## **CHRIST'S DISCIPLES MISSION INTERNATIONAL**
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
Registered Charity No. 1003536
**Charity No. 1003536**
**CHRIST'S DISCIPLES MISSION INTERNATIONAL**
## **Legal and Administrative information**
## **Trustees**
Mr Afolarin Abiona Mr Peter Olaniran Mr Kola Olanrewaju Mr Olayemi Onigbode Mrs Joy Oyesanya
## **General Superintendent**
Reverend, Dr. Olufemi Odubonojo
## **Principal Office**
Keir Hardie MC, Fife Road, Canning Town, London E16 1PA
## **Independent Examiners**
Greenwich Business Services 30 Eden Way, London E3 2JD
## **Bankers**
Barclays Bank PLC 93 Lewisham High Street, SE13 6BB
Lloyds TSB Bank Southampton Row, London WC1B 5HR
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**Charity No. 1003536**
**CHRIST'S DISCIPLES MISSION INTERNATIONAL**
**Report of the Trustees for the year ended 31 December 2020**
The trustees present their report along with the financial statements of the charity for the year ended 31 December 2020. The financial statements have been prepared in accordance with the accounting policies set out on pages 6 and 7 and comply with the charity’s trust deed and applicable law.
## **History**
The Charity was established under a deed of trust on 7th June 1991 and is registered with the Charity Commission, No. 1003536.
## **Constitution and Objects**
The object of the Charity is the advancement of the Christian faith by Evangelism and Teaching throughout the UK and elsewhere. We are committed to enabling as many people as possible to worship with us, we have an international presence.
When planning our activities for the year, the incumbent and CDMI have considered the Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. In particular, we try to enable people to live out their faith as part of our community through:
- ´ Worship and prayer; learning about the Gospel; and developing their knowledge and trust in Jesus.
- ´ Provision of pastoral care for members and the community.
- ´ Missionary and evangelism work
- ´ Youth and children teaching, care and outreach work.
## **Management and Governance Arrangements**
The trustees who have served during the year and since the year-end are set out on page 1. Trustees are appointed by the board of trustees and serve for five years after which period they may put themselves forward for reappointment. The trustees meet twice a year but there are subgroups, which include specialist co-optees, and which meet more frequently to assess the objectives and goals of the Charity. The Charity is managed by the trustees who are involved on a day to day basis with the affairs of the the charity.
## **Operations**
The Trustees and the Pastors ensure that the unadulterated word of God is preached to the local community and the world at large. The Charity has nine ministries namely - Teaching, Publicity & Protocol, Evangelism, Prayer, Music, Hospitality, Ushering, Children and Youth. There are five pastors supported by volunteers who assist in the propagation of the Gospel and the smooth running of the Charity.
During the period public meetings were organised and these meetings were addressed by renowned men of God from all over the world. The meetings, we believe touched the lives of those who attended.
The church has two branches in Ghana and Atlanta. Resident Pastors are appointed to develop our charity activities in both areas.
## **Financial Review**
The Charity is dependent on the Tithes, Offerings and Gifts of the members of the Church to help pay the costs of the running the Charity.
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**Charity No. 1003536**
**CHRIST'S DISCIPLES MISSION INTERNATIONAL**
## **Reserves Policy**
It is our policy to maintain a balance on unrestricted funds (if possible), which equates to at least three months unrestricted payments, equivalent to £36,672 which will provide adequate working capital for running the charity. The balance of £84,026 held of unrestricted funds, after designations, at the year end was above this target.
## **Volunteers**
The Charity is reliant on support of volunteer help for all its activities and the trustees have establsihed controls to enable them to ensure all relevant laws and regulations are abided by. We would like to thank all the volunteers who work so hard to make the charity and church the lively and vibrant community it is. We currently have over 80 volunteers that helped to achieve our goals and objectives in 2020.
## **Achievements and Performance**
## **General Conferences Held**
In the year under review, the church held an Annual Convention celebrating 31 years of existence and two Youth conferences, which were very successful.
## **Branches**
We operate from 5 branches located around London and Greater London.
## **Women Conference**
The women ministry arm of the church (Daughters of Zion) continues to thrive. We held an Annual Conference in July 2020, which was well attended.
## **Community Outreach**
We operate various community events via zoom and other social media due to the Covid-19. These are outreach events for empowerment.
## **Foreign Missions**
We had no foreign mission in 2020 due to the various lockdowns.
## **Bible Studies**
We run a weekly bible study using the Precept Upon Precept training manuals in via online platforms.
## **Ministries**
Currently due to the individual clusters some of the ministries are not very active due to their numbers, we still have the main ministries, which are ushering, music, publicity, finance, administration, pastoral, mission, and prayer currently active to carry out the primary and secondary functions of the church.
## **Financial Review**
The Statement of Financial Activities for the period is set out in the financial statements of this report. The Church has operated and continues to meet at various locations during the week and at weekends.
In the year, ended December 2020 income was £145,858 compared with £180,543 in the previous year. A decrease of 19% compared to previous year, included an income is the sum of £19,185 received as gift aid from HMRC. We encourage all those who support the work of the charity to continue to give so that we can meet our objectives.
------------------------------------
Mr Afolarin Abiona 18[th] October 2021 On Behalf of the Trustees
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**Charity No. 1003536**
**CHRIST'S DISCIPLES MISSION INTERNATIONAL**
## **Independent Examiner's Report to the Trustees of Christ's Disciples Mission International**
We report on the accounts of the Church for the year ended 31 December 2020, which are set out on pages 4 to 11.
## **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 not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is required.
It is my 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 my attention.
## **Basis of independent examiner's report**
Our examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes 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 from the trustees concerning 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 my examination, no matter has come to my attention:
1. which gives me reasonable cause to believe that in, any material respect, the requirements:
- to keep accounting records in accordance with section 130 of the Charities Act; and
- to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Charities Act have not been met; or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Greenwich Business Services 30 Eden Way London E3 2JD
20[th] October 2021
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**Charity No. 1003536**
**CHRIST'S DISCIPLES MISSION INTERNATIONAL**
## **Financial Statements for the Year Ended 31 December 2020**
||**Unrestricted**|**Restricted**|**2020**|**2019**|
|---|---|---|---|---|
||**Funds**|**Funds**|||
||**£**|**£**|**£**|**£**|
|**Incoming Resources**|||||
|Incoming Resources from Generating Funds|||||
|Voluntary Income||-|-|-|
|Investment Income||-|-|-|
|Income Resources from Charitable Activities|109,167|590|109,756|213,719|
|Other Incoming Resources|19,185|16,916|36,102|20,324|
|**_Total Incoming Resources_**|**128,352**|**17,506**|**145,858**|**234,043**|
|**Costs of Generating Funds**|||||
|Costs of generating voluntary income|-|-|-|-|
|Fundraising trading costs|-|-|-|-|
|Investment management costs|-|-|-|-|
|Charitable activities|(105,462)|- (105,172) (207,652)|- (105,172) (207,652)|- (105,172) (207,652)|
|Governance costs|(750)|-|(750)|(750)|
|Other Resources Expended|(14,480)|(16,916)|(31,396)|(9,930)|
|**_Total Resources Expended_**|**(120,692)**|**(16916) (137,318)**|**(16916) (137,318)**|**(218,332)**|
|**_Net income for the year_**|7,660|590|8,540|15,711|
|**Total funds brought forward**|76,366|164,425|240,791|225,080|
|**Funds balances carried forward**|**84,026**|**165,015**|**249,331**|**240,791**|
On Behalf of the Trustees
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-
---------------------------
Mr Afolarin Abiona
18 [th] October 2021
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**Charity No. 1003536**
**CHRIST'S DISCIPLES MISSION INTERNATIONAL**
**Accounting Statement – Balance Sheet: As at 31 December 2020**
|||**2020**|**2019**|
|---|---|---|---|
|||**_£_**|**_£_**|
||Notes|||
|**Fixed Assets**||||
|Musical Equipment||-|-|
|Media Equipment||8,897|2,260|
|Office Furniture||-|-|
|Office Equipment||-|-|
||2|8,897|2,260|
|Current Assets|3|241,006|239,183|
|Current Liabilities|4|(862)|(652)|
|Net Current Assets||240,144|238,531|
|Long Term Liabilities||-|-|
|**Net Assets Less Current Liabilities**||**249,041**|**240,791**|
|**_Funds of the Charity_**||||
|Unrestricted Funds||84,026|76,366|
|Restricted Funds||165,015|164,425|
|**Total Funds**||**249,041**|**240,791**|
The notes at pages 8 to 11 form part of these accounts.
On Behalf of the Trustees
* ------------------------------- **Mr Afolarin Abiona** 18[th] October 2021
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**Charity No. 1003536**
**CHRIST'S DISCIPLES MISSION INTERNATIONAL**
## **Notes to the Accounts for the year ended 31 December 2020**
## **1. Accounting Policies**
These accounts have been prepared in accordance with Financial Reporting Standard for Smaller Entities (FRSSE) and the Charities SORP.
## **Change in Basis**
There has been no change to the valuation rules and methods of accounting since last year.
## **Changes to previous accounts**
No changes have been made to accounts for previous years.
## **Trustees**
No remuneration or other benefits were paid to the charity’s trustees, or people connected with them, from the charity or any company connected with it.
## **Expenditure**
No amount was paid for the independent examiner’s remuneration. The examiner provided a “no fee” service due to the charitable status of the organisation.
## **Paid Employees**
||2020|2019|
|---|---|---|
|Total emoluments of employees|||
|(remuneration + benefits for tax purposes)|35,550|35,000|
|Average number of employees in the year|1|1|
## **Tangible fixed assets and depreciation**
Depreciation is provided on the Musical and Office Equipment, Office Furniture and the Motor Vehicle on a straight-line basis at the following rates based on the estimated useful life of these assets and their residual value:-
Musical Equipment 20% p.a. Office Furniture 10% p.a. Office Equipment 25% p.a. Media Equipment 25% p.a.
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**Charity No. 1003536**
**CHRIST'S DISCIPLES MISSION INTERNATIONAL**
## **2. Fixed Assets**
|**Cost:**
01/01/2020
Additions/Disposals
31/12/2020
**Depreciation:**
01/01/2019
For The Year
**NBV 31/12/2020**
NBV 31/12/2019
**3.**
**Current Assets**
**Cash at Bank:**
Current Account
Savings Account
Sundry Debtors|**Musical**
**Office**
**Equipmen**
**t**
**Equipment**
**£**
**£**
19,382
9,566
-
-|**Media**
**Equipmen**
**t**
**£**
3,327
9,603|**Office**
**Total**
**Furniture**
**£**
**£**
8,986
41,261
-|
|---|---|---|---|
||19,382
9,566
19,382
9,566
- -|12,930
1,067
2,966|8,986
50,864
8,986
39,001
-
2,966|
||19,382
9,566|4,033|8,986
41,967|
||**- _**|**8,897**|**-**
**8,897**|
|||||
||- -|**2,260**|-
**2,260**|
|||**2020**
**£**
59,455
141,707
201,162
39,844
241,006|**2019**
**£**
40,874
158,599
199,473
39,710
239,183|
Note: Balance of £141,707 in the savings account is held towards deposit for a property
## **4. Current Liabilities**
|Sundry Creditors
Payroll Liabilities|**2020**
**£**
-
(862)
(862)|**2019**
**£**
-
((652)|
|---|---|---|
|||**(652)**|
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**Charity No. 1003536**
**CHRIST'S DISCIPLES MISSION INTERNATIONAL**
## **Declarations to the Accounts for the year ended 31 December 2020**
## **Adequacy of assets to meet fund restrictions**
Sufficient resources are held in an appropriate form to enable each fund to be applied in accordance with the restrictions imposed.
## **Change in year end**
The length of the charity’s financial year end date did not change during the year.
## **Designated funds**
The charity does not have material designated funds.
## **Ex-gratia payments**
The charity did not make any material ex-gratia payments during the year.
## **Inter-fund loans**
There were no material inter-fund loans outstanding at the balance sheet date.
## **Large investments**
No investment forms more than 5% by value of the total portfolio.
## **Quoted investments**
The Charity did not invest in Quoted Investments during the year.
## **Revaluations**
The charity’s functional fixed assets have been revalued during the year. The accounts have reflected this change to show the current replacement cost of the assets in their current condition.
## **Summary income and expenditure account**
The trustees consider that there is no need to prepare a separate summary income and expenditure account.
## **Trustee Investments Act**
If the requirements of the Trustee Investments Act 1961 apply to the charity, those requirements have been complied with.
## **Uncapitalised fixed assets**
The charity has no material uncapitalised fixed assets.
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**Charity No. 1003536**
**CHRIST'S DISCIPLES MISSION INTERNATIONAL**
## **Cash donations and gifts**
These are included in the Statement of Financial Activities (SOFA) when
- The charity is told it is to receive the gift or donation;
- The trustees are reasonably certain of the amount to be received;
- The trustees are reasonably certain they will receive the money; and any conditions for receipt are met.
## **Cash from fund-raising**
This is reported gross in the SOFA.
## **Gifts in kind for sale or distribution**
These are included in the accounts as gifts only when sold or distributed by the charity.
## **Gifts in kind for use by the charity**
These are included in the SOFA as incoming resources when receivable.
## **Intangible income (e.g. donated facilities)**
This is only included in incoming resources (with an equivalent amount in expenditure) if the charity would have had to purchase the resources and the amount is material.
## **Legacies**
The Charity has no legacies bestowed on it.
## **Tax reclaims**
These are accrued in the SOFA.
## **Valuation of gifts in kind**
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised.
## **Voluntary help**
Voluntary help is not included in the accounts but is described in the trustees’ annual report.
## **Donated assets**
These are capitalised at a reasonable value on receipt and depreciated.
## **Investment property valuation**
There are no investment properties.
## **Investment assets (not properties)**
There are no investment assets.
## **Quoted stocks and shares**
There are no quoted investments.
## **Tangible fixed assets for use by charity**
These are capitalised if they can be used for more than one year, and cost at least £250. They are valued at cost or a reasonable value on receipt.
## **Investment income**
There are no investment income, except bank interest.
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