Omega Fire Ministries
Charity No. 1149970
Company No. 08178227
Trustees, Report and Unaudited Accounts
31 August 2022

Omega Fire Ministries
Content5
Pages
2104
Trustees, Allnual Report
Stalemenl ol Financial Activitie¥
Summary Income and Expenditure Account
Balance Sheet
to5
to6
to7
Statement ol Cash flows
to8
Noles lo the Accounts
91014
Oetalled Statement ol Flnanclal Acllvltle8
1015
Paoe 1

Omega f ire Mifiistries
Trustees Annual Report
The Iruslees, who are also director5 Ot the charity lor the purposes ol the Companies Act 2006,
present their report with the unaudited financial slalements ol the charity lor the year ended 31
August 2022.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. 08178227
Charity No. 1149970
Registered Office
86 Halfiled
Dagenham
London
RM96 6JS
Directors and Trustees
The Dlrectors ol the charitable company are its Tiuslees lor the purp0888 01 charity law.
The followlng Dlreclor$ afid Tiu$lee$ 8eNed durlng the year..
M.H. Jalloh
O. Nehlole
E.0. Onojedje
Accountants
EBD ASSOCIATES
5A MARKET STREET
EAST HAM
E6 2RH
OBIECTIVES AND ACTIVITIES
Page 2

Omega Fire Ministries
Trustees Annual Report
The purpose ol the charity as sel out In rts governing document...The organisation continues to slrlve In Its
purpose ol provlding Chrl3lian talth acTOSS the local communlty Sector an(J provlde the neces8ary Support lor
all Ih08e within the immedlale community.
We are rnlTrdlul that to expand on Ihls work, it Is necessary lo Ilnd a more permanent basls lo laclllt31e such
work as the continued expendllure on rent is not sustainable and the current premises places a Irementtou5
burden on the outreach work that Omega Fire Mlnislrles would Ilke to expand Inlo.We are now uroently
seekifig prernises at a more affordable rate and are conlldent thai this will be achieved by the end ol the
year.
Although the continued donations have served to support the organisation, we are aculely aware ol the
¢ur¥ent livlng crlsls and the burden thai Ihls wlll Inevltably place on both our volunteers and supporter5. We
have also decided lo expan(J in our work within and across the community sector in particular the work ol
children and youTro people with emphasls belng oll the gang and knite crlme culture. We have therefore
decided lo collaborate with similar charlly organi5ations to become an elleclive force In trying to eliminate
Aihievernenl and Perlormances
TV Mlnlstry.
AS part ol our pl8n5 lor worklng Inlernationalty we have now collaboralett wlth our $i$ter churches in Africa
through a Ilve stTeaffling feed called Celebration TV which allows both worshlpplng and collleienEes to be
shared regardless ol the lime re$trictions and the continental destlnatlon.
We have found that we are now supported not only locally but internaiionalty therefore enabllng us 10
understand the needs ol one another and oller the relevant support were needed.
Th1$ ha5 proved to be immensely pioductive with our supporters and volunteers as they ale now able to help
those in lar greater need. We understand Ihat this requires a gieat deal ol financial support. bul the impact
ol this Project has enabled some tremendou5 work to be undertaken.
We are equally proud ol the fact that our Ministers and stall have now been able io underpin some ol this
work in other international countries in South America, the Carlbbean, and the Aliican continent. We can see
tirst-hand the works that aTe necessary and will lorrnulale plans a$ to how then to serve both the local
community ancl those that are In need internatlonally.
Mlni5try Training
To facilitate the work ol our organisatlon locally and Snlernallonally we have now undertaken a training
progr2mme tor this who want to pursue works within the Ministry.
Our locu$ is lo nurture those who feel called to spread the work ol God in a manner that ha$ the Same aim8
and objectives as Omega therefore providing a constant legacy lor the oiganisation.
Currently we have slx members who are underlaklng trainlno and although this is our lir¥l cohort. we are ol
the opinion that they wlll enable them to contribute back to the tommunity in a mannei belitling ol the
ethos ol Omega.
Ministry Events
We are conllnulng lo Strive toward3 educating our Immedlate communlly and supports wllh conference8 and
events that enable our membeis lo explore not only thelr immediate lailh bul local and national Issue$ that
may Impact them.
Our events and conlefences are well attended given the prevlous Issues surrounding the pandemic and have
been well recelved. We are of the ottinion that we Would like to do more ol thi5 however due lo our current
rental slalus we are limited lo the numbei ol events that we Can undertake and are now keener than ever to
lind a permanent residence to lacilitale thls.
Page 3

Omega Fire Ministries
Trustees Annual Report
The Trustees are responslble for keeplng proper accounting records that disclose with reasonable accuracy al
any tirne the Ilnancial posltbon ol the thaTlty and lo enable them lo ensure that the financial slalemenls
omply wilh the Companles Act 2006. The Tiustees are also responsible for safeguarding the assets ol the
charity and hence laklng reasonable steps lor the prevention and detection ol Iraud and other Irregulafltle8.
The above report has been prepared in accoidance with the provisions applicable lo cornpanies subject lo
the small companies regirne a8 set out in Part 15 01 the Cornpanles Act 21XJ6 and in accordanie with the
Charities SORP IFRS 1021.
Signed behalf ol the board
jedje
Trustee
28 February 2023
Page 4

Omega Fire Millistries
Sialement ol Finallcial Activities
lor the yeaf ended 31 Augusl 2022
Unrestricted
funds Total funds Total funds
2022
2022
2021
Notes
Incorne and endowments
from..
Donatlons aTrd legacles
68,501
68,501
101,967
Tolal
68.501
68.501
101.967
Expenditure on..
Charitable aclivities
82,402
82,402
99,622
Total
82.402
82,402
99.622
Nel galns on Investments
Net lexpendilurellincorne
Trallslers between lund$
Nel lexpenditurellincome
before olher oain81llossesl
I13,￿1)
113,9)11
2,345
113.9011
113,9011
2.345
Other gains and losses
Net movemeni in funds
I13.￿1}
113,9011
2,345
Reconciliation ol lundg-.
Total funds brought forward
30,818
30,818
28,473
Total funds carried forward
16,917
16.917
30.818
Page 5

Omega Fire Ministries
Surnmary Income and Expenditure Account
for the year ended 31 August 2022
2022
2021
Income
68,501
101,967
Gross income lor the year
Expendllure
68,501
82,402
101,967
99,622
Total expenditure lor the year
Net lexpendituiellincome before lax
lor the year
82,402
99.622
113,9011
2.345
Net lexpendilure Ilincome for the year
113,9011
2,345
Page 6

Omega Fire Ministries
Balance Sheet
ai 31 Augu$t 2022
Company No. 08178227
Notes
2022
2021
Fbxed asset$
Tangible assets
5,538
5.538
5,645
5,645
Current a￿et8
Cash at bank and in hand
38,936
38.936
127,5571
11,379
16,917
16,917
58,722
58,722
133,5491
25.173
30.818
30,818
Creditors.. Amount falling due wilhin one year
Net current asset
Total assets less current liabilities
Nel as9el$ excluding pension asset or liabilily
Total nel assets
16,917
30,818
The funds ol the charity
Restricted luncts
Unrestricted funds
General funds
16,917
16,917
30,818
30,818
Re$erve$
Total funds
16.917
30,818
These accounts have been prepared In accordance wlth the special provisions of Part 15 01 Ihe Companles
Act 2006 relating to small companies.
For the yeai eTrded 31 August 2022 the company was entitled lo exemplion under section 477 01 the
Cornpanbes Act 2006 relatlng lo small companie8.
The members have not requlreo the company lo oblaln an audit in accordance with section 476 01 the
CoM￿anieS Act 2006.
The directors acknowledge Iheii responsibilities lor complying wilh the reouiremenls ol the Companies Acl
2006 wlth respect lo accountlng records and the preparallon ol accounts.
Approved by the boaTd on 28 February 2023
And $igne& on It$ behalf by..
E.0. Ono
Trustee
28 February 2023
Page 7

Omega Fire Minist¥ies
Slalemenl ol Cash flows
for the year ended 31 August 2022
2022
2021
Cash Ilows from operating activities
Net lexpendilurellincome per Stalernent of Financial Activities
I13,￿1}
2,345
Adjustments for..
Depreclatlon ol property, plant and equbpment
1,216
1,239
Nel cash (used Inllprovided by operating activities
112.6851
3,584
Cash tlows from investing activities
Payments loi pioperty, plant and equlpment
11.1091
Net Cash used in invesling activities
11,1091
Cash flows Irorn linancing activities
Repayrnenl ol borrowings
14,3921
27,499
Nel cash (used inlllrom financing activities
14,3921
27,4g9
Net Ide¢reasellln¢rease In tash and cash equivalents
118,1861
31,083
Ca$h and cash eouivalenls al the beginning ol the year
58,722
Cash atTrd cash equivalents at the end ol the year
40,536
31,083
Components of cash and cash equivalent$
Cash alld bank balances
38,936
58,722
38,936
58,722
Page 8

Omega Fire Minislrieg
Note$ to the Accounts
lor the year ended 31 Augu$t 2022
1 Accounting policies
Basis of preparation
The financial statement$ have been piepared in accordance wlth A¢¢ounllng and Reportlng by ChaTltie$'.
Statement ol Recommended Pra¢tl¢e applbcable to charities preparing their accounts in accordance wlth
the Financial Reporllng Stan(lafd applicable in the UK and Republi¢ ol Ireland IFRS 1021 lelleclbve 1
January 20151 Icharities SORP IFRS 10211, thE Financial Reporllng Slandaid applS¢able in the UK and
Flepublic ol Iieland IFRS 1021 and the Companle$ Act 2006.
Change In ba$1$ ol accounting or to previous accounts
There has been no change to the actounllng policie$ Ivalualion rules and method ol accounting) since
last year and no changes have been made to accounts lor prevlous yeats.
Fund accounting
Unrestricted lunds These are avallable lor use al the dts¢rellon ol the Iruslees In turtherance ol the
yeneral objects ol the charity.
These are unrestricted funds earmarked by the trustees lor particulir purposes.
These are unrestricted funds which include a revaluation reserve represenling the
restaternent ol investmEnl a$$el$ al thelr rnarkel values.
The3e ale available lor Use subject to restrictions imposed by the donor or through
terms ol an appeal.
Deslgnaled funds
Revaluallon funds
Re¥lrlcled lund8
Income
Recognition of
Incon7e
lTrcome Is included in the Siatement ol Financial Activilles ISOFAI when the Charlty
become3 entitled to, and virtually certain to ieceive, the income and the amount ol
the income can be measured with sullicient reliablllty.
Income with related Where income has related expenditure the income and related expenditure 15
expendlture
reported oross In the SOFA.
Donations and
legacies
Voluntary income received by way ol grants, donations and gilts is included in the
the SOFA when receivable and only when the Cnaiity ha$ uncolldllional
enllllement to the Income.
Tax reclaims o
Income Irom lax ieclaims is included in the SOFA at the same tlme as tlle
donatlons and gifts giltldonation lo which it relates.
Donated services
These are onty inclu(Sed In income (with an equlvalent amount In expendltilfel
where the benelll lo the Charlly18 reasonably qu2ntiliable, measurable and
rnaterlal.
Volunteer help
The value ol any volunteer help recelved 1$ not Included In the accounts.
Investment Income Th1$ Is Included Sn the accounts when recelvable.
Galn$lllo8sesl on
This include5 any gain or1053 resulting from revalulng Investments lo market value
ievaluation ol fixed at the end ol the year.
asset$
Gainslllossesl on
invpstmenl assets
This includes any gain or loss on the sale ol Inve￿Ments.
Page 9

Omeoa Fire Ministries
Noles lo the Accounts
Expenditure
Recognition ol
expendllure
Expendlture18 fecognlsed on aTr aecruals basis. Expendltuie includes any VAT which
cannot be fully recovered, alld 15 reported a5 part ol the expenditure to which il
relates.
Expendlture on
These cornprlse the to8t$ assoclaled with attractlng voluniary income, fundraising
rai8ing funds
Iradlng c08ts and Inve$trnent management cosls.
Expenditure on
These comprlse the costs Incurred by the Charlty In the delivery ol its activitie5 and
charllable actlvities Services in Ihe lurtheraace ol Ils objecls. including the making ol grants and
governance cost5.
All grant expenditure is accounted lor on an actual paid basis plus an a¢¢rual lor
grants that have been approved by the trustees at Ihe end ol the year bul nol yel
pald.
These include Ihose cos18 associated with rneeling the constllullonal and statutory
requirement5 01 the Charity, including any audillindependenl examiTralion lees,
ost5 linked to the slralegic rnanagemenl ol the Charlty, together wlth a Share ol
other administration costs.
Other expenditure These are support costs not allocated to a particular acllvity.
Grants payable
Governance costs
Taxation
The charity18 exempt frorn corpo¥allon lax on 11$ charitable activities.
Freehold investment properly
Investment properties are measured initially at Cost and subsequentty at lair value at each balance Sheet
date and are not depreciated. All gairis or l(wes are taken to the Statement ol Financial Activities a8 they
arise.
Slocks
Stock 18 Intludeil at the lower ol cost o¥ net realisable value. Donated ilern$ of stock ale recognised al laif
value whlch 1$ the amount the charity would have been willing to pay loi the items on the open market.
T¥ade and other debtors
Trade and other debtors are recognised at the 8eltlemenl amount due after afty trade dI￿ount ollered.
Prepayment8 are valued at the amount prepald nel ol any trade dlscounts due.
Cash and cash equivalents
Cash and cash equlvalenls comprlse cash at bank and on hand, demand depo$it8 Wlth banks and other
short-term highly Ilquld Inve$lrnents wllh orlglnal malurltles ol three months or less and bank overdralls.
In the statement ol Ilnanclal posltlon, bank overdrafts are shown wlthln borrowlnus or curient Ilabllltle$.
In the Statement ol Cash Flows, cash and cash equivalents are shown nel of bank overdralls that are
repayable on dernand and lofrn an Integral part ol the COFnpany's cash managernent.
Trade and other creditors
Short term credltors are measured at Ihe t¥ansa¢tion prlce. Other creditors and provKiion$ are recognised
where the charity has a present obllgatlon resultlng from a past event that will probably result in the
transfer ol funds lo a thlrd party and the amount due lo settle the obligation can be measured or
estimated reliably. Credllors and provisions are Normally recognised at their seltlemellt amount aller
allowing lor any trade discounts due.
Page1C

Omega Fife Ministries
Notes to the Accounls
Research and development
Expendlture on reseaich and developrnent is written oll In the year in which it 1$ incurred.
Foreign currencies
Monetary assets and Ilabllltles denomlllated in currencies other than the luTrclional currency ol the
charity are translated at the rate$ ol exchange prevaillng al the eno ol the reporling period.
Tian8action8 in currencies other than the functional curfency ol the charity are recorded al the rate of
exchange on the date that the transaction occurred.
All exchange diflerences are are taken Inlo account in arrlving ai nel Ineomelexpenditure.
Leased a￿et
Where the charlty enters Into a lease which entails iakillg sub5tantlally all the risk8 and rewartFs ol
ownership ol an asset, the lease Is treated as a finance lease.
Leases which do nol traTr5fer subslanllalfy all the risls and rewaids ol owfter8hlp to charity are cl33$111ed
as operaiing leases.
Assets hekl under finance leases ale Inltlally re¢oonl8ed as a¥sets ol the charlly at Iheii fair value at the
In¢eptlon ol the lease or, if lower, at the tIrese￿I value ol the minimum lease payments. The
correspondlng Ilabillly lo the lesyor is included In the balance Sheet date as a Ilnance lease obligation.
Lease payments are apportioned between finance expenses and reduction ol the lease obligation so as ti
achieve a constallt fate ol Interest on the remaining balance ol the liability. Finance expense8 afe
recogni5ed lrnmediately, unless they are directly atlrlbutable lo qualitying assets, In which case they are
capllallsed in accordance with the charity's pollty on boirowing cost$.
Assets held undef tlnance leases are depTeci3ted In the same way a8 owned assets.
Operating lease paymelli$ are recognised a$ an expense on a 8tfalghl-Ilne basls over the lea8e tefm.
In the event that lease incenllve8 afe received to enter into opefatlng leases. such incentives are
recognt3ed as a liability. The aogregale benefit of incelltlve3 Is recognised as a reducllon ol renial
expense on a slraiohl-line basis.
Pension costs
The charily operates a dellned conlrlbution plan lor 11$ ernployees. A defined contflbullon plan is a
penslon plan under which ihe tompany pa￿ lixed contributions Into a separate entity. Once the
contributions have been pald the cornpany has no turther payrnents obligatbons. The conlributlOll5 ale
recogni8ed as expense5 when they fall due. Amounts not pald are shown in accruals In the balance Sheet.
The asse18 ol the plan are heli1 gepafately Irorn the company Indepetidentty adminl8tered lund3.
Reeeipl ol donated goods. facilities and services
All donated goods. f3cilitie5 and servlce8 recelved are recounlsed wllhln Incomillg re$ources and
expendlture at an e8timaie ol ihe value to the charity.
2 Company slalus
The company18 a prlvate company limlted by guarantee and consequently does not have share capltal.
Paoe 11

Omega Fire Ministries
Notes to Ihe Accounls
3 Statement ol Financial Activities- piior year
Unrestricted
funds Total lulld:
2021
2021
Income and enOowment$ Irom..
Donatlons and legacies
Total
101,967
101,967
101,g67
101,967
Expenditljre on..
Charitable aEtivllies
99.622
99,622
99,622
99,622
Total
Net income
2,345
Nel income belofe other
gainslllossesl
Other gains and Ios8es'.
Net movement in funds
2.345
2,345
2,345
2,345
Reconciliation ol funds-
Total tunds bioughl forward
Total funds carlied forward
28,473
30,818
28,473
30,818
4 Income from donations and legacies
Unre$tflCted
Total
2022
Total
2021
68,501
68,501
68,501
68,501
101.967
101.967
5 Expenditure on charitable activities
Unrestricted
Total
2022
Total
2021
E¥penditure on charltable
aclivltl8$
76,532
76,532
92.681
Gov8rn&nc8 costs
Bank Charges
Depreclatbon
Professional Fees
204
1,216
4,450
82,402
204
1,216
4,450
82,402
602
1.239
5,100
99,622
6 Statf costs
No ernployee received emolurnents In excess 01 £60.000.
Page 12

Omega Fire Ministrie$
Notes to the Accounts
7 Tangible lixeo assets
Cost or revaluation
At 1 September 2021
Ad(Iltlons
At 31 Aucust 2022
Depreciation and
Impaiiment
At 1 September 2021
Oepreclation charoe lor the
year
At 31 August W22
Net book values
At 31 August 2022
At 31 August 2021
8 Creditor$.'
amount3 lalllng due ¥vithlTr year
969
1,109
2,078
9,454
10,423
1,109
11.532
9,454
603
4.175
4.778
266
950
1,216
869
5,125
1.209
366
4,329
5,279
5,538
5,645
2022
Bank loans and overdrafts
Atcruals
23,107
4.450
27,557
27,499
6.05Q
33,549
9 Movement in luntt
Incoming
iesourtes
lincluoing
At1
other
Septemt*er gainsllosses
2021
Resources
expenoed
At31
Auoust
2022
Re$iricted lund$.'
Unwestricted funds..
General funds
30.818
68,501
182,4021
16,917
Total funds
10 Analysi$ of net asset3 between fund5
30,818
68.501
182,4021
16,917
Unre$tricted
lun0$
Restricted
lunds
Total
Fixed assets
Net current assets
5,538
123,1071
117,5691
5.538
11,379
16,917
34,486
34,486
Paoe13

Omega Fire Ministries
Notes to the Accounts
11 Reconciliatioll ol nel debt
At1
September
2021
At31
Auou9t
2022
Cash flows
Cash and cash equivalenls
58,722
58.722
119.7861
119,7861
38,936
38.936
Bank loans
127,4991
127,4991
4.392
4,392
123.1071
123,1071
Net debt
31,223
115.3941
15,829
12 Ae131ed party disclosures
Controllingparty
The company is limited by guaianlee ha3 no 3hare capital," thus no $infjle party contiols the company.
Page14

Omega Fire Mlnistrie¥
Detailed Statement tsf Financial Activities
lor the year ended 31 August 2022
Unrestricted
lunos Total funds Total funds
2022
2022
2021
Incorne and endowments Iroffl..
Donations and legacies
68,501
68,501
68.501
68,501
68,501
68,501
101,967
101,967
101.967
Total incorne and endowrnenls
Expendiluie on..
Charitable activities
76.532
76.532
76,532
76,532
92,681
92.681
Governance cost8
Bank Charges
Depre¢latlon
Pfoles84onal Fees
204
1,216
4,450
5,870
602
1.239
5.100
6.941
1,216
4.450
5,870
Total ot expenditure on charitable
82,402
82.402
99,622
To121 expenditUTe
Nel gains on investmenls
82,402
82.402
99,622
Nel lexpellditurellincorne
I13,￿)1)
113.9)11
2,345
Net lexpenditurellincome belore
other gainslllossesl
Other Galns
113.9011
113,9011
2,345
Net movement in fund$
I13.￿1)
113.9011
2.345
Reconciliation ol luntts..
Total lund8 brought lorwai
30.818
30.818
28,473
Tolal funds carried torward
16,917
16,917
30.818
Page15