**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. 2. To develop ministries within the ministry, identifying, equipping and releasing people to effectively fulfil their calling. 3. 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** 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: 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 3. 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 Page 3 **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... Page 6 **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... Page 7 **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... Page 8 **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... Page 9 **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... Page 10 **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... Page 11 **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... Page 12 **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 Page 14 **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 Page 15