REGISTERED CHARITY NUMBER:1052568
Report of the Trustees and Financial Statement for the Year Ended 31 December 2023
For
The Rulers Church
The Rulers Church Contents of the Financial Statement For the Year Ended 31 December 2023
| Page | |
|---|---|
| Report of the Trustees | 3-4 |
| Independent Examiner’s Report | 5 |
| Statement of Financial Activities | 6 |
| Statemtent of Financial Position | 7 |
| Notes to the Financial Statements |
8-11 |
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The Rulers Church Report of the Trustees For the Year Ended 31st December 2023
The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. 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
APERX Consultants and Accountants Ltd 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
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The Rulers Church Report of the Trustees For the Year Ended 31 December 2023
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 2011, Charity (Accounts and Reports) Regulations 2011 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 2011, 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 : 01 November 2024
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Independent Examiner’s Report to Trustees of The Rulers Church
I report on the accounts for the year ended 31 December 2023 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 144 of the Charities Act 2011 (the Act) and that an independent examination is required
It is my responsibility to
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examine the accounts under Section 145 of the the Charities Act
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to follow the procedures laid down in the General Directions given by the Charity Commission(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 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 130 of the Charities Act; and
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• to prepare accounts which accord with the accounting records and to 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 accounts to be reached.
APERX Consultants and Accountants Ltd Chartered Certified Accountants 145 De La Pole Avenue Hull, HU3 6RD
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The Rulers Church
Income and Expenditure Accounts for the Year Ended 31st December 2023
| 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 Total Resouces Expended Net Incoming Resources Total Funds Brought forward Total Carried Forward |
Unrestricted Funds £ 70,954 51,905 - |
Restricted Funds Total Funds 2023 £ £ - 70,954 - 51,905 - - - 122,859 60,680 5,700 16,105 8,216 - 90,701 32,158 148,149 |
2022 £ 70,746 61,812 19,102 |
|---|---|---|---|
| 122,859 | 151,660 | ||
| 60,680 5,700 16,105 8,216 |
54,514 2,645 22,357 8,164 |
||
| 90,701 | 87,680 | ||
| 32,158 148,149 |
63,980 84,169 |
||
| 180,307 | 180,307 | 148,149 |
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The Rulers Church Statement of Financial Position as at 31st December 2023
| 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 |
2023 £ 347,098 5,598 5,202 - 10,800 1,479 356,419 356,420 |
2022 £ 301,071 6,096 3,855 14,000 |
|
|---|---|---|---|
| 23,951 | |||
| 760 | |||
| 324,262 | |||
| 324,262 |
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The Rulers Church Notes to the Financial Statements for the Year Ended 31st December 2023
- Voluntary Income
| 2. Voluntary Income | |
|---|---|
| 2023 £ Tithes and offering 70,746 3. Other Income Gift Aid Receivable 20,316 Rental Income 31,588 51,904 4. Charitable Activities Cost Wages 19,200 Rates & Water 9,000 Volunteer Expenses 3,190 Travel Cost 3,025 Evangelism 15,190 Hospitality 543 Foundation-Charity 8,750 NI' employer 1,394 Pension 'employer 388 60,680 5. Governance cost Telephone 1,833 Repairs and maintenance Professional fees 1,100 Heat and Light 2,350 General Expenses 1,342 Postage and Stationery 733 Building Insurance 2,007 Offering payment machine Motor Expenses 3,048 Bank charges 66 Instrumentalist 630 16,105 |
2022 £ 70,746 26,837 34,975 |
| 61,812 | |
| 19,200 5,157 1,600 2,940 11,345 1,887 10,800 1,358 227 |
|
| 54,514 | |
| 3,015 1,721 1,100 5,390 2,667 713 2,116 1,275 2,456 236 - |
|
| 22,357 |
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The Rulers Church
Notes to the Financial Statements for the Year Ended 31st December 2023
6. Other Resources Expended
| Depreciation: Motor Vehicle Computer Equipment Land and Buildings Lease Building Insurance Improvement to Buildings |
2023 £ 2,367 3,522 - 2,327 8,216 |
2022 £ 1,175 4,403 - 2,586 |
|---|---|---|
| 8,164 |
7. Trustee Remuneration Benefits
There were no trustees' remuneration or other benefits for the year ended 31st December 2023
Trustee Expenses
There were no trustees' expenses paid neither for the year ended 31st December 2023
| 8. Staff Costs Wages and Salaries Pension cost NI Employer 9. Tangible Fixed Assets Cost at 1/1/2023 Additions Depreciation At 1 January 2023 Charge for the Year At 31 December 2023 |
2023 £ 19,200 288 1,394 |
2022 £ 19,200 227 1,358 |
Investment 8,000 |
Improvement to Buildings 51,930 |
Purchase of Building Lease 248,463 48,500 |
Totals £ 393,975 54,443 |
|---|---|---|---|---|---|---|
| 20,882 | 20,785 | |||||
| Lease Building Insurance 15,000 |
Motor Vehicle Church Equipment £ £ 26,211 44,371 5,943 |
|||||
| 15,000 | 32,154 44,371 |
8,000 | 51,930 | 296,963 | 448,418 | |
| 15,000 0 |
22,687 26,761 2,367 3,522 |
0 0 |
28,656 2,327 |
0 0 |
93,104 8,216 |
|
| 15,000 | 25,054 30,283 |
0 | 30,983 | 0 | 101,320 |
| At 31st December | |||||||
|---|---|---|---|---|---|---|---|
| 2023 | £0 | £7,100 | £14,088 | £8,000 | £20,947 | £296,963 | £347,098 |
| At 31st December | |||||||
| 2022 | £0 | £9,467 | £17,610 | £8,000 | £23,274 | £248,463 | £306,814 |
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The Rulers Church
Notes to the Financial Statements for the Year Ended 31st December 2023
- Debtors: Amount Falling within 1yr
| Other Debtors Other Debtors |
5,598 0 5,598 |
6,096 14,000 |
|---|---|---|
| 6,096 |
other Debtors relates to the gift aid and sale of old church premises
| 2023 11. Creditors: Amount Falling Due 1 yr Other Creditors 1,100 PAYE 293 Pension 86 379 12. Movements In Funds At 1/1/23 £ Unrestricted Funds 148,149 Net Movement in Funds included are a s follows Unrestricted Funds 13. Reserves Balance Brought Forward Unrealised profit transferred Surplus for the Year |
2022 £ 1,450 1,450 Net Movements At 31st Dec 2023 £ £ 32,158 180,317 £ £ 122,859 90,701 2023 £ 32,158 356,420 |
Incoming Resources Resources Expended Movement in Funds £ 32,158 2022 £ 324,262 - 63,980 324,262 |
|---|---|---|
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The Rulers Church Notes to the Financial Statements for the Year Ended 31st December 2023
1.Accounting Policies
Accounting Convention
The financial statements have been prepared under the historical cost convention, the Charities Act 2011 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.
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