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2020-12-31-accounts

REGISTERED CHARITY NUMBER: 1000059

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

CHRISTIAN ACTION FAITH MINISTRIES

CHRISTIAN ACTION FAITH MINISTRIES

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

Page
Report of the Trustees 1to2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6to 13
Detailed Statement of Financial Activities 14 to 15

CHRISTIAN ACTION FAITH MINISTRIES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES

Objectives and aims

1.To reach out and impact our communities with the gospel and power of Jesus Christ through outreach; taking Jesus outside the walls of the church.

  1. To develop ministries within the ministry, identifying, equipping and releasing people to effectively fulfil their calling.

  2. Church planting to establish model churches that preserve the integrity of the person and the works of Jesus Christ in our communities.

Public benefit

The charity has continued to provide benefits to the public in the manner describe below.

  1. Organising Sunday Service for religious worship and teaching

  2. Organising Community outreach events and Evangelism

  3. Provision of welfare and support for members

FUTURE PLANS

The church aims in future to extend its activities to all groups in the community through seminars and workshops targeting the development of the total man spiritually, morally, socially and financially.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1000059

Principal address

UNTI 7C ADVENT WAY ANGEL ROAD WORKS EDMONTON N18 3AH

Trustees

J O AINABE Chairperson J K ADDO Treasurer MS A Owusu-Addo Member MS A HORNSBY-ODOI Member Ms L BOADI Member

Independent Examiner

SYMON LAWSON ABUDEY FAIA Abudey & Company First Floor 14-16 Powis Street Woolwich London SE18 6LF

Page 1

CHRISTIAN ACTION FAITH MINISTRIES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

Approved by order of the board of trustees on 10[th] March, 2021 and signed on its behalf by:

......................................... J O AINABE - Trustee

Page 2

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHRISTIAN ACTION FAITH MINISTRIES

Independent examiner's report to the trustees of CHRISTIAN ACTION FAITH MINISTRIES

I report to the charity trustees on my examination of the accounts of CHRISTIAN ACTION FAITH MINISTRIES (the Trust) for the year ended 31 December 2020.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

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

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of FAIA which is one of the listed bodies.

I have completed my examination. I 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:

  1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

SYMON LAWSON ABUDEY FAIA Abudey & Company First Floor 14-16 Powis Street Woolwich London SE18 6LF

Date: 10[th] March, 2021

Page 3

CHRISTIAN ACTION FAITH MINISTRIES

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
EXPENDITURE ON
Raising funds
3
Charitable activities
Missionary & Charitable Giving
4
Other
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
Restricted
fund
£
463,460
57,398
410,399
-
33,037
-
43,006
-
486,442
-
(22,982 )
57,398
241,869
1,027,665
218,887
1,085,063		 2020
2019
Total
funds
£
Total
funds
£
520,858
523,687
410,399
424,422
33,037
38,413
43,006
57,252
486,442
520,087
34,416
3,600
1,269,534
1,265,934
1,303,950
1,269,534

The notes form part of these financial statements

Page 4

CHRISTIAN ACTION FAITH MINISTRIES

BALANCE SHEET 31 DECEMBER 2020

Restricted Fund
FIXED ASSETS
Notes
Tangible assets
8
CURRENT ASSETS
Debtors
9
Cash at bank
10
CREDITORS
Amounts falling due within one year
11
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
Unrestricted funds:
12
General fund
Restricted funds:
TOTAL FUNDS		 Unrestricted
fund
£
63,065
109,085
59,982
169,067
(13,245 )
155,822
218,887
218,887		 Restricted
fund
£
-
-
1,085,063
1,085,063
-
1,085,063
1,085,063
1,085,063		 2020
Total
funds
£
63,065
109,085
1,145,045
1,254,130
(13,245 )
1,240,885
1,303,950
1,303,950
218,887
1,085,063
1,303,950		 2019
Total
funds
£
40,298
114,132
1,127,280
1,241,412
(12,176 )
1,229,236
1,269,534
1,269,534
241,869
1,027,665
1,269,534

The financial statements were approved by the Board of Trustees and authorised for issue on 10[th] March, 2021 and were signed on its behalf by:

............................................ J O AINABE - Trustee

The notes form part of these financial statements

Page 5

CHRISTIAN ACTION FAITH MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold Improvements - 20% on cost Musical & Event Equipment - 25% on reducing balance Fixtures and fittings - 15% on reducing balance Motor vehicles - 25% on reducing balance Church Equipment - 20% on reducing balance

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

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

Operations Account - for the depositing and expending of funds for the financial activities of Maida Vale Branch.

Project Account - for the depositing and expending of funds for Wembley Branch, South Branch, Milton Keynes and Uxbridge Branch.

Merchandising Account - for the depositing and expending of funds for the Merchandising Department. Reserve Account - Savings and other projects

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Capital Deposit Account - for deposits of funds for the building project

continued...

Page 6

CHRISTIAN ACTION FAITH MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

2. DONATIONS AND LEGACIES

3.

Tithes & Offering-Maida Vale
Unrestricted
funds
£
252,269
HMRC Charities-Gift aid
-
Grants
63,704
Donation-Church Building
-
Tithes & Offering Uxbridge
8,699
Tithes & Offering South Branch
43,190
Tithes & Offering Wembley Park
17,211
Tithes &Offering Milton Keynes
49,448
Interest
48
Tithe & Offering East London
22,514
Tithes & Offering Birmingham
1,818
Tithes & Offering Northampton
4,559
463,460
Grants received, included in the above, are as
follows:
Other grants
RAISING FUNDS
Raising donations and legacies
Rent and Expenses- Birmingham
Unrestricted
funds
£
3,987
Rent & Expenses- Northampton
3,865
Rent and Expenses-East London
7,139
Rent & Expenses-Uxbridge
5,747
Rent & Expenses-Milton Keynes
38,398
Rent & Expenses-Wembley
8,865
Rent & Expenses-South Branch
29,911
Honorarium
6,000
Visiting Ministers Expenses
-
Youth and Children for Christ
500
Printing and Reproduction
1,169
Protocol Dept
-
Salaries and Wages
149,196
Employer's National Insurance
7,471
Rent and Rates
105,797
Telephone and Internet
1,691
Postage and stationery
403
Motor & Vehicle Expenses
7,006
Travel & transport expenses
29,370
Dues and Subscriptions
-
Carried forward
406,515		 Restricted
funds
£
-
54,019
-
2,965
-
-
-
-
414
-
-
-
57,398
Restricted
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 2020
Total
funds
£
252,269
54,019
63,704
2,965
8,699
43,190
17,211
49,448
462
22,514
1,818
4,559
520,858

2020
£
63,704
2020
Total
funds
£
3,987
3,865
7,139
5,747
38,398
8,865
29,911
6,000
-
500
1,169
-
149,196
7,471
105,797
1,691
403
7,006
29,370
-
406,515		 2019
Total
funds
£
288,464
50,560
-
4,763
10,070
35,895
40,226
70,819
1,967
20,923
-
-		 2019
Total
funds
£
288,464
50,560
-
4,763
10,070
35,895
40,226
70,819
1,967
20,923
-
-
523,687
2019
£
-
2019
Total
funds
£
-
-
13,722
8,721
79,212
19,515
40,278
18,399
4,773
3,097
2,625
3,298
112,960
6,670
78,535
3,145
144
6,561
19,129
249
421,033

continued...

Page 7

CHRISTIAN ACTION FAITH MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

3. RAISING FUNDS - continued

Raising donations and legacies - continued

Unrestricted
Restricted
funds
funds
£
£
Brought forward
406,515
-
Pension
3,884
-
410,399
-		 2020
2019
Total
Total
funds
funds
£
£
406,515
421,033
3,884
3,389
410,399
424,422

4. CHARITABLE ACTIVITIES COSTS

Missionary & Charitable Giving

Direct Costs £ 33,037

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019.

6. STAFF COSTS

2018
£
Wages and Salaries
101,762
Employers NIC
5,179
COMPARATIVES FOR THE STATEMENT OF FINANCIAL
INCOME AND ENDOWMENTS FROM
Donations and legacies
EXPENDITURE ON
Raising funds
Charitable activities
Missionary & Charitable Giving
Other
Total
NET INCOME/(EXPENDITURE)		 2017
£
85,015
4,252
ACTIVITIES
Unrestricted
Restricted
Total
fund
fund
funds
£
£
£
516,957
6,730
523,687
424,422
-
424,422
38,413
-
38,413
57,252
-
57,252
520,087
-
520,087
(3,130 )
6,730
3,600

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

continued...

Page 8

CHRISTIAN ACTION FAITH MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

Transfers between funds
Unrestricted
fund
£
(43,297 )
Net movement in funds
(46,427 )
RECONCILIATION OF FUNDS
Total funds brought forward
288,296
TOTAL FUNDS CARRIED FORWARD
241,869
8.
TANGIBLE FIXED ASSETS
Short
leasehold
Improvements
£
COST
At 1 January 2020
-
Additions
31,081
At 31 December 2020
31,081
DEPRECIATION
At 1 January 2020
-
Charge for year
6,216
At 31 December 2020
6,216
NET BOOK VALUE
At 31 December 2020
24,865
At 31 December 2019
-
Motor
vehicles
£
COST
At 1 January 2020
64,584
Additions
-
At 31 December 2020
64,584
DEPRECIATION
At 1 January 2020
40,311
Charge for year
6,068
At 31 December 2020
46,379
NET BOOK VALUE
At 31 December 2020
18,205
At 31 December 2019
24,273		 Restricted
fund
£
43,297
50,027
977,638

1,027,665

Musical &

Event
Equipment
£
107,455

-
107,455
94,378
3,269
97,647
9,808
13,077
Church
Equipment

£
80,769

1,099
81,868
79,207
532
79,739
2,129
1,562		 Total
funds
£
-
3,600
1,265,934
1,269,534

Fixtures
and
fittings
£

3,026
8,094
11,120
1,640
1,422
3,062
8,058
1,386

Totals
£

255,834
40,274
296,108
215,536
17,507
233,043
63,065
40,298

continued...

Page 9

CHRISTIAN ACTION FAITH MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

9. DEBTORS

Amounts falling due within one year:
Headquarters Support-Retreat Centre
Action Chapel International
Prepayments
Amounts falling due after more than one year:
Other debtors-Loan
Aggregate amounts
CASH AT BANK
Capital Deposit A/C 95827633
Operations Account 95751793
Branches-South Wembley,MK Account
95751831
Reserve Account 95751807
Merchandising Account 95757031
Total		 General
fund
£
-
14,841
27,871
11,348
5,922
59,982		 Restricted
Fund
£
1,085,063
-
-
-
-
1,085,063		 2020
2019
£
£
100,030
100,030
776
776
7,364
12,411
108,170
113,217
915

915
109,085

114,132
2020
2019
Total
funds
Total
funds
£
£
1,085,063
1,027,665
14,841
27,871
4,295
33,997
11,348
44,410
5,922
16,913
1,145,045
1,127,280		 2019
£
100,030
776
12,411

10. CASH AT BANK

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Payroll Liabilities
Pension Fund
D Essandoh 1002
Wages Account
Accrued expenses-Accountancy		 2020
£
4,343
659
1,077
4,386
2,780
13,245		 2019
£
2,342
659
1,077
2,161
5,937
12,176

continued...

Page 10

CHRISTIAN ACTION FAITH MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

12. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Restricted Fund
TOTAL FUNDS
Net movement in funds, included in the above are
Unrestricted funds
General fund
Restricted funds
Restricted Fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Restricted Fund
TOTAL FUNDS		 as follows:
At 1.1.19
£
288,296
977,638
1,265,934		 At 1.1.20
£
241,869
1,027,665
1,269,534
Incoming
resources
£
463,460
57,398
520,858
Net
movement
in funds
£
(3,130 )
6,730
3,600		 Net
movement
At
in funds
£
31.12.20
£
(22,982 )
218,887
57,398
1,085,063
34,416
1,303,950
Resources
expended
£
Movement
in funds
£
(486,442 )
(22,982 )
-
57,398
(486,442 )
34,416
Transfers
between
At
funds
£
31.12.19
£
(43,297 )
241,869
43,297
1,027,665
-
1,269,534

continued...

Page 11

CHRISTIAN ACTION FAITH MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

12. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Restricted Fund
TOTAL FUNDS		 Incoming
resources
£
516,957
6,730
523,687		 Resources
expended
£
Movement
in funds
£
(520,087 )
(3,130 )
-
6,730
(520,087 )
3,600

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Restricted Fund
TOTAL FUNDS		 Net
movement
Transfers
between
At
At 1.1.19
£
in funds
£
funds
£
31.12.20
£
288,296
(26,112 )
(43,297 )
218,887
977,638
64,128
43,297
1,085,063
1,265,934
38,016
-
1,303,950

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 980,417 (1,006,529 ) (26,112 )
Restricted funds
Restricted Fund
64,128 - 64,128
TOTAL FUNDS 1,044,545 (1,006,529 ) 38,016

continued...

Page 12

CHRISTIAN ACTION FAITH MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2020.

Page 13

CHRISTIAN ACTION FAITH MINISTRIES

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020

INCOME AND ENDOWMENTS
Donations and legacies
Tithes & Offering-Maida Vale
HMRC Charities-Gift aid
Grants
Donation-Church Building
Tithes & Offering Uxbridge
Tithes & Offering South Branch
Tithes & Offering Wembley Park
Tithes &Offering Milton Keynes
Interest
Tithe & Offering East London
Tithes & Offering Birmingham
Tithes & Offering Northampton
Total incoming resources
EXPENDITURE
Raising donations and legacies
Rent and Expenses- Birmingham
Rent & Expenses- Northampton
Rent and Expenses-East London
Rent & Expenses-Uxbridge
Rent & Expenses-Milton Keynes
Rent & Expenses-Wembley
Rent & Expenses-South Branch
Honorarium
Visiting Ministers Expenses
Youth and Children for Christ
Printing and Reproduction
Protocol Dept
Salaries and Wages
Employer's National Insurance
Rent and Rates
Telephone and Internet
Postage and stationery
Motor & Vehicle Expenses
Travel & transport expenses
Dues and Subscriptions
Pension
Charitable activities
Missions Support
Carried forward		 2020
£
252,269
54,019
63,704
2,965
8,699
43,190
17,211
49,448
462
22,514
1,818
4,559
520,858
520,858
3,987
3,865
7,139
5,747
38,398
8,865
29,911
6,000
-
500
1,169
-
149,196
7,471
105,797
1,691
403
7,006
29,370
-
3,884
410,399
24,169
24,169		 2019
£
288,464
50,560
-
4,763
10,070
35,895
40,226
70,819
1,967
20,923
-
-
523,687
523,687
-
-
13,722
8,721
79,212
19,515
40,278
18,399
4,773
3,097
2,625
3,298
112,960
6,670
78,535
3,145
144
6,561
19,129
249
3,389
424,422
33,983
33,983

This page does not form part of the statutory financial statements

Page 14

CHRISTIAN ACTION FAITH MINISTRIES

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020

DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2020
Charitable activities
Brought forward
Men Fellowship
Welfare Support
Donations-other charities
Other
General Church Expenses
Insurance
Storage
Accountancy Charges
Other Professional Services
Bank interest and charges
Short leasehold
Depn of Musical & Event
Fixtures and fittings
Depreciation of motor vehicles
Depn of church equipment
Total resources expended
Net income		 2020
£
24,169
-
4,455
4,413
33,037
10,817
1,623
5,038
4,500
2,041
1,480
6,216
3,269
1,422
6,068
532
43,006
486,442
34,416		 2019
£
33,983
2,000
2,295
135
38,413
21,457
7,866
6,970
4,500
3,019
3,377
-
4,359
244
5,069
391
57,252
520,087
3,600

This page does not form part of the statutory financial statements

Page 15