Manna International Church ( A not -for - profit unincorporated Organisation)
Report of the Trustees
and
Financial Statements
For the Year Ended 31 March 2021
1
Manna International Church ( A not -for - profit unincorporated Organisation)
Index to the financial statements for the year ended 31 March 2021
| Page | ||
|---|---|---|
| Organisaton Informaton | 3 | |
| Report of the Trustees | 4-8 | |
| Independent examiners report | 9 | |
| Statements of fnancial actvites | 10 | |
| Balance sheet | 11 | |
| Notes to the fnancial statements | 12-13 | |
| Detail fnancial statements | 14-15 |
2
Manna International Church ( A not -for - profit unincorporated Organisation)
Organisation Information
Trustees: Dennis Scotland Georgia Benjamin - Scotland Joe Vidal Barbara Joseph Charity No: 1022840 Treasurer : Cordelia Joseph Address: 738 Barking Road Palistow London E13 9LB Accountants: Gabriel & Associates Chartered Certified Accountants ) 293a High Road Leytonstone London E11 4HH
3
Manna International Church ( A not -for - profit unincorporated Organisation)
Report of the Trustees for the Year Ended 31 March 2021.
The trustees presents their report with the financial statements of the organisation for the year ended 31 March 2021. The trustees have adopted the provisions of the Statements of Recommended Practice(SORP) "Accounting and Reporting by Charities(revised 2005)" in preparing the annual report and financial statements of the organisation.
GENERAL INFORMATION
The Church is an unincorporated association, governed by a constitution.
TRUSTEES
The trustees during the year under review are as listed on page 3. Members are elected at the start of the annual year (AGM) by process of nominations and election by the showing of hands.
The trustees board meets quarterly to consider the business of the Charity, draft policies and review health and safety. Meetings are also used to review any relevant changes in legislation and social policy that will have direct or indirect impact on the work of the charity.
Trustees are indemnified against any losses by the use of a combined insurance premium that covers full contents, public liability and trustees insurance. The premium is reviewed annually to ensure value for money and appropriate safeguards of the assets held in trust.
OBJECTIVES, ORGANISATION AND ACTIVITIES
The objectives of the Church, as set out in the constitution are as follows:
a) Promotion of social education to young people within the local community using information and positive messages including workshops, group exercises, creative and dramatic arts within Churches, Schools and local community projects.
b) The promotion of the Christian Faith through the provision of educational materials, teaching and training of all peoples and groups, the organisation of seminars and conferences aimed at personal awareness, developing self esteem and inner strength through a deeper understanding of the Christian faith.
c) The provision of counselling and other forms of social, emotional and spiritual support necessary to ensure the development of the whole person who will in turn make an effective positive contribution to their community.
d) The relief of poverty.
e) To offer a safe, friendly and neutral environment in Newham, where children of separated families can spend time with one or both parents and sometimes other family members.
4
Manna International Church ( A not -for - profit unincorporated Organisation)
The Church engages in the following activities in order to further these objectives.
-
a) Regular monthly meetings. b) Educational workshops.
-
c) Children Church
-
d) Fundraising events within the local community
-
e) Support groups for local men, women and young adults.
-
f) Weekly bible teaching and prayer meetings
-
g) Monthly special prayer mornings
All our events are run and managed by committed volunteers from the local community. The volunteers are of mixed group both in terms of age and gender.
The selfless service and positive contributions of the volunteers is acknowledged and greatly appreciated by the trustees.
RELATED AND CO-OPERATING CHARITIES
The Church does not have any related charities.
ACHIEVEMENTS AND PERFORMANCE DURING THE YEAR
5
Manna International Church ( A not -for - profit unincorporated Organisation)
RESERVE POLICY
Given the size of the Church in terms of attendance, members of trustee consider that the Church is not in the position to maintain a huge deposit but to hold amount sufficient to pay day to day expenses. In view of this, whatever income the Church generates is applied towards running cost and ensure that this level can be sustained for at least three months without income. The charity main source of income continues to be from the generous donations given by its members. The Church does not generate enough funds yet to support the appointment of a full or part -time staff.
FUTURE DEVELOPMENTS
7
Manna International Church ( A not -for - profit unincorporated Organisation)
STATEMENT OF TRUSTEES' RESPONSIBILITIES YEAR ENDED 31 March 2021.
Charity law requires the trustees 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 its financial activities for that year. In preparing those financial statements the trustees are required to:
select suitable accounting policies and apply them consistently;
make judgments and estimates that are reasonable and prudent;
state whether the policies adopted are in accordance with the Statement of Recommended Practice, “Accounting and Reporting by Charities (revised 2005)” and with applicable accounting standards, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to assume the charity will continue operating.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities.
8
Manna International Church ( A not -for - profit unincorporated Organisation)
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEE
YEAR ENDED 31 March 2021.
I report on the financial statements of the Church for the year ended 31 March 2021, which are set out on pages 7 to 13.
Respective responsibilities of trustees and examiner
As the Church’s trustees you are responsible for the General Directions given by the Charity Commissioners. An independent examination includes a review of the accounting records kept by the Church and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the financial statements.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention
which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 41 of the Act, and to prepare financial statements which accord with the accounting records and to 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.
Gabriel Akintunde Gabriel & Associates 293a High Road Leytonstone E11 4HH
9
Manna International Church
( A not -for - profit unincorporated Organisation)
Statement of Financial Activities
for the year ended 31 March 2021
| Notes Incoming Resources Donatons Total incoming Resources Resources expended Cost of actvites in furtherance of the Church's objects Management and admin Total resources expended Surplus/(defcit) on ordinary actvites before funds transfers Fund Transfer Balance brought forward Fund Balance as at 31 March 2021 |
31-Mar 31-Mar Unrestricted Restricted 2021 2020 funds funds Total fund Total fund 80,111 80,111 52,451 |
|---|---|
| 80,111 80,111 52,451 |
|
| 53,937 53,937 54,535 600 600 600 |
|
| 54,537 54,537 55,135 |
|
| 25,574 25,574 -2,684 11,067 0 13,751 |
|
| 36,641 25,574 11,067 |
The church has no recognised gains or losses other than the results for the period as set out above. All of the activities of the Church are classed as continuing.
10
| Manna Internatonal Church | ||
|---|---|---|
| ( A not -for - proft unincorporated Organisaton) | ||
| Balance Sheet | ||
| as at 31 March 2021. | ||
| 31-Mar | 31-Mar | |
| 2021 | 2020 | |
| CURRENT ASSETS | ||
| Bank Balance | 38,141 | 11,667 |
| Creditors- Accrual | -600 | -600 |
| Loan | -900 | |
| NET ASSETS | 36,641 | 11,067 |
| REPRESENTED BY: | ||
| Unrestricted funds | 36,641 | 11,067 |
| TOTAL FUNDS | 36,641 | 11,067 |
| APPROVED ON BEHALF OF THE TRUSTEES | ||
| Name…………………………………………………………………………..Signature | …………………………………Trustee | |
| Name…………………………………………………………………………….Signature | …………………………………Trustee | |
| Date……………………………………………………….. |
11
1
Manna International Church
( A not -for - profit unincorporated Organisation)
ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared:
- under the historical cost convention
in accordance with the Statement of Recommended Practice (SORP Accounting and Reporting by Charities (revised 2005)”, and applicable accounting standards.
Fund accounting
Unrestricted funds are general funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the Church and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Church for particular purposes.
The cost of raising and administering such funds are charged against the specific fund. Investment income and gains are allocated to the appropriate fund.
Incoming resources
All incoming resources are included in the statement of financial activities when the Church is legally entitled to the income and the amount can be quantified with reasonable accuracy.
No amounts are included in the financial statements for services donated by volunteers.
Resources expended
All expenditure is accounted for on receipts and payment basis and has been classified under headings that aggregate all costs related to the category.
Management and administration costs are those incurred in connection with administration of the Church and compliance with constitutional and statutory requirements
12
Manna International Church ( A not -for - profit unincorporated Organisation)
| Cost of actvites in furtherance of the Church Objects Rent Water/General rate Electricity Telephone Building Insurance Events Cleaning Donatons Equipments Publicity Music Printng Other cost Repairs and maintenance Management and Admin Training Accountancy Bank Charges |
31-Mar 31-Mar 2021 2020 39,996 40,236 184 864 2,840 3,008 2,337 3,685 329 571 0 0 400 0 500 4,300 7,351 0 0 0 0 0 0 0 0 944 0 927 |
|---|---|
| 53,937 54,535 |
|
| 0 0 600 600 0 0 600 600 |
13
Manna International Church ( A not -for - profit unincorporated Organisation)
Detail Financial statements for the year ended 31 March 2021
for
Manna International Church
14
Manna International Church ( A not -for - profit unincorporated Organisation)
| Income/Receipts | ||
|---|---|---|
| Tithes and Oferings | 80,111 | |
| Expenditure | ||
| Accountancy fee | 600 | |
| Rent | 39996 | |
| Water rate | 184 | |
| Electricity | 2840 | |
| Telephone | 2336.65 | |
| Building Insurance | 329 | |
| Events | 0 | |
| Refreshments | 0 | |
| Training | 0 | |
| Printng | 0 | |
| Cleaning | 400 | |
| Donatons | 500 | |
| Equipments | 7351 | |
| Other costs | 0 | |
| Publicity | 0 | |
| Repairs & maintenance | 0 | |
| Bank charges | 0 | 54,537 |
| Surplus/(Defcits) | 25,574 |
15