CHURCH ACCOUNTS Prepared for CHRIST VICTORY OUTREACH CHURCH FOR PERIOD 1ST JANUARY 2020 TO 31ST DECEMBER 2020
CHRIST VICTORY oirrREACH CHURCH CHURCH INFORMATION Eunice Ani*ry Paullne Cmusu Eleanor Chrislable Akorful Gladys Opoku George Oblri 20 Kedleston Ck)se Nottingham NG10 3DR Examlne TrackcOrth ManagennI Servres Ltd The Farthing Enterprise Centr8 Unit 10 39 Farthing Grove Netherfh Milton Ke8S MK6
CHRIST VICTORY OUTrEACH CHURCH FOR THE YEAR ENDED 31 DECEMBER 2020 REPORTS 31st Dec£mb8r 2020 Objects of the Church The t)bj8cts of tha Church stated bel been set up to prrnarly benefft the publlc: (a) to 8dvance the Christran faith in several vrays and in diffeit Parts of the United Klngdom or the as the Churth Board from lime to t#ne may Ihlnk fft (b} to relieve sickness arKI financial hardship and to prrximxé al preserve g(K health by the provision offunds. >S or servirm of any kind indudvjg the provision of counselling and support in su( parts of tha Untted Kingdcxn or ts 7ADrkJ as the Churth Board from time to time think fit arKI: (c) to alfvan edUcalk in such and in ch parts of the United lfjngdom or tha )rld as the Church Board from Ilme to time may think fft esFecivay in parL8 of UK where Its users 8re dra from. in Kwtsxdar in the adYanment of educatlon, the furtherance of heatth and the relief of Frnrty. distress and sickness among chlldren Acts¥ili08 of tho Charlty When planning the acts¥itKs of the thurth fcf the r. the d)urch t#)ard takes irrto acrx)unt the the charities (mMiSsion guidance on public benefft and. in partilar. the s[&fiC gumjance on charltlas fc Ihe advancement of refigion. In parficular the church board tries to ena ordlnary p to live out their faith as part of (xw thurdi through the following aclivtties: W•dne$d Mldwe8k b1118 Studlès Frldays Praspr 14leeting Fortnight youfh meetlrgs Sundays Churth servThs in Nottingham
CHRIST VICTORY oufREACH CHURCH FOR THE YEAR ENDED 31 DECEMBER 2020 Last Frfday of ev month JI nht prayer service first weekend of Thth Vlsltallons Throughout the week to HospitaLs and Me$ Evangellsm Sweading the Christian gospel by *itr
CHRIST VICTORY OUTrEACH CHURCH FOR THE YEAR ENDED 31 DECEIIBER 2020 Flnanelal Roviow of the Clmrtty The Churches's resulls for th8 year arKI its financial tM)stion at the end of the year are fully disdosed in the attached financial statements. Th total income for the year amounted to £15,149.n We a very grateful to all ¢thurch members who generousty given financially and all help offered in the last years to keep the (Hxth gOIJ. Tanglblo fixed assets for by tho eharity There Is no MoveMts kn the rd assets Commltteo of Pknbors. rnsponslbllltles The tharity law r8quires the (J)mmittee of members to prepare fin stat8menls for e&h financial year. whlth grve a true vlew of the financial acbvliw d the charity aThJ of rts financial F)osibon at the erKI of that petK#J. In preparfng those fh)ancknl statements. the ojmmlttee of memtws Is requlred: a) Select sultable accounting poli(aes and appty them ojnstsknty." b) Make judgemerrts and estimates that are reasonable and FYuden( c) Stste whether the Frftctes adopted are in accordance applicabla ac(y)unting stsndards and statements of recoMned acwjnting pra(ces. subje( to any materb31 departures disckjsed MJ exwalned in the f¥wnc4al statements. d) Prepare flnanoal statements on a going concem basL8 unless ft b inapprwiate to assume trt the charity wlll ¢onllnue in operation. The committee of members is resFxMibk for kwing proper acuwrrtiry reixytis discloses reasonable acujracy at any lime. the financlal wsition of the charrty and to enab them to ensure that the finan(ial stalemènts o)m*y blith Charities Act. They are also responsible for safe9uardwKJ the assets of the charity hen for tang reaxThble step8 the prevention dete(Xion of frdwJ and other irregularities.
CHRIST VICTORY OUTREACH CHURCH FOR THE YEAR ENDED 31 DECEMBER 2020 ExamlnerJ A resolutk)n to appnt Iksser Tra¢krecoryts Management serrf1 Ltd as eXnineT5 for the ensuring year has been propowl agre1 at thè annu81 generd meetin9 in ac(danCe th the Charthes Ai Approval The report was approved by ttp mmittee of on the 02103r2022 and siJned on tts behalf
CHRIST VICTORY oimiEACH CHURCH FOR THE YEAR ENDED 31 DECEMBER 2020 Examlners Report We have &YaThtined th8 financd Statents in Ihis reporL lch have been prepared fd101rYJ thè aLxJxintry kn$. set out in the r8porL Respectfvo responslbllltlos of trt•8 and oxamlners As described in report. the twstees of Christ Outrgath Churd) are responsible for the preparatK•n of financial statern. ft is our reswnsibilities to fomi an independent opinion. based on our examinthon. on Ihe atemts and to report our opinion to y)u. BaEl• of )plnlon We 03ndLKted our &xam¥wlion in acconjan wlth standards charity aw)urrtlThJ and independent examination. The examination Is M t8 basis. of tts evidence relevant to the amount of di8d0su Ki the frian(aal Statern. It indude8 an assessment of the stgnifK2nt es1ins and iudpments made by the rA)mmittee ol the membw¥ in prepwakn of the finanual stat6ments and )ether the accounting pollctes are approprkte to the chiVs CIrmsta. ¢clStenty appl and quatety drscloseil. We planned and perfomied examinalkn of the (kuments to obtain all the infom)ation and axplanations vhlich (*Jnsidwed necessary in order to pruvide us ¥Mth sufficient emdeno to give reasonable assuran that the financial statements are freo form mat8rlal misstatements, caused by fraud or other irregularittes or error. In fomiing our opinion. we also ev8luateAI the overall adequacy of the presentation of Oplnlon In our opinion the financ1 statements gi a fair view of the state of the charth5 affairs at 31 Dec8mber 2020 and of its surpkts for Ihe wthd have properfy prepar1 In accordance Véilh regulations of Charibes ACL TRACKRECORDS mANAGEMEr SERVICES LTD THE FARThING ENTERPRISE CEpifRE UNIT10. 39 FARThWIG GROVE MILTON KEYNES MK6 4JH
CHRIST VICTORY oiJfREACH CHURCH FOR PERIOD 1st January 2020 trj 31st DECEMBER 2020 Inc(xne & Expenditure 2020 2019 Unregtrlcted Funds Unrestrlctod Funds INCOME Totd rrth8s Offering Total Incomo 15,149.72 14149.72 22.567.01 22,567.01 EXPENDrruRE Church Rent Equipment Expewl Gas Bill 11.112.36 8.775.(NJ 867.38 20.754.74 605.02 12,699.84 9.152.00 876.17 22.728.01 -161.00 NEf LOSS CONTINUING OPERATIONS: None of the Churches acfvltles rn acqured or diso)ntinwJ durlng the above financial perfod STATEMEKr F TOTAL RECOGNISED GAINS AND There were no recognised gains rx k)sses in the atNJve flnancial peri(MY other Ihan the resutts for perM)J and. accordingly no statsmènt of totsl recognlsed gains arKI losses has been prepared. l appro the above and tnfin that I have availabl8 all necessary irrfn for their weparatK)n Pastor San)ong Agyema ACCOUNTANTS REpoRr We have prepared Ihe above accou wiflh)th caryyyrKJ out an 8udit and from information from chri VKtry Outreach Chur(*s l)ooks and records and explana1mS supppli8d to us. Trdckrecords ManageMl S8Tvir8s Ltd The Farthing Enterprise Centre Unit 10, 39 FarthirMJ Grove Nelherfield Mll ton Keyms MK6 4JH
CHRIST VICTORY OUTREACH CHURCH BALANCE SHEEr AS AT 31st DECEMBER 2020 2019 FIXED ASSErs Tangible assets CURRENT ASSErs Current Account 7.164 7.164 12,769 12.769 CREDITORS Amounts falllng due Net Current Assetsl (Liabillties) Totsl Assets Les8 Ojrrent Lthlitigs 7.164 7,164 12.769 12.769 ASSEfs i (LIABILlEs) 7,164 12,769 CAPITAL & RESERVES Profft arKI loss ant Profft and loss reserve -5,605 12.769 7,164 -161 12.930 12,769 In approving these flnan(xl statements as the Trustee of the Chun*. I hereby confinn that these accounts have been prepared In accordan with the provlsiorts awlIcae to the Charttkn Act Trustee Paslor Alfred Sarpong The finandal stateMts VJBre apwDved by the board of Tntstees ....... ................2022
CHRIST VICTORY OimlEACH CHURCH BALANCE SHEET As AT 31st DECEMBER 2020 NOTES TO THE FINANCIAL sfATEMENTS 1. AccouNnNG POUCIES a) Basis of accounting The financial statements have been wepared under the hith1 cost U*Nentlon. b) In¢ome urch c) Depreclation Depreaation Fs provKled on tsngIb assets at rates lo wrlte off rxjst of ea asset over its expected useful lrfe. The rates use(1 a re(kJthy balance are as folkpAs: Equipmenc Ftxtures & FittirwJs 25% straight li 2. INCOME The irrne and profft for the year Is &1 allributed to the (Th7[ty$ principal athvlty and all seNices have been promded to Ihe Untted Kingdom markeL PENSIONS 3. OPERAnNG PROFrr The oper1[j profft Is sl8t8d after charglng: 2020 Depreciation of langible fixed assets Pastors reMUnera)n induded Pastors pensK)n contrilyjtions 4. TAX ON ORDINARY ACTivmES
CHRIST VICT(hRY OLTfREACH CHURCH BALANCE SHEET AS AT 31st DECEMBER 2020 NOTES TO THE FMNCIAL STATEMEKf8 5. TANGIBLE FIXED ASSETS 31st Dember 2020 Additsons At 31st December 2020 Charge for the year At 31st December 2020 N•t Book Value 31st Dfjcember 2020 6. Debtors 7. CREDrroRS•Amounts falllng duo less than 1 yoar Trade Credltors
CHRIST VICTORY OtTrREACH CHURCH FOR PERIOD ENDING 31$t DECEMBER 2020 l)•talled In¢ome & Expendlture Uiir•gtrictsd Funds INCOME Tilhes & Offering Income Totsl kncome 15,149.72 15.149.72 EXPENDITURE Equipment EXpd Rent Gas BIJ 8,T15.00 11,112.36 867.38 20,754.74 NEf LOSS FOR YEAR -5,605.02
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