Charity number: 1159442
JOY CHRISTIAN CENTRE
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
JOY CHRISTIAN CENTRE
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the Charity, its Trustees and advisers | 1 |
| Trustees' report | 2 - 4 |
| Independent examiner's report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the financial statements | 8 - 17 |
JOY CHRISTIAN CENTRE
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2022
Trustees Rev W E Sunu, Senior Minister & Trustee M E G Doherty, Chair of Trustees B Kamara, Trustee L T Ofosu, Trustee (appointed 30 October 2020)
Charity registered number 1159442 Principal office 11 Manor House Heron Court Cranes Close Basildon Essex SS14 3DF Accountants Hedley Dunk Limited Chartered Accountants Trinity House 3 Bullace Lane Dartford Kent DA1 1BB
Page 1
JOY CHRISTIAN CENTRE
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2022
The Trustees present their annual report together with the financial statements of the Joy Christian Centre for the 1 April 2021 to 31 March 2022.
Objectives and activities
Policies and objectives
The Trustees of Joy Christian Centre has the responsibility of co-operation with the Residential Pastor in promoting Joy Christian Centre, Basildon, covering the whole dimension of the Centre, pastoral, evangelistic and ecumenical as stated in the organisation's Constitution. It has specific responsibilities for the management of the funds and assets of the charity and for the employments of its staff.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
Achievements and performance
Review of activities
Since relocating the church to unit 6 -11 Manor House, Cranes farm Road, in June 2018 the number of congregants have been increasing gradually but nowhere near pre-Covid figures.
Adopting the Hybrid (in-person and online} style of worship service with the hope of reaching more people online has proven useful in the last couple years but it is yet to reflect in the number of congregants who attend our inperson weekend service.
There are plans to hold various teaching conferences this year to help boost our numbers and hopefully increase donations, tithes and offerings.
Financial review
Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
Donations, tithes and offerings (as well as gift-aid} has been the main source of income. However, the church leaders and trustees are looking for low to medium risk investment opportunities that will help the charity diversity our source of income.
A review of our business rate liabilities in 2022 by the trustees has revealed that the charity should benefit from the 80% mandatory rebate given to charities by the local authority. However that was not the case because the rent was inclusive of the business rate. We approached our Landlord and the local council and as a result our business rate for 2023 is now in credit.
Financial risk management objectives and policies
The Trustees have identified the major risks to which Joy Christian Centre are exposed and these are reviewed regularly. The systems and procedures to mitigate those risks are also the subject of regular review and where appropriate professional advice is sought to provide the Centre with the information it requires to manage the risks on behalf of the charity.
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JOY CHRISTIAN CENTRE
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
Structure, governance and management
Constitution
Joy Christian Centre is a registered Charitable Incorporated Organisation (CIO), number 1159442, and is governed by constitution
Methods of appointment or election of Trustees
The management of the charity is the responsibility of the Trustees who are elected or co-opted under terms of the constitution.
Organisational structure and decision-making policies
Finance Committee
This committee oversees the detailed financial management information provided by the Treasurers; prepares financial advice for the Joy Christian Centre including the budget; and considers requests for expenditure outside the agreed budget.
Ministry Team
An advisory group to the Resident Pastor (in whom lies all the responsibility for the spiritual and worship life of the parish) on matters relating to ministry to the local church, such as aspects of worship, midweek groups and work with young people and children. This group consults and received advice from the Trustees as appropriate
Financial risk management
The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
Plans for future periods
The Trustees are actively developing the building fund with the aim of buying a permanent home for the church to carry out its pastoral, evangelical and other community activities.
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JOY CHRISTIAN CENTRE
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
Statement of Trustees' responsibilities
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP (FRS 102);
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and 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 Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by: .d3��� ................................................ �: . . ��-e .. . ...... . ... . ....... M E G Doherty Chair of Trustees
Date: 26 January 2023
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JOY CHRISTIAN CENTRE
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2022
Independent examiner's report to the Trustees of Joy Christian Centre ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2022.
Responsibilities and basis of report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination, which gives me cause to believe that in, any material respect:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed: Dated: 26 January 2023 Jack Fryer ACA
Hedley Dunk Limited Dartford
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JOY CHRISTIAN CENTRE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| Note Income from: Donations and legacies 3 Other Income 4 Total income Expenditure on: Charitable activities 5 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2022 £ 58,800 3 58,803 59,575 59,575 (772) 25,385 (772) 24,613 |
Total funds 2022 £ 58,800 3 58,803 59,575 59,575 (772) 25,385 (772) 24,613 |
Total funds 2021 £ 55,898 9 |
|---|---|---|---|
| 55,907 | |||
| 54,616 | |||
| 54,616 | |||
| 1,291 | |||
| 24,094 1,291 |
|||
| 25,385 |
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 8 to 17 form part of these financial statements.
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JOY CHRISTIAN CENTRE
BALANCE SHEET AS AT 31 MARCH 2022
| Note Fixed assets Tangible assets 10 Current assets Debtors 11 Cash at bank and in hand Creditors: amounts falling due within one year 12 Net current assets Total assets less current liabilities Total net assets Charity funds Restricted funds 13 Unrestricted funds 13 Total funds |
257 22,955 23,212 (1,365) |
2022 £ 2,766 2,766 21,847 24,613 24,613 - 24,613 24,613 |
- 24,658 24,658 (1,760) |
2021 £ 2,487 |
|---|---|---|---|---|
| 2,487 22,898 |
||||
| 25,385 | ||||
| 25,385 | ||||
| - 25,385 |
||||
| 25,385 |
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
.d3��� � ................................................ : . . ��-e .. . ...... . ... . ....... M E G Doherty Chair of Trustees
Date: 26 January 2023
The notes on pages 8 to 17 form part of these financial statements.
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JOY CHRISTIAN CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
1. General information
Joy Christian Centre is a charity registered in the UK under number 1159442, it operates from Unit 11, Manor House, Cranes Farm Road, Basilson, Essex, SS14 3DF.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Joy Christian Centre meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.4 Government grants
Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of financial activities as the related expenditure is incurred.
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JOY CHRISTIAN CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
2. Accounting policies (continued)
2.5 Tangible fixed assets and depreciation
Tangible fixed assets costing £250 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, on a reducing balance basis.
Depreciation is provided on the following basis:
| Motor vehicles | - | 20% reducing balance basis |
|---|---|---|
| Fixtures and fittings | - | 20% reducing balance basis |
| Office equipment | - | 25% reducing balance basis |
| Other fixed assets | - | 20% reducing balance basis |
2.6 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.7 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.8 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
2.9 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.10 Pensions
The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.
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JOY CHRISTIAN CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
2. Accounting policies (continued)
2.11 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 purposes.
Investment income, gains and losses are allocated to the appropriate fund.
3. Income from donations and legacies
| Unrestricted funds 2022 £ Donations 58,800 Unrestricted funds 2021 £ Donations 52,929 Government grants 2,969 55,898 4. Other income Unrestricted funds 2022 £ Bank interest receieved 3 Unrestricted funds 2021 £ Bank interest receieved 9 |
Total funds 2022 £ 58,800 |
|---|---|
| Total funds 2021 £ 52,929 2,969 |
|
| 55,898 | |
| Total funds 2022 £ 3 |
|
| Total funds 2021 £ 9 |
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JOY CHRISTIAN CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
5. Analysis of expenditure on charitable activities
Summary by fund type
| Unrestricted funds 2022 £ Direct costs 59,575 Unrestricted funds 2021 £ Direct costs 54,616 Analysis of expenditure by activities Activities undertaken directly 2022 £ Church Activities 59,575 Activities undertaken directly 2021 £ Church Activities 54,616 |
Total 2022 £ 59,575 |
|---|---|
| Total 2021 £ 54,616 |
|
| Total funds 2022 £ 59,575 |
|
| Total funds 2021 £ 54,616 |
6. Analysis of expenditure by activities
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JOY CHRISTIAN CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
6. Analysis of expenditure by activities (continued)
Analysis of direct costs
| Staff costs Worship materials Rent and rates Conferences and training Insurance Utilities and other premise costs Sundry expenses Telephone Guest Speakers Volunteer travel expenses Gifts and donations Accountancy Repairs and renewals Office costs Card charges Subscriptions Depreciation |
Activities 2022 £ 22,333 772 25,661 990 524 293 707 1,951 3,630 60 250 600 20 412 41 489 842 59,575 |
Total funds 2022 £ 22,333 772 25,661 990 524 293 707 1,951 3,630 60 250 600 20 412 41 489 842 |
|---|---|---|
| 59,575 |
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JOY CHRISTIAN CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
6. Analysis of expenditure by activities (continued)
Analysis of direct costs (continued)
| Staff costs Worship materials Rent and rates Conferences and training Insurance Utilities and other premise costs Sundry expenses Telephone Guest Speakers Gifts and donations Welfare Accountancy Repairs and renewals Office costs Card charges Subscriptions Depreciation 7. Independent examiner's remuneration Fees payable to the Charity's independent examiner for the independent examination of the Charity's annual accounts (including VAT) Fees payable to the Charity's independent examiner in respect of: All other services not included above (including VAT) |
Activities 2021 £ 27,290 334 14,575 624 516 608 690 1,805 848 500 918 735 720 2,687 5 1,033 728 54,616 2022 £ 360 300 |
Total funds 2021 £ 27,290 334 14,575 624 516 608 690 1,805 848 500 918 735 720 2,687 5 1,033 728 |
|---|---|---|
| 54,616 | ||
| 2021 £ 360 300 |
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JOY CHRISTIAN CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
8. Staff costs
| 2022 £ Wages and salaries 21,927 Contribution to defined contribution pension schemes 406 22,333 The average number of persons employed by the Charity during the year was as follows: 2022 No. Employees 1 |
2021 £ 26,722 568 |
|---|---|
| 27,290 | |
| 2021 No. 1 |
No employee received remuneration amounting to more than £60,000 in either year.
9. Trustees' remuneration and expenses
During the year, one or more Trustees has been paid remuneration or has received other benefits from an employment with the Charity. Rev W E Sunu received a salary for his employment as the Senior Pastor of the Charity. No remuneration was recieved for his role as a Trustee. The value of Trustees' remuneration and other benefits was as follows:
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Rev W E Sunu | Remuneration | 21,926 | 21,926 |
During the year ended 31 March 2022, no Trustee expenses have been incurred (2021 - £NIL).
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JOY CHRISTIAN CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
10. Tangible fixed assets
| Cost or valuation At 1 April 2021 Additions At 31 March 2022 Depreciation At 1 April 2021 Charge for the year At 31 March 2022 Net book value At 31 March 2022 At 31 March 2021 Debtors Due within one year Prepayments and accrued income Creditors: Amounts falling due within one Other taxation and social security Pension fund loan payable Accruals and deferred income |
Fixtures and fittings £ 2,690 - 2,690 2,347 176 2,523 167 343 year |
Office equipment £ 4,998 1,121 6,119 3,306 576 3,882 2,237 1,692 |
Other fixed assets £ 1,379 - 1,379 927 90 1,017 362 452 2022 £ 257 257 2022 £ 444 (9) 930 1,365 |
Total £ 9,067 1,121 |
|
|---|---|---|---|---|---|
| 10,188 | |||||
| 6,580 842 |
|||||
| 7,422 | |||||
| 2,766 | |||||
| 2,487 | |||||
| 2021 £ - - 2021 £ 224 96 1,440 1,760 |
11. Debtors
12. Creditors: Amounts falling due within one year
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JOY CHRISTIAN CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
13. Statement of funds
Statement of funds - current year
| Unrestricted funds General Funds - all funds Statement of funds - prior year Unrestricted funds General Funds - all funds |
Balance at 1 April 2021 £ 25,385 Balance at 1 April 2020 £ 24,094 |
Income £ 58,803 Income £ 55,907 |
Expenditure £ (59,575) Expenditure £ (54,616) |
Balance at 31 March 2022 £ 24,613 |
|---|---|---|---|---|
| Balance at 31 March 2021 £ 25,385 |
14. Summary of funds
Summary of funds - current year
| General funds Summary of funds - prior year General funds |
Balance at 1 April 2021 £ 25,385 Balance at 1 April 2020 £ 24,094 |
Income £ 58,803 Income £ 55,907 |
Expenditure £ (59,575) Expenditure £ (54,616) |
Balance at 31 March 2022 £ 24,613 |
|---|---|---|---|---|
| Balance at 31 March 2021 £ 25,385 |
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JOY CHRISTIAN CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
15. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Unrestricted funds 2022 £ Tangible fixed assets 2,766 Current assets 23,212 Creditors due within one year (1,365) Total 24,613 |
Total funds 2022 £ 2,766 23,212 (1,365) 24,613 |
|---|---|
Analysis of net assets between funds - prior year
| Tangible fixed assets Current assets Creditors due within one year Total |
Unrestricted funds 2021 £ 2,487 24,658 (1,760) 25,385 |
Total funds 2021 £ 2,487 24,658 (1,760) 25,385 |
|---|---|---|
16. Pension commitments
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge amounted to £406 (2021- £568).
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