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2022-04-18-accounts

Registered number 1124526

RESURRECTION POWER AND LIVING BREAD MINISTRIES - CROYDON Report and Accounts

18 April 2022

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 SHEILA BENSON

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 2022 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 Sheila Benson

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 was £72,090. The total outgoing resources were £75,600 leaving a deficit of £3,510. The Trustees are satisfied with the financial operations of the Charity during the period under review.

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

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 satis-

2

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

fied 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 SHEILA BENSON Trustee

20-Jun-23

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 2022.

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

20 June 2023

4

RESURRECT. POWER & LIVING BREAD MINIST. CROYDON CROYDON

Statement of Financial Activities for the year ended 18 April 2022

**UNRESTRICT. RESTRICTED ** **UNRESTRICT. RESTRICTED ** **UNRESTRICT. RESTRICTED ** TOTAL TOTAL
FUND FUND FUND FUND
Notes 2022 2021
£ £
Incoming Resources
Total Incoming resources 72090 0 72,090 64,255
Costs of Generating voluntary -71060 0 (71,060) (61,696)
Income
1,030 - 1,030 2,559
Governance costs -4540 0 (4,540) (2,300)
Operating (loss)/profit 2 (3,510) - (3,510) 259
Interest receivable 0 - 12
Net Resources for the year (3,510) - (3,510) 271
Total Funds brought forward 29,398 - 29,398 29,127
Prio Year Adjustment 18673 0 18,673 -
Total Funds carried forward 44,561 - 44,561 29,398

5

RESURRECT. POWER & LIVING BREAD MINIST. CROYDON Balance Sheet as at 18 April 2022

Notes
Fixed assets
Tangible assets
3
Current assets
Project Accountable
4
Cash at bank and in hand
Creditors: amounts falling
due within one year
5
Net current assets
Net assets
Accumulated Funds
Unrestricted revenue reserves
7
Restricted revenue reserves
Shareholders' funds		 2022
£
2,697
9,260
34,687
43,947
(2,083)
41,864
44,561
35,301
9,260
44,561		 2021
£
3,372
9,260
18,049
27,309
(1,283)
26,026
29,398
20,138
9,260
29,398		 2021
£
3,372
9,260
18,049
27,309
(1,283)
26,026
29,398
20,138
9,260
29,398
29,398
20,138
9,260
29,398

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 the Report of the Trustees.

MS SHEILA BENSON Trustee. Approved by the board on 20 June 2023

6

RESURRECT. POWER & LIVING BREAD MINIST. CROYDON Notes to the Accounts for the year ended 18 April 2022

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 2022 18/04/2021
£ £
This is stated after charging:
Depreciation of owned fixed assets 675 843

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RESURRECT. POWER & LIVING BREAD MINIST. CROYDON

Notes to the Accounts

for the year ended 18 April 2022

3 Tangible fixed assets

Cost
At 19 April 2021
Additions
At 18 April 2022
Depreciation
At 19 April 2021
Charge for the year
At 18 April 2022
Net book value
At 18 April 2022
At 18 April 2021
4
Debtors
5
Creditors: amounts falling due within one year
Other taxes and social security costs
Other creditors
6
Accumulated Fund
Revenue Reserves c/fwd
Nominalmber
value
Prio year adjustment
Project accountable		 2022
£
9,260
2022
£
483
1,600
2,083
2022
£
44,561
Amount
£
18,673		 Plant and
machinery
etc
£
15,539
-
15,539
12,167
675
12,842
2,697
3,372
18/04/2021
£
9,260
18/04/2021
£
483
800
1,283
18/04/2021
£
29,398

8

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

for the year ended 18 April 2022

7
Surplus/Deficit
Accum Fund B/fwd
Surplus/(Deficit) for the year
Adjustment
At 18 April 2022		 2022
18/04/2021
£
29,398
29,127
(3,510)
271
18,673
-
44,561
29,398

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 2022

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
2022
£
72,090
(64,455)
(2,637)
(3,968)
1,030
(4,540)
(3,510)
-
(3,510)		 TOTAL FUND
2021
£
64,255
(56,282)
(1,088)
(4,326)
2,559
(2,300)
259
12
271

10

RESURRECT. POWER & LIVING BREAD MINIST. CROYDON Statement of Financial Activities for the year ended 18 April 2022

A. INCOMING RESOURCES
Offerings and donations
Offerings
Other income/donations
Interest receivable		 Unrestricted
Restricted
TOTAL FUND
TOTAL FUND
2022
2021
£
£
64,245
-
64,245
64,255
7,845
-
7,845
-
72,090
-
72,090
64,255
-
-
-
12
72,090
-
72,090
64,267

B. RESOURCES EXPENDED

B. RESOURCES EXPENDED
Unrestricted Restricted TOTAL FUND TOTAL FUND
COST OF GENERATING VOLUNTARY INCOME 2022 2021
£ £
Activities underken directly
Missionary activities 400 - 400 -
Women`s ministry 300 - 300 -
Church rent and rates 43,987 43,987 33,967
Church/programme activities 1,218 - 1,218 165
Conference and conventions 550 - 550 -
Guest preacher - - - 1,100
Salaries/allowances 18,000 - 18,000 18,000
Personal Protection Equipment (PPE) - - - 650
Media costs - - - 2,100
Welfare - - - 300
64,455 - 64,455 56,282
Premises costs:
Building - renewals and repairs 1,484 - 1,484 -
Light and heat 738 - 738 1,088
Cleaning 415 - 415 -
2,637 - 2,637 1,088
Support Costs
Telephone and fax 1,875 - 1,875 2,040
Insurance 1,418 - 1,418 1,100
Depreciation 675 - 675 843
Sundry expenses - - 343
3,968 - 3,968 4,326
Total costs of generating voluntary in 71,060 - 71,060 61,696
Income

COST OF GOVERNANCE

Accountancy fees 800 - 800 800

11

RESURRECT. POWER & LIVING BREAD MINIST. CROYDON Statement of Financial Activities for the year ended 18 April 2022

Statement of Financial Activities
for the year ended 18 April 2022
Other legal and professional
Total Expenditure		 Unrestricted
Restricted
TOTAL FUND
TOTAL FUND
2022
2021
£
£
3,740
-
3,740
1,500
4,540
-
4,540
2,300
75,600
-
75,600
63,996

12