MOMENT OF TRUTH MINISTRIES
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31[st] MARCH 2021
CHARITY NUMBER: 1130838
MOMENT OF TRUTH MINISTRIES PO BOX 4471 DUNSTABLE LU6 9NB
INDEX Page Legal & Administrative Details 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
MOMENT OF TRUTH MINISTRIES
LEGAL & ADMINISTRATIVE DETAILS YEAR ENDED 31[ST] MARCH 2021
ADDRESS FOR CORRESPONDENCE
PO BOX 4471 DUNSTABLE LU6 9NB
REGISTERED CHARITY NUMBER
1130838
GOVERNING DOCUMENT
DECLARATION OF TRUST 17[TH] MARCH 2009.
TRUSTEES/ DIRECTORS
Rev SAMSON JEBUTU Ms OLUKEMI OMOLOLA ARIBA Mr FLAVEN SANGARE Mrs KEHINDE JEBUTU
PRINCIPAL BANKERS
BARCLAYS BANK 16 HIGH STREET NORTH DUNSTABLE LU6 1JZ
INDEPENDENT EXAMINER
FRESH FIRE ORGANISATION GENERATOR BUSINESS CENTRE 95 MILES ROAD MITCHAM CR4 3FH
1
MOMENT OF TRUTH MINISTRIES
TRUSTEES’ REPORT YEAR ENDED 31[ST] MARCH 2021
The trustees are pleased to present their report for the year ended 31[st] March 2021 for the charity, Moment of Truth Ministries with charity number 1130838.
The Trustees of the charity are: Rev Samson Jebutu Mr Flaven Sangare Mrs Kehinde Jebutu Ms Olukemi Ariba
The principal address of the charity is : PO Box 4471 Dunstable LU6 9NB
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity governing document is a declaration of trust that was executed 17[TH] March 2009 .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 continues to hold weekly Sunday services throughout the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. The organisation continues to hold its annual bible training conferences in August in which individuals came from all around the country to attend. During these conferences the organisation also covered the costs of accommodation for some of these delegates that attended. These conferences are proving more successful as more people are attending the meetings and clearly benefiting from them. This year increased its online presence significantly and reached out to even a greater number of people within the community.
.
2
This proved to be a tremendous success as many were encouraged about the Christian message. Regular evangelistic outreach was also held regularly in the local community as well as weekly bible studies which streamed live online to the public every week. There was counselling service that was provided by the organisation for the community and those who were in need were supported with material resources.
FINANCIAL REVIEW
The income of the charity is above £73,000. 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.
FUTURE DEVELOPMENTS
The church intends to continue to host its conferences in UK. It plans to continue to host its television and radio programmes in the city. The intended re-appointment of our present independent examiner at the upcoming trustee meeting is expected to support the financial operations by making it more effective.
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:
-
Select suitable accounting policies and apply them consistently.
-
Make judgements and estimates that are reasonable and prudent.
-
State whether the applicable accounting standards have been followed.
-
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 14[th] October 2021 and signed on their behalf by:
3
Independent Examiner’s Report To the Trustees MOMENT OF TRUTH MINISTRIES
I report on the accounts of the church for the year ended 31[st ] March 2021 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 :
-
Examine the accounts under section 145 of the 2011 Act.
-
Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 145(5)(b) of the 2011 Act.
-
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;
-
(1) which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that:
-
proper accounting records are kept( in accordance with section 130 of the 2011 Act
-
accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 2011 Act: or
-
(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 Generator Business Centre 95 Miles Road Mitcham Surrey CR4 3FH
4
MOMENT OF TRUTH MINISTRIES
ACCOUNTS FOR THE YEAR ENDED 31st March 2021
1 Receipts & Payments Account (General Purpose Fund)
| Income Receipts £ 2021 Donations 68006 Gift Aid 5442 Total Receipts 73448 Charitable Expenditure Charity donations 540 Cost of supplies 4 Rent & Rates 3760 Insurance 101 Stationery 323 Travel & Substitence 14 Office Costs 9874 Light & Heat 131 Hospitality 6000 Pastoral services 19800 Welfare 0 Guest accomodation 309 Telephone & Internet 1090 Outreach costs 0 General expenses 727 Bank charges 0 Motor expenses 0 Books and periodicals 400 Hire of Conference centre 500 Media services 0 Professional Fees 3039 Volunteer expenses 1800 48412 Other Expenditure Refreshments from petty cash 0 Equipment 0 0 Total Payments 48412 Net Receipts/(Payments) for the yea 25036 Cash Funds brought forward 12365 Cash Funds at the end of the year 37401 |
£ 2020 80479 3366 |
|---|---|
| 83845 | |
| 652 511 10281 829 270 1799 2177 0 5026 19800 300 843 1332 2884 7114 751 7 1840 14047 0 6418 0 |
|
| 76881 600 0 |
|
| 600 77418 6364 6001 |
|
| 12365 |
5
MOMENT OF TRUTH MINISTRIES
2 Statements of Assets and Liabilities at 31st March 2021
| Cash Funds Bank Petty Cash Total Cash Funds Assets Retained for the Charity's Own use Fixtures & Fittings Musical Instruments Equipments Pledges Liabilities Accounting fee Purchases NET ASSETS |
Unrestricted Funds 2021 £ 37299 137 _ 37436 _ 1920 0 217 _ 2137 _ 380 912 1292 38281 |
2020 14663 137 _ 14800 _ 16 1365 138 |
|---|---|---|
| 1381 ___ 380 1050 |
||
| 1430 | ||
| 14751 |
Approved by the Trustees and signed on their behalf:
6
MOMENT OF TRUTH MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st March 2021
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.
Trustee Remuneration/Connected Parties
The church contracted out to different organisations to carry out pastoral work for the charity. All other work was carried out by volunteers.
Trustee Samson jebutu was paid £19800 for pastoral services rendered to the charity.
Public Benefit
The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or aims that are for public benefit.Details of how this is achieved are provided in the Trustees report. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
Depreciation
Depreciation is calculated at 20% reducing balance method
7