2020-12-31-accounts

JESUS FAMILY CHAPEL INTL

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[st ] December 2020

CHARITY NUMBER: 1171926

JESUS FAMILY CHAPEL INTL 369 HIGH STREET TUNSTALL STOKE ON TRENT ST6 5EN

INDEX Index Trustee’s Report Receipts and Payments Account Statement of Assets and Liabilities Notes on the fnancial Statements	Page
	1 2 - 3 4 5 6

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JESUS FAMILY CHAPEL INTL

TRUSTEES’ REPORT YEAR ENDED 31[st] DECEMBER 2020

The trustees are pleased to present their report for the year ended 31[ST] December 2020 for the charity, Jesus Family Chapel Intl with charity number 1171926.

The Trustees of the Pastor Joseph charity are: William Mr Kwame Adusah Mr Eric Dwumfour

The principal address of the charity is: 369 High Street Tunstall Stoke on Trent ST6 5EN

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Charity governing document is a CIO – Foundation Constitution registered 7[TH] March 2017. 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.

OBJECTIVES AND ACTIVITIES

The Objects of the organisation are first to advance the Christian faith in accordance with the statement of beliefs for the benefit in the United Kingdom and in such other parts of the world as the trustees may think 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.

ACHIEVMENTS AND PERFORMANCE

The Organisation held successful meetings through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. The organisation held several conferences during the year in which individuals came from all around the community to attend. This has produced good results in reaching and helping members of the community. The organisation also airs its sermons on the Faith Christian television that airs all over the country.

FINANCIAL REVIEW

The income of the charity is above £9160. Though this is a small amount for the year the costs have been well managed over this period. The organisation is still in a good position to manage its costs. The main cost of the organisation was paying for the rent of its building that it uses for worship services and church office rent as well as purchase food items and blanket for rough sleepers and homeless in its environment

PLANS FOR THE FUTURE

The church intends to continue to host its regular television programmes on Faith TV. The intended re-appointment of our present independent examiner at the upcoming trustee meeting is expected to support the financial operations by making it more effective.

RESERVE POLICY

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.

RISK MANAGEMENT

The charity have assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.

TRUSTEE RESPONSIBILITIES

Under the Charities Act 2011,the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:

1. Select suitable accounting policies and apply them consistently.

2. Make judgements and estimates that are reasonable and prudent.

3. State whether the applicable accounting standards have been followed.

4. Prepare financial statements on an ongoing basis.

They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.

Approved by the Trustees on 1[st] April 2021 and signed on their behalf by:

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JESUS FAMILY CHAPEL INTL ACCOUNTS FOR THE YEAR ENDED 31st December 2020

1	Receipts & Payments Account (General Purpose Fund) Income Receipts £/2020 £/2019 Tithes and Oferings 0 Interest National Lottery Award Grant £9160 Total Receipts 9160 6234 Direct Charitable Expenditure Hall Rent 2775 2305 Welfare 2745 645 Stationary & Bibles 0 0 Advert 320 320 Mission 0 0 Admin 500 400 Professional fees 740 640 Transport 200 0 Travel 0 0 Repairs 308 308 Security 600 600 Telephone & Internet 300 116 Charity donations 390 390 8878 6194 Other Expenditure Equipment 45 25 Instruments 0 0 Fixtures 635 580	Receipts & Payments Account (General Purpose Fund) Income Receipts £/2020 £/2019 Tithes and Oferings 0 Interest National Lottery Award Grant £9160 Total Receipts 9160 6234 Direct Charitable Expenditure Hall Rent 2775 2305 Welfare 2745 645 Stationary & Bibles 0 0 Advert 320 320 Mission 0 0 Admin 500 400 Professional fees 740 640 Transport 200 0 Travel 0 0 Repairs 308 308 Security 600 600 Telephone & Internet 300 116 Charity donations 390 390 8878 6194 Other Expenditure Equipment 45 25 Instruments 0 0 Fixtures 635 580
		9160 6234
		2775 2305 2745 645 0 0 320 320 0 0 500 400 740 640 200 0 0 0 308 308 600 600 300 116 390 390
		8878 6194 45 25 0 0 635 580
	Total Payments Net Receipts/(Payments) for the year Cash Funds brought forward Cash Funds at the end of the year	680 605 9558 6799 -398 -565 1293 1858
		895 1293

JESUS FAMILY CHAPEL INTL

2	Statements of Assets and Liabilities at 31st	Statements of Assets and Liabilities at 31st
	December 2020 Monetary Assets
	Cash Funds	Unrestricted Funds
		£/2020	£/2019
	Cash at hand and in bank	895	1293
	Total Cash Funds	895	1293
	Assets Retained for
	the Charity's Own
	use
	Non-monetary Assets and	463	463
	Liabilities
	Musical Instruments
	Equipments	356	356
	Fixtures & Fittings	1250	124
			0
		2069	2059
	Liabilities
	Bookkeeping	120	120

These accounts were approved by the trustees and signed on their behalf by: Pastor Joseph William

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JESUS FAMILY CHAPEL INTL

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31st December 2020

ACCOUNTING POLICIES

Basis of Accounting

These accounts have been prepared on the receipts and payments basis with all revenue and expenses shown on a cash basis. Non-monetary assets are shown at estimates of the value at the end of the year.

Funds

The CIO has a general unrestricted fund that receives voluntary donations from attendants at the services.

The CIO has no outstanding guarantees to third parties no any debts secured on the asstes of the CIO

Public Benefit

The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or aims that are for public benefit.Details of how this is achieved are provided in the Trustees report. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.

Depreciation

Depreciation is calculated at 20 % reducing balance method.

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