# **HEAVEN DEW’S MINISTRIES FINANCIAL STATEMENTS** FOR THE YEAR ENDED 31[ST ] MARCH 2023 CHARITY NUMBER: 1167077 **HEAVEN’S DEW MINISTRIES 339B 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 2023 The trustees are pleased to present their report for the year ended 31[st ] March 2023 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 £11500. 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 rent 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 2024 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. ## **Trustee Remuneration** The trustee Rev Manasseh Abraham received £6200 for pastoral services to the charity. ||**HEAVEN'S DEW MINISTRIES**|**HEAVEN'S DEW MINISTRIES**|**HEAVEN'S DEW MINISTRIES**|**1167077**|**1167077**|**1167077**|**CC16a**| |---|---|---|---|---|---|---|---| ||||||||| ||**For the period**
**from**|1 ST APRIL 2022|**To**|31ST MARCH 2023|||| ||||||||| ||||||||| |**Section A Receipts and payments**|||||||| |**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest £**
**11,437**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**11,437**
**-**
**-**
**-**
**11,437**
**5,049**
**6,200**
**140**
**256**
**37**
**-**
**-**
**-**
**11,682**
**-**
**-**
**-**
**11,682**
**- 245**
**-**
**-**
**- 245**|**Restricted**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Endowment**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**||**Total funds**
**to the nearest £**
**11,437**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**11,437**
**-**
**-**
**-**
**11,437**
**5,049**
**6,200**
**140**
**256**
**37**
**-**
**-**
**-**
**11,682**
**-**
**-**
**-**
**11,682**
**- 245**||**Last year**
**to the nearest £**| |DONATION|**11,437**||||||**8,747**| |HMRC GRANT|**-**||||||**3,870**| ||**-**||||||**-**| ||**-**||||||**-**| ||**-**||||||**-**| ||**-**||||||**-**| ||**-**||||||**-**| ||**-**||||||**-**| |**_Sub total_**_(Gross income for_
_AR)_|**11,437**||||||**12,617**| ||||||||| |**A2 Asset and investment sales,**
**(see table).**|||||||| |**Musical equipments**|**-**||||||**250**| |other equipments|**-**||||||**120**| |**_Sub total_**|**-**||||||**370**| |**_Total receipts_**
**A3 Payments**|||||||| ||||||||**12,987**| ||||||||| |Rent|**5,049**||||||**2,918**| |Staff wages|**6,200**||||||**7,725**| |professional expenses|||||||**40**| |Mission expenses|**140**||||||**344**| |Admin charges|**256**||||||**289**| |NI Contribution|**37**||||||**137**| ||**-**||||||**-**| ||**-**||||||**-**| ||**-**||||||**-**| |**_Sub total_ **|**11,682**||||||**11,453**| ||||||||| |**A4 Asset and investment**
**purchases, (see table)**|||||||| ||**-**||||||| ||**-**||||||| |**_Sub total_ **|**-**||||||**-**| |**_Total payments_**
**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_**|||||||| ||||||||**11,453**| ||||||||| ||**- 245**|**-**|**-**||**- 245**||**1,534**| ||**-**|**-**|**-**||**-**||**-**| ||**-**|**-**|**-**||**-**||**-**| ||**- 245**|**-**|**-**||**- 245**||**1,534**| CCXX R1 accounts (SS) 1/30/2024 1 |**Section B Statement of assets and liabilities at**|**Section B Statement of assets and liabilities at**|**the end of the period**|| |---|---|---|---| |**Categories**
Signed by one or two trustees on
behalf of all the trustees
**B5 Liabilities**
**B3 Investment assets**
**B2 Other monetary assets**
**B4 Assets retained for the**
**charity’s own use**
**B1 Cash funds**|**Details**
**Details**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
**Details**
**Details**
**Details**
Signature
Manasseh|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**245**
**-**
**-**
**-**
**-**
**-**
**245**
**-**
Agreement Error
OK
**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**
**-**
**-**
**-**
**-**
**-**
Print Name
Manasseh Abraham|**Endowment**
**funds**
**to nearest £**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||OK| ||||**Endowment**
**funds**
**to nearest £**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**When due**
**(optional)**| ||||| ||||| ||||| ||||| ||||| ||||| ||||Date of
approval| ||Manasseh|Manasseh Abraham|1/30/2024| ||||| CCXX R2 accounts (SS) 1/30/2024 2