## **Statement of Financial Activities** 

## **Trustees Report** 

The Trustees present their report and accounts for accounting year ending on 31 March 2024. The trustees report that the financial year end 31 March 2024 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 constrained by financial resources available. We met all planned objectives and operations especially maintaining and increasing our membership numbers. 

## **Source of financing and allocation of funding** 

The level of finances for the year ended 31 March 2024 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 £16,514.00 thus an increase of £425.00 from previous year. 

Nevertheless, Christ Intimate Church cost increased substantially to £18454.00 an increase of £4484.00 from previous year of £13,970.00. This substantial increase can primarily be attributed to increased cost of travel/transport for Church members in concurrence with increased communication costs. 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 moderately successful year, and we give glory to God. 

## **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 2024, 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 examiners’ 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 examiners’ 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 intimate Church** 

## **Statement of fnancial Activities Ending 31 March 2024** 

Christ Intimate Church Annual Report- Year Ending 31 March 2024 

- 3.1 Scope of Operation and Undertaken Activities 

The Trustees report that the financial year ended 31 March 2024 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 must increase continually especially in the areas of helping the youth to abstain from joining ‘Gangs’ in favour of living a Christ centred life. 

## 3.2 Income and Expenditure Summary as at 31 March 2024 

|2024||||
|---|---|---|---|
||2022-2023||2023-24|
|Income|16089.00||16514.00|
|||||
|Expenses|13970.00||18454.00|
|||||
|Surplus|2119||(1940)|
|Surplus brought<br>forward|4382||6501|
|||||
|Unrestricted Reserves|6501||4561|
||2022-2023||2023-2024|
|||||
|Assets|8185||9024|
|||||
|Current Assets||||
|Cash at Bank and in<br>hand|3,641||3175|
|||||
|Current Liabilities||||
|Trading Creditors|5325||7638|





||||||
|---|---|---|---|---|
||||||
|Net current Assets||(1684)||(4463)|
||||||
|Total Net Assets||6501||4561|
||||||
||||||
|Reserves|||||
|Unrestricted Reserves||6501||4561|



## Christ Intimate Church 

Statement of Financial Activities Ending on 31 March 2024 

Christ Intimate Church with Charity Registration: 1174305 

4. Notes to the accounts: Year ended 31 March 2024 

## 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. 

||**2022-23**|**2023-24**|
|---|---|---|
|**Income**|16089|16514|
||||
|General Expenses|||
|Administration|308|1543|
|Insurance|323|705|
|Pastoral Care|975|1095|
|Rent|6000|6000|
|Travel|250|1650|
|Utility- Gas on Rented<br>Building|5149|4209|
|Communication|50|1504|
|Storage|0|441|
|Machinery|0|361|
||||
|Accountancy|200|200|
|Depreciation|715|705|
|**Total Expenses**|13970|18454|
||||
|**Surplus**|2119|(1940)|
|Surplus brought<br>forward|4382|6501|
||||
|Unrestricted Reserves|6501|4561|
||||



## 4.1.5 Valuation information and policy 

Where applicable valuations would be undertaken as the lower of cost and net realisable value, after making do allowance for obsolete. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.