Trustees’ Annual Report for the period
From 1 April 2023 Period start date To _31 March 2024 Period end date Charity name: JESUS THE CHOSEN GENERATION GLOBAL MINISTRY Charity registration number: 1201629
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | To advance the Christian faith and preach the Gospel in accordance to the teachings of the Holy Bible/Scriptures by facilitating contact between persons interested in Christianity and fellowshipping with them to disseminate knowledge and information relating to Christianity through prayer meetings, street evangelisms, giving of Gospel tracts and literatures, Christian conferences and holding public gatherings of celebrations of Christian activities for the promotion of faith, hope and love of God and of one another. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
Spreading the message of Jesus Christ through church services by facilitating worship gatherings that include prayer, music, and sermons; organizing prayer groups and intercessory prayer initiatives; preaching, teaching, and personal evangelism; conduct of discipleship trainings, water baptisms, fellowship gatherings; carrying out bible studies by offering group or individual studies to help people learn about Scripture. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | Trustees receive regular guidance on policies, available support, and direction issued by the Charity Commission that relate to the promotion of public’s interest and welfare. |
Additional information (optional) You may choose to include further statements where relevant about:
| SORP reference | ||
|---|---|---|
| Policy on grant making | Para 1.38 | |
| Policy on social investment including program related investment |
Para 1.38 |
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| Contribution made by volunteers |
Para 1.38 | |
|---|---|---|
| Other |
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | • From the original members of five (5), the Ministry (organization) has grown to fifty (50) regular members up until end of 2024. • Bible studies are conducted every week (Wednesdays) or a total of 52 bible studies done with a regular of 15. • Discipleship trainings are conducted on a weekly (Thursdays), 52 trainings in total with a total of 24 trainees. • A total of 24 new members have undergone water baptism for the past calendar year. • The Ministry had reached out to around 50 individuals evangelized to Christian teachings. • Prayer meetings have been carried out every Tuesday or a total of 52 meetings in a year. |
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | |
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| Review of the charity’s financial position at the end of the period |
Para 1.21 | See attached Statement of Financial Position |
|---|---|---|
| Statement explaining the policy for holding reserves |
Para 1.22 | N.A. |
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| stating why they are held | ||
|---|---|---|
| Amount of reserves held | Para 1.22 | N.A. |
| Reasons for holding zero reserves |
Para 1.22 | Detailed discussion on this is yet to be done. |
| Details of fund materially in deficit |
Para 1.24 | N.A. |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | N.A. |
Additional information (optional) You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | Tithes and offerings as of the moment. |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facingthe charity |
Para 1.46 | |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Constitution adopted on 18 Jan 2023 as amended on 15 Dec 2023 |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | CIO-Foundation |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Selection methods and processes: 1. Assessment of skills and expertise; 2. Creation of a pool of candidates by soliciting recommendations from current board members, staff, or stakeholders for suggestions; 3. Evaluation of candidates by conducting interviews and checking of qualifications (review oftheir background, professional experience, and specific skills) and review of values like confirming one’s commitment to Christian faith and alignment with the organization’s beliefs; 4. Nomination and election following the organization’s rules; 5. Presentation of candidates to the Board for approval; and 6. Onboarding by conducting orientation, |
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mentoring, and necessary training. Key Considerations Faith Alignment : Ensure the candidate’s faith and values align with the organization’s beliefs. Long-Term Impact : Individuals to bring lasting value and are willing to commit for the full term. Bylaws Compliance : Follow any specific procedures outlined in the organization’s governing documents.
Additional information (optional)
You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction and training of trustees Para 1.51 The charity’s organisational structure and any wider network with which the charity works Para 1.51 Relationship with any related parties Para 1.51 Other
Reference and Administrative details
Charity name JESUS THE CHOSEN GENERATION GLOBAL MINISTRY Other name the charity uses N.A. Registered charity number 1201629 Charity’s principal address 167a Cheviot Gardens London NW2 1PY
4
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 |
Trustee name | Office (if any) | Dates acted if not for whole **year ** |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Leon Descargar | 5 Nov 2023 | Board of Trustees(BOT) | ||
| Victor Barrett | 5 Nov 2023 | |||
| Susan Montero | 5 Nov 2023 | |||
| Cecilia Portugalite | 5 Nov 2023 | |||
| Dominador Miranda | 5 Nov 2023 | |||
| Nothing Follows |
– Corporate trustees names of the directors at the date the report was approved Director name NA
Name of trustees holding title to property belonging to the charity
| Trustee name | **Dates acted if not for whole year ** | |
|---|---|---|
| Leon Descargar | 18 Jan 2023 to date | |
| No one follows | ||
| Funds held as custodian trustees on behalf of others | ||
| Description of the assets held in this capacity |
Musical instruments (guitars, drums, lecterns, projector, microphones and other accessories) |
|
| Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects |
Leon N. Descargar as Chair of the Board of Trustees serves as the custodian of the Ministry’s properties/assets. |
|
| Details of arrangements for safe custody and segregation of such assets from the charity’s own assets |
Musical instruments (guitars, drums, lecterns, projector, microphones and other accessories) are stored in Mr.Descargar’s place. |
Additional information (optional)
Names and addresses of advisers (Optional information)
| Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) |
|---|---|---|
| Type of adviser Name Address |
||
| Technical adviser |
Rizal G. Buendia, PhD. |
33 Lawrence Hill Ave., Newport NP19 9BQ Wales, UK |
| No one follows |
Name of chief executive or names of senior staff members (Optional information)
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Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
| Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date |
N.A. | |
|---|---|---|
Leon N. Descargar Jr. |
N.A | |
Chair of the Board of Trustees |
||
| 26 Jan 2025 | ||
| 26 Jan 2025 |
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JESUS THE CHOSEN GENERATION GLOBAL MINISTRY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDING MARCH 31, 2024
RECEIPTS
| RECEIPTS | |
|---|---|
| Tithes and Offerings EXPENSES Hall Rental Food and Beverages Depreciation Transportation Kitchen Supplies Graduation Gowns & Accessories Love Gift Stationery and Printing Miscellaneous CHANGES IN NET ASSETS NET ASSETS AT BEGINNING OF YEAR NET ASSETS AT END OF YEAR |
17,527 |
| 7,950 1,028 621 500 494 444 200 96 388 |
|
| 11,721 | |
| 5,806 | |
| 1,993 | |
| 7,799 |
STATEMENT OF FINANCIAL POSITION MARCH 31, 2024
| ASSETS | |
|---|---|
| Cash | 8,225 |
| Musical Instruments & Equipment | 2,733 |
| TOTAL ASSETS | 10,958 |
| LIABILITIES AND NET ASSETS | |
| Liabilities | |
| Accounts Payable | 2,019 |
| Accrued Expenses | 1,140 |
| Total Liabilities | 3,159 |
| Net Assets | |
| Unrestricted Funds | 7,799 |
| TOTAL LIABILITIES AND NET ASSETS | 10,958 |
NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDING MARCH 31, 2024
CASH
The Eight Thousand Two Hundred Twenty-Five Pounds (£8,225.00) reported on the Statement of Financial Position is the actual cash fund balance on hand as of March 31, 2024.
MUSICAL INSTRUMENTS AND EQUIPMENT
These are composed of Keyboard, Drums, Speakers, Microphones, Monitors, Cables and Connectors being used every Sunday service. A total cost is Three Thousand Three Hundred Fifty-Four Pounds (£3,354.00), less depreciation of Six Hundred Twenty-One Pounds (£621.00), left with net book value of Two Thousand Seven Hundred Thirty-three Pounds (£2,733.00)
ACCOUNTS PAYABLE
This is the amount payable to Pastor/Bishop Leon Descargar Jr. (Chair of the Board of Trustees) for the musical instruments and equipment he bought for the church to use. The amount payable will be paid in installment.
ACCRUED EXPENSES
This represents rental for March 2024 paid to Claremont Free Church in April 2024.
UNRESTICTED FUNDS
The financial Statements being reported has a beginning net asset of One Thousand Nine Hundred Ninety-Three Pounds (£1,993.00). It is the net cash generated by the Ministry from the Sunday Fellowship and activities conducted few months before it was registered with the Charity Commission on 18[th] January 2023, up to March 31, 2023. Added to the amount is the net operating results during the year of Five Thousand Eight Hundred Six Pounds (£5,806.00), hence, the balance at the end of the period is Seven Thousand Seven Hundred Ninety Nine Pounds (£7,799.00).
RECEIPTS
This is the accumulated collections received every Sunday service from the members of the church who faithfully give their tithes and offerings. The ministry currently has an average of forty attendees every Sunday.
EXPENSES
Rental cost where the Sunday service is being conducted is the major expense of the Ministry. The hourly rental rate is Thirty Pounds (£30.00), and average monthly spending is nearly Seven Hundred Pounds (£700.00) a month.
FOOD AND BEVERAGES
These are the costs incurred for the food and drinks being shared after the fellowship, average amount spent a month is Eighty Pounds (£80.00).
DEPRECIATION
The life of the musical instruments and equipment is estimated to be five years, and being depreciated using the straight-line method.
TRANSPORTATION
This is the cost incurred for the vehicle hired in August when the ministry conducted its Baptism ceremony.
KITCHEN SUPPLIES
Cost of the kitchen wares, cups, plates, cutleries, etc. incurred during the year.
GRADUATION GOWNS AND ACCESSORIES
The Ministry shouldered the cost of the gowns, hats, and accessories used by the members who graduated in their Discipleship training course.
LOVE GIFT
The amount of Two Hundred Pounds (£200.00) was given as “love gift” to Philippines.
STATIONERY AND PRINTING
Costs of pens, notebooks, papers, printing and photocopying.
MISCELLANEOUS
Mainly costs of giveaways at the Christmas party, batteries, and other expenses.
JESUS THE CHOSEN GENERATION GLOBAL MINISTRY
No (if any)
Receipts and payments accounts
Period start date Period end date For the period To from APRIL 1, 2023 MARCH 31,2024
CC16a
Section A Receipts and payments
Unrestricted Restricted Endowment Total funds Last year funds funds funds to the nearest to the nearest £ to the nearest to the nearest £ to the nearest £ £ £
A1 Receipts
TITHES AND OFFERINGS 17,527 - - - - - - - Sub total (Gross income for AR) 17,527
17,527 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 17,527 -
A2 Asset and investment sales, (see table).
-
- Sub total - Total receipts 17,527 - - 17,527 -
A3 Payments
| A3 Payments | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| HALL RENTAL | 7,950 | - | - | 7,950 | - | ||||
| FOOD AND BEVERAGES | 1,028 | - | - | 1,028 | - | ||||
| DEPRECIATION | 621 | - | - | 621 | - | ||||
| TRANSPORTATION | 500 | - | - | 500 | - | ||||
| KITCHEN SUPPLIES | 494 | - | - | 494 | - | ||||
| GRADUATION GOWNS & ACCY | 444 | - | - | 444 | - | ||||
| LOVE GIFT | 200 | - | - | 200 | - | ||||
| STATIONERY AND PRINTING | 96 | - | - | 96 | - | ||||
| MISCELLANEOUS | 388 | - | - | 388 | - | ||||
| Sub total | 11,721 | - | - | 11,721 | - |
| A4 Asset and investment purchases, (see table) |
- - - |
- - - |
- - - |
|||
|---|---|---|---|---|---|---|
| - | - | - | - | |||
| - | - | - | - | |||
| Sub total | - | - | - | - | - |
| Total payments | 11,721 | - | - | 11,721 | - | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Net of receipts/(payments) | 5,806 | - | - | 5,806 | - | |||||
| A5 | Transfers between funds | |||||||||
| - | - | - | - | - | ||||||
| A6 | Cash funds last year end | 1,993 | - | - | 1,993 | - | ||||
| Cash funds this year end | 7,799 | - | - | 7,799 | - |
Section B Statement of assets and liabilities at the end of the period Unrestricted Restricted Endowment funds funds funds Categories Details to nearest £ to nearest £ to nearest £ B1 Cash funds CASH 8,225 - - - - - - Total cash funds 8,225 - - (agree balances with receipts and payments Agreement account(s)) Error OK OK Unrestricted Restricted Endowment funds funds funds Details to nearest £ to nearest £ to nearest £ B2 Other monetary assets - - - - - - - -
-
B3 Investment assets
B4 Assets retained for the charity’s own use
Fund to which Current value Cost (optional) Details asset belongs (optional) - - - - - - - - - - Fund to which Current value Cost (optional) Details asset belongs (optional) MUSICAL INSTRUMENTS & EQUIPMENT 2,773 - - - - - - - - - - - - - - - -
B5 Liabilities
Signed by one or two trustees on behalf of all the trustees
Fund to which Amount due When due Details liability relates (optional) (optional) ACCOUNTS PAYABLE 2,019 ACCRUED EXPENSES 1,140 - - -
Date of Signature Print Name approval 26-Jan-25 Leon N. Descargar Jr.