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2022-03-31-accounts

Registered Charity No - 802470

Jesus Is Lord Fellowship

Trustees’ Report and Accounts 31 March 2022

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 2022

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 27 Strawberry Path Blackbird Leys Oxford OX4 6RA

Independent examiners Patsy Alexander MSC ACMA ACIE C/o GoodtoGive Limited

Bankers NatWest Bank

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TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2022

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 2022. 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:

  1. Rev A J Villanueva

  2. Bishop E C Villanueva

  3. Mr A Barrientos

  4. Mrs L D Janolo

  5. 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 2022

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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TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2022

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:

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:

…………………………….…………

Mr A Barrientos

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INDEPENDENT EXAMINER`S REPORT FOR THE YEAR ENDED 31 MARCH 2022

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 2022 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:

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:

have not been met; or

Signed:

Dated: 14/09/2022

S

Patsy Alexander MSC ACMA

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STATEMENT OF FINANCIAL ACTIVITIES (Incorporating income and expenditure account) FOR THE YEAR ENDED 31 MARCH 2022

----- Start of picture text -----
Unrestricted Restricted Total Funds Total Funds
2022 2022 2022 2021
Notes £ £ £ £
Incoming resources
General offerings 1 680,905 - 680,905 508,546
Gift Aid 83,408 - 83,408 89,951
Other Income 17 17 110
Total Incoming resources 764,330 - 764,330 598,607
Resources expended 3
Direct charitable expenditure 585,530 - 585,530 325,628
Governance costs 3,600 - 3,600 3,000
Total Resources expended 589,130 - 589,130 368,628
Movement in total fund for the
year- Net income / (expenditure) 175,200 - 175,200 229,979
For the year
Fund balance brought forward 744,987 - 744,987 515,008
Fund balance carried forward 920,187 - 920,187 744,987
----- End of picture text -----

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BALANCE SHEET

AS AT 31 MARCH 2022

----- Start of picture text -----
2022 2021
Note £ £ £ £
FIXED ASSETS
Tangible assets 6 3,239 844
CURRENT ASSETS
Debtors 7 14,437 19,259
Cash at bank 905,382 726,953
919,819 746,212
CREDITORS: amounts falling due within one year 8 2,871 2,069
NET CURRENT ASSETS 916,948 744,143
TOTAL ASSET LESS CURRENT
920,187 744,987
LIABILITIES
NET ASSETS 920,187 744,987
CHARITY FUNDS
Unrestricted funds 9 920,187 744,987
Restricted funds - -
TOTAL FUNDS 920,187 744,987
----- End of picture text -----

The financial statements were approved by the Trustees and signed on their behalf, by:

……………………………………………………… Mr A Barrientos

The notes on pages 9 – 12 form part of these financial statements

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NOTES TO THE FINANCIAL STATEMENT

FOR THE YEAR ENDED 31 MARCH 2022

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 2022

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		 2022
£
680,905
83,408
17
764,330		 2021
£
508,546
89,951
110
598,607

3. RESOURCES EXPENDED

Direct expenses
Salaries & Pension
Grants to institutions
Church Events
Professional fees
Computer & IT costs
Travel & subsistence
Depreciation
Bank charges
Love Gifts		 2022
185,475
135,619
86,303
50,608
19,648
9,544
25,200
1,811
3,665
68,757
585,530		 2021
75,348
83,614
40,522
69,236
12,332
7,560
20,725
6,847
1,175
48,270
365,628

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4. TRUSTEES REMUNARTION AND BENIFITS

Trustees` Salaries

2021 2020
£ £
59,624 53,505

Trustee Expenses

There were no trustees expense paid for the year ended 31 March 2022 or 2021.

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.

2022
£
135,619
2022
5		 2021
£
83,614
2021
4

6. TANGEBLE FIXED ASSET

Plant &
Machinery		 Computer
Equipment		 Total
£ £ £
COST
At 31 March 2021 47,834 3,795 51,629
Additions - 3,869
3,869
At 31 March 2022 47,834 7,664 55,498
DEPRECIATION
At 31 March 2021 46,990 3,458 50,448
Charge for the year 844 967 1,811
At 31 March 2022 47,834 4,425 52,259
NET BOOK
VALUE
At 31 March 2022 - 3,239 3,239
At 31 March 2021 844 - 844

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7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022 2021
Other Debtors 14,437 19,259

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Accruals and Differed Income
Taxation and other social security
Total
9.
MOVEMENTS IN FUND
2021
Unrestricted Fund
General Fund
744,987
Net movements on fund, included in the above are as follows:
Income
resources
Unrestricted funds
£
General fund
764,330		 2022
2021
2,871
2,069
-
-
2,871
2,069
Net
movements
in funds
2022
175,200
920,187
Resources
expended
Movement
in funds
£
£
589,130
175,200

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