INCOME AND EXPENDrruRE Prepared for MIRACLE TEMPLE ASSEMBLIES OF GOD CHURCH CHARITY NUMBER 1159256 FOR PERIOD 1ST JANUARY 2025 TO 31ST DECEMBER 2025
MIRACLE TEMPLE ASSEMBLIES OF GOD CHURCH CHURCH INFORMATION Charity Number 1159256 Trustees Rev Nana-sei Tweretwie Mr. winnt Agyei Kusi Mr. Philip Lutterodt Ms. Martha Twumwaa Registered Office 68 Warren Way Glabe Fann Milton Keynes MK17 8TZ Examiners Trackrecords Management Services Limited Unit 7 Cochran Close Crownhill Milton Keynes MK8 OAJ
MIRACLE TEMPLE ASSEMBLIES OF GOD CHURCH FOR THE YEAR ENDED 31 DECEMBER 2025 REPORTS The Trustees presents their report and financial statements for the year ended 31 st December 2025 Objects ofthe Charity The objects of the Church ststed below have been set up to primarilly benefit the public: (a) to advance the Christian faith in several ways and in different parts of the United Kingdom or the world as the Church Board from time to time may think fit (b) to relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind including the provision of counselling and support in such parts of the United Kingdom or the world as the Church Board from time to time think frt" and. (c) to advan education in such ways and in such parts of the United Kingdom or the world as the Church Board from time to time may think fit especially in parts of the UK where 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 who are disadvantaged and the underprivileged. Activities of the Charity When planning the activities of the church for the year, the church board takes into account the the charities commission guidance on public benefit and, in particular, the specific guidan on chartties for the advanment of religion. In particular the church board tries to enable ordinary people to INe out their faith as part of our church through the following activities. (a) Teaching from the Bible (b) Worship, preaching and prayer (c) Provision of Pastoral care available for everyone living wtthin the area (d) Evangelism outreach to the general communty (e) Food Bank (Q Visiting Hospitals
MJRACLE TEMPLE ASSEMBLIES OF GOD CHURCH FOR THE YEAR ENDED 31 DECEMBER 2025 Achievements and Performance Te8Ghing From The Bible We offer a range of SeNiS during the week and over the course of the year that all members as well as the community find both beneficial and spiritual ftalfilling. For example, we offer Monday evening Bible studies, which is very interactive. This gives 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 continue to find this activity very usefvl. Worship, Preaching and Prayer Our Friday half night prayer service provides 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 activtty. Pastoral 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 all who are sick or unable to get out for any other reason to keep them in touch wtth church lrfe. Spiritual guidan is also gtven to church members of anyone who needs it. Evangelism Helping to win more souls for the church is an integral part of our farth. We engaged in this activity by distribution tracks within our local community. This activÈty helped to raise awareness of Jesus and our church. Food Bank We offer food assistan to people wÉthin the Milton Keynes Community who are in need Vistiing Hospitals We offer pastoral care to both non church and church members who have been admitted to hospitals
MIRACLE TEMPLE ASSEMBLIES OF GOD CHURCH FOR THE YEAR ENDED 31 DECEMBER 2025 Financial Review of the Charity The Charity's results 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 £277,146.58 We are very grateful to all church members who have generously given financially and all help offered in the last years to keep the church going. Tangible fixed assets for use by the charity The church obtained a leasehold property in 2017. Committee of Members, responsibilities The charity law requires the comrnittee of members to prepare financial statements for each financial year, which give a true view of the financial activities of the charity and of its financial position at the end of that period. In preparing those financtal statements, the committee of members is required: a) Select suitable accounting policies and apply them consistently; b) Make judgements and estimates that are reasonable and prudent. c) State whether the policies adopted are in accordan with applicable accounting standards and statements of recommended accounting practices, subject to any material departures disclosed and explained in the financial statements,. d) Prepare financial statements on a going conrn basis unless tt is inappropriate to assume that the charity will continue in operation. The committee of members is responsible for keeping proper accounting records, whiGh discloses with reasonable accuracy at any time, the financial position of the tharity and to enable them to ensure that the financial statements comply wth Charities Act. They ar6 also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detectton of fraud and other irregularities.
MIRACLE TEMPLE ASSEMBLIES OF GOD CHURCH FOR THE YEAR ENDED 31 DECEMBER 2025 Examiners A resolution to appoint Messer Traclffecords Management servIs Ltd as examiners for the ensuring year has been proposed and agreed at the annual gener31 meeting in accordance wlth the Charities Act. Approval The report was approved by the committee of rnembers on the 20th Feb 2025 and signed on its behalf Rev Nana Sei Tweretwie
MIRACLE TEMPLE ASSEMBUES OF GOD CHURCH FOR THE YEAR ENDED 31 DECEMBER 2025 Examiners Report We have examined the financial statements in this report, which have been prepared following the accounting policies, set out in the report. Respective responsibilities of trustees and examiner5 As described in report. the trustees of the Miracle Temple Assemblies of God are responsible for the preparation of financial statements. It is our responsibilities to fom an independent opinion, based on our examination, on the statements and to report our opinion to you. Basis of opinion We conducted our examination in accordance wtth standards charity accounting and independent examination. The examination is on test basis, of the evidence relevant to the arnount 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 financial statements and whether the accounting policies are appropriate to the charitys circumstance, consistèntly applied and adequately disclosed. We planned and performed examination of the documents to obtain all the information and explanations which we considered necessary in order to provide us with sufficient eviden to give reasonable assurance that the financial statements are free form material misststements, whether caused by fraud or other irregularities or error. In forming our opinion, we also evaluated the overall adequacy of the presentation of the infomation in the statements. Opinion In our opinion the financial statements give a fair view of the state of the charities affairs at 31 December 2025 and of its surplus for the period ended and have properly prepared in accordan with regulations of Charities Act
MIRACLE TEMPLE ASSEMBLIES OF GOD CHURCH FOR THE YEAR ENDED 31st DECEMBER 2025 Date: 20th Feb 2025 TRACKRECORDS MANAGEMENT SERVICES LIMITED UNIT 7 COCHRAN CLOSE CROWNHILL MILTON KEYNES MK8 OAJ
MIRACLE TEMPLE ASSEMBLIES OF GOD CHURCH FOR PERIOD 1stJanuary 2025 to 31st DECEMBER 2025 Income & Expenditure 2025 2024 Unrestricted Funds Unrestricted Funds INCOME Total Offering Tithes Gift Aid other income Food Bank Fundraising Departmental Offering Welfare Dues Bedford Church Offering Building Fund Contrtbution Sunday School Books Sunday School Fundraising Total Income 133,008.32 72,431.26 39,507.79 4,255.59 0.00 495.00 4.704.62 925.00 21,404.00 0.00 200.00 215.00 277,146.58 115,524.30 78,851.21 40,831.3P, 23,725.21 50.00 18,751.33 3,058.30 1,075.00 13,883.00 200.00 467.00 980.00 297,396.72 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 Expenses Fuel EKpenses Mortgage Loan Interest Refreshments Gift Aid Recovery Expense General Expenses (Various Purchase) Stationery & Postage Training Website Maintenance Administrator Fees & Software Advertising & Media Department Travel Insurance Expenses Subscriptions Bank Fees Legal Expenses 72,096.86 4,985.02 69,782,78 10,833.15 10,599.28 7,576.29 10,645.00 1,691.68 14,257.25 11,666.90 6,257.36 4,168.89 2,500.00 6,903.33 2,625.28 4,450.00 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 6,011.92 5,284.13 117.37 0.00 286,132.15 11,264.57 4,045.61 0.00 6,657.17 5,599.56 5,092.33 20.33 650.00 263,104.07 14,042.51 NET PROFIT
MIRACLE TEMPLE ASSEMBLIES OF GOD CHURCH FOR PERIOD 1st January 2025 to 31st DECEMBER 2025 CONTINUING OPERATIONS= None of the Churches actiwtRes were ac4uired or discontinued during the above financial period STATEMENT OF TOTAL RECOGNISED 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 Df total recognised gains and losses has been prepared. l approve the above accounts and confinn that I have made available all necessary information for their preparation Rev Nana Sei Tweretwte ACCOUNTANTS REPORT We have prepared the above accounts without c8nw.ng out an audit and fron7 infom?ation from Miracle Temple Assemblies of God s books and reGords and explanations suppplied fo us. Trackrecords Management Services Limited Unit 7 Cochran Close Crownhill Milton Keynes MK8 OAJ
MIRACLE TEMPLE ASSEMBLIES OF GOD CHURCH BALANCE SHEET AS AT 31st DECEMBER 2025 2025 2024 Notes FIXED ASSETS Tangible assets 344,382 343,776 CURRENT ASSETS Debtors Llyods Bank Bedford Church Commercial Instsnt Access Account 2,927 3,470 150 6,546 2404 7,944 10,348 CREDITORS Amounts falling due 70,252 87,490 Net Cuent Assets/ (Liabilities) Total Assets Less Current Liabilities -63,705 280.677 -77,142 266,634 NET ASSETS / (LIABILITIES) 280,677 266,634 CAPITAL & RESERVES Profit and loss account Profit and loss reseNe 14,043 266,635 280,677 11,265 255,369 266,634 In approving these financial statements as the Trustee of the Charity, I hereby confirm that these accounts have been prepared in accordance with the provisions applicable to the Chariti sAct ..Trustee ana Sei Tweretwie Rev oz The financial statements were approved by the board of Trustees ........................2026
MIRACLE TEMPLE ASSEMBLIES OF GOD CHURCH BALANCE SHEET AS AT 31st DECEMBER 2025 NOTES TO THE FINANCIAL STATEMENTS 1. ACCOUNTING POLICIES a) Basis of accounting The financial statements have been prepared under the historical Cost convention. b) Income InGome represents various financial donations received to fund the operations of the church c) Depreciation Depreciation is provided on tangible assets at rates calculated to write off the cost of each asset over tts expected useful lrfe. The rates used on a reducing balan are as follows: Equipment, Fixtures & Fittings 250/0 Straight line 2. INCOME The income and profft for the year is all attributed to the compan5rfs principal actNty and all seNt$ have been provided to the UnÈted Kingdom market and some donations have been made to Ghana as aid. PENSIONS The Church operates a pension scheme through Scottish Widow 3. OPERATING PROFrr The operating profit is stated after charging: 2025 Depreciation of tangible fed assets Pastors remuneration included Pastors pension contributions 299 53,417 1,498 55,215 4. TAX ON ORDINARY ACTIVITIES This represents corporation tax @OO/o based on profit for the year on ordinary activities
MIRACLE TEMPLE ASSEMBLIES OF GOD CHURCH BALANCE SHEET AS AT 31st DECEMBER 2025 NOTES TO THE FINANCIAL STATEMENTS 5. TANGIBLE FIXED ASSErs Cost 344,681 31 st December 2025 Additions At 31st Dernber 2025 344.681 Depreciation Charge for the year 299 At 31st December 2025 299 Net Book Value @ 31st December 2025 344,382 6. Debtors Debtors 7. CREDITORS-Amounts falling due more than 1 year Church Members Loan Account Church Members Loan for Church Building Bank Loan 70,252 70,252
MIRACLE TEMPLE ASSEMBUES OF GOD CHURCH FOR PERIOD ENDING 31st DECEMBER 2025 Detailed Income & Expenditure Unrestricted Funds INCOME 31st Night Offering Bedford Church - 31st Night Offering Bedford Church - Harvest Offering Bedford Church - Other Revenue Bedford Church - Fundraising Bedford Offering Childrens Offering & Fundrasing Choir Dues, Offering, Fundraising Donations Received First Fruit Offering Friday Offering Fundraising Gift Aid Harvest Offering Men's Ministry Offering Other Revenue Seed Offering Special Offering Sunday Offering Sunday School Books Sunday School Fundraising Thanksgiving Offering Thanksgiving - Bedford Church Tithes - Bedford Church Tithes Welfare Dues Women's Ministry Offering Youth Offering & Fundraising Total Income 1,069.00 400.00 2,285.00 410,00 335.00 8,950.00 1,616.90 1,972.00 185.00 9,180.00 2,643.77 495.00 39,507.79 29,291.20 410.50 4,070.59 20,017.84 522.60 59.677.91 200.00 215.00 10,606.00 150.00 8,874.00 72,431.26 925.00 120.30 584.92 277,146.58 EXPENDITURE Administrator Fees 3,600.00 3,900.00 140.00 20.33 6.257.36 69,782.78 1,678.45 3.463.43 4,112.86 AOG (3%) AOG Membership Fees Bank charges Mortgage Loan Interest Missions Expenses Broadband Church Bus Expenses Church Car Expenses
Counal Tax Electricity & Gas Bill Fuel General Expenses Gift & Donations Gift Aid Recovery Deductions Insurance Legal Expenses Pastors PAYE Pastors Pension Pastors Wages Premises Expenses Refreshment Service Charge Software For Accounts Stationery. Printing & Postage Subscriptions Sunday School Books Equipment Expensed Telephone Bill Training Travel Departmentsl Expenses Wages & Salary Welfare Support Depreciation 4,093.08 5,768.41 11,666.90 15,039.47 8,645.00 2,500.00 5,599.56 650.00 17,181.24 1,498.22 53,417.40 3,120.08 4,168.89 4,985.02 445.61 1,081.67 1.052.33 1.543.61 1,392.73 402.77 4.450.00 6,657.17 4.173.39 5,105.89 4,992.24 298.95 263,104.07 NET PROFIT I LOSS 14.042.51
Depreciation ui Desc. Asset number Cost Car FA-0001 2 Mini Buses FA-0002 2 Chairs FA-0003 1 Drum FA-0004 2 Keyboards FA-0005 1 Base Guitar FA4J006 1 Bass Speaker FA-0007 4 Speakers FA-0008 1 Console set FA-0009 2 Laptops FA-0010 2 Computer Sets FA-0011 4 Television sets FA-0012 l Office Table FA-0013 1 Conference table FA-0014 Vacuum cleaner FA-0015 Church Mortgage Deposit FA-0016 Church Mortgage Deposit FA-0017 Musit21 Instrument FA-0018 Musiol Instrument FA-0019 Drums FA-0020 Keyboard (Bedford) FA-0021 Keyboard FA4)022 Purchase of Loud Speaker FA-0023 Camera- 00832 FA-0024 Musical Instrument FA-0025 Musical Instrument FA026 Musial Instrument FA-0027 Musirdl Instrument FA-0028 Musical Instrument FA4029 Musical Instrument FAJJ030 Musical Instrument FA-0031 Musical Instrument FA-0032 Printer FA-0033 Drums FAJJ034 AddÉions Drums Building Total Additions 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 o.oo 0.00 0.00 0.00 0.00 0.00 0.00 char e 25125 NBV-25125 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 D.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 9.84 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 110.50 11.75 35.25 0.41 1.22 0.00 0.00 0.00 901.71 283.51 230.52 0.00 196,000.00 298.95 344,382.34 0.00 0.00 0.00 0.00 0.00 0.00 o.oo 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 28.023.00 119.070.30 43.75 40.10 56.87 0.00 0.00 13.12 0.00 0.00 0.00 0.00 0.00 110.50 47.00 1.63 752.77 0.00 514.03 196,000.00 344,681.29 0.00 0.00 0.00 0.00 0.00 0.00 o.oo FA-0035