Charity Registration Number : 1189122
ACM CHRIST ASSEMBLY MINISTRY
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024
ACM CHRIST ASSEMBLY MINISTRY
LEGAL AND ADMINISTRATIVE INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024
Trustee Olanike Kehinde Moradeyo Charity Number 1189122 Registered Office ACM CHRIST ASSEMBLY MINISTRY 25 OSTERBERG ROAD Kent DA1 5HF
ACM CHRIST ASSEMBLY MINISTRY
CONTENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
ACM CHRIST ASSEMBLY MINISTRY
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 NOVEMBER 2024
| Recommended categories by activity Notes Income and endowments from: Donations and legacies 2 Total Expenditure on: Raising funds 3 Charitable activities 4 Other 6 Total Net income Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds £ 23,413.00 23,413.00 126.50 2,577.50 9,848.00 12,552.00 10,861.00 10,861.00 24,112.00 34,973.00 |
Total Funds 2024 £ 23,413.00 23,413.00 126.50 2,577.50 9,848.00 12,552.00 10,861.00 10,861.00 24,112.00 34,973.00 |
Total Funds 2023 £ 14,020.00 |
|---|---|---|---|
| 14,020.00 | |||
| 650.00 650.00 - |
|||
| 1,300.00 | |||
| 12,720.00 | |||
| 12,720.00 11,392.00 |
|||
| 24,112.00 |
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ACM CHRIST ASSEMBLY MINISTRY
BALANCE SHEET
FOR THE YEAR ENDED 30 NOVEMBER 2024
| ALANCE SHEET OR THE YEAR ENDED 30 NOVEMBER 2024 |
||
|---|---|---|
| Recommended categories by activity Notes Unrestricted funds £ Total Fixed assets Tangible assets 7 10,861.00 Total fxed assets 10,861.00 Total net assets 10,861.00 Funds of the Charity Unrestricted funds 9 34,973.00 Restricted income funds 9 Endowment funds 9 Total funds 34,973.00 |
Funds 2024 £ Total 10,861.00 10,861.00 10,861.00 34,973.00 - - 34,973.00 |
Funds 2023 £ 12,720.00 |
| 12,720.00 | ||
| 12,720.00 24,112.00 - - |
||
| 24,112.00 |
The financial statements were approved by the trustees on 07 November 2025 and signed on its behalf by:
Olanike Kehinde Moradeyo Trustee
Date : 07 November 2025
Page 2 of 6
ACM CHRIST ASSEMBLY MINISTRY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
1. Accounting Policies
The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows.
1.1 Basis of preparation
These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation.
These accounts have been prepared in accordance with “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
These accounts are presented in pounds sterling and rounded to the nearest pound.
1.2 Going concern
The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts.
1.3 Income from donations or grants
Income from donations and grants is recognised when the charity is entitled to the funds, the receipt is probable and the amount can be measured reliably. For donations, this is usually on receipt. For grants, this is usually when a formal o'er is made in writing. If a donation or grant contains terms and conditions outside of the charity’s control which must be met before the charity is entitled to the funds, or if the donor specifies that the funds must be used in future time periods, then the income is deferred.
1.4 Expenditure
Expenditure is recognised when a present legal or constructive obligation exists at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefits will be required to settle the obligation, and the amount can be estimated reliably.
Direct costs are those costs which directly attribute to its activities. Wages and salaries are allocated to direct costs based on an estimate of time spent on charitable activities by staff members.
Support costs include staff costs and are those which do not produce a direct output. Staff costs relate to specific activities and this is reflected in the allocation of payroll costs based on the percentage of time spent.
All costs, including governance costs, are allocated between the expenditure categories of the charity on a basis designed to reflect the use of the resource. Costs relating to a particular activity are charged directly; others are apportioned on an appropriate basis.
Support costs and overheads have been calculated by allocating staff time to the level of involvement in the various activities of the Charity.
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1.5 Tangible fixed assets
Tangible fixed assets, such as land and buildings, plant, vehicles and equipment, are held to provide an on-going economic benefit to a charity through their contribution, directly or indirectly, to the provision of goods or services by the charity.
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Name Rate (%) Musical Equipment 12 Furniture & Fitting 12 IT Equipment 12 2. Income from Donations and Legacies Analysis Unrestricted funds £ Donation and gifts 23,413.00 Total 23,413.00 3. Expenditure on Raising Funds Analysis Start up costs incurred in generating new source of future income Total Support Costs 4. Expenditure on Charitable Activities Analysis Charity management & administration Charity running cost Total Support Costs 5. Support Costs Analysis Support Costs Printing and stationery Governance Costs Accountants fees |
Year Method 2022 Straight Line 2022 Straight Line 2022 Straight Line Total funds 2024 Total funds 2023 £ £ 23,413.00 14,020.00 23,413.00 14,020.00 Total funds 2024 Total funds 2023 £ £ - 650.00 - 650.00 126.50 - |
Year Method 2022 Straight Line 2022 Straight Line 2022 Straight Line Total funds 2024 Total funds 2023 £ £ 23,413.00 14,020.00 23,413.00 14,020.00 Total funds 2024 Total funds 2023 £ £ - 650.00 - 650.00 126.50 - |
|
|---|---|---|---|
| 14,020.00 | |||
| Total funds 2023 £ 650.00 650.00 - |
|||
| 126.50 650.00 |
|||
| Total funds 2024 £ 1,175.00 826.00 2,001.00 576.50 |
Total funds 2023 £ - 105.00 105.00 545.00 |
||
| 2,577.50 650.00 |
|||
| Total funds 2024 £ 253.00 450.00 |
Total funds 2023 £ - 545.00 |
||
| 703.00 545.00 |
2. Income from Donations and Legacies
3. Expenditure on Raising Funds
4. Expenditure on Charitable Activities
5. Support Costs
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6. Other Expenditure
| Analysis Other Expenditure Total 7. Tangible Fixed Assets 7.1 Cost or valuation At 01 December 2023 Additions Disposals Revaluations Transfers At 30 November 2024 7.2 Depreciation and impairments At 01 December 2023 Charge for the year Disposals Revaluations Transfers At 30 November 2024 7.3 Net book value At 01 December 2023 At 30 November 2024 |
Unrestricted funds £ 9,848.00 9,848.00 Plant & Machinery Fixtures & Fittings £ £ 11,392.00 688.00 - - - - - - - - |
Unrestricted funds £ 9,848.00 9,848.00 Plant & Machinery Fixtures & Fittings £ £ 11,392.00 688.00 - - - - - - - - |
Total funds 2024 £ 9,848.00 |
|
|---|---|---|---|---|
| 9,848.00 | ||||
| Computer Equipment £ 640.00 - - - - 640.00 128.00 (64.00) - - - 64.00 512.00 576.00 |
||||
| 11,392.00 | 688.00 | |||
| 3,452.00 (1,726.00) - - - |
138.00 (69.00) - - - |
|||
| 1,726.00 | 69.00 | |||
| 7,940.00 | 550.00 | |||
| 9,666.00 | 619.00 |
8. Cash at bank and in hand
Cash at bank and in hand
Total
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9. Charity funds
9.1 Details of material funds held and movements during the CURRENT reporting period
| Fund names Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ Unrestricted funds 24,112.00 23,413.00 12,552.00 - - 34,973.00 Total 24,112.00 23,413.00 12,552.00 - - 34,973.00 9.2 Details of material funds held and movements during the PREVIOUS reporting period Fund names Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ Unrestricted funds 11,392.00 14,020.00 1,300.00 - - 24,112.00 Total 11,392.00 14,020.00 1,300.00 - - 24,112.00 |
Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ |
Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ |
Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ |
Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ |
Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ |
Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ |
|---|---|---|---|---|---|---|
| 24,112.00 23,413.00 12,552.00 - |
- | 34,973.00 | ||||
| 24,112.00 23,413.00 12,552.00 - |
- | 34,973.00 | ||||
| 11,392.00 14,020.00 1,300.00 - |
- | 24,112.00 | ||||
| 11,392.00 14,020.00 1,300.00 - |
- | 24,112.00 |
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