## **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
1
## **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.
2
## **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.
3
## **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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4
## **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**
5
## **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
**6**
## **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.
7
**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.
8
## **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**|
|---|---|---|
**9**
## **MEISTAD EDEN CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30TH JUNE 2021**
## **6. TANGIBLE FIXED ASSETS**
|**6.TANGIBLE FIXED ASSETS**|||
|---|---|---|
|**Cost**as at 1st July 2020
Additions during the year
At 30th June 2021
**Depreciation as a**t 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**|
|---|---|
10