THE OVERCOMERS CHRISTIAN FELLOWSHIP INTERNATIONAL PLYMOUTH (A company limited by guarantee)
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2021
Charity Number: 1162595 Company Number: 08008590
Accountancy Aid
26 Cherry Orchard Road Bromley, Kent, BR2 8NE 020 8462 5832
THE OVERCOMERS CHRISTIAN FELLOWSHIP INTERNATIONAL PLYMOUTH
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st] DECEMBER 2021
| Contents | Pages |
|---|---|
| Legal and administrative information | |
| Report of the trustees | 1-5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes forming part of the financial statements | 8-10 |
| Report of the independent examiner | 11 |
THE OVERCOMERS CHRISTIAN FELLOWSHIP INTERNATIONAL PLYMOUTH
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees at 31[st] December 2021
The Trustees have served throughout the year
Rev Michael Ileladewa Rev Christianah Ileladewa Rev Sunny Oginni Deacon Michael Alade Deacon Sanya Osisanya
Charity office
17 Charlton Road Crownhill Plymouth PL6 5EG
Independent Examiner
Roger Storey FCMA 26 Cherry Orchard Road Bromley, Kent BR2 8NE
1
THE OVERCOMERS CHRISTIAN FELLOWSHIP INTERNATIONAL PLYMOUTH
REPORT OF THE TRUSTEES
The trustees are pleased to present their annual directors’ report together with the financial statements of the charity for the year ending 31[st] December 2021 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association and 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 (FRS102) (effective 1 January 2015).
TRUSTEES
Appointment of trustees is governed by the Trust Deed of the charity. The Board of Trustees is authorised to appoint new trustees to fill vacancies arising through resignation or death of an existing trustee. New trustees undergo an orientation day to brief them on: their legal obligations under charity and company law, the Charity Commission guidance on public benefit, and inform them of the content of the Memorandum and Articles of Association, the committee and decision-making processes, the business plan and recent financial performance of the charity. During the induction day they meet key employees and other trustees.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Overcomers Christian Fellowship is a company limited by guarantee and governed by its memorandum and articles of association dated 27[th] March 2012 as amended by special resolutions dated 29[th] March 2015 as amended on 12[th] July 2020. It is registered as a charity with the Charity Commission.
The charity has Committees, which meet periodically and which are responsible for the strategic direction and policy of the charity.
2
THE OVERCOMERS CHRISTIAN FELLOWSHIP INTERNATIONAL PLYMOUTH
REPORT OF THE TRUSTEES - continued
RISK REVIEW
The trustees conduct periodic reviews of the major risks to which the charity is exposed and systems and procedures to manage those risks identified are implemented so as to minimise any potential impact on the charity should any of those risks materialise.
RESERVES POLICY
The trustees consider the current level of reserves is sufficient to cover eventualities as they arise.
PUBLIC BENEFIT
The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or 'aims' that are for the public benefit. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
PRINCIPAL OBJECTIVES AND ACTIVITIES
The objects of the charity are set out in the constitution as follows:
To advance the Christian religion by preaching and teaching Christianity, spreading the gospel of Christ, teaching Christianity to children, reaching out to the poor and elderly of the community, counselling and providing assistance for those in need of counselling, and the advancement of education for Christian Ministry.
ACHIEVEMENTS AND PERFORMANCE
Glory, honour, power and majesty be unto our LORD Jesus Christ who is the LORD of lords and the King of kings for His provision and protection over every member of the Overcomers Christian Fellowship International, our loved ones, our community and our Nation - United Kingdom.
The year 2021 as declared by God as our “Year of Fulfilment of Our Divine Expectations” (Prov.23:18) did manifest physically upon our lives indeed. Covid-19 global pandemic still rages on; but the protective wings of the Almighty God overshadowed us throughout the year 2021.
3
THE OVERCOMERS CHRISTIAN FELLOWSHIP INTERNATIONAL PLYMOUTH
REPORT OF THE TRUSTEES – continued
The unrelentless zeal of the workers, volunteers and all members of this ministry despite the challenging year is well appreciated by the Pastorate on behalf of the Trustees of this great Church of the living God. Heaven will reward every one of you in Jesus name. Your participative but adaptive role in meeting our mandates as enshrined in our constitution and as exemplified by our LORD Jesus Christ in the Scripture well noted and immensely appreciated.
The year under review to the glory of the name of our Lord Jesus Christ witnessed our successful virtual and on-ground annual convention programmes. The Covid-19 vaccination enlightenment conference featuring presentation of the Director of Vaccination programme in Devon; and NHS Devon; actually broadened the knowledge of not only the Church members; but other community Church leaders , their congregational members; and the entire community especially of the BAME origins. The ripple effect was the increase in the uptake of Covid-19 vaccination in our community. The convention was capped up with the BBC spotlight interview with Pastor Mike Ileladewa on the 9[th] of March 2021.
The AGM, Women and Men’s conventions via our various online media outlets mixed with physical presence of members and visitors in the Church witnessed heavenly blessings upon the lives of members and the community as a whole. The Zoom app mode of worship also gave opportunity for global participation of members in diaspora and encouraged other people to participate in our worship services.
The Church did support the community members on isolation that were affected by Covid-19 pandemic in terms of shopping for essential groceries under the government’s Covid-19 rules and guidelines for them. Food bank activities were done to less privileged members in the community in the year under review. Church members also visited the homeless people on the streets offering them food packages, winter jackets and blankets.
Three children were born to three families of the Church members in the year 2021, and had their christening done by the Church. Member’s pre-marital and spiritual counselling on various issues of life affecting members done virtually with great benefits to the members, and the community at large.
The Student branch of the Church meeting at the Plymouth University Campus continues with their virtual meetings every Saturday for “Happy Hour”.
4
THE OVERCOMERS CHRISTIAN FELLOWSHIP INTERNATIONAL PLYMOUTH
REPORT OF THE TRUSTEES - continued
Annual donations of food items, cereals, toiletries and other essential items donated by members were given to “Shekinah Mission” in meeting our commitments in caring for the homeless people in our community; which was tremendously appreciated by “Shekinah Mission” especially during this challenging but unpredictable period.
The Pastorate attended the Leader’s Annual Conference organised by Churches Together in Plymouth (CTiP) online as part of our wider community participation with other faith members.
The yearly running of 40 days fasting and prayer period was observed by the members, especially with intensified prayers for our leaders at both local and national levels; and our nation United Kingdom in general.
The Annual Carol Night service was attended both virtual and physical presence by both members and the community members as well. The “Cross Over” Service was also a great success as well.
The year 2022 has been declared by God as our “Year of Reaping Great Harvests” (Lev.26:10). The awesome testimonies of members from early January in 2022 have been proving that the year 2022 is actually what God said it would be for us (REAPING GREAT HARVESTS) indeed!
5
THE OVERCOMERS CHRISTIAN FELLOWSHIP INTERNATIONAL PLYMOUTH
REPORT OF THE TRUSTEES - continued
FINANCIAL REVIEW
Total income in the year was £77,044 (2020 - £59,963) and expenditures £76,305 (2020 - £52,881) giving a surplus of £738 for the year (2020 surplus £7,083).
STATEMENT OF TRUSTEES’ RESPONSIBILITIES
The trustees (who are also directors of The Overcomers Christian Fellowship International Plymouth for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales (the Charities Act 2011) requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year.
In preparing those financial statements, the trustees are required to:
-
Select suitable accounting policies and then apply them consistently
-
Make judgements and estimates that are reasonable and prudent
-
State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements
-
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in the business.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable it to ensure that the financial statements comply with the Companies Act 2006.They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approval
This report was approved by the trustees on 26[th] February 2022
And signed on their behalf. Pastor Michael Ileladewa
Trustee
6
THE OVERCOMERS CHRISTIAN FELLOWSHIP INTERNATIONAL PLYMOUTH
YEAR ENDED 31[ST] DECEMBER 2021
| Notes INCOMING RESOURCES Tithes and offerings received Gift aid reclaimable Bank interest received Total incoming resources RESOURCES EXPENDED Church expenditure 2 Management and administration 2 Total resources expended Surplus for the year NET MOVEMENT IN FUNDS FOR THE YEAR Total funds bought forward – unrestricted Total funds carried forward - unrestricted |
2021 2020 £ £ 63,677 49,398 13,366 10,560 1 5 |
|---|---|
| 77,044 59,963 |
|
| 75,056 51,631 1,250 1,250 |
|
| 76,306 52,881 |
|
| 738 7,083 |
|
| 179,852 172,769 180,590 179,852 |
The notes form part of these financial statements
7
THE OVERCOMERS CHRISTIAN FELLOWSHIP INTERNATIONAL PLYMOUTH
BALANCE SHEET AT 31[ST] DECEMBER 2021
| Notes Fixed assets Land and property Fixtures and Fittings 3 Current assets Debtors Cash at bank and in hand Epworth investment Creditors: amounts falling due within one year 4 Net current assets Total assets less liabilities Funds Unrestricted funds bought forward Surplus for the year Unrestricted funds carried forward |
2021 2020 £ £ £ £ 152,871 152,871 0 0 152,871 152,871 13,366 10,561 12,603 14,670 3,000 3,000 |
2021 2020 £ £ £ £ 152,871 152,871 0 0 152,871 152,871 13,366 10,561 12,603 14,670 3,000 3,000 |
2021 2020 £ £ £ £ 152,871 152,871 0 0 152,871 152,871 13,366 10,561 12,603 14,670 3,000 3,000 |
|---|---|---|---|
| 152,871 10,561 14,670 3,000 |
|||
| 28,969 1,250 27,719 180,590 179,852 738 180,590 |
28,231 1,250 26,981 |
||
| 179,852 | |||
| 172,769 7,083 179,852 |
For the period ended 31[st] December 2021 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with the respect of accounting records and the preparations of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
The notes to the accounts form part of these financial statements
These financial statements were approved by the Trustees on 26[th] February 2022 and are signed on their behalf by:
Pastor Michael Ileladewa
__________ Trustee
8
THE OVERCOMERS CHRISTIAN FELLOWSHIP INTERNATIONAL PLYMOUTH
NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31[ST] DECEMBER 2021
1 Accounting policies
Basis of preparation of 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 2015)', 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.
Recognition of Incoming Resources
Income from donations is included in incoming resources when these are receivable, except as follows:
-
I. When donors specify they must be used in future accounting periods, the income is deferred until those periods;
-
II. When donors impose conditions to be fulfilled before the church becomes entitled to use such income, the income is deferred until the pre-conditions have been met.
Resources expended
Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered.
Tangible assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided so as to write off the cost of an asset, less any estimated residual value, over the useful life of that asset as follows: Music equipment 20% straight line method; Buildings 0%
Unrestricted funds
Unrestricted funds can be used in accordance with the charitable objects at the discretion of the Trustees
Restricted funds are for future expenditure on a building suitable for the activities of the church.
9
THE OVERCOMERS CHRISTIAN FELLOWSHIP INTERNATIONAL PLYMOUTH
NOTES TO THE FINANCIAL STATEMENTS – continued
| 2 Charitable expenditure Pastor’s stipend Insurance Salaries HMRC JRS Grant Repairs and Renewals Donations, subscriptions and gifts Telephone Printing post and stationery Van expenses Website and computer costs Professional fees Travel Bank charges Other direct charitable expenses Pension payments Accountancy fees Independent examiner’s fees |
2021 2020 £ £ 15,000 12,900 754 1,109 48,263 35,272 -24,626 -22,206 7,537 5,278 3,768 6,061 316 1,085 156 970 519 2,358 4,931 2,389 543 550 883 138 17 11 15,125 3,905 1,245 1,282 1,575 1,479 300 300 |
|---|---|
| 76,306 52,881 |
10
THE OVERCOMERS CHRISTIAN FELLOWSHIP INTERNATIONAL PLYMOUTH
NOTES TO THE FINANCIAL STATEMENTS – continued
3 Tangible fixed assets
| COST At 1stJanuary 2021 Additions At 31stDecember 2021 DEPRECIATION At 1stJanuary 2021 Charge for year At 31stDecember 2021 NET BOOK VALUE At 31stDecember 2021 At 31stDecember 2020 |
Fixtures, fittings etc. Building Total £ £ £ 12,751 152,871 165,622 0 0 0 |
|---|---|
| 12,751 152,871 165,622 |
|
| 12,751 0 12,751 0 0 0 |
|
| 12,751 0 12,751 |
|
| 0 152,871 152,871 |
|
| 0 152,871 152,871 |
4 Creditors : amounts falling due within one year
| Sundry creditor | 2021 2020 £ £ 1,250 2,279 |
|---|---|
| 1,250 2,279 |
5 Average number of persons employed by the company during the year was 3 (2020: 3)
11
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE OVERCOMERS CHRISTIAN FELLOWSHIP INTERNATIONAL PLYMOUTH
I report to the trustees on my examination of the accounts of the charity (charity number 1162595) for the year ended 31st December 2021.
RESPONSIBILITIES AND BASIS OF REPORT
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31[st ] December 2021.
As the charity's trustees, 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 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
BASIS OF THE 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 which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did 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.
Roger Storey
Roger P B Storey – Chartered Management Accountant 26 Cherry Orchard Road, Bromley, Kent, BR2 8NE
Date: 26[th] February 2022
THE OVERCOMERS CHRISTIAN FELLOWSHIP INTERNATIONAL PLYMOUTH (A company limited by guarantee)
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2021
Charity Number: 1162595 Company Number: 08008590
Accountancy Aid
26 Cherry Orchard Road Bromley, Kent, BR2 8NE 020 8462 5832
THE OVERCOMERS CHRISTIAN FELLOWSHIP INTERNATIONAL PLYMOUTH
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st] DECEMBER 2021
| Contents | Pages |
|---|---|
| Legal and administrative information | |
| Report of the trustees | 1-5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes forming part of the financial statements | 8-10 |
| Report of the independent examiner | 11 |
THE OVERCOMERS CHRISTIAN FELLOWSHIP INTERNATIONAL PLYMOUTH
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees at 31[st] December 2021
The Trustees have served throughout the year
Rev Michael Ileladewa Rev Christianah Ileladewa Rev Sunny Oginni Deacon Michael Alade Deacon Sanya Osisanya
Charity office
17 Charlton Road Crownhill Plymouth PL6 5EG
Independent Examiner
Roger Storey FCMA 26 Cherry Orchard Road Bromley, Kent BR2 8NE
1
THE OVERCOMERS CHRISTIAN FELLOWSHIP INTERNATIONAL PLYMOUTH
REPORT OF THE TRUSTEES
The trustees are pleased to present their annual directors’ report together with the financial statements of the charity for the year ending 31[st] December 2021 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association and 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 (FRS102) (effective 1 January 2015).
TRUSTEES
Appointment of trustees is governed by the Trust Deed of the charity. The Board of Trustees is authorised to appoint new trustees to fill vacancies arising through resignation or death of an existing trustee. New trustees undergo an orientation day to brief them on: their legal obligations under charity and company law, the Charity Commission guidance on public benefit, and inform them of the content of the Memorandum and Articles of Association, the committee and decision-making processes, the business plan and recent financial performance of the charity. During the induction day they meet key employees and other trustees.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Overcomers Christian Fellowship is a company limited by guarantee and governed by its memorandum and articles of association dated 27[th] March 2012 as amended by special resolutions dated 29[th] March 2015 as amended on 12[th] July 2020. It is registered as a charity with the Charity Commission.
The charity has Committees, which meet periodically and which are responsible for the strategic direction and policy of the charity.
2
THE OVERCOMERS CHRISTIAN FELLOWSHIP INTERNATIONAL PLYMOUTH
REPORT OF THE TRUSTEES - continued
RISK REVIEW
The trustees conduct periodic reviews of the major risks to which the charity is exposed and systems and procedures to manage those risks identified are implemented so as to minimise any potential impact on the charity should any of those risks materialise.
RESERVES POLICY
The trustees consider the current level of reserves is sufficient to cover eventualities as they arise.
PUBLIC BENEFIT
The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or 'aims' that are for the public benefit. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
PRINCIPAL OBJECTIVES AND ACTIVITIES
The objects of the charity are set out in the constitution as follows:
To advance the Christian religion by preaching and teaching Christianity, spreading the gospel of Christ, teaching Christianity to children, reaching out to the poor and elderly of the community, counselling and providing assistance for those in need of counselling, and the advancement of education for Christian Ministry.
ACHIEVEMENTS AND PERFORMANCE
Glory, honour, power and majesty be unto our LORD Jesus Christ who is the LORD of lords and the King of kings for His provision and protection over every member of the Overcomers Christian Fellowship International, our loved ones, our community and our Nation - United Kingdom.
The year 2021 as declared by God as our “Year of Fulfilment of Our Divine Expectations” (Prov.23:18) did manifest physically upon our lives indeed. Covid-19 global pandemic still rages on; but the protective wings of the Almighty God overshadowed us throughout the year 2021.
3
THE OVERCOMERS CHRISTIAN FELLOWSHIP INTERNATIONAL PLYMOUTH
REPORT OF THE TRUSTEES – continued
The unrelentless zeal of the workers, volunteers and all members of this ministry despite the challenging year is well appreciated by the Pastorate on behalf of the Trustees of this great Church of the living God. Heaven will reward every one of you in Jesus name. Your participative but adaptive role in meeting our mandates as enshrined in our constitution and as exemplified by our LORD Jesus Christ in the Scripture well noted and immensely appreciated.
The year under review to the glory of the name of our Lord Jesus Christ witnessed our successful virtual and on-ground annual convention programmes. The Covid-19 vaccination enlightenment conference featuring presentation of the Director of Vaccination programme in Devon; and NHS Devon; actually broadened the knowledge of not only the Church members; but other community Church leaders , their congregational members; and the entire community especially of the BAME origins. The ripple effect was the increase in the uptake of Covid-19 vaccination in our community. The convention was capped up with the BBC spotlight interview with Pastor Mike Ileladewa on the 9[th] of March 2021.
The AGM, Women and Men’s conventions via our various online media outlets mixed with physical presence of members and visitors in the Church witnessed heavenly blessings upon the lives of members and the community as a whole. The Zoom app mode of worship also gave opportunity for global participation of members in diaspora and encouraged other people to participate in our worship services.
The Church did support the community members on isolation that were affected by Covid-19 pandemic in terms of shopping for essential groceries under the government’s Covid-19 rules and guidelines for them. Food bank activities were done to less privileged members in the community in the year under review. Church members also visited the homeless people on the streets offering them food packages, winter jackets and blankets.
Three children were born to three families of the Church members in the year 2021, and had their christening done by the Church. Member’s pre-marital and spiritual counselling on various issues of life affecting members done virtually with great benefits to the members, and the community at large.
The Student branch of the Church meeting at the Plymouth University Campus continues with their virtual meetings every Saturday for “Happy Hour”.
4
THE OVERCOMERS CHRISTIAN FELLOWSHIP INTERNATIONAL PLYMOUTH
REPORT OF THE TRUSTEES - continued
Annual donations of food items, cereals, toiletries and other essential items donated by members were given to “Shekinah Mission” in meeting our commitments in caring for the homeless people in our community; which was tremendously appreciated by “Shekinah Mission” especially during this challenging but unpredictable period.
The Pastorate attended the Leader’s Annual Conference organised by Churches Together in Plymouth (CTiP) online as part of our wider community participation with other faith members.
The yearly running of 40 days fasting and prayer period was observed by the members, especially with intensified prayers for our leaders at both local and national levels; and our nation United Kingdom in general.
The Annual Carol Night service was attended both virtual and physical presence by both members and the community members as well. The “Cross Over” Service was also a great success as well.
The year 2022 has been declared by God as our “Year of Reaping Great Harvests” (Lev.26:10). The awesome testimonies of members from early January in 2022 have been proving that the year 2022 is actually what God said it would be for us (REAPING GREAT HARVESTS) indeed!
5
THE OVERCOMERS CHRISTIAN FELLOWSHIP INTERNATIONAL PLYMOUTH
REPORT OF THE TRUSTEES - continued
FINANCIAL REVIEW
Total income in the year was £77,044 (2020 - £59,963) and expenditures £76,305 (2020 - £52,881) giving a surplus of £738 for the year (2020 surplus £7,083).
STATEMENT OF TRUSTEES’ RESPONSIBILITIES
The trustees (who are also directors of The Overcomers Christian Fellowship International Plymouth for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales (the Charities Act 2011) requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year.
In preparing those financial statements, the trustees are required to:
-
Select suitable accounting policies and then apply them consistently
-
Make judgements and estimates that are reasonable and prudent
-
State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements
-
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in the business.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable it to ensure that the financial statements comply with the Companies Act 2006.They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approval
This report was approved by the trustees on 26[th] February 2022
And signed on their behalf. Pastor Michael Ileladewa
Trustee
6
THE OVERCOMERS CHRISTIAN FELLOWSHIP INTERNATIONAL PLYMOUTH
YEAR ENDED 31[ST] DECEMBER 2021
| Notes INCOMING RESOURCES Tithes and offerings received Gift aid reclaimable Bank interest received Total incoming resources RESOURCES EXPENDED Church expenditure 2 Management and administration 2 Total resources expended Surplus for the year NET MOVEMENT IN FUNDS FOR THE YEAR Total funds bought forward – unrestricted Total funds carried forward - unrestricted |
2021 2020 £ £ 63,677 49,398 13,366 10,560 1 5 |
|---|---|
| 77,044 59,963 |
|
| 75,056 51,631 1,250 1,250 |
|
| 76,306 52,881 |
|
| 738 7,083 |
|
| 179,852 172,769 180,590 179,852 |
The notes form part of these financial statements
7
THE OVERCOMERS CHRISTIAN FELLOWSHIP INTERNATIONAL PLYMOUTH
BALANCE SHEET AT 31[ST] DECEMBER 2021
| Notes Fixed assets Land and property Fixtures and Fittings 3 Current assets Debtors Cash at bank and in hand Epworth investment Creditors: amounts falling due within one year 4 Net current assets Total assets less liabilities Funds Unrestricted funds bought forward Surplus for the year Unrestricted funds carried forward |
2021 2020 £ £ £ £ 152,871 152,871 0 0 152,871 152,871 13,366 10,561 12,603 14,670 3,000 3,000 |
2021 2020 £ £ £ £ 152,871 152,871 0 0 152,871 152,871 13,366 10,561 12,603 14,670 3,000 3,000 |
2021 2020 £ £ £ £ 152,871 152,871 0 0 152,871 152,871 13,366 10,561 12,603 14,670 3,000 3,000 |
|---|---|---|---|
| 152,871 10,561 14,670 3,000 |
|||
| 28,969 1,250 27,719 180,590 179,852 738 180,590 |
28,231 1,250 26,981 |
||
| 179,852 | |||
| 172,769 7,083 179,852 |
For the period ended 31[st] December 2021 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with the respect of accounting records and the preparations of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
The notes to the accounts form part of these financial statements
These financial statements were approved by the Trustees on 26[th] February 2022 and are signed on their behalf by:
Pastor Michael Ileladewa
__________ Trustee
8
THE OVERCOMERS CHRISTIAN FELLOWSHIP INTERNATIONAL PLYMOUTH
NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31[ST] DECEMBER 2021
1 Accounting policies
Basis of preparation of 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 2015)', 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.
Recognition of Incoming Resources
Income from donations is included in incoming resources when these are receivable, except as follows:
-
I. When donors specify they must be used in future accounting periods, the income is deferred until those periods;
-
II. When donors impose conditions to be fulfilled before the church becomes entitled to use such income, the income is deferred until the pre-conditions have been met.
Resources expended
Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered.
Tangible assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided so as to write off the cost of an asset, less any estimated residual value, over the useful life of that asset as follows: Music equipment 20% straight line method; Buildings 0%
Unrestricted funds
Unrestricted funds can be used in accordance with the charitable objects at the discretion of the Trustees
Restricted funds are for future expenditure on a building suitable for the activities of the church.
9
THE OVERCOMERS CHRISTIAN FELLOWSHIP INTERNATIONAL PLYMOUTH
NOTES TO THE FINANCIAL STATEMENTS – continued
| 2 Charitable expenditure Pastor’s stipend Insurance Salaries HMRC JRS Grant Repairs and Renewals Donations, subscriptions and gifts Telephone Printing post and stationery Van expenses Website and computer costs Professional fees Travel Bank charges Other direct charitable expenses Pension payments Accountancy fees Independent examiner’s fees |
2021 2020 £ £ 15,000 12,900 754 1,109 48,263 35,272 -24,626 -22,206 7,537 5,278 3,768 6,061 316 1,085 156 970 519 2,358 4,931 2,389 543 550 883 138 17 11 15,125 3,905 1,245 1,282 1,575 1,479 300 300 |
|---|---|
| 76,306 52,881 |
10
THE OVERCOMERS CHRISTIAN FELLOWSHIP INTERNATIONAL PLYMOUTH
NOTES TO THE FINANCIAL STATEMENTS – continued
3 Tangible fixed assets
| COST At 1stJanuary 2021 Additions At 31stDecember 2021 DEPRECIATION At 1stJanuary 2021 Charge for year At 31stDecember 2021 NET BOOK VALUE At 31stDecember 2021 At 31stDecember 2020 |
Fixtures, fittings etc. Building Total £ £ £ 12,751 152,871 165,622 0 0 0 |
|---|---|
| 12,751 152,871 165,622 |
|
| 12,751 0 12,751 0 0 0 |
|
| 12,751 0 12,751 |
|
| 0 152,871 152,871 |
|
| 0 152,871 152,871 |
4 Creditors : amounts falling due within one year
| Sundry creditor | 2021 2020 £ £ 1,250 2,279 |
|---|---|
| 1,250 2,279 |
5 Average number of persons employed by the company during the year was 3 (2020: 3)
11
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE OVERCOMERS CHRISTIAN FELLOWSHIP INTERNATIONAL PLYMOUTH
I report to the trustees on my examination of the accounts of the charity (charity number 1162595) for the year ended 31st December 2021.
RESPONSIBILITIES AND BASIS OF REPORT
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31[st ] December 2021.
As the charity's trustees, 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 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
BASIS OF THE 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 which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did 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.
Roger Storey
Roger P B Storey – Chartered Management Accountant 26 Cherry Orchard Road, Bromley, Kent, BR2 8NE
Date: 26[th] February 2022