CHURCH ACCOUNTS Prepared for CHRIST VICTORY OUTREACH CHURCH FOR PERIOD 1ST JANUARY 2021 TO 31ST DECEMBER 2021 CHRIST VICTORY oirfREACH CHURCH CHURCH INFORMATION Alfred SaTpong Agyemang . Chaman Frank Ohene Sa￿)ng Eunice Antitsi Paul#7e Comfort Swpong Oduro Eleanor Christabte Akorful Gladys Opoku George Obiri Roglstered Ollk• 20 Kedleston Close Long Eaton Notbngham NG10 3DR Exomlners The FartNng Enterprise Centr8 Unit 10 39 Farthlng Gn Netherfiekj Milton Ke￿e8 MK6 4JH CHRIST VThORY oiJfREACH CHURCH FOR THE YEAR ENDED 31 DECEMBER 2021 REPOFrrs Th8 Truste&s prosent8 tlw roport and fR)an¢ial Statements forthe w ended 31st December 2021 Obj•cts of tho Church The objecis of the Churth stated bebw have Iwi get up to primarNy benefft the publc: {a) to advance the Chrisban falth in several way8 and in ifjlferent parts of the United Kingdom or the world as the Church Board from time to tlme may think fit (bl to relleve aicknus and fnandal hardshlp ar￿ ￿ womote and preserve good health by the provislon of funds, goods or services of any klnd induding the provision of c(JJnselling and support in such paris of the Unikd Kiwom or the world as the Church Board from tlme to tlme thlnk fit and: (c) to advanc* edu(xlK)n in such ways and in suth parts of the United Klngdom or the )rld as the Church Board from time to time may think fft espeoally in part6 of t￿ UK where tts users are drawn from, in parti(JJlar In the advancement of education. the furtheran￿ of heafth and the relief of tx)vety, distress and sIr￿nesS among thildren V￿ and Othe￿ who a￿ disadvantaged and tha urn*l￿e￿A. Aetivftlas of tho Charlty When planning tha a(*vltles of the dwrc* the ￿r. the churth board tskes into awjunt the the charities ￿mMith guidance on public ￿nefft arKI. In partm￿lar. the specffic guidan￿ on charitEs for the advancement of relrglon. In partlcular tho church board trles to enabk (Ydinary p• to live out th* faith as part of w thurch through the fdlowiNJ acbvitses: Wodnesday5 Mldweek bible ￿d[os Frldays Prayer M88ting Forthight Y￿ rn• Sundays Church servi(ss in NottirwJham CHRIST VICTORY oimiEACH CHURCH FOR THE YEAR ENDED 31 DECEklBER 2021 Last Friday of avery month AJI nlght prayer ser¥kx first ￿eekeTh￿ of n¥Jnth VISIL￿On8 Throughout the *pek to Hospikls arxl hc Evangelism Spreading th8 Christian gospel by personal witness CHRIST VICTORY OIrniEACH CHURCH FOR THE YEAR ENDED 31 DECEMBER 2021 Fknon¢lo1 Revlew of tho Charlty The Churches's results for the year and Its financial Kmjslbon at the end of the year are fully disclosed In the attathed financial ststements. The totsl income for the year amounbJ to £11,14621 We are very grateful lo all (*urth Memt￿5 *1¥) have g• gfven financlalty and all help offered in the18St year5 to keep the thurch going. Tangible ts•d assets far u80 by th• ch The charlty law requires the (￿mittee of Mern￿ to prepare finan(xal statements for each financaal year. whlch glve a true vlew of the finandal acaivtties of the charity and of ts financi81 posltlon at the end of that [￿K￿l. In weparing thcAe finan(aal ststements, the cwimitteg of fflembeTS IS required: a) Select suitable accounting poTicies arKI ap￿ them consistently. b) Make judgements and eslimates that are reasonable and prudent,. c) State whether the policies adopted a￿ in a(xThlance ￿ryth apthble acc(xJnting stsrKlards and statements of recornmended a(xx)unting Prydcbces. subie(a to any matgrial departures disck)sed and etyined in the financial statements: d) Prepare financial ststements on a going c￿rn basls unless ti is inapprOW￿ to asslsme that the charity will continue in ¢)peratlon. The committee of members is re¥￿nsIble for keepirvJ pr(per aco)untirKJ re(x)nts. Mthich dtscloses 7•rith reasonalje accurdcy * any time, the finan(aal ￿SitiOn of the charity and to en81Je them to ensure that the financial Ststeffl￿ts comply vthh Charities ACL They are also responsible for safegUardff￿ Ihe assets of the dwrity arKI hen￿ for taking reasonable stsp8 for the preventm and detedl(m of fra￿1 aThJ olher irregulaiiti8S. CHRIST VICTORY OUTREACH CHURCH FOR THE YEAR ENDED 31 DECEMBER 2W21 Examinors A resolution to apFdnt JAesser Trackre(yyds NIAnagement SeTrices Ltd as examinèrs for the ensuring has been protx)sed and agreed at tho ar￿U01 gen8r81 meeling In accordano wlth the CharIt￿S ACL Approval The report was approved by thg committe8 of membws the 02103J2022 and slgned on its behalf CHRIST VICTORY OLrrREACH CHURCH FOR THE YEAR ENDED 31 DECEIABER 2021 Examlners Report We examined the financlal statements in this re¥￿[ whth haNp been prepared folknryng the accounting p(￿￿. set wt in the reporL Rospeclfvo resp￿￿1b1lltl0$ of trust808 and examln•rs As de$￿ibed in report, the trustees of the Christ IT￿ Outréach Church are restx)nsible for the preparation of financial statements. It is our ￿SponsIbl11t1eS to forni an indep8nd8nt opinion, bas•J on our examinali(m. on the stat￿ents and to r8POrt our Nnlon to you. Baslg ol oplnlon We uJrKlucted our examination In ￿nce stand•ts chwity accountlrKJ and independent examination. The examination is on test basL%. of the rth￿dnt to th8 amount of disdosures in the f￿￿1¢la1 statem It In¢k￿8$ an assesswrt of the sKJniknnt esllmates and Judgefflents mad8 by the )mmlttee of the M￿berS in Wepara1￿ of ts ffinan(3al statem8nts and the accounting polK4es ar8 apprOry￿e to the dMTtVs carcufftstance, c(xWstenty applled and adequately disdosed. We planned and perforn￿d examinat￿ of the d￿rnants to obtain all the infomiation and explanations which we (xThidered nec*ssary in order to provide us with sufficient eviden￿ to give reasonable assuran￿ that the financ481 statements are fre8 form material misstatements. ￿ether causéd by fraud or olher Irregularities ￿ error. In f(]rniing our opinion. we aso evaluated the overall adequacy of the presentatM)n of the Oplnl¢ In our Opin￿ the financaal statements give a fair of the state of th8 tharit￿6 affairs at 31 D8C8mber 2021 of its surplus for and haNE pr8pared in accordance regulattons of Chariii8s ACL 02￿￿022 TRACKRECORDS MANAGEMErir SERVICES LTD THE FARTHING ENTERPRISE CEPrniE UNrr10, 39 FARfHING GROVE MILTON KEYNES MK64JH CHRIST VICTORY oirfREACH CHURCH FOR PERIOD 1st January 2021 to 31st DECEMBER 2021 Inccwno & Expendtturo 021 202 UnT￿trIC￿ Funds UnY•6trlcted Fund8 INCOME Totsl Tithes OfferfThJ Total Inc<>me 11.146.21 11,14621 15.149.72 15,149.72 EXPENDITURE Church Rent Equipment Expensed Gas Bili 12.699.84 71XI.00 1,326.43 14,726.27 ,580.06 11,112.36 8,775.00 867.38 20,754.74 ,605.02 NET LOSS CONTINUING OPERATIONS: None of the Churches activibes were au¥knd or duriThJ the atL)ve financial Peri￿1 ATEM TAL RECOGNISED GAINS AND LOSS There were no recognised galns k)sses in the above financial perlod other than the results for the pericd and. accordingty no *tement of total recognised gains and Ictsses has been l approve the atx)ve accounts and ￿nfirM Ihat I have made awailable all necessary irrformation for their preparatm Pastor Sarpong Agyemang ACCOUNTANT5 REPORT W8 have prepared the accounts wilhout caff￿ng out an 8udtt and from InfomHtlon from Christ 0ufr￿￿ Church s books 8ndreconl8 and explanations suppplied to u& Trackre(x)rds Management Ltd The Farthing Enterprise C8ntr8 Unlt 10, 39 Farthing Grove Netherfiekl Milton Keynès MK6 4JH CHRIST VICTORY oirtREACH CHURCH BALANCE SHEEr AS AT 31st DECEMBER 2021 2021 2020 FIXED ASSErs Tangible assets CURRENT ASSETS Debtor5 Currerrt Account 7,164 7.164 CREDITORS Ilmounts falling due Net Current Assatsl (LIab￿lttes} Total Assets Less Current Liabilities 7,164 7,164 NET ASs￿s I (LiABIUTIES) 7,164 CAPITAL & RESERVES Profft and loss acc(￿nt Profft and loss reseNe -5,605 12,769 7,164 7,164 In approving these financol statements as the T￿￿tee of the ChuTch, I hereby confinn that thes6 accounts hava bean prepared in accordance with the provtsions *icable to the Chaiitios Act Trustee CHRIST VICTORY OUTREACH CHURCH BALANCE SHEEr 8 AT 31st DECEMBER 2021 NOTES TO THE FINANCIAL STATEMENrJ 1. AccouKnNG POUCIES al Basis of accounting The fin8nci81 stslements have been u￿ler the hTstori(¥l 0)st ￿ntIon. bl Inc4)me Income repres￿ varf[￿S financjal d(ThI1￿ receiv￿[ to fund the operdticxts of the church c} Depreaation DepreC￿tIon Is proth on tanglbl? assets at rales to write off the cost of each asset over ts expected LSS8ful lrfe. The rates used on a reducing balan(* are as f(AlM: Equipment. F￿S & Frttrgs 25% straight line 2. INCOME The Income and profft for the year is all attrfouted to the o)mpanYs princxpal a¢fft and all services have been provKled to the Uniied Ki@om markeL PENSIONS 3. OPERATING PROFrr The operating profft is staled after charglrKJ: Pastors remuneration tndud PastrJT5 pension contribu￿nS 4. TAX ON ORDINARY ACTivmES Thls represents corrmthm tsx 0% based (x) wofft for the year ¢)n ordlnary acAivlUe8 CHRIST VICTORY oirrREACH CHURCH BALANCE SHEEr AT 31st DECEMBER 2021 NOTES TO THE FINANC￿ STATEIAEIITS TANGIBLE FIXED A8SErs 31 st December 2021 AdditK>ns At 31st December 2021 Depre¢lallon Charge for the year At 31st December 2021 Nel Book Value 31st Decemb¥ 2021 6. Debtors 7. CREDITOR&Amounts falling duo loss than l y•ar Trada Cr8dltOTS CHRIST VICTORY oirrREACH CHURCH FOR PERIOD ENDING 31st DECEMBER 2021 D*llod Income & Expend￿re Unrestrlctod Fund$ INCOME Tithes & Offering InC￿le Total In¢ome 11,146.21 11.146.21 EXPENDITURE Equipment Exp8nsed Rent Gas Bim 12.699.84 1,326.43 14,726.27 NEf LOSS FOR YEAR 4,$80.06 Dnjms Loudspe*8rs Keyboard Bass Gultsr Electric Dnjmg o. 0.00 0.00 v￿80 Cam8ra wlh st8ThJ Base comtrx) o.