Docusign Envelope ID: D90F87B3-3625-4DFB-9E92-D0CDFB265204
Brotherhood of the cross and star(The) Limited Charity No. 270034
Report & Financial Statements 31st March 2024
Accountants
Bradleys Accountants Limited 81 Bellegrove Road Welling Kent DA16 3PG
Docusign Envelope ID: D90F87B3-3625-4DFB-9E92-D0CDFB265204
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: D90F87B3-3625-4DFB-9E92-D0CDFB265204
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: D90F87B3-3625-4DFB-9E92-D0CDFB265204
Page 2
Brotherhood of the cross and star(The) Limited
TRUSTEES' REPORT for the period ended 31st March 2024
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: D90F87B3-3625-4DFB-9E92-D0CDFB265204
Page 3 Brotherhood of the cross and star(The) Limited Charity No. 270034 31st March 2024
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 25/01/2025
HG Ekerete Robson
Docusign Envelope ID: D90F87B3-3625-4DFB-9E92-D0CDFB265204
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 2024 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
Signed Bradleys Accountants Limited 81 Bellegrove Road Welling Kent DA16 3PG
Date 25/01/2025
Docusign Envelope ID: D90F87B3-3625-4DFB-9E92-D0CDFB265204
Page 5
Brotherhood of the cross and star(The) Limited Statement of Financial Activities For the year ended 31st March 2024
| Income Voluntary Sources - Donations Gift Aid Royalties Insurance Claim Interest received Grants 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 2024 £ 375,412 25,867 205 27,164 895 3,902 21,418 - 454,863 430,381 430,381 0 0 24,481 |
Unrestricted Fund 2023 £ 268,219 27,472 147 50,900 83 25,388 - |
|---|---|---|
| 372,208 | ||
| 369,436 | ||
| 369,436 | ||
| 0 | ||
| 0 | ||
| 2,773 |
Docusign Envelope ID: D90F87B3-3625-4DFB-9E92-D0CDFB265204
Page 6
| Brotherhood of the cross and star(The) Limited Balance Sheet For the year ended 31st March 2024 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 Approved on and signed on behalf of the Trustees Signed By PCS Gabriel Edun Trustee Member 25/01/2025 |
£ 4,118 103,311 |
2024 £ 957,929 88,399 1,046,328 261,639 784,689 760,208 24,481 784,689 HG Godwin Sabah Trustee Member |
£ 4,118 62,086 |
2023 £ 965,266 60,997 |
|---|---|---|---|---|
| 107,428 | 66,204 | |||
| 19,029 | 5,207 | |||
| 19,029 | 5,207 | |||
| 1,026,263 | ||||
| 266,056 | ||||
| 760,208 | ||||
| 757,435 2,773 |
||||
| 760,208 | ||||
Docusign Envelope ID: D90F87B3-3625-4DFB-9E92-D0CDFB265204
Page 7
Brotherhood of the cross and star(The) Limited Notes to the Financial Statements For the year ended 31st March 2024
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 2024 Depreciation 1st April 2015 Charge for the year At 31st March 2024 Net Book Values At 31st March 2024 At 31st March 2023 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 |
2024 £ 7,337 |
16,342 - - Motor Car |
2023 £ 8,656 Total 189,123 1,122,220 - - - - Fixture, Fittings Equipment |
| 916,755 - - Freehold Land Building |
|||
| 916,755 | 16,342 | 189,123 1,122,220 |
|
| - - |
15,730 153 |
141,224 156,954 7,184 7,337 |
|
| - | 15,883 | 148,408 164,291 |
|
| 916,755 | 459 | 40,715 957,929 |
|
| 916,755 | 612 | 47,899 965,266 |
|
| 2024 2023 0 - 0 - 4,118 4,118 4,118 4,118 2024 2023 - - 15,280 2,823 1,566 199 2,184 2,184 19,029 5,207 2024 2023 760,208 757,435 24,481 2,773 784,689 760,208 Nil Nil |
- 9 There are no remuneration paid to the trustee's during the period.
Docusign Envelope ID: D90F87B3-3625-4DFB-9E92-D0CDFB265204
Appendix
Brotherhood of the cross and star(The) Limited Statement of Financial Activities For the year ended 31st March 2024
| Income: Notes Voluntary Sources - Donations 1 Gift AID Claim Royalties Insurance Claim Interest received Rent receivable Grants Received 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 Peace Garden Project 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 2024 £ 375,412 25,867 205 27,164 895 21,418 3,902 - 454,863 14,031 350 8,832 16,282 40 67,424 26,361 3,269 26,897 50,162 862 15,230 3,902 - 2,367 24,647 1,437 14,475 94,822 1,809 2,845 21,396 12,784 2,784 877 318 2,802 6,039 - 7,184 153 430,381 0 - 24,481 |
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 |
The notes on page 6 from part of these accounts.