EASTWOOD ANABA MINISTRIES (EAM)
FINANCIAL STATEMENT - YEAR ENDED 31 December 2024
EASTWOOD ANABA MINISTRIES
FINANCIAL STATEMENT AS OF 31 DECEMBER 2024
CHARITY REGISTRATION: 1146397
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Accounts prepared and certified by: PMCT Chartered and Certified Accountants Address: Ability House, 121 Brooker Road, Waltham Abbey, Essex, EN9 IJH, UK Telephone: +44 208 145 3355. Website: www.pmct.co.uk
EASTWOOD ANABA MINISTRIES (EAM)
FINANCIAL STATEMENT - YEAR ENDED 31 December 2024
Contents
| 1. | Trustees' Report ...................................................................................................................... 3 |
|---|---|
| 2. | Accountants' Independent Report ........................................................................................ 7 |
| 3. | Eastwood Anaba Ministries Annual Report for the year ended 31 December 2024 ........ 8 |
| 3.1 Scope of Operation and Undertaken Activities ............................................................... 8 | |
| 3.2 Income and Expenditure Summary as of 31 December 2024 ........................................ 8 | |
| 3.3 Status of Position (Balance Sheet) as of 31 December 2024 ........................................... 9 | |
| 4 | Notes to the accounts: Year ended 31 December 2024 ...................................................... 10 |
| 4.1 Accounting Policies .......................................................................................................... 10 | |
| 4.1.1 Basis of measurement and preparation of accounts ............................................. 10 |
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| 4.1.2 Tangible Fixed Assets Depreciation Policy ............................................................ 10 |
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| 4.1.3 Income Recognition .................................................................................................. 10 |
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| 4.1.4 Expenditure .............................................................................................................. 10 |
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| 4.1.5 Valuation information and policy ........................................................................... 10 |
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| 4.2 Trustees Commitment ..................................................................................................... 10 | |
| 4.3 Detailed Income and Expense Performance Statement as of 31 December 2024 ...... 11 | |
| 4.4 Fixed Asset and Depreciation as of 31 December 2024 ................................................ 12 | |
| 4.5 EAM Charitable Donations as of 31 December 2024 ................................................... 12 | |
| 4.6 Creditors as of 31 December 2024 .................................................................................. 13 |
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Accounts prepared and certified by: PMCT Chartered and Certified Accountants Address: Ability House, 121 Brooker Road, Waltham Abbey, Essex, EN9 IJH, UK Telephone: +44 208 145 3355. Website: www.pmct.co.uk
EASTWOOD ANABA MINISTRIES (EAM)
FINANCIAL STATEMENT - YEAR ENDED 31 December 2024
1. Trustees' Report
The Trustees of Eastwood Anaba Ministries (EAM) are pleased to present the report and financial statements for the year ending 31 December 2024. This year has seen meaningful progress across our local and international programmes, particularly in our ongoing efforts to support disadvantaged children.
Principal Focus
EAM remains dedicated to its Christ-centred mission and to serving communities through practical humanitarian support. In the UK, we continued to prioritise assistance to vulnerable individuals while delivering regular prayer and teaching conferences. We also provided training seminars for preachers and evangelists to enhance their ministry work.
Challenges and Limitations
Despite the positive developments achieved during the year, we continued to face challenges in raising sufficient funds to meet the increasing demand for our services. In particular, the growth in needs among young gospel ministers and communities facing hardship has placed pressure on available resources. While we aim to broaden our support network to include additional volunteer training and educational support, our ambitions remain dependent on the financial capacity of the ministry.
Achievements in the Year
We successfully delivered all key objectives for the year, with success in maintaining and expanding our membership. A total of £9,960.00 was allocated to support individuals and families in the UK who required assistance. We remain committed to sustaining this level of humanitarian help in the coming years.
It has become clear that many donors are experiencing their own financial pressures, which has contributed to a reduction in overall giving for the year ended 31 December 2024.
Global Collaboration and Resource Management
EAM Ghana manages our event activities and continues to play a central role in our charitable work, especially through its support of the Help Foundation in the northern regions of Ghana. This work has become an established part of our ministry’s identity and purpose.
To strengthen efficiency and reduce duplication of effort, we continued our collaboration with other EAM offices internationally, particularly EAM Ghana. As a considerable portion of EAM’s income is generated through global events, EAM Ghana has led the organisation of such events, with costs shared fairly across the participating EAM entities.
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Accounts prepared and certified by: PMCT Chartered and Certified Accountants Address: Ability House, 121 Brooker Road, Waltham Abbey, Essex, EN9 IJH, UK Telephone: +44 208 145 3355. Website: www.pmct.co.uk
EASTWOOD ANABA MINISTRIES (EAM)
FINANCIAL STATEMENT - YEAR ENDED 31 December 2024
Optimising Event Management and Resource Allocation
To manage expenditure more effectively, we invested £34,122.00 in event equipment, including laptops, cameras, and accessories, rather than hiring equipment at higher costs. These assets, capitalised over two to five years depending on asset type, are managed by EAM Ghana.
We continued our decision to suspend television broadcasting due to cost considerations and redirected funds to strengthen our digital platforms. A total of £6,970.00 was invested in online channels, including YouTube, Zoom, and social media. This investment significantly increased engagement, visibility, membership, and donations.
Administrative Support and Cost Management
Last year, three administrators were engaged to support EAM Ghana’s operations and to assist with events locally and internationally. However, due to financial constraints, their direct involvement was suspended and to be reviewed later. These administrators offer valuable technological and operational support at a far lower cost than equivalent services in the UK, helping EAM operate efficiently and sustainably. It is important to note that the costs associated with their work were fully absorbed by EAM Ghana, meaning their contribution is treated as voluntary support provided at no expense to EAM.
Impact of Collaborative Cost-Sharing
The involvement of EAM Ghana in event management has resulted in a reduction of approximately 35% in administrative and operational costs compared with hosting events solely in the UK. We expect this collaborative approach to continue delivering substantial financial benefits, particularly in areas such as training and technology.
Income trends further demonstrate the value of this collaboration. Before EAM Ghana’s involvement, income averaged £37,514.00 (2017–2019). When EAM Ghana began contributing in 2020, income rose from £59,083.00 in 2019 to £120,244.00 in 2020. Although income reduced to £110,466.00 in 2024 due to EU-based donors contributing directly to local EAM branches, the long-term trajectory remains positive.
Building Project Participation
Historically, EAM incurred significant costs hiring venues for indoor events in the UK. To establish a long-term solution, EAM joined an international EAM building project intended to eliminate the need for future event rentals. The project is expected to take between five and seven years to complete. A commitment of £35,000.00 annually had been set aside from 2020; however, due to financial constraints and reduced income in 2024, no further provision was made this year.
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Accounts prepared and certified by: PMCT Chartered and Certified Accountants Address: Ability House, 121 Brooker Road, Waltham Abbey, Essex, EN9 IJH, UK Telephone: +44 208 145 3355. Website: www.pmct.co.uk
EASTWOOD ANABA MINISTRIES (EAM)
FINANCIAL STATEMENT - YEAR ENDED 31 December 2024
Charitable Contributions
In the UK, we allocated £9,960.00 to support EAM members and families facing urgent needs. We also contributed £2,500.00 to UK charities, including Great Ormond Street Hospital, Christians Against Poverty, and Transforming Lives for Good.
Internationally, we contributed £28,000.00 to the Help Foundation in Northern Ghana, supporting vulnerable children in deprived communities. As recommended by PMCT Accountants & Consultants, video evidence of the project’s delivery was obtained for transparency and assurance.
EAM Trustees’ Engagement with Ghana
In previous years, Trustees visited Ghana to assess operations and observe the work of the Help Foundation. Their findings reaffirmed the significant impact of EAM’s humanitarian efforts. This year, Trustees continued active engagement through video conferences, photographic updates, and live progress reports on both the building project and ongoing charity outreach.
Event Hosting Arrangements
Hosting major events requires substantial logistical and technical capacity, including security, catering, parking, and equipment management. These services would be significantly more costly if sourced directly in the UK. For this reason, EAM will maintain its arrangement with EAM Ghana to coordinate major events at shared cost with other international EAM entities. This collaboration strengthens EAM’s global reach and visibility while delivering savings and operational stability.
Sources of Financing and Allocation of Funds
EAM is committed to diversifying its funding base and intends to pursue Gift Aid claims on eligible UK donations, which will require specialised bookkeeping support. We have engaged PMCT Accountants & Consultants to assist with compliance planning.
Income increased substantially from £32,530.00 in 2018 to £224,748.00 in 2023 and stands at £110,466.00 for 2024. Operating costs were £146,029.00, including £40,752.00 in depreciation. Provision. Excluding depreciation, EAM recorded a net surplus of £5,194.00.
Total charitable expenditure for the year was £40,460.00, with £12,460.00 allocated to support UKbased beneficiaries and charities.
Enhancing Professional Resources and Strategic Planning
EAM continues to broaden its partnerships and strengthen its digital outreach. In 2022, PMCT Accountants & Consultants advised EAM to secure professional contractors in Ghana to ensure continuity of specialist skills at a competitive cost. While this approach remains beneficial in principle, full implementation will depend on the long-term strategic alignment of all EAM entities globally. Due to financial constraints, the three administrative personnel engaged in 2023 were not
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Accounts prepared and certified by: PMCT Chartered and Certified Accountants Address: Ability House, 121 Brooker Road, Waltham Abbey, Essex, EN9 IJH, UK Telephone: +44 208 145 3355. Website: www.pmct.co.uk
EASTWOOD ANABA MINISTRIES (EAM)
FINANCIAL STATEMENT - YEAR ENDED 31 December 2024
recorded as shared-cost resources in 2024; this will be reviewed once a final cost-sharing model is agreed.
Conclusion
This has been a constructive and forward-looking year for EAM. The Trustees remain committed to strengthening our operations, expanding our humanitarian impact, and ensuring the long-term sustainability of the ministry through prudent financial and organisational planning.
Signed: kwadwoBossman
Kwadwo Twum-Bossman
Chairman of the Trust
For and on behalf of Trustees and Members of Eastwood Anaba Ministries Date: 19 November 2025
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Accounts prepared and certified by: PMCT Chartered and Certified Accountants Address: Ability House, 121 Brooker Road, Waltham Abbey, Essex, EN9 IJH, UK Telephone: +44 208 145 3355. Website: www.pmct.co.uk
EASTWOOD ANABA MINISTRIES (EAM)
FINANCIAL STATEMENT - YEAR ENDED 31 December 2024
2. Accountants' Independent Report
In our capacity as accountants, we submit a report on the unaudited accounts to the Trustees of Eastwood Anaba Ministries. It is our duty to determine, based on the procedures outlined in the General Directions issued by the Charity Commissioners under section 43 (7) (b) of the Act, whether any matters have come to our attention.
Respective roles of the trustees and examiner
As indicated on the balance sheet, the Trustees of Eastwood Anaba Ministries are responsible for preparing the accounts for the year ending on 31 December 2024, as presented on the following pages. The Trustees believe that the charity is exempt from the audit requirement of section 43 (2) of the Charities Act 2016 (the Act). By the instructions of the Trustees of Eastwood Anaba Ministries, we have compiled these unaudited accounts to facilitate the fulfilment of the Trustees' statutory obligations. This compilation is based on the charity's accounting records, information, and explanations provided to us, leading to reasonable assumptions and prudent estimations as deemed appropriate.
Basis of the independent examiner's report
Our examination was conducted by the General Direction provided by the Charity Commissioners. This examination involves reviewing the charity's accounting records and comparing the presented accounts with those records. It also encompasses the evaluation of any unusual items or disclosures in the accounts and requesting clarifications from you, the trustees, on such matters. The procedures performed do not encompass all the evidence required for an audit, and consequently, we do not express an audit opinion on the accuracy of the accounts. We recommend that EAM consider registering with HMRC for Gift Aid claims, and we are willing to assist with the necessary due diligence for bookkeeping and anti-money laundering (AML) compliance.
Independent examiner's statement
By our examination, no matter has come to our attention:
(1) Which gives us reasonable cause to believe that in any material respect the requirements: (a) To keep accounting records by section 41 of the Act: and
(b) To prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met, or
(2) To which, in our opinion, attention should be drawn to enable a proper understanding of the accounting to be reached.
Signature: VincSant
PMCT Accountants senior partner: Vincent Santeng – FCCA
In a Capacity as a Qualified Chartered and Certified Accountant. Date: 19 November 2025
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Accounts prepared and certified by: PMCT Chartered and Certified Accountants Address: Ability House, 121 Brooker Road, Waltham Abbey, Essex, EN9 IJH, UK Telephone: +44 208 145 3355. Website: www.pmct.co.uk
EASTWOOD ANABA MINISTRIES (EAM)
FINANCIAL STATEMENT - YEAR ENDED 31 December 2024
3. Eastwood Anaba Ministries Annual Report for the year ended 31 December 2024
- 3.1 Scope of Operation and Undertaken Activities
The Trustees report that the financial year ended 31 December 2024 and continued to bring new challenges to the organisation.
In line with our Christian ethos, various teachings and prayer seminars were regularly organised during the year. Again, attendance at these activities has continued to increase, especially in helping young and new ministers of the Gospel live Christ-centred lives.
3.2 Income and Expenditure Summary as of 31 December 2024
| 31/12/2024 | 31/12/2023 | |
|---|---|---|
| INCOME: | ||
| Donations | 110,466 | 224,748 |
| 110,466 | 224,748 | |
| EXPENSES | ||
| Direct Charitable Expenditure on Direct Charitable Objectives | 93,302 | 140,744 |
| Management and Administration Expenses | 52,722 | 67,555 |
| Total Expense | 146,024 | 208,299 |
| Net Surplus / Deficit | -35,558 | 16,449 |
| Income and Expense Reserve Brought Forward | 183,932 | 167,484 |
| Profit and Loss Reserve | 148,375 | 183,932 |
The net movement in funds for the year stated above arose entirely from continuing activities. There are no recognised gains or losses for the year above other than those included in the above Statement of Financial Activities. The notes from Pages 9 to 10 form part of these accounts.
Eastwood Anaba Ministries' performance statement above and the Balance Sheet below reflect a true and fair view of the trust position as of 31 December 2024.
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Accounts prepared and certified by: PMCT Chartered and Certified Accountants Address: Ability House, 121 Brooker Road, Waltham Abbey, Essex, EN9 IJH, UK Telephone: +44 208 145 3355. Website: www.pmct.co.uk
EASTWOOD ANABA MINISTRIES (EAM)
FINANCIAL STATEMENT - YEAR ENDED 31 December 2024
3.3 Status of Position (Balance Sheet) as of 31 December 2024
| 31/12/2024 | 31/12/2023 | |
|---|---|---|
| FIXED ASSETS | 40,751 | 47,382 |
| CURRENT ASSETS | ||
| Balance at Bank and in Hand | 163,051 | 191,029 |
| LIABILITIES: | ||
| Amounts fallingdue within oneyear(Note) | 55,428 | 54,479 |
| Net Current Assets | 107,623 | 136,550 |
| Net Assets | 148,374 | 183,932 |
| FUNDS | ||
| Restricted Funding Committed - Administration Office Project in Ghana |
72,036 | 87,100 |
| Accumulated Unrestricted Reserve | 76,339 | 96,832 |
| Total Reserve | 148,375 | **183,932 ** |
Approved by the Board of Trustees on 15 November 2025
Signed: kwadwoBossman
Kwadwo Twum-Bossman
Chairman of EAM
For and on behalf of Trustees and Members of Eastwood Anaba Ministries (EAM) Date: 19 November 2025
The notes to accounts are on pages 10 to 12.
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Accounts prepared and certified by: PMCT Chartered and Certified Accountants Address: Ability House, 121 Brooker Road, Waltham Abbey, Essex, EN9 IJH, UK Telephone: +44 208 145 3355. Website: www.pmct.co.uk
EASTWOOD ANABA MINISTRIES (EAM)
FINANCIAL STATEMENT - YEAR ENDED 31 December 2024
4 Notes to the accounts: Year ended 31 December 2024
- 4.1 Accounting Policies
4.1.1 Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention and by the Financial Reporting Standard for Smaller Entities (Effective April 2008).
The financial statement reflects the requirements of the revised Statement of Recommended Practice 'Accounting for Charities' (SORP). The charity complied with best practices at the time of preparing these accounts.
4.1.2 Tangible Fixed Assets Depreciation Policy
All fixed Assets are capitalised after taking account of any grants receivable (if any), at the following annual rates to write off each asset over its estimated useful life. The depreciation charge is calculated to write off the costs of fixed assets and is capitalised over their useful lives on the following bases:
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Equipment 18% on Net Book Value (reducing balancing capitalising method)
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Furniture 18% on Net Book Value (reducing, balancing capitalising method)
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Fittings 18% on Net Book Value (reducing balancing capitalising method)
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Camara and laptops would be depreciated by 2 years.
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Administration and Program Hosting newly built ongoing building is depreciated by 2 years
4.1.3 Income Recognition
Income is accounted for on an accrual basis, except for donations, which are credited to income when received during the period.
4.1.4 Expenditure
AII expenditure is accounted for on an accrual basis. Direct charitable expenditure relates to those incurred or grants payable, which directly relate to the furtherance of the charity's objects. Management and administration costs include wages and related costs of central administration.
4.1.5 Valuation information and policy
Where applicable, valuations would be undertaken as the lower of cost and net realisable value, after making do allowance for obsolete. Cost includes all direct expenditures and an appropriate proportion of fixed and variable overheads.
4.2 Trustees Commitment
No amounts were paid to any trustees during the year in respect of their duties as trustees. The office of Ministers was also not paid for duties as full-time Christian Ministers. The need to remunerate Eastwood Anaba Ministries’ ministers will be addressed as part of our future consideration.
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Accounts prepared and certified by: PMCT Chartered and Certified Accountants Address: Ability House, 121 Brooker Road, Waltham Abbey, Essex, EN9 IJH, UK Telephone: +44 208 145 3355. Website: www.pmct.co.uk
EASTWOOD ANABA MINISTRIES (EAM)
FINANCIAL STATEMENT - YEAR ENDED 31 December 2024
4.3 Detailed Income and Expense Performance Statement as of 31 December 2024
| 31/12/2024 | 31/12/2023 | |
|---|---|---|
| Income | ||
| Donations | 110,466 | 224,748 |
| 110,466 | 224,748 | |
| Expenses | ||
| Direct Charitable Expenditure on Direct Charitable Objectives - Programme Organisation |
||
| Rentals | 19,653 | 14,477 |
| Administration | 7,254 | 10,016 |
| Operational Cost | 9,695 | 28,905 |
| Community Involvement | 40,460 | 58,956 |
| Travel and Subsistence | 11,495 | 24,127 |
| Telephone | 633 | 2,345 |
| Stationery | 4,112 | 1,918 |
| 93,302 | 140,744 | |
| Management and Administration Expenses | ||
| Advertising andMarketing | 6,970 | 15,210 |
| Depreciation | 40,752 | 47,382 |
| Software | 1,400 | 3,464 |
| Accountants | 950 | 850 |
| Consultants | 2,650 | 650 |
| 52,722 | 67,555 | |
| Total Expenses | 146,024 | 208,299 |
| Yearly Net Surplus Position | -35,558 | 16,449 |
| Income and Expense Reserve Brought Forward | 183,652 | 167,203 |
| Income and Expense Performance Reserve | 148,094 | 183,652 |
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Accounts prepared and certified by: PMCT Chartered and Certified Accountants Address: Ability House, 121 Brooker Road, Waltham Abbey, Essex, EN9 IJH, UK Telephone: +44 208 145 3355. Website: www.pmct.co.uk
EASTWOOD ANABA MINISTRIES (EAM)
FINANCIAL STATEMENT - YEAR ENDED 31 December 2024
4.4 Fixed Asset and Depreciation as of 31 December 2024
| Combined For Reporting | Investment in Building Projects |
General Pool: Camera, Accessories and Laptop |
Total |
|---|---|---|---|
| Cost Brought Forward | 70,000 | 68,067 | 138,067 |
| Add Cost Addition | 34,122 | 34,122 | |
| Less Disposal | |||
| Total Cost | 70,000 | 102,189 | 172,189 |
| Depreciation | |||
| Brought Forward | 43,750 | 46,936 | 90,686 |
| Depreciation Addition | 13,125 | 27,627 | 40,752 |
| Less Disposal Depreciation Accumulated |
|||
| Total Depreciation | 56,875 | 74,563 | 131,438 |
| Net Book Value | 13,125 | 27,626 | 31,697 |
4.5 EAM Charitable Donations as of 31 December 2024
| Description | UK Donation Amount | UK Donation Amount |
|---|---|---|
| UK CHARITIES: | 31/12/2024 | 31/12/2024 |
| Great Ormond Street Hospital | 1,000 | 2,000 |
| Christian Against Poverty | 650 | 1,000 |
| TrinityHope Centre | 2,500 | |
| TransformingLives for Good | 850 | 500 |
| 2,500 | 6,000 | |
| Partners: Individuals & Families | 9,960 | 24,956 |
| UK Donations Total | 12,460 | 30,956 |
| Foreign Donations: | ||
| HelpFoundation | 28,000 | 28,000 |
| Total Direct Charity | 40,460 | 58,956 |
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Accounts prepared and certified by: PMCT Chartered and Certified Accountants Address: Ability House, 121 Brooker Road, Waltham Abbey, Essex, EN9 IJH, UK Telephone: +44 208 145 3355. Website: www.pmct.co.uk
EASTWOOD ANABA MINISTRIES (EAM)
FINANCIAL STATEMENT - YEAR ENDED 31 December 2024
4.6 Creditors as of 31 December 2024
| Amount - 31/12/2024 | Amount - 31/12/2023 | |
|---|---|---|
| PMCT Accountants - Accountancy2024 | 950 | |
| PMCT Accountants - Accountancy2023 | 850 | 850 |
| PMCT Accountants - Accountancy2022 | 850 | 850 |
| PMCT Accountants - Consultancy2023 | 650 | 650 |
| PMCT Accountants - Consultancy2022 | 650 | 650 |
| AccountingSoftware - 2022,2023,and 2024 | 120 | |
| Outstandingto Three Administrators 2022 | 5,200 | 5,200 |
| Outstandingto Three Administrators 2023 | 15,600 | 15,600 |
| Creditor Amount due to EAM notyetpaid | 30,558 | 30,679 |
| Total | 55,428 | 54,479 |
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Accounts prepared and certified by: PMCT Chartered and Certified Accountants Address: Ability House, 121 Brooker Road, Waltham Abbey, Essex, EN9 IJH, UK Telephone: +44 208 145 3355. Website: www.pmct.co.uk