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2023-12-31-accounts

CHRIST PEOPLE'S MINISTRIES INTERNATIONAL

Charity No. 1048371

Trustees' Report and Unaudited Accounts

31 December 2023

CHRIST PEOPLE'S MINISTRIES INTERNATIONAL Contents

Pages
Trustees' Annual Report 2 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Summary Income and Expenditure Account 8
Balance Sheet 9
Notes to the Accounts 10 to 15

Page 1

CHRIST PEOPLE'S MINISTRIES INTERNATIONAL Trustees Annual Report

The trustees present their report with the unaudited financial statements of the charity for the year ended 31 December 2023.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1048371

Registered Office

1-6 Parchmore Place Thornton Heath SURREY CR7 8LX

Trustees

The following Trustees served during the year: Belinda Akinbode Secretary Esther Opoku Treasurer Pastor Mrs M Immanuel Pastor Ovie Immanuel

Accountants

360 Accounting Services Ltd 27 Old Gloucester Street London WC1N 3AX

Bankers

Lloyds Bank Pic 69-73 Borough High Street LONDON SE4 2PD

Bankers

Barclays Bank Pic LEICESTERSHIRE LE87 2BB

Bankers

Metro Bank One Southampton Row London WC1B 5HA

Page 2

CHRIST PEOPLE'S MINISTRIES INTERNATIONAL Trustees Annual Report

OBJECTIVES AND ACTIVITIES

Pastoral Care - The Trustees are committed to carrying out a pastoral needs analysis with a view to identify individuals who are in hardship and in need of pastoral care. The Charity responds by providing financial help, prayers and counselling. Such assistance is offered without any discrimination or prejudice.

Spirituality - This is provided in the Christian context through Prayers, Worship and the study of the Scripture. The Church provides an environment for parishioners to develop their faith and trust in Jesus Christ.

Educational/Training - In line with its charitable objects, the Trustees arrange weekly services in local communities for people of different persuasions, classes, cultures and race to learn about the Christian Faith.

ACHIEVEMENTS AND PERFORMANCE

The following below is a summary of key achievements and performance this year

  1. The Church has continued its commitment to supporting families in need in the community by providing spiritual and practical support.

Spiritual – Members of the community are able to call a dedicated phone line to access emotional support, advise and prayers.

Practical – The church continues to provide a Food Bank Service to support families in need with perishable and non-perishable food. This year recognised a demand for nappies, baby food, baby formula and hygiene products, so we ensure to be well stocked in these areas.

The church has also signed up to FareShare and well-known supermarkets in the Croydon area, who provide free food to agencies to support families in need. This has also contributed to maintaining the church Foodbank. Families can attend the church any weekday to collect food parcels between 10-5pm.

Agencies have continued to signpost vulnerable families to the church for support

Some of the families we support have gone on to attend church services, and events held at the church.

  1. CPMI Youth ministry continues to grow and has become more vibrant over the years. We have maintained the two age groups aged 11-14 and aged 15-18. This ensures that teachings and activities are tailored appropriately to the relevant age groups. The Youth Ministry Service takes place during the main service in the upper section of the church. We continue to hold prayer sessions on Saturday evenings where the youth are encouraged to share their concerns and pray about them. During term times and holidays, we have gone on outings and various events to promote socialisation outside the church.

  2. The church’s younger children (under 11’s) continue to grow and developmental / teaching plans aimed at the different spectrum of age groups continues to be positive and successful. The ministry also offers various age-related activities and social outings.

  3. The church continues to run a weekly bible study in the evenings. This is an opportunity for existing church members and locals in the community to fully explore and ask in depth questions about the bible. The sessions are led by ministers who are members and teachers within the church.

Page 3

CHRIST PEOPLE'S MINISTRIES INTERNATIONAL

Trustees Annual Report

  1. The senior and associate pastor continues to carry out regular counselling by phone to families who have reached out for emotional support. Non-church members can also access this service.

  2. The Men and Women Ministries continue to meet via online platforms to fellowship, pray share experiences, encourage and build up one another. This year both the Men and Women’s Ministry went on a retreat for a time of prayer, worship and fellowship.

  3. The musicians and instrumentalist in the church continue to provide classes for anyone wanting to learn or perfect their skills on various instruments. The classes also includes opportunities for children wanting to sing in the choir.

  4. For the fifth year running the church has facilitated the Men’s Breakfast gathering which runs every two months. The purpose is for the men in the church and in the community to fellowship, pray and share life experiences to encourage and build up one another.

  5. The Nursery facilities located on the church premises, has now been renovated and redesigned following the vacation of the previous lease-holders. The church has commenced discussions to offer the premises to a new Nursery which will be a not-for-profit/charitable organisation. This will help to maintain congruence with one of the core missions of the church: to meet the needs of the underprivileged in our community. It will be established as a Christian Day Nursery school however, it will aim to cater indiscriminately to the needs of children in the community regardless of their beliefs or background.

FINANCIAL REVIEW

The income of the Church is derived predominantly from donations by the members. Total receipts on unrestricted funds amounted to £285,311 (2022:£257,021)

PLANS FOR FUTURE PERIODS

  1. Christmas hamper giveaways to the homeless with the community.

2.Men's retreat similar to that of the women' s.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The governing document consists of a constitution adopted on 2nd July 1995 and registered by the Charity Commission.

The Trustees have the responsibility of running the Charity and promoting its values in line with its Charitable Objects, which are as follows:

The advancement of the Christian Faith primary in Thornton Heath, Borough of Croydon and also throughout United Kingdom and the rest of the World. This will be done by all means consistent with the teaching and support of individuals, agencies and other charitable organisations involved in

Community development and Christian Missionary work towards the relief of poverty, emotional and other social needs.

Trustees are nominated by the church elders. In appointing trustees consideration is given to individuals who have adequate experience in running organised youth groups, training and education and community outreach.

Page 4

CHRIST PEOPLE'S MINISTRIES INTERNATIONAL Trustees Annual Report

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Signed on behalf of the Trustees

Belinda Akinbode Trustee 10 February 2025

Page 5

CHRIST PEOPLE'S MINISTRIES INTERNATIONAL

Independent Examiners Report

Independent Examiner's Report to the trustees of CHRIST PEOPLE'S MINISTRIES INTERNATIONAL

I report to the charity trustees on my examination of the financial statements of CHRIST PEOPLE'S MINISTRIES INTERNATIONAL for the year ended 31 December 2023.

Responsibilities and basis of report

As the charity's trustees of the company you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 'the 2006 Act.

Having satisfied myself that the financial statements of the Charity 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 financial statements 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

As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of , which is one of the listed bodies.

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:

I have no 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 financial statements to be reached.

Dawnette Allen BA (Hons) FCCA 360 Accounting Services Ltd 27 Old Gloucester Street London WC1N 3AX 10 February 2025

Page 6

CHRIST PEOPLE'S MINISTRIES INTERNATIONAL Statement of Financial Activities

for the year ended 31 December 2023

Notes
Income and endowments
from:
Donations and legacies
2
Other trading activities
3
Investments
4
Total
Expenditure on:
Charitable activities
5
Costs of raising donations
and legacies
6
Total
Net gains on investments
Net expenditure
7
Transfers between funds
Net expenditure before other
gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
Total funds
2023
2023
£
£
268,233
268,233
17,078
17,078
520
520		 Total funds
2022
£
239,770
17,159
92
285,831
285,831
60,403
60,403
231,889
231,889		 257,021
72,890
189,654
292,292
292,292
-
-		 262,544
-
(6,461)
(6,461)
-
-		 (5,523)
-
(6 461)
(6 461)		 (5 523)
(6,461)
(6,461)
718,839
718,839		 (5,523)
724,362
712,378
712,378		 718,839

Page 7

CHRIST PEOPLE'S MINISTRIES INTERNATIONAL Summary Income and Expenditure Account

for the year ended 31 December 2023

Income
Interest and investment income
Gross income for the year
Expenditure
Interest payable
Depreciation and charges for
impairment of fixed assets
Total expenditure for the year
Net expenditure before tax for the year
Net expenditure for the year		 2023
£
285,311
520
285,831
202,878
49,165
40,249
292,292
(6,461)
(6,461)		 2022
£
256,929
92
257,021
199,389
30,752
32,403
262,544
(5,523)
(5,523)

Page 8

CHRIST PEOPLE'S MINISTRIES INTERNATIONAL

Balance Sheet

at 31 December 2023

Notes 2023 2022
£ £
Fixed assets
Tangible assets 9 1,160,633 1,188,882
1,160,633 1,188,882
Current assets
Debtors 10 89,613 92,246
Cash at bank and in hand 50,597 57,851
140,210 150,097
Creditors:Amount falling due within one year 11 (2,908) (6,577)
Net current assets 137,302 143,520
Total assets less current liabilities 1,297,935 1,332,402
Creditors:Amounts falling due after more than one year 12 (585,557) (613,563)
Net assets excluding pension asset or liability 712,378 718,839
Total net assets 712,378 718,839
The funds of the charity
Restricted funds 13
Unrestricted funds 13
General funds 712,378 718,839
712,378 718,839
Reserves 13
Total funds 712,378 718,839

These financial statements were approved by the board of trustees and authorised for issue on 15 January 2025, and are signed on behalf of the Trustees by: Belinda Akinbode : Trustee 10 February 2025

Page 9

CHRIST PEOPLE'S MINISTRIES INTERNATIONAL Notes to the Accounts

for the year ended 31 December 2023

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 10

CHRIST PEOPLE'S MINISTRIES INTERNATIONAL Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT expenditure which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Freehold property 2% Straight line Fixtures and fittings 18% reducing balance

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Page 11

CHRIST PEOPLE'S MINISTRIES INTERNATIONAL

Notes to the Accounts

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Income from donations and legacies
Donations
Give As You Earn
Tax Gift Aid Claim
3
Income from other trading activities
Rental income
4
Income from investments
Bank interest receivable
5
Expenditure on raising funds
Expenditure on charitable
activities
Charitable Activities		 Unrestricted
£
196,307
31,692
40,234
268,233
Unrestricted
£
17,078
17,078
Unrestricted
£
520
520
Unrestricted
£
60,403
60,403		 Total
2023
£
196,307
31,692
40,234
268,233
Total
2023
£
17,078
17,078
Total
2023
£
520
520
Total
2023
£
60,403
60,403		 Total
2022
£
157,133
45,793
36,844
239,770
Total
2022
£
17,159
17,159
Total
2022
£
92
92
Total
2022
£
72,890
72,890

Page 12

CHRIST PEOPLE'S MINISTRIES INTERNATIONAL

Notes to the Accounts

6 Other expenditure

Bank loan and overdraft
interest payable
Employee costs
Motor and travel costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs
7
Net expenditure before transfers
This is stated after charging:
Depreciation of owned fixed assets
8
Staff costs
Salaries and wages
Pension costs		 Unrestricted
£
49,165
60,793
9,329
31,012
40,249
27,004
14,337
231,889
2023
£
(6,461)
2023
£
40,249
2023
57,214
3,579
60,793		 Total
2023
£
49,165
60,793
9,329
31,012
40,249
27,004
14,337
231,889		 Total
2022
£
30,752
61,705
13,609
26,280
32,403
18,129
6,776
189,654
2022
£
(5,523)
2022
£
32,403
2022
58,518
3,187
61,705

No employee received emoluments in excess of £60,000.

Page 13

CHRIST PEOPLE'S MINISTRIES INTERNATIONAL

Notes to the Accounts

9 Tangible fixed assets

Cost or revaluation
At 1 January 2023
Additions
At 31 December 2023
Depreciation and
impairment
At 1 January 2023
Depreciation charge for the
year
At 31 December 2023
Net book values
At 31 December 2023
At 31 December 2022
10Debtors
Other debtors
11Creditors:
amounts falling due within one year
Other creditors
Accruals
12Creditors:
amounts falling due after more than one year
Bank loans and overdrafts		 Land and
buildings
£
1,228,372
9,000
1,237,372
125,370
24,567
149,937
1,087,435
1,103,002
2023
£
89,613
89,613
2023
£
1,407
1,501
2,908
2023
£
585,557
585,557		 Fixtures and
fittings
£
213,761
3,000
216,761
127,881
15,682
143,563
73,198
85,880		 Total
£
1,442,133
12,000
1,454,133
253,251
40,249
293,500
1,160,633
1,188,882
2022
£
92,246
92,246
2022
£
5,576
1,001
6,577
2022
£
613,563
613,563

Page 14

CHRIST PEOPLE'S MINISTRIES INTERNATIONAL Notes to the Accounts

13 Movement in funds

Restricted funds:
Unrestricted funds:
General funds
Total funds
14 Analysis of net assets between funds
Fixed assets
Net current assets
Creditors due in more than one year and
provisions
15 Reconciliation of net debt
Cash and cash equivalents
Bank loans
Net debt		 At 1
January
2023
718,839
718,839		 Incoming
resources
(including
other
gains/losses)
£
285,831

285,831
At 1 January
2023
£
57,851
57,851
(613,563)
(613,563)
(555,712)		 Resources
expended
£
(292,292)
(292,292)
Unrestricted
funds
£
1,160,633
137,302
(585,557)
712,378		 At 31
December
2023
£
712,378
712,378

Total
£
1,160,633
137,302
(585,557)

712,378
At 31
December
2023
£
50,597
50,597
(585,557)
(585,557)
(534,960)

Cash flows
£
(7,254)
(7,254)
28,006
28,006
20,752

Page 15