2024-05-31-accounts

OVRCOMERS CHRISTIAN CENTRE INTL

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[st] May 2024

CHARITY NUMBER: 1183995

OVERCOMERS CHRISTIAN CENTRE INTL ST LAWRENCE CHURCH HALL 37 BROMLEY ROAD CATFORD SE6 2TS

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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OVERCOMERS CHRISTIAN CENTRE INTL

TRUSTEES’ REPORT YEAR ENDED 31[st] MAY 2024

The trustees are pleased to present their report for the year ended 31[ST] May 2024 for the charity, Overcomers Christian Centre Intl with charity number 1183995.

The Trustees of the charity are:

Janet Ekoja Fina Ononyeta Ese Obrikogho

The principal address of the charity is : St Lawrence Church Hall 37 Bromley road, Catford SE6 2TS

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Charity governing document is a CIO – Foundation Constitution registered 20[TH] June 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 church meetings through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. The organisation held several worship services during the year in which individuals came from all around the community to attend.

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FINANCIAL REVIEW

The income of the charity is above £4,100. Though this is a small amount for the year 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 hire of the hall that the organisation used during the year.

PLANS FOR THE FUTURE

The church intends to continue to host its regular services during the year. The intended re-appointment of our present independent examiner at the upcoming trustee meeting is expected to support the financial operations by making it more effective.

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 25[th] March 2025 and signed on their behalf by:

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OVERCOMERS CHRISTIAN CENTRE INTL

ACCOUNTS FOR THE YEAR ENDED 31st May 2024

1 Receipts & Payments Account (General Purpose Fund)

Income Receipts Tithes and Offerings Interest Total Receipts Direct Charitable Expenditure Church Events Software Hire of Hall Refreshments Donation Stationery Transport Light & Heat Supplies Professional fees Welfare Other Expenditure Equipment Instruments Total Payments Net Receipts/(Payments) for the year Cash Funds brought forward Cash Funds at the end of the year	£/2024 £/2023 4187 2907 0 0
	4187 2907
	140 0 0 132 2488 1811 233 420 220 0 0 17 75 299 0 50 541 42 365 180 130 120
	4192 3071 0 0 0 0
	0 0 4192 3071 -5 -164 427 591
	422 427

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OVERCOMERS CHRISTIAN CENTRE INTL

**2 **	Statements of Assets and Liabilities at 31st May	Statements of Assets and Liabilities at 31st May	2024
	Monetary Assets
	Cash Funds	Unrestricted Funds
		£/2024		£/2023
		£
	Cash at hand and in bank		422	427
	Total Cash Funds		422	427
	Assets Retained for the
	Charity's Own use
	Non-monetary Assets and Liabilities
	Musical Instruments		120	120
	Equipments		150	150
			270	270
	Liabilities
	Bookkeeping		216	216

These accounts were approved by the trustees and signed on their behalf by: FINA ONONYETA

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OVERCOMERS CHRISTIAN CENTRE INTL

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31st May 2024

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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