Trust property held in connection with North East London Gospel Mission (known as Chorley Community Church)
Report and Accounts Year ended 31 December 2021
1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk
TRUST PROPERTY HELD IN CONNECTION WITH NORTH EAST LONDON GOSPEL MISSION
LEGAL AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 DECEMBER 2021
ADDRESS FOR CORRESPONDENCE 9 King Henry's Walk London N1 4NX
GOVERNING DOCUMENT
Declaration of Trust dated 29 September 1936
CHARITY REGISTRATION NUMBER 264570
TRUSTEES RESPONSIBLE FOR Roger Penny MANAGING THE CHARITY Peter Dublin Joe Rodriguez Duriye Beidas
CUSTODIAN TRUSTEES
Roger Gadsden John Hayden Peter Dublin
BANKERS
Barclays Bank plc Virgin Money
INDEPENDENT EXAMINER
Lisa Darby Stewardship 1 Lamb's Passage LONDON EC1Y 8AB
INDEX
Page 1 Legal and Administrative Details Pages 2-3 Trustees' Report Page 4 Independent Examiner's Report Page 5 Receipts and Payments Account Page 6 Statement of Assets & Liabilities Pages 7-8 Notes to the Accounts
Page 1
TRUST PROPERTY HELD IN CONNECTION WITH NORTH EAST LONDON GOSPEL MISSION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2021
The Trustees have pleasure in submitting the Report and Accounts for the year ended 31 December 2021.
Objects of the charity
The charity, which is a church, is governed by a trust deed and is constituted as a trust. The charity's principal objects, as set out in its governing document, are to demonstrate the Christian faith in action by the spreading of the gospel among the inhabitants of north east London and the vicinity, especially among the poor.
Summary of the charity's main activities and achievements
To further the above objects and vision, the charity's main activities and achievements were as follows:
The trustees note that the Church is not a building, but a gathering of ordinary people of different ages and backgrounds, whose lives have been changed by Jesus Christ, the Son of God. The New Testament reveals the Church as a community of people, properly taught and cared for, who by loving and serving Jesus Christ, were also committed to love and care for each other and to bring a blessing to the area in which they lived.
The North East London Gospel Mission, its trustees, elders and members are committed to the restoration of those New Testament principles. It is not alone in this, it is one of many Churches in the area, country and all over the world that is re-discovering the excitement of knowing Jesus Christ. The vision is to see the people of north east London come into this experience of knowing Jesus as their Lord, Saviour and friend.
To further the above objects and vision, the charity's main activities and achievements were as follows:
a) held a church service every Sunday. They are advertised in our monthly Newsletter. These are open to the community and we have a portable ramp to facilitate wheelchair users.
- b) held regular bible study and prayer meetings. These are held once a week for each meeting, and again open to the community.
c) We recommenced Wise Owls over 50s club with a new worker, paid for by the City Bridge Trust.
d) We ran a youth club on Tuesdays with same worker, Youth Leader paid one day by church, and one day by grant, and two temporary workers ( were also paid by grant) and volunteers.
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e) Since Covid, outreach has mainly been with book table and we also host an AA meeting on Friday evenings.
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f) We were a pivotal part of a food kitchen/food bank initiative throughout the Covid season.
g) As Covid-19 has devastated communities around the world, we have continued our partnership with the team at Link to Hope who have been working even harder to provide humanitarian aid and improve access to education and social care throughout Romania, Bulgaria, Moldova and Ukraine. Even though Covid restrictions were in place we were able to send many shoeboxes again.
Most of the charity's activities are undertaken by volunteers and the charity could not operate effectively without their efforts.
In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.
Financial review
During the year income increased by £34,175, to £76,054, and expenditure increased by £17,697, to £61,355. As a result the cash held by the charity increased by £14,699, to £43,033, of which £26,326 is unrestricted and can be used for any charitable purpose.
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Reserves policy
The trustees have determined that the charity should aim to hold unrestricted cash of no less than £13,500 (which equates to about 9 months' of unrestricted expenditure) so that the charity could continue to operate should income and / or expenditure vary adversely. At the year end, the charity held unrestricted cash of £26,326 and the charity is complying with its reserves policy.
Impact of Covid-19
Covid restrictions fortunately were able to be coped with, and although the elderly people kept away, a nucleus of people attended faithfully our activities. We were able to be of support to those in need.
As the church was shut for a number of months due to compliance with Government guidelines, there was lower income through the weekly offerings. However, some giving is done through the direct banking system and, in effect, the income of the charity has been slightly dented as would be expected in this season of Covid-19. On balance, the utilities bills for gas and electric for the period of non-use/closure of the church have been far less which has been helpful.
The trustees are confident that the church can continue for the foreseeable future as reserves are still in place and our finances are healthy. Regular information was sent to all Trustees and Committee during the lockdown, and going forward, as was the case beforehand, so that our finances are carefully monitored, and the leaders alerted to any problems that may occur.
Governance
Responsibility for setting policy and for determining the parameters within which the charity should operate rests with the trustees who meet regularly to monitor the activities of the charity. A leadership team, which includes individuals who are not trustees, determine the spiritual direction of the church and oversee the charity's day to day activities. New trustees are recruited and appointed by the existing trustees, by a majority vote.
Responsibilities of trustees
Charity law requires us as Trustees to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year.
We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011.
We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.
Approval
This report was approved by the trustees and signed on their behalf by:
Roger Penny
____ Roger Penny
Date: 23 October 2022
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INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF
TRUST PROPERTY HELD IN CONNECTION WITH NORTH EAST LONDON GOSPEL MISSION
I report to the trustees on my examination of the accounts of the Trust property held in connection with North East London Gospel Mission ('the charity') for the year ended 31 December 2021 on pages 5 to 8 following.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in accordance with section 130 of the 2011 Act; or
- the accounts do not accord with the accounting records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Lisa Darby
Lisa Darby
Stewardship 1 Lamb's Passage LONDON EC1Y 8AB
Date: 24 October 2022
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TRUST PROPERTY HELD IN CONNECTION WITH NORTH EAST LONDON GOSPEL MISSION
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2021
| Notes Income receipts Donations Gift aid receipts Grants Interest received Other Total receipts Payments 2 Total payments Transfers between funds 4 Net movement in funds Cash funds as at last year end Cash funds at this year end A Net of receipts / (payments) before transfers Payments in relation to charitable activities undertaken directly |
General Funds £ 14,970 1,819 - - 545 17,334 16,872 16,872 462 0 462 25,864 26,326 |
Restricted Funds £ 14,069 2,729 41,922 - - 58,720 44,482 44,482 14,237 - 14,237 2,470 16,707 |
Total 2021 £ 29,039 4,548 41,922 - 545 76,054 61,355 61,355 14,699 - 14,699 28,334 43,033 |
Total 2020 £ 39,370 2,252 - 107 150 41,879 43,658 43,658 (1,779) - (1,779) 30,112 28,334 |
|---|---|---|---|---|
The notes on pages 7-8 form part of these accounts.
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TRUST PROPERTY HELD IN CONNECTION WITH NORTH EAST LONDON GOSPEL MISSION
STATEMENT OF ASSETS AND LIABILITIES
FOR THE YEAR ENDED 31 DECEMBER 2021
| A Cash funds Cash at bank with immediate access Notice deposits Petty cash B Other monetary assets Gift aid due to charity HMRC Overpayment C Liabilities Falling due within one year: Pension HMRC PAYE Salary underpayment Fee for Independent Examination |
General funds £ 4,133 21,946 247 26,326 835 - 835 - - - 1,020 1,020 |
Restricted funds £ 16,707 - - 16,707 1,514 122 1,636 64 152 217 - 432 |
Total 2021 £ 20,840 21,946 247 43,033 2,349 122 2,471 64 152 217 1,020 1,452 |
Total 2020 £ 6,386 21,946 2 28,334 2,834 - 2,834 - - - 960 960 |
|---|---|---|---|---|
| ets retained for charity's own use Freehold building Equipment |
Value 2021 £ 1,620,414 75,382 1,695,796 |
|---|---|
D Assets retained for charity's own use
The trustees have used insurance values as the trustees are unable to reliably estimate current values; insurance values may differ materially from current values.
The accounts were approved by the trustees and signed on their behalf
by Roger Penny date -------------------------------------------23 October 2022 Roger Penny
The notes on pages 7-8 form part of these accounts.
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TRUST PROPERTY HELD IN CONNECTION WITH NORTH EAST LONDON GOSPEL MISSION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2021
1 Accounting policies
The accounts have been prepared on a receipts and payments basis and comprise a statement that shows the charity's receipts and payments, a statement that summarises the charity's assets and liabilities and related notes. The accountancy profession have determined that only accounts prepared in accordance with applicable accounting standards present a 'true and fair' view and, as these receipts and payments accounts have not (and cannot) be prepared in accordance with accounting standards, these accounts do not present (and are not intended to present) a 'true and fair' view of the charity's financial activities and state of affairs.
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. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.
| 2 Payments in relation to charitable activities undertaken directly General ministry (incl. speaker exps) Employment Costs Youth ministry (incl youth workers) Building repairs and equipment Greener Energy Project Shoebox expenses Food kitchen / foodbank initiative Utilities including telephone Insurance Printing, postage and materials General repairs and maintenance Refreshments Governance Miscellaneous |
General funds £ 5,356 - - - - - - 4,081 1,636 959 2,042 564 960 1,274 16,872 |
Restricted Funds £ - 7,602 10,856 793 20,523 3,973 735 - - - - - - - 44,482 |
Total 2021 £ 5,356 7,602 10,856 793 20,523 3,973 735 4,081 1,636 959 2,042 564 960 1,274 61,355 |
Total 2020 £ 5,736 16,817 5,150 - 3,922 1,985 5,200 1,545 1,177 131 415 960 620 43,658 |
|---|---|---|---|---|
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TRUST PROPERTY HELD IN CONNECTION WITH NORTH EAST LONDON GOSPEL MISSION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2021
3 Transactions with related parties
Except for the reimbursement of expenses, no amounts were paid to any trustee or to any person or business connected to them. However one of the trustees was provided with rent-free accommodation in respect of his ministry to the church, not for serving as a trustee.
| 4 Movement of funds General funds Restricted funds Building Fund Greener Energy Project Youth Work Fund Youth Lighthouse City Bridge Shoebox Fund Wise Owls Worker Support Food kitchen/food bank initiative Total funds |
Balance at 31Dec2020 £ 25,864 25,864 1,351 - - 34 1,084 - 2,470 28,334 |
Receipts £ 17,334 17,334 4,234 23,003 7,819 9,650 4,790 3,801 - 4,479 944 58,720 76,054 |
Payments £ (16,872) (16,872) (793) 20,523 - (5,018) (7,752) (4,845) (3,973) (452) (391) (735) (44,482) (61,355) |
Transfers £ - - - - - - - - - - - - - |
Balance at 31Dec2021 £ 26,326 26,326 4,792 2,479 2,801 1,898 (55) (137) 632 4,088 209 16,707 43,033 |
|---|---|---|---|---|---|
The Building Fund represents donations received to help fund repairs and improvements to charity property.
The Youth Work Fund represents donations received to help fund the charity's youth work.
The Shoebox Fund relates to funds donated for the purpose of the annual Shoebox Appeal. The negative balance will be either funded from donations received in 2022 or a transfer from the General Fund.
The Wise Owls funds relates to the over 50's club activities.
The Food kitchen/Foodbank initiative was a fund set up during the Covid period to support the disadvantaged
The Greener Energy Project Fund relates to the purchase and installation of solar panel system funded by a grant from Islington Borough Council.
The Worker Support Fund is for the pay, training and ministry/support of D Erni who works with the Wise Owls and the Youth.
The Youth Lighthouse Fund is funded by the national lottery for work amongst young people.
The City Bridge Fund is funded by the Cith of London and relates to the pay of D Erni for her work with Wise Owls. The negative balance is due to the next Grant for this fund being received in January 2022.
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