2021-03-31-accounts - Rhema Evangelical Assembly

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Rhema Evangelical Assembly

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS

For Year Ended 31 March 2021

Registered Charity Number 1138905

Rhema Evangelical Assembly

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS

For the year ended 31[st] March 2021

CHARITY INFORMATION

Status Registered as a Charity Charity Number 1138905

Registered Office and Operational Address

30 Northiam Street Homerton LONDON E9 7HQ

Honorary Officers Bertin KIPULU (Chair) Elvine NGUEMA (Treasurer) Liliane KIBOBA (Secretary)

Bankers

Barclays Bank Dalston Branch S/C: 20-46-57 Acct: 53695239

Rhema Evangelical Assembly

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS

For the year ended 31[st] March 2021

The Trustees of Rhema Evangelical Assembly present its report and the financial statements for the year ended 31[st] March 2021

Review of the Organisation

Rhema Evangelical Assembly was established in 2010, as a faith group organisation to promote charitable purpose for the relief of poverty, through the advancement of education and training, and by Christian’s means.

The group is registered with the Charity Commission under registration number 1138905 and is operated in accordance with the Charity Act 1993.

Project Management and Governance

Rhema Evangelical Assembly is managed and governed by an elected volunteer Management Committee which gives the general direction of the charity, designs the strategic planning of the group and puts in place a subcommittee to deal with disciplinary measures and procedures as well as other requirements recommended by the Charity Commission.

At the time and up to the end of the year under review, the membership of the group’s management committee is shown at the bottom of this page.

Members of the management committee are non-executive and unpaid. They are required to meet regularly monthly, with the view to discuss the business of the charity and retain full and effective control over the organisation, its activities and its assets.

Review of the Year

A separate Annual Report gives a detailed account and review of the operations of the charity.

Members of the Management Committee

Rhema Evangelical Assembly’s Management Committee members have no beneficial interest in the charity and are not remunerated. The current membership seating on the Management Committee during the year and up to the date of this report were as follow:

Revd Bertin KIPULU (Chair) Ms Elvine NGUEMA (Treasurer) Mrs Lilianne KIBOBA (Secretary)

Rhema Evangelical Assembly

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS

For the year ended 31[st] March 2021

Statement of Management’s Responsibilities

The Trustees of Rhema Evangelical Assembly are aware that it is a legal requirement to prepare financial statements for each financial year, which will give the true and fair view of the state of the charity and of the surplus or deficit of the charity for the stated financial year.

In order to prepare these financial statements, they are required to:

Select suitable accounting policies and apply them consistently
Make judgements and estimates that are reasonable and prudent
Prepare the financial statements on an ongoing concern basis unless it is inappropriate to presume that the charity will continue in business

They are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity to enable them to ensure that the financial statements comply with the Charity Act 1993 and the revised Statement of Recommended Practice.

They are also responsible for safeguarding the assets of the charity and henceforth taking reasonable steps for the prevention and detection of fraud and other irregularities.

Financial Control and Risk Management

The Trustees of Rhema Evangelical Assembly are aware that it is they have responsibility for all systems of internal financial control applied at the centre, which are designed to provide reasonable, but not absolute, assurance against material misstatement or loss; and have identified key factors for sustainability, including control environment, control of key business risks, control of information system, control and review of procedures, project monitoring and evaluation, reserve policy, to sustain the organisation; and with respect to:

The reliability of financial information within the organisation for publication
The retention ad maintenance of appropriate accounting records
The safeguarding of assets against unauthorised use or disposal.

Independent Examiner

John B Lewis & Co have expressed their willingness to continue as the charitable organisation’s Independent Examiner.

Approved by the Management Committee on 28 / 01 / 2022 and

signed on their behalf by: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

Revd Bertin Kipulu Chair

Rhema Evangelical Assembly

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS

For the year ended 31[st] March 2021

Report of the Accountant’s to the Members of Rhema Evangelical Assembly

We report on the accounts of the Rhema Evangelical Assembly for the year ended 31 March 2021.

Respective responsibilities of Management Committee and accountants

As the Charity’s trustees, you are responsible for the preparation of the accounts as set out on page 2 of the financial statements.

Basis of opinion

Our work was carried out in accordance with the General directions given in the Statement of Standards for Reporting Accountants and to comply with the Charity’s governing document in lieu of audit. Our procedure consisted in comparing the accounts with the accountings with the accounting records kept by the charity’s trustees and making such limited enquiries of the officers of the charity as we consider necessary for the purpose of this report.

The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts.

Opinion

In connection with our examination, no matters have come to our attention:

(1) which gives us a reasonable cause to believe that in any material respect the requirements
(a) to keep accounting records in accordance with section 41 of the Act; and
(b) to prepare accounts which accord with the accounting records and comply with accounting

requirements of the Act have not been met.

(2) Having regard only to, and since the information contained in those accounting records, it is fair to state that the accounts have been drawn up in a manner consistent with the standard accounting requirements and have been properly prepared in accordance with the charity’s constitution.

Signed: ……………………………………………….

John B Lewis Accountants and tax Consultants 15 memorial Heights Monarch Way ILFIORD IG2 7HR

Approved by the Trustees on: 28/01/2022

Signed on their behalf by: …………………………………………. ~~Trustee~~ / Chair

Rhema Evangelical Assembly

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS

For the year ended 31[st] March 2021

Statement of Financial Activity for the year ended 31 March 2021

(Incorporating Income and Expenditure for the year under review, ended 31 March 2021).

Notes Incoming Resources Grants and donations 2 Memberships and subscriptions 2 Gift Aid HMRC Charities XT19924 Other fundraising activities Total Incoming Resources Resources Expended Direct Charitable Expenditure Administration and management Staff/volunteers travel & Expenses Advertising and promotion Total Resources Expended Net Income (Expenditure) for year Funds Brought Forward Funds Carried Forward			2021 Restricted Unrestricted Total 5,800 11,002 16,802 0 3,142 3,142 0 6,286 6,286 0 0 0 ______ 5,800 20,430 26,230 3,640 11,585 15,225 0 7,425 7,425 1,500 4 1,504 0 1,160 1,160 ________ 5,140 20,174 25,314 660 256 916 200 290 490 860 546 1,406	_	2020 14,960 3,715 6,751 0 _ £25,426 14,353 8,500 832 1,452 _ 25,136 290 200 490
				_

All the charity’s activities are classed as continuing. All movements are shown above. All recognised gains and losses are shown above.

Rhema Evangelical Assembly

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS

For the year ended 31[st] March 2021

Financial Balance Sheet as at 31 March 2021

Fixed Assets Office equipment Costs Balance B/F 613 Additions 1,240 Disposals 0 ______ 1,853 Net Fixed Assets Current Assets Cash at Bank and in Hand Less: Current Liabilities Accountancy fees Net Current Assets (-Liabilities) Total Assets Funds Restricted Funds Unrestricted Funds Total Funds	Accumulated Depreciation 367 0 0 _ 367 _	Accumulated Depreciation 367 0 0 _ 367 _	Accumulated Depreciation 367 0 0 _ 367 _	Depreciation For the year (30%) 123 310 0 __ 433 ______ 1,853 1,406 250 ______ 250 1,156 3,009 860 546 1,406	Depreciation For the year (30%) 123 310 0 __ 433 ______ 1,853 1,406 250 ______ 250 1,156 3,009 860 546 1,406	Depreciation For the year (30%) 123 310 0 __ 433 ______ 1,853 1,406 250 ______ 250 1,156 3,009 860 546 1,406	Depreciation For the year (30%) 123 310 0 __ 433 ______ 1,853 1,406 250 ______ 250 1,156 3,009 860 546 1,406		2021 £ NBV 490 930 0 _ 1,420 __ 290 200 __ 200 290 490
				_____ 1,406			_

These financial statements were approved by the executive Committee and signed

on their behalf by: _ _ _ _ _ _ _ _ _ _ _ __ _ _ _ _ _ Date: 28 / 01 / 2022 Chair /Trustee

(Delete as appropriate)

Rhema Evangelical Assembly

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS

For the year ended 31[st] March 2021

Incoming Resources

Sources Grants and donations Subscriptions and memberships Gift Aid HMRC Charities XT19924 Other fundraising activities Total Incoming Resources	2021 Total Amounts 16,802 3,142 6,286 0 26,230

Expended Resources

	2021
	Total (£)
Rent, hire, heating and lighting, and service charges for church premises	16,820
Advertising, Publicity and Promotion	1,160
Staffs & Volunteer Travel and expenses	1,504
Printing, postage, and stationery	853
Communications costs, Telephone etc.	450
Administration and management	4,527
	_______
Total expended resources	25,314

Rhema Evangelical Assembly

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS

For the year ended 31[st] March 2021

NOTES:

Accounting Policies

The financial statements have been prepared by the treasurer in accordance with applicable accounting standards and follow the recommendations in Statement of Recommended Practice: Accounting by Charities. All Grants received in the year were treated as income in the said year. All expenditures are debited to income and expenditure account in the year to which they relate.

1. Voluntary Income: Voluntary Income is received by way of donations and gifts and is included in the Statement of Financial Activities when receivable.

2. Grants: Grants are credited to the Statement of Financial Activities on the earlier date of receipt or when receivable, unless they relate to a specified future period, in which case they are deferred.

3. Restricted Funds: Restricted Funds are to be used for specified purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund, together with a fair apportionment of support and management and administration costs.

4. Unrestricted Funds: Unrestricted funds are donations and other incoming resources receivable or selfgenerated for the charitable purposes.

5. Depreciation: Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost of each asset over its estimated useful life at the following rates: Furniture, fittings and equipment 25% per 1 year.

6. Fixed Assets: Furniture and Office Equipments have been charged to the Income and Expenditure Account on acquisition. The group maintains a register of Fixed Assets, which consist in computer equipments acquired in the past year.

7. Liabilities: This represents amounts due to suppliers for goods supplied to the organisation.