2022-03-31-accounts

HIGHER LIFE IN CHRIST MINISTRIES

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST] MARCH 2022

CHARITY NUMBER: 1189838

HIGHER LIFE IN CHRIST MINISTRIES 62 – 64 CHARLES STREET LEICESTER LE1 1FB

INDEX Page Index 1 Trustee’s Report 2 – 3 Receipts and Payments Account 4 Statement of Assets and Liabilities 5 Notes on the financial Statements 6

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HIGHER LIFE IN CHRIST MINISTRIES

TRUSTEES’ REPORT YEAR ENDED 31[ST] MARCH 2022

The trustees are pleased to present their report for the year ended 31[st] March 2022 for the charity, Higher Life In Christ Ministries with charity number 1189838.

The Trustees of the charity are: Pastor Damith Attanayake Mahamalage Neel Kolvin Perera

The principal address of the charity is : 62 – 64 Charles Street Leicester LE1 1FB

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Charity governing document is a CIO – Foundation Constitution registered 8[TH] June 2020.The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.

OBJECTIVES AND ACTIVITIES

The Objects of the organisation are first to advance the Christian faith in accordance with the statement of beliefs for the benefit in the United Kingdom and in such other parts of the world as the trustees may think fit from time to time . The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.

ACHIEVMENTS AND PERFORMANCE

The Organisation continues to hold successful meetings through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. The organisation also continues to hold outreach meetings during the year in which individuals had the opportunity to hear the message of the Christian faith. This has produced good results in reaching and helping members of the community.

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FINANCIAL REVIEW

The income of the charity is above £11,440. This is a fair amount for this year of the charity the costs have been well managed over this period. The organisation is still in a good position to manage its costs. The main cost of the organisation was paying for the equipment it uses for its meetings.

RESERVE POLICY

It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure.This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to maintain this level throughout the year.

RISK MANAGEMENT

The charity have assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.

TRUSTEE RESPONSIBILITIES

Under the Charities Act 2011, the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:

1. Select suitable accounting policies and apply them consistently.

2. Make judgements and estimates that are reasonable and prudent.

3. State whether the applicable accounting standards have been followed.

4. Prepare financial statements on an ongoing basis.

They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.

Approved by the Trustees on 18[th] January 2023 and signed on their behalf by:

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HIGHER LIFE IN CHRIST MINISTRIES

ACCOUNTS FOR THE YEAR ENDED 31st March 2022

**1 **	Receipts & Payments Account (General	Purpose Fund)	Purpose Fund)
	Income Receipts	£/ 2022	£/2021
	Donations	11445	15835
	Interest	0	0
	Total Receipts	11445	15835
	Direct Charitable Expenditure
	Hall Hire	4207	7216
	Vehicle Expenses	7356	1108
	Church Supplies	798	473
	Media Supplies	0	94
	Refreshments	463	373
	Travel	380	51
	Welfare	0	3068
	Webhosting	36
	Rates	231
	Stationery	75
	Professional fees	336
		13882	12383
	Other Expenditure
	Equipment	1150	125
	Instruments
		1150	125
	Total Payments	15032	12508
	Net Receipts/(Payments) for the year	-3587	3327
	Cash Funds brought forward	4691	1364
	Cash Funds at the end of the year	1104	4691

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HIGHER LIFE IN CHRIST MINISTRIES

**2 **	Statements of Assets and Liabilities at 31st March 2022	Statements of Assets and Liabilities at 31st March 2022	Statements of Assets and Liabilities at 31st March 2022
	Monetary Assets
	Cash Funds	Unrestricted Funds
		£/2022	£/2021
		£
	Cash at hand and in bank	1104	4691
	Total Cash Funds	1104	4691
	Assets Retained for the
	Charity's Own use
	Non-monetary Assets and Liabilities
	Musical Instruments	80	100
	Equipments	1020	125
	Fixtures & Fittings
		1100	225
	Liabilities
	Bookkeeping	336	336

These accounts were approved by the trustees and signed on their behalf by: Pastor Damith Attanayake

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HIGHER LIFE IN CHRIST MINISTIRES

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31st March 2022

ACCOUNTING POLICIES

Basis of Accounting

These accounts have been prepared on the receipts and payments basis with all revenue and expenses shown on a cash basis. Non-monetary assets are shown at estimates of the value at the end of the year.

Funds

The CIO has a general unrestricted fund that receives voluntary donations from attendants at the services.

The CIO has no outstanding guarantees to third parties no any debts secured on the asstes of the CIO

Public Benefit

The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or aims that are for public benefit.Details of how this is achieved are provided in the Trustees report. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.

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