## MOUNT OLIVE EVANGELICAL MINISTRY ## ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 ## CHARITY REGISTRATION NUMBER 1150571 The trustees present their annual report and the unaudited accounts for the year ended 31 March ## 2024 ## Trustees: Rev Lawrence Ansu Rev Kate Ansu Mr Kwau Sefa ## YEAR ENDED 31 August 2024 ## STRUCTURE, GOVERNANCE AND MANAGEMENT ## Background MOEM is a growing church in Northampton raised to proclaim the Gospel of Jesus Christ, inspiring hope, Developing, Imparting, Impacting and Releasing both the young and old into their Destinies thus making the experience of the Joy of the Lord and the achievement of purpose a reality. It is a Christ Centred, Multi-Cultural, Family-Oriented Church that teaches the word truthfully and demonstrates the Abundant Life through the Holy Spirit and the Living word of God holistically. Also engaging spiritual gifts, skills, and talents both in the Kingdom of God and local community - connecting people to Christ by testifying and serving needs; One soul at a time ## Governing document The Charity is governed by its constitution adopted several years ago. There are no restrictions in the governing documents on the operation of the charity or on its investment powers other than those imposed by general charity Law. ## Leadership Team The Leadership Team is responsible for the administration and management of the local church, general purposes, finances and personnel. Capital projects and expenditure require the approval of the leadership team. This team meets regularly to discuss and plan objectives and implementation thereof. All matters are subject to prayer and God's direction. Appointments of officers are governed by the constitution of the church. ## Trustee Induction and Training New trustees undergo orientation where they are briefed on their legal obligations under Charity Law, the content of the constitution and the processes on decision making within the organisation. The Charity encourages trustees to attend, at their discretion; appropriate external training events were these will be of use for the undertaking of the role. Trustee Lawrence Ansu Rev Lawrence Ansu ## Risk Management ## Risk management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The board of trustees actively review the major risks facing the charity on a regular basis and ensure measures are put in place to safeguard the charity's fund and assets. The trustees also ensure that legal advice is sought when necessary, on crucial issues concerning the ministry. ## OBJECTIVES AND ACTIVITIES We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. The vision of the church is "Saving souls and making them better through Christ." To help achieve this, the following objectives have been set: To expand and develop the ministry of MOEM through Sunday and mid-week worship services, children's ministries, youth ministries, prayer and ministry training, bible studies and small groups meetings. To minister to the congregation and the local community through family life, relationship and other ministry programmes. To establish social programmes to provide food, clothes and shelter for the needy and care for the sick. To educate and equip the congregation and other churches in the practice of ministry through MOEM based conference. ## MOUNT OLIVE EVANGELICAL MINISTRY INDEPENDENT EXAMINERS REPORT TO THE MEMBERS OF MOUNT OLIVE EVANGELICAL MINISTRY YEAR ENDED 31 MARCH 2024 I report on the accounts of the charity for the year ended 31 March 2024 which are set out on pages 6 to 12. RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the charities Act 2011 (the 2011 act) and that an independent examination is needed. Having satisfied myself that the charity is not subject to audit and is eligible for independent examination, it is my responsibility to: • examine the accounts under section 145 of the 2011 Act. • to follow the procedures laid down in the general directions given by the Charity Commission under section 145 (5)(b) of the 2011 Act and • to state whether particular matters have come to my attention ## BASIS OF INDEPENDENT EXAMINERS REPORT My examination was carried out in accordance with the general directions given by the charity commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosure 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 subsequently and subsequently no opinion is given as to whether the accounts present a true and fair view, and the report is limited to those matters set out below. ## INDEPENDENT EXAMINER’S STATEMENT In connection to my examination no matter has come to my attention: Which gives me reasonable cause to believe that in any material respect the requirements: - To keep accounting records in accordance with section 386 of the companies Act 2006 and - To prepare accounts which agree with the accounting records, comply with the accounting requirements of section 396 of the companies Act 2006 and with the methods and principles of the Statement of Recommenced Practice. Accounting and reporting standards have been met and for that matter no action is required. ## Joshua Quartey ## Independent Examiner Quartey Accountancy 20 Lewis Terrace, Northampton NN5 7GE ## _JoshuaQuartey_ ## _10/01/2025_ ## **INCOME AND EXPENDITURE ACCOUNTS FOR THE YEAR ENDED** ## **31 MARCH 2024** |Notes
INCOMING RESPURCES
Incoming resources from generating funds:
Voluntary income
2
Investment
income
3
Incoming resources from charitable activities
4
TOTAL INCOMING
RESOURCES
RESOURCES EXPENDED
5.6
Charitable
activities
7
Governance costs
TOTAL RESOURCES
EXPENDED
NET INCOMING/(OUTGOING ) RESOURCES FOR THE YEAR
8
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD|Total Funds
2024
£
158900
259
3707
162866
141200
10009
151209
11657
8403
20060|Total funds
2023
£
2888
150
2738
139628
127300
8425
135725
3903
4500
8403| |---|---|---| ## **BALANCE SHEET FOR THE YEAR NDED** ## **31 MARCH 2024** |Note
FXED ASSETS
10
Tangible assets
CURRENT ASSETS
Cash at bank
CREDITORS: Amounts falling due within one year
11
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
Unrestricted income funds
12
TOTAL FUNDS|£
20070
-1450|2024
£
8640
18620|10250
-2410|2023
£
9520
7840| |---|---|---|---|---| |||||| |||27260||17360| |||27260||17360| |||27260||17360| ## COSTS OF CHARITABLE ACTIVITIES BY FUND TYPE |Telephone
Honorarium
Donations & Charities
Pastoral & Members Welfare
Media, Mission& Outreach
Rent, Repairs & Premises
Expenses
Services& Church expenses
Gross wages& NI
Subscriptions & Insurance|**Unrestricted**
**Total**
**funds**
Total funds
**funds**
**2024**
2023
**£**
**£**
£
**1,400**
**1,400**
1,540
**3,400**
**3,400**
2,000
**2,050**
**2,050**
38,040
**6,800**
**6,800**
22,500
**16,850**
**16,850**
15,800
**26,500**
**26,500**
24,500
**63,500**
**63,500**
2,500
**19,850**
**19,850**
19,600
**850**
**850**
820
**141,200**
**141,200**
127,300| |---|---| ## COSTS OF CHARITABLE ACTIVITIES BY ACTIVITY TYPE |Telephone
Honorarium
Donations & Charities
Pastoral & Members
Welfare
Media, Mission&
Outreach
Rent, Repairs & Premises
Expenses
Miscellaneous Motor
Expenses
Gross wages& NI
Subscriptions & Insurance|**Unrestricted**
**Total**
**funds**
Total funds
**funds**
**2023**
2022
**£**
**£**
£
**1,560**
**1,560**
1,540
**3,500**
**3,500**
2,000
**30,540**
**30,540**
38,040
**34,100**
**6,800**
22,500
**16,850**
**16,850**
15,800
**26,500**
**26,500**
24,500
**6,800**
**34,100**
2,500
**20,500**
**20,500**
19,600
**850**
**850**
820
**141,200**
**141,200**
127,300| |---|---|