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2020-12-31-accounts

ORGANISATION INFORMATION

NAME OF ORGANISATION: MIRACLE GROUNDS AND PRAYER MINISTRY

TRUSTEES:

DAVID AKAKPO

DOMINIC TWUM-ANTWI

ERNEST BOADI SMITH

NSUKA ESPERANCE MAYALA

REGISTERED OFFICE:

SUIT2 CONNAUGHT HOUSE 15-17 UPPER GEORGE STREET LUTON LU1 2RD

CHARITY REGISTERED NUMBER 1177524

BANKERS Barclays Bank Plc

ACCOUNTANTS EA Winful & Associates

1

STRUCTURE, GOVERNANCE AND MANAGEMENT

Risk management

The trustees have a duty to identify and review the risks to which the church is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The trustees confirm that considerations have been given to the major risks to which the church is exposed and that systems have been designed and established to mitigate those risks.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objectives of the church are:

i. The propagation of the gospel of Jesus Christ

ii. The relief of poverty

iii. Education

The Trustees have given careful consideration to the Church’s general guidance on public benefit.

Activities during the year

The Church continued its programme of reaching more people for God. The normal activities of Sunday and weekday services continued. Church fellowship on Sundays continued to be a success.

The Church continued to be of immense assistance to members in diverse social and spiritual needs. Members were assisted with counselling, welfare, and accommodation assistance, among others.

The church provided strong support to members and their families in times of joy and bereavement.

The Church supported members at the sad times of funerals. Members were prayed for at such times and encouraged with the word of God. Sicknesses and ailments are part of life. On occasions when members or their families are hospitalised, prayers of deliverance were freely offered.

Evangelism

The church continued its evangelistic mission through out the year ensuring that its message reaches a wider audience in the UK. The word of God was brought to the homes of many people through the distribution of audio messages of prayers and sermons. The church prepared and distributed freely daily bible reading and prayer guide and also offered financial assistance to international faith organisations.

2

FINANCIAL REVIEW

Reserves policy

The Trustees acknowledge that it will require about £5,000 for three month's operations without any income. The general reserve is more than the safety level, and this level is to be maintained. The Trustees by strategic planning are to maintain the level of secured funds in the next 5 years by setting up a £6,000 reserve funds account with the bank.

Operational income and expenditure

For the year under review, the church made a financial surplus of £1238 against (£698 surplus in 2019)

Total offerings, donations and other income received was £20,694 (£16,498 in 2019) this was up from last year even in the mist of restricted worship from the pandemic. Online worship and donations contributed to the rise.

Total operating cost was £19,456 (£15,800 in 2019) this was up from last year.

Trustees are of the opinion that for the foreseeable future, increased evangelism to a bigger audience from internet, phone apps, and tweeter, what’s up and the Facebook is a long-term strategy to expand the Ministry.

Trustees are most grateful to the members and the public who continued to give to the work of God carried on at the church.

Volunteer services

The Trustees would like to mention the work of several dedicated volunteers whose contribution immensely contributed to the work at the church. The church benefited from these services provided free of charge.

The trustees once again extend a big thank you to all its volunteers.

3

STATEMENT OF MANAGEMENT RESPONSIBILITIES

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the church and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ON BEHALF OF THE TRUSTEES :

DOMINIC TWUM-ANTWI

Signature

4

INDEPENDENT EXAMINER’S REPORT

I report on the accounts of the Charity for the year ended 31 December 2020, prepared on the basis of the accounting policies shown in the corresponding pages

RESPECTIVE RESPONSIBILITIES OF MANAGEMENT AND EXAMINER:

As the church trustees you are responsible for the preparation of the accounts; you consider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act) does not apply. It is my responsibility to state, on the basis of procedures specified the General Directions given by the Charity Commissioners under section 43(7)(b) of the Act, 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 express an audit opinion on the view given by the accounts.

INDEPENDENT EXAMINER’S STATEMENT:

In connection with my examination, no matter has come to my attention, which gives me reasonable cause to believe, that any material respects the requirements

  1. to keep accounting records in accordance with section 41 of the Act and

  2. to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act has not been met.

EA Winful

E A Winful, FCCA

EA WINFUL & ASSOCIATES CHARTERED CERTIFIED ACCOUNTANTS 18 HERO WALK ROCHESTER KENT ME1 2UZ

5

MIRACLE GROUNDS AND PRAYER MINISTRY

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31ST DECEMBER 2020

MIRACLE GROUNDS AND PRAYER MINISTRY.

STATEMENT OF FINANCIAL ACTIVITIES

For the year ended 31[st] December 2020

INCOME AND EXPENDITURE

Notes Unrestricted Restricted 2020 2019
Incoming Resources
Tithes & Offerings 2 20,508 - 20,508 16,454
Investment Income 3 186 186 44
Other Operating Income 4 - - - -
Total Income Resources 20,694 16,498
Resources Expanded
Cost of Activities 5 (19,456) (15,800)
Total Resources Expanded (19,456) (15,800)
Net Incoming / (Outgoing) Resources 1,238 698
Funds brought forward 01/01/20 - -
Designated funds utilised - -
Funds carried forward 31/12/20 1,238 698

See notes on the following pages for detailed analysis of income and expenditure

CONTINUING OPERATION

None of the charity’s activities were acquired or discontinued during the current and previous years. and the deficit for the previous year.

TOTAL RECOGNISED GAINS AND DEFICITS

The charity has no recognised gains or deficits other than the surplus for the current year

The notes form part of these accounts.

Page 4

MIRACLE GROUNDS AND PRAYER MINISTRY.

BALANCE SHEET AS AT 31[ST] DECEMBER 2020

FIXED ASSETS
Note
Tangible Assets
9
CURRENT ASSETS
Debtors / Prepayments
8
Bank / Cash
7
CREDITORS:
Amounts falling due within one year
10
Net Current Assets / (Liabilities)
CREDITORS:
Amounts falling due for more than one year
Total Assets less Liabilities
FUNDS
Unrestricted Funds
11		 2020
2019
£
-
-
-
-
1,238
698
1,238
698
-
-
1,238
698
-
-
1,238
698
1,238
698

DOMINIC TWUM-ANTWI

Signature

Page 5

MIRACLE GROUNDS AND PRAYER MINISTRY.

NOTES TO THE FINANCIAL STATEMENTS OF 2020

The accounts have been prepared under the historical cost convention, and in accordance with SORP 2 Accounting for Charities.

Exemption has been taken from preparing a cash flow statement on the grounds thet the charity is a small undertaking.

Incoming Resources Incoming Resources represents collections, pledges & Tithes donations income due in the year.

Page 6

MIRACLE GROUNDS AND PRAYER MINISTRY.

Notes to the Accounts for the year ended 31st December 2020

Notes
2020
2020
2
TITHES & OFFERINGS
15
Unrestricted
Restricted
Tithes
9,539
-
Collections
10,969
-
Thanksgiving
-
Total income received
3
Investment Income
4
Other Income
Unrestricted Restricted
Gift Aid Refunds
-
5a COST OF ACTIVITIES
15
Honorarium
Admin & Stationaries
Telephone
Rent & Rates
Gas & Electric
Maintenance
Bank charges
Total Cost of Activities
5b Governance		 2020
2019
9,539
4,548
10,969
11,906
20,508
16,454
186
-
2020
2019
(3,383)
-
(653)
(455)
(852)
(568)
(10,691)
(10,691)
(1,644)
(1,194)
(1,865)
(2,540)
(118)
(102)
(19,206)
(15,550)
(250)
(250)

Page 7

MIRACLE GROUNDS AND PRAYER MINISTRY.

7
BANK / CASH
Cash & Bank
TOTAL
8
DEBTORS
Sundries
10 CREDITORS:
Amount falling due within one year
Sundary Creditors
11 UNRESTRICTED FUNDS
brought forward
Surplus for the year
Designated funds
Carried forward		 2020
2019
1,238
698
1,238
698
-
-
-
-
-
-
1,238
698
-
-
1,238
698

Page 8