2020-12-31-accounts

RESURRECTION POWER AND LIVING BREAD MINISTRIES INTERNATIONAL LUTON BRANCH

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST] DECEMBER 2020

CHARITY NUMBER: 1187990

RESURRECTION POWER AND LIVING BREAD MINISTRIES INTERNATIONAL LUTON BRANCH UNIT 3, 10 MIDLAND ROAD LUTON LU2 0HR

INDEX Page Index 1 Trustee’s Report 2 - 3 Receipts and Payments Account 4 Statement of Assets and Liabilities 5 Notes on the financial Statements 6

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RESURRECTION POWER AND LIVING BREAD MINISTRIES INTERNATIONAL LUTON BRANCH

TRUSTEES’ REPORT YEAR ENDED 31[ST] DECEMBER 2020

The trustees are pleased to present their report for the year ended 31[st] December 2020 for the charity, Resurrection power and living bread ministries International luton branch with charity number 1187990.

The Trustees of the charity are: Pastor Daniel Mawutor Kobina Amass Aidoo Aidoo Simon Owusu Sophia Tamea Awuah Baffour

The principal address of the charity is : Unit 3, 10 Midland road Luton LU2 0HR

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Charity governing document is a CIO – Foundation Constitution registered 17[th] February 2020.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 advance 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 continues to hold successful meetings through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. The organisation held several conferences online during the year in which individuals came online from all around the community to attend. This has produced good results in reaching and helping members of the community. Due to the pandemic all services were conducted online during most of the financial year.

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FINANCIAL REVIEW

The income of the charity is above £13,000. This is a good amount for this year of the charity the costs have been well managed over this period. The organisation is still in a good position to manage its costs. The main cost of the organisation was paying for its rent for its place of worship and the costs incurred in running its operations.

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RESERVE POLICY

It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure.This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to maintain this level throughout the year.

RISK MANAGEMENT

The charity have assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major 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 30[th ] October 2021 and signed on their behalf by:

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RESURRECTION POWER AND LIVING BREAD MINISTRIES INTERNATIONAL LUTON BRANCH ACCOUNTS FOR THE YEAR ENDED 31st December 2020

**1 **	Receipts & Payments Account (General	Purpose Fund)
	Income Receipts	£/ 2020
	Donations	13389
	Total Receipts	13389
	Direct Charitable Expenditure
	Hire of Hall	3900
	Church Supplies	418
	Professional fees	150
	Welfare	680
	Hospitality	245
	Transport	50
	Consultancy services	480
	Stationery	30
		5953
	Other Expenditure
	Equipment	106
	Instruments	0
		106
	Total Payments	6059
	Net Receipts/(Payments) for the year	7330
	Cash Funds brought forward	150
	Cash Funds at the end of the year	7480

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RESURRECTION POWER AND LIVING BREAD MINISTIRES INTERNATIONAL LUTON BRANCH

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2 Statements of Assets and Liabilities at 31st December 2020
Monetary Assets
Cash Funds Unrestricted Funds
£/2020
£
Cash at hand and in bank 7480
Total Cash Funds 7480
Assets Retained for the
Charity's Own use
Non-monetary Assets and Liabilities
Musical Instruments 150
Equipments 350
500
Liabilities
Bookkeeping 360
NET ASSETS 7620
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These accounts were approved by the trustees and signed on their behalf by: Pastor Daniel Mawutor

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RESURRECTION POWER AND LIVING BREAD MINISTRIES INTERNATIONAL LUTON BRANCH NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31st December 2020

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 any debts secured on the asstes 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 confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.

Depreciation

Depreciation is calculated on Equipment and Instruments on 20% reducing balance method.

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