Company No. 04367325
Charity No.1096674
Jubilee Harvest Church Trustees Report and Financial Statements For the year ended 28 February 2021
Jubilee Harvest Church
Information
For the Year Ended 28 February 2021
| Trustees: | Mr Frank Kwesi Dadzie Aikins |
|---|---|
| Mr Frederick Okine Danso | |
| Miss Dora Mfodwaa | |
| Mrs Nancy Haizel | |
| Mr Edward Addai-Munuicum | |
| Mr Kingsley Obiri-Yeboah | |
| Registered Office: | 30 Sedgehill Road |
| Catford | |
| London | |
| SE6 3QT | |
| Charity number: | 1096674 |
| Company Number: | 4367325 |
| Accountants: |
Rocksons Chartered Certified Accountants |
|---|---|
| Suite 8 | |
| Stewart House | |
| 56 Longbridge Road | |
| Barking | |
| Essex | |
| IG11 8RW |
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Jubilee Harvest Church
Contents For the Year Ended 28 February 2021
Table of Contents
Trustees ' Report ........................................................................................................................... 4 Independent Examiner's Report ....................................................................................................... 6 Statement of Financial Activities ...................................................................................................... 7 Balance Sheet .................................................................................................................................. 9 Notes to the Accounts .................................................................................................................... 11
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Jubilee Harvest Church
Trustees' Report For the Year Ended 28 February 2021
Aims and objectives
The principal objects of the charity are to advance Christianity enabling as many people as possible to worship at our church and to become part of our Christian community in South London."When planning our activities for the year, we have considered the Charity Commission's guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. We encourage ordinary people to live out their faith as part of our Christian community through:
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Worship and prayer; learning about the Gospel and developing their knowledge and trust in Jesus.
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Provision of pastoral care for people living in the community
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Missionary and outreach work
Summary of the main achievements during the period
Worship & Prayer:
Jubilee Harvest as a ministry has continued to give worship and prayer to members. We have programmes during weekdays and weekends. Prayers are also offered through home cell or house groups where the focus is on individual needs. This system of approach has in our opinion brought a lot of spiritual and social benefit to the community. The Worship Ministry of the church has the vision of focusing first on God and secondly on serving the needs of the local congregation. We seek to combine different talents in the church in vibrant worship services, concerts and special events. Our mission is to reach the unreached, the youth, the locals and the entire community.
Pastoral Care:
The trustees have ensured that every member of Jubilee Harvest has been attended to throughout the year. Jubilee Harvest has a six-member strong pastoral team that ensures that counselling and moral guidance is rolled out effectively. Pastoral care is given under the strums of counselling career and education. Teaching programmes are scheduled throughout the year in partnership with other ministries in the community. Members of Jubilee Harvest are encouraged to contact the pastoral teams should they need any help.
Mission & Evangelism:
We continue to cultivate as part of our ministry, a mission of helping the needy. This we term “Jubilee Mission” we endeavour to help locally and internationally. We have continued to help people in UK with their different needs e.g. food and gas in the house as well as transport costs in looking for employment.
The charity's policy on reserves
We aim to build up reserves in order to be prepared for unforeseen expenses. We would like to hold 3 months running expenses in reserves.
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Jubilee Harvest Church
Exemptions
The trustees have taken advantage of the exemptions available to small companies, including the audit exemption (see statement on balance sheet)
Financial review during the year
The total incoming resources of the church during the year amounted to £48,287 (2020 £69,486). Of this total £23,106 (2020 £59,751) was derived from general tithes and offering from members, £29 (2020 £92) from bank interest and £10,055 (2020 £9,643) from gift aided tax refunds. There was a further incoming resource amounting to £15,097 resulting from various government schemes to help organisations during the covid period. The total resources expended in the year amounted to £44,202 (2020 £76,479) leaving a net inflow of £4,085 (2020 net outflow £6,993). The accumulated fund shows a reserve of £45,655.
Statement of financial responsibilities of the trustees
Law applicable to charities in England and Wales requires the trustees as managing trustees to prepare financial statements for each financial year. In preparing those financial statements, the trustees should follow best practices and;
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select suitable accounting policies and then apply them consistently
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make judgement and estimates that are reasonable and prudent
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state whether applicable accounting standards have been followed subject to any materials departures disclosed and explained in the financial statements
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preparing the financial statements on the going concern basis unless it is inappropriate to presume that the church will continue in business
The Board of Trustees is responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the church and to enable them to ensure that the financial statements comply with the Charities Act 1993 and the Charities (Accounts and Reports) Regulation 1995. They are also responsible for safeguarding the assets of the church.
Signed on behalf of the charity's trustees:
Mr Frederick Okine Danso
Date: 25 February 2022
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Jubilee Harvest Church
Independent Examiner's Report For the Year Ended 28 February 2021
I report on the accounts for the year ended 28 February 2021 which are set out on pages 7 to11
Respective responsibilities of trustees and examiner
The charity's trustees consider that an audit is not required for this year (under section 43(2) to the Charities Act 1993 (the Act) and that an independent examination is needed.
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examine the accounts (under section 43 of the Act)
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follow the procedures laid down in the General Directions given by the Charity
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Commission (under section 43(7)(b) of the Act), and
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to state whether particular matters have come to my attention
Basis of independent examiner's report
My examination was carried out in accordance with General Directions given by the Charity Commission. 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 no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In the course of my examination, no matter has come to my attention:
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which gives me reasonable cause to believe that in, any material respect, the requirements:
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to keep accounting records in accordance with section 41 of the Act; and
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to prepare accounts which accord with the accounting records and comply with the - accounting requirements of the 1993 Act; has not been met; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached
Mr Alexander R Kludje MBA FCCA
Signature: Date: 25 February 2022
Rocksons Chartered Certified Accountants Suite 8 Stewart House 56 Longbridge Road Barking, Essex IG11 8RW
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Jubilee Harvest Church
Statement of Financial Activities (including Income and Expenditure Account) For the Year Ended 28 February 2021
| Notes | Unrestricted funds |
Restricted funds | Year ended 28/02/21 |
Year ended 29/02/20 |
|
|---|---|---|---|---|---|
| Total | Total | ||||
| funds | funds | ||||
| £ | £ | £ | £ | ||
| INCOMING RESOURCES | |||||
| Incoming resources from generated | |||||
| funds | |||||
| Voluntary income: | 1 | ||||
| Tithes & Offering | 23,106 | 23,106 | 59,751 | ||
| Tax Refund | 10,055 | 10,055 | 9,643 | ||
| Activities for generating funds: | |||||
| Investment income | 29 | 29 | 92 | ||
| Other incoming resources | 15,097 | 15,097 | - | ||
| Incoming resources from charitable | |||||
| activities: | - | - | |||
| Total incoming resources | 48,287 | 48,287 | 69,486 | ||
| RESOURCES EXPENDED | |||||
| Charitable activities: | 2 | 42,183 | 42,183 | 74,271 | |
| Governance costs | 3 | 2,019 | 2,219 | 2,208 | |
| Total resources expended | 44,202 | - | 44,202 | 76,479 | |
| Net incoming/(outgoing) resources | 4,085 | 4,085 | -6,993 | ||
| Transfers between funds | - | - | - |
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Jubilee Harvest Church
| Net movement in funds | 4 | 4,085 | - | 4,085 | -6,993 |
|---|---|---|---|---|---|
| Reconciliation of funds: | |||||
| Total funds brought forward | 41,570 | - | 41,570 | 48,563 | |
| Total funds carried forward | 45,655 | - | 45,655 | 41,570 |
There were no recognised gains or losses for the period other than those included in the Statement of Financial Activities The notes on pages 9 to11 form part of these accounts
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Jubilee Harvest Church
Balance Sheet
For the Year Ended 28 February 2021
| Notes Fixed assets Tangible assets 5 Current assets Total current assets Creditors: Amounts falling due within one year 6 Net current assets Total assets less current liabilities Unrestricted funds General funds 7 Designated funds Restricted funds 7 Total funds |
2021 2020 £ £ 2,489 3,323 |
|---|---|
| 2,489 3,323 58,370 49,708 |
|
| 58,370 49,708 (14,958) (11,461) |
|
| 43,412 38,247 45,655 41,570 |
|
| 45,655 41,570 - - |
|
| 45,655 41,570 - - |
|
| 45,655 41570 |
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Jubilee Harvest Church
The accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2008 relating to small companies. Approved by the board of trustees on 25 February 2022 and signed on their behalf by:
Mr Frederick Okine Danso
(On behalf of board of Trustees)
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Jubilee Harvest Church
Notes to the Accounts For the Year Ended 28 February 2021
1. Accounting policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in the preceding year.
Basis of accounting
The accounts have been prepared under the historical cost convention and in accordance with the latest Statement of Recommended Practice (SORP) for charities and the Financial Reporting Standard for Smaller Entities (effective Jan 2008) and include the results of the church's operations as indicated in the trustees’ report, all of which are continuing.
1.1 Incoming Resources:
Building Fund
Incomes from donations for building are included in incoming resources of restricted funds on receipts
Tithes and offerings
Income from tithes and offering is included in incoming resources when these are receivable
Investment income
Investment incomes consist of net interest received during the year and accounted for as unrestricted fund.
The charity has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirements to produce cash flow statements on the grounds that it qualifies as a small charity
1.2 Resources expended
All expenditure is accounted for on and accruals basis and is inclusive of VAT.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and includes accountancy fees and costs linked to the strategic management of the charity. Governance costs which cannot be allocated directly are apportioned on an appropriate basis.
1.3 Fixed assets
Fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at the rates calculated to write off the cost of each asset less its estimated useful life as follows: Equipments, fixtures fittings - 25% per annum
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Jubilee Harvest Church
- Charity activities
| Direct cost of charitable activities: Wages and salaries Employer's NI contribution Pension Contributions Honorarium Evangelism and missions Welfare and Support Refreshments Advertising Rent Payable Repairs Bank Charges Printing, Postage & Stationery Books, Training & Music Telephone Subscriptions Travelling and Subsistence Sundry Expenses Charitable and other Donations Depreciation on fixtures & Equipments |
Total Total Unrestricted Restricted Year ended 28/02/21 Year ended 29/02/20 £ £ £ £ 21,515 - 21,515 22,672 1,345 - 1,345 1,940 369 369 482 0 - 0 4,565 4,388 - 4,888 5,218 9,574 - 9,574 10,036 0 - 0 455 0 0 0 2,404 2,404 18,569 0 0 100 0 0 0 0 0 310 0 0 3,830 0 0 0 445 445 675 0 0 1,040 0 0 214 1,310 1,310 3,053 833 833 1,112 |
|---|---|
| 42,183 - 42,183 74,271 |
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Jubilee Harvest Church 13
Jubilee Harvest Church 3. Governance costs
| Payroll & Secretarial Legal and professional Accountancy |
2021 2020 £ £ £ 0 0 408 569 569 444 1,450 1,450 1,650 |
|---|---|
| 2,019 2,019 2502 |
There was no staff cost and emoluments, no employee earned £60,000 or more per annum. The trustees received no remuneration and no expenses reimbursed to trustees in the year
4. Net movement in funds for the year
| This is stated after charging: Depreciation Accountancy fees |
Year ended 28/02/21 Year ended 29/02/20 £ £ 833 1486 1,450 1650 |
|---|---|
| 2,283 3136 |
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Jubilee Harvest Church 5. Tangible fixed assets
| Cost At 1 March 2019 Additions Disposals At 29 February 2020 Depreciation At 1 March 2019 On disposals Charge for the period At 29 February 2020 Net Book Value At 28 February 2021 Net Book Value At 29 February 2020 |
Church Computer Equipment Equipment Year ended 28/02/21 Year ended 28/02/21 Totals £ £ 36,940 5,593 42,533 0 0 0 0 0 0 |
|---|---|
| 36,940 5,593 42,533 (33,651) (5,559) (39,210) - - - (823) (11_)_ (834 |
|
| (34,474) (5,570) (40,044) 2,466 23 2,489 |
|
| 3,289 34 3,323 |
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Jubilee Harvest Church
6 Creditors: Amount falling due within one year
PAYE & Social Security Cost Wages and Salaries Pensions Accrued Expenses
| Year | Year |
|---|---|
| ended | ended |
| 28/02/21 | 29/02/20 |
| £ | £ |
| 13,947 | 11,560 |
| (762) | (2136) |
| 246 | 387 |
| 1,773 | 1650 |
| 15,204 | 11,461 |
7 Analysis of net assets between funds
Unrestricted funds Restricted
| Fixed | ||
|---|---|---|
| Assets | Current | Total |
| Asset | ||
| less | ||
| Liability | 2021 | |
| £ | £ | £ |
| 2,489 | 43,166 | 45,655 |
| 2,489 | 43.166 | 45,655 |
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Jubilee Harvest Church 17