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← Crossover Chapel International

2024-03-31-accounts

CROSSOVER CHAPEL INTERNATIONAL

TRUSTEES REPORT AND ACCOUNTS

31[ST] MARCH, 2024

Prepared by: Kaxton Advisory

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CROSSOVER CHAPEL INTERNATIONAL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED3 MARCH, 2024.
The trustees of the charity present their report with the financial statements of the charity
for the year ended 3. March, 2024. The trustees have adopted the provisions of the
Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities!
issued in March 2005.
REFERENCE AND ADMINISTRATIVE DETAILS:
Registered Charity Number: 1135938
Registered Office: 21 Whimbrel Close
Thamesmead,
London.
SE28 8HX
Trustees:
Pastor Bismark Asiamah Trustee (Chairman)
Miss Phyllis Nkuah Mensah Trustee
Mr Patrick Bemia Buah Trustee
Mrs Christiana Addo Asiamah Trustee
Independent Examiners:
Kaxton Advisory Ltd
Suite 6
The Generator Business Centre
Surrey
CR4 3FH
Bankers:
Barclays Bank
Woolwich,
Leicestershire
LE87 2BB
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STRUCTURE, GOVERNANCE AND MANAGEMENT:
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Governance

The church is governed by a Constitution and the Church Council, as defined by the Charities Act 2011. Membership of trustee board: The trustees of the charity are also voluntary trustees for the purposes of charity law and under the charity's Constitution are known as members of the Trustees Board.

Induction and training of trustees

All trustees are familiar with the practical work of the church and have undertaken training to support their role.

Organizational structure

The Trustee Board meets quarterly, and a quarterly church feedback report is given at each meeting. The Pastor has the responsibility for the day to day operational management of the church supported by the Assistant Pastor elected.

Risk management The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Internal control risks are minimized by the implementation of procedures for authorization of all transactions and projects. Procedures and risk assessments are in place to ensure compliance with Health and Safety of volunteers; members; children; and visitors to the church.

OBJECTIVES AND ACTIVITIES:

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|||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Objectives|- For|the Benefit of|the|public| |a)|To|advance|the|Christian|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| |fit.| |b)|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| |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.|

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ACHIEVEMENTS AND PERFORMANCE:
Achievements:
a) The church maintained its multi-cultural 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 but membership has grown tremendously.
c) Moral and spiritual guidance by guidance and counseling by special prayers for the
community and especially the youth within.
d) We donated Bibles and Bible story books to the children and youth of the church
throughout the year.
e) The church continues to support the spiritual and physical needs of the community as
a whole.
f) Active evangelism within the ministry to 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 orphanage’s and support a lot of mission work.
FINANCIAL REVIEW:
Church Finances:
The church finance committee was responsible for the financial planning during the year.
The church was able to raise £97,381 within the year. The total expenditure for the
periods was £93,767 which resulted in a surplus of £3,614.
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srATEMENT OF TRUSTEES RFSPoNSIBIL￿1F The thIAeeS are Yes[￿￿ible for pYeparin8 the financial sthlements in f&C(rd￿¢¢ with a￿lI¢•bk law and United Kingdom Gcnernlly Acttmed Accounting Prxtiex (UK GAAP). Charity law rquires the Irusiees to prepare financial staiements for each financial year. Under that law the trustees have elected io prepare the financial 51atemcnts in accordanc¢ with the United Kingdom Generally Accepted Accounting Practice {Uniied Kingdom Accounting Stsndards and applicable law). The financial stsiements are requird by law to give a and fair view ofthe state of alTairs of the charitable company and of the surplus ordeficit ofthe charitabl¢ cThnpany fv that puiod. In preparing those financial slatemen the truaees are required to l. Select suitsble ￿)UntIng policies and then apply them consistently: 2. Make judgments and C￿lMaleS that are reasonable and prudent. 3. Prepare the fmancial sLqtements on the going concern basis unless it is inappwte to presume that the charitable company will ￿ntinUe in business. The trustres are r¢s￿nSIble for kttping proper accounting records which disclose with reasonable a¢curxy at any time the financial y)sition of the chariLqble company and to enable them kn ensure that the fmancial statements c(Mnply with the Charitics Act 2011. They at also restK)nsible for safeguarding the assets of the charity and hence for tsking reasonable • for the prevention and detsction of fraud and other irregularitie SrATEmE￿ AS TO DISCU>SURE OF INFORMATION TO INDEPENDENT So far as the t￿￿¢¢$ are aware. there is no relevant inforn)ation of which the charity's independent examiners are unawar4 and each trustee has tsken all the steps that they ought lo have taken as a trustee in order to make them awa￿ of any examination inforniation and lo estsblish that the charity's indq)athnt examiners are awar¢ of that ioforn)aiion. INDEPENDE￿ EXAMINERS The inder￿de￿ e￿lMinerS Kaxlon Advisory Ltd., will be proposed for r¢-appointment at the fi)rthc{￿ing Annual GaKral Meeting. (h Behalf of th¢ Trustees Board: Rev. Biimark kniamah 2* Aug￿ 2024.

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CROSSOVER CHAPEL INTERNATIONAL

I report on the accounts of the Church for the year ended 31[st] March 2024 which comprise the Statement of Financial Activities, the Balance Sheet and related notes set out on pages 9 to12. This report is made solely to the Trustees Board in accordance 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 I am required to state to them in an Independent Examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Church and the Church’s trustees for my examination work.

Respective responsibilities of Trustees and Examiner

The Church’s trustees are 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:

Basis of Independent Examiner'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. 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 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.

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Independent Examiner's Statement In conncction with my cxamination. no matter has come to my attention: l. Which gives mc rcasonable cawse 10 believe thai in any material respcci the requircmcn O- lo keep accounting records in accordance with Section 130 of the Charities Acl :and to prL'pare accounis which accord wilh ihe accouniing records and ¢omply with the accounting rcquir¢mciils ol. Ihc Charitics Act hav¢ not bcen m¢i: or 2. to which, in my opinion, atl¢ntion should be drawn in order io enable a proper understanding of ihe accounts to be reached. EI¥I%IAN'UEL ASHILEY. i¥ISc. ACCA KAXTON ADVISORY LTD SUITE 6 'I'IIE GE.YERATOR BUSINESS CENTRE .SURREY CR4 3FH Kaxton Advisory Signed:.................................

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Note
INCOMING RESOURCES 2
Voluntary Income 80,744 - 80,744 81,644
Other Income 16,637 - 16,637 20,052
Total 97,381 - 97,381 101,696
RESOURCES EXPENDED 3
Charitable Expenditure:
Administration & Management 93,767 - 93,767 94,987
Total 93,767 - 93,767 94,987
-
Net Incoming Resources 3,614 3,614 6,709
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CROSSOVER CHAPEL INTERNATIONAL
BALANCE SHEET AS AT 31ST MARCH 2024 /
ee eee
2024 2023
Note t t
Non-Current Assets
Property Plant and Equipment 5 3,454 2,665
——
2,665
——
Current Assets
Bank (Barclays) 17,352 18,962
Le
17,352 18,962
eee
Creditors: Amount falling due within 1 year 4 598 598
Net Current Assets LT 16.754 18,364
Non-Current Liabilities
Loan 10,040 14,623
SeenEe
Net Assets ————————————__ 10,168 6,406
Funds
General 10,168 6,406
———
10,168 6,406
3,454
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Approved by the Board Council on ............27/8/2024........................ And signed on its behalf by

Pastor Bismark Asiamab {Pastor in Charge)

( ...............

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NOTES TO THE FINANCIAL STATEMENTS: l. AccouNnNG pouaES The financial statements have been prepara in aCCo￿ance with applicable accounting standanls and the Charities SORP. Basls of Accountlng: The fmancial statements have been prepared under the historical cost convention except for the valuation of investment &ssets, which are show at market value. The financial statements include all tTat]sactions, assets and liabilities for which the Church Council is responsible in law. They do not include the accounts of church grnups that owe their main aifiliation to another ￿tY nor those that are infornial gatherings of church members. Incoming Rewurces: All incorning resources are included in the statement of financial activities when the Ch￿lty is entitled to the income and the amount can be quantifi￿1 with reasonable accuracy. The following specific policies ar¢ applied to particular categories of income. Voluntary Income is received by way of collection of alms. tithes. special appeal for funds, donations and gifts and is included in fidl in the ststement of financial activities when receivable. Grants where entitlcmcnt is not conditional on the dclivery of specific perforn]ance by the charity are recognized when the charity becomes unconditionally entitled to the grant. Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not b¢¢n includcd. Gifts donated for resale are included as incoming ￿urCeS within the activities for generdting fimds when they are sold. Incomc from investment is included in the year in which it is receivable. Resources Expended: Expenditure is recognized on the accrual basis as a liability is incu￿ed. Expenditure included any VAT which cannot be fully Mvere(L and is ryrted as part of the expenditure to which it relates. Costs of generating funds comprise the costs associated with attracting voluntary income and costs of trading for fundraising pu4)oses including the charity's shop. Charitable expenditure comprises of those costs in¢uff¢d by the Ch￿lty in the delivery of its activities and Se￿iceS for its beneficiaries. It includcs both costs that can bc allocated directly to such activities and those costs of an indirect nature nec￿ary to support them. Governance costs are those costs incuntd in support of expenditure on the objects of the Charity and include project management.

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NOTES TO THE FINANCIAL STATEMENTS - 31ST MARCH, 2024

2. INCOMING RESOURCES

Voluntary Income
General Fund
Tithe/Offering
Annual Harvest
Thanks Giving
Pledges
Welfare
Pastoral Care Donations / Children's Ministry
Other Donation
Other Income
Total		 2024
2023
General
Funds
Total
Funds
Total
Funds
33,451
33,451
32,121
16,668
16,668
4,229
5,395
5,395
6,622
2,950
2,950
8,250
9,589
9,589
9,667
1,892
1,892
5,124
10,797
10,797
15,630
16,637
16,637
20,052
97,381
97,381
101,696
97,381
97,381
101,696

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NOTES TO THE FINANCIAL STATEMENTS - 31ST MARCH, 2024

3. RESOURCES EXPENDED:

Rent/ Rates
Donations
Pastoral Support
Accountancy Fees
Repairs & Renewals
Travel & Transport/Fuel
Insurance
Radio Ministry
Council Tax
Stationery/postage
Administration Cost
Evangelism
Instrumentalist
Honararium
Social Activities
Professional Fees
Youth and Children Program
Depreciation
Utility
Mission/Oprhanage		 2024
2023
Management &
Admin
Management &
Admin
£
£
33,200
29,900
12,150
18,485
3,100
2,350
598
598
488
320
746
596
2,576
650
7,194
5,015
700
998
1,523
1,985
1,444
1,078
4,520
1,370
2,940
4,006
2,593
2,100
4,538
3,060
1,000
7,513
1,592
2,160
2,861
3,287
2,850
1,450
7,154
8,067
93,767
94,987

4. CURRENT LIABILITIES

Accrued - Accountancy Fee
Accrued - Independent Examination		 299
299
299
299
598
598

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NOTES TO THE ACCOUNTS - 31ST MARCH 2024

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5 : NON CURRENT ASSETS

Cost
Additions
Disposal
Balance as at 31st March 2024
20%
Depreciation
20.00%
As at 1st April 2023
20.00%
Charge for the year
Balance as at 31st March 2024
Net Book Value
As at 1st April 2023
As at 31st March 2024		 PA
System
Musical
Equipment
£
£
£
3,812
12,859
1,450
-
3,650
-
-
-
3,812
12,859
5,100
3,811
10,197
1,449
-
2,572
289
3,811
12,769
1,738
1
2,662
1
1
90
3,362		 Van
Total
£
£
2,450
20,571
-
3,650
-
-
2,450
24,221
2,449
17,906
-
2,861
2,449
20,767
1
2,665
1
3,454

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