CHARITY REGISTRATION NUMBER 1181193
Flaming Bible Church UK North London
Financial Statements For The Year Ended 30 September 2022
Raywin P-Cole & Co Ltd
Chartered Certified Accountants ACCA Registered Firm 131 Tivoli Road, West Norwood London SE27 0EE
Flaming Bible Church UK North London
Financial Statements For The Year Ended 30 September 2022
Contents
| Page | |
|---|---|
| Trustees Annual Report | 1 - 2 |
| Chartered Accountants' report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the accounts | 6 - 7 |
Flaming Bible Church UK North London
Trustees Annual Report for the year ended 30th September 2021
Introduction
We are pleased to present the Trustees' Annual Report of Flaming Bible Church UK North London for the financial year ending 30 July 2023. This report aims to provide an overview of our charity's work, sources of funding, and a breakdown of how the funds were utilised in the past year.
About Our Charity's Work
Flaming Bible Church UK North London is dedicated to the promotion of faith and religious activities, as well as supporting old and vulnerable people, children, youth, and families. Throughout the year, we have actively pursued our charitable objectives and made significant progress in achieving our goals. We have been focused on working with other charities such as Young Minds Trust and Age UK to support young and old people in the UK. Our activities include assisting old and disabled people with their shopping and cleaning their homes, counselling young boys with behavioural issues, supporting the educational needs of children and young people, providing music lessons for all ages, and helping children with education and welfare in Africa, specifically in the Gambia.
Sources of Funding
The main source of funding for Flaming Bible Church UK North London is through member giving in the church. We are grateful for the generous contributions received from our members, which have played a vital role in sustaining and expanding our charitable activities.
Expenditure and Allocation of Funds
In the past year, we have diligently managed our resources to maximise the impact of every pound donated. Our expenditures can be summarized as follows in addition to rental expenses:
a. Donations to Other Charities: We have made monthly donations to charities such as Young Minds Trust and Age UK to support their initiatives in assisting young and old people in the UK. These funds have been utilised to provide essential services and programs for the beneficiaries. These donations are also consistent with our mission of supporting the educational and welfare needs of the youth from different backgrounds.
b. Support for Old and Disabled People: The charity also devotes it’s time and financial resources through its members to assisting old and disabled people in our community. This includes activities such as shopping assistance, home cleaning services, and providing emotional support.
c. Counselling Services for Young Boys: The charity takes every opportunity to provide counselling support specifically tailored for the youths with behavioural issues. These services aim to address their challenges, provide guidance, and promote their overall well-being.
d. Educational Support for Children and Young People: The charity dedicates its time and resources to supporting the educational and spiritual needs of children and young people within our community. This includes providing resources such as online academic support and weekend bible studies and mentoring programs to enhance their personal growth and learning experience.
e. Music Lessons: The charity provides music lessons for individuals of all ages. These lessons aim to promote artistic expression, personal growth, and cultural enrichment.
f. Support for Education and Welfare in Africa (the Gambia): The charity supports children's education and welfare initiatives in the Gambia. These funds are utilised to provide educational resources, scholarships, and improve the overall well-being of children in the region.
Impact and Achievements
Through our collective efforts, we have achieved significant milestones and positively impacted the lives of our beneficiaries. Some notable achievements during the financial year include:
Growth of online activities: In response to the COVID-19 pandemic, Flaming Bible Church UK North London has successfully transitioned to conducting online prayer and Bible studies. These activities have continued, and our Sunday service is also broadcast online via Zoom communications.
Membership increases and baptisms: Despite the challenges posed by the pandemic, we have experienced a growth in church membership and conducted five baptisms this year. This growth signifies the positive impact of our outreach efforts. Children's ministry expansion: Our children's ministry has grown, allowing us to provide spiritual guidance and support to a larger number of children within our community.
Continued free breakfast events: We have continued to organize free breakfast events for the local community, fostering a sense of togetherness and providing nourishment to those in need.
Future Plans
Strengthen Online Presence: The charity plans to continue building on the success of online activities which were initiated during the pandemic to enhance its online presence by investing in technology and resources. This will help the ministry to improve the quality of its online broadcasts, expanding the reach of virtual prayer and Bible studies. This will also enhance interactive engagements with members and the wider community.
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Community Outreach Programs: The charity plans to expand the scope of community outreach programs to address the specific needs of the local area. This involves partnering with local organizations, schools, and community centres to provide additional support to vulnerable individuals.
Food bank: The trustees are currently discussing the feasibility for establishing a food bank service to support the local community. With the higher living costs experienced by members and the community, this resource would provide much needed relief to the members and the community at large.
Youth Empowerment Initiatives: The charity intends to develop targeted programs and initiatives to empower and support young people within the community. This includes mentorship programs, life skills training, leadership development, and educational support. The charity also intends to collaborate with local schools and youth organizations to reach a wider audience and maximize impact.
Interfaith Dialogue and Collaboration: The plan is to foster interfaith dialogue and collaboration to promote understanding, tolerance, and community cohesion. This will involve Organising events and initiatives that bring together individuals from diverse faith backgrounds to engage in constructive conversations, workshops, and joint community projects.
Sustainable Fundraising Strategies: Despite the relative success of the charity, finances remain a huge barrier to achieving most of our goals. In response to this challenge, the charity intends to diversify fundraising efforts by exploring additional sources of funding, such as grant applications, corporate partnerships, and community fundraising events. These new strategies may provide sustainable sources of revenue streams to ensure long-term financial stability.
Conclusion
We extend our heartfelt gratitude to all our members, donors, volunteers, staff members, and trustees for their unwavering support and dedication to Flaming Bible Church UK North London. Without their contributions, none of our achievements would have been possible. We remain steadfast in our commitment to transparency, accountability, and making a meaningful difference in the lives of those we serve.
The Board of Trustees Administration Office/secretary Reverend Anthony Marrah Felix Kachimanga Elder Paul Luke
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Flaming Bible Church UK North London
Independent Examiner's Report to the Trustees and Members
We report on the accounts of the Trust for the year ended 30 September 2022 which are set out on the annexed pages.
Respective Responsibilities of the Trustees and Examiner
The Trustees of the Charity are responsible for the preparation of the accounts; and consider that the audit requirement of section 144(2) of the Charities Act 2011 does not apply and that an independent examination is needed. It is our responsibility to:
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examine the accounts under section 145 of the 2011 Act;
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to follow the procedures specified in 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 our attention.
Basis of Independent Examiner's Report
Our examination was carried out in accordance with general directions given by the Charity Commission. An examination includes includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts and the report is limited to those matters set out in the statement below.
Independent Examiner's Statement
In connection with our examination, no matter has come to our attention:
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1) Which gives us reasonable cause to believe that in any material respect the requirements
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to keep accounting records in accordance with section 130 of the 2011 Act;
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and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met;
or
- 2) To which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Raywin P-Cole & Co Ltd
Chartered Certified Accountants ACCA Registered Firm 131 Tivoli Road, West Norwood London SE27 0EE
28 July 2023
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Flaming Bible Church UK North London Statement of Financial Activities for the year ended 30 September 2022
| Incoming Resources Donations Resources Expended Charitable activities Mission Travel & Subsistence Personnel Costs Motor Expenses Printing, stationery & postages Community Mission Overseas/Mission Donations Telephone & Fax Light & Heat Church Rent & Rates Insurance Development Programme Governance costs Accountancy Legal & Professional Fees Bank Charges Total Resources Expended Net incoming/(outgoing) resources Transfers between funds Net movement in funds Total funds brought forward Total funds carried forward |
Notes | Unrestricted Restricted Funds Funds 2022 £ £ £ 22,428 - 22,428 - - - 3,990 - 3,990 1,142 - 1,142 155 155 3,809 - 3,809 4,375 - 4,375 759 - 759 86 - 86 42 - 42 3,840 - 3,840 763 - 763 2,674 - 2,674 21,635 - 21,635 400 - 400 150 - 150 - - - 550 - 550 22,185 - 22,185 243 - 243 - - - 243 - 243 4,349 - 4,349 4,593 - 4,593 |
2021 £ 14,630 250 - 1,417 - 4,412 2,406 815 172 87 216 909 4,313 |
|---|---|---|---|
| 5 1 1 |
|||
| 14,997 | |||
| 300 - 10 |
|||
| 310 | |||
| 15,307 | |||
| (677) - |
|||
| (677) 5,026 |
|||
| 4,349 |
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Flaming Bible Church UK North London Balance Sheet as at 30 September 2022
| Notes Current assets Debtors and prepayments 2 Cash at bank and in hand Creditors: amounts falling due within one year 3 Net current assets Net assets Funds of the charity Unrestricted funds Total funds |
2022 £ 1,370 3,623 4,993 (400) 4,593 4,593 4,593 4,593 |
2021 £ 2,220 2,429 4,649 (300) 4,349 4,349 4,349 4,349 |
2021 £ 2,220 2,429 4,649 (300) 4,349 4,349 4,349 4,349 |
|---|---|---|---|
| 4,349 | |||
| 4,349 | |||
| 4,349 |
These financial statements were approved by the Trustees on 28 July 2023 & signed on their behalf by:
Pastor Anthony Marrah Trustee
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Flaming Bible Church UK North London Notes to the Accounts for the year ended 30 September 2022
1 Accounting policies
Basis of preparation
The Financial Statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities and Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities".
Incoming resources
Unrestricted Income comprises donations and is recognised on receipt basis. Restricted Income relates to donations specifically raised for the purchase of land & buildings and is recognised on receipt basis. However, the donors have agreed that that once the primary purpose has been satisfied, any surplus funds remaining will be used for the running of the Charity's ordinary activities.
Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over it's estimated useful lives based on reducing balance method.
| Motor Vehicle | 25% |
|---|---|
| Equipments | 15% |
| Fixtrues & Fittings | 20% |
Resources Expended
Charitable Activities
These comprise all expenditure directly relating to the objects of the Charity. Support costs are an integral part of the expenses incurred in carrying out those charitable activities, which the Charity was established to perform.
Governance Costs
Governance costs comprise the costs of running the charity, including strategic planning for its future development, also includes accountancy & legal fees and all costs relating to consnstitutional and statutory compliance.
Church Rent & Rates
The charity entered into an operating lease agreement which is subject to review annualy. The monthly rental payment agreed is £300 subject to use of the property.
Publications/Advertising
The charity did not embark on regular weekly television advert/programmes during the period in order to faciliate & enhance its evangelism object.
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Flaming Bible Church UK North London Notes to the Accounts for the year ended 30 September 2022
| 2 Debtors and prepayments Debtors Sundry Prepayments 3 Creditors: amounts falling due within one year Accountancy |
2022 £ 1,370 1,370 - 1,370 2022 £ 400 |
2021 £ 2,220 |
|---|---|---|
| 2,220 | ||
| - | ||
| 2,220 | ||
| 2021 £ 300 |
4 Analysis of net assets between funds
| Analysis of net assets between funds | |||
|---|---|---|---|
| Current assets Debtors & prepayments Cash at bank and in hand Creditors: amounts falling due after one year At 30 September 2022 |
Unrestricted Funds £ - 1,370 3,623 4,993 (400) 4,593 |
Restricted Funds £ - - - - - - |
Total £ - 1,370 3,623 |
| 4,993 (400) |
|||
| 4,593 |
5 Trustees Remuneration included in personnel costs
Personnel costs represents a total allowance of £3,990 given to Rev Anthony Marrah as a part time minister. Other than that, no remuneration was paid to any of the trustees and their expenses also not borne by the Trust.
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