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 2023
for
Faith Up
Simon Hart FCCA Hart Wright Accounting Chartered Certified Accountants
24 Hall Drive Sutton In Craven North Yorkshire BD20 7NH
Faith Up
Contents of the Financial Statements for the year ended 31 May 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 5 |
| Independent Examiner's Report | 6 | ||
| Statement of Financial Activities | 7 | ||
| Balance Sheet | 8 | ||
| Notes to the Financial Statements | 9 | to | 11 |
| Detailed Statement of Financial Activities | 12 |
Faith Up
Report of the Trustees for the year ended 31 May 2023
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 2023. 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 Christian education, evangelism and wellbeing of those in the UK and abroad. There has been a significant focus on city transformation for the good and 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 and in Africa working with church leaders, civic leaders, charities, Christian ministries and organisations. It has been developing a body of sharable knowledge and facilitating connections between likeminded people in different cities.
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Faith Up
Report of the Trustees for the year ended 31 May 2023
OBJECTIVES AND ACTIVITIES Significant activities
The last year has been another year of progress for the charity.
Development of our Organisation Development Consultancy
As with previous years, the majority of the work undertaken by Faith Up operated under the sub brand of City Vision. Much time was again spent with Christian leaders in different cities, in this country and abroad, and in the church, business, charities and local government sectors. We have developed a consulting model for change that educates church leaders about ways in which they can work together more coherently as one body for the benefit of the city in which they are based. Faith Up continued to develop its strategic focus.
Areas of Activity
Our main areas of activity continue to be focussed on:
a) Continued development of the digital platform for co-learning and leader to leader collaboration
b) Church education and communications via video
c) Ongoing development sessions with Christian leaders on a regular basis in person and via zoom d)The growth of our work with church leaders in Africa
e) Conferences
Projects in Africa
We have continued to expand our work into Africa, especially in Uganda using the zoom medium to beam preaching and teaching from the UK to that country.
Digital Communication Platform
As with last year, development of the digital communications platform continued. The platform is designed to enable Christian leaders in cities to work with each other preparing to work together with civic leaders more effectively and with peers in other cities. As stated in previous year's City Vision reports, our vision is to integrate the disparate activities offered by churches in cities to enable a more coherent suite of services to be provided to each city by the church.
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 strategy as outlined above. Thinking around the concept of a grand central station knowledge base for all matters relating to the transformation of cities has continued as part of the development of the digital platform. The model established in earlier years through organising the visit of church leaders to Brantford in Canada continued with a dozen church leaders from the UK participating in a weekend study tour to Amsterdam to meet church leaders there and learn about transformational work taking place in Holland.
Regular Zoom sessions were conducted within the City Vision community.
Morning prayer sessions continued regularly through the year three times a week hosted by invite facilitators. City Vision Governance Advisory meetings continued approximately every 6 weeks
Conferences
Tony Hodges, our founder, spoke at the following Christian conferences through the year.
Unique Women Retreat Conference - 1-3 July 2022 in London: the conference was well attended by Christian leaders across the UK.
Portsmouth leaders' evening in Portsmouth - 11 May 2023
Tony spoke at the first Portsmouth Lord Mayor's Prayer Breakfast on 12 May 2023, around 100 people came, this was arranged by Daniel Harman (a member of the CV and at whose church we did the annual prayer conference last year)
Workshops
A real engine of progress for Faith Up (City Vision) has been its continuing work with Christian leaders in Wakefield by means of facilitated workshops led by the founder and other City Vision team leaders. The Bishop of Wakefield and another 10 church and ministry leaders have attended over 40 workshops now on a regular basis. These workshops have become the epicentre of the learning culture City Vision is seeking to develop in Wakefield and other cities.
Video Production and Video Communication Strategy
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Faith Up
Report of the Trustees for the year ended 31 May 2023
OBJECTIVES AND ACTIVITIES
The year again saw extensive use of the video 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 joint Easter and Christmas projects including the launch of a prayer app in the city.
In order to keep our CV community updated on the various activities we produce regular update videos.
11 x CV Update videos (Oct 2022 - May 2023) Interview with Phil Hardwick (Prayer App)(May 2023) 2 x 'How to' videos for Pray Every Street (March 2023) Highlights video of launch event for Pray Every Street (March 2023) Promo video for Pray Every Street 2023 (March 2023) Christmas Hope event highlights (Dec 2022) Highlights video of City Vision mini summit FLC gathering in London (Dec 2022) Promo video for KLM (July 2022) Prayer walking 2022 celebration video (June 2022) Vision Wakefield update video (May 2022)
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. City Vision gives occasional consultancy support and advice on a pro bono basis.
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. In addition, our founder was appointed as the Chair of Wakefield BID (Business Improvement District). For him this proved to be a learning ground to better understand how the city works in preparation of bringing the combined church in Wakefield together with other significant stakeholders in the city.
Giving
Unique Women £1,500; Salvation Army £670, Other £1,285
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
People employed by Faith Up:
Naz Masih: Operations Lead Charis Dirdova: Media Lead Annemarie Visoinau-Kanatas: Strategic Lead (part time) Anna Spreckley: Communications Specialist (part time) Sarah Feroz: Junior Media Assistant (part time
ACHIEVEMENT AND PERFORMANCE
Charitable activities
City Vision continues 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 together with civic leaders.
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Faith Up
Report of the Trustees for the year ended 31 May 2023
ACHIEVEMENT AND PERFORMANCE June 2022 - May 2023 Significant activities:
Event
Regular: Facilitators Learning Community (FLC) Workshops Regular: Vision Wakefield (VW) Workshops Regular: Three times a week hosted morning prayer sessions Regular: City Vision Governance Advisory Group zoom calls Regular: Weekly services with Pastor Elijah in Uganda Regular: Platform developers, frequent meetings about development Countless zoom meetings with various leaders throughout the year Other: Vision Wakefield: Awayday at Heath hall 23/5/23 AMH: Speaking engagement, first Portsmouth Lord Mayor's Prayer Breakfast 12/5/23 AMH: Speaking engagement, Portsmouth leaders (eve) 11/5/23 Gather Leadership Lunch (at Heath Hall) 4/5/23 VW: Bishop's breakfast, Wakefield Cathedral 28/04/23 CV: 3 Cities lunch (Leeds, Sheffield & Wakefield) 21/4/23 AMH: Speaking engagement at Houses of Commons 19/4/23 AMH: Parliamentary dinner (org. by David Lloyd) 17/3/23 VW: Bishop's breakfast, Wakefield Cathedral 11/01/23 VW: Bishop's breakfast, Wakefield Cathedral 15/12/22 CV: Chilli evening at Heath Hall (guest, Mike Brickley) 9/12/22 VW: Christmas Hope event (Treacy Hall) 3/12/22 Uganda: 3-day conference 23-25 / 11/22 VW: Awayday at Heath Hall 7/11/22 VW: Bishop's breakfast, Wakefield Cathedral 19/7/22 City Vision Amsterdam Study Tour 1-4 /9/22 VW: Bishop's breakfast, Wakefield Cathedral 12/7/22 CV Online breakfast, speaker: Dennis Pethers 8/7/22 National Parliamentary breakfast live stream 5/7/22 AMH: Speaking engagement OBA Retreat event 1st, 2nd & 3rd /7/22 VW: Bishop's breakfast, Wakefield Cathedral 23/6/22 Gather event in Manchester 21st and 22nd /6/22 CIB networking event in Leeds 16/6/22 VW: Celebratory lunch (Prayer Every Street Initiative) 6/6/22
FINANCIAL REVIEW
Principal funding sources
As in previous years Faith Up has been privately financed by the founders and has not actively sought financial support externally.
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 £6,865, (2022 £39,143) at the 31st May 2023. Twelve months average expenditure would be equivalent to approximately £90,000, based on 2023/24 budget
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.
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.
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Faith Up
Report of the Trustees for the year ended 31 May 2023
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 Simon Hart FCCA Hart Wright Accounting Chartered Certified Accountants 24 Hall Drive Sutton In Craven North Yorkshire BD20 7NH
Approved by order of the board of trustees on 26 February 2024 and signed on its behalf by:
A M Hodges - Trustee
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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 2023.
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:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
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
Simon Hart FCCA Hart Wright Accounting Chartered Certified Accountants 24 Hall Drive Sutton In Craven North Yorkshire BD20 7NH
Date: .............................................
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Faith Up
Statement of Financial Activities
for the year ended 31 May 2023
| 2023 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 161,927 EXPENDITURE ON Charitable activities Governance costs 163,590 Other 33,117 Total 196,707 NET INCOME/(EXPENDITURE) (34,780) RECONCILIATION OF FUNDS Total funds brought forward 36,957 TOTAL FUNDS CARRIED FORWARD 2,177 |
2022 Total funds £ 231,976 114,016 80,169 194,185 37,791 (834) 36,957 |
|---|---|
The notes form part of these financial statements
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Faith Up
Balance Sheet
31 May 2023
| 2023 Unrestricted fund Notes £ CURRENT ASSETS Debtors 8 295 Cash at bank 6,866 7,161 CREDITORS Amounts falling due within one year 9 (4,984) NET CURRENT ASSETS 2,177 TOTAL ASSETS LESS CURRENT LIABILITIES 2,177 NET ASSETS 2,177 FUNDS Unrestricted funds 2,177 TOTAL FUNDS 2,177 |
2022 Total funds £ 295 39,143 39,438 (2,481) 36,957 36,957 36,957 36,957 36,957 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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 26 February 2024 and were signed on its behalf by:
A M Hodges - Trustee
The notes form part of these financial statements
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Faith Up
Notes to the Financial Statements for the year ended 31 May 2023
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...
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Faith Up
Notes to the Financial Statements - continued
for the year ended 31 May 2023
2. DONATIONS AND LEGACIES
| DONATIONS AND LEGACIES | ||
|---|---|---|
| Gifts Donations |
2023 £ 1 161,926 161,927 |
2022 £ 1 231,975 |
| 231,976 |
3. SUPPORT COSTS
| SUPPORT COSTS | ||
|---|---|---|
| Management £ Other resources expended 16,282 Governance costs 159,385 175,667 |
Governance Finance costs £ £ - - 35 4,170 35 4,170 |
Totals £ 16,282 163,590 |
| 179,872 |
4. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Accountancy | 120 | 120 |
| Depreciation - owned assets | - | 384 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 May 2023 nor for the year ended 31 May 2022.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 2023 | 2022 | |
|---|---|---|
| Administration | 4 | 2 |
No employees received emoluments in excess of £60,000.
continued...
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Faith Up
Notes to the Financial Statements - continued
for the year ended 31 May 2023
7. TANGIBLE FIXED ASSETS
| 7. | TANGIBLE FIXED ASSETS | ||
|---|---|---|---|
| Fixtures | |||
| and | |||
| fittings | |||
| £ | |||
| COST | |||
| At 1 June 2022 and 31 May 2023 | 2,824 | ||
| DEPRECIATION | |||
| At 1 June 2022 and 31 May 2023 | 2,824 | ||
| NET BOOK VALUE | |||
| At 31 May 2023 | - | ||
| At 31 May 2022 | - | ||
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Other debtors | 295 | 295 | |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Trade creditors | - | 1 | |
| Other creditors | 74 | 218 | |
| Accrued expenses | 4,910 | 2,262 | |
| 4,984 | 2,481 | ||
| 10. | LEASING AGREEMENTS | ||
| Minimum lease payments under non-cancellable operating leases fall due as follows: | |||
| 2023 | 2022 | ||
| £ | £ | ||
| 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 .
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 May 2023.
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Faith Up
Detailed Statement of Financial Activities for the year ended 31 May 2023
| INCOME AND ENDOWMENTS Donations and legacies Gifts Donations Total incoming resources EXPENDITURE Other Donations Travel Support costs Management Wages Pensions Insurance Postage and stationery Advertising Room Hire Consultancy Computer costs Finance Bank charges Governance costs Auditors' remuneration Accountancy and legal fees Fixtures and fittings Total resources expended Net (expenditure)/income |
2023 £ 1 161,926 161,927 161,927 3,465 13,370 16,835 105,189 7,142 2,040 4,538 1,474 10,270 26,534 18,480 175,667 35 120 4,050 - 4,170 196,707 (34,780) |
2022 £ 1 231,975 |
|---|---|---|
| 231,976 | ||
| 231,976 26,010 21,149 |
||
| 47,159 73,908 4,404 1,610 5,481 14,423 14,924 14,177 10,763 |
||
| 139,690 32 120 6,800 384 |
||
| 7,304 | ||
| 194,185 | ||
| 37,791 |
This page does not form part of the statutory financial statements
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