2024-10-31-accounts

COMPANY REGISTRATION NUMBER: 04478212 CHARITY REGISTRATION NUMBER: 1094052 Carmel Ministries International Company Limited by Guarantee Unaudited Financial Statements 31 October 2024

Carmel Ministries International Company Limited by Guarantee Financial Statements Year ended 31 October 2024 Page Trustees, annual report (incorporating the director's report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Statement of cash flows 10 12 13 14 Notes to the financial statements 15

Carmel Ministries International Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 October 2024 The trustees, who are also the directors for the purposes of company law. present their report and the unaudited financial statements of the charity for the year ended 31 October 2024 Reference and administrative details R8gistore(I charity name Charity registration number Company registration number Prlnclpal office and reglstered 817a Bath Road office Brislington Bristol Carmel Ministries International 1094052 04478212 Avon BS4 5NL England Tha trustees Mr Sean Leask Miss G8rardina Meyers Miss Lorena Muchenje Mr Igors Sidorisins Mr Graham Keelan Mrs Corah McKenna (Resigned 3 December 2023) (Appointed 3 D8C8mber 2023) Company secretary Independent examiner Michelle Leask Nigel Flees Accountants247 Limited Room 5172 Block 5 Runcorn Cheshire WA7 4QA

Structure, governance and management Nature of goveming document The organisation is a charitable company limited by guarantee, incorporated on 5 July 2002 and registered as a Charity on 4 October 2002. A review of the Articles has been undertaken to ensure they are in line with current legal and best practices and was adopted by Special Resolution on the 27 October 2016. Recrultment and appolntment of Trustees The directors of the company are also the Trustees for the purposes of Charity Law. Under the requirements of th Memorandum and Articles of Association, the Trustees are not subject to retirement by rotation. Unless otherwise determined by the Charity in a general meeting, the lem of office of a trustee shall continue until helshe retires or is removed in accordance with the relevant provisions of the Articles. In the event of the appointment of a new Trustee, a full induction and training program will be éeveloped in line with the prevailing best practices as set out at the time by the Charity Commission. Organisational structure The Trustees provide strategic and visionary leadership to the organisation. Within the guidelines laid down by the Trustees, daily operational decisions are made under the direction of the Chief Executive Officer. Carmel Chrislian Centre is managed by the CEO who is responsible for the strategic and operational management and reports directly to the Chair of Trustees. Day to day accounlability for Ihe provision of the services rest with the Chief Executive along with the Company Secretary. The Chief Executive is responsible for ensuring that the Charity delivers the services specified and that key performance indicators are met. The charity has outsourced our Human Resources lo ensure that we continue to develop the skills and working practices in line with government legislation and good practice. We have also outsourced our financial and payroll processing to Accountants247 Limited. Risk m8nagÉment. All financial transactions are processed via a rlgorous system that ensures that all transactlons are 8Uthorised by a senior member of staff. All members of staff completed Heallh and Safety and safeguarding training to ensure Ihal our systems and procedures are up to date and comply with all relevant legislation and mitigale harm lo people in the building as far as possible. Levels of risk are monitored by members of the Executive managemenl team, and reported on, and dealt with as appropriate. Our risks include.. Fire at the building. This is mitigated by ensuring that our electrical installation is in a safe condition, that our portable appliances are regularly tested and confirmed safe. A remotely monitored fire and Smoke alarrn ensures th81 the Avon Fire and Rescue crews are called to the building in the event of an alarm. All firefighting equipment is maintained by a specialist firm through annual inspection. Theft and criminal damage. This is mitigated by installing a dual PIR sensor alarm system throughout the building. This is regularly maintained by a specialist alsrm firm and is monitored by a remote alarm centre. The system includes an auto dialer thal connects lo the local Police Force in the event of an activation whilsl the building is closed. Whilst the building is opcn, all acccos doors arc protectod by 6wipo card accoss points so that casual visitors cannot access Iho building without the appropriate equipment.

Reputational damage and risk of closure. Inability of Dur key personnel to be able to deliver public speaking engagements thereby affecting our voluntary income on a Sunday. This risk is mitigated by developing strength in depth of those that can deliver public speaking engagements should the designated speaker not be available. We maintain a Social Media policy to ensure our media exposure is maintained to a high standard. As regards data loss. our IT systems have been built to ensure a robust backup of business-critical data, and we are exploring the extension of that to include cloud-based backups as an additional layer of backup. Local clvll unrest. This is mitigated by the installation of a secondary alarm in Ihe building. It is used when the building needs to be locked down, and alert users not lo leave the building. Safeguarding policy ensures compliance with legislation and local authority requirements. Outside scrutiny Carmel Ministries Intemational is scrutinised by several outside public bodies. As a Charitable Company we are regulated by both Companies House (Company registered number 44782121 and the Charity Commission {Charity regislered number 1094052 ). The building is regislered as required by the Places of Worship Registration Act 1855. The building is registered for the purposes of marriage under the Marriage Act 1949, Section 41. Whistleblowing policy Employees may, in carrying out their responsibilities, have access to, or encounter, information of a confidentl81 nature. The terms and conditions provide that except in the proper performance of their duties, employees are fort)idden from disclosing, or making use of in any form whatsoever, such confidential infomiation. However, Ihe law allows employees to make a 'protected disclosure of certain information. To be "protected" a disclosure must relate to a specific subject mattor (listed below) and the disclosure must be made in an appropriate way. If in Ihe course of employment. an employee becomes aware of information whiGh they reasonably believe tends to show one or more of the following, they must use the Company's disclosure procedure set out below.. a) That a criminal offence has been committed, is being committed, or is likely to be committed. bl That 2 person has failed, is failing, or is likely tc* fail to Gomply with any legal obligation to which helshe is subject. G) That a misGarriage of justice has occurred, is occurring, or is likely to occur. dl That health or safety of any individual has been, is being, or 18 likely to be endangered. e) That the environment has been, is being, or is likely to be damaged. f> That information tending to show any of the above has been, is being, or is lik&ly to be deliberately concealed. Disclosure procedure Information which an employee r8asonably believes to show one or more of the above should promptly be disclosed to their managerlsupervisor so that any appropriate action can be taken. If it is inappropriate to make such a disclosure to the managerl supervisor, the employee should speak to Flev. Sean Leask. Employees will suffer no detriment of any sort for making such a disclosure in accordance with this procedure. However. failure to follow this procedure may result in the disclosure of information losing its 'protected status" For further guidance in relation to this matter or concerning the use of the disclosure procedure generally, employees should speak in confidence to Rev. Sean Leask.

Objectives and activities Objects and aims. The objects of the Charity are.. Advance the Christian Faith in accordance with the Statement of Beliefs in such parts of the United Kingdom and the world as the Trustees may from time to time think fit. Other such purposes which are exclusively charitable according ID the law of England and Wales and relale to Ihe charitable work of the Charity. Publlc benefit The Trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have du regard to the public benefit guidance published by the Charity Commission for England and Wales. In line with Charity Commission guidelines the Trustees continually review the Charity's fulfillment of public benefit. As outlined above the Charity's Aims are to: 1. Prornote religion through the promotion of the Christian Faith., and to 2. Undertake such purposes which are exclusively charitable as defined within the law of England and Wales. The primary purpose of the Charity is to promote the Christian Faith. To support this aim, the Charity provides a building as a place of worship which the public is free to attend. Access is continually reviewed in the light of relevant disability legislation to ensure public worship seNices are as fully accessible as possible. The building has clear external signs and has invested in large road front signage Ihat promotes visibility. The Charity maintains a website that provides full details of the servi￿$ provided, including the open public worship services, and ensure as far as is possible that internet search engines return that website address on the first page of results. Following the Charity Commlssion's guldance, the Trustees belleve that this provlslon satisfies the test for public beneflt. Notwithstanding that, the Trustees ensure that the following services are provided that further promote aim number 1- the promotion of religion. Conducting Christian instruction for childron during open worship services. Conducting religious ceremonies such as weddings and funerals. Providing forums where enquirers can investigate the Christian Faith without obligation. specifically.. Through street teams. Through the provision of f￿d on the street to the homeless. Through UK based and international mission activities. Wnting, producing and promoling Christian books. Teaching a course introducins new converts to Ihe basics of the Christian Faith. Visiting the sick in hospitals. Continuing within these aims, during the past year the Charity fuifils the 'other such purposes, charitable function as set out below. 1.1. The prevention or relief of poverty 1.2. The advancement of the arts 2.5 The relief of those in need, by reason of youth, 8ge, ill-health, disability, financial hardship, or those that are disadvantaged. In fulfillment of aim 2, Ihe Trustees note the followingactivities Ihat fulfil Public Benefit. 2.6 Provide debt management advice. Run a Money Management course. 2.7 Making free Gourses available Govering pre-marriage counselling. Marriage counselling., Divorce counselling and Bereavement counselling. Teaching a course of the b8slcs of the Christian Faith in local prisons. 2.3. Provlde at cost prlce the basics course to other churches. Stream Chrislian material via the internet 2.8 Convening times of Christian worship in four Iccal prisons. Assisting in the Chaplaincy duties at local prisons. 2.9 Writing, producing and presenting public perfomiances of plays and mLJsicals written by members of the Charity. Encouraging prayer, praise and study. 2.10 Empower cr8ative designers with freelance and internship work, to enable them to improve their employability pot8nlial. Future plan5 to fulfil the Public Benefit requirement are.. 1. Grow our services in the community. 2. Greater joint working initiatives with other charities and churches

Objectives, strategies and activities The main objectives and activities for the year continued to be focused on the promotion of the Christian faith, education, improvement of life skills and family values, childcare and alleviation of poverly. The strategies employed lo assist Ihe Charity to meet these objectives included the following:. Providing a range of seNices within the community which are reflective of relevant quality standards and addressing the potential and ongoing challenges. Feeding and clothing the homeless and deprived as well as the relief of poverty in our local community. Providing educational support and services to Ihe community. Education and care of children and youth.- Engaging with the Prison Chaplaincy Service to provide spiritual SUPPDrt and guidance lo four local prisons. Mi55ions and servi￿$ worldwide. Internet streaming of church services. Build relationships with other Christian Ministries around the world.- Provide work experience to help people 'get back to work, orjoin a new workforTr.- Host conferences to further the Christian Faith. Continuation of the vision to find ways and means of reaching out to the community, being proactive in assessing and strategizing the right approach to the needs of people we contact or who contact us. Our Mlsslon Is clear. Carmel's mission statement is Luke 9..2 'He sent them to preach the Kingdom of God and to heal the sick. which was given lo us in 1994 and has become focal point of all we do and helps us navigate God's unfolding plan for Carmel. To achieve this God gave us a 4- phase strategy- Which is to cover our city, bless our neighbours, send lo the nation, and touch the world, this allows us to multiply globally establishing the vision of God. The concept of one Church, many locations is the Blueprint of the Mission, Strategy and Process that the vision of Carmel follows. Following this blueprint has seen the work flourish. Vision All vision comes from God and with this He gives a strategy for its fulfillmenl. God had a vision of man when he created the heavens and the earthl He had a vision of redemption when man fell, He had a vision for the church when Jesus Christ returned to heaven, and He has a vision for His bride for when He relurns. Vision is a practical and purposeful necessity for believers in today's world, It is our responsibility to draw near to God to find out just what it is. Carmel's vision is rootéd in four basic instructions which align us with the book of Acts 2-42 IMEV) They continued steadfastly in Ihe apostles, teaching and fellowship, in the breaking of bread and in the prayers. Vision Values We all have an important role to play in seeing the vision established in preparation for the return of Christ, we have been ploughing and planting for over 20 years with many ministries being birthed and many finding their place in the global famlly of God. It is time for the great harvest of souls and God has glven us thls window of opportunlty.

Achievements and perfomiance In November 2023, we had a compliance interview with the Charity Commission regarding areas of regulalory concern that were raised in November 2022. Based on the changes made by the current Trustees, as well as 2dhereanee to regulatory advice, the Commission was satisfied with Ihe progress made and the case was closed. The vision for 2024 was the year of the Open Door, for us, this meant a focus on the church as a door of spiritual usefulness. Firstly, as a place of rest, relaxation and recuperation. This is not only a choice but for some a necessity as those that come into the Kingdom usually do so with a need for significant healing. Secondly, Ihe church as a place of improvement and betterment. This notion was approached from the perspective of building what is necessary for others to enjoy the 'Rest' option. It is the creation of a framework for those that need restoration, rest, healing. We understood that the 'builder' in this context might need to consecrate themselves in a number of areas so as to effectively produce what was necessary. Firstly, a concertation to the things of the Holy Spirit, secondly, a consecration to the Word of God and finally, a consecration to the Lov8 of God. As a church we looked ai growing our capacity in three key areas.. Spiritual growth and Missionality a5 an extension of discipleship. Relational, physical and emotional healing. Further developing our structure, specifically as it pertains to our leadershlp teams as well as relnforclng the church structures as an expresslon of the foundatlonal vlslon of the church. The vision for 2024 was largely a success with significant positive movement measured in every area that we set ourselves. Conferences: In April of this year we held a ladies conference called Royal which was attended by about 110 ladies from within church and the wider community. Ps Yvonne Brooks frorn New Jerusalem Church in Birmingham was the guest speaker, A men's conference was held in June and the guest speaker was Aposlle David McDonald. We also held an Encounter weekend with Dr Guy Peh to encourage the believers in our communily to deepen thelr relationship with God. Community Outreach: We continued to be involved in the feeding the homeless and reaching out to the needy in our community. We also continued with our visits to Eastwood Park prison and the men's prison in Pucklechurch. At Christmas time we sent 400 gifts to the Eastwood Park prison. We prepared 650 Hampers for those in the community that ne8ded h81p. Community Development: During this year we introduced a weekly church bible study as well as separate bible study sesslons for both men and women. The youth had a youth day In for young people aged between 12 and 25. We also had community movie nighls and a Chrislrnas evenl. Marion Meyers, Lucy Edwards and Maithew Cullis were other guest speakers invited to minister to the church this year. Every year we build on the platform of the previous year, it is not a change of focus but rather an unfolding revelation of God's building plan. It is never comfortable and requires us to grow in ourselves that will release the potential that may be lying dormant in us, it slso presents us with the opportunity to learn and employ our gifting to the Glory of God.

Financial review The principal funding sources of the Charity are by way of donations given mainly by the congregation in the fomi of lithes and offerings. These are free will gifts given without expectation of favour, reciprocal gift, or use of services. Gifts in kind are valued at their estimated value to the Charity. If a donor specifies that a donation is to be used for a specified purpose, the amount will be treated as restricted funds. Qualifying expenditure is set against the restricted funds. Designated funds are unrestricted funds that the Trustees have designated for a specific purpose. Income generated from designated funds is treated as general income. General funds are neither designated nor restricted. Qverall income for the year was £285,569 {2023'. £233,413), and tolal expenses. £325,164 12023: £245,536). The Trustees are aware of these expenses and formally approved them at the Trustees meetings as they are presented. Reserves policy Carmel Ministries International general fund is an unrestricted income fund and therefore requires a reserve policy. Whilsl the policy remains to maintain reserves, the Truslees are very aware of Ihe general legal duty to apply charitable funds within a reasonable time of receiving them and have actively encouraged delegaled staff to utilise funds on charitable purposes within their charitable obieclives and in a manner that as far as possible meets donor's wishes. It is noted that several donors may specify that their funding is intended to provide funding for a specified project. Where this is specifically restricted, the project funding will be ring fenced into a Restricted fund and will not fom part of this reseNe policy. The Trustees have conducted a thorough review of the major risks that would prevent the Charity carrying out its normal weekly operation (see above) and are satisfied that sufficient steps have been taken to mitigate those risks sufficiently to ensure continued operation. The Trustees are confident that in the event of a catastrophic event that affects Ihe builéing that they could call on the church members to continue to support the Charity through voluntary donations direct into the various bank accounts until such time as the building is brought back into operation. The Trustees note that the current Free Reserves stand at £11,926 and are satisfied that future, together with improvements lo income due after the Balance Sheet date on The Charily as Going Concern, will bring the Fr8e Reserves in line with this policy. Going forward the Trustees will regularly review this Policy with the intention that Free Reserves will be held 8t a level commensurate with three months fixed costs for the Charity. Going concern The Trustees have reviewed the current environment in which the Charity operates and are satisfied that there are strong reasons to believe that the Charity will be a going concern into the future. There have been no issues thal have arisen since the Balance Sheet date that would require the Trustees to liquidate the Charity or to cease its activities. The numbers of individuals attending the Church is steady, and with it the voluntary income that arises from Ihat constituency. The Bible Institute is is going well with a new cohort of part time students that has improved the fee income from the Institute. The Trustees also note that the debt outstanding on the mortgage charge over the main building has been satisfied. This has led to a total reduction on the amount of interest charged by said lender, thus removing the pressure on expenditure. Cash position has improved significantly, however remains an ongoing challenge within the ministry and 211 operalions are managed in accordance with the weekly cash flow reporting structur8. Plans for future periods Plans for fulure perlods. To ensure that the Charily discharges its responsibilities to the Charily Comtnissiori. the Truslees will invesligate the legal avenues that can be used to ensure that any trading activities of the Charity do not breach Charity requiremenls. To ensure the continued comfort and wellbeing of the congregants on the weekend, as well as the workload of the teams involved on a weekend, Ihe Trustees will continue to investigale the options for optimising the main auditorium capacity. We will investigate working in partnership with organisations in the UK and overseas to deliver support to those in greatést need within society.

Small company provisions This report has been prepared in accordance with Ihe provisions applicable to companies entitled to the small companies exemption. The trustees. annual report was approved on 29 May 2025 and signed on behalf of the board of trustees by: Miss Gerardina Meyers Michelle Leask Trustee Charity Secretary

Carmel Ministries International Company Limited by Guarantee Independent Examiner's Report to the Trustees of Carmel Ministries International Year ended 31 October 2024 I report to the trustees on my examination of the financial statements of Carrnel Ministries International ('the charity'l for the year ended 31 October 2024. Responsibilities and basis of report As the trustees of the company land also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that Ihe accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's accounts as carried out under section 145 of the Charities Act 2011 I'the 2011 Act.). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5}{b) of the 2011 Act. Independent examinerfs statement Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm thal l am qualified to undertake Ihe examination because l am a member of the Chartered Institute of Management Accountants, which is one of the listed bodies. I have completed my examination. I confirm that no malters have come to my attention in connection with the examination giving me cause to believe.. 1. accounting records were not kept in respect of Ihe charity as required by section 386 of the 2006 Act,. or 2. the financial statements do not accord with those records,. or 3. the financial ststements do not comply with the accounling requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an Independent ex8mlnation; or 4. the financial statements have nol been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their aGcountS in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102).

I have no CDncerns 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. Nigel Rees Acwuntants247 Limited Independent Examiner Room 5172 Block 5 Runcorn Cheshire WA7 4QA 29 May 2025

Carmel Ministries International Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 October 2024 2024 2023 Unrestricted funds Restricted funds Total funds Total funds Noto Income and endowments Donations and legacies Charitable activities 273,174 2,377 3,209 4,749 2,060 275.234 2,377 3,209 4,749 231.885 552 Investment income Other income 976 Total Income 283,509 2,060 285,569 233,413 Expendlture Expendlture on ralslng funds.. Costs of raising donations and legacies Costs of other trading activities Expenditure on charitable activities 3,966 1,373 314.107 3.966 1,373 319.824 5,394 1,105 239,037 10 11,12 5.717 Total èxpèndlture 319,446 5,717 325,163 245,536 Net expendlture and net movement In fund8 (35,937) (3.657) (39,594) (12,123) Re¢on¢iliation of funds Total funds brought fomard 829,143 7,639 836,782 848,905 Total funds carried forward 793,206 3,982 797,188 836,782 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

Carmel Ministries International Company Limited by Guarantee Statement of Financial Position 31 October 2024 2024 2023 Note Fixed assets Tangible fixed assets Current assets Deblors 17 782,190 768.209 18 2.989 28,499 12.152 66,840 Cash at bank and in hand 31,488 16,490 78.992 10.419 Creditors: amounts falling due within one year 19 Net currenl assets 14.998 68.573 Total assets less current Ilabllltles 797,188 836,782 Net assets 797,188 836,782 Funds of the charlty Restricted funds Unrestricted funds 3.982 793,206 7.639 829,143 Total charity funds 21 797,188 836,782 For the year ending 31 October 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities: The members have not required the company to oblain an audit of its financial staternents for the year in question In accordance wlth sectlon 476 The directors acknowledge their responsibilities for complying with Ihe requiremenls of the Act with r8specl to accounting records and the preparation of financial statements These financial stalemenls have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. These financial stalements were approved by the board of trustees and authoiised for issue on 29 May 2025 , and are signed on behalf of the board by.. Miss Gerardina Meyers Trustee

Carmel Ministries International Company Limited by Guarantee Statement of Cash Flows Year ended 31 October 2024 2024 2023 Cash flows from operating activities Net expenditure Adjustments for.. Depreciation of tangible fi'xed assets Other interest receivable and similar income (39,594) (12,123) 5,493 (3,209) (2,501) 1,228 Accrued lincome)lexpenses Changes in.. Trade and other debtors Trade and other creditors 3.300 9.164 8,571 575 Cash generaled from operations Interest received (22,076) 3,209 (7,020) Net Gash used in operating activities (18,867) (7,020) Cash flows from Investlng actlvllles Purchase of tangible assets (19,474) Net cash used in investing activities (19,474) Net decrease In cash and cash oqulvalents Cash and cash equivalents at beginning of year (38,341) 66,840 (7,020) 73,860 Cash and cash equlvalents at end of year 28,499 66,840

Carmel Ministries International Company Limited by Guarantee Notes to the Financial Statements Year ended 31 October 2024 1. General information The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 817a Balh Road, Brislington, Bristol. Avon, BS4 5NL, England. 2. Statement of compliance These financial stalements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republlc of Ireland., the Stslement of Recommended Practice applicable to charllles preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 (Charities SORP (FRS 102)) and the Companies Act 2006. 3. Accounting policies Basis of preparation Th& financial statements have been prepared on th8 historical cost basis, as modified by the r8valuation of certain financial assets and liabilitie5 and investment propertie5 measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern There are no material uncerlainties about the charity's ability to continue. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds Sre unrestricted funds earmarked by the trustees for parlicular future project or commitment. Restricted fiJnds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes.. restricted income funds or endowment funds.

Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income= income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt Is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the dolivery of the corbtracted service. This is classified as unrestricted funds unless there is a contractual requirement for il lo be spent on a parlicular purpose and relurned if unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable airns for the benefil of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifi£ble and consistent basis. Operating leaseg Léasè paymènts are rècognised 8s an 8xpènsé over the leasè term on a straight-line basis. Thè aggreg8te bènefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis. Tangible assets Tangible assets are initially recorded at Gosl, and subsequently ststed at GOSI less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluatlon less any subsequent accumulated depreciatlon and subsequent accumulated imp8irmenl losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within Ihe statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which il offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value. over the useful economic life of thal asset as follows: Fixtures and fittings Equipment Impairment of fixed assets A review for indicator5 of impairment is carried out at each reporling date, with the recoverable amount being estimated where such indicators exist. Where the (2rrying value exceeds the recov?rable amount, the asset is impaired accordingly. Prior impairrnents are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unil is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition d2te, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabililies of the charily are assigned to those units Financial instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount re￿1vable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be pald or received and not discounted. Debt Instruments are subsequently measured at amortised Gosl. Where investments in shares are publiGly traded or their fair value can otherwise be measured reliably, Ihe investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terrns or fi'nanced at a rale of interest that is not a market rat8, in which case the asset is measured at the present value of the future payments discounted at a market rale of interest for a similar debt instrument. Other flnancial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. 25 % reducing balance 25 % reducing balance

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for irnpairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amounl of the financial asset thal exceeds what the carrying amount would have been had the impairment not previously been recognised. Defined contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are reco9nised as an asset to the extenl that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 monlhs of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which It arlses. 4. Limited by guarantee The Charity is limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the Trustees is liable to contribute an amount not exceeding £10 towards the assets of the Charity in the event of liquidation. 5. Donations and legacies Unrestricted Funds Restricted Total Funds Funds 2024 Donations Donations & legacies Glft 8id reclalmed 232,127 41,047 2.060 234,187 41,047 273,174 2,060 275.234 Unrestricted Funds Restricted Funds Total Funds 2023 Donations Donations & legacies Gift aid reclaimed 205,371 25,963 551 205,922 25,963 231,334 551 231,885

1. Charitable activities Unrestricted Total Funds Funds 2024 Unrestricted Funds Total Funds 2023 Activities & projects Bible college Ministry Building fund 483 483 69 69 186 2,191 186 2,191 2,377 2,377 552 552
2. Investment Income Unrestricted Total Funds Funds 2024 Unrestricted Funds Total Funds 2023 Bank interest receivable 3,209 3,209
3. Other income Unrestricted Total Funds Funds 2024 Unrestricted Funds Total Funds 2023 Other income 4,749 4,749 976 976
4. Costs of raising donations and legacies Unrestricted Total Funds Funds 2024 Unrestricted Funds Total Funds 2023 Costs of raising donations and legacies - Legacles 3,966 3,966 5,394 5,394
5. Costs of other trading activities Unrestricted Total Funds Funds 2024 Unrestricted Funds Total Funds 2023 Costs of other Irading activities - Shop costs 1,373 1,373 1,105 1,105

6. Expendlturè on charltablè actlvltles by fund type Unrestricted Funds Restricted Total Funds Funds 2024 Expenditure on charitable activities 314,107 5.717 319.824 Unrestrictgd Funds Restrictgd Funds Total Funds 2023 Expenditure on charitable activities 232,535 6,502 239.037

7. Expenditure on charitable activities by activity type Activities undertaken directly Total funds 2024 Total fund 2023 Expenditure on charitable activities 319,824 319,824 239.037

8. Net expenditure Net expenditure is slated after chargingl(crediting)- 2024 2023 Depreciation of tangible fixed assets Operating lease rentals 5,493 14,144 1,228 7,006
9. Independent examination fees 2024 2023 Fees payable to the independent examiner for.. Independent examination of the financial statements 2,700 2.700
10. Staff Costs 2024 2023 Wages & Salaries Employer p8nsion conlributions Employer national insurance 103,457 4,749 4,312 100,271 3,520 7,009 112.518 110,800 The average head count of employees during the year was 4 (2023: 3). No employee received employee benefits of more than £60,000 during the year (2023: Nil)

11. Trustee remuneratlon and èxpenses Remuneration including pensions w8r8 paid to Rev. Sean Laask and to Mrs Michelle Leask . Further paymants to Trustees to support the activities of the Minislry for £551.65 were made to Mrs Gerardina Meyers, for travel costs and £200 to Mr. Igor Sidorisins for IT advice. No other material transaction took plats between the Charity and the Trustees, or any person connected with them.

12. Tangible fixed assets Freehold property Fixtures and fittings Equipment Total Cost At 1 November 2023 Addilions 765,717 147,395 13,017 913,112 19,474 6,457 At 31 October 2024 765,717 160,412 6,457 932,586 Daprg¢iation At 1 November 2023 144,903 3,877 144,903 5,493 Charge for the year 1,616 At 31 October 2024 148,780 1,616 150,396 Carrylng amount At 31 October 2024 765,717 11,632 4,841 782,190 At 31 October 2023 765,717 2,492 768,209

13. Debtors 2024 2023 Trade debtors Prepayments and accrued income 1,777 10,375 2,989 2,989 12,152
14. Creditors: amounts falling due within one year 2024 2023 Accruals and deferred income 3,500 4,640 833 7,517 6,000 3,045 615 759 Social securlty and olher taxes Other creditors - desc in alcs Other creditors 16,490 10,419
15. Pensions and other post retirement benefits Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £4,749 (2023.. £4,544).
16. Analysls of charitable funds Unrestricted funds Al 1 November 2023 At 31 October 2024 Income Expenditure General funds 829,143 283,509 (319,446) 793,206 At 1 November 2022 At 31 October 2023 Income Expenditure General funds 835.315 232,862 {239.034} 829,143

Restricted funds At 1 November 2023 At 31 October 2024 Income Expenditure Carmel Global Fund Christmas Hamper Fund 480 (4801 {5.237) 7,159 2,060 3,982 7,639 2,060 (5,7171 3,982 At 1 November 2022 At 31 October 2023 Income Expenditure Carm81 Global Fund Christmas Hamper Fund 480 13.110 480 7,159 551 {6.502} 13.590 551 (6,502) 7,639 22. Analysis of net assets between funds Unreslricted Funds Restricted Funds Tolal Funds 2024 Tangible fixed assets Currenl assets Creditors less than 1 year 782,190 31,488 (12,9901 782,190 31,488 (16,490) (3,500) Net assets 800,688 13,500) 797,188 Unrestrict8d Funds Restricted Funds Total Funds 2023 Tangible fixed assets Current assets 768.209 65,353 14,419) 768,209 78,992 (10,419) 13,639 {6,000} Creditors less than 1 year Net assets 829,143 7,639 836,782 23. Analysis of changes in net debt At 31 Oct 2024 At 1 Nov 2023 Cash flows Cash at bank and in hand 66,840 (38,341) 28.499

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