RIVER OF LIFE CITY CHURCH
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31[ST] December 2021
CHARITY NUMBER: 1142098
RIVER OF LIFE CITY CHURCH ST MARKS CHURCH KENNINGTON PARK ROAD LONDON SE11 4PW
INDEX Page Index 1 Trustee’s Report 2 - 3 Independent Examiner’s Report 4 Receipts and Payments Account 5 Statement of Assets and Liabilities 6 Notes on the financial Statements 7
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RIVER OF LIFE CITY CHURCH
TRUSTEES’ REPORT YEAR ENDED 31[ST] DECEMBER 2021
The trustees are pleased to present their report for the year ended 31[st] December 2021 for the charity, River of Life City Church with charity number 1142098.
The Trustees of the charity are: Mr Charles Wesley Rev James Ennin Mr David Tetteh
The principal address of the charity is : St Marks Church Kennington Park road SE11 4PW
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity governing document is a declaration of trust that was executed 19[TH ] May 20011.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 first to advance the Christian faith in accordance with the statement of beliefs for the benefit in the United Kingdom and in such other parts of the world as the trustees may think 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 meetings through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. The pandemic has caused the church to continue to hold all its services and activities online on Zoom software. This proved to be quite fruitful as many individuals from outside their community were able to log on and participate in the programs. The church is now in the process of moving back to its regular place of worship.
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FINANCIAL REVIEW
The income of the charity is above £85,000. A large portion of its resources was used in covering the operational costs involved in hosting services and online bible programs during the financial year. This is a good amount for this year of the charity the costs have been well managed over this period. The organisation continues to maintain a healthy surplus in its bank account and there are no outstanding debts. The organisation is a going concern.
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.
FUTURE DEVELOPMENTS
The church intends to continue to host its regular yearly youth conference and womens’ conference in the UK. They will continue to host their regular worship services and prayer meetings. The intended re-appointment of our present independent examiner at the upcoming trustee meeting is expected to support the financial operations by making it more effective.
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:
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Select suitable accounting policies and apply them consistently.
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Make judgements and estimates that are reasonable and prudent.
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State whether the applicable accounting standards have been followed.
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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 17[th] February 2022 and signed on their behalf by:
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Independent Examiner’s Report To the Trustees
RIVER OF LIFE CITY CHURCH
I report on the accounts of the church for the year ended 31[ST] December 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 :
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Examine the accounts under section 145 of the 2011 Act.
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Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 145(5)(b) of the 2011 Act.
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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;
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(1) which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that:
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proper accounting records are kept( in accordance with section 130 of the 2011 Act
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accounts are prepared which agree with the accounting records and comply
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with the accounting requirements of the 2011 Act: or
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(2) to which , in my opinion , attention should be drawn in order to enable a proper understanding of the accounts to be reached.
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Chuks Ajuka Bsc(Man) FICB, PMDip FRESH FIRE ORGANISATION Generator Business Centre 95 Miles Road Mitcham Surrey CR4 3FH
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RIVER OF LIFE CITY CHURCH
ACCOUNTS FOR THE YEAR ENDED 31st December 2021
1 Receipts & Payments Account (General Purpose Fund)
| Income Receipts Donations Gift Aid Total Receipts Direct Charitable Expenditure Pension and Healthcare Travel & Substitence Stationary Insurance Admin Youth outreaches Repairs & Maintenance Telephone Welfare Ministry expenses Salaries and Wages HMRC Missions and Evangelism Rent Equipment Subscriptions Bank charges Media services Legal/Professional fees Mission house expenses Honorarium Conference costs Hospitality Total Payments Net Receipts/(Payments) for the year Cash Funds brought forward Cash Funds at the end of the year |
£ 2021 67668 18930 _ 86598 _ 2542 10129 1141 1114 3018 150 175 2408 5958 2925 22800 3561 4408 0 1637 244 639 1825 2335 5893 2050 0 496 75448 11150 46020 ___ 57170 |
£ 2020 77078 18120 |
|---|---|---|
| ___ 95198 |
||
| ___ 2846 3592 1209 1830 3167 620 156 2781 13629 1500 22800 3376 4615 5901 300 425 0 0 2176 5790 2900 1221 200 |
||
| 81034 14164 31856 |
||
| ___ 46020 |
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RIVER OF LIFE CITY CHURCH
2 Statements of Assets and Liabilities at 31st December 2021
| Cash Funds Bank and Cash in hand Total Cash Funds Assets Retained for the Charity's Own use Equipment Liabilities Accounting fee |
Unrestricted Funds 2021 £ 57170 _ 57170 _ 3650 ___ 3650 360 |
2020 £ 46020 |
|---|---|---|
| ___ 46020 |
||
| ___ 2925 |
||
| ___ 2925 360 |
Approved by the Trustees and signed on their behalf:
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RIVER OF LIFE CITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st December 2021
ACCOUNTING POLICIES
Basis of Accounting
These accounts have been prepared on the receipts and payments basis under section 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.
Trustee Payments
The trustee Rev James Ennin was paid emoluments of £22800 for pastoral services rendered to the organisation. All other work was carried out by volunteers. The organisation had 1 employee during the financial year.
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.
Depreciaition
Depreciation is calculated on a 20% reducing balance basis.
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