**REGISTERED CHARITY NUMBER: 1172295** ## **REPORT OF THE TRUSTEES AND** **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 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 2023** ||**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| ## **MAJESTY CHRISTIAN CENTRE T/A MAJESTY CHAMPION CENTRE** ## **REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2023** **TRUSTEES** J Pitt S Pitt D Seales C Green (resigned 9.3.23) T Kamalachandran M M Seales (appointed 5.8.23) **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 Page 1 ## **MAJESTY CHRISTIAN CENTRE T/A MAJESTY CHAMPION CENTRE** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023** The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. 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 is involved in teaching and supporting Christian schools and education. The charity provides teaching and support ling 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 has 20 volunteers at present due to growth and additional charitable works. Page 2 ## **MAJESTY CHRISTIAN CENTRE T/A MAJESTY CHAMPION CENTRE** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023** ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable activities** We have achieved the goals set-out and maintained growth throughout 2023. This has been made possible by the investment in transitioning to the use of media platforms. Our main activities are the advancement of the Christian faith. To provide spiritual and religious worship for the local communities in Uxbridge the UK and globally. To support Christian schools and education through voluntary works. To support the education and welfare of children who have been and are being trafficked throughout the world. We have achieved our goals for 2023 due to the hard work and dedication of our volunteers. We continue to expand our media platform and onsite activities. We are discussing with the trustees changes we need to put into place for the growth and achievements of the charity. ## **FINANCIAL REVIEW** ## **Financial position** Total incoming resources for the year amounted to £111,434 (2022: £98,063). Total outgoing resources amounted to £105,504 (2022: £78,355) and the net income arising for the year amounted to £5,930 (2022: £19,708). The balance sheet confirms that all resources are represented by unrestricted funds, and those funds carried forward at 31 December 2023 amounted to £119,481 (2022: £113,551). ## **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 2023 reserves of approximately fourteen (2022: seventeen) months' expenditure 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. Page 3 ## **MAJESTY CHRISTIAN CENTRE T/A MAJESTY CHAMPION CENTRE** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023** ## **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 trustees are discussing changes to be put into place for the growth and achievements of the charity. The senior pastors will be dedicating more time in expanding the vision of MCC and in achieving its objectives 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. This is a long-term goal of the charity. ## **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. ## **Wider network** The charity is an affiliated member of The Four Square Church GB. This is a relational membership to advance the Gospel. We also link with many other Christian churches throughout the world who share the same vision and values. Approved by order of the board of trustees on 7 June 2024 and signed on its behalf by: S Pitt - Trustee Page 4 ## **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 2023. ## **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: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. 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 7 June 2024 Page 5 ## **MAJESTY CHRISTIAN CENTRE T/A MAJESTY CHAMPION CENTRE** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023** |Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**111,434**
**EXPENDITURE ON**
**Charitable activities**
2
Church
**105,185**
Other
**319**
**Total**
**105,504**
**NET INCOME**
**5,930**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**113,551**
**TOTAL FUNDS CARRIED FORWARD**
**119,481**|Restricted
funds
£
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**2023**
**Total**
**funds**
**£**
**111,434**
**105,185**
**319**
**105,504**
**5,930**
**113,551**
**119,481**|2022
Total
funds
£
98,063
78,355
-
78,355
19,708
93,843
113,551| |---|---|---|---| The notes form part of these financial statements Page 6 ## **MAJESTY CHRISTIAN CENTRE T/A MAJESTY CHAMPION CENTRE** ## **BALANCE SHEET 31 DECEMBER 2023** |Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
8
**4,750**
**CURRENT ASSETS**
Debtors
9
**16,827**
Cash at bank
**101,560**
**118,387**
**CREDITORS**
Amounts falling due within one year
10
**(3,656)**
**NET CURRENT ASSETS**
**114,731**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**119,481**
**NET ASSETS**
**119,481**
**FUNDS**
11
Unrestricted funds
**TOTAL FUNDS**|Restricted
funds
£
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**2023**
**Total**
**funds**
**£**
**4,750**
**16,827**
**101,560**
**118,387**
**(3,656)**
**114,731**
**119,481**
**119,481**
**119,481**
**119,481**|2022
Total
funds
£
8,004
12,775
96,460
109,235
(3,688)
105,547
113,551
113,551
113,551
113,551| |---|---|---|---| The financial statements were approved by the Board of Trustees and authorised for issue on 7 June 2024 and were signed on its behalf by: S Pitt - Trustee The notes form part of these financial statements Page 7 **MAJESTY CHRISTIAN CENTRE T/A MAJESTY CHAMPION CENTRE** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023** ## **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. Page 8 continued... ## **MAJESTY CHRISTIAN CENTRE T/A MAJESTY CHAMPION CENTRE** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023** |**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
**52,179**
**451**|Direct
Support
Costs (see
costs (see
note 3)
note 4)
£
£
**46,323**
**58,862**
**2023**
**£**
**10,331**
**1,635**
**282**
**10,883**
**218**
**5,408**
**16,899**
**26**
**641**
**46,323**
Governance
Other
costs
£
£
**1,887**
**4,345**|Totals
£
**105,185**
2022
£
2,744
457
604
10,265
438
4,986
2,000
140
112
21,746
Totals
£
**58,862**| |---|---|---| |||| Page 9 continued... ## **MAJESTY CHRISTIAN CENTRE T/A MAJESTY CHAMPION CENTRE** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023** ## **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|**2023**
Church
**£**
**45,431**
**405**
**254**
**308**
**1,615**
**3,921**
**245**
**451**
**568**
**979**
**340**
**4,345**
**58,862 **|2022
Total
activities
£
**43,463**
**1,152**
**305**
**793**
**1,244**
**3,754**
**154**
**504**
**686**
**880**
**155**
**3,519**
**56,609**| |---|---|---| ## **5. TRUSTEES' REMUNERATION AND BENEFITS** There was no trustees' remuneration for the year ended 31 December 2023 nor for the year ended 31 December 2022. The cost towards the provision of manse accommodation for one property which changed during the year which accommodated 2 trustees amounted to £43,731 (2022: £41,613). ## **Trustees' expenses** No expenses were reimbursed to Trustees in respect of their role as Trustees. Page 10 continued... **MAJESTY CHRISTIAN CENTRE T/A MAJESTY CHAMPION CENTRE** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023** ## **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
98,063
-
**EXPENDITURE ON**
**Charitable activities**
Church
78,355
-
**NET INCOME**
19,708
-
**RECONCILIATION OF FUNDS**
Total funds brought forward
93,843
-
**TOTAL FUNDS CARRIED FORWARD**
113,551
-|Total
funds
£
98,063
78,355
19,708
93,843
113,551| |---|---| Page 11 continued... ## **MAJESTY CHRISTIAN CENTRE T/A MAJESTY CHAMPION CENTRE** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023** ## **8. TANGIBLE FIXED ASSETS** |**COST**
At 1 January 2023
Additions
At 31 December 2023
**DEPRECIATION**
At 1 January 2023
Charge for year
At 31 December 2023
**NET BOOK VALUE**
At 31 December 2023
At 31 December 2022
**9.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
Prepayments and accrued income|Equipment
£
**27,882**
**667**
**28,549**
**19,878**
**3,921**
**23,799**
**4,750**
8,004
**2023**
2022
**£**
£
**14,449**
9,601
**2,378**
3,174
**16,827**
12,775| |---|---| Page 12 continued... ## **MAJESTY CHRISTIAN CENTRE** ## **T/A MAJESTY CHAMPION CENTRE** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023** ## **10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Trade creditors
Accrued expenses
**11.**
**MOVEMENT IN FUNDS**
At 1.1.23
£
**Unrestricted funds**
General fund
**113,551**
**TOTAL FUNDS**
**113,551**
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
**111,434**
**TOTAL FUNDS**
**111,434 **
**Comparatives for movement in funds**
At 1.1.22
£
**Unrestricted funds**
General fund
93,843
**TOTAL FUNDS**
93,843|**2023**
**£**
**1,795**
**1,861 **
**3,656**
Net
movement
in funds
£
**5,930**
**5,930**
Resources
expended
£
**(105,504)**
**(105,504)**
Net
movement
in funds
£
19,708
19,708|2022
£
2,509
1,179
3,688
At
31.12.23
£
**119,481**
**119,481**
Movement
in funds
£
**5,930**
**5,930**
At
31.12.22
£
113,551
113,551| |---|---|---| Page 13 continued... **MAJESTY CHRISTIAN CENTRE T/A MAJESTY CHAMPION CENTRE** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023** ## **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|98,063|(78,355)|19,708| |**TOTAL FUNDS**|98,063|(78,355)|19,708| A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.1.22
£
93,843
93,843|Net
movement
in funds
£
25,638
25,638|At
31.12.23
£
119,481
119,481| |---|---|---|---| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
209,497
209,497|Resources
expended
£
(183,859)
(183,859)|Movement
in funds
£
25,638
25,638| |---|---|---|---| Page 14 continued... **T/A MAJESTY CHAMPION CENTRE** ## **MAJESTY CHRISTIAN CENTRE** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023** ## **12. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 December 2023. Page 15