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2022-06-30-accounts

REGISTERED COMPANY NUMBER: 04792839 (England and Wales) REGISTERED CHARITY NUMBER: 1099434

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

FOR

THE RHEMA MISSION

THE RHEMA MISSION

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7 to 12

THE RHEMA MISSION (REGISTERED NUMBER: 04792839) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

b) To relieve persons in Uganda who are in need, hardship and distress.

c) To promote education in accordance with the principals of the tenets of the christian faith by establishing and maintaining a Church, Bible School, Day School and Health Centre.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

FINANCIAL REVIEW Reserves policy

The Trustees have reviewed the Charity's needs for reserves in line with guidance issued by the Charity Commission.The Trustees meet on a quarterly basis. Income and Expenditure is monitored on a regular basis to ensure they are adequate for the Charity's needs.

General Overview of the year

The income of the charity amounted to £36,321 (2021 - £32,306) . Expenditure amounted to £38,093 (2021- £33,810).

Page 1

THE RHEMA MISSION (REGISTERED NUMBER: 04792839)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2022

FUTURE PLANS

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is constituted as a company, limited by guarantee and is therefore governed by a Memorandum and Articles of Association dated 9 June, 2003.

Recruitment and appointment of new trustees

The charity seeks the appointment of new Trustees from persons who share the same ethos seeking to identify those considered suitable to provide a balance of skills and strengths.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

04792839 (England and Wales)

Registered Charity number

1099434

Registered office

18 Heath Avenue Rode Heath STOKE-ON-TRENT ST7 3RY

Trustees Mr S King Mrs. A King Rev. D. Scoffins (deceased 25.10.21) Mrs. A Scoffins Mrs. A James Mrs J L Ashton Mr C S Ashton Mrs E Lin (appointed 4.9.22) Mr K Lin (appointed 4.9.22) Miss A Scoffins (appointed 4.9.22)

Company Secretary Mr S King

Independent Examiner Miss C. M. Tams F.C.A Smethurst & Co LLP 12 Abbey Road GRIMSBY DN32 0HL

PUBLIC BENEFIT

The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit and complied with section 17 (5) of the 2011 Charities Act when reviewing the aims and objectives prior to planning and developing activities.In particular, the Trustees consider how planned activities will contribute to the aims and objectives they have set.

TRUSTEES' RESPONSIBILITY STATEMENT

The trustees (who are also the directors of The Rhema Mission for the purposes of company law) 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).

Page 2

THE RHEMA MISSION (REGISTERED NUMBER: 04792839)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2022

TRUSTEES' RESPONSIBILITY STATEMENT - continued

Company law 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 27 March 2023 and signed on its behalf by:

Mr S King - Trustee

Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE RHEMA MISSION

Independent examiner's report to the trustees of The Rhema Mission ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2022.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Miss C. M. Tams F.C.A Smethurst & Co LLP 12 Abbey Road GRIMSBY DN32 0HL

27 March 2023

Page 4

THE RHEMA MISSION

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2022

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
32,059
EXPENDITURE ON
Charitable activities
Core
36,859
NET INCOME/(EXPENDITURE)
(4,800)
RECONCILIATION OF FUNDS
Total funds brought forward
166,436
TOTAL FUNDS CARRIED FORWARD
161,636
Restricted
funds
£
4,262
1,234
3,028
1,034
4,062
30.6.22
Total
funds
£
36,321
38,093
(1,772)
167,470
165,698
30.6.21
Total
funds
£
32,306
33,810
(1,504)
168,974
167,470

The notes form part of these financial statements

Page 5

THE RHEMA MISSION (REGISTERED NUMBER: 04792839)

BALANCE SHEET

30 JUNE 2022

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
7
145,469
CURRENT ASSETS
Debtors
8
1,400
Cash at bank
17,715
19,115
CREDITORS
Amounts falling due within one year
9
(2,948)
NET CURRENT ASSETS
16,167
TOTAL ASSETS LESS CURRENT LIABILITIES
161,636
NET ASSETS
161,636
FUNDS
12
Unrestricted funds
Restricted funds
TOTAL FUNDS
Restricted
funds
£
-
-
4,262
4,262
(200)
4,062
4,062
4,062
30.6.22
Total
funds
£
145,469
1,400
21,977
23,377
(3,148)
20,229
165,698
165,698
161,636
4,062
165,698
30.6.21
Total
funds
£
148,405
996
20,356
21,352
(2,287)
19,065
167,470
167,470
166,436
1,034
167,470

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 27 March 2023 and were signed on its behalf by:

Mr S King - Trustee

The notes form part of these financial statements

Page 6

THE RHEMA MISSION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 2% Straight Line
Plant and machinery - 25% Reducing Balance
Fixtures and fittings - 25% Reducing Balance
Computer equipment - 33% Straight Line

Included in freehold property is land of £50,000 which is not depreciated.

The cost of minor additions of less than £250 are not capitalised.

Taxation

The charity is exempt from corporation 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 within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. GRANTS PAYABLE

GRANTS PAYABLE
30.6.22 30.6.21
£ £
Core 197 514
The total grants paid to institutions during the year was as follows:
30.6.22 30.6.21
£ £
Other Institutions 140 120

Page 7

THE RHEMA MISSION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2022

2. GRANTS PAYABLE - continued

The total grants paid to individuals during the year was as follows:

The total grants paid to individuals during the year was as follows:
30.6.22 30.6.21
£ £
Other Individuals 57 394
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
30.6.22 30.6.21
£ £
Independent examiner fee 809 784
Depreciation - owned assets 2,936 2,976
Deficit on disposal of fixed assets - 90
TRUSTEES' REMUNERATION AND BENEFITS
30.6.22 30.6.21
£ £
Trustees' salaries 20,556 20,586

3. NET INCOME/(EXPENDITURE)

4. TRUSTEES' REMUNERATION AND BENEFITS

Trustees salaries relate to employment services provided by Mr. S and Mrs. A. King.

30.06.22 30.06.2021
£ £ £ £
S King A King Total Total
Trustees' salaries 10,278 10,278 20,556 20,586
10,278 10,278
Trustees' expenses
30.6.22 30.6.21
£ £
Trustees' expenses 2,573 1,666
Trustees expenses are reimbursements for employment related expenses to Mr S King.
STAFF COSTS
The average monthly number of employees during the year was as follows:
30.6.22 30.6.21
Core 2 2

5. STAFF COSTS

No employees received emoluments in excess of £60,000.

Page 8

THE RHEMA MISSION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2022

6.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
32,052
EXPENDITURE ON
Charitable activities
Core
33,590
NET INCOME/(EXPENDITURE)
(1,538)
RECONCILIATION OF FUNDS
Total funds brought forward
167,974
TOTAL FUNDS CARRIED FORWARD
166,436
7.
TANGIBLE FIXED ASSETS
Fixtures
Freehold
Plant and
and
property
machinery
fittings
£
£
£
COST
At 1 July 2021 and
30 June 2022
164,631
7,307
6,599
DEPRECIATION
At 1 July 2021
18,500
5,785
6,211
Charge for year
2,293
381
97
At 30 June 2022
20,793
6,166
6,308
NET BOOK VALUE
At 30 June 2022
143,838
1,141
291
At 30 June 2021
146,131
1,522
388
8.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
Restricted
funds
£
254
220
34
1,000
1,034
Computer
equipment
£
870
506
165
671
199
364
30.6.22
£
1,400
Total
funds
£
32,306
33,810
(1,504)
168,974
167,470
Totals
£
179,407
31,002
2,936
33,938
145,469
148,405
30.6.21
£
996

Page 9

THE RHEMA MISSION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2022

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Bank loans and overdrafts (see note 10)
Social security and other taxes
Other creditors
Trustees balances
10.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank overdrafts
11.
LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall
Within one year
Between one and five years
12.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Special Projects
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Special Projects
TOTAL FUNDS
due as follows:
At 1.7.21
£
166,436
1,034
167,470
Incoming
resources
£
32,059
4,262
36,321
30.6.22
30.6.21
£
£
200
-
24
44
730
702
2,194
1,541
3,148
2,287
30.6.22
30.6.21
£
£
200
-
30.6.22
30.6.21
£
£
432
432
432
864
864
1,296
Net
movement
At
in funds
30.6.22
£
£
(4,800)
161,636
3,028
4,062
(1,772)
165,698
Resources
Movement
expended
in funds
£
£
(36,859)
(4,800)
(1,234)
3,028
(38,093)
(1,772)

Page 10

THE RHEMA MISSION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2022

12. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

At 1.7.20
£
Unrestricted funds
General fund
167,974
Restricted funds
Special Projects
1,000
TOTAL FUNDS
168,974
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
32,052
Restricted funds
Special Projects
34
Donations
220
254
TOTAL FUNDS
32,306
Net
movement
At
in funds
30.6.21
£
£
(1,538)
166,436
34
1,034
(1,504)
167,470
Resources
Movement
expended
in funds
£
£
(33,590)
(1,538)
-
34
(220)
-
(220)
34
(33,810)
(1,504)
At
30.6.21
£
166,436
1,034
At
30.6.21
£
166,436
1,034
167,470
34
(1,504)

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.7.20 in funds 30.6.22
£ £ £
Unrestricted funds
General fund 167,974 (6,338) 161,636
Restricted funds
Special Projects 1,000 3,062 4,062
TOTAL FUNDS 168,974 (3,276) 165,698

Page 11

THE RHEMA MISSION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2022

12. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 64,111 (70,449) (6,338)
Restricted funds
Special Projects 4,296 (1,234) 3,062
Donations 220 (220) -
4,516 (1,454) 3,062
TOTAL FUNDS 68,627 (71,903) (3,276)

Restricted Funds

The Missions fund provides support in Uganda for Primary Schools & Church/Community Centres and generally relieve people in Uganda who are in need, hardship & distress.

The Building fund became the special projects fund during the year. It receives donations for the improvement of premises and for any special events for the local church, to be spent at the Trustees discretion. There was £4,062 in hand at the year end, which will be spent after 30.06.22.

13. RELATED PARTY DISCLOSURES

Amounts donated to The Rhema Mission during the year by trustees were £4,250 (2021 -£5,876).

Page 12