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2022-06-30-accounts

CHURCH OF GOD SEVENTH DAY (DEPTFORD) TRUSTEES' REPORT AND ACCOUNTS YEAR ENDED 30TH JUNE 2022

CHARITY REGISTRATION NO: 1180053

CHURCH OF GOD SEVENTH DAY (DEPTFORD) FINANCIAL STATEMENTS YEAR ENDED 30TH JUNE 2022

CONTENTS PAGE
LEGAL AND ADMINISTRATIVE INFORMATION 1
REPORT OF THE TRUSTEES 2-4
INDEPENDENT EXAMINERS REPORT 5
STATEMENT OF FINANCIAL ACTIVITIES 6
STATEMENT OF FINANCIAL POSITION 7
NOTES TO THE FINANCIAL STATEMENTS 8-9
DETAILED STATEMENT OF FINANCIAL ACTIVITIES 10

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CHURCH OF GOD SEVENTH DAY (DEPTFORD) LEGAL AND ADMINISTRATIVE INFORMATION YEAR ENDED 30TH JUNE 2022

CHARITY REGISTRATION NUMBER: 1180053 REGISTERED OFFICE: 20 Grange Road Thornton Heath Croydon Surrey CR7 8SA TRUSTEES: Pastor L B Smith Pastor O John Mr. R Boyd Mr S James Ms V McLean

20 Grange Road Thornton Heath Croydon Surrey CR7 8SA

INDEPENDENT EXAMINER

Allen Robyn and Associates Ltd Chartered Certified Accountants 367 Caledonian Road London N7 9DQ

2

CHURCH OF GOD SEVENTH DAY (DEPTFORD) FINANCIAL STATEMENTS REPORT OF THE TRUSTEES YEAR ENDED 30TH JUNE 2022

The trustees present their report with the financial statements of the charity for the year ended 30th June 2022. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its constitution and is registered as a CIO and received Charitable status on the 24th of September 2018. It is managed by a board of trustee and assisted by a Pastor, who is the Minister in charge. The Church remains a part of the British Conference of the Church of God (Seventh Day) by agreement.

Risk management

The Board of Trustees is ultimately responsible for the system of internal control and for reviewing its effectiveness. The system is designed to manage the risk to the Church not achieving its objectives and can provide reasonable assurance against material misstatement of loss.

OBJECTIVES AND ACTIVITIES

Objectives and Aims

The Charity's Objects are, for the benefit of the public:-

1) The advancement of the Christian religion in Deptford and the surrounding areas.

2) Coordinating the work of the Church in preaching the gospel; teaching and raising awareness and the understanding of the Christian Faith.

3) The furtherance of the charitable work of the Charity by the advancement of such other charitable purposes as the Trustees shall from time to time decide. Also, to promote the efficiency and effectiveness of other charities whose objects are similar to those of the Church.

4) The relief and/or prevention of poverty in Deptford and the surrounding areas as the Charity's Trustees may from time to time decide including but not limited to providing, funds, food, clothing, and services to those in need.

Significant activities

Weekly Sabbath Services

Morning Prayer Congregational Praise and Worship Bible Study/ Sermon of the day Structured interactive activities for all children Praise and Worship Team Practice

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CHURCH OF GOD SEVENTH DAY (DEPTFORD) REPORT OF THE TRUSTEES YEAR ENDED 30TH JUNE 2022

Other services

First Sunday Fast Service

Third Sunday Fast Service by the Women’s Ministry online Women’s Ministry meets approximately every six weeks online Wednesday evening National Bible Study (online) Thursday evening Bible Study online (local)

As a result of Covid-19 the dynamics of fellowshipping as a church has changed somewhat. Notwithstanding, the church has developed new avenues (virtual meeting platforms) to keep in touch with its members and reach out to the wider community, which is still ongoing. Through these virtual platforms members are able to connect and participate in various events/webinars of associated conferences and other agencies nationally and internationally. Workshops were Brain Development in our Teenagers, Parenting Styles and the Five Ps of Parenting etc.

As a way forward, the church is making every effort to offer more support to its members and the community at large. Ideally, having a homework hub for the local children.

Children /Seekers Ministry

It seems the residual effects of the pandemic are still impacting the youth for despite the various invitations to different forms of events, there is still a reluctance to attend. However, the Church is still determined in its efforts to have an ongoing dialogue with them, be it youth days, annual youth conference or a night out at the cinema etc.

With regards to the children, there are a number of them who are regular attendees at church and have engaged in both online and face to face activities, including the annual National Children’s Conference, where they are encouraged to participate in various activities, dancing, drawing, creative arts, story writing, poetry or quiz.

Women's Ministry

On a positive note, despite the many challenges, the Women’s Ministry has been forging along, be it baby steps. They meet online approximately every six weeks. In one project they were able to collect a quantity of pyjamas and donated them to the “Children’s Hospital Pyjamas” charity. They have also put together a quantity of food items, clothes, shoes, books, and some miscellaneous items which was shipped to a community school in Ghana. Their next goal is twofold; working with the Church as a whole, to go out on the streets and provide some form of food and basic items to those who are in need, hungry children of God, whilst incorporating the evangelism program “The Bridge”; further details at ‘thebridge@cog7thday.org.uk; “two birds with one stone”.

The Men's Ministry

The Men’s Ministry is also forging along. They meet once each month. It may look like small steps, but the recipients of their ministry are very thankful and appreciative of their helping hands. They support those who are sick through prayer and in practical ways too, i.e. financially, cooking, shopping, helping with their medical bills and assistance in the building of a home. Their ministry is far reaching, being both local and international. As with all aspects of ministry, there is still room for growth, which they are earnestly working towards.

FINANCIAL REVIEW

Reserves Policy

The Trustees aim to retain sufficient free reserves at a level which equate to a minimum of three months of unrestricted expenditure. These reserves are held in case of any sudden decline in income and to ensure that we can meet our commitments to providing our services and activities. Specifically, these commitments include our contractual obligations in relation to our support and outreach work. The Trustees have implemented robust budgetary controls to monitor costs in an effort to minimise expenditure throughout the year.

PERFORMANCE DURING THE YEAR

The Charity's total income for the year under review was £45,408 (2021: £37,761); whilst total expenditure in the year was £24,826 (2021 : £22,569). Net surplus for the year was £20,582 (2021: £15,192) and the total unrestricted reserves at the end of the financial was £308,470 (2021: £287,888). During the year the Trustees placed emphasis on financial management to ensure that the funds within the organisation are properly managed.

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CHURCH OF GOD SEVENTH DAY (DEPTFORD) REPORT OF THE TRUSTEES YEAR ENDED 30TH JUNE 2022

STATEMENT OF TRUSTEE RESPONSIBILITIES

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ON BEHALF OF THE BOARD:

Accountants

The accountants, Allen Robyn & Associates Ltd will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

5

REPORT OF THE INDEPENDENT EXAMINER #REF! CHURCH OF GOD SEVENTH DAY (DEPTFORD) YEAR ENDED 30TH JUNE 2022

I report on the accounts for the year ended 30th June 2022 set out on pages six to ten.

Respective responsibilities of trustees and examiner

The Charity's Trustees (who are also the Directors for the purposes of Company Law) are responsible for the preparation of the accounts. The Charity's Trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of the independent examiners report

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that, in any material respect, the requirements

(2) to which, in my opinion, attention should be draw in order to enable a proper understanding of the accounts to be

Rolston Allen (FCCA)

Allen Robyn & Associates Ltd Chartered Certified Accountants 367 Caledonian Road London N7 9DQ Date: 06/04/23

6

CHURCH OF GOD SEVENTH DAY (DEPTFORD) STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 30TH JUNE 2022

INCOMING RESOURCES Notes Unrestricted Unrestricted
Incoming resources from generated funds 2022 2021
Donations and Other Income 2
45,408 37,761
RESOURCES EXPENDED
Charitable Activities 3 19,072 21,484
Support Costs 4 4,914 305
Governance Costs 5 840 780
TOTAL RESOURCES EXPENDED 24,826 22,569
NET INCOME/EXPENDITURE FOR THE YEAR £20,582 £15,192
RECONCILIATION OF FUNDS
Total Funds Brought Forward 287,888 272,696
TOTAL FUNDS CARRIED FORWARD £308,470 £287,888

None of the charity's activities were acquired or discontinued during the year and there were no recognised gains and losses for 2022 nor in the prior year other than those included in the statement of financial activities.

The notes on pages 8 to 10 form part of these accounts.

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CHURCH OF GOD SEVENTH DAY (DEPTFORD) STATEMENT OF FINANCIAL POSITION YEAR ENDED 30TH JUNE 2022

TANGIBLE ASSETS
Investment property
Furnitures & Musical Equipments
CURRENT ASSETS
Petty Cash
Debtors
Cash at bank in hand
CREDITORS: within one year
Net Current Assets
CREDITORS: due after one year
TOTAL ASSETS LESS LIABILITIES
FUNDS:
Unrestricted Funds		 Unrestricted
Funds
Unrestricted
Funds
Notes
2022
2021
6
£233,405
£233,405
576
-
233,981
233,405
140
-
58,575
6,600
35,309
67,748
94,024
74,348
8
(840)
(1,170)
£93,184
£73,178
9
(18,695)
(18,695)
£308,470
£287,888
2022
2021
10
308,470
287,888
£308,470
£287,888

The financial statements were approved by the Board of Trustees on 06/04/23 and signed on its behalf by:

The notes on pages 8 to 10 form part of these accounts.

8

CHURCH OF GOD SEVENTH DAY (DEPTFORD) NOTES TO THE ACCOUNTS YEAR ENDED 30TH JUNE 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102) .The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Accounting convention

The financial statements have been prepared under the historical cost convention, the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.

Incoming resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Tithes & Offerings

Income from tithes and offerings, is included in incoming resources when these are receivable

Investment Income

Investment income consists of net interest received during the year and accounted for as unrestricted fund.

Resources expended

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Charitable activities

Costs of charitable activities are those costs relating to the activities carried out to meet the objectives Church. These include both directly attributable costs and apportioned support costs.

Governance costs

Governance costs are the costs associated with the strategic direction of the organisation and with meeting regulatory responsibilities including apportioned support cost.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible Assets 20% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund Accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

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CHURCH OF GOD SEVENTH DAY (DEPTFORD) NOTES TO THE ACCOUNTS YEAR ENDED 30TH JUNE 2022

2. VOLULTARY INCOME
Tithes and Offerings
Building Fund
Bank Interest
Rental Income
Total incoming resources
3. CHARITABLE EXPENDITURE
Christian ministry expense
Rental church premises
Books and quarterlies
Contribution to conference
Welfare and donations
Computer and Software
Venue Hire
4. SUPPORT COST
Insurance
Motor expenses
Sundry expenses
Repairs and maintenance
5.GOVERNANCE COST
Accountancy and Examiners
6. FIXED ASSETS
COST
At 1st July 2021
Additions
As at 30th June 2022
DEPRECIATION
Opening Balance
Charge for the year
NETBOOK VALUE
As at 30th June 2022
As at 30th June 2021		 Investment
Property
233,405
-
233,405
-
-
-
£233,405
£233,405		 2022
2021
32,294
30,214
2,610
3,466
57
116
10,447
3,965
£45,408
£37,761
2022
2021
86
1,095
16,500
13,500
234
821
683
3,500
1,329
1,000
-
1,568
240
-
£19,072
£21,484
2022
2021
306
305
936
-
72
-
3,600
-
£4,914
£305
2022
2021
£840
£780
Furniture and
Musical
Equipments
Total
-
233,405
576
576
576
233,981
-
-
-
-
-
-
£576
£233,981
-
£233,405		 2022
2021
32,294
30,214
2,610
3,466
57
116
10,447
3,965
£45,408
£37,761
2022
2021
86
1,095
16,500
13,500
234
821
683
3,500
1,329
1,000
-
1,568
240
-
£19,072
£21,484
2022
2021
306
305
936
-
72
-
3,600
-
£4,914
£305
2022
2021
£840
£780
Furniture and
Musical
Equipments
Total
-
233,405
576
576
576
233,981
-
-
-
-
-
-
£576
£233,981
-
£233,405		 2021
30,214
3,466
116
3,965
£37,761		 2021
2021
1,095
13,500
821
3,500
1,000
1,568
-
£21,484		 2021
2021
305
-
-
-
£305
2021
£780
Total
233,405
576
233,981		 2021
305
-
-
-
£305
2021
£780
Total

Freehold property was revalued to represent carrying values, not materially different from fair value. Revaluation was based on insurer's valuation and independent estate agents valuation

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CHURCH OF GOD SEVENTH DAY (DEPTFORD) NOTES TO THE ACCOUNTS YEAR ENDED 30TH JUNE 2022

7. TRUSTEES REMUNERATION AND BENEFITS

Trustees' expenses

There are no paid staff. All tasks are carried out by Trustees who are not remunerated and do not receive any expenses or benefits for their activities.

9. CREDITORS : within one year
Other Creditors
9. CREDITORS : due after one year
Loans from members
10. MOVEMENTS IN FUNDS
Unrestricted Funds
General Fund
Analysis of Funds
General fund for the year
Building Funds
Investment in Derby Road
Total funds		 Incoming
Resources
£45,408
1.07.2021
15,192
39,291
233,405
287,888		 Incoming
Resources
£45,408
1.07.2021
15,192
39,291
233,405
287,888		 2022
£840
2022
£18,695
Resources
Expended
£24,826
Movement in
funds
20,582
-
£20,582		 2021
£1,170
2021
£18,695
Movement in		 2021
£1,170
2021
£18,695
Movement in		 2021
£1,170
2021
£18,695
Movement in
Funds
£20,582
30.06.2022
35,774
233,405
308,470		 Funds

11

CHURCH OF GOD SEVENTH DAY (DEPTFORD) INCOME AND EXPENDITURE YEAR ENDED 30TH JUNE 2022

Incoming Resources:
Voluntary income:
Tithes and Offerings
Building Fund
Bank Interest
Rental Income
Total incoming resources
RESOURCES EXPENDED:
Charitable Expenditures
Christian ministry expense
Rental church premises
Books and quarterlies
Contribution to conference
Welfare and donations
Computer and Software
Venue Hire
SUPPORT COST
Insurance
Motor expenses
Sundry expenses
Repairs and maintenance
Governance cost
Accountancy and Examiners
Total resources expended
Net expenditure		 2022
2021
32,294
30,214
2,610
3,466
57
116
10,447
3,965
£45,408
£37,761
2022
2021
86
1,095
16,500
13,500
234
821
683
3,500
1,329
1,000
-
1,568
240
-
£19,072
£21,484
306
305
936
-
72
-
3,600
-
£4,914
£305
£840
£780
£24,826
£22,569
£20,582
£15,192		 2021