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2021-01-31-accounts

EUROPE FOR CHRIST MISSION

Report and Financial Statements for the Year Ended 31 January 2021

REGISTERED CHARITY NUMBER 1053422

EUROPE FOR CHRIST MISSION

Contents of the Financial Statements Contents of the Financial Statements
for the Year Ended 31 January 2021
Page
Charity Information 1
Report of the Trustees 2
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8

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Charity Information

Trustees Rev Femi Odubonojo Rev May Salami Mrs Anne Saliu Principal Location Elibank Road Eltham London SE9 1QJ Charity Number 1053422 Independent Examiner Greenwich Business Services 30 Eden Way Bow London E3 2JD Bankers Barclays Plc

EUROPE FOR CHRIST MISSION

Report of The Trustees for the Year Ended 31 January 2021

History

The Charity was established under a deed of trust in 1995 and is a registered Charity.

Objects

The objects of the Charity are

Principal Activity

The principal activity of the Charity during the period under review is Christian worship and the proclamation of the Gospel in the UK, Europe and Africa.

Management and Governance Arrangements

The Charity is managed by the trustees who are involved on a day to day basis with the affairs of the church. The charity is reliant on 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. The charity trustees meet twice a year to review the affairs of the charity.

Achievements and Performance

Shortly after the beginning of the year under review, the world was struck with a pandemic that brought so much loss of life worldwide and the UK our base of operation suffered great loss of lives as a result. Due to the rapid spread of this disease, everything was shut down including Churches. ECM found ways of contining to reach and minister to our congregation and our community, all be it, virtually.

To mitigate the problem of isolation due to inability to meet in person, we set up on-line cell groups where people met to study, pray and socialise virtually. We also continued to stream our Sunday services to members at home as well hold our Life in the Word and Prayer meetings virtually.

General Conferences Held

In the year under review, what should have the church Annual Convention was slimmed down to a one day anniversary celebration among the members because of the constraints of numbers. This was nevertheless a joyous occasion enabling a few people to gather at the Church while many logged in from home.

Women of Wisdom (WoW)

The women ministry (Women of Wisdom) whose aim is to empower women through one-to-one mentoring, seminars and conferences continues to thrive. We held two virtual breakfast meetings which were well attended. Also, our Annual Conference in the summer which normally would have been residential was conducted virtually and amazingly attracted over 100 delegates across the two days. As usual, Conference was very impactful and uplifting.

Salt and Light

The youth ministry of ECM known as Salt & Light continues to grow with young men and women deepening their faith through study of God’s word and growing into very responsible adults through teachings and oneto-one mentoring. The Daniel Company, an off shoot of Salt & Light continues to make incredible impact as membership now reaches other continents due to use of social media etc, as with the Haddassahs’ which is an all-ladies group. Young men and women drawn from our immediate community and the wider community continue to display an eagerness to learn, to grow and to be contributors.

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Report of The Trustees Cont'd

Salt and Light

The monthly fellowship meetings and our mentoring sessions continue to make positive impact on the young people. The Salt and Light also ran some seminars geared towards enriching the lives of young people, not just in ECM but also in our wider community. Apart from monthly meetings, the groups continue to run seminars ranging from relationship to career choice seminars.

Community Outreach

We continue to reach out to our community in Eltham as well as nearby communities through street evangelism, variety shows, summer camps and Christmas concerts.

Foreign Missions

Due to Covid 19 and the Nigerian political unrest, we were unable to go to ABBI Delta State, Nigeria, even though we had done all preparations in readiness to go. However, the safety of our volunteers was more important leading to our cancelling the program for the year. However, we were able to send food parcels to about 50 very needy families in the village, a program that was greatly appreciated. The vision to procure an adequate piece of land where we hope to build a vocational school, to be run as a not-for-profit organisation to enable young people train in a vocation that will help to set them up for life is ongoing. We hope and pray that this will be a reality sooner than later.

Financial Review

The Statement of Financial Activiites for the period is set out in the financial statements section of this report. The Church has operated and continues to meet at Elibank Road, Eltham, London, SE9 1QJ during the week and at weekends. In the year ended January 2021 income was ₤140,108 compared with ₤150,118 in the year ended January 2020, a 6% decrease. Gift Aid claims were not processed during the year.

The total expenditure in the year ended January 2021 was ₤127,198, while in the year ended January 2020, it was ₤146,810. This was an 13% decrease on 2020. The charity continues to be prudent with resources without negatively impacting the goals of the charity.

Reserves Policy

The trustees have reviewed the reserve policy and consider it prudent to keep sufficient reserves not invested in tangible assets and unrestricted fund, to enable the payment of running costs between three and six months.

Risk Management

The trustees have conducted a review of major risks to which the charity could be exposed to and systems have been put in place and implemented to mitigate those risks where possible. The risks and systems will be regularly reviewed.

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Report of The Trustees Cont'd

Trustees

The trustees during the year under review were:

Rev Femi Odubonojo Rev May Salami Mrs Anne Saliu

All trustees being eligible offer themselves for election at the forthcoming Annual General Meeting.

ON BEHALF OF THE TRUSTEES

……………………………………… Rev Femi Odubonojo

08 October 2021

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Independent Examiner's Report to the Trustees of Europe for Christ Mission for the Year Ended 31 January 2021

I report on the accounts of the charity for the year ended 31 January 2021, which are set out on pages 5 to to 10.

Respective responsibilites 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 Chariries Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commision. An examination includes a review of the accounting records kept by the charity and a comparision of the accounts presented with those records. It also includes consideration of any unsual 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 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 Buisness Services Chartered Certified Accountants 30 Eden Way Bow London E3 2JD

09 October 2021

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Statement of Financial Activities for the Year Ended 31 January 2021

Notes
Incoming Resources
Income resources from generated funds
Voluntary Income
Gift Aid
Total Incoming Resources
Resources Expended
Charitable Activities
2
Governance Costs
3
Total Resources Expended
Net Incoming Resources
Funds brought forward
on 1 February 2020
Total Funds carried forward		 Unrestricted
Funds
£
140,108
0
140,108
124,398
2,800
127,198
12,910
292,674
305,585		 Restricted
Funds
£
0
0
0
0
0
0
0
0
0		 Total
2021
£
140,108
0
140,108
124,398
2,800
127,198
12,910
292,674
305,585		 Total
2020
£
123,726
26,392
150,118
145,910
900
146,810
3,308
289,366
292,674

The notes on pages 6 to 8 form part of these financial statements

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Balance Sheet

for the Year Ended 31 January 2021

Notes
FIXED ASSETS
Tangible Assets
4
CURRENT ASSETS
Debtors
Cash at bank
CREDITORS
Amounts falling due within one year
5
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS
Amounts falling due after more than one year
6
NET ASSETS
TOTAL FUNDS
Funds Carried Forward
TOTAL FUNDS		 £
25,700
61,771
(4,404)		 2021
£
£
255,497
28,700
48,005
(1,021)
83,068
338,565
(32,980)
305,585
305,585
305,585		 2020
£
263,458
75,684
339,142
(46,468)
292,674
292,674
292,674

The financial statements were approved by the Trustees and signed on its behalf by

09 October 2021

EUROPE FOR CHRIST MISSION

Notes to the Financial Statements for the Year Ended 31 January 2021

1. Accounting Policies

The financial statement are prepared on the historic cost convention. The accounts are in accordance with applicable accounting standards, the Charites SORP 2005 (Accounting and Reporting by Charities) and comply with the Charities (Accounts and Reports) Regulation 2005 issued under the Charities Act 1993.

1.1. Incoming Resources

Donations and Gift Aid

Income represents tithes and offerings when these are recievable in the period. Gift Aid recievable on donations to the Charity is also included in the amount.

1.2 Resources Expended

Resources expended are included in the Statement of Financial Activites on an accrual basis, inclusive of any VAT which is not recoverable. Certain expenditure is attributable to specific activites and has been included in those cost categories.

1.3 Unrestricted Funds

Unrestricted funds comprise those funds which the trustees are free to use in accordance with the charitable objectives.

1.4 Restricted Funds

Restricted funds are funds which have been given for particular purposes and projects.

1.5 Tangible Fixed Assets and Depreciation

Tangible fixed assets for use by the charity are stated at cost less depreciation

Depreciation

Depriciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual values, over their expected useful lives on the following basis:

Lands & buliding 2% straight line Plant & machinery 20% straight line

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Notes to the Financial Statements for the Year Ended 31 January 2021

2. Charitable Activities
Gifts, Donations & Honorarium
Equipping Lives Africa
Abbi Vocational School Project
Abbi Mission
Hospitality
Retreats & Missions
Convention
Transportation
Vicarage expenses
Salaries
Mortgage interest
Telephone
Light ,& Heating & Rates
Printing, postage & stationery
Insurance
Barking Branch
Repairs, Maintenance & Cleaning
Chapel Refurbishment
Legal & professional fees
Music
Training
Depreciation
Bank charges & interest
General expenses
3. Governance Costs
Accountancy - Independent Examiners Fees		 2021
£
12,326
0
1,000
13,020
1,331
952
0
4,532
22,800
38,500
2,119
1,431
1,724
211
1,474
3,000
616
0
0
1,838
0
7,964
611
8,948
124,398
2021
£
900		 2020
£
13,310
0
0
19,145
1,851
14,946
1,037
6,736
23,060
39,583
1,496
1,587
2,577
2,023
2,044
3,250
1,332
0
0
0
422
7,964
1,020
2,527
145,910
2020
£
900

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Notes to the Financial Statements for the Year Ended 31 January 2021

Land and Plant and Total

4. Fixed Assets

Cost
At 1 February 2020
Additions
Disposals
At 31 January 2021
Depreciation
At 1 February 2020
Additions
Disposals
At 31 January 2021
Net Book Value
At 31 January 2021
Net Book Value
At 31 January 2020
5. Creditors: Amounts Falling Due Within One Year
Creditors & Accruals
HMRC
6. Creditors: Amounts Falling Due After More Than
Mortgage Loans		 Buildings
£
398,180
0
0
398,180
134,719
7,964
0
142,683
255,497
263,461
One Year		 Machinery
£
7,534
0
0
7,534
7,534
0
0
7,534
0
0
2021
£
2,181
2,223
4,404
2021
£
32,980		 £
405,714
0
0
405,714
142,253
7,964
0
150,217
255,497
263,461
2020
£
867
154
1,021
2020
£
46,468