2021-12-30-accounts - Christian Faith Centre International Ministries

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CHRISTIAN FAITH CENTRE INTERNATIONAL MINISTRIES

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30[TH] DECEMBER 2021

CHARITY NUMBER: 1150128

CHRISTIAN FAITH CENTRE INTERNATIONAL MINISTRIES 1-21 LOWER TOWER STREET BIRMINGHAM B16 3NL

Index 1 Trustees Report 2 - 3 Accountant’s Report 4 Receipts and Payments Account 5 Statement of Assets and Liabilities 6 Notes on the financial Statements 7

CHRISTIAN FAITH CENTRE INTERNATIONAL MINISTRIES

TRUSTEES’ REPORT YEAR ENDED 30[th] DECEMBER 2021

The trustees are pleased to present their report for the year ended 30[th] December 2021 for the charity, Christian Faith Centre International Ministries with charity number 1150128.

The Trustees of the charity are: Mr Thomas Manu

Rev Samuel Kwofie

Mr Eric Afriyie

The principal address of the charity is: 1-21 Lower Tower Street Birmingham B19 3NL

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Charity governing document is a declaration of trust that was executed 29[TH ] August 20011.The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.

OBJECTIVES AND ACTIVITIES

The Objects of the organisation are first to advance the Christian faith in accordance with the statement of beliefs for the benefit in the United Kingdom and in such other parts of the world as the trustees may think fit from time to time . The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.

ACHIEVMENTS AND PERFORMANCE

The Organisation continues to hold successful meetings through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. The organisation held several conferences during the year in which individuals came from all around the community to attend. This has produced good results in reaching and helping members of the community. The church now has 4 branches located in Birmingham, Walsall, Stoke-on-tent and Wolverhampton.

FINANCIAL REVIEW

The income of the charity is above £194,000. This is a good amount for this year of the charity the costs have been well managed over this period. The organisation is still in a good position to manage its costs. The main cost of the organisation was paying for the rent of its building that it uses for worship services and purchasing church equipment. The church also purchased a minibus to use for transporting members back and forth from the services.

RESERVE POLICY

It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure.This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to maintain this level throughout the year.

RISK MANAGEMENT

The charity have assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.

TRUSTEE RESPONSIBILITIES

Under the Charities Act 2011,the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:

Select suitable accounting policies and apply them consistently.
Make judgements and estimates that are reasonable and prudent.
State whether the applicable accounting standards have been followed.
Prepare financial statements on an ongoing basis.

They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.

Approved by the Trustees on 31[st] January 2022 and signed on their behalf by:

Independent Examiner’s Report To the Trustees CHRISTIAN FAITH CENTRE INTERNATIONAL

I report on the accounts of the church for the year ended 30[th ] December 2021 set out on the following pages which have been prepared on the basis of the accounting policies shown in the corresponding pages.

Respective responsibilities of trustees and examiner

The trustees of the church are responsible for the preparation of accounts: they consider that the audit requirement under section 144(2) of the Charities Act 2011 (the 2011 Act),does not apply. It is my responsibility to :

Examine the accounts under section 145 of the 2011 Act.
Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 145(5)(b) of the 2011 Act.
State whether particular matters have come to my attention.

Basis of Independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the church and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner’s statement

In the course of my examination, no matter has come to my attention;

(1) which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that:
proper accounting records are kept( in accordance with section 130 of the 2011 Act
accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 2011 Act: or
(2) to which , in my opinion , attention should be drawn in order to enable a proper understanding of the accounts to be reached

Chuks Ajuka Bsc(Man), FICB PMDip Fresh Fire Organisation Generator Business Centre 95 Miles road Mitcham, CR4 3FH.

Dated: 31[st] - Jan -2022

CHRISTIAN FAITH CENTRE INTERNATIONAL MINISTRIES

ACCOUNTS FOR THE YEAR ENDED 30th December 2021

1 Receipts & Payments Account (General Purpose Fund)

Income Receipts Donations Gift Aid Total Receipts Direct Charitable Expenditure Hospitality Hire of Hall Media expenses Charity giving Stationary & Printing Sacraments Wages Professional fees Furniture Church Supplies Renewals & Maintenance Welfare Outreach expenses Donations Events Music expenses Rates Insurance & Subscriptions Vehicle expenses Speakers Expenses Other Expenditure Minibus Equipment & Instruments Land Total Payments Net Receipts/(Payments) for the year Cash Funds brought forward Cash Funds at the end of the year	£ £ 2021 2020 167082 110972 27051 35072
	_ _ 194133 146044
	_ _ 4415 2334 41825 31040 3029 10177 11918 1760 2610 820 694 12852 13469 4013 4777 0 400 15525 10885 0 1690 5809 6712 6204 2891 5200 9230 0 2030 4500 0 10934 16513 0 0 23115 17990 3030 4590
	153208 139773 0 2650 16673 0 22090 0
	38763 2650 191971 142423 2162 3621 14478 10857
	___ _ 16640 14478 ___ _

CHRISTIAN FAITH CENTRE INTERNATIONAL MINISTRIES

2 Statements of Assets and Liabilities at 30th December 2021

Cash Funds Bank Total Cash Funds Assets Retained for the Charity's Own use Vehicle Equipment & Instruments Fixtures & Fittings Minibus Land Liabilities Accounting fee NET ASSETS	Unrestricted Funds 2021 2020 £ £ 16640 14478
	_ _ 16640 14478
	_ _ 2934 3667 20287 8686 5918 7397 3744 4680 22090
	54973 24430 150 150
	71463 38758

Approved by the Trustees and signed on their behalf:

CHRISTIAN FAITH CENTRE INTERNATIONAL MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30th December 2021

ACCOUNTING POLICIES

Basis of Accounting

These accounts have been prepared on the receipts and payments basis of the Charities Act 2011.

Funds

Unrestricted funds are those which can be used at the Trustees' discretion. Restricted Funds are those whose purposes have been restricted by the donor.

Transaction with trustees and related parties

The church had 1 employee during the accounting year. All the other work of the organisation was undertaken by volunteers during the financial year. Trustee Rev Samuel Kwofie was paid £12852 for pastoral services rendered to the charity.

Public Benefit

The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or aims that are for public benefit.Details of how this is achieved are provided in the Trustees report. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.

Depreciation

Depreciation on all assets are calculated at 20% reducing balance method. Fixed Assets

	Equipment
Cost	Instrument	Vehicle	Fix & Fitts	Minibus	Land
	£	£	£	£	£
31/12/2020	15305	6185	13365	7650		42505
Additions	16673	0	0	0	22090	38763
30/12/2021	31978	6185	13365	7650	22090	81268
Depreciation
31/12/2020	6619	2518	5968	2970	0	18075
Charge	5072	733	1479	936	0	8220
30/12/2021	11691	3251	7447	3906	0	26295
NBV
31/12/2020	8686	3667	7397	4680	0	24430
30/12/2021	20287	2934	5918	3744	22090	54973