Maximum Miracle Centre
Annual Report
Accounts
2021
## **Maximum Miracle Centre**
## **Contents**
||**Page**|
|---|---|
|**Charity Information**|**1**|
|**Trustees' report**|**2-4**|
|**Examiner report**|**5**|
|**Statement of Financial Activities**|**6**|
|**Balance Sheet**|**7**|
|**Notes to the accounts**|**8 - 11**|
## **Maximum Miracle Centre**
## **Charity Information**
## **EXECUTIVE COMMITTEE**
Chair & Trustee- Bishop Pius Muiru Trustee- Rev Lucy Muiru
## **Committee Members**
## **CHARITY NUMBER**
## **REGISTERED OFFICE**
Rev Joseph Ochieng Odima Anthony Mtaki Perpetual Wanyoike 1178485 Haskard Road Dagenham Essex RM9 5XR
## **INDEPENDENT EXAMINER**
City Accountancy Services Ltd Unit 7 Fairfax House Overton Road London SW9 7JR
## **BANKERS**
HSBC
Page 1
## **Maximum Miracle Centre**
## **Trustee's Report**
**for the year ended 31 January 2021**
## **Introduction**
The Directors of the charity for the purpose of the Companies Act, submit their annual report and the financial statements for the period ended 31 January 2021. The directors confirm that the annual report and financial statements of the charity comply with the current statutory requirements of the charity's governing document and the provisions of the Statement of Recommended Practices (SORP) "Accounting and Reporting by Charities" issued in October 2000, as well as the provisions of the Companies Act 1985.
## **Constitution**
The Charity was registered in 2018 as a charitable Organisation.
## **Objects and the policies of the Charity**
The objects for which the company was established are:-
1 To promote any charitable purpose for the benefit all especially the under-represented communities
2 To promote any other charitable purpose that will develop the capacity and skills of the Chrch members.
**3** To advocate and influence public understanding of Christianity and promote equality of opportunity and the elimination of unfair discrimination.
## **Company /Charity Organisation**
Maximum Miracle Centre provides significant opportunities for worship and prayers.
The Board of Directors and management Committee governs the Charity through regular meetings.
## **REVIEW OF DEVELOPMENTS, ACTIVITIES AND ACHIEVEMENTS**
## _**Review of developments**_
The year was quiet due to Covid-19.
page2
## **Maximum Miracle Centre**
## _**Activities & Achievements**_
Maximum Miracle Centre runs worshi and prayes in a hall in East London.
The church is still in its initial growth stage and the members are few.
## FUTURE ACTIVITIES
To implement the already developed fundraising strategy and work towards resource mobilisation to stabilise the financial position of the organisation.
To develop further partnerships with other churches and other community organisations in order to promote our work and services and an overall net work of community cohesion through Christianit .
To undertake an independent organisational review of Maximum Miracle Centre activities and work closely with local communities to identify activities that meet their religious needs.
To work towards identifying gaps in service provisions and support the mechanisms which make local services more appropriate to refugee, underprivilaged and migrant communities.
To improve the capacity of the Board Member and volunteers to support the development of under-represented communities.
## **Funding**
The Board of Directors and Management Committee extend our sincere thanks and appreciation to all donations and in kind support from different organisations and the church members.
In addition, the Charity fundraising activities are operated at the minimal as possible cost.
page 3
## **Maximum Miracle Centre**
## **Risk Review**
The Board of Directors and the Management Committee recognises its ultimate responsibility for risk management. There are clear reporting procedures set to achieve this through monthly meetings and reports. All substantial risks are assessed and action is prioritized in order.
The Trustees and Management Committee confirm that during the year, it has considered the major risks that could reasonably be identified and took pre-emptive action to mitigate those risks.
We continuously carried out reviews and development of the management system.
## **DIRECTOR'S RESPONSIBILITIES**
The Charity and Company law requires the Directors to prepare financial statements for each financial year which give a true and fair view of state of affairs of the charity at the end of the year and of the incoming and outgoing resources for the year then ended.
In preparing those financial statements, the directors are required to: a) Select suitable accounting policies and apply them consistently. b) Make judgments and estimates that are reasonable and prudent. c) State whether applicable accounting standards and statements of the recommended practice have been followed subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on a going concern basis unless it is inappropriate to assume that the charity will continue in the business.
The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with Companies Act 1985. The directors are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Reporting Accountant**
The Directors appointed City Accountancy Services as their Accountant for the Year ended 31st January 2021
## **Approval**
**This report was approved by the Board of Trustees on …19/02/2022… and signed on behalf of the Company/Charity by**
## **Chair**
**Bishop Pius Muiru**
**Tustee**
page 4
## **Maximum Miracle Centre**
## **Independent examiners' report**
We report on the accounts of the charity for the year ended 31 January 2021, which comprise the Statement of Financial Activities, Balance Sheet, and the related notes.
## **Respective Responsibilities of Trustees and Examiners**
The Charity's trustees are responsible for the preparation of the financial statements. The Charity's trustees consider that an audit is not required under section 43 (2) of the Charities Act 1993 (the Act) and that an independent examination is needed.
It is our responsibility to examine the financial statements (under section 43 (3) of the Act); follow the procedures
laid down in the General Directions given by the Charity Commission under Section 43(7)(b) of the Act); and state whether particular matters have come to our attention.
## **Basis of Independent Examiner's Report** .
Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. That examination includes a review of the accounting records kept by the Charity and a comparison of the financial statements with those records. It also includes consideration of any unusual items or disclosures in the financial statements 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 we do not express an audit opinion on the view given by the financial statements.
## **Independent Examiner's Statement**
In connection with our examination, no matter has come to our attention which gives us cause to believe that in any material respect the requirements:
1. to keep accounting records in accordance with section 41 of the Act, and
2. to prepare financial statements which accord with the accounting records, and
3. to comply with the accounting requirements of the Act
have not been met. No other matter has come to our attention in connection with our examination to which, in our opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
## **City Accountancy Services Ltd**
Unit 7 Fairfax House Overton Road London SW9 7JR
Date: . . . . 19/02/2022. . .
Page 5
## **Maximum Miracle Centre**
## **Statement of Financial Activities For the year ended 31 January 2021**
|**Note **
**Incoming Resources**
Grants
**2**
Donations
**2**
Bank Interest
**Total incoming Resources**
**Resources Expended**
Direct Charitable Expenditure
**3**
Management & Administration
**4**
**Sub - Total Resources Expended**
**Net Incomings resources for the year**
Total funds as at 01/02/2020
**Total funds as at 31/01/2021**|**Unrestricted**
**£**
-
1,090
-
**1,090**
589
796
**1,385**
**(295)**
3,678
**3,383**|**Restricted**
**£**
-
-
-
**-**
-
-
**-**
**0**
0
**0**|**2021**
**£**
-
1,090
-
**1,090**
589
796
**1,385**
**(295)**
3,678
**3,383**|**2020**|
|---|---|---|---|---|
|||||**£**
200
2,280
-|
|||||**2,480**|
|||||2,189
613|
|||||**2,802**|
|||||3,678|
|||||**3,678**|
All of the above results are derived from continuing activities.
The income and expenditure account of the charity is represented by the unrestricted and restricted columns only.
Page 6
## **Maximum Miracle Centre**
## **Balance Sheet**
As at 31 January 2021
|**Note**
**Fixed assets**
Tangible assets
**Total Fixed Assets**
**Current Assets**
Prepayments
Cash in Bank and in hand
**Total Current Assets**
**Current Liabilities**
Creditors & Accruals
**Total Current Liabilities**
**Net Assets**
**Accumulated Funds**
Restricted Funds
Unrestricted Funds
**Total Funds**|**£**
**£**
177
**177**
0
3,355
**3,355**
150
150
3,206
0
**3,383**
0
3,383
**3,383**
**2021**|**2020**|**2020**|
|---|---|---|---|
|||**£**
**£**
266
**266**
250
3,311
**3,561**
150
150
3,411
**3,677**
3,678
**3,678**|**£**
266|
||||**3,677**|
||||3,678|
||||**3,678**|
Approved by the Board of Directors on ……19/02/2022.. .and signed on behalf of the company **…………………………………** …………………………………. CHAIR TRUSTEE **Bishop Pius Muiru**
the notes form part of these financial statements
Page 7
## **Maximum Miracle Centre**
## **Notes to the accounts**
## **1. Accounting policies**
## **1.1 Accounting convention**
The financial statements are prepared under the historical cost convention. The accounts
have been prepared in accordance with the Statement of Recommended Practice (SORP), "Accounting and Reporting by Charities" and applicable standards.
## **1.2 Fund accounting**
General funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charitable company.
Restricted funds comprise those funds which are subject to specific conditions imposed by donors or by the purpose of the appeal.
## **1.3 Resources expended**
Charitable expenditure comprises expenditure related to the direct furtherance of the charitable company's charitable objectives. They include management and administration costs incurred in connection with the management of the charitable company's assets, organizational administration and compliance with constitutional and statutory requirements. Where costs cannot be directly attributed they have been allocated to activities on a basis consistent with the use of the resources.
Fund activity costs are those incurred in seeking voluntary contributions for the charitable company and in publicising the charitable company.
## **1.4 Tangible fixed assets and depreciation**
Depreciation is provided at rates calculated to write off the cost or valuation less residual value of each asset over expected useful life, as follows:
Computers 25% on Straight Line Method Office furniture 25% on Straight Line Method Equipment 25% on Straight Line Method Motor Vehicles 25% on Straight Line Method
## **1.5 Incoming Resources**
Donations and Gifts are accounted for as received by the charity. Income from grants is accounted for on received basis. Gifts in kind are valued at the cost to the funder.
## **1.6 Charity Status**
The organisation is a registered Charity . The members of the charity are the directors named under the Trustees details.
## **1.7 Tax Status**
The registered charity and is not subject to corporation tax on it's activities.
**Page 8**
## **Maximum Miracle Centre**
## **Notes to the accounts**
## **2. Grants and Donations Incoming Resources**
|**2.**
**Grants and Donations**
**Incoming Resources**
**Notes to the accounts**|**e accounts**||||
|---|---|---|---|---|
|**Grants**
**Unrestricted**
**£**
LRC
-
Total Grants
**-**
**Donations**
Others
1090.00
Total Donations
1090.00
**Total Incoming Resources**
**1,090**
**Resources Expended**
**3.**
**Direct Charitable Expenditure**
Volunteer Expenses(Travel & Food)
320
Publicity
-
Hall Hire
-
Events & Materials
180
Rent & Rates
-
Travel & Accommodation (Staff & Beneficiarie
-
Staff & Beneficiary Training
Depreciation
89
**Total**
**589**|**Unrestricted**
**£**|**Restricted**
**£**|**Total**
**2021**
**£**|**Total**
**2020**
**£**|
||-|-|**-**|200|
||**-**
1090.00|0|**0**
**1,090**|**200**
2,280|
||1090.00|**-**|**1,090**|**2,280**|
||**1,090**|**-**|**1,090**|**2,480**|
|||-
-
-
-
-
-
-
-|320
-
-
180
-
-
-
89|320
-
1,600
180
-
-
-
89|
||**589**|**-**|**589**|**2,189**|
**Page 9**
## **Maximum Miracle Centre**
## **Notes to the accounts**
|**Unrestricted**
**£**
**Restricted**
**£**
**4.**
**Management & Administration**
Telephone & Internet
770
Stationery & Printing
26
Postage
-
Insurance
Meals & Refreshments
-
-
Accountancy
-
**Total**
**796**
**-**
**Sub - Total Resources Expended**
**1,385**
**-**
**5.**
**Tangible assets schedule**
**Motor Vehicle Furniture**
**Cost**
**£**
**£**
O/B as at 01 February 2020
-
-
Additions during the year
-
-
Disposals
-
-
C/B as at 31 January 2021
-
-
**Depreciation**
O/B as at 01 February 2020
-
Charge for the year
-
-
Disposals
-
-
C/B as at 31 January 2021
-
-
**Net Book Value**
At 31 January 2021
**0.00**
**0.00**
At 31 January 2020
**0.00**
**0.00**|**Unrestricted**
**£**|**Restricted**
**£**|**Total**
**2021**
**£**|**Total**
**2020**
**£**|
|---|---|---|---|---|
||770
26
-
-
-
**796**|-
**-**|770
26
-
-
-
-
**796**|240
348
25
**613**|
||||||
||**1,385**|**-**|**1,385**|**2,802**|
||||**Equipment**
**£**|**Totals**
**£**|
||-
-
-|-
-
-|355
-|355
-
-|
||-|-|355|355|
||-
-|-
-
-|89
89
-|89
89
-|
||-|-|178|178|
||**0.00**|**0.00**|**177.25**|**177.25**|
||**0.00**|**0.00**|**266.00**|**266.00**|
**Page 10**
## **Maximum Miracle Centre**
## **Notes to the accounts**
|**6.**
**Prepayments**
Rent
**7.**
**Cash in hand and at bank**
Bank
Cash in hand
**Total Cash**
**8**
**Accruals**
Accountancy fees
Restricted funds for future use
**9**
**Statement of Accumulated Funds**
Restricted funds
Unrestricted funds|**Balance**
**01-Feb-20**
**£**|**Income**
**£**|**0**|**Balance**
**31-Jan-21**
**£**|
|---|---|---|---|---|
||||**0**||
||||**Amount**
**£**||
||||3,355||
||||**3,355**||
||||150||
||||**150**||
||||**Expenditure**
**£**||
||3,678|-
1,090|-
1,385|-
3,383|
||**3,678**|**1,090**|**1,385**|**3,383**|
**Page 11**