Charity Number 1188515
ALL NATIONS CATHOLIC CHARISMATIC GROUP
TRUSTEES’ REPORT AND ACCOUNTS
31 DECEMBER 2023
All Nations Catholic Charismatic Group Financial statement For the year ended 31 December 2023
| Contents | Page |
|---|---|
| Charity information and professional advisers | 3 |
| Trustees’ report | 4 |
| Accountants’ report | 6 |
| Income statement | 7 |
| Balance Sheet | 8 |
| Notes to the financial statements | 9 |
2
All Nations Catholic Charismatic Group Reference and administrative details
For the year ended 31 December 2023
| Registered charity name | All Nations Catholic Charismatic Group |
|---|---|
| Charity number | 1188515 |
| Registered address | 33 Priory Road |
| Croydon | |
| CR0 3QZ | |
| Trustees | 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 |
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All Nations Catholic Charismatic Group Report of the trustees For the year ended 31 December 2023
The Trustees, present their annual report with the unaudited financial statements of the charity for the year ended 31st December 2023. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" in preparing the annual report and financial statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the Charity's governing document, the Charities Act 2022 and 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 (effective 1 January 2019).
Reference and administrative details
The Charity is a charitable incorporated organisation and was formed on February 6, 2019 as All Nations Catholic Charismatic Group (ANCCG).
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. We have also made financial projections, taken into consideration the current economic climate 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.
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All Nations Catholic Charismatic Group Report of the trustees For the year ended 31 December 2023
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;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that 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 2022.
Nkemdilim Stella Maduekwe
Chair of Trustees
5
All Nations Catholic Charismatic Group Accountants' Report For the period ended 31 December 2023
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 2023
In order to assist you to fulfil your duties under the Charity Act 2022, we have prepared for your approval the accounts of All Nations Catholic Charismatic Group (ANCCG) for the period ended 31 December 2023 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: 31 October 2024
6
All Nations Catholic Charismatic Group Income Statement For the year ended 31 December 2023
| 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 |
2023 21,880 - 21,880 20,989 - 20,989 891 - 891 3,190 2,999 6,189 |
2022 3,776 - |
|---|---|---|
| 3,776 | ||
| 4,040 - |
||
| 4,040 | ||
| (264) | ||
| (264) 686 4,611 |
||
| 5,298 |
The notes on pages 9 to 14 form part of these financial statements
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All Nations Catholic Charismatic Group Balance Sheet As at 31 December 2023
| Balance Sheet Note Fixed assets Tangible assets 7 Current assets Cash at bank and in hand 8 Short-term investments 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 |
6,189 - - |
2023 - 6,189 6,189 - 6,189 3,190 2,999 6,189 |
5,298 - - |
2022 5,298 |
|---|---|---|---|---|
| 6,189 - |
5,298 - |
|||
| 5,298 - |
||||
| 5,298 | ||||
| 686 4,611 |
||||
| 5,298 |
Nkemdilim Stella Maduekwe
Chair of Trustees
31 October 2024
The notes on pages 9 to 14 form part of these financial statements
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All Nations Catholic Charismatic Group Notes to the financial statements For the year ended 31 December 2023
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 in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019) - (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).
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, taking into consideration the cost-of-living crisis. The trustees are confident that the charity can also fulfil its commitments to its beneficiaries for the period ending 31 December 2024.
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.
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All Nations Catholic Charismatic Group Notes to the financial statements For the year ended 31 December 2023
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. Expenditure
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Costs of generating funds are those incurred in seeking voluntary income and do not include the costs of disseminating information in support of the charitable activities.
Governance costs relate to the general running of the charity as opposed to those costs associated with fundraising or charitable activity. Included within this category are costs associated with internal audit and risk, as well as external audit costs, as opposed to day-to-day management of the charity’s activities.
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All Nations Catholic Charismatic Group Notes to the financial statements For the year ended 31 December 2023
h. 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.
i. 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.
j. 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.
k. 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.
l. 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.
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All Nations Catholic Charismatic Group Notes to the financial statements For the year ended 31 December 2023
| 2 Donations and legacies Donation Regular offering Leadership programme offering Pentecost offering Annual retreat Other income 3 Charitable activities Grants 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 Honorarium Support costs 5 Finance costs |
2023 £ 1,547 1,032 403 591 14,958 3,350 21,880 2023 £ - - - - - - 2023 £ 2,706 9,820 351 3,260 140 64 250 4,399 20,989 2023 £ - - |
2022 £ 1,276 475 660 - 280 1,086 |
|---|---|---|
| 3,776 | ||
| 2022 £ - - |
||
| - | ||
| - | ||
| - | ||
| - | ||
| 2022 £ 350 1,173 250 - 125 57 510 1,575 |
||
| 4,040 | ||
| 2022 £ - |
||
| - |
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All Nations Catholic Charismatic Group Notes to the financial statements For the year ended 31 December 2023
| 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 9 Creditors:amounts falling due within one year 10 Creditors:amounts falling due after one year |
£ - 2023 £ - - - - - - - - - - 2023 £ 6,189 - 6,189 2023 £ - - - - 2023 £ - - |
£ - |
|---|---|---|
| 2022 £ - - - - - |
||
| - | ||
| - - |
||
| - | ||
| - | ||
| 2022 £ 5,298 - |
||
| 5,298 | ||
| 2022 £ - - - |
||
| - | ||
| 2022 £ - |
||
| - |
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All Nations Catholic Charismatic Group Notes to the financial statements For the year ended 31 December 2023
| 11 Fund movements Restricted funds Unrestricted funds The funds of the charity |
Balance at 1 January 2023 £ 686 686 4,611 4,611 5,298 |
Income £ 11,591 11,591 10,289 10,289 21,880 |
Expenditure £ (9,087) (9,087) (11,902) (11,902) (20,989) |
As at 31 December 2023 £ 3,190 |
|---|---|---|---|---|
| 3,190 2,999 |
||||
| 2,999 | ||||
| 6,189 |
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