2024-05-31-accounts

COMUNIDADE RENASCER EM CRISTO INTERNACIONAL

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST] MAY 2024

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 2024

The trustees are pleased to present their report for the year ended 31[st] May 2024 for the charity, Comunidade Renascer Em Cristo Internacional with charity number 1180866.

The Trustees of the charity are: Eleide Rodrigues Goncalo Cardoso de Oliveira Neto 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 £14,100. 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 26[th] March 2025 and signed on their behalf by:

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COMUNIDADE RENASCER EM CRISTO INTERNACIONAL

ACCOUNTS FOR THE YEAR ENDED 31st May 2024

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 Professional fees 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	£/ 2024 £/2023 14335 23215 0 0 14335 23215 0 0 604 919 1132 0 6190 4551 2923 892 0 12 594 890 459 787 400 0 0 660 1124 2638 0 621 18 0 110 0 290 1380 37 155
	13881 13505 4335 1210 0 580 79 0 0 0
	4414 1790 18295 15295 -3960 7920 7920 0
	3960 7920

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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	2024
	Monetary Assets
	Cash Funds	Unrestricted Funds
		£/2024		£/2023
		£		£
	Cash at hand and in bank		3960	7920
	Total Cash Funds		3960	7920
	Assets Retained for the
	Charity's Own use
	Non-monetary Assets and Liabilities
	Musical Instruments		514	643
	Equipments		4430	1203
	Fixtures & Fittings		180	146
			5124	1992
	Liabilities
	Bookkeeping		280	280
	NET ASSETS		8804	9632

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 2024

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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