RHEMA WINNERS CITADEL
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30[TH] MAY 2021
CHARITY NUMBER: 1128981
RHEMA WINNERS CITADEL 50A FEDERAL ROAD PERIVALE GREENFORD UB6 7AP
INDEX Page Index 1 Trustees’ Report 2 - 3 Independent Examiner’s Report 4 - 5 Receipts and Payments Account 6 Statement of Assets and Liabilities 7 Notes on the financial Statements 8
1
RHEMA WINNERS CITADEL TRUSTEES’ REPORT YEAR ENDED 30[th] May 2021
The trustees are pleased to present their report for the year ended 30[th] May 2021 for the charity, Rhema Winner’s Citadel with Charity Number 1128981.
The Trustees of the charity are:
Mrs Irene Ekue Mr Emmanuel Adu Ms Anne Bona
The principal address of the charity is: 50A Federal Road Perivale Greenford UB6 7AP
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity governing document is a trust deed that was dated on 11[th] February 2009. 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 organisation are to advance the Christian Religion [in accordance with the Statement of faith] throughout the world as the trustees may see fit from time to time. The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.
ACHIEVMENTS AND PERFORMANCE
The Organisation continues to hold successful services through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. Due to the pandemic all services were held online. The church shared its sermons on Rainbow radio which was broadcast all over London. The church continues to renovate the premises that it uses for its worship services. They also provided breakfast every Sunday morning for members of the community as an evangelistic outreach. They supported an outreach in Italy and Ghana during the financial year.
2
FINANCIAL REVIEW
The income of the charity is above £63,000. The costs have been managed over this period. The charity is in a good position to develop itself in the community.
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. The charity will seek to maintain this level throughout the year.
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 satisfied that systems are in place to mitigate exposure to major risks.
TRUSTEE 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 policies and apply them consistently.
-
Make judgements and estimates that are reasonable and prudent.
-
State whether the applicable accounting standards have been followed.
-
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 on 5[th ] May 2022 and signed on their behalf by:
3
Independent Examiner’s Report To the Trustees
RHEMA WINNERS CITADEL
I report on the accounts of the church for the year ended 30[TH] May 2021 set out on the following pages which have been prepared on the basis of the accounting policies shown in the corresponding pages.
Respective responsibilities of trustees and examiner
The trustees of the church are responsible for the preparation of accounts: they consider that the audit requirement under section 144(2) of the Charities Act 2011 (the 2011 Act),does not apply. It is my responsibility to :
-
Examine the accounts under section 145 of the 2011 Act.
-
Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 145(5)(b) of the 2011 Act.
-
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 Commissioners. An examination includes a review of the accounting records kept by the church 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 aspect, the trustees have not met the requirements to ensure that:
-
proper accounting records are kept( in accordance with section 130 of the 2011 Act
-
accounts are prepared which agree with the accounting records and comply
-
with the accounting requirements of the 2011 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
Chuks Ajuka BSc(Man), FICB PMDip FRESH FIRE ORGANISATION 95 Miles road Mitcham Surrey CR4 3FH
4
RHEMA WINNERS CITADEL
ACCOUNTS FOR THE YEAR ENDED 30th May 2021
1 Receipts & Payments Account (General Purpose Fund)
| Income Receipts Tithes and Offerings Interest Total Receipts Direct Charitable Expenditure Rent of Building Bank charges Mission Transport Welfare Music services Hospitality Insurance Renovation Pastor's wages Radio programs Advertising Speakers expenses Church conferences Accounting services Stationery & Books Other Expenditure Equipment Supplies Office expenses Total Payments Net Receipts/(Payments) for the year Cash Funds brought forward Cash Funds at the end of the year |
£/ 2021 £/2020 63538 59636 0 0 |
|---|---|
| 63538 59636 |
|
| 19249 28287 283 240 6859 350 2981 1390 1100 871 5100 8000 912 849 2880 1086 631 371 5170 6000 2000 1660 479 233 644 450 75 636 370 360 387 335 |
|
| 49120 51118 1699 1180 2750 0 5218 1822 |
|
| 9667 3002 58787 54120 4751 5516 35602 30086 |
|
| 40353 35602 |
5
RHEMA WINNERS CITADEL
2 Statements of Assets and Liabilities at 30th May 2021
| Cash Funds Santander bank Nationwide Total Cash Funds Assets Retained for the Charity's Own use Musical Instruments Equipments Liabilities Accounting fee |
Unrestricted Funds £/2021 £/2019 £ 40353 34802 800 |
|---|---|
| 40353 35602 |
|
| 2101 2626 3210 2313 |
|
| 5311 4939 360 360 |
Approved by the Trustees and signed on their behalf:
6
RHEMA WINNERS CITADEL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30th May 2021
ACCOUNTING POLICIES
Basis of Accounting
These accounts have been prepared on the receipts and payments basis under section of the Charities Act 2011.
Funds
Unrestricted funds are those which can be used at the Trustees' discretion. Restricted Funds are those whose purposes have been restricted by the donor.
Staff
The church had 1 employee during the accounting year. All the other work of the organisation was undertaken by volunteers during the financial year.
Related Party Transactions
Rev Jonas Ekue received £5170 from charity for services rendered as Pastor in the congregation.
Public Benefit
The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or aims that are for public benefit.Details of how this is achieved are provided in the Trustees report. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
7