CHARITY No 01067910 COMPANY No 03412337
CHRIST UNITED MINISTRIES INTERNATIONAL (A Company Limited by Guarantee)
TRUSTEES’ REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] DECEMBER 2022
CHRIST UNITED MINISTRIES INTERNATIONAL (A Company Limited by Guarantee)
CONTENTS
| Page | ||
|---|---|---|
| 1. | Legal and Administrative Information | 1 |
| 2. | Trustees’ Report | 2-3 |
| 3. | Independent Examiner’s Report | 4-5 |
| 4. | Statement of Financial Activities | 6 |
| 5. | Income and Expenditure Account | 7 |
| 6. | Balance Sheet | 8-9 |
| 7. | Notes to Financial Statements | 10-13 |
CHRIST UNITED MINISTRIES INTERNATIONAL (A Company Limited by Guarantee)
Legal and Administrative Information
| Charity Number | 1067910 |
|---|---|
| Company Registration Number: | 34412337 |
| Business Address: | Unit 5, 17 Argall Avenue |
| Argall Industrial Estate | |
| London | |
| England | |
| E10 7QE | |
| Registered Address: | 59 Colin Gardens |
| Collingdale | |
| London | |
| NW9 6EP | |
| Trustees: | Matthew Adetoyese OLUWAJOBA |
| Olumuyina Bamidele OLASHORE | |
| Olusegun GOMES | |
| Secretary: | Rosemary Alabi |
| Accountants: | Charterbrook Accountants |
| Chartered Management Accountants & | |
| Business Consultants | |
| 117 Island Business Centre | |
| 18-36 Wellington Street, | |
| Woolwich | |
| SE18 6PF |
Page 1
CHRIST UNITED MINISTRIES INTERNATIONAL
(A Company Limited by Guarantee)
The trustees’ report (incorporating the directors’ report) for the year ended 31 December 2022.
The trustees at this moment present their report and the financial statements for the year ended 31 December 2022 in accordance with the governing policy of the charity and the requirements of the Charity Commission. The trustees, who are also directors of the company and served during the year and up to this report, are Reverend Mathew Adetoyese Oluwajoba, Pastor Olumuyiwa Olashore and Pastor Olusegun Gomes.
Structure, governance, and management
Structure
Christ United Ministries International is a charity registered with the Charity Commission in England and Wales, registration number 1067910.
Governance
Its memorandum and articles of association govern the charity.
Management
The trustees, the chairperson leads, are responsible for day-to-day management and administration. The selection of trustees is based on a suggestion, their qualifications, availability for meetings, and areas of expertise, but most importantly, their commitment to achieving the charity's primary goals. The trustees meet regularly in formal and informal settings to discuss any legislative, management, procedural, and ethical concerns that need to be resolved and the best ways to do so within the legal framework. All charity operations, trustee decisions, and day-to-day management are considered to comply with all legal obligations.
Objectives and activities
The objective of charity is the advancement of the Christian religion.
Achievements and performance
Impact On The Community
The Charity organisation is still actively involved in enhancing the lives of youth and adults who are both elderly and young during this time and increasing gospel evangelism. During the reporting period, the charity considered the diversity of its community in all aspects of its activities. It seeks to sway opinion and raise awareness of its presence and, more crucially, its primary goal of helping the community. In the upcoming year, we hope the conditions will be favourable for the church to carry out its primary goals of enhancing community life to the best of its abilities.
Work In The Community
During the year, the church continues to reach out to the needy, especially church members and the destitute within and outside the community, by providing assistance to them at times of need, especially those who are the victims of hunger, disease, poverty, orphans by supplying them with food, shelter, medical aid, and other fundamental needs.
Financial review
To the best of their knowledge, the trustees considered the charity’s financial position adequate. The principal funding sources have been voluntary donations and offerings from its members. Income and Expenditure in the year, as indicated on page 5 of the financial statements, were better when compared with the last year.
Plans for future periods
The charity has it in view of broadening its achievements during the following year’s financial period through more voluntary activities, including outreaches, organising more youth programmes, sponsoring members, especially the youth, on courses that will enhance their knowledge of church growing and winning of souls to Christ. It will endeavour to meet its primary objectives of creating and cultivating a healthy church environment through love, unity, and fellowship and equipping and edifying believers for the work of the Lord by embracing the five-fold ministry: apostles, prophets, evangelists, pastors, and teachers.
Page 2
CHRIST UNITED MINISTRIES INTERNATIONAL
(A Company Limited by Guarantee)
Report of the trustees (incorporating the directors’ report) for the year ended 31 December 2022 (continues).
Statement of trustees’ responsibilities
The trustees are responsible for preparing the annual report and the financial statements in accordance with applicable law and the United Kingdom Generally Accepted Accounting Practice.
Company law requires the trustees to prepare financial statements for each financial year, which gives a true and fair view of the charity's state of affairs and the surplus or deficit of the charity for that period. In preparing these financial statements, the trustees have taken into consideration the following:
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suitable accounting policies and then applied them consistently.
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made judgments and estimates that were reasonable and prudent; and
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prepared the financial statements on a going concern basis and having no knowledge that the charity would not continue in operation in the following year.
Small company provisions
This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.
Signed and Dated On behalf of the Board:
Reverend Mathew Adetoyese Oluwajoba
29/09/2023
CHRIST UNITED MINISTRIES INTERNATIONAL
BALANCE SHEET AS AT 31ST DECEMBER 2022
| Notes FIXED ASSETS Tangible fixed assets 1C & 3 CURRENT ASSETS Debtors and prepayments 4 Cash at bank and in hand CURRENT LIABILITIES Creditors: Amount falling due within one year 5 LONG TERM LIABILITIES Creditors: Amount falling more than one year Net Current Assets Net Assets RESERVES Revaluation reserve Income and Expenditure account MEMBERS'S FUNDS |
£ £ 315,382 0 27,375 27,375 (28,155) (170,389) (171,169) 144,213 132,068 12,145 144,213 2022 |
£ £ 320,612 0 20,198 20,198 (25,314) (183,428) (188,544) 132,068 115,507 16,561 132,068 2021 |
£ £ 320,612 0 20,198 20,198 (25,314) (183,428) (188,544) 132,068 115,507 16,561 132,068 2021 |
|---|---|---|---|
| 132,068 | |||
| 115,507 16,561 |
|||
| 132,068 |
For the year ending 31 December 2022 the company was entitled to exception under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
a) The Directors acknowledged their responsibilities for complying with the requirements of the Act with respect to accounting records and for the preparation of Accounts.
b) These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with Finanacial Reporting Standard for Smaller Entities (effective 2008).
These Income and Expenditure Accounts were approved by the Board of Directors on : 29/09/2023
SIGNED ON BEHALF OF THE BOARD BY:
MATTHEW OLUWAJOBA 29/09/2023 Matthe Oluwajoba Date Director
6
CHRIST UNITED MINISTRIES INTERNATIONAL
NOTES TO THE INCOME AND EXPENDITURE STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022
1 ACCOUNTING POLICIES
A BASIS OF ACCOUNTING
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.
B COMPANY LIMITED BY GUARANTEE
The company is limited by quarantee and cosequently does not have share capital
C DEPRECIATION
Depreciation is provided on all tangible assets at rate calculated to write off the cost or valuation less estimated residual value of each asset over its expected life as follows:
Computer Equipments 33⅓% Straight line Motor vehicle 20% Straight line Furniture and Fitting 20% Straight line
2 OPERATING PROFIT
| The operating profit is stated after charging: Depreciation 3 TANGIBLE FIXED ASSETS A COST At 1 January 2022 Additions Disposal Revaluation Transfers At 31 December 2022 B DEPRECIATION At 1 January 2022 Charge for the year On Disposal At 31 December 2022 NET BOOK VALUE At 31 December 2022 At 31 December 2021 |
2022 2021 £ £ 5,230 5,230 Computers & Equip. £ 463,403 0 463,403 £ 142,791 5,230 148,021 315,382 320,612 |
|---|---|
8
5
5
CHRIST UNITED MINISTRIES INTERNATIONAL
NOTES TO THE INCOME AND EXPENDITURE STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022
| Debtors and Prepayment Trade Debtors Creditors: Amount falling due within one year Bank Overdraft Other Creditors Accrual Creditors: Amount falling over one year Other Creditors |
2022 £ 0 0 £ 0 27,405 750 28,155 £ 170,389 170,389 |
2021 £ 0 |
|---|---|---|
| 0 | ||
| £ 0 25,314 0 |
||
| 25,314 | ||
| £ 183,428 |
||
| 183,428 |
4
9
CHRIST UNITED MINISTRIES INTERNATIONAL
| DETAILED INCOME AND | EXPENDITURE ACCOUNTS | EXPENDITURE ACCOUNTS | |||||
|---|---|---|---|---|---|---|---|
| FOR THE PERIOD ENDED 31 DECEMBER | 2022 | ||||||
| 2022 | 2021 | ||||||
| Notes | £ | £ | £ | £ | |||
| INCOME | 48,243 | 43,456 | |||||
| EXPENDITURE | |||||||
| Pastor Allowances | 7,776 | 4,270 | |||||
| Keyboadist | 100 | 70 | |||||
| Business rate | 0 | 8 | |||||
| Utilities | 1,411 | 1,240 | |||||
| Telephone | 500 | 387 | |||||
| Accountancy Fees | 750 | 750 | |||||
| Church Maintainance | 7,389 | 4,795 | |||||
| Charity - love | 11,831 | 9,368 | |||||
| Entertainment | 1,111 | 777 | |||||
| Depreciation | 5,230 | 5,230 | |||||
| (36,098) | (26,895) | ||||||
| INCOME/EXPENDITURE | 12,145 | 16,561 | |||||
| INCOME/EXPENDITURE | 12,145 | 16,561 |
10
CHRIST UNITED (PENTECOSTAL) MINISTRIES (A Company Limited by Guarantee- Charity N0: 1067910)
Independent Examiner's Report
For the Year Ended 31 December 2022.
I have examined the Financial Statements on pages 4 to 9, which have been prepared under the accounting policies set out on page 7.
Respective responsibilities of the Trustees and Examiner
As the Charity’s Trustees, you are responsible for the preparation of the accounts, and as you have considered that the accounts do not require an audit in accordance with Part 16 of the Companies Act 2006, my role is not that of Auditor but an Independent Examiner. However, it is my responsibility to the state, on the basis of procedures and guidance specified in The Commission’s Directions and Guidance given by the Charity Commissioners of the Act, whether particular matters have come to my attention that were of concern to the Commission, the members and the public in general.
Basis of Opinion
I have completed my examination in accordance with The Commission’s Directions and Guidance given by the Charity Commissioner. 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 involves a review of the accounts, the consideration of any unusual items and/ or disclosures provided in the accounts and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence required in an audit, and consequently, I do not express an audit opinion on the view the accounts give.
Opinion
In connection with my examination, no matter of material significance has come to my attention during the independent examination:
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(1) Which might have given rise to a legal duty to report to the Charity Commission:
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(2) Which gives me reasonable cause to believe that in any material in respect of the requirements
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a) To keep accounting records in accordance with section 130 of the Charities Act 2011 and
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b) To prepare accounts which accord with the accounting records and to comply with the accounting requirement of the Act has been met; Or
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c) in connection with the examination, which gives reasonable cause to believe that in any material respect:
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d) accounting records for non-company charities have not been kept in accordance with section 130 of the Charities Act 2011
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(3) That the report provided relates to an independent examination carried out under section 145 of the 2011 Act and that the examination has been conducted in accordance with the Directions given by the Commission
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(4) And that no matters of concern have come to my attention as a result of the independent examination in connection with the examination to which, in my opinion, attention should be drawn in the report to enable a proper understanding of the accounts to be reached.
Olufemi Yinusa (BSc, MSc, MBA, CA BFP, AFA MPA, FCA, FCIT) Date: 29/09/2023 Golden Green Resources Limited 117 Island Business Centre 18-36 Wellington Street Woolwich London, SE18 6PF