London Christian Fellowship Church
Charity No. 1153701
Trustees' Report and Unaudited Accounts
31 December 2020
London Christian Fellowship Church Contents
| Pages | |
|---|---|
| Trustees' Annual Report | 2 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Accounts | 7 to 11 |
| Detailed Statement of Financial Activities | 12 to 13 |
Page 1
London Christian Fellowship Church Trustees Annual Report
The Trustees present their report with the unaudited financial statements of the charity for the year ended 31 December 2020.
REFERENCE AND ADMINISTRATIVE DETAILS
Charity No. 1153701
Principal Office
180 Ardleigh Basildon Essex SS16 5RL
Trustees
The following Trustees served during the year:
R. Chekem G.K. Kadabur J.J. Lewis R.S.P. Samsonraj
Accountants
MW Accounting Services Ltd South House 4 Bond Avenue Mount Farm Milton Keynes MK1 1SW
Bankers
Lloyds Bank 1 Legg St Chelmsford Essex CM1 1JS
OBJECTIVES AND ACTIVITIES
The objects of the trust are for the benefit of the public, to advance the Christian faith in accordance with the statement of beliefs in such ways and in such parts of the United Kingdom or the worth as the trustees may from time to time to think fit.
ACHIEVEMENTS AND PERFORMANCE
Page 2
London Christian Fellowship Church Trustees Annual Report
The Coronavirus pandemic has been a huge challenge for all of us. LCFC in its commitment to help meet the spiritual needs of its beneficiaries and society as a whole ensured regular Church meetings were made available throughout lockdown via zoom and then in person when lockdown restrictions were removed for places of worship.
We identified those in our midst who required financial and other practical help and catered in the best way possible for their needs. We also financially helped an elderly vulnerable Christian missionary (not a member of LCFC) with financial and practical help during Coronavirus.
FINANCIAL REVIEW
Total receipts were £122,283 which is a significant increase of 131% compared to the previous year. The charity has great liquidity as a result allowing it to work towards its near term objectives.
The charity will look to maintain a healthy balance of reserves to ensure the charity can continue to operate for the long-term.
There are no uncertainties as to the charities ability to continue as a going concern.
The total reserves held at the end of the reporting period was £106,502
The reserves as at the reporting date were all unrestricted funds.
The current level of reserves are more than adequate to ensure compliance with the charities reserves policy.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The governing document of the charity is via a trust deed.
The elders prayerfully identify those who are committed to the values of LCFC and live an upright, Godly life. Their names are then proposed to the LCFC board and if the board reaches consensus, a new trustee is appointed subject to their willingness to take on the role.
Statement of trustees' responsibilities in relation to the financial statements
The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
That the trustees are responsible for the maintenance and integrity of information included on the company's website.
Signed on behalf of the charity's trustees
G.K. Kadabur Trustee 28 October 2021
Page 3
London Christian Fellowship Church Independent Examiners Report
Independent Examiner's Report to the trustees of London Christian Fellowship Church
I report to the trustees on my examination of the accounts of London Christian Fellowship Church for the year ended 31 December 2020 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011('the Act'). The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed.
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 Act.
Independent examiner's statement
I have completed my examination. I can 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:
-
the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
MW Accounting Services Ltd ACCA
South House 4
Bond Avenue Mount Farm Milton Keynes MK1 1SW 28 October 2021
Page 4
London Christian Fellowship Church Statement of Financial Activities
for the year ended 31 December 2020
| Notes Income and endowments from: Donations and legacies 3 Total Expenditure on: Raising funds 4 Other 5 Total Net gains on investments Net income Transfers between funds Net income before other gains/(losses) Other gains and losses Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricte d funds 2020 £ 122,285 |
Total funds 2020 £ 122,285 |
|---|---|---|
| 122,285 53,169 4,339 |
122,285 53,169 4,339 |
|
| 57,508 - |
57,508 - |
|
| 64,777 - |
64,777 - |
|
| 64,777 | 64,777 | |
| 64,777 41,725 |
64,777 41,725 |
|
| 106,502 | 106,502 |
Page 5
London Christian Fellowship Church Balance Sheet
at 31 December 2020
Charity No. 1153701
| Charity No. 1153701 Current assets Cash at bank and in hand Creditors:Amount falling due within one year 7 Net current assets Total assets less current liabilities Net assets excluding pension asset or liability Total net assets The funds of the charity Restricted funds 8 Unrestricted funds 8 General funds Reserves 8 Total funds Approved by the trustees on 28 October 2021 |
2020 £ 106,982 106,982 (480) 106,502 106,502 106,502 106,502 106,502 106,502 106,502 |
£ 41,725 |
| 41,725 - |
||
| 41,725 41,725 |
||
| 41,725 | ||
| 41,725 | ||
| 41,725 | ||
| 41,725 | ||
| 41,725 | ||
And signed on their behalf by:
G.K. Kadabur Trustee 28 October 2021
Page 6
London Christian Fellowship Church Notes to the Accounts
for the year ended 31 December 2020
- 1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with 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 if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Fund accounting
-
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
-
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
-
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Income
-
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
-
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
-
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 7
London Christian Fellowship Church Notes to the Accounts
Expenditure
-
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
-
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
-
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
-
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
-
Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from tax on its charitable activities.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Page 8
London Christian Fellowship Church Notes to the Accounts
2 Statement of Financial Activities - prior year
| Income and endowments from: Donations and legacies Charitable activities Total Expenditure on: Raising funds Charitable activities Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 3 Income from donations and legacies Donations - CFC India Donations - Other Donations - LCFC Donations - Stewardship |
Unrestricted £ 31,551 3,563 4,156 83,015 122,285 |
Unrestricted funds £ 27,375 25,597 52,972 28,588 19,807 1,568 49,963 3,009 3,009 3,009 38,716 41,725 Total 2020 £ 31,551 3,563 4,156 83,015 122,285 |
Total funds £ 27,375 25,597 |
|---|---|---|---|
| 52,972 28,588 19,807 1,568 |
|||
| 49,963 | |||
| 3,009 | |||
| 3,009 | |||
| 3,009 38,716 |
|||
| 41,725 | |||
Page 9
London Christian Fellowship Church Notes to the Accounts
4 Expenditure on raising funds
| Costs of generating voluntary income Donations - CFC India Donations - Other Donations - Stewardship 5 Other expenditure Motor and travel costs General administrative costs Legal and professional costs 6 Staff costs No employee received emoluments in excess 7 Creditors: amounts falling due within one year Accruals and deferred income 8 Movement in funds Restricted funds: Unrestricted funds: General funds Revaluation Reserves: Total funds |
of £60,000. At 1 January 2020 41,725 41,725 |
Unrestricted £ 38,538 8,595 6,036 53,169 Unrestricted £ 65 3,513 761 4,339 2020 £ 480 480 Incoming resources (including other gains/losses ) £ 122,285 122,285 |
Total 2020 £ 38,538 8,595 6,036 53,169 Total 2020 £ 65 3,513 761 4,339 Resources expended £ (57,508) (57,508) |
At 31 December 2020 £ 106,502 |
|---|---|---|---|---|
| 106,502 |
Page 10
London Christian Fellowship Church Notes to the Accounts
9 Analysis of net assets between funds
| 9 Analysis of net assets between funds |
||||
|---|---|---|---|---|
| Net current assets 10 Reconciliation of net debt Cash and cash equivalents Net debt |
At 1 January 2020 £ |
Cash flows £ |
Unrestricted funds £ 106,502 106,502 New HP/Finance leases £ |
Total £ 106,502 |
| 106,502 | ||||
| At 31 December 2020 £ |
||||
| 41,725 | 65,257 | 106,982 | ||
| 41,725 41,725 |
65,257 65,257 |
- - |
106,982 | |
| 106,982 | ||||
Page 11
London Christian Fellowship Church Detailed Statement of Financial Activities
for the year ended 31 December 2020
| Income and endowments from: Donations and legacies Donations - CFC India Donations - Other Donations - LCFC Donations - Stewardship Total income and endowments Expenditure on: Costs of generating donations and legacies Donations - CFC India Donations - Other Donations - Stewardship Total of expenditure on raising funds Motor and travel costs Travel and subsistence General administrative costs, including depreciation and amortisation Bank charges General insurances Postage and couriers Software, IT support and related costs Stationery and printing Subscriptions Sundry expenses Telephone, fax and broadband Legal and professional costs Accountancy and bookkeeping Consultancy fees Total of expenditure of other costs Total expenditure |
Unrestricted funds 2020 £ 31,551 3,563 4,156 83,015 122,285 122,285 38,538 8,595 6,036 53,169 53,169 65 65 95 295 1,340 144 381 1,051 157 50 3,513 480 281 761 4,339 57,508 |
Total funds 2020 £ 31,551 3,563 4,156 83,015 |
|---|---|---|
| 122,285 | ||
| 122,285 38,538 8,595 6,036 |
||
| 53,169 | ||
| 53,169 65 |
||
| 65 | ||
| 95 295 1,340 144 381 1,051 157 50 |
||
| 3,513 | ||
| 480 281 |
||
| 761 | ||
| 4,339 | ||
| 57,508 |
Page 12
London Christian Fellowship Church Detailed Statement of Financial Activities
| Net gains on investments Net income Net income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
41,725 106,502 |
- - |
- 64,777 64,777 - 64,777 - - |
- 64,777 64,777 - 64,777 41,725 106,502 |
- |
|---|---|---|---|---|---|
| - |
Page 13