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2025-06-30-accounts

Christ Universal Impact Outreach Ministries Charity No. 1208526

Trustees' Report and Unaudited Accounts For the period ended 30 June 2025

B M Cooper & Co. Limited Chartered Certified Accountants

88 Wood Lane

Dagenham Essex RM9 5SL

Christ Universal Impact Outreach Ministries Contents

Pages
Trustees' Annual Report 2 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Accounts 7 to 12
Detailed Statement of Financial Activities 13 to 14

Page 1

Christ Universal Impact Outreach Ministries Trustees Annual Report

The Trustees present their report with the unaudited financial statements of the charity for the period ended 30 June 2025.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1208526

Trustees

The following Trustees served during the year: Ayodeji Fadero Michael Joshua Olubodun Ogunsina

Accountants

B M Cooper & Co. Limited 88 Wood Lane Dagenham Essex RM9 5SL

OBJECTIVES AND ACTIVITIES

The charity's objects are:-

To advance the Christian faith in accordance with the statement of beliefs by the holding of prayer meetings, lectures, public celebration of religious festivals, producing and/or distributing literature on Christianity to enlighten others about the Christian faith as the trustees from time to time may think fit.

FINANCIAL REVIEW

The total incoming resources for the year amounted to £74,678 and the total resources expended amounted to £70,208 leaving a net surplus for the year of £4,470. The balance of funds as at 30th June 2025 was a surplus of £4,470.

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves was maintained throughout the year.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The charity was established as a Charitable Unincorporated charity by constitution dated 4th June 2024 and it is a registered charity.

Trustees are selected from long standing members of the congregation and people from outside of the church who are familiar with and have an empathy with the Church's objectives.

Page 2

Christ Universal Impact Outreach Ministries Trustees Annual Report

Statement of trustees' responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed on behalf of the charity's trustees

..................................................... Ayodeji Fadero Trustee 23 November 2025

Page 3

Christ Universal Impact Outreach Ministries Independent Examiners Report

Independent Examiner's Report to the trustees of Christ Universal Impact Outreach Ministries

I report to the trustees on my examination of the accounts of Christ Universal Impact Outreach Ministries for the period ended 30 June 2025 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011('the Act'). The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed.

I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

........................................ Mr. B. M. Kalejaiye FCCA ACCA B M Cooper & Co. Limited 88 Wood Lane

Dagenham Essex RM9 5SL

23 November 2025

Page 4

Christ Universal Impact Outreach Ministries Statement of Financial Activities For the period ended 30 June 2025

Notes
Income and endowments
from:
Donations and legacies
2
Total
Expenditure on:
Charitable activities
3
Other
4
Total
Net gains on investments
Net income
Transfers between funds
Net income before other
gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds carried forward		 Unrestricted
funds
2025
£
74,678		 Total funds
2025
£
74,678
74,678
55,810
14,398		 74,678
55,810
14,398
70,208
-		 70,208
-
4,470
-		 4,470
-
4,470 4,470
4,470 4,470
4,470 4,470

Page 5

Christ Universal Impact Outreach Ministries Balance Sheet At 30 June 2025

Charity No. 1208526
Current assets
Debtors
6
Cash at bank and in hand
Creditors:Amount falling due within one year
7
Net current assets
Total assets less current liabilities
Net assets excluding pension asset or liability
Total net assets
The funds of the charity
Restricted funds
8
Unrestricted funds
8
General funds
Reserves
8
Total funds		 2025
£
3,401
1,849
5,250
(780)
4,470
4,470
4,470
4,470
4,470
4,470
4,470

Approved by the trustees on 23 November 2025

And signed on their behalf by:

................................................... Ayodeji Fadero Trustee 23 November 2025

Page 6

Christ Universal Impact Outreach Ministries Notes to the Accounts For the period ended 30 June 2025

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with 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 if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Change in basis of accounting or to previous

accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. These are unrestricted funds earmarked by the trustees for particular Designated funds purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Page 7

Christ Universal Impact Outreach Ministries Notes to the Accounts Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the income charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Income with related Where income has related expenditure the income and related expenditure expenditure is reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included legacies in the the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in and facilities expenditure) where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to revaluation of fixed market value at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Expenditure

Taxation

The charity is exempt from tax on its charitable activities.

Page 8

Christ Universal Impact Outreach Ministries Notes to the Accounts

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Page 9

Christ Universal Impact Outreach Ministries Notes to the Accounts Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Income from donations and legacies

Income from donations and legacies
Tithes and offerings Unrestricted
£
74,678
74,678		 Total
2025
£
74,678
74,678

Page 10

Christ Universal Impact Outreach Ministries Notes to the Accounts 3 Expenditure on charitable activities

Expenditure on charitable
activities
Benevolence and love
offerings
Charitable donations
Community relief
Evangelism
Honoraria and gift aid
mission
Governance costs
Accountancy fees
Legal and professional fees
4
Other expenditure
Motor and travel costs
Premises costs
General administrative
costs		 Unrestricted
£
6,255
5,254
9,973
19,793
11,413
780
2,342
55,810
Unrestricted
£
1,227
10,828
2,343
14,398		 Total
2025
£
6,255
5,254
9,973
19,793
11,413
780
2,342
55,810
Total
2025
£
1,227
10,828
2,343
14,398

5 Staff costs

No employee received emoluments in excess of £60,000.

6 Debtors

6
Debtors
Other debtors
7
Creditors:
amounts falling due within one year
Accruals and deferred income		 2025
£
3,401
3,401
2025
£
780
780

Page 11

Christ Universal Impact Outreach Ministries Notes to the Accounts 8 Movement in funds

Restricted funds:
Unrestricted funds:
General funds
Revaluation Reserves:
Total funds
9
Analysis of net assets between funds
Net current assets
10 Reconciliation of net debt
Cash and cash equivalents
Net debt		 Incoming
resources
(including
other
gains/losses
)
£
74,678
74,678		 Resources
expended
£
(70,208)
(70,208)
Unrestricted
funds
£
4,470
4,470
Cash flows
£		 At 30 June
2025
£
4,470
4,470
Total
£
4,470
4,470
At 30 June
2025
£
1,849 1,849
1,849
1,849		 1,849
1,849

Page 12

Christ Universal Impact Outreach Ministries Detailed Statement of Financial Activities For the period ended 30 June 2025

Income and endowments from:
Donations and legacies
Tithes and offerings
Total income and endowments
Expenditure on:
Charitable activities
Benevolence and love offerings
Charitable donations
Community relief
Evangelism
Honoraria and gift aid mission
Governance costs
Accountancy fees
Legal and professional fees
Total of expenditure on charitable
activities
Motor and travel costs
Vehicles - General costs
Premises costs
Premises repairs and maintenance
General administrative costs,
including depreciation and
amortisation
General insurances
Books and tapes
Stationery and printing
Sundry expenses
Total of expenditure of other costs
Total expenditure
Net gains on investments		 Unrestricted
funds
2025
£
74,678
74,678
74,678
6,255
5,254
9,973
19,793
11,413
52,688
780
2,342
3,122
55,810
1,227
1,227
10,828
10,828
278
100
1,815
150
2,343
14,398
70,208
-		 Total funds
2025
£
74,678
74,678
74,678
6,255
5,254
9,973
19,793
11,413
52,688
780
2,342
3,122
55,810
1,227
1,227
10,828
10,828
278
100
1,815
150
2,343
14,398
70,208
-

Page 13

Net income
Net income before other
gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
Christ Universal Impact Outreach Ministries
Detailed Statement of Financial Activities		 4,470
4,470
-
4,470
-
4,470
4,470
4,470
-
4,470
-
4,470

Page 14