EVERLASTING EVANGELICAL MINISTRY COMPANY NUMBER 07783274
EVERLASTING EVANGELICAL MINISTRY
DIRECTORS REPORTS AND FINANCIAL STATEMENTS FOR 30TH SEPTEMBER 2022
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EVERLASTING EVANGELICAL MINISTRY COMPANY NUMBER 07783274
| Contents | ||
|---|---|---|
| Company Information | 3-4 | |
| Directors Report | 4-11 | |
| Income and Expenditure | 8-9 | |
| Account | ||
| Balance Sheet | 10-11 | |
| Notes to the Financial | 9 | |
| Statements | ||
| Independent Examiners report | ||
| 13 |
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EVERLASTING EVANGELICAL MINISTRY COMPANY NUMBER 07783274
COMPANY INFORMATION
Status: The organization is a charitable company limited by guarantee, incorporated on 22[nd] September 2011 and registered as a charity on 13[th] December 2011. Everlasting Evangelical Ministry and a member of CLINKS, an umbrella organization for helping exoffenders. It has also registered with Her Majesty Revenue and Customs and also a member of the National Council for Voluntary Organization ( NCVO)
Governing Document: The Company was established under a memorandum of association which established the objects and powers of the charitable company and is governed under its articles of association
Company no: 1145042 Charity no: 07783274 Her Majesty Revenue and Customs XT32195 National Council for Voluntary Organisation MEMBERVC/17225 Member of CLINKS, Voluntary Organisation working with Offenders in ENGLAND AND WALES 1829
Registered Office: 43 Given Wilson Walk E13 0EB London
Operating Address: School 21 Pitchford St, London E15 4RZ
Board Management: Rev. Patrick Suadwa ( Chairperson)
Angela Tuffour (General Secretary)
Genevieve A. Tuffour (Financial Secretary/Treasurer)
Elder Osei Kof Sarpong (Deputy Financial Secretary /Treasurer)
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EVERLASTING EVANGELICAL MINISTRY COMPANY NUMBER 07783274 Angela TffOllr Company Secretary
EVERLASTING EVANGELICAL MINISTRY COMPANY NUMBER 07783274
Bankers Lloyds Bank Harbour Island 24-25 Harbour Exchange Square, Isle of Dogs London, E14 9GQ
NATWEST PLC
Ground Floor, Gredley House, 1 - 11 Broadway, London E15 4BQ
1. Directors’ Report
In accordance with company law and applicable regulations, the directors present their report and financial statements for the year ended 30[th] September 2022. As per elected company law which requires directors to prepare financial statements for each financial year, this report and financial statement has been prepared in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the company and of the surplus or deficit of the company for that period.
In preparing the financial statements the directors have met standing requirements to: (A) select suitable accounting policies and apply them consistently,
(B) make judgments and accounting estimates that are reasonable and prudent and (C) prepare the financial statements on a going concern basis unless it is inappropriate to presume that the company will continue in business.
Directors’ Responsibilities, relevant to this report and financial statement are as follows:
-Maintenance of accurate accounting records detailing the company’s transactions in compliance with the Companies Act 2006.
-Safeguarding company assets with infrastructures to prevent and detect fraud and other irregularities where present.
Company limited by guarantee:
The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Ultimate Controlling Party:
The company's ultimate controlling party are all the trustees and where necessary one of the trustee is elected as a chairperson.
Principle Activity/Purpose :
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EVERLASTING EVANGELICAL MINISTRY COMPANY NUMBER
07783274
Everlasting Evangelical Ministry started as a Christian organization with a desire for the advancement of the gospel. It was founded in order to provide support for the Christian faith through the propagation of the gospel, to support and provided human resources, educational facilities, advocacy and advice to children and families, women and vulnerable groups. The core functions goes beyond religion and therefore the whole community benefits.
We saw that the communities we live in have many difficult problems in the field of unemployment, child abuse, family disintegration, youth offending, famine, and financial hardship and through our beliefs we can make a difference by helping to not only to provide faith-based activities but to also improve the quality of life socio-economic development of the communities which will, in turn, enhance the standard of living of both members and nonmembers.
Due to the impact of the pandemic, we found ourselves using online tools for our services and contacts. This has helped to reduce overall costs and relocate resources to supporting families in the areas of food and basic necessities
2.PUBLIC BENEFIT
The Governing Council has referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the charity’s aim and objectives and in planning its future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set for the church and as a registered charity and this includes proving services to the general public ( employment, advocacy, immigration, women’s rights, youth and family) as well as simultaneously providing faith-based activities and services for the church.
During the 2021/2022 financial year, we directed our activities towards supporting the communities in Newham to be able to go through the coronavirus pandemic. Therefore we used ZOOM meetings to organize a series of meetings and support many people with basic necessities. Our place of worship at School21, Stratford was hardly used as we decided to take the time to build our capacity especially as we were facing storage issues and were not entirely sure about whether there was going to be another covid given the fact that, the Centre is used by many organization on a pay as you go basis
3. ACHIEVEMENTS AND PERFORMANCE
During the accounting year 2021/2022 financial year, the charity saw the need to support many people who were affected by the pandemic especially those with immigration problems which prevent them from working This means that the Corona Virus Food programme was a life-saving mechanism that allow families to share with other families’ foodstuffs. However, the charity did not benefit financially from this in the form of gift aid.
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EVERLASTING EVANGELICAL MINISTRY COMPANY NUMBER 07783274
As the restriction has been lifted and life seems to have come back to normal, it is very important that, we review our strategies for the 2022/2023 financial year
Small Company Rules :
This report has been prepared in accordance with the special provisions relating to companies subject to the small company’s regime within Part 15 of the Companies Act 2006.
Psuadwa
…………………………..
On behalf of the board
Rev. Patrick Suadwa
FINANCIAL REVIEW
Incoming resources were £31925.00 during the 2021/2022 accounting year with overall expenses being £ 26500. This leaves a surplus of £ 5425.00
PLANS FOR THE FUTURE
Directors’ main objectives for the year 2022/2023 are to continue its core work which is aimed at supporting our members and the community of Newham and the church through the provision of food, water and other basic necessities as well as providing financial assistance to those affected by the Corona Virus pandemic.
We have been exploring working with Unity Linkup - a digital platform that focuses of promoting small businesses from ethnic minority backgrounds and business entrepreneurs whose income threshold is too low to attack any investment. The majority of entrepreneurs have bad credit to be able to apply for a personal or business loan. We are exploring the possibility of working with interested parties who will be prepared to support the setting up and payment of business charges without actually paying the money directly to the entrepreneur
VOLUNTEERS
We have 3 volunteers who work with the charity.
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EVERLASTING EVANGELICAL MINISTRY COMPANY NUMBER
07783274
In order to achieve our aims, we will need to be an organization that is
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celebrating diversity and promoting equality
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Accessible and inclusive
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well-resourced with committed staff
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Creative, flexible and adaptable
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Transparent, accountable and open
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Listening and responsive
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Learning and innovative
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�robust and resilient
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Ready to work in partnership with those who complement our values.
RISK MANAGEMENT
The Governing Council has undertaken a thorough assessment of the risks faced by the organization and, where risks were assessed as potentially threatening, aversion tactics have been established. Elsewhere, the Trustees are satisfied that systems and procedures to manage risks have been adopted. This includes following the Government Guidelines where we are legally obliged to
Governing Council Responsibilities
The Governing Council or the trustees Council is responsible for preparing the Report of the Board and the financial statements in accordance with applicable law and regulations. Company law requires the Board to prepare financial statements for each financial year. Under that law the Board has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the Board must not approve the financial statements unless it is satisfied that they give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the net income or expenditure, of the charitable company for that period.
In preparing these financial statements, the Governing Council is required to:
Accounting Practice) have been followed, subject to any material departures disclosed and explained in the financial statements; that the charitable company will continue in operation.
The Board is responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company’s transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements
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EVERLASTING EVANGELICAL MINISTRY COMPANY NUMBER
07783274
comply with the Companies Act 2006. The Board is also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Governing Council is responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of the financial statements may differ from legislation in other jurisdictions.
Statement of Financial Activities
(Incorporating an income and expenditure account) for the year ended 30[th ] September 2022)
Principal accounting policies
Convention
The financial statements have been prepared under the historical cost convention and in accordance with applicable accounting standards and the Companies Act 2006. They follow the recommendations in the Statement of Recommended Practice, Accounting and Reporting by Charities (issued in March 2005).
Going Concern
The organization has generated a surplus of 5425.00 for the year ended 30th September 2022.
INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30TH SEPT 2022
RECEIPTS
(£)
Tithes Offering
21,925. 00
External Income (Gift Aid)
10000.0
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EVERLASTING EVANGELICAL MINISTRY COMPANY NUMBER 07783274
0 31,925. 00
| EXPENDITURE (£ ) Lord's Supper Pop Up Shop Research 300.00 550 Transportation and Fuel 1000.0 0 Telephones and mobile phone 900.00 Parties Cost/Celebration Additional Cost ( Note 1) Corona Victims Rent Programme 2000.00 5100.00 10,000.00 Corona Virus Victims Food Programme 4133.0 0 Payments for External Service (Miscellaneous (Note 2) Loan Interest 318.00 Depreciation 30thSeptember 2022 (note 3) 2199.6 7 Surplus |
26500 | 26500 |
|---|---|---|
| 5425 |
ADDITIONAL INFORMATION
Corona Virus Victims Food Programme
The impact of coronavirus means that during the 2021/2022 financial year , the charity decided to support all our members including the general community with basic food like tea, bread rice, oil, etc to support families and 10
EVERLASTING EVANGELICAL MINISTRY COMPANY NUMBER
07783274
their relatives during the lockdown.
Many of these affected families are people who could not claim any support from the government either because they have immigration issues or have not registered their jobs to be able to claim support from the HRMC.
Payments for External Service
These include payment for our websites and Companies House in order to update our records
FOOTNOTES
----- Start of picture text -----
Additional Cost (Note 1 )
Ancient Wisdom 750.00
Administrative Printing Ink 150
.00
Bounce back Loan Interest 360
0.00
Stationery 1
Storage for Drums/instruments 00.00
500.00
Totals 5100
.00
PAYMENTS TO EXTERNAL BODIES (Note 2)
Website expenses for Church 123 £250.00
Information services Commissioner Fee
35.00
Companies House Expenditure £13.00
Totals
£318.00
----- End of picture text -----
DEPRECIATION (Note 3)
Depreciation 30[th] September 2021 £1099.67 Add (11% Depreciation of 9997 at 30[th] September 2022 £1100.00 Total Accumulated Depreciation for 30[th] September 2022 £2199.67
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EVERLASTING EVANGELICAL MINISTRY COMPANY NUMBER 07783274
EVERLASTING EVANGELICAL MINISTRY BALANCE SHEET AS AT 30TH SEPTEMBER 2022
| Fixed assets |
202 | 202 |
|---|---|---|
| 1 | 2 | |
| £ | £ | |
| Speakers | 420 | |
| 420 | ||
| Amplifer | 519 | 519 |
| Combo | 385 | 385 |
| Phantom Piano | 1500 | 150 |
| 0 | ||
| Phantom Cover | 65 | 65 |
| Small Keyboards | 160 | 160 |
| Small new speakers | 41 | 41 |
| Memory Cards | 40 | 40 |
| External Hard Drive | 160 | 160 |
| Drum kits | 970.26 | 970.26 |
| Laptops/software/bag | 32823.32 | |
| 3823.32 | ||
| Flight Covers | 70 | 70 |
| New Cordless microphone | 708.95 | 708.95 |
| unit | ||
| Fuji Camera | 1069.50 | |
| 1069.50 | ||
| New Fuji Camera | 65 | 65 |
| Fixed Assets | 9997.21 | 9997.2 |
| 1 | ||
| Less Total Depreciation | 1099.67 | |
| (Note 3) | 2199.6 | |
| 7 | ||
| Total Fixed Assets | £8894.54 | 7797.5 |
| 4 | ||
| Currents Assets |
||
| Cash at Bank/s |
2000 | 5425.00 |
| Surplus |
1293.52 | 13222. 54 |
| Liabilities /Long term | ||
| Loan | 50,000 | |
| Bounce back Loan | 50,000.00 | |
| (repayable in 6 years |
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EVERLASTING EVANGELICAL MINISTRY COMPANY NUMBER 07783274
| 07783274 | |||
|---|---|---|---|
| Total Net Assets Funds Capital |
£62188.06 £62188.06 |
632 22.54 63222.5 4 |
|
| 4 |
SIGNATORIES
MISS GENEVIEVE ANTWIWAA TUFFOUR
FINANCIAL SECRETARY/ TREASURER
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EVERLASTING EVANGELICAL MINISTRY COMPANY NUMBER 07783274
DATE: 20[th] May 2023
Independent Assessor
G.Agyeman
DATE: 24[th] May 2023.
Geraldrine Agyeman
INDEPENDENT EXAMINER’S REPORTS
I have carried out an independent report on the financial records for the year ended 30[th] September 2020 and did not find any serious incident and therefore I am satisfied with the records of expenses and revenue received and expended by the charity and the records of transactions including cash transactions.
I have also reviewed the Balance sheet of the assets and liabilities of the Charity against the previous report and I am satisfied that, both have been recorded in the books of accounts
G.Agyeman
Miss Geraldine Agyeman 24[th] May 2023
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