Charity Number 1188515
## **ALL NATIONS CATHOLIC CHARISMATIC GROUP**
## **TRUSTEES’ REPORT AND ACCOUNTS**
**31 DECEMBER 2020**
**All Nations Catholic Charismatic Group Financial statement**
## **For the year ended 31 December 2020**
|**Contents**|**Page**|
|---|---|
|Charity information and professional advisers|3|
|Trustees’ report|4|
|Accountants’ report|6|
|Statement of financial activities_(including income & expenditure account)_|7|
|Statement of financial position|8|
|Notes to the financial statements|9|
2
**All Nations Catholic Charismatic Group Reference and administrative details**
## **For the year ended 31 December 2020**
Registered charity name All Nations Catholic Charismatic Group Charity number 1188515 Registered address 33 Priory Road Croydon CR0 3QZ Trustees Trustees, who are also directors under company law, who served during the year were as follows: Nkemdilim Stella Maduekwe – _Chair of Trustees_ Tanya Kardi Angela Uwayeme Agho Augustina Adobaw Hanson Accountants BC NWAIWU & CO LTD Building 1 Suit 4A Office 6 Wilsons Park Business Centre Manchester M40 8WN Bankers National Westminster Bank Plc
3
**All Nations Catholic Charismatic Group Report of the trustees For the year ended 31 December 2020**
## **About us**
All Nations Catholic Charismatic Group (ANCCG) is an umbrella group for Catholic Charismatic Renewal Prayer communities across England and Wales.
The objects of ANCCG are to advance the Christian religion, for the public benefit, in particular but not exclusively by the provision of Christian retreat, Christian religious resources and grants. To prevent poverty. Provision of relief and assistance of those in need, by reason of youth, age, ill-health, disability, financial hardship or other disadvantage not excluding victims of war or natural disaster or catastrophe for the public benefit in any part of the world, in particular but not exclusively by the supply of aids.
## **Public Benefit**
The board of trustees have given due consideration to Charity Commission published guidance on the operation of the public benefit requirement and confirm that these requirements are met by the charity.
## **Going concern**
The trustees have assessed the ability of the charity to continue operating and discharging its role for the foreseeable future, taking into consideration the lifting of lockdown restrictions. We have also made financial projections, taken into consideration the current economic climate because of Coronavirus (COVID-19) crisis and its potential impact on the various sources of income and planned expenditure. We have adequate financial resources and are able to manage our business risks.
## **Statement of responsibilities of the trustees**
The trustees are required to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and the incoming resources and application of resources, including the net income or expenditure, of the charity for the year. In preparing those financial statements the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
4
## **All Nations Catholic Charismatic Group Report of the trustees**
## **For the year ended 31 December 2020**
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006 and Charities Act 2011.
They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Each of the persons who is a trustee at the date of approval of this report confirms that:
- so far as each of the trustee is aware, there is no relevant material information of which the charitable company’s Independent Examiners are unaware; and
- each trustee has taken all steps that they ought to have taken to make themselves aware of any relevant material information and to establish that the Independent Examiners are aware of that information.
- Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.
Approved by the trustees on February 26, 2022, and signed on their behalf by
## **Nkemdilim Stella Maduekwe**
Chair of Trustees
5
**All Nations Catholic Charismatic Group Accountants' Report**
## **Accountants' report to the board of trustees on the preparation of the unaudited statutory accounts of All Nations Catholic Charismatic Group (ANCCG) for the period ended 31 December 2020**
In order to assist you to fulfil your duties under the Charity Act 2011, we have prepared for your approval the accounts of All Nations Catholic Charismatic Group (ANCCG) for the period ended 31 December 2020 which comprise of the Statement of financial activities (including income & expenditure account), the Balance Sheet and the related notes from the charity’s accounting records and from information and explanations you have given us.
This report is made solely to the Trustees of All Nations Catholic Charismatic Group (ANCCG), as a body, in accordance with our terms of reference. Our work has been undertaken solely to prepare for your approval the accounts of All Nations Catholic Charismatic Group (ANCCG) and state those matters that we have agreed to state to the Trustees of All Nations Catholic Charismatic Group (ANCCG), as a body, in this report to the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than All Nations Catholic Charismatic Group (ANCCG) and its Trustees as a body for our work or for this report.
It is your duty to ensure that All Nations Catholic Charismatic Group (ANCCG) has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position of All Nations Catholic Charismatic Group (ANCCG). You consider that All Nations Catholic Charismatic Group (ANCCG) is exempt from the statutory audit/independent examination requirement for the period.
We have not been instructed to carry out an audit/independent examination or a review of the accounts of All Nations Catholic Charismatic Group (ANCCG). For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
________________________
BC NWAIWU & CO LTD
Building 1 Suit 4A Office 6 Wilsons Park Business Centre Manchester M40 8WN
Date: 26 February 2022
6
## **All Nations Catholic Charismatic Group**
## **Statement of financial activities** _**(including income & expenditure account)**_ **For the year ended 31 December 2020**
|**Income from:**
Note
Donations and legacies
2
Charitable activities
3
**Total income**
**Expenditure on:**
Expenditure on charitable activities
4
Finance costs
5
**Total expenditure**
Net income/(expenditure) for the year
6
Transfer between funds
Net movement in funds for the year
**Reconciliation of funds**
Total funds brought forward
Restricted funds
Unrestricted funds
**Total funds carried forward**|2020
8,232
-|
|---|---|
||8,232|
||1,457
-|
||1,457|
||6,775
-|
||6,775
-
6,775|
||6,775|
_The notes on pages 9 to 14 form part of these financial statements_
7
## **All Nations Catholic Charismatic Group Statement of Financial Position As at 31 December 2020**
|Balance Sheet
Note
**Fixed assets**
Tangible assets
7
**Current assets**
Cash at bank and in hand
8
Accounts receivable
**Creditors**:_amounts falling due within one year_
9
**Net current assets**
Total assets less current liabilities
**Creditors**:_amounts falling due after one year_
10
**Net assets**
**The funds of the charity:**
Restricted funds
Unrestricted funds
Total funds carried forward|6,775
-|2020
-
6,775|
|---|---|---|
||6,775
-||
||||
|||6,775
-|
|||6,775|
|||-
6,775|
|||6,775|
The trustees are satisfied that the charity is entitled to exemption from the requirement to obtain an audit/independent examination under section 144(2) of the Charities Act 2011 (the 2011 Act).
The trustees of the charity have not required the charity to obtain an independent examination in accordance with section 144(2) of the Act.
The trustees acknowledge their responsibilities for complying with the requirements of the Charity Act 2011 with respect to accounting records and the preparation of accounts.
Approved by the trustees on November 21, 2020 and signed on their behalf by:
## **Sis Nkemdilim Stella Maduekwe**
Chair of Trustees
_The notes on pages 9 to 14 form part of these financial statements_
8
**All Nations Catholic Charismatic Group Notes to the financial statements For the year ended 31 December 2020**
## **1. Accounting policies**
The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
## **a. Basis of preparation**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
All Nations Catholic Charismatic Group (ANCCG) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## **b. Judgments and estimates**
The trustees have made no key judgments which have a significant effect on the accounts. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next reporting period.
## **c. Going concern**
The trustees have reviewed the charity's forecasts and projections and with the lifting of the Coronavirus (COVID-19) lockdown and social distancing restrictions, taking into consideration the ongoing renovation work at our community centre building, the trustees are confident that the charity can also fulfil its commitments to its beneficiaries for the period ending 30 September 2022.
## **d. Fund accounting**
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are grants and donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.
9
**All Nations Catholic Charismatic Group Notes to the financial statements For the year ended 31 December 2020**
## **e. Income**
The Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Income received in advance of a provision of a specified service is deferred until the criteria for income recognition are met.
## **f. Donated services and facilities**
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item, is probable and the economic benefit can be measured reliably. In accordance with the Charities SORP(FRS102), general volunteer time is not recognised.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
## **g. Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
## **h. Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
- Expenditure on charitable activities includes all costs undertaken to further the purposes of the charity and their associated support costs.
- Finance costs includes all interest and other costs the charity incurs in connection with the borrowing of funds.
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**All Nations Catholic Charismatic Group Notes to the financial statements For the year ended 31 December 2020**
## **i. Tangible fixed assets**
All expenditure of a capital nature on development work overseas is expensed as incurred, while tangible fixed assets in the UK costing more than £100 are capitalized and included at cost, including any incidental expenses of acquisition. Depreciation is provided on tangible fixed assets at rates calculated to write off the cost by equal annual instalments over their expected useful economic lives as follows:
|Freehold land and buildings|Nil|
|---|---|
|Computer infrastructure|5 years|
|Computer equipment|4 years|
|Furniture, fixtures and equipment|4 years|
Impairment reviews are conducted when events and changes in circumstances indicate that an impairment may have occurred. If any asset is found to have a carrying value materially higher than its recoverable amount, it is written down accordingly.
## **j. Debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **k. Cash at bank and in hand**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **l. Creditors and provisions**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **m. Gift aid**
Gift Aid tax reclaims is recognised for any Gift Aid certificates received up to two months after the year-end, in relation to donations made prior to the year-end, where the Gift Aid tax reclaim application was filled to HMRC prior to the year-end.
11
## **All Nations Catholic Charismatic Group Notes to the financial statements For the year ended 31 December 2020**
|**2.**
**Donations and legacies**
Donation
Regular offering
Leadership programme offering
Pentecost offering
Annual retreat
Other income
**3.**
**Charitable activities**
**Grants**
National lottery community fund
Other government grants
**Charitable trading**
Charity sales
**4.**
**Expenditure on charitable activities**
Accommodation and venue hire
Annual retreat
Leadership development
Transportation
Advert and promotion
Printing and stationery
Sundry expenses|2020
£
1,259
99
-
-
1,244
5,630|
|---|---|
||8,232|
||2020
£
-
-|
||-|
||-|
||-|
||-|
||2020
£
-
1,232
-
-
-
-
225|
||1,457|
12
## **All Nations Catholic Charismatic Group Notes to the financial statements For the year ended 31 December 2020**
|**5.**
**Finance costs**
**6.**
**Net income/(expenditure) for the year**
This is stated after charging/(crediting):
Depreciation
**7.**
**Tangible fixed assets**
Cost
Balance B/F
Additions
Disposals
Revaluations
Transfers
Depreciation
Charge for the year
On disposals
Net book value
**8.**
**Cash at bank and in hand**
Bank
Cash|2020
£
-|
|---|---|
||-|
||£
-|
||2020
£
-
-
-
-
-|
||-|
||-
-|
||-|
||-|
||2020
£
6,775
-|
||6,775|
13
## **All Nations Catholic Charismatic Group Notes to the financial statements For the year ended 311December 2020**
|**9.**
**Creditors:**_amounts falling due within one year_
**10.**
**Creditors:**_amounts falling due after one year_
**11.**
**Fund movements**
Income
Expenditure
£
£
Restricted funds
-
-
-
-
Unrestricted funds
8,232
(1,457)
8,232
(1,457)
**The funds of the**
**charity**
8,232
(1,457)|Transfers
£
-
-
-
-
-|2020
£
-
-
2020
£
-
-
As at 31
December
2020
£
-|
|---|---|---|
|||-
6,775|
|||6,775|
|||6,775|
14