Unaudited Annual Financial Statements LAThER RAIN MISSION INTERNATIONAL (UK) UNAUDITED ANNUAL FINANCIAL STATEMENTS for the year ended 30 June 2024
LAThER RAIN MISSION INTERNATIONAL (UK) Unaudited Annual Financial Statements for the year ended 30 June 2024 CONTENTS Report of the Trustees Independent Examiner's Report Statement of Financial Activities - Income Statement of Financial Activities - Expenditure Balance Sheet Notes to the Annual Financial Ststements
Report of the Trustees Unaudiied Annual Financial Statements for the year ended 30 June 2024 ectives & Latter Rain Mission International in the U.K. has under the peric#J of review, as a register8J Charity, continued to fulfil the purpo for which it was established. There are three key elements under which we wish to present our annual reFQrt, namely: l. Qjngregation Care and Support 2. Outreach 3. Operational Matters Congregation Care and Support: As a Church we Continued to serve our congregation in the UK and on the Isle of Man. The congregatlon members who worshlp at the Fairhaven Faith Home are scattered across the Unlted Kingdom. Tho who live locally are more able to attend the seIS on a regular basis, those livlng far away attend when they can make use of the accommodation provlded for them on the premises when doing so. Services are also streamed vla Zoom for tho unable to attend in person due to them Ilving far away or due to UnfOresn clrcumstances that prevent them attending in person. congregaon care continued to include visits to our members in the South of England, Isle of Man, Northern Ireland and the Midlands, as well as hospital visits and suppjrt where needed. Communlcation contlnues through emalls and s[al media Including daily inspirational messages and a Blble reading progrdm that started in January of this year. We hold I0 Bible study progr7ms per week, one on Thursday we hold an on-llne Blble discovery program that Is very insplrlng and enllghtenlng. We also have onllne Bible lectures on most Saturday evenings. We are pleased and encouraged to See an Increase In our attendS both in person and especially on-llne, due to new members Joining locally and others mlgratlng to the UK. We have an attive Sunday School and are grateful for tho* in the congregatlon wllling to teach the young ones. A new prcoram is now avallable and has started. All our Sunday School staff now hold enhanced DBS dlsclosure rtificates for worklng with young persons. We have a weekly on-line youth group meeting facilltated by a member of the congregation. We are compliant with safeguardlng regarding 1]dren and the vulnerable, our pollcy document Is available on request. During Dernber Huldah and I attended the internab'onal Confe held in South Afrlca which Included pastoral training. We were Blessed and enoJuraged by the visit of our ELIr0n coordlnator In October with a special autumn Conferen lebrating 40 years of Falrhaven in Wales, long standing members from the Netherlands also jolned us. Outreach Actlvlties: Our outreach attivltles were fUSed on reachlng out to the communlty at large and being levant within the communities being served. DLJrlng the past year the distribution of food parce15 has continued. Thls help is given Locally and within the Flintshire and Wrexham boroughs. We also support our members wherever possible. Falrhaven continues to re1ve produtts from Tesco three times a week, as part of thelr Fair Share Go Initiative. In addition, Fairhaven also receives approximately 40 kgs of produ every Tuesday from the Fair Share gIOnal distribution centre whlch is delivered to our premises. Together thls enabled us to distrlbute approximatdy 150 kgs of products WklY to identified needy folks as well as other folks involv&Y in volunteer mission work. Thls amount has unfortunately lessened during the past year. Congregation members are attively involved with Wrexham Street Pastors for which volunteers are continuously needed. Chuffh Leadetship agement Continual regular interattion was also undertaken with other church leadership. Fairhaven also takes tum in h05ting the monthly prdyer meeting with the Wrexham Pastors gathering. General interaction with the /oc31 community Fairhaven Falth Home enjoys an excellent rapport with the local community and especially the neighbours. R8Ju13r Interaction continued. We helped a neighbour last year with food who sadly passed away last March.
Report of the Trustees Unaudited Annual Financial Statements for the year ended 30 June 2024 Operational MatteFs: General rna1ntenan of the Fairhaven Faith Home premises has continued where necessary as well as to enre Complian with government legislation. The testing of the bore hole water and the Food &ifety Standards Assessment by the Hintshire County Counal, including fire safety Complian have been successfully completed on a routine basis. During the past year some of the main improvements we have made are: The car park was resurfaced and all the failed doubltrglazed units were replaced. A new ride-on a Jawn tnower was purthased as well as 50 new prayer hall chairs were bought We are extremely gFateful for all the help and assistan we have received in bringlng about these welcome improvements. The budget for the new financial year ha5 been prepared and provision has been made for further maintenance and refurbishment where necessary. Rom 15: 13 May the God of hope fill you with all Joy and pea in bellev6iYJ, so that by the power of the Holy Spirit you may abound in hope. Voluntary donations and tithes reiVed for the year induded a donation received in memory of Mr Alex Blowers, a congregatlon member who has passed away. The Increase in expenses was maSnly driven by building maintenan Costs for resurfacing the parkn'ng area. Cash rerve balan at the end of year was £15,545 whlch includes the amount held as a cost reserve (£15,000). We agreed to set aside £30,000 from the donation received for speciftc maintenantr and improvement projects. The Trustees are responsible for assessing the levd of reserves needed by the charity to maintain resep4es SLrfftclert to meet regular expenses. Based on the Trustees, assessment the present policy Is to have cash reserves of at least £15,000 avallable in the savings account (average of 3 months expenses). Under the Charitles kt 2011, the trustees are requSred to prepare a statement of accounts for each accounting year. They also have a respong'bility to safeguard the assets of the church and to tske reasonable steps to ensure: l. The church is operating effiaently and effectivety 2. Its assets are safeguarded agalnst unauthorised use or disposltion 3. nanCIal Infomiatlon used within the church or for publication is reliable 4. The church complies with relevant laws and regulatlons The Trustees who served on the date thÉs report was approved are: Chalnnan: Mr David Joughln Secretary: Mr Allan Longshadow Elected members: Mrs Klaudia Krauser Mrs Marlise Poolman Mr Comelius Fourie Sioned on behalf of the trustees by Mr David Jouohin on l O February 2025
Independent Examiner's Report to the trustees of Unaudited Annual Financial Statements for the year ended 30 June 2024 ttiv nsi ustees nd examin The charity's trustees 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 Att 2011 (the 2011 Act) and that an independent examination is needed. examine the accounts under settion 145 of the 2011 Att; to follow the procedures laid down in the general Direttions given by the Charity Commission under section 145(5)(b) of the 2011 Att. and to state whether particular matters have come to my attention. hi This 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 comparlson of the accounts presented with those records. It also includes consideration of any unusual items or dlsclosures 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 no 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 statement below. I have exarnined the accounting records and all relevant supporting documentation, including the Financial Statements, in accordance with the general dirertlons of the Charity Commission and confirm that the funds of Latter Rain Mission International (UK) have been applied for the purpose of carrying out the objects of the Latter Rain Mission International (UK) in accordance with its Constitution and for no other purpose. NAME ADDRESS 41 Kr6Lts 7 DATE /0 02 zoz
LArrER RAIN MISSION INTERNATIONAL (UK) Statement of Financial Activtties - Income for the year ended 30 June 2024 Unrestricted Funds Restricted Fund5 Total 2024 Total 2023 Recelpts Voluntary Offerings - Tithes 62,272.27 62,272.27 30,000.00 30,000.00 92,272.27 92,272.27 58,748.06 58,748.06 Other Receipts Church Property Letting Refunds Interest ReiVed (Bank) Total Receipts 320.00 538.17 479.53 83 607.97 320.00 536.17 479.53 93,607.97 320.00 2,220.96 162.71 61451.73 30,000.00
LAThER FiqIN MISSION INTERNATIONAL (UK) statement of Financial Activities - Expenditure for the year ended 30 June 2024 Unrnstrl¢ted Funds Restrfed Funds Total 2024 Total 2023 Church Actl¥ftle5 Church Running Ctxts Council Tax Electricity Gifts & Donat¢ons Meating Oil & Gas Insurance Mainlenanco- Church Hall & Buildings Maintenantg- Gardens Maintenance- Vehicles Missionary Contribution Missionary Travel offi and Admin Costs Other Ministry Costs & Support Petrol & Parking Salary Cost Telephone 8,371.31 3,228.53 3,039.62 43.40 4,313.87 1,993.84 18,755.26 1,385.49 1,198.53 1.845.73 2,042.80 2,017.25 8,371.31 3,228.53 3,039.62 43.40 4,313.87 1.993.84 18,755.26 1,385.49 1,198.53 1,845.73 2.042.80 2,017.25 4,238.88 3,056.42 2,968.68 85.60 3,722.70 2,348.65 7,705.69 964.93 1,100.93 6,W3.19 1,835.72 1,311.96 1,768.16 18,547.80 2,043.13 70,594.72 2,357.85 381.18 1,768.16 18,547.80 2,043.13 70,594.72 2,357.85 381.18 2,348.62 18.482.63 2,578.70 58,753.30 2.459.00 Depreciation L088 on $¢rapping ride-on lawn mower TOTAL EXPENDITURE 73 333.76 73 333.76 812q 2.30 8URPLU8 OF INCOME OVER EXPEN8E8 19,726,78) ao,ooo.00 20,274.22 239A3
LATtER RAIN MISSION INTERNATIONAL (UK) Balance Sheet as at 30 June 2023 Unre5trJuted Funds Rtstri¢t¢d Funds Total 2024 Total 2023 Fixad Assets Motor VehioltB 7,102.33 7,102.33 8.877.92 Vaxhall Zafire 1,509.95 1,509.95 1,887.44 377.49 1,887.44 2,359.30 471.86 Book value.. beginning of year Less.. Deprec¢alion 1,887.44 377.49 Ford Fiesta 5,592.38 5,592.38 6,990.48 Book value." beginning of year Le55: Depreciats"on 6,990.48 1,398.10 6,990.48 1,398.10 8,738.10 1,747.62 Equlpm•nt Ride-on Lawnmowèr 3,135.75 3,135.75 1.679.19 2,097.33 2.097.33 381.18 Book value.. beginning of year Loss on $crapplng ride-on la¥ mower Purehased in November 2023 s.. Depre¢ialion Computer equipment Book value.. beginning of year Pur¢hased in January 2023 Lè8J.' Depreci8lion 381.18 381.18 2,420.00 322.67 381.18 381.18 2,420.00 322.67 476.47 95.29 1,038.41 1,038.41 1,298.02 1,298.02 1,298.02 1,442.24 144.22 259.60 259.60 eurr•nt As8•ts 18.554.58 30,000.00 48,554.58 27,961.33 27,934.01 Bank Balances 18,545.44 30,000.00 48.545.44 Operating aceounl Re8erye arxount 3,OlJO.00 15,545.44 3,000.00 45,545.44 2,963.65 24,970.36 30.000.IM] Pelty Ca$h 0.14 9.14 27.32 NET ASSETS 28 792.88 30 000.00 38 51&44 ACCUMULATED FUNDS Aceumulaled Fund8 - beglnnlng of the year Excess l {Shortlalll of Ineome over expènditure ACCUMULATED FUNDS *% #t 30 Jun• 38,518.44 19,725.781 28 792.88 38,518.44 20,274.22 58 792.88 38,279.01 239.43 30,000.00 30 000.00 38.518.44
LATTER RAIN MISSION INTERNATIONAL {UK) Notes to the Annual Financial Statements for the year ended 30 lune 2024 ofA ntin Financial statements of the church are prepared in accordance with Accounting and Reporting by Charitie5: Statement of Recommended prattl applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities published on 16 July 2014, the Financial Reporting Standard for Smaller Entities (FRSSE), and the Charities Act 2011 and applicable regulations. In Voluntary income Voluntsry Income is received by way of Tithes offerings, donations and gifts and is included in full in the Ststement of Financial Activities when received. Bank interest Bank interest is included in the Ststement of Financial Activities on receipt. Donated services and facilities These are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in the Statement of Financial Activities. Expenditure is recognised when payment is made. Expenditure includes VAT and is reported as part of the expenditure to which it relate5 in the delivery of its charitsble activities and services for its members. It includes both costs that can be allocated directly to such activities and those costs of an indirett nature necessary to support them. All costs are allocated between the expenditure categories of the Ststement of Financial ActivitSes on a basis designed to reflert the use of the resource as set out in the notes to the flnancial Statements.
LAFfER RAIN MISSION INTERNATIONAL (UK) Notes to the Annual Financial Statements for the year ended 30 June 2024 Irr The charity is unable to recover VAT since it does not make taxable supplies. The cost of irrecoverable VAT is not separately analysed in the financial statements. ver The charity is exempt from corporation tsx on its charitable activities. an ti The Church hall, the pastorfs and caretskerfs residence, dining room, kitchen and all other outbuildings, being vested in our Head Office, Latter Rain Mission International (South Africa), are not capitalised into the financial statements. Motor vehicles and equipment are stated at cost less depreciation. Such assets are capitalised where they can be used for more than one year and cost over £300. Depreciation is provided at rates calculated to write off the cost les5 residual value of each asset over its expetted useful life as follows: Motor vehicles: 20 % , using the reducing balan method Equipment: 20 %, using the reducing balance method Unrestrlcted funds can be used in accordance with the charitsble objectives at the discretion of the trustees. Restrltted funds can only be u*d for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purpo5. Further explanation of the nature and purpose of each fund will be included In the notes to the financlal statements. Ex Expenditure is recognised when payment is made. Expenditure Includes VAT and Is reported as part of the expenditure to which it relates in the delivery of its charitable activities and Servi for its members. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature neceary to support them. All costs are allocated between the expendlture categories of the Ststement of Financial Activities on a basis designed to reflect the use of the resource as set out in the notes to the financial statements.