## **CHRIST CENTERED INTERNATIONAL CHURCH TRUSTEES' REPORT AND ACCOUNTS YEAR ENDED 31ST MARCH 2024**
**CHARITY REGISTRATION NO: 1165058**
## **CHRIST CENTERED INTERNATIONAL CHURCH FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024**
|**CONTENTS**|**PAGE**|
|---|---|
|LEGAL AND ADMINISTRATIVE INFORMATION|1|
|REPORT OF THE TRUSTEES|2-3|
|INDEPENDENT EXAMINERS REPORT|4|
|STATEMENT OF FINANCIAL ACTIVITIES|5|
|BALANCE SHEET|6|
|NOTES TO THE FINANCIAL STATEMENTS|7-8|
|DETAILED STATEMENT OF FINANCIAL ACTIVITIES|9|
1
## **CHRIST CENTERED INTERNATIONAL CHURCH LEGAL AND ADMINISTRATIVE INFORMATION YEAR ENDED 31ST MARCH 2024**
|CHARITY REGISTRATION NUMBER:|1165058|
|---|---|
|REGISTERED OFFICE:|33 Attlee Drive|
||Dartford|
||DA1 5DN|
|TRUSTEES:|Wilfredo Ricafort (Chair)|
||Mrs Teresita Ricafort|
||Charles Philip Pis-o|
||Grace concepcion Donohue|
||Kamille Shynee Ortiz|
||Zorayda Villar|
||Cecilia Marie Linzaga|
|INDEPENDENT EXAMINER|New Bond Accountants|
||Business, Charity, Church &Tax Advisors|
||4a-6a Hythe Street|
||Dartford|
||Kent|
||DA1 1BX|
2
## **CHRIST CENTERED INTERNATIONAL CHURCH REPORT OF THE TRUSTEES YEAR ENDED 31ST MARCH 2024**
The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of the Statement of Recommended Practice Financial Reporing
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
Christ Centered International Church is a Charitable Incorporated Organisation (CIO) registered on the 6th of January 2016 and
## **Risk management**
The Board of Trustees is ultimately responsible for the system of internal control and for reviewing its effectiveness. However, such a system is designed to manage rather than eliminate the risk of failure to achieve business objectives, and can only provide reasonable and not absolute assurance against material misstatement of loss.
The Board has reviewed the effectiveness of the system of internal control. In particular, it has reviewed and updated the process for identifying and evaluating the major risks affecting the business and the policies and procedures by which these risks are managed.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and Aims**
The Charity's Objects are, for the benefit of the public:-
- 1) The advancement of the Christian religion;
- 2) To promote the work of the Church within the community and assisting those in need
3) The furtherance of the charitable work of the Charity by the advancement of such other charitable purposes as the Trustees shall from time to time decide.
## **Significant activities**
During the year the Charity has been compliant in the execution of its public benefit responsibilities by supporting other Churches in the UK as places where people are free to enter for spiritual worship and engage in a number of social functions.
In the planning of activities for the year, and having given due consideration to the Charity Commission's guidance on public benefit, and the specific guidance on charities for the advancement of religion in particular, the Charity has been committed in its efforts of supporting the of Church in general and in providing training for its Pastor, Ministers and Leaders in Ministry to be able to spread the Gospel more effectively and improving its service to the wider community.
## **FINANCIAL REVIEW**
## **Reserves policy**
The Trustees aim to retain sufficient free reserves at a level which equate to a minimum of three months of unrestricted expenditure. These reserves are held in case of any sudden decline in income and to ensure that we can meet our commitments to providing our services and activities. Specifically, these commitments include our contractual obligations in relation to our support and outreach work.
The Trustees have implemented robust budgetary controls to monitor costs in an effort to continue to deliver its service in the future. Income - the total income for the twelve months under review was £.
During the year the Trustees continued to place emphasis on financial management to ensure that the funds within the organisation are properly managed.
3
## **CHRIST CENTERED INTERNATIONAL CHURCH REPORT OF THE TRUSTEES YEAR ENDED 31ST MARCH 2024**
## **STATEMENT OF TRUSTEE RESPONSIBILITIES**
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law applicable to charities in England and Wales, the Charities Act 2011, Charity Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each (Accounts and Reports) financial year which give a true and fair view of the state of affairs of the charity and of theincoming resources and application of resources, including the income and expenditure of the charity for that period. In preparing those financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- 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 proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charity's Act 2011. 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.
This report is prepared in accordance with the special provision of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the Board of Trustees and signed:
ON BEHALF OF THE BOARD:
............................................. Mrs Teresita Ricafort Date: 28/01/2025
4
## **REPORT OF THE INDEPENDENT EXAMINER CHRIST CENTERED INTERNATIONAL CHURCH YEAR ENDED 31ST MARCH 2024**
I report on the accounts for the year ended 31st March 2024 set out on pages six to nine.
## **Respective responsibilities of trustees and examiner**
The Charity's Trustees (who are also the Directors for the purposes of Company Law) are responsible for
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
- examine the accounts under Section 145 of the 2011 Act
- to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and
- to state whether particular matters have come to my attention.
## **Basis of the independent examiners 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
## **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 2011 Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or
- (2) to which, in my opinion, attention should be draw in order to enable a proper understanding of the accounts to be reached.
New Bond Accountants Business, Charity , Church &Tax Advisors 4a-6a Hythe Street Dartford Kent DA1 1BX
Date: 29/01/2024
5
## **CHRIST CENTERED INTERNATIONAL CHURCH STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31ST MARCH 2024**
|||**Unrestricted**|**Unrestricted**|
|---|---|---|---|
|**INCOMING RESOURCES**|**Notes**|**2024**|**2023**|
|**_Incoming resources from generated funds_**||||
|Donations and other income|2|43,704|46,189|
|Gift Aid||5,220|9,645|
|Fundraising and Grants||-|-|
|Total||**48,924**|**55,834**|
|**RESOURCES EXPENDED**||||
|Charitable Activities|3|50,949|43,470|
|Support Costs|4|2,038|3,861|
|Governance Costs|5|984|3,082|
|**TOTAL RESOURCES EXPENDED**||**53,971**|**50,413**|
|**NET INCOME/EXPENDITURE FOR THE YEAR**||(£5,047)|£5,421|
|**RECONCILIATION OF FUNDS**||||
|**Total funds brought forward**||155,304|149,883|
|**TOTAL FUNDS CARRIED FORWARD**||**£150,257**|**£155,304**|
None of the charity's activities were acquired or discontinued during the year and there were no recognised gains and losses for 2023 or 2024 other than those included in the statement of financial activities.
The notes on pages 8 to 9 form part of these accounts.
6
## **CHRIST CENTERED INTERNATIONAL CHURCH BALANCE SHEET YEAR ENDED 31ST MARCH 2024**
|**CURRENT ASSETS**
Cash at bank and in hand
**CREDITORS: due within one year**
**Net Current Assets**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**FUNDS:**
Unrestricted Funds|**Notes**
7
8|**Unrestricted**
**2024**
**150,257**
**-**
**£150,257**
**£150,257**
**2024**
**£150,257**|**Unrestricted**|**Unrestricted**|
|---|---|---|---|---|
|||||**2023**
**155,304**
**-**
**£155,304**|
|||||**£155,304**|
|||||**2023**
**£155,304**|
The financial statements were approved by the Board of Trustees signed on its behalf by:
…...................................... Mrs Teresita Ricafort (Trustee) Date: 28/01/2025
The notes on pages 8 to 9 form part of these accounts.
7
## **CHRIST CENTERED INTERNATIONAL CHURCH NOTES TO THE ACCOUNTS YEAR ENDED 31 MARCH 2024**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements have been prepared in accordance with the Statement of Recommended Practice:Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Christ Centered International Church meets the definition of a public benefit entity under FRS 102.
## **Incoming resources**
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Donations and other incoming resources - Income from tithes of the network churches in the forum when these are receivable.
## **Resources expended**
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## Charitable activities
Costs of charitable activities are those costs relating to the activities carried out to meet the objectives of the Church. These include both directly attributable costs and apportioned support costs.
## **Governance costs**
Governance costs are the costs associated with the strategic direction of the organisation and with meeting regulatory responsibilities including apportioned support cost.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund Accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
8
## **CHRIST CENTERED INTERNATIONAL CHURCH NOTES TO THE ACCOUNTS YEAR ENDED 31ST MARCH 2024**
|**2. VOLUNTARY INCOME**
Donations and other income
**3. CHARITABLE ACTIVITIES BY TYPE**
Premises rental and rates
Charitable donations
Wefare
Salary and wages
Ministry
Mission
Convention Camp
Honorarium
Music
Hospitality
Transport Cost
Pension and Social security
Books
**4. SUPPORT COSTS: MANAGEMENT**
Storage Rent
Church Equipments
Telephone
Office and Admin
**5. GOVERNANCE COSTS**
Accountancy and Examiner's Fee
**6. TRUSTEES REMUNERATION AND BENEFITS**
**Trustees' expenses**|**2024**
**2023**
**48,924**
**£55,834**
6,300
7,000
2,180
1,340
3,882
1,121
17,183
18,546
5,253
3,679
5,112
2,895
1,112
0
3,158
2,315
432
1,062
4,055
1,100
1,935
1,920
247
2,292
100
200
**50,849**
**43,470**
750
1,368
200
336
412
408
638
1,749
**2,000**
**3,861**
**984**
**3,082**
**51,933**
**50,413**|**2024**
**2023**
**48,924**
**£55,834**
6,300
7,000
2,180
1,340
3,882
1,121
17,183
18,546
5,253
3,679
5,112
2,895
1,112
0
3,158
2,315
432
1,062
4,055
1,100
1,935
1,920
247
2,292
100
200
**50,849**
**43,470**
750
1,368
200
336
412
408
638
1,749
**2,000**
**3,861**
**984**
**3,082**
**51,933**
**50,413**|**2024**
**2023**
**48,924**
**£55,834**
6,300
7,000
2,180
1,340
3,882
1,121
17,183
18,546
5,253
3,679
5,112
2,895
1,112
0
3,158
2,315
432
1,062
4,055
1,100
1,935
1,920
247
2,292
100
200
**50,849**
**43,470**
750
1,368
200
336
412
408
638
1,749
**2,000**
**3,861**
**984**
**3,082**
**51,933**
**50,413**|
|---|---|---|---|
|||7,000
1,340
1,121
18,546
3,679
2,895
0
2,315
1,062
1,100
1,920
2,292
200
**43,470**||
|||1,368
336
408
1,749
**3,861**
**3,082**
**50,413**|1,368
336
408
1,749|
||||**3,861**|
||||**3,082**|
|||||
There are no paid staff. All tasks are carried out by Trustees who are not remunerated and do not receive any expenses or benefits for their activities.
## **7. CREDITORS : Amounts falling due after one year**
|Other Creditors
**8. MOVEMENTS IN FUNDS**
**Unrestricted Funds**
General Fund
**Restricted Funds**
General fund brought forward
**Total funds**|**2024**
**Incoming**
**Resources**
48,924|**2024**
**Resources**
**Expended**
53,971|**2024**
**-**
**Movement**
**in Funds**
(£5,047)
£155,304
**£150,257**|**2023**
**-**
**Movement in**|**2023**
**-**
**Movement in**|
|---|---|---|---|---|---|
|||||**Funds**
5,421
149,883
**£155,304**|**Funds**|
9
## **CHRIST CENTERED INTERNATIONAL CHURCH INCOME AND EXPENDITURE YEAR ENDED 31ST MARCH 2024**
|**Incoming Resources:**
**Voluntary income:**
Tithes and Offerings
Gift Aid
Fundraising and Grants
Total incoming resources
**RESOURCES EXPENDED:**
**Charitable activities:**
Premises rental and rates
Charitable donations
Welfare
Salary and wages
Ministry
Convention & Camp
Mission
Honorarium
Music
Hospitality
Transport Cost
Pension and Social Security
Books
**SUPPORT COSTS: MANAGEMENT**
Storage Rent
Church Equipments
Office and Admin
Telephone
**GOVERNANCE COSTS**
Accountancy and Examiner fees
**Total resources expended**
**Net Surplus**|**2024**
**2023**
**£**
**£**
43,704
46,189
5,220
9,645
0
0
**£48,924**
**£55,834**
6,300
7,000
2,180
1,340
3,882
1,121
17,183
18,546
4,252
3,679
1,112
0
5,112
2,895
3,158
2,315
432
1,062
4,055
1,100
1,935
1,920
1,247
2,292
100
200
**50,948**
**43,470**
750
1,368
200
336
640
1,749
448
408
**2,038**
**3,861**
**984**
**3,082**
**£53,970**
**£50,413**
**(£5,046)**
**£5,421**|
|---|---|