Faith Up - Charities report - 22.2
Faith Up - Charities report - 22.2
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Unaudited Financial Statements |
| for the Year Ended 31 May 2023 |
| for |
| Faith Up |
| Faith Up |
| Contents of the Financial Statements |
| for the year ended 31 May 2023 |
| Page |
| Report of the Trustees | 1 | to | 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 | to | 11 |
| Faith Up (Registered number: 06917504) |
| Report of the Trustees |
| for the year ended 31 May 2023 |
| The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 May 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). |
| OBJECTIVES AND ACTIVITIES |
| Objectives and aims |
| The Charity's aim is to promote Christian education and evangelism and help relieve poverty, suffering and distress and prevent disease among the people of the world. The grants made by the charity in the annual period reflect these objectives, in particular the promotion of Christian education and evangelism. |
| Faith up has continued to give to charities, people and organisations involved with Christian education, evangelism and wellbeing of those in the UK and abroad. There has been a significant focus on city transformation for the good and the wellbeing of those living in cities. 'City Vision' is the umbrella name under which a range of Faith Up initiatives, projects and partnerships, set up by one of the Faith Up trustees, has operated. City Vision has continued to gain momentum around the UK and in Africa working with church leaders, civic leaders, charities, Christian ministries and organisations. It has been developing a body of sharable knowledge and facilitating connections between likeminded people in different cities. |
| Faith Up (Registered number: 06917504) |
| Report of the Trustees |
| for the year ended 31 May 2023 |
| OBJECTIVES AND ACTIVITIES |
| Significant activities |
| The last year has been another year of progress for the charity. |
| Development of our Organisation Development Consultancy |
| As with previous years, the majority of the work undertaken by Faith Up operated under the sub brand of City Vision. Much time was again spent with Christian leaders in different cities, in this country and abroad, and in the church, business, charities and local government sectors. We have developed a consulting model for change that educates church leaders about ways in which they can work together more coherently as one body for the benefit of the city in which they are based. Faith Up continued to develop its strategic focus. |
| Areas of Activity |
| Our main areas of activity continue to be focussed on: |
| a) Continued development of the digital platform for co-learning and leader to leader collaboration |
| b) Church education and communications via video |
| c) Ongoing development sessions with Christian leaders on a regular basis in person and via zoom |
| d)The growth of our work with church leaders in Africa |
| e) Conferences |
| Projects in Africa |
| We have continued to expand our work into Africa, especially in Uganda using the zoom medium to beam preaching and teaching from the UK to that country. |
| Digital Communication Platform |
| As with last year, development of the digital communications platform continued. The platform is designed to enable Christian leaders in cities to work with each other preparing to work together with civic leaders more effectively and with peers in other cities. As stated in previous year's City Vision reports, our vision is to integrate the disparate activities offered by churches in cities to enable a more coherent suite of services to be provided to each city by the church. |
| Continued growth both Nationally and Internationally |
| City Vision has continued to grow in influence. Almost daily Zoom calls were undertaken with Christian leaders around the UK to develop strategy as outlined above. Thinking around the concept of a grand central station knowledge base for all matters relating to the transformation of cities has continued as part of the development of the digital platform. The model established in earlier years through organising the visit of church leaders to Brantford in Canada continued with a dozen church leaders from the UK participating in a weekend study tour to Amsterdam to meet church leaders there and learn about transformational work taking place in Holland. |
| Regular Zoom sessions were conducted within the City Vision community. |
| Morning prayer sessions continued regularly through the year three times a week hosted by invite facilitators. |
| City Vision Governance Advisory meetings continued approximately every 6 weeks |
| Conferences |
| Tony Hodges, our founder, spoke at the following Christian conferences through the year. |
| Unique Women Retreat Conference - 1-3 July 2022 in London: the conference was well attended by Christian leaders across the UK. |
| Portsmouth leaders' evening in Portsmouth - 11 May 2023 |
| Tony spoke at the first Portsmouth Lord Mayor's Prayer Breakfast on 12 May 2023, around 100 people came, this was arranged by Daniel Harman (a member of the CV and at whose church we did the annual prayer conference last year) |
| Workshops |
| A real engine of progress for Faith Up (City Vision) has been its continuing work with Christian leaders in Wakefield by means of facilitated workshops led by the founder and other City Vision team leaders. The Bishop of Wakefield and another 10 church and ministry leaders have attended over 40 workshops now on a regular basis. These workshops have become the epicentre of the learning culture City Vision is seeking to develop in Wakefield and other cities. |
| Video Production and Video Communication Strategy |
| Faith Up (Registered number: 06917504) |
| Report of the Trustees |
| for the year ended 31 May 2023 |
| OBJECTIVES AND ACTIVITIES |
| The year again saw extensive use of the video medium. Given the success of the strategic workshops for the Bishop of Wakefield and church leaders in Wakefield, facilitated by Faith Up (under the guise of City Vision) these led to joint Easter and Christmas projects including the launch of a prayer app in the city. |
| In order to keep our CV community updated on the various activities we produce regular update videos. |
| 11 x CV Update videos (Oct 2022 - May 2023) |
| Interview with Phil Hardwick (Prayer App)(May 2023) |
| 2 x 'How to' videos for Pray Every Street (March 2023) |
| Highlights video of launch event for Pray Every Street (March 2023) |
| Promo video for Pray Every Street 2023 (March 2023) |
| Christmas Hope event highlights (Dec 2022) |
| Highlights video of City Vision mini summit FLC gathering in London (Dec 2022) |
| Promo video for KLM (July 2022) |
| Prayer walking 2022 celebration video (June 2022) |
| Vision Wakefield update video (May 2022) |
| Other relationships |
| Support for and with our partners at The Eternal Wall of Answered Prayer continued. This is a significant national initiative to build a one million brick / one million answered prayers database as a national monument to answered prayer. As a £12-14m project, a long view is being taken but City Vision is pleased to be associated with the project. City Vision gives occasional consultancy support and advice on a pro bono basis. |
| Public benefit |
| Education, ministry, encouragement and support for Christian purposes continue to be the aim of Faith Up. The branding of 'City Vision' has however been the presenting face for much of Faith Ups activities as the work becomes more and more focused on cities and wellbeing of those living in them. The foundation belief of City Vision is that the Christian God has the wellbeing of all people in a city in mind and wills their highest good whether they be of the Christian faith, other faiths or no faith. In addition, our founder was appointed as the Chair of Wakefield BID (Business Improvement District). For him this proved to be a learning ground to better understand how the city works in preparation of bringing the combined church in Wakefield together with other significant stakeholders in the city. |
| Giving |
| Unique Women £1,500; Salvation Army £670, Other £1,285 |
| Governance Board |
| The Faith Up advisory board, under the guise of City Vision, continued to meet approximately every 4-6 weeks. Dennis Pethers, the founder of The Rooftop ministry, continued as Chair. The board continued to enjoy the support of Andrew Rogers who previously ran the insurance division of HSBC in the Middle East, Celia Apeagyei-Collins, President of Rehoboth Ministries and Mike Brickley, previous President of the Silicon Valley Bank and President of the Pocket Testament League. |
| Staff |
| People employed by Faith Up: |
| Naz Masih: Operations Lead |
| Charis Dirdova: Media Lead |
| Annemarie Visoinau-Kanatas: Strategic Lead (part time) |
| Anna Spreckley: Communications Specialist (part time) |
| Sarah Feroz: Junior Media Assistant (part time |
| ACHIEVEMENT AND PERFORMANCE |
| Charitable activities |
| City Vision continues to be recognised as a national peace building initiative aimed at bringing the love, peace and righteousness that is central to the Christian gospel, to city leaderships. Our work is one of reconciliation and facilitation, seeking to bring pulpit and marketplace together with civic leaders. |
| Faith Up (Registered number: 06917504) |
| Report of the Trustees |
| for the year ended 31 May 2023 |
| ACHIEVEMENT AND PERFORMANCE |
| June 2022 - May 2023 Significant activities: |
| Event |
| Regular: Facilitators Learning Community (FLC) Workshops |
| Regular: Vision Wakefield (VW) Workshops |
| Regular: Three times a week hosted morning prayer sessions |
| Regular: City Vision Governance Advisory Group zoom calls |
| Regular: Weekly services with Pastor Elijah in Uganda |
| Regular: Platform developers, frequent meetings about development |
| Countless zoom meetings with various leaders throughout the year |
| Other: |
| Vision Wakefield: Awayday at Heath hall 23/5/23 |
| AMH: Speaking engagement, first Portsmouth Lord Mayor's Prayer Breakfast 12/5/23 |
| AMH: Speaking engagement, Portsmouth leaders (eve) 11/5/23 |
| Gather Leadership Lunch (at Heath Hall) 4/5/23 |
| VW: Bishop's breakfast, Wakefield Cathedral 28/04/23 |
| CV: 3 Cities lunch (Leeds, Sheffield & Wakefield) 21/4/23 |
| AMH: Speaking engagement at Houses of Commons 19/4/23 |
| AMH: Parliamentary dinner (org. by David Lloyd) 17/3/23 |
| VW: Bishop's breakfast, Wakefield Cathedral 11/01/23 |
| VW: Bishop's breakfast, Wakefield Cathedral 15/12/22 |
| CV: Chilli evening at Heath Hall (guest, Mike Brickley) 9/12/22 |
| VW: Christmas Hope event (Treacy Hall) 3/12/22 |
| Uganda: 3-day conference 23-25 / 11/22 |
| VW: Awayday at Heath Hall 7/11/22 |
| VW: Bishop's breakfast, Wakefield Cathedral 19/7/22 |
| City Vision Amsterdam Study Tour 1-4 /9/22 |
| VW: Bishop's breakfast, Wakefield Cathedral 12/7/22 |
| CV Online breakfast, speaker: Dennis Pethers 8/7/22 |
| National Parliamentary breakfast live stream 5/7/22 |
| AMH: Speaking engagement OBA Retreat event 1st, 2nd & 3rd /7/22 |
| VW: Bishop's breakfast, Wakefield Cathedral 23/6/22 |
| Gather event in Manchester 21st and 22nd /6/22 |
| CIB networking event in Leeds 16/6/22 |
| VW: Celebratory lunch (Prayer Every Street Initiative) 6/6/22 |
| FINANCIAL REVIEW |
| Principal funding sources |
| As in previous years Faith Up has been privately financed by the founders and has not actively sought financial support externally. |
| Reserves policy |
| The Policy relates to our General Fund and includes our bank account .The Policy is to maintain general cash reserves, equivalent to at least twelve months average expenditure. The General Fund cash balances stood at £6,865, (2022 £39,143) at the 31st May 2023. Twelve months average expenditure would be equivalent to approximately £90,000, based on 2023/24 budget |
| FUTURE PLANS |
| A notable feature of the year continued to be the development of the online social media business group to facilitate dialogue, education and encouragement via an intra-city and inter-city knowledge sharing network. During the year numerous presentations, workshops, Zoom calls and face to face meetings were held with visitors to City Vision at Unity Hall to advance mutual understanding, continue informal research and build relationships. |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Governing document |
| The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. |
| Faith Up (Registered number: 06917504) |
| Report of the Trustees |
| for the year ended 31 May 2023 |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Registered Company number |
| Registered Charity number |
| Registered office |
| Trustees |
| Independent Examiner |
| Simon Hart |
| Simon Hart FCCA |
| Hart Wright Accounting |
| Chartered Certified Accountants |
| 24 Hall Drive |
| Sutton In Craven |
| North Yorkshire |
| BD20 7NH |
| Approved by order of the board of trustees on |
| Independent Examiner's Report to the Trustees of |
| Faith Up |
| Independent examiner's report to the trustees of Faith Up ('the Company') |
| I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 May 2023. |
| Responsibilities and basis of report |
| As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). |
| Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the 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 matters have come to my attention in connection with the examination giving me cause to believe: |
| 1. | accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or |
| 2. | the accounts do not accord with those records; or |
| 3. | the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or |
| 4. | the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). |
| I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. |
| Simon Hart |
| Simon Hart FCCA |
| Hart Wright Accounting |
| Chartered Certified Accountants |
| 24 Hall Drive |
| Sutton In Craven |
| North Yorkshire |
| BD20 7NH |
| Date: ............................................. |
| Faith Up |
| Statement of Financial Activities |
| for the year ended 31 May 2023 |
| 2023 | 2022 |
| Unrestricted | Total |
| fund | funds |
| Notes | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies | 2 | 161,927 | 231,976 |
| EXPENDITURE ON |
| Charitable activities |
| Governance costs | 163,590 | 114,016 |
| Other | 33,117 | 80,169 |
| Total |
| NET INCOME/(EXPENDITURE) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward | ( |
) |
| TOTAL FUNDS CARRIED FORWARD | 36,957 |
| Faith Up (Registered number: 06917504) |
| Balance Sheet |
| 31 May 2023 |
| 2023 | 2022 |
| Unrestricted | Total |
| fund | funds |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 8 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 9 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| NET ASSETS |
| FUNDS |
| Unrestricted funds | 36,957 |
| TOTAL FUNDS | 36,957 |
| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006. |
| The trustees acknowledge their responsibilities for |
| (a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
| These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
| The financial statements were approved by the Board of Trustees and authorised for issue on |
| Faith Up |
| Notes to the Financial Statements |
| for the year ended 31 May 2023 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
| Income |
| All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. |
| Expenditure |
| Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. |
| Tangible fixed assets |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
| Fixtures and fittings | - |
| Related party exemption |
| The charitable company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
| Taxation |
| The charity is exempt from corporation tax on its charitable activities. |
| Fund accounting |
| Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
| Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
| Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
| Pension costs and other post-retirement benefits |
| The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. |
| Faith Up |
| Notes to the Financial Statements - continued |
| for the year ended 31 May 2023 |
| 2. | DONATIONS AND LEGACIES |
| 2023 | 2022 |
| £ | £ |
| Gifts |
| Donations |
| 3. | SUPPORT COSTS |
| Governance |
| Management | Finance | costs | Totals |
| £ | £ | £ | £ |
| Other resources expended | 16,282 | - | - | 16,282 |
| Governance costs | 159,385 | 35 | 4,170 | 163,590 |
| 175,667 | 35 | 4,170 | 179,872 |
| 4. | NET INCOME/(EXPENDITURE) |
| Net income/(expenditure) is stated after charging/(crediting): |
| 2023 | 2022 |
| £ | £ |
| Accountancy | 120 | 120 |
| Depreciation - owned assets |
| 5. | TRUSTEES' REMUNERATION AND BENEFITS |
| There were no trustees' remuneration or other benefits for the year ended 31 May 2023 nor for the year ended 31 May 2022. |
| 6. | STAFF COSTS |
| The average monthly number of employees during the year was as follows: |
| 2023 | 2022 |
| Administration |
| Faith Up |
| Notes to the Financial Statements - continued |
| for the year ended 31 May 2023 |
| 7. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and |
| fittings |
| £ |
| COST |
| At 1 June 2022 and 31 May 2023 |
| DEPRECIATION |
| At 1 June 2022 and 31 May 2023 |
| NET BOOK VALUE |
| At 31 May 2023 |
| At 31 May 2022 |
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Other debtors |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Trade creditors |
| Other creditors |
| Accrued expenses |
| 10. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2023 | 2022 |
| £ | £ |
| Within one year |
| The organisation entered into a rental agreement with Unity Hall for two offices on a 1 year renewable contract . |
| 11. | RELATED PARTY DISCLOSURES |