BEYOND YOUR WALLS MINISTRIES
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30[TH] SEPTEMBER 2021
CHARITY NUMBER: 1182356
BEYOND YOUR WALLS MINISTRIES 37 Turpins Chase WELWYN Hertfordshire AL6 0RP INDEX Page Index 1 Trustee’s Report 2 - 3 Receipts and Payments Account 4 Statement of Assets and Liabilities 5 Notes on the financial Statements 6
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BEYOND YOUR WALLS MINISTRIES
TRUSTEES’ REPORT YEAR ENDED 30[th] SEPTEMBER 2021
The trustees are pleased to present their report for the year ended 30[th] September 2021 for the charity, Beyond Your Walls Ministries with charity number 1182356.
The Trustees of the charity are: Rev Philip Wilson
Mr Chukwubuzo Ajuka Mr Adekunle Segun
The principal address of the charity is : 37 Turpins Chase
Welwyn, Hertfordshire
AL6 0RP
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity governing document is a CIO – Foundation Constitution registered 6[th] March 2019.The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.
OBJECTIVES AND ACTIVITIES
The Objects of the organisation are first to advance the Christian faith in accordance with the statement of beliefs for the benefit in the United Kingdom and in such other parts of the world as the trustees may think fit from time to time . The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.
ACHIEVMENTS AND PERFORMANCE
The Organisation has not been in a positon to hold any meetings during the financial year. They were dormant during the year.
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FINANCIAL REVIEW
The income of the charity is zero. This is a low amount for this year of the charity the costs have been well managed over this period. The organisation is still in a good position to manage its costs.
RESERVE POLICY
It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure. This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to maintain this level throughout the year.
RISK MANAGEMENT
The charity have assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.
TRUSTEE RESPONSIBILITIES
Under the Charities Act 2011,the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:
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Select suitable accounting policies and apply them consistently.
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Make judgements and estimates that are reasonable and prudent.
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State whether the applicable accounting standards have been followed.
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Prepare financial statements on an ongoing basis.
They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.
Approved by the Trustees on 8[th] August 2022 and signed on their behalf by:
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BEYOND YOUR WALLS MINISTRIES
ACCOUNTS FOR THE YEAR ENDED 30th September 2021
| **1 ** | Receipts & Payments Account (General | Purpose Fund) | Purpose Fund) |
|---|---|---|---|
| Income Receipts | £/ 2021 | £/2020 | |
| Tithes and Offerings | 0 | 15078 | |
| Total Receipts | 0 | 15078 | |
| Direct Charitable Expenditure | |||
| Manse Office and Insurance | 0 | 810 | |
| Library | 0 | 311 | |
| Honorarium | 0 | 3500 | |
| Office Supplies | 0 | 758 | |
| Publicity | 0 | 131 | |
| Travel | 0 | 848 | |
| Grants | 0 | 9778 | |
| Governance costs | 0 | 720 | |
| 0 | 16856 | ||
| Other Expenditure | |||
| Equipment | |||
| 0 | 0 | ||
| Total Payments | 0 | 16856 | |
| Net Receipts/(Payments) for the year | 0 | -1778 | |
| Cash Funds brought forward | 3642 | 5420 | |
| Cash Funds at the end of the year | 3642 | 3642 |
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BEYOND YOUR WALLS MINISTRIES
| **2 ** | Statements of Assets and Liabilities at 30th September 2021 | Statements of Assets and Liabilities at 30th September 2021 | Statements of Assets and Liabilities at 30th September 2021 |
|---|---|---|---|
| Monetary Assets | |||
| Cash Funds | Unrestricted Funds | ||
| £/2021 | £/2020 | ||
| Cash at hand and in bank | 5897 | 5897 | |
| Total Cash Funds | 5897 | 5897 | |
| Assets Retained for the | |||
| Charity's Own use | |||
| Non-monetary Assets and Liabilities | |||
| Musical Instruments | |||
| Equipments | 999 | 999 | |
| 999 | 999 | ||
| Liabilities | |||
| Accruals | 3254 | 3254 | |
| NET ASSETS | 3642 | 3642 |
These accounts were approved by the trustees and signed on their behalf by: Rev Philip Wilson
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BEYOND YOUR WALLS MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30th September 2021
ACCOUNTING POLICIES
Basis of Accounting
These accounts have been prepared on the receipts and payments basis with all revenue and expenses shown on a cash basis. Non-monetary assets are shown at estimates of the value at the end of the year.
Funds
The CIO has a general unrestricted fund that receives voluntary donations from attendants at the services.
The CIO has no outstanding guarantees to third parties no any debts secured on the asstes of the CIO
Public Benefit
The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or aims that are for public benefit.Details of how this is achieved are provided in the Trustees report. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
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