2022-08-31-accounts - New Hope Revival Church

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REGISTERED CHARITY NUMBER: 11979633

NEW HOPE REVIVAL CHURCH

REPORT AND FINANCIAL STATEMENT FOR THE (UNAUDITED)

YEAR ENDED 31[ST] AUGUST 2022

J & T LEXINGTON SERVICES LIMITED 8 HOLME CLOSE, REDHILL GRANGE WELLINGBOROUGH NN9 5YF

NEW HOPE REVIVAL CHURCH

	Page
CONTENTS	2
Charity information	3
Trustees’ report	4
Independent Examiner’s report	5
Income and Expenditure Account	6
Balance Sheet	7
Notes to the Accounts	8 – 11

NEW HOPE REVIVAL CHURCH

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number

1197963

Registered office

85 BUGSBY'S WAY GREENWICH LONDON SE10 0GD

Contact Person Pastor Antony G King

Trustees

Antony Gathiru King Evelyn Ochieng Cecilia Muthoni Njoroge Raphael Kaudo

Accountants

J & T Lexington Services Limited 8 Holme close Redhill Grange Wellingborough NN9 5YF

NEW HOPE REVIVAL CHURCH

Trustees’ Report

The Trustees have pleasure in submitting their report, and accounts for the year ended 31[st] August 2022. The financial statements have been prepared in accordance with the accounting policies set out on page 7, and comply with the statement of recommended practice.

Constitution, objective of the charity, principal activity and organisation of our work

The charity is constituted under a trust deed dated 17[th] February 2022 with UK registered charity no. 1197963.

The objectives of the charity as set out in the Declaration of trust are:

The advancement of Christian faith.
The relief of poverty

The ministry was involved in Christian outreach programmes designed to increase Christian awareness and spread the gospel of our Lord Jesus Christ.

Development activities and achievement in the year

The trustees are pleased to report that the Church continued to be successful spiritually by ministering to many people.

Our Outreach Ministry is currently involved in:

Working with and supporting those in need by donating to local food banks.
Working in partnership with a rehabilitation centre based in Kenya that supports young boys to come out of drug addiction
Working with a local church based in Liberia to set up a dispensary to aid the local community access healthcare.

Many Christian and non-Christians attended our services and many re-dedicated their lives to our Lord and Saviour, Jesus Christ.

Review of the financial position

The charity made a Surplus for the year amounting to £ 21,941.

Approval

The report was approved by the board of trustees on ………….. 2023 and signed on their behalf by:

Rev. Anthony G King ________

NEW HOPE REVIVAL CHURCH

Independent Examiner’s Report

To the Trustees of NEW HOPE REVIVAL CHURCH

I report on the accounts of the church for the year ended 31[st] August 2022 set out on pages six to eleven

Respective responsibilities of trustees and examiner

The trustees of the charity are responsible for the preparation of the accounts. The charity’s trustee 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 required.

Having satisfied myself that the charity is not subject to audit and is eligible for independent examination, it is my responsibility to:

1) Examine the accounts under section 145 of the 2011 Act.
2) Follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act) and
3) 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 statements below.

Independent examiner’s statement

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

which gives me reasonable cause to believe that, in any material respect, the requirements
to keep accounting records in accordance with section 386 and 387 of the Companies Act 2006;
to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice and Reporting by Charities have not been met; or
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Joseph Kinuthia C.P.A, DMS, MBA J & T Lexington Services 8 Holme close, Redhill Grange Wellingborough NN9 5YF

NEW HOPE REVIVAL CHURCH

Statement of financial activities for the year ended 31[st] August 2022 Incorporating the Income and Expenditure Account

Note Incoming Resources Incoming resources from generated funds Voluntary income 2 Total Incoming Resources Resources expended Charitable activities Rent Conferences & Events Travel & Accomodation Media/Music Feeding programme Website Gift & Donations Subsistence allowance Professional fees Depreciation of fixed assets Governance costs 3 Total resources expended Net incoming/ (outgoing) resources Balances carried forward at31st August 2022		2022 £
		62,328
		62,328
		7,840 2,178 673 6,339 542 240 12,022 9,590 120 180
		39,764 623
		40,387
		21,941 21,941

There were no recognised gains or losses in the year. All activities derive from continuing operations.

NEW HOPE REVIVAL CHURCH

Balance Sheet as at 31[st] August 2022

Note Fixed assets Tangible fixed assets 4 Current assets Debtors 6 Cash at bank and in hand Creditors- amounts falling due within one year 5 Net current assets/(liabilities) Net assets Represented by: Funds of the charity Reserves Net incoming resources	2022 £
	1,320 - 41,684
	41,684 (623)
	41,061
	42,381
	20,440 21,941
	42,381

The financial statements were approved by the Trustees on ……………2023 and signed on their behalf by:

Rev. Anthony G King_____

Trustee

NEW HOPE REVIVAL CHURCH

Notes to the financial statements for the year ended 31[st] August 2022

1. Accounting policies

a) Accounting basis

These accounts have been prepared on the receipts and payments basis under section 42(3) of the Charities Act 1993 and the Statement of Recommended Practice on Accounting by Charities published in March 2008. The adoption of the revised SORP has resulted in reclassification of some items.

b) Incoming resources

i) Voluntary income

Voluntary income is received by way of Tithes offerings, donations and gifts and is included in full in the Statement of Financial Activities when receivable.

ii) Bank interest

Bank interest is included in the income and expenditure account on receipt.

c) Resources expended

All expenditure is accounted for on an accruals basis.

d) Fixed assets and depreciation

Fixed assets are included at cost. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life using the reducing balance method.

Equipments & Instruments - 12%

e) Restricted and unrestricted funds

Income received for restricted purposes is included in a separate restricted fund against which appropriate expenditure is allocated. Restricted funds are those funds which represent grants and donations for a specific purpose. Upon full performance of the purpose of the grant, any surplus is then retrievable by the donor. Income generated for the objects of the charity without further specified purpose is allocated to unrestricted funds. Accumulated surpluses may be

NEW HOPE REVIVAL CHURCH

retained by the church and are expendable at the discretion of the trustees in furtherance of the church’s objects.

Notes to the financial statements for the year ended 31[st] August 2022

1. Accounting policies (continued)

e) Designated funds

Designated funds are allocated out of unrestricted funds by the trustees for specific purposes. The use of such funds is at the trustees’ discretion. There were no designated funds during the year.

g) Irrecoverable VAT

The church is unable to recover VAT since it does not make taxable supplies. The cost of irrecoverable VAT is not separately analysed in the financial statements.

h) Cash Flow

The church has taken advantage of the exemptions in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small church.

2. Incoming resources from generated funds

Voluntary income Tithes and offerings	Unrestricted £ 62,328 62,328	Restricted £ - -	Total funds 2022 £
			62,328
			62,328

NEW HOPE REVIVAL CHURCH

Notes to the financial statements for the year ended 31[st] August 2022

3. Governance costs

Accountancy fees	2022 £
	623
	623

4. Tangible fixed assets

Cost At 1stSeptember 2021 Additions At 31stAugust 2022 Depreciation At 1stSeptember 2021 Charge At 31stAugust 2022 Net book value 2022	Church Equipments & Instruments £ 1,500 - 1,500 180 180 1,320	Total £
		1,500 -
		1,500
		180
		180
		1,320

NEW HOPE REVIVAL CHURCH

Notes to the financial statements for the year ended 31[st] August 2022

5.	Creditors – amounts falling due within one year
		2022
		£
	Accountancy fee	623
		623
6.	Financial commitments
	Capital Commitments
	The church had no capital commitments as at 31stAugust 2022.
	Operating lease commitments
	The church had no operating lease commitments as at 31stAugust 2022.