Annual Report and Financial Statements for the Year Ended 31 December 2020 Church Team Ministries International Charity registration number: 1087807 Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex P018 8NF
CHURCH TEAM MINISTRIES INTERNATIONAL Contents Reference and Administrative Details Trustees, Report 2to3 Independent Examiner's Report statement of Financial Activities Balance Sheet Notes to the Financial Statements 7t0 11
CHURCH TEAM MINISTRIES INTERNATIONAL Reference and Administrative Details Trustees P McKenzie A Metters S Pozzo P MacQueen M Bone Principal Office 6A Cherry Grove Ferndown Dorset BH22 9EZ Charity Registration Number 1087807 Independent Examiner Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex P018 8NF Page I
CHURCH TEAM MINISTRIES INTERNATIONAL Trustees, Report The Trustees present the annual report together with the financial statements of the charity for the year ended 31 December 2020. Structurei governance and management Nature of governing document Church Team Ministries International is a registered charity, number 1087807, and is constituted under a Trust deed. Zndurtion and training of trustees Each new Trustee is provided with the relevant Charity Commission publications, a copy of the constitution and at a meeting with the Chairman, is fully briefed on the operation of the Trust and the responsibilities of Trustees. Organisational strurture The Trust is served by a Board of Trustees. There are no employees. Risk Management The trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks. Objectives and activities Objects and aims The principal object of the charity is to provide for the relief of poverty, need and distress. the advancement of education. the advancement of the Christian faith and the protection of public health in Africa and elsewhere. Publlc benefit The Trustees confirm that they have complied with the requirements of sertion 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Achievements and performance Revlew of activitles Due to the Covid Pandemic and resultant lockdown during 2020, there were no fund-raising activities undertaken. These will resume, dependant on Covid restrictions during 2021. However, exsisitng funds were used to contine broadcasting weekly Gospel Programs in english and french across the continent of Africa. Page 2
CHURCH TEAM MINISTRIES INTERNATIONAL Trustees, Report Financial review The Trust has recorded a deficit of £18, 116 for the year (2019: surplus £13,435). At the year end there was a balance of £70,740 (2019: £88,857) in reserves to be carried forward, of which £20,296 was in Unrestritted Funds and £50,444 was in Restricted Funds. Going concern After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. statement of Trustees, Responsibilities The Trustees are responsible for preparing the Trustees, report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The law applicable to charities requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent- state whether applicable accounting standards have been followed, subject to any material 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 proper accounting records that 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 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The Trustees 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. The annual report was approved by the Trustees of the charity on 16 August 2021 and signed on its behalf by.. PCRI.. cQuern jilu 021 16..00 GMT+il P MacQueen Trustee Page 3
CHURCH TEAM MINISTRIES INTERNATIONAL Independent Examiner's Report to the trustees of Church Team Ministries International report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 December 2020 which are set out on pages 5 to 11. Respective responsibilities of Trustees and examiner As the charity's Trustees of Church Team Ministries International you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act,). report in respect of my examination of the Church Team Ministries International's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examiner's statement have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. l. accounting records were not kept in respect of Church Team Ministries International as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination. have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. G W Schulz ACMA Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex P018 8NF 16 August 2021 Page 4
CHURCH TEAM MINISTRIES INTERNATIONAL statement of Financial Activities for the Year Ended 31 December 2020 Unrestricted Restricted funds funds Total 2020 Total 2019 Note Income and Endowments from: Donations and legacies Investment income 22,190 21,667 43,857 50,378 67 Total income Expenditure on: Charitable activities Total expenditure Net (expenditure)/income Net movement in funds (16,833) (1,2841 (18,117) 13,435 Reconciliation of funds Total funds brought forward Total funds carried forward The notes on pages 7 to I I form an integral part of these financial statements. Page 5
CHURCH TEAM MINISTRIES INTERNATIONAL Balance Sheet as at 31 December 2020 2020 2019 Note Current assets Debtors Cash at bank and in hand 3,658 4,001 71,310 89,427 Creditors: Amounts falling due within one year 570 570 Net assets 70,740 88,857 Funds of the charity: Restricted income funds Restricted funds 50,444 51,728 Unrestricted income funds Unrestricted funds Total funds The financial statements on pages 5 to 11 were approved by the Trustees, and authorised for issue on 16 August 2021 and signed on their behalf by.. PCR O?I 16..00 GMT+ll P MacQueen Trustee The notes on pages 7 to I I form an integral part of these financial statements. Page 6
CHURCH TEAM MINISTRIES INTERNATIONAL Notes to the Financial Statements for the Year Ended 31 December 2020 l Accounting policies statement of compliance The financial statements 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 l 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. Basis of preparation Church Team Ministries International meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. Going concern The Trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. Income and endowments Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability. Donations and legacies Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured. Gift aid Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Page 7
CHURCH TEAM MINISTRIES INTERNATIONAL Notes to the Financial Statements for the Year Ended 31 December 2020 Charitable activities Charitable expenditure comprises those costs incurred 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 indirect nature necessary to support them. Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Liabilities Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Fund structure Unrestricted income funds are general funds that are available for use at the Trustees's discretion in furtherance of the objectives of the charity. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. 2 Income from donations and legacies Unrestricted funds General Restricted funds Total 2020 Total 2019 Donations and legacies; Donations Page 8
CHURCH TEAM MINISTRIES INTERNATIONAL Notes to the Financial Statements for the Year Ended 31 December 2020 3 Investment income Total 2020 Total 2019 Interest receivable and similar income; Interest receivable on bank deposits 67 4 Expenditure on charitable activities Unrestricted funds General Restricted funds Total 2020 Total 2019 Ministry support - Africa Ministry support- UK Ministry support- Europe Bank charges Postage and stationery Independent examination 23,363 14,691 189 75 135 570 22,951 46,314 14,691 189 75 135 570 17,722 17,782 722 60 134 590 39,023 22,951 5 Trustees remuneratlon and expenses No Trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No Trustees have received any reimbursed expenses or any other benefits from the charity during the year. 6 Debtors 2020 2019 Accrued income 7 Creditors: amounts falling due within one year 2020 2019 Accruals 570 570 Page 9
CHURCH TEAM MINISTRIES INTERNATIONAL Notes to the Financial Statements for the Year Ended 31 December 2020 8 Funds Balance at 31 December 2020 Balance at l January 2020 Incoming resources Resources expended Unrestrirted funds General General Funds 37,129 22,190 (39,023) 20,296 Restricted funds Project Kenya Fund Project Maliaka Fund Project Bournemouth Christian Church Fund Africa Conference Fund 54 1,020 7,501 312 (7,555) (1,292) 40 38,999 2,277 10,470 2,384 49,469 935 (3,726) Project Madagascar Orphans Project Bulowayo Church 1,655 (1,655) Total funds The Project Mauritius Fund has been set up to assist CTMI Mauritius in whatever needs they have including funding missionary trips to Africa. The Project Kenya Fund has been set up to assist the Morning Star Children's Orphanage whether to feed, cloth or educate them. The Project Maliaka Fund has been set up to asslst with TV, YouTube and Facebook Broadcasts in the Francophone countries of Africa to encourage abused and down-trodden women and girls to have a voice and to restore them with the truth of God's Word. The Bournemouth Christian Church Fund has been set up to assist the Church in building its own premises in the future and to pay for rental premises in the interim. The Africa Conference Fund has been set up to assist with the expenses of holding various CtMI Conferences in many parts of Africa for the purpose of strengthening the local churches with the Gospel. Funds for the Madagascar Famllles are to support a number of children in our sister CTMI Church there, who were tragically orphaned in 2019 (their parents died in a car accident). Funds for the Bulawayo Church are to support their Annual Youth Camp and gifts towards their Rural Church Building Project. Page 10
CHURCH TEAM MINISTRIES INTERNATIONAL Notes to the Financial Statements for the Year Ended 31 December 2020 Balance at 31 December 2019 Balance at l January 2019 Incoming resources Resources expended Unrestricted funds General General Funds 39,956 28,426 (31,253) 37,129 Restricted funds Project Mauritius Fund Project Kenya Fund Project Maliaka Fund Project Bournemouth Christian Church Fund Africa Conference Fund Project Madagascar Orphans Project Bulowayo Church 4,800 15 150 (4,800) {957) 996 870 54 1,020 30,261 240 8,738 2,037 38,999 2,277 1,655 1,655 Total funds 9 Analysis of net assets between funds Total funds at31 December 2020 Unrestricted funds General Restrlcted funds Current assets Current liabilities 20,866 570 50,444 71,310 570 Total net assets Total funds at31 December 2019 Unrestricted funds General Restricted funds Current assets Current liabilities 37,699 570 51,728 89,427 570 Total net assets Page 11
Church Team Ministries International Accounts 2020 Final Audit Report 2021-08-23 Cr88ted.. 2021-08-19 By.. Gary Schulz 1gary@iel.org.ukl Status.. Signed Transaction ID.. CBJCHBCAABA41zflt4tuKggs-LFfD84803WMwyAD3N1k "Church Team Ministries International Accounts 2020" History Document created by Gary Schulz 1gary@iel.org.ukl 2021-08-19- 9..25..33 AM GMT- IP address.. 90.220.139.132 Document emailed to P C R Ma¢Queen 1perrymawueen@gmail.coml for signature 2021-0&19- 9 26 27 AM GMT Email viewed by P C R MacQueen lperrymacqueen@gmail.coml 2021-08-23- 2'.44.'36 PM GMT- IP address.. 212.159.89.253 • Document e-signed by P C R MacQueen {perrymacqueen@gmail.com) Signalure Dale.. 2021-08-23- 3..00..08 PM GMT- T1 sour.. server- IP address.. 212.159.89.253 Agreement completed. 2021-0&23- 3 00 08 PM GMT Adobe Sign