REPORTS OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 FOR FIRE FOUNTAIN MINISTRIES INTERNATIONAL TH
CONTENTS CHURCH INFORMATION.................... TRUSTEES REPORT.................. INDEPENDENT EXAMINERS'S REPORT................ INCOME & EXPENDITURE ACCOUNT..... BALANCE SHEET......................... NOTES TO ACOUNTS........
ORGANISATION INFORMATION NAME OF ORGANISATION: FIRE FOUNTAIN MINISTRIES INTERNATIONAL TELEPHONE: 020 3669 3254 TRUSTEES: Pastor Daniel Danny Danquah Ms Nancy Williams Mr Michael Boateng Mrs Gifty Kyel Danquah Mr Benjamin Hagan REGISTERED OFFICE: I LAMMAS DRIVE BRAINTREE CM7 3U
STRUCTURE, GOVERNANCE AND MANAGEMENT Risk management The trustees have a duty to identify and review the risks to which the church is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The trustees confirm that considerations have been given to the major risks to which the church is exposed and that systems have been designed and established to mitigate those risks. OBJECTIVES AND AcfiviTIES Objectives and aims The objectives of the church are: The propagation of the gospel of Jesus Christ ii. The relief of poverty iii. Education The Trustees have given careful consideration to the Church's general guidance on public benefit. Activities during the year The Church continued its programme of reaching more people for God. The normal activities of Sunday and weekday services continued. Church fellowship on the last Fridays of the month continued to be a success. The church half way into the year moved to a new place of worship where the rent payable was much cheaper than the former leased premises. The trustees pray with reduced rent be able to spend more on evangelical programmes to attract new members into the church. The Church continued to be of immense assistance to members in diverse financial needs. Members continue to benefit from welfare assistance such as travelling support, accommodation assistance, amon8 Others. The church also provided strong 5UPPOrt to members and their families in times of joy and bereavement. The Church supported members at the sad times during funerals. Members were prayed for at such times and encouraged with the word of God. Sicknesses and ailments are part of life. On occasions when members or their families are hospitalised, prayers of deliverance were freely offered. Evangelism The church continued with its evangelistic mission through out the year ensuring that its message reaches a wider audience in the UK. The word of God was brought to the homes of many people through the distribution of audio messages of prayers and Sermons. The church prepared and distributed freely daily bible reading and prayer guide and also offered financial assistance to international faith organisations.
FINANCIAL REVIEW Reserves policy The Trustees acknowledge that it will require about £46,500 for three month's operation without any income. The general reserve is more than the safety level, and this level is to be maintained. The Trustees by strategic planning are to maintain the level of secured funds in the next 5 years by setting up a £15,200 reserve funds account with the bank. Operational income and expenditure For the year under review, the church made a financial surplus of £13,961 against (£31,749 deficit in 20241 Total offerings, donations and other income received was £298,3891£326,188 in 2024) this was down from last year. Total operating cost was £284,248 (£357,937 in 2024) this was down and mainly due to decrease Rent & Rates and Energy costs from changes in place of worship. Trustees believe that the emergence of social media have re-enforced the use of internet, phone apps, and tweeter, what's up and the Facebook as a future long- term strategy to expand the Ministry. Volunteer services The Trustees would like to mention the work of several dedicated volunteers whose contribution immensely contributed to the work at the church. The church benefited from these services provided free of charge. The trustees once again extend a big thank you to all its volunteers.
STATEMENT OF MANAGEMENT RESPONSIBILITIES The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustee5 to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to select Sultable accounting policies and then apply them consistently; observe the methods and principles in the non for profit SORP; make judgements and estimates that are reasonable and prudent; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the church will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the church and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ON BEHALF OF THE TRUSTEES: ?4rffA Signature
INDEPENDENT EXAMINER'S REPORT RESPECTIVE RESPONSIBILITIES OF MANAGEMENT AND EXAMINER: As the church trustees you are responsible for the preparation of the accounts. you consider that the audit requirement of section 43(21 of the Charities Act 1993 (the Act) does not apply. It is my responsibility to State, on the basi5 of procedures specified the General Directions given by the Charity Commissioners under section 43(71(bl of the Act, 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 bv 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 express an audit opinion on the view given by the accounts. INDEPENDENT EXAMINER'S STATEMENT: In connection with my examination, no matter has come to my attention, which gives me reasonable cause to believe, that any material respects the requirements l. to keep accounting records in accordance with section 41 of the Act and 2. to prepare account5 which accord with the accounting records and to comply with the accounting requirements of the Act has not been met. A Winful, FCCA EA WINFUL & ASSOCIATES CHARTERED CERTIFIED ACCOUNTANTS 18 HERO WALK ROCHESTER MEI 2UZ
FIRE FOUNTAIN MINISTRIES INTERNATIONAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 INCOME AND EXPENDITURE Notes Unrestricted Restricted 2025 2024 Incoming Resource5 Offering & Donations 247.164 247,164 272,830 Investment Income 2,282 2.282 3,623 Other Income 48,943 48,943 49.735 Total Income Resources 298,389 326,188 Resources Expanded C05t of Activitles 1284.4281 1357,9371 Total Resources Expanded 1284,428) 1357,9371 Net Incomin81 (Outgoing) Resources 13,961 131,7491 Funds brought forward 3010612024 101,131 132,880 Designated funds utilised Funds c3rried forward 3010612025 115,092 101,131 See note5 on the following pages for detailed analysis of income and expenditure CONTINUING OPERATION The Church continued to operate in its developed leased premises during the year. The entire capital expenditure is written off in the income and expenditure account durin8 the year. Gift aid income processed in the year and paid by the HMRC is shown as such under other income in the financial Statement Covenant partners continued their support of fixed monthly financial givings. The pandemic contributed in the decline in March to June income during the year. The trustees express their sincere appreciation to the entire members of the church and the covenant partners for their generious 8ivin85 espercially during the pandemic lockdown TOTAL RECOGNISED GAINS AND DEFICITS The church has no recognised gains or deficits other than the surplus for the current year The notes form part of these accounts.
FIRE FOUNTAIN MINISTRIES INTERNATIONAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 BALANCE SHEET AS AT 30TH JUNE 2025 FIXED ASSETS Note 2025 2024 Fixtures & Fittings 9,714 10,779 9,714 10,779 CURRENT ASSETS Trade Debtors Bank Savings Bank & Cash in hand 48,943 44,016 16,319 109,278 49,735 6,125 37,592 93,452 CREDITORS.. Amounts falling due within one year.. Trade Creditors 13.9001 13, 1001 13,9001 13, 1001 Net Current Assets / ILiabilities1 105,378 90,352 CREDITORS.. Amounts falling due for more than one year Loan Total Assets less Liabilities 115,09Z 101,131 UNRESTRICTED FUNDS brought forward Surplus for the year Designated funds Total Funds 101, 131 13,961 132,880 131,7491 115,09Z 101,131 IE) f>4rt944A Signature
FIRE FOUNTAIN MINISTRIES INTERNATIONAL FINANCIALSTATEMENTS FOR THE YEAR ENDED 30JUNE 2025 Notes to the Financial Statements ACCOUNTING POLICIES 1.1 Accounting Convention The accounts have been prepared under the historical cost convention, and in accordance with SORP 2 Accounting for Charities. 1.2 Exemption has been taken from preparing a cash flow statement on the grounds that the church 15 a small undertaking. 1.3 Incoming Resource5 Incomin8 Resources represents tithes. collections and donations income due in the year. 1.4 Fixtures & Fittings.. The value of Fixtures & Fittin8s, musical instruments capitalised are written off to expense at its life at IO% fixed rate depreciation Fixtures Cost @ 1107124 Additions (Fixtures & Fitting51 Sub total Cum Deprec Deprec @ io% NBV 33,151.95 2,500.00 35.651.95 22,373.08 3,S65.20 9,713.68 Depreciation charge for the year 13,5651
FIRE FOUNTAIN MINISTRIES INTERNATIONAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 Notes to the Financial Statements Notes 2025 2025 ZOZ5 2024 GENERAL OFFERINGS Offering Harvest Tithes Total Income Received Unrestricted 197,752 8,210 41,202 Restricted 197.752 8,210 41.202 247.164 189,888 27,271 55,671 272,830 INVESTMENT INCOME Bank interest Welfare saving interest Total Investment Income 432 1,850 432 1.850 2,282 965 2,658 3,623 OTHER INCOME Unrestricted Restricted Gift Aid Receivable Other grant Total Other Income 48,943 48.943 49,735 48,943 49,735 5a COST OF ACTIVITIES Premises Rent & Rate5 Gas & Electric Premises Cleanin8 & Maintenance Wages & Salary Ev3n8elism & Mission Charitable Welfare & Donations Transport, Motor & Travel Insurance Music & Sound maintenance Bank Char8es Off ice Admin & Telphone Publicity & Online programme Total Cost of Activities 1138.0971 12,4301 {32.5901 126.1831 129,0001 11.9001 118.8641 12.9081 111.1751 11,8121 19.4361 12,5691 1276.9631 1203,8911 122,397 11,0451 127,6621 129,566 14,8641 122,7841 13,2861 120,3001 12,8331 110,6061 12,2891 1351,5221 Depreciation charge for the year 13.5651 13,3151 5b GOVERNANCE Accounting & legal sc 13.9001 13,1001