Registered number: 09213121 Charity number: 1161558 ## **SOWERS MINISTRIES INTERNATIONAL** ## **UNAUDITED ACCOUNTS** **FOR THE YEAR ENDED 30 SEPTEMBER 2023** ## **Prepared By:** Swan Accounting Services Accounting & Business Consultancy FFOF25A CEME Innovation Centre Rainham RM13 8EU ## **SOWERS MINISTRIES INTERNATIONAL** **FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023** ## **TRUSTEES** Joceclyn Cheryl BOSSMAN Martin Akpor SOWAH ## **REGISTERED OFFICE** 10 Celandine Close South Ockendon Essex RM15 6JA ## **COMPANY NUMBER** 09213121 **CHARITY NUMBER** 1161558 ## **ACCOUNTANTS** Swan Accounting Services Accounting & Business Consultancy FFOF25A CEME Innovation Centre Rainham RM13 8EU page 1 ## **SOWERS MINISTRIES INTERNATIONAL** ## **ACCOUNTS** ## **FOR THE YEAR ENDED 30 SEPTEMBER 2023** ## **CONTENTS** ||Page| |---|---| |Report of the Trustees|3| |Statement of Financial Activities|4| |Balance Sheet|5| |Notes to the Accounts|6 to 9| |Detailed Statement of Financial Activities|8| page 2 ## **SOWERS MINISTRIES INTERNATIONAL** ## **TRUSTEES' REPORT** ## **FOR THE YEAR ENDED 30 SEPTEMBER 2023** The trustees present their report and accounts for the year ended 30 September 2023 ## **PRINCIPAL ACTIVITIES** The principal activity of the charity in the year under review was Activities of religious organisations . ## **STRUCTURE GOVERNANCE AND MANAGEMENT** The organization is a charitable company limited by guarantee, incorporated on 9 September 2014. The Memorandum of association establishes the objects and powers of the charitable company and is governed under its articles of Association. The directors are responsible for the general control and management of the charity. The directors give their time freely and receive no remuneration or other financial benefits. The directors meet regularly and are responsible for taking decisions in relation to the smooth functioning of the charity. The directors have set up sub-committees to assist them oversee certain aspect of the charity's work. The report was prepared in accordance with the special provisions within Part 15 of the Companies Act 2006. This report was approved by the Board of Trustees on 11 September 2024 Joceclyn Cheryl BOSSMAN Trustee page 3 ## **SOWERS MINISTRIES INTERNATIONAL** ## **Statement of Financial Activities** ## **for the year ended 30 September 2023** |**Statement of Financial Activities**
**for the year ended 30 September 2023**||||| |---|---|---|---|---| |**Income**
Income from generated funds
Donations and legacies
**Total Income and endowments**
**Expenses**
Costs of generating funds
Expenditure on Raised funds
Expenditure on Charitable activities
**Total Expenses**
**Net gains on investments**
**Net Income**
**Gains/(losses) on revaluation of fixed assests**
**Net movement in funds:**
**Net income for the year**
Total funds brought forward
**Net funds carried forward**|**Unrestric**
**ted funds**
**£**
42,924
**42,924**
-
15,129
**15,129**
**27,795**
**27,795**
5,546
**33,341**|**Restricte**
**d funds**
**£**
-
**-**
-
-
**-**
**-**
**-**
-
**-**|**2023**
**Total**
**£**
42,924
**42,924**
-
15,129
**15,129**
**27,795**
**27,795**
5,546
**33,341**|2022
Total
£
21,354| |||||21,354| |||||35,780
15,945| |||||51,725| |||||(30,371)| |||||(30,371)
35,917| |||||5,546| This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities page 4 ## **SOWERS MINISTRIES INTERNATIONAL** ## **BALANCE SHEET AT 30 SEPTEMBER 2023** |**Notes**
**CURRENT ASSETS**
Cash at bank and in hand
**CREDITORS: Amounts falling due within one year**
3
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**CAPITAL AND RESERVES**
**Unrestricted funds**
**5**
General fund|39,758
39,758
6,416|**2023**
**£**
33,342
33,342
33,342
33,342|5,546
5,546
-|2022
£
5,546| |---|---|---|---|---| |||||5,546| |||||5,546| |||||5,546| For the year ending 30 September 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. ## **Approved by the board of trustees on 11 September 2024 and signed on their behalf by** ............................. Joceclyn Cheryl BOSSMAN Trustee ............................. Martin Akpor SOWAH Trustee page 5 ## **SOWERS MINISTRIES INTERNATIONAL** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 30 SEPTEMBER 2023** ## **1. ACCOUNTING POLICIES** ## **1a. Basis Of Accounting** The accounts have been prepared under the historical cost convention. The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities. ## **1b. Incoming Resources** All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. ## **1c. Resources Expended** Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **1d. Allocation And Apportionment Of Costs** All costs relate to the single activity of the charitable company and are recognised accordingly. ## **1e. Fund Accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Designated funds are funds set aside by the trustees out of unrestricted general funds for the specific future purposes or projects. ## **2. EMPLOYEES** **2023** 2022 **No. No.** - - Average number of employees page 6 ## **SOWERS MINISTRIES INTERNATIONAL** ## **3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** Other creditors |**2023**
**£**
6,416
6,416|2022
£
-| |---|---| ||-| ## **4. LIMITED BY GUARANTEE** The company is limited by guarantee and does not have a share capital. Each member gives a guarantee to contribute a sum not exceeding £, to the company should it be wound up. At 30 September 2023 there were members. ## **5. UNRESTRICTED FUNDS** General fund ## **6. RESTRICTED FUNDS** |**Brought**
**forward**
**£**
5,546|**Incoming**
**resource**
**s**
**£**
42,924|
**Outgoing**
**resource**
**s**
**Transfers **
**£**
**£**
(15,128)
-
(15,128)
-

**Outgoing**
**resource**
**s**
**Transfers **
**£**
**£**|
**Outgoing**
**resource**
**s**
**Transfers **
**£**
**£**
(15,128)
-
(15,128)
-

**Outgoing**
**resource**
**s**
**Transfers **
**£**
**£**|**Carried**
**forward**
**£**
33,342| |---|---|---|---|---| |5,546|42,924||-|33,342| |**Brought**
**forward**
**£**|**Incoming**
**resource**
**s**
**£**|||**Carried**
**forward**
**£**| page 7 ## **SOWERS MINISTRIES INTERNATIONAL** |**Incoming Resources**
**for the year ended 30 September 2023**
**Incoming resources**
**Incoming resources from generated funds**|**2023**
**£**
42,924
42,924|2022
£| |---|---|---| |||21,354| |||21,354| page 8 ## **SOWERS MINISTRIES INTERNATIONAL** ## **Expenses** ## **for the year ended 30 September 2023** |**Expenses**
**for the year ended 30 September 2023**||| |---|---|---| |**Expenses**
**Costs of generating funds**
**Fundraising Trading Costs**
Church Event 2022
**Charitable Activities**
Insurance
Rent
Accountancy fees
Professional fees
Instrumentalist fees
Refreshment and church Up keep
Stationery & office supplies
Telephone
Global payment-Card charges
Bank charges
Interest on loans repayable within 5 years|**2023**
**£**
-
-
-
360
4,582
1,250
-
5,600
643
1,154
419
965
156
-
15,129
15,129|2022
£
35,780| |||35,780| |||35,780| |||345
7,069
500
150
4,950
-
346
301
1,131
-
1,153| |||15,945| |||| |||51,725| page 9