RANSOM CHURCH OF GOD UNIVEIISAL FILLOWSHIP REPORT OF Tllb. TRUSTFI LS AND FINANCIAL STATEMENTS YLAR ENDED31ST MARCII 2024 Charity No: 275592
RANSOM CHURCH OF GOD UNIVERSAL FELLOWSHIP CHARITY INFORMATION YEAR F.NDf.D 31ST MARCH 2024 Charity Rcgisttatiun Number.. 275592 Principal Offiee.. 78 Albacore Crescent Lewisliain, Londoii SEIJ 7HP TrusteGs: Owen Oliver Douee Esq. (Bishop} Mts. Ethel Dowdalah Douce (S¢eretary) Mrs. Veronica Marjorie Simpson (Treasurer) Bankers- National Westminster Bank plc. 504 Brixton Road Brixton, l.ondon SW9 8F.B Independent Exwninei%: Leroy Reid & Co. Charlered Certified Accountsnts and Rcgistercd Auditors 299 Northborough Road NorbLiry London SW16 4TR
RANSOM CHURCH OF GnD UTr41VERSAL FELLOWSHIP INDEX TO THf. Tr INAf4ciAL STATEMENTS YF,AR INDED31ST MARCH 2Q24 CONTTr.NT PAGE .1 i'ustces Rcport Repoit of the Exaniiiier Stateineiits ol. Fiiiancial Activitics 8alai)ce Sheet Notes to P'inancial Stateinents
REPORT OF THF. TRUSTEES TO THE MEMBERS ob RANSOM CIIURCH OF COD UNIVERSAL FELLOWSHIP 'I'he trLisi¢es pir5¢nt tlieir irporl aiid aLcounts loi. th¢ yeai- cndcd J I st M¢irch 2024. Statu5 '1l)e cliurch is a regTgtered ¢hai'ily is goyeimed by a constitiillon. Activities 'I'hc principal activities ait thai of proinotiiits aiid spi'Lading the g05p¢I via rlie whole Inission of the cliurch, pastoi'al, evaiib)elistic, %)cial and cciiinenical. Trustees Tli¢ tL'Lisie¢s Ildmed on tlie Iront slicet have Served tlii'oughout the year. Trustees, Ro4pon5ibilities For The "lan£11 S¢attments Tlie law I'EqLllI'es us ihe tl'U5teos to prepare f1nai)cial 5tateme11ts lor each year which give a tTue and fair view ofthc gtate nf affaii'5 Ot the oi'g¢Trnisalion alld of its sllrpliis and deficit for ihal y¢ar. In pi'eparing thc fiiiancial stateinents we al'e requiitd to- (a) s¢le¢t suitable accoiiiitiiig policies ld apply ihein consisteiitly tl)rough ihc ycars. {b} make jiidgements and ¢stiinales Iliat al'e Irasonable and prLideiit. Ic) stale wli¢ther applicable <lCCOUTlting Sill nddi.ds hav¢ been follow'ed. siihjcct to aiiy material departiii'cs tlial 5haiild be disclosed ¢iiid explained in thc finaiicial stateinents. (d) piepair tlie financial stateimenis oli tlic goiiigj concei'n basis Liiiless it i* inappi'api'iate to pi'e5111nc thi£ t the organisation will coiitiiiLLe iii busiiiess. WL arc respon%ible foi. k¢epin proper accounting I'ecoi'ds, for safegiiai'ding the ass¢ts <if th¢ arganisation and for taking reasonable steps for the preveiitioii and d¢tcction of fi'aud and other irrebTulariti¢5 Should th¢y exist. Fixed Assets Details of ai)y chaiiges in the fixed asscts are showii oil the attached aecoLints.
RF.PORT OF THE TRUSTEES TO THE MEMBERS OF RANSOM CHURCH OF GOD UNIVERSAL FELLOWSHIP Independent Examiners Leroy Reid & Co. have indicated their willingness to serve 2S the eyaminers and a resolution re-appointing th•n will be proposed at the annual general meeting. By Order Of The Board Secretary Iilg120?f
REPORTS OP THF. fxAMINF.RSTO THE MEMBERS OF RANbOM C.IIUIICH OF GOI) UiYIVERSAL FCLLOWSHIP We Yepoi* oll thc fii)ai)cial .Etateinents of the chaTlty loi. flie yeai. ended i I si Marcli 2024, which arc set out on page5 4 to 8. Re$pective Responsibilites Ibf Tru8tct.q Exaiiiinei As the cliai'ity's ti'iistees. YOLI are Irspoiibile loi- tlie prepai'atii)n of tlie aeeounts. Yvu also consider that the audit I'eqiiiremei)t ot S¢ction 14412} ol the C.hai'ities Act 2011 (Ihe 201 l Acil does not apply and ihat ali indepeiideiit exaininatioil IS iicedcd. Having satiglied oiir5elves tlial tlie ch<irily is iiot siibjcct to ai) audit alld is eligible for indepeiident examii)alion. It 15 OLir iesponsibilily to.. (il exainine the accounts linder sectinn 145 01. the 2011 Acl., (li} to follow ihc proccdiires laid down in ilie LTenei'al Directitsns given by the Charity Comynission Iinil¢r section 145(5llbl ul'tlie 2011 Act; and (iiil lo state wliether k)articiilar 111atter% have come 10 Olir atlelllion. Basis of Indepenilent ExAminci"s Report Oiii. exaininatioii was caTricd oui in accord<thce witli ilie Gen¢i?l Directions givcn by the C,harity Coininissioncrs. An eKaininaiioii iiiclude5 a I'eview of Il)e ciceounting Ircoi.d8 kepi by tlie cliarity and a coinpai'ison of tli¢ aLCOLllIt5 presented with tl)osc iecorcls. It also includes consideration of ny uniisudl ilem5 or disclosLires in tlie accoiintE. 1)d seekingj explanat10115 froin you as triiste con¢eriiiiig any siich Inattci's. The procediires iindertalkeii do not pi'ovide all thc tvidence that wtsiild be ILY4uired in an audit. and con5eqii¢i)tly iio opinioii 15 b7ive11 as to wl)ether the dLcoiints preseiit a'ti'iie and fail. view, and tlie rep01t is liinireil to tlio8t Inatteis 5¢1 Dill in th¢ stateiiient below. Independent EXAMIer,.8 Slytemcnt In connection witli our examination, no matter ha8 conie ¢0 nur attention.. (I I Wliich givc 118 rcasoiiahlc causc to hclieve that 111 dliy n)dtei'ial i'especl the rcquireinents: To ke¢p acLountin8 records in accordaiice with Section l JO of tlie Acl,. and l-o prepare accoLint5 whicli accord with ihe aLcoiiniing Iccord5 and I'o comply with the accountiiig requir¢inents ol'tl)e 2011 Act have not bcci) Imct., or (2) Tts which. in our (Jpinion, atteniinn slioiild Lx drawn in oi'dei. to eHable a pi'oper understanding to be reach¢d. L.F.ROY RF.ID & CO CHARTERF.D CERTIFIED ACCOUN"I'ANTS AND RF.CJlSTF.RED AUDITORS 299 Nort1iboro&h Road Norbui"y London SW16 4TR
RANSOM CHURCH OF GOD UNIVERSAL FELLOW.SHIP STATEMENT OF FINANCIAL ACTIVITIES YEAR Ef4DED JIST MARCH 2024 Ir4COMING RESOURCES Notes IIcstriclL'(I Ilni'estrietc(I 2024 2n23 Church income Gift aid Interest Icceived Nil 52.857 52,857 32.045 l(b) l{b) Total incoming resoiirces KESOURCES IXPF,P4DF,D Direct church expenditure Ns1 Net Inovcment in fuiids 68.865 68,865 22,648 Funds brought forward 13?.j66 l j4?.628 1.3199110 Funds carried forward £?11.(i_ £1 3912jl £l,11141)3 £1 j42 6711 There were iio recogni5ed gains or losses other than thosc passing through the Stateinent of Financial ALlivities. The accoinpanyin¥ nol¢s forin an integral pait of the accounts.
RANSOM CIIUIICH OF GOI) UNIVERSAL FF.LLOWSHIP BALANCL SHEET AS AT THE 31ST MARCH 2024 NOTES 2024 2023 FIXED ASSETS 414 ¥¥1 414 8x1 CURRENT ASSETS Debtoi's aiid prepayincnts Cash and bank balances 295 )98 29 i)97.?19 997.512 928,587 CURRENT LIABILITIES Creditoi's and acci'Lials 900 NET CURRETrIT ASSETS (LIABILITIES) 996612 927 747 NET ASSE'I'S £141149) £1 J*4•628 RestriLted fund UllTeslrictcd fund ?Q ?(12 l.i22.i66 £1411.4(}.) £1 J42 618 Approved by th¢ Cliur¢l) Cominittee and signed on its behalf by= Swretary............ Date... Memlxr of the Chui'ch Coinmittce... The accoinpanying notes fom ali int¢grnl part of the accoLints.
RAIY>OM CHURCH OF GOD UNIVERSAL FELLOWSHIP NOTES TO THE FINANCIAL STATEMF.NTS YEAR EIYDED 31ST MARCH 2024 I ACCOUNTING POLICIF.?) (a) Accounting Convention The financial statcnienls aiE prepared Iindei. the historical cost convention and in accordance with the Statement of Recominended Praetiec.. Accounting and Reporting by Charities preparing th¢ir accoiints in a¢iordance with ihe FiiiaiiLidl Reporling StAndJTd Jppli¢able in the UK and Republic of Ireland (Charitics SORP fRS102 and cliai'itics Act 20111. Ran5uin Church of God Universal Fellowship Lonstitiite5 a public entity a5 defined by FRS 102. (b) Income and Expertses Incoine and expenses are rccoi'ded on ilie cash basis With the exc¢ption ol-audit fees which are recorded on the accrual basis. (c) Deprecitio Motor vehicles, furniture, fixlures. fittillgFs and equipmeiit are depreciated on the strdight line bast5 which is estimated to write off iht LOSt ol'ihe assets over a period of five years. (d) Fund Accvunting Grdnts and.%iinilar incoinc which air subjected to rcstriction5 by the donors are shown as restricted fiiiid and any expenditure incurred WTII bc offsct agaiiist thi.% fund. All oihei. incoine and eX1)dIti1r¢ is shown a5 unrestricted fund.
RANSOM CHURCH OF GOD UNIVERSAL Ff.LLOWSHIP NOTES TO FINANCIAL STATEMENTS {C0Tr4TINUED} YF,AR F.NDED 31ST MARCH 2024 3 DIRECT CHURCH EI XPENSES 2024 2023 Light and heat Insuran Postage, stationery, printing and telephone Repairs, Inaintenance and Cleaning Accoiiiitancy fees Donations, gifts and offering ,8ubscription and publications Depr¢Li&tioii Con(¢rences and Ineetlllbs Expenses 4,702 1,208 1,657 658 4,323 900 1,41) 41) 840 1.877 804 90 138 l(c) Total expeiiditure £ l J..iY4 £11 562 lillll(l & Furniture &rilltn 4 FIXED ASSETS COST OR VALUATION Op¢ninE hAIAnee 414.880 446.552 Disposal during the year Clft.%ing balance 414.X80 446 552 ACCUMULATED DEPRECIATION Opening balance 31.671 31,671 Charg¢ for th¢ year Closing balance NET BOOK VALUF. as aÉJl.O).24 £414880 £1 £414 1181 as at31.0).23 L414.880 £1 £414881
RANSOM CHURCH OF GOD UNIVERSAL FELLOWSHIP NOTES TO FINANCIAL STATEMENTS (COIYTINUED) YEAR ENDED 31ST MARCH 2024 5 Debtors prepayments 2024 2023 Other debtor £293 £295 6 CREDITORS AND ACCRUALS 2024 2023 (hher cr¢ditors £900 £840 7 FUNDS Unrcstricted Resli'iLted Funds Opening balance Excess of incoiTr¢ over expenditLire foi. the year 1,322,366 (}8.865 20.262 1,342,628 C)8 8()5 Closing balan¢e L?0 •6! £1.4114lJJ Restricted fund5 represent various donations from meinbers specifically set aside towards the maintenance of the building. 8 ANALYSIS OF NET ASSETS BETWEETrI FUNDS Reslrleted Unrestrleted 2024 2023 Tangible fixed assets Net current assets/(liabiliti¢s) 414,881 907 485 414,881 9()()61? 414,881 927 747 [?() ?()_ -j(}0 £14114C)j £1 .)4? 6711