Charity number: 1159442 JOY CHRISTIAN CENTRE UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
JOY CHRISTIAN CENTRE CONTENTS Page Reference and administrative details of the Charity, its Trustees and advisers Trustees, report Independent examlnerfs report Statement of financial activities Balance sheet Notes to the financial statements 8-18
JOY CHRISTIAN CENTRE REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 Trustees Rev W E Sunu, Senior Minister & Trustee M E G Doherty, Chair of Trustees L T Ofosu, Trustee Charity registered number 1159442 Principal office 11 Manor House Heron Court Cranes Close Basildon Essex SS14 3DF Accountants Hedley Dunk Limited Trinity House 3 Bullace Lane Dartford Kenl DA1 1BB Page 1
JOY CHRISTIAN CENTRE TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their annual report together with the financial statements of the Joy Christian Centre for the 1 April 2023 to 31 March 2024. ObJe¢tives and activities • Policies and objectives The Trustees of Joy Christian Centre IJCC) hold the responsibility of collaborating with the Resident Pastor to promote JCC Basildon's vision. This vision encompasses all aspects of the centre's activities, including pastoral, evangelistic, and ecumenical efforts, as outlined in the organisation's Constitution. Additionally, the Trustees are specifically tasked with managing the charity's funds and assets and overseeing the employment 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 July 2018, JCC has been operating from rented premises, which were purchased by a new landlord, APF Group Ltd.. in February 2024. Despite the change in ownership, the charity's weekly activities have not been disrupted, even as the landlord undertakes major renovation works. Encouragingly, the landlord has expressed willingness to renovate a mezzanine area on the first floor of the building, allt)wing the church to relocate there in the near future. This development is a significant positive for JCC, as the additional space will enable better accommodation for Sunday school children, the youth church, and the adult congregation. There is also potential for the creation of kitchen fa¢ilrties and administrative offices. Over the past 12 months, the ¢hur¢h has welcomed three new families, including teenagers and young children. The total number of congregants now stands at approximately 100, comprising 52 adults and 48 youths. Financial review Going concern After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequale 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 las well as gift-aid} has been the main source of income. However, the church leaders and trustees a looking for low to medium risk investment opportunities that will help the charity diversty our source of income. A review of our business rate liabilrties in 2022 by the trustees has revealed that the charity should benefit from the 800/0 mandatory rebate given to charities by the local authority. However that was not the case because the rent was in¢lusive 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 identffied the major risks to which Joy Christian Centre are exposed and Ihese 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 infomiation it requires to manage the risks on behalf of the charity- Page 2
JOY CHRISTIAN CENTRE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 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 temis of the constitution. • Organisational structure and decision-making policies Finance Committee This Committee oversees the detailed financial managèment infomiation 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. Page 3
JOY CHRISTIAN CENTRE TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Slatement of Trustees. r•sponsibllfths The Trustees are responsible for preparlng the Trustees, report and the financial $tstement8 in accordance with applicable law and United Kingdom Accounting Standards (United &Qngdom Gener811y Accepted Accounting Practice). The law appllcable to charitles In England & W81es requtres the Trustee• to prèpare financial $18tement8 for each financial year v¢hich glve a true and f8lr vlew of the State of affalr& of the Charlty and of its Incomlng re8our¢e8 and applicatlon of rebources, including 118 Income and expenditure, foT that period. Sn preparlng these flnancial statements, trie Trustee8 are requlred to.. select suitable oGcounting policies and Ihen apply them conBlStentty; observe the methods and prin¢lples of the Charlties SORP (FRS 102); make judgments and a¢¢ounting e8timate$ that are reasonable and prudent., State whether applicable UK Accounting Standards IFRS 102) have been followed, subject to any m8ter181 departyres disclosed and explalned In the financial statements; prepare the ffinancial statements on the ooino concern basis unless it is Inappfoprlate to presume th8t the Charlty 1[ Continue In buslne8S. The Trustees are responsible for kéèping adequate ac¢ounting records that are sufficient to show and explain the Charity's tran8adions and disclose with reasonable accuracy at any time the finandal posillon of the Charity and enable them to ensure that trie financial 8t8tement$ comply with the Charities Act 2011, the Charity (Accounts and Reports) Re9ulation8 2008 and Ihe provisions of the con8tibJtion. They are also responsible for safeguardlng the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. )proved by order ofthe m¢mbers ¢f the board of Trustees and signed on their behalf by- M E G Doherty (Chair of Trustee6) Date.. Page 4
JOY CHRISTIAN CENTRE INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 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 2024. Responsibilities and basis of report As the Trustees of the Charty you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'the 2011 Act.). I report in respect of my examination of the Charittys accounts carried oul 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 Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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 IFRS 1021 in preference to the Accounting and Reporting by Charities.. Stalement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. l understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have Come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the Charty as required by section 130 of the 2011 Act., or the accounts do not a¢¢ord with those records., or the accounls do not comply with the applicable requirements ¢on¢erning the form and content of accounts sel 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 examinalion. 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.. 14 l•LS Stephen Fryer FCA Hedley Dunk Limited Dartford Page 5
JOY CHRISTIAN CENTRE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 As reslated Total funds 2023 Unrestri¢ted funds 2024 Total funds 2024 Note Income from: Donations and legacies Other Income 92,088 816 92,088 816 64,705 363 Total income 92,904 92,904 65,068 Expenditure on: Charitable activrties 71,513 71,513 54,565 Total expenditure 71,513 71,513 54,565 Net movement in funds 21,391 21,391 10,503 Reconciliation of funds: Total funds brought forward as previously stated Prior year adjustment 34,618 498 34,618 498 24,613 Tolal funds brought fOard as restated Net movement in funds 35,116 21,391 35,116 21,391 24,613 10.503 Total funds carried foThvard 56,507 56,507 35,116 The Statement of financial activities includes all gains and losses recognised in the year. The notes on pages 8 to 18 fomi part of these financial statements. Page 6
JOY CHRISTIAN CENTRE BALANCE SHEET AS AT 31 MARCH 2024 As restated 2023 2024 Note Fixed assets Tangible assets 10 3,509 3,057 3,509 3,057 Current asset$ Debtors Cash at bank and In hand 400 58,121 1,126 32,927 58,521 34,053 Creditors: amounts falling due within one year 12 (5,523) (1,994) Net current assets 52,998 32,059 Total assets less current liabilities 56,507 35,116 Total net assets 56,507 35,116 Charity funds Restricted funds Unrestricted funds 14 14 56,507 35,116 Total funds 56,507 35,116 The financial statements were approved and authorised for issue by the Tru8tees and signed on their behalf by: MEGDohe Chair of Trustees The notes on pages 8 to 18 form part of these financial statements. Page 7
JOY CHRISTIAN CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 General infomiation 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. Accounting policies 2.1 Basis of preparation of financial ststements The financial statements have been prepared in accordance with the Charities SORP (FRS 102) A¢¢ounting and Reporting by Charities.. Statement of Re¢ommended Pradice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 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 recognisèd at historical cost or transaction value unless otheNise stated in the relevant accounting policy. 2.2 Income All income is recognised once the Charity has enlitlement to the income, il is probable that the income will be received and the amount of income receivable can be measured reliably. 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 obligalion 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, includin9 SUPPOrt costs involved in undertaking ea¢h activity. Direct costs attributable to a single activity are allocated directly to thal activity. Shared costs which contribute to more than one activity and support ¢osts which are not attributable to a single activity are apportioned between Ihose aclivities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spenl, and depreciation charges allocated on the portion of the asset's use. Expendilure on charFtable aclivities is incurred on directly undertaking the activities which further the Charity's objeclives, 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. 2.5 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity., this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. Page 8
JOY CHRISTIAN CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (continued) 2.6 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 Gan be measured reliably. Tangible fixed assets are inrtially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated deprecialion 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 Fixtures and fittings Office equipment Other fixed assets 200/0 reducing balance basis 200/0 reducing balance basis 250/0 reducing balance basis 200/0 reducing balance basis 2.7 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. 2.8 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. 2.9 Liabilities and provisions Liabilrties are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable Ihat a transfer of economic benefit will be required in settlement, and the amount of the settlement Can be estimated reliably. Liabilrties are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount il 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 thal reflects the risks specific to the liability. The unwinding of the discount is re¢ognised in the Statement of financial activrties as a finance cost. 2.10 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 al their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 2.11 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. Page 9
JOY CHRISTIAN CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies {continued 2.12 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. Income from donations and legacies Unrestricted funds 2024 Total funds 2024 Donations 92,088 92,088 As restated Total funds 2023 Unrestricted funds 2023 Donations 64,705 64,705 Other income Unrestricted funds 2024 Total funds 2024 other income Bank interest receieved 24 792 24 792 816 816 Page 10
JOY CHRISTIAN CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Other income (continued) As reslated Total funds 2023 Unrestricted fLsnds 2023 Other income Bank interest receieved 236 127 236 127 363 363 Analysis of expenditure on charitable activities Summary by fund type Unrestricted funds 2024 Total 2024 Direct costs 71,513 71.513 Unrestricted As restated funds Total 2023 2023 Direct costs 54,565 54,565 Analysis of expenditure by activities Activities undertaken directly 2024 Total funds 2024 Church Activities 71,513 71,513 Page11
JOY CHRISTIAN CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Anatysis of expenditure by activities (continued) Activities As restated undertaken Total directly funds 2023 2023 Church Activities 54,565 54,565 Analysis of direct costs Total funds 2024 Activities 2024 staff costs 29,613 881 25,009 528 1,419 500 2,073 3,870 200 869 690 270 1,321 215 742 966 29.613 881 Worship materials Rent and rates Insuran Utilities and other premise costs Sundry expenses Telephone Guest Speakers Volunteer travel expenses Welfare Accountancy Repairs and renewals Office costs Card charges Subscriptions Depreciation Missions 25,009 528 1,419 500 2,073 3,870 200 889 690 270 1.321 215 742 966 2,347 2,347 71,513 71,513 Page 12
JOY CHRISTIAN CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysis of expenditure by activities (continued Analysis of direct costs (continued As restated Total funds 2023 As restated Activities 2023 Staff costs Worship materials Rent and rates Conferences and training Insurance utilities and other premise costs Sundry expenses Telephone Guest Speakers Welfare Accountancy Repairs and renewals Office costs Card charges Subscriptions Depreciation 29,576 340 8,806 360 510 29,576 340 8,806 360 510 1,498 768 1,949 3,750 3,251 690 806 1,498 768 1,949 3,750 3,251 690 806 725 152 489 895 725 152 489 895 54,565 54,565 Independent examiner's remuneration 2024 2023 Fees payable to the Charity's independent examiner for the independent examination of the Charity's annual accounts (including VAT) Fees payable to the CharItS independenl examiner in respect of.. All other services not included above (including VATI 390 360 300 300 Page 13
JOY CHRISTIAN CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Staff costs 2024 2023 Wages and salaries Contribution to defined contribution pension schemes 28,500 1,113 28,500 1,076 29,613 29,576 The average number of persons employed by the Charity during the year was as follows.. 2024 No. 2023 No. Employees No employee received remuneration amounting to more than £60,000 in either year. 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 Paslor of the Charity. No remuneration was received for his role as a Trustee. The value of Trustees, remuneration and other benefits was as folSows'. 2024 2023 Rev W E Sunu Remuneration Guest speaker 28,500 2,130 28,500 During the year ended 31 March 2024, no Trustee expenses have been incurred (2023 - £NIL). Page 14
JOY CHRISTIAN CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 10. Tangible flxed assets Fixtures and fittings Office Other fixed equipment assets Total Cost or valuation At 1 April 2023 Additions 3,023 6,342 2,009 1,418 11.374 1,418 At 31 March 2024 3,023 6,342 3,427 12,792 Depreciation At 1 April 2023 Charge forthe year 2,192 166 4,910 358 1,215 442 8.317 966 At 31 March 2024 2,358 5,268 1,657 9.283 Net book value At 31 March 2024 665 1,074 1,770 3,509 At 31 March 2023 831 1,432 794 3,057 11. Debtors As restated 2023 2024 Due within one year Other debtors Prepayments and accrued income 162 238 240 400 1.126 Page 15
JOY CHRISTIAN CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 12. Creditors: Amounts falling due withln one year As restated 2023 2024 other taxation and social security Other creditors Accruals and deferred income 367 3,776 1,380 425 249 1,320 5,523 1,994 13. Prior year adjustments The accounts have been reslated to incorporate the impact of a misclassification of income and expenditure for Camp Meeting, Women of Influence and YOFF. The change has resulted in additional surplus available of £498. Page 16
JOY CHRISTIAN CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 14. Statement of funds Statement of funds - current year As restated Balance at 1 April 2023 Balance at 31 March 2024 Income Expenditure Unrestricted funds General Funds - all funds 35,116 92,904 (71,513) 56.507 Statement of funds - prior year As restated Balance at 31 March 2023 Balan¢e at 1 April 2022 Income Expenditure Unrestricted funds General Funds- all funds 24,613 65,068 (54,565) 35.116 15. Summary of funds Summary of funds - current year As restated Balance at 1 April 2023 Balance at 31 March 2024 Income Expenditure General funds 35,116 92,904 (71,513) 56,507 Summary of funds - prior year As restated Balan at 31 March 2023 Balance at 1 April 2022 Income Expenditure General funds 24,613 65,068 (54,565) 35,116 Page 17
JOY CHRISTIAN CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 16. Analysis of net assets between funds Analysis of net assets between funds- current period Unrestricted funds 2024 Total funds 2024 Tangible fixed assets Current assets Creditors due within one year 3,509 58,521 {5,523) 3,509 58,521 {5,523) Total 56,507 56,507 Analysis of net assets between funds - prior period As restated As restated Unrestricted Total funds funds 2023 2023 Tangible fixed assets Current assets Credrtors due within one year 3,057 34,053 (1,994} 3,057 34,053 (1,994) Total As restated 35,116 35,116 17. Pension commltments The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independentSy administered fund. The pension cost charge amounted to £1,113 (2023- £1,076). Page 18