## **CHRIST DISCIPLES FAITH MINISTRIES FINANCIAL STATEMENT FOR THE YEAR ENDED 31 MARCH 2025**
|**CONTENTS**
**1. CHARITY INFORMATION**
**2. ACCOUNTANT’S REPORT**
**3. REPORT OF THE TRUSTEES**
**4. BALANCE SHEET**
**5. INCOME AND EXPENDITURE ACCOUNT**
**6. NOTES TO THE ACCOUNTS**|**PAGES**|
|---|---|
||**1**
**2**
**3-4**
**5**
**6**
**7-9**|
## **CHRIST DISCIPLES FAITH MINISTRIES CHARITY INFORMATION FOR THE YEAR ENDED 31 MARCH 2025**
**CHARITY NO.:** 1064409 **REGISTERED OFFICE:** The Gables 1 Welling Road, Orsett, Grays Essex RM16 3DF **BANKERS NATWEST LLOYDS ACCOUNTANTS:** Colinson and Company Ltd. Accountants & Tax Consultants 210 Church Road, Room 113 Regent 88 Offices Leyton. London E10 7JQ
**Page 1**
## **ACCOUNTANTS’ REPORT TO THE TRUSTEES OF CHRIST DISCIPLES FAITH MINISTRIES FOR THE YEAR ENDED 31 MARCH 2025**
We have examined the financial statements on pages 5 to 6, which have been prepared under the accounting policies set out on page 4 for the year ended 31 March 2025.
## **Respective responsibilities of Trustees and Examiner**
The Trustees are responsible for the preparation of accounts, and they consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed.
It is our responsibility to
- examine the accounts (under section 43(3)(a) of the 1993 Act);
- to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 43(7)(b) of the 1993 Act); and
- to state whether particular matters have come to my attention.
## **Basis of Opinion**
We conducted our examination 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.
## **Opinion**
In connection with the 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 41 of the 1993 Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 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 accounts to be reached.
**COLINSON AND COMPANY LTD 210 CHURCH ROAD, ROOM 113 ACCOUNTANTS & TAX REGENT 88 OFFICE, LEYTON CONSULTANTS LONDON E10 7JQ**
**DATE ..............................…............**
**Page 2**
## **CHRIST DISCIPLES FAITH MINISTRIES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025**
The trustees present their report along with the financial statements of the charity for the year ended 31[st] March 2025. The financial statements have been prepared in accordance with the accounting policies set out on page 4 and comply with the charity’s trust deed and are applicable below.
## **Constitution and objects**
Christ Disciples Faith Ministries is constituted under a trust deed and is a registered charity number 1064409.
The objects of the charity are worshipping of God, spreading the word and preaching the Gospel of Christ and the life after death. To contribute to the health and educational needs of the community.
## **Organisation**
The trustees who have served during the year and since the year end are set out below: -
Rev. Stephen Popoola Rev. Samson Adeboye Adegboyega Re. Oluwole Adeleke Bella Rev. Rachel Popoola
## **Reserves Policy**
It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which equates to approximately six months unrestricted expenditure. This provides sufficient funds to cover management and administration and support costs and to respond to emergency applications for grants which arise from time to time. Unrestricted funds were maintained at this level throughout the year.
## **Risk Management**
The Trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.
**Page 3**
## **CHRIST DISCIPLES FAITH MINISTRIES REPORT OF THE TRUSTEES (CONTD.) FOR THE YEAR ENDED 31 MARCH 2025**
## **Trustees’ responsibilities in relation to the financial statements**
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the trustees are required to: -
- Select suitable accounting policies and then apply them consistently;
- Make judgements and estimates that are reasonable and prudent;
- State whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements; and
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees and signed on their behalf by:
**……………………………………………**
**Date ………………………….**
**Page 4**
## **CHRIST DISCIPLES FAITH MINISTRIES STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025**
|**INCOME**
Incoming resources from donors
Other incoming resources
**TOTAL INCOMING RESOURCES**
**RESOURCES EXPENDED**
Costs of generating funds
Missionary and Charitable giving
Activities directly relating to the
work of the church
Church management and administration
**TOTAL RESOURCES EXPENDED**|**Notes**
2
3
3a
3b
3c|**Unrestricted**
**Funds**
**£**
47 720
-
47 720
8 550
-
25 577
5 729
39 856|**Restricted**
**Funds**
**£**
-
-
-
-
-
-
-
-|**Restricted**
**Funds**
**£**
-
-
-
-
-
-
-
-|**Restricted**
**Funds**
**£**
-
-
-
-
-
-
-
-|**Endowment**|**Endowment**|**Total Funds**
**2025**
**£**
47 720
-
47 720
8 550
-
25 577
5 729
39 856|**2024**
**£**
46 710
-
46 710|
|---|---|---|---|---|---|---|---|---|---|
||||||||**Funds**
**£**
-
-
-
-
-
-
-
-|||
|||||||||||
||||||-|||||
||||||-
-
-
-||||10 095
-
26 975
6 754
43 824|
||||||-|||||
NET INCOMING/(OUTGOING) RESOURCES 7 864 - - 7 864 2 886 GAINS AND LOSSES ON INVESTMENTS - - - - - NET MOVEMENT IN FUNDS 7 864 - - 7 864 2 886
**Page 5 CHRIST DISCIPLES FAITH MINISTRIES BALANCE SHEET AS AT 31 MARCH 2025**
## **FIXED ASSETS**
Tangible Assets
## **CURRENT ASSETS**
Debtors & Prepayments Bank/Cash Balances
**----- Start of picture text -----**
2025 2024
Notes £ £ £ £
4 1 073 135
5 0 0
1 887 435
1 887 435
**----- End of picture text -----**
## **CURRENT LIABILITIES**
|Creditors and Accruals
6
805
**LONG CURRENT LIABILITIES**
Loan - Bounced Back Loan
**UNRESTRICTED FUNDS**
Accumulated Funds B/F
(18 664)
Net movement in funds
7 864
Prior Year Adjustment
Accumulated Funds C/F|805
1 082
**2 155**
**12 955**
**(10 800)**
(21 550)
2 886
**(10 800)**|-370
**-235**
**18 429**
**(18 664)**
**(18 664)**|-370|
|---|---|---|---|
||||**-235**|
||||**429**|
||||**664)**|
APPROVED BY THE BOARD OF TRUSTEES ON …………………………………………………
**AND SIGNED ON THEIR BEHALF BY: ……………………………………….**
Signed **……………………………………………..**
The notes on pages 7 to 9 form part of these financial statements
## **Page 6 CHRIST DISCIPLES FAITH MINISTRIES NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025**
## **1 ACCOUNTING POLICIES**
- **a.** The accounts are prepared under the historical cost convention with the exception of investments which are stated at market value. They comply with the requirements of Statement of Recommended Practice Accounting Charities' ('SORP') and are in accordance with applicable accounting standards.
- **b.** General accumulated funds are unrestricted funds available to the church for its general purposes and include funds designated by the Church for a particular purpose; the use of such designated funds remains at the discretion of the Church's Trustees.
- **c.** There is no Restricted Fund at the moment.
- **d.** The governance, management and administration expenses reported in note 3 relate to the whole of the Church's activities and a proportion of these charges are allocated to expenditure headings on a basis consistent with the use of the resources.
- **e.** Investments are stated at market value. It is the Church's policy to keep valuations up to date such that when investments are sold there is no gain or loss arising to previous years.
- **f.** Tangible assets are included at cost and depreciation is provided on a straight line basis, in order to write off the assets over their useful lives.
- **g.** All expenditure is accounted for on an Accrual Basis.
## **The depreciation rates are as follows:**
|**The depreciation rates are as follows:**||
|---|---|
|Motor Vehicle|20%|
|Recording Equipment|10%|
|Refurbishment|10%|
|Musical Equipment|10%|
|Computer and Office Equipment|10%|
|Fixtures and Fittings|10%|
|**2**|**INCOMING RESOURCES**
Collection
Tithes & Appeal
Other income
Gift Aid
**TOTAL INCOMING RESOURCES**|**Unrestricted**
**Funds**
**£**
12 024
24 048
4 008
7 640
**47 720**|**Restricted**
**Funds**
**£**
-
-
-
-
**-**|**Restricted**
**Funds**
**£**
-
-
-
-
**-**|**Endowment**
**Funds**
**£**
-
-
-
-
**-**|**2025**
**2024**
**£**
**£**
12 024
10 973
24 048
21 946
4 008
3 658
7 640
10 133
**47 720**
**46 710**
**Total Funds**|**2025**
**2024**
**£**
**£**
12 024
10 973
24 048
21 946
4 008
3 658
7 640
10 133
**47 720**
**46 710**
**Total Funds**|
|---|---|---|---|---|---|---|---|
|||||||||
|||||**-**|||**46 710**|
## **Page 7**
## **CHRIST DISCIPLES FAITH MINISTRIES NOTES TO THE FINANCIAL STATEMENTS (CONTD.) FOR THE YEAR ENDED 31 MARCH 2025**
|**Unrestricted**
**Funds**
**£**
**3. RESOURCES EXPENDED**
**3a.**
_Missionary and charitable giving:_
8 550
**8 550**
**3b.**
_Activities directly relating to the work of the Church_
Church - running expenses
23 401
Church maintenance
631
Training conferences and meeting
0
Expenditure on ministry's magazine and boo
-
Evangelism
680
Welfare
865
**25 577**
**3c.**
_Church management and administration_
Administration
5 274
Bank Charges
455
**5 729**
**TOTAL RESOURCES EXPENDED**
**39 856**
**4**
**FIXED ASSETS**
**Motor**
**Recording**
**Refubish-**
**Vehicle**
**Equipment**
**ment**
**£**
**£**
**£**
Cost
At 1 April 2024
5 000
34 674
15 291
Additions
0
0
0
**5 000**
**34 674**
**15 291**|**Restricted**
**Funds**
**£**
-
**-**
-
-
-
-
-
-
**-**
-
-
**-**
**-**
**Musical**
**Equipment**
**£**
40 101
0
**40 101**|**Endowment**
**Funds**
**£**
-
**-**
-
-
-
-
-
-
**-**
-
-
**-**
**-**
**Computer**
**& Office**
**Equipment**
**£**
18 958
340
**19 298**|**Endowment**
**Funds**
**£**
-
**-**
-
-
-
-
-
-
**-**
-
-
**-**
**-**
**Computer**
**& Office**
**Equipment**
**£**
18 958
340
**19 298**|**2025**
**2024**
**£**
**£**
8 550
10 095
**8 550**
**10 095**
23 401
21 870
631
1 060
0
0
-
-
680
1 390
865
2 655
**25 577**
**26 975**
5 274
5 455
455
1 299
**5 729**
**6 754**
**43 824**
**Fixtures**
**& Fittings**
**Total**
**£**
**£**
20 465
134 489
750
1 090
**21 215**
**135 579**
**Total Funds**|
|---|---|---|---|---|
||||||
||||||
## **Aggregate Depreciation**
|**Aggregate Depreciation**|||||||||
|---|---|---|---|---|---|---|---|---|
|At 1 April 2024
For the year
At 31 March 2025
**Net Book Value**
**At 31 March 2025**
**At 31 March 2024**|4 999
0
**4 999**
**1**
**1**|34 673
0
**34 673**
**1**
**1**|15 290
0
**15 290**
**1**
**1**|40 100
0
**40 100**
**1**
**1**|18 828
77
**18 905**
**393**
**130**|20 464
75
**20 539**
**676**
**1**|134 354
152
**134 506**||
|||||||||**1 073**|
|||||||||**135**|
**Page 8**
**CHRIST DISCIPLES FAITH MINISTRIES NOTES TO THE FINANCIAL STATEMENTS (CONTD.) FOR THE YEAR ENDED 31 MARCH 2025**
|**5 **
**6 **
**7 **|**DEBTORS AND PREPAYMENTS**
**2025**
**2024**
Prepayment and Accrued Income
0
0
**0**
**0**
**CREDITORS AND ACCRUALS**
Accountancy and Book-keeping
805
805
Other Creditors and Accruals
-
-
**805**
**805**
**CLERGY ALLOWANCES**|**DEBTORS AND PREPAYMENTS**
**2025**
**2024**
Prepayment and Accrued Income
0
0
**0**
**0**
**CREDITORS AND ACCRUALS**
Accountancy and Book-keeping
805
805
Other Creditors and Accruals
-
-
**805**
**805**
**CLERGY ALLOWANCES**|
|---|---|---|
|||**805**|
Pastors Allowances
-
-
No employee received remuneration amounting to more than £50,000 in the year.
## **8 FUNDS**
Unrestricted funds comprise those funds which the trustees are free to use in accordance with the charitable objectives.
This is an unincorporated charity, constituted by trust deed. It's principal objective is spreading the word and preaching the Gospel of Christ and the life after life. To contribute to the health and educational needs of the community. It has unrestricted funds. Accordance with the SORP and with applicable accounting standards.
**Page 9**
## **CHRIST DISCIPLES FAITH MINISTRIES FINANCIAL STATEMENT FOR THE YEAR ENDED 31 MARCH 2025**
|**CONTENTS**
**1. CHARITY INFORMATION**
**2. ACCOUNTANT’S REPORT**
**3. REPORT OF THE TRUSTEES**
**4. BALANCE SHEET**
**5. INCOME AND EXPENDITURE ACCOUNT**
**6. NOTES TO THE ACCOUNTS**|**PAGES**|
|---|---|
||**1**
**2**
**3-4**
**5**
**6**
**7-9**|
## **CHRIST DISCIPLES FAITH MINISTRIES CHARITY INFORMATION FOR THE YEAR ENDED 31 MARCH 2025**
**CHARITY NO.:** 1064409 **REGISTERED OFFICE:** The Gables 1 Welling Road, Orsett, Grays Essex RM16 3DF **BANKERS NATWEST LLOYDS ACCOUNTANTS:** Colinson and Company Ltd. Accountants & Tax Consultants 210 Church Road, Room 113 Regent 88 Offices Leyton. London E10 7JQ
**Page 1**
## **ACCOUNTANTS’ REPORT TO THE TRUSTEES OF CHRIST DISCIPLES FAITH MINISTRIES FOR THE YEAR ENDED 31 MARCH 2025**
We have examined the financial statements on pages 5 to 6, which have been prepared under the accounting policies set out on page 4 for the year ended 31 March 2025.
## **Respective responsibilities of Trustees and Examiner**
The Trustees are responsible for the preparation of accounts, and they consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed.
It is our responsibility to
- examine the accounts (under section 43(3)(a) of the 1993 Act);
- to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 43(7)(b) of the 1993 Act); and
- to state whether particular matters have come to my attention.
## **Basis of Opinion**
We conducted our examination 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.
## **Opinion**
In connection with the 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 41 of the 1993 Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 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 accounts to be reached.
**COLINSON AND COMPANY LTD 210 CHURCH ROAD, ROOM 113 ACCOUNTANTS & TAX REGENT 88 OFFICE, LEYTON CONSULTANTS LONDON E10 7JQ**
**DATE ..............................…............**
**Page 2**
## **CHRIST DISCIPLES FAITH MINISTRIES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025**
The trustees present their report along with the financial statements of the charity for the year ended 31[st] March 2025. The financial statements have been prepared in accordance with the accounting policies set out on page 4 and comply with the charity’s trust deed and are applicable below.
## **Constitution and objects**
Christ Disciples Faith Ministries is constituted under a trust deed and is a registered charity number 1064409.
The objects of the charity are worshipping of God, spreading the word and preaching the Gospel of Christ and the life after death. To contribute to the health and educational needs of the community.
## **Organisation**
The trustees who have served during the year and since the year end are set out below: -
Rev. Stephen Popoola Rev. Samson Adeboye Adegboyega Re. Oluwole Adeleke Bella Rev. Rachel Popoola
## **Reserves Policy**
It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which equates to approximately six months unrestricted expenditure. This provides sufficient funds to cover management and administration and support costs and to respond to emergency applications for grants which arise from time to time. Unrestricted funds were maintained at this level throughout the year.
## **Risk Management**
The Trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.
**Page 3**
## **CHRIST DISCIPLES FAITH MINISTRIES REPORT OF THE TRUSTEES (CONTD.) FOR THE YEAR ENDED 31 MARCH 2025**
## **Trustees’ responsibilities in relation to the financial statements**
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the trustees are required to: -
- Select suitable accounting policies and then apply them consistently;
- Make judgements and estimates that are reasonable and prudent;
- State whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements; and
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees and signed on their behalf by:
**……………………………………………**
**Date ………………………….**
**Page 4**