OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-11-30-accounts

Report and Financial Statements For the Year Ended 30 November 2023

11/30/2023 Registered Charity No: 1188054

RESURRECTION POWER AND LIVING BREAD MINISTRIES INTERNATIONAL EAST LONDON

November 30, 2023

RESURRECTION POWER AND LIVING BREAD MINISTRIES INTERNATIONAL EAST LONDON

CONTENTS Page
Legal and administrative information 3
Report of the Trustees 4
Report from Reporting Accountant 12
Statement of financial activities 14
Balance sheet 15
Notes to the financial statements 17

2

November 30, 2023

RESURRECTION POWER AND LIVING BREAD MINISTRIES INTERNATIONAL EAST LONDON

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees: Smith Yeboah Rev Samuel Appiah Andy Yaw Funsu Registered Address 14 FOX CLOSE CANNING TOWN LONDON E16 1NU

Charity Number: 1188054 Accountants: Jacob Manu & Co 64 Broadway Stratford London E15 1NT

3

November 30, 2023

RESURRECTION POWER AND LIVING BREAD MINISTRIES INTERNATIONAL EAST LONDON

REPORT OF THE TRUSTEES

The Trustees present the Annual Report and financial statements of RESURRECTION POWER AND LIVING BREAD MINISTRIES INTERNATIONAL EAST LONDON for the year ended 30 November 2023. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" (revised 2005) in preparing the Annual Report and Financial Statements of the charity/company. The Report and Financial Statements also comply with the Companies Act 2006.

STRUCTURE, GOVERNANCE, AND MANAGEMENT

Legal status and Governing document

The objects and powers of the Charity were established in the church's Constitution, which governs the church. The trustees are responsible for arranging and organizing Annual General Meetings (AGM).

Appointment

The Trustees who held office during the financial year and at the date of this report are set out on page 3. The Trustees are elected by the church in accordance with the rules set out in the Constitution. The Church Council's appointment method is also set out in the Church Constitution. The trustees are voluntary, and they form the membership of the trustee board.

Induction and Training

Trustees, as part of their induction and training, go through series of training where they are briefed on their legal obligations and the Charity Commission’s guidance on public benefit. The objects and aims of the church are explained. Trustees and volunteers are also encouraged to attend appropriate external training events where these will facilitate the undertaking of their role. The Board of Trustees manages the affairs of the church. The Board and the Church Council work cooperatively with the Reverend Minister, who has day to day operational responsibility, and are responsible for making decisions on all matters of general concern and importance to the church.

4

November 30, 2023

RESURRECTION POWER AND LIVING BREAD MINISTRIES INTERNATIONAL EAST LONDON

Organisation

The Board of Trustees and Council members are responsible for the overall strategy and direction of the Church. The Board of Trustees and Council members are responsible for cooperating with the Reverend Minister to promote the whole mission of the Church – pastoral, evangelistic, social, and ecumenical. The Trustees give their time on a voluntary and unpaid basis. The Church Council has broad responsibilities. It has some committees, each dealing with a particular aspect of church life. These committees, which include music/worship, outreach, welfare, and finance, are accountable to and report back to the Board of Trustees and Church Council on a regular basis.

Risk Management

The trustees have assessed the significant risks to which the charity is exposed, in particular those related to the operations and finances of the charity. They are satisfied that systems are in place to mitigate exposure to significant risks. The trustees have a risk management strategy which comprises:

Interest of Board of Trustees

No member of the Trustees had, at any time during the period under consideration, any interests in the charity which require disclosure in this report.

5

November 30, 2023

RESURRECTION POWER AND LIVING BREAD MINISTRIES INTERNATIONAL EAST LONDON

AIMS AND PURPOSE/OBJECTIVES

The RESURRECTION POWER AND LIVING BREAD MINISTRIES INTERNATIONAL EAST LONDON was set up to, among others; to advance the Christian faith by sharing and demonstrating the Love of God to every person in every way possible and to reach the uttermost part of the earth with the Full Gospel of Jesus Christ.The principal activities of the church include:

  1. To proclaim the Gospel of the Kingdom of God through activities such as regular Sunday meetings and weekly activities; conferences, ministerial training and seminars.

  2. To share and demonstrate God’s love by ministering to the needs of people (both members and others).

  3. Worship services which are opened to the general public – during these services we encourage personal growth by developing and empowering people through preaching and teaching of the Gospel of Jesus Christ; by motivating people through seminars and conferences.

  4. To develop strong society by encouraging and building strong family relationship through seminars/conferences and family friendly activities.

  5. To evangelize in order to tell people about the love of Christ by the use of the media (radio evangelism), tracts and other educative materials.

  6. To build lives by encouraging people to have hope in life and using the ministry of healing and deliverance through the full Gospel of Jesus Christ by provision.

  7. To undertake general charitable activities – such as providing aid for the needy.

6

November 30, 2023

RESURRECTION POWER AND LIVING BREAD MINISTRIES INTERNATIONAL EAST LONDON

OBJECTIVES, AIMS AND PRINCIPAL ACTIVITIES

The RESURRECTION POWER AND LIVING BREAD MINISTRIES INTERNATIONAL EAST LONDON is committed to enabling as many people as possible to worship at our church and to become part of our community. The trustees maintain an overview of worship throughout the parish and constantly seek ideas on how our services can involve the diverse population and groups that live within our parish and the community. Our services and worship put faith into practice through prayer and scripture, music and sacrament, healing and deliverance.

When planning our activities for the year, the Pastor and the Board of Trustees has considered the Charity Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. In particular, we try to enable ordinary people to live out their faith as part of our church community through:

A summary of the result of the RESURRECTION POWER AND LIVING BREAD MINISTRIES INTERNATIONAL EAST LONDON activities during the period is given in the Statement of Financial Activities on page 16. Total income of the charity amounted to £ 47,683. The income was spent judiciously to meet the objectives of the Church.

Volunteers

Without our volunteers' selflessness, hard work and dedication, we couldn’t have achieved our aims and objectives. The volunteers at RPLB( East London) contribute significantly to the running of the church and enable it to fulfil its goals. We would therefore like to thank all the volunteers who work so hard to make our church lively and vibrant in the community. The valuable contribution of the Church members' time, energy and expertise has helped the church community achieve so much.

7

November 30, 2023

RESURRECTION POWER AND LIVING BREAD MINISTRIES INTERNATIONAL EAST LONDON

Financial Review

The book values of the assets held at the year-end are, in the opinion of the Board of Trustees, as stated in the financial statements. Also, in its opinion, adequate assets are available to fulfil the obligations of the charity. Our principal source of funds comes from the generous donations of committed members through Tithes and Offerings. Overall, we had a good financial year. Total receipts on unrestricted funds were £57,872, of which £30,639 was spent to promote the Christian ministry and charitable activities.

Reserves Policy

The Trustees have identified the need for reserves to be held. Developing a reserves policy will assist in strategic planning, such as considering how new projects or future activities will be funded. To ensure sustainability and continuity of future financing activities, the trustees plan to have unrestricted funds to cover at least three months of unrestricted payments. This policy will be reviewed regularly to meet the charitable needs of the Church.

Investment Policy

The Trustees can invest in such assets as they see fit. The charity's investment policy is appropriate to the nature of the funds for which the investment is held. The primary investment aim is to provide high security and liquidity and maximise returns whilst adopting a conservative approach.

Grant Making Policy

As part of our charitable objectives of providing aid to the needy, we make cash gifts to disadvantaged people and members who find themselves in some form of financial difficulty.

8

November 30, 2023

RESURRECTION POWER AND LIVING BREAD MINISTRIES INTERNATIONAL EAST LONDON

ACHIEVEMENT AND PERFORMANCE

9

November 30, 2023

RESURRECTION POWER AND LIVING BREAD MINISTRIES INTERNATIONAL EAST LONDON

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The Charity Commission requires the directors, the Trustees, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity at the year end, of its incoming resources and resources expended during that year. In preparing those financial statements, the Trustees are required to:

INDEPENDENT EXAMINER

Jacob Manu & Co has expressed their willingness to continue in service and a resolution on this would be put to the Board of Trustees at the forth-coming Annual General Meeting.

10

November 30, 2023

RESURRECTION POWER AND LIVING BREAD MINISTRIES INTERNATIONAL EAST LONDON

STATEMENT OF DISCLOSURES

a) So far as the Trustees are aware, there is no relevant information of which the Church’s Independent Examiners are unaware, and

b) They have taken all the steps that they ought to have taken as Trustees in order to make themselves aware of any relevant information and to establish that the Church's Independent Examiners are aware of that information.

By order of the Board of Trustees

...............................................

Smith Yeboah - Trustee- Chairman

Date: 19/09/2024

11

November 30, 2023

RESURRECTION POWER AND LIVING BREAD MINISTRIES INTERNATIONAL EAST LONDON

INDEPENDENT EXAMINERS’ REPORT FOR THE YEAR ENDED 30 November 2023

We have examined the financial statements on pages 12 to 18 for the year ended 30 November 2023, comprising the statement of economic activities. The financial statement has been prepared under the historical cost convention and the accounting policies.

The report is made solely to the Charity's Trustees as a body, in accordance with Section 44 of the Charities Act 1993. The charity's trustees are generally of the opinion that an audit is not required in accordance with Section 43(2) of the 1993 Act and have opted for an independent examination instead.

Respective responsibilities of trustees and independent examiners

The Trustees are responsible for preparing the Trustees' Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards. These are set out in the Statement of Trustees' Responsibilities in the Trustees Report.

Our responsibilities as independent examiners of the charity are:

  1. to examine the books and accounts of the charity in compliance with Section 43 of the 1993 Act;

  2. to strictly adhere to the general directions provided by the Charity Commission under Section 43(7)(b) of the Charities Act 1993; and

  3. to state whether particular matters have come to our attention in the course of our examination.

We report to you whether the financial statements have properly been prepared in accordance with United Kingdom Generally Accepted Accounting Practice, the Companies Act 2006 and in accordance with the Charities Act 1993.

We also report to you whether the information in the Trustees' Report is consistent with the financial statements. If we become aware of any apparent misstatements or material inconsistencies, we consider the implications of our report.

In addition we report to you if the charity has not kept proper accounting records, if we have not received all the information and explanations we require for our work, or if information specified by law regarding trustees' remuneration and other transactions with the charity is not disclosed.

12

November 30, 2023

RESURRECTION POWER AND LIVING BREAD MINISTRIES INTERNATIONAL EAST LONDON

Basis of opinion

Our examination was carried out in accordance with the general direction provided by the Charity Commission. It includes reviewing the books, documents, and other accounting records kept by the charity and comparing these with the accounts presented.

Our examination also includes consideration of any unusual disclosures or items in the accounts, and seeking explanations from the Trustees. It is imperative to state here that 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'. Our report is therefore limited to the statements below:

Independent examiners' statement

In connection with our examination, we report that no matter has come to our attention, which gives cause to believe that the following have not been met:

  1. Keeping proper accounting records in accordance with Section 386 and 387 of the Companies Act 2006.

  2. Preparing accounts which accord with the underlying accounting records and which are in compliance with the Companies Act 2006, the United Kingdom Generally Accepted Accounting Practice (UK GAAP), the Statements of Recommended Practice (SORP) - Accounting and Reporting by Charities and the Charities Act 1993.

  3. Consistency of the information contained in the Trustees Report with the financial statements.

..................................................... Date: ....19.... Day of.....September......2024 Jacob Manu & Co Chartered Certified Accountants 64 Broadway, Stratford, London, E15

13

November 30, 2023

RESURRECTION POWER AND LIVING BREAD MINISTRIES INTERNATIONAL EAST LONDON

STATEMENT OF FINANCIAL ACTIVITY FOR THE PERIOD ENDED 30 November 2023

Descriptions by natural
category
Note
Unrestricted
funds
Restricted
income
funds
Total this
year
2023
£
£
£
2022
Incoming resources
3
Voluntary Income
46,569
-
46,569
42,747
-
-
-
Other Income
11,303
-
11,303
4,936
-
-
-
Special Donations
0
-
0
0
-
-
-
Total incoming resources
57,872
-
57,872
47,683
Resources expended
4
Cost of Activities
29,439
-
29,439
22,818
-
-
-
Governance Cost
1,200
-
1,200
1,200
-
-
-
Total resources expended
30,639
-
30,639
24,018
Net incoming/(outgoing) resources
before transfers
27,233
- 23,665
23,665
Gross transfers between funds
-
-
-
Net incoming/(outgoing) resources
before other recognised
gains/(losses)
27,233
-
27,233
23,665
Other recognised gains/(losses)
Net movement in funds
27,233
-
27,233
23,665
Total funds brought forward
1/12/20
104,982
104,982
81,317
Total funds carried forward
31/11/2023
132,515
132,215
104,982		 Descriptions by natural
category
Note
Unrestricted
funds
Restricted
income
funds
Total this
year
2023
£
£
£
2022
Incoming resources
3
Voluntary Income
46,569
-
46,569
42,747
-
-
-
Other Income
11,303
-
11,303
4,936
-
-
-
Special Donations
0
-
0
0
-
-
-
Total incoming resources
57,872
-
57,872
47,683
Resources expended
4
Cost of Activities
29,439
-
29,439
22,818
-
-
-
Governance Cost
1,200
-
1,200
1,200
-
-
-
Total resources expended
30,639
-
30,639
24,018
Net incoming/(outgoing) resources
before transfers
27,233
- 23,665
23,665
Gross transfers between funds
-
-
-
Net incoming/(outgoing) resources
before other recognised
gains/(losses)
27,233
-
27,233
23,665
Other recognised gains/(losses)
Net movement in funds
27,233
-
27,233
23,665
Total funds brought forward
1/12/20
104,982
104,982
81,317
Total funds carried forward
31/11/2023
132,515
132,215
104,982		 Descriptions by natural
category
Note
Unrestricted
funds
Restricted
income
funds
Total this
year
2023
£
£
£
2022
Incoming resources
3
Voluntary Income
46,569
-
46,569
42,747
-
-
-
Other Income
11,303
-
11,303
4,936
-
-
-
Special Donations
0
-
0
0
-
-
-
Total incoming resources
57,872
-
57,872
47,683
Resources expended
4
Cost of Activities
29,439
-
29,439
22,818
-
-
-
Governance Cost
1,200
-
1,200
1,200
-
-
-
Total resources expended
30,639
-
30,639
24,018
Net incoming/(outgoing) resources
before transfers
27,233
- 23,665
23,665
Gross transfers between funds
-
-
-
Net incoming/(outgoing) resources
before other recognised
gains/(losses)
27,233
-
27,233
23,665
Other recognised gains/(losses)
Net movement in funds
27,233
-
27,233
23,665
Total funds brought forward
1/12/20
104,982
104,982
81,317
Total funds carried forward
31/11/2023
132,515
132,215
104,982		 Descriptions by natural
category
Note
Unrestricted
funds
Restricted
income
funds
Total this
year
2023
£
£
£
2022
Incoming resources
3
Voluntary Income
46,569
-
46,569
42,747
-
-
-
Other Income
11,303
-
11,303
4,936
-
-
-
Special Donations
0
-
0
0
-
-
-
Total incoming resources
57,872
-
57,872
47,683
Resources expended
4
Cost of Activities
29,439
-
29,439
22,818
-
-
-
Governance Cost
1,200
-
1,200
1,200
-
-
-
Total resources expended
30,639
-
30,639
24,018
Net incoming/(outgoing) resources
before transfers
27,233
- 23,665
23,665
Gross transfers between funds
-
-
-
Net incoming/(outgoing) resources
before other recognised
gains/(losses)
27,233
-
27,233
23,665
Other recognised gains/(losses)
Net movement in funds
27,233
-
27,233
23,665
Total funds brought forward
1/12/20
104,982
104,982
81,317
Total funds carried forward
31/11/2023
132,515
132,215
104,982		 Descriptions by natural
category
Note
Unrestricted
funds
Restricted
income
funds
Total this
year
2023
£
£
£
2022
Incoming resources
3
Voluntary Income
46,569
-
46,569
42,747
-
-
-
Other Income
11,303
-
11,303
4,936
-
-
-
Special Donations
0
-
0
0
-
-
-
Total incoming resources
57,872
-
57,872
47,683
Resources expended
4
Cost of Activities
29,439
-
29,439
22,818
-
-
-
Governance Cost
1,200
-
1,200
1,200
-
-
-
Total resources expended
30,639
-
30,639
24,018
Net incoming/(outgoing) resources
before transfers
27,233
- 23,665
23,665
Gross transfers between funds
-
-
-
Net incoming/(outgoing) resources
before other recognised
gains/(losses)
27,233
-
27,233
23,665
Other recognised gains/(losses)
Net movement in funds
27,233
-
27,233
23,665
Total funds brought forward
1/12/20
104,982
104,982
81,317
Total funds carried forward
31/11/2023
132,515
132,215
104,982
46,569 - 46,569 42,747
- - -
11,303 - 11,303 4,936
- - -
0 - 0 0
-
-
-
57,872 -
57,872		 47,683
29,439 - 29,439 22,818
- - -
1,200 - 1,200 1,200
-
-
-
30,639 -
30,639		 24,018
27,233 - 23,665 23,665
- - -
27,233 - 27,233 23,665
27,233 - 27,233 23,665
_104,982 _ _104,982 _ 81,317
132,515 132,215 104,982

14

November 30, 2023

RESURRECTION POWER AND LIVING BREAD MINISTRIES INTERNATIONAL EAST LONDON

Balance Sheet as at 30/11/2023

Fixed assets

----- Start of picture text -----
2023 2022
£
£
Tangible assets 6
-
Investments -
Total fixed assets
Current assets
-
Stock and work in progress
Debtors
Cash at bank and in hand 143,141 110,162
Total current assets 143,141 110,162
Creditors: amounts falling due within one
year 10,626 5,180
Net current assets/(liabilities) 132,215 104,982
Total assets less current liabilities 132,215 104,982
Creditors: amounts falling due after one year -
-
Provisions for liabilities and charges
4
Net assets 132,215 104,982
Funds of the Charity 7
Unrestricted funds 132,215 104,982
----- End of picture text -----

15

November 30, 2023

RESURRECTION POWER AND LIVING BREAD MINISTRIES INTERNATIONAL EAST LONDON

Total unrestricted funds
Total funds		 132,215 _104,982 _
132,215 104,982

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 November 2023

Registered Charity Number 1188054

1 ACCOUNTING POLICIES

The principal accounting policies which have been adopted are set out below:-

2 BASIS OF ACCOUNTING

The financial statements have been prepared under the historical cost convention and in accordance with applicable accounting standards and the Statement of Recommended Practice, “Accounting and Reporting by Charities” (SORP 2005) issued in January 2005.

3 INCOMING RESOURCES

Voluntary income includes free offerings from members and gift aids. It is accounted for in cash.

4 RESOURCES EXPENDED

Expenditure is recognized when the liability is incurred.

16

November 30, 2023

RESURRECTION POWER AND LIVING BREAD MINISTRIES INTERNATIONAL EAST LONDON

NOTES TO THE ACCOUNTSFOR THE YEAR ENDED 30 November 2023

Registered Charity Number 1188054

5 TAXATION

The organization is a charitable institution with exemption from UK taxation under section 505 of the Income and Corporation Taxes Act 1988.

6 TANGIBLE NON-CURRENT ASSETS

The organization’s non-current assets include musical instruments, furniture and fittings and they are depreciated on straight line basis

7 FUND ACCOUNTING

Unrestricted funds are grants, donation and other incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds.

Restricted funds are funds that can only be used for specific purposes as laid down by the donor. Expenditure, which meets this criterion, is charged to the fund, together with a fair allocation of management and support costs.

Designated funds are funds set aside by trustees out of unrestricted general funds for specific future purpose, or relate to grants given specifically for the purchase of assets where the use is not restricted. The aim and use of each of the designated fund is set out in the notes to the financial statements.

17

November 30, 2023

RESURRECTION POWER AND LIVING BREAD MINISTRIES INTERNATIONAL EAST LONDON

CHARITABLE ACTIVITIES

CHARITABLE ACTIVITIES
Income
Donations
Other income
Rent/Hall Hire
Multimedia
Professional fees
Salary
Music
Refreshment
Insurance
Motor expenses
Mission
Administration/Stationery
TOTAL EXPENDITURE
INCOME OVER EXPENDITURE		 2023
2022
£
£
46,569
42,747
11,303
4,936
57,872
47,683
14,461
11,329
500
913
1,200
1,200
7,190
7,190
147
148
628
142
996
996
3,280
1,500
952
230
1,285
370
30,639
24,018
27,233
23,665

18

November RESURRECTION POWERAND LIVING BREAD MINISTRIESJNTERNA TJONAL EAST LONDON 30, 2023 19