Trustees’ annual report (including Directors’ report) for the period From: Period start date: 01/11/2022 To: Period end date 31/10/23
Charity name: Overcoming Faith Outreach Ministries International Charity registration number:1164401 (Company number)
Objectives and activities
| Objectives and activities | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
SORP reference: Para 1.17 |
The object of this CIO is to advance the Christian faith in accordance with the bible in such ways and in such parts of the United Kingdom or the world as the Trustees from time to time may think fit. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
~~Para~~ |
Christian activities, welfare of members, hosting gospel night of songs, bible teaching programs for emotional/psychosocial development of members of the ministry and the local Communities in which we worship. Over the period of the pandemic, we adjusted our services which were moved to zoom to maintain social distancing and comply with the restrictions in place. Face to face services have been re-started on Sundays. However, we have continued to retain the online services during the week on Tuesdays and Thursdays. |
| 1.17 and 1.19 |
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| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit. |
Para 1.18 | We are aware of the guidance on public benefit and have taken this into account when making decisions on church programs. Special community- oriented programs such as the night of prayer and reflection which happens once a month have been well received by families needing a reflective prayer time from their busy schedules over the month, have continued online to provide avenues to engage the public to provide support as needed. Many in our community have continued to engage with our Sunday services which start later in the afternoon in London as it affords them time to rest in the morning after their busy |
| schedules during the week and to still be part of the evening church service. We are pleased to report on the growing young people choir and leadership training which is developing further. Our December 2022 Levites Gospel conference in Cambridge, which featured songs, gospel messages and seminars on spiritual empowerment was well received by the public as a way engaging the community in the things of God and supporting people in their spiritual journey. |
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| Achievements and Performance |
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| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society. |
Para 1.20 | Despite the loss of our senior pastor (Pastor Friday Adejo on 02/09/2021) after a brief period of illness, God has remained faithful to his course in our hands. We have had several new visits, with the online services continuing to prove very popular as people from various countries can join. As a charity, our international service that celebrates the diversity of our community and the membership has continued to attract new visitors: the event was hugely successful. Following on from the pandemic have become accustomed to the new normal, our key focus has been to continue to provide emotional, spiritual, psychological and practical support to our members and the wider public. Our online services have been a huge success attracting people from all works of life from various parts of the world who report that they feel spiritually, emotionally, and psychologically empowered through the ministration of the word as well as the practical support given in some cases. Our services and outreaches incorporate bible teaching sessions, songs/ worship sessions and corporate prayer sessions. Participants have continued to be both socially, emotionally empowered and spiritually energized. |
| Like in previous years, the church held a community barbecue on 19thof August 2023 which was well attended. We continue to create an opportunity for dialogue, refreshment and understanding with people from the local community through our online mid-week services and our face-to-face Sunday services. We continue to be financially, spiritually supportive of members in need including where there has been bereavement or unemployment. |
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|---|---|---|
| Achievements against objectives set |
Para 1.41 | Our Annual conference (Levites conference) was held in Cambridge from 15thto 17thof December 2022. This continues to be a time of refreshing in the presence of God. A time to recalibrate as a ministry. We have instituted a youth fellowship / youth prayer meeting/ youth training which runs every first Saturday each month. The aim is to grow the faith in the younger generation and engage them in being responsible members of society as they grow. We also now run a special program for women during mother’s Sunday and one for men during Father’s Day. this year, the women’s program was held at Cosmo Romford and the men’s special program was held in Manchester in June. We also held an all-church Easter retreat in Birmingham in April which was well attended. |
| Financial Review | ||
| Review of the charity’s financial position at the end of the period |
Para 1.21 | Total receipts of unrestricted funds for the period was £7606 of which £2248 was the expenditure on welfare of church members in need (as well as dealing with bereavement and burials). Our expenditure during the period covered the purchase of refreshment for members after church programs and rent of premises where we hold bible study and regular church services. |
| Statement explaining the policy for holding |
Para 1.22 | It’s our policy to try to maintain a reserve of at least £500 in order to address emergency situations requiring welfare |
| reserves stating why they are held |
support among our members or in order to pay rent for the property used for church meetings. This is necessary as receipts of freewill offering might not be of equal amount from month to month. Some months we experience a downward trend of giving from members. |
|
|---|---|---|
| Amount of reserves held |
Para 1.22 | £3,000 |
| Reasons for holding zero reserves |
Para 1.22 | This is not applicable |
| Details of fund materially in deficit |
Para 1.24 | This is not applicable |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | Although there has been an economic squeeze during the pandemic and a downward trend in free will offering since the pandemic, we continue to have the funds needed to continue as a charity. |
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | Free will offerings and other free will giving. |
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | None. |
| Structure, governance and management |
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| Type of governing document: for example,trust deed, memorandum and articles of association etc |
Para 1.25 | Trust deed |
| OVERCOMING FAI | OVERCOMING FAI | TH OUTREACH MINISTRIES INTERNATIONAL (OFOMI) | TH OUTREACH MINISTRIES INTERNATIONAL (OFOMI) | 1164401 | CC16a | |||
|---|---|---|---|---|---|---|---|---|
| Receipts and payments accounts | ||||||||
| For the period from |
01/11/22 | To | 3 | 1/10/23 | ||||
| Section A Receipts and payments | ||||||||
| Unrestricted funds |
Restricted funds |
Endowment funds | Total funds | Last year | ||||
| to the nearest £ |
to the nearest £ | to the nearest £ | to the nearest £ | to the nearest £ | ||||
| A1 Receipts | ||||||||
| Donations (Offerings, Tithes and Pledges) |
15,145 | - | - | 15,145 | 7,606 | |||
| - | - | - | - | - | ||||
| - | - | - | - | - | ||||
| - | - | - | - | - | ||||
| - | - | - | - | - | ||||
| - | - | - | - | - | ||||
| - | - | - | - | - | ||||
| - | - | - | - | - | ||||
| Sub total(Gross income for AR) |
15,145 | - | - | 15,145 | 7,606 | |||
| A2 Asset and investment sales, (see table). |
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| - | - | - | - | |||||
| - | - | - | - | - | ||||
| Sub total | - | - | - | - | - | |||
| Total receipts | 15,145 | - | - | 15,145 | 7,606 | |||
| A3 Payments | ||||||||
Rent |
8,893 | - | - | 8,893 | 5,460 | |||
| Transportation | 766 | - | - | 766 | - | |||
| Welfare | 2,835 | - | - | 2,835 | 2,248 | |||
| Outreach Programmes | 2,259 | - | - | 2,259 | 1,615 | |||
| Television and Telecommunication | 5,460 | - | - | 5,460 | 653 | |||
| Printingand Stationeries | 694 | - | - | 694 | 267 | |||
| - | - | - | - | - | ||||
| - | - | - | - | - | ||||
| - | - | - | - | - | ||||
| Sub total | 20,907 | - | - | 20,907 | 10,243 | |||
| A4 Asset and investment purchases, (see table) |
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| - | - | - | - | |||||
| - | - | - | - | |||||
| Sub total | - | - | - | - | - | |||
| Total payments | 20,907 | - | - | 20,907 | 10,243 | |||
| Net of receipts/(payments) | 5,762 - |
- | - | 5,762 - |
2,637 - |
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| A5 Transfers between funds | - | - | - | - | - | |||
| A6 Cash funds last year end | 20,289 | - | - | 20,289 | 22,926 | |||
| Cash funds this year end | 14,527 | - | - | 14,527 | 20,289 | |||
| Section B Statement of assets and liabilities a | t the end of the period | |||||||
| Categories | Details | Unrestricted funds | Restricted funds |
Endowment funds |
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| to nearest £ | to nearest £ | to nearest £ | ||||||
| B1 Cash funds | Cash in Bank | 14,527 | - | - | ||||
| - | - | - | ||||||
| - | - | - | ||||||
| Total cash funds | 14,527 | - | - | |||||
| (agree balances w ith receipts and payments account(s)) |
OK | OK | ||||||
| Unrestricted funds | Restricted funds |
Endowment funds |
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| Details | to nearest £ | to nearest £ | to nearest £ | |||||
| B2 Other monetary assets | - | - | - | |||||
| - | - | - | ||||||
| - | - | - | ||||||
| - | - | - | ||||||
| - | - | - | ||||||
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| Details | Fund to which asset belongs | Cost (optional) | Current value (optional) |
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| B3 Investment assets | - | - | ||||||
| - | - | |||||||
| - | - | |||||||
| - | - | |||||||
| - | - | |||||||
| Details | Fund to which asset belongs | Cost (optional) | Current value (optional) |
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| B4 Assets retained for the charity’s own use |
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| - | - | |||||||
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| Details | Fund to which liability relates | Amount due (optional) |
When due (optional) |
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| B5 Liabilities | - | |||||||
| - | ||||||||
| - | ||||||||
| - | ||||||||
| - | ||||||||
| Signed by one or two trustees on behalf of all the trustees |
Signature | Print Nam | e | Date of approval |
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| Padejo | Praise Ad | ejo | 10/10/2024 |