2023-10-31-accounts

Leeds Brethren in Christ Church

Report and Accounts Year ended 31 October 2023

1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk

Leeds Brethren in Christ Church

LEGAL & ADMINISTRATIVE DETAILS

FOR THE YEAR ENDED 31 OCTOBER 2023

ADDRESS FOR CORRESPONDENCE 4 Bawn Drive Leeds LS12 5QN GOVERNING DOCUMENT Declaration of Trust dated 12 February 2012 amended 7 May 2022 CHARITY REGISTRATION NUMBER 1149124 TRUSTEES RESPONSIBLE FOR Simayedwa Davidson-Page MANAGING THE CHARITY Cassandra Masuku Sehliselo Msipha Samuel Mnyama Nkosana Mlilo Sithandile Naledi Ncube Douglas Ncube Timothy Masuku Bongeka Dube INDEPENDENT EXAMINER Sarah Crispin ACA Stewardship 1 Lamb's Passage LONDON EC1Y 8AB

INDEX

Page 1 Legal & Administrative Details Pages 2-3 Trustees' Report Page 4 Independent Examiner's Report Page 5 Receipts and Payments Account Page 6 Statement of Assets & Liabilities Page 7 Notes to the Accounts

Page 1

Leeds Brethren in Christ Church

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 OCTOBER 2023

The Trustees have pleasure in submitting the Report and Accounts for the year ended 31 October 2023.

Objects of the charity

The charity, which is a church, is governed by a constitution and is constituted as a trust. The charity's principal objects, as set out in its governing document, are:

a) to advance the Christian faith in accordance with the Statement of Beliefs;

b) to relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind, including through the provision of counselling and support;

c) to advance education;

d) to partner in community events and offer relief to the best of the Church’s ability and use these as opportunities to minister.

Summary of the charity's main activities and achievements

To further the above objects and vision, the charity's main activities and achievements were as follows:

1. Continued to hold regular normal church services,

2. Held special revival, holy communion and baptism services,

3. The church also held special services for the community,

4. The church also held joint services with other Christian groups in aid of the community,

5. Continued to provide support, food parcels for the community and the elderly and community involved meal,

6. Continued to provide money to assist those in financial hardship.

In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.

Financial review

During the year income decreased by £10,355 compared to the previous year, to £35,951 due to significant gift aid claims receipts in the previous year. Gift aid for the financial years 21/22 and 22/23 is yet to be claimed. Expenditure increased by £7,345 to £22,821. The cash held by the charity increased by £13,130 to £128,546, of which £85,169 is unrestricted and can be used for any charitable purpose.

Reserves policy

The trustees do not have a formal reserves policy, but they consider that the unrestricted cash levels of £70k are sufficient to ensure that the charity can continue to operate in the coming year.

Governance

Responsibility for setting policy and for making operating decisions rest with the trustees who meet regularly to monitor the activities of the charity. Responsibility for the day to day operation of the charity has been delegated to a senior management team led by the Chairperson of the trustees. New trustees are recruited and appointed by the charity members, the church, by a majority vote.

Page 2

Organisational structure

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Pastoral
Team
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Men's
Fellowship
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Charity
Sub-Comm
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Relationships with other charities and related parties

1. Occasional joint services with other branches of the BICC throughout the UK,

2. Occasional joint services with other churches within the Leeds,

3. Partnerships with other local charities and community groups.

Risk statement

The charity is exposed to various risks - be they operational, financial or reputational. The trustees review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks.

Responsibilities of trustees

Charity law requires us as Trustees to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year.

We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011.

We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.

Approval

This report was approved by the trustees and signed on their behalf by:

Simayedwa Davidson-Page

_________ Simayedwa Davidson-Page

Date: 25 November 2024

Page 3

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

Leeds Brethren in Christ Church

I report to the trustees on my examination of the accounts of Leeds Brethren in Christ Church ('the charity') for the year ended 31 October 2023 on pages 5 to 7 following.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in accordance with section 130 of the 2011 Act; or

1. the accounts do not accord with the accounting records.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Sarah Crispin

Sarah Crispin ACA Stewardship 1 Lamb's Passage LONDON EC1Y 8AB

Date: 27 November 2024

Page 4

Leeds Brethren in Christ Church

RECEIPTS AND PAYMENTS ACCOUNT

FOR THE YEAR ENDED 31 OCTOBER 2023

Notes Income receipts Donations Gift aid receipts Conference contributions Interest Other Total receipts Payments 2 Total payments Transfers between funds 4 Net movement in funds Cash funds as at last year end Cash funds at this year end A Net of receipts / (payments) before Payments in relation to charitable activities undertaken directly		General Designated Funds Funds £ £ 30,085 - - - 2,425 - 642 - 693 - 33,846 - 22,821 - 22,821 - 11,025 - - - 11,025 - 74,143 - 85,169 - Unrestricted Funds	Restricted Funds £ 2,105 - - - - 2,105 - - 2,105 - 2,105 41,273 43,378	2023 £ 32,190 - 2,425 642 693 35,951 22,821 22,821 13,130 - 13,130 115,416 128,546	2022 £
		General Funds £ 30,085 - 2,425 642 693 33,846 22,821 22,821 11,025 - 11,025 74,143 85,169
					24,960 21,120 - 39 186
					46,305
					15,476
					15,476
					30,830 -
					30,830 84,586
					115,416

The notes on page 7 form part of these accounts.

Page 5

Leeds Brethren in Christ Church

STATEMENT OF ASSETS AND LIABILITIES

FOR THE YEAR ENDED 31 OCTOBER 2023

Notes A Cash funds Cash at bank with immediate access Petty cash B Other monetary assets Gift aid due to charity C Liabilities Falling due within one year Fee for Independent Examination Accrued expenses	General Designated funds funds £ £ 85,080 - 89 - 85,169 - 5,111 - 5,111 - 1,860 - 1,925 - 3,785 - Unrestricted Funds	Restricted funds £ 43,378 - 43,378 - - - - -	2023 £ 128,458 89 128,546 5,111 5,111 1,860 1,925 3,785	2022 £
				115,380 37
				115,416
				5,111
				5,111
				840 -
				840

D Assets retained for charity's own use

The charity owns a number of items in the following categories, none of which individually have a material value:

Music and PA equipment Computers and IT

The accounts were approved by the trustees and signed on their behalf by:

Simayedwa Davidson-Page

_____Simayedwa Davidson-Page

Date: 25 November 2024 .

The notes on pages 7 form part of these accounts.

Page 6

Leeds Brethren in Christ Church

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2023

1 Accounting policies

The accounts have been prepared on a receipts and payments basis and comprise a statement that shows the charity's receipts and payments, a statement that summarises the charity's assets and liabilities and related notes. The accountancy profession have determined that only accounts prepared in accordance with applicable accounting standards present a 'true and fair' view and, as these receipts and payments accounts have not (and cannot) be prepared in accordance with accounting standards, these accounts do not present (and are not intended to present) a 'true and fair' view of the charity's financial activities and state of affairs.

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. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.

2 Payments in relation to charitable activities undertaken directly Pastors' costs Rent Church events Other ministry costs Brethren in Christ Church contributions Charity fund IT costs Insurance		Unrestrict	Designated funds £ - - - - - - - - - ed Funds	Restricted Funds £ - - - - - - - - -	Total 2023 £ 4,380 1,480 1,984 10,106 2,495 1,250 757 369 22,821	Total 2022 £
		General funds £ 4,380 1,480 1,984 10,106 2,495 1,250 757 369 22,821
						3,460 2,030 1,467 3,160 1,870 693 2,471 325
						15,476

3 Transactions with related parties

Rev Douglas Ncube and Rev Timothy Masuku served as church leaders and were paid £2,640 (2022: £1,420) and £1,180 (2022: £560) respectively as a pastoral allowance for serving in that capacity, not for serving as trustees; these payments are permitted by the charity's governing document.

Nkosana Mlilo served as an evangelist and was paid £240 (2022: £560) and Samuel Mnyama served as a Deacon and was paid £320 (2022: £780) as a pastoral allowance for serving in these capacities, not for serving as trustees; these payments are permitted by the charity's governing document.

4 Movement of funds

General funds Restricted funds Building Fund Total funds	Opening balance £ 74,143 41,273 41,273 115,416	Receipts £ 33,846 2,105 2,105 35,951	Payments £ (22,821) - - (22,821)	Transfers £ - - - -	Closing balance £ 85,169 43,378
					43,378
					128,546

The restricted Building Fund is money raised for the future purchase of a building

Page 7