CHRIST MIRACLE CHURCH MISSION BOURNEMOUTH (VICTORY ASSEMBLY)
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31[st] March 2025
CHARITY NUMBER: 1194892
CHRIST MIRACLE CHURCH MISSION BOURNEMOUTH( VICTORY ASSEMBLY) CHRIST MIRACLE CHURCH MISSION HALL NORWOOD PLACE BOURNEMOUTH DORSET BH5 2AT
INDEX Page Index 1 Legal & Administrative Details 2 Trustee’s Report 3-4 Independent Examiner’s Report 5 Statement of Financial Activities 6 Balance Sheet 7 Notes on the financial Statements 8 -11
1
CHRIST MIRACLE CHURCH MISSION BOURNEMOUTH (VICTORY ASSEMBLY)
LEGAL & ADMINISTRATIVE DETAILS YEAR ENDED 31[ST] MARCH 2025
ADDRESS FOR CORRESPONDENCE
CHRIST MIRACLE CHURCH MISSION HALL NORWOOD PLACE BOURNEMOUTH, DORSET BH5 2AT
REGISTERED CHARITY NUMBER
1194892
GOVERNING DOCUMENT
CIO – FOUNDATION CONSTITUTION 22[nd] JUNE 2021
TRUSTEES/ DIRECTORS
Aderonke Alabi Pastor Mrs Folashade Olatunbosun Adebisi Adeniyi Owoyemi Ayoola Anne Bamgboye
PRINCIPAL BANKERS
Barclays Bank UK PLC 1 Churchill Place London E14 5HP
INDEPENDENT EXAMINER
FRESH FIRE ORGANISATION GENERATOR BUSINESS CENTRE 95 MILES ROAD MITCHAM CR4 3FH
2
CHRIST MIRACLE CHURCH MISSION BOURNEMOUTH (VICTORY ASSEMBLY) TRUSTEES’ REPORT YEAR ENDED 31[st] MARCH 2025
The trustees are pleased to present their report for the year ended 31[ST] March 2025 for the charity, Christ Miracle Church Mission Bournemouth (Victory Assembly) with charity number 1194892.
The Trustees of the charity are: Aderonke Alabi
Adeniyi Owoyemi Ayoola Anne Bamgboye Pastor Mrs Folashade Olatunbosun Adebisi
The principal address of the charity is : Christ Miracle Church Mission Hall Norwood Place, Bournemouth Dorset, BH5 2AT
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity governing document is a CIO – Foundation Constitution registered 22[nd] June 2021 as amended on 17 September 2021.The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.
OBJECTIVES AND ACTIVITIES
The Objects of the organisation are first to advance the Christian faith in accordance with the statement of beliefs for the benefit in the United Kingdom and in such other parts of the world as the trustees may think fit from time to time. The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.
ACHIEVMENTS AND PERFORMANCE
The Organisation held successful meetings through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. The organisation held several worship services during the year in which individuals came from all around the community to attend. The church continues to hold meetings in the new hired premises and this assisted them to reach their community with their message. Another pastor was hired to assist with the setting up of branch churches. The church successfully purchased its own building in the financial year. This positions it in the community to expand its outreach.
3
FINANCIAL REVIEW
The income of the charity is above £225,000. This is a higher amount than last year for the year, the costs have been well managed over this period. The organisation is still in a good position to manage its costs. The main cost of the organisation was paying for the hire of the hall that the organisation used and the employees of the charity.
PLANS FOR THE FUTURE
The church intends to continue to host its regular services during the year. The intended re-appointment of our present independent examiner at the upcoming trustee meeting is expected to support the financial operations by making it more effective.
RESERVE POLICY
It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure. This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to maintain this level throughout the year.
RISK MANAGEMENT
The charity have assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.
TRUSTEE RESPONSIBILITIES
Under the Charities Act 2011, the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:
-
Select suitable accounting policies and apply them consistently.
-
Make judgements and estimates that are reasonable and prudent.
-
State whether the applicable accounting standards have been followed.
-
Prepare financial statements on an ongoing basis.
They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.
Approved by the Trustees on 28[th] January 2026 and signed on their behalf by:
4
Independent Examiner’s Report To the Trustees
CHRIST MIRACLE CHURCH MISSION BOURNEMOUTH (VICTORY ASSEMBLY)
I report on the accounts of the church for the year ended 31[st] March 2025 set out on the following pages which have been prepared on the basis of the accounting policies shown in the corresponding pages.
Respective responsibilities of trustees and examiner
The trustees of the church are responsible for the preparation of accounts: they consider that the audit requirement under section 43(2) of the Charities Act 1993 (the 1993 Act),does not apply. It is my responsibility to :
-
Examine the accounts under section 43(3) of the 1993 Act.
-
Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 43(7)(b) of the 1993 Act.
-
State whether particular matters have come to my attention.
Basis of Independent examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the church 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 you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In the course of my examination, no matter has come to my attention;
-
(1) which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that:
-
proper accounting records are kept( in accordance with section 41 of the Act)
-
accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act: or
-
(2) to which , in my opinion , attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Chuks Ajuka FICB PMDIP (License Number 17362) Fresh Fire Organisation Generator Business Centre 95 Miles road Mitcham Surrey CR4 3FH
5
CHRIST MIRACLE CHURCH MISSION BOURNEMOUTH ( VICTORY ASSEMBLY)
Statement of Financial Activities for the year ended 31st March 2025
| Incoming ResourcesNote from generated funds Donations and Legacies 2 Investment income 3 Other Total Incoming Resources Resources Expended Expenditure on: Charitable Activities 5 Other 4 Total Resources Expended Net movement in funds Other recognised losses Loss on investments Reconciliation of Funds Total Funds brought forward Total Funds carried forward |
Unrestricted Total Funds Funds 2025 2024 £ £ £ 225051 225051 98022 0 0 0 |
|---|---|
| 225051 225051 98022 |
|
| 225051 225051 98022 |
|
| 125,797 125,797 73806 1293 1293 1650 |
|
| 127,090 127,090 75456 |
|
| 97,961 97,961 22566 0 0 0 38428 38428 15862 136,389 136,389 38428 |
The above funds are all classed as to purpose All movements of funds and all recognised gains and losses are included above.
The notes on the accounts form part of these accounts.
6
CHRIST MIRACLE CHURCH MISSION BOURNEMOUTH (VICTORY ASSEMBLY) Balance Sheet as at 31st March 2025
| Note 2025 Fixed Assets £ Tangible fixed assets 5 408169 408169 Current Assets Cash at bank and 24511 in hand Debtors & prepaymen 9 0 24511 Creditors:amounts falling due within one year Creditors & accruals 8 600 Net Current Assets 23911 Creditors:amounts falling due after one year 10 295691 Net Assets 136389 Unrestricted Funds 136389 TOTAL FUNDS 136389 |
2024 £ 10211 |
|---|---|
| 10211 | |
| 28617 0 |
|
| 28617 400 ___ |
|
| 28217 0 |
|
| 38428 38428 ___ |
|
| 38428 |
Approved by the trustees on 28th January 2025 and signed on their behalf by :
The notes on these accounts form part of these accounts
7
CHRIST MIRACLE CHURCH MISSION BOURNEMOUTH (VICTORY ASSEMBLY)
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2025
1) Accounting Policies
These accounts have been prepared under the historic cost convention with items Recognised at cost or transaction values otherwise stated in the relevant note(s) to These accounts. The accounts have been prepared in accordance with: The Statement of Recommended Practice: Accounting and Reporting by Charities Preparing their accounts in accordance with the Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014.
- 1.1 Going Concern: The accounts are prepared on a going concern basis.
1.2 The accounts present a true and fair view and no change have been made to the accounting policies adopted.
-
1.3 No changes to the accounting estimates have occurred in the reporting period
-
1.5 No material prior year error have been identified in the reporting period.
Recognition of Income
These are included in the Statement of Financial Activities (SOFA) when:
-
The charity becomes entitled to resources;
-
It is more likely than not that the trustees will receive the resources;
-
The monetary value can be measured with sufficient reliability.
Grants and Donations
Grants and Donations are only included in the SOFA when the general income recognition criteria are met (5.10 to 512 FRS102 SORP)
.
Tax reclaim on donations and gifts
Gift Aid receivable is included in the income when there is a valid declaration from the donor. Any gift aid amount recovered on a donation is considered to be part of that gift and is treated in addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
EXPENDITURE AND LIABILITIES
Liability Recognition
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
Grants and Support Costs
Support costs have been allocated between the governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
8
CHRIST MIRACLE CHURCH MISSION BOURNEMOUTH (VICTORY ASSEMBLY) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2025
Creditors
The charity has creditors which are measured at settlement amounts less any trade discounts.
ASSETS
Tangible Fixed Assets for use by the charity
They are capitalised if they can be used for more than one year. They are valued at cost. The depreciation is calculated at 20% reducing balance method.
Debtors
Debtors are measured on initial recognition at settlement amount. Subsequently they are measured at cash.
.
9
CHRIST MIRACEL CHURCH MISSION BOURNEMOUTH (VICTORY ASSEMBLY) Notes to the accounts for year ended 31st March 2025
Donations
| Unrestricted Total fundsTotal funds Funds Restricted 2025 2024 Church collections £ £ £ £ All donations 225051 225051 98022 _________ Total 225051 225051 98022 ______ Investment income Unrestricted Total fundsTotal funds Funds £ 2025/£ 2024/£ Bank Interest 0 0 0 Other amount £/2025 Amount £/2024 Charity Donations 0 1650 Grants to individuals<£1500 450 0 giving Mission 843 0 ___ Total 1293 1650 ______ Tangible Fixed AssetLand Instrument Fittings Equipment Vehicle Total 2024 Cost £ £ £ £ £ £ At 01/04/2024 0 2222 0 5435 5370 13027 Additions 400000 0 0 0 0 400000 At 31/03/2025 400000 2222 0 5435 5370 413027 Depreciation At 01/04/2024 800 0 1032 984 2816 charge for the year 284 0 881 877 2042 At 31/03/2025 1084 0 1913 1861 4858 NBV at 31/03/2025 400000 1138 0 3522 3509 408169 NBV at 01/04/2024 0 1422 0 4403 4386 10211 |
Unrestricted Total fundsTotal funds Funds Restricted 2025 2024 Church collections £ £ £ £ All donations 225051 225051 98022 _________ Total 225051 225051 98022 ______ Investment income Unrestricted Total fundsTotal funds Funds £ 2025/£ 2024/£ Bank Interest 0 0 0 Other amount £/2025 Amount £/2024 Charity Donations 0 1650 Grants to individuals<£1500 450 0 giving Mission 843 0 ___ Total 1293 1650 ______ Tangible Fixed AssetLand Instrument Fittings Equipment Vehicle Total 2024 Cost £ £ £ £ £ £ At 01/04/2024 0 2222 0 5435 5370 13027 Additions 400000 0 0 0 0 400000 At 31/03/2025 400000 2222 0 5435 5370 413027 Depreciation At 01/04/2024 800 0 1032 984 2816 charge for the year 284 0 881 877 2042 At 31/03/2025 1084 0 1913 1861 4858 NBV at 31/03/2025 400000 1138 0 3522 3509 408169 NBV at 01/04/2024 0 1422 0 4403 4386 10211 |
Unrestricted Total fundsTotal funds Funds Restricted 2025 2024 Church collections £ £ £ £ All donations 225051 225051 98022 _________ Total 225051 225051 98022 ______ Investment income Unrestricted Total fundsTotal funds Funds £ 2025/£ 2024/£ Bank Interest 0 0 0 Other amount £/2025 Amount £/2024 Charity Donations 0 1650 Grants to individuals<£1500 450 0 giving Mission 843 0 ___ Total 1293 1650 ______ Tangible Fixed AssetLand Instrument Fittings Equipment Vehicle Total 2024 Cost £ £ £ £ £ £ At 01/04/2024 0 2222 0 5435 5370 13027 Additions 400000 0 0 0 0 400000 At 31/03/2025 400000 2222 0 5435 5370 413027 Depreciation At 01/04/2024 800 0 1032 984 2816 charge for the year 284 0 881 877 2042 At 31/03/2025 1084 0 1913 1861 4858 NBV at 31/03/2025 400000 1138 0 3522 3509 408169 NBV at 01/04/2024 0 1422 0 4403 4386 10211 |
|---|---|---|
| 400000 | 2222 0 5435 5370 413027 800 0 1032 984 2816 284 0 881 877 2042 |
|
| 400000 0 |
1084 0 1913 1861 4858 1138 0 3522 3509 408169 1422 0 4403 4386 10211 |
11
CHRIST MIRACLE CHURCH MISSION BOURNEMOUTH (VICTORY ASSEMBLY) Notes to the accounts for year ended 31st March 2025
| **6 ** | Cost of Activities in furtherance of Charity's Objectives | Cost of Activities in furtherance of Charity's Objectives | Cost of Activities in furtherance of Charity's Objectives |
|---|---|---|---|
| Unrestricted | 2025/£ | 2024/£ | |
| Travel | 1710 | 1286 | |
| Web hosting | 0 | 130 | |
| Hall Hire | 11840 | 14847 | |
| Church events | 150 | 1187 | |
| Refreshments | 210 | 1094 | |
| Wages | 65895 | 40056 | |
| National Insurance | 7013 | 7316 | |
| Professional fees | 24941 | 1244 | |
| Church Supplies | 497 | 1083 | |
| Depreciation | 2042 | 1327 | |
| Stationery & Printing | 272 | 553 | |
| Subscriptions | 346 | 423 | |
| Media Services | 0 | 2224 | |
| Insurance | 2268 | 956 | |
| Repairs/ Maintenance | 4099 | 80 | |
| Welfare | 55 | 0 | |
| Light & Heat | 492 | 0 | |
| Rates | 30 | 0 | |
| Mortgage Interest | 863 | 0 | |
| Consultancy fees | 3074 | ||
| Total | 125797 | 73806 |
| Staff Costs Salaries HMRC Total |
2025/£ 2024/£ 65894 40056 7013 7316 |
|---|---|
| 72907 47372 |
No employee earned more than £50,000 p.a. There was 3 employees during the year.
8 Creditors: amounts falling due within one year 2025/£ 2024/£ Creditors 600 400
Trustee Remuneration
No trustee received any remuneration during the financial year
| 9 Debtors and Prepayments Debtors 10 Creditors: amounts fallng more than one year Mortgage |
2025/£ 2024/£ 2025/£ 2024/£ 295691 0 |
|---|---|
| 295691 0 |
12