## **Company number: 4296006 Registered charity number: 1093126**
## **UNIVERSITY BIBLE FELLOWSHIP CHURCH ANNUAL REPORT AND ACCOUNTS**
**31[st] DECEMBER 2021**
**UNIVERSITY BIBLE FELLOWSHIP CHURCH**
## **CONTENTS**
||Page Nos.|
|---|---|
|Company information|3|
|Annual review of activities:|4 - 5|
|Serving students|4|
|Self-support and co-working|4|
|Working with the wider church|5|
|Activity expenditure explained|6|
|Independent examiner’s report to the Management members|
7|
|Income and expenditure account|8|
|Balance Sheet|9|
|Notes forming part of the Financial Statements|10|
2
**UNIVERSITY BIBLE FELLOWSHIP CHURCH**
## **COMPANY INFORMATION**
## **Members of the Management committee**
Dr James Wood Mr Dong Kyu Kim Mr Paul Ridge Mr Darren Hildrow Mrs Sunny Park Mrs Joanna Ridge
## **Bankers**
HSBC Bank Plc 31 Euston Road Euston London NW1 2ST
## **Independent examiner**
Abrahaley Mebrahtu, FCCA, MBA 6 Church View Freeland, Witney Oxfordshire OX29 8HT
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**UNIVERSITY BIBLE FELLOWSHIP CHURCH**
## **DIRECTORS’ REPORT**
## **Annual Review of activities 2021**
The first three months of the year continued as we prayed for. Student seminars, serving younger people int eh community. We focused on 2 Corinthians where Paul says, (4:810), ‘We are afflicted in every way, but not crushed; perplexed, but not driven to despair; persecuted, but not forsaken; struck down, but not destroyed; always carrying in the body the death of Jesus, so that the life of Jesus may also be manifested in our bodies.’ Although we would not be afflicted in _every_ way we soon had the opportunity to discover what it meant to be afflicted and to learn to depend on Jesus.
In the last weekend of March, we entered a full long lockdown. Suddenly everyone was at home all day every day and completing normal tasks, like buying food, became a challenge. All our usual activities were complicated because we could not meet and at the beginning of this period several people became very unwell, probably with the Covid virus but without testing no one could be sure!
Yet we soon adapted and within a few weeks had developed ways of doing most things online. In April we had our first online bible conference and soon began to record daily bread to be shared by email each morning. As the lockdown continued, we developed more new ways of worshipping and working together. There was online worship and even new students. Amazingly we could hold and meet at an autumn conference in the last weekend of October.
This year has seen God’s blessing on Oxford. There was a marriage within the ministry and despite the darkness of the pandemic the ministry could serve and bless people.
## **Serving students**
Despite the pandemic we have been able to continue to offer services during the week and over the course of the year open to the community. With a focus on teaching, we aim to educate and inform others about the Christian faith.
- Public weekly service via zoom
- Specialise seminars particularly for younger kids and teens – both on zoom and in person
- Bible studies – personal and public conferences
- Work with other ministries and organisations where possible. We could support ministries in Hungary, Nigeria, and Zimbabwe.
## **Self-support and co-working**
The charity has no full time or paid workers. Nobody is paid a salary or any form of income. Self-support in London while sustaining the ministry on top of answering the demands of work and children is not easy.
4
**UNIVERSITY BIBLE FELLOWSHIP CHURCH**
## **DIRECTORS’ REPORT**
## **Working with the wider church**
As members of the Evangelical Alliance, we pray to co-work well with other ministries and are based within the Methodist Church. We have a Baptist Pastor, and theologian Mark Sury, who works both with CCC and UCCF as an advisor. As well as praying for UCL, Kingston, Winchester, Roehampton, Goldsmiths, Oxford, 50and Cambridge Universities. This year we were able to send funds and support ministries in Hungary, Nigeria and Zimbabwe providing much needed support and aid.
5
**UNIVERSITY BIBLE FELLOWSHIP CHURCH**
## **DIRECTORS’ REPORT**
## **Activity expenditures explained**
## **Accommodation & subsistence**
We rented space within Archway Methodist Church with rental costs for the building, a public worship hall, children’s space, public meeting area and the associated premises expenses.
## **Travel and educational support**
As part of an international ministry, we attended conferences across the world and funded support for missionaries in need of a furlough.
## **Financial support to headquarter & others**
We gave 10% of our income for world mission. In addition, over the year gifts or support was made to missions and charities e.g., Shelter, Ugandan aid, and Nigeria.
## **Conference and meetings**
We held public conferences in Ashburnham, regular weekly meetings, often with food. Although a voluntary charge may be made for some events, we seek to support the costs where people cannot afford.
Paul Ridge
23 September 2022
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**UNIVERSITY BIBLE FELLOWSHIP CHURCH**
## **INDEPENDENT EXAMINER’S REPORT TO THE MANAGEMENT MEMBERS OF UNVIERSITY BIBLE FELLOWSHIP CHURCH**
I report on accounts of the Church for the year ended on 31[st] December 2021, which are set out on pages from 8 to 10.
## **Respective responsibilities of the Management Members and the examiner**
As the charity’s Management Members, you are responsible for the preparation of the accounts; you consider that an audit is not required for this period under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to:
- examine the accounts under section 145 of the Charities Act,
- follow the procedures specified in the General Directions given by the Charity Commissioners under section 145(5)(b) of the Charities 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 Commissioners. 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 undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
## **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 section 130 of the Charities Act; and
- to prepare accounts which accord with accounting records and to comply with the accounting requirements of the Charities 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.
Abrahaley Mebrahtu FCCA, MBA, and BSc. Hons 19 Lytton Avenue Enfield, Middlesex EN3 6EL
25 September 2022
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**UNIVERSITY BIBLE FELLOWSHIP CHURCH**
## **INCOME AND EXPENDITURE ACCOUNT**
|**For theyear ended on 31 December 2021**|**2020**
**£**
101,243
______
**101,243**
______
29,190
1,930
33,376
_________
64,496
5,116
3,592
1,887
________
10,595
________
75,091
________
**26,152**
=======|
|---|---|
|**2021**
**£**
**£**
**INCOME**
Gifts and donations received
92,681
________
**92,681**
________
**EXPENDITURE**
_Missionary support work_
Accommodation and subsistence
29,364
Travel and education support
3,996
Support to other missionaries
15,632
_______
48,992
_Administration_
Conference and meetings
16,071
Office furniture and IT expenses 2,156
Office overhead including professional fees 1,617
_________
19,844
_______
Total expenditure for the year 68,836
_______
**EXCESS OF INCOME OVER EXPENDITURE**
**23,845**
=======||
8
**UNIVERSITY BIBLE FELLOWSHIP CHURCH**
## **BALANCE SHEET As at 31 December 2021**
|**2021**
**£ £**
**CURRENT ASSETS**
Debtors
34,680
Cash at bank
261,622
Short term deposits
-
272,457
**CREDITORS: amounts falling**
**due within one year**
-
**NET CURRENT ASSETS**
296,302
________
**Total net assets 296,302**
=======
**REPRESENTED BY:**
General fund
272,457
Less: Excess of income over expenditure
for the year
23,845
_________
**296,302**
========
|**2020**
**£**
31,826
240,631
-
272,457
-
272,457
_______
272,457
=======
246,305
26,152
_______
272,457
======|
|---|---|
For the year ending 2021 the company was entitled to exemption from audit under 477 of the Companies Act 2006. No member has required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibility for: (1) Ensuring the company keeps accounting records which comply with the requirements of the Act; and (2) preparing accounts which give a true and fair view of the state of affairs of the company as at the end of this profit and loss for the financial year in accordance with the requirements of the Companies Act relating to accounts, so far as applicable to the company.
The accounts on pages 8 to 10 were approved by the Management Committee on 23 September 2021 and signed on their behalf by:
Paul Ridge 23 September 2021
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**UNIVERSITY BIBLE FELLOWSHIP CHURCH**
## **NOTES FORMING PART OF THE FINANCIAL STATEMENTS**
## **1. University Bible Fellowship Church**
The University Bible Fellowship Church is a company limited by guarantee (Number 4296006), the liability of the members of the company being limited to £1 each.
## **2. Principal accounting policies**
- (a) Accounting convention
The financial statements are prepared under the historic cost convention. In preparing the financial statements the Church follows the best practice in the UK as set out in Accounting and Reporting by Charities: Statement of Recommended Practice 2015 – FRS 102.
- (b) Income
Income is recognised in the period in which the charity is entitled to receipt and the amount can be measured with reasonable certainty. Income is deferred only when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.
- (c) Expenditures
Expenditures are included when incurred.
## (d) Depreciation
Furniture, fitting, and office equipment are depreciated at 25% straight-line basis.
- (e) Going concern
The cash and income of the charity has steadily increased in the last five years and based on this the trustees are in the view that there are no economic indicators that show that the sustainability of the charity is under threat in near future.
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