REPORTS OF THE TRUSTEES AND
ST
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
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 & Associates

STRUCTURE, GOVERNANCE AND MANAGEMENT
Risk management
The trustees have a duty to identify and review the risks to which the church is
exposed and to ensure appropriate controls are in place to provide reasonable
assurance against fraud and error.
The trustees confirm that considerations have been given to the major 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 objectives of the church are:
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 Church continued its programme of reaching more people for God. The normal
activities of Sunday and weekday services 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 marriage ceremonies and christening of babies 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 also offered financial assistance to international faith organisations.

FINANCIAL REVIEW
Reserves policy
The Trustees acknowledge that it will require about £24,500 for three month's
operation without any income. The general resenie is more than the safety level, 3nd
this level is to be maintained. The Trustees by strategic planning are to maintain the
level of secured funds in the next 5 years by setting up a £12,500 reserve funds
account with the bank.
Operational income and expenditure
For the year under review, the church made a financial deficit of £12,885 against a
deficit of1£15,799 in 2023)
Total offerings, donations and other income received was £370,7491£376,032 in
20231 this was down from last year income.
Total operating cost was £383,635 (£391,831 in 2023) this was down from last year.
Trustees are of the opinion that for the foreseeable future, increased evangelism to
bigger audience from internet, phone apps, and tweeter, what's 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 Trustees 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 Trustees 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 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 in 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 2024,
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 43{21 of the Charities Act 1993 (the
Act) does not apply. It is my responsibility to state, on the basis of procedures
specified the General Directions given by the Charity Commissioners under section
43{71(b) of the Act, whether particular matter5 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 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 I do express an audit opinion on the view
given by the accounts.
INDEPENDENT EXAMINER'S STATEMENT:
In connection with my examination, no matter has come to my attention, which
gives me reasonable cause to believe, that any material respects the requirements
l. 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 complv
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 2024
INCOME AND EXPENDITURE
Notes
Unrestricted Restricted
20Z4
2023
Incoming Resources
Offerin8 & Donations
352.133
352,133
357,416
Investment Income
Other Income
18.616
18,616
18,616
Total Income Resources
370,749
376,032
Resources Expanded
Cost of Activities
(383.6351
1391,8311
Total Resources Expanded
1383,635)
{391,8311
Net Incoming / IOut80in81 Resources
112,885)
115,7991
Funds brou8ht forward 3111212023
762,251
778,050
Desl8nated funds utilised
Funds carried forward 3111212024
749,366
762,251
See notes on the followin8 pa8es for detailed analysis of income and expenditure
CONTINUING OPERATION
The Church operates in its new developed leased premises durin8 the year. The entire capital expenditure
apart from Fixtures & Fittings is written off in the income and expenditure account durin8 the year.
This years income 15 boosted from the receipt of 4 years 8ift aid payments approved and paid by the HMRC.
Covenant partners support of fixed monthly financial givings also accounted for the rise in income
The trustees express their sincere gratitude to the church and the covenant partners for their 8enerious 8ivings
that made thi5 possible.
TOTAL RECOGNISED GAINS AND DEFICITS
The church has no recognised gains or deficits other than the surplus for the current year
The notes form part of these accounts.

CITY OF FAITH MINISTRY
FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
BALANCE SHEET AS AT 31ST DECEMBER 2021
FIXED ASSETS
Note
2024
2023
Premises
Fixtures & Fittings
Investment
516,080
3.850
60,000
579,930
516,080
3,850
60,000
579,930
CURRENT ASSETS
Building funds & Savings
Debtors
Bank and cash in hand
14,073
153,875
2,338
170,286
16,573
164,260
2,338
183,171
CREDITORS..
Amounts falllng due within one year..
Trade Creditors
18501
18501
18501
18501
Net Current Asset51 ILiabilitiesl
169,436
182,321
CREDITORS..
Amounts falling due for more than one year
Loan
Total Assets less Liabilities
749,366
762,251
UNRESTRICTED FUNDS
brought forward
Surplus for the year
Designated funds
Total Funds
762,251
112,8851
778,050
115,7991
749,366
762,251
Signature

CITY OF FAITH MINISTRY
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
Notes to the Financial Statements
ACCOUNTING POLICIES
1.1 Accounting Convention
The account5 have been prepared under the historical cost convention, and
in accordance with SORP 2 Accounting for Charitie5.
1.2 Exemption has been taken from preparing a cash flow statement on the grounds
that the church is a small undertakin8.
1.3 Incoming Resources
Incomin8 Resources represents tithes, collections and donations
income due in the year.
1.4 Tan8ible Fixed Assets
The value of Fixtures & Fittin8s, musical instruments and Van capitalised are written off to expense at it5
life at a fixed rate depreciation
Fixtures
Premises
Premises Cost
Premises Cost addition
Fixture5 C05t @ 01101119
Additions IAC & Musical instruments)
Sub total
Cum Deprec
Deprec for year
NBV
516,080
122.443
122,443
118.593
516.080
3￿50
516,080
Depreciation charge for the year

CITY OF FAITH MINISTRY
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
Notes to the Financial Statements
Note5
2024
2024
2024
2023
GENERAL OFFERINGS
Tithes & Offering
Unrestricted Restricted
352,133
352,133
357.416
Total Income Received
352,133
357,416
OTHER INCOME
Gift Aid Payable
Unrestricted Restricted
18.616
18,616
18,616
Total Other Income
18,616
18,616
5a COST OF ACTIVITIES
Rent & Rates
Heat & Light
Premises Maintenance
Insurance
Pastors Allowance
Honorarium. Evangelism & mission
Welfare & Charitable donations
Volunteering Allowance
Media Costs
Advertisin8 & Publicity
Programme Cost
Books
Travel Cost
Bank & Card Charges
Admin, Tel & Stationaries
Health & Saftey
Legal & Professional
194,3801
146,3861
139,1391
12,4631
118,0001
154,5741
129,1251
194,380
145,282
143,2231
12,4631
118,0001
155,7741
129,1251
129,0051
15,5681
126,5931
{2,5541
110,4291
{5,OS31
117,7291
{1,2651
15211
{382,785}
129,3071
15,466
128,5931
12,2541
110.5491
15,0501
119,1701
11,1621
15001
1390,2981
Depreciation charge for the year
16831
5b
GOVERNANCE
Accountants fee
sc
{8501
18501

CITY OF FAITH MINISTRY
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
INCOME AND EXPENDITURE BY BRANCH
BARKING
ENFIELD
TOTAL
6 Tithes & Offering
314,085
38,048
352,133
COST OF ACTIVITIES
Rent & Rates
Heat & Light
Premises Maintenance
Pastors Allowance
Honorarium. Evangelism & mission
Welfare & Charitable donation5
Media Costs
Advertising & Publicity
Programme Cost
Insurance
Books
Travel Cost
Bank & Card Charges
Admin, Tel & Stationaries
Software
Health & Saftey
Legal & Professional
TOTAL
175,0311
144,2151
135.2841
118,0001
150,4541
129.1251
129,0051
15,5681
124.4381
11,9491
12,5541
18.2491
13,6811
115,5661
119,3491
12.1711
13,8551
194,3801
146,3861
139,1391
118,0001
154,5741
129,1251
129,0051
15,5681
126,5931
12,4631
12,5541
110,4291
15,0531
117,7291
14.1201
12,1551
15131
12,1801
11,3721
12,1631
11.2651
15211
1344.906)
11,2651
15211
(382,785)
(37.8791
NET SURPLUSIIDEFICIT)
130,821)
169
130,652)
Tanglble Flxed Assets
Flxtures &
Fittings
Premises
Instruments Audio Vlsual
Equipment
61,408
Van
Total
Cost
Additions
516,080
23,091
37,944
638,523
Deprec
Rate
Bal B/f
Charge for yr
Bal Clf
16%
23.091
19%
57,558
15%
37,944
33%
118,593
23,091
57,558
37,944
118,593
Net Book Value
2023
2024
516,080
516,080
508
3.850
1,863
519,134
519,930
io