2021-03-31-accounts - A-Life Faith Chapel

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REGISTERED CHARITY NUMBER: 1118631

A LIFE FAITH CHAPEL

REPORT AND FINANCIAL STATEMENT FOR THE (UNAUDITED)

YEAR ENDED 31[ST] MARCH 2021

Page CONTENTS 1 Charity information 2 Independent Examiner’s report 3 Income and Expenditure Account 4 Balance Sheet 5 Notes to the Accounts 6 – 9

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number

1118631

Registered office

212 ST ANDREWS ROAD NORTHAMPTON NN2 6BN

Trustees

REV. GUSTAV OBIRI YEBOAH ASARE AFRIYIE RICHARD AMPONSAH ERIC TAKYI ABEAM

Accountants

J & T Lexington Services Limited 8 Holme Close Redhill Grange Wellingborough NN9 5YF

Trustees’ Report

The Trustees have pleasure in submitting their report, and accounts for the year ended 31[st] March 2020. The financial statements have been prepared in accordance with the accounting policies set out on page 8, and comply with the statement of recommended practice.

Constitution, objective of the charity, principal activity.

The charity is governed under a constitution adopted on 18[th] March 2007 with UK registered charity no. 1118631.

The objectives of the charity:

➢ To advance the christian faith in accordance with the statement of faith in such ways and in such parts of the united kingdom or the world as the trustees from time to time may think fit.
➢ To relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind, including through the provision of counselling and support in such parts of the united Kingdom or the world as the trustees from time to time may think fit.
➢ To advance education in such ways and in such parts of the united Kingdom or the world as the trustees from time to may think fit.
➢ To reform and rehabilitate persons who are for the time being or who have at any time been drug addicts, in particular by provision of advice, information and support.
➢ To rehabilitate and support individuals who have been excluded from society.

The ministry is involved in Christian outreach programmes designed to increase Christian awareness and spread the gospel of our Lord Jesus Christ.

Review of the financial position

The charity made a deficit for the year amounting to £8,972. (2020 deficit: £10,117).

Approval

The report was approved by the board of trustees on …………… 2021 and signed on their behalf by:

________ Pastor Gustuv Yeboah

Independent Examiner’s Report to the Trustees of A Life faith chapel

I report on the accounts for the year ended 31st March 2021 set out on pages four to nine

Respective responsibilities of trustees and examiner

The trustees of the charity are responsible for the preparation of the accounts. The charity’s trustee 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 required.

Having satisfied myself that the charity is not subject to audit and is eligible for independent examination, 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
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 Commission. 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 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 statements 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
(2) to keep accounting records in accordance with section 386 and 387 of the Companies Act 2006;
(3) to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice and Reporting by Charities have not been met; or (4) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Joseph Kinuthia C.P.A, DMS, MBA J & T Lexington Services 8 Holme Close Redhill Grange Wellingborough NN9 5YF

Statement of financial activities for the year ended 31[st] March 2021 Incorporating the Income and Expenditure Account

Note Incoming Resources Incoming resources from generated funds 2 Voluntary income Gift Aid - Accrued Interest received Total Incoming Resources Resources expended Charitable activities Travel & accommodation Subsistence allowance Printing & stationery Telephone & postage Heat, Water & Light Advertising Motor Vehicle expenses Donations Overseas Missions Professional fees Repairs & Maintenance Bank charges/ Interest Insurance Admin & Hospitality expenses Depreciation of fixed assets Governance costs 3 Total resources expended Net incoming/ (outgoing) resources Balances carried forward at 31st March 2021	2021 £ 41,049 10,091 6 51,146 300 20,712 - 660 2,091 - 1,281 4,105 13,243 751 1,634 3,540 699 2,749 7,653 59,418 700 60,118 (8,972) (8,972)	2020 £
		48,636 12,035 97
		60,768
		3,442 16,693 856 1,099 1,593 818 3,453 2,975 1,762 1,901 6,505 4,900 2,235 13,629 8,324
		70,185 700
		70,885
		(10,117) (10,117)

There were no recognised gains or losses in the year. All activities derive from continuing operations.

Balance Sheet as at 31[st] March 2021

Note Fixed assets Tangible fixed assets 4 Current assets Debtors 5 Cash at bank and in hand Creditors-amounts falling due within one year 6 Net current assets/(liabilities) Net assets Represented by: Funds of the charity Long term liabilities - Loans 7 Reserves Net incoming resources	10,091 3,568	2021 £ 250,121 12,959 263,080 83,493 188,559 (8,972) 263,080	2020 £
			257,774 12,035 8,441
	13,659 (700)		20,476 (700)
			19,776
			277,550
			88,991 198,676 (10,117)
			277,550

The financial statements were approved by the Trustees on ……………2021 and signed on their behalf by:

Pastor Gustuv Yeboah

Trustee

Notes to the financial statements for the year ended 31[st] March 2021

1. Accounting policies

a) Accounting basis

These accounts have been prepared on the receipts and payments basis under section 42(3) of the Charities Act 1993 and the Statement of Recommended Practice on Accounting by Charities published in March 2008. The adoption of the revised SORP has resulted in reclassification of some items.

b) Incoming resources

i) Voluntary income

Voluntary income is received by way of Tithes offerings, donations and gifts and is included in full in the Statement of Financial Activities when receivable.

ii) Bank interest

Bank interest is included in the income and expenditure account on receipt.

c) Resources expended

All expenditure is accounted for on an accruals basis.

d) Fixed assets and depreciation

Fixed assets are included at cost. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life using the reducing balance method. Depreciation was charged at 2% on building, 25% on the Vehicle, and 12.5% on all other assets.

e)

Restricted and unrestricted funds

Income received for restricted purposes is included in a separate restricted fund against which appropriate expenditure is allocated. Restricted funds are those funds which represent grants and donations for a specific purpose. Upon full performance of the purpose of the grant, any surplus is then retrievable by the donor. Income generated for the objects of the charity without further specified purpose is allocated to unrestricted funds. Accumulated surpluses may be retained by the church and are expendable at the discretion of the trustees in furtherance of the church’s objects. There were no restricted funds during the year.

Notes to the financial statements for the year ended 31[st] March 2021

1. Accounting policies (continued)

f) Designated funds

Designated funds are allocated out of unrestricted funds by the trustees for specific purposes. The use of such funds is at the trustees’ discretion. There were no designated funds during the year.

g) Irrecoverable VAT

The church is unable to recover VAT since it does not make taxable supplies. The cost of irrecoverable VAT is not separately analysed in the financial statements.

h) Cash Flow

The church has taken advantage of the exemptions in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small church.

2. Incoming resources from generated funds

Voluntary income Gift Aid accrued	Unrestricted Funds £ 41,049 10,091 51,140	Restricted Funds £ - - -	Total funds 2021 £ 41,049 10,091 51,140	Total funds 2020 £
				48,636 12,035
				60,671

Notes to the financial statements for the year ended 31[st] March 2021

3. Governance costs

Accountancy fees	2021 £ 700.00 700.00	2020 £
		700.00
		700.00

4. Tangible fixed assets

Cost At 1st April 2020 Additions At 31st March 2021 Depreciation At 1st April 2020 Charge At 31st March 2021 Net book value 2021 Net book value 2020	Church Building £ 289,053 - 289,053 52,875 4,724 57,599 231,454 236,178	MOTOR VEHICLE £ 17,950 - 17,950 14,115 959 15,074 2,876 3,835	Fixtures & Fittings £ 6,483 - 6,483 3,550 191 3,741 2,742 2,933	Church equipment £ 29,020 - 29,020 14,192 1779 15,971 13,049 14,828	Total £
					342,506 -
					342,506
					84,732 7,653
					92,385
					250,121
					257,774

5. Debtors

Sundry debtors	2021 £ 10,091 10,091	2020 £
		12,035
		12,035

Notes to the financial statements for the year ended 31[st] March 2021

6. Creditors – amounts falling due within one year

Other creditors and accruals	2021 £ 700.00 700.00	2020 £
		700.00
		700.00

7. Long term liabilities

Loans Unity Trust	2021 £ 83,493 83,493	2020 £ 88,991
		88,991

8. Financial commitments

Capital Commitments

The church had a capital commitments (mortgage for church building) as at 31[st] March 2021.

Operating lease commitments

The church had no operating lease commitments as at 31[st] March 2021.