REG15fERED COMPANY NUMBER: 08833424 (England and Wales) REGISTERED CHARrrY NUMBÉR: 1156317 ASSEMBLIES OF THE FIRsf BORN TRUSTEES, REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31JULY 2022
LeDI •nd Admlnlstr•t Informa TTU5tees' Rewt 4t07 Independent Examinerfs Report st•tsmeftt of Anandal Artl¥lOes B•lanc• She•t io Notes to the Finandal A¢tl¥ltSes lito
Rev A Brown Revj l GreeTrWri8ht Mr H EThornas E K Vassell COMPANY SECREfARW. Rev E K Vassell REGISTERED OFFICE: The HolyTrinity Churth 117 London Road Der DEI 2QS REGisfERED COMPANY NUMBEI 08833424 (England and Wales) REGISTERED CHARITY NUMBEK. 1156317 INDEPENDENT EXAMINEI Ar1rla James Ogunsanwo San Phillips finan Limited 74 Ket¥in Gardens Croydon Surrey CR04UR
The 8oard of Trustees are pleased t¢> present our report and CoUnts for the year ended 31 July 2022. The trustee5 are also dlrectots of the tharlty for the purposes of the Companles Acl 2C(6. The flnanclal statements have been prepared In accordance with the Companles Act 2(MJ6. the Charitles Act 2011 and Accounting and Reportin8 by Charlties: Statement of Recommended Practice ISORPI applicable to charities preparing their accounts In accordan with the Finandal Reportln8 Stsndard applicable In the UK and Republic of Ireland {FRS102), eireci1 l January 2021. By the Grace of God and the unwavering support arKI help oftyjrthurch mlnisters. offlcers. Mernbe and volunteers we were able to continue on our mission and meet many of our objectives for the year and tske on some addillonal reSP1b11Itle$. The Charlty. Assemblies of the Flrst Born. has fourteen local church branches throu8hwt the UK based ID London, Croydon. Luton. Swindon, Bristol, Birmingham, Walsall. Derty and Nottin8ham. We afso share fellowship with other churthes in our localities and intemationalty in Jamaica, USA and India and have three International partner thurthes based in New York and Florida in the U&L We have been established since 1961 and celebrate the past endeavours of our founding father aThl mothets who were part of the Windrush Generation and are excited about future. The Assemblies ofthe First Born Churth is cornmitted to reathing out toas rnarry people as possible with the message of the good news of thegospel ofjesus Chrlst and help people to their wtential and live a fulfillln8 life. The Church is a member of the Evangelical Ajliance, the National Counal for Voluntary (kganisations INCVOI, the Association ofchurth Accountsnts and Treasurers {ACATI and the Pentecothl Credit Union {PCU). The Trustees are also indebted to our StatutoryAu¢frtor& Leroy Reid & Co. Chartered Certified Au(fitors, 299 Norborough Road, Norbury* London SW16 4TR WI Sin 2015 have prerfbously audited our accounts and whose continuing support and available advice was been paramount in helping us to meet our statutory responsibilitres over the last few years. We are also grateful to both NVCO (the National Council for Voluntary Organisationl and ACAT ltheAssociation of Churth Accountsnts and Treasurers) for their support resources and ad made available to Us a5 rnember& OBJEcfivES AND AcrivmES Publlc benefft The Trustees are aware of the Chartty Commission's guidelines on pubfic benefiL The work of the Charity tncludes the provislon of free to use places of worship• prayer and public orientated activities. The funds raised by the Chartty are wholly directed toward5 the religious and charitable objettlves of the Charity. The Trustees are therefore of the Niewthatthe Charity satisfies the uiteria laid done for meetingthe ptsblic interest tesL r mlsslon Is to: To preach and teach the eospel of Jesus ChrlsL To evangelise and win soul& To work withln our communrty. To bulld a thurch of believers who are empowered and equipped to achieve their full potential. To malntain a frlendly and loving envlronment where everyone can flourish feel attepted. To encourage belielers to recognise thelr spiritual grfts so that they rnay operate within those mistyle$.
thjr set obJecd¥es lor th& repthtlry)ur rt01 our mlsslon Inthded holdlni •rMI dell¥er1 the foll• •etl¥hlek' General Convention 2022 Women's Convenfjon 2022 Youth Conventlon 2022 Regional and local evangellsllc outreath and fellowship meetings Local weekly Sunday school sesslons Local weekly prayer meetings aThJ bible study sessions Home and $UPFrt vislts to unwell members, families and frlends Hospital visits Care home wsit Provision of baby and thild ble55ing5 Provision of baptisms Provision of wedding cerernonies Provislon of funeral services In addition. we have been able to probryde food banks and dlstribute both food and clothing to those In need within our local communitres. qi ERNAN MANA EME Govemlng d(Kument The CharItae company is govemed by a Memorandum and Artides of Association dated 13th Novernber 2013 and was incorporated as a limited company limited by guaFantee on the 6thJanuary 2014. as defined by the Companies c 20C The old charity fomerly known as Assemblies of the Thrst Bom, charity no. 258457 was converted into Scheme under the guidance ofthe Charity Commission on 16th October 2014, whereby the old charity has been removed and rfrestsblished as Assemblies of the First Born Charity and linked to the principal charity using tharity no. 1156317-01. For purposes of Part11 Ireeistrationl and Part Vl (accountlngl of the Charities Att 2011. the comrnission directs that as at the date of the Scheme shall be treated a5 forming part of the company. Under the Scheme to the Company as Trustees to be held in trust for the objed of the Charity. The objects of the Charity are for the advancement of the Chri5knan faith for the benefft of the public according to the rites and doctrine of the Churth of the Assemblies of the FI Born and to further such exclusivelv charitsble Tellou5 purpo according to Enelish law as the Trustees shall from tlme to time direct in ary part of the World. The Members ofthe Board ofTrusteeswho served durln8 the year were: Rev E K Vassell- Chalr Rev A Brown Rev J l Greertrwright Mr H EThornas All Trustees are famlllar with the working5 ofihe thurth and drity beine drawn from long-standing members. s required by our goveming document, all Trustees areselected by the Board of Trustees. An induction into the role and responsibilities is provlded. The Board of Trustees Working with the Exeortive Board to provide Strategic leadership for the actbvitles of the charity and with our Ministers Council working wlth local church officers and member5 tt> implement the decisions of the Trustee and Executive Boards.
Related P4rtles The trustees are aware that each memberof the Bo•rd of Trustees, the eMeoJtl¥e board rnembers, all ordained rnlnlsters and ihelr spouses are consldered to be related partle Stsff and Volunteers The effort, commitment and skllLs of our stsff and ¥olurrteers are at the heart of our charlty. Our secretarles. treasuref5, mernbers. and outreath Tmufkets are truly valued, and we are committed to ensurln8 thelr health. safety and wel14>ein8. Rlsk m•n•iement Ind s11 The Trustees have a duty to Identify, manage and review the risks to whlch the charity is exposed and to ensure appropriate financial controls are in place to pmwde reasonable assurance against fraud and error. The Board conducts reviews of major risks to whlth the tharlty ts ewed and has in place adequate guidelines aTr procedure5 for Identlfyin& monltorSn8 and managemert of those rlsk& The Health and Safety and Safeguardlng of all our wsitor5 and members Is a central prlortty and we also undertake DBS thecks and provide trainin8for staff and volunteers as appropriate. Grant makin The Charity does not make any si8niffont grants to Indmduals or other organlsations. The Charity does however, assist or make contributions to other associated thurthes In Jamaica. India and the USA in regards to the fulfilment ¢f our charitsble objects. Future pl4n5 The Assemblies of the First Born thu is commltted to ContINU$ improvement to our ability to spread the good news of the gospel of Jesus (hrist. We have the followlngthree ongoing future str*eEic obiech¥es: L Evangelism and OLrtreach- we plan to Inuease our evangeliC activibes indudlstreet e¥angelism, family and friends evangdism and social media e¥pngelism. l Disapleship-we plan to ¢ontinue to proNide discipleship and mentoring stssions for new and exlsting membefs. Training and Development-we plan to implement an iTrhousetraining programme based on identified needs and si8npost members to re¢ommended extemal tTrlnlng providers. FINANCIAL REVIEW Flnancial Position The total incoming resources for the year was ££246.81912021- £260.8781 and totsl resources expended was £215,911 reporting a surplus of £30.908 when compared to a surplus of £30,475 in the previous year. ReseTve polliy It b the pdlcy of the Board of Trustees to malntain a balaTr of lIable unrestricted fund5 whith Is equal to six months of planned expenditure for the current financial year. The Trust considerthat reserves at this level will ensure that in the event of significant reducbon in income theywill be able to continue the Charitrfs current activities while colderation 15 gNen to ways in which additional funds can be identified. The Charitys reserves as at the end of the year 31 July 2022 was £3,902,588 {2021- £3.871.6801.
srATEMENT OF TRusfEES RESPONSIBILMES The trustees (who are also dlrectors of the Assemblles of the Flrst Bom for purposes of eompary law} are responslble for weparingthe Trustees report and flnandal statements In accordance wlth applicable law and United Klngdom Accounting Stsndards Iunlted KIWM Generally Accepted At£ounfjffd Pfathcel Including Hnandal Reportlng Standard 102 Tr Flnandal Reporti% Standard applicabte to the UK and the Republlc of Ireland". Company law reQue5 the trustees to prepare finandal ststernents for eath financial year whith is wes a true and fair view of the state of the charitsble company ?nd of the incoming resources and applicatlon of resources, Induding Income and expenditure of the charitsble cornpany for that period. In preparing those finanaal ststements the trustees are required to: selertsuitaLle accounting policies and then apply thern consistently; ebserve the methods and principles in the charity SORP: make judgements and estimates that are reasonable and wudent; prepare the financial ststements on the going concem basis unless It is inappropriate to presume that the tharitable companywill continue In busin TheTrustees are responslble for keeping prow accountlng records whkh disclose with reasonabty a¢curaoi at any given time the financial p05ftion of the charitsble company and to enablethem to ensure that the flnancial ststements compty wth the Companies Act 2(th. are also responsible for safeguarding assets of the tharitable company and hence for takiw reasonable steps forthe prevention and detectlon of fraud and other irregularities. Approved by the Board On 24th FebNary 2024 signed on its behalf, as auth0ri5ed by: -g. Errol Vassell Chaimian
Independent Ex•mlnerfs Report to the Tnmlees olthe Assernblles of the Rrst Oom I feport ¢)n the accounts of the tharltsble company forthe year ended 3111 July 2022. whith are set out on pages 9. 10, 11, 12, 13 and 14 In thls ReporL Respecdve fesponslblllile5 of thetrvstee4nd emamlner. The charlvs trustees are responslble forthe preparatlon of the accounts. The tharity trustee considers that an audlt Is not requlred for thls year uThler sedon 144121 of the Charftles Art 2011 (the 2011 Artl and that an Independent examlnatlon b needed. It b my rè5ponslbilityto: eyamine the accounts under sectlon 145 of the 2011 Atr, follow procedures laid down In the 8eneral Direction gNen by the Charity Commission under sectlon 145151 (bl of the 2011 Act: and to state whether particular matters thme to ftry attention. 8asls of the Independent ex*mlnerfs report My eyamlnation was orried out In accordarKe with thegeneral Directlon given by Charity Commission. An examlnation Includes a review of the accountirE record5 bythe chartty a comparison of the accounts presented with those records. It Includes consideration of unusual items or disd05ure5 in the accounts and seeking explanations. Form you 45 trustees concerning any such matter5. The procedures undertaken do not provide all the evidence that would be required in an audit and consequenty 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 exam1rS ststement In ¢onnedion with my exarnination, no matter has come to rrry attention: l. whith give me reasonaeau$e to believe that in ary material reSl the requirernerrts to keep accounting records in accordancewith secticffi 130 of the 2011 Act; and to prepare accounts which accord with the accountirg records and complywith the accounting requirements of the 2011 Art have not been met; or to whkh. in my opinion, attenlion should be drawn In orderto enable a proper understsndlr8 of the accounts reathed. Arlnola James Ogunsanwo San Philllps Flnance Llm5ted 74 Kefvin Gardens Croydon Surrey CR04UR Oate: 24th February X124
2022 Unrestrlrted funds 2021 Totsl funds INCOME AND ENDOWMENTS FROM Donatlons and legaaes 174.533 198,879 Investment incorne 72,286 6L999 Totsl I4619 26078 EXPENDFfuRE ON Charitable activi Church 215.911 230.403 Total 215,911 230A03 NEf INCOME{EXPENDfTURE) 30N75 RECONCIUATION OF FUNDS Total funds brtyJ8htfon¥a 3A71.680 341.205 TOTAi FUNDS CARRIED FORWARD 1901588 3A7L680 The notes forrn part of these finandal statements
BUESO 2022 Unrestrf¢ted funds zozi Totsl funds TOTAL AXED ASSErs Tangible assets 4,206A161 4,213,638 CURRENf ASSETS AND LIABIUTIES Debtors io 6A67 7,767 Cash at bank 308.582 322,130 CREDITORS Amount falling due within one year li {86.4751 {92.5291 NcURRE ASSErs 228,574 237,368 TOTALASSEfs LESS cuRRETr UABILtnES 4.434.635 4,451,LKJ6 CREDrroRS Amounts falling due after more than one year li 155L927) 1579,3261 NEf ASSErs 3.881708 387L680 FUNDS Unrestricted 3.882,708 3.871.680 TOTAL FUNDS 3.882.708 3.871.680 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small tharities regime. Approved and authorised for issue by the Trustees on 24th February 2024 and signed on its behalf by: -g.k.U Errol Vassell Chalmian io
ACCOUPMNG pouaE5 IS OF PREPARING THE RNANCIAL srArEMENTS The finandal statements of the tharitable comparry, whlch is a public benefit entity under FRS 102, have been prepared in accordanre with the Charities SORP IFRS 102}'Accountin8 and Reporting Charitres: Statement of Recommended Praciice applicable to charilies preparing their accounts in accordance with the Financial Reporting5tandard applicable In the UK and Republic of Ireland IFIiS 1021 leffective ijanuary 20191,, Financial Reporting Stsndard 102 the Flnandal Stsndard applicable in the UK and RÈputAic of Ireland and the CompaniesALI 2(. The financial statements hale been prepared under the hkstorical cost con¥entbOn. 114COME All iftcorne is recoenised in the Ststement of Financial Activities once the charity has entittement to the funds, it is probable that the income will be received and the amount can be Measured reliabfv. EXPENDITVRE Liabilities are recognised as expenrfrture as soon as there Is a lerdl or constructive obligation committing the charity to that expenifrture, it is probable that a transfer of economic benefit wlll be required in settlement and the amount of thè obfigafjon can be measured relh7b. expendiiure Is accounted for on an accrual basis and ha5 been da5sified under heading5 that aggregate all cost related to the category. Where costs cannot be directly attributed to partbojlar headings they have been allocated to athvtbes on a basis nsIStent with the use of resources. TANGIBLE FIXED ASSErs Depreciation is provided at the follo¥&ryng annual rates in orderto write off each asset over its estimated useful life. Freehold property Fixtures and ffittlngs Motor vehkles Computer equipment - 15% on reducir8 balance - 20% on reduow balarte - 25% on reduurg balance TAXATION The tharity Is exemptfrom corporth tsx on ts tharitsble athvitle* FUND AccoupmNG Unrestricted funds can be use in Xfordan with the charitable objectives at the discretion of the trustees. Restrirted fvnds Can only be used for particular restrirtÈd purp)sÈs with the objerts of the charity. Restriction5 arise when specified by the donor Of twhen funds are rdlsed for particular restricted purposes. Further explanation of the nature and purpose of eath fund is induded in the notes to the financial statements. li
174533 174533 8J79 61361 Dewsrt account InteSt 32 TOTAL INCOMING REsOuRs notr 61 Church 5L174 208523 Olrect Co#$ of (harllableadl¥ldes Rates and water Insurance ght and heat Telephone Postage and stslionary Sundry experses Hire of hall Convention expenses Gifts and donations Motor and trnvel experses Catering and hospitar aeaning and laundry Horal arrangements Premises rnaintenan Small equipment purchases Youth Forum expenses Fines and penallies Bank tharge5 Depreciation of tangible fi¥ed assets 4y2 19262 45.784 5.172 4256 17398 4.993 1446 661 1.489 4.410 15.702 L658 16.186 L783 5329 712 )1 9343 50 17CK) L998 1703 10,162 157349 150.933
Totall Churth 24.746 26A28 51.174 Interest payable and sjmilar charges Trustee< rnnurneration etc Wa8es Legal and professlonal tss Administrallon and Audil fees 24,746 14AOO 25A33 14.4CI) 10,436 25,749 5&562 53.637 Total Expenditure 215911 Net Income 30A75 7. TRUSTEEY RENUMERATION AND BENEFrrs 202Z 20 Trustee< 5alarie5 14ACK) 14.400 TRusfEES' EXPENSES Therewere no trust experw paid from theyearended 31stJuty 2022 norforthe yeaf ended 31stJuly 2021. 20 2021 Wages and salar 22380 2L888 The avuage monthly number ofemployees during the year 2022 Number 2021 Number Generdl olseer and Adminlstrdtof There were no employees whose annual emoluments were £60.IMMJ or more.
- TANGIBLE FIXED ASSEf5 Flxturej and Ildln FehOkl pmpertv vehkles equlpmert Tola COST At 1st August 2021 and 315t july 2022 4,161564 223,625 91580 14,679 4,492A48 DEPRECIAMON At 1st August 2021 Charges for year 190,082 5,746 73,264 I33 462 277339 At 3tstJuly 2022 195,828 76,198 14AS5 286387 NET 800KVALUE At 31st July 2022 At 31stJuly 2021 4.162.564 4.162,S64 27.797 37.149 15382 17AOI 224 266 4,206,061 4,213,638
- DEBTORS: AMOUNTS FALLING DUE ONE YEAIL" 2022 20 Other debtOT5 6,467 7,767 IL CREDITORS: AMOUNTS FAWNG DUE WITHIN ONEYEAR 2022 2021 Bardaycard Other credltors 374 86.101 651 91,878 86A75 91529 11 CREDtroiLS: AMOUNT5 FALUNG DUEAFTER IILIRETHAN ONE YEAR 2022 2021 Bank loans 551.927 579.326
- LOANS An analy515 olthe rnaturity of loans is given belty*: 2022 2021 Amount falllng duè between two and five years: Bank loans- 2-5 years 55L927 579.326 14
14 MOVEMENf IN FUNDS Net movernent In funds At 31.7.22 At IA.21 Unrestrfcted funds General Fund TOTAL FUNDS 3,871,680 35.607 3307,287 3A71.680 35.607 3,907,287 Net movement In funds. Included In the above are as follows: Incornlng Resources pended Movement in funds Unrestrlcted funds General Fund TOTAL FUNDS 246,819 1215,911) 246,819 (215,911) 30208 IS. RELATED PARTY DISCLOSURES During the year the following related party transart10 occurred between the trustees of the Charity as follows: l. Stipend payments were made to the DrSeer, Bishop Jennrfer Green-wright forthe sum of £14.40012021- £14.4CKII. The basis ofthese payments vrds approved ty the Board of Twstees of the Charity on the 17th January 2017. 2. Stipend payments to Rev Erro5 Vassell were appro%*d by the Board of Trustees on the 17th January 2017 for the provision of annual administration, flnanaal contrd and intemal policies and trainin8 and devel¢pment activities for the sum of £3.60012021-£3.6IyJi. 3. A loan of£20.OCI) was made tothe Charity by Rev Errol Vassell beiween the 4th Decernber 2020 and 22nd June 2021 and remains outstanding at the end of the year. 4. A loan of£8,500 was made to the Charity by Mrs Miriam Walker¢)n the 6th March 2020. Mrs Walker. an ex- tnjstee of the Charity. is now decea5ed1511V2020) remains outstanding at the year end. The Estate ofthe late Mrs Walker is now the legally responsible partyto reo)ver the amount on behalf of the Estate. 15