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2021-08-31-accounts

Annual Report and Financial Statements for the Year Ended 31 August 2021

All Nations Charitable Trust

Charity registration number: 1135606

Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF

ALL NATIONS CHARITABLE TRUST

Contents

Reference and Administrative Details 1
Trustees' Report 2 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9 to 18

ALL NATIONS CHARITABLE TRUST

Reference and Administrative Details

Trustees

Mahongo Shibemba Johanna de Leeuw van Weenen Marilyn Morrison

Principal Office Centre For All Nations 25 Waterloo Street Oldham OL1 1AQ Charity Registration 1135606 Number

Independent Examiner G W Schulz ACMA Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF Bankers Virgin Money Clydebank G81 2NR

Page 1

ALL NATIONS CHARITABLE TRUST

Trustees' Report

The trustees present the annual report together with the financial statements of the charity for the year ended 31 August 2021.

Structure, governance and management

Nature of governing document

All Nations Charitable Trust is a registered charity, number 1135606, and is constituted under a Trust deed.

Recruitment and appointment of trustees

The management of the charity is the responsibility of the trustees who are elected and co-opted under the terms of the Trust deed.

Organisational structure

There are currently three trustees who meet periodically to review legal & financial strategy and financial performance. Contact is maintained in between meetings to monitor the cash-flow, legal procedures, and general governance of the charity. The trustees for the period reported were:

The trustees work together with the Eldership of the Church to ensure the charity is working in line with legal obligations and the charity’s Christian purpose. The Elder of the Church for the period reported was:

Risk management

The trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

Objectives and activities

Objects and aims

The principal object of the charity is to promote the Christian faith through the proclamation and furtherance of the gospel of God concerning his son Jesus Christ and the teaching and preaching of the Christian faith; and the relief of persons who are in conditions of need, hardship, distress or who are aged or sick. The Trustees oversee the policies of the Charity, and ensure that funds are deployed to meet the charity objectives.

Public benefit

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Page 2

ALL NATIONS CHARITABLE TRUST

Trustees' Report

Achievements and performance

Review of activities

The charity sought to meet its objectives through teaching and preaching the Christian message, with many people coming to church events, and many more contacted in the wider Oldham area. The COVID-19 pandemic brought unforeseen public health restrictions that altered the charity’s plans and activities, with most adapted to online platforms. The trustees completed a comprehensive COVID-19 risk assessment, and continue to review this across all of the charity’s activities. During the year, some of our activities returned to in person gatherings but we retained a strong online presence as some people were still unable to engage in face to face interaction. The charity invested in digital media equipment and training. We received some grants toward these resources.

The charity’s main objectives continued to be the promotion of the Christian faith and alleviating poverty. These were achieved through christian teaching and outreach in kind and in person, with the result of some people becoming Christians and new members being added to the church. Through our Poor and Needy imitative, we supported the most vulnerable by providing Food and Hygiene Bags of Hope to the most vulnerable families and to vulnerable women in our community. We partnered with two primary schools to provide Food Bags of Hope, up to 30 bags per month to 30 families identified by the schools as facing food poverty either because of not having entitlement to benefits or due to working parents’ income being reduced due to the furlough scheme. This year saw our strongest collaboration with the local authority and public health agencies through the Oldham Community Champions initiative. We supported a community response to the pandemic locally, enabling positive change in communities most adversely impacted by the pandemic. We produced video resources translated into French and Spanish debunking myths about Christian beliefs and vaccines. Our online resources included prayer support which attracted viewers and engagement from abroad, including countries we otherwise had no prior association with.

The charity continued to relate with other charities that work with a similar ethos across the United Kingdom and abroad. The elder of the Church continued to be involved in teaching at a full time Bible School in Wales, and at a theological college accredited by a large city University in England.

Refurbishment of the church building was delayed due to the pandemic and remains a priority once public health restrictions are removed.

Plans for future periods

The charity aims to retain financial independence by increasing membership donations and increasing building hire once the building has been refurbished. There have already been enquiries from organisations wishing to hire the building for corporate events and the charity plans to increase income from building hire by renovating the building to make it more appealing to clients. To increase the outreach capacity, the charity plans to retain ministry staff and ministry support.

Page 3

ALL NATIONS CHARITABLE TRUST

Trustees' Report

The charity plans further expansion of the work club and employability support, youth group, student work, family fun days and toddler group activities when public health advice allows this. We will continue to seek active partnership with the Local Jobcentre plus, County Council, and other charities to serve the community and respond to emerging need. The charity will continue to promote the Christian faith through its faith activities, and in cooperation with related churches locally, nationally, and abroad, whilst ensuring its activities are welcoming to the wider community, and proactive in reaching out to, and supporting people, and helping the most vulnerable.

Financial review

Result

The charity’s substantive income continued to be from giving by church members through tithes and offerings. The charity also received gift aid which helped fund charitable activities. Due to the Christian commitment of church members, the charity’s income did not suffer excessively during the pandemic and was stable, although reduced slightly compared to the previous financial year. Anticipated business income was not achieved due to the pandemic requiring closure of non-essential businesses.

Going concern

After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.

Policy on reserves

The trustees have determined that, in line with their belief that God provides for the work to which He calls His people, no reserves should be unnecessarily built up. The trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This will be based on the charity's size and the level of financial commitments held. The trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure.

Page 4

ALL NATIONS CHARITABLE TRUST

Trustees' Report

Statement of Trustees' Responsibilities

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees 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.

The annual report was approved by the trustees of the charity on 19 June 2022 and signed on its behalf by:

......................................... Mahongo Shibemba Trustee

Page 5

ALL NATIONS CHARITABLE TRUST

Independent Examiner's Report to the trustees of All Nations Charitable Trust

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 August 2021 which are set out on pages 7 to 18.

Respective responsibilities of trustees and examiner

As the charity’s trustees of All Nations Charitable Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the All Nations Charitable Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of All Nations Charitable Trust as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.

I have no concerns and 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.

...................................... G W Schulz ACMA

Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF

19 June 2022

Page 6

ALL NATIONS CHARITABLE TRUST

Statement of Financial Activities for the Year Ended 31 August 2021

Note
Unrestricted
funds
£
Income and Endowments from:
Donations and legacies
2
69,537
Charitable activities
3
-
Investment income
4
1
Total income
69,538
Expenditure on:
Charitable activities
5
94,361
Total expenditure
94,361
Net
(expenditure)/income
(24,823)
Net movement in funds
(24,823)
Reconciliation of funds
Total funds brought
forward
450,883
Total funds carried
forward
14
426,060		 Restricted
funds
£
32,366
1,397
-
33,763
22,426
22,426
11,337
11,337
10
11,347		 Total
2021
£
101,903
1,397
1
103,301
116,787
116,787
(13,486)
(13,486)
450,893
437,407		 Total
2020
£
63,651
700
2
64,353
96,914
96,914
(32,561)
(32,561)
483,454
450,893

The notes on pages 9 to 18 form an integral part of these financial statements. Page 7

ALL NATIONS CHARITABLE TRUST

Balance Sheet as at 31 August 2021

Note
Fixed assets
Tangible assets
9
Current assets
Debtors
10
Cash at bank and in hand
Creditors: Amounts falling due within one year
11
Net current assets
Total assets less current liabilities
Creditors: Amounts falling due after more than
one year
12
Net assets
Funds of the charity:
Restricted income funds
Restricted funds
Unrestricted income funds
Unrestricted funds
Total funds
14		 2021
£
439,851
439,851
3,698
48,500
52,198
(4,066)
48,132
487,983
(50,576)
437,407
11,347
426,060
437,407		 2020
£
450,723
450,723
789
607
1,396
(1,226)
170
450,893
-
450,893
10
450,883
450,893

The financial statements on pages 7 to 18 were approved by the trustees, and authorised for issue on 19 June 2022 and signed on their behalf by:

......................................... Mahongo Shibemba Trustee

The notes on pages 9 to 18 form an integral part of these financial statements. Page 8

ALL NATIONS CHARITABLE TRUST

Notes to the Financial Statements for the Year Ended 31 August 2021

1 Accounting policies

Statement of compliance

The financial statements 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

Basis of preparation

All Nations Charitable Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Donations and legacies

Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.

Gift aid

Incoming resources from tax reclaims are included in the Statement of Financial Activities at the same time as the gift to which they relate.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category.

Page 9

ALL NATIONS CHARITABLE TRUST

Notes to the Financial Statements for the Year Ended 31 August 2021

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Grant provisions

Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.

Tangible fixed assets

Individual fixed assets costing £500 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate
Freehold property Written off over 50 years straight
line
Fixtures and fittings 20% on reducing balance
Equipment 20% on reducing balance

Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Liabilities

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Page 10

ALL NATIONS CHARITABLE TRUST

Notes to the Financial Statements for the Year Ended 31 August 2021

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Pensions and other post retirement obligations

The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Page 11

ALL NATIONS CHARITABLE TRUST

Notes to the Financial Statements for the Year Ended 31 August 2021

2 Income from donations and legacies

Unrestricted
funds
General
£
Donations and legacies;
Donations
64,365
Grants, including capital
grants;
Grants from other charities
960
Other income from
donations and legacies
4,212
69,537
Included in Grants are the following:
All Churches Trust
Action Oldham - celebrating volunteers
Action Oldham - community recovery
Community Champions (Covid)		 Restricted
funds
£
22,116
10,250
-
32,366		 Total
2021
£
86,481
11,210
4,212
101,903		 Total
2020
£
63,631
-
20
63,651
£
4,250
500
1,000
5,000

3 Income from charitable activities

Unrestricted
funds
General
£
Bible school
-		 Restricted
funds
£
1,397		 Total
2021
£
1,397		 Total
2020
£
700

4 Investment income

Unrestricted
funds
General
£
Interest receivable and
similar income;
Interest receivable on
bank deposits
1		 Restricted
funds
£
-		 Total
2021
£
1		 Total
2020
£
2

Page 12

ALL NATIONS CHARITABLE TRUST

Notes to the Financial Statements for the Year Ended 31 August 2021

5 Expenditure on charitable activities

Note
Pastoral and support
fees
Premises costs
Utilities
Children's work
Conferences and
events
Catering and
refreshments
Worship
Publicity and flyers
Insurance and
licences
IT and equipment
Legal and
professional fees
Office supplies
Telephone and
broadband
Travel costs
Interest and finance
charges
Miscellaneous
Independent
examination
Depreciation
Grant funding of
activities
6
Staff costs
8		 Unrestricted
funds
General
£
43,313
3,587
4,924
67
1,122
407
-
355
5,077
790
3,440
737
720
129
3,696
21
1,140
10,872
7,444
6,520
94,361		 Restricted
funds
£
-
79
-
130
364
-
148
-
1,388
3,069
-
10
-
-
-
59
-
-
17,179
-
22,426		 Total
2021
£
43,313
3,666
4,924
197
1,486
407
148
355
6,465
3,859
3,440
747
720
129
3,696
80
1,140
10,872
24,623
6,520
116,787		 Total
2020
£
37,179
1,767
5,498
599
5,349
84
313
637
5,184
516
2,220
1,176
931
575
902
701
1,140
11,274
14,194
6,675
96,914

Page 13

ALL NATIONS CHARITABLE TRUST

Notes to the Financial Statements for the Year Ended 31 August 2021

6 Grant-making

Analysis of grants

Grants and gifts, Outreach Grants to institutions
2021
£
2020
£
12,221
11,578		 Grants to individuals
2021
£
2020
£
12,402
2,616

7 Trustees remuneration and expenses

No trustees received any remuneration from the charity during the year.

No trustees have received any reimbursed expenses or any other benefits from the charity during the year.

All decisions for expenditure concerning related parties are made in separate meetings of unrelated trustees.

The pastor, who is the spouse of a trustee, received total remuneration in his role as elder during the year of £25,900 (2020 - £18,279) and reimbursement of expenses amounting to £2,476 (2020 - £447). Decisions regarding pastoral ministry fees and needs are made by unrelated trustees with spiritual guidance from apostolic leadership with oversight of the church.

Included in ministry support are amounts totalling £17,339 (2020 - £15,850) that were paid to the son of a trustee for work as part of the outreach team, and expenses were reimbursed amouting to £242 (2020 - £907).

The daughter-in-law of a trustee was employed by the charity for part of the current year and received remuneration of £6,190 (2020 - £6,384).

Page 14

ALL NATIONS CHARITABLE TRUST

Notes to the Financial Statements for the Year Ended 31 August 2021

8 Staff costs

The aggregate payroll costs were as follows:

Staff costs during the year were:
Wages and salaries
Pension costs		 2021
£
6,324
196
6,520		 2020
£
6,384
291
6,675

The monthly average number of persons employed by the charity during the year expressed as full time equivalents was as follows:

2021 2020
No No
Staff 1 1

No employee received emoluments of more than £60,000 during the year

9 Tangible fixed assets

Cost
At 1 September 2020
At 31 August 2021
Depreciation
At 1 September 2020
Charge for the year
At 31 August 2021
Net book value
At 31 August 2021
At 31 August 2020		 Land and
buildings
£
463,251
463,251
20,564
9,265
29,829
433,422
442,687		 Fixtures
and fittings
£
9,422
9,422
4,379
1,009
5,388
4,034
5,043		 Equipment
£
8,440
8,440
5,447
598
6,045
2,395
2,993		 Total
£
481,113
481,113
30,390
10,872
41,262
439,851
450,723

Page 15

ALL NATIONS CHARITABLE TRUST

Notes to the Financial Statements for the Year Ended 31 August 2021

10 Debtors

Accrued income 2021
£
3,698		 2020
£
789

11 Creditors: amounts falling due within one year

Other loans
Other creditors
Accruals
12 Creditors: amounts falling due after one year
Other loans		 2021
£
2,705
221
1,140
4,066
2021
£
50,576		 2020
£
-
86
1,140
1,226
2020
£
-

The mortgage with Stewardship services is secured by means of a first Legal Charge over the premises at 25 Waterloo Street, Oldham, OL1 1AQ. The original term was repayable over 15 years and the balance outstanding at 31 August 2021, including the current portion, amounted to £53,281 (2020 - £Nil).

13 Pension and other schemes

Defined contribution pension scheme

The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £196 (2020 - £291).

Contributions totalling £88 (2020 - £86) were payable to the scheme at the end of the year and are included in creditors.

Page 16

ALL NATIONS CHARITABLE TRUST

Notes to the Financial Statements for the Year Ended 31 August 2021

14 Funds

Unrestricted funds
General
General Funds
Restricted funds
Poor fund
Bible school students
Ministries without borders
Specific people
Building fund
Music/PA
Recovery grant
Total funds
Unrestricted funds
General
General Funds
Restricted funds
Poor fund
Bible school students
Ministries without borders
Specific people
Building fund
Music/PA
Total funds		 Balance at 1
September
2020
£
450,883
-
-
-
10
-
-
-
10
450,893
Balance at 1
September
2019
£
483,454
-
-
-
-
-
-
-
483,454		 Incoming
resources
£
69,538
4,105
1,397
7,646
3,772
6,244
349
10,250
33,763
103,301
Incoming
resources
£
59,033
515
2,414
1,600
410
130
251
5,320
64,353		 Resources
expended
£
(94,361)
(3,685)
(1,397)
(7,646)
(3,440)
-
(349)
(5,909)
(22,426)
(116,787)
Resources
expended
£
(91,604)
(515)
(2,414)
(1,600)
(400)
(130)
(251)
(5,310)
(96,914)		 Balance at
31 August
2021
£
426,060
420
-
-
342
6,244
-
4,341
11,347
437,407
Balance at
31 August
2020
£
450,883
-
-
-
10
-
-
10
450,893

Page 17

ALL NATIONS CHARITABLE TRUST

Notes to the Financial Statements for the Year Ended 31 August 2021

15 Analysis of net assets between funds

Tangible fixed assets
Current assets
Current liabilities
Creditors over 1 year
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets		 Unrestricted
funds
General
£
439,851
40,851
(4,066)
(50,576)
426,060
Unrestricted
funds
General
£
450,723
1,386
(1,226)
450,883		 Restricted
funds
£
-
11,347
-
-
11,347
Restricted
funds
£
-
10
-
10		 Total funds
at 31
August
2021
£
439,851
52,198
(4,066)
(50,576)
437,407
Total funds
at 31
August
2020
£
450,723
1,396
(1,226)
450,893

Page 18