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← Empowerment Ministries International

2023-12-31-accounts

CHARITY NO: 1123377

EMPOWERMENT MINISTRIES INTERNATIONAL

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

EMPOWERMENT MINISTRIES INTERNATIONAL CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

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
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EMPOWERMENT MINISTRIES INTERNATIONAL

CHURCH LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2022

CHARITY NO NUMBER:

1123377 (England and Wales)

TRUSTEES: Pastor Ndu Echanah - Chairman Mrs Tina Festus Miss Bunmi Shoyinka Pastor Ayodeji Olusanmi Miss Charity Chilufya

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

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EMPOWERMENT MINISTRIES INTERNATIONAL REPORTS OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

The Trustees present their report and accounts for the year ended 31 December 2023. 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.

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EMPOWERMENT MINISTRIES INTERNATIONAL

REPORTS OF THE TRUSTEES (continued) FOR THE YEAR ENDED 31 DECEMBER 2023

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.

  1. Promoting the gospel of Jesus Christ through conferences and weekly church services.

  2. Organisation of monthly seminars in the church to guide members in the various aspects of the Christian faith.

  3. Monthly workers training/seminar

  4. Support various Christian events.

Activities for Achieving These Objectives

  1. Conferences & Events

  2. Various missionary activities

  3. Community outreach events

  4. Provision of welfare support to members

  5. Organizing youth conferences and meetings

  6. TV Broadcasting Programs

Public Benefits

The under-listed were the charity’s proposed activity for the year.

  1. Singles Breakfast Seminar

  2. Marriage Enrichment Seminar

  3. 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.

  4. 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.

  5. 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.

  6. Monthly birthday celebration of members whereby people born of that month, collectively cut a birthday cake, and are prayed for by the congregation.

  7. Business Empowerment Conference.

  8. Christmas Party

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EMPOWERMENT MINISTRIES INTERNATIONAL

REPORTS OF THE TRUSTEES (continued) FOR THE YEAR ENDED 31 DECEMBER 2023

Achievements and Performance 2022

As a tradition, the activity for the year started off with powerfully with a 21days Prayer & Fasting to set the tone for what God was set to do in 2023. The church themed 2023 as THE YEAR NO MORE LIMITS.

Church Activities Throughout the Year:

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 when needed.

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EMPOWERMENT MINISTRIES INTERNATIONAL

REPORTS OF THE TRUSTEES (continued) FOR THE YEAR ENDED 31 DECEMBER 2023

Financial performance

For the year ended 31 December 2023, the church’s total incoming resources is £35,523. The charity continued to be funded through voluntary tithes, donations, offerings and gift aids by church members. The Charity’s total church fund as of date is £25,877. 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:

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: 30/10/2024

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EMPOWERMENT MINISTRIES INTERNATIONAL

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

Incoming resources from generating funds:
Voluntary Income
Total incoming resources
Resources Expended
Payments in Furtherance of charitable objectives
Charitable activities
Governance costs
Total resources expended
Net incoming resources/(net outgoing resources)
before transfers between funds
Transfer between funds
Other recognise gains and losses
Net movement in funds		 Notes
2
3
4		 Notes
2
3
4		 Restricted
Funds
-		 Restricted
Funds
-		 Unrestricted
Funds
£
35,523
35,523
49,897
-

49,897

(14,373.6)
-
-		 2023
2022
Total
Total
£
£
35,523
48,046
35,523
48,046
49,897
41,643
-
-
49,897
41,643
(14,373.6)
6,403
-
-
-
-
0
0 (14,373.6) (14,373.6)
6,403

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EMPOWERMENT MINISTRIES INTERNATIONAL

BALANCE SHEET AS AT 31 DECEMBER 2023

FIXED ASSETS
Tangible assets
CURRENT ASSETS
Cash at Bank and Hand
Debtors
Creditors:amount falling
due within one year
Net current assets
Net assets
FUNDS OF THE CHURCH
Unrestricted income funds
Restricted funds
TOTAL FUNDS		 Notes 2023
£
£
547

25,330
25,330
-
25,330
25,877
19,857
6,020
25,877		 2023
£
£
547

25,330
25,330
-
25,330
25,877
19,857
6,020
25,877		 2022
£
£
1,138
39,704
39,704
-
39,704

40,842
34,822
6,020
40,842		 2022
£
£
1,138
39,704
39,704
-
39,704

40,842
34,822
6,020
40,842
25,330
25,330
-		 39,704
-
40,842
34,822
6,020
25,877 40,842

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EMPOWERMENT MINISTRIES INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

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

Voluntary income
Church Offering and Tithe
Gift Aid		 Unrestricted
2023
2022
Funds
Total
Total
£
£
£
35,523
35,523
29,754
-
18,292
35,523
35,523
48,046

3. Cost of Charitable Activities

Empowerment Min. Activities
Undertaken
2023
2022
directly
Total
Total
£
£
£
49,897
49,897
41,643
49,897
49,897
41,643		 2022
Total

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EMPOWERMENT MINISTRIES INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS (Continues) FOR THE YEAR ENDED 31 DECEMBER 2023

4.

Tangible Fixed Assets Equipments

£

Tangible Fixed Assets Equipments
£
Cost
At 1 January 2023 3,942.45
Addition 0.00
As at 31 December 2023 3,942.45

----- Start of picture text -----
Depreciation @15%
At 1 January 2023 2,804.08
Charge for the year 591.37
3,395.44
NET BOOK VALUE
As at 31 December 2023 547.01
As at 31 December 2022 1,138.38
----- End of picture text -----

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EMPOWERMENT MINISTRIES INTERNATIONAL

INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

Respective responsibilities 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:

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

  1. which gives me reasonable cause to believe that in, any material respect, the requirements:

  2. to keep accounting records in accordance with section 130 of the Charities Act; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

  4. have not been met; or

  5. 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 31/10/2024

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EMPOWERMENT MINISTRIES INTERNATIONAL SCHEDULE OF INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 DECEMBER 2023

RECEIPTS:
Incoming Resources:
Offering and Tithe
Tithe
Total receipts
CHARITABLE ACTIVITIES:
Grants
Charitable projects
Church management and administration
Church - Hall rental
Software
Motor and Travelling Expenses
Music Ministers / Instrumentalist Fees
Church Conference and Office Expenses
Equipment Expense
Telephone, Fax and Internet Services
Depreciation
Printing,Postage &stationery
Advert
Total Expenditure
TOTAL CHARITABLE ACTIVITIES EXPENDITURE
Governance Cost
Professional and Accountancy fees
Bank Charges
Legal and Consultancy fees
TOTAL GOVERNANCE COSTS
TOTAL PAYMENTS
Excess of receipts over payments		 £
13,447		 £
13,447		 £
18,346
17,177
35,523
49,897
49,897
14,374
-
7,558
864
1,470
11,033
7,267
1,537
1,888
591
2,407
1,834
-
-
-		 36,450
-
-
Bank current and deposit accounts at 01/01/2023
Bank current and deposits accounts at 31/12/2023		 39,704
25,330

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