**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
2
## **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|
3
## **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
4
# **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
5
## **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:
- to keep accounting records in accordance with section 130 of the Charities Act
- 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
2. 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
6
## **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|
7
## **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
8
## **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.
9
## **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||
10
## **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.
11
## **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**
12
## **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|
13