# **FAITH EVANGELISTIC MINISTRIES**
## **FINANCIAL STATEMENTS**
## **31[ST] DECEMBER 2023**
**Charity Number 1069740**
## **FAITH EVANGELISTIC MINISTRIES**
## **FINANCIAL STATEMENTS**
## **YEAR ENDED 31[ST] DECEMBER 2023**
**CONTENTS PAGE** Trustees’ annual report **3** Statement of the financial activities **6** Balance sheet **7** Notes to the financial statements **8**
## **FAITH EVANGELISTIC MINISTRIES TRUSTEES ANNUAL REPORT**
## **YEAR ENDED 31[ST] DECEMBER 2023**
## **REVIEW OF DEVELOPMENTS, ACTIVITIES AND ACHIEVEMENTS**
The trustees have pleasure in presenting their report and the financial statements of the charity for the year ended 31st December 2023. Faith Evangelistic Ministries has been operating as a registered charity within the UK since 1998.
The ministry held two main conferences in January and October at Emmanuel centre. Throughout 2023 covenant Partners were able to meet on monthly basis at Emmanuel centre where they continued to fellowship through prayers, testimonies, praise and worship. Looking forward to the year ahead, we are trusting God that we will do much more than we did in 2023.
The ministry objective is to continue feeding and educating orphans and destitute, and our long-term goal is to have a Technical and Vocational Education Training centre for young people owing to the needs of more practical skills and marketability of the same. Since Covid 19 pandemic, the number of children we feed has rose from 1000 to 1200 per day. FEM is currently educating 350 children in primary school, 50 in high school, 7 in college and 5 in university. We thank God for fifteen students who graduated recently, God has been faithful, and all were able to secure good jobs and are able to help other family members who are in need. A video of thank you from Kilifi children was watched by UK partners in January 2023 during the annual conference at Emmanuel centre, partners were moved into tears by the powerful testimonies from the children who were very grateful to the partners for supporting them through the donations. Finally, we express our gratitude to our Lord and Savior Jesus Christ who has enabled us to do His work. We ended the year with a deficit financed by our reserves.
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## **FAITH EVANGELISTIC MINISTRIES**
## **TRUSTEES ANNUAL REPORT (continued)**
**YEAR ENDED 31[ST] DECEMBER 23**
## **THE TRUSTEES**
The Trustees who served who served the church during the period were as follows:
1 Mrs. Anne JACKSON
- 2 Reverend Theresia Wairimu KINYANJUI
- 3 Miss Catherine THEURI
- 4 Mrs. Irene MBURU
- 5 Mrs. Virginia CHAPMAN
Signed by order of the trustees
FAITH EVANGELISTIC MINISTRY
PO BOX 20430 LONDON, SE17 1WR T. W. KINYANJUI
Approved by the trustee on 28[th] August 2024.
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## **FAITH EVANGELISTIC MINISTRIES**
## **TRUSTEES ANNUAL REPORT** _**(continued)**_ **YEAR ENDED 31[ST] DECEMBER 2023**
## **RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER**
The charity’s trustees consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 (the Act) and that an independent examination is needed.
It is my responsibility to:
- Examine the accounts (under section 43 of the Act);
- To follow the procedures laid down in the General Directions given by the Charity
Commission (under section 43(7) (b) of the Act); and
- To state whether particular matters have come to my attention.
## **BASIS OF THE INDEPENDENT EXAMINER’S REPORT**
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
## **INDEPENDENT EXAMINER’S STATEMENT**
In the course of my examination, no matter has come to my attention:
(1) Which gives me reasonable cause to believe that in, any material respect, the trustees have not met the requirements to ensure that:
- Proper accounting records are kept (in accordance with section 41 of the 1993 Act); and
- Accounts are prepared which agree with the accounting records and comply with the
accounting requirements of the Act; or
(2) To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
ABICA PHIL & CO LTD
- P. Mensan FFA, MBA 28[th] August 2024.
FINANCIAL ACCOUNTANTS
1 Cotleigh Road, London NW6 2NL
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## **FAITH EVANGELISTIC MINISTRIES**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **YEAR ENDED 31[ST] DECEMBER 2023**
||||**Total**|**Funds**|
|---|---|---|---|---|
||||**2023**|2022|
||**Note**||||
|||Unrestricted|Restricted||
|**INCOMING RESOURCES**|||||
|Incoming resources from generated funds||
|||
|Voluntary income: donations|2|127,560|0 127,560|154,701|
|Gifts Aid|2|35,296|0 35,296|23,153|
|Investment Income|3|435|0 435|147|
|**Total Incoming Resources**||**163,291**|**0 163,291**|178,001|
|**RESOURCES EXPENDED**|||||
|**Charitable expenditure**|4|175,947|0 175,947|177,011|
|Governance Costs|5|19,818|0 19,818|21,081|
|**TOTAL RESOURCES EXPENDED**||**195,765**|**0 195,765**|198,092|
|**Net Incoming (Outgoing) Resources**||**-32,474**|**0-32,474**|-20,091|
|Net Movement In Funds|6|**-32,474**|**0 -32,474**|-20,091|
|Balance at 1stJanuary||256,222|0 256,222|276,313|
|Balances at 31stDecember||**223,748**|**0 223,748**|256,222|
All movements are in Unrestricted Funds
**The notes on page 8 to 12 form part of these financial statements.**
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## **FAITH EVANGELISTIC MINISTRIES**
## **BALANCE SHEET**
## **YEAR ENDED 31[ST] DECEMBER 2023**
|||**2023**|2022|
|---|---|---|---|
|||**£ £**£|£|
||**Note**|||
|**FIXED ASSETS**||||
|Tangible assets|**8**|**175,125**
175,495|175,495|
|**CURRENT ASSETS**||||
|Cash at bank|Cash at bank|Cash at bank**51,919** 84,597|84,597|
|**CREDITORS: Amount falling within**|**CREDITORS: Amount falling within**|||
|**One year 9 (1,296)**|**One year 9 (1,296)**|**One year 9 (1,296)**|**One year 9 (1,296)**(1,500)|
|**-----------**|**-----------**|**-----------** **----------**|**----------**|
|**NET CURRENT ASSETS**||**50,623** **50,623**83,097|83,097|
|||------------ --|------------ --**--------**|
|**TOTAL ASSETS LESS CURRENT LIABILITIES**||**225,748**
~~————~~|258,222
~~_~~|
|**CREDITORS: Amounts falling due 10**|**CREDITORS: Amounts falling due 10**|||
|**after one year**||**(2,000)**
|(2,000)|
|**NET ASSETS**||**223,748**
|256,222|
|**TOTAL FUNDS**||**223,748**|256,222|
These financial statements were approved by the board of trustees on the 28/08/2024 and are signed on their behalf by:
## T. W. KINYANJUI
**The notes on page 8 to 12 form part of these financial statements.**
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## **FAITH EVANGELISTIC MINISTRIES**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31[ST] DECEMBER 2023**
## **1. ACCOUNTING POLICIES**
## **Basis of accounting**
The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice "Accounting and Reporting by Charities" (SORP 2005) and the Charities Act 1993.
## **Depreciation**
Depreciation is calculated so as to write off the cost of an asset less, its estimated residual value over the useful economic life of the asset concerned. The principal rates used for this purpose which are consistent with those of past years as follows:
Music Equipment - 25% straight line Equipment - 25 % reducing balance Freehold Property - 2% reducing balance – No longer depreciated from 2021 Fixtures & Fittings - 25% straight line
## **2. DONATIONS**
|**2. DONATIONS**|||
|---|---|---|
||**Total Funds**|Total Funds|
||**2023**|2022|
||**£**|£|
|Offerings & Donations|**127,558**|154,701|
|Gift Aid|**35,296**|23,153|
||**162,854**|177,854|
## **3. INTEREST RECEIVABLE**
|**3. INTEREST RECEIVABLE**|||
|---|---|---|
||**Total Funds**|Total Funds|
||**2023**|2022|
||**£**|£|
|Bank Loyalty commission|**0**|52|
|Bank Interest receivable|
**435**|95|
||**435**|147|
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## **FAITH EVANGELISTIC MINISTRIES**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31[ST] DECEMBER 2023**
## **4. COSTS IN FURTHERANCE OF CHARITABLE OBJECTS**
## **Analysis of provision of charitable services** :
|||**Total Funds**|Total Funds|
|---|---|---|---|
|||**2023**|2022|
|||**£**|£|
|Travelling Expenses||**11,501**|3,003|
|Hall Hire||**48,249**|15,870|
|Guest Speaker||**23,050**|9,400|
|Hotels Accommodation||**16,934**|9,136|
|Welfare||**2,500**|5,756|
|Mission||**43,000**|116,000|
|Equipment Hire||**1,000**|
1,000|
|Books
||**1,157**3,555||
|Postage||**5,270**|
5,893|
|Professional Fees||**4,000**|2,225|
|Video Coverage|||**0**0|
|Hospitality||**19,286**|5,173|
|||**175,947**|177,011|
|**5. GOVERNANCE COSTS**||||
|||**Total Funds**|Total Funds|
|||**2023**|2022|
|||**£**|£|
|Printings & Stationeries||**608**|2,009|
|Telephone||**1,826**|1,731|
|Transport||**5,908**|4,206|
|Subscriptions||**663**|639|
|Adverts||**1,640**|284|
|Accountancy Fees||**1,261**|1,261|
|Insurance||**236**|243|
|Repairs & Premises Expenses||**2,508**|
5,677|
|Bank Charges||**456**504||
|Utilities||**1,375**|
2,293|
|Council Tax||**1,860**|1,865|
|Professional Fees||**1,385**0||
|Other Expenses||**92**|
0|
|Depreciation||**0**|370|
|||**19,818**|21,081|
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## **FAITH EVANGELISTIC MINISTRIES**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31[ST] DECEMBER 2023**
## **6. NET MOVEMENT IN FUNDS**
The net movement in funds for the year is stated after charging depreciation on tangible fixed assets:
|
Depreciation
|**2023**
2022
**£**
£
**0** 370|
|---|---|
## 7. **FUNDS**
|Unrestricted
Restricted
Funds
Funds
**£**
**£**
**At 1st January**
**256,222**
-
Surplus / (Deficit) for the year
**-32,474**
-
**At 31st December**
**223,748**
-|**Total**
**2023**
**£**
**256,222**
**-32,474**
**223,748**|Total
2022
£
276,313
-20,091
256,222|
|---|---|---|
Unrestricted funds comprise those funds which the trustees are free to use in accordance with the charitable objects. Restricted funds are funds which have been given for particular purposes and projects.
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## **FAITH EVANGELISTIC MINISTRIES**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31[ST] DECEMBER 2023**
## **8. TANGIBLE FIXED ASSETS**
|**Musical Fixtures & Freehold**
**Equipment Fittings Property**
**£**
**COST:**
At 1stJanuary 2023
14,171 15,377 214,332
Additions
**0 0 0**
**---------- ---------- -----------**
**At 31st December 2023** **14,171 15,377 214,332**
**DEPRECIATION**
At 1stJanuary 2023 13,801 15,377 39,207
Charge for the year
**0 0 0**
---------- --------- ----------
**At 31st December 2023 14,171 15,377 39,207**
**NET BOOK VALUE**
**At 31st December 2023 - - 175,125**
**At 3**1stDecember 2022 370 - 175,125
**9. CREDITORS: Amounts falling within one year**
Accounts Fees
Postage
Professional Fees
**10. CREDITORS: Amounts falling within one year**
Loan from Nairobi
|**Equipment**
**£**
9,793
**0**
**---------**
**9,793**
9,793
**0**
---------
**9,793**
**-**
-
**2023**
**£**
**1,261**
**35**
**0**
**1,296**
**2023**
**£**
**2,000**|**TOTAL**
253,673
**0**
**-----------**
**253,673**
78,548
**0**
----------
**78,548**
**175,125**
175,495
2022
£
1,261
14
225
1,500
2022
£
2,000|
|---|---|---|
|||
|
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