Annual Report and Financial Statements for the Year Ended 31 December 2021
Church Team Ministries International
Charity registration number: 1087807
Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF
CHURCH TEAM MINISTRIES INTERNATIONAL
CONTENTS (CONTINUED)
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 to 13 |
CHURCH TEAM MINISTRIES INTERNATIONAL
REFERENCE AND ADMINISTRATIVE DETAILS
Trustees P McKenzie A Metters S Pozzo P MacQueen M Bone Charity Registration 1087807 Number Principal Office 6A Cherry Grove Ferndown Dorset BH22 9EZ Independent Examiner G W Schulz ACMA Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF Bankers Barclays Leicester Leicestershire LE87 2BB
Page 1
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 2021.
Structure, governance and management
Nature of governing document
Church Team Ministries International is a registered charity, number 1087807, and is constituted under a Trust deed.
Recruitment and appointment of Trustees
The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed. The Trustees look for persons of proven integrity who share the vision and objectives of the Trust and who have relevant wisdom and experience to contribute to the running of the charity.
Induction 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 structure
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.
Public benefit
The Trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
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CHURCH TEAM MINISTRIES INTERNATIONAL TRUSTEES' REPORT (CONTINUED)
Achievements and performance
Review of activities
With the world in the midst of the Covid 19 pandemic, the opportunity for travel into the different countries where CTMI operates was limited. This, however, did not affect the continued implementation of our vision. A strategy was set in place to hold Virtual Leaders conferences in the months of May and November headlined as BUILD ONE and BUILD TWO. The first conference was attended online by some 8,000 church leaders, whilst the second w as viewed by more than 25,000 in over 45 countries across the world. The sessions were pre recorded into 19 different languages and then watched online in nominated viewing centres, churches and homes. Where access to internet data was limited, USB keys we re distributed thus making the conference accessible to all.
During the month of September, CTMI also held it’s annual International Conference which has been viewed online by many thousands of people.
In conclusion, it can be said that all funds raised to help in the reaching of the objectives of CTMI.
Financial review
The charity recorded a deficit of £5,311 for the year (2020: deficit £18,117). At the year end there was a balance of £65,429 (2020: £70,740) in reserves to be carried forward, of which £6,288 was in Unrestricted funds and £59,141 was in Restricted funds.
Policy on reserves
The Trust does not accrue any liabilities or running costs and therefore does not require any financial reserves.
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.
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CHURCH TEAM MINISTRIES INTERNATIONAL
TRUSTEES' REPORT (CONTINUED)
Statement of 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:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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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 Charities (Accounts and Reports) Regulations 2008, 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 Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
The annual report was approved by the Trustees of the charity on 28 September 2022 and signed on its behalf by:
Perry MacQueen (Sep 29, 2022 10:38 GMT+1)
......................................... P MacQueen Trustee
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CHURCH TEAM MINISTRIES INTERNATIONAL
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHURCH TEAM MINISTRIES INTERNATIONAL
I report to the Trustees on my examination of the accounts of Church Team Ministries International for the year ended 31 December 2021.
Responsibilities and basis of report
As the charity 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’).
I 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
I 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:
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accounting records were not kept in respect of Church Team Ministries International as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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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.
I 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 PO18 8NF
28 September 2022
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CHURCH TEAM MINISTRIES INTERNATIONAL
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| Note Unrestricted funds £ Income and Endowments from: Donations and legacies 2 18,335 Investment income 3 5 Total income 18,340 Expenditure on: Charitable activities 4 32,348 Total expenditure 32,348 Net (expenditure)/income (14,008) Net movement in funds (14,008) Reconciliation of funds Total funds brought forward 20,296 Total funds carried forward 8 6,288 |
Restricted funds £ 15,959 - 15,959 7,262 7,262 8,697 8,697 50,444 59,141 |
Total 2021 £ 34,294 5 34,299 39,610 39,610 (5,311) (5,311) 70,740 65,429 |
Total 2020 £ 43,857 - |
|---|---|---|---|
| 43,857 | |||
| 61,974 | |||
| 61,974 | |||
| (18,117) | |||
| (18,117) 88,857 |
|||
| 70,740 |
The notes on pages 8 to 13 form an integral part of these financial statements. Page 6
CHURCH TEAM MINISTRIES INTERNATIONAL
BALANCE SHEET AS AT 31 DECEMBER 2021
| Note Current assets Debtors 6 Cash at bank and in hand Creditors: Amounts falling due within one year 7 Net assets Funds of the charity: Restricted income funds Restricted funds Unrestricted income funds Unrestricted funds Total funds 8 |
2021 £ 3,457 62,572 66,029 (600) 65,429 59,141 6,288 65,429 |
2020 £ 3,658 67,652 |
|---|---|---|
| 71,310 (570) |
||
| 70,740 | ||
| 50,444 20,296 |
||
| 70,740 |
The financial statements on pages 6 to 13 were approved by the Trustees, and authorised for issue on 28 September 2022 and signed on their behalf by:
Perry MacQueen (Sep 29, 2022 10:38 GMT+1)
......................................... P MacQueen Trustee
The notes on pages 8 to 13 form an integral part of these financial statements. Page 7
CHURCH TEAM MINISTRIES INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
1 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 1 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. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
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.
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CHURCH TEAM MINISTRIES INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 (CONTINUED)
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.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
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 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.
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CHURCH TEAM MINISTRIES INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 (CONTINUED)
2 Income from donations and legacies
| Unrestricted funds General £ Donations and legacies; Donations 18,335 18,335 3 Investment income Interest receivable and similar income; Interest receivable on bank deposits |
Restricted funds £ 15,959 15,959 Unrestricted funds General £ 5 |
Total 2021 £ 34,294 34,294 Total 2021 £ 5 |
Total 2020 £ 43,857 |
|---|---|---|---|
| 43,857 | |||
| Total 2020 £ - |
4 Expenditure on charitable activities
| Ministry support - Africa Ministry support - UK Ministry support - Europe Bank charges Postage and stationery Independent examination |
Unrestricted funds General £ 11,382 20,058 - 25 283 600 32,348 |
Restricted funds £ 7,262 - - - - - 7,262 |
Total 2021 £ 18,644 20,058 - 25 283 600 39,610 |
Total 2020 £ 46,314 14,691 189 75 135 570 |
|---|---|---|---|---|
| 61,974 |
5 Trustees remuneration 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.
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CHURCH TEAM MINISTRIES INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 (CONTINUED)
| 6 Debtors Accrued income 7 Creditors: amounts falling due within one year Accruals 8 Funds Balance at 1 January 2021 £ Incoming resources £ Unrestricted funds General General Funds 20,296 18,340 Restricted funds Project Kenya Fund - 23 Project Maliaka Fund 40 242 Project Bournemouth Christian Church Fund 49,469 8,530 Africa Conference Fund 935 7,164 50,444 15,959 Total funds 70,740 34,299 |
2021 £ 3,457 2021 £ 600 Resources expended £ (32,348) - (262) - (7,000) (7,262) (39,610) |
2020 £ 3,658 |
|---|---|---|
| 2020 £ 570 |
||
| Balance at 31 December 2021 £ 6,288 23 20 57,999 1,099 |
||
| 59,141 | ||
| 65,429 |
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CHURCH TEAM MINISTRIES INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 (CONTINUED)
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 assist 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 Families 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.
| Unrestricted funds General General Funds Restricted funds Project Kenya Fund Project Maliaka Fund Project Bournemouth Christian Church Fund Africa Conference Fund Project Madagascar Orphans Project Bulowayo Church Total funds |
Balance at 1 January 2020 £ 37,129 54 1,020 38,999 2,277 1,655 7,723 51,728 88,857 |
Incoming resources £ 22,190 7,501 312 10,470 2,384 - 1,000 21,667 43,857 |
Resources expended £ (39,023) (7,555) (1,292) - (3,726) (1,655) (8,723) (22,951) (61,974) |
Balance at 31 December 2020 £ 20,296 - 40 49,469 935 - - |
|---|---|---|---|---|
| 50,444 | ||||
| 70,740 |
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CHURCH TEAM MINISTRIES INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 (CONTINUED)
9 Analysis of net assets between funds
| 9 Analysis of net assets between funds | |||
|---|---|---|---|
| Current assets Current liabilities Total net assets Current assets Current liabilities Total net assets |
Unrestricted funds General £ 6,888 (600) 6,288 Unrestricted funds General £ 20,866 (570) 20,296 |
Restricted funds £ 59,141 - 59,141 Restricted funds £ 50,444 - 50,444 |
Total funds at 31 December 2021 £ 66,029 (600) |
| 65,429 | |||
| Total funds at 31 December 2020 £ 71,310 (570) |
|||
| 70,740 |
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