REPORT AND STATEMEpif OF ACCOUNTS FOR THE YEAR ENDED 318T DECEMBER 2021 FAITh CHRISTIAN GROUP (READING) CIO CHARITY REGISTRATION No: 116335S
FArrH CHRISTIAN GROUP {READING) CIO LEGAL AND ADMINISTRATIVE INFORIAATION Olher worklng names Farlh Christian Group FAITH Read1F(d Bed for Ihe Nh Tru8tee• at 31rt Docombor 2020 Mr Poter Home Mr Neil Ja¢kson Mrs Helen MaTtin Mr E¢Jward Rundell Mr8 Stella Stroud GOVERNING INSTRUIAENT Faith Chrisb'an Group is constilute(l as a Chartsble Incryrated Organisabon whose onty voting members are trustees. It was registsred wth the Charity Commissioners on 111 September 2015. On 1 st November 2015. Farth Christian Grtyjp {Re•Jingi cio IFAITH CIO) tcKJk over the xtivrties. net assets and employees of Farth Christian Group from Faith Christsn Grcp (Reading) Trust {FAITH Trust) which was registered 88 a chadty under a Declaration of Tw$t in 1996. OBJECTS The objects ofthe CIO are, for the publk benefiL' al to advance the Christian faith in Reading and other parts of the Unitsd Kingdom and the worfd as the chanty trustees may from lime to lime detennine". and b) to relieve persons in condrtions of need, hardship or distre88 or who are aged or 8id( in Reading other parts of the United Kingdom and the world as the chanty trustees may from tim8 to time deternine. Corrospond•nc• addr•8• 33 BltOn Road Reading RG2 ONH Prfmary bankorn Chanties kn Foundatsn Bank DBS rnglstored body thIrtycfft.eht Ifonrty CCPAS) Independent examln•r Michael Horw AFA MIPA Page 2
FAITH CHRISTIAN GROUP (READING) CIO INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31ST DECEMBER 2021 I reFxJrt to the trustees on my ern1nat ofthe Unts of Faith chrtsan Group (Reading) CIO for the year ended 31 Dernber 2021. Respon8lbllttios and basis of report As the ¢haTtty's trustees. you are responsible tr the ofthe in a)rd vith the requirements ofthe Charities Act 2011 (Ihe knr). Havlng sabsfied myself that the accounts are eligib for independent examination. I rert in respect of ry examination of the CIO'S a(xounts carried out under seth.on 145 of the 2011 Act and in carrying out my examlnation, I have followed all the appli¢abl8 Directions given by the Chanty commion under section 145{51{b) ofthe2011 ACL Independent examln•ff8 Statement I have completed my examination. I conllm that no merial matters have come to nry attenth)n in cThnection wfth the examlnalion which gives m8 cause lo believe that in, any mrial reSpt.. the accounlng records V•we nol kept in aw)r<kn wth seraion 130 of the Charrtw or the accounts did not ac th the xcwnting records: or the accourrt8 dKI not Mpty wrth the appIable requirem8nts cnnrxning the fm and ntent of w?unts set out in the Char¢ties (Accounts and Repytsl Regulations 2008 other than any requirement that the accounts gNe a'true and fairf view whth is not a matter considered as part of an independent examination. I have no concerns and have corrn 0s8 no other matters in conneth.on wth the examination lo Wh attentui should be drawn in thls rewt in order to enabb a proper untJ8rslanding of the accounts to be reached. Mr Michael Homer AFA MIPA Independent Examir MCH Accountants Ltd 68 Charfton Road Andover Hampshire SP10 3JN Dated.. 21110r2022 Page 3
FAITH CHRISTIAN GROUP (READING) CIO TRUSTEES REPORT FOR THE YEAR ENDED 31ST DECEMBER 2021 Organ18atlon The work of FAITH is pnmarily to fight physal poverty arrong the honth, needy deprived. by so doing to share the gospel through tove. care and practtsl service. This work is carried out Lgrgely by team5 of volunteers as well as part-time staff. mosty Christians from many drfferenl churches in and around Reading. In 2021 FAITH employed nine part-tir staff. wth one temporary member of staff in addrt¥)n. The organisation was running for sorrt before recerving charity slatus in 1996 as FAITH Christian Group (Reading) Tnjsl. On 1st September 2015. the Charty Commsssioners registered FAITH Christian Group {Readingl CIO, a Charitable Incorporated organisatn, and on 1st November 2015, the CIO took over the operation of the setwices, assets, and liabilrties of the Trust and took on the employmenl of all the stsff employed by the Trust. This change coincided with the whole operatson moving to ts current premtses in Boulton Road. 2021 revlew FAITH works in three maln, related ways to hleve Fts objects. "Readtstr0gt' and 'A Bod for the NlghY' IB4N), whic work with the hungry and homeless on the streets of Reading and 'RgadlFood" Wh provides food par1$ to indNiduals and familtes who are housed, but struggling to make ern1$ meet. Covld-19 pandomlc 2021 saw us able to rern to alny)st nonnal worknng whilst rwroining ¥lant Régular testsng for staff was phased ¢1. "Re•d18tr••t" involves the distrtbution of food to those on the streets. On weekday evenings, the support of Reading Minster Church gives us a town centre base from whh we offer free sandwches (kindly donated by Pret a Manger) and hot soup to the hungry and hOMe5S of Reading. On Sundays. we run tt8 Tea Bar to provide free hot and cold drinks and soup and rolls. 2021 gaw the aCquisitn of a catering van krtted out to our specifications. A key element of this work 18 to demonstrate to everyone we on the streets that they are valued individuaL8. Some of the practices, such as queueing oUtde. developed for the pandern. have continued and make for a morn controlled atmosphere. "RoadlFood - R•adlnu'• Food Bank" is a service delivtirfng food parceL8 to families and IndivKlual$ In need throughout the town. Those in need are referd by RBC thial Serv, Job Centre, Citszens Advice and other charilies, 8gencies and churches. The average number of food parcels delNered in 2021 was 178 per week, having been 250 al tha hevJht of the pandemi¢. Donats'ons both financial and food contynued to be good. A Bod for the Nlghl A Bed for the Night (B4NI wa$ a churth based rolling wM)ter ntght shetsr that FCG ran from 2015 to 2020. were able lo offer meals and a camp ted to up to 20 adults each night. Wth govemment policy changes brought about by COVID 19 regulations we evofved that into a dayts. drop4n"hub" from January 2021. Guests were offered winter Clothes. aclivrtbes (colnreading1pUzZIeS) and a hot nwl and snacks to take away. Initially we planned to open the venues forguests to wme Inside wilh enough space lo eat. relax and enjoy activities inside the venue whilst maintsining social tancIng. However. the UK r¢ational bckdown and stricter restrlction8 introduced by the Gov8mment after Christmas rreant that we decided to offer take-away provksion only. Guests were referred to the B4N-HU8 from Ihe St Mungo• Rough Sleeper Outreach ServirA and ty RBC or FCG directly. The provision was $pecfficalty for those staying in hotel l B&B placements and not a general food harKlout. The majority of gLtests who used the B4N-HUB were those wrth no recourse io publbc funds (NRPF). In total, there were 21 guests in either wnter provtsion or COVID plaCeffnts thal caffe to the B4N-HUB. Relatlon8hlp• Buildlng relationships over lime 1$ a key factor in the success of what we do. Providing some sandwiches on the street, or a food parc4 via ReadiFc)d. can lead to befnending and fvrther opportunities to help in many ¢)ther practical ways. B4N in particular gives opportLFnrtt"es over a numbeT of days or weeks to build relationships and provide links to fvrther help. On c£casions FAITH believes rt has to act as an advo¢ate for those wittUt a voti, and the Charity helped a number of indFviduals in this way during the year. We have continued to work hard to maintain gc*xI worknng ptatK>nships wrth relevant agenc and organisations in the town, including the various sections of RBC such as Soual Servi¢x. Housng. HiThless and Housing Pathways. 2021 also saw us working wfth the hxal couThil, a thurch and a housing a$elaon. towards opening Reading's first 'Food Panty.. P4e4
FAITH CHRISTIAN GROUP (READING) CIO Safeguardlng Atl charities are required to report serious safeguarding inadents to the Chanty Commission. There were no such incidents to rept. Flnan¢ial summary We ee1ve )Inancial support from many indNhluals. ac£ountsng for over 50% of giving. k1 churches and a number of local businesses and organisations. Grant income has increased as specrfr projects are launched to address increased needs in light of the COVID pandem. In dIon to the direct financk41 donations recewed, a signtficant value of fo&d and other rtems were donated to FAITH for diStritiOn to pwle in need. In the year ended 31 December 221 the Charity had an overnll Surplus of £88,265, with high levels of giving maintained in response to COVID-19, replicating the prior year 2020. In the year ended 31 December 2021 Payments increased by 28% on prior year as the charity re$itred rtseff in response to the hvJher levels of giving. Reserves have mained high due to this surplus. and it is acknowledged that the high levels of giving experienced in 2020 and 2021 a not sustainable, but rather a unue response during COVID. The foard-lOOkIng plan 1510 use these resources effeclrvety over a period of time ¢onsidenng our kgrgest expense is ongoing staff costs, rather than there being an iMmedte n*J to rdease cash. THANKS The trustees thank all the volunteers and paid staff for all thetr hard work in 2021 ena)ling FAITH to serye so many of the disadvantsged and poor in Reading. A$0, th8 trustees would like to express their thanks to churches, org8nisats.ons and indivU¥l5 in and around Reading for their supwrL The trustees are very grateful for the gènerous financ1 supwrt the charity receives, as wrthoul this nts'nu1ng and in(xeasing 5UPPOrt FAITH would not have been able to sorve the needy in Reading. Sned on behalf of the Trustges Page 5
FAITH CHRISTIAN GROUP (READING) CIO STATEMENT OF FINANCIAL ACTMnES FOR ThE YEAR ENDED 31ST DECEMBER 2021 Trfl Fund• Unr•fjetsd V•hld• rthrt R•(•d RECEIPTS: 15221 13355 OTQ8tl&al& 15.879 52805 104.752 2Y2.175 36.974 104255 59.074 37,551 188,9V2 1•.077 102 TOTWL RECWPT8 2a212 4113 84,186 410.071 403,627 PAYMENTS: 15. (Exrhthg drThknJ It 1&3ZS 4&915 1rJ, 140.150 Y8hk Lea8eCr•ts 2ml Co•lb 2.1TrJ 7285 12298 515 EMt Tr•kkng. & CR80 14 170 2.915 am 11,846 1.115 37,831 10.760 Prwrty 17, 37.842 12.356 5,825 20 1447 1.310 JA16 3.847 t17 YOph Cc4 Po• Pty & ne 2212 3,478 283 611 19 19 fj.410 ln 3,453 PrOts & RBo¢xw 177 TOTL PAYIAE14T8 1tr1471 171 17,&20 TOTIL 8URPLu¥DEF1T) TRMISFERS from G•n•rnl Fun 114fj10) 140411 17100 117.MOI 171,327 25,071 2X•,Ot8 8AW4CE 31 D•t•nthv¥J 107 J1B28J )10 Page 6
FArrH CHRISTIAN GROUP (READING) CIO ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 BALANCE SHEETS as at 31 De¢ember2021 31 Docembor2020 FIXED ASSETS FIX A¥s•ts atcostorvaIlOn Accumulated Depreciallorr Tolal Fb(•d Au•ts 34229 9,094 5.400 3,694 26,323 8undry Deblorn Prepayrrnt• C•8h at bank and In haTrd CuryontA8•0ts Taxatlon and 8ocknl•oCU Oth•rcreditor¥ Cr•dlior• due wKhln a •1 1.119 11285 311.677 324.081 829 9.977 241,754 12,6111 1.910 (2.0941 1.341 {4.$211 13,435) Cr•dlknr¥ du• •lknr• yur NET A88ETS 291.960 318 226.325 230018 8tre•tWork R••irki•d Fund B4N Re•trfetsd Fund R•adMood Reltrktrd Fund Food Panty R••lrf¢tsd FUMI Gon•rnl Fund CHARITY FUND8 4,138 28,107 25,071 33,421 23.496 264,542 318.283 171.527 TRUSTEES RESPONSIBILITIES IN RELATION TO FIPUKIAL STATEMENT3 The truste88 have considered the best 4Jpro&h to present the xcowrts to g a fair wew of ts Ch8 fina results for ihe ¢aleTrJar year ended 31 De¢emb6r 2021 aKI to dh)w proper compari80rn knilh ts results in 2020. AFpro¥d byts TrpA¥ on zi /io/tL on treiriWby Page 7
FArrH CHRISTIAN GROUP (READING) CIO NOTES to the Accounts for the year ended 31st Dmber 2021 Note 1 Bash of pr•paration 1.1 Basis of accounting These a¢counts have been prepared under the historml cost conventhjn wth rtems reownised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Chanties preparing their accounts in accordance wrth the Financial RepK)rting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2014 and with the Charities Act 2011. The charity o)nstitutes a publ benefft enbty as defined by FRS 102. 1.2 Going con¢0rn The accounts are prepared on a "going concem. basis. The Trustees thety revw the major risks which the charTrty faces on a regular basis and believe tha maintsining the free reseNes staled COM.ned with an annual review of the controls over key financial systerns wll provide sufficient res[rceS in the event of therse condikn'ons. The Trustees have also examined other operational and business Tisks whth they fac4 and confimi that they have estsblished systems to mits.gate the significant risks. Nots 2 Accountlng Policle• The Accounting Policies, used and ¥pied consistenty throughout the pericxl. are set out below. The Trustees have revlewed the other xcounb'ng poIrS covered by the Financial Reporting Standard and nSler they are not applicable to this period's armJnts. 2.1 Income recognlllon Income is included in the Ststement of Flnancial ActNlties (SOFA) when the charity becomes entrf(led to the resources, the monetary value can be measured and il is likely than not that the charity will r1ve the resources. 2.2 Off80tt1ng There has beèn no offsettlng of assets and liabilrti8s. or income and expenses, unles8 required or peitted by FRS 102. 2.3 Grants Grants and donation9 are only inc]ud&J in the SOFA when the general income recognitson critena are met In the case of perfomance-relaled grants. income is only reccgnised when the perfomMnce related ¢ondrtK)ns are met. The Charity has receNed a Ic¢al government grant in Ihe rei>Jt'ng period. 2A Tax rnclalm• on donatlons and glfts Gfft Atd re¢eivable is included in income when there is a valid dedaratson from the donor. Any Grfi Aid amount recovered on a dOnatn is ¢onsidered to k part of that gfft and 1$ treated as an addrtion to the same fund a8 the initial donat unless trle donor or the terms of the appeal have SFcrf other%vise. 2.5 Don•t•d food. good• and sorvlce8 and volunteer holp The value of any donated ft)od. gocJs and seprfices and volunteer help recelved is not induded in the a¢¢ounts but is described in the trustses, annual reporL 2.6 Llabllty rocognltlon Liabilities are recognised where rt is mre likety than not that there is a legal or constructive oblig'on committing the charity lo pay out resources and the amount of the oblallOn can te wEasured with reasonable certainty. 2.7 RUndanCY co•t The charity made no redundancy paymerrts during Ihe reporting w)d. 2.8 Doforr•d incom• No material item of deferred income has been included in Ihe xcounts. 2.9 Tanglbl& fixod assets for uso by charty These are capitali5ed if they can L used for rrnre than one year. and cost at least £1,000. They are valued at cost or valuation. The depreciatv)n rates and methods used are disclosed in Note 6. Page 8
FA CHRISTIAN GROUP (READING) CIO 2.10 Debtor8 Debtors and loans recewable are measured on initial reccgnilh)n at settlement amount or amount advanced by the ¢harty. subsequenY, they are measured at the cash or other cons#Jeration expected to be received. 2.11 Credttors The charity's creditors are rreasured ai selUem8nt annts less any trade di80)unts 2.12 Volunteer Holp The value of any voluntsry help re¢erved is Th)t included in the accounts but is descnbed in the trustees, annual reporL Not• 3 Restricted Funds 3.1 Restricted Funds for tho yoar end•d 31•t D•c•mbor 2021 StsEet Work Bed thrthE Nht Food Totsl Re$tAtted Bal•n¢o8 at 31 Dec•mb•r2020 61492 2021 Donalorn from ctrc Orgarisalio Grarl8 hJivid1S Otrtr I1r¥d are8t 37,551 39,051 104.752 4S,193 48,857 19.077 Total RK•lpt• 113 84185 189,8 ContribLon towards Slaff C08ts Propety C08ts Vehicb Costs Ottr Costs 15.325 43,915 4,135 69,522 25,830 10,B55 11,399 128,763 31.801 11,895 22,350 815 5.451 Total Paymonts 194eOg BALANCES at 31 DK•mber 2021 4138 2Q107 53.741 3.2 Restrlct•d Fund8 Dolall• The Bed for the Nlght Rutrfctod Fund- funds donated towards the cosl of running the night she each year. Preparatson and training costs are incurred in the autumn of year in preparab'on for the"B4N" for the following January to March. which means that the costs of each wintsrfs nht shelter are reF()tled in tsvo accounkn'ng periods. The Rent for Boulton Road Pr•mlw Fund- funds donated sfiCa1ty t(Mards the rental cost of the Offices and Warehouse al 8oulton Road. The Readrfood Restricted Fund represents fijnds donated specfficalty for use for the focKI parcel service, this year the funds were used for expenses directly related to ReadrfwS including a cOntributn to salaries for those working for Readifood. The Vehkle Restrictod Fund indudes a grant from Toyots towards the costs of the van Toyota have leased to the charity. Page g
FAITH CHRISTIAN GROUP (READING) CIO 3.3 Unrestrlcted Funds Detalls The General Fund represents income donated which is not given for a reslricbJ purFose. In the Income and Expenditure Statement any costs that cannot be readily alk¢ated or apporboned lo the athtb.es of the Streetwotk, Bed for the Night, Readifood or Food Panty are shown under General Funds. Any deficrts on the tIvItieS are fvnded by transfers from the General Fund. Note 4 Staff C08t8 and Numbers 2021 2020 (kn88 Wages aTrl Sthrie¥ Employers Na'orBI Cosls (net ofEMploymertAtk)vMa1 Pemion Cortn"butioTh8 161,434 10.873 {4,000) 5.662 173.969 136.570 9.013 I4,0) 3.568 145.150 NLwnb8r ofempbb FLdl Timo Part-tlm Temporary- Partii 10 14 No employees received eMoyee nefftS for the rewrting periods of more than £80,OW per annum. Not• 6 P•n$lon Sch•m• The Chanty enrols all emptyees that meet the cntefia for automatic enr¢4t and pays employerfs contr.bUtn3 to the Workpla pension scheme NEST (National Employment SaviThJs Trusti. Nots 6 Tanglbl• fix•d amots 2021 2021 Flthre• a V•hkl• Flllkig• 2021 20 2020 Motor Flthrn• & V•hkl• FIUlng• 2020 Totsl Totsl Co•t orV•u•Uon At I bggirnir4 oflf¢ Addlbor Dispo88L8 Ate1 oltr star D•prnelalk•n Atthe begiwityj of ts Jp•r t)epreath" Disposa At ofts >wr N•tbook v•h 8.135 25,135 9,094 3,600 2.1C(I 26.323 3,694 Basis of depre¢iation- strarght lin8 The oth•r fixed assets aUred from FAITH Trust wrih indivKlual values of less than £1.1)00 are summarfsed below.. Ests'mated original value 3.000 offi ftjmiture and equipm8nl Page 10
FAITH CHRISllAN GROUP (READING) CIO Note 7 Creditors falllng duo after om ygar On 31 March 2016, the FAITH Chrisb'an Group rented 33 Boulton Road Urer a Full Repairing and insuring Lease. The Trustees resofved to provide for the Full Repairing obligatn by providing for the repairs through the life of the lease. Advice was taken as to the likely costs of major repairs through the lrfe of the lease. and an annual accrual of £4,800 was determined to be reasonable. In 2021 £4.800 was charged as expenditure and credited to this Provision for Building Repairs to cover these costs. Note 8 Payments to Trustees No payments were made to trustees or any Fefscfts connected with them during this financial period. No other material transaction took place behveen the organisation and a trustee or any person connected with them. No trustee expenses have teen 1rUlred. Not• 9 Fees for •xaminatlon of thg accounts Fees towards Indépendent Examination of £825 were amed for in 2021 (2020 fees were £8001. Page11