FOCUS INTERNATIONAL CHRISTIAN CENTRE
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31[ST] DECEMBER 2021
CHARITY NUMBER : 1116926
FOCUS INTERNATIONAL CHRISTIAN CENTRE 123 UXBRIDGE ROAD HILLINGDON UXBRIDGE UB10 0LQ
INDEX Page Index 1 Trustee’s Report 2-3 Independent Examiner’s Report 4 Statement of Financial Activities 5 Balance Sheet 6 Notes on the financial Statements 7 - 10
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FOCUS INTERNATIONAL CHRISTIAN CENTRE
LEGAL & ADMINISTRATIVE DETAILS YEAR ENDED 31[ST] DECEMBER 2021
ADDRESS FOR CORRESPONDENCE
123 UXBRIDGE ROAD HILLINGDON MIDDLESEX UB10 0LQ
REGISTERED CHARITY NUMBER
1116926
GOVERNING DOCUMENT
DECLARATION OF TRUST 25[TH] SEPTEMBER 2006.
TRUSTEES/ DIRECTORS
Pastor (Mrs) Benedicta Olagunju Dr Benedict Olagunju Mr Michael Adeyemo Mr Olalekan Bello
PRINCIPAL BANKERS
UNITY TRUST BANK PLC NINE BRINDLEYPLACE BIRMINGHAM B1 2HB
INDEPENDENT EXAMINER
FRESH FIRE ORGANISATION GENERATOR BUSINESS CENTRE 95 MILES ROAD MITCHAM CR4 3FH
FOCUS INTERNATIONAL CHRISTIAN CENTRE
TRUSTEES’ REPORT YEAR ENDED 31[st] December 2021
The trustees are pleased to present their report for the year ended 31[st] December 2021 for the charity, Focus International Christian Centre with Charity Number 1116926.
The Trustees of the charity are: Mr Michael Adeyemo Pastor Benedicta Olagunju Pastor Benedict Olagunju Mr Olalekan Bello
The principal address of the charity is: Focus House
123 Uxbridge road, Hillingdon UB10 0LQ
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity governing document is a trust deed that was adopted on 25[th] September 2006 .The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.
OBJECTIVES AND ACTIVITIES
The Objects of the organisation are to advance the Christian Faith [in accordance with the Statement of Beliefs] through Wembley, Middlesex and throughout the world as the trustees may see fit from time to time, secondly to relieve persons who are in condition of need or hardship o aged or sick and to relieve distress. The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.
ACHIEVMENTS AND PERFORMANCE
The Organisation continues to hold successful worship services through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. It used most of its funds in running its programs during the year. It continues to rent out the flats connected with its premises and this has provided some additional rental income. The church continues to hold its regular conferences that has assisted in enhancing the quality of lives of members of the general public for the good. Due to Covid most of the services were held online on Zoom.
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FINANCIAL REVIEW
The income of the charity is above £160,000. This is an increase on its previous year’s income and the church has a healthy amount in its reserves as well. It is in a financially strong position as it plans ahead regarding its future. The costs have been managed over this period. The church used a large amount of its income in paying the mortgage for the building as well as the general duties of running as a ministry. The church is a going concern.
FUTURE PLANS
The church intends to continue to host its regular yearly conferences in UK. They will continue to support their yearly conferences in the community. The intended reappointment of our present independent examiner at the upcoming trustee meeting is expected to support the financial operations by making it more effective
RESERVE POLICY
It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure. This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to maintain this level throughout the year.
RISK MANAGEMENT
The charity have assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.
TRUSTEE RESPONSIBILITIES
Under the Charities Act 2011, the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:
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Select suitable accounting policies and apply them consistently.
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Make judgements and estimates that are reasonable and prudent.
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State whether the applicable accounting standards have been followed.
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Prepare financial statements on an ongoing basis.
They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.
Approved by the Trustees on 1[st] February 2022 and signed on their behalf by:
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Independent Examiner’s Report To the Trustees
FOCUS INTERNATIONAL CHRISTIAN CENTRE
I report on the accounts of the church for the year ended 31[st] December 2021 set out on the following pages which have been prepared on the basis of the accounting policies shown in the corresponding pages.
Respective responsibilities of trustees and examiner
The trustees of the church are responsible for the preparation of accounts: they consider that the audit requirement under section 144(2) of the Charities Act 2011 (the 2011 Act),does not apply. 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 Commissioners made under section 145(5)(b) of the 2011 Act.
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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 church 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 trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In the course of 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 aspect, the trustees have not met the requirements to ensure that:
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proper accounting records are kept( in accordance with section 130 of the 2011 Act
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accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 2011 Act: 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.
CHUKS AJUKA BSc(Man), FICB PMDip FRESH FIRE ORGANISATION Generator Business Centre 95 Miles Road Mitcham Surrey CR4 3FH 4
FOCUS INTERNATIONAL CHRISTIAN CENTRE
Statement of Financial Activities for the year ended 31st December 2021
| Unrestricted | Total Funds | |||
|---|---|---|---|---|
| Funds | 2021 | 2020 | ||
| Incoming ResourcesNote | £ | £ | ||
| from generated funds | ||||
| Donations and Legacie | 2 | 112159 | 112159 | 79224 |
| Investment income | 3 | 16 | 16 | 133 |
| 112175 | 112175 | 79357 | ||
| Other Income | ||||
| Other | 48245 | 48245 | 38292 | |
| Total Incoming | 160420 | 160420 | 117649 | |
| Resources | ||||
| Resources Expended | ||||
| Charitable activities in furtherance of objectives | ||||
| Charitable Activities | 5 | 69,426 | 69,426 | 72063 |
| Other | 6 | 740 | 740 | 884 |
| Total Resources | 70,166 | 70,166 | 72947 | |
| Expended | ||||
| Net movement in funds | 90,254 | 90,254 | 44702 | |
| Other recognised gains | ||||
| Gains on investments | ||||
| Reconciliation of Funds | ||||
| Total Funds brought forward | 281322 | 281322 | 236620 | |
| Total Funds carried forward | 371,576 | 371,576 | 281322 |
The above funds are all classed as to purpose All movements of funds and all recognised gains and losses are included above.
The notes on the accounts form part of these accounts.
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FOCUS INTERNATIONAL CHRISTIAN CENTRE Balance Sheet as at 31st December 2021
| Note 2021 Fixed Assets £ Tangible fixed assets 5 439813 _ 439813 _ Current Assets Cash at bank and 176051 in hand Debtors & prepayments 9 49200 225251 Creditors:amounts falling due within one year Creditors & accruals 7 600 _ Net Current Assets 224651 _ Creditors: amounts due falling after one year 8 292888 _ Net Assets 371576 _ General Funds 371576 Total Funds 371576 |
2020 439344 |
|---|---|
| ___ 439344 |
|
| ___ 108963 44050 |
|
| 153013 600 _ 152413 _ 310435 |
|
| ___ 281322 |
|
| ___ 281322 281322 |
Approved by the trustees on 1st February 2022 and signed on their behalf by :
The notes on these accounts form part of these accounts
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FOCUS INTERNATIONAL CHRISTIAN CENTRE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] DECEMBER 2021
1) Accounting Policies
These accounts have been prepared under the historic cost convention with items Recognised at cost or transaction values 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 (FRS102) issued on 16 July 2014.
- 1.1 Going Concern: The accounts are prepared on a going concern basis.
1.2 The accounts present a true and fair view and no change have been made to the accounting policies adopted.
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1.3 No changes to the accounting estimates have occurred in the reporting period
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1.5 No material prior year error have been identified in the reporting period.
Recognition of Income
These are included in the Statement of Financial Activities (SOFA) when:
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The charity becomes entitled to resources;
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It is more likely than not that the trustees will receive the resources;
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The monetary value can be measured with sufficient reliability.
Grants and Donations
Grants and Donations are only included in the SOFA when the general income recognition criteria are met (5.10 to 512 FRS102 SORP)
- .
Tax reclaim on donations and gifts
Gift Aid receivable is included in the income when there is a valid declaration from the donor. Any gift aid amount recovered on a donation is considered to be part of that gift and is treated in addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
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 reasonable certainty.
Grants and Support Costs
Support costs have been allocated between the governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
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FOCUS INTERNATIONAL CHRISTIAN CENTRE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] DECEMBER 2021
Creditors
The charity has creditors which are measured at settlement amounts less any trade discounts.
ASSETS
Tangible Fixed Assets for use by the charity
They are capitalised if they can be used for more than one year. They are valued at cost. The depreciation is calculated at 20% reducing balance method.
Debtors
Debtors are measured on initial recognition at settlement amount. Subsequently they are measured at cash.
.
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FOCUS INTERNATIONAL CHRISTIAN CENTRE
Notes to the accounts for year ended 31st December 2021
2 Voluntary Income
| Church collections Tithes and Offerings Grant Total |
Unrestricted Total funds Total funds Funds 2021 2020 £ £ £ 110260 110260 79224 10899 10899 |
|---|---|
| _______ 121159 121159 79224 _______ |
2A Other Income
| me | |
|---|---|
| Rental Income Gift Aid Total |
2021/£ 2020/£ 22112 22602 26133 15690 |
| 48245 38292 |
3 Investment income
| Unrestricted | Total funds | ||
|---|---|---|---|
| Funds £ | 2021/£ | 2020/£ | |
| Bank Interest | 133 | 16 | 133 |
| 4 Tangible Fixed Assets Cost At 01/01/2021 Additions At 31/12/2021 Depreciation At 01/01/2021 charge for the year At 31/12/2021 Net Book Value at 31/12/2021 Net Book Value at 01/01/2021 |
Instrument Van Equipment building Total £ £ £ £ £ 2001 2481 14927 435000 454409 0 0 1672 0 1672 |
|---|---|
| _________ 2001 2481 16599 435000 452946 1470 2063 11532 0 15065 106 84 1013 0 1203 |
|
| _________ 1576 2147 12545 0 16268 425 334 4054 435000 439813 531 418 3395 435000 439344 |
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FOCUS INTERNATIONAL CHRISTIAN CENTRE Notes to the accounts for year ended 31st December 2021
| **5 ** | Cost of Activities in | furtherance of | Charity's Objectives | Charity's Objectives |
|---|---|---|---|---|
| 2021/£ | 2020/£ | |||
| Hall Hire | 0 | 3959 | ||
| Mission house rent | 13800 | 13800 | ||
| Maintenance/ Repair | 268 | 649 | ||
| Waste services | 0 | 0 | ||
| Insurance | 3635 | 3872 | ||
| Church conferences | 600 | 4074 | ||
| Transportation costs | 638 | 546 | ||
| Salary | 11400 | 11400 | ||
| Subscription | 129 | 129 | ||
| Training | 894 | 0 | ||
| Bank Charges | 98 | 121 | ||
| Mortgage Interest | 18367 | 16080 | ||
| Benevolence gifts | 4690 | 2950 | ||
| Light and heat | 2559 | 4620 | ||
| Stationary | 160 | 75 | ||
| Sundry | 0 | 1227 | ||
| Hospitality | 0 | 0 | ||
| Telephone | 1438 | 1333 | ||
| Depreciation | 1203 | 1086 | ||
| Welfare | 5142 | 3238 | ||
| Advert | 0 | 29 | ||
| Media Services | 310 | 150 | ||
| Professional fees | 1638 | 0 | ||
| Web hosting | 571 | 239 | ||
| Mission | 500 | 0 | ||
| Rates | 1386 | 2486 | ||
| Total | 69426 | 72063 | ||
| **6 ** | Other | 2021/£ | 2020/£ | |
| Independent examination | 600 | 600 | ||
| Administration | 140 | 284 | ||
| Total | 740 | 884 | ||
| Staff Costs | £ | £ | ||
| Salaries | 11400 | 11400 | ||
| Tax/NIC | 0 | 350 | ||
| Total | 11400 | 11750 |
No employee earned more than £15,000 p.a. There were 2 employees during the year.
| 7 Creditors: amounts falling due within one year Independent examination Total 8 Creditors: amounts falling due after one year Mortgage |
2021/£ 2020/£ 600 600 |
|---|---|
| 600 600 |
|
| 2021/£ 2020/£ 292888 310435 |
The church has a mortgage on its building on a repayment basis for 20 years.
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FOCUS INTERNATIONAL CHRISTIAN CENTRE Notes to the accounts for year ended 31st December 2021
| **9 ** | Debtors and Prepayments | 2021/£ | 2020/£ |
|---|---|---|---|
| Tax recoverable | 25700 | 23550 | |
| Loan to members | 23500 | 20500 | |
| Total | 49200 | 44050 |
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