TRUSTEES REPORT AND ACCOUNTS 30Th NOVEMBER 2024 XSTAR MANAGEMENT SERVICES LTD DECISION TIME CHURCH 70HERON Ra4D HERNE HIiL L(Y4t)ON SE24 (%IB
DECISION MME CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED xi- f40VEMBER 2024 The trustees of the tharlty present their report wlth the financial TH statements of the charity lor the year ended 30 November 2024. The trustees have adopted the proNrysK)ns of the Statennt of Recommended Practice ISORPI 'Accountin8 and Reporting by Charities. issued in March 2005. REFERENCE AND ADMINISTrATIVE DETAIiS Registered Charity Number 1191633 Re8istered office South East London Community SDA Churth 70 Heron Road Herne Hill London SE24 OH8 Trustees Pastor Joyce Owusu Manu Mr Benjamin Sakyi-mensah Mrs Beatrice Amprtful Lydia Kogoii Oboapa Owusu-manu Trustee (Chaimianl Tfustee Trustee Trustee Tiustee Independent Examlne X-stor Management Services Limlted 53 Saxville Road Orpington, Kent BRS 3AN Banke Barclays 8ank
STRUCTURE. GOVERNANCE AND MANAGEMENT Goveming document The charity is controlled by its goveming documenL the Constitution and constitutes a charity. as defined by the Charities Att 2011. Membership of tW5tee boar The trustees of the charity are a150 voluntary trustees for the purposes of charity law and undei the charity's Constitution are known as members of the Trustees Board. Indurtton and tralnlng of trustees All trustees are familiar with the prartical work of the church and have undertaken training to support their role. Organiutional Structure The Trustee Board meets quarterly and a quarterly branch feedback report IS given at each meeting. The Branch Pastor has the responsibility for the day to day operalional management of the church supported by the Assistant Pastor elected by the branch. Rlsk rnana8ement The Trustees have a duty to identify and review the risks to vknich the charity Is exposed and to ensure appropriate controls are in place to provide reasonable assurance a8ainst fraud and error. Internal control risks are minimised by the implementatn of prOdureS for authorisation of all transactions and projects. Procedures and risk assessments are in place to ensure compliance th Health and Safety of volunteers: members; children- and visitors to the church. OBJEcfivES AND ACTNMES Achlevements 202312024- Dedslon Tlme Churth The folk)win8 pro8rammes were undertaken to promote awareness, information and knowledge sharing: Achievement 2023-2024 Distributed evangelism over leafiets in Camberwell Green around Burgess Park
Increased Sotial Media presence -intensfy evangelism on Facebook. YouTube. InstagTèm, fikTok and online streamin8 for church activitie We attended two days prayer day retreats at Ashburnham Christian Place IIS/0612024-2810812024). Charitsble donation to supwt orphans and widows in the church {3110312024) Bible Quiz competition- Church leader5 V5 con8regation116106120241 12 children have started learning instruments {keyboard. drum5. trumpet and bass 8uitsrl. We did Bible Quiz competiti. Men vs ¥fflen 21/07120241 We undertook Health talk on diabete5. life choices to gain- {21107120241 Party in the park. io¥e & Unsty:12110712024). Children week: Talent show. tslk on "Online Safety- Stsying safe online- Week commencln812210712024). Vocational skills and apprenticeship workshop INikWs Bartjers (31 July 2024 to 2 Au8USt 2024 (barbering skills). Fund raising toward5 church IlIding125/07/2o24). Live streaming: Decision fmie School of Marriage and Relationship Seminar for over 2(Kl people(112 November 2024). Weekly ChristiaTr Entrepreneuyship Videos and wisdom nu88ets on creatin8 multiple stTeams of income {Ecdesiastes 11=2). Seminar on Mortgages & Property Busines5116107120231. Youth Week: Youth sooal media & Relationship tssues -week commencing 129108120241. We or8anised Fruit5. Vegetable and Water Paity for members and residents12151 Sept 20241. Objectives for 2024- 2025 Or8anise 'Decision Time Children CreatNity and IMaginatTr Competition 2025 for over SO children18-18 years old). Bible Quiz mmpetition -church leaders vs Con8regation {16/0612024)
Bible Quii competition- Bws bs GiTls11410912025) 12 Children continue to learn weekly instTuments lessons. Comrnence rnonthly Teen Service. commencin8 on 2 Feb 2025 on Making the Right Choice for Peaceful Livin& No DruB5. No Smoking- Out of Crime Out of Pri50n. Fund raising towards church buildin811 June 20251. week vocational skills and apprenticeship workslx)p at SSB INikWs 8arbefs130 July 2025 to 30 Av8U5t 2025 Ibafbering skills). Weekly Christian Entrepreneurship vrdeos and wisdom nuggets on creating multiple streams of income IEcdesiaste$ 11.'2). Seminar on Mort8a8es & Property Bus•ness10910312025). Organbse Fruits, Vegetable and Water Party for members and residents121" Sept 20251. Live streaming: Decis#)n firne Sthool of Mafria8e and Relationship Seminar for over th 2LiI people {9 -11 November 20251. Multiple Marria8e counsellinB sessions for couples- PTe- and Post marriage counselling. FINANCIAL REVIEW The results for the year and the financial position of the charity are as shown In the annexed financial statements. The total incoming resources for 2024 was £52.057 as compared with É44.385 in 2023. This shows an increase in incomin8 resource5 more than £7.672 ober ihe wevious year. The increase ts due to membership commitments towards the thurch's objects. Reserves poliry The charity is keeping an appropfiate level of SerVeS to protert itself against any unforeseen eventualities. The charityhas the objeclive to acquire a property and is therefore savings towards the deXIts. Principal funding sources At present most of the church's funding continues to come from the tithes and collection of alms and annual harvest to support all its prinapal activities.
STATEMENT OF TRUStEES RESPONSIBIUTIES The trustees are responsible for preparing the financial statements in accordance with applicable law and United Kingdom Generally ACpted Accounting Practice (UK GAAPI. Charity law requires the trustees to prepare financial statements for each financial Year. Under that law the trustees have elected to prepare the financial ststements in accordance with the United Kingdom Generalty Accepted A(countin8 Practice (United Kingdom Accounting Standards and applicable lawl. The financial statements are required by law to give a true and fair view of the stste of affairs of the charitable company and of the surplus or deficit of the charitable company for that period. In preparing those financial statements. the trustees are required to= select suitable accouTrting poltcies and then apply them consistently- make judgements aNI estimates that ale reasonable and prudent- prepare the financial statements on the going concern basls unless it Is inappropriate to prestsme that the charitsble company will continue in business. The trustee5 are responsible for keeping proper aCCnting iecords which disclose with reasonable accuracy at any time the fmancial position of the charitable company and to enable them to ensure ihat the financial statements comply with the Charities Act 2011. They are also resrKtrnsible for safe8uardin8 the assets of the charity and hence for takin8 reasonable steps for the preveniion and detection of fraud and other irregularities. STATEMENT AS TO DISCLOSURE OF WFORMATION TO INDEPENDENT EXAMINERS So far as the trustees are awaie. there is no relevant information of which the charity's independent examiners are unaware. and each trustee has taken all the steps that they oughi to have taken as a trustee in order io make them aware of any examination information and to establish that the charivs independent examiners are aware of that information. INDEPENDENT EXAMINERS The independent examiners. X-star Management Services Limited will be proposed for re-appointment at the lorthcomin8 Annual General Meetin8. ON BEHALF OF THE BOARD: Oate: 291IyJ/2025 Pastor Joyce Owusu-manu Chair of Trustees Boa
INDEPENDEMf EXAMINER'S REPORT TO THE TRUSTEES OF DEasK)N TNE CHURCH. Statement of Ffjn8NJaf Acti¥ltw thè Balw( &et rdated MAe5 setLMrf pw 9 to 12. Ad 2011. MYWo ha5 been thken so lha1 nryht slale to dwvrty's tru IlxJse mattew5 rtyUirl to stsle Ihem in an TrTrI Examin s iep(Kt arml lorno To fUlt the Chuith's truste&s ¢yJi The Churth's Ivustees we re5F the WEparakn olthè 8coJth)ts. They cskn Ihat an l• not required fDr th'5 year (under 144 of Chantses Act 2011 Chants"es ktll ond that an It is our respon"lIty t.. Exam)fj the Sedxfft 14S ChwthesAd Ivndew Se¢lhJn 14515Xbl of the Chai$ kii.. and 8is ol Ind•nd•n1 Examin•f ff•p Our examinatK)n was carrd oul ith the Ge by the Chuwty An 8xaminakn a miVAT dlh• xcw)tiwvJ wo(tYds k•p¢ ty Chw¢h • Oxrvarin of tr¥J occounls presented with Ihose iewrds. 11 also consthraiK47 018ny unusual items or disclosur88 In The pw¢JcwJure8 uftderfakn do w)tPF(w¥Je all # •wIeO bè in an audil, and Ilmit&Y lo those rnalters get bdoAt. Indtpendent Examinerfs sent 1. Which giv8$ UB leas0ble Gaus& to that in any metertal reswd Iho requ¥emenis • to k8gp8crA)unbtyJ rewrds Tmth Seckn 130rd Ihe ChawTr*esArt rewKernenls ol Ihe Charities Acl Havo be wrot., or EMIMNUEL NTIM. MS¢. ACCA x.star Manaswnent knKes Lmniknd 53 Saxville Road Orplnoton. Kent BRS 3Am . 2?/07/2¢
DECISION TIME CJIURCH STATEMENT OF FINANCIAL ACTIVMES FOR ACCOUNTS PERIOD ENDED 30Th NOVEMBER 2024 GENERAL RESTRICIED TOTAL TOTAL 2024 2023 INCOMING RESOUR Voluntary It)tome Gift Aid Receipts Other Intome Investment Income TOTAL 42.147 42.147 44.349 36 52J)$6 44.385 RESOURCES £XPENDETr. CHARITABLE EXPENOITURE: Build1 Projects Management & Administrations 56,751 56.751 TOTAL 56.751 56.751 33.493 33.493 NET RESOURCES EXPENDED.. .4,695 10.892 NET MOVEMENTS FUNDS BALANCE 8ROUGHT FORWARD 10.892 10.892 2.194 NET RESOURCES EXPENSED TOTAL BALANCE CARRIED FORWARD 6.197 6,197 10.892
DEaSION TIME CHURCH BALANCE SHE AS AT 30TH NOVEMBER 2024 2023 Non-current Assets. Tangible Fiyed Assets Inveslments Total Non-current Assets 12.804 12.K14 14,892 12.804 12.804 14.892 Current Assets". Cash at Bank Debtors Prepaymenis (Rent Deposit) Gift Aid Receivables Total Current Assets 31.340 33.866 31.340 33.866 CREDITORS: Amouni fèlling Due wiihln one year.. Professional Fees Taxes Other Creditors Total CuNent UatltIeS 222 222 Net Current Assets 31,039 48,S36 NEf ASSETS 43 48.536 FUNDS". Accumulated Funds Surplus lor the year 48.536 -4.695 43.843 37,648 10.B88 536 Slgned by:..... Name:.. Posltion: Chairman of Trustees Board Date: aqlLTI rloj
DECISION TIME NOTES TO THE FINANCIAL STATEMENT~30- NOVEMBER 2024 ACCOUNTING POUCIES: The financial statements ha¥e been prepared in accordantr with applicable accounting standards and the Charities SORP. The financial statements have been wepared under the histOral cost convention except for the valuation of investment assets, which are shown at market value. The financial statements indude all transactions. assets and liabilities for which the Church C(nCil is re$Tr$Ible in law Re5trKted Funds represents donations or grants 1ved for a specific objert or invited by the Church Council for a specific objett. The funds may only beexpended on the specific object for which they were given. Any balance remaining unspent at the end of eath year must be carried forward as a balance on that fund. Generol Funds (Unrestricted Funds) are general funds which can be used for Church Counol ordinary purposes. 114COMING RESOURCES: Collections are (OSnI5ed when made. Amounts receivable under Covenant are recognised only when honoured by the covenanter. Income tax recoverable on covenafited or gift aid donations is recognised when clairnable. Grants and legacies are accounted for as soon as the church council is notified of it5 entitlement. Funds raised by the fete and similar events are accounted for 8ross. RESOURCES EXPENDED: Giants and donation5 are accounted for when pa over. or awarded, if that award creates a bindin8 or constructive obligation on the Church Council. Amounts received specificalty for mission are dealt with as restricted funds. All other expenditure is recognised when it is incurred and is accounted for 8ros5. FIXED ASSErs: Other fixtures, fittin8s and office equipment are stated at cost when incurred. DEPRECIATION: Fixluie5 Fittiry$ Equlpment
DEasioN TIME CHURCH NOTES TO THE ACCOUPITS FOR THE YEAR ENDED 30th NOVEMBER 2024 2024 INCOMING RESOURCES General Total 2a Voluntary Income Tithes & Offering Thanksofferin8 Gift Aid Returns Refunds Other Donations 40.547 40.547 43,763 445 9,909 100 44.349 52.056 Buildin8 Project: SundTy Donèlions TOTAI 52.056 52.056 44.349 Investment Income Interest. Dividend and Gains 36 36 TOTALS s2.? $1090 44.385
DEClSt014 TIME CHURCH RESOURCES EXPENDED FIX TH£ YEAR ENDED 31mi NOVEMBER 21)24 2024 2024 2023 Total 3 RESOURCES EXPENDED.. P41 & Adn Rent/Rates/council ta¥ WeblaTe Storage Musiclmedia Social Travel & Transport Accountancy Equipment Insurance (Building & Carl Stationery& Post*48e Bank Char8es Administration Cost Telephone/Fax & lllternet Lltilitie5 Donatlons Depreciation Publication Minrstry/E¥an8elism Bin Collections Staff Wa8es Children Ministry 4,186 1.536 10.912 4.186 1.536 10.912 1.193 1,624 850 2.33S 212 395 2.156 434 5.312 395 2.156 434 5.312 781 4.569 457 5.105 372 13.532 947 4.713 13.532 947 4.713 56.751 56.751 33.493 li
DEC1510N TIME CHURCH NOTES TOTHE ACCOUNTS. 30TH NOVEMBER 2024 4. TANGIBLE FIXED ASSETS: COSTfvALUATION Bal as at 0111212023 Additions bal a5 at 3011112024 Mu55ol In5 Otlke Ewp Medla TOTAL 4.465 5.433 20.902 26,335 4,2 5,168 14.620 14.620 6.547 DEPRECIATION= IBasi5- SL 15%) Balance as at 0111212023 Charge for the year 8alance as at 3011112024 3.837 1.637 5,474 3,837 6,584 13,532 1,292 1.292 3.655 6.766 NE7 BOOK VALUE Bal as at 3011112023 8a1 as at 3011112024 628 628 1.073 3.876 7.854 12,804 S. Bank & Cash Balance&. Barclays Bank other 31.340 a3,866 31.340 33,866 6. Credttors '. (Amount Falling Due wlihin LMeyearl Z024 Prolessional Seryice Accruals 222 222 12