VOICE OF COMFORT INTERNATIONAL
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 14[TH] JANUARY 2021
CHARITY NUMBER: 1122914
VOICE OF COMFORT INTERNATIONAL FLAT 11 MORETON HOUSE SLIPPERS PLACE LONDON SE16 2EQ
INDEX Page Index 1 Trustee’s Report 2-3 Independent Examiner’s Report 4 Receipts and Payments Account 5 Statement of Assets and Liabilities 6 Notes on the financial Statements 7
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VOICE OF COMFORT INTERNATIONAL
TRUSTEES’ REPORT YEAR ENDED 14[TH] JANUARY 2021
The trustees are pleased to present their report for the year ended 14[TH] January 2021 for the charity, Voice of Comfort International with charity number 1097332.
The Trustees of the charity are: Ms Modinot Adebisi Adediji Ms Odundola Bukola Akinbani Olatunde Lana
The principal address of the charity is : Flat 11 Moreton House Slippers Place London SE16 2EQ
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity governing document is a declaration of trust that was executed 14[th] January 2008.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 first to advance the Christian faith in accordance with the statement of beliefs, to relieve sickness and distress and to advance education for the benefit in the United Kingdom and in such other parts of the world as the trustees may think fit from time to time . 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 meetings through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. The organisation is holding its services in a new location. Due to the lockdown they found themselves rebuilding the ministry as members had been lost due to the lockdowns and many were now being encouraged to get back to their Christina faith.
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FINANCIAL REVIEW
The income of the charity is above £126,000. This is a good amount for this year of the charity the costs have been well managed over this period. This is a lower income than the previous year, but the organisation is in a good financial position at the end of the year. The main cost of the organisation was paying for the rent and maintenance of its building that it uses for worship services and hosting its television programs as well as paying 3 employees. The organisation has continued with its financial saving strategy to grow its reserves and strengthen its financial position in the coming years. The organisation is a going concern.
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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 14[th] April 2022 and signed on their behalf by:
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Independent Examiner’s Report To the Trustees VOICE OF COMFORT INTERNATIONAL
I report on the accounts of the church for the year ended 14[TH ] January 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
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VOICE OF COMFORT INTERNATIONAL
ACCOUNTS FOR THE YEAR ENDED 14th January 2021
1 Receipts & Payments Account (General Purpose Fund)
| Income Receipts £ 2021 Tithes and Offerings 54236 Gift Aid 5416 Total Receipts 59652 ___ Direct Charitable Expenditure Church expenses 1325 Rent and rates of building 40032 Vehicle expenses 3053 Professional fees 1663 Wages 1711 Security 793 Admin 220 Travel costs 441 Stationary 887 Telephone & Internet 2477 Admin services 0 Storage costs 0 Waste services 0 Music/Media services 4200 Refreshments 117 Repairs and Renewals 655 Light & heat 443 Support costs 600 Bank charges 198 Advertising 0 Television/radio costs 500 Card services 0 Welfare 0 59315 Other Expenditure Equipments 2119 Charity donations 130 Fixtrures & Fittings 0 Insurance 1047 3296 Total Payments 62611 Net Receipts/(Payments) for the yea -2959 Cash Funds brought forward 9858 Cash Funds at the end of the year 6899 |
£ 2021 54236 5416 59652 ___ 1325 40032 3053 1663 1711 793 220 441 887 2477 0 0 0 4200 117 655 443 600 198 0 500 0 0 |
£ 2020 139110 9738 148848 ____ 5525 50454 1669 16100 20856 0 1831 1053 60 1860 4538 6692 264 19365 236 5117 167 1190 319 375 3600 1280 0 142551 910 125 0 1911 2946 145497 3351 6507 9858 |
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VOICE OF COMFORT INTERNATIONAL
2 Statements of Assets and Liabilities at 14th JANUARY 2021
| Cash Funds Barclays Savings BARCLAYS Bank Rental Deposit Total Cash Funds Assets Retained for the Charity's Own use Musical Instruments Equipments Fixtures & Fittings Liabilities Accounting fee NET ASSETS |
Unrestricted Funds 2021 2020 £ £ 5664 1842 1235 9858 0 0 _ _ 6899 9858 _ _ 764 955 16459 18455 749 936 _ _ 17972 20346 _ _ 600 600 |
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| 24271 31446 |
Approved by the Trustees and signed on their behalf:
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VOICE OF COMFORT INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 14th July 2021
ACCOUNTING POLICIES
Basis of Accounting
These accounts have been prepared on the receipts and payments basis under section 42(3) of the Charities Act 1993.
Funds
Unrestricted funds are those which can be used at the Trustees' discretion. Restricted Funds are those whose purposes have been restricted by the donor.
Depreciation
Depreciation is calculated at 20% reducing balance method.
Staff
The church had 3 employees during the accounting year. Most of the work was carried out by volunteers. The church ran a PAYE scheme. No employee earned more than £35,000 in the financial year.
Public Benefit
The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or aims that are for public benefit.Details of how this is achieved are provided in the Trustees report. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
Trustee Remuneration
Trustee Modinot Adebisi Adediji received emoluments of £4538 for administrative and pastoral services rendered to the charity.
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