Registered Charity Number 1182108
Report of the Trustees and Unaudited Financial Statements For The Year Ended 31st December, 2021
Triumphant Outreach Ministry International
Triumphant Outreach Ministry International Report Of The Trustees For The Year Ended 31st December, 2021
REFERENCE AND ADMINISTRATIVE DETAILS
Charity Number:1182108
Chairman:
Mr Derby Nii Amarh Ashitei
Principal address.
27 Swaythling House Turnworth Crescent London SW15 4PQ
Trustees
Ms Juliana Mensah Mr Derby Nii Amarh Ashitei Ms Linda Barry-Adjokatse
Independent Examiner
Paperchase Taxation 22b Sydenham Road Sydenham, London SE26 5QW
Bankers
Lloyds
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Triumphant Outreach Ministry International Contents of The Financial Statements For The Year Ended 31st December, 2021
| Page | |
|---|---|
| Report of The Trustees | 1 - 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 - 9 |
| Detailed Statement of Financial Activities | 10 |
Triumphant Outreach Ministry International Unaudited Financial Statements For The Year Ended 31st December, 2021
The trustees present their report with the financial statements of the charity for the year ended 31st December, 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities' issued in July 2014.
STRUCTURE GOVERNANCE AND MANAGEMENT
Description of the charity’s trusts
Governing document: Trust deed The charity is a trust Trustee selection is by appointment
OBJECTIVES AND ACTIVITIES
The Charity’s objects are:
The advancement of the Christian Faith
The relief of poverty
The main activity of the charity is the establishment and maintenance of worship centres to enable the members of the public to participate in Christian worship. Making grants and donations to the needy.
ACHIEVEMENTS AND PERFORMANCE FOR THE PUBLIC BENEFIT
Despite the challenges of Covid 19, the church through the use of technology forged a stronger bond among members ensuring quality fellowship. The welfare of members were priortise in our operations this past year. Other plans were strategised to intergrate the love and fellowship to the community as the lockdown rules eases up.
RISK MANAGEMENT
The Trustees have conducted a review of the major risks which the Charity is exposed. A risk register has been established which identifies the major risks by area of activity, the nature of those risks, the likelihood of the risks happening and the measure taken to manage them. The Trustees review the risk register regularly at their meetings and are satisfied that systems are in place to manage the risks that have been identified. In particular, insurance cover is in place and the finances of the Charity are kept under review. Appropriate Disclosure & Barring Service check (DBS) training undertaken and, supported by regularly reviewed policies are done for all those who work with children or other vulnerable groups with the Charity.
The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees
Approved by order of the board of trustees on …………………………………………..and26 th October, 2022 signed on its behalf by: .......................................................
Mr Derby Nii Amarh Ashitei For Trustees
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Triumphant Outreach Ministry International 31st December, 2021
Independent Examiner's Report
To the Trustees
I report on the accounts for the year ended 31st December, 2021 set out on pages 5 to 10.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required. The charity's gross income does not exceed £250,000 and I am qualified to undertake the examination by being a qualified member of ACCA.
It is my responsibility to:
examine the accounts under Section 145 of the 2011 Act to follow the procedures laid down in the General Directions given by the Charity Commission (under Section l45(5)(b) of the 2011 Act); and to state whether particular matters have come to my attention.
Basis of the independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination 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 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 fair view ' and the report is limited to those matters set out in the statements below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
1) which gives me reasonable cause to believe that, in any material respect, the requirements which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or
2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Abiodun A Adeboyejo (FCCA,ACA,FAIA) Accountants 22b Sydenham Road London. SE26 5QW
Date................................................
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Triumphant Outreach Ministry International Statement of Financial Activities For The Year Ended 31st December, 2021
| Unrestricted Notes £ Income Resources Incoming Resources From Generated Funds Voluntary Income 1 70,881 Total Income Resources 70,881 Resources Expended Charitable Activities Physical & Spiritual Need 51,832 Governance Costs 2 1,250 Total Resources Expended 53,082 NET INCOMING RESOURCES 17,799 RECONCILATION OF FUNDS Total Funds Balances b/fwd 24,434 Total Funds Balances c/fwd 42,233 |
Restricted £ - - - - - - - |
2021 Total Fund £ 70,881 70,881 51,832 1,250 53,082 17,799 24,434 42,233 |
2020 Total Fund £ 69,240 |
|---|---|---|---|
| 69,240 | |||
| 43,556 1,250 |
|||
| 44,806 | |||
| 24,434 | |||
| - | 24,434 |
The Notes Form Part of These Financial Statements
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Triumphant Outreach Ministry International Balance Sheet
as at 31 December 2021
| Notes FIXED ASSETS Tangible assets 3 CURRENT ASSETS Cash at bank and in hand CREDITORS Amounts Falling Due within one Year 4 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS Unrestricted Funds 5 Unrestricted Funds TOTAL FUNDS |
2021 2020 Unrestricted Funs Total Funds Total Funds £ £ 18,537 18,537 23,171 73,073 73,073 53,894 38,436 38,436 41,690 34,637 34,637 12,204 53,174 53,174 35,375 53,174 53,174 35,375 53,174 35,375 53,174 35,375 |
2021 2020 Unrestricted Funs Total Funds Total Funds £ £ 18,537 18,537 23,171 73,073 73,073 53,894 38,436 38,436 41,690 34,637 34,637 12,204 53,174 53,174 35,375 53,174 53,174 35,375 53,174 35,375 53,174 35,375 |
|---|---|---|
| 35,375 | ||
| 35,375 | ||
| 35,375 35,375 |
The financial statements were approved by the Board of Trustees on.................................... 26th October, 2022 and were signed on its behalf by: Mr Derby Nii Amarh Ashitei
Approved by Board of Trustees
The Notes Form Part of These Financial Statements
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Triumphant Outreach Ministry International
Notes to the Financial Statementss for the year ended 31 December 2021
1 ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities (issued July 2014)
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
1 VOLUNTARY INCOME
| Tithes, Offering & Thanksgiving 2 GOVERNANCE COSTS Accountancy |
2021 2020 £ £ 70,881 69,240 70,881 69,240 2021 2020 1,250 1,250 1,250 1,250 |
|---|---|
4 Tangible fixed assets
Church & Choir Equipments £
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Triumphant Outreach Ministry International
Notes to the Financial Statementss for the year ended 31 December 2021
| Cost At 1 January 2021 At 31 December 2021 Depreciation At 1 January 2021 Charge for the year At 31 December 2021 Net book value At 31 December 2021 At 31 December 2020 5 Creditors: amounts falling due within one year Trade Creditors 9 OPERATING LEASE COMMITMENTS 6 Creditors: amounts falling within one year Trade Creditors Other Creditors Other Creditors 5 Movement in Funds At 01 01 21 £ Unrestrictedfunds General fund 35,375 TOTAL FUNDS 35,375 Net movement in funds, included in the above are as follows: Incoming Resources £ Unrestricted funds General fund 70,881 Total Fund 70,881 |
2021 £ 1,250 2021 £ 1,250 19,757 17,429 38,436 Net Movement In Funds £ 17,799 17,799 Resources Expended £ 53,082 53,082 |
26,771 |
|---|---|---|
| 26,771 | ||
| 3,600 4,634 |
||
| 8,234 | ||
| 18,537 | ||
| 23,171 | ||
| 2020 £ 750 |
||
| 2020 £ 750 20,000 20,940 |
||
| 41,690 | ||
| At 31 12 2021 £ 53,174 |
||
| 53,174 | ||
| Movement in Funds £ 17,799 |
||
| 17,799 |
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Triumphant Outreach Ministry International Detailed Statement Of Financial Activities For The Year Ended 31st December, 2021
| INCOMING RESOURCES Tithes & Offering Total Incoming Resources RESOURCES EXPENDED Charitable Activities Pastoral allowances Donations & Gifts Honorarium & Volunteer Travelling and subsistence Printing, postage & stationery Church expenses Members' welfare and training Governance Costs Accountancy fees Support Costs Management Rent & rates Light & heat Insurance Telephone & fax Repairs & Maintenance Software & IT Motor expenses Service Charges Other Operating Exp - Cleaning Depreciation charge TOTAL RESOURCES EXPENDED NET INCOME |
2021 2020 Unrestricted Restricted Total Total Fund Fund £ £ £ £ 70,881.22 70,881.22 69,240.00 |
|---|---|
| 70,881.22 - 70,881.22 69,240.00 |
|
| - - 5,550.00 10,815.00 10,815.00 9,351.00 - - 1,800.00 444.00 444.00 5,148.00 45.00 45.00 43.00 14,429.00 14,429.00 1,170.00 - - 177.00 |
|
| 25,733.00 - 25,733.00 23,239.00 |
|
| 1,250.00 1,250.00 1,250.00 |
|
| 1,250.00 - 1,250.00 1,250.00 |
|
| 18,000.00 18,000.00 12,000.00 105.00 105.00 3,060.00 - - 555.00 490.00 490.00 527.00 816.00 816.00 1,980.00 1,712.68 1,712.68 322.00 341.00 341.00 100.00 - - 15.00 - - 158.00 4,634.00 4,634.00 1,600.00 |
|
| 26,098.68 - 26,098.68 20,317.00 |
|
| 53,081.68 - 53,081.68 44,806.00 |
|
| 17,799.54 - 17,799.54 24,434.00 |
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