2024-09-30-accounts - Rhema Resource Centre International

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Charity no 1196122

Rhema Resource Centre International

Annual Accounts

1 Oct 2023 - 30 Sep 2024

Prepared by DTT Consultancy Ltd

Rhema Resource Centre International

REFERENCES AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTESS AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2024

Trustees	Dr. Regine Madeleine Mfoumou - Chair
	Rebecca Osei
	Kyra Hines
Minister In Charge	Dr. Regine Madeleine Mfoumou
Charity registration no	1196122
Principal office	85, Great Portland street
	London
	W1W 7LT
Independent Examiner	Tunji Ogedengbe
	36 Daffodil Close
	Hatfield
	AL10 9FF

Rhema Resource Centre International Report of the Trustees for the year ended 30th Sep 2024

FINANCIAL REVIEW

Reserves policy

The net deficit resources for the year amounted to £2,279. All these have been unrestricted reserves and no fund is allocated to restricted project. The trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets, the free reserves, held by the church should be 3 months of annual expenditure. At this level, the trustees feel that it would be able to continue the current activities of the church in the event of significant drop in funding.

Principal funding sources

This is provided mainly through voluntary tithes and offerings by the church members and through gift aid scheme. Pledges are also taken for specific projects.

FUTURE DEVELOPMENTS

The church will continue to explore various ways of spreading the gospel of Christ in an affective manner. The charity is also looking to grow in membership and continue to develop its members to make life - changing impact in society, plant more parishes and due to the increase in the number of members, our future plan is to accommodate those members and likely additional.

ON BEHALF OF THE BOARD:

Date: 13th May 2025

Dr. Regine Madeleine Mfoumou - Chair

Page 1

Rhema Resource Centre International

INDEPENDENT EXAMINNERS REPORT FOR THE PERIOD Octobr 2023 to September 2024

I report on the financial statements of Rhema Resource Centre International for the year ended 30 September 2024 which comprise the statement of financial activities, the balance sheet, and the related notes. These financial statements have been prepared under the historical cost convention and the accounting policies set

Respective responsibilities of trustees and independent examiner

As the charity's trustees you are responsible for the preparation of the accounts, you consider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act),as amended by s.28 of the Charities Act 2006 does not apply. It is my responsibility to examine accounts under section 43 of the Act, as amended, to follow procedures specified in the General Directions given by the Charity Commissioners under section 43(7)(b) of the Act, as amended, 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 Charities Commissioners. 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

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

(i) which gives me reasonable cause to believe that in any material respect the requirements:
to keep accounting records in accordance with section 41 of the Act; and
to prepare accounts which accord with the accounting records and to comply with the accounting of the Act have not been met; or
(ii) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Tunji Ogedengbe 36 Daffodil Close Hatfield AL10 9FF

13th May 2025

	Rhema Resource Centre International	Rhema Resource Centre International	Rhema Resource Centre International	Rhema Resource Centre International	Rhema Resource Centre International	1196122
	Annualaccountsforthe period
	Period start date	1st Oct 2023	To	Period end date	30th Sept 2024

Section A	Statement of financial activities
Recommended categories by activity Details of own analysis Note Incoming resources (Note 3) g generated funds Voluntary income S01 Activities for generating funds S02 Investment income S03 Gift Aid S04 Other incoming resources S05 S06 Resources expended (Notes 4-8) Costs of Generating Funds Costs of generating voluntary income S07 Fundraising trading costs S08 Investment management costs S09 Charitable activities S10 Governance costs S11 Other resources expended S12 S13 S14 S15 S16 S17 S18 S19 S20 S21 *Total funds carried forward* Total funds brought forward *Net movement in funds* *Net incoming/(outgoing) resources before* *transfers* Gains and losses on revaluation of fixed assets for the charity’s own use Other recognised gains/(losses) *Net incoming/(outgoing) resources before* *other recognised gains/(losses)* Gross transfers between funds Prior Year Adjustment *Total resources expended* *Total incoming resources*		Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ F01 F02 F03 F04 F05
		-	-	-	-	-
		35,281	-	-	35,281	63,349
		-	-	-	-	-
		-	-	-	-	-
		9,366	-	-	9,366	14,670
		5,143	-	-	5,143	5,737
		49,790	-	-	49,790	83,756

		32,193	-	-	32,193	45,970
			-	-	-	-
			-	-	-	-
			-	-	-	-
		19,876	-	-	19,876	35,110
		-	-	-	-	-
		-	-	-	-	-
		52,069	-	-	52,069	81,080
		2,279 -	-	-	2,279 -	2,676
		-	-	-	-	-
		2,279 -	-	-	2,279 -	2,676

		-	-	-	-	-
			-	-	-	-
		2,279 -	-	-	2,279 -	2,676
		13,806	-	-	13,806	11,130
		11,527	-	-	11,527	13,806

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Rhema Resource Centre International

Section B Balance sheet as at 30th Sept 2024

Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-

-	-	-	-	-
11,500	-	-	11,500	11,500
	-	-	-	-
427	-	-	427	2,706
11,927	-	-	11,927	14,206

400	-	-	400	400

11,527	-	-	11,527	13,806

11,527	-	-	11,527	13,806

	-	-	-	-
-	-	-	-	-

11,527	-	-	11,527	13,806

11,527			11,527	13,806
			-	-
	-		-	-
		-	-	-

11,527	-	-	11,527	13,806

Date of ~~approval~~ Print Name Signature
		Dr. Regine Madeleine Mfoumou		13-May-25

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Rhema Resource Centre International

Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared on the basis of historic cost (except that investments are shown at market

Accounting and Reporting by Charities – Statement of Recommended Practice (SORP 2005);

• and with*  Accounting Standards; or Financial Reporting Standards for Smaller Enterprises (FRSSE); • and with the Charities Act 1993.

[** except for the following].

Give details in this box if a different standard has been followed.

-Tick as appropriate:

 if all relevant disclosures shown in the pack have been given then please tick “Accounting Standards”;

 if disclosures completed in these accounts have been restricted to those required by the FRSSE, then please tick “Fi** - If no departures from the chosen standards have been made then delete these words; otherwise give details of any i l R ti St d d f S ll E t i (FRSSE)” changes in the boxes.

1.2 Change in basis of accounting

There has been no change to the accounting policies (valuation rules and methods of accounting) since last year .

1.3 Changes to previous accounts

No changes have been made to accounts for previous years

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Rhema Resource Centre International

Section C Notes to the accounts (cont)

Note 2 Accounting policies

This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or additional policy has been adopted then this is detailed in the box below.

INCOMING

These are included in the Statement of Financial Activities (SoFA) when: Grants and donations are only included in the SoFA when the charity has unconditional Grants and donations entitlement to the resources. Tax reclaims on donations Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to and gifts which they relate. Contractual income and This is only included in the SoFA once the related goods or services have been delivered. performance related grants Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the Gifts in kind amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SoFA as incoming resources when receivable. Donated services and These are only included in incoming resources (with an equivalent amount in resources facilities expended) where the benefit to the charity is reasonably quantifiable, measurable and material . The value placed on these resources is the estimated value to the charity of the service or facility received. The value of any voluntary help received is not included in the accounts but is described in the Volunteer help trustees’ annual report. Investment income This is included in the accounts when receivable. Investment gains and losses This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. EXPENDITURE AND LIABILITIES

Liability recognition	Liabilities are recognised as soon as there is a legal or constructive obligation committing the
	charity to pay out resources.
Governance costs	Include costs of the preparation and examination of statutory accounts, the costs of trustee
	meetings and cost of any legal advice to trustees on governance or constitutional matters.
Grants with performance	Where the charity gives a grant with conditions for its payment being a specific level of service
conditions	or output to be provided, such grants are only recognised in the SoFA once the recipient of the
	grant has provided the specified service or output.
Grants payable without	These are only recognised in the accounts when a commitment has been made and there are
performance conditions	no conditions to be met relating to the grant which remain in the control of the charity.
Support Costs	Support costs include central functions and have been allocated to activity cost categories on a
	basis consistent with the use of resources, eg allocating property costs by floor areas, or per
	capita, staff costs by the time spent and other costs by their usage.
ASSETS
Tangible fixed assets for use	These are capitalised if they can be used for more than one year, and cost at least £500. They
by charity	are valued at cost or a reasonable value on receipt.
Investments	Investments quoted on a recognised stock exchange are valued at market value at the year
	end. Other investment assets are included at trustees' best estimate of market value.
Stocks and work in progress	These are valued at the lower of cost or market value.

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Rhema Resource Centre International

Section C Notes to the accounts (cont)

Note 3 Analysis of incoming resources

Incoming resources may be further analysed if this would help the reader of the accounts.

Analysis	This year Last year £ £	This year Last year £ £
Contribution byMembers	35,281	63,349
Gift Aid	9,366	14,670
HMRC VAT	5,143	5,737
Total	49,790	83,756

	-	-
	-	-
	-	-
	-	-
	-	-
Total	-	-

	-	-
	-	-
	-	-
	-	-
	-	-
Total	-	-

	-	-
	-	-
	-	-
	-	-
	-	-
Total	-	-

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Rhema Resource Centre International

Section C Notes to the accounts (cont)

Note 4 Analysis of resources expended

Resources expended may be further analysed if this would help the reader of the accounts.

Investment management costs Fundraising trading costs	Analysis This year Last year £ £	Analysis This year Last year £ £	Analysis This year Last year £ £
	Rent	10,876	23,096
	Multimedia	713	728
	Honorarium	852	-
	Professional Fee	581	63
	Stationeryandprinting	1,347	604
	Software	-	395
	Travel	6,999	7,226
	Conference	401	4,305
	Hospitality	2,784	3,286
	Utlity	-	101
	Website	221	390
	Training	-	74
	Building	-	42
	Motor van	247	254
	Office expenses	643	216
	Church Equipment	466	470
	Music	604	21
	Bank charges	117	129
	Marketing	97	-
	Storage	2,302	2,085
	Outreach	660	200
	Cleaning	-	102
	Mission	800	380
	Telephone	1,084	1,403
	Independent Examination Fees	400	400
	Total	32,193	45,970

		-	-
		-	-
		-	-
		-	-
		-	-
	Total	-	-

		-	-
		-	-
		-	-
	Total	-	-

Charitable activities	Evangelisam	395	-
	Dontions & gifts	-	1,327
	Wolverhampton	840	2,316
	Mission -Cameroon	9,011	16,045
	Mission - Haiti	9,630	15,421
Governance costs	Total	19,876	35,110

		-	-
		-	-
		-	-
	Total	-	-

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Rhema Resource Centre International

Section C Notes to the accounts (cont)

Note 5 Support Costs

Please complete this note if the charity has analysed its expenses using activity categories and has support costs.

*support costs.*
Support cost type	Fundraising activity £	Charitable Activity £	Governance Activity £	Total Cost £
	-	-	-	-
	-	-	-	-
	-	-	-	-
Total	-	-	-	-
This year Last year £ £ Note 6 Details of certain items of expenditure 6.1 Trustee expenses *Please provide details of the amount of any payment or reimbursement of out-of-pocket expenses made* *to trustees or to third parties for expenses incurred by trustees. If no expenses were paid,* *please enter ‘None’ in the appropriate box(es).* Number of trustees who were paid expenses Nature of the expenses Total amount paid
			This year	Last year


			£	£

6.2 Fees for examination or audit of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner or auditor. If nothing was paid please enter NONE in the appropriate box(es).

Other fees (for example: advice, consultancy, accountancy services) paid to the independent examiner or auditor Independent examiner’s or auditors' fees for reporting on the accounts	This year £	Last year £
	400	400

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Rhema Resource Centre International

Section C Notes to the accounts (cont)

Note 11 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

Amounts falling due within oneyear	Amounts falling due within oneyear	Amounts falling due after more than oneyear	Amounts falling due after more than oneyear
This year £	Last year £	This year £	Last year £
	-	-	-
-	-	-	-
11,500	11,500	-	-
-	-	-	-
11,500	11,500	-	-

Note 12 Creditors and accruals

Please complete this note if the charity has any creditors or accruals.

12.1 Analysis of creditors

~~Amounts falling due~~ ~~within one year~~	~~Amounts falling due~~ ~~within one year~~	~~Amounts falling due after~~ ~~more than one year~~	~~Amounts falling due after~~ ~~more than one year~~
This year £	Last year £	This year £	Last year £
	-	-	-
	-	-	-
-	-	-	-
400	400	-	-
	-	-	-
400	400	-	-

Page 10