CHARITY REGISTRATION NUMBER: 1202925
MINISTERIO EVANGELISTICO PARA LAS NACIONES Unaudited Financial Statements 31 December 2023
MINISTERIO EVANGELISTICO PARA LAS NACIONES
Financial Statements
Year ended 31 December 2023
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 6 |
| Statement of financial activities | 7 |
| Statement of financial position | 8 |
| Notes to the financial statements | 9 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 16 |
| Notes to the detailed statement of financial activities | 17 |
MINISTERIO EVANGELISTICO PARA LAS NACIONES
Trustees' Annual Report
Year ended 31 December 2023
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2023.
Reference and administrative details
Registered charity name MINISTERIO EVANGELISTICO PARA LAS NACIONES Charity registration number 1202925 Principal office 5 Pageant Walk Croydon CR0 5UG
The trustees
Lorena Patricia Leonelli Elody Sofia Ordonez Ron Maritza Cortes Quinonez Independent examiner Mr Harry Koranteng-FCCA ACMA 5 Greenwich Quay Clarence Road London SE8 3EY
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MINISTERIO EVANGELISTICO PARA LAS NACIONES
Trustees' Annual Report (continued)
Year ended 31 December 2023
Structure, governance and management
Governing document
Ministerio Evangelistico Para Las Naciones is controlled by a governing document dated 3 April 2023, and was registered as a Charitable Incorporated Organisation (CIO - Association) on 13 May 2023 with Charity Registration Number 1202925.
Recruitment and appointment of new trustees
The trustees have kept a number of three trustees since the date of registration as a charity and as per our governing document dated 3 April 2023. The charity has not appointed any new trustees, however new trustees will be judged whether or not they are suitable candidates by the members.
Organisation
The trustees meet at least twice a year to review the finances of the Charity and look out for improvements to achieve the charity activities. The Charity as a church is keen to always be available to all members of the public. Hence the use of technology as an strategy to transmit the Christian faith worldwide
The trustees are assisted in their management of the Charity by the leading members of the church who were appointed at the Annual Meeting made up of the trustees and all members. The leading members did not receive any renumeration in respect of their voluntary work. The voluntary work consisted of teaching the Christian doctrine and practices by Sunday services, worship services, prayer and Bible study meetings as well as evangelising. As a result, there were many opportunities for all members to be involved in for the furtherance of the charity objectives and the spiritual development and wellbeing of all new members.
Risk management
The trustees are aware that they have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable reassurance against fraud and error.
The trustees have considered the particular risks of fraud, the need to ensure compliance with legislations, being sued by an outside body, and the integrity of the computer system and taken appropriate steps to control the risks and mitigate impact. The charity is aware of safeguarding issues and also advises members.
Financial and Budgetary control is pursued by the preparing and monitoring of the budged and studying the financial statements by the Trustees and an external accountant. The charity’s cash deposits are currently held in HSBC.
The charity makes wide use of computers for its activities with anti-virus protection and regular cloud back-ups to maintain data security. The accounting information is backed up to two different computers and the General Office computer systems is backed up to the cloud and are password protected.
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MINISTERIO EVANGELISTICO PARA LAS NACIONES
Trustees' Annual Report (continued)
Year ended 31 December 2023
Objectives and activities
Objectives and activities
The main object of the charity is to further the religious and charitable work of Free Methodist Church UK in accordance with the doctrines, policies and procedures of the church as set out in the Book of Discipline (2019) annexed to our governing document dated 3 May 2023.
The activities of the Charity are the celebration of public worship; teaching of the Christian Faith; mission and evangelism; pastoral work including visiting the sick; the provision of facilities with a Christian ethos for all members of the public.
No grants or social investments have been made. The charity relies on volunteers to function. This is not only during Sunday service from welcoming people to helping run the service itself but beyond that to the mid-week meetings.
The main activities have comprised:
Sundays providing a main service open to all, Sunday school for children and throughout the week Bible study, prayer meetings, worship services/rehearsals and fasting gatherings. These have been open to all members of the public.
Public benefit
We have served both the local and worldwide community in both direct provision of teaching for the personal and spiritual development and wellbeing of any individuals who seek it, and in facilitating our members to similarly provide that community benefit.
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MINISTERIO EVANGELISTICO PARA LAS NACIONES
Trustees' Annual Report (continued)
Year ended 31 December 2023
Achievements and performance
The accounting year ending 31 Dec 2023 was a very productive and fruitful year as things began to gradually pick up from all the challenges that came along with the pandemic. The supporting role of all our faithful church members, partners and friends of the ministry played to keep us standing and focused with regards to maintaining the objective of this Trust which is to advance the Christian faith in United Kingdom has been a huge blessing.
Numbers attending Sunday services are still increasing and trustees are currently exploring options to find a local building to expand the seating.
The Charity are keen to offer a range of services during the week and over the course of the year that can be found beneficial and spiritually fulfilling. These are prayer, worship and bible study meetings and in person services which are also transmitted online in a more relaxed and informal setting. The pastoral and prayer teams play a valuable role in the church.
New ideas are coming all the time and the Charity maintains a constructive attitude to widening exposure to God’s word.
The charity is involved in many social functions as part of the outreaching work. However, all members of the Charity are encouraged to spread the Gospel out in the public by gathering a group of members to go out locally and share God’s word by engaging in evangelistic gatherings. When members are unable to attend church due to sickness or age, our Pastor has visited these members at their homes or in hospital to keep them in touch with church life.
The Charity is committed to enabling as many people as possible to worship at church and to become part of the worship choir. The charity therefore supported this ministry by hiring a musician for the musical development by learning to play new instruments, voice coach lessons and mentoring. As the charity believes that the services and worship put faith into practice through prayer and scripture and music. This has led for the Worship services to be supported by a dedicated team of young musicians.
Our worship choir has attracted new members during the year and indeed from non-members which is a new way in which we have been able to connect with our local community.
Services are often led by preachers from within the congregations and the occasional visiting preachers help us maintain links with other churches. The charity is delighted to now have more children amongst and are seeking to recruit additional volunteers to support Sunday School.
Occasional services for baptisms, marriage and funerals are also provided. However, our baptism events are hosted every year during the month of July and following that there is the Discipleship courses as a follow up to keep expanding the new members’ faiths who have been baptised.
When planning for the activities for the year, the trustees considered ways to engage all members to live out their faith as part of the Christian community through: Worship and prayer; learning the Gospel; and developing their knowledge in the Christian faith
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MINISTERIO EVANGELISTICO PARA LAS NACIONES
Trustees' Annual Report (continued)
Year ended 31 December 2023
Financial review
Total incoming resources is £58,762. The principal funding sources continued to be tithes and offerings from members. The Total Outgoing resources is £60,414. This thus resulted in a net incoming resources deficit of £1,652.
The principal funding resources come from donations, and these are strictly used for the purpose of achieving the objectives of the Charity. The monies donated are for enhancing specific features of the church such as new instruments, zoom subscription, Microsoft office, anti-virus for our computers. In particular, the facilities that are rented to enable the charity carry out its activities. Nevertheless, throughout the year there continued to be an increasing level of donations so we can improve our online services.
The trustees delegate day to day financial controls to other reliable members of the church to keep a record of all the donations made and operate within the budget. The trustees by virtue use regular board meetings to scrutinise the finances, make judgements and estimates relating to the available funds and appropriate allocation of these funds.
The trustees' annual report was approved on 28 August 2024 and signed on behalf of the board of trustees by:
Lorena Patricia Leonelli Trustee
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MINISTERIO EVANGELISTICO PARA LAS NACIONES
Independent Examiner's Report to the Trustees of MINISTERIO EVANGELISTICO PARA LAS NACIONES
Year ended 31 December 2023
I report to the trustees on my examination of the financial statements of MINISTERIO EVANGELISTICO PARA LAS NACIONES ('the charity') for the year ended 31 December 2023.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the 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:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the financial statements do not accord with those records; or
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the financial statements 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.
Mr Harry Koranteng-FCCA ACMA Independent Examiner
5 Greenwich Quay Clarence Road London SE8 3EY
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MINISTERIO EVANGELISTICO PARA LAS NACIONES
Statement of Financial Activities
Year ended 31 December 2023
| 2023 | 2023 | ||
|---|---|---|---|
| Unrestricted | |||
| funds | Total funds | ||
| Note | £ | £ | |
| Income and endowments | |||
| Donations and legacies | 4 | 58,759 | 58,759 |
| Investment income | 5 | 3 | 3 |
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|
||
| Total income | 58,762 | 58,762 | |
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|
||
| Expenditure | |||
| Expenditure on charitable activities | 6,7 | 60,414 | 60,414 |
|
|
||
| Total expenditure | 60,414 | 60,414 | |
|
|
||
|
|
||
| Net expenditure and net movement in funds | (1,652) | (1,652) | |
|
|
||
| Reconciliation of funds | |||
| Total funds brought forward | 2,797 | 2,797 | |
|
|
||
| Total funds carried forward | 1,145 | 1,145 | |
|
|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 9 to 14 form part of these financial statements.
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MINISTERIO EVANGELISTICO PARA LAS NACIONES
Statement of Financial Position
31 December 2023
| 2023 | ||
|---|---|---|
| Note | £ | |
| Fixed assets | ||
| Tangible fixed assets | 12 | 2,118 |
| Current assets | ||
| Cash at bank and in hand | 1,385 | |
| Creditors:amounts falling due within one year | 13 | 2,358 |
|
||
| Net current liabilities | 973 | |
|
||
| Total assets less current liabilities | 1,145 | |
|
||
| Net assets | 1,145 | |
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||
| Funds of the charity | ||
| Unrestricted funds | 1,145 | |
|
||
| Total charity funds | 15 | 1,145 |
|
These financial statements were approved by the board of trustees and authorised for issue on 28 August 2024, and are signed on behalf of the board by:
Lorena Patricia Leonelli Trustee
The notes on pages 9 to 14 form part of these financial statements.
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MINISTERIO EVANGELISTICO PARA LAS NACIONES
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 5 Pageant Walk, Croydon, CR0 5UG.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
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MINISTERIO EVANGELISTICO PARA LAS NACIONES
Notes to the Financial Statements (continued)
Year ended 31 December 2023
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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legacy income is recognised when receipt is probable and entitlement is established.
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income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
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MINISTERIO EVANGELISTICO PARA LAS NACIONES
Notes to the Financial Statements (continued)
Year ended 31 December 2023
3. Accounting policies (continued)
Tangible assets (continued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment - 25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
4. Donations and legacies
| Unrestricted | Total Funds | |
|---|---|---|
| Funds | 2023 | |
| £ | £ | |
| Donations | ||
| Tithes and Offerings | 58,759 |
58,759 |
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MINISTERIO EVANGELISTICO PARA LAS NACIONES
Notes to the Financial Statements (continued)
Year ended 31 December 2023
5. Investment income
| Unrestricted | Total Funds | |
|---|---|---|
| Funds | 2023 | |
| £ | £ | |
| Bank interest receivable | 3 | 3 |
|
|
|
| Expenditure on charitable activities by fund type | ||
| Unrestricted | Total Funds | |
| Funds | 2023 | |
| £ | £ | |
| Charitable activities | 52,068 | 52,068 |
| Charitable activities | 6,731 | 6,731 |
| Support costs | 1,615 | 1,615 |
|
|
|
| 60,414 | 60,414 | |
|
|
6. Expenditure on charitable activities by fund type
7. Expenditure on charitable activities by activity type
| Activities | |||
|---|---|---|---|
| undertaken | Total funds | ||
| directly | Support costs | 2023 | |
| £ | £ | £ | |
| Charitable activities | 52,068 | – | 52,068 |
| Charitable activities | 6,731 | – | 6,731 |
| Governance costs | – | 1,615 | 1,615 |
|
|
|
|
| 58,799 | 1,615 | 60,414 | |
|
|
|
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| Net expenditure | |||
| Net expenditure is stated after charging/(crediting): | |||
| 2023 | |||
| £ | |||
| Depreciation of tangible fixed assets | 705 | ||
|
8. Net expenditure
9. Independent examination fees
| 2023 | ||
|---|---|---|
| £ | ||
| Fees payable to the independent examiner for: | ||
| Independent examination of the financial statements | 1,500 | |
|
||
| 10. | Staff costs | |
| The total staff costs and employee benefits for the reporting period are analysed as follows: | ||
| 2023 | ||
| £ | ||
| Wages and salaries | 21,273 | |
| Employer contributions to pension plans | 456 | |
|
||
| 21,729 | ||
|
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MINISTERIO EVANGELISTICO PARA LAS NACIONES
Notes to the Financial Statements (continued)
Year ended 31 December 2023
10. Staff costs (continued)
The average head count of employees during the year was 1. The average number of full-time equivalent employees during the year is analysed as follows:
| 2023 | |
|---|---|
| No. | |
| Number of staff | 1 |
|
No employee received employee benefits of more than £60,000 during the year (2022: Nil).
11. Trustee remuneration and expenses
Remuneration of £21,273.28 was paid to a trustee, Pastor Lorena Leonelli during the year.
12. Tangible fixed assets
| Equipment | |
|---|---|
| £ | |
| Cost | |
| At 1 January 2023 | – |
| Additions | 2,823 |
|
|
| At 31 December 2023 | 2,823 |
|
|
| Depreciation | |
| At 1 January 2023 | – |
| Charge for the year | 705 |
|
|
| At 31 December 2023 | 705 |
|
|
| Carrying amount | |
| At 31 December 2023 | 2,118 |
|
|
| Creditors: amounts falling due within one year | |
| 2023 | |
| £ | |
| Trade creditors | 621 |
| Accruals and deferred income | 1,500 |
| Social security and other taxes | 237 |
|
|
| 2,358 | |
|
13. Creditors: amounts falling due within one year
14. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £456.
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MINISTERIO EVANGELISTICO PARA LAS NACIONES
Notes to the Financial Statements (continued)
Year ended 31 December 2023
15. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||||
|---|---|---|---|---|---|---|
| At | At | |||||
| 1 January | 20 | 31 December | ||||
| 23 | Income | Expenditure | 2023 | |||
| £ | £ | £ | £ | |||
| General funds | 2,797 | 58,762 | (60,414) | 1,145 | ||
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| 16. | Analysis of net assets between funds | |||||
| Unrestricted | Total Funds | |||||
| Funds | 2023 | |||||
| £ | £ | |||||
| Tangible fixed assets | 2,118 | 2,118 | ||||
| Current assets | 1,385 | 1,385 | ||||
| Creditors less than 1 year | (2,358) | (2,358) | ||||
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|||||
| Net assets | 1,145 | 1,145 | ||||
|
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17. Related parties
There are no other related party transactions other than that disclosed in Note 11.
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MINISTERIO EVANGELISTICO PARA LAS NACIONES
Management Information
Year ended 31 December 2023
The following pages do not form part of the financial statements.
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MINISTERIO EVANGELISTICO PARA LAS NACIONES
Detailed Statement of Financial Activities
Year ended 31 December 2023
| 2023 | |
|---|---|
| £ | |
| Income and endowments | |
| Donations and legacies | |
| Tithes and Offerings | 58,759 |
|
|
| Investment income | |
| Bank interest receivable | 3 |
|
|
|
|
| Total income | 58,762 |
|
|
| Expenditure | |
| Expenditure on charitable activities | |
| Wages and salaries | 21,273 |
| Pension costs | 456 |
| Rent | 27,849 |
| Rates and water | 20 |
| Light and heat | 493 |
| Repairs and maintenance | 62 |
| Insurance | 72 |
| Other motor/travel costs | 1,800 |
| Legal and professional fees | 1,500 |
| Telephone | 1,105 |
| Depreciation | 705 |
| Other interest payable and similar charges | 115 |
| Donation,Evangelism and Programs | 4,528 |
| Printing,Postage and Stationery | 436 |
|
|
| 60,414 | |
|
|
|
|
| Total expenditure | 60,414 |
|
|
|
|
| Net expenditure | (1,652) |
|
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MINISTERIO EVANGELISTICO PARA LAS NACIONES
Notes to the Detailed Statement of Financial Activities
Year ended 31 December 2023
| 2023 | |
|---|---|
| £ | |
| Expenditure on charitable activities | |
| Charitable activities | |
| Activities undertaken directly | |
| Wages/salaries | 21,273 |
| Pension costs | 456 |
| Rent | 27,849 |
| Rates & water | 20 |
| Light & heat | 493 |
| Insurance | 72 |
| Depreciation | 705 |
| Evangelism and Programs | 1,200 |
|
|
| 52,068 | |
|
|
| Charitable activities | |
| Activities undertaken directly | |
| Repairs & maintenance | 62 |
| Other motor/travel costs | 1,800 |
| Telephone and website | 1,105 |
| Donation to Charity | 3,328 |
| Printing, Postage and Stationery | 436 |
|
|
| 6,731 | |
|
|
| Governance costs | |
| Governance costs - accountancy fees | 1,500 |
| Governance costs - other finance costs | 115 |
|
|
| 1,615 | |
|
|
|
|
| Expenditure on charitable activities | 60,414 |
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