Charity number: 1145240
FAITHFUL CHRISTIAN MINISTRIES
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 December 2023
FAITHFUL CHRISTIAN MINISTRIES Contents Page For the year ended 31 December 2023
| 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 2023
The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 December 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 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
............................................................................. 22 July 2024 Mr Boniface Onwubiko
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FAITHFUL CHRISTIAN MINISTRIES Independent Examiners Report to the Trustees
For the year ended 31 December 2023
I report to the trustees on my examination of the accounts of the charity for the year ended 31 December 2023.
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:
-
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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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
22 July 2024
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FAITHFUL CHRISTIAN MINISTRIES Statement of Financial Activities For the year ended 31 December 2023
| 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 £ 24,670 1,057 25,727 (14,981) (14,981) 10,746 73,688 84,434 |
2022 £ 25,159 90 |
|---|---|---|
| 25,249 | ||
| (16,601) | ||
| (16,601) | ||
| 8,648 65,040 |
||
| 73,688 |
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FAITHFUL CHRISTIAN MINISTRIES Statement of Financial Position As at 31 December 2023
| Notes Fixed assets Tangible assets 9 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 10 Net current assets Total assets less current liabilities Net assets The funds of the charity Unrestricted income funds 11 Total funds |
£ 2023 1,799 1,799 83,785 83,785 (1,150) 82,635 84,434 84,434 84,434 84,434 |
£ 2022 2,399 |
|---|---|---|
| 2,399 | ||
| 72,439 | ||
| 72,439 | ||
| (1,150) 71,289 |
||
| 73,688 | ||
| 73,688 | ||
| 73,688 | ||
| 73,688 |
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Mr Boniface Onwubiko Trustee 22 July 2024
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FAITHFUL CHRISTIAN MINISTRIES Notes to the Financial Statements
For the year ended 31 December 2023
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 |
2023 £ 24,670 24,670 2023 £ 1,057 1,057 2023 £ 14,981 |
2022 £ 25,159 |
|---|---|---|
| 25,159 | ||
| 2022 £ 90 |
||
| 90 | ||
| 2022 £ 16,601 |
3. Investment income
4. Costs of charitable activities by fund type
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FAITHFUL CHRISTIAN MINISTRIES Notes to the Financial Statements Continued
For the year ended 31 December 2023
5. Costs of charitable activities by activity type
| Activities undertaken directly Evangelism et income/(expenditure) for the year This is stated after charging/(crediting): Depreciation of owned fixed assets taff costs and emoluments Staff |
2023 £ 14,981 2023 £ 600 2023 0 0 |
2022 £ 16,601 2022 £ 800 |
|---|---|---|
| 2022 0 |
||
| 0 |
6. Net income/(expenditure) for the year
7. Staff costs and emoluments
8. Comparative for the Statement of Financial Activities
The comparative year values on the Statement of Financial Activites are for unrestricted funds.
9. Tangible fixed assets
| Cost or valuation At 01 January 2023 At 31 December 2023 Depreciation At 01 January 2023 Charge for year At 31 December 2023 Net book values At 31 December 2023 At 31 December 2022 |
Fixtures and Fittings £ 5,057 5,057 3,484 393 3,877 1,180 1,573 |
Computer Equipment £ 14,897 14,897 14,071 207 14,278 619 826 |
Total £ 19,954 |
|---|---|---|---|
| 19,954 | |||
| 17,555 600 |
|||
| 18,155 | |||
| 1,799 | |||
| 2,399 |
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FAITHFUL CHRISTIAN MINISTRIES Notes to the Financial Statements Continued
For the year ended 31 December 2023
10. Creditors: amounts falling due within one year
| Accruals and deferred income | 2023 £ 1,150 1,150 |
2022 £ 1,150 |
|---|---|---|
| 1,150 |
11. Movement in funds
Unrestricted Funds
| General General Unrestricted Funds - Previous year General General |
Balance at 01/01/2023 £ 73,688 73,688 Balance at 01/01/2022 £ 65,040 65,040 |
Incoming resources £ 25,727 25,727 Incoming resources £ 25,249 25,249 |
Outgoing resources £ (14,981) (14,981) Outgoing resources £ (16,601) (16,601) |
Balance at 31/12/2023 £ 84,434 |
|---|---|---|---|---|
| 84,434 | ||||
| Balance at 31/12/2022 £ 73,688 |
||||
| 73,688 |
Purpose of unrestricted Funds
General
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
12. Analysis of net assets between funds
| Unrestricted funds General General |
Tangible fixed assets Net current assets / (liabilities) Net Assets £ £ £ 1,799 82,635 84,434 |
|---|---|
| 1,799 82,635 84,434 |
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FAITHFUL CHRISTIAN MINISTRIES Notes to the Financial Statements Continued
For the year ended 31 December 2023
Previous year
| Previous year | |
|---|---|
| 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 |
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FAITHFUL CHRISTIAN MINISTRIES Detailed Statement of Financial Activities For the year ended 31 December 2023
| INCOME AND ENDOWMENT Donations and legacies Donations Gift Aid Claim Investments Bank interest receivable Total incoming resources EXPENDITURE Charitable activities Depreciation - owned assets Repair & Maintenance Welfare & Hospitality Volunteer Expenses Donation to Charities PPS Rent & Rates Telephone Accountancy Fees Sundries Refreshments, Food & Catering Bank Charges Evangelism and Mission Internet and Website Cost Software Cost Travel & Motor Expenses Subscription Cleaning Total resources expended Net Income |
£ 2023 20,839 3,831 24,670 1,057 1,057 25,727 (600) - (550) (150) (50) (200) (10,000) (316) (1,150) - (308) (135) (924) (137) (135) - (176) (150) (14,981) (14,981) 10,746 |
£ 2022 21,742 3,417 |
|---|---|---|
| 25,159 90 |
||
| 90 | ||
| 25,249 (800) (237) - (450) - (110) (8,000) (283) (1,150) (60) (557) (148) (3,505) (1,135) (136) (30) - - |
||
| (16,601) | ||
| (16,601) | ||
| 8,648 |
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This page does not form part of the statutory financial statements