Charity registration number 264570 CHORLEY COMMUNITY CHURCH (NORTH EAST LONDON GOSPEL MISSION) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
CHORLEY COMMUNITY CHURCH (NORTH EAST LONDON GOSPEL MISSION) LEGAL AND ADMINISTRATIVE INFORMATION Trust••s Mr Joe Rodrlguez Ms Duriye Beidas Mr Rer Penny Mr Pèl8f DubSin Charlty number 264570 Prlnclpal addr•ss 9 'Thg Henrys Walk London N14NX lThdepondent examln•r Affinity Assocpates Limited 11112 Hlmark Tradiro Cenlie Fouth Way Wembley Middle5ex HA9 OLB
CHORLEY COMMUNITY CHURCH (NORTH EAST LONDON GOSPEL MISSION) CONTENTS Poge Trustees report Independant&1erf$ report Sts18menl of financlal acbwlies Balance sheat Nole51o the finanual slalements
CHORLEY COMMUNITY CHURCH (NORTH EAST LONDON GOSPEL MISSION) TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 The Trustees present thew annual report and ffi8nc4al ststements forlhe year ended 31 Decerrl)èr2022. The financial statemnts have been prepared in accordan with thè accounting poIleS $91 out note 1 to Ihe financial slalements arKI comply wdh the Charity's tgovamin9 documenll, the Charitie5 Act 2011 and 'Aceounling and Reporthng by Charib'es.. SlatE.ment ol Recommended Practice app]irN6 lo charitj.es preparing their a)UThts in accoidancewith the Financial Rèporbng Slandard applicalA& in the UK and Repu1¢ ol IreLand IFRS 1021. leffeclive 1 January 20191. Objectlves and acti11e9 The charity, which is a chuith, is govemed by a tnJ51 (ked and is constitutèd as a Injsl. The Ch5 principal objects, as sel out in its g)veming document, are lo ($8monslrale the Christian faith in aclion by tha spr&ding of g)spd arnong the inhabtsnts of east Ldon And the wanty, especially among the poor. Summary of the charltys main actlvltl•s and achlevem•nts To further the above oty'ects and the charity's main activities and athievemenls were as follows.. The trustees note that the Churth is not a bU11n9, bul a 98lhering of oidinary people ol diffewl ages and backgrounds, whose lives have been chang8d by Jesus Christ, Ihe Son ol GCMJ. The New T8slament reveals the Churth as a communlty of pIe. propedy taught and cared for. who by bmng Ing Jesus Christ, were Iso Committed lo love and car@ for gach other and to bring 8 bkssing to Ihe area In whith they Ilved. The North East London &)spel Mission, ils InJste&s, eldars and membets ar8 committed lo th8 rnsloration of those New TÈstarnent princip18s. ll is nol alone in thi5, It is one of many Churches in the area, country all over Ihe worfd that is re-discovering tho excitement of knomng Jesus Chiisl. The vwon is lo see the FeopI8 of TK)rth east London c¢me into this experiencèof knowing Jesus as lhe L(Kd. Saviour and frRnd. To furtherthè above objects and SlOn, the chaTrty's main act83 and athievemenlswere as follows.. 81 held a church servKe every SuThJay. They are advertised In our monthly NeWetter. These are open lo th8 comrnunty and we have portable ramp to facililale wh88lchair users. bl herd regular biL4e S&yand prar meetings. These afe hdd once a week for èach rneeling, and again o tothe community. cl We hokl reguLar retingS everyTuesday calÉd'Wise Owls Club, lorov8r 50$ with a workar, pald lor by the City Bridg8 Trust. dl We also have a youth cb on Tuesdayevenings run by a youth Leaderand several voluntee el We raach oullo our cornmunNy by7$Iting Ihose thatare homebound and in hospital. We also have a bookt8bb with free books for peop to tskè. Q We host an AA meeting on Friday ev8nin9S. gl We are 8 pivotsj partof a food kilthenllood bank initiauve helping the o)mrwnity. h) We havg continued our pathership with the team al Link to Hope who have been working even hard8r to prowde humanltsrian 8id and improve access lo educalon and soixal care throughout Romania. Bulgaria, Moldova and Ukraine. Even t1Ugh there were many wslrictions W8 were aNe lo process and send 508 sho6box8S to these countries. Mosi ol the charity's acbv5be$ are undertaken by volunteers and the charfty Could Dot operate efecbvdy without Iheir effort$. In pTnIng the aetivtbes the Trustees have apPld the gulanCa on pu1¢ benefft issuod byt Charity Cc4nmi$s1t. Flnancial review During th8 ye8r income decraasèd by £16,524, 10 £59.530, and expenditu decf8a58d ty £1,064, 10 £60,290. As a result the cash h8kl by the charity decreased by£1,779 to £42,273, olwhich £24,072 is unresln'cted and rAn be used for any charitaNe PUFPOSe.
CHORLEY COMMUNITY CHURCH (NORTH EAST LONDON GOSPEL MISSION) TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Reserv•s polt¢y is the policy ol the Charty th81 unrestricted fijnds which have rol been de%ynated for a specifiG use should b8 maintsined al a level equivalent lo beeen three six month's expenditure. The Truslees consider that resows al this level M'ill ensure thaL in the event ol a signitunt drop in lundin9, Ihey wll be able lo (J)nlinue Ihe Chaiivs current actiwlieswhile Cond&ratIOn is given lo ways in which 8ddilK)nal fijnds may be raised. This levd Df reserves has been Inainlain$d throughout the yw. Statement of Trnstees responslbllltlÈ$ The Trustees are responsible for preparing Ihe Trust6È5 Report and the finanaal statements in accordancè wrfh appiicable law and united Kingdom AAUnting stalards Iuniled ngdoM Génerdly Aepted Accounting Pr8Gticel. The Low appli¢aNe to charl1$ in England and WaS qireS the Truslees to preparè finanaal sL3tements for eath finanual year whkh give a trué and lair wew ol thè st8t8 01 affairs ol the Charity and ol the incoming resources alld appliob'on of resrCeS of the Charity for that year. In pr8P8ring these financial statements, the Trust6èsar8 r8quired to.. - select suitable accounting policies and then appty them ¢1)nStent.. - obgerve the methods aT prinuples in the Charib&s SORP., - rnekgjudgements and e51imales Ihat are reaSon&b and prudent.. slate whether applicab accounting stsndards have bggn lolbwed. subj8cI to any material departur95 disdos&Y and ewained in the finallual slatemenls., anfl - prepare the ftnancLa5 statements on ts wing concern basis UTh$$ il is inappropriate to presum8 thatthe charitywill continue in operation. Th8 Trustees are respon5iNe for keeping SUffi(ent awouniir,g records that di5dose yth rèason8ble accufacy al any time the financial posib'on ol the Charity and enable them lo ensure Ihal the financial atat8menls comply wilh Ihe Charities Act 2011, th8 Charity (Accounts and Reports) Regulaliws 2008 and the provisions ol the tsusl d8ed. They are also responsible for safeguarding the assets of the Charity and henc8 forlakn'ng aSOnae steps forlhe prevenb.on and defection olfvaud and other irregularities. reportwas approved by th& Board 0fTNleeS. MrJoe k"odTreZ Trustee 18 Ociob•r2023
CHORLEY COMMUNITY CHURCH (NORTH EAST LONDON GOSPEL MISSION) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022 Unr•strlet Restrl¢ted Total Unrestrlct R•strlcted od funds 2021 Total funds 2022 funds 2022 2022 202 2021 Note Ineom fr Donations and18gari8S 23.609 35,921 $9,530 17.334 58,720 76,054 Ex enditure on. Ch3rilab18 Expendiiuie 25.963 34,327 60,290 16,872 44,482 61,354 Total charilable èxpenditure 25,963 34,327 60,290 16,872 44.482 61,354 Net (exp•ndltur•V Income for the y•arl Ntst movement in funds 12,3541 1,594 17601 462 14,238 14,700 Fund balanS at 1 January 2022 26,326 16,707 43,033 25,864 2,470 29,352 Fund balanc8s at 31 Decemb8r 2022 23,972 18,301 42.273 26,326 17,726 44,052 The siatemontolfinancial tltieS rude5 all galns and k)s3es rerogni5ed in theyèar. l income and expendithre derive from continuing actiti&$. The sialement of financ4al athities also complies wth thg requirements lor an Inco and expenditure account undei ts Comparies Act
CHORLEY COMMUNITY CHURCH (NORTH EAST LONDON GOSPEL MISSION) BALANCE SHEET AS Af 31 DECEMBER 2022 2022 2021 Notes Current a55et5 Deblois Cash al bankand in hand 122 42,829 2,472 43,033 42,951 45,505 Cr•dltors: amounts falllng duè within one yoar 16781 11,4531 Neteurrenl assets 42,273 44,052 Incomo funds Restri¢tsd funds Unreslricled funds 18.301 23,972 17.726 26,326 42.273 44,052 The al statomentswere approv by Ihe Trustees on 18 October2023 Mr e Rthyrigue Trustee
CHORLEY COMMUNITY CHURCH (NORTH EAST LONDON GOSPEL MISSION) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Accountlng pollcles Charity informatlon Clk)rfey Community Church (North East London GosFd Missk)nl 19 8 th8rityg0vem by a trust deed and isconstibjted as a tru$l. 1.1 Aceountlng comrentlon The financial stalèm8nls have been prepared in accoroanee wlh the Charity's Igoveming documentl. the Chaithes Act 2011, FRS 102 Yhe Finanual Reporting Standard aP1e in the UK arHI Republic of Ireland. I"FRS 102.1 and the Chaiib'es SORP'AccounliTrg and Reporting by Ch8.85.. Slalemenl ol Recommended pract applicabie to chaiiJes preparing thew accounts in accord8nce with Ihg Financial Reporting Standard appIable in the UK arwj RepubliG of brelar IFRS 1021. loffeckn'vg1 January 20191. The Charty is a Public Benefit Entity as defined by FRS 102. The Charityhastsken advantage 01lhe pro&0$ in Ihe SORP for chariuès not lo prepare a Statement ol Cash Flows. The financial statements h8ve departed from Ihe Chariti85 (Accounts and RerM)rtsl Rul9.05 28 only lo Iha extent required to provide a true and lalrvi8w. This departure has involved following the Slalemenl ol Recommended Practice forcharibès applyiro FRS 102 raIr ihan the version of the Statement of Reccthmended PBctice which is referred to in thè Regulat)n$ but whlch ha$ sinr been wilhdiawn. The finandal slalements are prepared in sterllng. whKh ks the funcbonal currency ollh8 Charity. Monetary amounts In these finanaal stalements are rounded to the nearest £. The financial slalèm9nts have been prepared under Ihe htOrIcal ¢st convèntion. lrnodified to Sncludè fevaluatDn ol freehdd pioperkn'es and to include nveslment propertiès 8nd certain finanual instruments al fair valuel. Th prfncipal accountsrKJ Fdici8S adopted ale sel out below. 1.2 Charltablo UThieskn'cted funds are av8iLible foruse al th6 di%cretion olthe Trus$ in futherance of theircharrta& objfth'ves. Restrcted funds ar8 sublect to specific Condit$ by donors as lo how they may bé used. The purposes and uses of the resth'cted fisnds are set out in the notes lo th8 finarKial statements. Endowment funds ar8 subie¢l to specnlc ndOn5 by dorors that the capltsl must be mwnlained by the Charity- 1.3 Income Income is rewnised when the Charty 1$ legaly enlitted to il after any Performan wndikn'ons have been wfjt, the amwnts can be asured relbty, and il is iyobable that incorfft will be re¥¢d. Cash donab.ons are recognis&J on elpL Otherdonations are r6cogn1s8d once the Charity has beèn notified oflhe donation, un18SS perfomaneè (x>ndith)ns require defertal of the arnounl. Inccrfne tax r0rae in rdabon lo donations roceed under Gift Aid or deeds ol coven8nl is recognised al the lim& olthe donation. L89ac5 ar8 recognised on feceipl or otheTwse il the Charty h85 been nolffied ol an impending distribution. the amount is known, and receipt is expected. Ilthe amount15 not known, th818gacy is Irealed as a contingent asset.
CHORLEY COMMUNITY CHURCH (NORTH EAST LONDON GOSPEL MISSION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Aceountlng pollcles (Contlnued 1A Expondltur• Expenditure 15 recognised once Iheie Is A lryal or c4nslwcbve obligats.on lo transf8r economic benefit to a third party, it is probable thala translerolecoTh)mic ner$Will be required in setuemenl, and th8 arnounl olthe obligation can be m63sured relwbly. Expenditure 15 dassified by activlty. The ¢os15 01 each activity are made up ol the total ol direct costs and shared costs, induding support Costs involved in undertaking each actiyity. Direct costs attritable to a single activity are allocated d1cUY lo thal activity. Shared rA)sts which conlribute to more than one activity and support C0515 which are mt attributable to a fig1• adivity are apporioned beh¥een thosè actlti85 on a basis consislenl the ol re50urcEs. Central staff wsts are allocatl on th8 basis of lime spenL aThJ depreualon chargès ar8 alkted on the portw)n of the assol's us8. 1.5 Cash and eash equlvalents Cash and cash Lyuivalents inclullè cssh in hand, deposits held al call with banks, other 5hort-lerm liquid invesknents with original malurilies ofthree monihs orless. and bankoverdrafts. Bank overdrafts are shown wthln bowryng5 in currentliabilities. Charltabl• activities Charltab10 Charitable ExpenditurExpenditur 2022 2021 staff o)sts Gèn8ral ministy lind. speaker expsl Utilities includiry tslephone Insurance Printing, postsge and mateaL5 General repairs and mainlenan(* Govemancè Miscellaneous Shoebox expenses Refreshments Food kitchen I loodbank initiabve Youth tninistry (incl youth workers) Building paIrS alld equipment Grè8n&r Energy PrO1t 19.120 15,688 3.528 1,551 7,602 5,356 4,081 1,636 959 2,042 720 1,229 347 1,274 3,973 564 735 10,856 793 20,523 10,584 2.578 2.045 60,290 61,354 Analysls by fund Unresliicted funds Restricted funds 25.963 34,327 16,872 44,482 60,2 61,354
CHORLEY COMMUNITY CHURCH (NORTH EAST LONDON GOSPEL MISSION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Tru$lees None olthe Trustees lorany person5 connected with them) received anyremunetalion or benefits from the Charity during the ye¥. Employ••s The average monthty number olperson5 employgd by the tharity tluring the rWa$.. 2022 Numbor 2021 Number D•btors 2022 2021 Amountg lalllny duo within one year: Ottier dèbtors PTepaym8nls and acuued Irome 122 123 2,349 122 2,472 Assets retaln•d for eharltyg own usa 2022 Freehold building Equipment 1,620.414 75,382 The tnjstees hav8 used insurance values as the trusteesare unable lo rel13Y 88b.mate currenlvalues-, inwranco values mgy drftermalerially frcffi cuffanl values. Credltors: amounts falllng duè wlthln ono ar 2022 2021 OthertaXaln and 131 CUrity Oihercreditors Accwalsand deferred 78 216 217 1,020 678 1,453
CHORLEY COMMUNITY CHURCH (NORTH EAST LONDON GOSPEL MISSION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 R•Str1et funds The income funds of the charity include rasld¢ied funds compri&ng the fdlowlng un8xpended balances of doMlion$ 8nd grants heh on tmslfor speufic PUTposes.' Movement In futtd5 In¢oming R•soure•s Balance at r•8tsurces •xp•nd8d Balance at 1 January 2022 31 Doc•mbor 2022 Building Fund Greener Energy Project Yth Work Fund Youth Lighlhouse Cty Bridge Shoebox Fund Wise I1$ Worker Support Food kH¢henlloDd bank inlialNe Othèr 4.792 2,479 2,801 1,898 1551 113n 632 4,088 209 1.019 976 13,5661 2,202 2,479 8.355 1.898 15,6431 16,195 110,6411 5,895 111.4831 12.855 18,6371 4,850 4,088 209 16,707 35,921 135,3461 18,301