Charity Registered number 1161789
Christ’s Gospel Church (World Outreach Evangelistic Ministry) Annual Accounts & Reports 31[st] March 2022
Christ’s Gospel Church
| Annual Accounts and Reports Contents | |
|---|---|
| Page | |
| Trustee's report | 1, 2 |
| Accountants' report | 3 |
| Profit and loss account | 4 |
| Balance sheet | 5 |
| Notes to the accounts | 6, 8 |
| Summary Statement | 7 |
Christ’s Gospel Church Charity Registered number: 1161789
Trustee's Report
The Trustees present their report and annual accounts for the year ended 31[st] March 2022
Trustees, structure, governance and management
The following persons served as trustees during the year ended 31[st] March 2022:
Miss Victoria Williams Mrs Ijeoma Amakachukwu Nwike Mrs Mercy Boateng
Registered Office
40 Lakeview Road London SE27 0QJ
Bankers
Barclays Bank
Principal activities
The Charity principal activity during the year continued to be ministering to the church members and the community as well.
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies’ regime.
And also statutory requirements of the governing document and the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” issued in March 20105
The Trustees are satisfied that the charity is entitled to exemption from the requirement to obtain an audit under section 415A of the Companies Act 2006. The members or elders have not required the charity to obtain an audit in accordance with section 476 of the Company Act 2006.
Therefore, trustees acknowledged their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Objects
The objects of the charity are:-
To advance the Christian faith for the public benefit in such a ways as the trustees/elders from time to time may think fit.
1
Organisation
Christ’s Gospel Church has been standard registered since 21[st] May 2015, but had its operations more than 10years prior to that date.
The charity is organised so that the trustees meet regularly on phone/or in person regularly to managed its affairs. Trustees are initially appointed by Pastors and Elders of the church and must fulfil the requirements set out in the church constitution.
Our policy covers complaints handling, conflicting interest, risk management, safeguarding vulnerable beneficiaries and volunteer management.
Achievement and Performance
There have been significant changes to our style of church and organisation as whole since COVID -19, which includes zoom meetings. Even after reopen of the economic – still some aspect of our church is not operating normal, which has had negative impact on our income and all donations. But still we are doing our best possible.
We are hopeful, by the grace of God things will be changing for the foreseeable future.
The trustees actively review the risks which may affect its continuality or the smooth running of the church on a regular basis. The trustees also examine other operational and any risks that might face the charity and helps to mitigate any significant risks which may arise.
This report was approved by the Trustees on 29th December 2022 and signed on behalf, by:
Miss Victoria Williams
Trustee’s Chairperson
2
Accountant’s Report
Accountants' report to the Trustees Christ’s Gospel Church
We have carried our normal duties to Christ’s Gospel Church as Accountants to the charity. We consider that the Charity is exempt from an audit for the year ended 31[st] March 2022.
Christ’s Gospel Church trustees have acknowledged, on the balance sheet, their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the Charity at the end of the financial year and of its profit or loss for the financial year.
In accordance with their instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the charity and on the basis of information and explanations they have given to us.
The church is doing activities are moving on very well and the management team and leaders are performing good work done. I cannot say or mention that I see any mismanagement of funds. Things are done in right way accordingly
None of the trustees has any beneficial interest in the charity. The trustees have assessed the major risk to which the charity is exposed, and are satisfied that internal control systems are in place to mitigate exposure to the major risks.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Accountants:
EBS ACCOUNTANCY CONSULTANTS
128 Redbridge Stantonbury Milton Keynes MK14 6DJ
3
Christ’s Gospel Church Profit and Loss Account for the year ended 31[st] March 2022
| Notes Income Voluntarily Donations & HMRC Expenses General expenses Accountancy fees Bank Charges Welfare & Training Equipment expenses Rent Marketing & Advertisement Telephone & subsistence Charity Donations Light & Heating Insurance Wages and Salaries Net Profit for the year |
2022 £ 36,415.91 1,150.90 2,050.00 725.40 500.00 277.92 20,600.00 1,400.00 953.75 1,450.00 1,470.00 545.10 2,930.00 (34,053.07) 2,362.84 |
2022 £ 36,415.91 1,150.90 2,050.00 725.40 500.00 277.92 20,600.00 1,400.00 953.75 1,450.00 1,470.00 545.10 2,930.00 (34,053.07) 2,362.84 |
|---|---|---|
| 2,362.84 |
4
Christ’s Gospel Church
| Balance Sheet as at 31 December 2022 Non-Current Assets FA – Equipment 3,450.00 Fixture, & fittings 277.92 Current Assets: Bank 3,513.16 Prepayment0.00 Less: Current Liabilities Creditors – Loans to church Beatrice Dankwa (2,000.00) Margaret Williams(1,765.08) Net Liabilities Charity reserves Profit and loss account Charity Fund |
£ 3,727.92 3,929.00 7,656.92 (3,765.08) 3,891.84 1,529.00 2,362.84 3,891.84 |
|---|---|
5
Christ’s Gospel Church
Notes to the Accounts for the year ended 31[st ] March 2022
1. Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Voluntarily Income and HMRC gift aid represents the value, net of value added tax and discounts, of goods provided to the church and work carried out in respect of services provided to church members.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 20% straight line Motor vehicles 25% straight line
2. Interest/ Tax payable
2022 £
Interest payable 0.00
3. Profit and loss account 2022 £ Profit for the year 2,362.84
Profit for the year
6
Christ’s Gospel Church
Summary Statement for the year ended 31[st] March 2022
| Unrestricted Fund | |
|---|---|
| 2022 | |
| £ | |
| Operating Income: | |
| Income | |
| 36,415.91 | |
| Expenses | |
| (34,053.07) | |
Operating Profit |
2,362.84 |
| Interest & Tax payable | 0.00 |
| Net Movement of Funds for the year | 2,362.84 |
7
Christ’s Gospel Church
| Detailed profit and loss account for the year 31st March 2022 | Detailed profit and loss account for the year 31st March 2022 | Detailed profit and loss account for the year 31st March 2022 | |
|---|---|---|---|
| £ | |||
| Income | |||
| Donations – Tithes & Offerings | 18,665.00 | ||
| HMRC – Gift Aid | 17,750.91 | ||
| 36,415.91 | |||
| Expenses | |||
| General expenses | 1,150.90 | ||
| Accountancy fees | 2,050.00 | ||
| Bank Charges | 725.40 | ||
| Welfare & Training |
500.00 | ||
| Equipment expenses | 277.92 | ||
| Rent | 20,600.00 | ||
| Marketing & Advertisement | 1,400.00 | ||
| Telephone & subsistence | 953.75 | ||
| Charity Donations | 1,450.00 | ||
| Light & Heating | 1,470.00 | ||
| Insurance | 545.10 | ||
| Wages and Salaries | 2,930.00 | ||
| (34,053.07) | |||
| Net Profit for the year | **2,362.84 ** |
8