REGISTERED CHARITY NUMBER: 1162131
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2022
for
Christ Image Assembly, Northampton
Rachel Charles & Co 9 Macleod Close Grays Essex RM17 5RD
Christ Image Assembly, Northampton
Contents of the Financial Statements for the Year Ended 31 March 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 5 |
| Independent Examiner's Report | 6 | ||
| Statement of Financial Activities | 7 | ||
| Balance Sheet | 8 | to | 9 |
| Notes to the Financial Statements | 10 | to | 14 |
| Detailed Statement of Financial Activities | 15 | to | 16 |
Christ Image Assembly, Northampton
for the Year Ended 31 March 2022
Report of the Trustees
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
Objectives and aims
A. The advancement of the Christian faith in accordance with the CIO's statement of beliefs, in such ways and in such parts of the United Kingdom or the World as the Trustees from time to time may think fit.
B.The prevention or relief of poverty for the public benefit by the provision of funds, goods or services of any kind in such parts of the United Kingdom or the World as the Trustees from time to time may think fit.
C. The advancement of education for the benefit of the public in such ways and in such parts of the United Kingdom or the World as the Trustees from time to time may think fit.
D. The furtherance of such other purposes as are exclusively charitable under the laws of England and Wales including the relief of social isolation for the elderly and the promotion of good citizenship by helping people make positive contributions to their community as an expression of their faith. "
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Christ Image Assembly, Northampton
Report of the Trustees for the Year Ended 31 March 2022
OBJECTIVES AND ACTIVITIES
Significant activities
In determining its yearly activities, the CIO considered the Charity Commission's guidance on public benefit at its annual meeting for reviewing and setting the annual goals and for developing programmes and projects. The following activities were done in line with the CIO's objectives:
1. Provision of a place of worship
As in previous years, all through the operating year, the CIO held regular Church services twice a week to include worship music, prayers and biblical teachings addressing varied subjects on the Christian Faith. These were publicised using various online and printed media and the general public were invited to attend. The services were a mix of in-person and remote services (using video conferencing software). Sunday services were regularly streamed live on social media channels for a wider reach.
2. Provision of goods to support families in need
During the course of the year, the charity purchased and delivered food and groceries free of charge to individuals and families who had been adversely affected by the COVID-19 pandemic. These included clients of its befriending scheme Linking Lives Northampton and other members of the general public. This project was funded by grants from the Northamptonshire Community Foundation.
During the Christmas season, the Church supported families and individuals in need with Christmas Hampers containing everything needed for a decent Christmas meal. Each hamper was bought at a subsided rate of £25 from the Christmas Lunch on Jesus franchise. The individuals and families in need were identified through self-referrals, referral by friends and families and via social media. We also received referrals from the Department of Work and Pensions and other local charities like the Eve Charity. This is now the seventh consecutive year that the CIO has run this scheme. The CIO intends to continue running this scheme annually.
3. The advancement of Education
The CIO put several teachings/seminars together as part of the statutory worship services. The teachings/seminars covered aspects such as spiritual development, finance, youth empowerment, relationships and personal development. Providers included in - house experts and guest experts. In the course of the year, the CIO provided one Business Analysis course free of charge to the general public. The CIO continued the entrepreneurship and investment club aimed at increasing the financial literacy and developing the entrepreneurship prowess of its members. Members of the club met monthly for training and development sessions.
4. The relief of social isolation
The CIO's befriending scheme; Linking Lives Northampton has continued to help address the problem of social isolation among older persons in Northampton. Demand for the scheme's services remains high. In the course of the year, several more links were made. The number of volunteers working in this scheme also increased during this year. The CIO received grants and donations to support this scheme in the course of the year.
The CIO had a paid employee who coordinated the activities of its befriending scheme.
Public benefit
The CIO held one Business Analysis training course from October to November 2021 which was offered free of charge to the general public.
The CIO supported families and individuals in need with Christmas Hampers at Christmas. The recipients were members of the local community as well as referrals from the Department for Works and Pensions and other local charities.
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Christ Image Assembly, Northampton
for the Year Ended 31 March 2022
Report of the Trustees
ACHIEVEMENT AND PERFORMANCE
Charitable activities
A total of 104 statutory services were held in the course of the year with an average attendance of 80 at the Sunday services and 35 at the midweek services on Wednesdays. These numbers include adults, young people and children. All arms of the church have witnessed a steady increase in membership to a current level of 120. The CIO continues to enjoy a good working relationship with other churches in Northampton. Its leaders meet to pray with other church leaders for the town of Northampton and indeed the nation of Great Britain.
By continuing to hold some services remotely using video conferencing software and by streaming services live on social media networks, the CIO was able to extend its reach and witnessed increased attendance at its services.
The CIO held one Business Analysis training course from October to November 2021 which was offered free of charge to the general public.
Teenagers and youth members of the CIO held regular meetings which featured teachings and activities aimed at empowering young people to succeed in their endeavours and for positive impact on the community.
The Trustees of the CIO continue to support the members of the church through the pastoral care team and the follow up and visitation teams. The recently implemented cell system continued to run effectively to increase the level of care and support for its members. Birthdays and wedding anniversaries of the CIO's members were acknowledged and celebrated. Regular prayer and bible teaching sessions were held through the year, which many members find comforting and uplifting.
Fundraising activities
The CIO received a £10,000 grant in December 2021 from The National Lottery Fund for Linking Lives Project.
Investment performance
The charity continued to work towards its investment goals after the successful purchase of a property for use in pursuant of its charitable activities.
FINANCIAL REVIEW
Going concern
In response to the Coronavirus Pandemic, the government announced an action plan which, among a series of measures, included a national lockdown. This restricted non-essential travel and disallowed all social gatherings of groups including holding of church services. Almost all areas of the CIO’s ministry was affected by the lockdown both in 2020 and 2021.
The CIO has continued its Sunday and midweek meeting and activities per se through ZOOM. This however, cannot replace the fellowship enjoyed by members through regular attendance at weekly services and special events. The primary and most dependable revenue stream has been through collections made at ‘live’ weekly services and special events where members would traditionally make their financial gift of tithes and offerings.
Through many initiatives, we were able to keep in regular contact with our membership and to adjust to the ever changing situation and the multiplicity of complex challenges that the lockdown would have on the membership. The CIO has continued to minister to the spiritual health and general wellness of our members and fulfil our wider commission to the community.
Robust and regular financial reporting has always been in place, however, the Trustees ensured that the major works being done to repair the building roof was completed and the charity received a bank loan to help make the payments. The organisation availed itself of the Coronavirus Job Retention Scheme (CJRS) introduced by the government in light of the Covid-19 pandemic, no other government support was obtained. Additionally, the Trustees have reviewed its operations and plans going forward. As we finalise this report, many of the lockdown measures have been removed . Our church buildings is open for use in line with regulations on Covid -19 compliance. .
Undoubtedly there may be challenges ahead because of the uncertainties that may arise due to the pandemic but the trustees do not expect material concerns to arise over the charity’s financial position or going concern. The trustees have concluded, based on the cash balances and forecast, that the charity will have sufficient resources to meet its liabilities as they fall due and continue in operational existence for the foreseeable future.
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Christ Image Assembly, Northampton
Report of the Trustees for the Year Ended 31 March 2022
FUTURE PLANS
The CIO plans to work more with the Linking Lives Northampton to continue its community engagement work.
The CIO plans to support individuals and families at Christmas through its Christmas Lunch on Jesus initiative and also to donate several hampers to those in need.
The church also plans to continue its welfare package to support our members who were adversely affected by the pandemic.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document which is its Constitution
Charity constitution
Charitable Incorporated Organisation (CIO) Foundation
Recruitment and appointment of new trustees
Under the requirements of the Charity Constitution, Trustees are elected to serve under a fixed term and can be re-elected for further fixed terms.
Organisational structure
The charity was established on 11 June 2015 as a Charitable Incorporated Organisation. The governance of the Charity is maintained by the trustees. The trustees hold regular board meetings and additional meetings when required.
The charity is currently supported by about 40 volunteers who work on average 4 hours every week. If minimum wage is applied to this the cash value to the charity of the volunteer force in a full year could be over £79,040. Without the support of these volunteers the charity would not have been able to meet its aims and objectives effectively.
Induction and training of new trustees
The trustees are familiar with the workings of the church and the charity draws from long-standing church members and Christians from other denominations that have a skill-set to offer. New trustees are encouraged to attend a series of short training and are encouraged to attend training seminars provided by external organisations.
Wider network
CIA is an affiliate of the international ministry of Christ Image Assembly whose head church is in Lagos, Nigeria.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1162131
Principal address
28-34 Wellington Street Northampton NN1 3AS
Trustees
Dr Adewale Henry Akintunde Temitope Kujore Dr Temitope Taiwo Ojo Olufemi Adeleye Mrs Itohan Laura Oboh
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Christ Im ¢ Assembl Northam ton Re n of ihe Trustees f hey arEnde 31M h20 REFERFNCE AND ADMif*lSTRATIVE DETAIIS Independeni Examiner Charle5 ClaTkt FCCA Rachel Charles & Co 9 Macleod C105e Grays E55ex RM175RD Senior Management Team Oluwajumokc Akinlunde Hilda Oloiu iL)la kujore Bgnkers Barclays Bank PIC 267 Wellingix)wugh Road Northampton NNI 4FN Appn)ved by orderof the board of trustees on signed on its behalf by.. Dr Temilo Taiwo Ojo- TnJste¢ Page 5
Independent Examiner's Report to the Trustees of Christ Image Assembly, Northampton
Independent examiner's report to the trustees of Christ Image Assembly, Northampton
I report to the charity trustees on my examination of the accounts of Christ Image Assembly, Northampton (the Trust) for the year ended 31 March 2022.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material 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 Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set 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 examination.
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.
Charles Clarke FCCA Rachel Charles & Co 9 Macleod Close Grays Essex RM17 5RD
Date: ............................................. 5th November, 2022
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Christ Image Assembly, Northampton
Statement of Financial Activities
for the Year Ended 31 March 2022
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 65,469 Charitable activities Charitable Activities - Total 65,469 EXPENDITURE ON Charitable activities Charitable Activities 55,429 NET INCOME/(EXPENDITURE) 10,040 RECONCILIATION OF FUNDS Total funds brought forward 116,963 TOTAL FUNDS CARRIED FORWARD 127,003 |
Restricted Fund £ - 10,000 10,000 12,667 (2,667) 5,218 2,551 |
31.3.22 Total funds £ 65,469 10,000 75,469 68,096 7,373 122,181 129,554 |
31.3.21 Total funds £ 71,457 15,500 |
|---|---|---|---|
| 86,957 84,194 |
|||
| 2,763 119,418 |
|||
| 122,181 |
The notes form part of these financial statements
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Christ Image Assembly, Northampton
Balance Sheet
31 March 2022
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 5 246,748 CURRENT ASSETS Cash at bank - CREDITORS Amounts falling due within one year 6 (12,780) NET CURRENT ASSETS (12,780) TOTAL ASSETS LESS CURRENT LIABILITIES 233,968 CREDITORS Amounts falling due after more than one year 7 (106,965) NET ASSETS 127,003 |
Restricted Fund £ - 2,551 - 2,551 2,551 - 2,551 |
31.3.22 Total funds £ 246,748 2,551 (12,780) (10,229) 236,519 (106,965) 129,554 |
31.3.21 Total funds £ 237,822 27,215 (10,415) 16,800 254,622 (132,441) 122,181 |
|---|---|---|---|
The notes form part of these financial statements
continued...
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Christ I e Assembl Northam Balance Shttt- continued FIINDS Unresiricted funds R¢stri¢ied funds 127,003 2.551 116,963 5.218 TOTAL FUNDS 1 ?9.554 122,181 The financial sthtements were approved by the Board of Tnjstees and authorised for issu¢ . and were signed on its behalf by.. on Oluferni Adeleye- Trustee Temil ¢ Taiwo Oio- Trustee Temiiop Kujore. Trustee Adewale H¢nry Akintunde- Trustee Iiohan Laura Oknh- TTU5te£ The noies fomi part of these financial statements Page 9
Christ Image Assembly, Northampton
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 - 25% on cost Fixtures and fittings - 33% on cost Computer equipment - 33% 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.
continued...
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Christ Image Assembly, Northampton
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. STAFF COSTS
The average monthly number of employees during the year was as follows:
4.
| Management and Administration Community Project staff No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 71,457 Charitable activities Charitable Activities 13,000 Total 84,457 EXPENDITURE ON Charitable activities Charitable Activities 82,694 NET INCOME 1,763 RECONCILIATION OF FUNDS Total funds brought forward 115,200 TOTAL FUNDS CARRIED FORWARD 116,963 |
31.3.22 1 1 2 Restricted Fund £ - 2,500 2,500 1,500 1,000 4,218 5,218 |
31.3.21 1 1 2 Total funds £ 71,457 15,500 |
|---|---|---|
| 86,957 84,194 |
||
| 2,763 119,418 |
||
| 122,181 |
continued...
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Christ Image Assembly, Northampton
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
5. TANGIBLE FIXED ASSETS
| COST At 1 April 2021 Additions At 31 March 2022 DEPRECIATION At 1 April 2021 Charge for year At 31 March 2022 NET BOOK VALUE At 31 March 2022 At 31 March 2021 |
Freehold property £ 231,407 - 231,407 - - - 231,407 231,407 |
Plant and machinery £ 13,408 16,852 30,260 8,217 7,565 15,782 14,478 5,191 |
Fixtures and fittings £ 476 - 476 396 79 475 1 80 |
Computer equipment £ 2,361 198 2,559 1,217 480 1,697 862 1,144 |
Totals £ 247,652 17,050 |
|---|---|---|---|---|---|
| 264,702 | |||||
| 9,830 8,124 |
|||||
| 17,954 | |||||
| 246,748 | |||||
| 237,822 |
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 31.3.22 £ Bank loans and overdrafts (see note 8) 12,200 Other creditors 580 12,780 CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 31.3.22 £ Bank loans (see note 8) 106,965 Other creditors - 106,965 LOANS An analysis of the maturity of loans is given below: 31.3.22 £ Amounts falling due within one year on demand: Bank overdraft 2,300 Bank loans 9,900 12,200 Amounts falling between one and two years: Bank loans - 1-2 years 9,900 Amounts falling due between two and five years: Bank loans - 2-5 years 29,700 |
31.3.21 £ 9,900 515 10,415 31.3.21 £ 112,441 20,000 |
31.3.21 £ 9,900 515 10,415 31.3.21 £ 112,441 20,000 |
|---|---|---|
| 132,441 | ||
| 31.3.21 £ - 9,900 9,900 9,900 29,700 |
||
| 9,900 | ||
| 9,900 | ||
| 29,700 |
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
8. LOANS
continued...
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Christ Image Assembly, Northampton
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
| 8. LOANS - continued Amounts falling due in more than five years: Repayable by instalments: Bank loans more 5 yr by instal Other loans more 5yrs instal 9. MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds Restricted Fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Restricted Fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Restricted funds Restricted Fund TOTAL FUNDS |
At 1.4.21 £ 116,963 5,218 122,181 Incoming resources £ 65,469 10,000 75,469 At 1.4.20 £ 115,200 4,218 119,418 |
31.3.22 31.3.21 £ £ 67,365 72,841 - 20,000 67,365 92,841 Net movement At in funds 31.3.22 £ £ 10,040 127,003 (2,667) 2,551 7,373 129,554 Resources Movement expended in funds £ £ (55,429) 10,040 (12,667) (2,667) (68,096) 7,373 Net movement At in funds 31.3.21 £ £ 1,763 116,963 1,000 5,218 2,763 122,181 |
|---|---|---|
continued...
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Christ Image Assembly, Northampton
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
9. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 84,457 | (82,694) | 1,763 |
| Restricted funds | |||
| Restricted Fund | 2,500 | (1,500) | 1,000 |
| TOTAL FUNDS | 86,957 | (84,194) | 2,763 |
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2022.
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Christ Image Assembly, Northampton
Detailed Statement of Financial Activities for the Year Ended 31 March 2022
| 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 | 61,583 | 55,933 |
| Gift aid | - | 9,509 |
| Job Retention Scheme Grants | 3,886 | 6,015 |
| 65,469 | 71,457 | |
| Charitable activities | ||
| Grants | 10,000 | 15,500 |
| Total incoming resources | 75,469 | 86,957 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages | 29,363 | 21,391 |
| Honorarium | 650 | 200 |
| Church event costs | 14,340 | 8,692 |
| Missions and Evangelism | 1,360 | 905 |
| Hospitality | 1,109 | 177 |
| Sundries | 301 | 356 |
| Repair to Property | 4,641 | 36,500 |
| Mortgage | 3,992 | 4,553 |
| Bank charges | 252 | - |
| 56,008 | 72,774 | |
| Support costs | ||
| Management | ||
| Insurance | - | 1,021 |
| Telephone | 623 | 494 |
| Website costs | - | 126 |
| Rates and water | 995 | 1,703 |
| Light and heat | 726 | 1,556 |
| Travel costs | 657 | - |
| 3,001 | 4,900 | |
| Other | ||
| Plant and machinery | 7,565 | 3,352 |
| Fixtures and fittings | 79 | 158 |
| Computer equipment | 480 | 480 |
| 8,124 | 3,990 | |
| Governance costs | ||
| Pensions | 368 | - |
| Carried forward | 368 | - |
This page does not form part of the statutory financial statements
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Christ Image Assembly, Northampton
Detailed Statement of Financial Activities for the Year Ended 31 March 2022
| Detailed Statement of Financial Activities for the Year Ended 31 March 2022 |
||
|---|---|---|
| 31.3.22 | 31.3.21 | |
| £ | £ | |
| Governance costs | ||
| Brought forward | 368 | - |
| Professional fees | - | 2,000 |
| Accountancy fees | 595 | 530 |
| 963 | 2,530 | |
| Total resources expended | 68,096 | 84,194 |
| Net income | 7,373 | 2,763 |
This page does not form part of the statutory financial statements
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