CITY CHAPEL
Charity No. 1128050
Company No. 06779509
Trustees' Report and Unaudited Accounts
30 November 2021
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 2021.
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 continued with the theme Increase Your Digital Footprint and a drive to engage everyone on our Digital platforms. This was a year fully engaged online and in the virtual space. This was also our second full year online following the pandemic of 2020. City Chapel flourished online especially with our Bible Study Platform which reached several hundred people across the year along with our daily Prayer meetings and Sunday Services.
The Leadership took the church through digital change, starting with our 30 Days of Prayer themed Spirit and Fire in January. All sessions were on Zoom.
We held several Mental Health events and started Discipleship School on the Wednesday Bible Study evenings. We held a very important service with the Superintendent of Police Jeff Boothe and ran a successful Couples Fortalice Event. The Women had a special celebration with DJ Olabella.
As the online sessions were meeting the needs of many, we saw several people from the virtual space staring to give towards the church because of the great services they were getting. This helped to mitigate the natural drop in income a lot of churches were experiencing.
City Chapel began a series of TV programs called TRANSFORMATION MOMENTS on the TBN media platform. We changed and upgraded our WEBSITE during this period and started looking for a part time Media Admin person to help the church engage with social media and the increased digital exposure.
Pastor Jonathan led the nation to one of the largest online Pentecost events in the year and followed that up with the launched of his new book VISION OF LIGHTS. The National Day of Prayer and worship began weekly prayer sessions across the whole of the UK and Ireland,
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.
City Chapel began to hold physical meetings at Beckton Premier Inn on the first Sunday of every month – THE GATHERING. All through the year Pastors Abbiih and Jonathan held daily Zoom meetings which helped to hold the City Chapel community together despite the nonphysical weekly church meetings.
The year ended with the physical Watchnight Service at the Romford Showcase Cinema. All in all, City Chapel survived two years in the virtual space and came out still intact to the Glory of God and His great Mercy.
PLANS FOR FUTURE PERIODS
Our key aim in 2022 is to acquire a Building to Lease and occupy as a Base for all our online and offline events. May the Almighty God help us towards this goal and vision.
Page 3
CITY CHAPEL TRUSTEES ANNUAL REPORT
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
12 August 2022
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 2021 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
15 August 2022
Page 5
CITY CHAPEL STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 30 November 2021
| 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 2021 £ 50,811 19,160 |
Total funds 2021 £ 50,811 19,160 |
Total funds 2020 £ 67,866 20,713 |
|---|---|---|---|
| 69,971 5,266 58,468 |
69,971 5,266 58,468 |
88,579 16,360 56,326 |
|
| 63,734 | 63,734 | 72,686 | |
| 6,237 | 6,237 | 15,893 | |
| 6,237 | 6,237 | 15,893 | |
| 6,237 9,675 |
6,237 9,675 |
15,893 (6,218) |
|
| 15,912 | 15,912 | 9,675 |
Page 6
CITY CHAPEL SUMMARY INCOME AND EXPENDITURE ACCOUNT
for the year ended 30 November 2021
| 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 |
2021 £ 69,971 69,971 63,058 676 63,734 6,237 6,237 |
2020 £ 88,579 88,579 71,861 825 72,686 15,893 15,893 |
|---|---|---|
Page 7
CITY CHAPEL BALANCE SHEET
for the year ended 30 November 2021
Fixed assets
| Tangible assets 9 Current assets Debtors Cash at bank and in hand Creditors:Amount falling due within one year 10 Net current liabilities Total assets less current liabilities Net assets excluding pension asset or liability Total net assets The funds of the charity Unrestricted funds General funds 11 Designated funds Reserves 11 Total funds |
2,706 2,706 2,149 12,648 14,797 (1,591) 12,774 15,912 15,912 15,912 (63,734) 79,646 15,912 15,912 |
3,301 3,301 2,864 7,374 10,238 (3,864) 6,374 9,675 9,675 9,675 (78,904) 88,579 9,675 9,675 |
|---|---|---|
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 2021 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 12 August 2022
And signed on its behalf by:
O. SANUSI
Trustee 12 August 2022
Page 8
CITY CHAPEL NOTES TO THE ACCOUNTS
for the year ended 30 November 2021
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 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 the Donated services 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 Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any expenditure VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, raising funds fundraising trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its charitable activities activities and services in the furtherance of its objects, including the 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 Other Income Giftaid Bank Interest 5 Expenditure on charitable activities Expenditure on charitable activities Charitable activities Merchant Services |
Unrestricted £ 28,227 22,584 50,811 Unrestricted £ 19,159 - 1 19,160 Unrestricted £ 4,013 1,253 5,266 |
Total Total 2021 2020 £ 28,227 £ 26,468 22,584 41,398 |
|---|---|---|
| 50,811 67,866 |
||
| Total Total 2021 2020 £ £ 19,159 17,700 - 3,009 1 3 |
||
| 19,160 20,712 |
||
| Total Total 2021 2020 £ £ 4,013 14,497 1,253 1,863 |
||
| 5,266 16,360 |
Page 11
CITY CHAPEL NOTES TO THE ACCOUNTS
6 Other expenditure
Unrestricted
| Employee costs Motor and travel costs Premises costs Depreciation 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. 9Tangible fixed assets Cost or revaluation At 1 December 2020 Additions At 30 November 2021 Depreciation and impairment Depreciation charge for the year At 30 November 2021 Net book values At 30 November 2021 At 30 November 2020 |
£ 38,400 6,337 1,395 676 6,519 5,141 58,468 2021 £ 676 - - |
Total 2021 £ 38,400 6,337 1,395 676 6,519 5,141 |
Total 2020 £ 38,550 4,684 5,537 825 3,719 13,967 |
|---|---|---|---|
| 53,054 | 76,447 | ||
| £ 3,301 81 |
2020 £ 825 - |
||
| - | |||
| £ 3,301 81 |
|||
| 3,382 | 3,382 | ||
| 676 676 |
676 676 |
||
| 2,706 | 2,706 | ||
| 3,301 | 3,301 |
Page 12
CITY CHAPEL NOTES TO THE ACCOUNTS
10 Creditors:
amounts falling due within one year
| Creditors: amounts falling due within one year |
||
|---|---|---|
| Other creditors | 2021 £ 1,591 1,591 |
2020 £ 3,864 |
| 3,864 |
11 Movement in funds
| At 1 December 2020 Unrestricted funds: General funds 9,675 Designated funds: Offering - Tithes - Other Income - Gift aid - Interest - Total - Revaluation Reserves: Total funds 9,675 12Analysis of net assets between funds Fixed assets Net current assets |
other gains/ losses) £ £ - (63,734) 28,227 - 22,584 - 19,159 - - - 1 - 69,971 - 69,971 (63,734) Unrestricted funds £ 2,706 12,774 15,480 |
£ £ - (54,059) - 28,227 - 22,584 - 19,159 - - - 1 |
|
|---|---|---|---|
| - 69,971 |
|||
| - 15,912 |
|||
| Restricted funds Total £ £ - 2,706 432 13,206 432 15,912 |
|||
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 2021
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 Pastors’ Allowance Motor and travel costs Travel and Motor expenses Premises costs Rent |
Unrestricted funds 2021 £ 28,227 22,584 |
Total funds 2021 £ 28,227 22,584 50,811 19,159 1 19,160 69,971 4,013 4,013 1,253 1,253 5,266 38,400 38,400 6,337 6,337 1,395 1,395 |
Total funds 2020 £ 26,469 41,398 |
|---|---|---|---|
| 50,811 | 67,867 | ||
| 19,159 1 |
20,709 3 |
||
| 19,160 | 20,712 | ||
| 69,971 4,013 4,013 1,253 1,253 5,266 38,400 38,400 6,337 6,337 1,395 1,395 |
88,579 14,497 |
||
| 14,497 | |||
| 1,863 | |||
| 1,863 | |||
| 16,360 38,550 |
|||
| 38,550 | |||
| 4,684 | |||
| 4,684 | |||
| 5,537 | |||
| 5,537 |
Page 14
CITY CHAPEL DETAILED STATEMENT OF FINANCIAL ACTIVITIES
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General administrative costs,
including depreciation
Depreciation 676 676 825
Bank charges 276 276 496
Media expenses 1,098 1,098 -
Stationery and printing 1,160 1,160 472
-
Telephone, fax and broadband 3,985 3,985 2,611
7,195 7,195 3,600
Legal and professional costs
Accountancy and bookkeeping 1,450 1,450 1,450
Other legal and professional cost
3,691 [ 3,691 1,700 ]
5,141 5,141 3,150
T 58,468 58,468 56,326
Total expenditure of other costs
Total expenditure 63,734 63,734 72,686
- - -
Net gains on investments
Net income/(expenditure) 6,237 6,237 15,893
Net income/(expenditure) before
6,237 6,237 15,893
other gains/(losses)
Other Gains - - -
Net movement in funds 6,237 6,237 15,893
----- End of picture text -----
Page 15