REGISTERED CHARITY NUMBER: 1126159
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 MAY 2021-2022
FOR
JESUS TOWER OF HOPE MINISTRIES
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021-2022
| Page | Page | |
|---|---|---|
| Report of the Trustees | 1 | |
| Independent Examiner's Report | 2 | |
| Statement of Financial Activities | 3 | |
| Balance Sheet | 4 | |
| Notes to the Financial Statements | 5 | - 6 |
| Detailed Statement of Financial Activities | 7 |
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2021-2022
The trustees present their report with the financial statements of the charity for the year ended 31 May 2021-2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number 1126159
Principal address
25 CAMBRIDGE ROAD SOUTHALL Middlesex UB1 3EY
Trustees MRS P SOHANTA MRS R GILL MR P SINGH
Independent Examiner a Accountant on Duty Ltd G38 The Triangle Centre Uxbridge Road Southall Middlesex UB1 3EJ
Approved by order of the board of trustees on 31[st] January 2023 and signed on its behalf by:
MRS P SOHANTA - Trustee
JESUS TOWER OF HOPE MINISTRIES
Independent examiner's report to the trustees of JESUS TOWER OF HOPE MINISTRIES
I report to the charity trustees on my examination of the accounts of JESUS TOWER OF HOPE MINISTRIES (the Trust) for the year ended 31 May 2021-2022.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Bryan Pereira FCCA Accountant on Duty Ltd G38 The Triangle Centre Southall Middlesex UB1 3EJ
Date: 16/06/2023
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2021-2022.
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2021-2022.
| NOTES | 2022 | 2021 | |
|---|---|---|---|
| TOTAL | UNRESTRICTED | ||
| FUNDS | FUND | ||
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 59,410.06 | 61128.95 | |
| Other trading activities | __ | 8182.20 | |
| Total | 59,410.06 | 69,311.15 | |
| EXPENDITURE ON | |||
| Raising funds | 40,286.84 | 38,843.37 | |
| NET INCOME/(EXPENDITURE) | 19123.22 | 30,467.78 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 103876.78 | 103,876.78 | |
| TOTAL FUNDS CARRIED FORWARD | 123000.00 |
BALANCE SHEET 31 MAY 2021-2022
| NOTES FIXED ASSETS Tangible assets CURRENT ASSETS Debtors Cash at bank and in hand CREDITORS Amounts falling due within one year NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds TOTAL FUNDS |
2022 2021 Unrestricted Unrestricted Fund Funds 522 522 321 3,731 128048 101,664 |
|---|---|
| 128891 105,395 843 1,482 |
|
| 128,048 103,877 | |
| 128,048 103,877 128,048 103,877 |
|
| 128,048 103,877 |
|
| 123,048 103,877 |
The Financial Statements were approved by the Board of Trustees and authorised for issue on 30th April 2022 and were signed on its behalf by:
Mrs P Sohanta - Trustee
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021-2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost Motor vehicles - 18% on cost
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Notes to Financial statements
2. OTHER TRADING ACTIVITIES
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Bank interest receivable | 0 | 0 |
| 3. RAISING FUNDS | ||
| Raising donations and legacies | 2022 | 2021 |
| Prayer meetngs etc | ||
| Support cost | 59410.06 | 38,843 |
| 59410.06 | 38,843.37 | |
| 4. TRUSTEE'S REMUNERATION AND BENEFITS | ||
| 2022 | 2021 | |
| Trustees' Salaries | 21,480.00 | 19,093 |
| Trustees' Pension Paid | 1,321.23 |
1,048.82 |
| 23,801.23 | 20,142 | |
| 5.STAFF COSTS | 2022 |
2021 |
| Average no of employees during the year | ||
| Number of Employees | 1 | 1 |
| Detailed Statement of Financial Actvites for the year ended 31-May-22 INCOME AND ENDOWMENTS Donatons and legacies Donatons received Grants Other trading actvites Bank interest receivable Total incoming resources EXPENDITURE Raising donatons and legacies Prayer meetngs etc Support costs Management Trustees' salaries Trustees' pensions paid FINANCE Employee Payee Tax & NI Rent and Rates Insurance Telephone Postage And Statonery Sundries Hostng fees and IT Consumables Motor expenses and travel Equipment and maintenance Accountancy fee Subscriptons Subsistence Bank charges Donatons Net income/(expenditure) |
2022 2021 £ £ 59,410.06 61,128 8,182 |
|---|---|
| 59,410.06 69,311 |
|
| 59,410.06 69,311 21,480 19,093 1,321.23 1,048 36,608.83 49,170 2022 2021 2640.22 5191.15 9108 357.49 104.64 231.66 1,738 892.67 280 2665 2,505 1452.76 379 245.79 573 300 200 390 360 760 400 2533.04 2313 41.17 1,570 1,100 |
|
| 19270.95 19061 |
|
| 42072.18 38843 |
|
| 19123.22 30467 |
INCOME AND ENDOWMENTS