2024-05-31-accounts

Charity number: 1126210

CHRIST AMBASSADORS MINISTRIES FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2024

LUBBOCK FINE LLP Chartered Accountants Paternoster House 65 St Paul's Churchyard London EC4M 8AB

CHRIST AMBASSADORS MINISTRIES

CONTENTS

	Page
Reference and Administrative Details of the Charity, its Trustees and Advisers	1
Trustees' Report	2 - 3
Independent Examiner's Report	4
Statement of Financial Activities	5
Balance Sheet	6
Notes to the Financial Statements	7 - 14

CHRIST AMBASSADORS MINISTRIES

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MAY 2024

Trustees	Benson Eboh-Abohi
	Eartha Charmaine Goldstone
	Stella Crisp
Charity registered number 1126210 Principal office 14 Lytton Avenue Enfield Middlesex EN3 6EN Bankers Barclays Bank Plc Independent Examiner Hazra Patel Lubbock Fine LLP Chartered Accountants 3rd Floor Paternoster House 65 St Paul's Churchyard London EC4M 8AB

Page 1

CHRIST AMBASSADORS MINISTRIES

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MAY 2024

The Trustees present their annual report together with the financial statements of Christ Ambassadors Ministries for the year ended 31 May 2024. The Trustees confirm that the Annual Report and the 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) (effective 1 January 2019).

Structure, governance and management

Christ Ambassadors Ministries is an unincorporated registered charity, governed by its constitution adopted on 26 September 2008 and updated on 1 May 2021 and is managed by its Trustees.

The Trustees continuously review their competencies and are conscious of the need to maintain a balance of skills. Periodically, additional members may be invited to become Trustees, and this would involve a careful vetting process by the current Trustees to ensure any new member is aware of his/her responsibilities towards the Charity.

New Trustees would be briefed on their legal obligations under charity law, the content of the governing document, the decision-making processes, and the recent financial performance of the Charity.

Trustees

The Trustees who served during the year were:

Benson Eboh-Abohi Eartha Charmaine Goldstone Stella Crisp

Objectives and Activities

The main objectives of the Charity are to advance the Christian Faith in accordance with the Charity's mission statement and the advancement of charitable purposes as the Trustees shall from time to time decide.

In setting the objectives and planning the activity of the Charity, the Trustees have given careful consideration to the Charity Commission's general guidance on public benefit.

Achievements and performance

The objectives of Christ Ambassadors Ministries have been accomplished during the year by:

• Continuing to promote the Christian faith and providing spiritual support and development to Christ Ambassadors Family Church members and the community. This was done through:

• a. weekly in-person church services

• b. outreaches to the community

• c. virtual meetings using media channels such as Zoom

• d. sharing weekly bible teachings via YouTube

• e. providing Christian literatures and free bibles to the community.

• Continuing to provide support to the members of the church who were facing challenging conditions and having difficult times. This included providing professional Christian counsellors to help with mental health and wellbeing.

• Offering free transport to those who required transportation to church meetings and outreach events.

• Setting up membership classes for those who are new to the church.

• Continuing to provide spiritual and financial support for widows, families, and single parents.

• Providing support and spiritual development for the youth and children in the community by having regular meetings.

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CHRIST AMBASSADORS MINISTRIES

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2024

• Organising a summer fun day for the families and children in the community in which over 300 people attended. Also organising an outreach to the community by providing a food bank facility for those undergoing financial hardships.

• Supporting spiritually and financially church members who were bereaved.

• Organising outreaches to children, the youth, and families in the community at Christmas.

• Providing support and spiritual development for the women in the community by organising meetings.

• Putting together an annual event, in December 2023, to honour and thank more than thirty-five church volunteers.

Financial review

During the year, the charity generated a surplus of £63,884 (2023 - £49,655). Surpluses generated are carried forward for use in future periods in the furtherance of the Charity's objectives.

Reserves policy

The charity held unrestricted reserves of £455,098 (2023 - £393,335) as at 31 May 2024. After making allowances for funds that can only be realised by disposing of fixed assets, free reserves stood at £451,472. The charity has no formal reserves target but aims to maintain reserves to help sustain and support future outreaches and accumulate additional reserves for the purpose of acquiring its own church building. The current level of reserves are sufficient to enable the charity to continue to carry out its charitable activities. The charity held restricted reserves of £21,505 (2023 - £19,384).

Plans for the future

During the coming year, Christ Ambassadors Ministries will seek to develop the work of the ministries further and specifically focus on:

• Continuing with all the above activities.

• Organising a baptismal service for all the new souls that have given their lives to the Lord. This was not done last year due to a problem with the baptistry facility.

• Increasing the outreach work in the community and in the number of people attending worship services. Also increasing the number of people who make commitment to follow the teachings of our Lord Jesus Christ as revealed in the Holy Bible.

• Increasing the number of volunteers in the various church departments.

• Continuing to progress our plans to secure our own building with bigger and better facilities than the community hall currently being used.

• Putting together the community's yearly summer fun day for families and children with the goal of reaching a larger audience than the previous year.

• Ensuring our weekly services and all the children and young people’s activities continue to be held in a secure and safe environment.

Independent Examiner

Hazra Patel on behalf of Lubbock Fine has been appointed as independent examiner for the ensuing year.

Approved by order of the members of the board of Trustees and signed on their behalf by:

Benson Eboh-Abohi

Trustee

Date: 13 February 2025

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CHRIST AMBASSADORS MINISTRIES

INDEPENDENT EXAMINER'S REPORT

FOR THE YEAR ENDED 31 MAY 2024

Independent Examiner's Report to the Trustees of Christ Ambassadors Ministries ('the charity')

I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 May 2024.

This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the parent charity and the charity's Trustees as a body, for my work or for this report.

Responsibilities and Basis of Report

As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner's Statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Hazra Patel, ACA Independent Examiner Lubbock Fine LLP Chartered Accountants & Statutory Auditors Paternoster House 65 St Paul's Churchyard London EC4M 8AB

Date: 14 February 2025

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CHRIST AMBASSADORS MINISTRIES

STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MAY 2024

Note Income from: Donations 2 Investment Income 3 Total income Expenditure on: Charitable activities 4 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward	Unrestricted funds 2024 £ 102,899 1,723 104,622 42,859 42,859 61,763 393,335 61,763 455,098	Restricted funds 2024 £ 2,274 - 2,274 153 153 2,121 19,384 2,121 21,505	Total funds 2024 £ 105,173 1,723 106,896 43,012 43,012 63,884 412,719 63,884 476,603	Total funds 2023 £ 90,441 217
				90,658
				41,003
				41,003
				49,655
				363,064 49,655
				412,719

The notes on pages 7 to 14 form part of these financial statements.

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CHRIST AMBASSADORS MINISTRIES

BALANCE SHEET

AS AT 31 MAY 2024

			2024		2023
	Note		£		£
Fixed assets
Tangible assets	7		3,626		4,194
Current assets
Debtors	8	16,519		13,343
Cash at bank and in hand		460,188		399,512
		476,707		412,855
Creditors: amounts falling due within one
year	9	(3,730)		(4,330)
Net current assets			472,977		408,525
Total net assets			476,603		412,719
Charity funds
Restricted funds	10		21,505		19,384
Unrestricted funds	10		455,098		393,335
Total funds			476,603		412,719

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

Benson Eboh-Abohi Trustee

13 February 2025 Date:

The notes on pages 7 to 14 form part of these financial statements.

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CHRIST AMBASSADORS MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

1. Accounting policies

1.1 Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (SORP FRS 102) and Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and Charities Act 2011.

Christ Ambassadors Ministries meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

1.2 Going concern

The accounts have been prepared under the going concern basis, which assumes that current and future sources of funding will be adequate for the charity's needs. The Trustees continuously review the funding prospects and expenditure levels and take action to reduce expenditure should funding expectations and reserves appear inadequate. On the basis of this policy, the Board consider that the charity will continue in operational existence for the foreseeable future.

1.3 Income

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

All incoming resources are included in the statement of financial activities when the charity has entitlement to the funds, certainty of receipt and the amount can be measured with sufficient reliability.

Donation income is recognised on a receivable basis. Gift aid income is recognised in the period in which the donation was made.

1.4 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.

Charitable activity costs are costs incurred on the charity's operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.

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CHRIST AMBASSADORS MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

1. Accounting policies (continued)

1.6 Fund accounting

Unrestricted funds consist of donations received or generated for expenditure on the general objectives of the Charity.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

1.7 Tangible fixed assets and depreciation

Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

• Equipment 20% straight line

1.8 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.9 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.10 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

1.11 Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

1.12 Irrecoverable VAT

The Charity was not VAT registered during the year and therefore all expenditure is inclusive of any VAT charged.

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CHRIST AMBASSADORS MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

2. Income from donations

Donations/Tithes Gift Aid recoverable Donations/Tithes Gift Aid recoverable 3. Investment income Bank interest Bank interest	Unrestricted funds 2024 £ 86,119 16,780 102,899 Unrestricted funds 2023 £ 73,698 13,343 87,041	Restricted funds 2024 £ 2,274 - 2,274 Restricted funds 2023 £ 3,400 - 3,400 Unrestricted funds 2024 £ 1,723 Unrestricted funds 2023 £ 217	Total funds 2024 £ 88,393 16,780
			105,173
			Total funds 2023 £ 77,098 13,343
			90,441
			Total funds 2024 £ 1,723
			Total funds 2023 £ 217

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CHRIST AMBASSADORS MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

4. Costs of Charitable Activities by Fund Type

Summary by fund type

Unrestricted funds 2024 Restricted funds 2024 £ £ Advancement of the Christian Faith 42,859 153 Unrestricted funds 2023 £ Advancement of the Christian Faith 41,003	Total 2024 £ 43,012
	Total 2023 £ 41,003

5. Costs of Charitable Activities by activity

Advancement of the Christian Faith Advancement of the Christian Faith	Activities undertaken directly 2024 £ 38,525 Activities undertaken directly 2023 £ 36,591	Support costs 2024 £ 4,487 Support costs 2023 £ 4,412	Total funds 2024 £ 43,012
			Total funds 2023 £ 41,003

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CHRIST AMBASSADORS MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

5. Costs of Charitable Activities by activity (continued)

Analysis of support costs

Independent examiner fees (governance) Depreciation Independent examiner fees (governance) Depreciation	Activities 2024 £ 2,880 1,607 4,487 Activities 2023 £ 2,700 1,712 4,412	Total funds 2024 £ 2,880 1,607
		4,487
		Total funds 2023 £ 2,700 1,712
		4,412

6. Trustee and employee remuneration

During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).

During the year ended 31 May 2024, no Trustee expenses have been incurred (2023 - £NIL).

There were no employees during the current or prior year.

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CHRIST AMBASSADORS MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

7. Tangible fixed assets Cost or valuation At 1 June 2023 Additions Disposals At 31 May 2024 Depreciation At 1 June 2023 Charge for the year On disposals At 31 May 2024 Net book value At 31 May 2024 At 31 May 2023 8. Debtors Due within one year Other debtors 9. Creditors: Amounts falling due within one year	2024 £ 16,519	Equipment £ 25,268 1,039 (1,003)
		25,304
		21,074 1,607 (1,003)
		21,678
		3,626
		4,194
		2023 £ 13,343

Trade creditors Accruals	2024 £ 850 2,880 3,730	2023 £ 1,630 2,700
		4,330

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CHRIST AMBASSADORS MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

10. Statement of funds

Statement of funds - current year

Balance at 1 June 2023 £ Income £ Expenditure £ Unrestricted funds General Funds 393,335 104,622 (42,859) Restricted funds Homeless fund 1,715 - (153) Building fund 17,669 2,274 - 19,384 2,274 (153) Total of funds 412,719 106,896 (43,012) The Homeless Fund is made up of donations towards a project to provide provisions for the The Building Fund is made up of donations towards securing larger premises. Statement of funds - prior year Balance at 1 June 2022 £ Income £ Expenditure £ Unrestricted funds General Funds 347,080 87,258 (41,003) Restricted funds Homeless fund 1,715 - - Building fund 14,269 3,400 - 15,984 3,400 - Total of funds 363,064 90,658 (41,003)	Balance at 31 May 2024 £ 455,098
	1,562 19,943
	21,505
	476,603
	homeless. Balance at 31 May 2023 £ 393,335
	1,715 17,669
	19,384
	412,719

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CHRIST AMBASSADORS MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

11. Analysis of net assets between funds

Analysis of net assets between funds - current period

Tangible fixed assets Current assets Creditors due within one year Total	Unrestricted funds 2024 £ 3,626 455,202 (3,730) 455,098	Restricted funds 2024 £ - 21,505 - 21,505	Total funds 2024 £ 3,626 476,707 (3,730)
			476,603

Analysis of net assets between funds - prior period

Tangible fixed assets Current assets Creditors due within one year Total	Unrestricted funds 2023 £ 4,194 393,471 (4,330) 393,335	Restricted funds 2023 £ - 19,384 - 19,384	Total funds 2023 £ 4,194 412,855 (4,330)
			412,719

12. Related party transactions

Unrestricted donations totalling £4,860 (2023 - £6,642) were donated by Trustees during the year.

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