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COMPANY REGISTRATION NUMBER: 03083695
CHARITY REGISTRATION NUMBER: 1048519
Arise and Shine Evangelistic Association
Company Limited by Guarantee
Unaudited Financial Statements
31 July 2024
Arise and Shine Evangelistic Association
Company Limited by Guarantee
Financial Statements
Year ended 31 July 2024
Page
Trustees' annual report (incorporating the director's report)
1
Independent examiner's report to the trustees
3
Statement of financial activities (including income and expenditure account)
4
Statement of financial position
5
Notes to the financial statements
6
Arise and Shine Evangelistic Association
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 July 2024
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 July 2024 .
Reference and administrative details
Registered charity name
Arise and Shine Evangelistic Association
Charity registration number
1048519
Company registration number
03083695
Principal office and registered
32 Rotherhithe New Road
office
Rotherhithe
London
SE16 2AD
The trustees
Keith Dalby
(Resigned 4 October 2023)
Stephen Same
Dirk Wood
Elizabeth Wood
Jason O'Reilly
(Appointed 1 October 2023)
Company secretary
Elizabeth Wood
Independent examiner
Jones & Graham Accountants Ltd
6 Hall Square
DENBIGH
Denbighshire
LL16 3NU
Structure, governance and management
The charity is a company limited by guarantee.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Keith Dalby (resigned 04/10/2023)
Stephen Same
Dirk Wood
Elizabeth Wood
Jason O'Reilly (appointed 01/10/2023)
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
The charity's policies are set by the trustees. Day-to-day operations are carried out by two of the trustees and by other voluntary staff.
Objectives and activities
The charity's objects are the advancement of religion worldwide. The policies adopted in furtherance of these objects are the running of a training and outreach centre in the Rotherhithe area of London and there has been no change in these during the year.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Strategic report
The following sections for achievements and performance and financial review form the strategic report of the charity.
Achievements and performance
Details of the development, activities and achievements of the charity during the year are set out in a separate report.
Financial review
The charity's financial transactions during the year and financial position at the end of the year are
summarised in the attached accounts. The trustees consider the financial position to be satisfactory.
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
The trustees' annual report and the strategic report were approved on 17 March 2025 and signed on behalf of the board of trustees by:
Stephen Same
Trustee
Arise and Shine Evangelistic Association
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Arise and Shine Evangelistic Association
Year ended 31 July 2024
I report to the trustees on my examination of the financial statements of Arise and Shine Evangelistic Association ('the charity') for the year ended 31 July 2024.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
2. the financial statements do not accord with those records; or
3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Jones & Graham Accountants Ltd Independent Examiner
6 Hall Square DENBIGH Denbighshire LL16 3NU
17 March 2025
Arise and Shine Evangelistic Association
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 July 2024
2024
2023
Unrestricted funds
Restricted funds
Total funds
Total funds
Note
£
£
£
£
Income and endowments
Donations and legacies
4
6,772
420
7,192
6,425
Charitable activities
5
124
124
Other income
6
7,515
7,515
6,118
--------
----
--------
--------
Total income
14,411
420
14,831
12,543
--------
----
--------
--------
Expenditure
Expenditure on charitable activities
7,8
10,984
907
11,891
14,506
--------
----
--------
--------
Total expenditure
10,984
907
11,891
14,506
--------
----
--------
--------
--------
----
--------
--------
Net income/(expenditure) and net movement in funds
3,427
( 487)
2,940
( 1,963)
--------
----
--------
--------
Reconciliation of funds
Total funds brought forward
59,968
33,858
93,826
95,789
--------
--------
--------
--------
Total funds carried forward
63,395
33,371
96,766
93,826
--------
--------
--------
--------
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
Arise and Shine Evangelistic Association
Company Limited by Guarantee
Statement of Financial Position
31 July 2024
2024
2023
Note
£
£
Fixed assets
Tangible fixed assets
14
89,494
87,869
Current assets
Debtors
15
1,728
1,478
Cash at bank and in hand
6,784
5,408
-------
-------
8,512
6,886
Creditors: amounts falling due within one year
16
1,240
929
-------
-------
Net current assets
7,272
5,957
--------
--------
Total assets less current liabilities
96,766
93,826
--------
--------
Net assets
96,766
93,826
--------
--------
Funds of the charity
Restricted funds
33,371
33,851
Unrestricted funds
63,395
59,975
--------
--------
Total charity funds
17
96,766
93,826
--------
--------
For the year ending 31 July 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 17 March 2025 , and are signed on behalf of the board by:
Stephen Same
Trustee
Arise and Shine Evangelistic Association
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 July 2024
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 32 Rotherhithe New Road, Rotherhithe, London, SE16 2AD.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Income tax
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
10% straight line
User defined asset
-
5% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
4. Donations and legacies
Unrestricted Funds
Restricted Funds
Total Funds 2024
£
£
£
Donations
Donations and gifts
6,772
420
7,192
-------
----
-------
Unrestricted Funds
Restricted Funds
Total Funds 2023
£
£
£
Donations
Donations and gifts
6,005
420
6,425
-------
----
-------
5. Charitable activities
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Fundraising
124
124
----
----
----
----
6. Other income
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Charitable rental income
7,515
7,515
6,118
6,118
-------
-------
-------
-------
7. Expenditure on charitable activities by fund type
Unrestricted Funds
Restricted Funds
Total Funds 2024
£
£
£
Youth Club costs
296
900
1,196
Support costs
10,688
7
10,695
--------
----
--------
10,984
907
11,891
--------
----
--------
Unrestricted Funds
Restricted Funds
Total Funds 2023
£
£
£
Youth Club costs
391
420
811
Support costs
13,688
7
13,695
--------
----
--------
14,079
427
14,506
--------
----
--------
8. Expenditure on charitable activities by activity type
Activities undertaken directly
Grant funding of activities
Support costs
Total funds 2024
Total fund 2023
£
£
£
£
£
Youth Club costs
296
900
9,807
11,003
14,193
Governance costs
888
888
313
----
----
--------
--------
--------
296
900
10,695
11,891
14,506
----
----
--------
--------
--------
9. Analysis of support costs
Evangelism
Total 2024
Total 2023
£
£
£
Governance costs
348
348
313
Depreciation
519
519
305
Premises expenses
9,799
9,799
12,875
Administration expenses
66
66
202
--------
--------
--------
10,732
10,732
13,695
--------
--------
--------
10. Analysis of grants
2024
2023
£
£
Grants to institutions
Philippines Sponsorship Program
900
420
----
----
Total grants
900
420
----
----
11. Net income/(expenditure)
Net income/(expenditure) is stated after charging/(crediting):
2024
2023
£
£
Depreciation of tangible fixed assets
519
305
----
----
12. Staff costs
The average head count of employees during the year was Nil (2023: Nil).
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
13. Trustee remuneration and expenses
None of the trustees (or any persons connected with them) received any remuneration during the year.
One of the trustees and his family pay an arm's-length rent in respect of their use of part of the charity's property.
14. Tangible fixed assets
Freehold property
Fixtures and fittings
Property improvements
Total
£
£
£
£
Cost
At 1 Aug 2023
85,957
18,455
26,272
130,684
Additions
2,144
2,144
--------
--------
--------
---------
At 31 Jul 2024
85,957
20,599
26,272
132,828
--------
--------
--------
---------
Depreciation
At 1 Aug 2023
17,212
25,603
42,815
Charge for the year
447
72
519
--------
--------
--------
---------
At 31 Jul 2024
17,659
25,675
43,334
--------
--------
--------
---------
Carrying amount
At 31 Jul 2024
85,957
2,940
597
89,494
--------
--------
--------
---------
At 31 Jul 2023
85,957
1,243
669
87,869
--------
--------
--------
---------
15. Debtors
2024
2023
£
£
Prepayments and accrued income
1,728
1,478
-------
-------
16. Creditors: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
974
761
Other creditors
266
168
-------
----
1,240
929
-------
----
17. Analysis of charitable funds
Unrestricted funds
At 1 Aug 2023
Income
Expenditure
At 31 Jul 2024
£
£
£
£
General funds
59,968
14,411
(10,984)
63,395
--------
--------
--------
--------
At 1 Aug 2022
Income
Expenditure
At 31 Jul 2023
£
£
£
£
General funds
61,931
12,123
(14,079)
59,975
--------
--------
--------
--------
Restricted funds
At 1 Aug 2023
Income
Expenditure
At 31 Jul 2024
£
£
£
£
Building fund
32,768
(7)
32,761
Sponsorship
820
420
(900)
340
Library
270
270
--------
----
----
--------
33,858
420
(907)
33,371
--------
----
----
--------
At 1 Aug 2022
Income
Expenditure
At 31 Jul 2023
£
£
£
£
Building fund
32,768
(7)
32,761
Sponsorship
820
420
(420)
820
Library
270
270
--------
----
----
--------
33,858
420
(427)
33,851
--------
----
----
--------