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2022-12-31-accounts

Charity registration number: 1180885

Christ Life Ministries (Leicester)

Annual Report and Financial Statements

for the Year Ended 31 December 2022

Christ Life Ministries (Leicester)

Contents

Reference and Administrative Details 1
Trustee' Report 2 to 3
Statement of Trustee' Responsibilities 4
Accountants' Report 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9 to 14

Christ Life Ministries (Leicester)

Reference and Administrative Details

Trustee Chinedun Okpokiri Faith Nyandoro Secretary Faith Nyandoro Charity Registration Number 1180885 Principal Office 84 Vaughan Way Leicester LE1 4SJ Independent Examiner RM Accountancy Services Castle Cavendish Works Nottingham NG7 5PN

Page 1

Christ Life Ministries (Leicester)

Trustee' Report

The trustee present the annual report together with the financial statements of the charity for the year ended 31 December 2022.

Objectives and activities

Objectives, strategies and activities

To support the community by holding Christian services and conferences.

Public benefit

The charity has been able to support the community by holding Christian services and conferences in the financial year.

The trustee confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Trustees and officers

The trustees and officers serving during the year and since the year end were as follows:

Trustee: Chinedun Okpokiri Faith Nyandoro

Chairman: Secretary: Faith Nyandoro

Financial instruments

Objectives and policies

The charity’s activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity’s policies approved by the board of trustee, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.

Credit risk

The charity’s principal financial assets are bank balances and cash, trade and other receivables, and investments. The charity’s credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.

The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies.

The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.

The annual report was approved by the trustee of the charity on 18 July 2023 and signed on its behalf by:

Page 2

Christ Life Ministries (Leicester)

Trustee' Report

The annual report was approved by the trustee of the charity on 18 July 2023 and signed on its behalf by:

......................................... Faith Nyandoro Secretary and Trustee

Page 3

Christ Life Ministries (Leicester)

Statement of Trustee' Responsibilities

The trustee are responsible for preparing the trustee' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

The law applicable to charities requires the trustee 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 of the charity for that period. In preparing these financial statements, the trustee are required to:

The trustee are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustee 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.

Approved by the trustee of the charity on 18 July 2023 and signed on its behalf by:

Page 4

Chartered Accountants' Report to the Trustee on the Preparation of the Unaudited Statutory Accounts of Christ Life Ministries (Leicester) for the Year Ended 31 December 2022

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Christ Life Ministries (Leicester) for the year ended 31 December 2022 as set out on pages 7 to 14 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/ ].

This report is made solely to the Board of Directors of Christ Life Ministries (Leicester), as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Christ Life Ministries (Leicester) and state those matters that we have agreed to state to the Board of Directors of Christ Life Ministries (Leicester), as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Christ Life Ministries (Leicester) and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Christ Life Ministries (Leicester) has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and results of Christ Life Ministries (Leicester). You consider that Christ Life Ministries (Leicester) is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Christ Life Ministries (Leicester). For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

18 July 2023

Page 5

Christ Life Ministries (Leicester)

Independent Examiner's Report to the trustees of Christ Life Ministries (Leicester)

I report to the trustee on my examination of the accounts of Christ Life Ministries (Leicester) for the year ended 31 December 2022.

Responsibilities and basis of report

As the charity trustee of Christ Life Ministries (Leicester) you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Christ Life Ministries (Leicester)'s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of Christ Life Ministries (Leicester) as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

...................................... Ruksanna Malik, AAIA Association of International Accountants

Castle Cavendish Works Nottingham NG7 5PN

18 July 2023

Page 6

Christ Life Ministries (Leicester)

Statement of Financial Activities for the Year Ended 31 December 2022

Note
Income and Endowments from:
Donations and legacies
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net expenditure
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
12
Note
Income and Endowments from:
Donations and legacies
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net income
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
12		 Unrestricted
funds
£
22,811
22,811
(21,588)
(2,183)
(23,771)
(960)
(960)
2,498
1,538
Unrestricted
funds
£
14,278
14,278
(12,610)
(340)
(12,950)
1,328
1,328
1,170
2,498		 Total
2022
£
22,811
22,811
(21,588)
(2,183)
(23,771)
(960)
(960)
2,498
1,538
Total
2021
£
14,278
14,278
(12,610)
(340)
(12,950)
1,328
1,328
1,170
2,498

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2021 is shown in note 12.

The notes on pages 9 to 14 form an integral part of these financial statements. Page 7

Christ Life Ministries (Leicester)

(Registration number: 1180885) Balance Sheet as at 31 December 2022

Note
Fixed assets
Tangible assets
9
Current assets
Cash at bank and in hand
10
Creditors: Amounts falling due within one year
11
Net current assets
Net assets
Funds of the charity:
Unrestricted income funds
Unrestricted funds
Total funds
12		 2022
£
1,284
408
(154)
254
1,538
1,538
1,538		 2021
£
1,949
459
90
549
2,498
2,498
2,498

The financial statements on pages 7 to 14 were approved by the trustee, and authorised for issue on 18 July 2023 and signed on their behalf by:

The financial statements on pages 7 to 14 were approved by the trustee, and authorised for issue on 18 July 2023 and signed on their behalf by:

......................................... Faith Nyandoro Secretary and Trustee

The notes on pages 9 to 14 form an integral part of these financial statements. Page 8

Christ Life Ministries (Leicester)

Notes to the Financial Statements for the Year Ended 31 December 2022

1 Accounting policies

Statement of compliance

The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Basis of preparation

Christ Life Ministries (Leicester) meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

Exemption from preparing a cash flow statement

The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.

Going concern

The trustee consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Donations and legacies

Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Raising funds

These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Page 9

Christ Life Ministries (Leicester)

Notes to the Financial Statements for the Year Ended 31 December 2022

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustee’s meetings and reimbursed expenses.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets costing £0.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate
Fixtures fittings and equipment 25% SLM

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustee's discretion in furtherance of the objectives of the charity.

2 Income from donations and legacies

Donations and legacies;
Donations from individuals
Total for 2022
Total for 2021		 Unrestricted
funds
General
£
22,811
22,811
14,278		 Total
funds
£
22,811
22,811
14,278

Page 10

Christ Life Ministries (Leicester)

Notes to the Financial Statements for the Year Ended 31 December 2022

3 Expenditure on raising funds

a) Investment management costs

Note
Allocated support costs
Total for 2022
Total for 2021		 Unrestricted
funds
General
£
21,588
21,588
12,610		 Total
funds
£
21,588
21,588
12,610
Total
costs
£

4 Expenditure on charitable activities

Note
Governance costs
Total for 2021		 Unrestricted
funds
General
£
2,183
340		 Total
funds
£
2,183
340
Total
expenditure
£

5 Analysis of governance and support costs

Governance costs

Other governance costs
Total for 2022
Total for 2021		 Unrestricted
funds
General
£
2,183
2,183
340		 Total
funds
£
2,183
2,183
340

Page 11

Christ Life Ministries (Leicester)

Notes to the Financial Statements for the Year Ended 31 December 2022

6 Net incoming/outgoing resources

7 Trustee remuneration and expenses

The amount expenses waived by the trustee during the year totalled £Nil (2021 - £Nil).

Page 12

Christ Life Ministries (Leicester)

Notes to the Financial Statements for the Year Ended 31 December 2022

8 Taxation

The charity is a registered charity and is therefore exempt from taxation.

9 Tangible fixed assets

Cost
At 1 January 2022
Additions
At 31 December 2022
Depreciation
At 1 January 2022
Charge for the year
At 31 December 2022
Net book value
At 31 December 2022
At 31 December 2021
10 Cash and cash equivalents
Cash at bank
11 Creditors: amounts falling due within one year
Trustee current accounts
Other creditors
Accruals		 Furniture and
equipment
£
3,093
145
3,238
1,144
810
1,954
1,284
1,949
2022
£
408
2022
£
(510)
(1)
665
154		 Furniture and
equipment
£
3,093
145
3,238
1,144
810
1,954
1,284
1,949
2022
£
408
2022
£
(510)
(1)
665
154		 Total
£
3,093
145
3,238
1,144
810
1,954
1,284
1,949
2021
£
459
3,238
1,144
810
1,954
1,284
1,949
2022
£
408
2022
£
(510)
(1)
665
154
2021
£
(510)
-
420
(90)

12 Funds

Page 13

Christ Life Ministries (Leicester)

Notes to the Financial Statements for the Year Ended 31 December 2022

Unrestricted funds
General
Unrestricted funds
General		 Balance at 1
January 2022
£
2,498
Balance at 1
January 2021
£
1,170		 Incoming
resources
£
22,811
Incoming
resources
£
14,278		 Resources
expended
£
(23,771)
Resources
expended
£
(12,950)		 Balance at 31
December
2022
£
1,538
Balance at 31
December
2021
£
2,498

Page 14

Christ Life Ministries (Leicester)

Statement of Financial Activities by fund for the Year Ended 31 December 2022

Income and Endowments from:
Donations and legacies
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net (expenditure)/income
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Total
Unrestricted
Funds
2022
£
22,811
22,811
(21,588)
(2,183)
(23,771)
(960)
(960)
2,498
1,538		 Total
Unrestricted
Funds
2021
£
14,278
14,278
(12,610)
(340)
(12,950)
1,328
1,328
1,170
2,498

This page does not form part of the statutory financial statements. Page 15

Christ Life Ministries (Leicester)

Detailed Statement of Financial Activities for the Year Ended 31 December 2022

Income and Endowments from:
Donations and legacies (analysed below)
Total income
Expenditure on:
Raising funds (analysed below)
Charitable activities (analysed below)
Total expenditure
Net (expenditure)/income
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Total
2022
£
22,811
22,811
(21,588)
(2,183)
(23,771)
(960)
(960)
2,498
1,538		 Total
2021
£
14,278
14,278
(12,610)
(340)
(12,950)
1,328
1,328
1,170
2,498

This page does not form part of the statutory financial statements. Page 16

Christ Life Ministries (Leicester)

Detailed Statement of Financial Activities for the Year Ended 31 December 2022

Donations and legacies
Appeals and donations
Raising funds
Rent
Light, heat and power
Repairs and maintenance
Relocation funds
Telephone and fax
Computer software and maintenance costs
Printing, postage and stationery
Books and journals
Motor expenses
Advertising
Accountancy fees
Consultancy fees
Depreciation of office equipment
Charitable activities
Cleaning
Religious services		 Total
2022
£
22,811
22,811
(11,900)
(1,631)
(848)
(2,500)
(1,452)
(705)
(398)
(72)
(351)
(572)
(350)
-
(809)
(21,588)
(40)
(2,143)
(2,183)		 Total
2021
£
14,278
14,278
(8,960)
(639)
(133)
-
(84)
(490)
(160)
(393)
(148)
(146)
(420)
(264)
(773)
(12,610)
-
(340)
(340)

This page does not form part of the statutory financial statements. Page 17