CHRIST UNITED PENTECOSTAL MINISTRIES LIBERTY HOUSE TRUSTEES’ REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022
UNITED PENTECOSTAL MINISTRIES LIBERTY HOUSE LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2022
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 2022
| 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 2022
The Trustees are pleased to present their report and the accounts for the year ending 31[st] December 2022.
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:
-
Real men conference
-
Women conference
-
Youth conference
-
Church leadership conference
-
Summer church outing – Rushden Lakes
-
Make a room for the King event
-
Charity day
-
Cross-over service
4
CHRIST UNITED PENTECOSTAL MINISTRIES LIBERTY HOUSE TRUSTEES’ REPORT FOR THE YEAR ENDING 31 DECEMBER 2022
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: 17[th] November 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 2022 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:
-
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
-
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: 17[th] November 2023
6
CHRIST UNITED PENTECOSTAL MINISTRIES LIBERTY HOUSE STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDING 31 DECEMBER 2022
| 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) Property revaluations Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Notes 2 3 4 5 |
Unrestricted Funds £ 172,926 3,282 89 176,297 128,702 6,750 135,452 40,845 (37,500) 3,345 404,928 408,273 |
Restricted Funds £ - - - - - - - - - - - - |
Total 2022 £ 172,926 3,282 89 176,297 128,702 6,750 135,452 40,845 (37,500) 3,345 404,928 408,273 |
Total 2021 £ 164,679 - 70 |
|---|---|---|---|---|---|
| 164,749 | |||||
| 82,246 4,500 |
|||||
| 86,746 | |||||
| 78,003 - |
|||||
| 78,003 | |||||
| 346,925 | |||||
| 404,928 |
7
CHRIST UNITED PENTECOSTAL MINISTRIES LIBERTY HOUSE
| 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 |
BALANCE SHEET AS AT 31 DECEMBER 2022 Unrestricted Notes Funds £ 11 427,508 12 397,075 32,898 429,973 13 64,329 365,644 793,152 14 384,879 408,273 15 445,773 15 (37,500) 408,273 |
BALANCE SHEET AS AT 31 DECEMBER 2022 Unrestricted Notes Funds £ 11 427,508 12 397,075 32,898 429,973 13 64,329 365,644 793,152 14 384,879 408,273 15 445,773 15 (37,500) 408,273 |
BALANCE SHEET AS AT 31 DECEMBER 2022 Unrestricted Notes Funds £ 11 427,508 12 397,075 32,898 429,973 13 64,329 365,644 793,152 14 384,879 408,273 15 445,773 15 (37,500) 408,273 |
BALANCE SHEET AS AT 31 DECEMBER 2022 Unrestricted Notes Funds £ 11 427,508 12 397,075 32,898 429,973 13 64,329 365,644 793,152 14 384,879 408,273 15 445,773 15 (37,500) 408,273 |
Restricted Funds £ - - - - - - - - - - - - |
Total 2022 £ 427,508 397,075 32,898 429,973 64,329 365,644 793,152 384,879 408,273 445,773 (37,500) 408,273 |
Total 2021 £ 546,341 383,855 7,685 |
|
|---|---|---|---|---|---|---|---|---|
| Notes 11 12 13 14 15 15 |
||||||||
| 391,540 | ||||||||
| 54,113 | ||||||||
| 337,427 | ||||||||
| 883,768 403,721 |
||||||||
| 480,047 | ||||||||
| 404,927 75,120 |
||||||||
| 480,047 |
Approved and authorised for issue by the Trustees on 17[th] November 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 2022
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 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. Any amounts of tax not yet reclaimed from H M Revenue & Customs is shown as debtors. Interest income is 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 Machinery & equipment 20% on cost Computer equipment 33.33% on cost
The property at 254 Wellingborough Road was re-valued by Chown Commercial Limited in September 2022. This revaluation has been incorporated into these financial statements.
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 2022
| 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 £ 27,962 2,087 98,653 128,702 6,750 135,452 |
Grant funding £ - - - - - - |
2022 £ 170,148 2022 £ 3,282 2022 £ 89 Total 2022 £ 27,962 2,087 98,653 128,702 6,750 135,452 |
2021 £ 164,679 |
2021 £ 164,679 |
||
|---|---|---|---|---|---|---|---|
| 2021 £ - |
|||||||
| 2021 £ 70 |
|||||||
| Total 2021 £ 21,338 1,652 59,256 |
|||||||
| 82,246 4,500 |
|||||||
| 84,112 |
10
CHRIST UNITED PENTECOSTAL MINISTRIES LIBERTY HOUSE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022
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 Visiting preachers 7 Donations, grants and gifts payable Donations to institutions Gifts to individuals 8 Support costs Administrative expenses Repairs Staff costs Depreciation Mortgage interest |
2022 £ 53 9,925 1,938 2,264 3,208 5,829 3,715 530 500 27,962 2022 £ 637 1,450 2,087 2022 £ 9,390 35,965 14,574 13,190 25,534 98,653 |
2021 £ 1,590 1,680 1,916 1,297 - 7,614 115 7,126 - |
|---|---|---|
| 21,338 | ||
| 2021 £ 1,562 - |
||
| 1,562 | ||
| 2021 £ 9,606 796 22,608 14,252 11,994 |
||
| 59,256 |
11
CHRIST UNITED PENTECOSTAL MINISTRIES LIBERTY HOUSE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022
9 Trustees
None of our trustees received remuneration or other benefits from their work with the charity.
As at 31 December 2022, Pastor Jide David Modede who is the spouse to Ms Blessed Salawu a trustee
until 31 March 2021, used the sum of £2,413; cumulatively £386,075 (2021: £383,662) 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.
10 Employees
Number of employees
The average monthly number of employees during the year
| Administration | 2022 Number 2 |
2021 Number 2 |
|---|---|---|
There were no employees whose annual emoluments were £60,000 or more.
11 Tangible fixed assets
| Cost or valuation At 1 January 2022 Revaluation Additions Disposals At 31 December 2021 Depreciation At 1 January 2022 Charge for the year At 31 December 2022 Net book value At 31 December 2022 At 31 December 2021 |
Land and Buildings £ 712,620 (112,620) - - 600,000 166,278 12,000 178,278 421,722 546,341 |
Furniture fixtures and fittings £ 70,824 - - - 70,824 70,824 - 70,824 - - |
Machinery and equipment £ - - 6,976 - 6,976 - 1,190 1,190 5,786 - |
Total £ 783,444 (112,620) 6,976 - |
|
|---|---|---|---|---|---|
| 677,800 | |||||
| 237,102 13,190 |
|||||
| 250,292 | |||||
| 427,508 | |||||
| 546,341 |
12
CHRIST UNITED PENTECOSTAL MINISTRIES LIBERTY HOUSE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022
12 Debtors
| Other debtors Taxation and social security |
2022 £ 397,075 - 397,075 |
2021 £ 383,662 193 383,855 |
|---|---|---|
13 Creditors: amounts falling due within one year
| Creditors: amounts falling due within one year | ||
|---|---|---|
| Mortgage payable Accruals and deferred income Other creditors |
2022 £ 44,079 20,250 - 64,329 |
2021 £ 34,718 18,750 645 |
| 54,113 |
15 Analysis of net assets between funds
| Fund balance at 31 December 2022 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 losses included above: On tangible fixed assets |
Unrestricted funds £ 427,508 429,973 (64,329) (384,879) 408,273 Unrestricted funds £ (37,500) (37,500) |
Restricted funds £ - - - - - Restricted funds £ - - |
Total £ 427,508 429,973 (64,329) (384,879) |
|---|---|---|---|
| 408,273 | |||
| Total £ (37,500) |
|||
| (37,500) |
13