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2022-06-30-accounts

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 2022

FOR

IMMANUEL INTERNATIONAL CHRISTIAN MINISTRIES

REGISTERED CHARITY NUMBER 1059026

IMMANUEL INTERNATIONAL CHRISTIAN MINISTRIES

Contents of the Financial Statements for the Year Ended 30 June 2022

Page
Charity Information 1
Report of the Trustees 2
Independent Examiner's Rep 5
Statement of Financial Activit 6
Balance Sheet 7
Notes to the Financial Statem 8

IMMANUEL INTERNATIONAL CHRISTIAN MINISTRIES

Charity Information

Trustees Rev Dunni Thompson Dr Bode Meduoye Miss Esther Anato - Dumelo Mr Wole Odetoyinbo

Principal Locatio89 Vallentin Road Walthamstow London E17 3JJ

Charity Number 1059026

Independent ExGreenwich Business Services 30 Eden Way Bow London E3 2JD Bankers Lloyds Bank Barclays Bank

IMMANUEL INTERNATIONAL CHRISTIAN MINISTRIES

Report of The Trustees for the Year Ended 30 June 2022

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 the proclamation of the Gospel all over the world.

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 ensure all relevant laws and regulations are abided by.

The charity trustees meet quarterly to review the affairs of the charity.

Achievements and Performance

COVID IMPACT – Church services and other ministries as well as some face to face interaction affected by the SARS-COVID19 pandemic. The Church has continued to offer a range of services and progrannes during the week and over the course of the year that our community can tune into using online interfaces and meeting functions to support them during the pandemic and subsequent lockdown to offer, spiritual and mental support.

PRAYER - We conducted online evening Prayers every night for 3 months during the initial pandemic using social media platforms and online conferencing to provide guidance, prayer and reflection as well as companionship and spirituals support for our members, their friends, family and extended networks during the uncertain months of the pandemic.

SUNDAY SERVICE- We continued to operate safe and secure services until government guidelines imposed restrictions, we continued to provide a number of programmes all day on Sunday to support members and their families online. Every month is themed to offer renewed support to vulnerable members in our community and allow individuals to learn, equip and encourage each other.

OUTREACH- This year has allowed us to be successful in welcoming new people across the London area and internationally to our church via our social media platforms. Arrangements were made for the the new comers and new believers’ classes to cater for international time zones and to allow as many members and international family members

MINISTRIES:-

Women of Excellence International - Conferences online on health seminars with retired GP’s offer anecdotal advice and support linking members to relevant local healthcare professionals, Covid isolat amongst women, dealing with the additional pressure on mental health of home schooling, dealing wit Isolation during Covid. Marriage matters, counselling.

IMMANUEL INTERNATIONAL CHRISTIAN MINISTRIES

Report of The Trustees for the Year Ended 30 June 2022

Iron Sharpens Iron - This year Iron sharpens Iron focused lively weekly sessions focusing on practica spiritual and physical advice, debate controversial and lively topics catering for Young Adults and mature believers. These session were popular and will continue to run as we come out of restriction.

Throne Room – A ministry launched during the pandemic to pray with believers and isolated commun

members every night during the pandemic. Very successful sessions offering people hope through the darkest days of the pandemic, Sessions now continue twice a week on Wednesday and Friday evenings.

Nigh Vigil – Held every 1[st] Friday offering Deliverance, healing and restoration for believers

Golden Ladies 50+ - The Golden Ladies 50plus ministry was reduced from previous years due to the social nature of the ministry and the COVID19 pandemic which makes most members in a very vulnerable category. We did sessions on using social media to contact loved ones.

Evangelism/Community - The Church as many support networks found it challenging to physically reach those in need this year, we traditionally support the homeless as a demonstration of our faith. W did deliver food parcels to those who had no access to supermarkets during the pandemic and provide non-perishable goods during the pandemic. The Church has been involved in creating an awareness o COVID restrictions and information of COVID and its impact within community. We participated informing members on the Vaccination programme and provided discussion and Q+A sessions with th community.

GriefShare – We continue to prepare counsellors to launch the Griefshare programme to help those bereaved in the community.

Healing Rooms - this ministry helps the lonely, the hurting, the depressed and those going through emotional and physical healing. It provides listening ears and prayers for those in need. The ministry h reached out to many in the London area and on the phone to many overseas. Offering one to one counselling and coaching with a senior minister.

Great expectations - reaching out and connecting to young adults and singles during the pandemic.

Christmas and Easter Programmes: - Ensuring no members felt isolated during the holiday period , offering food services for members of the local community. Provided schedule of events over the lockdown Xmas and New Year period to keep old members of the community engaged.

IMMANUEL INTERNATIONAL CHRISTIAN MINISTRIES

Report of The Trustees for the Year Ended 30 June 2022

Building Project: - As restrictions have relaxed we have begun working on the 89 Vallentin Road site working on a restoration and modernisation project – which will provide the local community a modern and multipurpose development and community focused centre.

Financial Review

The Statement of Financial Activities for the period is set out in the financial statements section of this report. In 2021 income was £68,675 compared with £111,146 in 2020. This is a 38% decrease in

operating income. Charitable expenditure reduced from £187,077 to £98,407, a decrease of 47%. The charity sold the 190 Victoria Dock Road property for a profit of £780,355.

The Trustees also note that the Senior Pastor of the Ministry has not been paid a salary for about seve years and no contributions have been made into any pension for her. There is a hope when resources are available, this situation will be addressesd.

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 for 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 an systems will be regularly reviewed.

Trustees

The trustees during the year under review were: Rev Dunni Thompson Miss Esther Anato - Dumelo Mr Wole Odetoyinbo

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

ON BEHALF OF THE TRUSTEES

……………………………………… Date: 09 September 2022

IMMANUEL INTERNATIONAL CHRISTIAN MINISTRIES

ndependent Examiner's Report to the Trustees of Immanuel International Christian Ministrie for the year ended 30 June 2022

I report on the accounts of the charity for the year ended 30 June 2022, which are set out on pages 5 to 9.

Respective responsibilities 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(2) of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

  1. Examine the accounts under section 145 of the Charities Act;

  2. To follow the procedures laid down in the General Directions given by the Charity

Commissioners (under section 145 (5)(b) of the Charities Act; and

  1. 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 Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusu items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

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 trustees have not met the requirements to ensure that

  2. Proper accounting records are kept in accordance with section 130 of the Charities Act

  3. and Accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act, or

  4. To which in my opinion, attention should be drawn in order to enable a proper understanding the accounts to be reached.

Greenwich Business Services Chartered Certified Accountants 30 Eden Way Bow London E3 2JD

9-Sep-22

IMMANUEL INTERNATIONAL CHRISTIAN MINISTRIES

Statement of Financial Activities for the Year Ended 30 June 2022

No
£
Incoming Resources
Donations
1
59,867
Operating activities:
Profit on disposal of fixed asset
0
Total Incoming Resources
59,867
Resources Expended
1
Charitable Expenditure
General		 £
0
0
0
I W E
Fund		 2022
2021
£
£
59,867
68,675
0
780,355
59,867
849,030
Charitable activities
Management & administration
Net Incoming Resources
Funds Brought Forward
Funds Carried Forward		 56,787
0
56,787
3,080
731,451
734,531		 200
0
200
(200)
2,343
2,143		 56,987
98,407
0
0
56,987
98,407
2,880
750,623
733,794
(16,828)
736,674
733,795

IMMANUEL INTERNATIONAL CHRISTIAN MINISTRIES

Balance Sheet Balance Sheet
for the Year Ended 30 June 2022
Notes 2022 2021
£ £ £ £
Fixed assets
Tangible assets 2 446,589 464,671
Construction Work-in-Progress 380,674 35,095
Current Assets
Debtors 3 63,444 30,898
Cash at bank and in hand 227,200 619,441
290,644 650,339
Creditors

Amounts falling due within one year 4 (50,778)

(69,709)

Net current liabilities
Total assets less current liabilities
Creditors
Amounts falling due after more than on year
Net Assets
RESERVES
Unrestricted
General Fund
Restricted
Women of Execellence		 239,866
1,067,129
(330,456)
736,673

734,531
2,143
736,674		 580,630
1,080,396
(346,603)
733,793
731,450
2,343
733,793

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

Date: 09 September 2022

IMMANUEL INTERNATIONAL CHRISTIAN MINISTRIES

Notes to the financial Statements for the Year Ended 30 June 2022

1. Accounting Policies

The financial statements are prepared on the historic cost convention. The accounts are in accordanc with applicable accounting standards, the Charities SORP 2005 (Accounting and Reporting By Charities) and comply with the Charities (Accounts and Reports) Regulations 2005 issued under the Charities Act 1993.

1.1. Incoming Resources

Donations

Income represents tithes and offerings when these are receivable in the period.

1.2 Resources Expended

Resources expended are included in the Statement of Financial Activities on an accrual basis, inclusiv of any VAT which is not recoverable. Certain expenditure is attributable to specific activities 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

Depreciation 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:

Freehold property Freehold Improvements Plant & Machinery

2% straight line 5% straight line 10% straight line

IMMANUEL INTERNATIONAL CHRISTIAN MINISTRIES

Notes to the financial Statements for the Year Ended 30 June 2022

2. Tangible Fixed Assets

Cost
At 1 July 2021
Additions
Disposals
At 30 June 2022
Depreciation
At 1 July 2021
Charge for Year
Disposals
At 30 June 2022
Net Book value
At 30 June 2022
At 30 June 2021		 Land and
Buildings
£
622,250
0
0
622,250
189,100
12,445
0
201,545
420,705
433,150		 ImprovementPlant and
Machinery
£
£
111,636
15,938
0
0
0
0
111,636
15,938
80,815
15,238
5,582
55
0
0
86,397
15,293
25,239
645
30,821
700		 Totals
£
749,824
0
0
749,824
285,153
18,082
0
303,235
446,589
464,671
3. Debtors
Other Debtors
4. Creditors: Amounts falling due within one year
Other Creditors
5. Creditors: Amounts falling due after more than one year
Barclays Bank
Kingdom Bank		 2022
2021
£
£
63,444
30,898
2022
2021
50,778
69,709
2022
2021
0
0
330,456
346,603
330,456
346,603

The Kingdom Bank loan is repayable in 30years and is subject to a variable rate of interest of 2.5% above the Bank of England rate. It is secured against the freehold building at 89 Vallentin Road, London E17 3JJ

The Kingdom Bank loan is repayable in 30years and is subject to a variable rate of interest of 2.5% above the Bank of England rate. It is secured against the freehold building at 89 Vallentin Road, Londo E17 3JJ

IMMANUEL INTERNATIONAL CHRISTIAN MINISTRIES

Notes to the financial Statements for the Year Ended 30 June 2022

Income:
Tithes & offerings
Gift Aid Donations
Women of Excellence
Rent Receivable
Profit on disposal of asset
Expenditure:
Music
Printing, postage & stationery
Repairs & renewals
Love gifts
Members' activities
Conferences
Vicarage Expenses
Legal, Agency & Consultancy fees
WEI
General expenses
Mortgage, rates & utilities
Insurance		 2022
2021
£
£
£
£
39,867
48,675
0
0
0
0
20,000
20,000
59,867
68,675
0
780,355
0
0
0
0
659
1,399
823
14,768
0
0
0
0
0
0
180
21,338
200
0
21,233
4,086
12,416
35,974
2,987
2,258
Bank charges & Interest
Provision for bad debts
Depreciation
Excess of Income over
Expenditure		 408
0
18,082		 501
0
18,082
(56,987)
(98,407)
2,880
750,623