2021-08-30-accounts - New Chapter Christian International

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Charity No 1158665

NEW CHAPTER CHRISTIAN INTERNATIONAL

MANAGEMENT COMMITTEE REPORT AND FINANCIAL STATEMENTS

For the year ended 31th August 2021

NEW CHAPTER CHRISTIAN INTERNATIONAL

Statement of Financial Activities (including Income and Expenditure Accounts) For the year ended 30th August 2021 .

CONTENTS	2
Legal and administrative information	3
Trustee's report	4 - 5.
Independent Examiner’s Report	6
Statement of Financial Activities	7
Balance Sheet	8
Notes forming part of the financial statements	9 - 15.
The following pages do not form part of the statutory accounts
Detailed income and expenditure account	16

NEW CHAPTER CHRISTIAN INTERNATIONAL LEGAL AND ADMINISTRATIVE INFORMATION For the year ended 30th August 2021

Management Committee

1 Pastor Chukwunonso Emoh Chairman 2 Dr Stivelia Kachilele Secretary 3 Uchenna Nwakuna

Charity No 1158665

Registered Office

63-65 REA STREET Digbeth Birmingham B5 6BB

Secretary

Accountants Jecom & Co Incorporated Financial Accountants (IFA) 276`Monument Road RdgbEdgbaston Birmingham B16 8XF.

Bankers HSBC

NEW CHAPTER CHRISTIAN INTERNATIONAL MANAGEMENT COMMITTEE'S REPORT For the year ended 30th August 2021 .

The Management Committee who are also the trustees of the charity submit their annual report and the financial statements of NEW CHAPTER CHRISTIAN INTERNATIONAL(the Charity) for the year ended 30th August 2021. The Management Committee confirm that the annual report and financial statements

of the Charity comply with current statutory requirements, the requirement of the Charity's governing document and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities issued in September 2000.

Method of appointment or election of Management Committee

The Management of the Charity is the responsibility of the Management Committee who are elected and co-opted under the terms of the Articles of Association.

Constitution policies and objectives

The Charity is registered as a charity and was set up by The charity commission.

The principle object of the Charity is to organise church services, community services, mentoring and advice nursery and teaching of children, adult and youth

There have been no changes in the objectives since the last annual report.

Organizational structure and decision making

The organization of the Charity is controlled by the members of the Management Committee.

Review of activities

During the year the Charity received a total of £32,025 from grants and other sources. The financial results for the year are shown in the annexed accounts

Reserves policy

It is the policy of the management committee to work towards holding the minimum reserves necessary to enable the Charity to meet its commitments for a minimum period of three months.

NEW CHAPTER CHRISTIAN INTERNATIONAL MANAGEMENT COMMITTEE'S REPORT For the year ended 30th August 2021 .

Management committee's responsibilities

Charity law applicable to charities in England/Wales requires the Management Committee 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 Management Committee have

selected suitable accounting policies and applied them consistently,
- made judgments and estimates that are reasonable and prudent,
stated whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements, and
prepared the financial statements on a going concern basis (unless it is inappropriate to presume that the Trust will continue in operation).

The Management Committee 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 Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the detection and prevention of fraud and other irregularities. These account has been delivered in accordance with the provisions applicable to chariries subject to the small companies regime.

The report was approved by the Management Committee on …...… and signed on its behalf by

Dr Stivelia Kachilele Secretary

NEW CHAPTER CHRISTIAN INTERNATIONAL Independent Examiner’s Report to the trustees of

NEW CHAPTER CHRISTIAN INTERNATIONAL For the year ended 30th August 2021

I report on the accounts for the year ended 30th August 2021 which are set out on pages 8 to 16 Respective responsibilities of trustees and examiner

The charity’s trustees consider that an audit is not required for this year (under section 43(2) of the charity Act 1993 (the Act) and that an independent examination is needed.

It is my responsibility to:

Examine the accounts (under section 43 of the Act), to follow the procedures laid down in the general Directions given by the Charity Commission (under section 43(7)(b) of the Act), and to state whether particular matters have come to my attention.

Basis of Independent examiner’s report

My examination was carried out in accordance with General Directions given by the Charity Commission. 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 seeking explanations from you as 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 the course of my examination, no matter has come to my attention:

Which gives me reasonable cause to believe that in, any material respect, the requirements: to keep accounting records in accordance with section 41 of the Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act; have not been met; or
To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

J. Okundaye AFA FFTA FIAB

Jecom & Co Incorporated Financial Accountants 276 Monument Road

EdgbEdgbaston Birningham B16 8XF

NEW CHAPTER CHRISTIAN INTERNATIONAL

ACCOUNTANTS REPORT TO THE TRUSTEES For the year ended 30th August 2021 .

In accordance with the instructions given to us we have prepared, without carrying out an audit the financial statements for the year ended 30th August 2021 set out on pages 7 to 16. These financial statement has been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective June 2002) under the historical cost convention and the accounting policies set out on page 8 to 9. from the accounting records of the Charity and from information and explanation supplied to us.

a] the accounts of the Charity for the year ended 30th August 2021 are in agreement with the accounting records kept by the Charity under section 480 of the Companies Act 2006; and
b] having regard only to, and on the basis of, the information in those accounting records, those account have been drawn up in a manner consistent with the provisions of the Act as specified in subsection 476 so far as applicable to the charity.

Jecom & Co Incorporated Financial Accountant 276 Monument Road Edgbaston Birmingham B16 8XF.

NEW CHAPTER CHRISTIAN INTERNATIONAL STATEMENT OF FINANCIAL ACTIVITIES For the year ended 30th August 2021 .

		Restricted	Unrestricted	Total	Total
		Funds	Funds	Funds	Funds
		2021	2021	2021	2020
	Note	£	£	£	£
INCOMING RESOURCES
Donations legacies and similar incoming
resources	2		0	0	31550
			0	0	31550
RESOURCES EXPENDED
Charitable expenditure:
Cost of activities in furtherance of the
charity's objects			8654	8654	5038
Support costs for grants and activities	3		0	0	0
Resources expended on managing and
administering the charity	4		7607	7607	19082
			0
TOTAL RESOURCES EXPENDED	5		16261	16261	24121
MOVEMENT IN TOTAL FUNDS FOR THE
YEAR - NET INCOME/(EXPENDITURE)
FOR THE YEAR			-16261	-16261	7429
TOTAL FUNDS AT 30th August 2021			-16261	-16261	7429
TOTAL FUNDS AT 30th August 2020			5342	5342	5342

The Statement of Financial Activities includes all gains and losses recognized in the year The notes on page 10 to 15 form part of these financial statements

NEW CHAPTER CHRISTIAN INTERNATIONAL BALANCE Sheet As at 30th August 2021 .

FIXED ASSETS Note Tangible fixed assets 8 CURRENT ASSETS Debtors 9 0 Cash at Bank and in Hand 753 753 CREDITORS - Amount falling due 10 within one year -13126 NET CURRENT ASSETS NET ASSETS 12 CHARITY FUNDS Restricted Funds 11 Unrestricted Funds 11	FIXED ASSETS Note Tangible fixed assets 8 CURRENT ASSETS Debtors 9 0 Cash at Bank and in Hand 753 753 CREDITORS - Amount falling due 10 within one year -13126 NET CURRENT ASSETS NET ASSETS 12 CHARITY FUNDS Restricted Funds 11 Unrestricted Funds 11		2021 £ 1115 14994
	753 -13126
		16109
		0 16109
		16109

The Trustees have:-

a] “For the year ending 30th August 2021 the charity was entitled to exemption from audit under section 477(2) of the Companies Act 2006 .
b] The members have not required the charity to obtain an audit in accordance with section 476 of the Companies Act 2006.
c] The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting periods and preparation of the accounts.

The financial statements were approved by the Trustees on the …...…………………………. And are signed on their behalf by:

Pastor Chukwunonso Emoh Dr Stivelia Kachilele Senior Pastor Secretary

The notes on pages 10 - 15 form part of these financial statements

NEW CHAPTER CHRISTIAN INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS For the year ended 30th August 2021.

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 June 2002). The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP). "Accounting and Reporting by Charities" published in September 2000,

1.2 Charity Status

The members of the charity are the trustees named on page 2 in the event of the Charity being wound up.

1.3 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 purposes. 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 the financial statements.

1.4 Incoming resources

All incoming resources are included in the Statement of Financial Activities when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Gifts in kind donated for distribution are included at 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.

NEW CHAPTER CHRISTIAN INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS For the year ended 30th August 2021

Intangible income, which comprises donated services, is included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognized where there is no financial cost borne by a third party.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognized at the time of the donation.

1.5 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 a basis consistent with the 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 charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the Charity and include project management carried out at Headquarters. Management and administration costs are those incurred in connection with administration of the Charity and compliance with constitutional and statutory requirements.

1.6 Cash flow

The financial statements do not include a cash flow statement because the charity, as a small reporting entity is exempt from the requirement to prepare such a statement under the Financial Reporting Standard for Smaller Entities (effective June 2002).

1.7 Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets 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 Office Equipment - 25% Straight line

NEW CHAPTER CHRISTIAN INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS For the year ended 30th August 2021

2 DONATIONS, LEGACIES AND SIMILAR INCOMING RESOURCES

Restricted	Unrestricted	Total	Total
Funds	Funds	Funds	Funds
2021	2021	2021	2020
£	£	£
0	0	0	0

		Restricted Unrestricted Total Total Funds Funds Funds Funds 2021 2021 2021 2020 £ £ £	Restricted Unrestricted Total Total Funds Funds Funds Funds 2021 2021 2021 2020 £ £ £	Restricted Unrestricted Total Total Funds Funds Funds Funds 2021 2021 2021 2020 £ £ £
Grants Gift Aid Government grants 0 0 0 0 3 SUPPORT COSTS FOR GRANTS AND ACTIVITIES Restricted Unrestricted Total Total Funds Funds Funds Funds 2021 2021 2021 2020 £ £ £ £ Printing postage & stationary 0 0 160 Protective clothings 308 308 150 Light & Heat 202 202 0 Bank charges 4 4 16 Consultancy 0 0 0 Functions 3,415 3,415 665 Toiletories & first aid 0 0 0 Charity 0 0 0 Insurance 0 0 0 Advertisement 0 0 0 Travel and subsistence 0 0 316 Repairs & maintenance 50 50 285 Total £3,978 £3,978 1,592
	0 0 0	0 0 0		0

			£3,978 £3,978 1,592

NEW CHAPTER CHRISTIAN INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS For the year ended 30th August 2021

4 RESOURCES EXPENDED ON MANAGING AND ADMINISTERING THE CHARITY

	RestrictedUnrestricted	RestrictedUnrestricted	Total	Total
	Funds	Funds	Funds	Funds
	2021	2021	2021	2020
	£	£	£	£
Sundries		2909	2909	0
Audit & Accountancy fees		192	192	0
Professional fees		150	150	0
Property rent		3052	3052	0
Telephone		933	933	0
Depreciation - motor vehicles		0	0	0
Depreciation - office equipment		221	221	2,020
Depreciation - fixtures & fittings		150	150	0
Total		7607	7607	2020

5 ANALYSIS OF RESOURCES EXPENDED BY EXPENDITURE TYPE

Wages and salaries Support costs for grants and activities Resources expended on managing and administering the charity Total Resources Expended	Staff Costs Depreciation Other Costs Total Total 2021 2021 2021 2021 2020 £ £ £ £ £ 8654 0 8654 228 74 3978 3978 9,871 0 372 7235 7607 0
	8654 372 11214 20239 10173

6 NET INCOMING RESOURCES/(RESOURCES EXPENDED)

This is stated after charging Depreciation of tangible fixed assets owned by the charity Audit & Accountancy fees Professional fees	Total Total 2021 2020 £ 372 0 192 15,132 150 0
	713 15132

NEW CHAPTER CHRISTIAN INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS For the year ended 30th August 2021

During the year no Management Committee received any remuneration ( 2021 - £NIL) During the year no Management Committee received any benefit in kind ( 2021 - £NIL)

During the year no Management Committee received any reimbursement of expenses ( 2021 - £NIL)

STAFF COSTS AND NUMBERS
Staff costs were as follows	2021
	£
Wages & Salaries	8654	0

The average monthly number of employees during the year was as follows

	2021
Administrative	2	0

No employee received remuneration amounting to more than £50000 in either year

8 TANGIBLE FIXED ASSETS Motor Equipment Fixtures & Total Vehicles Fittings £ £ £ £ Cost At 1 September 2020 683 222 905 Addition in year 201 380 581 885 602 1486 Depreciation At 1 September 2020 171 55 226 Charge for the year 50 95 145 At 30th August 2021 221 150 372 Net book value At 30th August 2021 663 451 1115 At 31 August 2020 683 222 905 9 DEBTORS 2021 Due within one year £ Debtors Cash in hand and at bank 753 753	8 TANGIBLE FIXED ASSETS Motor Equipment Fixtures & Total Vehicles Fittings £ £ £ £ Cost At 1 September 2020 683 222 905 Addition in year 201 380 581 885 602 1486 Depreciation At 1 September 2020 171 55 226 Charge for the year 50 95 145 At 30th August 2021 221 150 372 Net book value At 30th August 2021 663 451 1115 At 31 August 2020 683 222 905 9 DEBTORS 2021 Due within one year £ Debtors Cash in hand and at bank 753 753	8 TANGIBLE FIXED ASSETS Motor Equipment Fixtures & Total Vehicles Fittings £ £ £ £ Cost At 1 September 2020 683 222 905 Addition in year 201 380 581 885 602 1486 Depreciation At 1 September 2020 171 55 226 Charge for the year 50 95 145 At 30th August 2021 221 150 372 Net book value At 30th August 2021 663 451 1115 At 31 August 2020 683 222 905 9 DEBTORS 2021 Due within one year £ Debtors Cash in hand and at bank 753 753
	885 602 1486
	171 55 226 50 95 145
	221 150 372
	663 451 1115
	683 222 905
		2021 £ 753 753

NEW CHAPTER CHRISTIAN INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS For the year ended 30th August 2021

10 CREDITORS

CREDITORS Amount falling due within one year Bank Loan and overdrafts Accruals Tax & National Insurance Contribution	2021 £ -13126
	-£13,126

11 STATEMENT OF FUNDS

UNRESTRICTED FUNDS General Funds General Fund 1 Subtotal RESTRICTED FUNDS Restricted Funds SUMMARY OF FUNDS General Funds Restricted Funds Total of Funds	Brought Forward £ 23906	IncomingResources Carried ResourceExpended Forward £ £ £ 28893 16261 36539
	23906	28893 16261 36539

	23906	28893 16261 36539
		£ £ £ 28893 16261 45092
	32459

	32459	28893 16261 45092

12 ANALYSIS OF NET ASSETS BETWEEN FUNDS

	Restricted	Unrestricted	Total
	Funds	Funds	Funds
	2021	2021	2021
	£	£	£
Tangible fixed assets		1115	1115
Debtors due after more than 1 year
Current assets		753	753
Creditors due within one year		13126	13126
Total		14994	14994

NEW CHAPTER CHRISTIAN INTERNATIONAL

DETAILED INCOME AND EXPENDITURE ACCOUNT

For the year ended 30th August 2021

0	Fund		Fund
	31 August 2021		31 August 2020
INCOME	£
Building Fund	320		90
Tithes & Offering	31705		28803
Gift Aids
Community activities
	32025		28893	28893
LESS : EXPENDITURE
Wages & Salaries	8654		3669
Property rent and rate	3052		10502
Light & Heat	202		0
Printing, Postage & Stationery	0		160
Repairs & Maintenance	50		285
Protective clothings	308		150
Functions	3415		665
Charity			0
Insurance	0		200
Toiletories and first aid			0
Travel and subsistence	0		316
Telephone & Fax	933		326
Professional fees	150		334
Audit & Accountancy fees	192		0
Sundries	2909		5159
Bank Charges	4		16
Depreciation - motor vehicles			0
Depreciation - office equipment	221		228
Depreciation - Fixtures and fittings	150		74
TOTAL EXPENDITURE		20239	20239	22084
NET INCOME FOR THE YEAR	£	-20239	£	6810