Charity registration number: 1163950
MOUNTAIN OF FIRE AND MIRACLES MINISTRIES SHALOM ASSEMBLY TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
MOUNTAIN OF FIRE AND MIRACLES MINISTRIES SHALOM ASSEMBLY Contents
| Page | |
|---|---|
| Trustees' Report | 1—4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Statement of Financial Position | 7 |
| Notes to the Financial Statements | 8—11 |
MOUNTAIN OF FIRE AND MIRACLES MINISTRIES SHALOM ASSEMBLY Trustees' Report For The Year Ended 31 December 2024
The trustees present their report and the financial statements for the year ended 31 December 2024.
Objectives and Activities
Aims and Objectives
The objectives of the Church as set out in the Declaration of Trust are:-
(a) The advancement of Christian Faith in the United Kingdom
The primary purpose of the Charity is the advancement of the Christian religion. This is pursued through a range of activities aimed at promoting awareness and understanding of the Christian faith, including worship services, Christian meetings, seminars, crusades, evangelism, and counselling.
(b) The relief of persons who are in conditions of need, hardship, or distress or who are aged sick, in the United Kingdom.
In addition to its spiritual mission, the Charity is also committed to preventing and relieving poverty, particularly among the young and the elderly, as part of its broader public benefit objectives.
Our missionary work and outreach extend beyond welfare support, hospital visits, and evangelism. We actively promote cultural and community engagement through services such as free counselling, advice sessions, and access to a dedicated prayer line. These activities are open to both Christians and non- Christians, reflecting our commitment to inclusivity and ensuring that our doors remain open to all members of the community.
Significant Activities
In fulfilling its mission to advance the Christian faith, the Charity provides a meaningful platform for members of the community to live out their beliefs through:
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Worship and prayer, fostering spiritual growth and encouraging the practice of Gospel of Jesus
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Christ teachings
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The provision of pastoral care, offering guidance, support, and religious services
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Active missionary and outreach work, extending the message of faith and compassion to the
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wider public
Public Benefit
Theological education; evangelical training; counseling, sponsoring of programmes for the relief of neglected, poor and the elderly; publications distributions of books, audio, and video tapes.
The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.
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MOUNTAIN OF FIRE AND MIRACLES MINISTRIES SHALOM ASSEMBLY Trustees' Report (continued) For The Year Ended 31 December 2024
Volunteers
Our volunteers remain the backbone of the Charity, consistently demonstrating exceptional dedication and commitment to our mission. Their selfless service is a true reflection of their belief in the values we uphold. To support and protect them, MFM Goshen Assembly has implemented a comprehensive Health and Safety Policy, along with detailed procedures to ensure their ongoing well-being and safety in all aspects of their involvement.
Review of Activities
The Charity seeks to further enhance public benefit by interacting more with the local community where we operate through charitable giving, outreach programmes, support for community initiatives, and other social-related programmes.
Achievements and Performance
Main Achievements
Achievements against objectives
The trustees are pleased to report that the Church continued to be successful spiritually by ministering to many people.
During the year the church was involved in various evangelical outreach programs all aimed at achieving its principal activities.
Financial Review
Going Concern
The Trustees have a reasonable expectation that the Charity has sufficient resources to continue its operations for the foreseeable future. Accordingly, they have adopted the going concern basis in preparing the financial statements. Further information on the application of the going concern assumption is provided in the accounting policies section of these financial statements.
Structure, Governance and Management
Governing Document
Mountain of Fire and Miracles Ministries Shalom Assembly was registered as a charity on 13 October, 2015. The governing document is the Constitution, dated 13 October, 2015. The main objective of the Charity which the Charity was to further the advancement of the Christian religion through Christian meetings, seminars, conventions, crusades, theological education, evangelical training, counselling, and sponsoring of poverty-elevating programs for both poor and neglected, young and old, publications and distributions of books, audio and video materials.
Trustee Selection Methods
The management of the Charity is the responsibility of the Trustees, who are elected and coopted under the terms of the Constitution as a Charitable Incorporated Organisation. All Trustees give their time freely, and no Trustee receives any remuneration during the year.
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MOUNTAIN OF FIRE AND MIRACLES MINISTRIES SHALOM ASSEMBLY Trustees' Report (continued) For The Year Ended 31 December 2024
Reference and Administrative Details
Trustees
Mr Olalekan Loremikan - Chair Mr Emmanuel Okechukwu Amako Mrs Bola Aderogba Mrs Folashade Mobadeji Abisogun Mr Adebayo Afolabi Kolawole-Olutade
Charity Number
1163950
Principal Address
First Floor, Unimix House Abbey Road Park Royal London NW10 7TR
Independent Examiner
FKAY SOLUTIONS Suite F6, Wood Street Business Centre 195 Wood Street London E17 3NU
Bankers
Tsb Bank Mitcheldean Po Box 453
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MOUNTAIN OF FIRE AND MIRACLES MINISTRIES SHALOM ASSEMBLY Trustees' Report (continued) For The Year Ended 31 December 2024
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing the financial statements the trustees are required to:
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select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charity SORP;
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make judgments and accounting estimates that are reasonable and prudent; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at anytime the financial position of the charity and to enable them to ensure that the accounts comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
The trustees' report was approved by the board of trustees and signed on its behalf by:
Mr Olalekan Loremikan
Chairman 01/10/2025
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MOUNTAIN OF FIRE AND MIRACLES MINISTRIES SHALOM ASSEMBLY Independent Examiner's Report to the Trustees of MOUNTAIN OF FIRE AND MIRACLES MINISTRIES SHALOM ASSEMBLY For The Year Ended 31 December 2024
I report to the trustees on my examination of the accounts of MOUNTAIN OF FIRE AND MIRACLES MINISTRIES SHALOM ASSEMBLY (the Trust) for the year ended 31 December 2024.
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 2011 Act and in carrying out my examination, I have followed the 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:
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accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and contents 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 01/10/2025 FKAY SOLUTIONS Suite F6, Wood Street Business Centre 195 Wood Street London E17 3NU
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MOUNTAIN OF FIRE AND MIRACLES MINISTRIES SHALOM ASSEMBLY Statement of Financial Activities For The Year Ended 31 December 2024
| Notes INCOME AND ENDOWMENTS FROM: Donations and legacies 4 EXPENDITURE ON: Raising funds 5 NET INCOME NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD 9 |
2024 Unrestricted funds £ 105,249 |
2023 Unrestricted funds £ 134,996 |
|---|---|---|
| (86,597) | (115,843) | |
| 18,652 | 19,153 | |
| 18,652 154,322 |
19,153 135,169 |
|
| 172,974 | 154,322 |
The notes on pages 8 to 11 form part of these financial statements.
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MOUNTAIN OF FIRE AND MIRACLES MINISTRIES SHALOM ASSEMBLY Statement of Financial Position As At 31 December 2024
| Notes CURRENT ASSETS Cash at bank and in hand Creditors: Amounts Falling Due Within One Year 8 NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS OF THE CHARITY Unrestricted Funds TOTAL FUNDS 9 On behalf of the board |
2024 Unrestricted funds £ 173,924 |
2023 Total funds £ 155,122 |
|---|---|---|
| 173,924 (950) |
155,122 (800) |
|
| 172,974 | 154,322 | |
| 172,974 | 154,322 | |
| 172,974 | 154,322 | |
| 172,974 | 154,322 | |
| 172,974 | 154,322 | |
Mr Olalekan Loremikan Chairman 01/10/2025
The notes on pages 8 to 11 form part of these financial statements.
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MOUNTAIN OF FIRE AND MIRACLES MINISTRIES SHALOM ASSEMBLY Notes to the Financial Statements For The Year Ended 31 December 2024
1. General Information
MOUNTAIN OF FIRE AND MIRACLES MINISTRIES SHALOM ASSEMBLY is a charitable incorporated organisation registered with the Charity Commission, registered charity number 1163950. The principal address is First Floor, Unimix House , Abbey Road Park Royal, London, NW10 7TR.
2. Statement of Compliance
The financial statements 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.
3. Accounting Policies
3.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention.
The charity is a Public Benefit Entity as defined by FRS 102.
3.2. Fund Accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Designated funds comprise unrestricted funds that have been set aside by the trustees for a specific purpose.
Restricted funds are to be used for specific purposes as laid down by the donor.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
3.3. Incoming Resources
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.
Legacies are recognised as income at the earliest of the following: when the charity is notified that probate has been granted, when the estate has been finalised and the executor(s) have confirmed that distribution will be made, or when funds are received. A legacy is only deemed probable when its value can be reliably estimated and the charity has received confirmation from the executor(s) of their intention to distribute. If the charity is aware of a legacy or probate has been granted but the criteria for income recognition are not yet met, the legacy is disclosed as a contingent asset if it is material.
Gifts in kind donated for distribution are recognised as income at their estimated value when they are distributed to the projects. Items donated for resale are recognised as income at the point of sale. Donated facilities are included at their estimated value to the charity, provided this value can be measured and a third party bears the cost. The value of services provided by volunteers is not included in the financial statements.
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MOUNTAIN OF FIRE AND MIRACLES MINISTRIES SHALOM ASSEMBLY Notes to the Financial Statements (continued) For The Year Ended 31 December 2024
3.4. Resources Expended
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.
3.5. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
4. Income from Donations and Legacies
| 4. Income from Donations and Legacies |
|||||
|---|---|---|---|---|---|
| Donations and gifts 5. Analysis of Expenditure Raising funds Raising funds |
2024 2023 Unrestricted Unrestricted funds funds £ £ 105,249 134,996 2024 Activities undertaken directly Support costs (see note 6) Total £ £ £ 26,050 60,547 86,597 2023 Activities undertaken directly Support costs (see note 6) Total £ £ £ 25,768 90,075 115,843 |
2024 Unrestricted funds £ 105,249 |
2023 Unrestricted funds £ 134,996 |
||
| 2024 Total £ 86,597 |
|||||
| Activities undertaken directly £ 25,768 |
Support costs (see note 6) £ 90,075 |
2023 Total £ 115,843 |
5. Analysis of Expenditure
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MOUNTAIN OF FIRE AND MIRACLES MINISTRIES SHALOM ASSEMBLY Notes to the Financial Statements (continued) For The Year Ended 31 December 2024
6. Support Costs
| Volunteers costs Premises expenses General administration Governance costs Volunteers costs Premises expenses General administration Governance costs |
2024 Raising funds £ 5,285 49,388 5,074 800 |
|---|---|
| 60,547 | |
| 2023 Raising funds £ 4,211 62,955 22,109 800 |
|
| 90,075 |
7. Average Number of Employees
Average number of employees during the year was: NIL (2023: NIL)
8. Creditors: Amounts Falling Due Within One Year
| Other creditors 9. Movement in Funds Unrestricted funds General: General unrestricted fund Total funds |
As at 1 January 2024 £ 154,322 |
Income £ 105,249 |
2024 £ 950 Expenditure £ (86,597) |
2023 £ 800 |
|---|---|---|---|---|
| As at 31 December 2024 £ 172,974 |
||||
| 154,322 | 105,249 | (86,597) | 172,974 |
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MOUNTAIN OF FIRE AND MIRACLES MINISTRIES SHALOM ASSEMBLY Notes to the Financial Statements (continued) For The Year Ended 31 December 2024
| Unrestricted funds General: General unrestricted fund Total funds |
As at 1 January 2023 £ 135,169 |
Income £ 134,996 |
Expenditure £ (115,843) |
As at 31 December 2023 £ 154,322 |
|---|---|---|---|---|
| 135,169 | 134,996 | (115,843) | 154,322 |
10. Transactions with Trustees
None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.
No trustee expenses have been incurred.
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