CHRIST LADDER MINISTRIES TRUSTEES REPORT AND ACCOUNTS 31st DECEMBER 2025 x-star Management Services Limited CHRIST LADDER MINISTRIES Flat 48 G•yhurst Nopwood Road London SE172BL CHRIST LADDER hlll%lSTRIES REPORT OF THE TRusfEES FOR THE YEAR ENDED JI DF.C.'F.MBER 202 ST -rhL Iru%tLL% of ihL c]uriiv prLX'nt I1￿1T re￿rt M'iih ihL financial %lalLinL"nl4 ur the cknrily lor the year ended 31" IkicLll￿ber ?0*5. Thc iru%1ceb hJv¢ adopted thL provi%ion% of thL- StsiLin¥ml uf RcLommLndcd PrJLtitt ISORPI'ALLounling and Reporting by Charitits. i&%ued in March ?(K)5. RETrEREN'CE AND,IDIIIYISTRATIVE DETAILS Rell￿tted C".h#rit)' Yumber 1163043 Roll￿￿￿ed oir C'IIRIST LADt)IR MINISTRII.S IIc)pw4x)d Roal sr.17 2111. Trustees F.¥Jngpilis1 JuliJnJ ()b?uryli Paslor TrrJnii¥ 01￿¥￿n P￿¥ll)r l)liii%.-thLmli ()Nban PiL%libr ()liiwJliiyin AdLTelL" Mr Viitc)r ()bviiiidipL Pa%liTrr 11ohJiundL A41Ldibu F.vnng*eli%l JuliJnu (}bDu￿11 Mr Ji(k. AhuJu ,Il&kjuyi8 Tru%iLX icthairmanl Trn￿ee 7'ruslce Indeyel￿etht Ex*miners X-siar Mina&)emenl .Scrvicvb l.imiicd $3 SaxvillL RIMd ()rpinbvtun. KLnl BR$ 3AN Bankers Naliondl WL.%tiiiiii%l¢r14aiik ? (prcL'nwiLh C"hvrch st￿¢￿ l.vndun S1109BQ STRIICTURE GOI,ER￿ANCE AND MLNAGEMENT Governin% documeDt charity is controll¢d bv iis goi'erning document. Ihc Constitution and con%tilule% a charity. a% dLlincd by thc C"harilics Act ?01 l. Membership of ¢n•st¢e I￿ard. Tlic frus1cL￿ of ihc chariiy are voluntsry Iruslce% for thc PUryK)sc% of charily law and undcr thL LharlI￿4 Conslilulion thr¢ knom'n as mLmlK"rs ofihL TruslLX'S Board. Induction and tr¥inin% of trustees All iru%lL¥% ar¥ limiliar •A'iili il)L praLlical work of the cliurcli and h&vc und¥riJk¥n Iratninb Iv %upwrt i?￿.1F r()lL. C)rpnis*tional ￿￿<(￿re Thl I'nistcc B(xird quaMcTI)' and a 4￿rtersY brAnLh feedbaLk rcport is gPlVLn L7t LdLh inLxling. -I'he IlratKh Pa%lcw ha% ihL fL￿1￿}n¥1￿1lIiY fi)r IhL d.iy ti) day iirLrniic?n'il ￿na￿lement of ihc LhurLh %upp)rfed by ihL A%%i%iant Pa¥ti)r clu￿1￿d by IIK. brnrn'h. Risk m*naRement TIIL -fni%lLi% a duly io i&miify and rcTricw ik. risks lo wliicli iIiL ¢ltsrily j1* XIK)*LxI and io insure approprialL Lon(rvl> arL' in pl*¢ lu pru*ide rea%ondhlc aksurdnLL ilbTraiii%l fraud a￿1 lrror. InlLrnal ii)nln)l ri%kN arc minimiKd by ihe implLmcnlalii)n i)r pri)cL￿u￿ for uili(Trr1￿71l{?n of all iTanwLlicins ancl projeLi%. PAX"L￿Vre% and ri%k urL in plaLe io Ln%ufe complianle wilh Hcalih and Safely of volunleL' In¢inktr*' Lhildren: and Vi%11￿ lo I1￿ churLh. OBJECYIN'ES A%D AITII'ITIES l-hc Lharily'4 Dbj¢Ll% a￿1 li¥ Pri￿1PaI aclivity wcrc- J. To adfvttnLL the Chritslian faiih in accordance M"iih %lalemenl of klicf ap￿arIng in ￿L￿¥duled hL Tcto in Loiidon and in such other pans of ihe IlnitLd Kingdom or ilK' w'orld. b. To relicvc who arc in COJKlilion% ofnccd or ILirdship. dn. LldLrly or %ick. to train ￿%1015 and io rclicvc ihL LaU5cd ihL'fL.by in London and such oth¢r of ihL UnIlL￿ Kingdum or ihe world. To proinotc fulfil swh ￿h¢r iharilable PUJPOSLS I￿neriLla1 io tlic iominunily in Londun and in such otlKY paTL% of ik Uniicd Kingdom or Ihc world. As we rellecl on God's faithlulness. we also knk lo￿ard with expeclation. Th8 theme for 2026 is"The Yoar of Dlvlno Encountern." Wp pray Ihal Ihe coming y￿[ Wbll bo marked by deeper spiritual eXPer￿)ces. rene*ed in1wn￿ TMth GTrl. transf￿lIve eno)untets that elevate Ives and advanc* Ihe chuth's vision. Members are encwraged to sh*e Kleas. conslrurAi4p feedback. (Y suggestions to enhan¢ the work of GCKI in the Min￿ty. c(￿lI￿110n5 can bo Sont lo thg Résident Pasknr of Chun Secretary. or via email to Resldent Pastor S•crètary & Admln Daddy G.0 PA Anv VlctorJulk Oavkl Johnson Vlh117*fifrl7*p*rt￿l￿*I14Tr￿￿ rr4m HIGHLIGHTS OF 2025 Prayer and Spiritual Gr￿*th Wttkly prJyff meclinw* ihTou¥knui thL y • 77_Hi)ur MuwailK)n P￿lin￿l aThl PRyer Speiial ? l-lhy Pray¢Y ￿￿usL￿ pra)'LYS on iitkn. and linwKiul ￿*¥￿￿Ship Publications and Communication kLIL•￿. ufchrisi L*ddtr Btrlktin.7ih Eddio Special Services and Church Programs Dnininion SuNlay Sm'ice Ilusines4 ond I:nwn¢utrthip Smiice EJslLr l>mwEJI A NiBhi ofwor5hip #A(1 Gkyy IIAryM.: "A l.whiiif(MMI" Conferences and Seminars Youih C'onf¢¥tn¢¢._ ALn s kn'iiiir .1 )iMir14k,niiii'uiMI I'iiryxj.￿. iii ( liri.Al" IR(?mans X:!g1 Wc)In¥m'%C"i)Df¥rLYKL- '11n¥￿ ih..41iil¥uftTJ¢r Fellowship and Social Engagement C-hurLh IIBQ in Aublthl Iv foslLY uniiy and fLlk)wYhip Celebratlons and Milestones 6nili birt1)d￿lY of rk"aconths r..%iher TIMifaLf • 50ih birthJJ)' ot-tk'￿on LL'YL • (rflih birnhday of Paslor Kcmi A)Thi STRATEGIC PLAN FOR 2026 The year 2025 has bfjen reMa￿able. bul 2026 tKewts OPF*Ntunities for even greater growth. impact. and spiritual fwrttulness. Our Strateg￿ f(Mxs for 2026 indudes s￿'ritUal development, financial suslainabdty. CA)mmunty engagement, and targeled supwrt for member5 in key hfe slages. Key iniualives fcy Ihe year are oullinod beknv: l. Support Building Project Contributions ContiNu¢ IurKlrni%ing and ¢oniri1￿1l0TrS to ￿￿]nCe the church's huildiRg ￿￿jeCt. Encouraby mcwTrbL'ro lo ￿niC1￿￿¢0￿￿1StthI￿Y in tithe& offering& Sp￿181 LonlribulK)n Cxplorn. a41ditional d%Ly)uL￿ of Incon￿ Io XfLILTdlc ihL buildin¥ pwj¢LL iniluding Ixirin4tshtp¥ spOnM)r5hl￿ a￿1 ftuthisin8 2. Maximize Church Auditorium Rentals RI￿1 lh¥ ihiirlh auditorium duTin¥ IKYI￿Lty lo Incre￿ ￿[4￿)7 EnsurL ihL li%tlily wcII-m#ini4iNxL %xurn'. aNI rLJdv for C"wnlinulL ihnw¥h ￿. (￿￿ch or RL￿1￿￿￿( Paskw. 3. Intensify Evangelism and Oulreach ()￿7*in1*￿ rL'biu]￿ oulrLxLh PmP￿ ￿ ru¢h famili¢& frILry￿￿ and ￿￿￿h1￿¥s. who havi • F.nc(puMb>L nK'mtK'r% to shwr thc (x>¥*l wilhin ihLYfLMxnnwniliL% w'orkpl￿¢5. thnd ￿1￿1 I1￿ a combinaiitsn of evangdism. di8itsl pl*fomis and c(rt)Nnunity iiiilialhve4 t() cxpand ihL Chuwh % influ¢nce. 4. Encourage Faithful Financial Support • r.mphtt%iT¢ Ihe spiritu31 In1￿￿￿￿¢ of iiil*& and 01T¢rin￿ suslain mini4ry Jctivitics. • Educuie m¢mbm- on financial.4ew0rd.thip. biblical gii'in¥' principles. and Ihc IniroduLx iniliuli&L* ihut #lkni. ML￿ber¥ Io l(￿tri1)U￿ com'vniLmily thnJu&vh LILxtroniL pUyMLn￿ dirtxi trtynsfiY& aNI pLmnLMI ¥ii'in¥. 5. Launch Lrfe and Faith Group for Young Adults • Focus on young wjults. in the m*rri*2e *•d (weer ph*seofiif¢. addrL*sing the ￿l4uC piritmal and P￿Alla1 f¥ ActtvilaLS will includL"= Bible Stuth.: In41cpth kxhiRgs on navigaling ￿Ul1 life through a biblical YSPQ-1i￿¢. 1> SpiriluAI ImyrtlllioDs: SL*"iofvon M'islkn. dis¢¢mm¢nL llnd guidance for PeTr￿nal and pmlc%sionul 8Th)wth. I.rfeC￿eblry. P￿lIta1 guidance on relationthipK careerde￿CknpnxnL riNn¢ial m#ro¥¢nxmL aryl work-lifL bakn￿c. Aim to wuip pthiLipanl4 wilh i￿. kwwlLyl¥L. skills *piritual tound￿lOn nLxuled lo thrii'L r¥¥pn5ibk.. ￿￿milf￿al ￿1￿1￿.. 1SrÉJi j(k' Mi￿1￿r￿hiP o[wrt￿1llth ihTough ￿lrIng with maiurL' Ihur¢h In¥Yii￿.T Pi)%lLr lilli?u'%hip *¢0￿&bIlI1Y ihroubh small biroup Onli￿ fvNin¥. IK¥r %uppofl n¥lWI>Tk 6. Enhance Programs for Spiritual Growth • C'oiiiinul wc¢kly prny¢rm¢¢liTr&x lo%lin&?. nd.%￿la1 prny¢r PDBftMll*. (>oTtsni/¥ Kmintir%. H'c)rkthyK" c0nlercn￿￿. thilored io Me￿ ￿0M¢￿ thnd youih t %piriiual knowledge and 4¥yliculion. r.niiTrurJ¥i¢ purtkLlIKltion in thc church'% l.iff und Fuiih CIn)￿ o u)mpkm¢nt lo xi%lin&v mini%iri¥ 7. Promote Fruitfulness in All Areas of Life r.tK(IUNb¥L' nwmbm. ￿ grow wirilually. fiThancially. aJMJ sKially. ensurifig ilw ¢on b¢ a Pn)%'idL IraininLt- ()n cnlrLTrcncurthip. IkYclopn*nL are¢r dYJnLLIIILnl in dlibtrnmLnl ￿'1th bibli￿] prinLipk*. RLro¥iniiL and ClIL￿[￿ll Mik￿{￿￿5 atM1¥h1¥￿Tr￿Is 10 LrylVb￿Mcnl and LomliiilinL￿1. 8. Deepen the Cufture of Divine Encounters Align llll church activities wilh the iheme-yurof DI￿Re Eacowthtern" EncouragL' nktnbers lo pursuesi8n& And fftirnc1¢5 through laidL Prny¥Y. Jnd obL￿iLneL'. • Cr¢￿¢ for t¢stinMJnies and sh¥ing Of￿.£ inlcrveRlions lo Inspi￿ faiih wiihin ihc ¢ongryiw. Summary In summary. 2025 was a year ol breaklhrow*s. WKI testiThK)nies. We wilnessed God's failhfvlness in eNTry area ofour mlnisty spwitsjaly. administrativety, and rinancially. While we celebrale tho mileslones ￿hIeved. we are ￿rn1nded of the eletnal Injlh that "the path of the just is as shining lighL that Shlnoth moro and moro unto the wfect day.- Every slep I￿k. every seed sown. and every prayer lifted has brought us ch)ser lo God's perfecl plan lor Christ Laddor Winistri•s. As we enter 2026. we bohjly dodare il as our Year of Divine Encounlern. This 15 a year wher& heaven will meet eafih. and Lkmj's presence wdl translonn lives. ignite desknnBs. and Produ￿ fruitfulness fft the great commission. We ￿mil io walking this path wtth intenlionality. discipline. ￿UnIabl1Ity. aThJ slralegic lO￿ard planning, trusting that every effort aligned with Gcrfj's puw will ythj etemal results. We envision a church evthy ments ext￿1￿￿ spiritu81 breakthrou¥)s, deepened inlimacy with Gc*J. ard em[¥)we￿I lo imp* their famEli8s. Coffin￿nitIes. and the world. We foresee a ministry Ihat expands ils reach. strenglhens its foundaknns. and mulliplies its Yes￿¥¢6S fof gkny of God. Wilh lJiih iAir tinchor. vi%it)n oursDuMIL". IA(wJ'4 fa%i>r kn our 4¥L￿gIb. x'e *r¢ conf￿e￿I thal 2026 will iurp*$s even. expwl•tioth us fornanl wilh 1XTr￿LY￿r￿¢. unily. K.iiiTrii'iitb Iliui IhL 1% yil IcTr LMPML. Soil￿1KmJY sh￿1 H*lleluj*h: INANC'I,11. R+:VIEW Financial Pcrformance: The rcsulis oftlK' year sho￿,c￿ a ofL$73 Js dL'piLted in iliL %tJlLIi)Lnt i)r riNnLial thtiYiliL% Lump4ifLQ ￿lIh a dL.fiLiI in thL pfLS'iOU% y¥ar. 'I'hL' Lhiirity ihLrLlc)rc madc li￿￿1￿1 imprv%'Lmenl% in ihl lu'<) ycaTh. RL%erves policy The tni%lcLS rci'icw thc rc4¢rves of the charity annually and ackNwlcdg¢d ihat the Ici'¥l ill. lundingT i pwscnl will pui ihe ChurLh in a po%ili()n ￿.h¢r( li ha% lo dig dLLPLY into it* Ns¥r%'¢s. How¢ver. when considcr ihc or0*1h in and donation reLLiPt.% wliLy iinplcmcn¢d a% rLT0mrt￿n￿Cd in thL' InL%tLY ix)ard. thL tru%lcet* aye LonfidLnt tliai ihc church should in a po%"ition io sustain ilsclf morc ¢fT¢¢lively. li 1% ilIL Iru%tLL%' poIiLy to gcnLrally mainiain rL'.Kn'L* at a lom. k.VLI and to apply dott1￿ tion rL'LCiPiS io funding ils adi%'ilic& In lighi of ihe incomc gencraicd. tl tru%lLL% Lon%idcr ihL balanLI' of thi unTL%triclLxl fun(Lts lo k sati%fa¢tory in mccling thL Lhurch obligJtions should p￿cAlla1 liabili11￿ ariyc. Principal funding sources At prcscnt th¢ trkijority of ihc ¢hurch's ftsnding continuL% io come from thc tiihcs and LoIILxiion ot"alm% and thL %￿la1 app￿1 ol"prioTily n¢rd& FIITIIIiTr: DTr.VLI.OPMTr.NTS= To brin&r youth io Chris1 by wozking with thcm ihmugh ¢v¢ning F.ng.lish and Maihcmalics WL are about to intr(Kluce. To ￿Concl1¢ disput¢% lthr¢¢n Couples by i'isiting morL. famili￿ at knmc l y￿r ?016 To evangeli4L and help homclcss pcoplc in lh¢ community -ru orbidni* brnke last onc<. a month for thc privil¢g¢ p¢upl¢ in our Lommunity 'I'o Ii)Lll.s mure on how to visit thL priwn and pray wilh wplc Jnd ¢n¢oUrJg￿ ihLm. STATF.hlF.f4T OF TRIISTF.ES RESPON.SIBII.ITIES Thc tru%l¢c% arL- r¢s￿nsIbIL for preparing ihe fina￿la￿ 51aiemenis in accordance with appliLablL law and UnitLxI Kingth)m (tiry￿rnIlY AicLplcd ALLounling. l)rdLIiLe {UK CJAAP). Charily law ￿quIre5 ihe iru%lth to prepare financial %tatL4ncnLs for each fit7ancial ycar. UndLr tk2t law thL" In￿1Cc% havc io prcparc thL fin3nLial slalLment% in aLcor&.InLL wilh thL IlnilLd Kingdi)m licn¢Tally AL¢rpid ALL￿Un11nb I>rnLIiLe {Unit¢d Kingdom Accounting Standar(L% and applicablc law). Thc financial talLmLnl% arL' rcquirLd by law. lo ¥i%'e a ITUL dnd lair VILM. of ihL sialL ol- allair% or tIIL Lliarilablc Lc>mpany and of i]K or defiLii of charitable company for that p¥ri()d. In prLparin&i th￿ finJn¢ial %tslLnK'ntK thL' arL' fLWuirL￿ io: SclLLt %uilablL aLcounlin¥ ￿liliL￿ and ihLn Jpply ihLml Lwn%i.¥tcntly. MJkL judoLmenls and e￿ImaleS tkni aTe r(*wnabl¢ and prn(knl. PrLparL' IhL financial slJlcmcntb on th¢ goin&. ¥on¢crn basis unle55 it 15 jniippriiprial¢ l() presume thai ilie charilahlL company will ¢onltnue in bu%inL%5. ThL Ini.¥lL¢s ar¥" N".4poTr%iblc for kLX'pittg propLr aLiounting rLxord% ii,Iiicli di.Klos¥' Iviili rLa￿)n.}hl￿ aLLufaLy al any tiwnL thL linJnLial ￿141111)n c)f iliL LliarilahlL Ll)IiirKIii> 1iid tl) LnablL ihcm lo cn%UTL ihtsi ik finanLial siaienK'nis comply will) th¢ Ch.ITiIi¢ ALI ?111 l. "I"hL'y arL' also r￿l￿n￿lb1k fvr %af¥¥utsrding i1￿ 4)f ihc Lharily and h¢nLL lor thking r¢asonJble stcps for thc prcv¢nlion and d¢￿etIon of fraud aiid otlicr irrL'¥ulariliL.%. s'rATEMENT AS TO DIS(."LOSIIRE OTr INTrORNIATlQh I'O INDF.PF.NDF.NT F.XAfvIINERS So illl iru%l¥Ls ar¢ awaN'. IhLfL' 1% w rcILI'anl inforn￿l10n c)f which ili¥ ¢hariiy't inmiJli¢)n and tl> V•¢abli%h ikii the charily'% indcpcThlcnt exami￿.￿ arc a￿￿Te of that inlorniaiion. INDEPTr.NDF.NT EXAMINF.RS 'rhL indLIKiidLni LxaminLr%. X-siar ManagLmcnl.Scrvicc% Limil¢xl. will bL" prowbal lor re-ttppoinimeni ai ihe tortlK'oming Annual CJ¢ncral Mcding. 01% BF.HALF OF THE BOARD: Dthie: ?9*￿3￿20?6 Name: Pa%tor Oluwaloyin Aderele C.'hxirmAD We rerth on the ￿nIS ol the Chjrch Ihe year aThJed 31" Dwnt*r 2025 which comprise the Slatemenl of Financi* ActrAtss. the Balance Sheèt aNI rn18ted notes set out on pages 9 to 12. This report is made solety lo the C￿l¢h Cwncd ITwsloes) in accoTdanct with Section 145 of the chariti.es Acl 2011. My work has been undertaken so Ihal we might state to the charity's truslee5 those matters we am requ¥ed to slale thern n an Inde￿ndant Examinerfs report and for no other purp)se. To the fvlesl extent pemiilted by law. we do not attept or assume respons￿lIty lo an>￿e other th￿ Ihe Church and Ihe Chwch's tntstees our examination wrKk. Respecth r•sponsibllilies ol T￿$￿*S and Examlner The Church's Irusle8s are ro$F¥N￿ lor Ihe proparaticm ol Ihg acc(wnts. Tlw consider Ihal an audil is not required lor this (under SeciKm 144 01 the Chariiies Act 20111th0 Charities Actll and thal an irK*pgn(knt examinaim is ngeded. It 1$ our rnsponslblllty to: Examim Ihe aC(￿nIS luThJer Sectth￿ 145 of Charthes Art). To follow the pr¢x&Jures laid drA¥n in the Genernl Dre¢t￿rts uiven by thg Charity Commissioner (UTKkr Séclw)n 145(5Xb) of the Cha¥iiies kl): and To state *thelhef Parti(￿1¥ mattws c¥)me to my ailentx)n. Basis of Indèpendent Examlnefs r•p(Yl Our examinalM)n was cwried c#Jt in aCc￿dance with lh• Genewal DIrect￿S given ty Ihe Charity Commi5sK)ner. An examination irthes a revi￿ ol the records kept by Ihe Church and a comparison of the accwnts presented wilh ifM)se rerxjrds. It also wthes considerati(￿ of any unusual items or dtsckjsures in ts xcounts aTrJ seekry ex1Aanat￿ns from you as trustees conceming any s￿h mattets. io The p[C￿edureS undertaken th rKJt K*ovwJe all the ev•Je￿e Ihal w(wld be required li an audi( and consequently is given as to whether the ac￿L￿ts present a 'tr￿ and fair. view and the rep(Kt is Irmiled tr) those matters set out in the statement below. Indep8ndent Examlnefs slatwngrt In conneclton with our examinalmyn. N) matter has ￿me to our attenlKm: 1. Which gives us rea8(￿ats￿ cause (o I￿19¥8 that in any material respe¢l the requirements • lo keep accountiro recofds in ara)rdance wilh secti￿ 130 of the Charitios Act: and accounting requirements of Chaiitigs ALt Have not beon m8L or 2. To whth. in our opinM)n, allenlK)n Sh￿￿1 be dra%w in order to 8nabl8 a propgT underslanding ol Ihe accowits lo bo rnathed. EMMANUEL NTIM, Msc. ACCA X4tar Managemont Ser¥ic•s Limited 53 Saxville Road Orplngton, Kent BR5 3AN Dated: 2W03r2026 CHRIST iADDER MINlSfRIES STATEMENT OF FINANCIAI ACTivmES FOR ACCOUNTS PERIOD ENDED 31ST DECEMBER 2025 GENERAL REsfRICTED TOTAL TOTAL 2025 2024 INCOMING RESOURCES Voluntary Income Gilt Abd Receipts Other Income Investment Income TOTAL 98.652 26.813 1,250 98.652 26.813 1.250 96,091 16.963 126.715 126.715 113.054 RESOURCES EXPENDETr. CHARITABLE EXPENDITURE: Building Projects Management & Administrations 126.142 126.142 126.142 126.142 127.651 127.651 TOTAL NET RESOURCES EXPENDED." 573 573 -Id.597 NET MOVEMENTS FUNDS BALANCE BROUGHT FORWARD 86.350 86.350 IfKI.947 NET RESOURCES EXPENSED DISPOUL OF ASSETS TOTAL 573 573 -14.597 86.923 86.923 86,350 BALANCE CARRIED FORWARD 86.911 86.923 86.350 CHRIST LADDER MINISTrIES BALANCE SHEET AS AT 3tst DECEMBER 2025 NonQurrent Asset& Tan8ible Fixed Assets Inve5lment5 Total Non.Current Assets 9.946 13.261 13,261 Current Assets: Cash at Bank Debtors Prepayments IRenl Deposit) Gift Aid Receivables Total CurrentAssets 29.569 12.166 28.441 42.(XX) 5V)iO CREDITORS: Amount fallin8 Oue wlthln one year= Professional Fees Taxe5 Other Creditors Total Current Uabllltles Net Current Assets 57,311 53.467 NET ASSE75 67257 66.728 FUNOS: Accumulated Funds rplus lor the year Tot•1 81.282 -14.597 573 672S7 Signed by: Name: Pr Oluwatoyin Aderele Position: Chairnian of Trustees Board Date: 29103120Z6 JLL 13 CHRIST LADDER MINISTrIES OTES TO THE FINANCIAL STATEMEP4T- 31- DECEMBER 2025 I. ACCOUNTING IIOUCIES The financial statements ha¥e been prepared in accordan￿ with applicable accounting standards and the Charities SORP. The financial statement5 have been prepared under the histor￿1 cost convention except for the valuation of investment assets. which are shown at market value. The financial statements indude all transactions. assets and Itabilities lor whKh the Churth Council is ￿PonSible in law Re5trKted Funds represents donations or grants received for a specific objert or tnvited by the Church Council for a specific objert. The funds may only be expended on the speofic object for which theywere given. Any balance remaining unspent at the end of eath year must be carried forward as a balance on that fund. Genefal Funds (Unrestrirted Fundsl are general funds whith can be used for Church Counol ordinary purposes. INCOMING RESOURCES Collections are reco8nised when made. Amounts receivable under covenant a￿ ￿cO£nISed onty when hoTh)ured by the covenanter. Income tax recoverable on covenanted of gift aid donations 15 reco8nised when claimable. Grants and legacies are accounted for as soon as the church councll Is notlfied of its entitlernent. Funds raised by the fete and Similar events ale &counted for gross. RESOLIRCES EXPENDED Grants and donations are accounted for when paid over. or when awarded. if that award creates binding or constructive obligation on the Church Council. Amounts received specifically for mission are dealt with as Testricted funds. All other expenditure is reco8nised when it is incurred and is accounted for gross. FIXED ASSETS Other fixtures. fittin85 and office equipment are ststed at cost when incurred. DEPRECIATION: Fixtures and FiiliThJs 4 stratyt Ine basi%. Equipmènl 4 Jws slra*l Ine ba5 14 CHRIST LADDER MINlSniiES NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31st l)ecember 2025 2025 Restrkted Totsl 2024 Total INCOMING RESOURCE5 Voluntary Income Tithes & Offering Rent Received Gift Aid Return5 Investment Income Other Donations 98.652 1.250 Z6.813 98.652 1,250 26.813 96.091 16,963 43 126.715 11&715 113AI57 Building Project: Sundry Donalions TOTAL 126.715 126,715 113.097 Investment Income Interesl. Dividend and Galns TOTALS 126.715 126,715 113.097 Is CHRIST LADDER MINISTrIES NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31st December2025 2024 Tolal 3 RESOURCES EXPENDED: & Ath4n RentlRatésltountil tax Wellare Missions Music ProErams I In51Tumentallsts Service Charg Storaee Accountancv Subscription Insurante (Building & Carl Stationery& Post4¢ Bank Char8es Adminislration Cost TelephonelFax & Internet Utilities Training Deprecialion Cleaning Stafl Wa8es Taxes 47.959 47.959 57,866 11,556 18.61*1 194 11.556 8,286 2.7¢X) 789 1.899 155 1,720 194 2.702 17( 820 1.535 2,061 587 1.535 2.1Y>l 2.149 1.820 3.315 3.315 30.0(KI 24.675 iO,(XKJ 127hS1 126.142 126,142 16 3. TANGIBLE NON-CURRENT ASSETS: Ew1ptmÈ￿ Motor Fwnitwe & KVTOTAL COSTfvALUATION Bal as at OII0112025 Additions Bal as at 3V1212025 17.558 25.023 45.335 17.558 25.023 1754 45.335 DEPRECIATION.'18asis- SL 25% ) Balance as at OII0112025 Char8e for the year Balance 45 4t 3111212025 I6￿￿ 12.512 188 3,128 16.996 15.640 2.754 32.074 3,315 35.389 2.754 NET BOOK VALUE Bal as ai 3111212024 Bal as at 3111212025 750 12,511 563 9.383 13,261 9,946 4. Bank & Cash Bala￿$. 2025 2024 Natwe5t Banklchurch Acc.) Investment Account 13.822 15.747 29,569 6.387 5,779 12.166 5. Credltors-. (Amounl Falling Lhje within one year) 2025 2024 Professlonal SeNice Taxes Other Creditors 699 699 17