RESURRECTION POWER AND LIVING BREAD MINISTRIES BIRMINGHAM
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 18[TH] APRIL 2021
CHARITY NUMBER: 1124402
RESURRECTION POWER AND LIVING BREAD MINISTRIES BIRMINGHAM 10 JOHN STREET SWAN VILLAGE WEST BROMWICH WEST MIDLANDS B70 OAB
INDEX Page Index 1 Trustee’s Report 2-3 Independent Examiner’s Report 4 Statement of Financial Activities 5 Balance Sheet 6 Notes on the financial Statements 7 - 10
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RESURRECTION POWER AND LIVING BREAD MINISTRIES BIRMINGHAM TRUSTEES’ REPORT YEAR ENDED 18[th] April 2021
The trustees are pleased to present their report for the year ended 18[th] April 2021 for the charity, Resurrection Power and Living bread Ministries Birmingham with Charity Number 1124402.
The Trustees of the charity are: Mr Domfeh Gyeabour, Ms Florence Eshun Ms Augustine Appiah, Mr Kofi Brobbey Frimpong Ms Liticia Mary Abankwa , Mr Frank Gyau Rt Rev Akwasi Asare Bediako
The principal address of the charity is: 10 John Street Swan Village West Bromwich B70 0AB
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity governing document is a declaration of trust that was adopted on 18[th] April 2008.The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.
OBJECTIVES AND ACTIVITIES
The Objects of the organisation are to advance the Christian Religion [in accordance with the Statement of faith] throughout the world as the trustees may see fit from time to time. The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.
ACHIEVMENTS AND PERFORMANCE
The Organisation continues to hold successful church services through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. The church continues to hold several conferences during the financial year which helped the community in raising an awareness for the Christian faith. The church continues to support missionary work in Ghana and its branch church in Leeds. The charity held online services during the pandemic for some months during the financial year.
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FINANCIAL REVIEW
The income of the charity is above £100,000. This is a good amount, though a lesser amount than the previous year. The costs have been managed over this period. The charity is still in a good position to develop its objectives in the community. The charity has a long term mortgage on the building it operates from. The charity is a going concern.
RESERVE POLICY
It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure. This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to maintain this level throughout the year.
RISK MANAGEMENT
The charity have assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.
TRUSTEE RESPONSIBILITIES
Under the Charities Act 2011, the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:
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Select suitable accounting policies and apply them consistently.
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Make judgements and estimates that are reasonable and prudent.
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State whether the applicable accounting standards have been followed.
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Prepare financial statements on an ongoing basis.
They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.
Approved by the Trustees on 6[th ] August 2021 and signed on their behalf by:
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Independent Examiner’s Report To the Trustees
RESURRECTION POWER AND LIVING BREAD MINISTRIES BIRMINGHAM
I report on the accounts of the church for the year ended 18[th] April 2021 set out on the following pages which have been prepared on the basis of the accounting policies shown in the corresponding pages.
Respective responsibilities of trustees and examiner
The trustees of the church are responsible for the preparation of accounts: they consider that the audit requirement under section 144(2) of the Charities Act 2011 (the 2011 Act),does not apply. It is my responsibility to :
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Examine the accounts under section 145 of the 2011 Act.
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Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 145(5)(b) of the 2011 Act.
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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 church 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 I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In the course of 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 aspect, the trustees have not met the requirements to ensure that:
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proper accounting records are kept( in accordance with section 130 of the 2011 Act
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accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 2011 Act: or
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(2) to which , in my opinion , attention should be drawn in order to enable a proper understanding of the accounts to be reached.
CHUKS AJUKA BSc(Man), FICB PMDip FRESH FIRE ORGANISATION 95 Miles Road Mitcham Surrey CR4 3FH
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RESURRECTION POWER AND LIVING BREAD MINISTRIES BIRMINGHAM
Statement of Financial Activities for the year ended 18th April 2021
| Unrestricted | Unrestricted | Total Funds | ||
|---|---|---|---|---|
| Funds | 2021 | 2020 | ||
| Incoming ResourcesNote | £ | £ | ||
| from generated funds | ||||
| Donations & Legacies | 2 | 84946 | 84946 | 123950 |
| Investment income | 3 | 0 | 0 | 0 |
| 84946 | 84946 | 123950 | ||
| Other Income | ||||
| Other | 0 | 0 | 25027 | |
| Total Incoming | 84946 | 84946 | 148977 | |
| Resources | ||||
| Resources Expended | ||||
| Charitable activities in furtherance of objectives | ||||
| Charitable Activities | 6 | 62,762 | 62,762 | 115545 |
| Other | 4 | 10120 | 10120 | 12319 |
| _______ | ||||
| Total Resources | 72,882 | 72,882 | 127864 | |
| Expended | _______ | |||
| Net movement in funds | 12,064 | 12,064 | 21113 | |
| Reconciliation of Funds | ||||
| Total Funds brought forward | 259180 | 259180 | 238067 | |
| Total Funds carried forward | 271,244 | 271,244 | 259180 |
The above funds are all classed as to purpose All movements of funds and all recognised gains and losses are included above.
The notes on the accounts form part of these accounts.
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RESURRECTION POWER AND LIVING BREAD MINISTRIES BIRMINGHAM Balance Sheet as at 18th APRIL 2021
| £ Note 2021 Fixed Assets £ Tangible fixed assets 5 397537 _ 397537 _ Current Assets Cash at bank and 34335 in hand Debtors & prepayments 9 20133 54468 Creditors:amounts falling due within one year Creditors & accruals 8 900 _ Net Current Assets 53568 _ Creditors:amounts falling due after one year 10 179861 Net Assets 271244 Unrestricted Funds General Fund 271244 _ TOTAL FUNDS 271244 _ |
£ 2020 400180 |
|---|---|
| ___ 400180 |
|
| ___ 31462 17638 |
|
| 49100 900 |
|
| ___ 48200 |
|
| ___ 189200 |
|
| 259180 | |
| 259180 |
|
| _ 259180 _ |
Approved by the trustees on 9th August 2021 and signed on their behalf:
The notes on these accounts form part of these accounts
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RESURRECTION POWER AND LIVING BREAD MINISTRIES BIRMINGHAM NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 18[TH] APRIL 2021
1) Accounting Policies These accounts have been prepared under the historic cost convention with items Recognised at cost or transaction values otherwise stated in the relevant note(s) to These accounts. The accounts 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 (FRS102) issued on 16 July 2014.
- 1.1 Going Concern: The accounts are prepared on a going concern basis.
1.2 The accounts present a true and fair view and no change have been made to the accounting policies adopted.
1.3 No changes to the accounting estimates have occurred in the reporting period
1.5 No material prior year error have been identified in the reporting period.
Recognition of Income
These are included in the Statement of Financial Activities (SOFA) when:
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The charity becomes entitled to resources;
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It is more likely than not that the trustees will receive the resources;
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The monetary value can be measured with sufficient reliability.
Grants and Donations
Grants and Donations are only included in the SOFA when the general income recognition criteria are met (5.10 to 512 FRS102 SORP)
.
Tax reclaim on donations and gifts
Gift Aid receivable is included in the income when there is a valid declaration from the donor. Any gift aid amount recovered on a donation is considered to be part of that gift and is treated in addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
EXPENDITURE AND LIABILITIES
Liability Recognition
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
Grants and Support Costs
Support costs have been allocated between the governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
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RESURRECTION POWER AND LIVING BREAD MINISTRIES BIRMINGHAM NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 18[TH] APRIL 2021
Creditors
The charity has creditors which are measured at settlement amounts less any trade discounts.
ASSETS
Tangible Fixed Assets for use by the charity
They are capitalised if they can be used for more than one year. They are valued at cost. The depreciation is calculated at 20% reducing balance method.
Debtors
Debtors are measured on initial recognition at settlement amount. Subsequently they are measured at cash.
.
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RESURRECTION POWER AND LIVING BREAD MINISTRIES BIRMINGHAM Notes to the accounts for year ended 18th April 2021
2 Voluntary Income
| Church collections Tithes & Offerings Harvest Thanksgiving Other donations Total Other Income Gift Aid Insurance 3 Investment income Bank Interest 4 Other Missions Charity giving Donations<£1000 5 Tangible Fixed Assets Cost At 18/04/2020 Additions Disposals At 18/04/2021 Depreciation At 18/04/2020 charge for the year Disposals At 18/04/2021 NBV 18/04/21 NBV 18/04/20 |
Unrestricted Total funds Funds 2021 2020 £ £ 78246 78246 109325 0 0 14625 0 0 0 6700 6700 0 _____ 84946 84946 123950 _____ 2021 2020 0 25027 0 25027 Unrestricted Total funds Funds £ 2021/£ 2020/£ 0 0 0 2021/£ 2020/£ Amount paid Purpose 9120 9840 missions 1000 2479 outreach 0 0 ministry donations ___ 10120 12319 ___ Land Instrument Vehicle Equipment Fix & Fitt Total 2021 £ £ £ £ £ 360000 8966 26600 8300 18680 422546 0 3000 0 3740 0 6740 |
Unrestricted Total funds Funds 2021 2020 £ £ 78246 78246 109325 0 0 14625 0 0 0 6700 6700 0 _____ 84946 84946 123950 _____ 2021 2020 0 25027 0 25027 Unrestricted Total funds Funds £ 2021/£ 2020/£ 0 0 0 2021/£ 2020/£ Amount paid Purpose 9120 9840 missions 1000 2479 outreach 0 0 ministry donations ___ 10120 12319 ___ Land Instrument Vehicle Equipment Fix & Fitt Total 2021 £ £ £ £ £ 360000 8966 26600 8300 18680 422546 0 3000 0 3740 0 6740 |
|---|---|---|
| 360000 0 0 |
11966 26600 12040 18680 429286 3299 11924 2988 4155 22366 1733 2935 1810 2905 9383 |
|
| 0 360000 0 |
5032 14859 4798 7060 31749 6934 11741 7242 11620 397537 5667 14676 5312 14525 400180 |
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RESURRECTION POWER AND LIVING BREAD MINISTRIES BIRMINGHAM Notes to the accounts for year ended 18th April 2021
| **6 ** | Cost of Activities in | furtherance | of Charity's Objectives |
|---|---|---|---|
| 2021/£ | 2020/£ | ||
| Rent of building | 0 | 0 | |
| Church house expense | 12000 | 13440 | |
| Maintenance/ Repair | 2200 | 1700 | |
| Conference costs | 1065 | 4500 | |
| Wages | 8513 | 7705 | |
| Vehicle expenses | 0 | 0 | |
| Refreshments | 3220 | 3075 | |
| Accounting services | 1020 | 1320 | |
| Stationary | 225 | 500 | |
| Telephone & Internet | 1994 | 1202 | |
| Transport | 0 | 1980 | |
| Music Services | 0 | 400 | |
| Insurance | 1940 | 3004 | |
| Professional fees | 2033 | 4000 | |
| Light & Heat | 4600 | 2482 | |
| Depreciation | 9383 | 10043 | |
| Advert | 0 | 600 | |
| Outreach costs | 0 | 4720 | |
| Renovation | 0 | 30680 | |
| Admin | 0 | 0 | |
| Ministry supplies | 500 | 6915 | |
| Welfare | 1127 | 2860 | |
| Bank | 0 | 0 | |
| Travel & Substitence | 1000 | 1000 | |
| Speakers expenses | 0 | 1750 | |
| Waste services | 0 | 387 | |
| Security costs | 0 | 1505 | |
| Rates | 1370 | 0 | |
| Mortgage Interest | 8661 | 8760 | |
| Pension | 1911 | 1017 | |
| TOTAL | 62762 | 115545 |
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RESURRECTION POWER AND LIVING BREAD MINISTRIES BIRMINGHAM
Notes to the accounts for year ended 18th April 2021
7 Staff Costs 2021/£ 2020/£ Salaries 8513 7705 Tax/NI 0 0 Total 8513 7705
No employee earned more than £10,000 p.a. There was 1 employee during the year.
8 Creditors: amounts falling due within one year 2021/£ 2020/£ Independent examination 900 900 Creditors 0 0 Total 900 900
9 Debtors and Prepayments 2021/£ 2020/£ Debtors 20133 17638
10 Creditors: amounts falling due after one year Mortgage loan
2021/£ 2020/£ 179861 189200
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