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 N￿h* 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 Grc￿p (Reading) Trust {FAITH Trust) which was registered 88 a chadty under a Declaration of Tw$t in 1996. OBJECTS The objects ofthe CIO are, for the publk benefiL' al to advance the Christian faith in Reading and other parts of the Unitsd Kingdom and the worfd as the chanty trustees may from lime to lime detennine". and b) to relieve persons in condrtions of need, hardship or distre88 or who are aged or 8id( in Reading other parts of the United Kingdom and the world as the chanty trustees may from tim8 to time deternine. Corrospond•nc• addr•8• 33 B￿ltOn Road Reading RG2 ONH Prfmary bankorn Chanties kn Foundatsn Bank DBS rnglstored body thIrtycfft.e￿ht Ifonr*ty CCPAS) Independent examln•r Michael Horw AFA MIPA Page 2 FAITH CHRISTIAN GROUP (READING) CIO INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31ST DECEMBER 2021 I reFxJrt to the trustees on my e￿rn1nat￿ ofthe ￿￿Unts of Faith chr￿tsan Group (Reading) CIO for the year ended 31￿ De￿rnber 2021. Respon8lbllttios and basis of report As the ¢haTtty's trustees. you are responsible tr the ofthe in a￿)rd￿ vith the requirements ofthe Charities Act 2011 (Ihe knr). Havlng sabsfied myself that the accounts are eligib￿ for independent examination. I re￿rt in respect of ry examination of the CIO'S a(xounts carried out under seth.on 145 of the 2011 Act and in carrying out my examlnation, I have followed all the appli¢abl8 Directions given by the Chanty commi￿on under section 145{51{b) ofthe2011 ACL Independent examln•ff8 Statement I have completed my examination. I conllm that no m*erial matters have come to nry attenth)n in cThnection wfth the examlnalion which gives m8 cause lo believe that in, any m*rial reSp￿t.. the accounlng records V•we nol kept in aw)rnships wrth relevant agenc￿ and organisations in the town, including the various sections of RBC such as Soual Servi¢x. Housng. HiThless and Housing Pathways. 2021 also saw us working wfth the hxal couThil, a thurch and a housing a$￿ela￿on. 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 rep￿t. Flnan¢ial summary We ￿ee1ve )Inancial support from many indNhluals. ac£ountsng for over 50% of giving. k￿1 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 ￿dI￿on to the direct financk41 donations recewed, a signtficant value of fo&d and other rtems were donated to FAITH for diStri￿tiOn to pwle in need. In the year ended 31 December 2￿21 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￿$it￿red 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 un￿ue response during COVID. The fo￿ard-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 iMmed￿te 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 indiv￿U¥l5 in and around Reading for their supwrL The trustees are very grateful for the gènerous financ￿1 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. S￿ned on behalf of the Trustges Page 5 FAITH CHRISTIAN GROUP (READING) CIO STATEMENT OF FINANCIAL ACTMnES FOR ThE YEAR ENDED 31ST DECEMBER 2021 Trf*l 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 4*113 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 E￿M￿t 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 YO*ph￿ Cc4 Po• P￿￿ty & ne￿ 2212 3,478 283 611 19 19 fj.410 ln 3,453 PrO￿ts & RBo¢xw 177 TOT*L PAYIAE14T8 1tr1471 171 17,&20 TOTIL 8URPLu¥DEF￿1T) 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 atcostorva￿IlOn Accumulated Depreciallorr Tolal Fb(•d Au•ts 34229 9,094 5.400 3,694 26,323 8undry Deblorn Prepayrr*nt• 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 Ch￿￿8 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 treiri*Wby Page 7 FArrH CHRISTIAN GROUP (READING) CIO NOTES to the Accounts for the year ended 31st D￿mber 2021 Note 1 Bash of pr•paration 1.1 Basis of accounting These a¢counts have been prepared under the historm￿l 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 ¥p￿ied consistenty throughout the pericxl. are set out below. The Trustees have revlewed the other xcounb'ng poIr￿S covered by the Financial Reporting Standard and ￿nS￿ler 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 r￿1ve the resources. 2.2 Off80tt1ng There has beèn no offsettlng of assets and liabilrti8s. or income and expenses, unles8 required or pe￿itted 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 dOnat￿n 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 SF*crf* other%vise. 2.5 Don•t•d food. good• and sorvlce8 and volunteer holp The value of any donated ft)od. goc*Js 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 obl￿allOn can te wEasured with reasonable certainty. 2.7 R￿UndanCY 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. subsequen￿Y, 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 an￿nts 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 N*ht Food Totsl Re$tAtted Bal•n¢o8 at 31 Dec•mb•r2020 61492 2021 Donalorn from ct*rc Orgarisalio Grarl8 hJivid￿1S Otrtr I￿1r¥d **are8t 37,551 39,051 104.752 4S,193 48,857 19.077 Total RK•lpt• 113 84185 189,8 ContribL*on towards Slaff C08ts Propety C08ts Vehicb Costs Ott*r 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 n￿ht shelter are reF()tled in tsvo accounkn'ng periods. The Rent for Boulton Road Pr•mlw Fund- funds donated s￿￿fiCa1ty 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 cOntribut￿n 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)vM￿a1 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 eM￿oyee ￿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¢4￿￿￿t and pays employerfs contr.bUt￿n3 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 Ate￿1 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 a￿U￿red 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 Ur￿er a Full Repairing and insuring Lease. The Trustees resofved to provide for the Full Repairing obligat￿n 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 1r￿Ulred. Not• 9 Fees for •xaminatlon of thg accounts Fees towards Indépendent Examination of £825 were amed for in 2021 (2020 fees were £8001. Page11