2021-04-30-accounts - One London Church

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ONE LONDON CHURCH

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2021

COMPANY NO: 09536066 CHARITY NO: 1164042

ONE LONDON CHURCH Report and Financial Statements for the Year Ended 30 April 2021

Contents	Page
Legal and Adminstrative Information	1
Report of the Trustees	2-5
Independent Examiners report	6
Statement of Financial Activities	7
Balance Sheet	8
Notes forming part of the financial statements	9-12

ONE LONDON CHURCH Report and Financial Statements for the Year Ended 30 April 2021 Legal and Administrative information Charity Name: One London Church Company Registration Number: 09536066 Charity Registration Number : 1164042 Registered Address: Weatherill Housew, Whitestone Way, Croydon, Surrey, CR0 4WF Trustees: Aderibigbe Ayodeji Adewuumi Mrs Bali Adeola Oladunni Okonjo Udokanma Mary Anne Accountants: TPC Consult (UK) Ltd 18 Peckover Close Peterborough PE2 8UQ Bankers: HSBC 122 Finchley Road Hampstead London NW3 5JD

Page 1

ONE LONDON CHURCH

Report and Financial Statements for the Year Ended 30 April 2021

Trustees' Report

The trustees, (who are also the directors of the Charity for the purpose of the Comapany Act), present their statutory report together with the financial statements of One London Church for the year ended 30 April 2021. The financial statement has been prepared in accordance with the accounting policies set out on pages 9 to 12. of the notes to the financial statements and comply with Accounting and Reporting by Charities. Statement of Recommended Practice applicable to charities preparing accounts in accordance with the Financial Reporting Standard applicable in the UK and republic of ireland (FRS 102) .

Structure Governace and Management

a. Constitution

The charitable company is constituted under a Memorandum of Association dated 08 Apr. 2015 as amended by certificate of incorporation on change of name dated 21/07/2015 and is a registered charity with charity number 1164042

b. Method of appointment of Trustees

The management of the charitable company is the responsibility of the board of trustees who are elected and co opted under the terms of the Articles of Association.

Aims and Purposes

One London church seeks to fulfil our purpose and calling as followers of Jesus Christ. Our main objective is to promote the gospel of our Lord Jesus Christ by providing a platform for the coming together of people from different cultures and backgrounds for personal and spiritual development. We provide both practical and spiritual support to all those who attend the church and reach out in a variety of ways to those in our local community.

Charitable Objectives and Activities

The charity's object is to advance the evangelical Christian Faith worldwide for the benefit of the public. This involves establishing churches and community centres. The charity also looks to support training and educational facilities as well as establishing mentoring programmes to equip people with values in line with Christian principles.

Development,Achievement and Activities

The Church continues to develop, Plan and implement its strategies to ensuere our work delivers our purpose. We review our aims, objectives and activities each year. This review looks at what we have done and the outcomes of our work in the previous 12 months. The review looks at the success of each key activity and the benefits they have brought to those groups of people we are set up to help. The review also helps us ensure our aim, objectives and activities remained focused on our stated purposes. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aim and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aime and objectives they have set.

One London Church during the year continued to follow its vision of to make followers of Jesus by:

a) Uniting in joyful worship as an act of praise and gratitude, for inspiration and guidance every Sunday b) Providing learning opportunities for the Christian way of life and to enhance Biblical literacy

c) Supporting one another through pastoral care and concern

d) Reaching out to people in need

e) Promoting justice

f) Praying for guidance, wisdom, and support in our community

Additionally, in this period under review:

We engaged the public every Sunday on the street for a music and coffee time to all passers by. This was well accepted by the public.
The Charity in pursuit of its oBjective also collaborateed with other charities and as part of that process supported a amajor Charity with finanacial donation in this period.
The current challenging enviroment lead to a lot of members of the charity needing some basic material support, these help were given within avaialble fund of the charity.

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ONE LONDON CHURCH Report and Financial Statements for the Year Ended 30 April 2021

Trustees' Report

Public Benefit Statement

All our activities are accessible and open to the general public. Ministering every week to the spiritual needs of the people through bible study, prayer meetings, counselling Our Church Services are presented with both the regular congregant and the visitor or seeker in mind. We minister to the physical, mental and spiritual needs of the members in our services giving specific consideration to the seekers or new comers in our midst who may not necessarily have a church background and as such may not understand the processes and procedures of Christianity.

Volunteers

Volunteers are at the heart of the Charity's activities and have consistenly supported One london Church. The trustees acknowledge and greatly appreciate their contribution without which the charity could not operate successfully.

Future Plans

The trustees will continue to review the activities and structure of the charity to ensure that it operate efficiantly and effectively.

Sunday service will continue to be at the core of our activities. The Trustees recorgnise the need to increase membership of the church.

Financial Review

A summary of the period's result can be found on page 7 of this report and the financial statements.

During the period under review, total income amounted to £67153 and total expenditure amounted to £52539 resulting in net Surplus and net movement in funds of £14.613.

Principal Funding Sources

The principal funding sources for the charity are currently by way of donations and gifts from congregants through the offering basket passed during Church services and through bank standing orders. The Charity also received grant which has provided additional fund to carry out some projects for the community.

Liquidity / Reserve Policy

It is the policy of the charity to maintain unrestricted funds which are the free reserves of the charity at the level which equates to approximatelyfour months unrestricted expenditure. This provides sufficient fund to cover management, administration, support cost and emergency expenditure that might arise from time to time. The unrestricted funds are maintained at this level as a result of significant reserves entrusted to the One london Church.

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ONE LONDON CHURCH Report and Financial Statements for the Year Ended 30 April 2021

Trustees' Report

Risk Management

the Trustees actively review the major risks which the charitable company is expose to on a regular basis and ensures that measures and policies are put in place to safequard the charity's funds and assets. The trustees also ensures that legal advice is sought when necessary on crucial issues concerning the charity and ministry.

The church liability insurance is reviewed on a regular basis. The cash handling procedures and other internal control measures are in place and reviewd to be adequate . Any potential hazards or issues are brought to the attention of the leadership team of the charity and these are dealt with immediately.

An upto date child protection policy to safeguard all children who attend our meetings is in place.

Members' Liability

The board of trustees of the charitable company by guarantee is to contrubute an amount not exceeding £1 to the assets of the charity in the event of winding up.

Recruitment and Appointment

The Spiritual leadership of the church appoints trustees.

Trustees Induction and training

Trustess meetings are used as avenues to train and highlight the responsibilities to the trustees and to keep them informed and up to date with changes in regulations and rules governing their roles.

Responsibilities of the Trustees

Charity law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable trust as at the balance sheet date and of its incoming resources and applications of resources, including income and expenditure, for the financial year. In preparing those financial statements the Trustees should follow best practice and :

Select suitable accounting policies and then apply them consistently;
Make judgements and estimates that are reasonable and prudent
Prepare the financial statements on the on going basis unless it is inappropriate to presume that the charity will continue on that basis.

The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enables them to ensure that the financial statements comply with Charities Act. The Trustees are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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ONE LONDON CHURCH

Report and Financial Statements for the Year Ended 30 April 2021

Trustees' Report

Members of the Board of Trustees

Members of the Board of Trustees, and trustees for the purpose of charity law, who served during the year and up to the date of this report are set out on page 1.

In accordance with charity law, as trustees, we certify that:

So far as we are aware, there is no relevant information of which the company's accountants are unaware; and as the trustees of the charity we have taken all steps that we ought to have taken in order to make ourselves aware of any relevant information and to establish that the Charity's accountants are aware of that information.

Declarations

The company has taken advantage of the small companies’ exemption in preparing the report above. The trustees declare that they have approved the trustees’ report (including directors’ report) above.

Signed on behalf of the charity’s trustees/directors

Mrs Bali Adeola Oladunni Trustee/Director 20th January 2022

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ONE LONDON CHURCH

Report and Financial Statements for the Year Ended 30 April 2021

Independent Examiner's Report to the Trustees of One London Church

I report on the accounts of the above Charity for the year ended 30 April 2021 set out on pages 7 to 12

Respective responsibilities of trustees and independent examiner

The Trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).

The charity’s trustees consider that an audit is not required for this year under Part 16 of the 2006 Act and that an independent examination is needed.

It is my responsibility to:

examine the accounts under section 145 of the Act
to follow the procedures laid down in the general Direction given by the Charity commission (under section 145(5)(b) of the Charites Act, and
to state whether particular matters have come to my attention.

Basis of independent examiner's statement

My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention which gives me reasonable cause to believe that in any material respect:

accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
the accounts do not accord with such records; or
the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 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; or
the accounts have not been prepared in accordance with the Charities SORP (FRS102).

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.

…………………………………………………….

Chioma John-Musa FFA FIPA TPC Consult (UK) Ltd 18 Peckover Close Peterborough PE2 8UQ

20th January 2022

Page 6

ONE LONDON CHURCH

Statement of Financial Activities for the Year Ended 30 April 2021

Notes Income Incoming and endowments from: Donations and legacies Charitables activities 2 Total Expenditure Expenditure on: Raising funds 3 Charitable activities 4 Other 5 Total Net Incoming resources before other Net income/(expenditure) Net income/(expenditure) before investment gains Net gains/(losses) on investments Net income/(expenditure) Other gains/(losses) Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward	2021 2021 2021 2020 Unrestricted Funds Restricted Funds Total Funds Total Funds 26,255 - 26,255 40,898 - 40,898 28,110
	67,153 - 67,153 28,110
	41,113 - 41,113 14,005 10,526 - 10,526 20,327 900 - 900 2,223
	52,539 - 52,539 36,555
	14,613 - 14,613 (8,445)
	14,613 - 14,613 (8,445) - - - - 14,613 - 14,613 (8,445) - - - -
	14,613 - 14,613 (8,445)
	1,203 - 1,203 9,648
	15,816 - 15,816 1,203

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ONE LONDON CHURCH

Balance Sheet as at 30 April 2021

Fixed Assets Notes Tangible Assets 9 Current Assets Cash at bank and in hand Debtors 10 Total Current Asset Creditors : Amount falling due within one ye 11 Net Current Assets/ (Liabilities) Creditors : Amount falling due after one year Net Assets Unrestricted Funds General funds 13 Total Funds	2021 2020 Unrestricted Funds Restricted Funds Total Fund Total fund 2134 - 2,134 2134 14432 - 14,432 549 -
	14432 14,432 549 (750) - (750) (1,480)
	13,682 - 13,682 (931) - - - -
	15,816 - 15,816 1,203
	15,816 - 15,816 1,203
	15,816 15,816 1,203

For the year ending 30 April 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors’ responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in questions in accordance with section 476,

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

The Financial Statements were approved by the board on 20th January 2022 and signed on its behalf by:

Mrs Bali Adeola Oladunni Director/ Trustee

Page 8

ONE LONDON CHURCH

Notes forming part of the financial statements for the Year Ended 30 April 2021

1. Accounting Policies

The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in the preceding year.

(a) Basis of Accounting

The financial statements have been prepared under the historical cost convention, with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with:

• with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014

and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102

(b) Fund Accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Unrestricted funds may include a revaluation reserve representingthe restatement of investment assets at market values where applicable. Designated funds are unrestricted funds earmarked by the Trustees for particular purposes. Restricted funds are subjected to restrictions on their expenditure imposed by the donors or through the terms of an appeal.

(c ) Incoming Resources

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receiveable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity , are recognised when the charity becomes unconditionally entitled to the grant. Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts.

(d) Resources expended

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates: Costs of generating funds comprise the costs associated with attracting voluntary income. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly.

(e) Fixed Assets

Fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life, which in all cases is estimated at 4 years.

2. Income Donations and legacies Charitable activities Expenditure 3. Raising funds Administration Support Costs Premises 4. Charitable activities Ministry	2021 2021 2021 2020 Unrestricted Restricted Total Total £ £ £ £ 26,255 - 26,255 40,898 - 40,898 28,110
	67,153 - 67,153 28,110
	2021 2021 2021 2020 Unrestricted Restricted Total Total £ £ £ £ 6,648 - 6,648 116 2,137 - 2,137 2,648 32,328 - 32,328 11,241
	41,113 - 41,113 14,005
	10,526 - 10,526 20,327
	10,526 - 10,526 20,327

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ONE LONDON CHURCH

Notes forming part of the financial statements for the Year Ended 30 Aprll 2021

5. Other

Professional fees Accounting fees Total 6. Net Income/(expenditure) for the Year This is stated after charging: Depreciation	- - 900 -	- 1,473 900 750
	900 -	900 2,223

	52,539 -	52,539 36,555
		2021 2020 £ £ 2,134 2,648
		2,134 2,648

7. Trustee Remuneration & Related Pay Transactions

No member of the Board of Directors/Trustees received any remuneration during the year.

8. Taxation

As a charity, One London Church is exempt from tax on income and gains falling within Section 505 of the Taxes Act 1988 or S256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have risen in the Charity.

Church Fixture & Equipment Fittings 12,669 - - -	Office Equipment £ - -	Total £ £ 12,669 -
12,669 -	-	12,669
10,535 - 2,134 - 12,669 - 2,134 -	- - - -	10,535 2,134
		12,669
		2,134
- -	-	-
	2021 £ - -	2020 £ - -
	-	-
	2021 £ - 750	2020 £ 730 750
	750	1,480

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ONE LONDON CHURCH

Notes forming part of the financial statements for the Year Ended 30 April 2021

12. Analysis of Net Assets Between Funds Tangible Fixed Assets Current Assets Current Liabilities Net Assets at 30 April 2021 13. Movements in Funds Restricted Funds: Total Restricted Funds Unrestricted Funds: General Funds Total Unrestricted Funds Total Funds	2021 2021 2021 2020 General Restricted Total Total Funds Funds Funds Funds £ £ £ £ 2,134 - 2,134 2,134 14,432 - 14,432 549 (750) - (750) (1,480)
	15,816 - 15,816 1,203
	At 1 May Incoming Outgoing At 30 April 2020 Resources Resources 2021 [Inc Gains] - - - -
	- - - -
	1,203 67,153 52,539 15,816
	1,203 67,153 52,539 15,816

	1,203 67,153 52,539 15,816

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ONE LONDON CHURCH

Detailed Statement of Financial Activities for the Year Ended 30 April 2021

2021 £ 67,153 52,539	2020 £ 26,855 1,255	2020 £ 28,110 £ 11,241 116 20,327 2,223 2,648
	11,161 - 80 -
	- - 36 - - - 80
	8,011 75 2,193 9,896 - 152
	1,473 750
	2,648 -
		36,555
14,613 1,203		(8,445)
		9,648
15,816		1,203

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