TREE OF LIFE RESURRECTION MINISTRY
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2022
CHARITY NUMBER: 1177781
TREE OF LIFE RESURRECTION MINISTRY
(1) 98A WHITEHORSE ROAD CROYDON CR0 2JB (2) 76 THE WOODLANDS LONDON SE19 3EH
| INDEX Page |
INDEX Page |
|---|---|
| Front Page Index |
1 2 |
| Trustee’s Report | 3-4 |
| Receipts and Payments Account 31 Dec. 2022 | 5 |
| Statement of Assets and Liabilities | 6 |
| Notes on the financial Statements | 7 |
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TREE OF LIFE RESURRECTION MINISTRY
TRUSTEES’ REPORT
YEAR ENDED 31ST DECEMBER 2021
The trustees are pleased to present their report for the year ended 31st December 2022 for the charity:
TREE OF LIFE RESURRECTION MINISTRY with charity number 1177781.
The Trustees of the charity are: Verah Otwoma
Cynthia Pryce
EL’Leonia Edwards
Susan Jacobs
Place of Worship: officially on Line Zoom Meetings to save Rental Money
And occasionally at 76, The Woodlands, London, SE19 3EH
The principal charity address: 98A WHITEHORSE ROAD, CROYDON, CR0 2JB
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity governing document is a CIO – Foundation Constitution .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 are first to advance the Christian faith in accordance with the statement of beliefs for the benefit in the United Kingdom and in such other parts of the world as the trustees may think fit from time to time. The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public ~~benefit before deciding what activiti~~ es the charity should undertake.
ACHIEVMENTS AND PERFORMANCE
The Organisation continues to hold regular worship meetings for part of the year, before COVI-19 lockdown, when all meeting took place on online zoom platform, which individuals were equipped and educated on the principles and doctrines of the Christian faith. The organisation also continued to hold conferences during the year on zoom in which many of the individuals has access within and around the community to attend or joined, depending on national lock-down conditions. This has produced some results in reaching and helping the members of the community.
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FINANCIAL REVIEW
The income of the charity is below £4,000. This is even a similar amount as last year for the charity, and the costs have been well managed during this period. The Church (Prayer Group) is still in a good position to manage its costs. The main cost of the organisation was paying for the online rent and occasional face to face rentals it uses for its meetings, helping some vulnerable members, Online meetings (Zoom) and the travel costs for the pastors to go around visiting members who needed help, from Christening, bereavements, prayers, camp meeting, get together, Communion or for shopping and other urgent needs and so on.
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. However, this was not always the case and sufficient during, and after the pandemic. Members have been helpful with funds to help during the year round, and have continued to support the Charity to survive until now. This provides sufficient funds to cover all emergency expenditure that have arisen from time to time. The charity continues to pay back the part of the money borrowed from De Montfort Mimi Market owned by a member after things getting back to normality. The charity maintained this level for the rest of the year.
RISK MANAGEMENT
The Trustee have assessed all the major risks, 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 try and mitigate exposure to major risks if possible.
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 on-going 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 Sunday the 12 December 2022 and signed by: Chair
- Verah Mmbone Otwoma
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TREE OF LIFE RESURRECTION MINISTRY
ACCOUNTS FOR THE YEAR ENDED 31st December 2021
- Receipts & Payments Account (General Purpose Fund)
| Income receipts | £/2022 | £/2022 | £/2021 | £/2021 | £/2020 | £/2019 | £/2018 | ||
|---|---|---|---|---|---|---|---|---|---|
| Donations | 1517.00 | £3,990.00 | 6827 | 7708 | 6251 | ||||
| Interest | 0 | 0 | 0 | 0 | 0 | ||||
| Total receipts | £1517.00 | £3,990.00 | 6827 | 7708 | 6251 | ||||
| Direct Charitable Expenditures |
|||||||||
| Professional fees | 499 | 200 | 450 | 500 | 120 | ||||
| Web hostingcost | 143 | 150 | 125 | 60 | 800 | ||||
| Hall Hire | 850 | 1200 | 2900 | 4880 | 4000 | ||||
| Welfare | 200 | 350 | 220 | 400 | 989 | ||||
| Advertisement costs | Nil | 68 | 200 | 177 | |||||
| Fuel and repair cost | 300 | 900 | 360 | 140 | 30 | ||||
| Church events | 230 | 60 | 300 | 1033 | |||||
| Bookkeepingcosts | 300 | 300 | 250 | 250 | |||||
| 2522 | £3,100 | 4433 | 6730 | 7149 | |||||
| Other Expenditure | |||||||||
| Equipment | Nil | Nil | Nil | Nil | Nil | ||||
| Fixtures and fittings | Nil | Nil | Nil | Nil | Nil | ||||
| 0 | 0 | 0 | |||||||
| Total payments | 2522 | £3,100 | 4433 | 6730 | 7149 | ||||
| Net receipts/(payments) for theyear |
-1005 | 890 | 2394 | 978 | -898 | ||||
| Cash Funds brought forward | 3253.48 | 4527 | 2133 | 1155 | 2053 | ||||
| Cash Funds at the end of the year 2022 |
3265.48 | 5507 | 4527 | 2133 | 1155 | ||||
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TREE OF LIFE RESURRECTION MINISTRY
2 Statements of Assets and Liabilities at 31st December 2022 Monetary Assets
| Cash Funds Unrestricted Funds | Cash Funds Unrestricted Funds | Cash Funds Unrestricted Funds | Cash Funds Unrestricted Funds | Cash Funds Unrestricted Funds | Cash Funds Unrestricted Funds | Cash Funds Unrestricted Funds | |||
|---|---|---|---|---|---|---|---|---|---|
| £2022 | £2021 | £/2020 | £/2019 | £/2018 | |||||
| Cash at hand and in bank | 2968.00 | 4007.00 | 4527 | 2133 | 1155 | ||||
| Debtor/Creditor | 0 | -297.00 | 0 | 0 | 1500 | ||||
| Total Cash Funds | 2968.00 | 3710.00 | 4527 | 2133 | 2665 | ||||
| Assets Retained for the Charity's Ownuse |
|||||||||
| Non-monetary Assets and Liabilities |
|||||||||
| Musical Instruments | Nil | Nil | Nil | Nil | Nil | ||||
| Equipment | Nil | Nil | 303 | 303 | 303 | ||||
| Fixtures & Fittings | Nil | Nil | 400 | 400 | 400 | ||||
| 0.0 | 0.0 | 703 | 703 | 703 | |||||
| Liabilities | |||||||||
| Bookkeeping | 300 | 300 | 250 | 250 | 250 | ||||
| NET ASSETS | 2968 | 3710.00 | 4980 | 2586 | 311 8 |
||||
| THESE ACCOUNTS WERE APPROVED BY THE TRUSTEES AND SIGNED BY: VERAHM. OTWOMA |
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TREE OF LIFE RESURRECTION MINISTRY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st December 2022
ACCOUNTING POLICIES
Basis of Accounting
These accounts have been prepared on the receipts and payments basis with all revenue and expenses shown on a cash basis. Non-monetary assets are shown at estimates of the value at the end of the year.
Funds
The CIO has a general unrestricted fund that receives voluntary donations from attendants at the services.
The CIO has some outstanding guarantees towards third party, but not on the assets of the CIO.
Public Benefit
The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or aims that are for public benefit. Details of how this is achieved are provided in the Trustees report. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
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1177781
OVERVIEW
Activities - how the charity spends its money
HOLDING REGULAR WORSHIP SERVICES IN THE COMMUNITY TO PROMOTE THE CHRISTIAN FAITH
Income and expenditure
Data for financial year ending 31 December 2022
Total income: £1,517 Total expenditure: £2,522
People
3 Trustee(s)
2 Volunteer(s)
Employees with total benefits over £60,000
No employees have total benefits over £60k for this charity Fundraising
This charity does not raise funds from the public Trading This charity does not have any trading subsidiaries. Trustee payments
No trustees receive any remuneration, payments or benefits from the charity.
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What, who, how, where
What the charity does:
- Religious Activities
Who the charity helps:
- The General Public/mankind
How the charity helps:
- Provides Advocacy/advice/information
Where the charity operates:
- Throughout England
Governance
Registration history:
- 03 April 2018: CIO registration
Organisation type: CIO Other names: No other names
Gift aid:
Not recognised by HMRC for gift aid Other regulators: No information available Policies:
-
Complaints handling
-
Conflicting interests
-
Risk management
-
Safeguarding vulnerable beneficiaries
Land and property:
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This charity does not own and/or lease land or property
Trustees
Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service
3 Trustee(s)
| Name | Role | Date of appointment |
Other trusteeshi ps |
Reporting status of other trusteeships |
|---|---|---|---|---|
| SUSAN JACOBS |
Trustee | 03 March 2018 |
None on record |
|
| CYNTHIA PRYCE |
Trustee | 03 March 2018 |
None on record |
|
| VERAH OTWOMA |
Chair | 03 March 2018 |
None on record |
|
| EL’LEONIA EDWARDS |
Trustee | June 2000 | None on record |
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Governing document
Governing document
Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.
CIO - FOUNDATION Registered 03 Apr 2018
Charitable objects
TO ADVANCE THE CHRISTIAN FAITH IN ACCORDANCE WITH THE STATEMENT OF BELIEFS IN SUCH WAYS AS THE TRUSTEES FROM TIME TO TIME MAY THINK FIT.
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Contact information
Address:
76 THE WOODLANDS LONDON SE19 3EH Phone: 07723346759 07403039500 Email: dcmbone@hotmail.com Eagletrain77@gmail.com
Tree of Life Resurrection Ministry Zoom Meeting: Meeting ID: 84818801110 Passcode: 839006
Link: https//us02web.zoom.us/j/84818801110?pwd=WExIvITnZOYUwrdzMrTmtyZ1Vkdz09
Website:
No information available
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