REGISTERED CHARITY NUMBER: 1198612
Report of the Trustees and
Unaudited Financial Statements for the Period 1 September 2022 to 31 March 2023
for
Holiness International Ministry
Argon & Krypton Consulting Ltd (Chartered Certified Accountants & Tax Advisers) Unit 6 Town Quay Wharf Abbey Road Barking Essex IG11 7BZ
Holiness International Ministry
Contents of the Financial Statements for the Period 1 September 2022 to 31 March 2023
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Statement of Financial Position | 4 |
| Notes to the Financial Statements | 5 to 7 |
| Detailed Statement of Financial Activities | 8 |
Holiness International Ministry
Report of the Trustees
for the Period 1 September 2022 to 31 March 2023
The trustees present their report with the financial statements of the charity for the period 1 September 2022 to 31 March 2023. 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
1198612
Principal address
Durning Hall Community Centre Eartham Grove London E7 9AB
Trustees
C Mpangi Clergy (appointed 1.9.22) I Mark (appointed 1.9.22) Ms S Bopolonga (appointed 1.9.22) F Bryce (appointed 1.9.22)
Independent Examiner
Shola Makinwa MSc FCCA Argon & Krypton Consulting Ltd (Chartered Certified Accountants & Tax Advisers) Unit 6 Town Quay Wharf Abbey Road Barking Essex IG11 7BZ
Approved by order of the board of trustees on 26 June 2024 and signed on its behalf by:
Caster Mpangi
C Mpangi - Trustee
Page 1
Independent Examiner's Report to the Trustees of Holiness International Ministry
Independent examiner's report to the trustees of Holiness International Ministry
I report to the charity trustees on my examination of the accounts of Holiness International Ministry (the Trust) for the period 1 September 2022 to 31 March 2023.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Olusola Makinwa
Shola Makinwa MSc FCCA Argon & Krypton Consulting Ltd (Chartered Certified Accountants & Tax Advisers) Unit 6Town Quay Wharf Abbey Road Barking. Essex IG11 7BZ
26 June 2024
Page 2
Holiness International Ministry
| Statement of Financial Activities | ||
|---|---|---|
| for the Period 1 September 2022 to 31 March | 2023 | |
| Unrestricted | ||
| fund | ||
| Notes | £ | |
| INCOME AND ENDOWMENTS FROM | ||
| Donations and legacies | 21,587 | |
| EXPENDITURE ON | ||
| Charitable activities | ||
| Charitable Activities | 9,308 | |
| Other | 460 | |
| Total | 9,768 | |
| NET INCOME | 11,819 | |
| TOTAL FUNDS CARRIED FORWARD | 11,819 |
The notes form part of these financial statements
Page 3
Holiness International Ministry
Statement of Financial Position 31 March 2023
| Unrestricted | ||
|---|---|---|
| fund | ||
| Notes | £ | |
| FIXED ASSETS | ||
| Tangible assets | 3 | 149 |
| CURRENT ASSETS | ||
| Cash at bank | 11,919 | |
| CREDITORS | ||
| Amounts falling due within one year | 4 | (249) |
| NET CURRENT ASSETS | 11,670 | |
| TOTAL ASSETS LESS CURRENT LIABILITIES | ||
| 11,819 | ||
| NET ASSETS | 11,819 | |
| FUNDS | 5 | |
| Unrestricted funds | 11,819 | |
| TOTAL FUNDS | 11,819 |
The financial statements were approved by the Board of Trustees and authorised for issue on 26 June 2024 and were signed on its behalf by:
Caster Mpangi
C Mpangi - Trustee
The notes form part of these financial statements
Page 4
Holiness International Ministry
Notes to the Financial Statements for the Period 1 September 2022 to 31 March 2023
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.
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.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the period ended 31 March 2023.
Trustees' expenses
There were no trustees' expenses paid for the period ended 31 March 2023.
continued...
Page 5
Holiness International Ministry
Notes to the Financial Statements - continued for the Period 1 September 2022 to 31 March 2023
| 3. | TANGIBLE FIXED ASSETS | |||
|---|---|---|---|---|
| Computer | ||||
| equipment | ||||
| £ | ||||
| COST | ||||
| Additions | 199 | |||
| DEPRECIATION | ||||
| Charge for year | 50 | |||
| NET BOOK VALUE | ||||
| At 31 March 2023 | 149 | |||
| 4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| £ | ||||
| Trade creditors | 249 | |||
| 5. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| in funds | 31/3/23 | |||
| £ | £ | |||
| Unrestricted funds | ||||
| General fund | 11,819 | 11,819 | ||
| TOTAL FUNDS | 11,819 | 11,819 | ||
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 21,587 | (9,768) | 11,819 | |
| TOTAL FUNDS | 21,587 | (9,768) | 11,819 |
continued...
Page 6
Holiness International Ministry
Notes to the Financial Statements - continued for the Period 1 September 2022 to 31 March 2023
6. RELATED PARTY DISCLOSURES
There were no related party transactions for the period ended 31 March 2023.
Page 7
Holiness International Ministry
| Detailed Statement of Financial Activities for the Period 1 September 2022 to 31 March 2023 INCOME AND ENDOWMENTS Donations and legacies Tithes and Oferings Donations Other Income Total incoming resources EXPENDITURE Charitable activities Rent and Rates Insurance Church Activities Depreciation Fixtures and fttings Other Donations Support costs Governance costs Accountancy and legal fees Total resources expended Net income |
£ 19,240 2,057 290 |
|---|---|
| 21,587 | |
| 21,587 7,500 315 1,443 50 |
|
| 9,308 210 250 |
|
| 9,768 | |
| 11,819 |
This page does not form part of the statutory financial statements
Page 8