2021-10-31-accounts

FAMILY LOVE MINISTRIES

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST] OCTOBER 2021

CHARITY NUMBER: 1145650

FAMILY LOVE MINISTRIES 2 ROBERT LOWE CLOSE LEWISHAN NEW CROSS GATE LONDON SE14 5QB INDEX Page Index 1 Trustee’s Report 2-3 Independent Examiner’s Report 4 Statement of Financial Activities 5 Balance Sheet 6 Notes on the financial Statements 7 - 10

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FAMILY LOVE MINISTRIES

TRUSTEES’ REPORT YEAR ENDED 31[st] OCTOBER 2021

The trustees are pleased to present their report for the year ended 31[ST] October 2021 for the charity, Family Love Ministries with Charity Number 1145650.

The Trustees of the charity are: Pastor Jerry Mukobo Mrs Gisele Kassoto Miss Walu Lohandjula Miss Nadine Lusandu

The principal address of the charity is : 2 Robert Lowe Close Lewisham, New Cross Gate London SE14 5QB

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Charity governing document is a Memorandum and Articles of Association that was adopted 26[TH] October 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 of the public in the United Kingdom and to advance education 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 continues to hold its meeting in the hired hall. The church continues to regularly broadcast programmes on the Christian television. The church was hosting online meetings due to the pandemic and the church continues to support its branch church in the Democratic Republic of Congo.

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FINANCIAL REVIEW

The income of the charity is above £77,000. 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 main cost has been for the maintaining the effective running of the worship services and covering all costs in involved in running the various church programs including covering the cost of the television programs that it hosts.

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:

1. Select suitable accounting policies and apply them consistently.

2. Make judgements and estimates that are reasonable and prudent.

3. State whether the applicable accounting standards have been followed.

4. 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 1[st] April 2022 and signed on their behalf by:

---

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Independent Examiner’s Report To the Trustees FAMILY LOVE MINISTRIES

I report on the accounts of the church for the year ended 31[st ] October 2021 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 Generator Business Centre 95 Miles Road Mitcham Surrey CR4 3FH

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FAMILY LOVE MINISTRIES

Statement of Financial Activities for the year ended 31st October 2021

		Unrestricted	Total Funds
		Funds	2021	2020
Incoming Resources from	Note	£	£
generated funds
Donations and Legacies		75204	75204	18751
Investment income		0	0	0
		75204	75204	18751
Other Income
Giftaid		4240	4240	2340
Total Incoming		79444	79444	21091
Resources
Resources Expended
Charitable activities in furtherance of objectives
Charitable Activities	4	102,028	102,028	22259

Total Resources Expended Net movement in funds Reconciliation of Funds Total Funds brought forward Total Funds carried forward	_________ 102,028 102,028	_ __ 22259 __ -1168 55219 54051
	_________ -22,584 -22,584 54051 54051 31,467 31,467

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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FAMILY LOVE MINISTRIES

Balance Sheet as at 31st October 2021

Note 2021 Fixed Assets £ Tangible fixed assets 6607 _ 6607 _ Current Assets Cash at bank and 15332 in hand Debtors & prepayment 6 9768 25100 Creditors:amounts falling due within one year Creditors & accruals 5 240 _ Net Current Assets 24860 _ Net Assets 31467 Unrestricted Funds General Fund 31467 _ TOTAL FUNDS 31467 _	2020 3747
	___ 3747
	_ 40775 9768 50543 240 _ 51036 ___ 54050 54050
	_ 54050 _

For the year ended 31st October 2021 FAMILY LOVE MINISTRIES was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with Section 476,

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Francois Landu Director

_________ Director's Signature

The notes on pages 5 to 6 form an integral part of these financial statements

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FAMILY LOVE MINISTRIES

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] OCTOBER 2021

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:

• The charity becomes entitled to resources;

• It is more likely than not that the trustees will receive the resources;

• 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)

.

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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FAMILY LOVE MINISTRIES NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] OCTOBER 2021

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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FAMILY LOVE MINISTRIES

Notes to the accounts for year ended 31st October 2021

**2 **	Voluntary Income Unrestricted Total/£ Total/£ Funds/£ 2021 2020 Tithes and Offerings 73722 73722 18751
	__________ Total 73722 73722 18751

**3 **	TANGIBLE	FIXED ASSETS	FIXED ASSETS
	Cost	EquipmentFix &		Fitts	Vehicle	Total
	At 1/11/20		7504	500	0	8004
	Additions		1400	0	3111	4511
	31/10/2021		8904	500	3111	12515
	Depreciation
	At 1/11/20		4077	180	0	4257
	Charge		965	64	622	1651
	31/10/2021		5042	244	622	5908
					Equipment	Fix&Fitt	Vehicle	Total
	Net Book Value		31/10/21		3862	256	2489		6607
	Net Book Value		01/11/20		3427	320	0		3747

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FAMILY LOVE MINISTRIES

Notes to the accounts for year ended 31st October 2021

**4 **	Cost of Activities in	furtherance of Charity's Objectives	furtherance of Charity's Objectives
		2021/£	2020/£
	Music services	0	150
	Rent of building	3612	2020
	Church events	0	2374
	Welfare	621	460
	Repairs	491	0
	Stationery	0	0
	Television costs	0	0
	Maintenance	1091	845
	Supplies	260	0
	Pastor	7200	6800
	Transport	0	1042
	Depreciation	1651	936
	Accounting services	240	240
	Insurance	1228	1105
	Mission	82530	3900
	Volunteerexpenses	3104	2387
	Total	102028	22259

Trustee Remuneration

Trustee Jerry Mukobo received £7200 in the financial year for Pastoral services offered to the charity. There was 1 employee during the financial year. No employee earned more than £10000 in the financial year

6 Creditors: amounts falling due within one year

	2021/£	2020/£
Independent examinati	240	240
Creditors	0	0
Total	240	240

7 Debtors and Prepayments Rent Deposit Tax recoverable	2021/£ 2020/£ 1500 1500 8268 8268
	9768 9768

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