2022-03-31-accounts

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

JESUS CELEBRATION MINISTRIES

REGISTERED CHARITY NUMBER: 1147990 REGISTERED COMPANY NUMBER: 04405746

JESUS CELEBRATION MINISTRIES

REPORT AND FINANCIAL STATEMENTS FOR

YEAR ENDED 31[ST] MARCH 2022

J & T LEXINGTON SERVICES LIMITED 8 HOLME CLOSE WELLINGBOROUGH NN9 5YF

JESUS CELEBRATION MINISTRIES

Page CONTENTS 2 Charity information 3 Trustees’ report 4 Independent Examiner’s report 5 Income and Expenditure Account 6 Balance Sheet 7 Notes to the Accounts 8 – 11

JESUS CELEBRATION MINISTRIES

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity Number

1147990

Registered Company Number 04405746

Registered Office

Suite 151, 548 - 550 Elder Gate Milton Keynes MK9 1LR

Trustees

Stephen Mwiluki Edith Mafwele Chikondi Barnadetta Lawrencin

Indipendent Examiner

J & T Lexington Services Limited 8 Holme Close Redhill Grange Wellingborough NN9 5YF

JESUS CELEBRATION MINISTRIES

Trustees’ Report

The Trustees have pleasure in submitting their report, and accounts for the year ended 31[st] March 2022. The financial statements have been prepared in accordance with the accounting policies set out on page 7, and comply with the statement of recommended practice.

Constitution, objective of the charity, principal activity and organisation of

our work

The charity is constituted under a Trust Deed dated 15[th] October 2010 with UK registered charity no. 1147990.

The objectives of the charity as set out in the Declaration of trust is:

The advancement of Christian faith.

The ministry is involved in Christian outreach programmes designed to increase Christian awareness and spread the gospel of our Lord Jesus Christ.

Development activities and achievement in the year

The trustees are pleased to report that the Church continued to be successful spiritually by ministering to many people.

Many Christian and non-Christians attended our services and many re-dedicated their lives to our Lord and Saviour, Jesus Christ.

Review of the financial position

During the year the charity made a deficit amounting to £ (1,822). (2021 surplus £7,041)

Approval

The report was approved by the board of trustees on …………… 2023 and signed on their behalf by:

________ Stephen Mwiluki

JESUS CELEBRATION MINISTRIES

Independent Examiner’s Report To the Trustees

JESUS CELEBRATION MINISTRIES

I report on the accounts of the church for the year ended 31[ST] March 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 charity are responsible for the preparation of the accounts. The charity’s trustee consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the 2011 Act), and that an independent examination is required.

Having satisfied myself that the charity is not subject to audit and is eligible for independent examination, it is my responsibility to:

1) Examine the accounts under section 145 of the 2011 Act.
2) Follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act) and
3) To 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 reasonable requirements to ensure that:
proper accounting records are kept (in accordance with section 41 of the Act)
accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 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.

J & T Lexington Services Ltd

8 Holme Close Redhill Grange Wellingborough NN9 5YF

JESUS CELEBRATION MINISTRIES

Statement of financial activities for the year ended 31[st] March 2022 Incorporating the Income and Expenditure Account

Note Incoming Resources Incoming resources from generated funds Tithes & offerings 2 Other Income Gift aid received Grants Interest income Total Incoming Resources Resources expended Charitable activities Rent Gifts & Donations Telephone & Postage Professional fees Bank & financial charges Salaries & Wages Gas, electricity & water Storage Insurance Conference expenses Travel & Transport Repairs & Maintenance Media & TV Ministry Depreciation of fixed assets Total resources expended Governance costs 3 Net incoming/ (outgoing) resources Balance carried forward at 31st March 2022	2022 £ 26,672 9,531 4,793 - - 40,996 7,832 - 2,375 129 340 10,465 2,643 2,721 2,512 4,340 2,650 1,500 4,500 811 42,318 500 42,818 (1,822) (1,822)	2021 £
		24,813 - 9,271 4,800 45
		38,929
		5,000 900 2,160 1,182 313 2,647 2,946 1,132 - 4,412 2,597 7,190 909
		31,388 500
		31,888
		7,041
		7,041

JESUS CELEBRATION MINISTRIES

Balance Sheet as at 31[st] March 2022

Fixed assets Tangible fixed assets Current assets Cash at bank and in hand Creditors - amounts falling due within one year Net current assets/(liabilities) Net assets Long-term liability Represented by: Funds of the charity Reserves Net incoming resources Total funds	Note 4 5 6	142,088 142,088 (500)	2022 £ 7,715 141,588 149,303 (77,437) 71,866 73,688 (1,822) 73,688	2021 £
				8,526 146,648 146,648 (500)
				146,148
				154,674 (80,986) 73,688
				66,647 7,041
				73,688

Approval

The accounts were approved by the board of trustees on …………… 2023 and signed on their behalf by:

Stephen Mwiluki

JESUS CELEBRATION MINISTRIES

Noes s to the financial statements for the year ended 31[st] March 2022

1. Accounting policies

a) Accounting basis

These accounts have been prepared on the receipts and payments basis under section 42(3) of the Charities Act 1993 and the Statement of Recommended Practice on Accounting by Charities published in March 2008. The adoption of the revised SORP has resulted in reclassification of some items.

b) Incoming resources

i) Voluntary income

Voluntary income is received by way of Tithes offerings, donations and gifts and is included in full in the Statement of Financial Activities when receivable.

c) Resources expended

All expenditure is accounted for on an accruals basis.

d) Fixed assets and depreciation

Fixed assets are included at cost. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life using the reducing balance method. Rates used are 12% on Instruments, 25% on Motor Vehicle and 6.5% on Furniture & Fittings.

Restricted and unrestricted funds

Income received for restricted purposes is included in a separate restricted fund against which appropriate expenditure is allocated. Restricted funds are those funds which represent grants and donations for a specific purpose. Upon full performance of the purpose of the grant, any surplus is then retrievable by the donor. Income generated for the objects of the charity without further specified purpose is allocated to unrestricted funds. Accumulated surpluses may be retained by the church and are expendable at the discretion of the trustees in furtherance of the church’s objects. There were no restricted funds during the year.

JESUS CELEBRATION MINISTRIES

Notes to the financial statements for the year ended 31[st] March 2022

1. Accounting policies (continued)

e) Designated funds

Designated funds are allocated out of unrestricted funds by the trustees for specific purposes. The use of such funds is at the trustees’ discretion. There were no designated funds during the year.

g) Irrecoverable VAT

The church is unable to recover VAT since it does not make taxable supplies. The cost of irrecoverable VAT is not separately analysed in the financial statements.

h) Cash Flow

The church has taken advantage of the exemptions in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small church.

2. Incoming resources from generated funds

Tithes and offerings	Unrestricted £ 26,672 26,672	Restricted £ - - -	Total funds 2022 £
			26,672 -
			26,672

JESUS CELEBRATION MINISTRIES

Notes to the financial statements for the year ended 31[st] March 2022

3. Governance costs

Accountancy fees	2022 £ 500 500	2021 £
		500
		500

4. Tangible fixed assets

Cost At 1stApril 2021 Additions At 31stMarch 2022 Depreciation At 1stApril 2021 Charge At 31stMarch 2022 Net book value 2022 Net book value 2021	Motor Vehicle £ 1,800 - 1,800 1,665 34 1,699 101 135	Furniture & Fittings £	Church Instruments & Equipments £ 12,103 - 12,103 7,906 504 8,410 3,693 4,197	Total £
		7,655 - 7,655 3,461 273 3,734 3,921 4,194		21,558 -
				21,558
				13,032 811
				13,843
				7,715
				8,526

JESUS CELEBRATION MINISTRIES

Notes to the financial statements for the year ended 31[st] March 2022

5. Creditors – amounts falling due within one year

Other creditors and accruals	2022 £ 500 500	2021
		£
		500
		500

6. Long-term liability Bank Loan Amount due to Pastor Anne Mwiluki	2022 £ 46,451 30,986 77,437	2021 £
		50,000 30,986
		80,986

JESUS CELEBRATION MINISTRIES

REPORT AND FINANCIAL STATEMENTS FOR

JESUS CELEBRATION MINISTRIES

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity Number

Registered Office

Trustees

Indipendent Examiner

Trustees’ Report

Constitution, objective of the charity, principal activity and organisation of

our work

Development activities and achievement in the year

Review of the financial position

Approval

JESUS CELEBRATION MINISTRIES

JESUS CELEBRATION MINISTRIES

Respective responsibilities of trustees and examiner

Basis of Independent examiner’s report

Independent examiner’s statement

Statement of financial activities for the year ended 31[st] March 2022 Incorporating the Income and Expenditure Account

Balance Sheet as at 31[st] March 2022

Approval

Noes s to the financial statements for the year ended 31[st] March 2022

1. Accounting policies

a) Accounting basis

b) Incoming resources

i) Voluntary income

c) Resources expended

d) Fixed assets and depreciation

Restricted and unrestricted funds

1. Accounting policies (continued)

e) Designated funds

g) Irrecoverable VAT

h) Cash Flow

2. Incoming resources from generated funds

3. Governance costs

4. Tangible fixed assets

5. Creditors – amounts falling due within one year

7. Financial commitments

Capital Commitments

Operating lease commitments