REGISTERED CHARITY NUMBER: 1000059
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
FOR
CHRISTIAN ACTION FAITH MINISTRIES
CHRISTIAN ACTION FAITH MINISTRIES
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
| 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 2021
The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. 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.
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To develop ministries within the ministry, identifying, equipping and releasing people to effectively fulfil their calling.
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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.
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Organising Sunday Service for religious worship and teaching
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Organising Community outreach events and Evangelism
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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
DEVONSHIRE HOUSE 582 HONEYPOT LANE STANMORE Middlesex HA7 1JS
Trustees
J O AINABE Chairperson J K ADDO Treasurer (resigned 31.7.2022) MS A Owusu-Addo Member (resigned 27.1.2022) MS A HORNSBY-ODOI Member (resigned 27.1.2022) Ms L BOADI Member (resigned 27.1.2022) DR I ACQUAH-HAYFORD (appointed 22.7.2022) MS S OKUDZETO (appointed 22.7.2022) DR M E ADDO (appointed 25.4.2022) D K WRIGHT (appointed 8.3.2022) REV D A ANTWI (appointed 28.1.2022)
Page 1
CHRISTIAN ACTION FAITH MINISTRIES
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner SYMON LAWSON ABUDEY FAIA Abudey & Company First Floor 14-16 Powis Street Woolwich London SE18 6LF
Approved by order of the board of trustees 6[th] January, 2023 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 2021.
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:
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accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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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: .6[th] January, 2023
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CHRISTIAN ACTION FAITH MINISTRIES
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| 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 |
2021 2020 Unrestricted fund £ Restricted fund £ Total funds £ Total funds £ 498,785 1,458 500,243 520,858 497,529 - 497,529 410,399 8,950 - 8,950 33,037 57,289 - 57,289 43,006 563,768 - 563,768 486,442 (64,983 ) 1,458 (63,525 ) 34,416 218,887 1,085,063 1,303,950 1,269,534 153,904 1,086,521 1,240,425 1,303,950 |
|---|---|
The notes form part of these financial statements
Page 4
CHRISTIAN ACTION FAITH MINISTRIES
BALANCE SHEET 31 DECEMBER 2021
| 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 £ 29,562 113,694 24,385 138,079 (13,737 ) 124,342 153,904 153,904 |
Restricted fund £ - - 1,086,521 1,086,521 - 1,086,521 1,086,521 1,086,521 |
2021 Total funds £ 29,562 113,694 1,110,906 1,224,600 (13,737 ) 1,210,863 1,240,425 1,240,425 153,904 1,086,521 1,240,425 |
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 |
The financial statements were approved by the Board of Trustees and authorised for issue on . .......................................... 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 2021
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...
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CHRISTIAN ACTION FAITH MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
2. DONATIONS AND LEGACIES
| Tithes & Offering-Maida Vale Unrestricted funds £ 200,601 Restricted funds £ - HMRC Charities-Gift aid 13,664 - Grants 93,901 - Donation-Church Building - 1,350 Tithes & Offering Uxbridge 9,124 - Tithes & Offering South Branch 30,805 - Tithes & Offering Wembley Park 23,565 - Tithes &Offering Milton Keynes 61,303 - Interest 2 108 Tithe & Offering East London 32,041 - Tithes & Offering Birmingham 16,280 - Tithes & Offering Northampton 17,499 - 498,785 1,458 |
2021 2020 Total funds £ 200,601 Total funds £ 252,269 13,664 54,019 93,901 63,704 1,350 2,965 9,124 8,699 30,805 43,190 23,565 17,211 61,303 49,448 110 462 32,041 22,514 16,280 1,818 17,499 4,559 500,243 520,858 |
|---|---|
Grants received, included in the above, are as follows:
Other grants
| 2021 | 2020 |
|---|---|
| £ | £ |
| 93,901 | 63,704 |
3. RAISING FUNDS
Raising donations and legacies
| Rent and Expenses- Birmingham Unrestricted funds £ 14,687 Restricted funds £ - Rent & Expenses- Northampton 27,332 - Rent and Expenses-East London 3,800 - Rent & Expenses-Uxbridge 5,930 - Rent & Expenses-Milton Keynes 85,657 - Rent & Expenses-Wembley 9,928 - Rent & Expenses-South Branch 25,594 - Honorarium 9,600 - Youth and Children for Christ 2,024 - Printing and Reproduction 917 - Equipment Rental 17,382 - Salaries and Wages 113,771 - Employer's National Insurance 8,828 - Rent and Rates 76,404 - Telephone and Internet 1,772 - Postage and stationery 707 - Motor & Vehicle Expenses 4,507 - Travel & transport expenses 13,407 - Pension 5,106 - Repairs and maintenance 70,176 - Carried forward 497,529 - |
2021 2020 Total funds £ 14,687 Total funds £ 3,987 27,332 3,865 3,800 7,139 5,930 5,747 85,657 38,398 9,928 8,865 25,594 29,911 9,600 6,000 2,024 500 917 1,169 17,382 - 113,771 149,196 8,828 7,471 76,404 105,797 1,772 1,691 707 403 4,507 7,006 13,407 29,370 5,106 3,884 70,176 - 497,529 410,399 |
|---|---|
continued...
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CHRISTIAN ACTION FAITH MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
3. RAISING FUNDS - continued
Raising donations and legacies - continued
| Unrestricted funds £ Brought forward 497,529 497,529 |
Restricted funds £ - - |
2021 Total funds £ 497,529 497,529 |
2020 Total funds £ 410,399 |
|---|---|---|---|
| 410,399 |
4. CHARITABLE ACTIVITIES COSTS
| Direct | |
|---|---|
| Costs | |
| £ | |
| Missionary & Charitable Giving | 8,950 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
6. STAFF COSTS
| 2021 | 2020 | 2020 | ||||
|---|---|---|---|---|---|---|
| £ | £ | |||||
| Wages and Salaries | 161,381 | 135,636 | ||||
| Employers NIC | 8,828 | 7,471 | ||||
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL | ACTIVITIES | |||||
| Unrestricted | Restricted | Total | ||||
| fund | fund | funds | ||||
| £ | £ | £ | ||||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations and legacies | 463,460 | 57,398 | 520,858 | |||
| EXPENDITURE ON | ||||||
| Raising funds | 410,399 | - | 410,399 | |||
| Charitable activities | ||||||
| Missionary & Charitable Giving | 33,037 | - | 33,037 | |||
| Other | 43,006 | - | 43,006 | |||
| Total | 486,442 | - | 486,442 | |||
| NET INCOME/(EXPENDITURE) | (22,982 | ) | 57,398 | 34,416 |
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
continued...
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CHRISTIAN ACTION FAITH MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| Unrestricted fund £ RECONCILIATION OF FUNDS Total funds brought forward 241,869 TOTAL FUNDS CARRIED FORWARD 218,887 8. TANGIBLE FIXED ASSETS Short leasehold Improvements £ COST At 1 January 2021 and 31 December 2021 31,081 DEPRECIATION At 1 January 2021 6,216 Charge for year 24,865 At 31 December 2021 31,081 NET BOOK VALUE At 31 December 2021 - At 31 December 2020 24,865 Motor vehicles £ COST At 1 January 2021 and 31 December 2021 64,584 DEPRECIATION At 1 January 2021 46,379 Charge for year 4,551 At 31 December 2021 50,930 NET BOOK VALUE At 31 December 2021 13,654 At 31 December 2020 18,205 |
Restricted fund £ 1,027,665 |
Total funds £ 1,269,534 |
|
|---|---|---|---|
| 1,085,063 |
1,303,950 | ||
| Musical & Event Equipment £ 107,455 97,647 2,452 100,099 7,356 9,808 Church Equipment £ 81,868 79,739 426 80,165 1,703 2,129 |
Fixtures and fittings £ 11,120 3,062 1,209 4,271 6,849 8,058 Totals £ 296,108 233,043 33,503 266,546 29,562 63,065 |
continued...
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CHRISTIAN ACTION FAITH MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
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 HMRC Gift Aid 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 Acc. 76701069 Total |
General fund £ - 1,086 1,422 11,349 9,864 664 24,385 |
Restricted Fund £ 1,086,521 - - - - - 1,086,521 |
2021 2020 £ £ 100,030 100,030 - 776 - 7,364 100,030 108,170 - 915 13,664 - 113,694 109,085 2021 2020 Total funds Total funds £ £ 1,086,521 1,085,063 1,086 1,422 14,841 27,871 11,349 11,348 9,864 5,922 664 - 1,110,906 1,145,045 |
2020 £ 100,030 776 7,364 |
|---|---|---|---|---|
10. CASH AT BANK
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Payroll Liabilities Pension Fund D Essandoh 1002 Wages Account Accrued expenses-Accountancy |
2021 £ 4,425 3,773 - 1,696 3,843 13,737 |
2020 £ 4,343 659 1,077 4,386 2,780 |
|---|---|---|
| 13,245 |
continued...
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CHRISTIAN ACTION FAITH MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
12. MOVEMENT IN FUNDS
| Unrestricted funds General fund Restricted funds Restricted Fund TOTAL FUNDS Net movement in funds, included in the above are as follows: 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 |
At 1.1.21 £ 218,887 1,085,063 1,303,950 Incoming resources £ 498,785 1,458 500,243 At 1.1.20 £ 241,869 1,027,665 1,269,534 |
Net movement in funds £ (64,983 ) 1,458 (63,525 ) Resources expended £ (563,768 ) - (563,768 ) Net movement in funds £ (22,982 ) 57,398 |
At 31.12.21 £ 153,904 1,086,521 1,240,425 Movement in funds £ (64,983 ) 1,458 (63,525 ) At 31.12.20 £ 218,887 1,085,063 1,303,950 |
|
|---|---|---|---|---|
| 34,416 |
continued...
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CHRISTIAN ACTION FAITH MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
12. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming resources £ Resources expended £ Unrestricted funds General fund 463,460 (486,442 ) Restricted funds Restricted Fund 57,398 - TOTAL FUNDS 520,858 (486,442 ) A current year 12 months and prior year 12 months combined position is as follows: Net movement At 1.1.20 in funds £ £ Unrestricted funds General fund 241,869 (87,965 ) Restricted funds Restricted Fund 1,027,665 58,856 TOTAL FUNDS 1,269,534 (29,109 ) A current year 12 months and prior year 12 months combined net movement in funds, included in as follows: Incoming resources £ Resources expended £ Unrestricted funds General fund 962,245 (1,050,210 ) Restricted funds Restricted Fund 58,856 - TOTAL FUNDS 1,021,101 (1,050,210 ) |
Movement in funds £ (22,982 ) 57,398 34,416 At 31.12.21 £ 153,904 1,086,521 1,240,425 the above are Movement in funds £ (87,965 ) 58,856 (29,109 ) |
|---|---|
continued...
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CHRISTIAN ACTION FAITH MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2021.
Page 13
CHRISTIAN ACTION FAITH MINISTRIES
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| 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 Youth and Children for Christ Printing and Reproduction Equipment Rental Salaries and Wages Employer's National Insurance Rent and Rates Telephone and Internet Postage and stationery Motor & Vehicle Expenses Travel & transport expenses Pension Repairs and maintenance Charitable activities Missions Support Welfare Support Carried forward |
2021 £ 200,601 13,664 93,901 1,350 9,124 30,805 23,565 61,303 110 32,041 16,280 17,499 500,243 500,243 14,687 27,332 3,800 5,930 85,657 9,928 25,594 9,600 2,024 917 17,382 113,771 8,828 76,404 1,772 707 4,507 13,407 5,106 70,176 497,529 7,000 1,350 8,350 |
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 4,455 28,624 |
This page does not form part of the statutory financial statements
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CHRISTIAN ACTION FAITH MINISTRIES
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| Charitable activities Brought forward 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 (expenditure)/income |
2021 £ 2020 £ 8,350 28,624 600 4,413 8,950 33,037 6,722 10,817 1,746 1,623 5,452 5,038 4,500 4,500 2,020 2,041 3,346 1,480 24,865 6,216 2,452 3,269 1,209 1,422 4,551 6,068 426 532 57,289 43,006 563,768 486,442 (63,525 ) 34,416 |
|---|---|
This page does not form part of the statutory financial statements
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