2023-12-31-accounts - Christ United Pentecostal Ministries Liberty House

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CHRIST UNITED PENTECOSTAL MINISTRIES LIBERTY HOUSE TRUSTEES’ REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

UNITED PENTECOSTAL MINISTRIES LIBERTY HOUSE LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2023

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

CHRIST UNITED PENTECOSTAL MINISTRIES LIBERTY HOUSE CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

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

CHRIST UNITED PENTECOSTAL MINISTRIES LIBERTY HOUSE TRUSTEES’ REPORT

FOR THE YEAR ENDING 31 DECEMBER 2023

The Trustees are pleased to present their report and the accounts for the year ending 31[st] December 2023. 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 in 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;
Extending 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:

Women of Virtue conference
Awake men conference
Youth conference
Church leadership conference
Children’s Day
Charity day
Family/Relationship Sunday
Cross-over service.

CHRIST UNITED PENTECOSTAL MINISTRIES LIBERTY HOUSE

TRUSTEES’ REPORT

FOR THE YEAR ENDING 31 DECEMBER 2023

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] July 2024

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 2023 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] July 2024

CHRIST UNITED PENTECOSTAL MINISTRIES LIBERTY HOUSE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDING 31 DECEMBER 2023

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 £ 119,392 3,114 274 122,780 83,382 4,500 87,882 34,898 - 34,898 408,273 443,171	Restricted Funds £ - - - - - - - - - - - -	Total 2023 £ 119,391 3,114 274 122,780 83,382 4,500 87,882 34,898 - 34,898 408,273 443,171	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

CHRIST UNITED PENTECOSTAL MINISTRIES LIBERTY HOUSE

BALANCE SHEET AS AT 31 DECEMBER 2023

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 15		Unrestricted Funds £ 417,934 396,082 44,637 440,720 55,226 385,494 803,428 360,257 443,171 480,671 (37,500) 443,171		Restricted Funds £ - - - - - - - - - - - -	Total 2023 £ 417,934 396,082 44,637 440,720 55,226 385,494 803,428 360,257 443,171 480,671 (37,500) 443,171	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

Approved and authorised for issue by the Trustees on 17[th] July 2024 and were signed on its behalf by:

Apostle Matthew Oluwajoba Chairman

CHRIST UNITED PENTECOSTAL MINISTRIES LIBERTY HOUSE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

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

1.5 Commitments for future expenditure

Other than normal commitments under 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.

CHRIST UNITED PENTECOSTAL MINISTRIES LIBERTY HOUSE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

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 £ 28,374 6,759 48,249 83,382 4,500 87,882		Grant funding £ - - - - - -	2023 £ 119,391 2023 £ 3,114 2023 £ 274 Total 2023 £ 28,374 6,759 48,249 83,382 4,500 87,882	2022 £ 172,926	2022 £ 172,926
						2022 £ 3,282
							2022 £ 89
						Total 2022 £ 27,962 2,087 98,653
						128,702 6,750
						84,112

CHRIST UNITED PENTECOSTAL MINISTRIES LIBERTY HOUSE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

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 Missions Men's ministry Youth department expenses 7 Donations, grants and gifts payable Donations to institutions Gifts to individuals 8 Support costs Administrative expenses Repairs Staff costs Depreciation Mortgage interest	2023 £ 682 7,250 3,271 1,155 2,120 4,256 4,000 - 250 4,191 470 729 28,374 2023 £ 3,825 2,934 6,759 2023 £ 9,678 2,686 - 13,882 22,003 48,249	2022 £ 53 9,925 1,938 2,264 3208 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

CHRIST UNITED PENTECOSTAL MINISTRIES LIBERTY HOUSE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

9 Trustees

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

10 Employees

Number of employees

The average monthly number of employees during the year

Administration	2023 Number -	2022 Number	2022
		2

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

11 Tangible fixed assets

Cost or valuation At 1 January 2023 Revaluation Additions Disposals At 31 December 2023 Depreciation At 1 January 2023 Charge for the year At 31 December 2023 Net book value At 31 December 2023 At 31 December 2022 12 Debtors Other debtors		Land and Buildings £ 600,000 - - - 600,000 178,278 12,000 190,278 409,722 532,090	Furniture Fixtures and fittings £ 70,824 - 1908 - 72,732 70,824 205 71,029 1,703 -	Machinery and equipment £ 6,976 - 2400 - 9,376 1,190 1,677 2,867 6,509 - 2023 £ 396,082	Total £ 677,800 - - -
					677,800
					194,345 14,252
					264,174
					417,934
					532,090
					2022 £ 397,075

CHRIST UNITED PENTECOSTAL MINISTRIES LIBERTY HOUSE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

13 Creditors: amounts falling due within one year

13 Creditors: amounts falling due within one year
Creditors Mortgage payable Accruals and deferred income 14 Creditors: amounts falling due after more than one year Mortgage payable 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	2023 £ 4,396 46,331 4,500 55,226 2023 £ 360,257 Unrestricted Restricted funds funds £ £ 417,934 - 440,720 - (55,226) - (360,257) - 443,171 - Unrestricted Restricted funds funds £ £ (37,500) - (37,500) -	2022 £ - 44,079 20,250 64,329 2022 £ 384,879
		Total £ 417,934 440,720 (55,226) (360,257)
		443,171
		Total £ (37,500)
		(37,500)