2021-12-31-accounts

CHRIST UNITED PENTECOSTAL MINISTRIES LIBERTY HOUSE TRUSTEES’ REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021

CHRIST UNITED PENTECOSTAL MINISTRIES LIBERTY HOUSE LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2021

Trustees & Directors: Apostle Matthew Oluwajoba Rev Sam Awonlaogun Mr Adebola Abayomi Odukoya Charity Registered Number: 1127461 Company Registered Number: 6595278 Registered Office: 254 Wellingborough Road Northampton NN1 4EJ Independent Reviewer: SEC Accounting Services Limited 9 Sheeplands Bedford MK41 0HH Bankers: Barclays Bank 267 Wellingborough Road Northampton NN1 4EN

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CHRIST UNITED PENTECOSTAL MINISTRIES LIBERTY HOUSE CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

	Page
Trustees’ Report	4-5
Independent Examiner’s Report	6
Statement of Financial Activities	7
Balance Sheet	8
Notes to the Accounts	9-13

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CHRIST UNITED PENTECOSTAL MINISTRIES LIBERTY HOUSE TRUSTEES’ REPORT

FOR THE YEAR ENDING 31 DECEMBER 2021

The Trustees are pleased to present their report and the accounts for the year ending 31[st] December 2021.

The restated accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the governing document, the Companies Act 2006, the Charities Act 2011 and the Statement of Recommended Practice applicable to charities preparing accounts in accordance with the Financial Reporting Standard applicable in UK and Republic of Ireland (FRS102) issued on 16 July 2014.

By the Grace of God, we were able to meet many of our objectives for the year. We reiterate our mandate as outlined below:

• Teaching principles of the Kingdom of God with relevance to all spheres of life;

• Developing the leadership spirit that will impact our generation;

• To extend charitable support to the poor and needy locally and globally;

• Restoring kingdom culture to our contemporary world;

• Inspire individuals to discover, develop and deploy their life vision.

Structure, Governance and Management

The church was established by a Charitable Trust Deed and registered as a limited company by guarantee on 16 May 2008. The Trustees also serve as the directors of the company. The members of the Trustees who served during the year were;

• Apostle Matthew Oluwajoba, General Overseer and Chair of Trustees;

• Rev Sam Awonlaogun; and

• Mr Adebola Abayomi Odukoya

Recruitment and Appointment of Trustees

Existing trustees by resolution, appoint new trustees at planned meetings. The Board of Trustees which make the financial and management decisions oversee the activities of the church. The spiritual and educational guidance of the congregation is delegated to the pastors and elders.

Trustees Inductions and Training

All trustees are familiar with the workings of the church and charity being drawn from long-standing members that have a skill-set to offer and empathy with our core values.

Mission

The church’s guiding mission is to bring liberty by the word of God to our community so we can be restored to our original place of authority (dominion). This includes the advancement of Christian values and morality.

Activities

The church facilitated a number of activities during the year including:

1. Real men conference

2. Women conference

3. Youth conference

4. Church leadership conference

5. Summer church outing – Rushden Lakes

6. Make a room for the King event

7. Charity day

8. Cross-over service

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CHRIST UNITED PENTECOSTAL MINISTRIES LIBERTY HOUSE TRUSTEES’ REPORT

FOR THE YEAR ENDING 31 DECEMBER 2021

Conclusion

We, the trustees of Christ United Ministries International, Liberty House continue to endeavour to serve the people in the church and community in accordance with its mandate.

On behalf of the Board of Trustees:

Apostle Matthew Oluwajoba, Chairman

Dated: 13[th] March 2023

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CHRIST UNITED PENTECOSTAL MINISTRIES LIBERTY HOUSE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE CHRIST UNITED PENTECOSTAL MINISTRIES LIBERTY HOUSE

We report on the accounts of Christ United Pentecostal Ministries Liberty House for the year ended 31[st] December 2021 which are set out on pages 7 and 8.

Respective Responsibilities of the Directors and Examiner

As Charity’s Trustees you are responsible for the preparation of the accounts, you consider that the audit requirement of s. 144 (2) of the Charities Act 2011 (The Act) do not apply. It is our responsibility to issue this report on those accounts in accordance with the terms of the Act and Regulations.

Basis of Independent Examiner's Report

Our examination was carried out in accordance with the General Directions given by the Charities Commission. An examination includes a review of the accounting records kept by the Charity and comparison of the accounts presented with those records. It also includes considering any unusual items or disclosures in the accounts and seeking explanations from you as 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.

Independent Examiner's Statement

In connection with my examination no matter has come to our 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

3. to prepare accounts which accord with the Accounting records and comply with Accounting requirements of the Charities Act and the Regulations have not been met, or

4. To which, in our opinion, attention should be drawn in order to enable a proper understanding of accounts to be reached.

SEC Accounting Services Ltd 9 Sheeplands Bedford MK41 0HH

Date: 13[th] March 2023

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CHRIST UNITED PENTECOSTAL MINISTRIES LIBERTY HOUSE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDING 31 DECEMBER 2021

Incoming resources Income and endowments from: Donations and legacies Charitable activities Investments Total incoming resources Resources expended Expenditure on: Charitable activities Governance costs Total resources expended Net income/(expenditure) Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	Notes 2 3 4 5		Unrestricted Funds £ 164,679 - 70 164,749 82,246 4,500 86,746 78,003 78,003 326,925 404,928		Restricted Funds £ - - - - - - - - - - -	Total 2021 £ 164,679 - 70 164,749 82,246 4,500 86,746 78,003 78,003 326,925 404,928	Total 2020 £ 163,700 700 188
							164,588
							79,612 4,500
							84,112
							80,476
							80,476
							246,449
							326,925

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CHRIST UNITED PENTECOSTAL MINISTRIES LIBERTY HOUSE BALANCE SHEET AS AT 31 DECEMBER 2021

Fixed assets Tangible assets Current assets Debtors Cash at bank and in hand Total current assets Creditors:amounts falling due within one year Net current assets/(liabilities) Total assets less current liabilities Creditors:amounts falling due after one year Total net asset /(liabilities) Funds of the Charity Unrestricted funds Revaluation reserve Total funds	Notes 11 12 13 14 15		Unrestricted Funds £ 546,341 383,855 7,685 391,540 54,113 337,427 883,768 403,721 480,047 404,927 75,120 480,047		Restricted Funds £ - - - - - - - - - - - -	Total 2021 £ 546,341 383,855 7,685 391,540 54,113 337,427 883,768 403,721 480,047 404,927 75,120 480,047	Total 2020 £ 560,594 311,262 5,483
							316,745
							48,554
							268,191
							828,785 426,740
							402,045
							326,925 75,120
							402,045

Approved and authorised for issue by the Trustees on 13[th] March 2023 and were signed on its behalf by:

Apostle Matthew Oluwajoba Chairman

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CHRIST UNITED PENTECOSTAL MINISTRIES LIBERTY HOUSE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021

1 Accounting policies

1.1 Basis of preparation

The accounts have been prepared under the historical cost convention modified to include the revaluation of certain fixed assets.

The restated accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014, the Charities Act 2011 and the Companies Act 2006.

1.2 Incoming resources

Income, including that gifted under the Gift Aid Scheme, is taken into account when received by the Charity. Income received in circumstances where a claim for repayment of tax has been or will be made to the H M Revenue & Customs is grossed up for tax recoverable. Interest income are taken into account when receivable.

1.3 Resources expended

Expenditure is taken into account when incurred by the Charity regardless of when payment is made and is allocated to appropriate heading in the accounts. Grants and Donations payable are taken into account at the earlier of when they are paid or become constructive obligation of the Charity.

1.4 Tangible fixed assets and depreciation

Tangible Fixed Assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Buildings 2% on cost Furniture, Fixtures & fittings 25% on cost

1.5 Commitments for future expenditure

Other than normal commitments under Contracts of Employment and Mortgage arrangements, there are no contractual obligations to future expenditure at Balance Sheet date. Where the Trustees have authorised expenditure which is not legally enforceable or become constructive obligations, amounts are set aside into funds designated for the purpose.

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CHRIST UNITED PENTECOSTAL MINISTRIES LIBERTY HOUSE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021

2 Donations and legacies Donations and gifts 3 Charitable activities Church activities 4 Investment Interest received 5 Total resources expended Charitable activities Church activities: Activities directly undertaken Donations, grants and gifts Support costs Total Governance costs Independent examiners fees		Other costs £ 21,338 1,652 59,256 82,246 4,500 86,746		Grant funding £ - - - - - -	2021 £ 164,679 2021 £ - 2021 £ 70 Total 2021 £ 21,338 1,652 59,256 82,246 4,500 86,746	2020 £ 163,700	2020 £ 163,700
							2020 £ 700
							2020 £ 188
						Total 2020 £ 22,445 4,520 52,647
						79,612 4,500
						84,112

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CHRIST UNITED PENTECOSTAL MINISTRIES LIBERTY HOUSE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021

6 Activities undertaken directly

Other costs relating to church activities: Water Lighting and heating Cleaning Travel and accommodation Catering and refreshments Music and media expenses Seminars and special events Equipment hire Donations, grants and gifts payable Donations to institutions Gifts to individuals Support costs Administrative expenses Repairs Staff costs Depreciation Mortgage interest	2021 £ 1,590 1,680 1,916 1,297 - 7,614 115 7,126 21,338 2021 £ 1,652 - 1,652 2021 £ 9,606 796 22,608 14,252 11,994 59,256	2020 £ 1,560 4,214 1,915 507 100 6,231 - 7,918
		22,445
		2020 £ 1,610 2,910
		2,225
		2020 £ 10,299 591 14,621 14,252 12,884
		52,647

7 Donations, grants and gifts payable

8 Support costs

9 Trustees

None of our trustees received remuneration or other benefits from their work with the charity.

As at 31 December 2021, Pastor Jide David Modede who is the spouse to Ms Blessed Salawu a trustee until her resignation on 31 March 2021, used the sum of £72,400; cumulatively £383,662 (2020: £311,262) without the approval of the trustees and some of this money has been spent on his personal activities. This has been stated in the accounts as debtors.

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CHRIST UNITED PENTECOSTAL MINISTRIES LIBERTY HOUSE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021

10 Employees

Number of employees

The average monthly number of employees during the year

Administration	2021 Number 2	2020 Number 1

There were no employees whose annual emoluments were £60,000 or more.

11 Tangible fixed assets

Cost or valuation At 1 January 2021 Revaluation Additions Disposals At 31 December 2021 Depreciation At 1 January 2021 Charge for the year At 31 December 2021 Net book value At 31 December 2021 At 31 December 2020 Debtors Other debtors Taxation and social security		Land and Buildings £ 712,620 - - - 712,620 152,026 14,252 166,278 546,342 560,594		Fixtures and fittings £ 60,340 - - - 60,340 60,340 - 60,340 - -		Furniture £ 10,484 - - - 10,484 10,484 - 10,484 - - 2021 £ 383,662 193 383,855	Total £ 783,444 - - -
							783,444
							194,345 14,252
							237,102
							546,342
							560,594
							2020 £ 311,262 -
							311,262

12 Debtors

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CHRIST UNITED PENTECOSTAL MINISTRIES LIBERTY HOUSE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021

13 Creditors: amounts falling due within one year

13 Creditors: amounts falling due within one year
Mortgage payable Accruals and deferred income Other creditors Taxation and social security 14 Creditors: amounts falling due after more than one year Mortgage payable 15 Analysis of net assets between funds	2021 £ 34,718 18,750 645 - 54,113 2021 £ 403,721	2020 £ 33,486 14,250 645 173
		41,004
		2020 £ 426,740

Analysis of net assets between funds
Fund balance at 31 December 2021 are represented by Tangible fixed assets Current assets Creditors: amount falling due within one year Creditors: amounts falling due after more than one year Unrealised gains included above: On tangible fixed assets		Unrestricted funds £ 546,341 391,540 (54,113) (403,721) 480,047 Unrestricted funds £ 75,120 75,120		Restricted funds £ - - - - - Restricted funds £ - -	Total £ 546,341 391,540 (54,113) (403,721)
					480,047
					Total £ 75,120
					75,120

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