IMMANUEL INTERNATIONAL MINISTRIES
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31[ST] DECEMBER 2020
CHARITY NUMBER: 1142977
IMMANUEL INTERNATIONAL MINISTRIES 159 FORD ROAD DAGENHAM, ESSEX RM9 6LT INDEX Page Index 1 Legal & Administrative Details 2 Trustee’s Report 3-4 Independent Examiner’s Report 5 Statement of Financial Activities 6 Balance Sheet 7 Notes on the financial Statements 8 - 10
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IMMANUEL INTERNATIONAL MINISTRIES
LEGAL & ADMINISTRATIVE DETAILS YEAR ENDED 31[ST] DECEMBER 2020
ADDRESS FOR CORRESPONDENCE
159 FORD ROAD DAGENHAM RM9 6LT
REGISTERED CHARITY NUMBER
1142977
GOVERNING DOCUMENT
DECLARATION OF TRUST 10[TH] JUNE 2011.
TRUSTEES
Pastor Jeffy George Mr Mon Chacko Rajan Mr Anil Philip Mr John Kaithamangalath Oommen Mr Cecil Mathew
PRINCIPAL BANKERS
NATWEST BANK CHATHAM MARITIME KENT ME4 4RT
INDEPENDENT EXAMINER
FRESH FIRE ORGANISATION GENERATOR BUSINESS CENTRE 95 MILES ROAD MITCHAM CR4 3FH
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IMMANUEL INTERNATIONAL MINISTRIES
TRUSTEES’ REPORT YEAR ENDED 31[ST] DECEMBER 2020
The trustees are pleased to present their report for the year ended 31[st] December 2020 for the charity, Immanuel International Ministries with charity number 1142977.
The Trustees of the charity are: Pastor Jeffy George Mr Mon Chacko Rajan Mr Anil Philip Mr John Kaithamangalath Oommen Mr Cecil Mathew
The principal address of the charity is : 159 Ford Road Dagenham, Essex RM9 6LT
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity governing document is a declaration of trust that was executed 10[TH] June 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 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 meetings through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. The church also distributed Christian literature around the community and regularly went out on the streets to share its Christian message with the public. The regular services of the organisation during the year attracted people that came from all around the community to attend. This has allowed the organisation to continue to grow in attendance during their services.
The organisation also continued with supporting ministries who are proclaiming the Christian faith in India as well.
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FINANCIAL REVIEW
The income of the charity is above £58,000. This is a good 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 church continues to employ staff and utilises an effective payroll software to manage the contributions.
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FUTURE DEVELOPMENTS
The church intends to continue to host its regular conferences and services in UK. They will continue to support the Christian work of the church in India. 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:
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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 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 22[nd] April 2021 and signed on their behalf by:
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Independent Examiner’s Report To the Trustees
IMMANUEL INTERNATIONAL MINISTRIES
I report on the accounts of the church for the year ended 31[st ] December 2020 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 :
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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 Unit 5 Generator Business Centre 95 Miles road Mitcham Surrey CR4 3FH
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IMMANUEL INTERNATIONAL MINISTRIES
Statement of Financial Activities for the year ended 31st December 2020
| Unrestricted | Unrestricted | Total Funds | ||
|---|---|---|---|---|
| Funds | 2020 | 2019 | ||
| Incoming ResourcesNote | £ | £ | ||
| from generated funds | ||||
| Donations and Legacie | 2 | 49596 | 49596 | 42480 |
| Investment income | 3 | 0 | 0 | 0 |
| _______ | ||||
| 49596 | 49596 | 42480 | ||
| Other Income | ||||
| Other | 9080 | 9080 | 8647 | |
| _______ | ||||
| Total Incoming | 58676 | 58676 | 51127 | |
| Resources | ||||
| _______ | ||||
| Resources Expended | ||||
| Charitable activities in furtherance of objectives | ||||
| Charitable Activities | 6 | 23,517 | 23,517 | 33275 |
| Other | 4 | 10653 | 10653 | 16015 |
| _______ | ||||
| Total Resources | 34,170 | 34,170 | 49290 | |
| Expended | ________ | |||
| Net movement in funds | 24,506 | 24,506 | 1837 | |
| Reconciliation of Funds | ||||
| Total Funds brought forward | 62657 | 62657 | 60820 | |
| Total Funds carried forward | 87,163 | 87,163 | 62657 |
The above funds are all classed as to purpose All movements of funds and all recognised gains and losses are included above.
The notes on the accounts form part of these accounts.
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IMMANUEL INTERNATIONAL MINISTRIES Balance Sheet as at 31st December 2020
| Note 2020 Fixed Assets £ Tangible fixed assets 5 806 _ 806 _ Current Assets Cash at bank and 86773 in hand Debtors & prepayment 9 0 86773 Creditors:amounts falling due within one year Creditors & accruals 8 416 _ Net Current Assets 86357 _ Net Assets 87163 Unrestricted Funds 87163 _ TOTAL FUNDS 87163 _ |
2019 1007 _ 1007 _ 62123 0 |
|---|---|
| 62123 473 _ 61650 _ 62657 62657 _ 62657 _ |
Approved by the trustees on 22nd April 2021 and signed on their behalf :
The notes on these accounts form part of these accounts
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IMMANUEL INTERNATIONAL MINISTRIES NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] DECEMBER 2020
1) Accounting Policies
These accounts have been prepared under the historic cost convention with items Recognised at cost or transaction values otherwise stated in the relevant note(s) to These accounts. The accounts 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 (FRS102) issued on 16 July 2014.
- 1.1 Going Concern: The accounts are prepared on a going concern basis.
1.2 The accounts present a true and fair view and no change have been made to the accounting policies adopted.
1.3 No changes to the accounting estimates have occurred in the reporting period
- 1.5 No material prior year error have been identified in the reporting period.
Recognition of Income
These are included in the Statement of Financial Activities (SOFA) when:
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The charity becomes entitled to resources;
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It is more likely than not that the trustees will receive the resources;
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The monetary value can be measured with sufficient reliability.
Grants and Donations
Grants and Donations are only included in the SOFA when the general income recognition criteria are met (5.10 to 512 FRS102 SORP)
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Tax reclaim on donations and gifts
Gift Aid receivable is included in the income when there is a valid declaration from the donor. Any gift aid amount recovered on a donation is considered to be part of that gift and is treated in addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
EXPENDITURE AND LIABILITIES
Liability Recognition
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
Grants and Support Costs
Support costs have been allocated between the governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
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IMMANUEL INTERNATIONAL MINISTRIES NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] DECEMBER 2020
Creditors
The charity has creditors which are measured at settlement amounts less any trade discounts.
ASSETS
Tangible Fixed Assets for use by the charity
They are capitalised if they can be used for more than one year. They are valued at cost. The depreciation is calculated at 20% reducing balance method.
Debtors
Debtors are measured on initial recognition at settlement amount. Subsequently they are measured at cash.
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IMMANUEL INTERNATIONAL MINISTRIES Notes to the accounts for year ended 31st December 2020
2 Donations
| Church collections Tithes Offerings Other income Conferences Furlough Total |
Unrestricted Total funds Funds 2020 2019 £ £ £ 32623 32623 25526 7226 7226 11942 1281 1281 512 60 60 4500 8406 8406 |
|---|---|
| 49596 49596 42480 ______ |
3 Investment income
| **3 ** | Investment income | Investment income | |||
|---|---|---|---|---|---|
| Unrestricted | Total funds | ||||
| Funds £ | 2020/£ | 2019/£ | |||
| Bank Interest | 0 | 0 | 0 | ||
| **4 ** | Other | amount £/2020 | 2019/£ | ||
| Missions/India support | 0 | 6225 | missions | ||
| Grants to individuals<£1000 | 5053 | 5100 | charity | ||
| Other Donations | 5600 | 4690 | |||
| Total | 10653 | 16015 | |||
| ____ | ___ |
| 5 Fixed Assets Cost/£ At 01/01/20 Additions At 31/12/20 Depreciation At 01/01/20 Charge for year 31/12/2020 Net book value 31/12 Net book value 01/01 |
Equipment 2834 0 |
|---|---|
| ___ 2834 1827 201 |
|
| ___ 2028 806 1007 |
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IMMANUEL INTERNATIONAL MINISTRIES Notes to the accounts for year ended 31st December 2020
6 Cost of Activities in furtherance of Charity's Objectives
| 2020/£ | 2019/£ | |
|---|---|---|
| Pension | 246 | 223 |
| Refreshments | 378 | 1112 |
| Insurance | 400 | 400 |
| Sunday School | 65 | 514 |
| Hall rentals | 6362 | 7462 |
| Professional fees | 336 | 336 |
| Trvelling expenses | 0 | 0 |
| Software & Website | 325 | 200 |
| Wages & Salaries | 14400 | 14400 |
| Subscriptions | 430 | 400 |
| Conference costs | 0 | 6847 |
| Depreciation | 201 | 252 |
| Admin | 10 | 120 |
| Stationary | 180 | 44 |
| Repairs | 184 | 166 |
| Church Events | 0 | 699 |
| Benevolent giving | 0 | 100 |
| Bible study 0 0 _______ |
||
| Total 23517 33275 _______ |
Trustee Remuneration
There was one employee during the financial year. No employee earned >£15,000. The church paid the trustee Pastor Jeffy George £14400 as wages for carrying out his duties as a pastor of the organisation.
| 8 Creditors: amounts falling due withi one year Pension contributions Accounting services Wages & salaries 9 Debtors and Prepayments 2019/£ Debtors 0 |
2020/£ 2019/£ 0 48 336 336 80 89 |
|---|---|
| _ _ 416 425 |
|
| _ _ 2018/£ 0 |
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