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← Maximum Impact Christian Centre

2025-03-31-accounts

Maximum Impact Christian Centre aka MICC Chapel of Light 2024-2025

Maximum Impact Christian Centre -Chapel of Light International Trustees' Annual Report and Financial statements for the Year Ended 31st March 2025 Charity Number 1134921

Maximum Impact Christian Centre -Chapel of Light International Trustees' Annual Report and Financial statements

for the Year Ended 31[st] March 2025

Introduction

statements of the charity for the period ended 31 March 2025

Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (e�ective 1 January 2015)

This year has been a season of blessings and growth for MICC. Our mission to glorify God through worship, outreach, and service has touched lives within our community and beyond. Guided by faith and supported by our community of devout worshippers, we have embraced new opportunities to share Christ’s love and expand His Kingdom.

Chair’s Statement

This account reporting year 2024-2025 has been a remarkable year of spiritual and community impact for us at MICC. From increasing attendance at services to launching impactful outreach programs, we are humbled by God’s faithfulness and provision. Together, we continue to serve as a beacon of hope and light.

Within The MICC, the Pastors, Steering committee and Trustees are responsible for the overall direction and governance. However, as the church has grown, we have entrusted other individuals of gifting and character with responsibilities in line with their talents and experience, and thus now have three senior groups that work together to give depth, focus and dynamism to the many areas of church life.

we accept the right of individuals to have, and to express, di�ering beliefs or no belief. A central part of the Christian faith is the desire to see justice for all, regardless of age, race, gender, class or religion.

We pledge to follow the Charity Governance Code and assess our governance practises to see how we measured up against the Code. We shall continue to improve the diversity of MICC trustees through the replacement of appointed trustees when existing terms of o�ice come to an end.

1

Dr Peter Adegbie the Founding Pastor is the General overseer and is ably assisted by coFounding Pastor Theodora who works as our Pastoral co-ordinator and Chief Operating O�icer.

To keep the church motor running smoothly, we also have Associate Pastors T Okpara, J Mbanu, Benoit Musi, and Dr Ezi AzFredrick who all ably assist in various voluntary capacities.

Objectives and Activities

The objects are:

(i) To advance the Christian faith [in accordance with the Statement of Beliefs] in such ways and in such parts of the United Kingdom or the world as the Trustees from time to time may think fit;

by the provision of funds, goods or services of any kind, including through the provision of counselling and support in such parts of the United Kingdom or the world as the Trustees from time to time may think fit; and

(iii) To advance education in such ways and in such parts of the United Kingdom or the world as the Trustees from time to time may think fit.

MICC Chapel of Light exists to raise Christians who will be agents of change in the community; we support through study and fellowship the members of the church, teaching the doctrines of the Christian faith. We conduct regular worship services, teaching seminars and prayer conferences. We also provide ministerial services to parishioners in the UK and through our website to the world.

The ministerial services include wedding ceremonies, children dedication and water baptismal services; in addition, we o�er counselling services especially to people in courtship and married couples.

Our Key Achievements in 2024-31st March2025.

Worship and Spiritual Growth:

2

2. Community Outreach:

3

3. Youth and Family Ministry:

4. Global Mission:

Financial Review

Through the generosity of our congregation and supporters, we raised £179,280 this year. Key income sources included:

Our expenditure focused on worship, outreach, and maintaining our facilities:

Looking Ahead

As we enter 2025-2026 Financial Year, we are prayerfully planning to:

4

Governance and Structure

MICC is governed by a dedicated board of trustees committed to honouring God through wise stewardship and accountability.

Trustees in YE2025

Governing documents

Sunderland Chapel of Light has been registered as a charitable organisation since 15 March, 2010, number 1134921.

Appointment of Trustees

Trustees are appointed and can serve more than one term.

Religious leaders and trusteeship:

The responsibility and authority for spiritual leadership rests with the recognised spiritual leaders within the church.

Religious leader trustees have the same level of involvement and participation in decision making as all the other trustees. All decisions concerning the charity are taken by the trustees acting together. The trustees, however, must look to those trustees with spiritual authority for guidance on spiritual matters and bear in mind the spiritual direction of the church and the views of the spiritual leaders.

5

Acknowledgments

We thank God for His abundant provision and the unwavering support of our congregation, volunteers, and donors. Your faithfulness has enabled us to share His love and make immense impact and di�erence.

Together, we look forward to another year of serving Him with passion and purpose.

Approved by the Board of Trustees on 29/01/2026 Peter Adegbie Peter Adegbie (Jan 29, 2026 10:26:44 GMT)

Rev. Dr Peter Adegbie

Chair of Trustees

6

MAXIMUM IMPACT CHRISTIAN CENTRE

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES

For the year ended 31 March 2025

I report on the financial statements of Maximum Impact Christian Centre for the year ended 31 March 2025, which are set out on pages 8 to 18.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 ("the Charities Act) and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner's statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from 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 material matters have come to my attention which gives me cause to believe that in, any material respect:

I 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.

Michelle Wright MW Accounting, Bookkeeping & Training Woodgate House Wood Street Gateshead NE11 9NP Date: 29/01/2026

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MAXIMUM IMPACT CHRISTIAN CENTRE

STATEMENT OF FINANCIAL ACTIVITIES

For the year ended 31 March 2025

==> picture [530 x 328] intentionally omitted <==

----- Start of picture text -----
Unrestricted Restricted Total Total
Funds Funds 2025 2024
£ £ £ £
Income from:
Donations and legacies 6 172,280 - 172,280 165,261
Charitable activities
Grants and contracts 7 7,000 - 7,000 17,352
Investments 8 - - - -
Total income 179,280 - 179,280 182,613
Expenditure on:
Charitable activities
Operation of the charity 8 181,396 - 181,396 176,766
Total expenditure 181,396 - 181,396 176,766
Net income/(expenditure) and net
( 2,116 ) - ( 2,116 ) 5,848
movement of funds
Reconciliation of funds
Total funds brought forward 91,928 4,081 96,009 90,161
Total funds carried forward 89,812 4,081 93,893 96,009
Notes
----- End of picture text -----

The Statement of Financial Activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities

The notes on pages 10 to 18 form an integral part of these accounts.

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Charity Number 1134921

MAXIMUM IMPACT CHRISTIAN CENTRE

BALANCE SHEET

As at 31 March 2025

Fixed assets
Tangible assets
15
Total fixed assets
Current assets
Debtors
16
Cash at bank and in hand
17
Total current assets
Creditors:amounts falling due within
one year
18
Net current assets
Total assets less current liabilities
Creditors:amounts falling due after
more than one year
19
Total net assets or liabilities
Funds of the charity
Unrestricted income funds
Restricted income funds
Revaluation reserve funds
Total funds
Notes		 £
10,646
16,917
27,563
( 7,393 )
( 18,774 )		 Total
2025
£
92,497
92,497
20,169
112,667
93,893
53,065
4,081
36,747
93,893		 £
10,646
18,192
28,837
( 3,279 )
( 23,785 )		 Total
2024
£
94,236
94,236
25,558
119,794
96,009
50,271
4,081
41,657
96,009

The notes on pages 10 to 18 form an integral part of these accounts.

These financial statements were approved by the Board on:

and are signed on its behalf by: Reverend Dr Peter Adegbie Trustee

29/01/2026

Peter Adegbie Peter Adegbie (Jan 29, 2026 10:26:44 GMT)

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MAXIMUM IMPACT CHRISTIAN CENTRE

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

1 Accounting Policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

2 Basis of accounting

2.1 Basis of preparation

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

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 Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) – Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

Maximum Impact Christian Centre meets the definition of a public benefit entity under FRS 102.

2.2 Preparation of the accounts on a going concern basis

The charity reported total unrestricted funds at the year-end of £64,757 and has already secured a significant amount of funding for the current year. The financial statements have been prepared on a going concern basis. In making their assessment the trustees have reviewed and considered relevant information, including their annual budget and future cash flows. In response to the COVID-19 pandemic, the trustees have revised their forecasts to take into account measures that they can take with the current resources available to mitigate the impact of the current adverse conditions. The trustees are of the view that the immediate future of the charity for the next 12 months is secure and that on this basis the charity is a going concern.

3 Income

3.1 Recognition of income

Income is recognised when the charity has entitlement to the resources, any performance conditions attached to the item(s) of income have been met, it is more likely than not that the resources will be received and the monetary value can be measured with sufficient reliability

3.2 Offsetting

There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by FRS102 SORP or FRS102.

3.3 Grants and donations

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of the provision of a specified service is deferred until the criteria of income recognition are met.

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MAXIMUM IMPACT CHRISTIAN CENTRE

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

3.4 Donated goods and services

Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so.

Donated services and facilities are included in the SoFA when received at the value of the gift to the charity provided that the value of the gift can be measured reliably. Donated services and facilities that are consumed immediately are recognised as income with the equivalent amount recognised as an expense under the appropriate heading in the SoFA.

3.5 Volunteer help

The value of volunteer help received is not included in the accounts but is described in the trustees' annual report.

3.6 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.

3.7 Income from membership subscriptions

Membership subscriptions received in the nature of a gift are recognised in donations and legacies.

Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities.

3.8 Investment gains and losses

This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.

3.9 Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.

4 Expenditure and liabilities

4.1 Liability recognition

Liabilities are recognised when it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.

4.2 Charitable activities

Expenditure on charitable activities includes the costs of outreach work and other activities undertaken to further the purposes of the charity and their associated support costs.

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MAXIMUM IMPACT CHRISTIAN CENTRE

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

4.3 Governance and support costs

Support costs have been allocated between governance cost and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources.

4.4 Irrecoverable VAT

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

4.5 Creditors

The charity has creditors which are measured at settlement amounts less any trade discounts.

4.6 Provisions for liabilities

A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date.

5 Assets

5.1 Tangible fixed assets for use by the charity

Depreciation is calculated so as to write off the cost of a fixed asset, less its estimated residual value, over the useful economic life of that asset as follows:

Land and buildings

Fixtures, fittings and equipment Motor vehicles

Property is maintained to such a standard that, in the opinion of the trustees, its estimated value is not less than its cost. No depreciation is charged as it is not material. 18% per annum on a reducing balance basis 18% per annum on a reducing balance basis

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MAXIMUM IMPACT CHRISTIAN CENTRE

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

Analysis of income
6
Donations and legacies
7
Charitable activities
Income from grants
Church offerings and tithes
Gift aid
Donations
Grants
Other income		 Unrestricted
Funds
£
129,238
33,042
10,000
172,280
2,000
5,000
7,000		 Restricted
Funds
£
-
-
-
-
-
-
-		 Total
2025
£
129,238
33,042
10,000
172,280
2,000
5,000
7,000		 Total
2024
£
129,125
17,331
18,806
165,261
12,352
5,000
17,352

Income was £179,280 (2024: £182,613) of which £179,280 was unrestricted or designated (2024: £172,613) and £0 was restricted (2024: £10,000)

13

MAXIMUM IMPACT CHRISTIAN CENTRE

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

Analysis of expenditure on charitable activities

8 Charitable activities
Direct costs
Support costs
Governance costs
Staff costs
Church running and establishment expenses
Depreciation
Bank charges
Independent examiner's fees for reporting on
the accounts
Project costs
Repairs and renewals
Professional fees
Office costs
Outreach work and local projects		 Unrestricted
Funds
£
85,490
29,846
1,738
50,400
5,423
276
75
2,072
5,774
300
181,396		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-		 Total
2025
£
85,490
29,846
1,738
50,400
5,423
276
75
2,072
5,774
300
181,396		 Total
2024
£
81,749
33,198
2,423
20,230
1,607
1,252
86
33,337
2,585
300
176,766

Expenditure on charitable activities was £181,396 (2024: £176,766) of which £181,396 was unrestricted or designated (2024: £166,766) and £0 was restricted (2024: £10,000)

9
10
Analysis of staff costs and the cost of key management personnel
Salaries and wages
Social security costs
Pension costs
Fees for examination of the accounts
Independent examiner's fees for reporting on the accounts		 2025
£
300
300
2025
£
72,091
7,438
5,961
85,490		 2024
£
300
300
2024
£
68,349
7,438
5,961
81,749

No employee received remuneration above £60,000

The key management personnel of the charity, comprise the trustees and the Senior Pastor. The total employee benefits of the key management personnel of the charity were £42,069.

14

MAXIMUM IMPACT CHRISTIAN CENTRE

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

11 Staff numbers

The average monthly head count was 2 staff (2024: 2 staff) and the average monthly number of full-time equivalent employees during the year were as follows:

The parts of the charity in which the employee's work
Pastors and ministers		 2025
Number
2.0
2.0		 2024
Number
2.0
2.0

12 Transactions with trustees

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity.

Trustees' expenses

No trustee expenses have been incurred in the year.

Transaction(s) with related parties

There have been no related party transactions in the reporting period.

13 Defined contribution pension scheme

The charity operates a defined contribution pension scheme.The assets of the scheme are held separately from those of the charity in an independently administered fund.

The employer's pension costs represent contributions payable by the charity to the fund and amount to £5,961 (2024: £5,082). There was £1,245 outstanding as at 31 March 2025 (2024: £1,245)

14 Corporation Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objectives.

15

MAXIMUM IMPACT CHRISTIAN CENTRE

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

Freehold
Property
15 Tangible fixed assets
Improvements
£
Cost
Balance brought forward
14,143
Additions
-
Disposals
-
Revaluations
-
Balance carried forward
14,143
Depreciation
Basis
SL
Rate
5%
Balance brought forward
-
Depreciation charge for year
707
Disposals
-
Balance carried forward
707
Net book value
Brought forward
14,143
Carried forward
13,436		 Freehold
land and
building
£
75,000
-
-
-
75,000
-
-
-
-
75,000
75,000		 Motor
vehicles
£
12,763
-
-
-
12,763
RB
18%
10,626
385
-
11,010
2,137
1,752		 Furniture,
fittings and
equipment
£
42,068
-
-
-
42,068
RB
18%
39,112
646
-
39,758
2,956
2,310		 Total
£
143,973
-
-
-
143,973
49,738
1,738
-
51,476
94,236
92,497

The effective date of the revaluation was the 17th December 2018. An independent valuer was involved; sales of church buildings in other areas was taken into consideration when the valuation was carried out. The carry amount that would have been recognised had the assets been carried under the historical costs model is £33,343.

16 Debtors and prepayments (receivable within 1 year)

17
Cash at bank and in hand
Cash at bank and in hand
Accrued income		 2025
£
10,646
10,646
2025
£
16,917
16,917		 2024
£
10,646
10,646
2024
£
18,192
18,192

16

MAXIMUM IMPACT CHRISTIAN CENTRE

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

18 Creditors and accruals (payable within 1 year)

Hire purchase creditors
19
Other taxation, social security and pension
Other creditors
Accruals
Creditors and accruals (payable after more than 1 year)
Long Term Loan
Independent examination of accounts		 2025
£
4,761
-
2,333
300
7,393
2025
£
18,774
18,774		 2024
£
437
891
1,652
300
3,279
2024
£
23,785
23,785

This is a government backed Bounce-Bank loan and the repayment is over 10 - 15 years

20 Events after the end of the reporting period

No events (not requiring adjustment to the accounts) have occurred after the end of the reporting period but before the accounts are authorised which relate to conditions that arose after the end of the reporting period.

21 Analysis of charitable funds

Analysis of movements in unrestricted funds

Unrestricted funds
General unrestricted fund
Revaluation reserve
Totals		 Fund
balances
brought
forward
£
55,181
36,747
91,928		 Incoming
resources
£
179,280
-
179,280		 Resources
expended
£
( 181,396 )
-
( 181,396 )		 Transfers
£
-
-
-		 Fund
balances
carried
forward
£
53,065
36,747
89,812

Purpose of unrestricted funds

General unrestricted fund The 'reserves' of the charity

17

MAXIMUM IMPACT CHRISTIAN CENTRE

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

21 Analysis of charitable funds continued

Analysis of movement in restricted funds

Restricted funds
Big Lottery Fund - Awards for All
Big Lottery Fund - Heritage
Lottery Resilience Fund
Totals		 Fund
balances
brought
forward
£
4,081
-
4,081		 Incoming
resources
£
-
-
-		 Resources
expended
£
-
-
-		 Transfers
£
-
-
-		 Fund
balances
carried
forward
£
4,081
-
4,081

Purpose of restricted funds

Restricted funds represent income resources used for a specific purpose within the charity as identified by the donor.

Big Lottery Fund - Awards for All Employability funding Big Lottery Fund - Heritage To fund a community celebration Lottery Big Lottery Fund - Heritage To develop areas of the church in urgent need of repair Lottery Reilience Fund

22 Capital commitments

As at 31 March 2025, the charity had no capital commitments (2024 -£nil)

23 Analysis of net assets between funds

Long term assets/(liabilities)
Tangible fixed assets
Long term assets/(liabilities)
Other net current assets/(liabilities)
Tangible fixed assets
Cash at bank and in hand
Other net current assets/(liabilities)
Cash at bank and in hand		 Unrestricted
Funds
£
92,497
12,836
3,253
( 18,774 )
89,812
Unrestricted
Funds
£
96,658
13,835
( 628 )
( 18,774 )
91,091		 Restricted
Funds
£
-
4,081
-
-
4,081
Restricted
Funds
£
-
4,081
-
-
4,081		 Total
2025
£
92,497
16,917
3,253
( 18,774 )
93,893
Total
2024
£
96,658
17,916
( 628 )
( 18,774 )
95,172

18