REGISTERED CHARITY NUMBER: 1131713
Report of the Trustees and Financial Statements for the Year Ended 31 December 2022
For
OPEN DOOR OUTREACH MINISTRIES
192 B, Station Road, Edgware Middlesex, HA8 7AR
OPEN DOOR OUTREACH MINISTRIES
Contents of the Financial Statements For the Year Ended 31 December 2022
| Page | |
|---|---|
| Report of the Trustees | 3 to 5 |
| Independent Examiner's Report | |
| 6 | |
| Statement of Financial Activities | |
| 7 | |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 to 13 |
| Detailed Statement of Financial Activities | |
| 14 |
OPEN DOOR OUTREACH MINISTRIES
Report of the Trustees For the Year Ended 31 December 2022
The trustees present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP)'Accounting and Reporting by Charities' issued in March 2005.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered charity number 1131713
Principal address
3 Hazel View, Rossway Drive Bushey, WD23 3FJ
Trustees
Isaac Nana Yeboah Jennifer Nana Yeboah
Independent examiner
TaxAssist Accountants 192 B, Station Road, Edgware Middlesex, HA8 7AR
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a Charitable Incorporated organisation (CIO).
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Page 3 of 14
OPEN DOOR OUTREACH MINISTRIES
Report of the Trustees For the Year Ended 31 December 2022
Aim & Purposes:
To encourage people to devote themselves to Christ and visiting the church more frequently.
Open Door Outreach Ministries is Responsible for the maintenance of the Church-Complex.
To support oppressed communities of Ghana in Africa
Objectives and activities
We are fully committed to reach as many as people within the local community to encourage them to visit our church for the worship, for counselling and committed the general wellbeing to the community.
We organise events to help poor people specially with foods.
We help people in Ghana with humanitarian aids e.g. clothes, shoes and other essential items.
We also provide financial assistance to certain organisations e.g. orphanage.
We are committed to enhance our activities in the future by going beyond our community.
Initially we have a plan to set up another church in Hemel-Hempstead.
Achievements and performance:
The attendance of worshippers is increased over the past years but due to covid-19 restrictions, it is fallen sharply in 2020.
We are usually open three (3) days a week (Fri- Sunday) for services to the worshipers and for counselling to the worshippers as well before the pandemic. During the pandemic we are doing our activities through ZOOM.
Financial review.
In this year we are managed to continue our operation in reduced capacity to protect our restricted fund for the future commitment to set up another church in Hemel-Hempstead.
Bank balances are as follows:
| Bank Accounts Bank Current Account: A/C NO 20-74-12 03599027 (restricted Fund): A/C NO 20-74-12 83041379: A/C NO 20-74-12 43845265: ACTIVE SAVER: Cash in hand Total: |
Closing Balances as at 31.12.2022 (£) |
|---|---|
8,785.03 30,025.06 2,574.29 321.82 1,851.77 539.10 44.096.32 |
Page 4 of 14
Fund:
Usually we used to collect the donations through public donations at Sunday offerings.
Besides, in reporting year we have received the £0.00 from HMRC under gift aid scheme and grant for JRS.
We have a restricted fund of £30,025.00 for financing the own Church Building in the future.
ON BEHALF OF THE BOARD:
.............................................
Signature
Rev Isaac Nana Yeboah Name of the Trustee Date: …………
Page 5 of 14
OPEN DOOR OUTREACH MINISTRIES
Independent Examiner's Report to the Trustees
I report on the accounts for the year ended 31 December 2022 set out on pages seven to fourteen.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required. It is my responsibility to:
-
examine the accounts under Section 145 of the 2011 Act
-
to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and
-
to state whether particular matters have come to my attention.
Basis of the 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 procedure undertaken 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 statements 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 Section 130 of the 2011 Act and
-
to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been me: or
-
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
TaxAssist Accountants 192 B, Station Road, Edgware Middlesex, HA8 7AR
Date: ………
Page 6 of 14
OPEN DOOR OUTREACH MINISTRIES
Statement of Financial Activities For the Year Ended 31 December 2022
Page 7 of 14
OPEN DOOR OUTREACH MINISTRIES
Balance Sheet As At 31 December 2022
The financial statements were approved by the Board of Trustees on …….. and were signed on its behalf by:
............................................. Signature
Rev Isaac Nana Yeboah
............................................. Trustee
Page 8 of 14
OPEN DOOR OUTREACH MINISTRIES
Notes to the Financial Statements For the Year Ended 31 December 2022
1. Basis of preparation
Basis of accounting
The financial statements have been prepared under the historical cost convention, the Charities Act 2011 and the requirements of the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
Going concern
There are no material uncertainties related to events or conditions that cast significant doubt on the charity’s ability to continue as a going concern.
Change of accounting policy
The accounts present a true and fair view and no changes have been made to the accounting policies adopted in note 2,3 and 7.
Recognition of income
These are included in the Statement of Financial Activities (SoFA) when:
-
the charity becomes entitled to the resources,
-
it is more likely than not that the trustees will receive the resources,
-
the monetary value can be measured with sufficient reliability.
Grants and donations
Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP).
Tax reclaims on donations and gifts
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
Support costs
The charity has incurred expenditure on support costs.
Liability recognition
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
Governance and support costs
Governance and support costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
Page 9 of 14
Tangible fixed assets
These are capitalised if they can be used for more than one year, and cost at least
They are valued at cost.
The depreciation rates and methods used are disclosed in note 14.
.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular -restricted purposes within the objects of the charity.
Restrictions arise when specified by the donor or when funds are raised for restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2.INCOME FROM DONATIONS
| Donations (Tithes and offerings) Gifit Aid Total |
Total 30,348 30,348 17,705 - - - 2022 (£) Unrestricted fund 2022 (£) Restricted fund 2021 (£) Total fund |
|---|---|
| 30,348 - 30,348 17,705 |
Page 10 of 14
3.CHARITABLE ACTIVITIES COSTS
| ARITABLE ACTIVITIES COSTS | ||||||
|---|---|---|---|---|---|---|
| Thisyear | Lastyear | |||||
| Activity or programme | Activities undertaken directly |
Support Costs |
Total this year | Activities undertaken directly |
Support Costs |
Total last year |
| £ | £ | £ | £ | £ | £ | |
| Charitable activities 1(Honorarium) | 8,160 | 8,160 | 8,160 | - | 8,160 | |
| Charitable activities 2(Rent to Church) | 4,319 | 9,020 | 13,339 | 2,339 | 11,628 | 13,967 |
| Charitable activities 3(Welfare) | - | - | - | - | - | |
| Total | 12,479 | 9,020 | 21,499 | 10,499 | 11,628 | 22,127 |
4. GOVERNANCE COSTS
2022 (£) 2021 (£) Accountancy 350 400
5. TRUSTEES' REMUNERATION AND BENEFITS
There were trustees' remuneration or other benefits for the year ended 31 December 2021 and for the year ended 31 December 2022
6. Trustees' expenses
There were no trustees’ expenses paid for the year ended 31 December 2021 and for the year ended 31 December 2022
Page 11 of 14
7. TANGIBLE FIXED ASSETS
| At 01 January 2022 | 6,316 | 3,800 | 2,180 |
|---|---|---|---|
| Additions | 0 | ||
| At 31 December 2022 | 6,316 | 3,800 | 2,180 |
| DEPRECIATIONS ( Reducing | |||
| Balance Method) | 25% | 20% | 20% |
| At 01 January 2022 | 5,055 | 3,361 | 1,946 |
| Charge for this year | 315 | 88 | 47 |
| At 31 December 2021 | 5,370 | 3,449 | 1,993 |
| NET BOOK VALUE | |||
| At 01 January 2022 | 1,682 | 549 | 293 |
| At 31 December 2022 | 946 | 351 | 187 |
8. Debtors
Analysis of debtors
| Analysis of debtors | |||
|---|---|---|---|
| This year £ |
|||
| Trade debtors ~~Prepayments and accrued~~ |
|||
income |
- | ||
| Other debtors | - | ||
| Total | - |
9. CREDITORS: AMOUNTS FALLING WITHIN ONE YEAR
2022 (£) 2021 (£) Other creditors 55 55
Page 12 of 14
10. MOVEMENT IN FUNDS
| MOVEMENT IN FU | NDS | ||||||
|---|---|---|---|---|---|---|---|
| Fund names | and Restrictions |
£ | £ | £ | £ | £ | |
| Restricted funds | To get own church building |
30,025 | - | - | 30,025 | ||
| Unrestricted Funds | 13,468 | 30,347 | - 21,850 | - | 21,965 | ||
| Total Funds as | per balance | - |
- | - | - | - | |
| 43,493 30,347 - 21,850 - 51,990 Yes No Fund balances carried forward include assets and ü ü sheet |
43,493 |
30,347 | - 21,850 | - | 51,990 |
Page 13 of 14
OPEN DOOR OUTREACH MINISTRIES
Detailed Statement of Financial Activities For the Year Ended 31 December 2022
| Welfare | 0 |
|---|---|
| Sub -total | 12,479 |
| Governance costs | |
| Accountancy | 350 |
| Sub -total | 350 |
| Support costs | |
| Management | |
| Insurance | 532 |
| Telephone | 642 |
| Printing, postage and stationery | 5.00 |
| Sundries | 5,208 |
| Vehicles expenses | 390 |
| Fuel | 1,794 |
| Depreciation | 450 |
| Bank charges | |
| Sub -total | 9,021 |
| Net income/ (expenditure) | 8,497 |
Page 14 of 14
REGISTERED CHARITY NUMBER: 1131713
Report of the Trustees and Financial Statements for the Year Ended 31 December 2022
For
OPEN DOOR OUTREACH MINISTRIES
192 B, Station Road, Edgware Middlesex, HA8 7AR
OPEN DOOR OUTREACH MINISTRIES
Contents of the Financial Statements For the Year Ended 31 December 2022
| Page | |
|---|---|
| Report of the Trustees | 3 to 5 |
| Independent Examiner's Report | |
| 6 | |
| Statement of Financial Activities | |
| 7 | |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 to 13 |
| Detailed Statement of Financial Activities | |
| 14 |
OPEN DOOR OUTREACH MINISTRIES
Report of the Trustees For the Year Ended 31 December 2022
The trustees present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP)'Accounting and Reporting by Charities' issued in March 2005.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered charity number 1131713
Principal address
3 Hazel View, Rossway Drive Bushey, WD23 3FJ
Trustees
Isaac Nana Yeboah Jennifer Nana Yeboah
Independent examiner
TaxAssist Accountants 192 B, Station Road, Edgware Middlesex, HA8 7AR
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a Charitable Incorporated organisation (CIO).
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Page 3 of 14
OPEN DOOR OUTREACH MINISTRIES
Report of the Trustees For the Year Ended 31 December 2022
Aim & Purposes:
To encourage people to devote themselves to Christ and visiting the church more frequently.
Open Door Outreach Ministries is Responsible for the maintenance of the Church-Complex.
To support oppressed communities of Ghana in Africa
Objectives and activities
We are fully committed to reach as many as people within the local community to encourage them to visit our church for the worship, for counselling and committed the general wellbeing to the community.
We organise events to help poor people specially with foods.
We help people in Ghana with humanitarian aids e.g. clothes, shoes and other essential items.
We also provide financial assistance to certain organisations e.g. orphanage.
We are committed to enhance our activities in the future by going beyond our community.
Initially we have a plan to set up another church in Hemel-Hempstead.
Achievements and performance:
The attendance of worshippers is increased over the past years but due to covid-19 restrictions, it is fallen sharply in 2020.
We are usually open three (3) days a week (Fri- Sunday) for services to the worshipers and for counselling to the worshippers as well before the pandemic. During the pandemic we are doing our activities through ZOOM.
Financial review.
In this year we are managed to continue our operation in reduced capacity to protect our restricted fund for the future commitment to set up another church in Hemel-Hempstead.
Bank balances are as follows:
| Bank Accounts Bank Current Account: A/C NO 20-74-12 03599027 (restricted Fund): A/C NO 20-74-12 83041379: A/C NO 20-74-12 43845265: ACTIVE SAVER: Cash in hand Total: |
Closing Balances as at 31.12.2022 (£) |
|---|---|
8,785.03 30,025.06 2,574.29 321.82 1,851.77 539.10 44.096.32 |
Page 4 of 14
Fund:
Usually we used to collect the donations through public donations at Sunday offerings.
Besides, in reporting year we have received the £0.00 from HMRC under gift aid scheme and grant for JRS.
We have a restricted fund of £30,025.00 for financing the own Church Building in the future.
ON BEHALF OF THE BOARD:
.............................................
Signature
Rev Isaac Nana Yeboah Name of the Trustee Date: …………
Page 5 of 14
OPEN DOOR OUTREACH MINISTRIES
Independent Examiner's Report to the Trustees
I report on the accounts for the year ended 31 December 2022 set out on pages seven to fourteen.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required. It is my responsibility to:
-
examine the accounts under Section 145 of the 2011 Act
-
to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and
-
to state whether particular matters have come to my attention.
Basis of the 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 procedure undertaken 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 statements 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 Section 130 of the 2011 Act and
-
to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been me: or
-
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
TaxAssist Accountants 192 B, Station Road, Edgware Middlesex, HA8 7AR
Date: ………
Page 6 of 14
OPEN DOOR OUTREACH MINISTRIES
Statement of Financial Activities For the Year Ended 31 December 2022
Page 7 of 14
OPEN DOOR OUTREACH MINISTRIES
Balance Sheet As At 31 December 2022
The financial statements were approved by the Board of Trustees on …….. and were signed on its behalf by:
............................................. Signature
Rev Isaac Nana Yeboah
............................................. Trustee
Page 8 of 14
OPEN DOOR OUTREACH MINISTRIES
Notes to the Financial Statements For the Year Ended 31 December 2022
1. Basis of preparation
Basis of accounting
The financial statements have been prepared under the historical cost convention, the Charities Act 2011 and the requirements of the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
Going concern
There are no material uncertainties related to events or conditions that cast significant doubt on the charity’s ability to continue as a going concern.
Change of accounting policy
The accounts present a true and fair view and no changes have been made to the accounting policies adopted in note 2,3 and 7.
Recognition of income
These are included in the Statement of Financial Activities (SoFA) when:
-
the charity becomes entitled to the resources,
-
it is more likely than not that the trustees will receive the resources,
-
the monetary value can be measured with sufficient reliability.
Grants and donations
Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP).
Tax reclaims on donations and gifts
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
Support costs
The charity has incurred expenditure on support costs.
Liability recognition
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
Governance and support costs
Governance and support costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
Page 9 of 14
Tangible fixed assets
These are capitalised if they can be used for more than one year, and cost at least
They are valued at cost.
The depreciation rates and methods used are disclosed in note 14.
.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular -restricted purposes within the objects of the charity.
Restrictions arise when specified by the donor or when funds are raised for restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2.INCOME FROM DONATIONS
| Donations (Tithes and offerings) Gifit Aid Total |
Total 30,348 30,348 17,705 - - - 2022 (£) Unrestricted fund 2022 (£) Restricted fund 2021 (£) Total fund |
|---|---|
| 30,348 - 30,348 17,705 |
Page 10 of 14
3.CHARITABLE ACTIVITIES COSTS
| ARITABLE ACTIVITIES COSTS | ||||||
|---|---|---|---|---|---|---|
| Thisyear | Lastyear | |||||
| Activity or programme | Activities undertaken directly |
Support Costs |
Total this year | Activities undertaken directly |
Support Costs |
Total last year |
| £ | £ | £ | £ | £ | £ | |
| Charitable activities 1(Honorarium) | 8,160 | 8,160 | 8,160 | - | 8,160 | |
| Charitable activities 2(Rent to Church) | 4,319 | 9,020 | 13,339 | 2,339 | 11,628 | 13,967 |
| Charitable activities 3(Welfare) | - | - | - | - | - | |
| Total | 12,479 | 9,020 | 21,499 | 10,499 | 11,628 | 22,127 |
4. GOVERNANCE COSTS
2022 (£) 2021 (£) Accountancy 350 400
5. TRUSTEES' REMUNERATION AND BENEFITS
There were trustees' remuneration or other benefits for the year ended 31 December 2021 and for the year ended 31 December 2022
6. Trustees' expenses
There were no trustees’ expenses paid for the year ended 31 December 2021 and for the year ended 31 December 2022
Page 11 of 14
7. TANGIBLE FIXED ASSETS
| At 01 January 2022 | 6,316 | 3,800 | 2,180 |
|---|---|---|---|
| Additions | 0 | ||
| At 31 December 2022 | 6,316 | 3,800 | 2,180 |
| DEPRECIATIONS ( Reducing | |||
| Balance Method) | 25% | 20% | 20% |
| At 01 January 2022 | 5,055 | 3,361 | 1,946 |
| Charge for this year | 315 | 88 | 47 |
| At 31 December 2021 | 5,370 | 3,449 | 1,993 |
| NET BOOK VALUE | |||
| At 01 January 2022 | 1,682 | 549 | 293 |
| At 31 December 2022 | 946 | 351 | 187 |
8. Debtors
Analysis of debtors
| Analysis of debtors | |||
|---|---|---|---|
| This year £ |
|||
| Trade debtors ~~Prepayments and accrued~~ |
|||
income |
- | ||
| Other debtors | - | ||
| Total | - |
9. CREDITORS: AMOUNTS FALLING WITHIN ONE YEAR
2022 (£) 2021 (£) Other creditors 55 55
Page 12 of 14
10. MOVEMENT IN FUNDS
| MOVEMENT IN FU | NDS | ||||||
|---|---|---|---|---|---|---|---|
| Fund names | and Restrictions |
£ | £ | £ | £ | £ | |
| Restricted funds | To get own church building |
30,025 | - | - | 30,025 | ||
| Unrestricted Funds | 13,468 | 30,347 | - 21,850 | - | 21,965 | ||
| Total Funds as | per balance | - |
- | - | - | - | |
| 43,493 30,347 - 21,850 - 51,990 Yes No Fund balances carried forward include assets and ü ü sheet |
43,493 |
30,347 | - 21,850 | - | 51,990 |
Page 13 of 14
OPEN DOOR OUTREACH MINISTRIES
Detailed Statement of Financial Activities For the Year Ended 31 December 2022
| Welfare | 0 |
|---|---|
| Sub -total | 12,479 |
| Governance costs | |
| Accountancy | 350 |
| Sub -total | 350 |
| Support costs | |
| Management | |
| Insurance | 532 |
| Telephone | 642 |
| Printing, postage and stationery | 5.00 |
| Sundries | 5,208 |
| Vehicles expenses | 390 |
| Fuel | 1,794 |
| Depreciation | 450 |
| Bank charges | |
| Sub -total | 9,021 |
| Net income/ (expenditure) | 8,497 |
Page 14 of 14
REGISTERED CHARITY NUMBER: 1131713
Report of the Trustees and Financial Statements for the Year Ended 31 December 2022
For
OPEN DOOR OUTREACH MINISTRIES
192 B, Station Road, Edgware Middlesex, HA8 7AR
OPEN DOOR OUTREACH MINISTRIES
Contents of the Financial Statements For the Year Ended 31 December 2022
| Page | |
|---|---|
| Report of the Trustees | 3 to 5 |
| Independent Examiner's Report | |
| 6 | |
| Statement of Financial Activities | |
| 7 | |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 to 13 |
| Detailed Statement of Financial Activities | |
| 14 |
OPEN DOOR OUTREACH MINISTRIES
Report of the Trustees For the Year Ended 31 December 2022
The trustees present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP)'Accounting and Reporting by Charities' issued in March 2005.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered charity number 1131713
Principal address
3 Hazel View, Rossway Drive Bushey, WD23 3FJ
Trustees
Isaac Nana Yeboah Jennifer Nana Yeboah
Independent examiner
TaxAssist Accountants 192 B, Station Road, Edgware Middlesex, HA8 7AR
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a Charitable Incorporated organisation (CIO).
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Page 3 of 14
OPEN DOOR OUTREACH MINISTRIES
Report of the Trustees For the Year Ended 31 December 2022
Aim & Purposes:
To encourage people to devote themselves to Christ and visiting the church more frequently.
Open Door Outreach Ministries is Responsible for the maintenance of the Church-Complex.
To support oppressed communities of Ghana in Africa
Objectives and activities
We are fully committed to reach as many as people within the local community to encourage them to visit our church for the worship, for counselling and committed the general wellbeing to the community.
We organise events to help poor people specially with foods.
We help people in Ghana with humanitarian aids e.g. clothes, shoes and other essential items.
We also provide financial assistance to certain organisations e.g. orphanage.
We are committed to enhance our activities in the future by going beyond our community.
Initially we have a plan to set up another church in Hemel-Hempstead.
Achievements and performance:
The attendance of worshippers is increased over the past years but due to covid-19 restrictions, it is fallen sharply in 2020.
We are usually open three (3) days a week (Fri- Sunday) for services to the worshipers and for counselling to the worshippers as well before the pandemic. During the pandemic we are doing our activities through ZOOM.
Financial review.
In this year we are managed to continue our operation in reduced capacity to protect our restricted fund for the future commitment to set up another church in Hemel-Hempstead.
Bank balances are as follows:
| Bank Accounts Bank Current Account: A/C NO 20-74-12 03599027 (restricted Fund): A/C NO 20-74-12 83041379: A/C NO 20-74-12 43845265: ACTIVE SAVER: Cash in hand Total: |
Closing Balances as at 31.12.2022 (£) |
|---|---|
8,785.03 30,025.06 2,574.29 321.82 1,851.77 539.10 44.096.32 |
Page 4 of 14
Fund:
Usually we used to collect the donations through public donations at Sunday offerings.
Besides, in reporting year we have received the £0.00 from HMRC under gift aid scheme and grant for JRS.
We have a restricted fund of £30,025.00 for financing the own Church Building in the future.
ON BEHALF OF THE BOARD:
.............................................
Signature
Rev Isaac Nana Yeboah Name of the Trustee Date: …………
Page 5 of 14
OPEN DOOR OUTREACH MINISTRIES
Independent Examiner's Report to the Trustees
I report on the accounts for the year ended 31 December 2022 set out on pages seven to fourteen.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required. It is my responsibility to:
-
examine the accounts under Section 145 of the 2011 Act
-
to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and
-
to state whether particular matters have come to my attention.
Basis of the 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 procedure undertaken 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 statements 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 Section 130 of the 2011 Act and
-
to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been me: or
-
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
TaxAssist Accountants 192 B, Station Road, Edgware Middlesex, HA8 7AR
Date: ………
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OPEN DOOR OUTREACH MINISTRIES
Statement of Financial Activities For the Year Ended 31 December 2022
Page 7 of 14
OPEN DOOR OUTREACH MINISTRIES
Balance Sheet As At 31 December 2022
The financial statements were approved by the Board of Trustees on …….. and were signed on its behalf by:
............................................. Signature
Rev Isaac Nana Yeboah
............................................. Trustee
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OPEN DOOR OUTREACH MINISTRIES
Notes to the Financial Statements For the Year Ended 31 December 2022
1. Basis of preparation
Basis of accounting
The financial statements have been prepared under the historical cost convention, the Charities Act 2011 and the requirements of the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
Going concern
There are no material uncertainties related to events or conditions that cast significant doubt on the charity’s ability to continue as a going concern.
Change of accounting policy
The accounts present a true and fair view and no changes have been made to the accounting policies adopted in note 2,3 and 7.
Recognition of income
These are included in the Statement of Financial Activities (SoFA) when:
-
the charity becomes entitled to the resources,
-
it is more likely than not that the trustees will receive the resources,
-
the monetary value can be measured with sufficient reliability.
Grants and donations
Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP).
Tax reclaims on donations and gifts
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
Support costs
The charity has incurred expenditure on support costs.
Liability recognition
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
Governance and support costs
Governance and support costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
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Tangible fixed assets
These are capitalised if they can be used for more than one year, and cost at least
They are valued at cost.
The depreciation rates and methods used are disclosed in note 14.
.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular -restricted purposes within the objects of the charity.
Restrictions arise when specified by the donor or when funds are raised for restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2.INCOME FROM DONATIONS
| Donations (Tithes and offerings) Gifit Aid Total |
Total 30,348 30,348 17,705 - - - 2022 (£) Unrestricted fund 2022 (£) Restricted fund 2021 (£) Total fund |
|---|---|
| 30,348 - 30,348 17,705 |
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3.CHARITABLE ACTIVITIES COSTS
| ARITABLE ACTIVITIES COSTS | ||||||
|---|---|---|---|---|---|---|
| Thisyear | Lastyear | |||||
| Activity or programme | Activities undertaken directly |
Support Costs |
Total this year | Activities undertaken directly |
Support Costs |
Total last year |
| £ | £ | £ | £ | £ | £ | |
| Charitable activities 1(Honorarium) | 8,160 | 8,160 | 8,160 | - | 8,160 | |
| Charitable activities 2(Rent to Church) | 4,319 | 9,020 | 13,339 | 2,339 | 11,628 | 13,967 |
| Charitable activities 3(Welfare) | - | - | - | - | - | |
| Total | 12,479 | 9,020 | 21,499 | 10,499 | 11,628 | 22,127 |
4. GOVERNANCE COSTS
2022 (£) 2021 (£) Accountancy 350 400
5. TRUSTEES' REMUNERATION AND BENEFITS
There were trustees' remuneration or other benefits for the year ended 31 December 2021 and for the year ended 31 December 2022
6. Trustees' expenses
There were no trustees’ expenses paid for the year ended 31 December 2021 and for the year ended 31 December 2022
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7. TANGIBLE FIXED ASSETS
| At 01 January 2022 | 6,316 | 3,800 | 2,180 |
|---|---|---|---|
| Additions | 0 | ||
| At 31 December 2022 | 6,316 | 3,800 | 2,180 |
| DEPRECIATIONS ( Reducing | |||
| Balance Method) | 25% | 20% | 20% |
| At 01 January 2022 | 5,055 | 3,361 | 1,946 |
| Charge for this year | 315 | 88 | 47 |
| At 31 December 2021 | 5,370 | 3,449 | 1,993 |
| NET BOOK VALUE | |||
| At 01 January 2022 | 1,682 | 549 | 293 |
| At 31 December 2022 | 946 | 351 | 187 |
8. Debtors
Analysis of debtors
| Analysis of debtors | |||
|---|---|---|---|
| This year £ |
|||
| Trade debtors ~~Prepayments and accrued~~ |
|||
income |
- | ||
| Other debtors | - | ||
| Total | - |
9. CREDITORS: AMOUNTS FALLING WITHIN ONE YEAR
2022 (£) 2021 (£) Other creditors 55 55
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10. MOVEMENT IN FUNDS
| MOVEMENT IN FU | NDS | ||||||
|---|---|---|---|---|---|---|---|
| Fund names | and Restrictions |
£ | £ | £ | £ | £ | |
| Restricted funds | To get own church building |
30,025 | - | - | 30,025 | ||
| Unrestricted Funds | 13,468 | 30,347 | - 21,850 | - | 21,965 | ||
| Total Funds as | per balance | - |
- | - | - | - | |
| 43,493 30,347 - 21,850 - 51,990 Yes No Fund balances carried forward include assets and ü ü sheet |
43,493 |
30,347 | - 21,850 | - | 51,990 |
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OPEN DOOR OUTREACH MINISTRIES
Detailed Statement of Financial Activities For the Year Ended 31 December 2022
| Welfare | 0 |
|---|---|
| Sub -total | 12,479 |
| Governance costs | |
| Accountancy | 350 |
| Sub -total | 350 |
| Support costs | |
| Management | |
| Insurance | 532 |
| Telephone | 642 |
| Printing, postage and stationery | 5.00 |
| Sundries | 5,208 |
| Vehicles expenses | 390 |
| Fuel | 1,794 |
| Depreciation | 450 |
| Bank charges | |
| Sub -total | 9,021 |
| Net income/ (expenditure) | 8,497 |
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