Ch•Tity Regkntion No. 801113 Company R8gistratlon No. 02350178 {Engl*nd and Walo8} THROUGH FAITH MISSIONS ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
THROUGH FAITH MISSIONS LEGAL AND ADMINISTRATIVE INFORMATION Trust••8 And Dlrectors P A Sammons J R Borton V Jacobs C A Richards D J RobnS P Preston D Seade Chartty number 801113 Company numbor 02350178 Roglgternd office 14 BOorpe Rc PE13 2DX Independent Examiner lan W Shipley FCCA Prentis & Co LLP 115c Mitton Road Cambridge CB4 1XE
THROUGH FAITH MISSIONS CONTENTS Pag• Trustees, rep)rt Independent examinerfs report Stalefflenl of financial actNibes Balance sheet Notes to the financial $tstements 7-13
THROUGH FAITH MISSIONS TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2020 The trustees and directors present their rep)rt and finanaal slatemenls for the year ended 31 Dmber 2020. The finanual statements have been prepargj in ac¢ordanGe with the aCUnting policies set out in note 1 to the finanaal statements and comply with the chariws Memorandum and Arts'cles of Asso¢iation, the Companies Act 2006 and "Accounting and Reporting by Chanties.. Statement of Recommended Practs'ce applicable to charities preparing their accounts in accordan with the Finanual Reporting Standard applicable in the UK and Republ of Ireland IFRS 1021 (effeclive l January 2019)" Objectives and activities The Trustees have ferred to the Charity Commission's general guidaTr on Public Benefit when remewing our aims and objectives and in planning the Charity's future &tivihes and believe that the activrties of the charity clearly demonstrate a direct publ benefiL The charity's objects and powers are to a¢fvance, promote and maintain the Chri8tian Faith. In summary, the charity achieves these objectives by the follch¥ing activities; OTganise, hold and gNe ewangelistic missions meetings. servi. UreS. courses. conferences, schools Iresidenlial and non-iesidenlial) print, publish and distribute t)oks. b¢)kts. articles. papers, kafiets. poster5, banners and all other foms of literature and publicity matsTials support financial or OtheiSe. any Charitab purpose being undertaken by any irbstrtution or organisation whth orries on &tivilies for the advancement of the ch[tran faith Co-operate with other OrganisanS hawng similar obiectsves as theAssocialH)n organise and Promote exhibrtions. displays. o)nfererKes. Cou. study groups, vocational training and advertising of all kinds. The outsvorking of these owts is demonstrated in the acbviknes detai in the revie•¥ of the year. R¢vl•w of the Year A very drfFerent year as we have navigated through the Cowd-19 lockdowns. Nevertheless. all the mission staff h8ve been invofved in outreach. MISOnS were held in Cambridgeshire (Light 20201, 8asingstoke and Bumley as well as training events in Terrington (Mallon). Basingsloke, Monmouth and Barnsley. Strict social distancing rules were observed throughout and, for Light 2020 in particular. much was achieved virtually using video links and phone calls as well as s184 media posts. Sadly, though many activf(ies were cancdled and Staff WQTked from home for much of the year. In January, we welcomed Tao Hu as our new Mission and Prayer Secretary and she proved hersew invaluable very quickly as, due to illness. our Administrator DavKI Baslington had lo spend 2-monlhs on leave. We were grateful for the support of Roy Bradfiekl, one of our Trustees, and Mike Watts who retired last year, both of whom came into the office to keep things running and also SUPF)rt Tao. In Juty we hosted our annual Conferen though YouTub8, endeavouring to maintain ts)ntact with our friends and Supporters and this was well received. Communl¢ation8 We eonlinue to develop our communications with sUpPr5 and churches with whom we wo, particukdy using digitsl media as well as Iradrbonal paper mailings - very rethnt during lo(*down. A new video was filme¢J on the Basingstoke mission.
THROUGH FAITH MISSIONS TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 Looking forward Futuro Mlsslons in the UK During 2021. a number of missions and training events are plann&J desprte Covid restrictions although again many events will be on hold until $triCtns end. Our main event wll be a walk across the county from L(Avestoft to Sl DavKI's. IselY foll¢)wing the Via Beats pilgrim way. This will last for 11 weeks with teams Stan9 at t*)th ends and meeting in the middle. In early January we will have to vacate our Colon office due to legal i5sue$ which do not allow the renew81 of our lease. This will end a period of more than 35 years being based in the village. A sad departure and yel exciting as we begin a new chapter in our history. All staff will work from home until a new base can be found. Stsff Appointments As already noted, we welcomed Tao Hu in January and then in October we said 'Goc>Jbye' to Denise Frisby, our Finance Manager as she retired. Denise had tren with us since April 2008 and will be much missed. We also said farewell through the year to David Culhane as our Mission Expbrer in a gentle, grad1 way as he prepared to reb're and move home lo be Closer to famity. Dawd had been with TFM since almost tlE very beginning. serving on almost every mission Sin the Pennine Wdy Walk in 1991. His wisdom and counsel will be much missed. Financial The results for the year are sel out in the attached financial statements. The Charity had income of £1 $4,915 in the year, while £152,390 was expended on charitsble activiles. Unrestricled funds at the year-end amounted lo £117,10312019- £114,578). Charity rVeS amount8d to £112.9531£109.6961. The Trustees have established a policy whereby the LTrnrestricted funds not Ixjmmitied or inve81ed in tsngib fixed assets I'lhe free resees,) held by the chanty should be b&een four lo six weeks of the resources expended which equates lo £25.000 to £30.000 in general frjnds. At this level. the diiectors fael that they would k able to continue the current activitw of the charrty in the event of a signrficanl drop in funding. In the event of such an occurrence, it would obviousty be necessary lo consider how the funding would be replaced or activrties changed. The reserves at year end are in excess of this tsrget amount, bul the Trustees are confident that they will not prove excessive in the k)ng run. Risk management The trustees and directors have a5se5sed the major risks to which the charity is 8xposed, and are satisfied that systems are in pla to mitsgate exposure to the major risks. The direclors have implemented a risk management stratsw whKh wnprises.. An annual review of the risks which the tharity face; 8nd the establishment of systems and PrcUle$ lo mitigate those risks identified in the plan; and the implementation of procedures deSned to minimise any potenlh41 impact on the charity should any of those risk5 materiali%. Golng concern At the time of approving the financial statements. the trustees have a reasonable expectation that the charity has adequate resources to conb.nue in 0ratIOnal ext51ence for the foreseeable fvtu. The charity has eonsideTed the impact of COVID19 and the impact on ils forecasts and working capit81 qUireMents fcf a peri¢)d of 12 months from the date of signing these financial stslements. Thus, the trustees have ad(f)led the going ¢on¢em ba3is of acGounting in preparing these finanaal statements.
THROUGH FAITH MISSIONS TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 Fund Rai8lng The charity relies on grfts and donationg from indNidu8ls and churches. It does rbot receive any routine income from denominations or organlsans. It doe5 not charge for its work other than the eovering of certain expenses such as travel costs. As a routine, the Chanty does not fvnd raise allhough keeps 3UPPOrters informed of our financial standing. An increasing amount of funds are receNed from lega¢ies for whith we are very gralefvl. Structures gov¢rnanc• and managem•nt The organisation is a charitable eompany limf(ed by guarantee incorForated. in England and Wdles. on 21 February 1989 and subsequently registered with the Charity Commission on 11 April 1989. The Company was established under a Memorandum of Association which established the obj'ects 8nd powers of the charitable company and is govemed under its Arbcles of Assooabon. amended by special resolution on 16 April 2013 to comply with the provisions of the CompaniesAcl 2006_ The members of the t4)ard of trustees. v4ho a also the directors for the purpose of company law, and who seNed during the year and up to the date ol signature of the financial stslemenls were.. PASammons Rev M Saunders J R Borton V Jacobs C A Riehards D J Robbens P Preston K S Granville D Searfe Mr R Bradfield (Resigned 29 March 20211 {Resigned 1 De(*mber 2020) Trusteos There were no new Trustee app)intments through the year. Htr4ve¥er. we dKI say farewell to Roy Bradfield in Dember 2020. Governance and management The day-l04ay Charity management is delegated to senior stsff. the departure of Denise Frisby, our financial bookkeeping pa$sed lo our Administrator and we engaged Ensors Chartered Accountants lo ovwsee all our finance and reF)Qrting. The key management personnel a the dIred0 who are also the Trustees for Chariti&s Act purposes. The directors are not remunerated. The annual stsff salaries is discussed by the full Trustee board following recommendations made by the charityAdministrator. Trustees are appointed by invitation of the existing Trustees. The tees, rep)rt wa approved by the Board of Tru$tgesAnd Director5. P Preston Tru51ee Dated.. 20 July 2021
THROUGH FAITH MISSIONS INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES AND DIRECTORS OF THROUGH FAITH MISSIONS report to the trustees and directors on my examinalion of the financial statements of Through Faith Missions Ilhe charityl for the year ended 31 December 2020. Responslbllities and bas18 of r•port As the Irustees and directors of the charty (and also ils directors for the purposes of company law) you are responsible for the preparation of the financhgl ststements in e0rdance with the requirements of the Companies Act 2006 (the 2006 Act). Having Satisfied myself that the financial statements of the charity are not required to be audited under Part 18 of the 2006 Act and are eligible for independent examinab"on, I rekx)rt in respect of my examination of the charity's financial slalements carried out under section 145 of the Charities Act 2011 Ilhe 2011 Acll. In carrying out my examination I have followed all the 8pplTrble Direclion$ given by the Charity Commsssion under section 1451511bl of the 2011 Act. Independent examingrfs stat•m•nt I have completed my examination. I c>)nfirm that no matters have Come to my attention in connection with the examination giving me cause to believe that in any material respect". aoUntIng records were not kept in respect of the chanty as required by seeb.on 386 of the 2006 Act. or the financial slalemenls do not accord with those records.. or the financial statements do not comply wrth the accounting requirements of section 398 of the 2006 Act other than any requirement that the ac£ounts gNe a true and fair which is not a matter Considered as part of an independent examinatson". or the financial statements have not been prepared in accordance wrth the methcmjs and principlgs of the Statement of Recommended Practice for accounts.ng and reporbng by charib.es applicable to charities preparing their accounts in accordance with the Financial Reporb"ng Standard applicable in the UK and Republic of Ifeland IFRS 102). I have no eoncems and have come awss no other matters in connection with the examination to whth attention should be drawn in this report in order to enablg a proper understanding of the financial slalemenls to be reached. lan W Shipley FCCA Prentss & Co LLP 11 Sc Milton Road Cambridge C84 IXE Datsd..
THROUGH FAITH MISSIONS STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2020 Unrestricted unrestn.cted Restricted funds funds funds 2020 2019 2019 Total 2019 Nole8 Donations and legacies Charitable activiti8s Invesknents 149.824 5.056 35 177.269 11.630 47 500 177,769 11.630 47 Total incomo 154.915 188.946 500 189,446 Charitable activities 152.390 147.361 2,051 149,412 Net Income for the yearl Ngt movement In funds 2.525 41.585 (1,5511 40,034 Fund balances at 1 January 2020 114.578 72.993 1,551 74,544 Fund balance8 at 31 Do¢?mb•r 2020 117,103 114,578 114,578 The statement of finanaal aCtiVe8 includes all gains and losses rec£gnised in the year. All intsjme and expenditure derive from continuing activths. The statement of financial aebvities also complies with the requirements for an inccrfne and expenditure account under the CompaniesAct 2006.
THROUGH FAITH MISSIONS BALANCE SHEET AS AT31 DECEMBER 2020 2020 2019 Notes Flxed assets Tangible assets 10 4.150 4,882 Current assèts Stocks Debtors Cash at bank and in hand 11 12 1.141 20.974 96.913 450 2,238 117.259 119.028 119.947 Credttors: amounts falllng due within on• yoar 13 (6.07SI (10,251) Not current assets 112.953 109,696 Total assats I8 current liabllttle• 117.103 114.578 Income funds Unrestricted fund5 117,103 114,578 117,103 114,578 The company is entitled to the exemption from the audit requirement contsined in section 477 of the Companies A¢t 2006, for the year ended 310ecember 2020. Thg directors ackn¢)wledge their responsibilibes for ensuring that the charity keeps accounting rordS which compty with section 386 of the Act and for preparing financial statements whith give a true and fair view of the slate of affairg of the company as at the end of the finanual year and of rts incoming resources and application of reSoUrs, including its income and expendrture. for the financial year in accordance wrth the requirements of sections 394 and 395 and which otheiw5e compty with the requireff*nts of the Companies Act 2006 retating lo financial Ststements. so far as applicable to the company. The members have not required the company to obtain an audrt of its financial Statements for the year in quesb.on in accordance wrth section 476. These financial statements have been prepOTed in accordance with the provisions applicab to coMnieS subject to the small companies regime. ncial statements were approved by the Trustee5 And Directors on 20 Juty 2021 P Preston Trust00 Company Regl8trdtion No. 02350178
THROUGH FAITH MISSIONS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Accounting pollcieB Charity inforniation Through Faith Missions is a pnvate company limrted by guarantee incortKJred in EngLqnd and les. The re9islered office is 14 BowthorFe Road, Ihlsbech, PE13 2DX. 1.1 Accountlng convontlon The financial slaternents have en prepared in accordanee with tha charity's Memorandum and Articbs of Associabon, the Companies Act 20(l% and "Accounting and ReportJ"ng by Chartties.. Slalement of Recommended Practice applicable lo charibes preparing their accounts in accordance with the Financial Reporbng Standard applble in the UK and Republ of Ireland IFRS 102} (effective 1 January 20191" The charity is a Public Benefit Enb'ty as defined by FRS 102. The chanty has taken advantage of the provision5 in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Fk$. The financial ststemenls afe prepared in sleding, which is the functional eurrenry of the charity. Monetsry amounts in these financial ststements are rounded to the nearest £. The financial ststemenls have been ppared under the historical cost convention. modrfied to include th& revaluation of freehold Pfoperties and lo indude investrnent propert$ and c8rtain financial instruments at fair value. The principal accounting poIleS adopted are set out belryw. 1.2 Golng ¢oncern Al the time of approving the finanaal statements, the trustees and directo have a reasonable e>PeatiOn that the charity has adequate resourtss to continue in operab'onal existence for the foreseeable futtjre. Thus the Iruslees and directors continue lo adopt the goin9 conm basis of accounting in preparing the financial statements. 1.3 Charitablo fund8 Unrestricted funds are available for use at the dwetion of the trustees and directors in fvrtherance of their charitsble obJ'ective$. Reslrictgd funds are subject to specsfic condbtions by donors as to how they may be used. The purFKJse$ and use8 of the restricted fvnds are sel in the note5 to the financial statements. Endowment funds are sufy'ect to specific corKlibons by donors that the caprfal musl be maintsined by the charity. 1.4 In¢om• Income is recognised when the charity is legalty entiued to it after any perfomian¢ conditi'ons have been mel, the amounts can be measured reliabty. and il is probab that income wll be r1ved. Cash donations are reo)gnised on receipt. Other (hjnations a reccJnised once the charity has been notrfied of the donation, unless Performan conditions require deferral of the amount. Ineome lax r$Verable in relation lo donations received under GfftAid or ¢Jeeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise rf the chaTrty has been nolffied of an impending distribution, the amount is kn¢)wn. and receipt is expected. If the amount is not known, the legacy is treated a3 a Contingent asset
THROUGH FAITH MISSIONS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 Accounting pollclo8 {Continu6dl 1.5 Tanglble flxed ass•ts Tangible fixed assets are inrbalty measured at cost and subsequently measured at cost or valuation. net ol depreciation and any impaimient losses. Depreaalion is recc¥gnised so as to write off the cost or valuation of assets Sess their residual values over their useful lives on the followng bases.. Leasehold land and buildirvJs Plant and equipment Fixtures and fittings Straight line over 10 yea Straight line over 4 years Straight line over 4 years The gain or Ioss arising on the disposal of an asset is determined as the drfferen betsveen the sale proceeds and the carrying value of the asset. alld is recognised in net incomellexpenditurel for the year. 1.6 Impalment of fixod assets Al each reporting end date. the charity reviews the Carrying amounts of its tangible assets lo detemine whether there is any indication that those assets have suffered an impaiment kjss. If any such indtalion exists, the recoverable amount of the asset is estimated in order to determine the extent of the imppimient loss lif any). 1.7 Stocks Stocks are ststed al the lower of C4)sl and estimated selling PTFce less costs lo compfete and sell. Cost comprises direct materials and, Whe applicable, direct labour costs and those overhead5 that have been incurred in bringing the stod(s to their present kncation and condition. Items held for distribution at no or nominal consideration are measurgd the lower of replacement cost and cost. Nel realisable value is the estimated selling pr less all estimated c>)sts of ¢ompletion and costs lo be incurred in marketing, selling and distn"bulKJn. 1.8 Cash and cash equlvalents Cash and cash equivalents include cash in hand. d8posits held at call wth banks, other short-lefm liquid investments wrth original matunties of three months or less. and bank overdrafts. Bank overdrafts aro shown within oWingS in current liabilities. 1.9 Financlal Instruments The charity has elected to appty th8 prowsions of Section 11 'Basic Finaneial Instruments. and Section 12 'Other Financial Instwments Issues, of FRS 102 to all of its ffinancial instruments. Finaneral instruments are reccgnised in the charitys bakqnce sheet when the Charity becomes paty lo the contractual provisions of the instrumenL Finanaal assets and liabiliiies are offset. with the net amounts present8d in the financial sL*ments, when there is a legally enforceable right lo set off the recognised amounts and there is an intention to settle on a nel basis or lo realise the asset and setue the liabilty simullaneously. Baslc financial assots Basic financial assets, which include (lebtors and Cash and bank balan$. are initsalty measured * transaction price including Ir8nsaclion costs and a subsequentty carried at amortised cost using the effective interest method unlgss the arrangement constitules a finanung Iransaclion, where the traraCtIon is measured at the present value of the fijture receipts discounted at a market rate of interest Financial assets classffied as receivable wtthin one year a not amortised.
THROUGH FAITH MISSIONS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 Accounting policios Icontlnuedl Baslc financlal Ilabllltles Basic financial liabilrties, induding creditors and bank loans are iniknalty recognised al transaction price unless the arrangement constitutes a financing transaction, where the debl instrument is measured al the present value of the future payments discounted at a market fate of interesL Financial liabilrties dassified as payable within one year are not amortised. Debt instruments are subsequenuy carri&J at amoTbsed cost. using the effective interest rate method. Trade creditors are obligations to pay for g¢)ods or servi$ that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classtfied a5 current liabilities rf payment is due within one year or less. If not. they are presented as non-current liabiltties. Trade creditors are recognised initialty at transaction price and subsequenuy measured at amottsed cost using the effective interest method. DeOgnItIon of financial liabilities Financial liabilitses are derecogrbi5ed when the tharity's ¢xntrnctual obluations expire or are discharged or canlled. Critical a¢counllng •8tlmat•# and judgomonts In the application of the chanty's accounting policies, the trustees and directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other soUrs. The estimates and associated assumptions are based on hislortcal experience and other factors thal are considered to be relevant. Aclual results may differ frcbm these estimates. The estimates and undertying assumptn3 are revithved on an ongoing basis. Rewsions to accounting estimates are recognised in the period in whh the estsmale is revised where the revision affects only that period, or in the penod of the revisKJn and futu peiic*Js where the revision affects t¥)th Current and future periods. Donations and 1oga¢les Unrnstricted Unrestrthd Restricted nds fijnds funds Total 2020 2019 2019 2019 Donation8 and gifts Legac5 receivable Coronavirus Job Retenkn"on Scheme grant 126.452 21,347 2.025 177.269 500 177,769 149,824 177.269 500 177,769
THROUGH FAITH MISSIONS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 Charitable actlvltles 2020 2019 Missions Conferences and Training Events Sales of Literature and Customised good$ 3.201 1.253 602 2,776 4,314 4.540 5,056 11,630 Investments Unr•8tricted Unrestricted fund8 funds 2020 2019 Interest receivable 35 47 10-
THROUGH FAITH MISSIONS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 ChariLiblo a¢tivttl•8 2020 2019 Wages and salaries soal Securtty costs Pension contributions Grfts and Honorariums Missions Conferences and Training Events Literature and Customised Goods Movement in pension provision Office expenses Publiaty and Printing Motor Expenses and Travelling Repairs and maintenan Leasehold depreatIon 112,618 5,501 3,076 500 6,353 1,238 1,326 113,697 4,228 6.330 703 4,660 3,195 2,820 119,000) 15,653 11,028 3,689 12,397 2,968 3,040 491 1,551 149,508 148,554 Share of govemanee costs (see note 7) 2.882 858 152.390 149.412 Analy8iB by fund Unrestricted funds Restllcled funds 152,390 147.361 2.051 Governance costs Goveman¢• Costs 2020 Governance costs 2019 Independent examinerfs f Other accountancy fees 1.032 1.850 1.032 1.850 858 858 2,882 858 858 Analysed betsveen Charitable acb'vities 2.882 858 858 Trustee8 And Diroctors None of the Irustaes and directors lor any pgrwis connected with them) received any remuneration or benefits from the charity during the year. 11
THROUGH FAITH MISSIONS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 Employ89s Number of employees The average monthly number of empbyees during the yearwa$'. 2020 NuMr 2019 Numbèr Ministers Traineè Evangeli8t Adminislralor Part-time bookkeeper Part-time media eoordinalor Part-time secretaries There were no employees whose annual remuneration was £60,OCrf) or more. 10 Tanglble fLXOd assets L•a%hold Plant and FluTeS and nd and equipmont fiitlng Iwildin Total At 1 January 2020 Additions 29.338 761 36,397 1.707 66,496 1.707 Al 31 December 2020 29.338 761 38,104 68,203 Doproclation and Impairmwt Al 1 January 2020 Depreciation charged in the ygar 28.423 874 761 32.430 61,614 2,439 At 31 December 2020 29.297 761 33,995 64,053 Carrylng amount Al 31 December 2020 41 4.109 4,150 Al 31 December 2019 915 3.967 4,882 11 Sto¢k8 2020 2019 Finished goods and gcods for resa 1,141 450 12-
THROUGH FAITH MISSIONS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 12 D•btor8 2020 2019 Amounts falllng due wlthln ono year. Trade debtors Other debtors Prepayments and accrued income 256 1,436 546 19,841 1,133 20,974 2,238 13 Cr•dltor5: amounts falling du• wlthin one year 2020 2019 Trade creditors Other creditors Accruals and deferred income 6.385 1,831 2.235 1,057 5,018 6.075 10.251 14 Rèlated party transactions There w8r8 no disclosablg reLgted party transacbons during the year12019- none}. 13-