## **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
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## **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)
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## **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:
1. Select suitable accounting policies and apply them consistently
2. Make judgements and estimates that are reasonable and prudent
3. 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:
1. The reliability of financial information within the organisation for publication
2. The retention ad maintenance of appropriate accounting records
3. 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
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## **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
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## **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.
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## **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)
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## **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 **|
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**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.
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