(Registered Charity No –1124040)
POTTERS HOUSE CHRISTIAN FELLOWSHIP UK SUTTON CHURCH Trustees’ Report and Accounts for the year ending 31 August 2024
| CONTENTS | |
|---|---|
| PAGE | |
| Legal and Administrative Details | 2 |
| Trustees' Report | 3 |
| Independent Examiners Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Accounts | 8 |
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REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2024
- Trustees 1. Abiola Ifanse v s 2. Kathryn Ifanse Chelangat 3. Farayi Bayayi
Charity registered Number 1124040 Date of charitable registration 13[th] May 2008 Principal office address Flat 18 Chestnut Court 65 Mulgrave Road Sutton SM2 6LR Independent examiners Accounting Assist Ltd C/O Good to Give Ltd Bankers Barclays Bank
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TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2024
The Board of Trustees, who are the trustees for charity law purposes, submit their annual report and the financial statement of Potters House Christian Fellowship UK Sutton Church for the year ended 31 August 2024. The Board of Trustees confirms that the annual report and financial statements of the Charity comply with current statutory requirements, the requirements of the Charity's governing document and the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities (revised 2005)'.
Structure, governance and management
The 3 Trustees are:
Abiola Ifanse v s Kathryn Ifanse Chelangat Farayi Bayayi
The Trustees play a primary role in ensuring good governance and functioning of the foundation. The Board’s role, functions and responsibilities are quite clearly defined.
The Charity currently has a strong team of Advisory board members in the UK who have helped to secure financial support and contribute to the future planning of the organisation.
Governing document:
Potters House Christian Fellowship UK Sutton Church is a charitable organisation formed on 28[th] March 2008 and registered with the Charity Commission on 13[th] May 2008.
Objectives and activities:
To advance the Christian faith in accordance with the statement of beliefs in the schedule hereto attached in Sutton, Surrey and in such other parts of the United Kingdom and the world as the Church Council may from time to time think fit and other such purposes which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of the charity;
The relief of poverty and sickness and to relieve the distress caused thereby regardless of nationality, religious, political or other opinion in the said Sutton, Surrey and in such other parts of the United Kingdom and the world as the Church Council may from time to time think fit.
Review of Activities:
We have experienced great progress and increased income while at the same time the church congregation has also increased. This has allowed us to be a supporting influence to overseas works by both financial gifts and spiritual help.
We have continued to progress and grow as a Church. The Church has always functioned to the objectives, by conducting various outreaches such as concerts, revivals and impact teams.
Plans for future periods:
As in prior years, we are aiming to see our Church become an ever more increasing influence in our area, and in Surrey as a whole.
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TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2•24 Statement of Board of Trnstees. responslbllities Th¢ Board of Trustees are responsible for prq)aring the AtUal Report and the finan¢ial $tat¢ments in accordance with appli¢abl¢ law and United Kingdom Genera]ly ALxepted Accounting Practice. Charity law applicable to charities in Englandlwales requires the Board of Trust¢es to prepare fanCIal statements for each financial year which gives a true and fair view of the state of affairs of the CTr1ty and of the surplus or deficit of the Charity for that period. In preparing those financial statements the Board of TThtees have: Selected suitable accounting policies and applied them wllsist¢ntly, Made judgments and ¢stint¢S that are reasonable and pnthnt. Stated whether applicable accounting standards bave been followe¢ subject to any material departures disclosed and explained in the filnCIal slatements" and Prepared the fLnancial statements on a going concern basis {unless it is inappropriate to presume that the Charity will continue in operation). The BoariT ofTrustees has overdlt respon571 )Tity for eSu[Ing tTLat the CharityTh&s an appropriate System of controls, financial and oth¢rwis¢. Th¢y aT¢ also r¢sponsible for keeping proper accounting records which disclose with reasonable accurdcy at any time the fllwicial position of the Charity and enable them to ensure that the financia] statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the Charity and hence for taking reawnable steps for the detection and prevention of fraud and other irregularities. The Board of Trustees is responsible for the maintenallce and integrity of the corporate and fanCIal itifornution. Legislation in the United Kingdom governing the preparation and dissemination of fmancial statements may diff¢r from legislation in other jurisdictions. Statement of disclosure of inforniation to independent examiner We, as the Trustees of the Charity who held office at the date of approval of these financial statements as set out on page 2 each collfirn4 so far as we are aware. that: There is no relevant inforn]ation of which the Charity's independent exarninw is unaw. and w¢ have tsken all the steps that we ougbt to have taken as Trustees in order to make ourselves aware of any relevant inforn)ation and to establish that the Charitys independent examiner is aNvare of that infomiation. This report was approved by the Tn on and signed on their behalf by. h£ioLO //AbJ Signature.... 41P38e
INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 31 AUGUST 2024
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF POTTERS HOUSE CHRISTIAN FELLOWSHIP UK SUTTON CHURCH
I report on the financial statements of the charity for the year ended 31 August 2024 which comprise the Statement of Financial Activities and Balance Sheet with associate notes.
This report is made solely to the charity's Trustees, as a body, in accordance with section 145 of the Charities Act 2011 and regulations made under section 154 of that Act. 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 examination work.
Respective Responsibilities of Trustees and Examiner
The charity's Trustees are responsible for the preparation of the financial statements, and they consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the Act) and that an independent examination is needed.
It is my responsibility to:
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Examine the accounts (under Section 145 of the Charities Act);
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To follow the procedures laid down in the General Directions given by the Charity Commissioners (under Section 145(5)(b) of the Charities Act); and
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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 Commissioners. An examination includes a review of the accounting records kept by the Group/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 statement below.
Independent Examiner's statement
In connection with 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 respect the requirements:
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to keep accounting records in accordance with section 130 of the Act; and
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to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the Act
- have not been met; or
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2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
Signed: Dated: 30/06/2025 Sree
Anum Hassan, FCCA
On behalf of Accounting Assist Ltd
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STATEMENT OF FINANCIAL ACTIVITIES (Incorporating income and expenditure account) FOR THE YEAR ENDED 31 AUGUST 2024
| Unrestricted | Restricted | Total Funds | Total Funds | ||
|---|---|---|---|---|---|
| 2024 | 2024 | 2024 | 2023 | ||
| Notes | £ | £ | £ | £ | |
| Incoming resources | |||||
| General offerings | 2 | 59,472 | - | 59,472 | 59,156 |
| Gift Aid | - | - | - | 13,214 | |
| Total Incoming resources | 59,472 | 59,472 | 72,371 | ||
| Resources expended | |||||
| Direct charitable expenditure | 3a | 64,168 | - | 64,168 | 60,743 |
| Governance costs | 3b | 2,768 | - | 2,768 | 2460 |
| Total Resources expended | 66,936 | - | 66,936 | 63,203 | |
| Movement in total fund for the income / (expenditure) For the |
year- Net year |
-7,464 | - | -7,464 | 9,168 |
| Fund balance brought forward | 15,175 | - | 15,175 | 6007 | |
| Fund balance carried forward | 7,711 | - | 7,711 | 15,175 |
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BALANCE SHEET AS AT 31 AUGUST 2024 2024 2023 Note FIXED ASSETS Invesim¢nts 8.150 11,1 CURRE[ ASSETS Dcbtors Cash at baDk 1.490 4,025 £1.490 £4.025 CREDITORS: amounts falling due withinone year P4ET CURREYT ETs -£439 £4.025 I ET ASSETS £7.711 £15,175 CHAIUTY FUNDS Urlrestricted funds 7.711 15,175 Restricted funds TOTAL FUNDS 7,711 15,175 The fmancial statements wcre approv¢d by the Tte¢S and signed on their behalf. by.. fv10&4 1fi1 Signature.. Date. 93 06.gr Th¢ notes on pages 8 & 9 forni part of tILese fllwicial statements
NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 AUGUST 2024
1. ACCOUNTING POLICIES
1.1 Basis of Accounting
The accounts have been prepared under the "Receipts and Payments" basis as prescribed by the Charity Commissioners, and they meet the appropriate legal requirements.
1.2 Restricted Funds
There are no restricted funds held by the church at the end of the financial year (2024: Nil).
1.3 Payments to Trustees
Other than for reimbursements of expenses incurred there were no payments to trustees, or any persons connected with them during this financial year.
No other material transaction took place between the organisation and a trustee, or any person connected with them.
1.4 Risk Assessment
The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
1.5
Reserves Policy
The trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The trustees will endeavour not to set aside funds unnecessarily.
1.6 Public Benefit
The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or 'aims' that are for the public benefit. Details of how the charity has achieved this 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.
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NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 AUGUST 2024 (Continued)
2. VOLUNTARY INCOME
| Incoming Resources: Donations & Offerings Gift Aid Tax Reclaimed Total Incoming Resources . RESOURCES EXPENDED a)Cost of Charitable Activities Books & Periodicals Equipment Hospitality Local Outreach Love Offering Offerings PPS & Office Running Printing & Outreach Rent (Premises Costs) Sundries Travel Utilities Total Expenditure b) Governance Costs Independent Examiners Total |
Unrestricted Total Total 2024 2024 2023 £ £ £ 59,472 59,472 59,156 - - 13,214 59,472 59,472 72,371 Unrestricted Total Total 2024 2024 2023 £ £ £ 491 491 256 2,768 2,768 109 8,739 8,739 8,176 17 17 1,373 4,087 4,087 3,471 9,925 9,925 13,336 8,329 8,329 11,034 3,113 3,113 3,480 13,610 13,610 11,064 433 433 705 12,519 12,519 6,763 136 136 978 |
Unrestricted Total Total 2024 2024 2023 £ £ £ 59,472 59,472 59,156 - - 13,214 59,472 59,472 72,371 Unrestricted Total Total 2024 2024 2023 £ £ £ 491 491 256 2,768 2,768 109 8,739 8,739 8,176 17 17 1,373 4,087 4,087 3,471 9,925 9,925 13,336 8,329 8,329 11,034 3,113 3,113 3,480 13,610 13,610 11,064 433 433 705 12,519 12,519 6,763 136 136 978 |
|
|---|---|---|---|
| 64,168 64,168 60,743 |
|||
| 2,768 2,768 2,460 |
|||
| 2,768 2,768 2,460 |
3. RESOURCES EXPENDED
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