MIDLANDS GOSPEL MISSION (INTERNATIONAL) FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024 A COMPANY LIMrrED BY GUARANTEE COMPANY REGISTRATION NUMBER: 08786769 REGISTERED CHARITY NUMBER: 1161906
30 NOVEMBER 2024 Rcpxt of th¢ Th]sttts Stxtematt of Fioanciai Activitie8 Notes lo the Flnanolal Statements 10-17 For M*na8ewen¢ Pllrpm Only 18
P9ge I REPORT OF THE TRUSTELS FOR THE YEAR ENDED The TnLStees a ple1 their rwrt Financial Ststement¥ for th¢ year cnded 30 Novcmlxr 2024, Nvhich are p[q>al to meet the requirements for a Director's RqK)rt ar FmanciAI Th¢ Financial Statonents cxKnply with the Cbarities Act 2011. the cAryles Act 2[ the Memorandum and Articles of Awciation ald A(tountiDg ReP)rti by CbarAties'. Statem¢th of RernMended Practice applicable to charities pwAring their Finan¢iJl Statements in a(£ordan(x with the financial R¢ti Siandard applicable in ttLC UK and Rqmjblic of Ireland (FRS 102). Ch2rftsble Compny Name Chgrity RegL4tr9tion Number 11619&5 CoThpany Re$tratiOn Numb¢r 08786769 2 Norwich Road Worcesr WR5 INX DIRECTOIIS AND TRusfEFS s¢rvol during the year were &$ follows: Pa¥tor Santosh KuriakoK Manithottam Mr Thankachett Chakkittaparompil Pbilip
MIDLANlkS GOSPEL MLWON {lATIoNAL) REPO]YT OF THE TRUE8 Page 2 FOR THE YEAR Ef4DED STRucfuR4 GOVERNANCE AI¥D MANAGEMENT Gov¢nthig Do¢um¢wt The company is a charitable company limited by gu8Tantee, inco on 22 November 2013. The tharilablc company was cstabIished under a Memorandum of Asgxialion which estsblished the objectives and werS of the charitable company and 13 gov¢rncd und¢r its Articlas of Association. The charitable eAmipeny l%came a registered cknty on 29 May 2015. In the event of tr chan'table comnY ban8 wound up, membern aye wuifvl to rThtribth an amount nol exling £1. Re¢niAtwent Appoknlment of Tntr¢S The directOTS of the company are also ¢hority for th¢ FArpe$ of dwity law an under the ¢haritabl¢ compHny's Articl are known as membeF3 ofthe Management Committee. The diTectors are reap)int in OrdanCe with the MeEZM)randum aTrJ Articles of ASS10 Trust Induetlon TrAiniDg A progtamme is employcd for th¢ induction of It encompasses 8 fidl induction in the ch712b1e comFany's po]icies 2nd procedures and involves exfjmI8 the fllwicial pIL Orytii8ationAI Slru¢ture Midlands Gospel Mixsion (Tntcrnationa]) h&$ a Board whlth meets at least thnes a yegr and wtiich is reS81ble for the &Yategic direction and PKlicy of the clwitable company. At present the Managanent Committee comeg from a vsridy of bundS relevantto the work of the charitable comFwny. Rlsk Mana8ement The trustees have rA)nducteA a review of the major rlskq to which the charitable company is exposed. Where 8PPWtA Systems or prO¢eth have i%en eslablished to mitigate the risks the ¢harilabl¢ company fac Signifilt extetDaJ n*5 hav¢ led to the £kv¢iopmeu¢ of a stratC8i¢ plaTh Internal projects. PAY Poliry for Senior Stsff The pay for all senior staff employcd by the charitable Company is reviewed on a r¢gular bA5is and any changes to salaTies are depdent on the anployees and the eIrItable eonwy's overnll wfomtsnce.
P4g¢ 3 REPORT OF THE TRusfKKS (CONllNUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 STRUUR GOVERNANCE AIW MANACEMEKf (CONTINUED) Ral P•rtie• The charitable company has no Tel krtie& NANcL REEw Th¢ ¢baritsbl¢ comtmny's inc1)n for the year was £125.012 (2023 - £74,938). Fwdittwe totdled £84,876 (2023 - £69.938). The overnll surplus hIeVed wa8 £40,136 (2023 - £5.0001 Thc dircdor5 are 8ati$fi41 with the overall pition and finances of the charitsble company. Prkndpal FuMdlDs 8ourc¢8 The principal fimding sources for the dwilAbJe eomp9ny Are eurrendy from mèmbérg ofth¢ mia8Ao Inveslm¢Dt Pollcy Most of the charitable e4)rnpany's funds ar¢ to be spt in the ahort.turn , at the charitsble ReJerveJ Polity and Golng Concern It is the w)licy of the eh2Titable eompany to aim towords malntsining unr¢strithd fvnd4 which are th¢ fT¢¢ re3erv¢s of the ¢haritable company. at a l¢v¢l where unrcstricted fund5 will k suffici¢nt to eet its out80in8 exp¢nse& Th¢ directo of th¢ charitsble ci)mpw ar¢ of th¢ vicw that Midlands (lospel Mi&sion anternational) is a going concern. Midknd Gow Mission (Internation) is a registeml charitsble compny under the Charities A. It began with th¢ aim of prlaiMIng the go4KI of our Lonl Chrlst Jc5us and slwing his love to sll ple without any iwrier of religio regio rx nati lan8uag¢ and gents. Th¢ Glwitable ¢0mny,S aims dnd objectives are to alva£ the Chrithi faith in xLx)rdance with the arttele offaith in the Untted Kingdom and througkntt the world as thc thur¢h cldcrs may? from tin)e to Publk B¢n¢flt Slat¢mtnt furth¢r our chaTilalA¢ pwpoKs foi thc public bcncfiL tn slmping our obicctiv¢5 a1 plannAng our activities, the trths bave considered the Clwity commion'S guid8nce on public benefit including th¢ guidance'Public B¢nefit: Running a Charity (PB2)'.
MIDLANDS GOSPEL hll&SION ONTERNATIONAL) REPOIU OF THE TRUSTELS (coNnrrfuED) Page 4 FOR THE YEAR EIYDED Midlands (3ospel Mission (MGM) w0estr is a chureb registered as a Charity or8anisati04 dedicated to the advancement ofthe Goyl. OUT ntiQll begun &s a house church in 2004. with just three families. By th¢ gracc of Go(L more families joined promptin8 the rental of halls to accommodate our worship Servi8. In De£emirr 2013. with g¢nerous financial supp)rt from our members, we w¢r¢ able to purchase our own buildi Our primary worship service is conducted in our native lan8Uggq DA2layalw and ia¢ludes prais4 worship. and Bil)1¢ stsY. These services take place ev¢ry Sunday from 10:30 AM to i:00 PM. Established in 2005. our Sunday school start¢d with fivc students and two teach. By Gtsl's grac4 it has sinc¢ grown to s¢rve over 60 sttthnts Thitb the suppott of10 t¢achcrs. Out primary objective is to nuTture 2nd eMFKjw both the Spiritual and so¢ial d¢v¢lopment of OUT thildren. We also Maintain regular prayer gmup4 whi¢h include int¢rcessory' trdyer sessions every wthey. Alonggide weekly Bible eS h¢ia in Worccst¢r, GlouGcster, Huefor4 aDd Tel Aviv (via video conf¢r¢ncing). Additiona]ly, w¢ conduct in-ttrson services in Tel Aviv dwing puiodic visits and monthly bible clas in KIdderri. Our outreach cfforts have extended iK>th lOlY and internatsonally. rea¢hing many in n¢ed. Notable initiatives include: Ongoing fin8n¢ial support for Bilw Life Mi&sion as part of our gospel ministtie Otganising a charity bake sale to raise funds for the NHS 1Tht in Hereford Ind Worcestsr. Fundraising efforts to support th¢ thtiry Tribal Aftssion in Indi Supporting Happy Honw and dwity in Indi4 as planned in the Previous year. Durin8 our annu81 Sunday School aud YouthADnivers4ry* we distributed hl¢y¢M¢nt r¢waTds bs¢d Vacation Bible School (VBS) during th¢ Faster hoIidays. CUrntlY. we are actively rdisillg funds for the extension of our church building. Planning is progressing wclL and we ate awaiting th¢ F¢nnissions to pr{¢ PLANS FORFUTURE PEIUODS Our r¢gular wotship VIC Sunday sclMX)l. and enrichment sanin8rs for children and adults will continue usual. Howcver, dueto space ]iDJitstton4 weplanto ten1ply relocate to a suitable Meanwbile. we intend to raise funds for various caus4 ]lUding continued SUPEK)rt for Bihar Lif¢ Mission. A substantia] prtion of our fU[thW efforts remains dedicated to the building fund, which wc plan to support through Kgular f(j festivals held within th¢ Ghur¢h wmmunity. Additionally. w¢ intend to organise a recreational day out for trR ¢burch community to fo fellowship and strensth¢n our bondo. We rem8in enwuraged by our current activities and look to our planned initiatives.
Page 5 REPORT OF THE TRU (CONllNUED) FOR THE YEARENDED 30 NOVEhfBER2024 RESPONSIBltiriES OF TRUSTELS Company law r¢quir¢s the trltCcs to prepare Financial Sthtements for each finan¢i31 year. Nvhich give a true and fair view of the stste of the affaits of th¢ cbaritable LXmnThy &s at the Ba18nce dale and of its incomins resoum 8nd application of re30urc¢4 incl1& and expendill¢. for the financial y¢ar. In preFaTi tIM)se Fllwcial Ststalle ts tsll8tees should follow b¢st prnctirx and: obsuve the meth(th at)d l1p]eS in the Chariti¢J SORP (FRS 102): state whether applicable aLroullting have be¢n followE4 8ubje¢t to any departwcs pw the Financi81 Statements on th¢ going conc¢m b14 Unl& it IJ inappryat¢ to assume that the charitable ¢ompgny will cotitin on that kni& The trugtseg are re8p)nsible for Dint proptt w4)untin8 thich dirK105e with reasonable Cuy, at any tin]¢. the findla1 sition of the dwitable comp2ny and to ¢[b]e them to enwre that the Financial Statementg ¢omply with the Con)pAnies Act 2006 atsj the ChoTities Act 2011. Thc trustee re also resnsIble for safegu&ding the ass$ of th¢ ¢harilablc LY)mpny and for tsking SMALLCOMPANILS PROV]510NS small companics exemption undtt the Companics Ad 2[6. Approved by th¢ Bolrd of Trwtt¢J on 21 Septsmber 21125 ••d slgaed OA Its bel11 by: SP THOMAS
INDEPENDENT EXAMINER'S REPORT Page 6 TO THE TRUSTELS OF FOR THE YEARENDED I r¢rt to the ¢harlty tnts on my ¢xamioation of th¢ Ullts of the CompRny for the year ended 30 Novemb¢r 2024. RESPONSIBIUTIES AND BASIS OF REPORT As the charity's tswt¢es of th¢ CoMpY (and its ditectOT5 for the purp)ses ofcomp8ny law) you r¢InSIbl¢ for thc prcparaiion of the Accounts in gecord9ne£ with the requirements of the Companies Act 2(Ki6 ('the 2006 Act,). Having Satisfi myself that the accounts of the CoMlY are twt rquired to be audited und¢r Part 16 of the 2006 Act and are eligible for indcpentht examinatio I report in respect of my ex8mination of your charity's accounts as earried out under section145 of the Ch8rities Act 2011 ('the 2011 Act,). In carying out my cxaminalion I have followcd the Ditections given by the Charity Comn)ission under section 145(5Xb) of the 2011 Act. INDEPE1¥DE EXAMINER'S sfATEMENr I have completed my examinatio I confirni that no matterg hAve Come to my att•htion in ¢onne¢tion with th¢ ex0mion 8ivin8 me ¢aus¢ to b¢li¢v¢ that io aoy mat¢tial tw¢Gt: occountin8 reeords were oot k¢pt in respect of tbe Compfiny as required by scction 386 of th¢ 2006 Acl or the COUnts do not aeeord with those rewrds: or the accounts do not mplY with the acco18 requirements of sectton 396 of the 2006 Act other than any requirement that the acUnts give a 'truc and fair view which is not a matter Considered 2$ part of an indwdent exarni or the accounts have not been prq>Ared in aecordance with the methody and princiDle# of the Statcmeot of Recommended Pr&t1 foT twountin8 ryrting by ¢harltles (appli¢abl¢ to clwities preparing their )lts in accordance with the Financi ReNirting Standard applicable in the UK and republic of Irelstsd (FRS 102)).
Page 7 (CONfINUED) TO THE TRusfELS OF MIDLANtKS G(K5PEL MtSSlON (IKrERNATIONAL) 30 NOVEMBER2024 INDEPEIYDENT EXAMINER'S STATEMENT (CoNTUED) I have no ¢oneerns and h&ve rne no othu mattcTS in conncdion with the examindii)n to whieh attention should be drnwn in this report in order to enable a proper understanding of the aecounts to be rea¢h D JMAwf FCA 21 Septsmber 2025 ABRAHAM & DOBELL Chartered A¢count2uts 230 Shirley R(b*d Southampton SOIS 3HR
MIDLANDS GOSPEL ThU&SION (]NIERNATIONAL) ATETh[ OF FtNANCIAL AcrivfTIES (INCLUDING INCOME AND EXPEIyDflRE ACCOUND FOR THE YEAR EfiDED 30 NOVEMBER 2024 Page 8 2024 Unr¢sttl¢ted RfJtrfcted Totsl Notss FuDd8 Funds Fund8 2023 Totsl Funds COME Donations and le8a¢ie8 Charitsble activiti Investment incom¢ 773 46.111 lJ58 77.543 46,111 1.358 44.765 29,336 837 TOTAL INCOME 125.012 125.012 74.938 EXPENDITURE Ch&itabla aCtItiC 84,876 84.876 69.938 TOTALEXPENDrruRE 84,876 84,876 69,938 NET INCOMEJ(EXPENDlTURE) 40.136 40.136 NET MOVEMENf IN FUNDS Wf)R THE YEAR 40.136 40,136 5.(KJO RECONCILIATION OF FUNIKS 66.5TI 107296 173,873 168.873 £106,713 £107296 £214,009 £173.873 Th¢ Statement of FirnKial Activities inclth all gal and in tr year. All incorne and The Jwt¢s OD pagu 19 to 17 forn Ixrt of these Slnan¢knl Ststenk¢nts
Page 9 AS AT 30 NOVEMBER21124 2024 2023 Notes Ta1¢ fix awts 07 107296 07 107296 Cash at bank and in Ild 112 124 111124 70.W2 5.411 4,415 l(Nfj.713 66.577 £214,( £173.873 JIX6.713 107295 66,577 107296 £214.rJ)9 £173.873 For the year ended 30 Noventhw 2024 the ¢oll) 111 to exemption from audit under sectxon 477 ofthe CompDie8 Act 2006 yelating small Th¢ ba Djt r4u1j the COmF•ny to oi*ain an a11¢ of its A¢ullts for th¢ rrtiod in Approved by the Board of Trnrtees on 21 SThptemb¢T 21125 wml Sign S P THOMAS COMPANY RECTTIoN NUMBEIL. 08786769 The notas pages 10 to 17 forn part ofthfst FIDanclal statllents
Pag¢ 10 30 NOVEMBER 21tt4 AccouKrJNG POLICIES Charlty InforniAtion midla Gospel Mi&sionanternationaI) is a clritable rA)mpany Jirnited by Bute4 estsblished Mler its Memorattdutn andkniclesofAssociationand is rcw&¢Ted with the Chariry Commission and COMFnI HO in Eugiand atyj Wale5. The princi1 &ldress is 2 Norwich Roa The principal accountin8 FQ]icies aR below. The xcountiDg p)licie8 have been Applied consistently throu8 the year •nd in th¢ year. (a) Bmii of Prepgrn1Son Th¢ Financial Sthtements have b prpared in cOrdanCe with Accounting and Reporting by Chariti¢s: Slat¢m¢nt of Recommcnded Ptactice applicable to chgrilie8 preparin8 Finao¢iai Statcmcnts in a¢wrdance with the Financial Reporting Standard applicabl¢ in th¢ UK and Republic of Ireland (FRS 102) - (Charities SORP (FRS 102)). the Finatteial R¢portsn8 Standard opplieable itt the UK and R¢public of Ireland (FRS 102) and th¢ Comptini Act 2000. The Finan¢ia] Statanthts are prcporol in Sterlin8 1¢h is the filonal cwrency of the Cbarity CoMmi&rrio M(rtary amounts are r(xmdul to the nearest £ Ib) Ino)me All in¢onK is inclu&d in the Stst¢mMtofFinancial A1VItieshrth¢ charitable company is entitled to the income and amount can be quantified with re&8onable 8ccurncy. The followin8 sIfiC poliGi¢¥ ar¢ applied to cawiesof income: Volunt8ry income is re¢¢ived by way of donations and is iluded in fuIl in the Statcment of Financial Activities when receivable. Investment income is included when receivabl¢. Income from ch8ritsble a1vitieS are 8ccounted for WI1 elmed. (c) ExpeDdltur¢ Expenditu is reco8nis¢d on an a¢fflwJ3 tAsis as a liability 15 incwred. Expenditure includes VAT as the chgritable ¢ompaDy is not VAT re8iStered and is reported a8 P#rt of thr whlckn It r¢la. Ci)aritable cxwditiTc comprises those ¢osts by the dmrilable company in th¢ delivery of its activities And services for its benefiei9rieg. It includes both eogts that can bc allocated directly to Sh activities and those C of all illditxt llatu necessary to sutp)rt them. (3overnance iy)sts include those cosls 4woiated vrith meaing the constitutional and statutory reqllirem of the Crit8b1e Company and lllUde &e audit fees and costs linked to the slrate8i¢ manat of the charitsble company.
Page 11 (CONTINI3ED) 39 NOVEMBER 20 ACCOuNG POLICILS (coNfINUED) (c) Esptndlture (Conthiued) AJI costs are All( betn the expetiditure e#t¢8oriw of thg Sta¢¢mwt of Finunfjial Activiti¢3 on a b13 design¢d to ect the use of the Tesource. Costs relating to a particular activity are allocated diTC£tly, others 8r¢ tIoned on an approprlate basis, eg floor areas. per capita or estimated usage as set out in not¢ 4. (d) TAnglble Flxed and Depre¢iati Fixed assets stad at c(4 le&8 XLIAmulated dqxtciatsO Tr of minoradditions gre not cop1tsliTt rkPre¢l1on is provided at Tat¢3 cCu to writc off the of each asset over Its exed usefjjl life &8 follows: Freehold laTha and buiidin8S Nil 2 tKM)k val No (knprecIatio yel h8$ been to the fredK>ld land awl iwildin8S. (e) Fllnd A¢¢oMnting Unrestricted Funds reprexnt the fimds of & charitable comF4ny that a not 5ubjext to any restrictio regarding their uge and are available for application on th¢ general puy9 of the chaTitabk company. objcctives of the ch8rithle company. Restrictions 8rise en specified by the &)nor or (fj Debtors Any amounts owing to the charitsble company at 30 Novemlw in resped of income are shoTer Lkpwlts and C8h At BMk ShoterM (kposits include eAgh held on dwtt orat the b8nE (h) Creditors Creditors recognised where the clwitable Company h&8 a present obligation T¢Sulting from a event that prot*bly result in the tn5fff of funts to a third party and the amount due to settle the obligation can Ix me&sur¢d oreStim reliably. Ci) FiDaDeial Instnun¢Dts The clwitable company has fin¢1 &wts and finawial liabiknties of a kir that
MIDLANIIS GOSPEL MtSSlON (]NIERNATKONAL) Page 12 I NOVEMBER2024 DONATIONS AND LECACIFS 2024 Unrestricted Reltricted Totsl FUD Fundg Funds 2023 TotAI Fund8 Don8tiom Sarah's Mi&sion annual colleetioll Gift Aid 58.235 3.190 16.118 58.235 3,190 16,118 42,395 2,370 £TIJ43 £77.543 £44,765 2023 Unregtrleted Rutrjeted Totsl Total FuDd& Fund• FUL Sunday offering SrIal offuin8 21,780 19,172 4.759 21,780 19.172 4.759 17,510 11,420 6,111 £46.111 £29.336
P4e 13 (CONTINUED) FOR THEYEARENDED 30 NOVEMBER2024 Church Activities Totsl Fwids 2023 Visiting swtors Prayer meetin 21286 1550 9,932 7.105 52S8 1,750 814 3,463 1,030 4221 1287 16.898 3596 21286 1.550 9.932 7.105 5,258 1,750 814 22,145 850 8J90 6.237 4243 Sunday SclKM)L VBS gnd xnniverA8ry 998 882 5.177 1.113 7,434 3,770 674 1,530 482 Light and heat Repairs and rn8intenanc¢ Building fe&sibility s Equipment 1,030 4,221 1,287 IA898 3596 Cleaning aNI offi T¢l¢phone 145 145 568 1,074 1710 136 1.074 2,710 136 Motor and trav¢1 eXp¢S L¢gal and pf10nal 2,498 96 814 497 Sutmbias 374 W6 374 9)6 £84.876 £84,876 £69.938 (b) ANALYSIS OF GOVERNANCE C(KS13 GovernAn¢e Basi8 of Fun6tion Total Apportionm¢nt
Page 14 NOTES TO THE FINAIYCIAL ATEmENTS (CONTThUED) 2024 2023 Wages and sal*Ties 1286 £22,145 Dmn8 the year the charitsble Lwmpany anployed dr. No one eaTned more than £60,000 The average DUMIOf employees during theyew was l (21Y23- 1). TANGIBLE FIXED ASSETS Frtthold Fixture Land & Furniture & B•ildiDgs Equipment Total At l Dwnber 2tr23 Disp)sals 107296 5,652 111948 {5.652) {5.652) At 30 Novenkn2024 107296 107296 Depreeiatioo At l De¢¢mbu 2 5,652 5.652 (5.652) (5.652) At 30 Novembrr 2024 N¢t Book Valll At 30 NovemLw 2024 £107296 £107296 At 30 N0VemE 2023 £107296 £107296
Page 15 (CON]INUED) ) NOVEMBER2024 2024 2023 AcGrua18 5.41 I 4.415 £5.411 £4,415 2024 UrIded R¢strict¢d Total Funds Funds Funds Totsl Funds Tan1)1¢ fixed assds 107296 1072% 107296 112,124 70,992 (5.411) (4.415) 111124 (5.411) Fund ikn at 30 November 224 £106,713 £107296 £214.009 £173,873
Page 16 (CONllN) FOR THE YEAR ENDED 30 NOVEKBER 21P24 ANALYSIS OF MOVEMENTS IN FUNDS AND FUND DETAIiS At IneomlDg Outgoing At OJ.1223 RwoMrr¢s RuourttJ 30.1124 Unrestr1et FvDd8 665TI 125,012 84,876 106,713 TotAI UDr•8tthd Fwidl 66Jn 125.012 84.876 106.713 107296 107296 Total R¢8trkted Funth 107296 107296 Total Fundj £173,873 £125.012 £84.876 £214.009 ar¢ fiuth which the ¢Iltabl¢ ¢ompany is free to spe on any of Its a]vitie& The Rfstsi¢t¢d Funds These fillyjs whid) the ¢b8rithble comp3ry eon tsy on a pwpox dCri by the tenns OD which thc fiMMI is I1L
Page 17 10. TRUSTELS, REMUNERATION AND EXPENSLS 1lemun¢i0n w&8 ptiid to one (S Manid¥)ItanL is the pastor) of £21286 (2023 - £21145). 11. ATUs chatitsble (xrntony is limit&1 gu2M1.