CHURCH FOR ALL NATIONS INTERNATIONAL
Financial Statements for the year ended 30 April 2021
| Contents | Page |
|---|---|
| Trustees and professional advisors | 2 |
| Trustees Report | 3 |
| Independent Examiner Report | 5 |
| Statement of Financial Activity | 6 |
| Statement of Financial Position | 7 |
| Notes to the Financial Statements | 8- 10 |
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Registered Charity Number: 1164737
Trustees and Professional Advisors
Principal Office:
74 Briarfield Leicester LE5 1RG Midlands
Trustees:
Pastor Mark Anthony Pasimupindu Mrs Rosemary Pasimupindu Mrs Denise Kundai Kwatali Mapfumo Mrs Ropafadzo Mapfumo Mrs Praise Chakala
Bankers:
Lloyds Bank Plc
Independent Examiners:
Bilberry Accountants Limited Chartered Accountants Kingsgate, 62 High Street RH1 1SG Redhill
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Report of the Trustees for the year ended 30 April 2021
The Trustees present their annual report for the year ending 30 April 2021 under the Charities Act 2011, together with the annual accounts for the year and confirm that the latter comply with the requirements of the Charities Act, the Trust Deed and the charities SORP 2005.
Structure, Governance and Management
Governing documents
The Charity was established by a Trust deed 7 December 2015
Governing bodies
The Trustees are responsible for:
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Appointing the members of the administrative committee
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Policies and procedures for induction and training of Trustees
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Organisational structure
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General control, management and administration of the charity
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Ensuring charity is solvent, well-run and delivers charitable outcomes for benefit of public.
Organisational Management
The Board of Trustees delegate to any one or more of the Trustees the transaction of any business or performance of any act required to be transacted or performed in the execution of the trust of the Charity and which is within the professional or business competence of such Trustee or Trustees.
The Board of Trustees exercise reasonable supervision over any Trustee or Trustees acting on their behalf under this provision and ensure that all their acts and proceedings are fully and promptly reported to them.
Objects, Aims, Objectives and Activities
Charitable objects
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The advancement of the Christian religion according to the Holy Scriptures as contained in the Confession of Faith set out in the schedule hereto in the United Kingdom, and to such parts of the world, as the Trustees may from time to time determine.
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The relief of sickness and the promotion and preservation of good health by the provision of funds, goods, items or services and counselling support and prayers in the United Kingdom, or other parts of the World, as the Trustees may from time to time determine.
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The furtherance of such other purposes as are exclusively charitable under the laws of England and Wales as the Trustees from time to time determine.
Risk Management
Trustees have and will continue to have the responsibility of measuring, tasking and taking action to control such risk in accordance with the Charity constitution and policies and procedures. Detailed consideration of risk is delegated to any one or more of the Trustees.
Risks are identified, assessed and controlled, established throughout the year informally. An informal review of the charities risk management process is undertaken on an annual basis.
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Trustees continue to improve and ensure that the system of internal controls is adequate and cost effective. Through the risk management process established for the church the trustees are satisfied that the major risks have been adequately mitigated where necessary.
It is recognised that systems can only provide reasonable but not absolute assurance that major risks have been adequately managed in the past year.
Achievements and Performance
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The Charity raised funds through fundraising to purchase a place of worship. More fundraising is currently underway for the same purpose. A fundraising committee is spearheading this project and works alongside Management Board
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Members have supported the bereaved, the sick, the hungry and those celebrating different achievements.
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The charity has a functional food bank system which benefits those in need.
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A strong youth group has been established, helping young people with direction, counsel, advice, teachings and any help they require to become upstanding and responsible citizens
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The charity has established a group, STARS, to connect and help children under 12, meets with them online weekly and helping them to decompress during these unprecedented times
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The Charity has also taken over another congregation in the city of Leicester that was on the verge of collapse; has integrated well with the congregants and has revived the congregation
Principal activities during the year
The charity runs regular bible study and Sunday service programmes. Prayer Services and bible study are also conducted every Friday evening.
Members from within the church help with Charity activities during the year and trustees would like to take this opportunity to express heartfelt thanks for their invaluable support, donations and any contributions they made to the Charity.
Future Plans:
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The charity is praying for and has a desire to have a suitable own place of worship at the convenient time. The trustees continue to work with management board and all stakeholders to raise enough funds for the place of worship.
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To continue conducting pastoral work including visiting the sick and the bereaved
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Teaching Christianity through sermons, bible study and home groups
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Teaching the youth Christian ethos and equipping them with the Word of God
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Promoting the whole mission of the church through activities for the elderly, youth, parents and children’s ministry and other special needs groups
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Supporting other charities in the UK and overseas
The Management continues to work on a Strategic planning document which will define organization’s strategy or direction. Trustees will work hand in hand with church board to ensure fund raising, planning and acquiring a place is achieved with minimum risks-identified and addressed promptly.
All objects and purposes remain exclusively charitable under the laws of The Charities Commission in England and Wales in line with our confession faith and our constitution.
Approved by the Trustees on: 29[th] April 2022
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Independent Examiner's Report
The Management and Board of Trustees of Church For All Nations International (CFAN) who are registered as a charity, appointed us to independently examine their trustees' report, financial reports and the accompanying notes.
Responsibilities of Management and Board of Trustees
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To safeguard the charity's assets and in particular to ensure that the financial reports are free from material misstatements due to fraud.
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To keep adequate financial records and to ensure that the published reports are based on these records.
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To ensure that the published reports are true and fair.
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Consider their charity to qualify for an independent examination in terms of Part 8 and sections 145 and 152 of the Charities Act of 2011.
Our Responsibility
To carry out procedures such as analytical reviews, comparing the published reports to the financial records kept by the charity and enquiring from those tasked with the governance of the charity any matters that needs clarity.
We also considered the disclosures of material facts in the financial reports and the going concern of the charity.
The nature and extent of our examination did not provide appropriate and adequate audit evidence and therefore no audit opinion is provided in this report.
Independent Examiner's statement
In the course of my examination, there was not enough information available to me to properly carry out thorough review procedures of accounting records, although no matter came to my attention which give me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 130 of the 2011 Act and Regulations of the 2008 Accounts Regulations
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the preparation of accounts which accord with the accounting records and comply with Regulations of the 2008 Accounts Regulations have not been met, or
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to which in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached.
Macjones Hunduza, ACA
For and on Behalf of Bilberry Accountants Ltd Chartered Accountants
16[th] May 2022
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Statement of Financial Activity
For the year ended 30 April 2021
| Note Incoming Resources Voluntary income 2 Other income Total Income Resources Charitable Expenditure Ministry costs 3 Church running Church governance 4 Support costs 5 Total Resources Expended Net movement in Funds Fund balance brought forward Fund balance carried forward |
30 April 30 April 2021 2020 £ £ 49,123 49,437 9,825 15,123 |
|---|---|
| 58,948 64,560 |
|
| 27,343 30,874 17,495 19,818 940 940 2,522 2,714 |
|
| 48,300 54,346 |
|
| 10,648 10,214 |
|
| 24,743 14,529 |
|
| 35,391 24,743 |
.
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Statement of Financial Position As at 30 April 2021
| Note Fixed Assets Tangible assets 6 Current Assets Cash at bank and in hand 7 Trade and other debtors 8 Current Liabilities Creditors amounts falling due within one year Trade and other creditors Net current Assets NET ASSETS CHARITY FUNDS |
30 April 2021 £ 360 2,420 33,031 35,451 420 35,031 35,391 35,391 |
30 April 2020 £ 910 1,047 23,206 |
|---|---|---|
| 24,253 | ||
| 420 | ||
| 23,833 | ||
| 24,743 | ||
| 24,743 |
The financial statements of, charity number 1164737 were approved by the Trustees on 16[th] May 2022.
Signed on behalf by:
Pastor Mark Anthony Pasimupindu Trustee Chairperson
Mrs Denise Kundai Kwatali Mapfumo Trustee
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Notes to the Financial Statements for the year ended 30 April 2021
1. Accounting Policy
a) Basis of preparation
The financial statements have been prepared under the historical cost convention and are in accordance with trust law, applicable accounting standards and the Statement of Recommended Practice, “Accounting and Reporting by Charities”, issued in March 2005.
b) Fund accounting
Unrestricted funds are general funds that are available for use at the trustees’ discretion in furtherance of the objectives of the charity. Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
c) Incoming resources
Voluntary income, including donations, gifts and legacies and grants that provide core funding or are of a general nature, are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.
Investment income is recognised on a receivable basis.
Income from charitable activities includes income recognised as earned (as the related goods or services are provided) under contract where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.
d) Resources expended
Expenditure is recognised when a liability is incurred. Funding provided through contractual agreements and performance related grants are recognised as goods or services are supplied.
Other grant payments costs of generating funds are those costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.
Governance costs include those incurred in the governance of its assets and are primarily associated with constitutional and statutory requirements.
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, e.g. allocating office property costs by floor areas, management and human resources costs by the number of staff, and finance and IT costs by work done.
e) Donated Goods and volunteer and other donated services.
Donated goods are recognised in different ways dependent on how they are used by the charity:
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(i) Those donated for resale produce income in the trading venture when they are disposed of.
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(ii) Those donated for onward transmission to beneficiaries (chiefly clothing, food and medical supplies) are included in the statement of financial activities as incoming resources and resources expended when they are distributed. They are valued at the amount the charity would have had to pay to acquire them.
The charity has not received any goods for use by the charity itself. The value of services provided by volunteers is not incorporated into these financial statements. Where services are provided to the charity as a donation that would normally be purchased from our suppliers this contribution is included in the financial statements at an estimate based on the value of the contribution to the charity.
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f) Taxation
Irrecoverable VAT is not separately analysed and is charged to the statement of financial activities when the expenditure to which it relates is incurred and is allocated as part of the expenditure to which it relates.
Tax recovered from voluntary income received under gift aid is recognised when the related income is receivable and is allocated to the income category to which the income relates.
g) Tangible fixed assets and depreciation
Tangible assets are stated at cost and depreciated over their useful economic lives at the following rates:
Fixture and fittings 4 years Equipment 5 years Motor vehicles 4 years
Where the recoverable amount of a tangible asset is found to be below its net book value, the asset is written down to its recoverable amount and the loss on impairment is charged to the relevant expenditure category of the statement of financial activities.
Where an asset is not primarily used to generate income its impairment is assessed by reference to its service potential on its initial acquisition. The charity currently has no tangible fixed assets to which impairment provisions apply.
2. Voluntary income
| Tithe and love offering Designated donations 3. Ministry costs Salary and wages 4. Church governance Accountancy and bookkeeping fees Independent examination fees 5. Support costs Support costs |
2021 £ 46,023 3,100 49,123 2021 £ 27,343 27,343 2021 £ 520 420 |
2020 £ 44,537 4,900 |
|---|---|---|
| 49,437 | ||
| 2020 £ 30,874 |
||
| 30,874 | ||
| 2020 £ 520 420 |
||
| 940 | 940 | |
| 2021 £ 2,522 2,522 |
2020 £ 2,714 |
|
| 2,714 |
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6. Property Plant and Equipment
| Property & Equipment £ Cost At 1 April 2020 Additions - At March 2021 Depreciation At 1 April 2020 - Charge during the year - At March 2021 - Net Book Value At March 2020 - At March 2021 - 7. Cash and cash equivalent Cash at bank and in hand 8. Trade and other debtors Gift Aid accrual 9. Trade and other creditors Independent examination 10. Capital commitments |
Property & Equipment £ Cost At 1 April 2020 Additions - At March 2021 Depreciation At 1 April 2020 - Charge during the year - At March 2021 - Net Book Value At March 2020 - At March 2021 - 7. Cash and cash equivalent Cash at bank and in hand 8. Trade and other debtors Gift Aid accrual 9. Trade and other creditors Independent examination 10. Capital commitments |
Property & Equipment £ Cost At 1 April 2020 Additions - At March 2021 Depreciation At 1 April 2020 - Charge during the year - At March 2021 - Net Book Value At March 2020 - At March 2021 - 7. Cash and cash equivalent Cash at bank and in hand 8. Trade and other debtors Gift Aid accrual 9. Trade and other creditors Independent examination 10. Capital commitments |
Fixture & Fittings £ 2,750 - 2,750 1,840 550 2,390 910 360 2021 £ 2,420 2,420 2021 £ 33,031 33,031 2021 £ 420 420 |
Fixture & Fittings £ 2,750 - 2,750 1,840 550 2,390 910 360 2021 £ 2,420 2,420 2021 £ 33,031 33,031 2021 £ 420 420 |
Total £ 2,750 - 2,750 1,840 550 2,390 910 360 2020 £ 1,047 |
|
|---|---|---|---|---|---|---|
| 2021 £ 2,420 2,420 2021 £ 33,031 33,031 2021 £ 420 420 |
||||||
| 1,047 | ||||||
| 2020 £ 23,206 |
||||||
| 23,206 | ||||||
| 2020 £ 420 |
||||||
| 420 | ||||||
There was no capital commitment in 2021 ( 2020: Nil )
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