Registered Charity No – 1183857
CITY OF HOPE NLCCI Trustees’ Report and Accounts For the Year Ended 31 March 2025
| CONTENTS | PAGE |
|---|---|
| Legal and Administrative Details | 3 |
| Trustees' Report | 4 |
| Independent Examiners’ Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to the Accounts | 10 |
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REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 March 2025
Trustees Michael Osariemwen Igbineweka (Chair) Mitzi Dawn Evans Doreen Adina James-Wynter Carolyn Adella Marshall-Passley BBA, MBA Charity registered Number 1183857 Date of Charitable Registration 12[th] June 2019 Principal office 53 Torridon Road London SE6 1RQ Independent examiners Accounting Assist Ltd C/o Good to Give Bankers HSBC Bank
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TRUSTEES' REPORT FOR THE YEAR ENDED 31 March 2025
The Board of Trustees, who are the trustees for charity law purposes, submit their annual report and the financial statements of City of Hope, NLCCI for the year ended 31 March 2025. The Board of Trustees confirms that the annual report and financial statements of the Charity comply with current statutory requirements, the requirements of the Charity's governing document and the provisions of the Statement of Recommended Practice (SORP FRS102) 'Accounting and Reporting by Charities (revised January 2019).
Structure, governance and management
The 4 Trustees are:
Michael Osariemwen Igbineweka (Chair) Mitzi Dawn Evans Doreen Adina James-Wynter Carolyn Adella Marshall-Passley BBA, MBA
The Trustees play a primary role in ensuring good governance and functioning of the foundation. The Board’s role, functions and responsibilities are quite clearly defined.
The Charity currently has a strong team of Advisory board members in the UK who have helped to secure financial support and contribute to the future planning of the organisation.
Governing Document:
City of Hope, NLCCI is an unincorporated charitable organisation formed on 12[th] June 2019 and registered as a charity on 12[th] June 2019. The charity Constitution was Adopted on 12[th] August 2018 and was amended on 9[th] June 2019.
Recruitment and appointment of Trustees:
The members of the General Trustee Board are trustees for the purpose of charity law. New trustees maybe appointed by resolution of a meeting of the trustees.
Much of charity’s work focuses upon promotion of Christian Faith and the running and maintenance of its places of worship.
The General Trustee Board seeks to ensure that the needs of this group are appropriately reflected through the diversity of the trustee body; to enhance the potential pool of trustees the charity has through selective advertising and networking with voluntary organisations active in the sector sought to identify those who would be willing to become members of the charity and use their own experience to assist the charity.
Risk Management:
We are committed to a policy of identifying, monitoring and managing the risks that might adversely affect the activities in which we are involved. In this context, risk is defined as the potential to fail to achieve charity objectives and for loss, financial and reputational, inherent in the environment in which we operate in the nature of the transactions undertaken.
The principal risk of the charity has been its dependence on voluntary income. Trustees have initiated various processes to mitigate such risk so that the charity has sufficient reserve in the event of adverse condition(s).
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TRUSTEES' REPORT FOR THE YEAR ENDED 31 March 2025
The trustees have alco examined other operational and business risks which they face and confirm that they have taken steps to mitigate the significant risks.
Public Benefit:
The Trustees have complied with the duty in Section 4 of the Charities Act 2006 and have paid due regard to public benefit when preparing this report. The benefit provided to the public is consistent with the aims of the charity in UK.
Objectives and activities:
To advance the Christian religion for the benefit of the public through the holding of prayer meetings, lectures, preaching of the word of God, and producing and/or distributing literature on the gospel of Jesus Christ to enlighten others about the Christian faith.
Financial review:
The largest contribution to the charity for the year came from general offerings. The charity began its charitable activities from 12[th] March 2019.
The Charity currently aims to designate the total fund received less expenses for the main objective of the charity.
Plans for future periods:
The Charity is aiming to achieve its targets through securing donations from willing Individuals, trusts and foundations and corporate supporters. A development board may be created to help include other avenues of fundraising to be included in the yearly programme.
Statement of Board of Trustees’ responsibilities
The Board of Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
Charity law applicable to charities in England/Wales requires the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the surplus or deficit of the Charity for that period. In preparing those financial statements the Board of Trustees have:
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Selected suitable accounting policies and applied them consistently,
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Made judgments and estimates that are reasonable and prudent,
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Stated whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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Prepared the financial statements on a going concern basis (unless it is inappropriate to presume that the Charity will continue in operation).
The Board of Trustees has overall responsibility for ensuring that the Charity has an appropriate system of controls, financial and otherwise. They are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the detection and prevention of fraud and other irregularities.
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TRUSTEESI REPORT FOR THE YEAR ENDED 31 March 2025 Th¢ Board of Tr is re5p)n5ibl¢ for the mainteT]ance integrity of the COte and fillgncial inforrTration included on th¢ Cknitys welx8it¢. IslatIOn in the Unitsj Kingdom governing the prepatxtion and dissemittIQn of financial ststements differ from I¢w8lation in other juristh"ctions. Ststrllttt of ¢Selle of infonnati(n lo indwdent uaDJintt. We, a4 the Tn]ste¢s of the Charity .hO held office at thc date of apw)va] of th¢5e finaneial mtrments ag set out on page J ¢ach confirni. so far as wc awar4 thaL" There is no rekvani infortllation ofwhich the Charitys exatijiner are UDaw8TC" a1 we Fwe tsken all the steps that VK ought to have tskffl &s Tn in ordcr to make ou1eS awaTC of any relevant tnfomBtion and to abliSh that thc charity's indep¢nd¢nt ¢x&miner are d'arE of that inforniati(NL Independent Examiner: The Charitvs in(kt£ndent examinu, Anum Ha&8an. FCCA of Ac£ounting Assist Ltd Clo Gcrf)d to Glve Lt& have indicat¢d their Willingn to offertlrMselv for apP)lNrne. This report was approved by the Trthst¢¢s on and signed on their bdlf by.. Stgnttlure........ 31
INDEPENDENT EXAMINER`S REPORT FOR THE YEAR ENDED 31 March 2025
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CITY OF HOPE, NLCCI
I report on the financial statements of the charity for the year ended 31 March 2025 which comprise the Statement of Financial Activities and Balance Sheet with associate notes.
This report is made solely to the charity's Trustees, as a body, in accordance with section 145 of the Charities Act 2011 and regulations made under section 154 of that Act. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my examination work.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The charity's Trustees are responsible for the preparation of the financial statements, and they consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the Act) and that an independent examination is needed.
It is my responsibility to:
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Examine the accounts (under Section 145 of the Charities Act);
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To follow the procedures laid down in the General Directions given by the Charity Commissioners (under Section 145(5)(b) of the Charities Act); and
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To 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 Group/District 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 statement below.
Independent Examiner's statement
In connection with my examination, no matter has come to my attention:
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1) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 130 of the Act; and
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to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the Act
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have not been met; or
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2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
Signed:
Dated: 03/11/2025 Anum Hassan, FCCA
On behalf of Accounting Assist Ltd
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STATEMENT OF FINANCIAL ACTIVITIES
(Incorporating income and expenditure account)
FOR THE YEAR ENDED 31 March 2025
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Unrestricted Restricted Total Funds Total Funds
2025 2025 2025 2024
£ £ £ £
Notes
Incoming resources
General offerings 34,985 - 34,985 30,486
Gift Aid - - - -
Total Incoming resources 34,985 - 34,985 30,486
Resources expended
Charitable Activities &
31,161 - 31,161 31,972
Expenditure
Governance costs 960 - 960 960
Total Resources expended 32,121 - 32,121 32,932
Movement in total fund for the year- Net
2,864 - 2,864 -2,446
income / (expenditure) For the year
Fund balance brought forward 5,695 - 5,695 8,141
Fund balance carried forward 8,559 - 8,559 5,695
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BALANCE SHF.ET AS AT 31 Marth 2025 2025 2024 Note FIXED ASSETS Tallgiblc assets CURRENT ASSETS Dcbtors 11,1118 11,018 154 &154 CREDrfoRS." amounts falling due witbin one year -2.459 -1459 NET CURRENf A&SETS 5,695 NET ASSETS 8559 5.095 UnTestrt¢ted fund8 R&sttiL%¥d fuTMb. 8J59 5.695 TOTAL FUNDS 8559 5,695 The financial ststEtt]¢nts wtrc approvtyj by the TrteeS and stgned their bchalf. by: Name T)06£S Signature...... Date... The notes on pages 10 fonn part of these financiAI ststhents
NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 March 2025
1. ACCOUNTING POLICIES
1.1 Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, and in accordance with the Charities SORP (FRS 102), and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
1.2 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors, or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
1.3 Incoming resources
All incoming resources are included in the Statement of financial activities when the charity has entitlement to the funds, certainty of receipt and the amount can be measured with sufficient reliability.
Donated services or facilities, which comprise donated services, are included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognised where there is no financial cost borne by a third party.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
1.4 Resources expended
Expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to activities, they have been allocated on a basis consistent with the use of the resources.
Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the yearend are noted as a commitment but not accrued as expenditure.
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2. Trustee Remuneration and Expenses
No trustees received any remuneration from the charity during the year (2024: £0). During the year, expenses of £1,002 were reimbursed to Carolyn Adella Marshall-Passley (2024: £1,434) and expenses of £50 were reimbursed to Doreen Adina James-Wynter (2024: £0). These reimbursements related to expenditure incurred on behalf of the charity.
3. Staff Costs & Employee Numbers
The charity had no employees during the year (2024: none).
4. Related Party Transactions
During the year, the following transactions took place with trustees: -
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Michael Osariemwen Igbineweka paid in £4,380 (2024: £3,800) representing donations collected on behalf of the charity.
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Mitzi Dawn Evans paid in £1,967 (2024: £1,468) representing tithes collected on behalf of the charity.
Other than the above and the expense reimbursements disclosed in Note 2, there were no related party transactions requiring disclosure.
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