## **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