Charity number: 1145240 ## FAITHFUL CHRISTIAN MINISTRIES Report of the Trustees and Unaudited Financial Statements For the year ended 31 December 2022 FAITHFUL CHRISTIAN MINISTRIES Contents Page For the year ended 31 December 2022 |Report of the Trustees|1| |---|---| |Independent Examiner's Report to the Trustees|2| |Statement of Financial Activities|3| |Statement of Financial Position|4| |Notes to the Financial Statements|5 to 8| |Detailed Statement of Financial Activities|9| FAITHFUL CHRISTIAN MINISTRIES Report of the Trustees For the year ended 31 December 2022 The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 December 2022. 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 the Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'. ## **REFERENCE AND ADMINISTRATIVE INFORMATION** **Name of Charity** FAITHFUL CHRISTIAN MINISTRIES **Charity registration number** 1145240 **Principal address** 1 ASHLEIGH ROAD ANERLEY LONDON SE20 7YW ## **Trustees** The trustees and officers serving during the year and since the year end were as follows: Miss Happiness Brown Mr Boniface Onwubiko Mr Jackson Okechukwu Udoye Mrs Pastor Priscilla Onwubiko Ms Stella Akara **Independent examiner** CHRIS ATKINS SERVICES ONE LIMITED OFFICE 310, ACCESS SELF STORAGE UNIT 1, MERIDIAN TRADING ESTATE 20, BUGBY'S WAY LONDON SE7 7SF Approved by the Board of Trustees and signed on its behalf by ............................................................................. 07 June 2023 Mr Boniface Onwubiko 1 of 9 ## FAITHFUL CHRISTIAN MINISTRIES Independent Examiners Report to the Trustees For the year ended 31 December 2022 I report to the trustees on my examination of the accounts of the charity for the year ended 31 December 2022. ## **Responsibilities and basis of report** As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act'). I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiners 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 that in any material respect: 1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or 2. the accounts do not accord with those records; or 3. the accounts do 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 this report in order to enable a proper understanding of the accounts to be reached. CHRIS ATKINS SERVICES ONE LIMITED OFFICE 310, ACCESS SELF STORAGE UNIT 1, MERIDIAN TRADING ESTATE 20, BUGBY'S WAY LONDON SE7 7SF 07 June 2023 2 of 9 ## FAITHFUL CHRISTIAN MINISTRIES Statement of Financial Activities ## For the year ended 31 December 2022 |**Notes**
**Income and endowments from:**
Donations and legacies
2
Investments
3
**Total**
**Expenditure on:**
Charitable activities
4/5
**Total**
**Net income**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**£**
25,159
90
**25,249**
(16,601)
**(16,601)**
**8,648**
65,040
**73,688**|**2021**
**£**
23,019
4| |---|---|---| |||**23,023**| |||(12,293)| |||**(12,293)**| |||**10,730**
54,310| |||**65,040**| 3 of 9 ## FAITHFUL CHRISTIAN MINISTRIES Statement of Financial Position As at 31 December 2022 |**Notes**
**Fixed assets**
Tangible assets
8
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling due within one year**
9
**Net current assets**
**Total assets less current liabilities**
**Net assets**
**The funds of the charity**
Unrestricted income funds
10
**Total funds**|**£**
**2022**
2,399
**2,399**
72,439
**72,439**
(1,150)
**71,289**
**73,688**
**73,688**
73,688
**73,688**|**£**
**2021**
3,200| |---|---|---| |||**3,200**| |||62,815| |||**62,815**| |||(975)
**61,840**| |||**65,040**| |||**65,040**| |||65,040| |||**65,040**| The financial statements were approved and authorised for issue by the Board and signed on its behalf by: Mr Boniface Onwubiko Trustee 07 June 2023 4 of 9 ## FAITHFUL CHRISTIAN MINISTRIES Notes to the Financial Statements For the year ended 31 December 2022 ## **1. Accounting Policies** ## **Basis of accounting** The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and 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 (FRS 102), and the Charities Act 2011. FAITHFUL CHRISTIAN MINISTRIES meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). ## **Tangible fixed assets** Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |Computer Equipment|25% Reducing balance| |---|---| |Fixtures and Fittings|25% Reducing balance| ## **2. Income from donations and legacies** |**Unrestricted funds**
Donations received
**nvestment income**
**Unrestricted funds**
Bank interest receivable
**osts of charitable activities by fund type**
**Unrestricted funds**
Evangelism|**2022**
**£**
25,159
**25,159**
**2022**
**£**
90
**90**
**2022**
**£**
16,601|**2021**
**£**
23,019| |---|---|---| |||**23,019**| |||**2021**
**£**
4| |||**4**| |||**2021**
**£**
12,293| ## **3. Investment income** ## **4. Costs of charitable activities by fund type** 5 of 9 ## FAITHFUL CHRISTIAN MINISTRIES Notes to the Financial Statements Continued ## For the year ended 31 December 2022 ## **5. Costs of charitable activities by activity type** ||**2022**|**2021**| |---|---|---| ||**£**|**£**| |**Activities undertaken directly**||| |Evangelism|16,601|12,293| |**et income/(expenditure) for the year**||| |This is stated after charging/(crediting):||| ||**2022**|**2021**| ||**£**|**£**| |Depreciation of owned fixed assets|800|1,067| ## **6. Net income/(expenditure) for the year** ## **7. Comparative for the Statement of Financial Activities** The comparative year values on the Statement of Financial Activites are for unrestricted funds. ## **8. Tangible fixed assets** |**Cost or valuation**
At 01 January 2022
At 31 December 2022
**Depreciation**
At 01 January 2022
Charge for year
At 31 December 2022
**Net book values**
At 31 December 2022
At 31 December 2021|**Fixtures and**
**Fittings**
**£**
5,057
**5,057**
2,959
525
**3,484**
**1,573**
**2,098**|**Computer**
**Equipment**
**£**
14,897
**14,897**
13,795
276
**14,071**
**826**
**1,102**|**Total**
**£**
19,954| |---|---|---|---| ||||**19,954**| ||||16,754
801| ||||**17,555**| ||||**2,399**| ||||**3,200**| ## **9. Creditors: amounts falling due within one year** Accruals and deferred income |**2022**
**£**
1,150
**1,150**|**2021**
**£**
975| |---|---| ||**975**| 6 of 9 FAITHFUL CHRISTIAN MINISTRIES Notes to the Financial Statements Continued For the year ended 31 December 2022 ## **10. Movement in funds** ## **Unrestricted Funds** |**Unrestricted Funds**||||| |---|---|---|---|---| ||**Balance at**|**Incoming**|**Outgoing**|**Balance at**| ||**01/01/2022**|**resources**|**resources**|**31/12/2022**| ||**£**|**£**|**£**|**£**| |_General_||||| |General|65,040|25,249|(16,601)|73,688| ||**65,040**|**25,249**|**(16,601)**|**73,688**| |**Unrestricted Funds - Previous year**||||| ||**Balance at**|**Incoming**|**Outgoing**|**Balance at**| ||**01/01/2021**|**resources**|**resources**|**31/12/2021**| ||**£**|**£**|**£**|**£**| |_General_||||| |General|54,310|23,023|(12,293)|65,040| ||**54,310**|**23,023**|**(12,293)**|**65,040**| ## **Purpose of unrestricted Funds** ## General Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. ## **11. Analysis of net assets between funds** |**Unrestricted funds**
_General_
General|**Tangible**
**fixed assets**
**Net current**
**assets /**
**(liabilities)**
**Net Assets**
**£**
**£**
**£**
2,399
71,289
73,688| |---|---| ||**2,399**
**71,289**
**73,688**| 7 of 9 FAITHFUL CHRISTIAN MINISTRIES Notes to the Financial Statements Continued For the year ended 31 December 2022 ## **Previous year** ||**Tangible**|**Net current**|**Net Assets**| |---|---|---|---| ||**fixed assets**|**assets /**|| |||**(liabilities)**|| ||**£**|**£**|**£**| |**Unrestricted funds**|||| |_General_|||| |General|3,200|61,840|65,040| ||**3,200**|**61,840**|**65,040**| 8 of 9 ## FAITHFUL CHRISTIAN MINISTRIES Detailed Statement of Financial Activities For the year ended 31 December 2022 ||**2022**|**2021**| |---|---|---| ||**£**|**£**| |**INCOME AND ENDOWMENT**||| |**Donations and legacies**||| |Donations|25,159|23,019| ||**25,159**|**23,019**| |**Investments**||| |Bank interest receivable|90|4| ||**90**|**4**| |**Total incoming resources**|**25,249**|**23,023**| |**EXPENDITURE**||| |**Charitable activities**||| |Cost of direct charitable activity|(16,601)|(12,293)| ||**(16,601)**|**(12,293)**| |**Total resources expended**|**(16,601)**|**(12,293)**| |**Net Income**|**8,648**|**10,730**| 9 of 9 This page does not form part of the statutory financial statements