Registered Charity No - 1073618
Built on the Rock International Ministries
Trustees’ Report and Accounts 5 April 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 5 APRIL 2022
- Trustees 1. Navlette McFarlane-Sawyer 2. Louis Reid 3. Leasa Toni Greaves
Charity registered Number 1073618
Date of charitable registration 28 January 1999
Principal office 140 Boundary Road Walthamstow London E17 8LA
Secretary Rev Angela McFarlane
Independent examiners Patsy Alexander ACMA MSC ACIE C/O -GoodtoGive Ltd
Bankers Barclays Bank PLC
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TRUSTEES' REPORT
FOR THE YEAR ENDED 5 APRIL 2022
The Board of Trustees, who are the trustees for charity law purposes, submit their annual report and the financial statements of Built on the rock for the year ended 5 April 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 3 Trustees are:
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Navlette McFarlane-Sawyer
-
Louis Reid
-
Leasa Toni Greaves
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:
Built on the rock is an unincorporated charitable organisation formed on 17 February 1998 and registered as a charity on 28 January 1999. The charity is governed by a declaration of trust dated 17 February 1998 and amended by a deed dated 5 December 2014.
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).
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.
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TRUSTEES' REPORT
FOR THE YEAR ENDED 5 APRIL 2022
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 relieve 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 has begun its charitable activities from April 2014.
The Charity currently aims to designate the total fund received less expenses for the main objective of the charity.
Activities carried out:
During the year we delivered the following initiatives:
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We partnered with Hornbeam Community Café & Environment Centre on a community feeding program;
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We facilitated the delivery of food and PPE supplies to members of the community that were less fortunate
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We provided a free Christmas luncheon for the homeless and members of the community experiencing hardship;
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We held a clothing drive for the homeless;
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We held a free summer family film club; and
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We provided school supplies to the children in the community.
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 help include 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:
- Selected suitable accounting policies and applied them consistently,
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lade jud8ments and estimalcs that are Te&wnable and prudeni. Stsicd whether applicabl¢ Kcounting stsndards havc bttn followe4 subiecl 10 any moterial d¢patfft disclosed and elplained in the fIn¢tal sthtements: and Prepared the fin¢11 stiem¢nts on A goin8 conc¢rn basis (unless il ij in•ppYopriate 10 presum¢ thal the Chriry will ¢ontinUC in op¢rnlion). The Board of TftteU h&$ oN'ernll rtsponsibility for ensurin8 thai the Charity •n Appn)priate system of control& financial and otheTwise. They are also teswnsible for keeping proper accounting records which disclLW wilh re&wnable accurncy ji any limc the financial posilion of lh¢ Charity and enable them lo ensure th•1 the fmwKiJl stsiem¢nts comply with the Ch•riiies Acl 1993. They also r¢5ponsibl¢ for safc8uardin8 the 4$5ets of th¢ Chanty and for takin8 Tt4son4ble ep$ for the d¢t¢¢lion and prevention of frnud #nd oth¢r 1rltsulIll¢& The &>•rd of Trustets are reSpo$1b[e for ihe m#intenance and iniegrity of the corKX)raie and financial infomAiton. tKBislalion in ihe Unilcd Kingdom Boi'emtng the preparniion and disscminalion of financial sutemen¢s may ditYeT from legislaiion in other Jurisdiciions. Staiemeni of di5closuR of inforniation to ind¢pendent examiner 'e. thc Truslccs of ih¢ Chariry who held otTiie 31 the dale of approval of thcsc fthancial s¢alem¢nts as set oul on pagc 2 cach confirni. so far as 'C are aware. thai: There is no rele%'•nl informa¢ion of which th¢ ChariWs ind¢pcnd¢nt cxamincr arc unaware: and wc hai'e ken all the %iep4 thai .¢ ought 10 hji'c iakcn &5 Tnjsiccs in order io mak'c ourselves aware of any relevani tnfomaiion and ro ¢>tsblish ihai thr Charity's indwndcnt examiner are aware of thai inforniaiion. IDdtpendeni Ex*mSner: Thc Charity'5 indcpcndcnl cxamincr. Patsy Alexander ilc Imèl I%lSC ACIE Clo Good io Give LTD. ha5 indicai their M'illin¢$) to ¢onlinue in olC¢ and otY¢r th¢msclYes for Jpp>intmeni. This report was approvLxI b). the TnL%iee< on and sign¢d on their behalf by: 51 Page
INDEPENDENT EXAMINER`S REPORT FOR THE YEAR ENDED 5 APRIL 2022
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BUILT ON THE ROCK
I report on the financial statements of the charity for the year ended 5 April 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:
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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
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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:
Dated: 20/12/2022
Patsy Alexander ACMA MSC
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STATEMENT OF FINANCIAL ACTIVITIES (Incorporating income and expenditure account) FOR THE YEAR ENDED 5 April 2022
----- Start of picture text -----
Unrestricted Restricted Total Funds Total Funds
2022 2022 2022 2021
Notes £ £ £ £
Incoming resources 2
General offerings 68,790 - 68,790 59,165
Gift Aid 8,078 - 8,078 1,727
Other Income - - -
Total Incoming resources 76,868 - 76,868 60,892
Resources expended 3
Direct charitable expenditure 146,377 - 146,377 151,481
Governance costs 1,820 - 1,820 1,820
Total Resources expended 148,197 - 148,197 153,301
Movement in total fund for the
year- Net income / (expenditure) (71,329) - (71,329) (92,409)
For the year
Net Gain /(Loss) on investment - - - -
Fund balance brought forward 3,072,354 - 3,072,354 3,164,763
Fund balance carried forward 3,001,025 - 3,001,025 3,072,354
----- End of picture text -----
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AS AI. S klprtl 21122 Niiic 2022 2021 FIIED ASSETS Tanqible aSSLIS CIIRRENT .4SSE.TS Debi(Irs Cash at bank 2,1162.D6N 2,(K)6,029 887.$11 890.fA)9 175.716 938,9$7 l.(K>O,325 CREDITORS.. , iounts falling due 1th1n one ET CURRENT .4SSETS 938.957 1,066,325 TOT.4L .4SSET LESS CURRENT LI.4BILITIES 3,001,025 3.072.354 YET .4SSETS 3.001.025 3,072.354 CIL4Rrri' FUNDS Unte5tricicd fijnds Restricted funds 3.Th14,927 3,072.354 TOTAL FUNDS 3,004.927 3.072.354 The financial statements were approved by the Trustecs on and signed on their behalf. by.. Dated: 112122 The notes on pages 9 to 13 forni part of ihese financial 51aiemenls
NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 5 APRIL 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 is 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.
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.
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NOTES TO THE FINANCIAL STATEMENT
FOR THE YEAR ENDED 5[TH] APRIL 2022
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.
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Office and musical equipment 20% on cost
Fixtures and fittings 20% on cost
2. VOLUNTARY INCOME
2022 2021
£ £
Donations from
68,790 59,165
individuals
Gift Aid 8,078 1,727
Other income - -
Total Income 76,868 60,892
----- End of picture text -----
3. TRUSTEES EXPENSES
There were no Trustee expenses paid for the year ended 5 April 2022 and none paid in 2021.
4. DEBTORS
| Amount falling due within one year: Prepayments & Other Debtors Amounts falling due after more than one year: Amount receivable on property sale |
2022 £ 27,511 860,000 887,511 |
|---|---|
5. CREDITORS
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2022
Amount falling due within one year: £
-
Taxation and social security
Total -
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Total
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NOTES TO THE FINANCIAL STATEMENT
FOR THE YEAR ENDED 5[TH] APRIL 2022
6. TANGIBLE FIXED ASSET
| Leasehold | Office & | Fixtures & | ||
|---|---|---|---|---|
| Property | Musical equipment |
Fittings | Total | |
| £ | £ | £ | £ | |
| COST | ||||
| At 6 April 2021 | 1,996,385 | 47,564 | 25,995 | 2,069,944 |
| Additions | - | - | 74,286 | 74,286 |
| Disposal | - | - | - | - |
| At 5 April 2022 | 1,996,385 | 47,564 | 100,281 | 2,144,230 |
| DEPRECIATION | ||||
| At 6 April 2021 | - | 44,066 | 22,056 | 66,162 |
| Charge for the year | - | 875 | 16,820 | 17,695 |
| At 5 April 2022 | - | 44,941 | 38,876 | 83,817 |
| NET BOOK | ||||
| VALUE | ||||
| At 5 April 2022 | 1,996,385 | 2,623 | 61,405 | 2,060,413 |
| At 5 April 2021 | 1,996,385 | 3,498 | 3,939 | 2,003,822 |
| Motor Vehicle | Computer | Total | ||
| Equipment | ||||
| £ | £ | £ | ||
| COST | ||||
| At 6 April 2021 | 4,400 | 14,020 | 18,420 | |
| Additions | - | 2,759 | 2,759 | |
| Disposal | - | - | - | |
| At 5 April 2022 | 4,400 | 16,779 | 21,179 | |
| DEPRECIATION | ||||
| At 6 April 2021 | 4,440 | 14,572 | 18,972 | |
| Charge for the year | - | 552 | 552 | |
| At 5 April 2022 | 4,400 | 15,124 | 19,524 | |
| NET BOOK | ||||
| VALUE | ||||
| At 5 April 2022 | - | 1,655 | 1,655 |
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At 5 April 2021 - 2,207 2,207
DETAILED PROFIT & LOSS ACCOUNT: YEAR ENDED 5 APRIL 2022
| INCOME & EXPENDITURE Donations and legacies General donations Gift Aid Investment income Investment Income Total incoming resources |
2022 £ 68,790 8,078 - 76,868 |
2021 £ 59,165 1,727 - 60,892 |
|---|---|---|
| EXPENDITURE: | ||
|---|---|---|
| Support costs: | 2022 | 2021 |
| £ | £ | |
| Wages | 51,415 | 51,415 |
| Water rates | 211 | 924 |
| Insurance | 2,556 | 3,909 |
| Light and heat | 8,870 | 8,540 |
| Telephone | 3,166 | 5,001 |
| Printing, postage and stationery | 3,707 | 1,954 |
| Advertising | 525 | 525 |
| Computer and internet | 2,135 | 2,186 |
| Equipment maintenance | 4,059 | 1,780 |
| Equipment leasing and hire | 8,589 | 8,714 |
| Repairs | 14,238 | 13,171 |
| Travelling and parking permits | 3,123 | 2,681 |
| Subsistence | 2,100 | 2,750 |
| Cleaning and waste disposal | 5,337 | 5,237 |
| Licenses | 159 | 155 |
| Subscriptions | 750 | 742 |
| Sundry expenses | 1,779 | 1,616 |
| Loan repayments | 13,620 | 33,573 |
| Carried forward | 126,339 | 144,873 |
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DETAILED PROFIT & LOSS ACCOUNT: YEAR ENDED 5 APRIL 2021
| Brought forward Secretarial services Finance Bank charges Other Depreciation of fixtures & fittings Depreciation of office and musical equipment Depreciation of motor vehicles Depreciation of computer equipment Governance costs Accountancy and payroll Legal fees Total resource expended Net expenditure before gains and losses Realised recognised gains and losses Realised gains/(losses) on investment property Net income/(expenditure) |
126,339 1,280 |
144,873 |
|---|---|---|
| 1,280 | ||
| 127,619 511 511 16,820 875 - 552 18,247 1,820 - |
132,402 1,178 |
|
| 1,178 | ||
| 1,963 875 760 552 |
||
| 4,150 | ||
| 1,820 - |
||
| 1,820 148,197 (71,329) 0 (71,329) |
1,820 | |
| 153,301 | ||
| (92,409) 0 |
||
| (92,409) |
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