2024-03-31-accounts - Mission For Christ Evangelical Ministry

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MISSION FOR CHRIST EVANGELICAL MINISTRY

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST ] MARCH 2024

CHARITY NUMBER:1204581

MISSION FOR CHRIST EVANGELICAL MINISTRY 194 STATION ROAD BURTON LATIMER KETTERING NN15 5NT

INDEX Page Index 1 Trustee’s Report 2 - 3 Receipts and Payments Account 4 Statement of Assets and Liabilities 5 Notes on the financial Statements 6

TRUSTEES’ REPORT YEAR ENDED 31[ST] MARCH 2024

The trustees are pleased to present their report for the year ended 31 March 2024 for the charity, Mission for Christ Evangelical Ministry with charity number 1204581.

The Trustees of the charity are: Oladipupo Olukoga Otuyelu Olubunmi Aderonmu Ademola Adekola

The principal address of the charity is : 194 Station Road Burton Latimer Kettering NN15 5NT

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Charity governing document is a CIO – Foundation Constitution registered 4[th] September 2023. The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.

OBJECTIVES AND ACTIVITIES

The Objects of the organisation are first to advance the Christian Religion in Dagenham for the benefit of the public through the holding of prayer meetings, lectures, public celebrations of religious festivals, producing and distributing literature on Christianity to enlighten others about the Christian faith. The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.

ACHIEVMENTS AND PERFORMANCE

The Organisation continues to hold successful worship services through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. The organisation continues to hold online services due to the pandemic conditions. This has produced good results in reaching and helping members of the community.

FINANCIAL REVIEW

The income of the charity is above £7,400. This is a good amount for this year of the charity the costs have been well managed over this period. The organisation is still in a good position to manage its costs. The main cost of the organisation was paying for the rent of its building, operational costs and covering the costs of its events and programs.

RESERVE POLICY

It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure. This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to maintain this level throughout the year.

RISK MANAGEMENT

The charity have assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.

TRUSTEE RESPONSIBILITIES

Under the Charities Act 2011, the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:

Select suitable accounting policies and apply them consistently.
Make judgements and estimates that are reasonable and prudent.
State whether the applicable accounting standards have been followed.
Prepare financial statements on an ongoing basis.

They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.

Approved by the Trustees on 2[nd] October 2024 and signed on their behalf by:

Independent Examiner’s Report To the Trustees MISSION FOR CHRIST EVANGELICAL MINISTRY

I report on the accounts of the church for the year ended 31[ST ] March 2024 set out on the following pages which have been prepared on the basis of the accounting policies shown in the corresponding pages.

Respective responsibilities of trustees and examiner

The trustees of the church are responsible for the preparation of accounts: they consider that the audit requirement under section 144(2) of the Charities Act 2011 (the 2011 Act),does not apply. It is my responsibility to :

Examine the accounts under section 145 of the 2011 Act.
Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 145(5)(b) of the 2011 Act.
State whether particular matters have come to my attention.

Basis of Independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the church and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts 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 I do not express an audit opinion on the view given by the accounts.

Independent examiner’s statement

In the course of my examination, no matter has come to my attention;

(1) which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that:
proper accounting records are kept( in accordance with section 130 of the 2011 Act
accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 2011 Act: or
(2) to which , in my opinion , attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Chuks Ajuka BSc(Man), FICB PMDip FRESH FIRE ORGANISATION Generator Business Centre 95 Miles Road Mitcham Surrey CR4 3FH

MISSION FOR CHRIST EVANGELICAL MINISTRY

ACCOUNTS FOR THE YEAR ENDED 31st MARCH 2024

1	Receipts & Payments Account (General	Purpose Fund)
	Income Receipts	£/ 2024
	Donations	7468
	Total Receipts	7468
	Direct Charitable Expenditure
	Printing	416
	Refreshments	12
	Hire of Hall	444
	Music services	150
	Church Supplies	180
	Supplies	182
	Travel costs	418
	Professional fees	250
	Missions	128
	Hotel	92
	Benevolent giving	100
		2372
	Other Expenditure
	Equipment	3040
	Instruments	1550
	Hire of equipment	0
		4590
	Total Payments	6962
	Net Receipts/(Payments) for the year	506
	Cash Funds brought forward	0
	Cash Funds at the end of the year	506

MISSION FOR CHRIST EVANGELICAL MINISTRY

2 Statements of Assets and liabilities Monetary Assets Cash Funds Cash at hand and in bank Total Cash Funds Debtor Assets Retained for the Charity's Own use Non-monetary Assets and Liabilities Musical Instruments Equipments Liabilities Bookkeeping NET ASSETS	Unrestricted Funds 2024 £ 506 506 0 1550 3040 4590 250 4846

These accounts were approved by the trustees and signed on their behalf by: Oladipo Otuyelu

MISSION FOR CHRIST EVANGELICAL MINISTRY

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31st MARCH 2024

ACCOUNTING POLICIES

Basis of Accounting

These accounts have been prepared on the receipts and payments basis with all revenue and expenses shown on a cash basis. Non-monetary assets are shown at estimates of the value at the end of the year.

Funds

The CIO has a general unrestricted fund that receives voluntary donations from attendants at the services.

The CIO has no outstanding guarantees to third parties no any debts secured on the asstes of the CIO

Public Benefit

The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or aims that are for public benefit.Details of how this is achieved are provided in the Trustees report. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.

Depreciation

Depreciation is calculated at 20% reducing balance method