Mountain of Solution and Redemption Prayer Ministries Worldwide
TRUSTEES' ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024
Mountain of Solution and Redemption Prayer Ministries Worldwide
Trustees' Annual Report for the year ended 31 December 2024
| Contents | Page |
|---|---|
| Adminstrative Information | 1 |
| Report of the Trustees | 2 - 3 |
| Independent examiner's Report | 4 |
| Receipt and Payment Account | 5 - 6 |
| Notes forming part of the Accounts | 7 |
Mountain of Solution and Redemption Prayer Ministries Worldwide
Trustees' Annual Report for the year ended 31 December 2024
Reference & Administration Information
| Charity Name: | Mountain of Solution and Redemption Prayer Ministries Worldwide |
|---|---|
| Charity Registration Number : | 1167519 |
| Registered Office and | |
| Operational Address: | 31B Chipstead Valley Road |
| Coulsdon | |
| CR5 2RB | |
| Trustees: | Ovorayen A. Marayen |
| Doris Dickson | |
| Gregory Onoriode | |
| Esther Ohitolagonta Omo-Ote | |
| Independent Examiner | TPC Consult (UK) Ltd |
| Unit A | |
| 82 James Carter Road | |
| Mildenhall | |
| IP28 7DE | |
| Bankers: | Metro Bank |
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Mountain of Solution and Redemption Prayer Ministries Worldwide
Trustees' Annual Report for the year ended 31 December 2024
The Trustees, are pleased to present the annual report together with accounts for the year ended 31 December 2024.
Structure, Governance & Management
The Charity was registered with the Charity Commission on the 7th of June 2016 as a Chairtable incorporated Organisation- CIO. It adopted the CIO Association model Constitution. New trustees are appointed based on the procedures laid down in its constitution.
Members of the Board of Trustees
Members of the Board of Trustees, and trustees for the purpose of charity law, who served during the year and up to the date of this report are set out on page 1.
Objectives & Activities
The charity is established with a primary objective:
a. To advance the Christian Faith in accordance with its Statment of belief in UK and the world.
b. To further such charitable purposes for the public benefit
Public Benefit
The trustees declare that they have complied with their duty to have due regard to the guidance on public benefit published by the commission in exercising their powers or duties.
These objectives are charitable and we operate mainly for the public good and benefits. The charity achieves its objectives by organising several church meetings within the year, and this is open to the public and its members to learn of the Christian faith. Also to be empowered to impact their local communities positively.
Achievements & Performance
The charity was able to work strategically and in partnership to organise events, conferences and meetings to promote its main object Major events during the year are:
-
The Weekly Sunday and Mid-week services were held continously throughout the year, mostly Online. Attendance inluding those attending for the first time continues to be satisfactory.
-
The various extra prayer meetings and evangelisn outreaches were also held during the year. The participants have been expressing the positive imp of these special programmes.
The Charity is family and community focused, as a result, most of our programmes are tailored towards the holistic development and support of the family unit. Programmes were held for the benefit of the community.
Financial Review
The Trustees have adopted the Receipt and payments method in preparing the accounts. The principal funding sources for the charity is currently from individuals by way of Donations through Sunday and other church service activities.
The total receipt for the period under review was £9296 and the total payments made was £8072 with a net receipts / (Payments) of £1224
During the year the charity received donations from its members and the public as follows:
| Donation type | Amount Received |
|---|---|
| Tithe | 5844 |
| Offerings | 610 |
| Other | 2,842 |
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Mountain of Solution and Redemption Prayer Ministries Worldwide
Trustees' Annual Report for the year ended 31 December 2024
Reserve and Investment Policy
It is the objective of the charity to ensure unrectricted funds are kept at a level which provides sufficient funds to cover management, administration and support costs on an on-going basis.
Risk Management
The Trustees have conducted a review of the major risks which the charity is exposed, in particular those to operations and finances of the charity. The Trustees review the risk regularly at their meetings and are satisfied that systems are in place to mitigate the Charity's exposure to major risks.
Appropriate Disclosure and Barring Service (DBS) checks, supported by relevant training and regularly reviewed policies are made for all those who work with children or other vulnerable groups within the Charity. Where appropriate, systems have been estab;lished to mitigate the risk the charity faces. Significant external risks to funding have led to the development of a strategic plan which will allow for the diversification of funding activities. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions.
Statutory Notes to the Accounts
Particulars of Any Outstanding Guarantee Given by the CIO
There is no potential liability under a guarantee given by the CIO which is outstanding at the date of the statement of assets and liabilities
Particulars of Any Outstanding Debt
There is no money which is owed by the CIO at the date of the statement of assets and liabilities and which is secured by an express charge on any of the assets of the CIO
Declaration
In accordance with charity law, as trustees, we certify that:
So far as we are aware, there is no relevant information of which the charity's accountants are unaware; and as the trustees of the charity we have taken all steps that we ought to have taken in order to make ourselves aware of any relevant information and to establish that the Charity's accountants are aware of that information.
Approval
This report was approved by the board of Trustees and signed on their behalf by:
Ovorayen A. Marayen
Trustee Date: 31th March 2025
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Mountain of Solution and Redemption Prayer Ministries Worldwide
Independent Examiner's Report to the Trustees of Mountain of Solution and Redemption Prayer Ministries Worldwide
I report on the accounts of the above Charity for the year ended 31 December 2024 set out on pages 5 to 7
Respective responsibilities of trustees and independent examiner
The Trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act
-
to follow the procedures laid down in the general Direction given by the Charity commission (under section 145(5)(b) of the 2011 Act, and * to state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity 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 the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
1.Which gives me reasonable cause to believe that in any material respect the requirements:
• To keep accounting records in accordance with section 130 of the 2011 Act; and
• To prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or 2.To which in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
---------------------------------------------------- Date: 31st March 2025 Chioma John-Musa FFA FIPA TPC Consult (UK) Ltd Unit A 82 James Carter Road Mildenhall IP28 7DE
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Mountain of Solution and Redemption Prayer Ministries Worldwide
Accounts for the year ended 31st December 2024
Receipts and payments
| Receipts and payments | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Receipts | Unrestricted to the nearest |
Restricted funds to the nearest £ |
Endowment to the nearest £ |
Total funds to the nearest £ |
Last year to the nearest £ |
||||
| Tithe | 5,844 | - | - | 5,844 | 6,517 | ||||
| offering | 610 | - | - | 610 | 2,862 | ||||
| Others | 2,842 | - | - | 2,842 | - | ||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| Sub total(Gross income for AR) | 9,296 | - | - | 9,296 | 9,379 | ||||
| Asset and investment sales | |||||||||
| Loan Repayment | - | - | |||||||
| Loan Received from external | - | - | |||||||
| Sub total Total receipts Payments |
- | - | |||||||
| 9,379 | |||||||||
| Rent and Venue hires | 5,400 | - | - | 5,400 | 5,400 | ||||
| Pinting& Stationaty | - | - | - | - | - | ||||
| Equipments Music & Technical | - | - | - | - | - | ||||
Travel & Subsistence |
- | - | - | - | - | ||||
| Internet cost | 471 | - | - | 471 | - | ||||
| Professional Fees | 400 | - | - | 400 | 450 | ||||
| Admin Expenses | - | - | - | - | 823 | ||||
| Conference & Event | 220 | 220 | 100 | ||||||
| Minister Allowance | - | - | 5,185 | ||||||
| Telephone | 311 | - | - | 311 | 298 | ||||
| Welfare of Members | 810 | - | - | 810 | 955 | ||||
| Donation - Other Charities | 360 | - | - | 360 | 360 | ||||
| Refreshment | 100 | - | - | 100 | - | ||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | |||||||
| - | - | - | - | - | |||||
| **Sub total ** | 8,072 | - | - | 8,072 | 13,571 | ||||
| Asset and investment purchases | |||||||||
| - | - | ||||||||
| - | - | ||||||||
| **Sub total ** | - | - | |||||||
| Total payments Net of receipts/(payments) Transfers between funds Cash funds last year end Cash funds this year end |
|||||||||
| 13,571 | |||||||||
| 1,224 | - 4,192 | ||||||||
| - | - | ||||||||
| 2,257 | 6,449 | ||||||||
| 3,481 | 2,257 |
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Mountain of Solution and Redemption Prayer Ministries Worldwide
| Categories Signed by on behalf of all the trustees Cash funds Other monetary assets Investment assets Assets retained for the charity’s own use Liabilities |
Details | Details | Unrestricted funds to nearest £ |
Unrestricted funds to nearest £ |
Restricted funds to nearest £ |
Restricted funds to nearest £ |
Endowment funds to nearest £ |
|---|---|---|---|---|---|---|---|
| Closing Cash Balance | 3,481 | - | - | ||||
| - | - | - | |||||
| - | - | - | |||||
| Details Total cash funds (agree balances with receipts and payments account(s)) Details Details Musical Equipments Church Equipments Furnitures, Fixtures & Fittings Computer Accounting Fee Signature Details |
**3,481 ** | - | - | ||||
| OK Endowment funds to nearest £ |
|||||||
| - | |||||||
| - | |||||||
| - | |||||||
| - | |||||||
| - | |||||||
| - | |||||||
| Current value (optional) |
|||||||
| - | |||||||
| - | |||||||
| - | |||||||
| - | |||||||
| - | |||||||
| Current value (optional) |
|||||||
| - | |||||||
| - | |||||||
| - | |||||||
| - | |||||||
| - | |||||||
| - | |||||||
| - | |||||||
| - | |||||||
| - | |||||||
| When due (optional) | |||||||
| Date of approval | |||||||
| Ovorayen | A. Marayen | 31/03/2025 | |||||
| Tru | stee |
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Mountain of Solution and Redemption Prayer Ministries Worldwide
Notes to the financial statements for the year ended 31 December 2024
(a) Basis of Accounting
The accounts have been prepared using the receipt and payment method in accordance with Charities Act 2011.
(b) Fund Accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Restricted funds are subjected to restrictions on their use as imposed by the donor or through the terms of an appeal. Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.
Receipts are classified under Tithes, offerings because as a church these are the main types of donation given by individuals
(c) Staff
The Charity has no employee during the the accounting years under review. All its work has been managed by Volunteers during this financial year.
(d) 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.
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