2022-08-30-accounts - New Chapter Christian International

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Charity N1158665

NEW CHAPTER CHRISTIAN INTERNATIONAL

MANAGEMENT COMMITTEE REPORT AND FINANCIAL STATEMENT

For the year ended 30th August 2022

NEW CHAPTER CHRISTIAN INTERNATIONAL Statement of Financial Activities (including Income and Expenditure Accounts) For the year ended 30th August 2022 .

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 2022

Management Committee

1 Pastor Chukwunonso Emoh Chairman 2 Dr Stivelia Kachilele Secretary 3 Uchenna Nwakuna Charity N1158665 Registered Office 322 FARM STREET Hockley Birmingham B19 2UF

Secretary

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

Bankers

HSBC

NEW CHAPTER CHRISTIAN INTERNATIONAL MANAGEMENT COMMITTEE'S REPORT For the year ended 30th August 2022 .

The Management Committee who are also the trustees of the charity submit their annual report and the finan statements of NEW CHAPTER CHRISTIAN INTERNATIONAL(the Charity) for the year ended 30th August 2022. 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 docume 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 Committe 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 £65,697 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 neces 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 2022 .

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 2022

I report on the accounts for the year ended 30th August 2022 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 Birningham B16 8XF

NEW CHAPTER CHRISTIAN INTERNATIONAL ACCOUNTANTS REPORT TO THE TRUSTEES For the year ended 30th August 2022 .

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 2022 set out pages 7 to 16. These financial statement has been prepared in accordance with t 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 2022 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 2022 .

Restricted Funds 2022 Note £ INCOMING RESOURCES Donations legacies and similar incoming resources 2 RESOURCES EXPENDED Charitable expenditure: Cost of activities in furtherance of the charity's objects Support costs for grants and activities 3 Resources expended on managing and administering the charity 4 TOTAL RESOURCES EXPENDED 5 MOVEMENT IN TOTAL FUNDS FOR THE YEAR - NET INCOME/(EXPENDITURE) FOR THE YEAR TOTAL FUNDS AT 30th August 2022 TOTAL FUNDS AT 30th August 2021	Unrestricted Total Funds Funds 2022 2022 £ £ 0 0
	0 0
	25099 25099 0 0 34830 34830 0
	59929 59929
	-59929 -59929 -59929 -59929
	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 2022 .

FIXED ASSETS Note Tangible fixed assets 8 CURRENT ASSETS Debtors 9 0 Cash at Bank and in Hand 7561 7561 CREDITORS - Amount fallin 10 within one year 0 NET CURRENT ASSETS NET ASSETS 12 CHARITY FUNDS Restricted Funds 11 Unrestricted Funds 11		2022
		£ 1869 9430
7561 0
	11299
	0 11299
	11299

The Trustees have:-

a] “For the year ending 30th August 2022 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 2022.

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 Sm Entities (effective June 2002). The financial statements have been prepare 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 2022

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 o 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

Motor Vehicle - 25% Straight line Furnitures and Fixt - 25% Straight line Office Equipment - 25% Straight line

NEW CHAPTER CHRISTIAN INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS For the year ended 30th August 2022

2 DONATIONS, LEGACIES AND SIMILAR INCOMING RESOURCES

Restricted Unrestricted Total Funds Funds Funds 2022 2022 2022 £ £ £	Restricted Unrestricted Total Funds Funds Funds 2022 2022 2022 £ £ £	Total Funds 2021
0 0 0		0
		Total Funds 2021 £ 0 308 202 4 0 3415 0 0 0 0 0 50
	£14,187 £13,884	3,978

NEW CHAPTER CHRISTIAN INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS For the year ended 30th August 2022

4 RESOURCES EXPENDED ON MANAGING AND ADMINISTERING THE CHARITY RestrictedUnrestricted Total Total Funds Funds Funds Funds 2022 2022 2022 2021 £ £ £ £ Sundries 25099 25099 2909 Audit & Accountancy fees 1618 1618 192 Professional fees 3898 3898 150 Property rent 3593 3593 3052 Telephone 0 0 933 Depreciation - motor vehicles 0 0 0 Depreciation - office equipment 328 328 221 Depreciation - fixtures & fittings 295 295 150 Total 34830 34830 7607 5 ANALYSIS OF RESOURCES EXPENDED BY EXPENDITURE TYPE Staff CostsDepreciationOther Costs Total Total 2022 2022 2022 2022 2021 £ £ £ £ 0 Wages and salaries 25099 0 25099 8654 Support costs for grants and 0 activities 13884 13884 3978 Resources expended on managing 0 and administering the charity 623 34207 34830 7607 Total Resources Expended 25099 623 48092 73814 20239	4 RESOURCES EXPENDED ON MANAGING AND ADMINISTERING THE CHARITY RestrictedUnrestricted Total Total Funds Funds Funds Funds 2022 2022 2022 2021 £ £ £ £ Sundries 25099 25099 2909 Audit & Accountancy fees 1618 1618 192 Professional fees 3898 3898 150 Property rent 3593 3593 3052 Telephone 0 0 933 Depreciation - motor vehicles 0 0 0 Depreciation - office equipment 328 328 221 Depreciation - fixtures & fittings 295 295 150 Total 34830 34830 7607 5 ANALYSIS OF RESOURCES EXPENDED BY EXPENDITURE TYPE Staff CostsDepreciationOther Costs Total Total 2022 2022 2022 2022 2021 £ £ £ £ 0 Wages and salaries 25099 0 25099 8654 Support costs for grants and 0 activities 13884 13884 3978 Resources expended on managing 0 and administering the charity 623 34207 34830 7607 Total Resources Expended 25099 623 48092 73814 20239	CHARITY Total Funds 2021 £ 2909 192 150 3052 933 0 221 150
	34830 34830	7607

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 2022 2021 £ 623 372 1618 192 3898 150
	6139 713

NEW CHAPTER CHRISTIAN INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS For the year ended 30th August 2022

During the year no Management Committee received any remuneration ( 2022 - £NIL) During the year no Management Committee received any benefit in kind ( 2022 - £NIL)

During the year no Management Committee received any reimbursement of expenses ( 2022 - £NIL)

STAFF COSTS AND NUMBERS
Staff costs were as follows	2022	2021
	£	£
Wages & Salaries	25099	0

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

2022 Administrative 2	2021
	2

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

8 TANGIBLE FIXED ASSETS Motor Vehicles £ Cost At 1 September 2021 Addition in year Depreciation At 1 September 2021 Charge for the year At 30th August 2022 Net book value At 30th August 2022 At 31 August 2021 9 DEBTORS Due within one year Debtors Cash in hand and at bank	Equipment £ 663 647	Fixtures & Total Fittings £ £ 451 1115 730 1,377
	1311	1181 2492
	166 162	113 279 182 344
	328	295 623
	983	886 1869
	663	451 1115
		2022 £ 7561 7561

NOTES TO THE FINANCIAL STATEMENTS For the year ended 30th August 2022 10 CREDITORS 2022 Amount falling due within one year £ Bank Loan and overdrafts Accruals 0 Tax & National Insurance Contribution £0 11 STATEMENT OF FUNDS Brought Incoming Resources Carried Forward Resources Expended Forward UNRESTRICTED FUNDS £ £ £ £ General Funds 36539 65697 49018 53219 General Fund 1 Subtotal 36539 65697 49018 53219 RESTRICTED FUNDS Restricted Funds 36539 65697 49018 53219 SUMMARY OF FUNDS £ £ £ General Funds 36539 65697 49018 53219 Restricted Funds Total of Funds 36539 65697 49018 53219 12 ANALYSIS OF NET ASSETS BETWEEN FUNDS RestrictedUnrestricted Total Funds Funds Funds 2022 2022 2022 £ £ £ Tangible fixed assets 1869 1115 Debtors due after more than 1 year Current assets 7561 7561 Creditors due within one year 0 0 Total 9430 8676 NEW CHAPTER CHRISTIAN INTERNATIONAL	NOTES TO THE FINANCIAL STATEMENTS For the year ended 30th August 2022 10 CREDITORS 2022 Amount falling due within one year £ Bank Loan and overdrafts Accruals 0 Tax & National Insurance Contribution £0 11 STATEMENT OF FUNDS Brought Incoming Resources Carried Forward Resources Expended Forward UNRESTRICTED FUNDS £ £ £ £ General Funds 36539 65697 49018 53219 General Fund 1 Subtotal 36539 65697 49018 53219 RESTRICTED FUNDS Restricted Funds 36539 65697 49018 53219 SUMMARY OF FUNDS £ £ £ General Funds 36539 65697 49018 53219 Restricted Funds Total of Funds 36539 65697 49018 53219 12 ANALYSIS OF NET ASSETS BETWEEN FUNDS RestrictedUnrestricted Total Funds Funds Funds 2022 2022 2022 £ £ £ Tangible fixed assets 1869 1115 Debtors due after more than 1 year Current assets 7561 7561 Creditors due within one year 0 0 Total 9430 8676 NEW CHAPTER CHRISTIAN INTERNATIONAL	2022 £ 0 £0 Resources Carried Expended Forward £ £ 49018 53219
36539	65697	49018 53219

36539	65697	49018 53219
	£ 65697	£ £ 49018 53219
36539

36539	65697	49018 53219

NEW CHAPTER CHRISTIAN INTERNATIONAL

DETAILED INCOME AND EXPENDITURE ACCOUNT

For the year ended 30th August 2022

0	Fund		Fund
	31 August 2022	31 August 2021
INCOME	£
Building Fund	0		320
Tithes & Offering	65697		31705
Gift Aids
Community activities
	65697		32025
LESS : EXPENDITURE
Wages & Salaries	39409		8654
Property rent and rate	3593		3052
Light & Heat	872		202
Printing, Postage & Stationery	80		0
Repairs & Maintenance	8006		50
Protective clothings	449		308
Functions	2246		3415
Charity	0		0
Insurance	303		0
Toiletories and first aid	0		0
Travel and subsistence	2097		0
Telephone & Fax	0		933
Professional fees	3898		150
Audit & Accountancy fees	1618		192
Sundries	25099		2909
Bank Charges	134		4
Depreciation - motor vehicles
Depreciation - office equipment	328		221
Depreciation - Fixtures and fittings	295		150
TOTAL EXPENDITURE	49018		20239

NET INCOME FOR THE YEAR	16679	£	-20239