTIAN ASSEMBLY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

4 Other trading activities

Unrestricted Unrestricted Unrestricted Unrestricted
funds funds
2021 2020
£ £
Trading activity income: other 8,499 22,147
5 Investments
Unrestricted Unrestricted
funds funds
2021 2020
£ £
Rental income 2,240 16,070
6 Charitable activities
Charitable
Charitable
Expenditure Expenditure
2021 2020
£ £
Staff costs 26,168 22,658
Welfare donations 1,450 4,323
Events 1,150 125
Cleaning - 1,016
Subscriptions 2,257 2,025
Rental income bad debt write off 6,249 -
37,274 30,147
Share of support costs (see note 7) 11,449 15,035
Share of governance costs (see note 7) 3,491 4,990
52,214 50,172

DERBY HALL CHRISTIAN ASSEMBLY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

7 Support costs

Support costs
Support
Governance		 2021 Support
Governance		 2020
costs costs costs costs
£ £ £ £ £ £
Depreciation 3,719 - 3,719 2,711 - 2,711
Bank loan interest 96 - 96 60 - 60
Insurance 900 - 900 860 - 860
Organist & musical
services 3,665 - 3,665 3,470 - 3,470
Telephone 223 - 223 1,484 - 1,484
Photocopiers 1,442 - 1,442 1,354 - 1,354
Accountancy and legal
fees - 3,491 3,491 - 4,990 4,990
Licenses 145 - 145 140 - 140
Gas and electricity 1,259 - 1,259 2,779 - 2,779
Relocation costs - - - 2,177 - 2,177
11,449 3,491 14,940 15,035 4,990 20,025
Analysed between
Charitable activities 11,449 3,491 14,940 15,035 4,990 20,025

Governance costs includes payments to the Independent Examiners of £1,950 (2020- £1,800).

8 Trustees

During the year to 31 December 2021, wages of £24,708 (2020: £22,348) were paid to Pastor S Akwaka and pension contributions of £1,460 (2020: £0) on his behalf. This was for pastoral duties carried out for the charity. Pastor S Akwaka is permanently employed by the Charity as a Senior Minister, hence his remuneration. In addition, it's one of the requirements as Head Pastor to serve the board as a trustee.

During the year to 31 December 2021, accountancy fees of £500 (2020: £500) were paid to L Okraku.

Trustee's expenses

During the year to 31 December 2021, expenses were reimbursed to S Akwaka to the value of £1,954 (2020: £1,879) and to L Okraku to the value of £2,010 (2020: £1,500).

All reimbursed trustee's expenses relate to business expenses paid personally.

9 Employees

The average monthly number of employees during the year was:

2021 2020
Number Number
1 1

DERBY HALL CHRISTIAN ASSEMBLY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

9 Employees (Continued)
Employment costs 2021 2020
£ £
Wages and salaries 24,708 22,658
Other pension costs 1,460 -
26,168 22,658

No employee received emoluments in excess of £60,000.

10 Other

Unrestricted Unrestricted
funds funds
2021 2020
Other office expenses 2,111 3,633
Establishment costs 2,200 1,862
4,311 5,495

DERBY HALL CHRISTIAN ASSEMBLY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

11 Tangible fixed assets

Tangible fixed assets
Freehold Improvements Plant and Equipment Motor vehicles Total
property to property machinery
£ £ £ £ £ £
Cost
At 1 January 2021 302,748 3,773 12,374 38,673 2,000 359,568
Additions - - - 750 - 750
At 31 December 2021 302,748 3,773 12,374 39,423 2,000 360,318
Depreciation and impairment
At 1 January 2021 - 3,773 10,833 22,115 2,000 38,721
Depreciation charged in the year - - 257 3,462 - 3,719
At 31 December 2021 - 3,773 11,090 25,577 2,000 42,440
Carrying amount
At 31 December 2021 302,748 - 1,284 13,846 - 317,878
At 31 December 2020 302,748 - 1,541 16,559 - 320,848

DERBY HALL CHRISTIAN ASSEMBLY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

12 Debtors

Debtors
2021 2020
Amounts falling due within one year: £ £
Other debtors - 6,249
Prepayments and accrued income 20,979 12,480
20,979 18,729
Creditors: amounts falling due within one year
2021 2020
£ £
Other creditors 157 -
Accruals and deferred income 7,111 4,451
7,268 4,451

13 Creditors: amounts falling due within one year

14 Related party transactions

There were no disclosable related party transactions during the year other than those disclosed in note 8.