Charlty No.. 1132209 CHRIST HERITAGE ASSEMBLY A.K.A TRIUMPHANT CHAPEL TRUSTEES REPORTS AND ACCOUNT
CHRisf HERITAGE ASSEMBLY AKA TRIUMPHANTCIIAPEL UMITED IA COMPANY UMITEO BY GUARANTEE) LEGALAND ADMINISTRATIVE INFORMATION Mr Douglas Kanatl Mlss Chinwe Uzoamaka Madu Mr Patrick Achlef Mlnlster In Char8• Reverend Kennedy Jacob Amiekhal Mlss Chlnwe Uzo•maka Madu arlty Number 1132209 Company Number 6S10524 R•Blstered Address St Johns Vlcarage Mawney Rd. Romford RM7 BH Accountsnts Jetlag Ventures Ltd Unlt 9 Greenshiald Industrlal Estate Bradfleld Road. Sllvertown. E16 2AU
CHRIST HERITAGE ASSEMBLY AKA TRIUMPHANT CHAPEL UMITED FIIIANaALsfATEMEpirs YEAR ENDED MARCII 31. 2021 PAGE Trustees, annual report Independent Examlnees report ststement of financial activities Balance sheet Notes to fin•nclal statements io
CHRisf HERrrAGE ASSEMBLY AKA TrIUMPHANf CHAPEL UMITED TRUSTEES ANNUAL REPORT YEAR ENDED MARCH 31. 2021 The trustees who are a150 Dirertors for the purpose of Company Law have the pleasure in presentlng thelr report and the unaudited financlal ststements of the charity for the year ended March 31. 2021. URE GOVERNANCE ANO MANAGEMENT The Senior Pastor and all the trustees retsin oversight of churth matter& Trusteee and elders meet regularly to dlscuss and plan objertlves and Implementatlon thereof. There are no restrlctlons Sn the 8overnin8 documents on the operation of the charlty or on bts Investment powers other than those Imposed by 8eneral charity law. ACHIEVEMEN PERFORMANCE The financial year 2020/21 wltnessed an unpedented clrcumstsnces in the Unlted Kingdom IUKI and indeed the world at large wrth the outbreak of the novel toronavirus dlsease, ICo¥ld-191. In other to curtail and manage the spread of thls epldemlc. government all over the world Imposed series of lockdowns in their respective nations. Here In the UK, the flrst wave of the lockdown5 saw the d05ure of all buslnesses. Includln8 places of rellglous worshlp from March to Juty 2020. The church had to move alon8 wlth the trend of events and Invented herself In the face of chan8es in our world to contlnue to fulflll her spiritual obllgatlons to Its members and the communlty as a whole. Church pro8rammes and servlces were belTr8 broadcasted onllne. When the coronavlrns restrirtlons were relaxed for place5 of worshlp to reopen, government enshrlned into law serles of measures places of worship must adhere to In other to remaln open. In splte of the thurch reopenin8 for its programmes and servlce5, some members could still not leave thelr houses due to the On8n8 ra¥a8in8 effects of the coronavlrus Infectbn. Complyln8 with these coronavlrus measure5 imposed additional financlal costs on the church. The national economy took a donward tum. many buslnesses could not survive and millions of people lost their means of livelihood. These periods tested the faith of the church. the church needed to live up to her responsibllities in accordance with the tenets of our Lord Jesus Christ and exemplified the love ol God to members who were bereaved and those who We affected by the economic hardship ocassioned
CHRIST HERITAGE ASSEMBLY AKA TRIUMPHArircHAPEL UMrrED TRUSTEES ANNUAL REPORTcoffflNUED YEAR ENDED MARCH 31. 2021 The trustees are respgnslble for kepir% proper accounting recofds whlth dlsc105e with reasonable accuracy at any tlme the financial position of the charity and whl¢h enable them to ensure that the financlal statements comply with Companies Art 26. The trustees afe also responsible for the safeguarding the assets of the charlty and hence for taking relnable steps for the preventlon and detection of fraud and other Irre8ularltles. Sl8ned by order of the trustee Name: Approved by the trustees on.................
CHRisf HERITAGE ASSEMBLY AKA TRIUMPHANT CHAPEL UMITED TRVSTEES ANNUAL REpoKf CONnNVED YEAR ENDED MARCH 31. 2021 by the pandemic. The income of the church Itlthe & offering I dropped by about 29.56% compared to the prevlous year1£120,7081, this could not be matched with simllar drop in eKpenditures. Changes In expenditures as compared wlth the previous year is only 7.89%. Thls Is because many of the costs of operatlng the charlty remain unchanged wlth addltlonal costs of complylng wlth all the Coronavin rules, whleh Is refietted In the the Increase In management and administratlve costs. The church ended the financial year wlth a deficit net incomln8 resources of thirteen thousand nlne hundred and ten thousand1£13,9101. The total net intomln8 resources carried forward into the next flnanclal year stood at seventy elght thousand slx hundred and eight pounds1£78,6081. As a financlal buffer and cautionary measure, the chartty applled for the coronavlws bounce back loan stheme the govèrnment Instltuted and wa5 granted a sum of thlrty thousand pounds1£30,IXK)I lo•n, which has now become a Ilablllty In Its balance sheet. The board of trustees is of the oplnion that the chur¢h remalns a 8oln8 eoncem and will continue to carry out its charitsble obll8ations. We glve glory to our God that the church of God Is matchln8 on and no gate of hell shall ever prevall agalnst it accordin8 to the words of our Lord Jesus Christ. As we trust and hope in our God to restore back the economy of our natlon and the the world; heal all who have been brokenhearted, the church shall continue to be relevant In fulflllln8 the splrltual obll8atlons of restorlng man back to hls creator. PONSI8ILmES OF THE TRvsfEE The trustees are responslble for preparlng the Trustees Annual Report and the financial ststements in accordance with applicable law and re8ulation5. Company law requires the trustee5 to prepare flnanclal ststements In accordance wlth the UnSted Kln8dom and General Accepted Accountin8 Practlce Iunlted Klngdom Standard and applicable lawl. The financlal ststements are required bv law to 8Trve a true and falr vlew of the stste of affalrs of the charlty and of the surplus or deflclt for that perlod. In preparing these financial ststements. the trustees are required to- . selert suitsble ècounting policies and then apply them conslstentr, - make judgements and estimates that are reasonable and prudent: . prepare the financial ststements on the going concern basis unless it is inappropriate to presume thatthe charity will continue operatior
CIIRIST HERITAGE ASSEMBLY AKA TrIUMPHANT CHAPEL UMITED STATEMEKf OF FIP4ANCIALAcnvmES YEAR ENDED MARCH 31, 2020 NSI8ILmES OF TRUSTEES AND EXERMINER RESPECTIVE R The charity's tnjstees consider that an audlt is not required for this year lunder settlon 43121 of the Charities Act 1993 (the Act), but that an independent examination Is needed. Itls my responslbllltles to- examlne the accounts (under sectlon 43 ofthe Artl; follows the procedures laid down In the General Directons glven by the Charlty Comrnlsslon (under section 43171 Ibl of the Artl.. and state whether partjcular matters have come to my attenllon. F THE INDEPENDEpif EXAMINER, REPORT Our examlnatlon was Carried out In accordance with the General Dlrectlon5 8lven by the Charity Commlssloners. An examination includes a wiew ofthe accountlng records kept by the charbty and comparbson of the accounts presented wlth those records. It also Include5 conslderatbon of any unusual Items or dlsclosures In the accounts and seekin8 explanatlon from the trustees concerning any such matters. The procedures undertaken do not pro¥lde all the evldence that would be requlred In an audiL and consequently I do not express an audlt opinlon on the vlew glven by the accounts. INDEPEND£Kf EXAMINER, ATEMÉNY In the course of my examlnatlon. no matter has come to my attentlon: 111 whl¢h Bives me reasonable ¢ause to belleve that In, any materlal respert. the trustees have n¢X met the requlrements to ensure that.. . proper accountln8 records are kept Iln attordance wlth sectlon 41 of the 1993 Actl,. and . Accounts are prepared which agree wlth the accountln8 records and complv wlth the accounting requirements of the Art: or 121 to which. In my oplnion, attentlon should be drawn In order to enable proper understsndlng of the accounts to be reèthed. Gbenga Ola Olagbolabo IACCAI Jetlag Venre$ Ltd; Unlt 9 Greenshleld In&tal ESL Bradfield Road. Sll¥ertown. E16 2AU.
CHRisf HERITAGE ASSEMBLY AKA TRIUMPHANT CHAPEL UMrrED ATEMENTOF FINANaALACTIVTnES YEAR ENDED MARCH 31, 2020 Total ndS 2021 2020 INCOMING RESOURCES Tlthe & Offerlng Totsl gbft Aid Repayment DIsp05al of Flxed Asset Account TOTAL INCOMING RESOURCES 85.021 30,115 120,708 29,(190 115.136 149,798 RESOURCES EXPENOED Cost of generatln8 fvnds: Charltable expefidlture: Costs In furtherance of charltsble objects Mana8ement and •dmlnistrntlon TOTAL RESOURCES EXPENDED 96,163 109,825 32,883 30,27S 9.046 140.1 N•t IncofflIr Resow¢•s for the Y••r 113,9101 Balance brou8ht forward 92.518 82,820 Balance carrled forward 78.608 92.518 All movements are In Unrestr6 Funds
CHRIST HERITAGE A55EMBLY AKA TrIUMPHANTCHAPEL UMITED 5TATEMEKf OF FINANCIAL AcfiviTIES copiniED YEAR ENDED MARCH 31, 2021 INCOME 115.136 TOTAL EXPENDITURE 129,046 OPERATING SUftPWS 113.910) OThER INCOME Interest recelvable Net Surplus for the Yr 113,9101
CMRisf HERAGE ASSEMBLY AKA TRIUMPHANT CHAPEL UMITED YEAR EP4DED MARCH 31, 2021 2021 FIXED Tanglble assets CURRENT io 23.911 27.643 Debtors li Prepaymertt Cash at ban li Current Account 48,709 28.220 Cr•dltorsAmount fall1 du• wlthlTr I RRENT TOTAL ASS CURREP4T UABIUTIES 72,621 55.863 CredltorsAmount f•lUry due after I yr 30,IXKI NEr 71621 S5W63 Unrestrlcted TOTAL FUNDS 78,601 91518 Audlt Exemptlon Statement.. For the year ending March 31, 2021 the Company was entltled to exemptlon from audlt under sectlon 477 of the Companles Act 2( relating to small companie&
CHRIST HERITAGE ASSEMBLY AKA TrIUMPHANTOIAPEL UMITED PIOTES TO THE FINANaAL STATEMEIIT5 YEAR ENDED MARCH 31. 2021 NTING pouaES Basls of a The flnancial statements have been prepared under the hlstork cost tonvention and In accordance with the Statement of Recommended Practlce"Accountin8 and Reportlng by Charltles" ISORP 25) and the charltles Act 1993. Incomln Resour Income from tithe and offerln8s Is Included In Incomlng resources when these are recelvable. Investment Income conslsts of net interest recelved during the year and accounted for as unrestrlrted. Resources expended are included In the Statement of Flnanclal Actl¥ltles on accrual basls, Incluslve of VAT. whlch tannot be 0Vered. Certaln expendlture15 attributable to specific activities and has been in those categories. Depreclatlon Is Cakulated so as to wrlte off the cost of an at on a Stra*ht Ilne basls over the useful economlc Ilfe of the asset concemed. The prlnclpal ratrs Used for thls purpose are as follows: Furniture and Flttings Muslcal Equlpment Motor Vehlcle 25% Equipment li
IRE RS. RE5PONSIBIUTEIS: . The member have not required the company to obtain an audit of its accounts for the year in question in aCcOrdae with section 476, . The dirertors aCknoedge their responsibllities forcomplyin8 With the requirements of the Act wlth respect to accounting records and the preparation of accounts. . These accounts have been prepared In accordance wlth the provlslons appllcable to companles sublect to all small the companies, regime. These flnanclal men were approved and s18ned by the dlrector and authorlsed for Issue on.. Sl8nature: .. io
CHIUST HERITAGE ASSEMBLY AKA TrIUMPHANT CHAPEL UMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED MARCH 31. 2021 (21 DONATION Totsl Funds 2020IU Tithe & Offering 85.021 {3) GIFT AID REPAYMENT THE YEAR 2020121 Totsl glft ald repayment forthe year: 30,115 INTh RThEIIAN Tot•1 FWMIS 2020121 Provlslon of charftable ser¥lce5: PAYE & NIC 766 Wages & Salary B¢)oks & CD 10.620 403 Church Rent 45.LWJ) 1,265 Church events & Pro8rams Energy & Gas TV Insurance 436 Church Admln15trator Donations 16.543 1.053 8ulldlng Malntalnance Prlnting & De51gn Water Equlpment Repalrs Covld-19 Supports Travèl & Fuel 2.693 4.377 2.122 1.879 96,163 Motor Insurance Vehlcle Malntenance & Other Costs Bu51ness Rate Totsl
CHRisf HERITAGE ASSEMBLY AKA TRIUMPHANT CHAPEL UMrrED NOTESTO THE FINANCIAL 5TATEMEKrs YEAR ENOED MARCH 31. 2021 AATING SURPW Operatln8 surplu5llDeficitl 15 ststed after charging: 2020121 Depreciatlon 15.645 1101 TANGIBLE FIXED V•hld• At Aprll 01. 2020 Addltlon I,n7 31854 7,543 12,675 2.263 8J56 2.107 56212 11.913 Disposal Costs at March 31. 2021 I,n7 40,397 14.931 11.063 68,125 DEPR Accumulated Depreclatlon Disposed Asset AID Charge for the year 345 23,897 2,S35 1.791 28,569 10,099 2.988 2313 15.64S At March 31. 2020 691 33,997 5,522 44.214 NETB K VAWE At Marth 31, 2021 1.036 9,415 7,059 23,911
CHRisf HERAGE ASSEMBLY AKA TrIUMPHAKfciiAPEL UMifED NOTES TOThE RNANaALSTATEMEIIT5 YEAR ENDED MARCH 31, 2021 (51 MANAGEMENT AND ADMINISTRATION 2020121 Office costs AccountslPr0fenoal Fees Totsl 5.694 11,544 17338 ESOUR EXPENDE Totsl Fund5 2020121 Dlrect charltsble expendlture Fundra151n8 and publlclty Management and Admlnlstratlon 96,163 32,883 129,046 No salarles or beneffts have been pald to trustees. Indudlng the members ofthe var5ous departments durSn8 the year. ALR xp NDED 2020121 Sundry expendlture Telephone Stationery & Offke Consumables Atcounts/Professlonals fees Depreciatlon Total 1,264 3,526 11.544 15.645 32.883
CHRIST HERITAGE ASSEMBLY AKA TRIUMPHANT CHAPEL iIMITED PIOTES TO THE FINANaAL STATEMENTS YEAR ENDED MARCH 31. 2021 E8TORS 2020121 Deposit for Lease (Sundry Debtor) Prepayment 1121 RED 2020121 Covld-19 Bounce Back Loan 1131 ANAL OF NET IN UNRESTRICTED FUN Unre5trirte Restrlcted Funds Funds Total 2020111 At Aprll 1, 2020 Surplus for the year At M•rth 31. 2021 92.518 113.910) 78,608 92.518 113.910) 78,608 (l4)1N As a charlty, there Is exemption from tsxatlon on Income and 8alns fallin8 withln sertlon 505 of the Taxes Act 1988 or s 256 of the Tèxation of Chargeable Gains Act 1992 to the extent that these ère applied to Its charltable objerts. No tax ha5 risen In the Company. 1151 HARE CAPITAL The company Is limr(ed by guarantee and hence does not have Share Capitsl. Every member of the company undertakes to contrlbute to the assets ofthe company in the event of tts bein8 wound up while he Is a member or wlthln a year after helshe ¢eases to be a member. This amount Is l•m•ted to £1 per member or former member. 15
116) RELATED PARTYTrAN No payments were made to trustees or any other persons connected with them during this financlal perlod in their capacity as trustees. No materlal transaction took place between the Charlty and a tee or any person connerted with them. 16