Charity Number: 1129415
IGREJA PALAVRA VIVA LTD
TRUSTEES` REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31/10/2023
Company registration number : 05967067
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IGREJA PALAVRA VIVA LTD
CONTENTS
| 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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IGREJA PALAVRA VIVA LTD CHARITY INFORMATION
FOR THE YEAR ENDED 31 October 2023
TRUSTEE: Mr. Nilson Martins
| REGISTERED OFFICE: | 15 Allenswood Albert Drive |
|---|---|
| London | |
| SW19 6JX | |
| CHARITY NUMBER: | 1129415 |
| ACCOUNTANTS: | Calculo Consultancy Ltd |
| 3rd floor, Office 5, | |
| 21 Knightsbridge | |
| SW1X 7LY | |
| London | |
| GOVERNING INSTRUMENT: | Memorandum & Articles of Association |
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Trustees report for the year ended 31 October 2023
The trustees present their annual report and financial statements for the year ended 31 October 2023. 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:
- 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.
- 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 profit of £11,439.
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 of the 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 October 2023
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:
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Select suitable accounting policies and then apply them consistently;
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Make judgements and estimates that are reasonable and prudent;
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State whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements; and
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Prepare the financial statements on the going concern basis unless it is appropriate to presume that the charity will continue in business.
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 Paulo Veronese to be appointed as independent examiner will be put to the Annual General Meeting.
This report was approved by the trustee on 20/07/2024 and signed on its behalf by
___ Mr. Nilson Martins 21/07/2024
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Independent Examiner’s Report To the trustees IGREJA PALAVRA VIVA LTD
I report on the accounts of the church for the year ended 31 October 2023 set out on the following pages which have been prepared based on 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:
-
Examine the accounts under section 43(3) of the 1993 Act.
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Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 43(7)(b) of the Act 1993 Act.
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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 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 I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
Based on my examination, no matters have 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.
Paulo Veronese CPAA 22/07/2024
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| IGREJA PALAVRA V | IGREJA PALAVRA V | IVA LTD | IVA LTD | ||||
|---|---|---|---|---|---|---|---|
| Statement of Financi | al Activities | ||||||
| for the year ended | 31/10/2023 | ||||||
| Unrestricted | 2023 | 2022 | |||||
| Notes | Funds | Total | Total | ||||
| £ | £ | ||||||
| Incoming resources | |||||||
| Incoming resources fromgenerated funds | 3 | ||||||
| Voluntary income | 67,012 | 67,012 | 56,219 | ||||
| Activities for generating funds | |||||||
| Investment income | |||||||
| Incoming resources from charitable activities | |||||||
| Other incoming resources - JRS | |||||||
| Total incoming resources | 67,012 | 67,012 | 56,219 | ||||
| Resources expended | 4-7 | ||||||
| Costs of Generating Funds | |||||||
| Costs of generating voluntary income | 55,573 | 55,573 | 69,997 | ||||
| depreciation | |||||||
| Investment management costs | |||||||
| Charitable activities | |||||||
| Governance costs | |||||||
| Support cost | |||||||
| Total resources expended | 55,573 | 55,573 | 69,997 | ||||
| Net incoming/(outgoing) resources before transfers | 11,439 | 11,439 | 13,778 - |
||||
| Gross transfers between funds | |||||||
| Net incoming/(outgoing) resources before other recognised gains/(losses) |
11,439 | 11,439 | 13,778 - |
||||
| Other recognised gains/(losses) | |||||||
| Gains and losses on revaluation of fixed assets for the charity’s own use |
|||||||
| Gains and losses on investment assets | |||||||
| Net movement in funds | 11,439 | 11,439 | 13,778 - |
||||
| Total funds brought forward | 110,233 - |
110,233 - |
96,455 - |
||||
| Total funds carried forward | 98,794 - |
98,794 - |
110,233 - |
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| IGREJA PALAVRA VIVA LTD | IGREJA PALAVRA VIVA LTD | IGREJA PALAVRA VIVA LTD | IGREJA PALAVRA VIVA LTD | |||
|---|---|---|---|---|---|---|
| Balance Sheet as at | ||||||
| 31/10/2023 | ||||||
| Notes | Unrestricted funds |
2023 | 2022 | |||
| £ | £ | |||||
| Fixed assets | ||||||
| Tangible assets | 8 | - | - | 1 | ||
| Total fixed assets | 1 | |||||
| Current assets | ||||||
| Debtors | 9 | - | - | 887 | ||
| Cash at bank and in hand | 26,215 | 26,215 | 8,900 | |||
| Total current assets | 26,215 | 26,215 | 9,787 | |||
| Creditors: amounts falling due within oneyear |
10 | 125,009 | 125,009 | 120,021 | ||
| Net current assets/(liabilities) | -98,794 | -98,794 | -110,234 | |||
| Total assets less current liabilities | -98,794 | -98,794 | -110,233 | |||
| Creditors: amounts falling due after one year |
11 | |||||
| Net assets | - 98,794 | - 98,794 | - 110,233 | |||
| Funds of the Charity | ||||||
| Unrestricted funds | 12 | |||||
| Restricted income funds | ||||||
| Endowment funds | ||||||
| Total funds | - 98,794 | - 98,794 | - 110,233 | |||
| For the year 31/10/2023 the company was entitled to exemption under | section 477 of the Companies | |||||
| Act 2006 relating to small companies. | ||||||
| No members have required the company to obtain an audit of its accounts for the year in question | ||||||
| in accordance with section 475 of the Companies Act 2006 | ||||||
| The directors acknowledge their responsibility for complying with the requirements of the Act with | ||||||
| respect to accounting records and for the preparation of accounts. | ||||||
| Signed by one or two trustees on behalf of all the trustees |
Mr. Nilson Martins-20/07/2024 | |||||
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IGREJA PALAVRA VIVA LTD. NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 October 2023
1. Accounting Convention
The financial statements are prepared under the historical cost convention and follow the recommendations in Accounting and Reporting by Charities: Statement of Recommended Practice issued in March 2005 (SORP 2005) and the Charities Act 2006.
The charity has taken advantage of the exemption in FRS01 from the requirement to produce a cash flow statement because it is a small charity.
2. 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
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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
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Governance costs
Costs of the preparation and examination of statutory accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters.
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IGREJA PALAVRA VIVA LTD. NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 October 2023
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
| Analysis | 2023 | 2022 | |||
|---|---|---|---|---|---|
| £ | £ | ||||
| Voluntary income | Church Donations | 67,012 | 56,219 | ||
| Total | 67,012 | 56,219 |
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IGREJA PALAVRA VIVA LTD. NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 October 2023
4-7. Analysis of resources expended
| Analysis | Analysis | Analysis | 2023 | 2022 | |||
|---|---|---|---|---|---|---|---|
| £ | £ | ||||||
| Costs of generating voluntary income |
Ministry Support | 18,936 | 39,726 | ||||
| Total | 18,936 | 39,726 | |||||
| Fundraising trading costs | Total | ||||||
| Investment management costs |
|||||||
| Total | |||||||
| Advertising | |||||||
| Charitable activities | Total | ||||||
| Accountancyand | 2,230 | 1,725 | |||||
| Total | 2,230 | 1,725 | |||||
| Governance costs | 2023 | 2022 | |||||
| £ | £ | ||||||
| Rates | |||||||
| Telephone | |||||||
| Support cost | Wages | 7,800 | 7,800 | ||||
| Rent | 8,000 | 5,500 | |||||
| Insurance Cost | - | - | |||||
| Internet | - | - | |||||
| Transport | 2,640 | 80 | |||||
| Repairs and renewals | 3,756 | 3,000 | |||||
| Road tax | - | - | |||||
| Professional fees | 10,000 | 11,545 | |||||
| Internet/Domain | - | - | |||||
| Bank fees | 106 | 81 | |||||
| Postage | - | - | |||||
| Social help | - | - | |||||
| Stationeryand telephone | 2,105 | 540 | |||||
| Depreciation | - | - | |||||
| Subscriptions | - | - | |||||
| Total | 34,407 | 28,546 |
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IGREJA PALAVRA VIVA LTD. NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 October 2023
9. Debtors
£0
10-11. Creditors
£125,009
12. Movement of funds
| Fund names | Fund balances brought forward |
Incoming resources |
Outgoing resources |
Transfers | Gains and losses |
Fund balances carried forward |
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | £ | |
| Unrestricted funds | -110,233 | 67,012 | -55,573 | - | - | -98,794 |
| Total Funds | - 110,233 | 67,012 | - 55,573 | - | - | - 98,794 |
13. Employees
| Employees | Employees | 2023 | 2022 | |
|---|---|---|---|---|
| Number | Number | |||
| The parts of the charity in which the employees work |
Fundraising | - | - | |
| Charitable Activities | 1 | 1 | ||
| Governance | - | 1 | ||
| Other | - | |||
| Total | 1 | 2 |
14. Trustees Expenses
n/a
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IGREJA PALAVRA VIVA LTD. NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 October 2023
15. Fees for examination or audit the accounts
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Independent examiner’s or auditors' fees for reporting on the accounts |
£0 | £0 |
| Other fees (for example: advice, consultancy, accountancy services) paid to the independent examiner or auditor |
£0 | £0 |
16. Granting
n/a
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IGREJA PALAVRA VIVA LTD. NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 October 2023
Dear Sirs,
We confirm the following information in connection with the financial statements for the year 31 October 2023 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:
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1) transactions of a sort not usually undertaken by the charity
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2) circumstances of an exceptional or non-recurrent nature
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3) charges or credits relating to prior periods or
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4) Any change in the basis of accounting.
Any expenditure included in the financial statements (where receipts or vouchers were not available) was properly made in connection with the carrying on of the charity’s business, unless specifically notified to you as being of a private nature.
4. Fixed Assets
-
(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.
5. Debtors (£)
Balances included in the financial statements are all valid debtors or prepayments.
6. Current Assets (£26,215)
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 (£125,009)
All know liabilities of material on 31 October 2023 are shown in the financial statements including the liability.
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8. Capital Commitments
On 31 October 2023 there were no commitments for capital expenditure
9. Contingent Liabilities
No contingent liabilities existed on 31 October 2023.
10. Post Balance Sheet events
No events have occurred between 31 October 2023 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 31 October 2023 are shown in the accounts.
12. Other Related Party Transactions
There were no other party related transactions during the year ended 31 October 2023.
.
13. 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 date of this 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 external examination purposes.
Yours faithfully
Mr Nilson Martins Trustee 20/07/2024
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