COMPANY REGISTRATION NUMBER 06633841
UNITED ASIAN BAPTIST CHURCH OXFORD COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS 30 JUNE 2024
CHARITY NUMBER 1128021
FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2024
| CONTENTS | PAGE | |
|---|---|---|
| Trustees Annual Report | 1 | |
| Independent examiners report to the members | 6 | |
| Statement of financial activities (incorporating the | ||
| income and expenditure account) | 7 | |
| Balance sheet | 8 | |
| Notes to the financial statements | 9 | |
| The following pages do not form part of the financial statements | ||
| Detailed statements of financial activities | 15 |
TRUSTEES ANNUAL REPORT YEAR ENDED 30 JUNE 2024
The trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the unaudited financial statements of the charity for the year ended 30th June 2024.
REFERENCE AND ADMINISTRATIVE DETAILS
United Asian Baptist Church Oxford
Registered charity name Charity registration number 1128021 Company registration number 6633841 Registered Office 40 Weirs Lane Oxford OX1 4UR
THE TRUSTEES
The trustees who served the charity during the period were as follows:
Mr Younas Masih Mr Erik Masih Mr Ashok Masih Mr Aaron Masih Rev Dr Gian C Sahotra
Secretary
Mr Y Masih
Bankers
Barclays 4 Pound Way, Templars Square Cowley, Oxford OX4 3XT
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TRUSTEES ANNUAL REPORT YEAR ENDED 30 JUNE 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
United Asian Baptist Church is a consisted as a Charity, registered with the Charity Commission in February 2009 under the charity number 1128021. The organisation is governed by a constitutional document. The Company was incorporated on 30 June 2009
Organisational Structure
The Charity Directors are responsible for the general control and management of the charity. The Directors meet every two months and are responsible for all decisions take in relation to running the Church activities. The church building is owned by the Baptist Union. A monthly standing Order is paid to the Baptist Union as rent for using the premises of the Church. The United Asian Baptist Church have the building on Sunday from 14:00 to 18:00 and Thursday from 19:30 to 20:30 for Bible Study
Induction and training of Directors and Non Trustees
Following the appointment of the trustees, they are introduced to their role and given copies of the Constitution. A number of publications from the Charity Commission are also provided including guidance on Charities.
Risk Management
There are no Risk Management strategies in place. Appropriate Criminal Records Bureau (CRB) checks, supported by regular reviews.
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TRUSTEES ANNUAL REPORT (continued) YEAR ENDED 30 JUNE 2024
OBJECTIVES AND ACTIVITIES
Aims and Objectives
1. To serve all sections of the Society, irrespective of religion, caste, colour, creed, language and community, and fellowship of the full gospel, preaching Christian workers formed for spiritual unity, establishing worship/prayer/educational centres.
2. To unite and organise indigenous independent full gospel workers to evangelise U.K. and other countries.
3. To promote more faith workers to start new branches wherever necessary for the upliftment of society.
4. To hold Gospel campaign and crusades and other similar outreach programmes.
5. To publish and distribute charts, maps, periodicals, tracts, magazines, booklets, Christian Literature etc.
6. To conduct vacation Bible Schools for children and youth.
7. To establish musical teams and Audio and Visual ministry.
8. To conduct meetings, crusades, seminars and conventions pertaining to educational, medical and religious purposes.
9. To raise funds and receive donations, gifts, grant-in-aids and proof funds or endowments and or to invest sum and use the income for the upliftment of the society as well as Gospel work and pastors conferences; academicals/medical/theological education.
10. To dedicate and ordain Christian workers, pastors, evangelists, teachers.
11. To solemnise Christian marriages and Burial, Baptismal services.
12. To acquire lands, buildings for chapels, institutions, with the approval of concerned authorities.
13. To affiliate with the reputed boards/institutions/universities in UK as well as outside the UK.
14. To utilise the facility of loans from banks, financial institutions for the smooth running and development of the society.
Strategies
To make the Church an accessible and welcoming venue where all can meet and worship. To provide bible study on Mondays, prayer meetings on Wednesday, Sunday Service, Sunday School, Develop Youth, Develop Church Choir, prepare for annual Christian Convention, Pastors Conference, Christian Song Competitions. The Church is aiming to develop members through Christian teachings
Public Benefit
In setting the objectives of the Charity and planning our activities the Trustees have paid due regard to the public benefit guidance issued by the Charity Commission
3
TRUSTEES ANNUAL REPORT (continued) YEAR ENDED 30 JUNE 2024
ACHIEVEMENTS AND PERFORMANCE
Religious Activities
Our Church provides a place of atmosphere for people to come and worship every Sunday at 15:00. Besides worship on a Sunday we have a Prayer meetings at members house on Wednesday but we can have Prayer meetings on other days should the need occur. We have a youth Bible study every Tuesday at the Church.
There is also a Bible study class at the Church every Thursday. We also hold a Service on Good Friday, Easter Day, Christmas Day, New Years Eve and New Years Day. The Church also holds an annual Convention every year, inviting Christians to attend and participate, from all around the UK. The Church has no provisions for conducting Marriages and Funerals at the present but are still looking forward to obtain required permissions and documents from the concerned authorities for conducting the same. Baptism faculties are available at The Church.
FINANCIAL REVIEW
Funds
The Charity's main source of income is the Sunday and Wednesday offerings. The Sunday offering has averaged £320.00 and the Wednesday offering has averaged £92. The Annual Convention is funded through donations from Church members and the general public.
The Trustees intend to hold cash reserves at any one-time equivalent to the estimated essential running costs of the Charity for the ensuing twelve months. At the present the Charity holds reserves in excess of this intention.
PLANS FOR FUTURE PERIODS
Future Plans
The Church is aiming for the Church growth and looking for a suitable building for worship
RESONSIBILITIES OF THE TRUSTEES
The Trustees (who are also the directors of United Asian Baptist Church Oxford for the purposes of company law) are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year which gave a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
4
TRUSTEES ANNUAL REPORT (continued) YEAR ENDED 30 JUNE 2024
-
select suitable accounting policies and then apply them consistently;
-
observe methods and principles in the charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare financial statements on the going concern basis unless it is inappropriate to presume the the charitable company will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities
INDEPENDANT EXAMINER
Mr. U. Ahmed ACCA has been re-appointed as independent examiner for the ensuing year.
Registered office: 40 Weirs Lane Oxford OX1 4UR
Signed on behalf of the trustees
.............................
Erik Masih Trustee/Vice Chairman
5
INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF UNITED ASIAN BAPTIST CHURCH OXFORD YEAR ENDED 30 JUNE 2024
I report on the accounts of that charity for the year ended 30 June 2024 set out on pages 7 to 13.
RESPECTIVE RESPONSIBILITES OF TRUSTEES AND INDEPENDENT EXAMINER
The charity's trustees (who are also the directors of United Asian Baptist Church Oxford for the purposes of company law) are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 (the 1993 Act), as amended by section 28 of the Charities Act 2006) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
-
examine accounts (under section 43(3)(a) of the 1993 Act, as amended);
-
to follow the procedure laid down in the General Directions given by the Charity Commission (under section 43(7)(b) of the 1993 Act, as amended); and
-
to state whether particular matters have come to my attention
BASIS OF INDEPENDENT EXAMINER'S STATEMENT
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the according records kept by the charity 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 whether the accounts present a 'true and fair view'.
INDEPENDENT EXAMINER'S STATEMENT
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the trustees have not met the requirements to ensure that:
-
proper accounting records are kept (in accordance with section 386 of the Companies Act 2006); and
-
accounts prepared which agree with the according records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached
U. Ahmad ACCA Old Road, Headington, Independent examiner Oxford, OX3 8SZ
............................
6
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 30 JUNE 2024
| INCOMING RESOURCES Note Incoming resources from generating funds: Voluntary income 2 Rent - Hire of Hall Activities for generating funds 3 Investment income 4 TOTAL INCOMING RESOURCES RESOURCES EXPENDED Costs of generating funds: Fundraising trading: cost of goods sold and other costs 5 Charitable activities 6/7 Governance costs 8 TOTAL RESOURCES EXPENDED NET INCOMING RESOURCES FOR THE YEAR/NET INCOME LOSS FOR THE YEAR 9 RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Total Funds 2024 £ 20,384 8,640 - 7 29,031 (862) (5,577) (25,021) 31,460 - 2,429 - 65,731 63,302 |
Total Funds 2023 £ 20,384 8,640 - 7 |
|---|---|---|
| 29,031 | ||
| (862) (5,577) (25,021) |
||
| (31,460) | ||
| 2,429 - 65,731 |
||
| 63,302 |
The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared
All of the above amounts relate to continuing activities.
The notes on pages 9 to 13 form part of these financial statements
7
BALANCE SHEET YEAR ENDED 30 JUNE 2024
| FIXED ASSETS Note Tangible assets 11 CURRENT ASSETS Debtors 12 Cash at bank CREDITORS: Amounts falling due within one year 13 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS: Amounts falling due after more than one year 14 NET ASSETS FUNDS Unrestricted income funds 15 TOTAL FUNDS |
2024 £ £ 111,267 208 8,158 8,366 (258) 8,108 119,375 58,693 60,682 60,682 60,682 |
2023 £ £ 114,932 208 10,451 10,659 (271) 10,388 125,320 62,018 63,302 63,302 63,302 |
2023 £ £ 114,932 208 10,451 10,659 (271) 10,388 125,320 62,018 63,302 63,302 63,302 |
|---|---|---|---|
| 125,320 62,018 |
|||
| 63,302 | |||
| 63,302 | |||
| 63,302 |
The trustees are satisfied that the charity is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477, and that no member or members have requested an audit pursuant to section 476 of the Act
The trustees acknowledge their responsibilities for:
-
(i) ensuring that the charity keeps adequate accounting records which comply with section 386 of the Act, and
-
(ii) preparing financial statements which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of its profit or loss for the financial year in accordance with the requirements of section 393, and which otherwise comply with the requirements of the Act relating to financial statements, so far as applicable to the charity
These financial statements were approved by the members of the committee on the 12/03/2024 and are signed on their behalf by:
ERIK MASIH AARON MASIH Trustee/Vice Chairman Trustee/General Secretary
Company Registration Number: 06633841
The notes on pages 9 to 13 form part of these financial statements
8
NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2024
1. ACCOUNTING POLICIES
Basics of accounting
The financial statements have been prepared under historical cost convention and in accordance with applicable United Kingdom accounting standards, the Statement of Recommended Practice "Accounting and Reporting by Charities" issued in March 2005 (SORP 2005) and the Companies Act 2006, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008)
Cash flow statement
The Financial Statements do not include a cash flow statement because the Company, as a small reporting entity, is exempt from the requirements to prepare a statement under Financial Reporting Standard 1.
Incoming resources
Voluntary income including donations, gifts, and legacies and grants that provide core funding or are of a general nature are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. Such income is only deferred when:
The donor specifies that the grant or donation must only be used in future accounting periods; or the donor has imposed conditions which must be met before the charity has unconditional entitlement
Investment income is recognised on a receivable basis.
Income from charitable activities include income received under contract or where entitlement to grant funding is subject to specific performance conditions is recognised as earned (as the related goods and services are provided). Grant income included in this category provides funding to support performance activities and is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. Income is deferred when:
Admission fees or performance related grants are received in advance of the performance or events to which they relate
Resources expended
All expenditure is included in the Statement of Financial Activities on an accruals basis and recognised when there is a legal constructive obligation to pay for expenditure
Fixed assets
All fixed assets are initially recorded at cost
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
-
Freehold Property 25% Straight Line -
-
Equipment 25% Reducing Balance Motor Vehicles - 20% Reducing Balance -
-
Property Improvement 15% Reducing Balance
9
NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2024
| 2. VOLUNTARY INCOME Unrestricted Total Funds Funds 2024 £ £ Donations General Donations 20,046 20,046 Hire of Hall 8,640 8,640 28,686 28,686 3. INCOMING RESOURCES FROM ACTIVITIES FOR GENERATING FUNDS Unrestricted Total Funds Funds 2024 £ £ Fundraising Events 20,046 20,046 4. INVESTMENT INCOME Unrestricted Total Funds Funds 2024 £ £ Bank interest receivable 2 2 5. FUNDRAISING TRADING: COST OF GOODS SOLD AND OTHER COSTS Unrestricted Total Funds Funds 2024 £ £ Fundraising trading - - 6. COSTS OF CHARITABLE ACTIVITIES BY FUND TYPE Unrestricted Total Funds Funds 2024 £ £ 13,618 13,618 7. Costs OF CHARITABLE ACTIVITIES BY ACTIVITY TYPE Activities undertaken Total Funds directly 2024 £ £ Religious activity 13,618 13,618 |
Total Funds 2023 £ 20,384 8,640 |
|---|---|
| 29,024 | |
| Total Funds 2023 £ 20,384 |
|
| Total Funds 2023 £ 7 |
|
| Total Funds 2023 £ - |
|
| Total Funds 2023 £ 12,285 |
|
| Total Funds 2023 £ 12,285 |
10
NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2024
8. GOVERNANCE COSTS
| 8. GOVERNANCE COSTS | |||
|---|---|---|---|
| Salaries and wages Accountancy fees Professional fees - Pastor Visa Subscriptions Interest payable Depreciation |
Unrestricted Funds £ 11,264 1,350 - - 1,301 3,665 17,580 |
Total Funds 2024 £ 11,264 1,350 - - 1,301 3,665 17,580 |
Total Funds 2023 £ 18,397 1,350 - - 1,516 3,758 |
| 25,021 |
9. NET INCOMING RESOURCES FOR THE YEAR
This is stated after charging:
| This is stated after charging: | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Depreciation | 3,665 | 3,758 |
10. STAFF COSTS AND EMOLUMENTS
Total staff costs were as follows:
| Wages and salaries Social security costs |
Total Funds 2024 £ 11,264 - 11,264 |
Total Funds 2023 £ 18,397 - |
|---|---|---|
| 18,397 |
Particulars of employees:
The average number of employees during the year, calculated on the basis of full-time equivalents, was as follows:
| was as follows: | |||
|---|---|---|---|
| 2024 | 2023 | ||
| No | No | ||
| Number of administrative staff | 1 | 1 |
No employee received remuneration of more than £60,000 during the year (2018-Nil).
11
NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2024
11. TANGIBLE FIXED ASSETS
| 11. TANGIBLE FIXED ASSETS | |||
|---|---|---|---|
| Freehold Property Equipment Motor Total property Improvements Vehicles £ £ £ £ £ COST At 1 July 2023 160,000 26,482 3,923 - 190,405 Additions - 30 June 2024 160,000 26,482 3,923 - 190,405 DEPRECIATION At 1 July 2018 48,000 23,805 3,668 - 75,473 Disposal Charge for the year 3,200 402 63 3,665 At 30 June 2019 51,200 24,207 3,731 - 79,138 NET BOOK VALUE At 30 June 2024 108,800 2,276 192 - 111,268 At 30 June 2023 112,000 2,678 255 - 114,933 12. DEBTORS 2024 2023 £ £ Other debtors 74 93 Prepayments 124 120 213 213 Included in other debtors is a loan to an employee, further details can be found in the related party transaction note. 13.CREDITORS: Amounts falling due within one year 2024 2023 £ £ Bank loans and overdrafts - - Taxation and social security 237 245 Creditors Accruals 21 26 258 224 The bank loan is secured by a fixed charge on 15 Radcliffe Road, Oxford. 14. CREDITORS: Amounts falling due after more than one year 2024 2023 £ £ Bank loans and overdrafts 58,693 62,018 |
Freehold Property Equipment Motor property Improvements Vehicles £ £ £ £ 160,000 26,482 3,923 - |
Total £ 190,405 - |
|
| 160,000 26,482 |
3,923 - |
190,405 | |
| 48,000 23,805 3,200 402 |
3,668 - 63 |
75,473 3,665 |
|
| 51,200 24,207 |
3,731 - |
79,138 | |
| 108,800 2,276 |
192 - |
111,268 | |
| 112,000 2,678 |
255 - |
114,933 | |
| 2023 £ 93 120 |
|||
| 213 | |||
| 224 | |||
| 2023 £ 62,018 |
The bank loan is secured by a fixed charge on 15 Radcliffe Road, Oxford.
NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2024
14. CREDITORS: Amounts falling due after more than one year (continued)
The following aggregate liabilities are repayable in whole, otherwise than by instalments, and are due for repayment after more than five years from the balance sheet date:
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Bank and loan overdrafts | - | - |
15. UNRESTRICTED INCOME FUNDS
| Balance at 01 July 2023 £ General Funds 63,302 16. ANALYSIS OF NET ASSETS BETWEEN FUNDS Tangible fixed assets Unrestricted Income £ funds 111,267 Total Funds 111,267 |
Incoming resources £ 28,688 Net current assets £ 8,366 8,366 |
Outgoing resources £ (31,308) Long term liabilities £ 58,951 58,951 |
Balance at 30 June 2024 £ 60,682 |
|---|---|---|---|
| Total £ 60,682 |
|||
| 60,682 |
17. RELATED PARTY TRANSACTIONS
18. COMPANY LIMITED BY GUARANTEE
United Asian Baptist Church Oxford is a company limited by a guarantee and has no share capital
13
UNITED ASIAN BAPTIST CHURCH OXFORD COMPANY LIMITED BY GURANTEE
YEAR ENDED 30 JUNE 2024
The following pages do not form part of the statutory financial statements
DETAILED STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 30 JUNE 2024
| INCOMING RESOURCES VOLUNTARY INCOME General Donations Other Donations Rent - Hire Of Hall ACTIVITIES FOR GENERATING FUNDS Fundraising Events INVESTMENT INCOME Bank interest receivable TOTAL INCOMING RESOURCES RESOURCES EXPENDED FUNDRAISING TRADING : COST OF GOODS SOLD AND OTHER COSTS Establishment - Rent Establishment - Repairs & Maintenance Motor and travel costs - Other Cleaning Expenses Food and drinks Printing , Postage & Stationery CHARITABLE ACTIVITIES Establishment - Insurance Establishment - Heat & Light Establishment - Water Rates Motor vehicle expenses Donation Sundry Expenses - GOVERNANCE COSTS Salaries and wages Accountancy fees Professional fees - Pastor Visa Subscriptions Interest payable Depreciation TOTAL RESOURCES EXPENDED NET SURPLUS FOR THE YEAR |
2024 £ 20,046 - 8,640 28,686 - 2 28,688 - 109 - - - - 109 1,586 11,424 608 - - - 13,618 11,264 1,350 - - 1,301 3,665 17,580 31,308 2,620 - |
2023 £ 20,384 - 8,640 |
|---|---|---|
| 29,024 | ||
| - | ||
| 7 | ||
| 29,031 | ||
| - 235 - 60 566 - |
||
| 862 | ||
| 75 5,081 421 - - - |
||
| 5,577 | ||
| 18,397 1,350 - - 1,516 3,758 |
||
| 25,021 | ||
| 31,460 | ||
| 2,429 - |
15
DETAILED STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 30 JUNE 2024
FUNDRAISING TRADING : COST OF GOODS SOLD AND OTHER COSTS
| Fundraising trading Establishment - Rent Establishment - Repairs & Maintenance Motor and travel costs - Other Cleaning Expenses Food and drinks Printing , Postage & Stationery CHARITABLE ACTIVITIES Religious activity Activities undertaken directly Establishment - Insurance Establishment - Heat & Light Establishment - Water Rates Motor vehicle expenses Donations Sundry Expenses |
2024 - 109 - - - - 109 2024 1,586 11,424 608 - - - 13,618 |
2023 - 235 - 60 - - |
|---|---|---|
| 295 | ||
| 2023 75 5,081 421 - - - |
||
| 5,577 |
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