SOLID ROCK DELIVERANCE BAPTIST CHURCH
FINANCIAL STATEMENTS
28[th] FEBRUARY 2021
Charity Number 1128232
SOLID ROCK DELIVERANCE BAPTIST CHURCH
FINANCIAL STATEMENTS 28[th] FEBRUARY 2021
CONTENTS PAGE
Trustees’ annual report 3
Examiner’s report
5
Statement of the financial activities 6
Balance sheet 7
Notes to the financial statements 8
SOLID ROCK DELIVERANCE BAPTIST CHURCH
FINANCIAL STATEMENTS 28[th] FEBRUARY 2021
The Trustees have pleasure in presenting their report and the unaudited financial statements of the charity for the year ended 28th February 2021.
INTRODUCTION
We would like to thank God for His grace and mercy.
He has kept and sustained us this year again. We would like also to thank all members especially the faithful ones of their constant financial contributions and support of the ministry. This report shows our financial position at the end of the year. Every effort is made to account properly for the resources God has laid into our hands and we believe we will continue to do the same in future.
LEGAL STATUS
The Church is unincorporated 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.
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SOLID ROCK DELIVERANCE BAPTIST CHURCH
FINANCIAL STATEMENTS
28[th] FEBRUARY 2021
REVIEW OF DEVELOPMENTS, ACTIVITIES AND ACHIEVEMENTS
The board of Trustees is satisfied with the performance of the church during the year and the position to continue its activities during the coming year and church's assets are adequate to fulfill its obligation.
We have ended the year with a deficit.
Voluntary works by members have not been quantified.
Signed by order of the trustees
E M Brobbey
SOLID ROCK FOUNDATION INTERNATIONAL
MINISTRIES
14 GUY BARNETT GROVE
LONDON November 2021.
Approved by the trustee on 18[th]
SE3 9AL
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SOLID ROCK DELIVERANCE BAPTIST CHURCH
FINANCIAL STATEMENTS 28[th] FEBRUARY 2021 RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The charity’s trustees consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 (the Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts (under section 43 of the Act);
-
to follow the procedures laid down in the General Directions given by the Charity Commission (under section 43(7) (b) of the Act); and
-
to state whether particular matters have come to my attention.
BASIS OF THE 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 charity 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:
(1) which gives me reasonable cause to believe that in, any material respect, the trustees have not met the requirements to ensure that:
-
proper accounting records are kept (in accordance with section 41 of the 1993 Act); and
-
accounts are prepared which agree with the accounting records and comply with the
accounting requirements of the Act; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
18[th] November 2021 ABICA PHIL & CO K. Mensan FFA, FCCA FINANCIAL ACCOUNTANTS ABICA PHIL & CO 1 B COTLEIGH ROAD
1 B COTLEIGH ROAD LONDON NW6 2NL
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SOLID ROCK DELIVERANCE BAPTIST CHURCH
STATEMENT OF FINANCIAL ACTIVITIES 28[th] FEBRUARY 2021
| Total Funds | |||
|---|---|---|---|
| Total Funds | |||
| 2021 | |||
| 2020 | |||
| Note | £ | £ | |
| INCOMING RESOURCES | |||
| Tithes & Oferings | 2 | 21,229 | |
| 29,087 | |||
| Interest Receivable | 4 | 0 | |
| 0 | |||
| Other Income | 5 | 4,051 | |
| 7,861 | |||
| ----------- | |||
| ---------- | |||
| TOTAL INCOMING RESOURCES | 25,280 | ||
| 36,948 |
RESOURCES EXPENDED
| Charitable expenditure: Costs in furtherance of charitable objects6 23,917 Management and administration 7 5,635 ---------- ---------- TOTAL RESOURCES EXPENDED 8 29,552 NET INCOMING RESOURCES FOR THE YEAR 7,396 Balance brought forward 1,761 Balances carried forward 9,157 |
6,133 2,171 8,304 16,976 9,157 26,133 |
|---|---|
All movements are in Unrestricted Funds
The notes on page 8 to 13 form part of these financial statements.
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SOLID ROCK DELIVERANCE BAPTIST CHURCH
FINANCIAL STATEMENTS 28[th] FEBRUARY 2021
2021
£ £
£
2020
| Note | |||
|---|---|---|---|
| FIXED ASSETS | |||
| Tangible assets | 11 | 0 | 0 |
| CURRENT ASSETS | |||
| Cash at bank | 26,637 | ||
| 10,143 | |||
| CREDITORS: Amount falling within | |||
| One year | 12 | 504 | |
| 986 | |||
| ---------- | |||
| --------- | |||
| NET CURRENT | ASSETS |
26,133 |
26,133 |
| 9,157 | |||
| --------- | --------- | ||
| TOTAL ASSETS | LESS CURRENT LIABILITIES | 26,133 | |
| 9,157 | |||
| NET ASSETS | 26,133 |
||
| 9,157 |
|||
| FUNDS | |||
| Unrestricted | 13 | 26,133 |
|
| 9,157 | |||
| TOTAL FUNDS | 26,133 |
||
| 9,157 |
|||
| These fnancial statements were approved by the trustees’ board on the | |||
| 18/11/2021 and are signed on their behalf by Enerstina M Brobbey | |||
| Trustee |
The notes on page 8 to 13 form part of these financial statements.
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SOLID ROCK DELIVERANCE BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS 28[th] FEBRUARY 2021
1. ACCOUNTING POLICIES Basis of accounting
The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice "Accounting and Reporting by Charities" (SORP 2005) and the Charities Act 1993.
Depreciation
Depreciation is calculated so as to write off the cost of an asset less, its estimated residual value over the useful economic life of the asset concerned. The principal rates used for this purpose which are consistent with those of past years as follows:
| Fixtures & Fittings | - | 20% straight line | |||
|---|---|---|---|---|---|
| Musical Equipment | - | 25 % straight line | |||
| 2. | DONATIONS | ||||
| Total Funds | |||||
| Total | Funds | ||||
| 2021 | 2020 | ||||
| £ | £ | ||||
| Oferings & Donations | 21,229 | 29,087 | |||
| 3. | CHARITABLE TRADING INCOME | ||||
| Income from charitable trading | - | ||||
| 4. | INTEREST RECEIVABLE | ||||
| Total Funds | |||||
| Total Funds | |||||
| 2021 | 2020 | ||||
| £ | £ | ||||
| Bank Interest receivable | 0 | ||||
| 0 |
|||||
| 5. | OTHER INCOME | ||||
| Total Funds | |||||
| Total Funds | |||||
| 2021 | |||||
| 2020 |
£ £ Gift Aid 4,051 7,861 Other - -
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SOLID ROCK DELIVERANCE BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS 28[th] FEBRUARY 2021
6. COSTS IN FURTHERANCE OF CHARITABLE OBJECTS
Provision of charitable services: Repairs - Church Services Expenses Mission House Mission - Salary Hall Hire & Service Charges |
Total Funds 20212020 £ £ - 172 - -- 1,200 - - 4,761 23,917 6,133 23,917 |
|---|---|
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SOLID ROCK DELIVERANCE BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS 28[th] FEBRUARY 2021
9. TOTAL RESOURCES EXPENDED (continued)
Utilities Building Maintenance 545 Business Rates 2,744 General Expenses 20 Telephone Professional Fees 486 Bank Charges Insurance Accounts 480 Depreciation 0 |
Total Funds 2021 2020 £ £ 5740 0 250 760 83 378 0 0 25 0957 504 0 |
Total Funds 2021 2020 £ £ 5740 0 250 760 83 378 0 0 25 0957 504 0 |
|---|---|---|
5,635
2,171
| 10. OPERATING DEFICIT/SURPLUS Operating surplus is stated after charging: 2021 2020 £ Depreciation - |
£ - |
|---|---|
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SOLID ROCK DELIVERANCE BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS 28[th] FEBRUARY 2021
| 11 | TANGIBLE FIXED | ASSETS | ||
|---|---|---|---|---|
| Musical | Fixtures & | TOTAL | ||
| Equipments | Fittings | |||
| £ | ||||
| COST: | ||||
| At 1stMarch 2020 | 3,000 |
1,900 | ||
| 4,900 | ||||
| Additions | 0 |
0 |
||
| 0 | ||||
| At 28th February 2021 |
3,000 | 1,900 | ||
| 4,900 |
||||
| DEPRECIATION |
| At 1stMarch 2020 | 3,000 | 1,900 |
|---|---|---|
| 4,900 | ||
| Charge for the year |
0 |
0 |
| 0 | ||
| At 28th February 2021 |
3,000 | 1,900 |
| 4,900 | ||
| NET BOOK VALUE | ||
| At 28th February 2021 | 0 | 0 |
| 0 | ||
| At 28thFebruary 2020 | 0 |
0 |
| 0 |
| 12. CREDITORS: Amounts falling within one year 2020 Professional Fees Accounts Fees 480 966 |
2021 £ £ 0 486 504 504 |
|---|---|
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