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THE MIRACLE CHURCH OF GOD IN CHRIST

TRUSTEES' REPORT AND UNAUDITED ACCOUNTS

FOR THK YEAR ENDED 31 MARCH Z018

I ARRINGTONR CO. LIMITED

CHARTERED CERTIFIED ACCOUNTANTS


LEGAL AND ADMINISTRATIVE INFORMATION

FOR THE YEAR ENDED 31 MARCH 2018

TRUSTEES: Francis VaughanStephanie GrantAmanda JosephPeter StapletonIcilda CameronLloyd Allison

Deona Deans

CHARITY NUMBER: 291224

PRINCIPAL ADDRESS: 36-38 Alexandra RoadBedfordMK40 1JB

INDEPENDENT EXAMINER Darrington & Co Limited71 High StreetGt BarfordBEDFORDMK44 3LF

BANKERS: Lloyds TSB34 High StreetBedfordMK40 1SB

Page 1


CONTENTS OF THE FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 MARCH 2018

Page

Trustees' Report 3-6

Independent Examiner's Report

Statement of Financial Activities

Balance Sheet

Notes to the Accounts 10-15

Page 2


TRUSTEES' REPORT

YEAR ENDED 31 MARCH 2018

The Trustees present their report and accounts for the year ended 31"March 2018.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and complywith the Church's Trust Deed, The Charities Act 2011 and the Statement ofRecommended Practice applicable to Charitiespreparing accounts in accordance with the Financial Reporting Standard for Smaller Entities published in 2014.

By the grace of God and the continuing help of our supporters we were able to meet many of our objectives for the year and

take on some additional responsibilities.

We reiterate our mandate as contained in the Trust document:~ To conduct daily public worship in the House of God~ To witness to the lost~ To preach and uphold the doctrine of the New Birth/Water baptism by immersion and the Lord's Supper~ To maintain Sunday School and Bible Study classes~ To promote community integration working with local community organisations to care for the aged and indigent

within our community~ To maintain a robust Outreach Ministry by distributing Christian literature, visiting local Care Homes, the local

hospital and prisons and holding open-air meetings and also to make use of the media to reach the lost for Christ

Structure Governance and Mana ement

The Church was established by a Charitable Trust Deed on 23 January 1985.

The Members of the Trustees who served during the year were:—

Mr Francis Vaughan —General Overseer and Chair of TrusteesMrs Stephanie Grant —Assistant Chair of TrusteesMrs Amanda JosephMr Peter StapletonMrs Icilda CameronMr Lloyd AllisonMrs Deona Deans

Existing Trustees by resolution, appoints new Trustees at planned meetings. The Board of Trustees who make the financial

and management decisions oversee the activities of the church. The spiritual and educational guidance of the congregation is

delegated to the Pastors, Elders and Departmental Leaders who are appointed by the Board.

~Ob'ectives.

The Church's objectives are the advancement of Christian and other charitable purposes and in particular, to further education

in the basic principles of Christian morality. The Charity currently runs churches in Bedford, Northampton, Jamaica, Ghana,

Nigeria and Barbados and seeks to meet the needs of the wider Community in each area in pursuit of its objectives.

The Charity is a member of the Evangelical Alliance and also participates in a number of Local Organizations such as the

Bedford Ecumenical Committee (BEC), the Bedfordshire University Chaplaincy Committee and HOPE Bedfordshire. There

are various other Organisations which we participate in or support on a smaller scale.

Page 3


TRUSTEES' REPORT


Activities For The Year

Local Ministries

During this year, the Church has facilitated a variety of activities, among these:-

l. Operating all-age Sunday School —&om age 4 to adults (children between the age of 4 and 12 most weeks numbering

around 50)

We also offer support to our Church and Local Community by facilitating:

1. Youth group sessions:Now under new leadership and includes a wider variety of activities and opportunities for our young people &om

age 7 to 30. There is also support for those who are in further education and for families who have young ones wantingto use the service but are not able to always get their children/youth to the meetings and events. This runs on a Fridayevening between the hours of 7pm and 9pm.

2. Women's support groups.3. Men's support group.4. Supplying food and other provisions for members of the local Community5. Providing Christmas Hampers for the elderly, single mothers and needy within the Community.6. Donating food and provisions to a local drop-in centre.7. Provision of night and short-term shelter for ad-hoc callers.8. Assisting financially our young people who are in university and also those in mainstream schools whose parents are

struggling financially.Transport is provided for the children, elderly and infirm members of the Community to be able to visit and take part in the

various services and activities that are being provided for them on a weekly basis.

Policies and Procedures

Work still continues on our Policies and Procedures and Job descriptions for all staff including our Volunteers.

Child Protection

We now have on-board 2 vibrant workers in this area who have volunteered their services. Already they have been a great

asset to this area of work. Child Protection Training and re&esher sessions is an ongoing process; an encouraging number ofmembers of the wider community have attended these and other training sessions that we have facilitated. We continue toensure that all our workers and those who come into contact with children/vulnerable adults are DBS checked and receive

the necessary training and information.

Bedford

This year has seen an increase in our involvement with the local community; there has also been an expression of interest

&om other community organisations looking to run activities at our premises. Hope Bedfordshire, the Bedford Community

Gospel Choir and the Bedford Town Centre Chaplaincy are just some of the organisations in which we play an active part.

We also have a group who support ex-prisoners looking to use the facilities for their support group once a week. Our ministry

to the Care Homes, Prison, Hospital and Street Outreach continues to grow; as does the Civic engagements that our Chair—

Bishop Vaughan is asked to participate in during the year, these include Bedfordshire University graduation ceremony, the

High Sheriff s reception as well as Christmas services at both Yarlswood Detention Centre and HMP Bedford.

Page 4


TRUSTEES' REPORT


HMP Bedford

We have had a visible presence in Bedford Prison for over 30 years; we also facilitate a monthly Worship Service.

N~orthom too

As well as the normal weekly activities, a weekly 'Feed the Needy' project is also being run &om this location which catersfor a number of single parent families, the elderly and infirm within the congregation and community.

Mission De artment

The Charity's Missions Department corresponds with individuals, churches and other organisations not just in the UK butalso overseas and co-ordinates the help and support that is needed. This financial year we have assisted a number of Charities,some with financial assistance, others we have sent barrels complete with clothes, food, toiletries and other provisions. Wehave also run a 'back to school' project for children in a number of schools in Jamaica.

Within the UK:

British Heart FoundationMcMillan Cancer ResearchSamaritans PurseChildren with Cancer UKGreat Ormond Street Children's Hospital CharityCancer Research UKChristian AidBible SocietySickle Cell CharitySue Ryder

Support outside the UK:-

The Miracle Church of God in Christ, St Elizabeth, JamaicaThe Lucea Methodist Church (Back to School Project) Lucea, JamaicaLove World Ministry, Spanish Town, JamaicaSanctuary Children's Orphanage, JamaicaSt Dominic's Children's Home, Trinidad

Outreach Ministries

We endeavour to follow the example of Christ, (St. Matthew 25: 35-41) in reaching out to those who are sick, incarcerated,

in need within our Community. We do this by weekly visiting the Local Hospital and Prison, catering for the spiritual and

emotional needs ofpatients and inmates, There is a continued involvement after they have been released &om hospital/prison.

We continue to carry out monthly visits to local Residential Care Homes. Also with the local Detention Centre, helping with

Provisions and Care once the Detainees have been released.

Page 5


TRUSTEES' REPORT


Future Plans

The plan for the future is to make the Church a more professional Organisation; an Organisation that is not only attractive toChristians but will be welcoming and relevant to the wider Community. In order to do this we will continue to seek out the

people within each congregation who are skilled in specific areas and get them working together across the churches at home

and abroad, making each area more affective.For the future we are looking at acquiring premises to set up and run a centre for the wider Community which will include

children and Youth, elderly and infirm, single mothers, those suffering &om the effects of physical, mental and emotional

al eve&~.

Our aim is also to do more in the area of Mission and set up a charity in each country that is representative of the make-up ofour congregation, either a children's home or elderly care home.

Conclusion

We, the Trustees of the Miracle Church of God in Christ Charity, according to the commission given to us in St. Matthew28: 19-20 endeavour to serve the people in the Church, Community and Overseas.

We thank you for your support in helping us to accomplish this work.

On behalf of the Board of Trustees:-

Bishop F VaughanChairperson

Dated: 9~ October 2018

Page 6


INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF THE MIRACLE CHURCH OF GOD IN CHRIST

We report on the Accounts of the Charity for the year ended 31"March 2018 which are set out on to 15.

Respective Responsibilities of Trustees and Examiner

The Charity's Trustees are responsible for the preparation of the Accounts. The Charity's Trustees consider that an audit is notrequired for this year under Section 144 (2) ofThe Charities Act 2011 (The Charities Act) and that an Independent Examination

is needed.

It is our responsibility to;

~ examine the accounts under Section 145 of the Charities Act,~ to follow the procedures laid down in the general Directions given by the Charity Commission (under Section

145(5)(b) of the Charities Act, and~ to state whether particular matters have come to our attention.

Basis of Independent Examiner's Statement

Our examination was carried out in accordance with general Directions given by The Charity Commission. An examinationincludes a review of the accounting records kept by the Charity 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 f'rom the Trusteesconcerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and

consequently no opinion is given as to whether the Accounts present a "true and fair" view and the report is limited to those

matters set out in the statement below.

Independent Examiner's Statement

In connection with our examination, no matter has come to our attention:-

which gives us reasonable cause to believe that, in any material respect, the requirements:-

~ to keep accounting record in accordance with Section 130 of the Charities Act;~ to prepare accounts which accord with the accounting records and comply with the accounting requirements of

the Charities Act have not been met; or

to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be

reached.

Darri gton 8r, Co LimitedChartered Certified Accountants71 High StreetGt BarfordBEDFORDMK44 3LF

Dated: 9'" October 2018

Page 7


STATEMENT OF FINANCIAL ACTIVITIESFOR THE YEAR ENDED 31 MARCH 2018

NotesUnrestricted

FundsRestricted

FundsTotal2018

Total2017

Incomin resources from enerated funds

Donations and legacies

Rental, investment and other income

101,152

71)462

101,152

71)462

116,323

79,870

Incoming resources from charitable activities 4

Total incoming resources

172,6144,433

177,047

172,6144,433

177,047

196,1934,929

201,122

Resources ex ended

Charitable activitiesChurch activitiesProvision of social housing

Total charitable expenditure

Governance costs

136,48234,033

170,515

6,360

136,48234,033

170,515

6,360

133,78331,123

164,906

8,400

Total resources expended 176,875 176,875 173,306

Net surplus for the year/Net movement in funds 172 172 27,816

Property revaluations 328,190 328,190

Fund balances at 1 April 2017

328,362

2,763,846 202,916

328,362 27,816

2,966,762 2,938,946

Fund balances at 31 March 2018 3,092,208 202,916 3,295,124 2,966,762

Page 8


BALANCE SHEETAS AT 31 MARCH 2018

Notes 2018 2017

Fixed assetsTangible assets 3,236,889 2,908,978

Current assetsDebtorsInvestments

Cash at Bank and in Hand

12 30,40913 31,019

12)917

39,0566,806

47,737

74,345 93,599

Creditors: amounts falling due withinOne year 14 16,110 35,815

Net current assets

Net assets

58,235

3,295,124

57,784

2,966,762

Income fundsRestricted fundsUnrestricted fundsRevaluation reserve

151616

202,916946,921

2,145,287

202,916946,749

1,817,097

3,295,124 2,966,762

Approved by the Trustees on 9'" October 2018

Pastor F Vaughan

ChairmanMrs S Grant

. Trustee

Page 9


NOTES TO THE ACCOUNTSFOR THE YEAR ENDED 31 MARCH 2018

Accounting Policies

Basis of preparation

The accounts have been prepared under the historical cost convention modified to include the revaluation of certainfixed assets.

The accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement ofRecommended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting

Standard for Smaller Entities published in 2014 and The Charities Act 2011 and applicable regulations.

Incoming resources

Income, including that gifted under the Gift Aid Scheme, is taken into account when received by the Charity. Incomereceived in circumstances where a claim for repayment of tax has been or will be made to the Inland Revenue is

grossed up for the tax recoverable. Any amounts of tax not yet reclaimed &om H M Revenue & Customs is shown

within the Charity's debtors.

Interest and rental income are taken into account when receivable.

Resources expended

Expenditure is taken into account when incurred by the Charity regardless of when payment is made and is allocated

to the appropriate heading in the Accounts. Grants and donations payable are taken into account at the earlier of when

they are paid or become constructive obligations of the Charity.

Tangible fixed assets and depreciation

Tangible fixed assets other than &eehold property are stated at cost or valuation less depreciation. Depreciation is

provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expecteduseful life, as follows:—

Fixtures, fittings & equipment

Motor vehiclesComputer equipment

10% - 25% on cost25% on reducing balance33,33% on cost

Freehold properties at 43 Alexandra Road, 8 Conduit Road, 13 Conduit Road and 1 Alexandra Road were re-valued

by Smartmove Estates & Lettings Limited and James Kendall Estate Agents in September 2018. These revaluations

have been incorporated into these financial statements. No depreciation is provided on &eehold property.

Investments

Current asset investments are stated at market value.

Accumulated funds

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses ofthe restricted funds are set out in the notes to the accounts.

Commitments for future expenditure

Other than normal commitments under contracts of employment, there are no contractual obligations to future

expenditure at the balance sheet date. Where the trustees have authorised expenditure which is not legally enforceable

or become constructive obligations, amounts are set aside into funds designated for the purpose.

Page 10



2. Donations and legacies2018 2017

Donations and gifts 101,152 116,323

3. Rental and investment income2018 2017

Rental incomeInterest received

71,43032

79,82644

71,462 79,870

4. Incoming resources from charitable activities2018 2017

Church activities 4,433 4,929

5. Total resources expended

Othercosts

Grant~Fundin

Total2018

Total2017

Charitable activitiesChurch activitiesActivities undertaken directlyDonations, grants and giftsSupport costs

52,71121,03362,738

52,71121,03362,738

49,32828,27356, 182

Total 136,482 136,482 133,783

Provision of social housin

Activities undertaken directly

Governance costs

34,033

170,515

6,360

34,033

170,515

6,360

31,123

164,906

8,400

176,875 176,875 173,306

Governance costs includes payments to the accounting practice of the independent examiner of 66,360 (2017:E8,400)for independent examination fees.

Page 11



6. Activities undertaken directly2018 2017

Other costs relating to church activities comprise:-Pastoral fees and expensesRent, rates and water

Light and heatPraise in the Park

Cleaning and flowers

Motor expensesSunday school and youth workWomens DepartmentCatering and ref'reshments

Music25 Years CelebrationConvention expensesVisiting speakersIcare costs

13,500585

7,07813,151

1)831

8,3122,143

2103,1761,025

435

1,265

20,000753

5,609

2)249

9,858744

952,709

926

3,2192,918

248

52,711 49,328

Other costs relating to provision of social housing comprise:-Light and heatRepairsInsuranceCouncil taxWater and sewerageCleaning

Energy Performance CertificatesHMO Licence FeesLetting fees

1,78421,5383,228

358322

2606,543

1,92016,813

3,121446518185182

7,938

34,033 31,123

7. Donations, grants and gifts payable2018 2017

Donations to institutionsGrant to Aylesbury branchGifts to individuals

7,019

14,014

3,27213,00112,000

21,033 28,273

Page 12

THK MIRACLE CHURCH OF GOD IN CHRIST

NOTES TO THK ACCOUNTSFOR THE YEAR ENDED 31 MARCH 2018

Support costs 2018 2017

Administrative expensesRepairsStaff costsDepreciation and profit on sale of vehicle

17,4669,548

35,724(-)

20,5617,096

28,630(105)

62,738 56,182

9. Trustees

The following trustees (or any persons connected with them) received either fees or remuneration for employmentduring the year for pastoral services to the church:

Francis Vaughan f.l3,500 (2017: 620,000)Stephanie Grant 67,044 (2017; 67,044)

In addition to the above, Francis Vaughan had the use of a car belonging to the church which originally cost 29,750.

10. EmployeesNumber of employeesThe average monthly number of employees during the year was:-

2018Number

2017Number

Administration

There were no employees whose annual emoluments were f60,000 or more.

11. Tangible fixed Assets

Cost or valuationAt 1 April 2017RevaluationAdditionsDisposals

Land and~bnildtn e

2,891,082328, 190

(-)

Fixtures,fittings &

~eui ment

52,623

4,761(-)

Motorvehicles

15,450

Total

2,959,155328, 190

(-)

At 31 March 2018 3,219,272 57,384 15,450 3,292,106

DepreciationAt 1 April 2017Charge for the yearEliminated on disposal

At 31 March 2018

44, 1962,477

(-)

46,673

5,9812,563

(-)

8,544

50,1775,040

(-)

55,217

Net book valueAt 31 March 2018 3,219,272 10,711 6,906 3,236,889

At 31 March 2017 2,891,082 8,427 9,469 2,908,978

Page 13



12. Debtors2018 2017

Income Tax RecoverableOther DebtorsPrepayments and Accrued Income

14,89612,9112,602

17,32917,7303,997

30,409 39,056

13. Current asset investments

These comprise short term deposits.

14. Creditors: amounts falling due within one year2018 2017

Property LoansOther LoansAccruals

7,200

8,910

25,0002,2008,615

16,110 35,815

15. Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations

and grants held on trust for the specific purpose of meeting the costs of acquisition of land and buildings and other

capital expenditure:-

Movement in fundsBalance at Incoming Resources Balance at

~1A ril 2017 Resources ~Ex ended 31 March 2018

Building and capital expenditure fund 202,916

202,916

202,916

202,916

Page 14



16. Analysis of net assets between fundsUnrestricted

fundsRestricted

funds Total

Fund balances at 31 March 2018 are represented by:-

Tangible fixed assetsCurrent assetsCreditors: amounts falling due within one year

3,034)97573,343(16,110)

201)9141,002

3)236)88974,345(16,110)

3,092,208 202,916 3,295,124

Unrestrictedfunds

Restrictedfunds Total

Unrealised gains included above:On tangible fixed assets 2, 145,287

2, 145,287

2,145,287

2,145,287

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