## **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**|
**1**
## **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:
**3**
## **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
**5**
## **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.
**6**