**REGISTERED CHARITY NUMBER: 1070584 (England and Wales)**
Report of the Trustees and
Financial Statements for the Year Ended 31 December 2020
For
## **FRONTLINE MINISTRIES (ENFIELD)TRUST**
**FRONTLINE MINISTRIES(ENFIELD)TRUST**
**Contents of the Financial Statements for the Year Ended 31 December 2020**
|**Contents**|**Page**|
|---|---|
|Contents|1|
|Report of the trustees|2-5|
|Independent Examiner|6|
|Statement of Financial Activities|7|
|Balance Sheet|8|
|Notes to the Financial Statements|9-10|
|Detailed Statement of Financial Activities|11-12|
Page 1
**FRONTLINE MINISTRIES(ENFIELD)TRUST**
**Report of the Trustees for the Year Ended 31 December 2020**
The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
**Registered Charity number** 1070584
**Principal Address** 12 Lincoln Crescent Enfield EN1 1JY
## **Trustees**
Mr Dayo Olusesi - Chair Reverend Olayinka John -Trustee Pastor Adeniyi John - Trustee Pastor Omoniyi Ajayi - Trustee Mr Emmanuel Akiboye -Secretary
**Bankers** Barclays Bank Upper Edmonton Edmonton London N28 8TT
HSBC Romford Branch 9 Market Place Romford Essex RM1 3AF
## **Independent Examiner**
AE Accountax Ltd (Office Address) 5[th] Floor Kingsgate House 62 High Street Redhill RH1 1SH
(Registered Office Address) 100 Spencer Way Redhill RH1 5DQ
Page 2
**FRONTLINE MINISTRIES(ENFIELD)TRUST**
The Trustees are pleased to present their Annual Report with the independently examined accounts of Frontline Ministries (Enfield) Trust for the year ended 31 December 2020
## **FINANCIAL REVIEW**
The results of the year’s operation are set out in the attached financial statements. The net movement in funds for the year 2020 amounted to a surplus of **£9,331** and a deficit of **(£1,830)** in the year 2019.
## **RESERVE POLICY**
The Charity Commission requires charities to determine and explain their policy for free reserves. The Trustees have reviewed its free reserve policy and have turned its entire unrestricted fund into an emergency reserve to enable Frontline Ministries (Enfield) Trust meet its obligations in the event of a shortfall in income or sudden upturn in expenditure.
## **RISK MANAGEMENT**
The trustees have examined the major risk which Frontline Ministries (Enfield) Trust faces and believes that maintaining our free reserves at a reasonable level, combined with our annual review of the controls over key financial system will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks which we face and confirm that they have established systems to mitigate the significant risks.
## **FUNDS AVAILABLE**
The present level of funding is adequate to support the continuation of the charity operations for the medium term, and trustees consider the financial position of the charity to be satisfactory.
## **VOLUNTEERS**
Frontline Ministries (Enfield) Trust recognizes the significant contributions made by volunteers.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
## **Objectives and Principal Activities:**
The overall objectives of the charity are:
1. The advancement of the Christian Faith in accordance with the teachings of the bible.
2. The advice and relief to the poor, aged, sick and those in conditions of hardship and distress.
3. Other charitable purposes as the Trustees may determine from time to time
Page 3
**FRONTLINE MINISTRIES(ENFIELD)TRUST**
**Report of the Trustees for the year ended 31 December 2020**
## **ACHIEVEMENT AND PERFORMANCE FOR THE YEAR 2020**
## **Charitable activities**
January 17th – 19th we were able to hold the **Apostolic Annual Conference** at Derbyshire, Hayes Christian Conference Centre. A residential meeting titled **Come Up Higher** , with over 50 people in attendance from different ministries. This was before the covid lockdown.
Our **Barnet church** and midweek service were moved to online due to COVID 19 regulations. The advantages have been that a few people who are too far to attend were able to attend online. Also, it has helped the ministry reduce the carbon footprint contribution to the atmosphere. However, there had been the lack of personal contact which is much more valued by members than all these.
The **Flaming Torch** Tuesday prayer meeting had been moved to online due to the lockdown, again at one point it proved beneficial in that more people were able to attend online as we improved our online broadcasting skills. More participants have joined but unfortunately the follow up contact is a bit limited due to the pandemic. With the partial return to the face-to-face meetings in July the ministry noticed a reluctance of people to attend due to the current fear situation that was still going around. Eventually we went back to full online in November again due to the lockdown.
Saturday, 8th August the **Awaken** youth event was held online due to the covid restrictions.
November 20th and 21st the **Pioneering Women Conference** , themed **Its Time to Stand Up** , was held online with special guests Dr Judy Jacobs and Dr Gloria Madugba. This was well attended.
The **Acts of Mercy** initiative was launched on Tuesday 15th December with over 15 people committing to financially assist widows in Nigeria monthly. This again was done online due to restrictions. We currently have eleven widows on our books who receive help monthly for their upkeep. We also have been able to give scholarship to two students and helped at least two widows to start a business.
## **STATEMENT OF BOARD OF TRUSTEES RESPONSIBILITIES**
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
Page 4
## **FRONTLINE MINISTRIES(ENFIELD)TRUST**
## **Report of the Trustees**
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the
financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on 31 October 2021 and signed on its behalf by:
## **Adeniyi John - Trustee**
Page 5
Independent Examiner's Report to the Trustees of **FRONTLINE MINISTRIES(ENFIELD)TRUST**
I report on the accounts for the year ended 31 December 2020 set out on pages four to nine.
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
- examine the accounts under Section 145 of the 2011 Act
- to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 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 Commission. 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 no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
- (1) which gives me reasonable cause to believe that, in any material respect, the requirements
- to keep accounting records in accordance with Section 386 and 387 of the Companies Act 2006; and
- to prepare accounts which accord with the accounting records, comply with the accounting requirements
of Sections 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signature: Date: 31[st] October 2021
Bim Ewetade FCCA, BA (Hons) Accounting & Finance, AFA ,MIPA/AFTA **Independent Examiner AE Accountax Ltd** 100 Spencer Way Redhill, Surrey RH1 5DQ
Page 6
## **FRONTLINE MINISTRIES(ENFIELD)TRUST**
## **Statement of Financial Activities for the Year Ended 31 December 2020**
|**2020**
**Unrestricted**
**fund**
Notes
**£**
**INCOMING RESOURCES**
**Incoming resources from generated funds**
Donations & Legacies
2 51328
Other Incoming Sources
Gift Aid
8733
Other
0
**RESOURCES EXPENDED**
**Charitable activities**
Charitable Activities
50260
Support Costs
470
Total
50731
**Net Income/(expenditure)**
9331
**Net Movement (Unrestricted Funds) 9,331**
**_Reconciliation of funds:_**
**Total Funds Brought Forward**
6959
**Total Funds carried forward**
**16290**|2019
Total
funds
£
61582
8436
249
71747
350
72097
(1830)
**(1,830)**
8789
**6959**|
|---|---|
|||
|||
## **CONTINUING OPERATIONS**
All incoming resources and resources expended arise from continuing activities.
Page 7
## **FRONTLINE MINISTRIES(ENFIELD)TRUST**
## **Balance Sheet as at 31 December 2020**
|**2020**
**Total funds**
Notes
**£**
**FIXED ASSETS**
Tangible assets
2
0
**CURRENT ASSETS**
Cash at bank and in hand
16760
**CREDITORS**
Amounts falling due within one year
470
**NET CURRENT ASSETS**
16290
**TOTAL ASSETS LESS CURRENT LIABILITIES**
Creditors: Amount falling due after more than a year
0
16290
**NET ASSETS**
16290
7
16290
**TOTAL CHARITY FUNDS**|**2020**
**Total funds**
Notes
**£**
**FIXED ASSETS**
Tangible assets
2
0
**CURRENT ASSETS**
Cash at bank and in hand
16760
**CREDITORS**
Amounts falling due within one year
470
**NET CURRENT ASSETS**
16290
**TOTAL ASSETS LESS CURRENT LIABILITIES**
Creditors: Amount falling due after more than a year
0
16290
**NET ASSETS**
16290
7
16290
**TOTAL CHARITY FUNDS**|2019
Total
funds
£
0
7384
425
6959
0
6959
6959
6959|
|---|---|---|
||16290||
||16290||
The financial statements were approved by the Board of Trustees on **31 October 2021** and were signed on its behalf by:
## **Adeniyi John -Trustee**
Page 8
**FRONTLINE MINISTRIES(ENFIELD)TRUST**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
## **1. ACCOUNTING POLICIES Accounting convention**
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
## **Incoming resources**
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
## **Resources expended**
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to headings, they have been allocated to activities on a basis consistent with the use of resources.
## **Allocation and apportionment of costs - Charitable activities**
Costs of charitable activities are those costs relating to the activities carried out to meet the objectives of the Charity. These include both directly attributable costs and apportioned support costs.
## **Governance costs**
Governance costs are the costs associated with the strategic direction of the Charity and with meeting regulatory responsibilities
## **Tangible fixed assets**
Depreciation is normally provided at the following annual rates to write off each asset over its estimated useful life.
Church Equipment - 20% on straight line Office Equipment - 20% on straight line
There are presently no capitalized assets on the records of the Charity.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for restricted purposes.
The Charity presently has no restricted funds.
Page 9
**FRONTLINE MINISTRIES(ENFIELD)TRUST**
**Notes to the Financial Statements - continued for the Year Ended 31 December 2020**
## **2.**
**----- Start of picture text -----**
Incoming resources
Donations & Legacies 2020 2019
Acts of Mercy Support £808
Conference Registration Fee £7,610 £6,358
Offering £13,749
Partner Giving £3,820
Special Giving £3,106 £6,645
Thanksgiving £810
Prophetic School £4,167
Tithes £21,425 £44,412
Other Incoming Resource
Other (gain sale of asset) £249
Gift Aid £8,733 £8,436
Total £60,061 £70,267
**----- End of picture text -----**
## **3. CREDITORS**
This represents the amount accrued as professional fees for independent examination and professional charges on annual accounts and reports.
||Independent Examination and Accountancy fee|**2020**|**2019**|
|---|---|---|---|
|||£470|£425|
|**4.**|**Trustees Remuneration & Benefits**|||
|||**2020**|**2019**|
|||£7,800|£7,600|
||**Trustees' expenses**|||
||There were no trustees' expenses paid for the year ended 31 December 2020.|||
|**5.**|**CASH IN HAND & AT BANK**|||
|||**2020**|**2019**|
|||£|£|
||Account 1- Parent|7114|2375|
||Account 2- Prophetic School|133|786|
||Account 3- Acts of Mercy|788|0|
||Account 4- Barnet|8725|4223|
There were no employees during the year
Page 10
**FRONTLINE MINISTRIES(ENFIELD)TRUST**
## Detailed Statement of Financial Activities for the Year Ended 31 December 2020
|**Incoming Resources**
Non-Profit Income
Acts of Mercy Support
Conference Registration Fee
Gift Aid
Offering
Outreach/ Crusade Income
Partner Giving
Prophetic School Retreat
Special Giving
Thanksgiving
Tithes|**2020**|
|---|---|
|Total Non-Profit Income
Other Income
Gain on asset disposal
Total Other Income
Net Other Income||
|**Total Income**||
|**Resources Expended**
Advertising/Promotional
Auto- Running costs
Conferences
Equipment
Equipment Storage Rent
Gifts
Honorarium
Hospitality
Missions
Missions - Acts of Mercy
Office/General Administrative
Expenses
Other Professional Services
Outreach/ Crusade
Phone Costs
Printing, Postage and Stationery
Repair and maintenance
Stipend / Allowances
Subscription
Sunday Hall Hire
Training
Travel and Accommodation
Tuesday Hall Hire||
**FRONTLINE MINISTRIES(ENFIELD)TRUST**
|Website Maintenance
£602
£0
£602
Total Resources Used
£50,261
£0 £50,261
Governance
Independent Examination
£470
£0
£470
**Total Expenditure**
**£50,731 **
**£0 £50,731 **|£375|
|---|---|
||£71,747
£350|
||**£72,097 **|
Page 12