Charity registration number: 1167811
## Logos International Church
Annual Report and Financial Statements
for the Year Ended 31 December 2023
## **Logos International Church**
## **Contents (continued)**
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2 to 3|
|Statement of Trustees' Responsibilities|4 to 5|
|Independent Examiner's Report|6|
|Statement of Financial Activities|7 to 8|
|Balance Sheet|9 to 10|
|Notes to the Financial Statements|11 to 19|
## **Logos International Church**
## **Reference and Administrative Details**
**Trustees** Mr Jesus Aldo De Carvalho Mr Alexandre Crivelaro Mr Edson Carlos De Oliveira Junior **Charity Registration Number** 1167811
**Principal Office** 3 Overhill Gardens Brighton BN1 8ND **Independent Examiner** Loyal Accountancy Ltd Suite 2.04 Oxford House 49 Oxford Road London N4 3EY
Page 1
## **Logos International Church**
## **Trustees' Report**
The trustees present the annual report together with the financial statements of the charity for the year ended 31 December 2023.
## **Objectives and activities**
## _**Objects and aims**_
The Objects of the organisation are to advance the Christian Religion [in accordance with the Statement of faith] throughout the world as the trustees may see fit from time to time. The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.
## _**Public benefit**_
The organisation holds services with individuals equipped and educated on the principles and doctrines of the Christian faith. The church holds several conferences to assist the development of the people in the community.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
## **Financial review**
## _**Policy on reserves**_
It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure. This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to maintain this level throughout the year.
Page 2
## **Logos International Church**
## **Trustees' Report (continued)**
## **Structure, governance and management**
## _**Nature of governing document**_
The Charity governing document is a declaration of trust that was adopted on 16 December 2015. The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.
## **Financial instruments**
## _**Objectives and policies**_
The charity’s activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity’s policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.
The annual report was approved by the trustees of the charity on 22 October 2024 and signed on its behalf by:
...... ~~.~~ .................................. Mr Jesus Aldo De Carvalho Trustee
......................................... Mr Alexandre Crivelaro Trustee
......................................... Mr Edson Carlos De Oliveira Junior Trustee
Page 3
## **Logos International Church**
## **Statement of Trustees' Responsibilities**
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities 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 charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that 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 Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. 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.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Page 4
## **Logos International Church**
## **Statement of Trustees' Responsibilities (continued)**
Approved by the trustees of the charity on 22 October 2024 and signed on its behalf by:
...... ~~.~~ .................................. Mr Jesus Aldo De Carvalho Trustee
......................................... Mr Alexandre Crivelaro Trustee
......................................... Mr Edson Carlos De Oliveira Junior Trustee
Page 5
## **Logos International Church**
## **Independent Examiner's Report to the trustees of Logos International Church**
I report to the trustees on my examination of the accounts of Logos International Church for the year ended 31 December 2023.
## **Responsibilities and basis of report**
As the charity trustees of Logos International Church you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Logos International Church's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of Logos International Church as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
...................................... Loyal Accountancy Ltd
Suite 2.04 Oxford House 49 Oxford Road London N4 3EY
22 October 2024
Page 6
## **Logos International Church**
## **Statement of Financial Activities for the Year Ended 31 December 2023**
|**Note**
**Income and Endowments from:**
Donations and legacies
Investment income
3
Total income
**Expenditure on:**
Charitable activities
Total expenditure
Net expenditure
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
10|**Unrestricted**
**funds**
**£**
104,440
182
104,622
(117,214)
(117,214)
(12,592)
(12,592)
40,816
28,224|**Total**
**2023**
**£**
104,440
182|
|---|---|---|
|||104,622|
|||(117,214)|
|||(117,214)|
|||(12,592)|
|||(12,592)
40,816|
|||28,224|
The notes on pages 11 to 19 form an integral part of these financial statements. Page 7
## **Logos International Church**
## **Statement of Financial Activities for the Year Ended 31 December 2023 (continued)**
|**Note**
**Income and Endowments from:**
Donations and legacies
Investment income
3
Total income
**Expenditure on:**
Charitable activities
Total expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
10|**Unrestricted**
**funds**
**£**
129,438
6
129,444
(118,010)
(118,010)
11,434
11,434
29,382
40,816|**Total**
**2022**
**£**
129,438
6|
|---|---|---|
|||129,444|
|||(118,010)|
|||(118,010)|
|||11,434|
|||11,434
29,382|
|||40,816|
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is shown in note 10.
The notes on pages 11 to 19 form an integral part of these financial statements. Page 8
## **Logos International Church**
## **(Registration number: 1167811) Balance Sheet as at 31 December 2023**
|**Note**
**Fixed assets**
Tangible assets
6
**Current assets**
Debtors
7
Cash at bank and in hand
8
**Creditors: Amounts falling due within one year**
9
**Net current assets**
**Net assets**
**Funds of the charity:**
**Unrestricted income funds**
Unrestricted funds
**Total funds**
10|**2023**
**£**
960
-
28,340
28,340
(1,076)
27,264
28,224
28,224
28,224|**2022**
**£**
1,129
26,807
13,047|
|---|---|---|
|||39,854
(167)|
|||39,687|
|||40,816|
|||40,816|
|||40,816|
The notes on pages 11 to 19 form an integral part of these financial statements. Page 9
## **Logos International Church**
## **(Registration number: 1167811) Balance Sheet as at 31 December 2023 (continued)**
The financial statements on pages 7 to 19 were approved by the trustees, and authorised for issue on 22 October 2024 and signed on their behalf by:
...... ~~.~~ .................................. Mr Jesus Aldo De Carvalho Trustee
......................................... Mr Alexandre Crivelaro Trustee
......................................... Mr Edson Carlos De Oliveira Junior Trustee
The notes on pages 11 to 19 form an integral part of these financial statements. Page 10
## **Logos International Church**
## **Notes to the Financial Statements for the Year Ended 31 December 2023**
## **1 Accounting policies**
## **Statement of compliance**
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Basis of preparation**
Logos International Church meets the definition of a public benefit entity under FRS 102. The accounts (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.
## **Going concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
## **Income and endowments**
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
## _**Donations and legacies**_
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
## _**Investment income**_
Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
Page 11
## **Logos International Church**
## **Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)**
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
## _**Charitable activities**_
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 to such activities and those costs of an indirect nature necessary to support them.
## **Support costs**
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
## **Governance costs**
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Tangible fixed assets**
Individual fixed assets costing £0.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Page 12
## **Logos International Church**
## **Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)**
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
## **Asset class**
Equipment
**Depreciation method and rate** 15% on reducing balance
## **Trade debtors**
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
## **Financial instruments**
## _**Fair value measurement**_
The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.
Page 13
## **Logos International Church**
## **Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)**
## **2 Income from donations and legacies**
|Donations and legacies;
Donations from individuals
Gift aid reclaimed
**Total for 2023**
**Total for 2022**|**Unrestricted**
**funds**
**General**
**£**
103,822
618
104,440
129,438|**Total**
**funds**
**£**
103,822
618|
|---|---|---|
|||104,440|
|||129,438|
## **3 Investment income**
|Interest receivable and similar income;
Interest receivable on bank deposits
**Total for 2023**
**Total for 2022**|**Unrestricted**
**funds**
**General**
**£**
182
182
6|**Total**
**funds**
**£**
182|
|---|---|---|
|||182|
|||6|
Page 14
## **Logos International Church**
## **Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)**
## **4 Analysis of governance and support costs**
## **Support costs allocated to charitable activities**
|||**Allocated**|**Other**||
|---|---|---|---|---|
||**Governance**|**Support**|**support**|**Total**|
||**costs**|**costs**|**costs**|**funds**|
||**£**|**£**|**£**|**£**|
|Wages and salaries|-|20,107|-|20,107|
|Employer pension contribution|-|276|-|276|
|Social help and benevolent giving|-|800|-|800|
|Missionary church|-|-|7,113|7,113|
|Honorarium|-|7,385|-|7,385|
|Church house rent|-|19,200|-|19,200|
|Church rent|-|13,887|-|13,887|
|Hall hire|-|2,848|-|2,848|
|Office rent|-|5,170|-|5,170|
|Rates|-|2,667|-|2,667|
|Repairs and renewals|-|2,311|-|2,311|
|Cleaning|-|305|-|305|
|Subscription|-|450|-|450|
|Printing, stationery and computer|||||
|consumables|-|3,560|-|3,560|
|Fuel and oil|-|4,132|-|4,132|
|Parking and tolls charges|-|936|-|936|
|Motor expenses|-|2,039|-|2,039|
|Subsistence|-|1,468|-|1,468|
|Rail, air and taxi fares|-|1,464|-|1,464|
|Hotel accommodation|-|607|-|607|
|Media services and website costs|-|6,345|-|6,345|
|Music training and services|-|3,828|-|3,828|
|Bookkeeping fees|1,650|-|-|1,650|
|Church event|-|2,687|-|2,687|
|Refreshments|-|1,718|-|1,718|
|Depreciation|-|169|-|169|
|Telephone and internet|-|727|-|727|
Page 15
## **Logos International Church**
## **Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)**
|Light and heat
**Total for 2023**
**Total for 2022**|**Governance**
**costs**
**£**
-
1,650
1,560|**Allocated**
**Support**
**costs**
**£**
3,365
108,451
105,375|**Other**
**support**
**costs**
**£**
-
7,113
11,075|**Total**
**funds**
**£**
3,365|
|---|---|---|---|---|
|||||117,214|
|||||118,010|
## **5 Staff costs**
The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:
|**2023**
**No**
Average number of persons employed
2
No employee received emoluments of more than £30,000 during the year|**2022**
**No**
2|
|---|---|
|||
## **6 Tangible fixed assets**
|**Cost**
At 1 January 2023
At 31 December 2023
**Depreciation**
At 1 January 2023
Charge for the year
At 31 December 2023
**Net book value**
At 31 December 2023|**Furniture**
**and**
**equipment**
**£**
2,544|**Total**
**£**
2,544
2,544
1,415
169
1,584
960|
|---|---|---|
||2,544||
||1,415
169||
||1,584||
||960||
Page 16
## **Logos International Church**
## **Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)**
|At 31 December 2022
**7 Debtors**
Other debtors
Debtors includes £Nil (2022: £26,807) receivable after more than one
Other debtors
**8 Cash and cash equivalents**
Cash at bank||**Furniture**
**and**
**equipment**
**£**
1,129||**Total**
**£**
1,129
**2022**
**£**
26,807|
|---|---|---|---|---|
|||**2023**
**£**
-
year.
**2023**
**£**
-
**2023**
**£**
28,340|||
|||||**2022**
**£**
26,807|
|||||**2022**
**£**
13,047|
Page 17
## **Logos International Church**
## **Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)**
## **9 Creditors: amounts falling due within one year**
|Other taxation and social security
Other creditors
**10 Funds**
**Unrestricted funds**
General
**Unrestricted funds**
General|**Balance at 1**
**January**
**2023**
**£**
40,816
**Balance at 1**
**January**
**2022**
**£**
29,382|**Incoming**
**resources**
**£**
104,622
**Incoming**
**resources**
**£**
129,444|**2023**
**£**
1,009
67
1,076
**Resources**
**expended**
**£**
(117,214)
**Resources**
**expended**
**£**
(118,010)|**2022**
**£**
109
58|
|---|---|---|---|---|
|||||167|
|||||**Balance at**
**31**
**December**
**2023**
**£**
28,224|
|||||**Balance at**
**31**
**December**
**2022**
**£**
40,816|
Page 18
## **Logos International Church**
## **Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)**
## **11 Analysis of net assets between funds**
|Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets|**Unrestricted**
**funds**
**General**
**£**
960
28,340
(1,076)
28,224
**Unrestricted**
**funds**
**General**
**£**
1,129
39,854
(167)
40,816|**Total funds**
**at 31**
**December**
**2023**
**£**
960
28,340
(1,076)|
|---|---|---|
|||28,224|
|||**Total funds**
**at 31**
**December**
**2022**
**£**
1,129
39,854
(167)|
|||40,816|
Page 19