## **AARON CHAUDHARY MINISTRIES** ## **FINANCIAL STATEMENTS** ## **FOR** ## **30 APRIL 2022** **Charity Number 1140899** ## **ROBIN DILLAMORE LIMITED** Chartered Accountants and Business Advisers The Melbourne Centre Melbourne Road, Blacon Chester, CH1 5JQ ## **AARON CHAUDHARY MINISTRIES** ## **FINANCIAL STATEMENTS** **YEAR ENDED 30 APRIL 2022** |**CONTENTS**|**PAGES**| |---|---| |Legal and administrative information|**1**| |Report of the trustees|**2 to 6**| |Report of the independent examiner|**7**| |Statement of financial activities|**8**| |Balance sheet|**9**| |Notes to the financial statements|**10 to 15**| **Page 1** ## **AARON CHAUDHARY MINISTRIES** ## **CHARITY INFORMATION** |**Charity number**|1140899| |---|---| |**Governing instrument**|Declaration of trust dated 29thJanuary 2011| |**Working name**|New Generation Church| |**Trustees**|Mr A Chaudhary| ||Mrs M Chaudhary| ||Mr D Jarvis| ||Mr T Pinder| ||Mrs P Pinder| |**Business address**|19 Forster Close| ||Newton Aycliffe| ||County Durham| ||DL5 4XJ| |**Independent examiner**|A C R Benjumea MA ACA| ||Robin Dillamore Limited| ||Chartered Accountants and| ||Business Advisers| ||The Melbourne Centre| ||Melbourne Road, Blacon| ||Chester CH1 5JQ| |**Primary bankers**|Barclays Bank plc| ||45-49 Beveridge Way| ||Newton Aycliffe| ||County Durham| ||DL5 4DT| **Page 2** ## **AARON CHAUDHARY MINISTRIES** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2022** ## **Introduction** The Trustees of the charity which was established on the 29[th] January 2011 and registered on the 29[th] March 2011 present their report for the year ended 30[th] April 2022. ## **Objectives and Activities** ## **Principle aims and objectives** The advancement of the Christian faith in accordance with the Articles of Belief in the United Kingdom, Europe and elsewhere, as the trustees from time to time think fit. The relief of those who are in conditions of need, hardship and distress, or who are sick, as the trustees from time to time think fit. The provision and advancement of education based on Christian principles, as the trustees from time to time think fit. ## **Strategy** Our strategy for achieving these objectives have been consistent since the ministry was first established: 1. To present the truths of the Gospel of Jesus Christ and the teachings of the Christian faith in a way that is relevant in today’s culture. 2. To build a Christ-centred and Bible based church based in the north-east of England able to serve the local community, our region, the United Kingdom and beyond. 3. To encourage members of the church to - a. Commit to regular church attendance. - b. Connect relationally in some aspect of Church life in a small group or as part of a team. - c. Serve in some capacity thereby adding value to other people, and contributing to the life, health and expression of the Church. - d. Accept responsibility for personal growth and spiritual development in their daily life, and to encourage others to do the same. - e. Contribute financially in support of the vision and mission of the church according to Biblical stewardship principles. ## **Principle Activities** At the beginning of the period under review, the usual activities carried out by the church were still affected by the covid-19 pandemic and government restrictions at the time. However, the new opportunity this presented of taking church online had become well established and will remain a means of fulfilling the charity’s objectives to advance the Christian faith and present the Gospel of Jesus Christ to a much wider audience. The good news is that reports continue to come in of people being impacted by watching the church services online from around the United Kingdom and beyond. In-person Sunday services resumed on Sunday 23[rd] May and followed government guidelines for places of worship with the need for social distancing and the wearing of masks. For everyone who was able to attend it was a joy to be ‘back in the building’. As soon as it was possible to do so, normal service resumed with the lifting of these restrictions. **Page 3** ## **AARON CHAUDHARY MINISTRIES** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2022** Small group gatherings followed a similar pattern, however some of these now have the option of alternating between meeting in-person and online. ## **Public benefit** The charity trustees have complied with their duty in section 17(5) of the 2011 Charities Act to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers and duties. The activities mentioned above demonstrate this. ## **Achievements and performance** It was apparent that some people had been negatively impacted by the challenge of the pandemic and found the in-person gatherings difficult. It was important not to exclude these by rushing to making everything as it used to be, but rather to care pastorally and take everyone on a journey they were comfortable with. Services were held at our largest location in Newton Aycliffe. It was exciting to see how many new people had connected to the church online and had decided to make it their church. And as well as committing to regular attendance, in a very short period of time, many were part of a small group, committed to serving on a team, and contributing financially to support the vision and mission of the church. During this period a new ministry was launched. REACH is the care and outreach ministry of New Generation Church, providing pastoral care and practical support for people within the church, and reaching into the local community. The intention is to develop strategic partnerships with national and international organisations to: support the persecuted church; take the gospel to those who need it, and provide humanitarian aid (it is hoped that this will include bringing clean drinking water to third world communities). ## **Review of financial activities** The charity’s income was through tithes and offerings from church attendees and supporters of the ministry. Total income was £142,304 during the year, and total expenditure was £116,881 leaving a surplus of £25,423. The charity does not hold fundraising events. The main areas of expenditure were church running costs, ministry fees, expensed equipment purchases, and donations to individuals and organisations whose objectives are the same as the charity’s. Donations to other organisations and individuals in furtherance of the charity’s objectives totalled £11,878. This included support for a church receiving refugees fleeing from Ukraine following the Russian invasion; organisations supporting the persecuted church and Christians in Afghanistan following the Taliban takeover; support for a family known to the trustees who were going on mission to South America, and retired ministers of the Gospel. We are pleased with the results for the year ended 30[th] April 2022 and the charity is in a healthy financial position. **Page 4** ## **AARON CHAUDHARY MINISTRIES** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2022** ## **Reserves** The charity ended the year with reserves of £241,363. It is the intention of the trustees to build the level of reserves to cover a minimum of six months of activities and provide for future projects designated by the Church Leadership and Trustees including the purchase of buildings and lands. ## **Plans for the future** Our mission and the objectives that underpin our plans for the future remain constant, that is to take the truths of the Gospel of Jesus Christ and the teachings of the Christian faith and communicate them in a way that is relevant to the days in which we live. The objectives for the future are to build on our strengths, strengthen our weaknesses, grow from our experiences, and to see increase in the numbers of people entering into a relationship with Jesus Christ. We seek to double our attendance and see an increase in the numbers of people actively involved in Church life—either by joining a team and/or be part of a mid-week small group. We will continue to host Heart & Soul Nights to celebrate our achievements and acknowledge individual efforts and expressions of our values. And Team Nights will be used to communicate vision and culture with the understanding that this creates a pathway for individuals to grow personally. We have learned that working in a healthy environment with others fosters unity, increases individual capacity, and develops leadership potential. And coupled with the personal development of Bible based attitudes, beliefs and skills, we believe this will enable each individual to fulfil their God-given potential and to lead in every sphere of life. We aim to create an environment for people in our Church to grow in their faith, to become mature as Christians, with a clear understanding of the Bible and how it applies to everyday life, in the hope that they will encourage others to do the same. ## **Structure, governance and management** The charity is registered in England and Wales (registered number 1140899). Day to day management and decision making is vested in the leadership team led by the senior pastors. The trustees have exercised due regard to the public benefit guidance published by the Charity Commission and the current Trustee body is diverse with varying skills and knowledge to ensure due diligence. The board consist of five trustees who are locally based. Four Trustees have been on the board since the establishment of the charity. All trustees are in agreement with the Doctrines and Articles of Belief and wholeheartedly support the objectives of the charity. The trustees meet to review progress, discuss current issues and implement best practice using up-to-date information. ## Trustee training: No training has been provided with regards to the roles and responsibilities of a trustee, however the aim is to provide each one with a trustee pack containing information on the charity, roles and responsibilities of a Trustee in relation to governance requirements under Charity Law. **Page 5** ## **AARON CHAUDHARY MINISTRIES** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2022** ## **Risk assessment** The major risks to which the charity is exposed, have been identified by the trustees and systems have been established to mitigate them. The risks are in the following categories: - Governance risks - Operational risks - Financial risks - Law and regulation compliance risks These risks have been mitigated with the following actions: - The appointment of diversely skilled individuals to the Board of Trustees - The appointment of appropriately skilled individuals in areas of leadership. - Separation of authority to approve online banking transactions. - Regular reporting of areas of risk to the Church leadership team. - Engagement of external professional advice on significant issues. - Review of policies and procedures. The charity has the infrastructure in place to continue with its mission to advance the Christian faith through the pronouncement of the Gospel of Jesus Christ and the building of His Church in the north-east region of England, the United Kingdom and beyond. Page 6 AARON CHAUDHARY MINISTRIES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2022 Trustees responsibilities Charity law requires the Iruslee5 to prepare financial statements for each financial year which give a Irue and fair view of the slate ol affairs ol the charity al the year end and of rts Incoming resources and resources expended during that year. In prepariry those Iinancial statements, the Iruslees are required lo. select suitable accounting policies and then apply them consislenlly.. rnake judgernents and èsbmates that are reasonable and Pfu¢enl". stale whether applicable accounting slanclards and sialemenls OF recommended practice have been followed subject to any departures disclosed and explained in the financial slatemenls." prepare the financial slatements on the going Concern basis unless 11 is inappropriate lo presurrE that the charity wll continue in business, The trustees are responsible for keeping Pfoper accountsng records which disclose with reasonable accuracy al any lime Ihe financial position of the charity and enable them lo ensure that the finar>cial slalements comply wlh the Charities Act 2011 They are also responsible for safeguarcjing the assets of the charity and he￿￿ for taking reasonable steps for the prevent￿￿ and (Jetect￿n ol fraud and other Irregularities. report was approved by the trust*s on 21.. February 2023 and signed on their behaN by.. Thi Mr A Chaudhary Trustee **Page 7** ## **AARON CHAUDHARY MINISTRIES** ## **REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES** ## **YEAR ENDED 30 APRIL 2022** I report on the accounts of the Trust for the year ended 30 April 2022, which are set out on pages 8 to 15. ## **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. It is my responsibility to: - examine the accounts under section 145 of the Charities Act; - 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 - to state whether particular matters have come to my attention. ## **Basis of independent examiner’s report** My examination was carried out in accordance with the 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 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. ## **Independent examiner’s statement** In connection with my examination, no matter has come to my attention: 1. which gives me reasonable cause to believe that in any material respect the requirements: - to keep accounting records in accordance with section 130 of the Charities Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. …………………………………………. A C R Benjumea – Chartered Accountant Date: ……. February 2023 28th The Melbourne Centre, Melbourne Road, Blacon, Chester CH1 5JQ **Page 8** ## **AARON CHAUDHARY MINISTRIES** ## **STATEMENT OF FINANCIAL ACTIVITIES** ## **YEAR ENDED 30 APRIL 2022** |||Unrestricted|Restricted|**Totals**|Totals| |---|---|---|---|---|---| |||Funds|Funds|**2022**|2021| ||**Note**|£|£|**£**|£| |**INCOME AND ENDOWMENTS FROM**|||||| |Income from generated funds|||||| |Donations and legacies|**2**|139,956|1,900|**141,856**|102,777| |Income from Investments||106|-|**106**|208| |Other income||342|-|**342**|48| |||───|───|───|───| |**TOTAL INCOME AND ENDOWMENTS**||140,404|1,900|**142,304**|103,033| |||───|───|───|───| |**EXPENDITURE ON**|||||| |Charitable activities|||||| |Grants payable|**3**|11,878|-|**11,878**|1,814| |Costs of activities|**4**|83,510|-|**83,510**|58,620| |Support costs|**5**|21,493|-|**21,493**|25,101| |||───|───|───|───| |**TOTAL EXPENDITURE**||116,881|-|**116,881**|85,535| |||───|───|───|───| |**NET INCOME/(EXPENDITURE)**|||||| |**FOR THE YEAR**||23,523|1,900|**25,423**|17,498| |Transfer of funds||-|-
|-|-| |||───|───|───|───| |Net movement in funds for the year||23,523|1,900|**25,423**|17,498| |Balances brought forward||215,940|-|**215,940**|198,442| |||───|───|───|───| |Balances carried forward||239,463|1,900|241,363|215,940| |||───|───|───|───| The charity has no recognised gains or losses other than the results for the year as set out above. All of the activities of the charity are classed as continuing. **The notes on pages 10 to 15 form part of these financial statements.** Page 9 AARON CHAUDHARY MINISTRIES BALANCE SHEET 30 APRIL 2022 Note 2022 2021 FIXED ASSETS TangstAe assets 17380 17.486 CURRENT ASSETS Debtors Cash at bank and in haTr 10 11.865 213.018 7.686 191.￿8 224883 199,254 CREDITORS: amounts falling due within one year 11 18001 18001 NET CURRENT AssErs 224,083 198,454 ASSETS 241,363 215.940 FUNDS Unrestricted hJnds General reserve Designated fvnd Restr￿e￿ lunds 236.310 3,1 $3 1.900 212,749 3,191 TOTAL FUNDS 241.363 215,940 These financial stalements weré approveCurrent year|**800**|800| |`o`
Previous year|**-**|-| |Professional fees|**-**|-| ||───|───| ||**800**|800| ||____|____| ## **7. TRANSACTIONS WITH TRUSTEES** During the year, two trustees, received ministry by way of ministry fees. Mr A Chaudhary, received remuneration by way of ministry fees and a pension contribution totalling £40,320 (2021 - £37,825), and Mrs M Chaudhary received remuneration by way of a ministry fee totalling £10,750 (2021 - £4,125). One trustee, Mrs P Pinder was reimbursed for purchases made on behalf of the charity totalling £797 (2021 - £1,643). No other payments were made to trustees during the year. The trustees donated a total amount of £23,925 during the year to the charity (2021 - £20,645). **Page 13** ## **AARON CHAUDHARY MINISTRIES** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **YEAR ENDED 30 APRIL 2022** ## **8. STATEMENT OF FUNDS** ||At 1 May||||At 30 April| |---|---|---|---|---|---| ||2021|Income|Expenditure|Transfers|2022| ||£|£|£|£|£| |**Unrestricted funds:**|||||| |General reserve|212,749|138,824|(115,263)|-|236,310| |Designated fund (NGC)|-|-|-||-| |Designated fund (ACM)|3,191|1,580|(1,618)|-|3,153| |**Restricted funds**|-|1,900|-|-|1,900| ||───|───|───|───|───| |**Total funds**|**215,940**|**142,304**|**(116,881)**|**-**|**241,363**| ||───|───|───|───|───| Restricted funds income is for donations specifically to support work in the Ukraine. These were distributed in 2022/23. ## **9. TANGIBLE FIXED ASSETS** ||**Computer**|**Church**|**Motor**|| |---|---|---|---|---| ||**equipment**|**equipment**|**Vehicles**|**Total**| ||**£**|**£**|**£**|**£**| |**Cost**||||| |At 1 May 2021|13,559|50,810|-|**64,369**| |Additions||9,332|-|9,332| |Disposals|-|(1,391)|-|(1,391)| ||───|───|───|───| |At 30 April 2022|13,559|58,751|-|72,310| ||───|───|───|───| |**Depreciation**||||| |At 1 May 2021|11,273|35,610|-|**46,883**| |Charge for the year|1,253|8,285|-|9,538| |Disposals|-|
(1,391)|-|(1,391)| ||───|───|───|───| |At 30 April 2022|12,526|42,504|-|**55,030**| ||───|───|───|───| |**Net book values**||||| |At 30 April 2022|1,033|16,247|-|**17,280**| ||───|───|───|───| |At 30 April 2021|2,286|15,200|-|**17,486**| ||───|───|───|───| |**10.**|**DEBTORS**||| |---|---|---|---| |||**2022**|2021| |||**£**|£| ||Income tax recoverable|**11,814**|7,626| ||Other debtors|**51**|60| |||───|───| |||**11,865**|7,686| |||───|───| **Page 14** ## **AARON CHAUDHARY MINISTRIES** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **YEAR ENDED 30 APRIL 2022** ## **11. CREDITORS: amounts falling due within one year** ||**2022**|2021| |---|---|---| ||**£**|£| |Accruals and deferred income|**800**|800| ||───|───| ## **12. STATEMENT OF CASH FLOWS** |Cash flows from operating activities:
**Net cash provided by (used in) operating activities**
Cash flows from investing activities:
Dividends, interest and rents from investments
Proceeds from the sale of property, plant and equipment
Purchase of property, plant and equipment
Proceeds from sale of investments
Purchase of investments
**Net cash provided by (used in) investing activities**
Cash flows from financing activities:
Repayments of borrowing
Cash inflows from new borrowing
Receipt of endowment
**Net cash provided by (used in) financing activities**
**Change in cash and cash equivalents in the reporting**
**period**
Cash and cash equivalents at the beginning of the reporting
period
Change in cash and cash equivalents due to exchange rate
movements
**Cash and cash equivalents at the end of the reporting**
**period**|**2022**
2021
Note
**£**
£
**30,732**
30,533
(Note 13)
-
-
50
80
(9,332)
(6,489)
-
-
-
-
**(9,282)**
(6,409)
-
-
-
-
-
-
**-**
-
**21,450**
(24,124)
191,568
167,444 (Note 14)
-
-
**213,018**
191,568
(Note 14)| |---|---| **Page 15** ## **AARON CHAUDHARY MINISTRIES** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **YEAR ENDED 30 APRIL 2022** ## **13. RECONCILIATION OF NET INCOME/(EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES** |**Net income/(expenditure) for the reporting period (as per the**
**statement of financial activities)**
**Adjustments for:**
Depreciation charges
(Gains)/losses on investments
Loss/(profit) on the sale of fixed assets
(Increase)/decrease in stocks
(Increase)/decrease in debtors
Increase/(decrease) in creditors
**Net cash provided by (used in) operating activities**|**2022**
2021
**£**
£
**25,423**
17,498
9,538
10,119
-
-
(50)
1,520
-
-
(4,179)
2,196
-
(800)
**30,732**
30,533| |---|---| ## **14. ANALYSIS OF CASH AND CASH EQUIVALENTS** |Cash in hand
Notice deposits (less than 3 months)
Overdraft facility repayable on demand
**Total cash and cash equivalents**|**2022**
2021
**£**
£
213,018
191,568
**-**
-
**-**
-
**213,018**
191,568| |---|---|