2024-07-31-accounts

COMPANY REGISTRATION NUMBER: 06302788 CHARITY REGISTRATION NUMBER: 1120761

Marvellous Light Ministries International Company Limited by Guarantee Unaudited Financial Statements 31 July 2024

TTCA LTD

Chartered Accountants 269 Farnborough Road Farnborough Hampshire GU14 7LY

Marvellous Light Ministries International

Company Limited by Guarantee

Financial Statements

Year ended 31 July 2024

	Page
Trustees' annual report (incorporating the director's report)	1
Independent examiner's report to the trustees	4
Statement of financial activities (including income and
expenditure account)	5
Statement of financial position	6
Notes to the financial statements	7
The following pages do not form part of the financial statements
Detailed statement of financial activities	15

Marvellous Light Ministries International

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 31 July 2024

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 July 2024.

Reference and administrative details

Registered charity name Marvellous Light Ministries International Charity registration number 1120761 Company registration number 06302788 Principal office and registered 71-75 Shelton Street office Covent Garden London United Kingdom The trustees Archbishop M S Wilson M E Wilson K R Hopkins Company secretary M E Wilson Independent examiner Thomas Mc Manners BSc ACA ACMI 269 Farnborough Road Farnborough Hampshire GU14 7LY

1

Marvellous Light Ministries International

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 July 2024

Structure, governance and management

Structure

The legal name of the charity is: Marvellous Light Ministries International.

The Charity's areas of operation and UK charitable registration

The charity is registered in England and Wales with charity number 1120761 and company number 06302788.

Legal structure of the charity

The charity is constituted as a Charitable Incorporated Organisation established on 5 July 2007 and is governed by its memorandum and articles of association.

Governance

The administrative affairs of the ministry are managed on a day to day basis by Mrs M Wilson and its work is monitored and reviewed by Archbishop M S Wilson.

Objectives and activities

The objectives of the charity are to advance the Christian faith in accordance with the Ministry's Statement of Beliefs in Fleet, Hampshire and such other parts of the UK or the World as the Trustees may from time to time think fit. To fulfil such other purposes which are exclusively charitable within the UK, or the World, as the Trustees may from time to time think fit.

Strategic report

The following sections for achievements and performance and financial review form the strategic report of the charity.

Achievements and performance

Tithes and offerings have decreased this year due to a drop in donations from Quality Irrigation Limited. Nevertheless, we have increased our giving to Hedgehogs, a local charity based in Farnham who raise money to distribute to local residents and organisations in need and to increase our support for the Dugit Messianic Fellowship in Tel Aviv. We've also continued to make monthly donations to Open Doors, a Christian charity dedicated to the persecuted church worldwide as well as sending a one-off donation of £1,000 to Feed Israel to help alleviate the suffering of those families who have been moved from their homes in the north of the country. We have also given to our brothers and sisters in Nigeria through Bishop Fred Okhimamhe. Regular patient visits to hospitals and local care homes have also taken place.

Bishop Malcolm has continued to lead the Bishops and Archbishops in the Apostolic Church of St Thomas (Aramaic Rite) throughout the world and continued to send out weekly video messages to provide teaching, training and encouragement.

2

Marvellous Light Ministries International

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 July 2024

Financial review

Our policy is to hold a minimum of two months expenditure. This policy has been successfully met at the year end and is reviewed annually. Fixed expenditure is a low proportion of the charity's costs and this is therefore deemed an acceptable level of reserves.

Plans for future periods

We will continue to support local initiatives, giving help to poor and disadvantaged families in the area and it is our intention to expand our support for such charities.

The trustees' annual report and the strategic report were approved on 5 October 2024 and signed on behalf of the board of trustees by:

Archbishop M S Wilson

Archbishop M S Wilson Dr Malcolm Stuart Wlison (Oct 8, 2024,6:49pm) Trustee

3

Marvellous Light Ministries International

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of Marvellous Light Ministries International

Year ended 31 July 2024

I report to the trustees on my examination of the financial statements of Marvellous Light Ministries International ('the charity') for the year ended 31 July 2024.

Responsibilities and basis of report

As the trustees of the company (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 accounts of the company 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 charity’s accounts 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 confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

2. the financial statements do not accord with those records; or

3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or

4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (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 accounts to be reached.

Thomas Mc Manners BSc ACA ACMI Independent Examiner

269 Farnborough Road Farnborough Hampshire GU14 7LY

4

Marvellous Light Ministries International

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

Year ended 31 July 2024

		2024	2024	2023
		Unrestricted
		funds	Total funds	Total funds
	Note	£	£	£
Income and endowments
Donations and legacies	5	47,059	47,059	63,248
		────────	────────	────────
Total income		47,059	47,059	63,248
		════════	════════	════════
Expenditure
Expenditure on charitable activities	6,7	46,229	46,229	49,102
		────────	────────	────────
Total expenditure		46,229	46,229	49,102
		════════	════════	════════
		────────	────────	────────
Net income and net movement in funds		830	830	14,146
		════════	════════	════════
Reconciliation of funds
Total funds brought forward		78,115	78,115	63,969
		────────	────────	────────
Total funds carried forward		78,945	78,945	78,115
		════════	════════	════════

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

The notes on pages 7 to 13 form part of these financial statements.

5

Marvellous Light Ministries International

Company Limited by Guarantee

Statement of Financial Position

31 July 2024

		2024	2023
	Note	£	£
Fixed assets
Tangible fixed assets	12	535	1,071
Current assets
Debtors	13	823	502
Cash at bank and in hand		78,787	77,742
		────────	────────
		79,610	78,244
Creditors: amounts falling due within one year	14	1,200	1,200
		────────	────────
Net current assets		78,410	77,044
		────────	────────
Total assets less current liabilities		78,945	78,115
		────────	────────
Net assets		78,945	78,115
		════════	════════
Funds of the charity
Unrestricted funds		78,945	78,115
		────────	────────
Total charity funds	15	78,945 ════════	78,115 ════════

For the year ending 31 July 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

• The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorised for issue on 5 October 2024, and are signed on behalf of the board by:

Archbishop M S Wilson

Dr Malcolm Stuart Wlison (Oct 8, 2024,6:49pm) ~~Archbishop M S Wilson~~ Trustee

The notes on pages 7 to 13 form part of these financial statements.

6

Marvellous Light Ministries International

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 July 2024

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 71-75 Shelton Street, Covent Garden, London, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102.

As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102:

(a) No cash flow statement has been presented for the company.

(b) Disclosures in respect of financial instruments have not been presented.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements consist of the level of expenditure relating to the year, but not yet invoiced.

7

Marvellous Light Ministries International

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 July 2024

3. Accounting policies (continued)

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

• income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

• legacy income is recognised when receipt is probable and entitlement is established.

• income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.

• income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

8

Marvellous Light Ministries International

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 July 2024

3. Accounting policies (continued)

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

• expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.

• expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

• other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Equipment - 33% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

9

Marvellous Light Ministries International

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 July 2024

3. Accounting policies (continued)

Impairment of fixed assets (continued)

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

4. Limited by guarantee

The charity is a company limited by guarantee and has no share capital. The liability of the members in the event of the charity being wound up is limited to a sum not exceeding £10.

5. Donations and legacies

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2024	Funds	2023
	£	£	£	£
Donations
Cash donations	23,767	23,767	36,401	36,401
Donations under gift aid	9,620	9,620	11,040	11,040
Gift Aid	2,339	2,339	2,220	2,220
Grants
Stewardship	11,333	11,333	13,587	13,587
	────────	────────	────────	────────
	47,059	47,059	63,248	63,248
	════════	════════	════════	════════

6. Expenditure on charitable activities by fund type

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2024	Funds	2023
	£	£	£	£
Direct charitable activities	36,909	36,909	30,739	30,739
Support costs	9,320	9,320	18,363	18,363
	────────	────────	────────	────────
	46,229	46,229	49,102	49,102
	════════	════════	════════	════════

10

Marvellous Light Ministries International

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 July 2024

7. Expenditure on charitable activities by activity type

		Activities
	undertaken			Total funds	Total fund
		directly Support costs		2024	2023
		£	£	£	£
	Direct charitable activities	36,909	–	36,909	30,739
	Support costs	–	6,560	6,560	14,846
	Governance costs	–	2,760	2,760	3,517
		────────	───────	────────	────────
		36,909	9,320	46,229	49,102
		════════	═══════	════════	════════
8.	Net income
	Net income is stated after charging/(crediting):
				2024	2023
				£	£
	Depreciation of tangible fixed assets			536	868
				════	════
9.	Independent examination fees
				2024	2023
				£	£
	Fees payable to the independent examiner for:
	Independent examination of the financial statements			1,200 ═══════	1,200 ═══════

10. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as follows:	The total staff costs and employee benefits for the reporting period are analysed as follows:	The total staff costs and employee benefits for the reporting period are analysed as follows:
	2024	2023
	£	£
Wages and salaries	26,137	22,268
	════════	════════
The average head count of employees during the year was 3 (2023: 3). The average number of
full-time equivalent employees during the year is analysed as follows:
	2024	2023
	No.	No.
Number of staff - Charitable activities	3	3
	════	════

No employee received employee benefits of more than £60,000 during the year (2023: Nil).

11

Marvellous Light Ministries International

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 July 2024

11. Trustee remuneration and expenses

During the year Archbishop M S Wilson received remuneration of £18,137 (2023 £16,068) in respect of his services as a senior pastor and not for his services as a trustee.

Archbishop M S Wilson was also repaid £6,033 in respect of out of pocket expenses in the year (2023: £13,979). This includes £6,000 (2023: £5,978) for the use of his home from which to undertake church business.

.

12. Tangible fixed assets

			Equipment
			£
	Cost
	At 1 August 2023 and 31 July 2024		9,942
			═══════
	Depreciation
	At 1 August 2023		8,871
	Charge for the year		536
			───────
	At 31 July 2024		9,407
			═══════
	Carrying amount
	At 31 July 2024		535
			═══════
	At 31 July 2023		1,071
			═══════
13.	Debtors
		2024	2023
		£	£
	Other debtors	823	502
		════	════
14.	Creditors: amounts falling due within one year
		2024	2023
		£	£
	Accruals and deferred income	1,200	1,200
		═══════	═══════

12

Marvellous Light Ministries International

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 July 2024

15. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
		At			At
	1	August 2023	Income	Expenditure	31 July 2024
		£	£	£	£
General funds		78,115	47,059	(46,229)	78,945
		════════	════════	════════	════════
		At			At
	1	August 2022	Income	Expenditure	31 July 2023
		£	£	£	£
General funds		63,969 ════════	63,248 ════════	(49,102) ════════	78,115 ════════

16. Analysis of net assets between funds

	Unrestricted	Total Funds
	Funds	2024
	£	£
Tangible fixed assets	535	535
Current assets	79,610	79,610
Creditors less than 1 year	(1,200)	(1,200)
	────────	────────
Net assets	78,945	78,945
	════════	════════
	Unrestricted	Total Funds
	Funds	2023
	£	£
Tangible fixed assets	1,071	1,071
Current assets	78,244	78,244
Creditors less than 1 year	(1,200)	(1,200)
	────────	────────
Net assets	78,115	78,115
	════════	════════

13

Marvellous Light Ministries International

Company Limited by Guarantee

Management Information

Year ended 31 July 2024

The following pages do not form part of the financial statements.

14

Marvellous Light Ministries International

Company Limited by Guarantee

Detailed Statement of Financial Activities

Year ended 31 July 2024

	2024	2023
	£	£
Income and endowments
Donations and legacies
Cash donations	23,767	36,401
Donations under gift aid	9,620	11,040
Gift Aid	2,339	2,220
Stewardship	11,333	13,587
	────────	────────
	47,059	63,248
	────────	────────
	────────	────────
Total income	47,059	63,248
	════════	════════
Expenditure
Expenditure on charitable activities
Wages and salaries	26,137	22,268
Insurance	884	1,389
Other establishment	6,000	13,978
Other motor/travel costs	24	–
Legal and professional fees	1,293	1,266
Other office costs	828	627
Depreciation	536	868
Donations	8,650	5,900
Hospitality and entertainment	1,294	1,944
Payroll and other running costs	583	862
	────────	────────
	46,229	49,102
	────────	────────
	────────	────────
Total expenditure	46,229	49,102
	════════	════════
	────────	────────
Net income	830	14,146
	════════	════════

15

Issuer

Issuer Treetops Chartered Accountants Document generated Tue, 8th Oct 2024 11:14:02 BST Document fingerprint 472d3d416bc244aac19fc6aee5f8e38f

Parties involved with this document

Document processed

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Tue, 8th Oct 2024 18:49:48 BST Dr Malcolm Stuart Wlison - Signer (37661fecdea3e4d9fe73152fe1debe6d) Audit history log Date Action Tue, 8th Oct 2024 11:14:02 BST Envelope generated by Tracy Mair82.4.124.168 Tue, 8th Oct 2024 11:14:02 BST Document generated with fingerprint fcfdc244558b11f0d5a7a82de06c5d2682.4.124.168 Tue, 8th Oct 2024 11:14:02 BST Document generated with fingerprint 472d3d416bc244aac19fc6aee5f8e38f82.4.124.168 Tue, 8th Oct 2024 11:14:02 BST Document generated with fingerprint 786da58e03358eacdfabfab4581d4b6482.4.124.168 Tue, 8th Oct 2024 11:14:02 BST Document generated with fingerprint a72cf03f6d420d9c30bc1f54f8a21d1d82.4.124.168 Tue, 8th Oct 2024 11:18:58 BST Document emailed to [e-mail]13.43.109.77 Tue, 8th Oct 2024 11:18:58 BST Sent the envelope to Dr Malcolm Stuart Wlison ([e-mail]) for signing82.4.124.168

Tue, 8th Oct 2024 12:48:54 BST Tue, 8th Oct 2024 12:52:28 BST Tue, 8th Oct 2024 18:40:44 BST Tue, 8th Oct 2024 18:41:29 BST Tue, 8th Oct 2024 18:49:48 BST Tue, 8th Oct 2024 18:49:48 BST Tue, 8th Oct 2024 18:49:49 BST

Dr Malcolm Stuart Wlison opened the document email.66.249.81.7 Dr Malcolm Stuart Wlison opened the document email.66.249.81.7 Dr Malcolm Stuart Wlison opened the document email.66.249.81.5 Dr Malcolm Stuart Wlison viewed the envelope94.0.241.133 Dr Malcolm Stuart Wlison signed the envelope94.0.241.133 This envelope has been signed by all parties94.0.241.133 Dr Malcolm Stuart Wlison viewed the envelope94.0.241.133