INCOME AND EXPENDITURE Prepared for MIRACLE TEMPLE ASSEMBLIES OF GOD CHURCH CHARITY NUMBER 1159256 FOR PERIOD 1ST JANUARY 2024 TO 31ST DECEMBER 2024
MIRACLE TEMPLE ASSEMBLIES OF GOD CHURCH CHURCH INFORMATION Charity Number 1159256 Tru8ts98 Rev Nana-sei Tweretwie Mr. Vincent Agy8i Kusi Mr. Philip Lutterodt Ms. Martha Twurnwaa Reglstarad Office 68 Warren Way Glab8 Fami Milton Keynes MK17 8TZ Examlnors Trackrecords Management Servlces Limited Unit 7 Cochran Close Crownhill Milton Keynes MK8 OAJ
MIRACLE TEMPLE ASSEMBLIES OF GOD CHURCH FOR THE YEAR ENDED 31 DECEMBER 2024 REPORTS The Trustees presents their report and financial slatements for the year ended 31 st December 2024 Objects of the Charlty The objects of the Church stat8d below have bèen Set up to primarilly benefit tha public., {a) to advance the Christian falth in several ways and in different parts of the United Kingdom or the world as the Church Bcard from time to time may think fit (b) to relieve sickne88 and financial hardship and to promote and preseNe good health by the provision of funds, goods or setvices of any kind including the provision cf counselling and support in such parts of the United Kingdom or the world as the Church Board from time to time think fit. and. (c) to 8dvan¢e education in 8uch ways and In such parts of the Unlt8d Klngdom or the world as the Church Board from time to time may think fit especially in p8rt8 of the UK where Its users are drawn from, In particular In the advanGement of eduGation, the furtherance Df health and the relief of poverty, di8tres8 and sickness among Ghildren women and others who are disadvantaged and the und8rprivi18ged. A¢tivitieg of tho Charlty When planning the activities of the church for the year, the church board takes into account the Ihe charities commi88ion guidanc8 on public benefit and, in particular, the specific guidance on charities for the advancement of religion. In particular the church board tries to enable ordinary people to live out their faith as part of our church through the following aGtivities. (a) Teaching from the Bible (b) Worship, preaching and prayer (c) Provision of Pa8toral care available for everyone living within the area (d) Evangelism outreach to the general community (e) Food Bank (n Visiting Hospitals
MIRACLE TEMPLE ASSEMBLIES OF GOD CHURCH FOR THE YEAR ENDED 31 DECEMBER 2024 Achievements and Performance T8aching From The Bible We offer a range of services during the week and over the course of the year that all members as well as the community find both beneficial and spiritual fulfilling. For example, W8 offer Monday evening Bible studies, which is very interactive. Thls give8 everyone opportunities to engage in leaning more from the scriptures 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 community have found and Gontinue lo find this activity very useful. Worshlp, Preaching and Prayer Our Friday half night prayer service provides an intimate and reflective environment for worship and prayer. This year we have been 8ucce8sful in encouraging more families Into our church and have encouraged christians from other churches to participate in this activity. Pastor81 Care We engage in pastoral care for church members who cannot make it to church due to illness. We have a dedicated team of volunteers who visit a11 who are sick or unable to get out for any other reason to keep them in touch with church life. Spiritual guidance is also given to church members of anyone who n88ds it. Evangelism Helping to win more souls for the church is an Integral part of our faith, We engaged in thls activity by distribution tracks Wlthin our local community. This activily helped lo rai88 awareness of Jesus and our church. Food Bank We offer food assistance to people within the Milton Keynes Community who are in need Visiting Hospitals We offer pastoral Gare to both non church and church memb8r8 who have been admitted to hospitals
MIRACLE TEMPLE ASSEMBLIES OF GOD CHURCH FOR THE YEAR ENDED 31 DECEMBER 2024 Flnancial R8vlew of the Charity The Charity's results for the year and its financi81 position at the end of the year are fully disclosed in the attached financial statements. The total income for the year amounted to £297.396.72 We are very grateful lo all church members who have g8nerously given financially and all help offered in Ihe last years to keep the church going. Tangible flxed assets for u8• by the charlty The church obtained a leasehold property in 2017. Cornmitt•• of Mèmber8. re8pongibilitio• The charity law requires the committee of rnernbers to prepare financial statement8 for each financial year, which give a true vlaw of the financial activities of the charity and of its financial position at the end of that period. In preparing those financial 8tat8ments, the committee of members 18 required., a) Select 8Uitable accounting policies and apply them consistently., b) Make judgements and estimate8 that are reasonable and prudent. c} Slate whether the policies adopted are in acccrdance with applicable accounting standards and stalement¥ of recommended accounting practices, subjecl to any material departures disclosed and explalned in the financial staternenls; d) Prepare financial statements cn a going concern ba318 unle38 It is inappropriate to assume that the charity will continue in operation. The commlttee of members is responsible for keeping proper accounting records, which discloses with reasonable accuracy at any time, the financial position of the charity and to enable them to ensure that the financial statement8 comply with Charities Act. They are also Tesponsible for safeguarding the assets of the charity and hence for laking reasonable steps for the preventicn and detection of fraud and other irregularitie8.
MIRACLE TEMPLE ASSEMBLIES OF GOD CHURCH FOR THE YEAR ENDED 31 DECEMBER 2024 Examlners A resolutlon to appoint Messer Trackrecords Management Servic88 Ltd as examiners for the ensuring year has been proposed and agreed at the annual general meeting in accordance with the Charitie8 Act. Approval The report was approved by thg committee of members on the 4th Feb 2025 and signed on it8 behalf Rev Nana Sel Twer•1?
MIRACLE TEMPLE ASSEMBLIES OF GOD CHURCH FOR THE YEAR ENDED 31 DECEMBER 2024 Examlners Raport We have examined the financial statements in this report, vthich have baen prapared following the accounting policies, set out in the report. Respectlve re8ponslbllltle4 of trustees and examlnors As described in report, th8 trustees of the Miracle Temple Assemblies of God are responsible for the preparation of financial staternents. It is our respon8ibilities to form an independent opinion, based on our examination, on the statements and to report our oplnion to you. Basis of oplnlon We conducted our examlnation in accordance with Standards charity accounting and independenl examination. Thé examination is on test basis, of the evidence relevant to the amount of disclosures in the financial statements. It includes an assessment of the significant estimates and judgements made by the committee of the members in preparation of the finanGial statemenls and whelher the accounling policies are appropriate to tha charity'8 circumstance, consist8ntly applied and adequalely di$Glosed. We planned and performed exarnination of the documents to obtain all Ihe information and explanation3 which we considered nece8sary in order to provide u8 With sufficient evidence to give reasonable assurance that the financial statements are free fomi malerial misstatements, whether caused by fraud or other irregularities or 8rror. In forming our opinion, we also evaluated the overall adequacy of the presentation of the information in the statements. Oplnlon In our opinion the financial statements give a fair view of the state of the charities affairs at 31 December 2024 and of its surplus for the period ended and have properly prepared in accordance wilh regulations of Charities Act.
MIRACLE TEMPLE ASSEMBLIES OF GOD CHURCH FOR THE YEAR ENDED 31st DECEMBER 2024 Date: 4th Feb 2025 TRACKRECORDS MANAGEMENT SERVICES LIMITED UNIT 7 COCHRAN CLOSE CROWNHILL MILTON KEYNES MK8 OAJ
MIRACLE TEMPLE ASSEMBLIES OF GOD CHURCH FOR PERIOD 1st January 2024 to 31st DECEMBER 2024 Incomo & Expondlture 2024 2023 Unrestrlctod Funds Unrestricted Funds INCOME Total Offering Tithes Gift Aid Other income Food Bank Fundraising Departmental Offering Welfare Dues Bedfoid Church Offering Youth Offering & Fundraising Building Fund Contribution Sunday School Books Sunday School Fundraising Total Incom• 115,524.30 78.851,21 40,831.37 23,725.21 50.00 18,751.33 2,813.30 1,075.00 13,883,00 245.00 200.00 467.00 980.00 297,396.72 146,217.32 70,179.46 29,461.85 603.94 450.00 324.00 741.40 1,050.00 10,079.53 1,353.15 1,763.00 734.31 741.00 263,698.96 EXPENDITURE Pastoral Expenses Church Mortgage, Rate & Service Charge Mission Expenses Welfare Support Departmental Expense8 Motor Expenses Donation, Gifts & Focd Bank Expenses Depreciation & Equipment Expensed Premises Expenses Fuel Expenses Mortgage Loan Interest Refreshments Gift Aid Recovery Expense General Expenses (V8riou$ Purchasg) Stationery & Postage Training Wgbsite Maintenance Admini8tratDr Fees & Software Adverti8ing & Media Department Travel Insurance Expenses Subscriptions Bank Fees 64,879.57 3,523.61 45,374.55 4,627.10 12,648.86 20,622.52 1,640.00 3,949.80 19,810.73 13,720.86 8,271.55 4,191.85 2,500.00 36,443.15 2,888.30 1,000.00 410.00 3,651.13 17,867.42 6,691.73 6,017.92 5,284.13 117.37 286,132.15 11,264.57 47,402.79 4,560.03 54,116.53 19,351.23 17,396.73 6,175.88 8,660.00 7,268.54 21,906.55 14,038.65 7,589.00 2,668.98 2,500.00 6,842.23 1,528.18 4.200.00 18.00 4,009.60 90.00 4,403,81 4,059.61 5,874.30 212.99 242,873.63 20,825.33 NET PROFIT
MIRACLE TEMPLE ASSEMBLIES OF GOD CHURCH FOR PERIOD 18tJanuary 2024 to 318t DECEMBER 2024 CONTINUING OPERATIONS: None of the Churches activities were acquired or discontinued Cluring the above financlal perlod TATEMENT OF TOTAL RECOGNI ED GAINS AND LOSSES There were no recognised gains or losses in the above financial period other than the results for the period and, accordingly no statement of total recognised gains and Ios8es has been prepared, l approv8 the above account8 and confirm that I have made available all necessary information for their preparation Rev Nana TWer8tle ACCOUNTANTS REPORT We have prep8red the above accounts without carrying out an audit and from inform8tlon from Mir8c18 Temp18 Assemblies of God's books and records 8nd explanalions suppplied to us. Trackrecords Management Services Limiled Unit 7 Cochran Close Crownhill Milton Keynes MKe OAJ
MIRAGLE TEMPLE ASSEMBLIES OF GOD CHURCH BALANCE SHEET AS AT 31st DECEMBER 2024 24 2023 Notss FIXED ASSETS Tangible assets 343,776 343,878 CURRENT ASSETS D8btors Llyods Bank Bedford Church Metro Bank 2,404 7,944 1303 8,836 3,429 13,568 10,348 CREDITORS Amounts falllng due 87,490 105,056 Net Current A38etsl (Liabilities) Total Assets Less Current Liabilities -77,142 266,634 -91,488 252,390 NET ASSETS I (LIABILITIES) 266,634 252,390 CAPITAL & RESERVES Profit and loss account Profit and loss reserv8 11,265 255,369 266,634 20,825 231,565 252,390 In approving these financial statements as the Trustee af the Charity, I hereby confirm that these accounts have been prepared in accordance with the provisions applicable to the Charities Act .Trustee ana Sei Twer8twl• Rev Lr The financial 8tatements were approved by the board of Trustees . .2025
MIRACLE TEMPLE ASSEMBLIES OF GOD CHURCH BALANCE SHEET AS AT 313t DECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS 1. ACCOUNTING POLICIES a) 88sis of accounting The financial statements have been prepared under the historical cost convention. b) InGome Income represents various financial donations received to fund the operations of the church c) Depreciation Depreciation 18 provided on tangible assets at rates calculated to write off the cost of each asset over its expected useful life. The rates u88d on a reducing balance are as follows: Equipment, Fixture8 & Fttting8 250h stralght Iln8 2. INCOME The income and profit for the year is all altributed to the company's principal activity and all serviGes have been provided lo the United Kingdom market and some donations have been made to Ghana as aid. PENSIONS The Church operates a pension scherne through Scottish Widow 3. OPERATING PROFIT The operating profit is stated after charging.. 2024 Depreciallon of tangible fixed assets Pastors remuneration included Pastors pension contributions 153 49,468 1,387 51,008 4. TAX ON ORDINARY ACTIVITIES This represents corporation tax @O°h based on profit for the year on ordinary activities
MIRACLE TEMPLE ASSEMBLIES OF GOD CHURCH BALANCE SHEET AS AT 31st DECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS . TANGIBLE FIXED ASSETS C08t 343,929 31 st December 2024 Additions At 31st December 2024 343,929 Depreclatlon Charge for the year 153 Al 31st December 2024 153 N•t Book Valu• 31•t D•c•mber 2024 343,776 6. Debtors Debtors 7. CREDITORS.Amounts falllng due more than 1 yoar Church Members Loan Account Church Members Loan for Church Building Bank Loan 87.490
MIRACLE TEMPLE ASSEMBLIES OF GOD CHURCH FOR PERIOD ENDING 31st DECEMBER 2024 Detailed Income & Expenditure Unrestricted Funds INCOME 31 st Night Offering Bedford Church - 31st Night Offering Bedford Offering Building Fund Contribution Childrens Offering & Fundrasing First Fruit Offering Food Bank Donation Friday Offering Choir Due8, Offering, Fundraising Fundraising Gift Aid Harvest Offerlng Media Fundralslng Men's Ministry Offering Other Revenue Seed Offering Special Offering Sunday Offering Sunday School Books Sunday School Fundraising Thanksgiving Offering Thanksgiving - Bedford Church Tith88 - Bedford Church Tithes Welfare Dues Women's Ministry Offering Youth Offering & Fundraising Esster Offaring Total Incomé 958.45 215.00 6,333.00 200.00 1,587.51 8,494.70 50.00 2,297.22 470.00 13,275.00 40,831,37 21,740.04 5,006.33 695.00 23,466,21 13,789.84 4,069.10 56,544.98 467.00 980.00 5,827.46 440.00 7,110.00 78,851,21 1,075.00 2,118.30 245.00 259.00 297,396.72 EXPENDITURE Administralor Fees Advertising & Media Department AOG (3%) Bank charge5 Mortgage Loan Interest issions Expenses Broadband Church Bus Expenses Church Car Expense8 3,300.00 17,867.42 4,930,00 117.37 8,271,55 45,374.55 395.38 17,972.52 2,650.00
Council Tax Electricity & Gas Bill Fuel General Expenses Gift Gift Aid Recovary Deduclions Insurance Website Development & Maintenance Service Charge Pastors PAYE Paslors Pension Pastors Wages Premises Expenses Refreshment Repair & Maintenance Software For Accounts Stationery, Printing & Postage Subscriptions Sunday School Books Equipment Expen88d Tglephone Blll Trainlng Travel Departmental Expenses Wages & Salary Welfare Support Depreciation 3,045.29 13,879.78 13,720.86 36,443.15 1,640.00 2,500.00 6,017.92 410.00 3,523.61 14,024.67 1,387.36 49,467.54 328.50 4,191.85 1,336.01 351.13 1,932,72 354.13 955.58 3,796.69 825.77 1,000.00 6,691.73 7,542.77 5,106.09 4,627,10 153.11 NET PROFIT I LOSS 1264.67
Dep ciation ui De8 Car 2 Mini Buses dit5on8 De 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 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 o.oo 0.00 0.00 0.00 0.00 0.00 FA-0001 FA-0002 FA-0003 1 Drum FA-0004 2 Keyboards FA-OOQ5 1 Base Guitar FA-0006 1 Bass Speaker FA-0007 4 Speaker8 FA-0008 1 Console set FA-0009 2 Laptops FA-0010 2 Computer Sets FA-0011 4 Television sets FA-0012 1 Office Table FA013 1 Conference table FA-0014 Vacuum cleaner FA015 Church Mortgage Deposit FA4J016 Church Mortgage Deposit FA-0017 Musical Instrument FA-0018 Musical Instrument FA-0019 Drums FA-0020 Keyboard (Bedford) FA-0021 Keyb08fd FA-0022 Purchase of Loud saker FA4I023 Camer8- 00832 FA-0024 Musical Instrument FA-0025 MusiGal Instrument FA-0028 Musical Instrument FA-0027 Musical Instrument FA-0028 Musical Instrument FA-0029 Musical Instrument FA-0030 Musical Instrument FA-0031 Musical Instrument FA032 Printar FA-0033 Drums FA-0034 Drums FA-0035 Building Totsl 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,D23.00 119,070.30 8.22 43.75 40.10 58.87 0.00 0,00 13.12 0.00 0.00 0.00 0.00 0.00 0,00 123.96 47.00 151.46 0.00 351.63 196,000.00 9.41 D.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 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 28,023.00 0.00 119,070.30 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3,28 0.00 0.00 0.00 2 Ghairs 0,00 0.00 0.00 0,00 0.00 o.oo 0.00 0.00 0.00 110,50 0,00 47.00 149.83 1.63 0.00 0.00 0.00 514.03 0.00 196,000.00 153.11 343 776.30