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2021-12-31-accounts

Charity Number: 1128570

ABUNDANTE VIDA CHURCH TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31/DECEMBER/2021

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ABUNDANTE VIDA CHURCH

CONTENTS

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||||| |---|---|---|---| |Page| |Legal and|administrative|information|3| |Trustees|report|4| |Independent|Examiner's|Report|6| |Statement|of financial|activities|7| |Balance|Sheet|8| |Notes to the financial statements|9|

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ABUNDANTE VIDA CHURCH CHARITY INFORMATION FOR THE YEAR ENDED 31ST DECEMBER 2021

TRUSTEES:

Mrs. Cleidirene Faiole Mr. Vitor Codea Dias

REGISTERED OFFICE:

80 Lavender Avenue London NW9 8HE

CHARITY NUMBER:

1128570

ACCOUNTANTS:

Brondesbury Accountants Ltd 1 College Yard 56 Winchester Road NW6 7UA London

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Trustees’ report for the year ended 31% DECEMBER 2021

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The trustees present their annual report and financial statements for the year ended 31ST DECEMBER 2021. The trustees have adopted the provisions of the Statement Practice Accounting and Reporting by Charities issued in March 2005 in preparing the annual report and financial statement of the charity.

The objects of the charity are:

  1. To advance the Christian faith for the public benefit in such ways and in such parts of the United Kingdom as the trustees from time to time may think fit;

2.To relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind, including through the provision of counselling and support in such parts of the United Kingdom as the trustees from time to time think fit; and

  1. To advance education for the public benefit in such ways and in such parts of the United Kingdom as the trustees from time to time may think fit.

The trustees meet regularly to manage the charity affairs, The charity has many volunteers during the year.

Development, activities and achievements

The organisation held successful meetings through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith, The organisation held several conferences during the year in which individuals came from all around the country to attend. This has produced good results in reaching and helping members of the community,

Transactions and financial position

The statement of financial activities shows a net loss of £4 9,109.

Fixed Assets

Detailed of movements in the tangible assets used by the Charity are set out in the note 8 to the accounts.

Fund available ; The present level of funding is adequate to support the continuation of the charity principal activities now in operation for the medium term, and the trustees consider the financial position of the charity to be satisfactory. Risk Management

The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining reserves at current levels, combined with an annual review ofthe controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks faced by the charity and confirm that they have established systems to mitigate the significant risks.

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Trustees’ report for the year ended 31" DECEMBER 2021

Charity law requires the trustees to prepare the financial statements for each financial year with give a true and fair view of the state of affairs of the charity at the year end and its incoming resources and resources expended during that year. In preparing those financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2006. They 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.

independent Examination

A resolution proposing that Rodolfo Basilio be reappointed as independent examiner will be put to the Annual General Meeting.

This report was approved by the trustees on 13/04/2022 and signed on its behalf by

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Faiole Mr. Dias Mr. Goncalves
Trustee Trustee Trustee
13/04/2022 13/04/2022 13/04/2022
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Independent Examiner's Report To the trustees ABUNDANTE VIDA CHURCH

| report on the accounts of the church for the year ended 31ST DECEMBER 2021 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 43(2) of the Charities Act 1993 (the 1993 Act), does not apply. It is my responsibility to:

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 the 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 | do not express an audit opinion on the view given by the accounts.

Independent examiner's statement

Based on my examination, no matters has come to my attention which gives me reasonable cause to believe that in any material respect, accounting records have not been kept in accordance with section 41 of the 1993 Act, or that the accounts presented do not accord with those records, or comply with the accounting requirement of the 1993 Act. No matter has come to my attention in connection with my examination to which, in my opinion, attention should be drawn to enable a proper understating of the accounts to be reached.

(atts Rodolfo Basilio Vertice Services 13/04/2022

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ABUNDANTE VIDA CHURCH
Statement of Financial Activities
for the year ended 31st December 2021
Notes Unrestrictedfunds Total2021 Total2020
£
Incoming resources 1 -
Incoming resources from generated funds 3
Voluntary income 132,750 132,750 106,272
Gift Aid 14,333 14,333 39,557
Investment income r re
incoming resources from charitable activities F 2
Other incoming resources/Grants
Total . 9,899 L 9,899 18,461
Incoming resources 156,982 156,982 164,290
Resources expended 4-7
Costs of Generating Funds
Cost of Activities 176,091 176,091 123,903
Cost of generating funds ®
Investment management costs ss
Charitable activities
2
Governance costs
2
Support cost -
Net Total resources expended 176,091 176,091 123,903
Gross transfersincoming/(outgoing)between funds resources before transfers - 19,109 - 19,109 40,387
Net Incoming/outgoing) resources before other
Other recognised gains/(losses) - 19,109 - 19,109 40,387
recognised gains/(losses)
Gains and losses on investment assets -
.
Total Net movement in funds - 19,109 . 19,109 40,387
funds brought forward 10,617 10,617 - 29,770
Total funds carried forward - 8.492 - 8.492 10,617
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ABUNDANTE VIDA CHURCH
Balance Sheet as at
31st December 2021
Unrestricted
Notes funds Total this year Total last year
Fixed assets £ z
Tangible assets 8
Tas eeeeeOo a
Total fixed assets
Current assets
Debtors 9
Cash at bank and In hand 78,070 78,070 89,958
Total current assets 78,070 78,070 89,958
Creditors: amounts falling due after
more than one year 10 86,562 86,562 79,340
Net current assets/(ilabilities) - 8.492 - 8492 10,618
Total assets fess current liabilities - 8.492 - 8,492 10,618
Creditors: amounts falling due after
ohe year
Funds of the Charity Net liabilities - 8,492 - 8,492 10,618
Unrestricted funds - 8,492 - 8,492 10,618
Restricted income funds - -
Endowment funds - -
Total funds - 8,492 - 8,492 10,618
ee EMS eee Seer enya
ofSignedall thebyhuaone or twotrusteeson behalf Signature: Date of approval
Ms Cleidirene Faiole
13/04/2022
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ABUNDANTE VIDA GHURCH FOR NOTES TO THE ACCOUNTS THE YEAR ENDED 31ST DECEMBER 2021

1. Accounting Convention

The financial statements are prepared under the historical cost convention and follow the recommendations in * theAccountChar i tiesng andAct Reporting 2006. by Charities: Statement of Recommended Practice’ issued in March 2005 (SORP 2005) and

The charity has taken advantage of the exemption in FRSO1 from the requirement to produce a cash flow statement because it is a small charity.

  1. Accounting policies

Recognition of incoming resources

These are included in the Statement of Financial Activities (Sofa) when: : The charity becomes entitled to the resources; : The trustees are virtually certain they will receive the resources; and : The monetary value can be measured with sufficient reliability.

Incoming resources with related expenditure

Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reported gross in the Sofa.

Grants and donations

Grants and donations are only included in the Sofa when the charity has unconditional entitlement to the resources. Tax reclaims on donations and gifts

Incoming resources from tax reclaims are included in the Sofa at the same time as the gift to which they relate. Gifts in kind

Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the Sofa as incoming resources when receivable,

Investment income

This is included in the accounts when receivable.

Liability recognition

resources.Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out

Governance costs

adviceCosts of tothe trustees preparation on governance and examination or constitutional of statutorymatters. accounts, the costs of trustee meetings and cost of any legal

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ABUNDANTE VIDA CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2021

Grants with performance conditions

Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the Sofa once the recipient of the grant has provided the specified service or output.

Grants payable without performance conditions

These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity.

Support Costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, e.g. allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Investments

Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees’ best estimate of market value.

3. Analysis of incoming resources

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2021 2020
Analysis
Voluntary income Church & Collections
Tithes & Offerings 132,750 106,272
Gift Aid 14,333 39,557
Total 147,083 145,829
EE Sa eee SSS ee
Other Income/Grants 9,899 18,461
Investment income
Total 156,982 164,290
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ABUNDANTE VIDA CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2021

4-7. Analysis of resources expended

Analysis 2021 2020
CostofActivitiesAccounting and Consultancy 4,003 5,040
Advertising 1,127
Bank charges 705 686
Charitable expenditure
Business rate 382
Donations §,253 7,147
Fuel 1,966 781
Insurance 3,991 827
Maintenance 318
Heat and light 338
NI Employer 3,191 5,195
Offering 7,952 2,578
Otherexpenses 810
Equipments 8,896 2,615
Postage 14
Premises Expenses 6,575
Professional fees 8,372
Rent 58,741 46,958
Rent ofBuilding 714
Entertainment 1,600
Salary
Seminars		 49,612
931		 32,755
240
Meals 450
Stationery 344 1,000
Subscriptions 1,795 486
Sundry expenses
Training
Telephone
Storage
Travel		 353
14,750
5,082		 411
55
1,098
3,857
Total 176,091 123,903

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ABUNDANTE VIDA CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2021

8. Tangible Assets

Nia

9. Debtors

Analysis[of][ debtors] Amounts falling due within one year 2021 2020 £ £ Trade debtors Amounts due from subsidiary and associated undertakings - - Other debtors ze e Prepayments and accrued income - Total - eae

10-11. Creditors

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Amounts falling due after more
than one year
2021 2020
£ =
Loans and overdrafts 49,338 52,000
Trade creditors 37,224 27,340
Amounts due to subsidiary and associated undertakings - -
Other creditors ie
Accruals and and deferred income a -
Total’ 86,562 79,340
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Accruals and and deferred income

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ABUNDANTE VIDA CHURGH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2021

12. Movement of funds

und und
Fund names
Unrestrictedfunds
TotalFunds		 balances
brought

13. Employees

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This year Last year
Gross wages, salaries and benefits in kind £ £
Employer's National Insurance costs ae a
Pension costs Total staff costsinteeek ae
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14. Trustees Expenses

n/a

  1. Fees for examination or audit the accounts

n/a

16. Granting

n/a

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ABUNDANTE VIDA CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2021

Dear Sirs,

We confirm the following information in connection with the financial statements for the year 31ST DECEMBER 2021 is to be best of our knowledge and belief, true and fair, bearing in mind the requirements of the Charities Act 1993.

  1. General To the best our acknowledge and belied all transactions undertaken have been properly recorded in the accounting records and these financial statements and all relevant records have been given to you. 2. Accounting Policies The Accountings policies used and detailed in the financial statements and are consistent with those adopted in the previous financial statements. 3. Statement of Financial Activities Except as disclosed in the financial statements, the results for the year were not materially affected by:

  2. 1) transactions of a sort not usually undertaken by the charity 2) circumstances of an exceptional or non-recurrent nature 3) charges or credits relating to prior periods or 4) Any change in the basis of accounting.

  3. Any expenditure included in the financial statements (where receipts or vouchers were not available) was properly made nature.in connection with the carrying on of the charity's business, unless specifically notified to you as being of a private 4. Fixed Assets ( £ 0.00)

  4. (a) The charity has a satisfactory title of all fixed assets included in the financial statements. (b) The fixed assets to which the charity has satisfactory title are included in the financial statements, (c) All amounts of expenditure capitalised in respect of fixed assets as detailed in the financial statements represent expenditure incurred in acquiring additional assets or improving existing assets, No expenditure is of revenue nature,

    1. Debtors NIA 6. Other Current Assets (£78,070) In our opinion, other current assets area expected to realise in the ordinary course of business at least the amounts at which they are stated in the Charity’s Balance Sheet 7. Liabilities (£86,562) All know liabilities of material at 31ST DECEMBER 2021 are shown in the financial statements including the liability.

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8. Capital Commitments

At 31ST DECEMBER 2021 there were no commitments for capital expenditure

  1. Contingent Liabilities

No contingent liabilities existed on 31ST DECEMBER 2021.

10. Post Balance Sheet events

No events have occurred between 31ST DECEMBER 2021 and the date of this letter which could materially affect the financial statements.

11. Transactions with Trustees

All transactions with the trustees for the year ended 31ST DECEMBER 2021 are shown in the accounts.

  1. Other Related Party Transactions

There were no other party related transactions during the year ended 31ST DECEMBER 2021.

  1. Going concern

In our opinion the charity will have adequate resources available to finance its trading and other obligations during the course of the 12 months from the dateofthis letter.

14. Law and Regulations

We confirm that the company has complied with all law and regulations relevant of the activities of the charity during the year ended under external examination and that we have made available all such relevant information necessary for extemal examination purposes.

Yours faithfully

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Mrs. Cleidirene Faiole
Tru
@ 13/04/2022
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