M16 Revival Foundation
Report and Accounts Period ended 30 April 2021
1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk
M16 REVIVAL FOUNDATION
LEGAL AND ADMINISTRATIVE DETAILS
FOR THE PERIOD ENDED 30 APRIL 2021
ADDRESS FOR CORRESPONDENCE 1 All Saints Crescent Watford WD25 0LU GOVERNING DOCUMENT CIO Constitution registered May 2020 CHARITY REGISTRATION NUMBER 1189702 TRUSTEES RESPONSIBLE FOR Abosede Ajayi MANAGING THE CHARITY Elizabeth Aladerun Kristian Lythe Oluwatoyin Lythe Hari Panthin BANKERS National Westminster Bank Plc ACCOUNTANT Stewardship 1 Lamb's Passage LONDON EC1Y 8AB
INDEX
Page 1 Legal and Administrative Details Pages 2-4 Trustees' Report Page 5 Accountant's report Page 6 Receipts and Payments Account Page 7 Statement of Assets & Liabilities Page 8 Notes to the Accounts
Page 1
M16 REVIVAL FOUNDATION
REPORT OF THE TRUSTEES
FOR THE PERIOD ENDED 30 APRIL 2021
The Trustees have pleasure in submitting the Report and Accounts for the period ended 30 April 2021.
Objects of the charity
The charity is governed by a constitution and is constituted as a charitable incorporated organisation. The object of the CIO is, for the public benefit, to advance the Christian faith in such ways as the Charity Trustees may from time to time decide.
Our purpose statement at the M16 Revival Foundation: ‘To Revive the Great Commission’.
Summary of the charity's main activities and achievements
To further the above objects and vision, the charity's main activities and achievements were as follows:
June 2020
100 days of Prayer & Fasting
We launched a series of 100 days of prayer and fasting and prayer training to train people in effective prayer. Through this initiative we had up to 50 people joining us for prayers for different parts of the UK and we started to make in roads in to new areas of the UK as a result of connecting with other charities and ministries across the UK. After this season of prayer and fasting which we continued until 250 days. This started in June 2020 and concluded in March 2021.
These gatherings were online due to the impact of Covid 19 otherwise these gatherings would have been in a public venue.
July 2020
The Evangelists Lockdown Conversations
The Evangelists Lockdown Conversations began where we gathered 14 different evangelists online to talk about the challenges we were facing during the lockdown and to equip each other with effective ideas and strategies to reach out to people in the nation with the gospel of Jesus Christ. This helped us to connect with other evangelists and charities who have a similar heart and vision as we do.
These gatherings were online due to the impact of Covid 19 otherwise these gatherings would have been in a public venue.
August 2020
M16 Revival HEALTH Event - Toyin & GB
We hosted an event online for NHS workers and doctors during the lockdown to support them through the challenges they were facing. We prayed with many of them and discussed some of the current challenges and future challenges that they may face during the lockdown. There were 30 NHS workers who tuned in online, we encouraged them to share the gospel and to focus on Jesus throughout this challenging time. The Event was hosted by our team Dr Toyin Lythe and Dr Abosede Ajayi.
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Kings Lynn Mission
We took a Missions Team to Kings Lynn to participate in a public proclamation of the Gospel event with Evangelist Dominic Leo Muir from Now Believe and Jesus Fields. A team of 8 of us went up to the town of Kings Lynn and saw many people respond to the gospel on the streets of Kings Lynn. We also had a chance to meet with other people from across the UK.
St Peters, Broadstairs Mission
We took a Missions team of 10 to St Peters, Broadstairs where we connected as a team and inspired the church in evangelism. We saw a few people respond to the gospel as we linked with Pastor Alan Osborn from the local Elim Church.
October 2020
Africa Appeal for Burkina Faso
We raised funds on the Stewardship fundraising platform in October – November 2020 to distribute food grains in Burkina Faso with Pastor Osakue and Maria Akioya. We raised over £500 for this project. The project was put on hold as we were waiting for Pastor Osakue to establish a charity account. The amount is held in restricted funds until this matter is resolved.
January 2021
M16 Revival Foundation Online Launch
We officially launched the charity in January 29-31, 2021 with an online launch due to the impact of lockdown and the limitations introduced on most public gatherings in churches and charities across the UK.
We gathered 200 people online over the course of three days and raised over £5000. We had special guests such as Robert Liardon (USA), Marilyn Harry (Wales) and Ian McDowall (UK) who taught on revival and evangelism. This was a very successful first gathering and many people gave one off gifts and signed up to become monthly partners.
Other major news and developments during this time were as follows: M16 Revival Website, Facebook and Instagram pages.
Conclusion
This launch period has been challenging but successful for us at the M16 Revival Foundation. We now have 200 people that are engaging with our charity through the launch phase, plus 14 Evangelists across the UK for future partnership through our evangelists' conversation and 30 NHS workers we can continue to support through our charity objectives. Despite the lockdown restrictions on gatherings, we still managed to have some small team missions to different parts of the UK to spread the gospel.
In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.
Reserves policy
This is the first year of operation and the trustees do not yet have a reserves policy. They are aiming to have a policy in place very soon.
Governance
Responsibility for setting policy and for making operating decisions rest with the trustees who meet regularly to monitor the activities of the charity. New trustees (who are members) are recruited and appointed by the existing trustees.
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Responsibilities of trustees
Charity law requires us as Trustees to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year.
We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011.
We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.
Approval
This report was approved by the trustees and signed on their behalf by:
Elizabeth Aladerun
Date: 24 February 2022
Page 4
ACCOUNTANT’S REPORT ON THE FINANCIAL STATEMENTS OF AN UNAUDITED CHARITY
Accountant’s Report to the Trustees on the Preparation of the Unaudited Statutory Accounts of the M16 Revival Foundation for the period ended 30 April 2021.
In order to assist you to fulfil your duties under the Charities Act 2011, we have prepared for your approval the accounts of the charity for the period ended 30 April 2021, as set out on pages 6 to 8, from the accounting records and from information and explanations you have given us.
This report is made solely to the Trustees of the charity, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of the charity and state those matters that we have agreed to state to the Trustees of the charity. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and its Trustees as a body for our work or for this report.
It is your duty to ensure that the charity has kept adequate records and to prepare statutory accounts that meet the requirements of the Charities Act 2011 for the charity. You consider that the charity is exempt from the statutory audit requirement for the year and is eligible to prepare ‘Receipts and Payments’ accounts.
We have not been instructed to carry out an audit or review of the accounts of the charity. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Stewardship 1 Lamb’s Passage London EC1Y 8AB
Dated: 25 February 2022
Page 5
M16 REVIVAL FOUNDATION
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE PERIOD ENDED 30 APRIL 2021
| Notes Income receipts Donations Gift aid receipts Other grants Total receipts Payments 2 Total payments Transfers between funds 4 Net movement in funds Cash funds as at last year end Cash funds at this year end A Net of receipts / (payments) before transfers Payments in relation to charitable activities undertaken directly |
General Designated Funds Funds £ £ 8,375 - - - 6,200 - 14,575 - 1,243 - 1,243 - 13,332 - - - 13,332 - - - 13,332 - Unrestricted Funds |
Restricted Funds £ 666 - - 666 - - 666 - 666 - 666 |
Period 28May2020 to 30Apr2021 £ |
|---|---|---|---|
| 9,041 - 6,200 |
|||
| 15,240 | |||
| 1,243 | |||
| 1,243 | |||
| 13,998 - |
|||
| 13,998 - |
|||
| 13,998 |
The notes on page 8 form part of these accounts.
Page 6
M16 REVIVAL FOUNDATION
STATEMENT OF ASSETS AND LIABILITIES
FOR THE PERIOD ENDED 30 APRIL 2021
| A Cash funds Cash at bank with immediate access B Other monetary assets C Liabilities Falling due within one year: Unpaid expenses Fee for bookkeeping and accounts preparation |
General Designated funds funds £ £ 13,332 - 13,332 - - - 3,051 - 450 - 3,501 - Unrestricted Funds |
Restricted funds £ 666 666 - - - - |
Period 28May2020 to 30Apr2021 £ |
|---|---|---|---|
| 13,998 | |||
| 13,998 | |||
| - | |||
| 3,051 450 |
|||
| 3,501 |
D Assets retained for charity's own use
The charity does not own any assets.
E Guarantees and secured debts
The charity has not given any guarantees and has not provided its assets as security for any liabilities.
The accounts were approved by the trustees and signed on their behalf
by date Elizabeth Aladerun 24 February 2022
The notes on page 8 form part of these accounts.
Page 7
M16 REVIVAL FOUNDATION
NOTES TO THE ACCOUNTS
FOR THE PERIOD ENDED 30 APRIL 2021
1 Accounting policies
The accounts have been prepared on a receipts and payments basis and comprise a statement that shows the charity's receipts and payments, a statement that summarises the charity's assets and liabilities and related notes. The accountancy profession have determined that only accounts prepared in accordance with applicable accounting standards present a 'true and fair' view and, as these receipts and payments accounts have not (and cannot) be prepared in accordance with accounting standards, these accounts do not present (and are not intended to present) a 'true and fair' view of the charity's financial activities and state of affairs.
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.
| 2 Payments in relation to charitable activities undertaken directly Conference and events costs Media and website Governance and legal fees Administration and support Other costs |
Unrestrict | Designated funds £ - - - - - - ed Funds |
Restricted Funds £ - - - - - - |
Period 28May2020 to 30Apr2021 £ |
|
|---|---|---|---|---|---|
| General funds £ 750 53 258 14 168 1,243 |
|||||
| 750 53 258 14 168 |
|||||
| 1,243 |
3 Transactions with related parties
No payments were made to trustees or persons related to them, except for reimbursement of expenses paid out on behalf of the charity.
| 4 Movement of funds General funds Restricted funds Revival Africa project Total funds |
Opening balance £ - - - - - |
Receipts £ 14,575 14,575 666 666 15,240 |
Payments £ (1,243) (1,243) - - (1,243) |
Transfers £ - - - - |
Closing balance £ 13,332 |
|---|---|---|---|---|---|
| 13,332 | |||||
| 666 | |||||
| 666 | |||||
| 13,998 |
The Revival Africa project is for food, grains and support for families and villages in Burkina Faso.
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