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2020-12-31-accounts

Charity Number 1145126

CHURCH OF GOD UNIVERSAL

(A Company Limited by Guarantee)

MANAGEMENT COMMITTEE REPORT AND FINANCIAL STATEMENTS

For the year ended 31st December 2020

1

CHURCH OF GOD UNIVERSAL

Statement of Financial Activities (including Income and Expenditure Accounts) For the year ended 31st December 2020.

CONTENTS 2
Legal and administrative information 3
Trustee's report 4 - 5.
Independent Examiner’s Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes forming part of the financial statements 9 - 14.
The following pages do not form part of the statutory accounts
Detailed income and expenditure account 16

2

CHURCH OF GOD UNIVERSAL LEGAL AND ADMINISTRATIVE INFORMATION For the year ended 31st December 2020

Management Committee 1 Mrs Syble Cinclar 2 Mrs Gloria Grant 3 Mr. Bansiville Moor 4 Mr. Hartley Cinclar Charity Registered Number 1145126 Registered Office 97 ALBERT ROAD ASTON Birmingham B6 5NE Secretary Mrs Gloria Grant Accountants Jecom & Co Incorporated Financial Accountants 278 Monument Road Ladywood Birmingham B16 8XF Bankers Barclays

CHURCH OF GOD UNIVERSAL

3

Law Leisure & Learning

Independent Examiner’s Report to the trustees of

For the year ended 31st December 2020.

I report on the accounts for the year ended 31st December 2020 which are set out on p 7 to 16 Respective responsibilities of trustees and examiner

The charity’s trustees consider that an audit is not required for this year (under section 43(2) o the charity Act 1993 (the Act) and that an independent examination is needed. It is my responsibility to:

Examine the accounts (under section 43 of the Act), to follow the procedures laid down in the general Directions given by the Charity Commission (under section 43(7)(b) of the Act), and to state whether particular matters have come to my attention.

Basis of Independent examiner’s report

My examination was carried out in accordance with General Directions given by the Charity Commissio An examination includes a review of the accounting records kept by the charity and a comparison of th accounts presented with those records. It also includes consideration of any unusual items or disclosur 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 conseq no opinion is given as to whether the accounts present a true and fair view and the report is limited to matters set out in the statement below.

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 respect, the requirements

to keep accounting records in accordance with section 41 of the Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act; have not been met; or

  1. To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

J. Okundaye AFA FFTA FIAB

Jecom & Co

Incorporated Financial Accountants 276 Monument Road

Edgbaston Birningham B16 8XF

4

CHURCH OF GOD UNIVERSAL MANAGEMENT COMMITTEE'S REPORT For the year ended 31st December 2020.

The Management Committee who are also directors of the charity for the purposes of the Companies Act, submit their annual report and the financial statements of CHURCH OF GOD UNIVERSAL (the Charity) for the year ended 31st December 2020. The Management Committee confirm that the annual report and financial statements of the Charity comply with current statutory requirements, the requirement of the Charity's governing document and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities issued in October 2000.

Method of appointment or election of Management Committee

The Management of the Charity is the responsibility of the Management Committee who are elected and co-opted under the terms of the Articles of Association.

Constitution policies and objectives

The Charity is registered as a charity and was set up by a Charitable Trust Deed.

The Objective of the Church is to provide Church services fund raising activities which are sensitive to the social and cultural needs of the community to meet the

need of young Schools children through, recreation, trips, mentoring counselling, advice, health care needs and community safety scheme.

There have been no changes in the objectives since the last annual report.

Organizational structure and decision making

The organization of the Charity is controlled by the members of the Management Committee.

Review of activities

During the year the Charity received a total of £26,526 from Church services. The financial results for the year are shown in the annexed accounts

Reserves policy

It is the policy of the management committee to work towards holding the minimum reserves necessary to enable the Charity to meet its commitments for a minimum period of three months.

5

CHURCH OF GOD UNIVERSAL MANAGEMENT COMMITTEE'S REPORT For the year ended 31st December 2020.

Management committee's responsibilities

Company and Charity law applicable to charities in England/Wales requires the Management Committee to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the surplus or deficit of the Charity for the period. In preparing those financial statements the Management Committee have

The Management Committee have overall responsibility for ensuring that the charity has an appropriate system of controls, financial and otherwise. They are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the detection and prevention of fraud and other irregularities. These account has been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The report was approved by the Management Committee on ……………...….…… and signed on its behalf by

Mrs Gloria Grant Secretary

CHURCH OF GOD UNIVERSAL ACCOUNTANTS REPORT TO THE TRUSTEES OF CHURCH OF GOD UNIVERSAL For the year ended 31st December 2020.

In accordance with the instructions given to us we have prepared, without carrying

out an audit the financial statements for the year ended 31st December 2020 set out on

6

pages 7 to 16. These financial statement has been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2002) under the historical cost convention and the accounting policies set out on page 8 to 9. from the accounting records of the Charity and from information and explanation supplied to us.

Jecom & Co Incorporated Financial Accountant 276 Monument Road Edgbaston Birmingham B16 8XF

CHURCH OF GOD UNIVERSAL STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31st December 2020.

Restricted Unrestricted Total Total
Funds Funds Funds Funds
2020 2020 2020 2019
Note £ £ £ £

INCOMING RESOURCES

7

Donations legacies and similar incoming
resources
2
RESOURCES EXPENDED
Charitable expenditure:
Cost of activities in furtherance of the
charity's objects
Support costs for Church Services and a
3
Resources expended on managing and
administering the charity
4
TOTAL RESOURCES EXPENDED
5
MOVEMENT IN TOTAL FUNDS FOR THE
YEAR - NET INCOME/(EXPENDITURE)
FOR THE YEAR
TOTAL FUNDS AT 1 January 2019
TOTAL FUNDS AT 31 December 2020		 26,526
26,526
28,638
26,526
26,526
28,638
3083
3083
1,275
£6,119
32558
22,625
£7,467
7467
1,870
16,669
43108
25771
9,857
-16,582
2,867
-11,851
-11,851
-21,128
-1,994
-28,433
-18,261

The Statement of Financial Activities includes all gains and losses recognized in the year The notes on page 10 to 15 form part of these financial statements

CHURCH OF GOD UNIVERSAL BALANCE Sheet As at 31st December 2020.

FIXED ASSETS Note 2020 2019
£ £
Tangible fixed assets 8 1659 12973
CURRENT ASSETS
Debtors 9
Cash at Bank and in Hand 11922 18600

8

11922
CREDITORS - Amount falling due within one
10
year
950
NET CURRENT ASSETS
NET ASSETS
12
CHARITY FUNDS
Restricted Funds
11
Unrestricted Funds
11		 10,972 18600
950
17650
30623
30623
30623		 18600
950
17650
30623
30623
30623
12631 30623
12631 30623
12631 30623

The directors have:-

The financial statements were approved by the Directors on the And are signed on their behalf by:

………………….

Mrs Syble Cinclar Mrs Gloria Grant Trustee Secretary

The notes on pages 9 - 14 form part of these financial statements

CHURCH OF GOD UNIVERSAL

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31st December 2020.

1 ACCOUNTING POLICIES

The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2002). The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP).

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"Accounting and Reporting by Charities" published in October 2000, applicable accounting standards and the Companies Act 2006.

1.2 Company status

The Charity is a company limited by guarantee. The members of the company are the trustees named on page 1 in the event of the Charity being wound up the liability in respect of the guarantee is limited to £1 per member of the Charity

1.3 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the Charity and which have not been designated for other purpose.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors which have been raised by the Charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

1.4 Incoming resources

All incoming resources are included in the Statement of Financial Activities when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Gifts in kind donated for distribution are included at valuation and recognized as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the Charity where this can be quantified and a third party is bearing the cost. No amounts are included in this financial statements for services donated by volunteers.

CHURCH OF GOD UNIVERSAL

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31st December 2020.

Intangible income, which comprises donated services, is included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognized where there is no financial cost borne by a third party.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognized at the time of the donation.

10

All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources.

Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the Charity and include project management carried out at Headquarters. Management and administration costs are those incurred in connection with administration of the Charity and compliance with constitutional and statutory requirements.

1.6 Cash flow

The financial statements do not include a cash flow statement because the charitable company, as a small reporting entity is exempt from the requirement to prepare such a statement under the Financial Reporting Standard for Smaller Entities (effective January 2002).

1.7 Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets less their estimated residual value over their expected useful lives on the following basis:

Motor Vehicle - Furnitures and Fixtures - Church Equipment -

25% Straight line 25% Straight line 25% Straight line

CHURCH OF GOD UNIVERSAL NOTES TO THE FINANCIAL STATEMENTS For the year ended 31st December 2020.

2 DONATIONS, LEGACIES AND SIMILAR INCOMING RESOURCES

Church Services
Other Church Services		 Restricted
Unrestricted
Total
Total
Funds
Funds
Funds
Funds
2020
2020
2020
2019
£
£
£
£
26,526
26,526
28638
26,526
26,526
28,638

3 SUPPORT COSTS FOR Church Services AND ACTIVITIES

11

Printing postage & stationary
Guest speakers
Light & Heat
Bank charges
Choir running expenses
Functions
Toiletories and first aid
Entertainment
Insurance
Welfare
Travel land susbsistence
Repairs & maintenance
Total		 Restricted
Unrestricted
Total
Total
Funds
Funds
Funds
Funds
2020
2020
2020
2018
£
£
£
£
24
24
255
0
0
0
2,147
2,147
4321
0
0
18500
0
0
0
0
0
0
0
0
0
0
0
1252
2,559
2,559
2033
0
0
2480
1,120
1,120
2072
269
269
1647
£0
£6,119
£6,119
£32,558

CHURCH OF GOD UNIVERSAL

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31st December 2020.

4 RESOURCES EXPENDED ON MANAGING AND ADMINISTERING THE CHARITY

Sundries
Audit & Accountancy fees
Professional fees
Property rent
Telephone
Depreciation - motor vehicles
Depreciation - office equipment
Depreciation - fixtures & fittings
Total		 Restricted
Unrestricted
Total
Total
Funds
Funds
Funds
Funds
2020
2020
2020
2019
£
£
£
£
5,959
5,959
116
0
0
0
550
340
340
1175
616
616
316
0
553
553
692
0
£7,467
£7,467
£2,848

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5 ANALYSIS OF RESOURCES EXPENDED BY EXPENDITURE TYPE

Staff Costs Depreciation Other Costs Total Total
2020 2020 2020 2020 2019
£ £ £ £ £
Wages and salaries 2,530 553 0 3,083 1275
Support costs for Church Services and 0
activities - 6,119 6,119 22625
Resources expended on managing 0
and administering the charity - 553 6,914 7,467 1870
Total Resources Expended £2,530 £1,106 £13,033 £16,669 £25,771
This is stated after charging
Depreciation of tangible fixed assets
owned by the charity
Audit & Accountancy fees
Professional fees		 Total
Total
2020
2019
£
£
553
876
350
350
0
550
903
1,211

CHURCH OF GOD UNIVERSAL

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31st December 2020.

During the year no Management Committee received any remuneration (2019 - £NIL)

During the year no Management Committee received any benefit in kind (2019 - £NIL)

During the year no Management Committee received any reimbursement of expenses (2019 - £NIL)

7 STAFF COSTS AND NUMBERS
Staff costs were as follows 2020 2019
£ £
Charity and Mission 0

The average monthly number of employees during the year was as follows

2020 2019

Administrative

No employee received remuneration amounting to more than £50000 in either year

8 TANGIBLE FIXED ASSETS Motor Equipment Fixtures &

Total

13

Cost
At 1 January 2019
Addition in year
Depreciation
At 1 January 2019
Charge for the year
At 31st December 2020
Net book value
At 31 December 2020
At 1 January 2019
9 DEBTORS
Due within one year
Debtors
Cash in hand and at bank		 Vehicles
Fittings
£
£
£
£
2075
0
2075
137
137		 Vehicles
Fittings
£
£
£
£
2075
0
2075
137
137
2212
0
2212
519
0
519
34
0
34
553
0
553
£1,659
£1,659
£2,075
£0
£2,075
2020
2019
£
£
11922
18600
11922
18600

CHURCH OF GOD UNIVERSAL

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31st December 2020.

10 CREDITORS
Amount falling due within one year
Bank Loan and overdrafts
Accruals
Tax & National Insurance Contribution
11 STATEMENT OF FUNDS		 2020
2019
£
£
950
950
£950
£950
UNRESTRICTED FUNDS
General Funds
General Fund 1
Subtotal		 Brought
Incoming
ResourcesCarried
Forward
Resources
Expended Forward
£
£
£
£
25716
26526
16866
37336
25716
26526
16866
37336

RESTRICTED FUNDS

Restricted Funds

14

25,716 26,526 16,866 25716
SUMMARY OF FUNDS
£ £ £ £
General Funds 25716 26526 16866 37336
Restricted Funds
Total of Funds 25716 26526 16866 37336
12 ANALYSIS OF NET ASSETS BETWEEN FUNDS
Restricted Unrestricted Total Total
Funds Funds Funds Funds
2020 2020 2020 2019
£ £ £ £
Tangible fixed assets 1659 1659 12973
Debtors due after more than 1 year
Current assets 11922 11922 18600
Creditors due within one year -950 -950 -950
Total £12,631 £12,631 £30,623

CHURCH OF GOD UNIVERSAL

DETAILED INCOME AND EXPENDITURE ACCOUNT

For the year ended 31 December 2020

Fund Fund
31 December 31 December
2020 2019
INCOME £ £
Tithes & Offerings 26,526 28,368
Building Fund
Investment Income and Interest
Community activities
26526 28,368
LESS : EXPENDITURE
Charity and Mission 2530 -
Pastor Allowance 760
Property rent and rate 340 1,175
Light & Heat 2147 4,321
Printing, Postage & Stationery 24 255
Repairs & Maintenance 269 1,647
Choir running expenses -
Guest speakers -
Functions -

15

Entertainment 1,252
Insurance 2559 2,033
Toiletories and first aid -
Travel land susbsistence 1120 2,072
Telephone & Fax 616 316
Welfare 2,480
Professional fees 750 1,170
Audit & Accountancy fees 550
Sundries 116
Bank Charges/Mortgage 5959 18,500
Depreciation - motor vehicles -
Depreciation - Church equipment 553 692
Depreciation - Fixtures and fittings -
TOTAL EXPENDITURE 16866 - 37,336
NET INCOME FOR THE YEAR £ 9,660 £ - 8,968

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