EVERLASTING LIFE INTERNATIONAL MINISTRIES
1 CANDLE GROVE
NUNHEAD LONDON SE15 3JP
CHARITY NO 1111669
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2021
AJN & CO LTD 2 SILVER STREAK WAY STROOD, ROCHESTER KENT ME2 2GY
EVERLASTING LIFE INTERNATIONAL MINISTRIES
TRUSTEES:
Mrs Pamela Serwa Amoah Mr Richmon Agyekum Ituzaro Mrs Margaret Arhin Mr Isaac Kingsley Mensah Rev Kingsley Kwabena Amoah Mrs Janet Affum-Baidoo
CHARITY NO:
1111669
ACCOUNTANTS:
AJN & Co Ltd 2 Silver Streak Way Strood, Rochester Kent ME2 2GY
CONTENT:
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Trustees' Reports
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Balance Sheet
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Statement of Financial Activities
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Notes to the Account
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EVERLASTING LIFE INTERNATIONAL MINISTRIES
TRUSTEES' REPORT
The Trustees have pleasure in submitting their report, and accounts for the period to 31st March 2021. The financial statements have been prepared in accordance with the accounting policies set out on page 5 and comply with the Statement of Recommended Practice (SORP 2015 ) and the applicable law.
Constitution, objective of the charity, principal activities and organisation of our work
The charity is constituted under a Constitution adopted on 13th October 2005.
The objectives of the charity as set out in the Declaration of Trust are:
(a) The advancement of the Christian faith.
- (b) The relief of persons who are in poverty.
(c ) The promotion of good health
- (d) The advancement of education
(e ) The rehabilitation of ex-offenders, drugs and alcohol abusers
(f) The provision of recreational facilities for the aged, disabled and those who need the facilities.
The ministry was involved in Christian outreach programmes designed to increase Christian awareness and spread the Gospel of our Lord Jesus Christ.
Public benefits, development activities and achievements in the year
When planning our activities in the year, the trustees considered the Charities Commission's guidance on public benefit, and in particular the specific guidance on charities for the advancement of religion. We help ordinary people in the community to live out their faith through worship and prayer; learning about the Gospel; and developing their knowledge and trust in Jesus Christ.
During the COVID-19 pandemic, most of the charity's activities were put on hold and will be revisited once lockdown is over. We used our church van to help deliver food parcels to those that needed it in the London Borough of Southwark.
The Trustees are pleased to report that the Church continued to be successful spiritually by ministering to many people.
Review of the financial position
The net surplus for the year amounted to £7,689. All of these are attributable to the unrestricted reserves and no fund is allocated to restricted projects.
Board of Trustees
The members of the board of trustees during the year were:
Mrs Pamela Serwa Amoah Mr Richmon Agyekum Ituzaro Mrs Margaret Arhin Mr Isaac Kingsley Mensah Rev Kingsley Kwabena Amoah Mrs Janet Affum-Baidoo
Approval
This report was approved by the board of trustees and signed on its behalf by:
Mrs Pamela Serwa Amoah
Dated
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHARITY NO 1111669
EVALASTING LIFE INTERNATIONAL MINISTRIES
I report on the Financial Statements of the charity for the year ended 31st March 2021, which are set out on pages 5 to 8 below.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 (2) of the Charities Act 2011 (The 2011 Act ) and that an independent examination is needed.
It is my responsibility to :
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examine the accounts under section 145 of the 2011 Act,
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follow the procedures laid down in the general Directions given by the Charity Commission
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[ under section 145(5)(b) ] of the 2011 Act, and
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state whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINER'S STATEMENT
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Trust 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 the 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 connection with my examination, no matter has come to my attention :-
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1) 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 130 of the 2011 Act; and
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to prepare accounts which accord with the accounting records and comply accounting requirements of the 2011 Act have not been met; or
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2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Isaac Addai FCCA, FFA/FIPA, MBA(Finance), BA(Hons) Dated AJN & CO LTD 2 Silver Streak Way Strood, Rochester Kent ME2 2GY
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EVERLASTING LIFE INTERNATIONAL MINISTRIES BALANCE SHEET AS AT 31ST MARCH 2021
| Notes 2021 FIXED ASSETS £ Tangible Fixed Assets 2 15,749 CURRENT ASSETS Other Debtors 6 5,700 Cash at Bank and in hand 46,062 51,762 LESS CREDITORS: Amounts falling due within one year 7 (1,127) NET CURRENT ASSETS 50,635 TOTAL ASSETS LESS LIABILITIES 66,385 MEMBERS ACCUMULATED FUNDS Unrestricted Funds 9 66,385 66,385 Approved by the Board of Trustees and signed on its behalf by :- Mrs Janet Affum-Baidoo Dated |
2020 £ 19,978 15,333 23,834 |
|---|---|
| 39,167 | |
| (450) | |
| 38,717 | |
| 58,696 | |
| 58,696 | |
| 58,696 | |
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EVERLASTING LIFE INTERNATIONAL MINISTRIES STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2021
| Notes Income and endowments from: Tithes & Offerings IR Gift Aid Interest Received Other Income Council Grant HMRC JRS Total Expenditure on: Charitable Activities 4 Total Net Movement in funds Reconciliation of funds Total funds brought Forward Total funds carried forward |
Unrestricted Total Fund Total Fund 2021 £ £ 31,318 31,318 10,006 10,006 11 11 1,350 1,350 10,000 10,000 9,118 9,118 61,803 61,803 54,114 54,114 54,114 54,114 7,689 7,689 58,696 58,696 66,385 66,385 |
Total Total 2020 £ 48,086 11,189 37 837 - - |
Total | |
|---|---|---|---|---|
| 60,149 | ||||
| 53,952 | ||||
| 53,952 | ||||
| 6,197 52,499 |
||||
| 58,696 |
There were no recognized gains or losses for the period other than those included in the Statement of Financial Activities
The notes on Pages 5 to 8 form part of these accounts.
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EVERLASTING LIFE INTERNATIONAL MINISTRIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021
NOTE 1. BASIS OF ACCOUNTING
1.1 Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at
cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with:
the Statement of Recommended Practice: 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) issued on 16 July 2014. and with the Charities Act 2011.
1.2 Going concern
The charity will contiue as a going concern as there are no material uncertainties that cast significant doubt on the charity's ability to continue as a going concern.
1.3 Changes to accounting estimates
No changes to accounting estimates have occurred in the reporting period (FRS 102 SORP).
1.4 Material prior year error
No material prior year error have been identified in the reporting period (FRS 102 SORP).
NOTE 2. ACCOUNTING POLICIES
2.1 INCOME
Recognition of income
These are included in the Statement of Financial Activities (SoFA) when: the charity becomes entitled to the resources; and it is more likely than not that the trustees will receive the resources.
Income from Tithes and Offering are included in charitable activities when they are receivable.
Offsetting
There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.
Grants and donations
Grants and donations are only included in the SoFA when the general income recognition creteria are met (5.10 to 6.12 FRS 102 SORP).
Tax reclaims on donations and gifts
Gift aid receivable is included in income when there is valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
Income from interest, royalties and dividend
This is included in the account when receipt is probable and the amount receivable can be measured reliably.
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EVERLASTING LIFE INTERNATIONAL MINISTRIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021
2.2 EXPENDITURE AND LIABILITIES
Liability recognition
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasoble certainty.
Governance and support cost
Support costs have been allocated between governance cost and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
Creditors
The charity has creditors which are measured at settlement amounts less any trade discounts.
2.3 ASSETS
Tangeble fixed assets for use by charity
These are capitalised if they can be used for more than one year, and cost at least £100.00
They are valued at cost.
The depreciation rates and methods used are disclosed in note 3.
Debtors
Debtors (including trade and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity.
Subsequently, they are measured at the cash or other consideration expected to be received.
NOTE 3. TANGEBLE FIXED ASSESTS
3.1 Cost
| Costat 1st April 2020 Additions during the year At 31st March 2021 3.2 Depreciation and impairments Basis Rate Depreciationas at 1st April 2020 Charge for the year At 31st March 2021 Net Book Value at 31st March 2020 Net Book Value at 31st March 2021 |
Plant, Fixtures, machinery and fittings and Total motor vehicles equipment 2021 |
|---|---|
| £ £ 25,195 41,461 66,656 - 1,022 1,022 |
|
| 25,195 42,483 67,678 |
|
| Reducing Reducing Reducing Balance Balance Balance 25% 25% 25% 11,909 34,770 46,679 3,322 1,928 5,250 |
|
| 15,231 36,698 51,929 |
|
| 13,286 6,691 19,977 9,965 5,785 15,749 |
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EVERLASTING LIFE INTERNATIONAL MINISTRIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021
| NOTE 4. EXPENDITURE ON CHARITABLE ACTIVITIES Rent and Rates Evangelism and Mission Welfare and Supports Honorarium Travel & Motor Expences Printing, Postage and Stationery Telephone & Internet Cost Depreciation Repairs and Maintenace Refreshment Donations Insurance Instrumentalists Ministerial Allowance Pension Contributions Volunteers Expenses Bank Charges Radio Adverts & Publicity Accountancy fee Software cost Legal & Professional fees |
2021 £ 19,320 540 5,104 670 676 38 769 5,250 5,410 - 500 1,000 - 10,661 284 283 8 420 450 525 2,207 54,114 |
2020 £ 21,027 697 820 1,260 790 46 594 6,660 415 275 255 1,200 1,050 15,346 276 109 478 410 450 340 1,454 |
|---|---|---|
| 53,952 |
NOTE 5. TRANSACTIONS WITH TRUSTEES AND RELATED PARTIES
5.1 Trustee remunerations and benefits
Rev. Kingsley Kwabena Amoah, a Trustee and the Pastor of the charity was paid £10,661 remuneration for the year as a Minister of Religion. No other trustee received remuneration or benefit from the charity.
5.2 Trustees' expenses
No trustee expenses have been incurred.
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EVERLASTING LIFE INTERNATIONAL MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2021
| NOTE 6. DEBTORS AND PREPAYMENTS 6.1 Analysis of debtors Rent Deposit Other Debtors Other taxes & social security cost NOTE 7. CREDITORS AND ACCRUALS 7.1 Analysis of creditors Accruals Other taxes & social security cost NOTE 8. NET MOVEMENT IN FUNDS FOR THE YEAR The net movement in funds for the year is stated after charging: Accountancy fee Depreciation for the year NOTE 9. ANALYSIS OF NET ASSETS BETWEEN FUNDS |
2021 2020 £ £ 1,500 1,500 4,200 13,500 - 333 5,700 15,333 2021 2020 £ £ 450 450 677 - 1,127 450 2021 2020 450 450 5,250 6,660 Amounts falling due within one year |
2020 £ 1,500 13,500 333 |
|---|---|---|
| 15,333 | ||
| 450 | ||
| 2020 450 6,660 |
| Unrestricted Funds | Equipments & Instruments £ 15,749 |
Equipments & Instruments £ 15,749 |
Net Current Assets £ 50,635 |
Net Current Assets £ 50,635 |
TOTAL |
|---|---|---|---|---|---|
| 2021 £ 66,385 |
|||||
| £ 15,749 |
|||||
| 15,749 | 50,635 | 66,385 |
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