ALPHA INTERNATIONAL MINISTRIES
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31[ST] DECEMBER 2020
CHARITY NUMBER: 1126140
ALPHA INTERNATIONAL MINISTRIES
LEGAL & ADMINISTRATIVE DETAILS YEAR ENDED 31[ST] DECEMBER 2020
ADDRESS FOR CORRESPONDENCE
OASIS CENTRE ESSEX ROAD CHADWELL HEATH RM6 4JA
REGISTERED CHARITY NUMBER
1126140
GOVERNING DOCUMENT
DECLARATION OF TRUST 10[TH] JUNE 2008.
TRUSTEES/ DIRECTORS
Pastor Sam John, Sajit Abraham, Johnson Samuel Sebi Scaria, Karumamkottu Thomas Tiny Joy, Sajan Varughese, Minimol Kurien
PRINCIPAL BANKERS
HSBC BANK 23 RIPPLE ROAD BARKING, ESSEX IG11 7NW
INDEPENDENT EXAMINERS
FRESH FIRE ORGANISATION GENERATOR BUSINESS CENTRE 95 MILES ROAD MITCHAM CR4 3FH
ALPHA INTERNATIONAL MINISTRIES OASIS CENTRE ESSEX ROAD CHADWELL HEATH RM6 4JA INDEX Page Index 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 - 11
1
ALPHA INTERNATIONAL MINISTRIES
TRUSTEES’ REPORT YEAR ENDED 31[ST] DECEMBER 2020
The trustees are pleased to present their report for the year ended 31[ST] December 2020 for the charity, Alpha International Ministries with Charity Number 1126140.
The Trustees of the charity are: Pastor Sam John, Sajit Abraham, Johnson Samuel, Sebi Scaria, KT Thomas, Tiny Joy, Sajan Varughese, Minimol Kurien.
The principal address of the charity is : Oasis Centre Essex Road Chadwell Heath, RM6 4JA
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity governing document is a declaration of trust that was executed 10[TH] June 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 of the public 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 and doctrines of the Christian faith. The church continued to support charitable mission work in India this year among Punjab Kirpa Bhavan, Indian Pentecostal church of God, and other missionary organisations. The organisation also ran and sponsored its own church conference and vacation bible school during the year which was a good success as many were encouraged and built up through them. The church has also continues to manage its activities in its new premises which is owned by its associate company.
2
FINANCIAL REVIEW
The income of the charity is above £166,000. 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 main cost of the organisation was paying for the rent of its building that it uses for worship services and doing renovation work on the property.
FUTURE DEVELOPMENTS
The church intends to continue to host its regular yearly conferences and vacation bible school in UK. They plan to continue to support the missionary work in India as well. 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 2011the 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 20[th] May 2021 and signed on their behalf by:
3
Independent Examiner’s Report To the Trustees ALPHA INERNATIONAL MINISTRIES
I report on the accounts of the church for the year ended 31[st] 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 :
-
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 PMDip FRESH FIRE ORGANISATION Generator Business Centre 95 Miles Road Mitcham Surrey CR4 3FH
4
ALPHA INTERNATIONAL MINISTRIES
Statement of Financial Activities for the year ended 31st December 2020
| Unrestricted Total Funds Funds 2020 2019 Incoming ResourcesNote £ £ from generated funds Donations and Legacies 2 166352 166352 177346 Investment income 3 2 2 0 _ ______ ___ 166354 166354 177346 Other Income_ Other 31464 ______ _ Total Incoming 166354 166354 208810 Resources _____ _ Resources Expended Charitable activities in furtherance of objectives Cost of Activities 5 165,597 165,597 141096 Other 6 1,000 1,000 8826 _____ Total Resources 166,597 166,597 149922 Expended _________ Net movement in funds -243 -243 58888 Reconciliation of Funds Total Funds brought forward 648900 648900 590012 Total Funds carried forward 648,657 648,657 648900 |
Unrestricted Total Funds Funds 2020 2019 £ £ 166352 166352 177346 2 2 0 |
Unrestricted Total Funds Funds 2020 2019 £ £ 166352 166352 177346 2 2 0 |
|---|---|---|
| ___ ______ 166354 166354 |
___ 177346 31464 |
|
| _________ 166354 166354 |
___ 208810 |
|
| _ 141096 8826 _ 149922 |
||
| _________ -243 -243 648900 648900 648,657 648,657 |
___ 58888 590012 648900 |
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.
5
ALPHA INTERNATIONAL MINISTRIES Balance Sheet as at 31st December 2020
| Note 2020 Fixed Assets £ Tangible fixed assets 4 1146798 _ 1146798 _ Current Assets Cash at bank and 73885 in hand Debtors & prepayment 8 47533 121418 Creditors:amounts falling due within one year Creditors & accruals 9 2920 _ Net Current Assets 118498 Creditors: amounts falling due after one year 10 616639 Net Assets 648657 Unrestricted Funds General Fund 648657 _ TOTAL FUNDS 648657 ___ |
2019 1144881 |
|---|---|
| ___ 1144881 |
|
| ___ 76448 73051 |
|
| 149499 2044 |
|
| ___ 147455 643436 |
|
| 648900 | |
| 648900 _ 648900 _ |
Approved by the trustees on 20th May 2021 and signed on their behalf by :
The notes on these accounts form part of these accounts
6
ALPHA INTERNATIONAL MINISTRIES NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] DECEMBER 2020
1) Accounting Policies 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.
- 1.1 Going Concern: The accounts are prepared on a going concern basis.
1.2 The accounts present a true and fair view and no change have been made to the accounting policies adopted.
1.3 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
ALPHA INTERNATIONAL MINISTRIES NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] 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.
.
8
ALPHA INTERNATIONAL MINISTRIES
Notes to the accounts for year ended 31st December 2020
2 Voluntary Income
| Church collections LPC Tithes Fund raising LPC Offerings Special event Other donations Gifts India ministry Building Inter Organisation Covid relief Rental Total |
Unrestricted Total funds Funds 2020 2019 £ £ £ 110911 110911 88578 2080 2080 20465 14603 14603 23497 3588 3588 12958 850 850 773 10725 10725 10075 10840 10840 3400 3800 3800 3150 0 0 1250 955 955 8000 8000 13200 |
|---|---|
| 166352 166352 177346 ______ |
3 Investment income
| Unrestricted | Total funds | |||
|---|---|---|---|---|
| Funds £ | 2020/£ | 2019/£ | ||
| Bank Interest | 2 | 2 | 1 |
4 Tangible Fixed Assets
| Tangible Fixed Assets Cost At 01/01/2020 Additions Disposal At 31/12/2020 Depreciation At 01/01/2020 Disposal charge for the year At 31/12/2020 Net Book Value at 31/12/2020 Net Book Value at 01/01/2020 |
Land & Fixt& Fitt Equipment Total 2020 Building £ £ £ £ 1120000 1469 36062 1157531 650 6402 7052 -335 -2250 -2585 |
|---|---|
| 1120000 1784 40214 1161998 706 11944 12650 -196 -2957 -3153 469 5234 5703 |
|
| 0 979 14221 15200 1120000 763 25993 1146798 |
|
| 1120000 954 24118 1144881 |
9
ALPHA INTERNATIONAL MINISTRIES Notes to the accounts for year ended 31st December 2020
| **5 ** | Cost of Activities in furtherance of Charity's | Cost of Activities in furtherance of Charity's | Cost of Activities in furtherance of Charity's | Objectives |
|---|---|---|---|---|
| 2020/£ | 2019/£ | |||
| Mortgage Interest | 22173 | 26272 | ||
| Speakers expenses | 8650 | 10075 | ||
| Admin expenses | 519 | 560 | ||
| Church programs | 0 | 15472 | ||
| Stationary | 909 | 1386 | ||
| Consummables | 489 | 3439 | ||
| Light & Heat | 3813 | 2485 | ||
| Outreach costs | 6300 | 6155 | ||
| Salary | 24000 | 12870 | ||
| Telephone | 758 | 618 | ||
| Pension | 2748 | 696 | ||
| Mission | 18530 | 18780 | ||
| Gifts to charities | 14900 | 1200 | ||
| Professional fees | 1187 | 1748 | ||
| Refreshments | 1780 | 6772 | ||
| PAYE & NI | 5787 | 1314 | ||
| Music services | 3900 | 3600 | ||
| Depreciation | 5703 | 194 | ||
| Charity work expense | 3100 | 5575 | ||
| Rates | 144 | 0 | ||
| Church expenses | 1000 | 5876 | ||
| Car Park rent | 595 | 1575 | ||
| Sunday school harlow | 376 | 894 | ||
| Covid support | 2555 | 0 | ||
| Other rent paid | 378 | 431 | ||
| Equipment expensed | 379 | 0 | ||
| Building renovation | 31296 | 0 | ||
| Repairs & Maintenance | 2305 | 11857 | ||
| Insurance | 1323 | 1255 | ||
| Total | 165597 | 141099 | ||
| **6 ** | Other | 2020 | 2019 | |
| £ | £ | |||
| Accounting services | 0 | 0 | ||
| Benevolence giving | 1000 | 8826 | ||
| ______ | ||||
| Total | 1000 | 8826 | ||
| **7 ** | Staff Costs | 2020/£ | 2019/£ | |
| Salaries | 24000 | 12870 | ||
| Tax/National | insurance | 5787 | 1314 | |
| Total | 29787 | 14184 |
No employee earned more than £30,000 p.a. There was 1 employee during the year.
10
ALPHA INTERNATIONAL MINISTRIES Notes to the accounts for year ended 31st December 2020
| 8 Debtors and Prepayments Tax recoverable Loans & Advances Pledges Total 9 Creditors : amounts falling due within 1 year Creditors 10 Creditors : amounts falling due after 1 year Mortgage Principal |
2020/£ 2019/£ 47133 47131 400 25420 500 |
|---|---|
| 47533 73051 |
|
| 2020/£ 2019/£ 2920 2044 2020/£ 2019/£ 616639 643436 |
11