## **ROCK OF SALVATION OUTREACH MINISTRY INTERNATIONAL** ## **FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31[ST] DECEMBER 2023** **CHARITY NUMBER: 1198759** **ROCK OF SALVATION OUTREACH MINISTRY INTERNATIONAL** 22 GLENCOE DRIVE DAGENHAM ESSEX RM10 7NS **INDEX Page Index 1 Trustee’s Report 2 – 3 Receipts and Payments Account 4 Statement of Assets and Liabilities 5 Notes on the financial Statements 6** **1** ## **ROCK OF SALVATION OUTREACH MINISTRY INTERNATIONAL** ## **TRUSTEES’ REPORT YEAR ENDED 31[ST] DECEMBER 2023** The trustees are pleased to present their report for the year ended 31[st] December 2023 for the charity, Rock of Salvation Outreach Ministry International with charity number 1198759. The Trustees of the charity are: Pastor Enoch Acheampong Nick Ntiamoah Regina Affum-Darko Michael Boakye Boateng The principal address of the charity is: 22 Glencoe Drive, Dagenham RM10 7NS ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** The Charity governing document is a CIO – Foundation Constitution registered 27[th] April 2022.The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position. ## **OBJECTIVES AND ACTIVITIES** THE OBJECT OF THE CIO IS FOR THE BENEFIT OF THE PUBLIC: TO ADVANCE THE CHRISTIAN FAITH IN ACCORDANCE WITH THE STATEMENT OF BELIEFS IN SUCH WAYS AS THE TRUSTEES FROM TIME TO TIME MAY THINK FIT. ## **ACHIEVMENTS AND PERFORMANCE** The organisation continues to hold weekly Christian services, bible studies and prayer meetings which have been designed to promote the message of the Christian faith in the community. The church saw new people attending throughout the year and this produced a positive feedback from them. **2** ## **FINANCIAL REVIEW** The income was relatively a small amount this year and the costs have been well managed over this period. The organisation is still in a good position to manage its costs. The main cost of the organisation was paying for the rent and supporting those in need. ## **RESERVE POLICY** It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure. This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to maintain this level throughout the year. ## **RISK MANAGEMENT** The charity has assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks. ## **TRUSTEE RESPONSIBILITIES** Under the Charities Act 2011,the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to: 1. Select suitable accounting policies and apply them consistently. 2. Make judgements and estimates that are reasonable and prudent. 3. State whether the applicable accounting standards have been followed. 4. Prepare financial statements on an ongoing basis. They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities. Approved by the Trustees on 11[th] September 2024 and signed on their behalf by: _____________________________________________ **3** **ROCK OF SALVATION OUTREACH MINISTRY INTERNATIONAL ACCOUNTS FOR THE YEAR ENDED 31st December 2023** |**1 **|**Receipts & Payments Account (General**|**Purpose Fund)**|| |---|---|---|---| ||**Income Receipts**|2023/£
2022/£|| ||Donations|3770|80| ||Other Income||| ||**Total Receipts**|**3770**|80| ||**Direct Charitable Expenditure**||| ||Advertisement|220|50| ||Church Rent|3211|29| ||Stationery|16|| ||Welfare|75|| ||Travel|27|| ||Professional fees|199|| ||Refreshments|20|| |||3768|79| ||**Other Expenditure**||| ||Equipment||| ||Instruments||| |||0|0| ||**Total Payments**|**3768**|79| ||**Net Receipts/(Payments) for the year**|2|1| ||**Cash Funds opening balance**|**1**|0| ||**Cash Funds at the end of the year**|**3**|1| **4** ||||||||| |---|---|---|---|---|---|---|---| ||**ROCK OF SAVATION OUTREACH MINISTRY INTERNATIONAL**||||||| ||||||||| ||||||||| |**2 **|**Statements of Assets and Liabilities at 31st December 2023**||||||| ||**Monetary Assets**||||||| ||**Cash Funds**||||**Unrestricted Funds**||| ||||||**£/2023**|**£/2022**|| ||||||**£**||| ||Cashathand andinbank||||3|1|| ||||||||| ||||||||| ||||||||| ||**Total Cash Funds**||||3|1|| ||||||||| ||||||||| ||**Assets Retained for the**||||||| ||**Charity's Ownuse**||||||| ||**Non-monetary Assets and Liabilities**||||||| ||Musical Instruments||||||| ||Equipments||||||| ||||||||| ||||||||| ||||||||| ||||||||| ||**Liabilities**||||||| ||||||||| ||Bookkeeping||||199|199|| ||||||||| ||||||||| ||||||||| ||These accountswere approved by the trustees and signed ontheirbehalfby:||||||| ||||||||| ||Pastor Enoch Acheampong||||||| ||________________________________________________||||||| ||||||||| ||||||||| ||||||||| ||||||||| ||||||||| ||||||||| ||||||||| ||||||||| ||||||||| ||||||||| ||||||||| ||||||||| ||||||||| ||||||||| ||||||||| ||||||||| **5** **ROCK OF SALVATION MINISTRY OUTREACH INTERNATIONAL** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31st December 2023** ## **ACCOUNTING POLICIES** ## **Basis of Accounting** These accounts have been prepared on the receipts and payments basis with all revenue and expenses shown on a cash basis. Non-monetary assets are shown at estimates of the value at the end of the year. ## **Funds** The CIO has a general unrestricted fund that receives voluntary donations from attendants at the services. The CIO has no outstanding guarantees to third parties no any debts secured on the asstes of the CIO ## **Public Benefit** The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or aims that are for public benefit.Details of how this is achieved are provided in the Trustees report. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake. **6**