## **AWAKENING CENTRE - KENT**
## **COMMISSIONER'S OFFICE**
**COMMISSIONERS ROAD STROOD ROCHESTER ME2 4EB**
## **CHARITY NUMBER 1195714**
**FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2024**
**AJN & CO LTD CHARTERED CERTIFIED ACCOUNTANTS & BUSINESS ADVISORS 2 SILVER STREAK WAY STROOD ROCHESTER ME2 2GY**
## **AWAKENING CENTRE - KENT**
|**TRUSTEES:**|Dr. Taiwo Ajayi|
|---|---|
||Mr Isaac Aboagye Frempong|
||Miss Elezabeth Andah Sam|
||Rev. Joseph Allen Opoku-Agyemang|
|**SECRETARY:**|Miss Elizabeth Andah Sam|
|**CHARITY NUMBER:**|1195714|
|**BANKERS:**|Lloyds Bank PLC|
||25 Gresham Street|
||London EC2V 7HN|
|**ACCOUNTANTS:**|AJN & CO LTD|
||Chartered Certified Accountants & Business Advisors|
||2 Silver Streak Way|
||Strood|
||Rochester ME2 2GY|
|**CONTENT:**|1. Trustees' Report|
||2. Accountant's Report|
||3. Statement of Financial Activities|
||4. Balance Sheet|
||5. Notes to the Accounts|
## **AWAKENING CENTRE - KENT**
## **TRUSTEES REPORT**
The Trustees have pleasure in submitting their report, and accounts for the year ended 31st July 2024. The financial statements have been prepared in accordance with the accounting policies set out on page 5, and comply with the Statement of Recommended Practice and applicable law.
**Constitution, objective of the charity, principal activities and organisation of our work**
The charity is constituted under a trust deed dated 20th July 2021 and is a registered charity number 1195714.
The objectives of the charity as set out in the Declaration of Trust are:
(a) The advancement of the Christian faith and
(b) The relief of persons who are in conditions of hardship or distress or who are aged or sick.
(c) Such other exclusively charitable purposes as the trustees may see fit.
The church was involved in Christian outreach programmes designed to increase Christian awareness and spread the Gospel of our Lord Jesus Christ.
## **Public benefits, development, activities and achievements in the year**
When planning our activities in the year, the trustees considered the Charities Commission's guidance on public benefit, and in particular the specific guidance on charities for the advancement of religion. We helped ordinary people in the community to live out their faith through worship and prayer; learning about the Gospel; and developing their knowledge and trust in Jesus Christ.
Our church activities were carried out in the church premises due to the lifting of Covid-19 restrictions. We continue to stream our church activities live on Zoom to enable those who are not able to come physically to the church premises to join in. We had a successful Christmas services and Easter Conventions within the year.
The church embarked on food redistribution with FairShare UK to the low income families and homeless in the community. We bought equipment for the game centre to be used by the youth in the community.
We also donated Christmas gifts and hampers to Aid UK at Day Centre in the community.
## **Review of the financial position**
The net incoming resources for the year amounted to a surplus of £5,554 (2023 deficit of £2,941) all of which were attributable to the general reserves.
## **Board of Trustees**
The members of the board of trustees during the year were;
Dr. Taiwo Ajayi Mr Isaac Aboagye Frempong Miss Elizabeth Andah Sam Rev. Joseph Allen Opoku-Agyemang
## **Approval**
This report was approved by the board of trustees and signed on its behalf by:
Rev. Joseph Allen Opoku-Agyemang
Dated
1
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF AWAKENING CENTRE - KENT**
I report on the Financial Statements of the charity for the year ended 31st July 2024 which are set out below:
## **RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINERS**
The charity's trustees are responsible for the preparation of the accounts. The charity's 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.
It is my responsibility to :
- examine the accounts under section 145 of the 2011 Act,
- follow the procedures laid down in the general Directions given by the Charity Commission
- [ under section 145(5)(b) ] of the 2011 Act, and
- state whether particular matters have come to my attention.
## **BASIS OF INDEPENDENT EXAMINER'S STATEMENT**
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 Trust 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 the trustees concerning any such matter.
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 130 of the 2011 Act; and * to prepare accounts which accord with the accounting records and comply accounting requirements of the 2011 Act 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.
**Isaac Addai FCCA, FFA, FIPA, MBA(Finance), BA(Hons)** Dated **AJN & CO LTD CHARTERED CERTIFIED ACCOUNTANTS & BUSINESS ADVISORS 2 SILVER STREAK WAY STROOD ROCHESTER ME2 2GY**
**2**
## **AWAKENING CENTRE - KENT STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST JULY 2024**
|**Notes**
**Incoming Resources**
**Incoming resources from generated funds**
Voluntary income
1.3
HMRC Gift Aid
2
**Total Incoming Resources**
**Resources Expended**
Charitable Activities
**4**
Governance costs
**5**
**Total resources expended**
**Net movement in funds**
**Reconciliation of funds**
**Total funds brought forward**
**Total funds carried forward**|**2024**
**£**
35,828
7,207
43,035
36,681
800
37,481
5,554
2,546
**8,100**
**Unrestricted**|**2023**
**£**
29,734
15,380|
|---|---|---|
|||45,115|
|||47,256
800|
|||48,056|
|||(2,941)
5,486|
|||**2,546**|
There were no recognised gains or losses for the period other than those included in the Statement of Financial Activities.
The notes on pages 5 to 8 form part of these accounts.
3
## **AWAKENING CENTRE - KENT BALANCE SHEET AS AT 31ST JULY 2024**
|**FIXED ASSETS**
Motor Vehicle
Equipment
**CURRENT ASSETS**
Other debtors
Cash at bank and in hand
**LESS CREDITORS:**
**Amounts falling due within one year**
**NET CURRENT ASSETS / LIABILITIES**
**TOTAL ASSETS LESS CURRENTS LIABILITIES**
**LESS CREDITORS:**
**Amounts falling due after one year**
**NET ASSETS / LIABILITIES**
**MEMBERS ACCUMULATED FUNDS**
Unrestricted Funds|**Notes**
**3**
**3**
**5b**
**7**
**8**
**10**|**2024**
**£**
8,400
7,243
15,643
7,207
1,050
8,256
(8,626)
(370)
15,273
(7,173)
**8,100**
8,100
**8,100**|**2023**
**£**
-
6,448
-
-
9,826|
|---|---|---|---|
||||9,826
(5,278)|
||||4,548|
||||10,997|
||||(8,451)|
||||**2,546**|
||||2,546|
||||**2,546**|
Approved by the Board of Trustees and signed on its behalf by
Trustee Dated
**4**
## **AWAKENING CENTRE - KENT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2024**
## 1. **Accounting Policies**
## 1.1 **Basis of preparation of accounts**
The accounts are prepared under the historical cost convention and include the results of the charity's operations which are described in the Trustees' Report and all of which are continuing.
The accounts have been prepared in accordance with the Statement of Recommended Practice forCharity Accounts.
The Charity has taken advantage of the exemption in Financial Reporting Standard No. 1 from the requirement to produce a cashflow statement on the grounds that it qualifies as a small charity.
## **1.2 Tangible Fixed Assets for use by the Charity and Depreciation.**
Tangible fixed assets for use by the Charity are stated at cost less depreciation.
Depreciation is provided at rates calculated to write off the cost or valuation of fixed assests, less their estimated residual value, over their expected useful lives on the following basis;
25% per annum. Motor vehicle 20% per annum
## **1.3 Incoming Resources**
Income from Tithes and Offerings, Grants and Other Income are included in incoming resources when they are receivable.
## **1.4 Value Added Tax**
Value Added Tax is not recoverable by the Charity, and as such is included in the relevant costs in the Statement of Financial Activities.
## **2 Tax reclaims on donations and gifts**
Gift aid receivable is included in income when there is valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
## **3. Investment Income**
Investment income consists of net interest received during the period.
5
## **AWAKENING CENTRE - KENT**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2024**
|**3.Tangible Fixed Assets**
**Cost as at 1st August 2023**
Additions during the year
At 31st July 2024
**Depreciation as at 1st August 2023**
Charge for the year
At 31st July 2024
**Net Book Value at 31 July 2024**
**Net Book Value at 31st July 2023**||**Motor**
**Vehicle**
£
-
10,500|**Equipmt,**
**Fixtures**
**Total**
**& Fittings**
**2024**
£
£
10,058
10,058
3,210
3,210|
|---|---|---|---|
|||||
|||10,500|13,268
13,268|
|||-
2,100|3,610
3,610
2,414
2,414|
|||2,100|6,024
6,024|
|||8,400
-|**7,243**
**7,243**
**6,448**
**6,448**|
|**4. Charitable Activities**
Rent & rates
Telephone & internet
Evangelism & mission
Light & heat
Honorarium
Donation to charities
Welfare and love gifts
Printing, Postage and Stationery
Volunteers expenses
Health & safety
Food & refreshment
Repairs & renewals
Travels & motor expenses
Depreciation
Meeting cost (Zoom)
Website cost
Insurance
Bank charges
Professional fees
Media expenses|**2024**
**2023**
**£**
**£**
19,672
24,752
473
776
1,476
3,403
1,036
4,651
1,150
1,286
100
400
840
300
573
1,749
201
651
177
177
1,491
1,330
436
334
983
-
4,514
2,150
144
144
-
724
1,815
400
1,016
792
-
1,957
583
1,280
36,681
47,256
**Total**
**Unrestricted Funds**|**2024**
**2023**
**£**
**£**
19,672
24,752
473
776
1,476
3,403
1,036
4,651
1,150
1,286
100
400
840
300
573
1,749
201
651
177
177
1,491
1,330
436
334
983
-
4,514
2,150
144
144
-
724
1,815
400
1,016
792
-
1,957
583
1,280
36,681
47,256
**Total**
**Unrestricted Funds**|
|---|---|---|
|||47,256|
6
## **AWAKENING CENTRE - KENT**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2024**
|**5. Governance Costs**
Accountancy fee
**5b. Other Debtors**
HMRC Gift Aid|**2024**
£
800
800
**2024**
£
7,207
7,207|**2023**
£
800|
|---|---|---|
|||800|
|||**2023**
£
-|
|||-|
## **6. Trustee Remuneration**
No trustee has received remuneration in the year. No trustee has had expenses reimbursed in the year.
There were no staff costs and emoluments and thus no employee whose emoluments exceeded £60,000
|**7.** **Creditors: Amount falling due within one year**
Bank loans
Other creditors
Accruals
**8.** **Creditors: Amount falling due after one year**
Bank loans
**9.** **Net Movement in Funds for the Period**
The net movement in funds for the period is stated after charging:
Depreciation of tangible fixed assets - for use by the charity
Accountancy Fee
**10.Analysis of Net Assets between funds**
Unrestricted Funds:|**Equipment**
**Fixtures**
**& Fittings**
£
**15,643**|**2024**
£
7,826
-
800
8,626
**2024**
£
7,173
7,173
**2024**
£
4,514
800
**Net Current**
**Assets less**
**Liabilities**
**2024**
£
£
**(7,543)**
**8,100**
**Total**|**2023**
£
4,316
162
800|
|---|---|---|---|
||||5,278|
||||**2023**
£
8,451|
||||8,451|
||||**2023**
£
2,150
800
**2023**
£
**2,546**|
|||||
**7**