REGISTERED CHARITY NUMBER: 1070584 (England and Wales)
Report of the Trustees and
Financial Statements for the Year Ended 31 December 2022
For
FRONTLINE MINISTRIES (ENFIELD)TRUST
FRONTLINE MINISTRIES(ENFIELD)TRUST
Contents of the Financial Statements for the Year Ended 31 December 2022
| Contents | Page |
|---|---|
| Contents | 1 |
| Report of the trustees | 2-7 |
| Independent Examiner | 8 |
| Statement of Financial Activities | 9 |
| Balance Sheet | 10 |
| Notes to the Financial Statements | 11-13 |
| Detailed Statement of Financial Activities | 14-15 |
Page 1
FRONTLINE MINISTRIES(ENFIELD)TRUST
Report of the Trustees for the Year Ended 31 December 2022
The trustees present their report with the financial statements of the charity for the year ended 31 December 2022. 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 HSBC Upper Edmonton Romford Branch Edmonton 9 Market Place London Romford N28 8TT Essex RM1 3AF
Independent Examiner
AE Accountax Ltd
Unit 1, Reynard House 5A Castlefield Road
Reigate RH2 0SA
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 2022.
FINANCIAL REVIEW
The results of the year’s operation are set out in the financial statements below. The net movement in funds for the year 2022 amounted to a deficit of (£6,831) and a surplus of £1,149 in the year 2021.
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.
Page 3
FRONTLINE MINISTRIES(ENFIELD)TRUST
Objectives and Principal Activities:
The overall objectives of the charity are:
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The advancement of the Christian Faith in accordance with the teachings of the bible.
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The advice and relief to the poor, aged, sick and those in conditions of hardship and distress.
-
Other charitable purposes as the Trustees may determine from time to time.
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FRONTLINE MINISTRIES(ENFIELD)TRUST
Report of the Trustees for the year ended 31 December 2022
ACHIEVEMENT AND PERFORMANCE FOR THE YEAR 2022
Charitable activities
Our activities for the year 2022 include.
The Flaming Torch meetings continued to meet at unit 9a Nobel Road Edmonton N18. Prayers are made on a weekly basis for the nation and personal issues. A few members have testified of life improvement as a result of attending the prayer meetings. The meetings remain open to all Christians from various churches. Various church members glean from the meetings and carry the benefits back to their local churches.
In March, we held a 12 Hours of Prayer and Praise which involved guest and ministers from various churches.
Revival Prayer Push UK, another interdenominational prayer meeting, continues to hold every Monday from 5am to 8am with the specific focus of praying for revival in UK. This has seen people from different parts of the UK join over zoom every Monday. The effect has had impact on different churches and individuals.
As an offshoot of the zoom prayers, the ministry embarked on a program called, Revival Fire Train. Apostle Yinka and a team visited 9 different cities/towns beginning at Edinburgh in March and ending in Birmingham in May. The response was tremendous with some of them reporting the knock-on effect in their church. Some have invited Apostle back to minister in their church. The whole aim of the Revival Fire Train was to stir up the fire of God in the cities through the various local churches. All these events were carried out at the ministry’s expense.
Travailing Parents is another interdenominational arm of the ministry which seeks to mold and shape our children in a godly manner to prevent them getting mixed up with antisocial and non-ethical behaviour in their community. Every 3[rd] Saturday from 7am to 8am parents join on zoom to pray for our children. This has proved helpful as some have come back with testimonies of how their children have taken a better turn in life.
A special prayer for the nations was held at 11pm over zoom started on 19[th] October 2022 because of the then instability in the government.
Awaken , youth event took place 28[th] August with a greater attendance than last year. Held at the Young Actors Theatre. Islington.
Page 5
FRONTLINE MINISTRIES(ENFIELD)TRUST
The Acts of Mercy project is still going on with 220, 000 ngn being given to 11 widows every month for upkeep. We received report of the progress of the widows. Some have been able to send their children to school and others started a business. This is monitored by our oversees representatives Dr. Christianah who collates the report every 6 months.
As part of the Acts of Mercy we held Easter program for children in Abuja, Nigeria. Over 100 children were given party packs with indomie noodles and cornflakes
FRONTLINE REVIVAL CHURCH ACTIVITIES
-
In May, we had a sent off to the resident pastors and family. They were moving to another church while Apostle Yinka and Pastor Niyi remained to pastor the church.
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Our christmas service was a big success with the venue being totally transformed by team effort and commitment of church members. This was held on 18[th] December 2022 at Maad restaurant, Wood Green. Please follow link below to see some of photos during the preparation. https://photos.app.goo.gl/AzMSvtb2zjg89WM87
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Our Sunday meetings are currently holding at Unit 9A Nobel Road, Edmonton in the afternoon. The advantage of the venue has been that it is easier to set up and that we meet in the afternoon. This enables some brethren to join us. We have had new members joining the church since we moved to Unit 9A.
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Our Bible study and Prayer for the church is held every Thursday online.
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In July 2022 we held a picnic day at Wood Green in one of the parks nearby. It was a time of bonding and getting to know one another better.
Adeniyi John (Pastor)
Page 6
FRONTLINE MINISTRIES(ENFIELD)TRUST
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:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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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 30 October 2023 and signed on its behalf by:
Adeniyi John - Trustee
Page 7
FRONTLINE MINISTRIES(ENFIELD)TRUST
Independent Examiner's Report to the Trustees of Frontline Ministries (Enfield) Trust
I report on the accounts for the year ended 31 December 2022 set out on pages ten to sixteen.
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:
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examine the accounts under Section 145 of the 2011 Act
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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
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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, 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:
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(1) which gives me reasonable cause to believe that, in any material respect, the requirements
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to keep accounting records in accordance with Section 386 and 387 of the Companies Act 2006; and
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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…30/10/2023…………
Bim Ewetade FCCA, B A (Hons) Accounting & Finance, AFA ,MIPA/AFTA
Page 8
FRONTLINE MINISTRIES(ENFIELD)TRUST
Statement of financial activities
| Notes | Unrestricted funds |
Restricted income funds |
Unrestricted Funds | Unrestricted Funds | ||
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | |||
| Incoming resources | Yr 2022 | Yr 2021 |
||||
| Donations & Legacies | 2 | 37,949 | 37,949 | 46,131 |
||
| Other Incoming Resource | - | - | ||||
| Other(interests etc.) | 1 | 1 | - |
|||
| Gift Aid | - | - | ||||
| Total | 37,949 | - |
37,949 | 46,131 |
||
| Resources expended (Note 6) | ||||||
| Expenditure on: | ||||||
| Charitable activities | 44,210 | - |
44,210 | 44,441 | ||
| Support Costs | 570 | - |
570 | 542 | ||
| Total | 44,780 | - |
44,780 | 44,983 | ||
| Net income/(expenditure) before investment gains/(losses) |
-6,831 | - | - 6,831 |
1,149 |
||
| Net gains/(losses) on investments | - | - | - | |||
| Net income/(expenditure) | -6,831 | - | - 6,831 |
1,149 |
||
| Net movement in funds | -6,831 | - | - 6,831 |
1,149 |
||
| Reconciliation of funds: | ||||||
| Total funds brought forward | 17,438 | - | 17,438 | 16,290 | ||
| Total funds carried forward | 10,608 | - | 10,608 | 17,438 |
CONTINUING OPERATIONS
All incoming resources and resources expended arise from continuing activities.
Page 9
FRONTLINE MINISTRIES(ENFIELD)TRUST
| Balance sheet | as at 31 December 2022 | as at 31 December 2022 | as at 31 December 2022 | ||
|---|---|---|---|---|---|
| Notes | Unrestricted funds |
Restricted income funds |
2022 | 2021 | |
| £ | £ | £ | £ | ||
| Fixed assets | 1 | 1 | 1 | ||
| Current assets | |||||
| Cash at bank and in hand |
5 | 17,453 | - | 17,453 | 18,454 |
| Total current assets | 17,453 | - | 17,453 | 18,454 | |
| Creditors: amounts falling due within one year |
3 | 6,901 | - | 6,901 | 1,016 |
| Net current assets/(liabilities) |
10,552 | - | 10,552 | 17,438 | |
| Total assets less current liabilities |
10,553 | - | 10,553 | 17,439 | |
| Creditors: amounts falling due after one year |
- | - | - | ||
| Provisions for liabilities | - | - | - | ||
| Total net assets or liabilities |
10,553 | - | 10,553 | 17,439 | |
| Funds of the Charity | |||||
| Restricted income funds | - | - | - | ||
| Unrestricted funds | 10,553 | 10,553 | 17,439 | ||
| Revaluation reserve | - | - | |||
| Total funds | 10,553 | - | 10,553 | 17,439 |
The financial statements were approved by the Board of Trustees on 30 October 2023 and were signed on its behalf by:
Adeniyi John -Trustee
Page 10
FRONTLINE MINISTRIES(ENFIELD)TRUST
Notes to the Financial Statements for the Year Ended 31 December 2022
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 11
FRONTLINE MINISTRIES(ENFIELD)TRUST
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
| 2. | 2. | ||||||
|---|---|---|---|---|---|---|---|
| Incoming resources | Unrestricted fund |
Restricted Fund |
|||||
| Donations & Legacies | Yr 2022 | Yr 2021 |
|||||
| Acts of Mercy Support | 3,201 | - |
3,201 | 4840 |
|||
| Conference Registration Fee |
- | - | 3497 | ||||
| Offering | 10,839 | 10,839 | 12654 | ||||
| Partner Giving | 3,540 | 3,540 | 4360 |
||||
| Special Giving | 4,383 | 4,383 | 2635 |
||||
| Thanksgiving | 975 | - | 975 | 680 |
|||
| Prophetic school | |||||||
| Tithes | 15,010 | - | 15,010 | 17,466 |
|||
| Other Incoming Resource | |||||||
| Other (gain sale of asset) | |||||||
| Gift Aid | - | - | |||||
| Total | 37,949 | - | 37,949 | 46,131 |
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 Fees received in advance for 2023 Conference Accruals for other charitable activities Total Trustees Remuneration & Benefits |
2022 2021 £570 £542 £5,965 £ 366 _____ £6,901 2022 2021 £5,900 £7,700 |
|---|---|
4. Trustees Remuneration & Benefits
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2022.
Page 12
FRONTLINE MINISTRIES(ENFIELD)TRUST
| 5. | CASH IN HAND & AT BANK | |
|---|---|---|
| 2022 2021 | ||
| £ £ | ||
| Account 1- Parent | 2,466 4,726 | |
| Account 2- Prophetic School | 3941 361 | |
| Account 3- Acts of Mercy | 819 1851 | |
| Account 4- Barnet | 10,227 11,515 |
There were no employees during the year.
Page 13
FRONTLINE MINISTRIES(ENFIELD)TRUST
Detailed Statement of Financial Activities for the Year Ended 31 December 2022
| 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 |
2022 |
|---|---|
| Total Non-Profit Income Other Income Total Other Income Net Other Income |
|
| Total Income | |
| Resources Expended Advertising/Promotional Auto- Running costs Conferences Equipment Equipment Storage Rent Gifts Honorarium Hospitality Missions Benevolent Giving Missions - Acts of Mercy Office/General Administrative Expenses Repair & Maintenance Training Outreach/ Crusade Phone Costs Printing, Postage and Stationery Repair and maintenance Stipend / Allowances Subscription Website Maintenance |
Page 14
| FRONTLINE MINISTRIES(ENFIELD)TRUST Hall Hire (inc. Sundays) £5313 £0 £5313 Insurances £0 £0 £0 Travel and Accommodation £4515 £0 £4515 Tuesday Hall Hire £6300 £0 £6300 Depreciation £0 £0 £0 Total Resources Used £44210 £0 £44210 Governance Independent Examination £570 £0 £570 Total Expenditure £44780 £0 £44,780 |
£680 £179 £0 £7,400 £254 £44436 £542 £44978 |
|---|---|
Page 15