Charity Registered number 1188939
CHOSEN CHURCH MINISTRIES Unaudited Annual Accounts & Reports 30[th ] April 2023
Annual Accounts and Reports
| 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 |
| Detailed Income & Expenditure Accounts | 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 2023:
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
Metro Bank Lloyds Bank Barclays Bank
Accountants
EBS Accountancy Consultants Wheelwrights Way, Old Stratford Milton Keynes, MK19 6NY
Chosen Church Ministries
Trustee's Report for the year ended 30[th] April 2023
The Trustees present their reports and annual accounts for the year ended 30th April 2023 Trustees, structure, governance and management.
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:
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~ Person specification
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~ Interview
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~ Safeguarding policy compliance (including DBS checks)
New trustees are then given an induction pack, which is comprised of:
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~ Minutes of the most recent trustees' meeting
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~ Contact details of other trustees
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~ The last complete full-year
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~ 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 2022 & 2023 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 as a whole.
The charity has extensively continued its vision over its spread of Christian faith through various services & events run within the church premises, online platforms, during our monthly outreach in the community and our weekly community warm place.
We continue to see gradual and steady growth weekly in the number of people attending our weekly events both online and in-person. Not everyone has retuned back to in-person gathering, so we have continued to invest into better equipment that will make both in-person and online worship experience better for everyone.
We were able to provide free advice, resources, and services to members of the community affected by various economic and social issues. We also sign posted people in the local community to the local Council for services that they can access and benefit from. We offered various physical and emotional supports 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.
Chosen church has continued to fulfil its objective of providing a place of worship through our weekly Sunday services @11am which include amazing worship experience and applicable Bible teaching to strengthen, encourage, empower and equip the members and the wider community.
The facilities in the building allows us to expand on all areas of our vision and has been a key area of work the Charity has undertaken in this period. As the church continued to grow, we launched our Teenagers class where they are being taught God’s Word in practical and applicable way. This meant a part of the main auditorium was converted to classroom as part of Chosen church’s kids ministry.
Since the launch of our weekly online Bible study and prayers, this has helped many to increase their knowledge of the Bible and growing in their character too.
Chosen Church purchased improved sound equipment to present the gospel message professionally with a clearer sound which has further increased the online engagements & experience.
Provision of care required to meet the pastoral needs of any person that needed it or is seen to be in need of physical and financial support, also support for the elderly and the sick.
Chosen ladies online meeting & Chosen men of valour monthly online prayer keeps going from strength to strength with testimonies of changed lives.
The annual Chosen ladies conference was also very successful as women were able to gather to be empowered to live life to their full potential.
We also launched our children and youth camp day where you where our young people were able to socialise and learn in a fun and lively environment.
We have our monthly community outreach with free food parcels, prayers, and support to the community. Chosen church assisted many individuals & family in the relief of poverty financially, spiritually, physically and psychologically through weekly food bank, prayers, teaching and counselling.
Food parcels are also provided every Sunday from 1pm to everyone who needs it – which includes members, visitors and the wider community.
Pastors Isaiah & Adejoke provided care and support to members of the church. Several phone calls were made and house visits to members in the process of personal pastoral support provided.
Chosen Kids Ministry, serving children aged 1 - 18. Chosen Church hosted quarterly 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.
Chosen church also organised youth talent show and conference where young people had the opportunity to showcase their talents and skills.
We also organised a community free give away where the church community benefited from perishable and non-perishable items that were donated to the church for this purpose.
A team of us partnered with other local pastors to visit prison during Christmas in 2022 which was a huge success with 100 plus inmates giving their hearts to Jesus.
We also launched our couples’ night in event. This is an opportunity for marriages to be strengthen and provide an atmosphere where married couples can learn and encourage each other.
Volunteers All works undertaken by the Charity other than the administration and the primary provision of time and teaching by Pastors Isaiah, the rest are the result of voluntary contribution of members.
The various departments in the ministry not only fulfilled a responsibility in the ministry, they also gave people a unique opportunity to find community, to connect and look out for one another and grow together
Through all these activities the Trustees are of the opinion that there was ongoing and continuing Public benefit.
Volunteers
All works undertaken by the Charity other than the administration and the primary provision of time and teaching by Pastors Isaiah, the rest are the result of voluntary contribution of members.
The various departments in the ministry not only fulfilled a responsibility in the ministry; they also gave people a unique opportunity to find community, to connect and look out for one another and grow together.
Through all these activities the Trustees are of the opinion that there was ongoing and continuing Public benefit.
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: 26/02/2024
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 2023, 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
Independent Examiner's Report
Report to the trustees/members of: Chosen Church Ministries, Charity No: 1188939
On accounts for the year ended: 30th April 2023
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities 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
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Commission (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 statement
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity 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 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 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:
(1) which give me reasonable cause to believe that in, any material respect, the requirements:
• to keep accounting records in accordance with section 130 of the Charities Act;
• to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Date: 25th February, 2024
Signed
Name: Mr Yollard Kachinda
Chosen Church Ministries
Income and Expenditure Accounts for the year ended 30[th] April 2023
£
Income
Donations Income & Other Incomes 47,636.06
Expenditures
| Administration expenses 943.14 General expenses 1,829.81 Accountancy Fees 500.00 Website and media development 961.08 Bank Charges 97.99 Honorarium 836.50 Insurance 3,605.04 Motor expenses 1,514.52 Rent and Service Charge 15,373.39 Bradford & Leeds City Council 122.00 Lighting, Heating & Water Charge 1,495.31 Advertising and marketing 408.24 Fittings & Futures: chairs 1,703.41 Church Conference 2,488.34 Stationery and Printing 398.04 Music & Consultants 140.00 Telephone and Broadband 530.33 Welfare 815.48 Donations: Missions 600.00 Repairs and Maintenance 811.61 PAYE & NIC 89.29 Legal/Court fees 2,112.87 Pastor’s Allowance 550.00 Surplus for the year |
(37,926.39) 9,709.67 |
|---|---|
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.
The notes attached on pages 10, 11 and12 are all formed an integral part of these accounts.
Chosen Church Ministries Balance Sheet as at 30[th] April 2023
| Non-Current Assets FA – Equipment 6,527.01 Fixture, & fittings 1,703.41 Current Assets: Bank 1,479.25 Debtors0.00 Less: Current Liabilities Creditors 00.00 Net Liabilities Charity reserves Surplus for receipts and payment Charity Fund |
£ 8,230.42 1,479.25 |
|
|---|---|---|
| 9,709.67 0.00 9,709.67 9,709.67. |
Chosen Church Ministries
Notes to the Accounts for the year ended 30[th] April 2023
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 value 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 |
2023 £ 0.00 2023 £ 9,709.67 |
|---|---|
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 2023
| Unrestricted Fund Unrestricted Fund | Unrestricted Fund Unrestricted Fund |
|---|---|
| 2023 | 2022 |
| £ | £ |
| Income 47,636.06 | 28,240.38 |
| Expenditure (37,926.39) |
(30,031.17) |
| Gross movement of funds for the year 9,709.67 | (1,790.79) |
| Interest payable and Tax payment 0.00 | 0.00 |
| Net movement of funds for the year9,709.67 | (1,790.79) |
Chosen Church Ministries Detailed Income and Expenditure account for the year ended 30[th] April 2023
£
| Income | ||
|---|---|---|
| Voluntarily Income |
39,403.14 | |
| Gift Aid (HMRC) | 4,882.92 | |
| Other Income | 3,350.00 | |
| 47,636.06 | ||
| Expenditure | ||
| Administration expenses | 943.14 | |
| General expenses | 1,829.81 | |
| Accountancy Fees | 500.00 | |
| Website and media development | 961.08 | |
| Bank Charges | 97.99 | |
| Honorarium | 836.50 | |
| Building Insurance | 2,148.59 | |
| Public Liability Insurance | 475.09 | |
| MiniBus Insurance | 981.36 | |
| Motor expenses | 1,514.52 | |
| Rent | 12,797.47 | |
| Service charge | 2,575.92 | |
| Bradford & Leeds City Council | 122.00 | |
| Lighting and Heating | 981.07 | |
| Electrics & Water Charge | 514.24 | |
| Advertising and marketing | 408.24 | |
| Fittings & Futures: chairs | 1,703.41 | |
| Church Conference | 2,488.34 | |
| Stationery and Printing | 398.04 | |
| Music & Consultants | 140.00 | |
| Telephone and Broadband | 530.33 | |
| Welfare | 815.48 | |
| Donations: Missions | 600.00 | |
| Repairs and maintenance | 811.61 | |
| PAYE & NIC | 89.29 | |
| Legal/Court fees | 2,112.87 | |
| Pastor’s Allowance | 550.00 | |
| (37,926.39) | ||
| Net Surplus for the year | 9,709.67 |
Detailed analysis of income and expenditure for the year ended 30[th] April 2023 as required by the SORP 2015 as amended to reflect true and fair view of the accounts.