NEW TESTAMENT MANNA CHRISTIAN MINISTRIES
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31[ST] MARCH 2023
CHARITY NUMBER: 1141878
NEW TESTAMENT MANNA CHRISTIAN MINISTRIES 17A CONINGHAM ROAD LONDON W12 8BP
INDEX Page Index 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
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NEW TESTAMENT MANNA CHRISTIAN MINISTRIES TRUSTEES’ REPORT YEAR ENDED 31[ST] March 2023
The trustees are pleased to present their report for the year ended 31[ST] March 2023 for the charity, New Testament Manna Christian Ministries with Charity Number 1141878.
The Trustees of the charity are: Mr Gerald Gotzen Rev Abera Habte
Rev Beletu Habte
The principal address of the charity is: 17A Coningham Road London
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity governing document is a TRUST DEED that was adopted on 12[th] May 2011 .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 to advance the Christian Faith [in accordance with the Statement of faith] throughout the world as the trustees may see 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 host worship services through Christian television programs through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith .The ministry also continues to hold several conferences to assist the development of the people in the community.
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FINANCIAL REVIEW
The income of the charity is above £34,000. The costs have been managed well over this period. The charity is in a good position to develop itself in the community. The church used much of its income for covering the hall where they use as a place of worship as well as purchasing various equipment and instruments for their worship services.
FUTURE PLANS
The organisation plans to continue to hold its regular services and yearly conferences which has been proven to be very beneficial. The organisation also plans to continue to support its branch churches in Congo and Kenya. They also plan to re-appoint the independent examiner in the New Year.
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:
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Select suitable accounting policies and apply them consistently.
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Make judgements and estimates that are reasonable and prudent.
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State whether the applicable accounting standards have been followed.
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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 16[th] November 2024 and signed on their behalf by:
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Independent Examiner’s Report To the Trustees NEW TESTAMENT MANNA CHRISTIAN MINISTRIES
I report on the accounts of the church for the year ended 31[st] March 2023 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 :
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Examine the accounts under section 145 of the 2011 Act.
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Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 145(5)(b) of the 2011 Act.
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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;
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(1) which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that:
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proper accounting records are kept( in accordance with section 130 of the 2011 Act
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accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 2011 Act: or
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(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 Unit 5, 95 Miles road Mitcham Surrey CR4 3FH
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NEW TESTAMENT MANNA CHRISTIAN MINISTRIES
ACCOUNTS FOR THE YEAR ENDED 31st March 2023
| **1 ** | Receipts & Payments Account (General | Purpose Fund) |
|---|---|---|
| Income Receipts | ||
| £ | ||
| 2023 | ||
| Donations | 34284 | |
| Total Receipts | 34284 | |
| Direct Charitable Expenditure | ||
| Travel | 4039 | |
| Subscriptions | 391 | |
| Media services | 1140 | |
| Rent | 4000 | |
| Wages | 5000 | |
| Missions | 3255 | |
| Supplies | 191 | |
| Repairs | 60 | |
| Professional fees | 310 | |
| Transport | 60 | |
| 18446 | ||
| Other Expenditure | ||
| Equipments | 17423 | |
| Instruments | 0 | |
| Total Payments | 35869 | |
| Net Receipts/(Payments) for the year | -1585 | |
| Cash Funds brought forward | 7741 | |
| Cash Funds at the end of the year | 6156 |
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NEW TESTAMENT MANNA CHRISTIAN MINISTRIES
| **2 ** | Statements of Assets and Liabilities at 31st March 2023 | Statements of Assets and Liabilities at 31st March 2023 |
|---|---|---|
| Cash Funds | Unrestricted Funds | |
| 2023 | ||
| £ | ||
| Bank | 6156 | |
| Total Cash Funds | 6156 | |
| Assets Retained for the | ||
| Charity's Own use | ||
| Equipments | 13938 | |
| 13938 | ||
| Liabilities | ||
| Accounting fee | 275 | |
| Approved by the Trustees and signed on their behalf: | ||
| ____________ |
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NEW TESTAMENT MANNA CHRISTIAN MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st March 2023
ACCOUNTING POLICIES
Basis of Accounting
These accounts have been prepared on the receipts and payments basis under section 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.
Staff
The church had 1 employee during the accounting year. No employee received emoluments in excess of £6,000. Staff were paid through the PAYE sysytem.
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.
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