THE ARM OF GOD INTERNATIONAL CHURCH LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28[TH] February 2024
COMPANY NUMBER: 06496969
CHARITY NUMBER:1124348
THE ARM OF GOD INTERNATIONAL CHURCH LIMITED (A COMPANY LIMITED BY GUARANTEE)
LEGAL & ADMINISTRATIVE DETAILS YEAR ENDED 28[TH] FBRUARY 2024
ADDRESS FOR CORRESPONDENCE
28 CORRY DRIVE LONDON SW9 8QT
REGISTERED COMPANY NUMBER 6496969
REGISTERED CHARITY NUMBER 1124348
GOVERNING DOCUMENT MEMORANDUM & ARTICLES OF ASSOCIATION 7[TH] FEBRUARY 2008 AMENDED 6[TH] MAY 2008 AND 17[th] JULY 2009
TRUSTEES/ DIRECTORS
Rev Barbara Otchere Ms Abigail Otchere Ms Eunice Ampiah
PRINCIPAL BANKERS
HSBC 512 BRIXTON ROAD LONDON SW9 8ER
ACCOUNTANTS
FRESH FIRE ORGANISATION GENERATOR BUSINESS CENTRE 95 MILES ROAD MITCHAM SURREY CR4 3FH
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THE ARM OF GOD INTERNATIONAL CHURCH LIMITED 28 CORRY DRIVE LONDON ENGLAND SW9 8QT
INDEX Page Legal & Administrative Details 1 Index 2 Trustee’s Report 3 Statement of Financial Activities 4 Balance Sheet 5 Notes on the financial Statements 6 - 8
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THE ARM OF GOD INTERNATIONAL CHURCH LIMITED
TRUSTEES’ REPORT YEAR ENDED 28[TH] FEBRUARY 2024
The trustees are pleased to present their report for the year ended 28[th] February 2024 for the charity, The Arm of God International Church Limited with charity number 1124348.
The Trustees of the charity are: Rev Barbara Otchere Ms Abigail Otchere Ms Eunice Ampiah
The principal address of the charity is: 28 Corry Drive London SW9 8QT
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity governing document is a Memorandum and Articles of Association that was incorporated 7[th] February 2008 as amended by special resolution on 6[th] May 2008 and 17[th] July 2009.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 is the advancement of the Christian religion in the United Kingdom and Worldwide in particular but not exclusively the establishment and renewal of Christian churches and ministries. The provision of training and education for the ministries of the church both at home and overseas and the encouragement of Christians to become established and active members of their local churches. 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 held successful meetings through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. The organisation also continues to hold its weekly worship services, which continues to encourage and strengthen the members of the community. The Church also sponsored the hosting of television programs on a Christian channel.
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FINANCIAL REVIEW
The income of the charity is above £26,000 and was from donations received from members. The church cut down on its expenses this year and is an ongoing concern.
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 build up and 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 19[th] March 2024 and signed on their behalf by:
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THE ARM OF GOD INTERNATIONAL CHURCH LIMITED
Statement of Financial Activities for the year ended 28th February 2024
| Unrestricted | Total Funds | ||||
|---|---|---|---|---|---|
| Funds | 2024 | 2023 | |||
| Incoming Resources from | Note | £ | £ | ||
| generated funds | |||||
| Voluntary Income | 26293 | 26293 | 37819 | ||
| Investment income | 0 | 0 | 0 | ||
| _____ ___ ______ |
|||||
| 26293 | 26293 | 37819 | |||
| Other Income | |||||
| Giftaid Tax | 0 | 0 | 0 | ||
| ____ ____ |
|||||
| Total Incoming | 26293 | 26293 | 37819 | ||
| Resources | |||||
| ________ ______ |
|||||
| Resources Expended | |||||
| Charitable activities in furtherance of objectives | |||||
| Cost of Activities | 3 | 19,203 | 19,203 | 26674 | |
| Other | 4 | 1,947 | 1,947 | 2672 | |
| ____ ____ |
|||||
| Total Resources | 21,150 | 21,150 | 29346 | ||
| Expended | ____ ____ |
||||
| Net movement in funds | 5,143 | 5,143 | 8473 | ||
| Reconciliation of Funds | |||||
| Total Funds brought forward | -22521 | -22521 | -30994 | ||
| Total Funds carried forward | -17,378 | -17,378 | -22521 |
The above funds are all classed as to purpose All movements of funds and all recognised gains and losses are included above.
The notes on the accounts form part of these accounts.
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THE ARM OF GOD INTERNATIONAL CHURCH LIMITED Balance Sheet as at 28th February 2024
| Note 2024 Fixed Assets £ Tangible fixed assets 2 3757 _ 3757 _ Current Assets Cash at bank and 407 in hand Debtors & prepayment 6 0 407 Creditors:amounts falling due after one year Creditors & accruals 5 21542 _ Net Current Assets -21135 _ Net Assets -17378 Unrestricted Funds General Fund -17378 _ TOTAL FUNDS -17378 _ |
2023 £ 4337 |
|---|---|
| _ 4337 _ 305 0 |
|
| 305 27163 _ -26858 _ -22521 -22521 |
|
| _ -22521 _ |
For the year ended 28th February 2024 The Arm of God International Church limited was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies
Directors' responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies's regime.
Rev Barbara Otchere Director
__________ Director's Signature
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THE ARM OF GOD INTERNATIONAL CHURCH LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 28[TH] FEBRUARY 2024
1) Accounting Policies
The financial statements are prepared under the historic cost convention ( as modified by the revaluation of fixed asset investments) and in accordance with applicable accounting standards: Statement of Recommended Practice: Reporting and Accounting by Charities issued March 2005 and the provisions of the Charities Act 1993. Significant policies adopted are
Incoming Resources
Incoming resources are recognised in the statement of financial activities when entitlement has passed to the organisation and the amounts are certain and measurable.
Any incoming resources received that relate exclusively to future periods are Deferred on the Balance Sheet
Resources Expended
Expenditure is recognised in the statement of financial activities when a liability is incurred or increased without a commensurate increase in recognised assets or a reduction in liabilities.
Allocation of Costs
Direct Activity Costs comprise those costs that contribute directly to an activity and are allocated to the relevant activity
Support Costs comprise those costs that are necessary to deliver an activity but in themselves do not produce or deliver an activity. Support costs are allocated to activities based on the direct salary costs of the activity compared with total activity salary costs
Governance costs are those costs incurred to meet statutory and constitutional requirements.
Funds
Restricted funds represent income received that is subject to restrictions on use as determined by the donor which are narrower than the general objects.
Designated funds represent funds set aside by the Trustees for specific purposes General funds are those funds made available for the charity’s general objects.
Depreciation
Items of equipment over £500 are capitalised and depreciated so as to write off Cost in equal instalments over their useful lives. Rates are set at equipment 5 to 10 years.
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THE ARM OF GOD INTERNATIONAL CHURCH LIMITED Notes to the accounts for year ended 28th February 2024
| **2 ** | Tangible Fixed Assets | Instrument | Equipment | Total | 2024 |
|---|---|---|---|---|---|
| Cost | £ | £ | £ | ||
| At 01/03/2023 | 240 | 7144 | 7384 | ||
| Additions | 0 | 359 | 359 | ||
| ______ | |||||
| At 28/02/2024 | 240 | 7503 | 7743 | ||
| Depreciation | |||||
| At 01/03/2023 | 130 | 2917 | 3047 | ||
| charge for the year | 22 | 917 | 939 | ||
| ______ | |||||
| At 28/02/2024 | 152 | 3834 | 3986 | ||
| Net Book Value at 28/02/2024 | 88 | 3669 | 3757 | ||
| Net Book Value at 01/03/2023 | 110 | 4227 | 4337 |
3 Cost of Activities in furtherance of Charity's Objectives
| 2024/£ | 2023/£ | |
|---|---|---|
| Hire of Hall | 9040 | 6935 |
| Repairs | 0 | 305 |
| Bank charges | 69 | 74 |
| Welfare | 356 | 1370 |
| Transport | 190 | 883 |
| Supplies | 911 | 3897 |
| Travel | 0 | 320 |
| Telephone | 957 | 1030 |
| Refreshments | 647 | 291 |
| Office expenses | 1522 | 99 |
| Stationary | 438 | 158 |
| Music Services | 200 | 0 |
| Pastors expenses | 0 | 3715 |
| Depreciation | 939 | 1083 |
| Rates | 0 | 200 |
| Speaker Expenses | 595 | 2200 |
| Charity giving | 0 | 900 |
| Media supplies | 0 | 1351 |
| Insurance | 911 | 1690 |
| Media services | 1253 | 173 |
| Televisionprograms | 1175 | 0 |
| Total | 19203 | 26674 |
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THE ARM OF GOD INTERNATIONAL CHURCH LIMITED Notes to the accounts for year ended 28th February 2024
| 4 Other Misisons Professional fees Sundry Admin Total |
2024/£ 2023/£ 1683 0 264 0 0 0 0 0 |
|---|---|
| 1947 0 |
Trustee Remuneration
No trustee received remuneration during the year.
All other work was carried out by volunteers.
5 Creditors: amounts falling due after one year
| 2024/£ | 2023/£ | ||
|---|---|---|---|
| Independent examinati | 154 | 300 | |
| Loan | 21388 | 26850 | |
| Admin | 0 | 13 | |
| Total | 21542 | 27163 | |
| **6 ** | Debtors and Prepayments | 2024/£ | 2023/£ |
| 0 | 0 |
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