THE PROSPERITY’S CHURCH of JESUS CHRIST
Charity No 1154736
ANNUAL TRUSTEES REPORT AND ANNUAL ACCOUNTS
For the Year Ending 31[st ] March 2021
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THE PROSPERITY’S CHURCH of JESUS CHRIST
TABLE OF CONTENTS
| Page | |
|---|---|
| Reference and Administrative Details |
3 |
| Trustees Annual Report | 4 |
| Independent Examiner’s Report | 8 |
| Receipts and Payments Accounts | 10 |
| Statement of Balances | 11 |
| Notes to the Annual Accounts | 12 |
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THE PROSPERITY’S CHURCH of JESUS CHRIST
REFERENCE AND ADMINISTARTION
Charity Name: The Prosperity’s Church of Jesus Christ
Charity Registration Number: 1154736 Principal Office: 1/12 to 1/19 Westpoint Business Park Westland Square BEESTON LS11 5SS United Kingdom Registered Office: 79 Rosevile Road Leeds LS8 5DT United Kingdom Current Trustees: Joseph Abraham Masukulu - Kiesse Sara Esengo Masukulu Luwawu Ndombasi Monique Makuluwani Ruth Lilamu
Trustees retired: None Independent Accountants: Ethnic Minority Resource Centre Suite 4.6, 4th Floor Standard Buildings 94 Hope Street Glasgow, G2 6PH
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THE PROSPERITY’S CHURCH of JESUS CHRIST
Trustees’ Annual Report
For the Year Ended 31[st] March 2021
The trustees have pleasure in presenting their report together with the financial statements and the independent examiner’s report for the year ended 31[st] March 2021.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Constitution
The Prosperity’s Church of Jesus Christ is a registered charity in England and Wales, registration number 1154736. All its affairs are governed by the Board of Trustees as stipulated in the constitution of The Prosperity’s Church of Jesus Christ, which was adopted on 01/04/2013 and amended on 18/10/2013.
Appointment of Trustees
Trustee members are appointed by Annual General Meeting established by the constitution. An induction programme for any new members will takes place at which training, and governance support is given to ensure that Trustee members are familiar with the Charity's values, aims and responsibilities in their role as designated trustees of the charity.
Charitable purposes
The advancement of religion
Objectives
The objective of The Prosperity’s Church of Jesus Christ is to advance the Christian religion by:
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Promotion of the Christian faith through worship, teaching and associated with religious services and activities, including
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The relief of poverty amongst church members and the general public, especially in the United Kingdom but also,
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Other parts of the world as the Trustees may decide.
Types of Activities
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1) It makes grants, donations, loans and gifts to individuals
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2) It makes grants, donations or gifts to organisations
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THE PROSPERITY’S CHURCH of JESUS CHRIST
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3) It provides human resources.
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4) It provides buildings/facilities/open space.
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5) It provides services.
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6) Provides advocacy/advice/information.
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7) Sponsors and undertake research.
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8) Acts as an umbrella or resource body.
Beneficiary Groups
- General public and all mankind.
The main Activities and Achievements
We had our AGM on the 10st of December 2019 and the accounts been submitted to the members.
The following is the chairman's report for April 2020 to March 2021.
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1) There were no regular church services every week as usual throughout the year under review due to lockdown caused by COVID - 19.
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2) From April 2020 the church continued with the services through ZOOM and YouTube.
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3) In Summer 2020, the church had some days as the lockdown was eased to allow church meetings in physically while observing all the COVID19 rules.
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4) During the period under review, the church was not able to host the special Youth Meeting physical but through ZOOM.
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5) We also missed the Passover Conference due to COVID - 19.
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6) Also we could not organize annual Conference for all individuals in the city of Leeds as planned; this campaign aims to bring restoration to all people in this city. The campaign is directed to touch one’s family, relationship, spirituality and so much more.
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7) Other activities conducted outside our normal Sunday service during the year are: - Children Sunday class, youth groups, Ladies meeting, Men’s fellowship, prayer groups, we conducted special Sunday services like Mothers and Father’s Day, Children Sunday service, Youth Sunday service, Good Friday service, and a New year crossover service.
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THE PROSPERITY’S CHURCH of JESUS CHRIST
Financial Review
The accounts have been prepared on a Receipts and Payments basis and in accordance with the applicable Accounting Standards, Statement of Recommended Practice, Accounting Reporting by charities (SORP 2005) and applicable accounting standards and the charities Acts 1993.
Financial performance:
Our financial performance was significantly weak compared to the previous year due to COVID – 19 as a result we could not meet our planned goals. The failure for church not meeting in physical led to many members not been able to make their normal donations as in the previous years. Hope these financial challenges will easy out when the COVID – 19 restrictions are lifted, and church members can physically meet which can boost our donations. The grant from the city council and support from church members have been a source of revenue for the year under review.
Reserve Policy
The trustees’ policy is to establish and maintain a reserve that can meet at least 3 months of our normal operating costs. Now, the trustees make sure that any finances that remain are held in the charity account to build up our future reserve according to the charity objectives.
Risk Management
First a special meeting called to discuss any special project. Committee members made aware of any risks involved. Once the Funding secured only then project will be approved.
Plans for the Future Period
The church plans to help and bring many people to Christ and support them out of financial difficulties for example Asylum seekers, destitute, students and older people who finds it difficult to use the public transport to come to Sunday service and other meetings.
Declaration
The trustees declare that they have approved the trustees’ report above on 30th August 2021, and signed on their behalf by:
Pastor Joseph Abraham Masukulu - Kiesse Chairman
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THE PROSPERITY’S CHURCH of JESUS CHRIST
Independent Examiner’s Report
For the Year Ended 31 March 2021
Independent Examiner’s Report to the Board of Trustees’ of The Prosperity’s Church of Jesus Christ.
I report on the financial statements of the charity for the year ended 31st March 2021, which are set out on pages 10 to 13.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of the Accounting and Reporting by Charities Act 2005. The charity’s trustees consider that the audit requirement does not apply. It is my responsibility to examine the accounts as required under section 449(1) (c) of the 2005 Act and to state whether particular matters have come to my attention.
Basis of independent examiner’s statement
My examination is carried out in accordance with Regulation 11 of the 2006 Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeks 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, I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention: -
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Which gives me reasonable cause to believe that in any material respect, the requirements: -
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To keep accounting records in accordance with section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Regulations, and
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To prepare Accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Regulations
Have been met
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THE PROSPERITY’S CHURCH of JESUS CHRIST
- In my opinion, the charity trustees of The Prosperity’s Church of Jesus Christ have to continue maintaining and giving easy access to all accounting documents and records, complying with Regulations 9 of the 2006 Accounts Regulations (as amended).
02/09/2021
Mr. Peter Sama Suite 4.6, 4th Floor Standard Buildings 94 Hope Street Glasgow, G2 6PH
Relevant professional qualifications and body
ACPA – Associate Member of Certified Public Accountant
ACCA – Part Qualified Accountant
AMBA – Associate Member of MBA - University of Glasgow MSc IT (Management) – University of West of Scotland Dip. in Performance Auditing – Netherland Court of Audit ADCA – Mzumbe University ACIE – Affiliate Member
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THE PROSPERITY’S CHURCH of JESUS CHRIST
Statement of Receipts and Payments
For the Year Ended 30th April 2021
| Receipts Voluntary Receipts: Membership Donations Grants Bank Interest Proceed from sale of Fixed Assets Proceed from sale of Investments Total Receipts Payments Cost of Fundraising Activities Cost of Charitable Activities Grants and Donations Governance Costs Purchase of Fixed Assets Purchase of Investments Total Payments Surplus/(Deficit) for the year Transfer between funds Surplus/ (Deficit) for the year Receipts from Charitable Activities Receipts from Assets & Investment Sales Gross Receipts from other Charitable Activities |
Note | Unrestricted Funds Restricted Funds Total for 2021 Total for 2020 |
|---|---|---|
| 4 5 6 7 |
31,853 - 31,853 79,673 10,000 - 10,000 - - - - - - - - - |
|
| 41,853 - 41,853 79,673 - - - - - - - - |
||
| 41,853 - 41,853 79,673 | ||
| - - - - 43,016 - 43,016 76,579 - - - - 1,314 - 1,314 1,314 - - - - - - - - |
||
| 44,330 - 44,330 77,893 | ||
| - 2,477 - - 2,477 1,780 - - - - |
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| - 2,477 - - 2,477 1,780 |
The Notes on Pages 11 and 12 form an integral part of these accounts
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THE PROSPERITY’S CHURCH of JESUS CHRIST
Statement of balances
As at 31th March 2021
| Cash at Bank & in Hand - 01/04/2020 Funds Reconciliation Surplus/(Deficit) for the year |
Unrestricted Funds Restricted Funds Total for 2021 Total for 2020 9,876 - 9,876 8,096 - 2,477 - 2,477 - 1,780 |
|---|---|
| Cash at Bank & In Hand | 7,399 - 7,399 9,876 |
| Bank Current Account Other Assets (Unrestricted Fund) l Bank Deposit Account Bank and Cash Balances Equipment at estimated value: Cash in Hand Equipment at cost: Office Equipment Fixture & Fitting at cost: |
- - - - 7,399 - 7,399 9,876 - - - - 7,399 - 7,399 9,876 - - - - - - - - - - - - |
| - - - - - - - - - - - - - - - - |
Total
Liabilities (Unrestricted Fund)
The organisation had no Liability as at 31th March 2021 The charity had both unrestricted and restricted funds
The Notes on pages 11 to 12 form integral part of these accounts
Pastor Joseph Abraham Masukulu - Kiesse
Chairperson
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THE PROSPERITY’S CHURCH of JESUS CHRIST
Notes to the Accounts - For the Year Ended 31th March 2021
1. Basis of Accounting
These assounts have been prepared on the Receipts and Payment basis in accordance with the Accounting and Reporting by Charities Act 2005.
2. Nature and purpose of funds
During the year under review, all of the charity's funds were unrestricted and were used at the discretion of the trustees. The charity received donations from its members and non - members. All the funds received were wholly and exlusively used for pursuit and furtherance of the charity's objects as stipulated in its constitution.
Restricted funds may only be used for specific purposes. Restrictions arise when specified by the donor or when funds are raised for specific purpose. During the period under review, the charity did not receive any restricted funds.
3.Related Party Transactions
There was no remuneration paid to any charity trustee or to any person connected to a trustee during the year
4. Grants Received
There was one grant received by the charity during the year under review.
| Outreach Activies Building Rent Electiricity & Gas Pastors Allowance Transport Evangelisation Maintenance Material Guest Speakers Other Expenses TOTAL Grants received 5. Cost of Charitable Activities Council COVID - Grant |
Unrestricted Funds Restricted Funds Total for 2021 Total for 2020 |
|---|---|
| 10,000 10,000 - |
|
| 10,000 - 10,000 - |
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| Unrestricted Funds Restricted Funds Total for 2021 Total for 2020 |
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| 865 - 865 13,039 12,000 - 12,000 11,000 3,905 - 3,905 3,905 7,482 - 7,482 7,482 3,712 - 3,712 5,970 3,445 - 3,445 12,270 977 - 977 3,022 3,148 - 3,148 10,799 - - - 600 7,482 - 7,482 8,492 |
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| 43,016 - 43,016 76,579 |
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THE PROSPERITY’S CHURCH of JESUS CHRIST
Notes to the Accounts - For the Year Ended 31st March 2021
6. Grants & Donations made
There was no donations nor grant that was made during the period.
| Grants Charitable Donations |
Unrestricted funds Restricted funds Total for 2021 Total for 2020 |
|---|---|
| - - - - - - - - |
|
| - - - - |
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| 7. Governance Costs | |
| Annual Accounts & AGM Independence Examination Legal Advice |
- - - - 1,314.00 - 1,314.00 1,314.00 - - - - |
| 1,314.00 - 1,314.00 1,314.00 |
8. Transfers between funds
There was no any transfer of funds from either unrestricted or restricted funds.
9. Funds collected for other charities
There was no any fund collected on behalf of other charities during the period under review.
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