SHALOM MINISTRIES INTERNATIONAL FINANCIAL STATEMENT FOR THE YEAR ENDED 31 MARCH 2023
## **SHALOM MINISTRIES INTERNATIONAL INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 MARCH 2023**
Trustee Report.
We certify that the attached Financial statements correctly reflects the charities activities for the financial year.
The trustees of the charity present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provision of the Statement of Recommended Practice (SORP) 'Accounting and Peporting by charities' issued in March 2005.
REFERENCE AND ADMINISTRATIVE DETAILS
## Registered Charity number 1092695
Registered office 24 Long Leave Stevenage Hertfordshire SG2 9AY
Trustees Mrs Sabrina MacCarthy Rev. Ben Osei Owusu Ansah Pastor Joy Ani
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitution
Recruitment and appointment of new trustees Two Board Members are nominated by two of the trustees
three persons may be co-opted. The elected members are elected for a period of Four years at a time Membership of the Charity is open to all the residents of the community and the general public Induction and training of new trustees
On appointment, new trustees to the charity are provided with copies of, or are directed to the Charity Commission briefing material covering a trustee's job description and what the Essential Trustee' needs to know. No formal training is deemed necessary for a new trustee. On the job training is deemed to be best method of trainng.
## 4…day of August 2023
Trustee;
Mrs Sabrina MacCarthy………………………………………………………..
## **SHALOM MINISTRIES INTERNATIONAL BALANCE SHEET AS AT 31 MARCH 2022**
|FIXED ASSETS
Plant and Equipments
Additions
Accummulated Depreciation
Fixtures and fittings
Accummulated Depreciation
CURRENT ASSETS
Bank
Cash in hand
NET CURRENT ASSETS
CURRENT LIABILITIES
Creditors
Payroll Liability
Accruals
Total Current Liabilities
Net Assets
Financed By
Ristricted Funds
Opening Balance Equity
Surplus/Deficit
Funds available to members|10576
-9563|2023
2022|
|---|---|---|
|||1,013
1,138
0
0|
||13771
-13771||
|||1,013
1,138|
|||83928
78,269
861
0|
|||84,789
78,269|
|||163
544
800
700|
|||963
1,244|
||||
|||84839
78163|
|||0
0
78,163
87,723
6,676
(9,560)|
|||84839
78163|
## **SHALOM MINISTRIES INTERNATIONAL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED**
|**MARCH 31, 2023**
**INCOMING RESOURCES**
**From Charitable Activities**
Gift and Donations
Gift Aid
Grant
**RESOURCES EXPENDED**
Charitable donations
Professional fees/Insurance
Administration Expenses
Pastorial /Events expenses
Ministerial expenses/ Leadership training
Depreciation
Payroll expenses
Motor expenses
Rent & Rates
Shalom centre expenses (Missions)
Welfare expenses
Dues and subscriptions
Bank charges
Advertising
Expensed equipments
Total Resources Expended
Surplus/Deficit|**RESTRICTED**
**UNRESTRICTED**
**FUNDS**
**FUNDS**|
|---|---|
||**2023**
**2022**
0
32,091
**28,213.05**
17,174
**0.00**
0
0
**2,492.49**|
||0
49,264
**30,706**|
||100
**100**
1,550
**700**
490
**250**
2,265
**1,200**
2,532
**970**
125
**125**
12,109
**10,223**
442
**0**
10,982
**6,045**
9,000
**18,980**
1,878
**1,050**
100
**600**
70
22
355
590|
||0
42,588
**40,265**|
||6,676
**(9,560)**|
||0
6,676
**(9,560)**|
## **SHALOM MINISTRIES INTERNATIONAL**
## **Report of Trustees**
Trustees;
Mrs Sabrina MacCarthy, Rev Ben Osei Owusu Ansah, Pastor Joy Ani
## **Minutes of the last meeting**
Minutes of the last meeting was read by Rev. Margaret MacCarthy.
## **Corrections and acceptance of minutes**
Pastor Margaret accepted the minutes seconded by Rev. Ben.
Pastor Margaret commented on the challenges during the year due to the pandemic. She commended the team for their hard work and also the support the church has been able to offer to members and the community.
The charity was able to invest in a new camera, lighting systems and a laptop to aid in internet connections and online streaming during lockdown. We were able to keep in touch with the community three times each week to pray, council and support the needy.
Pastor Margaret also said that, online leadership training and mentorship support and training seminars. Online training to support people on how to use social media; face book, what’s up. Google training to connect with people, start up online business etc.
Women’s meeting to address and discuss how to deal with singleness and loneliness.
Pastor Margaret and Pastor Joy share their concern on the issue of members not communicating with the church when they are unable to attendance meetings to be better supported.
## **Youth and Young Adult**
Online Classes are ongoing. Young adult sessions to prepare for university life
## **Sunday school**
Meetings with the children to discuss how they feel and how they are doing during home school.
## **Welfare**
Food bank - support to members and the community.
Supported drug and alcohol group in the community during the period
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF: SHALOM MINISTRIES INTERNATIONAL
I have examined and reported on the accounts of SHALOM MINISTRIES INTERNATIONAL for the year ended 31 March 2023.
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed. It is my responsibility to:
Examine the accounts under section 43 of the 1993 Act,
To follow the procedures laid down in the general Directions given by the Charity
Commission (under section 43(7)(b) of the 1993 Act, and
to state whether particular matters have come to my attention.
## **Basis of independent examiner's statement**
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below
## **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 41 of the 1993Act; and
- ~ To prepare accounts which accord with the accounting records and comply with the
Accounting requirements of the 1993 Act have not been met; or
2. To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed; gracedanso
Name; Grace Danso FCCA
Professional Body; ACCA