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2023-01-31-accounts

EUROPE FOR CHRIST MISSION

Report and Financial Statements for the Year Ended 31 January 2023

REGISTERED CHARITY NUMBER 1053422

EUROPE FOR CHRIST MISSION

Contents of the Financial Statements
for the Year Ended 31 January 2023
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
Mr Benjamin Olajide Ojo
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
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Report of The Trustees for the Year Ended 31 January 2023

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 ensure all relevant laws and regulations are abided by. The charity trustees meet twicw a year to review the affairs of the charity.

Achievements and Performance

General Conferences Held

In the year under review, the church held the Annual Convention in May and this was very successful.

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 three three breakfast meetings which were well attended. Also, our Residential Annual Conference in the Summer was also well attended with us registering about 40 delegates, this time at the luxurious Federation House Hotel in Leatherhead. The 2-day delegate Conference was, yet again, a most impactful time drawing many testimonies from different attendants. Being away and fully concentrating on the event has proven again to be completely enriching to the delegates experience.

Membership continues to be drawn from other churches and the wider community. We continue to run these meetings as non-denominational/community meetings to encourage wider participation.

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. In the year under review some of our youths graduated from University with distinctions and honours. We are immensely thankful for and proud of such excellent performances amongst our youths.

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Report of The Trustees Cont'd

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 ean agerness to learn, to grow and to be contributors.

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/development seminars.

Youth Work in ABBI, Nigeria

Our foreign mission work among the youth of ABBI continues to grow. This year we recorded the highest number of young men and women who went to ABBI to train and build with the youth of ABBI. Much as we go to give all the help we can, our youth have been greatly impacted by what they saw and learnt from their counterparts in ABBI.

Most certainly, the ABBI youth work is of mutual benefit. Although working in ABBI will continue to be challenging at all levels, nevertheless, the reward is immeasurable as we see young men and women respond and participate in seminars and testimonies of how previous work among them has benefited a great number of the youth.

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

Our work in Abbi, Delta State of Nigeria continued with great success. In the year under review, we were able to ship out charity gifts (comprising of shoes, clothes and school bags) for some of the very needy children and young people. We also ran our regular Youth empowerment campaign which saw about 130 young men and women attending. Again, gifts were given to outstanding young men and women.

We continue to be overwhelmed by the warm reception given to our team and the work that we do in Abbi. Although, it can be tasking, flying in to Lagos and then doing another 9-10hrs drive to Abbi, the joy and relief our work bring to these precious people makes it all worth it. Our big outreach program in Abbi was again, such an amazing success with well over three thousand people attending the meetings over three days.

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 2023 income was ₤228,532 compared with ₤185,068 in the year ended January 2022, a 23% increase.

The total expenditure in the year ended January 2023 was ₤202,562 while in the year ended January 2022, it was ₤121,931. This was an 66% increase on 2022. The charity continues to be prudent with resources without negatively impacting the goals of the charity.

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Report of The Trustees Cont'd

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.

Trustees

The trustees during the year under review were:

Rev Femi Odubonojo Rev May Salami Mrs Anne Saliu Mr Benjamin Olajide Ojo

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

ON BEHALF OF THE TRUSTEES

……………………………………… Rev May Salami

Thursday, 21 September 2023

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Independent Examiner's Report to the Trustees of Europe for Christ Mission for the Year Ended 31 January 2023

I report on the accounts of the charity for the year ended 31 January 2023, which are set out on pages 5 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 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 stayement 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

Saturday, 30 September 2023

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Statement of Financial Activities for the Year Ended 31 January 2023

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 2021
Total Funds carried forward		 Unrestricte Restricted
Funds
Funds
£
£
139,988
0
88,545
0
228,532
0
200,762
0
1,800
0
202,562
0
25,970
0
368,721
0
394,691
0		 Total
2023
£
139,988
88,545
228,532
200,762
1,800
202,562
25,970
368,721
394,691		 Total
2022
£
185,068
0
185,068
119,681
2,250
121,931
63,137
305,584
368,721

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

EUROPE FOR CHRIST MISSION

Balance Sheet

for the Year Ended 31 January 2023

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		 £
72,193
88,239
(5,658)		 2023
£
241,224
154,774
395,998
(1,307)
394,691
394,691
394,691		 £
43,850
95,361
(3,221)		 2022
£
249,406
135,990
385,395
(16,675)
368,721
368,721
368,721

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

Saturday, 30 September 2023

EUROPE FOR CHRIST MISSION

Notes to the Financial Statements for the Year Ended 31 January 2023

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 2023

2. Charitable Activities

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
Subscriptions
Repairs, Maintenance & Cleaning
Chapel Refurbishment
Legal & professional fees
Music
Training
Depreciation
Bank charges & interest
General expenses
3. Governance Costs
Accountancy - Independent Examiners Fees		 2023
£
18,865
0
0
19,963
2,969
5,935
1,060
17,338
22,800
33,400
304
1,384
2,570
0
1,992
600
13,396
0
0
0
1,330
8,182
419
48,258
200,762
2023
£
1,800		 2022
£
17,170
0
0
21,475
1,091
4,772
0
4,116
22,400
22,762
522
1,194
3,833
15
1,499
600
750
0
0
0
0
8,182
370
8,932
119,681
2022
£
2,250

3. Governance Costs Accountancy - Independent Examiners Fees

EUROPE FOR CHRIST MISSION

Notes to the Financial Statements

for the Year Ended 31 January 2023

4. Fixed Assets

Land and
Buildings
£
Cost
At 1 February 2022
398,180
Additions
0
Disposals
0
At 31 January 2023
398,180
Depreciation
At 1 February 2022
150,647
Additions
7,964
Disposals
0
At 31 January 2023
158,610
Net Book Value
At 31 January 2023
239,570
Net Book Value
At 31 January 2022
247,533
5. Creditors: Amounts Falling Due Within One Year
Creditors & Accruals
HMRC
6. Creditors: Amounts Falling Due After More Than One Year
Mortgage Loans		 Plant and
Machinery
£
8,625
0
0
8,625
7,752
218
0
7,970
654
872
2023
£
552
5,106
5,658
2023
£
1,307		 Motor
Vehicle
£
1,000
0
0
1,000
0
0
0
0
1,000
1,000
2022
£
(347)
3,569
3,221
2022
£
16,675		 Total
£
407,805
0
0
407,805
158,399
8,182
0
166,581
241,224
249,406