Charity number: 1041027
CHRIST REVELATION FAITH MINISTRIES
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 December 2020
CHRIST REVELATION FAITH MINISTRIES Contents Page For the year ended 31 December 2020
| Report of the Trustees | 1 to 2 |
|---|---|
| Independent Examiner's Report to the Trustees | 3 |
| Statement of Financial Activities | 4 |
| Statement of Financial Position | 5 |
| Notes to the Financial Statements | 6 to 9 |
| Detailed Statement of Financial Activities | 10 |
CHRIST REVELATION FAITH MINISTRIES Report of the Trustees
For the year ended 31 December 2020
The Trustees have pleasure in presenting their report and the financial statements for 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 the Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
The charity is constituted under a trust deed dated 1st September 1994 and is a registerd charity number 1041027.
The objectives of the charity as set out in the Declaration of Trust are:
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(a) The advancement of the Christain faith,
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(b) The relief of persons who are in conditions of hardship or distress or who are aged or sick and
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(c) The relief of poverty.
The church was involved in Christain outreach programmes designed to increase Christain awareness and to spread the Gospel of our Lord Jesus Christ.
Objectives and aims
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
ACHIEVEMENTS AND PERFORMANCE
The Trustees are pleased to report that the church continued to be successful spiritually by ministering to many people. We became a registererd charity on 4th October 1994.
FINANCIAL REVIEW
The net incoming resources for the year amounted to a surplus of £1,366, 2018 it was (£3,379) which was attributable to general reserves.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity CHRIST REVELATION FAITH MINISTRIES Charity registration number 1041027 Principal address 26, WANDLE WAY GARRATT LANE LONDON SW18 4UJ
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Mr JOSHUA ACHENE Mr THEOPHILUS ACKAH-YENSU Ms ROSE SENNY ~~Mr DANIEL EGYIR~~ Mr RAYMOND DZOKOTO Independent examiner CHRIS ATKINS SERVICES LIMITED 2.17 ASTRA HOUSE ARKLOW ROAD LONDON SE14 6BY
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CHRIST REVELATION FAITH MINISTRIES Report of the Trustees Continued For the year ended 31 December 2020
Approved by the Board of Trustees and signed on its behalf by
............................................................................. Mr THEOPHILUS ACKAH-YENSU
12 August 2021
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CHRIST REVELATION FAITH MINISTRIES Independent Examiners Report to the Trustees
For the year ended 31 December 2020
I report to the trustees on my examination of the accounts of the charity for the year ended 31 December 2020.
Responsibilities and basis of report
As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 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 examiners statement
I have completed my examination. I confirm that no 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 Charity as required by section 130 of the 2011 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.
CHRIS ATKINS SERVICES LIMITED 2.17 ASTRA HOUSE
ARKLOW ROAD LONDON SE14 6BY
12 August 2021
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CHRIST REVELATION FAITH MINISTRIES Statement of Financial Activities
For the year ended 31 December 2020
| Notes Income and endowments from: Donations and legacies 2 Investments 3 Bank interest receivable Total Expenditure on: Charitable activities 4/5 EVANGELISM Total Net income Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 25,413 5 25,418 (21,715) (21,715) 3,703 10,989 14,692 |
2019 £ 24,958 11 |
|---|---|---|
| 24,969 | ||
| (23,603) | ||
| (23,603) | ||
| 1,366 9,623 |
||
| 10,989 |
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CHRIST REVELATION FAITH MINISTRIES Statement of Financial Position
As at 31 December 2020
| Notes Fixed assets Tangible assets 9 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 10 Net current assets Total assets less current liabilities Net assets The funds of the charity Unrestricted income funds 11 Total funds |
£ 2020 1,507 1,507 14,060 14,060 (875) 13,185 14,692 14,692 14,692 14,692 |
£ 2019 2,009 |
|---|---|---|
| 2,009 | ||
| 9,833 | ||
| 9,833 | ||
| (853) 8,980 |
||
| 10,989 | ||
| 10,989 | ||
| 10,989 | ||
| 10,989 |
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Mr JOSHUA ACHENE Trustee
12 August 2021
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CHRIST REVELATION FAITH MINISTRIES Notes to the Financial Statements
For the year ended 31 December 2020
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and 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 (FRS 102), and the Charities Act 2011.
CHRIST REVELATION FAITH MINISTRIES meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Incoming resources
All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Tithes & Offerings:- Income from tithes and offering is included in incoming resources when these are receivable. The Charity has taken advantage of the exemption in Financial Reporting Standard No 1from the requirement to produce cashflow statement on the grounds that it qualifies as a small charity.
Investment Income:- Investment income consists of interest received during the period.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Tangible fixed assets
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:
Fixtures and Fittings 25% Reducing balance
2. Income from donations and legacies
| Unrestricted funds Donations received |
2019 2020 £ £ 24,958 25,413 24,958 25,413 |
|---|---|
3. Investment income
| Unrestricted funds Bank interest receivable |
2020 £ 5 5 |
2019 £ 11 |
|---|---|---|
| 11 |
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CHRIST REVELATION FAITH MINISTRIES Notes to the Financial Statements Continued
For the year ended 31 December 2020
4. Costs of charitable activities by fund type
| Unrestricted funds EVANGELISM Support costs osts of charitable activities by activity type Activities undertaken directly EVANGELISM nalysis of support costs Governance costs et income/(expenditure) for the year This is stated after charging/(crediting): Depreciation of owned fixed assets Accountancy fees |
2019 2020 £ £ 22,750 20,840 853 875 23,603 21,715 2019 2020 £ £ 21,715 23,603 2019 2020 £ £ 875 853 2020 2019 £ £ 502 670 875 853 |
|---|---|
5. Costs of charitable activities by activity type
6. Analysis of support costs
7. Net income/(expenditure) for the year
8. Comparative for the Statement of Financial Activities
The comparative year values on the Statement of Financial Activites are for unrestricted funds.
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CHRIST REVELATION FAITH MINISTRIES Notes to the Financial Statements Continued
For the year ended 31 December 2020
9. Tangible fixed assets
| Cost or valuation At 01 January 2020 At 31 December 2020 Depreciation At 01 January 2020 Charge for year At 31 December 2020 Net book values At 31 December 2020 At 31 December 2019 |
Fixtures and Fittings £ 17,993 |
|---|---|
| 17,993 | |
| 15,984 502 |
|
| 16,486 | |
| 1,507 | |
| 2,009 |
10. Creditors: amounts falling due within one year
| Accruals and deferred income | 2020 £ 875 875 |
2019 £ 853 |
|---|---|---|
| 853 |
11. Movement in funds
Unrestricted Funds
| General General Unrestricted Funds - Previous year General General |
Balance at 01/01/2020 £ 10,989 10,989 Balance at 01/01/2019 £ 9,623 9,623 |
Incoming resources £ 25,418 25,418 Incoming resources £ 24,969 24,969 |
Outgoing resources £ (21,715) (21,715) Outgoing resources £ (23,603) (23,603) |
Balance at 31/12/2020 £ 14,692 |
|---|---|---|---|---|
| 14,692 | ||||
| Balance at 31/12/2019 £ 10,989 |
||||
| 10,989 |
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CHRIST REVELATION FAITH MINISTRIES Notes to the Financial Statements Continued
For the year ended 31 December 2020
12. Analysis of net assets between funds
| Unrestricted funds General General Previous year Unrestricted funds General General |
Tangible fixed assets Net current assets / (liabilities) Net Assets £ £ £ 1,507 13,185 14,692 |
|---|---|
| 1,507 13,185 14,692 |
|
| Tangible fixed assets Net current assets / (liabilities) Net Assets £ £ £ 2,009 8,980 10,989 |
|
| 2,009 8,980 10,989 |
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CHRIST REVELATION FAITH MINISTRIES Detailed Statement of Financial Activities
For the year ended 31 December 2020
| INCOME AND ENDOWMENT Donations and legacies Donations Investments Bank interest receivable Total incoming resources EXPENDITURE Charitable activities Cost of direct charitable activity SUPPORT COSTS Governance costs Governance costs Total resources expended Net Income |
£ 2020 25,413 25,413 5 5 25,418 (20,840) (20,840) (875) (875) (21,715) 3,703 |
£ 2019 24,958 |
|---|---|---|
| 24,958 11 |
||
| 11 | ||
| 24,969 (22,750) |
||
| (22,750) (853) |
||
| (853) | ||
| (23,603) | ||
| 1,366 |
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This page does not form part of the statutory financial statements