## **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 assets**Staff**
**costs**
Salaries and wages
No employee received emoluments in excess of
£60,000.
9**Tangible 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