2022-01-31-accounts - Goodnews Christian Centre

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GOODNEWS CHRISTIAN CENTRE

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] JANUARY 2022

Charity number: 1189750

Goodnews Christian Centre Trustees’ Report and Financial Statements 2022

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31[ST] JANUARY 2022

Goodnews Christian Centre is governed and administered by an executive board comprising of the Board of Trustee. The Board of trustees are responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. It provides strategic leadership and the day-today administration and running of the charity. There are currently three serving members in the board of Trustees

Board of Trustees

Chairperson Olaitan Oludayo Ogalar

Trustees

Omodunni Comfort Adeoba Kadie Doris Hennie Conteh

Charity registered number

1189750

Registered Office

GOODNEWS CHRISTIAN CENTRE RYECROFT COMMUNITY HUB 28 NEW FOREST ROAD WALSALL WS3 1TR

Independent examiner

Rich Brother Accountants Ltd, 28 Camberwell Road, London SE5 0EN

Bankers

Co-operative bank

1 Goodnews Christian Centre Trustees’ Report and Financial Statements 2022

TRUSTEES’ REPORT FOR THE YEAR ENDED 31[ST ] JANUARY 2022

The aims and purpose of Goodnews Christian Centre is to promote the Christian religion through activities and events recommended and approved by the leadership of the charity. Our main aims and purpose:

To spread the gospel of Jesus Christ across the nations through effective face to face evangelism, use of the media including the internet, radio and television and publication of materials or other literatures for the promoting and spreading of the gospel
To build a godly community through identifying people’s social and spiritual needs and facilitating ways to meet those needs
To co-operate with other churches or similar bodies for the relief of poverty and for other charitable purposes that are for the benefit of mankind.
To relief poverty
To advance education for the benefit of disadvantaged children

OBJECTIVES AND ACTIVITIES

Objectives and activities

Goodnews Christian Centre is committed to enabling and empowering people in the community to serve their purpose through:

Affording the knowledge of God to the community at large through evangelistic work and encouraging people to worship with us and seek eternal life salvation through the Lord Jesus Christ
Congregational community and missionary work including offering practical help, advice and assistance to the homeless, unemployed and others that are less able in the society
Enlightening congregation members and the community at large with the gospel of Jesus Christ through face-to-face evangelism, providing necessary support to new converts to grow and develop in their new found faith through effective pastoral care
Community wide empowerment projects for the benefit of mankind in the wider community

2 Goodnews Christian Centre Trustees’ Report and Financial Statements 2022

TRUSTEES’ REPORT FOR THE YEAR ENDED 31[ST ] JANUARY 2022

In planning the activities for the year, we relied on guidance on public benefit and specific guidance on charities for the advancement of religion. For wider public benefit purposes, the Charity in the course of the year has actively engaged in both congregational and community wide activities mostly through zoom that are geared towards promoting social inclusion and empowering people to live a sustainable Christian life. Amongst them are;

Weekly, monthly, quarterly worship, prayer meetings and bible studies
Community wide evangelistic outreach and missionary work
Advancement of the Christian religion by promoting knowledge of salvation through
Teaching materials on the World Wide Web
Provision of pastoral care for the congregation, local community and new converts to help them live a sustainable life in their newfound

In carrying out our activities both within and outside our worship centre, we always ensure that we do not compromise the core principles of our statement of faith as set out in our governing constitution.

REVIEW OF ACTIVITIES AND ACHIEVEMENTS

Due to the current pandemic, monthly prayer and network meetings were held through zoom and other electronic medium. Membership is open to other faith and religion. Other achievements include

. We open a Church bank account.

. We moved into a new place of worship

. The church is meeting via Zoom for our prayer meeting, Bible study and monthly special fasting programme.

. The Lord blessed the church with two boys and a set of twins.

. We have a place we can keep the church property now

. The Lord added new members to the church.

. The Church is working towards getting our own property for soon.

.The Church has sponsorship License to employ instrumentalist and volunteer, they will make our worship better.

3 Goodnews Christian Centre Trustees’ Report and Financial Statements 2022

TRUSTEES’ REPORT FOR THE YEAR ENDED 31[ST ] JANUARY 2022

The trustees present their annual report together with the unaudited financial statements of the charity for the year ended 31[st] January 2022. The Trustees confirm that the Annual Report and financial statements of the charity comply with the current statutory requirements, the requirements of the Charity’s governing document and the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” issued in March 2005.

REVIEW OF FINANCIAL POSITION

The financial statements covered the operation of Goodnews Christian Centre, and it has been prepared in accordance with the requirements of the 2005 Statement of Recommended Practice (SORP)

For the year ended 31[st] January 2022, the financial activities show total incoming resources of £2,199 (2021-5,194)which is the total tithes and offering donations received from members.This was disbursed mainly on charitable activities and total expenditure amounted to £3,098 (2021-£1,817).We closed the year with a net loss of £899.

STATEMENT OF TRUSTEE’S RESPONSIBILITIES

The trustees are responsible for preparing the Trustee’s report and the financial statements in accordance with applicable law.

Charity law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing these financial statements, the Trustees are required to:

Select suitable accounting policies and then apply them consistently.
Observe the methods and principle in the Charity SORP;
Make judgments and estimates that are reasonable and prudent.
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 adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity, hence taking reasonable steps for the prevention and detection of fraud and other irregularities

4 Goodnews Christian Centre Trustees’ Report and Financial Statements 2022

TRUSTEES’ REPORT FOR THE YEAR ENDED 31[ST ] JANUARY 2022

This report was approved by the Trustees on 15[th] November 2022 and signed on their behalf, by:

…………………… …………………………… Olaitan Oludayo Ogalar Omodunni Comfort Adeoba

Chairperson Trustee

5 Goodnews Christian Centre Trustees’ Report and Financial Statements 2022

INDEPENDENT EXAMINER’S REPORT OF THE GOODNEWS CHRISTIAN CENTRE

We report on the financial statements for the year ended 31[st] January 2022 which are set out in pages 7 to 9. This report is made solely to the Charity’s Trustees, as a body.

Respective responsibilities of trustees and examiner

As explained more fully in the Trustees’ responsibilities statement, the Trustees are responsible for the preparation of the financial statements.

The charity’s trustee consider that an audit is not required for this financial statement (under section43 (2) of the Charity Commission (under section 43(7) (b) of the Act), and to state whether matters have come to our attention.

Basis of Independent examiner’s report

Our examination was carried out in accordance with Charity SORP. 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 the course of our examination, no matter has come to our attention: which indicates that:

Adequate accounting records have not been kept;
The financial statements are not in agreement with the accounting records
We have not received all the information and explanations we require for our audit.

Julius Olaogun FCCA

For and on behalf of

RICHBROTHER ACCOUNTANTS LTD CHARTERED ACCOUNTANTS AND TAX CONSULTANTS 28 Camberwell Road LONDON, SE5 0EN

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STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31[ST] JANUARY 2022

RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31[ST] JANUARY 2022

Unrestricted funds £ 2,199 -	Designated funds £ - - -	Restricted funds £ - - -	Endowment Total Total funds 2022 2021 £ £ £ - 2,199 5,194 - - - -
2,199			2,199 5,194
3,098			3,098 1,817
3,098			3,098 1,817
-899 -	-	-	-899 3,377 - - -
-899 3,377			-899 3,377 3,377 - 2,478 3,377
2,478

7 Goodnews Christian Centre Trustees’ Report and Financial Statements 2022

GOODNESS CHRISTIAN CENTRE

STATEMENT OF ASSETS AND LIABILITIES AS AT 31[ST ] JANUARY 2022

STATEMENT OF ASSETS AND LIABILITIES

Cash Funds

Bank

Short term Credits

Assets retained for church use

Furn & Fit / Musica Inst / Audio Visual

Unrestricted funds £	Restricted funds £	Endowment Total Total funds 2021 2021 £ £ £
2,551	-	2,551 3,704
-	- -	- - - -
-	-	- - -

2,551	-	- 2,551 3,704
	-	- - -
400	-	- 400 400

Liabilities

- - -

This report was approved by the Trustees on 15[th ] November 2022 and signed on their behalf, by:

…………………… …………………………….

Olaitan Oludayo Ogalar Omodunni Comfort Adeoba

Chairman Trustee

8 Goodnews Christian Centre Trustees’ Report and Financial Statements 2022

GOODNEWS CHRISTAN CENTRE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] JANUARY 2022

1.The accounts have been prepared in accordance with the Church Accounting Regulation 2006 Using the Receipts and Payments basis

Receipts and payments

analysis of church activities

Receipts

Tithes and offerings Payments Hall Hire Welfare Direct Service Cost Admin/General Exps Insurance Accountancy			Unrestricted funds £	Designated funds £	Restricted Total funds 2022 £ £
			2,199		2,199
			720 100 1100 454 324 400		720 100 1100 454 324 400
			3,098		3,098

9 Goodnews Christian Centre Trustees’ Report and Financial Statements 2022