2023-03-31-accounts - Everlasting Life International Ministries

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EVERLASTING LIFE INTERNATIONAL MINISTRIES

1 CANDLE GROVE NUNHEAD LONDON SE15 3JP

CHARITY NO 1111669

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

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:

Trustees' Reports
Balance Sheet
Statement of Financial Activities
Notes to the Account

EVERLASTING LIFE INTERNATIONAL MINISTRIES

TRUSTEES' REPORT

The Trustees have pleasure in submitting their report, and accounts for the period to 31st March 2023. 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.

The church started full operation after the Covid-19 pandemic restrictions were lifted.

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 £9,076. 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

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF

EVALASTING LIFE INTERNATIONAL MINISTRIES

CHARITY NO 1111669

I report on the Financial Statements of the charity for the year ended 31st March 2023, 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 :

examine the accounts under section 145 of the 2011 Act,
follow the procedures laid down in the general Directions given by the Charity Commission
[ under section 145(5)(b) ] of the 2011 Act, and
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 :-

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 2011 Act; and
to prepare accounts which accord with the accounting records and comply accounting
requirements of the 2011 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.

Isaac Addai FCCA, FFA/FIPA, MBA(Finance), BA(Hons) AJN & CO LTD 2 Silver Streak Way Strood, Rochester Kent ME2 2GY

Dated

EVERLASTING LIFE INTERNATIONAL MINISTRIES

BALANCE SHEET AS AT 31ST MARCH 2023

Notes FIXED ASSETS Tangible Fixed Assets 2 CURRENT ASSETS Other Debtors 6 Cash at Bank and in hand LESS CREDITORS: Amounts falling due within one year 7 NET CURRENT ASSETS TOTAL ASSETS LESS LIABILITIES MEMBERS ACCUMULATED FUNDS Unrestricted Funds 9	2023 £ 15,961 1,500 73,130 74,630 (9,230) 65,401 81,361 81,361 81,361	2022 £ 16,469 1,500 55,099
		56,599
		(784)
		55,816
		72,285
		72,285
		72,285

Approved by the Board of Trustees and signed on its behalf by :-

Mrs Janet Affum-Baidoo Dated

EVERLASTING LIFE INTERNATIONAL MINISTRIES STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2023

Notes Income and endowments from: Tithes & Offerings IR Gift Aid Interest Received Other Income 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 2023 £ £ 44,060 44,060 9,007 9,007 274 274 - - - - 53,341 53,341 44,265 44,265 44,265 44,265 9,076 9,076 72,285 72,285 81,361 81,361	Total Total 2022 £ 40,859 7,543 5 5,480 3,820	Total
			57,707
			51,807
			51,807
			5,900 66,385
			72,285

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.

EVERLASTING LIFE INTERNATIONAL MINISTRIES NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

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.

EVERLASTING LIFE INTERNATIONAL MINISTRIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

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 2022 Additions during the year At 31st March 2023 3.2 Depreciation and impairments Basis Rate Depreciationas at 1st April 2022 Charge for the year At 31st March 2023 Net Book Value at 31st March 2022 Net Book Value at 31st March 2023	Plant, Fixtures, machinery and fittings and Total motor vehicles equipment 2023
	£ £ 25,195 48,693 73,888 - 4,812 4,812
	25,195 53,505 78,700
	Reducing Reducing Reducing Balance Balance Balance 25% 25% 25% 17,722 39,697 57,419 1,868 3,452 5,320
	19,590 43,149 62,739
	7,473 8,996 16,469 5,605 10,356 15,961

EVERLASTING LIFE INTERNATIONAL MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

NOTE 4. EXPENDITURE ON CHARITABLE ACTIVITIES	2023 £ 17,694 522 200 - 500 613 667 5,320 832 - 1,000 1,059 500 10,661 133 - 180 1,610 550 94 2,131 44,265	2022 £ 19,600 1,368 1,538 920 840 92 903 5,490 1,200 494 - 1,113 600 12,807 284 340 52 1,370 550 94 2,152
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
		51,807

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.

EVERLASTING LIFE INTERNATIONAL MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

NOTE 6. DEBTORS AND PREPAYMENTS 6.1 Analysis of debtors Rent Deposit NOTE 7. CREDITORS AND ACCRUALS 7.1 Analysis of creditors Accruals Other taxes & social security cost Other creditors 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	2023 £ 1,500 1,500 2023 £ 550 1,218 7,462 9,230 2023 550 5,320 Amounts falling due	2022 £ 1,500
		1,500
		2022 £ 550 234 - within one year
		784
		2022 450 5,490

NOTE 9. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Equipments & Instruments £ 15,961	Net Current Assets £ 65,401	TOTAL
		2023 £ 81,361
£ 15,961
15,961	65,401	81,361