Unaudited Annual Financial Statements LArrER RAIN MISSION INTERNATIONAL (UK) UNAUDITED ANNUAL FINANCIAL sfATEMENTS for the year ended 30 June 2021
LAThER RAIN MISSION [ERNATIONAL (UK) Unaudtted Annual Financial Ststements for the year ended 30 June 2021 Report of Tnjstees IndeperKlent Examiner's Rq stateMt of Financial ktiVi - IKome ststernt of nan0a1 Acbvits . EXpK11ture Balance Sheet Notes to ttE Annual Financial Statemerts
Re[)rt of the Trtee5 Unaudited Annual ffnancial Statements for the year ended 30 June 2021 Latter Rain Misgon Intemational in the U.L has urth tr n(l of rert. as a wisttred (harFty. continueij tr) fvlfil the wrpose for wthith it Wds eStst4is. Thwe are three W eleThts under whKI) we to present our annual retrf)r¢ namely.. i. Congregation Care and ii. (krtreath iii. OperatK)nal Matters Ccryregation Care and SuppNt: As a churth we (Dnbnued to seNe our thr(wW the Lknited on the Isle of Man. Our congregabon meMr$ who worship at the Fairt44ven Fatth Hon a a(TOSS the country. Those who live IlIY a rN)re able tD regularly atterKJ the thurch 5ervicps other that are hdd at the Fèith Home. CL)ngregation members who INe further afidd atteTrJ se a1 vthen they on make u of the accommcmlation pThided for them on the prunises when doiThJ C(regatiOn care continues to inclijde to crgregat meMrS hospital wsits as wdl as the provigon of SUPF¥Nt in VBTiOU5 forms as the need wular communication was maintsined via onail soriaj malia daity Mess Yre sent to courage the members in their fath tdiefs. Congregation members are encourag8J to icin worship pr(yJrdm duting Yk at week5 this comprise5 of prayer meetings SeNt aTrJ &l)le 51wdies these are atteTrtsJ in per or online. Variou5 gatherings were hekl durirrfJ the in qu&( frieThts. memtws from other churche5 and rEighLx)urs gathered to felk)wship CIaliSe tDJether. Due to the continuing comna virus 1cthth7nS durirvJ 2020 aTxI 2021 mary of the acbvltFes had to te ojrtailed and ere possible these acbvths were hdd ortr11r. From spriTrJ 2021 were ab t¥ restart our Church aLtNitse5 cAreftJlfv adherino to ts 0)¥t reau1ats restricb CAeach Aciwtie5: r outrea(h acbvtbes r3)nbnue to on rexhing to the ccrfnmunity at larye and t1j relevBnt within the communities bang served we have ct[nue to (Bre for thrfje WFK) are in red. FCKKI hampers and packages as a gJPPOrt were dirtribjted daily. We continued to rtreive aqstare from Tesco's fair share program we colletted fc)d from their stores three times a weeK on oVe receiviThJ fcmyl donations more than 250 kiknJram& thls was distributej to appr0MatelY le are in need. Fairhaven congregation continues to AJprKrt the thet paors [0]ect thi5 involve5 ministry on streets Friday5 in the mnth our memters have the nExessary traini. tfv Tegukrly volurteer their time (ffi the rotor. Regular IntectiOn is Undth with cts thurch aThJ coThJrWk)r6 in the area. Those living on the premises at Fairhaven enj a very g¢yxl Eekxmt with the 5c(al community and especialty the neighbovrfs regular snteJacbon ayltinl arwl was promot1 throwjh cc¥nmtmity communal galJ)erings and vists during the year under duiies. Fairhaven distrityjtes suWus do1¥3ti io Ot (hiriws in the area. Operational Matters: General maintenance of the Fairhaven Faith Horr [reMeS Iws COnb"n where ressary a5 well as ttj ensure Compliar wth government registrntion te5tir¥J of the E4)re wh)le wppw the foLyJ safety standard assesgnent by Rintshire County CourKil as as fire safty INwe Lw on a routine ba9s this includes our tr1th atxj safety rKJlicy which 15 now in Fairhaven's vehides the SLbzuki Vrtarn which was purchased in the prtwious finaal year unfortunately had to be xrapped (in Cttober 2021) bwll r9)kic with a sjitatle vthi(* The budget for the new financial year has been approved provison has bea) made to undertake fvrther mairtenarK2 refvrbithmert aTwJ improbvnents
Rewt of the Trust$ lknudital Annual nanCial statnts for the year end 30 June 2021 June 2021 fiE¥incg1 crV a cf £10.277. cnpar] to la year our inc(rfne by £5,972 {1(Ph) Ythile werGes were £9. (IN) 1cvr rthJirv4 krrter rLa)niThJ costs to the reserye batsrtt at 2021 1JKTW to fw £ULK¥J arxl IrKaÈts an aJ(knnal amrAmt eamiayked uent to meet regular exp. Bas8J on the Tnjstees, &sstssnent Fdty Is to have reserves of at lea& £tLCm ava(kible in bank accounts (avwe orra 3 ftth$ ¢¥pe). They also have a reSngl to uard the ass ofts chwth and tty take rb[e step5 to en5ure'. l. The churrh ts qa1]ng effi0& 2. Its are thJuar¢W agairL uroutlM)rwl 3. finanaal infonnalion ed wthin the churth or for wbfKN)n is 4. The thurth CompleS Vrith rethnt L3ws arKI ul Cha%m)an: Mr fkNid knJhin Mr Hcf5t SteTr Mrs Huldha UghIn Mr ComeliLS Fr1e . Sgnabjre..
IrKlependent Examinerfs Report to the trustees of Unaudited Annual Financial Ststements for the year ended 30 June 2021 and examiner The charity's trustees are responsible for the preparation of the accounts. The charitys trustees consider that an audtt is rK)t required for this year under section 144(2) of the Charlties Act 2011 (tr 2011 Act) and that an iThlependent examination is nded. res 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 paCUlar matters have oxne to my attention. is This examination was carried out in accordan with the general Direcbons given by the Charity Commission. An examination indudes a review of the accounting records kept by the charity and a comparison of the accounts presented Wlth those records. It also includes consideration of any unusual items or disdosures in the accounts, and seeking explanations from you as trustees conceming any suth matters. The procedures undertaken do not provide all the evidence that would be requirLIJ in an audit conwuently no opinion is given as to whether the accounts present a true and fair view, and report is limtted to those matters set out in the ststement below. Inde nt examinerfs statem t I have examined the accounting records and all relevant suptng documentation, including the Financial Statements, in accordance with the general directions of the Charity Commission and confirm that the funds of L3tter Rain Mission Intemational (UK) have been applied for the purpose of carrying out the obj.ects of the Latter Rain Mission International (UK) in accdan with its Constttution and for no other purpo*. NAME ADDRESS T>>7f¢Y4 OoA)i DATE 21 oz 2oLL
LArrER RAIN MISSION INTERNATIONAL (UK) Statement of Financial Activibes - Income for the year ended 30 June 2021 Total 2021 Total 2020 Funds Recelpts Vdunlary Offerings- Trthes 9).680.40 ,680.40 ),680.40 J,680.40 59.487.54 59.487.54 Oth•r Receipts Church Property Letting Refunds Interest ReIVed (Bankl Total Recoipts 1.900.00 1.277.22 1.61 53,85923 320.00 127122 1.61 53.85923 23.50 59.831.04
LAThER RAIN MISSION INTERNATIONAL (UK) ststement of Finanaal Activibes- Expenditure for the year 30 June 2021 T(thl Total 2020 Church RunniNJ CSIS Counol Tax El8thclty & DorTraO(x)s Heating Oil & G88 Insurance Maintenance- Clwrth & &MSdirys MaintanCe- Garder MaintanCe- Vehides Missionary Contribjtion Missionary Travel Office and Admin Costs Other Ministry Cc*ts & Supprxt Petrd & ParkirvJ Salary Cost Ta18phon 3.099ZJ 2,813.69 1.781.98 210.(M) 2.667.79 1.934.42 1215.25 350.67 1,791.86 452.37 1,128.22 1.3S).44 3,09923 2.813.69 1.781.98 210.¢XJ 2,667.79 1.934.42 1.215.25 350.67 1,791.86 452.37 1.12822 7.350.44 6.222.44 2,700.13 2.435.51 110.00 2.817.23 1.845.08 1.981.18 545.86 1.236.00 2.970.74 1.830.45 698.55 1.881.80 3.140.91 19.555.24 1.647.21 51.618.31 1.368.02 434.85 53 421.18 2268.32 19.&32.40 2.11XJ.29 42.5)5.93 1.076.79 2268.32 19.332.40 2.10029 42.505.93 1,076.79 D•pr8ciation LS on d[> ofvehide TOTAL EXPENDfwRE 43,58zn 43.582.72 SURPLUS I (SHORTFALL) OF IMCOME OVER EXPENSES 1027U1 1027U1
LATfER RAIN MISSION INTERM4TIONAL (UK) Balan Sheet ag at 30 June 2021 2021 MotorVohlclo5 4.02926 4,02926 4,957.15 Boc* value.. tInn of 720. 684.85 1250.001 1434.851 Vathall Zafire 1949.12 1686.40 728 2.949.12 1949.12 3,686.40 3728 2,949.12 3,686.40 4,608.00 21.60 3.6B6.40 Book Wue: b)l¥a ofywr 1.IAQ.14 1.080.14 1270.75 1,495.(M) 22425 1,270.75 B)k vthe.. begInrrQ 1270.75 1Y).61 1.IW.14 1270.75 11.61 1.1)W).14 Equlpttwnt 595.59 744.49 Bookvalu8: tegHiThThJ of)w 744.49 {148.} 744A9 I148.) JO.61 1186.121 26.760.&5 26,760.85 26,693.33 4,68521 22.IY18.12 15,407.55 Bank BaL9[e5 26.693.33 15,370.35 1.363.84 14.006.51 Operntiro 4,685.21 218.12 Petty Cash 6752 37.20 NET ASS3 31.385.70 31.385.7D 21,109.19 ACCUMULATEO FUNDS AwJmul8tsd Fur¥Js- s 21.1Ce.19 10.276.51 31J8&70 21,109.19 10,276.51 31.38&70 14,699.33 6,409.86 21109.19 ACCUMULATED FUND as * 30 Juno
LArrER RAIN MISSION INTERNATIONAL (UK) Notes to the Annual Financial Ststements for the year ended 30 June 2021 Basis of Acc(MJ Financial statements of the thurch are prepar in accorthntr with Aco)unttng and ReForbng by Charities.. Ststement of Recommended Practice applicable to d)artties preparing their accounts in accordance wtih the Financial Rewrttng Stsndard for Smaller Entities publish& on 16 July 2014, the Financial RqJ)rting Standard for Smaller Entibes (FRSSE), and the Charities Act 2011 and applicable regulations. Inc Voluntary income Voluntsry income 15 recaved by way of frthes offering5, dcnatii)ns and grfts and 15 included in full in the Statanent of nanal P£tivities when rKefftJ. Bank interest Bank interest is included in the stat of nanCIal Actiwties on receipt Donated services and facilities These are included at the value to the tharity where this can be quanttfied. The value of servi5 Drovided bv volunteers has mt been induded in the Stemtt of nancIal Activibes. Expenditure is rer(wJnised when paYftrt is made. Expenditure indudes VAT and is reported as part of the expenditure to which it relates in the delivery of its charitsble activities and for its nmtErS. It indudes iy)th costs that can be allocated direcdy to such acbvities arKI those costs of an indirett nature necessary to support them. All costs are allocated tetween the expenditure categories of the Statement of nancial Activitles on a basis designed to refit the use of the resource as set out in the notes to the financial statements.
LArrER RAIN MISSION INTERNATIONAL (UK) Notes to the Annual Financial Ststements for the year ended 30 June 2021 Irr le VAT The charity is unable to recover VAT Sin it dces make trXale supplies. The c05t of irrecoverdble VAT is not separatdy analysed in the finarKial siatements. Taxation The tharity is exempt from cortKrtion tax on ts chariiable knibes. Tan ible F and De The Church hall, the pastors and caretskrfs reside, dining rc(Mn, kktchen and all other outbuildings, being vested in our Head Offi, Litter Rain missi( International (S¢)uth Africa), are not capitslised into the finanaal staternents. Motor vehicles and equipment are stat1 at C05t Itss depreciation. Such assets are capitalised where they can be used for more than Me year and cost over £300. Depreciation is provided at rates Calallat to write off the cost less rIdual value of eath osset over its eXpeCtj usefijl life as follows: - Motor vehicles: 20%, using the reducing balan meth(MJ - EqUInent. 20%, using the reduong balan meth(Kl Unre5tiitted fijnds can be used in cOrdan with the dritable obiecbve5 at the discretion of the trustees. Restricted fvnds can only be used for particular re5trict&l wrFKEes Within the Obj of the charity. Restricbons ar15e when specffied by the donor Ythen funds are raised for particular restricted purtw. Further explanation of the rIatm and purtLJse of each fund will be induded in the notes to the financial statements. Expenditure is recognised when payment is made. Expendtture IudeS VAT and is rep)rted as part of the expenditure to which ft relates in the delivery of its charitable acbwbes and seThices for its nEmbers. It indude5 toth costs that Gin be allfKated directy to SLKh artivitEs and thc6e costs of an indirert natre necessary to supwrt them. I costs are allated between the expend[re cztegorie5 of the Statement of Financial Acknvities on a basis designed to refkn the use of the rUrce as set out in the notes to the finanaal statemen