2021-03-31-accounts - Christ Intimate Church

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Statement of Financial Activities Ending on 31 March 2021

Christ Intimate Church with Charity Registration: 1174305

1. Trustees Report

The Trustees present their report and accounts for accounting year ending on 31 March

The trustees report that the financial at year end 31 March 2021 brought growth and

expansion of our services to the community and members.

Principal activity:

The trust core principal activity is ‘Christ Centred Church’ undertakings and secondly

activities are services to humanity and general local community.

During the year prayers and teaching conferences were organised on a regular basis and attendance to these conferences were very good. We also provided training seminars for teachers and volunteers of our Sunday schools.

We are ever prepared to expand scope of consideration, offer training and education to

volunteers where needed, however our objectives are constraint by financial resources

available. We met all planned objectives and operations especially maintaining and

increasing our membership numbers.

1.1 Source of Financing and allocation of funding

The level of finances for the year ended 31 March 2021 was stable. The income level was not

too different from projected income and for this very reason we would like to express our

sincere gratitude to Christ Intimate Church members for their generous donations and

contributions which has mainly been sole funding of our programmes. We received donations of £9,625.00, thus an increase of £2941.00 from previous year. Christ Intimate

Church cost was £9387.00 an increase of £3,138.00 from previous year of £6249.00 . Subject to availability of financial resources, present youth and anti-gang programmes would

continue as part of our overall community committee. In conclusion, it was a very successful year, praise be to God.

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2019-2020 2020-2021
Income 6684 9,625.67
Expenses 6249 9387
Surplus 435 238
Surplus brought forward 2405 2840
Unrestricted Reserves 2840 3078
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Christ Intmate Church

Statement of Financial Activities Ending on 31 March 2021

Christ Intimate Church with Charity Registration: 1174305

Respective responsibilities of trustees and examiner

As described on the balance sheet the Trustees of Christ Intimate Church are responsible for the preparation of the accounts for the year ended 31 March 2021, set out on pages below and the Trustees consider that the church is exempt from an audit requirement of section 43 (2) of the Charities Act 1993 (the Act). In accordance with Trustees of Christ Intimate Church instructions, we have compiled these unaudited accounts to assist Trustees of Christ Intimate Church to fulfil its statutory responsibilities, from the accounting records, information and explanations made available to us including incomplete records leading to extensive reconciliations to derive prudent and reasonable amounts.

Basis of independent examiner's report Our examination was carried out in accordance with the General Direction given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees on any such matters. The procedures undertaken do not provide all the evidence that would be required by an audit, and consequently, we do not express an audit opinion on the view given by the accounts.

Independent examiner's statement

In accordance with our examination, no matter has come to our attention:

(1) Which gives us reasonable cause to believe that in any material respect the

requirements:

(a) To keep accounting records in accordance with section 41 of the Act: and

(b) To prepare accounts which accord with the accounting records and to comply with the

accounting requirements of the Act have not been met, or

(2) To which, in our opinion, attention should be drawn to enable a proper understanding of the accounting to be reached.

Christ Intmate Church

Statement of Financial Activities Ending on 31 March 2021

Christ Intimate Church with Charity Registration: 1174305

Christ Intimate Church Annual Report - Year Ended 31 March 2021

3.1 Scope of Operation and Undertaken Activities

The Trustees report that the financial year ended 31 March 2021 continued to bring new challenges for the organisation.

In line with our Christian ethos, during the year, various teaching and prayer seminars were

organised on regular basis. Again, the attendances to these activities have continued to increase especially in the areas of helping the youth to desist from joining ‘Gangs’ in favour of living a Christ centred life.

3.2 Income and Expenditure Summary as at 31 March 2021

activities. There are no recognised gains or losses for the year above other than included in

the above statement of financial activities. The notes from pages 7 to 8 form part of these

accounts. Christ Intimate Church performance statement above and the Balance Sheet

below is reflection of true and fair view of the trust position as at 31 March 2021.

Christ Intimate Church

Statement of Financial Activities Ending on 31 March 2021 Christ Intimate Church with Charity Registration: 1174305

3.3 Statement of Position (Balance Sheet) as at 31 March 2021

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2019-2020 2020-2021
Assets 3072 4550
Current Assets
Cash at Bank and in Hand 294 2,564
Current Liabilities
Trading Creditors 526 4036
Net Current Assets (232) (1472)
Total Net Asset 2840 3078
Reserves
Unrestricted Reserves 2840 3078
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Christ Intimate Church

Statement of Financial Activities Ending on 31 March 2021

Christ Intimate Church with Charity Registration: 1174305

Notes to the accounts: Year ended 31 March 2021

4.1 Accounting Policies

4.1.1 Basis of measurement and preparation of accounts

The financial statements have been prepared under the historical cost convention and in

accordance

with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

The financial statement reflects the requirements of the revised Statement of

Recommended

Practice 'Accounting for Charities' (SORP). The charity complied with Best practice at the

time of preparing these accounts.

4.1.2 Tangible Fixed Assets depreciation policy

All fixed Assets are capitalised after taking account of any grants receivable (if any), at the

following annual rates in order to write off each asset over its estimated useful life. The

charge for

depreciation is calculated to write-off the costs of fixed assets are capitalised over their

usefulness on the following bases:

Equipment 25% on Net Book Value (reducing balancing capitalising method)
Furniture 25% on Net Book Value (reducing balancing capitalising method)
Fittings 25% on Net Book Value (reducing balancing capitalising method)

4.1.3 Income Recognition

Income is accounted for on an accrual’s basis, except for donations, which are credited to

income when received during the period.

4.1.4 Expenditure

AII expenditure is accounted for on an accrual basis. Direct charitable expenditure relates to

those incurred or grants payable, which directly relate to the furtherance of the charity's

objects. Management and administration costs include wages and related costs of central administration.

4.1.5 Valuation information and policy

Where applicable valuations would be undertaken as the lower of cost and net realisable

value, after making due allowance for obsolete. Cost includes all direct expenditure and an

appropriate proportion of fixed and variable overheads.

Christ Intimate Church

Statement of Financial Activities Ending on 31 March 2021

Christ Intimate Church with Charity Registration: 1174305

4.2 Performance – Detailed Income and Expense Statement

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2019-2020 2020-2021
Income 6684 9,625
General Expenses
Administration 230 251.5
Insurance 404 295
Pastoral Care 2400 355
Rent 1000 5000
Travel 17 200
Utility- Gas on Rented Building 930 1855
Phone 0 113
Accountancy 500 200
Depreciation 768 1137.5
Total Expenses 6249 9387
Surplus 435 238
Surplus brought forward 2405 2840
Unrestricted Reserves 2840 3078
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