ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
REVIVAL FIRE MINISTRIES TRUST
(A Company Limited by Guarantee)
CHARITY REGISTRATION No: 1079442 COMPANY REGISTRATION No: 3863085
Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF
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REVIVAL FIRE MINISTRIES TRUST
(A Company Limited by Guarantee)
CONTENTS
| Legal and Administrative Information | Page 3 |
|---|---|
| Trustees' Annual Report | Pages 4 |
| Independent Examiner's Report to the Trustees | Page 5 |
| Statement of Financial Activities | Page 6 |
| Balance Sheet | Page 7 |
| Notes to the Financial Statements | Pages 8 to 12 |
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REVIVAL FIRE MINISTRIES TRUST
(A Company Limited by Guarantee)
LEGAL AND ADMINISTRATIVE INFORMATION
REGISTERED CHARITY NUMBER 1079442 REGISTERED COMPANY NUMBER 3863085 DATE OF INCORPORATION 21st October 1999 START OF FINANCIAL YEAR 01st April 2023 END OF FINANCIAL YEAR 31st March 2024 DIRECTORS AT 31ST MARCH 2024 Dr George Grimble Stuart Wishart William George Challis Robert Mark Archer Katrina Henderson - Resigned on 01.04.2023 Eddie Henderson - Resigned on 01.04.2023
The existing trustees appoint any new trustees following the provisions laid out in the organisation's governing instrument.
LEGAL STATUS
Company Limited By Guarantee
GOVERNING INSTRUMENT
Memorandum and Articles of Association Incorporated 21st October 1999
OBJECTS
(A) Advance the christian faith in accordance with the statement of beliefs appearing in the schedule in Kenya and such other parts of Africa or the world as the trustees of the charity may from time to time think fit;
(B) Relieve persons who are in conditions of need or hardship or who are aged or sick and to believe the distress caused thereby in the said country and in such other parts of Africa or the world as the trustees may from time to time think fit;
(C) Advance education in accordance with Christian principles in the said country and in such other parts of Africa or the world as the trustees may from time to time think fit;
(D) Promote and fulfil such other charitable purposes beneficial to the community in the said country and in such other parts of Africa or the world as the trustees may from time to time think fit.
REGISTERED ADDRESS
St Barnabas Church 913 High Road London N12 8QJ
PRIMARY BANKERS
Royal Bank of Scotland 14 Allan Street Blairgowrie PH10 6AD
INDEPENDENT EXAMINER
Zita Derbak Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF
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REvniAL FIRE MINIsfRIES TRusr (A Company Llmited by Guat7ntee) TRusfEES' ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2024 Revlval re Mlnlstres has wpported IMS couples In Kenya, Roger and Shlreen West and nm and Chrlstlarb Wost who have quite different outreach. R(Jer and shIn are njnnlng a small, but growlng churd) and have engaged In street evan9ellsm and open alr outreach In the local market. The church holds a Sunday rnorning children's Serv and an afternoon ev8ngellsm servlce. They are dl5trlbung Gospels. Blble5 and other Christian educational matedais. Trls Is a change of thelr work which before the Covid pandemic was ma1Y tent-based larye-scale evangelism In Congo, Uganda, Southern Sudan and Kenya. Roger un(krtook a d1rtan learning pro9k7mrne from Metropolitan Tabernade In London and thèy n¢w think that thurth planting IS the way forward and are vigorousty developin9 this. TIM and Christian aTe undertakln9 S14PPOrt work In local sthools whth ran9es from supplyln9 breakfast to thlldren In k)cal prfmary schools (Irnrtant for attentlon and sthool attendance),. to provldlng fiushable and reu5abk water filters to Ilood affected areas and schools; to provldlng Intemet for educatlonal support In local schools and nnalty provldlng foo<1 parcels to local special needs sthool. The blg project has been to build a new dorrnitory for Tharua speclal need5 schMI. This work Is $thlUVe to complete sn July 2024. This work is belng perfonmed In OlabOratIOn wlth donors, the Headmaster and Boand of Management, the Brltlsh Arn)v Tralnlng Un¢t Kenya (BATUK), Vlslon 4 Klds Northern Ireland, New Ufe Mlsslon Norway antd 8raeburn International School. The dofrnltory will provide the pupils and matron with a fvlty purpose-built domitw fècility; Ntted wlth ensulte disabled flu5hlng toltet5, warni 5howertnG fadllues and an adjolnlng matron's bedroom. Lt wlll be tNIy transformatlonal to the dally Ilve5 of those at the school. In addltlon, they a dlsffibutlng Blbie5 and Chrfstian rnagèzlnes to severnl local sch&5 whdsi engaging With 9th1 èssèmbllesi youth groups u$lng sports, puppet shows and faith-sharing Fln•ndal r¢vl Monies sent enèbled the purthase of bibles for many sthool chldren, the setting up of a new Bible sbjdy and the 5UPPOrt of a srnall feedlng programme. RFM and the trustees of RFMT are kept up to date monthly by emall wlth the nnanclal ptssltlon or RFff. At the end of the financial year there was a healthy balan to b? caffled forward Into year 2023124. lieseThe5 are at balarKe In accordan¢4 wlth pollry. Ther• ar• pl•ns to increase the income through iftvit•tions to speak •t varfous thurthes. Statennt of Trust•eJ' Rew4n•lbllltl•s: The trustees (who are also the dlreLtors of Revlval Flre Ministiies Trust for the purpDses of c¢)mpany law) are responslble lor prepaFlng the trustees, report and the flnanaal statemènts in accordanco wlth applicabje law and UnSted Kingdom Accountlng standards (United Kingdom Generally Accepted Accountlng Prnctlcl, Indudlng FRS 102 Yhe Flnandal Reportlng Standard appllcable In the UK and Republlc of Ireland.. C<mpany law rnquires th trustas io prepare flnandjl 5tstements for eath financlal year, Under company law the trustees must not approve the finandal 5tatetnents unless they are saysfied that they glve a true and falr vlew of the state of affalr5 of the charttsble company and of the Incomlng sourceS and application of TEsourw, indudlng its Income and &xpendibJre. ol the charitable company for that period. In preparln9 these flnandal statements, the trustees we requlred to: lal seleet Sultsble accovnting pollcle$ and ?ppty them consl#entty,' jbl make Judgements and esmateS that are reasonabte and prudent- (¢1 prepar# finanaal. 5t)taments on the going conrfi I1$ unless It ts hn•ppropri8te to presun that th• trust will continue in existence. (d) state whether appllcable ac¢ountlng standards, comprlslng FRS 102 have been followed, subjett to any m•terlal departures disclosed and Lxpl•ined in tl)e financial ststemeftts. an (e) obseNe the methods and prlndples In the Chbrltles SORP. The trltee$ are responslble for keeplng proFer accounting records that can disclose wtth reasonable accuracy at any time the finanaal p051tson of the charltsble company and enable them to ensure that the nnandal ststements ccrfnpty wrth the Crrfnpanle5 Aci 2006. They are also responsible for safeguarding the assets of the tharltable company and hen for tsking sonable steps for the pwention and detettign of fraud and other Irregulaflties. Small companies provislon statement This report has been prepared in accordance wlth the small companies regime unE1er the Companles Att 2006. The annual report was approved by the trustees of the charity and si9ned on its behalf: Approved by the Trustees on: Signed ort their behatF by TnJ*ee: £k-a- us. L kJi£l4AQ-r prtntod Name:
INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS
Report to the trustees and members of Revival Fire Ministries Trust on the accounts for the year ended 31st March 2024 set out on pages 6 to 12.
RESPONSIBILITIES AND BASIS OF REPORT
As the charity’s trustees of Revival Fire Ministries Trust (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of Revival Fire Ministries Trust are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.
INDEPENDENT EXAMINER'S STATEMENT
I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that:
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accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
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the accounts do not accord with such records; or
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the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006
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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; or
• the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
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.
Zita Derbak MAAT, AATQB Independent Examiners Ltd
Sign:
2 Broadbridge Business Centre Delling Lane Bosham Date: 20.11.2024 West Sussex PO18 8NF
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REVIVAL FIRE MINISTRIES TRUST (A Company Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024
| Notes INCOME Donations and Legacies 3 TOTAL INCOME EXPENDITURE Cost of Charitable Activities 4 TOTAL EXPENDITURE NET INCOME/(EXPENDITURE) Total Funds Brought Forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted Designated Restricted TOTAL TOTAL Funds Funds Funds 2024 2023 £ £ £ £ £ 59,507 - - 59,507 16,112 59,507 - - 59,507 16,112 47,466 - - 47,466 31,958 47,466 - - 47,466 31,958 12,041 - - 12,041 (15,846) 15,086 - - 15,086 30,932 27,127 - - 27,127 15,086 |
|---|---|
Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.
The notes on pages 8 to 12 form part of these financial statements.
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REVIVAL FIRE MINIsfRIES TRUST {A Company ts"mited by Guarantee) Company Nurnber.. 3863085 BALANCE SHEEr AS AT 31sr MARCH 2024 Unrestrlcted Deslgnated Re5tr1cted Funds Funds Funds Total Totsl 31-t4ar-24 31-Mar-23 Note Tanglble Assets Debtor5 & Prepayments Cash at Bank and in Hand Total Current A•set• 10,263 10,263 Cr•dltoY•i amounts tslllng due wlthln one year NET CURRENf ASSETS 660 450 27.127 27.127 15,086 TOTAL ASSETS less current liabilltles 27,127 27,127 15,086 Long Torn1 Uabllltlos io R•prBsentsd By General Funds Deslgnated Funds Restrirted Funds 27,127 27,IZ7 15,080 Total Fund% For the finandal year ended 31st March 2024. the company was entllled to exemptlon from )udbt under 477 of the ComD•nles Art 2006 l•ting to small tompanles. No members have requlred the company to obtsln an audlt of its accounts for the year ended 31st March 2023 In accordance with section 476 of the Companies Art 2006. The dlrectors acknowledge thelr responslbilltles for complying with the requlrements of the Companles Art wlth respect to accounting records and the preparion of attounts. These actounts have been Pred in ?ccordance with the provislons applicable to companle$ subJect tts the SMBII companle$' re9lme. These finanoal ststements have been prepar in accordan wlth the specl?I prov151ons relating to companles subject to the small companles reglme within Part 15 of the Companles Act 2006. The finandal statements on pages 6 to 12 were approved by the tNstees, and authodsed for Issue .' ots__-ll_/ 202 ed ffi thdr lhall by Trustee .-_--,.- Prfnted Name: VJI £HA(I I
REVIVAL FIRE MINISTRIES TRUST
(A Company Limited by Guarantee)
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31ST MARCH 2024
1. ACCOUNTING POLICIES
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with 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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Basis of Preparation
Revival Fire Ministries Trust 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 notes.
The charity constitutes a public benefit entity as defined by FRS 102.
Assessment of Going Concern
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.
Incoming Resources
Recognition of Incoming Resources
These are included in the Statement of Financial Activities (SOFA) when:
▪ the charity becomes entitled to the resources;
▪ the trustees are virtually certain they will receive the resources; and
▪ the monetary value can be measured with sufficient reliability
Incoming resources are received largely by way of tithes, donations, offerings and contribution towards events and young peoples work.
Incoming Resources with Related Expenditure
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.
Grants and Donations
Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Tax Reclaims on Donations and Gifts
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.
Donated Services and Facilities
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
Volunteer Help
The value of any voluntary help received is not included in the accounts.
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REVIVAL FIRE MINISTRIES TRUST (A Company Limited by Guarantee)
NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2024
1. ACCOUNTING POLICIES (continued)
Expenditure and Liabilities
Liability Recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Governance Costs
Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advise to trustees on governance or constitutional matters.
Taxation
The charity is exempt from tax on its charitable activities.
Unrestricted funds
These funds can be used for the general objectives of the charity as set out in the trustees report. The movements of the unrestricted funds are given in the Statement of Financial Activities.
Restricted funds
These funds are where the donor has specified a purpose for the donation made. These restrictions often arise as a result of the regular appeals for special offerings.
Designated funds
These funds are funds set aside by the trustees out of unrestricted general funds for specific purposes or projects.
Assets
Fixed Assets
Tangible fixed assets for use by the charity are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt.
Depreciation Expense
Depreciation is calculated at a rate to write off the cost of tangible fixed assets on a reducing balance over their estimated useful lives. The rates applied per annum are as follows:
Equipment 25% Motor Vehicles 25%
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REVIVAL FIRE MINISTRIES TRUST (A Company Limited by Guarantee)
NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2024
2. TANGIBLE FIXED ASSETS
| Cost 01-Apr-23 Additions Cost at 31-Mar-24 Depreciation 01-Apr-23 Charge Depreciation at 31-Mar-24 Net Book Value 31-Mar-24 Net Book Value 31-Mar-23 |
Motor General Total Vehicles Equipment 2023/24 £ £ £ - - - - - - - - - - - - - - - - - - - - - - - - |
|---|---|
The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st March 2024: None
31st March 2023: None
| 3. INCOMING RESOURCES Note Donations & Legacies Gifts Tithes & Offerings Gift Aid Tax Recovered |
Unrestricted Designated Restricted TOTAL TOTAL Funds Funds Funds 2024 2023 £ £ £ £ £ 42,700 - - 42,700 14,875 16,807 - - 16,807 1,237 59,507 - - 59,507 16,112 |
|---|---|
| 4. RESOURCES EXPENDED Note a) Cost of Charitable Activities Disposal of asset Independent Examination Kenyan Mission Support (RFM) Sundry Expenses |
Unrestricted Designated Restricted TOTAL TOTAL Funds Funds Funds 2024 2023 £ £ £ £ £ - - - - 5,948 660 - - 660 414 46,741 - - 46,741 24,753 65 - - 65 843 47,466 - - 47,466 31,958 |
|---|---|
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REVIVAL FIRE MINISTRIES TRUST
NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2024
5. RESTRICTED FUNDS
The Charity held no restricted funds during this or the previous financial period.
6. DESIGNATED FUNDS
The Charity held no designated funds during this or the previous financial period.
| 7. CASH AT BANK AND IN HAND Cash at Bank and in Hand 8. DEBTORS AND PREPAYMENTS Gift Aid owed Independent Examiner's Fee 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
Unrestricted Restricted Total Total Funds Funds 2024 2023 £ £ £ £ 17,524 - 17,524 15,536 17,524 - 17,524 15,536 Unrestricted Restricted Total Total Funds Funds 2024 2023 £ £ £ £ 10,263 - 10,263 - 10,263 - 10,263 - Unrestricted Restricted Total Total Funds Funds 2024 2023 £ £ £ £ 660 - 660 450 660 - 660 450 |
|---|---|
10. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR
The Charity held no long term liabilities during this or the previous financial year.
11. STAFF COSTS AND NUMBERS
The charity had no paid staff members in this financial year of 2023/24, no members of staff received emoluments in excess £60,000. (2022/23: Nil)
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REVIVAL FIRE MINISTRIES TRUST
NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2024
12. PAYMENTS TO TRUSTEES AND OTHER RELATED PARTIES
No payments were made to trustees or any persons connected with them during this financial period. No other material transaction took place between the organisation and a trustee or any person connected with them. (2023: Nil
13. RISK ASSESSMENT
The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
14. RESERVES POLICY
The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The trustees will endeavour not to set aside funds unnecessarily.
15. PUBLIC BENEFIT
The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or "aims" that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
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