REGISTERED CHARITY NUMBER: 1172295
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
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 2022
| 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 2022
TRUSTEES J Pitt M Hyndman (resigned 30.4.22) S Pitt V Khutan (resigned 1.12.22) D Seales (appointed 9.12.22) C Green (appointed 25.11.22) (resigned 9.3.23) T Kamalachandran (appointed 8.12.22) 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 2022
The trustees present their report with the financial statements of the charity for the year ended 31 December 2022. 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 provides training for individuals, congregations, ministers, pastors and itinerant ministries. The charity also provides counselling services for bereavement, divorce, sickness, and finance issues. The charity also produces Christian music through various media platforms.
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 15 volunteers during the financial year.
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MAJESTY CHRISTIAN CENTRE T/A MAJESTY CHAMPION CENTRE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During 2022 the charity continued to undertake its activities, working towards the goals set-out and maintained growth throughout 2022. This has been made possible by investment in transitioning to the use of media platforms.
Our main activities towards the advancement of the Christian faith included regular religious worship; prayer meetings and study groups.
The charity continued to provide counselling services, and offer care and food supplies to the needy.
FINANCIAL REVIEW
Financial position
Total incoming resources for the year amounted to £98,063 (2021: £88,419).
Total outgoing resources amounted to £78,355 (2021: £61,213) and the net income arising for the year amounted to £19,708 (2021: £27,206).
The balance sheet confirms that all resources are represented by unrestricted funds, and those funds carried forward at 31 December 2022 amounted to £113,551 (2021: £93,843).
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.
At 31 December 2022 reserves of approximately seventeen months expenditure of an average year were held. The trustees are in dialogue with Stewardship Services over bringing about changes to the charity governing document and establishing a building fund towards the purchase of a building in which to undertake its charitable activities for the public benefit. This will be develop further over the coming year.
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.
FUTURE PLANS
The trustees aim to continue to increase the scope of its current activities within the local community, and to help more people through its services.
The charity is seeking to raise additional funds to purchase a building in the future from which it can operate to provide services to the community.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a Foundation CIO Constitution.
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MAJESTY CHRISTIAN CENTRE T/A MAJESTY CHAMPION CENTRE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
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.
Wider network
The charity is an affiliated member of The Four Square Church GB. This is a relational membership to advance the Gospel.
Approved by order of the board of trustees on 4 July 2023 and signed on its behalf by:
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 2022.
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
-
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
AJM Accountancy & Taxation Ltd 21 Goldings Close Kings Hill West Malling Kent ME19 4BE
4 July 2023
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MAJESTY CHRISTIAN CENTRE T/A MAJESTY CHAMPION CENTRE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022
| 2022 Unrestricted Restricted Total fund funds funds Notes £ £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 98,063 - 98,063 EXPENDITURE ON Charitable activities 2 Church 78,355 - 78,355 NET INCOME 19,708 - 19,708 RECONCILIATION OF FUNDS Total funds brought forward 93,843 - 93,843 TOTAL FUNDS CARRIED FORWARD 113,551 - 113,551 |
2021 Total funds £ 88,419 |
|---|---|
| 61,213 | |
| 27,206 66,637 |
|
| 93,843 |
The notes form part of these financial statements
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MAJESTY CHRISTIAN CENTRE T/A MAJESTY CHAMPION CENTRE
BALANCE SHEET 31 DECEMBER 2022
| Unrestricted Restricted fund funds Notes £ £ FIXED ASSETS Tangible assets 8 8,004 - CURRENT ASSETS Debtors 9 12,775 - Cash at bank 96,460 - 109,235 - CREDITORS Amounts falling due within one year 10 (3,688) - NET CURRENT ASSETS 105,547 - TOTAL ASSETS LESS CURRENT LIABILITIES 113,551 - NET ASSETS 113,551 - FUNDS 11 Unrestricted funds TOTAL FUNDS |
2022 Total funds £ 8,004 12,775 96,460 109,235 (3,688) 105,547 113,551 113,551 113,551 113,551 |
2021 Total funds £ 3,985 20,468 71,983 92,451 (2,593) 89,858 93,843 93,843 93,843 93,843 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 4 July 2023 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 2022
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 2022
2. CHARITABLE ACTIVITIES COSTS
| 2. CHARITABLE ACTIVITIES COSTS |
|||
|---|---|---|---|
| Church 3. DIRECT COSTS OF CHARITABLE ACTIVITIES Visiting speakers Bibles & books Conferences Venue hire Ministry gifts Food & hospitality for events Donations Outreach expenses Youth & children's work 4. SUPPORT COSTS Management Finance £ £ Church 50,865 504 |
Direct Support Costs (see costs (see note 3) note 4) £ £ 21,746 56,609 2022 £ 2,744 457 604 10,265 438 4,986 2,000 140 112 21,746 Governance Other costs £ £ 1,721 3,519 |
Totals £ 78,355 |
|
| 2021 £ 2,391 104 395 5,440 150 2,016 2,212 64 38 |
|||
| 12,810 | |||
| Totals £ 56,609 |
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MAJESTY CHRISTIAN CENTRE T/A MAJESTY CHAMPION CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
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 |
2022 Church £ 43,463 1,152 305 793 1,244 3,754 154 504 686 880 155 3,519 56,609 |
2021 Total activities £ 39,248 360 116 911 858 2,064 149 290 753 771 340 2,543 48,403 |
|---|---|---|
5. TRUSTEES' REMUNERATION AND BENEFITS
There was no trustees' remuneration for the year ended 31 December 2022 nor for the year ended 31 December 2021.
The cost towards the provision of manse accommodation for one property which changed during the year which accommodated 2 (previously 3) trustees amounted to £41,613 (2021: £39.248). Costs in relation to relocation in respect of the above accommodation in relation to 2 trustees amounted to £3,315.
Trustees' expenses
No expenses were reimbursed to Trustees in respect of their role as Trustees.
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MAJESTY CHRISTIAN CENTRE T/A MAJESTY CHAMPION CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
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 88,214 205 EXPENDITURE ON Charitable activities Church 61,008 205 NET INCOME 27,206 - RECONCILIATION OF FUNDS Total funds brought forward 66,637 - TOTAL FUNDS CARRIED FORWARD 93,843 - |
Total funds £ 88,419 |
|---|---|
| 61,213 | |
| 27,206 66,637 |
|
| 93,843 |
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MAJESTY CHRISTIAN CENTRE T/A MAJESTY CHAMPION CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
8. TANGIBLE FIXED ASSETS
| COST At 1 January 2022 Additions At 31 December 2022 DEPRECIATION At 1 January 2022 Charge for year At 31 December 2022 NET BOOK VALUE At 31 December 2022 At 31 December 2021 9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Other debtors Prepayments and accrued income |
Equipment £ 20,109 7,773 27,882 16,124 3,754 19,878 8,004 3,985 2022 2021 £ £ - 18 9,601 17,305 3,174 3,145 12,775 20,468 |
|---|---|
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MAJESTY CHRISTIAN CENTRE T/A MAJESTY CHAMPION CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| Trade creditors | 2,509 | 1,425 | |||
| Accrued expenses | 1,179 | 1,168 | |||
| 3,688 | 2,593 | ||||
| 11. | MOVEMENT IN FUNDS | ||||
| Net | |||||
| movement | At | ||||
| At | 1.1.22 | in funds | 31.12.22 | ||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 93,843 | 19,708 | 113,551 | ||
| TOTAL FUNDS | 93,843 | 19,708 | 113,551 | ||
| Net movement in funds, included in the above are as follows: | |||||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 98,063 | (78,355) | 19,708 | ||
| TOTAL FUNDS | 98,063 | (78,355) | 19,708 | ||
| Comparatives for movement in funds | |||||
| Net | |||||
| movement | At | ||||
| At | 1.1.21 | in funds | 31.12.21 | ||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 66,637 | 27,206 | 93,843 | ||
| TOTAL FUNDS | 66,637 | 27,206 | 93,843 |
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MAJESTY CHRISTIAN CENTRE T/A MAJESTY CHAMPION CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
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 | 88,214 | (61,008) | 27,206 |
| Restricted funds | |||
| Visiting speaker | 205 | (205) | - |
| TOTAL FUNDS | 88,419 | (61,213) | 27,206 |
| A current year 12 months and prior year 12 months combined position is as follows: | |||
| Net | |||
| movement | At | ||
| At 1.1.21 | in funds | 31.12.22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 66,637 | 46,914 | 113,551 |
| TOTAL FUNDS | 66,637 | 46,914 | 113,551 |
| A current year 12 months and prior year | 12 months combined net movement in funds, include | ||
| in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 186,277 | (139,363) | 46,914 |
| Restricted funds | |||
| Visiting speaker | 205 | (205) | - |
| TOTAL FUNDS | 186,482 | (139,568) | 46,914 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
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MAJESTY CHRISTIAN CENTRE T/A MAJESTY CHAMPION CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2022.
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MAJESTY CHRISTIAN CENTRE T/A MAJESTY CHAMPION CENTRE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022
| INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid Total incoming resources EXPENDITURE Charitable activities Visiting speakers Bibles & books Conferences Venue hire Ministry gifts Food & hospitality for events Donations Outreach expenses Youth & children's work Support costs Management Premises costs Audio & technical Printing, postage & stationery Computer costs Motor & travelling expenses Depreciation of equipment Bank charges Finance Insurance |
2022 £ 81,849 16,214 98,063 98,063 2,744 457 604 10,265 438 4,986 2,000 140 112 21,746 43,463 1,152 305 793 1,244 3,754 154 50,865 504 |
2021 £ 71,949 16,470 |
|---|---|---|
| 88,419 | ||
| 88,419 2,391 104 395 5,440 150 2,016 2,212 64 38 |
||
| 12,810 39,248 360 116 911 858 2,064 149 |
||
| 43,706 290 |
This page does not form part of the statutory financial statements
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MAJESTY CHRISTIAN CENTRE T/A MAJESTY CHAMPION CENTRE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022 |
||
|---|---|---|
| Finance Other Advertising and marketing Office expenses Sundries Governance costs Accountancy and legal fees Total resources expended Net income |
2022 £ 686 880 155 1,721 3,519 78,355 19,708 |
2021 £ 753 771 340 |
| 1,864 2,543 |
||
| 61,213 | ||
| 27,206 |
This page does not form part of the statutory financial statements
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