CHURCH OF GOD SEVENTH DAY (DEPTFORD) TRUSTEES' REPORT AND ACCOUNTS YEAR ENDED 30TH JUNE 2024
CHARITY REGISTRATION NO: 1180053
CHURCH OF GOD SEVENTH DAY (DEPTFORD) FINANCIAL STATEMENTS YEAR ENDED 30TH JUNE 2024
| 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 2024
| 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 | |
| INDEPENDENT EXAMINER | Allen Robyn and Associates Ltd |
| Chartered Certified Accountants | |
| 367 Caledonian Road | |
| London | |
| N7 9DQ |
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CHURCH OF GOD SEVENTH DAY (DEPTFORD) FINANCIAL STATEMENTS REPORT OF THE TRUSTEES YEAR ENDED 30TH JUNE 2024
The trustees present their report with the financial statements of the charity for the year ended 30th June 2024. 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 trustees 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 it 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
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Morning Prayer
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Congregational Praise and Worship
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Bible Study
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Sermon of the day
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Structured interactive activities for all children
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Praise and Worship Team Practice
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CHURCH OF GOD SEVENTH DAY (DEPTFORD) REPORT OF THE TRUSTEES YEAR ENDED 30TH JUNE 2024
Other services
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First Sunday Fast Service
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Third Sunday Fast Service by the Women’s Ministry online
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Women’s Ministry meets approximately every six weeks online.
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Men’s Ministry meets once per month.
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Wednesday evening National Bible Study (online)
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Thursday evening Bible Study online (local)
Although Covid-19 has subsided, the dynamics of fellowship as a church has changed dramatically. However, despite the changes, the church still endeavour to keep in touch with its members and the wider community. With virtual platforms now being an integral part of the communicating system world-wide, it enables the church to connect with individuals and other agencies nationally and internationally.
The church’s goal remains the same, to support its members and the community at large.
Children /Seekers Ministry
Although the pandemic had subsided, its effects still lingers on. However, the Church is still determined in its efforts to have an ongoing dialogue with them, be it youth days, annual youth conference etc.
There are several children who are regular attendees at church and have participated in various activities, including the annual National Children’s Conference. They are encouraged to participate in the various activities, dancing, singing, drawing, creative arts, story writing, poetry, or quiz.
Women's Ministry
The Women’s Ministry has been forging along despite the aftereffects of the pandemic. They continue to meet online approximately every six weeks. Following the success of the donations of pyjamas to the “Children’s Hospital Pyjamas” charity, the women have reached out to other organisations in the community to volunteer their time and resources. They have also volunteered at a sister church; participating in their very successful ‘Baby Bank’ scheme, which serves the local and surrounding communities. In addition, they were able to ship a quantity of food items, clothes, shoes, books, and some miscellaneous items to a community school in Ghana. Working with the Church as a whole, they went out on the streets to interact with the public using literature from the evangelism program “The Bridge”; further details at ‘thebridge@cog7thday.org.uk”. Interested persons can register for an online thirteen-week bible course for free. They also organised a thanksgiving and appreciation event, for senior members of the Church.
The Men's Ministry
Like most departments, the Men’s Ministry is up against the aftereffects of the pandemic. Nonetheless, they continue meet once each month. Their support of those who are sick through prayer and in other practical ways, i.e., financially, cooking and shopping continues. 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.
CHURCH OF GOD SEVE14TH DAY IDEPTFORDI REPORT OF THE TRUSTEES YEAR ENDED TH JUNE 2024 PERFORAIANCE DURING THE YEAR The Charfws lotal inKne the year urthr £43.59912023'. £412171: whilst total expendlure in the year was £31,24212023.. £47.2101. Netswrlus for the year was £12,35T12023". £15.9931 defiull and the tcrtal unreStrd reserves 81 the end of thè finanLial £336.826 12023.. £321,203). DLJfTng the yearttrE TTUSt8es F4aced emas15 on fina1 rnarwment io ensure thal Ih funds with#i the orgatiisabtsn a kvopety maro@. STATEMENT OF TRUSTEE RESPONSIBILtFIES The truste88 ar8 reSp(rtSb for preparmg the Report oflhe Trustees j Ihe fina[1 ststements in a¢cor¢Jance with aFWic2b law and un$t AKminlirYJ Standarts (Uniied >Qr¥Jdom GerallY Acceple<l AccnI1 Practi). The law appltcabk to chanbes in and Wales. the Charibes Act 2011. Charity (Accounts and Rep) RegulalK)ns 2(K18 Ihe of the tntst deed requi$ the knjstees to prepare financial statements tor each financial year which give a and fair vi8w of the state of 8ffairs ol the cntY of lh8 resour and appltcalion of resoLtrCeS. 1rulyKj tf income and expenditure. of the (tharity for Ihal p¥KMJ. In paring Ihose finanLial statements. the truslees are . Sele(% suilabte accc9 wAicies and then apply tIrn C(SistenI1y.' - observe the methtkts and priTKiples in Ihe Charity SORP". - make judgements and 83lnales arE Onale and prudenL - preparè the finala1 statements the w'ng C<eM tsis unless rl is Kiapyropriate to Presuff thal IhÈ Charity wll Lx>nlinue tn trMJ&ness. The truslees afe respSIble Ic¥ k•8pw¥J proper UntA¥j reccts digdos8 With reasonab acGUWW at any time the rtnancsal ptssI of the tharily and lo enable them 10 8ngur8 thai thé ffftanckAI slalements o)mpty wrth the Chaiities Aci 2011. Ihe Chaity (ACcntS and Rerts) Regulations 20[ aTrJ the t¥ovnS ofthe trust dJ. Thty are also reSp¢s1b1e for safè3uardirKd t assets of Ihe charity and he ts takw¥J rb880 St fthe Fwention aThJ detect1 of fraud and other irregu12rtlies. ON BEHALF OF THEBOARD.. Aecountits The acuuntants. Allen Robyn & A88fyi8tes ¥wll be re-8WXMnlm8nt the forlhccthing Arnual G8r*ral MeÈb"n9. ON BEHALF OF THE BOARD:
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REPORT OF THE INDEPENDENT EXAMINER CHURCH OF GOD SEVENTH DAY (DEPTFORD) YEAR ENDED 30TH JUNE 2024
I report on the accounts for the year ended 30th June 2024 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:
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examine the accounts under Section 145 of the 2011 Act
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to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and
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to state whether particular matters have come to my attention.
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
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to keep accounting records in accordance with Section 386 and 387 of the Companies Act 2006; and
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to prepare accounts which accord with the accounting records, comply with the accountings requirement of Sections 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or
(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: 03/04/2025
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CHURCH OF GOD SEVENTH DAY (DEPTFORD) STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 30TH JUNE 2024
| INCOMING RESOURCES |
Notes | Unrestricted | Unrestricted |
|---|---|---|---|
| Incoming resources from generated funds | 2024 | 2023 | |
| Donations and Other Income | 2 | ||
| 43,599 | 41,217 | ||
| RESOURCES EXPENDED | |||
| Charitable Activities | 3 | 29,584 | 44,909 |
| Support Costs | 4 | 525 | 1,461 |
| Governance Costs | 5 | 1,133 | 840 |
| TOTAL RESOURCES EXPENDED | 31,242 | 47,210 | |
| NET INCOME/EXPENDITURE FOR THE YEAR | £12,357 | (£5,993) | |
| RECONCILIATION OF FUNDS | |||
| Transfers between funds | 10 | 3,266 | - |
| Total Funds Brought Forward | 321,203 | 327,196 | |
| TOTAL FUNDS CARRIED FORWARD | £336,826 | £321,203 |
None of the charity's activities were acquired or discontinued during the year and there were no recognised gains and losses for 2024 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.
CHURCH OF GOD SFdENTH DAY IOEvfFORDI STATEMENT OF FINANCIAL posmoN YEAR ENDED TH JUNE 2024 Unrestrlci•d UnrgNtrkt•d Fund3 Funds 2024 2023 TANGIBLE $SETs Inveslment property Furnitures & mus1 EquIpOts 233.40S 233,405 CURREPff AsSs Petty Cash DebltM5 CÈsh at bank in ha)d 19.0 47A75 CREDrroRS'. wlthln on• y*ar £1 o £87 337 £32 TOTAL ASSETS LESS LL4BILmES FUNDS: Unre8trict& 2024 2023 10 The fin8nrA81 Statem wereapFYoved by Board ofTrustee5 Slgned on its behalf by. Tr$
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CHURCH OF GOD SEVENTH DAY (DEPTFORD) NOTES TO THE ACCOUNTS YEAR ENDED 30TH JUNE 2024
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 2024
| 2. VOLULTARY INCOME Tithes and Offerings Building Fund Bank Interest Rental Income Other Income Total incoming resources 3. CHARITABLE EXPENDITURE Christian ministry expense Rental church premises Books and quarterlies Contribution to conference Evangelism and Special Events Welfare and donations Venue Hire 4. SUPPORT COST Insurance Motor expenses Sundry expenses Repairs and maintenance Depreciation 5.GOVERNANCE COST Accountancy and Examiners 6. FIXED ASSETS COST At 1st July 2022 Additions As at 30th June 2023 DEPRECIATION Opening Balance Charge for the year NETBOOK VALUE As at 30th June 2024 As at 30th June 2023 |
Investment Property 233,405 - 233,405 - - - £233,405 £233,405 |
2024 2023 28,176 28,733 540 40 - 128 11,447 4,867 3,436 7,449 £43,599 £41,217 2024 2023 6,088 111 19,700 19,500 540 1,051 2,056 20,204 1,000 1,248 200 2,465 - 330 £29,584 £44,909 2024 2023 213 337 - 869 312 140 - - - 115 £525 £1,461 2024 2023 £1,133 £840 Furniture and Musical Equipments Total 576 233,981 889 889 1,465 234,870 115 115 293 293 408 408 £1,057 £234,462 £461 £233,866 |
2024 2023 28,176 28,733 540 40 - 128 11,447 4,867 3,436 7,449 £43,599 £41,217 2024 2023 6,088 111 19,700 19,500 540 1,051 2,056 20,204 1,000 1,248 200 2,465 - 330 £29,584 £44,909 2024 2023 213 337 - 869 312 140 - - - 115 £525 £1,461 2024 2023 £1,133 £840 Furniture and Musical Equipments Total 576 233,981 889 889 1,465 234,870 115 115 293 293 408 408 £1,057 £234,462 £461 £233,866 |
2024 2023 28,176 28,733 540 40 - 128 11,447 4,867 3,436 7,449 £43,599 £41,217 2024 2023 6,088 111 19,700 19,500 540 1,051 2,056 20,204 1,000 1,248 200 2,465 - 330 £29,584 £44,909 2024 2023 213 337 - 869 312 140 - - - 115 £525 £1,461 2024 2023 £1,133 £840 Furniture and Musical Equipments Total 576 233,981 889 889 1,465 234,870 115 115 293 293 408 408 £1,057 £234,462 £461 £233,866 |
2023 28,733 40 128 4,867 7,449 £41,217 |
2023 |
|---|---|---|---|---|---|---|
| 2023 111 19,500 1,051 20,204 1,248 2,465 330 £44,909 |
2023 | |||||
| 2023 337 869 140 - 115 £1,461 2023 £840 Total 233,981 889 234,870 |
2023 | |||||
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 2024
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.
| 8. DEBTORS : within one year Loans to members 9. CREDITORS : within one year Other Creditors 10. MOVEMENTS IN FUNDS Unrestricted Funds General Fund Analysis of Funds General fund for the year Adjustment Building Funds Investment in Derby Road Total funds |
Incoming Resources £43,599 1.07.2023 48,507 - 39,291 233,405 321,203 |
Incoming Resources £43,599 1.07.2023 48,507 - 39,291 233,405 321,203 |
2024 £19,600 2024 £8,290 Resources Expended £31,242 Movement in funds 12,357 (7,450) 10,716 - £15,623 |
2023 £58,575 2023 £840 Movement in |
2023 £58,575 2023 £840 Movement in |
|---|---|---|---|---|---|
| Funds £12,357 30.06.2023 60,864 (7,450) 50,007 233,405 336,826 |
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CHURCH OF GOD SEVENTH DAY (DEPTFORD) INCOME AND EXPENDITURE YEAR ENDED 30TH JUNE 2024
| Incoming Resources: Voluntary income: Tithes and Offerings Building Fund Bank Interest Rental Income Other Income Total incoming resources RESOURCES EXPENDED: Charitable Expenditures Christian ministry expense Rental church premises Books and quarterlies Contribution to conference Evangelism and Special Events Welfare and donations Venue Hire SUPPORT COST Insurance Motor expenses Sundry expenses Repairs and maintenance Depreciation Governance cost Accountancy and Examiners Total resources expended Net expenditure |
2024 2023 28,176 28,733 540 40 - 128 11,447 4,867 3,436 7,449 £43,599 £41,217 2024 2023 6,088 111 19,700 19,500 540 1,051 2,056 20,204 1,000 1,248 200 2,465 - 330 £29,584 £44,909 213 337 - 869 312 140 - 0 - 115 £525 £1,461 £1,133 £840 £31,242 £47,210 £12,357 (£5,993) |
2023 |
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