THE ANOINTED MINISTRY INTERNATIONAL
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 15[th] August 2021
CHARITY NUMBER: 1151885
THE ANOINTED MINISTRY INTERNATIONAL UNIT 7 ENTERPRISE CENTRE FAIRFAX HOUSE, OVERTON ROAD LONDON SW9 7JR
INDEX Page Index 1 Trustees 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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THE ANOINTED MINISTRY INTERNATIONAL
TRUSTEES’ REPORT YEAR ENDED 15[TH] AUGUST 2021
The trustees are pleased to present their report for the year ended 15[th] August 2021 for the charity, The Anointed Ministry International.
The Trustees of the charity are: Rev Alice Owusu Isaac Forson Sarah Boakye
The principal address of the charity is : Unit 7 Enterprise Centre Fairfax House, Overton road London SW9 7JR
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity governing document is a Trust Deed registered 14[th] Sept 2012 as amended by deed dated 25/03/2013.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 first to advance the Christian faith in accordance with the statement of beliefs for the benefit in the United Kingdom and in such other parts of the world as the trustees may think 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 held successful meetings through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. The organisation held several conferences during the year in which individuals came from all around the community to attend. This has produced good results in reaching and helping members of the community. The church now meets in a community hall in South London. The church sponsored the construction and furnishing of its branch church in Ghana.
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FINANCIAL REVIEW
The income of the charity is above £25,500. This is a good amount for this year of the charity the costs have been well managed over this period. The organisation is still in a good position to manage its costs. The main cost of the organisation was paying for the rent of its building that it uses for worship services.
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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 2[nd] September 2021 and signed on their behalf by:
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Independent Examiner’s Report To the Trustees
THE ANOINTED MINISTRY INTERNATIONAL
I report on the accounts of the church for the year ended 15[th] August 2021 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 43(2) of the Charities Act 1993 (the 1993 Act),does not apply. It is my responsibility to :
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Examine the accounts under section 43(3) of the 1993 Act.
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Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 43(7)(b) of the 1993 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 41 of the Act)
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accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 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 Business Services Generator Business Centre 95 Miles road Mitcham Surrey CR4 3FH
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THE ANOINTED MINISTRY INTERNATIONAL
ACCOUNTS FOR THE YEAR ENDED 15th August 2021
Receipts & Payments Account (General Purpose Fund)
| Income Receipts Donations Gift Aid Total Receipts Direct Charitable Expenditure Transport Welfare Rent Telephone & Internet Refreshments Light & Heat Church events Bank charges Rates Stationary & Printing Professional fees Admin Media Accounting services Office expenses Fixtures Consultancy fees Insurance Radio Other Expenditure Equipments Charity giving Mission Total Payments Net Receipts/(Payments) for the year Cash Funds brought forward Bank loan Cash Funds at the end of the year |
£/2021 £/2020 21526 20541 4025 4220 _ _ 25551 24761 _ _ 1661 2580 1107 6920 4454 3920 952 951 193 206 2528 2678 251 1685 48 44 85 493 199 258 0 6300 824 347 545 80 683 600 2500 2830 0 10760 150 1190 277 210 0 100 |
|---|---|
| 16457 42152 265 2835 327 648 24680 13427 |
|
| 25272 16910 41729 59062 -16178 -34301 303 303 16002 50000 127 16002 |
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THE ANOINTED MINISTRY INTERNATIONAL
2 Statements of Assets and Liabilities at 15th August 2021
| Cash Funds Bank Total Cash Funds Assets Retained for the Charity's Own use Equipments Fixtures & Fittings Liabilities Accounting fee Bank loan |
Unrestricted Funds £/2021 £/2020 £ 127 16002 |
|---|---|
| _ _ 127 16002 |
|
| _ _ 3180 3710 6886 8608 |
|
| _ _ 10066 1802 216 280 50000 50000 |
Approved by the Trustees and signed on their behalf:
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THE ANOINTED MINISTRY INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 15th August 2021
ACCOUNTING POLICIES
Basis of Accounting
These accounts have been prepared on the receipts and payments basis under section 42(3) of the Charities Act 1993.
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 no employee during the accounting year. All the other work of the organisation was undertaken by volunteers during the financila year.
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
Depreciaiton is calculated at 20% reducing balance method
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