MIRACLE GROUNDS AND PRAYER MINISTRY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024
CONTENTS CHARITY INFORMATION ..... TRUSTEES REPORT............ .24 ACCOUNTANTS REPORT.. INCOME & EXPENDITURE ACCOUNT......... BALANCE SHEET..... NOTES TO ACOUNTS ... . 8-10
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 sfREET LUTON LUI 2RD CHARITY REGISTERED NUMBER 1177524 BANKERS Barclays Bank Plt ACCOUNTANTS EA Wlnful & Associates
STRUCTURE, GOVERNANCE AND MANAGEMENT Rlsk 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 risk5 to which the church is exposed and that Systems have been designed and established to mitigate those risks. OBJEcfivES AND AcTIVlEs Objectives and alms 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 considered the Church's general guidance on public benefit. Activltles durlng 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 a55iStance to members in diverse social and spiritual needs. Members were assisted wlth counselling, welfare, and accommodation asslstance, among others. The church provided strong 5UPPOrt to members and thelr families in times of jov 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. Evangellsm The church continued its evangelistic mlssion 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 offered financial assistance to international faith organisations. FINANCIAL REVIEW
Reserves policy The Trustees acknowledge that it wlll 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 settin8 up a £6,000 reserve funds account with the bank. Operational Income and expendlture For the year under review, the church made a financial Surplus of £2,331 against (£7,450 surplus in 20231 Total offering5, donations and other income received was £65,3641£63,015 in 20231 this was up from last year following the ease of restrictions on worship after the pandemic lockdown. Online worship and donations contributed to the rise. Total operating cost was £63,0331£55,565 in 20231 this was up from last year, Trustees are of the oplnion 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 servlces 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 311 its volunteers.
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 Unlted Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial vear which give a true and fair view of the state of affairs of the charitable companv 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 select suitable accounting policies and then apply them consistently,. observe the methods and principle5 in the non for prof it 50RP,' make judgements and estimates that are reasonable and prudent. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the church will continue in business. The trustees are responsible for keeping proper accounting record5 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: MINIS fwT4M.*NrwI Signature
INDEPENDENT EXAMINER'S REPORT I report on the accounts of the Charity for the year ended 31 December 2024, prepared based on the accounting policies shown in the corresponding pages RESPECTIVE RESPONSIBILITIES OF MANAGEMENT AND EXAMINER: As the church trustees you are responsible for the preparatlon of the accounts; you consider that the audit requirement of section 43121 of the Charities Act 1993 Ithe Actl does not apply. It is my responsibility to state, based on procedures specified the General Directions given by the Charity Commissioners under Section 43{7llbl of the Act, whether matters have come to my attention. BASIS OF INDEPENDENT EXAMINER'S REPORT: My examlnation 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 l. 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. E A Winful, FCCA EA WINFUL & ASSOCIATES CHARTERED CERTIFIED ACCOUNTANTS 18 HERO WALK ROCHESTER KENT MEI 2UZ
MIRACLE GROUNDS ANO PRAYER MINISTRY. STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31 December 2024 INCOME AND EXPENDITURE Notes Unrestricted Restricted 2024 2023 Incoming ResourGes Tithes & Offerings 52.417 52,417 50,124 Investment Income 674 674 655 Other Operating Income 12,273 12,273 12,236 Total Income Resourees 65,364 63,015 Resources Expanded Cost of Activities 163,033} 155,565) Total Resources Expanded 163,0331 {55.5651 Net Incoming I Ioutgoing) Resources 2,331 7,450 Funds brought forward 01101123 9,852 2,402 Designated funds ulilised Funds carried forward 31112124 12,183 9,852 See notes on Ihe following pages lor detailed analysis of incomo and expenditure CONTINUING OPERATION None ol the charity's activilles were 8CqtJired or discontinued during the lrent 8nd pvIouS years. and Ihe deficit foi the previous year. TOTAL RECOGNISED GAINS AND DEFICITS The charhy has no fecognised gains or doficits olh&i Ihan the surplus forthe current yèar The notes form part of these accounts. Page 6
MIRACLE GROUNDS ANO PRAYER MINISTRY. ST BALANCE SHEET AS AT 31 DECEMBER 2024 FIXED ASSETS Note 2024 2023 Tangible Assets 9,058 6902 CURRENT ASSETS Debtors I Prgpaymenls Bank I Cash 3,125 2,950 CREDITORS.. Amounts lallin9 due within one year 10 Net Currenl Assets I ILiabilth'es1 3,125 2,950 CREDITORS.. Amounts falling due for morè than one year Tot81 Assets less Liabilltles FUNDS Unreslri¢ted Funds MrNi& nv14M-kl(fwf Signature Page 7
MIRACLE GROUNDS AND PRAYER MINISTRY. NOTES TO THE FINANCIAL STATEMENTS OF 2024 1 ACCOUNTING POLICIES l Accounting Convention 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 ftow statement on the grounds thet the chafity is a small undertaking. Incoming Resources Incoming Resources represents collections, pledges & Tithes donations in¢ome due in the year. Page 8
MIRACLE GROUNDS AND PRAYER MINISTRY. Nole8 to the Accounts for the year ended 31st December 2024 Notes 2024 2024 2024 2023 2 TITHES & OFFERINGS 15 Unrestricted Reslricled Tithes Collections Thanksgiving 27,467 24,950 27,467 24,950 25,265 24,859 Total income received 3 Investment Income 674 655 4 Othef Income Gift Aid Refunds Unrestricted Restricted 12,273 12,273 12236 2024 2023 5a COST OF ACTIVITIES Honorarium Evangelism & mission Admin & Stalionaries Telephone Rent & Rates Gas & Electric Maintenance Bank charges Total Cost of Acbvities 15 114,7551 16,2651 13,6281 118,4001 17,9391 18,598) 198 112,7551 16,265} (2,8501 114,4001 16,4391 19,3481 258 52,315 5b Govemance 13,2501 13.250) Page 9
MIRACLE GROUNDS AND PRAYER MINISTRY. 2024 2023 7 BANKI CASH Cash & Bank TOTAL 8 DEBTORS Sundries 9 FIXED ASSETS Fixtures & Fth'ngs Musical Instruments 9058 6,902 10 CREDITORS.. Amount falling due within one year Sundary Creditors 11 UNRESTRICTED FUNDS brought forward Surplus for the year Designated funds Carried fOard 9,852 2,331 2,402 7,450 12,183 9.852 Page 10