**REGISTERED CHARITY NUMBER: 1162131** Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2023 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 2023 |||Page|| |---|---|---|---| |Report of the Trustees|1|to|4| |Independent Examiner's Report||5|| |Statement of Financial Activities||6|| |Balance Sheet|7|to|8| |Notes to the Financial Statements|9|to|13| |Detailed Statement of Financial Activities|14|to|15| Christ Image Assembly, Northampton Report of the Trustees for the Year Ended 31 March 2023 The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. 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. " ## **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 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 receive referrals from the Department of Work and Pensions and other local charities like the Eve Charity. This is now the eight consecutive year that the CIO has run this scheme. The CIO intends to continue running this scheme annually. The charity identified and supported families in need with welfare donations as part of the celebration of its 8th year anniversary ## 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 had a paid employee who coordinated the activities of the befriending scheme. Page 1 Christ Image Assembly, Northampton for the Year Ended 31 March 2023 ## Report of the Trustees ## **OBJECTIVES AND ACTIVITIES Public benefit** The CIO held two Business Analysis training course 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. The charity identified and supported families in need with welfare donations as part of the celebration of its 8th year anniversary. ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable activities** A total of 104 statutory services were held in the course of the year with an average attendance of 115 at the Sunday services and 45 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 130. 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 two Business Analysis training courses during the year which was offered free of charge to the 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 did not receive any grants this year. ## **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. ## **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. Page 2 Christ Image Assembly, Northampton Report of the Trustees for the Year Ended 31 March 2023 ## **STRUCTURE, GOVERNANCE AND MANAGEMENT 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 50 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 £98,800. 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 (resigned 31.12.22) Temitope Kujore Dr Temitope Taiwo Ojo Olufemi Adeleye Mrs Itohan Laura Oboh Mrs Chidinma Kingsley-Uju (appointed 16.4.23) ## **Independent Examiner** Charles Clarke FCCA Rachel Charles & Co 9 Macleod Close Grays Essex RM17 5RD ## **Senior Management Team** Oluwajumoke Akintunde Hilda Olotu Lola Kujore ## **Bankers** Barclays Bank Plc 267 Wellingborough Road Northampton NN1 4EN Page 3 hrist Ima e Assembl N of the Trnstees for the Year Ended l M￿kn 2023 Approved by order of the ix)ard of tn]stees on 10 December2023 and signed on its behalf by: Dr Temitope Taiwo Ojo- Trustee Page 4 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 2023. ## **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: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. 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 10/12/2023 Date: ............................................. Page 5 Christ Image Assembly, Northampton ## Statement of Financial Activities ## for the Year Ended 31 March 2023 |Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
117,207
**Charitable activities**
Charitable Activities
-
Investment income
2
41
**Total**
117,248
**EXPENDITURE ON**
**Charitable activities**
Charitable Activities
63,909
Other
12,899
**Total**
76,808
**NET INCOME/(EXPENDITURE)**
40,440
**RECONCILIATION OF FUNDS**
Total funds brought forward
127,003
**TOTAL FUNDS CARRIED FORWARD**
167,443|Restricted
Fund
£
-
-
-
-
1,900
-
1,900
(1,900)
2,551
651|31.3.23
Total
funds
£
117,207
-
41
117,248
65,809
12,899
78,708
38,540
129,554
168,094|31.3.22
Total
funds
£
65,469
10,000
-| |---|---|---|---| ||||75,469| ||||68,096
-| ||||68,096| ||||7,373
122,181| ||||129,554| The notes form part of these financial statements Page 6 Christ Image Assembly, Northampton ## Balance Sheet ## 31 March 2023 |Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
6
262,493
**CURRENT ASSETS**
Cash at bank
17,511
**CREDITORS**
Amounts falling due within one year
7
(10,520)
**NET CURRENT ASSETS**
6,991
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
269,484
**CREDITORS**
Amounts falling due after more than one year
8
(102,041)
**NET ASSETS**
167,443|Restricted
Fund
£
-
651
-
651
651
-
651|31.3.23
Total
funds
£
262,493
18,162
(10,520)
7,642
270,135
(102,041)
168,094|31.3.22
Total
funds
£
246,748
2,551
(12,780)
(10,229)
236,519
(106,965)
129,554| |---|---|---|---| The notes form part of these financial statements continued... Page 7 Chri arch 2023 FUNDS Unrestricted funds Restricted funds 10 167,443 651 127,003 2.551 TOTAL FUNDS 168,094 129,554 Th¢ f]nan¢ial 5Lqtements w¢r¢ apFwved by the Board of Trustees and'authorised for issue on 10 December 2023. and were signed on its i￿half by: Olufani Adeleye- TTilStee Temitope Taiwo Ojo- Tru5t¢e Temitope Kujore- Trustee Adewale Henry Akintunde- Tr￿Stee Itohan Laura Oboh- Trustee The notes fomi part of these financial statements Page 8 Christ Image Assembly, Northampton Notes to the Financial Statements for the Year Ended 31 March 2023 ## **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... Page 9 Christ Image Assembly, Northampton Notes to the Financial Statements - continued for the Year Ended 31 March 2023 ## **2. INVESTMENT INCOME** **----- Start of picture text -----**
31.3.23 31.3.22
£ £
Interest Income 41 -
**----- End of picture text -----**
## **3. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022. ## **4. STAFF COSTS** The average monthly number of employees during the year was as follows: ## **5.** |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
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|31.3.23

1
1
2
Restricted
Fund
£
-
10,000
10,000
12,667
(2,667)
5,218
2,551|31.3.22
1
1
2
Total
funds
£
65,469
10,000| |---|---|---| |||75,469| |||68,096| |||7,373
122,181| |||129,554| continued... Page 10 Christ Image Assembly, Northampton ## Notes to the Financial Statements - continued for the Year Ended 31 March 2023 ## **6. TANGIBLE FIXED ASSETS** |Fixtures
Freehold
Plant and
and
Computer
property
machinery
fittings
equipment
£
£
£
£
**COST**
At 1 April 2022
231,407
30,260
476
2,559
Additions
-
27,846
-
-
At 31 March 2023
231,407
58,106
476
2,559
**DEPRECIATION**
At 1 April 2022
-
15,782
475
1,697
Charge for year
-
11,621
-
480
At 31 March 2023
-
27,403
475
2,177
**NET BOOK VALUE**
At 31 March 2023
231,407
30,703
1
382
At 31 March 2022
231,407
14,478
1
862
**7.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
31.3.23
£
Bank loans and overdrafts (see note 9)
9,900
Other creditors
620
10,520
**8.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
31.3.23
£
Bank loans (see note 9)
102,041
**9.**
**LOANS**
An analysis of the maturity of loans is given below:
31.3.23
£
Amounts falling due within one year on demand:
Bank overdrafts
-
Bank loans
9,900
9,900
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|Totals
£
264,702
27,846|Totals
£
264,702
27,846| |---|---|---| ||292,548|| ||17,954
12,101|| ||30,055|| ||262,493|| ||246,748|| ||31.3.22
£
12,200
580
12,780
31.3.22
£
106,965|| ||31.3.22
£
2,300
9,900
12,200
9,900
29,700|| |||12,200| |||9,900| |||29,700| continued... Page 11 Christ Image Assembly, Northampton |Notes to the Financial Statements-continued
for the Year Ended 31 March 2023
**9.**
**LOANS - continued**
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal
**10.**
**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 1.4.22
£
127,003
2,551
129,554
Incoming
resources
£
117,248
-
117,248
At 1.4.21
£
116,963
5,218
122,181|31.3.23
31.3.22
£
£
62,441
67,365
Net
movement
At
in funds
31.3.23
£
£
40,440
167,443
(1,900)
651
38,540
168,094
Resources
Movement
expended
in funds
£
£
(76,808)
40,440
(1,900)
(1,900)
(78,708)
38,540
Net
movement
At
in funds
31.3.22
£
£
10,040
127,003
(2,667)
2,551
7,373
129,554| |---|---|---| continued... Page 12 Christ Image Assembly, Northampton Notes to the Financial Statements - continued for the Year Ended 31 March 2023 ## **10. 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|65,469|(55,429)|10,040| |**Restricted funds**|||| |Restricted Fund|10,000|(12,667)|(2,667)| |**TOTAL FUNDS**|75,469|(68,096)|7,373| ## **11. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 March 2023. Page 13 Christ Image Assembly, Northampton Detailed Statement of Financial Activities for the Year Ended 31 March 2023 |Detailed Statement of Financial Activities
for the Year Ended 31 March 2023||| |---|---|---| ||31.3.23|31.3.22| ||£|£| |**INCOME AND ENDOWMENTS**||| |**Donations and legacies**||| |Donations|94,102|61,583| |Gift aid|23,105|-| |Job Retention Scheme Grants|-|3,886| ||117,207|65,469| |**Investment income**||| |Interest Income|41|-| |**Charitable activities**||| |Grants|-|10,000| |**Total incoming resources**|117,248|75,469| |**EXPENDITURE**||| |**Charitable activities**||| |Wages|25,020|29,363| |Honorarium|1,800|650| |Church event costs|11,231|14,340| |Missions and Evangelism|3,550|1,360| |Hospitality|2,921|1,109| |Sundries|950|301| |Repair to Property|4,438|4,641| |Mortgage|6,039|3,992| |Bank charges|-|252| ||55,949|56,008| |**Support costs**||| |**Management**||| |Insurance|1,073|-| |Telephone|798|623| |Rates and water|1,638|995| |Light and heat|4,744|726| |Travel costs|90|657| |Cleaning|1,200|-| ||9,543|3,001| |**Other**||| |Plant and machinery|11,621|7,565| |Fixtures and fittings|-|79| |Computer equipment|480|480| ||12,101|8,124| This page does not form part of the statutory financial statements Page 14 Christ Image Assembly, Northampton |Detailed Statement of Financial Activities||| |---|---|---| |for the Year Ended 31 March 2023||| ||31.3.23|31.3.22| ||£|£| |**Other**||| |**Governance costs**||| |Pensions|290|368| |Accountancy fees|825|595| ||1,115|963| |Total resources expended|78,708|68,096| |**Net income**|38,540|7,373| This page does not form part of the statutory financial statements Page 15