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** - 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. This report was approved by the trustees and signed on its behalf by: ---------------------------------------------------- ## **JONATHAN AINABE** ## **Trustee** Date : 20 October 2025 Page 1 of 9 ## **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: - 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 - 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 Page 2 of 9 ## **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**| Page 3 of 9 ## **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 Page 4 of 9 ## **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. Page 5 of 9 ## **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** Page 6 of 9 ## **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** Page 7 of 9 ## **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**| Page 8 of 9 ## **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**| Page 9 of 9