**REGISTERED CHARITY NUMBER: 1105457**
## **Report of the Trustees and**
**Unaudited Financial Statements for the Year Ended 31 December 2023**
## **for**
## **Sureway Christian Centre**
Hanson & Associates Chartered Certified Accountants Room 19 Anerley Business Cerntre Anerley Road London SE20 8BD
**Sureway Christian Centre**
## **Contents of the Financial Statements for the Year Ended 31 December 2023**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|2|
|**Independent Examiner's Report**||3||
|**Statement of Financial Activities**||4||
|**Balance Sheet**||5||
|**Notes to the Financial Statements**|6|to|10|
|**Detailed Statement of Financial Activities**||11||
**Sureway Christian Centre**
**Report of the Trustees for the Year Ended 31 December 2023**
The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. 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 Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The objectives of the church as set out in the the Declaration of Trust are:
a) The advancement of the christian faith in the United Kingdom and abroad;
b) The relief of persons who are in conditions of need, hardship or distress or who are aged or sick, in the United Kingdom or abroad.
## **Significant activities**
The principal activities of the church are:
1) christian worship
2) involve all various ministries and ministers of the gospel to propagate christian tenents
3) relief of poverty
- 4) provision of overseas aid and assistance to the victims of famine.
To achieve these objectives, the church has been involved in christian programs, which are designed to increase christian awareness and spread the gospel of our Lord Jesus Christ
## **Volunteers**
The charity is reliant on the services of unpaid volunteers (including trustees) to undertake various tasks.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
The church and trustees were pleased to return to our weekly schedules of worship and prayer meetings. The Pastoral Team and Youth Ministry have continued to deliver worship and prayers to the general public.
Our Pastoral Care Team have continued to take care of those members of the congregation who are unwell and in need of care.
Our Youth Ministry have increased in their numbers and take active part in the ministry.
## **FINANCIAL REVIEW**
## **Financial Position**
for the year ended 31 December 2023, SCC Church had a total income of £49,513 (2022: £37,012) and total expenditure of £43,382 (2022: £34,725 resulting in a surplus for the year of £6,131 ( 2022: £2,287). Total Funds were Unrestricted balance of £215,715 (2022: £209,584).
## **FUTURE PLANS**
The church will continue to focus its activities to meet the objectives of the Charity, among others, to train and equip the youth in the area of life skills, achieving its objectives of relieving persons who are in conditions of need, hardship and distress.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
## **Risk management**
The Trustee have assessed the major risk to which the Charity is exposed, in particular those relating to the operations and finances of the Charity, and are satisfied that systems are in place to mitigate its exposure to the major risk.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1105457
Page 1
**Sureway Christian Centre**
## **Report of the Trustees**
## **for the Year Ended 31 December 2023**
## **Principal address**
c/o Hanson & Associates Room 19, Ahnerley Business Centre Anerley Road London SE20 8BD
## **Trustees**
S Osei-Okine Mrs J Opoku-Afriyie F Manful D Brew-Riverson Ms R Mac-Ashun
## **Independent Examiner**
Alfred Hanson Hanson & Associates Chartered Certified Accountants Room 19 Anerley Business Cerntre Anerley Road London SE20 8BD
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ F Manful - Trustee
Page 2
## **Independent Examiner's Report to the Trustees of Sureway Christian Centre**
## **Independent examiner's report to the trustees of Sureway Christian Centre**
I report to the charity trustees on my examination of the accounts of Sureway Christian Centre (the Trust) for the year ended 31 December 2023.
## **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 Act and in carrying out my examination I have followed all 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:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the 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.
Alfred Hanson The Association of Chartered Certified Accountants
Hanson & Associates Chartered Certified Accountants Room 19 Anerley Business Cerntre Anerley Road London SE20 8BD
Date: .............................................
Page 3
**Sureway Christian Centre**
## **Statement of Financial Activities**
## **for the Year Ended 31 December 2023**
|Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**49,513**
**EXPENDITURE ON**
Raising funds
2
**32,691**
**Charitable activities**
Governance Cost
**-**
Other
**1,296**
**Total**
**33,987**
**NET INCOME**
**15,526**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**209,584**
**TOTAL FUNDS CARRIED FORWARD**
**225,110**|Restricted
fund
£
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**31.12.23**
31.12.22
**Total**
Total
**funds**
funds
**£**
£
**49,513**
37,012
**32,691**
-
**-**
34,625
**1,296**
100
**33,987**
34,725
**15,526**
2,287
**209,584**
207,297
**225,110**
209,584|**31.12.23**
31.12.22
**Total**
Total
**funds**
funds
**£**
£
**49,513**
37,012
**32,691**
-
**-**
34,625
**1,296**
100
**33,987**
34,725
**15,526**
2,287
**209,584**
207,297
**225,110**
209,584|
|---|---|---|---|
||||-
34,625
100|
||||34,725|
||||2,287
207,297|
||||209,584|
**ERROR: SURPLUS/ (DEFICIT) AS PER ROUNDED TRIAL BALANCE IN CURRENT OR LAST YEAR DOES NOT MATCH NET INCOME/EXPENDITURE AS PER SOFA.
PLEASE CHECK ALL POSTINGS HAVE BEEN MADE TO ACCOUNTS WITHIN THE UCHA CHART, AND ALL POSTINGS THAT SHOULD HAVE AN ACTIVITY ATTRIBUTED DO.
||**31.12.23**|31.12.22|
|---|---|---|
||**£**|£|
|SURPLUS/(DEFICIT) AS PER ROUNDED TRIAL BALANCE|**6,131**|2,287|
|NET INCOME|**15,526**|2,287|
|Difference|**(9,395)**|-|
The notes form part of these financial statements
Page 4
**Sureway Christian Centre**
## **Balance Sheet**
## **31 December 2023**
|Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
5
**3,589**
**CURRENT ASSETS**
Cash at bank
**212,426**
**CREDITORS**
Amounts falling due within one year
6
**(300)**
**NET CURRENT ASSETS**
**212,126**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**215,715**
**NET ASSETS**
**215,715**
**FUNDS**
7
Unrestricted funds
**TOTAL FUNDS**|Restricted
fund
£
**-**
**-**
**-**
**-**
**-**
**-**|**31.12.23**
**Total**
**funds**
**£**
**3,589**
**212,426**
**(300)**
**212,126**
**215,715**
**215,715**
**215,715**
**215,715**|31.12.22
Total
funds
£
4,785
205,429
(630)
204,799
209,584
209,584
209,584
209,584|
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. F Manful - Trustee
............................................. J Opoku-Afriyie - Trustee
The notes form part of these financial statements
Page 5
**Sureway Christian Centre**
**Notes to the Financial Statements for the Year Ended 31 December 2023**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared 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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **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.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Pension costs and other post-retirement benefits**
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 6
continued...
**Sureway Christian Centre**
**Notes to the Financial Statements - continued for the Year Ended 31 December 2023**
## **2. RAISING FUNDS**
## **Raising donations and legacies**
|**Raising donations and legacies**|||
|---|---|---|
||**31.12.23**|31.12.22|
||**£**|£|
|Support costs|**32,691**|-|
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.
## **4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
37,012
**EXPENDITURE ON**
**Charitable activities**
Governance Cost
34,625
Other
100
**Total**
34,725
**NET INCOME**
2,287
**RECONCILIATION OF FUNDS**
Total funds brought forward
207,297
**TOTAL FUNDS CARRIED FORWARD**
209,584|Restricted
fund
£
-
-
-
-
-
-
-|Total
funds
£
37,012|
|---|---|---|
|||34,625
100|
|||34,725|
|||2,287
207,297|
|||209,584|
continued...
Page 7
**Sureway Christian Centre**
**Notes to the Financial Statements - continued for the Year Ended 31 December 2023**
|**5.**
**TANGIBLE FIXED ASSETS**
**COST**
At 1 January 2023 and 31 December 2023
**DEPRECIATION**
Charge for year
**NET BOOK VALUE**
At 31 December 2023
At 31 December 2022
**6.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Taxation and social security
Other creditors
**7.**
**MOVEMENT IN FUNDS**
At 1.1.23
£
**Unrestricted funds**
General fund
**209,584**
**TOTAL FUNDS**
**209,584**
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
**49,513**
**TOTAL FUNDS**
**49,513**|Plant and
machinery
£
**4,785**
**1,196**
**3,589**
4,785
**31.12.23**
31.12.22
**£**
£
**-**
(1)
**-**
331
**300**
300
**300**
630
Net
movement
At
in funds
31.12.23
£
£
**6,131**
**215,715**
**6,131**
**215,715**
Resources
Movement
expended
in funds
£
£
**(43,382)**
**6,131**
**(43,382)**
**6,131**|
|---|---|
continued...
Page 8
**Sureway Christian Centre**
**Notes to the Financial Statements - continued for the Year Ended 31 December 2023**
## **7. MOVEMENT IN FUNDS - continued**
**Comparatives for movement in funds**
|At 1.1.22
£
**Unrestricted funds**
General fund
207,297
**TOTAL FUNDS**
207,297
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
37,012
**TOTAL FUNDS**
37,012|Net
movement
At
in funds
31.12.22
£
£
2,287
209,584
2,287
209,584
Resources
Movement
expended
in funds
£
£
(34,725)
2,287
(34,725)
2,287|At
31.12.22
£
209,584|At
31.12.22
£
209,584|
|---|---|---|---|
|||209,584||
||||2,287|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.1.22
£
207,297
207,297|Net
movement
in funds
£
8,418
8,418|At
31.12.23
£
215,715|
|---|---|---|---|
||||215,715|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|86,525|(78,107)|8,418|
|**TOTAL FUNDS**|86,525|(78,107)|8,418|
continued...
Page 9
**Sureway Christian Centre**
**Notes to the Financial Statements - continued for the Year Ended 31 December 2023**
## **8. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 December 2023.
Page 10
**Sureway Christian Centre**
|**Detailed Statement of Financial Activities**|||
|---|---|---|
|**for the Year Ended 31 December 2023**|||
||31.12.23|31.12.22|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Gifts|**-**|(1)|
|Donations|**49,513**|37,013|
||**49,513**|37,012|
|**Total incoming resources**|**49,513**|37,012|
|**EXPENDITURE**|||
|**Charitable activities**|||
|Ministry - Conference & Travel|**1,868**|596|
|Ministry - Awards & Honorarium|**700**|700|
|Ministry - Benevolent Fund|**6,261**|-|
|Ministry - Youth|**566**|566|
||**9,395**|1,862|
|**Other**|||
|Donation|**100**|100|
|Plant and machinery|**1,196**|-|
||**1,296**|100|
|**Support costs**|||
|**Management**|||
|Postage and stationery|**154**|154|
|Fees & Licence|**1,859**|1,857|
|Other Professional fees|**672**|673|
||**2,685**|2,684|
|**Finance**|||
|Rent|**9,577**|9,577|
|**Governance costs**|||
|Wages|**18,000**|18,000|
|Social security|**1,229**|1,302|
|Pensions|**900**|900|
|Accountancy and legal fees|**300**|300|
||**20,429**|20,502|
|Total resources expended|**43,382**|34,725|
|**Net income**|**6,131**|2,287|
This page does not form part of the statutory financial statements
Page 11