# **Annual Report and Financial Statement as at 30 Sept.2022 Christ Chapel international Churches Charity Number 1163756** ## **CHRIST CHAPEL INTERNATIONAL CHURCHES** ## **30 SEPTEMBER 2022** **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 2022** The Trustees present their Report and the Accounts for the year ended 30 September 2022 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 2022** I have examined the accounts of Christ Chapel International Churches for the year to 30 September 2022. 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 2022** |**INCOMING RECEIPTS**
Gift Aid
Offerings and Tithes
Charitable Giving
Sales of CD’S
CAF
**EXPENSES INCURRED**
Rent
Pastoral Allowances
Other Allowances
Utilities and Telephone
Seminars/Conferences/Camp Meeting
Consultancy & Professional Fees
Church Expenses
Consumables
Benevolence and Donations
Youth and Community Outreach

Printing/Stationery/Postages

Subscriptions
Publicity Costs
Insurance
Honorar3ium

Hospitality
Depreciation
Bank Charges
**TOTAL EXPENSES INCURRED**
**NET INCOMING RESOURCES**
**BALANCE BROUGHT FORWARD**
**Less: Provision to Savings Account**
**TOTAL FUNDS CARRIED FORWARD**|


| |---|---| ## **CHRIST CHAPEL INTERNATIONAL CHURCHES, LONDON** |**BALANCE SHEET AS AT 30 SEPTEMBER 2022**
**Tangible Assets**
**CURRENT ASSETS**
**Ba**nk and Cash Balances
Less: Creditors: Amt. falling due within one year
**TOTAL ASSETS**
**REPRESENTED BY:**
Savings Account
Unrestricted Fund Balances|**2022**
2,941
426,901
( 2,250)
**427,592**
411,800
15,792
**427,592**|**2021**
3,676
352,652
(1,750)
**354,578**
340,400
14,178
**354,578**| |---|---|---| These Financial Statements together with the notes to the accounts are approved by the Board of Trustees and signed on their behalf on 7th day of July 2023 |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 2022** ## **(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 – £2,941 **4) Creditors falling due within 1 year** Professional Fees & Accruals - £2,250 ## **(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.