2020-09-30-accounts

THE MISSIONARY SOCIETY OF ST PAUL

FINANCIAL STATEMENTS For the period end September 2020

CONTENTS

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||| |---|---| |PAGE| |Contents|1| |Cover Letter from Treasurer to Charity Commission|2| |Cover Letter from Director to the Trustees|3| |Directors / Trustees and Professional Advisor|4| |Directors / Trustees Annual Report|5| |Independent Examiner’s Report|6| |Income and Expenditure|7| |Balance Sheet & Audit Exemption|8|

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The Missionary Society of St Paul

United Kingdom Mission The Rosary Catholic Church

6 Knowle Close

London

SW9 0TQ

25 June 2021

The Charity Commission,

P. O. Box 1329 Liverpool L69 3DY

Dear Sir/ Madam,

FINANCIAL REPORT FOR THE PERIOD ENDED 30[TH] SEPTEMBER 2020.

I write to formally present to you the Financial Report of the period ended 30[th] September 2020 as requested by the Charity Commission.

The twelve months’ accounts have been prepared following our Society end of year account.

Yours Sincerely,

Rev Noel Ugoagwu - MSP MSP Mission Treasurer

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The Missionary Society of St Paul United Kingdom Mission The Rosary Catholic Church 6 Knowle Close

London SW9 0TQ

Email: [e-mail] Website: www.mspfathers.org

25 June 2021

Trustees

The Missionary Society of St Paul, United Kingdom.

RE: FINANCIAL REPORT FOR THE PERIOD ENDED 30[TH] SEPTEMBER 2020 TO CHARITY COMMISSION

I write formally to present to you a copy of the Financial Report of the period ended 30[th] September 2020, which I have presented to the Charity Commission.

I enclose copies of the report for your records.

With all good Wishes,

Yours Sincerely,

Rev Innocent Abonyi, MSP UK Mission Superior

Cc: Charity Commission

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DIRECTORS/TRUSTEES AND PROFESSIONAL ADVISORS OF THE MISSIONARY SOCIETY OF ST PAUL

The company’s Directors/Trustees for the period to 30[th] September 2020 were:

Rev Innocent Abonyi, MSP Rev Fr Joseph Udoh Rev Moses Amune MSP Rev Eustace Ikechukwu Durugbo, MSP Mr Clive Stuart Bird

Committee Chairman (Director) Committee Member (Director) Committee Member (Director) Committee Member (Director) Committee Member (Director)

REPORTING ACCOUNTANTS

BANKERS

Anthony Michael & Associates Ltd Accountants and Management Consultants 147 Wells Way London. SE5 7SZ Barclays Bank 41 Woolwich New Road Woolwich London SE18 6ET

REGISTERED OFFICE The Rosary Catholic Church 6 Knowle Close London SW9 0TQ COMPANY NUMBER 05331487 CHARITY NUMBER 1107997

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DIRECTORS / TRUSTEES REPORT THE MISSIONARY SOCIETY OF ST PAUL DIRECTORS / TRUSTEES ANNUAL REPORT

The directors present their Annual Report to the members, together with the financial statements for the period end 30[th] September 2020.

CHARITY INFORMATION

The Missionary Society of St Paul is a company limited by guarantee. It is also registered as a charity with charity Registration No 1107997

Telephone: [phone] Email: [e-mail] Website: www.mspfathers.org

THE PRINCIPAL ACTIVITY

The object of the company is for the benefit of the public and to advance and promote the Christian faith throughout the world by such means being charitable as the trustees shall in their absolute discretion think fit.

DIRECTORS/ TRUSTEES

The directors/trustees of the company and their interests in the guarantee of the company are set out below. Each director/trustee is liable by guarantee to the amount of five pounds (£5.00) only.

TRUSTEES MANAGEMENT AND THEIR RESPONSIBILITIES

Company law requires the trustees to prepare financial statements for each financial year/period, which gives a true and fair view of the state of affairs of the Company and of the surplus or deficit of the company for that year/period. In preparing the financial statements, the trustees are required to:

• Select suitable accounting policies and then apply them consistently;

• Make judgements and estimates that are reasonable and prudent;

• Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the company will continue in operation.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statement complies with the Companies Act 1985. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the preparation and detection of fraud and other irregularities.

Approved by the board of trustees on …… June 2021… By Order of the Board

…………………………… Rev Innocent Abonyi, MSP

Cc: Rev Fr Joseph Udoh Rev Moses Amune MSP Rev Eustace Ikechukwu Durugbo, MSP Mr Clive Stuart Bird

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INDEPENDENT EXAMINER’S REPORT

THE MISSIONARY SOCIETY OF ST PAUL

We have examined the Balance Sheet and the Income and Expenditure Account of Missionary Society of ST PAUL for the period to 30[th] September 2020. This account has been prepared in accordance with the Financial Reporting Standard for Smaller Entities and under historical cost convention.

Respective Responsibility of the Trustees and Independent Examiner

The charity’s trustees are responsible for the preparation of the accounts. You consider that the audit requirements under section 43(2) of the Charities Act 1993 (the Act) does not apply. It is our responsibility to state, on the basis of procedures in the General Directions given the Charity Commissioners under section 43(7)(b) of the Act whether particular matters have come to our attention.

Basis of independent examiner’s report

Our 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 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 you as the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts.

Independent Examiner’s Statement

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

(1) Which gives us reasonable cause to believe that in any material respect the requirements:

• to keep accounting records and

• to prepare accounts which accord with the accounting records and to comply with the accounting requirements.

have not been met; or

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

…………………………………..

Michael Danso FCCA, MBA MSc Anthony Michael & Associates Ltd Accountant & Management Consultants 147 Wells Way, London SE5 7SZ

25 June 2021

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THE MISSIONARY SOCIETY OF ST PAUL

A STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2020

Incoming Resources Donations and Legacies Incoming resources Other resources Total Incoming Resources Resources Expended Charitable activities Direct charitable expenses Total Resources expended Net Income for the year Fund Balances as at 1 April 2019 Balance as at 31 March 2020	Unrestricted Fund - 2020 £ 832 316,815 0 317,647 403,997 403,997 -86,350 208,170 121,820	TOTAL 2019 £ 0 334,471 0 334,471 391,587 391,587 -57,116 265,286 208,170

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THE MISSIONARY SOCIETY OF ST PAUL

BALANCE SHEET

FOR THE YEAR ENDED 30 SEPTEMBER CURRENT ASSETS Cash in Hand and Bank Provision for liabilities Total Net Assets FINANCED BY: Balance B/Forward Balance for the Year Total Net Liabilities	2020 £ 226,191 -98,820 127,371 213,721 -86,350 127,371	2019 £ 331,750 -96,330 235,420 265,286 -57,116 235,420

AUDIT EXEMPTION

For the year ending 30[th] September 2018, the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 477 of the companies Act 2006

The director’s acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.

Signed by Rev Innocent Abonyi Signed by Rev Noel Ugoagwu

………………………… ……………………… Mission Superior Mission Treasurer

25 June 2021 25 June 2021

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