THE AINCIENT ROCK CHAPEL TRUSTEES' REPORT AND ACCOUNTS YEAR ENDED 31ST AUGUST 2023
COMPANY REGISTRATION NO: 07357844 ( England and Wales) CHARITY REGISTRATION NO: 1167385
THE AINCIENT ROCK CHAPEL FINANCIAL STATEMENTS YEAR ENDED 31ST AUGUST 2023
| CONTENTS | PAGE |
|---|---|
| LEGAL AND ADMINISTRATIVE INFORMATIO | 1 |
| REPORT OF THE TRUSTEES | 2-4 |
| INDEPENDENT EXAMINERS REPORT | 5 |
| STATEMENT OF FINANCIAL ACTIVITIES | 6 |
| BALANCE SHEET | 7 |
| NOTES TO THE FINANCIAL STATEMENTS | 8-10 |
| DETAILED STATEMENT OF FINANCIAL ACT | 11 |
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THE AINCIENT ROCK CHAPEL LEGAL AND ADMINISTRATIVE INFORMATION YEAR ENDED 31ST AUGUST 2023
CHARITY REGISTRATION NUMBER: 1167385 COMPANY REGISTRATION NUMBER: 7357844 REGISTERED OFFICE: Flat 41, Haversham House Ilderton Road London SE15 1EL TRUSTEES: Mr Oppong Kyeremeh Rev. Divine Dove Mr Kingsley Stephen Twene Ms Joyce Dove
INDEPENDENT EXAMINER New Bond Accountants Ltd Business, Charity , Church &Tax Advisors 4a-6a Hythe Street Dartford Kent DA1 1BX
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THE AINCIENT ROCK CHAPEL REPORT OF THE TRUSTEES YEAR ENDED 31ST AUGUST 2023
The trustees who are also directors of the Charity for the purpose of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st August 2023. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number : 1167385 Registered Company number : 07357844
Principal address
Flat 41, Haversham House Ilderton Road London SE15 1EL
Trustees
Mr Oppong Kyeremeh Rev. Divine Dove Mr Kingsley Stephen Twene Ms Joyce Dove
Accountants
Allen Robyn & Associates Ltd Chartered Certified Accountants 367 Caledonian Road London N7 9DQ
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.
LEGAL AND ADMINISTRATIVE INFORMATION
The Church is governed by a memorandum and articles of association. The company has seven directors who meet regularly to review the finances and administration of the church.
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.
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THE AINCIENT ROCK CHAPEL REPORT OF THE TRUSTEES YEAR ENDED 31ST AUGUST 2023
OBJECTIVES AND ACTIVITIES
Objectives and Aims
a) The Church was established to advance the Christian faith and to
b) provide and maintain facilities for the benefit of the community of London south east and the surrounding neighbourhood which facilities may without limitation include the provision of child care services and meetings, lectures and classes and other forms of education, recreation and leisure time occupation without distinction of race, sex, political, religious or other opinion and with the object of improving the conditions of life for the said inhabitants as the trustees may from time to time in their discretion determine
c) further Christian education in such parts of London south east, the United Kingdom and the world as the trustees may from time to time think fit.
d) To relieve persons who are in condition of need or hardship or who are aged or sick and to relieve the distress caused thereby in such parts of London south east, the United Kingdom and the world as the trustees may from time to time think fit.
ACHIEVEMENT AND PERFORMANCE
Charitable Activities
When planning our activities for the year, the Trustees have considered the Commissions guidance on the public in particular the specific guidance on charities for the advancement of religion.
Weekly service
During the year we conducted weekly services to meet the objectives of the organisation. These services are aimed at our members and the general public, including children and young people, adults and the elderly.
Conference and special events
Our programmes and activities carried out during the year include:
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Conferences, regular seminars: for Families, Teachings and ministrations
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Giving: In line with the objects of the church, we have continued to support members going through hardships through our welfare programmes. We also continue to support local and international charities who are involved in complementary works missions.
COMMUNITY OUTREACHES
During summer season, we do organise free for all barbeque (BBQ) event to reach out to our immediate neighbourhood. We all organise free for all coffee/tea morning throughout all the seasons for the less privileged in our environment.
FUTURE DEVELOPMENTS
Our focus in future to purchase our own property. We believe it is in the best interest of the church to have its own building. We also want to launch out into the community and beyond through dynamic evangelism and community focused programmes. We believe the church has a lot to offer individuals, families, and the whole community and we have it in plan to reach out to them more effectively.
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THE AINCIENT ROCK CHAPEL REPORT OF THE TRUSTEES YEAR ENDED 31ST AUGUST 2023
STATEMENT OF TRUSTEE RESPONSIBILITIES
The trustees 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 applicable to charities in England and Wales, the Charities Act 2011, Charity Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each (Accounts and Reports) financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure of the charity for that period. In preparing those financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to
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presume that the Charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report is prepare in accordance with the special provision of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustee on ………18/06/2024………..…...and signed:
ON BEHALF OF THE BOARD:
Divine Dove
.............................................
Rev. Divine Dove Director/ Trustee
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REPORT OF THE INDEPENDENT EXAMINER THE AINCIENT ROCK CHAPEL YEAR ENDED 31ST AUGUST 2023
I report on the accounts for the year ended 31st August 2023 set out on pages five to nine.
Respective responsibilities of trustees and examiner
The charity's trustees (who are also the 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) and that an independent examination is required.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
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examine the accounts under Section 145 of the 2011 Act
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to follow the procedures laid down in the General Directions given by the Charity Commission
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(under Section 145(5)(b) of the 2011 Act); and
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to state whether particular matters have come to my attention
Basis of the independent examiners 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 the accounts, and seeking explanations from you as trustees concerning any such matter. 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 statements below.
Independent examiners statement
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 the accounts, and seeking explanations from you as trustees concerning any such matter. 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 statements below.
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to keep accounting records in accordance with Sections 386 and 387 of the Companies Act 2006; and
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to prepare financial statements which accord with the accounting records, comply with 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 draw in order to enable a proper understanding of the accounts to be reached.
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Rolston Allen (FCCA) Allen Robyn & Associates Ltd Chartered Certified Accountants 367 Caledonian Road London N7 9DQ Date:23/06/2024
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THE AINCIENT ROCK CHAPEL STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31ST AUGUST 2023
| Unrestricted | |||
|---|---|---|---|
| INCOMING RESOURCES | Notes | 2023 | 2022 |
| Incoming resources from generated funds | |||
| Tithes & Offerings | 2 | 26,195 | 8,317 |
| 26,195 | 8,317 | ||
| RESOURCES EXPENDED | |||
| Charitable Activities | 5,655 | 283 | |
| Support Costs | 22,593 | 8,672 | |
| Governance cost | 450 | 450 | |
| TOTAL RESOURCES EXPENDED | 28,698 | 9,405 | |
| NET INCOME/EXPENDITURE FOR THE YEAR | (£2,503) | (£1,088) | |
| Total funds brought forward | (4,593) | (3,505) | |
| TOTAL FUND CARRIED FORWARD | (£7,096) | (£4,593) |
None of the charity's activities were acquired or discontinued during the year and there were no recognised gains and losses for 2021 or 2022 other than those included in the statement of financial activities.
The notes on pages 8 to 10 form part of these accounts.
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THE AINCIENT ROCK CHAPEL BALANCE SHEET YEAR ENDED 31ST AUGUST 2023
| FIXED ASSETS Tangible assets CURRENT ASSETS Cash at bank and in hand CREDITORS: due within one year Net Current Assets TOTAL ASSETS LESS CURRENT LIABILITIES FUNDS: Unrestricted Funds |
Notes 7 8 9 |
Unrestricted 2023 - 56 (7,152) (£7,096) (£7,096) 2023 (£7,096) |
2022 - 2,109 (6,702) (£4,593) |
2022 - 2,109 (6,702) |
|---|---|---|---|---|
| (£4,593) | ||||
| 2022 (£4,593) |
The charitable company Is entitles to exemption from audit under section 477 of the Companies Act 2006 for the year ended 31st August 2023.
The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31st August 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for:
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relation to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relation to small charitable companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008)
The financial statements were approved by the Board of Trustees on ……18/06/2024………... and were signed on its behalf by:
Divine Dove
……………………………………… Rev. Divine Dove
Director/ Trustee
The notes on pages 8 to 10 form part of these accounts.
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THE AINCIENT ROCK CHAPEL NOTES TO THE ACCOUNTS YEAR ENDED 31ST AUGUST 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
These financial statements have been prepared under the historical cost convention and in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing accounts in accordance with the Financial Reporting Standard Section 1A applicable in the UK and Republic of Ireland and the Companies Act 2006
The Ancient Rock Chapel meets the definition of a public benefit entity under FRS 102
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Tithes & Offerings
Income from tithes and offerings, is included in incoming resources when these are receivable Investment Income
Investment income consists of net interest received during the year and accounted for as unrestricted fund
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Charitable activities
Costs of charitable activities are those costs relating to the activities carried out to meet the objectives of the Church. These include both directly attributable costs and apportioned support costs.
Governance costs
Governance costs are the costs associated with the strategic direction of the organisation and with meeting regulatory responsibilities including apportioned support cost.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Church and computer equipments
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund Accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used 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 purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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THE AINCIENT ROCK CHAPEL NOTES TO THE ACCOUNTS YEAR ENDED 31ST AUGUST 2023
| 2. VOLULTARY INCOME Tithes & Offerings Total incoming resources 3. CHARITABLE ACTIVITIES Gifts & donations Hospitality Ministry expenses Media and musician expenses 4. SUPPORT COSTS Rent Advertising & Marketing Telephone, software and internet Miscellanious Repairs and maintenance Subscriptions Motor expenses Bank charges Travel 5. GOVERNANCE COST Examiner fees |
2023 26,195 £26,195 2023 200 265 3,000 2190 5,655 2023 4800 1500 2476 10751 £894 36 1928 188 20 £22,593 2023 £450 £450 |
2022 8,317 £8,317 |
2022 8,317 |
|---|---|---|---|
| 2022 225 19 - 39 283 2022 2400 1350 567 3006 - 56 825 44 424 £8,672 |
|||
| 2022 £450 £450 |
6. STAFF COSTS
There were no trustees' expenses paid for the year ended 31st August 2023 for the prior year The costs of the remaining staff were:
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st August 2023 nor for the year ended 31st August 2022.
The average number of employees analysed by function : No employee received remuneration of more than £60,000.
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THE AINCIENT ROCK CHAPEL NOTES TO THE ACCOUNTS - CONTINUED YEAR ENDED 31ST AUGUST 2023
| 7. FIXED ASSETS COST At 1st September Additions DEPRECIATION Opening Balance Charge for the year NET BOOK VALUE As at 31st August 2023 As at 31st August 2022 8. CREDITORS : falling due after one year Other Creditors 9. MOVEMENTS IN FUNDS Unrestricted Funds General Fund General fund for the year General fund brought forward Total funds |
Incoming Resources | Incoming Resources | Musical Equipments 3,220 - 3,220 3,220 0 3,220 £0 £0 2023 £7,152 Resources Expended £28,698 2023 (£2,503) (£4,593) (£7,096) |
Total 3,220 - 3,220 3,220 0 3,220 £0 £0 2022 £6,702 Movement in |
Total 3,220 - 3,220 3,220 0 3,220 £0 £0 2022 £6,702 Movement in |
Total 3,220 - 3,220 3,220 0 3,220 £0 £0 2022 £6,702 Movement in |
Total 3,220 - 3,220 |
|---|---|---|---|---|---|---|---|
| 3,220 0 3,220 |
|||||||
| Funds (£2,503) |
Funds | ||||||
£26,195 |
|||||||
| 2022 (£1,088) (£3,505) |
|||||||
| (£4,593) |
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THE AINCIENT ROCK CHAPEL INCOME AND EXPENDITURE YEAR ENDED 31ST AUGUST 2023
| Incoming Resources: Voluntary income: Tithes & Offerings Total incoming resources RESOURCES EXPENDED: Charitable activities: Gifts & donations Hospitality Ministry expenses Media and musician expenses SUPPORT COSTS: MANAGEMENT Rent Advertising & Marketing Telephone, software and internet Miscellanious Repairs and maintenance Subscriptions Motor expenses Bank charges Travel GOVERNANCE COST Examiner fees Total resources expended Net expenditure |
2023 2022 £ £ 26,195 8,317 £26,195 £8,317 200 225 265 19 3,000 - 2,190 39 5,655 283 4,800 2400 1,500 1,350 2,476 567 10,751 3,006 894 - 36 56 1,928 825 188 44 20 424 £22,593 £8,672 £450 450 £450 £450 £28,698 £9,405 (£2,503) (£1,088) |
2022 £ 8,317 £8,317 |
2022 £ 8,317 |
|---|---|---|---|
| 225 19 - 39 283 2400 1,350 567 3,006 - 56 825 44 424 £8,672 |
|||
| 450 £450 £9,405 |