2022-06-30-accounts - In Christ We Can International Church

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IN CHRIST WE CAN INTERNATIONAL CHURCH

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30[TH] JUNE 2022

CHARITY NUMBER: 1182618

IN CHRIST WE CAN INTERNATIONAL CHURCH 106 LORD STREET WOLVERHAMPTON WV14 6HF

INDEX Page Index 1 Trustee’s Report 2 – 3 Independent Examiner’s Report 4 Receipts and Payments Account 5 Statement of Assets and Liabilities 6 Notes on the financial Statements 7

IN CHRIST WE CAN INTERNATIONAL CHURCH

TRUSTEES’ REPORT YEAR ENDED 30[TH] JUNE 2022

The trustees are pleased to present their report for the year ended 30[th] June 2022 for the charity Divinely Inspired Ministries International with charity number 1182618.

The Trustees of the charity are: Rev Sarah Omorogbe Esther Johnson Lawrence Dada Mercy Asiazobor Stella Kuadugah

The principal address of the charity is : 106 Lord Street Wolverhampton WV14 6HF

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Charity governing document is a CIO – Foundation Constitution registered 25[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 continues to hold successful worship services through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. The organisation held several conferences during the year in which individuals came from all around the community to attend. This has produced good results in reaching and helping members of the community.

FINANCIAL REVIEW

The income of the charity is above £31,000. This is a good 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. The main cost of the organisation was paying for the rent of its building that it uses for worship services and expenses for running its church services.

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:

Select suitable accounting policies and apply them consistently.
Make judgements and estimates that are reasonable and prudent.
State whether the applicable accounting standards have been followed.
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 22[nd] November 2022 and signed on their behalf by:

Independent Examiner’s Report To the Trustees

IN CHRIST WE CAN INTERNATIONAL CHURCH

I report on the accounts of the church for the year ended 30[th] June 2022 set out on the following pages which have been prepared on the basis of the accounting policies shown in the corresponding pages.

Respective responsibilities of trustees and examiner

The trustees of the church are responsible for the preparation of accounts: they consider that the audit requirement under section 43(2) of the Charities Act 1993 (the 1993 Act),does not apply. It is my responsibility to :

Examine the accounts under section 43(3) of the 1993 Act.
Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 43(7)(b) of the 1993 Act.
State whether particular matters have come to my attention.

Basis of Independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the church 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 I do not express an audit opinion on the view given by the accounts.

Independent examiner’s statement

In the course of my examination, no matter has come to my attention;

(1) which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that:
proper accounting records are kept( in accordance with section 41 of the Act)
accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act: or
(95) to which , in my opinion , attention should be drawn in order to enable a

proper understanding of the accounts to be reached.

Chuks Ajuka BSc(Man), FICB PMDip FRESH FIRE ORGANISATION 95 Miles Road Mitcham Surrey CR4 3FH

IN CHRIST WE CAN INTERNATIONAL CHURCH

ACCOUNTS FOR THE YEAR ENDED 30th June 2022

1 Receipts & Payments Account (General Purpose Fund)

Income Receipts Tithes and Offerings Covid-19 Support Grant Other donations Total Receipts Direct Charitable Expenditure Hall Rent Hospitality Light Heat Supplies Telephone Vehicle expenses Renovations and Repairs Stationery Professional fees Wages Training Website costs Other Expenditure Equipment Bank charges Subscriptions Total Payments Net Receipts/(Payments) for the year Loan Cash funds brought forward Cash Funds at the end of the year	£/ 2022 £/2021 24692 13236 0 5000 4500 10000 2280 31472 28236 11200 10800 1061 460 1774 661 510 199 1184 451 399 0 2855 1708 165 0 337 385 700 850 5138 2708 1053 450 300
	26676 18672 6378 556 161 1880
	8419 556 35095 19228 -3623 9008 -2230 -2230 5718 -1060
	-135 5718

IN CHRIST WE CAN INTERNATIONAL CHURCH

Statements of Assets and Liabilities at 30th June 2022	Statements of Assets and Liabilities at 30th June 2022	Statements of Assets and Liabilities at 30th June 2022
Monetary Assets
Cash Funds	Unrestricted Funds
	£/2022	2021
	£	£
Bank	-135	5718
Cash in Hand
Total Cash Funds	-135	5718
Assets Retained for the
Charity's Own use
Non-monetary Assets and Liabilities
Equipments	6293	1488
	6293	1488
Liabilities
Loan to Church	5270	5270
Bookkeeping Services	180	180
NET ASSETS	708	1756

These accounts were approved by the trustees and signed on their behalf by: Rev Sarah Omorogbe

IN CHRIST WE CAN INTERNATIONAL CHURCH

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30th June 2022

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.

Depreciation

Depreciation is calculated at 20% reducing balance method