## **MOMENTS OF GLORY PRAYER ARMY UK**
## **FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31[ST] MARCH 2022**
**CHARITY NUMBER: 1167047**
**MOMENTS OF GLORY PRAYER ARMY UK 8 POTTERY CLOSE LONDON SE25 4BH**
**INDEX Page Index 1 Trustee’s Report 2 – 3 Independent Examiner’s Statement 4 Receipts and Payments Account 5 Statement of Assets and Liabilities 6 Notes on the financial Statements 7**
**1**
## **MOMENTS OF GLORY PRAYER ARMY UK**
# **TRUSTEES’ REPORT YEAR ENDED 31[ST] MARCH 2022**
The trustees are pleased to present their report for the year ended 31[st] March 2022 for the charity, Moments of Glory Prayer Army UK with charity number 1167047.
The Trustees of the charity are: Pastor Winfred Dugbartey Ms Angela Owusu-Afriyie Miss Comfort Adu Mr Godfried Mark Darwah Nyarko Bernard Nyarkoh
The principal address of the charity is : 8 Pottery close London
SE25 4BH
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The Charity governing document is a CIO – Foundation Constitution registered 11[th] May 2016.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 produced and printed tracts and booklets for Christian education and evangelism during the year in which individuals around the community were positively affected. The services and programmes were severely limited and affected by the pandemic. This meant that programs were held online and donations for the year dropped greatly.
**2**
## **FINANCIAL REVIEW**
The income of the charity is above £3,200. This is a poor 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 assisting those affected by the pandemic. The organisation meets in both London and the Milton Keynes for services.
## **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:
1. Select suitable accounting policies and apply them consistently.
2. Make judgements and estimates that are reasonable and prudent.
3. State whether the applicable accounting standards have been followed.
4. 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 14[th] March 2023 and signed on their behalf by:
_____________________________________________
**3**
Independent Examiner’s Report To the Trustees
## **MOMENTS OF GLORY PRAYER ARMY UK**
I report on the accounts of the church for the year ended 31[st ] March 2022 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
- (95) 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 Generator Business Centre 95 Miles road Mitcham Surrey CR4 3FH
**4**
## **MOMENTS OF GLORY PRAYER ARMY UK**
## **ACCOUNTS FOR THE YEAR ENDED 31st March 2022**
## **1 Receipts & Payments Account (General Purpose Fund)**
|**Income Receipts**
Tithes and Offerings
Interest
**Total Receipts**
**Direct Charitable Expenditure**
Telephone & Internet
Refreshments
Music Services
Rent of Building
Storage costs
Radio programs
Office Rent
Transport
Welfare
Stationary
Admin
Hire of Vehicle
Outreach costs
Light & Heat
Professional fees
Mission
Church events costs
**Other Expenditure**
Equipment
Insurance
Rates
**Total Payments**
**Net Receipts/(Payments) for the year**
**Cash Funds brought forward**
**Cash Funds at the end of the year**|£/ 2022
£/2021
3210
2315
1
1
**3211**
2316
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1800
1500
0
0
400
480
0
0
300
600
0
0
0
0
0
0
0
0|
|---|---|
||2500
2580
0
0
0
0
0
0|
||0
0
**2500**
2580
711
-264
**6777**
7041|
||**7488**
6777|
**5**
## **MOMENTS OF GLORY PRAYER ARMY UK**
|**2 **|**Statements of Assets and Liabilities at 31st March 2022**|**Statements of Assets and Liabilities at 31st March 2022**|**Statements of Assets and Liabilities at 31st March 2022**|
|---|---|---|---|
||**Monetary Assets**|||
||**Cash Funds**|**Unrestricted Funds**||
|||**£/2022**|**£/2021**|
|||**£**|**£**|
||Cash at hand and in bank|7488|6777|
||**Total Cash Funds**|7488|6777|
||**Assets Retained for the**|||
||**Charity's Own use**|||
||**Non-monetary Assets and Liabilities**|||
||Musical Instruments|406|508|
||Equipments|1197|1496|
||Furniture and Fittings|70|88|
|||1673|2092|
||**Liabilities**|||
||Bookkeeping|400|400|
||**NET ASSETS**|8761|8469|
These accounts were approved by the trustees and signed on their behalf by: Angela Owusu- Afriyie
________________________________________________
**6**
**MOMENTS OF GLORY PRAYER ARMY UK**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st March 2022**
## **ACCOUNTING POLICIES**
## **Basis of Accounting**
These accounts have been prepared on the receipts and payments basis with all revenue and expenses shown on a cash basis. Non-monetary assets are shown at estimates of the value at the end of the year.
## **Funds**
The CIO has a general unrestricted fund that receives voluntary donations from attendants at the services.
The CIO has no outstanding guarantees to third parties no any debts secured on the asstes of the CIO
## **Public Benefit**
The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or aims that are for public benefit.Details of how this is achieved are provided in the Trustees report. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
## **Depreciation**
Depreciation on equipment is calculated at 20% reducing balance method
**7**