PATHWAY INTERNATIONAL
CHARITY NUMBER: 1188398
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31ST DECEMBER 2024
PATHWAY INTERNATIONAL
FINANCIAL STATEMENTS
31ST DECEMBER 2024
CONTENTS
Page
| Charity's General Information | 1 |
|---|---|
| Trustees Report | 2 |
| Statement of Financial | |
| Activities | 3 |
| Independent Examiner's | |
| Report | 4 |
| Summary of Financial | |
| Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial | |
| Statements | 7 |
PATHWAY INTERNATIONAL
GENERALINFORMATION
31ST DECEMBER 2024
Charity's General Information
TRUSTEES:
TRUSTEES: BABATUNDE DISU OLUFUNMILAYO OKEOWO STUART FREEMAN REGISTERED OFFICE: ICON OFFICES 321- 323 HIGH ROAD ROMFORD RM6 6AX - WEBSITE ADDRESS: WWW.PATHWAY INTERNATIONAL.ORG CHARITY NUMBER: 1188398 BANKER: ZEMPLER BANK
PATHWAY INTERNATIONAL
TRUSTEES' REPORT 31ST DECEMBER 2024
The Trustees of PATHWAY INTERNATIONAL (the charity) present report and Financial Statement for the year ended 30th December 2024 which been prepared in accordance with the Statement of Recommended 'Practice (SORP) ''Accounting and Reporting by Charities'' issued in Oct 2000 & revised in 2005.
This financial year, PATHWAY INTERNATIONAL, continues to operate as a Charity and Christian Church, having over committed volunteers drawn from professional and non-professional backgrounds.
STRUCTURE, GOVERNANCE & MANAGEMENT:
The Trustees have been delegated the day-to-day running of 'the Charity' to three of their Trustees. Major decisions are taken with consent and approval of all of the Trustees in accordance with the requirement of the governing document. The work is supported by a few volunteers.
POLICIES AND OBJECTIVES:
Pathway International is a Bible-based church, which preaches the word of God. Our primary mission for everyone to know the love of God, through the preaching of the ‘Good News’ the gospel of Jesus Christ to the local environment.
We support the vulnerable, the less fortunate and offer advice, counselling and support to help them make positive changes to their lives.
It is our aim to grow as a church and empower people through the Word of God, to make a positive change to their lives and the community at large.
PATHWAY INTERNATIONAL
FINANCIAL ACTIVITIES AND REVIEW
31ST DECEMBER 2024
FINANCIAL PERFORMANCE AND REVIEW OF FUTURE ACTIVITIES:
During the year total incomes of £1308 were realised and £(2002) expended. All transactions were in respect of the church and charity purposes.
The Trustees are pleased to report that the church continued to be very successful in ministering to many people, increasingly reaching out to the community through various initiatives achieved through its committed volunteers and membership strength. The charity aims to continually build upon its current achievements, effectively spreading the ethos of love and unity promoting the Christian faith in surrounding communities.
STATEMENT OF TRUSTEES RESPONSIBILITY:
The charity's Trustees are responsible for preparation of financial statements, and they consider audit is not required for this year under section 43(2) of the Charities Act 1993 (the Act) and that an independent examination is needed. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently
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make judgements and estimates that are reasonable and prudent
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prepare the financial statements on the going concern basis unless it is inappropriate to
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presume that the church will continue in operational service.
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the financial statements are prepared as required by law to give a true and fair view of the state of affairs of the church surplus or deficit for that period and safeguard the assets of the church.
This report was approved by the Trustees on 22nd October 2025 and signed on their behalf by trustee:
Name of Trustee: Babatunde Disu (Chairman)
Babatunde Disu
Signature: . . . . . . . . . . . . . . . . .
PATHWAY INTERNATIONAL
INDEPENDENT EXAMINER'S REPORT
31ST December 2024
I have examined the financial statements, which comprises the financial activities, the Balance Sheet and the related Notes on pages 7 to 8 and the accounting policies of PATHWAY INTERNATIONAL for the year ended 31st December 2024.
This report is made solely to the Charity's Trustees (who are the members of the charity for the purposes of charity obligations) and are responsible for the preparation of the accounts. The Trustees think that an audit is not required for this year under section 43(2) of the Charities Act 1993 (the Act) and that an independent examination is needed.
Respective responsibilities of Trustees and Independent Examiner:
As described on page 3, the Trustees are responsible for the preparation of financial statements. It is my responsibility to carry out an independent examination of those financial statements and to issue a report based on that examination.
Scope Of examiner's Statement:
I conducted my examination in line with directions given by the Charity Commission under section 43(7)(b) of the Charities Act 1993. An examination includes a review of accounting records kept by the charity and comparison of the financial statements with those records as well as explanations from trustees concerning the records. The procedures undertaken do not provide all the evidence that would be required in an audit. Consequently, no audit opinion is given, and the report is limited to the statements below:
Independent examiners’ statement:
In connection with our examination, no matter has come to my attention:
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Which gives me reasonable cause to believe in any material respect the requirements:
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To keep accounting records in accordance with
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section 41 of the Companies Act 2006, and
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To prepare financial statements which accord with the accounting records and comply with the accounting requirements of section 386 of the Companies Act 2006 and with the methods and principles of the SORP: Accounting and Reporting by Charities have not been met; or
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2.Which in our opinion, attention should be drawn in order to enable a proper understanding of financial statements to be reached.
Dated 12th October 2024.
PATHWAY INTERNATIONAL
SUMMARY STATEMENT OF
FINANCIAL ACTIVITIES 31ST DECEMBER 2024
| NOTES INCOMING RESOURCES: Voluntary Donations Income 2 TOTAL INCOMING RESOURCES: RESOURCES EXPENDED: Charitable Activities 3 Governance Costs 4 TOTAL RESOURCES EXPENDED: NET MOVEMENT IN FUNDS FOR THE YEAR |
2024 Unrestrictd Funds £ 1308 1308 (2002) (280) (2282) (974) |
Restricted Funds £ 0 0 (0) (0) 0 0 |
2023 TOTAL Funds £ 5545 |
2023 TOTAL Funds £ 5545 |
|---|---|---|---|---|
| 5545 | ||||
| (4930) (1275) |
||||
| (6205) | ||||
| (660) |
PATHWAY INTERNATIONAL
SUMMARY STATEMENT OF FINANCIAL ACTIVITIES 31[ST] DECEMBER 2024
| Voluntary Donation Incomes: Tithe, Thanksgiving and Offerings Charitable activities Donations Governance Costs Tel & Internet Costs Office Stationery Vehicle Related Expenses Advert & Publicity Training Website & social media |
2024 Unrestrict ed Funds £ 1308 1308 Unrestrict ed Funds 1308 1308 Unrestrict ed Funds 181 124 370 305 622 400 2002 |
Restricted Funds £ 0 0 Restricted Funds 0 0 Restricted Funds 0 0 0 0 0 |
2023 TOTAL Funds 5545 5545 TOTAL Funds 5545 5545 TOTAL Funds 485 300 2170 1350 625 4930 |
|---|---|---|---|
PATHWAY INTERNATIONAL
SUMMARY STATEMENT OF FINANCIAL ACTIVITIES 31[ST] DECEMBER 2024
| BALANCE SHEET 31ST DECEMBER 2020 NOTES FIXED ASSETS Tangible Assets 5 CURRENT ASSETS Cash at Bank Amount Due Within 1 Year 6 NET CURRENT ASSETS Amount Due After 1 Year 6 TOTAL NET ASSETS CHARITY FUNDS General Funds 7 |
2024 25 25 (0) 0 25 |
2023 £ 650 285 (0) (0) 398 398 398 |
|
|---|---|---|---|
These statements of financial activity were approved by the Trustees on 12th October 2024, and signed on their behalf by the trustee:
Name of Trustee: Babatunde Disu (Chairman)
Babatunde Disu
Signature: . . . . . . . . . . . . . . . . . . . . . . . . . . .
PATHWAY INTERNATIONAL
NOTES TO THE ACCOUNTS
31ST DECEMBER 2024
1. ACCOUNTING POLICIES
The financial statements have been prepared in accordance with applicable Accounting Standards in United Kingdom with the application of FRSSE and the Statement of Recommended Practice ''Accounting and Reporting by Charities'' (''SORP 2000 and SORP 2005'') issued by the Charity Commission. A summary of the principal accounting policies, which have been applied consistently is set out below:
(a) Basis of Preparation of Financial Statements.
The financial statements are prepared under the historic cost convention and include the result of charity's operation, which are described in the Trustee's Report, all of which are continuing.
(b) Incoming Resources:
All incomes is credited to the Statement of Financial Activities on the earlier date of when they are received or when they are receivable.
(c) Restricted Funds:
Restricted funds are to be used for specific purposes within the objects of the charity. Expenditures which meet these specific criteria, will be matched with a fair allocation of management and support costs. There was a no Restricted during the year.
(d) Unrestricted Funds:
Unrestricted funds are donations, offerings and other incomes generated for the objects of the charity without further specific purposes and are available for general and public funds.
(e) Resources Expended:
Direct Charitable expenditure includes all expenditure incurred by the charity in pursuit of its charitable objectives. Governance expenditure includes all
costs incurred which relates to the charitable and for administration of the charity in compliance with constitutional and statutory requirements.
Tangible Fixed Assets and Depreciation:
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates in order to write off cost of each asset, less their estimated residual value over its estimated useful life as follows:
Office Equipment 18% at reducing balance