JEHOVAH EVANGELICAL TEAM {JET) C.C.C VALLEY OF BERACHAH PARISH CHURCH o Oio O ANNUAL RETURN FOR YEAR END 30th of September 2024. Charity number: 1181693 Additional Value JEHOVAH EVANGELICAL TEAM (JET) C.C.C VALLEY OF BERACHAH PARISH CONTENTS PAGE Legal and administrative information Report of the trustees Independent Examinerfs report Statement of financial activities Balance sheet io Notes to the financial statements 11-14 Income and Expenditure account 15 Additional Value JEHOVAH EVANGELICAL TEAM (JET) C.C.C VALLEY OF BERACHAH PARISH Legal and administrative information Trustees Adebuloye Smith Motunrayo Makanjuola Bukola Lawal-olaojo Harriet Ikumelo Chairperson. Registered Address 62 Spital Street, Datford, DAI 2DT CHARITY REGISTION NUMBER: 1181693 Independent Examiner5 Solomon Alli5tar IMAATI 54 Carriocca Business Park, Hellidon Close, Ardwick, Manchester, M124AH Bankers BARCLAYS BANK / LLOYDS BANK Additional Value JEHOVAH EVANGELICAL TEAM (JET) C.C.C VALLEY OF BERACHAH PARISH th Report of the Trustees for the Year Ended 30 September 2024 The trustees are pleased to present their report together with the financial statements of the charity for the year ended 30, September 2024. Structure, Governance and Management Objectives and Activities The objects of the Jehovah Evangelical Team IIETI C.C.C Valley of Berachah Parish are to advance the Christian faith for the public benefit in the UK and worldwide in accordance with the statement of faith, mainly but not exclusively by means of providing.. Pastoral care and outreach. Christian Counselling, Advice, and Information In propagating the name of Our Lord Jesus Christ, the parish engaged in evangelism, prayer sessions, spiritual counselling, advice, and information to the general public during regular weekly services. New premises The parish moved to a new bigger premises and incurred fitting and fixtures expenses. This will enable us to serve our community much better and also aid in achieving our charitable objectives. Financial assistance for charitable objects The parish donated generously to many individuals in need, such as destitute, the disabled and the sick in our society. We also rendered financial support to various organisations in support of their own humanitarian and charitable activitie5 Other Charitable activities Other charitable activities include spreading the Word of God among all nations and announcing the good news of the Kingdom of God to the poor in spirit. This was done through our Spiritual Worships which are open to the general public, revivals, healings, and evangelism which are conducted to stimulate spiritual awareness among the people, seminar5 and symposia which are organised for people to know and understand more about the Word of God Additional Value Financial Sources The church income comes mainly from the weekly tithes and church building funds, other church contributions such as thanksgiving, annual conference, tr3vel, and music funds Acquisitions for Music equipment During the year under review, the church bought new musical instrument to aid in the objective of furthering their core charitable objertive. Statement of Trustees, responsibilities The Board of Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Charity law applicable to charities in England/Wales requires the Board of Trustees to prepare financial statements for each financial year which gives a true and fair view of the state of affairs of the Charity and of the surplus or deficit of the Charity for that period. In preparing those financial statements the Board of Trustees have.. Selected suitable accounting policies and applied them consistently. Made judgments and estimates that are reasonable and prudent, Stated whether applicable accounting standards have been followed, subject to anv material departures disclosed and explained in the financial statements,. and Prepared the financial statements on a going concern basis (unles5 It is inappropriate to presume that the Charity will continue in operation). The Board of Trustees has overall responsibility for ensuring that the Charity has an appropriate system of controls, financial and Othern￿lse. They are also responsible for keeping proper accounting records which 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 1993. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the detettion and prevention of fraud and other irregularities. The Board of Trustees is responsible for the maintenance and integrity of the corporate and financial information. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Statement of disclosure of information to independent examiner Additional Value JEHOVAH EVANGELICAL TEAM (JET) C.C.C VALLEY OF BERACHAH PARISH th Report of the Trustees for the Year Ended 30 September 2024 We, as the Trustees of the Charity who held office at the date of approval of these financial statements as set out on page 2 each confirm, so far as we are aware, that- There is no relevant information of which the Charity's independent examiner are unaware,. and we have taken all the steps that we ought to have taken as Trustees in order to make ourselves aware of any relevant information and to establish that the charity's independent examiner is aware of that information. Independent Examiner.. The Charity's independent examiner, Solomon Allistar IMAATI of SAA BUSINESS SUPPORT LTD has indicated their willingness to continue in office and offer themselves for appointment. This report was approved by the Trustees on and signed on their behalf by.. 26.03.2025 D3te................................................. Mr Adebuloye Smith Additional Value JEHOVAH EVANGELICAL TEAM (JET) C.C.C VALLEY OF BERACHAH PARISH th Independent Examinerfs Report for the Year Ended 30 September 2024 I report on the financial statements of the charity for the year ended 30 September 2024 which comprise the Statement of Financial Activities and Balance Sheet with associate notes. This report is made solely to the charity's Trustees, as a body, in accordance with section 145 of the Charities Act 2011 and regulations made under section 154 of that Act. My work has been undertaken 50 that I might state to the charity'5 Trustees those matters l am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my examination work. Respective Responsibilitles of Trustees and Examiner The charity's Trustees are responsible for the preparation of the financial statements, and they consider that an audit is not required for this year under section 144121 of the Charities Act 2011 (the Act) and that an independent examination is needed. It is my responsibility to- Examine the accounts (under Section 145 of the Charities Act). To follow the procedures laid down in the General Directions given by the Charity Commissioners lunder Section 14515llbl of the Charities Act),. and To state whether matters have come to my attention. Basis of Independent Examiner's report My examination was carried out in accordance with the General Dirertions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Group/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 you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fairf view, and the report is limited to those matters set out in the statement below. Additional Value Independent Examiner's statement In connection with my examination, no matter has come to my attention.. 11 which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with section 130 of the Act,. and to prepare financial statements which accord with the accounting retords and comply with the accounting requirements of the Act have not been met., or 21 to which, in my opinion, attention should be drawn to enable a proper understanding of the financial statements to be reached. Signed: SOLOMON ALLISTAR IMAATI Dated.. 0310412025 Additional Value JEHOVAH EVANGELICAL TEAM (JET) C.C.C VALLEY OF BERACHAH PARISH th Statement of financial activities for the year ended 30 September 2024. Unrestricted Restricted Total Funds Total Funds 2024 2024 2024 2023 Notes Incoming Resources General offcrings Gift Aid 44,873.36 44,873J6 74,164.00 Grants li Total Incoming Resources 44.873.36 44,873J6 74,164.00 Resources expended Direet charitable expenditure Governance eosts 28,254.56 28,254.56 65,776.00 750.00 Total resources expended 28.254.56 28,254.56 66526.00 Movement in total fund for the year- Net income I (expenditure) for the year 16.618.00 16,618.00 7.638.00 Net Gain {l.ossO on investment 16,618.00 7.638.00 Fund Bal blf 16,618.00 7.638.00 Fund Bal clf 7.638.00 Additional Value JEHOVAH EVANGELICAL TEAM (JET) C.C.C VALLEY OF BERACHAH PARISH th Balance sheet as of 30 September 2024. 2024 2024 Notes FIXED ASSETS Tangible assets CURRENT ASSETS 12 17,437.79 Debtors 13 Cash at banklin ljand 17,950.18 CREDITORS #mounts falling due within onc year 5110.00 NET CURRENT ASSETS 17,450.18 TOTAL ASSETS LESS CURRENT LIABILITES 34,887.97 CREDITORS amollnt5 falling due more than year 13 l J57.50 NET ASSETS 33,530.47 CHARITY FUNDS Unrestricted funds 33,530.47 TOTAL FUNDS 33,5311.47 Additional Value JEHOVAH EVANGELICAL TEAM (JET) C.C.C VALLEY OF BERACHAH PARISH th Notes to the Financial Statement for the Year Ended 30 September 2024 l. Accounting policies The principal accounting policies are set out below. The accounting policies have been adopted consistently throughout the year. a) Basis of accounting The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain fixed assets, and are in accordance with the Stateinent of Recommended Practice: Accounting and Reporting by Charities issued in March 2005 and the Financial Reporting Standard for Smaller Entities (effective April 2008). b) Incoming resources from generated funds Incoming resources from generated funds represents donations towards weekly tithes, church building fund, thanksgiving, annual conference, travel and other contributions c) Incoming resources- Tnterest receivable Interest is credited in the year in which it is received. d) Resources expended Expenditure is recogFllised when a liability is incu￿ed. Funding provided through contrnctual agreements and performance related grants are recognised as services are supplied. Other gJrant payments are recogsnised when a constructive obligation ari.8e% that re%ults in the payment being unavoidable. Costs of generating funds are those costs incurred in attracting voluntary income, and those incurred in activities that raise funds. Grants payable are payments made to third parties in the furtherance of the charitable objectives of the Trust. Single or multi-year grants are accounted for when either the recipient has a reasonable expectation that they will receive a grant and the trustees have agreed to pay the grant without condition, or the recipient has a reasonable expectation that they will receive a grant and any condition attaching to the grant is outside of the control of the Trust. Provisions for grants are made when the intention to make a grant has been cominunicated to the recipient but there is uncertainty about either the timing of the Additional Value grant or the amount of grant payable. Governance costs include those incurred in the governance of its assets and are primarily associated with constitutional and statutory requirenients. Support costs include centrcil functions and h(Ive been allocated to activity Cost Lategories on a basis consistent with the us¢ of resources. Depreciation Depreciation is calculated at rate% e.stiinated to write off the co%t of all tangible fixed assets over their expeL'ted usetiil lives: Equipment, Fixture% and Fitting.. 20 % During the year under review, the church decided to continue to separate its eqllipn]ent Irom its turniture tixtures and fittings. A depreciation rate of 20 /0 was applied on each category on a reducing balance basis. e) Fund structure The principal accounting policies are set out below. The accounting policies have been adopted consistently throughout the year. The funds held by the charity are either.. Unrestricted general fimds - these are funds which can be used in accordance with the charitable objects at the discretion of the tTUStees. Designated funds - these are funds eam]aTked by the trnstees out of unrestricted general funds for specific ￿tUre purposes or projects. Restricted fi￿dS - these are funds that can only be used for restricted purposes within the objects of the charity. Restrictions arise when specified by the donor 01 when ￿ndS are raised for restricted purposes. Endowment funds - these are funds that represent assets which must be held pernianently by the charity. Income arising on the endowrnent fund can be used in accordance with the objects of the charity and is included in unrestricted income. Any capital gains or losses arising on the investment5 form part of the fund. Tnvestment management charges and legal advice relating to the fund are charged against the fund. fj VAT The charity is not registered for VAT and accordingly expenditure includes VAT were appropriate. Additional Value 2 Income resources Income comprises of donations and tithes 3 Employee information None of the trustees received any remuneration OT re7mbu￿eMent of expenses during the year. 4 Net income resourees This is stated after charging 2024 2023 POST Depreciation 1,357.50 3,757.50 5 Taxation The charity is exempt from corporation tax on its charity. 6 Tangible fixed assets Equipment Fixtures and fittings Total Cost: At l Oetober 2023 10,354.40 11,985.26 22,339.66 10,354.40 11,985.26 22,339.66 Additions At 30 September 2024 Depreciation At l October 2023 Provision for year At 30 September 2024 5,584.92 5,584.92 5,584.92 5,584.92 NET BOOK VALUE 16,754.75 16,754.75 Additional Value 7 Creditors: amounts falling due more than one year 2024 2023 Other Creditors 1,357.50 3,757.50 8 Creditors: amounts falling due within one year 2024 2023 Other Creditors 500.00 2,580.00 Additional Value JEHOVAH EVANGELICAL TEAM {JET) C.C.C VALLEY OF BERACHAH PARISH INCOME AND EXPENDITURE ACCOUNT FOR YEAR ENDED 30 September 2023 ILNCOME Voluntary Donation5 Gift aid Grants 44,873.36 0.00 0.00 Total income 44,873.36 EXPENSES Rent 6,021.60 3,500.00 200.00 5,957.28 6,027.98 940.00 350.00 446.00 713.00 170.00 265.16 1,625.24 815.33 910.73 75.00 50.00 187.24 Harn'est Fuel Fitting and Fixtures Music Equipment Spiritual items Welfare Expenses Food bank Evangelism Stationaries Ad hoc Expenses Utilities Repairs/Decoration Administration Accounting Volunteers Expenses Finance Total Expenses 28,254.56 Surplus 16,618.80 Additional Value