2022-03-31-accounts - Jesus Miracles Ministries

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

JESUS MIRACLES MINISTRIES

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2022

JMM Financial Report 2021-22

JESUS' MIRACLES MINISTRIES

Trustees:

Mrs. Michelle P. Macadangdang Mr. Erwin F. Bustos Mrs. Angelita O. Gatus

Secretary: Mrs. Hazell Faye Balhon Bankers: Lloyds/Tsb Bank Southwark Branch 69 Borough High Street London SE1 1NQ Charity No.: 1042437 Registered Address: 41 Wakefield Street Eastham London E6 1NG

JMM Financial Report 2021-22

JESUS' MIRACLES MINISTRIES

REPORT OF THE Trustees:

The Trustees submit their report together with the unaudited financial statements for the period ended 31 March 2022. The organisation was registered as a charity on 29 November 1994.

Objectives:

The objectives of the organisation are those of the advancement of the Christian Religion.

Review of the Activities:

The future of Jesus' Miracles Ministries depends on the continued support of its members and the Trustees would seek to ensure that this support would be available in the foreseeable future.

Trustees:

The following served as Trustees during the year:

Mrs. Michelle Macadangdang Mr. Erwin F. Bustos Mrs. Angelita Gatus

Statement of Trustees' Responsibilities

The Trustees are required to prepare financial statement for each financial year, which gave a true and fair view of the state of affairs of the company as at the end of the financial year and the surplus or deficit of the company for that period. The Trustees confirm that appropriate accounting policies have been used and applied consistently, and reasonably and prudent judgments have been made, in the preparation of the financial statements for the period ended 31 March 2022. The Trustees also confirm that the company will continue to provide services for the foreseeable future.

The Trustees are responsible for maintaining adequate accounting records, for safeguarding the assets of the company, and for taking reasonable steps to prevent and detect fraud and other irregularities.

BY ORDER OF THE BOARD

MRS. ANGELITA GATUS Secretary Dated:

JMM Financial Report 2021-22

JESUS' MIRACLES MINISTRIES

Notes to the Financial Statements 31 March 2019

1. Accounting Policies

The following accounting policies have been used consistently in dealing with items which are considered material in relation to the financial statements.

Basis of Accounting

The financial statements have been prepared under the historical cost convention in accordance with applicable accounting standards, except that the company has taken advantage of the exemption in Financial Reporting Standard No. 1 from producing cashflow statement on the grounds that it is a small company.

Income

Turnover represents all the amounts due for the year whether or not actually received in the year.

Depreciation

Depreciation is provided at the rates calculated to write off the cost or valuation, less estimated residual value of each asset over the expected useful life as follows:

Office/Musical Equipt. - 25% Furniture, Fixtures & Fitt. 25%

2. Fixed Assets

2. Fixed Assets
	Office/Musical	Furniture,Fixture		Total
	Equipment		&Fittings
	£		£	£
Cost
Book Value1 April 2021	58.52		9.92	68.44
Addition	0.00			0.00
Depreciation
Chargeforthe year	14.63		2.48	17.11
Net Book Value 31 Mar 22	43.89		7.44	51.33

JMM Financial Report 2021-22

JESUS' MIRACLES MINISTRIES DETAILED INCOME AND EXPENDITURE ACCOUNT For the Year Ended 31 March 2022

TURNOVER Direct Debit Tithes on Bank Statements Deposited Collections Naca Repairs Donations Camp Refund F. Ogang Rent ADMINISTRATION EXPENSES Salaries NACA Teachers Mission Support Cabuyao Church Lot Bereavement Donation Love Gift Building Leases JMM Cebu Church Repairs Bank Correction Aviva Insurance Augustus Accountant Fees Bookkeeping Prof. Fees Payroll Fees HMRC/Inland Revenue Sage UK Microsoft Subscriptions, Laptop Petty Cash Reimbursements Parking Depreciation of fixed Assets SURPLUS / (DEFICITS)	2022 £ 32,463.74 38,579.90 280.00 844.50 2,400.00
	74,568.14
	20,040.00 8,600.00 2,280.00 9,000.00 2,750.00 4,120.00 29,940.00 500.00 423.00 300.00 1,200.00 1,000.00 100.00 2,856.00 100.80 1,257.67 450.00 638.44 240.19 7.44 85,803.54
	(11,235.40)

JMM Financial Report 2021-22

JESUS' MIRACLES MINISTRIES DETAILED INCOME AND EXPENDITURE ACCOUNT For the Year Ended 31 March 2022

TURNOVER ADMINISTRATION EXPENSES SURPLUS / (DEFICITS)	2022 £ 74,568.14 85,803.54

	(11,235.40)

JMM Financial Report 2021-22

JESUS' MIRACLES MINISTRIES BALANCE SHEET AT 31 MARCH 2022

Fixed Assets Tangible Assets Note 2 Current Assets Cash at bank and in hand Less creditors Total Assets Less Current Liabilities Represented by: Accumulated Fund Balance 1 April 2021 Income and Expenditure Account	2022 51.33 39,952.21 40,003.54
	51,238.94 -11,235.40
	40,003.54

Signed by Trustees & Secretary

Angelita Gatus Secretary

Michelle Macadangdang Trustee

(On holiday) Erwin F. Bustos Trustee

JMM Financial Report 2021-22