2022-12-31-accounts - Advance International Ministries

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Annual Report and Financial Statements for the Year Ended 31 December 2022

Advance International Ministries

Charity registration number: 1084190

Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF

ADVANCE INTERNATIONAL MINISTRIES

CONTENTS (CONTINUED)

Reference and Administrative Details	1
Trustees' Report	2 to 4
Independent Examiner's Report	5
Statement of Financial Activities	6
Balance Sheet	7
Notes to the Financial Statements	8 to 12

ADVANCE INTERNATIONAL MINISTRIES

REFERENCE AND ADMINISTRATIVE DETAILS

Trustees

Gerry George Rose George Pam Storey Tim Jackson (resigned 11 October 2022) Bob Wilson (appointed 4 May 2022)

Charity Registration 1084190 Number Principal Office 170 Spring Plat Pound Hill Crawley West Sussex RH10 7DF Independent Examiner G W Schulz ACMA Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF Bankers Lloyds Bank Plc The Broadway Crawley West Sussex RH10 1DU

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ADVANCE INTERNATIONAL MINISTRIES

TRUSTEES' REPORT

The trustees present the annual report together with the financial statements of the charity for the year ended 31 December 2022.

Objectives and activities

Objects and aims

The Charity supports overseas mission, principally in Uganda. Within the UK it provides drop-in support for those in need.

Public benefit

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Achievements and performance

Review of activities

We are happy to report that in many ways, 2022 has been an outstanding year for the Charity. Uganda has now been declared Covid free, subject to certain restrictions, and Pastor Dan has made a good recovery from his illness.

There are now 600 students at the school in Kiyindi and over 50 teachers. The school received an excellent report from the School Inspectors when they visited this year.

The school buildings have been totally refreshed, as has the Medical Centre. The original church hall has been restructured to become the new birthing centre, with facilities for dental care, AIDs counselling and consulting rooms.

We have also been able to help families in need in Kiyindi with food and essentials during these difficult times.

We anticipate a fall in income during 2023, so the scale of our activities will be reduced and we have no plans to visit Uganda in the near future.

We give thanks to God for all He has enabled us to do over the years to help the people of Kiyindi, none of which would have been possible without the generosity of our donors.

Financial review

The principal source of income in the year was from gifts. Total incoming resources in the year amounted to £41,966 (2021 - £44,772) and expenditure was £51,756 (2021 - £49,832), the deficit being £9,790 (2021 - deficit £5,060). The balance on general funds carried forward amounted to £2,785 ( 2021 - £12,575).

Going concern

After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.

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ADVANCE INTERNATIONAL MINISTRIES

TRUSTEES' REPORT (CONTINUED)

Structure, governance and management

Nature of governing document

Advance International Ministries is a registered charity, number 1084190, and is constituted under a Trust deed.

Recruitment and appointment of trustees

The management of the Charity is the responsibility of the trustees who are elected and co-opted under the terms of the Trust deed.

Risk management

The trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

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ADVANCE INTERNATIONAL MINISTRIES

TRUSTEES' REPORT (CONTINUED)

Statement of Responsibilities

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The annual report was approved by the trustees of the charity on 20 February 2023 and signed on its behalf by:

......................................... Gerry George Trustee

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ADVANCE INTERNATIONAL MINISTRIES

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ADVANCE INTERNATIONAL MINISTRIES

I report to the trustees on my examination of the accounts of Advance International Ministries for the year ended 31 December 2022.

Responsibilities and basis of report

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

I report in respect of my examination of the Advance International Ministries'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 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:

accounting records were not kept in respect of Advance International Ministries as required by section 130 of the Act; or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

...................................... G W Schulz ACMA Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF

20 February 2023

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ADVANCE INTERNATIONAL MINISTRIES

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022

Note Unrestricted funds £ Income and Endowments from: Donations and legacies 2 40,346 Total income 40,346 Expenditure on: Charitable activities 3 50,136 Total expenditure 50,136 Net expenditure (9,790) Net movement in funds (9,790) Reconciliation of funds Total funds brought forward 12,575 Total funds carried forward 8 2,785	Restricted funds £ 1,620 1,620 1,620 1,620 - - - -	Total 2022 £ 41,966 41,966 51,756 51,756 (9,790) (9,790) 12,575 2,785	Total 2021 £ 44,772
			44,772
			49,832
			49,832
			(5,060)
			(5,060) 17,635
			12,575

The notes on pages 8 to 12 form an integral part of these financial statements. Page 6

ADVANCE INTERNATIONAL MINISTRIES

BALANCE SHEET AS AT 31 DECEMBER 2022

Note Current assets Debtors 6 Cash at bank and in hand Creditors: Amounts falling due within one year 7 Net assets Funds of the charity: Unrestricted income funds Unrestricted funds Total funds 8	2022 £ 300 3,055 3,355 (570) 2,785 2,785 2,785	2021 £ 1,152 11,963
		13,115 (540)
		12,575
		12,575
		12,575

The financial statements on pages 6 to 12 were approved by the trustees, and authorised for issue on 20 February 2023 and signed on their behalf by:

......................................... Gerry George Trustee

The notes on pages 8 to 12 form an integral part of these financial statements. Page 7

ADVANCE INTERNATIONAL MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

Statement of compliance

The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

Basis of preparation

Advance International Ministries meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Donations and legacies

Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.

Gift aid

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category.

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ADVANCE INTERNATIONAL MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Grant provisions

Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Liabilities

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

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ADVANCE INTERNATIONAL MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)

2 Income from donations and legacies

Unrestricted funds General £ Donations and legacies; Donations 40,211 Gift aid reclaimed 135 40,346 3 Expenditure on charitable activities Unrestricted funds Note General £ Postage, computer, etc 127 Bank charges - Miscellaneous 150 Independent examination 570 Grant funding of activities 4 49,289 50,136	Restricted funds £ 1,620 - 1,620 Restricted funds £ - - - - 1,620 1,620	Total 2022 £ 41,831 135 41,966 Total 2022 £ 127 - 150 570 50,909 51,756	Total 2021 £ 43,620 1,152
			44,772
			Total 2021 £ 826 113 - 540 48,353
			49,832

4 Grant-making

Analysis of grants

Grants

Grants to	institutions
2022	2021
£	£
50,909	48,353

5 Trustees remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

No trustees have received any reimbursed expenses or any other benefits from the charity during the year.

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ADVANCE INTERNATIONAL MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)

6 Debtors

6 Debtors
Accrued income 7 Creditors: amounts falling due within one year Accruals 8 Funds Balance at 1 January 2022 £ Incoming resources £ Unrestricted funds *General* General Funds 12,575 40,346 Restricted funds Child sponsorship - 1,620 Total funds 12,575 41,966 Balance at 1 January 2021 £ Incoming resources £ Unrestricted funds *General* General Funds 17,635 42,232 Restricted funds Child sponsorship - 2,540 Total funds 17,635 44,772	2022 £ 300 2022 £ 570 Resources expended £ (50,136) (1,620) (51,756) Resources expended £ (47,292) (2,540) (49,832)	2021 £ 1,152
		2021 £ 540
		Balance at 31 December 2022 £ 2,785 -
		2,785
		Balance at 31 December 2021 £ 12,575 -
		12,575

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ADVANCE INTERNATIONAL MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)

9 Analysis of net assets between funds

9 Analysis of net assets between funds
Current assets Current liabilities Total net assets Current assets Current liabilities Total net assets	Unrestricted funds General £ 3,355 (570) 2,785 Unrestricted funds General £ 13,115 (510) 12,605	Total funds at 31 December 2022 £ 3,355 (570)
		2,785
		Total funds at 31 December 2021 £ 13,115 (510)
		12,605

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