2025-01-31-accounts - Miracle Centre (House Of Grace)

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MIRACLE CENTRE (HOUSE OF GRACE)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[st] JANUARY 2025

CHARITY NUMBER: 1163350

MIRACLE CENTRE (HOUSE OF GRACE)

LEGAL & ADMINISTRATIVE DETAILS YEAR ENDED 31[ST] JANUARY 2025

ADDRESS FOR CORRESPONDENCE

34 BARNWOOD ROAD

GLOUCESTER GL2 0RX

REGISTERED CHARITY NUMBER

1163350

GOVERNING DOCUMENT

CIO FOUNDATION REGISTERED 1 SEPT 2015

TRUSTEES/ DIRECTORS

MR KOFI KUMI- ADDO

MR YIADOM BOACHIE

REV GEORGE MIREKU - YEBOAH

PRINCIPAL BANKERS

LLOYDS BANK PLC

25 GRESHAM ROAD LONDON EC2V 7HN

INDEPENDENT EXAMINER

FRESH FIRE ORGANISATION

GENRATOR BUSINESS CENTRE UNIT 5 95 MILES ROAD MITCHAM CR4 3FH

MIRACLE CENTRE (HOUSE OF GRACE) 34 BARNWOOD ROAD GLOUCESTER GL2 0RX

INDEX Page Legal & Administrative Details 1 Index 2 Trustee’s Report 3-4 Independent Examiner’s Report 5 Statement of Financial Activities 6 Balance Sheet 7 Notes on the financial Statements 8-10

MIRACLE CENTRE (HOUSE OF GRACE)

TRUSTEES’ REPORT

YEAR ENDED 31[ST] JANUARY 2025

The trustees are pleased to present their report for the year ended 31[st] January 2025 for the charity, Miracle Centre (House of Grace) with charity number 1163350.

The Trustees of the charity are: Mr Kofi Kumi - Addo Mr Yiadom Boachie

Rev George Mireku- Yeboah

The principal address of the charity is : 34 Barnwood road

Gloucester GL2 0RX

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Charity governing document is a CIO foundation constitution that was adopted on 1[st] September 2015.The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.

OBJECTIVES AND ACTIVITIES

The Objects of the organisation are first to advance the Christian faith in accordance with the statement of beliefs for the benefit in the United Kingdom and in such other parts of the world as the trustees may think fit from time to time.The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.

ACHIEVMENTS AND PERFORMANCE

The Organisation continues to hold successful meetings through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. The organisation held several conferences during the year in which individuals came from all around the community to attend. This has produced good results in reaching and helping members of the community. The church continues to hire a hall to hold its weekly services and meetings in and this continues to be well attended by the members of the public.

FINANCIAL REVIEW

The income of the charity is above £80,000. This is a good amount for this year of the charity the costs have been well managed over this period. The organisation is still in a good position to manage its costs. The main cost of the organisation was paying for the rent of its building that it uses for worship services and running special programs.

RESERVE POLICY

It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure. This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to maintain this level throughout the year.

RISK MANAGEMENT

The charity have assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.

TRUSTEE RESPONSIBILITIES

Under the Charities Act 2011, the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:

Select suitable accounting policies and apply them consistently.
Make judgements and estimates that are reasonable and prudent.
State whether the applicable accounting standards have been followed.
Prepare financial statements on an ongoing basis.

They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.

Approved by the Trustees on 26[TH] November 2025 and signed on their behalf by:

Independent Examiner’s Report To the Trustees

MIRACLE CENTRE (HOUSE OF GRACE)

I report on the accounts of the church for the year ended 31[st] January 2025 set out on the following pages which have been prepared on the basis of the accounting policies shown in the corresponding pages.

Respective responsibilities of trustees and examiner

The trustees of the church are responsible for the preparation of accounts: they consider that the audit requirement under section 144(2) of the Charities Act 2011 (the 2011 Act),does not apply. It is my responsibility to :

Examine the accounts under section 145 of the 2011 Act.
Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 145(5)(b) of the 2011 Act.
State whether particular matters have come to my attention.

Basis of Independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the church and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner’s statement

In the course of my examination, no matter has come to my attention;

(1) which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that:
proper accounting records are kept( in accordance with section 130 of the 2011 Act
accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 2011 Act: or
(2) to which , in my opinion , attention should be drawn in order to enable a proper understanding of the accounts to be reached.

CHUKS AJUKA BSc(Man), FICB PMDip FRESH FIRE ORGANISATION 95 Miles Road Mitcham Surrey CR4 3FH

MIRACLE CENTRE (HOUSE OF GRACE)

Statement of Financial Activities for the year ended 31st January 2025

		Unrestricted	Total Funds
		Funds	2025	2024
Incoming Resources from	Note	£	£
generated funds
Voluntary Income		76014	76014	74508
Investment income		3331	3331	586
		79345	79345	75094
Other Income
Other		7698	7698	0
Total Incoming		87043	87043	75094
Resources
Resources Expended
Charitable activities in furtherance of objectives
Cost of Activities	3	42,225	42,225	46833
Other	4	18,223	18,223	13221
Total Resources		60,448	60,448	60054
Expended
Net movement in funds		26,595	26,595	15040
Reconciliation of Funds
Total Funds brought forward		223260	223260	208220
Total Funds carried forward		249,855	249,855	223260

The above funds are all classed as to purpose All movements of funds and all recognised gains and losses are included above.

The notes on the accounts form part of these accounts.

MIRACLE CENTRE (HOUSE OF GRACE) Balance Sheet as at 31st January 2025

Note 2025 Fixed Assets £ Tangible fixed assets 2 5049 _ 5049 _ Current Assets Cash at bank and 216706 in hand Debtors & prepayment 6 28580 245286 Creditors:amounts falling due within one year Creditors & accruals 5 480 _ Net Current Assets 244806 _ Net Assets 249855 Unrestricted Funds General Fund 249855 _ TOTAL FUNDS 249855 _	2024 £ 6311
	6311
	200349 17000
	217349 400
	216949
	223260 223260
	223260

Approved by the trustees on 27th Nov 2025 and signed on their behalf by:

MIRACLE CENTRE (HOUSE OF GRACE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] JANUARY 2025

1) Accounting Policies

The financial statements are prepared under the historic cost convention (as modified by the revaluation of fixed asset investments) and in accordance with applicable accounting standards: Statement of Recommended Practice: Reporting and Accounting by Charities issued March 2005 and the provisions of the Charities Act 1993. Significant policies adopted are

Incoming Resources

Incoming resources are recognised in the statement of financial activities when entitlement has passed to the charity and the amounts are certain and measurable. Any incoming resources received that relate exclusively to future periods are Deferred on the Balance Sheet

Resources Expended

Expenditure is recognised in the statement of financial activities when a liability is incurred or increased without a commensurate increase in recognised assets or a reduction in liabilities.

Allocation of Costs

Direct Activity Costs comprise those costs that contribute directly to an activity and are allocated to the relevant activity

Support Costs comprise those costs that are necessary to deliver an activity but in themselves do not produce or deliver an activity. Support costs are allocated to activities based on the direct salary costs of the activity compared with total activity salary costs

Governance costs are those costs incurred to meet statutory and constitutional requirements.

Funds

Restricted funds represent income received that is subject to restrictions on use as determined by the donor which are narrower than the general objects. Designated funds represent funds set aside by the Trustees for specific purposes General funds are those funds made available for the charity’s general objects.

Depreciation

Items of equipment over £500 are capitalised and depreciated so as to write off Cost in equal instalments over their useful lives. Rates are set at equipment 5 to 10 years.

MIRACLE CENTRE (HOUSE OF GRACE) Notes to the accounts for year ended 31st January 2025

2 Tangible Fixed Assets Cost At 01/02/2024 Additions At 31/01/2025 Depreciation At 01/02/2024 charge for the year At 31/01/2025 Net Book Value at 31/01/2025 Net Book Value at 01/02/2024	Instrument Vehicle Equipment Total 2025 £ £ £ £ 2059 14750 5380 22189 0 0 0 0 _____ 2059 14750 5380 22189 1501 11339 3038 15878 112 682 468 1262 _____ 1613 12021 3506 17140 446 2729 1874 5049 558 3411 2342 6311

3 Charitable Activities

Charitable Activities
Subscriptions Post, Printing & Stationary Pastors' Allowance Hall Rent Youth and Children outreach Welfare Church events Ministry support Benevolence Other outreach expenses Pension Charity donations Bank charges Insurance Refreshments Total Other Resource Costs Vehicle Expenses Speakers expenses Volunteer expenses Transport costs Depreciation Media Services Women Outreach Admin Accounting services Total	2025/£ 2024/£ 0 302 724 0 6000 19756 17516 586 4070 2951 5618 4309 1995 5183 3786 2176 0 1072 0 1200 0 1653 3242 390 1169 1470 1463 1177 1250
	42225 46833 4102 1575 4397 3789 3698 0 0 0 1262 1577 0 2320 2502 854 1862 2306 400 800
	18223 13221

4 Other Resource Costs

MIRACLE CENTRE ( HOUSE OF GRACE) Notes to the accounts for year ended 31st January 2025

5 Creditors: amounts falling due within one year

Independent examination Creditors Total	2025/£ 2024/£ 480 400 0 0
	480 400

6 Debtors and Prepayments Debtors Loans	2025/£ 202/£ 9680 8900 18900 8100
	28580 17000