ETERNAL LIFE MINISTRIES INTERNATIONAL COMPANY LIMITED BY GUARANTEE Com 03325044 an istration Number land and Wales harit Number 1069831 Re ort of theTrutees and Unaudited Financial Statements Period of Ac¢ount$ Mar h 2022 End Date: 28th Februra 2023
ETERNAL LIFE MINISTRIES INTERNATIONAL COMPANY LIMITED BY GUARANTEE Contents of the Financial Statements For the Year Ended 28th Februar 202 CONTENTS PAGE Member$ of the Board and Profe$$ional advi$er$ Tru$tee$ Annual Report 2&3 Reports of the independent examiner Statement of finan¢ial a¢tivitie$ Balan¢e Sheet Note$ to the Finan¢ial Statements 7t012
ETERNAL LIFE MINISTRIES INTERNATIONAL COMPANY LIMITED BY GUARANTEE of the Board and Profe sional advi For the Year Ended 28th Februa 2023 Registered ¢harity name ETERNAL LIFE MINITRIES INTERNATIONAL Charity Number 1069831 Company Registration Number 03325044 (England and Wales) Registered Ofli¢e 727 Old Kenl Road Peckham Southwark London, England SE15 1JL Board of Tru$tee$ Rev Duke Imajemite A¢¢ountant$ T. T. ACCOUNTANCY SERVICES UNIT 19, NICE BUSINESS PARK 19-35 SYLVAN GROVE LONDON SE15 1PD TEL 02039741266 Page 1
ETERNAL LIFE MINISTRIES INTERNATIONAL COMPANY LIMITED B Y GUARANTEE Tru s Annual Re For the Year Ended 28th Februa 2023 The Trustees, who are also directors for the purpose of company law, have pleasure in presenting their report and the unaudited financial statements of the harity lor the year ended 28th Februray 2023. REFERENCE AND ADMINISTRATION DETAILS Reference and administration details are shown in the schedule of members of the board and professional advisers on page 1 01 the financial slalements. TRUSTEES The Tru$tee$ who $erved the ¢harity during the period were a$ follow$: Rev DUKE IMAJEMITE STRUCTURE, GOVERNANCE AND MANAGEMENT The charity was incorporated as a company limited by guarantee on 27th February 1997 and is governed by an Article and Memorandum of Association. Appointment of Trustees were initially by recommendation ol the elders of the hurch and approved by the church members. Activities organised in furtherance ol the objectives include regular Sunday church services, religious conventions, seminars and training workshops. OBJECTIVES AND ACTIVITIES The main objectives of the charity are the advancement ol christian faith, the relief ol sickness, povety and the advancement of education in accordance with Christian principles. ACHIEVEMENTS AND PERFORMANCE The church slarled in 1997 as a fellowship of a lew people who met al the home ol the members. The number grew and soon rented a premises lor the Sunday services. To the glory of God, the church has now established and is growing stronger in the Lord with manileslalion of God's miracle on her members and everyone who comes into contact wth God of Eternal Life Ministries International. The church has been incorporated as a company limited by guarantee and obtained a charitable status. Page 2
ETERNAL LIFE MINISTRIES INTERNATIONAL COMPANY LIMITED B Y GUARANTEE Tru s Annual Re For the Year Ended 28th Februa 2023 RESPONSIBILITIES OF THE TRUSTEES The Trustees (who are also the directors ol Eternal Life Ministries International Ministries lor the PLJrpose ol company lawl, are responsible for preparing the Trustees Annual Reporl and the Financial Statement in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Acceptable Accounting Prarticel. Comp2ny law requires the Trustees lo prepare Financial S12tement which give true and fair view of the stale of allairs ol the charitable Company and ol the incoming and applicable ol resources, including the income and expenditures ol the charitable company for that period. In preparing these Financial Statements, the Trustees are required to= Select suitable accounting policies and apply them cionsistently., Observe the methods and principles in the charities SORP., Make judgments and eslimales that are reasonable and prudent., Prepare the financial statements on a going concem basis unless il is inappropriate to assume that the charity will continue in operation. The Trustees are responsible lor keeping proper accounting records that disclose with reasonable accuracy al any lime the financial position ol the charity company and ensure that the Financial Statement comply with the Company Act 2006 and Charitable Act 1993. The trustees are also responsible lor safeguarding assets of the charity and hence taking reasonable steps for the prevention and detection ol fraud and other irregularities. ACCOUNTANTS A resolution to appoint T T Accountancy Services as Accountants for the ensuring year will be proposed al the Annual General Meeting. REV DUKE IMAJEMITE Autori$ed Signatory Page 3
ETERNAL LIFE MINISTRIES INTERNATIONAL COMPANY LIMITED BY GUARANTEE orts of the inde endent examiner For the Year Ended 28th Februa 2023 I report on the accounts ol the charity lor the year ended 28 February 2023 sel out on pages61011 RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND INDEPENDENT EXAMINER As the charity's Iruslees you are responsible lor the preparation ol the aCounts, you onsider that the audit requirement of sertion 43121 of the Charities Act 1993 Ithe Acll, as amended by s.28 of the Charities Act 2006 does not apply. It is my responsibility to.. examine accounts under section 43 of the Art as amended, to follow procedures specified in the General Directions given by the Charity Commissioners under section 4317llbl of the Art as amended, and to slate wheter particular matters have come to my attention. BASIS OF INDEPENDENT EXAMINER'S STATEMENT My examination was carried out in accordance with the General Directions given by the Charities Commissioners. An examination includes a review ol the accounting records kept by the charity and in comparision ol the accounts presented with those records. It also inclLJdes consideration of any unusual items or disclosures in the aaUnt$, 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 connertion with my examination, no matter has come to my attention.. 11 which gives me reasonable cause lo believe that in any material respect the requirements.. + lo keep accounting records in accordance with section 41 of the Act,. and + lo prepare accounts which accord with the accounting records and lo comply with the aOUntIng requirements ol the Act have not been mel, or 2110 which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. THOMAS FATUROTI countant T. T. ACCOUNTANCY SERVICES UNIT 19, NICE BUSINESS PARK 19-35 SYLVAN GROVE LONDON SE15 1PD Page 4
ETERNAL LIFE MINISTRIES INTERNATIONAL COMPANY LIMITED BY GUARANTEE atement of Financial Activities incor oratin the income and ex Year ended 28 Februa 2023 endi ur coun Unrestriced Fund 2023 INCOMING RESOURCES NOTES Incoming resources from generating funds Voluntary Income Other income resources Investment income 114,863 TOTAL INCOMING RESOURCES 114,863 114,863 RESOURCES EXPENDED Charitable activities Governance Costs 71,800 1,942 73,742 TOTAL RESOURCES EXPENDED NET INCOMING (OR OUTGOING) RESOURCES FOR THE YEAR 41,121 Total funds brought forward Iplu&deficitl Total funds carried fonvard 41,121 The Statement of FinancialActivitiTes include ull gains und losses in the year ond therefore o stotement of total recognized gains und losses hos not been prepured. All of the above omounts relate to continuing artiTVities. The notes on poges 7 to IOAorm purt of thesefinancialstatements. Page 5
ETERNAL LIFE MINISTRIES INTERNATIONAL COMPANY LIMITED BY GUARANTEE Balance sheet as at 28 Februa 2023 2023 NOTES FIXED ASSETS Tangible assesls Total Fixed Assets 4,024 4,024 CURRENT ASSETS Debtors Cash at bank and in hand Total Current As$et$ 10 li 35,830 1,867 37,697 CREDITORS AmoLJnl falling due wthin a year Net current assets 12 600 37,097 41,121 FUNDS Unreslrirted incomelliabilily funds TOTAL FUNDS 41,121 41,121 For the year ended 281h February 2023 the company was enlitled lo exemption from audit undersection 477 of the companies AGI 2006. The members have not required the company lo obtain an audit in accordance with section 476 of the Gompanies Act 2006. The directors acknowledge Iheir responsibility lor Gomplying with the requirements of the Act with respeGI to accounling records and lor the preparation of accounts. These accounts have been prepared in accordan with the provisions applicable to companies subject lo small companies regime and in accordance with the Financial Reporting Standard lor Smaller Entities (EffeGlive 2008)- The notes on pages 710 IO form part of these financial statemenls. The Financial Statements was approved by the Board ol Directors on the 9th August 2023 SIGNED ON BEHALF OF THE BOARD BY: REV DUKE IMAJEMITE Authori$ed $ignatory Page 6
ETERNAL LIFE MINISTRIES INTERNATIONAL COMPANY LIMITED BY GUARANTEE Notes to the Financial Statements Year Ended 28 Februa 2023 1 Accounting policies The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year. 1.1 Basis of preparation of accounts These accounts have been prepared under the historical cost basis convention and in accordance with applicable United Kingdom Accounting Standards the Statement ol Recommended Prartice "Accounting and Reporting by charities" issued in March 2005 ISORPI and the Company Act 2006. 1.2 Incoming resources All incoming resources are included in the statement ol financial activities when the charity is entitled lo the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories ol income.. Voluntary income is received by way of grants, donations and gifts and is included in lull in the statement ol financial activities when receivable. Grants where enlillemenl is not conditional on the delivery ol a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Donated seNices and facilities are included al the value lo the charity where this can be quantified. The value of services provided by volunteers has not been included. Gills donated lor resale are included as incoming resources within artivities lor generating funds when they are sold. Income from investments is included in the year in which il is receivable. 1.3 Re$ouree$ Expended Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be lully recovered, and is reported as part of the expenditure lo which il relates. Costs of g8n8rating funds COtnpris8 the costs associat8d with attracting voluntary incorne and th8 C05t5 of tradingfor fundraising purpos85 including the charity's shop. Charitabl8 exp8nditure cotnprises of thos8 Costs incurr8d by the charity in th8 d81ivery of it5 aCtiviti8s and servic8sfor it5 b8n8ficiari85. It includ8s both cost5 that can b8 allocat8d directly to such activit185 and those costs of an indir8Ct nature necessary to support them. Page 7
ETERNAL LIFE MINISTRIES INTERNATIONAL COMPANY LIMITED BY GUARANTEE Notes to the Financial Statements Continued Year Ended 28 Februa 2023 1.4 Tangible fixed assets and depreciation Tangibl8 fix8d a5S8t5 ar8 Stated at C05t185s accutnulated depreciation. Depreciation is provided at rates ¢alculat8d to write off the wst less residual value of 8ach assets over its exp8ct8d useful life a5 follows.. Fixture, fittings and equiprnent V8hicle 25¥. 25% 1.5 Investment¥ Current asset investtnents are at th8 lower of cost and n8t realisab18 value. Page 8
ETERNAL LIFE MINISTRIES INTERNATIONAL COMPANY LIMITED BY GUARANTEE Notes to the Financial Statements Con ar Ended 2831 March 2023 in 2 VOLUNTARY INCOME Unrestricted Funds 2023 Donations 114,863 114,863 3 OTHER INCOME RESOURCES Unrestricted Funds 2023 Other materials 4 INVESTMENT INCOME Totsl Fund$ 2023 Bank intere$t Re¢eivable Page 9
ETERNAL LIFE MINISTRIES INTERNATIONAL COMPANY LIMITED BY GUARANTEE Notes to the financial Statements Con orts of the inde endent examiner inu 5 COSTS OF CHARITABLE ACTIVITIES BY ACTIVITY TYPE Unrestricted Fund$ 2023 Rent and Rates Charitable DonalionlHonorarium Salaries and Wages litem 81 Travelling & Hospitality to members Advertisement & Promotion Motor Expenses Telephone & Computer IT Insurance & Council lax others Ulilily and others Printing and Stationery Subsistence Bank Charges Repairs & Maintenance Professional Fees Other Expenses 30,000 1,200 25,000 1,680 500 500 1,500 3,015 1,505 2,400 100 2,500 1,400 500 71,800 6 GOVERNANCE COSTS Unrestricted Funds 2023 Accountancy Fees Legal Fees Interest payable Depreciation Total 600 1,342 1,942 7 NET INCOMEIIOUTGOINGI RESOURCES FOR THE YEAR 2023 2022 This is stated after charging 41,121 25,480 Page10
ETERNAL LIFE MINISTRIES INTERNATIONAL COMPANY LIMITED BY GUARANTEE Notes to the Financial Statements Con ar Ended 2 Februa 202 in 8 STAFF COSTS AND EMOLUMENTS 2023 2022 Total staff costs were as follows 25,000 Wages and salaries & social security costs 25,000 Particular of employees The average number of employee during the year calculated on the basis of full-time equivalent was nil during the year. No employee received emolument of more than £60,000 during the period 9 TANGIBLE FIXED ASSETS Equipment Motor Vehicle Furniture & Fittings Total COST As at 01.03.2022 Additons 5,366 5,366 5,366 5,366 Deprecation As at 01.03.22 Charge for the year As at 28.02.23 Net Book Value At 31.03.20 1,342 1,342 4,024 4,024 As at 01.03.22 5,366 5,366 10 DEBTORS 2023 Amounts owed by group undertakings and undertaking in which the charity has a participating interest other debtors 35,830 35,830 Page 11
ETERNAL LIFE MINISTRIES INTERNATIONAL LIMITED BY GUARANTEE NOTES TO THE FINANCIAL h Financial S TATEMENTS ntinued atemen 11 CASH AT BANK AND IN HAND 2023 HSBC a'c- Cash in Hand 1,867 1,867 12 CREDITORS: Amount falling due within a year 2023 Bank Loan and Overdrafts Accrual Creditors 600 600 13 UNRESTRICTED INCOME FUNDS Bal at Incoming Outgoing 0110312022 Re$our¢es Resour¢e$ At 28 Feb. 2023 114,863 73,742 41,121 Unrestricted funds are used for the day to day running of the Charity, operation. 14 ANALYSIS OF NET ASSETS BETWEEN FUNDS Tangible Fixed a$$et$ Net current Total 4,024 600 3,424 15 COMPANY LIMITED BY GUARANTEE The Company is limited by guarantee and therefore has no share capital. Every member underlakes lo contribute such amount as may be required bul not exceeding £10 to assets of the company in the event ol a winding up. Page 12