Annual Report and Financial Statement as at 30 Sept.2020 Christ Chapel international Churches Charity Number 1163756
CHRIST CHAPEL INTERNATIONAL CHURCHES
30 SEPTEMBER 2020
Charity No: 1163756
Trustees: Rev. Mrs. Victoria Joda Pastor Mike Olorogun Pastor Susan Nwanze Pastor Christine Joda Tokunbo Coker
Registered Address: 6 Cotswold Gardens Ilford, London IG2 7DW
Bankers National Westminster Bank PLC Ilford Branch, 50 Ilford Hill Essex, IG1 2AT
CHRIST CHAPEL INTERNATIONAL CHURCHES 30 SEPTEMBER 2020
The Trustees present their Report and the Accounts for the year ended 30 September 2020
The named trustees have served throughout the year. Appointment and retirement of trustees are governed by the Constitution of the Charity. The Trustees are also referred to as Management Committee members within the Constitution.
Structure, Governance and Management
The Trustees are responsible for ensuring that the Charity operates within its charitable objectives as stated in the Constitution. Furthermore, policies and procedures are put in place for implementation at appropriate levels.
Objectives and Policies
The Charity's main objects are:
a) The advancement of the Christian Faith
b) The relief of sickness and preservation and protection of physical and mental health.
c) The advancement of Education Development.
Activities and Achievements
The Trustees are aware of their roles and they consider that the performance of the charity this year has been quite satisfactory and in accordance with the vision and mission of the Charity. A detailed account is attached.
Financial Review & Risk Management
The Trustees are well aware of their responsibilities in setting out a reserve policy, identifying the risks that the charity could be subjected to, ensuring that the charity is able to meet its contractual and statutory commitments. Controls have been established to manage those risks.
Statement of Trustees Responsibilities
The Trustees are required under the Charities Act 2011 to prepare a financial statement for each financial year which gives a true and fair view of the affairs of the Charity. In addition the Trustees should follow the principle of best practice and to adopt suitable accounting policies and apply them consistently when making judgements and estimates that are not unreasonable and prudent. Also to state whether applicable accounting standards have been followed subject to any material departures which ought to be disclosed and explained in the financial statements.
To prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping the proper records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with applicable law and regulations.
They are responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report is approved by the Trustees and signed on their behalf
Report of the Independent Examiner to the members of Christ Chapel International Churches
Re: FINAL ACCOUNTS FOR THE YEAR TO 30 SEPTEMBER 2020
I have examined the accounts of Christ Chapel International Churches for the year to 30 September 2020. It is my responsibility to examine the accounts without performing an audit and to report to the Management Committee. I have carried out the examination which includes a review of the accounting records kept by the charity's management committee
Respective responsibilities of the Management Committee Members
The Management Committee members are responsible for the preparation of the accounts. They are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the regulations under section 43 (7) (b) of the charities Act 2011.
They are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for preventing and detecting errors fraud or other irregularities
Independent Examiner's Statement
Based on my examination, no matter has come to my attention which gives me reasonable cause to believe that, in any material respect, the requirements to ensure that
(1) Proper accounting records in accordance with section 130 of the charities Act 2011 and
(2) Accounts which agree with the accounting records and comply with accounting requirements have not been met.
(3) Or to which in my opinion attention should be drawn in order to enable a proper understanding of the accounts to be reached
Michael Ajibade
Chartered Accountant
| CHRIST CHAPEL INTERNATIONAL CHURCHES, LONDON STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2020 2020 INCOMING RECEIPTS £ Gift Aid 0 Offerings and Tithes 126,774 Charitable Giving 3,615 Sales of CD’S 0 CAF 0 130,389 EXPENSES INCURRED Rent 7,772 Pastoral Allowances 36,000 Other Allowances 0 Utilities and Telephone 323 Seminars/Conferences/Camp Meeting 6,922 Consultancy & Professional Fees 6,000 Church Expenses 7,549 Consumables 1,689 Benevolence and Donations 2,870 Youth and Community Outreach 0 Printing/Stationery/Postages 43 Subscriptions 1,032 Publicity Costs 535 Insurance 0 Honorarium 1,100 Hospitality 210 Depreciation 1,095 Bank Charges 760 TOTAL EXPENSES INCURRED 73,900 NET INCOMING RESOURCES 56,489 BALANCE BROUGHT FORWARD 36,635 Less: Provision to Savings Account (70,600) TOTAL FUNDS CARRIED FORWARD 22,524 |
|
|---|---|
| CHRIST CHAPEL INTERNATIONAL CHURCHES, LONDON | CHRIST CHAPEL INTERNATIONAL CHURCHES, LONDON | |
|---|---|---|
| BALANCE SHEET AS AT 30 SEPTEMBER 2020 | ||
| 2020 | 2019 | |
| Tangible Assets | 4,381 | 5,476 |
| CURRENT ASSETS | ||
| Bank and Cash Balances |
274,398 |
214,609 |
| Less: Creditors: Amt. falling due within one year | ||
| (2,455) | ( 250) | |
| TOTAL ASSETS |
276,324 | 219,835 |
| REPRESENTED BY: | ||
| Savings Account |
253,800 | 183,200 |
| Unrestricted Fund Balances |
22,524 | 36,635 |
| 276,324 | 219,835 |
These Financial Statements together with the notes to the accounts are approved by the Board of Trustees and signed on their behalf on 26th day of July 2021
Name of Trustee: Rev. (Mrs.) Victoria Joda Signed……………………………………………….. Name of Trustee: Pastor Mike Olorogun Signed………………………………………………..
Christ Chapel International Churches
Notes to the Accounts for the year ended 30 September 2020
(I) Accounting Policies
(a) These Financial statements have been prepared under the historical cost conventions in accordance with applicable accounting standards and in compliance with statements of recommended accounting practice.
(b) Incoming Resources are the amounts derived from the charitable activities of the charity
(2) Incoming Resources
All incoming resources are included in the Statement of Financial Activities when the Charity is entitled to them. These are Tithes, Offerings and donations.
(3) Tangible Fixed Assets
Tangible Fixed Assets are for use by the charity in meeting its charitable objectives and are capitalized when each value exceeds Four hundred pounds only. (£400)
Depreciation is charged at the following rates:
Fixtures & Fittings & Equipment 20% reducing balance method
The net book value now stands at Fixtures, Fittings & Equipment – £4,381 4) Creditors falling due within 1 year
Professional Fees & Accruals - £2,455
(5) Trustees and related party transactions
There were no related party transactions during the stated period
(6) Revenue Reserve Policy
It is the policy of the Charity to maintain a level of revenue / unrestricted funds to ensure that it is in a position to cover any shortfall in income for its planned programmes and activities.