Registered Charity No - 1189536
RESURRECTION POWER AND LIVING BREAD MINISTRIES INTERNATIONAL MANCHESTER BRANCH
Trustees’ Report and Accounts 31 December 2024
CONTENTS
| PAGE | |
|---|---|
| Legal and Administrative Details | 3 |
| Trustees' Report | 4 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Accounts | 9 |
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REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEESAND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees George Ababio Dapaah Davies Seth Pastor Yaw Owusu Nasafoah Charity registered Number 1189536 Date of charitable registration 18[th] May 2020 Principal office address 56 Birch Street Manchester M12 5NS Bankers Barclays Bank
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TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
The Board of Trustees, who are the trustees for charity law purposes, submit their annual report and the financial statements of Resurrection power and living bread ministries international Manchester branch for the year ended 31 December 2024. The Board of Trustees confirms that the annual report and financial statements of the Charity comply with current statutory requirements, the requirements of the Charity's governing document and the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities (revised 2005)'.
Structure, governance and management
The 3 Trustees are: George Ababio Dapaah Davies Seth Pastor Yaw Owusu Nasafoah
The Trustees play a primary role in ensuring good governance and functioning of the foundation. The Board’s role, functions and responsibilities are quite clearly defined. The Charity currently has a dedicated team of Advisory board members in the UK who have helped to secure financial support and contribute to the future planning of the organisation.
Governing document:
Resurrection power and living bread ministries international Manchester branch was registered as a charity on 18[th] May 2020
Recruitment and appointment of trustees:
The members of the General Trustee Board are trustees for the purposes of charity law. New trustees may be appointed by resolution of a meeting of the trustees. Much of the charity's work focuses upon the promotion of the Christian religion and the running and maintenance of its places of worship. The General Trustee Board seeks to ensure that the needs of this group are appropriately reflected through the diversity of the trustee body. To enhance the potential pool of trustees, the charity has, through selective advertising and networking with voluntary organizations active in the sector, sought to identify those who would be willing to become members of the charity and use their own experience to assist the charity.
Risk Management:
We are committed to a policy of identifying, monitoring and managing the risks that might adversely affect the activities in which we are involved. In this context, risk is defined as the potential to fail to achieve charity objectives and for loss, financial and reputational, inherent in the environment in which we operate in the nature of the transactions undertaken.
The principal risk of the charity has been its dependence on voluntary income. Trustees have initiated various processes to mitigate such risk, so that the charity has sufficient reserve in the event of adverse condition(s). The trustees have also examined other operational and business risks which they face and confirm that they have taken steps to mitigate the significant risks.
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TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
Public Benefit:
The Trustees have complied with the duty in Section 4 of the Charities Act 2006 and have paid due regard to public benefit when preparing this report. The benefit provided to the public is consistent with the aims of the charity in UK.
Objectives and activities:
To promote and advance Christian religion for the public benefit in accordance with Celestial doctrine, in London or in such parts of the United Kingdom or the world as the Trustees decide, in particular but not exclusively by the holding of prayer meetings and Christian worship services, providing or distributing information about the Christian faith, enlighten others and through pastoral care and support.
Financial review:
The largest contribution to the charity for the year came from general offerings. The charity has begun its charitable activities from April 2016.
The Charity currently aims to designate the total fund received less expenses for the main objective of the charity.
Plans for future periods:
The Charity plans to develop various fundraising strategy to include mass marketing. Besides mass marketing and events, the charity is aiming to achieve its targets through securing donations from willing individuals. A development board may be created to help include other avenues of fundraising to be included in the yearly programme.
Statement of Board of Trustees’ responsibilities
The Board of Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Charity law applicable to charities in England/Wales requires the Board of Trustees to prepare financial statements for each financial year which gives a true and fair view of the state of affairs of the Charity and of the surplus or deficit of the Charity for that period. In preparing those financial statements the Board of Trustees have:
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Selected suitable accounting policies and applied them consistently,
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Made judgments and estimates that are reasonable and prudent,
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Stated whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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Prepared the financial statements on a going concern basis (unless it is inappropriate to presume that the Charity will continue in operation).
The Board of Trustees has overall responsibility for ensuring that the Charity has an appropriate system of controls, financial and otherwise. They are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the detection and prevention of fraud and other irregularities.
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TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
The Board of Trustees is responsible for the maintenance and integrity of the corporate and financial information. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Statement of disclosure of information to independent examiner
We, as the Trustees of the Charity who held office at the date of approval of these financial statements as set out on page 3 each confirm, so far as we are aware, that:
- There is no relevant information of which the Charity's independent examiner are unaware; and we have taken all the steps that we ought to have taken as Trustees to make ourselves aware of any relevant information and to establish that the Charity's independent examiner is aware of that information.
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STATEMENT OF FINANCIAL ACTIVITIES (Incorporating Income and expenditure account) FOR THE YEAR ENDED 31 DECEMBER 2024
----- Start of picture text -----
Total
Unrestricted Restricted
2,024 2,024
2,024
£ £ £
Incoming resources
Offerings
12,819 - 12,819
Gift Aid
2,894 - 2,894
Total Incoming resources
15,714 - 15,714
Resources expended
Insurance
5,035 - 5,035
Rent
7,200 - 7,200
Governance Costs
540 - 540
Total Resources expended
12,775 - 12,775
Movement in total fund for the year- Net income /
(expenditure) For the year 2,939 - 2,939
Fund balance brought forward
26,090 - 26,090
Fund balance carried forward
30,846 - 30,846
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BALANCE SHEET AS AT 31 DECEMBER 2024 2024 FIXED ASSEts Fixed a55et CURRENT ASSETS Debtors Cash at bank 30.846 30.846 CREDifoRS.. amounts fèlling due within one year NET CURRENT ASSETS 30,846 NET ASSETS 30,846 CHARITY FUNDS Unrestricted funds 30.846 Re5trirted fund5 TOTAL FUNDS 30,846 The Financial stateTnents were approved by the TnESte¢% on and signed on their behalf. by-. 6 4r) Q-- h£A3g-/0 34-FtJ?%K PRINTNAME............................................................................ Datt:
NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024
1. ACCOUNTING POLICIES
1.1 Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), 'Accounting and Reporting by Charities' published in March 2005 and applicable accounting standards.
1.2 Fund accounting
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.
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 particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund are set out in the notes to the financial statements.
1.3 Incoming resources
All incoming resources are included in the Statement of financial activities when the Charity has entitlement to the funds, certainty of receipt and the amount can be measured with sufficient reliability.
Donated services or facilities, which comprise donated services, are included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognised where there is no financial cost borne by a third party.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
1.4 Resources expended
Expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities, they have been allocated on a basis consistent with the use of the resources.
Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the Charity and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the Charity and compliance with constitutional and statutory requirements.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions
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