REGISTERED CHARITY NUMBER:1052568
Report of the Trustees and Financial Statement for the Year Ended 31st December 2020
For
THE RULERS CHURCH
The Rulers Church Contents of the Financial Statement For the Year Ended 31st December 2020
| Page | |
|---|---|
| Report of the Trustees | 1-2 |
| Independent Examiner’s Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements |
6-9 |
The Rulers Church Report of the Trustees For the Year Ended 31st December 2020
The trustees present their report with the financial statements of the charity for the year ended 31st December 2020.The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) ‘ Accounting and Reporting by Charities issued in March 2005.
Reference and Administrative Details
Registered Charity Number
1052568
Principal Address
PO Box 113 Manchester M11 0AT
Trustees
Athley W Hylton Mark Adjei-Kumi Gladys Dodoo
Independent Examiner
P & E Accounting Services Limited Chartered Certified Accountants 145 De La Pole Avenue Hull HU3 6RD
Structure, Governance and Management
Governing Document
The Charity is controlled by its govening document, a deed of trust and constitutes an unincorporated charity.
Risk Management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fruad and error
The Rulers Church Report of the Trustees For the Year Ended 31st December 2020
Statement of Trustees Responsibilities
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards(United Kingdom Generally Accepted Accounting Practice)
The law applicable to charities in England and Wales, the Charities Act 1993, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure of the charity for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently
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observe the methods and principle in the Charity SORP
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make judgements and estimates that are reasonable and prudent
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 1993, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
ON BEHALF OF THE BOARD
Athley W Hylton
......................................................... Signature
Athley W Hylton
.......................................................... Name of Trustee
Date : 30th October 2021
Independent Examiner’s Report to Trustees of The Rulers Church
I report on the accounts for the year ended 31st December 2020 set out on pages four to eight
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year(under Section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is required
It is my responsibility to
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examine the accounts under Section 43 of the 1993 Act
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to follow the procedures laid down in the General Directions given by the Charity Commission(under Section 43(7)(b) of the 1993 Act); and
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to state whether particular matters have come to my attention
Basis of the independent examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes the review of the accounting records kept by the charity and 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 statements below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
(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 41 of the 1993 Act; and
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to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 1993 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 accounts to be reached.
P & E Accounting Services Limited Chartered Certified Accountants 145 De La Pole Avenue Hull, HU3 6RD
The Rulers Church
Income and Expenditure Accounts for the Year Ended 31st December 2020
| Notes Incoming Resources Voluntary Income 2 Other Income 3 Realised Profit-Land/buildings Total Incoming Resources Resources Expended Charitable Activities 4 Gifts and Donation Governance Cost 5 Other Resources Expended 6 Grant Income Expenses Total Resouces Expended Net Incoming Resources Total Funds Brought forward Total Carried Forward |
Unrestricted Funds Restricted Funds Total Funds 2020 Total Funds 2019 £ £ £ £ 57,134 - 57,134 56,970 32,139 - 32,139 44,509 63,673 63,673 - 152,946 - 152,946 101,479 42,197 - 42,197 46,285 2,650 - 2,650 2,000 16,154 - 16,154 24,977 7,776 - 7,776 8,777 - - - - 68,777 - 68,777 82,038 84,169 84,169 19,440 19,440 19,440 26,665 |
|---|---|
| 103,609 103,609 46,105 |
The Rulers Church Statement of Financial Position as at 31st December 2020
| Notes Tangible 9 Current Assets Debtors 10 Bank Balance 11 Other Debtors 14 Current Liabilities Creditors and Accruals 12 Net Assets Reserves 13 |
2020 £ 184,013 3,499 6,627 60,000 70,126 1,450 252,689 252,689 |
2019 £ 108,498 2,910 3,985 |
|
|---|---|---|---|
| 6,895 | |||
| 1,450 | |||
| 113,943 | |||
| 113,943 |
The Rulers Church
Notes to the Financial Statements for the Year Ended 31st December 2020
2. Voluntary Income
| 2020 £ Tithes and Offering 56,959 Building Fund 175 57,134 3. Other Income Gift Aid Receivable 12,440 Rental Income 18,995 Optima 704 Realised Profit 63,673 95,812 4. Charitable Activities Cost Wages 11,200 Rates & Water 4,000 Volunteer Expenses 2,600 Printing and Reproduction - Travel Cost 2,175 Publicity Cost - Evangelism 22,170 Hospitality 52 Youth Ministry 0 42,197 5. Governance cost Telephone 2,103 Repairs and maintenance 600 Professional fees 800 Heat and Light 2,400 General Expenses 1,178 Postage and Stationery 278 Building Insurance 1,402 Interest Payable and Similar Charges 878 PAYE - Motor Expenses 5,169 Motor Insurance 1,346 16,154 |
2019 £ 56,970 120 57,090 12,528 31,860 - - 44,388 15,000 - 1,200 98 4,025 - 22,729 3,233 0 46,285 1,306 2,637 800 2,850 2,371 270 1,346 1,066 - 8,820 3,511 24,977 |
|---|---|
The Rulers Church
Notes to the Financial Statements for the Year Ended 31st December 2020
6. Other Resources Expended
| Depreciation: Motor Vehicle Computer Equipment Land and Buildings Lease Building Insurance Improvement to Buildings |
2020 £ 1,089 494 - 3,000 3,193 7,776 |
2019 £ 1,451 404 375 3,000 3,547 |
|---|---|---|
| 8,777 |
7. Trustee Remuneration Benefits
There were no trustees' remuneration or other benefits for the year ended 31st December 2020
Trustee Expenses
There were no trustees' expenses paid neither for the year ended 31st December 2020
| 2020 | 2019 | |
|---|---|---|
| 8. Staff Costs | £ | £ |
| Wages and Salaries | 11,200 | 15,000 |
| 9. Tangible Fixed Assets Cost at 1/1/2020 Additions Depreciation At 1 January 2020 Charge for the Year At 31 December 2014 At 31st December 2020 At 31st December 2019 |
Lease Building Insurance Motor Vehicle Church Equipment Investment Improvement to Buildings Purchase of Building Lease Totals £ £ £ 15,000 23,961 20,652 8,000 51,930 50,850 170,393 851 91,190 92,041 |
|---|---|
| 15,000 23,961 21,503 8,000 51,930 142,040 262,434 |
|
| 15,000 19,607 19,034 0 20,004 0 73,645 3,000 1,089 494 0 3,193 0 7,776 |
|
| 15,000 20,696 19,528 0 23,197 0 81,421 |
|
| £0 £3,265 £1,975 £8,000 £28,733 £142,040 £184,013 £0 £4,354 £2,469 £8,000 £31,926 £50,850 £97,599 |
The Rulers Church
Notes to the Financial Statements for the Year Ended 31st December 2020
- Debtors: Amount Falling within 1yr
| Other Debtors 3,499 Other Debtors 60,000 63,499 other Debtors relates to the p 2020 11. Creditors :Amount Falling Due 1 yr £ Other Creditors 1,450 1,450 12. Movements In Funds At 1/1/20 Net Movement s £ £ Unrestricted Funds 19440 81,659 Net Movement in Funds included are as follows: Incoming Resource s £ £ Unrestricted Funds 152,946 68,777 13. Reserves 2020 £ Balance Brought Forward 113,943 Surplus for the Year 84,169 Revaluation Reserve 54,577 252,689 |
2,910 2,910 2019 £ 1,450 1,450 At 31st Dec 2020 £ 101,099 Resource s Expende d Moveme nt in Funds £ 84,169 2019 £ 94,503 19,440 113,943 |
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The Rulers Church Notes to the Financial Statements for the Year Ended 31st December 2020
1.Accounting Policies
Accounting Convention
The financial statements have been prepared under the historical cost convention, the Charities Act 1993 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Financial Reporting Standard Number 1
Exemption has been taken from preparing a cash flow statement on the grounds that the charity qualifies as a small charity
Incoming Resources
All incoming resources are included on the Income and Expediture Accounts when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources Expended
Expenditure is accounted for on an accruals basis and has been classified under the headings that aggregate all cost related category. Where cost can not be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible Fixed Assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life Motor Vehicles -25% on reducing balance Church Equipment -25% on cost
Taxation
The charity is exempt from tax on its charitable activities
Fund Accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.Restricted funds can only be used for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.