COMPANY REGISTRATION NUMBER: 04478212 CHARITY REGISTRATION NUMBER: 1094052 Carm81 Mlnistries International Company Limlted by Guarantee Financial Statements 31 October 2023 ACCOUNTANTS247 LIMITED Suite 205-209 Malthouse Business Park 48 Southport Road Ormskirk Lancashire L391QR
Carmel Ministries International Company Limited by Guarantee Flnancial Statements Year ended 31 October 2023 Page Trustees, annual report (incorporating the director's report) Independent examiner's report to Ihe members Statement of financial activitiès (including income and expenditure account) 13 17 Staternent of financial position Statement of cash flows 18 19 Notes to the financial statemenls 20 The followlng pages do noi lonn part of the flnanclal statomenl8 Detailed statemeni of financial activities 32 Notes to the detailed statement of financial actiwties 34
Carmel Minlstries International Company Limited by Guarantee Trustees. Annual Report (Incorporating the Dlrector's Report) Year ended 31 October 2023 The trustees, who are also Ihe directors for the wr[seS of company law. presenl their rewrt and Ihe linancial statemenls ol the charity Iof Ihe year ended 31 Crtober 2023. Reference and admlnistrntive detalls Raglstored charity namo Charlly reglstratlon numbor 1094052 Camiel MiThstries Intemalional Compftny rnglstrntion number 04478212 Prln¢lpal olflco and Ygglsterad 817a Balh Road off Ice Brislington Bristol Avon 8S4 5NL EnglaTrJ The tN8te08 Mr Sean L£ask Miss Gerardina Meyers Mlss Lorena Muchenje Mr Igors Sidorisins Mrs Mich8118 Leask (Appolnled 7 Nov8mter 20221 (Appointed 3 September 20231 (Reslgnad 31 July 20231 Company Secretary Mlchelle Leask IrKlapendenl Examlner Accounlants247 Limit8d Suite 205-209 MJthouse Busirws Park 48 SoLrthp)rt Road Omiskirk Lancashiro L39 iaR B8nker4 The Royal Bank of Scotland 38 St Andrew Square Edinburgh EH2 2AD
Carmel Ministries International Company Limited by Guarantee Trustees. Annual Report (Incorporatlng ihe Dlrethorfs Report) (COnihI1) Year ended 31 October 2023 Structure, governance and managemént Natura ol goveTnlng document The organisation 1$ a charitable company limited by ouaranlee. illcorFx)rated on 5 July 2002 and registered as a Charity on 4 Octoter 2002. A review of the Articles has been undertaken to ensure they are in line with current legal and best practices aThJ was adopted by Special Resolution on the 27 Octob9r 2016. Rocrultmont and appolntment of Trustoos Th8 directors of the oynpany are also the Trustees for thè purpos8s of CharFty Law. Undgr the requirements of the Memorandum and Arlides ol Asscciation, the Truslees are not subject lo relirement by rolallon. Unless olhewse determined by the Charity in a ger¢eral meeling, Ihg temi of office of a trustee shall continue until helshe retires or is removed in accordance with the relevant provisions ol the Articles. In the event ol the apFointmenl of a new Trustee. a full Inductlon and training ycgram will be developed in line Ihe prev&ling best practices as set out al the lime by the Charity Commission. Organlsatlon81 gtiuctur• The Trust8es provide strategic visionary leadgrship to ihe organisation. Wittrdn the guldelines ld down by the Trustees, daily operational dl$lOn$ are made under the d'reclion of the Chief Executive Ofllcer. Carmel Chrfstian Centre Is managed by the CEO vtho is reswnsible for the slraleglc and operalSonal management and rep)rts directly lo Ihe Chair of Trustees. Day to day accounlabilily lor the provision of the setvices rest wilh the Chief Exewlive Ong wth the Company Secrètary. The Chief ExeCUte is reswnsible for ensuring Ihat Ihe Charity delivers the seNic8s specified and that kay perfomiance indicators are met. The charity has outsourced our Human Rèsources to ensurè that we Contlnue lo develop the skills and yrkIng practices in lino with government legislation and goc pracllce. We have also outsourced our financi and payroll Processing to Accouniants247. Rlsk mftnagemenL All linan¢ial transactions are prc¢essed via a rigorous system that ensures that dl transactions arè aulhorised by a senior member of staff. AEI MberS of staff completed H8alih and Safety and safeguarding Iraning to ensure Ihat our systems and prc¢eduTes are up to dale and comply wlh 1 relevant legislalion aThJ mf(igate ham to people in the tIlding as far as posslble. Levels ol risk are monilored by rnberS of the Exeortrve management team, and réported on, and dealt with as appropriate. Our risks inclLKIe: Flre at the building. This is mitigated by ensurirvJ that our electricd IralatiOn is in a sale condltion, that our portthe apF4iances are regularly lested and conlimied sale. A remolely monitored lire and smoke alami ensures that the Avon Fire and Rescue crews are called to th8 building in the event of an alarm. All firefighting ewipnorn is maintained by a specialist fi through annual inspectlon. Theft and criminal damage. This is mitigaled by InstaFling a dud PIR sensor alam system throughoLrt Ihe buildlng. This is regularly maintained by a specialist alam firm and is monitored by a remote alami cenlre. The system includes an auto dialer thai connects to the local Police Force in the event ol an activalion whilst Ihe building is dosed. Whilst the txAildiNJ is open. all access doors are protethed by swipe card access points so that casud visitors cannot $$ the buildi¥vJ Mthout tho appropriate equiprnenL
Carmel Minlstries International Company Llmited by Guarantse Trustees, Annual Report (Incorporating the Dlrectots Report) (conunuod) Year ended 31 October 2023 Reputational damage and risk of closure. Inabiltty of our key personnel to be able to deler pUle speaking engagements thereby affecting our voluntary IrMe on a Sunday. This risk is mitigaled by developing slrengttr in depth of Ihose Ihat can dellver L1C sp8alung engagements should the designated speak8r not be avallable. We Mntain a Socid Media policy to ensure our media exFrf)sure is mdntained lo a high starthrd. We ave reviewed our Memofandum and Artides to ensure ara in Ilne with current law and best practice. Data loss. Qur IT systems have been to ensure a robust backup of busineSsritical data, and v4e are eXorIng Ihe extension of thal to indude cld-base bad(ups as an addilional layer of backup, Local civil unrest. Thls Is rnttigated by the installatlon of a secondary alann in the IlId1rJ. It Is used when thè building needs lo be locked down. and alert users not lo leave the builthng. Safeguarding licy ensures compliance vAth legislation and local aut)rIty requirements
Carmel Mlnistries International Company Llmiied by Guarantee Tru8iees' Annual Report (Incorporallng the Dlrector's Report) (contthuod) Year ended 31 October 2023 Outslde scrullny Carmel Minisliies International is scrutinised by severd outside wblic bodies. As a Charitable Company we are regulated by b4Xh Companies House (Company registered numb8r 44782121 and the Charily Commission (Charrty registered number 10940521. The building is registered as required by the Places ol Worship Registration Act 1855. The Ixjilding is registered loi the Fxjrposes of marriage under the Maniage Act 1949, Section 41. Whlstleblowlng polley Employ6es may. in carrylNJ out their reswnsibilltles. have access lo. or encounter, Information ol a confidential nalure. The teuns and Conditions provide that except in Ihe proper performance of their duties, employees are lorbidden from cthsclosing. or Mang use of in any fonn thatsogver, such confidential inlormallon. However, the law allows emrAoyees lo make a 'prolected disclosure" ol certain informalion. To be "piotectecr a d'sclosure musl relate to 8 speclllc $ubl8cI maller {li8led below) and th8 disclowre must made In an appr¢)priale way. If in the course of em QYment, an employoe becomes aware of inlormalion which they reasonably believe tends lo show one or more ol the tollowng, they musl use the Cijmpany's disclosure procedure set Ixrt b810w: al That a criminal offence has ccffimitted. Is beiry committed, OT Is likdy lo be ¢ommltted. bl Thal a person has ¢ail8d, Is l&ling, or is likely to fail lo V•ith any legal obligatlon to whlch helshe is subjecl. cl That a miscarrlage ol Iusiice has occurred. is crcurring, or is likely to CCUr. dl Thal hedth or safèty of any individuai has been, is being, or is likdy to be endanger8d. èl That the environment has en, Is bglng, or Is Ilkely to be damaged. 11 That infomallon teThJing to show any of the above has teen. Is being, or 1$ Ilkely lo be d811beralely concèded. Dl8closure pro¢*luro Infoimallon which an employee reasonably belieS to show on8 or more of the atove should promplly be di10$ed to Iheir managèrlgjpervisor so Ihat any appropriate action can be taken. 11 it Is in8ppropriale to make such a disdosure lo the managerl supervisor, the eM0ye9 should speak to Rev. Sean Leask. Employee8 wll suffer no (letiiment ot any sort for makiTrJ such a disclosure In accordance wllh thls procedure. However, failure lo tdlow Ihis procedure may result in the disclosure of Information losing its"prolected Slalus.. For further guidance in relation lo Ihls matter or concerning the use of the thsclosure procethre generally. employees should speak In corfldence to Rev. Sean Leas
Carmel Ministrles International Company Llmlted by Guarantee Trustees. Annual Report (Incorporating the DIreOS Report) (contthwd) Year ended 31 October 2023 Obi8ctlves and acllvltias Objèets and aims. The objeths of the Charfty are:. Athance the Christian F&th in accordance wilh ihe Statement of Beliefs In such parts ol the United Kingdom and the vthyld as the Trustees may time to Ilme Ihink fit. Other such purpos8$ which are exdusively charitable acrdIng to the law of England and Wales and relate to ihè chafftaL4e th of the Chaiity. Publlc bgnofil The Trustees conflmi Ihat they have CoMled wth the re(yJlrwnents ot seclion 17 ot the Charities Ael 2011 to have due regard to the wblic benefit guidance wblish8d by the Charfty Commission for England and Wales. In lino wlth Charity Commission guldellnes the Tfustees continually rwiew the Charlty's fullilment of publlc benefit. As outlined ats8 Charity's rn$ are to'.- 1. Pfomole rellglon through the womotion of the Christlan Faith" and to 2. Undertake such wrw8es wthlch arè exduslvely charitabl8 as dgfined withln the law of Eng5and and Wales. The primary purpose of the Charlty Is to ploIe the Chrfstlan Fafth. To suppJrt thlg alm, the Chartty provides a building as a place of rshiP which the wblic Is fre@ to attend. Access is conlinually revlewed in the Ilghl of rdevant dsabillty legislation to ensure public worship services are as lully accessible as possible. The kyjllding has Clear extemal signs and has invested In larg& road front signage Ihat promotes vidbility. The Chwity malnlains a website that provides full deials of th8 servlces PTOVi(kd, including thè open public thorship se1, and ensure as lar as Is possible that Inlernel search engines return that website athJress on the first page ol results. Follng the Charity Commission's guidance, the Trustees believe ihal this Provision salislies the lest for public benefit. Notwiihslandlng that, Ihe Tnjstees ensure thal the IdlowirvJ services are provided that further promote aim number l - the promotion ol religlon. Conducting Chrlsts'an instruclion lor children durirvJ open worship servlces. Conducting rdigious ceremonies such as weddings arKI funerals. Psing foNms bthere enquirers can inv8sligate the Christian Faf(h vithoLrt otAig*ion, specilically: Through stre81 leams. Through the provision of food on the street lo the homele&8. Through UK based arKI intemlonal mission actNities. Wrrting, yoducing and promoting Christian 0k$. Te&hiThJ a course introducing new converts lo the basics of the Christian Fwth. Vistbr¥J the sick in hospitals. Continulng within these aims during the pasl year the Charity fulftls the 'other such purwses. charitat49 ftion as set out below. 1.1. The prevontion or relief of pcvoty 1.2. The aaanceMent of the arts
Carmel Ministries International Company Llmlted by Guarantee Trustees. Annual Report (Incorporating the Dlrectorfs Report) Year ended 31 October 2023 2.5 The relief of those in need, by reason of youth. age, i11-heah, dsability. financipj hardship, or lttose that are disacfvanlaged. In luwilment of aim 2, the Trustees note the foll0vng activities that luifil Public Benefit. 2.6 Provide debt management thice. Run a Money Management course. 2.7 Making free courses availthe coverirNJ pre-maniage counselling; Marriage counsg11ing' Dlvorce ounselling and Bereavement counselling. Teaching a course of the basics of the Christian F&lh in local prisons. And 2.3. Provide at cost price the basics course to other churches. Stream Christlan malerlal vla the internet 2.8 Convenlng tlm8s of Christian vrship in four local prisons. Assistin9 In the Chawalncy dutles at local prisons. 2.9 WrttSng, produclng and preserning publ1¢ perf0mlants of Flays arKI musicals wrlttgn by members of the Charity. Encouraging prayer. prasse and stLth. 2.10 Empower crealfve deslgners 1th freelance aThJ Intemshlp worK to enable them lo improve thelr employabllity potentlal. Future rAans10 fulfll the Publlc Benellt requlrement are: 1. Grow our servlces in the c(Nnmunlty. 2. Grealerloint working init1e$ wlth other charities and churthe8 Oblectlv88, 8trato01•8 and 8¢tlvltlo8 The main 0.ectiVeS armd activities for Ihe year contlnu&Y to t%8 Iocus8d on the promotion of the Chrlslian fallh, educalion, improvement of lrfe ills a1 lamily vdues. childcare and dleviallon of poverty. Thè strategies employed lo asslsl th8 Charity to meet these otyectlves Irded the followlng: Provldlng a raroe of services wlthln lh& communlty whlch are reflective of r618vanl quallty standards and addresng Ihe potential arKI OFvJoing challenges. Feeding and clolhing the h(xneless and (privgS as 11 as the rellef of poverty In our local community. Providing educallonal SUFWt a1 seNices to the community. Education and care of children and youth. Engaging th the Prison Chaplairw SeNi¢è io pr(wi(k spirilual suFy)rt and guidance to four local prisons. Missions and services V4rfyrldwde. Internel streaming ol church service& Build relionships vAlh other Christian Mnistries arouThJ Ihe thK)rtd. Provide work experie1 to help peOe gel back to Y)Tk' orloin a new workforce. Host conferences to lurther the Christian Fwlh. Continuation of the vision lo find ways and means of Feaching out to the communty, being proactive in assessing arKI stralegizing the rlght approach io the needs of people y ntact or who contact us.
Carmel Ministrles Internatlonal Company Llmfted by Guarantee Trustees. Annual Report (Incorporatlng the Director's Report) (ththued) Year ended 31 October 2023 OUT Mission Is elear. Carmel's mission statement is Luke 9..2 'He sent them lo preach the lQngdom of God and lo heal the sick, which was grven to us in 1994 afmy has become focal wnl of all we do and helps us navigate G(Kl's unfolding plan for Camd. To a¢hiÈve this Gcxl gave us a 4- phase strategy: Which is to cover our city, trless our neighbjuis, serKJ to Ihe naion. arKI touch the vr1d. this allow5 US to m¢JltitAy globally establishing the vision of God. The Concept of one Church. many lOlI0nS is the Blueprint ol the Mission, Slralegy and Process thal Ihe vision of Camd follows. Following this t4ueprint has seen the work floullsh. Vlsion All vision comes frThTr Grxl and Vlith thls He gives a strategy for its fulfllmenl. God had a vision of man when he Cfealed the heavens and thè earthl He had a vision ot red8mption when man fell, He had a vlsion lor tho church when Jesus Christ retumed to heaven. and He has a vislon tor His bride for whèn He returns. Vlsion 18 a wactical arKI wrposelul necessity for bellevers In tCJay'$ world. It is our r8sponsibilily lo draw near to G¢xI to tind oul just that it is. Carmel's vision is rooted in four baslc Instructions vthich align us Tr•rith the Ix)ok cl Acts 2:42 {MEVI They continu&J steadlaslly in the apostles, leachirtg and fellowship. In the breaking of bread and in Ihe prayers." Vislon Values We all havè an imFK)rtant role to aY In 8eeing the vislon establlshed In preparation for th8 relurn ol Christ, we have been ploughing a1 planting for t)ver 20 years vith many ministries belng birthed and many flnding their place In the global lamily of G¢)d. It is timo for Ihe great haryesl of souls and God has given us Ihis window of opportunity, A prophecy en In 2016 said: "Seeds FIan1j years ago have come to full matUty and are ready to be harvested. Wlnds ol changè are blowng. and a changing ol Ihe guard Is comiro lo the Church as well as the political arena. Weeds are being uprooted that have been Choking the Ilfe out ol my children and distracting Ih8m from me.. We conlinue to se8 these charoes globally and il is as11 the church Is awakèning fr¢Jn ils slumber a1 Is trfinning lo roar Ilke the Lion of the triba of Judah. Stratsgl¢ report The follo1ng sectlons for a¢hiev8ments and pertomance and financid revlew form the slralegi report of the chadty. Achlevomonls and perfonnanc8 202212023 - In November 2022 tho truslee's board byas restnthred fr(yn three to fNe members as we saw the need for greater accountabilty and Iransparency in running the charity. A new senior pastor was appointed and the leadership SInture wllhin the ¢hurch has been changed. The Iruees ordèred In depth governan review and as a result the new board have bèen actively Y+1ng to iMpeMent a robust safeguarding cutture a1 rotxt financial controls 7Mth the church. 202212023 was Ihe year of Fresh V4Ells as Wan to wl in Pla many projects and minlstries Ihat would lead us to tulfilling Gc•J's mandate lor Camiel Ministries Intemational. This year, we almed to realign the church th original vision which tt was pan1 and establiStl.
Carmel Ministrles International Company Limtted by Guarantee Trustees. Annual Report (Incorporating the Dlrector's Report) (conthiu6d) Year ended 31 October 2023 2023 was about re-digging the 11$ of Llessing, favwr and provigon that were established with the origind vision of Ihe church. Focusing on that which God has ordained for this ministry. Our focus was to be that of prayerfully trusting God lo re-establish those Ihings that had falen away from regular use in the daily life ol the church. This was (bne through prayer and teaching around the seven things that where the locus ol the vigon for Ihe year. They Ire The Holy Sprit, the Word of God. Prayer, Worship. Relationshlps, Discipleship and Leadership. 2023 - We hdd a ladies conference c4led Honour which was attended by al)out 100 ladies from within church and Ihe wd81 community. We dso held an Encounter weekend Dr Guy Peh lo encourage the believers in our Community to deepen th*r relationship with God. We continued lo be involved In th8 18eding the homeless and reaching out to the needy in our community. We aso conllnued with our visits lo Eastwood Park prison and the men's prison in Pucklechur¢h. At chr1maS tim6 we sent 400 oifts to the Easlwood Park prison. Every year we build on the F4attomi ol the previous year, it is nol a charoe of fc¢us but rather an unfolding revelation ol G¢xI's building an. It is never comfortable and requires US to grow in ourselves that 711 ielease the Folential that may be lyirHJ dOan1 in us. it $0 presents us wtlh the opportunlty lo learn and em 0Y our gifting to the Glory of God.
Carmel Ministries International Company Llmlted by Guarantee Trustees. Annual Report (Incorporatlng the Dlrectorfs Report) fconttnd) Year ended 31 October 2023 Flnanclal revièw The principal funding s(xJrces of the Charty are by way of donations given mainly by the congregation in the lom) of lithes arKI offerings. Thase are free will gifts giver¢ wFlhout expectation ol favour, reciprocal gift, or use of seNices. Grfts in kind are valued at their eslimaled value to the Charity- If a donor specifies that a donation is to be used toi a specilled purp)se, the amount will te treated as restricted funds. Qualtlying expenditure is sel againsl the restricted funds. Designaled funds are unrestricted funds that the Trustees have deslgrtaled lor a specific purpose. Inciyne generated from de8ignaled funds 18 treated as generd Income. General fuThJs are neither thgnaled nor reglricted. Overall Sncome lor the year was £233.413 12022: £496,679}, and lolal expenses £245,538 12022: £527,772). The Trustees are aware ol these eXnseS and lormdly approve Ihem al th8 Trustees meetings as they are presented. R880rvo9 poIIcy Carmel Mlnlstries International general fund Is an unreslrfcted Income fund and therefore requires a reserve policy. Whilst the F¢)licy remalns to malnlain reservès, thè TTU51ees are very aware of the general legal duty lo apF4y charftab5e funds bmthin a reasonablè lime of receiving them and have a¢lNely encouraged delegated staff lo utillze funds on Charilale purposes wthin thelr charitable oblecllvgs and in a manner that as tar as possible meets donor's wshes. 11 is noted that several donors may specify thal their funding is Intenrjed lo provlde fundlng for a specified project. Where Ihls Is specifically restrided, the projecl funding %•AlI te ring fence(J into a resiricied fund atKI will not form part of this resgrvg pcAIcy. The Truste8s havè condLKted a Ihorough r6ylew ot the major rfsks that wDuld prgvent the Charity carrying out Its norrnal weekly operation (see above) and are satisfied Ihal suff cient sleps have been taken lo mitigat8 those risks sufficiently to ensure continued 0ratIOn. The Trustees are confident Ihal in th8 event ol a r2lastrophic event that affects the building that Ihey could cdl on the church members to continue lo supwl the Chty through voluntary donalions direct Into the varlous bank accounts until such time as the building is brought back into operation. The Trustees note that ltte current Fr6e RrVeS starxl al £58,81412022: £60.7481 arKJ are satisfied that lulure. together with Improvements to income due after the BalanL Sheet date on The Charity as a Going Concern, wll brlng the Free Reserves In line vth this p)licy. Golng forward the Trustees wTrll regularly review thls Policy wlh the Intention that Free Reserves wlll be held al a level commensurate wth three months fix1 costs for the Charity. Golng concern The Trustees have revieEd the Qrent environment in vthlch the Charity operates and are salisfied that there are strong feasons to believe that the Charity will be a going concern into the future. There have been no issues that have arisen Sin the Balance Sheel date thai would require the Trustees lo liquidate the Charity or to cease ils activities. The numbers of inthviduals attending Ihe Church is steady, and th il the voluntary income ihal arises from thal constituency. The Bible InstilLrte is is going well wlh a new cohort of part lime sludents that has improved the fee income from the Insl¢tule. The Trustees also note that the debi outslaThJir on the mortgage charge over ihe main building has een satisfied. TNS has led to a lolal reduction on the amount of interest charged by salé lender. thus removlng the pressu on expefKliture. Cash position has improved sigr¢ilicantly, however remains an ongoing challenge wlhin the ministry and 1 operations are managed in accordance wth the weekly cash tlow reporting structure.
Carmel Minlstrles International Company Limited by Guarantee Trusiees. Annual Report {Incorporallng the Dlrectorfs Report) Year ended 31 October 2023 Plans for future perlods To ensure that the Charity discharges its reswnsibilities to the Charity Commission, the Trust&s will investigate the legal avenues that can be use(1 lo ensure thal any trading actwilies of the Charity do not breach Charity requIrentS. To ensure the contiwed coml¢)rt and wellbeing of the congreganls on Ihe weekend, as well as the vthload ol the teams invdved on a kend, Ihe Trustees wll continue to investigate the options lor optsmising the main auditorium capacity. We wll investigate working in partnership with organisalions in the UK a3 oveiseas to deliver suppxrt lo those in greatest ne8d wthin society. io
Carmel Ministries International Company Llmtled by Guarantee Trustees. Annual Report {Incorporatlng the Director's Report) (wrtknidJ Year ended 31 October 2023 Trustees. responslbllltl8S Statenx The tNstees, who are also directors for the purposes ol MpanY law, are responsible lor preparing the trustees, report and the financial slatements in accordance Vth applicable law and United Kingdom Acrounting Standards (United Kingdom Generally Accepted Accounlng Practice). Company law requires the charity trustees to prepare finaral slatnentS for each y8ar whleh glve a true and fair view of the ate of attr$ ol Ihe charitable ccxnpany arKI the irwning resourcès and appiicatlon ol resources, including the irwe and expenditUT8, for that period. In prgparing ihase Ilnancld sialements. the InteeS are required to: select suitable acwunting policies and Ihen apth them cOnstentIy. otÉeNe the methcmds prIlpleS In the atplicat4e Charitles SORP: make judgments and accounting estimates that arg renabl& arKI prudent: state whether applicatJe UK Awjunting Slandards have been followed. suty'ect to any materi departures disclosed and explasned in the linancial statements.. prepare the linandal stalemenls on ihe golw concem bags unless il Is inapwopriale to presume that the tharity will conlSnue in n9s$. Thg tru8t8es are responsible for keepiTvJ ad8quate accounting records that arè suffident to show and explain the charlly's transactions and disclose wlh reasonablè accuracy al any time the financial position ol the Charity and enable them lo ensure that the linanLyal statements wmply wilh the Companies Act 2006. They are also ress))nsible for saleguarding the assets ol the ¢harily and hence for taklng reasonable steps for the preventi and det&tion ot fra and other irregularities. 11
Camiel Ministrfes International Company Llmited by Guarantee Trustees, Annual Report (Incorporatlng the DirectOS Report) (conthiiwd) Year ended 31 October 2023 Each of the persons 5th01$ 8 trustee at th8 date of approva of this report confimis that g) far as they are aware. there is no rdevant infomiatlon of Nthich the charity's examiner Is unaware., and they have taken 811 ps tr1 they Iwght to have taken as a trustee to m8ke themselves aware of any relevant Information and to establish that the d)ariVs examiner is aware of that infomiation. The trustees. annual report and the strateglc report 74re appred ...gth...J.uly..2Q24.. and signed on baha of the board of trustees by: Mrs Marion Meyar8 Chair of Truste88 Michell8 L8a8k Charity Smtary 12
Carmel Ministries International Company Llmited by Guaraniee Independent Examiner's Report to the rnber5 of Carmel Minlstries Internatlonal Year ended 31 October 2023 Opinlon We have independently examined the financld statements Caymd Ministries Int8mational Ithe 'charity'l for the year ended 31 October 2023 which comprise the statement of financial activities linciuding income and expenditure account), statement of flnancid wsition, statement of cash flows and the related notes, induding a summary of gnificant accounting policies. The financi reportlng framework Ihal has been applied in their preparation is applica8 law and United kcingdom Accounting Standards, including FRS 102 The Financiab Reporting Standard applicable in the UK and Republic ol Ireland (United KSngdom Generally Accepted Ar£ountiThJ Practice). In our opinion the linanri81 statements: give a true and f&r view ol the stale of the chaTitys affairs as at 31 Crtober 2023 and of its In¢oming resources and apIcatIon ot resources, induding its income and expenditure, for the year then efthd. hav9 been propedy preparad In accordance vlth Unlled KIWM Generally Accepted Accounting Practlce; have been prepared In )rdance with the requirements ol the Cthnpanles Aci 2006. 8ag18 for oplnlon We are independent of the charity In ace0r(lae wth Ihe ethIc rUIreMentS that are relevant to our examination of the linala1 slalemenls in the UK, including thè FRC'S Elhicd Standard, and we have fuhlilled our other ethical responbIlIttes in accordance th these requlremenls. We believe that the examination evidence Y•* have obl&ned is sufficient and appropriate lo provide a basis lor our opinion. Con¢lu8lon8 rèlatlng to golng concem In examlnlng the finaTKlal statements. we have eonclLthd thal the trustees, use ol th& golng concern basis ol accounllng in the preparatlon ot the finaThi staiemenls is appropriate. 8ased on the work we have perfomed, we kne not identrfied any material uncertainties relating lo events or conditions that, inthvidually or lleCtivelY. may cast significant doubl on the charity's abillty to conlillue as a going concern lor a period of at least tsvee months trom when the flnanci statements are aulhorlsed for Issue. Our responsibllitles and the respMsibiliti8s of Ihe trustees ¥th respect to going concern are described in the relevant sectiotts of thls reFQrt. 13
Carmel Ministries International Company Llmlted by Guarantee Independent Examiners Report to the Members of CarnRI Minlstrles Internatlonal (contlnued) Year ended 31 October 2023 Olher infomiation The other inlomiation comwises the infornalion 1ndLd in Ihe annual report. olher than Ihe financi statements and our independent examinerfs report Ihereon. The tru51ees are responsible lor the other inlormalion. Our op¥nion on the financial slatemenls does not Cover the other infomiaiion and, except to Ihe exlenl otherwse explicrtly stated in our rerort, we do nol express any form of assuranca conclusion Ihereon. In connection wth our examination of the financiJ stalemerts. our responsibllily Is lo read the other information and. in doing so, ¢onsider whether the oter infomation is materially inconsistent wlh the financial slalements or our knovlethje oblain8d in the examinalion or otherwise appears to materidly misstated. If identify such material inconsistencies or appanI malerid misstatements, we are required to delermine whether there is a material misslatement In the financial statements or a maleria misslalement ol the other inlormation.11, based on the Y*Drk we have perfomied, we conclud8 thal there 18 a material misstatement of thls other inlomiation, V are requir1 to report that fact. We have nothing lo reFort in thls regard. Oplnlons on other matter8 pre8CrIb by the CoThyanle8 Act 20( In our opinion. based on the %%rrk urKlertaken In the o)urse of the examination". the inlomalion gwen In the trustees, report for the Ilnanclal year tor which the flnandal statements are prepared is consistent with Ihe financid stalemenls.. and the trust8es' report has been prepared in accordance wlth apF4icable18gal requirements. Matters on whlch wo are requlrod to report by excepllon In the light of the knedge and understanding ol the charlty and Its envlronment obtalned in the course ol the examinallon, we have not identified material misslatements In the trustees. report. We have nothlng to report in respect ot the Idlowng matters in reiatlon lo 1¢h the Companies Act 2006 reqLAires us to report to you rf, in our onIOn. adequate arxounting records have nol been kept. or retums adequate loi our gxaminalion have nol been recelved from branches not viyted by L&8: or the finan¢id statement$ are nol in agreemanl the ac£ounting records and relurns; or cèrtain disclosures of truslees, remuneration specrfied by law are not made; or we have not reCeN all the intomiation exFlanalis require for our examination. 14
Carmel Ministries International Company Llmited by Guarantee Independent Examinefs Report to the Members of Carniel Ministrles International (contln Year ended 31 October 2023 Responsibilities ol Irustees As explalned more lully in the Iwstees. responsibilities statement. the trustees (who are also the directors for the purposes of company law} are responslble for the preparation of the linancial statemer¢ts and for being salistied that they gfve a true aThJ fai view, and for such internal corlrol as Ihe Iruees delennine is necessary lo enthe the preparalion ot flnancial atemenls IIRI are Iree from materiat misstatement, whether thje to traud or error. In preparing the financial 8talanents, the trustees are respon51ble for assesslng the charily's ability to continue as a going concern. disclosing, as applicable. mallers relat8d to going concern and using the going cOrM basis ol aocounting unless the twstees elther Intend to liqiidate the chartty or lo cease operations, or have no realislic alternativo I1 lo do so. Indepond•nl Ex4mlnor'• •thknent Our objecllv8s are to obtatn reasonable assurance at)Ut vthether Ihe financid statements as a whole are free Ircffi material misstatgmenl, whether due lo fraud oi error, and to issue an Independent examlner's report that indudes our opinion. Reasonable assurance Is a high level of assurance, bul is not a guarantee that an examination conduded in accordance wllh ISAS IUKI will always detect a malend mlsslalement wthen it exists. Misstatements can arise frwi fra1 or effor arKI are consldered materi& it, indivldually or in the aggregate, they could reasonably be expected to Influence tha economic de¢igons of users taken on the basis of these finanoal slatomants. Irregularflie¥, IncludSng fraud, are Instances ot nOn<0mlanCe wlh laws regulatlons. Wa deslgn procedures In Ilne with our responsibilities, outlined aLy)ve, lo delect material misstalemenls in respect of irregularitles, inclLKling fraud. The exlenl to vthlch our Fyocedures are capable of delectlng Irregularities, induding Iral is detailed below. A8 part of an examination In a¢¢ordance vmh ISAS IUKI. we exercise professional juthJmenl and maintain prolessional scèptiasm throughout lh8 examination. We also: Identlfy arKI assess Ihe risks of material misstalement of the finanoal statements, whether due to IraLtd or error, design and pertorm examination procedures responsive lo those Tisks, and obtain examlnation evidence that is sufficient and approprlale to provide a basis lor our oplnion. The rlsk ol not delectlng a mater1 misstalemenl resulting Ir fraud is higher than for one resulting from error, as IraLKI may involve Cdlusion. lorgery, inlènlional omlsslons. misrepresenlations, or the overridg Ot intemal conlrd. Obtain an understanding ol Internd contrd relevant lo Ihe examinatton in order lo deslgn examination procedures that are appropriate in thè circLMnslance4 but not lor the purpose 01 expressing an opinion on the effectiveness of Ihe intemal conlrol. EVuate the appropriateness of accounling Fdioes used and the reasonableness of accountlng estimales and related disclosures made by the truees. 15
Carmel Ministries Internatlonal Company Llmlted by Guardnteè Independent Examinèrfs Report to the Members of Camwl Minlstrles Internatlonal (eonlth Year ended 31 October 2023 Condude on the appropriateness of the trustees. use of the going con¢8m basls of accounting 8nd, based on the examination wdence obtsined, N%t)ether a material uncertainty exists relaled to events or corKlitions that may cast $ignific8nt dbI on the chgritl8 ability lo continue ag 8 901ng co[rn. If we conGlude that 8 materlal uncertainty exlsls, we are requlred to draw attention in our exIner'S report to the related disdosures In the finan slatements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the ex8mSnation evidence oblaned up to the date of wr examiner's report. However, futu avents or condiuons may cause the ¢harity lo ¢ease to continue as a going concem. Evaluate the overall presentat5on, structure and content crf the fin8ncaal statanents, induding lh& disclosures. and whether the financial ststements rewesent the undedying transacuons and events in a mannerthat atheves fair pr88entstion. We communicats those charged gcwemance rg3arding, among other matters, the planned Scope and timlng of the eXamInaOn and signlficant examination flndings. Induding any slgnlficant defiaencies In Internal conlrol that identsfy during our 8xamlnation. Uje of our report Thls report is made golety to the chaiitys M¢ber8, &8 a b*, In a(thrdance with Chaptsr 3 of Part 16 of the Companles Act 2006. Our examinallon vKwk has b7 undertaken 80 that rnight stste to thè charity's Memt9 those m8ttets are required to slate to them in an examineff s report and for no other purpose. To the fullest extent pernitted bylaw, do not 8CCgPt or 8s8um6 re$ponsiblllty to anyone other than the charity and the chaiitys mbS as a body, for our audit vrk, for thls rèport, or for the op1rOn8 wa have fcfflied. Accountanls247 Llmited Suile 205-209 Mthouse Business Pa 48 Southport Road OmskiTk Lancashlr8 L39 1QR 16
Carmel Ministries International Company Llmlted by Guarantee Statement of Financial Actlvltles (Includlng income and expenditure account) Year ended 31 Oclober 2023 2022 Unrestricted futTrts Restricted tunds Total funds Total funds Income and endowments t)onalions and legacies CharItae aclivilies Other Irading actNilies Other inc¢yne 30.948 552 551 386 231.499 938 429.763 64,206 776 1,934 496,679 976 976 Total Income 232.476 937 233,413 Expendlture Expenditure on ralsing fund$.' Direct expenses Costs of other tradlng aclivitles 10 ExpendUre on ¢harItae activitles 11.12 Total expandlturn 5.394 1,105 232,537 239,036 5,394 1,105 239,039 245,538 1.527 526,24S 6.502 527,772 Net oxpendlture and net movemonl In tunds {6.5601 {5.5651 (12,125) (31,0931 Recon¢lllotlon of funds Total funds brought forward Totsl funds carrled totwant 835,31 S 828,755 13,590 8,025 848,905 836,780 879,998 848,905 The statement of Ilnandal activities irK4udes all gdns and losses recognis8d In the year. All Income and exp8ndlture dwive from conllnuing xtivities. The notos on pages 20 to 30 torni part of financlal statemert* 17
Camiel Ministries Internatlonal Company Llmlted by Guarantee Statement of Flnancial Position 31 Octobor 2023 2023 2022 Flxèd assets Tangible flxed assets 16 768,209 769,437 Current as80ts Debtors Cash at bank and in hand 17 12,150 66,840 78,99) 12,152 73,860 86,012 Credltorn: amounts falllng duo wlthln one y•ar Not eurrnnt a8•ets 18 10,419 68,571 836,780 836.780 79,468 Total as8et8 lem current Ilabllltlo8 848,905 Net asset• 848,905 Funds of th• charlty Reslrlcl8d funds Unréstricted funds 8,025 828.755 13.590 835,315 848.905 Total ¢harlty funds 836,780 These financld ststwnenls were approved by th& board of trusté8s and authorised for Issue on ..athJJJJy.2Q24., and are s1gn&Y on b8hall irf the board ty. Mrs Marion M8yers Chalr of TnJstee8 Th• notss on row 20 to 30 fom) part of thesefinanclal statemwrt 18
Carmel Ministrles Internatlonal Company Limlted by Guarantee Slatement of Cash Flows Year ended 31 October 2023 2023 21y22 Cash flows from operatlng activilles Net expenditure 112.1251 131,0931 Adjustments lor." Deprecialion ol laivJibl8 fixed assels Gains on disposal of tangitle fixed assels Accrued income 1.228 1.861 1711 14,0641 3,300 Changes in.. Trade and other debtors Trade and other creditors 3,975 11.424) 130,8161 {30,8161 575 Cash generated Irom operaOn$ Ng1 cash used in operating actlvllies 17,0201 17,020) Cash flow8 from Investlng a¢tlvlt108 Purchase of tangible assets Proceeds frt)m sale of tangible assets Nel cash used in investing activtties 12.7141 229 12,4851 rAsh flows trom Ilnanclng actlvltl Proceeds from borrowinos Nel cash used in financlng actfvllies 110,2441 110,2441 Net decr••$o In ca8h 8nd ¢a¥h equlval rA8h and cash wulvalenls al beginning of year Cash and cash gqulvalenls at end 01 ywr {7,0201 73,860 66,840 143,5451 117,334 73.860 The n(tss on pw 20 to 30 forni part ofthege financ[ statament 19
Carmel Ministries International Company Lim5ted by Guarantee Notes to the Flnancial Statements Year ended 31 October 2023 General tnlormatlon The charity is a public beneflt entity and a private company limited by guaranlee. regislered In England and Wdes and a registered charity in England aThJ Wales. The address of the registered office is 817a Bath Road. Brislington, 8rioI. Avon. BS4 5NL, England. Slaternent of compllance These financial statements have been prepared in oynF4iance wlth FRS 102, The Financial Reporting Standard appiCable in the UK and the Republic of Irelan(r. the Stalemet)l of 14ecomrnended Practice applicable to charities preparing their atxounls in accordance with thè Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charitles SORP {FRS 102)} and the Companies Ad 2006. countlng polldes Ba818 ol preparntlon The Ilnancial statements have been prepaTed on the historical tt)st basls, as rn¢xlifi8d by the revaluation of certain financial assets and liatxlities atxl investment properties measured al fr value through income or expenthture. The Ilnanci4 statements are prepared in sterllng, thich is the functional curr9ncy of the entity. Golnq concern There are no material uncertalnties at()ut the chadty's ablllly to corrtlnu&. Fund accounllng Unrestrlcted funds ar8 avallable for usa at the dlscretlon ol ihe trustees to turther any of the charity's purposes. Designated funds are unrestri(#ed funds eamark&Y by the trustees for particular future project or commitmenl. Restricted funds are subject&1 lo restrion$ on th8ir expet)Jiture declared by the donor or through the terms ot an appeal, and fall Irrto one of sub-classes: restricleA income tunds or endowment funds.
Carmel Ministries International Company Limlled by Guarantee Notes to the Flnanclal Staiements (contwxKd) Year ended 31 October 2023 Aecountlng policies (conthwdj Incomlng rosourc All inming resources are induded in the slatement ol financial activities vlhen enlillemenl has passed lo the charity-, it is probable Ihal the economic benofils associated with Ihe lyansaction will flow to the charity and the amount can be reliat4y measured. The lollowiTrJ specific policies are applied to partiar categortes of income: income from donations or granls is recognls&l when there is evidence ol entitlemenl lo the gift, receipt is probable and ils amount be measured reliably. legacy income is recognised elpt is probable and entitlement is 9slablished. Income from donaled goods Is measured at the Iwr valuè ol the goots unless this is Impractical lo measure reliably. in which case the value Is derlved from the cost lo the donor or the eslimaled resale vdue. Donated facilities and servlces are recognised in the accounls when received if the value can be reliably measured. No amounls ar8 induded for the eontribulion of general volunteers. Income Irom contracis lor the supply of seN1$ is recognised wth the delivery ol the contracted service. This Is classified as unreslricted lunds unless there is a contractual requirement lor it to b6 spent on a particular purFose and relumed if unspent, in whlch case it may be regarded as restricted. R090ure88 expended Expetvjilure Is rec(KJnised on an accruals basis as a liabllity is incurred. Expendllure includes any VAT whlch eannol be fully r0Vered. arxl 18 clalied urKler headings of the stalemenl of finandal activities lo which r¢ relates- expenditur8 on rsing funds Indudes the costs of all fu1raIsIrYj actIvleS, events, non- ¢harilatAè trading aclivities, and the sale d donated goxls. expendilure on charttat4e actrwities Ind dl costs incurred by a charity in undertaklng aclwilies thai further its charitable aims for the benefit ol ils benefioaries, including those support costs and costs relating lo thg governance of Ihe charity apportioned to ¢harllable activities. other eXndItUre I118S all experKifture that is wther relaled to raising funds loi tho charily nor part of its expendllure on charitable activitles. All costs are allocated to experKIitU calegories reflectlrKJ the use of the resource. Direct costs attributable to a stngle activity are allocat&J diredy lo Ihal aclivily. Shared costs are apportioned between the a¢b'vili8s they contritMJle lo on a T8asonable. justifiable and consistent basis.
Carmel Minlstrles Internatlonal Company Limlted by Guarantee Notes to Ihe Flnancial Statements (Lxy Year ended 31 October 2023 Accounting pollcles (COnbnj Operatlng leases Lease payments are recognised as an expense over the leas8 le on a strwght-line basis. The agoregate benefit of lease incentives is reCniSed as a reduction to expense over the lease lemi, on a straight41ne bags. Tanglblo assets Tanglble assets are Inhlaly recorded at cost. aTKI SubWL111Y stated al cost less any acwmulated dePrlation and impainnenl losse& Any tangible assets carried al revalued amounls are recorded al the f&r value al the dale ol revaualion less any subsequenl accumulaled depreciation and subsequent accumulat&J impamienl losses. An incr8ase In the carrylng amount of an asset as a result of a r8valuatlon, Is recoonlsed In olh8r re¢ognised gains and losses, unless it reverses a charge lor impaimenl that has previously been recognised as expenditure within the slatwnent of financial actwities. A decrease in the carrylng amount ol an asset as a result of revaluation, is recognised in other r8cognised galns and loss8s, exc8pI lo which il offsets any previous revaluation galn, in which case th8 Ioss is shown within other rgnIse£l gains aNI losses on the stalement of linanrid aCtive5. Depreclatlon Depreciatlon Is cCulated so as to write off the cosl or valualion of an asset, less its resldual value, over the useful enoMiC life ot thal asset as Ic4k)w5: Land and buildings Fixtures and littings Motor vehiclas No depreciation 25 /0 reducing balance 3Wo reducirKJ balance Impalrmanl of Ilxed 88setg A review lor Inclcalors of Impalnmenl Is carrfed ¢yJt at each reporting date, th the recoverablg amount being estlmaled where such indi¢alois exi*. Where the carrying vdue exceeds the recoverable amount, the assel is impaired accorclngly. Prior impairments are also reviewed lor possible reversal at each reForting date. For the purF4Jses of impairment testing, when it is not wssbl8 to estimate th8 r6coverabl@ amount of an individual asset, an 8slimate is made of the 16covèrable amount ol the cash- generating unil lo Yrfhich the asset belMgs. The cash-generaling unil is the smallest identifialje group of assets that includes the assel and generates cash inflows that largely independent ot the cash infiows from other assets or groups of assets. For impaimienl testing of gcrf)dwill, the goL)Jwll acquired in a bugness combination Is, trom the acquisition date, allo¢ated to each of the cash-genefaling units that are expected to benefit from the synergies ol the combination, iffespe¢tNe ol whether other assets or liabilities ol the charity are assigned lo those unils.
Carmel Ministries International Company Llmlted by Guaramee Notes to the Flnanclal siatements (cry Year ended 31 October 2023 Accountlng pollclas Financial instruments A financial assel or a flnanud liability is recognised only when the charlty t)ecomes a party lo the contractual provisions of the inslTLMnent. Basic financid inslrument5 arg initialty recognised at the amourrt r6wivable or payable including any related transaction cos. Current assets and currenl Ilabilltles are subsequenlly measured at the cash or other consideralion expected lo be paid N r8ceived and not discounted. Debt instruments are subsequently measurJ at amortised cost. Where Investments in shares are publidy trade(l or their Ir value can othewlse be measured reliably, the investment is subsequently measured al Iwr value with changes in tair value recognised in income and expenditure. All other wch investments are subsequently measured at cost less imwmient. Other Ilnancld insirumenls, IndLpJng derfvatives, are Inttlally reoognlsed at lalr VUe, unles5 payment lor an asset Is deleThed teyond normal business terms or linanced al a rale ol interest that Is not a market rale, in which case the asset is measured al the present value of Ihe future payments discounlgd al a mart(el rale ol interest lor a similar debt instrument. Other financlal Instruments are subsequèntly measured at fair value, wth any changes recognised in the statement of tlnanclat acliviti8S. With the exception ol hedging instruments in a deslgnaled hedglng relatlonshlp. Flnandal assets Ihal are measured at cost or amortised cost are reviewed for objectivè èvidènce ol impairment al Ihe end ol each reporting dale. If there is objecllve evidence of imwrmeni, an Impaimienl loss is ¢09Th1$ed undèr the approprtale heading in the *alement of financial activities In which the initial gain was re¢conised. For all equity Instruments regardless of signilicane8. 2nd other Ilnandal assets thal are IndlvldLJally slgn¢flcant, these are assed individudty for IMprnient. Oiher finawal assets are eliher assessed individually or grouped on the ba5 ol similar crethl risk characteristics. Any reversals of Impairment are recognised immedialdy, to Ihe exlenl that the reversal does not result in a carrwrKJ amount of Ihe financial asset that exceeds whal the carrying amount would havè been had ihe lmpas9rrt nol previousty been re(y)gnlsed. Deflned contrlbullon plans Conlribulion5 to defined conlritxrtion plans are rwnlwj as an expense In the porlod in which Ihe related service is provided. Propaid contribulions are recognlsed as an asset lo the exlenl that the prepayment will lead to a re{bJion in future paymerts or a cash relund.
Carmel Ministries International Company Limited by Guarantee Noies to the Flnancial Statements (c Year ended 31 October 2023 Aceounllng policiès (¢onth4wd) Defined contr1ttion plans (¢onllnu When conlribLrtions are not expected to be settled wholly within 12 monlhs of the end ot the reporting date in which the eMoyeeS render the related service, the liability is measured on a discounted present vJu8 basi& The UnyrKI1ng of Ihe discount is recognised as an expense in the period in whlch it arises. Llmlted by guarante8 The Charity is limited by guarantee, incorporated in Englarnl. and consequently does not have share capital. Each of the Trustee5 is liable lo o)nlritxrte an amount not exceeding £10 towards the assets ot the Charity In the evenl ol liquidalion. Donatlons and logacles Unrestricted Funds Restricted Erxlowmenl Total Fund8 FurKIs Fund$ 2023 Donatlons Donations & legades Gift aid reclamed Council grant8 551 205,536 25,963 25,963 230,948 551 231,499 Unrestricted Funds Restricted Endowment Total Funds Funds Funds 2022 l>onallong Donations & legacies Grfl aid reclaimed Council grants 330,397 67,282 26,424 424,103 5,660 336,057 67.282 26,424 5,660 429,763 24
Carmel Mlnistries International Company Limlted by Guarantee Noies to the Financial Statements {& Year ended 31 October 2023 Charllable a1vItIeS Unrestricted Funds Reslricled Total Funds Funds 2023 Activities & projeGIs Bible College School Carmel Global ChaTilablg miswons Ministry Sl Revdution 483 69 69 386 386 552 386 938 Unrestdct8d R8Strict8d Total Funds Funds Funds 2022 Activities & projects Blble college School Carmel Global Charitabte MIOn$ Ministry St Revolutlon 6,828 6,826 14,650 112 1,300 13,054 9,719 18,545 64,206 14,650 112 1,300 13,054 9.719 18,545 56,080 8,126 Other tradlng actl¥rtlè• Unrestrlcted To*AI Funds Unr8Strlcted Tal Funds Funds Funds 2022 Bookshop Coffee shop 15 761 15 761 T16 776 Other Income Unreslrtcted Total Funds Unreslrlcted Total Funds Furnts 2023 Funds 2022 Gain on dispxisal of tangit4e Iix8d assets held for charivs own use Other in¢(Nne 71 1,863 1,934 71 1,863 1,934 976 976 976 976 25
Carmel Ministries International Company Llmlted by Guarantee Notes to the Flnanclal Statements Year ended 31 October 2023 Costs of raising donations and legacies Unrestricled Totsl Funds Unrestricted Total Funds Fts 2023 Funds 2022 Direct expenses 5.394 5,394 10. Costs of other tradlng actlvlllos Unrestricted Total Funds Unrestricted Total FUNJS Furmts Funds 2022 Shop costs 1.105 1,105 1,527 1,527 11. Expendlture on charltable actlvltlos by lund type Unreslricled Funds Rericl&J ErKlowment Tolal Funds Funds Funds 2023 Expenditure on charflat4e actlvltles 232,537 6,502 239,039 Unrestrlctod Funds Restrlcted Endowment Total Funds Funds Funds 2022 Expendlture on chadtalje activttles 512,680 7,905 5,660 526.245 12. Expendlturo on charltable actlvllles by acllvlty typo ActNilies urKlertaken Total funds directy 2023 Tolal tuNJ 2022 Expenditure on Charil4e a¢tfviUes ¥89,039 239,039 526,245 13. Net expendllure Nel expenditure Is slated after charginW{creditlngl: 2023 2022 Depreciation of tangible fixed assets Gains on diswsal ol tangible fixed assets Communication & media 1.228 1,861 {711 10,370 7,006
Carmel Ministries International Company Llmlted by Guarantee Notes to the Financial Statements (cMthw Year ended 31 October 2023 14. Staff cosls The total *aff costs aThJ eMOyee benefits for the rep)rting peric<l are analysed as follows: 2023 2022 Wages & salaries Employer contribLrtions to nSIOn plans Employer nationai insurance 100.271 3.520 7,009 110,800 261,986 3,995 10,350 276,331 The average head count of emkqoyees during the year was 3 {2022: 13). The average number ol full-lime equlvalenl emF4oyees duriNJ the year is analysed as follows: 2023 No. 2022 Number ol staff 13 No emF4oyee recelved employee beneffts of more than £60.000 duflng the year Nil {2022: NIII. 15. Trustoe romuneratlon and expen808 Travel expenses were provided to Mrs Manon Meyers to the value 01 £300 lor mlleage lo Brlslol for in person meetings. No other Trustees or relal&Y parties made dalm 27
Carmel Ministrles International Company Llmlted by Guarantee Notes io the Flnancial Slatements (conl1¢} Year ended 31 October 2023 16. Tangible flxed assets Freehold Fixlures and property fittings Tolal Cost At 1 November 2022 and 31 October 2023 Depre¢latlon At 1 November 2022 Charge tor the year At 31 October 2023 765,717 147,395 913,112 143.675 1,228 143,675 1,228 144,903 144.903 Carylng arnount At 31 October 2023 765.717 765,717 2,492 768.209 Al 31 Octo1 2022 3,720 769,437 17. Debtors 2023 2022 Trade dèbtors Prepayments and accfued Income 1,775 10,375 12.150 1,777 10.375 12,152 18. Cr•dltors: amunt8 falllng du¢ wlthln one year 2022 Trade credftors Accruals and delerred income Social security and other taxes Pension Gredilor Other edItOrS 792 2,700 2,468 584 6,000 3,0 615 759 4,419 19. P8nslon9 ond othor wsl-rellroment bwllls Defined contr11tIOn plans The amount recojnised in income or experKlture as an expense In relaion to detlned contribution Flans was £4,54412022: £fJ,2071.
Carmel Ministries Internatlonal Company Llmited by Guarantee Notes to the Flnancial Statements Year ended 31 October 2023 20. Analysls ol charitable furKIs UnT8Strf¢led funds At 1 Ntrrfwnber 2022 Al 31 October 2 IY23 Income Expendllure General funds 835.315 232,476 1239,0361 828,755 Al 1 Novwnber 2021 Al 31 October 2 022 IncLyne Expendtture General funds 866.629 482.893 1514,20n 835,315 R88tr1cled funds At 1 November 2022 At 31 October 2 023 Income Expendllure Carmd Global Fund Chrisirnas Hamper FurKJ 386 551 866 7,159 8,025 13,110 13,590 16,5021 16,502} 937 At 1 Nber 2021 Ai 31 October 2 022 Inc(me Expanditure Carmel Globa5 Fund Christmas Hamper Fund Honour Offerir¥Js {860) (7,045> (5,660) (13,5651 13,329 6,826 5,660 13.786 13,110 13.369 13,590 29
Carmel Ministries International Company Llmiled by Guarantee Notes to the Flnanclal Statements f¢onifvJ Year ended 31 October 2023 21. Analysls of rwt assets tween lunds Unrestricled Funds Restricted Total Funds Funds 2023 Tanglble Ilxed assets Currefjt assets Creditors16ss than 1 year Net assets 768,209 64,962 14,419) 828.752 768,209 78,990 110,419) 836,780 14,028 (6.0001 14.028 Unrestricted Funds Restrlcted Totat Funds Funds 2022 Tanglble lixed a58els Current assets Credliors less than 1 year Not assets 769,437 72,422 {6,5441 835.315 769,437 86,012 16,5441 848,905 13,590 13,590 22. Analy819 of Changes In n91 debt At 1 Nurf 2022 Cash flows 31 O¢t 2Q23 Cash at bank and in ha1 17,0201
Carmel Mlnlstrles International Company Limited by Guarantee Management Informatlon Year ended 31 October 2023 Tho followlng pages do not forni part of the flnanclal 8latomant& 31
Carmel Mlnlstries International Company Limited by Guarantee Deiailed Staiement of Financlal Actlvltles Year ended 31 October 2023 2023 2022 Income and endowments Donations and legacies Donations & legacies Gift aid reclaimed council grants 205.536 25.963 336,057 67,282 26,424 429,763 231,499 Charltsble actlvllles Activities & projects Bible college School Carmel Global Charitable misslons Ministry Sl Revdulion 6,826 14,650 112 1,300 13,054 9,719 18,545 64,206 69 386 938 Other tradlng octlvltlo8 Bookshop Coffee shop 15 761 778 Othor Income Gain on disposal of tsnoitle fixed assets held for charity's ovm use Other income 71 1,863 1,934 976 976 Toial Incomo 233,413 496,679
Carmel Mlnlstries International Company Llmlted by Guarantee Detalled Statement of Flnanclal Actlvlties (eonth Year ended 31 October 2023 2023 2022 Expenditure Costs of raislng donotions and18gados Direct costs 5,394 Costs of other tradlw acllvltl88 Shop purchases 1.105 1,527 Expendlture on charltable actlvltlg• Activities & events Ministry & outreach Youth costs Premlses ¢0gt$ Rèpairs & maintenance Equipment Communication & media Printing, posl & slalionery Insurancè & subscriplions Motor costs Travel costs Benevolence & glfts Trainlng & resources Professional fees Bank charges Sundry expenses Independent examlnalion Grant funding of activitles Wages Deprocialion 9,490 10,657 1,596 33,991 5.985 3,171 7.C()6 769 9,795 18,479 42,999 23,207 1,553 10,370 4,912 13,753 1181 1.392 24,256 2,312 7,505 1,993 10,975 2,700 71,099 276,331 1,863 526,245 6,294 4,413 3,526 12,217 13.478 1,035 6,768 5,520 110,8fy) 1,229 239,039 Total expenditure 245,538 527.772 Net expendrturn {12,1251 {31.0931 33
Carmel Mlnistries International Company Llmlted by Guarantee Notes io the Detalled Statement of Financlal Actlvftles Year ended 31 October 2023 2023 2022 Costs ol ralslng donatlons Direct costs 5,394 Cost8 of ralslng donatlons 5.394 Costs of other tradlng 8Ctlvllles- Shop costs Shop cos - purchases 1,105 1.527 Costs of other tradlng actlvltles 1.105 1,527 Expendlturo on charltsblo actlvlllo8 Actlvltles undertaken dlrnctty Activitiès & events Ministry & Outreach Youth costs Premises costs Repairs & malntenance Equipment Communicallon & medla Printing, po & stallonery Insurance & subscrlptlons Motor costs Travel costs 8enwolence & glfts Tralnlng & resources Professional fees Bank charges & interest Sundry expenses Independenl examinallon Grant funding ol actfvhes Stafl oosts Depreclatlon 9,490 10,657 1,596 33,991 5,985 3,171 7,006 4,563 6,294 4,413 3,526 12,217 789 9,795 18,479 42,999 23,207 1,553 10,370 4,912 13,753 (181 1,392 24,256 2,312 7,505 1,993 10.975 2,700 71,099 276,331 1,863 13,478 1,035 6,768 5,520 110,800 1,229 239.039 526,245 Expendllur• on charltable 8¢tlvltles 245,538 526,245 34