Registered Charity No - 1073618
Built on the Rock International Ministries
Trustees’ Report and Accounts 5 April 2024
| 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 2024
Trustees
- Mrs Navlette McFarlane Sawyer 2. Mr Louis Reid 3. Miss Lesa Toni Greaves 4. Miss Vanessa Brown (Appointed March 2023)
Charity registered Number 1073618
Date of charitable registration 28 January 1999
Principal office 140 Boundary Road Walthamstow London E17 8LA
Secretary Mrs Valerie Marche
Independent examiners Carol Williams MAAT Bankers Barclays Bank PLC
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TRUSTEES' REPORT
FOR THE YEAR ENDED 5 APRIL 2024
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 International Ministries for the year ended 5 April 2024. The Board of Trustees confirm 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.
Structure, governance and management
The 4 Trustees are:
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Mrs Navlette McFarlane Sawyer
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Mr Louis Reid
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Miss Lesa Toni Greaves
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Miss Vanessa Brown
Governing document:
Built On the Rock International Ministries 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.
Public Benefit:
The trustees are of the opinion that they have complied with the duty in Section 4 of the Charities Act 2011 with regard to public benefit guidance published by the Charity Commission.
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TRUSTEES' REPORT
FOR THE YEAR ENDED 5 APRIL 2024
Objectives and activities:
The charity’s mission is to collaborate with individuals, empowering them to realise their potential by being guided by spiritual and life values. In doing so, the charity aims to create a positive impact on both their local and global community.
The charity’s objectives are:
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To advance the teachings and principles of the Christian faith.
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To provide assistance to individuals facing situations of necessity, difficulty or those who are elderly or unwell.
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To alleviate suffering associated with such circumstances.
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To actively encourage and support charitable initiatives that contribute to the well-being of communities in London and across the wider United Kingdom
Activities and Achievements
Throughout the past year, we have carried out various community-based initiatives, including:
1. Community Outreach & Support
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Providing food, clothing, and essential supplies to those experiencing hardship.
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Hosting an Annual Love Day and Christmas Luncheon for the homeless and vulnerable members of the community.
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Distributing school supplies to children and youth.
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Partnering with The Hornbeam Community Café & Environment Centre to support the homeless and Ukrainian refugees.
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Conducting hospital, hospice, nursing home, and prison visits to offer support and companionship.
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Holding a Macmillan Coffee Morning , raising £700 for cancer support.
2. Health & Well-being
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Organising an Annual Exercise & Prayer Walk to promote physical and spiritual wellness.
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Running a Dominoes Club to encourage social interaction and mental stimulation.
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Providing PPE to clinically vulnerable individuals in the community.
3. Educational & Skills Development
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Running arts & crafts workshops in partnership with LBWF.
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Hosting free community film nights for Easter, Black History Month, and Christmas.
4. Community Fellowship & Special Events
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Holding an Annual Family & Friends Picnic/Sports Day to strengthen community ties.
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Organising a Black History Celebration to promote cultural awareness.
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Providing a Community Living Room in partnership with LBWF, offering a warm space and a hot meal during the winter months.
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Recognising contributions through an Appreciation Ceremony for church and community members.
5. Religious & Pastoral Services
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Conducting christenings, weddings, baptisms, and funerals .
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Providing house blessings and spiritual support.
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Running The Rock Kids Crew and Youth Group , supporting children’s spiritual and personal growth.
Financial review:
The largest contribution to the charity for the year came from general offerings.
The Charity has set up a designated building fund and will participate in fund raising activities to raise sufficient funds required for building repairs.
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Plans for future periods:
To expand our impact, we plan to introduce and enhance several initiatives across three key areas:
1. Community Support & Development
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Launch of a Daycare (February 2025) – In partnership with Victoria’s Childcare , offering a safe environment for young children.
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Expansion of after-school tutoring – Reaching more students in need of academic support.
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Introduction of Girl Guides and Boy Scouts groups – Encouraging leadership and skill development among young people.
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Growth of food distribution efforts – Strengthening partnerships to provide more meals and essentials.
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Conducting sign language and self-defence classes to promote inclusivity and personal safety.
2. Health & Well-being Initiatives
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Collaboration with Slimmer’s World – Supporting weight management and promoting healthier lifestyles.
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Organisation of a Health Fair – Providing access to medical resources and wellness support.
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Expansion of exercise classes – Encouraging physical well-being within the community.
3. Community Engagement & Events
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Increasing the frequency of community activities – Offering more opportunities for social interaction.
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Introducing additional community engagement events – Including workshops, panel discussions, and social gatherings.
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Developing new fundraising initiatives – Ensuring sustainability and growth for our charitable activities.
Through these future plans, we remain committed to serving our community by fostering well-being, inclusivity, and spiritual growth. We look forward to another year of impactful work and meaningful engagement.
Trustees' Responsibilities Statement
The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
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TRUSTEES' REPORT
FOR THE YEAR ENDED 5 APRIL 2024
The law applicable to charities in England and Wales 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 of the charity for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP 2019(FRS 102);
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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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 operation.
The trustees are responsible for keeping proper accounting records that 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 2011, the Charities (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.
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:
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There is no relevant information of which the Charity's independent examiner are unaware; and we have
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taken all the steps that we ought to have taken as Trustees in order to make ourselves aware of any relevant information and to establish that the charity's independent examiner are aware of that information.
Independent Examiner:
The Charity's independent examiner, Carol Williams MAAT, (Accountant).
This report was approved on 27[th] January 2025 by the Trustees on and signed on their behalf by:
………………………
Navlette McFarlane-Sawyer
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INDEPENDENT EXAMINER`S REPORT FOR THE YEAR ENDED 5 APRIL 2024
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 2024 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
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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.
Carol Williams
Dated: 27[th] January 2025
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STATEMENT OF FINANCIAL ACTIVITIES (Incorporating income and expenditure account) FOR THE YEAR ENDED 5 April 2024
| Unrestricted Restricted Total Funds Total Funds 2024 2024 2024 2023 Notes £ £ £ £ Incoming resources 2 General offerings 101,445 1,000 102,445 61,824 Gift Aid 10,790 - 10,790 7,383 Other Income - - - Total Incoming resources 112,235 1,000 113,235 69,207 Resources expended 3 Direct charitable expenditure 104,806 - 104,806 132,717 Debtors write off 887,511 Governance costs 2,760 - 2,760 1,200 Total Resources expended 107,566 - 107,566 1,021,428 Movement in total fund for the year- Net income / (expenditure) For the year 4,669 1,000 5,669 (952,221) Net Gain /(Loss) on investment - - - - Fund balance brought forward 2,048,014 790 2,048,804 3,001,025 Fund balance carried forward 2,039,198 1,000 2,040,198 2,048,014 |
Unrestricted Restricted Total Funds Total Funds 2024 2024 2024 2023 Notes £ £ £ £ Incoming resources 2 General offerings 101,445 1,000 102,445 61,824 Gift Aid 10,790 - 10,790 7,383 Other Income - - - Total Incoming resources 112,235 1,000 113,235 69,207 Resources expended 3 Direct charitable expenditure 104,806 - 104,806 132,717 Debtors write off 887,511 Governance costs 2,760 - 2,760 1,200 Total Resources expended 107,566 - 107,566 1,021,428 Movement in total fund for the year- Net income / (expenditure) For the year 4,669 1,000 5,669 (952,221) Net Gain /(Loss) on investment - - - - Fund balance brought forward 2,048,014 790 2,048,804 3,001,025 Fund balance carried forward 2,039,198 1,000 2,040,198 2,048,014 |
Unrestricted Restricted Total Funds Total Funds 2024 2024 2024 2023 Notes £ £ £ £ Incoming resources 2 General offerings 101,445 1,000 102,445 61,824 Gift Aid 10,790 - 10,790 7,383 Other Income - - - Total Incoming resources 112,235 1,000 113,235 69,207 Resources expended 3 Direct charitable expenditure 104,806 - 104,806 132,717 Debtors write off 887,511 Governance costs 2,760 - 2,760 1,200 Total Resources expended 107,566 - 107,566 1,021,428 Movement in total fund for the year- Net income / (expenditure) For the year 4,669 1,000 5,669 (952,221) Net Gain /(Loss) on investment - - - - Fund balance brought forward 2,048,014 790 2,048,804 3,001,025 Fund balance carried forward 2,039,198 1,000 2,040,198 2,048,014 |
|---|---|---|
| Notes Incoming resources 2 General offerings Gift Aid Other Income Total Incoming resources Resources expended 3 Direct charitable expenditure Debtors write off Governance costs Total Resources expended Movement in total fund for the year- Net income / (expenditure) For the year Net Gain /(Loss) on investment Fund balance brought forward Fund balance carried forward |
Unrestricted Restricted Total Funds Total Funds 2024 2024 2024 2023 £ £ £ £ 101,445 1,000 102,445 61,824 10,790 - 10,790 7,383 - - - |
|
| 112,235 1,000 113,235 69,207 |
||
| 104,806 - 104,806 132,717 887,511 2,760 - 2,760 1,200 |
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| 107,566 - 107,566 1,021,428 |
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| 4,669 1,000 5,669 (952,221) - - - - 2,048,014 790 2,048,804 3,001,025 2,039,198 1,000 2,040,198 2,048,014 |
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BALANCE SHEET
AS AT 5 April 2024
----- Start of picture text -----
2024 2023
Note £ £ £ £
FIXED ASSETS
Tangible assets 2,025,081 2,043,821
CURRENT ASSETS
Debtors - 887,511
Cash at bank 17,877 51,446
17,877 938,957
CREDITORS: amounts falling due within one
2,760 -
year
NET CURRENT ASSETS 15,117 4,983
TOTAL ASSET LESS CURRENT
LIABILITIES 2,040,198 2,048,804
NET ASSETS 2,040,198 2,048,804
CHARITY FUNDS
Unrestricted funds 2,039,198 2,048,014
Restricted funds 1,000 790
Designated fund
TOTAL FUNDS 2,040,198 2,048,804
----- End of picture text -----
The financial statements were approved on 27[th] January 2025 by the Trustees on and signed on their behalf, by:
………………………
Navlette McFarlane-Sawyer
The notes on pages 9 to 13 form part of these financial statements
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NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 5 APRIL 2023
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 2024
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.
Office and musical equipment 20% on cost Fixtures and fittings 20% on cost
2. VOLUNTARY INCOME
----- Start of picture text -----
2024 2023
£ £
Donations from
101,445 61,824
individuals
Gift Aid 10,790 7,383
Other income - -
Total Income 113,235 69,207
----- End of picture text -----
3. TRUSTEES REMUNERATION & EXPENSES
Mrs Navlette McFarlane Sawyer was employed as Pastor of the church and paid £21,588 for the year ended 5 April 2024 (2023: £21,588)
4. DEBTORS
| Amount falling due within one year: Prepayments & Other Debtors Amounts falling due after more than one year: Amount receivable on property sale |
2024 £ - - - |
2023 £ 27,511 860,000 |
|---|---|---|
| 887,511 |
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NOTES TO THE FINANCIAL STATEMENT
FOR THE YEAR ENDED 5[TH] APRIL 2024
5. CREDITORS
Amount falling due within one year: Accruals Total
| 2024 £ 2,760 2,760 |
2023 £ 1,200 |
|---|---|
| 1,200 |
6. TANGIBLE FIXED ASSET
| Leasehold Property |
Office & Musical equipment |
Fixtures & Fittings |
Computer Equipment |
Total | |
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| COST | |||||
| At 6 April 2023 | 1,996,385 | 47,564 | 100,281 | 16,779 | 2,161,009 |
| Additions | - | - | 1,000 | - | 1,000 |
| Disposal | - | 493 | - | - | 493 |
| At 5 April 2024 | 1,996,385 | 47,071 | 101,281 | 16,779 | 2,161,516 |
| DEPRECIATION | |||||
| At 6 April 2023 | - | 45,816 | 55,696 | 15,676 | 117,188 |
| Charge for the year | - | 875 | 17,020 | 552 | 18,447 |
| At 5 April 2024 | - | 46,691 | 72,717 | 16,228 | 135,635 |
| NET BOOK VALUE | |||||
| At 5 April 2024 | 1,996,385 | 380 | 28,564 | 551 | 2,025,881 |
| At 5 April 2023 | 1,996,385 | 1,748 | 44,585 | 1,103 | 2,043,821 |
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DETAILED INCOME & EXPENDITURE: FOR THE YEAR ENDED 5 APRIL 2024
| INCOME Donations and legacies General donations Gift Aid Total incoming resources EXPENDITURE: Support costs: Wages Pension Water rates Insurance Light and heat Telephone Printing, postage and stationery Advertising Computer and internet Equipment maintenance Equipment leasing and hire Repairs Musicians Travelling and parking permits Subsistence Cleaning and waste disposal Licenses Subscriptions Sundry expenses Loan repayments HR & Secretarial services Finance Bank charges |
2024 £ 101,445 10,790 113,235 26,638 2,433 663 3,006 5,465 238 3,875 - 463 1,480 384 7,738 20,700 60 6330 159 1,597 1,118 5,493 86,359 |
2023 £ 68,790 8,078 |
|---|---|---|
| 76,868 | ||
47,111 6,540 209 2,995 5,041 2,460 3,204 - 1,224 1,480 4,441 4,247 13,295 231 6,360 7,697 159 319 998 3,283 111,924 511 511 |
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DETAILED INCOME & EXPENDITURE (Continued) FOR THE YEAR ENDED 5 APRIL 2024
| Other Depreciation of fixtures & fittings Depreciation of office and musical equipment Depreciation of computer equipment Governance costs Accountancy and payroll Legal fees Total resource expended Net income/(expenditure) |
17,020 875 552 18,447 840 1,920 2,760 107,566 5,669 |
16,820 875 552 |
|---|---|---|
| 18,247 1,200 2,399 |
||
| 3,599 133,917 |
||
| -92,409 |
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