## **EMMANUEL REFORMATION FWLLOWSHIP CHURCH (UK)**
## **FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2024**
**CHARITY NO:- 1186002**
## **EMMANUEL REFORMATION FOLLOWSHIP CHURCH (UK)**
## **INFORMATION**
**Trustees**
**Trustees** Andinet Lemma Hailu Lidya Bedlu Teklemariam Berhane Aseged **Treasurer** Lidya Bedlu Teklemariam **Secretary** Lidya Bedlu Teklemaraim **Address** 27A Rye Hill Park London SE15 3JN
## **Bankers**
Barclays Bank 147-149 Rye Lane London SE15 4ST
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## **EMMANUEL REFORMATION FWLLOWSHIP CHURCH (UK)**
## **CONTENTS**
Statement of Trustees responsibilities Accountants' report Income and expenditure account Balance sheet
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## **EMMANUEL REFORMATION FWLLOWSHIP CHURCH (UK)**
## **STATEMENT OF THE TRUSTEES RESPONSIBILITIES**
The trustees present their report along with the financial statements of the charity for the year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies set out in Note 1 to the accounts which can be found on page 5.
## **Constitution and Objectives**
The Charity was constituted by a Declaration of Trust dated 01/01/2020
It is registered with the Charity Commission under the number 1186002
The historic object of the charity as detailed in previous accounts was to provide TEACHING BIBLES, GIVE ADVISES TO MEMBERS WHO SEEKS
The Trustees continue to focus on ensuring financial stability and this has continued through the years with the the charity maintaining a healthy reserve.
Trustees continue to support local community through providing advise and guidance.
The trustees have continued throughout 2023/24 to focus on improving the day to day operations of the charity.
## **Charity Aims**
To provide raise a generation with a strong moral character, protected from the influence of evil and worldly corruptions.
To nurture young people who respect their elders, work diligently, and contribute positively to their communities
To help those in need providing comfort, care and practical support to people in pain, distress or difficult circumstances.
To build a generation that become a blessing to their nation and community, not a sources of trouble, through the transforming power of God’s word.
To train and equip ministers, raising up new leaders and successors for the work of the Kingdom.
To provide guidance and training programs for the children of working parents, helping them grow in wisdom, faith and good character.
To encourage and establish financial and moral solidarity among members, motivating them to work, support one another, and become productive contributors to society and the church.
## **Charity Values**
We will:-
Be transparent and open in all our decision making
Be welcoming to everyone who wants to join us.
Work in partnership with local leaders and other groups across our community.
Lead by example and treat others as we expect to be treated.
Ensure we have proper, safe and efficient practices and procedures in place to protect our members.
The trustees have referred to the guidance by the Charity Commission on public benefit when reviewing the Charity’s aims and objectives that have taken place during the year, and can be found later in the report.
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## **EMMANUEL REFORMATION FWLLOWSHIP CHURCH (UK)**
## **STATEMENT OF THE TRUSTEES RESPONSIBILITIES**
## **Organisational Structure**
The trustees who have served the charity at the time the accounts were signed are shown on page 1.
The charity is responsible for maintaining the premises, its contents and the grounds in a suitable state of repair.
## **Financial Review**
The charity had net outgoing costs of £12,102.00 from the day to day running of the charity for 2023/24, the charity had a net income for the year of £790 for 2023/24.
The trustees continue to carefully manage the charity finances and are satisfied that it will be able to continue for the foreseeable future.
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## **EMMANUEL REFORMATION FWLLOWSHIP CHURCH (UK)**
## **STATEMENT OF THE TRUSTEES RESPONSIBILITIES**
## **Review of Activities**
The trustees have endeavored to work within the guidelines of the charity commission on public when delivering activities, always mindful that the charity is to provide services for the local community and the surrounding area.
Throughout the year trustees continued to focus on ensuring financial stability, site maintenance and operational compliance.
Investment Policy
There is currently no investment policy in place.
Reserves Policy
It is the policy of the trustees to maintain unrestricted funds which are free of reserves of the charity at a level to provide sufficient funds to cover anticipated administration and support costs for a period of 12 months.
Any additional reserves are held to provide capital funds for repairs that will be required for the upkeep of the premises.
Risk Management
The Trustees are aware of the operational and financial risks which the charity faces. They regularly review those risks to mitigate any impact they may have on the charity.
## **STATEMENT OF TRUSTEES REPONSIBILITIES**
Law applicable to charities in England and Wales require Trustees to prepare financial statements for each financial year which give a true and fair view of the charity and of the incoming resources and application of resources of the charity for that period. In preparing the financial statements giving a true and fair view, the Trustees should follow best practice and:
Select suitable accounting policies and the apply them consistently.
Make judgements and estimates that are reasonable and prudent.
State whether applicable accounting standards have been followed subject to any material departures disclosed and explained in the financial statements.
Prepare the financial statements on the ongoing concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ascertain the financial position of the charity and 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 of fraud and other irregularities.
**----- Start of picture text -----**
Signed: …………………………………
(Trustees)
Signed: …………………………………
Date:-
**----- End of picture text -----**
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## **EMMANUEL REFORMATION FELLOWSHIP CHURCH (UK)**
I report to the Trustees on my examination of the accounts of the above named charity (registered no. 1186002) for the year ended 31 December 2024, set out on pages 5 to 9.
## **Responsibilities and basis of report**
As the charity trustees you are responsible for the preparation in accordance with the requirements of the Charities Act 2011 (the Act).
I report in respect of my examination of The Trustees' accounts carried out under section 145 of the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent Examiners Statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
(1) accounting records were not kept in respect of the Charity as required by section 130 of the act: or
- (2) the accounts do not accord with those recorded; or
- (3) the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give 'a true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
## **Sam and Co Consultancy Ltd**
## **Date:-**
**Accountants and Business advisor 198 Caledonian Road, London**
**N1 0sq**
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## **EMMANUEL REFORMATION FELLOWSHIP CHURCH (UK)**
## **INCOME & EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024**
|**Income**
**Note**
Room Hire & Rents
Sundry Income
**Gross Income**
**Expenditure**
Salary
Hall Hire
Zoom
Subscriptions
Telephone
Accountancy
**2**
Sundrys
Others||**General**
**Fund**
24,892|**General**
**Fund**
24,892|**Restricted**
**Fund**
-
-||**Total**
**2024**
**24,892**
**24,892**
**-**
**12,000**
**6,000**
**202**
**4,200**
**720**
**800**
**180**||**Total**
**2023**
24,780|
|---|---|---|---|---|---|---|---|---|
||||||||||
||||24,892||||24,780||
||||12,000
6,000
202
4,200
720
800
180||||-
6,396
9,556
270
5000
1,738
800
-||
|**Total Expenditure**|24102|**24102**|23,760|
|---|---|---|---|
|**Surplus/(Deficit) for the year**|790|**7 9 0 **|1020.00|
|**Funds balance B/fwd**||||
|**Fund balance C/fwd**|1810|**1810**|1020|
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## **EMMANUEL REFORMATION FELLOWSHIP CHURCH (UK)**
## **BALANCE SHEET AS AT 31 March 2024**
||**Note**||**2024**|||2023||
|---|---|---|---|---|---|---|---|
|**Fixed Assets**||||||||
|Tangible Assets|**2**|||**960.00**|||1200|
|**Current assets**||||||||
|Debtors|**3**||||-|||
|Cash at bank and in hand|**4**|**1810**|||1020|||
|**Less: Current Liabilities**||||||||
|Creditors falling due within one year|**5**|||||||
|**Net current assets**||||**1810**|||1,020|
|**TOTAL ASSETS LESS CURRENT**|**LIABILITIES**|||**1810**|||1,020|
|**Less: Current Liabilities**||||||||
|||||**-**|||-|
|**TOTAL NET ASSETS**||||**2770**|||2,220|
|**Financed By**||||||||
|General funds|**6**|||**24892**|||24780|
|Restricted funds|**7**|||||||
|Designated funds||||**-**|||-|
|||||**24892**|||24780|
The financial statements were approved by the Trustees and signed on their behalf by:
Signed ............................................................. (Treasurer) Signed: ………………………………… (Trustees) Signed: ………………………………… Date:-
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## **EMMANUEL REFORMATION FELLOWSHIP CHURCH (UK)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 December 2024**
## **1. Accounting policies**
## **1.1 Basis of preparation and assessment of going concern**
The financial statements have been prepared under the historic cost convention unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (FRS 102) and the Financial Standard (FRS 102) and the Charities Act 2011.
The trustees consider that there are no material uncertanties about the Trust's ability to continue as a going concern. The trustees have a reasonable expectation the Trust has adequate reserves to continue in operation for the foreseeable future. Accordingly the trustees continue to adopt the going concern basis in the preparation of the accounts.
## **1.2 Income Recognition**
Income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Donations are recognised when they are received.
## **1.3 Expenditure Recognition**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis.
Grants are recognised when they are approved and the intention has been communicated to the recipient.
## **1.4 Depreciation**
Depreciation is charged on all fixed assets and aims to write off the value of assets over their useful economic lives at the following annual rates:
Fixtures & Fittings - 20 % reducing balance
## **2 Fixed Assets**
|Net book value brought forward at 01 April 2023
Additions
Disposals
Less: Depreciation charge for the year
Elimination on Disposal
**Net book value carried forward at 31 December 2024**
**3 Debtors**
Prepayments
Room Hire debtors
Accrued Income
**4 Cash at bank and in hand**
Current account
Funding account
Petty cash
Balances held by sections
**5 Creditors: Amounts falling due within one year**
Other creditors
Accruals|
**2024**
£
||**Fixtures &**
**Fittings**
£
1,200|**Total**
£
1,200|
|---|---|---|---|---|
||||1,200
-
240
960.00
**2023**
£
-
-
**-**
**2023**
£
1020
-
**1020**
**2023**
£|1,200
- 2 4 0|
|||||**9 6 0 **|
||||||
||**2024**
£
1810
-
-||||
||**1810**||||
||**2024**
£||||
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## **EMMANUEL REFORMATION FELLOWSHIP CHURCH (UK)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **6 General Funds**
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
## **7 Restricted Funds**
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for a particular purpose. The costs of raising and administering such funds are charged against the specific fund.
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