## THE COURAGE CENTRE COMPANY LIMITED BY GUARANTEE 

CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30™ JUNE 2025 

ee COMPANY NUMBER: 08212434 CHARITY NUMBER: 1149419 

THE COURAGE CENTRE Year ended 30" June 2025 

## TABLE OF CONTENTS 


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|Board|of|Trustees’|Report|...ccccsscscccscssssssssssssssssssssescscscssscsssessscscesesssescssssesesestscsceseresers|DL|
|Reference|and|Administrative|Details|..........cccsccsccssssssscsssssessescessssssseeseecssssssssseassessesseeees|4|
|Statement|of|Financial|Activities|........cccccccsccssssscsccssscssscssssssssesesssescssesseeersesesseseesseeseesees|D|
|Balanee|Sheel ssicunconcunsacovannenmeunnoninaannnlinmmeneamaarenmenne|
|Notes to the|Financial|Statement|...........c:cccccccsssssccsssseccsssssscsssssccstecscsstseesssesccsssesessstseseee|7|

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THE COURAGE CENTRE Year ended 30" June 2025 

## BOARD OF TRUSTEES’ REPORT 

The Trustees are pleased to present their report with unaudited financial statements for The Courage Centre (Company Registration No. 08212434, Charity Registration No. 1149419) for the year ended 30" June 2025. 

## Structure, Governance and Management 

## Organisational Structure 

The organisation is a charitable company limited by guarantee, incorporated September 2012 and registered as a Charity in October 2012. The Courage Centre is a member of Kingsway International Christian Centre (KICC). The Charity is governed by its Memorandum and Articles of Association. 

## Corporate Governance 

The Charity is governed by a board of trustees who have overall responsibility for overseeing the charity's strategy and operations. The Trustees meet formally as and when required to review the operations and monitor the financial position of the charity. 

## Management 

The day to day running of the church has been delegated to the resident Pastor, Mr Samuel Dagunduro, and a leadership team comprising of Ministers, Deacons and other persons that the Charity recognises as leaders of its church. 

The Leadership report regularly to the Trustees on their assessment of risks and how they are managed, enabling the Trustees to review key risks inherent in the charity, and the system of control necessary to manage such risks. 

## Objectives and Activities 

The main objective is the advancement of the Christian faith. The vision is to bring people to the knowledge of Christ and to fully equip them to live a Christian lifestyle. 

The Trustees regularly review activities to ensure they are in accordance with the aims and objectives of the charity as contained in the Charity Commission Guidance on the Advancement of Religion for the Public Benefit. 

The Pastors and Ministers look after the spiritual wellbeing of the members and conduct christening ceremonies, marriages and funerals. 

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THE COURAGE CENTRE 

All Courage Centre activities are available to Christians and non-Christians, members and non-members alike; there is no restriction to attendance. The wider community have mainly attended services celebrating traditional Christian festivals including Easter, Christmas and New-Year's Eve services. 

## Achievements and Performance 

The church has held regular meetings on Sundays and during the week, as well as through social media platforms. The church organised a family day during the summer which attracted members of the community. It was an opportunity for fellowship, interaction and evangelism within the community. 

Members received counselling and mentoring, and were educated in the principles and doctrines of the Christian faith. 

## Financial Review 

## Financial Performance 

The Charity recorded an operating surplus of £6,174 for the year. 

The total income this year was £43,560; and was made by members and organisations through tithes, offerings, and donations. Total expenditure in the year was £37,386. 

## Reserves Policy 

The church is working towards building its reserves. 

## Trustees Responsibilities Statement 

The Trustees (also directors of the Charity for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure of the charity. 

## ee 

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THE COURAGE CENTRE Year ended 30" June 2025 

ee 

Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity for that period. 

In preparing these financial statements, the Trustees are required to: 

- e select suitable accounting policies and then apply them consistently; e observe the methods and principles in the Charities Statement of Recommended Practice; 

- e make judgements and estimates that are reasonable and prudent; 

- e state whether applicable UK Accounting Standards have been followed, subject to any material departure disclosed and explained in the financial statements; and 

- e prepare financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. 

This Trustees Report is approved by the Trustees and is signed on its behalf by: 

Signed: O A Banwo fA7. Mr Olumuyiwa Banwo- Trustee 

Date: 10 January 2026 

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THE COURAGE CENTRE 

THE COURAGE CENTRE Year ended 30" June 2025 

_ 

## REFERENCE AND ADMINISTRATIVE DETAILS 

## Trustees and Advisers 

Founder, Visionary & Senior Pastor Reverend Matthew Ashimolowo 

Trustees 

Olawale Adebayo Olumuyiwa Banwo 

## Resident Pastor 

Samuel Dagunduro 

## Registered Address 

KICC Prayer City Buckmore Park Maidstone Road Chatham ME5 90G 

## Bankers 

Natwest Bank 501 Silbury Boulevard Milton Keynes MK9 3ER 

Company number - 08212434 Charity number — 1149419 

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THE COURAGE CENTRE Year ended 30" June 2025 

## STATEMENT OF FINANCIAL ACTIVITIES 

## THE COURAGE CENTRE COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 30 JUNE 2025 


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||||||||
|---|---|---|---|---|---|---|
|Unrestricted|Restricted|2024/25|2023/24|
|Note|Funds|Funds|Total|Funds|Total|Funds|
|£|£|£|£|
|INCOMING|RESOURCES|
|(Tithe,|offering and|other|income)|
|TOTAL INCOMING|RESOURCES|43,560|-|43,560|29,806|
|RESOURCES|EXPENDED|
|Charitable|activities|3|(36,116)|-|(36,116)|(31,735)|
|Grants to other charitable Causes/Orgns|4|(1,270)|-|(1,270)|(630)|
|eee|
|TOTAL RESOURCES EXPENDED|$<(37,386)|-|NS(37,386)|(32,365)2,365)|
|NET INCOMING|RESOURCES FOR THE YEAR|6,174|-|6,174|(2,559)|
|RECONCILIATION|OF|FUNDS|
|Total funds brought forward|10,567|-|10,567|13,126|
|TOTAL FUNDS CARRIED FORWARD|16,741|-|16,741|10,567|

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All income and expenditure derive from continuing activities. 

THE COURAGE CENTRE Year ended 30" June2025 as 

ee _ 

## BALANCE SHEET 

THE COURAGE CENTRE COMPANY LIMITED BY GUARANTEE BALANCE SHEET 30 June 2025 

|||Note|2024/2025||2023/2024|
|---|---|---|---|---|---|
|FIXED ASSETS|||£||£|
|Tangibleassets||5|3,361||5,195|
|CURRENTASSETS||||||
|Debtors||6|"||723|
|;<br>Cash atbankand in hand<br>CREDITORS:Amountfallingduewithinoneyear||7|13,380<br>13,380<br>.|pec|4,649<br>cereoa<br>5,372<br>:|
|NETCURRENTASSETS|||aan||72<br>ae|
|TOTALASSETSLESSCURRENTLIABILITIES|||16,741||aaa?|
|CREDITORS:Amountfallingdueaftermorethanoneyear|||”||-|
|NETASSETS||||||
||||16,741||10,567|
||||————|||
|FUNDS||||||
|Restrictedincomefunds||||||
|Unrestricted income funds|8<br>9||-<br>16,741||-<br>10,567|
|TOTAL FUNDS|||a|||
||||16,741||10,567|



The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies’ regime, 

## Signed: OA Banwo Banos Mr Olumuyiwa Banwo - Trustee 

T ; he notes on pages 7 to 10 form part ofthese financial statements. (a 

THE COURAGE CENTRE Year ended 30" June 2025 

a 

## NOTES TO THE FINANCIAL STATEMENTS 

## 1 Accounting Policies 

## Basis of Accounting 

The financial statements have been prepared in accordance with the second edition of the 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, and with the Charities Act 2011, and with Companies Act 2006. 

## Incoming Resources 

All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. 

## Fund Accounting 

Unrestricted funds can be used in accordance with charitable objectives at the discretion of the trustees. Restricted funds are funds which are to be used in accordance with specific instructions by donors. These funds have been set aside as reserves. 

## Resources Expended 

All expenditure is included in the Statement of Financial Activities on an accrual basis, inclusive of VAT which cannot be recovered. 

Resources expended have been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use or resources. 

Support costs are those costs incurred directly in support of expenditure on the objectives of the charity. 

## Tangible Fixed Assets 

Depreciation is calculated so as to write off the cost of an asset on a straight line basis over the useful economic life of the asset. All tangible asset costs have been written off. 

Plant & Equipment — 33.3% per annum Motor Vehicles — 33.3% per annum 

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THE COURAGE CENTRE Year ended 30" June 2025 

## Taxation 

The charity is exempt from tax on its charitable activities. 

## 2 Voluntary Income 

||Unrestricted|Restricted|aaa|eoon|
|---|---|---|---|---|
||£|£|£|£|
|Tithes& Offerings|43,560|-|43,560|29,806|
|Donations & Grants|-|-|-|:|
||43,560|-|43,560|29,806|
|Charitable Activities|||||
||30Jun|Jun 2025|30 Jun 2024||
|||£|£||
|Ministry||2,114|6,360||
|Welfare||1,000|-||
|Events||2,224|1,218||
|Transport||5,650|1,209||
|Support including rent||25,128|23,701||
|||36,116|32,489||



## 3 Charitable Activities 

## 4 Grants to other Charitable Causes/Organisations 

||||30Jun|Jun 2025|30Jun|2024|
|---|---|---|---|---|---|---|
|||||£|£||
|KICC|National|Forum||1,270||630|



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THE COURAGE CENTRE Year ended 30" June 2025 

## 5 Tangible Fixed Assets 

||Plant&||Motor/||
|---|---|---|---|---|
||Equipment||Vehicles|Total|
||£||£|£|
|Cost|||||
|as at 1 July2024||-|5,500|5,500|
|Additions||.|-|-|
|As at 30June 2025||-|5,500|5,500|
|Depreciation|||||
|as at 1 July 2024||-|305|305|
|Charge foryear||-|1,834|1,834|
|As at 30June 2025||-|2,139|2,139|
|Net BookValue|||||
|As at 30June 2025||-|3,361|3,361|
|Asat30June2024||-|5,195|5,195|



|6|Debtors||||
|---|---|---|---|---|
|||30Jun||30Jun|
|||2025||2024|
|||£||£|
||Prepayments||2|723|
||Other Debtors||-|-|
||||-|723|




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THE COURAGE CENTRE Year ended 30" June 2025 

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## 8 Restricted Income Funds 


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Balance at Incoming Outgoing Balance at<br>1 July 2024 Resources Resources 30 June 2025<br>£ £ £ £<br>Reserve 4 : 2 -<br>Unrestricted Income Funds<br>Balance at Incoming Outgoing Balance at<br>1 July 2024 Resources Resources 30 June 2025<br>£ £ £ £<br>General Funds 10,567 43,560 (37,386) 16,741<br>**----- End of picture text -----**<br>


## 9 Unrestricted Income Funds 

## 10 Staff Costs and Trustees' Remuneration 

No remuneration and expenses have been paid during the year to the Trustees. 

## 11 Staff numbers 

The Church does not employ any staff. All activity is carried out by volunteers. 

eee 

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