## HEAVEN DEW’S MINISTRIES FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST ] MARCH 2022 CHARITY NUMBER: 1167077 ## **HEAVEN’S DEW MINISTRIES 339 COMMONSIDE EAST MITCHAM CR4 1HF** **INDEX** ## **Index 1** ## **Trustee’s Report 2-3** **Notes on the financial Statements 4** ## **HEAVEN’S DEW MINISTRIES 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, Heaven’s Dew Ministries with charity number 1167077. The Trustees of the charity are: Rev Manasseh Abraham Ms Manisha Galande Mr Raigin Lawrance. The principal address of the charity is : 339B, Commonside East Mitcham, Surrey CR4 1HF ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** The Charity governing document is a CIO – Foundation Constitution registered 13[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 held successful meetings through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. The organisation held outreach meetings during the year in which individuals had the opportunity to hear the message of the Christian faith. This has produced good results in reaching and helping members of the community. ## **FINANCIAL REVIEW** The income of the charity is close to £13000. This is a good amount for this year of the charity and 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 office it uses for its meetings as well as the mission house. ## **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 30[th ] January 2023 and signed on their behalf by: _____________________________________________ ## **HEAVEN'S DEW MINISTRIES 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 assets 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. HMRC Grant: The Charity Received £3870 as HMRC Grant (Furlough) ## **Trustee Remuneration** The trustee Rev Manasseh Abraham received £7725 for pastoral services to the charity. 1167077 CHARITY COMMISSIO FOR ENGLAND AND WALE Hpivon's Dpw Mini Receipts and payments accounts CC16a Forth• p•rfod from 1st April 2021 To 31st March 2022 Section A Receipts and payments Unr•strfct•d fvnds Endowm•nt funds Thw••t £ rnw••t £ *> th• rnw••t £ Totsl fund• Lasty•ar A1 R•c•l t• 8,747 3.870 8.747 3.870 19.258 Sub total(Gmss Income forAR) A2 AM•t and Inv•stm•nt •al••. ••• tabl• . ul Muslcal Other ul 12,617 12.617 19.258 m•nts 250 120 170 70 120 Sub total 370 370 240 12.987 12,•fr 19.498 A3 •nts Pant Staff PrDf088kThl ox 83#)n Exponses Adnlnlstr8tk CA)ntrlbutk>n ns88 370 137 137 742 cha 250 Sub total 11.453 11.453 21,647 M As••t and Inv•stm•nt purchasm. (••• tabl•) Sub total 11.453 21,647 Net of re¢elpts/(pyments) A5 Transf•rn b•tw••n funds A6 Cash funds last yoar•nd Cash fvnds thls year end 1,535 1.535 2,149 597 1.552 1.552 3,087 1.552 3,087 Section B Statement of assets and liabilities at the end of the period Unrostrlct•d UnRestrlct•d funds 2022 funds 2021 Mar••t £ Endowm•nt fund• Categories Details B1 Cash funds 1,552 Total cash fvnds 3,087 1,552 wlth raxlFl• ￿1 ffxnrfs)) Scanned with Camscanner Unr•strfct•d funds to M•r••t £ R•strfctod funds Endowment funds Details to rnar••t £ B2 Other monotary ass•ts Cwr•rt val Details b•l