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2024-03-31-accounts

CHARITY REGISTRATION NUMBER: 1182189

ALL SOULS GATHERING

Financial Statements

31 March 2024

ALL SOULS GATHERING

Financial Statements Year

ended 31 March 2024

Page
Trustees' annual report 1
Independent examiner's report to the trustees 5
Statement of financial activities 6
Statement of financial position 7
Notes to the financial statements 8
The following pages do not form part of the financial statements
Detailed statement of financial activities 15
Notes to the detailed statement of financial activities 16

ALL SOULS GATHERING

Trustees' Annual Report Year

ended 31 March 2024

The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2024.

Reference and administrative details

Registered charity name ALL SOULS GATHERING Charity registration number 1182189 Principal office The trustees Clement Kwapong Rachel Ayoh Sagoe Roger Okae Quartey Independent examiner Mr Harry Koranten-FCCA,ACMA 2nd Floor 6 Greenwich Quay Clarence Road London SE8 3EY

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ALL SOULS GATHERING

Trustees' Annual Report (continued)

Year ended 31 March 2024

Structure, governance and management

Governing document

The Charity was incorporated as a Charitable Incorporated Organisation (CIO-FOUNDATION) on 25 February 2019 and is governed by a constitution. The Charity was previously known as All Souls Gathering London.

This charity organisation is based in the royal borough of Greenwich and operates within England and Wales. The organisation, in collaboration with various stake holders in the country give support to the residence within the community especially the youth, the vulnerable and those in need by organising projects, workshops and other activities to relief poverty, advance education and culture

Recruitment and appointment of new trustees

The Church operates under the leadership, directorship and supervision of a technically elected Board of Trustees. The board of trustee is made up of the chairpersons of the church's administrative board committees who are elected to serve a two year term of office.

Organisational structure

The board of trustees is made up of 3 members who administer the charity. The board is drawn from the chairpersons of the various administrative committees such as finance, welfare and youth development. Whereas the committee members meet regularly during the year, the board of trustees meet twice a year to review and take decisions regarding the running of the church.

Induction and training ef new trustees

Elections are conducted in April of the year and the elected trustees are inducted into office in May thereby allowing for a two month transition period. At the beginning of each year the Church organises training and other workshops for new (trustees as a way of ensuring that they are aware of their responsibilities and roles as trustees. Additional training is organised throughout of the year as and when the need arises to keep them up to date with new developments.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The major risks to which the charity has been exposed have been identified as the safeguarding of the assets of the charity and ensuring funds are applied for charitable purposes. Systems and strategies have been put in place to mitigate these risks. Income and expenditure is monitored through the setting of of budgets which are compared with actual figures. Regular finance quarterly reports are given to members and the congregations.

Objectives and activities

Objective

The Objective of the Charity is to Advance the Christian Faith in the United Kingdom and in the Worldwide for the benefit of the Public through: 1. The holding of Prayer meetings, Lectures, Public ' celebration of Religious Festivals, producing and or distributing Literature on Christianity to enlighten others about the Christian faith. 2. To relieve Sickness and Financial hardship and to promote and preserve good health by the provision of Pastoral support and counselling in such parts of the United Kingdom or the world as the trustees deem fit.

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ALL SOULS GATHERING

Trustees' Annual Report (continued)

Year ended 31 March 2024

Achievements and performance

All Souls Gathering in the year 2023-2024 organised various indoor and outdoor programs in Croydon to reach out to the young community in Croydon within the ages of 11-25 years who are at risk of offending. Our various intervention workshops and activities such as county line programs, extra Maths and Science tutoring for year 11 students who were writing their GSCEs but struggling in those subject areas. We also achieved the overarching aim of providing a safe space for the disadvantaged and the vulnerable young people in Croydon with our indoor gaming sessions such as PS5, VR Headset, role play, and cardboard painting. These activities and other programs we embarked on gained the interest of the incumbent mayor of Croydon, Jason Perry and the cabinet member for security and community safety, Councillor Ola Kolade who visited our workshops on several occasions to share their experiences and listen the concerns of the young people. With the support of the Community Organisations Cost of Living Fund, All Souls Gathering has been able to expand our hours of engaging the young community, rented a kitchen, contracted a local chef to prepare various delicacies for the young people to enjoy. Feedback from participants who attend our sessions have expressed suggestions for next programs, which we find very welcoming and hospitable. Our cooked meals sessions were remarkably effective as the main purpose was to help improve the rate of of hunger the young community faces due to the high cost of living. In addition to the achievements mentioned above, All Souls Gathering also successfully launched a mentoring program in partnership with local schools, parents and community organisations. This program pairs at-risk youth with adult mentors who provide guidance, support, and encouragement. The feedback from both mentors and mentees has been overwhelmingly positive, with about 50-100 young people reporting significant improvements in confidence, self-esteem, and overall well-being. Looking to the future, All Souls Gathering plans to expand its reach and impact within the community. We aim to increase the number of workshops and training programs offered to young people, focusing on areas such as mental health, financial literacy, and employability skills. We also plan to collaborate with other local charities and organisations to create a more holistic support network for at-risk youth in Croydon. Moreover, our long-term sustainability plan aims to ensure the continued success and growth of All Souls Gathering. The plan includes diversifying our funding sources, strengthening partnerships with key stakeholders, and implementing robust monitoring and evaluation systems to measure the impact of our programs. In general, we are optimistic about the future of All Souls Gathering and are committed to making a lasting difference in the lives of disadvantaged and vulnerable young people in Croydon. We are grateful for the ongoing support of our donors, volunteers, and community partners, and look forward to continuing our important work together.

Financial review

The Total Incoming Resources for the year under review has increased by over 100% to £34,881 (2023£9,824).This is due to Grants received from Community Organisation and Main Grant. The Total resources expended increased by over 100% to £28,908 (2023 — £10,672) due to programs and events organised by the church during the year As a result there was a surplus of £5,973 compared to deficit of £848 in previous year.

Plans for future periods

The charity has put in place a five-year development plan with its main focus on the youth and the fight against gang crimes in London and also provides the youth with opportunities that will give them hope and build them up. Members will reach out to the vulnerable and the needy in our community through sharing of various groceries in collaboration with major grocery shops in London The Charity is also looking to host Black History month in October 2023 in Greenwich Borough to enlighten people of all races about Black History and Culture. Also the charity will continue to give charitable support to members of the community.

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ALL SOULS GATHERING

Trustees' Annual Report (continued)

Year ended 31 March 2024

The trustees' annual report was approved on 3 June 2024 and signed on behalf of the board of trustees by:

Rachel Ayoh Sagoe Trustee

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ALL SOULS GATHERING

Independent Examiner's Report to the Trustees of ALL SOULS GATHERING

Year ended 31 March 2024

I report to the trustees on my examination of the financial statements of ALL SOULS GATHERING ('the charity') for the year ended 31 March 2024.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity's financial statements 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 the charity as required by section 130 of the Act; or

  2. the financial statements do not accord with those records; or

  3. the financial statements do not comply with the applicable 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.

Mr Harry Koranten-FCCA,ACMA Independent Examiner

2nd Floor 6 Greenwich Quay Clarence Road London SE8 3EY

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ALL SOULS GATHERING

Statement of Financial Activities Year ended

31 March 2024

2024 2023
Unrestricted Restricted
funds funds Total funds Total funds
Note £ £ £ £
Income and endowments
Donations and legacies 4 2,361 32,520 34,881 9,824
—————— ———————— ———————— ——————
Total income Expenditure 2,361 32,520 34,881 9,824
Expenditure on charitable activities 5,6 1,523 27,385 28,908 10,672
—————— ———————— ———————— ————————
Total expenditure 1,523 27,385 28,908 10,672
—————— ———————— ———————— ————————
Net income/(expenditure) and net
movement in funds 838 5,135 5,973 (848)
Reconciliation of funds
Total funds brought forward 2,662 2,662 3,510
—————— ———————— ———————— ————————
Total funds carried forward 3,500 5,135 8,635 2,662

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

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ALL SOULS GATHERING

The notes on pages 8 to 13 form part of these financial statements.

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ALL SOULS GATHERING

Statement of Financial Position

31 March 2024

2024 2023
Note £ £
Fixed assets
Tangible fixed assets 11 963 751
Current assets
Cash at bank and in hand 9,621 2,660
Creditors:amounts falling due within one year 12 1,949 749
—————— ——————
Net current assets 7,672 1,911
—————— ——————
Total assets less current liabilities Net assets 8,635 2,662
—————— ——————
8,635 2,662
Funds of the charity
Restricted funds 5,135
Unrestricted funds 3,500 2,662
—————— ——————
Total charity funds 13 8,635 2,662

These financial statements were approved by the board of trustees and authorised for issue on 3 June 2024, and are signed on behalf of the board by:

Rachel Ayoh Sagoe Trustee

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ALL SOULS GATHERING

The notes on pages 8 to 13 form part of these financial statements.

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ALL SOULS GATHERING

Notes to the Financial Statements Year ended

31 March 2024

1. General information

The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is CVA Resource Centre, 82 London Road, Croydon, CRO 2TB.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.

3. Accounting policies Basis

of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

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ALL SOULS GATHERING

Notes to the Financial Statements (continued)

Year ended 31 March 2024

3. Accounting policies (continued)

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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ALL SOULS GATHERING

Notes to the Financial Statements (continued)

Year ended 31 March 2024

3. Accounting policies (continued)

Tangible assets (continued)

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Equipment - 25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash- generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

4. Donations and legacies

Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Donations
Tithes and Offering 2,361 2,361
Grants
Community Organisation Grant 22,520 22,520
Main Grant 10,000 10,000
—————— ———————— ————————
2,361 32,520 34,881
Unrestricted Restricted Total Funds
Funds Funds 2023
£ £ £
Donations
Tithes and Offering 9,824 9,824

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ALL SOULS GATHERING

Notes to the Financial Statements (continued)

Year ended 31 March 2024

4. Donations and legacies (continued)

Unrestricted Restricted Total Funds
Funds Funds 2023
£ £ £
Grants
Community Organisation Grant
Main Grant
—————— ———— ——————
9,824 9,824
5. Expenditure on charitable activities by fund type
Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Charitable activities 17 11,923 11,940
Evangelism and Programs 14,965 14,967
Support costs 1,506 497 2,001
—————— ———————— ————————
1,523 27,385 28,908
Unrestricted Restricted Total Funds
Funds Funds 2023
£ £ £
Charitable activities 6,710 6,710
Evangelism and Programs 3,177 3,177
Support costs 785 785
———————— ———— ————————
10,672 10,672
6. Expenditure on charitable activities by activity type
Activities
undertaken Total funds Total fund
directly Support costs 2024 2023
£ £ £ £
Charitable activities 11,940 481 12,421 6,745
Evangelism and Programs 14,967 14,967 3,177
Governance costs 1,520 1,520 750
———————— —————— ———————— ————————
26,907 2,001 28,908 10,672
7. Net income/(expenditure)
Net income/(expenditure) is stated after charging/(crediting):
2024 2023
£ £
Depreciation of tangible fixed assets 321 251

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ALL SOULS GATHERING

Notes to the Financial Statements (continued)

Year ended 31 March 2024

8. Independent examination fees

2024 2023
£ £
Fees payable to the independent examiner for:
Independent examination of the financial statements 1,200 500
Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
2024 2023
£ £
Wages and salaries 5,736
The average head count of employees during the year was 3 (2023: 3). The average number of full-time
equivalent employees during the year is analysed as follows:
2024 2023
No. No.
Number of staff 3 3
No employee received employee benefits of more than £60,000 during the year (2023: Nil).

9. Staff costs

10. Trustee remuneration and expenses 11. Tangible fixed assets

No trustee received remuneration during this period.

Equipment
£
Cost
At 1 April 2023 1,781
Additions 533
——————
At 31 March 2024 2,314
Depreciation
At 1 April 2023 1,030
Charge for the year 321
——————
At 31 March 2024 1,351
Carrying amount
At 31 March 2024 963
At 31 March 2023 751
12. Creditors: amounts falling due within one year
2024 2023
£ £
Accruals and deferred income 1,949 749

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ALL SOULS GATHERING

Notes to the Financial Statements (continued)

Year ended 31 March 2024

13. Analysis of charitable funds
Unrestricted funds
At
At 31 March 20
1 April 2023 Income Expenditure 24
£ £ £ £
General funds 2,662 2,361 (1,523) 3,500
At
At 31 March 202
1 April 2022 Income Expenditure 3
£ £ £ £
General funds 3,510 9,824 (10,672) 2,662
Restricted funds
At
At 31 March 20
1 April 2023 Income Expenditure 24
£ £ £ £
Restricted Fund 32,520 (27,385) 5,135
At
At 31 March 202
1 April 2022 Income Expenditure 3
£ £ £ £
Restricted Fund
**14. ** Analysis of net assets between funds
Unrestricted Total Funds
Funds 2024
£ £
Tangible fixed assets 963 963
Current assets 9,621 9,621
Creditors less than 1 year (1,949) (1,949)
—————— ——————
Net assets 8,635 8,635
Unrestricted Total Funds
Funds 2023
£ £
Tangible fixed assets 751 751
Current assets 2,660 2,660
Creditors less than 1 year (749) (749)
—————— ——————
Net assets 2,662 2,662

15. Related parties

Pastor Seth Tetteh is the general overseer and program leader. Total expenses reimbursed to him during the period amounted to £5736.

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ALL SOULS GATHERING

Management Information Year

ended 31 March 2024

The following pages do not form part of the financial statements.

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ALL SOULS GATHERING

Detailed Statement of Financial Activities Year ended

31 March 2024

2024 2023
£ £
Income and endowments
Donations and legacies
Tithes and Offering 2,361 9,824
Community Organisation Grant 22,520
Main Grant 10,000
———————— ——————
34,881 9,824
———————— ——————
———————— ——————
Total income 34,881 9,824
Expenditure
Expenditure on charitable activities
Wages and salaries 5,736
Rent 3,249 2,590
Insurance 504 196
Other motor/travel costs 893 597
Legal and professional fees 6,000 500
Telephone 275 271
Other office costs 3,398 970
Depreciation 320 250
Other interest payable and similar charges 4 1
Welfare,Donation and Music 1,522 237
Web Dev, Evangelism and Program and Printing Stationery and Postage 3,507 3,213
Hospitality and Catering 2,780 1,847
Publicity and Advertising 720
———————— ————————
28,908 10,672
———————— ————————
———————— ————————
Total expenditure 28,908 10,672
———————— ————————
Net income/(expenditure) 5,973 (848)

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ALL SOULS GATHERING

Notes to the Detailed Statement of Financial Activities Year ended 31

March 2024

2024 2023
£ £
Expenditure on charitable activities
Charitable activities
Activities undertaken directly
Rent 3,249 2,590
Insurance 504 196
Other motor/travel costs 893 597
Telephone 275 271
Other office costs 3,398 970
Other interest payable and similar charges 4 1
Welfare and Donation 117 76
Music Department 162
Hospitality and Catering 2,780 1,847
Publicity and Advertising 720
———————— ——————
11,940 6,710
———————— ——————
Support costs
Printing, Postage and Stationery 481 35
———— ————
Evangelism and Programs
Activities undertaken directly
Wages/salaries 5,736
Legal and professional fees 4,800
Web Development 924 126
Evangelism and Programs 3,507 3,051
———————— ——————
14,967 3,177
———————— ——————
Governance costs
Governance costs - accountancy fees 1,200 500
Governance costs - depreciation 320 250
—————— ————
1,520 750
—————— ————
———————— ————————
Expenditure on charitable activities 28,908 10,672

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