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**| Page 1 of 6 ## **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. Page 3 of 6 ## **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** Page 4 of 6 ## **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** Page 5 of 6 ## **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**| Page 6 of 6