Registered number: 5941593 Charity number: 1119216
CHRIST ARMY CHARISMATIC MINISTRIES
(A company limited by guarantee)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021
CHRIST ARMY CHARISMATIC MINISTRIES
(A company limited by guarantee)
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the Charity, its Trustees and advisers | 1 |
| Trustees' report | 2 - 5 |
| Independent examiner's report | 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 - 9 |
| Notes to the financial statements | 10 - 20 |
CHRIST ARMY CHARISMATIC MINISTRIES (A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2021
| Trustees | S O APPOH |
|---|---|
| F A LARBI | |
| R HOOPER | |
| D T OLUSILE | |
| A OLUSILE | |
| Company registered number 5941593 Charity registered number 1119216 Registered office 20 Pearce Drive Faringdon SN7 7ND |
Page 1
CHRIST ARMY CHARISMATIC MINISTRIES (A company limited by guarantee)
TRUSTEES' REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2021
The Trustees present their annual report together with the financial statements of the CHRIST ARMY CHARISMATIC MINISTRIES for the 1 October 2020 to 30 September 2021. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) 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 2019).
Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
Christ Army Charismatic Ministries was registered as a charity on 16 May 2007. It has a five-member board of trustees, who are ultimately responsible for the overall running of the charity, its property, finances, charitable activities and employment of its staff or volunteers. The trustees also aim to work in a way, so as to ensure the smooth running of the church, to enable it fulfill its Christian mandate in promoting the Christian faith primarily in the Abingdon-Oxfordshire area, and in other towns, cities and counties in the United Kingdom as a whole. Since 2011, another branch of the church has been operating in Swindon, Wiltshire.
Objectives and activities
Strategies for achieving objective s
Through Worship, Prayer and Bible Studies we seek to know God better, and to be conformed to His purposes for our lives. In partnership with other Christians we wish to make His love known within the local community.
Our Mission Statement reads “To Glorify God by the preaching of the word of faith, to bring people to the family of Christ Jesus, nurture them to Christian maturity, equip and empower them for ministry in the church and the world”. The Church is not a building, but a gathering of ordinary people of different ages and backgrounds, whose lives have been changed by Jesus Christ, the Son of God.
The New Testament reveals the Church as a community of people properly taught and cared for, by Christ Jesus and the Apostles. Christ Army Charismatic Ministries; its trustees, pastors, elders and members are committed to the restoration of those New Testament principles. The Church strives to provide spiritual nourishment and growth to our members so that they can also reach out to the community and beyond. Members are trained and encouraged to live exemplary lives in the community and to lead other people in the community, particularly those who are not Christians, to come to the saving knowledge of Christ, and to live purpose-driven lives that will impact their communities in various positive ways.
Activities undertaken to achieve objectives
The church has several activities, which are directed at achieving our aims. Our activities include Marriage seminars, Weekly Bible Studies, Fasting and Prayer, Outreach Programs (Evangelism), And Charitable Giving [We Care Program] etc. These activities are undertaken through our various dedicated departments and ministries. The head pastor offers counselling to our members as well as members of the community. We also have social activities such as Family Fun Days, Games, Picnics, Beach Trips, and Gospel Concerts etc., which bring members of the church and the community together to socialize and celebrate. This year, just like in previous years, the church intensified its outreach program in the community through events such as Family Fun Days, and Fanfares etc, which helped advance social integration, cohesion And unity in our community.
Page 2
CHRIST ARMY CHARISMATIC MINISTRIES
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021
Objectives and activities
Policies and objectives
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
Main activities undertaken to further the Charity's purposes for the public benefit
Achievements and performance
Main achievements of the Charity
The year 2020 was a very challenging year, obviously as a result of the covid-19 pandemic which resulted in a long lockdown accompanied by so many restrictions. During this period the church could not meet in person and had to resort to only online services, which were not as impactful, interesting and socially interacting as compared with in person services; as a result, the church lost quite a number of memberships. This unfortunately did continue into 2021 even when the lockdown was lifted, and it has been a slow and gradual process to rebuild the membership back to appreciable numbers ever since.
In order to avoid further loses and to keep the church running, various online(zoom) social activities such as storytelling, movie discussion, book discussion, children’s plays and quizzes etc are organized that brings the church family together. It was so popular, we get a lot of positive feedbacks. Our counselling sessions are also intensified, especially towards those who we deemed most vulnerable, such as singles who live alone all by themselves.
Furthermore, the head pastor and his wife undertake regular visits to members of the church to strengthen them spiritually, and also to check on their physical and mental wellbeing. On such visits, individuals who are identified as having special needs such as finances and food etc, are supported.
Finally by way of reaching out to the community, the church donated various can and dry foods to our local food banks and also organized Soup kitchens and gave out food packages just to give something back to the community and also help those who are hardly hit financially by the pandemic, and are still reeling in its effects.
Financial review
Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources 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. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
Page 3
CHRIST ARMY CHARISMATIC MINISTRIES (A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021
Reserves policy
The charity has maintained substantial cash reserves with the aim of acquiring a property to house its vision and activities. The trustees deem it a key success factor in achieving its charitable objectives.
Principal funding
The Church is mainly funded by members’ donations.
Structure, governance and management
Constitution
CHRIST ARMY CHARISMATIC MINISTRIES is registered as a charitable company limited by guarantee and was set up by a Trust deed.
Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
Organisational structure and decision-making policies
Appointed non-paid members of the church keep our transaction records. Directions relating to the charitable trust are made by the Trustees in consultation with the Elders [pastors and ministers]. Day to day decisions on expenditure are taken by a three-man non-paid finance board, with budgets set and monitored by the Trustees. The powers of appointment or removal of Trustees rests with the Trustees with the approval of the elders [pastors and ministers]. New Trustees are primarily selected from the members of the church or from the leaders of other local churches sharing the same vision. On being appointed, new Trustees will spend time with the existing Trustees to ensure they understand their responsibilities with regards to the legal and financial framework in which the church operates.
Plans for future periods
The church aims to continue to advance its mission of saving souls, raising leaders, impacting lives of individuals, homes and communities at large, through our yearly anniversary celebration programs and weekly Friday, Saturday and Sunday services. The goal of Christ Army Charismatic Ministries is to continue to see improvements in our vision, mission, aims and goals every year. The Church is also praying and working earnestly towards acquiring our own property. More importantly the church is committed to our vision of making a positive impact in the community and to continue to reach out to the youth. We aim to achieve these through teaching and outreach programs
Members' liability
The Members of the Charity guarantee to contribute an amount not exceeding £1 to the assets of the Charity in the event of winding up.
Page 4
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I I I
CHRIST ARMY CHARISMATIC MINISTRIES (A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021
Statement[of Trustees' ] responsibilities
The T�ustees (who are 0 also the directors of the Charity for the purposes of company law) are responsible_ for Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). preparing the Trustees report and the financial statements in accordance with applicable law and United Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of Company law requires the Trustees to prepare financial statements for each financial . Under company law, the the state of affairs of the Charity and of its incoming resources and application of resources, including its income •and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and detection of fraud and other irregularities. responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention
Approved by order of the members of the board of Trustees and signed on their behalf by:
·--�·-······················
F A LARBI
Date: 28 September 2022
j
Page 5
CHRIST ARMY CHARISMATIC MINISTRIES
(A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2021
Independent examiner's report to the Trustees of CHRIST ARMY CHARISMATIC MINISTRIES ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 30 September 2021.
Responsibilities and basis of report
As the Trustees of the Charity (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed: D Tabiri Type text here GIL Accountancy Services
Dated: 28 September 2022
FCCA
Page 6
CHRIST ARMY CHARISMATIC MINISTRIES
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 SEPTEMBER 2021
| Note Income from: Donations and legacies 3 Investments 4 Total income Expenditure on: Charitable activities 5 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2021 £ 100,372 49 100,421 79,682 79,682 20,739 180,433 20,739 201,172 |
Restricted funds 2021 £ - - - 10,991 10,991 (10,991) 112,281 (10,991) 101,290 |
Total funds 2021 £ 100,372 49 100,421 90,673 90,673 9,748 292,714 9,748 302,462 |
Total funds 2020 £ 111,551 126 111,677 115,346 115,346 (3,669) 296,383 (3,669) 292,714 |
|---|---|---|---|---|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 10 to 20 form part of these financial statements.
Page 7
CHRIST ARMY CHARISMATIC MINISTRIES
(A company limited by guarantee) REGISTERED NUMBER: 5941593
BALANCE SHEET AS AT 30 SEPTEMBER 2021
| Note Fixed assets Tangible assets 10 Current assets Debtors 11 Cash at bank and in hand Creditors: amounts falling due within one year 12 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 13 Net assets excluding pension asset Total net assets Charity funds Restricted funds 14 Unrestricted funds General funds 14 Total unrestricted funds 14 Total funds |
13,242 277,965 291,207 (11,752) 201,172 |
2021 £ 70,371 70,371 279,455 349,826 (47,364) 302,462 302,462 101,290 201,172 302,462 |
13,242 283,059 296,301 (5,961) 180,433 |
2020 £ 2,374 |
|---|---|---|---|---|
| 2,374 290,340 |
||||
| 292,714 - |
||||
| 292,714 | ||||
| 292,714 | ||||
| 112,281 180,433 |
||||
| 292,714 |
The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
Page 8
CHRIST ARMY CHARISMATIC AIINISTRIES (A compary lim•ted by guaranlee) REGISTERED NUMBER: 5941593 BALANCE SHEET {CONTINLIED) AS AT 30 SEPTEMBER 2021 The financial slatements been pryed in ar£ance with apFlicaL4e to entiti.es suty'ect to the small companies regime. The fantial ststements appfoved aThJ autho fc* Issue by Ihe Twstees on 28 September 2022 and signed on behalf ty. F A LARBI The rKstes on pages 10 to 20 part of thes¢ financial statents. PAge 9
CHRIST ARMY CHARISMATIC MINISTRIES (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
1. General information
Christ Army Charismatic Ministries is a charitable company, limited by guarantee, registered in England and Wales. The charitable company's registered number and registered office address can be found on the Company Information page.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 (FRS 102) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
CHRIST ARMY CHARISMATIC MINISTRIES meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.4 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
Page 10
CHRIST ARMY CHARISMATIC MINISTRIES (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
2. Accounting policies (continued)
2.5 Tangible fixed assets and depreciation
Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .
Depreciation is provided on the following bases:
Motor vehicles - 10% Straight line - Church & Office equipment 20% Straight line
2.6 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.7 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.8 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
2.9 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
Page 11
CHRIST ARMY CHARISMATIC MINISTRIES (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
2. Accounting policies (continued)
2.10 Finance leases and hire purchase
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the Charity. Obligations under such agreements are included in creditors, net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the Statement of financial activities so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
2.11 Pensions
The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.
2.12 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
3. Income from donations and legacies
| Unrestricted funds 2021 £ Donations 100,372 Unrestricted funds 2020 £ Donations 111,551 |
Total funds 2021 £ 100,372 |
|---|---|
| Total funds 2020 £ 111,551 |
Page 12
CHRIST ARMY CHARISMATIC MINISTRIES
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
4. Investment income
| Unrestricted funds 2021 £ Bank interest received 49 Unrestricted funds 2020 £ Investment income - local cash 126 |
Total funds 2021 £ 49 |
|---|---|
| Total funds 2020 £ 126 |
5. Analysis of expenditure on charitable activities
Summary by fund type
| Unrestricted funds 2021 £ Cost of generating voluntary income 79,202 Charitable activities 480 79,682 Unrestricted funds 2020 £ Cost of generating voluntary income 102,355 Charitable activities 3,029 105,384 |
Restricted funds 2021 £ 10,991 - 10,991 Restricted funds 2020 £ 9,962 - 9,962 |
Total 2021 £ 90,193 480 |
|---|---|---|
| 90,673 | ||
| Total 2020 £ 112,317 3,029 |
||
| 115,346 |
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CHRIST ARMY CHARISMATIC MINISTRIES
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
6. Analysis of expenditure by activities
| Cost of generating voluntary income Charitable activities Cost of generating voluntary income Charitable activities |
Activities undertaken directly 2021 £ 89,196 480 89,676 Activities undertaken directly 2020 £ 111,504 3,029 114,533 |
Support costs 2021 £ 997 - 997 Support costs 2020 £ 813 - 813 |
Total funds 2021 £ 90,193 480 |
|---|---|---|---|
| 90,673 | |||
| Total funds 2020 £ 112,317 3,029 |
|||
| 115,346 |
Page 14
CHRIST ARMY CHARISMATIC MINISTRIES
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
6. Analysis of expenditure by activities (continued)
Analysis of direct costs
| Depreciation Wages, salaries and benefits Empolyer NI Rent & Hall hire Printing, postage & stationary Honorarium Ministry expenses Welfare expenses Anniversary & other programmes Hospitality Telephone Insurance Motor expenses Sundries Bank charges |
Cost of generating voluntary income 2021 £ 3,009 32,675 1,310 10,991 21 6,200 2,859 22,213 2,830 3,039 1,440 1,126 1,108 375 - 89,196 |
Charitable activities 2021 £ - - - - - - - - - - - - - - 480 480 |
Total funds 2021 £ 3,009 32,675 1,310 10,991 21 6,200 2,859 22,213 2,830 3,039 1,440 1,126 1,108 375 480 |
|---|---|---|---|
| 89,676 |
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CHRIST ARMY CHARISMATIC MINISTRIES (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
6. Analysis of expenditure by activities (continued)
Analysis of direct costs (continued)
| Depreciation Wages & Salaries Empolyer NI Hall hire Honorarium Gifts & donations Vicarage & ministry expenses Welfare expenses Anniversary, Hop Hop & other programmes Hospitality Telephone Insurance Motor expenses Sundries Bank charges |
Cost of generating volunt 2020 £ 5,291 32,740 1,324 9,962 15,000 - 1,250 31,050 4,331 6,521 1,476 1,636 921 2 - 111,504 |
Charitable activities 2020 £ - - - - - 1,320 - - - - - - - - 1,709 3,029 |
Total funds 2020 £ 5,291 32,740 1,324 9,962 15,000 1,320 1,250 31,050 4,331 6,521 1,476 1,636 921 2 1,709 |
|---|---|---|---|
| 114,533 |
7. Independent examiner's remuneration
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Fees payable to the Charity's independent examiner for the independent | ||
| examination of the Charity's annual accounts | 500 | 500 |
| Fees payable to the Charity's independent examiner in respect of: | ||
| All other services not included above | 300 | 120 |
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CHRIST ARMY CHARISMATIC MINISTRIES
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
8. Staff costs
| 2021 £ Contribution to defined contribution pension schemes 197 197 The average number of persons employed by the Charity during the year was as follows: 2021 No. Staff 1 |
2020 £ 363 |
|---|---|
| 363 | |
| 2020 No. 1 |
No employee received remuneration amounting to more than £60,000 in either year.
9. Trustees' remuneration and expenses
During the year, one or more Trustees has been paid remuneration or has received other benefits from an employment with the Charity. Remuneration was paid in respect of services provided to the charity in an employment capacity as a minister of religion. The value of Trustees' remuneration and other benefits was as follows:
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| S O APPOH | Remuneration | 18,304 | 18,304 |
| Pension contributions paid | 197 | 363 | |
| Other benefits | 14,371 | 14,436 |
During the year ended 30 September 2021, no Trustee expenses have been incurred (2020 - £NIL) .
10. Tangible fixed assets
| Cost or valuation At 1 October 2020 Additions At 30 September 2021 |
Motor vehicles £ 23,224 71,006 94,230 |
Office equipment £ 44,889 - 44,889 |
Total £ 68,113 71,006 |
|---|---|---|---|
| 139,119 |
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CHRIST ARMY CHARISMATIC MINISTRIES
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
10. Tangible fixed assets (continued)
| Depreciation At 1 October 2020 Charge for the year At 30 September 2021 Net book value At 30 September 2021 At 30 September 2020 11. Debtors Due after more than one year Due within one year Other debtors 12. Creditors: Amounts falling due within one year Other taxation and social security Obligations under finance lease and hire purchase contracts Pension fund loan payable Accruals and deferred income |
Motor vehicles £ 21,514 2,345 23,859 70,371 1,710 |
Office equipment £ 44,225 664 44,889 - 664 2021 £ 13,242 13,242 2021 £ 4,338 6,914 - 500 11,752 |
Total £ 65,739 3,009 |
|
|---|---|---|---|---|
| 68,748 | ||||
| 70,371 | ||||
| 2,374 | ||||
| 2020 £ 13,242 13,242 2020 £ 5,296 - 165 500 5,961 |
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CHRIST ARMY CHARISMATIC MINISTRIES
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
13. Creditors: Amounts falling due after more than one year
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Net obligations under finance lease and hire purchase contracts | 47,364 | - |
14. Statement of funds
Statement of funds - current year
Unrestricted funds General Funds 1 Restricted funds Restricted Funds - all funds Total of funds Statement of funds - prior year Unrestricted funds General Funds 1 Restricted funds Restricted Funds - all funds Total of funds |
Balance at 1 October 2020 £ 180,433 112,281 292,714 Balance at 1 October 2019 £ 174,140 122,243 296,383 |
Income £ 100,421 - 100,421 Income £ 111,677 - 111,677 |
Expenditure £ (79,682) (10,991) (90,673) Expenditure £ (105,384) (9,962) (115,346) |
Balance at 30 September 2021 £ 201,172 |
|---|---|---|---|---|
| 101,290 | ||||
| 302,462 | ||||
| Balance at 30 September 2020 £ 180,433 |
||||
| 112,281 | ||||
| 292,714 |
Page 19
CHRIST ARMY CHARISMATIC MINISTRIES
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
15. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Unrestricted funds 2021 £ Tangible fixed assets 70,371 Current assets 189,917 Creditors due within one year (11,752) Creditors due in more than one year (47,364) Total 201,172 |
Restricted funds 2021 £ - 101,290 - - 101,290 |
Total funds 2021 £ 70,371 291,207 (11,752) (47,364) 302,462 |
|---|---|---|
Analysis of net assets between funds - prior year
| Tangible fixed assets Current assets Creditors due within one year Total |
Unrestricted funds 2020 £ 2,374 184,020 (5,961) 180,433 |
Restricted funds 2020 £ - 112,281 - 112,281 |
Total funds 2020 £ 2,374 296,301 (5,961) 292,714 |
|---|---|---|---|
16. Pension commitments
The Charity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Charity in an independently administered fund. The pension cost charge represents contributions payable by the Charity to the fund and amounted to £197 (2020 - £363). Contributions totalling £Nil (2020 - £165) were payable to the fund at the balance sheet date and are included in creditors.
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