Charity Registration Number : 1121400
JESUS REIGNS MINISTRIES - UK
Report and Accounts
for the year ended
30 April 2022
JESUS REIGNS MINISTRIES - UK
Report and accounts for the year ended 30 April 2022
| Contents | |
|---|---|
| Page | |
| Charity information | 1 |
| Trustees' Annual Report | 2 - 6 |
| Statement of Trustees responsibilities | 7 |
| Independent Examiner's Report | 8 |
| Statement of Financial Activities | 9 |
| Balance sheet | 10 |
| Notes to the accounts | 11 - 16 |
JESUS REIGNS MINISTRIES - UK
Charity Registration Number : 1121400
Reference and administrative details
The charity is registered with the Charity Commission of England and Wales under the name of Jesus Reigns Ministries - UK with charity number 1121400
Jesus Reigns Ministries - UK (otherwise known as JRM-UK) originated as an autonomous charity of Jesus Reigns Ministries, Inc, Manila, Philippines.
The registered office of the charity is 79 Royal Lane, Uxbridge UB8 3QT.
The charity's areas of operation in UK are London, Essex, Bournemouth, Swindon, Peterborough and Sudbury.
Legal structure of the charity
The governing document of the charity is a constitution adopted on 5 May 2007.
The principal contact address, telephone number and website of the charity
79, Royal Lane Uxbridge UB8 3QT www.facebook.com/jrmlondon
jesusreignsministrieslondon@gmail.com
Tel :07886215275
Trustees
The following persons served as Trustees during the year ended 30 April 2022
Guada Cayetano (Chairperson) Maria Cecilia De Lima Mario Bernabe Marilou Argent Jojo Mercado Veronica Grande
Bankers
Barclays Bank Plc Lloyds Bank Plc HSBC Plc
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JESUS REIGNS MINISTRIES - UK
Trustees' Annual Report for the year ended 30 April 2022
The Trustees present their Report and Accounts for the year ended 30 April 2022 which also comprises the Directors' Report.
Objects and activities of the charity
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To advance the Christian faith in accordance with the statement of beliefs appearing in the schedule hereto in Hillingdon and in such other parts of UK or the world as the trustees may from time to time think fit.
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To relieve persons who are in condition of need or hardship or who are aged or sick and to relieve the distress caused thereby in Hillingdon and in such other parts of UK or the world as the trustees may from time to time think fit.
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To advance the education in accordance with Christian principles in Hillingdon and in such other parts of UK or the world as the trustees may from time to time think fit.
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To promote and fulfil such other charitable purposes beneficial to the community Hillingdon and in such other parts of UK or the world as the trustees may from time to time think fit.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.
Inspiring Worship Sunday Services on-line and on-site Prayer Meetings, Tarrying Nights, Prayer Vigil/Dawn watch, Worship Nights Discipleship Training Leadership and Ministry Training Kids' Sunday School and Youth Empowerment Young Professional Fellowship and Empowerment Parents and Couples Empowerment Men of Christ Ministry Mum and Women Ministry Prayer and Worship Ministry Hospital and House Visitation Hospital Ward Carolling and Gift-giving Child Dedication and Water Baptism Evangelistic Activities and Bi-annual Family Camp Annual Anniversary of Ministry Celebration Renewal of Marriage Vows Wedding Ceremony Sports Events Counselling and Funeral Services Household of Faith Ministry
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Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit
The Trustees consist of the main pastors of the outreaches and the lead treasurer. The Trustees are aware of their responsibilities because they run the outreaches in accordance to the objectives of the charity and Charity Commission within the environment they operate.
Furthermore, the Trustees meet regularly to review and discuss the strategies and activities and evaluate the public interest and objectives of both the charity and Charity Commission.
Policy on grant making
Jesus Reigns Ministries-UK and Jesus Reigns Ministries, Inc, Manila, Philippines have a common purpose in furthering the objectives of winning souls for Christ through planting outreaches, evangelism, discipleship, leadership training and education of the present and next generation. Grant is given to Jesus Reigns Ministries, Inc, Manila, Philippines for the advancement of this purpose.
Contribution made by volunteers
The trustees and members of the charity are volunteers who ensure the smooth running of the charity. They are given allowance based on the financial capability of the outreach. This allowance is then being spent for various ministerial purposes such as transportation, discipleship, evangelism, house or hospital visitation and many other form of pastoral care.
Achievements and Performance
Summary of the main achievements of the charity
Our activities are open to whosoever wants to know God and experience His love. We resumed in person gathering on 2 May 2021 after the COVID 19 pandemic and the movement restriction removed by the government in March 2021. The attendance was initially slow but gradually improved when the members felt it was safe to do so. JRM-UK complimented the face to face activities by continuing the real-time media broadcast by internet streaming in order to allow other outreaches and interested people within and outside UK to participate in the activities of the charity.
We resumed worship services, discipleship and leadership training, kids and youth services, empowerment programmes and other activities. We re-started family camp, water baptism and other events we missed during the lockdown.
We continued to assist members and families in our communities who were in need of financial and other support due to the change of standard of living caused by the COVID 19 pandemic.
We are glad to announce Sudbury as our new outreach which commenced full fledged charitable activities in 15 September 2021. Up till this time, Sudbury was supported by Essex outreach.
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Financial Review
Review of the charity’s financial position at the end of the period
The accounts of the charity showed a gross income for the year of £348,075 (2020/21 - £273,724) of which £27,281 was restricted income. This was an increase of 27% above the previous year income. Included in this gross income was the charity's entitlement to HMRC's gift aid rebate of £59,319 (2020/21 - £49,389) - an increase of 20%. The increase in gross income was principally due to the increase in membership, the generosity of members and the contribution of Sudbury outreach.
The resources expended on charitable activities during the year was £255,008 (2020/21 - £151,297) of which £28,184 was restricted. This increase of 69% was mainly due to the change in prices for goods and services. Our activities also increased during this period.
The charity recorded an operating surplus for the year of £93,067, a drop of 24% (2019/20 - £122,427).
The total funds carried forward increased by 21% to £541,415 compared to the previous year of £448,348.
The Trustees consider this financial performance satisfactory.
Reserves policy
The charity retains free reserves of £509,332 to be able to meet its future activities and to allow for repairs, maintenance and replacement of assets.
Going concern
The trustees have considered the current macro and micro economic factors and agreed that there are no material uncertainties about the charity's ability to continue as a going concern.
Charity's principal sources of funds
The principal source of funds of the charity comes from voluntary donations in terms of tithes and offerings which is included as Voluntary Income in the financial statements.
Principal risks facing the charity
The trustees have assessed and evaluated the major risks facing the charity and are satisfied of the strategies in place to mitigate exposures to these risks.
Structure, Governance and Management
Governing document
The charity is constituted as an unincorporated association governed by a trust deed.
Trustee selection
The main pastor of each outreach and the lead treasurer are selected as Trustees after serving the charity for five years.
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Policies and procedures adopted for the induction and training of trustees
Every Trustee must be a long standing church pastor and must be aware of the ethos of the charity and Charity Commission. Every appointee must undergo practical and live training in discipleship, leadership and management.
The charity from time to time arranges training for the Trustees during the year to refresh them of their roles and responsibilities.
Organisational structure and any wider network with which the charity works
Each outreach is headed by a pastor who appoints the team to work with in accordance with the policies of the charity. London outreach serves as the coordinating hub of all the policies and activities of the charity.
Relationship with any related parties
The charity has a strong link with Jesus Reigns Ministries, Inc, Manila, Philippines and this has been documented under Policy on grant making.
Similarly, we shall continue to support other European outreaches by giving them guidance on both ministerial and administrative aspects of the ministry.
The storage and safeguarding of the charity assets of the Hillingdon outreach in London takes place at the house of the chairperson. This is documented in the financial statements.
Funds held as custodian trustees on behalf of others
The charity does not hold funds or assets as custodians on behalf of others apart from that of the charity.
Future development plans
The charity will continue to build and improve on its current achievement, proclaiming the doctrine of love, peace, hope and grace that the Christian faith stands for. The charity will also continue to foster community involvement to build a better society.
The charity on the long term will continue to build its cash deposit base from voluntary donations from members and the gift aid tax rebate from HMRC to acquire its own premises to cater for the increasing members and worshippers.
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JESUS REIGNS MINISTRIES - UK
STATEMENT OF TRUSTEES RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements In accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities In England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of FRS102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) require 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 Incoming resources and application of resources, Including the income and expenditure, of the charity for that period.
In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently; observe the methods and principles In the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained In the financial statements;
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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 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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.
Guada Cayetano Chairperson of the Board of Trustees
Dated 15 February 2023
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JESUS REIGNS MINISTRIES - UK
Charity Registration Number : 1121400
Independent Examiner’s Report on accounts for the year ended 30 April 2022
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed.
I am qualified to undertake the examination by being a qualified member of the Chartered Institute of Management Accountants (CIMA) .
It is my responsibility to examine the accounts under section 145 of the Charities Act, 2011 follow the procedures laid down in the general directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and to state whether particular matters have come to my attention.
Scope of examination
My examination was conducted in accordance with the general directions given by the Charity Commission. This 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 the charity's personnel concerning any such matters. I have not performed an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view .
Independent examiner's statement
In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:
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the accounting records were not kept in accordance with section 130 of the Charities Act;
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the accounts did not accord with the accounting records; or
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the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2018 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.
I 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.
Opeoluwa Opeodu (ACA, CIMA, CGMA) O&A Solutions Ltd 11 Curlew Close High Wycombe, Buckinghamshire, HP13 5JY
Dated 15 February 2023
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JESUS REIGNS MINISTRIES - UK
Charity Registration Number : 1121400
Statement of financial activities for the year ended 30 April 2022
| Notes Incoming resources Voluntary income 2 Other 2b Investment income 3 Gift aid tax reclaim 4 Resources expended Expenditure on: Charitable activities 5 - 9 Net income Transfer between funds Reconciliation of funds: Net movement in funds Total funds brought forward Total funds carried forward Total Total |
2021 Unrestricted funds Restricted funds Total funds Total funds £ £ £ £ 260,264 27,281 287,545 222,582 1,172 - 1,172 1,682 39 - 39 71 59,319 - 59,319 49,389 2022 |
|---|---|
| 320,794 27,281 348,075 273,724 |
|
| 226,824 28,184 255,008 151,297 - |
|
| 226,824 28,184 255,008 151,297 |
|
| 93,970 -903 93,067 122,427 |
|
| 1,904 -1,904 - |
|
| 95,874 -2,807 93,067 122,427 |
|
| 434,494 13,854 448,348 325,921 |
|
| 530,368 11,047 541,415 448,348 |
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JESUS REIGNS MINISTRIES - UK
Charity Registration Number : 1121400
Balance Sheet as at 30 April 2022
| Notes Fixed assets Tangible assets 10 Total fixed assets Current assets Debtors 11 Cash at bank and in hand 11 Total current assets Creditors: amounts falling due within one year 12 Net current assets/(liabilities) Total net assets or liabilities Creditors: amounts falling due after one year 13 Total net assets or liabilities 15 Funds of the Charity Funds of Charity Brought forward Excess of income over expenditure Total funds |
2021 Unrestricted funds Restricted funds Total funds Total funds £ £ £ £ 21,036 21,036 21,055 - - - - 2022 |
|---|---|
| 21,036 - 21,036 21,055 |
|
| 108,908 - 108,908 91,802 410,856 12,951 423,807 347,391 |
|
| 519,764 12,951 532,715 439,193 |
|
| 4,875 - 4,875 4,439 |
|
| 514,889 12,951 527,840 434,754 |
|
| 535,925 12,951 548,876 455,809 |
|
| 7,461 7,461 7,461 |
|
| 528,464 12,951 541,415 448,348 |
|
| 434,494 13,854 448,348 325,921 95,874 -2,807 93,067 122,427 |
|
| 530,368 11,047 541,415 448,348 |
The financial statements were approved by the Board of Trustees on and were signed on its behalf by:
Guada Cayetano Chairperson of the Board of Trustees
Dated 15 February 2023
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JESUS REIGNS MINISTRIES - UK
Charity Registration Number : 1121400
Notes to the financial statements for the year ended 30 April 2022
1. Accounting Policies
Basis of preparing the financial statements
The financial statements of the charity have been prepared under the historical cost convention is a public benefit entity.
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 (FRS 102).
Going concern
The Trustees consider that there are no existing material uncertainties that may cast significant doubt upon the entity's ability to continue as a going concern.
Income
All Income Is recognised In the Statement of Financial Activities once the charity has entitlement to the funds, it Is probable that the Income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there Is a legal or constructive obligation committing the charity to that expenditure, it Is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be reliably measured. Expenditure Is accounted for on an accruals basis and is accounted to include all costs directly attributable to the charitable activities. Where costs cannot be directly attributed to a charity activity, they are classified under headings that aggregate all cost related to the category.
Tangible fixed assets
Tangible fixed assets are measured at their original cost value. Cost value includes all costs expended in bringing the asset into its intended working condition.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Plant, machinery and motor vehicles 25% straight line Fixtures, fittings and equipment 25% straight line
Fund accounting
The income included in the financial statements primarily comes from voluntary donations by members of the charity and the HMRC as gift aid tax rebate.
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Unrestricted funds can be used in accordance with the charitable objectives and at the discretion of the Trustees.
Restricted funds arise when the donor specifies a particular purpose for its utilisation within the objects of the charity.
Further explanation of the nature and the purpose of unrestricted and restricted funds is included in the notes to the financial statements.
Hire purchase obligation
Assets obtained under hire purchase contracts are capitalised as tangible fixed assets in the financial statements.
Assets held under finance leases are depreciated over the shorter of the lease term and the estimated useful life of the asset.
Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligation, exclusive of finance charges allocated to future periods, is recognised as a creditor with the finance element charged to the income statement over the relevant period.
The hire purchase liability is stated in the financial statements as creditors with amount falling due within one year and creditor with amount falling due more than one year.
2. Voluntary income
| Tithes and offerings Deposit against events Gifts and donations received |
Unrestricted funds 2022 £ 259,600 59 605 260,264 |
Restricted funds 2022 £ 8,477 10,424 8,380 27,281 |
Total funds 2022 £ 268,077 10,483 8,985 287,545 |
Total funds 2021 £ 209,440 393 12,749 222,582 |
|---|---|---|---|---|
2b. Other income
| Profit on disposal of assets Other income |
Unrestricted funds 2022 £ 1,172 1,172 |
Restricted funds 2022 £ - - |
Total funds 2022 £ 0 1,172 1,172 |
Total funds 2021 £ 700 982 1,682 |
|---|---|---|---|---|
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3. Investment income
| Interest receivable on bank deposits |
Unrestricted funds 2022 £ 39 39 |
Restricted funds 2022 £ - - |
Total funds 2022 £ 39 39 |
Total funds 2021 £ 71 71 |
|---|---|---|---|---|
4. Gift aid tax reclaim
| Gift aid tax receivable | Unrestricted funds 2022 £ 59,319 59,319 |
Restricted funds 2022 £ - - |
Total funds 2022 £ 59,319 59,319 |
Total funds 2021 £ 49,389 49,389 |
|---|---|---|---|---|
During the period, the Charity claimed gift aid for the year ended 30 April 2022. The amount is stated in the income statements because the charity has entitlement to the fund and the amount can be measured by sufficient reliability.
5. Governance costs
| Accounting fees Legal services Trustees' meeting |
Unrestricted funds 2022 £ 7,500 558 2,187 10,245 |
Restricted funds 2022 £ - - - - |
Total funds 2022 £ 7,500 558 2,187 10,245 |
Total funds 2021 £ 5,700 - 294 5,994 |
|---|---|---|---|---|
6. Premises and equipment costs
| Rent Depreciation |
Unrestricted funds 2022 £ 29,136 15,155 44,291 |
Restricted funds 2022 £ - - - |
Total funds 2022 £ 29,136 15,155 44,291 |
Total funds 2021 £ 10,812 11,630 22,442 |
|---|---|---|---|---|
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7. Administrative expenses
| Insurance Meetings Pastoral allowance Supplies Telephone Training Financial charges 8. Grant payable 9. Charitable activities Evangelism and Discipleship Events Gifts and donations Pastoral expenses Hospitality Travelling and motor expenses Worship team expenses Missions Covid19 expenses Others Jesus Reigns Ministries, Inc, Manila, Philippines |
Unrestricted funds 2022 £ 3,566 5,074 - 6,692 1,110 7,712 696 24,850 Unrestricted funds 2022 £ 28,477 28,477 Unrestricted funds 2022 £ 17,783 46,487 16,808 22,828 2,396 4,390 7,643 - 197 430 118,962 |
Restricted funds 2022 £ - - - - - 2,258 - 2,258 Restricted funds 2022 £ 977 977.00 Restricted funds 2022 £ 2,000 18,121 4,828 - - - - - - - 24,949 |
Total funds 2022 £ 3,566 5,074 0 6,692 1,110 9,970 696 27,108 Total funds 2022 £ 29,454 29,454 Total funds 2022 £ 19,783 64,608 21,636 22,828 2,396 4,390 7,643 - 197 430 143,911 |
Total funds 2021 £ 2,527 779 17,556 3,395 984 - 21 25,262 Total funds 2021 £ 27,574 27,574 Total funds 2021 £ 8,254 12,076 31,250 4,363 1,102 2,274 5,485 - 4,638 583 70,025 |
|---|---|---|---|---|
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10. Fixed assets
| 10. Fixed assets | ||||
|---|---|---|---|---|
| Cost Cost at 1 May 2021 Additions Disposals Cost carried forward Depreciation Depreciation at 1May 2021 Disposals Depreciation charge for the year Depreciation carried forward Net book value at 30 April 2022 Net book value at 30 April 2021 11. Current assets Cash at bank and in hand Debtors: 2019/20 Gift aid receivable 2020/21 Gift aid receivable 2021/22 Gift aid receivable Other debtors Total debtors |
Unrestricted funds 2022 £ 410,856 - 49,389 59,319 200 108,908 519,764 |
Plant, machinery and motor vehicles £ 30,280 - - 30,280 17,915 - 6,870 24,785 5,495 12,365 Restricted funds 2022 £ 12,951 - - - - - 12,951 |
Fixtures, fittings and equipment £ 48,923 15,136 - 64,059 40,233 - 8,285 48,518 15,541 8,690 Total funds 2022 £ 423,807 - 49,389 59,319 200 108,908 532,715 |
Total £ 79,203 15,136 |
| - | ||||
| 94,339 58,148 |
||||
| - | ||||
| 15,155 73,303 21,036 21,055 Total funds 2021 £ 347,391 42,213 49389 - 200 91,802 439,193 |
12. Creditors: Amounts due within one year
| Accounting fees Hire purchase creditor |
Unrestricted funds 2022 £ 2,075 2,800 4,875 |
Restricted funds 2022 £ - - - |
Total funds 2022 £ 2,075 2,800 4,875 |
Total funds 2021 £ 300 4,139 4,439 |
|---|---|---|---|---|
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13. Creditors: Amounts due after one year
| Hire purchase creditor | 2022 £ 7,461 7,461 |
2021 £ 7,461 7,461 |
|---|---|---|
The total hire purchase liability for the purchase of a Toyota van is £11,600 and this represents the liability of the capital value due within one year of £1,404 and after one year of £7,461.
14. Movement in funds
| Fund balances brought forward Income Expenditure Transfers Fund balances carried forward |
Unrestricted funds £ 434,494 320,794 -226,824 1,904 530,368 |
Restricted funds £ 13,854 27,281 -28,184 -1,904 11,047 |
Total £ 448,348 348,075 -255,008 - 541,415 |
|---|---|---|---|
The transfer is the correction of dedicated funds earlier treated as restricted.
15.Trustees' remuneration and expenses
The following payment was made to the Trustees as expenses during the financial year:
| Guada Cayetano Victoria Grande Maria Cecilia De Lima Mario Bernabe Jojo Mercado Marilou Argent |
2022 £ 3900 3900 3660 6500 2567 400 20,927 |
2021 £ 2,700 3,900 3,600 5,000 1,631 400 17,231 |
|---|---|---|
16. Related party transaction
During the year music equipment and a motor vehicle were stored in the house of the chairperson - G Cayetano at a cost of £4,800 (2021 - £4,800).
17.Subsequent events
There are no other known material events arising after the reporting date.
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