Registered number: 06294487 Charity registration number: 1121590 ## **FAITH MIRACLE CHURCH TRUSTEE'S REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** ## **George Osei MBA(Global), ACMA, CGMA, CIPFA** Director KLS TAX & ACCOUNTING LIMITED Office 15B 316E Ilford Lane Ilford Essex IG1 2LT ## **Faith Miracle Church Director's Report and Unaudited Financial Statements For The Year Ended 31 March 2021** ## **Contents** |**Contents**|| |---|---| ||**Page**| |Company Information|1| |Trustee's Report|2 - 8| |Independent's Report|9| |Income and Expenditure Account|10| |Balance Sheet|11| |Notes to the Financial Statements|12—15| |The following pages do not form part of the statutory accounts:|| |Detailed Income and Expenditure Account|16—17| **Faith Miracle Church Trustee Report For The Year Ended 31 March 2021** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Registered Company number** 6294487 (England and Wales) ## **Registered Charity number** 1121590 ## **Registered office** John Raphael House Coburg Road Wood Green N22 6UB ## **Independent Examiner** **George Osei** Mba(Global), ACMA, CGMA, CIPFA Director KLS Tax & Accounting Limited Office 15B 316E Ilford Lane Ilford Essex IG1 2LT ## **Solicitors** Thorton Law 6 Duke Street London W1U 3EN ## **Bankers** Barclays Bank PLC Chiswick Branch Chiswick High Road London W4 2EA The Co-operative Bank PLC P O Box 200 Skelmersdale WN8 6GH ## **Trustees** Charles Muotto (Chair of Trustees) Julie Chukwudi Emmanuel Achomadu Babatunde Mustapha Mojisola Okuwoga Kingsley Ofigho Psychiatric Nurse Teacher Director Care Services Civil Servant Director Pharmacy Company Business Owner ## **Company Secretary** Patricia Muotto Regional Government Manager Page 2 **Faith Miracle Church Trustee Report (Continue) For The Year Ended 31 March 2021** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Central Executive Committee** Pastor Moses Omoviye **Senior Pastor** Postal address Faith Miracle Centre John Raphael House Coburg Road Wood Green London N22 6UB Pastor Okechukwu Okoro **Resident Pastor & Executive** Deaconess Glory Udeh **Pastoral Team & Executive** Godson Jnr. Nnorom **Treasurer & Executive** Pastor Ugochukwu E Achomadu **Pastoral Team & Executive** Chioma Omoviye **Pastoral Team & Executive** Pastor Osamede Ogiemwanre **Resident Pastor & Executive** Pastor Richard Chukwudi **Pastoral Team & Executive** Charles Muotto **Executive** **E mail address** : info@faithmiraclechurch.org.uk **Website:** www.faithmiraclechurch.org.uk Page 3 **Faith Miracle Church Trustee Report (Continue) For The Year Ended 31 March 2021** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of 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). ## **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. ## **Recruitment and appointment of new trustees** The Trustees are trustees for the purposes of the Charities Act 1993 and are directors under the Companies Act 1985. There must be at least three at any given time and up to seven Trustees, some can be nonmembers of the charity. The Trustees of the charity are to appoint the Trustees at the Annual General Meeting. A vacancy in the number of the Trustees may also be filled during the Charity's AGM. Each of the Trustees shall retire with effect from the conclusion of the Annual General Meeting next after his or her appointment but shall be eligible for re-election at that Annual General Meeting. Currently FMC has seven Trustees. The Trustees normally hold three meetings a year at which a quorum of three members is required to be formed. They have the responsibility for setting the strategic aims of the charity and for approving its annual budget and accounts. The Trustees regularly review their needs for skills to meet the requirements of their strategic aims and, where necessary, identify potential new members for the Board. ## **Organizational structure** The Trustees delegate the day to day running of the charity to the Senior Pastor and the Central Executive Committee. Quarterly joint meetings are held to discuss updates regarding the progress towards achieving the company's strategic aims. ## **Induction and training of new trustees** All new Trustees are provided by the Chairman and or the Central Executive committee with an induction about the operations or workings of the Charity/Company. Training needs are kept under review by Trustees at their meetings. ## **Wider network** FMC is linked to other ministries and missions most of which are based on the African continent. These ministries include Global Christian Fellowship, the Valley Mission Project, Full Compassion Ministries. ## **Related parties** FMC is a member of the Evangelical Alliance, Faith Works, Prayer Haringey and the Haringey Association of Voluntary and Community Organizations Page 4 **Faith Miracle Church Trustee Report (Continue) For The Year Ended 31 March 2021** ## **OBJECTIVES AND ACTIVITIES** ## **Objectives** 1. The Advancement of the Christian Faith 2. Releasing potential within the Fellowship 3. The Relief of Financial Hardship and Relief of Sickness 4. Advancement of Education ## **Significant activities** Faith Miracle Church seeks to be inclusive of and welcoming to all persons of all cultures and nationalities. Its activities and events are advertised in social media, through printed literature and members’ personal contacts where they communicate their faith. Most activities are open to members and non-members on a no-cost basis. In addition to regular Sunday and weeknight services FMC meets monthly for a protracted time of prayer and preaching. Each month also commences with a 6 a.m. prayer session. The church often welcomes visitors on these occasions and sometimes hosts visiting preachers and speakers. ## In summary, Faith Miracle Church seeks to: - Provide grants for the relief of sickness and to promote health in the UK and abroad - Set up educational activities encouraging health and well-being - Contribute to organisations serving needs in the UK and abroad - Respond to known individual needs (students, bereaved and family financial difficulties) ## **Volunteers** Members are encouraged to participate in service to the fellowship. Wherever possible members have been given suitable responsibilities within the church community. In addition, many members give their time and talents to regularly work in the church, benefitting from learning new skills and gaining experience in administrative and social aspects of running a church. Every effort has been made to identify abilities and provide a path of training which is both educational and developmental so that a two-way benefit for the good of the church and for the individual is realized. Volunteers are helped towards recognizing and working towards fulfilling their potential. FMC may provide some financial help where appropriate. ## **Fellowship** – The strong sense of family involvement includes focused ministries for married men, women, young adults, youth and children. Practical and biblical teaching, fun activities, sport, music and drama provide a healthy and effective vehicle for learning and growing together. As a church the need for fellowship is of great importance to us and as such we had to find new ways during this financial year in which the entire 12months was disrupted with the Covid-19 pandemic and churches where not allowed to gather in person for fellowship. We moved our fellowship to online platform and thank God that we were still able to have couples seminars online, run once a week youth fellowship on Zoom every Sunday evening at 5pm, run our Sunday services and Wednesday Liberation teaching services online through our YouTube channel and Facebook page. In this period members have received emotional, spiritual and practical support in times of dare need for a lot of people and we have found ways to also share their good times together with them. The caring ethos of FMC is consciously reinforced by its leadership and this shined through in the height of lockdown and major restrictions in the UK. FMC applied for a grant which was used to supply big bags of food stuff to over 150 households across London, Northampton, Newcastle, Manchester and parts of Scotland etc. Some of these households are made up of more than 5 people, some with elderly and vulnerable individuals in them. ## **The advancement of education** – Due to the pandemic and lockdown restrictions, FMC was unable to hold its usual annual business support seminar, Life coaching and Mentoring but we supported and advanced education by buying Chrome books which we distributed to young people who were homeschooling but had no device to use as their parents could not afford one for them. This project was such a blessing to our community as we literally put smiles not just on the faces of the children but also on the faces of their entire families. In order to carry out all these, volunteering from our members to help out with administrative, computer and media activities helped us a great deal. As the reliance on I.T increased during the pandemic, we took it upon ourselves as a church to begin a free I.T training program for those who not I.T literates to give them some basics so they are not left behind in the fast changing world. This has been very successful with a number of people trained till date and the program is continuing on into the next financial year. Page 5 **Faith Miracle Church Trustee Report (Continue) For The Year Ended 31 March 2021** ## **Internal & External factors** ## Internal We have good up to date teaching facilities for adults and children The environment is safe and meets good standards of cleanliness The facilities are suitable for events and functions Full time staff: Senior Pastor Media Administrator Consultant: Office Administrator ## **OBJECTIVES AND ACTIVITIES** ## External North London - Location is in a busy part of North London with excellent amenities. - Close to the church is a Piccadilly line underground station. - The area is served by a number of bus routes. - The shopping centre is very busy and at present undergoing some modernization and redevelopment. - We have external support and interdependent relationships with other organizations and churches in the community - Wood Green is subject to an area regeneration plan with consultation taking place with Haringey Council - We have external support from Haringey Voluntary services, the Evangelical Alliance and members of Faith Works - Most of our services were streamed from this location during this financial year. South London: Services were streamed virtually to comply with the Covid-19 central government safety guidance. Services were not held at South London as the media facilities were not available. Members from South London were able to join the virtual services with members from North London and people internationally also. **Church Services** – As certain Covid rules were relaxed allowing for a few people to gather, Faith Miracle Church services took place at our north London allowing only a few people to come in complying with safe distancing and other Covid-19 safety measures while other members where encouraged to continue to join in through the online livestreaming platforms. During this period, a booking system was created for those who want to attend in-person services to prebook their sits online to help manage the numbers allowed to come into the building. Sunday Church services are well-managed by members and leadership collaborating to provide excellent opportunities to meet for worship and to give expression to their faith. Key departments of the fellowship have opportunity to lead or participate in services when appropriate. A growing group in Harlow Essex could not meet in-person but they joined virtual services and attended services in North London when in person gatherings were permitted. Membership classes would usually take place in the course of the year to explain: - _basic aspects of Christian belief_ - _benefits and responsibilities of individuals within the church,_ - But this could not happen this year due to the Covid-19 lockdown restrictions. When Covid-19 restrictions are lifted then smaller weeknight gatherings can be organized in designated homes. These less formal meetings encourage and foster relationships at local level and help build confidence and knowledge of the scriptures. Some of such gatherings include: - The Discipleship Class is a course of advanced Bible Study. - The School of Ministry is a program to develop and equip future leaders and the realization of ministry gifts. Page 6 ## **Faith Miracle Church Trustee Report (Continue) For The Year Ended 31 March 2021** ## **ACHIEVEMENT AND PERFORMANCE** Although this is a financial year that will be remembered by many as the Covid-19-year, Faith Miracle Church has seen a positive and exciting area of growth in the life of the church and has impacted in developing virtual services and events. The church has become so online compliant that we are able to reach so many people beyond our borders and for this we are grateful to God for His help through a tough period for many organizations. Risk assessments were undertaken for in person services to comply with Covid19 guidance in north London. Members have become more aware of abilities, responsibilities and opportunities to take the gospel message to a greater and widening circle maximizing the use of technology to live stream services and pre-record activities. The Senior Pastor along with the pastoral executive officers have worked tirelessly to foster and maintain high quality of teaching and regular links to international ministries. Funding was secured from the Lottery to conduct virtual IT classes to build skills in using technology and buy Chrome books which were distributed to support children for homeschooling. There has continued to be vibrant and enthusiastic growth with the online services. We are continuing to build key relationships with a wider community membership and to diversify and extend the support we offer in the local community, using technology this was achieved by streaming fellowship services, IT classes, Talk with the Mrs., marriage seminars, liberation and Sunday School sessions. **Events** – These generally have followed the church calendar with only just a few programs unable to be carried out as they would have required people coming together to execute. Christian celebrations and festivals were observed. Seminars and training programs to support the organization’s policies and activities took place. Other notable events included: - _Prayerfest attracting many visitors from outlying areas within the UK and outside of the UK_ - _Easter Convention_ - _End of Year Breakthrough Summit with an emphasis on praise with music ministers from outside of the UK_ - _Mothers and Fathers Days celebrations – (managed by women, Children and Men’s Departments)_ The Liberation Services has continued to provide an avenue of advanced Bible study and serious commitment to the ministry of the Church. ## **OUTREACH** - Online streaming of services and programs have been a source of outreach in the community. - Regular outreach visits to Elderly Residential Homes in Haringey could not be carried out in this financial year due to the Covid-19 restriction ## **Youth Activities** The youth are encouraged to take responsibility for content and delivery of their department activities. Funding was secured from the Mayor London Community fund to purchase computers for use by the youths and other members for their studies and to support voluntary tasks. Advice and practical help from more experienced members is available where necessary. Drama performances with life-enhancing and inspirational messages to reach children and adults are a strong and engaging feature of these events, however, there was limited opportunity to progress this due to safety distancing measures. Some of the youths are also involved in the choir and in the process are developing their musical skills and understanding of worship ministry. All through this pandemic period the youth fellowship has continued to hold online on Zoom every Sunday evening at 5pm. Our dedicated youth teachers deserve appreciation for finding a way to keep the young people positively engaged weekly. ## **Children’s Ministry** Our younger children who will usually take part in services: singing, reading poems and passages of scripture and short plays and sketches could not do that this year but we however through collaboration with a church in America was a able to broadcast children online services to them every Sunday. The standard of performance and quality of presentations has continued to excite and uplift. The need to develop the children’s musical abilities so that they move towards managing some or all of their worship times has been acknowledged and there are plans to involve the Worship team and church musicians to this end, this is part of our future developmental plans for them. A dedicated staff has worked consistently with the children to teach aspects of personal faith as described and understood through Scripture. Biblical principles are discussed and explained in ways that relate to their everyday experiences. Audio and video programs with music have been well received. ## **Charitable activities** Apart from supporting members in times of need, grief and at the birth of newborn babies, FMC have supported charitable activities in the UK and outside the UK through the ministries of: Global Christian Fellowship, the Valley Mission Project, Page 7 F*i¢b Mir*cle Church Trnstee Report (Continue) ForTbt Yt*r Ended 31 M•r¢h 2021 Full Compassion Ministries and Daniel Chand Ministries. FMC durillg this financial year was distributlll8 food to different households weekly from the beginning of the lockdown in March 2020 and continued on b￿aUse many people needed suppon. FMC at a Point applied for a ￿ant with which we were able to reach more households. We supplied fO￿j to over 150 households acro&s London, Northampion, Newcastle. Manchester and pans of Scoiland et¢. This was a huge blessing and relief to these fatnilies as some of these households are Tnade up of more than 5 people. some with elderly and vlllnernble individuals in them, others with children and even newly)m babies. The intertfdtional ￿Inis￿ work sUp[￿S widow5. OTphan5, Schola￿lp5. promoted health care and &ssist¢d ¢ommunities to be more sustainable. Management The Trustees held regular communication wilh th¢ ¢¢ntral ¢X￿￿tiVe t¢arn wher¢ policie& procedures and strategies were reviewed in line with current good practice and legal requirements. During this year a review of the organization risk assessment was undertaken to comply with Coyid 19 guidance. Some departsnellts succe55fully self-fund while others are being trained to Work within a budget. Some changes in management s￿¢ture have resulted in devolved responsibilities to the Residenl Pastors with added scope for volunieers to work with more responsibility in the organization. Sensible and transparent piocedure5 to protect employee5 and volunteers have been revtewed. The tr￿￿tteS have continued to wotk with the SeThior Pastor and the central executive on strategic i5sue5. Fundrai51ng actlv£tles Members are encouraged to ￿lfIl Christian obligauons to give fmancial supp)rt througb ts.thes and offerings. Non-members alld visitors may donate io specific projects either in person or online. FINANCIAL REVtEW Principal funding sources Th¢ FitWLoial ¢omrnitt¢¢ r¢vi¢w income and expenditur¢ and a&5¢ss employ¢¢s' salaries alongside needs and requests that have arisen. The main funding source IS Currently through voluntary donations from members - tithes and otTerings . which have maintsined through ihe curreni year. On-line paymerti facilities were enhanced. Oth¢r SOUTces are through one-off voluntary donatioas for a specific PTojert. We also generate income from rental of our halls and insttuments. Our business plan considers other sources of income from charges for the use of facilities and services. Reserves poliey The resetves policy of FMC is to build up to a level of free reserves. tsking one year with another. amounting to one yeals operating costs. in order that staff security and contitiuity of work are secured. With the opening of the South LotLdoD brallch of Faitb Miracle Church. the trustees also support the ongoing enquiry into investment opportunilics in the f(Trrrn of p0s5ibl¢ building pur¢has¢ to provide a stable place of worship for FMC ID South London. We came lo the stages of purchasin8 a property in Southeast London SE15 on orn￿1de Road but this deal fell through when the seller pulled oul a( the fhnal stage. We will keep on looking for something suitsble and believe GINJ will lead us to the right place at the right Lime. Future PIAns The followin¥ projects are ODgoiDg al￿ requiTe research and perx>Dnel IT training - Y uth ministry r¢quir¢ mor¢ personnel lo facililate growth Charles M Muotto Trustee (Chair) 16th Nov Approved by order of the board of trustees OD.................... day of............... 2021 •Dd Signed its behaifby: MT ch￿leS M Muotto- Chair of Ttustre Page 8 **Faith Miracle Church Accountant's Report For The Year Ended 31 March 2021** I report on the accounts for the year ended 31 March 2021. ## Respective responsibilities of trustees and examiner The charity's trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to: - examine the accounts under Section 145 of the 2011 Act - to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and - to state whether particular matters have come to my attention. ## Basis of the independent examiner's report My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity 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 no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below. Independent examiner's statement In connection with my examination, no matter has come to my attention: 1. which gives me reasonable cause to believe that, in any material respect, the requirements - to keep accounting records in accordance with Section 386 and 387 of the Companies Act 2006; and - to prepare accounts which accord with the accounting records, comply with the accounting requirements of Sections 394 and 395 of the Companies Act 2006 and with the methods and principles of the 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) have not been met; or 2. to which, in my opinion, attention should be drawn in order to enable understanding of the accounts to be reached Date 16/11/2021 George Osei Mba(Global) ACMA/CGMA, CIPFA(Affil) KLS TAX & ACCOUNTING LIMITED Chartered Management Accountant Office 15B 316E Ilford Lane Ilford Essex IG1 2LT Page 9 ## **Faith Miracle Church Income and Expenditure Account For The Year Ended 31 March 2021** |**Notes**
**TURNOVER**
**GROSS SURPLUS**
Administrative expenses
Other operating income
**OPERATING SURPLUS**
Interest payable and similar charges
**SURPLUS FOR THE FINANCIAL YEAR**|**2021**
**£**
**370,928**
**370,928**
(211,153 )
17,500
**177,275**
(11 )
**177,264**|**2020**
**£**
**408,552**| |---|---|---| |||**408,552**
(242,879 )
-| |||**165,673**
(309 )| |||**165,364**| The notes on pages 12 to 15 form part of these financial statements. Page 10 F*l¢b Mlrlele Church Bal4nce Sheet As ai 31 March 2021 2021 2020 Notes FIXED ASSETS Tangible Assets 264,805 263,364 264,805 263,364 CURRENT ASSETS Debtors C￿h at bank and in hand 7,187 518.094 20.978 333,182 525381 354,160 14,702) Credltori: AmouDt5 Falling Due Withln Otte Year 14,702) NET CURRENT ASSETS (LIABILITIES) 520,579 349,458 TOTAL ASSETS LESS CURREIYT LIABILITIES 785J84 612,822 Credltors: AmouDts Falllng D￿t After M•re Th*n One Year (12,149) (16,851) NET ASSETS 773235 595,971 RESERVES Funds Income and Expenditure Account 388.130 385.105 388,130 207.841 MEMBERS, FUNDS 773.235 595,971 Small Ch¥rlty Rules The char5table company is entitlet1 to exemption fmm audlt under Section 477 of the Companies Act 2006 for the year ended 31 March 2021. The members have not requlred the charitable company to obtsin an audit of Its finandal ststements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 21YJ6. The trustees acknowledge their re5pJnsibilitie5 for ensuring that the charitabk company keeps accountirwJ records that compty wlth Sectyons 386 and 387 of the Companies Act 2006 and preparing financial staternents which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each finanaal year in accordance with the requlrements of Sectigns 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far a5 applicable to the charitable co¥npany These financial statements have been prepared in aCcOrda￿e with the siedal provtsions of Part 15 of the Companies Art 2006 relating to small charitable companies. The flnancial statements We￿ approved by the Board of Trustees on.................................................................................... and were $1gned its behalf by.. Mr Charles Muotto- Chair of Trustee Board 1611112021 Date.. PaÈe 11 **Faith Miracle Church Notes to the Financial Statements For The Year Ended 31 March 2021** ## **1. Accounting Policies** ## **1.1 Basis of Preparation of Financial Statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'EFA, the and the Companies Act 2006. The financial statements have been prepared under the historical cost convention **.** ## **1.2 Turnover 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. ## **1.3 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. ## **1.4 Tangible Fixed Assets and Depreciation** Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: |
s calculated to write off the cost
g bases:|
of the fixed assets, less| |---|---| |Plant & machinery|20% on cost| |Motor Vehicles|14.06% on cost| |Improvements to property|10% on cost| |Computer Equipment|20% on cost| ## **1.5 Taxation** The charity is exempted from corporation tax on its charitable activities ## **1.6 Pensions** The company operates a defined pension contribution scheme. Contributions are charged to the income and expenditure account as they become payable in accordance with the rules of the scheme. Page 12 ## **Faith Miracle Church Notes to the Financial Statements (continued) For The Year Ended 31 March 2021** ## 2. **Average Number of Employees** Average number of employees, including directors, during the year was as follows: (2021: 3) ## 3. **Tangible Assets** ## **Land & Property** |**Cost**
As at 1 April 2020
Additions
As at 31 March 2021
**Depreciation**
As at 1 April 2020
Provided during the period
As at 31 March 2021
**Net Book Value**
As at 31 March 2021
As at 1 April 2020
**Cost**
As at 1 April 2020
Additions
As at 31 March 2021
**Depreciation**
As at 1 April 2020
Provided during the period
As at 31 March 2021
**Net Book Value**
As at 31 March 2021
As at 1 April 2020|**Freehold**
**£**
235,000
-|**Plant &**
**machinary**
**£**

61,918

-||**Motor**
**Vehicles**
**£**
32,520
-|**Motor**
**Vehicles**
**£**
32,520
-| |---|---|---|---|---|---| ||235,000|
61,918||32,520|| ||-
-|
55,784

2,044||10,290
4,515|
| ||-|
57,828||14,805|| ||235,000|
4,090||17,715|| ||235,000|
6,134||22,230|| |||||**Computer**
**Equipment**
**£**
-
10,000|| |||||10,000|| |||||-
2,000|| |||||2,000|| |||||8,000|| |||||-|| ## **Faith Miracle Church Notes to the Financial Statements (continued) For The Year Ended 31 March 2021** ## 4. **Debtors** |**Due after more than one year**
Gift Aid Receiveable
5. **Creditors: Amounts Falling Due Within One Year**
Net obligations under finance lease and hire purchase contracts
6. **Creditors: Amounts Falling Due After More Than One Year**
Net obligations under finance lease and hire purchase contracts
**7.** **Obligations Under Finance Leases and Hire Purchase**
The maturity of these amounts is as follows:
Amounts Payable:
Within one year
Between one and five years
Less: Finance charges allocated to future periods|**2021**
**£**
7,187
**7,187**
**2021**
**£**
4,702
**4,702**
**2021**
**£**
12,149
**12,149**
**2021**
**£**
3,960
10,230
14,190
(2,661 )
**16,851**|**2020**
**£**
20,978| |---|---|---| |||**20,978**| |||**2020**
**£**
4,702| |||**4,702**| |||**2020**
**£**
16,851| |||**16,851**| |||**2020**
**£**
3,960
14,190| |||18,150
(3,403 )| |||**21,553**| ## **8. Company limited by guarantee** The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1. Page 14 **Faith Miracle Church Notes to the Financial Statements (continued) For The Year Ended 31 March 2021** ## **9. General Information** Faith Miracle Church is a private company, limited by guarantee, incorporated in England & Wales, registered number 06294487. The registered office is John Raphael Hse, Coburg Road, Wood Green, London, N22 6UB. Page 15 ## **Faith Miracle Church Detailed Income and Expenditure Account For The Year Ended 31 March 2021** |**TURNOVER**
Donations
Savings account interest
**GROSS SURPLUS**
**Administrative Expenses**
Wages
Social security
Pensions
Travel and subsistence expenses
Other operating lease
Light and heat
Rates and Water
Premises and renovation expenses
Vehicle running costs
Book and Literature
Software support and IT equipment
Missions and media outreach, guest speakers
Insurance
Postage and stationery
Advertising
Telephone
Accountancy and legal fees
Professional fees
Welfare and donations
Events and musicians
Depreciation of plant and machinery
Depreciation of motor vehicles
Depreciation of computer equipment
Sundries|**2021**
**£**
**£**
370,928
-
**370,928**
**370,928**
53,664
8,581
4,656
184
32,147
6,167
177
2,154
4,861
-
10,710
31,190
4,014
407
-
8,894
900
15,793
16,215
1,880
2,044
4,515
2,000
-
**(211,153 )**|**2021**
**£**
**£**
370,928
-
**370,928**
**370,928**
53,664
8,581
4,656
184
32,147
6,167
177
2,154
4,861
-
10,710
31,190
4,014
407
-
8,894
900
15,793
16,215
1,880
2,044
4,515
2,000
-
**(211,153 )**|**2020**
**£**
**£**
408,312
240
**408,552**
**408,552**
52,130
7,836
3,846
3,222
42,827
6,706
1,534
899
10,458
400
11,031
18,057
2,203
1,168
507
11,461
1,650
22,390
4,280
6,152
2,044
4,515
-
27,563
**(242,879 )**|**2020**
**£**
**£**
408,312
240
**408,552**
**408,552**
52,130
7,836
3,846
3,222
42,827
6,706
1,534
899
10,458
400
11,031
18,057
2,203
1,168
507
11,461
1,650
22,390
4,280
6,152
2,044
4,515
-
27,563
**(242,879 )**| |---|---|---|---|---| |||**370,928**
**370,928**
























**(211,153 )**||**408,552**
**408,552**
























**(242,879 )**| |||||| ...CONTINUED Page 16 **Faith Miracle Church Detailed Income and Expenditure Account (continued) For The Year Ended 31 March 2021** |**Other Operating Income**
Covid-19 Response Grant
Lottery Grant – Media and IT Purchases
**OPERATING SURPLUS**
**Interest payable and similar expenses**
Bank interest payable
**SURPLUS FOR THE FINANCIAL YEAR**|7,500
10,000|

**17,500**|-
-|

**-**| |---|---|---|---|---| ||11||309|| |||**177,275**

**(11)**||**165,673**

**(309)**| |||||| |||**177,264**||**165,364**| Page 17