Registered number Charity Number 1140887
Bread Of Heaven International Ministries Report and Accounts 31st July 2023
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Bread Of Heaven International Ministries
Report and Accounts
Contents
Page
Charity information 1
Trustees Report 2-3
Independent Examiners' Report 4
Statement of Financial Activities 5
Balance sheet 6
Notes to the accounts 7-9
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Bread Of Heaven International Ministries
Charity Information
Year Ended: 31st July 2023
Legal and administrative information
Charity Number 1140887
Trustees Mr. Isaac Osei
Mr. Byron Dean Lewin
Mr. Patrick Mensah
Address 106 Sterling Way
Edmonton
London
N18 1QU
Bankers HSBC Bank
Walthamstow
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Bread Of Heaven International Ministries
Trustees' Report
The Trustees present their report and the financial statements for the year ended July 2023.
Objectives of the Charity
The objectives of the Charity as set out in the Declaration of Trust are:
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A. The advancement of the Christian Faith in the United Kingdom and abroad
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B. The relief of persons who are in conditions of need, hardship, or distress or who are aged or sick, in the United Kingdom and Ghana.
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C. The charity is also established to provide an enabling environment for worshipping God.
ACHIEVEMENT AND PERFORMANCE:
Bread of Heaven International Ministries were able to organise all its proposed programmes in the year 2022/2023. Below are the programmes organised during the period under review.
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Community Event - The church organised a trip to Bournemouth Seafront on the 15[th of] July 2023 which was fully participated with 8 baptisms by immersion and below are some pictures.
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Bohim Foodbank- During the year under review, the church donated food items to the public and those facing hardship in the church. It also made donation to those facing financial hardship during the Christmas and Easter period.
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Christmas Convention - The church annual Christmas convention was well organised and fully participated. The atmosphere of the holy spirit was a blessing to the members and the spiritual impartation from Bishop Benjamin Oduro and other speakers was a huge blessing.
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31[st] Night -Crossover was well organised for members and the community to end the 2022 year with prayer and celebration.
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Easter Convention -A three-day convention was organised and was fully participated by members and the community. The atmosphere of the holy spirit was a blessing to the members and the spiritual impartation from Bishop Benjamin Oduro and other speakers was a huge blessing.
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Our mid-week services and victory Sundays was also organised and the initiations of our morning devotions.
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We also have the privilege to the following ministers,
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Prophet Emmanuel Amoah
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Apostle Yaw Osei Bonsu
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Apostle Dr. Felicia Acheampong
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Rev. Edward Osei Tutu
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Apostle Samuel Appiah
All the above programmes were fully participated by the members and the Community and was richly blessed by their ministration.
The members spiritual and emotional needs were met through prayer and counselling, they grown both in their spiritual life and emotional needs as it was borne in testimony by the leadership and members alike in the church.
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Beside the above we also achieved all our programmes by organising weekly bible studies, Sunday church services, and educative programmes were also organised.
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Bread Of Heaven International Ministries has three Trustees who meet in line with the Charity Commission guidance to review the charity's activities periodically.
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Alongside the regular donations, we reviewed the donation aspect of the charity as individuals has slowdown in their zeal to undertaken various fundraising efforts due to the economic hardship in terms of personal issues in their lives and some members having lost their jobs due to the Covid 19 Pandemic. To further support the work of the charity, we intend to organise more programmes and activities in the future.
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Structure and Governance
Bread Of Heaven International Ministries is a charity; therefore, Trustees have duties that are set out by the Charity Commission.
Trustees have a duty to act in utmost good faith and must not profit personally from the charity or get into any situation whereby personal interest will conflict with the interest of the charity. If there Is any doubt about a conflict of Interest, the Charity Commission must be approached.
The Trustees recognise that their major responsibility is to ensure a good and appropriate governance of Bread of Heaven International Ministries in accordance with the Charity Commission guidelines.
Public Benefit
The Trustees confirm that they have had due regard to guidance published by the Charity Commission on public benefit.
Financial Review
Bread Of Heaven International Ministries aims to disburse all its donations to the beneficials in UK and Ghana. We intend to save a small reserve of all donations made (unless otherwise specified are held in reserve for use in emergency situations. For example, medical or environmental damage and sponsorship.
Approval
This report was approved by the board on 24[th] February 2024 and Signed on behalf of the Trustees.
(Mr. Isaac Osei) Trustee
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Bread Of Heaven International Ministries
INDEPENDENT EXAMINER REPORT TO THE TRUSTEES OF BREAD OF HEAVEN INTERNATIONAL MINISTRIES
Report on the accounts of the Charity for the year ended July 2023, which are 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 charity are responsible for the preparation of accounts: they consider that the audit requirement under section 43(2) of the Charities Act 1993 (the 1993 Act)), does not apply. It is my responsibility to:
Examine the accounts under section 43(3) of the 1993 Act. Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 43(7)(b) of the 1993 Act, and State whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINERS REPORT
My examination was carried out in accordance with the General Direction given by the Charity Commissioner’s. An examination included a review of the accounting records kept. It also includes consideration of any unusual items of disclosures in the accounts. And seeking examinations from you as trustees concerning any matters.
The procedures undertaken do not provide all the evidence that would be required in an audit, and as a result I do not express an audit opinion on the view given by the accounts.
Independent Examiner’s Statement
In accordance with my examination, no matter has come to my attention:
1. which gives me a reasonable cause to believe that in any material respect the requirements:
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to keep accounting record in accordance with section 41 of the 1993 Act and
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to prepare which accord with the accounting records and to comply with the accounting requirements of the 1993 Act.
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Have not been met.
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To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Rexford Oppong
Oppong
Asknath Services Ltd
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Bread Of Heaven International Ministries
Statement of Financial Activities for the year ended 31[st] July 2023
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Unrestricte
Total Total
d
Note
2023 2023 2022
s
£ £ £
Incoming Resources
185,607 185,607
Tithes & Offerings 161,145
185,607 185,607 161,145
Resources Expended
170,700
Direct Charitable Expenditure 170,700 152,561
1,370
Management & Administration 1,370 3,252
172,070 172,070 155,813
Net Movement in Funds in the
13,537 13,537 5,332
year 2
Total Funds Carried forward 13,537 13,537 5,332
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| Bread Of Heaven International Ministries Balance Sheet as at 31st July 2023 Note s FIXED ASSETS Musical Instruments 3 Fittings & Fixtures CURRENT ASSETS Debtors Cash at bank and in hand Total CURRENT ASSETS CURRENT LIABILITIES Creditors: amounts falling due within a year CURRENT ASSETS LESS CURRENT LIABILITIES TOTAL ASSETS LESS CURRENT LIABILITIES ANALYSIS OF CHARITY FUNDS Surplus (deficit) Prior year 2022 Surplus (deficit) for the Year Total Charity Funds |
2023 £ 5,131 6,736 11,867 27,505 39,372 0 39,372 44,503 30,966 13,537 44,503 |
2022 9,734 9,549 |
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| 19,283 | ||
| 11,051 | ||
| 30,334 1,900 |
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| 28,434 | ||
| 38,168 | ||
| 25,634 5,332 |
||
| 30,966 |
The trustees are satisfied that the charity is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that members have not required the company to obtain an audit in accordance with section 476 of the Act The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and preparation of accounts. The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies’ regime.
Mr. Isaac Osei –
Approved by the board on 24[th] February 2024
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Bread Of Heaven International Ministries
Notes to the Accounts for the year ended 31[st] July 2023
1. Accounting policies
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). The financial statements have been prepared in accordance with Statement of Recommended Practice (SORP 2005).
Incoming Resources
Incoming resources include of donations and gifts, all of which are recognised on receipt basis.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipment & Fittings & Fixtures
2. Net Movement in funds
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2.5% reducing balance.
2023
£13,537
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This is stated after charging:
Depreciation of owned fixed assets £964
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Tangible fixed assets
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Cost As at 1 Aug.2022 Additions during the year As 31 July 2023 Depreciation As at 1 Aug.2021 Charge for the year Net book value As at 1 Aug.2023 As 31 July 2022 |
2022-2023 Equipment £ 9,734 9,734 4,116 487 4,603 5,131 |
Fittings & Fixtures £ 9,549 9,549 2,336 477 2,813 6,736 7,213 |
Total £ |
|---|---|---|---|
| 19,283 | |||
| 0 19,283 |
|||
| 6,452 964 7,416 |
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| 11,867 | |||
| 5,618 | 12,831 |
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Bread Of Heaven International Ministries
Schedule to Statement of Financial Activities
for the year ended 31[st] July 2023 for the information of the trustees only
| Income Incoming Resources Direct Charitable Expenditure Welfare & Donations Communication cost Church Expenses Security Cost Printing, Postage and Stationery Retreat and Conference Expenses Premises Repairs & Maintenance Insurance Cost Equipment expense & renewals Broadband & Phone Wages & Salary Mission House Support Rent TV Licensing Cleaning Motor expenses Travel & subsistence International Travel Volunters Expenses Bank Charges & Interest Paid Pastoral Care |
2023 £ 185,607 8,100 717 2,558 0 2,011 1,231 6,225 2,867 0 1,162 24,000 8,500 80,304 0 1,650 0 8,093 4,566 1,200 953 4,500 |
2023 Total £ 185,607 8,100 717 2,558 0 2,011 1,231 6,225 2,867 0 1,162 24,000 8,500 80,304 0 1,650 0 8,093 4,566 1,200 953 4,500 |
2022 £ |
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| 161,145 | |||
| 7,757 396 870 645 1,179 4,880 4,500 2,381 1,377 1,973 14,500 5,200 67,395 159 1,280 1,821 2,846 3,700 2,000 813 1,500 |
| Church consumables Refreshment & Catering Gift & Hospitality Business Rate Depreciations Gas Electricity General Adm. Exp Accountancy & Professional Fees TOTALS |
384 0 5,835 553 964 5,290 0 0 1,370 173,034 |
384 0 5,835 553 964 5,290 0 0 1,370 173,034 |
1,938 3,213 5,000 846 643 8,166 5,583 1,500 1,752 |
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| 155,813 | |||
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