2023-03-31-accounts

ROCK OF AGES KINGDOM MINISTRY

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST] MARCH 2023

CHARITY NUMBER: 1199386

ROCK OF AGES KINGDOM MINISTRY 20 THORNE CLOSE LONDON E11 4HU

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

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ROCK OF AGES KINGDOM MINISTRY

TRUSTEES’ REPORT YEAR ENDED 31[ST] MARCH 2023

The trustees are pleased to present their report for the year ended 31[st] March 2023 for the charity, Rock of Ages Kingdom Ministry with charity number 1199386.

The Trustees of the charity are: Pastor Anne Izegbu Olusegun Oside Ekenedilichukwu Izegbu Stella Matte

The principal address of the charity is : 20 Thorne Close London E11 4HU

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Charity governing document is a CIO – Foundation Constitution registered 20[TH] June 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 Objects of the organisation are first to advance the Christian faith in accordance with the statement of beliefs for the benefit in the United Kingdom and in such other parts of the world as the trustees may think fit from time to time . The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.

ACHIEVMENTS AND PERFORMANCE

The Organisation has carried out no activities.

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FINANCIAL REVIEW

The income of the charity is zero. The organisation is still in a good position to manage its costs.

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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 have 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 24[th] May 2024 and signed on their behalf by:

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ROCK OF AGES KINGDOM MINISTRY

ACCOUNTS FOR THE YEAR ENDED 31st March 2023

**1 **	Receipts & Payments Account (General	Purpose Fund)
	Income Receipts	£/ 2023
	Donations	0
	Total Receipts	0
	Direct Charitable Expenditure
	Admin	0
		0
	Other Expenditure
	Equipment	0
	Instruments	0
		0
	Total Payments	0
	Net Receipts/(Payments) for the year	0
	Cash Funds brought forward	0
	Cash Funds at the end of the year	0
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ROCK OF AGES KINGDOM MINISTRY

----- Start of picture text -----
2 Statements of Assets and Liabilities at 31st March 2023
Monetary Assets
Cash Funds Unrestricted Funds
£/2023
£
Cash at hand and in bank 0
Total Cash Funds 0
Assets Retained for the
Charity's Own use
Non-monetary Assets and Liabilities
Musical Instruments
Equipments
0
Liabilities
Loan
----- End of picture text -----

These accounts were approved by the trustees and signed on their behalf by: Pastor Anne Izegbu ____________

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ROCK OF AGES KINGDOM MINISTRY

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31st March 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.

Depreciation

Depreciation is calculated at 20% reducing balance method.

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