## **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. -3- # **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 - 4 - # **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 - 5 - ## **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 objects**6**
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.** -6- ## **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.** - 7 - ## **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 - **-** - 8 - # **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**
**2021**2020
**£**
£
-
**172**
**-**
-**-**
**1,200**
-
**-**
**4,761**
23,917

**6,133**
23,917| |---|---| - 9 – # **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
**£**
£
**574**0
**0**
**250**
**760**
**83**
378
**0**
**0**
25
**0**957
**504**

**0**|**Total Funds**
**2021**
2020
**£**
£
**574**0
**0**
**250**
**760**
**83**
378
**0**
**0**
25
**0**957
**504**

**0**| |---|---|---| |||| 5,635 **2,171** |**10.**
**OPERATING DEFICIT/SURPLUS**
Operating surplus is stated after charging:
**2021**
2020
**£**
Depreciation

**-**
|£
**-**
| |---|---| - 10 - ## **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**
| |---|---| - 11 -