## **Miracle Christian Centre International Ltd**
**Charity No. 1111444**
**Company No. 04978824**
**Trustees' Report and Unaudited Accounts**
**31 December 2022**
**Miracle Christian Centre International Ltd Contents**
||Pages||
|---|---|---|
|Trustees' Annual Report|2 to 3||
|Independent Examiner's Report||4|
|Statement of Financial Activities||5|
|Summary Income and Expenditure Account||6|
|Balance Sheet||7|
|Notes to the Accounts|8 to|11|
|Detailed Statement of Financial Activities|12|to|
Page 1
**Miracle Christian Centre International Ltd Trustees Annual Report**
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 December 2022.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Company No. 04978824**
## **Charity No. 1111444**
## **Registered Office**
Unit 2 Capital Business Park Manor Way Borehamwood Hertfordshire WD6 1GW
## **Directors and Trustees**
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
M. Anderson K.A. Mcleod K. Millie-James D. Ngoma E.E.K. Okai N.N. Roach
## **Company Secretary**
K. Millie-James
## **OBJECTIVES AND ACTIVITIES**
The Charity's object and its principal activity is for the advancement of the Christian religion in the United Kingdom and overseas, and to relieve persons in conditions of poverty, sickness and distress.
_The Charity operates as a church in the Watford area and currently has approximately 100 members who attend regular services. The Church also welcomes up to 20 visitors on a regular basis who are able to donate to the charity. It is hope that these visitors will become members._
_The Charity raises money through regular tithes from members, and by offerings from members and visitors. Some of the funds are used to assist members of the church who may be in financial hardship, and donations are made to other small charities as determined by the Trustees. The Charity also supports overseas missions, orphanages and schools primarily in Jamaica and Venezuela._
The Charity is organised so that the trustees meet regularly to manage its affairs.
Page 2
Miracle Christian Centre International Ltd
Trustees Annual Report
Public b8nefit
As a small charity, below the Charities Act's audll threshold, the report focuse8 on the maln actlvlties
undertaken by the charity to further its eharitable purposes for the public benefit. The 'Objectlve8 and
Activltles, section ot the report provlde a bilef summary of activitle8 undertaken together with a
conflrmatlon that the Irustees have had regard to the charitles commlssion guldance on publlc benellt, in
particular Ihe guldance on charitles for the advancement of relilllon, when plannlng thelr actwltles. Further
more detalled informatlon about the activiti8s and thelr success ts provlded In the 'Achlevements and
Pertomance, 8ectlon of Ihe report.
ACHIEVEMENTS AND PERFORMANCE
Development, activities and achievemenls thls year
The trustees ¢onslder thal the performances of the Charlty In the yeai to date is on an Improvlng trend.
compared to the previous year, and It18 envl8aged that the performance wlll contlnue lo improve year on
year, demon8trated by an inGiea3e in our bank cash balance8.
FINANCIAL REVIEW
Investment policy and obiectives
Under the memorandum and artlcle8 of association, the Charlty ha8 the power to mak8 any investment
whlch the trustees see$ flt. No declslons hav8 been made as yet. However, the Charlty has 8aved a
considerable sum to go towards the purchase ot a bulldlng of thelr own.
PLANS FOR FUTURE PERIODS
The charlty alms to purcha8e thelr own church buildlng.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charlty Is controlled by Its oovernlng document, a deed of trust, and constltute8 a Ilmited company,
Ilmited by guaranlee. a8 deflned by the Companle8 Act 2006.
The Trustee8 are responsible for keeping proper accountlng records that dlsclose wlth reasonable accuracy at
any tlme the financlal PO8ltlon of the charlty and to 8nable them to ensure that the financial statements
comply wlth the Companies Act 2006. The Trustees are also iesponslble for safeguardlng ihe assets of the
charliy and henGe taklng reasonable steps lor the preventlon and detection of fraud and other Irregularities.
The above report ha$ be8n prepared In accordance wlth Ihe pFovl3lon3 appliGable to companle8 8ubiecl lo
the small companles iegirne as Set out In part15 of the Companles Act 2006 and In accordance wlth the
Charltles SORP IFRS 1021.
Slgned on behall of the board
K.A. Mcleod
Trustee
04 August 2023
Page 3
**Miracle Christian Centre International Ltd Independent Examiners Report**
## **Independent Examiner's Report to the trustees of Miracle Christian Centre International Ltd**
I report to the charity trustees on my examination of the financial statements of Miracle Christian Centre International Ltd for the year ended 31 December 2022 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet and the related notes.
## **Responsibilities and basis of report**
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:
- accounting records were not kept in accordance with section 386 of the 2006 Act ; or
- the financial statements do not accord with those records; or
- the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
- the financial statements have not been prepared in accordance with the Charities SORP (FRS 102).
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 financial statements to be reached.
Vishal Patel ICAEW VPC Accountants Limited 101 Brookdene Avenue Greater London WD19 4LG 04 August 2023
Page 4
**Miracle Christian Centre International Ltd Statement of Financial Activities**
## **for the year ended 31 December 2022**
|**Notes**
**Income and endowments**
**from:**
Donations and legacies
4
Investments
5
**Total**
**Expenditure on:**
Raising funds
6
Other
7
**Total**
Net gains on investments
**Net income**
8
Transfers between funds
**Net income before other**
**gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**2022**
**£**
177,443
260|**Total funds**
**2022**
**£**
177,443
260|**Total funds**
**2021**
**£**
194,550
-|
|---|---|---|---|
||177,703
56,233
4,060|177,703
56,233
4,060|194,550
45,741
3,175|
||60,293
-|60,293
-|48,916
-|
||117,410
-|117,410
-|145,634
-|
||117,410|117,410|145,634|
||117,410
318,872|117,410
318,872|145,634
269,875|
||436,282|436,282|415,509|
Page 5
**Miracle Christian Centre International Ltd Summary Income and Expenditure Account**
## **for the year ended 31 December 2022**
|Income
Interest and investment income
**Gross income for the year**
Expenditure
Depreciation and charges for
impairment of fixed assets
**Total expenditure for the year**
Net income before tax for the year
**Net income for the year**|**2022**
**£**
177,443
260
177,703
56,233
4,060
60,293
117,410
117,410|**2021**
**£**
194,550
-|
|---|---|---|
|||194,550|
|||142,378
3,175|
|||145,553|
|||48,997|
|||48,997|
Page 6
Miiacle Christian Centre Internatlonal Ltd
Balance Sheet
al 31 Dec8mber 2022
Company No. 04978824
Notes
2022
2021
Fixed assets
Tanglble assets
10
23,005
23,005
17,991
17,991
Current assets
Debtors
Cash at bank and In hand
11
22,044
293,089
315,133
{6.540}
308,593
331.598
331,598
331,598
22,044
285,377
307,421
{6.540}
300,881
318,872
318,872
Creditor8- Amount falllng due withln one year
Net current aetS
Total assets less current liabllltles
Net assets excluding pension assel or Ilabllity
Total net as3et8
12
318,872
The funds of the charity
Restricted lunds
Unresiricted funds
General fundg
13
13
331,598
331,598
318,872
318,872
Reserves
13
Tolal f unds
331,598
318.872
These accounls have been preplied In accordance with Ihe Special provl8lon8 Ot Part 15 of the Companies
Act 2006 relatlng to small companies.
For Ihe year ended 31 December 2022 the company wa8 entltled to exemptlon under sectSon 477 01 the
Companies Act 2006 ielatlno 10 8mall companies.
The member8 have not reoulred the company to obtaSn an audlt In accordance with $ectlon 476 of the
Companle8 Act 2006.
The dlrectors acknowledge thelr fe8pon$lbllllle8 for Complying with the requirements Ot the Companles Act
2006 wlth re8pect to accounting fecords and the preparallon of accounts.
Approv8d by the board on 04 August 2023
And 8lgned on Its behalf by..
KA. Mcleod
Trustee
04 August 2023
Paue 7
**Miracle Christian Centre International Ltd Notes to the Accounts**
## **for the year ended 31 December 2022**
- 1 **Accounting policies**
## **Basis of preparation**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Exenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & equipment - 15% reducing balance
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## 2 **Company status**
The company is a private company limited by guarantee and consequently does not have share capital.
Page 8
**Miracle Christian Centre International Ltd**
**Notes to the Accounts**
## 3 **Statement of Financial Activities - prior year**
|3
**Statement of Financial Activities - prior year**||||
|---|---|---|---|
|**Income and endowments from:**
Donations and legacies
**Total**
**Expenditure on:**
Raising funds
Other
**Total**
**Net income**
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
4
**Income from donations and legacies**
5
**Income from investments**
_Interest income_|**Unrestricted**
**£**
177,443
177,443
**Unrestricted**
**£**
260
260|**Unrestricted**
**funds**
**2021**
**£**
194,550
194,550
142,378
3,175
145,553
48,997
48,997
48,997
269,875
318,872
**Total**
**2022**
**£**
177,443
177,443
**Total**
**2022**
**£**
260
260|**Total funds**
**2021**
**£**
194,550|
||||194,550
142,378
3,175|
||||145,553|
||||48,997|
||||48,997|
||||48,997
269,875|
||||318,872|
||||**Total**
**2021**
**£**
194,550|
||||194,550|
||||**Total**
**2021**
**£**
-|
||||-|
Page 9
**Miracle Christian Centre International Ltd Notes to the Accounts**
## 6 **Expenditure on raising funds**
## **Unrestricte**
|_Fundraising trading costs_
Visiting pastors
Ministers expenses
Mission expenses
Travel and subsistence
7
**Other expenditure**
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
8
**Net income before transfers**
This is stated after charging:
Depreciation of owned fixed assets
9
**Staff costs**
No employee received emoluments in excess
10 **Tangible fixed assets**
**Cost or revaluation**
At 1 January 2022
Additions
At 31 December 2022
**Depreciation and**
**impairment**
Depreciation charge for the
year
Impairment
At 31 December 2022
**Net book values**
At 31 December 2022|**d**
**£**
12,848
39,720
3,665
60,899
of £60,000.|**Endowment**
**£**
-
-
-
4,666
-
**Unrestricted**
**£**
4,060
4,060
**2022**
**£**
4,060|**Total**
**2022**
**£**
12,848
39,720
3,665
4,666
60,899
**Total**
**2022**
**£**
4,060
4,060
**£**
63,604
9,074
72,678
45,613
4,060
49,673
23,005|**Total**
**2021**
**£**
5,265
38,984
1,492
2,785|
|---|---|---|---|---|
|||||48,526|
|||||**Total**
**2021**
**£**
3,175|
|||||3,175|
|||||**2021**
**£**
3,175
**£**
63,604
9,074|
|||||72,678|
|||||45,613
4,060|
|||||49,673|
|||||23,005|
Page 10
## **Miracle Christian Centre International Ltd Notes to the Accounts**
|11 **Debtors**
Trade debtors
Other debtors
12 **Creditors:**
amounts falling due within one year
Accruals
13 **Movement in funds**
**Restricted funds:**
**Unrestricted funds:**
**General funds**
**Total funds**
14 **Analysis of net assets between funds**
Fixed assets
Net current assets
15 **Reconciliation of net debt**
Cash and cash equivalents
Net debt|**At 1**
**January**
**2022**
318,872
318,872|**2022**
**£**
18,000
4,044
22,044
**2022**
**£**
6,540
6,540
**Incoming**
**resources**
**(including**
**other**
**gains/losses)**
**£**
177,703
177,703
**At 1 January**
**2022**
**£**|**Resources**
**expended**
**£**
(164,977)
(164,977)
**Unrestricted**
**funds**
**£**
23,005
308,593
331,598
**Cash flows**
**£**|**2021**
**£**
18,000
4,044|
|---|---|---|---|---|
|||||22,044|
|||||**2021**
**£**
6,540|
|||||6,540|
|||||**At 31**
**December**
**2022**
**£**
331,598|
|||||331,598|
|||||**Total**
**£**
23,005
308,593|
|||||331,598|
|||||**At 31**
**December**
**2022**
**£**|
|||285,377|7,712|293,089|
|||285,377
285,377|7,712
7,712|293,089|
|||||293,089|
## 16 **Related party disclosures**
## _**Controlling party**_
A company in which Mrs K Millie-James is a director, Sovereign Associates Limited. Accounting fees of £nil (2021: £nil) were paid.
Page 11
**Miracle Christian Centre International Ltd Detailed Statement of Financial Activities**
## **for the year ended 31 December 2022**
|**Income and endowments from:**
Donations and legacies
Investments
**Total income and endowments**
**Expenditure on:**
Costs of other trading activities
**Total of expenditure on raising**
**funds**
General administrative costs,
including depreciation and
amortisation
Depreciation of
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net income**
**Net income before other**
**gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**2022**
**£**
177,443
177,443
260
260
177,703
12,848
39,720
3,665
56,233
56,233
4,060
4,060
4,060
60,293
-
117,410
117,410
-
117,410
318,872
436,282|**Total funds**
**2022**
**£**
177,443
177,443
260
260
177,703
12,848
39,720
3,665
56,233
56,233
4,060
4,060
4,060
60,293
-
117,410
117,410
-
117,410
318,872
436,282|**Total funds**
**2021**
**£**
194,550|
|---|---|---|---|
||||194,550|
||||-|
||||-|
||||194,550
5,265
38,984
1,492|
||||45,741|
||||45,741
3,175|
||||3,175|
||||3,175|
||||48,916
-|
||||145,634|
||||145,634
-|
||||145,634|
||||269,875|
||||415,509|
Page 12