**Registered number 5247714 Charity number 1106723**
## **FAITH MINISTRIES UK CHURCHES**
**The Annual Report and Financial Statements For the Year Ended 31 August 2022**
1
## Table of Contents
_**Reference and administrative Information about the charity ........................................................... 3 Trustees/director’s annual report .................................................................................................... 4 Independent Examiner’s Report ....................................................................................................... 8 Statement of Financial Activities ..................................................................................................... 9 Balance Sheet ................................................................................................................................ 10 Notes to the Financial Statements ................................................................................................. 11**_
2
FAITH MINISTRIES UK CHURCHES **TRUSTEES' ANNUAL REPORT** FOR THE YEAR ENDED 31[st] AUGUST 2022
## Reference and administrative Information about the charity
The trustees/directors present its annual report and independently examined financial statements for the year ended 31 August 2022.
## **Legal and Administration Details**
## **Full name**
FAITH MINISTRIES UK CHURCHES
## **Also known as**
FMUK
Company registered number 5247714
Registered charity number 1106723
## **Trustees/Directors**
The Trustees/Directors during the year were as follows:
Justine Phiri Benjamin Munyaneza Michael Machumi
## **Company Secretary**
Michael Machumi
## **Principal Address**
Sheffield Christian Centre, 131 Guildford Avenue, Sheffield, South Yorkshire, S2 2PR.
## **Bankers**
H S B C Bank, 17 Church Street, Sheffield, South Yorkshire, S1 1HH.
## **Independent Examiner**
Padmore Makumbe (ACMA), 83 Cairns Road, Beighton, Sheffield, South Yorkshire, S20 1AN.
3
FAITH MINISTRIES UK CHURCHES **TRUSTEES' ANNUAL REPORT** FOR THE YEAR ENDED 31[st] AUGUST 2022
## Trustees/director’s annual report
The trustees confirm that the annual report and the financial statements of the charity comply with current statutory requirements, the requirements of the charity’s governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015).
The company qualifies as small under section 383. The Trustees Report has been prepared in accordance with the special provisions of section 419 (3) of the Companies Act 2006 relating to small companies.
## **Objects and Activities of the Charity**
The objects of the Charity are:
- (a) To advance the Christian faith in London, Sheffield and Manchester through our local congregations and in such other parts of the United Kingdom or the world.
- (b) To relieve persons who are in conditions of need or hardship in various forms.
- (c) To advance education in accordance with Christian principles by such means as the trustees may consider appropriate including by means of establishing and operating any educational establishment.
- (d) Such other charitable purposes beneficial to the communities as a whole.
## **Structure and Governance**
The churches meet in local congregations that have been given local autonomy whilst continuing to work closely together as a family of churches. The trustees set out on page 3 are the directors of the company for the purposes of charity law and under the company’s Articles of Association. New trustees undergo an induction process and are made aware of their duties and responsibilities as trustees.
Faith Ministries UK Churches is made up of three local churches in the UK in London, Sheffield, Manchester and Vienna in Austria, each run by congregational leadership teams. The local churches develop their own local expression and involvement in the community whilst retaining the overall vision, values and mission of the whole. The Trustees have legal responsibility for the activities of the Charity in accordance with Charity Law.
## **THE WORK OF THE CHARITY**
## **“MAKING ROOM FOR GOD”**
The vision of FMUK is to reach people and turn them into fully devoted followers of Jesus Christ. The overarching theme for our church this year was “Making Room for God.” The teaching focus and preaching emphasis as well as ministry activities carried out were fashioned to address this one theme and equip believers to make room for God in their relationships, in serving, in mission and for maturity.
As a ministry, our mission is making disciples that make disciples: We are committed to making disciples that reproduce themselves wherever they go. Sunday celebrations, Children’s church, the youth ministry, Missional Life Communities, and the pulpit ministry were all working on seeing this church theme a reality in their context in terms of focus activities, mindset, programmes, preaching and teaching.
## **Achievements and Performance**
This ministry year was different because of the post COVID-19 pandemic challenges that were that continued to impact peoples’ way of living and thinking about their health. It was not easy to get back to church for services in person. FMUK leadership had to be more creative and versatile in coming up with ways of engaging members and keeping them grounded in Christ. More time, energy and resources were invested in discipling people.
4
FAITH MINISTRIES UK CHURCHES **TRUSTEES' ANNUAL REPORT** FOR THE YEAR ENDED 31[st] AUGUST 2022
The V.I.P. Project for the less privileged in Sheffield held fortnightly was resumed because it was changing people’s lives. However, the safety and the health of the people remained a priority. There was a significant increase of people in the community needing practical support for their families and emotional and spiritual support.
## Worship and Prayer
FMUK increased the range of worship services during the week and on weekends in London, Sheffield and Manchester through onsite and online platforms. The community found these services both practically beneficial and enriching spiritually even though people were still adjusting to meeting in person again. Wednesdays, Thursdays and Fridays (Sheffield) are normally the days for prayer and opportunity for people to spend time with God in solitude and in corporate prayer with other people. Sheffield held special guest services at Easter time and on Christmas Eve which were well attended by members of the community.
## Young People
Young Adults ministry was able to address the spiritual needs and concerns of young adults in the community this year and reach out to young people in the city of Sheffield through online platforms and social networks. The young people hosted the annual Youth Camp in person at a retreat Centre in Clover Hall, Shropshire area.
## Conferences
In July, the FMUK’s annual Conference was held in Sheffield Christian Centre as a hybrid model with an online provision for those that could not be there in person. Several delegates have found these conferences refreshing in their spiritual walk with God and strengthening to their Christian faith. We welcomed several guests from the community as they came voluntarily to explore the Christian faith. As a public benefit, our practice as a church is that people from our communities do not have to pay any entry fee as these Conferences are community-focused events for our community to benefit from and be exposed to the Christian faith. The Conference is funded mainly from voluntary donations.
The women’s ministry also hosted a successful Conference for FMUK Women that was held in Sheffield.
## Pastoral Care
This year there was a deliberate focus on pastoral care of the members considering the after effects of COVID when more people had either to look for new jobs or learn new skills to fit the new context. Some families were still recovering from COVID or having to go through bereavement due to loss of loved ones. The church has had to adjust to providing confidential Christian counselling to several individuals and families in different areas such as financial difficulties, parenting, schooling issues, bereavement, health issues and marital relationships.
## Relationships with other Churches
FMUK Churches is part of Salt and Light Ministries which is an International family of more than 1000 churches across the globe. At national level, FMUK is a member of the Evangelical Alliance of UK (EAUK). Locally, we are part of the church communities and local agencies.
Other churches in the city have access to our water baptism facilities. The availability and provision of our facility benefits a number of Christian faith communities in the city. We have very good working relationships with other churches and with ministers from various denominational streams.
FMUK supported other ministries and missions globally in places like India, USA and Zimbabwe.
## Mission and Evangelism
FMUK continued its partnership with other charities that work with the marginalised sections of society such as ASSIST Sheffield that seeks to challenge destitution of asylum seekers. We offered practical and financial support at such a time when the asylum seekers were going through a tough season during the pandemic.
5
FAITH MINISTRIES UK CHURCHES **TRUSTEES' ANNUAL REPORT** FOR THE YEAR ENDED 31[st] AUGUST 2022
## **Future Plans**
The trustees are currently considering revamping the church office space that is still outstanding and investing more resources in children’s ministry. The trustees and elders are also planning to invest in missional drives to grow the church and her influence in the city.
## **Financial review**
## Going Concern
The trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.
The Statement of Financial Activities for the period is set out on page 9 of the financial statements. Incoming resources for the year were £290,038 (2021: £226,286). Total expenditure on charitable activities together with governance costs amounted to £247,638 (2021: £233,871). Net expenditure (deficit) for the year was £42,400 (2021: (£7,585)) resulting in a total fund balance at the year-end of £116,865 (2021: £74,465).
## Risk Assessment
Faith Ministries UK Churches has carried out risk assessment to identify potential financial risks that the organisation may face and steps have been taken to mitigate these risks. Organisational risk assessments are carried out in order to assess and manage major risks. These include financial, property, staff, trustees and major incidents.
## Reserves Policy
The Trustees have a goal to set up a policy of retaining reserves sufficient for the foreseeable needs (about three to six months) of the church. The trustees consider enough reserves are held at the year-end and will set a formal reserves policy in the coming year. Free reserves on 31 August 2022 were £112,052 (2021: £60,745).
## Volunteers
We would like to thank the 70 plus volunteers who work so diligently to make our church welcoming and vibrant community that is full of faith and love. In particular, we would like to thank our pastors, elders, leaders and ministry teams such as ushering, hospitality, administration, catering, counselling, media team, missional life communities and life transformation group leaders.
## Public Benefit Reporting
The trustees of Faith Ministries UK Churches have given due regard to the public benefit guidance as issued by the Charity Commission as per regulation 40(2)(c)(ii) of the public benefit reporting requirements, when reviewing aims and objectives and in planning future activities of the church.
6
FAITH MINISTRIES UK CHURCHES **TRUSTEES' ANNUAL REPORT** FOR THE YEAR ENDED 31[st] AUGUST 2022
## **Statement of Trustees’ responsibilities**
The trustees (who are also directors of Faith Ministries UK Churches for the purposes of company law) are responsible for preparing The Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the year.
In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report was approved by the Trustees on 30[th] May 2023 and signed on their behalf by:
**Signed** M.Machumi **Date:** 30/05/2023
Name: Michael Machumi Board of Trustees
**By order of the Trustees/Directors**
7
FAITH MINISTRIES UK CHURCHES **INDEPENDENT EXAMINER’S REPORT** FOR THE YEAR ENDED 31[st] AUGUST 2022
## Independent Examiner’s Report
I report on the accounts of the company for the year ended 31 August 2022, which are set out on pages 9 to 17.
## **Respective responsibilities of trustees and examiner**
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed. The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Chartered Institute of Management Accountants (CIMA).
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 43 of the 1993 Act;
- to follow the procedures laid down in the general Directions given by the Charity Commission under section 43(7)(b) of the 1993 Act; and
- to state whether particular matters have come to my attention.
## **Basis of 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 statement 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 of the Companies Act 2006; and
- to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 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.
## **Name:** Padmore Makumbe (ACMA)
**Address:** 83 Cairns Road, Beighton, Sheffield, S20 1AN, South Yorkshire, England.
**Date:** 30 May 2023
8
**STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT** FOR THE YEAR ENDED 31[st] AUGUST 2022
## FAITH MINISTRIES UK CHURCHES
## Statement of Financial Activities
|**Notes**
**Incoming resources:**
Donations and legacies
2
Charitable activities
3
Other trading income
Investment income (bank Interest)
**Total income**
**Resources expended:**
Charitable activities
4
Raising funds
**Total expenditure**
**Net movements in funds**
**Reconciliation of funds:**
Total funds brought forward 01 Sep. 2021
**Total funds carried forward 31 Aug. 2022**|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**_Total_**
**2022**
**_2021_**
**£**
**£**
**£**
_£_
248,799
23,928 272,726_196,797_
9,175
300
9,475
_24,597_
7,837
0
7,837
_4,892_
- --_-_|
|---|---|
||**265,810**
**24,228**
**290,038**
_226,286_|
||214,503
33,135 247,638_233,871_
-
-
-_-_|
||**214,503**
**33,135**
**247,638**
_233,871_|
||**51,307**
**(8,907)**
**42,400**
**_(7,585)_**
**60,745**
13,721
**74,465**
_82,050_|
||**112,052**
**4,813**
**116,865**
**_74,465_**|
The above statements include all gains and losses recognised during the year.
All activities relate to continuing operations.
Comparative figures for the previous year by fund type are shown in Note 10 (a), (b) and (c).
The notes on pages 11 to 17 form an integral part of these financial statements.
9
## FAITH MINISTRIES UK CHURCHES **BALANCE SHEET** AS AT 31[st] AUGUST 2022
## Balance Sheet
|**note**
**Fixed assets**
Leasehold Property
**8**
Tangible assets
**Current assets**
Stock
Debtors
**6**
Cash at bank and in hand
**Creditors:** Amounts falling due within 1 year
**7**
**Net current assets**
**Creditors:**falling due after more than 1 year
**7**
**Net assets**
**Funds**
**9**
Unrestricted funds
Restricted funds
**Total funds**|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**2022**
**_Total_**
**_2021_**
**£**
**£**
**£**
**_£_**
48,155
-
**48,155**
_48,155_
24,000
-
**24,000**
_-_
-
-
**-**
_82_
44,933
**44,933**
_24,400_
43,370
**(5,301)**
**38,069**
_40,693_|
|---|---|
||**88,303**
**(5,301)**
**83,002**
**_65,175_**
(23,727)
**-(23,727)**
_(8,865)_|
||64,576
(5,301)
**59,275**
_56,310_
(14,565)
-(14,565)
_(30,000)_|
||**122,166**
**(5,301)**
**116,865**
**_74,465_**|
||112,052
-
**112,052**
_60,745_
-
4,813
**4,813**
_13,721_|
||**112,052**
**4,813**
**116,865**
**_74,465_**|
The trustees consider that the company is entitled to exemption from the requirements to have an audit under the provisions of section 477 of the Companies Act 2006 (“the Act”) and the members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.
The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements were approved by the trustees on 30[th] of May **2023** and signed on their behalf by:
## M.Machumi
## _**Trustee**_
The notes on pages 11 to 17 form part of these financial statements.
10
FAITH MINISTRIES UK CHURCHES **NOTES TO THE FINANCIAL STATEMENTS** FOR THE YEAR ENDED 31[st] AUGUST 2022
## Notes to the Financial Statements
## **1. Accounting policies**
## _**1.1 Accounting convention**_
The accounts 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) (effective 1 January 2015) – (Charities SORP (FRS102)), and the Companies Act.2006.
Faith Ministries UK Churches meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction values unless otherwise stated in the relevant accounting policy.
## _**1.2 Reconciliation with previously Generally Accepted Accounting Practice**_
In preparing these accounts, the Trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items are required.
No restatements were required.
## _**1.3 Fund accounting**_
Funds held by the charity are either:
- Unrestricted general funds – these are funds which can be used in accordance with the charitable objects at the discretion of the trustees.
- Designated funds – these are funds set aside by the trustees out of unrestricted general funds for specific future purposes or projects.
## _**1.4 Income**_
All income is recognised once the company has entitlement to the income; it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
## _**1.5 Expenditure**_
Resources expended are recognised in the period in which they are incurred. It is probable that a transfer of economic benefits will be required in settlement and the amount of obligation can be measured reliably.
## _**1.6 Going concern**_
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
## _**1.7 Tangible fixed assets and depreciation**_
A limit of £100 has been set for the capitalisation of assets. Consideration is given to the anticipated length of asset life in applying this rule.
A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of financial activities incorporating income and expenditure account.
11
FAITH MINISTRIES UK CHURCHES **NOTES TO THE FINANCIAL STATEMENTS** - continued FOR THE YEAR ENDED 31[st] AUGUST 2022
Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their estimated useful lives on the following annual rates:
Fixtures and fittings - 5 years straight line Leasehold Land and buildings - 0% straight line Motor Vehicles – 5 years straight line
## _**1.8 Interest receivable**_
Interest on funds held in deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the Bank.
## _**1.9 Hire purchase and leasing commitments**_
Assets obtained under hire purchase contracts or leases whose term exceeds 12 months are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance or operating leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.
The interest element of these obligations is charged to the profit and loss over the relevant period whilst the capital element of the future payments is treated as a liability.
Rentals paid under operating leases whose term is less than 12 months are charged to profit and loss on a straightline basis over the period of the lease.
## _**1.10 Debtors**_
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## _**1.11 Cash at Bank and in hand**_
Cash at bank and in hand includes cash and short term highly liquid investments with a short-term maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## _**1.12 Liabilities and provisions**_
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advance payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation.
## _**1.13 Taxation**_
The company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
12
FAITH MINISTRIES UK CHURCHES **NOTES TO THE FINANCIAL STATEMENTS** - continued FOR THE YEAR ENDED 31[st] AUGUST 2022
## **2. Donations and legacies**
|Tithes and offerings to church
Missions and other funds
Gift aid
**Total**
**me from charitable activities**
Training courses and conferences
Use of building and facilities
Building Fund
**Total**|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**2022**
**_Total_**
**_2021_**
**£**
**£**
**£**
_£_
150,414
9,702
160,117
_157,811_
27,281
14,225
41,507
_18,351_
71,103
-
71,103
_20,635_
**248,799**
**23,928**
**272,726**
**_196,797_**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**2022**
**_Total_**
**_2021_**
**£**
**£**
**£**
**_£_**
9,090
-
9,090
_2,397_
85
-
85
_-_
-
300
300
_22,200_
**9,175 300**
**9,475**
**_24,597_**|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**2022**
**_Total_**
**_2021_**
**£**
**£**
**£**
_£_
150,414
9,702
160,117
_157,811_
27,281
14,225
41,507
_18,351_
71,103
-
71,103
_20,635_
**248,799**
**23,928**
**272,726**
**_196,797_**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**2022**
**_Total_**
**_2021_**
**£**
**£**
**£**
**_£_**
9,090
-
9,090
_2,397_
85
-
85
_-_
-
300
300
_22,200_
**9,175 300**
**9,475**
**_24,597_**|
|---|---|---|
||||
|||**9,175 300**
**9,475**
**_24,597_**|
## **3. Income from charitable activities**
13
FAITH MINISTRIES UK CHURCHES **NOTES TO THE FINANCIAL STATEMENTS** - continued FOR THE YEAR ENDED 31[st] AUGUST 2022
## **4. Expenditure on charitable activities**
|**Direct charitable costs**
**Note**
Courses and conferences
Ministry support
House of Hope support
Pastoral ministry
Staffing costs
**5**
**Church running expenses**
Governance: legal and finance costs
Insurance
Depreciation
**9**
Bank charges
Phone, mobile phones and IT
Postage, stationery and promotion
Equipment
Rent
Catering
**Centre expenses**
Utilities: gas, electricity and water
Renovations, repairs and maintenance
Cleaning and janitorial
Council tax and health & safety
**Total**|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**2022**
**_Total_**
**_2021_**
**£**
**£**
**£**
_£_
5,828
0
**5,828**
_60_
52,824
18,378
**71,202**
_88,003_
600
11,285
**11,885**
_11,000_
10,577
0
**10,577**
_2,213_
108,595
0
**108,595**
_98,705_
1,037
0
**1,037**
_1,423_
2,741
0
**2,741**
_2,389_
0
0
**0**
_0_
332
0
**332**
_93_
10,824
0
**10,824**
_10,567_
364
0
**364**
_2,363_
3,043
0
**3,043**
_0_
5,728
3,472
**9,200**
_5,016_
1,606
0
**1,606**
_0_
5,155
0
**5,155**
_4,307_
9,722
0
**9,722**
_6,193_
1,179
0
**1,179**
_205_
1,348
0
**1,348**
_1,334_|
|---|---|
||**221,503**
**33,135**
**254,638**
_233,871_|
14
FAITH MINISTRIES UK CHURCHES **NOTES TO THE FINANCIAL STATEMENTS** - continued FOR THE YEAR ENDED 31[st] AUGUST 2022
## **5. Staffing costs**
Staffing costs were as follows;
|Gross wages and salaries
Social security costs
Pension costs|**Total**
**2022**
_Total_
_2021_
**£**
_£_
88,367
_79,425_
9,220
_8,282_
11,007
_10,998_|
|---|---|
||**108,595**
**_98,705_**|
During this current financial year, no staff received remuneration of more than £60, 000 (2020 - £ NiI).
One trustee received an allowance totalling £ 2,400 in the year (2021 – £1,000). There were no other transactions in respect of trustees, persons closely connected with them or other related parties which require disclosure.
The average number of staff during the year was 3 (2021 – 3).
## **6. Debtors & Prepayments**
|Other Debtors
**reditors and Accruals**
Trade creditors(liabilities falling due within one year)
Funds Held In Trust
*Long-term creditors(liabilities falling due after more than one year)||**Total**
**2022**
**_Total_**
**_2021_**
**£**
_£_
44,933
_24,400_
**44,933**
**_24,400_**
**Total**
**2022**
**_Total_**
**_2021_**
**£**
_£_
18,183
_3,322_
5,543
_5,543_|
|---|---|---|
||||
||||
|||**23,727**
**_8,865_**
14,565
_30,000_|
|||**38,292**
**_38,865_**|
## **7. Creditors and Accruals**
*This amount is the outstanding balance of motor vehicle finance loan and the 2021 balance part of a loan extended by Salt and Light Ministries UK to FMUK to facilitate the ministerial re-organisation of the London congregation to facilitate its growth and influence.
15
FAITH MINISTRIES UK CHURCHES **NOTES TO THE FINANCIAL STATEMENTS** - continued FOR THE YEAR ENDED 31[st] AUGUST 2022
## **8. Tangible Fixed Assets**
|**Cost**
At the beginning of the year
Additions
Revaluations
Disposals
Transfers
At end of the year
**Depreciation**
At the beginning of the year
Charge for the year
Revaluations
Disposals
Transfers
At end of the year
Net Book Value at 31 Aug 2022
Net Book Value at 31 Aug 2021|**Leasehold**
**land &**
**buildings**
**£**|**Other land &**
**buildings**
**£**|**Plant,**
**machinery and**
**motor vehicles**
**£**|**Fixtures,**
**fittings and**
**equipment**
**£**|**Total**
**£**|
|---|---|---|---|---|---|
||56,165|0|0|7,839|64,004|
||**-**|**-**|
24,000|**-**|
24,000|
||**-**|**-**|
**-**|
**-**|
**0**|
||**-**|**-**|
**-**|
**-**|
**0**|
||**-**|**-**|
**-**|
**-**|
**0**|
||**56,165**|**0**|**24,000**|7,839|**88,004**|
|||||||
||8,010|**0**|**0**|**7,839**|15,849|
||-|**-**|
**-**|**-**|
**0**|
||**-**|**-**|
**-**|
**-**|
**0**|
||**-**|**-**|
**-**|
**-**|
**0**|
||**-**|**-**|
**-**|
**-**|
**0**|
||**8,010**|**0**|**0**|**7,839**|**15,849**|
||**48,155**|**0**|**24,000**|**0**|**72,155**|
||**48,155**|**0**|**0**|**0**|**48,155**|
## **9. Funds**
## **a. Restricted funds**
The restricted funds represent amounts received for specific purposes and the movements in the period are as follows:
||**Opening**
**Bal. as at**
**31.8.21**|**Incoming**
**Resources**|**Outgoing**
**Resources**|**Transfers**||**Closing**
**Bal. as at**
**31.8.22**|
|---|---|---|---|---|---|---|
||£|£|£|£||£|
|House of hope fundraising dinner|(16,135)|1,937|(11,285)|-||(25,483)|
|Car park project (for youth)|462|-|0|-||462|
|Bishop Mission Fund|10,776|10,925|(5,406)|-||16,295|
|African Children's Choir|1,829|-|0|-||1,829|
|Manchester Church Plant|4,184|9,702|(2,419)|-||11,468|
|Vienna Church Plant|2,503|1,363|(14,024)|||(10,158)|
|Christmas Ball|286|-|0|||286|
|Building Fund||300|||||
|**Total**|**3,906**|**24,228**|**(33,135)**||**0**|
**(5,301)**|
16
FAITH MINISTRIES UK CHURCHES **NOTES TO THE FINANCIAL STATEMENTS** - continued FOR THE YEAR ENDED 31[st] AUGUST 2022
The following funds have been created/maintained due to income grant monies that have been provided to Faith Ministries UK Churches for a specific purpose:
- House of Hope Fundraising Dinner: This is a fundraising event organised to raise funds for the House of Hope ministry focused on supporting the local community with emergency food and other practical needs.
- Car Park Project: This is a fund raised from the church car park once a year. The money raised from festival attenders in the nearby Park is set aside to support the youth ministry active in the city of Sheffield and beyond.
- Vienna Church Plant: These are donations from individuals given to Vienna Lighthouse Church in Austria that was planted in 2020 by Faith Ministries UK Churches.
- Manchester Church Plant: These are funds connected to Transformation Life Church in Manchester.
## **b. Unrestricted Funds**
|General fund
**Total**|**Opening**
**Bal. as at**
**31.8.21**
**Incoming**
**Resources**
**Outgoing**
**Resources**
**Transfers**
**Closing**
**Bal. as**
**at**
**31.8.22**
£
£
£
£
£
60,745
265,810
(214,503)
-
112,052|
|---|---|
||**60,745**
**265,810**
**(214,503)**
**0**
**112,052**|
- **c. Analysis of net assets between funds**
|Restricted funds
General funds
**Total**|**Fixed**
**assets**
**Bank &**
**cash**
**balances**
**Other net**
**assets**
**Total**
**£**
**£**
**£**
**£**
(5,301)
10,114
4,813
48,155
43,370
20,527
112,052|
|---|---|
||**48,155**
**38,069**
**30,642**
**116,865**|
## **10. Benefits In Kind**
Faith Ministries UK Churches receives volunteers' time free of charge. This item has not been given a monetary value.
17
LEFT BLANK
18