CHARITY No 01067910 COMPANYNO 03412337 CHRIST UNITED MINISTRIES INTERNATIONAL (A Company Limited by GUantee) TRUSTEES, REPORTS AJND FINANCIAL sTATEfvNTS ST FOR THE YEAR ENDED 31 DECEMBER 2024 Page I
CHRIST UNITED MINISTIUES INTERNATIONAL (A Company Limited by Guatantee) CONTENTS Legal 2nd Administrative In£c)trn2tion Trnstee5' Report 5 Independent Examinet'5 Report St2tetnent 0£ Finaniial Activkties Income and ExPendIttt Account Balance Sheet 9-10 Notes to Finanaal Statements 11-14 Financial Statanents 15-18 Pag¢ 2
CHRIST UNITED MINISTIUES INTERNATIONAL (A Company tAmited by Guarantee Legal and Administrative Inforn]ation Charity Number 1067910 Company Registration Number: 34412337 Bugitie88 Addte88: Unit 5. 17 Argall Avenue Argall Industrial Estate LL)ndon England E107QE Registered Address: 59 Colin Gardcns collingae tA)ndon NW9 GEP Trnstees: Matthew Adetoyese OLUWAJOBA Olumuvina Bamidde OLASHORE Oluscgun GONfFS Rosemary ALABI SeetarY. Rosemxry Alabi Accountants: Charterbrook Accountants Chartercd Managemcnt Accountants & Business Consultants 117 Is12nd Business Centre 18-36 Wdlington StteeL w001ch SF.18 6PF Page 3
CHIUST UNITED.IIILYISTRIES INTLRNATIONAL (.4 Companv Limited by Guarantee) The trustees, report (incorporating the director5, report) for the year ended 31 December 2024. The tiijstees present their rwrt and financial statements for the year ended 31 December 2024 in accordance wkth the clrIS governing policy and thc requircments of the Ckwity Commission. The truslees, who are also dir¢ctors of the ompany and served during the year and up to this repor4 are ReVerd Mathew Adeloy¢se Oluwajoba, Pastor Olumuyiwa Olashore. and Pastor Olusegun Gomes. Structurey governance, and management Siructure Chnst United Ministries International is a charity registernl with the Charity Commi&sion in England and Wal¢s, registration number 1067910. Governance Its memorzndum and articles of association govern the Clwity. Managemenl The tnte¢s. the chairperson leads. are responsible for daY-toY maDagem¢nt and administration. The selection of trustecs is based oti a suggestion, their qualifications. availability for meetings. and areas of expertise. but most importantly, their commitment to achicving the Charitys primary goals. The tnteeS meet regularly in formal and informal setrings to discuss any legisl]ve. management. procedural. and etbical concerns that Dced to be resolved and the best ways to do so within the legal framework All charity operations, tnle< dccisions. and day-to-day management are considcred to Comply with all legal obligations. Objectives and activities Charity aims to advance th¢ Christian religio relieve poverty, promote good health. and develop the community. Achievements and performance Impact On the Community The charity organisation is still actively involved in enhancing the lives of youth and adults, both elderly and yowig, during the year. and the core value of the gospel evangelism clwity is increasing. The Chariry engaged in the community development programme and considered the diversity of its community in all aspects of its activities. Now that the Charity bas been established and gained popularity within the community, its PriLnary goal of helping the community has also been increased. However, in the upcorning year, the Cb2rity will endeavour to extend its scope to enhance community life, relieNe poverty. and provide financial cmpowennent to the needs of the community. Work In the Community During the year. the church contknues to reach out to the needy. especially church members and the destite within and outsid¢ the community, by providing assistance to them at times of nee<L especially those who ar¢ the victims of hunger, disease. pov¢ty, orphans by supplying them with forf shelter, medical al and other fundamental needs. Financial review The trustees considered the Charitvs financial position adequate to the best of their knowledge. The principal funding sources have been voluntary donatioDS and offerillgs from its m¢mbers. except for a one-off propety sale this year that increased the total income above nornial from donations and olT¢rings. As Indiced on page 5 of the fmancial statements. income and expenditUTes in the year were better than l&st year. Plans for future periods The Charity has it in vi¢w of broadening its acbievnellts dllring the following yearfs financial p¢riod through more voluntary activities, including outrcacbes, 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 wilj endeavour to meet its primary objectiv&% of crcating and cultivating a bealthy chu environment through love, unity, and fellowship and equipping and edifying believets lor the work of the Lord by embracing the five-fold ministry: aposiles, prophets, cvallgcb'sts, pastor& and t¢ach¢rs. Page 4
CHRIST UJITED lIlS].]UEs INTERINATIONAL (A Company Limited b!. Guarantee) Report of the trustees (incorporating the directors, report) for the year ended 31 Deeeniber 2024 (continues). Statement of trustees, responsibilities The trustees are r¢sponsible for prcparing th¢ annual report and the fJnan¢ial statemeDts ID aordance with applicable law and the United Kingdom Generally Accepted AccountiDg Prnctice. Company law Tequir&s the trustees to prepare financial statements for each fiDan¢ial y¢ar, Thhich gives a true and fair view of Charity's State of affairs aTLd the SUTplus or deficit of the Charity for that period. In preIll8 these financial statements. the tDJstees bav¢ taken into consideration the following: - suitable accounting policies and then applied them consistently. - made judwents and ¢stimates that were Teasonabl¢ and pnthnt" and - pr¢pared the fmancial statements on a going concern basis and having no knowledge that the Charity would not continue in operation in the following y¢ar. Small company provisions This report has been prepared in accordance with the special provisions for small coLnpani¢s under Part 15 of the Companies Act 2006. Signed and Dated On bebalf of the Board: Reverend Mathew Adetoyese Oluwojoba 0410212025 Page 5
CHRIST UNITED (PENfECOSTAL) MINISTRIES (A Compani, Limited b!, Guarantee• Charit)" NO: 1067910) Independent Examinefs Report For the Year Ended 31 Deceniber 2024. I have Cxamined the Fin8llcial Statements on page5 4 to 9. which have been prepared under the accounting policies set out on page 7. Respective responsibilities of the Trnstees and Examiner As the Charitys Trustees, yoll are responsible for the preparation of tbe accounts. and as you have CODsidered that the accounts do not require an audit in accordance with Part 16 of the Compaoies Act 2006, my rolc is not that of Auditor but an Independent Examiner. However, it is my responsibility to the stat¢. on the basis of procedur¢s and guidance specified in The Comnussion's Directions and Guidancc given by th¢ Charity Commissioners of the Act, whether particular matters have corne to my attention that were of concern to the Commission. the members, and the public in general. Basis of Opinion I have completed my exan)ination in accordance with The Con]mission's Directions and Guidance gtven by the Cbarity Commissioner. An examination iDcludes a review of the aOUnting records kept by the clwity alld a compaTiSOn of th¢ accounts pre8¢nt¢d with those rewrds. It a]so involves r¢viewing the accounts, considering any unusual items andl or disclosures provided in the accounts and seeking explanattons from you as Trustees concerning any such matters. The proce(lures undertaken th) Dot provide all the evid¢nc¢ required in an audiL and nscqu¢ntlyy I do not ¢xpress an audit opinion oll th¢ view Ihe accounts give. Opinion In connection with my examination, no matter of material significance has come to my attention during the indep¢Dd¢nt eXaMition. (l) Which might hav¢ given rise to a legal duty fo r¢port to the Charity Commission: (2) Which gives me reasonable cause to believe tbat in any material in respect of the Tequirements a) To keep accounting records in accordance viith sedion 130 of th¢ clrItieS Act 2011 and b) To prepare accounts which acc4)rd with the accounting records and to comply with the accounting requirement of the Act h88 been meL c) in connection with the examinatio which giv¢8 reasonable case to believe that in any material r¢sp¢ct: d) accounting records for non-company charities have not been kq)t in accordanc¢ with section 130 of the Charit1¢5 Acl 201 I (3) That the report provided relat&s to an iDdetaeth exa1n1]on cauicd out under seclioD 145 of the 2011 Act and that the examination has becn conducted in accordance with the Dir¢rtions given by the Commission (4) And that no matters of concern have come to my attention as a result of the independent uamination in connection with the examination to whiGIL in my Opinio atttiOll should b¢ dtawn in th¢ report to ¢nable a proper understanding of the accounts to be reached. Olufemi Yinusa (BSG Msc, MBA. CA BFP, AFA MPN FCA, FCTT) Colden Green Resources Limited 117 Island Business Centre 1&36 We]IRngton Street Woolwich London. SEI 8 6PF Date: 0410212025 Page 6
CHRIST UNITF.D 111STRIEs INTERry.4TIONAL (A Company Limited bv Guarantee) STATEMENT OF FINANCIAL ACTIVrnES FOR THE YEAR ENDED 31 DECEMBER 2024 Unfestted Restrted General Funds Restricted Fixed Asset Funds Funds Total Total 2024 2023 Incoming resources Incoming resources from". Grant actNrties: Voluntary Income Investment Income 63,468 63,468 62,502 Training activtties: Other incoming resources Total incoming resources 724.054 724.054 62,502 Resources Expended Estabbshmettt cost Motor and trarelhog exEnses Accounrancy Eees Other office ¢xpenses Interest y#ble and sJmi12t chatges Depreciation and impattmcot Members, WdEaxe Mi5sionary.4ctiTrryties C7eneral Eynses Chatitabie DOtiOn Total Rosources Expended 13.K 13,506 12,675 750 750 750 5,230 2,255 5,230 2,255 7,500 5,230 1,750 7,500 18,520 18,520 15.503 Reconciliation of funds: Funds brought foThward 163,307 163,307 144,213 Fundsl(Loss) carried forwar(J at 31 December 2024 839.600 839.600 163,307 Page 7
CHRIST UNITED MINISTRIES INTERNATIONAL (A Comp2Dy Limited b) Guarnntee) INCOME Al¥lD EXPENDrruRE Accouwf FOR THE YEAR ENDED 31DECEMBER 2024 2024 20 Notes COME Income from Vohmtary activities 63,468 62.502 Operating expenditure 408 Opetating Surplu8/lLA>s8) 15.707 19.094 Othet Income Interest receivable and simi12t charge5 660,586 676293 19,094 Interest payable and similar chgeS Retained surplus/(IA)ss) for the fmancial year 676293 19,094 Page 8
CHRIST UNITED MINISTRIES INTERNATIONAL (A Company Limited by Guarantee) BAIANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2013 Notes FIXED ASSETS Tangible fixed assets 304.922 310,152 CURRENf ASSETS Debtot5 prePaYn1ts Cash at bank md in hand 690,194 690,194 35,074 35,074 CURRENT IIABIIITIES CIeditois: Amount £a]Ig due IF1tb one year (19250) (24569) Net Current Liabilitie8 670.944 10.505 Toda assets less Cuffrettt ]iabilities 975,866 320,657 Ctedltots: amounts falling due after more than otte year (136266) (157J50) Net Assets 839.600 163,307 Funds Unrestticted Income Funds TOTAL FUNDS io 839,600 839.600 163,307 163,307 Page 9
CHRIST UNITED MINISTRIES INTERNATIONAL (A Company IAmited by Guarantee) Balance sheet (contitiued) TteeS statements required by the Coxnpanies Act 2006 for the yeat ended 31 December 2024 In approving these fllWI(Y21 st2tertLentS 2S trustees of the con]pany we hereby confimL' (a) that for the year stated 2bove the conwany was entided to the exemption conferred by section 477 of the co[npanS Act 2006 . (b) that no notice has been deposited at the registered office of the cornp2ny pu9nt to section 476 of the Comp2nies Act 2(K>6 requestsng th2t 2n auth't be conducted for the year ended 31 Decemkn 2024 and (c) that we icknowkdge our responsÉbilitses for. (l) ensuring that the company keeps accounttng records which comply with section 386 of the Companies Ac 2006, and (2) p[ep2rll fingnci21 statements whith ve % true 2nd fair view of the state of affairs of tbe company as at tl end of the FanCIal year and of its piofit or loss for the year then ended in accordance with the tequirements of sections 394 2nd 395, and wch otherwise cornply with the provisions of the Companies Act rdating to financial statements. so far 25 appbcable to the company. These financial sutements are ptep2red in accordance with the special PiOFisions of Part 15 of the Companie Act 2006 tdatrng to small companies and in accordance with the Financ RepOrtg Standard fot SJJ)2ll Entities (effective AprAI 2008 The financi21 statenw]ts wete 2PPtoved by the Ix)ard on 10 September 2023 and syed on its bebglf by Matthe Oluwajoba Directot Page 10
CHRIST UNITED MINISTRIES INTERNATIONAL (A Company limited by Guatantee) Notes to financial ststements for the year ended 31 December 2024 l Accounting policies The principa] aw)unting policies are sumtnarised below. The acwunting p)licies have been applied consistently througbout the year and the preceding year. 1.1. Basis of accounting The fllianeial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Stsndard for Smaller Entities (effective April 2008). the Statement of Rec4)mmended Practici Accounting and Reporting by Charities, issued in March 2005 (SORP 2005) and the Companies Act 2006. 1.2. Incoming resources All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with rv&sonable accuracy. The following specific policies are applied to particular categories of income: Voluntary income is received by way of grants donations and gits and is inched in full in the statement of finoncial activities when receivable. Grants wh¢re entitlement is not conditional on the delivery of a specific performance by the charity. are recognised when the charity becomes ullconditionally elliitled to the grant. Donated servlces and facilities are included at the value to the ¢lwity where this can be quantifi. The value of serviees provided by volunteers h&8 not been included. Gifts donated for resal¢ are included &s incoming resou within activitses for generating funds when they are sold. Income from investments is included in the year in which it is receivable. 1.3 Resources expended Expenditure is recognised on an accnMI b&sis &8 a liability is incurred. Expenditure includes any VAT which cannot be fully recovere and is Teported as part of the expendtture to whi¢h tt relates. Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purp)ses including the charity's shop. Charitable exp¢nditure COTDprises those wsts inctsrred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indire¢t nature ne¢ary to support them. 1.4 Tangible fixed assets and d¢preciation Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculafrd to write off the cost less residual value of each asset over its expected use1 life. &$ follows: Le&8ehold properties Fixtures. fittings and equipment Motor vehicles Strnight line over the lTrft of the lease 250/0 straight line 25Yo StraIt line Pa8e 11
CHRIST UNITED MINISTRIES INTERNATIONAL (A Company Iimxted by Guatantee Not&$ to financial st8tements for the year ended 31 December 2024 1.5 asing Assets obtained under hire purchase contracts and finance le&ses are capitalised as tallgible ass¢ts and depreciated over the shorter of the lease terni and th¢ir usefvl liv&s. Obligations under such agftements are included in creditors net of the finance charge allocated to future peri(MJs. The finance element of the rental payment is charged to the profit and loss account so to produce conslant periodic rates of charge on the net obligations outstanding in each perio 2 Voluntsry income Unrestrleted funds 2024 Totsl 2023 Tota Church Offtrtory and donations 63.468 63.468 63,468 63,468 62,502 62,502 2 Tnve8tment income Unrestricted nds 2024 Total 2023 Totsl 4 Net ineomiyjg resources for the year 2024 2023 Net incoming resources is Sed after cbarging: Depreciation and other amounts written off tangible fixed assets 676.293 19.094 5 Employees EmploymeDt Costs No salaries or wages have been patd to employ including the trustees, during the year. Number of employees The average monthly numbers of employees (including the truste&s) during the year, calculated on the basis of full time equivalentg. was as follows: 2024 2023 Number Number Page 12
CHRIST UNITED MINISTRIES INTERNATIONAL (A Company Limited by Guarantee) Notes to financial statements for the year ended 31 December 2024 6 Taxation The clwitys a¢tivities fall within the exemptions afforded by the provlsions of the Income ond Cotporation Te$ Act 1988. Accordingly, ther¢ is no laxation charge in these accounts. 7 Tangible fixed assets Computr & Equip Freehold Total COST At l January 2024 Additions Disposal Revaluation Transfers At 31 December 2024 463.403 463,403 463,403 463,403 DEPRECIATION At l January 2024 Charge for the year On Disposal At 31 December 2024 153,251 5,230 153,251 5,230 158,481 158N81 NET BOOK VALUE At 31 December 2024 At 31 December 2022 304,922 310,152 304,922 310,152 8 Creditors: amounts falling due within one year 2024 2023 B74nk ()verdraft Othet Creditnrs Accrual and Deferred income 19250 24,569 19250 24,569 9 Creditors: amounts falling due after more than one year 2024 2023 B2nk Loths 136266 136266 157,350 157,350 Page 13
CHRIST UNITED MINISTRIES INfERNATIONAL (A Company limlted by Guarantee) Notes to financial statements for the year ended 31 December 2024 10 Analysis of net assets between funds Unrestricted funds Total nds Fund balances at 31 December 2023 as represented by: Tangible f¢d ass¢ts Cufftnt assets Current liabilities Long-terni liabilities 304,922 690,194 {19,250) (136.266) 839,600 304,922 690,194 {19,250) {136.2661 839.600 11 Unrestricted funds Asat Incoming Outgoing At 31-Dec-23 01-Jan-23 Offertory & Donations 163J07 724,054 47,761 839,600 Purposes of unrestricted funds Furtherance of chaTiWs main objectives 12 Company limited by guarantee CHRIST UNITED (PENTECOSTAL) MINISTRIES is a company limited by guarantee and aCrdInglY does not have a share capital. Every member of the ¢ompaTry undertakes to contribute such amount as May be required not exceeding £1 to the assets of the ¢haTitable company in the event of its being Wound up while he or she is a member, or within one y¢ar after he or she ¢¢ases to b¢ a member. Page 14
CHRIST UNrrED MINISTRIES iTrrfERNATIONAL BALANCE SHEET AS AT 315r DECEMBER 2024 2024 Notes FIXED ASSETS 310,152 Tangible fixed assets 1c&3 CURBENT ASSETS Debtors and prcpaymeots Ch at bank and in haftd 690,194 690.194 35.074 CURRENT IIABILITIES Creditors: .4rnount falling due within one jegr (19250) P4569) LONG TEBM LIABItJTIES Cteditors: Amoutst £2"ng more than one )rear (136260 (157350) Net Curffnt Assets 534.A78 (146,845) 163,3n7 Net Assets 839.(AY) RESERVES 163J)7 144.213 Rcvaluation reserve locome aod Eettart #ccount 676293 19.094 MEMBERS'S FUNDS 839.600 163.307 For the yeat ctyhng 31 December 2024 tbe CoMpV was cotkdca to ¢xception wioo 4T7 of the Cotnpgnics Act 20n6 rdaiing to STDall cumpanies. Cc)mp2rries Act 2(KMS. a) The Directors acknowledgtd their respTri Jilities Eot c(miplytngwsth the requir1$ of the .4ct wrt reswt u) AccnuThllng cOrdS gna for the pwtion olAccounts. b) Th¢se iccounts have been ptepred in accordance with the provisions ipplic#bie to cornpwies subject TO the small cowes we and irk accordaoce FjnaClXl Rewtting StwkaarJ for Srnaller Isntities (effectivr 2008). Thcse Income 9nd Expmditur¢ Accounts icrc approved by the B02rd oEDirettots on: 04102/2025 SIGNED ON BEHALF OF THE, BOAEiD BY: (1/02/2015 Matthe Oluwajoba Dire¢tor
CHRI iINrrED MINISTRIES INfERNATIONAL NufES TO THE ENCOME AND EXPENDrruRE STATEMEr FOR THE PERIOD ENDED 31 DECEMBER 20 I ACCOUNTING POUCIES A BASiS or. ACCOUNTING The accounts hve bten prepxrtd under the bistorical cost conveniion CordIceith the FÈti%ocixl Reporting StaIrd Eor Smaller Eotities efftrb.ve April 2008. B C.OfvtPANY IINirrED BY GUARANTEE The eompans. is limited b), qu2r2nt¢¢ 2nd cosequenthT does not have shgte capitsl C DEPRECIATION r)cprcciarion is ptovidcd on all tangible asscts at r#tc calculat¢d to lite gff the cost or va)uation Icss e%timated residual value vf each ()vcr its exp4 lifr fi)llnw Computer Equipments Mc)tc>r vchid Furnire and Fittiog 331AO/D Sttgight ]inL 2(f/. Strai1 tine 21P/o Strwght jitie 2 OPERATING PROFIT The Operali profit is sr2ted after cha41. 2023 Depre¢iatsoft 3 TANGIBLE FIXED ASSErs A COST Computers & Equip. At l Janugry 2024 Additiolls Disposal ReV*tiOn 46.1.40.1 At 31 December 2024 463,403 B DEPRECLIT]ON At l January 2024 chge fi)r the )rar On Disposal At 31 December 2024 153251 158.481 NET BOOK VALUE At 31 Decemlxr 2024 Jlt 31 December 2023 310.152 16
CHRigf UNtTED MINisfRIES INfFRNATEONAL NOTES TO THE INCOME AND ExPENDURE sTATEmrs FOR THE PERIOD ENDED 31 DECEMBER 2024 2024 2023 Debtors 3nd Pttpaynient Tte Debtt)rg credito Arnowit faljiog due vAthirA onc yE B%nL ()vttdr*ft Othtt Creditotr Accrual 18.SIM) 750 19,250 23,819 7>0 24,569 CteditoTh AOUnt falling over ODe yvdt Other Creditors 136266 136266 157?sn 157 J50 Other Income Sdes ()IPrnperry 6C)O,i86 66086 17
CHRIST UNfFFD MINISTRIES INfERNATIONAL DEfAUED INCOME AND EXPENDrruRE ACCOUNrs FOR THE PEIUOD ENDED 31 DECEMBER21f24 2024 2011 Notes n¥coME DonAtions O£ferAngs 63.468 62502 Other Income TOTAL INCOME 660.586 724.054 62,502 EXPENDITUBE Pastor Allow2ntts Kevbi)adist Business rate Utilitie5 Tdephone Accuwitancy FeLs Church Maint2inance Chartty- love Entertrainment Depreciation 7.5 ITh) 1850 525 750 10.031 18,520 1255 5230 2,100 64> 75n 9.780 15,)03 1,7iO 5230 47.761) 43,408 INCOIL /EXPENDIFlE 676293 19,094 INCOME/EXPENDfTURE 676293 19.094 18