CHRISTIAN FAMILY MINISTRIES TIDWORTH
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31[ST] JANUARY 2024
CHARITY NUMBER: 1141372
CHRISTIAN FAMILY MINISTRIES TIDWORTH 17 VIMY CRESCENT BULFORD SALISBURY SP4 9FS INDEX Page Legal & Administrative Details 1 Trustees Report 2 -3 Independent Examiner’s Report 4 Receipts and Payments Account 5 Statement of Assets and Liabilities 6 Notes on the financial Statements 7
CHRISTIAN FAMILY MINISTRIES TIDWORTH
LEGAL & ADMINISTRATIVE DETAILS YEAR ENDED 31[ST] January 2024
ADDRESS FOR CORRESPONDENCE
17 VIMY CRESCENT BULFORD SALISBURY SP4 9FS
REGISTERED CHARITY NUMBER
1141372
GOVERNING DOCUMENT
DECLARATION OF TRUST 8[TH] MARCH 2011.
TRUSTEES/ DIRECTORS
REV DOUGLAS ASANTE PASTOR NANA KWADWO ASANTE REV MIKE TEMBO
PRINCIPAL BANKERS
HSBC BANK 28 – 30 HIGH STREET ANDOVER, HAMPSHIRE SP10 1NN
INDEPENDENT EXAMINER
FRESH FIRE ORGANISATION GENERATOR BUSINESS CENTRE 95 MILES ROAD MITCHAM CR4 3FH
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CHRISTIAN FAMILY MINISTRIES TIDWORTH TRUSTEES’ REPORT YEAR ENDED 31[st] January 2024
The trustees are pleased to present their report for the year ended 31[st] January 2024 for the charity, Christian Family Ministries Tidworth with Charity Number 1141372.
The Trustees of the charity are: Rev Douglas Asante Pastor Nana Kwadwo Asante Rev Mike Tembo
The principal address of the charity is: 17 Vimy Crescent Bulford Salisbury SP4 9FS
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity governing document is a trust deed that was dated on 8[th] March 2011.The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.
OBJECTIVES AND ACTIVITIES
The Objects of the organisation are to advance the Christian Religion [in accordance with the Statement of faith] throughout the world as the trustees may see fit from time to time. The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.
ACHIEVMENTS AND PERFORMANCE
The Organisation continues to hold successful Christian worship services in the community in different locations to raise the awareness of the Christian faith. These meetings have been well attended. The organisation hosted its meetings in the hire hall that they use for their worship services.
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FINANCIAL REVIEW
The income of the charity is above £32,000. This has been an increase on the previous year’s income. This has allowed to church to continue to maintain good reserves in its bank account. The costs have been managed over this period. The main expenditure of the organisation was costs for running conferences and administrative expenses of the pastors.
PLANS FOR THE FUTURE
The church intends to continue to host regular yearly conferences in UK. They will continue to support their outreach activities in the 3 branches. The intended reappointment of our present independent examiner at the upcoming trustee meeting is expected to support the financial operations by making it more effective.
RESERVE POLICY
It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure. This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to maintain this level throughout the year.
RISK MANAGEMENT
The charity have assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.
TRUSTEE RESPONSIBILITIES
Under the Charities Act 1993, the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:
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Select suitable accounting policies and apply them consistently.
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Make judgements and estimates that are reasonable and prudent.
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State whether the applicable accounting standards have been followed.
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Prepare financial statements on an ongoing basis.
They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 1993.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.
Approved by the Trustees on 6[th] December 2024 and signed on their behalf by:
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Independent Examiner’s Report To the Trustees
CHRISTIAN FAMILY MINISTRIES TIDWORTH
I report on the accounts of the church for the year ended 31[ST] January 2024 set out on the following pages which have been prepared on the basis of the accounting policies shown in the corresponding pages.
The trustees of the church are responsible for the preparation of accounts: they consider that the audit requirement under section 144(2) of the Charities Act 2011 (the 2011 Act),does not apply. It is my responsibility to :
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Examine the accounts under section 145 of the 2011 Act.
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Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 145(5)(b) of the 2011 Act.
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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 Commissioners. 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 I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In the course of my examination, no matter has come to my attention;
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(1) which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that:
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proper accounting records are kept( in accordance with section 130 of the 2011 Act
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accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 2011 Act: or
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(2) to which , in my opinion , attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Chuks Ajuka BSc(Man), FICB PMDip FRESH FIRE ORGANISATION Generator Business Centre 95 Miles Road Mitcham Surrey CR4 3FH
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CHRISTIAN FAMILIES MINISTRIES TIDWORTH
ACCOUNTS FOR YEAR ENDED 31st January 2024
| 1 Receipts & Payments Account (General Purpose Fund) 2024 Income Receipts £ Tithes & Offerings 32641 Donations 0 _ Total Receipts 32641 _ Direct Charitable Expenditure Accounting services 360 Ministers Allowance 3600 Welfare 2750 Women Dept costs 200 Transport 500 Hospitality 1500 General Expenses 500 Advertising 0 Rent 1037 Visiting speakers expenses 1500 Outreach costs 200 Praise and Worship Dept Costs 657 General Administration 500 Website costs 928 Insurance 663 Bank Charges 114 Church operational costs 468 Church conferences 6333 21810 Other Expenditure Hotel 1017 Equipments 2895 Instruments 0 Fixtures & Fittings 0 3912 Total Payments 25722 Net Receipts/(Payments) for the year 6919 Cash Funds brought forward 88441 Loan repaid 1185 Cash Funds at the end of the year 96545 ___ |
2023 £ 18855 0 |
|---|---|
| ___ 18855 |
|
| ___ 0 3600 1050 300 118 50 1500 642 0 200 316 0 297 0 663 103 3654 |
|
| 12493 0 3013 0 0 |
|
| 3013 15506 3349 84492 600 |
|
| 88441 ___ |
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CHRISTIAN FAMILIES MINISTRIES TIDWORTH
Year Ended 31st January 2024 2 Statement of Assets and Liabilities
| Cash Funds BANK Cash Total Cash Funds Other Monetary Assets Loans outstanding Total Cash Funds Assets Retained for the Charity's Own use Musical Instruments Equipments Fixtures & Fittings Liabilities Independent Examination NET ASSETS |
Unrestricted Funds 2024 £ 96545 _ 96545 _ Unrestricted Funds 2024/£ 3000 |
2023 £ 88441 |
|---|---|---|
| ___ 88441 |
||
| ___ 2023/£ 6250 |
||
| 99545 | 94691 | |
| 3792 7438 86 _ 11316 _ 360 110501 |
4739 6402 107 |
|
| ___ 11248 |
||
| ___ 360 105579 |
Approved by the Trustees and signed on their behalf:
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CHRISTIAN FAMILIES MINISTRIES TIDWORTH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
ACCOUNTING POLICIES
Basis of Accounting
These accounts have been prepared on the receipts and payments basis under section Charities Act 2011.
Funds
Unrestricted funds are those which can be used at the Trustees' discretion. Restricted Funds are those whose purposes have been restricted by the donor.
Staff
The church had no employees during the accounting year. All the work of the organisation was undertaken by volunteers during the financial year.
Public Benefit
The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or aims that are for public benefit.Details of how this is achieved are provided in the Trustees report. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
Depreciation
Depreciation is calculated at 20% reducing balance method.
FIXED ASSETS
| Cost | Equipment | Instrument | Fix&Fitts | Total | |
|---|---|---|---|---|---|
| 01/02/2023 | 13295 | 12238 | 270 | 25803 | |
| Additions | 2895 | 0 | 0 | 2895 | |
| 31/01/2024 | 16190 | 12238 | 270 | 28698 | |
| Depreciation | |||||
| 01/02/2023 | 6893 | 7499 | 163 | 14555 | |
| Charge | 1859 | 947 | 21 | 2827 | |
| 31/01/2024 | 8752 | 8446 | 184 | 17382 | |
| NBV | |||||
| 31/01/2024 | 7438 | 3792 | 86 | 11316 | |
| 01/02/2023 | 6402 | 4739 | 107 | 11248 |
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