2024-03-31-accounts

RECEIPTS AND PAYMENTS ACCOUNTS

Charity Name: Crossroads Of Life Ministries (COLIM) Charity No: 1125352

FOR THE PERIOD

Start Date – 1 April 2023

To

End Date - 31 March 2024

A1 – A2 Receipts For The Year Ended 31 March 2024

	Unrestricted Funds	Restricted Funds	Endowment Funds	Total Funds	Last Year
A1: Receipts
Tithes and offerings	53,197.58	-	-	53,197.58	42,410.72
Other	1,429.64	-	-	1,429.64	0.56
Sub-total	54,627.22	-	-	54,627.22	42,411.28
A2: Assets and investment sales	-	-	-	-	-
Total receipts	54,627.22	-	-	54,627.22	42,411.28

A3 – A6 Payments For The Year Ended 31 March 2024

	Unrestricted Funds	Restricted Funds	Endowment Funds	Total Funds	Last Year
A3: Payments
Ministers’ allowances and expenses	9,189.70	-	-	9,189.70	8,405.59
Outreach missions	30,424.42	-	-	30,424.42	23,607.47
Member events and support	5,655.39	-	-	5,655.39	6,359.45
General administration	2,184.71	-	-	2,184.71	3,269.14
Donationspaid	2,735.00	-	-	2,735.00	3,213.08
Church equipmentpurchase	65.38	-	-	65.38	2,634.38
Travel and motoring	544.98	-	-	544.98	513.94
Musicians hire	80.00	-	-	80.00	510.00
Other	1,465.83	-	-	1,465.83	610.75
Sub-total	52,345.41	-	-	52,345.41	49,123.80
A4: Investment/ Purchases	-	-	-	-	-
Net of Receipts and Payments	2,281.81	-	-	2,281.81	(6,712.52)
A5: Transfers between funds	-	-	-	-	-
A6: Cash funds lastyear end	1,389.35	-	-	1,389.35	8,101.87
Cash funds thisyear end	3,670.97	-	-	3,670.97	1,389.35

Notes to Receipts and Payments Accounts

For The Year Ended 31[st] March 2024

1. The financial statements have been prepared in accordance with the provisions of the Statement of Recommended Practice Accounting and Reporting by Charities, the Charities Act (2011), and applicable accounting standards.

2. Receipts (A1) are shown in three main categories, namely: tithes and offerings, donations received, and other income.

3. Tithes and offerings (voluntary contribution from members of the church), donations and other income were accounted for when income was received i.e., on a receipts basis.

4. The charity did not engage in the sale of goods or services.

5. There were no revenue or capital grants received during the year.

6. There was no income from deposits received during the year as the charity did not have any investments during the year.

7. Payments (A3) are shown in the following main categories: ministers’ allowances and expenses, outreach missions, member events and support, general administration, donations paid, travel and motoring, musicians hire, rent and rates, premises, and staff welfare. Expenses are recorded on a payments basis.

8. Ministers’ allowances and expenses comprise of ad hoc allowances paid to those carrying out pastoral and preaching duties as well as other expenses incurred in the provision of service to church members. Outreach missions include expenses incurred during missions to preach and reach out to other people around the globe. Donations represent payments for various charitable causes to people around the world and donations to children’s homes.

9. Bank charges have been included in general administration expenses.

10. The charity did not have or receive any restricted funds during the year.

11. There was no net gain on disposal of any assets, insurance claim proceeds or interest from banks/ building societies during the year.

DECLARATION

The Trustees declare that they have approved the Trustees' report above.

Signed on behalf of Trustees

Name: Regina Joseph (nee Benhura) Position: Trustee Date: 17 January 2025 Signature: R. Joseph

Independent Examiner's Report to the Trustees/ Members of Crossroads Of Life Ministries (COLIM)

I report on the accounts for the year ended 31st March 2024 above.

Respective responsibilities of trustees and independent examiner

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

• examine the accounts under section 145 of the Charities Act,

• follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act), and

• state whether particular matters have come to my attention.

Basis of independent examiner's statement

My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the 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 the 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:

1. Which gives me reasonable cause to believe that in, any material respect, the requirements:

2. to keep accounting records in accordance with section 130 of the Charities Act; and

3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or

4. To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Given Chanetsa-Mazarura , FCA

(Institute of Chartered Accountant in England and Wales, Membership Number: 2649792) For and on behalf of

VE Accounting Services Limited - Chartered Accountants 125 Temple Hill, Dartford, DA1 5TU

Date: 17 January 2025