OUR JESUS LIVES MINISTRIES
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30[TH] APRIL 2024
CHARITY NUMBER: 1133053
OUR JESUS LIVES MINISTRIES 23 ASHLEIGH DRIVE SHEFFIELD S12 2SA
INDEX Page Index 1 Trustees’ Report 2 - 3 Independent Examiner’s Report 4 Receipts and Payments Account 5 Statement of Assets and Liabilities 6 Notes on the financial Statements 7
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OUR JESUS LIVES
TRUSTEES’ REPORT YEAR ENDED 30[TH] APRIL 2024
The trustees are pleased to present their report for the year ended 30[th] April 2024 for the charity, Our Jesus Lives with charity number 1133053.
The Trustees of the charity are:
Anu Samuel Sunil Thankachen Denny Abraham Lookose Chacko
The principal address of the charity is : 23 Ashleigh Drive Sheffield
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity governing document is a declaration of trust that was executed 23[rd ] October 2009. The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.
OBJECTIVES AND ACTIVITIES
The Objects of the organisation are first to advance the Christian faith in accordance with the statement of beliefs for the benefit in the United Kingdom and in such other parts of the world as the trustees may think fit from time to time . The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.
ACHIEVMENTS AND PERFORMANCE
The Organisation continues to hold 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 community to attend. This has produced good results in reaching and helping members of the community. The organisation also participated in mission outreaches in India, Nepal during the year. The organisation now has 4 branches in Sheffield, Scunthorpe, Mansfield and Tipton.
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FINANCIAL REVIEW
The income of the charity is above £127,000. This is a good amount for this year of the charity the costs have been well managed over this period. The organisation is still in a good position to manage its costs. The main cost of the organisation was paying for the hosting of its church conferences with special guest speakers, and it supported Christian outreach work in both Nepal and India during the year.
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RESERVE POLICY
It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure. This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to maintain this level throughout the year.
RISK MANAGEMENT
The charity have assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.
TRUSTEE RESPONSIBILITIES
Under the Charities Act 2011, the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:
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Select suitable accounting policies and apply them consistently.
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Make judgements and estimates that are reasonable and prudent.
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State whether the applicable accounting standards have been followed.
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Prepare financial statements on an ongoing basis.
They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.
Approved by the Trustees on 4[th] December 2024 and signed on their behalf by:
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Independent Examiner’s Report To the Trustees OUR JESUS LIVES
I report on the accounts of the church for the year ended 30[th ] April 2024 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 144(2) of the Charities Act 2011 (the 2011 Act),does not apply. It is my responsibility to :
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Examine the accounts under section 145 of the 2011 Act.
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Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 145(5)(b) of the 2011 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 any 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
In the course of my examination, no matter has come to my attention;
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(1) which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that:
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proper accounting records are kept( in accordance with section 130 of the 2011 Act
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accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 2011 Act: or
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(2) to which , in my opinion , attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Chuks Ajuka BSc(Man), FICB PMDip FRESH FIRE ORGANISATION Generator Business Centre 95 Miles Road Mitcham Surrey CR4 3FH
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OUR JESUS LIVES MINISTRIES
ACCOUNTS FOR THE YEAR ENDED 30th April 2024
1 Receipts & Payments Account (General Purpose Fund)
Income Receipts
| Tithes and Offerings Gift Aid Other income Interest Total Receipts Direct Chaitable Expenditure Charity Donation Insurance Hire of Halls Transport Church Supplies Vehicle expenses Admin Welfare Conference expenses Stationary Advertising Mission Benevolent giving Accounting services Equipment Storage costs Instruments Pensions Bank Speakers Expenses Music services Rates Professiona fees Subscriptions Pastors expenses Telephone Refreshments Total Payments Net Receipts/(Payments) for the year Cash Funds at start of year Loan paid Cash Funds at the end of the year |
£ £ 2024 2023 115973 149875 11928 33893 0 265 821 1 |
|---|---|
| 128722 184034 |
|
| 9558 4320 1097 2103 6070 3167 29911 16652 25569 21845 149 245 240 616 3274 14298 290 7441 838 619 31 0 13087 16621 8159 0 660 560 1399 0 2000 0 899 0 0 1332 318 344 1458 942 87 30 175 0 0 176 1748 3499 14406 14115 1667 1521 12267 6051 |
|
| 135357 116497 -6635 67537 75142 15605 15000 -8000 |
|
| 53507 75142 |
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OUR JESUS LIVES MINISTRIES
2 Statements of Assets and Liabilities at 30th April 2024
| Cash Funds Bank Total Cash Funds Assets Retained for the Charity's Own use Instruments Equipment Fixtures & Fittings Vehicle Liabilities Accounting fee Loan NET ASSETS |
Unrestricted Funds 2024 2023 £ £ 53507 75142 |
|---|---|
| 53507 75142 |
|
| 1696 1221 9313 10242 326 408 4096 5120 |
|
| 15431 16991 |
|
| 600 600 |
|
| 68338 91533 |
Approved by the Trustees and signed on their behalf:
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OUR JESUS LIVES MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30th April 2024
ACCOUNTING POLICIES
Basis of Accounting
These accounts have been prepared on the receipts and payments basis under the Charities Act 2011.
Funds
Unrestricted funds are those which can be used at the Trustees' discretion. Restricted Funds are those whose purposes have been restricted by the donor.
Trustee Remuneration
No trustee received remuneration from the charity.
There was 1 employee during the financial year. All other work was carried on by volunteers.
Depreciation
Depreciation is charged at 20% reducing balance method.
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