| Marvellous Light Ministries International |
| Registered number: |
06302788 |
| Statement of Financial Position |
| as at 31 July 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
899 |
|
|
535 |
|
| Current assets |
| Debtors |
4 |
|
719 |
|
|
823 |
| Cash at bank and in hand |
|
|
65,203 |
|
|
78,787 |
|
|
|
65,922 |
|
|
79,610 |
|
| Creditors: amounts falling due within one year |
5 |
|
(1,260) |
|
|
(1,200) |
|
| Net current assets |
|
|
|
64,662 |
|
|
78,410 |
|
| Net assets |
|
|
|
65,561 |
|
|
78,945 |
|
|
|
|
|
|
|
|
| Funds of the charity |
| Unrestricted funds |
65,561 |
|
|
78,945 |
|
| Total charity funds |
65,561 |
|
|
78,945 |
|
|
|
|
|
|
|
|
| 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 5 October 2025 |
|
| Marvellous Light Ministries International |
| Notes to the Accounts |
| for the year ended 31 July 2025 |
|
|
| 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 |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
3 |
|
3 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Equipment |
| £ |
|
Cost |
|
At 1 August 2024 |
9,942 |
|
Additions |
1,349 |
|
At 31 July 2025 |
11,291 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 August 2024 |
9,407 |
|
Charge for the year |
985 |
|
At 31 July 2025 |
10,392 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2025 |
899 |
|
At 31 July 2024 |
535 |
|
|
|
|
|
|
|
|
|
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other debtors |
719 |
|
823 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Accruals |
1,260 |
|
1,200 |
|
|
|
|
|
|
|
|
|
|
| 6 |
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 |