**THE PROSPERITY’S CHURCH of JESUS CHRIST**
## **Charity No 1154736**
## **ANNUAL TRUSTEES REPORT AND ANNUAL ACCOUNTS**
**For the Year Ending 31[st ] March 2024**
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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:** Unit 2 Cross Green Way, Leeds, LS9 0SE
**Registered Office:** 96 Lea Farm Drive Leeds, LS5 3QH **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 2024**
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 2024.
## **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:
- Promotion of the Christian faith through worship, teaching and associated with religious services and activities, including
- The relief of poverty amongst church members and the general public, especially in the United Kingdom but also,
- Other parts of the world as the Trustees may decide.
## **Types of Activities**
- 1) It makes grants, donations, loans and gifts to individuals
- 2) It makes grants, donations or gifts to organisations
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**THE PROSPERITY’S CHURCH of JESUS CHRIST**
- 3) It provides human resources.
- 4) It provides buildings/facilities/open space.
- 5) It provides services.
- 6) Provides advocacy/advice/information.
- 7) Sponsors and undertake research.
- 8) Acts as an umbrella or resource body.
## **Beneficiary Groups**
1. General public and all mankind.
## **The main Activities and Achievements**
We had our AGM on the 10st of December 2023 and the accounts been submitted to the members.
The following is the chairman's report for April 2023 to March 2024.
- 1) The regular church services activity every week went as usual throughout the year under review.
- 2) In Summer 2023, the church had some days out to meet with people physically in the community.
- 3) During the period under review, the church managed to host the special Youth Meeting physical.
- 4) We missed the Passover Conference due to lack of finance.
- 5) We are planning to re-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.
- 6) 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 has not significantly changed compared to the previous year and as a result we could not meet our planned goals. However, the church managed to hold meeting in physical, leading to many members been able to start slightly making their normal donations as in the previous years. Hope these financial challenges will easy out as we have moved to another more accessible venue, and as church members can now physically meet this will boost our donations. The donations from church members have been the only 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 2024, 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 2024**
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 2024, 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: -
1. Which gives me reasonable cause to believe that in any material respect, the requirements: -
- To keep accounting records in accordance with section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Regulations, and
- 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**
2. 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).
16/09/2024
Mr. Peter Sama Suite 4.6, 4th Floor Standard Buildings 94 Hope Street Glasgow, G2 6PH
## **Relevant professional qualifications and body**
AIA – Member of the Association of International Accountant ACIE – Affiliate Member
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**THE PROSPERITY’S CHURCH of JESUS CHRIST**
## **Statement of Receipts and Payments**
## **For the Year Ended 31th March 2024**
|**Receipts**
**Voluntary Receipts:**|**Note**|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total for**
**2024**
**Total for**
**2023**|
|---|---|---|
||||
|Membership Donations||25,245.00
-
25,245.00 23,213.00|
|Grants|4|18,571.00 - 18,571.00 -|
|Gross Receipts from other Charitable Activities||-
-
- -|
|Bank Interest
Proceed from sale of Fixed Assets
Proceed from sale of Investments
**Total Receipts**
**Receipts from Charitable Activities**
**Receipts from Assets & Investment Sales**||- - - -|
|||**43,816.00 - 43,816.00 23,213.00**
- - -
-
- - -
-|
|||**43,816.00 - 43,816.00 23,213.00**|
||||
|**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**|5
6
7|-
-
-
-
42,316 -
42,316
21,818
- -
-
-
1,500 -
1,500
1,400
- -
-
-
- -
-
-|
|||**43,816 - 43,816 23,218**|
|||**- - - - 5**
- -
-
-|
|||**- - - - 5**|
||||
**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 2024**
||**Unrestricted**|**Restricted**|**Total for**|**Total for**|**Total for**|
|---|---|---|---|---|---|
|**Funds Reconciliation**|**Funds**|**Funds**|**2024**|**2023**||
|Cash at Bank & in Hand - 01/04/2023|7,394 -|7,394 -|7,394|7,399||
|Surplus/(Deficit) for the year|-|-|-|-|5
-|
|**Cash at Bank & In Hand**|**7,394 -**|**7,394 -**|**7,394**|**7,394**|**7,394**|
|**Bank and Cash Balances**||||||
|Bank Deposit Account|- -|- -|-|-|-|
|Bank Current Account|7,394 -|7,394 -|7,394|7,394|7,394|
|Cash in Hand|- -|- -|-|-|-|
||**7,394 -**|**7,394 -**|**7,394**|**7,394**||
|**Other Assets (Unrestricted Fund)**||||||
|Equipment at cost: Office Equipment|- -|- -|-|-|-|
||**- -**|**- -**|**-**|**-**|**-**|
|Equipment at estimated value:|- -|- -|-|-|-|
||**-**|**-**|**-**||**-**|
|Fixture & Fitting at cost:|-|-|-||-|
||**-**|**-**|**-**||**-**|
|**Total**|**-**|**-**|**-**||**-**|
## **Liabilities (Unrestricted Fund)**
The organisation had no Liability as at 31th March 2024 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 2024**
## **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
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.
|**Grants received**
Council COVID - Grant|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total for**
**2024**
**Total for**
**2023**|
|---|---|
||-
-
-
-|
||-
-
-
-|
## **5. Cost of Charitable Activities**
|Outreach Activies
Building Rent
Electiricity & Gas
Pastors Allowance
Travel, Hotel & Accommodation
Evangelisation
General Insurance
Stationery, Printing & Postage
Telephone & Internet
Entertainment
Maintenance
Material
Guest Speakers
Other Expenses
**TOTAL**|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total for**
**2024**
**Total for**
**2023**|
|---|---|
||650
-
650
-
12,000
-
12,000
6,000
960
-
960
960
14,992
-
14,992
11,658
1,561
-
1,561
645
2,757
-
2,757
-
-
-
-
1,300
-
-
-
65
-
-
-
160
7,116
-
7,116
391
1,100
-
1,100
-
129
-
129
155
1,036
-
1,036
214
15
-
15
270|
||**42,316**
**-**
**42,316**
**21,818**|
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**THE PROSPERITY’S CHURCH of JESUS CHRIST**
## **Notes to the Accounts - For the Year Ended 31st March 2024**
## **6. Grants & Donations made**
There was no donations nor grant that was made during the period.
**----- Start of picture text -----**
||||||
|---|---|---|---|---|
|Unrestricted|Restricted|Total for|Total for|
|funds|funds|2024|2023|
|Grants|-|-|-|-|
|Charitable Donations|-|-|-|-|
|-|-|- -|
|7. Governance Costs|
|Annual Accounts & AGM|1,150.00|-|1,150.00|1,150.00|
|Independence Examination|350.00|-|350.00|250.00|
|-|-|-|-|
|Legal Advice|
|1,500.00|-|1,500.00|1,400.00|
**----- End of picture text -----**
## **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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