**REGISTERED CHARITY NUMBER: 1163950**
## **Report of the Trustees and**
**Unaudited Financial Statements for the Year Ended 31 December 2023**
## **for**
## **MOUNTAIN OF FIRE AND MIRACLES MINISTRIES**
FKAY SOLUTIONS Suite F6, Wood Street Business Centre 195 Wood Street London E17 3NU
**MOUNTAIN OF FIRE AND MIRACLES MINISTRIES**
## **Contents of the Financial Statements for the Year Ended 31 December 2023**
||**Page**|**Page**|**Page**|
|---|---|---|---|
|**Report of the Trustees**||1||
|**Independent Examiner's Report**||2||
|**Statement of Financial Activities**||3||
|**Balance Sheet**||4||
|**Notes to the Financial Statements**|5|to|8|
|**Detailed Statement of Financial Activities**||9||
## **MOUNTAIN OF FIRE AND MIRACLES MINISTRIES**
## **Report of the Trustees for the Year Ended 31 December 2023**
The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
Objectives and aims.
The objectives of the Church as set out in the Declaration of Trust are:-
(a) The advancement of Christian Faith in the United Kingdom or abroad
(b)The relief of persons who are in conditions of need, hardship, or distress or who are aged sick, in the UnitedKingdom or abroad.
The principal activities of the Church are Christian worship and involvement of various ministries and ministers of religion in propagating Christian tenants to members (and non-members) of the ministry at various meetings.
## **ACHIEVEMENTS AND PERFORMANCE**
## **Achievements against objectives**
During the year the church was involved in various evangelical outreach programs all aimed at achieving its principal activities.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1163950
## **Principal address**
Unit 2A, Unimix House Abbey Road Park Royal London NW10 7TR
## **Trustees**
Olalekan Loremikan, Chair Emmanuel Okechukwu Amako Bola Aderogba Folashade Mobadeji Abisogun Adebayo Afolabi Kolawole-Olutade
## **Independent Examiner**
FKAY SOLUTIONS Suite F6, Wood Street Business Centre 195 Wood Street London E17 3NU
Approved by order of the board of trustees on 31 October 2024 and signed on its behalf by:
Mr. Olalekan Loremikan
Trustee
Page 1
## **Independent Examiner's Report to the Trustees of MOUNTAIN OF FIRE AND MIRACLES MINISTRIES**
## **Independent examiner's report to the trustees of MOUNTAIN OF FIRE AND MIRACLES MINISTRIES**
I report to the charity trustees on my examination of the accounts of MOUNTAIN OF FIRE AND MIRACLES MINISTRIES (the Trust) for the year ended 31 December 2023.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Afolabi Abimbola AFA
FKAY SOLUTIONS Suite F6, Wood Street Business Centre 195 Wood Street London E17 3NU
Date: 31 October 2024
Page 2
## **MOUNTAIN OF FIRE AND MIRACLES MINISTRIES**
## **Statement of Financial Activities for the Year Ended 31 December 2023**
**----- Start of picture text -----**
31.12.23 31.12.22
Unrestricted Total
fund funds
Notes £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 134,996 118,178
EXPENDITURE ON
Charitable activities 2 115,843 97,040
NET INCOME 19,153 21,138
RECONCILIATION OF FUNDS
Total funds brought forward 135,169 114,031
TOTAL FUNDS CARRIED FORWARD 154,322 135,169
**----- End of picture text -----**
The notes form part of these financial statements
Page 3
**MOUNTAIN OF FIRE AND MIRACLES MINISTRIES**
## **Balance Sheet 31 December 2023**
**----- Start of picture text -----**
31.12.23 31.12.22
Unrestricted Total
fund funds
Notes £ £
CURRENT ASSETS
Cash in hand 155,122 135,169
CREDITORS
Amounts falling due within one year 5 (800) -
NET CURRENT ASSETS 154,322 135,169
TOTAL ASSETS LESS CURRENT
LIABILITIES 154,322 135,169
NET ASSETS 154,322 135,169
FUNDS 6
Unrestricted funds 154,322 135,169
TOTAL FUNDS 154,322 135,169
**----- End of picture text -----**
The financial statements were approved by the Board of Trustees and authorised for issue on 31 October 2024 and were signed on its behalf by:
Mr. Olalekan Loremikan Trustee
The notes form part of these financial statements
Page 4
**MOUNTAIN OF FIRE AND MIRACLES MINISTRIES**
## **Notes to the Financial Statements for the Year Ended 31 December 2023**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **2. RAISING FUNDS**
## **Raising donations and legacies**
|**Raising donations and legacies**||
|---|---|
|Support costs|**31.12.23**
**31.12.22**
**£**
**£**
**56,638**
41,081|
|**Premisescosts**
Rent|**31.12.23**
**31.12.22**
**£**
**£**
**59,205**
55,959|
|Aggregate amounts|**115,843**
97,040|
continued...
Page 5
## **MOUNTAIN OF FIRE AND MIRACLES MINISTRIES**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2023**
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.
**4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**EXPENDITURE ON**
Charitable activities
**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**5.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors
**6.**
**MOVEMENT IN FUNDS**
**At 1.1.23**
**£**
**Unrestricted funds**
General fund
**135,169**
**TOTAL FUNDS**
**135,169**|**31.12.23**
**£**
**800**
**Net**
**movement**
**in funds**
**£**
**19,153**
**19,153**|**Unrestric**
**fund**
**£**
118,178
97,040
21,138
114,031
135,169
**31.12.22**
**£**
-
**At**
**31.12.23**
**£**
**154,322**
**154,322**|
|---|---|---|
continued...
Page 6
## **MOUNTAIN OF FIRE AND MIRACLES MINISTRIES**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2023**
## **6. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|**Incoming**
**resources**
**£**
**134,996**
**134,996**|**Resources Movement**
**expended**
**in funds**
**£**
**£**
**(115,843)**
**19,153**
**(115,843)**
**19,153**|
|---|---|---|
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|**Net**
**movement**
**At**
**At 1.1.22**
**in funds**
**31.12.22**
**£**
**£**
**£**
114,031
21,138
135,169
114,031
21,138
135,169|
|---|---|
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund|**Incoming**
**Resources **
**resources**
**expended**
**£**
**£**
118,178
(97,040)|**Movement**
**in funds**
**£**
21,138|
|---|---|---|
|**TOTAL FUNDS**|118,178
(97,040)|21,138|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|**Net**
**movement**
**At**
**At 1.1.22**
**in funds**
**31.12.23**
**£**
**£**
**£**
114,031
40,291
154,322
114,031
40,291
154,322|
|---|---|
continued...
Page 7
## **MOUNTAIN OF FIRE AND MIRACLES MINISTRIES**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2023**
## **6. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund|**Incoming**
**Resources **
**resources**
**expended**
**£**
**£**
253,174
(212,883)|**Movement**
**in funds**
**£**
40,291|
|---|---|---|
|**TOTAL FUNDS**|253,174
(212,883)|40,291|
## **7. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 December 2023.
Page 8
## **MOUNTAIN OF FIRE AND MIRACLES MINISTRIES**
## **Detailed Statement of Financial Activities for the Year Ended 31 December 2023**
**----- Start of picture text -----**
31.12.23 31.12.22
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 134,996 118,178
Total incoming resources 134,996 118,178
EXPENDITURE
Premises costs
Rent 59,205 55,959
Support costs and Management
Wages 25,768 18,189
Insurance 604 -
Telephone 117 258
General expenses 6,050 5,035
Premises costs 3,750 3,149
Computer and IT costs - 198
Motor and travel expenses 441 570
Welfare 3,770 800
Ministry expenses 10,053 8,942
Conferences and events 5,285 3,140
55,838 40,281
Governance costs
Professional fees 800 800
Total resources expended 115,843 97,040
Net income 19,153 21,138
**----- End of picture text -----**
This page does not form part of the statutory financial statements
Page 9