## **Rhema Faith Ministries** ## **FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 28TH FEBRUARY 2025** **CHARITY REGISTERED NUMBER: 1111867** ## **Rhema Faith Ministries TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 28TH FEBRUARY 2025** ## **Reference and administration details** |**Registered Charity No.**|1111867| |---|---| |**Principal Address**|10 Slaidburn Street| ||West Brompton| ||London| ||SW10 0JP| |**Trustees**|Zekarias Mebrahtom Haile (Appointed 01/10/2024)| ||Elias Kiflu (Appointed 01/10/2024)| ||Menaber Wolday (Appointed 01/10/2024)| ||Daniel Ketema| ||Tesfaye Kidane (Resigned 01/10/2024)| ||Abede Wondim Milikit (Resigned 01/10/2024)| |**Structure, governance and management**|| |**Governing Document**|Constitution adopted October 2005| |**Trustee selection method**|Trustees are appointed at the annual general meeting| |**Objectives and Activities**|| |**Objects**|a) the advancement of the Christian faith.| ||b) the relief of persons who are in conditions of need, hardship or distress or| ||who are aged or sick.| ||c) the provision of instruction in the Christian faith at any educational establishment| ## **Rhema Faith Ministries TRUSTEES ANNUAL REPORT - CONTINUED FOR THE YEAR ENDED 28TH FEBRUARY 2025** ## **Achievements and Performance** Rhema Faith Ministries' (REM) remains steadfast in its mission to spread the gospel of Jesus Christ and empower believers to live out their God-given purpose. Guided by a commitment to biblical principles, RFM continues to serve as a spiritual anchor for its congregants and a transformative force in the wider community, both locally and internationally. ## **Leadership and Governance:** In the UK, the leadership of REM is spearheaded by Pastor Neftalem Mehreteab, who overseas the activities of the church branches. Internationally, the ministry is under the leadership of its founder, Rev. Zewdie Gebreselassie, and Rev. Fekadu Rehoboth Beyene. Together they provide strategic direction and spiritual guidance to ensure alignment with REM's mission and objectives. Collaboration with the Ethiopian Eritrean Evangelical Alliance: RFM actively engages with the London based Ethiopian Eritrean Evangelical Alliance, creating a vital network that connects Ethiopian and Eritrean churches across the UK. This collaboration fosters unity, shared resources and mutual support among churches, strengthening their collective ability to minister to their communities. ## **Empowering Local Churches:** Over the past year RFM has continued to support the local churches through a variety of initiatives designed to inspire, equip and empower. These included: - Encouraging and inspiring meetings: regular gatherings to uplift and strengthen the faith of members Seminars and - workshops: training sessions tailored to address spiritual growth and practical needs of congregants. - Leadership training: equipping church leaders with the skills and knowledge to effectively shepherd their congregations These programs were delivered both in person and via online platforms, ensuring accessibility and continuity despite geographic or logistical challenges. ## **Community Outreach and Assistance:** RFM extended its mission beyond the church walls by reaching out to local communities, offering support and assistance where it was most needed. This included practical aid for vulnerable groups and spiritual encouragement for individuals facing hardships. ## **International Aid and Support:** The ministry maintained its commitment to supporting persecuted Christians and advancing Christian work globally: - Eritrea: aid was raised to assist underground, persecuted Christians who face significant challenges in practicing their faith - Ethiopia: RFM contributed to a Christian ministry building project, ensuring that the infrastructure for worship and community service continues to grow. Additionally, RFM members supported the Rhema Faith Ministries Consider the Poor (RFMCP) initiative, led by Yordanos A. Tesfay, which provides essential assistance to impoverished children in Ethiopia. This program reflects RFM's holistic approach to ministry, addressing both spiritual and material needs. ## **Rhema Faith Ministries TRUSTEES ANNUAL REPORT - CONTINUED FOR THE YEAR ENDED 28TH FEBRUARY 2025** ## **Commitment to Equality and Inclusion:** RFM upholds a positive commitment to equality and non-discrimination, embracing biblical teachings that affirm the value and dignity of every individual. The ministry actively opposes all forms of discrimination within the charity and among its beneficiaries. Efforts are continuously made to promote inclusivity, irrespective of race, nationality, gender, age, or other differences, in alignment with the Christian belief in the Bible as the ultimate guide. ## **Public benefit:** When planning activities the Trustees have considered the Commission's guidance on public benefit and, in particular, the specific guidance on Charities for the advancement of religion. In particular, the Trustees try to enable ordinary people to live out their faith as part of the community through: a) worship and prayer, learning about the Gospel and developing their knowledge and trust in Jesus; b) provision of pastoral care for people living in the community. c) missionary and outreach work. ## **Risk management:** The Trustees give consideration to the major risks to which the Charity is exposed and systems which are designed to mitigate those risks on an ongoing basis. ## Declarations the trustees declare that they have approved the trustees’ report above. Signature(s) Print Name Date SIGN Menabe Wolday 08/01/2026 ## **INDEPENDENT EXAMINER'S REPORT REPORT TO THE TRUSTEES OF RHEMA FAITH MINISTRIES** I report to the trustees on my examination of the accounts of the above charity for the year ended 28th February 2025 ## **Responsibilities and basis of report** As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”) I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of Association of Accounting Technicians. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: - accounting records were not kept in accordance with section 130 of the Act or - the accounts do not accord with the accounting records - the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Dated Micahel Cooke For and on behalf of: Tove Accountancy Ltd Office 6, Town Hall, 86 Watling Street East, Towcester, Northants, NN12 6BS ## **Rhema Faith Ministries STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 28TH FEBRUARY 2025** |**INCOME**
Voluntary Income
Gift Aid
Other trading activities
Investment Income
Total incoming resources
**EXPENDITURE**
Charitable activities
Govenance Costs
Other resources expended
**Total resources expended**
**Net Movement**
Brought Forward
Movement
Carried Forward|**2025**
**2025**
**2025**
**2024**
**Unrestricted**
**Restricted**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
**£**
221,629
0
221,629
481,553
40,559
0
40,559
0
5,883
0
5,883
0
2,826
0
2,826
0
**270,896**
**0**
**270,896**
**481,553**
**2025**
**2025**
**2025**
**2024**
**Unrestricted**
**Restricted**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
**£**
323,440
0
323,440
236,879
3,320
0
3,320
13,400
5,255
0
5,255
6,948
332,015
0
332,015
257,227
(61,118 )
0
(61,118 )
224,326
627,278
0
627,278
402,952
(61,118 )
0
(61,118 )
224,326
**566,160**
**0**
**566,160**
**627,278**| |---|---| ## **Rhema Faith Ministries BALANCE SHEET AS AT 28TH FEBRUARY 2025** ||Notes||**2025**||**2024**| |---|---|---|---|---|---| |**Tangible Fixed Assets**|||||| |Buildings|4||287,518||0| |Equipment, Fixtures and Fittings|||15,766||20,847| |**Current Assets**
Bank Accounts
Debtors
Stock||218,265
46,086
1,289|303,283|458,921.00
147,230.00
1,289.00|20,847| |**Current Liabilities**
Creditors||265,640
2,763||607,440.00
1,009.00|| |**Net Current Assets**
**Long Term Liabilities**
Amounts falling due within
more than one year||2,763|262,876
-|1,009.00|606,431
-| |**Total assets less current liabilities**|||566,159||627,278| |**Capital funds**
Restricted funds
Unrestricted funds|4
5||-
566,159||-
627,278| |**Total Funds**|||566,159||627,278| The annexed notes form part of these financial statements. Approved by the trustees on ______________________ Menaber Wolday and signed on its behalf by: Zekarias Mebrahtom Haile Elias Kiflu Menaber Wolday Daniel Ketema ## **Rhema Faith Ministries NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2025** ## **1. BASIS OF ACCOUNTING** These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. These accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Charities Act 2011. ## **Fund account Policy** Unrestricted income funds are general funds that are available for use at the trustees' discrestion in furtherance of the objectives of the charity. Restricted funds are those donated for use in a particular area for a specific purpose, the use of which is restricted to that area or purpose. ## **Incoming resources** Income from donations and gifts is bought into account only when the income is actually received. ## **Resources expended** Liabilities are recognised as soon as there is a legal obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Cost of generating funds are the costs associated with attracting voluntary income. Charitable expenditure compromises costs incurred by the charity in the delivery of its activitiies and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and costs of an indirect nature necessary to support them. Governance costs include cost of the preparation and examination of staturtory accounts, the costs of trustees meeting and the cost of any legal advice to trustees on governance or constitutional matter. ## **Depreciation** Depreciation is calculated to write down the cost of fixed assets over their expected useful lives and is therefore provided on the following basis. Fixtures, Fittings and Equipment 25% on the written down value ## **Rhema Faith Ministries NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2025** ## **2. TANGIBLE FIXED ASSETS** |Cost
01-Mar-24
Additions
Disposals
Cost at
28-Feb-25
Depreciation
01-Mar-24
Charge
Disposal
Depreciation at
28-Feb-25
Net Book Value
28-Feb-25
Net Book Value
29-Feb-24
**3. STAFF COSTS**
Ministry Support
**3.1 Average head count in the year**
**4. DETAILS OF CERTAIN ITEMS OF EXPENDITURE**
Independent examiner’s fees
Other fees paid to the independent examiner
**5. DEBTORS AND PREPAYMENTS**
Income tax recoverable
Building deposit
Rent deposit
Prepaid expenses
**6. CREDITORS AND ACCRUALS**
Accruals|Property
Fixtures,
Fittings and
Equipment
£
£
0
119,098
260,518
174
0
0
260,518
119,272
0
98,251
0
5,255
0
0
0
103,506
**260,518**
**15,766**
**0**
**20,847**
**2025**
**£**
73,017
5
**2025**
**£**
1,920
0
**1,920**
**2025**
**£**
40,856
0
5,000
230
**46,086**
**2025**
**£**
2,763
**2,763**|Total
£
119,098
260,692

0
379,790
98,251
5,255

0
103,506
**276,283**
**20,847**
**2024**
**£**
69,238
6
**2024**
**£**
0
0
**0**
**2024**
**£**
75,000
67,000
5,000
230
**147,230**
**2024**
**£**
1,009
**1,009**| |---|---|---| ## **Rhema Faith Ministries NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2025** ## **8. PAYMENTS TO TRUSTEES AND RELATED PARTY TRANSACTIONS** There were no payments made to trustees or related parties during the year (2024 £0) ## **9. RESTRICTED FUNDS** There are no restricted funds currently held by the charity. |**10. UNRESTRICTED FUNDS**
Opening balance
Net funds for the year
Closing balance|**2025**
**£**
627,278
61,118
-
**566,160**|**2024**
**£**
402,952
224,326
**627,278**| |---|---|---| ## **Rhema Faith Ministries** ## **FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 28TH FEBRUARY 2025** **CHARITY REGISTERED NUMBER: 1111867** ## **Rhema Faith Ministries TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 28TH FEBRUARY 2025** ## **Reference and administration details** |**Registered Charity No.**|1111867| |---|---| |**Principal Address**|10 Slaidburn Street| ||West Brompton| ||London| ||SW10 0JP| |**Trustees**|Zekarias Mebrahtom Haile (Appointed 01/10/2024)| ||Elias Kiflu (Appointed 01/10/2024)| ||Menaber Wolday (Appointed 01/10/2024)| ||Daniel Ketema| ||Tesfaye Kidane (Resigned 01/10/2024)| ||Abede Wondim Milikit (Resigned 01/10/2024)| |**Structure, governance and management**|| |**Governing Document**|Constitution adopted October 2005| |**Trustee selection method**|Trustees are appointed at the annual general meeting| |**Objectives and Activities**|| |**Objects**|a) the advancement of the Christian faith.| ||b) the relief of persons who are in conditions of need, hardship or distress or| ||who are aged or sick.| ||c) the provision of instruction in the Christian faith at any educational establishment| ## **Rhema Faith Ministries TRUSTEES ANNUAL REPORT - CONTINUED FOR THE YEAR ENDED 28TH FEBRUARY 2025** ## **Achievements and Performance** Rhema Faith Ministries' (REM) remains steadfast in its mission to spread the gospel of Jesus Christ and empower believers to live out their God-given purpose. Guided by a commitment to biblical principles, RFM continues to serve as a spiritual anchor for its congregants and a transformative force in the wider community, both locally and internationally. ## **Leadership and Governance:** In the UK, the leadership of REM is spearheaded by Pastor Neftalem Mehreteab, who overseas the activities of the church branches. Internationally, the ministry is under the leadership of its founder, Rev. Zewdie Gebreselassie, and Rev. Fekadu Rehoboth Beyene. Together they provide strategic direction and spiritual guidance to ensure alignment with REM's mission and objectives. Collaboration with the Ethiopian Eritrean Evangelical Alliance: RFM actively engages with the London based Ethiopian Eritrean Evangelical Alliance, creating a vital network that connects Ethiopian and Eritrean churches across the UK. This collaboration fosters unity, shared resources and mutual support among churches, strengthening their collective ability to minister to their communities. ## **Empowering Local Churches:** Over the past year RFM has continued to support the local churches through a variety of initiatives designed to inspire, equip and empower. These included: - Encouraging and inspiring meetings: regular gatherings to uplift and strengthen the faith of members Seminars and - workshops: training sessions tailored to address spiritual growth and practical needs of congregants. - Leadership training: equipping church leaders with the skills and knowledge to effectively shepherd their congregations These programs were delivered both in person and via online platforms, ensuring accessibility and continuity despite geographic or logistical challenges. ## **Community Outreach and Assistance:** RFM extended its mission beyond the church walls by reaching out to local communities, offering support and assistance where it was most needed. This included practical aid for vulnerable groups and spiritual encouragement for individuals facing hardships. ## **International Aid and Support:** The ministry maintained its commitment to supporting persecuted Christians and advancing Christian work globally: - Eritrea: aid was raised to assist underground, persecuted Christians who face significant challenges in practicing their faith - Ethiopia: RFM contributed to a Christian ministry building project, ensuring that the infrastructure for worship and community service continues to grow. Additionally, RFM members supported the Rhema Faith Ministries Consider the Poor (RFMCP) initiative, led by Yordanos A. Tesfay, which provides essential assistance to impoverished children in Ethiopia. This program reflects RFM's holistic approach to ministry, addressing both spiritual and material needs. ## **Rhema Faith Ministries TRUSTEES ANNUAL REPORT - CONTINUED FOR THE YEAR ENDED 28TH FEBRUARY 2025** ## **Commitment to Equality and Inclusion:** RFM upholds a positive commitment to equality and non-discrimination, embracing biblical teachings that affirm the value and dignity of every individual. The ministry actively opposes all forms of discrimination within the charity and among its beneficiaries. Efforts are continuously made to promote inclusivity, irrespective of race, nationality, gender, age, or other differences, in alignment with the Christian belief in the Bible as the ultimate guide. ## **Public benefit:** When planning activities the Trustees have considered the Commission's guidance on public benefit and, in particular, the specific guidance on Charities for the advancement of religion. In particular, the Trustees try to enable ordinary people to live out their faith as part of the community through: a) worship and prayer, learning about the Gospel and developing their knowledge and trust in Jesus; b) provision of pastoral care for people living in the community. c) missionary and outreach work. ## **Risk management:** The Trustees give consideration to the major risks to which the Charity is exposed and systems which are designed to mitigate those risks on an ongoing basis. ## Declarations the trustees declare that they have approved the trustees’ report above. Signature(s) Print Name Date SIGN Menabe Wolday 08/01/2026 ## **INDEPENDENT EXAMINER'S REPORT REPORT TO THE TRUSTEES OF RHEMA FAITH MINISTRIES** I report to the trustees on my examination of the accounts of the above charity for the year ended 28th February 2025 ## **Responsibilities and basis of report** As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”) I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of Association of Accounting Technicians. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: - accounting records were not kept in accordance with section 130 of the Act or - the accounts do not accord with the accounting records - the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Dated Micahel Cooke For and on behalf of: Tove Accountancy Ltd Office 6, Town Hall, 86 Watling Street East, Towcester, Northants, NN12 6BS ## **Rhema Faith Ministries STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 28TH FEBRUARY 2025** |**INCOME**
Voluntary Income
Gift Aid
Other trading activities
Investment Income
Total incoming resources
**EXPENDITURE**
Charitable activities
Govenance Costs
Other resources expended
**Total resources expended**
**Net Movement**
Brought Forward
Movement
Carried Forward|**2025**
**2025**
**2025**
**2024**
**Unrestricted**
**Restricted**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
**£**
221,629
0
221,629
481,553
40,559
0
40,559
0
5,883
0
5,883
0
2,826
0
2,826
0
**270,896**
**0**
**270,896**
**481,553**
**2025**
**2025**
**2025**
**2024**
**Unrestricted**
**Restricted**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
**£**
323,440
0
323,440
236,879
3,320
0
3,320
13,400
5,255
0
5,255
6,948
332,015
0
332,015
257,227
(61,118 )
0
(61,118 )
224,326
627,278
0
627,278
402,952
(61,118 )
0
(61,118 )
224,326
**566,160**
**0**
**566,160**
**627,278**| |---|---| ## **Rhema Faith Ministries BALANCE SHEET AS AT 28TH FEBRUARY 2025** ||Notes||**2025**||**2024**| |---|---|---|---|---|---| |**Tangible Fixed Assets**|||||| |Buildings|4||287,518||0| |Equipment, Fixtures and Fittings|||15,766||20,847| |**Current Assets**
Bank Accounts
Debtors
Stock||218,265
46,086
1,289|303,283|458,921.00
147,230.00
1,289.00|20,847| |**Current Liabilities**
Creditors||265,640
2,763||607,440.00
1,009.00|| |**Net Current Assets**
**Long Term Liabilities**
Amounts falling due within
more than one year||2,763|262,876
-|1,009.00|606,431
-| |**Total assets less current liabilities**|||566,159||627,278| |**Capital funds**
Restricted funds
Unrestricted funds|4
5||-
566,159||-
627,278| |**Total Funds**|||566,159||627,278| The annexed notes form part of these financial statements. Approved by the trustees on ______________________ Menaber Wolday and signed on its behalf by: Zekarias Mebrahtom Haile Elias Kiflu Menaber Wolday Daniel Ketema ## **Rhema Faith Ministries NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2025** ## **1. BASIS OF ACCOUNTING** These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. These accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Charities Act 2011. ## **Fund account Policy** Unrestricted income funds are general funds that are available for use at the trustees' discrestion in furtherance of the objectives of the charity. Restricted funds are those donated for use in a particular area for a specific purpose, the use of which is restricted to that area or purpose. ## **Incoming resources** Income from donations and gifts is bought into account only when the income is actually received. ## **Resources expended** Liabilities are recognised as soon as there is a legal obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Cost of generating funds are the costs associated with attracting voluntary income. Charitable expenditure compromises costs incurred by the charity in the delivery of its activitiies and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and costs of an indirect nature necessary to support them. Governance costs include cost of the preparation and examination of staturtory accounts, the costs of trustees meeting and the cost of any legal advice to trustees on governance or constitutional matter. ## **Depreciation** Depreciation is calculated to write down the cost of fixed assets over their expected useful lives and is therefore provided on the following basis. Fixtures, Fittings and Equipment 25% on the written down value ## **Rhema Faith Ministries NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2025** ## **2. TANGIBLE FIXED ASSETS** |Cost
01-Mar-24
Additions
Disposals
Cost at
28-Feb-25
Depreciation
01-Mar-24
Charge
Disposal
Depreciation at
28-Feb-25
Net Book Value
28-Feb-25
Net Book Value
29-Feb-24
**3. STAFF COSTS**
Ministry Support
**3.1 Average head count in the year**
**4. DETAILS OF CERTAIN ITEMS OF EXPENDITURE**
Independent examiner’s fees
Other fees paid to the independent examiner
**5. DEBTORS AND PREPAYMENTS**
Income tax recoverable
Building deposit
Rent deposit
Prepaid expenses
**6. CREDITORS AND ACCRUALS**
Accruals|Property
Fixtures,
Fittings and
Equipment
£
£
0
119,098
260,518
174
0
0
260,518
119,272
0
98,251
0
5,255
0
0
0
103,506
**260,518**
**15,766**
**0**
**20,847**
**2025**
**£**
73,017
5
**2025**
**£**
1,920
0
**1,920**
**2025**
**£**
40,856
0
5,000
230
**46,086**
**2025**
**£**
2,763
**2,763**|Total
£
119,098
260,692

0
379,790
98,251
5,255

0
103,506
**276,283**
**20,847**
**2024**
**£**
69,238
6
**2024**
**£**
0
0
**0**
**2024**
**£**
75,000
67,000
5,000
230
**147,230**
**2024**
**£**
1,009
**1,009**| |---|---|---| ## **Rhema Faith Ministries NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2025** ## **8. PAYMENTS TO TRUSTEES AND RELATED PARTY TRANSACTIONS** There were no payments made to trustees or related parties during the year (2024 £0) ## **9. RESTRICTED FUNDS** There are no restricted funds currently held by the charity. |**10. UNRESTRICTED FUNDS**
Opening balance
Net funds for the year
Closing balance|**2025**
**£**
627,278
61,118
-
**566,160**|**2024**
**£**
402,952
224,326
**627,278**| |---|---|---| INDEPENDENT EXAMINER'S REPORT REPORT TO THE TRUSTEES OF RHEMA FAITH MINISTRIES I report to the tfustees on my examination of the accounts of the above tharity foi the year ended 28th February 2025 Responslbllltle5 and basis of report As the charity trustees of the Trust, you are responsible for the preparat¢on of the actounts in accordance with the reouiremenis ol the Charities Att 20111-the Art-l l ieport tn respect of my examinaiion of the Trusys accounts carried out under section 14S of the 2011 Act and in carrying out mv exarnination, I have followed the applicable Dire(tions given by the Charity commis￿0Th under section 14515llbl of the Act. Independent examlner's ststement The Char￿ty.$ gross income exceeded £250.CKQ and l am qualified io undertake the examination by being a qualrfied member of A5S0Ciation of Accounting Technicians. I have completed my e¥aminaiion. I confirm that no rnaterFal matter5 have come to my attention in connection with the examination which gives me cause to believe thai in. any material respett.. accountlTh8 record5 were not kept in atcordance with seCt￿n 130 of the Art or the accounts do not atco¥d with the accountin8 records the accounts did not compfy wf(h the applicable requirements conceming the form ènd content of accounts Set out in the Charitie5 (Accounts and Reportsl Regulations 2LX)8 other than any requirement that ihe accoun15 give a 'true and fairf v*w vknich s not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examinatKJn to which attention should be drawn in orderto enable a proper understanding of the account5 to be reached. Daied Micahel Cooke For and on behalf of.. Tove Accountancy Ltd Office 6, Town H311. 86 Watlin8 Street East, Towce5ter. Northants. NN12 6BS 121011.