## **Registered Charity Number 1160977** Report of the Trustees and Unaudited Financial Statements For The Year Ended 31st March, 2025 ## **CHRIST LOVE MINISTRIES** ## **CHRIST LOVE MINISTRIES** **Contents of The Financial Statements** **For The Year Ended 31st March, 2025** ||**Page**| |---|---| |Report of The Trustees|1 - 2| |Independent Examiner's Report|3| |Statement of Financial Activities|4| |Balance Sheet|5| |Notes to the Financial Statements|6| |Detailed Statement of Financial Activities|7| ## **CHRIST LOVE MINISTRIES Report Of The Trustees** ## **For The Year Ended 31st March, 2025** **Registered Charity Number 1160977** ## **Chairman:** Rev GORDON GYASI ## **Principal Address.** 37 TOWER SQUARE NORTHAMPTON NN5 5FH ## **Trustees** Rev GORDON GYASI VIDA GYASI MIZIMO SINKAMBE SITUTU ## **Independent Examiner** Paperchase Taxation Accountants 22b Sydenham Road London SE26 5QW 1 ## **CHRIST LOVE MINISTRIES Report of the Trustees** ## **For The Year Ended 31st March, 2025** The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities' issued in July 2014. ## **STRUCTURE, GOVERNANCE AND ANAGEMENT** ## **Description of the charity’s trusts** Governing document: Trust deed The charity is a trust Trustee selection is by appointment The main activity of the charity is the establishment and maintenance of worship centres to enable the members of the public to participate in Christian worship. Making grants and donations to the needy. We are slowly building a children ministry to enhance their knowledge about the christian faith ## **RISK MANAGEMENT** The Trustees have conducted a review of the major risks which the Charity is exposed. A risk register has been established which identifies the major risks by area of activity, the nature of those risks, the likelihood of the risks happening and the measure taken to manage them. The Trustees review the risk register regularly at their meetings and are satisfied that systems are in place to manage the risks that have been identified. In particular, insurance cover is in place and the finances of the Charity are kept under review. Appropriate Disclosure & Barring Service check (DBS) training undertaken and, supported by regularly reviewed policies are done for all those who work with children or other vulnerable groups with the Charity. ## **FINANCIAL REVIEW** We plan on having financial reviews with the church and leaders every 6 months to review our financial achievements and contributions towards various events and ministries. ## **PLANS FOR FUTURE PERIODS** In future, we plan to expand our ministries in Universities and register as a society in different Universities. Approved by order of the board of trustees on …………………………………………..and signed on its behalf by: ....................................................... ## **Rev GORDON GYASI** 2 ## CHRIST LOVE MINISTRIES For The Year Ended 31st March, 2025 ## Independent Examiner's Report ## To the Trustees of ## CHRIST LOVE MINISTRIES I report on the accounts for the year ended 31st March, 2025 set out on pages four to Seven. ## Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required. The charity's gross income does not exceed £250,000 and I am qualified to undertake the examination by being a qualified member of ACCA. ## It is my responsibility to: examine the accounts under Section 145 of the 2011 Act to follow the procedures laid down in the General Directions given by the Charity Commission (under Section l45(5)(b) of the 2011 Act); and to state whether particular matters have come to my attention. ## Basis of the independent examiner's report My examination was carried out in accordance with the General Directions given by the Charity Commission. 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 no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below. ## Independent examiner's statement In connection with my examination, no matter has come to my attention: 1) which gives me reasonable cause to believe that, in any material respect, the requirements to keep accounting records in accordance with Section 130 of the 2011 Act; and to prepare accounts which accord with the accounting records and to 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. ## Abiodun A Adeboyejo (FCCA,AFA, ACA, FAIA) ## PaperChase Taxation 22b Sydenham Road London. SE26 5QW Date................................................ 3 ## CHRIST LOVE MINISTRIES ## Statement of Financial Activities For The Year Ended 31st March, 2025 |Unrestricted
Notes
£
Income Resources
Incoming Resources From Generated Funds
Voluntary Income
1
63,524
Total Income Resources
63,524
Resources Expended
Charitable Activities
Physical & Spiritual Need
60,580
Governance Costs
2
1,695
Total Resources Expended
62,275
NET INCOMING RESOURCES
1,249
RECONCILATION OF FUNDS
Total Funds Balances b/fwd
9,510
Total Funds Balances c/fwd
10,759|Restricted
£
-
-
-
-
-
-
-|2024
2023
Total
Total
Fund
Fund
£
£
63,524
72,256
63,524
72,256
60,580
72,369
1,695
1,695
62,275
74,064
1,249
(1,808)
9,510
11,318
10,759
9,510| |---|---|---| ||-|| The Notes Form Part of These Financial Statements 4 ## CHRIST LOVE MINISTRIES ## Balance Sheet as at 31 March 2025 ||||2025|2024| |---|---|---|---|---| ||Notes||Total|Total| ||||£|£| |CURRENT ASSETS||||| |Debtors|3|9,335|9,335|-| |Cash at bank and in hand||2,075|2,075|1,656| |CREDITORS||||| |Amounts Falling Due within one Year|4|650|650|650| |NET CURRENT ASSETS||10,760|10,760|9,511| |TOTAL ASSETS LESS CURRENT||||| |LIABILITIES||10,760|10,760|9,511| |NET ASSETS||10,760|10,760|9,511| |Unrestricted Funds|5|||| |Unrestricted Funds|||10,760|9,511| |TOTAL FUNDS|||10,760|9,511| |The financial statements were approved by the Board of Trustees||on.................................... and||| |were signed on its behalf by:||||| Approved by Board of Trustees Rev GORDON GYASI The Notes Form Part of These Financial Statements 5 ## CHRIST LOVE MINISTRIES ## Notes to the Financial Statementss for the year ended 31 March 2025 ## ACCOUNTING POLICIES ## Accounting convention The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), the Charities Act 2011 and the requirements of the Statement of Recommended Practice (SORP 2015), Accounting and Reporting by Charities (issued July 2014) ## Incoming resources All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. ## Resources expended Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost 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 of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. ## Tangible fixed assets Taxation The charity is exempt from tax on its charitable activities. ## Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. ## 1 Voluntary Income |Tithes & Offering
2
Governance Costs
Accountancy|2025
2024
£
£
63,524
72,256
63,524
72,256
2025
2024
1,695
1,695
1,695
1,695| |---|---| 6 ## CHRIST LOVE MINISTRIES ## Notes to the Financial Statementss for the year ended 31 March 2025 |3
Debtors : Amounts Falling Due within one year
Other debtors
4
Creditors: amounts falling due within one year
Trade creditors
5
Movement in Funds
At 01 04 23
£
Unrestrictedfunds
General fund
9,511
TOTAL FUNDS
9,511
Net movement in funds, included in the above are as follows:
Incoming
Resources
£
Unrestricted funds
General fund
63,524
Total Fund
63,524|2025
2024
2025
2024
£
£
9,335
8,505
9,335
8,505
2025
2024
£
£
650
650
Net
Movement
In Funds
At 31 03 24
£
£
1,249
10,760
1,249
10,760
Resources
Expended
Movement in
Funds
£
£
62,275
1,249
62,275
1,249| |---|---| 7 ## CHRIST LOVE MINISTRIES Detailed Statement Of Financial Activities For The Year Ended 31st March, 2025 |Detailed Statement Of Financial Activities
For The Year Ended 31st March, 2025||| |---|---|---| |INCOMING RESOURCES
Tithes & Offering
Total Incoming Resources
RESOURCES EXPENDED
Charitable Activities
Pastoral allowances
Welfare
Honorarium & volunteer
Church expenses
Bank charges
Telephone and fax
IT / Software
Governance Costs
Accountancy fees
Support Costs Management
Rent & rates
Insurance
Repairs & maintenance
Motor expenses
TOTAL RESOURCES EXPENDED
NET INCOME|Unrestricted
£
63,524.00|2025
2024
Restricted
Total
Total
Fund
Fund
£
£
£
63,524.00
72,256.00| ||63,524.00|-
63,524.00
72,256.00| ||4,100.00
3,740.00
7,045.00
60.00
486.00
555.00|4,100.00
-
3,740.00
10,090.00
7,045.00
18,301.00
60.00
486.00
413.00
555.00| ||15,986.00|-
15,986.00
28,805.00| ||1,695.00|1,695.00
1,695.00| ||1,695.00|-
1,695.00
1,695.00| ||30,800.00
12,967.00
-
827.00
44,594.00|30,800.00
33,600.00
12,967.00
8,358.00
-
77.00
827.00
1,529.00
-
44,594.00
43,564.00| |||| ||62,275.00|-
62,275.00
74,064.00| |||| ||1,249.00|-
1,249.00
1,808.00
-| 8