2021-04-30-accounts - Power And Peace Chapel International

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POWER AND PEACE CHAPEL INTERNATIONAL

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30[th] APRIL 2021

CHARITY NUMBER: 1161004

POWER AND PEACE CHAPEL INTERNATIONAL UNIT 7 10 ARGALL AVENUE LONDON E10 7QE INDEX Page Legal & Administrative Details 1 Trustees Report 2 – 3 Independent Examiner’s Report 4 Statement of Financial Activities 5 Balance Sheet 6 Notes on the financial Statements 7 -11

POWER AND PEACE CHAPEL INTERNATIONAL

LEGAL & ADMINISTRATIVE DETAILS YEAR ENDED 30[TH] APRIL 2021

ADDRESS FOR CORRESPONDENCE

UNIT 7 10 ARGALL AVENUE LONDON E10 7QE

REGISTERED CHARITY NUMBER 1161004

GOVERNING DOCUMENT CIO – FOUNDATION REGISTERED 20 MAR 2015

TRUSTEES/ DIRECTORS

MS EFUA HINTON MS GETRUDE TUFFOUR - DUFIE MR JACK WILLIAMS

PRINCIPAL BANKERS

HSBC BANK PLC 15 WELLINGTON STREET WOOLWICH SE18 6PH

INDEPENDENT EXAMINER

FRESH FIRE ORGANISATION GENERATOR BUSINESS CENTRE 95 MILES ROAD MITCHAM CR4 3FH

POWER AND PEACE CHAPEL INTERNATIONAL

TRUSTEES’ REPORT YEAR ENDED 30[TH] APRIL 2021

The trustees are pleased to present their report for the year ended 30[th] April 2021 for the charity, POWER AND PEACE CHAPEL INTERNATIONAL Ministries with Charity Number 1161004.

The Trustees of the charity are: MR EFUA HINTON MS GERTRUDE TUFFOUR-DUFIE MR JACK WILLIAMS

The principal address of the charity is : UNIT 7

10 ARGALL AVENUE LONDON E10 7QE

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Charity governing document is a CIO- Foundation Constitution registered on 20[th] March 2015.

OBJECTIVES AND ACTIVITIES

The Objects of the organisation are to advance the Christian in accordance with the Statement of Beliefs in such ways as the trustees from time to time may think fit. 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 Organisation held successful meetings through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. These meetings were very beneficial to members of the community and the church experienced numerical growth as a result of these meetings. The public continue to benefit from the edifying and improving effect they receive from the worship services. Due to the pandemic the charity conducted all services online on Zoom and other social media platforms. They also held some programs on Christian television which proved to be very fruitful in reaching people in the community

FINANCIAL REVIEW

The income of the charity is above £203,000. This is a good amount for this year of the charity the costs have been well managed over this period. The organisation is still in a good position to manage its costs. The main cost of the organisation was paying for the hall that it uses as a place of worship.

FUTURE DEVELOPMENTS

The church plans to continue working towards securing a more permanent building for use for its worship services and plans to continue to benefit the public with its services which has made a great positive impact in the community.

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 have 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:

Select suitable accounting policies and apply them consistently.
Make judgements and estimates that are reasonable and prudent.
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 1993.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 15[th] February 2022 and signed on their behalf by:

Independent Examiner’s Report To the Trustees

POWER AND PEACE CHAPEL INTERNATIONAL

I report on the accounts of the company for the year ended 30[th] April 2021 set out on the following pages which have been prepared on the basis of the accounting policies shown in the corresponding pages.

Respective responsibilities of trustees and examiner

The trustees (who are also directors of the company for the purposes of company law) of the church are responsible for the preparation of accounts: the trustees consider that an audit does not apply for this year under section 144(2) of the Charities Act 2011. Having satisfied that the charity is not subject to audit under company law and is eligible for independent examination, It is my responsibility to:

Examine the accounts under section 145 of the 2011 Act.
Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 145(5)(b) of the 2011 Act.
State whether particular matters have come to my attention.

Basis of Independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the church 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 aspect, the requirements:
to keep accounting records in accordance with section 386 of the Companies Act 2006: and
accounts are prepared which agree with the accounting records and comply

with the accounting requirements of section 36 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended

Practice: Accounting and Reporting by Charities 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.

Chuks Ajuka BSc(Man), FICB PM.Dip FRESH FIRE ORGANISATION 95 MileRoad Mitcham Surrey CR4 3FH

POWER AND PEACE CHAPEL INTERNATIONAL

Statement of Financial Activities for the year ended 30th April 2021

	Unrestricted	Unrestricted	Total Funds	Total Funds
	Funds		2021	2020
Incoming ResourcesNote	£		£	£
from generated funds
Donations and Legacies	2	195288	195288	127810
Investment income	3	1	1	165
	_ ___ ___ _
		195289	195289	127975
Other Income
Other	2	8386	8386	25052
	_______
Total Incoming		203675	203675	153027
Resources
	_______
Resources Expended
Charitable activities in furtherance of objectives
Cost of Activities	6	121,399	121,399	108273
Other	7	1,603	1,603	6862
	_______
Total Resources		123,002	123,002	115135
Expended	_______
Net movement in funds		80,673	80,673	37892
Reconciliation of Funds
Total Funds brought forward		153723	153723	115831
Total Funds carried forward		234,396	234,396	153723

The above funds are all classed as to purpose All movements of funds and all recognised gains and losses are included above.

The notes on the accounts form part of these accounts.

POWER AND PEACE CHAPEL INTERNATIONAL

Balance Sheet as at 30th APRIL 2021

Note 2021 Fixed Assets £ Tangible fixed assets 4 19001 _ 19001 _ Current Assets Cash at bank and in hand 211445 Debtors & prepayments 4750 216195 Creditors:amounts falling due within one year Creditors & accruals 8 800 _ Net Current Assets 215395 _ Net Assets 234396 Total Funds 234396 General Funds ___ Unrestricted funds 234396 Restricted funds 0 Total Funds 234396	2020 £ 10159
	___ 10159
	___ 137895 6469
	144364 800
	___ 143564
	_ 153723 153723 _ 153723 0
	153723

Approved by the trustees on 15th February 2022 and signed on their behalf by :

The notes on these accounts form part of these accounts

POWER AND PEACE CHAPEL INTERNATIONAL

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30[th] April 2021

1.1 Basis of Accounting

These accounts have been prepared under the historic cost convention with items Recognised at cost or transaction values otherwise stated in the relevant note(s) to These accounts. The accounts have been prepared in accordance with:

The Statement of Recommended Practice: Accounting and Reporting by Charities Preparing their accounts in accordance with the Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014.

1.2 Going Concern: The accounts are prepared on a going concern basis.

1.3 The accounts present a true and fair view and no change have been made to the accounting policies adopted.

1.4 No changes to the accounting estimates have occurred in the reporting period

1.5 No material prior year error have been identified in the reporting period.

Recognition of Income

These are included in the Statement of Financial Activities (SOFA) when:

The charity becomes entitled to resources;
It is more likely than not that the trustees will receive the resources;
The monetary value can be measured with sufficient reliability.

Grants and Donations

Grants and Donations are only included in the SOFA when the general income recognition criteria are met (5.10 to 512 FRS102 SORP)

Tax reclaim on donations and gifts

Gift Aid receivable is included in the income when there is a valid declaration from the donor. Any gift aid amount recovered on a donation is considered to be part of that gift and is treated in addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.

EXPENDITURE AND LIABILITIES

Liability Recognition

Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.

Grants and Support Costs

Support costs have been allocated between the governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.

POWER AND PEACE CHAPEL INTERNATIONAL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30[TH] APRIL 2021

Creditors

The charity has creditors which are measured at settlement amounts less any trade discounts.

ASSETS

Tangible Fixed Assets for use by the charity

They are capitalised if they can be used for more than one year. They are valued at cost. The depreciation is calculated at 20% reducing balance method.

Debtors

Debtors are measured on initial recognition at settlement amount. Subsequently they are measured at cash.

POWER AND PEACE CHAPEL INTERNATIONAL (COMPANY LIMITED BY GUARANTEE) Notes to the accounts for year ended 30th April 2021

2 Voluntary Income/ Other Income

Church collections Donations Others Total	Unrestricted Restricted Total fundsTotal Funds Funds 2021 2020 £ £ £ £ 195288 195288 127810 0 0 0 195288 195288 127810

	Unrestricted	Total fundsTotal funds	Total fundsTotal funds
Other Income	funds/£	2021/£	2020/£
Gift Aid	8386	8386	25052
Investment income
	Unrestricted	Total fundsTotal funds
	Funds £	2021/£	2020/£
Interest	1	1	165

3 Investment income

4 Tangible Fixed Assets Cost At 01/05/2020 Additions At 30/04/2021 Depreciation At 01/05/2020 charge for the year At 30/04/2021 NBV at 30/04/2021 NBV at 01/05/2020	Vehicles Instrument Fix & Fitt Equipment Total 2021 £ £ £ £ £ 8640 1188 1586 5576 16990 0 0 0 13591 13591
	8640 1188 1586 19167 30581 3110 540 965 2216 6831 1106 129 124 3390 4749
	4216 669 1089 5606 11580 4424 519 497 13561 19001 5530 648 621 3360 10159

POWER AND PEACE CHAPEL INTERNATIONAL

Notes to the accounts for year ended 30th April 2021

6 Cost of Activities in furtherance of Charity's Objectives

Conference costs TV and Radio costs Tax/Ni Music Services Welfare Light & Heat Renewals Church Supplies Pastor's wages Transport Telephone & Internet Professional fees Mission house expens Rent and Rates Media services Office/Subscriptions Printing & Advertising Depreciation Pension Insurance Total 7 Other Speakers expenses Stationery Hospitality Website costs Total	2021/£ 2020/£ 590 3198 440 1771 4489 1869 6360 4250 8626 4961 1479 1872 2978 402 1248 2325 22022 21932 570 3441 1447 1282 4332 3485 0 0 53076 47991 2617 147 248 809 4087 3760 4749 2538 980 1400 1061 840
	121399 108273
	2021/£ 2020/£ 1000 6346 141 90 336 300 126 126
	1603 6862

Trustee Remuneration

No other trustee received payments or any other personal benefits from the organisation There is 1 employee that has not been paid more than £30000 in the year. All other work was carried out by volunteers.

8 Creditors: amounts falling due within one year 2021/£ 2020/£ Accounting Services 800 800 9 Debtors and Prepayments 2021/£ 2020/£ Debtor 4750 6469 11