JESUS CHRIST THE MINISTRY
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023
CHARITY NUMBER: 1159592
JESUS CHRIST THE MINISTRY 70 LONG READINGS LANE SLOUGH SL2 1PZ
| INDEX Index Trustee's Report Receipt and Payments Account Statement of Assets and Liabilities Notes on the Financial Statements |
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JESUS CHRIST THE MINISTRY TRUSTEES’ REPORT YEAR ENDED 30TH SEPTEMBER 2023
The trustees are pleased to present their report for the year ended 30th September 2023 for the charity, Jesus Christ the Ministry with charity number 1159592.
The Trustees of the charity are: Mr Leonard Njenga Mr Moffat Kaaria Mrs Ruth Mwirigi
The principal address of the charity is: 70 Long Reading Lane Slough SL2 1PZ
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity governing document is a CIO – Foundation Constitution registered 11th December 2014.The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities, and monitor the financial position.
OBJECTIVES AND ACTIVITIES
The Objects of the organization are first to advance the Christian faith in accordance with the statement of beliefs for the benefit in the United Kingdom and in such other parts of the world as the trustees may think fit from time to time . The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.
ACHIEVMENTS AND PERFORMANCE
The Organization continues to hold successful meetings through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. The organization held several conferences during the year in which individuals came from all around the community to attend. This has produced good results in reaching and helping members of the community.
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FINANCIAL REVIEW
The income of the charity is above £27,000. This is a good amount for this year of the charity the costs have been well managed over this period. The organization is still in a good position to manage its costs. The main cost of the organization was paying for the rent of its building that it uses for worship services and expenses for running its church services.
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RESERVE POLICY
It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure. This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to maintain this level throughout the year.
RISK MANAGEMENT
The charity has assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity and are satisfied that systems are in place to mitigate exposure to major risks.
TRUSTEE RESPONSIBILITIES
Under the Charities Act 2011, the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:
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Select suitable accounting policies and apply them consistently.
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Make judgements and estimates that are reasonable and prudent.
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State whether the applicable accounting standards have been followed.
- Prepare financial statements on an ongoing basis.
They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.
Approved by the Trustees on 05th September 2024 and signed on their behalf by:
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JESUS CHRIST THE MINISTRY ACCOUNTS FOR THE YEAR ENDED 30th September 2023
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1 Receipts & Payments Account (General Purpose Fund)
2023 2022
Income Receipts £ £
Tithes and Offerings 27,097 37,930
Interest 0 0
Grants - 2500
Total Receipts 27,097 40,430
Direct Charitable Expenditure
Hall Hire 15664 11585
Hospitality 1193 1331
Bank Charges 0 0
Burial 0 100
Advertising 838 510
Conference costs 181 0
Accounting 300 0
Covid Test 0 0
DBS Check 0 0
18,176 13,526
Other Expenditure
Equipment - 747
Instruments 1,149 3,034
1,149 3,781
Total Payments 19,325 17,307
Net Receipts/(Payments) for the year 7,772 23,123
Cash Funds brought forward 15,317 15,317
Cash Funds at the end of the year 23,089 38,440
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JESUS CHRIST THE MINISTRY
| 2 Statements of Assets and Liabilities at 30th September 2023 Monetary Assets Cash Funds Unrestricted Funds 2023 £ Bank/Cash 23,089 Total Cash Funds 23,089 Assets Retained for the Charity's Own use Non-monetary Assets and Liabilities Musical Instruments 4,831 Equipments 1,961 6,792 Liabilities Bookkeeping 300 |
2022 £ 38,440 38,440 4,831 1,961 6,792 300 |
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These accounts were approved by the trustees and signed on their behalf by:
Mrs Ruth Mwirigi
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JESUS CHRIST THE MINISTRY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30th September 2023
ACCOUNTING POLICIES
Basis of Accounting
These accounts have been prepared on the receipts and payments basis with all revenue and expenses shown on a cash basis. Nonmonetary assets are shown at estimates of the value at the end of the year.
Funds
The CIO has a general unrestricted fund that receives voluntary donations from attendants at the services.
The CIO has no outstanding guarantees to third parties no debts secured on the assets of the CIO
Public Benefit
The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or aims that are for public benefit. Details of how this is achieved are provided in the Trustees report. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
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