**REGISTERED CHARITY NUMBER:** ## **REPORT OF THE TRUSTEES AND** ## **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022** ## **FOR** ## **CHRIST'S WAY ASSEMBLY MINISTRIES** Appiatse & Associates Chartered Certified Accountants 191 Waltham Way Chingford London E4 8AG **CHRIST'S WAY ASSEMBLY MINISTRIES** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022** |||**Page**|| |---|---|---|---| |**Report of the Trustees**|1|to|3| |**Statement of Financial Activities**||4|| |**Balance Sheet**||5|| |**Notes to the Financial Statements**|6|to|10| |**Detailed Statement of Financial Activities**||11|| **CHRIST'S WAY ASSEMBLY MINISTRIES** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022** The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of 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). ## **OBJECTIVES AND ACTIVITIES** ## **Public benefit** The trustees of Christ's Way Assembly Ministries had due regard to the public benefit guidance published by the Charity Commission in compliance with its duties under section 17 of the Charities Act 2011. The Church is there to: 1. Spread the Word of Gospel in Stoke-on-Trent and the Cities in United Kingdom 2. Helping the greater community grow in the knowledge of the Word of God through empowering, encouraging and instilling hope in them. 3. Identifying the needy and assisting them according to their needs 4. Constant involvement with the Council, local churches and other charities in helping the needy. The trustees consider that for these reasons the charity meets its public benefit requirements. We continue to offer Tea and Coffee sessions to the Local community on Saturday mornings and Sunday afternoon after the Main Sunday meeting. ## **Ministry Growth Plans** Through the help of church Volunteers the church is able to consistently reach out to many people in Stoke-on-Trent and Surroundings cities through the distribution of evangelism material. Although we have slowed down on handing out fliers due to the pandemic we look forward to resume as life returns to normal. We plan to reach out to the county community on a large scale in the 2023 as life is getting back to normal. We have resorted to spread the good news to our local communities through word of mouth. Most of our adult church members voluntarily take evangelism seriously, as a result the ministry is now known by the majority of community members. As a result of a motivated congregation attendance and participation in church activities is very encouraging. It is the Ministry plan to spread the gospel to other parts of England and wales. We look to work hand in hand with other local organisations to increase youth and Sunday school activities to alleviate anti-social behaviour in the community. In addition to the usual Sunday Service and Friday Evening Service the Ministry has a Women's Meeting wing which is well attended and growing. The Pastor also lead Youth meeting quarterly teaching and empowering them to make the right choices in their Christian life. These meetings focus on praying, teaching and living a contemporary life as a Christian. ## **Governance** The Trustees, work together to ensure that the aims and objectives of the Ministry are met and the different internal ministries run smoothly. All the church activities and appointments are governed by our governing document. Trustees from time to time review the current internal control systems making the necessary improvements whenever necessary to comply with current charity legislations. ## **ACHIEVEMENT AND PERFORMANCE** ## **Financials** Voluntary unrestricted income for the 2021/22 financial year totalled £11735 compared to £18810 for the previous year. The variation in income is primarily as result of a slow recovery from the Covid pandemic. The low turnout of church members and also individual financial challenges hindering the general donations and offerings. However the ministry has been able to finance all its operational costs under these circumstances. Thanks to a generous congregation which has been voluntarily giving towards the spreading of the Gospel across the Staffordshire county. Currently the main expense of the church is rent for our Sunday Service and Friday services. The church now use one venue on lease for all church services and we are grateful to have managed to pay monthly rentals throughout the challenging pandemic period. The current place of worship is giving us an opportunity to grow as most members are now used to the same venue. The ministry does not currently have employees at the moment. We look forward to a general growth in members and voluntary tithes and offerings in the year 2023 to 2024. Page 1 **CHRIST'S WAY ASSEMBLY MINISTRIES** ## **REPORT OF THE TRUSTEES** ## **FOR THE YEAR ENDED 31 MARCH 2022** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Constitution, Objectives and Policies** Christ's Way Assembly Ministries is a registered Charity number 1161365 governed by its Governing document dated 21 April 2015. ## Introduction Christ's Way Assembly Ministries was founded in 2015 by Pastor Danford and Jesca in Stoke-on-Trent in Staffordshire, to advance the Christian faith and spread the Gospel here in the United Kingdom. The Pastor Danford ministers at the Sunday main service and Friday evening services. Our Friday services focus on Bible scriptural teaching sessions empowering the church with life changing word of God. Emphasis is on the Bible and the Contemporary life of a Christian. It is in the Friday Evening service that all the church members are encouraged through illustrative teachings to devote themselves to an everlasting and life changing relationship with God. The biblical information the members receive in their spirit allows transformation to take place in their lives. We the Trustees thank our Pastor for tirelessly evangelising, Preaching and teaching throughout 2021/22 financial year. The Pastor and the church continue to reach out to the community after a slow growth in church members and the general turn-out due to the covid pandemic. Our ministry is a multi-cultural church which though still in the growing stage is a united, loving, caring and a compassionate body of Christ. We work with other local churches, community groups and ministers in furtherance of the gospel across the Staffordshire area and beyond. ## **Strategic Plans for the Ministry** The charity's objects are: 1. To empower and instil faith in people through preaching and teaching the Word of God 2. To Spread the Word of God through evangelistic material and other church resources 3.The relief of poverty, Sickness and Distress among church members and the community 4. To Advance the Christian Faith 5. Any other charitable purposes according to the laws of England and Wales and as the Trustees may from time to time think fit. ## Aims of the Ministry The main aim of the Ministry is to spread the Gospel across the cities of United Kingdom through evangelism material, Social media awareness and publications. Although the church is at a growing stage, it is responding well to growth through dedicated Volunteers who work tirelessly in evangelising and outreach programmes. Pastor Danford always emphasise the importance of working together and is passionate about mentoring and raising future church leaders. We as Trustees frequently hold meetings with the Pastor, church leadership and Volunteers making sure that everyone is aligned to the Mission, Vision and Objectives of the Ministry. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** ## **Principal address** ## **Trustees** Ms J Nyokanhete Ms S Siziba (resigned 1.6.21) G Musonza Page 2 **CHRIST'S WAY ASSEMBLY MINISTRIES** ## **REPORT OF THE TRUSTEES** ## **FOR THE YEAR ENDED 31 MARCH 2022** ## **ACKNOWLEDGEMENTS** The Trustees would like to thank all church members for consistently supporting the spreading of the Gospel in Staffordshire and surrounding areas. It is through their voluntary resources that the Ministry is able to meet all its commitments and continue to positively impact people's lives. G. Musonza - Trustee - J. Nyokanhete - Trustee Approved by order of the board of trustees on 25 January 2023 and signed on its behalf by: Ms J Nyokanhete - Trustee Page 3 **CHRIST'S WAY ASSEMBLY MINISTRIES** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022** |||**31.3.22**|31.3.21| |---|---|---|---| |||**Unrestricted**|Total| |||**fund**|funds| ||Notes|**£**|£| |**INCOME AND ENDOWMENTS FROM**|||| |Donations and legacies||**11,735**|18,810| |**EXPENDITURE ON**|||| |Raising funds||**12,305**|12,652| |**Charitable activities**|||| |Evangelism||**8,188**|11,584| |Other||**1,300**|-| |**Total**||**21,793**|24,236| |**NET INCOME/(EXPENDITURE)**||**(10,058)**|(5,426)| |**RECONCILIATION OF FUNDS**|||| |Total funds brought forward||**(5,550)**|(124)| |**TOTAL FUNDS CARRIED FORWARD**||**(15,608)**|(5,550)| The notes form part of these financial statements Page 4 **CHRIST'S WAY ASSEMBLY MINISTRIES** ## **BALANCE SHEET** ## **31 MARCH 2022** |||**31.3.22**|31.3.21| |---|---|---|---| |||**Unrestricted**|Total| |||**fund**|funds| ||Notes|**£**|£| |**FIXED ASSETS**|||| |Tangible assets|4|**4,200**|-| |**CURRENT ASSETS**|||| |Cash at bank||**692**|15,163| |**CREDITORS**|||| |Amounts falling due within one year|5|**(20,500)**|(20,713)| |**NET CURRENT ASSETS/(LIABILITIES)**||**(19,808)**|(5,550)| |**TOTAL ASSETS LESS CURRENT**|||| |**LIABILITIES**||**(15,608)**|(5,550)| |**NET ASSETS/(LIABILITIES)**||**(15,608)**|(5,550)| |**FUNDS**|7||| |Unrestricted funds||**(15,608)**|(5,550)| |**TOTAL FUNDS**||**(15,608)**|(5,550)| The financial statements were approved by the Board of Trustees and authorised for issue on 25 January 2023 and were signed on its behalf by: J Nyokanhete - Trustee The notes form part of these financial statements Page 5 **CHRIST'S WAY ASSEMBLY MINISTRIES** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery - 20% on cost Fixtures and fittings - 20% on cost ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Hire purchase and leasing commitments** Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. Page 6 continued... **CHRIST'S WAY ASSEMBLY MINISTRIES** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022** ## **2. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021. ## **3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** ||Unrestricted| |---|---| ||fund| ||£| |**INCOME AND ENDOWMENTS FROM**|| |Donations and legacies|18,810| |**EXPENDITURE ON**|| |Raising funds|12,652| |**Charitable activities**|| |Evangelism|11,584| |**Total**|24,236| |**NET INCOME/(EXPENDITURE)**|(5,426)| |**RECONCILIATION OF FUNDS**|| |Total funds brought forward|(124)| |**TOTAL FUNDS CARRIED FORWARD**|(5,550)| ## **4. TANGIBLE FIXED ASSETS** |**TANGIBLE FIXED ASSETS**||||| |---|---|---|---|---| |||Fixtures||| ||Plant and|and|Motor|| ||machinery|fittings|vehicles|Totals| ||£|£|£|£| |**COST**||||| |Additions|**2,120**|**2,130**|**1,000**|**5,250**| |**DEPRECIATION**||||| |Charge for year|**424**|**426**|**200**|**1,050**| |**NET BOOK VALUE**||||| |At 31 March 2022|**1,696**|**1,704**|**800**|**4,200**| |At 31 March 2021|-|-|-|-| continued... Page 7 **CHRIST'S WAY ASSEMBLY MINISTRIES** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022** ## **5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** ||||**31.3.22**|31.3.21| |---|---|---|---|---| ||||**£**|£| ||Bank loans and overdrafts (see note 6)||**20,412**|20,625| ||Other creditors||**88**|88| ||||**20,500**|20,713| |**6.**|**LOANS**|||| ||An analysis of the maturity of loans is given below:|||| ||||**31.3.22**|31.3.21| ||||**£**|£| ||Amounts falling due within one year on demand:|||| ||Bank loans||**20,412**|20,625| |**7.**|**MOVEMENT IN FUNDS**|||| ||||Net|| ||||movement|At| |||At 1.4.21|in funds|31.3.22| |||£|£|£| ||**Unrestricted funds**|||| ||General fund|**(5,550)**|**(10,058)**|**(15,608)**| ||**TOTAL FUNDS**|**(5,550)**|**(10,058)**|**(15,608)**| ||Net movement in funds, included in the above are as follows:|||| |||Incoming|Resources|Movement| |||resources|expended|in funds| |||£|£|£| ||**Unrestricted funds**|||| ||General fund|**11,735**|**(21,793)**|**(10,058)**| ||**TOTAL FUNDS**|**11,735**|**(21,793)**|**(10,058)**| continued... Page 8 **CHRIST'S WAY ASSEMBLY MINISTRIES** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022** ## **7. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** |||Net|| |---|---|---|---| |||movement|At| ||At 1.4.20|in funds|31.3.21| ||£|£|£| |**Unrestricted funds**|||| |General fund|(124)|(5,426)|(5,550)| |**TOTAL FUNDS**|(124)|(5,426)|(5,550)| Comparative net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|18,810|(24,236)|(5,426)| |**TOTAL FUNDS**|18,810|(24,236)|(5,426)| A current year 12 months and prior year 12 months combined position is as follows: |||Net|| |---|---|---|---| |||movement|At| ||At 1.4.20|in funds|31.3.22| ||£|£|£| |**Unrestricted funds**|||| |General fund|(124)|(15,484)|(15,608)| |**TOTAL FUNDS**|(124)|(15,484)|(15,608)| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|30,545|(46,029)|(15,484)| |**TOTAL FUNDS**|30,545|(46,029)|(15,484)| continued... Page 9 **CHRIST'S WAY ASSEMBLY MINISTRIES** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022** ## **8. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 March 2022. Page 10 **CHRIST'S WAY ASSEMBLY MINISTRIES** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022** ||31.3.22|31.3.21| |---|---|---| ||£|£| |**INCOME AND ENDOWMENTS**||| |**Donations and legacies**||| |Donations|**11,735**|8,861| |Grants|**-**|9,949| ||**11,735**|18,810| |**Total incoming resources**|**11,735**|18,810| |**EXPENDITURE**||| |**Raising donations and legacies**||| |Church rent|**10,822**|12,192| |Light and heat|**1,483**|460| ||**12,305**|12,652| |**Charitable activities**||| |Insurance|**893**|-| |Telephone|**180**|180| |Printing & Evangelism|**179**|-| |Charitable - Welfare expenses|**1,721**|4,438| |Community projects|**-**|2,842| |Outreach expenses|**1,443**|2,200| |Web design|**196**|200| |Building repairs & painting|**3,535**|1,716| ||**8,147**|11,576| |**Support costs**||| |**Finance**||| |Bank charges|**41**|8| |**Governance costs**||| |Accountancy and legal fees|**250**|-| |Plant and machinery|**424**|-| |Fixtures and fittings|**426**|-| |Motor vehicles|**200**|-| ||**1,300**|-| |Total resources expended|**21,793**|24,236| |**Net expenditure**|**(10,058)**|(5,426)| This page does not form part of the statutory financial statements Page 11