INCOME AND EXPENDITURE Prepared for MIRACLE TEMPLE ASSEMBLIES OF GOD CHURCH CHARITh NUMBER 1159256 FOR PERIOD 1ST JANUARY 2021 TO 31ST DECEMBER 2021
MIRACLE TEMPLE ASSEMBLIES OF GOD CHURCH CHURCH INFORMATION Charity Numbor 1159256 Trustoes Mr. Vincent Agyei Kusi Mr. Philip Lutterodt Ms. Martha Tbwmwaa Reglstored Offlce 68 Warren Way Glabe Fami Milton Keynes MK17 8TZ Examlners Trackrecords Management Servi5 Limited The Farthing Enterprise Centre Unit 10 39 Farthing Grove Netherfield Mifton Keynes MK6 4JH
MIRACLE TEMPLE ASSEMBLIES OF GOD CHURCH FOR THE YEAR ENDED 31 DECEMBER 2021 REPORTS The Trustees presents their report and financial sLgtements for the year ended 31st December 2021. Objects of the Charlty The objects of the Churth stated below have been set up to primarilly benefrt the public: (a) to advance the Christian faith in several ways and in different parts of the United lQngdom or the world as the Church Board from time to time may think fft (b) to relieve sickness and financial hardship and to promote and preserve good health by the provision of funds. goods or senrfices of any kind including the provision of counselling and support in such parts of the United Kingdom or the wodd as the Church Board from time to time think fft- and- Ic) to advance education in such ways and in such parts of the Unf(ed Kingdom or the world as the Church Board from time to time may think fit especially in parts of the UK lhere its users are drawn from, in particular in the advancement of education, the furtheran of health and the relief of povety. distress and sickness among children women and others are disadvantaged and the underprivileged. Acllvities of the Charity When planning the actiVleS of church for the year, the church board takes into account the the charrties commission guidance on publ benefft and, in particular. the specific guidan on charibes for the adVanrnent of religion. In particular the church board tries to enable ordinary people to live out their farth a$ part of our church through the followng activities: (a) Teaching from the Bibte (b) Worship. preaching and player (c) Provision of Pastoral care available for everyone Imng within the area (d) Evangelism outreach to the general communty (e) Food Bank {f) Visiting Hospitals and Prisong
MIRACLE TEMPLE ASSEMBLIES OF GOD CHURCH FOR THE YEAR ENDED 31 DECEMBER 2021 Achlevements and Perfomiance Te8ching From The Bible We offer a range of services during the and over the course of ihe year that all members as well as the communty find both benefictal and spiritual fuillIng. For example, we offer Monday evening Bible studies. vh)ith is very interactive. This gives everyone opportunities to engage in leaning more from the $iptureS and also to ask questions on areas that require explanations. This has been found to be very encouraging and effective and church both church members and the communty have found and continue to find this actprfty very useful. Worship, Prnaching and Prayer Our Friday haw night prayer Servi prowdes an intimate and reflective environment for worship and prayer. This year we have been successful in encouraging more families into our church and have encouraged christians from other churches to participate in this activty. Pastoral Ca We engage in pastoral care for church members who cannot make tt church due to illness. We have a dedicaled team of volunteers who visit all vtho are sick or unable to get out for any other reason to keep them in touch with church Itfe. Evangelism Helping to more souls for the church is an integral part of our fatth. We engaged in this activty by distribution tracks bmthin our local communty. Thls activty helped to raise awareness of Jesus and our church. Food Bank We offer f¢)od assistance to people within the Milton Keynes Communty who are in need Visiting Hospitals and Pnsons We ¢)ffer pastoral care to both non church and thurch members V•tJo have been imprisoned or admitted to hospitals
MIRACLE TEMPLE ASSEMBLIES OF GOD CHURCH FOR THE YEAR ENDED 31 DECEMBER 2021 Flnanclal Review of tho Charity The Charity's resutts for the year and its financial position at the end of the year are fully disclosed in the attached financial statements. The total income for the year amounted to £180,285.56 We are very grateful to all church members btho have generously given financially and all help offered in the last year5 to keep the church going. Tanglble red assets for use by the charlty The church obtained a freehold property in 2017. Commlttee of Membern. responsibilities The charity law requires the commtttee of members to prepare financial ststements for each financial year, bthich gtve a true view of the financial activtties of the charty and of its financial position at the end of that period. In preparing those financlal statements, the committee of members is required: a) Select suitable accounting policies and apply them consistently,. b) Make judgements and estimates that are reasonab and prudent", c) State whether the poliues adopted are in accordance with applicable accounting standards and statements of recommended accounting Practices. subject to any material departures disclosed and explaingj in the financial ststements,. d) Prepare financial statements on a going cOnM basis unless tl is inappropriate to assume that the charity wll continue in operation. The committee of members is responsible for keeping proper accounting records, lch discloses Imth reasonable accuracy at any time. the financial position of the charity and to enable thern to en$ure that the financial statements compty vAth Charities Act. They are also responsible for safeguarding the assets of the charity and hen for tsking reasonable steps for the prevention and detection of fraud and ¢)ther irregularities.
MIRACLE TEMPLE ASSEMBLIES OF GOD CHURCH FOR THE YEAR ENDED 31 DECEMBER 2021 Examlnors A resolution to appoint Messer Trackrecords Management Services Ltd as examiners for the ensuring year has been proposed and agreed at the annual general meeting in accordance wtth the Charf(ies Act. Approval The report vms approved by the committee of members on the 1 st February 2022 and signed on its behalf Rev Nana Sal Tweretwle
MIRACLE TEMPLE ASSEMBLIES OF GOD CHURCH FOR THE YEAR ENDED 31 DECEMBER 2021 Examlners Roport We have examined the financial statements in this report, vthich have been prepared follobmng the accounting policies, set out in the report. Rospoctive responslbllltles of trustees and examiners As described in report, the trustees of the mirac Teffl AssemblEs of God are responsible for the preparation of financial statements. It is our responsibilities to form an independent opinion. based on our examination, on the statements and to report our opinion to you. Basls of oplnlon We conducted our examination in accordan wtth standards chartty accounting and independent examination. The examination is on test basis. of the eviden relevant to the amount of disclosures in the financial statements. It indudes an assessment of the signtficant estimates and judgements made by the committee of the members in preparation of the financial statements and whether the accounting policies are appropriate to the charttls circumstance. consistently applied and adequatety disclosed. We planned and performed examination of the docUEnts to obtain all the information and explanations which we considered necessary in order to provide us sufficient evidence to give reasonable assurance that the financial sLements are free form material misstatements, whether caused by fraud or other IegularleS or error. In forming our opinion, also evaluated the overall adequacy of the presentation of the information in the statements. Oplnion In our opinion the financial statements give a fair view of the stste of the charities affairs at 31 Dernber 2021 and of tts surplus for the period ended and have properly prepared in accordance with regulations of Charities Act.
MIRACLE TEMPLE ASSEMBLIES OF GOD CHURCH FOR THE YEAR ENDED 31st DECEMBER 2021 1st February 2022 TrACKRECORDS MANAGEMEKf SERVICES UMrrED THE FARThING ENTERPRISE CEp¥fRE UNIT10, 39 FARTHING GROVE NETHERFIELD MILTON KEfNES MK6 4JH
MIRACLE TEMPLE ASSEMBLIES OF GOD CHURCH FOR PERIOD 1st January 2021 to 31st DECEMBER 2021 Income & Expendlture 2021 Unre8trfcted Funds Unrestricted Funds INCOME Total Offering Tithes Gift Aid Other income Food Bank Fundraising Departmental Offering Welfare Dues Bedford Church Offering Youth Offertng & Fundraising Sunday School Books Totsl Income 82,380.14 60,678.43 21.389.78 6,689.52 58,589.53 53.020.98 23,404.80 18.549.30 861.85 100.00 400.00 815.00 3,537.19 120.00 840.00 160,238.66 451.50 995.00 6.836.18 280.00 35.00 180,285.55 EXPENDITURE Pastoral Expenses Church Mortgage, Rate & Service Charge Mission Expenses Welfare Support Departmental Expenses Motor Expenses Donation, Gifts & Food Bank Expenses Depreciation & Equipment Expensed Premises Expen Fuel Expenses Refreshments Gtft Recovery Expense General Expenses (Various Purchase) Stationery & Postage Church Interest Loan Repayment Training Legal Expenses Administrator Fees & Software Advertising & Media Department Travel Insuran Expenses Subscriptions Bank Fees 23.252.44 3,533.60 22.048.28 13,604.47 575.00 2,100.86 3,958.03 2.403.88 12,081.73 3.755.31 1,580.05 1,000.00 5.037.01 2.614.83 5,901.04 7,650.00 205.00 4,904.80 2,139.16 2.367.22 3.223.86 1,931.19 78.65 125,946.41 54.339.14 33,430.39 7,438.66 17,073.82 2,100.98 329.98 3,003.10 4,046.80 9,077.44 10,048.08 2,883.97 788.87 1,500.00 13,379.20 1,745.27 750.00 0.00 0.00 3,916.80 2.923.08 520.00 3.313.31 2,281.88 78.49 120.630.12 39,608.53 NET PROFIT
MIRACLE TEMPLE ASSEMBLIES OF GOD CHURCH FOR PERIOD 1st January 2021 to 31st DECEMBER 2021 CONTINUING OPERATIONS: None of the Churches activities vHe acquired or discontinu&J during the above financial period TATEMEMf OF TOTAL RECOGNISED GAINS AND LOSSES There were no recconised gains or losses in the above financial period other than the results for the perbod and, accordingty no statement of total recognised gains and losses has been prepared. l approve the above accounts and confirn that I have made available all necessary inforniation for their preparation Rev Nana S i Tweretwie ACCOUNTANTS REPORT We have prnparpd the alx)ve accounts without canying out an audit and fmm infomiation from Mirncle Temple Assembli&s of GJS books and reGoKIs and explanatnS SUpppld to us. Trackrecords Management Services Ltd The Farthing Enterprise Centre Untt 10, 39 Farthing Grove Neth8rfield Milton Keynes MK64JH
MIRACLE TEMPLE ASSEMBLIES OF GOD CHURCH BALANCE SHEEr AS AT 31st DECEMBER 2021 2021 2020 FIXED ASSETS Tangible assets 343,136 344,196 CURRENT ASSETS Debtors Assemblies of God Incorporated Bedford Church Metro Bank 3,3(Ki 7.341 2.231 12.872 5,850 6,164 12,014 CREDITORS Amounts falling due 150.817 205,359 Net Current Assetsl (Liabilities) Total Assets Less Current LiatHlities -137.945 205,191 -193,344 150,852 NET ASSETS I (LIABILITIES) 205,191 150.862 CAPITAL & RESERVES Profft and loss accoLrnt Profit and loss reserve 54.339 150,852 206,191 39,609 111,244 150.852 In approving these finanal ststements as the Trustee of the Charity. I hereby confinn that these accounts have been prepar in accordance wtth the provisions applicable to th8 Charfties Act ..Trustee na Sei Tworetwie RevN The financial statsments were approved by the board of Trustees ...... .......... ......2022
MIRACLE TEMPLE ASSEMBLIES OF GOD CHURCH BALANCE SHEET AS AT 31st DECEMBER 2021 NOTES TO THE FINANCIAL STATEMENTS 1. AccouKfiNG POLICIES a) Basis of accounting The financial statements have been prepared under the historical cost convention. b) Income Income represents various financial donations red to fund the operations of the church c) Depreciation Depreciation is provided on tangible assets at rates calujlated to wrtte off the cost of each asset over its expected useful lrfe. The rates used on a reduung balance are as follow8: Equipment, Fixtures & Frtlings 25% straight line 2. INCOME The income and profft for the year is all attributed to the companys principal activity and all services have been provided to the Untled Kingdom market and some donations have been made to Ghana as aid. PENSIONS The Church operates a pension SChe through Scottish Widow 3. OPERATING PROFIT The operating profrt is stated after charging: 2021 Depreciation of tangible fixed assets Pastors remuneration included Pastors pension contributions 1,C60 17.295 1,520 19,875 TAX ON ORDINARY ACTivmES This represents corporation tax @0% based on wofft for the year on ordinary a1vitIeS
MIRACLE TEMPLE ASSEMBLIES OF GOD CHURCH BALANCE SHEET AS AT 31st DECEMBER 2021 NOTES TO THE FINANCIAL 8TATEMEKrs 5. TANGIBLE FIXED ASSETS Cost 344.196 31 st December 2021 Additions At 31st December 2021 344.196 Depreclatlon Charge for the year At 31st Dernber 2021 1,060 Net Book Value 31st December 2021 343.136 6. Debtors Debtors 7. CREDITORS-Amounts falling due more than 1 year Church Membets Loan Account Church Members Loan for Church Building Rounding Bank Loan 7.500 143,316 150.817
MIRACLE TEMPLE ASSEMBLIES OF GOD CHURCH FOR PERIOD ENDING 31st DECEMBER 2021 Detslled Income & Expendlture Unrestrlcted Funds INCOME 31 st Night Offering Bedford Church- 31st Ntqht Offering Bedford Offering Bedford Church- Har¥est Offering Childrens Offering First Fruit Offering Food Bank Donation Friday Offering Fundraising GiftAid Harvest Offering Men's Ministry Offering Other Revenue Revival Offering Saturday Offering Seed Offering Special Offering Sunday Offering Sunday School Books Thanksgiving Offering Thanksgiving - Bedford Church Tithes- Bettford Church Tithes Welfare Dues Women's Minislry Offering Youth Offering & Fundraising HMRC Furlough Payment Total Income 20.00 10.00 4,173.18 0.00 1,038.27 321.00 550.00 631.70 21,389.78 33.031.24 60.00 1,305.00 1,022.50 112.70 3,821.56 598.00 32,372.17 35.00 9.401.(J) 180.00 2.483.00 60,678.43 995.00 391.50 280.00 5.384.52 180.285.56 EXPENDITURE Administrator Fees Advertising & Media Department AOG (30A) AOG Membership Fees Bank charges Missions Expenses Broadband CCPAS - Subscription Church Bus ExFenses Church Car Expenses 4.600.00 2.139.16 1,800.1J) 100.00 78.65 22,048.28 305.04 16.80 1.752.36 348.50
Church Loan Interest Paymenl Council Tax Donalions & Food Bank Electrictty, Gas Bill. Health & Safety Fuel General Expenses Gift Gift Recovery Deductions Ground Rent Insurance Website Development & Maintenan Service Charge Pastors PAYE Paslors Pension Pastors Wages Refreshment Repair & Maintenance Soare For Accounts Stationery. Printing & Postage Subscriptions Sunday School Books Equipment Expensed Telephone Bill Training Travel Youth Department & Music Department Expenses Water Welfare Support Depreciation 5,901.04 4,252.15 458.03 5,976.46 3.755.31 5,037.01 3,500.00 1,000.00 120.00 3,223.86 205.00 3,413.60 4,437.26 1.520.04 17,295.14 1,180.05 605.52 304.80 2.010.90 14.39 603.93 1.343.95 942.56 7,650.00 2.367.22 575.00 400.00 13.604.47 1.059.93 125.946.41 NET PROFrr i LOSS 54.339.
Asset num FA-OCQ1 FAcl2 FA-0003 FA-O(MM FA-00)5 FA4XX FA-0007 FA41008 FA-0009 FA-0010 FA4J011 FA4N)12 FA-0013 FAiJ014 FA-0015 FA016 FA-0017 e21 0.00 0.00 o.oo 0.00 0.00 0.00 2 Mini Buses 2 Chairs 1 Drum 2 Keyboards 1 Base Gutiar 1 Bass Speaker 4 Speaker¥ 1 Console set 2 Lapt¢)PS 2 Compuler Sets 4 Telgw$ion sets 1 Office Table 1 Conference tab Vacuum cleaner Church Mortgaje Deposit Church Mortgage Deposii 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 28,023.LKJ 119,070 30 0.00 28,023.00 0.00 119,070.30 Itlll Musical Inslrum8nt FA-0018 Musical Instrument FA4J019 Drums FA-0020 Keyboard (Bedftydl FA-0021 Kerd FA-0022 Purchase of L(xJd Speaker FA-0023 Camera . 00832 FA-0024 Musical Instrument FA-0025 Musical Inslrumenl FA4J026 muSal Instrument FA-0027 Mus81 Instrument FA-0028 Musical Instrument FA-0029 Musical Instrument FA4)030 Musical Instrument FA-0031 Musul Snstrument FA-0032 Print8r FA33 Drums Building Totsl 0.00 0.00 0.00 0.00 0.00 3.75 23.32 43.75 40.10 5687 673.49 18.75 93.32 43,75 40.10 56.87 673.49 15.00 70.00 0.00 O.L 211.46 87.50 0.00 65.CQ 123.96 0.00 151.66 21666 -260 1.0.00 344,195.92 196,000.00 1059.93 343 135.9