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2021-12-31-accounts

CHURCH OF GOD (SEVENTH DAY) CROYDON TRUSTEES' REPORT AND ACCOUNTS YEAR ENDED 31ST DECEMBER 2021

CHARITY REGISTRATION NO: 1165441

CHURCH OF GOD (SEVENTH DAY) CROYDON FINANCIAL STATEMENTS YEAR ENDED 31ST DECEMBER 2021

CONTENTS PAGE
LEGAL AND ADMINISTRATIVE INFORMATION 1
REPORT OF THE TRUSTEES 2-5
INDEPENDENT EXAMINERS REPORT 6
STATEMENT OF FINANCIAL ACTIVITIES 7
STATEMENT OF FINANCIAL POSITION 8
NOTES TO THE FINANCIAL STATEMENTS 9-12
DETAILED STATEMENT OF FINANCIAL ACTIVITIES 13

1

CHURCH OF GOD (SEVENTH DAY) CROYDON LEGAL AND ADMINISTRATIVE INFORMATION YEAR ENDED 31ST DECEMBER 2021

CHARITY REGISTRATION NUMBER: 1165441
REGISTERED OFFICE: Church of God (Seventh Day)
Derby Road
West Croydon
CR0 3SF
TRUSTEES: Reuben E Harris (Pastor)
Glenford Hill (Pastor)
Loraine M Harrison
Bevlyn E Campbell
Marilyn Davis
BANKERS Lloyds Bank Plc
25 Gresham Street
London
EC2V 7HN
INDEPENDENT EXAMINER Allen Robyn & Associates Ltd
Chartered Certified Accountants
367 Caledonian Road
London
N7 9DQ

2

CHURCH OF GOD (SEVENTH DAY) CROYDON REPORT OF THE TRUSTEES YEAR ENDED 31ST DECEMBER 2021

The trustees present their report with the financial statements of the charity for the year ended 31st December 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number : 1165441

Registered address

Church of God (Seventh Day) Derby Road West Croydon CR0 3SF

Trustees

Reuben E Harris (Pastor) Glenford Hill (Pastor) Loraine M Harrison Bevlyn E Campbell Marilyn Davis

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

The Charity is a Charitable Incorporated Organisation (CIO) governed according to the Constitution dated 4th February 2016.

Recruitment and Appointment of New Trustees

Trustees are recruited by way of nomination by a member of the Board of Trustees (the 'Board') and the securing of a majority. Upon recruitment, the new trustees are inducted through the issuing of a trustee handbook, which includes the relevant Charity Commission material, the Church's governance, structure, management, strategy and key policies. Full criteria can be found in our governing document.

Church Management

The pastors, officers and church committee are responsible for the day-to-day management and control of the church and meets with the trustees on a quarterly basis. The church works with a number of partners who are supportive to its mission and works in conjunction with them to provide spiritual guidance and support to the community in which it operates. At present, the Church has three Pastors, five Deacons, one Missionary and seven Church Committee members.

Risk Management

The Board of Trustees is ultimately responsible for the system of internal control and for reviewing its effectiveness. However, such a system is designed to manage rather than eliminate the risk of failure to achieve business objectives, and can only provide reasonable and not absolute assurance against material misstatement of loss.

3

CHURCH OF GOD (SEVENTH DAY) CROYDON REPORT OF THE TRUSTEES YEAR ENDED 31ST DECEMBER 2021

The Board has reviewed the effectiveness of the system of internal control. In particular, it has reviewed and updated the process for identifying and evaluating the major risks affecting the business and the policies and procedures by which these risks are managed.

OBJECTIVES AND ACTIVITIES FOR THE PUBLIC BENEFIT

The advancement of the Christian religion for the public benefit in particular but not exclusively by:

Activities were affected by the Covid-19 pandemic and the changing circumstances after coming out of lockdown.

Weekly services and activities

Sabbath (Saturday) Worship services Departmental ministry activities Bible studies and discussions Sunday First Sunday fasting services Tuesday Community coffee morning opened up as we came out of lockdown Wednesday Morning prayer meeting and fasting meeting

Children’s Ministry/ Seekers Ministry

Provides fun, educational, spiritual and stimulating activities for the following age ranges: 3 to 5’s, 6 to 8’s, 9 to 12’s, 13 to 15’s and 16 to 18’s. Its activities include biblical studies, children’s choirs, musical tuition, day trips and sightseeing, socials, sports, etiquette training, life skills, dance ministry, arts and crafts, quizzes, educational support and holiday summer school. Its volunteers are all DBS checked and are passionate about children’s development and wellbeing.

Youth Ministry (FYC – Faithful Youth Challengers)

Weekly meetings providing spiritual development, alongside other activities including music and a youth choir, mentoring, careers advice, sports days, other social activities and outings, youth camp that provides yearly residential weeks in various parts of the United Kingdom and annual youth conventions.

Women’s Ministry

The Women’s ministry (WM) department aims to support, instruct, develop and encourage women of all ages with meetings at least once per month. They identify areas of benevolence and seek to meet those needs. The WM Dorcas sewing club was postponed due to the pandemic.

Men’s Ministry

A forum to support men and boys in developing all the areas and aspects of their lives to become godly in their nature, relationship and demeanour. To provide encouragement to help identify and develop their personal ministries and to get involved in missions.

Teaching, Sabbath School, New Christian Studies

Weekly Sabbath School and Tuesday evening online bible studies.

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CHURCH OF GOD (SEVENTH DAY) CROYDON REPORT OF THE TRUSTEES YEAR ENDED 31ST DECEMBER 2021

Pastoral Counselling and Visitation

Pastoral support is provided to members who need encouragement. Specific areas of need of provision include pre and post marital, bereavement and funeral, pre and post baptism, spiritual and relational counselling. Where issues fall out of the church’s remit of experience then referral is made as required. Hospital and home visitations are made by the Pastoral and Deacon teams as needs arise. The church is licensed for weddings and undertakes funerals and baby blessings.

Food and Clothes Bank

The food bank received donations of dry food items and some clothing. It distributes donations to those in need from the community and within the local branch. In addition, it responds to international disasters and requests for benevolent assistance

Evangelism and Community Outreach

Spreading the gospel of Salvation through Jesus Christ through one-to-one personal evangelism, leafleting, home visits and studies.

Coffee Morning

Provides an open door to the community on a weekly basis where coffee, tea, biscuits, conversation, advice, prayer, games and a warm lunch are made available.

Online Evangelism

The online evangelism initiative provides the structure and processes required to promote the delivery of a highquality evangelism programme that is available for and to meet the needs of all. The purpose of the ministry is to spread and teach the Gospel of Jesus Christ.

Learning and Development

Investment Property Renovation

In 2015 Croydon Church entered into a 50% joint venture project to purchase and renovate a house into 2 flats. Both flats are rented and a 50% share of the property income is being donated back to the Church charity.

Completed projects during the year (although severely affected by the Covid-19 pandemic and UK lockdowns):

Future Plans

5

CHURCH OF GOD (SEVENTH DAY) CROYDON REPORT OF THE TRUSTEES YEAR ENDED 31ST DECEMBER 2021

Major future initiative – COG7D Croydon Listen and Speak Advisory service

The aim and objective of this project is to provide a safe non-judgemental edifying environment to share mutual concerns with regards to real-life issues, serving both internal and community needs. The service will cover issues around youth engagement, mentoring, mediation with the Metropolitan Police, tackle issues around mental health, parental advice, real talk discussions for all demographics and work with a list of specialist counsellors and agencies to which participants will be referred.

Appreciation

We continue to give special recognition in respect of our front-line members including doctors, nurses, transport workers and teachers and appreciate the valued and crucial roles they played during the year. We offer our thanks to members and the community for their continued support and hard work during the year.

Public Benefits Statement

In the planning of activities for the year, and having given due consideration to the Charity Commission’s guidance on public benefit, and the specific guidance on charities for the advancement of religion in particular, the Charity has been committed in its efforts of supporting its Network of Churches in general and in providing training for Pastors, Ministers and Leaders in Ministry on both Pastoral and Governance matters.

FINANCIAL REVIEW

The Charity's financial statement for the year ended 31st December 2021 shows Income of £123,850 (2020: £106,675). Expenditure was £92,318 (2020: £104,460) and the Church made a net surplus in funds of £31,532 (2020: £2,215) . Unrestricted reserves at 31st December 2021 is £104,933 (2020: £73,401), whilst Restricted funds are £1,124,630 (2020: 1,124,630).

STATEMENT OF TRUSTEE RESPONSIBILITIES

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law applicable to charities in England and Wales, the Charities Act 2011, Charity Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each (Accounts and Reports) financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure of the charity for that period. In preparing those financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They 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.

This report is prepared in accordance with the special provision of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the Board of Trustees on and signed:

ON BEHALF OF THE BOARD:

Pastor Reuben Harris (Trustee)

6

REPORT OF THE INDEPENDENT EXAMINER CHURCH OF GOD (SEVENTH DAY) CROYDON YEAR ENDED 31ST DECEMBER 2021

I report on the accounts for the year ended 31st December 2021 set out on pages six to eleven.

Respective responsibilities of trustees and examiner

The Charity's Trustees (who are also the Directors for the purposes of Company Law) are responsible for the preparation of the accounts. The Charity's Trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of the independent examiners report

My examination was carried out in accordance with the 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 you as trustees concerning any such matter. 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 statements below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

Rolston Allen ( FCCA)

Allen Robyn & Associates Ltd Chartered Certified Accountants 367 Caledonian Road London N7 9DQ

Date: 24/10/2022

7

CHURCH OF GOD (SEVENTH DAY) CROYDON STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31ST DECEMBER 2021

Unrestricted Unrestricted
INCOMING RESOURCES Notes 2021 2020
Incoming resources from generated funds
Tithes and offerings 2 123,850 106,675
RESOURCES EXPENDED
Charitable Activities 3 34,640 51,585
Governance Costs 4 2,160 2,160
Support Costs 5 55,518 50,715
TOTAL RESOURCES EXPENDED 92,318 104,460
NET INCOME/EXPENDITURE FOR THE YEAR 31,532 2,215
RECONCILIATION OF FUNDS
Prior year adjustment - (1,782)
Movement in restricted funds 1,198,031 1,197,598
TOTAL FUNDS CARRIED FORWARD £1,229,563 £1,198,031

None of the charity's activities were acquired or discontinued during the year and there were no recognised gains and losses for 2021 other than those included in the statement of financial activities.

The notes on pages 9 to 12 form part of these accounts.

8

CHURCH OF GOD (SEVENTH DAY) CROYDON STATEMENT OF FINANCIAL POSITION YEAR ENDED 31ST DECEMBER 2021

TANGIBLE ASSETS
Tangible fixed assets
Investment property
CURRENT ASSETS
Debtors
Cash at bank and in hand
CREDITORS: due within one year
Net Current Assets
TOTAL ASSETS LESS CURRENT LIABILITIES
FUNDS:
Restricted funds
Unrestricted Funds		 Notes
6
7
8
9
10
10		 2021
2020
856,328
857,995
235,647
235,647
1,091,975
1,093,642
16,940
20,093
122,808
86,456
139,748
106,549
(2,160)
(2,160)
£137,588
£104,389
£1,229,563
£1,198,031
2021
2020
1,124,630
1,124,630
£104,933
£73,401
£1,229,563
£1,198,031		 2020
857,995
235,647		 2020

The financial statements were approved by the Board of Trustees on and were signed on its behalf by:

Pastor Reuben Harris (Trustee)

The notes on pages 9 to 12 form part of these accounts.

9

CHURCH OF GOD (SEVENTH DAY) CROYDON NOTES TO THE ACCOUNTS YEAR ENDED 31ST DECEMBER 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared under the historical cost convention and in accordance with FRS 102 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing accounts in accordance with the Financial Reporting Standard Section 1A applicable in the UK and Republic of Ireland and the Companies Act 2006.

The Church of God (Seventh Day) Croydon meets the definition of a public benefit entity under FRS 102.

Incoming resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Donations and other incoming resources -Represents income from tithes and offerings from members and visitors of the Church recorded when they are receivable.

Resources expended

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Charitable activities

Costs of charitable activities are those costs relating to the activities carried out to meet the objectives of the Church. These include both directly attributable costs and apportioned support costs.

Governance costs

Governance costs are the costs associated with the strategic direction of the organisation and with meeting regulatory responsibilities including apportioned support costs.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property 2.5% Furniture and equipment 25%

Revaluation of freehold property

Freehold property was revalued during the year to reflect carrying values, near to its fair values. There were no depreciation charged during the year of revaluation.

The investment property is undergoing renovation and have not been bought into use and therefore was depreciated during the current year.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund Accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

10

CHURCH OF GOD (SEVENTH DAY) CROYDON NOTES TO THE ACCOUNTS YEAR ENDED 31ST DECEMBER 2021

2. VOLUNTARY INCOME
Tithes and offerings
Donations and pledges
Grants
Gift Aid
Fundraising and others
Total incoming resources
3. CHARITABLE EXPENDITURE
Ministry expenses
British conference contribution
Training and outreach project
Charitable Donations
Books & periodicals
Internet service transition
Hospitality
Welfare
4. MANAGEMENT AND SUPPORT COST
Insurance
Light and heat
Repairs, maintenance & cleaning
Travel and subsistence
Printing, postage and stationery
Internet
Telephone
Water rates
Bank charges
Depreciation
Sundry		 2021
2020
75,975
72,712
2,799
2,538
9,999
-
17,251
18,804
17,826
12,621
£123,850
£106,675
198
-
17,200
24,428
2,220
5,580
2,722
3,400
2,673
2,158
-
8,961
7,715
3,497
1,912
3,561
£34,640
£51,585
1,659
1,539
4,426
3,744
7,742
13,680
1,940
2,465
1,621
1,319
1,968
-
411
954
-
136
333
381
35,104
26,183
314
314
£55,518
£50,715		 2021
2020
75,975
72,712
2,799
2,538
9,999
-
17,251
18,804
17,826
12,621
£123,850
£106,675
198
-
17,200
24,428
2,220
5,580
2,722
3,400
2,673
2,158
-
8,961
7,715
3,497
1,912
3,561
£34,640
£51,585
1,659
1,539
4,426
3,744
7,742
13,680
1,940
2,465
1,621
1,319
1,968
-
411
954
-
136
333
381
35,104
26,183
314
314
£55,518
£50,715		 2020
72,712
2,538
-
18,804
12,621
-
24,428
5,580
3,400
2,158
8,961
3,497
3,561
£51,585
1,539
3,744
13,680
2,465
1,319
-
954
136
381
26,183
314
£50,715

5. TRUSTEES REMUNERATION AND BENEFITS

Trustees' expenses

There are no paid staff. All tasks are carried out by Trustees who are not remunerated and do not receive any expenses or benefits for their activities.

11

CHURCH OF GOD (SEVENTH DAY) CROYDON NOTES TO THE ACCOUNTS YEAR ENDED 31ST DECEMBER 2021

6. FIXED ASSETS
COST
At 1st January 2021
Additions
As at 31st December 2021
DEPRECIATION
Opening Balance
Charge for the year
NET BOOK VALUE
As at 31st December 2021
As at 31st December 2020
7. INVESTMENT PROPERTY
COST - Croydon portion of purchase cost
Investment brought forward
Contributions to repairs during the year
As at 31st December		 Freehold Property
950,000
-
950,000
95,000
23,750
118,750
£831,250
£855,000		 Office & Musical
Equipment
21,129
33,437
54,566
18,134
11,354
29,488
£25,078
£2,995
2,021
235,647
-
£235,647		 Office & Musical
Equipment
21,129
33,437
54,566
18,134
11,354
29,488
£25,078
£2,995
2,021
235,647
-
£235,647		 Total
971,129
33,437
1,004,566		 Total
971,129
33,437
1,004,566		 Total
113,134
35,104
148,238
£856,328
£857,995
2,020
233,405
2,242
£235,647		 113,134
35,104
148,238

Investment property represents a 50% joint venture project with Deptford Church of God (Seventh Day) to purchase and renovate a house (21 Derby Rd.) into 2 flats. The aim of the project is that once the renovation is completed by the end of 2018, 50% share of the property income will be donated back into the Church Charity. The asset is valued at it purchase cost and repairs to date and was funded by restricted donations from members of both churches and the British Conference.

There are no mortgage loans or any other restrictions on the Church's ability to realise the premises other than that of the joint owner.

8. DEBTORS
Loans to members
Other Debtors - Deptford
Other Debtors
9. CREDITORS : Amounts falling due after one year
Accruals		 2021
2020
2,290
2,290
14,650
17,800
£16,940
£20,090
2021
2020
£2,160
£2,160		 2020
2,290
17,800

12

CHURCH OF GOD (SEVENTH DAY) CROYDON NOTES TO THE ACCOUNTS YEAR ENDED 31ST DECEMBER 2021

10. MOVEMENTS IN FUNDS
Unrestricted Funds
General Fund
Unrestricted Funds
Restricted Funds
General fund for the year
Freehold property / Revaluation reserves
Deptford church
Total funds		 Incoming
Resources
Resources
Expended
£123,850
£92,318
01/01/2020
Movement in Funds
£73,401
£31,532
156,830
-
950,000
-
17,800
-
£1,124,630
-
£1,198,031
£31,532		 Movement in Funds Movement in Funds Movement in Funds Movement in Funds
£31,532
31/12/2021		 £31,532
£104,933
156,830
950,000
17,800
£1,124,630		 £104,933
£1,229,563

13

CHURCH OF GOD (SEVENTH DAY) CROYDON INCOME AND EXPENDITURE YEAR ENDED 31ST DECEMBER 2021

Incoming Resources:
Voluntary income:
Tithes and offerings
Donations and pledges
Grants
Gift Aid
Fundraising and others
Total incoming resources
RESOURCES EXPENDED:
Charitable activities:
Ministry expenses
British conference contribution
Training and outreach project
Charitable Donations
Books & periodicals
Internet service transition
Hospitality
Welfare
GOVERNANCE COSTS
Examiner fees
SUPPORT COSTS: MANAGEMENT
Insurance
Light and heat
Repairs, maintenance & cleaning
Travel and subsistence
Printing, postage and stationery
Internet
Telephone
Water rates
Bank charges
Depreciation
Sundry
Total resources expended
Total Income over expenditure		 2021
2020
£
£
75,975
72,712
2,799
2,538
9,999
-
17,251
18,804
17,826
12,621
£123,850
£106,675
198
-
17,200
24,428
2,220
5,580
2,722
3,400
2,673
2,158
-
8,961
7,715
3,497
1,912
3,561
£34,640
£51,585
£2,160
£2,160
1,659
1,539
4,426
3,744
7,742
13,680
1,940
2,465
1,621
1,319
1,968
-
411
954
-
136
333
381
35,104
26,183
314
314
£55,518
£50,715
£92,318
£104,460
£31,532
£2,215		 2020
£
72,712
2,538
-
18,804
12,621