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Report and Financial Statements for the Year Ended 31 January 2025
REGISTERED CHARITY NUMBER 1053422
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| Contents of the Financial Statements | ||
|---|---|---|
| for the Year Ended 31 January 2025 | ||
| 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
Charity Number 1053422 Independent Examiner Greenwich Business Services 30 Eden Way Bow London E3 2JD Bankers Virgin Money
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Report of The Trustees for the Year Ended 31 January 2025
History
The Charity was established under a deed of trust in 1995 and is a registered Charity.
Objects
The objects of the Charity are
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a) Advancement of the Christian Faith by Evangelism and Teaching throughout Europe and elsewhere
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b) Relieve persons who are in conditions of need or hardship, aged or sick in the UK and elsewhere
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c) The futherance of its religious and charitable activities in accordance with its objects
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 with a theme focused on inspiring attendees to treasure their chosenness and the empowerment of God the Holy Spirit to impact their communities and society at large. The weekend long event was both well attended and deeply impactful.
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 in Leatherhead. The 2-days delegate Conference 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
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Report of The Trustees Cont'd
University with distinctions and honours. We are immensely thankful for and proud of such excellent performances amongst our young men and women.
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 within 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, finance and relationship. Various professionals who have expertise in in relevant subjects have been invited as Guest Speakers. These seminars have attracted good attendance and are proving quite popular among the Youth.
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 participate with us to train and build and equip 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 hear testimonies of how previous work among them has benefited a great number of them.
Once again, we are delighted learn at this year’s Abbi Youth rally on record number of young men and women having gained admission into various Nigeria Universities/Colleges and to hear their testimonies of how our work among them have 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 huddles they have 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 as well as providing charity aid and support to individuals and families in need. As the cost of living grows higher in our nation, we find that we have to reach out with financial and practical support for some in our community.
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.
Also we have continued to sponsor some young orphaned children and children of single parents who are very needy in both primary and secondary schools and a few in Universities. Again, we derive great joy in seeing the transformation in the lives of these young people as they are able to continue their education.
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Report of The Trustees Cont'd
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 from the UK to Lagos and then doing another 10 or so hours drive to Abbi, the joy and relief our work bring to these precious people make it all worth it.
Our big outreach meetings in Abbi was again, such an amazing success with over four 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 continue to pray that this will become 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 2025 income was ₤197,733 compared with £207,300, in the year ended January 2024, a 5% decrease.
The total expenditure in the year ended January 2025 was ₤180,664 while in the year ended January 2024, it was ₤171,617. This was an 5% increase on 2024. 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
Thursday, 18 September 2025
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Independent Examiner's Report to the Trustees of Europe for Christ Mission for the Year Ended 31 January 2025
I report on the accounts of the charity for the year ended 31 January 2025, 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:
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examine the accounts under section 145 of the Charities Act,
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to follow the procedures laid down in the general Directions given by the Charity
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Commission (under section 145(5)(b) of the Charities Act, and
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to state whether particular matters have come to my attention.
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:
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which gives me reasonable cause to believe that in, any material respect, the requirements
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to keep accounting records in accordance with section 130 of the Charities Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
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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
Thursday, 18 September 2025
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Statement of Financial Activities for the Year Ended 31 January 2025
| 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 2024 Total Funds carried forward |
Unrestricted Funds £ 162,304 35,429 197,733 177,964 2,700 180,664 17,069 430,375 447,445 |
Restricted Funds £ 0 0 0 0 0 0 0 0 0 |
Total 2025 £ 162,304 35,429 197,733 177,964 2,700 180,664 17,069 430,375 447,445 |
Total 2024 £ 175,419 31,881 |
|---|---|---|---|---|
| 207,300 | ||||
| 167,517 4,100 |
||||
| 171,617 | ||||
| 35,683 394,692 |
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| 430,375 |
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 2025
| 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 NET ASSETS TOTAL FUNDS Funds Carried Forward TOTAL FUNDS |
£ 8,500 87,469 (9,433) |
2025 £ 360,909 0 86,536 447,445 447,445 447,445 |
£ 21,946 105,949 (13,088) |
2024 £ 263,895 51,673 114,807 |
|---|---|---|---|---|
| 430,374 | ||||
| 430,375 | ||||
| 430,375 |
The financial statements were approved by the Trustees and signed on its behalf by
Thursday, 18 September 2025
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Notes to the Financial Statements
for the Year Ended 31 January 2025
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 Leasehold Improvement 2% straight line
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Notes to the Financial Statements for the Year Ended 31 January 2025
| 2. Charitable Activities Gifts, Donations & Honorarium Abbi Mission Hospitality Retreats & Missions Convention Transportation Vicarage expenses Salaries Mortgage interest Telephone Light ,& Heating & Rates Printing, postage & stationery Insurance Subscriptions Repairs, Maintenance & Cleaning Legal & professional fees Music Training Depreciation Bank charges & interest General expenses 3. Governance Costs Accountancy - Independent Examiners Fees |
2025 £ 25,252 12,920 2,785 11,563 6,877 9,435 22,800 33,400 0 1,170 6,585 0 4,673 0 431 0 0 0 21,346 75 18,651 177,964 2025 £ 2,700 |
2024 £ 19,088 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 0 600 1,330 18,799 244 18,287 |
|---|---|---|
| 167,517 | ||
| 2024 £ 4,100 |
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Notes to the Financial Statements
for the Year Ended 31 January 2025
4. Fixed Assets
| Land and Buildings £ Cost At 1 February 2024 398,180 Additions 0 Disposals 0 At 31 January 2025 398,180 Depreciation At 1 February 2024 166,574 Additions 7,964 Disposals 0 At 31 January 2025 174,538 Net Book Value At 31 January 2025 223,642 Net Book Value At 31 January 2024 231,606 5. Creditors: Amounts Falling Due Within One Year Creditors & Accruals HMRC |
Plant and Machinery £ 8,625 1,000 0 9,625 8,188 418 0 8,606 1,018 436 |
Motor Vehicle £ 42,470 0 0 42,470 10,618 10,618 0 21,235 21,235 31,853 2025 £ 9,218 216 9,433 |
Leasehold Improvement £ 0 117,361 0 117,361 0 2,347 0 2,347 115,014 0 2024 £ 11,258 1,830 13,088 |
Total £ 449,275 118,361 0 |
|---|---|---|---|---|
| 567,635 | ||||
| 185,380 21,346 0 |
||||
| 206,726 | ||||
| 360,909 | ||||
| 263,895 | ||||