COMMUNITY BAPTIST LONDON
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30[TH] DECEMBER 2021
CHARITY NUMBER: 1124514
COMMUNITY BAPTIST LONDON 104 BARLBY ROAD LONDON W10 6DB
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
1
COMMUNITY BAPTIST LONDON
LEGAL & ADMINISTRATIVE DETAILS YEAR ENDED 30[TH ] DECEMBER 2021
ADDRESS FOR CORRESPONDENCE
104 BARLBY ROAD LONDON W10 6DB
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
1
COMMUNITY BAPTIST LONDON
TRUSTEES’ REPORT YEAR ENDED 30[TH] DECEMBER 2021
The trustees are pleased to present their report for the year ended 30[th] December 2021 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 : 104 Barlby 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 has returned to ip person services at a new place of worship. The charity also continues to run work place pension for its employees in the financial year.
2
FINANCIAL REVIEW
The income of the charity is above £51,000. This is a lower 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:
-
Select suitable accounting policies and apply them consistently.
-
Make judgements and estimates that are reasonable and prudent.
-
State whether the applicable accounting standards have been followed.
-
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 13[th] October 2022 and signed on their behalf by:
3
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 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 :
-
Examine the accounts under section 145 of the 2011 Act.
-
Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 145(5)(b) of the 2011 Act.
-
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;
-
(1) which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that:
-
proper accounting records are kept( in accordance with section 130 of the 2011 Act
-
accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 2011 Act: or
-
(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
4
COMMUNITY BAPTIST LONDON
Statement of Financial Activities for the year ended 30th December 2021
| Unrestricted | Total Funds | |||
|---|---|---|---|---|
| Funds | 2021 | 2020 | ||
| Incoming Resources from | Note | £ | £ | |
| generated funds | ||||
| Donations and Legacies | 51346 | 51346 | 63087 | |
| Investment income | 0 | 0 | 0 | |
| 51346 | 51346 | 63087 | ||
| Other Income | ||||
| Other | 0 | 0 | 0 | |
| Total Incoming | 51346 | 51346 | 63087 | |
| Resources | ||||
| Resources Expended | ||||
| Charitable activities in furtherance of objectives | ||||
| Charitable Activities | 3 | 58,150 | 58,150 | 52882 |
| Other | 4 | 1,091 | 1,091 | 1366 |
| ______ | ||||
| Total Resources | 59,241 | 59,241 | 54248 | |
| Expended | ______ | |||
| Net movement in funds | -7,895 | -7,895 | 8839 | |
| Reconciliation of Funds | ||||
| Total Funds brought forward | 113335 | 113335 | 104496 | |
| Total Funds carried forward | 105,440 | 105,440 | 113335 |
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 2021
| Note 2021 Fixed Assets £ Tangible fixed assets 2 23012 _ 23012 _ Current Assets Cash at bank and 68516 in hand Debtors & prepayment 6 14402 82918 Creditors:amounts falling due within one year Creditors & accruals 5 490 _ Net Current Assets 82428 _ Net Assets 105440 Unrestricted Funds General Fund 105440 TOTAL FUNDS 105440 |
2020 6902 |
|---|---|
| 6902 | |
| 92511 14402 |
|
| 106913 480 _ 106433 _ 113335 113335 |
|
| 113335 |
Approved by the trustees on 13th October 2022 and signed on their behalf:
6
COMMUNITY BAPTIST LONDON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30[th] DECEMBER 2021
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:
-
The charity becomes entitled to resources;
-
It is more likely than not that the trustees will receive the resources;
-
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.
7
COMMUNITY BAPTIST LONDON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30[TH] DECEMBER 2021
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.
.
8
----- Start of picture text -----
COMMUNITY BAPTIST LONDON
Notes to the accounts for year ended 30th December 2021
2 Tangible Fixed Assets
Fix & Fitts Instrument Vehicle Equipment Total 2021
Cost £ £ £ £ £
At 01/01/2021 412 2657 7175 14481 24725
Additions 4874 0 16597 1402 22873
Disposal -7175 -7175
At 30/12/2021 5286 2657 16597 15883 40423
Depreciation
At 01/01/2021 200 1937 5938 9748 17823
charge for the year 1016 144 3139 1227 5526
Disposal -5938 -5938
At 30/12/2021 1216 2081 3139 10975 17411
Net Book Value
30/12/2021 4070 576 13458 4908 23012
01/01/2021 212 720 1237 4733 6902
3 Cost of Activities in furtherance of Charity's Objectives
£/2021 £/2020
Admin 0 72
Travel & Substitence 2571 2708
Hire of Hall 3000 5200
Telephone & Internet 999 1509
Bank Charges 0 32
Wages 33126 30065
Rates 2123 1685
Hospitality 2548 3969
Light & Heat 500 348
Stationary 83 17
Hotel costs 0 270
Pension 1857 1832
Repairs and renewals 546 106
Advert 0 29
Event costs 1372 0
Tax/NI 752 462
Insurance 596 366
Sundry 0 0
Depreciation 5526 1723
Music accessories 2208 2337
Subscription 343 150
Ministry events 0 0
Total 58150 52880
----- End of picture text -----
9
COMMUNITY BAPTIST LONDON Notes to the accounts for year ended 30th December 2021
| **4 ** | Other | ||
|---|---|---|---|
| 2021/£ | 2020/£ | ||
| Church Events | 0 | 0 | |
| Charity donation | 168 | 0 | |
| Mission donation | 0 | 458 | |
| Accounting services | 778 | 624 | |
| Vehicle expenses | 145 | 284 | |
| Total | 1091 | 1366 |
There was 2 employee during the financial year. No employee earned more than £15,000 during the year.
| 2021/£ | 2020/£ | |
|---|---|---|
| Salary | 32326 | 30065 |
| Social Security | 752 | 554 |
| Total | 33078 | 30619 |
5 Creditors: amounts falling due within one year
| 2021/£ | 2020/£ | ||
|---|---|---|---|
| Accounting Services | 490 | 480 | |
| Creditors | 0 | 0 | |
| Total | 490 | 480 | |
| **6 ** | Debtors and Prepayments | 2021/£ | 2020/£ |
| Tax recoverable | 14402 | 14402 |
Trustee remuneration
The trustee Israel Cruz was paid £13200 for services rendered to the organisaton as pastor of the church througha PAYE scheme.
10