2022-12-31-accounts - True Vine International Ministry

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

TRUE VINE INTERNATIONAL MINISTRY

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[st] DECEMBER 2022

CHARITY NUMBER: 1141519

TRUE VINE INTERNATIONAL MINISTRY 16 WHITEHAVEN LUTON LU43 4BX

INDEX Page Index 1 Trustee’s 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

TRUE VINE INTERNATIONAL MINISTRY

TRUSTEES’ REPORT YEAR ENDED 31[st] December 2022

The trustees are pleased to present their report for the year ended 31[st] December 2022 for the charity, True Vine International Ministry with charity number 1141519.

The Trustees of the charity are: Mr Eric Kofi Amankwah Mr David Goldman Mr George Koduah Mr Peter Tuatil

The principal address of the charity is : 16 Whitehaven

Luton

LU3 4BX

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Charity governing document is a declaration of trust that was executed 2[ND] June 2009 .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 first to advance the Christian faith in accordance with the statement of beliefs for the benefit in the United Kingdom and in such other parts of the world as the trustees may think 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 services through the year in which individuals were developed on the principles and doctrines of the Christian faith. The organisation continues to hold several bible training conferences during the year in which individuals came from all around the country to attend. This has had good results in reaching and helping members of the community. The church has been holding its services online due to the pandemic. This has been successful in increasing its outreach in the community.

FINANCIAL REVIEW

The income of the charity is above £32,000. This is a higher amount for this year of the charity the costs have been well managed over this period. The organisation is still in a good position to manage its costs. The main cost of the organisation was paying for the rent of its building that it uses for worship services in London and running media programs.

FUTURE DEVELOPMENTS

The church intends to continue to host its regular yearly conferences in UK as well as its media programs in the city of London. The intended re-appointment 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 2011, 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:

Select suitable accounting policies and apply them consistently.
Make judgements and estimates that are reasonable and prudent.
State whether the applicable accounting standards have been followed.
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 2011.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 29[th] November 2023 and signed on their behalf by:

Independent Examiner’s Report To the Trustees TRUE VINE INTERNATIONAL MINISTRY

I report on the accounts of the church for the year ended 31[st ] December 2022 set out on the following pages which have been prepared on the basis of the accounting policies shown in the corresponding pages.

Respective responsibilities of trustees and examiner

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 :

Examine the accounts under section 145 of the 2011 Act.
Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 145(5)(b) of the 2011 Act.
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;

(1) which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that:
proper accounting records are kept( in accordance with section 130 of the 2011 Act
accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 2011 Act: or
(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 Unit 5, 95 Miles road Mitcham Surrey CR4 3FH

TRUE VINE INTERNATIONAL MINISTRY ACCOUNTS FOR THE YEAR ENDED 31st December 2022

1 Receipts & Payments Account (General Purpose Fund)

Income Receipts Tithes and Offerings Gift Aid Interest Total Receipts Direct Charitable Expenditure Rent & Hall Hire Travel cost Benevolent giving Church events Stationary & Printing Direct Charitable Activities Honorarium Professional fees Welfare Telephone & Internet Adverts Radio/Media costs Repairs and renewals Rates Insurance Music Services Accounting support Supplies Pastor Allowance Hospitality& Ushering Storage costs Other Expenditure Equipments Instruments Total Payments Net Receipts/(Payments) for the year Cash Funds brought forward Cash Funds at the end of the year 5	£ 2022 22318 7565 5 29888 ___ 5344 797 2500 1100 0 4220 1500 1183 825 50 89 0 1335 0 1811 1907 480 1536 2850 442 0	2021 19309 0 1
		19310
		___ 5122 219 600 0 0 525 1500 0 1790 120 538 1200 790 0 1688 1897 480 0 1500 0 0
	27969 2379 822 3201 31170 -1282 4337	17969 1618 0
		1618 19587 -277 4614
	3055	4337

	TRUE VINE INTERNATIONAL MINISTRY	TRUE VINE INTERNATIONAL MINISTRY	TRUE VINE INTERNATIONAL MINISTRY


2	Statements of Assets and Liabilities at 31st December 2022

	Cash Funds		Unrestricted Funds
			2022	2021
			£
	Bank		3055	4337


			___	___
	Total Cash Funds		3055	4337
			___	___

	Assets Retained for the
	Charity's Ownuse
	Equipment		6567	5830
	Van		2725	3406
	Instruments		1563	1132
			___	___
			10855	10368
			___	___

	Liabilities

	Accountingfee		380	380



	Approved by theTrustees and signed ontheirbehalf:

	____________

















		6

TRUE VINE INTERNATIONAL MINISTRY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st December 2022

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.

Employees

The charity had no employees during the financial year. All other work was undertaken by volunteers.

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% straight balance method.

----- Start of picture text -----
7
----- End of picture text -----