DocuSign Envelope ID: 27690B40-25D0-4DDC-A1E4-33BABE398A4F
**Brotherhood of the cross and star(The) Limited** Charity No. 270034
## **Report & Financial Statements 31st March 2023**
## **Accountants**
Bradleys Accountants Limited 81 Bellegrove Road Welling Kent DA16 3PG
DocuSign Envelope ID: 27690B40-25D0-4DDC-A1E4-33BABE398A4F
## **Brotherhood of the cross and star(The) Limited**
## **Charity No. 270034**
|**INDEX**||
|---|---|
||Page|
|Charity details|1|
|Trustee's Reports|2-3|
|Independent Examiners Report|4|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Notes to Financial Activities|7|
|Detailed Statement of Financial Activities|Appendix|
DocuSign Envelope ID: 27690B40-25D0-4DDC-A1E4-33BABE398A4F
## **Page 1 Brotherhood of the cross and star(The) Limited**
## **Charity Details**
## **Charity No. 270034**
## **MANAGEMENT COMMITTEES**
His Holiness Olumba Olumba Obu PCS Gabriel Edun MCS Angela Aboagye PCS Chukuyenum Uzoelum HE Stella Moss PCS Petter Otto HE Joyce Brodnock HG Paul Esheyigba HE Liliane Dombele HG Godwin Sabah HG Nicholas Itam
|||
|---|---|
|**Trustees**|His Holiness Olumba Olumba|
||MCS Angela Aboagye|
||HE Stella Moss|
||HE Joyce Brodnock|
||HE Liliane Dombele|
|**Secretary**|HG Ekerete Robson|
|**Company number**|01252161|
|**Charity Number**|Charity No. 270034|
|**Registered Office**|Falmouth Road|
||London|
||SE1 6RT|
|**Accountants**|Bradleys Accountants Limited|
||81 Bellegrove Road|
||Welling|
||Kent|
||DA16 3PG|
|**Place of Worship**|Falmouth Road|
||London SE1 6RT|
|**Bankers**|Lloyds TSB Bank Plc|
||25 Gresham Street|
||London EC2V 7HH|
DocuSign Envelope ID: 27690B40-25D0-4DDC-A1E4-33BABE398A4F
## **Page 2**
## **Brotherhood of the cross and star(The) Limited**
## **TRUSTEES' REPORT for the period ended 31st March 2023**
The trustees present their report together with the financial statements of the charity for the period ended 31st March 2023. The financial statements have been prepared in accordance with the accounting policies set out on page 7 and comply with the charity's trust deed and applicable law.
## _**Trustees**_
The trustees named on page 1 have served throughout the year. Appointment of trustees is governed by the Trust Deed of the charity. The Board of trustees is authorised to appoint new trustees to fill vacancies arising through resignation or death of an existing trustee.
## _**Investments powers**_
The Trust Deed authorises the trustees to make and hold investments using the general funds of the charity, but no such investments are presently held.
## _**Constitution, objects and policies**_
The charitable Trust is constituted by Trust Deed and its objects are to provide advancement of the Christian faith.
The policy of the charitable Trust continues to be to seek additional donations to continue to run the church.
The trustees take the day-to-day responsibility for running the charity.
## _**Development, activities and achievements**_
The trustees consider that the performance of the charity this period has been most satisfactory and the number of congregants has increased once again this year.
## _**Financial review**_
Funds available are sufficient to permit the Trust to continue in operation in the medium term, given the continued support of the congregants. Should this support not continue in the longer term, further financial support would need to be sought to replace it.
## _**Risk Management**_
The trustees actively review the major risk which the charity faces on a regular basis and believe that maintaining reserves at current levels, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks faced by the charity and confirm that they have established systems to mitigate the significant risks.
DocuSign Envelope ID: 27690B40-25D0-4DDC-A1E4-33BABE398A4F
## **Page 3 Brotherhood of the cross and star(The) Limited Charity No. 270034 31st March 2023**
## **Future Developments**
The Trustee continue to promote an increase in congregation members, and are looking to develop a number of projects for the benefit of the local communities in which our bethels are located
## **Reserves policy**
It is the policy of the charity to maintain unrestricted funds at a level which provides sufficient funds to cover management and administration and support costs.
## **Statement of trustee's responsibilities**
Law applicable to charities in England Wales requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the trustees are required to:
a) Select suitable accountancy policies and apply them consistently;
b) make judgements and estimates that are reasonable and prudent;
c) state whether applicable accounting standards and statement of recommended practice have been followed, subject to many departures disclosed and explained in the financial statements;
d) prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping accounting records which 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 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps fit the prevention and detection of fraud and other irregularities.
## Approval
This accounts was approved by the trustees in and signed on their behalf
HG Ekerete Robson
12/29/2023
DocuSign Envelope ID: 27690B40-25D0-4DDC-A1E4-33BABE398A4F
## **Page 4 Brotherhood of the cross and star(The) Limited**
Independent Examiner's Report on the Accounts (CC65)(b) Report the trustees and members of
## **Brotherhood of the cross and star(The) Limited**
Charity No 270034
The accountants for the period ended 31st March 2023 Set out in pages 4-7
## **Respective responsibilities of the trustees and examiner**
As trustees, you are responsible for the preparation of the accounts, you consider that an audit is not required under 43(2) of the charities act 1993 (the Act) and that independent examination is needed
It is my responsibility to
- examine the accounts under section 43(3)(a) of the Act
- to follow the procedure laid down in the General Directions given by the Charity Commissioners under section 43 (7)-(b) of the Act and
- to state whether particular matters have come to my attention
## **Basis of independent examiner's report**
My examination was carried out in accordance with the general directions given by the Charity commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accountants presented with those records. It also includes consideration of an unusually items or disclosure in the accounts and seeking explanation from you as trustees concerning any such matters. The procedures 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 accountants.
## **Independent examiner's statement**
In Connection with my examination , no matter has come to my attention
- (1) which give me reasonable cause to believe that in any material respect the requirements
- to keep accounting records in accordance with section 41 of the Act; and
-to prepare accountants which accord with the accounting records and to comply with the accounting requirement of the act have not been met
- (2) to which in my opinion, attention should be drawn in order to enable a proper understanding of the
12/28/2023 Signed Date Bradleys Accountants Limited 81 Bellegrove Road Welling Kent DA16 3PG
DocuSign Envelope ID: 27690B40-25D0-4DDC-A1E4-33BABE398A4F
## **Page 5**
## **Brotherhood of the cross and star(The) Limited Statement of Financial Activities For the year ended 31st March 2023**
|**Income**
**Voluntary Sources - Donations**
**Gift Aid**
**Royalties**
**Mega Event DMF 2018**
**Insurance Claim**
**Interest received**
**Rent receivable**
**Sundry Receipt**
**TOTAL INCOME**
**Resources Expended**
**Direct Charitable Expenditure:**
**Management Administration**
**Total Resources Expended**
**Grant given**
**Refund of fund**
**Net Income resources for the year**|**Unrestricted**
**Fund**
**2023**
**£**
268,219
27,472
147
-
50,900
83
25,388
-
**372,208**
369,436
**369,436**
0
**0**
**2,773**|**Unrestricted**
**Fund**
**2022**
**£**
270,294
20,004
352
80,000
2
27,928
-|
|---|---|---|
|||**398,579**|
|||339,097|
|||**339,097**|
|||0|
|||**0**|
|||**59,482**|
DocuSign Envelope ID: 27690B40-25D0-4DDC-A1E4-33BABE398A4F
## **Page 6**
|**Brotherhood of the cross and star(The) Limited**
**Balance Sheet**
**For the year ended 31st March 2023**
**Notes**
**FIXED ASSETS**
4
**CURRENT ASSETS**
**Debtors**
5
**Bank & Cash**
**CREDITORS**
Amounts falling due within one year
6
**TOTAL ASSETS LESS CURRENT LIABILITIES**
Amounts falling due after one Year
**ACCUMULATED FUND**
Retained Surplus Brought Forward
7
(Deficit) / Surplus for the year|**£**
4,118
62,086|**2023**
**£**
965,266
60,997
**1,026,263**
266,056
**760,208**
757,435
2,773
**760,208**|**£**
19,646
148,844|**2022**
**£**
861,625
163,164|
|---|---|---|---|---|
||**66,204**||**168,490**||
||5,207||5,326||
||**5,207**||**5,326**||
||||||
|||||**1,024,789**|
|||||267,354|
|||||**757,435**|
|||||697,953
59,482|
|||||**757,435**|
## 12/29/2023
Approved on and signed on behalf of the Trustees
Signed By PCS Gabriel Edun Trustee Member
HG Nicholas Itam Trustee Member
DocuSign Envelope ID: 27690B40-25D0-4DDC-A1E4-33BABE398A4F
## **Page 7**
## **Brotherhood of the cross and star(The) Limited Notes to the Financial Statements For the year ended 31st March 2023**
## **Accounting policies**
- 1
## **Accounting convention**
- 1.1 The financial statements are prepared under historical cost convention and in accordance with The Financial Reporting Standard for Smaller Entities (FRSSE) (effective June 2002) and statement of Recommended Practice (SORP 2000), Accounting and Reporting by Charities.
## **Income**
- 1.2 Income represent the total donation and gift excluding Value Added Tax, of income made during the year.
## **Depreciation**
- 1.3 Depreciation is provided on tangible Fixed Assets at rate calculated to write off the cost less residual value of each assets over its expected useful life as follows:-
Fixture fitting and equipment
15% reducing balance method
## **Income**
- 2 The total income of the organization for the year has been derived from its principal activity wholly undertaken in the UK.
## **Operating surplus**
|**Operating surplus**||||
|---|---|---|---|
|3
Operating surplus is stated after charging
Depreciation of tangible assets
4
**Fixed Assets**
Cost
1st April 2022
Additions
Disposal
At 31st March 2023
Depreciation
1st April 2015
Charge for the year
At 31st March 2023
Net Book Values
At 31st March 2023
At 31st March 2022
5
Debtors amount falling due with one year
Accrued Income
Other debtors
6
Creditors amount falling due with one year
Trade creditors
Other creditors
PAYE
Accrual and deferred Income
7
Accumulated fund
Bal brought forward
Surplus for the year
Surplus CF
8
Other Costs/Revenue
Refund of funds|**2023**
**£**
**8,656**|16,342
-
-
**Motor Car**|**2022**
**£**
**4,636**
**Total**
145,864
1,009,923
43,259
112,297
-
-
**Fixture,**
**Fittings**
**Equipment**|
||847,717
69,038
-
**Freehold**
**Land**
**Building**|||
||**916,755**|**16,342**|**189,123**
**1,122,220**|
||-
-|15,526
204|132,772
148,298
8,452
8,656|
||**-**|**15,730**|141,224
**156,954**|
|||||
||**916,755**|**612**|**47,899**
**965,266**|
|||||
||**847,717**|**816**|**13,093**
**861,625**|
|||**2023**
**2022**
0
-
15,528
4,118
4,118
4,118
19,646
**2023**
**2022**
-
-
2,823
2,971
199
170
2,184
2,184
**5,207**
**5,326**
**2023**
**2022**
757,435
697,953
2,773
59,482
**760,208**
**757,435**
**Nil**
**Nil**||
- 9 There are no remuneration paid to the trustee's during the period.
DocuSign Envelope ID: 27690B40-25D0-4DDC-A1E4-33BABE398A4F
## **Appendix**
## **Brotherhood of the cross and star(The) Limited Statement of Financial Activities For the year ended 31st March 2023**
|**Income:**
**Notes**
Voluntary Sources - Donations
**1**
Gift AID Claim
Royalties
Insurance Claim
Interest received
Rent receivable
Sundry receipt
**TOTAL INCOME**
**Direct Charitable Expenditure:**
Evangelisation
Love feast expenses
Missionary Stipend
BCS Mega Event
Office expenses
Rent and rates
Insurance
Cleaning
Light and heat
Repairs & maintenance
Printing postage & stationery
Star Cross TV
Advertising and publicity
Telephone
Loan Interest
Computer consumables
Travelling expenses
Wages and Salaries
Employers NI
Pension Costs
Staff Training & Welfare
Legal & professional fees
Accountancy
Bank charges
Subscriptions
Donation
Foreign Donation
Commission payable
Fixtures & Fittings - Depreciation
Motor Vehicles - Depreciation
Refund of fund
**NET INCOME (EXPENDITURE)**|**Unrestricted**
**Fund**
**2023**
**£**
268,219
27,472
147
50,900
83
25,388
-
**372,208**
12,558
300
5,173
20,568
-
61,892
22,451
4,010
14,952
38,561
3,366
317
324
2,232
22,310
3,330
6,012
85,009
850
2,162
11,297
8,604
3,036
667
318
7,652
22,828
-
8,452
204
**369,436**
0
**-**
**2,773**|**Unrestricted**
**Fund**
**2022**
**£**
270,294
20,004
352
80,000
2
27,928
-|
|---|---|---|
|||**398,579**|
|||22,025
250
666
9,103
1,177
55,948
11,515
2,370
15,560
52,969
1,146
390
198
3,016
32,943
671
4,474
48,688
-
-
8,250
14,671
2,590
709
318
20,228
24,586
-
4,365
271|
|||**339,097**|
|||0|
|||**-**|
|||**59,482**|
**The notes on page 6 from part of these accounts.**