Registered Charity Number 1124518
RESURRECTION POWER AND LIVING BREAD MINISTRIES INTERNATIONAL- EDGWARE
Report and Accounts
18 April 2023
Report and Unaudited Accounts
RESURRECTION POWER AND LIVING BREAD MINISTRIES INTL - EDGWARE Report and accounts Contents
| Page | |
|---|---|
| Charity information | 1 |
| Trustees' report | 2 |
| Statement of Trustees' Responsibilities | 7 |
| Directors' statement | 3 |
| Chartered Accountants' Assurance report | 8 |
| Statement of Financial Activities | 9 |
| Balance sheet | 11 |
| Notes to the accounts | 12 |
RESURRECTION POWER AND LIVING BREAD MINISTRIES INTL - EDGWARE Company Information
Board Of Trustees
Rt Rev Akwasi Asare Bediako Rev Richard Owusu Mr Daniel Kobina Buckman Mr Eric Boakye Agyemang
Accountants
Arthur Godsons & Associates/Sam Dee & CO Chartered Certified Accountants. Hayes Middlesex UB4 8QY
Bankers
HSBC P O Box 27 101-103 Station Road Edgware Middlesex HA8 7JJ
Registered office
960 CAPABILITY GREEN LUTON LU1 3PE
Registered number 1124518
1
RESURRECTION POWER AND LIVING BREAD MINISTRIES INTL - EDGWARE The report of the trustees
The trustees present their report and accounts for the year ended 18 April 2023
Name, registered office and constitution of the charity
The full name of the charity is Resurrection Power and Living Bread Ministries International, Edgware.
The charity was formed as an unincorporated charity.
Its registered charity number is : 1124518
The registered office is : 960 Capability Green, Luton, LU1 3PE
The telephone number is : 2088481050
The Objects of the Charity and how it is attempting to achieve the objectives
The Edgware branch of the Resurrection Power and Living Bread Ministries International
is committed to enabling as many people as possible as possible, come to the knowledge of the gospel of Jesus Christ and consequently apply their knowledge of the ways and principles of Christ in all areas of their lives; including their spiritual, physical and emotional wellbeing asd part of the community.
OBJECTIVES AND ACHIEVEMENTS
Resurrection Power and Living Bread Ministries International (REPLIB) maintains an overview of prayer and worship throughout our services and focus on suggestions as to how our services can involve the various groups and societies that live within the church community. We put faith into practice through the study of scripture, prayer, and music. The principal activity we carry out is holding services. With the assistance of the ministers and deacons, we hold a variety of services during the week and on weekends all year round to meet the needs of all, ensuring that all members; both young and old benefit from our range of services; which are normally held using two languages of which English is additional. We are keen to provide a very intimate and reflective environment for worship in all our branches and provide the opportunities for people to engage in more outgoing worship such as that provided on our live social media pages including that provided for the youth in our branches. Beyond these examples and activities, the pastors and ministers engage daily with the congregation e.g., when visiting people who are sick or in hospital, when counselling those experiencing pain, loss hardship, or other difficulties, when leading bereavement support groups and ministering to the home bound. The COVID 19 pandemic, brought a shift in the way we normally carry out our activities.
All our services had to move fully online for the greater part of the year, and no one could meet the other in person. Though it has been particularly challenging we continued to engage in online services for both services i.e., English and vernacular for our children,
youth, and adult.
We continue to face challenges from the impact of COVID 19 from the time government
2
allowed churches to open. Our meeting place was still closed by our landlord due to renovations and this made it difficult for our members to return to services when we eventually started meeting in July 2021
Our services have however continued though numbers are low and we continue to meet the needs of our members in our weekly meetings
Children`s Ministry
Our children's ministry creates the environment for the children to openly acknowledge the Love of God for them and learn to live by the principles of Christ. Every Sunday service, they study the Word of God and praise and worship Him. We also entreat them to live good Christian manners and behaviour as our Lord Jesus Christ said, allow the Children to come unto me for such are the kingdom of God. The Bible also commands us in Proverbs 22:6 to teach the children the way they should go and when they grow they would not depart from it. Currently we encourage them to learn hard at school and home and not to be lazy in petty household chores. The children's department launched their own music team (Living Voices), and they have grown from strength to strength ministering in songs in church. This has encouraged the children to build in confidence and realise their talents positively. Food and snacks are provided for them every Sunday.
As well as regular services, we enable our community to celebrate and thank God at the milestones of the journey through life. Through child dedications we thank God for the gift of
life, in marriage public vows are exchanged with God's blessings and through funeral services friends and family express their grief and give thanks for the life which is now complete in this world and to commend the departed soul into God's keeping. We have celebrated 5
child dedications and supported the people in our church community who lost loved ones in their family.
THE PRAYER TOWER GROUP
The Prayer Tower is doing tremendously well. This is indeed the spiritual powerhouse of the church. The members meet on Saturdays to pray and intercede for the church and the nation.
MUSIC DEPARTMENT
The music team has improved in numbers and spiritual strength. They meet every two weeks to practice songs and pray to strengthen the team; this has reflected well in worship during church services and meetings. The music team also organised the church's first carols' night, it was phenomenal and exciting. It brought the children and adults together, and we plan to continue this every year.
WELFARE DEPARTMENT
The welfare department is entrusted with the general well being of the members and beyond. They visit hospitals and organise weddings, funerals, games as well as sporting activities. The welfare department was able to visit all new mothers at their respective homes and at hospitals; they also supported members who were in difficult situations as a result of the current recessionary climate in UK.
VOLUNTEERS
3
We would like to thank all the volunteers who work so hard to make our church the lively and vibrant community it is, and all the other members of Resurrection power and Living Bread Ministries International Edgware Branch for their valuable contribution to our ministry and for keeping the church running.
Specific changes in fixed assets
Changes in fixed assets are shown in detail in the notes to the accounts. There were no acquisitions of equipments.
Availability and adequacy of assets of each of the funds
The Board of Trustees is satisfied that the Charity's assets are available and adequate to fulfil its obligations.
Policies on reserves, investment policies and investment performance
The trustees have resolved to establish reserves policy of maintaining unrestricted funds - free reserves of the Charity at a level which equates to approximately 5% of the anticipated expenditure for the following year.
Effectiveness of fundraising policies
The charity relies on grant aid from the donors identified in the accounts , whose support is valued. There have been no major other fundraising activities.
Some financials and reserves
Total incoming funds for the year amounted to £87,780
and the total expenditure also amounted to £77,961 leaving a net surplus of £9,819. Total Funds (both Restricted and Unrestricted) as at the end of the year stood at £183,123. The Trustees have put in place measures to counter any reoccurrence of the deficit in the future. All none essential expenditures are to be cut off and the members are being encouraged to support the work of the Charity as much as they are able.
The Charity's grant making policies
This is not applicable to activities of the charity as no grants are made.
4
The major risks to which the charity is exposed and reviews and systems to mitigate risks
The trustees identify the major risks to which the charity is exposed each financial year when preparing and updating a strategic plan, in particular those related to the operations and finances of the charity. The trustees then review any major risks which have been identified, and establish systems to mitigate those risks. The charity is satisfied that the systems are in place to mitigate their Legal Status exposure to the major risks which have been so identified and reviewed.
1. Financial
The charity is open to the usual financial risks of any organisation, and the charity has introduced controls to minimise these risks, such as two signatures being required for payments from the bank account. In addition, the accounts are regularly explained to members of the charity and are open The members of the Board of Trustees of the Charity during the year ended for member's inspection at any time. 18th April 2012
2. Other
Work with children and vulnerable adults is open to risks . The policy is that client's visits and counselling is done in pairs, as is children's' work.
New workers and volunteers are vetted and any problems discussed .
Legal Status
The charity is an unincorporated charity governed by a written constitution adopted by its members. There are no restrictions in the governing document on the operation of the charity or on its investment powers , other than those imposed by general charity law.
The members of the Board of Trustees of the Charity during the year ended 18th April 2020 were:-
Rt Rev Akwasi Asare Bediako
Rev Richard Owusu Mr Daniel Kobina Buckman Mr Eric Boakye Agyemang
The members of the Board of Trustees of the Charity at the date the report and
accounts were approved were:- (As above) R
Bankers
HSBC
P O Box 27 101-103 Station Road Edgware Middlesex HA8 7JJ
5
Auditors and details of their qualifications
Francis Arthur FCCA MSc MBA, Arthur Godsons & Associates Chartered Certified Accountants 126 Fairholme Crescent Hayes Middlesex UB4 8QY
6
Statement of Trustees' Responsibilities
Law applicable to charities in England & Wales requires the Board of trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the financial year In preparing those financial statements giving a true and fair view, the Board of trustees should follow best practice and :-
-
Select suitable accounting policies and then apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards and statements of recommended practice have been followed , subject to any departures disclosed and explained in the financial statements;
-
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue to operate.
The trustees are also responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ascertain the financial position of the charity and enable them to ensure that the financial statements comply with the requirements of applicable law and regulations. 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.
This report was approved by the board of trustees on 20 September 2023
Signed
Rev. Richard Owusu Mr Daniel K. Buckman Senior Pastor
Board of Trustees
7
RESURRECTION POWER AND LIVING BREAD MINISTRIES INTL - EDGWARE
Directors' statement
We confirm that as directors we have met our duty in accordance with the Companies Act 1985 to:
-
ensure that the company has kept proper accounting records;
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prepare accounts which give a true and fair view of the state of affairs of the company as at [date] and of its profit and loss for the year then ended in accordance with the Financial Reporting Standard for Smaller Entities; and
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follow applicable accounting policies, subject to any material departures disclosed and explained in the notes to the accounts.
Signatures
RESURRECTION POWER AND LIVING BREAD MINISTRIES INTL - EDGWARE 20 September 2023
8
Chartered Accountants' independent assurance report on the unaudited accounts of RESURRECTION POWER AND LIVING BREAD MINISTRIES INTL - EDGWARE
To the Board of Directors of RESURRECTION POWER AND LIVING BREAD MINISTRIES INTL - EDGWARE ('the Company')
We have performed certain procedures in respect of the Company’s unaudited accounts for the year ended [date] (which comprise the Profit and Loss Account, the Balance Sheet[, the Cash Flow Statement, the Statement of Total Recognised Gains and Losses] and the related notes), made enquiries of the Company’s directors and assessed accounting policies adopted by the directors, in order to gather sufficient evidence for our conclusion in this report.
This report is made solely to the Company’s directors, as a body, in accordance with the terms of our engagement letter dated [date]. It has been released to the directors on the basis that this report shall not be copied, referred to or disclosed, in whole (save for the directors’ own internal purposes or as may be required by law or by a competent regulator) or in part, without our prior written consent. Our work has been undertaken so that we might state to the directors those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company’s directors as a body for our work, for this report or the conclusions we have formed.
Respective responsibilities
You have confirmed that you have met your duty as set out in the directors’ statement. You consider that the Company is exempt from the statutory requirement for an audit for the year. Our responsibility is to form and express an independent conclusion, based on the work carried out, to you on the accounts.
Scope
We conducted our engagement in accordance with the Institute of Chartered Accountants in England & Wales Interim Technical Release AAF 03/06. Our work was based primarily upon enquiry, analytical procedures and assessing accounting policies in accordance with the Financial Reporting Standard for Smaller Entities. If we considered it to be necessary, we also performed limited examination of evidence relevant to certain balances and disclosures in the accounts where we became aware of matters that might indicate a risk of material misstatement in the accounts.
The terms of our engagement exclude any requirement to carry out a comprehensive assessment of the risks of material misstatement, a consideration of fraud, laws, regulations and internal controls, and we have not done so. We are not required to, and we do not, express an audit opinion on these accounts.
Conclusion
Based on our work, nothing has come to our attention to refute the directors’ confirmation that in accordance with the Companies Act 1985 the accounts give a true and fair view of the state of the Company’s affairs as at [date] and of its profit for the year then ended and have been properly prepared in accordance with the Financial Reporting Standard for Smaller Entities.
Francis Arthur FCCA MSc MBA, Arthur Godsons & Ass Chartered Certified Accountants & Statutory Auditors 126 Fairholme Crescent Hayes Middlesex UB4 8QY
31 October, 2011
9
RESURRECTION POWER AND LIVING BREAD MINISTRIES INTL - EDGWARE Statement of Financial Activities for the year ended 18 April 2023
| Notes Incoming Resources Revenue grants,legacies & donations Investment income Total Incoming Resources Net Incoming Resources available for charitable applications Costs of generating voluntary income Governance Total Resources expended Net Incoming Resources before Transfers Gross Transfers between funds :- Net Incoming Resources before revaluations and investment asset disposals Net Movement in funds Total funds brought forward Additional Funds Total funds carried forward |
Unrestricted Restricted Total Funds Funds Funds 2023 2023 2023 £ £ £ 87,465 - 87,465 315 - 315 87,780 - 87,780 |
Prior Period Total Funds 2022 £ 94,613 - |
|---|---|---|
| 94,613 | ||
| 87,780 - 87,780 - |
94,613 | |
| 72,960 - 72,960 5,001 - 5,001 |
100,097 3,093 |
|
| 77,961 - 77,961 - |
103,190 | |
| 9,819 - 9,819 - - - - |
(8,577) - |
|
| 9,819 - 9,819 - |
(8,577) | |
| 9,819 - 9,819 - 168,248 5,056 173,304 0 0 0 |
(8,577) 181,881 0 |
|
| 178,067 5,056 183,123 - |
173,304 |
The net movement in funds referred to above is the net incoming resources as defined in the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales and is reconciled to the total funds as shown in the Balance Sheet on page 13 as required by the said Statement.
All activities derive from continuing operations.
The notes and schedule to the Statement of Financial Activities on pages 12 to 19 form an integral part of these accounts
10
RESURRECTION POWER AND LIVING BREAD MINISTRIES INTL - EDGWARE Statement of Financial Activities for the year ended 18 April 2023
Statement of Total Recognised Gains and Losses for the year ended 18 April 2023
| Statement of Total Recognised Gains and Losses for the year ended 18 April 2023 |
|
|---|---|
| Excess of income over expenditure before realisation of assets Net Movement in funds before taxation |
2023 2022 9,819 (8,577) |
| 9,819 (8,577) |
There were no recognised gains or losses for the year or the prior year that are not included above,except for the transfer to fund for fixed assets shown.
Movements in revenue and capital funds for the year ended 18 April 2023
| Revenue accumulated fund | Revenue accumulated fund | Unrestricted | Restricted | Total | Last year | |
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Total Funds | |||
| 2023 | 2023 | 2023 | 2022 | |||
| £ | £ | £ | £ | |||
| Accumulated fund brought forward | 168,248 | 5,056 | 173,304 | 181,881 | ||
| Recognised gains and losses | 9,819 | - | 9,819 | (8,577) | ||
| 178,067 | 5,056 | 183,123 | 173,304 | |||
| Additional Funds | - | - | - | - | ||
| Closing Accumulated fund | 178,067 | 5,056 | 183,123 | 173,304 | ||
| Summary of funds | Designated | Unrestricted | Restricted | Total | Last year | |
| Funds | Funds | Funds | Funds | Total Funds | ||
| 2023 | 2023 | 2023 | 2023 | 2022 | ||
| Revenue funds | - | 178,067 | 5,056 | 183,123 | 173,304 | |
| Total funds | - | 178,067 | 5,056 | 183,123 | 173,304 |
The statement of changes in resources applied for fixed assets for Charity use is shown in the notes to the accounts
The notes and schedule to the Statement of Financial Activities on pages 12 to 19 form an integral part of these accounts
11
RESURRECTION POWER AND LIVING BREAD MINISTRIES INTL - EDGWARE Balance Sheet as at 18 April 2023
| Notes Fixed assets 9 Current assets Satellite churches -Current investment Debtors 10 Cash at bank and in hand Creditors: amounts due within one year 11 Net current assets Net assets satellite Capital and reserves Unrestricted revenue reserves Resources freely available Restricted revenue reserves Accumulated Funds |
2023 8,437 52,240 18,300 105,746 176,286 (1,600) 174,686 183,123 178,067 178,067 5,056 183,123 |
2022 6,829 85,145 27,563 56,067 168,775 (2,300) 166,475 173,304 168,248 168,248 5,056 173,304 |
2022 6,829 85,145 27,563 56,067 168,775 (2,300) 166,475 173,304 168,248 168,248 5,056 173,304 |
|---|---|---|---|
| 173,304 | |||
| 168,248 | |||
| 168,248 5,056 |
|||
| 173,304 |
The Board of Trustees acknowledge their responsibility for ensuring the organisation keeps proper accounting records in accordance with the requirements of the Charities Act 2011 as more fully set out under Trustees` Responsiblities in the Report of the Trustees.
Rev. Richard Owusu Mr. Daniel K. Buckman Senior Pastor
Approved for signature by the Board of Trustees on 20 September 2023
The notes and schedule to the Statement of Financial Activities on pages 12 to 19 form an integral part of these accounts
12
RESURRECTION POWER AND LIVING BREAD MINISTRIES INTL - EDGWARE Notes to the Accounts for the year ended 18 April 2023
1 Accounting policies
Accounts preparation
The financial statements have been prepared in accordance with the Charities Act 2011 and with the Financial Reporting Standards for Smaller Entities and applicable accounting standards, effective April 2008, as modified by the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales,effective April 2007, adapted to meet the needs of unincorporated organisations.
The organisation has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement.
The charity is entirely dependent on continuing grant aid and as a consequence the going concern basis is also dependent on the continuing grant aid.
The particular accounting policies adopted are set out below.
Accounting convention
The financial statements are prepared, on a going concern basis, under the historical cost convention as modified by the revaluation of freehold land and buildings and fixed asset investments
Incoming Resources
Incoming resources are accounted for on a receivable basis deferred as described below where appropriate. Rental income is included in the income and expenditure account net of collection charges on a receivable basis.
Investment Income
Bank interest is included in the income and expenditure account on a receivable basis.
Deferred Income
In accordance with the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales grants received in advance and specified by the donor as relating to specific accounting periods or alternatively which are subject to conditions which are still to be met are deferred on an accruals basis to the period to which they relate. Such deferrals are shown in the notes to the accounts and the sums involved are included as creditors in the accounts.
Recognition of Liabilities
Liabilities are recognised on the accruals basis in accordance with normal accounting principles, modified where necessary in accordance with the guidance given in the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales .
Charitable expenditure
Charitable expenditure includes all expenditure directly related to the objects of the charity and comprises the following :-
A ti iti i f th f th h it ' bj ti
13
RESURRECTION POWER AND LIVING BREAD MINISTRIES INTL - EDGWARE Notes to the Accounts for the year ended 18 April 2023
Activities in furtherance of the charity's objectives
The costs of activities in furtherance of the charity's objectives represents the cost of goods and services and ancillary trading costs that have been incurred in charitable activities.
Support costs of activities
Support costs of activities for charitable purposes comprises the salary costs of the Manager and the Associate Manager as they are involved with project development and other project costs. There are a number of costs, including staffing costs, where it is impracticable to allocate these costs between administration and charitable expenditure and the trustees have allocated such costs to management and administration costs.
Management and administration of the charity
Management and administration costs represent expenditure incurred in the management of the charity's assets, organisational administration and compliance with charitable and statutory requirements.
Allocation of costs within types of resources expended
The charity's operating costs include staff costs, rent and other related costs.Such costs are allocated between types of resources expended on the basis of estimates made by the trustees.
Administration expenditure includes all expenditure not directly related to direct charitable activity. In respect of certain items of expenditure it is a matter of judgement as to whether such items are direct charitable expenditure or are administrative, and the trustees have applied what they consider to be reasonable judgements in apportioning such costs.
Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Items of less than £400 are not capitalised.
Depreciation has been provided at the following rates in order to write off the assets (less their expected residual value ) over their estimated useful economic lives.
A regular annual review of the likelihood of asset impairment is undertaken.
Vehicles 20% per annum on cost/written down value Office equipments 20% per annum on cost/written down value Furniture, fixtures & fittings 20% per annum on cost/written down value
14
RESURRECTION POWER AND LIVING BREAD MINISTRIES INTL - EDGWARE Notes to the Accounts for the year ended 18 April 2023
Capital Grants
The board of trustees consider that , in order to comply with the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales (effective April 2005), grants of a capital nature given for specific purposes and fully utilised in the furtherance of the objects of the charity should be credited to the fixed asset funds after the sums have been properly expended on the restricted purpose. The related asset is shown in the balance sheet at the cost of acquisition or subsequent revaluation.
The related assets are subject to restrictions by the grant making organisation on their use and disposal, and these restrictions are noted in the fixed asset section of these accounts. The fixed asset fund so created is treated as a restricted fund.
Insofar as this policy relates to Government grants then this is a departure from the Statement of Standard Accounting Practice Number 4 in order to comply with the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales.
Taxation
As a registered charity, the organisation is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only. Value Added Tax is not recoverable by the organisation , and is therefore included in the relevant costs in the Statement of Financial Activities
Funds Structure Policy
The charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the trustees in furtherance of the objects of the charity. Such funds may be held in order to finance both working capital and capital investment.
Restricted funds have been provided to the charity for particular purposes, and it is the policy of the board of trustees to carefully the monitor the application of those funds in accordance with the restrictions placed upon them.
There is no formal policy on the allocation of funds to designated funds.
There is no formal policy of transfer between funds, other than that described under the Capital Grants policy above. Any proposed transfer between funds would be considered on the particular circumstances.
2 Winding up or dissolution of the charity
If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.
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RESURRECTION POWER AND LIVING BREAD MINISTRIES INTL - EDGWARE Notes to the Accounts for the year ended 18 April 2023
| 3 | Net Incoming Resources before This is stated after crediting :- Revenue Turnover from ordinary activities Depreciation of owned fixed assets Rentals under operating leases Independent Examiner's Remuneration D preciation of asse s held under finance leases and hire |
2023 £ 86,783 2,394 - 800 |
2022 £ 94,613 1,787 - 800 |
|---|---|---|---|
Funds belonging to the charity have been used for the purchase of insurance to protect the charity from loss arising from the neglect or defaults of its employees or to indemnify its employees against the consequences of any neglect or default on their part. The sum expended on such insurance was as indicated in the above schedule.
4 Statement that no expenses were paid to trustees or connected persons
No expenses were paid on behalf of Trustees except for re-imbursement of amount expended wholly on behalf of the Charity.
5 Analysis of incoming resources and analysis of management and administration costs
The details required by the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales (effective April 2007), are shown in the Detailed Schedule to the Statement of Financial Activities on pages 13 to 21
| pages 13 to 19. 6 Investment Income Interest Interest Receivable 7 Staff Costs and Emoluments Gross salaries and wages Employer's National Insurance contributions Pensions Motor van expenses & travels |
||
|---|---|---|
| 2023 £ - 315 2023 £ 12,000 408 888 2,472 |
2022 £ - - 2022 £ 13,000 455 1,060 - |
|
| 15,768 | 14,515 |
16
RESURRECTION POWER AND LIVING BREAD MINISTRIES INTL - EDGWARE Notes to the Accounts for the year ended 18 April 2023
| Numbers of Employees (both full & part-time) | 2023 | 2022 | |
|---|---|---|---|
| Engaged on charitable activities | 4 | 4 | |
| Engaged on management and administration | - | - | |
| 4 | 4 | ||
| There were no fees or other remuneration payable to trustees | |||
| There were no other employees with emoluments in excess of £50,000 per annum | |||
| Members help voluntarily in many ways. | |||
| 8 | Changes in resources applied for Fixed Assets | 2023 | 2022 |
| £ | £ | ||
| Net movement in funds from Statement of Financial Activities | 4,002 | 829 | |
| Resources applied on Fixed Assets for charitable use | - | ||
| Net movement in funds available for future activities | 4,002 | 829 |
17
RESURRECTION POWER AND LIVING BREAD MINISTRIES INTL - EDGWARE Notes to the Accounts for the year ended 18 April 2023
9 Tangible functional fixed assets
| Cost or valuation At 19 April 2022 Additions At 18 April 2023 Depreciation At 19 April 2022 Charge for the year At 18 April 2023 Net book value At 18 April 2023 At 18 April 2022 |
Motor van £ 5,580 - 5,580 2,995 517 3,512 2,068 2,585 |
Office equipment Total £ 25,093 30,673 4,002 4,002 |
|---|---|---|
| 29,095 34,675 |
||
| 20,849 23,844 1,877 2,394 |
||
| 22,726 26,238 |
||
| 6,369 8,437 |
||
| 4,244 6,829 |
All assets are used for direct charitable purposes and there are no inalienable or historic assets
| 10 Debtors Prepaid expenses Gift aid recovery Other debtors 11 Satellite Churches Transfers 11 Creditors: amounts falling due within one year Bank loans and overdrafts Other creditors |
2023 £ 16,300 - 2,000 |
2022 £ 16,300 9,263 2,000 |
|---|---|---|
| 18,300 | 27,563 | |
| 2023 £ 52,240 |
2022 £ 85,145 |
|
| 63,394 | 85,145 | |
| 2023 £ - 1,600 |
2022 £ - 2,300 |
|
| 1,600 | 2,300 |
12 Endowment funds
The Charity had no endowment funds in the year ended 18 April, 2023
18
RESURRECTION POWER AND LIVING BREAD MINISTRIES INTL - ED Schedule to the Statement of Financial Activities for the year ended 18 April 2023
| Unrestricted Restricted Total Funds Funds Funds 2023 2023 2023 £ Grants,Legacies and Donations Non government and none public bodies Incoming resources of a revenue nature Tithes & offerings 66,837 - 66,837 Satellite churches 20,000 - 20,000 Other donations 628 - 628 Covenant Gift Aid - - 0 Government covid grant - 0 87,465 - 87,465 Total Grants,Legacies & Donations Received 87,465 0 87,465 Investment Income as detailed in attached schedule Interest Receivable 315 - 315 Total Incoming Resources 87,780 - 87,780 Charitable expenditure Costs of generating voluntary income Head office subscription 10,053 - 10,053 Church rent 20,042 - 20,042 Satellite churches - - 0 Mission house rent 12,000 - 12,000 Guest preacher - - 0 Gross wages & salary 12,000 - 12,000 Employer`s NI 408 - 408 Pensions 888 - 888 Conference/training - 0 Volunteers' costs - 0 Training - - 0 Music ministry 1,400 - 1,400 Donations 1,160 1,160 Men ministry 500 - 500 Women ministry 1,148 - 1,148 Travel and subsistence 2,472 2,472 Youth/children expenses 1,445 - 1,445 Cleanliness, hygiene and sanitizers - 0 Welfare 6,690 - 6,690 Charitable Donations - - 0 Motor van and travel expenses - - 0 70,206 - 70,206 |
Prior Year Total Funds 2022 £ 41,440 43,910 - 9,263 - |
|---|---|
| 94,613 | |
| 94,613 | |
| - | |
| 94,613 | |
| 16,863 11,685 30,059 12,000 - 13,000 455 1,060 - 1,500 200 900 - - - 500 989 - 6,380 - - |
|
| 95,591 |
19
RESURRECTION POWER AND LIVING BREAD MINISTRIES INTL - ED Schedule to the Statement of Financial Activities for the year ended 18 April 2023
| Support Costs Postage, printing and stationery Bank charges Equipment expensed Depreciation Sundry expenses Business supplies Total costs of generating Voluntary income Governance costs Independent Examiners' Fee Other accountancy fees Insurance Total expenditure |
Unrestricted Restricted Total Funds Funds Funds 2023 2023 2023 £ - 0 360 360 - 0 2,394 - 2,394 - 0 - 0 2,754 - 2,754 72,960 - 72,960 - 800 - 800 800 - 800 3,401 3,401 5,001 - 5,001 77,961 - **77,961 ** |
Prior Year Total Funds 2022 £ - 44 179 1,787 187 2,309 |
|---|---|---|
| 4,506 | ||
| 100,097 | ||
| 800 700 1,593 |
||
| 3,093 | ||
| 103,190 |
20