JESUS CHRIST FOUNDATION MINISTRIES INTERNATIONAL
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30[TH] APRIL 2024
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
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JESUS CHRIST FOUNDATION MINISTRIES INTERNATIONAL
TRUSTEES’ REPORT YEAR ENDED 30[TH] APRIL 2024
The trustees are pleased to present their report for the year ended 30[th] April 2024 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.
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FINANCIAL REVIEW
The income of the charity is above £46,700. 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:
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Select suitable accounting policies and apply them consistently.
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Make judgements and estimates that are reasonable and prudent.
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State whether the applicable accounting standards have been followed.
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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] January 2025 and signed on their behalf by:
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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 2024 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 :
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Examine the accounts under section 145 of the 2011 Act.
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Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 145(5)(b) of the 2011 Act.
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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;
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(1) which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that:
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proper accounting records are kept( in accordance with section 130 of the 2011 Act
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accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 2011 Act: or
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(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
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JESUS CHRIST FOUNDATION MINISTRIES INTERNATIONAL
Statement of Financial Activities for the year ended 30th April 2024
| Unrestricted Total Funds Funds 2024 2023 Incoming ResourcesNote £ £ £ from generated funds Donations& Legacies 2 46729 46729 49463 Investment income 3 0 0 0 _ ___ ___ ___ 46729 46729 49463 Other Income_ Other 0 0 0 _________ ______ Total Incoming 46729 46729 49463 Resources _____ _ Resources Expended Charitable activities in furtherance of objectives Charitable Activity 6 38,265 38,265 39577 Other 4 0 0 0 ______ Total Resources 38,265 38,265 39577 Expended ______ Net movement in funds 8,464 8,464 9886 Reconciliation of Funds Total Funds brought forward 11284 11284 1398 Total Funds carried forward 19,748 19,748 11284 |
Unrestricted Total Funds Funds 2024 2023 £ £ £ 46729 46729 49463 0 0 0 |
Unrestricted Total Funds Funds 2024 2023 £ £ £ 46729 46729 49463 0 0 0 |
Unrestricted Total Funds Funds 2024 2023 £ £ £ 46729 46729 49463 0 0 0 |
|---|---|---|---|
| ___ 46729 0 |
___ ___ 46729 0 |
___ 49463 0 |
|
| ___ 46729 |
______ 46729 |
___ 49463 |
|
| ______ 38,265 0 |
___ 39577 0 |
||
| __ 38,265 |
______ 38,265 |
___ 39577 |
|
| ___ 8,464 11284 19,748 |
______ 8,464 11284 19,748 |
___ 9886 1398 11284 |
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.
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JESUS CHRIST FOUNDATION MINISTRIES INTERNATIONAL Balance Sheet as at 30th April 2024
| Note 2024 Fixed Assets £ Tangible fixed assets 5 437 _ 437 _ Current Assets Cash at bank and 26251 in hand Debtors & prepayments 0 26251 Creditors:amounts falling due within one year Creditors & accruals 8 380 _ Net Current Assets 25871 _ Creditors:amounts falling due after one year 6560 Net Assets 19748 Unrestricted Funds 19748 _ TOTAL FUNDS 19748 _ |
2023 £ 546 __ |
|---|---|
| 546 ___ |
|
| 20640 0 |
|
| 20640 380 _ 20260 _ 9522 |
|
| 11284 11284 _ 11284 _ |
For the year ended 30th April 2024 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 2024
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:
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The charity becomes entitled to resources;
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It is more likely than not that the trustees will receive the resources;
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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)
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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.
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JESUS CHRIST FOUNDATION MINISTRIES INTERNATIONAL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30[th] APRIL 2024
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.
.
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JESUS CHRIST FOUNDATION MINISTRIES INTERNATIONAL Notes to the accounts for year ended 30th April 2024
2 Voluntary Income
| Church collections Tithes Offerings Fund raising Giftaid Total |
Unrestricted Total fundsTotal funds Funds 2024 2023 £ £ £ 15172 15172 15275 15460 15460 20896 8595 8595 5756 7502 7502 7536 |
|---|---|
| _____ 46729 46729 49463 _____ |
3 Investment income
| Unrestricted | Unrestricted | Total fundsTotal funds | Total fundsTotal funds | ||||
|---|---|---|---|---|---|---|---|
| Funds £ | 2024/£ | 2023/£ | |||||
| Bank Interest | 0 | 0 | 0 | ||||
| **4 ** | Other | amount £/2024 | Amount £/2023 | ||||
| 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 | 2024 | ||
| Cost | £ | £ | £ | ||||
| At 01/05/2023 | 1562 | 403 | 1965 | ||||
| Additions | 0 | 0 | 0 | ||||
| ______ | |||||||
| At 30/04/2024 | 1562 | 403 | 1965 | ||||
| Depreciation | |||||||
| At 01/05/2023 | 1050 | 369 | 1419 | ||||
| charge for the year | 102 | 7 | 109 | ||||
| ______ | |||||||
| At 30/04/2024 | 1152 | 376 | 1528 | ||||
| Net Book Value at | 30/04/2024 | 410 | 27 | 437 | |||
| Net Book Value at 01/05/2023 | 512 | 34 | 546 |
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JESUS CHRIST FOUNDATION MINISTRIES INTERNATIONAL Notes to the accounts for year ended 30th April 2024
| **6 ** | Cost of Activities in | furtherance of Charity's Objectives | furtherance of Charity's Objectives |
|---|---|---|---|
| 2024/£ | 2023/£ | ||
| Rent of building | 23320 | 25440 | |
| Rent of office | 0 | 0 | |
| Light & Heat | 0 | 0 | |
| Travel costs/fuel | 365 | 195 | |
| Church events | 0 | 0 | |
| Refreshments | 286 | 225 | |
| Stationary | 330 | 317 | |
| Depreciation | 109 | 136 | |
| Telephone & Internet | 537 | 217 | |
| Subscriptions | 240 | 200 | |
| Admin | 469 | 713 | |
| Pension | 702 | 772 | |
| Charity Donation | 2090 | 4547 | |
| Insurance | 580 | 551 | |
| Repars & Renewals | 573 | 0 | |
| Salary | 8400 | 6000 | |
| Professional fees | 0 | 0 | |
| Security | 264 | 264 | |
| Loan interest | 0 | 0 | |
| Total | 38265 | 39577 |
Trustee Remuneration
The trustee Rev Paul Brefo was paid £8400 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 |
2024/£ 2023/£ 8400 6000 0 0 |
|---|---|
| 8400 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 |
2024/£ 2023/£ |
|---|---|
| 380 380 |
|
| 2024/£ 2023/£ |
|
| 0 0 |
|
| 6560 9522 |
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