CHRIST PEOPLE'S MINISTRIES INTERNATIONAL Charity No. 1048371 Trustees. Report and Unaudited Accounts 31 December 2024
CHRIST PEOPLE'S MINISTRIES INTERNATIONAL Contents Pages Trustees, Annual Report Independent Examiner's Report Statement of Financial Activities 2to4 Summary Income and Expenditure Account Balance Sheet Statement of Cash flows Notes to the Accounts IOto15 Detailed Statement of Financial Activities 16to17 Page I
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 2024. REFERENCE AND ADMINISTRATIVE DETAILS Charity No. 1048371 Principal Office 1-6 Parchmore Place Thornton Heath SURREY CR7 8LX Trustees The following Trustees served during the year: Belinda Akinbode - Secretary Esther Opoku - Treasurer Treasurer Pastor Mrs M Immanuel Pastor Ovie Immanuel Accountants 360 Accounting Services Ltd 27 Old Gloucester Street London WCIN 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 WCIB SHA Page 2
CHRIST PEOPLE'S MINISTRIES INTERNATIONAL Trustees Annual Report OBJECTIVES AND AcfiviTIES 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 provid ing 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. Educationainraining - 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 Community Support We continue to provide food parcels to local families every weekday, supporting a growing number of households who continue to be signposted by various agencies in the Croydon area. Providing a dedicated phone line for emotional support, counselling, and prayers, accessible to all community members. Ongoing Collaborations with local agencies to reach families in need. Youth and Children's Ministry The children and youth ministries are experiencing ongoing grovrth. CPMI children continue to grow in their Christian walk. through learning in their classes on Wednesdays and Sundays Youth Services. We continue to engage in yearly outings and events during school half-terms and summer holidays. Some of the young females in the youth classes joint the yearly women's retreat for the first time. Children and young people in the church can access free music lessons, an opportunity to learn various instruments. Outreach and Fellowship The Outreach Team continues to facilitate various programs, such as Mass Evangelism to share the gospel and add to the church growing number. Hosted the Men's Breakfast gathering every two month5, promoting fellowship and mutual support. Yearly retreat program for both men and women, this takes place separately providing a weekend of fellowship and prayer Spiritual Growth We continue to hold weekly Bible study sessions, encouraging in-depth exploration and discussion. Page 3
CHRIST PEOPLE'S MINISTRIES INTERNATIONAL Trustees Annual Report Overall, these initiatives have strengthened our ties with the community and supported the spiritual and emotional well-being of both members and non-members. FINANCIAL REVIEW The income of the Church is derived predominantly from donations by the members. Total receipts on unrestricted funds amounted to £314,882 (2023:£285,311) PLANS FOR FUTURE PERIODS l. 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, agencie5 and other charitable organisation5 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. 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 Companies Act 2006. 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 IFRS 102). Signed on beh the board Belinda Trustee 03 November 2025 Page 4
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 2024. Responsibilities and basis of report As the charity's trustees of the company {and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2006 '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'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(51 Ibl 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 l am qualified to undertake the examination because l 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: accounting records were not kept in accordance with section 386 of the 2006 Act - or the financial statements do not accord with those records: or the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair, view which is not a matter considered as part of an independent examination: or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. 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 WCIN 3AX 03 November 2025 Page 5
CHRIST PEOPLE'S MINISTRIES INTERNATIONAL Statement of Financial Activities for the year ended 31 December 2024 Unrestricted funds Total funds Total funds 2024 2024 2023 Notes Income and endowments from: Donations and legacies Rental Income 296,984 17,898 862 296,984 17,898 862 268,233 17,078 520 Investments Total 315,744 315,744 285,831 Expenditure on: Charitable activities 64,024 64,024 60,403 Costs of raising donations and legacies 203.016 203,016 231,889 Total 267,040 267,040 292,292 Net gains on investments Net income/(expenditure) Transfers between funds 48,704 48,704 16,4611 Net income/(expenditure) before other gains/(losses) 48,704 48,704 (6,4611 Other gains and losses Net movement in funds 48,704 48,704 16,4611 Reconciliation of funds: Total funds brought forward 712,377 712,377 718,839 Total funds carried forward 761,081 761.081 712,378 Page 6
CHRIST PEOPLE'S MINISTRIES INTERNATIONAL Summary Income and Expenditure Account for the year ended 31 December 2024 2024 2023 Income 314,882 285,311 Interest and investment income 862 520 Gross income for the year Expenditure 315,744 285,831 177,911 202,878 Interest payable 51,206 49,165 Depreciation and charges for impairment of fixed assets 37,923 40,249 Total expenditure for the year Net income/(expenditure) before tax for the year 267,040 292,292 48,704 (6,461) Net income /(expenditure )for the year 48,704 (6,461) Page 7
CHRIST PEOPLE'S MINISTRIES INTERNATIONAL Balance Sheet at 31 December 2024 Notes 2024 2023 Fixed assets Tangible assets 1,122,710 1,122,710 1,160,633 1,160,633 Current assets Debtors Cash at bank and in hand io 139,613 57.355 196,968 12,5431 194,425 89,613 50,597 140,210 12,9081 137,302 Creditors: Amount falling due within one year Net current assets li Total assets less current liabilities 1,317,135 (556,0541 1,297,935 1585,5571 Creditors: Amounts falling due after more than one year Net assets excluding pension asset or liability 12 761,081 712,378 Total net assets 761,081 712,378 The funds of the charity Restricted funds 13 Unrestricted funds 13 General funds 761.081 712,378 761,081 712,378 Reserves 13 Total funds 761,081 712,378 These financial statements were approved by the board of trustees and authorised for issue on 03 November 2025, and are sig ed on behalf of the Trustees by: Belinda Akinbode Trustee 03 November 2025 Page 8
CHRIST PEOPLE'S MINISTRIES INTERNATIONAL Statement of Cash flows for the year ended 31 December 2024 2024 2023 Cash flows from operating activities Net income/(expenditure) per Statement of Financial Artivities 48,704 16,4611 Adjustments for: Depreciation of property, plant and equipment Dividends, interest and rents from investments 11 ncreasel/Decrease in trade and other receivables Decrease in trade and other payables 37,923 (8621 (50,0001 (3651 40,249 15201 2,633 14, 1691 Net cash provided by operating artivities 35.400 31,732 Cash flows from investing activities Dividends, interest and rents from investments 862 520 Net cash from/(used in) investing activities 862 111,4801 Cash flows from financing activities Repayment of borrowings (29,5031 128,0061 Net cash used in financing activities (29,5031 128,0061 Net increase/(decrease) in cash and cash equivalents 6,759 17,7541 Cash and cash equivalents at the beginning of the year 50,597 57,851 Cash and cash equivalents at the end of the year 57,356 50,097 Components of cash and cash equivalents Cash and bank balances 57,355 50,597 57,355 50,597 Page 9
CHRIST PEOPLE'S MINISTRIES INTERNATIONAL Notes to the Accounts for the year ended 31 December 2024 l Accounting policies 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 IFRS 1021 (effective I January 20151 (Charities SORP IFRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FR5 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. These are unrestricted funds earmarked by the trustees for particular purposes. These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. These are available for use subject to restrictions imposed by the donor or through terms of an appeal. Designated funds Revaluation funds Restricted funds Income Recognition of income Income is included in the Statement of Financial Activities (SOFA) when the charity 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 legacies Voluntary income received by way of grants, donations and gifts is included in the 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/llossesl 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/llossesl on investment assets This includes any gain or loss on the sale of investments. Page 10
CHRIST PEOPLE'S MINISTRIES INTERNATIONAL Notes to the Accounts Expenditure Recognition of expenditure Expenditure is recognised on an accruals basis. Expenditure includes any VAT 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. 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. 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. Grants payable Governance 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 servi$ 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 Unrestricted Total Total 2024 2023 Donations 220,918 27,189 48,877 296,984 220,918 27,189 48,877 296,984 196,307 31,692 40,234 268,233 Give As You Earn Tax Gift Aid Claim 3 Income from other trading activities Unrestricted Total Total 2024 2023 Rental income 17,898 17,898 17,898 17,898 17,078 17,078 4 Income from investments Unrestricted Total Total 2024 2023 Bank interest receivable 862 862 520 862 862 520 5 Expenditure on raising funds Unrestricted Total Total 2024 2023 Costs of generating voluntary income Donations 64,024 64,024 64,024 64,024 60,403 60,403 Page 12
CHRIST PEOPLE'S MINISTRIES INTERNATIONAL Notes to the Accounts 6 Other expenditure Unrestricted Total Total 2024 2023 Bank loan and overdraft interest payable 51.206 51,206 49,165 Employee costs Motor and travel costs 45.307 3.779 31.992 45,307 3,779 31,992 60,793 9,329 31,012 Premises costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs 37,923 37,923 40,249 25.809 7.000 203,016 25,809 7,000 203,016 27,004 14,337 231,889 Lega l and professional costs 7 Net income/(expenditure) before transfers 2024 2023 This is stated after charging: Depreciation of owned fixed assets 8 Staff costs 37,923 40,249 2024 2023 Salaries and wages Pension costs 42.567 2,740 45,307 57,214 3,579 60,793 No employee received emoluments in excess of £60,000. 9 Tangible fixed assets Land and Fixtures and buildings fittings Total Cost or revaluation At l January 2024 At 31 December 2024 Depreciation and impairment At l January 2024 Depreciation charge for the year At 31 December 2024 1,237,372 1,237,372 216,761 216,761 1,454,133 1,454,133 149.937 143.563 293,500 24,747 13,176 37,923 174,684 156,739 331,423 Net book values At 31 December 2024 1,062,688 1,087,435 60,022 73,198 1,122,710 1,160,633 At 31 December 2023 Page 13
CHRIST PEOPLE'S MINISTRIES INTERNATIONAL Notes to the Accounts 10 Debtors 2024 2023 Other debtors 139,613 139,613 89,613 89,613 11 Creditors: amounts falling due within one year 2024 2023 Other creditors Accruals 1.043 1,500 2,543 1,407 1,501 2,908 12 Creditors: amounts falling due after more than one year 2024 2023 Bank loans and overdrafts 556,054 556,054 585,557 585,557 13 Movement in funds Incoming resources At31 {including other At l January gainsllosses 2024 Resources December expended 2024 Restricted funds: Unrestricted funds: General funds 712,377 315,744 {267,0401 761,081 Total funds 14 Analysis of net assets between funds 712,377 315,744 {267,0401 761,081 Unrestricted funds Total Fixed assets 1,122,710 194,425 1,122,710 194,425 Net current assets Creditors due in more than one year and provisions {556,0541 (556,0541 761,081 761,081 Page 14
CHRIST PEOPLE'S MINISTRIES INTERNATIONAL Notes to the Accounts 15 Reconciliation of net debt At31 December At l January 2024 Cash flows 2024 Cash and cash equivalents 50,597 50.597 6,758 6,758 57,355 57,355 Bank loans (585,5571 (585,5571 29,503 29,503 (556,0541 (556,0541 Net debt {534,9601 36,261 (498,6991 Page 15
CHRIST PEOPLE'S MINISTRIES INTERNATIONAL Detailed Statement of Financial Activities for the year ended 31 December 2024 Total Total Unrestrirted Unrestricted Unrestricted funds funds funds 2024 2024 2023 Income and endowments from: Donations and legacies Donations 220,918 27,189 48,877 296,984 220,918 27,189 48,877 296,984 196,307 31,692 40,234 268,233 Give As You Earn Tax Gift Aid Claim Other trading activities Rental income 17,898 17,898 17,898 17,898 17,078 17,078 Investments Bank interest receivable 862 862 520 862 862 520 Total income and endowments 315,744 315,744 285,831 Expenditure on: Costs of generating donations and legacies Donations 64,024 64,024 64,024 64,024 60,403 60,403 Total of expenditure on raising funds 64,024 64,024 60,403 Other expenditure Bank loan and overdraft interest payable 51,206 51,206 49,165 51.206 51.206 49,165 Employee costs Salaries/wages Pension costs 42,567 2,740 45,307 42,567 2,740 45,307 57,214 3,579 60,793 Motor and travel costs Vehicles - General costs 2,516 1.263 3,779 2,516 1.263 3,779 2,461 6.868 9,329 Travel and subsistence Premise5 Costs Rates 7,461 10.817 2,540 7,461 10.817 2,540 4,747 9,833 2,319 Light. heat and power Waste management costs Premises repairs and maintenance 9.802 9,802 13,115 Page 16
CHRIST PEOPLE'S MINISTRIES INTERNATIONAL Detailed Statement of Financial Activities Health & Safety 1.372 31,992 1.372 31,992 998 31,012 General administrative costs, including depreciation and amortisation Depreciation of land and buildings Depreciation of Fixtures and fittings General insurances Software, IT support and related costs 24,747 24,747 24,567 13,176 13,176 15,682 3,841 3,841 3,626 2,683 2,683 1,621 Stationery and printing Sundry expenses Telephone, fax and broadband 218 218 1,024 15,211 5,522 67,253 17,002 2,065 63,732 17,002 2,065 63,732 Legal and professional costs Audit/lndependent examination fees 2,000 2,000 5,500 Other legal and professional costs 5.000 5,000 8,837 7,000 7,000 14,337 Total of expenditure of other costs 203,016 203,016 231,889 Total expenditure Net gains on investments 267,040 267,040 292,292 Net income/(expenditure) 48,704 48,704 (6,461) Net income/(expenditure) before other gains/(losses) Other Gains 48,704 48,704 (6,461) Net movement in funds 48,704 48,704 {6,461) Reconciliation of funds: Total funds brought forward 712,377 712,378 718,839 Total funds carried forward 761,081 761,081 712,378 Page 17