THE REVIVAL TRUMPET CHURCH FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2024 CHARITY NUMBER: 1159322 THE REVIVAL TRL'MPET CHURCH FLAT 36 LARCH HOLSE AINSTY ESTATE LONDON SE16 7DH INDEX Index Trustee's Report Receipts and Pgdyments Account Statement of Assets and LiabilAties Notes on the financial Statements THE REVIVAL TRUfvtPET CHURCH TRUSTEES, REPORT ST YEAR ENDED 31 JULY 2024 The trustees are pleased to present their report for the year ended 31st July 2024 for the charity, The Revival Trurnpet Church wtth charity number 1159322. The Trustees of the charity are Evangelist Beaustone Emmanuel Masuta Miss Gisele Lambi Dinaluwa Litonge Konde 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 24th 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 advan￿ 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 sep41￿S 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 rnore people started attending their regular Sunday seNices. It now has a fully functional website that allows it to better to advertise its Servi￿$. They continue to hold their services at the Kennington Cornmunity Centre, 8 Harleyford street. London SE11 5SY.They also recently started advertising on the local Christian channel to promote their seniices. FINANCIAL REVIEW The charity's income is £26,850. This seemed to be a good amount for this difficult year with the economic crisis. The charity's costs have been well managed over this period, and the organisation is still in a good position to manage its costs. The main CQ8t of the organisation was paying for the rent of its building that it uses for worship services. RESERVE POLICY It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charily at about 3 months of unrestricted expenditure. This provides sufficient funds to cover any emergency expendilures that may arise from time to time. The charity will seek to maintain this level throughout the year. RISK MANAGEMENT The chanty 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 rnajor 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: 1. 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 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 26 May 2024 and signed on their behalf by: pl THE REVIVAL TRUMPET CHURCH ACCOUNTS FOR THE YEAR ENDED 31st Jul 2024 1 Receipts & Payments Account (General Purpose Fund) Income Receipts £12024 Gift Aid I nterest Donations 26,850 Total Receipts 26,850 Direct Charitable Expenditure Water & Electricity 1020 Refreshments Ministers & preacher's expenses Hire of Hall & Storage Transport Television advert Printing costs, Stationary & Leaflets Website costs Church special events Music SeNi Repairs 1980 5350 7400 1800 430 1250 520 4300 2200 850 27,11)0 Other Expenditure Equipment Instruments Total Payments 27,100 Net Re￿iptSI(PaYrnent$) for the year (250 Cash Funds brought fopAiard 581.8 Cash Funds at the end of the year 331.80 THE REVIVAL TRUMPET CHURCH 2 Statements of Assets and Liabilities at 31st July 2024 Monetary Assets Cash Funds Unrestricted Funds £12023 Cash at hand and in bank 331.80 Total Cash Funds 331.80 Assets Retalned for the Charity's Own use Non-monetary Assets and Llabilities Musical Instruments Equipment's 331.80 Liabilities Bookkeeping 200 These accounts were approved by the trustees and signed on their behalf by.. Evangelist Beaustone Emmanuel Masuta ofv THE REVIVAL TRUMPET CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st Jul 2024 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 CIO 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 Gonfirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.