## **TREE OF LIFE RESURRECTION MINISTRY** ## **FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31ST DECEMBER 2021** **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. 2021|5| |Statement of Assets and Liabilities|6| |Notes on the financial Statements|7| 2 ## **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 2023 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: 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 Obj ~~ects of the organisation are first to a~~ dvance 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 activities 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. **FINANCIAL REVIEW** 3 The income of the charity is below £4,000. This is even a smaller amount for this 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 rent 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, 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 and De Montfort Mini Market has been helpful with funds to help during the year round, and has continued to support the Charity to survive until October 2021. This provides sufficient funds to cover all emergency expenditure that have arisen from time to time. The charity promised to pay back the part of the money borrowed once things get back to normality. The charity will seek to maintain 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: 1. Select suitable accounting policies and apply them consistently. 2. Make judgements and estimates that are reasonable and prudent. 3. State whether the applicable accounting standards have been followed. 4. 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 18[th] September 2021 and signed by: _Verah Mmbone Otwoma_ ## **TREE OF LIFE RESURRECTION MINISTRY** 4 ## **ACCOUNTS FOR THE YEAR ENDED 31st December 2023** 1. Receipts & Payments Account (General Purpose Fund) |**Income receipts**
**Donations**
**Interest**
**Total receipts**
**Direct Charitable**
**Expenditures**
Professional fees
Web hosting cost
Hall Hire
Welfare
Advertisement costs
Fuel and repair cost
Church events
Bookkeeping costs
Other Expenditure
Equipment
Fixtures and fittings
Total payments
Net receipts/(payments)
for the year
Cash Funds brought
forward
Cash Funds at the end of
the year 2021||||2023
2146.00
2146.00|2023
2146.00
2146.00|2023
2146.00
2146.00|£/2021
£3,990.00
0
£3,990.00|£/2021
£3,990.00
0
£3,990.00|£/2020
£/2019
£/2018
6827
7708
6251
0
0
0
6827
7708
6251
450
500
120
125
60
800
2900
4880
4000
220
400
989
68
200
177
360
140
30
60
300
1033
250
250
**4433**
**6730**
**7149**
Nil
Nil
Nil
Nil
Nil
Nil| |---|---|---|---|---|---|---|---|---|---| |||||||510
64
756
56
160
430
250
1546||200
150
1200
350
900
300
£3,100|| |||||
|
|Nil

Nil
|
|Nil
Nil|| ||||||1546|||£3,100|0
0
0
4433
6730
7149
2394
978
-898
2133
1155
2053
4527
2133
1155| |||||2146.00||||890|| |||||3265
3835||||4527
5507|| ||||||||||| 5 ## **TREE OF LIFE RESURRECTION MINISTRY** ## 2 **Statements of Assets and Liabilities at 31st December 2023 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**| |---|---|---|---|---|---|---|---| ||||**2023**|**£2021**|**£/2020**|**£/2019**|**£/2018**| ||||||||| |Cashat hand andinbank|||3835|4007.00|4527|2133|1155| |Debtor/Creditor||||-297.00|0|0|1500| ||||||||| ||||||||| |**Total Cash Funds**|||3835|3710.00|4527|2133|2665| ||||||||| ||||||||| ||||||||| |**Assets Retained for the**
**Charity's Ownuse**|||||||| |**Non-monetary Assets and**
**Liabilities**|||||||| |Musical Instruments|||65|Nil|Nil|Nil|Nil| |Equipment|||Nil|Nil|303|303|303| |Fixtures&Fittings|||Nil|Nil|400|400|400| ||||||||| ||||703|0.0|703|703|703| ||||||||| ||||||||| |**Liabilities**|||Nil||||| |Bookkeeping|||250|300|250|250|250| |**NET ASSETS**|||3835|3710.00|4980|2586|311
8| ||||||||| |||THESE ACCOUNTS WERE APPROVED BY THE TRUSTEES AND SIGNED BY:
VERAHM. OTWOMA|||||| 6 ## **TREE OF LIFE RESURRECTION MINISTRY** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31st December 2023** ## **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. 7 ## **TREE OF LIFE RESURRECTION MINISTRY** ## **FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31ST DECEMBER 2021** **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. 2021|5| |Statement of Assets and Liabilities|6| |Notes on the financial Statements|7| 2 ## **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 2023 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: 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 Obj ~~ects of the organisation are first to a~~ dvance 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 activities 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. **FINANCIAL REVIEW** 3 The income of the charity is below £4,000. This is even a smaller amount for this 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 rent 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, 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 and De Montfort Mini Market has been helpful with funds to help during the year round, and has continued to support the Charity to survive until October 2021. This provides sufficient funds to cover all emergency expenditure that have arisen from time to time. The charity promised to pay back the part of the money borrowed once things get back to normality. The charity will seek to maintain 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: 1. Select suitable accounting policies and apply them consistently. 2. Make judgements and estimates that are reasonable and prudent. 3. State whether the applicable accounting standards have been followed. 4. 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 18[th] September 2021 and signed by: _Verah Mmbone Otwoma_ ## **TREE OF LIFE RESURRECTION MINISTRY** 4 ## **ACCOUNTS FOR THE YEAR ENDED 31st December 2023** 1. Receipts & Payments Account (General Purpose Fund) |**Income receipts**
**Donations**
**Interest**
**Total receipts**
**Direct Charitable**
**Expenditures**
Professional fees
Web hosting cost
Hall Hire
Welfare
Advertisement costs
Fuel and repair cost
Church events
Bookkeeping costs
Other Expenditure
Equipment
Fixtures and fittings
Total payments
Net receipts/(payments)
for the year
Cash Funds brought
forward
Cash Funds at the end of
the year 2021||||2023
2146.00
2146.00|2023
2146.00
2146.00|2023
2146.00
2146.00|£/2021
£3,990.00
0
£3,990.00|£/2021
£3,990.00
0
£3,990.00|£/2020
£/2019
£/2018
6827
7708
6251
0
0
0
6827
7708
6251
450
500
120
125
60
800
2900
4880
4000
220
400
989
68
200
177
360
140
30
60
300
1033
250
250
**4433**
**6730**
**7149**
Nil
Nil
Nil
Nil
Nil
Nil| |---|---|---|---|---|---|---|---|---|---| |||||||510
64
756
56
160
430
250
1546||200
150
1200
350
900
300
£3,100|| |||||
|
|Nil

Nil
|
|Nil
Nil|| ||||||1546|||£3,100|0
0
0
4433
6730
7149
2394
978
-898
2133
1155
2053
4527
2133
1155| |||||2146.00||||890|| |||||3265
3835||||4527
5507|| ||||||||||| 5 ## **TREE OF LIFE RESURRECTION MINISTRY** ## 2 **Statements of Assets and Liabilities at 31st December 2023 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**| |---|---|---|---|---|---|---|---| ||||**2023**|**£2021**|**£/2020**|**£/2019**|**£/2018**| ||||||||| |Cashat hand andinbank|||3835|4007.00|4527|2133|1155| |Debtor/Creditor||||-297.00|0|0|1500| ||||||||| ||||||||| |**Total Cash Funds**|||3835|3710.00|4527|2133|2665| ||||||||| ||||||||| ||||||||| |**Assets Retained for the**
**Charity's Ownuse**|||||||| |**Non-monetary Assets and**
**Liabilities**|||||||| |Musical Instruments|||65|Nil|Nil|Nil|Nil| |Equipment|||Nil|Nil|303|303|303| |Fixtures&Fittings|||Nil|Nil|400|400|400| ||||||||| ||||703|0.0|703|703|703| ||||||||| ||||||||| |**Liabilities**|||Nil||||| |Bookkeeping|||250|300|250|250|250| |**NET ASSETS**|||3835|3710.00|4980|2586|311
8| ||||||||| |||THESE ACCOUNTS WERE APPROVED BY THE TRUSTEES AND SIGNED BY:
VERAHM. OTWOMA|||||| 6 ## **TREE OF LIFE RESURRECTION MINISTRY** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31st December 2023** ## **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. 7