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RHEMA CHURCH MINISTRIES

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED

1[ST] JANUARY 2024

Charity Registration: 1086654

RHEMA CHURCH MINISTRIES LEGAL AND ADMINISTRATION DETAILS. YEAR ENDED 1[st ] JANUARY 2024

Trustees Bishop. E Copeland Mrs. S Copeland Miss. B Carter-Allen Mrs. R Bailey Correspondence Address 45D Crusoe Road Mitcham Surrey CR4 3LJ Principal Bankers Barclays Bank PLC Leicester LE87 2BB

RHEMA CHURCH MINISTRIES ANNUAL REPORT YEAR ENDED 1ST JANUARY 2024

The Board of Trustees have pleasure in presenting their report and the financial statements of the Charity for the year ended 1[st ] January 2024

INTRODUCTION

Rhema Church Ministries is a registered Charity (No. 1086654).

OBJECTS

The main objects of the Church are:

A) To advance the Christian faith in accordance with the statement of beliefs appearing in the schedule hereto and by such means as are charitable to further the religious and other charitable works of the church in the united kingdom or elsewhere as the trustees may from time to time think fit.

(b) To advance education in accordance with Christian principles by such means as the trustees of the church may from time to time think fit including by means of establishing and operating any educational establishments in the United Kingdom and elsewhere.

(c) To promote and fulfill such other purposes beneficial to the community in the areas where the church may from time to time be operating in the United Kingdom or elsewhere as the trustees may from time to time think fit.

GOVERNMENT

The Board of Trustees and have control of the charity and its funds.

FINANCES

Income and expenditure during the year amounted to £26,959 & £22,198 respectively.

The attached financial statements show the current state of the church’s finances.

The Church’s bankers are Barclay Plc, Leicester, LE87 2BB.

RHEMA CHURCH MINISTRIES YEAR ENDED 1ST JANUARY 2024

BOARD OF TRUSTEES RESPONSIBILITIES

The Board of Trustees are required to prepare a statement of accounts for each financial year that give a true and fair view of the state of affairs of the charity at the end of the financial year and of the income resources and application of resources in the year. In preparing the statement, the Board of Trustees are required to:

Select suitable accounting policies and apply them consistently.
Make judgments and estimates that are reasonable and prudent
State whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the statement of accounts
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the ‘Charity’ will continue its operations. The Board of Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the ‘Charity’ at that time and to enable the Board of Trustees to ensure that any statement of account prepared by them complies with the regulations. They are also responsible for safeguarding the assets of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

RHEMA CHURCH MINISTRIES DRAFT INDEPENDENT REVIEW YEAR ENDED 1ST JANUARY 2024

Independent review on the Accounts

I review the accounts for the charity for the year ended 1[st] January 2024 which is set out on the following pages.

This review is made solely to the Board of Trustees of Rhema Church Ministries as a body. My review has been undertaken so that I might state to the Board of Trustees, those matters I am required to state to them in a review 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 Board of Trustees as a body for my review, for this report or for the opinions I have formed.

RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES

As the Board of Trustees you are responsible for the preparation of the financial statements.

BASIS OF INDEPENDENT REPORT.

An review includes a review of the accounting records kept by the 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 any explanations from you as the Board of Trustees, concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion or the view given by the accounts.

Independent statement

In connection with my review, no matter has come to my attention:

Which gives me reasonable cause to believe that in any material respect the requirements
to keep accounting records; and
to prepare accounts which accord with the accounting records and to comply with the accounting requirements have not been met; or
To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Thompson & Co. Independent Examiner 336-338 London Road

Mitcham Surrey CR4 3UD


Rhema Church Ministries
Statement of Financial Activities
For The Year Ended 1st January 2024
					2024		*2023*
	Unrestricted		Restricted		Total		*Total*
Incoming Resources Note		£		£		£	£
*Receipts*

DonationsforGAD		2,868				2,868
Donations		30				30	10
Tithes		9,235				9,235	17,038
Mission Offering		60				60	20
Other income		263				263	4,040
InterestReceived		93				93	10
BuildingFund		10				10
Togetherness Centre				14,400		14,400

Total Incoming Resources		12,559		14,400		26,959	21,118

Resources Expended
*Expenditure*
Charitable activities in furtherance of objectives
Grants and Donations							100

							100
Support Costs
TV Licence		159				159	159
Water,Light andHeat		4,340				4,340	5,881
Insurance		559				559	572
Travel& Subsistence		185				185	0
Telephone & Broadband		972				972	1,150
The Togetherness Centre				12,000		12,000	11,199

		6,215		12,000		18,215	18,960
Management & Administration
Accountancy		395				395
Maintenance &Repair		672				672
Membership and Subscription		556				556	479
Legal - Health& Safety		399				399	783
Legal & Professional fees		168				168	691
Catering andHospitality		293				293	69
TrusteeAllowances		1,500				1,500	1,800

		3,983		-		3,983	3,822

Total Resources Expended		10,198		12,000		22,198	22,882

Net incomings / (outgoing) resources		2,361		2,400		4,761	-1,764
for the year.
Fund Balances, 2nd January 2023		29,816		11,608		41,424

Fund Balances, 1st January 2024		32,177		14,008		46,185


We approve these accounts and confirmthatwe	havemade available all records and
information necessaryfortheirpreparation.


………………………………………………….

Bishop. E Copeland
Forand onbehalfoftheBoard of Trustees

RHEMA CHURCH MINISTRIES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 1ST JANUARY 2024

ACCOUNTING POLICIES

1. Basis of accounting

The financial statements have been prepared under the historical cost convention. and in accordance with applicable accounting standards and Statement of Recommended Practice.

2. Fund accounting

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the objectives of the charity. Restricted funds are subjected to restrictions on their expenditure imposed by the donor.

3. Donations

Donated income is recognised on a received basis.

4. Related Party Transactions with Trustees

In according with the trust deeds, remuneration of £1,500 was paid to Bishop Copeland a Trustee. Trustees were reimbursed expenses incurred on behalf of the Charity in furtherance of the Charity’s objectives.

2024-01-01-accounts