TODAH CITY CHURCH
TRUSTEE’S ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024
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TODAH CITY CHURCH
| Page | |
|---|---|
| Corporate Information | 3 |
| Board of Trustee’s Report | 4 |
| Independent Examiner’s Report | 8 |
| Statement of Financial Activities | 9 |
| Statement of Financial Position | 10 |
| Accounting Policies | 11 |
| Notes | 12 |
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Corporate Information
| Registered Charity Number: | 1200809 |
|---|---|
| Principal Office: | 213 Farren Road |
| Coventry | |
| CV2 5EE | |
| Parish Pastor: | |
| Board of Trustees: | Rev Ayayi Selom Ajavon |
| Rebecca Ngo Yanga | |
| Anoma Maria N’Guessan | |
| Nida Charlene Balo | |
| Bankers: | Barclays Bank Plc |
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Board of Trustee’s Report
1.0 Introduction
The Board of Trustees present their report and accounts for the year ended 30th September 2024. The Trustees confirm that the annual report and financial statements of the charity comply with the current statutory 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.
1.1 Public Benefit Statement
The Trustees confirm that they have complied with the duty in section 4 of the Charites Act 2011 to have due regard to the Charity Commission’s guidance on public benefit "Charites and Public Benefit".
1.2 Structure, Governance and Management
1.2.1 Governing Document
The charity is a charity incorporation organisation (CIO) and governed by its constitution dated 25 October 2022.
1.2.2 Trustee Appointments
Trustees are appointed under the terms of the deed.
1.2.3 Induction and Training Policies
The induction process for a newly appointed trustee comprises an initial meeting with the Chair and other Trustees, followed by short meetings with the Parish pastor on the powers and responsibilities of the Trustees.
1.2.4 Organisational Structure and Decision Making
The charity is organised so that the Trustees meet regularly to manage its affairs. The senior pastor manages the day to day administration of the church.
1.2.5 Related Party Relationships
Todah City Church partners which other charities to deliver its objectives.
1.2.6 Risk Management
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to operations and finances of the charity and are satisfied the systems are in place to mitigate our exposures to the major risks.
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Board of Trustee’s Report
2.0 Objectives and Global Outreach
2.1 Objectives and Activities
The charity's objects are specifically restricted to the following: to advance the Christian faith religion in the UK for the benefit of the public in accordance with proclaiming the gospel of Jesus Christ. The activities for achieving its objectives include:
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Provision of Christian fellowship, worship, witness, action and service.
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Holding of prayer meetings, crusade, conferences and lectures.
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Welfare support to members and general public, and
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Producing and or distributing literature on the Christian faith to enlighten and strengthen people's beliefs.
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Participating in economic and community development
2.2 Public Benefits
Apart from its Church activities, the charity was involved in the following public benefit efforts:
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The Charity’s welfare group visits the homeless and basic needs are supplied to them.
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The Charity runs regular visits to Support Centres to provide financial support to help the groups achieve its charitable objectives.
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The Charity also contributes regularly to charities working to develop young people in our community.
Our efforts are geared towards supporting the programmes of our local council, promoting cohesion in our community, and positively impacting the lives of the young people and the elderly.
2.3 Grant Making Policies
The church supports visiting ministers of the gospel both within and outside the United Kingdom. The church supports other charities and missionary that shares its objects in advancement of Christian faith and relief of poverty. The church gives occasional grants to congregational members who are in need.
2.4 Contributions Made by Volunteers
The church is grateful for the unstinting efforts of its volunteers who are involved in providing services for the charity. It is estimated that over 3000 hours are provided by volunteers during the year. If this is conservatively valued at £11.44 per hour, the volunteer’s effort will amount to over £34,300.
2.5 Achievement and Performance
The church continues to enjoy tremendous growth in its physical and spiritual life during the year, and in the advancement of Christian faith in accordance with the doctrines set out in the Statement of Faith as contained in our Trust deed.
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Board of Trustee’s Report
3.0 Financial Reviews
During the period, the charity received £71,382 in total income. Total resources expended was £27,135 thus resulting in a surplus of £44,247. Cash at the end of the period was £94,113.
3.1 Principal Funding Sources
Funding has been provided mainly through tithes and offerings by church members. Pledges are also taken for specific projects.
3.2 Reserves Policy
The Trustees’ policy is to have unrestricted and uncommitted funds (free reserves) to cover 3 to 6 months of resources expended. They feel that this would enable the current activities to continue if there is a significant drop in funding. It would obviously be necessary to then consider how the funding would be replaced or activities changed. The present free reserve is below the policy range, but the Trustees are continuing to seek additional unrestricted funds.
3.3 Investment Policy
The Trustees have decided that at present, funds should be retained in Banks and Building Societies, and as far as possible in interest bearing accounts.
4.0 Future Development
Our charity continues to explore various ways of spreading the gospel of Christ in an effective manner. The charity is always seeking to grow in membership and continue to develop its members to make lifechanging impact in society.
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Board of Trustee’s Report
Trustees’ Responsibilities
The trustees are responsible for preparing the annual report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
Company law requires the 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 net income or expenditure of the charity for the year. In preparing these financial statements the trustees are required to:
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Select suitable accounting policies and then apply them consistently;
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Make judgments and estimates that are reasonable and prudent;
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State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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Prepare the financial statements on the going-concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The appended financial statements have been prepared on the accruals basis and have been examined by an independent examiner, whose report is also appended.
This report was approved by the Board of Trustees on 14 July 2025 and signed on their behalf by:
Full Name: Rev Ayayi Selom Ajavon
Signature:
Position: Chairman
Date: 14 July 2025
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Independent Examiner’s Report
Report to the trustees/members of: Todah City Church On accounts for the year ended: 30th September 2024 Charity No: 1200809
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 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:
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(1) which give 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 Charities Act;
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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.
Signed: Date: 14 July 2025
Name: Tobi Labeodan, for and on behalf of The Accounting Club Ltd
Relevant professional qualification(s) or body (if any): ACCA
Address: Ground Floor, Synium House, r/o 94-96 High Street, Henley in Arden B95 5FY
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Statement of Financial Activities: Year Ended 30th September 2024
| Notes Income: Donations and legacies 1 Other income (Grants) 1 Total Income Total Income Expenditures on: Charitable Activities 2 Other Charitable Activities 2 Other Costs 2 Total Expenditures Net income/(expenditure) Transfers between funds Other recognised gains/(losses): Gains/(losses) on revaluation of fixed assets Gains/(losses) on investment assets Net movement in funds Reconciliation of funds: Total funds brought forward at 1 October 2023 Total funds carried forward at 30 September 2024 |
2024 2024 2024 Unrestricted Funds Restricted Funds Total Funds £ £ £ 63,281 63,281 8,101 - 8,101 71,382 - 71,382 71,382 - 71,382 21,375 - 21,375 2,085 - 2,085 3,675 - 3,675 27,135 - 27,135 44,247 - 44,247 - - 44,247 - 44,247 57,317 - 57,317 101,564 - 101,564 |
2023 2023 2023 |
|---|---|---|
| Unrestricted Funds Restricted Funds Total Funds |
||
| £ £ £ |
||
| 84,442 - 84,442 |
||
| 10,811 - 10,811 |
||
| 95,253 - 95,253 |
||
| 95,253 - 95,253 |
||
| 37,936 - 37,936 |
||
| - - - |
||
| - - - |
||
| 37,936 - 37,936 |
||
| 57,317 - 57,317 |
||
| - | ||
| - | ||
| 57,317 - 57,317 |
||
| - - - |
||
| 57,317 - 57,317 |
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Statement of Financial Position: Year Ended 30th September 2024
| Notes Fixed Asset Tangible assets 3 Total Fixed Asset Current Assets Loans & Advances Accrued Income Cash at bank and in hand Other Debtors Total Current Assets Creditors: amounts falling due within one year Other Creditors Other Current Liabilities Total Creditors: amounts falling due within one year Net current assets (liabilities) Total assets less current liabilities Creditors: amounts falling due after more than one year Bank loans and other finance (long term) Other Non-Current Liabilities Total Creditors: amounts falling due after more than one year Total net assets (liabilities) The funds of the charity: Restricted Reserve General reserves Surplus/(Deficit) for the year Total charity funds |
2024 £ - - 8,101 94,113 - 102,214 650 650 101,564 101,564 - 101,564 57,317 44,247 101,564 |
2023 |
|---|---|---|
| £ | ||
| - | ||
| - | ||
| 57,317 | ||
| - | ||
| 57,317 | ||
| - | ||
| 57,317 | ||
| 57,317 | ||
| - | ||
| 57,317 | ||
| 57,317 | ||
| 57,317 |
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Accounting Policies
Scope and Basis of the Financial Statements
The accounts have been prepared under the historical cost convention and in accordance with applicable accounting standards and the Statement of Recommended Practice Accounting and Reporting by Charities published in March 2005.
Income
Revenue is recognised in the period in which the charity is entitled to receipt once the amount can be measured with reasonable certainty.
Expenses
Expenditure is included in the Statement of Financial Activities (SoFA) on an accruals basis and is recognised at the point when a legal or constructive obligation arises. The majority of costs are directly attributable to specific activities. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Fixed assets
Fixed assets with an individual purchase of £500 or more are capitalised and stated at cost less depreciation which is provided at rates calculated to write off the cost of each asset over its expected useful life as follows:
| Property | 2% |
|---|---|
| Vehicles | 25% |
| Equipment | 20% |
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Notes to the Financial Statements: Year Ended 30th September 2024
| 1. Income Income Donations and legacies Restricted Income Total donations & legacies Other income Gift Aid Receipts Other income Total other income Total Income 2. Expenditures Charitable Activities Premises Utilities Travel Motoring & Transportation Insurance Administration Advertising Operations Finance Charges Depreciation Honorarium Total Charitable Activities Other Charitable Activities Outreach Central Office Welfare & Benevolence Charitable Donations Total Other Charitable Activities Other Costs Professional fees and services Other costs Legal fees Accountancy fees Total Other Costs |
2024 £ 63,281 - 63,281 8,101 8,101 |
2023 £ 84,442 - 84,442 10,811 10,811 95,253 2023 £ 5,024 - - - - 32,912 37,936 - |
|---|---|---|
| 71,382 2024 £ 4,661 711 4,714 3,668 695 390 5,333 203 1,000 21,375 550 627 908 2,085 3,675 - 3,675 |
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| - | ||
| - - - - |
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Notes to the Financial Statements: Year Ended 30th September 2024
3. Related Party Transactions
During the year, the church made donations and contributions to other charitable organisations as shown in note 2 under Charitable Giving.
4. Trustee Remuneration & Expenses
During the year, there were no payments or reimbursement of expenses to trustee members.
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