Registered charity number : 1168511
JESUS TOUCH MINISTRIES, HEYWOOD Financial Statements for the Year Ended 31 December 2020
JESUS TOUCH MINISTRIES, HEYWOOD Reports of the Trustees for the year ended 31 December 2020
Administrative information:
Jesus Touch Ministries, Heywood is a community focused Pentecostal church with a message of hope, love and regeneration that is made possible only through having faith in the power of God. God loves the people, and so do we at Jesus Touch Ministries. Age, race, gender, background, or religion are never a barrier to us as we aim to reach many people to experience the perfect touch of Christ. This, we believe is the key to the spiritual transformation of our community and the world at large.
Our commitment
Our commitment is to make our church an amazing, vibrant church reaching out to all people and nations so they can connect with God thereby fulfilling their destinies in Life.
Our vision
We want to empower every person to make a positive difference in their world through demonstrating the power of the extraordinary God. We will be a church to transform all the areas of influence of business, education, entertainment, sports, family, healthcare, politics and spirituality within our community.
Leadership team
Pastor Stephen Akosile – Presiding Pastor Pastor Mrs Abimbola Akosile Mrs Bella Katusime - Church Administrator & Financial Secretary Oluwayemi Ige - Church Secretary
Address
First Floor (On top of Boots Pharmacy) 15-17 Market Street Heywood, Rochdale OL10 1HX
Board of Trustees Reverend Henry O. Emmanuel Mrs Bella Katusime Mrs Olabisi Amope Ketiku Mrs Abimbola F. Akosile Pastor Stephen Omobanjo Akosile
Banker
Barclays Bank Plc 2 Church Street Heywood OL10 1LN
Independent Examiner Matthew Odu
JESUS TOUCH MINISTRIES, HEYWOOD
Reports of the Trustees continued
Our focus of service
We aim to provide the following in the highest quality: 1. We will make our church a place of worship and prayer to meet the spiritual, emotional and physical needs of our community.
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We will work towards peaceful coexistence and integration of different people and culture within our community.
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We will make our place accessible to all people with the aim of preparing them for responsible and leadership positions.
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We will provide charitable services to meet the needs of those who lack basic amenities of life.
Objective and activities
The strategic objectives of Jesus Touch Ministries Heywood are directly linked to its aims. ADVANCEMENT OF THE CHRISTIAN FAITH FOR THE PUBLIC BENEFIT.
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To make Jesus known, and the power of faith in Him for the transformation of the community and mankind.
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To prevent or relieve poverty based on scriptural principles and impartation of spiritual knowledge.
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To work in cooperation with other local charities and authorities in ensuring peaceful coexistence and integration of all ethnic minorities within the community
Achievement and performance
The year 2020 was the year of Covid-19 pandemic and since no one had had the experience of running a church in a global pandemic time, it became challenging at first adapting to the realities we were faced with.
However, as measures were rolled out for working and public places, schools and places of worship we were able to access support, advice and encouragement from organisations we belonged and aligned with the likes of Evangelical Alliance, Action Together, Near Neighbours for Greater Together Manchester, and the Rochdale borough council. This helped us immensely to take appropriate and adequate measures to ensure we kept pursuing our purpose and mission.
Structure, governance and management
There was no changes in the composition of the board of Trustees during the year. The board of trustees sets the direction and policy framework for the Church. The board also put in place the process for reviewing, evaluating and implementing appropriate risk management framework.
Financial review
Total income during the year was £27,235 (2019: £21,734). The income increased by 25% compared to last year. The expenditure was £29, 187 (2019: £23,461). There is a 24% increase over that of last year. Overall, the Church has a reserve fund of £5,739.
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JESUS TOUCH MINISTRIES, HEYWOOD
Accounting Policies
a) Basis of accounting
The financial statements are prepared in accordance with the Charities Statement of Recommended Practice (SORP). The statement of financial activities (SOFA) is presented in columns for general fund and endowment capital, showing the net incoming resources, resources expended, and all other recognised gains and losses in the appropriate column.
The financial statements are also prepared in accordance with the historical cost convention. They comply with all applicable United Kingdom law and accounting standards.
b) Incoming resources
Donations, contributions and legacies are accounted for when entitlement has been confirmed, the amount can be measured accurately and receipt is certain.
c) Resources expended
All resources expended are accounted for on an accrual basis. Any ensuing liabilities are recognised as soon as constructive obligation arises.
d) Funds
Unrestricted funds are funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the Charity.
Restricted funds are funds which are to be used in accordance with specific instructions imposed by donors or which have been raised by the trustees’ particular purpose. The cost of raising and administering such funds are charged against specific fund.
e) Depreciation
Depreciation on fixed assets is charged so as to write off their full costs less estimated residual value over their expected useful lives at the following rates:
Computer equipment, furniture & Others 25% straight line
f) Going Concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. The Trustees have considered the impacts that the Covid-19 pandemic may have for the Charity and it is deemed that the Charity can meet its commitments and liabiities and can contiinue for the forseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
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JESUS TOUCH MINISTRIES, HEYWOOD Statements of Financial Activities for the year ended 31 December 2020
| UnrestrictedRestricted Total Fund Fund 2020 2019 Incoming resources Notes £ £ Voluntary incomes 1 27,235 0 27,235 21,734 Other income 0 0 0 Total incoming resources 27,235 0 27,235 21,734 Resources expended Church activities 2 29,187 0 29,187 23,461 Fund raising 0 0 0 0 Total resources expended 29,187 0 29,187 23,461 Net incoming/(Outgoing) resources before transfers (1,952) 0 (1,952) (1,727) Gross transfers between funds 0 0 0 0 Net incoming/(Outgoing) resourcesafter transfers and before other recognised gain/los (1,952) 0 (1,952) (1,727) Gain/(loss) on revaluation and disposal of investment assets 0 0 0 0 Net movement in funds (1,952) 0 (1,952) (1,727) Total funds b/f at 01 January 2020 7,691 0 7,691 7,691 Total funds c/f at 31 December 2020 5,739 0 5,739 5,964 |
UnrestrictedRestricted Total Fund Fund 2020 2019 £ £ 27,235 0 27,235 21,734 0 0 0 |
|---|---|
| 27,235 0 27,235 21,734 |
|
| 29,187 0 29,187 23,461 0 0 0 0 |
|
| 29,187 0 29,187 23,461 |
|
| (1,952) 0 (1,952) (1,727) |
|
| 7,691 0 7,691 7,691 |
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| 5,739 0 5,739 5,964 |
|
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JESUS TOUCH MINISTRIES, HEYWOOD Balance sheet at 31 December 2020
| Notes Fixed assets Tangible assets 3 Current assets Prepayment Cash at bank and in hand Creditors: amounts falling due within one year 4 Net current assets Total assets less current liabilities Funds of the Charity Charity fund Total Funds carried forward |
2021 2020 £ £ 189 2,147 |
|---|---|
| 5,538 4,246 737 731 |
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| 6,275 4,977 (500) (1,160) 5,775 3,817 |
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| 5,964 5,964 |
|
| 5,964 5,964 |
|
| 5,964 5,964 |
Approved by the Board of Trustees on 29 October 2021 and signed on their behalf by
Pastor Stephen Akosile Secretary, Board of Trustees
JESUS TOUCH MINISTRIES, HEYWOOD Notes to the Financial Statements for the year ended 31 December 2020
| UnrestrictedRestricted | UnrestrictedRestricted | UnrestrictedRestricted | Total | |
|---|---|---|---|---|
| Fund | Fund | 2020 | 2019 | |
| 1. Incoming resources | £ | £ | ||
| Tithes | 16,477.16 | 0.00 | 16,477.16 | 16,582.78 |
| Offering | 5,115.24 | 0.00 | 5,115.24 | 5,150.88 |
| Donation | 200.00 | 0.00 | 200.00 | 5,151.88 |
| Gift Aid Repayment | 5,442.53 | 0.00 | 5,442.53 | 0.00 |
| 27,234.93 | 0.00 | 27,234.93 | 21,733.68 | |
| 2. Resources expended | ||||
| Rent | 4,366.56 | 0.00 | 4,366.56 | 4,366.56 |
| Wages and allowance | 5,100.00 | 0.00 | 5,100.00 | 2,300.00 |
| Heating & lighting | 862.48 | 0.00 | 862.48 | 986.63 |
| Repairs and renewals | 4,435.75 | 0.00 | 4,435.75 | 1,505.46 |
| Training & subscription | 272.86 | 0.00 | 272.86 | 392.22 |
| Telephone and communicatio | 761.29 | 0.00 | 761.29 | 536.60 |
| Stationery/Admin expenses | 2,529.82 | 0.00 | 2,529.82 | 3,413.37 |
| Insurance | 0.00 | 0.00 | 0.00 | 0.00 |
| Hospitality/Welfare | 601.84 | 0.00 | 601.84 | 777.98 |
| Transport and travelling | 713.41 | 0.00 | 713.41 | 811.00 |
| Accounting/professional fee | 500.00 | 0.00 | 500.00 | 725.00 |
| Financing and bank charges | 0.00 | 0.00 | 0.00 | 14.10 |
| Depreciation | 1,958.00 | 0.00 | 1,958.00 | 1,958.00 |
| Donation to other charities | 7,085.27 | 0.00 | 7,085.27 | 5,673.83 |
| 29,187.28 | 0.00 | 29,187.28 | 23,460.75 |
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JESUS TOUCH MINISTRIES, HEYWOOD Notes to the Financial Statements for the year ended 31 December 2020
| 3. Tangible fixed assets Cost: |
Computer Equipment & Other £ |
Total £ |
|---|---|---|
| At 01 January 2020 | 7,089 | 7,089 |
| Addition | 746 | 746 |
| At 31 December 2020 | 7,835 | 7,835 |
| Depreciation: | ||
| At 01 January 2020 | 5,688 | 5,688 |
| Addition | 1,958 | 1,958 |
| At 31 December 2020 | 7,646 | 7,646 |
| Net book value: | ||
| At 01 January 2020 | 2,147 | |
| At 31 December 2020 | 189 | |
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JESUS TOUCH MINISTRIES, HEYWOOD
Notes to the Financial Statements for the year ended 31 December 2020
| 4. Creditors: amount falling due within one year Accounting services Loan |
2020 £ 500 0 500 |
|
|---|---|---|
| 2019 | ||
| £ 500 660 |
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| 1,160 | ||
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