**Company No. 08486899** **Charity** ## **No. 1152393** **FINANCIAL STATEMENTS FOR THE YEAR FROM 01 JULY 2020 TO 30 JUNE 2021** **1** |**Contents**|| |---|---| |**Trustees Report**|**4**| |**Structure Governance & Management**|**5**| |**Objectives and Activities**|**7**| |**Financial Review**|**7**| |**Notes to the Accounts**|**10**| **2** TRUSTEES **John Griffiths Christopher Gaul (resigned 03/08/2020) Katrina Prentice (appointed 16/08/2019) Faith Boyce (appointed 15/03/21)** CHIEF EXECUTIVE **Andrew Chapman** REGISTERED OFFICE **35 Stroud Road Wimbledon London SW19 8DQ** ADMINISTRATIVE OFFICE 12 Lichfield Court Sheen Road Richmond TW9 1AU COMPANY NUMBER **8486899** CHARITY NUMBER **1152393** BANKERS **CAF Bank Ltd** INDEPENDENT EXAMINER **G I McCubbin MA, FCIS Beechwood, Green Lane Worth, Crawley RH10 7RR** **3** london school of supernatural ministry Trustees Report Period Ended 30 June 2021 ## Structure Governance & Management Governing Document ## **The School is governed by its Memorandum and Articles of Association** Vision **The London School of Supernatural Ministry (LSSM) is a Holy Spirit driven ministry school where students of all ages come to learn how to live in the Kingdom of God and extend its borders through a supernatural lifestyle. Our vision is multi-generational with participants welcomed from all ages over 18. One of our core values is honour, which will manifest through joining the generations and teaching every age group to value and serve one another.** **The school emphasises hands on training and experience along with academic understanding. This creates a “learn and apply” culture where students will be encouraged to take risks, stretch their faith and grow on their understanding of God. LSSM believes that each verse of the Bible is an invitation into an experience with the Lord therefore you will be challenged to live the Bible. We have a learning environment that will feel very much like a laboratory, where you will practice the things you are being taught while instructors coach the process. You will find this all takes place in a setting of passionate worship and intimacy with Him.** **As the year progresses and students begin to gain confidence and experience within the safety of the classroom, you will be sent on daily outreaches into the community. These outreaches will include ministry on the streets of London, visiting hospitals, businesses, Parliament, Embassies etc. to demonstrate God’s love and power. When you take your supernatural training into the community, we will see Jesus impact people’s lives for good!** Management **The school uses teaching materials developed by Bethel Church, Reading, California.** **Andrew Chapman as CEO and Head of school has operated the School online in the period during the pandemic lockdowns. New manuals were posted out to course members. The numbers were 60 in these classes. Support to students was also provided by volunteer staff.** **This continued for the remainder of the period. The development of further online offerings for training and practical work remains an intention. Some progress has been made during the lockdown** **5** **conditions. The prophetic group has a paid monthly membership of 30 people.** External Relationships **The School relates to a number of Churches who may nominate candidates for the full time or evening school and support in a variety of ways.** ## **Trustees** ## **A change to Trustees had occurred during the period: Christopher Gaul resigned and Faith Boyce was appointed.** ## Objectives and Activities Charitable Objectives ## **The education and training of people to change the world around them.** About the London School of Supernatural Ministry (LSSM) ## **Started in September 2012, LSSM is a ministry school where students of all ages come to learn how to live in the Kingdom of God and extend its borders through a supernatural lifestyle of love and power.** Main activities during the year ## **Short and long term training courses have been run which encourage and help people in churches, on the street, in businesses and in local communities.** Achievements ## **School is flourishing with numbers being maintained despite the lockdowns.** Financing **As a charity the School is able to accept donations which may be GiftAided. The participants in the School pay an annual fee as a lump sum or by monthly instalments. The £30,000 loan negotiated to maintain solvency of the School remains and is now being paid off at a slow rate.** **F** inancial Review **The results for the year are shown in the Statement of Financial Activities below.** **6** Fixed Assets ## **Acquisition and disposal of fixed assets during the year are shown in the notes to the accounts.** ## INDEPENDENT EXAMINER ## **The independent examiner, Ian McCubbin, offers himself for re-election at the forthcoming AGM** SMALL COMPANY EXEMPTIONS **This report has been prepared and delivered in accordance with the provisions in Part 15 of Companies Act 2006 applicable to companies subject to the small companies' regime.** ## BALANCE SHEET |||**30 JUNE**||**30 JUNE**| |---|---|---|---|---| |||**2021**||**2020**| |||**£**||**£**| |**Notes**||||| |FIXED ASSETS||||| |Tangible assets at cost|6,807||6,807|| |Less: Accumulated depreciation|6,807||6,180|| |||0||627| |**3**||||| |CURRENT ASSETS||||| |Debtors|0||315|| |**4**||||| |Cash at bank and in hand|788||2,284|| |TOTAL CURRENT ASSETS||788||2,5| |||||99| |CREDITORS: Amounts falling**5**||(1,842)||(3,914)| |due within one year||||| |NET CURRENT ASSETS||(1,054)||(1,315)| |LONG TERM LIABILITIES||||| |Loans falling due more than one||(29,800)||(30,000)| |year||||| |TOTAL ASSETS||**(30,854)**||**(30,688)**| **7** |FINANCED BY:||| |---|---|---| |Unrestricted funds to 30 June 2018|32,145|32,145| |Unrestricted funds year to 30 June|(31,604)|(31,604)| |2019|(1,229)|(1,229)| |Unrestricted funds year to 30 June|(366)|0| |2020|(29,800)|(30,000)| |Unrestricted funds year to 30 June||| |2021||| |Loans falling due more than one||| |year||| ||**(30,854)**|**(30,68**| |||**8)**| ## **In approving these financial statements as trustees, and directors, of the company we hereby confirm the following:** **For the year ending 30[th] June 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.** **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 trustees/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 in Part 15 of Companies Act 2006 applicable to companies subject to the small companies' regime.** The accounts were approved by the board of trustees on December 3[rd] 2021 ## **John Griffiths (Secretary of Trustee Board)** **The notes on pages 9 to 13 form part of these financial statements** **8** STATEMENT OF FINANCIAL ACTIVITIES **(including the Income and Expenditure Account)** Unrestricted Unrestricted Notes Funds Funds Year Year to 30 June to 30 June 2021 2020 £ £ Income **Donations and other external income 6 5,732 1,478 Courses 7 34,232 22,165 Open Days 0 0** Total Income **39,964 23,643** Resources Expended **Charitable activities (school) 8 40,330 24,872 Governance & management costs 9 0 0** **9** Total Resources Expended **40,330 24,872** Increase/(decrease) in Unrestricted Funds in the period ( **£366) (£1,229)** **The company made no recognised gains and losses other than those reported in the income and expenditure account.** ## **Notes to the Accounts** ## **1. ACCOUNTING POLICIES** ## **1a. Basis of accounting** The accounts have been prepared under the historical cost convention and comply with the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP 2005) issued in March 2005, applicable accounting standards and Companies Act 2006. The principal accounting policies adopted in the preparation of the financial statements are as follows: ## **1b. Tangible fixed assets** Fixed assets are shown at historical cost. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life by the straight line method. Computer Equipment 33.33% ## **1c. Taxation** The charitable company is exempt from taxation under s505 Income and Corporation Taxes Act 1988. ## **1d. Turnover** Turnover comprises total income, excluding bank interest, received. ## **1e. Income** All income is 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. ## **1f. Funds** The Restricted Funds are restricted income funds given to the charity for specific purposes. **10** They are expendable by the trustees in furtherance of particular projects within the charity objects. The Unrestricted Funds are funds expendable at the discretion of the trustees in furtherance of the objects of the charity. ## **1g. Cash flow statement** The company has taken advantage of the exemption in Financial Reporting Standard No 1 from producing a cash flow statement on the grounds that it is a small company ## **2. Turnover** Turnover and surplus on ordinary activities before taxation are attributable to total income receivable excluding bank interest received. **3. Tangible Fixed Assets Computer Equipment £ Cost** At 30 June 2020 6,807 Additions 0 At 30 June 2021 6,807 **Depreciation** At 1 July 2020 6,180 For the period 627 At 30 June 2020 6,807 **Net Book Value** At 30 April 2016 507 At 30 June 2017 1,507 At 30 June 2018 1,750 At 30 June 2019 1,227 At 30 June 2020 627 At 30 June 2021 0 **11** ## **4. Debtors** ## **2021** Other debtors £ 0 Prepayments 0 ## **£ 0** ## **5. Creditors:** ## **(1) Amounts falling due within one year** ## **2021** Accruals £1,842 ## **£ 1,842** ## **(2) Amounts falling due in more than one year** Loans outstanding at 30[th] June 2021 £30,000 Less repayments in current year £200 ## **£29,800** ## **6. Donations & Tuition Fees** **Total** **2021** **£** **12** Course Fees 34,232 Donations 5,732 Open Days 0 ## £ 39,964 The charity received gifts in kind to the value of £NIL during the period. These included equipment, storage rental etc. and are included in Donations above.. ## **7. Investment Income** ## **£** Bank interest receivable 0 ## **8. Charitable Activities** ## **2021 £ 2020 £** |Events, Advertising &||| |---|---|---| |Marketing|4,425|823| |Bank Fees|123|86| |Conference fees|0|1,563| |National Insurance|5,150|0| |General Expenses|3,210|1,241| |Hospitality|218|0| |IT Software and||| |Consumables|2,743|2,126| |Printing, Stationery &||| |Postage|1,806|1,486| |Rates|0|2,297| |Rent|7,200|500| |Repairs & Maintenance|0|370| |Salaries & redundancy||| |pay|13,382|11,450| |Student Expenses|0|501| |Telephones|1,348|1,442| |Travel – National|98|387| |Depreciation for period|627|600| **TOTAL** 40,330 **13** london school of supernatural ministry 14 ## **9. Management Costs** Independent examination £400 ## **10. Trustees Expenses** The trustees neither received nor waived any emoluments during the year. ## **11. Related Parties** None