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2022-04-30-accounts

M16 Revival Foundation

Report and Accounts Year ended 30 April 2022

1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk

M16 REVIVAL FOUNDATION

LEGAL AND ADMINISTRATIVE DETAILS

FOR THE YEAR ENDED 30 APRIL 2022

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 INDEPENDENT EXAMINER Jaimée Young Stewardship 1 Lamb's Passage LONDON EC1Y 8AB

INDEX

Page 1 Legal and Administrative Details Pages 2-4 Trustees' Report Page 5 Independent Examiner'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 YEAR ENDED 30 APRIL 2022

The Trustees have pleasure in submitting the Report and Accounts for the year ended 30 April 2022.

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’.

Review 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:

May-21

Blackpool Mission

We launched our first M16 Revival Missions Team to Blackpool to participate in a public proclamation of the Gospel event on the streets with Pastor Adam Lee of the Cleveleys Elim Church. The team was led by Evangelist Kristian Lythe and they participated in preaching the Gospel on the streets, team prayers, handing out literature and ministering to the local church members on the Sunday morning. The aim is to launch M16 Revival Missions to other local towns in the surrounding areas.

These M16 Revival Missions were public and our aim was to do more in other locations but churches were slowly recovering from the impact of Covid 19.

Mar-22

M16 Revival Foundation Public Launch- The M16 Revival Evangelists Conference 24-26 March 2022

In March 2022 we launched the M16 Revival Foundation publicly by organising and hosting our first Evangelists Conference in the heart of Wembley, London. We gathered 250 people at the Leadership Training Centre in Wembley over the course of three days and raised over £20,000. The Conference was hosted by Evangelists Kristian & Toyin Lythe and we had special guest evangelists such as Andrew Cannon (Gospel Grenades), Reuban Morley (BGEA), Dominic Leo Muir (Now Believe), David Chambers (CFAN) and Ian McDowall (UK) who taught on revival and evangelism. This was very successful for our first public gathering and many people gave one off gifts online and signed up to become monthly partners.

We released 200 evangelists to the streets to share the Gospel and 75 people responded to the Gospel and were given booklets about following Jesus. Due to the success of this conference we developed relationships with other Pastors & Evangelists across the UK to set up missions and training where they live. We also set in motion plans for another Evangelists Conference in South London for June 2022.

Page 2

Apr-22

First Watford Mission

On the 25[th] April we hosted our first mission in the heart of Watford, where the M16 Revival Foundation is based. We hosted an evangelistic ministry called Tough Talk in the High St. As we played Gospel Music, Tough Talk did a Weightlifting presentation and shared Jesus Stories. 20 Evangelists came together on the day to pray for the town and we hosted our first evangelism workshop in the Blessed Radio Station. 12 people made a decision to follow Jesus and are being followed up through local churches. We now have a team of 20 people who are willing to run further missions locally and to spread to other local towns.

Other major news and developments during this time were as follows:

Conclusion

The public launch of our First Evangelists Conference in Wembley London was very successful for us at the M16 Revival Foundation. We now have 250 Evangelists and 15 Churches that we have connected with nationally and who are engaging with our charity. We have 20 Evangelists across Watford and the surrounding towns to set up missions and training for the future. Despite some lockdown restrictions and churches coming slowly out of any remaining challenges, we still managed to launch publicly in 2022. It was a year of firsts: our first UK Mission to Blackpool, our first Evangelists Conference, our first Watford Mission and our First Watford Gathering.

In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.

Financial review

During the year income increased by £24,700, to £39,900, and expenditure increased by £10,000, to £11,200. As a result the cash held by the charity increased by £14,000, to £42,700, of which £42,000 is unrestricted and can be used for any charitable purpose.

Reserves policy

The trustees do not yet have a reserves policy in place, but confirm that this is in progress and expected to be agreed in the next few months.

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.

Page 3

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: 18 February 2023

Page 4

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

M16 REVIVAL FOUNDATION

I report to the trustees on my examination of the accounts of M16 Revival Foundation ('the charity') for the year ended 30 April 2022 on pages 6 to 8 following.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in accordance with section 130 of the 2011 Act; or

  1. the accounts do not accord with the accounting records.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Jaimée Young

Stewardship 1 Lamb's Passage LONDON EC1Y 8AB

Date: 20 February 2023

Page 5

M16 REVIVAL FOUNDATION

RECEIPTS AND PAYMENTS ACCOUNT

FOR THE YEAR ENDED 30 APRIL 2022

Notes
Income receipts
Donations
Gift aid receipts
Other grants
Income from courses and events
Other
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
£
£
30,141
-
-
-
4,921
-
4,825
-
12
-
39,898
-
11,232
-
11,232
-
28,666
-
-
-
28,666
-
13,332
-
41,999
-
Unrestricted Funds		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
666
666		 Total
2022
£
30,141
-
4,921
4,825
12
39,898
11,232
11,232
28,666
-
28,666
13,998
42,664		 Period 28May2020
to 30Apr2021
£
General
Funds
£
30,141
-
4,921
4,825
12
39,898
11,232
11,232
28,666
-
28,666
13,332
41,999
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 YEAR ENDED 30 APRIL 2022

A
Cash funds
Cash at bank with immediate access
B
Other monetary assets
Gift aid due to charity
Other debtors
C
Liabilities
Falling due within one year:
Unpaid expenses
Fee for Independent Examination		 General
Designated
funds
funds
£
£
41,999
-
41,999
-
-
-
47
-
47
-
-
-
780
-
780
-
Unrestricted Funds		 Restricted
funds
£
666
666
-
-
-
-
-
-		 Total
2022
£
42,664
42,664
-
47
47
-
780
780		 Period 28May2020
to 30Apr2021
£
13,998
13,998
-
-
-
3,051
450
3,501

D Assets retained for charity's own use

ets retained for charity's own use
Equipment		 Value
2022
£
6,000
6,000

The trustees have used insurance values as the trustees are unable to reliably estimate current values; insurance values may differ materially from current values.

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 18 February 2023 The notes on page 8 form part of these accounts.

Page 7

M16 REVIVAL FOUNDATION

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2022

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
Equipment
Conference and events costs
Media and website
Insurance
Governance and legal fees
Administration and support
Other costs		 Unrestrict Designated
funds
£
-
-
-
-
-
-
-
-
ed Funds		 Restricted
Funds
£
-
-
-
-
-
-
-
-		 Total
2022
£
1,817
7,609
856
359
489
44
58
11,232		 Period 28May2020
to 30Apr2021
£
General
funds
£
1,817
7,609
856
359
489
44
58
11,232
-
750
53
-
258
14
168
1,243

3 Transactions with related parties

One trustee received a total of £279 [2021: £0] for travel to attend conferences and events during the year. No other amounts were paid or are payable to any other trustees or persons connected to them.

4
Movement of funds
General funds
Restricted funds
Revival Africa project
Total funds		 Opening
balance
£
13,332
13,332
666
666
13,998		 Receipts
£
39,898
39,898
-
-
39,898		 Payments
£
(11,232)
(11,232)
-
-
(11,232)		 Transfers
£
-
-
-
-		 Closing
balance
£
41,999
41,999
666
666
42,664

The Revival Africa project is for food, grains and support for families and villages in Burkina Faso.

Page 8