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2021-11-30-accounts

OIKOS CHURCH

TRUSTEES ANNUAL REPORT AND UNAUDITED FINANCIAL REPORTS

FOR THE YEAR ENDED 30[th] November 2021

CHARITY NUMBER 1180241

OIKOS CHURCH Fisher House 32 Mitcham Lane London SW16 6NW

INDEX

TRUSTEES & ADMINISTRATIVE DETAILS ....................................................................... 3 STATEMENT OF FINANCIAL ACTIVITIES ........................................................................ 4 BALANCE SHEET ......................................................................................................... 5 TRUSTEE’S ANNUAL REPORT (TAR) .............................................................................. 6 NOTES TO THE ACCOUNTS .......................................................................................... 9

TRUSTEES & ADMINISTRATIVE DETAILS YEAR ENDED 30[TH ] NOVEMBER 2021

CHARITY NAME

OIKOS CHURCH

CHARITY NUMBER

1180241

CHARITY ADDRESS

OIKOS CHURCH Fisher House 32 Mitcham Lane London SW16 6NW

GOVERNING DOCUMENT

CIO-FOUNDATION CONSTITUTION Registered on 8[th] October 2018

TRUSTEES DURING THE YEAR

Icenil Marcos Scarabelli

Ivanir Scarabelli Jhonatan Scarabelli

OIKOS CHURCH

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30[TH] NOVEMBER 2021

Income and endowments from:
Donations and legacies
Investments
Total
Expenditure on:
Raising funds
Charitable activities
Total
Net income/expenditure
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 2021
2020
£
0
24652
0
24652
0
18741
546
7436
546
26177
(546)
(1525)
546
2071
0
546

OIKOS CHURCH

BALANCE SHEET

AS OF 30[TH] NOVEMBER 2021

Current Asset:
Cash at bank and in hand
Net current assets
Total assets less current
liabilities
Net assets
The funds of the charity:
Unrestricted income funds
Total funds		 2021
2020
£
0
546
0
546
0
546
0
546
0
546
0
546

OIKOS CHURCH

TRUSTEE’S ANNUAL REPORT (TAR)

FOR THE YEAR ENDED 30[TH ] NOVEMBER 2021

1. INTRODUCTION AND CHARITY DETAILS

Charity Name:

OIKOS CHURCH

Charity Registration Number: 1180241

Charity Registered Address: Fisher House 32 Mitcham Lane London SW16 6NW

The trustees of the charity are:

Icenil Marcos Scarabelli Ivanir Scarabelli Jhonatan Scarabelli

2. STRUCTURE, GOVERNANCE AND MANAGEMENT

The charity is governed by a CIO – Foundation Constitution registered on 18[th] October 2018. 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.

3. OBJECTIVES AND ACTIVITIES

The object of the organisation is to advance the Christian faith for the benefit of the public throughout London in accordance with the declaration of faith by providing facilities for Christian worship, prayer, religious education, celebrating religious festivals, conducting religious ceremonies, missionary work, outreach and pastoral care in the community.

4. PUBLIC BENEFIT STATEMENT

In line with the Charity Commission guidance, the trustees confirm that our activities provide a clear public benefit. However, the organisation did not hold services throughout the year due to pandemic restrictions

5. FINANCIAL REVIEW

The charity had no income or expenditure during the financial year other than the settlement of outstanding bills using existing bank funds. At the start of the year, the charity held cash reserves of £546. These funds were used to meet final liabilities, and the balance was reduced to £0 by the end of the year. There were no restricted funds, grants, or donations received during the year.

6. FUTURE PLANS & OBJECTIVES

The charity is applying to be recognised by HM Revenue and Customs (HMRC) to get tax back on Gift Aid donations so we can increase our fundraising efforts to raise additional funds. They also plan to support more families in need and plan to continue to host its regular services and conferences in the coming year.

7. 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 achieve this level throughout the next financial years.

8. GOVERNANCE & RISK MANAGEMENT

The charity has assessed all the major risks to which the charity is exposed, in particular those related to operations and finances of the charity and is satisfied that systems are in place to mitigate exposure to major risks.

9. STATEMENT OF TRUSTEES’ 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 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.

The trustees confirm that they have:

Approved by the Trustees on 08[th] October 2025 and signed on their behalf by:

Jhonatan Scarabelli

Chair

OIKOS CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30[th] NEVEMBER 2021

ACCOUNTING POLICIES

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 following the Statement of Recommended Practice: Accounting and Reporting by Charities Preparing their accounts following the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014.

  1. Going Concern: The accounts are prepared on a going concern basis.

  2. The accounts present a true and fair view and no change have been made to the accounting policies adopted.

  3. No changes to the accounting estimates have occurred in the reporting period.

  4. No material prior-year errors have been identified in the reporting period.

RECOGNITION OF INCOME

These are included in the Statement of Financial Activities (SOFA) when:

  1. The charity becomes entitled to resources.

  2. It is more likely than not that the trustees will receive the resources.

  3. 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.

However, it is worth noting that as 30[th] November 2021, the charity was not yet registered with HMR&C and consequently had not received any amount as gift aid on donations and gifts.

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.

Creditors

The charity has no creditors.

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 the balance method.

Debtors

The charity has no debtors.