1170361
Charity Number
EVANGELICAL CHURCH WINNING ALL (ECWA) CHAPEL OF INVESTMENT, BIRMINGHAM
TRUSTEES REPORT AND FINANCIAL STATEMENTS
For the year ended 31st MARCH 2024
EVANGELICAL CHURCH WINNING ALL (ECWA) CHAPEL OF INVESTMENT
BIRMINGHAM
Statement of financial activities (including Income and Expenditure Accounts) For the year ended 31st March 2024
| CONTENTS | 2 |
|---|---|
| Legal and administrative information | 3 |
| Report of the trustees | 4 – 5 |
| Accountants Report | 6 |
| Statement of financial activities | 7 |
| Balance Sheet | 8 |
| Notes forming part of the financial statements | 9 – 13 |
The following pages do not form part of the statutory accounts
Details income and expenditure account 14
EVANGELICAL CHURCH WINNING ALL (ECWA) CHAPEL OF INVESTMENT BIRMINGHAM
LEGAL AND ADMINSTRATIVE INFORMATION For the year ended 31st March 2024
| Trustee | 1 Rev Simon Ayodele Atunde |
|---|---|
| 2 Dr Michaiah Akinyele Olaniyi | |
| 3 Pastor Caleb Wole Ajiboye | |
| Management Committee | 1 Rev Simon Ayodele Atunde (Minister in Charge) |
| 2 Pastor Caleb Wole Ajiboye | |
| Charity Number | 1170361 |
| Registered Office | 23 Quarry House Close |
| Rubery | |
| Birmingham | |
| United Kingdom | |
| B45 0HS | |
| Accountants | D&J Accounting Solutions |
| Kingsway House | |
| 40 Forgate Street | |
| WR1 1EE | |
| Bankers | HSBC UK Bank plc |
| 1 Centenary Square, | |
| Birmingham | |
| B1 1HQ | |
| United Kingdom |
EVANGELICAL CHURCH WINNING ALL (ECWA) CHAPEL OF INVESTMENT BIRMINGHAM
For the year ended 31st March 2024
The trustees present their annual report and financial statements of Evangelical Church Winning All – ECWA Chapel of Investment, Birmingham for the year ended 30[th] March 2024. The Trustees confirm that the annual report and financial statements of the Charity comply with the charities act 2011, and the companies Act 2006. the church governing documentand the provisions of the statement of Recommended Practice (SORP) “Accounting and reporting by Charities issued in April 2005.
Method of appointment or election of trustees
The management of the charity is the responsibility of the trustees who are elected and co-opted under the terms of the trust
Constitution Policies
The objective of the charity is the advancement of the Christian faith worldwide in accordance with the doctrine set out in the statement of believe contained in the schedule 2. the trustees must use the income and may use the capital of the trust in promoting the objects
Objectives of the charity, Principal Activities and Organisation of our work
The Evangelical Church Winning All – ECWA,Chapel of Investment, Birmingham is a community based charity Providing a suitable Christian principle for young people and their Families. The principal activities of the church are For the year ended 31st MARCH 2024
Jesus Christ and development of the whole man, spiritually, mentally and physically
Principal activities
The charity’s principal activity during the year continued to be the advancement of the Christian faith in the United Kingdom and Worldwide in accordance with the doctrine set out in the statement of believe of its trust deed and the relief of poverty to those at risk within the general public
Risk management
The trustee have a duty to identify and review the risks to which the charity is exposed and appropriate controls are in place to provide reasonable assurance against fraud and error.
Organization structure and decision making
The organization of the Charity is controlled by the Trustees
Review of activities
During the year the Charity received a total of £32,584.45 from Church services. The financial results from the year are shown in the annexed accounts
Reserves policy
It is the policy of the Trustees to work towards holding the minimum reserves necessary to enable the charity to meet its commitments for a minimum period of three months
EVANGELICAL CHURCH WINNING ALL (ECWA) CHAPEL OF INVESTMENT BIRMINGHAM
For the year ended 31st March 2024
Trustees' Responsibilities
Charity Law applicable to charities in England/Wales requires the Trustees to prepare financial statements for each Financial year which give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the period.
In preparing those financial statements the trustees have
-
selected suitable accounting policies and applied them consistently.
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Made judgments and estimates that are reasonable and prudent.
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stated whether applicable accounting standards have been followed.
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subject to any material departures disclosed and explained in the financial statements, and
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Prepared the financial statements on a going concern basis
The trustees have overall responsibility for ensuring that the charity has an appropriate system of controls, financial and otherwise. They are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the charities Act 2011.
They are also responsible for safeguarding the assets of the charity, hence taking reasonable steps for the detection and prevention of fraud and other irregularities.
The report was approved by the trustees on …........................................ and signed on its behalf by
Rev Simon Atunde
Minister in Charge
EVANGELICAL CHURCH WINNING ALL (ECWA) CHAPEL OF INVESTMENT BIRMINGHAM ACCOUNTANTS REPORT TO THE TRUSTEES OF EVANGELICAL CHURCH WINNING ALL (ECWA) CHAPEL OF INVESTMENT, BIRMINGHAM
For the year ended 31st March 2024
We report on the accounts of Envangelical Church Winning All(ECWA) - Chapel of Investment, Birmingham for the year ended 30th, which is set out on pages 9 to 13
Respective responsibilities of Trustees and Accountants
The trustees are responsible for the preparation of the accounts
The trustees consider that an audit us not required for the year under section 144 (2) of the charities Act 2011 (the 2011 Act) and that independent examination is needed
It is our responsibility to:
To follow the procedures laid down in the general directions given by the charity commission under section 145(5) (b) of the 2011 Act: and
To state whether particular matters have come to our attention
Basis of independent examiner's report
Our examination was carried out in accordance with the general directions given by the charity commission. An For the year ended 31st MARCH 2024
presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures
undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is
given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with our examination, no matter has come to our attention which gives us reasonable cause to believe that in any material respect the requirements:
To keep accounting records in accordance with section 130 of the 2011 Charities Act, and
To prepare accounts which accord with the accounting records and comply with the accounting requirement of the 2011 Act have not been met or
To which, In our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached
D&J Accounting Solutions Kingsway House 40 Forgate Street WR1 1EE
EVANGELICAL CHURCH WINNING ALL (ECWA) CHAPEL OF INVESTMENT BIRMINGHAM
For the year ended 31st March 2024
| Note INCOMING RESOURCES Donations Legacies and similar incoming resourc 2 |
Restricted Funds Unrestricted Funds Total Funds Total Funds 2024 2024 2024 2023 0 54433 54433 32584 |
|---|---|
| 0 54433 54433 32584 |
|
| RESOURCES EXPENDED Charitable expenditure: Cost of activities in furtherance of the charity’s objects Support costs for Church Services and Activities 3 Resources expended on Managing and administe 4 |
0 19962 19962 7378 0 3572 3572 7145 |
| TOTAL RESOURCES EXPENDED 5 |
0 23534 23534 14523 |
| MOVEMENT IN TOTAL FUNDS FOR THE YEAR – | 0 30898 30898 18061 |
| TOTAL FUNDS AT 31ST MARCH 2024 | 0 30898 30898 18061 |
The notes on pages 9 – 13 form part of these financial statements
EVANGELICAL CHURCH WINNING ALL (ECWA) CHAPEL OF INVESTMENT, BIRMINGHAM BALANCE SHEET as at 31st March 2024
| FIXED ASSETS Note Tangible fixed assets 8 CURRENT ASSETS Cash at bank and in Hand 9 Debtors 9 Prepayment 9 Creditors – Amount Falling due within one year 10 NET CURRENT ASSETS NET ASSETS 12 CHARITY FUNDS Restricted Funds 11 Unrestricted funds 11 |
102405 0 0 102405 |
2023 3041 71507 0 0 71507 102405 105446 0 102405 102405 |
2022 235 71507 71742 |
|---|---|---|---|
| 0 71507 71507 |
The financial statements were approved by the trustees on the and were signed on their behalf by:
…………………..
The notes on pages 9 – 13 form part of these financial statements
EVANGELICAL CHURCH WINNING ALL (ECWA) CHAPEL OF INVESTMENT, BIRMINGHAM NOTES TO THE FINANCIAL STATEMENTS For the year ended 31st March 2024
1 ACCOUNTING POLICIES
1.1 Basis of preparation of Financial statements
The financial statements have been prepared under the historical cost convention, and in accordance with the financial Reporting Standard for Smaller entities (Effective April 2008). The financial statements have been prepared in accordance with the statement of Recommended Practice (SORP 2005). “Accounting and Reporting by Charities ACT 2011”
1.2 Fund accounting
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 and which have not been designated for other purpose
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors which have been raised by the charity for particular purpose. The cost of raising and Administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to financial statements.
1.3 Incoming resources
All incoming resources are included in the statement of Financial Activities when the charity is Legally entitled to the For theincome and amount can be quantified with reasonable accuracy.
Gifts in kind donated for distribution are included at the valuation and recognized as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the charity where this can be quantified and a third party is bearing the cost. No amounts are included in this financial statements for services donated by volunteers
Intangible income, which comprises donated services, is included in income valuation which is an estimate of the financial cost bourne by the donor where such a cost is quantifiable andmeasurable. No income is recognised where there is no financial cost bourne by a third party. Income tax recoverable in relation to donations received under gift aid or deeds of covenant is recognised at the time of the donation.
1.4 Resources Expended
All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on basis consistent with use of the resources.
Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charity activities. Support costs are those costs incurred directly in support of the expenditure on the objects of the charity.
Management and administration cost are those incurred in connection with administration of charity and compliance with constitutional and Statutory requirements
EVANGELICAL CHURCH WINNING ALL (ECWA) CHAPEL OF INVESTMENT, BIRMINGHAM NOTES TO THE FINANCIAL STATEMENTS For the year ended 31st March 2024
1.5 Cash flow
The financial statements do not include a cash flows statement because the charity as a small reporting entity is exempt from the requirement to prepare such statement under the Financial reporting Standard for smaller entities (effective April 2008)
1.6 Tangible fixed assets and depreciation
Tangible fixed assets are stated as cost less depreciation. Depreciation is provided at the rates calculated to write off the cost of fixed asset less their estimated residual value over their expected useful lives on the following basis
Motor Vehicle - 25% Straight Line Furnitures and Fixtures - 25% Straight Line - Church Equipment 25% Straight Line
2 DONATIONS, LEGACIES AND SIMILAR INCOMING RESOURCES
| Restricted Funds Unrestricted 2024 Church services 0 Grants 0 0 |
Funds Total 2024 46147 8286 54433 |
Funds Total 2024 46147 8286 54433 |
Funds 2023 32584 5370 37954 |
|---|---|---|---|
3 SUPPORT COSTS FOR CHURCH SERVICES AND CHARITABLE ACTIVITIES
| Honorarium Property Rent Entertainment Evangelism Sunday School Manual Pastor Allowance Choir Running Expenses Toiletries and First Aid Retreat and Conferences Travel and Subsistence Postages Hotel & Accommodation Welfare Expenses Printing & Stationary Advertisement |
Restricted Funds Unrestricted Funds Total Funds Total Funds 2024 2024 2024 2023 0 0 0 152 0 1870 1870 1724 0 186 186 1669 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3308 3308 450 0 0 0 0 0 600 600 0 0 13998 13998 3383 0 0 0 0 0 0 0 0 |
|---|---|
| Total | 0 19962 19962 7378 |
EVANGELICAL CHURCH WINNING ALL (ECWA)
CHAPEL OF INVESTMENT, BIRMINGHAM NOTES TO THE FINANCIAL STATEMENTS For the year ended 31st March 2024
4 Resources expended on managing and administering the charity
| Repairs Audit & Accountancy Fees Professional Fees Bank Charges Telephone & Fax Depreciation – Motor Depreciation – Office Equipment Depreciation – Fixtures & Fittings |
Restricted Funds Unrestricted Funds Total Funds Total Funds 2024 2024 2024 2023 £ £ £ £ 0 0 0 0 0 1680 1680 1700 0 0 0 535 0 60 60 63 0 0 0 0 0 779 779 353 0 0 0 0 0 1053 1053 118 0 3572 3572 2768 |
|---|---|
For tANALYSIS OF RESOURCES EXPENDED BY EXPENDITURE TYPE
| Wages and salaries Support costs for church services and charitable activities Resources expended on managing and administering the charity Total Resources Expended |
Other Costs Total Total 2024 2024 2023 £ £ £ 0 0 0 19962 19962 7378 3572 3572 2768 0 0 23534 23534 10147 |
|---|---|
6 NET INCOMING RESOURCES (RESOURCES EXPENDED)
| This is stated after charging Depreciation of tangible fixed assets owne Audit & Accountancy Fees Professional Fees |
Total Total 2024 2023 £ £ 0 0 1680 1700 0 535 |
|---|---|
| 1680 2235 |
EVANGELICAL CHURCH WINNING ALL (ECWA) CHAPEL OF INVESTMENT, BIRMINGHAM NOTES TO THE FINANCIAL STATEMENTS For the year ended 31st March 2024
During the year no trustee received any Remuneration (2024 - £Nil) During the year no trustee received any Benefit in kind (2024 - £Nil) During the year no trustee received any reimbursement of expenses (2024 - £Nil)
7 STAFF COSTS AND NUMBERS
| Staff costs were as follows Wages and salaries The average monthly number of employees during the year was as follows Administrative |
2024 2023 £ £ 0 0 2024 2023 £ £ 0 0 |
|---|---|
No employee received remuneration amounting to more than £50000 in either year
For tTANGIBLE FIXED ASSETS
| Motor Vehicles Equipment £ £ Cost 0 0 At 1st April 2023 0 0 Addition in year 0 353 At 30th March 2024 0 3741 0 4094 Depreciation At 1st April 2023 0 0 Addition in year 0 118 At 30th March 2024 0 935.25 0 1053.25 Net Book Value At 1st April 2023 0 0 At 30th March 2024 0 235 DEBTORS Due within one year Cash in hand and at bank Debtors Prepayments |
Fixtures & Fitting Total £ £ 0 0 0 0 0 353 0 3741 0 4094 0 0 0 118 0 935.3 0 1053 0 0 0 235 2024 2023 £ £ 0 0 102405.48 71507 0 0 |
|---|---|
| 102405.48 71507 |
9 DEBTORS
EVANGELICAL CHURCH WINNING ALL (ECWA)
CHAPEL OF INVESTMENT, BIRMINGHAM NOTES TO THE FINANCIAL STATEMENTS For the year ended 31st March 2024
10 Creditors
| Amount falling due within one year Bank Loan and overdrafts Accruals Tax & National Insurance Contribution |
2024 2023 £ £ 0 0 0 0 0 0 0 0 0 0 |
|---|---|
11 Statement of Funds
| Unrestricted Funds General Funds General Funds 1 Subtotal For thRESTRICTED FUNDS Restricted funds SUMMARY OF FUNDS General Funds Restricted Funds |
Brought Forward Incoming Resources Resources Expended Carried Forward £ £ £ £ 71507 54433 23534 102405 0 0 0 0 71507 54433 23534 102405 0 0 0 0 71507 54433 23534 102405 £ £ £ £ 71507 54433 23534 102405 0 0 0 0 |
|---|---|
| Total Funds | 71507 54433 23534 102405 |
12 ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Tangible Fixed Assets Debtors due after more than 1year Current assets Creditors dues within one year |
Restricted Funds Unrestricted Funds Total Funds Total Funds 2023 2023 2023 2022 £ £ £ £ 0 3041 3041 0 0 0 0 0 0 102405 102405 71507 0 0 0 0 |
|---|---|
| Total | 0 105446 105446 71507 |
EVANGELICAL CHURCH WINNING ALL (ECWA) CHAPEL OF INVESTMENT, BIRMINGHAM
Income amd Expenditure statement For the year ended 31[st] March 2024
| INCOME Tithes Offering Thanksgiving Other income (Women Fellowship) Gift Aid LESS: EXPENDITURE Wages & Salaries National Insurance Contributions Property rent and rate Sunday School Manual Printing & stationery Hotel & Accommodation Honorarium Evangelism Entertainment Pastor’s allowance Retreat and conference Events – New year dinner & Funday) Welfare Expenses Postages IT Software and Consumables Toiletries and first aid Travel and Subsistence Telephone & Fax General Expenses - Birmingham City Miss Advertisement Professional Fees Audit & Accountancy fees Repairs Bank charges Depreciation – Motor Vehicles Depreciation – Equipment Depreciation – Fixture and fittings TOTAL EXPENDITURE NET INCOME FOR THE YEAR |
£ £ £ £ 40365.49 17533 5781.55 14881.45 0 0 0 150 8285.59 5369.63 54433 37934 0 0 0 0 1870 1724 0 0 0 0 0 0 0 152.49 0 0 186 1669 0 0 0 0 0 0 13998 3383 0 0 779.44 352.68 0 0 3308 450 0 0 600 0 0 0 0 535 1680 1700 0 0 60 63.2 0 0 1053 117.5 0 0 23534 10147 30898 27787 2024 2023 |
|---|---|