Presson Tax Accountants Ltd
Chartered Certified Accountants/Chartered Tax Advisers
Rev Eric Otoo 90 Eltham Green Road Royal Borough of Greenwich London SE9 6BH RHEMA MIRACLE CENTRE ASSEMBLIES OF GOD
05 August 2026
Dear Eric ,
Accounts for Period ended 31/12/2025
Please find attached final accounts for RHEMA MIRACLE CENTRE ASSEMBLIES OF GOD for the period ended 31/12/2025 [including filleted/abbreviated accounts if appropriate].
Please review the attached carefully and if you are happy that the accounts can be approved please print out a set of each of the attached documents, obtain appropriate signatures at the foot of each Balance Sheet [and Directors Report, if relevant] and return the signed documents to this office.
Please do not hesitate to contact us if you have any queries.
Yours sincerely,
EVELYN WIREKO
2 Killerton Park Drive, West Bridgford, Nottingham, NG2 7SB TELEPHONE: 0115 798 0751 FAX: 0115 9847501 E-mail: info@pressontaxaccountants.co.uk
RHEMA MIRACLE CENTRE ASSEMBLIES OF GOD
Charity No. 1151024
Trustees' Report and Unaudited Accounts
31 December 2025
RHEMA MIRACLE CENTRE ASSEMBLIES OF GOD Contents
| Pages | |
|---|---|
| Trustees' Annual Report | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Statement of Cash flows | 5 |
| Notes to the Accounts | 6 |
| Detailed Statement of Financial Activities | 7 to 15 |
Page 1
RHEMA MIRACLE CENTRE ASSEMBLIES OF GOD Trustees Annual Report
RHEMA MIRACLE CENTRE ASSEMBLIES OF GOD
The trustees present their report with the unaudited financial statements of the charity for the year ended 31 December 2025.
REFERENCE AND ADMINISTRATIVE DETAILS
Charity No. 1151024
Principal Office
90 Eltham Green Road Royal Borough of Greenwich London SE9 6BH
Trustees
The following trustees served during the year:
Eric Otoo George Toworfe Michael Duah Nana Abena Amfo
Accountants
PRESSON TAX ACCOUNTANTS LTD 2 KILLERTON PARK DRIVE WEST BRIDGFORD NOTTINGHAM NG2 7SB
Bankers
Lloyds TSB Eastern Branch P O Box 1000, BX1 12LT
OBJECTIVES AND ACTIVITIES
Church activities
STRUCTURE, GOVERNANCE AND MANAGEMENT
The board of trustees which meet quarterly, can have up to five members to administrate the charity.
A deacon team of professionals are elected by all the church members to manage the day to day operation of the charity.
Statement of trustees' responsibilities in relation to the financial statements
The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Page 2
RHEMA MIRACLE CENTRE ASSEMBLIES OF GOD Trustees Annual Report
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the charity's trustees
Nana Abena Amfo Trustee 31 December 2025
Page 3
RHEMA MIRACLE CENTRE ASSEMBLIES OF GOD Independent Examiners Report
Independent Examiner's Report to the trustees of RHEMA MIRACLE CENTRE ASSEMBLIES OF GOD
I report to the trustees on my examination of the financial statements of RHEMA MIRACLE CENTRE ASSEMBLIES OF GOD for the year ended 31 December 2025.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
PRESSON TAX ACCOUNTANTS LTD 2 KILLERTON PARK DRIVE WEST BRIDGFORD NOTTINGHAM
NG2 7SB 31 December 2025
Page 4
RHEMA MIRACLE CENTRE ASSEMBLIES OF GOD Statement of Financial Activities
for the year ended 31 December 2025
| Notes Income and endowments from: Donations and legacies 3 Charitable activities 4 Total Expenditure on: Raising funds 5 Charitable activities 6 Other 7 Total Net gains on investments Net (expenditure)/income 8 Transfers between funds Net (expenditure)/income before other gains/(losses) Other gains and losses Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds |
Total funds | Total funds | |
|---|---|---|---|---|
| 2025 | 2025 | 2024 | ||
| £ | £ | £ | ||
| 110,452 | 110,452 | 111,125 | ||
| 12,151 | 12,151 | 4,645 | ||
| 122,603 | 122,603 | 115,770 | ||
| 13,187 | 13,187 | 538 | ||
| 7,917 | 7,917 | 17,056 | ||
| 104,798 | 104,798 | 71,832 | ||
| 125,902 | 125,902 | 89,426 | ||
| - | - | - | ||
| (3,299) | (3,299) | 26,344 | ||
| (55,000) | (55,000) | - | ||
| (58,299) | (58,299) | 26,344 | ||
| (58,299) | (58,299) | 26,344 | ||
| 85,022 | 85,022 | 58,678 | ||
| 26,723 | 26,723 | 85,022 | ||
Page 5
RHEMA MIRACLE CENTRE ASSEMBLIES OF GOD Balance Sheet
at 31 December 2025
| Charity No. 1151024 Fixed assets Tangible assets 11 Current assets Debtors 12 Cash at bank and in hand Creditors:Amount falling due within one year 13 Net current assets Total assets less current liabilities Creditors:Amounts falling due after more than one year 14 Provisions for liabilities 15 Net assets excluding pension asset or liability Total net assets The funds of the charity Restricted funds 16 Unrestricted funds 16 General funds Reserves 16 Total funds |
2025 £ 492,984 492,984 7,603 2,230 9,833 (1,722) 8,111 501,095 (449,006) (25,366) 26,723 26,723 26,723 26,723 26,723 |
2024 £ 2,984 |
|---|---|---|
| 2,984 19,741 62,297 |
||
| 82,038 - |
||
| 82,038 85,022 - - |
||
| 85,022 | ||
| 85,022 | ||
| 85,022 | ||
| 85,022 | ||
| 85,022 |
Approved by the trustees on 31 December 2025
And signed on their behalf by:
Nana Abena Amfo Trustee 31 December 2025
Page 6
RHEMA MIRACLE CENTRE ASSEMBLIES OF GOD Notes to the Accounts
for the year ended 31 December 2025
- 1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Fund accounting
-
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
-
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
-
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Income
-
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
-
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA.
-
Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
-
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 7
RHEMA MIRACLE CENTRE ASSEMBLIES OF GOD Notes to the Accounts
Expenditure
-
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
-
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
-
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
-
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
-
Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from tax on its charitable activities.
Freehold investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Page 8
RHEMA MIRACLE CENTRE ASSEMBLIES OF GOD Notes to the Accounts
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign currencies
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.
Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
Leased assets
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
Page 9
RHEMA MIRACLE CENTRE ASSEMBLIES OF GOD
Notes to the Accounts
2 Statement of Financial Activities - prior year
| 2 Statement of Financial Activities - prior year |
|||
|---|---|---|---|
| Income and endowments from: Donations and legacies Charitable activities Other Total Expenditure on: Raising funds Charitable activities Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 3 Income from donations and legacies 4 Income from charitable activities |
Unrestricted £ 39,531 70,921 110,452 Unrestricted £ 12,151 - 12,151 |
Unrestricted funds 2024 £ 46,272 4,645 64,853 115,770 538 17,056 71,832 89,426 26,344 26,344 26,344 58,678 85,022 Total 2025 £ 39,531 70,921 110,452 Total 2025 £ 12,151 - 12,151 |
Total funds 2024 £ 46,272 4,645 64,853 |
| 115,770 538 17,056 71,832 |
|||
| 89,426 | |||
| 26,344 | |||
| 26,344 | |||
| 26,344 58,678 |
|||
| 85,022 | |||
| Total 2024 £ 46,272 64,853 |
|||
| 111,125 | |||
| Total 2024 £ 1,400 3,245 |
|||
| 4,645 |
Page 10
RHEMA MIRACLE CENTRE ASSEMBLIES OF GOD
Notes to the Accounts
5 Expenditure on raising funds
| Costs of generating voluntary income 6 Expenditure on charitable activities Expenditure on charitable activities Governance costs 7 Other expenditure Bank loan and overdraft interest payable Employee costs Motor and travel costs Premises costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs Legal and professional costs 8 Net (expenditure)/income before transfers This is stated after charging: Depreciation of owned fixed assets |
Unrestricted £ 1,523 7,913 3,751 13,187 Unrestricted £ 7,817 100 7,917 Unrestricted £ 10,323 23,531 6,925 39,182 - 21,303 3,534 104,798 2025 £ - |
Total 2025 £ 1,523 7,913 3,751 13,187 Total 2025 £ 7,817 100 7,917 Total 2025 £ 10,323 23,531 6,925 39,182 - 21,303 3,534 104,798 |
Total 2024 £ 538 - - |
|---|---|---|---|
| 538 | |||
| Total 2024 £ 17,056 - |
|||
| 17,056 | |||
| Total 2024 £ - 23,323 2,583 29,161 1,491 14,324 950 |
|||
| 71,832 | |||
| 2024 £ 1,491 |
Page 11
RHEMA MIRACLE CENTRE ASSEMBLIES OF GOD Notes to the Accounts
- 9 Trustee remuneration and expenses
| Number of trustees paid expenses The nature of the reimbursed expenses Remuneration 10 Staff costs Salaries and wages No employee received emoluments in excess of £60,000. 11 Tangible fixed assets Land and buildings TFA 2 £ £ Cost or revaluation Additions 492,984 - At 31 December 2025 492,984 - Net book values At 31 December 2025 492,984 - 12 Debtors Other debtors 13 Creditors: amounts falling due within one year Bank loans and overdrafts Other creditors 14 Creditors: amounts falling due after more than one year Bank loans and overdrafts Other creditors |
Remuneration of £60,000. |
2025 Number - 2025 17,881 17,881 |
TFA 4 £ - - - |
2024 Number 1 2024 18,121 |
|---|---|---|---|---|
| 18,121 | ||||
| Total £ 492,984 |
||||
| TFA 2 | TFA 3 | |||
| £ - - - 2025 £ 7,603 7,603 2025 £ 164 1,558 1,722 2025 £ 339,006 110,000 449,006 |
||||
| 492,984 | ||||
| 492,984 | ||||
| 2024 £ 19,741 |
||||
| 19,741 | ||||
| 2024 £ - - |
||||
| - | ||||
| 2024 £ - - |
||||
| - |
Page 12
RHEMA MIRACLE CENTRE ASSEMBLIES OF GOD Notes to the Accounts
15 Provisions
| Movement for the year At 31 December 2025 16 Movement in funds At 1 January 2025 Restricted funds: Unrestricted funds: General funds 85,022 Total funds 85,022 17 Analysis of net assets between funds Fixed assets Net current assets Creditors due in more than one year and provisions 18 Reconciliation of net debt Cash and cash equivalents Bank overdrafts |
Incoming resources (including other gains/losses) £ 122,603 122,603 |
Resources expended £ (125,902) (125,902) Unrestricted funds £ 492,984 6,774 (25,366) 474,392 At 1 January 2025 £ |
Other provisions £ 25,366 25,366 Gross transfers £ (55,000) (55,000) Restricted funds £ - 1,337 (449,006) (447,669) Cash flows £ |
Total £ 25,366 |
|---|---|---|---|---|
| 25,366 | ||||
| At 31 December 2025 £ 26,723 |
||||
| 26,723 | ||||
| Total £ 492,984 8,111 (474,372) |
||||
| 26,723 | ||||
| At 31 December 2025 £ |
||||
| 62,297 | (60,067) | 2,230 | ||
| - | (164) | (164) | ||
| 62,297 - |
(60,231) | 2,066 (339,006) |
||
| Bank loans | (339,006) | |||
| Net debt | - 62,297 |
(339,006) (399,237) |
(339,006) | |
| (336,940) | ||||
Page 13
RHEMA MIRACLE CENTRE ASSEMBLIES OF GOD Statement of Cash flows for the year ended 31 December 2025
| Cash flows from operating activities Net (expenditure)/income per Statement of Financial Activities Adjustments for: Movement in provisions Decrease/(Increase) in trade and other receivables Increase/(Decrease) in trade and other payables Net cash provided by/(used in) operating activities Cash flows from investing activities Payments for property, plant and equipment Net cash (used in)/from investing activities Cash flows from financing activities Repayment of borrowings Net cash from financing activities Net (decrease)/increase in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year |
2025 £ (58,299) 25,366 12,138 111,558 90,763 (492,984) (492,984) 339,006 339,006 (63,215) 62,297 (918) |
2024 £ 26,344 - (19,741) (300) |
|---|---|---|
| (57,058) - |
||
| 64,853 | ||
| - | ||
| - | ||
| 7,795 | ||
| 54,503 | ||
| 62,298 | ||
| Components of cash and cash equivalents | ||
| Cash and bank balances | 2,230 | 62,297 |
| Bank overdrafts | (164) | - |
| 2,066 | 62,297 |
Page 14
RHEMA MIRACLE CENTRE ASSEMBLIES OF GOD Detailed Statement of Financial Activities
for the year ended 31 December 2025
| Income and endowments from: Donations and legacies Charitable activities Total income and endowments Expenditure on: Costs of generating donations and legacies Total of expenditure on raising funds Charitable activities Total of expenditure on charitable activities Other expenditure Bank loan and overdraft interest payable Employee costs Salaries/wages Staff recruitment Staff welfare Motor and travel costs Travel and subsistence Business mileage costs reimbursed |
Unrestricted funds 2025 £ 39,531 70,921 110,452 12,151 - 12,151 122,603 1,523 7,913 3,751 13,187 13,187 7,817 100 7,917 7,917 10,323 10,323 17,881 - 5,650 23,531 5,378 1,547 6,925 |
Total funds 2025 £ 39,531 70,921 110,452 12,151 - 12,151 122,603 1,523 7,913 3,751 13,187 13,187 7,817 100 7,917 7,917 10,323 10,323 17,881 - 5,650 23,531 5,378 1,547 6,925 |
Total funds 2024 £ 46,272 64,853 |
|---|---|---|---|
| 111,125 | |||
| 1,400 3,245 |
|||
| 4,645 | |||
| 115,770 538 - - |
|||
| 538 | |||
| 538 17,056 - |
|||
| 17,056 | |||
| 17,056 - |
|||
| - | |||
| 18,121 276 4,926 |
|||
| 23,323 | |||
| 2,583 - |
|||
| 2,583 |
Page 15
RHEMA MIRACLE CENTRE ASSEMBLIES OF GOD
Detailed Statement of Financial Activities
| Premises costs Rent Rates Premises repairs and maintenance General administrative costs, including depreciation and amortisation Bank charges Equipment expensed General insurances Postage and couriers Software, IT support and related costs Stationery and printing Subscriptions Sundry expenses Telephone, fax and broadband Legal and professional costs Audit/Independent examination fees Accountancy and bookkeeping Other legal and professional costs Total of expenditure of other costs Total expenditure Net gains on investments Net (expenditure)/income Transfers between funds Net (expenditure)/income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
13,599 883 24,700 39,182 - 71 - - - 3,591 629 5,289 10,706 1,017 21,303 600 - 2,934 3,534 104,798 125,902 - (3,299) (55,000) (58,299) - (58,299) 85,022 26,723 |
13,599 883 24,700 39,182 - 71 - - - 3,591 629 5,289 10,706 1,017 21,303 600 - 2,934 3,534 104,798 125,902 - (3,299) (55,000) (58,299) - (58,299) 85,022 26,723 |
29,161 - - |
|---|---|---|---|
| 29,161 | |||
| 1,491 89 270 203 764 2,276 1,486 3,381 4,915 940 |
|||
| 15,815 | |||
| - 950 - |
|||
| 950 | |||
| 71,832 | |||
| 89,426 - |
|||
| 26,344 - |
|||
| 26,344 - |
|||
| 26,344 | |||
| 58,678 | |||
| 85,022 |
Page 16