Charity Registration Number : 1000059
CHRISTIAN ACTION FAITH MINISTRIES
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
CHRISTIAN ACTION FAITH MINISTRIES
LEGAL AND ADMINISTRATIVE INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees
Charity Number Registered Office Independent Examiner
JONATHAN AINABE SELASI OKUDZETO JUDE ADDO DAVID ANTWI SUZANNE NTI 1000059 DEVONSHIRE HOUSE 582 HONEYPOT LANE STANMORE HA7 1JS Abudey & Company First Floor 14-16 Powis Street Woolwich SE18 6LF
CHRISTIAN ACTION FAITH MINISTRIES
CONTENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees' Report
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
CHRISTIAN ACTION FAITH MINISTRIES
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their annual report and financial statements for the year ended 31 December 2024 .
The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. 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 ACTIVITIESObjectives and aims
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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.
This report was approved by the trustees and signed on its behalf by:
JONATHAN AINABE
Trustee
Date : 20 October 2025
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CHRISTIAN ACTION FAITH MINISTRIES
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
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 the charity for the year ended 31 December 2024 which consists of the statement of financial activities,balance sheet and the related notes
Responsibilities and basis of report
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act')
I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent Examiner's Statement
The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of AIA
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or the accounts did not accord with the accounting records; or
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the accounts did 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.
Name: Symon Abudey for and on behalf of Abudey & Company Date: 21 October 2025
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CHRISTIAN ACTION FAITH MINISTRIES
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
| Recommended categories by activity Notes Income and endowments from: Donations and legacies 2 Investments 3 Total Expenditure on: Raising funds 4 Charitable activities 5 Other 6 Total Net income/(expenditure) Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds £ 474,773 16,632 491,405 450,025 31,273 21,414 502,712 (11,307) (11,307) 1,166,982 1,155,675 |
Total Funds 2024 £ 474,773 16,632 491,405 450,025 31,273 21,414 502,712 (11,307) (11,307) 1,166,982 1,155,675 |
Total Funds 2023 £ 459,610 13,811 |
|---|---|---|---|
| 473,421 | |||
| 413,039 2,700 34,471 |
|||
| 450,210 | |||
| 23,211 | |||
| 23,211 1,143,768 |
|||
| 1,166,979 |
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CHRISTIAN ACTION FAITH MINISTRIES
BALANCE SHEET
FOR THE YEAR ENDED 31 DECEMBER 2024
| ALANCE SHEET OR THE YEAR ENDED 31 DECEMBER 2024 |
||
|---|---|---|
| Recommended categories by activity Notes Unrestricted funds £ Total Fixed assets Tangible assets 7 14,483 Total fxed assets 14,483 Current assets Debtors 8 129,892 Cash at bank and in hand 9 1,053,261 Total current assets 1,183,153 Creditors: amounts falling due within one year 10 41,959 Net current assets/(liabilities) 1,141,194 Total net assets 1,155,677 Funds of the Charity Unrestricted funds 11 1,155,675 Restricted income funds 11 Endowment funds 11 Total funds 1,155,675 |
Funds 2024 £ Total 14,483 14,483 129,892 1,053,261 1,183,153 41,959 1,141,194 1,155,677 1,155,675 - - 1,155,675 |
Funds 2023 £ 18,578 |
| 18,578 | ||
| - 1,080,004 1,080,004 31,628 1,048,376 1,066,954 1,166,982 - - |
||
| 1,166,982 |
The financial statements were approved by the trustees on 20 October 2025 and signed on its behalf by:
JONATHAN AINABE
Trustee
Date : 20 October 2025
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CHRISTIAN ACTION FAITH MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1. Accounting Policies
The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows.
1.1 Basis of preparation
These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation.
These accounts have been prepared in accordance with “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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
These accounts are presented in pounds sterling and rounded to the nearest pound.
1.2 Going concern
The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts.
1.3 Income from charitable activities
Income from charitable activities is recognised over the period to which the income relates. Concert fees are recognised at the date of the event. Membership fees are recognised over the period of the membership. Rent is recognised over the period to which it relates. Any amounts relating to future periods are deferred.
1.4 Expenditure
Expenditure is recognised when a present legal or constructive obligation exists at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefits will be required to settle the obligation, and the amount can be estimated reliably. It is inclusive of VAT which cannot be recovered.
Direct costs are those costs which directly attribute to its activities. Wages and salaries are allocated to direct costs based on an estimate of time spent on charitable activities by staff members.
Support costs include staff costs and are those which do not produce a direct output. Staff costs relate to specific activities and this is reflected in the allocation of payroll costs based on the percentage of time spent.
All costs, including governance costs, are allocated between the expenditure categories of the charity on a basis designed to reflect the use of the resource. Costs relating to a particular activity are charged directly; others are apportioned on an appropriate basis.
Support costs and overheads have been calculated by allocating staff time to the level of involvement in the various activities of the Charity.
1.5 Taxation
The organisation is a registered charity and has no liability to income tax or corporation tax on its charitable activities during the year.
Value added tax is accounted for on an accruals basis.
1.6 Fund accounting
Unrestricted funds are those funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes.
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1.7 Tangible fixed assets
Tangible fixed assets, such as land and buildings, plant, vehicles and equipment, are held to provide an on-going economic benefit to a charity through their contribution, directly or indirectly, to the provision of goods or services by the charity.
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Name | Rate (%) | Year | Method |
|---|---|---|---|
| Short leasehold Improvements | 20 | cost | |
| Musical & Event Equipment | 25 | reducing balance | |
| Fixtures and fttings | 15 | reducing balance | |
| Motor vehicles | 25 | reducing balance | |
| Church Equipment | 20 | reducing balance |
2. Income from Donations and Legacies
| Analysis Unrestricted funds £ Donation-Church Building - HMRC Charities-Gift aid 91,835 Tithe & Ofering East London 28,328 Tithes & Ofering Northampton 68,931 Tithes & Ofering South Branch 35,928 Tithes & Ofering Wembley Park 20,929 Tithes & Ofering-Maida Vale 137,702 Tithes &Ofering Milton Keynes 91,120 Total 474,773 3. Income from Investments Analysis Unrestricted funds £ Interest 16,632 Total 16,632 4. Expenditure on Raising Funds Analysis Rent & Expenses- Northampton Rent and Expenses-East London Rent & Expenses-Milton Keynes Rent & Expenses-Wembley Rent & Expenses-South Branch Honorarium Equipment Rental Salaries and Wages Employer's National Insurance Rent and Rates Telephone and Internet Motor & Vehicle Expenses Travel & transport expenses Pension Summit Expenses Total |
Total funds 2024 £ - 91,835 28,328 68,931 35,928 20,929 137,702 91,120 474,773 Total funds 2024 £ 16,632 16,632 Total funds 2024 £ 37,621 5,709 79,600 7,070 57,273 10,500 13,461 55,437 1,191 50,828 1,041 3,728 10,899 2,787 112,880 |
Total funds 2023 £ 150 40,299 33,808 20,510 36,787 18,409 206,481 103,166 |
|
|---|---|---|---|
| 459,610 | |||
| Total funds 2023 £ 13,811 |
|||
| 13,811 | |||
| Total funds 2023 £ 26,352 2,822 106,652 6,334 79,591 1,922 15,431 77,543 49 88,068 1,040 283 5,083 1,869 - |
|||
| 450,025 413,039 |
3. Income from Investments
4. Expenditure on Raising Funds
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5. Expenditure on Charitable Activities
| Analysis Missions Support Welfare Support Total 6. Other Expenditure Analysis General Church Expenses Insurance Storage Accountancy Charges Other Professional Services Bank interest and charges Depn of Musical & Event Depn of fxtures & fttings Depreciation of motor vehicles Depn of church equipment Total |
Unrestricted funds £ 5,777 1,671 2,015 3,015 2,362 2,479 1,215 742 1,920 218 21,414 |
Total funds 2024 £ 28,473 2,800 31,273 |
Total funds 2023 £ 400 2,300 2,700 |
|
|---|---|---|---|---|
| 31,273 2,700 |
||||
| Total funds 2024 £ 5,777 1,671 2,015 3,015 2,362 2,479 1,215 742 1,920 218 21,414 |
Total funds 2023 £ 480 1,264 14,729 8,137 1,238 3,298 1,620 873 2,560 272 |
|||
| 34,471 |
6. Other Expenditure
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7. Tangible Fixed Assets
| Short leasehold Improvements C Musical & Event Equipment £ £ 7.1 Cost or valuation At 01 January 2024 31,081 108,737 Additions - - Disposals - - Revaluations - - Transfers - - At 31 December 2024 31,081 108,737 7.2 Depreciation and impairments At 01 January 2024 31,081 103,879 Charge for the year - 1,215 Disposals - - Revaluations - - Transfers - - At 31 December 2024 31,081 105,094 7.3 Net book value At 01 January 2024 - 4,858 At 31 December 2024 - 3,643 |
Short leasehold Improvements C Musical & Event Equipment £ £ 7.1 Cost or valuation At 01 January 2024 31,081 108,737 Additions - - Disposals - - Revaluations - - Transfers - - At 31 December 2024 31,081 108,737 7.2 Depreciation and impairments At 01 January 2024 31,081 103,879 Charge for the year - 1,215 Disposals - - Revaluations - - Transfers - - At 31 December 2024 31,081 105,094 7.3 Net book value At 01 January 2024 - 4,858 At 31 December 2024 - 3,643 |
Musical & Event Equipment £ 108,737 - - - - |
Fixtures & fttings £ 11,120 - - - - |
Motor Vehicles £ 64,584 - - - - |
Church Equipment £ 81,868 - - - - |
|---|---|---|---|---|---|
| 31,081 | 108,737 | 11,120 | 64,584 | 81,868 | |
| 6,171 742 - - - |
56,903 1,920 - - - |
80,778 218 - - - |
|||
| 31,081 | 105,094 | 6,913 | 58,823 | 80,996 | |
| 4,858 | 4,949 | 7,681 | 1,090 | ||
| - | 3,643 | 4,207 | 5,761 | 872 |
8. Debtors: Amounts falling due within one year
| Headquarters Support Gift Aid Total |
Total funds 2024 £ 100,030 29,862 |
|---|---|
| 129,892 |
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9. Cash at bank and in hand
| Madia Vale 4664264 Capital Deposit A/C 95827633 Operations Account 95751793 Branches-South Wemb 95751831 Reserve Account 95751807 Merchandising Account 95757031 Acc. 76701069 South Wembley 46689089 Milton Keynes 47115248 Northampton Acc. 47115248 Total |
Total funds 2024 £ 3,351 986,424 4,830 1,907 678 373 45,585 8,182 1,331 600 1,053,261 |
Total funds 2023 £ 7,548 1,060,217 125 455 304 370 10 7,740 1,664 1,571 |
|---|---|---|
| 1,080,004 |
10. Creditors: Amounts falling due within one year
| Payroll Liabilities Pension Fund Wages Account Accrued expenses Total |
Total funds 2024 £ 17,643 7,436 11,260 5,620 41,959 |
Total funds 2023 £ 15,462 6,188 6,873 3,105 |
|---|---|---|
| 31,628 |
11. Charity funds
11.1 Details of material funds held and movements during the CURRENT reporting period
| Fund names Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ Unrestricted funds 1,166,982 491,406 502,711 - - 1,155,677 Total 1,166,982 491,406 502,711 - - 1,155,677 11.2 Details of material funds held and movements during the PREVIOUS reporting period Fund names Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ Unrestricted funds 1,143,768 473,422 450,208 - - 1,166,982 Total 1,143,768 473,422 450,208 - - 1,166,982 |
Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ |
Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ |
Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ |
Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ |
Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ |
Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ |
|---|---|---|---|---|---|---|
| 1,166,982 491,406 502,711 - |
- | 1,155,677 | ||||
| 1,166,982 491,406 502,711 - |
- | 1,155,677 | ||||
| 1,143,768 473,422 450,208 - |
- | 1,166,982 | ||||
| 1,143,768 473,422 450,208 - |
- | 1,166,982 |
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