Charity number: 1106317 Company number: 4216031 (England and Wales)
Likewise Christian Ministries
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 May 2023
Likewise Christian Ministries For the year ended 31 May 2023 Contents Page
| Report of the Trustees | 1 to 3 |
|---|---|
| Independent Examiner's Report to the Trustees | 4 |
| Statement of Financial Activities | 5 |
| Statement of Financial Position | 6 |
| Notes to the Financial Statements | 7 to 11 |
| Detailed Statement of Financial Activities | 12 |
Report of the Trustees Likewise Christian Ministries
For the year ended 31 May 2023
The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ended 31 May 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 the Republic of Ireland (FRS 102) (effective 1 January 2015).
OBJECTIVES AND ACTIVITIES
Objectives and aims
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 Ilford. We encourage ordinary people to live out their faith as part of Christian community through :
Worship and prayer; learning about the Gospel and developing their knowledge and trust in Jesus. Provision of pastoral care for people living in the community Missionary and outreach work.
Statement on public benefit
The trustees have considered the Charity Commissions’ guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
ACHIEVEMENTS AND PERFORMANCE
Significant activities
Worship & Prayer:
Likewise 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 Likewise has been attended to throughout the year. Likewise has 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 Likewise are encouraged to contact the pastoral teams should they need any help.
Mission & Evangelism:
We have cultivated as part of our ministry a mission of helping the needy. this we term ''Samaritan Misssion'' we endeavor to help locally and internationally. We have continued to help people in the UK with their different needs e.g. food parcels and heating in the house as well as transport costs in looking for employment. On the international level, we have helped needy people in Togo, Ghana, Kenya, Ivory Coast and Nigeria. We aim to increase this arm of reaching out more effectively in the coming years whenever finances permit us.
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Likewise Christian Ministries Report of the Trustees Continued For the year ended 31 May 2023
FINANCIAL REVIEW
Significant events
Total incoming resources of the church during the year amounted to £88,525 (2022 £78,628) of this total £75,078 (2022 £66,671) was derived from general thithes and offering from members and £13,447 (2022 £8,216) from Gift Aid income tax refunds and the rest from other incoming resources which amounted to £0 (2022 £3741. Total resources expended in the year amounted to £53,818 (2022 £39,683) leaving a net inflow of £34,707 (2022 38,946) The accumulated fund shows reserves of £460,558
Statement of Financial Responsibilities of 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 practice 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 material departures disclosed and explained in the financial
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statements
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preparing the financial statements on 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 (Accounting and Reports) Regulation 1995. They are also responsible for safeguarding the assets of the church.
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.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity Likewise Christian Ministries Charity registration number 1106317 Company registration number 4216031 Principal address 393 Dagenham Road Rush Green Romford Essex RM7 0XX
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Pastor Oheneba Cofie Mrs Beatrice Cofie Mr Richard Oppong-Kyei Mr William Kesse Nkansah Mrs Yvonne Arthur-Peters
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Likewise Christian Ministries Report of the Trustees Continued For the year ended 31 May 2023
Independent examiner Mr Alexander R Kludje MBA FCCA Rocksons Chartered Certified Accountants 8 Stewart House 56 Longbridge Road Barking Essex IG11 8RW
Approved by the Board of Trustees and signed on its behalf by
Pastor Oheneba Cofie.............................................................................
31 May 2024
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Likewise Christian Ministries Independent Examiners Report to the Trustees For the year ended 31 May 2023
I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 May 2023.
Responsibilities and basis of report
As the charity Trustees, who are also directors for the purposes of company law, are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiners statement
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:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the requirements of section 396 of the 2006 Act 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; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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.
Rocksons Chartered Certified Accountants Mr Alexander R Kludje MBA FCCA
8 Stewart House 56 Longbridge Road Barking Essex IG11 8RW 31 May 2024
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Likewise Christian Ministries Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 May 2023
| Notes Income and endowments from: Donations and legacies Total Expenditure on: Raising funds 3 Costs of generating donations and legacies Total Net income Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 88,525 |
2022 £ 78,628 |
|---|---|---|
| 88,525 | 78,628 | |
| (53,818) | (39,683) | |
| (53,818) | (39,683) | |
| 34,707 425,851 |
38,945 386,906 |
|
| 460,558 | 425,851 |
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Registered Number : 4216031 Likewise Christian Ministries Statement of Financial Position As at 31 May 2023
| Notes Fixed assets Tangible assets Current assets 9 Debtors Cash at bank and in hand Creditors: amounts falling due within one year 10 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 11 Net assets The funds of the charity Unrestricted income funds 12 Total funds |
£ 2023 6,073 |
£ 2022 4,390 |
|---|---|---|
| 6,073 | 4390 | |
| 515,908 81,006 |
515,908 | |
| 596,914 | 595,800 | |
| (26,357) 570,557 |
(27,900) 567,900 |
|
| 576,630 | 572,290 | |
| (116,072) | (146,439) | |
| 460,558 | 425,851 | |
| 460,558 | 425,851 | |
| 460,558 | 425,851 F th |
|
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies’ subject to the small
The financial statement was approved and authorized for issue by the Board and signed on its behalf
Pastor Oheneba Cofie
31 May 2024
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Likewise Christian Ministries
Notes to the Financial Statements For the year ended 31 May 2023
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and 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 2015)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006.
Likewise Christian Ministries meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognized at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
2. Income from donations and legacies
| Unrestricted funds Total incoming resources 3. Expenditure on generating donations and legacies Unrestricted funds Support costs . Governance costs Legal and professional fees Accountancy fees |
2023 £ 88,525 |
2022 £ 78,628 |
|
|---|---|---|---|
| 88,525 | 78,628 | ||
| 2023 £ 53,818 |
2022 £ 39,683 |
||
| 53,818 | 39,683 | ||
| 2022 £ 840 1,200 2,040 |
4. Governance costs
Included in accountancy costs is amount of £425 (2022 £325 which relates to fees paid to independent examining accountant. Governance costs are included in support costs.
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Likewise Christian Ministries Notes to Financial Statements Continued For the year ended 31 May 2023
5. Net income/(expenditure) for the year
This is stated after charging/(crediting):
| Net income/(expenditure) for the year This is stated after charging/(crediting): |
||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Depreciation of owned fixed assets | 2,024 |
1,463 |
6. Staff costs and emoluments
Total staff costs for the year ended 31 May 2023 were:
| Total staff costs for the year ended 31 May 2023 were: | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Salaries and wages | 10,260 | 10,261 |
| Employer’s PAYE & NI Contributions | 167 |
192 |
| 10,427 | 10,453 |
7. Comparative for the Statement of Financial Activities
The comparative year values on the Statement of Financial Activities are for unrestricted funds.
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Likewise Christian Ministries Notes to the Financial Statements Continued For the year ended 31 May 2023
8. Tangible fixed assets
| Cost or valuation At 01 June 2022 Additions At 31 May 2023 Depreciation At 01 June 2022 Charge for year At 31 May 2023 Net book values At 31 May 2023 At 01 June 2022 Debtors 2023 £ Amounts due after more than one year: Other debtors-Church freehold land and building 515,908 515,908 . Creditors: amounts falling due within one year 2023 £ Loans 20,000 Other creditors 3,917 Accruals and deferred income 2,440 26,357 |
Fixtures and Fittings £ 36,533 3,707 |
|---|---|
| 40,240 | |
| 32,143 2,024 |
|
| 34,167 | |
| **6,073 ** | |
| **4,390 ** | |
| 2022 £ 515,908 |
|
| 515,908 | |
| 2022 £ 20,000 5,490 2,490 |
|
| 27,900 |
9. Debtors
10. Creditors: amounts falling due within one year
| The following liabilities disclosed under creditors falling due within one year are secured by the charity: Loans (owed to London Baptist Property Board Limited) 20,000 20,000 20,000 20,000 |
The following liabilities disclosed under creditors falling due within one year are secured by the charity: Loans (owed to London Baptist Property Board Limited) 20,000 20,000 20,000 20,000 |
The following liabilities disclosed under creditors falling due within one year are secured by the charity: Loans (owed to London Baptist Property Board Limited) 20,000 20,000 20,000 20,000 |
|---|---|---|
| 20,000 | 20,000 |
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Likewise Christian Ministries
Notes to the Financial Statements Continued
For the year ended 31 May 2023
11. Creditors: amounts falling due after more than one year
Loans
| 2023 | 2022 |
|---|---|
| £ | £ |
| 116,072 | 146,439 |
| 116,072 | 146,439 |
| The following liabilities disclosed under creditors falling due after more than one year are secured by the charity: Loans (owed to London Baptist Property Board Limited) 146,439 116,072 116,072 146,439 |
The following liabilities disclosed under creditors falling due after more than one year are secured by the charity: Loans (owed to London Baptist Property Board Limited) 146,439 116,072 116,072 146,439 |
The following liabilities disclosed under creditors falling due after more than one year are secured by the charity: Loans (owed to London Baptist Property Board Limited) 146,439 116,072 116,072 146,439 |
|---|---|---|
| 116,072 | 146,439 |
12. Movement in funds
Unrestricted Funds
| General General Unrestricted Funds - Previous year General General |
Balance at 01/06/2022 Incoming resources Outgoing resources Balance at 31/05/2023 £ £ £ £ 425,851 88,525 (53,818) 460,558 425,851 88,525 (53,818) 460,558 Balance at 01/06/2021 Incoming resources Outgoing resources Balance at 31/05/2022 £ £ £ £ 386,906 78,628 (39,683) 425,851 386,906 78,628 (39,682) 425,851 |
|---|---|
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Likewise Christian Ministries Notes to the Financial Statements Continued For the year ended 31 May 2023
13. Analysis of net assets between funds
| Unrestricted funds General General Previous year Unrestricted funds General General |
Tangible fixed assets Net current assets / (liabilities) Creditors > one year Net Assets £ £ £ £ 6,073 570,557 (116,072) 460,558 |
|---|---|
| 6,073 570,557 (116,072) 460,558 |
|
| Tangible fixed assets Net current assets / (liabilities) Creditors > one year Net Assets £ £ £ £ 4,390 567,900 (146,439) 425,851 |
|
| 4,390 567,900 (146,439) 425,851 |
14. Company limited by guarantee
Likewise Christian Ministries is a company limited by guarantee and accordingly does not have a share capital.
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Likewise Christian Ministries Detailed Statement of Financial Activities For the year ended 31 May 2023
| INCOME AND ENDOWMENT Donations and legacies Planned Giving Income Tax Recovered Other Income Total incoming resources SUPPORT COSTS Governance Costs Wages and Salaries Employers Ni Contributions Pension Contributions - Depreciation of Owned Assets Pastors Expenses Honorarium Evangelism and Mission Welfare and Support Insurance Lighting, Heating and Water Repairs and Maintenance-Music Equipment Property Repairs and & Security Costs Printing, Postage and Stationery Advertising Telephone Computer Expenses Payroll and Secretarial Bank Charges Loan Interest Paid Charitable and Other Donations General Expenses Total resources expended Net Income |
£ 2023 75,078 13,447 0 88,525 |
£ 2022 66,671 8,216 3,741 |
|---|---|---|
| 78,628 | ||
| 88,525 (3,030) (10,260) (167) 0 - (2,024) (5,500) (5,630) (1107) (2870) (1,365) (2639) (5379) (108) (45) - (1215) (1140) (372) (338) (7,634) 2145 (850) (53,818) |
78,628 (2,070) (10,261 (192) (0) - (1,463) (5,500) (3,450 (400) (288) (1,512) (1,680) (1,921) (600) (273) - (949) (540) (420 ) (297) (7,111) - (756) |
|
| (39,683) | ||
| (53,818) | (39,683) | |
| 34,707 | 38,945 |
12 of 12 This page does not form part of the statutory financial statements