INTERNATIONAL BREAKTHROUGH MINISTRIES
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31[st] December 2024
CHARITY NUMBER: 1140455
INTERNATIONAL BREAKTHROUGH MINISTRIES 22 KAY ROAD LEICESTER LE3 9PQ
INDEX Page Index 1 Trustee’s Report 2-3 Independent Examiner’s Report 4 Receipts and Payments Account 5 Statement of Assets and Liabilities 6 Notes on the financial Statements 7
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INTERNATIONAL BREAKTHROUGH MINISTRIES
TRUSTEES’ REPORT YEAR ENDED 31[ST] DECEMBER 2024
The trustees are pleased to present their report for the year ended 31[st] December 2024 for the charity, International Breakthrough Ministries with charity number 1140455.
The Trustees of the charity are: Mr Melusi Dube Mr Mbongeni Dube Mr Damith Attanayake
The principal address of the charity is : 22 Kay Road Leicester LE3 9PQ
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity governing document is a declaration of trust that was executed on 1[st] February 2011.The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.
OBJECTIVES AND ACTIVITIES
The Objects of the organisation are first to advance the Christian faith in accordance with the statement of beliefs for the benefit in the United Kingdom and in such other parts of the world as the trustees may think fit from time to time. The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.
ACHIEVMENTS AND PERFORMANCE
The Organisation continues to hold successful meetings through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. The organisation continues to hold several conferences during the year in which individuals came from all around the country to attend. It continues to meet in 3 different locations for its services in Leicester, London and Birmingham. These services run on Friday, Saturday and Sunday every week. The church now airs a weekly television programme on the Faith television. It continues on the long lease on new premises for its services in the town of Leicester. This has led to increase in its attendants and donations through the year.
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FINANCIAL REVIEW
The income of the charity is above £174,000. This is a good amount for this year of the charity the costs have been well managed over this period. The organisation is still in a good position to manage its costs. The main cost of the organisation was paying for the rent of its building that it uses for worship services and running television programs on the Christian channel.
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RESERVE POLICY
It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure. This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to maintain this level throughout the year.
RISK MANAGEMENT
The charity has assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.
TRUSTEE RESPONSIBILITIES
Under the Charities Act 2011,the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:
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Select suitable accounting policies and apply them consistently.
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Make judgements and estimates that are reasonable and prudent.
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State whether the applicable accounting standards have been followed.
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Prepare financial statements on an ongoing basis.
They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.
Approved by the Trustees on 21[st] October 2025 and signed on their behalf by:
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Independent Examiner’s Report To the Trustees INTERNATIONAL BREAKTHROUGH MINISTRIES
I report on the accounts of the church for the year ended 31[st ] December 2024 set out on the following pages which have been prepared on the basis of the accounting policies shown in the corresponding pages.
Respective responsibilities of trustees and examiner
The trustees of the church are responsible for the preparation of accounts: they consider that the audit requirement under section 144(2) of the Charities Act 2011 (the 2011 Act),does not apply. It is my responsibility to :
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Examine the accounts under section 145 of the 2011 Act.
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Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 145(5)(b) of the 2011 Act.
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State whether particular matters have come to my attention.
Basis of Independent examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the church 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 you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In the course of my examination, no matter has come to my attention;
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(1) which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that:
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proper accounting records are kept( in accordance with section 130 of the 2011 Act
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accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 2011 Act: or
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(2) to which , in my opinion , attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Chuks Ajuka BSc(Man), FICB PMDip FRESH FIRE ORGANISATION Generator Business Centre 95 Miles road Mitcham Surrey CR4 3FH
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INTERNATIONAL BREAKTHROUGH MINISTRIES ACCOUNTS FOR THE YEAR ENDED 31st December 2024
1 Receipts & Payments Account (General Purpose Fund)
| Income Receipts Tithes and Offerings Other income Total Receipts Direct Charitable Expenditure Professional fees Vehicle Church hall Rent Admin Mission House Travel expenses Renovation costs Pastor's allowance Television & Radio programs Welfare Accounting services Telephone & Internet Media Services Subscription Donation Music Services Website Bank Charges Advertising Hotel expenses Light & Heat Insurance Stationery Supplies Mission Repairs Vehicle payments Conference costs Rates Other Expenditure Equipment Fixtures & Fittings Security Total Payments Net Receipts/(Payments) for the year Cash Funds brought forward Cash Funds at the end of the year 5 |
£ 2024 173552 0 173552 ___ 2836 0 60907 219 0 17476 0 29715 47679 1720 750 3179 500 390 480 0 0 1205 4123 2202 7120 11376 760 706 4250 1846 7955 800 3168 211362 835 0 0 835 212197 -38645 39931 |
£ 2023 200521 2491 |
|---|---|---|
| 203012 |
||
| ___ 1720 1500 61352 0 0 19074 0 29940 30549 1000 750 3281 500 0 315 1410 0 1624 732 1199 7087 5395 0 623 4782 1305 25758 2316 1964 |
||
| 204176 0 523 58 |
||
| 581 204757 -1745 41676 |
||
| 1286 | 39931 | |
INTERNATIONAL BREAKTHROUGH MINISTRIES
2 Statements of Assets and Liabilities at 31st December 2024
| Cash Funds Bank Total Cash Funds Assets Retained for the Charity's Own use Musical Instruments Equipments Fixtures and Fittings Vehicle Liabilities Accounting services |
Unrestricted Funds 2024 £ 1286 _ 1286 _ 212 3939 634 9600 14385 800 |
2023 £ 39931 |
2023 £ 39931 |
|---|---|---|---|
| ___ 39931 |
|||
| ____ | _____ 365 4424 793 1200 6782 750 |
Approved by the Trustees and signed on their behalf:
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INTERNATIONAL BREAKTHROUGH MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st December 2024
ACCOUNTING POLICIES
Basis of Accounting
These accounts have been prepared on the receipts and payments basis under the Chariteis Act.
Funds
Unrestricted funds are those which can be used at the Trustees' discretion. Restricted Funds are those whose purposes have been restricted by the donor.
Trustee Remuneration
Trustee Melusi Dube received £29940 for pastoral services
The church had 1 employee during the accounting year. All the work of the organisation was undertaken by volunteers during the financial year. No employee earned more than £30,000 in the financial year. The staff wages was managed through a PAYE Scheme.
Public Benefit
The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or aims that are for public benefit.Details of how this is achieved are provided in the Trustees report. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
Depreciation
Depreciation is calculated at 20% reducing balance method.
| Cost | Equipment | Instrument | Fittings | Vehicle | Total |
|---|---|---|---|---|---|
| 01/01/2024 | 14425 | 1261 | 2582 | 1500 | 19768 |
| Additions | 500 | 0 | 0 | 0 | 500 |
| 31/12/2024 | 14925 | 1261 | 2582 | 1500 | 20268 |
| Depreciaiton | |||||
| 01/01/2024 | 10001 | 996 | 1789 | 300 | 13086 |
| Charge | 985 | 53 | 159 | 240 | 1437 |
| 31/12/2024 | 10986 | 1049 | 1948 | 540 | 14523 |
| NBV | |||||
| 31/12/2024 | 3939 | 212 | 634 | 960 | 5745 |
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