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← Miracle Temple Assemblies Of God

2023-12-31-accounts

Trustees Rev Nena-Sei Tweretwie
Mr. Vincent Agyei Kusi
Mr. Philip Lutterodt
Ms. Martha Twumwaa
Registered Office 68 Warren Way
Glabe Farm
Milton Keynes
MK17 8TZ
Examiners Trackrecords
Management		 Services Limited
Unit 7Cochran Close
Crownhill
Milton Keynes
MK8 OAJ

MIRACLE TEMPLE ASSEMBLIESOF GOD CHURCH MIRACLE TEMPLE ASSEMBLIESOF GOD CHURCH
FOR PERIOD 1stJanuary 2023to 31stDECEMBER 2023
Income &Expenditure 2023 2022
Unrestricted Funds Unrestricted Funds
INCOME p F
Total Offering 146,217.32 86,941.40
Tithes 70,179.46 65,685.57
Gift Aid 29,461.85 26,211.79
Other income 603.94 1,846.20
Food Bank 450.00 581.01
Fundraising 324.00 401.00
Departmental
Offering		 741.40 2,416.70
Welfare Dues 1,050.00 965.00
Bedford Church
Offering		 10,079.53 7,846.48
Youth Offering
& Fundraising		 1,353.15 0.00
Building
Fund Contribution		 1,763.00 3,848.50
Sunday School Books 734.31 255.00
Sunday School Fundraising 741.00 0.00
Total Income 263,698.96 196,998.65
EXPENDITURE
Pastoral Expenses 47,402.79 36,206.01
Church
Mortgage,
Rate 8 Service Charge		 4,560.03 3,318.83
Mission Expenses 54,116.53 23,772.38
Welfare Support 19,351.23 6,247.98
Departmental
Expenses		 17,396.73 2,790.38
Motor Expenses 6,175.88 2,168.31
Donation,
Gifts &Food Bank Expenses		 6,660.00 14,269.48
Depreciation
& Equipment
Expensed		 7,268.54 2,723.84
Premises
Expenses		 21,906.55 21,640.19
Fuel Expenses 14,038.65 8,015.86
Mortgage
Loan Interest		 7,589.00 11,385.28
Refreshments 2,668.98 1,869.48
Gift Aid Recovery Expense 2,500.00 1,500.00
General Expenses (Various Purchase) 6,842.23 4,053.79
Stationery
&Postage		 1,528.18 2,166.25
Church
Interest
Loan Repayment		 0.00 500.00
Training 4,200.00 6,500.00
Website Maintenance 18.00 205.00
Administrator
Fees & Software		 4,009.60 4,047.37
Advertising
&Media Department		 90.00 68.07
Travel
Insurance
Expenses		 4,403.81
4,059.61		 6,533.36
2,129.44
Subscription
s		 5,87430 5,439.39
Bank Fees 212.99 143.96
242,873.63 167,694.65
NET PROFIT 20,825.33 29,304.00

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The operating
p		 rofit is stated after charging:
2023
Depreciation
of		 tangible
fixed assets		 228
Pastors remuneration
included		 37,240
Pastors pension contributions 779
38,246

Charge for the year 226
At 31st December 2023 22tt
Net 6 3V
1		 e31 10 0 2023 343,860

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Church
Members		 Loan Account 0
Church
Members		 i oan for church Building
Rounding 0
Bank Loan 105058
1D5,D56

Unrestricted Funds
6
INCOME
31st Night Offering 760.84
Bedford Church
-		 31st Night Offering 110.00
Bedford Offering 6,802.53
Building
Fund Contribution		 1,763.00
Childrens
Offering		 & Fundrasing 1,002.14
First Fruit Ofl'ering 19,822.75
Food Bank Donation 450.00
Friday Offering 2,224.80
Choir Dues, Offering, Fundraising 324.00
Gilt Aid 29,461.85
Harvest
Offering		 45,460.00
Men's Ministry
Offering		 250.00
Other Revenue 603.94
Seed Offering 15,876.43
Special Offering 2,944.56
Sunday
Offering		 48,580.80
Sunday School Books 734.31
Sunday School Fundraising 741.00
Thanksgiving
Offering		 9,435.00
Thanksgiving
- Bedford Church		 20.00
Tithes - Bedford Church 3,257.00
Tithes 70,179.46
Welfare Dues 1,050.00
Women's
Ministry		 Offering 491.40
Youth Offering
& Fundraising		 1,353.15
Total Income 263,698.96
Food Bank Expenses Food Bank Expenses 1,150.00
Fuel 14,038.65
General Expenses 6,842.23
Gift 5,510.00
Gift Aid Recovery Deductions 2,500.00
Insurance 4,059.61
Website Development &Maintenance 18.00
Service Charge 4,560.03
Pastors PAYE 9,384.43
Pastors Pension 778.86
Pastors Wages 37,239.50
Premises Expenses 2,359.00
Refreshment 2,668.98
Repair & Maintenance 2,913.34
Software ForAccounts 409.60
Stationery,
Printing		 & Postage 740.18
Subscriptions 1,374.30
Sunday School Books 788.00
Equipment
Expensed		 7,041.00
Telephone
Bill		 1,026.20
Training 4,200.00
Travel 4,403.81
Departmental
Expenses		 6,551.74
Wages &Salary 10,844.99
Welfare Support 19,351.23
Depreciation 227.54
242,8 3. 3

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Qesc. Asset number ~Cost B 8ddd ~Dh 23/23 N////-23/23
Car FA-0001 0.00 0.00 0.00 0.00
2 Mini Buses FA-0002 0.00 0.00 0.00 0.00
2 Chairs FA-0003 0.00 0.00 0.00 0.00
1 Drum FA-0004 0.00 0.00 0.00 0.00
2 Keyboards
o»
/		 FA-0005
FA QQQ6		 0.00
n Qn		 0.00
nen		 0.00
n nQ		 0.00
Q.QQ
1 Bass Speaker FA-0007 0.00 0.00 0.00 0.00
4 Speakers FA-0008 0.00 0.00 0.00 0.00
1 Console set FA-0009 0.00 0.00 0.00 0.00
2 Laptops FA-0010 0.00 0.00 0.00 0.00
2 Computer Sets FA-0011 0.00 0.00 0.00 0.00
4 Television sets FA-0012 0.00 0.00 0.00 0.00
1 Office Table FA-0013 0.00 0.00 0.00 0.00
1 Confcrcncc table FA-0014 0.00 0.00 0.00 0 Qn
Vacuum deaner FA-0015 0.00 0.00 0.00 0.00
Church Mortgage Deposit FA-0016 28,023.00 0.00 0.00 28,023.00
Church Mortgage Deposit FA-0017 119,070.30 0.00 0.00 119,070.30
Musical Instrument FA-0018 8.22 0.00 0.00 0.00
Musical Instrument FA-0019 43.75 0.00 0.00 0.00
Drums FA-0020 40.10 0.00 0.00 0.00
Keyboard
(Bedford)		 FA-0021 56.87 0.00 0.00 0.00
Keyboard en
QAA2		 0 nQ 0.00 0.00 n nn
Purchase
of Loud		 Speaker FA-0023 0.00 0.00 0.00 0.00
Camera - 00832 FA-0024 17.49 0.00 4.37 13.12
Musical Instrument FA-0025 0.00 0.00 0.00 0.00
Musical Instrument FA-0026 0.00 0.00 0.00 0.00
Musical Instrument FA-0027 0.00 0.00 0.00 0.00
Musical Instrument FA-0028 0.00 0.00 0.00 0.00
Musical Instrument FA-0029 0.00 0.00 0,00 0.00
Muoi""I Ir: tr
r.,cnt		 Fag030 n Qn Qnn 0 nn A QA
Musical Instrument FA-0031 123.96 000 0.00 123.96
Musica
I		 Instrument FA-0032 47.00 0.00 11.75 47.00
Printer FA-0033 151.46 0.00 0.00 86.56
Drums FA-0034 0.00 0.00 211.42 0.00
Drums FA-0035 514.03 0.00 0.00 51403
Building 196,000.00 0.00 0.00 196000.00
Tots I 344,098.18 0.00 227.64 343877.97