Carmel Ministries International

	Page
Reference and Administrative Details	1
Trustees' Report	3—6
Independent Examiner's Report	7
Statement of Financial Activities (including Income and Expenditure Account)	8
Comparative Statement of Financial Activities (including Income and Expenditure Account)	9
Balance Sheet	10
Cash Flow Statement	11
Notes to the Cash Flow Statement	12
Notes to the Financial Statements	13—23

Structure, governance and management

Nature of governing document

The organisation is a charitable company limited by guarantee, incorporated on 5 July 2002 and registered as a Charity on 4 October 2002. A review of the Articles has been undertaken to ensure they are in line with current legal and best practices and was adopted by Special Resolution on the 27 October 2016.

Recruitment and appointment of Trustees

The directors of the company are also the Trustees for the purposes of Charity Law. Under the requirements of the Memorandum and Articles of Association, the Trustees are not subject to retirement by rotation. Unless otherwise determined by the Charity in a general meeting, the term of office of a trustee shall continue until he/she retires or is removed in accordance with the relevant provisions of the Articles. In the event of the appointment of a new Trustee, a full induction and training program will be developed in line with the prevailing best practices as set out at the time by the Charity Commission.

Organisational structure

The Trustees provide strategic and visionary leadership to the organisation. Within the guidelines laid down by the Trustees, daily operational decisions are made under the direction of the Chief Executive Officer. Carmel Christian Centre is managed by the CEO who is responsible for the strategic and operational management and reports directly to the Chair of Trustees. Day to day accountability for the provision of the services rest with the Chief Executive along with the Company Secretary. The Chief Executive is responsible for ensuring that the Charity delivers the services specified and that key performance indicators are met. The charity has outsourced our Human Resources to ensure that we continue to develop the skills and working practices in line with government legislation and good practice. We have also outsourced our financial and payroll processing to Accountants247 Limited.

Risk management

All financial transactions are processed via a rigorous system that ensures that all transactions are authorised by a senior member of staff. All members of staff completed Health and Safety and safeguarding training to ensure that our systems and procedures are up to date and comply with all relevant legislation and mitigate harm to people in the building as far as possible. Levels of risk are monitored by members of the Executive management team, and reported on, and dealt with as appropriate. Our risks include:

Fire at the building. This is mitigated by ensuring that our electrical installation is in a safe condition, that our portable appliances are regularly tested and confirmed safe. A remotely monitored fire and smoke alarm ensures that the Avon Fire and Rescue crews are called to the building in the event of an alarm. All firefighting equipment is maintained by a specialist firm through annual inspection.

...CONTINUED

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Carmel Ministries International

Reference and Administrative Details (continued)

For The Year Ended 31 October 2025

Theft and criminal damage. This is mitigated by installing a dual PIR sensor alarm system throughout the building. This is regularly maintained by a specialist alarm firm and is monitored by a remote alarm centre. The system includes an auto dialer that connects to the local Police Force in the event of an activation whilst the building is closed. Whilst the building is open, all access doors are protected by swipe card access points so that casual visitors cannot access the building without the appropriate equipment.

Reputational damage and risk of closure. Inability of our key personnel to be able to deliver public speaking engagements thereby affecting our voluntary income on a Sunday. This risk is mitigated by developing strength in depth of those that can deliver public speaking engagements should the designated speaker not be available.

We maintain a Social Media policy to ensure our media exposure is maintained to a high standard.

Data Loss. Our IT systems have been built to ensure a robust backup of business-critical data, and we are exploring the extension of that to include cloud-based backups as an additional layer of backup.

Local civil unrest. This is mitigated by the installation of a secondary alarm in the building. It is used when the building needs to be locked down, and alert users not to leave the building. Safeguarding policy ensures compliance with legislation and local authority requirements. Outside scrutiny Carmel Ministries International is scrutinised by several outside public bodies. As a Charitable Company we are regulated by both Companies House (Company registered number 4478212) and the Charity.

Outside Scrutiny

Carmel Ministries International is scrutinised by several outside public bodies. As a Charitable Company we are regulated by both Companies House [Company registered number 4478212) and the Charity Commission [Charity registered number 1094052). The building is registered as required by the Places of Worship Registration Act 1855. The building is registered for the purposes of marriage under the Marriage Act 1949, Section 41.

Whistleblowing Policy

Employees may, in carrying out their responsibilities, have access to, or encounter, information of a confidential nature. The terms and conditions provide that except in the proper performance of their duties, employees are forbidden from disclosing, or making use of in any form whatsoever, such confidential information. However, the law allows employees to make a "protected disclosure" of certain information. To be "protected" a disclosure must relate to a specific subject matter (listed below) and the disclosure must be made in an appropriate way. If in the course of employment, an employee becomes aware of information which they reasonably believe tends to show one or more of the following, they must use the Company's disclosure procedure set out below:

a) That a criminal offence has been committed, is being committed, or is likely to be committed.

b) That a person has failed, is failing, or is likely to fail to comply with any legal obligation to which he/she is subject.

c) That a miscarriage of justice has occurred, is occurring, or is likely to occur.

d) That health or safety of any individual has been, is being, or is likely to be endangered.

e) That the environment has been, is being, or is likely to be damaged.

f) That information tending to show any of the above has been, is being, or is likely to be deliberately concealed.

Disclosure procedure

Information which an employee reasonably believes to show one or more of the above should promptly be disclosed to their manager/supervisor so that any appropriate action can be taken. If it is inappropriate to make such a disclosure to the manager/ supervisor, the employee should speak to Rev. Sean Leask. Employees will suffer no detriment of any sort for making such a disclosure in accordance with this procedure. However, failure to follow this procedure may result in the disclosure of information losing its "protected status". For further guidance in relation to this matter or concerning the use of the disclosure procedure generally, employees should speak in confidence to Rev. Sean Leask.

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Carmel Ministries International

Company No. 04478212

Trustees' Report For The Year Ended 31 October 2025

Trustees' Report

The trustees present their report and the financial statements for the year ended 31 October 2025.

Objectives and Activities

Aims and Objectives

Objects and Aims

The objects of the Charity are:

"Advance the Christian Faith in accordance with the Statement of Beliefs in such parts of the United Kingdom and the world as the Trustees may from time to time think fit. " Other such purposes which are exclusively charitable according to the law of England and Wales and relate to the charitable work of the Charity.

Public benefit The Trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have dueregard to the public benefit guidance published by the Charity Commission for England and Wales. In line with

Charity Commission guidelines the Trustees continually review the Charity's fulfillment of public benefit.

As outlined above the Charity's Aims are to:

1. Promote religion through the promotion of the Christian Faith; and to

2.Undertake such purposes which are exclusively charitable as defined within the law of England and Wales.

The primary purpose of the Charity is to promote the Christian Faith. To support this aim, the Charity provides a building as a place of worship which the public is free to attend. Access is continually reviewed in the light of relevantdi sability legislation to ensure public worship services are as fully accessible as possible. The building has clear

external signs and has invested in large road front signage that promotes visibility. The Charity maintains a website that provides full details of the services provided, including the open public worship services, and ensure as far as is possible that internet search engines return that website address on the first page of results. Following the

Charity Commission's guidance, the Trustees believe that this provision satisfies the test for public benefit.

Notwithstanding that, the Trustees ensure that the following services are provided that further promote aim number

1 - the promotion of religion. Conducting Christian instruction for children during open worship services. Conducting religious ceremonies such as weddings and funerals. Providing forums where enquirers can investigate the Christian Faith without obligation, specifically:

- Through street teams.

- Through the provision of food on the street to the homeless.

- Through UK based and international mission activities.

Writing, producing and promoting Christian books. Teaching a course introducing new converts to the basics of the Christian Faith. Visiting the sick in hospitals. Continuing within these aims, during the past year the Charity fulfils the 'other such purposes' charitable function as set out below.

1.1. The prevention or relief of poverty

1.2. The advancement of the arts

In fulfillment of aim 2, the Trustees note the following activities that fulfil Public Benefit.

2.1 The relief of those in need, by reason of youth, age, ill-health, disability, financial hardship, or those that are disadvantaged.

2.2 Provide debt management advice. Run a Money Management course.

2.3 Making free courses available covering pre-Marriage counselling; Marriage counselling; Divorce counselling and Bereavement counselling. Teaching a

course of the basics of the Christian Faith in local prisons.

2.4. Provide at cost price the basics course to other churches. Stream Christian material via the internet

2.5 Convening times of Christian worship in four local prisons. Assisting in the Chaplaincy duties at local prisons.

2.6 Writing, producing and presenting public performances of plays and musicals written by members of the Charity. Encouraging prayer, praise and study.

2.7 Empower creative designers with freelance and internship work, to enable them to improve their employability potential.

Future plans to fulfil the Public Benefit requirement are:

1. Grow our services in the community.

2. Greater joint working initiatives with other charities and churches

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Carmel Ministries International

Trustees' Report (continued)

For The Year Ended 31 October 2025

Significant Activities

Objectives, strategies and activities

The main objectives and activities for the year continued to be focused on the promotion of the Christian faith, education, improvement of life skills and family values, childcare and alleviation of poverty.

The strategies employed to assist the Charity to meet these objectives included the following:

- Providing a range of services within the community which are reflective of relevant quality standards and addressing the potential and ongoing

challenges.

- Feeding and clothing the homeless and deprived as well as the relief of poverty in our local community.

- Providing educational support and services to the community. - Education and care of children and youth.

- Engaging with the Prison Chaplaincy Service to provide spiritual support and guidance to four local prisons.

- Missions and services worldwide.

- Internet streaming of church services.

- Build relationships with other Christian Ministries around the world.

- Provide work experience to help people 'get back to work' or join a new workforce.

- Host conferences to further the Christian Faith.

- Continuation of the vision to find ways and means of reaching out to the community, being proactive in assessing and strategizing the right approach to the needs of people we contact or who contact us.

Our Mission is clear.

Carmel's mission statement is Luke 9:2 'He sent them to preach the Kingdom of God and to heal the sick' which was given to us in 1994 and has become focal point of all we do and helps us navigate God's unfolding plan for Carmel. To achieve this God gave us a 4- phase strategy: Which is to cover our city, bless our neighbours, send to the nation, and touch the world, this allows us to multiply globally establishing the vision of God. The concept of one Church, many locations is the Blueprint of the Mission, Strategy and Process that the vision of Carmel follows. Following this blueprint has seen the work flourish.

Vision

All vision comes from God and with this He gives a strategy for its fulfilment. God had a vision of man when he created the heavens and the earth! He had a vision of redemption when man fell, He had a vision for the church when Jesus Christ returned to heaven, and He has a vision for His bride for when He returns. Vision is a practical and purposeful necessity for believers in today's world. It is our responsibility to draw near to God to find out just what it is. Carmel's vision is rooted in four basic instructions which align us with the book of Acts 2:42 (MEV) They continued steadfastly in the apostles' teaching and fellowship, in the breaking of bread and in the prayers.

Vision Values

We all have an important role to play in seeing the vision established in preparation for the return of Christ, we have been ploughing and planting for over 20 years with many ministries being birthed and many finding their place in the global family of God. It is time for the great harvest of souls and God has given us this window of opportunity.

Strategic report

The following sections for achievements and performance and financial review form the strategic report of the charity.

Achievements and Performance

Main Achievements

•The vision for 2025 was the year Thrive – accelerating into promise.

For us, this meant a focus on church growth both spiritually and functionally to increase fruitfulness.

Firstly, a focus on the study of the Bible, to increase knowledge and understanding for effective spiritual growth.

Secondly, a focus on kingdom outcomes to go into all the world and preach the gospel. Increase outreach opportunities and programs in the community to help others.

As a church we looked at growing our capacity in three key areas: Spiritual growth and Missionally as an extension of discipleship. Relational, physical and emotional healing. Further developing our structure, specifically as it pertains to our leadership teams as well as reinforcing the church structures as an expression of the foundational vision of the church.

Thirdly some practical goals of renovating and refurbishing the parts of the building.

The vision for 2025 was largely a success with significant positive movement measured in every area that we set ourselves.

Conferences: In June of this year, we held a ladies conference called ‘Flourish’ which was attended by about 123 ladies from within church and the wider community. Ps Ilke Peh from RMI was the guest speaker. A men's conference ‘God Chasers’ was held in April, and the guest speaker was Ps John Quintanilla. We also held an Overflow Conference in October with P Marcus Tankard to encourage the believers in our community to deepen their relationship with God and grow in biblical knowledge.

...CONTINUED

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Carmel Ministries International

Trustees' Report (continued)

For The Year Ended 31 October 2025

Main Achievements - continued

Community Outreach: We continued to be involved in the feeding the homeless and reaching out to the needy in our community. We also continued with our visits to Eastwood Park prison and the men's prison in Pucklechurch. At Christmas time we sent 400 gifts to the Eastwood Park prison. We prepared 120 Hampers for those in the community that needed help.

Community Development: During this year we held weekly church bible studies as well as separate bible study sessions for both men and women. At Easter time we held a community outreach handing out Easter eggs and offering free face painting to children. We also had community movie nights and a Christmas event. Marion Meyers, Lucy Edwards and Matthew Cullis were other guest speakers invited to minister to the church this year. We increased the children church reach by starting up Toddler church for the 0-3 and ‘Firestarters’ for those aged between 12-16 on Sunday mornings. We also held a marriage enrichment brunch as well as a child training course. A volunteer training day was held to cover the basic of Safeguarding.

We replaced the lights in the auditorium and improves the sound system.

Every year we build on the platform of the previous year, it is not a change of focus but rather an unfolding revelation of God's building plan. It is never comfortable and requires us to grow in ourselves that will release the potential that may be lying dormant in us, it also presents us with the opportunity to learn and employ our gifting to the Glory of God.

Financial Review

Financial Position

The principal funding sources of the Charity are by way of donations given mainly by the congregation in the form of tithes and offerings.

These are free will gifts given without expectation of favour, reciprocal gift, or nor specifies that a donation is to be used for a specified purpose, the amount will be treated as restricted funds. Qualifying expenditure is set againstthe restricted funds. Designated funds are unrestricted funds that the Trustees have designated for a specificpurpose.

Income generated from designated funds is treated as general income. General funds are neither designated nor restricted. Overall income for the year was £295,338 (2024: £285,569), and total expenses.£292,467 (2024: £325,164). The Trustees are aware of these expenses and formally approved them at the Trustees meetings as they are presented.

Reserves Policy

Carmel Ministries International general fund is an unrestricted income fund and therefore requires a reserve policy. Whilst the policy remains to maintain reserves, the Trustees are very aware of the general legal duty to apply charitable funds within a reasonable time of receiving them and have actively encouraged delegated staff to utilise funds on charitable purposes within their charitable objectives and in a manner that as far as possible meets donor's wishes. It is noted that several donors may specify that their funding is intended to provide funding for aspecified project. Where this is specifically restricted, the project funding will be ring fenced into a Restricted fund and will not form part of this reserve policy.

The Trustees have conducted a thorough review of the major risks that would prevent the Charity carrying out its normal weekly operation (see above) and are satisfied that sufficient steps have been taken to mitigate those risks sufficiently to ensure continued operation. The Trustees are confident that in the event of a catastrophic event that affects the building that they could call on the church members to continue to support the Charity through voluntary donations direct into the various bank accounts until such time as the building is brought back into operation.

The Trustees note that the current Free Reserves stand at £21,835 and are satisfied that future, together with improvements to income due after the Balance Sheet date on The Charity as a Going Concern, will bring the Free Reserves in line with this policy. Going forward the Trustees will regularly review this Policy with the intention that Free Reserves will be held at a level commensurate with three months fixed costs for the Charity.

Going Concern

The Trustees have reviewed the current environment in which the Charity operates and are satisfied that there are strong reasons to believe that the Charity will be a going concern into the future. There have been no issues that have arisen since the Balance Sheet date that would require the Trustees to liquidate the Charity or to cease its

activities. The numbers of individuals attending the Church is steady, and with it the voluntary income that arises from that constituency. The Bible Institute is is going well with a new cohort of part time students that has improved the fee income from the Institute. The Trustees also note that the debt outstanding on the mortgage charge over

the main building has been satisfied. This has led to a total reduction on the amount of interest charged by said lender, thus removing the pressure on expenditure. Cash position has improved significantly, however remains an ongoing challenge within the ministry and all operations are managed in accordance with the weekly cash flow reporting structure.

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Carmel Ministries International

Trustees' Report (continued)

For The Year Ended 31 October 2025

Plans for future periods

To ensure that the Charity discharges its responsibilities to the Charity Commission, the Trustees will investigate the legal avenues that can be used to ensure that any trading activities of the Charity do not breach Charity requirements. To ensure the continued comfort and wellbeing of the congregants on the weekend, as well as the workload of the teams involved on a weekend, the Trustees will continue to investigate the options for optimising

the main auditorium capacity. We will investigate working in partnership with organisations in the UK and overseasto deliver support to those in greatest need within society.

Small Company Rules

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The trustees' report was approved by the board of trustees and signed on its behalf by:

Miss Gerardina MEYERS

Trustee

05/06/2026

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Carmel Ministries International

Independent Examiner's Report to the Trustees of Carmel Ministries International

For The Year Ended 31 October 2025

Independent Examiner's Report to the Trustees of Carmel Ministries International

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 October 2025.

Responsibilities and Basis of Report

As the charity trustees of the Company (and also its directors for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent Examiner's Statement

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales ("ICAEW"), which is one of the listed bodies.

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

accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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.

Accountants247 Limited

05/06/2026

The Heath Business and Technical Park
Block 5, Room 5172
Runcorn
Cheshire
WA7 4QX

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Carmel Ministries International

Statement of Financial Activities (including Income and Expenditure Account)

For The Year Ended 31 October 2025

Statement of Financial Activities (including Income and Expenditure Account)

				2025	2024
		Unrestricted funds	Restricted funds	Total funds	Total funds
	Notes	£	£	£	£
INCOME AND ENDOWMENTS FROM:
Donations and legacies	3	233,769	1,280	235,049	275,234
Charitable activities:	4
Building Fund		49,648	-	49,648	2,191
Ministry		6,308	-	6,308	186
Investments	5	-	-	-	3,209
Other	6	4,333	-	4,333	4,749

		294,058	1,280	295,338	285,569

EXPENDITURE ON:
Raising funds	8	(1,198 )	-	(1,198 )	(5,818 )
Charitable activities:	8
Charitable Activities		(286,006 )	(5,262 )	(291,268 )	(319,345 )

		(287,204 )	(5,262 )	(292,466 )	(325,163 )

NET INCOME/(EXPENDITURE)		6,854	(3,982 )	2,872	(39,594 )


NET MOVEMENT IN FUNDS		6,854	(3,982 )	2,872	(39,594 )
RECONCILIATION OF FUNDS:
Total funds brought forward		793,206	3,982	797,188	836,782

TOTAL FUNDS CARRIED FORWARD	17	800,060	-	800,060	797,188

The notes on pages 12 to 20 form part of these financial statements.

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Carmel Ministries International

Comparative Statement of Financial Activities (including Income and Expenditure Account)

For The Year Ended 31 October 2025

Comparative Statement of Financial Activities (including Income and Expenditure Account)

				2024
		Unrestricted funds	Restricted funds	Total funds
	Notes	£	£	£
INCOME AND ENDOWMENTS FROM:
Donations and legacies	3	273,174	2,060	275,234
Charitable activities:	4
Building Fund		2,191	-	2,191
Ministry		186	-	186
Investments	5	3,209	-	3,209
Other	6	4,749	-	4,749

		283,509	2,060	285,569

EXPENDITURE ON:
Raising funds	8	(5,338 )	(480 )	(5,818 )
Charitable activities:	8
Charitable Activities		(314,108 )	(5,237 )	(319,345 )

		(319,446 )	(5,717 )	(325,163 )

NET EXPENDITURE		(35,937 )	(3,657 )	(39,594 )


NET MOVEMENT IN FUNDS		(35,937 )	(3,657 )	(39,594 )
RECONCILIATION OF FUNDS:
Total funds brought forward		829,143	7,639	836,782

TOTAL FUNDS CARRIED FORWARD	17	793,206	3,982	797,188

The notes on pages 12 to 20 form part of these financial statements.

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Carmel Ministries International

Balance Sheet

As At 31 October 2025

Balance Sheet

				2025	2024
		Unrestricted funds	Restricted funds	Total funds	Total funds
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	13	783,179	-	783,179	782,190

		783,179	-	783,179	782,190
CURRENT ASSETS
Debtors	14	2,989	-	2,989	2,989
Cash at bank and in hand		36,706	-	36,706	28,499

		39,695	-	39,695	31,488
Creditors: Amounts Falling Due Within One Year	15	(22,814 )	-	(22,814 )	(16,490 )

NET CURRENT ASSETS (LIABILITIES)		16,881	-	16,881	14,998

TOTAL ASSETS LESS CURRENT LIABILITIES		800,060	-	800,060	797,188

NET ASSETS		800,060	-	800,060	797,188

FUNDS OF THE CHARITY
Restricted Funds				-	3,982
Unrestricted Funds				800,060	793,206

TOTAL FUNDS	17			800,060	797,188

For the year ending 31 October 2025 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

On behalf of the board

Miss Gerardina MEYERS

Trustee

05/06/2026

The notes on pages 12 to 20 form part of these financial statements.

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Carmel Ministries International

Cash Flow Statement

For The Year Ended 31 October 2025

Cash Flow Statement

		2025	2024
	Notes	£	£
Cash flows from operating activities
Net cash generated from/(used in) operations	1	17,458	(20,095 )
Interest paid		(2,441 )	(1,981 )

Net cash generated from/(used in) operating activities		15,017	(22,076 )

Cash flows from investing activities
Purchase of tangible assets		(6,810 )	(19,474 )
Interest received		-	3,209

Net cash used in investing activities		(6,810 )	(16,265 )



Increase/(decrease) in cash and cash equivalents		8,207	(38,341 )
Cash and cash equivalents at beginning of year	2	28,499	66,840

Cash and cash equivalents at end of year	2	36,706	28,499

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Carmel Ministries International

Notes to the Cash Flow Statement

For The Year Ended 31 October 2025

Notes to the Cash Flow Statement

1. Reconciliation of income/(expenditure) to cash generated from/(used in) operations

	2025	2024
	£	£
Net income/(expenditure)	2,872	(39,594 )
Adjustments for:
Interest expense	2,441	1,981
Interest income	-	(3,209 )
Depreciation of tangible assets	5,821	5,493
Movements in working capital:
Decrease in trade and other debtors	-	9,163
Increase in trade and other creditors	6,324	6,071

Net cash generated from/(used in) operations	17,458	(20,095 )

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

	2025	2024
	£	£
Cash at bank and in hand	36,706	28,499

3. Analysis of changes in net funds

	As at 1 November 2024	Cash flows	As at 31 October 2025
	£	£	£
Cash at bank and in hand	28,499	8,207	36,706

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Carmel Ministries International

Notes to the Financial Statements

For The Year Ended 31 October 2025

Notes to the Financial Statements

1. General Information

Carmel Ministries International is a company limited by guarantee, incorporated in England & Wales, registered number 04478212 and registered charity number 1094052 . The registered office is 817a Bath Road, Brislington, Bristol, Avon, BS4 5NL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "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)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The charitable company is a Public Benefit Entity as defined by FRS 102.

2.2. Going Concern Disclosure

The trustees have not identified any material uncertainties related to events or conditions that may cast significant doubt about the charitable company's ability to continue as a going concern.

2.3. Fund Accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Designated funds comprise unrestricted funds that have been set aside by the trustees for a specific purpose.

Restricted funds are to be used for specific purposes as laid down by the donor.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2.4. Incoming Resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured.

The following specific policies are applied to particular categories of income:

-income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

- legacy income is recognised when receipt is probable and entitlement is

established.

- income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.

- income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unlessth ere is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case itmay be regar ded as restricted.

2.5. Resources Expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

- expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading

activities, and the sale of donated goods.

- expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those

support costs and costs relating to the governance of the charity apportioned to charitable activities.

-other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

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Carmel Ministries International

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

2.6. Tangible Fixed Assets and Depreciation

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Freehold	No Depreciation
Fixtures & Fittings	25% reducing balance
Computer Equipment	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

2.7. Leasing and Hire Purchase Contracts

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

2.8. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.9. Financial Instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

...CONTINUED

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Carmel Ministries International

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

2.9. Financial Instruments - continued

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

2.10. Pensions

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

2.11.

Limited by guarantee

The Charity is limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the Trustees is liable to contribute an amount not exceeding £10 towards the assets of the Charity in the event of liquidation.

3. Income from Donations and Legacies

			2025
	Unrestricted	Restricted	Total
	funds	funds	funds
	£	£	£
Gift aid	44,437	-	44,437
Other:
Tithes and Offerings	189,308	-	189,308
Hamper Offering - Restricted Income	-	1,280	1,280
Income from donations and legacies	24	-	24

	233,769	1,280	235,049

			2024
	Unrestricted	Restricted	Total
	funds	funds	funds
	£	£	£
Gift aid	41,047	-	41,047
Other:
Tithes and Offerings	231,648	-	231,648
Hamper Offering - Restricted Income	-	2,060	2,060
Income from donations and legacies	479	-	479

	273,174	2,060	275,234

4. Income from Charitable Activities

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Carmel Ministries International

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

	2025	2024
	Unrestricted funds £	Unrestricted funds £
Building Fund:
Building Fund	49,648	2,191
Ministry:
Events	2,717	-
Charitable activities - Ladies Ministry	3,231	176
Income - Men's Ministry	360	10

	55,956	2,377

5. Investment Income

	2025	2024
	Unrestricted	Unrestricted
	funds	funds
	£	£
Bank interest receivable	-	3,209

6. Other Income

	2025	2024
	Unrestricted funds	Unrestricted funds
	£	£
Other income	4,103	2,564
Other Income - Reclaimed For Debt	230	177
Gain on disposal of tangible assets	-	2,008

	4,333	4,749

7. Net Income/(Expenditure)

The net income/(expenditure) is stated after charging/(crediting):

	2025	2024
	£	£
Depreciation of tangible fixed assets - owned	5,821	5,493

8. Analysis of Expenditure

			2025
	Activities undertaken directly	Support costs (see note 9 )	Total
	£	£	£
Raising funds	1,194	4	1,198
Charitable Activities	-	291,268	291,268

	1,194	291,272	292,466

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Carmel Ministries International

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

			2024
	Activities undertaken directly	Support costs (see note 9 )	Total
	£	£	£
Raising funds	5,339	479	5,818
Charitable Activities	-	319,345	319,345

	5,339	319,824	325,163

9. Support Costs

			2025
	Raising funds	Charitable Activities	Total
	£	£	£
Employee costs	-	140,233	140,233
Premises expenses	-	37,628	37,628
General administration	4	105,145	105,149
Depreciation	-	5,821	5,821
Interest payable	-	2,441	2,441

	4	291,268	291,272

			2024
	Raising funds	Charitable Activities	Total
	£	£	£
Employee costs	-	129,864	129,864
Premises expenses	-	31,562	31,562
General administration	479	150,445	150,924
Depreciation	-	5,493	5,493
Interest payable	-	1,981	1,981

	479	319,345	319,824

10. Independent Examiner's Remuneration

	2025	2024
	£	£
Independent examination of the financial statements	2,700	2,700

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Carmel Ministries International

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

11. Staff Costs

Staff costs were as follows:

	2025	2024
	£	£
Wages and salaries	123,802	103,457
Social security costs	4,073	4,312
Other pension costs	5,671	4,749

	133,546	112,518

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.

12. Average Number of Employees

Average number of employees during the year was: 4 (2024: 4)

13. Tangible Assets

	Land & Property
	Freehold	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 November 2024	765,717	160,412	6,457	932,586
Additions	-	6,211	599	6,810

As at 31 October 2025	765,717	166,623	7,056	939,396

Depreciation
As at 1 November 2024	-	148,780	1,616	150,396
Provided during the period	-	4,461	1,360	5,821

As at 31 October 2025	-	153,241	2,976	156,217

Net Book Value
As at 31 October 2025	765,717	13,382	4,080	783,179

As at 1 November 2024	765,717	11,632	4,841	782,190

14. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	2,989	2,989

15. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other creditors	15,332	8,350
Taxation and social security	3,982	4,640
Accruals and deferred income	3,500	3,500

	22,814	16,490

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Carmel Ministries International

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

16. Pension Commitments

The charitable company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund.

During the year the charge to the statement of financial activities in respect of defined contribution schemes was £5,671 (2024: £4,749).

At the balance sheet date contributions of £NIL were due to the fund and are included in creditors.

17. Movement in Funds

	As at 1 November 2024	Income	Expenditure	As at 31 October 2025
	£	£	£	£
Unrestricted funds
General:
General unrestricted fund	793,206	294,058	(287,204 )	800,060
Restricted funds
Christmas Hamper Fund	3,982	1,280	(5,262 )	-


Total funds	797,188	295,338	(292,466 )	800,060

	As at 1 November 2023	Income	Expenditure	As at 31 October 2024
	£	£	£	£
Unrestricted funds
General:
General unrestricted fund	829,143	283,509	(319,446 )	793,206
Restricted funds
Carmel Global Fund	480	-	(480)	-
Christmas Hamper Fund	7,159	2,060	(5,237)	3,982


Total restricted funds	7,639	2,060	(5,717 )	3,982




Total funds	836,782	285,569	(325,163 )	797,188

18. Transactions with Trustees

During the year the expenses reimbursed to the trustees or paid directly to third parties were as follows:

	2025	2024
	£	£

19. Related Party Disclosures

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Carmel Ministries International

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

20. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £10.

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Carmel Ministries International

Detailed Statement of Financial Activities (including Income and Expenditure Account)

For The Year Ended 31 October 2025

Detailed Statement of Financial Activities (including Income and Expenditure Account)

	2025	2024
	Total funds	Total funds
	£	£
INCOME AND ENDOWMENTS FROM:
Donations and legacies

Gift aid	44,437	41,047
Tithes and Offerings	189,308	231,648
Hamper Offering - Restricted Income	1,280	2,060
Income from donations and legacies	24	479

	235,049	275,234

Charitable Activities:
Building Fund
Building Fund	49,648	2,191

	49,648	2,191
Ministry
Events	2,717	-
Charitable activities - Ladies Ministry	3,231	176
Income - Men's Ministry	360	10

	6,308	186
Investments

Bank interest receivable	-	3,209

	-	3,209

Other

Other income	4,103	2,564
Other Income - Reclaimed For Debt	230	177
Gain on disposal of tangible assets	-	2,008

	4,333	4,749


	295,338	285,569
EXPENDITURE ON:
Raising funds
Other trading activities	(1,194)	(1,373)
Cost of raising funds	-	(3,966)
Sundry expenses	(4)	1
Sundry type D	-	(480)

	(1,198)	(5,818)
Charitable Activities:
Charitable Activities
Wages and salaries	(123,802)	(103,457)
Employers NI	(4,073)	(4,312)
Employers pensions - defined contributions scheme	(5,671)	(4,749)
Subcontractor costs	(161)	(4,374)
Staff training	(1,063)	(1,646)
Health and safety costs	(512)	(3,722)

...CONTINUED

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Carmel Ministries International

Detailed Statement of Financial Activities (including Income and Expenditure Account) (continued)

For The Year Ended 31 October 2025

Staff entertaining	(38)	-
Staff expenses	(680)	(762)
Travel and subsistence expenses	(4,233)	(6,842)
Rent	-	(550)
Rates	(9,808)	(7,682)
Light and heat	(26,179)	(22,859)
Cleaning	(1,641)	(471)
Vehicle running costs	(285)	(84)
Vehicle fuel costs	-	(1,258)
Vehicle insurance costs	(1,623)	(586)
Activities and events	(4,329)	(2,528)
Youth costs	(260)	(1,048)
Hamper Project Cost	(5,262)	(5,237)
Computer and IT consumables	(2,328)	(4,640)
Repairs, renewals and maintenance	(17,370)	(13,203)
Insurance	(10,008)	(16,232)
Printing, postage and stationery	(3,883)	(5,928)
Ladies Ministry	(5,170)	(5,391)
Men's Ministry	-	(338)
Photography and lighting	-	(440)
Advertising and marketing costs	(226)	(1,917)
Conference Expenses	(240)	(4,890)
PR expenses	(5,295)	(5,318)
Mission gifts	(8,679)	(10,228)
Mercy ministries	(3,972)	(3,879)
Telecommunications and data costs	(6,735)	(6,470)
Disclosure Barring Service	(265)	(705)
Hospitality	(800)	-
Independent examiner's fees	(2,700)	(2,700)
Accountancy fees	(2,743)	(2,743)
Legal fees	(1,489)	(2,037)
Professional fees	(3,558)	(29,671)
Consultancy fees	-	(425)
Flowers & Decoration	(257)	(411)
Subscriptions	(3,014)	(3,078)
Royalties and licence fees payable	(178)	(1,752)
Charitable donations	-	(115)
Other office costs	(1,941)	(3,406)
Entertaining	(3,821)	(4,964)
Sundry expenses	(55)	(543)
Sunday Service Cost	(414)	(920)
Gifts	(1,756)	(1,896)
Waste	(5,183)	(4,664)

...CONTINUED

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Carmel Ministries International

Detailed Statement of Financial Activities (including Income and Expenditure Account) (continued)

For The Year Ended 31 October 2025

NET INCOME/(EXPENDITURE)	2,872	(39,594)
Sundry type D	(1,306)	(800)
Depreciation	(5,821)	(5,493)
Bank charges	(2,441)	(1,981)

	(291,268)	(319,345)

	(292,466)	(325,163)

Page 23

Trustees	Mr Sean LEASK - Trustee
	Miss Gerardina MEYERS - Chair
	Miss Lorena MUCHENJE - Trustee
	Mr Igors SIDORISINS - Trustee
	Ms Corah McKenna - Trustee

Company Secretary	Miss Michelle LEASK

Charity Number	1094052

Company Number	04478212

Registered Office	817a Bath Road
	Brislington
	Bristol
	Avon
	BS4 5NL

Independent Examiner	Accountants247 Limited
	Accountants247 Limited
	The Heath Business and Technical Park Block 5, Room 5172 Runcorn Cheshire WA7 4QX