2024-03-31-accounts - International Plenitude Ministries

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

INTERNATIONAL PLENITUDE MINISTRIES

ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2024 REGISTERED CHARITY NUMBER: 1102592

INTERNATIONAL PLENITUDE MINISTRIES

80 CUMBERLAND HOUSE

SCRUBS LANE LONDON NW10 6RF

Index Trustee’s Report Independent Examiner’s Report Statement of Financial Activities Balance Sheet Notes on the Financial Statements	INDEX	PAGE
		2 3-4 5 6 7 8

INTERNATIONAL PLENITUDE MINISTRIES

TRUSTEE’S REPORT

YEAR ENDED 31[ST] MARCH 2024

The trustees are pleased to present their report for the year ended 31[st] March 2024 for the charity, International Plenitude Ministries with Charity Number 1102592.

The Trustees of the charity are:

Rev Edelmar Messias Candido Mr Lucas Da Fonseca Mrs Carmen Pereira Mrs Andrea Da Mata

The principal address of the charity is: 80 Cumberland House

Scrubs Lane London NW10 6RF

STRUCTURE, GOVERNANCE AND MANAGEMENT

The charity governing document is a constitution that was adopted on 28[th] January 2004. Charity is governed by a committee on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.

OBJECTIVES AND ACTIVITIES

The objectives of the organisation are first to advance the Christian Religion (in accordance with the Statement of Beliefs). The trustees confirm that they have had due to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.

ACHIEVEMENTS AND PERFORMANCE

The organisation held successful conferences through the year in which individuals were equipped end educated on the principles and doctrines of the Christian faith. The church also started new congregations during the year. It now meets in three different locations for its meetings. The church also held conferences both in Italy, Portugal and Spain during the year which were very successful. It continues to support the mission work in Italy and Portugal.

FINANCIAL REVIEW

The income of the charity is now £ 208,918. This is a good amount for this year of the charity and includes the Gift Aid; the costs have been well managed over this period. The income maintains the same level as previous year. The charity has used more resources to cover missions to Italy, Portugal and Spain. The costs have been well managed during this year.

RESERVE POLICY

It is the policy of the charity to maintain unrestricted funds, which are the reserves of the charity at about three months of unrestricted expenditure. This provides sufficient funds to cover any emergency expenditure that may arise from time to time. The charity will seek to maintain this level throughout the year.

RISK MANAGEMENT

The charity has assessed all the major risk to which the charity is exposed to, in particular those related to operations and finances of the charity and are satisfied that systems are in place to mitigate exposure to major risks.

TRUSTEE RESPONSIBILITIES

Under the Charities Act 1993, the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:

Select suitable accounting policies and apply them consistently.
Make judgements and estimates that are reasonable and prudent.
State whether the applicable accounting standards have been followed.
Prepare financial statements on an ongoing basis.

They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time to ensure that such accounts comply with the Charities Act 1993. They also have a responsibility to safeguard the assets of the church and to keep reasonable steps to detect fraud or other irregularities.

Approved by the Trustees on 10[th] January 2025 and signed on their behalf by:

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES

INTERNATIONAL PLENITUDE MINISTRIES

I report on the accounts of the church for the year ended 31[st] March 2024 set out on the following pages.

Respective responsibilities of trustees and examiner

The trustees of the church are responsible for the preparation of accounts: they consider that the audit requirement under section 144 (2) of the Charities Act 2011 (the 2011 Act), does not apply and that an independent examination is needed.

Having satisfied myself that the church is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Examine the accounts under section 145 of the 2011 Act.
Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 145(5) (b) of the 2011 Act.
State whether particular matters have come to my attention.

Basis of Independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the church 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 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 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 the course of my examination, no matter has come to my attention:

Which give me reasonable cause to believe that in any material aspect the trustees have not met the requirements to ensure that:
Proper accounting records are kept (in accordance with section 386 of the Act 2006)
Accounts are prepared which agree with the accounting records and comply with the accounting requirements of the section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities

have not been met; or

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

Claudia Patricia Giraldo FCCA Landline: 020 81506244

INTERNATIONAL PLENITUDE MINISTRIES

Statement of Financial Activities for the Year Ended 31[ST] March 2024

Incoming resources from generated funds Voluntary Income Other Income Gift Aid Tax Total Incoming Resources Resources Expended Charitable Activities in furtherance of objectives Cost of Activities Grants Payable Governance Costs Total Resources Expended Net Movement in funds Total Funds brought forward Total Funds Carried forward	Unrestricted Funds £ 172,088 36,830 208,918 228,669 0 0 228,669 (19,751)	Total Funds 2024 2023 £ £ 172,088 167,905
		36,830 30,378
		208,918 198,283 228,669 217,469 0 0 0 0 228,669 217,469 (19,751) (19,186) 32,612 12,861

The above funds are all classed as to purpose

All movements of funds and all recognised gains and losses are included above

INTERNATIONAL PLENITUDE MINISTRIES

Balance Sheet as at 31st March 2024

		2024	2023
Fixed Assets	Note	£	£
Tangible fixed assets		0	0
		0	0
Current Assets
Cash at bank and in hand		12,861	32,617
Debtors & prepayments		0	0
		12,861	32,617
Creditors: amounts falling due within one year
Creditors & accruals		0	0
Net Current Assets		0	0
Net Assets		12,861	32,617
Unrestricted Funds
General Fund		12,861	32,617
TOTAL FUNDS		12,861	32,617

Approved by the trustees on 10[st] January 2025 and signed on their behalf by:

The notes on these accounts form part of these accounts

INTERNATIONAL PLENITUDE MINISTRIES Notes to the Accounts for the Year Ended 31[ST] March 2024

1) Accounting Policies

The financial statements are prepared under the historic cost convention (as modified by the revaluation of fixed assets investments) and in accordance with applicable accounting standards: Statement of Recommended Practice: Reporting and Accounting by Charities issued March 2005 and provisions of the Charities Act 1993. Significant policies adopted are:

Incoming Resources

Incoming resources are recognised in the statement of financial activities when entitlement has passed to the charity and the amounts are certain and measurable. Any incoming resources received that relate exclusively to future periods are deferred in the Balance Sheet.

Resources Expended

Expenditure is recognised in the statement of financial activities when a liability is incurred or increased without a commensurate increase in recognised assets or a reduction in liabilities.

Allocation of Costs

Direct Activity Costs those costs that contribute directly to an activity and are allocated to the relevant activity.

Support Costs comprise those costs that are necessary to deliver an activity but in themselves do not produce or deliver an activity. Support costs are allocated to activities based on the direct salary costs of the activity compared with total activity salary costs.

Governance costs are those costs incurred to meet statutory and constitutional requirements.

Funds

Restricted funds represent income received that is subject to restrictions on use as determined by the donor which are narrower than the general objects. Designated funds represent funds set aside by the Trustees for specific purposes. General funds are those funds made available for the charity’s general objects.

Depreciation

Items of equipment over £500 are capitalised and depreciated to write off costs in equal instalments over their useful lives. Rates are set at equipment 5 to 10 year.