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2021-04-18-accounts

Registered number 1124526

RESURRECTION POWER AND LIVING BREAD MINISTRIES - CROYDON Report and Accounts

18 April 2021

RESURRECT. POWER & LIVING BREAD MINIST. CROYDON Report and accounts Contents

Page
Charity information 1
Trustees` Report 2
Accountants' report 4
Statement of Financial Activities 5
Balance sheet 6
Notes to the accounts 7

RESURRECT. POWER & LIVING BREAD MINIST. CROYDON Church Information

Trustees

RT REV AKWASI ASARE BEDIAKO MR FRANK OBENG DARKO MR SAM OSEI MR EDWARD ADJEI MS SYLVIA ADDO

Accountants

ARTHUR GODSONS AND ASSOCIATES 126 FAIRHOLME CRESCENT HAYES MIDDLESEX UB4 8QY

Bankers

THE ROYAL BANK OF SCOTLAND PLC 117-119 NORTH END CROYDON CR0 1TL

Registered office

1-5 GLADSTONE ROAD CROYDON CR0 2BQ

Registered number 1124526

1

RESURRECT. POWER & LIVING BREAD MINIST. CROYDON CHARITY REGISTRATION :- 1124526 TRUSTEES` REPORT

The Trustees present their report and accounts for the year ended 18th Arpil 2021 for the charity, Ressurrection Power and Living Break Ministries Croydon with Charity Number 1124526

The Trustess of the charity are: R

Rt Rev. Akwasi Asare Bediako Mr. Frank Obeng Darko Mr. Sam Osei Mr. Edward Adjei Ms Sylvia Addai

The principal address of the charity is: 1 - 5 Gladstone Road

Croydon CR0 2BQ

STRUCTURE, GOVERNANCE AND MANAGEMENT

The charity governing document is a trust deed that was adopted on 18th 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 orgnisation are to advance the Christian Faith (in accordance with the Statement of Beliefs) for the benefit of the public through the holding of prayers. Lectures, public celebration and religious festivals, and by producing and distributing literature and recorded material to enlighten others about the Christian faith. The Trustees confirm that they have had due regard to guidance issued by the Charity Commission on public benefit before deciding what activities should undertake.

ACHIEVEMENTS AND PERFORMANCE

The Organisation held successful services through the year in which individuals were equip ped and educated on the principles and doctrines of the Christian faith. The Church held several conferences to assist the development of the people in the community.

FINANCIAL REVIEW

The income of the charity £64,267. The total outgoing resources were £63,996 leaving a slight surplus of £271. The COVID 19 affected members` giving by 17.2% downwards- from £77,634. Trustees have been encouraging members to increase their giving and have also put other practical steps in place to increase income of the Charity.

The church made charitable donations to other charities with similiar objectives to provide support for their work.

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.

RISK MANAGEMENT

2

RESURRECT. POWER & LIVING BREAD MINIST. CROYDON CHARITY REGISTRATION :- 1124526 TRUSTEES` REPORT

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.

TRUSTEES 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:

  1. Select suitable accounting polities and apply them consistently.

  2. Make judgments and estimates that are reasonable and prudent.

  3. State whether the applicable accounting standards have been followed

  4. 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 and signed on their behalf by:

MS SYLVIA ADDO Trustee

29-Nov-21

3

RESURRECT. POWER & LIVING BREAD MINIST. CROYDON

Independent examiner’s report to the trustees of Resurrection Power

& Living Bread Ministries Croydon

I report on the accounts of the Trust for the year ended 18 April 2021.

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(2) of the Charityies Act 2011 (the 2011Act) and that an independent examination is needed.

It is my responsibility to:

examine the accounts under section 145 of the 2011 Act

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and 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 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 next statement.

Independent examiner’s statement

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

(1) 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 2011 Act and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act

have not been met or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached

ARTHUR GODSONS AND ASSOCIATES CHARTERED CERTIFIED ACCOUNTANTS 126 FAIRHOLME CRESCENT HAYES MIDDLESEX UB4 8QY

29 November 2021

4

RESURRECT. POWER & LIVING BREAD MINIST. CROYDON CROYDON

Statement of Financial Activities for the year ended 18 April 2021

**UNRESTRICT. RESTRICTED ** **UNRESTRICT. RESTRICTED ** **UNRESTRICT. RESTRICTED ** TOTAL TOTAL
FUND FUND FUND FUND
Notes 2021 2020
£ £
Incoming Resources
Total Incoming resources 64255 0 64,255 77,634
Costs of Generating voluntary -61696 0 (61,696) (66,454)
Income
2,559 - 2,559 11,180
Governance costs -2300 0 (2,300) (800)
Operating profit 2 259 - 259 10,380
Interest receivable 12 0 12 8
Net Resources for the year 271 - 271 10,388
Total Funds brought forward 19,867 9,260 29,127 18,739
Prio Year Adjustment 0 - -
Total Funds carried forward 20,138 9,260 29,398 29,127

5

RESURRECT. POWER & LIVING BREAD MINIST. CROYDON Balance Sheet as at 18 April 2021

Notes
Fixed assets
Tangible assets
3
Current assets
Project Accountable
4
Project balance
5
Cash at bank and in hand
Creditors: amounts falling
due within one year
6
Net current assets
Net assets
Accumulated Funds
Unrestricted revenue reserves
8
Restricted revenue reserves
Shareholders' funds		 2021
£
3,372
9,260
-
18,049
27,309
(1,283)
26,026
29,398
20,138
9,260
29,398		 2020
£
2,874
8,989
271
19,076
28,336
(2,083)
26,253
29,127
19,867
9,260
29,127		 2020
£
2,874
8,989
271
19,076
28,336
(2,083)
26,253
29,127
19,867
9,260
29,127
29,127
19,867
9,260
29,127

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` Responsibilities in h R f h T

MS SYLVIA ADDO Trustee. Approved by the board on 29 November 2021

6

RESURRECT. POWER & LIVING BREAD MINIST. CROYDON Notes to the Accounts for the year ended 18 April 2021

1 Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April And the Charities Act 2011

Depreciation

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 20% net book value Motor vehicles 20% net book value

Foreign currencies

Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

Leasing and hire purchase commitments

Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis th l t

Pensions

The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2 Operating profit 2021 18/04/2017
£ £
This is stated after charging:
Depreciation of owned fixed assets 843 718

7

RESURRECT. POWER & LIVING BREAD MINIST. CROYDON Notes to the Accounts

for the year ended 18 April 2021

3 Tangible fixed assets

Cost
At 19 April 2020
Additions
At 18 April 2021
Depreciation
At 19 April 2020
Charge for the year
At 18 April 2021
Net book value
At 18 April 2021
At 18 April 2020
4
Debtors
5
Investments held as current assets
Project balance
6
Creditors: amounts falling due within one year
Other taxes and social security costs
Other creditors
7
Accumulated Fund
Revenue Reserves c/fwd
8
Surplus/Deficit
Accum Fund B/fwd
Surplus/(Deficit) for the year
Project accountable		 2021
£
9,260
2021
£
-
2021
£
483
800
1,283
2021
£
29,398
2021
£
29,127
271		 Plant and
machinery
etc
£
14,198
1,341
15,539
11,324
843
12,167
3,372
2,874
2020
£
8,989
2020
£
271
2020
£
483
1,600
2,083
2020
£
29,127
2020
18,739
10,388

8

RESURRECT. POWER & LIVING BREAD MINIST. CROYDON Notes to the Accounts for the year ended 18 April 2021

At 18 April 2021 29,398 29,127

6 Endowment Fund

The Charity operated no Endowment Fund during the year.

9

RESURRECT. POWER & LIVING BREAD MINIST. CROYDON Detailed Statement of Financial Activities for the year ended 18 April 2021

Incoming Resources: Donations, offerings and grants
Cost of activities in furtherance of the Charity`s objectives
Premises costs
Support Costs
Governance costs
Interest receivable
Net Surplus/(Deficit)		 TOTAL FUND
2021
£
64,255
(56,282)
(1,088)
(4,326)
2,559
(2,300)
259
12
271		 TOTAL FUND
2020
£
77,634
(62,357)
(1,768)
(2,329)
11,180
(800)
10,380
8
10,388

10

RESURRECT. POWER & LIVING BREAD MINIST. CROYDON Statement of Financial Activities for the year ended 18 April 2021

A. INCOMING RESOURCES
Offerings and donations
Offerings
Interest receivable
B. RESOURCES EXPENDED		 Unrestricted
Restricted
TOTAL FUND
TOTAL FUND
2021
2020
£
£
64,255
-
64,255
77,634
12
-
12
8
64,267
-
64,267
77,642
B. RESOURCES EXPENDED B. RESOURCES EXPENDED
Unrestricted Restricted TOTAL FUND TOTAL FUND
2021 2021 2021 2020
COST OF GENERATING VOLUNTARY INCOME £ £
Activities underken directly
Missionary activities - - - 3,100
Personal Protection Equipment (PPE) su 650 - 650 -
Motor and travel expenses - - 875
Church rent and rates 33,967 33,967 33,506
Church/programme activities 165 - 165 1,783
Subscriptions - - - 1,450
Salaries/allowances 18,000 - 18,000 18,000
Guest preacher 1,100 1,100 -
Donations - - - 600
Media costs 2,100 - 2,100 -
Welfare 300 - 300 543
56,282 - 56,282 62,357
Premises costs:
Building - renewals and repairs - - - -
Light and heat 1,088 - 1,088 1,768
1,088 - 1,088 1,768
Support Costs
Wages and salaries - - - -
Telephone and fax 2,040 - 2,040 191
Printing, postage and stationery - - - 320
Insurance 1,100 - 1,100 1,100
Sundry expenses 343 - 343 -
Depreciation 843 - 843 718
4,326 - 4,326 2,329
Total costs of generating voluntary in 61,696 - 61,696 66,454
Income

COST OF GOVERNANCE

11

RESURRECT. POWER & LIVING BREAD MINIST. CROYDON Statement of Financial Activities for the year ended 18 April 2021

Statement of Financial Activities
for the year ended 18 April 2021
Accountancy fees
Other legal and professional
Total Expenditure		 Unrestricted
Restricted
TOTAL FUND
TOTAL FUND
2021
2020
£
£
800
-
800
800
1,500
-
1,500
-
2,300
-
2,300
800
63,996
-
63,996
67,254

12