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2022-12-31-accounts

CHRIST'S DISCIPLES MISSION INTERNATIONAL

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

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 2022

The trustees present their report along with the financial statements of the charity for the year ended 31 December 2022. 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 and 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 daily basis with the affairs of 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: Teaching, Publicity and 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 and women of God from all over the world. The meetings touched the lives of those who attended.

Financial Review

The Charity depends on the Tithes, Offerings and Gifts of the members of the Church to help pay the costs of running the Charity.

Reserves Policy

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CHRIST'S DISCIPLES MISSION INTERNATIONAL

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 £ 85,817 held of unrestricted funds, after designations, at the year's end was above this target.

Volunteers

The Charity relies on the support of volunteer help for all its activities, and the trustees have established controls 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 65 volunteers who helped achieve our goals and objectives in 2022.

Achievements and Performance

General Conferences Held

In the year under review, the church held an Annual Convention celebrating 33 years of existence and two Youth conferences, which were very successful.

Branches

We operate from 3 branches located around London and Greater London. We have 2 branches outside the United Kingdom in the United States of America and Ghana.

Women Conference

The women ministry arm of the church (Daughters of Zion) continues to thrive. We held an Annual Conference in July 2022, which was well attended.

Community Outreach

We operate various community events via zoom and in areas where we have branches. These are outreach events for empowerment.

Foreign Missions

We were involved in foreign missions in Ghana, Maryland, Atlanta, South Africa and Nigeria.

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 2022, income was £ 159,852 compared with £189,111 in the previous year. A fall of 15% compared to the previous year, included an income is the sum of £22,040.81 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 28[th] October 2023 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 2022, 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 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:

  2. to keep accounting records in accordance with 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, 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

30[th] October 2023

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Charity No. 1003536

CHRIST'S DISCIPLES MISSION INTERNATIONAL

Financial Statements for the Year Ended 31 December 2022

Incoming Resources
Incoming Resources from Generating Funds
Voluntary 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
2022
2021
Funds
Funds
£
£
£
£
-
-
-
-
-
-
-
22,170
134,902
2,909
137,811
147,785
22,041
-
22,041
19,156
156,943
2,909
159,852
189,111
-
-
-
-
-
-
-
-
-
-
-
-
(142,667)
- (142,667) (184,8870)
(750)
-
(750)
(750)
(11,904)
-
(11,904)
(22,170)
(155,321)
- (155,321)
(137,318)
1,622
2.909
4,531
(18,696)
84,195
146,150
230,345
249,041
85,817
149,059
234,876
230,345

On behalf of the Trustees

--------------------------- Mr Afolarin Abiona 28[th] October 2023

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Charity No. 1003536

CHRIST'S DISCIPLES MISSION INTERNATIONAL

Accounting Statement – Balance Sheet: As at 31 December 2022

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		 2022
£
10,130
7,144
-
-
17,274
228,047
(10,445)
217,602
-
234,876
85,817
149,059
234,876		 2021
£
163
11,164
-
-
11,327
225,051
(6,033)
230,345
-
230,345
84,195
146,150
230,345

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

On Behalf of the Trustees

Mr Afolarin Abiona 28 October 2023

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Charity No. 1003536

CHRIST'S DISCIPLES MISSION INTERNATIONAL

Notes to the Accounts for the year ended 31 December 2022

1. Accounting Policies

These accounts have been prepared in accordance with the 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 organisation's charitable status.

Paid Employees

2022 2021
Total emoluments of employees
(remuneration + benefits for tax purposes) 35,750 35,750
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:
01/01/2022
Additions/Disposals
31/12/2022
Depreciation:
01/01/2021
For The Year
NBV 31/12/2022
NBV 31/12/2021		 Musical
Office
Media
Office
Total
Equipmen
t
Equipment
Equipmen
t
Furniture
£
£
£
£
£
19,586
9,566
12,930
8,986
51,068
12,500
-
3,862 -
16,362
32,086
9,566
16,792
8,986
67,430
19,423
9,566
7,266
8,986
45,241
2,533-
2,382
-
4,915
21,956
9,566
9,648
8,986
50,156
10,130 _
7,144
-
17,274
163-
5,664
-
5,827

3. Current Assets

Cash at Bank:
Current Account
Savings Account
Sundry Debtors		 2022
£
12,962
149.059
162,021
66,026

228,047		 2021
£
29,860
146,150
176,010
49,041
225,051

Note: Balance of £149,059 in the savings account is held towards deposit for a property

4. Current Liabilities

Sundry Creditors
Payroll Liabilities		 2022
£
-
(10,445)
(10,445)		 2021
£
-
(6,033)
(6,033)

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Charity No. 1003536

CHRIST'S DISCIPLES MISSION INTERNATIONAL

Declarations to the Accounts for the year ended 31 December 2022

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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CHRIST'S DISCIPLES MISSION INTERNATIONAL

Accounting Policies for the year ended 31 December

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 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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