# **Charity Registered number 1188939** # CHOSEN CHURCH MINISTRIES **Unaudited Annual Accounts & Reports 30[th ] April 2022** ## **Annual Accounts and Reports** ## **Contents** |**Contents**|| |---|---| ||**Page**| |**Trustee's report**|**1, 2, 3,4,5,6**| |**Accountants' report**|**7**| |**Independent Examiner’s report**|**7b**| |**Income and Expenditure Accounts**|**8**| |**Balance Sheet**|**9**| |**Notes to the accounts**|**10, 12, 13**| |**Summary Statement**|**11**| ## **Chosen Church Ministries, Charity Registered number: 1188939** ## **Charity Information** **Legal Status** : The organisation is a Registered Charity by England and Wales ## **Trustees** The following persons served as trustees during the year 30th April 2022: **Pastor Isaiah Dare Oyedele (Appointed 7th April, 2020) Pastor Joel Taller (Appointed 7th April, 2020) Dr Sunday Adebola (Appointed 7th April, 2020)** ## **Registered Office** Unit 10 Ashbrooke Park Parkside Lane Leeds, LS11 5SF ## **Bankers** Barclays Bank ## **Accountants** EBS Accountancy Consultants 128 Redbridge, Stantonbury Milton Keynes, MK14 6DJ ## **Chosen Church Ministries** ## **Trustee's Report for the year ended 30[th] April 2022** The Trustees present their report and annual accounts for the year ended 30th April 2022. Trustees, structure, governance and management This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies’ regime and also charity commission statutory Requirements of the governing document and the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” issued in March 2010 The Trustees and church members have not required the charity to obtain an audit. The Trustees are satisfied that the charity is entitled to exemption from the requirement to obtaining audit under section 415A of the Companies Act 2006 and SOPR Act 2011. Therefore, trustees acknowledged their responsibilities for complying with the requirements of accounting records and the preparation of accounts. ## **Objects** The objects of the charity are: - To advance the Christian faith throughout the UK and overseas for the public benefit, mainly but not exclusively by means of providing a place of worship, religious education, religious ceremonies and pastoral care in community. ## **Organisation** Chosen Church was registered on 20th March 2019 and started its operation 21st April 2019. The church was also registered as a charity on 7th April 2020. The charity is organised so that the trustees meet regularly to manage its affairs. Trustees are initially appointed by the Chief Executive Officer – Pastor and must fulfil the requirements set out in the constitution. After the initial setting up of the trust, future trustees must be appointed by resolution of the trustees. Our policy covers three distinct stages - recruitment, induction and training. First trustees recruit and elect new and/or additional trustees on the basis of: - ~ Person specification - ~ Interview - ~ Safeguarding policy compliance (including DBS checks) New trustees are then given an induction pack, which is comprised of: - ~ Minutes of the most recent trustees' meeting - ~ Contact details of other trustees - ~ The last complete full-year accounts - ~ Our constitution - ~ Charity Commission "The essential trustee" document ## **Training:** ~ Trustees nominate an existing trustee to help assist with the integration of the new trustee into the board and in order to facilitate any questions about procedure etc. ~ We ask all new trustees to attend at least one trustee training session. Relevant external training is encouraged. ## **Activities and Achievements** Activities in 2021 & 2022 at Chosen church purposed to fulfil the four areas of the vision of Chosen church which is to REACH, TEACH, EQUIP, SERVE. Reach different generations with the Good News Teach different generations about their identity in Christ. Equip different generations to fulfil their calling. Raise a people who will serve God, serve one another & serve their community & nations with their gifts, resources and talents. The Charity principal activity during the year was continued to be ministering to church members and the community. The charity has extensively continued its vision over its spread of Christian faith through various services and events run within church premises, online platforms and during our outreach in the community. Many still financially support the charity as they want us to continue reaching and helping others like them. We were able to provide free advice, resources, and services to members of the community affected by various economic and social circumstances. We also sing posted people to the local Council for services that they can access and benefit from. We offered various physical and emotional support for members of the church & community. We held a variety of free seminars and free conferences aimed at empowering, educate, and encourage. These seminars and conferences fall under various categories including those open to everyone in the community, those for youth, those for women, those for men and those for leaders. Many testified that they have been blessed, empowered, encouraged, and strengthened through these seminars, conferences, and activities. Since the full release of lock-down, we have seen more people attending our weekly events both online and in-person. Because not everyone returned to in-person gathering, we have invested into better equipment that will make the online worship experience better for those still online. We have seen many new individuals and families from around Leeds and the surrounding cities gathered weekly since we opened the church building in December 2020 for our physical meetings. We have also seen growth in the character and lifestyle of those we have reached, helped, and ministered to as a charity. Since the re-opening of our physical church, our church membership has grown both spiritually and numerically and we give God all the glory. Chosen church has continued to fulfil its objective of providing a place of worship through our weekly Sunday service @11am which included amazing worship experience and applicable Bible teaching to strengthen, teach, encourage, empower, and equip the members and the wider community. The facilities in the building allowed us to expand on all areas of our vision and has been a key area of work the Charity has undertaken in this period. During this period, the charity has passionately followed its vision over its spread of Christian faith through various services & events run within the church premises, online platforms and during our outreach in the community. In equipping the church, we launched our weekly Bible studies which was also broadcasted onto our social media platform. This has helped many to increase their knowledge of the Bible and growing in their character too. Chosen Church purchased improved broadcasting equipment to present the gospel message professionally on screen, further increasing the online engagements & experience. Pastors Isaiah and Adejoke Oyedele spent a considerable period teaching, counselling, advising, and helping the congregation with prayers, visiting, private coaching and counselling sessions. The charity also engaged in provision of care required to meet the pastoral needs of any person that needed it or is seen to need physical and financial support, also support for the elderly and the sick. We host monthly ladies meeting which invites others who don't normally attend a church. Chosen Ladies held monthly meeting where ladies can interact and there were also seminars on different topics such as identity in Christ, confidence, self-worth and self-esteem, work, purpose, life & family balance, career developments, parenting. Chosen ladies annual conference also hosts guest speakers who comes to encourage and empower ladies from different walks of life. This has been life changing and many women leaves the conference with a sense of empowerment and feeling ready to take on whatever life throws at them. The men’s group continues to meet quarterly to strengthen, empower and support men of all ages and from different backgrounds. We held monthly community outreach with free food parcels, prayers, and support to the community. Chosen church assisted many individuals & families in the relief of poverty financially, spiritually, physically, and psychologically through weekly food bank, prayers, teaching, mentoring, and counselling. Food parcels are also provided every Sunday from 12.30pm – 1.30pm and Mondays from 10am -1pm for everyone who needs it – including visitors, and the wider community. Chosen Kids Ministry, serving children aged 1 - 18. Chosen church hosted monthly Zoom meetings for children and young people. These meetings have had positive impact on the children, and young people in terms of their mental health and general well-being. We have also seen good engagements from both parents & young people locally and even internationally. Every Sunday morning, we have classes for children aged 1-16 where they are looked after, taught, and do activities led by trained volunteers and are provided with snacks while parents can enjoy our weekly Sunday morning meeting. Chosen church also organised youth talent show and conference where young people had the opportunity to showcase their talents and skills. As the Charity’s key objective is the relief of poverty and furtherance of the Christian faith most of the events that took place in the year focused on improving relationships in the family, empowering, and counselling youths to help reduce bullying, gang crimes and providing for the needs of people in the community. We’ve been able to meet needs in the community in this context by opening the church building to the community and this allows people of other faiths to come and ask questions to understand what the Christian faith is about. Many of the community events have been used as a platform to help those struggling in different areas including financially, help where we can and direct them to local agencies who can offer specific help. At these community events we give lunch or dinner packs to members of the community we know are struggling to make ends meet especially the single parents or those who have just lost jobs and are in the process of applying for job seekers allowance or other benefits. ## **Volunteers** All works undertaken by the Charity which includes services, activities, conferences, seminars, and events are run by volunteers and therefore their contribution is very important to what we achieve as a Charity. The charity has about 35 volunteers. As a Charity, we extremely value the contribution of its volunteers and reimburses them for all authorised expenditures. The Charity has been able to minimise cost because of the time our volunteers invested into making the aims and objectives of the Charity a reality. This is quite significant as the charity relies solely on contributions from members and partners. ## **Organisational structure** As described in the constitution. ## **ACHIEVEMENT & PERFORMANCE** Fundraising activities The charity relies on gift aid from the donors identified in the accounts whose support is valued and from one weekly collection from those attending and also during any special events. The Bible way of giving during our services has been the only way the Charity has been funded. There have been no other fundraising activities. ## **Investment performance** There have been no investments made by the Charity within the period. ## **FINANCIAL REVIEW** Principal Funding Sources Donations and gifts are our principal sources of funding. The funding has supported our weekly running costs, community outreach programmes, preventing poverty and provided relief to families in financial hardship. ## **Investment policy and objectives** The Charity's cash does not merit investing in standard bank account however if this is feasible in the future the trustees will agree how funds are invested. ## **Financial Review** Full details of the financial transactions are contained in the attached accounts. ## **Reserves policy** The Trustees have reviewed the charity’s needs for reserves in line with guidance issued by the Charities Commission and consider it prudent that free, unrestricted reserves need only be sufficient to meet running costs. ## **Risk Management** The Trustees actively review the risks which may affect its continuation or the smooth running of its services on a regular basis. The Trustees also examine other operational and business risks faced by the charity and this helps to mitigate any significant risks which may arise. On behalf of Trustees Pastor Isaiah Dare Oyedele ## **Chairman of Trustees** Dated: 25/02/2023 ## **Accountant’s Report Accountants' report to the Trustees of Chosen Church Ministries** We have carried out our normal independence duties to Chosen Church Ministries as usual as Accountants to the charity. And we consider that the Charity is exempted from an audit for the year ended 30[th] April 2022, in accordance with the charities Act 2011 and all other applicable law and within United Kingdom Generally Accepted Accounting Practiced and for being satisfied that the financial statements give a true and fair view. We consider that the audit requirement of Section 144(1) of the charities Act 2011(the Act) does not apply, and that there is no requirement in the government document for the conducting of an audit. As a consequence, however, the Trustees can decide the financial statements and materials/accounting records provided subjected to independent examination. Chosen Church Ministries, trustees have acknowledged, on the accounts and balance sheet, their responsibilities for complying with the requirements of the Charities Act 2011 (as described on page 9) with respect to accounting records and the preparation of financial statements Trustees have performed their duties by providing all necessary documents for the accounting period in question. Their responsibilities also include preparing accounts that give a true and fair view of the state of affairs of the charity at the end of the financial year and of its surplus or deficit for the financial year. In accordance with their instructions, we have carried out prepared accounts which comprised the Income and Expenditure, the Balance Sheet and the related notes from the accounting records of the charity and on the basis of information and explanations given to us by trustees and management. The trustees have assessed all-risks to which the charity is exposed, and are satisfied that internal control systems are in place to mitigate exposure to any risks. We have not carried out any audit /or any other review, and consequently we do not express any opinion on these accounts. Dated: 23/02/2023 Accountants: Signed: ## **EBS ACCOUNTANCY CONSULTANTS LTD** On accounts for the year ended: 30th April 2022 ## **Respective responsibilities of trustees and examiner** The charity's trustees are responsible for the preparation of the accounts. The charity's to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act), and of any unusual items or disclosures in the accounts and seeking explanations from the 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 set out in the statement below. requirements: to prepare accounts which accord with the accounting records and comply with the to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed Name: Mr Yollard Kachinda ## **Chosen Church Ministries** ## **Income and Expenditure Accounts for the year ended 30[th] April 2022** ## **£** ## **Income** Donations Income & Gift Aid 28,240.38 |**Expenditures**
Accountancy fees
General expenses
Website development and media
Administration expenses
Honorarium
Insurance
Rent
Lighting and Heating
Advertising and marketing
Motor expenses
Stationery and Printing
Music Equipment
Telephone and Broadband
Welfare
Repairs and maintenance
PAYE & NIC
Loan Repayment
Wages and Salaries
Deficit for the year|1,093.99
1,505.17
819.46
733.04
625.00
1,893.99
17,201.09

896.01
646.77
665.23
280.53
65.00
287.43
150.00
84.20
100.06
1,600.00
1,384.20|(30,031.17)| |---|---|---| |||**(1,790.79)**| In accordance with the provision of the companies Act 2006, the headings and subheadings are used in the income and expenditure account have been adapted to reflect the special nature of the charity’s activities. All activities derive from continuing operations of the charity. The notes attached on pages 10, 11 and12 are all formed an integral part of these accounts. |**Chosen Church Ministries**||| |---|---|---| |**Balance Sheet as at 30th April**|**2022**|| |||**£**| |**Non-Current Assets**||| |FA – Equipment||| |Fixture, & fittings|2,481.00|2,481.00| |Current Assets:||| |Bank|291.42|| |Debtors|0.00|| |||291.42| |Less: Current Liabilities||| |Creditors|00.00|| |||**2,772.42**| |**Net Liabilities**||| |Charity reserves||4,563.21| |Deficit for receipts and||(1,790.79)| |payment||| |||**2,772.42.**| |Charity Fund||| ## **Chosen Church Ministries** ## **Notes to the Accounts for the year ended 30[th] April 2022** ## **1. Accounting policies** ## **Basis of preparation** The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities and charities (effective April 2008). Risks and future assumptions The charity is a public benefit entity. ## **Income** Voluntarily Income is received by the way of donations and gifts, and all are included in full in the statement of financial activities when receivable. Donated services and facilities are included at the value of the charity, where this can be quantified. ## **Volunteers** In accordance with The Charities Statement of Recommended Practice (SORP), and in recognition of the difficulties in placing a monetary value on the contribution from volunteers. The value of services provided by volunteers has not been included or accounted for in monetary value. However, the trustees valve the significant contribution made to the activities of the charity by unpaid volunteers. ## **Gift Aid** Gift aid from HMRC (government donations 25% of taxable income giving) has been included in the financial statement and has been fully accounted for. ## **Depreciation** Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. Plant and machinery 20% straight line Motor vehicles 25% straight line ## **2. Interest payable** |Interest payable
**3. Income and Expenditure account**
Retained Surplus/Deficit for the year|**2022**
**£**
0.00
**2022**
**£**
(1,790.79)| |---|---| ## 4. **Tangible fixed assets** Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost valve includes all costs expended in bringing the asset into its intended working condition. ## **5. Debtors** Debtors are measured at their recoverable amounts at the balance sheet date ## **6. Creditors** Credits also are measured and accounting for at their recoverable amounts at the balance sheet date ## **7. Cash and bank balance** Cash held by the charity is included at the amount actually held and counted at the end of year. Therefore, bank balance whether in credit or debit (overdrawn) are shown at the amounts properly reconciled to the bank statements. ## Chosen Church Ministries ## **Summary Statement of Financial Statement for the year ended 30[th] April 2022** |**Unrestricted**|**Fund**
**Unrestricted Fund**|**Fund**
**Unrestricted Fund**| |---|---|---| ||**2022**|**2021**| ||£|£| |Voluntarily Income|28,240.38|27,625.00| |Expenditure|30,031.17)|26,328.00| |Gross movement of funds for the year|(1,790.79)|1,297.00| |Interest payable and Tax payment|0.00|0.00| |Net movement of funds for the year|(1,790.79)|1,297.00| ## **Chosen Church Ministries Detailed Income and Expenditure account for the year 30[th] April 2022** ## **£** |**Income**||| |---|---|---| |**Voluntarily Income**||**21,081.60**| |**Gift Aid (HMRC)**||**7,158.78**| |||**28,240.38**| |**Expenditure**||| |Accountancy fees|1,093.99|| |General expenses|1,505.17|| |Website development and media|819.46|| |Administration expenses|733.04|| |Honorarium|625.00|| |Insurance|1,893.99|| |Rent|17,201.09|| |Lighting and Heating|896.01|| |Advertising and marketing|646.77|| |Motor expenses|665.23|| |Stationery and Printing|280.53|| |Music Equipment|65.00|| |Telephone and Broadband|287.43|| |Welfare|
150.00|| |Repairs and maintenance|84.20|| |PAYE & NIC|100.06|| |Loan Repayment|1,600.00|| |Wages and Salaries|1,384.20|| |||(30,031.17)| |**Net Deficit for the year**||**(1,790.79)**| **Detailed analysis of income and expenditure for the year ended 30[th] April 2022 as required by the SORP 2015 as amended to reflect true and fair view of the accounts.**