EMPOWERED COMMITTED CHRISTIAN MINISTERIES ANNUAL REPORT & FINANCIAL STATEMENTS YEAR ENDING 31 DECEMBER 2022 Registered Charity Number 1150253
EMPOWERED COMMITTED CHRISTIAN MINISTRIES FINANCIAL STATEMENTS YEAR ENDING 31 DECEMBER 2022 CONTENTS PAGES Officers and professional advisers Report of the trustees 3to7 Report of the Independent Examiner Statement of financial activities Balan sheet 10 Cash flows statement Notes to the financial statements 12to18 Pagè 1
EMPOWERED COMMirrED CHRISTIAN MINISTRIES OFFICERS AND PROFESSIONAL ADVISERS The Board of Trustees W. J. Baah (Chaimian) M. C. Lhotel-Nzelu D. Page M. Essiet Registered Office 13 Gifford Avenue Manchester M9 6JH Independent Examiner Edwige Fomo CGMA EFK & CO Consutting Ltd 132-134 Great Ancoats Manchester England M4 6DE Banker Natwest Bank PIC 60 Portland Street Manchester M14QT Page 2
EMPOWERED COMMirrED CHRISTIAN MINISTRIES REPORT OF THE TRUSTEES YEAR ENDING 31 DECEMBER 2022 The Trustees present thair repK)rt together Ihe finanual statements ofthe chaity for the ye81 ended 31 Decem11 2022. rhe finanu81 staternents have been ¥K8pa¥8d in accoFthn¢e 1th the accou1"ng poliues set out OH pages 12 to 13 and comF4y WTth the Charty's Trust Deed and apr.{xtdÈ law. Thesefinanaal statements comFty 7th the chanb.es Act 2011, the Attidès of Assoaaton, and Ac(x)unting and Reporting by Charthes." Statement of Recommended P¥aclice aprlicatle to Chanties pTeparing thwr accounts in accordance with the Financral ReporDng Stsndard5 apFli¢atrJe in thè UK and RepuNic of Irelarbd IFRS1021 (Charits"e$ SORP IFRS1021 and the Charibes Act 20111. OBJECTIVES AND ACTIVITIES The oty'ectives of ECCM are f the benefft ofthe wtAic. It exists to.. 1. To atharce the Christian faith in aco)Tdance the ststemenl of fath in 5uth ways and in such parts oflhe Un lfjngdorn or Ihè vA)rtd as the trustees from b.mè to time may think fft 2. To relieve heatth and financial hardship and to promotè and preserve Sound tM)dy and soul by the provision of funds, gooth or Sérvi of any kind. indudit¥J through the provi8ion of LY)unsdling and support in such parts of the united kingdorn 01 the world as the trustees frorn to b.me may Ihink fft 3. To advance educa"on in such Wdys and in such parts of thè Unrted King(kJm or the worfd as the trustees from time to time may tnkfiL ECCM Statement of Faith We beAieve &)d, the Father almtghty. creator of h&wen an(1 oarth. We believe in Jesus Christ His only Son, our Lord. Hè was conceived by the tA)wer ol the Hoty Split and d8 l)om ofthe Mary. We believe He 5uffefèd undèr Pontius late, was erucffied, (tied. and vos burièd loi our sirts. We eve H& descended to hell and rose again tsn th6 third day. We ble He ascended into heaven and is seated at the right hand of thè Father where He wll come again to judgo th6 living and the dead. W8 bdi•v• in the Hoty SriF4t and the Ho)y Church of God ¥wth the communion of th8 saints. the forgiveness of81r. the resuirdion clthe and the lrfe everfasb"ng. Aman. STRUCTURE, GOVERNANCE AND MANAGEMENT ECCM is a Charitse Trt COrtut&d ty a Tntst Deed. The chartty Ès g(Nemèd ty the Trustees listed on page 2. New Trustees are aFprAnted tp/ the 5"nY BO8 crf TTrJ8kn based on their exFeth and irNofvernent in furthering the rnissi and vison of the chaiity. The Board ofTrust8es has a variety ofexFertence indudrwj christ.an ministy, legal and mmerial business sknlL%. The Board B arthuntse to the Chanty Commission for the ul use of tharitstrA& and other putlic funth provided in a variety of fonn$. and fcy the &hievement of aFpropriate [lo[MCe stsndards in SeN1 delNery. The Board of Tre$S meets quarterfy to ovetsee the viwon aTrJ stratwes ofthe tha. wrth the growth of activities of the Trusi an ev8r4ncrèasirKJ level rf expeiise is required on a daY-tdaY basis and an established management team is in F4aceth is capaLle of mnningthe affaiTS ofthe Charity. Thetru8tees listed on pag8 2, arè in tharge of day-ttrday rnanagernent rnattets and are accountst4e to the trustees. They ar8 not paid by th charty. This is r8view8d annuaty and mi9ht change in ac¢oitsn(* ¥Mth average earnings and the charty's fvnds availae. Page3
EMPOWERED COMMITTED CHRISTIAN MINISTRIES REPORT OF THE TRUSTEES YEAR ENDING 31 DECEMBER 2022 STRUCTURE. GOVERNANCE AND MANAGEMENT(Continued) The Trustees rernan cx)mmrtted lo athanang the Chrisb"an fwth. Trustee Induction and Training There are no specrfic F¥)lic¢es and Proceduresforthe indUor(raInIng oftrustsÈs. Howevef. they are inducted according to individual requirernents. A copy of the Charit$ TfU8tDéed is 8uwAiÈd. Ong VTth the tharity& rdicies and pror£dures 8nd copies of iec8nt board meetng minutès and acunts. Indvidual Trustees. [9S7X"1"eS ar• negotialed all thetrtee8 $0 that their roles cornF4ernenl each 9th81. Tha Ttuste6s make stiatw'c based on thefinancial p)srts'on of the thur¢h. PUBLIC BENEFIT The Trustees have paid due regard to the Chaitty Commlgsion's gu¥Jance on pUl1C benefit in deel¢ng the activities undertaken ty the Chanty in the year. The Trustee5 are satsfied that the 1nforrnab.on wovided In the report and accounts meets the public benefit rèrM)rting fequirernents. ACHIEVEMENTS AND PERFORMANCE The ye8r 2022 wa5 a year of continued growth foi Empotred Cornmrited chttsb.an Miristries IECCMI. ECCM was preth)minanUy fows8d on S"Ity and ensuring COEth"nuous improvement in 811 aspécts of rts OFeratsorffj which included its charitatAe activ"&s, ycth emp)wermert( and strong communrty engagement To this end. ane aLve$ were cOndted to SUFPOrt the a¢"evement ofthe opera1ional goals. These were.. Supportfor deprived ry)rnmunits"e5 in Africa 2. Youth Conference Married an¢J &ntye Conference 4. Church Lea(ler8hip Symposium ECCM'6 defacto ao"vities were MainlDed as is. These %%ere'. Weekjy prayers 2. Sunday seryice 3. Counselling ECCM engaged in various communty SUFV)rt thities in ddivering Idief iterrts and rendering servi$ to vulneraLle church members and thè community at large. Th*e were.. Oistribution of food paicels 2. Support prayers Pagè4
EMPOWERED COMMirrED CHRISTIAN MINISTRIES REPORT OF THE TRUSTEES YEAR ENDING 31 DECEMBER 2022 ACHIEVEMENTS AND PERFORMANCE (Continued) Staff and volunteers DuriHg this year the charty KBid ft>r the seThices of some tse, such as mechanicsfor Vans repairs, A¢countsTrt for the bo0kkeeng aryj gift aid woceswng. Al other areas of the Chur{CharIty are essent"3lly filled by volunteers wthout whom the charity Could notfijnth'on. FINANCIAL REVIEW The Trustees have prepared the 8c¢ounb"ng polc#es for Ernpowere(I Committed Chrislan Ministlles in accordance w1h the r6quir&ments of th8 SORP and of best accounting practKe. Revlew of the year The Trustees arè FAeased tts report a period of strong financial grihvth. The Lseline income has g)ne up to £46.100 12021.. £37,254). The Costs went down lo £21,312 12021.. £23.4181 and were contained N%ithin budget due to strong financi management and good cost contrd. Income and Expenditure ECCM relies on voluntsry income as rts prinupal souice d fun(Srag. Totl donation and legacies, indu(thng Gift Aid, amounted lo £46,1l202l." £37.2541 Tithes received fiorn church members amounted to £13,19512021'. £10,980} which constitutes 29%12021.' 29°Al of all voluntsry income. Offerings & Pledge donations lincluding Grft dI totslled £30.50412021". £24,117) which accounts for an extra 66%12021". 65.hl of vduntary income. £2,400funding in this year for ThanksgNing is12021". £2,1371 ieprÈsènts 5Q/0121.. 6%) of vduntary ino)me. The costs of iatsing fijnds amounted to £1,7051221'. £1.6391. and the c08t# of fund genèrab.ng activites were £1,171 12021.. £1.492}. Govemance The £5CQ12021." £5001 'govèrnanee' costs indude the C asso(xated *ith independent examinab'on ofthe acwunls. Surplus The totsl ino)ming resources exceeded thè resources expended in the wriod £24,78812021' £13,836) and this is held as unrestricted funds. Balance Sheet The Balance She&l as at 31st D8cember 2022 Sfds strong ertsuring that thè chaiity has the assets required to deliver its commitments to the ¢ommunEty. Induded in Fixed assets are Motor Veh'des and PA systenB valw(t £8.126 (2021" £11.760). Page5
EMPOWERED COMMITTED CHRISTIAN MINISTRIES REPORT OF THE TRUSTEES YEAR ENDING 31 DECEMBER 2022 FINANCIAL REVIEW (Conlinued) Reserves policy The Trustee8 have 8doOed 8 reseTve$ policy which they ider aPPTOPfiate. to erK¥urÈ thè conlinuinu atility ol ECCM mèet its objècbves anfl 04gaI1on$. The policy also seèks to maintsin an acceptable tatio trts¥een the free reserves and the level of UnrestCted cash expendituTe. 'Free reserves. are fepresented ty the unrth.cted fund5 less the tsrvJiLle ftted assets. 'Unrestricted cash expendIre. r8wès8nts Ihè 018b"n9 costs forth• y•ar lass th• Chargg for depr8c4ation. The Charity (k)es not intend to accumulate stgnfficant reseNes Ixrt dgrxnds utM)n the ongoing SuPrt of donor8 to meet future wsts. In order to be prudent the ¢haIFty aim5 to reserve 2 Years of operatronal costs at any one 15rne.' this would cover the charrty in the èvènt of unfOr&n expenthjre. Risk policy The Trustees conduct an on-going review of major risks as part of its regular morutoring and reForting. Intemal nsks ale minimised by the imilamentation of procedures in regard to good practice child protection e5, firè safety and health and safety inspècbons where the Charty's activiles operate. Finanaa risks are nynimisèd by the imFlementation of procedures for the autria"oTr of al trans8clions on a iegular basr&. PLANS FOR FUTURE PERIODS We aim to build on our good VKrk and achievemènts of the wewous year. In 2023. we atm b) con801idate our efforts to foster our pre8en¢tr in ouc imrned'ate cornmunrty. Looking ahead In 2023 plans to continue lis strong focus on the bekjw areas.. Extend our charitabl8 acbvrhes to I1 cale atyj faciltbes ty thI1ng to such estat4ishments as deemed feaS1e by th8 trLBtees and ehurch leadersp. W& seekto move into our pèrmanent prernr6es to gNe us thè space y need to grow exFonentially. We seekto perform the fdlowng events for the year 2023- Women conference Men conference Loadership ConferenMarriage Conference Imwove our online ptesenee thiough soal and *LÉrte Page6
EMPOWERED COMMirrED CHRISTIAN MINISTRIES REPORT OF THE TRUSTEES YEAR ENDING 31 DECEMBER 2022 TRUSTEES. RESPONSIBILITIES Charity Law requires the tllJStees to prepare finanaal ststsments for eaL financial yeafwhich give a true and fair view the stste of affaiTS of the charity and of ts fjnanual adivfaes for that year together th its assets and liat4lities al the end of the yèar, adequately distinguishing any matellal, Speci tDJst or other re8th.cted fund of the charty. In tKepari those finan¢ial ststaments, the director8 are reqtllred to.. al select suitsNe aunting wliaes and then aptty them consv6tenVy". bl rnak6 judgments and esbmates that are ieasonaLlè and prudent., ¢1 state whether the poliii8s adokèd are in accordan 1th the appropriatè SORP on acwunling ty Charities and the Accounb"ng Regulatiorts and wEh awicatle ac¢ounling stsndarth sutyect to any material departur89 dkgclosed and explained in thè financial ststements,. and dl prèpare the finanual statements on the going C0M basis Ltnless it is inappropnate to assume that thè ¢harity wll conthnue in its ath"wb"es. The trustees are respongtrje for keerlng proper a(thunting recordsl¢h thsdose reasonalA accuracy at any time the finanual p)srtion ofthe charity and to enatAe thém to Èrtsure thatthe financial staternents comtty with thè Ststèm8nts of Recommended Practice and the re9ulat.olls rnade undef seclion of the charib.es Act 2011. They are also TesponwNe for safeguarth'ng the assets of the chaTrty hence for tsing aSonaLe steps for the provèrtt.on and dètacb.on of fraud and irregvlarrb8s. The truth l)avo thè powerto inv8stin such Assets as they See fit D3tè_... Trustee_. Narne of Trustee......................................................... RELATED PARTIES A summary oftrartsa¢tiorts wth related part is set oul in note 14 rfthe finanryal ststements. The Trustees dedafè that thèy have approved the trustees, reFrt at)ve Signed on behdl of the clrIty'S Trlee$ &gn Iliams. J. Beah (chainan) Dats.. 15th June 2023 Page7
EMPOWERED COMMITTED CHRISTIAN MINISTRIES INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ECCM YEAR ENDING 31 DECEMBER 2022 I report on the accounts ofihe tharity for the year ended 31 Decém1 3)22 vknich are set out on paLses 9 to 18 RESPECTIVE RESPONSIBILITIES OF THE TrUSTEES AND THE EXAMINER The charty's trustèes are resp)nsIe for the weparth.on of the acttjunts. The charity's trustees consider that an audt is not required for this yeaT under 8e¢b'on 144121 ofthe Chariti&s ACE 2011 (the 2011 Adl and that an ind•wdent examination 1$ needed. It 18 my resFQnWtx"Iity to". sxaminè accounts under section 145 ofthe 2011 kt to follow the [xedureS lad dtswn in the general Direcions gNen by the Charrty Commission luTrJer section 1451Sllbl of the 2011 Ac( and to state vthethèr parbcular matters have cxjme to my attention. BASIS OF INDEPENDENT EXAMINER'S STATEMENT My examination w&8 (rriÈd out in actordancev+ith general Direc"ons gvèn ty the Charity Comrr05sion. An examination indudes a rewew of tre accounting reo)rds kept by the tharity and a comn80n of the accounts piesented wth those records. It also includes co1lderatiOn of any Unusu items or dBd05ures in the acctsunts. and seeking exF4anation8 from you as the tru8tee8 ¢on(rning any svch matters. The pro¢odurès undertaken do not provide all the evidence that would be iequiied in an aud¢ and consequenty no op.nion is given as lo whelhtrr thè acwunts present a Irue and fail. view and thè report r& limrted to thr6e matter5 Sèt osjt in the ststement bdow INDEPENDENT EXAMINER'S STATEMENT I confirm that l arn qualffied to undertake the examination tCa l am a memtrr ot ACIE. In o)nnection wfth my exarninth'on. no malter has corne to my 8ttenffi"on.' 1. which oives mè tsasonat4e ¢au8e to believa that in. any material res¢[ the requirements.. to keep accounb.ng reco¥ds in accordan %%ith 8ecb.on 1>) ofthe 2011 Act and to pi&pare accounts which accordthith the accounting Fectsrds and comFly wth the acctsunb.ng requiremerfts of the 2011 Act have not been meL or 2. to which. In my op"nion, attention should dfawn in orderto enatle a proFer under8tsnth.ng ofthe accx)unts to be reached. Date '. 16° June 2023 Edwryge Fomo CGMA Independent Examiner EFK & CO Consulting Ltd 132-134 Great Ancoats Manchester England M46DE Page8
EMPOWERED COMMITTED CHRISTIAN MINISTRIES STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING AN INCOME AND EXPENDITURE ACCOUNT) YEAR ENDING 31 DECEMBER 2022 Tclal Furnjs 2022 21Y21 INCOMI RESOURCES kncoming resources from geneTkn"ng Iwbts.. ga¢S hsrTradw i0 TOTAL INCOMING RESOURCES ,1Crf) 46,1(X) 37.254 46.11J) 46.1 37,254 RESOURCES EXPENEED 9,812 20,812 .918 Goveman¢è Costs TOTAL RESOURCES EXPENDED 21.312 21.312 YJ,418 IETIOUTGOlIOmINts RESOURCES BEFORE TRANSFEPS 24,M 13. TRANSFERS oss T Anslert¢trft Fwd5 NET MOVEMENT IN FLINLK8 Total FuThJs Brow For1 TOTAL FUNDS CARR0 FORWARD 24,7&9 13,836 81.n3 95,$59 120.347 120,347 The ¢harty has no recognised gnS or losses other than the rèsults for the year aB sel aLvJve. Page9
EMPOWERED COMMirrED CHRISTIAN MINISTRIES STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2022 ECCM ECCM 2022 2021 Note FIXED A88ET8 Tangible fixed assets 8.126 8.126 11.761 11.761 CURRENT ASSETS Debtors 10 9.190 113.115 122.305 8.040 88.833 96,673 Cash at bank and in hand 11 CREDITORS: Amounts talllng due within one year 12 500 NET CURRENT ASSETS 121,806 96.173 TOTAL ASSETS LESS CURRENT LIA81LmES 129.931 107,934 CREDITORS: Amounts falling due after more than one year 13 9.584 12,375 NET ASSETS 120,347 95.559 FUNDS OF THE CHARrrY Restricted Incofllè Funds 14a Unrestricted Inco Funds 14b 120.347 95,559 120,347 95.559 These finanud st8tÈments were approved ty the trustees on 1P June 2023 and signed on th•ir behalf by.. W. J. Beah ................. Trustee M. Essiet............. ... TEUStee Page10
EMPOWERED COMMirrED CHRISTIAN MINISTRIES CASH FLOWS STATEMENT YEAR ENDING 31 DECEMBER 2022 2022 2021 Cash Ilows from oyratlng actlvlllo$ Net ¢ash SInI 24.788 13,836 Adjustments to cash from nonll¢*sh li•ms Depreaation 3,834 28,422 3,357 17,193 Working ¢apltal adjustments De¢rÈasellincreasel in sto¢ks De¢reasel{incTeasel In debtors In¢reasellDecreastrl In credrtOTS {1,1501 75 12501 Nel cash from operating acbvities 27,272 17,018 Cash flows from InVesn¥ actlvltles Interest received from savifigs Purchase of tangible Assets Net cash fltrS from investing adNth"es {8.3141 18,3141 Cash flows from flnan¢lng a¢tlvttbs Addtbon of Loan during the pemd {2.7901 12,375 Net cash flow5 from financing artmbes 12,7901 12,375 Net IdecreaseWincre8se in cash and cash aqUNalents C85h and cash equNalents at 1 January 24,482 21.079 88.633 87,554 Cash and cash equivalents at 31 Decerrber 113,115 88.633 Page11
EMPOWERED COMMirrED CHRISTIAN MINISTRIES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDING 31 DECEMBER 2022 ACCOUNTING POLICIES Statement of Compllan¢e The finanoa statements have been prepared in accx)rtrance FRS 102. Yhe FinancTal ReFX)rbng Standard apF4icable in the UK and the RepU1C of Ireland., the Statement of Recomrnended Prac1ice applicatrle to charities preparing their 8ccounts in aco)rd8nce bvilh the Finanual repvjrb.ng Stsndaid appSicakJe in the UK and Reput4ic of Ireland IFRS 1021 Icharities SORP IFRS 10211 and the Chariti'es Act 2011. Incoming Resource5 Donations & Legaci6S Donati5 and gifts are generally only regnised %then received ty or on bÈhaLf of thè charity. In eXptIOnal cases where an amount is significant, gfts are recognBed as income then thè charity i8 notfied of a commitment to make a donab.on an¢J the trustees are virtualty certain Ihey will receive the resouices and tt)e monetary vajue Can be rne88ured with sufficaent Teliatility. Income lax Income tax recoveratle on gift aid dona"otts is r8eognised on a receNatle ba Grants Grants to the tharity are accountedfor as sooll as charity B notified of legal entrlèment and the amount due. Income frorn chant8bl8 8ctivKff&s l income from events and activitie8 is eInised when dLbe. Income frn fundgerffjrafing tivftS Income raised by speual fund iaising events. and Ira¢ng aclivib.es ale accounted foi in thè lIOd in which the charity is èntided to rept. Resources Expended Resources expended are indudèd in Ihe Statement of Finan(xat Activits"es on an ac¢rua15 basis. Direct Ch8rts8b18 Exndftre Directly attributable expendture has been afiocated to the appropriate lund there costs have bsèn shared the expenditure has been dlocated to ftJn(Is on the baS of thwr 8sts"mat8d nSUmj0n of expenses. Govemance These costs include the costs of govemance arrangemènts which relate to the uenèral running of the (at(ty as opposed to thè diraLt managementfunctions Ènharèntin generating ftjnth and in ctharitatAe athrties. This includes such items a8 Independent examinab"on. legal athe for trusteès and C( associated ith conyitubonal antl statutory requirernents. induding trusteè's meetings. Volunte8rs and donated serviets and fxilities The value of services provided by volunteers is not in¢orpoEated into these fingncid staternents. Fixed Assets Tangble fixed assets for use by the tharity are caFitalised rfthey ean be used for more one year, and cost at least £500. They are vaued al cost or rf grfted, atthe yUt to the charity (>n weipt Depreaation 18 caleulated on the ¢>)sts or valuation of the assets at thè rate of 25%12021." 25%) using the straight line method. Pag812
EMPOWERED COMMITTED CHRISTIAN MINISTRIES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDING 31 DECEMBER 2022 1.ACCOUNTING POUCIES (Continued) Currènt Assets Amounts ovAng to the eharity at 31 December 2022 rèsFCtof income arè shown as debtots less provision foT amounts that may prove uncollsctatrAe. Funds Funth hdd ty the charity are wther. UnreslrFd•d general fvnds These are funds that ean be used in accordance ilh the charitatAe ot¥"&ts at Ihe ds¢ret"on of thè trustees. Restrided fvrKIs These are funds that (an onty used for particular Feslricted puwes wsihin the objects of the charty Re$lrithons arise when speufied by the donor oi en ftJn( ore raised fof parttcular restricted purw)$8s. FurtheT explanation ofthe nura and purp)sè of each fijnd 18 induded in the notes lo the finanaal statem8nts. Page13
EMPOWERED COMMirrED CHRISTIAN MINISTRIES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDING 31 DECEMBER 2022 INCOMING RESOURCES Total Total FL$ 2022 2a f)nalK?ns kgxh?s Offeriws & P9& (5onkn ThanksgNing Tithes recer48d Tax Reftjnd 19, 19,684 19,787 2,137 10. 13.195 10,821 46.1(N) 13,195 10,821 46.100 37,254 2b OtherTr•aing Incom• Trading Sajes TOTAL INCOMflG RESOURCES 46,1 46,100 37.254 Many volunte8ts give fredy oftheir kn.me in the see of our Lord for the charity. the valuè ofwhich is unquants.fiae. 3.COSTS OF CHARITA8LE ACTIVITIES BY FUND TYPE Unre8titted Funds Rèstricted Tot#1 Total Fund8 2022 2021 21.312 21,312 21.312 21,312 Z3,418 23.418 Costs of Oirect Cfaritabk 4.COSTS OF CHARITABLE ACTIVITIES BY ACTIVIIY TYPE Support Costs Undertaken Total Direety 2022 2021 Costs of Gerwatlro Vok•aryIrm8 CostsofFLThS Gr8br¥ Costs OfctrÉritsb ArlMb95 t.117 1,705 1,492 18,118 21.312 514 1.171 6247 11.&39 7.349 13,963 23,418 Page14
EMPOWERED COMMITTED CHRISTIAN MINISTRIES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDING 31 DECEMBER 2022 5.COSTS OF CHARITABLE ACTIVITIES BY HEADINGS Unrestricted Re8tri¢ted Total Total Funds Funds 2022 2021 Premises ¢o$ts 2414 2,414 soo 1282 AlIt & AccoulaTwlees Admiristrah"onaThl ItsLrarre costs 1.415 1.415 245 2.697 Everts Costs 245 Depr8cHbon Costs Rent Costs 3.634 3.634 8.400 2,900 520 3.357 8.4CQ P8StorAknarte Tiife5 paid o VeC costs 53J 298 451 Sthcortractors 987 2522 21.312 21.312 23,418 6.GOVERNANCE unrestn.cted Total Total FUTh 2022 21Y21 Independent eXalner¥ fee 5( 500 7.NET OUTGOING RESOURCES FOR THE YEAR Total Total Thi3 is 8tated aftèr charging 2022 2021 Indèpendant exaInerfS fee Depreciation of owned assets 61X* 3.357 Page15
EMPOWERED COMMITTED CHRISTIAN MINISTRIES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDING 31 DECEMBER 2022 INFORMATION REGARDING TRUSTEES AND EMPLOYEES The charty tru8tees weie Th)t paid or rece¢ved any othei benefits ffom employrnent ¥Mth the Trust in the year12022." £nill neither were they reimbursed expenses during the ye8r12021.' £nill. The key management personnel of theTrusL comprise the truste. and senior management team. The b)tsl emoyee beneffts of the senior management personnel of the Trust weie £n111221." £nill. FIXED ASSETS 2022 T(al Cost at 1 Decantjer 2022 18,170 18.170 AddOnS Dtsposals at 31 Dèeerrber 2022 18.170 18.170 Depreciation at 1 Deeember 2022 6.410 3,634 6,410 3,634 Cherge for year Otspo$81s at 31 Decener 2022 10.044 10,044 Net BookValu• at31 DgG¢rnb•r2022 8,126 8.126 at31 De¢¢mber 2021 11,761 11.761 10. DEBTORS 2022 21 crued ineon 5.950 3340 9.190 5,000 3.040 8.040 Other Debtors 11. CASH ATBANK & IN HAND 2022 2021 Current Account 113.115 113.116 88,633 88,833 Page16
EMPOWERED COMMITTED CHRISTIAN MINISTRIES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDING 31 DECEMBER 2022 12. CREDITORS: Amounts falling due within one year 2022 2021 PLeruals and d8f8Trèd incorr soo 600 500 The bank loan and other loans. Cre(*t Cards & Overdrafts are seLured a fixed and loating charg8 over all the assets oflhe tharity. 13. CREDITORS: Amounts falling due After one year 2022 2021 Bank loans 9,S84 12,375 12,375 14. RELATED PARTY TRANSACTIONS During the year. the trust ld a total of £2.9t0 pastor J Beah as allowance121X21' £nill 15. RECONCILIATION OF MOVEMENTS IN FUNDS Transfers Balan¢% * M¢v•m•nt in Resour¢o$ knttsnlng Outgoing Befyveen Balance at 31-Dec-21 Funds 314)ec-22 14a. R•stricted Funds National Lottèry Grant 14b. Unrtrstricted Funds Gener81 Fund Designated Fund 95,559 46.11)0 121.3121 120.347 95,559 46.100 121,3121 120,347 16. ANALYSIS OF NET ASSETS BY FUND Tangible Fixed Net Current Cr¢dOtors Assetsl (Liabililiesl Due after A$$ets One Year TOTAL Restricted Funds UnrestrKtsd Funds 8,126 8,126 112,221 112.1 120,347 120.347 Pagè17
EMPOWERED COMMirrED CHRISTIAN MINISTRIES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDING 31 DECEMBER 2022 17. OPERATING LEASE COMMITMENTS Lands and Building Lease v4hich expires within one >ar 8,400 8.400 18. CONTINGENCIES The Trustees have confiméd that there were no contingent liatrA"1.es vA)ich should disdosed on 31 December 2022. 19. GOING CONCERN The Trustees ¢oridef thatthere are r¢0 material uncertainties about the Twsfs aiN"lity to conb.nue as a g(4ng concern. Page18