COMMUNITY BAPTIST LONDON
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30[TH] DECEMBER 2020
CHARITY NUMBER: 1124514
COMMUNITY BAPTIST LONDON 19 NANT COURT GRANVILLE ROAD LONDON NW2 2LB
INDEX Page Legal & Administrative Details 1 Trustee’s Report 2-3 Independent Examiner’s Report 4 Statement of Financial Activities 5 Balance Sheet 6 Notes on the financial Statements 7-10
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COMMUNITY BAPTIST LONDON
LEGAL & ADMINISTRATIVE DETAILS YEAR ENDED 30[TH ] DECEMBER 2020
ADDRESS FOR CORRESPONDENCE
19 NANT COURT GRANVILLE ROAD LONDON NW2 2LB
REGISTERED CHARITY NUMBER 1124514
GOVERNING DOCUMENT DECLARATION OF TRUST 6[TH] MAY 2008.
TRUSTEES/ DIRECTORS
Rev Israel Cruz Mrs Esmeralda Fernandes Cruz Mr Albano Luis Gomez Pereira Thais Fernandes Barbosa Rosana Fernandes
PRINCIPAL BANKERS
BARCLAYS BANK
137 LADDBROKE GROVE NOTTING HILL W11 1PR
INDEPENDENT EXAMINER
FRESH FIRE ORGANISATION GENERATOR BUSINESS CENTRE 95 MILES ROAD MITCHAM CR4 3FH
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COMMUNITY BAPTIST LONDON
TRUSTEES’ REPORT YEAR ENDED 30[TH] DECEMBER 2020
The trustees are pleased to present their report for the year ended 30[th] December 2020 for the charity, Community Baptist London with charity number 1124514.
The Trustees of the charity are: Rev Israel Cruz
Mrs Esmeralda Cruz Mr Albano Luiz Gomes Pereira Thai Fernandes Barbosa Rosana Fernandes
The principal address of the charity is : 19 Nant Road
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity governing document is a declaration of trust that was executed 6[TH] May 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 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 of the Christian faith. The church also continued to support its Christian outreaches in the community. The organisation due to the pandemic held its services and programmes online. The charity also continues to run work place pension for its employees in the financial year.
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FINANCIAL REVIEW
The income of the charity is above £63,000. This is a good amount for this year of the charity the costs have been well managed over this period. The organisation is still in a good position to manage its costs. The church is currently saving for the purpose of purchasing worship premises in the future and has a good amount in its reserves.
PLANS FOR THE FUTURE
The church intends to continue to host its regular weekly services in UK. The church has no debt liability and is a going concern. The intended re-appointment of our present independent examiner at the upcoming trustee meeting is expected to support the financial operations by making it more effective.
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 28[th] October 2021 and signed on their behalf by:
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Independent Examiner’s Report To the Trustees
COMMUNITY BAPTIST LONDON
I report on the accounts of the church for the year ended 30[th ] December 2020 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 PM.Dip FRESH FIRE ORGANISATION Generator Business Centre 95 Miles road Mitcham Surrey CR4 3 FH
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COMMUNITY BAPTIST LONDON
Statement of Financial Activities for the year ended 30th December 2020
| Unrestricted | Total Funds | |||
|---|---|---|---|---|
| Funds | 2020 | 2019 | ||
| Incoming Resources from | Note | £ | £ | |
| generated funds | ||||
| Donations and Legacies | 63087 | 63087 | 68245 | |
| Investment income | 0 | 0 | 0 | |
| 63087 | 63087 | 68245 | ||
| Other Income | ||||
| Other | 0 | 0 | 0 | |
| Total Incoming | 63087 | 63087 | 68245 | |
| Resources | ||||
| Resources Expended | ||||
| Charitable activities in furtherance of objectives | ||||
| Charitable Activities | 3 | 52,882 | 52,882 | 52311 |
| Other | 4 | 1,366 | 1,366 | 5964 |
| ______ | ||||
| Total Resources | 54,248 | 54,248 | 58275 | |
| Expended | ______ | |||
| Net movement in funds | 8,839 | 8,839 | 9970 | |
| Reconciliation of Funds | ||||
| Total Funds brought forward | 104496 | 104496 | 94526 | |
| Total Funds carried forward | 113,335 | 113,335 | 104496 |
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.
COMMUNITY BAPTIST LONDON Balance Sheet as at 30th December 2020
| Note 2020 Fixed Assets £ Tangible fixed assets 2 6902 _ 6902 _ Current Assets Cash at bank and 92511 in hand Debtors & prepayment 6 14402 106913 Creditors:amounts falling due within one year Creditors & accruals 5 480 _ Net Current Assets 106433 _ Net Assets 113335 Unrestricted Funds General Fund 113335 TOTAL FUNDS 113335 |
2019 6716 |
|---|---|
| 6716 | |
| 83847 14413 |
|
| 98260 480 _ 87099 _ 104496 104496 |
|
| 104496 |
Approved by the trustees on 28th October 2021 and signed on their behalf:
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COMMUNITY BAPTIST LONDON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30[th] DECEMBER 2020
1.1 Basis of Accounting
These accounts have been prepared under the historic cost convention with items Recognised at cost or transaction values otherwise stated in the relevant note(s) to These accounts. 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 (FRS102) issued on 16 July 2014.
1.2 Going Concern: The accounts are prepared on a going concern basis.
1.3 The accounts present a true and fair view and no change have been made to the accounting policies adopted.
1.4 No changes to the accounting estimates have occurred in the reporting period
- 1.5 No material prior year error have been identified in the reporting period.
Recognition of Income
These are included in the Statement of Financial Activities (SOFA) when:
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The charity becomes entitled to resources;
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It is more likely than not that the trustees will receive the resources;
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The monetary value can be measured with sufficient reliability.
Grants and Donations
Grants and Donations are only included in the SOFA when the general income recognition criteria are met (5.10 to 512 FRS102 SORP)
.
Tax reclaim on donations and gifts
Gift Aid receivable is included in the income when there is a valid declaration from the donor. Any gift aid amount recovered on a donation is considered to be part of that gift and is treated in addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
EXPENDITURE AND LIABILITIES
Liability Recognition
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
Grants and Support Costs
Support costs have been allocated between the governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
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COMMUNITY BAPTIST LONDON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30[TH] DECEMBER 2020
Creditors
The charity has creditors which are measured at settlement amounts less any trade discounts.
ASSETS
Tangible Fixed Assets for use by the charity
They are capitalised if they can be used for more than one year. They are valued at cost. The depreciation is calculated at 20% reducing balance method.
Debtors
Debtors are measured on initial recognition at settlement amount. Subsequently they are measured at cash.
.
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COMMUNITY BAPTIST LONDON
Notes to the accounts for year ended 30th December 2020
2 Tangible Fixed Assets
Fix & Fitts Instrument Vehicle Equipment Total 2020
Cost £ £ £ £ £
At 01/01/2020 412 2657 7175 12572 22816
Additions 0 0 0 1909 1909
At 30/12/2020 412 2657 7175 14481 24725
Depreciation
At 01/01/2020 148 1757 5629 8566 16100
charge for the year 52 180 309 1182 1723
At 30/12/2020 200 1937 5938 9748 17823
Net Book Value
30/12/2020 212 720 1237 4733 6902
01/01/2020 264 900 1546 4006 6716
3 Cost of Activities in furtherance of Charity's Objectives
£/2020 £/2019
Admin 72 0
Travel & Substitence 2708 1570
Hire of Hall 5200 5200
Telephone & Internet 1509 959
Bank Charges 32 0
Wages 30065 30065
Rates 1685 1650
Hospitality 3969 2460
Light & Heat 348 800
Stationary 17 339
Hotel costs 270 372
Pension 1832 1782
Repairs and renewals 106 502
Advert 29 0
Transport costs 0 1972
Tax/NI 462 554
Insurance 366 691
Sundry 0 0
Depreciation 1723 1679
Music accessories 2337 1112
Subscription 152 212
Ministry events 0 392
Total 52882 52311
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COMMUNITY BAPTIST LONDON Notes to the accounts for year ended 30th December 2020
| **4 ** | Other | ||
|---|---|---|---|
| 2020/£ | 2019/£ | ||
| Church Events | 0 | 1381 | |
| Charity donation | 0 | 100 | |
| Mission donation | 458 | 2400 | |
| Accounting services | 624 | 768 | |
| Vehicle expenses | 284 | 1315 | |
| Total | 1366 | 5964 |
There was 2 employee during the financial year. No employee earned more than £15,000 during the year.
| 2020/£ | 2019/£ | |
|---|---|---|
| Salary | 30065 | 30065 |
| Social Security | 462 | 554 |
| Total | 30527 | 30619 |
5 Creditors: amounts falling due within one year
| 2020/£ | 2019/£ | ||
|---|---|---|---|
| Accounting Services | 480 | 480 | |
| Creditors | 0 | 0 | |
| Total | 480 | 480 | |
| **6 ** | Debtors and Prepayments | 2020/£ | 2019/£ |
| Tax recoverable | 14402 | 14413 |
Trustee remuneration
The trustee Israel Cruz was paid £13200 for services rendered to the organisaton as pastor of the church througha PAYE scheme.
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