2023-05-31-accounts

COMUNIDADE RENASCER EM CRISTO INTERNACIONAL

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST] MAY 2023

CHARITY NUMBER: 1180866

COMUNIDADE RENASCER EM CRISTO INTERNACIONAL 36 ROSEBERY GARDENS LONDON N8 8SH

INDEX Page Index 1 Trustee’s Report 2 - 3 Receipts and Payments Account 4 Statement of Assets and Liabilities 5 Notes on the financial Statements 6

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COMUNIDADE RENASCER EM CRISTO INTERNACIONAL

TRUSTEES’ REPORT YEAR ENDED 31[ST] MAY 2023

The trustees are pleased to present their report for the year ended 31[st] May 2023 for the charity, Comunidade Renascer Em Cristo Internacional with charity number 1180866.

The Trustees of the charity are: Eleide Rodrigues Nelia Tavares Carvalho Dragan Ivkovic

The principal address of the charity is : 36 Rosebery Gardens London

N8 8SH

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Charity governing document is a CIO – Foundation Constitution registered 27[th] November 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.

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 activities the charity should undertake.

ACHIEVMENTS AND PERFORMANCE

The organisation continues to hold Christian worship events to promote the Christian faith during the year in which individuals around the community were positively affected. This has produced good results in reaching and helping members of the community. The activities this year has increased in the year resulting in more people being encouraged in the community. This has also resulted in an increase in donations received.

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FINANCIAL REVIEW

The income of the charity is above £22024. This is a very fair amount for this year of the charity the costs have been well managed over this period. The organisation is still in a good position to manage its costs. The main cost of the organisation was paying for the rent of its building that it uses for worship services.

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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 maintain this level throughout the year.

RISK MANAGEMENT

The charity have assessed all the major risks to 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 mitigate exposure to major risks.

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 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.

Approved by the Trustees on 20[th] August 2024 and signed on their behalf by:

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COMUNIDADE RENASCER EM CRISTO INTERNACIONAL

ACCOUNTS FOR THE YEAR ENDED 31st May 2023

1 Receipts & Payments Account (General Purpose Fund)

Income Receipts Tithes and Offerings Interest Total Receipts Direct Charitable Expenditure Mission Refreshments Church events Hire of Hall Donations Bank charges Transport Welfare Stationary Consultancy fees Supplies Repairs & Manitenance Subscriptions Media services Honorarium Advertising Other Expenditure Equipment Instruments Fixtures & Fittings Motor expenses Total Payments Net Receipts/(Payments) for the year Cash Funds brought forward Cash Funds at the end of the year	£/ 2023 £/2022 23215 905 0 0
	23215 905
	0 0 919 33 0 0 4551 828 892 0 12 36 890 158 787 250 0 21 660 280 2638 0 621 0 0 35 0 53 1380 0 155 0
	13505 1694 1210 0 580 0 0 0 0 0
	1790 0 15295 1694 7920 -789 0 789
	7920 0

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COMUNIDADE RENASCER EM CRISTO INTERNACIONAL

**2 **	Statements of Assets and Liabilities at 31st May	Statements of Assets and Liabilities at 31st May	2023
	Monetary Assets
	Cash Funds	Unrestricted Funds
		£/2023		£/2022
		£		£
	Cash at hand and in bank		7920	0
	Total Cash Funds		7920	0
	Assets Retained for the
	Charity's Own use
	Non-monetary Assets and Liabilities
	Musical Instruments		643	224
	Equipments		1203	294
	Fixtures & Fittings		146	182
			1992	700
	Liabilities
	Bookkeeping		280	280
	NET ASSETS		9632	420

These accounts were approved by the trustees and signed on their behalf by: Eleides Rodrigues

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COMUNIDADE RENASCER EM CRISTO INTERNACIONAL

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31st May 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 no outstanding guarantees to third parties no any debts secured on the asstes 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.

Depreciation

Depreciation on equipment is calculated at 20% reducing balance method

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