FAITH SALVATION MIRACLE C.HURCH (FSMC) TRUSTEES REPORT AND ACCOUNTS ST 31 MARCH 2025 71A BEULAH ROAD THORNTON HEATH CR7 8JG FAITH SALVATION MIRACLE CHURCH ST REPOR'r OF 'ri4E'I'RUSI'EES FOR THE YEAR ENDED 31 MARCII 2025. The truslees of the charity present thcir report with the financial statements of the chdrity for the ye(Ir ended 31" March 2023. The trustees have (Idopted the provisions uf thL StatLinenl of RcLommendLd Practice (SORP) 'ALcountinLtr and Repofling by Charilics, issuL'd in March 2005. RFFERFNCE AND ADMINISTRATIVE DETAILS Registered Charity Number 1157829 Registered office 7 IA BF.ULA14 ROAD TFIORN1'0N HLATH C:R7 8JG Tru%tees Pasl()r Daniel Agyei Tawiah Mr Disin()nd Pdul Tulu M8 Cccilia Odeycmi I"rustee (Chairnianl I"rii.st¢L' Trustcc In(leiiendent F.xaminers X-siar Maiiag7Lmciit SLrvices LimilL'd 53 SaxvillL' Road ()Ipiiigti)n, Kcnt BII5 3AN Bankcr Melro Bank I Suuthampton Row Lc)ndon WC1135HA A. STRUCTURE. GOVERNANCE AND MANAGEMENT a) Governing document ThL charity is conlrollL'd by Èts governingi document, Ihe Constitulion and constitutes a charity. as defined by the Charities Aci 2011. b) Membership of trustee board. The Irustees of the cliarity are also volunlary trustees for the purpn%es of charity law and under the charity's Constilulion are known as members ofthe Truslees BoaTd. e) Induction and trainin% of trustees All truslees are fdmiliar with the practical work of ihe church and have underlaken Irainingi to support iheir role. d) Organi$ational structurc Tlic Trustce Board mccts quarterly and a quarterly branch fcedback report is given at eacli ineeting. The BranLh Pastor has ihe responsibilily for the day lo day operational managcmL'nt of thc church supportcd by thL Assislant Puslor elLxied by the brnnch. e) Risk management Tlie TrustLY4 have a duly to identify and review ihe risk.% lo whiLh the Lharily 1% expo.*d and to Ln.sure dpproprialc controls are in placLi to provide ￿aSonabl¢ assurancc ag7ainst fraud and Lrror. IntL'mal conlrol risk.% arc miniiniscd by tlie implLmcniatic)n of proccdurcs for auihori.4ation of illl iransaLlion.4 and projeLt5. Pri)Lcdurcs and risk as￿5￿MentS are in plaLc to Ln%urL compli(IllLC wilh Health lind SafLty of volunteLts: mLmbcpi children: and visilors to the church. . OBJECTIVES AND ACTIVITIES ThL Lhurily's objL'Lls and its prinLipal dLlivily WL're: l. To advancL' Ihe Christian faiili in aLcordance with statcment ofbelicfs appLaring in the schedulLd herelo in London and in such other parts ofthe United Kingdom or the world. 2. To relieve persons who are in conditions of neL'd or hurdship. are eldcrly or sick. to train Pastors and to rel ieve thc distrcss caused thcrcby in London and such othcr parts of ihe Unitcd Kingdom or ihe world. 3. To promote and fullil SULh other charilable purposes benLficial to the community in London and in .such otlier parts of the United Kingdom or thc world. C. ACHIEVEMENT AND PERFORMANCE Made donations to charilies (orphaiiages) in Ghana and UK e.&. Trainingi lif 3 Pastors in Ghana Social Activitie.% at Brighton BeaLh Children get losvetlier Birtliday C'LIL'brations tor il)e children CelL'bratLd MoihL'r'.8 Day for tl?L' old ladiL".¥ in ihL' cliurLh 3-week Evangelistic carnpaigms in the church including outreach for the cliurch Preacliingi'% on Tuesdays and Thursdays on Nttrrowgate Riidio Wcllare i.4sucs includingi visitalions dnd donations ofcash. Leadcrsliip trainiiigv tor EldL'rs (Ind DL'unts {under Sodm 145 of the Charities Acl): To follow the procedures laid &)wn in the General Direcl#Jns given ty the Charity Commissioner (under Section 14515}Ibl of the Ch8ri1i8s Acll.. and To slale whelher particular malteis have to twr 8tt8nlion. Basis of Independent Examinefs rnport Our 8x8minalion was cArri&d out in accordance wilh the Genet81 Directions given by the Charily Commissioner. An examinatK)n inGludBs a Of1￿ w￿n11Th3 records kept by the Church and a comparison of the a(tounts presented wilh Ih08e rewrds. It a190 includes considerali¢￿ of any unusual items or disclosures In the accounts. and seeking ex￿a￿allonS from you as Iruslees wiGeming any suth rn8tte￿. The procedures undertaken do not provide 811 the evidence that woukl be required in an audit, and consequenlly opinion is given as lo whether the a¢CL)unls presenl a 'lTue fair. vivw and the report is Ilmlled to those matters sel out in Ihe slalement belty*. Independqnt Examiner's statement In GonngclK)n with our examInats'c￿. no matter hos come lo our attenlion: . whith gives us reasonable ￿U$0 lo believe thal in gny material rospecl the requirements • lo keep aco)unting records in accordanc* with Seclion 130 of the Chaiiltes Act; and • to prepare 8c(yJunls which aLxord with the accounting re￿rdS and c¥)mply with the accounling requirements of the Charilies Act Hgvg not been mel.. or 2. To which, in our opinion, aM&nlion should b8 drawn in order lo enable a proper underslanding of the accounts lo be reached. EMMANUEL NTIM. MSG. FCCA X-star Management Services Limited 53 Saxvllle Road Orpington Kent BR5 3AN Dated: 1110512025 FAITH SALVATION MIRACLE CHURCH STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31ST MARCH 2025 2025 2024 General Restricted Total Total INCOMING RESOURCE Voluntsry Incomg Gifi Ald Retums Activities in Support of Church object Sundry receipts Total 15.915 5.436 2.880 825 25,056 15.915 5.436 2.880 825 25,056 22,287 4.853 27,140 Resources Expended Chafitablo Expenditure Special Collections Building Project Benevolent Fund Management and Adminislralion 25,199 25.199 25.406 Totsl 25,199 25,199 25.406 Net Incomlng Resources -143 -143 1,734 Loss on Valuation of Assets Net Movemont in Funds -143 -143 1.734 Balan￿ Brought Forward 1,734 1.734 Transfers Balance Carried Forward 1,591 1,591 1,734 FAITH SALVATION MIRACLE CHURCH BALANCE SHEET AS AT 31ST MARCH 2025 2025 2025 2024 Note Non4ufrent Assets Tangible Fixed Assets Inveslments 960 960 Current Assets Bank and Cash Balance Prepayments 1,295 727 2,398 727 Current Liabilities Creditors falling due within one year Net Curent Assets 150 150 1,872 Net Assets 2,832 2,975 Funds Balance bm SurpluslDefitcit this year 2,975 -143 2,832 1,138 1,837 2.975 Name: Daniel A.Tawiah.(Chairman) Signature: Date: ../].- FAITh SALVATION MIRACLE CHURCH NOTES TO THE FINANCIAL STATEMENT- 31- MARCH. 2025 I. ACCOUNTING POUCIES The financial statements have been prepared in accordance with applicable accounting standards and the Charities SORP. The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value. The financi31 statements include all transactions, assets and liabilities for which the Church Council 15 responsible in law Restrlcted Funds represents donations or grants received for a specific object or invited by the Church Council for a specific object. The funds may only be expended on the specificobject for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund. Geneml Funds (Unrestrirted Funds) are general funds which can be used for Church Council ordinary purposes. 2. INCOMING RESOURCES Collections are recognised when made. Amounts receivable under covenant are recognised only when honoured by the covenanter. Income tax recoverable on covenanted or gift aid donations is recognised when claimable. Grants and legacies are accounted for as soon as the church council is notified of its entitlement. Funds raised by the fete and similar events are accounted for gross. 3. RESOURCES EXPENDED Grants and donations are accounted for when paid over. or when awarded, if that award creates a binding or constructive obligation on the Church Council. Amounts received specifically for mission are dealt with as restricted funds. All other expenditure is reco8nised when it is incurred and is accounted for 8ross. 4. FIXED ASSETS Other fixtures, fittings and office equipment are stated at cost when incurred. S. DEPRECIATION Musical Instruments 5 Years Straight-line method Furniture & Flttings 5 Years Slraight-line method Office Equipment 5 Years Slratght line on rrjst. FAITH SALVATION MIRACLE CHURCH NOTES TO THE FINANCIAL STATEMENTS- 31ST MARCH 2025 2 Incoming Resources 2024 2023 Generdl Restricted TOTAL TOTAL 2a Voluntsry Income General Fund Tithe Offering Thanks off8ring Grft Aid Retums Special Offering Other 5,365 8.230 2,320 5.436 2,880 825 25,056 5,365 8,230 2,320 5.436 2,880 825 25,056 22,287 4,853 27,140 Bullding Project Sundry Donations Totsl 25,056 25,056 27,140 2d Inventment Incomè Church Hall Lettings Interest, dividend and gains 10 FAITH SALVATION MIRACLE CHURCH NOTES TO THE ACCOUNTS- 31ST MARCH 2025 3 RESOURCES EXPENDED 2025 2025 2024 Manament & Admin Total Total Charltable Donation: Rent & Rates Council Tax Depreciation Waste Disposal Travel expense Accountancy Fees Repairs & RenevRIs Instrumenv Media Bank Charges Welfare Evangelism ExpenseslRetYeat Printing, Postage & Stationery Telephonel Intemet Insurance Utilities Vehicle Expenses General Administration TOTAL PAYMENTS 19.498 19,498 14,800 808 101 240 240 690 690 500 40 2,936 2,936 776 200 200 644 279 3,965 3,493 25,406 1,356 279 25.199 1,356 279 25,199 11 4. TANGIBLE FIXED ASSETS Machinery Musical In51rumenls Equipment Totsl COSTIVALUATION At 1 st April, 2024 Additions At 31sl March, 2025 867 1,200 2.067 668 1,535 1,200 2,735 668 Depreciation: Balance bfw and Cfvi Charge for the Year 867 240 1.107 567 101 668 1,434 341 1,775 Net Book Value As at 3110312025 960 960 As at 3010412024 6. Banklcash Balance Metro Bank Und8posit8d Cash 1,294 1,295 12