Charity no 1052722
NO LIMITS INTERNATIONAL CHRISTIAN CENTRE
Annual Accounts Report and Accounts for the Year End 31st March 2025
.
| NO LIMITS INTERNATIONAL CHRISTIAN CENTRE | NO LIMITS INTERNATIONAL CHRISTIAN CENTRE | NO LIMITS INTERNATIONAL CHRISTIAN CENTRE | NO LIMITS INTERNATIONAL CHRISTIAN CENTRE | NO LIMITS INTERNATIONAL CHRISTIAN CENTRE | 1052722 | |
|---|---|---|---|---|---|---|
| Annualaccountsforthe period | ||||||
| Period start date | 1st Apr 2024 | To | Period end date | 31st Mar 2025 | ||
| Section A | Statement of financial activities | |||||
| Recommended categories by activity Details of own analysis Note Incoming resources (Note 3) Incoming resources from generated funds Voluntary income S01 Activities for generating funds S02 Gift Aid S03 Building Fund S04 Other incoming resources S05 S06 Resources expended (Notes 4-8) Costs of Generating Funds Costs of generating voluntary income S07 Fundraising trading costs S08 Investment management costs S09 Charitable activities S10 Governance costs 300 Other resources expended S12 S13 S14 S15 S16 S17 S18 S19 S20 S21 Total funds carried forward Total funds brought forward Net movement in funds Net incoming/(outgoing) resources before transfers Gains and losses on investment assets Prior year adjustment Other recognised gains/(losses) Net incoming/(outgoing) resources before other recognised gains/(losses) Gross transfers between funds Total resources expended Total incoming resources |
Unrestricted funds Restricted income funds Endowment funds Total this year £ £ £ £ F01 F02 F03 F04 |
Total last year £ F05 |
||||
| - | - | - | - | |||
| 30,234 | - | - | 30,234 | 36,102 | ||
| - | - | - | - | - | ||
| 21,637 | - | - | 21,637 | - | ||
| - | - | - | - | |||
| - | - | - | - | - | ||
| 51,872 | - | - | 51,872 | 36,102 | ||
| - | - | - | - | - | ||
| 49,526 | - | - | 49,526 | 40,187 | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| 4,414 | - | - | 4,414 | 5,334 | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| 53,940 | - | - | 53,940 | 45,521 | ||
| 2,069 - |
- | - | 2,069 - |
9,419 - |
||
| - | - | - | - | - | ||
| 2,069 - |
- | - | 2,069 - |
9,419 - |
||
| - | - | - | - | |||
| - | - | - | - | - | ||
| 2,069 - |
- | - | 2,069 - |
9,419 - |
||
| 52,297 | - | - | 52,297 | 61,716 | ||
| 50,228 | - | - | 50,228 | 52,297 |
Page 2
No Limits International Christian Centre - Annual Account 1st Apr 2024 - 31st Mar 2025
Section B Balance sheet
| Fixed assets Tangible assets (Note 9) Investments (Note 10) Total fixed assets Current assets Stock and work in progress Debtors (Note 11) (Short term) investments Cash at bank and in hand Total current assets Creditors: amounts falling due within one year (Note 12) Net current assets/(liabilities) Total assets less current liabilities Creditors: amounts falling due after one year (Note 13) Provisions for liabilities and charges Net assets Funds of the Charity Unrestricted funds Restricted income funds (Note 14) Endowment funds(Note 15) Total funds Signed by |
Note B01 B02 B03 B04 B05 B06 B07 B08 B09 B10 B11 B12 B13 B14 B15 B16 B17 B18 B19 B20 |
Unrestricted funds £ F01 |
Restricted income funds £ F02 |
Endowment funds £ F03 |
Total this year Total last year £ £ F04 F04 |
Total this year Total last year £ £ F04 F04 |
|---|---|---|---|---|---|---|
| 3,500 | - | - | 3,500 | 5,250 | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| 3,500 | - | - | 3,500 | 5,250 | ||
| - | - | - | - | - | ||
| 3,000 | - | - | 3,000 | 3,000 | ||
| - | - | - | - | |||
| 44,329 | - | - | 44,329 | 44,648 | ||
| 47,329 | - | - | 47,329 | 47,648 | ||
| 600 | - | - | 600 | 600 | ||
| 46,729 | - | - | 46,729 | 47,048 | ||
| 50,229 | - | - | 50,229 | 52,298 | ||
| - | - | - | - | |||
| - | - | - | - | - | ||
| 50,229 | - | - | 50,229 | 52,298 | ||
| 50,229 | 50,229 | 52,298 | ||||
| - | - | |||||
| - | - | - | ||||
| - | - | - | ||||
| 50,229 | - | - | 50,229 | 52,298 | ||
| Print Name | Date of approval |
|||||
| Reverend Matthew Emeka Okofu-Newman | 30-Aug-25 | |||||
Page 3
No Limits International Christian Centre - Annual Account 1st Apr 2024 - 31st Mar 2025 Section C Notes to the accounts
Note 1 Basis of preparation
This section should be completed by all charities .
1.1 Basis of accounting
These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with:
- Accounting and Reporting by Charities – Statement of Recommended Practice (SORP 2005);
• and with* Accounting Standards; or Financial Reporting Standards for Smaller Enterprises (FRSSE);
- and with the Charities Act 1993.
[** except for the following].
Give details in this box if a different standard has been followed.
-
-Tick as appropriate:
-
if all relevant disclosures shown in the pack have been given then please tick “Accounting Standards”;
if disclosures completed in these accounts have been restricted to those required by the FRSSE, then please tick “Financial Reporting Standards for Smaller Enterprises (FRSSE)”.
** - If no departures from the chosen standards have been made then delete these words; otherwise give details of any changes in the boxes.
1.2 Change in basis of accounting
There has been no change to the accounting policies (valuation rules and methods of accounting) since last year (§ except for the following).
- § if no changes have been made to accounting policies then delete these words.
1.3 Changes to previous accounts
No changes have been made to accounts for previous years
Page 4
No Limits International Christian Centre - Annual Account 1st Apr 2024 - 31st Mar 2025 Section C Notes to the accounts (cont)
Note 2 Accounting policies
This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or additional policy has been adopted then this is detailed in the box below.
INCOMING RESOURCES
| Recognition of incoming | These are included in the Statement of Financial Activities (SoFA) when: |
|---|---|
| resources | the charity becomes entitled to the resources; |
| the trustees are virtually certain they will receive the resources; and | |
| the monetary value can be measured with sufficient reliability. | |
| Incoming resources with | Where incoming resources have related expenditure (as with fundraising or contract income) |
| related expenditure | the incoming resources and related expenditure are reported gross in the SoFA. |
| Grants and donations | Grants and donations are only included in the SoFA when the charity has unconditional |
| entitlement to the resources. | |
| Tax reclaims on donations | Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to |
| and gifts | which they relate. |
| Contractual income and | This is only included in the SoFA once the related goods or services have been delivered. |
| performance related grants | |
| Gifts in kind | Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. |
| Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or | |
| distributed by the charity. | |
| Gifts in kind for use by the charity are included in the SoFA as incoming resources when | |
| receivable. | |
| Donated services and | These are only included in incoming resources (with an equivalent amount in resources |
| facilities | expended) where the benefit to the charity is reasonably quantifiable, measurable and |
| material_._The value placed on these resources is the estimated value to the charity of the | |
| service or facility received. | |
| Volunteer help | The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. |
| Investment income | This is included in the accounts when receivable. |
| Investment gains and losses | This includes any gain or loss on the sale of investments and any gain or loss resulting from |
| revaluing investments to market value at the end of the year. | |
| EXPENDITURE AND | LIABILITIES |
| Liability recognition | Liabilities are recognised as soon as there is a legal or constructive obligation committing the |
| charity to pay out resources. | |
| Governance costs | Include costs of the preparation and examination of statutory accounts, the costs of trustee |
| meetings and cost of any legal advice to trustees on governance or constitutional matters. | |
| Grants with performance | Where the charity gives a grant with conditions for its payment being a specific level of service |
| conditions | or output to be provided, such grants are only recognised in the SoFA once the recipient of the |
| grant has provided the specified service or output. | |
| Grants payable without | These are only recognised in the accounts when a commitment has been made and there are |
| performance conditions | no conditions to be met relating to the grant which remain in the control of the charity. |
| Support Costs | Support costs include central functions and have been allocated to activity cost categories on a |
| basis consistent with the use of resources, eg allocating property costs by floor areas, or per | |
| capita, staff costs by the time spent and other costs by their usage. | |
| ASSETS | |
| Tangible fixed assets for use | These are capitalised if they can be used for more than one year, and cost at least £500. They |
| by charity | are valued at cost or a reasonable value on receipt. |
| Investments | Investments quoted on a recognised stock exchange are valued at market value at the year |
| end. Other investment assets are included at trustees' best estimate of market value. | |
| Stocks and work in progress | These are valued at the lower of cost or market value. |
Page 5
No Limits International Christian Centre - Annual Account 1st Apr 2024 - 31st Mar 2025
Section C Notes to the accounts (cont)
Note 3 Analysis of incoming resources
Incoming resources may be further analysed if this would help the reader of the accounts.
| Activities for generating funds Investment income Incoming resources from charitable activities Voluntary income |
Analysis | This year Last year £ £ |
This year Last year £ £ |
|---|---|---|---|
| VoluntaryIncome(includes MinistryResources) | 30,234 | 36,102 | |
| Gift aid Received | 21,637 | - | |
| Total | 51,872 | 36,102 | |
| - | - | ||
| - | - | ||
| - | - | ||
| - | - | ||
| - | - | ||
| Total | |||
| - | - | ||
| - | - | ||
| - | - | ||
| - | - | ||
| - | - | ||
| Total | - | - | |
| - | - | ||
| - | - | ||
| - | - | ||
| - | - | ||
| - | - | ||
| Total | - | - |
Page 6
No Limits International Christian Centre - Annual Account 1st Apr 2024 - 31st Mar 2025
Section C Notes to the accounts
Note 4 Analysis of resources expended
Resources expended may be further analysed if this would help the reader of the accounts.
| Investment management costs Costs of generating voluntary income Charitable activities Fundraising trading costs Governance costs |
Analysis | This year Last year £ £ |
This year Last year £ £ |
|---|---|---|---|
| Choir & Technical | 5,402 | 2,082 | |
| Honorarium | 4,959 | 84 | |
| Pastors Allowance | 5,425 | 7,000 | |
| Repairs & Maintenance | - | 580 | |
| Subscription | 301 | 747 | |
| Hospitality | 6,080 | 4,831 | |
| Vehicle costs | 2,745 | 2,925 | |
| Travel & subsistence costs | 1,449 | 459 | |
| Professional fees | 2,798 | 840 | |
| Depreciation | 1,750 | 1,750 | |
| Rent & Rates | 7,020 | 8,501 | |
| Insurance | 2,408 | 1,399 | |
| Telephone/fax/email | 677 | 868 | |
| Website | 745 | - | |
| Office exp | 2,011 | 785 | |
| Media & PublicityCosts | 2,829 | 4,608 | |
| Conference | 536 | 201 | |
| Equipmentpurchases | 55 | 74 | |
| Bookshop | 832 | 319 | |
| Storage | - | 1,125 | |
| Independent examination | 600 | 600 | |
| Training | 904 | 408 | |
| Total | 49,526 | 40,187 | |
| - | - | ||
| - | - | ||
| - | - | ||
| - | - | ||
| - | - | ||
| Total | - | - | |
| - | - | ||
| - | - | ||
| - | - | ||
| Total | - | - | |
| Donation &gift | 1,648 | 1,921 | |
| Mission | 1,149 | 2,100 | |
| Outreach & Evangelism | 1,017 | 976 | |
| Welfare | 600 | 337 | |
| Total | 4,414 | 5,334 | |
| Governance Costs | |||
| - | - | ||
| - | - | ||
| Total | - | - |
Page 7
No Limits International Christian Centre - Annual Account 1st Apr 2024 - 31st Mar 2025 Section C Notes to the accounts (cont)
Note 5 Support Costs
Please complete this note if the charity has analysed its expenses using activity categories and has support costs.
| support costs. | ||||
|---|---|---|---|---|
| Support cost type | Fundraising activity £ |
Charitable Activity £ |
Governance Activity £ |
Total Cost £ |
| - | - | - | - | |
| - | - | - | - | |
| - | - | - | - | |
| - | - | - | - | |
| - | - | - | - | |
| - | - | - | - | |
| - | - | - | - | |
| Total | - | - | - | - |
Note 6 Details of certain items of expenditure
6.1 Trustee expenses
Please provide details of the amount of any payment or reimbursement of out-of-pocket expenses made to trustees or to third parties for expenses incurred by trustees. If no expenses were paid, please enter ‘None’ in the appropriate box(es).
Number of trustees who were paid expenses Nature of the expenses
Total amount paid
| This year | Last year |
|---|---|
| £ | £ |
6.2 Fees for examination or audit of the accounts
Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner or auditor. If nothing was paid please enter NONE in the appropriate box(es).
| Other fees (for example: advice, consultancy, accountancy services) paid to the independent examiner or auditor Independent examiner’s or auditors' fees for reporting on the accounts |
This year £ |
Last year £ |
|---|---|---|
| 600 | 600 | |
Page 8
No Limits International Christian Centre - Annual Account 1st Apr 2024 - 31st Mar 2025 Section C Notes to the accounts (cont)
Note 9 Tangible fixed assets
Please complete this note if the charity has any tangible fixed assets
9.1 Cost or valuation
| Balance brought forward Additions Revaluations Disposals Transfers * Balance carried forward |
Freehold land & buildings £ |
Other land & buildings £ |
Motor vehicles £ |
Fixtures, fittings and equipment £ |
Payments on account and assets under construction £ |
Total £ |
|---|---|---|---|---|---|---|
| - | - | 7,000 | - | - | 7,000 | |
| - | - | - | - | |||
| - | - | - | - | - | - | |
| - | - | - | - | - | - | |
| - | - | - | - | - | - | |
| - | - | 7,000 | - | - | 7,000 |
9.2 Accumulated depreciation and impairment provisions
| *Basis* Rate Balance brought forward Depreciation charge for year Impairment provisions Revaluations Disposals Transfers Balance carried forward Brought forward Carried forward 9.3 Net book value* |
SL or RB | SL or RB | SL or RB | SL or RB | SL or RB | SL or RB |
|---|---|---|---|---|---|---|
| - | - | 1,750 | - | - | 1,750 | |
| - | - | 1,750 | - | - | 1,750 | |
| - | - | - | - | - | - | |
| - | - | - | - | - | ||
| - | - | - | - | - | - | |
| - | - | - | - | - | - | |
| - | - | 3,500 | - | - | 3,500 | |
| - | - | 5,250 | - | - | 5,250 | |
| - | - | 3,500 | - | - | 3,500 |
9.4 Revaluation
If any fixed assets have been revalued please give details of the valuer and method of valuation
* The "transfers" row is for movements between fixed asset categories.
** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction.
No Limits International Christian Centre - Annual Account 1st Apr 2024 - 31st Mar 2025
Section C Notes to the accounts (cont)
Note 11 Debtors and prepayments
Please complete this note if the charity has any debtors or prepayments.
| Analysis of debtors Trade debtors Amounts due from subsidiary and associated undertakings Other debtors - deposit to Landlord Prepayments and accrued income Total |
Amounts falling due within oneyear |
Amounts falling due within oneyear |
Amounts falling due after more than oneyear |
Amounts falling due after more than oneyear |
|---|---|---|---|---|
| This year £ |
Last year £ |
This year £ |
Last year £ |
|
| - | - | - | ||
| - | - | - | - | |
| 3,000 | 3,000 | - | - | |
| - | - | - | - | |
| 3,000 | 3,000 | - | - |
Note 12 Creditors and accruals
Please complete this note if the charity has any creditors or accruals. 12.1 Analysis of creditors
| Loans and overdrafts Trade creditors Amounts due to subsidiary and associated undertakings Other creditors Accruals and deferred income Total |
Amounts falling due within oneyear |
Amounts falling due within oneyear |
Amounts falling due after more than oneyear |
Amounts falling due after more than oneyear |
|---|---|---|---|---|
| This year £ |
Last year £ |
This year £ |
Last year £ |
|
| - | - | - | ||
| 600 | 600 | - | - | |
| - | . |
- | - | |
| - | - | - | ||
| - | - | - | ||
| 600 | 600 | - | - |
12.2 Security over assets
If any loan, overdraft or other creditor holds a charge or other security over any assets of the charity please provide details.
Page 9