2023-08-30-accounts - New Chapter Christian International

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Charity N 1158665

NEW CHAPTER CHRISTIAN INTERNATIONAL

MANAGEMENT COMMITTEE REPORT AND FINANCIAL STATEMENTS

For the year ended 31th August 2023

NEW CHAPTER CHRISTIAN INTERNATIONAL
Statement of Financial Activities (including Income and Expenditure	Accounts)
For the year ended 30th August 2023 .
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 2023

Management Committee

1 Pastor Chukwunonso Emoh Chairman 2 Dr Stivelia Kachilele Secretary 3 Uchenna Nwakuna Charity N 1158665

Registered Office 63-65 REA STREET Digbeth Birmingham B5 6BB

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 2023 .

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 2023. 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 £77,614 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 2023 .

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 2023

I report on the accounts for the year ended 30th August 2023 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:

1. 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

2. 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 2023 .

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 2023 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 2023 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 2023 .

		Restricted	Unrestricted	Total	Total
		Funds	Funds	Funds	Funds
		2023	2023	2023	2022
	Note	£	£	£	£
INCOMING RESOURCES
Donations legacies and similar incoming
resources	2		77614	77614	47914
			77614	77614	47914
RESOURCES EXPENDED
Charitable expenditure:
Cost of activities in furtherance of the
charity's objects			1914	1914	8654
Support costs for grants and activities	3		0	0	0
Resources expended on managing and					0
administering the charity	4		9503	9503	7607
			0
TOTAL RESOURCES EXPENDED	5		11417	11417	16261
MOVEMENT IN TOTAL FUNDS FOR THE
YEAR - NET INCOME/(EXPENDITURE)
FOR THE YEAR			66197	66197	-16261
TOTAL FUNDS AT 30th August 2023			66197	66197	-16261
TOTAL FUNDS AT 30th August 2022			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

BALANCE Sheet	BALANCE Sheet
As at 30th August 2023 . FIXED ASSETS Note Tangible fixed assets 8 CURRENT ASSETS Debtors 9 0 Cash at Bank and in Hand 380 380 CREDITORS - Amount falling due 10 within one year 0 NET CURRENT ASSETS NET ASSETS 12 CHARITY FUNDS Restricted Funds 11 Unrestricted Funds 11		2023
		£ 1384 1764
		3148 0 3148
		3148

The Trustees have:-

a] “For the year ending 30th August 2023 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 2023.

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 2023

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 2023

2 DONATIONS, LEGACIES AND SIMILAR INCOMING RESOURCES

			Restricted	Unrestricted	Total	Total
			Funds	Funds	Funds	Funds
			2023	2023	2023	2022
			£	£	£
	Grants	Gift Aid		6669	6,669	0
	Government grants
			0	6,669	6,669	13,337
3	SUPPORT COSTS FOR GRANTS AND ACTIVITIES
			Restricted	Unrestricted	Total	Total
			Funds	Funds	Funds	Funds
			2023	2023	2023	2022
			£	£	£	£
	Printing postage	& stationary		300	300	0
	Protective clothings			0	0	308
	Light & Heat			499	499	202
	Bank charges			134	134	4
	Consultancy			0	0	0
	Functions			4,823	4,823	3415
	Toiletories & first aid			0	0	0
	Charity			0	0	0
	Insurance			0	0	0
	Advertisement			0	0	0
	Travel and subsistence			0	0	0
	Repairs & maintenance			542	542	50
	Total			£6,298	£6,298	3,978

NEW CHAPTER CHRISTIAN INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 30th August 2023

4	RESOURCES EXPENDED ON MANAGING AND ADMINISTERING THE CHARITY	RESOURCES EXPENDED ON MANAGING AND ADMINISTERING THE CHARITY	RESOURCES EXPENDED ON MANAGING AND ADMINISTERING THE CHARITY	RESOURCES EXPENDED ON MANAGING AND ADMINISTERING THE CHARITY	RESOURCES EXPENDED ON MANAGING AND ADMINISTERING THE CHARITY	RESOURCES EXPENDED ON MANAGING AND ADMINISTERING THE CHARITY
			Restricted	Unrestricted		Total	Total
			Funds	Funds		Funds	Funds
			2023		2023	2023	2022
			£	£		£	£
	Sundries				1914	1914	2909
	Audit & Accountancy fees				1983	1983	192
	Professional fees				0	0	150
	Property rent				4531	4531	3052
	Telephone				615	615	933
	Depreciation - motor vehicles				0	0	0
	Depreciation - office equipment				240	240	221
	Depreciation - fixtures &	fittings			221	221	150
	Total				9503	9503	7607
5	ANALYSIS OF RESOURCES EXPENDED BY EXPENDITURE TYPE
		Staff Costs Depreciation		Other Costs		Total	Total
		2023	2023		2023	2023	2022
		£	£		£	£	0
Wages and salaries		1914			0	1914	8654
Support costs for grants and							0
activities					6298	6298	3978
Resources expended on managing							0
and administering the charity			461		9042	9503	7607
Total Resources Expended		1914	461	15340		17715	20239
6	NET INCOMING RESOURCES/(RESOURCES EXPENDED)
						Total	Total
						2023	2022
	This is stated after charging					£
	Depreciation of tangible	fixed assets
	owned by the charity					461	372
	Audit & Accountancy fees					1983	192
	Professional fees					0	150
						2444	713

NEW CHAPTER CHRISTIAN INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 30th August 2023

During the year no Management Committee received any remuneration ( 2023 - £NIL)

During the year no Management Committee received any benefit in kind ( 2023 - £NIL) During the year no Management Committee received any reimbursement of expenses ( 2023 - £NIL

7 STAFF COSTS AND NUMBERS

STAFF COSTS AND NUMBERS
Staff costs were as follows	2023
	£
Wages & Salaries	1914	0
The average monthly number of employees during the year was as follows
	2023
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 2022 583 886 1469 Addition in year 376 0 376 959 886 1845 Depreciation At 1 September 2022 146 221 367 Charge for the year 94 0 94 At 30th August 2023 240 221 461 Net book value At 30th August 2023 720 664 1384 At 31 August 2022 583 886 1469 9 DEBTORS 2023 Due within one year £ Debtors Cash in hand and at bank 380 380	8 TANGIBLE FIXED ASSETS Motor Equipment Fixtures & Total Vehicles Fittings £ £ £ £ Cost At 1 September 2022 583 886 1469 Addition in year 376 0 376 959 886 1845 Depreciation At 1 September 2022 146 221 367 Charge for the year 94 0 94 At 30th August 2023 240 221 461 Net book value At 30th August 2023 720 664 1384 At 31 August 2022 583 886 1469 9 DEBTORS 2023 Due within one year £ Debtors Cash in hand and at bank 380 380	8 TANGIBLE FIXED ASSETS Motor Equipment Fixtures & Total Vehicles Fittings £ £ £ £ Cost At 1 September 2022 583 886 1469 Addition in year 376 0 376 959 886 1845 Depreciation At 1 September 2022 146 221 367 Charge for the year 94 0 94 At 30th August 2023 240 221 461 Net book value At 30th August 2023 720 664 1384 At 31 August 2022 583 886 1469 9 DEBTORS 2023 Due within one year £ Debtors Cash in hand and at bank 380 380
	959 886 1845
	146 221 367 94 0 94
	240 221 461
	720 664 1384
	583 886 1469
		2023 £ 380 380

NEW CHAPTER CHRISTIAN INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS

NOTES TO THE FINANCIAL STATEMENTS
For the year ended 30th August 2023
10 CREDITORS			2023
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	19843	28893	11417	37320
General Fund 1
Subtotal	19843	28893	11417	37320
RESTRICTED FUNDS
Restricted Funds
	19843	28893	11417	37320
SUMMARY OF FUNDS
		£	£	£
General Funds	28396	28893	11417	45872
Restricted Funds
Total of Funds	28396	28893	11417	45872
12 ANALYSIS OF NET ASSETS BETWEEN FUNDS
	Restricted	Unrestricted	Total
	Funds	Funds	Funds
	2023	2023	2023
	£	£	£
Tangible fixed assets		1384	1384
Debtors due after more than 1 year
Current assets		380	380
Creditors due within one year		0	0
Total		1764	1764

NEW CHAPTER CHRISTIAN INTERNATIONAL

DETAILED INCOME AND EXPENDITURE ACCOUNT

For the year ended 30th August 2023

For the year ended 30th August 2023
0	Fund		Fund
	31 August 2023		31 August 2022
INCOME	£
Building Fund	0		0
Tithes & Offering	70945		47914
Gift Aids	6669
Community activities
	77614		47914	47914
LESS : EXPENDITURE
Wages & Salaries	50502		16783
Property rent and rate	4531		2393
Light & Heat	499		16783
Printing, Postage & Stationery	300		2393
Repairs & Maintenance	542		686
Protective clothings	0		80
Functions	4823		8006
Charity	0		0
Insurance	0		796
Toiletories and first aid	0		0
Travel and subsistence	0		303
Telephone & Fax	615		0
Professional fees	0		249
Audit & Accountancy fees	1983		0
Sundries	1914		3648
Bank Charges	134		0
Depreciation - motor vehicles			13213
Depreciation - office equipment	240		71
Depreciation - Fixtures and fittings	221		0
TOTAL EXPENDITURE		66303	15801	65403
NET INCOME FOR THE YEAR	£	11310	£	-17489