Registered company number 8208837 Registered charity number 1149286
Church On The Rock Dominion Centre
Report and Accounts for the year ended 31 January 2024
## **Church On The Rock Dominion Centre Report and accounts Contents**
||**Page**|
|---|---|
|Report of the Trustees|1|
|Independent examiners' report|5|
|Statement of financial activities|6|
|Balance sheet|7|
|Notes to the financial statements|8|
|Detailed statement of financial activities|15|
## **Church On The Rock Dominion Centre Report of the Trustees**
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period ended 31 January 2024. The trustees have adopted the provisions of 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, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Charities Act 2011.
## **REFERENCE AND ADMINISTRATIVE INFORMATION**
**Registered company number** 8208837
## **Registered charity number**
1149286
## **Registered office**
Dominion Centre Wallis Avenue Southend on Sea Essex SS2 6HS
## **Trustees/Directors**
Rev Olabiyi Ajala Dr Oluseye Arikawe Joyce Ngonwe Dr Abiodun Popoola Dr Adenike Popoola
## **Company Secretary**
Dr Abiodun Popoola
## **Independent Examiner**
Stephen James Farrow FMAAT Estuary Accountancy Services 42 North Street Great Wakering Southend on Sea Essex SS3 0EL
## **Bankers**
Lloyds Bank PLC
1
## **Church On The Rock Dominion Centre Report of the Trustees**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The board of trustees actively reviews the major risks facing the charity on a regular basis and ensures that measures are put in place to safeguard the charity's funds and assets. The trustees also ensure that legal advice is sought when necessary on crucial issues concerning the ministry.
## **ACHIEVEMENT AND PERFORMANCE**
## **Objectives, activities and future plans**
The board of trustees regularly review risk/s to the charity and provide oversight to mitigate them by putting safeguarding measures in place to protect charity’s funds and assets. We ensure that legal advice is sought where and when necessary, on legal matters and on issues regarding our operations and members of the church. The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
We are a Christian Charitable Company limited by guarantee and bound by law to write a yearly report/projection, and as a Christian Organisation, we are committed to the effective spread of the Gospel of Christ, in Southend on Sea, Essex, the UK and Northern Ireland and the rest of the world. Our motto is ‘transforming lives equipping men’ and our ministry mandate is summed up in 3’D’sDiscovery, Discipleship & Deployments.
As part of our ministry, we do provide financial, spiritual and moral support through the inspiration of the Holy Ghost, to assist people in difficulties and otherwise, to discover their inner God-given purpose to serve God and humanity, and to make right impacts in the society. We organise mentorship activities for our members to become future leaders in the communities they live, and at workplaces.
As part of our regular and weekly ministry, we have in place, trained coordinators/leaders who manage the Children and the Youth Church on Sundays. We are blessed with increasing numbers of children and young people attending weekly services, and it is our duty to train them in the way they should go in life. In addition, we hold weekly prayer meetings on Fridays, and prayer vigils every third Friday of the month.
We also have weekly interactive Bible studies on Wednesdays where we welcome people to ask questions from the bible especially, those relating to the monthly themes. It is our belief that if our members are acquainted with the Bible, they will be able to teach others. So, our mandate as a religious organisation is to teach our members the word of God through the inspiration of the Holy Spirit.
Following the removal of the national COVID-19 lockdown, we have returned back to holding our services at the Dominion Centre, the place of worship, and people have started coming back to church especially for weekly services and night vigils. We have also restarted the house fellowship, and we are encouraging more people to host them in different areas/regions in Southend.
2
## **Church On The Rock Dominion Centre Report of the Trustees**
## **Charitable activities and future plans (continued)**
We are making move to add new facilities to the church including installing new audio/video equipment to facilitate live streaming via the social media platforms, this will put to bed every audio and video requirements, for now and for the future. In addition, another project is in the pipeline, we plan to construct a baptismal pool in the church, which will help us to achieve another one of our mission statement goals, Water baptism, which is an open declaration of an inner determination and commitment of an individual to the new life in Christ.
We pray that the church will continue to grow in strength and in leaps and bounds this year and subsequent years in Jesus' name.
## **FINANCIAL REVIEW**
The trustees continue to work towards maintaining unrestricted funds at a level which equates approximately three months of unrestricted expenditure.
The largest financial commitment of the charity was the mortgage on Dominion Centre, which was fully repaid in the year.
Please refer to the annexed accounts for a review of the finances of the Charity.
## **Review of financial position**
At the balance sheet date the charity had total funds of £118,027 (2023 £113,289), all of which were unrestricted. That total includes £1,383 (2023 £5,052) held in a bank account. All funds are unrestricted.
3
## **Church On The Rock Dominion Centre**
## **Report of the Trustees**
## **STATEMENT OF TRUSTEES'/DIRECTORS' RESPONSIBILITIES**
The trustees (who are also the directors of Church On The Rock Dominion Centre for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- ● prepare the accounts on the going concern basis unless it is inappropriate to presume that the charitable company will continue its operations.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees submit their report and financial statements for the period which comply with current statutory requirements and the governing documents of the charity.
The trustees are also responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation on the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
## **Small company provisions**
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 21 October 2024 and signed on its behalf.
Dr Abiodun Popoola Director/Trustee
4
## **Church On The Rock Dominion Centre Independent Examiner's Report for the year ended 31 January 2024**
I report on the accounts of Church On The Rock Dominion Centre for the period ended 31 January 2024, which are attached.
## _Respective responsibilities of trustees and examiner_
The charity's trustees (who are also directors for the purposes of company law) are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to an audit under company law and is eligible for independent examination, it is my responsibility to:
- examine the accounts under section 145 of the 2011 Act,
- to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act), and
- to 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 Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in t accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequentlyno opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statements below.
## _Independent examiner’s statement_
In connection with my examination, no matter has come to my attention
- 1 which gives me reasonable cause to believe that in, any material respect, the requirements:
-
- to keep accounting records in accordance with Sections 386 and 387 of the 2011 Act; and
- - to prepare accounts which accord with the accountingrecords, comply with the accounting requirements of Sections 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice; Accounting and Reporting by Charities;
have not been met; or
- 2 to which, in my opinion, attention should be drawn in order to enable a proper understandingof the accounts to be reached.
Signed:____________________________________________ Name: STEPHEN JAMES FARROW Relevant professional qualification or body: FMAAT
Address: Estuary Accountancy Services Ltd
42 North Street Great Wakering Essex SS3 0EL
Date: 21 October 2024
5
## **Church On The Rock Dominion Centre Statement of Financial Activities for the year ended 31 January 2024**
|**Notes**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**£**
**£**
**£**
**£**
_Income and endowments from:_
Donations and legacies
3.1
39,498
-
-
39,498
Investment income
3.2
-
-
-
-
**Total**
39,498
-
-
39,498
**Expenditure**
_Expenditure on:_
Charitable activities
4.1
34,210
-
-
34,210
Governance costs
4.2
550
-
-
550
**Total**
34,760
-
-
34,760
4,738
-
-
4,738
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
113,289
-
113,289
**TOTAL FUNDS CARRIED FORWARD**
118,027
-
-
118,027
**Net income/(expenditure) for the**
**reporting period**
**2024**|**2023**
**Prior year**
**funds**
**£**
34,125
21|
|---|---|
||34,146
43,252
360|
||43,612|
||(9,466)
122,755|
||113,289|
6
## **Church On The Rock Dominion Centre Balance Sheet as at 31 January 2024**
|**Notes**
**Fixed assets**
Tangible assets
8
**Current assets**
Debtors
9
Cash at bank and in hand
11
_Total current assets_
Creditors: amounts falling due
within one year
11
**Net current assets**
**TOTAL NET ASSETS**
**Funds of the Charity**
Unrestricted funds
12
**TOTAL FUNDS**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**£**
**£**
**£**
**£**
105,108
105,108
13,306
-
-
13,306
1,383
-
-
1,383
14,689
-
-
14,689
(1,770)
-
-
(1,770)
12,919
-
-
12,919
**118,027**
**-**
**-**
**118,027**
118,027
118,027
**118,027**
**-**
**-**
**118,027**
**2024**|**2023**
**Total funds**
**£**
103,128
5,914
5,052
10,966
(805)
10,161
**113,289**
113,289
**113,289**
-|
|---|---|---|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the charitable company to obtain an audit of its financial statements in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime and in accordance with FRS102 SORP.
Dr Abiodun Popoola Director/Trustee Approved by the board on 21 October 2024
7
## **Church On The Rock Dominion Centre Notes to the Financial Statements**
**for the year ended 31 January 2024**
## **1 BASIS OF PREPARATION**
## 1.1 _**Basis of accounting**_
The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes 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; > the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102); and > the Charities Act 2011.
## 1.2 _**Going concern**_
There are no material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern.
## 1.3 _**Change of accounting policy**_
The accounts present a true and fair view and no changes have been made to the accounting policies adopted as laid out here.
## 1.4 _**Changes to accounting estimates**_
No changes to accounting estimates have occurred in the reporting period (3.46 FRS102 SORP)
## 1.5 _**Material prior year errors**_
No material prior year errors have been identified in the reporting period (3.47 FRS102 SORP).
## **2 ACCOUNTING POLICIES**
## 2.1 _**Reconciliation with previous generally accepted accounting practice**_
There were no changes in accounting policy which required adjustment to, or reconciliation of, previous figures.
## 2.2 _**Income**_
|**Recognition of income**
These are included in the Statement of Financial Activities (SoFA) when:
the charity becomes entitled to the resources;
it is more likely than not that the trustees will receive the resources;
the monetary value can be measured with sufficient reliability.
**Offsetting**
There has been no offsetting of assets and liabilities, or income and
expenses, unless required or permitted by the FRS 102 SORP or FRS 102.
**Grants and donations**
Grants and donations are only included in the SoFA when the general
income recognition criteria are met (5.10 to 5.12 FRS102 SORP).
In the case of performance related grants, income must only be recognised
to the extent that the charity has provided the specified goods or services as
entitlement to the grant only occurs when the performance related
conditions are met (5.16 FRS 102 SORP).|Yes*
No*
N/a*|Yes*
No*
N/a*|Yes*
No*
N/a*|
|---|---|---|---|
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
8
## **Church On The Rock Dominion Centre Notes to the Financial Statements for the year ended 31 January 2024**
|**Volunteer help**
The value of any voluntary help received is not included in the accounts but
is described in the trustees’ annual report.
**Income from interest,**
**royalties and dividends**
This is included in the accounts when receipt is probable and the amount
receivable can be measured reliably.
**Donated services and**
**facilities**
Donated services and facilities are included in the SOFA when received at
the value of the gift to the charity provided the value of the gift can be
measured reliably.
Donated services and facilities that are consumed immediately are
recognised as income with an equivalent amount recognised as an expense
under the appropriate heading in the SOFA.
**Support costs**
The charity has incurred expenditure on support costs.
Gifts in kind for use by the charity are included in the SoFA as income from
donations when receivable.
**Contractual income and**
**performance related**
**grants**
This is only included in the SoFA once the charity has provided the related
goods or services or met the performance related conditions.
**Donated goods**
Donated goods are measured at fair value (the amount for which the asset
could be exchanged) unless impractical to do so.
**Tax reclaims on**
**donations and gifts**
Gift Aid receivable is included in 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 as an addition to the same fund as the
initial donation unless the donor or the terms of the appeal have specified
otherwise.
**Legacies**
Donated goods for resale are measured at fair value on initial recognition,
which is the expected proceeds from sale less the expected costs of sale,
and recognised in 'Income from other trading activities' with the
corresponding stock recognised in the balance sheet. On its sale the value
Goods donated for on-going use by the charity are recognised as tangible
fixed assets and included in the SoFA as incoming resources when
receivable.
The cost of any stock of goods donated for distribution to beneficiaries is
deemed to be the fair value of those gifts at the time of their receipt and they
are recognised on receipt. In the reporting period in which the stocks are
distributed, they are recognised as an expense at the carrying amount of the
stocks at distribution.
Legacies are included in the SOFA when receipt is probable, that is, when
there has been grant of probate, the executors have established that there
are sufficient assets in the estate and any conditions attached to the legacy
are either within the control of the charity or have been met.
**Government grants**
The charity has received government grants in the reporting period|Yes*
No*
N/a*|Yes*
No*
N/a*|Yes*
No*
N/a*|
|---|---|---|---|
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
9
## **Church On The Rock Dominion Centre Notes to the Financial Statements for the year ended 31 January 2024**
|**2.3**
**Grants with**
**performance conditions**
**2.4 Assets**
**Provisions for liabilities**
A liability is measured on recognition at its historical cost and then
subsequently measured at the best estimate of the amount required to settle
the obligation at the reporting date
**Basic financial**
**instruments**
The charity accounts for basic financial instruments on initial recognition as
per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per
paragraphs 11.17 to 11.19, FRS102 SORP.
**Redundancy cost**
The charity made no redundancy payments during the reporting period.
**Deferred income**
No material item of deferred income has been included in the accounts.
Support costs include central functions and have been allocated to activity
cost categories on a basis consistent with the use of resources, eg
allocating property costs by floor areas, or per capita, staff costs by the time
spent and other costs by their usage.
Where the charity gives a grant with conditions for its payment being a
specific level of service or output to be provided, such grants are only
recognised in the SoFA once the recipient of the grant has provided the
specified service or output.
**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.
Membership subscriptions which gives a member the right to buy services
or other benefits are recognised as income earned from the provision of
goods and services as income from charitable activities.
**Settlement of insurance**
**claims**
Insurance claims are only included in the SoFA when the general income
recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included
as an item of other income in the SoFA.
**Tangible fixed assets for**
**use by charity**
These are capitalised if they can be used for more than one year, and cost
at least £500.
They are valued at cost.
The depreciation rates and methods used are disclosed in note 14.
**Creditors**
The charity has creditors which are measured at settlement amounts less
any trade discounts
**Grants payable without**
**performance conditions**
Where there are no conditions attaching to the grant that enables the donor
charity to realistically avoid the commitment, a liability for the full funding
obligation must be recognised.
**Governance and**
**support costs**
Support costs have been allocated between governance costs and other
support. Governance costs comprise all costs involving public
accountability of the charity and its compliance with regulation and good
practice.
**Investment gains and**
**losses**
This includes any realised or unrealised gains or losses on the sale of
investments and any gain or loss resulting from revaluing investments to
market value at the end of the year.
**Income from**
**membership**
**subscriptions**
Membership subscriptions received in the nature of a gift are recognised in
Donations and Legacies.|Yes*
No*
N/a*|Yes*
No*
N/a*|Yes*
No*
N/a*|
|---|---|---|---|
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
|||||
|||||
||Yes*
No*
N/a*|||
|||||
|||||
10
## **Church On The Rock Dominion Centre Notes to the Financial Statements for the year ended 31 January 2024**
|**POLICIES ADOPTED**
**ADDITIONAL TO OR**
**DIFFERENT FROM**
**THOSE ABOVE**
**Debtors**
**Current asset**
**investments**
**Stocks and work in**
**progress**
**Investments**
**Heritage assets**
**Intangible fixed assets**|They are valued at fair value except where they qualify as basic financial
instruments.
Debtors (including trade debtors and loans receivable) are measured on
initial recognition at settlement amount after any trade discounts or amount
advanced by the charity. Subsequently, they are measured at the cash or
other consideration expected to be received.
The charity has investments which it holds for resale or pending their sale
and cash and cash equivalents with a maturity date less than one year.
These include cash on deposit and cash equivalents with a maturity of loss
than one year held for investment purposes rather than to meet short-term
cash commitments as they fall due.
Work in progress is valued at cost less any foreseeable loss that is likely to
occur on the contract.
Stocks held for sale as part of non-charitable trade are measured at the
lower or cost or net realisable value.
Goods or services provided as part of a charitable activity are measured at
net realisable value based on the service potential provided by items of
stock.
Investments held for resale or pending their sale and cash and cash
equivalents with a maturity date of less than 1 year are treated as current
asset investments
They are valued at cost.
Fixed asset investments in quoted shares, traded bonds and similar
investments are valued at initially at cost and subsequently at fair value
(their market value) at the year end. The same treatment is applied to
unlisted investments unless fair value cannot be measured reliably in which
case it is measured at cost less impairment.
They are valued at cost.
The charity has heritage assets, that is, non-monetary assets with historic,
artistic, scientific, technological, geophysical or environmental qualities that
are held and maintained principally for their contribution to knowledge and
culture. The depreciation rates and methods used as disclosed in note 16.
The charity has intangible fixed assets, that is, non-monetary assets that do
not have physical substance but are identifiable and are controlled by the
charity through custody or legal rights. The amortisation rates and methods
used are disclosed in note 15.|Yes*
No*
N/a*|Yes*
No*
N/a*|Yes*
No*
N/a*|
|---|---|---|---|---|
||||||
|||Yes*
No*
N/a*|||
||||||
|||Yes*
No*
N/a*|||
||||||
|||Yes*
No*
N/a*|||
||||||
|||Yes*
No*
N/a*|||
||||||
|||Yes*
No*
N/a*|||
||||||
|||Yes*
No*
N/a*|||
||||||
|||Yes*
No*
N/a*|||
||||||
|||Yes*
No*
N/a*|||
||||||
|||Yes*
No*
N/a*|||
||||||
|||Yes*
No*
N/a*|||
||||||
|||Yes*
No*
N/a*|||
||||||
||||||
||**Not applicable**||||
11
## **Church On The Rock Dominion Centre Notes to the Financial Statements for the year ended 31 January 2024**
|**3**
**INCOME**
**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**£**
**£**
**£**
**£**
3.1 _Donations and legacies:_
Tithes, offerings and donations
32,106
32,106
Gift Aid refund
7,392
7,392
39,498
-
-
39,498
3.2 _Investment income:_
Interest received
-
-
-
-
-
-
**Total income**
**39,498**
**-**
**-**
**39,498**
All income in the prior year was unrestricted.
**4**
**EXPENDITURE**
**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**£**
**£**
**£**
**£**
4.1 _Charitable activities:_
Salary
Note 7
11,464
11,464
Pension
188
188
Ministry expenses
1,268
1,268
Conferences and training
900
900
Gifts and helps
706
706
10,702
10,702
Rates and water
3,476
3,476
Light and heat
1,200
1,200
Refreshments
191
191
Telephone and communications c
411
411
Website costs
282
282
Insurance
486
486
Postage, stationery and printing
551
551
Software
-
-
Repairs and maintenance
841
841
Depreciation
1,184
1,184
Bank charges and interest
347
347
Sundry expenses
13
13
34,210
-
-
34,210
4.2 _Governance costs:_
100
100
Independent examiner's fee
200
200
Payroll services
250
250
550
-
-
550
**Total expenditure**
**34,760**
**-**
**-**
**34,760**
**2024**
**2024**
Motor, travel and
accommodation expenses
Accountancy fee - Gift Aid
reclaim|**2023**
**Prior year**
**funds**
**£**
28,211
5,914|
|---|---|
||34,125|
||21|
||21|
|||
||**34,146**|
||**2023**
**Prior year**
**funds**
**£**
11,913
170
2,314
345
2,890
13,505
3,099
689
726
465
239
473
-
168
5,351
774
118
13|
||43,252|
||100
200
60|
||360|
|||
||**43,612**|
All expenditure in the prior year was unrestricted. All expenditure incurred in both years was for the running of the church as defined by its objectives. No individual items of expenditure were material in nature or amount.
There were no extraordinary items of income or expenditure in either year.
**5 EXTRAORDINARY ITEMS**
12
## **Church On The Rock Dominion Centre Notes to the Financial Statements for the year ended 31 January 2024**
## **6 PAID EMPLOYEES**
|6.1 Staff Costs
Pastor's Salary
Pension contributions
**Total**|**2024**
**£**
11,464
188
**11,652**|**2023**
**£**
11,913
170|
|---|---|---|
|||**12,083**|
No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000
|6.2 Average head count in the year
Charitable activities
**Total**|**2024**
1
**1**|**2023**
1|
|---|---|---|
|||**1**|
## **7 PENSION SCHEME**
A pension scheme is currently in operation for the sole paid employee of the charity, commencing during 2021.
## **8 TANGIBLE FIXED ASSETS**
|**Cost or valuation**
At 1 February 2023
Additions
At 31 January 2024
**Depreciation**
At 1 February 2023
Charge for the year
At 31 January 2024
**Net book value**
At 31 January 2024
At 31 January 2023
Freehold land and buildings:
Historical cost
Cumulative depreciation based on historical cost|**Freehold**
**property**
**Church, office**
**and computer**
**equipment**
**Motor**
**vehicles**
**£**
**£**
**£**
100,000
5,570
5,760
-
3,164
-
100,000
8,734
5,760
-
2,766
5,436
-
1,103
81
-
3,869
5,517
100,000
4,865
243
100,000
2,804
324
**2024**
**£**
100,000
-
_25% reducing balance_|**Total**
**£**
111,330
3,164|
|---|---|---|
|||114,494|
|||8,202
1,184|
||-
3,869|9,386|
||100,000
4,865|105,108|
||100,000
2,804|103,128|
|||**2023**
**£**
100,000|
|||-|
The freehold property is the church building - Dominion Centre, Wallis Avenue, Southend on Sea, Essex SS2 6HS.
**9**
|**DEBTORS AND PREPAYMENTS**
Gift Aid refund
**CASH AT BANK AND IN HAND**
Cash at bank and on hand
**Total**|**2024**
**£**
13,306
**2024**
**£**
1,383
**1,383**|**2023**
**£**
5,914|
|---|---|---|
|||**2023**
**£**
5,052|
|||**5,052**|
**10**
13
## **Church On The Rock Dominion Centre Notes to the Financial Statements**
**for the year ended 31 January 2024**
|**11**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Taxes and social security
Accruals
**Total**
**12**
**MOVEMENTS IN FUNDS**
12.1
Funds held and movements during the current financial period:
**01/02/2023**
**Income**
**£**
**£**
**Unrestricted funds**
General fund
113,289
39,498
113,289
39,498
12.2
Funds held and movements during the previous financial period:
**31/01/2022**
**Income**
**£**
**£**
**Unrestricted funds**
General fund
122,755
34,146
122,755
34,146
**13**
**TRANSACTIONS WITH TRUSTEES AND RELATED PARTIES**
13.1
Trustee remuneration and benefits
In the financial period the charity paid the following remuneration to a trustee:
Pastor Abiodun Popoola
13.2
Trustees' expenses|**2024**
**£**
105
915
750
**1,770**
**Expenditure**
**£**
34,760
34,760
**Expenditure**
**£**
43,612
43,612
**2024**
**£**
11,464
**11,464**|**2023**
**£**
54
435
315|
|---|---|---|
|||**805**|
|||**31/01/2024**
**£**
118,027|
|||118,027|
|||**31/01/2023**
**£**
113,289|
|||113,289|
|||**2023**
**£**
11,913|
|||**11,913**|
||||
During the year various expenses incurred by Pastor Abiodun Popoola in the course of his work for the charity were reimbursed to him, as detailed under Note 4.
14
## **Church On The Rock Dominion Centre Detailed Statement of Financial Activities for the year ended 31 January 2024**
|**INCOMING RESOURCES**
**Voluntary income**
Tithes, offerings and donations
Gift Aid refund
**Investment income**
Interest received
**RESOURCES EXPENDED**
**Charitable activities**
Salary
Pension costs
Ministry expenses
Conferences and training
Gifts and helps
Motor, travel and accommodation expenses
Rates and water
Light and heat
Refreshments
Telephone and communications costs
Website costs
Insurance
Postage, stationery and printing
Software
Repairs and maintenance
Depreciation
Bank charges
Interest payable
Sundry expenses
**Governance costs**
Independent examiner's fee
Accountancy fees - Gift Aid reclaim
Payroll services
**Total resources expended**
**Net income/(expenditure)**|**2024**
**£**
32,106
7,392
39,498
-
-
11,464
188
1,268
900
706
10,702
3,476
1,200
191
411
282
486
551
-
841
1,184
347
-
13
34,210
200
100
250
550
34,760
4,738|**2023**
**£**
28,211
5,914|
|---|---|---|
|||34,125|
|||21|
|||21|
|||11,913
170
2,314
345
2,890
13,505
3,099
689
726
465
239
473
-
168
5,351
774
118
-
13|
|||43,252|
|||200
100
60|
|||360|
||||
|||43,612|
||||
|||(9,466)|
15