OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-01-31-accounts

EUROPE FOR CHRIST MISSION

Report and Financial Statements for the Year Ended 31 January 2024

REGISTERED CHARITY NUMBER 1053422

EUROPE FOR CHRIST MISSION

Contents of the Financial Statements
for the Year Ended 31 January 2024
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

EUROPE FOR CHRIST MISSION

Charity Information

Trustees

Principal Location

Charity Number

Independent Examiner

Bankers

Rev Femi Odubonojo Rev May Salami Mrs Anne Saliu Mr Benjamin Olajide Ojo Elibank Road Eltham London SE9 1QJ

1053422 Greenwich Business Services 30 Eden Way Bow London E3 2JD Barclays Plc

EUROPE FOR CHRIST MISSION

Report of The Trustees for the Year Ended 31 January 2024

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 twice 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 which proved successful.

Women of Wisdom (WoW)

The women ministry (Women of Wisdom) continues to grow in impact but also has recently widened its reach as more younger ladies are attracted to the WoW ministry.

Wow’s generally aim is to empower women through one to one mentoring, seminars and conferences. We held three breakfast meetings which were well attend. Also, our Residential Annual Conference in the summer was well attended with us registering about 40 delegates, again at the luxurious Federation House Hotel in Leatherhead. The 2-Days delegate Conference again was 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 one-to-one mentoring. In the year under review some of our youth graduated from University with distinctions and honours. We are immensely thankful for and proud of such excellent performances amongst our youths

EUROPE FOR CHRIST MISSION

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 with our immediate community and the wider community continue to display an eagerness to learn, to grow and to be contributors in society.

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 ran seminars and one to one mentoring majorly in career choice/development.

Youth Work in ABBI, Nigeria

Our foreign mission work among the youth of ABBI continues to grow. This year, we had several indigenous Youth Leaders and volunteers participated with us 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 level, nevertheless, the reward is immeasurable as we see young men and women respond and participate in seminars and hear testimonies of how previous work among them has benefited a great number of them.

One of the highlights of this year’s Abbi Youth rally was seeing a record number of young men and women now admitted into various Nigeria Universities and to hear their testimonies of how our work among them has inspired and motivated them to aim higher in pursuit of their dreams. Our Team were greatly inspired by the courage and resilience of these young men and women, given the many obstacles they have to overcome to be where they are.

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

Further to the report above, 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 well over 150 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 12hrs drive to Abbi, the joy and relief our work brings to these precious people make it all worth it.

Our big outreach meetings in Abbi was again, such an amazing success with over two 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 continue to pray that this will become a reality sooner than later.

EUROPE FOR CHRIST MISSION

Report of The Trustees Cont'd

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 2024 income was ₤207,300 compared with £228,533 in the year ended January 2023, a 11% decrease.

The total expenditure in the year ended January 2024 was ₤171,617 while in the year ended January 2023, it was ₤202,561. This was an 15% decrease on 2023. The charity continues to be prudent with resources without negatively impacting the goals of the charity.

Reserves Policy

The trustees have reviewed the reserves 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

17 September 2024

EUROPE FOR CHRIST MISSION

Independent Examiner's Report to the Trustees of Europe for Christ Mission for the Year Ended 31 January 2024

I report on the accounts of the charity for the year ended 31 January 2024, which are set out on pages 6 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

17 September 2024

EUROPE FOR CHRIST MISSION

Statement of Financial Activities for the Year Ended 31 January 2024

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		 UnrestricteRestricted Total
Funds
Funds
2024
£
£
£
175,419
0
175,419
31,881
0
31,881
207,300
0
207,300
167,517
0
167,517
4,100
0
4,100
171,617
0
171,617
35,683
0
35,683
394,692
0
394,692
430,375
0
430,375		 Total
2023
£
139,988
88,545
228,533
200,762
1,800
202,562
25,971
368,721
394,692

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 2024

Notes
FIXED ASSETS
Tangible Assets
4
Refurbishment in Progress
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		 £
21,946
105,950
(13,088)		 2024
£
£
263,895
51,673
72,193
88,239
(5,658)
114,808
430,375
0
430,375
430,375
430,375		 2023
£
241,224
0
154,774
395,998
(1,307)
394,691
394,691
394,691

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

17 September 2024

EUROPE FOR CHRIST MISSION

Notes to the Financial Statements for the Year Ended 31 January 2024

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 Motor Vehicles 25% straight line

EUROPE FOR CHRIST MISSION

Notes to the Financial Statements for the Year Ended 31 January 2024

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		 2024
£
19,088
0
0
8,720
2,354
14,157
1,300
9,890
22,800
35,401
6
1,547
7,253
0
2,170
0
3,572
0
0
600
1,330
18,799
244
18,287
167,517
2024
£
4,100		 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
200,765
2023
£
1,800

EUROPE FOR CHRIST MISSION

Notes to the Financial Statements for the Year Ended 31 January 2024

4. Fixed Assets

Land and
Buildings
£
Cost
At 1 February 2023
398,180
Additions
0
Disposals
0
At 31 January 2024
398,180
Depreciation
At 1 February 2023
158,610
Additions
7,964
Disposals
0
At 31 January 2024
166,574
Net Book Value
At 31 January 2024
231,606
Net Book Value
At 31 January 2023
239,570
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
7,970
218
0
8,188
436
654
2024
£
11,258
1,830
13,088
2024
£
0		 Motor
Vehicle
£
1,000
41,470
0
42,470
0
10,618
0
10,618
31,853
1,000
2023
£
552
5,106
5,658
2023
£
1,307		 Total
£
407,805
41,470
0
449,275
166,581
18,799
0
185,380
263,895
241,224