Charity number: 1139304
Jesus The Anointed One Church
Unaudited
Trustees' report and financial statements
for the year ended 31 March 2021
Jesus The Anointed One Church
Contents
| Page | |
|---|---|
| Reference and administrative details of the Charity, its Trustees and advisers | 1 |
| Trustees' report | 2 - 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 13 |
Jesus The Anointed One Church
Reference and administrative details of the Charity, its Trustees and advisers for the year ended 31 March 2021
Trustees
Lina Pucan Rev'd. Beatriz Dapog Arnel De Castro Bishop Arthur Gonzales (appointed 24 April 2019) Maria Inciong (appointed 24 April 2019)
Charity registered number
1139304
Principal office
The Basement 26 Royal Crescent London W11 4SN
Accountants
Kreston Reeves LLP Chartered Accountants Second Floor 168 Shoreditch High Street London E1 6RA
Bankers
Barclays Plc Leicester LE87 2BB
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Jesus The Anointed One Church
Trustees' report for the year ended 31 March 2021
The Trustees present their annual report together with the financial statements of the Charity for the year ended 31 March 2021. The Trustees confirm that the Annual report and financial statements of the Charity comply with the current statutory requires, the requirements of the charity's governing document and the provisions of the Statements of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appilcable in the UK and Republic of Ireland (FRS102).
Objectives and activities
a. Policies and objectives
The objectives of the charity are to advance the christian faith in such ways and in such parts of the United Kingdom or the world as the trustees from time to time may think fit. We also strive to relieve sickness, financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind, including the provision of counselling and support.
b. Activities undertaken to achieve objectives
The charity provides regular religious services which are open to everyone who wishes to hear the word.
c. Main activities undertaken to further the Charity's purposes for the public benefit
Praise and worship services are held every Sunday in Golders Green Parish Church Hall. Prayer meetings are conducted in the church hall and bible studies in members' homes during the weekdays. There are also annual spiritual and fellowship camps that are organised during summertime. Prayer and counselling services on matters of the christian doctrine and other personal issued are also offered.
Achievements and performance
a. Key performance indicators
The charity is currently raising sufficient funds to allow it to acquire its own premises for religious services. Therefore, the key indication is the increase in reserves from year to year.
b. Review of activities
The charity has continued to receive donations from members of the congregation even though for the majority of the year the United Kingdom was in various stages of lockdown due to the corona virus which meant that in person services were very difficult to achieve.
c. Investment policy and performance
Any spare funds are currently retained in the charity's bank account.
Financial review
a. Going concern
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. Further details regarding the adoption of the going concern basis can be found in the accounting policies. The Trustees expect the impact of Covid 19 on the activities of the Charity to be insignificant.
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Jesus The Anointed One Church
Trustees' report (continued) for the year ended 31 March 2021
b. Reserves policy
The Trustees endeavour to have sufficient reserves to continue the running of the charity for the foreseeable future. As at the 31 March 2021, the total funds were £120,821 (2020: £89,090), of which all were held in unrestricted funds.
Structure, governance and management
a. Constitution
The Charity was established by a Trust Deed dated 15 September 2010 and was registered with the Charity Commission (Charity number 1139304) on 10 December 2010.
b. Methods of appointment or election 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.
c. Organisational structure and decision-making policies
All decisions are made by the Trustees.
Statement of Trustees' responsibilities
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales 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 its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP (FRS 102);
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards (FRS 102) 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 business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and 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 Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. 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 order of the members of the board of Trustees on 16 May 2022 and signed on their behalf by:
Rev'd. Beatriz Dapog (Trustee)
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Jesus The Anointed One Church
Independent examiner's report for the year ended 31 March 2021
Independent examiner's report to the Trustees of Jesus The Anointed One Church ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2021.
Responsibilities and basis of report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the Charity has prepared the accounts 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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the accounts do 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 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.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. 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 Charity and the Charity's Trustees as a body, for my work or for this report.
Signed: Dated: 16 May 2022 Peter Hudson BA FCA
Kreston Reeves LLP Chartered Accountants London
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Jesus The Anointed One Church
Statement of financial activities for the year ended 31 March 2021
| Note Income from: Donations and legacies 2 Total income Expenditure on: Charitable activities 3 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2021 £ 36,436 36,436 4,705 4,705 31,731 89,090 31,731 120,821 |
Total funds 2021 £ 36,436 36,436 4,705 4,705 31,731 89,090 31,731 120,821 |
Total funds 2020 £ 38,524 |
|---|---|---|---|
| 38,524 | |||
| 33,264 | |||
| 33,264 | |||
| 5,260 | |||
| 83,830 5,260 |
|||
| 89,090 |
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 7 to 13 form part of these financial statements.
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Jesus The Anointed One Church
Balance sheet as at 31 March 2021
| Note Fixed assets Current assets Cash at bank and in hand Creditors: amounts falling due within one year 7 Net current assets Total net assets Charity funds Restricted funds 8 Unrestricted funds 8 Total funds |
123,461 123,461 (2,640) |
2021 £ - 120,821 120,821 - 120,821 120,821 |
91,620 91,620 (2,530) |
2020 £ |
|---|---|---|---|---|
| - 89,090 |
||||
| 89,090 | ||||
| - 89,090 |
||||
| 89,090 |
The financial statements were approved and authorised for issue by the Trustees on 16 May 2022 and signed on their behalf by:
Rev'd. Beatriz Dapog
(Trustee)
The notes on pages 7 to 13 form part of these financial statements.
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Jesus The Anointed One Church
Notes to the financial statements for the year ended 31 March 2021
1. Accounting policies
1.1 Basis of preparation of financial statements
The financial statement have been prepared in accordance with the Charities SORP (FRS 102) - 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statement have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Jesus The Anointed One Church 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.
1.2 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
For legacies, entilement is taken as the earlier of the date on which either: the Charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipts of a legacy, in whole or in part, is considered probable when the amount can be measured reliably and the Charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the Charity, or the Charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.
Donated services or facilities are recognised when the Charity has control over the item, any conditions associated with the donated item is probable and that economic benefit can be measured reliably. In accordance with the charities SORP (FRS 102), the general volunteer time of the Friends is not recognised and refer to the Trustees' report for more informatio about their contribution.
On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the Charity which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
1.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
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Jesus The Anointed One Church
Notes to the financial statements for the year ended 31 March 2021
1. Accounting policies (continued)
1.3 Expenditure (continued)
Support costs are those costs incurred directly in support of expenditure on the objects of the Charity and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the Charity and compilance with constitutional and statutory requirements.
Charitable costs are those costs incurred directly in support of expenditure on the objects of the Charity and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the Charity and compliance with constitutional and statutory requirements.
All expenditure is inclusive of irrecoverable VAT.
1.4 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
1.5 Liabilities and provisions
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.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
1.6 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
1.7 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
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Jesus The Anointed One Church
Notes to the financial statements for the year ended 31 March 2021
| 2. Income from donations and legacies Unrestricted funds 2021 £ Donations 36,436 Unrestricted funds 2020 £ Donations 38,524 3. Analysis of expenditure on charitable activities Summary by fund type Unrestricted funds 2021 £ Support costs 4,705 Unrestricted funds 2020 £ Support costs 33,264 4. Analysis of expenditure by activities Support costs 2021 £ Support costs 4,705 |
Total funds 2021 £ 36,436 |
|---|---|
| Total funds 2020 £ 38,524 |
|
| Total funds 2021 £ 4,705 |
|
| Total funds 2020 £ 33,264 |
|
| Total funds 2021 £ 4,705 |
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Jesus The Anointed One Church
Notes to the financial statements for the year ended 31 March 2021
4. Analysis of expenditure by activities (continued)
| Support | Total | |
|---|---|---|
| costs | funds | |
| 2020 | 2020 | |
| £ | £ | |
| Support costs | 33,264 | 33,264 |
Analysis of support costs
| Property rent Sundry Insurance Governance costs Office costs Travel Subsistence Property rent Sundry Grants payable Governance costs Independent examiner's remuneration Fees payable to the Charity's independent examiner for the independent examination of the Charity's annual accounts |
Activities 2021 £ 2,500 686 179 1,340 4,705 Activities 2020 £ 722 1,215 345 28,787 728 177 1,290 33,264 2021 £ 1,290 |
Total funds 2021 £ 2,500 686 179 1,340 |
|---|---|---|
| 4,705 | ||
| Total funds 2020 £ 722 1,215 345 28,787 728 177 1,290 |
||
| 33,264 | ||
| 2020 £ 1,240 |
5. Independent examiner's remuneration
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Jesus The Anointed One Church
Notes to the financial statements for the year ended 31 March 2021
6. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2020 - £NIL).
During the year ended 31 March 2021, no Trustee expenses have been incurred (2020 - £NIL).
7. Creditors: Amounts falling due within one year
| Trade creditors Accruals |
2021 £ - 2,640 2,640 |
2020 £ 1,230 1,300 |
|---|---|---|
| 2,530 |
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Jesus The Anointed One Church
Notes to the financial statements for the year ended 31 March 2021
8. Statement of funds
Statement of funds - current year
| Unrestricted funds General Funds - all funds Statement of funds - prior year Unrestricted funds General Funds - all funds |
Balance at 1 April 2020 £ 89,090 Balance at 1 April 2019 £ 83,830 |
Income £ 36,436 Income £ 38,524 |
Expenditure £ (4,705) Expenditure £ (33,264) |
Balance at 31 March 2021 £ 120,821 |
|---|---|---|---|---|
| Balance at 31 March 2020 £ 89,090 |
9. Summary of funds
Summary of funds - current year
| General funds Summary of funds - prior year General funds |
Balance at 1 April 2020 £ 89,090 Balance at 1 April 2019 £ 83,830 |
Income £ 36,436 Income £ 38,524 |
Expenditure £ (4,705) Expenditure £ (33,264) |
Balance at 31 March 2021 £ 120,821 |
|---|---|---|---|---|
| Balance at 31 March 2020 £ 89,090 |
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Jesus The Anointed One Church
Notes to the financial statements for the year ended 31 March 2021
10. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Current assets Creditors due within one year Total |
Unrestricted funds 2021 £ 123,461 (2,640) 120,821 |
Total funds 2021 £ 123,461 (2,640) |
|---|---|---|
| 120,821 |
Analysis of net assets between funds - prior year
| Current assets Creditors due within one year Total |
Unrestricted funds 2020 £ 91,620 (2,530) 89,090 |
Total funds 2020 £ 91,620 (2,530) |
|---|---|---|
| 89,090 |
11. Related party transactions
The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Charity at 31 March 2021.
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