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2021-12-31-accounts

MIRACLE CENTRE ASSEMBLIES OF GOD (UK) Reports and Financial Statements 31ST DECEMBER 2021

Legal and administrative information

Status

Registered charitable organisation since 28 April 2005

Board of Trustees

Rev. Alexander Donkor Rev/Mrs Paulina Donkor Mr Kofi Ntim Mr Nelson Gomelesio Mr Kofi Kyei-Mensah-Osei Mr George Evans Amuzu Mr Frederick Amponsah

Registered Charity No

Registered office address

1109266 Miracle Centre Assemblies of God UK 11 Cuckoo Hall Lane LONDON Edmonton N9 8DH

Bankers

Barclays, Charity Bank

Accountants

AL Accounting Solutions Limited Chartered Certified Accountants 21A Brighton Road South Croydon Surrey CR2 6EA

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MIRACLE CENTRE ASSEMBLIES OF GOD (UK) Reports and Financial Statements 31ST DECEMBER 2021

Trustees Report

The Trustees' present their annual account for the year ended 31ST DECEMBER 2021.

INTRODUCTION:

In this 2021 Trustees report for MCAG, we will try to cover areas of interest and importance; we will throw more light on the following areas;

Areas of operation: Our branches; Trustee’s management committee; our programme of activities; the executive committee; COVID19 and impact on Church activities, voluntary activities, monitoring & evaluation and finally challenges. We will hope to be able to present a reasonable report.

AREAS OF OPERATION:

MCAG UK as an international organisation currently operates in the United Kingdom, Wales and Northern Ireland. However, it has always been our wish and plans to extend our services and efforts into other parts of the world whenever and however possible.

BRANCHES & MEMBERSHIP:

The organisation consists of 4 main branches currently operating in London, and situated in the following locations; Tottenham, Barking, Watford and Northolt. Branches membership was affected by the Covid19 pandemic bringing the total permanent members down from 340 to 232 and the visiting non-members also from 70 to 52.

The breakdown/ numerical strength of the branches was as follows

  1. Tottenham Branch =122

  2. Barking Branch. =36

  3. Northolt Branch. =39

  4. Watford Branch. =35

BOARD OF TRUSTEES:

The Charity has a seven-member Board of trustees, whose responsibility span from managing the affairs of the Charity, keeping and managing the finance and inventory as well as steering it to achieve its set objectives for each year. The trustees are equitably elected ensuring all branches are represented. They hold office for 4 years and are eligible for re-election. They are;

Rev. Alexander Donkor Rev/Mrs. Paulina Donkor. Mr Kofi Ntim Mr Nelson Gomelesio Mr Kofi Kyei-Mensah-Osei Mr George Evans Amuzu Mr Frederick Amponsah

EXECUTIVE COMMITTEE:

The Charity has a three (3) member clergy team also known as the Executive Committee as follows;

  1. Rev Alexander Donkor - General Overseer

  2. Rev Mrs Pauline Donkor - Treasurer

  3. Rev. Adolph Ashiagbor – Administrator

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MIRACLE CENTRE ASSEMBLIES OF GOD (UK) Reports and Financial Statements 31ST DECEMBER 2021

Trustees Report: Program of activities continued..

THE CLERGY (Branch Pastors)

There are also other pastors who act as the spiritual leaders and head OF the branches, thereby complementing the efforts of the Executives. They are as follows;

Tottenham - Rev Mrs Pauline Donkor Barking - Pastor Michael Darko Watford - Pastor Adolf Ashiagbor Northolt - Bro Kofi Ntim. (Lay Pastor)

Their main responsibilities included seeing to the spiritual development, guidance, counselling of the members and any member of the public who required their services.

They spearheaded our usual provision of Counselling services, advice on parenting and family life as well as Career guidance to all who were effectively in need. These services continued to be so very important in the lives of many individuals and families.

FINANCE TEAM .

A three-member Finance Team is in charge of managing the Church’s finance under the supervision of the Trustees.

They are;

  1. George Evans Amuzu

  2. Elizabeth Assesoh

  3. Edmond Tieku.

PROGRAMME OF ACTIVITIES:

The Trustees managed and organised the under listed activities during the year under review. (2021) Board Meetings:

During the year, the Trustees had four (4) Physical face to face meetings and four (4) virtual emergency meetings to discuss and deliberate on issues pertaining to the smooth running of the organisation.

Our Tottenham, Barking and Northolt branches organised one (1) major rally and Health Screening for about 38 members of the church. This was under the auspices of the Women ministry directorate; they also gave talks on “Knowing how High blood pressure and Diabetes affect us”. Experts from the UK Nurses Association facilitated the program which was held at the church auditorium on the 30[th] of October, 2021. Our Northolt branch also organised a Talk programme, themed “Parenting and Child abuse” by a senior child social work practitioner on 16[th] May 2021, this was well attended with some members of the general public also coming along. The Northolt branch women’s ministry also organised a programme on “Maintaining a good marriage life in a good home” on 23[rd] August 2021.

JOINT EXECUTIVES & TRUSTEES MEETING:

There were two (2) Joint Executives Committee and Board of Trustees Meetings, which facilitated the purchase of the Church Building at Edmonton, 11 Cuckoo Hall Lane.

COVID19 and its impact:

Due to the COVID 19 pandemic, we conducted most charity activities online until early April when arrangement on the church building was completed.

The above had impacted on our income in a way however, due diligence was applied to correspond. Expenditures was reduced and brought under control, as a result, we managed to run the year successfully without any deficit.

GIFT AID: 2021

The Charity in 2021 claimed a total of £25,009.26 as gift aid from the HMRC to support its activities.

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MIRACLE CENTRE ASSEMBLIES OF GOD (UK) Reports and Financial Statements 31ST DECEMBER 2021

Trustees Report: Program of activities continued..

VOLUNTARY ACTIVITIES WITHIN THE FELLOWSHIP AND IN THE COMMUNITIES:

During the year, 29 volunteers across the branches served in different capacities. Some of their activities included;

Distribution of relief items; directing and assisting people during events, caring and supporting children, distributing gospel materials, serving children’s meals, teaching at our various children and Sunday school services, radio ministry and assisting the elderly people who needed help. Others supported elderly and lonely people in their shopping and other domestic chores.

Each person volunteered for at least 3 hours every week. . Intercessory and prayer meetings:

This is an on-going activity in which several people who have various spiritual, social and other related problems freely and voluntarily sought assistance from the Charity. The Charity supported them in; counselling, prayers, financial and material needs.

FUND RAISING

The Charity’s main fund-raising activity is usually organised during Easter, July and December of each year; and this year was no exception. Members freely contributed and during the period, a total of £65,665.00 was realised from the above to support the charities activities. This was besides monthly tithe, Offertory and other individual contributions. 
Besides all those activities, the Charity also intensified preaching and evangelical work throughout the year on Face book life, free conference call medium and zoom meetings alongside the Sundays physical face to face meetings.

YOUTH RECREATIONAL ACTIVITIES

Due to the COVID19, there were no much community activities for the youth during the period under review, however, each second Sunday was pinned down as youth week, where all activities were youth led and youth centred. Our Barking branch also organised a Trip to the London Zoo in October 2021, for the children and youth in the church, and a Christmas dinner at a local restaurant for all members on 26[th] Dec 2021.

DONATIONS TO CHARITY OUTSIDE UK

There were no external donations last year due to some circumstances beyond our control .

SUPPORTING BEREAVED FAMILIES:

We were able to provide financial and emotional support to members who were bereaved throughout the period; most of these bereaved families had a lot to bear due to their losses and we saw the need to help with counselling and financial reliefs.

During the year, 9 members were bereaved. A total sum of £5,900.00 was used in supporting these Individuals and their families.

COVID19 VICTIM`S SUPPORT:

As a way of supporting our members who were economically affected due to the march COVID19 and its effects of reduction in income, loss of bread winner or loss of job, the charity supported over 59 members with relief items such as groceries, rent subsidies support for funerals and other social interventions costing the charity £20,900.00.

PURCHASE OF CHURCH BUILDING.

The process of purchasing a church building was started in July 2020. As at the time of compiling this report THE CHURCH HAS PURCHASED A PLACE OF WORSHIP at the cost of £900.00, with the support of a loan of £565,500.00(70% of the cost price) from the Charity Bank. Deposit of £334.500 (30% of the cost price) was paid from the churches’ own resources. The Church Building is located at 11 Cuckoo Hall Lane Edmonton N9 8DH. Exchange of the above property was done on 10[th] of February 2021. We have since started using the place for

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MIRACLE CENTRE ASSEMBLIES OF GOD (UK)

Reports and Financial Statements 31ST DECEMBER 2021

Trustees Report: Program of activities continued..

INCOME AND OTHER BENEFITS FROM THE CHURCH BUILDING

It`s worth noting that, having a place of worship of our own, has drastically reduced our expenditure on rent. We have also used part of the garage as storage and also, we have another church using the church building when we are not using it. That gives us an income of minimum, £1,200.00 each month.

In another development, new members have started joining, and commitment and dedication of members has increased tremendously.

LEADERSHIP TRAINING:

There was one Leadership training sessions for 28 (28) leaders of different categories within the charity.

MONITORING AND EVALUATION:

We can affirm that the trustees are monitoring every activity of the Charity, monitoring tools such as weekly checks, proper and judicious use of funds, following laid down financial practices and procedures monitoring visits and periodic review of practices are in place to ensure conformity and probity.

CHALLENGES :

As it can normally happen in organisation of same nature, the Trustees faced few challenges in the discharge of their duties throughout the year; however, our achievements overshadowed the challenges. We have in any case mapped out new strategies to improve upon the past achievements.

Statement of trustees' responsibility

Charity regulations requires the trustees to prepare financial statements that give a true and fair view of the charity's financial activities during the year and its financial position at the end of the year.

In doing so the trustees are required to:-

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with applicable law, regulations and the trust deed. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and

By order of the Board

……………………………….

George Amuzu Trustee

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MIRACLE CENTRE ASSEMBLIES OF GOD (UK) Reports and Financial Statements 31ST DECEMBER 2021

Independent Examiner's report to the Trustees for the year ended 31ST DECEMBER 2021.

I report to the trustees on my examination of the accounts of the above charity for the above period.

Responsibilities and basis of report:

As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement:

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Alhassan Bangura FCCA AL Accounting Solutions 21A Brighton Road South Croydon Surrey CR2 6EA

Date.....................................................

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MIRACLE CENTRE ASSEMBLIES OF GOD (UK)

Reports and Financial Statements

Statement of Financial Activities (including Income and Expenditure Account) for the year ended 31ST DECEMBER 2021

Unrestricted
Funds
Notes
£
Incoming resources:
Voluntary income
149,515
Gift Aid Claims
25,099
Investment income
61
Total Incoming resources
174,675
Resources Expended:
5
136,902
Total Resources Expended
136,902
Net Surplus / (Deficit) for the year
37,773
Opening funds
357,035
Closing Funds
394,808		 Total
Funds
2021
£
149,515
25,099
61
174,675
136,902
136,902
37,773
357,035
394,808		 Total
Funds
2020
£
243,295
64,084
1,017
308,396
155,293
155,293
153,103
203,932
357,035

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MIRACLE CENTRE ASSEMBLIES OF GOD (UK) Reports and Financial Statements

Balance Sheet as at 31ST DECEMBER 2021

Fixed assets
Freehold Premises at cost
Other Fixed Assets
Current assets:
Cash at bank
Less: Current Liabilities
Mortgage Loan
Net Assets
Represented by:
Unrestricted funds		 Notes
2
3
4		 2021
£
900,000
39,745
31,131
(10,568)		 2021
£
939,745
20,563
(565,500)
394,808
394,808
394,808		 2020
£
-
7,118		 2020
7,118
358,450
(8,533)
349,917
-
357,035
357,035
357,035

Signed on behalf of the trustees

……………………………….

Date: ....................................................

George Amuzu Trustee

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MIRACLE CENTRE ASSEMBLIES OF GOD (UK) Reports and Financial Statements

Notes forming part of the financial statements for the year ended 31ST DECEMBER 2021

1 Accounting policies

a) The accounts (financial statements) have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019.

b) Voluntary income is received by the way of donations towards religious tithes and offerings. Donations received is included in full in the Statement of Financial Activities in the year in which they are received.

c) Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered.

d) Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life as follows:

-Plant & Machinery 20% Reducing balance

e) Unrestricted funds are donations and other incoming resources received for the objects of the charity without further specified purpose and are available as general funds.

f) Restricted funds are to be used for specific purposes as laid down by the donor.

2 Other Fixed Assets

Leasehold
Equipment &
Improvements
Furniture
£
£
Cost:
As at 1 Jan 2021
-
50,687
Addition
21,519
17,010
As at 31 Dec 2021
21,519
67,697
Depreciation:
As at 1 Jan 2021
-
43,569
Charge
1,076
4,826
As at 31 Dec 2021
1,076
48,395
Net Book Value:
As at 1 Jan 2021
-
7,118
As at 31 Dec 2021
20,443
19,302		 Total
£
50,687
38,529
89,216
43,569
5,902
49,471
7,118
39,745

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MIRACLE CENTRE ASSEMBLIES OF GOD (UK) Reports and Financial Statements

Notes forming part of the financial statements for the year ended 31ST DECEMBER 2021

3
Creditors: amount falling due
within one year
Accruals
Other taxes and social security
4.
Mortgage Loan
Balance brought forward
Addition
Less: Repayment
Add: Interest plus adjustment
Balance carried forward
5
Resources Expended
Honararium & Members Welfare
Outreach & Events
Salaries, wages & pension cost
Allowances & other staff cost
Rent, Rates & Utilities
Vicarage Cost
Telephone & Internet
Travelling & motor expenses
Bank Charges & Interest
Repairs & Renewals
Books, Clergy Items & consumables
Insurance & Licences
Mortgage Loan Interest
Depreciation
Legal & Professional Fees
Accountancy Fees
Total		 2021
Total
£
2,700
7,868
10,568
2021
£
-
565,500
(14,365)
14,365
565,500
2021
Total
£
6,200
10,865
49,676
14,601
4,290
13,200
1,298
255
868
500
-
7,227
14,365
5,902
4,619
3,036
136,902		 2020
Total
£
2,580
5,953
8,533
2020
£
-
-
-
-
-
2020
Total
£
14,600
11,722
50,045
19,831
16,420
13,200
1,271
1,551
778
-
2,703
2,278
-
1,780
15,850
3,264
155,293

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Registered Charity No: 1109266

MIRACLE CENTRE ASSEMBLIES OF GOD (UK)

Reports and Financial Statements Year ended 31ST DECEMBER 2021

AL Accounting Solutions Limited Chartered Certified Accountants 21A Brighton Road South Croydon Surrey CR2 6EA

MIRACLE CENTRE ASSEMBLIES OF GOD (UK) Reports and Financial Statements

Contents

Page No
1 Legal and administrative information
2-5 Trustees Report
6 Independent Examiners Report
7 Statement of Financial Activities
8 Balance Sheet
9-10 Notes forming part of the financial statements