2021-06-30-accounts - Meistad Eden Church

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MEISTAD EDEN CHURCH

63 DEERING HOUSE TUDWAY ROAD LONDON SE3 9FG

CHARITY NUMBER 1174626

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2021

RITMORRIS & Co. 21 DABBLING CLOSE HOWBURY PARK LONDON DA8 2HW

MEISTAD EDEN CHURCH

TRUSTEES: Issa Didier Kouame N’Wozan Guy Fulgence Aka Paul Martial Okou Zigre Ilia Djadi Monka Anicet Romaric Bossia - Resigned BANKERS: Barclays Bank P O Box 6539 Leicester LE87 2BB ACCOUNTANTS: Ritmorris & Co. 21 Dabbling Close Howbury Park London DA8 2HW CONTENT: 1. Trustees' Report 2. Independent Examiner's Report 3. Statement of Financial Statements 4. Balance Sheet 5. Notes to the Accounts

MEISTAD EDEN CHURCH TRUSTEES' REPORT

The trustees have pleasure in submitting their report and accounts for the year ended 30th June 2021. The financial statements have been prepared in accordance with the accounting policies set out on page 8, and comply with Statement of Recommended Practice and applicable law.

Constitution, Objectives of the charity, Principal Activities and Organisation of our work

The Church is constituted under a trust deed and is a registered charity number 1174626.

The objectives of the Church as set out in the Declaration of Trust are :-

a. The advancement of the Christian Faith in the United kingdom or abroad
b. The relief of persons who are in conditions of need, hardship or distress or who are aged or sick, in the United Kingdom or abroad.

The principal activities of the Church are Christian worship and involvement of various ministries and ministers of religion in propagating Christian tenets to members (and non-members) of the ministry at various meetings.

Development, activities and achievements in the year

The trustees are pleased to report that the Church is gradually recovering from the effects of COVID-19 pandemic and continued to be successful spiritually by ministering to many people. During the year the church was involved in various evangelical outreach programmes all aimed at achieving its principal activities.

Future Developments

The Church aims to acquire its own property and use as a place of worship while it continues to focus its activities to meet the objectives of the charity .

Review of financial position

There was a surplus for the year amounting to £22,248 (2020 - £20,429, all of which are set against the unrestricted reserves of the charity.

MEISTAD EDEN CHURCH TRUSTEES' REPORT (CONTINUED)

Investment Policy

The trustees have the power to invest in such assets as they see fit. The church sometimes needs to react very quickly to particular emergencies and has a policy of keeping any surplus funds in short-term deposits which can be readily accessed with the view to investing them in landed properties as the Trustees may see fit.

Risk Policy

The Trustees have assessed the major risk to which the Church is exposed, in particular those related to the operations and finances of the church, and are satisfied that systems are in place to mitigate the church's exposure to the major risks.

Reserve Policy

It is the policy of the church to maintain unrestricted funds, which are the free reserves of the charity, at a level which equates to at least four months of unrestricted expenditure. This provides sufficient funds to cover management and administration and support costs and to respond to emergencies may arise from time to time. Unrestricted funds are maintained at a level throughout the year.

Statement of Trustees' Responsibilities

The Charities Act requires the Trustees to prepare financial statements for each financial year, which give true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period. In preparing those financial statements, the trustees are requested to:

Select suitable accounting policies and then apply them consistently;
Make judgements and estimates that are reasonable and prudent;
State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements:
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The Trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statement comply with the Charities Act.They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for prevention and detection of fraud and other irregularities.

MEISTAD EDEN CHURCH TRUSTEES' REPORT (Cont.)

The address of the principal office of the church, the names and addresses of other relevant organisation are shown on page 1.

Independent Examiners

Messrs. Ritmorris & Co., have expressed their willingness to stay in office.

Approval

This report was approved by the board of trustees and signed on its behalf by:

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Trustee Dated
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MEISTAD EDEN CHURCH CHARITY NUMBER 1174626

I report on the Financial Statements of the Trust for the year ended 30th June 2021, which are set out on pages 6 to 10 below.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 (2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to :

examine the accounts under section 145 of the 2011 Act,
follow the procedures laid down in the general Directions given by the Charity Commission
[ under section 145(5)(b) ] of the 2011 Act, and
state whether particular matters have come to my attention.

BASIS OF INDEPENDENT EXAMINER'S STATEMENT

My examination was carried out in accordance with the general Directions given by the Charity Commission.

An examination includes a review of the accounting records kept by the Trust 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 the trustees concerning any such matters.

The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below.

INDEPENDENT EXAMINER'S STATEMENT

In connection with my examination, no matter has come to my attention :-

1) which gives me reasonable cause to believe that in, any material respect, the requirements:
to keep accounting records in accordance with section 130 of the 2011 Act; and
to prepare accounts which accord with the accounting records and comply accounting requirements of the 2011 Act have not been met; or
2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

24/04/2022

RITMORRIS & CO 21 Dabbling Close London DA8 2HW

Dated

MEISTAD EDEN CHURCH BALANCE SHEET AS AT 30TH JUNE 2021

FIXED ASSETS Tangible Fixed Assets CURRENT ASSETS Cash at bank LESS CREDITORS: Amounts falling due within one year NET CURRENT ASSETS Total assets less current liabilities MEMBERS' ACCUMULATED FUNDS Unrestricted Funds	Notes 6 7 9	2021 £ 628 91,764 91,764 (4,996) 86,768 87,396 87,396 87,396	2020 £ 837 67,071 67,071 (2,760) 64,311 65,148 65,148 65,148

Approved by the Board of Trustees and signed on its behalf by:

Trustee Dated

MEISTAD EDEN CHURCH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH JUNE 2021

Incoming Resources *Incoming Resources from generated funds* Voluntary income Investment income Government grants *Incoming resources from charitable activities* Total incoming resources Resources Expended Cost of generating voluntary income Charitable Activities Governance costs Total Resources Expended Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward	Notes 1.1 2 3 4 5	£ 2021 55,742 - 8,775 64,517 1,502 38,831 1,936 42,269 22,248 65,148 87,396	£ 2020 62,977 - 3,213 66,190 1,418 42,431 1,912 45,761 17,216 47,932 65,148 Unrestricted

There were no recognised gains or losses for the year other than those included in the Statement of Financial Activities.

The notes on pages 8 to 10 form part of these accounts.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2021

1. ACCOUNTING POLICIES

The financial statements have been prepared under historical cost convention and in accordance with the Statements of Recommended Practice, Accounting and Reporting by Charities (SORP 2005) issued in April 2005 and applicable accounting policies adopted in the preparation of the financial statements are as follows:

1.1 Incoming Resources

Tithes & Offerings

Income from tithes and offerings, is included in incoming resources when these are receivable.

The Charity has taken advantage of the exemption in financial Reporting Standard No 1 from the requirements to produce a cashflow statement the grounds that it qualifies as a small charity.

1.2 Resources expended

Resources expended are included in the Statement of Financial Activities on an accrual bases, inclusive of any VAT. which cannot be recovered. Certain expenditure is attributable to specific activities and has included in those cost categories.

1.3 Tangible Fixed Assets for use by the Charity and Depreciation.

Tangible fixed assets for use by the Charity are stated at cost less depreciation.

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Equipment

25% per annum.

MEISTAD EDEN CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30TH JUNE 2021

2. COST OF GENERATING VOLUNTARY INCOME Mission & evangelism 3. CHARITABLE ACTIVITIES Director's Remuneration Employer NIC Pension cost Travel & motor expenses Hall rentals Welfare & hospitality Training expenses Honoraria AOG Computer & IT expenses Hire and leasing of motor vehicle Insurance Bank charges Printing, postage and stationery Depreciation Sundry expenses 4. GOVERNANCE COST Accountancy Legal & Professional Fees 5.NET MOVEMENT IN FUNDS FOR THE YEAR The net movement in funds for the year is stated after charging: Depreciation of tangible fixed assets- for use by the charity Accountancy	2021 1,502 13,825 699 643 5,209 5,395 - 1,140 1,900 2,836 1,057 4,224 1,410 30 110 209 146 38,831 1,650 286 1,936 2021 £ 209 1,500	2020 1,418 13,500 220 404 6,158 12,041 350 1,980 - 941 1,357 4,224 569 32 145 279 231 42,431 1,500 412 1,912 2020 £ 279 1,500 Unrestricted

MEISTAD EDEN CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30TH JUNE 2021

6. TANGIBLE FIXED ASSETS

6.TANGIBLE FIXED ASSETS
Costas at 1st July 2020 Additions during the year At 30th June 2021 Depreciation as at 1st July 2020 Charge for the year At 30th June 2021 Net Book Value at 30th June 7. CREDITORS : Amount Falling Due within One Year Other taxes & social security Other creditors (net salary) Accruals		2021 2020 7,606 7,606 - - 7,606 7,606 6,769 6,490 209 279 6,978 6,769 628 837 2021 2020 £ £ 133 176 3,213 1,084 1,650 1,500 4,996 2,760 Equipment & instruments
		2021 7,606 - 7,606 6,769 209 6,978 628 2021 £ 133 3,213 1,650 4,996

8. STAFF COSTS & TRUSTEE REMUNERATION

There were no staff costs and thus no employee whose emoluments exceeded £60,000. No expenses have been reimbursed to any of the trustees.

9. FUNDS FOR USE BY THE CHARITY

Balance at 1st July 2020 Movement in the funds for the year Adjustment to previous years Balance at 30th June 2021	2021 2020 £ £ 65,148 47,932 22,248 20,429 - (3,213) 87,396 65,148 Unrestricted Funds