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← The Believer's Mission Church Of God

2024-07-31-accounts

REGISTERED COMPANY NUMBER: 05170286 (England and Wales) REGISTERED CHARITY NUMBER: 1135492

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 July 2024

for

THE BELIEVER'S MISSION CHURCH OF GOD

THE BELIEVER'S MISSION CHURCH OF GOD

Contents of the Financial Statements for the Year Ended 31 July 2024

Page Page Page
Report of the Trustees 1
Independent Examiner's Report 2
Statement of Financial Activities 3
Balance Sheet 4
Notes to the Financial Statements 5 to 8
Detailed Statement of Financial Activities 9

THE BELIEVER'S MISSION CHURCH OF GOD

Report of the Trustees for the Year Ended 31 July 2024

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 July 2024. 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 2019).

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, Memorandum and Articles of Association.

OBJECTS

To advance the Christian Faith in accordance with the statement of beliefs appearing in the schedule hereto in London and in such other parts of the United Kingdom or the world as the trustees may from time to time think fit and other such purposes which are exclusively charitable according to the Law of England and Wales and are connected with the charitable work of the charity.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 05170286 (England and Wales)

Registered Charity number

1135492

Registered office

17 Deptford Broadway London SE8 4PA

Trustees

Reverend Matthew O Omoregie Chair

Wilson Orie Sandra Idowu Omoregie

Company Secretary

Mrs S I Omoregie

Independent Examiner

FKAY SOLUTIONS Suite F6, Wood Street Business Centre 195 Wood Street London E17 3NU

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 14 April 2025 and signed on its behalf by:

Reverend M Omoregie - Trustee

Page 1

Independent Examiner's Report to the Trustees of THE BELIEVER'S MISSION CHURCH OF GOD

Independent examiner's report to the trustees of THE BELIEVER'S MISSION CHURCH OF GOD ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2024.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts 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 your 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 Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts 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 accounts 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.

Afolabi Abimbola AFA Financial Accountants

FKAY SOLUTIONS Suite F6, Wood Street Business Centre 195 Wood Street London E17 3NU

Date: 14 April 2025

Page 2

THE BELIEVER'S MISSION CHURCH OF GOD

Statement of Financial Activities for the Year Ended 31 July 2024

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----- Start of picture text -----
31.7.24 31.7.23
Unrestricted Total
fund funds
Notes £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 58,189 50,054
EXPENDITURE ON
Raising funds 2 31,087 26,520
Charitable activities
Miscellanous 1,998 2,840
Other 23,753 19,808
Total 56,838 49,168
NET INCOME 1,351 886
RECONCILIATION OF FUNDS
Total funds brought forward 10,066 9,180
TOTAL FUNDS CARRIED FORWARD 11,417 10,066
----- End of picture text -----

The notes form part of these financial statements

Page 3

THE BELIEVER'S MISSION CHURCH OF GOD

Balance Sheet 31 July 2024

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----- Start of picture text -----
31.7.24 31.7.23
Unrestricted Total
fund funds
Notes £ £
CURRENT ASSETS
Cash in hand 27,033 24,191
CREDITORS
Amounts falling due within one year 7 (15,616) (14,125)
NET CURRENT ASSETS 11,417 10,066
TOTAL ASSETS LESS CURRENT
LIABILITIES 11,417 10,066
NET ASSETS 11,417 10,066
FUNDS 8
Unrestricted funds 11,417 10,066
TOTAL FUNDS 11,417 10,066
----- End of picture text -----

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

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

The financial statements were approved by the Board of Trustees and authorised for issue on 14 April 2025 and were signed on its behalf by:

Rev Matthew Omoregie - Chair

The notes form part of these financial statements

Page 4

THE BELIEVER'S MISSION CHURCH OF GOD

Notes to the Financial Statements for the Year Ended 31 July 2024

1. ACCOUNTING POLICIES

Basis of preparing the 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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

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.

Taxation

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

Fund accounting

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

2. RAISING FUNDS

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----- Start of picture text -----
|||| |---|---|---| |Premises cost| |31.7.24|31.7.23| |£|£| |Rent and Rates|31,087|26,520|

----- End of picture text -----

continued...

Page 5

THE BELIEVER'S MISSION CHURCH OF GOD

Notes to the Financial Statements - continued for the Year Ended 31 July 2024

3. SUPPORT COSTS

SUPPORT COSTS SUPPORT COSTS
Management
£
Other resources expended
19,117		 Informati
Finance
technolo
£
£
199
351
Human
resources
£
Other resources expended
3,586		 Governance
costs
Totals
£
£
500
23,753
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Governance costs
Hire of plant and machinery		 31.7.24
31.7.23
£
£
500
500
300
450

4. NET INCOME/(EXPENDITURE)

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 July 2024 nor for the year ended 31 July 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 July 2024 nor for the year ended 31 July 2023.

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies		 Unrestric
fund
£
50,054
EXPENDITURE ON
Raising funds
Charitable activities
Miscellanous
Othercharitable activities		 26,520
2,840
19,808
Total 49,168
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward		 886
9,180
TOTAL FUNDS CARRIED FORWARD 10,066

continued...

Page 6

THE BELIEVER'S MISSION CHURCH OF GOD

Notes to the Financial Statements - continued for the Year Ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.24
£
Other creditors
15,616
8.
MOVEMENT IN FUNDS
Net
movement
At 1.8.23
in funds
£
£
Unrestricted funds
General fund
10,066
1,351
TOTAL FUNDS
10,066
1,351		 31.7.23
£
14,125
At
31.7.24
£
11,417
11,417

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund		 Incoming
Resources
resources
expended
£
£
58,189
(56,838)		 Movement
in funds
£
1,351
TOTAL FUNDS 58,189
(56,838)		 1,351

Comparatives for movement in funds

At 1.8.22
£
Unrestricted funds
General fund
9,180		 Net
movement
At
in funds
31.7.23
£
£
886
10,066
TOTAL FUNDS
9,180		 886
10,066

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund		 Incoming
Resources
resources
expended
£
£
50,054
(49,168)		 Movement
in funds
£
886
TOTAL FUNDS 50,054
(49,168)		 886

continued...

Page 7

THE BELIEVER'S MISSION CHURCH OF GOD

Notes to the Financial Statements - continued for the Year Ended 31 July 2024

8. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

At 1.8.22
£
Unrestricted funds
General fund
9,180		 Net
movement
At
in funds
31.7.24
£
£
2,237
11,417
TOTAL FUNDS
9,180		 2,237
11,417

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund		 Incoming
Resources
resources
expended
£
£
108,243
(106,006)		 Movement
in funds
£
2,237
TOTAL FUNDS 108,243
(106,006)		 2,237

9. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 July 2024.

Page 8

THE BELIEVER'S MISSION CHURCH OF GOD

Detailed Statement of Financial Activities for the Year Ended 31 July 2024

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----- Start of picture text -----
31.7.24 31.7.23
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 58,189 50,054
Total incoming resources 58,189 50,054
EXPENDITURE
Premises cost
Rent and Rates 31,087 26,520
Charitable activities
Sundries 1,998 2,840
Support costs
Management
Wages 12,000 6,000
Hire of plant and machinery 300 450
Insurance 3,389 3,355
Light and heat 3,037 2,837
Telephone 337 474
Postage and stationery 54 -
19,117 13,116
Finance
Bank charges 199 191
Information technology
Repairs and renewals 351 501
Human resources
Welfare and support costs 3,586 5,500
Governance costs
Remuneration for non audit work 500 500
Total resources expended 56,838 49,168
Net income 1,351 886
----- End of picture text -----

This page does not form part of the statutory financial statements

Page 9