MAXIMUM IMPACT CHRISTIAN CENTRE aka MICC CHAPEL OF LIGHT
REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2021
Charity Number 1134921
MAXIMUM IMPACT CHRISTIAN CENTRE
TRUSTEES ANNUAL REPORT For year ended 31 March 2021
The trustees are pleased to present their annual report together with the financial statements of the charity for the period ended 31 March 2021.
The financial statements comply with the Charities Act 2011, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)
Veterans’ Annual Christmas Dinner @ MICC
Leadership Academy
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MAXIMUM IMPACT CHRISTIAN CENTRE
TRUSTEES ANNUAL REPORT For year ended 31 March 2021
1. Chair’s Report -Rev Dr Peter Adegbie
Our 2020 – 21 Annual Report could not be as robust as we had anticipated building on the efforts of past years because of the yearlong lockdown throughout this accounting period
The report shows you in detail what, where our funding has come from, and our impact over the last year. In our annual report, you will find all the facts and figures as well as stories of what God has been doing.
Within The MICC, the Pastors and Trustees are responsible for the overall direction and governance. However, as the church has grown, we have entrusted other individuals of gifting and character with responsibilities in line with their talents and experience, and thus now have a C-Suite of three senior groups that work together to give depth, focus and dynamism to the many areas of a holistic church life and Heritage
We believe in recognising both the gift of leadership in individuals, and the value of relational teams as avenues through which Jesus builds His church. We are heavily committed to ensuring that people get the best care and help we can give them as part of our vision of loving one another excellently and of resourcing and stimulating deep personal transformation. To facilitate this, assisting Dr Peter Adegbie the Founding Pastor, on a day-to-day basis we have the co-Founding Pastor Theodora who works as our Pastoral co-ordinator and In-house Counsel.
To keep the church motor running smoothly, we also have Pastors T Okpara, J Mbanu, Benoit Musi and Dr Ezi AzFredrick who all ably assist in various voluntary capacities.
As Trustees of MICC, we firmly believe that following Christ changes lives for the better. However, we accept the right of individuals to have, and to express, differing beliefs or no belief. A central part of the Christian faith is the desire to see justice for all, regardless of age,
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MAXIMUM IMPACT CHRISTIAN CENTRE
TRUSTEES ANNUAL REPORT For year ended 31 March 2021
race, gender, class or religion.
We pledged to follow the Charity Governance Code and assess our governance practises to see how we measured up against the Code. We shall continue to improve the diversity of MICC trustees through the replacement of appointed trustees when existing terms of office come to an end.
During the reporting year, MICC continued working for the good of society through our ongoing programmes, largely through digital means, virtual meetings.
2. Objectives and Activities
The objects are:
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To advance the Christian faith (in accordance with the Statement of Beliefs) in such ways and in such parts of the United Kingdom or the world as the trustees from time to time may think fit
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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 or the world as the trustees from time to time may think fit
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To advance education in such ways and in such parts of the United Kingdom or the world as the trustees from time to time may think fit
The trustees must use the income and may use the capital of the church in promoting the objects.
MICC Chapel of Light exists to raise Christians who will be agents of change in the community; we support through study and fellowship the members of the church, teaching the doctrines of the Christian faith. We conduct regular worship services, teaching seminars and prayer conferences. We also provide ministerial services to parishioners in the UK and through our website to the world.
The ministerial services include wedding ceremonies, children dedication and water baptismal services; in addition, we offer counselling services especially to people in courtship and married couples.
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MAXIMUM IMPACT CHRISTIAN CENTRE
TRUSTEES ANNUAL REPORT For year ended 31 March 2021
3. Achievements and Performance
This year:
a). The Max-Life Radio talk show is continuing with its impactful broadcast services to further enhance our outreach as a church to teach young people about handling issues and challenges of life in this present day.
b), Journey Makers – the Light Heritage organises monthly get together for children and their guardians and the children were able to meet online via Zoom.
c). Our Southwick Employability Training efforts had to be suspended due to the Covid19 lockdown.
d). Throughout this year, we ensured that the church, maintained community through daily online meetings and prayers to help avoid mental health breakdown.
e). We continue to conduct the Remembrance Day celebrations for Southwick and host the community at our Christmas carols with Dinner in honour of the Veterans.
f). Our annual Christmas Day open house to enable anyone in the community to have company, good food and fun was revised to take care of the covid restrictions and we had to do food deliveries.
g). We celebrated the end of the year and new year with a lot of fun-fare and praise on Zoom digital platform.
h). We improved and extended the delivery and coverage of our training and employability services.
i). The Heritage Open days, giving lots of people the opportunity to visit and enjoy the great Arts collection of James Eadie Reed in our Heritage building could not hold due to the Covid-19 lockdown..
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MAXIMUM IMPACT CHRISTIAN CENTRE
TRUSTEES ANNUAL REPORT For year ended 31 March 2021
Impact
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In a world where agendas and propaganda can skew the message of Christ, MICC through its MAXLIFE Radio broadcast always seeks to bring a balanced, accessible, credible and authoritative perspective for the body of Christ and its general audience.
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The church in the UK is missing a generation of young adults and it has been our main focus to reach and engage young adults not just in a life of faith and church but equipping them with much needed leadership skills based on principles from the greatest leader that ever lived.
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We passionately believe that investing in young people is critical both for today and for our future. We have created the young adult group- The Sensational Singles and the Maximum Impact Students Association. As a result of this work we are delighted to see more young people giving their lives to Jesus, finding their place in church communities, excelling in leadership roles as Market place Christians and sharing their faith in Jesus with others.
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This year we radically transformed our digital and print communications. We are
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committed to providing our members with excellent communications that celebrate the fantastic work of the entire MICC group. Our virtual meetings were very effective and are glad to report that MICC as a family did not have any casualties of the pandemic Our new website launched in June 2018 was also an excellent resource for leadership, prayer and practical help.
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We run multiple digital channels on all the major social media platforms, to amplify further the voices of our members, celebrate what God is doing and raise awareness
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MAXIMUM IMPACT CHRISTIAN CENTRE
TRUSTEES ANNUAL REPORT For year ended 31 March 2021
4. Plans for Future Periods
a) We are working hard at strengthening community relationships particularly with other stakeholders and creating Community enterprise arms.
b) We dream of a thriving church full of all generations, all nations and those in their twenties and thirties coming to faith in significant numbers.
c) We are looking forward to the renovation and further enhancement of our Heritage worship centre to become a Green space with zero carbon footprint.
d) We are also working on further improving our online presence and impact.
Partnerships:
We are an independent Christian church with strong relational links with other leaders and churches. We also enjoy fruitful collaboration with the other churches in Sunderland and Newcastle upon Tyne. We are members of Churches Together and members of the Evangelical Alliance of Great Britain and Ireland.
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MAXIMUM IMPACT CHRISTIAN CENTRE
TRUSTEES ANNUAL REPORT For year ended 31 March 2021
| 5. Reference and administrative details of the charity, its trustees and advisors | 5. Reference and administrative details of the charity, its trustees and advisors | 5. Reference and administrative details of the charity, its trustees and advisors |
|---|---|---|
| Charity Name | Maximum Impact Christian Centre (MICC) | |
| aka MICC Chapel of Light | ||
| Registered Charity | ||
| Number | 1134921 | |
| Operational address | Chapel of Light | |
| Cornhill Road, Southwick | ||
| Sunderland | ||
| SR5 1RU | ||
| Trustees | Revd Dr Peter Adegbie | CEO/Senior Pastor |
| Revd Dr John Ameobi | Trustee | |
| Mrs Theodora Adegbie | ExecPastor/GeneralCounsel | |
| Mr Justin Mbanu | Trustee | |
| Mr Tochukwa Okpara | Trustee | |
| Dr Raymond Dennis | Trustee | |
| Mr Benoit Musi | Trustee | |
| Independent | Michelle Wright | |
| Examiner | Connected Voice Business Services | |
| Higham House | ||
| Higham Place | ||
| Newcastle upon Tyne | ||
| NE1 8AF | ||
| Bankers | Barclays Bank Plc | |
| Northumberland Street | ||
| Newcastle upon Tyne | ||
| NE1 7AF | ||
| HSBC Plc | ||
| Kingsway | ||
| Team Valley Trading Estate | ||
| Gateshead | ||
| NE11 0BE |
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MAXIMUM IMPACT CHRISTIAN CENTRE
TRUSTEES ANNUAL REPORT For year ended 31 March 2021
6. Structure, Governance and Management
Governing documents
Sunderland Chapel of Light has been registered as a charitable organisation since 15 March, 2010, number 1134921.
Appointment of Trustees
Trustees are appointed and can serve more than one term.
Religious leaders and trusteeship :
The responsibility and authority for spiritual leadership rests with the recognised spiritual leaders within the church.
Religious leader trustees have the same level of involvement and participation in decision making as all the other trustees. All decisions concerning the charity are taken by the trustees acting together. The trustees, however, must look to those trustees with spiritual authority for guidance on spiritual matters and bear in mind the spiritual direction of the church and the views of the spiritual leaders.
Volunteers
Volunteers have been a very major part of our charity. They are given platforms which enable them to discover their own potentials, develop social skills while at the same time giving reality to our public benefits objectives.
Organisation
The Trustees meet as scheduled and deal with the administration of the charity encompassing the strategic vision, financial accountability and risk management.
The pastoral, ecclesiastical and operational management of the organisation are undertaken by the paid staff team.
Risk management
The trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.
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MAXIMUM IMPACT CHRISTIAN CENTRE
TRUSTEES ANNUAL REPORT For year ended 31 March 2021
7. Financial Review
MICC Chapel of Light is primarily funded by donations. We continue to monitor all sources of income, invest in identifying and developing new sources of earned income and diversifying our income base, as well as monitoring costs, to ensure we continue to be financially sustainable for the foreseeable future
The total income for the year was £170,115 (2020: £141,029). The Statement of Financial Activities for the year ended 31 March 2021, shows a surplus across all funds of £29,359 (2020: £1,753).
The Balance Sheet at 31 March 2021 shows total funds carried forward of £113,640 (2020: £84,281) of which there are £46,027 restricted funds (2020: £29,331).
Reserves policy
It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at an appropriate level to ensure that management and administrative expenditure can be met. From time to time the trustees may decide to designate reserves to building renovation. There were £67,613 free reserves at 31 March 2021. The trustees review both its policies and its reserves position on a regular basis.
Salaries:
We believe in rewarding staff fairly for the jobs that they do and fostering a positive working environment, although our present salaries and terms and conditions do not yet reflect this due to limited cash flow and on- going development of our Heritage building.
8. Public Benefit Statement
The trustees have also reviewed the charitable purposes of MICC, and the external environment, to make sure the Charity is still relevant and needed. This annual report will aim to demonstrate the link between our charitable activity and how this benefits our service users and the community at large.
How our activities deliver public benefit
The Trustees confirm they have referred to the Charity Commission’s general guidance on public benefit when reviewing the charity’s aims and objectives and when planning future activities. We believe the Christian faith we profess – and which underpins everything we do –
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MAXIMUM IMPACT CHRISTIAN CENTRE
TRUSTEES ANNUAL REPORT For year ended 31 March 2021
is for the common good of every member of society. We therefore believe that MICC fulfils the public benefit test required of charities. We are an outward looking organisation: we are committed to the positive and joyful transformation of all people in society. We therefore strive to make sure the benefits we work for are not exclusive to our members but holistic and all embracing.
9. Statement of Trustee Responsibilities
The charity trustees are responsible for preparing a trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The board of trustees would like to place on record its thanks to, and appreciation of, the chief executive/ Founding Pastor, his Executive Pastor/ General Counsel doing the job of several people and the whole of MICC Volunteers for the skill and energy with which they have managed and contributed to the organisation.
The charity trustees are required to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and of incoming resources and application of resources. In preparing financial statements, the trustees are required to:
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Select suitable accounting policies and apply them consistently;
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Observe the methods and principles in the Charities SORP;
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Make judgements and estimates that are reasonable and prudent;
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State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
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MAXIMUM IMPACT CHRISTIAN CENTRE
TRUSTEES ANNUAL REPORT For year ended 31 March 2021
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Trustees on 24/01/22 and signed on their behalf by:
Revd Dr Peter Adegbie
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MAXIMUM IMPACT CHRISTIAN CENTRE
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES
For the year ended 31 March 2021
I report on the financial statements of Maximum Impact Christian Centre for the year ended 31 March 2021, which are set out on pages 13 to 24.
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 of the Charities Act 2011 ("the Charities Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
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h examine the accounts under section 145 of the Charities Act,
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h to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act), and
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h to state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination was carried out in accordance with 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 the trustees concerning any such matters. The procedures 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 statement below.
Independent examiner's statement
In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:
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h the accounting records were not kept in accordance with section 130 of the Charities Act; or
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h the accounts did not accord with the accounting records; or
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h the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than if the requirements that the accounts give a "true and fair" view which is not a matter considered as part of an independent examination.
I have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Michelle Wright Connected Voice Business Services Limited Higham House Higham Place Newcastle upon Tyne NE1 8AF Date: 24/01/22
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MAXIMUM IMPACT CHRISTIAN CENTRE
STATEMENT OF FINANCIAL ACTIVITIES
For the year ended 31 March 2021
| 6 7 8 Expenditure on: 9 Operation of the charity Total expenditure Net income/(expenditure) and net movement of funds Charitable activities Total funds carried forward Reconciliation of funds Total funds brought forward Total income Donations and legacies Income from: Investments Charitable activities Grants and contracts Notes |
Unrestricted Funds £ 78,224 55,221 1 133,446 120,782 120,782 12,664 54,949 67,613 |
Restricted Funds £ - 36,669 - 36,669 19,973 19,973 16,696 29,331 46,027 |
Total 2021 £ 78,224 91,890 1 170,115 140,755 140,755 29,359 84,281 113,640 |
Total 2020 £ |
|---|---|---|---|---|
| 75,744 65,285 - |
||||
| 141,029 | ||||
| 139,276 | ||||
| 139,276 | ||||
| 1,753 82,528 |
||||
| 84,281 |
The Statement of Financial Activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities
The notes on pages 15 to 24 form an integral part of these accounts.
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Charity Number 1134921
MAXIMUM IMPACT CHRISTIAN CENTRE
BALANCE SHEET
As at 31 March 2021
| Fixed assets Tangible assets 16 Total fixed assets Current assets Debtors 17 Cash at bank and in hand 18 Total current assets Creditors:amounts falling due within one year 19 Net current assets Total assets less current liabilities Creditors:amounts falling due after more than one year 20 Total net assets or liabilities Funds of the charity Unrestricted income funds Restricted income funds Revaluation reserve funds Total funds Notes |
£ 2,200 64,494 66,694 ( 14,670 ) ( 23,785 ) |
Total 2021 £ 85,401 85,401 52,024 137,425 113,640 25,956 46,027 41,657 113,640 |
£ 800 12,582 13,382 ( 16,785 ) - |
Total 2020 £ |
|---|---|---|---|---|
| 87,684 | ||||
| 87,684 ( 3,403 ) |
||||
| 84,281 | ||||
| 84,281 | ||||
| 13,292 29,331 41,657 |
||||
| 84,281 |
The notes on pages 15 to 24 form an integral part of these accounts.
These financial statements were approved by the Board on: 24/01/22 and are signed on its behalf by: Reverend Dr Peter Adegbie Trustee
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MAXIMUM IMPACT CHRISTIAN CENTRE
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2021
1 Accounting Policies
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
2 Basis of accounting
2.1 Basis of preparation
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) – Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Maximum Impact Christian Centre meets the definition of a public benefit entity under FRS 102.
2.2 Preparation of the accounts on a going concern basis
The charity reported total unrestricted funds at the year-end of £67,613 and has already secured a significant amount of funding for the current year. The financial statements have been prepared on a going concern basis. In making their assessment the trustees have reviewed and considered relevant information, including their annual budget and future cash flows. In response to the COVID-19 pandemic, the trustees have revised their forecasts to take into account measures that they can take with the current resources available to mitigate the impact of the current adverse conditions. The trustees are of the view that the immediate future of the charity for the next 12 months is secure and that on this basis the charity is a going concern.
3 Income
3.1 Recognition of income
Income is recognised when the charity has entitlement to the resources, any performance conditions attached to the item(s) of income have been met, it is more likely than not that the resources will be received and the monetary value can be measured with sufficient reliability
3.2 Offsetting
There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by FRS102 SORP or FRS102.
3.3 Grants and donations
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Income received in advance of the provision of a specified service is deferred until the criteria of income recognition are met.
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MAXIMUM IMPACT CHRISTIAN CENTRE
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2021
3.4 Donated goods and services
Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so.
Donated services and facilities are included in the SoFA when received at the value of the gift to the charity provided that the value of the gift can be measured reliably. Donated services and facilities that are consumed immediately are recognised as income with the equivalent amount recognised as an expense under the appropriate heading in the SoFA.
3.5 Volunteer help
The value of volunteer help received is not included in the accounts but is described in the trustees' annual report.
3.6 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
3.7 Income from membership subscriptions
Membership subscriptions received in the nature of a gift are recognised in donations and legacies.
Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities.
3.8 Investment gains and losses
This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
3.9 Fund accounting
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.
4 Expenditure and liabilities
4.1 Liability recognition
Liabilities are recognised when 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.
4.2 Charitable activities
Expenditure on charitable activities includes the costs of outreach work and other activities undertaken to further the purposes of the charity and their associated support costs.
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MAXIMUM IMPACT CHRISTIAN CENTRE
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2021
4.3 Governance and support costs
Support costs have been allocated between governance cost and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources.
4.4 Irrecoverable VAT
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
4.5 Creditors
The charity has creditors which are measured at settlement amounts less any trade discounts.
4.6 Provisions for liabilities
A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date.
5 Assets
5.1 Tangible fixed assets for use by the charity
Depreciation is calculated so as to write off the cost of a fixed asset, less its estimated residual value, over the useful economic life of that asset as follows:
Land and buildings
Fixtures, fittings and equipment Motor vehicles
Property is maintained to such a standard that, in the opinion of the trustees, its estimated value is not less than its cost. No depreciation is charged as it is not material. 18% per annum on a reducing balance basis 18% per annum on a reducing balance basis
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MAXIMUM IMPACT CHRISTIAN CENTRE
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2021
| Analysis of income 6 Donations and legacies 7 Charitable activities Income from grants 8 Income from investments Grants Other income Church offerings and tithes Gift aid Donations Bank interest |
Unrestricted Funds £ 57,952 14,902 5,370 78,224 47,593 7,629 55,221 1 1 |
Restricted Funds £ - - - - 36,669 - 36,669 - - |
Total 2021 £ 57,952 14,902 5,370 78,224 84,261 7,629 91,890 1 1 |
Total 2020 £ |
|---|---|---|---|---|
| 61,690 12,700 1,354 |
||||
| 75,744 | ||||
| 62,280 3,005 |
||||
| 65,285 | ||||
| - | ||||
| - |
Income was £170,115 (2020: £141,029) of which £133,446 was unrestricted or designated (2020: £78,749) and £36,669 was restricted (2020: £62,280)
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MAXIMUM IMPACT CHRISTIAN CENTRE
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2021
Analysis of expenditure on charitable activities
| 9 | Charitable activities Direct costs Support costs Governance costs Office costs Support staff other costs Outreach work and local projects Office consumables Bank charges Independent examiner's fees for reporting on the accounts Project costs Repairs and renewals Professional fees Volunteer expenses Staff costs Church running and establishment expenses Depreciation |
Unrestricted Funds £ 73,292 20,200 2,283 5,102 768 4,009 672 120 457 4,462 7,561 1,056 800 120,782 |
Restricted Funds £ - - - - 2,800 - 1,196 15,177 - - 700 - 100 19,973 |
Total 2021 £ 73,292 20,200 2,283 5,102 3,568 4,009 1,868 15,296 457 4,462 8,261 1,056 900 140,755 |
Total 2020 £ |
|---|---|---|---|---|---|
| 56,974 19,735 1,399 3,967 12,384 7,784 - - - - 35,875 1,008 150 |
|||||
| 139,276 |
Expenditure on charitable activities was £140,755 (2020: £139,276) of which £120,782 was unrestricted or designated (2020: £92,257) and £19,973 was restricted (2020: £47,020)
| 10 11 Other accountancy services paid to the examiner Fees for examination of the accounts Independent examiner's fees for reporting on the accounts Analysis of staff costs and the cost of key management personnel Salaries and wages Social security costs Pension costs |
2021 £ 1,056 201 1,257 2021 £ 62,627 6,214 4,451 73,292 |
2020 £ |
|---|---|---|
| 1,008 312 |
||
| 1,320 | ||
| 2020 £ |
||
| 44,709 3,823 3,076 |
||
| 51,608 |
No employee received remuneration above £60,000
The key management personnel of the charity, comprise the trustees and the Senior Pastor. The total employee benefits of the key management personnel of the charity were £45,306.
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MAXIMUM IMPACT CHRISTIAN CENTRE
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2021
12 Staff numbers
The average monthly head count was 2 staff (2020: 2 staff) and the average monthly number of full-time equivalent employees during the year were as follows:
| The parts of the charity in which the employee's work Pastors and ministers |
2021 Number 2.0 2.0 |
2020 Number |
|---|---|---|
| 2.0 | ||
| 2.0 |
13 Transactions with trustees
None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity.
Trustees' expenses
No trustee expenses have been incurred in the year.
Transaction(s) with related parties
There have been no related party transactions in the reporting period.
14 Defined contribution pension scheme
The charity operates a defined contribution pension scheme.The assets of the scheme are held separately from those of the charity in an independently administered fund.
The employer's pension costs represent contributions payable by the charity to the fund and amount to £4,451 (2020: £366). There was £1,464 outstanding as at 31 March 2021 (2020: £177)
15 Corporation Taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objectives.
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MAXIMUM IMPACT CHRISTIAN CENTRE
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2021
| 16 Tangible fixed assets Cost Balance brought forward Additions Disposals Revaluations Balance carried forward Depreciation Basis Rate Balance brought forward Depreciation charge for year Disposals Balance carried forward Net book value Brought forward Carried forward |
Freehold land and building £ 75,000 - - - 75,000 - - - - 75,000 75,000 |
Motor vehicles £ 12,763 - - - 12,763 RB 18% 7,010 1,036 - 8,045 5,753 4,717 |
Furniture, fittings and equipment £ 41,293 - - - 41,293 RB 18% 34,362 1,248 - 35,609 6,931 5,684 |
Total £ |
|---|---|---|---|---|
| 129,056 - - - |
||||
| 129,056 | ||||
| 41,371 2,283 - |
||||
| 43,654 | ||||
| 87,684 | ||||
| 85,401 |
The effective date of the revaluation was the 17th December 2018. An independent valuer was involved; sales of church buildings in other areas was taken into consideration when the valuation was carried out. The carry amount that would have been recognised had the assets been carried under the historical costs model is £33,343.
17 Debtors and prepayments (receivable within 1 year)
| 18 Cash at bank and in hand Cash at bank and in hand Accrued income |
2021 £ 2,200 2,200 2021 £ 64,494 64,494 |
2020 £ |
|---|---|---|
| 800 | ||
| 800 | ||
| 2020 £ |
||
| 12,582 | ||
| 12,582 |
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MAXIMUM IMPACT CHRISTIAN CENTRE
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2021
19 Creditors and accruals (payable within 1 year)
| Hire purchase creditors 20 Independent examination of accounts Creditors and accruals (payable after more than 1 year) Long Term Loan Other taxation, social security and pension Other creditors Accruals Other accruals |
2021 £ 9,344 2,044 - 1,056 2,226 14,670 2021 £ 23,785 23,785 |
2020 £ |
|---|---|---|
| 10,508 2,672 2,596 1,008 - |
||
| 16,785 | ||
| 2020 £ |
||
| - | ||
| - |
This is a government backed Bounce-Bank loan and the repayment is over 10 - 15 years
21 Events after the end of the reporting period
No events (not requiring adjustment to the accounts) have occurred after the end of the reporting period but before the accounts are authorised which relate to conditions that arose after the end of the reporting period.
22 Analysis of charitable funds
Analysis of movements in unrestricted funds
| Unrestricted funds General unrestricted fund Revaluation reserve Totals |
Fund balances brought forward £ 13,292 41,657 54,949 |
Incoming resources £ 133,446 - 133,446 |
Resources expended £ ( 115,872 ) ( 4,910 ) (120,782) |
Transfers £ - - - |
Fund balances carried forward £ |
|---|---|---|---|---|---|
| 30,866 36,747 |
|||||
| 67,613 |
Purpose of unrestricted funds
General unrestricted fund The 'reserves' of the charity
22
MAXIMUM IMPACT CHRISTIAN CENTRE
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2021
22 Analysis of charitable funds continued
Analysis of movement in restricted funds
| Restricted funds Big Lottery Fund - Awards for All Big Lottery Fund - Heritage Lottery Big Lottery Fund - Heritage Lottery Resilience Fund All Churches Trust Bright Ideas Grant Other small grants Totals |
Fund balances brought forward £ 4,081 9,990 15,260 - - - 29,331 |
Incoming resources £ - - 5,419 8,250 3,000 20,000 36,669 |
Resources expended £ - - ( 2,100 ) ( 8,250 ) ( 3,000 ) ( 6,623 ) (19,973) |
Transfers £ - - - - - - - |
Fund balances carried forward £ |
|---|---|---|---|---|---|
| 4,081 9,990 18,579 - - 13,377 |
|||||
| 46,027 |
Purpose of restricted funds
Restricted funds represent income resources used for a specific purpose within the charity as identified by the donor.
Big Lottery Fund - Awards for All Employability funding Big Lottery Fund - Heritage To fund a community celebration Lottery Big Lottery Fund - Heritage To develop areas of the church in urgent need of repair Lottery Reilience Fund Bright Ideas COVID-19 Support To provide funding towards the review of policies and safeguarding Fund procedures All Churches Trust To fund the Livestream project Bright Ideas Grant To provide funding towards the refurbishment of approved areas of the building
23 Capital commitments
As at 31 March 2021, the charity had no capital commitments (2020 -£nil)
23
MAXIMUM IMPACT CHRISTIAN CENTRE
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2021
24 Analysis of net assets between funds
| nalysis of net assets between funds | |||
|---|---|---|---|
| Cash at bank and in hand Other net current assets/(liabilities) Tangible fixed assets Cash at bank and in hand Other net current assets/(liabilities) Tangible fixed assets Long term assets/(liabilities) |
Unrestricted Funds £ 85,401 18,467 ( 12,470 ) ( 23,785 ) 67,613 Unrestricted Funds £ 87,684 ( 16,750 ) ( 15,985 ) 54,949 |
Restricted Funds £ - 46,027 - - 46,027 Restricted Funds £ - 29,331 - 29,331 |
Total 2021 £ |
| 85,401 64,494 ( 12,470 ) ( 23,785 ) |
|||
| 113,640 | |||
| Total 2020 £ |
|||
| 87,684 12,581 ( 15,985 ) |
|||
| 84,280 |
24