EMPOWERED COMMITTED CHRISTIAN MINISTERIES ANNUAL REPORT & FINANCIAL STATEMENTS YEAR ENDING 31 DECEMBER 2024 Registered Charity Number 1150253
EMPOWERED COMMITTED CHRISTIAN MINISTRIES FINANCIAL STATEMENTS YEAR ENDING 31 DECEMBER 2024 CONTENTS PAGES OffirS and professional advisers Report of the trustees 3to7 Report of the Independent Examiner Statement of financial activities Balance sheet 10 Cash flows statement 11 Notes to the financial statements 12to18 Page 1
EMPOWERED COMMITTED CHRISTIAN MINISTRIES OFFICERS AND PROFESSIONAL ADVISERS The Board of Trustees W. J. Beah (Chairman) M. C. Lhotel-Nzelu M. Essiet Registered Office 13 Gifford Avenue Manchester Mg 6JH Independent Examiner Edwige Fomo CGMA EFK & CO Consulting Ltd 132-134 Great Ancoats Manchester England M4 6DE Banker Natwest Bank PIC 60 Portland Street Manchester M14QT Page 2
EMPOWERED COMMITTED CHRISTIAN MINISTRIES REPORT OF THE TRUSTEES YEAR ENDING 31 DECEMBER 2024 The Tru5tee5 present their report together with the financial statements of the charity for the year ended 31 December 2024. The financial ststements have been prepared in accordance with Ihe accounting policies set out on pages 12 to 13 and comply wrth the Charity's Trust Deed and applic3ble law. These finanoal statements complywith the CharrtiesAct2011, the Articles ofAssociation, and Accounting and Reporbng by Charitie5: Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland IFRS1021 (Charitses SORP IFRS1021 and the Charifr'es Act 2011). OBJECTIVES AND ACTIVITIES The objectives of ECCM are for the benefft ofthe public. It exists to.. 1. To advance the Chrisb'an faith in accordance with the statement of faith in such ways and in such parts of the United Kingdom or the world as the trustees from time to time maythinkfrt 2. To relieve health and finanoal hardship and to promote and preserve Sound bo(ty and soul by the provision of funds, goods or services of any kind, including through the provision of counselling and support in such parts of the united kingdom or the world as the trustees from t.me to t'me may Ihink fit 3. To advance education in such ways and in such parts of the Unrted lQngdom or the wodd as the trustees from t'me to time may thinkfit. ECCM Statement of Faith We believe in God. the Father almighty. creator of heaven and earth. We believe in Jesus Christ. His only Son, our Lord. He was conceived by the power ofthe Hoty Spirit and was born of the virgin Mary. We believe He suffered under Pontius Pilate, was Crucified, died, and was buried for our sins. We believe He descended to hell and rose again on the third day. We believe He ascended into heaven and rs seated at the right hand of the Father where He wrll come again to judge the living and the dead. We believe in the Hoty Spirit and the Holy Church of God with the communion of the saints, the forgiveness of sins, the resurrection of the body. and the lrfe evedasting. Amen. STRUCTURE, GOVERNANCE AND MANAGEMENT ECCM is a Charitable Trust ¢onstituted by a Trust Deed. The charity is governed by the Trustees listed on page 2. New Trustees are appointed by Ihe existing Board of Trustees based on their expertise and involvement in furlhering Ihe mission and vision of Ihe charity. The Board of Trustees has a variety of experience induding Christian ministy. legal and commercial business skills. The Board is accountable to the Charity Commisgon for the carefijl use of charitable and olher public funds provided in a variety of forms, and for the achievement of appropriate perfOrmCe standards in serVe delivery. The Board of Trustses meets quarterty to oversee the vision and strateges of the chartty. With the growlh of activit'es of the Trust. an ever-increasing level of expertise is required on a day-to-day basis and an estsblished rnanagementteam is in pl&e that 15eapable ofrunningthe affairs of the Charity. The trustees listed on page are in charge of the day-to-day management matters and are xcountable to the trustees. They are not paid by the charity. This is reviewed annudty and might change in aCCordce with average earnings and the charity's funds available. Page3
EMPOWERED COMMITTED CHRISTIAN MINISTRIES REPORT OF THE TRUSTEES YEAR ENDING 31 DECEMBER 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT (Continued) The Trustees remain committed to advanang the Christian fath. Trustee Induction and Training There are no specific policies and procedures for the induth"onltraining oftrustees. However, they are inducted according to individual requirements. A copy of the Charty's Trust Deed is Supplied, along with the charity's policies and procedures and copies of recent board meeting minutes and accounts. Individual Trustees. role51responsibilities are negotsated with ail the trustees so that their roles complement each other. The Trustees make strategic decisions based on the financial position of the church. PUBLIC BENEFIT The Trustee5 have paid due regard to the ChaTity Commission's widance on publi¢ benefit in deciding the activities undertaken by the Charity in the year. The Trustees are satisfied that the information provided in the report and accounts meets the public beneffit reporting requirements. ACHIEVEMENTS AND PERFORMANCE The year 2023 was a year of continued growth for Empowered Committed Christian Minislries IECCM}. ECCM was predominantly focused on stability and ensuring continuous improvement in all aspect5 of rf(s operations which included its charitable activities. youth empowerment. and strong ¢ommunty engagement. To this end, planned activitses were conducted to support the achievement ofthe operational goals. These were.. Support for deprived comrwntbes in Africa 2. Youth Empowerment Program 3. Relatsonship Counselling 4. Church Leadership Conference 5. Ordination of Bishop, Pastors, Ministers and Evangelists ECCM'S defacto activilies were maintained as is. These were: Weeldy prayers 2. Sunday service Counselling ECCM engaged in various communty support xtivities in delivering relief itsms and rendering service5 to vulnerable church Members and the community at large. These were. Distribut"on of food parcels Support prayers Page4
EMPOWERED COMMITTED CHRISTIAN MINISTRIES REPORT OF THE TRUSTEES YEAR ENDING 31 DECEMBER 2024 ACHIEVEMENTS AND PERFORMANCE (Continued) Staff And volunteers During this year the chanty paid for the services of some people. such as mechanics for Vans repairs. Accountant for the bookkeeping and gnl aid processing. All other areas of the Churchleharity are essentially filled by volunteers without whom the charity could not function. FINANCIAL REVIEW The Trustees have prepared the accounting policies for Empowered Committed Chnsb'an Ministries in accordance wilh the requirements of the SORP and of best xcount'ng prxtice. Review of the year The Trustees are pleased to report a period of strong financial growth. The baseline income has gone up to £43,840 12023. £55.9901. The ¢osts went down to £34,501 (2023.. £35.342) and were contsined within budget due to strong financial management and good cost control. Income and Expenditure ECCM relies on voluntary income as its principal source of funding. Total donation and legacies. in¢luding Gift Aid. amounted to £43,84012023.' £55.990} Tithes received from church member5 amounted to £6.094 12023: £8.3881 which constibjtes 14% {2023.' 15%} of all voluntary in¢ome', Offerings & Pledge donations (including Gift Aid) totslled £23.17912023- £31.7521 which accounts for an extra 49Dh12023'. 570A) of voluntary income.. £3,252 funding in this year for ThanksgNing is12023-. £7.4601 represents 7% (2023: 13%) ofvoluntary income. gifts & donations pad into the Church bank accounts £14.56812023.'8,3881. The costs of raising funds amountsd to £2.709 {23.. £4,544), and the costs of fund generating activities were £3.600 12023.. £3.852). Governance The £600 (2023: £600) 'g0veman. Gosts indude the costs associated with independent examination of the accounts. Surplus The total incoming resources exceeded the resources expended in the period by £12,592 {2023= £20,648} and this is held as unrestricted funds. Balance Sheet The Balance Sheet as at 31st December 2024 was strong ensuring that the charity has the assets required to deliver its commitments to the community. Included in Fixed ets are Motor Vehicles and PA syste valued £30.298 (2023: £37.881). Page5
EMPOWERED COMMITTED CHRISTIAN MINISTRIES REPORT OF THE TRUSTEES YEAR ENDING 31 DECEMBER 2024 FINANCIAL REVIEW (Continued) Reserves policy The Trustees have adopted a reserve5 policy which they consider appropriate. to ensure the conb'nuing ability of ECCM meet its objeth.ves and obligations. The policy also seeks to maintsin an acceptsble rabo beeen the free reserves and the level of unrestricted cash expenditure_ 'Free reserves. are represented by the unrestricted funds less the tsngible fixed a55els. 'Unrestricted cash expenditure. represents the operattng costs for the year less the ¢harge for depreciation. The Charity does not intend to ac¢umulate significant reserves but depends upon the ongoing support of its donors to meet future costs. In order to be prudent the charity aims to reserve 2 Years of operational costs at any one time,. this would cover the charity in the event of unforeseen expendf(ure. Risk policy The Trustees ¢onduct an on-going review of major risks as part of its regular monitoring and reporting. Intemal risks are minimised by the implementation of procedures in regard to good practice child proteclton policies. fire safety and health and safety inspections ere the Charity's activitie5 operate. Financial risks are minimised by the implementstion of procedures for the authorisation of all transactions on a regular basi5. PLANS FOR FUTURE PERIODS We aim to build on our good work and achievements of the previous year. In 2025. we aim to ¢onsolidate our efftirts to foster our presence in our immediate community- Looking ahead In 2025 plans to continue its Strong f¢xus on the followng areas" Extend our charitable activities to lo¢al care need5 and f&ilities by donating to such establishments as deemed feasible by the trustees and church leadership. We seek to move into our permanent premises to give us the space we need to grow exponentially. We seek to perform the following events for the year 2025.. Women conference Men conference 3. Leadership Conference Marriage Conference 5. Improve our online presence through social neorkS *d website Page6
EMPOWERED COMMITTED CHRISTIAN MINISTRIES REPORT OF THE TRUSTEES YEAR ENDING 31 DECEMBER 2024 TRUSTEES, RESPONSIBILITIES Charity Law require5 the trustees to prepare financial ststements for eac** ffinan¢ial year which give a true and fair view of the state of affairs of the charfty and of its finClaI activitie5 for that year together with its aets and liabilities at the end of the year, adeqtjately distinguishing any material, special trust or other restricted hjnd of the charity. In preparing those financial statements. the directors are required to.. a) select suitable accounting poli¢ies and then apply them conststendy- bl make judgments and estsmates that are reasonable and prudent c} state whether the poli¢ies adopted are in accordance with the appropriate SORP on &count'ng by Charities and the Accounting Regulab'ons and with applicable accounb.ng standards subject to any material departures disclosed and explained in the financial statements-, and dl prepare the fjnancial statements on Ihe going concem basis unless it is inappropriate to assume that Ihe charity will continue in its activit"es. The trustees are responsible for keeping proper accounting records which disclose with reasonable aceuraey at any time the financial position ofthe charty and to enable them to ensure that the financial statements comply with the Statements of Recommended Practice and the regulations made under section of the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for tsking reasonable steps for the prevention and detection of fraud and irregularib'es. The tnjstees have the power to invest in such Assets as they see fit Trustee........... Name ofTrustee..... RELATED PARTIES A summary of transactions with related parties is set out in note 14 of the financial statements. The Trustees dedare that they have approved the tnJstees' report above Signed on behalf of the chartty's Trustees Signed by Williams. J. Beah (Chairman) Date '. 051b August 2025 Page7
EMPOWERED COMMITTED CHRISTIAN MINISTRIES INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ECCM YEAR ENDING 31 DECEMBER 2024 I report on the accounts of the charity for the year ended 31 December 2024 which are set out on pages 9 to 18 RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND THE EXAMINER The charty's trustees are responsible for the preparation of the accounts. The charty's trustees consider that an audit is not required for this year under section 144121 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibiltty to= examine the accounts under section 145 ofthe 2011 Act. to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145{5)(b) ofthe 2011 Art and to state whether parficular matters have come to my attention. BASIS OF INDEPENDENT EXAMINER'S STATEMENT My examination was carried out in accordance with general Dirertions gNen by the Charity Commission. An examinab.on includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also include5 consideration of any unusual itsms or disclosures in Ihe accounts. and seeking explanations from you as the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a Irue and fair. view and the report is lirrited to those matters set out in the statement below INDEPENDENT EXAMINER'S STATEMENT I confinn that l am qualified to undertake the examinab.on because l am a member of ACIE. In connection with my examination, no matter has come to my attention" 1. which gives me aSOnable cause to believe that in. any material respect the requirements: to keep accounting re¢ords in a¢cordance wth section 130 of the 2011 Act; and to prepare accounts which accord wilh the accounting records and comply with the accounting requirements of the 2011 Act have not been met. or 2. to which, in my opinion. attention should be drawn in order to enable a proper understanding of the accounts to be reached. Date '. 06th August 2025 Edwige Fomo CGMA Independent Examiner EFK & CO Consulbng Ltd 132-134 Great Ancoats Manchester England M4 60E Page8
EMPOWERED COMMITTED CHRISTIAN MINISTRIES STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING AN INCOME AND EXPENDITURE ACCOUNT) YEAR ENDING 31 DECEMBER 2025 Lknreshcteil RestncL%l Total Fund5 Funds 2024 2023 INCOMING RESOURCES Incorning resources from Wating fi$". oan$ and legac TOTIL INCOMING RESOURCES 43,840 43.840 55,9go 55,990 RESOURCES EXPENDED Ch8ritsbleh£tiwti'es 33.901 34.742 &)naeCOSts 600 TOTPL RESOURCES EXPENDED 34.501 34,51M 35,342 NETIOUTGOINGlnNCOMING RESOURCES BEFORE TRPASFERS 9340 9YO 2D,64B TRAsFERs Gr05s Transfer teknEen FuTrJs NET MOWEMENT IN FUNDS 9,340 140.995 150.335 9,340 140,995 150,335 20.648 120.347 140,995 Tota Funds Brcwhl Forward TOTPL FUNDS CIRRIED FORWIRD The charity has no recognised gains or losses other than the results for the year as set out above. Page9
EMPOWERED COMMITTED CHRISTIAN MINISTRIES STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2024 ECCM ECCM 2024 2023 M)te FIXED ASSETS Tangible fixed assets 30.298 30,298 37,881 37,881 CURRENT ASSETS Debtors Cash at bank and in hand 10 9,000 116.207 125,207 11 102.511 110.511 CREDITORS: knunts falling due within one Jpar 12 1,300 600 NET CURRENT PSSETS 123,907 109.911 TOThL ASSETS LESS CURRENT LIABILITIES 154,205 147,792 CREDITORS: AUnts falllng due after mre than one year 13 3.870 6,797 NET ASSETS 150,335 140,995 FUNDS OF THE CHARrrY Restricted Income Funds Unrestricted Income Fund5 15a 15b 150.335 140,995 150.335 140.995 These financial statements were approved by the trustees on OP August 2024 and signed on their behalf by: W. J. Beah....... . Trustee M. Essiet...... . Trustee Page10
EMPOWERED COMMITTED CHRISTIAN MINISTRIES CASH FLOWS STATEMENT YEAR ENDING 31 DECEMBER 2024 2024 2023 Cash flows from operating aclivities Net cash spenl 9,340 20.648 ljustn*nts to cash from non-cash iten Depreciation (Profft) on disposals of Fixed Assets 10,353 (2,550) 17.143 8,084 (2,800) 25,932 Working capital adjustrrEnts Decreasellincreasel in stocks Decreasellincrease) in debtors Increasel(Decrease) in creditors (1,0(M)) 700 1,190 100 Net cash flows from operating actimlies 16,843 27.222 Cash flov45 from Investlng activfties Interest received from samngs Purchase of tsngible fixed Assets Net cash flows from investing actNities (220) (220) (35,0401 {35.040} Cash flows from financing activities Addrtion of Loan during the period (2,&n (2,786) Nel cash flows from financing activities (2.927) (2.7861 Net (decrease)fincrease in cash and cash equwalents 13.695 (10.604) Cash and cash equwalents at 1 January 102.511 113,115 Cash and cash equtvalents at 31 December 116.206 102,511 Page11
EMPOWERED COMMITTED CHRISTIAN MINISTRIES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDING 31 DECEMBER 2024 ACCOUNTING POLICIES statement of Compllance The financial statements have been prepared in accordance with FRS 102, "The FinanLiai Reporting Standard applicable in the UK and the Republic of Ireland". the Slalemenl of Recommended Practi applicable lo charities preparing their accounts in accordance with Ihe Financial reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP IFRS 102}l and the CharÉiies Act 2011. Incoming Resource5 Donations & Legacies Donations and gifts are generally only recognised when received by or on behaEf of the charity. In exceptiona cases where an amount is significan( gifts are recognised a5 income when the charity is notbfied of a commrtment to make a donation and the trustees are virtually certain they will receive Ihe resources and the monetary value can be measured with sufficient reliability. Income tax Income tax recoverable on gift aid donations is recogntsed on a receNable basis. Grants Grants to the charity are accounted for as soon as charity is notsfied of its legal entiement and the amount due. Income fmm charitable acbwties All income from events and ath"vit"es is re¢ognised when due. Income fmm fund g&neralg activilies Income raised by speaai fund raising events. trading aclivibes are accounted for in the period in which the charity is entilled to receipt. Resources Expended Resources expended are included in the Statement of Financial Activitie5 on accTuals basis. Direct Charitable E¥pendilure Direcly attributable expenditure has been allocated to the appropriate fvnd. Ihhere costs have been shared the expendibjre has been allocated to funds on Ihe bags of their estimated consumption of expenses. Govem8nce These costs indude the Costs of govemance arrangements which relate to the general running of the charity as opposed to the direGt management functions inherent in generaling funds and in charitable actNIt'es. This includes such f(ems as Independent examination. legal advice for trustees and costs associated with conStion81 and stabjtory requirements, including trustse's meetings. Volunteers and donated servlces and facilities The value of services provided by volunteers is not incorporated into these financial statements. Flxed Assets Tangible fixed assets for use by the charity are capitalised if they can be used for more Ihan one year. and cost at least £500. They are vaued at cost or ifgifted. at the value to the charity on receipt. DeprecialiDn is calculated on the costs or valuation of the assets at the rate of 25%12023: 25%) using the straight line method. Page12
EMPOWERED COMMITTED CHRISTIAN MINISTRIES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDING 31 DECEMBER 2024 1.ACCOUNTING POLICIES (Continued) CurrentAssets Amounts owng to the ¢harity at 31 December 2024 in resped of income are shown as debtors less provision for amounts that may prove uncollectable. Funds Funds held by the charity are either. Unrestricted general funds These are fvnds that ¢an be used in accordance with Ihe charitable objects at the discretion of the trustees. Restricted lunds These are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when fvnds are raised for parb"cular restricted purpose5. Further explanalion ofthe naknre and purpose of each fund is included in the notes to the financial statements. Page13
EMPOWERED COMMITTED CHRISTIAN MINISTRIES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDING 31 DECEMBER 2024 INCOMING RESOURCES Untrted Restncted Totsl Total Fur¥J5 Funds 2024 2(Y23 2a Donations and legacies Offerings & Pkdge donalions Grft5 Churches & Mntstnes 10,175 14.567 3.252 10.175 14567 3.252 6.094 13.004 47,092 20,947 Thanksgiving Trthes receNed 8,388 10.805 55.989 Tax Refund 13,1)04 47.092 2b Other Tradlng In¢orr Trading Sales TOTIL INCOMING RESOURCES 47,092 47,092 55.989 Many volunteeF5 give freely of their time in the seNice of our Lord for the charity. the value of which is unquantifiable. 3.COSTS OF CHARITABLE ACTIVITIES BY FUND TYPE Lknrestricted Restricted Total Total Funds Funds 2024 2023 34.501 34,501 34.501 35.342 Costs of Llrecl Charitable Actilittes 34.501 35,342 4.COSTS OF CHARITABLE ACTIVITIES BY ACTIVITY TYPE ActNibes Support Costs Undertaken Tolal Total Directly 2024 2023 Co$ts of Generating VolLmtary income Costs of Fund Gelating Acti¥ities 2.709 3,600 28,192 34.501 3,852 Costs of charitale Actmties 19.947 23.547 8.244 10.953 35.342 Page14
EMPOWERED COMMITTED CHRISTIAN MINISTRIES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDING 31 DECEMBER 2024 5.COSTS OF CHARITABLE ACTIVITIES BY HEADINGS Unreslricted Restricted Total Total Funds Funds 2024 2023 Repair5 & Maintenance cosls Premises c(6ls 3.049 3,049 289 2,529 289 Admin costs 355 600 Audrt & Accountancy fees Administralion insutsnce costs 600 2.329 2,329 2.108 EnIS Costs 4.2 DeplatIOn Cosls Rent Cosls 10.353 10,353 8,400 3,600 4,144 181 8.084 8,400 Pastor Allovrdnce 3,600 Tilhes paid OLrt Vehicles cosls 4,144 4.760 181 Subcontractors 1.200 876 34.501 34.501 35,342 6.GOVERNANCE Unrestricted Total Total Funds 2024 2023 Independent examinevs fre 61)0 600 600 600 7.NET OUTGOING RESOURCES FOR THE YEAR Total Total This is ststed after charging 2024 2023 tndependent examinerfs fee Depreciation of owned assets 600 10.353 Page15
EMPOWERED COMMITTED CHRISTIAN MINISTRIES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDING 31 DECEMBER 2024 INFORMATION REGARDING TRUSTEES AND EMPLOYEES The ¢harty trustees were not paid or receNed any other benefits from employment wth 1he Trust in the year12024.' £nil} neither were they reimbursed expenses during the year {2023- £nill. The key management personnel of the Trust. comprise the trustees. and senior management team. The total employee beneffts of Ihe senior management personnel of the Trust were £nil 12023.. £nil}- FIXED ASSETS 2024 Totsl Cost at 1 December 2024 53.209 2,770 (2,550) 53.429 53.209 2,770 (2.5501 53,429 Additions Disposals at 31 December 2024 Depreciation at 1 December 2024 Charge for year Disposals at 31 Oecember 2024 15.328 10,353 (2,550> 23.131 15.328 10,353 12.550) 23.131 Net Book Value at31 Decerrthr 2024 30.298 30,298 at 31 Decenkner 2023 37.881 37.881 10. DEBTORS 2024 2023 Accrued income 9,000 8.000 Other Debtors 9.000 8.000 11. CASH AT BANK & IN HAND 2024 2023 Cuent kcount 116.207 116.207 102,511 102.511 Page16
EMPOWERED COMMITTED CHRISTIAN MINISTRIES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDING 31 DECEMBER 2024 12. CREDITORS: Amounts falling due within one year 2024 2023 Lcruals and deferred income 1,300 1,300 600 600 The bank loan and other loans, Credit Cards & Overdrafts are secured by a fixed and floating charge over all the assets of the chity. 13. CREDITORS: Amounts falling due After one year 2024 2023 Bank loans 3.870 3.870 6.797 6,797 14. RELATED PARTY TRANSACTIONS During trte year, the trust paid a total of £3,600 to pastor J Beah as allowance12023: £3.6001 15. RECONCILIATION OF MOVEMENTS IN FUNDS Transfers Balance at 31-Dec-23 Movennt In Resources Between Funds Balance at Incoming Outgoing 31-Dec-24 14a. Restrl¢tsd Funds National Lottery Grant 14b. Unrestrlcted Funds General Fund 140.995 43,840 (34.501) 150.335 Designated Fund 140,995 43.840 (34,501) 150,335 16. ANALYSIS OF NET ASSETS BY FUND Tangible Fixed Net Current Creditors Assets I Due after sets (Liabilities) One Year TOTAL Restrlctsd Funds Unrestricted Funds 30.298 30.298 120,037 120.037 150,335 150.335 Page17
EMPOWERED COMMITTED CHRISTIAN MINISTRIES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDING 31 DECEMBER 2024 17. OPERATING LEASE COMMITMENTS Lands and Building Lease which 8>pires within one Far 8.400 8,400 18. CONTINGENCIES The Trustees have confirmed that there were no contingent liabilib.es which should be disclosed on 31 December 2024. 19. GOING CONCERN The Trustees consider that there are no matenal uncertainties aLrt the Trust's abilty to continue as a going concem. Page18