Trustees. Annual Report for the period
(OMMtsWN
Peric¥J slart date
P10d erhd date
2D24
2025
To
Section A
Reference and administration details
Charity name
SIMNET OtrrREACH MINISTRIES
Other names charity is known by
SIMNET OiftREACH. HOLY TRINITY TABERNACLE
Registered charity number (rf any)
1147641
Charity'5 principal address
SCII(K)L EIOUSE
SELBORNE ROAD
LONtK)N
CRO 5JQ
Names of the chaiity trustees who manage the charity
Trustee name
Office rff any}
Name of pèrson {4Y boty) Èntstled
inttrustee
rfan
APOSTt.F. SIMON
A. IDOWU
CHAIR
05105f2012
TRUSTEE BOARD
PASTOR
MOSIIOOD AMOS
AMOSU
0110612014
TRUSTEE BOARD
TiiEASURER
PASTOR
ADEBAYO
GEORGE-LAWAL
01106f2014
TRUSTEE BOARD
SECREfARY
DR JONATHAN O.
OLALEYE
TRUSTEE
13108f2018
TRUSTEE BOARD
Names of the trustees for the charity. rf any, {for example, any custodian trustees)
Name
Dates acted rf not for whole
Names and addresses of advisers {Optional infomJation}
of adviser
Name
Address
Name of chief executive or names of senior staff members (Optional infomiation)
TAR
March 2012
Section B
Structure.
overnance and mana
ement
Description of the charity's trusts
TRUST DEED
Type of goveming docAJment
Trustee selection methods
TRUSTEE ARE AppoiwfED BY THF. BOARD OF TRUSTEES
Additional govemance issues (Optional information)
You may choose to indude
additional infomiation, where
relevant. about:
policies and predureS
adopted for the inductton and
training of trustees"
the chartty's organisattonal
structure and any wider
network with which the tharity
works",
relationship with any retated
TIIIS CIIARITY IIAS CONFLicf OF tKrEREST POLICY IN PLACE
trustees. Gonsideration of
major risks and the system
and prOdureS to manage
them.
TAR
Marth 2012
Section C
Ob'ectives and activities
OUR OWEcfs ARE:
I "To advan¢¢ the Christian religion in tA)ndon and other places" within England
and Waks and overse4 in accordaJKe with the statements of belief appTIng
in the schedule and Christian doctrin¢s. for th¢ b¢nefit of the public.
Summary ofthe objects of the
charity set out in its
governing document
2 Yo advan(t educatioll in such ways and in such parts ofthc United Kingdom
or the world as the trustees from time to time may think fiL-
3 The prevention or relief of )verty mainly in tA)ndon and other places.
nationally or overseas by providing: grdnt4 items and services to indtviduals and
supporting other charities or organisations (l(Kal, national and overseas) working
to prevent or relieve wverty."
All our Ob"ects arc charitablc
AcrivrriFS UNDERTAKEN
Our trustecs have had rcgard to the guidan(% i&sucd by the Charity Commission
on public nerrt.
All our Objects are cRL8ritable and the following activtties in furthering them are
for public ixnefL"
We ndk our usual weekly and monthly chur¢h/ministy activities such as
fellowshiplmeetings. pr&b]ll& and bibk studies. prayers and counsellin
¢vangeIistn and radio millislry.
Summary of the main
activities undertaken for the
public benefit in relation to
these objects (include within
this section the statutory
declaration that trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit)
Th¢ following activiti&% were also undertaken:
I. YEARLY CONVENTION
IHEME: T1 IWiVEST IS NOW
DATF.: 28nd of July 2024.
VENUE: Archbishop Teni50n's CE High SchooL
Selknrne Roa4L Croydon CRO 5JQ.
2. CONFERENCE
THEME: BROTHERI.Y I.OVE
DATE: 9th ofApril 2024.
VENUE: Ashburnham Place. Battl¢. East Susse4 TN33 9NF.
3. SEMINAR
THEME: DEVELOPNG A SAVENG FAriH
DATE= 28th of Sep. 2024.
VENUE: Ashburnham PlaK Battlé East IN33 9NF3
SEMINAR
TFIEME: OUR HF.AVFNLY HOME
DATF.: 26th of January 2025.
VENUE: Archbishop Tenison's CE Iligh School,
IEK)rne Roa¢ Cro don CRO 5J
TAR
March 2012
Additional detaib of objectives and activities (owional inforniation)
GrxDt Policy and Procedure
The Tee5 must use the inwme and oth¢rmeEtu¢s of the organisation in
promoting the Objects in the governing document (Trust Deed). This will
includ¢ the of actually carrying out the ObjLxts as in paragraphs 1. 3.2
and ).) of thc Trust Deed.
We Curmitly have limtted funds and can only rn2ke grdnts in the forni of small
financial &&siStance to applicants in genuine neol and not to those who have
made deliknerately made themselves destitute. or those who have not explored
other available sources likc their entitlement to ststels(Kial benefits. or aifordable
comtnercial loans. Consideration wÉll k giving to individuals who are genuinely
experiencing financial hardship or sick because they are poor or at risk of
becoming w)or. duc lo: bereavement of the main bread winner in the family.
with very low In)Me. du¢ to ill-health, and people who 3re unemployed and
people that do not recouFSe to the public funds. Therefore. ch application will
be means-tested and assewd (m th¢ir individual merits.
You may choose to include
further statements. where
relevant. about:
policy on grantmaknng;
wliGy programrne related
investrnent
contribution made by
volunteers.
DepdIng on av2ilabilty of fillmls small financia] grnit may also be given to
supp)rt other charitable owisalions undertaking similar object and activities,
or Tural communities lacing crisis or llatural dis&ster.
No Truste¢ or connected persoD to a tee may use their position to influence
or obtain any financial or material Eenefrt from this charity cxcept they
ordinarily qualify by satisfvÈng the criteria mentioned above. Such trustee or
their connected peNin MJUST NOT be involved in the decision making for
their
lication. Please see the Conflict-of-lntetest Polic .
Section D
Achievements and performance
Summary ofthe main
achievements of the charity
during the year
A&sisted and SUPFN)rtcd people towards employment
Providd alu¢*ionaJ materials and SUprt foryoungsters which helped them
gain placement into university.
Restore families through counselling aryl marriage enrichment programmes.
Relieved p)vaty for some people thllgh provision of cl(rthin& toiletries for
homelS wle.
Organised conferences and seminars for people itt IA)Ddon at Ashburnham,
Balt1¢ in Fast
Engaged in MissioDary works in Africa and Americ&
TAR
2012
Section E
Financial review
TRUSTEES AND OTHER REIATED PARTIES
No payments were made to any trustee or atiy connected with them
No material transactions to)k place WTth a trusiet or any COEllTrected with
Brtef statsment of the
charrvs policy on reserves
There was no Grant received during the year.
GIFf AID
Ther¢ w&s llo Gift Aid recetved durin
The following are extracts from Annual A¢wunt for the year ending 31 st MaKh
2024
TOTAL INCOMING RFSOURCF.S
Totsl Resources expended on
Managing and Athninislering the CTharity
£44.362
Details of any funds materialty
in deficit
£46,118
NET INCOMINGI(OUTGOING) RESOURCES £ (1,756)
Totsl funds brought forward
£6.017
Total funds catrid fonvard
£4,261
Further financial review details (Optional informknon)
The main sources of the charity's income are donations and gilts from supporters
You may choose to indude
additional infomiation. where
relevant about
the charity's prtncrpal
sources of funds (indudtng
any fundraising)-
how expenditure has
supported the key objectives
of the charity.
investment policy and
objectives including any
ethical investment policy
adopted.
In addttion to any other [erS they hav4 the Trustees may exercise any ofthe
followin
- powers in order to further th¢ obj¢¢ts (but not for an). other pUrlse).
(i) to rdise fimds. In exercising this wwer. the TnteeS must not undertake aDy
substantial permanent trading activity and tnU5t comply with any relevant
statory regulati
(ii) to buy. tske on lease or in exchange. hire or otherwise acquire property and
to maintain aod equip it for use.
{iili to selL or (ther dispose of all or any part of the propety belonging
to the Charity. In exercisino this power. the Tn must comply 85 appropriate
with sections 36 and )7 of the chlti5 Act 1993. &5 3mend¢d by the Charities
(iv) to borrow money and to clw.e the whole or any part of the pmperty
longillg to the Charity as seclwity for payMent of the money wed. The
Trustees must comply as appropriate with sections 38 and 39 of the Charities Act
1993. as amended by the Chartties Act 2006. if they wish to mortgage land
owned by the Charity"
(v) to CO-Otmte with other charitie& voluntary IK)dies and sÉatutory authorities
alld to exchang¢ inforniatioll alld advice with them"
{vi) to establish or support any charitable tru5t4 associations or institutions
fonned for any of the cljaritable purrM)ses included in the objects:
(vii) to acquirc, merge with or cnter into any p3rtn¢rship or joint ventutE
arrnngement with any other Chartty fornied for any of the objects"
(vii)I to ¢Teate such advisory committees as the TnLgte¢s think fi¢
(ix) to employ and remunerate such staff as are llC¢C5sary for canying out the.
work of the Charity.
(x) to do any other lawful thing that is necessary or destrable for the achievement
of the ob"ects.
TAR
March 2012
12r27r25. PM
Section F
Other optional information
F4tUF¢r
Section G
Declaration
The Intee5 dlare thattw have approved the trEtstee5' report above.
TAR
1kn* 21112
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## **SIMNET OUTREACH MINISTRIES**
**ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH,2025**
## **SIMNET OUTREACH MINISTRIES**
|**Contents**|Page||
|---|---|---|
|Legal and administrative information||3|
|Report of the Trustees||4|
|Report of the independent examiner||6|
|Statement of financial activities||7|
|Balance sheet||8|
|Notes forming part of the financial statements|9|& 10|
2
## **SIMNET OUTREACH MINISTRIES CHARITY NUMBER : 1147641**
## **Legal & Administrative Information**
|WORKING NAME:|:HOLY TRINITY TABERNACLE|:HOLY TRINITY TABERNACLE|
|---|---|---|
||:SIMNET OUTREACH MINISTRIES||
|FINANCIAL YEAR|:1st April, 2023 - 31st March, 2024||
|DIRECTORS/MANAGEMENT COMMITTEE|||
|AT 31/03/2024|Apostle Simon Adeyinka Idowu|:Chair|
||Mr Adedayo George-Lawal|:Secretary|
||Mr Moshood Amos Amosu|:Human Resources|
||Dr (Rev) Jonathan Olaleye|:Trustee|
|**Address:**|Simnet Outreach Ministries||
||School House||
||Selborne Road||
||Croydon||
||CR0 5JQ||
|**Independent Examiner**|||
||Charterbrook Accountants||
||EasyHub Croydon||
||Suite 3.12||
||22 Addiscombe Road||
||Croydon||
||CR0 5PE||
|**Bankers**|||
||National Westminster Bank Plc||
||Stoke Newington Branch||
||198 Stoke Newington Branch||
||London||
||N16 7GA||
3
## **SIMNET OUTREACH MINISTRIES**
## Report of the Trustees for the year ended 31st March, 2025
The Trustees present their report along with the financial statements of the charity for the year ended
31 March, 2025. The financial statements have been prepared in accordance with the accounting policies set out on pages 9 to 10 and comply with the charity's trust deed and applicable law.
## **OBJECTS**
1. The advancement of the Christian religion and education
2. Welfare Support to bereaved families
3. The provision of education & support for young people whose parents suffer from mental illness.
4. Evangelism (Radio Ministry)
5. Mission Meal Outreach for the homeless.
6. Workshops and Seminars for Church Leaders.
## **Legal Status, Governance & Management**
**Board meetings are bi-monthly and ensure the purpose of the organisation is implemented through effective planning resu the annual work plan, associated resources to deliver core and projects, and support to our voluteers, who are the back bon** service delivery.
## **Funding**
Delivery of our work programme and related costs are archieved through a mixture of offering and tithes, as well as donations from m
## **Public Benefit**
The Board have due regard to the guidance on public benefit in planning, resourcing and delivering its activities.
## **Risk Management**
The Board ensures there is a risk management policy which reflects the range of risk to which the organisation may be exposed and as **mitigating systems are in place.**
4
ie of our
## **SIMNET OUTREACH MINISTRIES**
## **Report of the Independent Examiner**
We have examined the financial statements on pages 7 to 8 which have been prepared under the accounting policies set out on page 9.
## **Respective responsibilities of trustees and examiner**
As the charity's trustees you are responsible for the preparation of the accounts; you consider that the audit requirement of section of the Charities Act 2006 does not apply. It is our responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners Act, whether particular matters have come to my attention.
## **Basis of opinion**
Our 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 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 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 we do not express an audit opinion on the view given by the accounts.
## **Opinion**
In connection with 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 in accordance with 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
has not been met; or
- (2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Charterbrook Accountants EasyHub Croydon **Suite 3.12 Croydon** Date: 26-Dec-25 CRO 5PE
6
## **SIMNET OUTREACH MINISTRIES**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE YEAR ENDED 31ST MARCH, 2025**
|**STATEMENT OF FINANCIAL ACTIVITIES**
**FOR THE YEAR ENDED 31ST MARCH, 2025**||
|---|---|
|Notes
Incoming resources:
**Grant**
Other Income
Tithes & Offering
Gift Aid
**Donations**
**Less:**
**Resources Expended**
**Evangelism & Honorarium**
Rent
Salaries
Insurance
Welfare Support & Mission Meal
**Printing & Publicity**
**Motor Running Expenses**
**Honorarium**
Volunteer Expenses
Telephone & Internet
Independent Examiners fee
Conferences/Seminars
Equipment & Materials
Postage & Stationery
Subscription, Training & educational Support
Depreciation
1(f) & 3
TOTAL EXPENSES
Net Incoming/(Outgoing)
Balances b/f
Balances c/f|**Restricted**
**Unrestricted**
**TOTAL**
**TOTAL**
**Funds**
**Funds**
**2025**
2024
**£**
**£**
**£**
£
**-**
**-**
**-**
-
**-**
9,042.00
9,042.00
5,463.00
**-**
31,020.00
31,020.0000
18,545.00
**-**
**-**
**-**
10,427.00
**4,300.00**
**4,300.00**
5,965.00|
||**-**
**44,362.00**
44,362.00
40,400.00|
||4,246.00
4,246.00
5,401.00
5,137.00
5,137.00
5,900.00
16,579.00
16,579.00
10,000.00
**-**
1,579.00
1,579.00
1,183.00
**-**
**700.00**
**700.00**
1,184.00
**-**
**675.00**
675.00
300.00
**-**
659.00
659.00
1,221.00
500.00
500.00
150.00
**-**
450.00
450.00
450.00
**-**
2,115.00
2,115.00
2,450.00
**-**
400.00
400.00
400.00
**-**
4,620.00
4,620.00
1,536.00
**-**
1,839.00
1,839.00
2,074.00
**-**
4,038.00
4,038.00
1,821.00
**-**
2,581.00
2,581.00
597.00
**-**
-|
||46,118.00
46,118.00
34,667.00
**-**
(1,756.00)
(1,756.00)
5,733.00|
||6,017.00
6,017.00
284.00
**4,261.00**
**4,261.00**
6,017.00|
7
## **SIMNET OUTREACH MINISTRIES**
## **BALANCE SHEET AS AT 31ST MARCH, 2025**
|**Notes**
**Fixed assets**
Tangible assets
1(f)& 3
**Current assets**
Debtors & Prepayment
2
Cash at Bank and in hand
Creditors: amount falling due
within one year
4
**Net current assets / Current liabilties**
**Total assets less current liabilites**
**Represented By:**
Restricted Funds
Unrestricted Funds
1B
Designated Funds
Total Charity Funds|**2025**
**2024**
**£**
**£**
**£**
**£**
4,309.00
4,309.00
-
-
4,261.00
6,017.00
4,261.00
6,017.00
(4,309.00)
(48.00)
(4,309.00)
(4,025.00)
4,261.00
284.00
-
-
4,261.00
284.00
4,261.00
284.00|**2025**
**2024**
**£**
**£**
**£**
**£**
4,309.00
4,309.00
-
-
4,261.00
6,017.00
4,261.00
6,017.00
(4,309.00)
(48.00)
(4,309.00)
(4,025.00)
4,261.00
284.00
-
-
4,261.00
284.00
4,261.00
284.00|
|---|---|---|
||||
|||284.00|
|||-
284.00|
|||284.00|
We certify that the annexed accounts are in accaordance with the records, information and explanations supplied by
Trustees and have our approval.
Signed by Order of the Board
## **APOSTLE SIMON ADEYINKA IDOWU**
**Date:** 28-Dec-24
8
## **SIMNET OUTREACH MINISTRIES**
## **Notes forming part of the financial statements for the year ended 31st March, 2025**
## **1. Accounting policies**
## **(a) Accounting convention**
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective March 2000). In preparing the financial statements the charity follows best practice as laid down in the Statement of Recommended Practice "Accounting and Reporting by Charities" (SORP 2005) effective October 2000.
## **(b) Fund Accounting**
Unrestricted funds are funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the Charity and which have not been designated for other purpose. Restricted funds are funds which have been given for particular purposes and projects.
## **( c ) Incoming resources**
All incoming resources are included in the financial statements when the Charity is legally entitled to the income and the income can be quantified with reasonable accuracy. Pledges are only recognised when the amount is certain.
## **(d) Resources expended**
Expenditure is accounted for on accrual basis and classified under the heading appropriate to the nature of the expenditure.
## **(f) Tangible fixed assets and depreciation**
Tangible fixed assets are depreciated on a straight-line basis over their estimated useful lives as follows:
|Equipments|25%|
|---|---|
|Furniture, Fixtures & Fittings|25%|
|Motor Vehicle|25%|
## **2. Current Assets**
|Debtors and Prepayments
Cash at Bank and in hand|**2025**
£
-
4,261.00
**4,261.00**|**2024**
£
-
6,017.00|
|---|---|---|
|||**6,017.00**|
9
## **SIMNET OUTREACH MINISTRIES**
## **Notes forming part of the financial statements (cont'd) for the year ended 31st March, 2025**
## **3. Tangible fixed assets**
|**Cost**
At 01 April, 2024
Additions
Disposals
At 31st March, 2025
**Depreciation**
At 01 April, 2024
Charge for the year
On disposals
At 31st March, 2025
**Net book value**
At 31st March, 2025
At 31st March, 2023|**Furniture &**
**Motor**
**Total**
**Equipments**
**Fittings**
**Vehicle**
**£**
**£**
**£**
**£**
15,632.00
475.00
8,100.00
24,207.00
-
-
-
-
0
0
0
0|
|---|---|
||15,632.00
475.00
8,100.00
24,207.00|
||11,323
475
8,100
19,116
0
0
0
391
0
0
0|
||11,323
475
8,100
19,507|
||4,309
0
0
4,309|
||4,309
0
0
4,309|
None of these assets were acquired under the terms of hire purchase.
## **4. CREDITORS: Amount falling due within one year**
|**Cost of Charitable Activities**
Independent Examiners fee
Other Creditors|**2025**
**2024**
400
400
3,909
3,909|
|---|---|
||4,309
4,309|
10