2023-07-31-accounts - Mustard Seed Ministry

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Charity Number: 1002281

Mustard Seed Ministry

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

31 July 2023

Mustard Seed Ministry Contents

	Page
Reference and administrative details of the charity, its trustees and advisers	1
Trustees' report	2
Independent Examiners' report	4
Receipts and Payments	5
Balance sheet	6
Notes to the financial statements	7

Mustard Seed Ministry Information

Trustees

Marie Peters. Trustee Rev Emmanuel O King, Trustee Ms Hilda Nwokedi, Trustee Mrs Ebelechukwu E Uzoka, Chair

Charity Registered Number 1002281

Independent Examiner

Clement Ebinum MSc, FCCA Clement - Isah 55 Ingledew Road Plumstead London SE18 1AP

Contact Person

Rev A I Uzoka

Principal Address 86 Alderney Road Erith DA8 2JD

Mustard Seed Ministry

TRUSTEES' REPORT for the year ended

31 July 2023

The Trustees submit their annual report and the financial statements of Mustard Seed Ministry (the charity) for the ended 31 July 2023

The Trustees confirm that the annual report and financial statements of the charity comply with current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities".

STRUCTURE, GOVERNANCE AND MANAGEMENT

a. CONSTITUTION

The principal object of the charity during the period was that of advancement of Christian Faith and the extension of Kingdom of God. The charity is dedicated to inspiring and motivating God's people to reach their full potential in and through our Lord Jesus Christ.

b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES

The management of the charity is the responsibility of the Trustees who are elected and coopted under the terms of the trust deed.

c. GOING CONCERN

After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

TRUSTEES' RESPONSIBILITIES STATEMENT

The Trustee is responsible for preparing the Trustee's report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice)

The law applicable to charities in England & Wales requires the Trustee to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustee is required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
make judgments and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The Trustee is responsible for keeping proper accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable him to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. He is also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustee is responsible for the maintenance and integrity of the charity and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Mustard Seed Ministry

TRUSTEES' REPORT for the year ended 31 July 2023

This report was approved by the Trustees and signed on their behalf by on:

04 September 2024

Mrs Ebelechukwu E Uzoka

Mustard Seed Ministry

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES TO Mustard Seed Ministry

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 July 2023 set out on pages 5 to 7

Responsibilities and basis of report

The charity's Trustees are responsible for the preparation of the financial statements, and they consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the Act) and that an independent examination is needed.

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

1 which gives me reasonable cause to believe that in any material respect the requirements: . To keep accounting records in accordance with section 130 of the Act; and

. to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the Act have not been met; or

to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.

Signed: Clement Ebinum MSc, FCCA Clement - Isah Chartered Certified Accountants

55 Ingledew Road Plumstead London SE18 1AP

4 September 2024

Mustard Seed Ministry Receipt and Payment Accounts for the year ended 31 July 2023

Receipts Payments Charitable Donations Governance Expenses Bank charges Accountancy, legal and other professional fees (Loss)/net receipt	2023 £ 31,531 1,499 34,615 177 - 36,291 (4,760)	2022 £ 54,420 2,888 18,301 39 700
		21,928

		32,492

Mustard Seed Ministry Balance Sheet as at 31 July 2023

Notes Current assets Bank/building society balances Net current assets Net assets Charity Funds Balance at start of period Net (loss)/net income Balance at the end of period	218,565	2023 £ 218,565 218,565 223,325 (4,760) 218,565	223,325	2022 £ 223,325

				223,325
				190,833 32,492
				223,325

This report was approved by the Trustees and signed on their behalf by 04 September 2024

Mrs Ebelechukwu E Uzoka Marie Peters Chairperson Trustee

Mustard Seed Ministry Notes to the Accounts for the year ended 31 July 2023

1 Accounting basis

The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, and in accordance with the Financial Reporting Standard for Smaller Entities. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), 'Accounting and Reporting by Charities' and applicable accounting standards.

2 Income and Expenditure account analysis

Receipt Donations Gift Aid - Tax Refund Charity Donations Charity Donations Governance Cost Governance Cost Bank, credit card and other finance charges Bank charges Accountancy, legal and other professional fees Accountants Fees	2023 £ 31,531 - 31,531 1,499 34,615 177 -	2022 £ 30,169 24,251
		54,420
		2,888
		18,301
		39
		700