REPORTS OF THE TRUSTEES AND
ST
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
FOR
CITY OF FAITH MINISTRY

CONTENTS
CHURCH INFORMATION.......
TRUSTEES REPORT.......
INDEPENDENT EXAMINERS'S REPORT....................
INCOME & EXPENDITURE ACCOUNT.....
BALANCE SHEET........................
NOTES TO ACOUNTS.
8-10

ORGANISATION INFORMATION
NAME OF ORGANISATION: CITY OF FAITH MINISTRY
TRUSTEES:
Cecile Abah
Adrian Theophilus
Desmond Manu
REGISTERED OFFICE:
32 Crick Court
Spring Place
Barking
IGII 7GN
CHARITY REGISTERED NUMBER
1133662
BANKERS
Barclays Bank PIC
ACCOUNTANTS
EA Winful & Associate5

STRUCTURE, GOVERNANCE AND MANAGEMENT
Risk management
The trustee5 have a duty to identify and review the risl(s to which the church is
exposed and to ensure appropriate controls are in place to provide reasonable
assurance against f raud and error.
The trustees confirm that considerations have been given to the rnajor risks to which
the church is exposed and that systems have been designed and established to
mitigate those risks.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objective5 of the church are:
i. The propagation of the gospel of Jesus Christ
ii. The relief of poverty
iii. Education
The Trustees have given careful consideration to the Church's general guidance on
public benefit.
Activities during the year
The Chufch continued its programme of reaching more people for God. The normal
activities of Sunday and weekday service5 continued. Church fellowship on Fridays
continued to be a success.
The church during the year continued refurbished works on its premises with the
help and assistance of its members.
The Church continued to be of immense assistance to members in diverse social and
spiritual needs. Members were assisted with counselling, welfare, travelling, and
accommodation assistance, among others.
The church provided strong support to members and their families in times of joy
and bereavement.
The church conducted several marriage ceremonies and christening of babios during
the year.
The Church supported members at the sad times of funerals. Members were prayed
for at such times and encouraged with the word of God. Sicknesses and ailments are
part of life. On occasions when members or their families are hospitalised, prayers of
deliverance were freely offered.
Evangelism
The church continued its evangelistic mission through out the year ensuring that its
message reaches a wider audience in the UK. The word of God was brought to the
homes of many people through the distribution of audio messages of prayers and
sermons. The church prepared and distributed freely daily bible reading and prayer
guide and a150 offered financial assistance to international faith organisations.

FINANCIAL REVIEW
Reserves pollcy
The Trustees acknowledge that it will require about £20,000 for three month'5
operation without any income. The general reserve is more than the 53fety level, and
this level is to be mairitained. The Trustees by strategic planning aro to maintain the
level of secu red funds in the next 5 years by setting up a £12,000 reserve funds
account with the bank.
Operational Income and expenditure
For the year under review, the church made a financial deficit of £9,233 against
surplus of1£38,690 in 20221
Total offerings, donatSons and other income received was £376,0321£459,331 in
20221 this was down from last year income.
Total operating cost was £385,2651£420,641 in 20221 this was down from last year.
Trustees are of the opinion that for the foreseeable future, increased evangelism to
a bigger audience from internet, phone apps, and tweeter, what'5 up and the
Facebook is a long-term strategy to expand the Ministry.
Trustees are most grateful to the members and the public who continued to give to
the work of God carried on at the church.
Volunteer services
The Tru5tee5 would like to mention the work of several dedicated volunteers whose
contribution immensely contributed to the work at the church. The church benefited
from these services provided free of charge.
The trustees once again extend a big thank you to all its volunteers.

STATEMENT OF MANAGEMENT RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustee5 and tho
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, includingthe income
and expenditure, of the charitable company for that period. In preparing those
financial statements, the trustees are required to
select suitable accounting policies and then apply them consistently;
observe the methods and principles Iri the non for profit SORP,.
make judgements and estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is
inappropriate to presume that the church will continue in business.
The trustees are responsible for keeping proper accounting records which disclose
with reasonable accuracy at any time the financial position of the church and to
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.
ON BEHALF OF THE TRUSTEES..
Signature

INDEPENDENT EXAMINER'S REPORT
I report on the accounts of the Charity for the year ended 31 December 2023,
prepared on the basis of the accounting policies shown in the corresponding pages
RESPECTIVE RESPONSIBILITIES OF MANAGEMENT AND EXAMINER,.
As the church trustees you are responsible for the preparation of the accounts,. you
consider that the audit requirement of section 43121 of the Charities Act 1993 (the
Act) does not apply. It 15 my responsibility to state, on the basis of procedures
specified the General Direction5 given by the Charity Commissioners under section
4317llbl of the Act, whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINER'S REPORT:
My examination was carried out in accordance with the General Directions given by
the Charity commissioners. An examination includes a review of the accounting
records kept by the church and a comparison of the account5 presented with those
records. It a150 includes consideration of any unusual items or disclosures in the
accounts, and seekillg 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 I do expre55 an audit opinion on the view
given by the accounts.
INDEPENDENT EXAMINER'S STATEMENT:
In connection with my examination, r)0 matter has come to my attention, which
gives me reasonable cause to believe, that any material respects the requirements
i. to keep accounting records in accordance with section 41 of the Act and
2. to prepare accounts which accord with the accounting records and to comply
with the accounting requirements of the Act has not been met.
E A Winful, FCCA
EA WINFUL & ASSOCIATES
CHARTERED CERTIFIED ACCOUNTANTS
18 HERO WALK
ROCHESTER MEI 2UZ

CITY OF FAITH MINISTRY
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
INCOME AND EXPENDITURE
Note5
Unrestricted Restricted
2023
2022
Incoming Resources
Offering & Donations
357,416
357,416
410.117
Investment Incomè
Other Income
18,616
18,616
49,214
Total Income Resources
376,032
459,331
Resource5 Expanded
Cost of Actlvities
1385.2651
1420,6411
Total Resources Expanded
1385,2651
1420,6411
Net Incomtng / IOutEoingl Resource5
19,2331
38,690
Fund5 brought forward 3111212020
778,050
739.360
Desigt)ated funds utilised
Funds carried forward 3111212021
768,817
778,050
See notes on the following pages lor detailed analysis of Income and expendlture
CONTINUING OPERATION
The Church operates in it5 new developed leased premises during the yeai. The entire capital expendlture
apart from Fixtures & Fitting5 is written off in the income and expenditure account during the year.
This years income is b005ted from the receipt of 4 years gift aid payment5 approved and paid by the HMRC.
Covenanl partner5 support of fixed monthly financial givings also 3ccounled lor the rise in income
The trustees cxpre55 their sincere gratitude to the church and the covenant partners for their generious givin8S
that made this possible.
TOTAL RECOGNISED GAINS AND DEFICITS
The church has no recogni5ed g3ills or deficits other than the surplus for the current year
The note5 form part of these accounts.

CITY OF FAITH PdlNISTRY
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
BALANCE SHEEf AS AT 31ST DECEMBER 2021
FIXED ASSETS
Note
2023
2022
Premise5
Fixtures & Fittings
Investment
516,080
3,850
60,000
579,930
516,080
3.054
60,000
579,134
CURRENT ASSETS
uildinE funds & Savings
Debtor5
Bank and cash in hand
16,573
170,826
2,338
189,737
25,423
174.053
1,190
200,666
CRED1TORS'.
Amount5 falling due within one year:
Trade Creditors
18501
11,7501
18501
11,7501
Net Current As5ets1 (Liabllitiesl
188,887
198,916
CREDITORS..
Amounts falling due for more than one year
Loan
Total Assets less Liabilitles
768,817
778,050
UNRESTRICTED FUNDS
brought forward
Surplu5 for the ypar
Designaled funds
Total Fund5
778.050
19,2331
739,360
38,690
768,817
778,050
Sienature

CIV( OF FAITH MINSSTRY
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
Notes to the Flnancial Statements
ACCOUNTING POLICIES
1.1 Accounting Convention
The accounts have been prep4red under the historical cost convention, and
in accordance with SORP 2 Accounting for Charities.
1.2 Exemption has been taken from preparing a cash flow statement on the grounds
thit the church is a small undertaking.
1.3 Incoming Resource5
Incoining Resource5 represents tithes, collections and donations
income due in the year.
1.4 Tangible Fixed Assets
The value of Fixtures & Fittings, musical instruments and Van capitalised are written off to expense at it5
life at a fixed rate depreciation
Fixtures
Premises
Premises C05t
516,080
Premises C05t addition
Fixtures C05t @ 01101119
Addition5 IAC & Musical instrumentsl
Sub total
Cum Deprec
Depret for year
NBV
118,593.00
3,850.00
122,443.00
117,910.00
683.00
3,850.00
516,080.00
516,080.00
Depreciation charge for the year
16831

CITY OF FAITH MINISTRY
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
Notes to the Flnancial Statements
Notes
2023
2023
2023
2022
GENERAL OFFERINGS
Tithe5 & Offerin8
Unrestricted Restricted
357,416
357,416
410.117
Total Income Received
357,416
410,117
OTHER INCOME
Gill Ald Payable
Unrestricted Restricted
18,616
18,616
49,214
Total Other Income
18.616
49,214
53
COST OF ACTIVITIES
Rent & Rates
Heat & Light
Premises Maintenallce
Insurance
Pastors Allowance
Honorarium, Evangelism & mission
Welfare & Charitable donations
Volunteering Allowance
Media Costs
Advertising & Publicity
Programme Cost
Book5
Travel Cost
Bank & Card Charges
Admin, Tel & Stationaries
Hedlth & Saftey
Legal & Professional
194,3801
145,2821
129,4211
12.4631
118,0001
165,7741
129,1251
194,3801
132,6431
134,0051
13,1091
121,7411
167,6671
132,5211
116,5431
15,4661
128.5931
12,2541
120,5491
15,0501
119,1701
11,1621
15001
1383,7321
116,9071
11.7651
129,8601
11401
125,9311
110,7791
125,7731
11,5021
11,1601
1399,8831
Depreciation charge for the year
16831
120,6981
5b
GOVERNANCE
Accountants fee
18501
11.7501

ciri OF FAITH MINISTRY
FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 DECEMBER 2023
INCOME AND EXPENDITURE 8Y BRANCH
BARKING
ENFIELD
TOTAL
6 Tithes & Offering
319.073
38,343
357,416
COST OF ACTIVITIES
Rent & Rates
Heat & Light
Premises Maintenance
Pastors Allowance
Honorarium, Evangelism & mission
Welfare & Charitable donatlOnS
Media Costs
Advertising & Publicitv
ProEriimme Cost
Insurance
Books
Travel C05t
Bank & Card Charges
Admin, Tel & Stationaries
Software
Health & Saftey
Le821 & Professional
TOTAL
175.0311
143,2111
125,4211
118,01)01
161,4541
129,1251
116,5431
15,4661
126,4381
11,9491
12,2541
118,3491
13,6781
116,5671
119,3491
12,0711
I4,￿0)
194,3801
145,2821
129.4211
118,0001
165,7741
129.1251
116,5431
15,4661
128,5931
12,4631
12,2541
120,5491
15,0501
119,1701
14,3201
12,1551
15131
12,2001
11,3721
12,6031
11,1621
15001
1345,1481
11,1621
15001
1383,7321
138,5841
NET SURPLUSIIDEFICITI
126,0751
12411
126,3161
Tanglble Fixed A55ets
Fixture5 &
Fittlngs
Premises
Instruments Audlo Vlsual
Equlpment
57,558
3850
Van
Total
Cost
Additions
516,080
23,091
37,944
634,673
Deprec
Rate
Bal B/1
Charge for VT
Bal clf
16%
22,408
683
23,091
19%
57,558
15%
37,944
33%
117,910
683
118,593
57,558
37,944
Net Book Value
2022
2023
516,080
516,080
683
508
3,850
1,863
519,134
519.930
io