REJOICE RESOURCE CENTRE
REPORT AND ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2021
CHARITY NUMBER 1179395
REJOICE RESOURCE CENTRE
| Contents | Page |
|---|---|
| Adminstrative Information | 1 |
| Report of the Trustees | 2 - 3 |
| Independent examiner's Report | 4 |
| Receipt and Payment Account | 5 - 6 |
| Notes forming part of the Accounts | 7 |
REJOICE RESOURCE CENTRE
Administrative Information:
| Charity Name: | REJOICE RESOURCE CENTRE |
|---|---|
| Charity Registration : | 1179395 |
| Registered Office and | 112 Onslow Road |
| Operational Address: | Croydon |
| CR0 3NL | |
| Trustees: | Chukwuka E. Enemokwu |
| Rev. Michael Oluwasegun | |
| Tobechukwu N. Wemambu | |
| Independent Examiner | TPC Consult (UK) Ltd |
| 18 Peckover Close | |
| Peterborough | |
| PE2 8UQ |
Page 1
REJOICE RESOURCE CENTRE
Report of the Trustees for the year ended 31 March 2021
The Trustees, are pleased to present the annual report together with accounts for the year ended 31 March 2021
Structure, Governance and Management
The Charity was registered with Charity Commission on the 31st day of July 2018. Its governing document is a CIO foundation Constitution adopted at its registration.
Objectives and Activities
The charity is established with a primary objective:
To advance the Christian Faith in United Kingdom for the benefit of the public through the holding of prayer meetings, publicising and distributing literatures on the Christian faith to enlighten others about the Christian religion.
These objectives are charitable and we operate mainly for the public good and benefits. The charity achieves its objectives by organising several meetings within the year, and it is open to the public and its members to train and empower them and to impact the local communities positively.
Financial Review
The principal funding sources for the charity are currently from individuals by way of voluntary Donations.
Receipt and Payment - the total receipt for the period under review was £959.90 and the total payments made was £940 with a net receipts / (Payments) of £19.
Major Events during the year
There was no major event during the period under review as. The impact of the pandemic has lead to planned programmes being postponed to coming year.
Public Benefits Statement:
Rejoice Resources Centre is a community focused charity. As a result, most of our programmes are tailored towards the holistic development, support and enjoyment of the community.
ACHIEVEMENT IN THE PERIOD
The Charity organised Christmas outreaches in December 2020 and the program was successful
Future Plan
The coming of the Pandemic has led to the trustees looking for different ways to continue the community work the charity has been doing.
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REJOICE RESOURCE CENTRE
Report of the Trustees for the year ended 31 March 2021
Reserve and Investment Policy
It is the objective of the charity to ensure unrectricted funds are kept at a level which provides sufficient funds to cover management, administration and support costs on an on-going basis.
The Charity has a policy of keeping any surplus liquid fund in short-trem deposits which can be readily acccessed and where the capital is protected. The objective of the investment policy is to maximise interest while limiting risk. This policy is adopted as the surplus funds are expected to be used in the near future to fund future committment.
Risk Management
The Trustees have conducted a review of the major risks which the charity is exposed, in particular those to operations and finances of the charity. The Trustees review the risk regularly at their meetings and are satisfied that systems are in place to mitigate the Charity's exposure to major risks. Significant external risks to funding have led to the development of a strategic plan which will allow or the diversification of funding activities. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions.
Members of the Board of Trustees
Members of the Board of Trustees, and trustees for the purpose of charity law, who served during the year and up to the date of this report are set out on page 1.
In accordance with charity law, as trustees, we certify that:
So far as we are aware, there is no relevant information of which the company's accountants are unaware; and as the trustees of the charity we have taken all steps that we ought to have taken in order to make ourselves aware of any relevant information and to establish that the Charity's accountants are aware of that information.
Approval
This report was approved by the board of Trustees and signed on their behalf by:
Chukwuka E. Enemokwu
Trustee
Date: 31th December 2021
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REJOICE RESOURCE CENTRE
Independent Examiner's Report to the Trustees of Rejoice Resources Centre Centre
I report on the accounts of the above Charity for the year ended 31 March 2021 set out on the following pages.
Respective responsibilities of trustees and independent examiner
The 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 Act 2011 (the 2011 Act) and that independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act
-
to follow the procedures laid down in the general Direction given by the Charity commission (under section 145(5)(b) of the 2011 Act, and * to state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination was carried out in accordance with 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 the 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.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
1.Which gives me reasonable cause to believe that in any material respect the requirements:
• To keep accounting records in accordance with section 130 of the 2011 Act; and
• To prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or
2.To which in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
---------------------------------------------------- Date: 31th December 2021
Chioma John-Musa FFA, FIPA TPC Consult (UK) Ltd 18 Peckover Close Peterborough PE2 8UQ
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REJOICE RESOURCE CENTRE
Accounts for the year ended 31st March 2021
Section A Receipts and payments
| Section A Receipts and payments | Section A Receipts and payments | Section A Receipts and payments | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted funds to the nearest £ A1 Receipts |
Restricted funds to the nearest £ |
Endowment funds to the nearest £ |
Total funds to the nearest £ |
Last year to the nearest £ |
|||||
| Donation | 959 | - | - | 959 | 1,031 | ||||
| - | - | - | - | ||||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| Sub total(Gross income for AR) | 959 | - | - | 959 | 1,031 | ||||
| A2 Asset and investment sales | |||||||||
| Loan Repayment | - | ||||||||
| Loan Received from external founder | - | - | |||||||
| Sub total | - | - | |||||||
| Total receipts A3 Payments |
|||||||||
| 1,031 | |||||||||
| Rent and Venue hires | - | - | - | - | - | ||||
| Motor Expenses | - | - | - | - | - | ||||
| Bank Charges | - | - | - | - | - | ||||
| Donation to other charities | - | - | - | - | - | ||||
| Pinting & Stationaty | - | - | - | - | - | ||||
| Professional & Legal fees | 150 | - | - | 150 | 150 | ||||
| Telephone | - | - | - | - | - | ||||
| Insurance | - | - | - | ||||||
| Music and Media | - | - | - | ||||||
| Equipments | - | - | - | - | - | ||||
| Travel & Subsistence | - | - | - | - | - | ||||
| Children Church | - | - | - | - | - | ||||
| Welfare Support | 790 | - | - | 790 | 80 | ||||
| Repairs & Maintenance | - | - | - | - | - | ||||
| Events and Refreshment | - | - | - | - | - | ||||
| Ministry cost and Admin cost | - | - | - | ||||||
| Training& Books | - | - | - | - | - | ||||
| **Sub total ** | 940 | - | - | 940 | 230 | ||||
| A4 Asset and investment purchases | |||||||||
| Carpets | - | ||||||||
| - | |||||||||
| **Sub total ** | - | - | |||||||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
|||||||||
| 230 | |||||||||
| 19 | 19 | 801 | |||||||
| - | - | - | |||||||
| 801 | 801 | - | |||||||
| 820 | 820 | 801 |
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REJOICE RESOURCE CENTRE
Section B Statement of assets and liabilities at 31st March 2021
| Categories Signed by one or two trustees on behalf of all the trustees B4 Assets retained for the charity’s own use B1 Cash funds B2 Other monetary assets B3 Investment assets B5 Liabilities |
Details Church Equipments Furnitures, Fixtures & Fittings Computer Musical Equipments Details Cash Balance in bank account (agree balances with receipts and payments account(s)) Details Total cash funds Details Details Signature |
Unrestricted funds to nearest £ 820 - - 820 OK Unrestricted funds to nearest £ - - - - - - Fund to which asset belongs Fund to which asset belongs Unrestricted Unrestricted Unrestricted Unrestricted Fund to which liability relates |
Restricted funds to nearest £ - - - - OK Restricted funds to nearest £ - - - - - - Cost (optional) - - - - - Cost (optional) - - - - - - - - - Amount due (optional) - - - - - Name . Enemokwu |
Endowme nt funds to nearest £ |
|---|---|---|---|---|
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| OK Endowme nt funds to nearest £ |
||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| Current value (optional) |
||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| Current value (optional) |
||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| When due (optional) |
||||
| Date of approval |
||||
| Chukwuka E | . Enemokwu | 31/12/2021 | ||
Page 6
REJOICE RESOURCE CENTRE
Notes to the financial statements for the year ended 31 March 2021
(a) Basis of Accounting
The accounts have been prepared using the receipt and payment method in accordance with Charities Act 2011.
(b) Fund Accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Restricted funds are subjected to restrictions on their use as imposed by the donor or through the terms of an appeal. Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.
Receipts are classified under Tithes, offerings because as a church these are the main types of donation given by individuals
(c) Staff
The Charity has no employee during the the accounting years under review. All its work has been managed by Volunteers during this financial year.
(d) 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.
(e). Trustee Remuneration
No member of the Board of Trustees received any remuneration during the year under review.
(f). Related Parties
In the year under review and in the course of our assignment, we are satisfied that there is no transfer of economic benefits to any Trustee or responsible officer of the Charity as a result of this transaction, as is the requirement of IAS 24 Related Party Disclosure.
Page 7