# **Faith Temple Ministries (Faith Community Church) Charity: 1111208** **Trustees Report and Accounts For the year ended 31 December 2020** **Faith Temple Ministries Trustees Report and Financial Statements Year ending December 31st. 2020** ## **Contents** |**Contents**|| |---|---| |Statutory Informa�on|**Page**
3| |Trustees Report|4| |Independent Examiners Report|6| |Statement of Financial Accounts|7| |Balance Sheet|8| |Notes to the fnancial statements|9 - 14| Faith Temple Ministries Charity Registration No: 1111208 Page 2 **Faith Temple Ministries Trustees Report and Financial Statements Year ending December 31st. 2020** ## **Statutory Informa�on** Faith Temple Ministries (opera�ng as Faith Community Church) is a Charity registered with the Charity Commission of England and Wales - Registra�on No: Faith Community Church operates as one Church with congrega�ons mee�ng in Bedford and Cambridge ||| |---|---| |**Registered Address**
13 Bridle Drive
Clapham, Bedford, MK41 6BB|| |**Charity Registra�on Number:** 1111208|| |**Responsible Persons**|| |Mr Daniel Brown|Senior Pastor and Leader| |Mrs Ivylyn Mullings|Pastor Cambridge Congrega�on| |Mrs Melvena Henry|Administra�on Bedford| |**Trustees**|| |Mr Daniel Brown|Chair| |Mr Caron Stephen|| |Darren Russell|| |Judyta Tyda|| |Kasita Mcloed|| |**Advisors**|| |Bishop J Francis|Spiritual| |Mr Glen Ferguson|Business| |Mr Dan Chesney|Pastoral| |Glynne Rowland|Educa�onal| **Independent Examiner** Mervyn Thomas ## **Bankers** NatWest, Bedford HSBC, Cambridge Faith Temple Ministries Charity Registration No: 1111208 Page 3 **Faith Temple Ministries Trustees Report and Financial Statements Year ending December 31st. 2020** ## **Annual Report for 2020** The Trustees present their Annual Report and financial statements for the Year ended 31 December 2020 ## **Charitable Object** The objects of the trust is to advance the Chris�an faith in Bedford and such other parts of the United Kingdom or the world as the trustees may from �me to �me think fit and to fulfil such other purposes which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of the trust and to relieve persons who are in condi�ons of need or hardship or who are aged or sick and to relieve the distress caused thereby in the said loca�on and in such other parts of the united Kingdom or the world as the trustees may from �me to �me think fit. ## **Organisa�onal Structure and Decision-making processes** The responsible persons meet together as a Church Leadership Team to manage the Church as a whole. Each Congrega�on, in addi�on, has it’s congrega�onal Leadership team to manage local mee�ngs and ministry. The Trustees meet on at least 3 occasions in the year to consider Trust ma�ers - mainly finance and the building project. The Church has policies covering Children, Vulnerable Adults, Health and Safety, Financial Reserves, Conflicts of Interest and Data Protec�on. ## **Public Benefit Statement** The Church provides opportuni�es for Chris�an worship on a weekly basis to which all members of the public are welcome. In addi�on, a number of ac�vi�es for people of all ages are offered that are again open to the public and provide opportuni�es for the building of rela�onships and instruc�on in the essen�als of the Chris�an faith. The church has been involved in suppor�ng the homeless and other dis-advantaged groups through food supplies, children ac�vi�es, which range from moral to sport and art development. House and hospital visits that aim to support families and individuals as well as suppor�ng other organisa�ons that are involved in na�onal and interna�onal aid support Membership of the Church is open to all who profess Jesus Christ as Lord and Saviour and the principle of Believers’ Bap�sm by immersion is promoted among the membership and is con�nued by regular discipleship training that corresponds with St Ma�hew 28:19-20. The Trustees have read the Charity Commission guidance on public benefit, and are sa�sfied that the ac�vi�es outlined above clearly demonstrate that the charity is mee�ng its Purpose and is providing a benefit to the public. ## **Achievements in the year** Church mee�ngs were largely suspended in the earlier part of the year and we commenced mee�ng by Zoom which has enabled the Church to survive. This has enabled con�nuity although with restricted opportunity to bless the communi�es where we operate. ## **Volunteers** The above ac�vi�es are largely led and staffed by volunteers, and the church would be unable to func�on without their commitment and o�en sacrificial giving of �me. Faith Temple Ministries Charity Registration No: 1111208 Page 4 **Faith Temple Ministries Trustees Report and Financial Statements Year ending December 31st. 2020** ## **Financial Review** During 2020 the Church received an income of £33,509 which was significantly reduced from the previous year (2019 £58,811) the drop being due to not mee�ng due to Covid restric�ons. However in the the year expenditures were also reduced to £25,404 ( £30,301 2019) through a reduc�on in occupancy costs and the Pastors’ remunera�on which had been set in late 2019. Consequently we achieved a net increase in our general fund of £1572. No building work was done in this lockdown year and as a result our Building Fund increased in value by £6,533. At year end we have net current assets of £103,429 towards future expenditure including the building comple�on. We are currently nego�a�ng a building contract for the comple�on of our building in Bedford to make it habitable and func�onal for Sunday Mee�ngs. Approved by the Trustees and signed on their behalf. Danie� Brow� 15 February 2020 Faith Temple Ministries Charity Registration No: 1111208 Page 5 **Faith Temple Ministries Trustees Report and Financial Statements Year ending December 31st. 2020** ## **Independent Examiners Report to the trustees and members of Faith Temple Ministries** on the accounts for the year to **31[st ] . December 2020** as set out on pages 7 – 14 in this document ## **Respec�ve responsibili�es of trustees and examiner** The charity's trustees are responsible for the prepara�on of the accounts. The charity’s trustees consider that an audit is not required for this year under sec�on 144 of the Chari�es Act 2011 (the Chari�es Act) and that an independent examina�on is needed ## **Independent examiner's statement** It is my responsibility to: - examine the accounts under sec�on 145 of the Chari�es Act, - to follow the procedures laid down in the general Direc�ons given by the Charity Commission (under sec�on 145(5)(b) of the Chari�es Act, and to state whether par�cular ma�ers have come to my a�en�on. - My examina�on was carried out in accordance with general Direc�ons given by the Charity Commission. An examina�on includes a review of the accoun�ng records kept by the charity and a comparison of the accounts presented with those records. It also includes considera�on of any unusual items or disclosures in the accounts, and seeking explana�ons from the trustees concerning any such ma�ers. 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 ma�ers set out in the statement below. In connec�on with my examina�on, no ma�er has come to my a�en�on which gives me reasonable cause to believe that in, any material respect, the requirements: - 1) to keep accoun�ng records in accordance with sec�on 130 of the Chari�es Act; and - to prepare accounts which accord with the accoun�ng records and comply with the accoun�ng requirements of the Chari�es Act have not been met; or - 2) to which, in my opinion, a�en�on should be drawn in order to enable a proper understanding of the accounts to be reached. Signed: Mervyn Thomas 128 Putnoe Lane Bedford MK41 8LS Dated: 12/02/2020 Faith Temple Ministries Charity Registration No: 1111208 Page 6 **Faith Temple Ministries Trustees Report and Financial Statements Year ending December 31st. 2020** ## **STATEMENT OF FINANCIAL ACTIVITIES** |**ACTIVITIES**||||||| |---|---|---|---|---|---|---| ||||||**Total**|**Total**| |**Notes**
**Unrestricted**|||**Restricted**|**Endowment**|**Funds**|**Funds**| |**Funds**|||**Fund**|**Funds**|**2020**|**2019**| |**£**|||**£**|**£**|**£**|**£**| |**Incoming Resources**
3||||||| |Voluntary Income
26,729|||8,673|-|35,402|49,494| |Income from Investments
686|||-|-|686|9,317| |**Total Incoming Resources**
**27,415**|||**8,673**|**-**|**36,088**|**58,811**| |||||||| |**Resources Expended**
4||||||| |Charitable activities
23,264|||2,140|-|25,404|45,810| |**Total Resources Expended**
**23,264**|||**2,140**|**-**|**25,404**|**45,810**| |||||||| |Net income/(expenditure)
**4,151**|||**6,533**|**-**|**10,684**|**13,001**| |Transfers between funds
-||||||| |Net movement in funds
**4,151**|||**6,533**|**-**|**10,684**|**13,001**| |||||||| |Reconciliation of funds:||||||| |Total funds brought forward
12,024|||82,550|71,866|**166,440**|153,439| |Total funds carried forward
**16,175**|||**89,083**|**71,866**|**177,124**|**166,440**| Faith Temple Ministries Charity Registration No: 1111208 Page 7 **Faith Temple Ministries Trustees Report and Financial Statements Year ending December 31st. 2020** ## **BALANCE SHEET** **At 31st December 2020** |**At 31st December 2020**|||||||| |---|---|---|---|---|---|---|---| ||**Notes**
**Unrestricted**|||**Restricted**|**Endowment**||| |||**funds**||**funds**|**funds**|**2020**|**2019**| |**£**||||**£**|**£**|**£**|**£**| |**Fixed assets**
5|||||||| |Tangible assets
-||||-|71,866|71,866|71,866| |**Total fixed assets**
**-**||||**-**|**71,866**|**71,866**|**71,866**| |**Current assets**|||||||| |Debtors
6
1,857||||-|-|1,857|4,218| |Investments
-||||14,962|-|14,962|14,310| |Cash at bank and in hand
15,068||||74,121|-|89,189|76,796| |**Total current assets**
**16,925**||||**89,083**|**-**|**106,008**|**95,324**| ||||||||| |**Liabilities**
7
(750)||||-|-|(750)|(750)| ||||||||| |**Total net assets**
**16,175**||||**89,083**|**71,866**|**177,124**|**166,440**| |**Charity Funds**
8|||||||| |Endowment funds|71,866|||||71,866|71,866| |Restricted income funds
89,083|||||
89,083||82,550| |Unrestricted funds
16,175
16,175|||||||12,024| |**Total funds**
**16,175**||||**89,083**|**71,866**|**177,124**|**166,440**| Approved by the Trustees and signed on their behalf. Danie� Brow� 15 February 2020 Faith Temple Ministries Charity Registration No: 1111208 Page 8 **Faith Temple Ministries Trustees Report and Financial Statements Year ending December 31st. 2019 Notes to the accounts** ## **NOTES TO THE ACCOUNTS** ## **1 BASIS OF PREPARATION** - **1.1 Basis of accoun�ng** These accounts have been prepared under the historical cost conven�on with items recognised at cost or transac�on value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with: - the Statement of Recommended Prac�ce: Accoun�ng and Repor�ng by Chari�es preparing their accounts in accordance with the Financial Repor�ng Standard applicable - and with the Financial Repor�ng Standard applicable in the United Kingdom and Republic of Ireland (FRS 102). - and with the Chari�es Act 2011. The charity cons�tutes a public benefit en�ty as defined by FRS 102. - **1.2 Going concern** The Charity is a going concern. Income genera�on through members’ dona�ons is maintaining adequate reserves. ## **1.3 Change of accoun�ng policy** The accounts present a true and fair view and the accoun�ng policies adopted are those outlined in note 2. - **1.4 Changes to accoun�ng es�mates** No changes to accoun�ng es�mates have occurred in the repor�ng period (3.46 FRS 102 SORP). ## **2 ACCOUNTING POLICIES** ## **2.1 Income** ## **Recogni�on of income** These are included in the Statement of Financial Ac�vi�es (SoFA) when: - the charity becomes en�tled to the resources; - it is more likely than not that the Trustees will receive the resources; and - the monetary value can be measured with sufficient reliability. ## **Offse�ng** There has been no offse�ng of assets and liabili�es, or income and expenses, unless required or permi�ed by the FRS 102 SORP or FRS 102. ## **Grants and dona�ons** Grants and dona�ons are only included in the SoFA when the general income recogni�on criteria are met (5.10 to 5.12 FRS 102 SORP). There are no performance related grants. ## **Legacies** Legacies are included in the SoFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any condi�ons a�ached to the legacy are either within the control of the charity or have been met. Faith Temple Ministries Charity Registration No: 1111208 Page 9 **Faith Temple Ministries Trustees Report and Financial Statements Year ending December 31st. 2019 Notes to the accounts** ## **Government grants** The charity has not received any government grants in the repor�ng period. ## **Tax reclaims on dona�ons and gi�s** Gi� Aid receivable is included in income when there is a valid declara�on from the donor. Any Gi� Aid amount recovered on a dona�on is considered to be part of that gi� and is treated as an addi�on to the same fund as the ini�al dona�on unless the donor or the terms of the appeal have specified otherwise. ## **Contractual income and performance related grants** This is only included in the SoFA once the charity has provided the related goods or services or met the performance related condi�ons. ## **Donated goods** The charity has not received any goods in the repor�ng period considered to be of material value. No donated goods have been monetarised. ## **Donated services and facili�es** Donated services and facili�es are included in the SoFA when received at the value of the gi� to the charity provided the value of the gi� can be measured reliably. Donated services and facili�es that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SoFA. ## **Support costs** The charity has not incurred expenditure on support costs. ## **Volunteer help** The value of any voluntary help received is not included in the accounts but is described in the Trustees’ annual report. ## **Income from interest, royal�es and dividends** This is included in the accounts when receipt is probable and the amount receivable can be measured reliably. ## **Income from membership subscrip�ons** No membership subscrip�ons are charged. ## **Se�lement of insurance claims** Insurance claims are only included in the SoFA when the general income recogni�on criteria are met (5.10 to 5.12 FRS 102 SORP) and are included as an item of other income in the SoFA. ## **Investment gains and losses** Investment gains or losses in the year are recognised in the SoFA Faith Temple Ministries Charity Registration No: 1111208 Page 10 **Faith Temple Ministries Trustees Report and Financial Statements Year ending December 31st. 2019 Notes to the accounts** ## **2.2 Expenditure and liabili�es** ## **Liability recogni�on** Liabili�es are recognised where it is more likely than not that there is a legal or construc�ve obliga�on commi�ng the charity to pay out resources and the amount of the obliga�on can be measured with reasonable certainty. ## **Redundancy cost** The charity made no redundancy payments during the repor�ng period. ## **Deferred income** No material item of deferred income has been included in the accounts. ## **Creditors** The charity has creditors which are measured at se�lement amounts less any trade discounts ## **Provisions for liabili�es** A liability is measured on recogni�on at its historical cost and then subsequently measured at the best es�mate of the amount required to se�le the obliga�on at the repor�ng date ## **Basic financial instruments** The charity accounts for basic financial instruments on ini�al recogni�on as per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP. ## **2.3 ASSETS** **Tangible fixed assets for use by charit** y These are capitalised if they can be used for more than one year, and cost at least £10,000 They are valued at cost except land and buildings which are shown at the values at 31 December 2016. The deprecia�on rates and methods used are below: Furniture and fi�ngs 10% straight line Computers and equipment 33% straight line Buildings 0% straight line **Intangible fixed assets** The charity does not have intangible fixed assets, that is, non-monetary assets that do not have physical substance but are iden�fiable and are controlled by the charity through custody or legal rights ## **Investments** Fixed asset investments in quoted shares, traded bonds and similar investments are ini�ally valued at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment. Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than 1 year are treated as current asset investments Faith Temple Ministries Charity Registration No: 1111208 Page 11 **Faith Temple Ministries Trustees Report and Financial Statements Year ending December 31st. 2019 Notes to the accounts** ## **Debtors** Debtors (including trade debtors and loans receivable) are measured on ini�al recogni�on at se�lement amount a�er any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other considera�on expected to be received. ## **Current asset investments** The charity has investments which it holds for resale or pending their sale and cash and cash equivalents with a maturity date less than one year. These include cash on deposit and cash equivalents with a maturity date of less than one year held for investment purposes rather than to meet short term cash commitments as they fall due. They are valued at fair value except where they qualify as basic financial instruments. ## **3 ANALYSIS OF INCOME** |**3 ANALYSIS OF INCOME**|**3 ANALYSIS OF INCOME**||||| |---|---|---|---|---|---| |**Unrestricted**||**Restricted**|**Endowment**|**Total Funds**|**Total Funds**| |**Funds**||**Funds**|**Fund**|**2020**|**2019**| |**Voluntary Income**
**£**||**£**|**£**|**£**|**£**| |Donations
23,091||8,673|-|31,764|42,714| |Gift Aid
3,638||-|-|3,638|6,780| |**Total Voluntary Income**
**26,729**||**8,673**|**-**|**35,402**|**49,494**| |**Income from Investments**|||||| |Interest
35||**-**|-|35|86| |Julien Investments
651||**-**|**-**|651|9231| |**Total Income from**|||||| |**Investments**|**686**|**-**|**-**|**686**|**9,317**| |**Grand Total Incoming**|||||| |**Resources**
**27,415**||**8,673**|**-**|**36,088**|**58,811**| Faith Temple Ministries Charity Registration No: 1111208 Page 12 **Faith Temple Ministries Trustees Report and Financial Statements Year ending December 31st. 2019 Notes to the accounts** |**Trustees Report and Financial Statements**
**Year ending December 31st. 2019**
**Notes to the accounts**|**Trustees Report and Financial Statements**
**Year ending December 31st. 2019**
**Notes to the accounts**|**Trustees Report and Financial Statements**
**Year ending December 31st. 2019**
**Notes to the accounts**|**Trustees Report and Financial Statements**
**Year ending December 31st. 2019**
**Notes to the accounts**|||| |---|---|---|---|---|---|---| |**4 ANALYSIS OF EXPENDITURE**||||||| |**Expenditure on Charitable**|**Unrestricted**|**Restricted**|**Endowment**|**Total Funds**|**Total Funds**|| |**Activities**|**Funds**|**Funds**|**Funds**|**2020**|**2019**|| |£||£|£|£|£|| |Pastoral Remuneration
13,040
13,040|||||16,004|| |Administration
1,004
1,004|||||795|| |Premises Rent
4,139
4,139|||||5,308|| |Fees and Finance Costs
951
951||||||| |Building Development
155||2,140|-|2,295|15,509|| |Conferences
364
364|||||2,036|| |Costs of Meeting
465
465|||||1,580|| |Equipment
777
777|||||634|| |Pastoral
1,354
1,354|||||780|| |Travel Expenses|1,015
1,015||||2,946|| |Bank Charges
-
-|||||218|| |**TOTAL EXPENDITURE**
**23,264**||**2,140**|**-**|**25,404**|**45,810**|| ## **4.1 Remuneration** No employees received salaries or employee benefits (excluding employer pension costs) for the reporting period of more than £60,000 |**4.2 Average headcount in the year**
**2020**|**4.2 Average headcount in the year**
**2020**|**4.2 Average headcount in the year**
**2020**|**2019**| |---|---|---|---| |**Functional Department**|||| |Charitable Activities
2|||2| |Governance
-|||-| |**Total**
2|||2| ## **5 Transactions with trustees and related parties** Mr Daniel Brown, as Senior Pastor and Mrs Ivylen Mullings as Pastor of the Cambridge Congregation received remuneration of £13,040 in the year (2019 - £16,004) . No other trustees received remuneration or expenses. Faith Temple Ministries Charity Registration No: 1111208 Page 13 **Faith Temple Ministries Trustees Report and Financial Statements Year ending December 31st. 2019 Notes to the accounts** |**Faith Temple Ministries**
**Trustees Report and Financial Statements**
**Year ending December 31st. 2019**
**Notes to the accounts**|**Faith Temple Ministries**
**Trustees Report and Financial Statements**
**Year ending December 31st. 2019**
**Notes to the accounts**| |---|---| |**5 FIXED ASSETS**
**2020**|| |**Cost or valuation- non depreciated**
**Freehold Land**|| |**and Buildings**|| |**£**|| |Brought Forward
71,866|| |Disposals
-|| |Additions
-|| |Carried Forward
**71,866**|| ||| ## **6 DEBTORS AND PREPAYMENTS** |**Analysis of debtors less than 1 year**
**2020**
**2019**|**Analysis of debtors less than 1 year**
**2020**
**2019**| |---|---| |**£**
**£**|| |Gift Aid Receivable
1,857
4,218|| |**Total**
**1,857**
**4,218**|| ||| ||| ## **7 ACCRUALS** |**7 ACCRUALS**||| |---|---|---| ||**2020**|**2019**| |**£**||**£**| |Accruals
750||**750**| |**Total**
**750**||**750**| ## **8. CHARITY FUNDS** **8.1 Details of All Funds with movements during the CURRENT reporting period 2020** |**period 2020**||||||||| |---|---|---|---|---|---|---|---|---| ||**Opening**||||||**Closing**|| |**Fund names**|**Balance**||**Income**|**Expenditure**|**Transfers**||**Balance**|| |**Unrestricted Funds**
**£**|||**£**|**£**||**£**|**£**|| |Bedford Branch
5,956|||15,186|(9,983)||-|**11,159**|| |Cambridge Branch
6,068|||12,230|(13,282)||-|**5,016**|| |**Total Unrestricted Funds**
**12,024**|||**27,416**|**(23,265)**||**-**|**16,175**|| |**Restricted Building Fund**
**82,550**|||8,673|(2,140)
**89,083**||||| |**Endowment Fund**
**71,866**|||**-**|**-**||**-**|**71,866**|| |**Total Funds**
**166,440**|||**36,089**|**(25,405)**||**-**|**177,124**|| |||||||||| **8.2 Details of Restricted Funds with movements during the PREVIOUS reporting period 2019** |**reporting period 2019**|||||| |---|---|---|---|---|---| ||**Opening**||||**Closing**| ||**Balance**|**Income**|**Expenditure**|**Transfers**|**Balance**| |**£**||**£**|**£**|**£**|**£**| |**Restricted Building Fund**
73,961||6,867|(15,509)|6,000|71,319| Faith Temple Ministries Charity Registration No: 1111208 Page 14