Charity number: 1041027
CHRIST REVELATION FAITH MINISTRIES
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 December 2023
CHRIST REVELATION FAITH MINISTRIES Contents Page For the year ended 31 December 2023
| 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 2023
The Trustees have pleasure in presenting their report and the financial statements for 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 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:
(a) The advancement of the Christain faith,
(b) The relief of persons who are in conditions of hardship or distress or who are aged or sick and
(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 £1162 The previous year was £6397 deficit, 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:
Independent examiner
Mr JOSHUA ACHENE Mr THEOPHILUS ACKAH-YENSU Ms ROSE SENNY Mr RAYMOND DZOKOTO CHRIS ATKINS SERVICES ONE LIMITED OFFICE 310, ACCESS SELF STORAGE UNIT 1, MERIDIAN TRADING ESTATE 20, BUGBY'S WAY LONDON SE7 7SF
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CHRIST REVELATION FAITH MINISTRIES Report of the Trustees Continued For the year ended 31 December 2023
Approved by the Board of Trustees and signed on its behalf by
............................................................................. Mr THEOPHILUS ACKAH-YENSU
08 May 2024
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CHRIST REVELATION FAITH MINISTRIES Independent Examiners Report to the Trustees
For the year ended 31 December 2023
I report to the trustees on my examination of the accounts of the charity for the year ended 31 December 2023.
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:
-
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
-
the accounts do not accord with those records; or
-
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 ONE LIMITED OFFICE 310, ACCESS SELF STORAGE UNIT 1, MERIDIAN TRADING ESTATE 20, BUGBY'S WAY LONDON SE7 7SF
08 May 2024
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CHRIST REVELATION FAITH MINISTRIES Statement of Financial Activities For the year ended 31 December 2023
| 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/expenditure Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 28,868 74 28,942 (27,780) (27,780) 1,162 5,658 6,820 |
2022 £ 20,208 6 |
|---|---|---|
| 20,214 | ||
| (26,611) | ||
| (26,611) | ||
| (6,397) 12,055 |
||
| 5,658 |
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CHRIST REVELATION FAITH MINISTRIES Statement of Financial Position
As at 31 December 2023
| Notes Fixed assets Tangible assets 10 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 11 Net current assets Total assets less current liabilities Net assets The funds of the charity Unrestricted income funds 12 Total funds |
£ 2023 635 635 7,510 7,510 (1,325) 6,185 6,820 6,820 6,820 6,820 |
£ 2022 847 |
|---|---|---|
| 847 | ||
| 6,086 | ||
| 6,086 | ||
| (1,275) 4,811 |
||
| 5,658 | ||
| 5,658 | ||
| 5,658 | ||
| 5,658 |
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Mr THEOPHILUS ACKAH-YENSU Trustee 08 May 2024
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CHRIST REVELATION FAITH MINISTRIES Notes to the Financial Statements
For the year ended 31 December 2023
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 |
2022 2023 £ £ 20,208 28,868 20,208 28,868 |
|---|---|
3. Investment income
| Unrestricted funds Bank interest receivable |
2023 £ 74 74 |
2022 £ 6 |
|---|---|---|
| 6 |
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CHRIST REVELATION FAITH MINISTRIES Notes to the Financial Statements Continued For the year ended 31 December 2023
4. Costs of charitable activities by fund type
| Unrestricted funds EVANGELISM Support costs 5. Costs of charitable activities by activity type Activities undertaken directly EVANGELISM 6. Analysis of support costs Governance costs 7. Net income/(expenditure) for the year This is stated after charging/(crediting): Depreciation of owned fixed assets Accountancy fees 8. Staff costs and emoluments Staff |
2023 £ 26,855 925 27,780 2023 £ 27,780 2023 £ 925 2023 £ 212 925 2023 0 0 |
2022 £ 25,736 875 |
|---|---|---|
| 26,611 | ||
| 2022 £ 26,611 2022 £ 875 2022 £ 283 875 |
||
| 2022 0 |
||
| 0 |
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CHRIST REVELATION FAITH MINISTRIES Notes to the Financial Statements Continued
For the year ended 31 December 2023
9. Comparative for the Statement of Financial Activities
The comparative year values on the Statement of Financial Activites are for unrestricted funds.
10. Tangible fixed assets
| Cost or valuation At 01 January 2023 At 31 December 2023 Depreciation At 01 January 2023 Charge for year At 31 December 2023 Net book values At 31 December 2023 At 31 December 2022 |
Fixtures and Fittings £ 17,993 |
|---|---|
| 17,993 | |
| 17,146 212 |
|
| 17,358 | |
| 635 | |
| 847 |
11. Creditors: amounts falling due within one year
| Creditors: amounts falling due within one year | ||
|---|---|---|
| Accruals and deferred income | 2023 £ 1,325 1,325 |
2022 £ 1,275 |
| 1,275 |
12. Movement in funds
| Unrestricted Funds General General |
Balance at 01/01/2023 £ 5,658 5,658 |
Incoming resources £ 28,942 28,942 |
Outgoing resources £ (27,780) (27,780) |
Balance at 31/12/2023 £ 6,820 |
|---|---|---|---|---|
| 6,820 |
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CHRIST REVELATION FAITH MINISTRIES Notes to the Financial Statements Continued
For the year ended 31 December 2023
Unrestricted Funds - Previous year
| Unrestricted Funds - Previous year | ||||
|---|---|---|---|---|
| General General |
Balance at 01/01/2022 £ 12,055 12,055 |
Incoming resources £ 20,214 20,214 |
Outgoing resources £ (26,611) (26,611) |
Balance at 31/12/2022 £ 5,658 |
| 5,658 |
13. Analysis of net assets between funds
| 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 £ £ £ 635 6,185 6,820 |
| 635 6,185 6,820 |
|
| Tangible fixed assets Net current assets / (liabilities) Net Assets £ £ £ 847 4,811 5,658 |
|
| 847 4,811 5,658 |
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CHRIST REVELATION FAITH MINISTRIES Detailed Statement of Financial Activities
For the year ended 31 December 2023
| INCOME AND ENDOWMENT Donations and legacies Donations Gift Aid Investments Bank interest receivable Total incoming resources EXPENDITURE Charitable activities Depreciation - owned assets Rent and Rates Evangelism & MIssions Honorarium Ministerial Allowance Repair & Renewal Donations to Charities insurance Welfare & Support DBS SUPPORT COSTS Governance costs Accountancy fees Total resources expended Net Income |
£ 2023 18,322 10,546 28,868 74 74 28,942 (212) (4,998) (611) (250) (19,200) - (692) (647) (100) (145) (26,855) (925) (925) (27,780) 1,162 |
£ 2022 20,208 - |
|---|---|---|
| 20,208 6 |
||
| 6 | ||
| 20,214 (283) (4,998) (265) (400) (18,367) (29) (676) (589) - (129) |
||
| (25,736) (875) |
||
| (875) | ||
| (26,611) | ||
| (6,397) |
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This page does not form part of the statutory financial statements