2023-01-31-accounts

FIRSTFRUIT INSPIRATIONAL CHRISTIAN CENTRE

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST] January 2023

CHARITY NUMBER: 1182799

FIRSTFRUIT INSPIRATIONAL CHRISTIAN CENTRE RUTHERFORD HOUSE SCHOOL 217 BALHAM HIGH ROAD LONDON SW17 7BQ

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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FIRSTFRUIT INSPIRATIONAL CHRISTIAN CENTRE

TRUSTEES’ REPORT YEAR ENDED 31[ST] JANUARY 2023

The trustees are pleased to present their report for the year ended 31[st] January 2023 for the charity, Firstfruit Inspirational Christian Centre with charity number 1182799.

The Trustees of the charity are: Ms Cathrine Acheampong Ms Monalissa Amoako Mr Raymond Adulley

The principal address of the charity is: Rutherford House School 217 Balham High Road London SW17 7BQ

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Charity governing document is a CIO – Foundation Constitution registered 4[th] April 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 held successful meetings through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. The organisation held regular services 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

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FINANCIAL REVIEW

The income of the charity is above £3510. This is a lower 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 office, administration costs and rent for the place of worship.

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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:

1. Select suitable accounting policies and apply them consistently.

2. Make judgements and estimates that are reasonable and prudent.

3. State whether the applicable accounting standards have been followed.

4. 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 18[th] April 2023 and signed on their behalf by:

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Firstfruit Inspirational Christian Centre

ACCOUNTS FOR THE YEAR ENDED 31st January 2023

**1 **	Receipts & Payments Account (General	Purpose Fund)	Purpose Fund)
	Income Receipts	£/ 2023	£/2022
	Donations	3510	8743
	Interest	0	0
	Total Receipts	3510	8743
	Direct Charitable Expenditure
	Office costs	199	0
	Hall Hire charges	380	120
	Professional fees	0	190
	Church Events	524	48
	Web hosting	301	301
	Refreshments	0	0
	Music Services	0	0
	Advertisements	0	0
		1404	659
	Other Expenditure
	Equipment	329	0
	Instruments	0	0
		329	0
	Total Payments	1733	659
	Net Receipts/(Payments) for the year	1777	8084
	Cash Funds brought forward	14993	6909
	Cash Funds at the end of the year	16770	14993

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FIRSTFRUIT INSPIRATIONAL CHRISTIAN CENTRE

**2 **	Statements of Assets and Liabilities at 31st January 2023	Statements of Assets and Liabilities at 31st January 2023	Statements of Assets and Liabilities at 31st January 2023
	Monetary Assets
	Cash Funds	Unrestricted Funds
		£/2023	£/2022
		£	£
	Cash at hand and in bank	16770	14993
	Total Cash Funds	16770	14993
	Assets Retained for the
	Charity's Own use
	Non-monetary Assets and Liabilities
	Musical Instruments
	Equipments	600	421
		600	421
	Liabilities
	Bookkeeping	199	199
	NET ASSETS	17171	15215

These accounts were approved by the trustees and signed on their behalf by: Cathrine Acheampong

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FIRSTFRUIT INSPIRATIONAL CHRISTIAN CENTRE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31st January 2023

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

Depreciaiton is calculated at 20% reducing balance method

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