## RHEMA ## FAITH MINISTRY MANCHESTER Trustees Report & Accounts 31 December 2023 ## Rhema Faith Ministry Manchester THE Dunamis Centre Northmoor Road Levenshulme Manchester M12 5RG ## RHEMA FAITH MINISTRIY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 Dec 2023. The trustees of the charity present their report with the financial statements of the charity for the year ended Dec 31, 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: 1182083 THE Dunamis Centre Registered Office: Northmoor Road Levenshulme Manchester M12 5RG Trustees: Zekarias M Haile Trustee (Chairman) Yonase Hagose Trustee Daniel Kebede Trustee Bankers: HSBC Bank 2-4 St Anns Square Manchester M2 7HD 1 ## STRUCTURE, GOVERNANCE AND MANAGEMENT: ## Governance The church is governed by a Constitution and the Church Council, as defined by the Charities Act 2011. ## Membership of trustee board: The trustees of the charity are also voluntary trustees for the purposes of charity law and under the charity's Constitution are known as members of the Trustees Board. ## Induction and training of trustees All trustees are familiar with the practical work of the church and have undertaken training to support their role. ## Organizational structure The Trustee Board meets quarterly and a quarterly report is given at each meeting. The Pastor and deacons have the responsibility for the day-to-day operational management of the Ministry supported by the Elders. ## Risk management The Trustees have a duty to identify and review the risks to which the ministry is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Internal control risks are minimized by the implementation of procedures for authorization of all transactions. Procedures and risk assessments are in place to ensure compliance with Health and Safety of volunteers; members; children; and visitors to the church ## OBJECTIVES AND ACTIVITIES: Objectives - For the Benefit of the public - a) To advance the Christian religion in Manchester and throughout England for the benefit of the public through the holding of prayer meetings, lectures and public celebration of religious festivals to enlighten others about the Christian 2 ## ACHIEVEMENTS AND PERFORMANCE IN THE YEAR: ## ACHIEVEMENTS - a) Pastoral care, visiting church members on their house, encouraging saints to serve the lord Jesus Christ and helping and looking after them based on their needs - b) Holding Weekly Sunday services. This gives the opportunity to the community to come together for pray, worship, learn the word of God. During the year we had five guest speakers. - c) Holding Weekly Bible study and pray - d) Holding one-to-one Street preach. Mange to distribute around 50,000 leaflets. - e) Had two Openair preaching - f) The church continually to supports the spiritual and physical needs of the community in Manchester and its environments. - g) Children ministry, teaching the word of God for children every Sunday. - h) Holding weekly (every Wednesday) bible study. - i) Eight people been baptized - j) Holding Quarterly UK Rhema Faith Ministry meeting. ## FINANCIAL REVIEW: ## Church Finances: The church finance committee was responsible for the financial planning during the year. The church was able to raise £39.48k and There was a surplus of approximately £8.5k during the year. The trustees have been very efficient in managing the charity's expenses within the year. ## STATEMENT OF TRUSTEES RESPONSIBILITIES The trustees are responsible for preparing the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice (UK GAAP). Charity law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with the United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the charitable company and of the 3 surplus or deficit of the charitable company for that period. In preparing those financial statements, the trustees are required to 1. Select suitable accounting policies and then apply them consistently; 2. Make judgments and estimates that are reasonable and prudent; 3. Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company 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 charitable company and to enable them to ensure that the financial statements comply with the Charities Act 2011. 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. On behalf of The trustees Mr Zakarias M Haile 20 Oct 2024 4 ## RHEMA FAITH MINISTRIY STATEMENT OF FINANCIAL ## ACTIVITIES FOR THE YEAR ENDED 31[st] Dec 2023 |||||2023|2022| |---|---|---|---|---|---| ||Note|General|Restricted|Total|Total| |INCOMING|||||| |Income|2|39,482|0|39,482|28,395| |Total||39,482|0|39,482|28,395| |RESOURCES EXPENDED|||||| |Management and|||||| |Administration|3|30,944|0|30,944|14,053| |Total Resources Expended||30,944|0|30,944|14,053| |Net Incoming Resources||8,537||8,537|7,679| |Net Movement in Funds||8,537|0|8,537|7,679| |Transfers||0||0|0| |Balance Brought Forward||75,533|0|75,533|61,191| |Balance Carried Forward||84,070|0|84,070|75,533| 5 ## RHEMA FAITH MINISTRIY BALANCE SHEET FOR THE YEAR ENDED 31[st] Dec 2023 |1Non-Current Assets:
Fixed Tangible Assets
Current Assets
HSBC
Creditors
Amounts falling due within one year
Net Current Assets
Net Assets
Funds
General
Restricted
|Note
|2023
0
84,070
0
84,070
84,070
84,070
84,070|2022
0
75,533
0
75,533
75,533
75,533
75,533| |---|---|---|---| Approved by the Trustee board on 20/10/2023 And signed on its behalf by Mr Chairperson 6 ## NOTES TO THE FINANCIAL STATEMENTS: ## 1. ACCOUNTING POLICIES The financial statements have been prepared in accordance with applicable accounting standards and the Charities SORP. ## Basis of Accounting: The financial statements have been prepared under the historical cost convention. The financial statements include all transactions, assets and liabilities for which the Church is responsible in law. ## Incoming funds: All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The Church has the following income source. ## Voluntary Income Voluntary Income is received by way of collection of tithes, special appeal for funds, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of specific performance by the charity are recognized when the charity becomes unconditionally entitled to the grant. ## Resources Expended: Expenditure is recognized on the accrual basis as a liability is incurred. Expenditure included any VAT which cannot be fully recovered, and is reported as part of the 7 ## RHEMA FAITH MINISTRIY ## NOTES TO THE FINANCIAL STATEMENTS ENDED 31[st] Dec 2023 |2 INCOMING RESOURCES
Subtotal

**Total**
Voluntary Income
General Fund
Offering
Tithe
Interest on saving|39,482
**39,482**
General
0
39,482|0
39,482
28,395
**0 39,482 28,395**
2023
2022
Restricted
Total
Total
0
0
0
0
39,482
28,395
0
0| |---|---|---| ||
|| 8 ## RHEMA FAITH MINISTRIY NOTES TO THE FINANCIAL STATEMENTS ENDED 31[st] Dec 2023 ## 3: RESOURCES EXPENDED |Management &Admin
Bank service charge
Children ministry
Evangelism
General
Global mission
Love gift
None capitalized
Refreshments
Rent
Travel
**Total**|2023
£
222
660
412
1,346
2,635
2,000
5,129
4,666
13,775
100
**30,944**|2022
£
0
0
1,493
2589
0
0
0
1,762
7,900
309
**14,053**| |---|---|---| 9