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2021-12-31-accounts

CHRIST'S DISCIPLES MISSION INTERNATIONAL

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

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 2021

The trustees present their report along with the financial statements of the charity for the year ended 31 December 2021. 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:

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 of unrestricted payments, equivalent to £36,672, which will provide adequate working capital for running the charity. The balance of £ 83,857 held of unrestricted funds, after designations, at the year's end was above this target.

Government Coronavirus Job Retention Scheme:

The Charity relied upon the Government Coronavirus Job Retention Scheme (also known as the furlough scheme), meaning that it has received grants of up to 80% or £2,500 a month for employees’ wages. Grant money received from the Government was £22,170 (Face of the SOFA). The income from the retention scheme is accounted for gross under charitable activity income as a separate line and is not netted against expenditure. It is not included as restricted funds as the funds are not received with restrictions on the charitable purposes for which they can be spent. The charity’s staff can be paid to perform any role. The SORP is clear that of itself a condition cannot create a restriction as to charitable purpose (SORP module 5 paragraphs 5.6 and 5.7). As the scheme is designed to compensate for staff costs, the amounts received are recognised in the SOFA over the same period as the costs to which they relate.

Volunteers

The Charity is reliant on the support of volunteer help for all its activities, and the trustees have established controls to enable them to ensure all relevant laws and regulations are abided by. We thank all the volunteers working hard to make the charity and church a lively and vibrant community. We currently have over 80 volunteers who helped achieve our goals and objectives in 2021.

Achievements and Performance

General Conferences Held

In the year under review, the church held an Annual Convention celebrating 32 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 2021, 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.

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Charity No. 1003536

CHRIST'S DISCIPLES MISSION INTERNATIONAL

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 2021 income was £ 189,111 compared with £145,858 in the previous year. An increase of 23% compared to previous year, included an income is the sum of £19,156 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 2022 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 2021, 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:

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 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:

  2. to keep accounting records following section 130 of the Charities Act; and

  3. 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

  4. 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 2022

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Charity No. 1003536

CHRIST'S DISCIPLES MISSION INTERNATIONAL

Financial Statements for the Year Ended 31 December 2021

Incoming Resources
Incoming Resources from Generating Funds
Voluntary Income
Investment Income
Coronavirus Job Retention Scheme
Income Resources from Charitable Activities
Other Incoming Resources
Total Incoming Resources
Costs of Generating Funds
Costs of generating voluntary income
Fundraising trading costs
Investment management costs
Charitable activities
Governance costs
Other Resources Expended
Total Resources Expended
Net income for the year
Total funds brought forward
Funds balances carried forward		 Unrestricted
Restricted
2021
2020
Funds
Funds
£
£
£
£
-
-
-
-
-
-
-
-
22,170
-
22,170
16,916
115,020
32,765
147,785
109,756
19,156
-
19,156
19,185
156,346
32,765
189,111
145,858
-
-
-
-
-
-
-
-
-
-
-
-
(133,257)
(51,630) (184,887)
(105,172)
(750)
-
(750)
(750)
(22,170)
-
(22,170)
(31,396)
(156,177)
(51,630) (207,807)
(137,318)
169
(18.865)
(18,696)
8,540
84,026
165,015
249,041
240,791
84,195
146,150
230,345
249,331

On Behalf of the Trustees

--------------------------- Mr Afolarin Abiona October 2022

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Charity No. 1003536

CHRIST'S DISCIPLES MISSION INTERNATIONAL

Accounting Statement – Balance Sheet: As at 31 December 2021

Notes
Fixed Assets
Musical Equipment
Media Equipment
Office Furniture
Office Equipment
2
Current Assets
3
Current Liabilities
4
Net Current Assets
Long Term Liabilities
Net Assets Less Current Liabilities
Funds of the Charity
Unrestricted Funds
Restricted Funds
Total Funds		 2021
£
163
11,164
-
-
11,327
225,051
(6,033)
230,345
-
230,345
84,195
146,150
230,345		 2020
£
-
8897
-
-
8,897
241,006
(862)
240144
-
249,041
84,026
165,015
249,041

The notes at pages 8 to 11 form part of these accounts.

On Behalf of the Trustees

------------------------------- Mr Afolarin Abiona October 2022

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Charity No. 1003536

CHRIST'S DISCIPLES MISSION INTERNATIONAL

Notes to the Accounts for the year ended 31 December 2021

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

2021 2020
Total emoluments of employees
(remuneration + benefits for tax purposes) 35,750 35,550
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:
01/01/2021
Additions/Disposals
31/12/2021
Depreciation:
01/01/2020
For The Year
NBV 31/12/2021
NBV 31/12/2020
3.
Current Assets
Cash at Bank:
Current Account
Savings Account
Sundry Debtors		 Musical
Office

Equipmen
t
Equipment
£
£
19,382
9,566
204
-		 Media
Equipmen
t
£
12,930
 Office
Total
Furniture
£
£
8,986
50,864
-
204
19,586
9,566
19,382
9,566
41-		 12,930
4,033
3,233		 8,986
51,068
8,986
41,967
-
3,274
19,423
9,566		 7,266 8,986
45,241
163 _ 5,664 -
5,827
- - 8,897 -
8,897
2021
£
29,860
146,150
176,010
49,041

225,051		 2020
£
59,455
141,707
201,162
39,844
241,006

Note: Balance of £146,150 in the savings account is held towards deposit for a property

4. Current Liabilities

Sundry Creditors
Payroll Liabilities		 2021
£
-
(6,033)
(6,033)		 2020
£
-
((862)
(862)

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Charity No. 1003536

CHRIST'S DISCIPLES MISSION INTERNATIONAL

Declarations to the Accounts for the year ended 31 December 2021

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 the 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

Accounting Policies for the year ended 31 December 2021

Cash donations and gifts

These are included in the Statement of Financial Activities (SOFA) when

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 the 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 is no investment income, except bank interest.

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