Registered Charity Number :- 1062987
CHRISTIAN MISSIONARY FELLOWSHIP INTERNATIONAL
TRUSTEES’ REPORT AND
FINANCIAL STATEMENTS
FOR THE YEAR END 31 December 2023
Christian Missionary Fellowship International 23 Bilston Road Tipton West Midlands cmfiuk@aol.com
CHRISTIAN MISSIONARY FELLOWSHIP INTERNATIONAL
CONTENTS
FOR THE YEAR ENDED 31 December 2023
REFERENCE AND ADMINISTRATIVE INFORMATION ........................................................................................... 3 TRUSTEES' REPORT ....................................................................................................................................................... 4 INDEPENDENT EXAMINER'S REPORT ....................................................................................................................... 5 STATEMENT OF FINANCIAL ACTIVITIES ................................................................................................................ 6 BALANCE SHEET ........................................................................................................................................................... 7 NOTES TO THE FINANCIAL STATEMENTS .............................................................................................................. 7
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CHRISTIAN MISSIONARY FELLOWSHIP INTERNATIONAL
REFERENCE AND ADMINISTRATIVE INFORMATION
FOR THE YEAR ENDED 31 December 2023
Trustees
Michael Wanderema. Chair (Trustee) Pastor Philip N Donald. (Trustee) Ruth Angum N Donald (Trustee) William Grier (Trustee) Albert Lea (Trustee) Ayo Toma (Trustee)
Charity's Registered Number : 1062987
Registered Office
23 Bilston Road Tipton West Midlands DY4 0BT
Independent Examiner
First4Customers Ltd 56 Longbridge Road Suite 5 IG11 8RT
Bankers
Barclays Bank PLC 260 Walworth Road London SE17 1JF
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CHRISTIAN MISSIONARY FELLOWSHIP INTERNATIONAL
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 December 2023
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees submit their annual report and the financial statements of Christian Missionary Fellowship International (the charity) for the year ended 31 December 2023. The trustees confirm that the annual report and financial statements of the Charity comply with current statutory requirements, the requirements of the Charity's governing document and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" effective I January 2015.
CONSTITUTION, POLICIES AND OBJECTIVES:
There have been no changes in the objectives since the last annual report.
METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES
The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Charity Commission Scheme.
VOLUNTEERS
The Charity is grateful for the unstinting efforts of its volunteers who are involved in evangelism, children ministries and other numerous tasks in order to ensure that the objectives of the Charity are met. The Charity plans to re-appoint volunteers and coordinators to ensure that the best values are derived from the sterling efforts of our volunteers.
PRINCIPAL ACTIVITIES
The principal activities of the charity include Christian worship, Evangelism, Encouraging participation in various ministries and engaging the ministers to propagate Christian tenets to members and nonmembers. During the year the Trustees are glad to report that the Church continues to carry out important missionary works in various locations throughout the UK.
FUNDRAISING ACTIVITIES/INCOME GENERATION
The main sources of income of the charity are from members in the form of tithes and offerings, and the general public in the form of donations. The funds are applied towards charity administration and planned local and international projects.
INVESTMENT POLICY AND PERFORMANCE
The charity has invested in a freehold property which is held in trust by the trustees.
This report was approved by the Trustees on 21 October 2024 and signed on its behalf.
by Reverend Philip N Donald, Trustee ... ... Philip Donald ……
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CHRISTIAN MISSIONARY FELLOWSHIP INTERNATIONAL
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 December 2023
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHRISTIAN MISSIONARY FELLOWSHIP INTERNATIONAL
I report on the financial statement of the charity for the year ended 31 December 2023 which comprises the Statement of Financial Activities and Balance Sheet, with the related notes.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The charity's Trustees are responsible for the preparation of the financial statements, and they consider that an audit is not required for the year ended, under section 145(1)(a) of the Charities Act 2011 (the Act), and an independent examination is needed.
It is my responsibility to:
. examine the financial statements under section 145 of the Act;
. follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(a) of the Act; and
. 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 Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, 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, no opinion is given as to whether the financial statements 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: . to keep accounting records in accordance with section 130 of the Act; and
.to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the Act have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
Signed:
Dated: 21/10/2024
FIRST4CUSTOMERS LTD Suite 5, 56 Longbridge Road London, IG11 8RT
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CHRISTIAN MISSIONARY FELLOWSHIP INTERNATIONAL
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 December 2023
| Recommended categories by activity Notes Income and endowments from: Donations and legacies 2 Other 3 Total Expenditure on: Raising funds 4 Charitable activities 5 Other 6 Total Net income/(expenditure) Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds £ Total Funds 2023 £ Total Funds 2022 £ 86,040.05 86,040.05 138,937.23 26.02 26.02 97.70 |
|---|---|
| 86,066.07 86,066.07 139,034.93 |
|
| 4,836.00 4,836.00 - 45,010.36 45,010.36 215,065.36 22,106.71 22,106.71 46,078.21 |
|
| 71,953.07 71,953.07 261,143.57 |
|
| 14,113.00 14,113.00 (122,108.64) |
|
| 14,113.00 14,113.00 (122,108.64) 92,144.36 92,144.36 214,253.00 |
|
| 106,257.36 106,257.36 92,144.36 |
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CHRISTIAN MISSIONARY FELLOWSHIP INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 December 2023
| Recommended categories by activity Notes Fixed assets Tangible assets 7 Total fixed assets Current assets Debtors 8 Cash at bank and in hand 9 Total current assets Creditors: amounts falling due within one year 10 Net current assets/(liabilities) Total assets less current liabilities Creditors: amounts falling due after one year 11 Total net assets or liabilities Funds of the Charity Unrestricted funds 12 Restricted income funds 12 Endowment funds 12 Total funds |
Unrestricted funds £ Total Funds 2023 £ Total Funds 2022 £ 165,673.00 165,673.00 63,173.00 |
|---|---|
| 165,673.00 165,673.00 63,173.00 |
|
| - - - 28,283.61 28,283.61 17,615.36 28,283.61 28,283.61 17,615.36 9,653.00 9,653.00 9,653.00 18,630.61 18,630.61 7,962.36 |
|
| 184,303.61 184,303.61 71,135.36 |
|
| 555.25 555.25 4,000.00 |
|
| 183,748.36 183,748.36 67,135.36 |
|
| 106,257.36 106,257.36 92,144.36 - - - - |
|
| 106,257.36 106,257.36 92,144.36 |
The financial statements were approved by the Board on 21-Oct-2024 and signed on its behalf by:
PHILIP NDASI DONALD…. Philip Donald ……
REVEREND NOTES TO THE FINANCIAL STATEMENTS
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CHRISTIAN MISSIONARY FELLOWSHIP INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 December 2023
1 Accounting Policies
1.1 Accounting Policies
The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows.
1.2 Basis of preparation
These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation.
These accounts have been prepared in accordance with “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
These accounts are presented in pounds sterling and rounded to the nearest pound.
1.3 Going concern
The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts.
1.4 Expenditure
Expenditure is recognised when a present legal or constructive obligation exists at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefits will be required to settle the obligation, and the amount can be estimated reliably. It is inclusive of VAT which cannot be recovered.
Direct costs are those costs which directly attribute to its activities. Wages and salaries are allocated to direct costs based on an estimate of time spent on charitable activities by staff members.
Support costs include staff costs and are those which do not produce a direct output. Staff costs relate to specific activities and this is reflected in the allocation of payroll costs based on the percentage of time spent.
All costs, including governance costs, are allocated between the expenditure categories of the charity on a basis designed to reflect the use of the resource. Costs relating to a particular activity are charged directly; others are apportioned on an appropriate basis.
Support costs and overheads have been calculated by allocating staff time to the level of involvement in the various activities of the Charity.
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CHRISTIAN MISSIONARY FELLOWSHIP INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 December 2023
1.5 Debtors
Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
2 Income from Donations and Legacies
| Analysis Donation and gifts Other |
Unrestricted funds Total funds 2023 Total funds 2022 £ £ £ 51,452.36 51,452.36 107,166.37 34,587.69 34,587.69 31,770.86 |
|---|---|
| 86,040.05 86,040.05 138,937.23 |
3 Other Income
| Analysis Other |
Unrestricted funds Total funds 2023 Total funds 2022 £ £ £ 26.02 26.02 97.70 |
|---|---|
| 26.02 26.02 97.70 |
4 Expenditure on Raising Funds
| Analysis Rent collection, property repairs and maintenance charges |
Total funds 2023 Total funds 2022 £ £ 4,836.00 - |
|---|---|
| 4,836.00 - |
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CHRISTIAN MISSIONARY FELLOWSHIP INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 December 2023
5 Expenditure on Charitable Activities
| Analysis Charity running cost Printing and stationery Bank charges Legal/professional fees Wages and salaries |
Total funds 2023 Total funds 2022 £ £ 37,423.55 100,202.97 - 7,717.00 88.00 216.83 1,100.00 103,228.56 6,398.81 3,700.00 |
|---|---|
| 45,010.36 215,065.36 |
6 Other Expenditure
| Analysis Other Expenditure India Mission UK Missions Gospel Mission Youth Camp South Korea Mission |
Unrestricted funds Total funds 2023 Total funds 2022 £ £ £ 1,512.00 1,512.00 2,570.22 9,587.00 9,587.00 30,007.99 5,607.71 5,607.71 - 5,400.00 5,400.00 - - - 12,000.00 - - 1,500.00 |
|---|---|
| 22,106.71 22,106.71 46,078.21 |
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CHRISTIAN MISSIONARY FELLOWSHIP INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 December 2023
7 Tangible Fixed Assets
7.1 Cost or valuation
| Freehold Land & | Other Land & | Motor | Fixtures & | Computer | |
|---|---|---|---|---|---|
| Buildings | Buildings | Vehicles | Fittings | Equipment | |
| £ | £ | £ | £ | £ | |
| At 01 January 2023 |
61,928.00 | - | 2,000.00 | 15,701.00 | 1,653.00 |
| Additions | - | 102,500.00 | - | - | - |
| Disposals | - | - | - | - | - |
| Revaluations | - | - | - | - | - |
| Transfers | - | - | - | - | - |
| At 31 December 2023 |
61,928.00 | 102,500.00 | 2,000.00 | 15,701.00 | 1,653.00 |
| 7.2 Amortisation | and impairments | ||||
| Freehold Land & | Other Land & | Motor | Fixtures & | Computer | |
| Buildings | Buildings | Vehicles | Fittings | Equipment | |
| £ | £ | £ | £ | £ | |
| At 01 January 2023 |
- | - | 1,999.00 | 15,697.00 | 413.00 |
| Additions | - | - | - | - | - |
| Disposals | - | - | - | - | - |
| Revaluations | - | - | - | - | - |
| Transfers | - | - | - | - | - |
| At 31 December 2023 |
- | - | 1,999.00 | 15,697.00 | 413.00 |
| 7.3 Net book value | |||||
| Freehold Land & | Other Land & | Motor | Fixtures & | Computer | |
| Buildings | Buildings | Vehicles | Fittings | Equipment | |
| £ | £ | £ | £ | £ | |
| At 01 January 2023 |
61,928.00 | - | 1.00 | 4.00 | 1,240.00 |
| At 31 December 2023 |
61,928.00 | 102,500.00 | 1.00 | 4.00 | 1,240.00 |
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CHRISTIAN MISSIONARY FELLOWSHIP INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 December 2023
8 Debtors: Amounts falling due within one year
| Other debtors 9 Cash at bank and in hand Cash at bank and on hand Other Barclays Business Account Saving Account 10 Creditors: Amounts falling due Other creditors 11 Creditors: Amounts falling due Other creditors |
Total funds 2023 Total funds 2022 £ £ 25,009.00 25,009.00 |
|---|---|
| 25,009.00 25,009.00 |
|
| Total funds 2023 Total funds 2022 £ £ 2,332.90 - 1,422.00 1,422.00 16,452.23 128,166.42 8,076.48 (111,973.06) |
|
| 28,283.61 17,615.36 |
|
| within one year Total funds 2023 Total funds 2022 £ £ 9,653.00 9,653.00 |
|
| 9,653.00 9,653.00 |
|
| after one year Total funds 2023 Total funds 2022 £ £ 555.25 4,000.00 |
|
| 555.25 4,000.00 |
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CHRISTIAN MISSIONARY FELLOWSHIP INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 December 2023
12 Charity funds
12.1 Details of material funds held and movements during the CURRENT reporting period
| Fund names Unrestricted funds General Fund Unrestricted General Funds Total 12.2 Details of material Fund names Unrestricted funds General Fund Unrestricted General Funds Total |
Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ (122,108.64) 86,066.07 (71,953.07) - - (107,995.64) |
|---|---|
| 214,253.00 - - - - 214,253.00 |
|
| 92,144.36 86,066.07 (71,953.07) - - 106,257.36 |
|
| funds held and movements during the PREVIOUS reporting period Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ - 139,034.93 (261,143.57) - - (122,108.64) |
|
| 214,253.00 - - - - 214,253.00 |
|
| 214,253.00 139,034.93 (261,143.57) - - 92,144.36 |
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