Registered Charity No – 1200274
ASIAN CHRISTIAN CHURCH NEWCASTLE Trustees’ Report and Accounts For the Year Ended 31 October 2024
| CONTENTS | PAGE |
|---|---|
| Legal and Administrative Details | 3 |
| Trustees' Report | 4 |
| Independent Examiners’ Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to the Accounts | 10 |
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REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 OCTOBER 2024
Trustees Hanooq Yaqub Daniel Soudagar Nasir John
Charity registered Number 1200274
Date of Charitable Registration 5[th] September 2022 Principal office 34 Henderson Gardens The Polish Centre 2 Maple Terrace Newcastle NE4 7SF Independent examiners Accounting Assist Ltd C/o Good to Give Bankers NatWest Bank
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TRUSTEES' REPORT FOR THE YEAR ENDED 31 OCTOBER 2024
The Board of Trustees, who are the trustees for charity law purposes, submit their annual report and the financial statements of Asian Christian Church Newcastle for the year ended 31 October 2024. The Board of Trustees confirms that the annual report and financial statements of the Charity comply with 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 (revised 2005).
Structure, governance and management
The 3 Trustees are:
Hanooq Yaqub Daniel Soudagar Nasir John
The Trustees play a primary role in ensuring good governance and functioning of the foundation. The Board’s role, functions and responsibilities are quite clearly defined.
The Charity currently has a strong team of Advisory board members in the UK who have helped to secure financial support and contribute to the future planning of the organisation.
Governing Document:
Asian Christian Church Newcastle is an unincorporated charitable organisation formed on 5[th] September 2022 and registered as a charity on 5[th] September 2022. The charity is governed by a Trust deed dated 5[th] September 2022
Recruitment and appointment of Trustees:
The members of the General Trustee Board are trustees for the purpose of charity law. New trustees maybe appointed by resolution of a meeting of the trustees.
Much of charity’s work focuses upon promotion of Christian Faith and the running and maintenance of its places of worship.
The General Trustee Board seeks to ensure that the needs of this group are appropriately reflected through the diversity of the trustee body; to enhance the potential pool of trustees the charity has through selective advertising and networking with voluntary organisations active in the sector sought to identify those who would be willing to become members of the charity and use their own experience to assist the charity.
Risk Management:
We are committed to a policy of identifying, monitoring and managing the risks that might adversely affect the activities in which we are involved. In this context, risk is defined as the potential to fail to achieve charity objectives and for loss, financial and reputational, inherent in the environment in which we operate in the nature of the transactions undertaken.
The principal risk of the charity has been its dependence on voluntary income. Trustees have initiated various processes to mitigate such risk so that the charity has sufficient reserve in the event of adverse condition(s).
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TRUSTEES' REPORT FOR THE YEAR ENDED 31 OCTOBER 2024
The trustees have alco examined other operational and business risks which they face and confirm that they have taken steps to mitigate the significant risks.
Public Benefit:
The Trustees have complied with the duty in Section 4 of the Charities Act 2006 and have paid due regard to public benefit when preparing this report. The benefit provided to the public is consistent with the aims of the charity in UK.
Objectives and activities:
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To advance the Christian faith for the benefit of the public in accordance with the statements of belief appearing in the schedule.
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To promote for the benefit of the inhabitants and the surrounding area the provision of facilities for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving the condition of life of the said inhabitants.
Operational costs for this year have been supported by donations from Trustees and general donations received through fund raising activities.
Financial review:
The largest contribution to the charity for the year came from general offerings. The charity began its charitable activities from 5[th] September 2022.
The Charity currently aims to designate the total fund received less expenses for the main objective of the charity.
Plans for future periods:
The Charity plans to develop a new fundraising strategy to include mass marketing. Besides mass marketing and events, the charity is aiming to achieve its targets through securing donations from willing Individuals, trusts and foundations and corporate supporters. A development board may be created to help include other avenues of fundraising to be included in the yearly programme.
Statement of Board of Trustees’ responsibilities
The Board of Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
Charity law applicable to charities in England/Wales requires the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the surplus or deficit of the Charity for that period. In preparing those financial statements the Board of Trustees have:
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Selected suitable accounting policies and applied them consistently,
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Made judgments and estimates that are reasonable and prudent,
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Stated whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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Prepared the financial statements on a going concern basis (unless it is inappropriate to presume that the Charity will continue in operation).
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TRUSTEES, REPORT FOR THE YEAR ENDED 31 OCfOBER 2024 The Board of Tre£S has overall responsibility foT ensuring thai the Chariry has an appropriate system of controls. fmancial and othcrwisc. Th¢y ¥r¢ also r¢snsIble for keepin8 proper accounling rttord5 which disclose with reasonable accw. al any lime the financia] position Df the Charity and enable them to etLwre that the financial 5ts1cm¢nts cotnply the Clwiues Affl 1993. Thcy arc also responsible for safeguarding ibe assets of tbe Charitv and h¢ll¢e for taking reasonable steps for tbe Iktcction and preyenhon olfraud and other irregularities. Th¢ Board of Te¢S is responsible for the maintenance and integritv of the corwdte and financial inforn]ation iD¢ludcd on the CtwJ"ry's websi. Legislation in the Unld Kingdom govcrDing the preparaiion and dissemination of financial slalements may differ from legislation in other jurisdiction5. Stsiement of disc1084 of infomTration to indepen&nt examiner. We. &$ the Trustees of the Charity who hcld otTicc at the dat¢ of aprmval of these financial ststemcn as set out on page 3 each confirni. so far as we are aware, thai.. Thcre is no r¢l¢Yant infomtion of which the Chariiys indq>cndcnl cxamin¢r are lln2w2re' and we have taken all the steps that we ou1 to hai'e tskett as Trustees in order to make ourselves aware of any relevant infornution and to cstsbli5h that the cljaritys ind¢pendent examiner aware of information. Independent Eiamlfter: The Charity's indep¢ttdent examiner. Anum FCCA of Accowiting Assist Ltd Clo G(x)d io Give Ltd bave indicated their wiuingness to offer them*1.e5 app)ititment. This report was approved by the Tn]SM OD and on theirbehalfby.. 1¢.. Signature...... 61, age
INDEPENDENT EXAMINER`S REPORT FOR THE YEAR ENDED 31 OCTOBER 2024
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ASIAN CHRISTIAN CHURCH NEWCASTLE
I report on the financial statements of the charity for the year ended 31 October 2024 which comprise the Statement of Financial Activities and Balance Sheet with associate notes.
This report is made solely to the charity's Trustees, as a body, in accordance with section 145 of the Charities Act 2011 and regulations made under section 154 of that Act. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my examination work.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The charity's Trustees are responsible for the preparation of the financial statements, and they consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 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 Commissioners (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 report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Group/District 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 you as 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:
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1) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 130 of the Act; and
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to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the 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 financial statements to be reached.
Signed: Dated: 11/06/2025
Anum Hassan, FCCA
On behalf of Accounting Assist Ltd
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STATEMENT OF FINANCIAL ACTIVITIES (Incorporating income and expenditure account) FOR THE YEAR ENDED 31 OCTOBER 2024
| Unrestricted | Restricted | Total Funds | Total Funds | ||
|---|---|---|---|---|---|
| 2024 | 2024 | 2024 | 2023 | ||
| Notes | £ | £ | £ | £ | |
| Incoming resources | |||||
| General offerings | 41,020 | - | 41,020 | 11,904 | |
| Gift Aid | - | - | - | - | |
| Other | 6,001 | - | 6,001 | - | |
| Total Incoming resources | 47,021 | 0 | 47,021 | 11,904 | |
| Resources expended | |||||
| Charitable Activities & Expenditure | 43,792 | - | 43,792 | 3,712 | |
| Rent | 1,980 | - | 1,980 | ||
| Governance costs | 720 | - | 720 | 720 | |
| Total Resources expended | 46,492 | 0 | 46,492 | 4,432 | |
| Movement in total fund for the year- | |||||
| Net income / (expenditure) For the | 528 | 0 | 528 | 7,472 | |
| year | |||||
| Fund balance brought forward | 7,472 | 0 | 7,472 | 0 | |
| Fund balance carried forward | 8,000 | 0 | 8,000 | 7,472 |
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BALANCE SHEET AS AT 31 OCTOBER 2024 2024 21)23 FtXED AETS T4ngiblt &%setg tkbtors &7211 &192 720 &192 CRF.DrroRS: f4iliThE the *ihin t5TeyeaT -72 -7211 NKTCURRENT ASSETS &oo• 7A72 &oo• 7.47Z CUARLTY FL'NDS Unrestrithed 7A72 Rcsrricted TiyfAL FUNDS ?A72 Thi5 V¥lS approvd by the Trustees on and s1cd QD theirbebalf by: H4:prA...yhCcu Signature..... Th¢ notcs OD Pagu 10 fom pth of th¢s¢ fiTwicial 5tht¢m¢nts
NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 OCTOBER 2024
1. ACCOUNTING POLICIES
1.1 Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), 'Accounting and Reporting by Charities' published in March 2005 and applicable accounting standards.
1.2 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
1.3 Incoming resources
All incoming resources are included in the Statement of financial activities when the charity has entitlement to the funds, certainty of receipt and the amount can be measured with sufficient reliability.
Donated services or facilities, which comprise donated services, are included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognised where there is no financial cost borne by a third party.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
1.4 Resources expended
Expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities, they have been allocated on a basis consistent with the use of the resources.
Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the yearend are noted as a commitment, but not accrued as expenditure.
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