REGISTERED CHARITY NUMBER: 1133653
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2022
for
WEST LONDON REVIVAL BOOKSHOP
Ark Accountancy Chartered Certified Accountant 31 Cheam Road Epsom Surrey KT17 1QX
WEST LONDON REVIVAL BOOKSHOP
Contents of the Financial Statements for the Year Ended 31 March 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 10 |
| Detailed Statement of Financial Activities | 11 |
WEST LONDON REVIVAL BOOKSHOP
for the Year Ended 31 March 2022
Report of the Trustees
The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The advancement of the Christian religion and education, in particular, but not exclusively by the establishment, assistance and support of charitable organisations and activities for the promotion of Christian missionary educational and evangelical work as well as through the holding of prayer meetings, lectures, publications, distribution of Christian literature, audio visual aids, books, pamphlets, leaflets, films and other materials to enlighten others about the Christian religion.
To provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who may have need of such facilities by reason of their youth, age, infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life.
The relief of poverty, in particular by the provision of grant assistance to the impoverished.
Volunteers
All our activities are regularly supported by 50 plus volunteers and growing.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Due to the pandemic, we once again hosted our international convention online in June 2021. The three-day event was a success and was well attended as last year's. We were, once again, able to extend the scope of our outreach to many and provided much needed wellbeing support throughout the year.
We successfully maintained our weekly activities, whether online or face to face, as permitted. Many were strengthened spiritually with some visitors subsequently becoming members. Our ability to pursue our charitable purpose remains unabated.
During the year, we commenced negotiations for the leasing of a new hall which will become our permanent home once refurbishment works are completed. We are excited about this as it is a fulfilment of a long-term goal.
FINANCIAL REVIEW Reserves policy
The main purpose of our reserves is to fund, eventually, the purchase of our own hall.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1133653
Principal address
46 Kingfisher Court Bridge Road East Molesey Surrey KT8 9HN
Trustees
A A Okunola Trustee S P Bellinger Trustee P C Ward Trustee
Page 1
WEST LONDON REVIVAL BOOKSHOP
for the Year Ended 31 March 2022
Report of the Trustees
REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner
Mary E Ryan Ark Accountancy Chartered Certified Accountant 31 Cheam Road Epsom Surrey KT17 1QX
Bankers
Metro Bank One Southampton Row London WC1B 5HA
Lloyds Bank plc Warwick Branch PO Box 1000 BX1 1LT
Approved by order of the board of trustees on 27 July 2022 and signed on its behalf by:
A A Okunola - Trustee
Page 2
Independent Examiner's Report to the Trustees of WEST LONDON REVIVAL BOOKSHOP
Independent examiner's report to the trustees of WEST LONDON REVIVAL BOOKSHOP
I report to the charity trustees on my examination of the accounts of WEST LONDON REVIVAL BOOKSHOP (the Trust) for the year ended 31 March 2022.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mary E Ryan Ark Accountancy Chartered Certified Accountant 31 Cheam Road Epsom Surrey KT17 1QX
27 July 2022
Page 3
WEST LONDON REVIVAL BOOKSHOP
Statement of Financial Activities for the Year Ended 31 March 2022
| 31.3.22 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 50,096 Investment income 2 1,474 Total 51,570 EXPENDITURE ON Charitable activities Fellowship and outreach activities 34,539 NET INCOME 17,031 RECONCILIATION OF FUNDS Total funds brought forward 219,076 TOTAL FUNDS CARRIED FORWARD 236,107 |
31.3.21 Total funds £ 35,474 1,219 |
|---|---|
| 36,693 12,461 |
|
| 24,232 194,844 |
|
| 219,076 |
The notes form part of these financial statements
Page 4
WEST LONDON REVIVAL BOOKSHOP
Balance Sheet
31 March 2022
| 31.3.22 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 5 425 CURRENT ASSETS Debtors 6 9,411 Cash at bank 228,021 237,432 CREDITORS Amounts falling due within one year 7 (1,750) NET CURRENT ASSETS 235,682 TOTAL ASSETS LESS CURRENT LIABILITIES 236,107 NET ASSETS 236,107 FUNDS 8 Unrestricted funds 236,107 TOTAL FUNDS 236,107 |
31.3.21 Total funds £ 1,949 7,085 211,792 218,877 (1,750) 217,127 219,076 219,076 219,076 219,076 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 27 July 2022 and were signed on its behalf by:
A A Okunola - Trustee
The notes form part of these financial statements
Page 5
WEST LONDON REVIVAL BOOKSHOP
Notes to the Financial Statements for the Year Ended 31 March 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
PA Equipment - 33% on cost Computer equipment - 50% on cost and 25% on cost
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. There were no restricted funds.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Page 6
continued...
WEST LONDON REVIVAL BOOKSHOP
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31.3.22 | 31.3.21 | |
| £ | £ | |
| Deposit account interest | 1,474 | 1,219 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
Trustees' expenses
Trustees' expenses of £7,684 (2021 £1,884) were reimbursed to two trustees.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 35,474 |
| Investment income | 1,219 |
| Total | 36,693 |
| EXPENDITURE ON | |
| Charitable activities | |
| Fellowship and outreach activities | 12,461 |
| NET INCOME | 24,232 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 194,844 |
| TOTAL FUNDS CARRIED FORWARD | 219,076 |
continued...
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WEST LONDON REVIVAL BOOKSHOP
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
| 5. TANGIBLE FIXED ASSETS PA Equipment £ COST At 1 April 2021 2,354 Additions - At 31 March 2022 2,354 DEPRECIATION At 1 April 2021 2,354 Charge for year - At 31 March 2022 2,354 NET BOOK VALUE At 31 March 2022 - At 31 March 2021 - 6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Tax 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 8. MOVEMENT IN FUNDS At 1.4.21 £ Unrestricted funds General fund 219,076 TOTAL FUNDS 219,076 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 51,570 TOTAL FUNDS 51,570 |
Computer equipment Totals £ £ 7,924 10,278 850 850 8,774 11,128 5,975 8,329 2,374 2,374 8,349 10,703 425 425 1,949 1,949 31.3.22 31.3.21 £ £ 9,411 7,085 31.3.22 31.3.21 £ £ 1,750 1,750 Net movement At in funds 31.3.22 £ £ 17,031 236,107 17,031 236,107 Resources Movement expended in funds £ £ (34,539) 17,031 (34,539) 17,031 |
|---|---|
continued...
Page 8
WEST LONDON REVIVAL BOOKSHOP
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
8. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.4.20 £ Unrestricted funds General fund 194,844 TOTAL FUNDS 194,844 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 36,693 TOTAL FUNDS 36,693 |
Net movement At in funds 31.3.21 £ £ 24,232 219,076 24,232 219,076 Resources Movement expended in funds £ £ (12,461) 24,232 (12,461) 24,232 |
At 31.3.21 £ 219,076 |
At 31.3.21 £ 219,076 |
|---|---|---|---|
| 219,076 | |||
| 24,232 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.4.20 £ 194,844 194,844 |
Net movement in funds £ 41,263 41,263 |
At 31.3.22 £ 236,107 |
|---|---|---|---|
| 236,107 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 88,263 | (47,000) | 41,263 |
| TOTAL FUNDS | 88,263 | (47,000) | 41,263 |
continued...
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WEST LONDON REVIVAL BOOKSHOP
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
9. RELATED PARTY DISCLOSURES
The only related party transactions were reimbursed expenses disclosed in note 3.
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WEST LONDON REVIVAL BOOKSHOP
Detailed Statement of Financial Activities for the Year Ended 31 March 2022
| Detailed Statement of Financial Activities for the Year Ended 31 March 2022 |
||
|---|---|---|
| 31.3.22 | 31.3.21 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 50,096 | 35,474 |
| Investment income | ||
| Deposit account interest | 1,474 | 1,219 |
| Total incoming resources | 51,570 | 36,693 |
| EXPENDITURE | ||
| Charitable activities | ||
| Other operating leases | 15,000 | 7,500 |
| Insurance | 228 | 223 |
| Telephone | 417 | 417 |
| Printing leaflets and stationery | 518 | - |
| Sundries | 180 | 941 |
| Religious and social functions | - | 40 |
| Outreach expenses | - | 30 |
| Computer consumables | - | 401 |
| Repairs and renewals | 354 | 140 |
| Travel | 778 | (554) |
| Legal and professional | 12,040 | - |
| Depn of PA Equipment | - | 785 |
| Computer equipment | 2,374 | 1,948 |
| Grants to individuals | 2,150 | 90 |
| 34,039 | 11,961 | |
| Support costs | ||
| Governance costs | ||
| Accountancy fees | 500 | 500 |
| Total resources expended | 34,539 | 12,461 |
| Net income | 17,031 | 24,232 |
This page does not form part of the statutory financial statements
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