Rhem8 Fahh mi￿1#trIeS
•nd#l S¢•tements
for the y¢8r ended
28 Febrn•ry 2021

Rbema F#ttb Ministrles
Fin8Dcial StstemeDts for the ye*r eDded 28 February I￿21
ConteDts
Page
R¢ference and ad[nin￿1[alIve detsils
Independent examin&s reixxt
Statement of financial artivities
Balance she
Notes to the financial ststements
718

Rhem* Faith Ministrits
Flu*￿¢[$] Stgttments for the yur ud¢d 28 Febrn￿ 2021
Rtferen¢¢ •dmintstratlvt del#Us
Charity rwme
Rhema Faith Ministries
Charity reBistr￿10n ttumbe¥
1111867
Governin8 instnunent
D￿lartI￿ of Tntst da*d l 0￿ 2CQ5
Trustres
T￿faye Khdatie
Yoseph Adm&$5U
Abdje Wondim MilikÈt
Daniel Ktterna
Secrdary to the Trustees
Rev D Dak7¢
Trust objertive5
•) the &dv&neement of the Christian faith.
b) the relief of person5 who ar¢ in ¢onditiOnS of ne•J,
hardship or distress or are aged or sick.
c} the wovisicffi of instruction in the Christian faith at
y edu¢*ional ¢stablishmeni.
Prin¢ipg] &ddr¢ss
10 Slaidburn Strttt
W¢st Bromirton
London
swio ojp
Bpnkers
HSBC
16 Shepherds Bush GTeen
Shepherds Bush
HSBC
POBox103
33 P8rk Row
W128FT
LSI ILD
N￿we$l
I Si Philips Pl*e
Birmingham
B3 2PP
Kingdom Bank
Ruddington Fields
Ruddington, Nottingham
NGI16JS
Indyndertt examiner
Gltshis PaTk¢r
Acwuntin8 Servtces
16 He8th Avenue
Halifax
HX3 OEA
Page 1

Rhema Faith Ministrks
FIDancial St¥temeDts for the y￿r ellded 28 Febrnary 2021
Report ofthe Trnstees
The Tnts*es present th¢Rr Re{￿ al￿ Fitioncial Ststements fwthe year ended 28 February 2021.
strnetu￿* gov¢rn*Jhce and ￿*￿￿8ement
Rthema F4iih Ministries CO￿￿11￿ ty a Declaration of Tnjst dated l OdobEr 2(Kl5.
The obje¢tives of the Charity aTe.'-
•) The advancement of the Chrbstioll faith:
b) The relief of persons who are in cortdKiions of ljarthhip or distress. or who are aged or si¢k'
c) The provision of insIn￿l0￿ in the Chrimian faith at any edUc￿lOnal e5tsblislmienÉ.
Trusteej
The TnL8tees who seTved during the yeor w¢re.'.
Tesfaye Kidane
Yoseph Admassu
Ab¢b¢ Wondim Milikit
Daniel Ketema
Any persort bein8 a rnember of the Church accepts th¢ Siaiemem of D(￿trI￿ of the Church. may be
appointed io the Tn￿leeshiP by th¢ Yecognis¢d spirill￿1 leaders of the Church.
Any new Tn]siee is given an introduciion to the work of th¢ Charity by the Secretary of the Trus*es and
given a ¢opy of the Charity Commission guidelines CC3a CCIO, tO8ether with on explanation of the
role of a Trustee.
The Trust¢es have reviewed the thquw of the Choritys orrent in￿n8] controls and are confident
that these controls ¢onfmn with guidelines issued by th¢ Charity Conmissi
Trustw responslbllltles
Charity law requires the TnL%ttts to prepare fmancial ststements for each financi￿ year which gives a
true and fair view of the stale of affairs of the Charity and of its finan¢i81 activities for that period.
In preparing those finan¢ial ststernents th¢ Trustee5 are required to:
a) select Suit4ble accounting policies and apply them consistently.
b) make judgements and estimale5 that are Teasonable pnthnL
) state whether ihe policies adopted are ID accordance with the chartties SORP and with applicable
a¢¢ounting standards, subject to any material depart￿ disclosed and explained in the finan¢ial
statements.
d) prepare th¢ f￿￿￿1￿1 Stai¢m￿ on the gott￿cOncern i*sis unle&s it is inapprnm w assume the
Charity will continue operating.
The Tr￿￿te¢S are r¢4M)nsible for ke¢pin8 proper re&)rds whi¢h disclose wtth rea90￿b)e
accuracy at any lime the financial position of the Charity and to enable them to ensure that the fllJan¢ial
ststements cornply with the Cbark¢ie5 Act 1993. They aTe also resFxJnsTble for safeguarding the ￿ets of
the Charity and hence for tsking re&sonable s*ps for the Frtvention of fraud or ¢Aher irregularities.
Reserves wblicy
The Tr￿*tee& have revie￿d the ChaTity$ needs for reswves ID Itne with the guidance issued by the
Charity Commission and consider it prudent tlLqt ￿￿eStrIcte￿j r¢serveg should be suffi¢i¢nt to avoid th¢
n¢c¢$5ity to re&lise fixed &ssets. The TnL8tees are confident that fjjth in￿¢ will ￿ble the Clwiry
to meet its fore8¢cabie needs on the b&8is of planT￿d ￿tIVity.
Page 2

Rheml F*kh Mltttstrles
FIDantllll Stateme•ts for the year ended 28 Febrnary 2021
Report Df tke Tryst¢¢s (eontinu¢d)
Review of progress Amd #thlev¢m¢nts
Rherna Faith Ministrie5' IRFM) objectiye is to spread the good D¢WS of the gos￿ of ChTiSt 8nd
io equip en¢ourag¢ believers to a¢complish God'$ purrA)5c in their lif¢.
The seven UK bTan¢hes. London, Birniinghw POIL￿10uth, Man￿￿. W Coventy #nd Stoke.
on-Trent are under the leadership of Fekadu Rehoknth Bey¢n¢.
The seven intemalional bTanches- Ethiopi4 EritTe& Sudan. lthly, Norway. C4nada and th¢ USA . are
under the leadership of Z¢wdie GebrtselassiK the fow)der of IiFM. Rhema Faith Ministries Consid¢r the
Ptsor IRFMCP} assists iMp0v￿Shed children in Ethiopia and is under the lef44ership of Y￿d8￿)$ A Tesfay.
RFM interacrs with the London Ethioptan Eritreati Evangeli￿} Allian￿ conngXin8 thern to other
Ethiopian and Eriirean churchts.
Throughout the year RFM SUPPOrt￿ the IL￿1 chuTrh¢5 with elw￿u￿BIng inspiring rnttting
seminars, worksh¢)ps and leadership trainin8 offtred the intemd Pl￿fonn wh¢n rtstriciions were in
pl￿t due to Covid 19 pandemic ond ott site when the rtstriaions were lifted. RFM also T￿hed out into
their communiiies lo offer the muth-needed assiswice resulting from the Covid 19 lockdo￿9 Ind
controls.
RFM a positive wmmitinent to oppose all forms of discrimination withirt the Cknity #nd Its
t*neficiaries, workin8 towwds promoting equality foi ail. irrespective of eolour. nationalty, r¢li8iOn.
g¢nder. ¢lass and 88e. Ltt xcordanrx with the Chri5ti#n belief tn th¢ Bible ￿ the word of Cjod.
Full details of the financial trwhsactions are COTiiained in the attached aco)unts.
Publle beD¢n¢
When p]anning activities the T￿￿ have considered the Conunisslon's 8uidAnc¢ on publi¢ b¢n¢fit an
in porti¢ulAr. the specifjc guidance on Charities for the th￿C&m¢nt of reli8iott. In porticular. the
TnLStees try to ¢nabl¢ ordinary people to live out their faith as part of the community throu¥h'.
8) worship and prayer, Iwiin8 aboui the Gospel and d¢velopin8 their knowled8e and In Jesus:
bl provision of p&thral care for people living in the community.
c) mlssionary and outre#h work.
Rtsk
Th¢ Trustees give con51der￿1On lo the major risk5 to which th¢ awity is exposed and systems which
are designed to mitigate those risks on an on80ing basis.
SlgDed l>eh*lf orth¢ Trnstees 29 November 2•21.
Rev D D*c
S¢tretsry to the T￿￿t¢S

Rhem¥4 Fyéith MlnLqtries
Finaneknl Ststements for the y¢*r ended 28 Februry 2021
lttdepelld¢Dt Ex#rniDeT'S Reprt
lo Iht Trnstee5 of lih¢DM F*ith Mittistries
I rep)rt on the Accounts of the Trust f(* th¢ year endwj 28 Febnmry 2021 which are set out on pages
5108.
Rfspeetive responyibllities of t￿Stett and exawitter
The charity's trljstees are reSP￿sible for the preparati￿ of the accowits.
Th¢ clmrity's twstees consider that an audit is requiTed for this year under section 144(2) of the
Chariti¢s Act 2011 (the 2011 Act) and that an ind¢p•th examination is needttl
It is my r¢sponsibilty to:
a) examine the ￿counts under sec¢ion 145 of th¢ 2011 Act
b) to follow th¢ procedures laid do1￿ in the g¢neral Dire¢tion$ given by the wmmission
seetion 145 (5) (b) of the 201 I Aci
c) to whether particular rna¢t¢rs have come to my attenti
B**ts of lttdependen¢ ¢y•mIne￿5 report
My ¢xomination was carried ou¢ irt accordanc¢ with the 8a*rnl Directions given by the Charity
Commission. An examination includes a review of the xcijunting records kept by the ¢hariry and a
comparison of the a¢counts pr¢s¢nted with thos¢ record& li also include5 consideration of any
unusual iiems or disclosurns in the a¢¢ount& and seeking explanations frnm you as ITUStees concerning
any such matters. The procedures undertaken do not provid¢ ttll the evidence that would be required in
an 4udiL and consequently ￿ opinion is given as to whether the accounts preseni a and fair vie
th¢ report is limiied to those matters set out in the next swemeDL
Independent ¢x*mInt￿8 JtstemeDt
In connection with my examination, no matter has eome to my att¢ntion'
]} which gives me reasonabl¢ cause to believe that in any material re5P¢¢t the requiremenis:
a} to keep a¢￿￿￿ting record5 in accordance with Section 130 of the 2011 Aci arnl
b) to prepare accounts which accord with the acwunting records and comply with the a¢¢ountin8
requirements of the 2011 Act
have not been met or
2) io which, in my Opinio￿ attention should be drawn in order to enabk a proper und¢rstaDding of the
accounts to be reached.
GleDls Parker
Aceounting Serylces
Halif85
Dated 29 Novemb¢r 21121
Page 4

Rh¢m8 Fmlth Mlniitrlej
ststemetst of Fth•nelxl Aedvlttu for the year emded 28 F¢br•Ary 2021
Totsl
Totsl
FuDds
2020
2021
Incotnltsg resoyttes
Voluntary in¢om¢
Investment ithcome
111.661
383
111,661
383
153.697
612
Tot*l Ineomlng re￿￿re¢S
l 12,044
111044
154,309
Rewureu esptnded
Costs of chariiabl¢ pctivities
Gov¢rn8nce costs
Other resour¢es expended
110.442
110.442
101.975
600
8,585
8.834
&834
Total re￿￿ree8 expemded
119.276
119,276
111.160
N¢t l•eomlng rewureeg for th¢ ymr
-7232
-7232
43,149
Net movm¢nt in funds in the financial y
-7232
-7.232
43.149
Totsi Ilmds br￿8h1 forwwd
2￿,172
2W.172
247,023
Total Il￿d5 ￿Ti￿j forward
232.940
282.940
290,172

Rhema F*ith MiDis¢r1¢5
B*iADce Shee¢ 28 Febru•ry 2Q21
Totsl
Funds
21)21
Tot*1
F￿•0%
F¥nd¥
2020
Flxed
Tangible &ssets
31571
31J71
31.205
CyTreDt assets
B(M)kstsll st(Kk
Debtor5
(Amounts thie within one year)
C&sh at baDk and in hand
1289
1.289
1,289
18,752
240.844
18,752
240.844
45,140
244,931
260,885
260,885
291,360
T•tsl ¥4ssets
291456
292.456
321565
Less Cllrrent Il*blli¢i¢J
C]tditors
{amounts du¢ withill one ye4r)
9J16
9.516
32J93
Net assets
282.940
282.940
290.172
Reserv¢5
Balances brought foThvard
Net incoming ￿OurC(S for ye4r
2￿,172
-7232
2￿,172
-7.232
247,023
43.149
B*l*#ees earried ftsrw*rd
282.940
282.940
290,172
Th¢9¢ finADtial statemtmts were approved by the on 29 NrnlJ¢r 2fj21.
Tesf*ye Kidane
AbelJ¢ Wottdlm Miiik
D*Dlel K¢tma
Page 6

RheMa Faith MiDiStrles
Flnanelal Ststewents for the ye•r ended 28 Febrn#ry 2021
Note5 to the Accounts
l AttouDtlttg polleieg
Basis of prepAration
The financial statements have been prepared in a￿ordance with applicable acwunting stalld8￿ ond
Charitie5 s￿ernent of R¢¢ommeTrled Prndi¢e (SORP 2(X)5).
Fund a¢¢OUDtlng polky
Unrestricted irwme fijnds are 8eneral funds that are avaslable for we atthe trust¢es' discrtion in
furtherJn¢e of the obje¢tiv¢s of the charity.
Restri¢t¢d funds are thos¢ donated for us¢ in a particular orea for spe¢ifi¢ purposed, the u3¢ of which is
restricted to aYeA or purFK)s¢.
IneorniTh% r¢JoureeJ
Income from donations and gifts is brought inw xcount only when the income 1$ acts￿IlY rec¢ived.
Re40urees expend¢d
Liabilities are reco￿1$ed as soon &8 there is a leg41 obliwion ￿n￿1￿Ing the charity to the expenditure.
All exp¢ndÉwre is accounted for on an ￿¢n￿S basis and has been classified under he￿lIng5 th41
awegaie all costs re141ed io the ￿l¢gOry.
Costs of 8eneratin8 fiJnd5 are the ￿sts ass￿l￿ed with attra¢¢ing voluntary inwm¢.
Charitable ¢xpenditure ¢omwises those costs incurred by the charity in the delivery of its activities and
Services for its beneficiaries. It include5 ¢osts that can be allocateAJ dire¢ily to such activities and
those ¢osts of an indi￿1 nature De¢essary lo suptKMI them.
Gov¢rn*Trce costs
Governan¢¢ ¢osts include costs of the and eXami￿tion of accounts, th¢ eosts of
trustees meetings •nd the cost of 4ny legal advice to trusteu gov¢rnence or ¢onMitutional
Deprecl4tioD
Depreciation 15 cal¢ul8ted to WTite do￿ the cost of fixed &8SfAs over their exp￿t￿l usefvl lives and 1$
therefore provided on the following ba8i5'.
25y(* ots the written down value
P￿7

Rhema Faith MlbL8trles
FiTraneial Ststements for the year ended 28 F¢brn•ry 2021
Notes to the atCOUDts
21121
21120
2 St8ff costs
Mtnistry support
Averag¢ number of employ¢&%
24.563
21.777
2*121
2021J
3 lttdependent e￿mItter
600
4 Seb¢dwl¢ of Tanglbie A&g¢ts - UDr¢strkt¢d ThDds
Totsl
21121
Totsl
202
& •qtylp
Cost
Brought foTw4rd
Additions
Disp05als
98.544
9200
98,544
9,2(K)
94,346
4,198
107.744
107.744
98.544
DepreTi•tknn
Brought forward
Charge for y¢ar
On disposal
67.339
8.834
67,339
8,834
58.754
8,585
76,173
76,173
67,339
Wrltten down v•lue
Al 28 Febru￿ 2￿7
At 28 FebTW 2020
31,571
31205
31,571
31,205
31,205
35.592
20x1
5 Debtorn due within othe ye4r)
Income t&x r¢￿VerAble
12,521
1,000
5,000
231
17.919
22,000
5,000
221
Reni deposit
18.752
45,140
2020
6 Crediton (amounts d￿¢ one year)
Loans
Accrujls
916
8,600
9,516
26,792
5,601
32,393
7 TransactioTrs wlth trnstees
None of the tnL8tees received fees or during th¢ year (21Y20 - nil)
Page 8

Rh¢m8 Mfinl￿1tS
St*t¢mettt *etlvttRs for the y￿r ended 28 FelJrn*ry 2•21
Tiihes and offerings
Offerings for buildin8
Community 8r8nl
In¢ome tax rKover¢d
B(N)kstsil
Inlere5t received (net)
91.938
118.759
18.835
16,103
19.723
383
612
112.044
154J09
Resourees expended
Ministry support
TrAining
Gifts
Conf¢rences and fun¢tLQ
Cmnt exp¢ns¢5
Books ete
Reni, rates and W￿tr
Buildirtg projert ¢xpense$
Lighi and h¢
Cleaning
Trav¢llin8 expense5
Advertisin
Telephone and int¢met
Insurance
Subs¢riptions
Ac¢ountancy
Independent ¢x8rnitt&s ft¢
Legal fees
B8nk charges
L08n interest
P05ts8e. $tstion¢ry Brtd softwar¢
Repairs and renewals
Depr¢ciation of tlxed
25.013
500
25J09
288
4235
21.Tn
665
14,227
3.685
5.095
37.159
37.234
5,143
276
3,345
3,984
6.602
3.626
5,469
956
3.625
102
235
8.585
(834
119276
.7232
111.160
43.149
Net In¢oDd*g resourc¢s for lknaJ¢l*l ye•r
Net tran5ferg between fithds
Net movement im fund
-7232
43.149
Balartex brought fonvard
29).172
247,023
282.940
290.172