REGISTERED CHARITY NUMBER:1052568
Report of the Trustees and Financial Statement for the Year Ended 31 December 2021
For
The Rulers Church
The Rulers Church Contents of the Financial Statement For the Year Ended 31 December 2021
| 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 2021
The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. 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 31 December 2021
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 : 29 October 2022
Independent Examiner’s Report to Trustees of The Rulers Church
I report on the accounts for the year ended 31 December 2021 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 2021
| 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 £ 52,887 44,808 - |
Restricted Funds £ - - - |
Total Funds 2021 £ 52,887 44,808 - 97,695 48,135 1,810 14,537 6,519 71,001 26,694 84,169 |
Total Funds 2020 £ 57,134 32,139 63,673 |
|---|---|---|---|---|
| 97,695 | - | 152,946 | ||
| 48,135 1,810 14,537 6,519 |
42,197 2,650 16,154 7,776 - |
|||
| 71,001 | - | 68,777 | ||
| 26,694 84,169 |
84,169 19,440 |
|||
| 110,863 | 110,863 | 103,609 |
The Rulers Church
Statement of Financial Position as at 31st December 2021
| Notes Property, Plant and Equipment 9 Current Assets Debtors 10 Bank Balance 11 Other Debtors 14 Current Liabilities Creditors and Accruals 12 Net Assets Reserves 13 |
2021 £ 240,509 3,530 1,795 35,000 40,325 1,450 279,384 279,384 |
2020 £ 184,013 3,499 6,627 60,000 |
|
|---|---|---|---|
| 70,126 | |||
| 1,450 | |||
| 252,689 | |||
| 252,689 |
The Rulers Church
Notes to the Financial Statements for the Year Ended 31st December 2021
| 2. Voluntary Income Tithes and Offering Building Fund 3. Other Income Gift Aid Receivable Rental Income Cash converters Realised Profit 4. Charitable Activities Cost Wages Rates & Water Volunteer Expenses Printing and Reproduction Travel Cost Publicity Cost Evangelism Hospitality Foundation-Charity 5. Governance cost Telephone Repairs and maintenance Professional fees Heat and Light General Expenses Postage and Stationery Building Insurance Offering payment machine PAYE Motor Expenses Motor Insurance Media expenses |
2020 £ 52,887 - 52,887 23,278 21,330 200 - 44,808 12,000 8,000 2,400 - 2,121 - 14,687 177 8,750 48,135 2,569 250 800 4,701 1,025 284 1,136 763 - 2,380 629 14,537 |
2020 £ 56,959 175 |
|---|---|---|
| 57,134 | ||
| 12,440 18,995 704 63,673 |
||
| 95,812 | ||
| 11,200 4,000 2,600 - 2,175 - 22,170 52 0 |
||
| 42,197 | ||
| 2,103 600 800 2,400 1,178 278 1,402 878 - 5,169 1,346 |
||
| 16,154 |
The Rulers Church
Notes to the Financial Statements for the Year Ended 31st December 2021
- Other Resources Expended
| 6. Other Resources Expended |
||
|---|---|---|
| Depreciation: Motor Vehicle Computer Equipment Land and Buildings Lease Building Insurance Improvement to Buildings |
2021 £ 816 2,830 - 2,873 6,519 |
2020 £ 1,089 494 - 3,000 3,193 |
| 7,776 |
7. Trustee Remuneration Benefits
There were no trustees' remuneration or other benefits for the year ended 31st December 2021
Trustee Expenses
There were no trustees' expenses paid neither for the year ended 31st December 2021
| 8. Staff Costs Wages and Salaries 9. Tangible Fixed Assets Cost at 1/1/2021 Additions Depreciation At 1 January 2021 Charge for the Year At 31 December 2021 At 31st December 2021 At 31st December 2020 |
2021 £ 12,000 Lease Building Insurance 15,000 |
Motor Vehicle £ 23,961 |
2020 £ 11,200 Church Equipment £ 21,503 12,177 |
Investment 8,000 |
Improvement to Buildings 51,930 |
Purchase of Building Lease 142,040 50,838 |
Totals £ 262,434 63,015 |
|---|---|---|---|---|---|---|---|
| 15,000 | 23,961 | 33,680 | 8,000 | 51,930 | 192,878 | 325,449 | |
| 15,000 0 |
20,696 816 |
19,528 2,830 |
0 0 |
23,197 2,873 |
0 0 |
78,421 6,519 |
|
| 15,000 | 21,512 | 22,358 | 0 | 26,070 | 0 | 84,940 | |
| £0 £0 |
£2,449 £3,265 |
£11,322 £14,152 |
£8,000 £8,000 |
£25,860 £28,733 |
£192,878 £142,040 |
£240,509 £196,190 |
The Rulers Church Notes to the Financial Statements for the Year Ended 31st December 2021
- Debtors: Amount Falling within 1yr
| Other Debtors 3,530 Other Debtors 35,000 38,530 2021 11. Creditors: Amount Falling Due 1 yr Other Creditors 1,450 1,450 12. Movements In Funds At 1/1/21 £ Unrestricted Funds 84,169 Net Movement in Funds included are as follows: Unrestricted Funds 13. Reserves Balance Brought Forward Surplus for the Year Revaluation Reserve |
3,499 60,000 3,499 2020 £ 1,450 1,450 Net Movements At 31st Dec 2021 £ £ 26,694 110,863 £ £ 97,695 71,001 2021 £ 252,689 26,695 - 279,384 |
Incoming Resources Resources Expended Movement in Funds £ 26,694 2020 £ 113,943 84,169 54,577 252,689 |
|---|---|---|
The Rulers Church Notes to the Financial Statements for the Year Ended 31st December 2021
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 -20% on reducing balance Improvement to Building -10% on reducing balance
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.