**REGISTERED COMPANY NUMBER: 06917504 (England and Wales) REGISTERED CHARITY NUMBER: 1135339** **Report of the Trustees and** **Unaudited Financial Statements for the Year Ended 31 May 2021** **for** **Faith Up** Simon Hart FCCA Hart Wright Accounting Chartered Certified Accountants 24 Hall Drive Sutton In Craven Keighley North Yorkshire BD20 7NH **Faith Up** ## **Contents of the Financial Statements for the year ended 31 May 2021** |||**Page**|| |---|---|---|---| |**Report of the Trustees**|1|to|4| |**Independent Examiner's Report**||5|| |**Statement of Financial Activities**||6|| |**Balance Sheet**||7|| |**Notes to the Financial Statements**|8|to|12| |**Detailed Statement of Financial Activities**|13|to|14| **Faith Up** ## **Report of the Trustees for the year ended 31 May 2021** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 May 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES Objectives and aims** The Charity's aim is to promote Christian education and evangelism and help relieve poverty, suffering and distress and prevent disease among the people of the world. The grants made by the charity in the annual period reflect these objectives, in particular the promotion of Christian education and evangelism. Faith up has continued to give to charities, people and organisations involved with education, evangelism and wellbeing of those in the UK and abroad. This has increasingly focused on the wellbeing of those living in cities. 'City Vision' is the umbrella name under which a range of Faith Up initiatives, projects and partnerships, set up by one of the Faith Up trustees, has operated. City Vision has continued to gain momentum around the UK working with church leaders, civic leaders, charities, Christian ministries and organisations. It has been developing a body of sharable knowledge, facilitating connections between likeminded people in different cities. As a result of Covid, a considerable and increasing acceleration in activity occurred building up to the end of the period under review. Page 1 **Faith Up** ## **Report of the Trustees for the year ended 31 May 2021** ## **OBJECTIVES AND ACTIVITIES Significant activities** The charity has sharpened its focus in a number of areas: ## **Organisation Development Consultancy** During the period under consideration, the majority of the work undertaken by Faith Up (operating under the sub brand of City Vision), took on more of a consulting approach. Given the restrictions forced upon us by Covid much more time was spent with Christian leaders in different cities, in this country and abroad, and in the church, business, charities and local government exploring how, by working together, the greater well-being of their cities could be achieved. In short, Faith Up became far more strategic in its focus. ## **Charitable support for practical projects in Africa** Resulting from the founder trustee's mission trips to Malawi and Tanzania in 2017, the relationships formed and nurtured started to produce support in the form of school building and the provision of Christian literature for evangelistic purposes. ## **Digital Communication Platform** The prevailing conditions created by Covid led to the continued development of the digital communications platform into which considerable energy, time and cost already been committed. The platform is designed to enable church leaders within cities to work both together more effectively, and together with civic leaders more effectively, and with their peers in other cities more effectively. As stated in last year's report City Vision's vision is to integrate the disparate activities offered by churches enabling a coherent suite of services to be provided to the city. ## **Video Production and Video Communication Strategy** Given the founding trustees background and experience in video production, the year saw a much greater use of this medium. Given the success of the strategic workshops for the Bishop of Wakefield and church leaders in Wakefield, facilitated by Faith Up (under the guise of City Vision) these led to a major exercise for Christmas 2020. Working ways around a dozen church and charity leaders, including the Bishop, we project managed a significant Christmas project that gave rise to the following: - 65,000 Christmas cards being delivered to Wakefield households - 3 drive-in services at Wakefield rugby ground - A Songs of Praise video showing congregations the work that was being done collectively by the wider church in the city to help the poor and needy. - The creation of a special website - The lighting of the cathedral - The creation of special animations highlighting the meaning of Christmas communicated around the city by the use of two digital animation vans - The collection of presents for distribution at Pinderfields Hospital In the run-up to Easter further videos were made as we supported prayer walks around the city and the Real Love initiative undertaken by the Methodist Church in Wakefield. ## **Continued growth both nationally and internationally** City Vision has continued to grow in influence. Almost daily Zoom calls were undertaken with Christian leaders around the UK to develop stratergy as outlined above. The concept of the establishment of a grand central station knowledge base for all matters relating to the transformation of cities, under the guise of a possible Citiversity were pursued. The relationships established in earlier years through the visit of 12 church leaders to Brantford in Canada, with Sacramento based Presiudent of the Pocket Testament League, the Aberdeen based 'Thrive' initiative, the Dallas based Christian leadership organisation Global Advance all continued to be nurtured. Regular Zoom sessions were conducted within the City Vision community - Over 40 cv hosted prayer sessions - Regular online breakfast talks, afternoon Campfire sessions and specialist Acts4Finance talks - City Vision Governance Advisory meetings continued approximately every 6 weeks Page 2 **Faith Up** ## **Report of the Trustees for the year ended 31 May 2021** ## **OBJECTIVES AND ACTIVITIES** ## **Other relationships** Support for and with our partners at The Eternal Wall of Answered Prayer continued. This is a significant national initiative to build a one million brick / one million answered prayers database as a national monument to answered prayer. As a £12-14m project, a long view is being taken but City Vision is pleased to be associated with the project. ## **Specific Giving** Rooftop Ministries - Consulting fees of £16,500 - £2,500 Laptops ## **Giving** - £1,200 - Transform Our World - £250 Amanda Varty - gift for sharing her testimony - £1,000 Phil Thomas Transformational Leeds Matched funding campaign - £500 KLM Ministries ## **Governance Board** The Faith Up advisory board, under the guise of City Vision continued to meet approximately every 4-6 weeks. Dennis Pethers, the founder of The Rooftop ministry, continued as Chair. The board continued to enjoy the support of Andrew Rogers who previously ran the insurance division of HSBC in the Middle East, Celia Apeagyei-Collins, President of Rehoboth Ministries and Mike Brickley, previous President of the Silicon Valley Bank and President of the Pocket Testament League. ## **Staff** Naz Masih: Events and Relationships Manager Charis Dirdova: Videographer and Social Media Specialist. Sarah Feroz: Media Assistant (part time) ## **Offices** For the majority of the year, the Pandemic continued to dictate as and when we were able to meet face to face. Due to the various lockdowns and restrictions the team continued to work from home and at Unity Hall in the centre of Wakefield as and when it was safe to do so. ## **Public benefit** Education, ministry, encouragement and support for Christian purposes continue to be the aim of Faith Up. The branding of 'City Vision' has however been the presenting face for much of Faith Ups activities as the work becomes more and more focused on cities and wellbeing of those living in them. The foundation belief of City Vision is that the Christian God has the wellbeing of all people in a city in mind and wills their highest good whether they be of the Christian faith, other faiths or no faith. ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable activities** After 7 years of building the foundations for their work and an approximate 15,000 hours of applied thought, prayer, travel and activity, City Vision is starting to be recognised as a national peace building initiative aimed at bringing the love, peace and righteousness that is central to the Christian gospel, to city leaderships. Our work is one of reconciliation and facilitation, seeking to bring pulpit and marketplace, church leaders, church leader groups, with city civic leader groups and church leader groups together with those in other cities ## **FINANCIAL REVIEW** ## **Reserves policy** The Policy relates to our General Fund and includes our bank account .The Policy is to maintain general cash reserves, equivalent to at least twelve months average expenditure. The General Fund cash balances stood at £(834), (2020:£100,600) at the 31st May 2021. Twelve months average expenditure would be equivalent to approximately £100,000, based on 2021/22 budget Page 3 **Faith Up** ## **Report of the Trustees for the year ended 31 May 2021** ## **FUTURE PLANS** A notable feature of the year continued to be the development of the online social media business group to facilitate dialogue, education and encouragement via an intra-city and inter-city knowledge sharing network. During the year numerous presentations, workshops, Zoom calls and face to face meetings were held with visitors to City Vision at Unity Hall to advance mutual understanding, continue informal research and build relationships. ## **Coronavirus Pandemic** The Coronavirus Pandemic continued to create challenges for us all. Daily meetings continued to took place online and given the geography of our staff and the nature of our work, we were able to progress in a largely unhindered way. Three times a week 8.30-9.00am prayer meetings continued plus specialist prayer breakfasts and other specialist team meetings. ## **Financial Income** As in previous years Faith Up has been privately financed by the founders and has not actively sought financial support externally. Faith up has not needed to ask for Government financial support. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Registered Company number** 06917504 (England and Wales) ## **Registered Charity number** 1135339 ## **Registered office** The Coach House Heath Wakefield West Yorkshire WF1 5SL ## **Trustees** Mrs V Hodges A M Hodges ## **Independent Examiner** Simon Hart ACCA Simon Hart FCCA Hart Wright Accounting Chartered Certified Accountants 24 Hall Drive Sutton In Craven Keighley North Yorkshire BD20 7NH Approved by order of the board of trustees on 22 February 2022 and signed on its behalf by: A M Hodges - Trustee Page 4 **Independent Examiner's Report to the Trustees of Faith Up** ## **Independent examiner's report to the trustees of Faith Up ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 May 2021. ## **Responsibilities and basis of report** As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Simon Hart ACCA Simon Hart FCCA Hart Wright Accounting Chartered Certified Accountants 24 Hall Drive Sutton In Craven Keighley North Yorkshire BD20 7NH Date: ............................................. Page 5 ## **Faith Up** ## **Statement of Financial Activities** ## **for the year ended 31 May 2021** |2021
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
83,131
Other income
200
**Total**
83,331
**EXPENDITURE ON**
**Charitable activities**
3
Governance costs
108,409
Other
86,356
**Total**
194,765
**NET INCOME/(EXPENDITURE)**
(111,434)
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
110,600
**TOTAL FUNDS CARRIED FORWARD**
(834)|2020
Total
funds
£
76,799
385
77,184
13,360
252,589
265,949
(188,765)
299,365
110,600| |---|---| The notes form part of these financial statements Page 6 ## **Faith Up** ## **Balance Sheet** ## **31 May 2021** |2021
Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
8
384
**CURRENT ASSETS**
Debtors
9
295
Cash at bank
969
1,264
**CREDITORS**
Amounts falling due within one year
10
(2,482)
**NET CURRENT ASSETS/(LIABILITIES)**
(1,218)
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
(834)
**NET ASSETS**
(834)
**FUNDS**
12
Unrestricted funds
(834)
**TOTAL FUNDS**
(834)|2020
Total
funds
£
790
294
112,138
112,432
(2,622)
109,810
110,600
110,600
110,600
110,600| |---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2021. The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2021 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 22 February 2022 and were signed on its behalf by: A M Hodges - Trustee The notes form part of these financial statements Page 7 **Faith Up** ## **Notes to the Financial Statements for the year ended 31 May 2021** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings - 20% on cost ## **Related party exemption** The charitable company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Pension costs and other post-retirement benefits** The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. continued... Page 8 **Faith Up** ## **Notes to the Financial Statements - continued** ## **for the year ended 31 May 2021** ## **2. DONATIONS AND LEGACIES** |**DONATIONS AND LEGACIES**||| |---|---|---| |Gifts
Donations|2021
£
(1)
83,132
83,131|2020
£
-
76,799| |||76,799| ## **3. CHARITABLE ACTIVITIES COSTS** |**CHARITABLE ACTIVITIES COSTS**|| |---|---| ||Support| ||costs (see| ||note 4)| ||£| |Governance costs|108,409| ## **4. SUPPORT COSTS** |**SUPPORT COSTS**||| |---|---|---| |Management
£
Other resources expended
22,269
Governance costs
101,522
123,791|Information
Governance
Finance
technology
costs
£
£
£
360
-
-
56
628
6,203
416
628
6,203|Totals
£
22,629
108,409| |||131,038| ## **5. NET INCOME/(EXPENDITURE)** Net income/(expenditure) is stated after charging/(crediting): ||2021|2020| |---|---|---| ||£|£| |Accountancy|120|120| |Depreciation - owned assets|406|406| |Surplus on disposal of fixed assets|(200)|(385)| ## **6. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 May 2021 nor for the year ended 31 May 2020. ## **Trustees' expenses** V Hodges was reimbursed £374 for travel expenses incurred during the year. continued... Page 9 **Faith Up** ## **Notes to the Financial Statements - continued for the year ended 31 May 2021** ## **7. STAFF COSTS** The average monthly number of employees during the year was as follows: |Administration
No employees received emoluments in excess of £60,000.
**8.**
**TANGIBLE FIXED ASSETS**
**COST**
At 1 June 2020 and 31 May 2021
**DEPRECIATION**
At 1 June 2020
Charge for year
At 31 May 2021
**NET BOOK VALUE**
At 31 May 2021
At 31 May 2020
**9.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
**10.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Other creditors
Accrued expenses|2021
2
2021
£
295
2021
£
2
218
2,262
2,482|2020
2
Fixtures
and
fittings
£
2,824
2,034
406
2,440
384
790
2020
£
294
2020
£
-
360
2,262
2,622|2020
2
Fixtures
and
fittings
£
2,824
2,034
406
2,440
384
790
2020
£
294
2020
£
-
360
2,262
2,622| |---|---|---|---| ||||| ||||2,034
406| ||||2,440| ||||384| ||||790| ||||2020
£
294| ||||2020
£
-
360
2,262| ||||2,622| continued... Page 10 **Faith Up** ## **Notes to the Financial Statements - continued for the year ended 31 May 2021** ## **11. LEASING AGREEMENTS** Minimum lease payments under non-cancellable operating leases fall due as follows: ||2021|2020| |---|---|---| ||£|£| |Within one year|12,384|12,384| The organisation entered into a rental agreement with Unity Hall for two offices on a 1 year renewable contract . ## **12. MOVEMENT IN FUNDS** |**Unrestricted funds**
General fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.6.20
£
110,600
110,600
Incoming
resources
£
83,331
83,331
At 1.6.19
£
299,365
299,365|Net
movement
At
in funds
31.5.21
£
£
(111,434)
(834)
(111,434)
(834)
Resources
Movement
expended
in funds
£
£
(194,765)
(111,434)
(194,765)
(111,434)
Net
movement
At
in funds
31.5.20
£
£
(188,765)
110,600
(188,765)
110,600| |---|---|---| continued... Page 11 **Faith Up** ## **Notes to the Financial Statements - continued for the year ended 31 May 2021** ## **12. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: |Incoming
resources
£
**Unrestricted funds**
General fund
77,184
**TOTAL FUNDS**
77,184
A current year 12 months and prior year 12 months combined position is as follows:
At 1.6.19
£
**Unrestricted funds**
General fund
299,365
**TOTAL FUNDS**
299,365|Resources
Movement
expended
in funds
£
£
(265,949)
(188,765)
(265,949)
(188,765)
Net
movement
At
in funds
31.5.21
£
£
(300,199)
(834)
(300,199)
(834)| |---|---| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
160,515
160,515|Resources
Movement
expended
in funds
£
£
(460,714)
(300,199)
(460,714)
(300,199)| |---|---|---| ## **13. RELATED PARTY DISCLOSURES** Donations were made to City Vision, of which Anthony Hodges a Trustee, is also a director, of £1,733 during the year (PY: £15,720) Page 12 ## **Faith Up** |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Gifts
Donations
**Other income**
Gain on sale of tangible fixed assets
**Total incoming resources**
**EXPENDITURE**
**Other**
Donations
Travel
**Support costs**
**Management**
Wages
Pensions
Insurance
Telephone
Postage and stationery
Advertising
Room Hire
Consultancy
Computer costs
**Finance**
Sundries
Bank charges
**Information technology**
Repairs and renewals
**Governance costs**
Auditors' remuneration
Accountancy and legal fees
Fixtures and fittings|**Detailed Statement of Financial Activities**
**for the year ended 31 May 2021**|2021
£
(1)
83,132
83,131
200
83,331
47,135
16,592
63,727
60,925
3,768
1,620
333
9,540
7,342
12,729
20,366
7,168
123,791
407
9
416
628
120
5,677
406
6,203|2020
£
-
76,799| |---|---|---|---| ||||| ||||76,799
385| ||||77,184
74,384
45,888| ||||120,272
75,503
4,659
2,994
401
2,692
2,461
10,230
38,084
-| ||||137,024
908
32| ||||940
5,669
120
1,518
406| ||||2,044| This page does not form part of the statutory financial statements Page 13 **Faith Up** |Total resources expended
**Net expenditure**|**Detailed Statement of Financial Activities**
**for the year ended 31 May 2021**|2021
£
194,765
(111,434)|2020
£
265,949
(188,765)| |---|---|---|---| ||||| This page does not form part of the statutory financial statements Page 14