Registered Charity No - 802470
Jesus Is Lord Fellowship
Trustees’ Report and Accounts 31 March 2021
| CONTENTS | PAGE |
|---|---|
| Legal and Administrative Details | 2 |
| Trustees' Report | 3 |
| Independent Examiners’ Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Accounts | 9 |
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REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021
Trustees 1. Rev A J Villanueva 2. Bishop E C Villanueva 3. Mr A Barrientos 4. Mrs L D Janolo 5. Mr J De Vera
Charity registered Number 802470
Date of charitable registration 20 November 1989
Principal office 25 Dawlish Drive Ruislip Manor Middlesex HA4 9SF
Independent examiners Patsy Alexander MSC ACMA C/o GoodtoGive
Bankers NatWest Bank
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TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MARCH 2021
The Board of Trustees, who are the trustees for charity law purposes, submit their annual report and the financial statements of Jesus is Lord Fellowship for the year ended 31 March 2021. The Board of Trustees confirms that the annual report and financial statements of the Charity comply with current statutory requirements, the requirements of the Charity's governing document and the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities (revised 2005)'.
Structure, governance and management
The 5 Trustees are:
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Rev A J Villanueva
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Bishop E C Villanueva
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Mr A Barrientos
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Mrs L D Janolo
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Mr J De Vera
The Trustees play a primary role in ensuring good governance and functioning of the foundation. The Board’s role, functions and responsibilities are quite clearly defined.
The Charity currently has a strong team of Advisory board members in the UK who have helped to secure financial support and contribute to the future planning of the organisation.
Governing document:
Jesus is Lord Fellowship is an unincorporated charitable organisation formed on 20 November 1989 and registered as a charity on the same day. The charity is governed by a declaration of trust dated 20 November 1989 and amended by a supplemental deed dated 13 January 1997.
Recruitment and appointment of trustees:
The members of the General Trustee Board are trustees for the purposes of charity law. New trustees may be appointed by resolution of a meeting of the trustees.
Much of the charity's work focuses upon the promotion of the Christian religion and the running and maintenance of its places of worship.
The General Trustee Board seeks to ensure that the needs of this group are appropriately reflected through the diversity of the trustee body. To enhance the potential pool of trustees, the charity has, through selective advertising and networking with voluntary organizations active in the sector, sought to identify those who would be willing to become members of the charity and use their own experience to assist the charity.
Risk Management:
We are committed to a policy of identifying, monitoring and managing the risks that might adversely affect the activities in which we are involved. In this context, risk is defined as the potential to fail to achieve charity objectives and for loss, financial and reputational, inherent in the environment in which we operate in the nature of the transactions undertaken.
The principal risk of the charity has been its dependence on voluntary income. Trustees have initiated various processes to mitigate such risk, so that the charity has sufficient reserve in the event of adverse condition(s).
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TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MARCH 2021
The trustees have also examined other operational and business risks which they face and confirm that they have taken steps to mitigate the significant risks.
Public Benefit:
The Trustees have complied with the duty in Section 4 of the Charities Act 2006 and have paid due regard to public benefit when preparing this report. The benefit provided to the public is consistent with the aims of the charity in UK.
Objectives and activities:
To advance the Christian faith in accordance with the statements of beliefs appearing in the schedule hereto in London and in such other parts of the United Kingdom or the world as the trustees may from time to time think fit.
To make grant to institution outside UK, to provide services, advocacy persons who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused thereby in London and in such other parts of the United Kingdom or the world as the trustees may from time to time think fit.
To promote and fulfil such other charitable purposes beneficial to the community in London and in such other parts of the United Kingdom or the world as the trustees may from time to time think fit.
Financial review:
The largest contribution to the charity for the year came from general offerings. The charity began its charitable activities from April 2012.
The Charity currently aims to designate the total fund received less expenses for the main objective of the charity.
Plans for future periods:
The Charity plans to develop various fundraising strategies to include community outreach. Besides community outreach and events, the charity is aiming to achieve its targets through securing donations from willing individuals. A development board may be created to consider other avenues of fundraising to be included in the yearly programme.
Statement of Board of Trustees’ responsibilities
The Board of Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
Charity law applicable to charities in England/Wales requires the Board of Trustees to prepare financial statements for each financial year which gives a true and fair view of the state of affairs of the Charity and of the surplus or deficit of the Charity for that period. In preparing those financial statements the Board of Trustees have:
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Selected suitable accounting policies and applied them consistently,
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Made judgments and estimates that are reasonable and prudent,
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Stated whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MARCH 2021
- Prepared the financial statements on a going concern basis (unless it is inappropriate to presume that the Charity will continue in operation).
The Board of Trustees has overall responsibility for ensuring that the Charity has an appropriate system of controls, financial and otherwise. They are also responsible for keeping proper 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 for the detection and prevention of fraud and other irregularities.
The Board of Trustees is responsible for the maintenance and integrity of the corporate and financial information. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Statement of disclosure of information to independent examiner:
We, as the Trustees of the Charity who held office at the date of approval of these financial statements as set out on page 2 each confirm, so far as we are aware, that:
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There is no relevant information of which the Charity's independent examiner are unaware; and we have
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taken all the steps that we ought to have taken as Trustees in order to make ourselves aware of any relevant information and to establish that the charity's independent examiner is aware of that information.
Independent Examiner:
The Charity's independent examiner, Patsy Alexander MSC ACMA ACIE C/o Good to Give LTD, has indicated their willingness to continue in office and offer themselves for appointment.
This report was approved by the Trustees on and signed on their behalf by:
………………………
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INDEPENDENT EXAMINER`S REPORT FOR THE YEAR ENDED 31 MARCH 2020
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF JESUS IS LORD FELLOWSHIP
I report on the financial statements of the charity for the year ended 31 March 2021 which comprise the Statement of Financial Activities and Balance Sheet with associate notes.
This report is made solely to the charity's Trustees, as a body, in accordance with section 145 of the Charities Act 2011 and regulations made under section 154 of that Act. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my examination work.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The charity's Trustees are responsible for the preparation of the financial statements, and they consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the Act) and that an independent examination is needed.
It is my responsibility to:
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Examine the accounts (under Section 145 of the Charities Act);
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To follow the procedures laid down in the General Directions given by the Charity Commissioners (under Section 145(5)(b) of the Charities Act); and
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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 Group/Charity 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 no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent Examiner's statement
In connection with my examination, no matter has come to my attention:
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1) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 130 of the Act; and
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to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the Act
have not been met; or
- 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
Signed:
Patsy Alexander MSC ACMA
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STATEMENT OF FINANCIAL ACTIVITIES (Incorporating income and expenditure account) FOR THE YEAR ENDED 31 MARCH 2020
| Unrestricted Restricted Total Funds Total Funds 2021 2021 2021 2020 Notes £ £ £ £ Incoming resources General offerings 1 508,546 - 508,546 606,605 Gift Aid 89,951 - 89,951 110,502 Other Income 110 110 - Total Incoming resources 598,607 - 598,607 717,601 Resources expended 3 Direct charitable expenditure 365,628 - 365,628 614,906 Governance costs 3,000 - 3,000 3,000 Total Resources expended 368,628 - 368,628 617,906 Movement in total fund for the year- Net income / (expenditure) For the year 229,979 - 229,979 99,965 Fund balance brought forward 515,008 - 515,008 415,313 Fund balance carried forward 744,987 - 744,987 515,008 |
Unrestricted Restricted Total Funds Total Funds 2021 2021 2021 2020 Notes £ £ £ £ Incoming resources General offerings 1 508,546 - 508,546 606,605 Gift Aid 89,951 - 89,951 110,502 Other Income 110 110 - Total Incoming resources 598,607 - 598,607 717,601 Resources expended 3 Direct charitable expenditure 365,628 - 365,628 614,906 Governance costs 3,000 - 3,000 3,000 Total Resources expended 368,628 - 368,628 617,906 Movement in total fund for the year- Net income / (expenditure) For the year 229,979 - 229,979 99,965 Fund balance brought forward 515,008 - 515,008 415,313 Fund balance carried forward 744,987 - 744,987 515,008 |
Unrestricted Restricted Total Funds Total Funds 2021 2021 2021 2020 Notes £ £ £ £ Incoming resources General offerings 1 508,546 - 508,546 606,605 Gift Aid 89,951 - 89,951 110,502 Other Income 110 110 - Total Incoming resources 598,607 - 598,607 717,601 Resources expended 3 Direct charitable expenditure 365,628 - 365,628 614,906 Governance costs 3,000 - 3,000 3,000 Total Resources expended 368,628 - 368,628 617,906 Movement in total fund for the year- Net income / (expenditure) For the year 229,979 - 229,979 99,965 Fund balance brought forward 515,008 - 515,008 415,313 Fund balance carried forward 744,987 - 744,987 515,008 |
|---|---|---|
| Notes Incoming resources General offerings 1 Gift Aid Other Income Total Incoming resources Resources expended 3 Direct charitable expenditure Governance costs Total Resources expended Movement in total fund for the year- Net income / (expenditure) For the year Fund balance brought forward Fund balance carried forward |
Unrestricted Restricted Total Funds Total Funds 2021 2021 2021 2020 £ £ £ £ 508,546 - 508,546 606,605 89,951 - 89,951 110,502 110 110 - |
|
| 598,607 - 598,607 717,601 |
||
| 365,628 - 365,628 614,906 3,000 - 3,000 3,000 |
||
| 368,628 - 368,628 617,906 |
||
| 229,979 - 229,979 99,965 515,008 - 515,008 415,313 744,987 - 744,987 515,008 |
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BALANCE SHEET
AS AT 31 MARCH 2021
----- Start of picture text -----
2021 2020
Note £ £ £ £
FIXED ASSETS
Tangible assets 6 844 7,691
CURRENT ASSETS
Debtors 7 19,259 17,837
Cash at bank 726,953 493,778
746,212 511,615
CREDITORS: amounts falling due within one year 8 2,069 4,298
NET CURRENT ASSETS 744,143 507,317
TOTAL ASSET LESS CURRENT
744,987 515,008
LIABILITIES
NET ASSETS 744,987 515,008
CHARITY FUNDS
Unrestricted funds 9 744,987 515,008
Restricted funds - -
TOTAL FUNDS 744,987 515,008
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The financial statements were approved by the Trustees and signed on their behalf, by:
Mr L D Janolo - Trustees
The notes on pages 9 – 12 form part of these financial statements
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FOR THE YEAR ENDED 31 MARCH 2021
NOTES TO THE FINANCIAL STATEMENT
1. ACCOUNTING POLICIES
1.1 Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), 'Accounting and Reporting by Charities' published in March 2005 and applicable accounting standards.
1.2
Fund accounting
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 and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund are set out in the notes to the financial statements.
1.3 Incoming resources
All incoming resources are included in the Statement of financial activities when the charity has entitlement to the funds, certainty of receipt and the amount can be measured with sufficient reliability.
Donated services or facilities, which comprise donated services, are included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognised where there is no financial cost borne by a third party.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
1.4 Resources expended
Expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities, they have been allocated on a basis consistent with the use of the resources.
Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
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NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 MARCH 2021
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the yearend are noted as a commitment, but not accrued as expenditure.
1.5 Tangible Fixed Asset
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and Machinery 25% on reducing balance Computer equipment 25% on reducing balance
2. VOLUNTARY INCOME
| Donations from individuals Gift Aid Deposit Account Interest Total Income |
2021 £ 508,546 89,951 110 598,607 |
2020 £ 606,605 110,502 494 |
|---|---|---|
| 717,601 |
3. RESOURCES EXPENDED
| Direct expenses Salaries Grants to institutions Church Events Professional fees Computer & IT costs Travel & subsistence Depreciation Bank charges Love Gifts |
2020 75,348 83,614 40,522 69,236 12,332 7,560 20,725 6,847 1,175 48,270 365,628 |
2020 105,579 78,705 120,050 128,520 27,404 43,913 34,541 6,848 3,046 66,300 |
|---|---|---|
| 614,906 |
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4. TRUSTEES REMUNARTION AND BENIFITS
Trustees` Salaries
| 2021 | 2020 |
|---|---|
| £ | £ |
| 53,505 | 53,505 |
Trustee Expenses
There were no trustees expense paid for the year ended 31 March 2021 or 2020.
5. STAFF COST
Wages and salaries The average monthly number of employees during year was as follows: No employees receive emoluments in excess of £60,000.
| 2021 £ 83,614 2021 4 |
2020 £ 78,239 |
|---|---|
| 2020 4 |
6. TANGEBLE FIXED ASSET
| Plant & Machinery |
Computer Equipment |
Total | |
|---|---|---|---|
| £ | £ | £ | |
| COST | |||
| At 31 March 2020 | 47,834 | 3,795 | 51,629 |
| Additions | - | - | |
| - | |||
| At 31 March 2021 | 47,834 | 3,795 | 51,629 |
| DEPRECIATION | |||
| At 31 March 2020 | 40,480 | 3,458 | 43,938 |
| Charge for the year | 6,510 | 337 | 6,847 |
| At 31 March 2021 | 46,990 | 3,795 | 50,785 |
| NET BOOK | |||
| VALUE | |||
| At 31 March 2020 | 844 | - | 844 |
| At 31 March 2019 | 7,354 | 337 | 7,691 |
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7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 7. DEBTORS: AMOUNTS FALLING DUE |
WITHIN ONE YEAR | |
|---|---|---|
| 2021 | 2020 | |
| Other Debtors | 19,259 | 17,837 |
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Accruals and Differed Income Taxation and other social security Total 9. MOVEMENTS IN FUND 2020 Unrestricted Fund General Fund 515,008 Net movements on fund, included in the above are as follows: Income resources Unrestricted funds £ General fund 598,607 |
2021 2020 2,069 2,069 - 2,229 2,069 4,298 Net movements in funds 2021 229,979 744,987 Resources expended Movement in funds £ £ 368,628 229,979 |
|---|---|
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