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2022-03-31-accounts

Trustees’ Annual Report

Year Ended 31 Mar 2022

1. Introduction

The Trustees of Miracle Word of Jesus Church present their annual report together with the financial statements for the year ended 31 Mar 2022 . The report outlines the church’s mission, activities, achievements, governance, and financial stewardship during the year.

2. Objectives and Activities

Mission Statement: Our mission is to spread the Gospel of Jesus Christ, teach the Word of God with truth and love, disciple believers, and serve the community through prayer, worship, outreach, and compassionate ministry—so that people grow in faith and live for God’s glory

Key Activities:

The trustees confirm that these activities further the church’s charitable objectives for the public benefit.

3. Achievements and Performance

During the year, the church achieved the following:

Worship & Discipleship

Community Impact

Special Projects

4. Financial Review

Income

Total income for the year was £67.713 , primarily from:

Expenditure

Total expenditure was £17,582 , covering:

Reserves Policy

The church aims to maintain reserves of £50,000 to ensure financial stability and cover unforeseen costs. At year-end, reserves stood at £52,055

5. Structure, Governance & Management

Governing Document: The church operates under constitution, denominational structure and Christianity Regulations .

Trustee Appointment: Trustees are appointed according to annual general meeting.

Meetings & Oversight: The trustees met 05 times during the year to oversee governance, finances, safeguarding, and ministry direction.

6. Safeguarding

The church maintains a robust safeguarding policy for children and vulnerable adults.

7. Risk Management

Key risks identified and managed during the year include:

Mitigation steps were taken through regular reviews, training, and policy updates.

8. Plans for the Coming Year

The church intends to:

9. Trustees

The trustees who served during the year were:

10. Statement of Trustees’ Responsibilities

The trustees are responsible for preparing the annual report and financial statements in accordance with applicable law and regulations. They confirm that the accounts give a true and fair view of the church’s financial position.

Signed on behalf of the Trustees: Name: Anthony Bensuman Role: Trustee

Date: 18 September 2022

Registered number: 08986611

MIRACLE WORD OF JESUS CHURCH FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

Croydon Accountancy Limited 30 Palace View Croydon Surrey CR0 8QL

Miracle Word of Jesus Church Financial Statements For The Year Ended 31 March 2022

Contents

Page
Company Information 1
Accountants' Report 2
Profit and Loss Account 3
Balance Sheet 4
The following pages do not form part of the statutory accounts:
Trading Profit and Loss Account 5

Miracle Word of Jesus Church Company Information For The Year Ended 31 March 2022

Directors Mr Anthony Bensuman
Mr William Augustine Anthony
Mrs Nirmaladevi Bensuman
Mrs Thayalini Neekilas
Company Number 08986611
Registered Office 205 Thornton Road
Thornton Heath
Surrey
CR7 6BH
Accountants Croydon Accountancy Limited
30 Palace View
Croydon
Surrey
CR0 8QL

Page 1

Miracle Word of Jesus Church Accountants' Report For The Year Ended 31 March 2022

In accordance with the engagement letter dated , and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.

This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.

You have acknowledged on the balance sheet as at year ended 31 March 2022 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

Signed

18 September 2022

Croydon Accountancy Limited 30 Palace View Croydon Surrey CR0 8QL

Page 2

Miracle Word of Jesus Church Profit and Loss Account For The Year Ended 31 March 2022

TURNOVER
Other income
Cost of raw materials and consumables
Staff costs
Depreciation and other amounts written off assets
Other charges
NET PROFIT		 2022
£
64,653
3,060
(861)
(6,480)
(854)
(9,387)
50,131		 2021
£
6,543
15,750
(1,250)
(5,775)
(1,296)
(10,127)
3,845

Page 3

Miracle Word of Jesus Church Balance Sheet As at 31 March 2022

Fixed assets
Current assets
Creditors: Amounts Falling Due Within One Year
NET CURRENT ASSETS (LIABILITIES)
TOTAL ASSETS LESS CURRENT LIABILITIES
Creditors: Amounts Falling After More Than One Year
Accruals and deferred income
NET ASSETS
CAPITAL AND RESERVES		 2022
£
9,118
61,788
(3,251)		 2021
£
3,513
1,464
(2,453)
58,537 (989)
67,655 2,524
(15,000)
(600)		 -
(600)
52,055 1,924
52,055 1,924

Notes

  1. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2021: 1)

2. General Information

Miracle Word of Jesus Church is a company, limited by guarantee and has no share capital, incorporated in England & Wales, registered number 08986611. The registered office is 205 Thornton Road, Thornton Heath, Surrey, CR7 6BH.

For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions.

On behalf of the board

Mr Anthony Bensuman

Director

18 September 2022

Page 4

Miracle Word of Jesus Church Trading Profit and Loss Account For The Year Ended 31 March 2022

TURNOVER
Sales
Donation_Land & Property Purchase
OTHER INCOME
Other operating income
COST OF RAW MATERIALS AND CONSUMABLES
Purchases
STAFF COSTS
Directors' salaries
Travel and subsistence expenses
DEPRECIATION AND OTHER AMOUNTS WRITTEN OFF ASSETS
Depreciation of plant and machinery
OTHER CHARGES
Premises expenses:
Rent
Repairs and maintenance
General administration costs:
Motor Vehicle Expenses (General admin)
Printing, postage and stationery
Advertising and marketing costs
Professional fees
Other operating costs
NET PROFIT		 2022
£
£
18,680
45,973
64,653
3,060
67,713
861
(861)
6,480
-
(6,480)
854
(854)
3,722
503
4,225
1,133
800
828
789
1,612
5,162
(9,387)
50,131		 2022
£
£
18,680
45,973
64,653
3,060
67,713
861
(861)
6,480
-
(6,480)
854
(854)
3,722
503
4,225
1,133
800
828
789
1,612
5,162
(9,387)
50,131		 2021
£
£
6,543
-
6,543
15,750
22,293
1,250
(1,250)
5,760
15
(5,775)
1,296
(1,296)
6,106
316
6,422
640
591
150
790
1,534
3,705
(10,127)
3,845		 2021
£
£
6,543
-
6,543
15,750
22,293
1,250
(1,250)
5,760
15
(5,775)
1,296
(1,296)
6,106
316
6,422
640
591
150
790
1,534
3,705
(10,127)
3,845
861
6,480
-		 1,250
5,760
15
67,713
(861)
(6,480)
(854)
(9,387)		 22,293
(1,250)
(5,775)
(1,296)
(10,127)
854
3,722
503		 1,296
6,106
316
4,225 6,422
1,133
800
828
789
1,612		 640
591
150
790
1,534
5,162 3,705
50,131 3,845

Page 5

MIRACLE WORD OF JESUS CHURCH

Annual Report and Financial Statements for the Year Ended 31 March 2022

Auditor’s report

Opinion

We have audited the financial statements for Miracle Word of Jesus Church for the year ended 31 March 2022. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including charity accounts regulation. (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-

give a true and fair view of this small charity, Miracle Word of Jesus Church, year-end accounts reflect its income and expenditure for the year then ended 31 March 2022.

have been properly prepared in accordance with the United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and regulations 6 and 8 of the charities Accounts (Scotland) Regulations 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

From the inception of Miracle Word of Jesus Church, the following accounting practices have been in place:

Responsibilities of trustees

As explained more fully in the trustees' responsibilities statement, the trustees are responsible for the preparation of the financial statements and for being satisfied they give a true and fair view, enabling the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists.