## ADML CHURCH ## FINANCIAL STATEMENTS ## FOR THE YEAR ENDED 31[st] MARCH 2024 CHARITY NUMBER 1202620 ## ADML CHURCH 5 ROSENTHAL ROAD CATFORD, LONDON SE6 2BX ## **INDEX** **LEGAL & ADMINISTRATIVE DETAILS ................................................................... 3 TRUSTEE’S REPORT............................................................................................ 6 INDEPENDENT EXAMINER’S REPORT ................................................................. 9 STATEMENT OF FINANCIAL ACTIVITIES ............................................................... 4 BALANCE SHEET ................................................................................................ 5 NOTES TO THE ACCOUNTS ............................................................................... 11** ## TRUSTEES & ADMINISTRATIVE DETAILS YEAR ENDED 31[ST] MARCH 2024 ## **CHARITY NAME** ADML CHURCH ## **CHARITY NUMBER** 1202620 ## **CHARITY ADDRESS** 5 ROSENTHAL ROAD CATFORD, LONDON SE6 2BX ## **GOVERNING DOCUMENT** CIO-FOUNDATION CONSTITUTION Registered 4 APRIL 2023 ## **TRUSTEES DURING THE YEAR** Joao Amaro da Silva Pastor Wesney Luiz Gaioni Douglas Bento Oliveira Monica Oliveira Neto Silva ## **INDEPENDENT EXAMINER** Fabio Rodrigues BSc(Hons), MSc VERBO Consulting Ltd 122 Fairbank House 13 Beaufort Square London NW9 4FJ ## **PRINCIPALS BANKERS** HSBC Bank Plc 149 Rushey Grn London SE6 4BQ Lloyds Bank Plc 120 Lewisham High St London SE13 6JG 3 ## ADML CHURCH ## STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31[st] MARCH 2024 |**Income**
**Donations**
**Total Income**
**Total**
**Expenditures**
**Bank Charges**
**Business Rate**
**Refreshments**
**Equipment**
**Groceries**
**Legal and Professional Fees**
**Professional Services (1)**
**Rent or Lease of Buildings**
**Transaction Fees**
**Travel**
**Utilities**
**Total Expenditures**
**Net Operating Income**
**Net Income/(Expenditure)**|**Total**| |---|---| ||50,535.24| ||**£**
**50,535.24**| ||**£**
**50,535.24**
30.72
1,884.00
259.03
4,834.02
1,935.31
400.00
15,430.86
20,368.00
6.08
479.75
1,448.07| ||**£**
**47,075.84**| ||**£**
**3,459.40**| ||**£**
**3,459.40**| 4 ## ADML CHURCH ## BALANCE SHEET AS OF 31[st] MARCH 2024 |**Fixed Asset**
**Total Fixed Asset**
**Cash at bank and in hand**
**HSBC CURRENT**
**LLOYDS CURRENT**
**Total Cash at bank and in hand**
**Current Assets**
**Stock Asset**
**Total Current Assets**
**Net current assets**
**Net current assets (liabilities)**
**Total assets less current liabilities**
**Total net assets (liabilities)**
**Charity funds**
**Opening Balance Equity**
**Retained Earnings**
**Surplus/(Deficit)**
**Total Charity funds**|**Total**| |---|---| ||2,664.93
664.71| ||**£**
**3,329.64**
49.76| ||**£**
**49.76**| ||**£**
**3,379.40**| ||**£**
**3,379.40**| ||**£**
**3,379.40**| ||**£**
**3,379.40**
-80.00
3,459.40| ||**£**
**3,379.40**| 5 ADML CHURCH # TRUSTEE’S ANNUAL REPORT (TAR) FOR THE YEAR ENDED 31[ST] MARCH 2024 ## **1. INTRODUCTION AND CHARITY DETAILS** Charity Name: ADML Church Charity Registration Number: 1202620. Charity Registered Address: 5 Rosenthal Road Catford, London SE6 2BX The trustees of the charity are: Joao Amaro da Silva (Chair) Pastor Wesney Luiz Gaioni (Secretary) Douglas Bento Oliveira (Treasurer) Monica Oliviera Neto Silva ## **2. STRUCTURE, GOVERNANCE AND MANAGEMENT** The charity is governed by a CIO – Foundation Constitution registered on 4 April 2023. 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. ## **3. OBJECTIVES AND ACTIVITIES** The object of the organisation is to advance the Christian faith for the benefit of the public throughout London in accordance with the declaration of faith by providing facilities for Christian worship, prayer, religious education, celebrating religious festivals, conducting religious ceremonies, missionary work, outreach and pastoral care in the community. ## **4. PUBLIC BENEFIT STATEMENT** In line with the Charity Commission guidance, the trustees confirm that our activities provide a clear public benefit. The organisation held successful services throughout the year in which individuals were equipped and educated on the 6 principles and doctrines of the Christian faith. The church also held several conferences to assist the spiritual development of the people in the community. ## **5. FINANCIAL REVIEW** The income over the year was over £50,000 (fifty thousand), which was well managed by the trustees without any debit. The church used a large amount of this income to pay the rent and business rates of the property used as a Place of Worship. ## **6. FUTURE PLANS & OBJECTIVES** The charity is being registered with HM Revenue and Customs (HMRC) to get tax back on Gift Aid donations so we can increase our fundraising efforts to raise additional funds. The organisation is looking to start saving to purchase its premises in the future. They also plan to support more families in need and plan to continue to host its regular services and conferences in the coming year. ## **7. 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 achieve this level throughout the next financial years. ## **8. GOVERNANCE & RISK MANAGEMENT** The charity has assessed all the major risks to which the charity is exposed, in particular those related to operations and finances of the charity, and is satisfied that systems are in place to mitigate exposure to major risks. - Financial Risks – the charity is looking for different fundraising options so we can mitigate financial risks. - Operational Risks – to be managed by staff training & policies. - Safeguarding Risks – to be monitored through DBS checks & policies. 7 ## **9. STATEMENT OF TRUSTEES’ 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. The trustees confirm that they have: - Ensured proper financial records are maintained. - Complied with Charity Commission requirements. - Reviewed risks and internal controls regularly. Approved by the Trustees on 31[st] January 2025 and signed on their behalf by: Joao Amaro da Silva Chair Douglas Bento Oliveira Treasurer 8 ## INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES ## **ADML CHURCH** I report on the accounts of the church for the year ended 31[st] March 2024 set out on the following pages, which have been prepared based on the accounting policies shown in the corresponding pages. ## **RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER** The trustees of the church are responsible for the preparation of accounts. They consider that the audit requirement under section 144(2) of the Charities Act 2011 (the 2011 Act) does not apply. It is my responsibility to: - Examine the accounts under section 145 of the 2011 Act. - Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 145(5)(b) of the 2011 Act. - State whether particular matters have come to my attention. ## **BASIS OF INDEPENDENT EXAMINER’S REPORT** My examination was carried out following the General directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the church 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, I do not express an audit opinion on the view given by the accounts. ## **INDEPENDENT EXAMINER’S STATEMENT** In the course of my examination, no matter has come to my attention. 1. Which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that: - a. proper accounting records are kept per section 130 of the 2011 Act. - b. Accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 2011 Act. Or 9 2. To which, in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached. FABIO RODRIGUES BSc(Hons), MSc VERBO CONSULTING LTD 122 Fairbank House 13 Beaufort Square London NW9 4FJ 10 ADML CHURCH ## NOTES TO THE ACCOUNTS ## FOR THE YEAR ENDED 31[ST] MARCH 2024 ## **ACCOUNTING POLICIES** These accounts have been prepared under the historic cost convention with items recognised at cost or transaction values otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared following the Statement of Recommended Practice: Accounting and Reporting by Charities Preparing their accounts following the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014. 1. **Going Concern:** The accounts are prepared on a going concern basis. 2. The accounts present a true and fair view and no change have been made to the accounting policies adopted. 3. No changes to the accounting estimates have occurred in the reporting period. 4. No material prior-year errors have been identified in the reporting period. ## **RECOGNITION OF INCOME** These are included in the Statement of Financial Activities (SOFA) when: 1. The charity becomes entitled to resources. 2. It is more likely than not that the trustees will receive the resources. 3. The monetary value can be measured with sufficient reliability. ## **GRANTS AND DONATIONS** Grants and Donations are only included in the SOFA when the general income recognition criteria are met (5.10 to 512 FRS102 SORP). ## **TAX RECLAIM ON DONATIONS AND GIFTS** Gift Aid receivable is included in the income when there is a valid declaration from the donor. Any gift aid amount recovered on a donation is considered to be part of that gift and is treated in addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. 11 However, it is worth noting that as of 31 March 2024, the charity was not yet registered with HMR&C and consequently had not received any amount as gift aid on donations and gifts. ## **EXPENDITURE AND LIABILITIES** ## _Liability Recognition_ Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. ## _Grants and Support Costs_ Support costs have been allocated between the governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. ## _Creditors_ The charity has no creditors. ## **ASSETS** ## _Tangible Fixed Assets for use by the charity_ They are capitalised if they can be used for more than one year. They are valued at cost. The depreciation is calculated at 20%, reducing the balance method. ## _Debtors_ The charity has no debtors. ## **TRUSTEE REMUNERATION** - (1) Trustee Joao Amaro da Silva received £3,275.00 for services rendered to the charity as a Pastor. 12