Marvellous Light Ministries International
Registered number: 06302788
Statement of Financial Position
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 1,071 332
Current assets
Debtors 5 502 930
Cash at bank and in hand 77,742 63,907
78,244 64,837
Creditors: amounts falling due within one year 6 (1,200) (1,200)
Net current assets 77,044 63,637
Net assets 78,115 63,969
Funds of the charity
Unrestricted funds 78,115 63,969
Total charity funds 78,115 63,969
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Archbishop M S Wilson
Director
Approved by the board on 16 November 2023
Marvellous Light Ministries International
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
Income
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment - 33% straight-line
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
The charity is non-trading and as such is exempt from corporation tax on its income from chartitable activities.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Government grants
The company has received government grants under the coronavirus job retention scheme. These grants are shown in the profit and loss for the period in which the related salary expenditure was incurred.

2023 2022
£ £
Grants received under the covid job retention scheme - 1,960
4 Tangible fixed assets
Equipment
£
Cost
At 1 August 2022 8,385
Additions 1,607
At 31 July 2023 9,992
Depreciation
At 1 August 2022 8,053
Charge for the year 868
At 31 July 2023 8,921
Net book value
At 31 July 2023 1,071
At 31 July 2022 332
5 Debtors 2023 2022
£ £
Other debtors 502 930
6 Creditors: amounts falling due within one year 2023 2022
£ £
Accruals 1,200 1,200
7 Other information
Marvellous Light Ministries International is a private company limited by guarantee and incorporated in England. Its registered office is:
71-75 Shelton Street
Covent Garden
London
United Kingdom
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