ASSEMBLY OF GOD MINISTRY ADORAI CHURCH
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31[st] DECEMBER 2023
CHARITY NUMBER: 1176693
ASSEMBLY OF GOD MINISTRY ADORAI CHURCH
(A COMPANY LIMITED BY GUARANTEE)
LEGAL & ADMINISTRATIVE DETAILS YEAR ENDED 31[ST] DECEMBER 2023
ADDRESS FOR CORRESPONDENCE
49 BARDFIELD WAY RAYLEIGH ESSEX SS6 9HE
REGISTERED CHARITY NUMBER
1176693
GOVERNING DOCUMENT
CIO –FOUNDATION CONSTITUTION CONVERSION 5[TH] MARCH 2019
TRUSTEES/ DIRECTORS
Mr Joao Evangelista Jacinto Mr Gabriel Marchiorio De Mattos Dayane Xavier De Queiroz Spricigo Orcejane Rodrigues Da Silva
PRINCIPAL BANKERS
National Westminster Bank 250 Bishopgate London EC2M 4AA
ACCOUNTANTS
FRESH FIRE ORGANISATION GENERATOR BUSINESS CENTRE 95 MILES ROAD MITCHAM SURREY CR4 3FH
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ASSEMBLY OF GOD MINISTRY ADORAI CHURCH 49 BARDFIELD WAY ESSEX SS6 9HE
INDEX Page Legal & Administrative Details 1 Index 2 Trustee’s Report 3 - 4 Independent Examiner’s Report 5 Statement of Financial Activities 6 Balance Sheet 7 Notes on the financial Statements 8 - 11
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ASSEMBLY OF GOD MINISTRY ADORAI CHURCH
TRUSTEES’ REPORT YEAR ENDED 31[ST] DECEMBER 2023
The trustees are pleased to present their report for the year ended 31[st] December 2023 for the charity, Assembly of God Ministry Adorai Church with charity number 1176693.
The Trustees of the charity are:
Mr Gabriel Marchiorio De Mattos Mr Joao Evangelista Jacinto Dayane Xavier de Queiroz Spricigo Orcejane Rodrigues Da Silva
The principal address of the charity is : 49 Bardfield Way Essex
SS6 9HE
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity governing document is a CIO-Foundation constitution that was converted on 5[th] March 2019.The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.
OBJECTIVES AND ACTIVITIES
The Objects of the organisation is (1) TO ADVANCE THE CHRISTIAN FAITH. (2) TO PROCLAIM THE CHRISTIAN EVANGELICAL BELIEF FOR THE BENEFIT OF THE PUBLIC IN MANY WAYS ACROSS THE UNITED KINGDOM.
(3) THE ADVANCEMENT OF THE CHRISTIAN EVANGELICAL RELIGION MAINLY, BUT NOT EXCLUSIVELY, BY MEANS OF BROADCASTING CHRISTIANITY MESSAGES OF AN EVANGELISTIC AND TEACHING, TO RELIEVE SICKNESS AND FINANCIAL HARDSHIP AND TO PROMOTE AND PRESERVE GOOD HEALTH BY THE PROVISION OF FUNDS, GOODS OR SERVICES OF ANY KIND, INCLUDING THROUGH THE PROVISION OF COUNSELING AND SUPPORT ACROSS THE UNITED KINGDOM.
(4) TO ADVANCE THE CHRISTIAN EVANGELICAL RELIGION FOR THE BENEFIT OF THE PUBLIC THROUGH THE HOLDING OF PRAYER MEETINGS AND EDUCATION PROGRAMS.
(5) TO CARRY OUT OTHER CHARITABLE ACTIVITIES ASSOCIATED WITH THE ASSEMBLY OF GOD CHURCH MINISTRY ALLIANCE - EAST LONDON FOR THE BENEFIT OF THE COMMUNITY IN THE UNITED KINGDOM.
(6)TO GATHER TOGETHER FOR THE PUBLIC WORSHIP OF GOD, FOR CHRISTIAN WITNESS AND SERVICE IN THE LONDON BOROUGH OF NEWHAM.
The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.
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ACHIEVMENTS AND PERFORMANCE
The Organisation continues to hold successful meetings through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. The organisation continues to hold in person services and this has allowed an increase in attendance in the regular services.
FINANCIAL REVIEW
The income of the charity is above £182,000 and was from donations received from members. The church managed its expenses well. The church is an ongoing concern. This year they had a reasonable surplus at the end of the financial year.
RESERVE POLICY
It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure. This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to build up and maintain this level throughout the year.
RISK MANAGEMENT
The charity have assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.
TRUSTEE RESPONSIBILITIES
Under the Charities Act 2011,the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:
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Select suitable accounting policies and apply them consistently.
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Make judgements and estimates that are reasonable and prudent.
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State whether the applicable accounting standards have been followed.
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Prepare financial statements on an ongoing basis.
They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.
Approved by the Trustees on 16[th] October 2024 and signed on their behalf by:
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Independent Examiner’s Report To the Trustees ASSEMBLY OF GOD MINISTRY ADORAI CHURCH
I report on the accounts of the church for the year ended 31[st ] December 2023 set out on the following pages which have been prepared on the basis of the accounting policies shown in the corresponding pages.
Respective responsibilities of trustees and examiner
The trustees of the church are responsible for the preparation of accounts: they consider that the audit requirement under section 144(2) of the Charities Act 2011 (the 2011 Act),does not apply. It is my responsibility to :
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Examine the accounts under section 145 of the 2011 Act.
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Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 145(5)(b) of the 2011 Act.
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State whether particular matters have come to my attention.
Basis of Independent examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the church 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 concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In the course of my examination, no matter has come to my attention;
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(1) which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that:
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proper accounting records are kept( in accordance with section 130 of the 2011 Act
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accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 2011 Act: or
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(2) to which , in my opinion , attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Chuks Ajuka BSc(Man), FICB PMDip FRESH FIRE ORGANISATION South Lodge Avenue New Horizon Centre Mitcham Surrey CR4 1LT
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ASSEMBLY OF GOD MINISTRY ADORAI CHURCH
Statement of Financial Activities for the year ended 31st December 2023
| Unrestricted | Total Funds | |||
|---|---|---|---|---|
| Funds | 2023 | 2022 | ||
| Incoming Resources from | Note | £ | £ | |
| generated funds | ||||
| Donations and Legacies | 2 | 194261 | 194261 | 140950 |
| Investment income | 3 | 0 | 0 | 0 |
| 194261 | 194261 | 140950 | ||
| Other Income | ||||
| Total Incoming | 194261 | 194261 | 140950 | |
| Resources | ||||
| Resources Expended | ||||
| Charitable activities in furtherance of objectives | ||||
| Charitable Activities | 5 | 179,693 | 179,693 | 143938 |
| Other | 4 | 0 | 0 | 0 |
| Total Resources | 179,693 | 179,693 | 143938 | |
| Expended | ||||
| Net movement in funds | 14,568 | 14,568 | -2988 | |
| Reconciliation of Funds | ||||
| Total Funds brought forward | 12665 | 12665 | 15653 | |
| Total Funds carried forward | 27,233 | 27,233 | 12665 |
The above funds are all classed as to purpose All movements of funds and all recognised gains and losses are included above.
The notes on the accounts form part of these accounts.
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ASSEMBLY OF GOD MINISTRY ADORAI CHURCH Balance Sheet as at 31st December 2023
| Note 2023 Fixed Assets £ Tangible fixed assets 5 854 _ 854 _ Current Assets Cash at bank and 26379 in hand Debtors & prepayments 0 26379 Creditors:amounts falling due within one year Creditors & accruals 8 0 _ Net Current Assets 26379 _ Net Assets 27233 Unrestricted Funds General Fund 27233 TOTAL FUNDS 27233 ___ |
2022 £ 1068 |
|---|---|
| 1068 | |
| 11597 0 |
|
| 11597 0 |
|
| 11597 | |
| 11597 11597 |
|
| 11597 |
For the year ended 31[st] December 2023 Assembly of God Ministry Adorai Church the accounts shown above represent a true and fair view of the financial position of the charity
Approved by board of trustees on 16th October 2024
And signed on their behalf by Gabriel Marchiorio De Mattos (Director)
Signature:________
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ASSEMBLY OF GOD MINISTRY ADORAI CHURCH
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] DECEMBER 2023
1) Accounting Policies 1.1 Basis of Accounting
These accounts have been prepared under the historic cost convention with items Recognised at cost or transaction values otherwise stated in the relevant note(s) to These accounts. The accounts have been prepared in accordance with:
The Statement of Recommended Practice: Accounting and Reporting by Charities Preparing their accounts in accordance with the Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014. 1.2 Going Concern: The accounts are prepared on a going concern basis.
1.3 The accounts present a true and fair view and no change have been made to the accounting policies adopted.
1.4 No changes to the accounting estimates have occurred in the reporting period
1.5 No material prior year error have been identified in the reporting period.
Recognition of Income
These are included in the Statement of Financial Activities (SOFA) when:
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The charity becomes entitled to resources;
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It is more likely than not that the trustees will receive the resources;
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The monetary value can be measured with sufficient reliability.
Grants and Donations
Grants and Donations are only included in the SOFA when the general income recognition criteria are met (5.10 to 512 FRS102 SORP)
.
Tax reclaim on donations and gifts
Gift Aid receivable is included in the income when there is a valid declaration from the donor. Any gift aid amount recovered on a donation is considered to be part of that gift and is treated in addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
EXPENDITURE AND LIABILITIES
Liability Recognition
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
Grants and Support Costs
Support costs have been allocated between the governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
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ASSEMBLY OF GOD MINISTRY ADORAI CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] DECEMBER 2023
Creditors
The charity has creditors which are measured at settlement amounts less any trade discounts.
ASSETS
Tangible Fixed Assets for use by the charity
They are capitalised if they can be used for more than one year. They are valued at cost. The depreciation is calculated at 20% reducing balance method.
Debtors
Debtors are measured on initial recognition at settlement amount. Subsequently they are measured at cash.
.
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ASSEMBLY OF GOD MINISTRY ADORAI CHURCH
Notes to the accounts for year ended 31st December 2023
2 Voluntary Income
| Unrestricted | Total fundsTotal funds | Total fundsTotal funds | |
|---|---|---|---|
| Funds | 2023 | 2022 | |
| Church collections | £ | £ | £ |
| Donations | 182628 | 182628 | 136498 |
| Gift Aid | 11312 | 11312 | 3535 |
| Others | 321 | 321 | 917 |
| Total | 194261 | 194261 | 140950 |
3 Investment income
Unrestricted Total funds Funds £ 2023/£ 2022/£ Bank Interest 0 0 0
4 Other
| Other Grants overseas Grants to Individuals < £1000 |
Amount 2023/£ 0 0 ___ 0 |
2022/£ 0 0 |
|---|---|---|
| 0 |
5 FIXED ASSETS
| Cost | Equipment |
|---|---|
| 01/01/2023 | 1803 |
| Additions | 0 |
| 31/12/2023 | 1803 |
| Depreciation | |
| 01/01/2023 | 735 |
| charge for yr | 214 |
| 31/12/2023 | 949 |
| NBV | |
| 31/12/2023 | 854 |
| 31/12/2022 | 1068 |
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ASSEMBLY OF GOD MINISTRY ADORAI CHURCH Notes to the accounts for year ended 31st DECEMBER 2023
| **6 ** | Cost of Activities in furtherance | of Charity's Objectives | of Charity's Objectives |
|---|---|---|---|
| 2023/£ | 2022/£ | ||
| Wages | 28832 | 25329 | |
| Travel & Accommodation | 15789 | 8329 | |
| National Insurance | 0 | 93 | |
| Stationery & Printing | 30 | 6 | |
| Insurances | 0 | 752 | |
| Office expenses | 1741 | 2732 | |
| Speakers expenses | 13251 | 10625 | |
| Missions | 11000 | 15854 | |
| Mission House expenses | 28800 | 29421 | |
| Church Rent | 24480 | 24150 | |
| Church meetings | 50169 | 21204 | |
| Bank charges | 807 | 2314 | |
| Advertising | 0 | 52 | |
| Accounting services | 2069 | 1426 | |
| Depreciation | 214 | 267 | |
| Vehicle expense | 991 | 320 | |
| Repairs | 3 | 196 | |
| Training | 650 | 144 | |
| Software | 867 | 724 | |
| Total | 179693 | 143938 |
| 8 Staff Costs Salaries Tax/NIC Total |
2023/£ 2022/£ 28832 25329 0 93 |
|---|---|
| 28832 25422 |
There were 3 employees during the financial year
Trustees benefits and connected parties
Trustee Gabriel Marchiorio received £10400 in the financial year for admin services provided to the charity.
9 Creditors: amounts falling due within one year
| £ | £ | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Creditors | 0 | 0 | ||
| Total | 0 | 0 |
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