2021-12-31-accounts - Empowerment Ministries International

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

CHARITY NO: 1123377

EMPOWERMENT MINISTRIES INTERNATIONAL

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

EMPOWERMENT MINISTRIES INTERNATIONAL

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

Church Legal and Administrative Information Report of the trustees Statement of financial activities Balance Sheet Notes to the Accounts Independent examiner’s statement Schedule of income and expenditure	Page
	1 2-5 6 7 8-9 10 11

EMPOWERMENT MINISTRIES INTERNATIONAL

CHURCH LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2021

CHARITY NO NUMBER: 1123377 (England and Wales)

TRUSTEES: Pastor Ndu Echanah - Chairman Mrs Tina Festus Miss Bunmi Shoyinka Pastor Ayodeji Olusanmi (From 28[th] Mar 2021) Miss Charity Chilufya - (From 24[th] Mar 2021)

REGISTERED OFFICE:

BANKER:

39 Bryanston Road Tilbury Essex RM18 8DD Barclays Bank Plc Grays (Thurrock)

INDEPENDENT EXAMINERS

Ijeoma Uchendu. FCCA, Light Accountants Ltd 33 Postmill Road Sandwich Kent CT13 0FU

Email:info@lightaccountants.co.uk lightcnglobalservices@gmail.com Telephone: 01304729369 Mobile: 07429137985 Web: www. lightaccountants.co.uk

EMPOWERMENT MINISTRIES INTERNATIONAL REPORTS OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021

The Trustees present their report and accounts for the year ended 31 December 2021. The Trustees confirm that the Annual report and financial statements of the Charity comply with the current statutory requirements, the requirements of the Charity's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (as amended for accounting periods commencing from 1 January 2016)

STRUCTURE, GOVERNANCE AND MANAGEMENT

The management of the church is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.

Governing Document

The Church is an unincorporated charity, and her governing document consists of a charitable trust deed registered with the Charity Commission. The church was launched on 9th September 2007 and was registered with the Charity Commission March 2008

Appointment of trustees

Trustees are nominated by the chair. In appointing trustees, consideration is given to individuals who have adequate experience in running organized youth groups, training and education and community outreach.

Policies Adopted for the Induction and Training of Trustees

The induction process for any newly appointed member of the Trustees comprises an initial meeting with the Chair and other Trustees, followed by a series of short meetings with the chairman on the powers and responsibilities of the Trustees.

Organisational Structure and Decision Making

The church is organised so that the trustees meet monthly to manage its affairs. The Chairman manages the day-to-day administration of the church with the assistance of volunteered church members.

At monthly Trustee meetings, agreement is made by the Trustees on the strategy and activities of the charity which includes charitable donations, investments, reserves and risk management policies and performance. Pastor Ndubueze Echanah is the senior pastor and Chairman of the church’s board of trustee and the leadership team supports him in the vision of the church.

Risk Management

The Trustees have assessed the major risks to which the church is exposed, most especially, those relating to the operations and finances of the church and are satisfied that effective and adequate systems and procedures are in place to mitigate our exposure to the major risks.

EMPOWERMENT MINISTRIES INTERNATIONAL

REPORTS OF THE TRUSTEES (continued) FOR THE YEAR ENDED 31 DECEMBER 2021

Objectives and Activities

The main object of the charity is advancing the Christian faith worldwide in accordance with the doctrines set out in the statement of faith.

Strategies for Achieving Objectives

The following strategies were adopted by the church to achieve her objectives.

Promoting the gospel of Jesus Christ through conferences and weekly church services.
Organisation of monthly seminars in the church to guide members in the various aspects of the Christian faith.
Monthly workers training/seminar
Support various Christian events.

Activities for Achieving These Objectives

Conferences & Events
Various missionary activities
Community outreach events
Provision of welfare support to members
Organizing youth conferences and meetings
TV Broadcasting Programs

Public Benefits

The under-listed were the charity’s proposed activity for the year which was obstructed due to Covid-19 pandemic and Lockdown.

Singles Breakfast Seminar
Marriage Enrichment Seminar
Mother’s Day Celebration. An extraordinary colourful event to celebrate the role of mothers in the society and reaching out to the motherless within our locality.
Easter Fun fair. To celebrate the death and resurrection of our Lord Jesus as a significant of the liberty we have as Christians in a happy world.
Father’s Day. Another extraordinary event to celebrate the fathers among us and to encourage future fathers on the importance of a father in a home.
Monthly birthday celebration of members whereby people born of that month, collectively cut a birthday cake and are prayed for by the congregation.
Business Empowerment Conference.
Christmas Party

EMPOWERMENT MINISTRIES INTERNATIONAL

REPORTS OF THE TRUSTEES (continued) FOR THE YEAR ENDED 31 DECEMBER 2021

Achievements and Performance 2021

As a tradition of the church, the year started powerfully with a 21days Prayer & Fasting to set the tone for what God was set to do in 2021. The church focused of the year was “Divine Direction” to empower the church with the value of securing God’s direction and presence.

Emphases during the year are:

Helping members of the church stabilise during Covid (Spiritually and otherwise)
Supporting struggling families financially (for those who couldn’t work).
Providing solid teaching to give hope to members.
Consolidating on Running 2 Worship Services Online due to Covid-19 restrictions.

During the course of the year, the church had so many kingdom empowerment conferences and seminars as a means to build up the congregation and bless the community, one of the major conferences was Kingdom Wealth Creation Strategies which held for 12 consequential Sundays with different guest speakers on each Sunday. We also had a very impactful youth conference themed “Becoming the Extraordinary”, The guest speaker is a dynamic young professional- Asher Iduoze and our youths were inspired with the practical discussions.

The church also donated 20 Christmas Hampers to the children world of Newham Hospital in the month of December 2021.

The Vision of the church is Empowering Agents of transformation...Fulfilling Purpose, During the year, the church continued its vision of growing the churches membership, developing the member’s spiritual life through the Empowerment Academy School, which runs to help build members for effective living and community impact.

Financial review

Reserves Policy

It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure. This provides enough funds to cover any emergency expenditures that may arise from time to time. The charity will seek to maintain this level throughout the year. However, the Trustees regularly review the reserves position of the church in accordance with their commitments and anticipations.

Investment Policy

The trustees have decided that at present, funds should be retained in an interest-bearing account in Banks and Building Societies. The trustees will agree for any change to this policy.

EMPOWERMENT MINISTRIES INTERNATIONAL

REPORTS OF THE TRUSTEES (continued) FOR THE YEAR ENDED 31 DECEMBER 2021

Financial performance

Total incoming resources for the year amounted to £27,643 and total expended resources amounted to £20,660. The principal funding source for the charity is mainly through voluntary tithe, donations, and offerings by church members. The Charity’s total church funds as at date is £33,849. The balance of the accumulated surplus of unrestricted funds is held for further anticipated calls on the resources of the Charity.

Plans for future periods.

The church plan is to continue to sustain the church membership and increase activities in helping the needy and from time to time organize social activities for the youths in the local community.

The charity’s plan to purchase its own property is progressing.

Statement of Trustees’ Responsibilities

The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial statements the trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

SIGNED ON BEHALF OF BOARD BY:

Pastor Ndu Echanah Trustee Date: 22/08/2023

EMPOWERMENT MINISTRIES INTERNATIONAL

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

Restricted Funds Notes 2 - 3 - 4 0 0	Unrestricted Funds £ 27,643 27,643 20,660 - 20,660 6,983 - -	2021 2020 Total Total £ £ 27,643 28,622 27,643 28,622 20,660 14,551 - - 20,660 14,551 6,983 14,071 - - -

0
0	6,983	6,983 14,071

EMPOWERMENT MINISTRIES INTERNATIONAL BALANCE SHEET AS AT 31 DECEMBER 2021

2021 £ £ 1,730 32,119 32,119 - 32,119 33,849 27,829 6,020 33,849	2021 £ £ 1,730 32,119 32,119 - 32,119 33,849 27,829 6,020 33,849	2020 £ £ 2,321 32,118 32,118 - 32,118 34,439 28,419 6,020 34,439	2020 £ £ 2,321 32,118 32,118 - 32,118 34,439 28,419 6,020 34,439
32,119 -		32,118 -

			34,439
			28,419 6,020
	33,849		34,439

EMPOWERMENT MINISTRIES INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

1. Accounting policies

The accounting policies have been applied consistently throughout the year and the preceding year.

a. Basis of accounting

The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities' (SORP 2015) and the Charities Act 2011.

b. Incoming resources

Income resources have been clearly broken down to show the various sources of funds for the charity. The unrestricted income consists of funds the charity has discretionary control as regards its disbursement. Please note that all incoming resources are only accounted for in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy.

Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when it is receivable while donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.

Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold.

c. Resources expended.

Resources expended shows the governance cost and money spent on charitable activities. Expenditure is recognised on accrual basis as a liability is incurred. Expenditure could be VAT inclusive if it cannot be fully recovered, and it is reported as part of the expenditure to which it relates.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

2. a Voluntary income

Cost of Charitable Activities Church Offering and Tithe Gift Aid Empowerment Min.			Unrestricted Funds £ 27,643 -
			27,643

3. Cost of Charitable Activities

EMPOWERMENT MINISTRIES INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS (Continues) FOR THE YEAR ENDED 31 DECEMBER 2021

4. Tangible Fixed Assets

Equipments

£

Cost

Tangible Fixed Assets Cost	Equipments £
At 1 January 2021	3,942.45
Addition	0.00
As at 31 December 2021	3,942.45

Depreciation @15%

Depreciation @15%
At 1 January 2021 Charge for the year NET BOOK VALUE As at 31 December 2021 As at 31 December 2020	1,621.34 591.37
	2,212.71

	1,729.74

	2,321.11

EMPOWERMENT MINISTRIES INTERNATIONAL

INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 Respective responsibilities The charity's trustees are responsible for the preparation of the accounts. The of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

examine the accounts under section 145 of the Charities Act,
to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
to state whether particular matters have come to my attention.

Independent examiner's statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

In connection with my examination, no matter has come to my attention

which gives me reasonable cause to believe that in, any material respect, the requirements:
to keep accounting records in accordance with section 130 of the Charities Act; and
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Independent examiner

Light Accountants Ltd 22/08/2023

EMPOWERMENT MINISTRIES INTERNATIONAL SCHEDULE OF INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 DECEMBER 2021

£ 3,721	£ 3,721	£ 27,643 -
		27,643
2,896 856 585 1,170 9,186 1,300 591 74 77 204
- - -	16,939 -
		20,660
		20,660

	-

		6,983