**REGISTERED CHARITY NUMBER: 1070584 (England and Wales)** 


Report of the Trustees and 

Financial Statements for the Year Ended 31 December 2021 

For 

## **FRONTLINE MINISTRIES (ENFIELD)TRUST** 



**FRONTLINE MINISTRIES(ENFIELD)TRUST** 

**Contents of the Financial Statements for the Year Ended 31 December 2021** 

|**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 2021** 

The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. 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 2021 

## **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 2021 amounted to a surplus of **£1,149** and a surplus of **£9,331** in the year 2020. 

## **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 2021** 

## **ACHIEVEMENT AND PERFORMANCE FOR THE YEAR 2021** 

## **Charitable activities** 

Due to the ongoing COVID 19 restrictions activities were limited in order to comply with the regulations. 

However, in March 2021 we were able to hold a range of online prayer meetings which were specifically meant for the UK 

The first round of meetings entailed a online discussion with known ministers of prayer around the UK. These meetings were designed to stir up the desire to pray for revival in the U.K. 

Beginning 15[th] March till Pentecost Sunday the ministry arranged a daily prayer on zoom from 5am to 8am. This witnessed about 120 people registering to join us in the prayer for revival for the UK. 

At the end of the 70 days, on Pentecost Sunday about 50 of us meet together face to face in London. This sparked off new relationships, as many of us had only met on Zoom. 

The prayers were extended for 30 days. The same method of praying from 5am to 8am on zoom was employed. At the end of the 30 days we held a 2 day residential retreat at High Leigh Conference Centre. Again over 50 people were in attendance and some of them we were meeting for the first time. 

Our **Barnet church** and midweek service were moved to online due to COVID 19 regulations. Even when the COVID restrictions were lifted we were unable to return to the rented property and stayed online with the view that we will search for a building that is closer. 

The **Flaming Torch** Conducted 3 sessions of School of Ministry and Missions which was online. This was geared to equip the church to effectively do the work of ministry. Our Tuesday prayer meetings moved permanently to face to face since March 

Saturday, 21[st] August the **Awaken** youth event was held at Action Théâtre in Islington. This witnessed young adults coming to get fired up for the gospel. 

The **Acts of Mercy** which was initiated in December 2020 went fully live. The support for 11 widows started on a monthly basis, each widow getting enough to take care of their children and feed themselves. Most of the recipients are from local churches and have been verified by their pastors of their condition. 

## **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 

Page 4 



## **FRONTLINE MINISTRIES(ENFIELD)TRUST** 

## **Report of the Trustees** 

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. 

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 2022 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 2021 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 Section145(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 theStatement 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 accountsto be reached. 


Signature ………………………………………………… Date…31/10/2022………… 

Bim Ewetade FCCA,BA (Hons) Accounting & Finance, AFA ,MIPA/AFTA **Independent Examiner** 100 Spencer Way Redhill, Surrey RH1 5DQ 

Page 6 



**FRONTLINE MINISTRIES(ENFIELD)TRUST** 

## **Statement of financial activities** 

|||Notes|**Unrestricted**<br>**funds**|**Restricted**<br>**income**<br>**funds**|**Unrestricted Funds**|**Unrestricted Funds**|
|---|---|---|---|---|---|---|
||||**£**|**£**|**£**|**£**|
|**Incoming resources**||2|||**Yr 2021**|**Yr 2020**|
||||||||
|Donations & Legacies|||46,131||46,131|**51,328**|
|**Other Incoming Resource**|||||-||
|Other(gain sale of asset)|||||-||
|Gift Aid|||||-|8,733|
|**Total**|||46,131|-|46,131|60,061|
|**Resources expended(Note 6)**|||||||
|**Expenditure on:**|||||||
|Charitable activities|||44,441|-||50,260|
||||||44,441||
|Support Costs|||542|-||470|
||||||542||
|**_Total_**|||||||
||||44,983|-|44,983|50,731|
||||||||
|**Net income/(expenditure) before**<br>**investmentgains/(losses)**|||||||
||||1,149|-|1,149|9,331|
|Netgains/(losses)on investments|||-|-|-|-|
|**Net income/(expenditure)**|||||||
||||1,149|-|1,149|9,331|
|**_Net movement in funds_**|||||||
||||1,149|-|1,149|9,331|
||||||||
|**_Reconciliation of funds:_**|||||||
|Total funds brought forward|||16,290|-||6,959|
||||||16,290||
|**_Total funds carried forward_**|||||||
||||17,438|-|17,438|16,290|



## **CONTINUING OPERATIONS** 

All incoming resources and resources expended arise from continuing activities. 

Page 7 



**FRONTLINE MINISTRIES(ENFIELD)TRUST** 

|**Balance sheet as at 31**|**Balance sheet as at 31**|**Balance sheet as at 31**|**December 2021**|**December 2021**|**December 2021**|
|---|---|---|---|---|---|
|||**Unrestricted**<br>**funds**|**Restricted**<br>**income**<br>**funds**|**2021**|**2020**|
|||**£**|**£**|**£**|**£**|
|**Fixed assets**||1||0|0|
|**Current**<br>**assets**||||||
|**Cash at bank and**<br>**in hand(Note 24)**|B09|18,454|-|18,454|16,760|
|**_Total current_**<br>**_assets_**|B10|||||
|||18,454|-|18,454|16,760|
|||||||
|**Creditors:**<br>**amounts falling**<br>**due within one**<br>**year**|B11|||||
|||||||
|||||||
|||1,016|-|1,016|470|
|||||||
|**_Net current_**<br>**_assets/(liabilities)_**|B12|||||
|||||||
|||17,438|-|17,438|16,290|
|||||||
|**_Total assets less_**<br>**_current liabilities_**|B13|||||
|||17,438|-|17,438|16,290|
|||||||
|**Creditors:**<br>**amounts falling**<br>**due after one**<br>**year**<br>**(Note 20)**|B14|-|-|-|-|
|**Provisions for**<br>**liabilities**|B15|-|-|-|-|
|||||||
|**_Total net assets_**<br>**_or liabilities_**|B16|||||
|||17,438|-|17,438|16,290|
|**Funds of the**<br>**Charity**||||||
|**Restricted**<br>**income funds**|B18|-|-|-|-|
|**Unrestricted**<br>**funds**|B19|17,439||17,439|16,290|
|**Revaluation**<br>**reserve**|B20|||-|-|
|**_Total funds_**|B21|||||
|||17,439|-|17,439|16,290|



Page 8 



Signed by one or two trustees on behalf of all the trustees 

|Name & Signature||Date of<br>approval<br>dd/mm/yyyy|
|---|---|---|
||||
||||



The financial statements were approved by the Board of Trustees on **31 October 2022** and were signed on its behalf by: 


## **Adeniyi John -Trustee** 

Page 9 



**FRONTLINE MINISTRIES(ENFIELD)TRUST** 

## **Notes to the Financial Statements for the Year Ended 31 December 2021** 

## **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 10 



**FRONTLINE MINISTRIES(ENFIELD)TRUST** 

## **Notes to the Financial Statements – continued for the Year Ended 31 December 2021** 

|**2.**|**2.**|||||||
|---|---|---|---|---|---|---|---|
|**Incoming resources**|||Unrestricted<br>fund||Restricted<br>Fund|||
|**Donations & Legacies**||||||**Yr**<br>**2021**|**Yr**<br>**2020**|
|Acts of Mercy Support||||||||
||||4,840|-||4,840|808|
|Conference Registration<br>Fee||||||||
||||3,497|-||3,497|7,610|
|Offering||||||||
||||12,654|||12,654|13,749|
|Partner Giving||||||||
||||4,360|||4,360|3,820|
|Special Giving||||||||
||||2,635|||2,635|3,106|
|Thanksgiving||||||||
||||680|-||680|810|
|Prophetic school||||||||
|||||||||
|Tithes||||||||
||||17,466|-||17,466|21,425|
|**Other Incoming Resource**||||||||
|||||||||
|Other (gain sale of asset)||||||||
|||||||||
|Gift Aid||||||||
|||||||-|8,733|
|**Total**||||||||
||||46,131|-||46,131|60,061|



## **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|**2021**|**2020**|
|---|---|---|---|
|||£542|£470|
|**4.**|**Trustees Remuneration & Benefits**|||
|||**2021**|**2020**|
|||£7,700|£7,800|



## **Trustees' expenses** 

There were no trustees' expenses paid for the year ended 31 December 2021. 

Page 11 



## **FRONTLINE MINISTRIES(ENFIELD)TRUST** 

## **5. CASH IN HAND & AT BANK** 

|||**2021**|**2020**|
|---|---|---|---|
|||£|£|
|Account|1- Parent|4726|7114|
|Account|2- Prophetic School|361|133|
|Account|3- Acts of Mercy|1851|788|
|Account|4- Barnet|11,515|8725|



There were no employees during the year 

Page 12 



## **FRONTLINE MINISTRIES(ENFIELD)TRUST** 

## Detailed Statement of Financial Activitiesfor the Year Ended 31 December 2021 

|**Incoming Resources**<br>Non-Profit Income<br>Acts of Mercy Support<br>Conference Registration Fee<br>Gift Aid<br>Offering<br>Outreach/ Crusade Income<br>Partner Giving<br>Prophetic School Retreat<br>Special Giving<br>Thanksgiving<br>Tithes|**2021**|
|---|---|
|Total Non-Profit Income<br>Other Income<br>Gain on asset disposal<br>Total Other Income<br>Net Other Income||
|**Total Income**||
|**Resources Expended**<br>Advertising/Promotional<br>Auto- Running costs<br>Conferences<br>Equipment<br>Equipment Storage Rent<br>Gifts<br>Honorarium<br>Hospitality<br>Missions<br>Benevolent Giving<br>Missions - Acts of Mercy<br>Office/General Administrative<br>Expenses<br>Training<br>Outreach/ Crusade<br>Phone Costs<br>Printing, Postage and Stationery<br>Repair and maintenance<br>Stipend / Allowances<br>Subscription<br>Hall Hire||



Page 13 



## **FRONTLINE MINISTRIES(ENFIELD)TRUST** 

|Insurances<br>£179<br>£0<br>£0<br>Travel and Accommodation<br>£0<br>£0<br>Tuesday Hall Hire<br>£7400<br>£0<br>£7,400<br>Depreciation<br>£254<br>£0<br>£254<br>Total Resources Used<br>£44436<br>£0<br>£44436<br>Governance<br>Independent Examination<br>£542<br>£0<br>£542<br>**Total Expenditure**<br>**£44978**<br>**£0 £50,731**|£0<br>£122<br>£7,200<br>£0<br>£50,261<br>£470<br>**£50731**|
|---|---|



Page 14