REPORT AND STATEIENT OF ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022 FArrH CHRISTIAN GROUP (REAOING) CIO CHARrrY REGISTRATION No: 1163355
FAITH CHRISTIAN GROUP (READING) CIO LEGAL AND ADMINISTRATIVE INFORMATK)N Otherworklng names Faith ChrEban Group Faith ReadiFocMJ Bed for the NwJht Tte08 at 31*1 Decembor 2022 Mr Petsr Home Mr Neil Jackson Mrs He18n Martin Mr Ethward Rundell Mrs Stella Stroud GOVERNING INSTRUMEKr Faith Christian Group is nstituted a8 a Chantable Inoxporated organi8ab.on whose onty voting m8mber8 are trustees. It was registered with the Charity Commissioners on 111 September 2015. OBJECTS The objects of the CIO are, for the public benefft". a) to advan(x the Chn.an farth in Reading and other ports ofthe United Kingdom the worfd a8 the charity truste8s may from ts'me to time detemine. and bl lo rel¢eve persons in cond'0n$ of need, hardshlp or or who are aged or $k in Readlng and other parts of the United lQ'ngdom arKI the wcrfld as ttle chanty trustees may Irom time to time tyotemine. Page 2
FAtrH CHRRSTIAN GROUP (READING) CIO INDEPENDEKf EXAMINER% REPORT FOR THE YEAR ENDED 31ST DECEMBER 2022 I reFKJrt to the trustees on nyy exarnination of &o)unts of Faith Christian Group (Reading) CIO for the year ended 311t December 2022. Rospon8lblllll8s and ba818 of rert As the charity's trustees, you are responsth tr the pyeparalion of the lUnts in xcordanL With the rwuirements of the Charitles t 2011 llhe Arf). Having satIsfd myself that the accounts are elKJible for independent examination. I fEFQrt in respect of my examination of the CIO'S accounts CAffied out under seCtn 145 of the 2011 Act and in carrying out my examination, I have folkyHed all the applicable Dir8ctK)ns given by the Charity commiss section 14515}Ib) of the 2011 Act. Ind8p•ndont oxamlnof• •tat•m I have completed my examination. l Lx)nfim that no matenal matters have corne to my attent1 in )nneCtIOn with the examination whh gives me cause to believe that in. any material respect the aco)unts'ng records were not kept in XCOrdan wth se(aion 130 of the Charities hrt or the accounts did not xcord with the accounts.ng records.. or tho accounts did not oynply with the applicable reqUIreffts cjjncemlng the fomi and content of accounts set out in the Charities {Accounts and Reptytsl RegUktnS 21Th other than any requirement that the accounts gNe a 'true and fairf vie whh r8 not a matter consKlered a8 part of an indyndent examinatron. I have no concerns and have com across no other m8tters in connectK)n wrth the examinabon to which attention should be drawn in thi$ report in order lo enable a proper understanding of the acc*unts to be rnached. Mr Micha81 HoThr AFA MIPA IrKlependent Examiner MCH Accountsnts Ltd 68 Charlton Road Andover Hampshlre SP10 3JN Dated: 20110r2023 Page 3
FArfH CHRISTIAN GROUP {READING) CIO TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 Organi8ath)n The work of Faith primarily to fight physvl povety arrK)ng the homless. needy and deprived, and by so doing to share the gospel through love, care and practKal servi. work is caThied out largety by teams of volunteers as well as part-lime staff. moslty Christians from many drfferent churchos in and around Reading. In 2022 Faith empbyed eight part-tin staff, wlth one temrx)rary member of slaff in additn. The organisation was running for son time before receNing chanty status in 1996 as Fath Chnstian Group {Readingl Trust. Since 2015, the organisation has been a clw"Ilable irwrated organisation ICIO}. 2022 mlew Faith works in three main. related ways to achieve ils objects.. "R&idistreef and 'A Bed for the Night. {B4N), which work with the hungry and homeless on the streets of Reading and "ReadiFood" which provides fo(MJ parcels io indwiduals and familres who are housed. bui struggling to ffoke ends met IIRoadiStrefyt" invofves the distribution of food to those on the streets. On weekday evenings, the 8UPPOrt of Reading Minster Church gives us a town centre base from whth we offer free san(frthches (kindly donated by Pret a Manger) and hot soup to the hungry and homew of Reading. On Sundays. we run the Tea 8ar to proVe free hot and ¢old drinks and soup and rolls. A key element of thi8 work is to denStrate to everyone we rrwt on the streets that they are valued individuals. "RdIF0od- R•adlng's Food Bank" is a Service delp4ering food parcels to families and individuals in need throughout the town. Those in need are referred ty RBC knial Services, Job Centre, Cibzens Advice and other eharilies, agencies and churches. The average number of food parcels delpiered In 2022 was 1V2 per week. DonatKns both financial and food continued to be gc)d. A Bod for tho Nlght IB4NI contlnued to run as a dayts'm? dropin"hub' from January 2022. Guests were ¢)ffered winter clothes, activitres (Cokrir&Ir8adlnpuZzlésI and a hot m8al and snacks to take 8way. Initially we had planned to open the venues for guests to insKle with enough sp&e to eat, relax and enjoy activities insKle the venue whilst maintaining Social dBtancing. However, the UK nats'onal Itxkdown and sth'¢ter restnctions introduced by the Govemment after Christrnas rant that we decided to offer takaY provision onty. Guests were referred to the 84N hub from the St Muryo's Rough Slw Outreach Servts and ty RBC or Falth directly Tr provislon w8$ Specifalty for those staying in hotel l B&B placem8nts and not a general food handouL The majorty of guests who used the B4N hub were those with no recourse to public fvnds. In total. 23 guests in either wnter kYoMsion or COVID placerrmts carne to the B4N hub. Norcot Pantry After the groundwork laid in 2021. 2022 saw the launch of this new projecL which we run in cooperation with Your Lccal Panty and Norcot Mission Church. The panty is a Thmbershipbased Ic(rfJ shop where, for a nominal subscription. members can buy subsKiised go(Kls. so gNing choice and SUPFQrt for those on low incorrns or on benefits. 106 memters used the shop. A café running abngside the shop created a sethng where could b& tter supported and SnpOsted to other partner agenaes if ajdibonal help was needed. sage Women'8 Prolect This was another new projert. sponsored by Sage. It offers a wntoring and work experience programme for ladies wanting to retum to employment. 5 lad were gtven one-tikone support and worked in our fc(J warehouse to gain confidence and skills to help in the i0uting pr(ws Relatlon8hlps Building relationships over time is a key fathr in the success of what we do. Providing some sandwiches on the street, or a food parcel via ReadiFood. ¢an lead to befnending and further opwrtunrtres to help in many other practical ways. 84N in particular gives opportunrties over a number of days or weeks to build relationships and provide links to fijrther help. On occasions Faith believes rt has to xt as an a¢fvc*ate for those without a V0e, and the chanty helped a number of individuaL8 in Ihts way during the year. We have continued to work hard to maintarn gcx)d workn'ng relationships with relevant agencie5 and organisations in the town, including the various sections of RBC suth as Swal Services. Housing. Homeless and Housing Pathways. Page 4
FArrH CHRISTIAN GROUP (READING) CIO Saf•guardlng All charities are required to re[ SerKM safeguardiNJ KKidents to Ihe Charity Corrlrission. Th¥e were no suth incidents to repo Flnanclal Summary We re1ve financial support from many irbJprfiduaLg. a(XnI1ng for over 65% of giving. IcLal churches and a number of local businesses and organisations. In addrtion to the direct finanaal donations reNed. a snIficant value of fc( and other itèms were donated to FAITH for dlstribLrtn to people in need. Prw year 2021 was an eXptional year, along with 2020, Whe individuals and I1 aUthoritS increased giving in reaction to COVID.. with the return to more nomialised COndonS grant and gifts from Ooanisations have reduced in 2022 more akn'n to pre- COVID tevels. whth is in line exFectatson. In the year ended 31 Decemter 2022 the Charity had an overall deficil of £22.814 as the Chanty looks to effects'vely deploy reserves in a controlled manner. Overall costs were in line with the prMy year 2021 with similar levels of staffing an¢J expenditure, wilh cost allocalions shifbng ben propcts. notabty a$ activiti88 for Bed for the Night decreased and Food Pantries incwsed. Reserves remain high due to the camed-forard surplus from the COVID period. The forward-looklng plan remains to be the use of these resources effectivety over a penod of time rather than any ImMedte big outlay. conshyering our largest eXnSe is ongoing staff costs. THANKS The tfUSt8as thank all the volunt8er8 and paid staff for 811 tr1r hard w(*k in 2022 enabling Faith to S8rve so many of the disadvantaged and poor in Reading. Also. the trustees would like to express their thanks to churches. organisation$ and individuals in and arourKI Reading for thwr support. The trustees are very gralefvl for the generous financial support the charty re¢eNes, as without this contr"nuing and increasing support Failh would not have been able to serve the needy in Reading. Signed on behalf of the Trustees Page 5
FArrH CHRISTIAN GROUP (READING) CIO STATEMEKf OF FINANCIAL ACTMnES FOR THE YEAR ENDED 31ST DECEMBER 2022 Toil Tol•l Funds Unr¥rlctod nd Rolctod G•fi•MI th• and R•icl•d 2021 RECEIPTS . 14.186 15,748 1.812 19.& 37.154 28.317 15,998 35.753 37.154 T552 1.487 1.836 15,879 52.405 104.752 232.175 188.410 51 1.487 Otsr krterest TOT RECEIFrs 178 410 071 PAYMENT8 . Fo)d and clh8r as$bst8 4,1T3 10,579 24.OKI Stsff Costs 19J13 78249 10,498 175,531 2.024 1rJ. 1,1C 2.4LYI 3.4Q) Vehtb RLnnkvJ Cc•ts Eqimpnent Tralthg. & CRB# Offlce w•hse & R¥ 2,1(Kl 7285 12,298 2,29) 37.842 12,358 5,825 5,820 7212 87 3.787 8.788 3,178 221 11.824 37.842 12.491 6.567 6.713 2.180 4244 370 4.176 6.188 419 152 223 OITce SuppL CC1¥ Eqrnrt Sofiware 5.870 31 97 Postage 212 21 137 371 578 11.303 & rW$10tt Fees Chorye6 Prop¢ts 8 Re80wdrg 5.077 177 1,075 1.075 TOT PAYMEKrs 128.46T 1¢788 314169 Tor SURPLUSI(DEFICTh) TRA>ISFERS from Gerral Furbd• 14689) 13678) 117P)) 14789) EÉÉEIS fno1n 4.138 26.107 318283 230,018 .1¥¥ 318283
FArrH CHRISTIAN GROUP (READING) CIO AccouKfs FOR THE YEAR ENDED 31 DECEMBER 2022 BAL4¢E SHEEfJ a• al 31 Doc•ml)•r2021 FI0 ASSErs Flx•d A•g•ts atCxtorV•kMUon Aecumulotgd Oepr•dal Total Flx•d A•sets 41.417 14,4241 34,229 26,323 sundry D•b&)n PrnpaymeTrts C•h at bnk •nd kn h•nd CunBfit A•80ts T•¥alloD and •o¢knl•tturty Olh•rerndltor¥ Crnlltorn du• • y••r 1,119 11,285 3t1,677 324,081 11,86t 288.917 11.e631 875 12,6111 1.910 12.538) 14,5211 Cr•dltoY• du• al• y••r 268.501 295A94 291,960 318 NET A88ET8 8ts•tWtyk R••trkl•d Fund B4N R••trklbd Fund P•adllood R•stthl•d Fund Food Panlrf•• R••lrkl•d Fund Genfrrnl Fund CHJirrY FUND3 4,138 28,107 6.248 289.248 23,496 284.542 318 TRUSTEES RESPONSIBILrriE8 IN RELATION TO FN4PKIAL STATeMEKrs The trustees hwe cornidered the best k> presert xcourts to gp a fair view of the chatys fironcial re$ts for the calefmjw year erKJed 31 December 2022 to alk)w proper comparisons with ts results in 2021. Apyro%J bytrTrtrykn on Loliolzs Slgrnd Ontrrb$1•WbY Page 7
FArrH CHRISTIAN GROUP (READING) CIO NOTES to the Accounts for the year onded 31st December 2022 Note 1 Basis of preparalion 1.1 Bas18 of accountlng These accounts have been prepared under the historical cost convention with ttems reo)9nised at cost or transacti( value unless otherwise stated in the relevant note(s) to these accounts. The accL)unts have been prepared in accordance wtth the statent of RecoMnnded Practrce.. Accounting and Reporting by Chankn'es prepaTing their accounts in accordance with the FinancRI Rep)rting Standard applicable in the UK and Republic of Iroland {FRS 102) issued on 16 Juty 2014 and wrth the Charitses Act 2011. The Charity conslitut8s a public benefit as defined by FRS 102. 1.2 Going conc•m The accounts are ppared on a 'going concern" basis. The Trustoès acbvety review the maior risks which the charity aces on a regular ba8 and believe that maintaining the fre8 reseprfes stated o)mbined wrth an annual review of the controls over kéy financRI systems will provKle sufficient resour in the event of adverse conditsons. The Trustees have also examined other operalional and business rbsks whth they and confim that they have established systems to mibgate the $ignrfunt risks. N¢)to 2 Accounllng Polkl The Accountsng Policies, used and applied (Snty throughout the wicxj. are set out below. The Tnjstees have reviewed the other accounts'ng Folicies eover•J by the Finandal Reporbng Standard and consider they are not applicable to perh'S accounts. 2.1 Incomo r•cognltlon Income is included in the Ststement of Financial Activittes (SOFA) when the charity becomes entitled to the resources, the monetary valu8 can be measured and it is more likety than not that charity will receive the resources. 22 Off¥ottlng There has been no offsetting of assets and liabilltlès. or incom8 and expenses, Unl required or p8nnitted by FRS 102. 2.3 Grants Grants and donations are onty included in Ihe SOFA when the ganeral incorrn rewnrtwjn critena are met. In the case of perfomancfrrelaled grants, Incorr i8 onty recognised when the perfonnance related condits'ons are meL The Charity has receNed a locd government grant In the remng penod. 2A T•x roclalm• on don•llon• and gllts Gift Aid receivable is induded in income when there is a Val declarats.on from the donor. Any Gfft 'd amunt recovered on a donation is consKlered to be part of that grft and is treated as an addthn to the tsarro fund a$ tha inits'al donation unless the donor or the tem)s of the appeal have Ste¢rf othervrise. 2.5 Donated food• good• and vrvl¢•s and volunt••r hdp The value of any donated fochj. goods and sevvmx and volunteer help rèceived is not included in thé accounts but is described in the trustees. annual report 2.6 Llablllty recognltlon Liabilities are recognised where tt is )re likety than not that there is a legal ¢y ¢onstru¢tNe obligation committing the charity lo pay out resources and the amount of the obl19atn can be measured with reasonable certainty. 2.7 Redundancy co•t The charity made no r8dundancy payments during the re'r perDJ 2A Deferred income No material item of deferred InnE has been included in the accounts. 2.9 Tanglble fixed as80ts for u8• by charlty These are CaprtaI rf they can be used for ffwye than year, and c05t at least £1.000. They are valued at cost or valualion The depreC)n rates and rtrS used are rf*clcÉed in Note 6. Page 8
FArrH CHRISTIAN GROUP (READING) CIO 2.10 Debtors Debtors and loans receivable are measured on initial recognibon al settlement amount or amount advanced by the chanty. Subsequently, they are measured at the ¢ash or other cOnderation expect&J to be received. 2.11 Credftorn The charivs ereditors a measured at setslem8nt amounts18ss any trade discounts 2.12 Volunts•r Help The value ot any voluntary help received is not induded in the accounts FArt is descritd in the trustees. annual report. Noto 3 Rostrlctod Funds 3.1 RoStrfCt Fund8 for tho yoar Mded 31•t Decgmb•r 2022 Bed tsrthe Nht Totsi Restthtrd Wo Food 8alanc•B at 31 Dec•mb•r 2021 4138 4107 61741 2022 DorHtyorn fr( 1.812 19,5C 37,154 28.317 Organisalio Grarts hJiMdLHIs membe'p Sthscripth'or6 011r IrthlirvJ tre¥t 1,812 37,154 31.142 1,487 185 51 Total Roc•lpts 86.789 91,e02 CorthbLon &yrdS Staff Co8ts Propety Costs Velic18 Costs Otsr Costs 19.313 1571 78y9 10.498 110.883 3,917 10.610 13, 10.540 6.8TI Total Payments 14n8 14097 BALANCES at31 D•c•mb•r2022 4246 3.2 R•strlcted Fund8 Dotalls The Str•et Work Re•trlct•d Fund represents donatior* to support the distribution of food and drink lo th03e on the streets. The Bod for th• Night RtrIct•d Fund- fund5 donated towards the ojst of running the night shetter or dropin Hub. PparatIOn and training costs b8 incuffed in the prior year in preparat for the "B4N" in the folknving January to March, whtch means that the costs of a winteffs nht sheller are reptyted in two aLrounts"ng pemds. The Readlfood Restrlctgd Fund represents funds donated SFecfftalty for use fr)r the focMI parcel service, this year the funds were used for expenses directy retated to Readifood induding a contn"button to salaries for those working for Readrfood. The Food Panlrtgs R08trfcted Fund represents iknatK)ns to support the prOvlon offcwxl distribution through Food Pantries. Page 9
FArrH CHRISTIAN GROUP (READING) CIO 3a Unrgstrlcted Funds Dotail8 The General Fund represents income donated thIch is not gr¥en for a restricted purpose. In the Income and Expendrture Statement any costs that cannot be Teajity allocated or apFQrtw)ned to the activities of the Streetwoik, Bed for the Night. ReadrfLX)d or Food Panty are shcpn under General FutKls. Any def'ts on the activitie$ are funded by transfet? from the General Fund. Not• 4 Staff Costs and Numb•r8 CM) 2022 CK) 2021 Gross Wages arY Salaries Er)¢S National Costs (net of EMpbYTnentAkn8) Pertsion ContribLthorK% 163,568 11,463 (s.000) 5,500 175,531 161.434 10.873 (4.000) 5,662 173,969 Nunberofempk>swJ FulTime Part-time Temporary- Part11 13 14 No employees received emph)ye6 b8r for the reporting penods of rnre than £60,01 per annum. Note 5 P•n8lon Schom• The Chanty enrols all employees that meet the crlteria for aulomatic enrolmnt and pays employorfs contributions to the WOfkpIa pension schewo NEST {Natla1 EmployThnt Savings Trust). Nots 8 Tanglblo flx•d ts•ets 2ty22 2022 Flthm & V•hkl• Fllkng• 2021 IArtrtsv & V•hkkn F#lkn9• 20 Tol•l Co•t orVuallo Attr be9iwir¥J ofts )par AddltiorB Disposab AteTrJ ofts Jpar D•prBcknllon Atts begimTrg oftt 8.135 7.188 7,188 17,0(h) 8,135 25.135 5.4CQ 2.1CK) 5,400 2,506 1.318 6.518 Disposa At ofts ar NbOok Basbs of depreciation- strawJht line The other fixed assets wuired from Farlh Trust Vlilh indrrfidual values of less than £1.(X)O are summansed below.. Eslimated lginal value Office fijMttu arKI equipment Paje 10
FArrH CHRISTIAN GROUP (READING) CIO Note 7 Credltorn falling du• oft•r one yur On 31 March 2016, the FAITH Chnsb'an Group rented 33 Boutton Road under a Full Repairir@ and insuring Lease. Th8 Trustees resolved to provKle for the FUH Repairing obloatv)n by provhjing for the repair5 through the life of the lease. Advice was taken as to the likety costs of major repairs through the life ofthe lease, and an annual accrual of £4,800 was detem)ined to be reasonable. In 2022 £4,800 was (*wged as expenditure and credited to this Provision for Building Repairs to cover these Costs. In Marth 2021 the lease was extended for 5 Years. Note 8 Paymonts to Tru8tO8S No payments We rnade to trustees or any pers$ nnthd with them during this financial periLxI other than purchases made on behaw of the chanty for which trustees have been reimbursed. No other material transacb'on took place b8tsveen the OrgantiOn and a trustee or person connected with thern. No Irustee expenses have be8n incurred. Note 9 Foes for oxamlnatlon of the attounts Fees towards Independent Examination of £875 were a¢j 2022 (2021 fee8 ty251 Page 11