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← Miracle Christian Centre International Limited

2023-12-31-accounts

Charity registration number 1111444

Company registration number 04978824 (England and Wales)

MIRACLE CHRISTIAN CENTRE INTERNATIONAL LTD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

MIRACLE CHRISTIAN CENTRE INTERNATIONAL LTD

LEGAL AND ADMINISTRATIVE INFORMATION

Secretary

Mrs Karen Millie-James

Directors and Trustees M. Anderson K.A. Mcleod K. Millie-James D. Ngoma E.E.K. Okai N.N. Roach Charity number 1111444 Company number 04978824 Registered office Unit 2 Capital Business Park Manor Way Borehamwood Hertfordshire UK WD6 1GW Independent examiner VPC Accountants Limited Sanjita Bhavan 101 Brookdene Avenue Watford Greater London WD19 4LG

MIRACLE CHRISTIAN CENTRE INTERNATIONAL LTD

CONTENTS

Page
report 1 - 2
Independent examiner's report 3
Statement of financial activities 4
Balance sheet 5
Notes to the financial statements 6 - 8

MIRACLE CHRISTIAN CENTRE INTERNATIONAL LTD

REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023

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.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the 's [governing document], the Companies Act 2006 and "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 2019).

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.

Public benefit

As a small charity, below the Charities Act’s audit threshold, the report focuses on the main activities undertaken by the charity to further its charitable purposes for the public benefit. The ‘Objectives and Activities’ section of the report provide a brief summary of activities undertaken together with a confirmation that the trustees have had regard to the charities commission guidance on public benefit, in particular the guidance on charities for the advancement of religion, when planning their activities. Further more detailed information about the activities and their success is provided in the ‘Achievements and Performance’ section of the report.

Achievements and performance

Development, activities and achievements this year

The trustees consider that the performances of the Charity in the year to date is on an improving trend, compared to the previous year, and it is envisaged that the performance will continue to improve year on year, demonstrated by an increase in our bank cash balances.

Financial review

Investment policy and objectives

Under the memorandum and articles of association, the Charity has the power to make any investment which the trustees sees fit. No decisions have been made as yet. However, the Charity has saved a considerable sum to go towards the purchase of a building of their own.

Plans for future periods

The charity aims to purchase their own church building.

Structure, governance and management

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

MIRACLE CHRISTIAN CENTRE INTERNATIONAL LTD REPORT (INCLUDING DIRECTORS. REPORn (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 The report was apwoved by the Board of. Mr Keith Anthony Mdeod Trust•• Date..

MIRACLE CHRISTIAN CENTRE INTERNATIONAL LTD

INDEPENDENT EXAMINER'S REPORT

TO THE OF MIRACLE CHRISTIAN CENTRE INTERNATIONAL LTD

I report to the on my examination of the financial statements of Miracle Christian Centre International Ltd (the ) for the year ended 31 December 2023.

Responsibilities and basis of report

As the of the (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 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 the ’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable 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 confirm that no matters have come to my attention in connection with the examination giving 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 financial statements to be reached.

VPC Accountants Limited

Sanjita Bhavan 101 Brookdene Avenue Watford Greater London WD19 4LG

Dated: .........................

MIRACLE CHRISTIAN CENTRE INTERNATIONAL LTD

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2023

Unrestricted Unrestricted
funds funds
2023 2022
Notes £ £
Income from:
Donations and legacies 2 136,317 177,443
Investments 3 1,155 260
Total income 137,472 177,703
Expenditure on:
Raising funds 4 161,439 160,917
Charitable activities 3,451 4,060
Total expenditure 164,890 164,977
Net income/(expenditure) and movement in funds (27,418) 12,726
Reconciliation of funds:
Fund balances at 1 January 2023 331,598 318,872
Fund balances at 31 December 2023 304,180 331,598

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

MIRACLE CHRISTIAN CENTRE INTERNATIONAL LTD BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Notes Flxed assets Tangible assets 19,554 23,005 Current assets Debtors Cash at bank and in hand 127.944 175.403 22.044 293,089 303.347 315.133 Creditors: amounts falllng du• wlthln on& year 118,721) 18,5401 N•t current assots 284,626 308,593 Total assgts less current Ilabllltle8 304.180 331,598 Net assets excludlng penslon Ilablllty 304,180 331,598 The funds ol th• Unrostricled fund8 304,180 331,598 304.180 331,598 The company is entitled lo the exemption from the aLKlil requlr8menl ccmtained in section 477 of thg Companlès Act 2006. lor the year ended 31 December 2023. The director$ acknowledge thelr ￿SponSi￿.1￿.es for comptying wrth the requirements of th& Companles Act 2008 wtth respect lo accounting ￿e0rdS and the prepafalKJn of financial slalemenls. The rn6mbers have not required the company to obtan an audtt of its financial statements for the y￿r in questlon in accordance wlh Section 476. These financial statements have ts￿1 wepared in accordance with the prOvI￿on$ appllcable to companle$ subject lo the small companies regime. The financlal slalemenls were 8pproved by the on .L4.7 -c>% - Mr Keith Anthony Mclec¥J Tru$t¢• Company registration number 04978824 {England and ￿￿les)

MIRACLE CHRISTIAN CENTRE INTERNATIONAL LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

1 Accounting policies

1.1 Accounting convention

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.

1.2 Charitable funds

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.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the .

1.3 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.

1.4 Expenditure

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.

1.5 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings 15% reducing balance

1.6 Taxation

The charity is exempt from corporation tax on its charitable activities.

1.7 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

MIRACLE CHRISTIAN CENTRE INTERNATIONAL LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

2 Income from donations and legacies

Unrestricted Unrestricted
funds funds
2023 2022
£ £
Donations and gifts 136,317 177,443
3 Income from investments
Unrestricted Unrestricted
funds funds
2023 2022
£ £
User definable Investment income heading 1 1,155 260
4 Expenditure on raising funds
Unrestricted Unrestricted
funds funds
2023 2022
£ £
Fundraising and publicity
Other fundraising costs 161,439 160,917
5 Tangible fixed assets
Fixtures and
fittings
£
Cost
At 1 January 2023 72,678
At 31 December 2023 72,678
Depreciation and impairment
At 1 January 2023 49,673
Depreciation charged in the year 3,451
At 31 December 2023 53,124
Carrying amount
At 31 December 2023 19,554
At 31 December 2022 23,005

MIRACLE CHRISTIAN CENTRE INTERNATIONAL LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

6 Debtors

Debtors
Amounts falling due within one year:
Trade debtors
Other debtors		 2023
£
-
127,944
127,944		 2022
£
18,000
4,044
22,044

7 Creditors: amounts falling due within one year

Corporation tax payable
Other taxation and social security
Trade creditors
Accruals and deferred income		 2023
£
(100)
(1,531)
15,352
5,000
18,721		 2022
£
-
-
-
6,540
6,540

8 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1
General funds
Previous year:
At 1
General funds		 January
2023
Incoming
resources
Resources
expended
At 31
December
2023
£
£
£
£
331,598
137,472
(164,890)
304,180
January
2022
Incoming
resources
Resources
expended
At 31
December
2022
£
£
£
£
318,872
177,703
(164,977)
331,598