CII0SSOV1[ CHAPEL INTERINATIONAL TRUSTEES REPORT AND ACCOUNTS 31ST MARCH, 2023 Pr•P•rtd by. Kaxton Advisory CROSSOVER CHAPEL INTERNATIONAL 21 WHIMBREL CLOSE THAMESMEAD LONDON SE28 8HX
CROSSOVER CHAPEL INTERNATIONAL REPORT OF THE TRUSTEES FOR ThE YEAR ENDED 31sf MARCH, 2023. The trustees of th¢ charity present their rqrt with the financial stat¢m¢nts of the charity for the year ended 31° March. 2023. The truslees have adopted the provisions of the Statement of Re¢ommendcd Practice (SORP) 'Accounting and Reporting by Charities, issued in March 2CK)5. REFERENCE AiYD ADMINISTRATIVE DETAILS: Registered Charity Number: 1135938 Registered Office: 21 Ivhimbrel Close London. SE28 8HX Trustees: Pastor Bismark Asiamah Mi55 Phyllis Nkuah Mensah Mr Patrick Bemia Buah Mt5 Christiana Addo Asiamah Trustee (Chainnan) Ttee Tntee Independent Examiners: Kaxlon Advisory Ltd Suite 6 The Geoer4tor Busin8 Centre Surrey CR4 3FH Bankers: Barclays Bank Woolwich. Leicestet5hiTe LE87 2BB
STRUCTURE, GOVERNANCE AND MANAGEMENT: Governance The church is governed by 8 Constitution and the Church Council, as defined by the Charities Act 2011. Membershlp of trnstee board: The trustees of the charity are also voluntary trnstees for the purpo$ of charity law and under the charily's Constitution are known as members of the Trustees Board. Induetlon and tralnlng of trustees All trustees are familiar wilh the practlC81 work of the church and have undertaken trainin8 to support thelr role, Organlzallonal structure The Trnslee Board meets quarterly. and a quarterly church feedback report is given at each meetin¥. The Pastor has the responsibility for the day io day operational management of the church supported by the A8SiStant Pastor elected. Rlsk management The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate conlrols are in place to Provide reasonable assurance against fraud and error. Internal control risks are minimized by the implementation of procedures for aulhorization of all tTall5actions and projects. Procedures and risk assessments are in place to ensure compliance with H¢alth and Safety of volunteers. members; children; and visitors lo the church, oBJEIVEs AND ACTIVITIES: Objeclives- For the Beneflt of ihepubllc a) To advance thc Chjistian faith in accordance with the Statement in such ways in such parts of the United Kingdom or the world as the Church Council from time to time may deem b) To relieve sickness and financial hardship and to promote and preserve go(Kl health by the provision of funds. 8oods or services of any kind including through the provision of counseling and support in such ways in such parts of the United Kingdom or the world as the Church Council from time to time may deem fit c) To advance education in such ways in such parts of the United Kingdom or the world as the Church Council from time to time may deem fit.
ACHIEVEMENTS AND PERFORMANCE: Achievements.. a) The church maintained its multi-¢ultural status. Congregants are made of multi-racial people. b) The Chapel as a Pentecostal Evangelical Bible believing Church based in England, which started very small bul membership ha5 grown Iremendously. c) Moral and spiritual guidance by guidance and counseling by special prayers for the ommunity and especially the youth within. d) We donated Bibles and Bible Story books to the ¢hildren and youth of the chUb throughout the year. e) The ¢hur¢h continues to support the spiritual and physical needs of the community as a whole. Activc evang¢lism within the ministy lo win more souls for the Lord's kingdom. g) The church continuous to use the electronic media to evangelize to the community. h) The church made donation to 0hanage'S and support a lot of mission work. FINAIYCIAL REVIEW: Church Finances.. The church finan¢e ¢ommitte¢ was ffsponsible for the financial planning during the year. The church was able to raise £101,696 within the year. The total expenditure for the periods £94.987 which resulted in a sulUS of £Q709.
Behforth¢T 13. July. 202J, cs Camscanner
INDEPENDENf EXAMINER'S REPORT TO THE TRUSTEES OF CROSSOVER CHAPEL INTERNATIONAL I rqrt on the accounts of the chUh for the year ended 31 March 2023 whi¢h Comprise the Statement of Financial Activities, the Balance Sheet and related notes set out on pages 9 tol2. This report is made solely to the Trustees Board in acwrdance with Section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity's trustees those matters l am required to state to them in an Independent Examiner's report and for no other purpose. To the fullest extent pennitted by law, I do not accept or &8sume responsibility to anyone other than the Church and the Church's trustees for my examination work. Respeetlve responslbllltles of Trustees and Examlner The Church's trustees ar¢ responsible for the preparation of the accounts. They 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. It is my responsibility to: Examine the a¢counts (under Section 145 of the Charities Act); To follow the procedures laid down in the General Directions given by the Charity Commissioner (under Section 145(5)(b) of the Charities Act). and To state whether particular matters have come to my attention. BASIS of Independent Examln¢r's report My examination was carried out in accordance with the General Directions given by the Charity Commissioner. An examination includes a review of the accounting records kept by the Church and a comparison of the accounts presented with those records. Et also includes consideration of any unusual items or disclosure5 in th¢ account4 and seeking explanations from you as trust¢¢8 concerning any such matters. The proce4lures 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 statem¢nt below.
Independent Examiner's statement In connection with my examination, no matter has come lo my att¢nlion- l. Which givcs me rca%onable cause lo believe that in any Inaterial respect the requirements I lo kecp accounlingJ rLcords in accordance witli Seclioii 1.30 of the Charities Act ;ai)d to prepare accounts wliich acc()rd with tlie dLLiiunlin&T rccords and comply witli the acc()unliii&J rcquirL'mcnts of the Charilics ALI have not bLei) Inet; or 2. to which, in my opinion: attention should bc drawn in order lo enable a proper understandinbN of. th¢ a¢oounts to be reached. EMMANUEL ASHILEY. Msc. ACCA KAXTON ADVISORY LTD SUITE 6 THE GENERATOR BUSINESS CENTRE SURREY CR4 3FH Kaxton Advisory Signcd:I' Q2g
CROSSOVER CHAPEL INTERNATIONAL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2023 2023 2022 General Restrlrted Funds Funds Total Total INCOMING RESOURCES Voluntary Income Other Income 81,644 20,052 81,644 101,335 20,052 19,510 Totsl 101.696 101.696 120A45 RESOURCES EXPENDED Charitsble Expendlture: Admlnlstratlon & Management Total 94,987 94,987 94,987 120,428 94.987 120.428 N•t Incomlni Resources 6,709 6.709 417 Movement In Funds Net Incomlng Resources B•l•n¢e brought forward Transfers 8al•n¢e Carrl•d Forward 6,709 13031 6,709 13031 417 17201 6,406 (3031
CROSSOVER CHAPEL INTERNATIONAL BALANCE SHEET AS AT 31ST MARCH 2023 4.352 Bank (Barday5) 10.962 10255 1I9Q 1U55 14.623 19J12 Funds 4c6 1203) d tythe Bo8CoUnd on i*d oThlts behlf IT cs Camscanner
NOTES TO THE FINANCIAL STATEMENTS: I. ACCOUNTING POUCIES Th¢ finan¢ial ststements have been prepared in xcordance with applicable accounting standards and the Charities SORP. Bssls of Aeeountlng: Th¢ financial statements have been prepared under the historical cost convention except for the valuation of invcstmcnt assets. which are show al market value. The financial slatements include all transactions, assets and lihbilities for which the chUh Council is rcsponsiblc in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that arc infornwl gatherings of ¢hur¢h membern. Intomlng Resourc. All incoming resources arc included in the statement of financial activities when the chaTity is entitled to the income and the amount can bc quantified with rcasonablc accuracy. The following specific policies ore applied to particular categories of income. Volunlary Income is received by way of collection of alms. tithes, special appeal for funds, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlcment is not ¢onditional on the delivery of spe¢ifi¢ perfomiance by the ¢harity are reco8niz¢d when the chazity betomes unconditionally entitled to the 8ranL Donated serrfices and facilities are included at the value to the charity where this Can be quantified. The valu¢ of sery1 provided by volunteers has not been included. Gifts donated for resale are included as incomin8 resources within the activities for 8¢neratin8 funds when they are sold. Income from investment is included in the year in which it is rcceivablc. Resourees Expended: Expenditure is recognized on the accrual basis as a liability is incurred. Expenditure included any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Costs of generating funds comprise the costs associata with attrncting voluntary income and costs of trading for fiuMlrnisin8 purposes IlUding the charity's shop. Charitable cxpcnditurc ¢omprixs of those costs incurred by the charity in the delivery of its activities and services for its beneficiarics. Et includes both Costs thal can be all81¢d directly to such activities and those costs of an Indi¢t Dature D¢c¢ssary to support thern. Governance costs are those costs incurred ID support of cxpenditurc on the objects of the ¢haTity and include project mana8emenL
CROSSOVER CHAPEL INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS - 31ST MARCH. 2023 2. INCOMING RESOURCES 2023 Total Funds 2022 Total Funds General Funds Voluntary Incom• General Fund Titheloffering Annual Harvest Thanks Giving Pledges Welfare Pastoral Care Donations I Children's Ministy Other t)onation Other Income 32.121 32,121 4.229 4,229 6.622 6,622 4.715 8.250 8,250 20.068 9.667 9,667 5.225 5.124 5,124 3,039 15.630 15,630 24.071 20,052 20,052 19,510 101.696 101,696 120,844 38.330 Total 101,696 101,696 120,844 io
CROSSOVER CHAPEL INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS- 31ST MARCH, 2023 3. RESOURCES EXPENDED: 2023 2022 Management & Management & Admln Renv Rates Donations Pastoral Support Accountsncy Fees Repairs & Renewals Travel & TransportlFuel Insurance Radio Minlstry Council Tax Stalionerylpostsge Administratlon Cost Evangelism Instrumentslist Honararium SocAal Activities Professional Fees Youth and Chiklren Program Depreciation Utilty Missionloprhanage 29.900 18,485 2,350 32.900 13,424 5,650 598 3,450 1,678 950 7,650 1,778 1,667 1.600 6,888 7,450 3.750 5,508 2.829 3,000 3,793 2,264 13,600 320 650 5,015 998 1.985 1.078 1,370 4.006 2,100 3,060 7.513 2,160 3.287 1,450 8.067 94,987 120.428 4. CURRENT LIABILITIES Accrued - Accountsncy Fee Accrued - Independent Examination 299 299 299 299 598 li
CROSSOVER CHAPEL INTERNATIONAL NOTES TO THE ACCOUNTS - 31ST MARCH 2023 S: NON CURRENT ASSETS PA System Muslcal Equlpmont Van Cost Additlons Disposal Balance as at 31 st March 2023 3,812 11.259 1,600 1,450 2,450 18,971 1,600 3.812 12,859 1.450 2,450 20,571 D•preclatlon As at 1 st Aprll 2022 Charge for the year Balance as at 31 st March 2023 3,385 7,625 426 2,572 3,811 10,197 1,160 2,449 14,619 289 3,287 1,449 2,449 17,906 Net Book Valuo As at 1st Aprll 2022 As at 31 st March 2023 427 3,634 2,662 290 4,352 2,665 12