Charity number: 1169178 ## CITADEL OF PEACE MINISTRIES INTERNATIONAL TRUSTEES' REPORT AND ACCOUNTS For the year ended 31 March 2021 Doc ID: 0f565613c975f752068fcda599642856cbb25af3 CITADEL OF PEACE MINISTRIES INTERNATIONAL Contents Page For the year ended 31 March 2021 |Report of the Trustees|1 to 2| |---|---| |Statement of Financial Activities|3| |Statement of Financial Position|4| |Notes to the Financial Statements|5 to 8| |Detailed Statement of Financial Activities|9| Doc ID: 0f565613c975f752068fcda599642856cbb25af3 CITADEL OF PEACE MINISTRIES INTERNATIONAL Report of the Trustees For the year ended 31 March 2021 The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 March 2021. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The objectives which are for the public benefit are the advancement of the christian faith in such ways as the charity trustees may from time to time decide. ## **Statement on public benefit** The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'. ## **Volunteers** The charity has many volunteers that assist the Church in achieving its objectives. ## **FINANCIAL REVIEW** The charity reported a total income of £7,335 (2020: £1,450) and a net surplus of £1,680 (2020: (£637) ) in the year to 31 March 2021, accumulated funds were £1,384 (2020: (£296) ). ## **Reserves** The aim is to build reserves levels to approximately 3 months of unrestricted expenditure. ## **Going concern** At the time of approving the accounts, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the Trustees' continue to adopt the going concern basis of accounting in preparing the accounts. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is a CIO - Foundation registered on the 14th September 2016 and is governed by its CIO - Foundation constitution. ## **Recruitment and appointment of trustees** Trustees are elected by existing trustees in a way that serves the Charity's best interests and Trustees are made aware of the legal responsibilities they will be taking on. ## **REFERENCE AND ADMINISTRATIVE INFORMATION** **Name of Charity** CITADEL OF PEACE MINISTRIES INTERNATIONAL **Charity registration number** 1169178 **Principal address** 402 Wickham Lane LONDON SE2 0NZ ## **Trustees** The trustees and officers serving during the year and since the year end were as follows: ## **Independent examiners** Mr Anthony Samuel Mrs Bolasade Samuel Mr Kayode Saheed Mr Orhue Ajayi Mr Peter Olorunnisomo Tolu Obisesan New Bond Accountants 4a - 6a Hythe Street Dartford DA1 1BX 1 of 9 Doc ID: 0f565613c975f752068fcda599642856cbb25af3 CITADEL OF PEACE MINISTRIES INTERNATIONAL Report of the Trustees Continued For the year ended 31 March 2021 Approved by the Board of Trustees and signed on its behalf by ............................................................................. 18 January 2022 Mr Anthony Samuel 2 of 9 Doc ID: 0f565613c975f752068fcda599642856cbb25af3 ## CITADEL OF PEACE MINISTRIES INTERNATIONAL Statement of Financial Activities For the year ended 31 March 2021 |**Notes**
**Income and endowments from:**
Donations and legacies
2
**Total**
**Expenditure on:**
Charitable activities
3/4
**Total**
**Net income/expenditure**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**£**
7,335
**7,335**
)
(5,655
**)**
**(5,655**
**1,680**
)
(296
**1,384**|**2020**
**£**
1,450
**1,450**
)
(2,087
**)**
**(2,087**
**)**
**(637**
341
**)**
**(296**| |---|---|---| 3 of 9 Doc ID: 0f565613c975f752068fcda599642856cbb25af3 ## CITADEL OF PEACE MINISTRIES INTERNATIONAL Statement of Financial Position ## As at 31 March 2021 |**Notes**
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling due within one year**
10
**Net current assets**
**Total assets less current liabilities**
**Net assets**
**The funds of the charity**
Unrestricted income funds
11
**Total funds**|**£**
**2021**
1,804
**1,804**
)
(420
**1,384**
**1,384**
**1,384**
1,384
**1,384**|**£**
**2020**
4
**4**
)
(300
**)**
**(296**
**)**
**(296**
**)**
**(296**
)
(296
**)**
**(296**| |---|---|---| The financial statements were approved and authorised for issue by the Board and signed on its behalf by: Mr Anthony Samuel Trustee 18 January 2022 4 of 9 Doc ID: 0f565613c975f752068fcda599642856cbb25af3 ## CITADEL OF PEACE MINISTRIES INTERNATIONAL Notes to the Financial Statements For the year ended 31 March 2021 ## **1. Accounting Policies** ## **Basis of accounting** The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011. CITADEL OF PEACE MINISTRIES INTERNATIONAL meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). ## **Going concern** At the time of approving the accounts, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the Trustees' continue to adopt the going concern basis of accounting in preparing the accounts. ## **Funds** Fund is mainly through voluntary donations of tithes and offerings by the church members. ## **Incoming resources** All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy. ## **Resources expended** Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure. ## **Charitable activites** Charitable activities are those costs relating to activities carried out to meet the objectives of the charity and include directly attributed costs as well as support costs. ## **Allocation and appointment of costs** Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Tangible fixed assets** Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Fixtures & Equipment 25% Straight line ## **2. Income from donations and legacies** |**Unrestricted funds**
Donations received|**2021**
**£**
7,335
**7,335**|**2020**
**£**
1,450
**1,450**| |---|---|---| 5 of 9 Doc ID: 0f565613c975f752068fcda599642856cbb25af3 ## CITADEL OF PEACE MINISTRIES INTERNATIONAL Notes to the Financial Statements Continued ## For the year ended 31 March 2021 ## **3. Costs of charitable activities by fund type** |**Unrestricted funds**
Charitable Activities
Support costs
**osts of charitable activities by activity type**
**Support costs**
**Activities**
**undertaken**
**directly**
**£**
**£**
**Support costs**
Charitable Activities
935
4,720
**nalysis of support costs**
**Charitable Activities**
Management
Governance costs|**2021**
**£**
4,720
935
**5,655**
**2021**
**£**
5,655
**2021**
**£**
695
240
**935**|**2020**
**£**
135
1,952
**2,087**
**2020**
**£**
2,087
**2020**
**£**
1,444
508
**1,952**| |---|---|---| ## **4. Costs of charitable activities by activity type** ## **5. Analysis of support costs** ## **6. Net income/(expenditure) for the year** This is stated after charging/(crediting): |Depreciation of owned fixed assets
Accountancy fees
**taff costs and emoluments**
Staff|**2021**
**£**
-
240
**2021**
0
**0**|**2020**
**£**
186
300
**2020**
0
**0**| |---|---|---| ## **7. Staff costs and emoluments** 6 of 9 Doc ID: 0f565613c975f752068fcda599642856cbb25af3 ## CITADEL OF PEACE MINISTRIES INTERNATIONAL Notes to the Financial Statements Continued For the year ended 31 March 2021 ## **8. Comparative for the Statement of Financial Activities** The comparative year values on the Statement of Financial Activites are for unrestricted funds. ## **9. Tangible fixed assets** |**Cost or valuation**
At 01 April 2020
At 31 March 2021
**Depreciation**
At 01 April 2020
At 31 March 2021
**Net book values**
At 31 March 2021
At 31 March 2020|**Fixtures and**
**Fittings**
**£**
750
**750**
750
**750**
**-**| |---|---| ||**-**| ## **10. Creditors: amounts falling due within one year** |Accruals and deferred income|**2021**
**£**
420
**420**|**2020**
**£**
300
**300**| |---|---|---| ## **11. Movement in funds** ## **Unrestricted Funds** |_General_
General|**Balance at**
**01/04/2020**
**£**
)
(296
**)**
**(296**|**Incoming**
**resources**
**£**
7,335
**7,335**|**Outgoing**
**resources**
**£**
)
(5,655
**)**
**(5,655**|**Balance at**
**31/03/2021**
**£**
1,384
**1,384**| |---|---|---|---|---| 7 of 9 Doc ID: 0f565613c975f752068fcda599642856cbb25af3 ## CITADEL OF PEACE MINISTRIES INTERNATIONAL Notes to the Financial Statements Continued ## For the year ended 31 March 2021 ## **Unrestricted Funds - Previous year** |_General_
General|**Balance at**
**01/04/2019**
**£**
341
**341**|**Incoming**
**resources**
**£**
1,450
**1,450**|**Outgoing**
**resources**
**£**
)
(2,087
**)**
**(2,087**|**Balance at**
**31/03/2020**
**£**
)
(296
**)**
**(296**| |---|---|---|---|---| ## **Purpose of unrestricted Funds** ## General Unrestricted funds are available for use at the discretion of the Committee in furtherance of their charitable objectives unless the funds have been designated for other purposes. ## **12. Analysis of net assets between funds** |**Unrestricted funds**
_General_
General
**Previous year**
**Unrestricted funds**
_General_
General|**Tangible fixed**
**assets**
**Net current**
**assets /**
**(liabilities)**
**Net Assets**
**£**
**£**
**£**
-
1,384
1,384
**-**
**1,384**
**1,384**
**Tangible fixed**
**assets**
**Net current**
**assets /**
**(liabilities)**
**Net Assets**
**£**
**£**
**£**
-
)
(296
)
(296
**-**
**)**
**(296**
**)**
**(296**| |---|---| 8 of 9 Doc ID: 0f565613c975f752068fcda599642856cbb25af3 ## CITADEL OF PEACE MINISTRIES INTERNATIONAL Detailed Statement of Financial Activities For the year ended 31 March 2021 |**INCOME AND ENDOWMENT**
**Donations and legacies**
Donations
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Welfare & Hospitality
Conference & Programmes
**SUPPORT COSTS**
**Management**
Depreciation - Owned Assets
Transport
Premises Cost
Print, Postage & Stationery
Bank Charges
**Governance costs**
Accountancy Fees
Other Office Costs
**Total resources expended**
**Net Income**|**£**
**2021**
7,335
**7,335**
**7,335**
)
(300
)
(4,420
**)**
**(4,720**
-
-
-
)
(695
-
**)**
**(695**
)
(240
-
**)**
**(240**
**)**
**(5,655**
**1,680**|**£**
**2020**
1,450
**1,450**| |---|---|---| |||**1,450**
)
(135
-
**)**
**(135**
)
(186
)
(194
)
(833
)
(55
)
(176
**)**
**(1,444**
)
(300
)
(208
**)**
**(508**| |||**)**
**(2,087**
**)**
**(637**| 9 of 9 Doc ID: 0f565613c975f752068fcda599642856cbb25af3 This page does not form part of the statutory financial statements