BREAKTHROUGH FAMILY MINISTRIES
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1[st] MAY 2023
CHARITY NUMBER: 1115688
BREAKTHROUGH FAMILY MINISTRIES 725 OLD KENT ROAD LONDON SE15 1JL
INDEX Page Index 1 Trustee’s Report 2-3 Independent Examiner’s Report 4 Receipts and Payments Account 5 Statement of Assets and Liabilities 6 Notes on the financial Statements 7
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BREAKTHROUGH FAMILY MINISTRIES
TRUSTEES’ REPORT YEAR ENDED 1[ST] MAY 2023
The trustees are pleased to present their report for the year ended 1[ST] May 2023 for the charity, Breakthrough Family Ministries with charity number 1115688..
The Trustees of the charity are: Rev Alex Sackey Mr Justin Abban
Ms Hannah Sackie
The principal address of the charity is: 725 Old Kent Road London
SE15 1JL
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity governing document is a declaration of trust that was executed 25[TH] June 2006 .The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.
OBJECTIVES AND ACTIVITIES
The Objects of the organisation are first to advance the Christian faith in accordance with the statement of beliefs for the benefit in the United Kingdom and in such other parts of the world as the trustees may think fit from time to time. The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.
ACHIEVMENTS AND PERFORMANCE
The Organisation held successful meetings through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. The organisation held several bible training conferences during the year in which individuals came from all around the country to attend. The organisation continues to run Christian radio and television programs monthly. The church is now holding services in 2 different locations.
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FINANCIAL REVIEW
The income of the charity is above £38,000. This is a good amount for this year of the charity the costs have been well managed over this period. The organisation is still in a good position to manage its costs. The main cost of the organisation was paying for the rent of its building that it uses for worship services and running special programs
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RESERVE POLICY
It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure .This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to maintain this level throughout the year.
RISK MANAGEMENT
The charity have assessed all the major risks 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 2011,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:
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Select suitable accounting policies and apply them consistently.
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Make judgements and estimates that are reasonable and prudent.
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State whether the applicable accounting standards have been followed.
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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 and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.
Approved by the Trustees on 9[th] November 2023 and signed on their behalf by:
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Independent Examiner’s Report To the Trustees
BREAKTHROUGH FAMILY MINISTRIES
I report on the accounts of the church for the year ended 1[ST] May 2023 set out on the following pages which have been prepared on the basis of the accounting policies shown in the corresponding 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. It is my responsibility to :
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Examine the accounts under section 145 of the 2011 Act.
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Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 145(5)(b) of the 2011 Act.
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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 I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In the course of my examination, no matter has come to my attention;
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(1) which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that:
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proper accounting records are kept( in accordance with section 130 of the 2011 Act
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accounts are prepared which agree with the accounting records and comply
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with the accounting requirements of the 2011 Act: or
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(2) to which , in my opinion , attention should be drawn in order to enable a proper understanding of the accounts to be reached
CHUKS AJUKA BSc(Man), FICB PMDip FRESH FIRE ORGANISATION 95 Miles Road Mitcham Surrey CR4 3FH
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BREAKTHROUGH FAMILY MINISTRIES
ACCOUNTS FOR YEAR ENDED 1st MAY 2023
1. Receipts & Payments Account(General Purpose Fund)
£
| Income Receipts Tithes and Offerings Interest Total Receipts Direct Charitable Expenditure Benevolent giving Accounting services Music services Church Building rent Stationary Welfare Printing & Advert Events Transport Television programs Supplies Speakers expenses Mission Insurance Media services Church programs Pension Refreshments Admin Other Expenditure Equipments Professional fees Wages Instruments Fixtures & Fittings Total Payments Net Receipts/(Payments) for the year Cash Funds at start of the year Cash Funds at end of the year |
2023 38060 0 38060 _ 0 0 1500 14335 0 4540 1020 2098 80 0 25 0 0 0 2515 0 420 0 0 26533 0 0 8564 0 0 8564 35097 2963 189 _ 3152 |
2022 35131 0 35131 _ 2110 300 3525 6405 256 2455 1901 0 100 320 0 2930 750 444 360 2683 420 210 427 25596 931 1096 5000 3669 300 10996 36592 -1461 1650 _ 189 |
|---|---|---|
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Breakthrough Family Ministries
| **2 ** | .Statement of Assets and Liabilities | at 1st May 2023 | |
|---|---|---|---|
| 2023 | 2022 | ||
| Cash Funds | Unresticted | ||
| Funds £ | £ | ||
| Cash at hand and at bank | 3152 | 189 | |
| ___ | ___ | ||
| Total Cash Funds | 3152 | 189 | |
| ___ | ___ | ||
| Assets Retained for the | |||
| Charity's Own use | |||
| Fixtures & Fittings | 405 | 506 | |
| Musical Instruments | 3088 | 3860 | |
| Equipment | 2546 | 3182 | |
| ___ | ___ | ||
| 6039 | 7548 | ||
| Liabilities | |||
| Bookkeeping services | 300 | 300 |
Approved by the Trustees and signed on their behalf:
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Breakthrough Family Ministries
ACCOUNTING POLICIES
Basis of Accounting
These accounts have been prepared on the receipts and payments basis under Charities Act 2011
Funds
Unrestricted funds are those which can be used at the Trustees' discretion. Restricted Funds are those whose purposes have been restricted by the donor.
Trustees' Remuneration
No trustee was employedby the charity during the financial year. All work carried out during the financial year was carried out by voulunteers.
Depreciation
Depreciation is calculated at 20% reducing balance method
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