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2025-08-31-accounts

Registered number 5247714 Charity number 1106723

FAITH MINISTRIES UK CHURCHES

The Annual Report and Financial Statements For the Year Ended 31 August 2025

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 2025

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 2025.

Legal and Administration Details

Full name

FAITH MINISTRIES UK CHURCHES

Also known as

FMUK

Registered charity number 1106723

Trustees

The Trustees during the year were as follows:

Justin B. Phiri John Maroa 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.

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FAITH MINISTRIES UK CHURCHES TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31[st] AUGUST 2025

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 Trustee’s 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:

Structure and Governance

On 20[th] July 2023 the Company Limited by Guarantee was converted to a Charitable Incorporated Organisation. Our charity number remain the same. 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 current trustees appointed in accordance with charity law and under the charity’s Constitution. New trustees undergo an induction process and are made aware of their duties and responsibilities as trustees.

Faith Ministries UK Churches is now made up of four local churches in the UK and one in Europe. The churches in the UK are in London, Sheffield, Manchester, Rotherham and Nootingham. FMUK has also one congregation in Vienna, Austria. Each local church is led 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

“Advancing the Kingdom of God.”

FMUK is committed to reach people from various cultures and backgrounds and transform them into devoted followers of Jesus Christ. The overarching theme for our church remained the same as the previous year: “Advancing the Kingdom of God.” The teaching emphasis and preaching focus, along with the ministry activities undertaken, centred on Christians engaging in society wherever their calling in life leads them, whether as politicians, shopkeepers, teachers, nurses, doctors, police officers, train drivers, accountants, in charitable institutions, or as neighbours, school governors, and so on. The possibilities are truly far reaching.

As a ministry, our emphasis is to make disciples who become disciple makers themselves. We are committed to creating a church environment that fosters this growth and reproduction. This commitment extends to all our ministries, including Sunday celebrations, Children’s church, youth and young adults’ ministries, missional life communities, and the pulpit ministry. Each ministry is actively working to align activities, sessions, programs, preaching, and teaching with this church theme in its specific context.

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FAITH MINISTRIES UK CHURCHES TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31[st] AUGUST 2025

Achievements and Performance

The ministry impacted lives of people in many ways this year and the teachings were helpful in preparing congregants to be effective in their spheres of influence. The welfare arm of the church experienced a significant increase of people from different cultures and backgrounds in the community needing practical support for their families and emotional and spiritual support in their marriages, parenting and their walk with God.

Worship and Prayer

FMUK expanded its worship services during the week and weekends in London, Sheffield, Rotherham, Manchester and Nottingham offering both in-person and online gatherings mainly for prayer. The community found these services to be both practically beneficial and spiritually enriching. Wednesdays, Thursdays, and Fridays (Sheffield) are typically designated for prayer and provide opportunities for individuals to engage in solitary prayer and corporate prayer with others. Notably, Sheffield, Nottingham, Vienna and Rotherham held special guest services during Easter time and Christmas Eve, which were well-received by community members.

Young People

The Young Adults ministry successfully engaged with young individuals residing within the city of Sheffield and beyond through a diverse range of youth events, online platforms, and community-oriented social initiatives. Notably, the young people actively hosted the annual Youth Camp for the second consecutive year in person at a retreat centre situated in the Lichfield area. This event garnered a substantial attendance of young people from various regions across the country, and its popularity continues to expand.

Conferences

In July, the FMUK’s annual Faith Conference was held in person at Sheffield Christian Centre. Delegates were refreshed in their spiritual walk with God and strengthened in their faith. We welcomed community members to explore the Christian faith. As a community-focused event, our church doesn’t charge entry fees to guests exploring the Christian faith. The Conference is funded mainly by voluntary donations. The women’s ministry also hosted a successful Conference for FMUK Women in Sheffield.

Pastoral Care

This year, we really put our focus on taking care of the members and people in our communities. We did lots of events and activities to reach out to them. Our church offers confidential Christian counselling to many individuals, married couples and families. We helped them with all sorts of things, like financial problems, parenting challenges, school issues, grief, health concerns, and even marital problems.

Relationships with other Churches

FMUK Churches is an affiliate of Salt and Light Ministries, an international network comprising over 800 churches worldwide. At the national level, FMUK is a member of the Evangelical Alliance of the United Kingdom (EAUK). Locally, we are integrated into church communities and local agencies in various cities.

Other churches in the city have access to our water baptism facilities. We maintain strong working relationships with other churches and ministers from diverse denominational backgrounds. Furthermore, FMUK has provided support to other ministries and missions globally in places such as India, Sri Lanka, and Zimbabwe.

Mission and Evangelism

FMUK maintained its partnership with other charities that serve the disadvantaged sections of society, including ASSIST Sheffield, which endeavours to combat the destitution faced by asylum seekers. We provided practical support to asylum seekers through ASSIST Sheffield. We also gave Christmas presents to children at the Royal Bolton Hospital in Greater Manchester.

5

FAITH MINISTRIES UK CHURCHES TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31[st] AUGUST 2025

Future Plans

The Board is conserving taking on board new trustees so as to strengthen the Charity in terms charity resources and safeguarding oversight. The trustees are currently considering providing more space for people attending especially children’s church as the number of children coming to church is increasing rapidly and we are running out of adequate space for their classes. The trustees and elders would like to invest more resources in young people’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 increased to £331,364 (2024: £281,443). Total expenditure on charitable activities together with governance costs increased to £265,266 (2024: £345,793). Net surplus for the year was £48,098 (2024: £64,350) resulting in a total fund balance at the year-end of £85,778 (2024: £37,680).

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.

Volunteers

We extend our sincere gratitude to the over a hundred volunteers who diligently contribute to creating a welcoming and vibrant community within our church. This community is replete with faith and love. In particular, we would like to acknowledge the efforts of our pastors, elders, leaders, and ministry teams, including those responsible for ushering, hospitality, administration, catering, counselling, media, missional life communities, and life transformation groups.

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 2025

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:

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: 30/06/2026

Name: Michael Machumi Trustee

Signed J. Phiri

Date: 30/06/2026

Name: Justin Phiri Trustee

By order of the Trustees

7

FAITH MINISTRIES UK CHURCHES INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 31[st] AUGUST 2025

Independent Examiner’s Report

I report on the accounts of the company for the year ended 31 August 2025, 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:

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:

(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 June 2026

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STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31[st] AUGUST 2025

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
5
Interest paid
Total expenditure
Net movements in funds before transfers
Transfer between funds
Net movements in funds after transfers
Reconciliation of funds:
Total funds brought forward 01 Sep. 2024
Total funds carried forward 31 Aug. 2025		 Unrestricted
Funds
Restricted
Funds
Total
Total
2025
2024
£
£
£
£
274,404
15,404
289,809
257,401
20,493
150
20,643
23,062
2,871
2,871
938
41 - 41_43_
297,810
15,554
313,364
281,443
257,426
6,200
263,626
341,484

1,947
1,640
1,640
2,363
259,066
6,200
265,266
345,793
38,744
9,354
48,098
(64,350)
38,744
9,354
48,098
(64,350)
(989)
38,669
37,680
102,030
37,755
48,024
85,778
37,680

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 2025

Balance Sheet

alance Sheet
note Unrestricted
Funds		 Restricted
Funds		 Total
2025		 Total
2024
Fixed assets £ £ £ £
Leasehold Property 9 48,155 - 48,155 48,155
Tangible assets 9,875 - 9,875 14,949
Current assets
Stock -
-		 - -
Debtors 7 2,756 - 2,756 -
Cash at bank and in hand 11,190 38,209 49,399 18,708
13,946 38,209 52,155 18,708
Creditors: Amounts falling due within 1 year 8 (18,104) - (18,104) (25,941)
Net current assets (4,158) 38,209 34,052 (7,233)
Creditors:falling due after more than 1 year 8 (6,303) - (6,303) (18,191)
Net assets 47,569 38,209 85,778 37,680
Funds
Unrestricted funds 10 (989) - 37,755 (989)
Restricted funds 10 -
48,024		 48,024 38,669
Total funds 37,755 48,024 85,778 37,680

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 June 2026 and signed on their behalf by:

Signed M. Machumi Date: 30/06/2026

Name: Michael Machumi

Trustee

Signed J. Phiri Date: 30/06/2026 Name: Justin Phiri

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 2025

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:

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 2025

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 2025

2. Donations and legacies

Tithes and offerings to church
Missions and other funds
Gift aid/grants
Total
me from charitable activities
Training courses and conferences
Use of building and facilities
Building Fund
Christmas Ball donations
Total		 Unrestricted
Funds
Restricted
Funds
Total
2025
Total
2024
£
£
£
£
196,570
196,570
170,088
30,796
15,404
46,200
44,129
47,039
47,039
43,184
274,404
15,404
289,809
257,401
Unrestricted
Funds
Restricted
Funds
Total
2025
Total
2024
£
£
£
£
16,611
-
16,611
15,455
3,882
150
4,032_5,661_
-
1,946
20,493
150
20,643
23,062		 Unrestricted
Funds
Restricted
Funds
Total
2025
Total
2024
£
£
£
£
196,570
196,570
170,088
30,796
15,404
46,200
44,129
47,039
47,039
43,184
274,404
15,404
289,809
257,401
Unrestricted
Funds
Restricted
Funds
Total
2025
Total
2024
£
£
£
£
16,611
-
16,611
15,455
3,882
150
4,032_5,661_
-
1,946
20,493
150
20,643
23,062
20,493
150
20,643
23,062

3. Income from charitable activities

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FAITH MINISTRIES UK CHURCHES NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31[st] AUGUST 2025

4. Expenditure on charitable activities

Direct charitable costs
Note
Courses and conferences
Ministry support
House of hope support
Pastoral ministry
Staffing costs
6
Church running expenses
Governance: legal and finance costs
Insurance
Depreciation
9
Bank charges
Phone, mobile phones and IT
Postage, stationery and promotion
Subscriptions
Motor vehicle expenses
Rent
Catering
Other operating expenses
Centre expenses
Utilities: gas, electricity and water
Renovations, repairs and maintenance
Cleaning and janitorial services
Council tax and health & safety
Total		 Unrestricted
Funds
Restricted
Funds
Total
2025
Total
2024
£
£
£
£
14,996
0
14,996
17,850
24,820
24,820
89,152
1,140
5,460
6,600
12,138
16,914
740
17,654
17,325
108,221
108,221
122,137
6,656
0
6,656
802
3,017
0
3,017
2,962
5,075
0
5,075
595
0
595
674
6,404
0
6,404
14,387
2,323
0
2,323
2,953
8,527
0
8,527
8,864
1,445
1,445
1,351
32,774
32,774
14,191
1,800
0
1,800
4,214
5,873
5,873
5,551
10,958
0
10,958
7,653
3,193
0
3,193
11,906
641
0
641
727
2,054
0
2,054
1,572
257,426
6,200
263,626
336,409

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FAITH MINISTRIES UK CHURCHES NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31[st] AUGUST 2025

5. Fundraising costs

Fundraising costs
Unrestricted Funds Restricted Funds Total 2025 Total 2024
£ £ £ £
Christmas Ball - 1,947
Total - 1,947

6. Staffing costs

Staffing costs were as follows;

Gross wages and salaries
Social security costs
Pension costs		 Total
2025
Total
2024
£
£
87,003
99,529
8,697
9,949
12,521
12,658
108,221
122,137

During this current financial year, no staff received remuneration of more than £60, 000 (2022 - £ NiI). One trustee received an allowance totalling £ nil in the year (2024 – £0). 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 (2024 – 3).

7. 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
2025
Total
2024
£
£
2,756
-
2,756
-
Total
2025
Total
2024
£
£
18,104
25,941
-
-
18,104
25,941
6,303
18,191
24,407
44,132

8. Creditors and Accruals

*This amount is the outstanding balance 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.

*This amount also includes the non-recurrent outstanding balance of motor vehicle (church mini-bus) finance loan.

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FAITH MINISTRIES UK CHURCHES NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31[st] AUGUST 2025

9. 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 2025
Net Book Value at 31 Aug 2024		 Leasehold
land &
buildings
£		 Other land &
buildings
£		 Plant,
machinery and
motor vehicles
£		 Fixtures,
fittings and
equipment
£		 Total
£
56,165 0 24,000 8,938 89,103
-
-
-		 -
0
-
-
-
-
0
-
-
-
-
0
-
-
-
-
0
56,165 0 24,000 8,938 89,103
8,010 0 9,600 8,389 25,999
-
-
4,800		 275
5,075
-
-
-
-
0
-
-
-
-
0
-
-
-
-
0
8,010 0 14,400 8,663 31,073
48,155 0 9,600 275 58,030
48,155 0 14,400 549 63,104

10. 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
31.8.24		 Incoming
Resources		 Outgoing
Resources		 Transfers Closing
Bal. as at
31.8.25
£ £ £ £
£
House of hope fundraising dinner 240 5,460 5,220
Car park project (for youth) 558 150 -
708
Bishop Mission Fund 18,662
10,916		 - 29,578
Christmas Ball 286 286
Building Fund 8,200 3,719 11,919
My Chair Appeal 19 19
Timothys Leadership Programme 1,130 500 740 890
Kingdom Klub donations 30 30
Total 28,855 15,554
(6,200)		 38,209

16

FAITH MINISTRIES UK CHURCHES NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31[st] AUGUST 2025

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:

b. Unrestricted Funds

General fund
Total		 Opening
Bal. as at
31.8.24
Incoming
Resources
Outgoing
Resources
Transfers
Closing
Bal. as
at
31.8.25
£
£
£
£
£
(989)
297,810
(259,066)
37,755
(989)
297,810
(259,066)
37,755
Restricted funds
General funds
Total		 Fixed
assets
Bank &
cash
balances
Other net
assets
Total
£
£
£
£
(38,209)
9,814
48,024
58,030
(11,190)
(31,464)
37,755
58,030
49,399
(21,650)
85,778

11. Benefits In Kind

Faith Ministries UK Churches receives volunteers' time free of charge. This item has not been given a monetary value.

17

LE￿ BLANK 18