THE REVIVAL TRUMPET CHURCH
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st JULY 2023
CHARITY NUMBER: 1159322
THE REVIVAL TRUMPET CHURCH
FLAT 36 LARCH HOUSE AINSTY ESTATE LONDON SE16 7DH
| INDEX | ||
|---|---|---|
| Page | ||
| Index | 1 | |
| Trustee’s Report | 2-3 | |
| Receipts and PaymentsAccount | 4 | |
| Statement ofAssets and Liabilities | 5 | |
| NotesonthefinancialStatements | 6 |
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THE REVIVAL TRUMPET CHURCH
TRUSTEES’ REPORT YEAR ENDED 315! JULY 2023
The trustees are pleased to present their report for the year ended 31* July 2023 for the charity, The Revival Trumpet Church with charity number 1159322.
The Trustees of the charity are Evangelist Beaustone Emmanuel Masuta Miss Gisele Lambi Dinaluwa Litonge Konde Mr Mputu Mwana Dimputu
The principal address of the charity is: Flat 36 Larch House Ainsty Estate SE16 7DH
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity governing document is a CIO — Foundation registered 24! November 2014.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 holds regular worship services in the community to promote the Christian faith to the public. It held special events one in the middle of the year and the other over the Christmas period as a way of reaching out to the community with the Christian message. These proved to be successful as more people started attending their regular Sunday services. It now has a fully functional website that allows it to better to advertise its services. They continue to hold their services at the Kennington Community Centre, 8 Harleyford street, London SE11 5SY.They also recently started advertising on the local Christian channel to promote their services.
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FINANCIAL REVIEW
The income of the charity is £30,140. This is a very good amount for this year of the charity the costs have been well managed over this period. The organisation is still in a good position to manage its costs. This was very busy year, for church activities after the pandemic.
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.
RISK MANAGEMENT
The charity has assessed all the major risks to which the charity is exposed to, those related to operations and finances of the charity and are satisfied those 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:
- Select suitable accounting policies and apply them consistently. 2. Make judgements and estimates that are reasonable and prudent. 3. State whether the applicable accounting standards have been followed. 4. Prepare financial statements on an ongoing basis.
They are responsibie 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 14 June 2024 and signed on their behalf by:
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THE REVIVAL TRUMPET CHURCH
ACCOUNTS FOR THE YEAR ENDED 31st July 2023
Receipts & Payments Account (General Purpose Fund)
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|---|---|---|---|---|---|
|Income|Receipts|£/|2023|
|Gift|Aid|30,140|
|Interest|
|Donations|0|
|Total|Receipts|30,140|
|Direct|Charitable|Expenditure|
|Refreshments|2,580|
|Ministers|&|preacher's|expenses|5,250|
|Hire|of|Hall|&|Storage|7,050|
|Transport|3,940|
|Television|advert|660|
|Printing|costs,|Stationary|&|leaflets|1,500|
|Website|costs|780|
|Church|special|events|4,100|
|Music|Services|3,300|
|Repairs|1,290|
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|---|---|---|---|---|---|---|---|
|30,450|
|Other|Expenditure|
|Equipment|0|
|Instruments|6)|
|0|
|Total|Payments|30,450|
|Net|Receipts/(Payments)|for|the|year|(310)|
|Cash|Funds|brought|forward|891.80|
|Cash|Funds|at|the|end|of the|year|581.8|
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THE REVIVAL TRUMPET CHURCH
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2 Statements of Assets and Liabilities at 31st July
2023 Monetary Assets
Unrestricted
Cash Funds Funds
£/2023
£
Cash at hand and in bank 581.80
Totai Cash Funds 581.80
Assets Retained for the
Charity's Own use
Non-monetary Assets and Liabilities
Musical Instruments 0
Equipment’s 0
5818
Liabilities
Bookkeeping 200
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These accounts were approved by the trustees and signed on their behaif by:
Evangelist Beaustone Emmanuel Masuta
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THE REVIVAL TRUMPET CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st July 2023
ACCOUNTING POLICIES
Basis of Accounting
These accounts have been prepared on the receipts and payments basis with all revenue and expenses shown on a cash basis. Non-monetary assets are shown at estimates of the value at the end of the year.
Funds
The ClO has a general unrestricted fund that receives voluntary donations from attendants at the services.
The CiO has no outstanding guarantees to third parties no debts secured on the assets of the CIO
Public Benefit
The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or aims that are for public benefit. Details of how this is achieved are provided in the Trustees report. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.