**CHARITY REGISTRATION NUMBER 1194322**
Multiply International Christian Network
**Financial Statements For The Year Ended 31 March 2025**
## _**Raywin P-Cole & Co Ltd**_
_Chartered Certified Accountants ACCA Registered Firm 131 Tivoli Road, West Norwood London SE27 0EE_
## **Multiply International Christian Network**
## **Financial Statements For The Year Ended 31 March 2025**
## **Contents**
||**Page**|
|---|---|
|Trustees Annual Report|1|
|Chartered Accountants' report|2|
|Statement of Financial Activities|3|
|Balance Sheet|4|
|Notes to the accounts|5 - 6|
## **Multiply International Christian Network**
## **Trustees Annual Report for the year ended 31st March 2025**
## **Objectives & Activities**
Multiply International Christian Network continue to maintain its Objectives pursuing general charitable causes in education and training, the advancement of health and saving lives, our work with the disabled, the prevention and relief of poverty and our religious activities. Those we help are children and young people, the elderly, people with disabilities, other charity courses and humanity in general. We have not been able to do much of our vision except for our religious courses which does not require financial costs.
This year, we engage ourselves in fellowshipping with member churches, doing seminars within our church groups that does not require any financial costs because of lack of finances. All our activities were done by our sister churches and coordinated by the executive.
At present we are developing fundraising ideas which also include getting other Charities that we work with to either support us financially periodically or to sponsor our various projects.
## **Regular Church Activities**
We did regular church to church fellowship and seminar activities. We also did our monthly online meetings on zoom.
## **Missions**
Our Missionary activities continue through visits by our executives at their own expense or the expense of their local churches. All this was done through fellowship, friendship and doing religious meetings.
## **Vision 2025 - 2026**
What is key in our vision for 2025 – 2026 is the accumulation of funds to continue our meaningful projects and to fulfil our objectives as a Charity. Charities are having a lot of challenges having funding but we trust that we will have help soon.
## **Multiply International Christian Network**
24 Barfleur Lane London SE8 3DD
Chair of Trustees Rev. Desmond Thomas
1
## **Multiply International Christian Network**
## **Independent Examiner's Report to the Trustees and Members**
We report on the accounts of the Trust for the year ended 31 March 2025 which are set out on the annexed pages.
## **Respective Responsibilities of the Trustees and Examiner**
The Trustees of the Charity are responsible for the preparation of the accounts; and consider that the audit requirement of section 144(2) of the Charities Act 2011 does not apply and that an independent examination is needed. It is our responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- to follow the procedures specified in general Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act, and
- to state whether particular matters have come to our attention.
## **Basis of Independent Examiner's Report**
Our examination was carried out in accordance with general directions given by the Charity Commission. An examination includes 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 the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts and the report is limited to those matters set out in the statement below.
## **Independent Examiner's Statement**
In connection with our examination, no matter has come to our attention:
- 1) Which gives us 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 comply with the accounting requirements of the 2011 Act have not been met;
or
- 2) To which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## _**Raywin P-Cole & Co Ltd**_
_Chartered Certified Accountants ACCA Registered Firm 131 Tivoli Road, West Norwood London SE27 0EE_
> 31 January 2026
2
## **Multiply International Christian Network Statement of Financial Activities for the year ended 31 March 2025**
|**Resources Expended**
**_Charitable activities_**
**_Governance costs_**
Accountancy
**_Total Resources Expended_**
**Net outgoing resources**
Transfers between funds
**Net movement in funds**
**Total funds brought forward**
**_Total funds carried forward_**|**Notes**|**Unrestricted Restricted**
**Funds**
**Funds**
**2025**
**£**
**£**
**£**
150
-
150
**150**
**-**
**150**
**150**
**-**
**150**
**(150)**
**-**
**(150)**
-
-
-
**(150)**
**-**
**(150)**
(223)
-
(223)
**(373)**
**-**
**(373)**|**2024**
**£**
150|
|---|---|---|---|
||**1**|||
||||**150**|
|||||
||||**150**|
||||**(150)**
-|
||||**(150)**
(73)|
||||**(223)**|
3
## **Multiply International Christian Network Balance Sheet as at 31 March 2025**
|**Notes**
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling due**
**within one year**
**2**
**Net current liabilities**
**Net liabilities**
**Funds of the charity**
Unrestricted funds
**_Total funds_**|**2025**
**£**
177
(550)
(373)
**(373)**
(373)
**(373)**|**2024**
**£**
177
(400)
(223)
**(223)**
(223)
**(223)**|**2024**
**£**
177
(400)
(223)
**(223)**
(223)
**(223)**|
|---|---|---|---|
|||||
||||**(223)**|
||||(223)|
||||**(223)**|
These financial statements were approved by the Trustees on 31 January 2026 & signed on their behalf by:
Pastor Desmond Thomas Trustee
4
**Multiply International Christian Network Notes to the Accounts for the year ended 31 March 2025**
## **1 Accounting policies**
## _**Basis of preparation**_
The Financial Statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities and Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities".
## _**Incoming resources**_
Unrestricted Income comprises donations and is recognised on receipt basis. Restricted Income relates to donations specifically raised for the purchase of land & buildings and is recognised on receipt basis. However, the donors have agreed that that once the primary purpose has been satisfied, any surplus funds remaining will be used for the running of the Charity's ordinary activities.
## _**Depreciation**_
Depreciation is provided at the following annual rates in order to write off each asset over it's estimated useful lives based on reducing balance method.
|Motor Vehicle|25%|
|---|---|
|Equipments|15%|
|Fixtrues & Fittings|20%|
## _**Resources Expended**_
## **Charitable Activities**
These comprise all expenditure directly relating to the objects of the Charity. Support costs are an integral part of the expenses incurred in carrying out those charitable activities, which the Charity was established to perform.
## _**Governance Costs**_
Governance costs comprise the costs of running the charity, including strategic planning for its future development, also includes accountancy & legal fees and all costs relating to consnstitutional and statutory compliance.
## _**Church Rent & Rates**_
At present, we do not have our own property. We are not under any fixed tenancy agreement as most of our activities are conducted at various sites free of charge.
5
## **Multiply International Christian Network Notes to the Accounts for the year ended 31 March 2025**
|**2**
**Creditors: amounts falling due within one year**
Accountancy
TWIC - Payment to RPC for MICN|**2025**
**£**
300
250
**550**|**2024**
**£**
150
250|
|---|---|---|
|||**400**|
## **3 Analysis of net assets between funds**
|**Analysis of net assets between funds**||||
|---|---|---|---|
|**Current assets**
Cash at bank and in hand
**Creditors: amounts falling due within one year**
**At 31 March 2025**|**Unrestricted**
**Funds**
**£**
-
177
177
(550)
**(373)**|**Restricted**
**Funds**
**£**
-
-
-
-
**-**|**Total**
**£**
-
177|
||||177
(550)|
||||**(373)**|
## **4 Trustees Remuneration included in personnel costs**
No remuneration was paid to any of the trustees and their expenses also not borne by the Trust.
6