Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 true No description of principal activity 1 April 2023 31 March 2024 31 March 2024 07181326 Rt Rev Sheila Douglas Rt Rev Collin Maloney Rt Rev Francis Sarpong Rt Rev Michael Boatey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07181326 2023-03-31 07181326 2024-03-31 07181326 2023-04-01 2024-03-31 07181326 frs-core:FurnitureFittings 2024-03-31 07181326 frs-core:FurnitureFittings 2023-04-01 2024-03-31 07181326 frs-core:FurnitureFittings 2023-03-31 07181326 frs-core:MotorVehicles 2024-03-31 07181326 frs-core:MotorVehicles 2023-04-01 2024-03-31 07181326 frs-core:MotorVehicles 2023-03-31 07181326 frs-core:OtherReservesSubtotal 2024-03-31 07181326 frs-core:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 07181326 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 07181326 frs-bus:CompanyLimitedByGuarantee 2023-04-01 2024-03-31 07181326 frs-bus:FullAccounts 2023-04-01 2024-03-31 07181326 frs-bus:SmallEntities 2023-04-01 2024-03-31 07181326 frs-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 07181326 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07181326 frs-bus:SmallCompaniesRegimeForDirectorsReport 2023-04-01 2024-03-31 07181326 frs-bus:Director1 2023-04-01 2024-03-31 07181326 frs-bus:Director2 2023-04-01 2024-03-31 07181326 frs-bus:Director3 2023-04-01 2024-03-31 07181326 frs-bus:Director3 2024-03-31 07181326 frs-bus:Director4 2023-04-01 2024-03-31 07181326 frs-bus:Director4 2024-03-31 07181326 frs-countries:EnglandWales 2023-04-01 2024-03-31 07181326 2022-03-31 07181326 2023-03-31 07181326 2022-04-01 2023-03-31 07181326 frs-core:OtherReservesSubtotal 2022-03-31 07181326 frs-core:OtherReservesSubtotal 2023-03-31 07181326 frs-core:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 07181326 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2022-03-31 07181326 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 07181326
International Ministerial Council Of Great Britain
Directors' Report and
Unaudited Financial Statements
For The Year Ended 31 March 2024
AWS Accountants (London) LLP
Contents
Page
Company Information 1
Directors' Report 2—3
Accountant's Report 4
Income and Expenditure Account 5
Balance Sheet 6
Statement of Changes in Equity 7
Notes to the Financial Statements 8—9
Page 1
Company Information
Directors Rt Rev Sheila Douglas
Rt Rev Collin Maloney
Rt Rev Francis Sarpong
Rt Rev Michael Boatey
Company Number 07181326
Registered Office 16 Millbank
Leighton Buzzard
LU7 1AS
Accountants AWS Accountants (London) LLP
Riviera Court
17 Hall Lane
Upminster
RM14 1AF
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Directors' Report
The directors present their report and the financial statements for the year ended 31 March 2024.
Review of the Business
Going Concern
The directors have carefully considered the Company’s financial position, including cash flow forecasts and funding requirements for the foreseeable future. A significant factor in this assessment is the Company’s reliance on the ongoing financial support of one of its directors, Rt Rev Sheila Douglas.
Rt Rev Sheila Douglas has been crucial in providing the financial support necessary for the Company to meet its obligations as they fall due. Although she has not provided a separate written confirmation of this support, she has indicated her intention to continue supporting the Company in her capacity as both a director and a trustee.
The directors, having discussed this with Rt Rev Sheila Douglas, believe that the Company has adequate resources to continue operating for the foreseeable future. Therefore, they have adopted the going concern basis in preparing the financial statements.
However, the directors acknowledge that if this support were to be withdrawn, it would cast significant doubt on the Company’s ability to continue as a going concern. No adjustments have been made in the financial statements relating to this uncertainty.
Directors
The directors who held office during the year were as follows:
Rt Rev Sheila Douglas
Rt Rev Collin Maloney
Rt Rev Francis Sarpong Appointed 15/05/2023
Rt Rev Michael Boatey Appointed 04/12/2023
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing the financial statements the directors are required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Rt Rev Sheila Douglas
Director
20/09/2024
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Accountant's Report
Independent examiner’s report to the trustees of International Ministerial Council of Great Britain (‘the Company’)
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. 
Responsibilities and basis of report 
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).  
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner’s statement 
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 
  • accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 
  • the accounts do not accord with those records; or 
  • the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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 considered the charity’s going concern disclosure, which outlines the Company's reliance on the continued financial support of one of its directors, Rt Rev Sheila Douglas, who is also a trustee. Although Rt Rev Sheila Douglas has not provided a separate written confirmation of this support, she has indicated her intention to continue supporting the Company in her capacity as a director and trustee. The Directors have therefore concluded that it is appropriate to prepare the financial statements on a going concern basis.
My examination was conducted on the basis that the charity’s Directors, including Rt Rev Sheila Douglas, have made appropriate assessments and have sufficient evidence to support the going concern assumption.
I have no other 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. 
Signed
Adrian Suckling (ICAEW)
20/09/2024
AWS Accountants (London) LLP
Riviera Court
17 Hall Lane
Upminster
RM14 1AF
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Income and Expenditure Account
2024 2023
as restated
Notes £ £
TURNOVER 12,921 8,693
GROSS SURPLUS 12,921 8,693
Administrative expenses (12,633 ) (13,528 )
OPERATING SURPLUS/(DEFICIT) 288 (4,835 )
Other interest receivable and similar income 122 27
SURPLUS/(DEFICIT) FOR THE FINANCIAL YEAR 410 (4,808 )
The notes on pages 8 to 9 form part of these financial statements.
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Balance Sheet
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 428 535
428 535
CURRENT ASSETS
Cash at bank and in hand 7,304 7,692
7,304 7,692
Creditors: Amounts Falling Due Within One Year 5 (990 ) (1,895 )
NET CURRENT ASSETS (LIABILITIES) 6,314 5,797
TOTAL ASSETS LESS CURRENT LIABILITIES 6,742 6,332
NET ASSETS 6,742 6,332
RESERVES
Capital reserve 14,507 14,507
Income and Expenditure Account (7,765 ) (8,175 )
MEMBERS' FUNDS 6,742 6,332
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
Rt Rev Sheila Douglas
Director
20/09/2024
The notes on pages 8 to 9 form part of these financial statements.
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Statement of Changes in Equity
Capital reserve Income and Expenditure Account Total
£ £ £
As at 1 April 2022 14,507 (3,367 ) 11,140
Loss for the year and total comprehensive income - (4,808 ) (4,808)
As at 31 March 2023 and 1 April 2023 as restated 14,507 (8,175 ) 6,332
Profit for the year and total comprehensive income - 410 410
As at 31 March 2024 14,507 (7,765 ) 6,742
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Notes to the Financial Statements
1. General Information
International Ministerial Council Of Great Britain is a private company, limited by guarantee, incorporated in England & Wales, registered number 07181326 . The registered office is 16 Millbank, Leighton Buzzard, LU7 1AS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
Restatement of balance sheet at 1 April 2022
Books previously classified as stock have been reclassified as fixed assets. These books are used in the continuing activities of the Company rather than being items that were held for trading activities.  The accounts have been restated to reflect these books categorised under 'Library Assets'. The books were initially purchased at £7,210 and are depreciated using a 20% reducing balance method. As of 1 April 2022, accumulated depreciation amounted to £6,956, resulting in a net book value of £254.
Impact of prior year adjustment: The prior year comparatives have been adjusted to reflect the reclassification of £7,200 from stock to fixed assets and the recognition of accumulated depreciation of £6,956 as at 1 April 2022 and £7,007 as at 31 March 2023. Depreciation on library assets has increased by £51 and cost of sales has decreased by £10.  This adjustment means that the financial statements accurately present the asset value and accumulated depreciation as of 1 April 2022 and 31 March 2023. 
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Library assets 20% reducing balance
Fixtures & Fittings 20% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: NIL)
1 -
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4. Tangible Assets
Library assets Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2023 7,210 3,458 10,668
As at 31 March 2024 7,210 3,458 10,668
Depreciation
As at 1 April 2023 7,007 3,126 10,133
Provided during the period 41 66 107
As at 31 March 2024 7,048 3,192 10,240
Net Book Value
As at 31 March 2024 162 266 428
As at 1 April 2023 203 332 535
5. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Other creditors 990 1,895
6. Related Party Transactions
Donations from Rt. Rvd Sheila Douglas £4,425 (2023: £1,359)
7. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
8. Going Concern
The trustees, who are also the directors of the Company, have assessed the Company's ability to continue as a going concern. This assessment considered the Company's financial position, cash flow forecasts, and funding requirements for the next 12 months.
A key factor in the Company’s ability to continue its operations is its reliance on one of its directors, Rt Rev Sheila Douglas. Rt Rev Sheila Douglas has been instrumental in providing financial support that has been crucial for the Company to meet its obligations as they fall due.
Although Rt Rev Sheila Douglas has not provided a separate written confirmation of continued financial support, she is actively involved in the governance of the Company and fully aware of its financial position and needs. As a trustee and director, Rt Rev Sheila Douglas has indicated her intention to continue supporting the charity.
Based on this understanding, the trustees (including Rt Rev Sheila Douglas) believe that the Company has adequate resources to continue in operational existence for the foreseeable future. Consequently, they have adopted the going concern basis in preparing the financial statements.
However, the trustees acknowledge that if Rt Rev Sheila Douglas's support were to be withdrawn, this would cast significant doubt on the Company's ability to continue as a going concern. The financial statements do not include any adjustments that would be necessary should the Company be unable to continue as a going concern.
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