CITY CHAPEL
Charity No. 1128050
Company No. 06779509
Trustees' Report and Unaudited Accounts
30 November 2020
CITY CHAPEL CONTENTS
| Pages | ||
|---|---|---|
| Trustees' Annual Report | 2 - 4 | |
| Independent Examiner's Report | 5 | |
| Statement of Financial Activities | 6 | |
| Summary Income and Expenditure Account | 7 | |
| Balance Sheet | 8 | |
| Notes to the Accounts | 9 - | 13 |
| Detailed Statement of Financial Activities | 14 - 15 |
Page 1
CITY CHAPEL TRUSTEES ANNUAL REPORT
The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 30 November 2020.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. 06779509
Charity No. 1128050
Registered Office
161 Cumberland Road London E13 8LS
Directors and Trustees
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
D.A.A. ADENIYI
O. SANUSI
F.M. OMOTOSHO
Accountants
VICOM ACCOUNTANCY SERVICES LTD
164 WYNDHAM ROAD
LONDON
SE5 0UB
Page 2
CITY CHAPEL TRUSTEES ANNUAL REPORT
ACHIEVEMENTS AND PERFORMANCE
The year started with the theme “Increase Your Digital Footprint” and a drive to engage everyone on our Prayer Zoom platform. This was our second full year at Kingsford Community School. We had begun a shift to digital platforms late 2019 by changing our website and doing more on Social Media.
The Leadership took the church through digital change, starting with our January Month of Prayer on Zoom and weekly at Kingsford School. We also started FACEBOOK LIVE weekly and pushed for everyone to be on the daily Zoom prayers in January.
We held a number of events during this period for Young People with Youth Takeover and has started the Children’s Creche on Sundays. We held our annual Fortalice Couples event and started a monthly Man to Man fellowship.
The country went into its first Covid lockdown on Mother’s Day March 22[nd] . We held our first Zoom Sunday Service that day and subsequently City Chapel began DAILY services round the clock everyday all through the year.
We converted our zoom daily prayers on Zoom into evening services with people logging on to pray and engage. We ran various events and meetings on Zoom for the Children, Young People, Women, Men, Singles and Couples. We ran seminars on Finance, Marriage, Relevant Life Issues and Prayer.
One of the key ministries to emerge from the Covid Lockdown period was the School of Ministry which essentially became our Mid-week service. This then outgrew our Sunday Service in attendance, reach and engagement. Many Delegates joined from other churches as Pastor Jonathan primarily assisted by Pastor Abbiih delivered weekly extensive Bible Study Outlines and documents to everyone free of charge. The sessions were delivered on four levels, Foundation, Discipleship, Ministry and Leadership Schools.
One of the other key outcomes from the Lockdown was the successful application of three grants given to City Chapel to deliver three programs. A special Program for Boys, Teenage Girls and a SelfDevelopment Program for Dagenham residents, called “Back To Work Confidence Building”.
These were all successfully discharged led and facilitated by Pastor Abbiih and supported by an external consultant Mr Boomy Tokan. During this same period The Newham Foodbank Trustees communicated in very strong terms that City Chapel’s activities were not to overlap or be connected to their charity in any way. The City Chapel Trustees held meetings with the Newham Foodbank Trustees to ensure everything was above board and there were no conflicts of interest.
The Year ended with our 12[th] Year Anniversary themed THE KINGDOM IS HERE. City Chapel ended the year strong in membership engagement numbers and even finances. God has been faithful to City Chapel during the testing year of Covid.
Page 3
CITY CHAPEL TRUSTEES ANNUAL REPORT
PLANS FOR FUTURE PERIODS
As we step into the year 2021, City Chapel has shifted into the Digital Age with hundreds of daily Zoom Services, prayer meetings and special events. We have grown as a church with many new members from Virtual events and Zoom Sunday Services.
We are now not just on Zoom but also on Facebook and YouTube LIVE. We are now positioned to step into the future with confidence despite the pandemic challenges to faith and church growth.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to 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 charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
O. SANUSI
Trustee
16 November 2021
Page 4
CITY CHAPEL INDEPENDENT EXAMINERS REPORT
Independent Examiner's Report
I report on the accounts of CITY CHAPEL for the year ended 30 November 2020 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet, the Statement of Cash Flows and the related notes.
Respective responsibilities of trustees and examiner
The trustees (who are also directors of the charitable company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) 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 the accounts under s.145 of the 2011 Act;
-
to follow procedures laid down in the general Directions given by the Charity Commission under s.145(5)(b) of the 2011 Act; and
-
to 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 Commission. An examination includes a review of the accounting 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 do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair" view and the report is limited to those matters set out in the statement below.
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 requirements: to keep accounting records in accordance with the Companies Act 2006, s.386 and to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice: Accounting and Reporting by Charities,
-
have not been met: or
-
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
VICTORIA ONAYEMI {BA (Hons), FMAAT}
VICOM ACCOUNTANCY SERVICES LTD
164 WYNDHAM ROAD
LONDON
SE5 0UB
20 JULY 2021
Page 5
CITY CHAPEL STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 30 November 2020
| Notes Income and endowments from: Donations 3 Other 4 Total Expenditure on: Charitable activities 5 Other 6 Total Net income/(expenditure) 7 Net income/(expenditure) before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds 2020 £ 67,866 20,713 88,579 16,360 56,326 72,686 15,893 15,893 15,893 (6,218) 9,675 |
Total funds 2020 £ 67,866 20,713 |
Total funds 2019 £ 77,449 10,878 |
|---|---|---|---|
| 88,579 16,360 56,326 |
88,327 6,700 76,447 |
||
| 72,686 | 83,147 | ||
| 15,893 | 5,180 | ||
| 15,893 | 5,180 | ||
| 15,893 (6,218) |
5,180 (11,398) |
||
| 9,675 | (6,218) |
Page 6
CITY CHAPEL SUMMARY INCOME AND EXPENDITURE ACCOUNT
for the year ended 30 November 2020
| Income Gross income for the year Expenditure Depreciation and charges for impairment of fixed assets Total expenditure for the year Net income before tax for the year Net income for the year |
2020 £ 88,579 88,579 71,861 825 72,686 15,893 15,893 |
2019 £ 88,327 |
|---|---|---|
| 88,327 | ||
| 82,651 496 |
||
| 83,147 | ||
| 5,180 | ||
| 5,180 |
Page 7
CITY CHAPEL BALANCE SHEET
for the year ended 30 November 2020
| 2020 | 2020 | 2019 | |
|---|---|---|---|
| £ | £ | ||
| Fixed assets | |||
| Tangible assets | 9 | 3,301 | 1,907 |
| 3,301 | 1,907 | ||
| Current assets | |||
| Debtors | 2,864 | 2,964 | |
| Cash at bank and in hand | 7,374 | 4,249 | |
| 10,238 | 7,213 | ||
| Creditors:Amount falling due within one year | 10 | (3,864) | (15,338) |
| Net current liabilities | 6,374 | (8,125) | |
| Total assets less current liabilities | 9,675 | (6,218) | |
| Net assets excluding pension asset or liability | 9,675 | (6,218) | |
| Total net assets | 9,675 | (6,218) | |
| The funds of the charity | |||
| Unrestricted funds | 11 | ||
| General funds | (78,904) | (94,545) | |
| Designated funds | 88,579 | 88,327 | |
| 9,675 | (6,218) | ||
| Reserves | 11 | ||
| Total funds | 9,675 | (6,218) |
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 30 November 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 14 July 2021
And signed on its behalf by:
O. SANUSI
Trustee 14 July 2021
Page 8
CITY CHAPEL NOTES TO THE ACCOUNTS
for the year ended 30 November 2020
1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with 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) - Charities SORP (FRS 102) (effective 1 January 2015) - the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Change in basis of accounting or to previous
accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Fund accounting
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal. Income Recognition of Income is included in the Statement of Financial Activities (SoFA) when the income charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Income with related Where income has related expenditure the income and related expenditure expenditure is reported gross in the SOFA. Donations Voluntary income received by way of grants, donations and gifts is included in the SOFA when receivable and only when the Charity has Tax reclaims on unconditional entitlement to the income. donations and gifts Income from tax reclaims is included in the SOFA at the same time as Donated services the gift/donation to which it relates. and facilities These are only included in income (with an equivalent amount in expenditure) where the benefit to the Charity is reasonably quantifiable, measurable and material.
Page 9
CITY CHAPEL NOTES TO THE ACCOUNTS
Expenditure
Expenditure is recognised on an accruals basis. Expenditure includes any Recognition of VAT which cannot be fully recovered, and is reported as part of the expenditure expenditure to which it relates. These comprise the costs associated with attracting voluntary income, Expenditure on fundraising trading costs and investment management costs. raising funds These comprise the costs incurred by the Charity in the delivery of its Expenditure on activities and services in the furtherance of its objects, including the charitable activities making of grants and governance costs. Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for nay trade discounts due.
2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
Page 10
CITY CHAPEL NOTES TO THE ACCOUNTS
3 Income from donations
| Offering Tithes 4 Other income Building Project & Other Income Gift aid Bank Interest 5 Expenditure on charitable activities Expenditure on charitable activities Charitable activities HSBC Merchant Services |
Unrestricted £ 26,469 41,398 67,867 Unrestricted £ 17,700 3,009 3 20,712 Unrestricted £ 5,012 1,863 6,875 |
Unrestricted £ 26,469 41,398 67,867 Unrestricted £ 17,700 3,009 3 20,712 Unrestricted £ 5,012 1,863 6,875 |
Total Total 2020 2019 £ 26,469 £ 29,569 41,398 46,259 |
|---|---|---|---|
| 67,867 75,818 |
|||
| Total Total 2020 2019 £ £ 17,700 1,630 3,009 10,873 3 6 |
|||
| 20,712 | 20,712 12,509 | ||
| Unrestricted £ 5,012 1,863 |
Total Total 2020 2019 £ £ 5,171 5,171 1,863 1,529 |
||
| 6,875 | 6,875 6,700 |
Page 11
CITY CHAPEL NOTES TO THE ACCOUNTS
6 Other expenditure
| 6 Other expenditure | |||
|---|---|---|---|
| Employee costs Motor and travel costs Premises costs Amortisation depreciation impairment, profit/loss on disposal of fixed assets General administrative costs Legal and professional costs 7 Net income/(expenditure) before transfers 8 This is stated after charging:Depreciation of owned fixed assetsStaff costs Salaries and wages No employee received emoluments in excess of £60,000. 9Tangible fixed assets Cost or revaluation At 1 December 2019 Additions At 30 November 2020 Depreciation and impairment Depreciation charge for the year At 30 November 2020 Net book values At 30 November 2020 At 30 November 2019 |
Unrestricted £ 38,550 4,684 5,537 825 3,580 3,150 56,326 2020 £ 825 - 825 |
Total 2020 £ 38,550 4,684 5,537 825 |
Total 2019 £ 40,998 4,469 12,818 476 |
| 3,580 3,150 |
3,719 13,967 76,447 2019 £ 476 6,400 6,876 £ 1,907 2,219 4,126 825 825 |
||
| 56,326 | |||
| £ 1,907 2,219 |
|||
| 4,126 | |||
| 825 825 |
|||
| 3,301 | 3,301 | ||
| 1,907 | 1,907 |
Page 12
CITY CHAPEL NOTES TO THE ACCOUNTS
10 Creditors:
amounts falling due within one year
| PAYE Other creditors Movement in funds Unrestricted funds: General funds Designated funds: Offering Tithes Building & Other Income Gift aid Interest Total Revaluation Reserves: Total funds |
At 1 December 2020 (6,218) - - - - - - (6,218) |
other gains/ losses) £ - 26,469 41,398 17,700 3,009 3 |
2020 £ - 3,864 3,864 £ (72,686) - - - - - - (72,686) |
£ - - - - - - |
2019 £ 11,369 3,969 15,338 £ (78,904) 26,469 41,398 17,700 3,009 3 |
|---|---|---|---|---|---|
| 88,579 | - | 88,327 | |||
| 88,579 | - | 9,675 |
11 Movement in funds
12 Analysis of net assets between funds
| Analysis of net assets between funds Fixed assets Net current assets |
Unrestricted funds £ 3,301 6,374 |
Total £ 3,301 6,374 |
|---|---|---|
| 9,675 | 9,675 |
13 Related party disclosures
Controlling party
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 13
CITY CHAPEL DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 30 November 2020
Income and endowments from: Donations Offering Tithes Other Other Income Bank Interest Total income and endowments Expenditure on: Charitable activities Charitable activities Governance costs HSBC Merchant Services Total of expenditure on charitable activities Employee costs Salaries/wages PAYE Pastors’ Allowance Motor and travel costs Travel and Motor expenses Premises costs Rent |
Unrestricted funds 2020 £ 26,469 41,398 |
Total funds 2020 £ 26,469 41,398 67,867 20,709 3 20,712 88,579 14,497 14,497 1,863 1,863 16,360 - - 38,550 38,550 4,684 4,684 5,537 5,537 |
Total funds 2019 £ 29,569 46,249 |
|---|---|---|---|
| 67,867 | 75,818 | ||
| 20,709 3 |
12,503 6 |
||
| 20,712 | 12,509 | ||
| 88,579 14,497 14,497 1,863 1,863 16,360 - - 38,550 38,550 4,684 4,684 5,537 5,537 |
88,327 5,171 |
||
| 5,171 | |||
| 1,529 | |||
| 1,529 | |||
| 6,700 6,400 - 34,598 |
|||
| 40,998 | |||
| 4,469 | |||
| 4,469 | |||
| 12,818 | |||
| 12,818 |
Page 14
CITY CHAPEL DETAILED STATEMENT OF FINANCIAL ACTIVITIES
General administrative costs,
| including depreciation and amortisation Depreciation of Bank charges Subscription Insurance costs other gains/(losses) Net movement in funds Stationery and printing Telephone, fax and broadband Legal and professional costs Accountancy and bookkeeping Other legal and professional costs Total of expenditure of other costs Total expenditure Net gains on investments Net income/(expenditure) Net income/(expenditure) before |
825 496 - - 15,893 473 2,611 3,580 1,450 1,700 3,150 56,326 72,686 - 15,893 15,893 |
825 496 - - 473 2,611 |
476 466 120 361 862 1,910 |
|---|---|---|---|
| 3,580 | 3,719 | ||
| 1,450 1,700 |
1,505 12,462 |
||
| 3,150 | 13,967 | ||
| 56,326 | 76,447 | ||
| 83,147 | |||
| 72,686 | |||
| - | - | ||
| 15,893 | 5,180 | ||
| 15,893 | 5,180 5,180 |
||
| 15,893 |
Page 15