## **ANNUAL REPORT AND FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31ST DECEMBER 2020**
## **CHRIST'S ARRIVAL INTERNATIONAL CHURCH**
**(COMPANY LIMITED BY GUARANTEE) CHARITY REGISTRATION NUMBER 5940375 COMPANY REGISTRATION NUMBER 1116914**
Independent Examiners Ltd
Unit 2
The Broadbridge Business Centre
Delling Lane Bosham PO18 8NF
## **CHRIST'S ARRIVAL INTERNATIONAL CHURCH (COMPANY LIMITED BY GUARANTEE) CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020**
||**Page**|
|---|---|
|**Legal and Administrative Information**|3|
|**Independent Examiner's Report on the Accounts**|4|
|**Directors' Report**|5 to 7|
|**Statement of Financial Activities**|8|
|**Balance Sheet**|9|
|**Notes to the Accounts**|10 to 14|
## **CHRIST'S ARRIVAL INTERNATIONAL CHURCH (COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION**
**CHARITY NUMBER**
1116914
**COMPANY REGISTRATION NUMBER** 5940375 **DATE OF REGISTRATION** 19th September 2006 **START OF FINANCIAL YEAR** 01 January 2020 **END OF FINANCIAL YEAR** 31 December 2020 **DIRECTORS AT 31 DECEMBER 2020** Agatha Aliu Babajide Aliu Annabelle Sinclair
The existing trustees appoint any new trustees following the provisions laid out in the Charity's governing instrument.
## **GOVERNING DOCUMENT**
Memorandum and Articles Incorporated on the 19th September 2006
## **OBJECTS**
a) to advance the Christian faith in accordance with the statement of beliefs appearing in the schedule hereto in Morden, Surrey and in such other parts of the United Kingdom and the world as the trustees may from time to time think fit and other purposes which are exclusively charitable according to the Law of England and Wales and are connected with the charitable work of the charity;
b) to relieve persons who are in conditions of need hardship or sickness and who may be aged and to relieve the distress caused thereby in such parts of Morden, the United Kingdom and the world as the trustees may from time to time think fit.
**REGISTERED ADDRESS** 150 Chipstead Way Woodmansterne Banstead SM7 3JR **BANKERS** HSBC Bank Plc. 91 High Street Thornton Heath Surrey CR7 8XE **INDEPENDENT EXAMINER** Donna Leppitt Independent Examiners Ltd Unit 2 The Broadridge Business Centre Delling Lane Bosham PO18 8NF
3
CHRISTS ARRIVAL INTERNATIONAL CHURCH
(COMPANY LIMrrED BY GUARAKfEE)
INDEPENDE1 EXAMINER'S REPORT ON THE AccouKrs
FOR THE YEAR ENDED 31ST DECEMBER 2020
R4)ort to the trust1 membw5 rfchrtst's ArAval InternatK)nal (hurch thè accwnts for the year wded
31st Decwnber 2020.
Rwective re4¥ornibiliti•s of Intee$ Jnd etsminer
The Char$ trustees are responsibte for the preparatkn rfthe XCCAJnts. The charws trustees that an
aud & nc* reoulred fv thLs under sectK¥) 144 crf the Chartts Art 2011 (the ar*$ Art) and that èn
Independent examknation i5 needed.
It 15 my SponSIbl1*Y to:
examine the accwnts under settth 145 of the tharfcfjes Act,
to fdlovrf the proc8Jur8s laK1 down In the gal DlrKtkn5 gfven by the Charly Commlssth (under
sectlon 145(5)(bl of the Charltles Act, and
to State whether particukr matter5 have come to my attt
Basb of Indep•nd•nt examlrnrfs *at•ment
My examlnatk)n was carrkd out in accordance with oeneral dlrlrtths gfven by the Charfcy CommLssbJn. An
examlnat*Jn knclude5 a review of the accountkng records kq)t by the charity and a comparison of the account5
pre$ted w*h thc6e records. It also Includs consideratK¥) of any unusual fcems or dlsclosures kn the accounts,
and Sen9 explanatkffts from the trustees (CernIng any suth matters. The pr1reS undertaken do not
provK1e all the eyenCe that would be requlred in an audit, and (SeQuent no I)pin)n as to whether the
accounts present a true and falrf vM¥ and the rep(rt Is Ilmfced to thr6e matters set In the statement below.
Independèrt examIne8 statement
In connKtk)n wlth my examknatth. no mattw has ccthe to my attt
whlch me re45onable tause to bekn that In, any m&eNal respett. the requtrements..
to keq) aCCting rec¢xds kn accordance with $tI)n 130 c< the CharItS Act; and
to prepare accounts whth accord wh the accwntlng reS and compty wth the accountlng
requIremts of the Charfcie5 Act
have nt* met: or
to whtch, In my opknkn, attentkn shwkl be drawn In ordw to wable a proper understanding clthe accounts
to be reached.
Donna Leppfct
Independwt Examlners Ltd
The Broadrklge BushÉ%s Caitre
Dellln9 Lane
Bosham
Ff>18 8NF
Date..
22nd September 2021
## **CHRIST'S ARRIVAL INTERNATIONAL CHURCH (COMPANY LIMITED BY GUARANTEE) DIRECTORS' REPORT FOR THE YEAR ENDED 31ST DECEMBER 2020**
## **1. Introduction**
The trustees, who are also directors of the charity, Christ Arrival International Church, for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2020.
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 (FRS102) (effective 1 January 2005).
## **2. Structure, governance, and management**
Christ Arrival International Church is limited by guarantee incorporated on 21 November 2006 and registered as a charity on 21 November 2006. The company was established under its Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. The following Trustees, who are also the directors for the purpose of company law, have served throughout the accounting period, except where indicated:
- Babajide Aliu (Chair)
- Agatha Aliu
- Annabelle Sinclair
## **Governing document**
Its governing document is its Articles of Association as set out on 21 November 2006.
## **3. Organisational structure**
The directors of the company are also charity trustees for the purposes of charity law. In addition to these, the charity does not currently have any paid members, all activities are carried out by volunteering.
The trustees give their time voluntarily and received no benefits from the charity. No expenses have been reclaimed by any of the trustees from the charity in the period concerned.
The general governance of the charity is the responsibility of the Trustees; however, the day-to-day operation is delegated to Babajide Aliu, the Chairman. Babajide Aliu takes any matters of variation to Trustees' meetings for decision making.
## **4. Recruitment and appointment of new trustees**
The trustees were those appointed as directors of the company when charitable status was obtained on 21 November 2006. Appointment and removal of trustees/directors is in accordance with the Article of Association of Normally, the Trustees meet two times per year to consider financial considerations and operations of the Charity.
5
## **CHRIST'S ARRIVAL INTERNATIONAL CHURCH (COMPANY LIMITED BY GUARANTEE) DIRECTORS' REPORT (continued) FOR THE YEAR ENDED 31ST DECEMBER 2020**
## **5. Aims and purposes**
Our purpose as recorded in our constitution is to: To advance the Christian faith in accordance with
- A) To advance the Christian faith in accordance with the statement of beliefs appearing in the schedule
- hereto in, Surrey and in such other parts of the United Kingdom and the world as the trustees may from time-to-time think fit and other purposes which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of the charity.
- B) To relieve persons who are in conditions of need hardship or sickness and who may be aged and to relieve the distress caused thereby in such parts of Surrey.
## **6. Achievements and performance**
During the year ended 31 December 2020, Christ Arrival International Church’s support and church activities have been transferred, conducted via the meeting application ZOOM
Through this support, the organisation:-
- Ensured that members emotional needs were attended to
- Aided in bible teachings, as requested by members
## **7. Financial review**
Total incoming resources for the period were £27,211 (2019: £18,150) of which £26,607 was unrestricted income (2019: £16,577). Total resources expended were £15,012 (2019: £18,498) of which £15,012 was unrestricted expenditure (2019: £16,325). A full review of the financial position of the charity can be found on the attached financial statements.
## **8. Reserves policy**
As at the balance sheet date of 31 December 2020 the charity had free reserves (unrestricted funds) of £19,142 (2019 £7,547) and restricted reserves of £4 (2019 -£600).
## **9. Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed to and ensure appropriate controls are in place for reasonable assurance against fraud and error. The Directors do not perceive any major risks to the charity currently.
## **10. Future-plans**
The Trustees are proposing that the organisation explore the possibilities of acquiring a permanent building, to enable it carry out its activities seamlessly.
## **11. Public benefit**
Trustees have paid due regard to the Charity Commission Guidance on 'Public Benefit' in deciding what activities the charity undertakes. All activities undertaken by Christ Arrival International Church are focussed on our charitable purposes.
## **12. Going concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resource to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.
6
## **CHRIST'S ARRIVAL INTERNATIONAL CHURCH (COMPANY LIMITED BY GUARANTEE) DIRECTORS' REPORT (continued)**
## **FOR THE YEAR ENDED 31ST DECEMBER 2020**
## **Directors' Responsibilities**
Statement of Directors' Responsibilities:
The Charities Act and the Companies Act require the directors to prepare financial statements for each financial year 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 the surplus or deficit of the charity. In preparing those financial statements the directors are required to :-
- a) select suitable accounting policies and then apply them consistently;
- b) make judgements and estimates that are reasonable and prudent;
- c) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the will continue in business;
- d) state whether applicable accounting standards and statements of recommended practice have been subject to any material departures disclosed and explained in the financial statements.
The Directors are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the company and which are sufficient to show and explain the company's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Directors are also responsible for the of the Directors' report, and the responsibility of the independent examiner in relation to the Directors' report is limited to examining the report and ensuring that on the face of the report there are no inconsistencies with the figures disclosed in the financial statements.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
I approve the attached statement of financial activities and balance sheet and confirm that I have made available all information necessary for its preparation.
Approved by the Directors on the….................................................... 22 September 2021
Signed on their behalf by Director…....................................................
Print Name…............................................................................ Babajide Aliu
7
## **CHRIST'S ARRIVAL INTERNATIONAL CHURCH (COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE YEAR ENDED 31ST DECEMBER 2020**
|**Incorporating Income & Expenditure Account**
**Notes**
**INCOMING RESOURCES**
Donations & Legacies
**3a**
Investment Income
**3b**
Charitable Activities
**3c**
**TOTAL INCOMING RESOURCES**
Costs of Charitable Activities
**4a**
**NET INCOMING/(OUTGOING) RESOURCES**
Total Funds Brought Forward
**TOTAL FUNDS CARRIED FORWARD**
**RECONCILIATION OF FUNDS:**
**TRANSFERS BETWEEN FUNDS**
**TOTAL RESOURCES EXPENDED**
**RESOURCES EXPENDED**|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**2020**
**2019**
£
£
**£**
**£**
23,944
600
24,544
18,144
-
4
4
6
2,663
-
2,663
-|
|---|---|
||**26,607**
**604**
**27,211**
**18,150**|
||15,012
-
15,012
18,498|
||**15,012**
**-**
**15,012**
**18,498**|
|||
||**11,595**
**604**
**12,198**
**(349)**
**-**
**-**
**-**
**-**
7,547
(600)
6,947
7,296|
||**19,142**
**4**
**19,146**
**6,947**|
All of the Charity's operations are classed as continuing operations.
The notes on pages 10 to 17 form part of these financial statements.
8
## **CHRIST'S ARRIVAL INTERNATIONAL CHURCH (COMPANY LIMITED BY GUARANTEE) BALANCE SHEET**
## **AS AT 31 DECEMBER 2020**
|**Fixed Assets**
Notes
Tangible Assets
**2**
Investment Assets
**6**
**Current Assets**
**8**
**7**
**Total Current Assets**
**9**
**10**
**5**
Restricted funds
**NET ASSETS**
**FUNDS OF THE CHARITY**
General Funds
**TOTAL FUNDS**
within one year
**NET CURRENT ASSETS**
**TOTAL ASSETS**less current liabilities
**Creditors:**amounts falling due in more
one year
Debtors & Prepayments
Cash at bank and in hand
**Creditors:**amounts falling due|Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-Dec-20**
**31-Dec-19**
£
£
**£**
**£**
-
-
-
-
-
-
-
-|
|---|---|
||-
-
-
-|
||-
-
-
-
19,682
4
19,686
7,487|
||**19,682**
**4**
**19,686**
**7,487**|
||540
-
540
540
19,142
4
19,146
6,947|
||**19,142**
**4**
**19,146**
**6,947**
-
-
-
-|
||**19,142**
**4**
**19,146**
**6,947**|
||19,142
-
19,142
7,547
-
4
4
(600)|
||**19,142**
**4**
**19,146**
**6,947**|
## **Director’s responsibilities:**
For the year ended 31st December 2020.
The Directors are satisfied the charitable company was entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that no member or members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Act. However, in accordance with section 145 of the Charities Act 2011, the accounts have been examined by an Independent Examiner whose report appears after the Notes to the Financial Statements.
The Director(s) acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
The directors acknowledge their responsibility for ensuring that the company keeps proper accounting records which comply with sections 386 of the Act 2006 and for preparing financial statements 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 proft and loss for the financial year in accordance with the requirement of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company.
Approved by the Directors on the….................................................................................................................. 22 September 2021
Signed on their behalf by Director.................................................................................................................... Print Name: Babajide Aliu
Company Registration Number :
5940375
9
## **CHRIST'S ARRIVAL INTERNATIONAL CHURCH (COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2020**
## **1. ACCOUNTING POLICIES**
The principal accounting policies are summarised below. There has been no change to the accounting policies (variation rules and methods of accounting) since last year, and no changes to the previous accounts.
## **Basis of preparation:**
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements 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 (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011.
The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.
## **Assessment of Going Concern**
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
## **Cash Flow Statement**
The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement.
The particular accounting policies are set out below.
## **Recognition of Incoming Resources**
These are included in the Statement of Financial Activities (SOFA) when:
- the charity becomes entitled to the resources;
- the trustees are virtually certain they will receive the resources; and
- the monetary value can be measured with sufficient reliability.
## **Incoming Resources with Related expenditure**
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reported gross in the SOFA.
## **Grants and Donations**
Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
## **Tax Reclaims on Donations and Gifts**
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.
## **Contractual Income and Performance Related Grants**
This is only included in the SOFA once the related goods or services has been delivered.
## **Gifts in Kind**
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as income receivable.
## **Volunteer Help**
The value of any voluntary help received is not included in the accounts and is described in the Directors' annual report if applicable.
## **Donated Services and Facilities**
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
## **Investment Income**
This is included in the accounts when receivable.
## **Investment Gains and Losses**
This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
This page does not form part of the statutory financial statements
10
## **CHRIST'S ARRIVAL INTERNATIONAL CHURCH (COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2020**
## **1. ACCOUNTING POLICIES (continued)**
## **Expenditure and Liabilities**
## **Liability Recognition**
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out
## **Governance Costs**
Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advise to trustees on governance or constitutional matters.
## **Grants with Performance Conditions**
Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified
## **Grants Payable without Performance Conditions**
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.
## **Support Costs**
Support costs include central functions and have never been allocated to activity cost categories on a basis
## **Operating Leases**
Rental charges payable under operating leases are charged on a straight line basis over the terms of the lease.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Legal Status of the Charity**
The charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.
## **Investments**
Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value.
## **Fixed Assets**
Tangible fixed assets for use by the charity, are capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost or, if gifted, at the value to the charity on receipt.
## **2. TANGIBLE FIXED ASSETS**
The Charity held no fixed assets investments during this or the previous financial period.
This page does not form part of the statutory financial statements
11
## **CHRIST'S ARRIVAL INTERNATIONAL CHURCH (COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2020**
## **3. INCOMING RESOURCES**
|Note
**c) Other Income**
**4. RESOURCES EXPENDED**
Note
Jerusalem Pilgrimage Income-Coker
Jerusalem Pilgrimage Income-Other
CAIC
Mon Pilgrimage
**a) Donations & Legacies**
Independent Examiner Fee
Jerusalem Pilgrims-Other
HMRC Corporation Tax
Storage
**a) Charitable Activities**
Council
Rent (Unimix properties)
Jerusalem Pilgrims-Coker
**b) Investment Income**
Interest Received
Other income
Gifts, Tithes & Offerings|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**2020**
**2019**
£
£
**£**
**£**
21,862
-
21,862
16,571
-
600
600
600
-
-
-
973
901
-
901
-
1,181
-
1,181
-|
|---|---|
||**23,944**
**600**
**24,544**
**18,144**|
||-
4
4
6|
||**-**
**4**
**4**
**6**|
||2,663
-
2,663
-|
||**2,663**
**-**
**2,663**
**-**|
||Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**2020**
**2019**
£
£
**£**
**£**
1,166
-
1,166
1,224
13,165
-
13,165
13,980
-
-
-
950
-
-
-
1,223
100
-
100
-
50
-
50
-
531
-
531
1,121|
||**15,012**
**-**
**15,012**
**18,498**|
This page does not form part of the statutory financial statements
12
## **CHRIST'S ARRIVAL INTERNATIONAL CHURCH (COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2020**
## **5. RESTRICTED FUNDS**
## **CURRENT FINANCIAL YEAR**
|Pilgrimage-Coker
Pilgrimage-Other|**Balance**
Gains &
**Balance**
**01-Jan-20**
Income
Expenditure
(Losses)
Transfer
**31-Dec-20**
£
£
£
£
**£**
(350)
604
-
-
-
254
(250)
-
-
-
-
(250)|
|---|---|
||**(600)**
**604**
**-**
**-**
**-**
**4**|
## **PREVIOUS FINANCIAL YEAR**
|Pilgrimage-Coker
Pilgrimage-Other|**Balance**
Gains &
**Balance**
**01-Jan-19**
Income
Expenditure
(Losses)
Transfer
**31-Dec-19**
£
£
£
£
**£**
-
600
(950)
-
-
(350)
-
973
(1,223)
-
-
(250)|
|---|---|
||**-**
**1,573**
**(2,173)**
**-**
**-**
**(600)**|
As previously arranged, a total of £950 was transferred to Disciple A. Coker’s account for the pilgrimage in 2019. She has a standing order of £50 a month towards the pilgrimage, as we didn’t attend in 2018 or 2019, she is still in credit of £350 at the end of this financial year. The reimbursement did not happen due to travel restrictions because of Covid. It'll most probably happen in 2022 now.
## **6. INVESTMENTS**
The Charity held no investment assets during this or the previous financial period.
## **7. CASH AT BANK AND IN HAND**
|Current Account
Current Account 2|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**31-Dec-20**
**31-Dec-19**
£
£
**£**
**£**
9,516
(1,200)
8,316
4,216
10,166
1,204
11,370
3,272|
|---|---|
||**19,682**
**4**
**19,686**
**7,487**|
## **8. DEBTORS AND PREPAYMENTS**
The Charity held no Debtors during this or the previous financial period.
## **9. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Independent Examiner's Fee|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**31-Dec-20**
**31-Dec-19**
£
£
**£**
**£**
540
-
540
540|
|---|---|
||**540**
**-**
**540**
**540**|
This page does not form part of the statutory financial statements
13
## **CHRIST'S ARRIVAL INTERNATIONAL CHURCH (COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2020**
## **10. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE IN MORE THAN ONE YEAR**
The Charity held no long term liabilities during this or the previous financial period.
## **11. STAFF COSTS AND NUMBERS**
The Charity employed no members of staff during this or the previous financial period.
No employees received emoluments in excess of £60,000. (2019 - None)
## **12. DIRECTORS AND OTHER RELATED PARTIES**
No material payments were made to directors or any persons connected with them during this financial period. No material transaction took place between the charity and a director or any person connected with them.
(2019 - None)
## **13. RECONCILATION OF MOVEMENT ON CAPITAL AND RESERVES**
The Company is Limited by Guarantee 5940375 and it is a charity registered with the Charity Commission 1116914.
It does not have a Share capital and has no income subject to Corporation Tax.
|Profit / Deficit for the financial year
Other Recognised Gains
Balance Brought Forward
Closing Funds at
31-Dec-20|2020
**£**
12,198
-
**12,198**
6,947
**19,146**|2019
**£**
(349)
-|
|---|---|---|
|||**(349)**|
|||7,296|
|||**6,947**|
## **14. RISK ASSESSMENT**
The Directors actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Directors have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
## **15. RESERVES POLICY**
The Directors have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Directors aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Directors will endeavour not to set aside funds unnecessarily.
## **16. PUBLIC BENEFIT**
The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Directors' report. The Directors confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
This page does not form part of the statutory financial statements
14