## REVIVAL CHAPEL INTERNATIONAL ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st] MARCH 2022 Charity Number 1123958 ## REVIVAL CHAPEL INTERNATIONAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st] MARCH 2022 |Contents|| |---|---| ||PAGES| |Report of the Trustees|1-3| |Independent examiner’s report to the Trustees|4| |Statement of Financial Activities|5| |Balance sheet|6| |Notes to the financial statements|7-9| 1 ## REVIVAL CHAPEL INTERNATIONAL ## TRUSTEES’ ANNUAL REPORT The Trustees are pleased to present their annual report for the year ended 31[st] March 2022 together with the financial statements for that period. ## **REFERENCE AND ADMINISTRATION DETAILS** ## **Working name** Revival Chapel International ## **Charity’s principal address:** 8 Nursery Gardens Welwyn Garden City AL7 1SF ## **Trustees** Pastor Lloyd Manyangadze Pastor Clara Manyangadze ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** The charity is governed by its Trust Deed dated 28[th] November 2007 and its objects are to advance the Christian faith in accordance with the statement of beliefs, to relieve sickness and financial hardship, to advance education and for the benefit of the public. Trustees are selected for their experience and skills required of the Board at each stage. The Board is authorised to appoint new trustees to fill vacancies arising through resignation or death of an existing trustee. ## **OBJECTIVES AND ACTIVITIES** The objective of the charity is to advance the Christian faith (in accordance with the statement of beliefs) in such ways and in such parts of the United Kingdom or the world as the trustees from time to time may think fit; to relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind, including through the provision of counselling and support and to advance education in such ways and in such parts of the United Kingdom or the world as the trustees from time to time may think fit. The trustees have had regard to the guidance issued by the Charity Commission on public benefit. 2 ## REVIVAL CHAPEL INTERNATIONAL ## TRUSTEES’ ANNUAL REPORT - continued ## **ACHIEVEMENTS AND PERFORMANCE** This Financial year was difficult due the fact that the church was operating hybrid. Platforms like Facebook and zoom were the ones we most used. This has meant that our media costs have gone high. We have also seen a reduction in tithes and offerings due to economy hardships. This has meant that our income has gone down as all our income comes from tithes and offerings of church members. There have not been any missions abroad in this financial year. Our media costs will remain high this year as we will be continuing streaming on the media sites. There is no active plan to visit our branches abroad, but it remains on the agenda when we are now able to do so financially. 3 ## REVIVAL CHAPEL INTERNATIONAL ## TRUSTEES’ ANNUAL REPORT - continued ## **FINANCIAL REVIEW** The trustees are working hard to re-build the reserves which have been depleted due in part to the unprecedented pandemic. ## **DECLARATION** The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees: _Lloyd Manyangadze_ Date: 31[st] October 2022 4 ## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF REVIVAL CHAPEL INTERNATIONAL** I report on the accounts of the charity (charity number 1123958) for the year ended 31[st] March 2022 which are set out on pages 5 to 9. ## **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 Charities Act) and that an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the Charities Act, - 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 - to state whether particular matters have come to my attention. ## **BASIS OF THE INDEPENDENT EXAMINER’S STATEMENT** My examination was carried out in accordance with general Directions given by the Charity Commission. An examination 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 explanations from the 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 which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 130 of the Charities Act, to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act 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. ## _Roger Storey_ Roger P B Storey FCMA 26 Cherry Orchard Road, Bromley, Kent, BR2 8NE Date: 5 ## REVIVAL CHAPEL INTERNATIONAL ## STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31[st] MARCH 2022 |Notes
**Income from:**
Tithes and offerings
Income tax recoverable
1
**Expenditure on:**
Charitable activities
2
Management and
Administration
**Net income and net movement**
**in funds**
Total funds brought forward
Total funds/(deficit) carried
forward|Unrestricted
Funds
Restricted
Funds
£
£
41,876
0
7,785
0|2022
Total
Funds
£
41,876
7,785|2021
Total
Funds
£
51,583
9,471| |---|---|---|---| ||49,661
0|49,661|61,054| ||61,050
1,452|61,050
1,452|54,062
0| ||62,501
0|62,501|54,062| ||**(12,840)**
**0**
**(12,840)**||**6,992**| ||5,522
0
5,522
**(7,318)**
**0**
**(7,318)**||1,470
**5,522**| The notes to the accounts form part of these financial statements 6 ## REVIVAL CHAPEL INTERNATIONAL ## BALANCE SHEET AT 31[st] MARCH 2022 |2022
Notes
£
**Current assets**
Debtors and accrued income
2,395
Cash at bank and in hand
535
2,930
**Current liabilities**
Taxation and social security
57
Net wages unpaid
8,739
Other creditors and accruals
1,452
10,248
**Net current assets**
(7,318)
**(7,138)**
**Funds**
Unrestricted funds/(deficit)
5,522
Restricted funds/(deficit)
(12,840)
**(7,318)**
Approved by the trustees on 31stOctober 2022|2021
£
7,103
9,622
16,725
(61)
7,721
3,543
11,203
5,522
**5,522**
(1,471)
6,992
**5,522**|2021
£
7,103
9,622
16,725
(61)
7,721
3,543
11,203
5,522
**5,522**
(1,471)
6,992
**5,522**| |---|---|---| |||| |||16,725
(61)
7,721
3,543| |||11,203
5,522| |||**5,522**| |||(1,471)
6,992
**5,522**| _Lloyd Manyangadze_ Pastor Lloyd Manyangadze 7 ## REVIVAL CHAPEL INTERNATIONAL ## NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31[st] MARCH 2022 ## **1 Accounting Policies** ## 1.1 Basis of Preparation of Financial Statements The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 ## 1.2 Income recognition All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. ## 1.3 Expenditure recognition 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 settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings. 1.4 Unrestricted funds Unrestricted funds can be used in accordance with the charitable objects at the discretion of the Trustees; restricted funds are subject to restrictions imposed by the donor. 8 ## REVIVAL CHAPEL INTERNATIONAL ## NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31[st] MARCH 2022 |2
**Expenditure analysis**
Staff salary
Rent and hire of church premises
Musicians expenses
Insurance
Bank charges
Advertising and Facebook costs
Printing, post, stationery, computer expenses
Heat and Light Expenses
Telephone
Computer expenses
Other charitable expenditure
Church equipment
Accountancy and independent examiner fees||2022
£
10,475
24,837
5,776
365
87
7,469
150
5,488
541
1711
2,909
1,239
1,454|2021
£
6,000
21,600
4,197
348
72
8,445
266
3,397
579
1,185
4,988
946
2,038| |---|---|---|---| |||62,501|54,061| 9 ## REVIVAL CHAPEL INTERNATIONAL ## NOTES TO THE FINANCIAL STATEMENTS - continued ## **8 Taxation** The charity’s activities fall within the exemptions afforded by the provisions of the Income and Corporation Taxes Act 1988. Accordingly there is no taxation charge in these accounts. ## **9 Trustees’ Remuneration and Transactions with related parties** No employees received total employee benefits - excluding employer pension’s costs - of more than £60,000. Pastor Lloyd Manyangadze was paid a salary of £10,475 in the year (2021 £6,000) No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year. ## **10 Number of employees** The average monthly number of employees during the year was 1 (2021 1).