REGISTERED CHARITY NUMBER: 11979633
NEW HOPE REVIVAL CHURCH
REPORT AND FINANCIAL STATEMENT FOR THE (UNAUDITED)
YEAR ENDED 31[ST] AUGUST 2023
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 |
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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
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NEW HOPE REVIVAL CHURCH
Trustees’ Report
The Trustees have pleasure in submitting their report, and accounts for the year ended 31[st] August 2023. 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:
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The advancement of Christian faith.
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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:
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Working with and supporting those in need by donating to local food banks.
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Working in partnership with a rehabilitation centre based in Kenya that supports young boys to come out of drug addiction
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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 Deficit for the year amounting to £ 18,054. (2022 Surplus 21,941)
Approval
The report was approved by the board of trustees on ………….. 2024 and signed on their behalf by:
Rev. Anthony G King ________
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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 2023 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:
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1) Examine the accounts under section 145 of the 2011 Act.
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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
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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:
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which gives me reasonable cause to believe that, in any material respect, the requirements
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to keep accounting records in accordance with section 386 and 387 of the Companies Act 2006;
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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
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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
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NEW HOPE REVIVAL CHURCH
Statement of financial activities for the year ended 31[st] August 2023 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/ Mission Website Printing, Software & Stationery Church Supply 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 2023 |
2023 £ 68,639 68,639 12,320 9,778 4,942 8,754 9,894 410 394 2,323 25,788 10,970 - 434 86,007 686 86,693 18,054 18,054 |
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.
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NEW HOPE REVIVAL CHURCH
Balance Sheet as at 31[st] August 2023
| 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 |
2023 £ 3,183 - 21,830 21,830 (686) 21,144 24,327 42,381 18,054 24,054 |
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 ……………2024 and signed on their behalf by:
Rev. Anthony G King_____
Trustee
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NEW HOPE REVIVAL CHURCH
Notes to the financial statements for the year ended 31[st] August 2023
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 retained by the church and are expendable at the discretion of the trustees in furtherance of the church’s objects.
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NEW HOPE REVIVAL CHURCH
Notes to the financial statements for the year ended 31[st] August 2023
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 £ 68,639 68,639 |
Restricted £ - - |
Total funds 2023 £ |
|---|---|---|---|
| 68,639 | |||
| 68,639 |
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NEW HOPE REVIVAL CHURCH
Notes to the financial statements for the year ended 31[st] August 2023
3. Governance costs
| Accountancy fees | 2023 2022 £ £ 686 686 686 686 |
|---|---|
4. Tangible fixed assets
| Cost At 1stSeptember 2022 Additions At 31stAugust 2023 Depreciation At 1stSeptember 2022 Charge At 31stAugust 2023 Net book value 2023 Net book value 2022 |
Church Equipments & Instruments £ 1,500 2,297 3,797 180 434 614 3,183 1,320 |
Total £ |
|---|---|---|
| 1,500 2,297 |
||
| 3,797 | ||
| 180 434 |
||
| 614 | ||
| 3,183 | ||
| 1,320 |
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NEW HOPE REVIVAL CHURCH
Notes to the financial statements for the year ended 31[st] August 2023
5. Creditors – amounts falling due within one year
| Accountancy fee | 2023 £ 686 686 |
2022 £ |
|---|---|---|
| 623 | ||
| 623 |
6. Financial commitments Capital Commitments
The church had no capital commitments as at 31[st] August 2023. Operating lease commitments The church had no operating lease commitments as at 31[st] August 2023.
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