2021-04-30-accounts - Jesus Christ Foundation Ministries International

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JESUS CHRIST FOUNDATION MINISTRIES INTERNATIONAL

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30[TH] APRIL 2021

COMPANY NUMBER: 06219783

CHARITY NUMBER: 1127249

JESUS CHRIST FOUNDATION MINISTRIES INTERNATIONAL UNIT 9 J 13 ELEY ROAD EDMONTON LONDON N18 3BB 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 - 9

JESUS CHRIST FOUNDATION MINISTRIES INTERNATIONAL

TRUSTEES’ REPORT YEAR ENDED 30[TH] APRIL 2021

The trustees are pleased to present their report for the year ended 30[th] April 2021 for the charity, Jesus Christ Foundation Ministries International with charity number 1127249.

The Trustees of the charity are: Rev Paul Brefo Michael Nii Bruce Mary Afrifa

The principal address of the charity is : Unit 9J 13 Eley Road London N18 3BB

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Charity governing document is a Memorandum and Articles of Association that was incorporated 19[TH] April 2007.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 Christian worship 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.

FINANCIAL REVIEW

The income of the charity is above £30,700. 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 organisation used a large portion of its resources in supporting its branch churches in the Philippines during the financial year.

FUTURE PLANS

The church plans to continue its outreach in the community through its worship services and regular conferences. It also plans to continue planting churches in the Philippines through it mission outreaches.

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 10[th] January 2021 and signed on their behalf by:

Independent Examiner’s Report To the Trustees JESUS CHRIST FOUNDATION MINISTRIES INTERNATIONAL

I report on the accounts of the church for the year ended 30[th ] April 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

JESUS CHRIST FOUNDATION MINISTRIES INTERNATIONAL

Statement of Financial Activities for the year ended 30th April 2021

Unrestricted Total Funds Funds 2021 2020 £ £ £ 30749 30749 30677 0 0 0	Unrestricted Total Funds Funds 2021 2020 £ £ £ 30749 30749 30677 0 0 0	Unrestricted Total Funds Funds 2021 2020 £ £ £ 30749 30749 30677 0 0 0
___ 30749 0	___ ___ 30749 0	___ 30677 3550
___ 30749	______ 30749	___ 34227
	______ 29,460 0	___ 33975 0
__ 29,460	______ 29,460	___ 33975
___ 1,289 -104 1,185	______ 1,289 -104 1,185	___ 252 -356 -104

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.

JESUS CHRIST FOUNDATION MINISTRIES INTERNATIONAL Balance Sheet as at 30th April 2021

Note 2021 Fixed Assets £ Tangible fixed assets 5 349 _ 349 _ Current Assets Cash at bank and 16395 in hand Debtors & prepayments 0 16395 Creditors:amounts falling due within one year Creditors & accruals 8 559 _ Net Current Assets 15836 _ Creditors:amounts falling due after one year 15000 Net Assets 1185 Unrestricted Funds 1185 _ TOTAL FUNDS 1185 _	2020 £ 435 __
	435 ___
	3575 0
	3575 4114 _ -539 _ -104 -104 _ -104 _

For the year ended 30th April 2021 Jesus Christ Foundation Ministries International was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies's regime.

Rev Paul Kwasi Brefo

JESUS CHRIST FOUNDATION MINISTRIES INTERNATIONAL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30[TH] APRIL 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.

JESUS CHRIST FOUNDATION MINISTRIES INTERNATIONAL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30[th] APRIL 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.

JESUS CHRIST FOUNDATION MINISTRIES INTERNATIONAL Notes to the accounts for year ended 30th April 2021

2 Voluntary Income

Church collections Tithes Offerings Fund raising Thanksgiving Total	Unrestricted Total fundsTotal funds Funds 2021 2020 £ £ £ 15321 15321 14984 6611 6611 15693 8817 8817 0 0 0 0
	_____ 30749 30749 30677 _____

3 Investment income

		Unrestricted	Unrestricted	Total fundsTotal funds	Total fundsTotal funds
		Funds £		2021/£	2020/£
	Bank Interest		0	0	0
4	Other		amount £/2021		Amount £/2020
	Missions to Africa			0	0	Supporting missions
	Grants to individuals<£1000			0	0	Charitable giving
			_________
	Total			0	0
			_________
5	Tangible Fixed Assets		Instrument		Equipment	Total	2021
	Cost		£		£	£
	At 01/05/2020			1060	403		1463
	Additions			0	0		0
			______
	At 30/04/2021			1060	403		1463
	Depreciation
	At 01/05/2020			689	339		1028
	charge for the year			74	12		86
			______
	At 30/04/2021			763	351		1114
	Net Book Value at	30/04/2021		297	52		349
	Net Book Value at 01/05/2020			371	64		435

JESUS CHRIST FOUNDATION MINISTRIES INTERNATIONAL Notes to the accounts for year ended 30th April 2021

Cost of Activities in	furtherance of Charity's Objectives	furtherance of Charity's Objectives
	2021/£	2020/£
Rent of building	20340	21000
Rent of office	0	4440
Light & Heat	0	0
Travel costs/fuel	400	0
Church events	0	0
Refreshments	81	0
Stationary	0	0
Depreciation	86	108
Telephone & Internet	311	528
Subscriptions	200	320
Admin	0	0
Pension	702	702
Charity Donation	120	0
Insurance	540	517
Repars & Renewals	0	0
Salary	6000	6000
Professional fees	380	360
Admin services	300	0
Music Services	0	0
Total	29460	33975

Trustee Remuneration

The trustee Rev Paul Brefo was paid £6000 for providing pastoral services to the charity.

There was 1 employee during the financial year and the organisation ran a PAYE scheme.

Pay Salary Tax/Ni Total	2021/£ 2020/£ 6000 6000 0 0
	6000 6000

8 Creditors: amounts falling due within one year Creditors 9 Debtors and Prepayments 10 Creditors: amounts falling due after one year Bounce back loan	2021/£ 2020/£
	559 4114
	2021/£ 2020/£
	0 0
	15000