Ome¥a Flre Minlstrie5 Charlty No. 1149970 Company No. 08178227 Trustee5' Report and Unaud￿ed Atcounls 31 Auiv5t Z023 OmeEa Fire Mlntsirfes Cohtents Pages Trusiee5' Annual Report 3104 IndependÈnt Examiner's Report Statement of Financial Activities Summary Income and Expenditure Account Balance Sheet siatement of Cash flows Notes to theAtcouTht5 1010 15 Detailed Slatement of Financial Activities 16to Pa8e I Omeza Firt MlnSstries Trustees Annual Report The trL4Stees, who are also directors of the £h3rily for the purposes of the Companie5 Act 2006. present their report with the unaudited financial statement5 01 the charity for the year ended 31 August 2023. REFERENCE ANO ADMINISTRATIVE DETAILS Company 140. 08178227 Charlty No. 1149970 Reilstertd Offic• 86 Hatfield Dagenham London RM9 615 Directors and Trustees The Directors ol the charitable cornpany are it5 Trustees lor the purposes of charity law. The follgwing Directors and Trustee5 served during the year.. M. lalloh O. Nehigle E. Onojedje Attountants E8D A550ciate5 5A Market Street East Ham London E62RH oBJE￿IVEs AND ACTIVITIES Omeca Fire Ministrie5 Trustets Annual Report The main actlvlfies undertaken in relation to those pvrp05es. ThÈorganisation coniinues to strive in its purpose of providin8 Christian faiih acr055 the local communiiy Sector and provide ihe necessary 5UPPOrt for all Ihgse wifhin rhe Immediate community We are mindful ihat to expand on this work. it 15 neiessary to find a more permanent base to faciliiaie the work that Omega Is undertaking a5 the continued expendiiure on reni Is nor sustainable and the current premises place5 a tremendous burden on the outreach work that Omegawould like to expand upon.The orKanisation has managed to ear mark a few PToperties over the course of ihe year however the soaring costs of propertie5 particularly the magniiude required by Omega has rnade the or8anisaiion cauriou5 as to any financial strain fhai would impacL the nature of the work acr055 the board.Member5 have contlnUEd in their donation to 5UPPOrt the or8anisation despite the diffi£ult economic climatc Wc however aware that tho current economic climate places a strain on member5. Our work thin our communiiy and acioss the cornrnunitv sodor has proved succe55ful and our collaboration wilh OLherspccialised. chariiableorganisations In the work of children and youn8 people re83rding mental health nd the on80in8 issue of the gan8 and knife crirnt culture and is now an irnportani èspeci ofour work. Ithou6h there is Still a 518nificant arnount ol work refflainifi8. We intend ro continue this basis and plan io continuein this arena a5 rhe demand ¢ontinue5. Achieyemeni and Perforrnances TV Min15lry.' Our now collaboration with sister £hurches acr055 Africa through a live sirearning feed called- Celebraiion TV allow5 both worshippin8 and conlerencts to be shared re8ardle55 01 tho tirne festriciions and Iho Continental destinarion.we have lound Ihat we are now supported not only locally but Internationally Ihercfore enabling us to undorsiand the needs of one anothtr and olfer Lhe relevant 5UPPDrt were needed. Thi5 ha5 proved to be Immensely productive In terms ol supporter5 and volunteers as they are now able to help those in lar 8reater need. We undersrand rho¢ thi5 rèquires a great deal off financial 5UPPOrt, but ihe impact of this project ha5 enabled wme tremendous work io be undertaken.As a result of ih15 conlinued succe55. we ha¥È now beon able to see the need5 re#uired In some of ihe communitie5 and thou8h Il Is Our Intention te support our empha515 will rtmain on ihe needs and requirernents of the Immediate community In the UK. Scholarship Program5 IYgun8 People. The 1nrroduciion ol this pro8¢am serves In helpins th05@ young people who Iniond to undertake further eduiation at university This enable5 US to support Ihose Individua15 wilh C05l5 toward5 their tuition and livin8 accornmodation. We Identify Sfudent5 who we Intend to support ai the start of September 2024. Coupled with this we have also Inrroduced a mÈntorin8 SllPPOrt pro8ram that is bein8 5UPPgrted by professional mernbers We are hopin8 that Ihis will help lo inspire and encourage ihe young people in our comrnunity whatover Lheir chosen educalional of careei mi8ht be Ministry Trainin8. Omcga Inrendsro creaie a legacy ol empowered leader$ 50 thatthe organisation will continue ro be effective. Our first Cohort of six ministerial Irainees will effettively cornpleie trainin8 Wlthin the next twolve months enabling u5 lo fulfil our wor* locally and nationally. We are also encouraged by Ihe faci Ihat ¥ve have èr? additional cohort of four new Individua15 who will also undertake rheir ¢rainin8 at thè stèrt ol October2024 Further encoura8ernenl 15 gained as Individuals are a mix of male and female and u5 under the age of twenty-live. Pastoral Care.- Our desire within the church and community Is ro offer unwaverin8 support for those that are sick and elderly. WE See this as an Imponont p4rt of OUT minjstry and one we seek to expand upon as Ihe demand for Ihis ha5 risen. Ministry EYEr)t5'.We are of rhe belief ihat educatin8 our members and those within the tommunily is imperative. Our collaboratlDn with Sirnilar OT8ani5ation5 prLw¢din8 seminars and work5hop5 15 e55ential post-Covid-19. P?ge 3 Ome8a Flie Mlnistrie5 Tw$tee5 Annual Report The Trustees are respon&ble for keepin8 proper acctyJwin8 records Ihat dixIc￿ with reasonable accuracy ai any time the financial position of the charit¥ and to enable them ro en5urÈ thar the financial staiements comply wilh the Cornpanies Act 21XJ6. The Trustees are also responsible lor 5afeguardin8 the a55ets Df the chafi¢y and henco taking reasonable Steps for the prevention and detection ol frau¢J and other Irre8ulariiies. The above report has been prepared In a£cordance with the provis*on5 appli(able io cornpanie5 subject io the 5rnall companies regirnE as set oui In Part IS of the Companies Act 2W6 and in accordance with the Charitie5 SORP IFRS 1021. 5i8ned be If ol the board E. Onvi ie Trustee 31 March 2D24 Page 4 Omega FSre Ministrles Statement of Financial Activitie5 for the year ended 31 AuKllSt 2023 Unrestricted funds Total fvnds Total funds 2023 2023 2022 14otes Incomt and Èndowments from.. Donations and leBacie5 92.696 92.696 68.501 Toial 92.696 92.696 68.501 Expenditure on: Charitable activities 91,789 91,789 82,402 Total 91.789 91,789 82,402 Net gains on Investmenis Net Incomellexpenditurel Transfer5 between fund5 907 907 113.9011 Net incomellexpenditurel before oiher gainslllossesl 907 907 113,9011 Other ialns and losses Nèt movement In funds 907 907 113.9011 Rètontlllatlon of lunds: Total funds brou8ht forward 16,917 16,917 30,818 Total funds carried forward 17.824 17,824 16,917 Omega Fire Ministrles Summary Income and Expendlture Account for the year ended 31 August Z023 2023 2022 Income 92.696 68,501 Gross Incorne lor the year Expenditure 91.789 82,402 Total expenditure for the year Net incomelle¥pendilurel before tax lor the year 91.789 82.402 907 113,9011 Net Income Ilexpenditure Ifor the ye•r 907 113,9011 Omega Fire Mlnistries Balance Sheet at 31 Au8U5t 2023 Company No. 08178227 Notes 2023 2022 Fixed assets Tangible assets 8.861 8.861 5,538 5.538 Current a55et5 Cash at bank and in hand 31.151 31.151 122.1881 8.963 38,936 38,936 127,5571 11.379 Credltor5: Amount fallin8 due within one year Net current a$5ets Total a55ets1¢5s current Ilabilitles 17.824 16.917 Net asseis excludlng penslon assei or liablllty 17,824 16.917 Total net assets The funds of tht char￿Y Restrlcled fund5 Unrèstrirted fvnds General funds 17,824 16.917 16,917 Reserves Total funds 17,824 These atcounts have been prepared in attordance with the special provisions of Part IS of the Companies Act 2006 relating io small companies. For the year ended 31 August 2023 the company was eniitled to exemption under section 477 of the Companie5 Act 2006 relating to small companie5. rhe member5 have not required the company to Ob￿lTr an audil in accordance with section 476 of the Companies Act 2006 The directors acknowledge their re5pon51bilit¢e5 for complying with ihe requirements of the Companies Act 2006 with respeu io accounting records and the preparaiion of accounts. Approved by the board on 31 March 2024 And signed on its behalf by-. E. Onoje Trustee 31 March 2024 Ome¥a Fife Ministrie5 Statement of C35h flow5 lor the yea¥ ended 31 A¥ust 2013 2013 2012 Cash flows from operatini activitie5 N¢t in¢ornelleipenditurel per Statement of Flnandal Acil¥hbes 9)7 113,9011 Adlustmènts lor.. DL'preciai.on of property. plani and equiprnent 1,946 1,216 provlded byllused lfil aptrnti￿ artr¥iti•s 2.853 112.6851 Cash flows from Inv*stln8 *rtlvhl*s Payments for proptrty, pl4nt and equiprnent 15,2691 11.1091 Net c*sh us•d In Inv•stlnq artlvltl•s 15.2691 C¥5h Ilows from financing ani¥itiei RÈpaym¢nt Of borrowinB5 IS.3691 23,107 15.3691 23,107 17.7851 9.313 Cish and ¢ash •qulvalems ai the be¢lThThlw of the year 38,936 Ca¥h and