Registered number 1124526
RESURRECTION POWER AND LIVING BREAD MINISTRIES - CROYDON Report and Accounts
18 April 2024
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 70 GORSE ROAD CROYDON CR0 8LA
Registered number 1124526
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RESURRECT. POWER & LIVING BREAD MINIST. CROYDON CHARITY REGISTRATION :- 1124526 TRUSTEES` REPORT
The Trustees present their report and accounts for the year ended 18th Arpil 2024 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: 70 Gorse Road Croydon CR0 8LA
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 £62,366. The total outgoing resources were £47,793 leaving a surplus of £14,573. 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-
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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:
-
Select suitable accounting polities and apply them consistently.
-
Make judgments 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 and signed on their behalf by:
MS SHEILA BENSON Trustee
17-Feb-25
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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 2024
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
-
to follow the procedures laid down in the general Directions given by the commission under section 145 (5) (b) of the 2011 Act
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to 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 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
17 February 2025
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RESURRECT. POWER & LIVING BREAD MINIST. CROYDON CROYDON
Statement of Financial Activities for the year ended 18 April 2024
| **UNRESTRICT. RESTRICTED ** | **UNRESTRICT. RESTRICTED ** | **UNRESTRICT. RESTRICTED ** | TOTAL | TOTAL | |
|---|---|---|---|---|---|
| FUND FUND | FUND | FUND | |||
| Notes | 2024 | 2024 | 2023 | ||
| £ | £ | ||||
| Incoming Resources | |||||
| Total Incoming resources | 62366 | 0 | 62,366 | 53,278 | |
| Costs of Generating voluntary | -44056 | 0 | (44,056) | (41,725) | |
| Income | |||||
| 18,310 | - | 18,310 | 11,553 | ||
| Governance costs | -3737 | 0 | (3,737) | (3,713) | |
| Operating profit | 2 | 14,573 | - | 14,573 | 7,840 |
| Net Resources for the | year | 14,573 | - | 14,573 | 7,840 |
| Total Funds brought forward | 52,401 | - | 52,401 | 44,561 | |
| Prio Year Adjustment | 0 | - | - | ||
| Total Funds carried forward | 66,974 | - | 66,974 | 52,401 |
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RESURRECT. POWER & LIVING BREAD MINIST. CROYDON Balance Sheet as at 18 April 2024
| 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 |
2024 £ 3,663 6,945 58,116 65,061 (1,750) 63,311 66,974 66,974 - 66,974 |
2023 £ 2,958 9,260 43,066 52,326 (2,883) 49,443 52,401 52,401 - 52,401 |
2023 £ 2,958 9,260 43,066 52,326 (2,883) 49,443 52,401 52,401 - 52,401 |
|---|---|---|---|
| 52,401 | |||
| 52,401 - |
|||
| 52,401 |
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 17 February 2025
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RESURRECT. POWER & LIVING BREAD MINIST. CROYDON Notes to the Accounts for the year ended 18 April 2024
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 | 2024 | 18/04/2023 |
|---|---|---|---|
| £ | £ | ||
| This is stated after charging: | |||
| Depreciation of owned fixed assets | 916 | 843 |
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RESURRECT. POWER & LIVING BREAD MINIST. CROYDON
Notes to the Accounts
for the year ended 18 April 2024
3 Tangible fixed assets
| 3 Tangible fixed assets |
||
|---|---|---|
| Cost At 19 April 2023 Additions Additions At 18 April 2024 Depreciation At 19 April 2023 Charge for the year At 18 April 2024 Net book value At 18 April 2024 At 18 April 2023 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 7 Surplus/Deficit Accum Fund B/fwd Surplus/(Deficit) for the year Project accountable |
2024 £ 6,945 2024 £ - 1,750 1,750 2024 £ 66,974 2024 £ 52,401 14,573 |
Plant and machinery etc £ 16,539 1,621 - |
| 18,160 | ||
| 13,581 916 |
||
| 14,497 | ||
| 3,663 | ||
| 2,958 | ||
| 18/04/2023 £ 9,260 |
||
| 18/04/2023 £ 483 2,400 |
||
| 2,883 | ||
| 18/04/2023 £ 52,401 |
||
| 18/04/2023 44,561 7,840 |
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RESURRECT. POWER & LIVING BREAD MINIST. CROYDON Notes to the Accounts for the year ended 18 April 2024
-
- Adjustment At 18 April 2024 66,974 # 52,401
6 Endowment Fund
The Charity operated no Endowment Fund during the year.
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RESURRECT. POWER & LIVING BREAD MINIST. CROYDON Detailed Statement of Financial Activities for the year ended 18 April 2024
| Incoming Resources: Donations, offerings and grants Cost of activities in furtherance of the Charity`s objectives Premises costs Support Costs Governance costs Net Surplus/(Deficit) |
TOTAL FUND 2024 £ 62,366 (41,567) (108) (2,381) 18,310 (3,737) 14,573 14,573 |
TOTAL FUND 2023 £ 53,278 (39,404) (524) (1,797) |
|---|---|---|
| 11,553 (3,713) |
||
| 7,840 | ||
| 7,840 |
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RESURRECT. POWER & LIVING BREAD MINIST. CROYDON Statement of Financial Activities for the year ended 18 April 2024
| A. INCOMING RESOURCES Offerings and donations Offerings Other income/donations Interest receivable B. RESOURCES EXPENDED |
Unrestricted Restricted TOTAL FUND TOTAL FUND 2024 2024 2024 2023 £ £ 58,845 - 58,845 53,278 3,521 - 3,521 - |
|---|---|
| 62,366 - 62,366 53,278 - - - - |
|
| 62,366 - 62,366 53,278 |
|
| B. RESOURCES EXPENDED | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | TOTAL FUND | TOTAL FUND | |
| 2024 | 2024 | 2024 | 2023 | |
| COST OF GENERATING VOLUNTARY | INCOME | £ | £ | |
| Activities underken directly | ||||
| Missionary activities | 2,200 | - | 2,200 | 2,150 |
| Church rent and rates | 17,276 | 17,276 | 16,511 | |
| Church/programme activities | 3,397 | - | 3,397 | 1,593 |
| Conference and conventions | - | - | - | 1,150 |
| Guest preacher | 300 | - | 300 | - |
| Salaries/allowances | 11,708 | - | 11,708 | 18,000 |
| Women`s ministry | 386 | - | 386 | - |
| Youth/children exp. | 750 | - | 750 | - |
| Donations | 5,400 | - | 5,400 | - |
| Welfare | 150 | - | 150 | - |
| 41,567 | - | 41,567 | 39,404 | |
| Premises costs: | ||||
| Building - renewals and repairs | 108 | - | 108 | 100 |
| Light and heat | - | - | - | 424 |
| 108 | - | 108 | 524 | |
| Support Costs | ||||
| Printing, postage and stationery | 415 | - | 415 | - |
| Insurance | 1,050 | - | 1,050 | 1,058 |
| Depreciation | 916 | - | 916 | 739 |
| 2,381 | - | 2,381 | 1,797 | |
| Total costs of generating voluntary in | 44,056 | - | 44,056 | 41,725 |
| Income | ||||
| COST OF GOVERNANCE | ||||
| Audit fees | - | - | ||
| Accountancy fees | 800 | - | 800 | 800 |
| Advertising and PR | 2,937 | - | 2,937 | 2,913 |
| 3,737 | - | 3,737 | 3,713 |
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