REGISTERED CHARITY NUMBER: 1172295
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
FOR
MAJESTY CHRISTIAN CENTRE T/A MAJESTY CHAMPION CENTRE
AJM Accountancy & Taxation Ltd 21 Goldings Close Kings Hill West Malling Kent ME19 4BE
MAJESTY CHRISTIAN CENTRE T/A MAJESTY CHAMPION CENTRE
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Report of the Trustees | 2 to 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 to 15 |
| Detailed Statement of Financial Activities | 16 to 17 |
MAJESTY CHRISTIAN CENTRE T/A MAJESTY CHAMPION CENTRE
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2020
TRUSTEES Mrs J Pitt M Hyndman Pastor S Pitt V Khutan PRINCIPAL ADDRESS Bucks New University 106 Oxford Road Uxbridge Slough Greater London UB8 1NA REGISTERED CHARITY 1172295 NUMBER INDEPENDENT EXAMINER AJM Accountancy & Taxation Ltd 21 Goldings Close Kings Hill West Malling Kent ME19 4BE BANKERS Barclays Bank PLC Uxbridge Leicestershire LE87 2BB
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MAJESTY CHRISTIAN CENTRE T/A MAJESTY CHAMPION CENTRE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020
The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. 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 Republic of Ireland (FRS 102) (effective 1 January 2019).
Majesty Christian Centre, which is also known as Majesty Champion Centre, was formed as a Charitable Incorporated Organisation (CIO) on 28 March 2017 under its Foundation Constitution.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the CIO are, for the public benefit, the advancement of the Christian faith in Uxbridge, Middlesex and such other parts of the United Kingdom and the world as the Charity Trustees may from time to time decide.
Significant activities
Majesty Christian Centre is a local Apostolic church in Uxbridge, serving the local community and Christians. In order to fulfil its purposes, the charity runs activities and services for the advancement of the Christian faith according to the doctrine of the Holy Bible. The charity also provides counselling services for bereavement, divorce, sickness, and finance issues.
Public benefit
The trustees have given careful consideration to the guidance issued by the Charity Commission on public benefit in setting the objectives and planning the activities of the CIO.
The CIO operates for the public benefit as it provides spiritual and religious worship for the local communities in Uxbridge and surrounding areas, as well as providing community outreach projects together with training and development for the wider community. The counselling ministry seeks to provide support and encouragement for those in need in the community.
The services of the church are open to everyone. Community outreach projects are decided by the trustees on the basis of the needs highlighted by Church members and the local community.
Volunteers
All the trustees of the CIO are volunteers and members of the church assist in activities in the capacity as volunteers. The charity had an average of 4 volunteers during the financial year, which was reduced due to the impact of Covid-19.
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MAJESTY CHRISTIAN CENTRE T/A MAJESTY CHAMPION CENTRE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020
ACHIEVEMENT AND PERFORMANCE
Charitable activities
In the early part of 2020, the charity's activities included regular religious worship; prayer meetings; study groups, training and teaching to other Christian churches and ministries in respect of church leadership and team building for the advancement of the Christian faith according to the doctrine of the Holy Bible. These activities were carried out at various locations that are hired around the town on different days of the week. The charity provided counselling services to members of the local communities for bereavement, divorce, sickness, and financial issues.
However, from March 2020, restrictions were introduced due to Covid-19, and physical meetings were not permitted, but we quickly adapted the way we operated so we could still carry out and achieve our objectives. We managed to live stream on multiple days of the week. Through live streaming it has been possible to connect to both our local communities in their homes and to other communities around the UK.
We were able to deliver local food parcels to those who could not get out of their homes due to Covid-19.
FINANCIAL REVIEW
Financial position
Total incoming resources for the year amounted to £78,207 (2019: £74,514).
Total outgoing resources amounted to £55,652 (2019: £78,023) and the net income arising for the year amounted to £22,555 (2019: net expenditure of £3,509.)
During the year there was no restricted fund income or expenditure. There are no restricted funds held at 31 December 2020.
The balance sheet confirms that all resources are represented by unrestricted funds, and those funds carried forward at 31 December 2020 amounted to £66,637 (2019: £44,082.)
Principal funding sources
The charity is financed largely by voluntary donations and claims Gift Aid from HMRC on eligible donations.
Reserves policy
The charity wishes to maintain sufficient reserves to cover a minimum of six month's expenditure.
Expenditure during 2020 was lower than in previous years as a result of reduced charitable activities caused by the impact of Covid-19. At 31 December 2020 reserves of approximately ten months expenditure of an average year were held (representing fourteen months expenditure of the Covid-19 impacted year of 2020). As restrictions are expected to ease during 2021, the charity will look to be using reserves on activities in accordance with its charitable objectives in order to bring the level of reserves closer to the minimum sufficient level above.
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MAJESTY CHRISTIAN CENTRE T/A MAJESTY CHAMPION CENTRE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020
FINANCIAL REVIEW
Going concern
The trustees have prepared the accounts on the going concern basis and have considered the financial position of the charity for a full 12 months from the date of signing of the accounts.
The trustees have considered the ongoing impact on the charity of Covid-19. As noted above, expenditure has reduced due to restrictions on physical meetings during the pandemic. However, income has been sustained, which has supplemented the charity reserves. The trustees note it is important for the charity to continue its work in the advancement of the Christian faith and has adapted to do so within the current restrictions.
FUTURE PLANS
The charity intends to reestablish its physical meetings as restrictions are eased, whilst continuing to deliver digital services. The trustees aim to continue to increase the scope of its current activities within the local community, and to help more people through its counselling services.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a Foundation CIO Constitution.
Recruitment and appointment of new trustees
Every trustee must be appointed by a resolution passed at a properly convened meeting of the trustees.
In selecting individuals for appointment as trustees, the existing trustees have regard to the skills, knowledge and experience needed for the effective administration of the CIO. All trustees must subscribe and adhere to, in belief and lifestyle, the Statement of Faith.
The spiritual government and leadership of the Church Fellowship for the purposes of which the CIO has been established shall remain with the Spiritual Leadership and to the extent to which the trustees are not synonymous with the Spiritual Leadership their powers shall be confined to the proper management and administration of the CIO in accordance with the provisions of this Constitution and in furtherance of the Objects and in so doing they shall have full and proper regard to the Spiritual Leadership provided always that they shall not act outside their powers as conferred by this Constitution and by general law.
Approved by order of the board of trustees on 1 June 2021 and signed on its behalf by:
Pastor S Pitt - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MAJESTY CHRISTIAN CENTRE
Independent examiner's report to the trustees of Majesty Christian Centre
I report to the charity trustees on my examination of the accounts of Majesty Christian Centre (the Trust) for the year ended 31 December 2020.
Responsibilities and basis of report
As the charity trustees of the Trust 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 Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all 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:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
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the accounts do not comply with the applicable 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.
Andrew James Martin FCA Chartered Accountant ICAEW AJM Accountancy & Taxation Ltd 21 Goldings Close Kings Hill West Malling Kent ME19 4BE
1 June 2021
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MAJESTY CHRISTIAN CENTRE T/A MAJESTY CHAMPION CENTRE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020
| 2020 Unrestricted Restricted Total fund funds funds Notes £ £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 78,207 - 78,207 EXPENDITURE ON Charitable activities 2 Church 55,652 - 55,652 NET INCOME/(EXPENDITURE) 22,555 - 22,555 RECONCILIATION OF FUNDS Total funds brought forward 44,082 - 44,082 TOTAL FUNDS CARRIED FORWARD 66,637 - 66,637 |
2019 Total funds £ 74,514 78,023 (3,509) 47,591 44,082 |
|---|---|
The notes form part of these financial statements
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MAJESTY CHRISTIAN CENTRE T/A MAJESTY CHAMPION CENTRE
BALANCE SHEET 31 DECEMBER 2020
| Unrestricted Restricted fund funds Notes £ £ FIXED ASSETS Tangible assets 8 4,593 - CURRENT ASSETS Debtors 9 22,685 - Cash at bank 40,925 - 63,610 - CREDITORS Amounts falling due within one year 10 (1,566) - NET CURRENT ASSETS 62,044 - TOTAL ASSETS LESS CURRENT LIABILITIES 66,637 - NET ASSETS 66,637 - FUNDS 11 Unrestricted funds TOTAL FUNDS |
2020 Total funds £ 4,593 22,685 40,925 63,610 (1,566) 62,044 66,637 66,637 66,637 66,637 |
2019 Total funds £ 5,138 14,789 29,696 44,485 (5,541) 38,944 44,082 44,082 44,082 44,082 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 1 June 2021 and were signed on its behalf by:
S Pitt - Trustee
The notes form part of these financial statements
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MAJESTY CHRISTIAN CENTRE T/A MAJESTY CHAMPION CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared 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' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 25% on cost
Taxation
The charity is exempt from tax on its charitable activities.
Value added tax (VAT) is not recoverable by the charity and, as such, any VAT incurred is included in the relevant expenditure category.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
The restricted fund "Visiting speaker" represents funds used for a specific gift received and paid in respect of a visiting speaker to the church.
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MAJESTY CHRISTIAN CENTRE T/A MAJESTY CHAMPION CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
2. CHARITABLE ACTIVITIES COSTS
| 2. CHARITABLE ACTIVITIES COSTS |
|
|---|---|
| Direct Support Costs (see costs (see note 3) note 4) £ £ Church 8,700 46,952 3. DIRECT COSTS OF CHARITABLE ACTIVITIES 2020 £ Visiting speakers 1,500 Bibles & books 99 Conferences 161 Venue hire 4,089 Ministry gifts 531 Food & hospitality for events 864 Donations 1,308 Outreach expenses 74 Youth & children's work 74 8,700 4. SUPPORT COSTS Governance Management Finance Other costs £ £ £ £ Church 42,625 413 1,459 2,455 |
Totals £ 55,652 |
| 2019 £ 4,335 121 1,152 15,336 251 1,892 3,194 142 111 |
|
| 26,534 | |
| Totals £ 46,952 |
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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
4. SUPPORT COSTS - continued
Support costs, included in the above, are as follows:
| Premises costs Audio & technical Printing, postage & stationery Computer costs Motor & travelling expenses Depreciation of tangible and heritage assets Interest payable and similar charges Insurance Advertising and marketing Office expenses Sundries Accountancy and legal fees |
2020 Church £ 36,117 211 81 508 804 4,664 240 413 249 782 428 2,455 46,952 |
2019 Total activities £ 41,559 215 243 420 1,655 3,217 34 400 230 664 697 2,155 51,489 |
|---|---|---|
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.
Trustees' expenses
The following Trustees' expenses were reimbursed totalling £2,468 during the period in respect of 3 trustees as follows:
Conferences and training of £161, motor & travel expenses of £1,089, books of £72, telephone & communications costs of £776, food & refreshments of £370.
In addition to the above, the cost towards the provision of manse accommodation costs for one property which accommodates 3 trustees amounted to £39,332.
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MAJESTY CHRISTIAN CENTRE T/A MAJESTY CHAMPION CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
6. STAFF COSTS
The average monthly number of employees during the period was nil.
No employees received emoluments in excess of £60,000.
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted Restricted fund funds £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 73,244 1,270 EXPENDITURE ON Charitable activities Church 76,753 1,270 NET INCOME/(EXPENDITURE) (3,509) - RECONCILIATION OF FUNDS Total funds brought forward 47,591 - TOTAL FUNDS CARRIED FORWARD 44,082 - |
Total funds £ 74,514 78,023 (3,509) 47,591 44,082 |
|---|---|
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MAJESTY CHRISTIAN CENTRE T/A MAJESTY CHAMPION CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
8. TANGIBLE FIXED ASSETS
| COST At 1 January 2020 Additions At 31 December 2020 DEPRECIATION At 1 January 2020 Charge for year At 31 December 2020 NET BOOK VALUE At 31 December 2020 At 31 December 2019 9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors Prepayments and accrued income |
Equipment £ 14,535 4,119 18,654 9,397 4,664 14,061 4,593 5,138 2020 2019 £ £ 19,595 14,789 3,090 - 22,685 14,789 |
|---|---|
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MAJESTY CHRISTIAN CENTRE T/A MAJESTY CHAMPION CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| Trade creditors | 311 | 3,720 | |||
| Accrued expenses | 1,255 | 1,821 | |||
| 1,566 | 5,541 | ||||
| 11. | MOVEMENT IN FUNDS | ||||
| Net | |||||
| movement | At | ||||
| At | 1.1.20 | in funds | 31.12.20 | ||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 44,082 | 22,555 | 66,637 | ||
| TOTAL FUNDS | 44,082 | 22,555 | 66,637 | ||
| Net movement in funds, included in the above are as follows: | |||||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 78,207 | (55,652) | 22,555 | ||
| TOTAL FUNDS | 78,207 | (55,652) | 22,555 | ||
| Comparatives for movement in funds | |||||
| Net | |||||
| movement | At | ||||
| At | 1.1.19 | in funds | 31.12.19 | ||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 47,591 | (3,509) | 44,082 | ||
| TOTAL FUNDS | 47,591 | (3,509) | 44,082 |
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MAJESTY CHRISTIAN CENTRE T/A MAJESTY CHAMPION CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
11. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement |
|---|---|---|
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 73,244 |
(76,753) | (3,509) |
| Restricted funds | ||
| Benevolent fund 1,270 |
(1,270) | - |
| TOTAL FUNDS 74,514 |
(78,023) | (3,509) |
| A current year 12 months and prior year 12 months combined position | is as follows: | |
| Net | ||
| movement | At | |
| At 1.1.19 | in funds | 31.12.20 |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 47,591 |
19,046 | 66,637 |
| TOTAL FUNDS 47,591 |
19,046 | 66,637 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 151,451 | (132,405) | 19,046 |
| Restricted funds | |||
| Benevolent fund | 1,270 | (1,270) | - |
| TOTAL FUNDS | 152,721 | (133,675) | 19,046 |
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MAJESTY CHRISTIAN CENTRE T/A MAJESTY CHAMPION CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2020.
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