2023-12-31-accounts

RESURRECTION POWER AND LIVING BREAD MINISTRIES INTERNATIONAL LUTON BRANCH

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST] DECEMBER 2023

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 2023

The trustees are pleased to present their report for the year ended 31[st] December 2023 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.

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FINANCIAL REVIEW

The income of the charity is above £18,000. 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 22[nd ] October 2024 and signed on their behalf by:

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MINISTRIES INTERNATIONAL LUTON BRANCH ACCOUNTS FOR THE YEAR ENDED 31st December 2023

1 Receipts & Payments Account (General Purpose Fund)

Income Receipts Donations Total Receipts Direct Charitable Expenditure Media Supplies Hire of Hall Church Supplies Professional fees Welfare Hospitality Transport Church Events Stationery & Printing Speaker Expenses Donations Van hire Rates Other Expenditure Equipment Instruments Total Payments Net Receipts/(Payments) for the year Cash Funds brought forward Cash Funds at the end of the year	£/ 2023 £/ 2022 18186 15474
	18186 15474
	144 12000 11900 130 389 540 336 1680 200 298 376 500 3 917 492 0 49 850 500 652 947 0 100 300
	18011 15292 0 449 90 1173
	90 1622 18101 16914 85 -1440 3442 4882
	3527 3442

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RESURRECTION POWER AND LIVING BREAD MINISTIRES INTERNATIONAL LUTON BRANCH

**2 **	Statements of Assets and Liabilities at 31st December	Statements of Assets and Liabilities at 31st December	2023
	Monetary Assets
	Cash Funds		Unrestricted Funds
		£/2023	£/2022
		£	£
	Cash at hand and in bank	3527	3442
	Total Cash Funds	3527	3442
	Assets Retained for the
	Charity's Own use
	Non-monetary Assets and Liabilities
	Musical Instruments	899	1034
	Equipments	1498	1873
		2397	2907
	Liabilities
	Bookkeeping	360	360
	NET ASSETS	5564	5989

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 2023

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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