CHRIST CHURCH INTERNATIONAL (FORMERLY CHRIST CHAPEL MINISTRIES)
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30™ APRIL 2024
COMPANY NUMBER: 05433562
CHRIST CHURCH INTERNATIONAL
TRUSTEES:
MRS JUSTINE HANSEN- SACKEY REV GRANT BULMUO DR BRENDA ADDU-QUARSHIE MR HAMA KWESI - HAMMOND
BANKERS:
HSBC REGENT STREET LONDON
ACCOUNTANTS:
ETERNAL EXCELLENCY LIMITED (Chartered Certified Accountants ) 20 Elmbourne Drive Belvedere DA17 6JF
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CHRIST CHURCH INTERNATIONAL
TABLE OF CONTENTS
1] TRUSTEES REPORT
2} ACCOUNTANTS REPORT
3] INCOME AND EXPENDITURE ACCOUNT
4] BALANCE SHEET
5] NOTES TO THE ACCOUNT
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CHRIST CHURCH INTERNATIONAL
TRUSTEES’ REPORT
The Trustees have the pleasure of submitting their report and accounts for the year ended 30" April 2023. The accounts have been prepared in accordance with the Statement of Recommended Practice 2005 and other applicable laws.
Objectives of the Charity, Principal Activities and Organisation of our work
The objectives of Christ Church International are:a) the furtherance ofChristianity. b) providing a suitable atmosphere where Christian principles can be taught and developed within our community.
The principal activities of the church are Christian worship, Christian outreach program to increase Christian awareness and to spread the gospel of our Lord Jesus Christ and the development of the whole man, spiritually, mentally and physically. We have a number of volunteers who assist in helping us achieve our objective.
Development, Activities and Achievements in the year
The charity is successfully ministering to the needs of various social groups within and outside the church. The charity provides forum for manpower development for its members to be equipped, educationally, socially and spiritually. It offers various counselling sessions to the needy, unemployed, and educational and makes referral when-ever the need arises.
We have within the year invested funds in running the facilities we leased and continued to introduce more programs geared towards the development of the whole man.
Future Developments
The church aims, as part of fulfilling its main objectives, to purchase its own building and update existing facilities for the ever increasing needs of its members.
Review of financial position Please refer to the annexed account for the details of the Financial Statements for the year ended 30th April 2024.
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CHRIST CHURCH INTERNATIONAL
TRUSTEES’ REPORT (CONTINUED)
Statement of Trustees’ Responsibilities
The Charities Act requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period. In preparing these financial statements, the trustees are requested to:
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e Select suitable accounting policies and then apply them consistently; e Make judgements and estimates that are reasonable and prudent; e State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements;
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e Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Trustees
The members of the trustees during the year were:
MRS JUSTINE HANSEN- SACKEY REV GRANT BULMUO DR BRENDA ADDO-QUARSHIE MR HAMA KWESI - HAMMOND
Approval
This report was approved by the board of trustees on the ................and signed on its behalf by: MRS JUSTINE HANSEN- SACKEY vie, je —— DATE
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Eternalse Excellency‘
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fe 01322 410 341 Email: info@eternalexcellency.co.uk Website: www.eternalexcellency.co.uk
Independent Examiner’s Report to the Directors of "Christ Church International"
| report on the accounts ofthe Charity for the year ended 30 April 2024, which are set out on pages 08 to 11.
Respective responsibilities of trustees and examiner
The charity’s directors are responsible for the preparation of the accounts. The charity’s directors consider that an audit is not required for this year under section 476 of the Charities Act 2006 (the 2006 Act)) and that an independent examination is needed. It is my responsibility to:
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e examine the accounts (under section 145 of Charities Act 2011;
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e to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the 2014 Act); and
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e to state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 directors concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently | do not express an audit opinion on the view given by the accounts.
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
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e to keep accounting records in accordance with section 386 and 387 of the 2006 Act; and
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e to prepare accounts which accord with the accounting records and comply with the accounting requirements of sections 394 and 395 of the 2006 Act
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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.
Olufemi Oguntunde FCCA
CHRIST CHURCH INTERNATIONAL STATEMENT OF FINANCIAL AFFAIRS FOR THE YEAR ENDED 30TH APRIL, 2024
----- Start of picture text -----
||||||||||
|---|---|---|---|---|---|---|---|---|
|Total|Total|
|Unrestricted|Restrcted|Funds|Funds|
|Funds|Funds|2024|2023|
|Notes|
|Incoming|Resources|
|Incoming|Resources|From|Donors|2|375,071|21,570|396,641|255,991|
|Other|Ordinary|Income|3|80,051|0|80,051|24,094|
|Total|Incoming|Resources|476,692|21,570|498,262|280,085|
|Resources|Expended|
|Church|Administration|and|Ministry|4|416,423|ie)|416,423|251,428|
|Church|Management|5|2,500|0|2,500|2,500|
|Total|Resources|Expended|418,923|0|418,923|253,928|
|Net|Income|(Outgoing)|For The|Year|57,769|21,570|79,339|26,157|
|Net|Movement|In|Funds|
|Total|Funds As At|1st May|(31,343)|0|(31,343)|(57,500)|
|Total|Funds|As At|30th|April|26,427|21,570|47,997|(31,343)|
----- End of picture text -----
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CHRIST CHURCH INTERNATIONAL BALANCE SHEET AS AT 30TH APRIL 2024
| NOTES | 2024 | 2023 | |
|---|---|---|---|
| Fixed Assets | |||
| Tangible Assets | 6 | 473 | 631 |
| Current Assets | |||
| Bank | 50,173 | 10,772 | |
| Other Debtors | 7 | 0 | ie) |
| Current Liabilities | |||
| Creditors & Accruals | 8 | 2,650 | 42,746 |
| NetAssets | 47,997 | (31,343) | |
| Reserves | 8 | 47,997 | (31,343) |
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477(2) of the Companies Act 2006
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for: i) ensuring the company keeps accounting records which comply with Section 386; and ii) preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year, and of its profit or loss for the financial year, in accordance with the requirements of section 393, and which otherwise comply with the requirements of the Companies Act relating to accounts, so far as is applicable to the company.
The financial statements were approved by the Board ON .........:secceeeee eee etenees
On Behalf Of Board Of Tipsters
Justine Hansen-Sackey
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CHRIST CHURCH INTERNATIONAL NOTES TO THE ACCOUNT FOR THE YEAR ENDED 30TH APRIL 2024
1) Accounting policies
1.1 Basis of preparation of financial statements The financial statements have been prepared under the historical cost convention and in accordance with applicable accounting standards, the Charities SORP (Statement of Recommended Practice: "Accounting and Reporting by Charities (revised February 2005)")and the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2 Fund Accounting
Unrestricted funds are general funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the church and which have not been designed for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donors or which have been raised by the charity for particular purposes.
1.3 Incoming Resources
All incoming resources are included in the Statement of Financial Activities when the church is legally entitled to the income and the amount can be quantified with reasonable accuracy. Income is deferred only when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period. Therefore Tithes, Offerings, Donations and similar Incoming Resources are included in the year they are receivable, which is when the Charity becomes entitled to the resources.
1.4 Resources Expended
All expenditure is accounted for on an accruals basis and have been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources. The Charity is not registered for VAT and expenditure are are accordingly reflected gross of irrecoverable VAT.
Governance costs are those incurred in connection with administration of the church and compliance with constitutional and statutory requirements. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
- 1.5 Tangible Fixed Assets and Depreciation angible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated value, over their expected useful lives on the following bases: Church and Office equipment - 25% straight line
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CHRIST CHURCH INTERNATIONAL NOTES TO THE ACCOUNT FOR THE YEAR ENDED 30TH APRIL, 2024
| 2024 | 2023 | ||
|---|---|---|---|
| 2) | Income From Donors | ||
| Unrestricted | |||
| Thithes, Offerings & Thanksgiving | 375,071 | 255,991 | |
| 375,071 | 255,991 | ||
| Restricted | |||
| Building Fund | 21,570 | 0 | |
| 21,570 | 0 | ||
| 3) | Other Ordinary Income | ||
| Gift Aid | 80,051 | 24,094 | |
| 80,051 | 24,094 | ||
| 4) | Church Administration & Ministry | ||
| Salary &Wages |
56,483 | 40,810 | |
| Love Outreach | 10,740 | 3,500 | |
| Church Outreach | 167,859 | 51,167 | |
| Rent and Rates | 69,456 | 70,126 | |
| Transportation Expenses | 5,240 | 4,611 | |
| Depreciation Building Repairs |
158 6,023 |
211 23,863 |
|
| Church Running Expenses | 100,464 | 57,140 | |
| 416,423 | 251,428 | ||
| 5) | Church Management Accountants fees |
2,500 | 2,500 |
| 2,500 | 2,500 |
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CHRIST CHURCH INTERNATIONAL NOTES TO THE ACCOUNT FOR THE YEAR ENDED 30TH APRIL, 2024
| Church | ||||
|---|---|---|---|---|
| 6) | Tangible Fixed Assets | Total | Equipments | |
| Atcost | £ | £ | ||
| Gross BookValue Additions at cost |
At 1 May 2023 | 59,509 0 |
59,509 0 |
|
| Disposals at cost | 0 | 0 | ||
| Gross BookValue | At 30 April 2024 | 59,509 | 59,509 | |
| Depreciation | ||||
| Depreciation Depreciation Charge forthe Disposal |
At 1 May2023 the year |
58,878 158 0 |
58,878 158 0 |
|
| Total Depreciaton | At 30 April 2024 | 59,036 | 59,036 | |
| Net Book Value | ||||
| Net Book Value | At 30 April 2024 | 473 | 473 | |
| Net Book Value | At 30 April 2023 | 631 | 631 | |
| 7) | Debtors | 2024 | 2023 | |
| £ | £ | |||
| Other Debtors | 0 | i¢) | ||
| 0 | 0 | |||
| 8) | Creditors & Accruals | 2024 | 2023 | |
| £ | £ | |||
| Accountancyfees Bank Loan |
2,650 0 |
4,950 10,043 |
||
| Other Creditors | 0 | 27,753 | ||
| 2,650 | 42,746 | |||
| 9) | Reserves | 2024 | 2023 | |
| £ | £ | |||
| Balance b/f | (31,343) | (57,500) | ||
| Surplus forthe year | 79,339 | 26,157 | ||
| Balancec/f | 47,997 | (31,343) |
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