The Rock Church UK Ltd
(A company limited by guarantee)
REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Company number: 13254594 Charity number: 1194242
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The Rock Church UK Ltd
Contents
| Page | |
|---|---|
| Charity Information | 3 |
| Directors' and Trustees' Report | 4 to 6 |
| Report of the Independent Examiner | 7 |
| Statement of Financial Activities | 8 |
| Balance sheet | 9 |
| Notes to the Financial Statements | 10 to 11 |
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The Rock Church UK Ltd
Charity Information
Board of Trustees Samuel Duerden Samantha Mcvey Ibukun Olaijide Andrew Wood Sharon-Ann Wood Company number: 13254594 Charity number: 1194242 Registered Office: 8 Barns Dene Harpenden AL5 2HQ Independent Examiner: Misbahul Karim FCCA MMK Chartered Certified Accountants 37[th] Floor, One Canada Square Canary Wharf London E14 5AA Bank: Starling
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The Rock Church UK Ltd
TRUSTEES' ANNUAL REPORT
For the year ended 31 March 2022
The directors, who are the Trustees of the charitable company for the purposes of charity law, present their annual report and financial statements of The Rock Church UK Ltd for the year ended 31 March 2022. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charitable company's governing document, the Companies Act 2006, and charities regulations. Accounting and Reporting by Charities: Statement of Recommended Practice (SORP 2015), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published on 16 July 2014 (FRS102).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Rock Church UK Ltd is a company limited by guarantee, registered with Companies House 9 March 2021 and registered as a charity with the Charity Commission in England and Wales on 27 April 2021.
The governance of the charity is the responsibility of the Trustees.
Recruitment and Appointment of Trustees
When it is necessary to appoint new Trustees, due to either a Trustee stepping down or a gap of expertise in the Board is identified, recruitment will initially begin through the networks of the Board and management team. Applicants will be reviewed by the Trustees and successful applicants will be invited to attend a Trustee meeting. Following this, on the provision that the Board are satisfied and the applicant still wishes to join the Trustee Board, they will be appointed.
No other person or external body is entitled to appoint any Trustees of the charity.
Induction and training of Trustees
The charity provides new Trustees with an induction pack and mentoring from existing Trustees. New Trustees are also strongly encouraged to meet with current Board members over the initial few months in order to gain a full and unbiased understanding of the charity.
Trustees
The directors of the company are its Trustees for the purpose of the Charity Law and are referred to collectively as Trustees in this report.
The Trustees serving during the year and since the year-end were as follows:
Samuel Duerden Samantha Mcvey Ibukun Olajide Andrew Wood Sharon-Ann Wood
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Related party relationships
Samantha Mcvey is a Trustee and a lead pastor for the church, for which she received a salary £47,000 and related manse costs.
Risk management
The Trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks.
Purposes and aims
The advancement of the Christian faith and the promotion of Christian initiatives throughout the community, the UK and elsewhere including but not limited to the organisation and co-ordination of prayer meetings, evangelist meetings and other events in local churches and throughout the area.
Principal activities of the charity
The charity is a weekly Sunday Service.
ACHIEVEMENTS AND PERFORMANCE: REVIEW OF ACTIVITIES FOR THE YEAR
Public benefit
The Trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives that have been set.
Review of activities during the year
We have successfully launched weekly Sunday services which include worship, preaching, teaching, prayer and fellowship. Alongside these services we host a Christian children’s programme for ages 3- 11years and a parent toddler room for babies up to 3 years old.
Future Plans
We are planning to provide a weekly youth event for all our young people aged 11-18 years. We also plan to initiate work in the community with the isolated elderly and the homeless. We will be considering the possibility of running a regular Alpha course which seeks to introduce the basics of the Christian faith through a series of talks and discussions. We would also like to launch small groups that will take place mid-week and provide ongoing support to the congregation.
FINANCIAL REVIEW
Total income for the year amounted to £218,583 and total expenditure amounted to £94,850.
The Charity incurred a net profit for the year of £123,733. Details of charity’s financial results are shown in the Statement of Financial Activities on page 8.
Going Concern
The Trustees have considered the Charity's reserves and projected income and expenditure, and have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.
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Reserves Policy
Charity Commission consider it prudent that unrestricted reserves should be sufficient to cover three months running costs. The Trustees are confident that future income will enable the charity to meet its foreseeable needs based on planned activity.
STATEMENT OF TRUSTEES RESPONSIBILITIES
Company and Charity Law requires the Trustees to prepare financial statements that give true and fair view of the state of affairs of the charity at the end of the financial year and of its surplus or deficit for the financial year. In doing so the trustees are required to:
-
Select suitable accounting policies and then apply them consistently
-
Make judgments and estimates that are reasonable and prudent
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State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements
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Follow the methods and principles of the Charity SORP; and
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Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the group will continue in business.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements.
PREPARATION OF THE REPORT
In preparing this report, the Board of Trustees have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.
This report was approved by the Board of Trustees on …………………………… and signed on their behalf by:
……………………………………………
Sharon-Ann Wood (Trustee)
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
The Rock Church UK Ltd
For the year ended 31 March 2022
I report on the accounts of the company for the period ended 31 March 2022, which are set out on pages 8 to 11
Respective responsibilities of Trustees and examiner
The Trustees (who are also the directors of the company for the purpose of company law) are responsible for the preparation of the accounts. The Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011(the 2011 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
• examine the accounts under section 145 of the 2011 Act;
• to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- to state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. 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’ and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with section 386 of the Companies Act 2006; and to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Misbahul Karim FCCA
MMK Chartered Certified Accountants
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STATEMENT OF FINANCIAL ACTIVITIES
For the year ended 31 March 2022
| Notes Incoming Resources Donation and legacies 2 Total Incoming Resources Resources Expended Charitable activities 3 Governance cost 4 Total Resources Expended Net Income for the year Reconciliation of Funds: Total funds, brought forward Total funds, carried forward |
Unrestricted Funds £ 218,583 |
Restricted Funds £ - |
2022 | |
|---|---|---|---|---|
| £ 218,583 |
||||
| 218,583 | - | 218,583 | ||
| (93,770) (1,080) |
- - - - - - |
(93,770) (1,080) |
||
| (94,850) | (94,850) | |||
| 123,733 - 123,733 |
123,733 - |
|||
| 123,733 |
CONTINUING OPERATIONS
None of the Charity's activities were acquired or discontinued during the above financial period.
TOTAL RECOGNISED GAINS AND LOSSES
The Charity has no recognised gains or losses for the above financial period.
The notes on pages 10 to 11 form part of these accounts.
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The Rock Church UK Ltd
Balance Sheet As At 31 March 2022
| Notes Current Assets Cash at Bank and in hand Creditors Amounts falling due within one year 5 Net Current Assets Total Funds of the Charity Restricted funds Unrestricted funds |
£ 124,813 |
2022 |
|---|---|---|
| £ 123,733 |
||
| 124,813 (1,080) |
||
| 123,733 | ||
| - 123,733 |
||
| 123,733 |
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The financial statements were approved and authorised for issue on ………………. and signed on their behalf by:
…………………………………………… Sharon-Ann Wood (Trustee)
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The Rock Church UK Ltd
NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2022
1. ACCOUNTING POLICIES
Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following SORP 2015 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 (SORP 2005) which has since been withdrawn.
Public benefit entity
The charitable company meets the definition of a public benefit entity under FRS 102.
Going concern
The Trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Key judgements that the charity has made which have a significant effect on the accounts include estimating income and expenditure for the next 12 months.
Income
Income is recognised when the charity has entitlement to the funds: this is when any performance conditions attached to the income have been met, it is probable that the income will be received, and that the amount can be measured reliably.
Income is only deferred when: The donor specifies that the grant or donation must only be used in future accounting periods; or for performance related grants, where these are received in advance of the performances or specific event to which they relate.
Expenditure and irrecoverable VAT
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is considered all to relate to Charitable activities and includes the costs of delivering services undertaken to further the purposes of the charity and their associated support costs.
Fund accounting
Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund. Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes. Designated funds are unrestricted funds earmarked by the trustees for particular purposes.
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2. Donations and legacies
| Unrestricted £ Private donations 199,274 HMRC Gift Aid 19,309 218,583 3. Cost of Charitable activities Unrestricted £ Staff costs 52,714 Advertising costs 1,673 Equipment costs 12,225 Insurance 536 Rent 7,715 Software 1,135 Stationery and printing 940 Subscriptions 2,143 Telephone 150 Admin costs 3,663 Pastoral costs 2,841 Other legal and professional fees 446 Sundry expenses 736 Training and events 502 Travel expenses 781 Operations costs 3,295 Hospitality costs 2,275 93,770 4. Governance Cost Independent Examiner's fee 5.Creditors: Amounts Falling Due Within One Year Accruals |
Restricted £ - - - Restricted £ - - - - - - - - - - - - - - - - - |
2022 | ||
|---|---|---|---|---|
| £ 199,274 19,309 218,583 2022 |
||||
| £ 52,714 1,673 12,225 536 7,715 1,135 940 2,143 150 3,663 2,841 446 736 502 781 3,295 2,275 93,770 |
||||
| 2022 | ||||
| £ 1,080 |
||||
| 1,080 | ||||
| 2022 | ||||
| £ 1,080 |
||||
| 1,080 |
6. TRUSTEES' REMUNERATION AND EXPENSES
Samantha Mcvey is a Trustee and a lead pastor for the church, for which she received a salary £47,000 and related manse costs.
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