SUNRISE CHURCH
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31[ST] DECEMBER 2022
CHARITY NUMBER: 1146517
SUNRISE CHURCH
LEGAL & ADMINISTRATIVE DETAILS YEAR ENDED 31[ST] DECEMBER 2022
ADDRESS FOR CORRESPONDENCE
232 WINDMILL ROAD HEMEL HEMPSTEAD HP2 4BX
REGISTERED CHARITY NUMBER
1146517
GOVERNING DOCUMENT DECLARATION OF TRUST 1[ST] JANUARY 2012.
TRUSTEES
Ms Adeola Oluwatoyin Salako Mr Edicir Nunes Mr Ross Crawley
PRINCIPAL BANKERS BARCLAYS BANK PLC LEICESTER L87 2BB
INDEPENDENT EXAMINERS
FRESH FIRE ORGANISATION GENERATOR BUSINESS CENTRE 95 MILES ROAD MITCHAM CR4 3FH
SUNRISE CHURCH CEDAR HOUSE FEATHERBED LANE HEMEL HEMPSTEAD HP3 9DJ
INDEX Page Index 1 Trustee’s Report 2-3 Independent Examiner’s Report 4 Statement of Financial Activities 5 Balance Sheet 6 Notes on the financial Statements 7 - 11
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SUNRISE CHURCH
TRUSTEES’ REPORT YEAR ENDED 31[ST] DECEMBER 2022
The trustees are pleased to present their report for the year ended 31[ST] December 2022 for the charity, Sunrise Church with Charity Number 1146517.
The Trustees of the charity are: Mr Ross Crawley Ms Adeola Oluwatoyin Salako Mr Edicir Nunes
The principal address of the charity is: Cedar House
Featherbed Lane Hemel Hempstead HP3 9DJ
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity governing document is a trust deed that was adopted on 1[ST] January 2012 .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 Faith [in accordance with the Statement of Beliefs] through the holding of prayer meetings, lectures, public celebration of religious festivals and by producing and/or distributing literature and recorded material to enlighten others about the Christian faith. 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 .The church has moved into new premises in the community and continues to expand its outreach with its services.
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FINANCIAL REVIEW
The income of the charity is above £44,000. This is a decrease on the previous year’s income. The costs have been managed over this period. The church used a reasonable amount of its income this year in paying for the rent of its current hired premises.
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. The organisation is now putting plans in place to make sure they meet this reserves policy in the future.
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] April 2023 and signed on their behalf by:
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Independent Examiner’s Report To the Trustees
SUNRISE CHURCH
I report on the accounts of the church for the year ended 31[tst] December 2022 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.
CHUKS AJUKA BSc(Man), FICB PMDip FRESH FIRE ORGANISATION 95 Miles Road Mitcham Surrey CR4 3FH
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SUNRISE CHURCH
Statement of Financial Activities for the year ended 31st DECEMBER 2022
| Unrestricted | Total Funds | |||
|---|---|---|---|---|
| Funds | 2022 | 2021 | ||
| Incoming Resources £ | Note | £ | £ | |
| from generated funds | ||||
| Donations and Legacies | 2 | 33262 | 33262 | 40063 |
| Investment income | 3 | 0 | 0 | 0 |
| _______ | ||||
| 33262 | 33262 | 40063 | ||
| Other Income | ||||
| Other | 11314 | 11314 | 6964 | |
| _______ | ||||
| Total Incoming | 44576 | 44576 | 47027 | |
| Resources | ||||
| _______ | ||||
| Resources Expended | ||||
| Charitable activities in furtherance of objectives | ||||
| Cost of Activities | 6 | 50,018 | 50,018 | 40795 |
| Other | 4 | 783 | 783 | 292 |
| _______ | ||||
| Total Resources | 50,801 | 50,801 | 41087 | |
| Expended | _______ | |||
| Net movement in funds | -6,225 | -6,225 | 5940 | |
| Reconciliation of Funds | ||||
| Total Funds brought forward | 10750 | 10750 | 4810 | |
| Total Funds carried forward | 4,525 | 4,525 | 10750 |
The above funds are all classed as to purpose All movements of funds and all recognised gains and losses are included above.
The notes on the accounts form part of these accounts.
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SUNRISE CHURCH Balance Sheet as at 31st DECEMBER 2022
| £ Note Fixed Assets £ Tangible fixed assets 5 _ Current Assets Cash at bank and in hand Debtors & prepayments 9 Creditors:amounts falling due within one year Creditors & accruals 8 _ Net Current Assets Net Assets Unrestricted Funds General Fund _ TOTAL FUNDS _ |
£ £ |
2022 3574 _ 3574 25 1326 1351 400 951 _ 4525 4525 4525 |
£ |
2021 3994 |
|---|---|---|---|---|
| ____ |
____ |
_____ 3994 |
||
| ____ |
_____ 5825 1326 7151 395 |
|||
| ____ |
____ |
_____ 6756 |
||
| ____ |
___ 10750 10750 |
|||
| _ _ |
_ 10750 _ |
Approved by the trustees on 17th April 2023 and signed on their behalf:
The notes on these accounts form part of these accounts
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SUNRISE CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] DECEMBER 2022
1) Accounting Policies
These accounts have been prepared under the historic cost convention with items Recognised at cost or transaction values otherwise stated in the relevant note(s) to These accounts. The accounts have been prepared in accordance with: The Statement of Recommended Practice: Accounting and Reporting by Charities Preparing their accounts in accordance with the Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014.
- 1.1 Going Concern: The accounts are prepared on a going concern basis.
1.2 The accounts present a true and fair view and no change have been made to the accounting policies adopted.
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1.3 No changes to the accounting estimates have occurred in the reporting period
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1.5 No material prior year error have been identified in the reporting period.
Recognition of Income
These are included in the Statement of Financial Activities (SOFA) when:
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The charity becomes entitled to resources;
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It is more likely than not that the trustees will receive the resources;
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The monetary value can be measured with sufficient reliability.
Grants and Donations
Grants and Donations are only included in the SOFA when the general income recognition criteria are met (5.10 to 512 FRS102 SORP)
.
Tax reclaim on donations and gifts
Gift Aid receivable is included in the income when there is a valid declaration from the donor. Any gift aid amount recovered on a donation is considered to be part of that gift and is treated in addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
EXPENDITURE AND LIABILITIES
Liability Recognition
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
Grants and Support Costs
Support costs have been allocated between the governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
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SUNRISE CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] DECEMBER 2022
Creditors
The charity has creditors which are measured at settlement amounts less any trade discounts.
ASSETS
Tangible Fixed Assets for use by the charity
They are capitalised if they can be used for more than one year. They are valued at cost. The depreciation is calculated at 20% reducing balance method.
Debtors
Debtors are measured on initial recognition at settlement amount. Subsequently they are measured at cash.
.
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SUNRISE CHURCH
Notes to the accounts for year ended 31st DECEMBER 2022
2 Donations and Legacies
| Church collections Tithes Offerings Others Giftaid Total |
Unrestricted Total funds Funds 2022 2021 £ £ 26071 26071 32755 7191 7191 7308 11314 11314 6964 |
|---|---|
| _____ 44576 44576 47027 _____ |
3 Investment income
| Unrestricted | Unrestricted | Total funds | ||||
|---|---|---|---|---|---|---|
| Funds £ | 2022/£ | 2021/£ | ||||
| Bank Interest | 0 | 0 | 0 | |||
| 2022/£ | 2021/£ | |||||
| **4 ** | Other | Amount paid | Purpose | |||
| Missions | 20 | 0 | missions | |||
| Subscriptions | 763 | 292 | outreach | |||
| Donations<£1000 | 0 | 0 | ministry donations | |||
| ______ | ||||||
| 783 | 292 | |||||
| ______ | ||||||
| **5 ** | Tangible Fixed Assets | Instrument | Fitures | Equipment | Total 2022 | |
| Cost | £ | £ | £ | £ | ||
| At 01/01/2022 | 1453 | 700 | 11224 | 13377 | ||
| Additions | 0 0 473 473 ______ |
|||||
| At 31/12/2022 | 1453 | 700 | 11697 | 13850 | ||
| Depreciation | ||||||
| At 01/01/2022 | 1239 | 140 | 8004 | 9383 | ||
| charge for the year | 42 112 739 893 ______ |
|||||
| At 31/12/2022 | 1281 | 252 | 8743 | 10276 | ||
| Net Book Value at | 31/12/2022 | 172 | 448 | 2954 | 3574 | |
| Net Book Value at 01/01/2022 | 214 | 560 | 3220 | 3994 |
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SUNRISE CHURCH Notes to the accounts for year ended 31st December 2022
| **6 ** | Cost of Activities in furtherance of Charity's Objectives 2022/£ 2021/£ Rent of building 10214 5336 Admin services 2500 9301 Maintenance/ Repair 515 1462 Conference costs 0 22 Tracts/ Bibles 45 147 Church house rent 0 0 Light & heat 39 0 Salary 19957 17425 honorarium 595 350 Tax/Ni 7818 0 Professional fees 994 0 Hospitality 1009 82 Church events 50 65 Transport costs 1313 461 Advertising 28 106 Software costs 0 252 Insurance 602 442 Telephone 1734 1996 Stationary 343 212 Benevolent giving 0 0 Depreciation 893 999 Travel costs 0 0 Refreshments 0 652 Supplies 759 850 Independent examiner 610 635 _____ TOTAL 50018 40795 _____ |
|---|---|
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SUNRISE CHURCH Notes to the accounts for year ended 31st December 2022
2022 2021 7 Staff Costs £ £ Salaries 22457 2672 Tax/NI 7817 824 Total 30274 27550
No employee earned more than £15,000 p.a. There were 2 employees during the year.
| **8 ** | Creditors: amounts falling due within one year | Creditors: amounts falling due within one year | 2022/£ | 2021/£ | |
|---|---|---|---|---|---|
| Independent examination | 400 | 395 | |||
| HMRC | 0 | 0 | |||
| Total | 400 | 395 | |||
| **9 ** | Debtors and Prepayments | 2022/£ | 2021/£ | ||
| Debtors | 1326 | 1326 |
Trustee Remuneration
Trustee Rev Edicir Nunes was paid £19957 for services rendered to the church as a Pastor. This was paid through PAYE scheme.
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