2025-03-31-accounts - Faith Revival Assembly

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

FAITH REVIVAL ASSEMBLY 96 GUILDFORD ROAD CROYDON CR0 2HJ

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

JSA & ASSOCIATES QUALIFIED ACCOUNTANTS CHALLENGE HOUSE 616 MITCHAM ROAD

CROYDON CR0 3AA

FAITH REVIVAL ASSEMBLY

CONTENTS	PAGE
Legal and administrative information	2
Trustees report	3-4
Independent Accountant's report	5
Statement of Financial Activities	6-7
Notes forming part of the financial statements	8-10

FAITH REVIVAL ASSEMBLY

TRUSTEES:

Mrs. Patience Akuffo Rev. Dr. Samuel Ghann Rev. Dr. James Hansen-Sackey SECRETARY: Mrs Sandra Annan TREASURER: Mrs Patience Akuffo Organisation ADDRESS: 96 Guildford Road Croydon CR0 2HJ BANKERS: Barclays Bank Plc Croydon Independent Accountants JSA & ASSOCIATES Accountants Challenge House 616 Mitcham Road CR0 3AA

FAITH REVIVAL ASSEMBLY TRUSTEES' REPORT

The trustees have pleasure in submitting their report and accounts for the period ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out on Page 8, and comply with the Statement of Recommended Practice and applicable law.

Constitution, Objectives of the Organisation, Principal Activities and Organisation o

The Church is constituted under a trust deed and has charity status.

The objectives of the Church as set out in the Declaration of Trust are:

a) The advancement of the Christian Faith in the United Kingdom and abroad.

b) The relief of persons who are in condition of need, hardship or distress in the United Kingdom or abroad.

The principal activities of the church are Christian worship and involvement of various ministries and ministers of religion to propagate Christian tenets, relief of poverty, provision of overseas aid and assistance to victims of famine.

The church is involved in Christian programs, these are designed to increase Christian awareness and the spread of the gospel of our Lord Jesus Christ.

Future Developments

The Church will continue to focus its activities to meet the objectives of the Trust.

Review of financial position

The net incoming resources for the period amounted to £56,901

FAITH REVIVAL ASSEMBLY TRUSTEES' REPORT (continued)

Statement of Trustees' Responsibilities

The Charities Act 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 Organisation and of the surplus or deficit of the organisation for that period. In preparing those financial statements, the trustees are requested to:

Select suitable accounting policies and then apply them consistently;
Make judgements and estimates that are reasonable and prudent;
State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements;
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Organisation will continue in operation.

The Trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the Organisation and to enable them to ensure that the financial statements comply with the Charities Act. They are also responsible for safeguarding the assets of the Organisation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Accountants

The accountants, Messrs. JSA & Associates, have expressed their willingness to stay in office.

Approval

This report was approved by the board of trustees and signed on its behalf by:

Mrs Patience Akuffo Dated: 21 January 2026

INDEPENDENT ACCOUNTANTS' REPORT TO THE TRUSTEES OF FAITH REVIVAL ASSEMBLY

We examined the financial statement of Faith Revival Assembly

for the year ended 31 March 2025 set out on pages 6 to 10. These financial statements have been prepared under the Historical Cost Convention and the accounting policies set out on page 8.

Respective Responsibilities of Trustees and Independent Accountants

The Trustees responsibilities for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards are set out in the Statement of Trustees responsibilities on page 3.

We have been appointed as independent accountants under Section 43 of the Charities Act 1993 and report in accordance with regulations made under Section 44 of that Act.

Our responsibility is to examine the financial statements in accordance with relevant regulatory requirements and under United Kingdom Accounting Standards.

We read other information contained in the Trustees’ Report and Financial Statements, and considered that it is consistent with the examined financial statements.

JSA & ASSOCIATES

Accountants Challenge House 616 Mitcham Road CR0 3AA

Dated : 21 January 2026

FAITH REVIVAL ASSEMBLY STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR ENDED 31 MARCH 2025

Notes Incoming Resources 1.1 Tithes and Offering Other income (Good to give) Interest received Total Incoming Resources Resources Expended Cost of generating funds Cost of Activities in furtherance of objectives 2 Charitable Expenditure Management & Administration 3 Total resource expended Net Movement in funds for the year Total funds brought forward Total funds carried forward	Unrestricted Restricted 2025 2024 Funds Funds £ £ £ £ 144,148 - 144,148 96,545 11,506 - 11,506 7,867 527 - 527 -
	156,181 - 156,181 104,412
	66,546 - 66,546 72,425 32,734 - 32,734 31,364
	99,280 - 99,280 103,789
	56,901 - 56,901 623 66,579 - 66,579 65,956
	123,480 - 123,480 66,579

There were no recognised gains or losses for the period other than those included in the Statement of Financial Activities

The notes on page 8 to 10 form part of these financial statements.

FAITH REVIVAL ASSEMBLY BALANCE SHEET AS AT 31 MARCH 2025

Notes Fixed Assets Tangible Assets Current Assets Cash at bank and in hand Current Liabilities Amounts falling due within one year Net Current Assets Total Net Assets Funds Unrestricted Funds Restricted Funds Reserves	2025 £ £ 1,080 120,361 756 119,605 120,685 120,361 - 324 120,685	2025 £ £ 1,080 120,361 756 119,605 120,685 120,361 - 324 120,685	2024 £ £ 1,345 66,579 2,040 64,539 65,884 66,579 - (695) 65,884	2024 £ £ 1,345 66,579 2,040 64,539 65,884 66,579 - (695) 65,884

		120,685		65,884
		120,361 - 324		66,579 - (695)
		120,685		65,884

FAITH REVIVAL ASSEMBLY NOTES TO THE FINANCIAL STATEMENT (continued) FOR YEAR ENDED 31 MARCH 2025

Accounting Policies

1. Basis of preparation of accounts

The accounts are prepared under the historical cost convention and include the results of the Organisation's operations which are described in the Trustees' Report and all of which are continuing.

The accounts have been prepared in accordance with the Statement of Recommended Practice for Charity Accounts and the Charities Act 2011.

The Organisation has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirement to produce a cashflow statement on the grounds that it qualifies as a small Organisation.

1.1 Incoming Resources

Tithes and Offering

Income from tithes and offering, is included in incoming resources when these are receivable.

Other Income

Other Income comprises income from welfare donations & other donations, it also include gift aid, these are all deemed as unrestricted funds.

1.2 Tangible Fixed Assets for use by the Organisation and Depreciation.

Individual fixed assets costing £120 or more are capitalised at cost.

Tangible fixed assets for use by the Church are stated at cost less depreciation.

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.

The Organisation has taken advantage of the exemption in Financial Reporting Standard No. 1 from the requirement to produce a cashflow statement on the grounds that it qualifies as a small entity.

1.3 Value Added Tax

Value Added Tax is not recoverable by the Organisation, and as such is included in the relevant costs in the Statement of Financial Activities.

1.4 Resources expended

Resources expended are included in the Statement of Financial activities on an accruals basis. Certain costs have been apportioned between Cost of Activities in Furtherance of Objectives and Management and Administration on the bases consistent with the use of those resources.

1.5 Funds Accounting

Funds held by the Church:

Unrestricted general fund - comprising funds which can be used in accordance with the charitable objects at the discretion of the trustees.

Restricted funds - which were raised for particular restricted purposes and can only be used for those particular restricted purposes within the objects of the Church.

FAITH REVIVAL ASSEMBLY NOTES TO THE FINANCIAL STATEMENT (continued) FOR YEAR ENDED 31 MARCH 2025

2. Cost of Activities in furtherance of objectives

Rent Transport Cost Donations Missions & Ministry Visiting Ministers Welfare and Training Telephone 3.Management and Administration Equipment & Accessories Mission House Hotels, Refreshments & Celebrations Storage Salaries National Insurance and Taxes Sundry Expenses Subscriptions Depreciation Conferences, Conventions and Youth Trip Insurance	Unrestricted Restricted 2025 2024 £ £ £ £ 33,522 33,522 42,448 7,222 7,222 6,502 3,850 3,850 1,000 12,007 12,007 17,780 8,186 8,186 3,500 216 216 187 1,543 1,543 1,008
	66,546 - 66,546 72,425
	Unrestricted Restricted 2025 2024 £ £ £ £ 299 299 2,273 4,952 4,952 5,406 3,865 3,865 1,458 2,448 2,448 1,248 12,531 12,531 9,710 2,488 2,488 - 532 532 1,703 1,970 1,970 826 120 120 - 3,135 3,135 7,934 394 394 806
	32,734 - 32,734 31,364

FAITH REVIVAL ASSEMBLY NOTES TO THE FINANCIAL STATEMENT (continued) FOR YEAR ENDED 31 MARCH 2025

List of Assets

Drum set Microphones Speakers Amplifiers Mixer and accessories Keyboard Pulpit Bass Computers