2021-12-31-accounts - Alpha International Ministries

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ALPHA INTERNATIONAL MINISTRIES

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST] DECEMBER 2021

CHARITY NUMBER: 1126140

ALPHA INTERNATIONAL MINISTRIES

LEGAL & ADMINISTRATIVE DETAILS YEAR ENDED 31[ST] DECEMBER 2021

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, Thomas Kavil 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

ALPHA INTERNATIONAL MINISTRIES

TRUSTEES’ REPORT YEAR ENDED 31[ST] DECEMBER 2021

The trustees are pleased to present their report for the year ended 31[ST] December 2021 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.

FINANCIAL REVIEW

The income of the charity is above £300,000. 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 6[th] May 2022 and signed on their behalf by:

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 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 PMDip FRESH FIRE ORGANISATION Generator Business Centre 95 Miles Road Mitcham Surrey CR4 3FH

ALPHA INTERNATIONAL MINISTRIES

Statement of Financial Activities for the year ended 31st December 2021

Unrestricted Total Funds Funds 2021 2020 Incoming ResourcesNote £ £ from generated funds Donations and Legacies 2 231307 231307 166352 Investment income 3 0 0 2 _ ______ ___ 231307 231307 166354 Other Income_ Other 73559 73559 ______ _ Total Incoming 304866 304866 166354 Resources _____ _ Resources Expended Charitable activities in furtherance of objectives Cost of Activities 5 190,193 190,193 165597 Other 6 2,200 2,200 1000 _____ Total Resources 192,393 192,393 166597 Expended _________ Net movement in funds 112,473 112,473 -243 Reconciliation of Funds Total Funds brought forward 648657 648657 648900 Total Funds carried forward 761,130 761,130 648657	Unrestricted Total Funds Funds 2021 2020 £ £ 231307 231307 166352 0 0 2	Unrestricted Total Funds Funds 2021 2020 £ £ 231307 231307 166352 0 0 2
	___ ______ 231307 231307 73559 73559	___ 166354
	_________ 304866 304866	___ 166354
		_ 165597 1000 _ 166597
	_________ 112,473 112,473 648657 648657 761,130 761,130	___ -243 648900 648657

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.

ALPHA INTERNATIONAL MINISTRIES Balance Sheet as at 31st December 2021

Note 2021 Fixed Assets £ Tangible fixed assets 4 1147673 _ 1147673 _ Current Assets Cash at bank and 108554 in hand Debtors & prepayment 8 47786 156340 Creditors:amounts falling due within one year Creditors & accruals 9 4430 _ Net Current Assets 151910 Creditors: amounts falling due after one year 10 538453 Net Assets 761130 Unrestricted Funds General Fund 761130 _ TOTAL FUNDS 761130 ___	2020 1146798
	___ 1146798
	___ 73885 47533
	121418 2920
	___ 118498 616639
	648657
	648657 _ 648657 _

Approved by the trustees on 6th May 2022 and signed on their behalf by :

The notes on these accounts form part of these accounts

ALPHA INTERNATIONAL MINISTRIES NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] DECEMBER 2021

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.

ALPHA INTERNATIONAL MINISTRIES NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] 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.


		ALPHA INTERNATIONAL MINISTRIES
	Notes to the accounts for year ended 31st December 2021

2	Voluntary Income

			Unrestricted		Total funds
			Funds		2021	2020
	Churchcollections		£		£	£
	LPCTithes		145510		145510	110911
	Fundraising		2744		2744	2080
	LPC Offerings		15804		15804	14603
	Specialevent		42655		42655	3588
	Otherdonations		7324		7324	850
	Gifts		9650		9650	10725
	Indiaministry		0		0	10840
	Building		600		600	3800
	InterOrganisation		220		220	0
	Covidrelief		0		0	955
	Rental		6800		6800	8000
	Total		231307		231307	166352
			______


3	Investment income
			Unrestricted		Total funds
			Funds £		2021/£	2020/£
	Bank Interest		0		0	2







4	Tangible Fixed Assets			Land &	Fixt&Fitt	Equipment	Total 2021
				Building
	Cost			£	£	£	£
	At 01/01/2021			1120000	1784	40214	1161998
	Additions				4930	2566	7496
	Disposal						0
	At 31/12/2021			1120000	6714	42780	1169494
	Depreciation
	At 01/01/2021				979	14221	15200
	Disposal						0
	charge for theyear				1423	5198	6621
	At 31/12/2021			0	2402	19419	21821

	Net Book Value at 31/12/2021			1120000	763	23361	1147673
	NetBook Value at 01/01/2021			1120000	954	25993	1146798

			9

ALPHA INTERNATIONAL MINISTRIES Notes to the accounts for year ended 31st December 2021

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
		2021/£	2020/£
	Mortgage Interest	20154	22173
	Speakers expenses	4800	8650
	Admin expenses	927	519
	Cleaning expenses	1532	0
	Stationary	1177	909
	Consummables	1555	489
	Light & Heat	1546	3813
	Outreach costs	20155	6300
	Salary	24000	24000
	Telephone	780	758
	Pension	2162	2748
	Mission	46233	18530
	Gifts to charities	4400	14900
	Professional fees	948	1187
	Refreshments	7826	1780
	PAYE & NI	6600	5787
	Music services	3600	3900
	Depreciation	6621	5703
	Charity work expense	2765	3100
	Rates	1	144
	Church expenses	385	1000
	Car Park rent	0	595
	Sunday school harlow	0	376
	Covid support	100	2555
	Other rent paid	3337	378
	Equipment expensed	0	379
	Building renovation	0	31296
	Repairs & Maintenance	27254	2305
	Insurance	1335	1323
	Total	190193	165597
6	Other		2021	2020
			£	£
	Accounting services		0	0
	Benevolence giving		2200	1000
			______
	Total		2200	8826
7	Staff Costs		2021/£	2020/£
	Salaries		24000	24000
	Tax/National	insurance	6600	5787
	Total		30600	29787

No employee earned more than £30,000 p.a. There was 1 employee during the year.

ALPHA INTERNATIONAL MINISTRIES

Notes to the accounts for year ended 31st December 2021

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	2021/£ 2020/£ 47133 47131 400 400 253
	47786 47531
	2021/£ 2020/£ 4430 2920 2021/£ 2020/£ 538453 616639

Trustee Remuneration and Connected Parties

Trustee Sam John received payment of £24000 for services rendered as pastor of the church