REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 2024
FOR
IMMANUEL INTERNATIONAL CHRISTIAN MINISTRIES
REGISTERED CHARITY NUMBER 1059026
IMMANUEL INTERNATIONAL CHRISTIAN MINISTRIES
Contents of the Financial Statements for the Year Ended 30 June 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 |
IMMANUEL INTERNATIONAL CHRISTIAN MINISTRIES
Charity Information
Trustees Rev Dunni Thompson Mr Wole Odetoyinbo Ms Chibugo Nnoruka Principal Location 89 Vallentin Road Walthamstow London E17 3JJ Charity Number 1059026 Independent Exam Greenwich 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 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
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a) Advance the Christian Faith in the UK and all over the world.
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b) Relieve persons who are in conditions of need or hardship, aged or sick in the UK and
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
CHURCH SERVICES – 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 programmes during the week and over the course of the year that our community can tune into using online interfaces and meeting functions to support their spiritual and mental wellbeing. In March 2025, we will be returning to church services in the church building more regularly, this will help a better reach-out to our community and help our children and Youth services increase and be effective.
PRAYER - We conducted online evening Prayers once every week using social media platforms and online conferencing to provide guidance, prayer and reflection as well as companionship and spiritual support for our members, their friends, family and extended networks.
SUNDAY SERVICE - We return to our church building after delayed refurbishment works are completed in March 2025 after an absence because of financial delays caused by the pandemic. We are excited to be able to reach out to the community in the building.
We continue 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. Activities will take place at the church during the week to meet needs of families in the area.
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 new comers and new believers’ classes to cater for international time zones and to allow as many members and international family members.
The community will be able to use the building for recreational activities, learning programs for the young and elder, Mum's and Me groups and "one stop group"
IMMANUEL INTERNATIONAL CHRISTIAN MINISTRIES
Report of The Trustees for the Year Ended 30 June 2024
MINISTRIES:-
Women of Excellence International - We celebrate 25 years of inspiring and transforming the lives of women worldwide in 2025.
We had several breakfasts; October 2023 December 2024 and conferences in the year. Conferences physical and online on health, business, mental heath, Marriage matters and counselling
Iron Sharpens Iron - This year Iron sharpens Iron focused on lively weekly sessions focusing on practical 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 community members every night during the pandemic. Very successful sessions offering people hope through the darkest days of their life.
Nigh Vigil – Held every 1[st] Friday offering Deliverance, healing and restoration for believers .
Golden Ladies 50+ - The Golden Ladies 50+ ministry is picking up after COVID19 pandemic. The elderly meet for prayers and discussion on health, pension and retirement. We did sessions on using social media to contact their loved ones.
Evangelism/Community - The Church has many support networks. We traditionally support the homeless as a demonstration of our faith. We did deliver food parcels to those who had no homes by providing hot meals in winter and and we provided non-perishable goods during the pandemic. The Church has been involved in helping orphanages and widows in the Caribbean and Africa by funding school fees, clothing and learning equipment for children and purchasing business resources for widows.
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 has reached out to many in the London area and on the phone to many overseas. Offering one to one counselling and coaching with a therapist or senior minister
Great expectations - reaching out and connecting to young adults and singles worldwide. Online training in learning how to choose a life partner.
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 for Families' Christmas and New Year activities keeping members of the community engaged.
Building Project: - We have completed refurbishing work on 89 Vallentin Road Walthamstow, this will house the church 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 2024 income was £74,131 compared with £93,247 in 2023. This is a 21% decease in operating income. Charitable expenditure increased to £66,015 from £42,751, an increase of 64%.
IMMANUEL INTERNATIONAL CHRISTIAN MINISTRIES
Report of The Trustees for the Year Ended 30 June 2024
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 and systems will be regularly reviewed.
Trustees
The trustees during the year under review were: Rev Dunni Thompson Mr Wole Odetoyinbo Ms Chibugo Nnoruka
All trustees being eligible offer themselves for election at the forthcoming Annual General Meeting.
……………………………………… Date: 07 February 2025
IMMANUEL INTERNATIONAL CHRISTIAN MINISTRIES
Independent Examiner's Report to the Trustees of Immanuel International Christian Ministries for the year ended 30 June 2024
I report on the accounts of the charity for the year ended 30 June 2024, which are set out on pages 5 to 10.
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:
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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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Commissioners (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 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 unusual 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:
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Which gives me reasonable cause to believe that in any material respect the trustees have not met the requirements to ensure that
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Proper accounting records are kept in accordance with section 130 of the Charities Act,
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and Accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act, 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 Business Services Chartered Certified Accountants 30 Eden Way Bow London E3 2JD
7-Feb-25
IMMANUEL INTERNATIONAL CHRISTIAN MINISTRIES
Statement of Financial Activities for the Year Ended 30 June 2024
| Notes £ Incoming Resources Donations 1 1 69681 Operating activities: Total Incoming Resources 69681 Resources Expended 1 2 Charitable Expenditure Charitable activities 65865 Management & administration 0 65865 Net Incoming Resources 3816 Funds Brought Forward 785028 Funds Carried Forward 788844 General |
£ 4450 4450 150 0 150 4300 2143 6443 I W E Fund |
2024 2023 £ £ 74132 93248 74132 93248 66015 42751 0 0 66015 42751 8117 50497 787171 736674 795288 787171 |
|---|---|---|
IMMANUEL INTERNATIONAL CHRISTIAN MINISTRIES
Balance Sheet
for the Year Ended 30 June 2024
| Notes £ Fixed assets Tangible assets 2 Construction Work-in-Progress Current Assets Debtors 3 65940 Cash at bank and in hand 14891 80831 Creditors Amounts falling due within one year 4 (15778) Net current assets Total assets less current liabilities Creditors Amounts falling due after more than on year Net Assets RESERVES Unrestricted General Fund Restricted Women of Execellence |
2024 £ £ 410425 612908 69589 36788 106377 (15778) 65053 1088386 (293099) 795287 788844 6443 795287 |
2023 £ 428507 566978 90599 |
|---|---|---|
| 1086084 (298913) |
||
| 787171 | ||
| 785028 2143 |
||
| 787171 |
The financial statements were approved by the board and signed on its behalf by
Date: 19 October 2023
IMMANUEL INTERNATIONAL CHRISTIAN MINISTRIES
Notes to the financial Statements for the Year Ended 30 June 2024
1. Accounting Policies
The financial statements are prepared on the historic cost convention. The accounts are in accordance 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, inclusive 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 2% straight line Freehold Improvements 5% straight line Plant & Machinery 10% straight line
IMMANUEL INTERNATIONAL CHRISTIAN MINISTRIES
Notes to the financial Statements
for the Year Ended 30 June 2024
2. Tangible Fixed Assets
| Land and Improvement Plant and Buildings Machinery £ £ £ Cost At 1 July 2023 622250 111636 15938 Additions 0 0 0 Disposals 0 0 0 At 30 June 2024 622250 111636 15938 Depreciation At 1 July 2023 213990 91979 15348 Charge for Year 12445 5582 55 Disposals 0 0 0 At 30 June 2024 226435 97561 15403 Net Book value At 30 June 2024 395815 14075 535 At 30 June 2023 408260 19657 590 3. Debtors 2023 £ Other Debtors 69589 4. Creditors: Amounts falling due within one year 2024 Other Creditors 15778 5. Creditors: Amounts falling due after more than one year 2024 Kingdom Bank 293099 293099 |
Totals £ 749824 0 0 |
|---|---|
| 749824 | |
| 321317 18082 0 |
|
| 339399 | |
| 410425 | |
| 428507 | |
| 2022 £ 63444 |
|
| 2023 15778 |
|
| 2023 298913 |
|
| 298913 |
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
IMMANUEL INTERNATIONAL CHRISTIAN MINISTRIES
Notes to the financial Statements for the Year Ended 30 June 2024
| 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 Bank charges & Interest Provision for bad debts Depreciation Expenditure |
£ 37948 11733 4450 20000 0 0 1574 311 0 4203 0 0 150 4720 33478 3469 28 0 18082 |
2024 2023 £ £ £ 41603 31645 0 20000 74131 93248 0 0 0 0 2109 1907 0 0 0 0 0 11920 5059 3595 80 0 18082 66015 42752 8116 50496 |
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