Bread of Life Church International
OF
RECEIPTS AND PAYMENTS ACCOUNTS
Annual Return 2023
Charity No: 1165355
Bread of Life International Accounts, Receipts Payments 2023
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Reference and Administrative Information
Charity Name: Bread Of Life Church International Charity Registration Number: 1165355 Contact Address: Pastor Austin Makota 31 Woodside Close Grays, Essex RM16 2DN Trustees: Dr Mulenga Makota (Chair) Mr Austin Makota Mr Paul Matuta Mrs Suwilanji Mutale
Independent Examiner
Josh Commercial Services Limited Chartered Accountants 5 Gayton Court, Reigate Surrey RH2 9DX
Bankers
Triodos Bank Deanery Road Bristol BS1 5AS
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Trustees’ Annual Report Year ended 2nd January 2023
Structure, Governance and Management
Governing Document
The Church is administered in accordance with the terms of the Deed of Constitution.
Recruitment and Appointment of Trustees
Members of the church with the exception of 1 are the charity trustees. The trustees are the leaders of the church and are chosen from those members of the church who are considered to have the appropriate gifts and skills. Board Members are then appointed at the Stated Annual Meeting and serve for a period of three years after which they must seek re-election at the next Stated Annual Meeting.
Organisational Structure
The Congregational Board is chaired by the Pastor and meets eight times in a year. Certain responsibilities are delegated to the Finance Committee as appropriate.
Objectives and Activities
Bread of Life Church operates in South East London - Thamesmead. We meet every Sunday and we share the gospel of Jesus. We encourage those who are discouraged-bring hope to those who fell lonely. Most of all, we believe that everyone was born to fulfil a purpose. We help people discover their purpose the biblical way. Our objective is the advancement of the Christian Faith for the public benefit in London and the United Kingdom in accordance with the Doctrines set out in the statement of the Faith Appended.
When planning our activities for the year, we have considered the Commission’s guidance on public benefit and, in particular, the supplementary guidance on charities for the advancement of religion. In particular, we try to enable ordinary people to live out their faith as part of our church community through:
• Worship and prayer; learning about the Gospel; and developing their knowledge and trust in Jesus.
- Provision of pastoral care for people living in the parish.
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Trustees’ Annual Report (cont) Year ended 2nd January 2023
Achievements and Performance
The church is keen to offer a range of services during the week and over the course of the year that our community find both beneficial and spiritually fulfilling. We have located to a new building in Bromley High Street and are pleased to finally meet back full time as a congregation to fellowship. However, we still held online services every Sunday at 11am through a Radio station and Facebook Live. Through this platform, we reached a multitude of people across the globe, and still maintained a community feel and true engagement from our local congregants. In addition, we introduced daily prayers also held online, as well as a weekly service every Wednesday. It still remains a challenging time for all, we hope to bring a sense of hope to people and encourage church members during these uncertain times.
Financial Review
Despite being unable to congregate in the church building due to the pandemic and subsequent lockdown, members continued to give faithfully. Total receipts on unrestricted funds were £55,739 which included £14,425 of gift aid and £55,710 was spent from the unrestricted funds. The net result for the year was an excess of receipts over payments of £29.
Reserves Policy
It is the Trustees’ policy to hold reserves of approximately two months expenditure including designated funds. The net result of £29 will be carried forward.
Statement of Trustees' Responsibilities
The members of the Board must prepare financial statements which give sufficient detail to enable an appreciation of the transactions of the Church during the financial year. The members of the Board are responsible for keeping proper accounting records which, on request, must reflect the financial position of the Church at that time. This must be done to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 and the Regulations Anent Congregational Finance approved by the General Assembly of the Church of Scotland in 2007. They are also responsible for safeguarding the assets of the Church and must take reasonable steps for the prevention and/or detection of fraud and other irregularities.
Approved by the Trustees and signed on their behalf, Dr Mulenga Makota (Trustee Chairperson)
Date ……… 12/02/2023
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Independent Examiner's Report to the Trustees of Bread of Life Church
I report on the accounts of the charity for the year ended 02 January 2023 which are set out on pages 1 to 6.
Respective reiiponsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Invesbnent (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006.
The charity trustees consider that the audit requirement of Regulation 10( 1) ( d) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44( I) ( c) of the Act and to state whether particular matters have come to my attention.
Basis of independent examiner's statement
An examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. 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 seeks 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 I do not express an audit opinion on the view given by the accounts.
Independent examiner's statement
In the course of my examination, no matter has come to my attention,
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l . which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with Section 44 (l)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and
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to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations have not been met, or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Address: Josh Commercial Services Limited Chartered Accountants 26 Tunnmeade, Ifield RHl 1 0QR.
Date 17th December 2023
Independent Examiner
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Bread Of Life Church International Receipts and Payments Account Year ended 2nd January 2023
| Receipts Note Voluntary receipts: 2 Collections at services Gift Aid Recovered Receipts from General Trustees Receipts from Trustees excluding Tithe and Offering Total Receipts Payments 3 Church running expenses Hall running costs Mission giving and donations Total Payments Transfers Cash at bank and in hand at 3 Jan 2022 Cash at bank and in hand at 2 Jan 2023 Excess of Receipts over Payments Excess of Receipts over Payments for the year |
Unrestricted Restricted Endowment Funds Funds Funds Total Total 2023 2023 2023 2023 2022 £ £ £ £ £ 34,591 - - 34,591 10,354 14,425 - - 14,425 10,907 49,016 - - 49,016 21,261 723 723 400 6,000 6,000 3,200 55,739 - - 55,739 24,861 14,010 14,010 6,763 37,150 37,150 14,230 4,550 4,550 3,850 55,710 - - 55,710 24,843 29 - - 29 18 - - - - - 29 - - 29 18 1,261 - - 1,261 1,243 1,290 - - 1,290 1,261 |
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Bread Of Life Church International Statement of Balances Year ended 2nd January 2023
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|Unrestricted|Restricted|Endowment|
|Funds|Funds|Funds|Total|Total|
|2023|2023|2023|2023|2022|
|Note|£|£|£|£|£|
|Cash Funds|
|Bank Current Account|1,290|1,290|1,261|
|-|-|
|1,290|1,290|1,261|
|Assets|
|Gift Aid Receivable|-|-|-|
|Liabilities|
|-|-|-|-|-|
|Cost of repair not yet billed|
----- End of picture text -----
The accounts were approved by the Board of Trustees and Financial Board on 12/02/2023. For and on behalf of Board of trustees and Financial Board
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|---|---|
|Dr Mulenga Makota|Chairperson|
|Mr Paul Matuta|Board Member|
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Bread Of Life Church International Statement of Balances Notes to the Accounts
1. Trustee Remuneration and Related Party Transactions
No trustee received any remuneration or reimbursement of expenses during the year. No trustee or a person related to a trustee had any personal interest in any contract or transaction entered into by the charity during the year.
| 2. Analysis of Donations Ordinary Tithe (Open Plate) Ordinary Offerings (Open Plate) Donations by General Trustees Donations by Trustees (excluding Tithe and offering) Gift Aid Recovered Total Receipts 3. Analysis of Payments Church running expenses Lease of Building Utilties Buildings Insurance Donations Running Costs Music & Band Hire Envagalism & Marketing Guest Honoury Speakers Fees and Subsciptions Bishops - Seed Printing, stationery and postage Governance costs Independent examiner’s fees Other payments Purchase of assets / equipment Total Payments |
Unrestricted Restricted Endowment Funds Funds Funds Total Total 2023 2023 2023 2023 2022 £ £ £ £ £ 29,100 - - 29,100 8,392 5,491 - - 5,491 1,962 723 723 400 6,000 - - 6,000 3,200 14,425 - - 14,425 10,907 55,739 - - 55,739 24,861 37,150 - - 37,150 14,230 2,640 2,640 - 890 890 - 2,000 - - 2,000 2,650 713 713 - 2,160 - - 2,160 720 234 - - 234 420 1,500 1,500 4,600 2,510 - - 2,510 600 2,550 - - 2,550 1,200 500 - - 500 423 52,847 - - 52,847 24,843 - - - - - 2,863 - - 2,863 - 2,863 - - 2,863 - 55,710 - - 55,710 24,843 |
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