Host Pastor Elder Lenford Williams 131 Lilleshall Road. Morden, Surrèy, SM4 6DU Pastor's P.A. Evangelist Sandra Williams Charity Commission 102 Petty France London SWIH 9AJ January 16, 2025 Re: Charit 1192324 We are a small charity, we currently have four141 Trustees who are voluntary, therefore there are no payments or expenses occur to date. I have already submitted the charity account, there are no Trustee Account Report, hopefully as the Charity develop in the future, we will be able to submit a TAR. Kind Regard Lenford Wi Chair a07487 $71017 • admin@iY)hma.org www.bohma.org f• Ib.me/Beaconministries
REGISTERED CHARITY NUMBER: 1192324
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2024
for
BEACON OF HOPE MINISTRIES - APOSTOLIC
Owadally & King Chartered Certified Accountants 73 Park Lane Croydon Surrey CR0 1JG
BEACON OF HOPE MINISTRIES - APOSTOLIC
Contents of the Financial Statements FOR THE YEAR ENDED 31 MARCH 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Statement of Financial Activities | 2 | ||
| Balance Sheet | 3 | ||
| Notes to the Financial Statements | 4 | to | 8 |
| Detailed Statement of Financial Activities | 9 |
BEACON OF HOPE MINISTRIES - APOSTOLIC
Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1192324
Principal address
Harris Academy Morden 131 Lilleshall Road Morden Surrey SM4 6DU
Trustees
L Williams W Henry F Fuller R Bramwell
12/01/2025 Approved by order of the board of trustees on ............................................. and signed on its behalf by:
Lenford Williams ~~.....................................~~ Lenford Williams (Jan 12, 2025 15:29 GMT) ................................. L Williams - Trustee
Page 1
BEACON OF HOPE MINISTRIES - APOSTOLIC
Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2024
| 2024 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 12,655 Investment income 2 81 Total 12,736 EXPENDITURE ON Other 10,694 NET INCOME 2,042 RECONCILIATION OF FUNDS Total funds brought forward 5,772 TOTAL FUNDS CARRIED FORWARD 7,814 |
2023 Total funds £ 13,056 - |
|---|---|
| 13,056 | |
| 10,120 | |
| 2,936 2,836 |
|
| 5,772 |
The notes form part of these financial statements
Page 2
BEACON OF HOPE MINISTRIES - APOSTOLIC
Balance Sheet 31 MARCH 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible assets | 5 | 630 | 969 |
| CURRENT ASSETS | |||
| Cash at bank | 7,584 | 5,202 | |
| CREDITORS | |||
| Amounts falling due within one year | 6 | (400) | (399) |
| NET CURRENT ASSETS | 7,184 | 4,803 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 7,814 | 5,772 | |
| NET ASSETS | 7,814 | 5,772 | |
| FUNDS | 7 | ||
| Unrestricted funds | 7,814 | 5,772 | |
| TOTAL FUNDS | 7,814 | 5,772 |
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 12/01/2025
Lenford Williams ~~....................................~~ Lenford Williams (Jan 12, 2025 15:29 GMT) ......... L Williams - Trustee
The notes form part of these financial statements
Page 3
BEACON OF HOPE MINISTRIES - APOSTOLIC
Notes to the Financial Statements FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost Computer equipment - 25% on cost
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
continued...
Page 4
BEACON OF HOPE MINISTRIES - APOSTOLIC
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2024
2. INVESTMENT INCOME
| INVESTMENT INCOME | |||
|---|---|---|---|
| 2024 | 2023 | ||
| £ | £ | ||
| Deposit account interest | 81 | - |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 13,056 |
| EXPENDITURE ON | |
| Other | 10,120 |
| NET INCOME | 2,936 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 2,836 |
| TOTAL FUNDS CARRIED FORWARD | 5,772 |
Page 5
continued...
BEACON OF HOPE MINISTRIES - APOSTOLIC
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2024
| 5. | TANGIBLE FIXED ASSETS | ||||
|---|---|---|---|---|---|
| Fixtures | |||||
| and | Computer | ||||
| fittings | equipment | Totals | |||
| £ | £ | £ | |||
| COST | |||||
| At 1 April 2023 and 31 March 2024 | 1,030 | 330 | 1,360 | ||
| DEPRECIATION | |||||
| At 1 April 2023 | 258 | 133 | 391 | ||
| Charge for year | 257 | 82 | 339 | ||
| At 31 March 2024 | 515 | 215 | 730 | ||
| NET BOOK VALUE | |||||
| At 31 March 2024 | 515 | 115 | 630 | ||
| At 31 March 2023 | 772 | 197 | 969 | ||
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE | YEAR | |||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Other creditors | 400 | 399 | |||
| 7. | MOVEMENT IN FUNDS | ||||
| Net | |||||
| movement | At | ||||
| At | 1.4.23 | in funds | 31.3.24 | ||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 5,772 | 2,042 | 7,814 | ||
| TOTAL FUNDS | 5,772 | 2,042 | 7,814 | ||
| Net movement in funds, included in the above are as follows: | |||||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 12,736 | (10,694) | 2,042 | ||
| TOTAL FUNDS | 12,736 | (10,694) | 2,042 |
Page 6
continued...
BEACON OF HOPE MINISTRIES - APOSTOLIC
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2024
7. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | ||
|---|---|---|
| movement | At | |
| At 1.4.22 | in funds | 31.3.23 |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 2,836 |
2,936 | 5,772 |
| TOTAL FUNDS 2,836 |
2,936 | 5,772 |
| Comparative net movement in funds, included in the above are as follows: | ||
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 13,056 |
(10,120) | 2,936 |
| TOTAL FUNDS 13,056 |
(10,120) | 2,936 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.22 | in funds | 31.3.24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 2,836 | 4,978 | 7,814 |
| TOTAL FUNDS | 2,836 | 4,978 | 7,814 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 25,792 | (20,814) | 4,978 |
| TOTAL FUNDS | 25,792 | (20,814) | 4,978 |
continued...
Page 7
BEACON OF HOPE MINISTRIES - APOSTOLIC
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2024
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
Page 8
BEACON OF HOPE MINISTRIES - APOSTOLIC
Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 12,655 | 13,056 |
| Investment income | ||
| Deposit account interest | 81 | - |
| Total incoming resources | 12,736 | 13,056 |
| EXPENDITURE | ||
| Other | ||
| Hire of plant and machinery | 180 | 3,465 |
| Travel | 313 | 811 |
| Professional Fees | - | 770 |
| Rent | 3,675 | - |
| Subscriptions | 853 | 181 |
| Fixtures and fittings | 258 | 258 |
| Computer equipment | 83 | 83 |
| 5,362 | 5,568 | |
| Support costs | ||
| Management | ||
| Insurance | 242 | 232 |
| Telephone | 96 | 184 |
| Postage and stationery | 1,110 | 1,139 |
| Advertising | 220 | 332 |
| Sundries | 1,864 | 857 |
| Computer | - | 553 |
| 3,532 | 3,297 | |
| Other 2 | ||
| Other Donations | 1,400 | 710 |
| Governance costs | ||
| Accountancy and legal fees | 400 | 545 |
| Total resources expended | 10,694 | 10,120 |
| Net income | 2,042 | 2,936 |
This page does not form part of the statutory financial statements
Page 9
Beacon of Hope Ministries - Accs YE
31.03.2024
Final Audit Report
2025-01-12
Created: 2025-01-10 By: Owadally & King (info@oandk.co.uk) Status: Signed Transaction ID: CBJCHBCAABAADlhtYjJ4NMKyN9aeH54bl-H_3Dkw4PxM
"Beacon of Hope Ministries - Accs YE 31.03.2024" History
Document created by Owadally & King (info@oandk.co.uk)
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