Wolverhampton Aslan Chrlstlan Fellowshlp Charlty No. 1086135 Trustees, Report and Unaudlted Accounts 31 March 2025 Wolverhampton Aslan Chrlstlan Fellowshlp CONTENTS Pa8es Trustee5' Annual Report Independent Examiner's Report Statement of Financial Activities 2to3 Balance Sheet Statement of Cash flows Notes to the Accounts 8t013 Detailed Statement of Financial Activities 14to15 Page I Wolverhampton Asian Christian Fellowshlp TRUSTEES ANNUAL REPORT The Trustees present their report with the unaudited financial statements of the charity for the year ended 31 March 2025. REFERENCE AND ADMINISTRATIVE DETAILS Charlty No. 1086135 Trustees The following Trustees served during the year.. R. Dial H. Kaul R. Malhan G. Tour Accountants R & J Accountants 6 Wheatland Grove Aldridge Walsall WS9 OSR OBJEcfivES AND AcfiviTIES Oblectives and aims The advancement of the Christian Faith In accordance with the doctrines set out in the schedule and the worship of god in Wolverhampton and elsewhere by any means whatsoever including (but not by limitation) the preaching and proclamation of the Christian Gospel and the teaching of Christian doctrine and principles and the pastoral care of Christian people and the printing and distribution of the bible and christian literature, Wolverhampton Asian Christian Fellowship continue5 to operate financially as an independent trust. The organisation activities include Sunday morning Meetings, a variety of mid-week home group meeting prayer meeting, outreach events- children's Sunday school and partnership youth event and activities. ACHIEVEMENTS AND PERFORMANCE Chartiable activities Wolverhampton Asian Christian Fellowship continues to work in community in order to empower the local people of Wolverhampton and the wider community to take hold of their future and reach their full potential as individuals, socially, economically and morally. FINANCIAL REVIEW Principal funding source5 Principal funding came through our members. The support of our members continues to be a source of great strength and has truly been sacrif icial and it's through their donations and love for what they provide that keeps us going as an organisation. Reserves policy Page 2 Wolverhampton Asian Christian Fellowship TRUSTEES ANNUAL REPORT We aim to build up reserves in order to keep a contingency fund in the bank to cover the ongoing costs of the and charity for the security of the organisation. we would also like to hold some funds so that we can act on a timely basis to a higher level of excellence and reach any given need effectively. We believe our responsibility is to promote the principles of the Church faith in our community whilst addressing social needs of humanity and lovinEly support and serve our local communbty so we can live in 3 Safe and cohort community PLANS FOR FUTURE PERIODS Our aim is to continue to work to strengthening our relationship with the community and addressing the social and economical needs of our local communitv. STRucfuRE. GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. Statement of trustees, responsibilities In relation to the Ilnanclal statements The charity trustees are responsible for preparing a trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations. and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detettion of fraud and other irregularities. Signed on behalf of the charity's trustees Trustee 21 August 2025 Page 3 Wolverhampton Aslan Chrlstlan Fellowshlp INDEPENDENT EXAMINERS REPORT Independent Examiner's Report to the trustees of Wolverhampton Asian Christian Fellowship I report on the accounts of Wolverhampton Asian Christian Fellowship for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes. Respertlve responslbllltles of trustees and examlner The charity's trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144{2) (the 2011 Act) and that an independent examination is needed. Having satisfied myself that the charlty is not subject to audit under charity law and is eligible for independent examination, it is my responsibility to: examine the accounts under s.145 of the 2011 Act; to follow procedure5 lald down in the general Directions given by the Charity Commission under s.14515llbl of the 2011 Act; and to state whether particular matters have come to my attention. Basis of Independent examiner'5 report My examination was carried out in accordance with the general dlrections given by the Charity Commlsslon. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It a150 includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view and the report is limlted to those matters set out in the statement below. Independent examlner's statement In connection with my examination, no matter has come to my attention: {11 which gives me reasonable cause to believe that in any material respect the requirements.. to keep accountin8 records in accordance with s.130 of the 2011; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act, have not been met: or {2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Mr R D Patel Institute of Financial Accountants R & J Accountants 6 Wheatland Grove Aldridge Walsall WS9 OSR 21 August 2025 Page 4 Wolverhampton Aslan Chrlstian Fellowship STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2025 Unrestrlcted funds Total funds Total funds 2025 2025 2024 Notes Income and endowments from: Donations and legacies 78,600 78,600 74,996 Total 78,600 78,600 74,996 Expendlture on: Charitable activities Other 33,738 22,621 33,738 22,621 36,570 16,769 Total 56,359 56,359 53.339 Net gains on investment5 Net Income Net Income before other 8alnsl(lossesl 22,241 22,241 21,657 22,241 22,241 21,657 Other 8alns and losses: Net movement in funds 22,241 22,241 21,657 Reconclllatlon of funds: Total funds brought forward 404,185 404,185 382,528 Totsi funds carried forward 426,426 426,426 404,185 Page 5 Wolverhampton Asian Christian Fellow5hSp BALANCE SHEEr at 31 March 2025 Charity No. 1086135 2025 2024 Fixed assets Tangible assets 362,849 362,849 333,135 333,135 Current assets Debtors Cash at bank and in hand 1,870 62.859 64,729 (1,152) 63,577 74,176 74,176 {3,1261 71.050 Credltors: Amount falling due within one year io Net current assets Totsl assets less current Ilabllltle5 426,426 404,185 Net assets excluding pension asset or Ilablllty 426,426 404.185 Totsl net assets 426.426 404,185 The funds of the tharlty Restrirted funds Unrestrlcted funds General funds li li 426,426 404,185 426.426 404.185 Reserves 11 Total fund5 426.426 404,185 Approved by the trustees on 21 August 2025 And signed on thelr behalf by- Trustee 21 August 2025 Page 6 Wolverhampton A5i3n Christian Fellowship STATEMENT OF CASH FLOWS for the year ended 31 March 2025 2025 2024 Cash flows from operating artlvltles Net income per Statement of Financial Activltles 22,241 21,657 Adjustments for: Depreciation of property, plant and equipment Increase in trade and other receivables IDecreasel/lncrease in trade and other payables 598 (1.870) 11.9741 345 2,846 Net cash provlded by operating activities 18,995 24,848 Cash flows from investlng actlvltles Purchases of propertyi plant and equipment (30,3121 Net cash used in investing activities 130,312 Net cash from flnancing activities Net {decrease)/increase in cash and ¢ash equivalents {11,3171 24.848 Cash and cash equivalents at the beginning of the year 74,176 49,328 Cash and cash equlvalents at the end of the year 62,859 74,176 Components of cash and cash equivalents Cash and bank balances 62,859 74,176 62,859 74,176 Page 7 Wolverhampton Asian Christian Fellowshlp NOTES TO THE ACCOUNTS for the year ended 31 March 2025 l Accountlng pollc5es Basls tsf preparatlon The financial statements have been prepared in accordance with Statement of Recommended Practice.. Accountin8 and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland IFRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charities Act 2011. Change In basls of accountlng or to prevlous accounts There has been no change to the accounting policies Ivaluation rules and method of accounting) since last year and no changes have been made to accounts for prevlous years. Fund accountlnB Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity, These are unrestricted funds earmarked by the trustees for particular purposes. These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at thelr market values. These are avallable for use subject to restrirtions imposed by the donor or through terms of an appeal. Designated funds Revaluation funds Restricted funds Income Recognition of income Income is included in the Statement of Financial Activitles15oFAI when the charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufflcient reliability. Income with related Where incorne ha5 related expenditure the income and related expenditure is expenditure reported gross in the SOFA. Donations and legacies Voluntary income received by way of grants, donations and gifts is included in the the SOFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SOFA at the same tlme as the donations and gift5 gift/donation to whlch it relates. Donated services These are only included in income (with an equivalent amount in expenditure) where the benefit to the Charity is reasonably quantifiable, measurable and material, Volunteer help The value of any volunteer help recelved is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/llossesl on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets and facilities Gainsl(losses) on investment assets Thi5 includes any gain or loss on the sale of investments. Page 8 Wolverhampton Asian Christian Fellowshlp NOTES TO THE AccouKrs Expendlture Recognition of expenditure Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the ChaTlty in the delivery of its artivities and charitable activitie5 services in the furtherance of its objects, includin8 the makin8 of 8rants and governance costs. All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustee5 at the end of the year but not yet paid. These include those costs associated with meeting the constitutional and statutory requirements of the Charity, includtng any auditlindependent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. These are support Costs not allocated to a particular activity. Grants payable Governance costs Other expenditure Taxation The charity is exempt f rom tax on its charitable activities. Tangible fixed assets and depreciation Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Plant and machinery 25% Reducing balance Freehold investment property Investment properties are revalued annually and any surplus or deficit is dealt with through the Statement of Financial Activities. No depreciation 15 provided in respert of investrnent properties. Intsngible fixed assets and amortisatlon Intan8lble fixed assets (including purchased goodwill* Patents arld trademarks) are carried at cost less accumulated amortisation and impairment losse5. Trade and other debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash and cash equlvalents Cash and cash equivalents comprise cash at bank and on hand, demand deposit5 Wlth banks and other short-term highly liquid investments with original maturitie5 of three months or less and bank overdrafts. In the statement of financial position. bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. Page 9 Wolverhampton Asian Chr15tlan Fellowship NOTES TO THE ACCOUNTS Trade and other creditors Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of fund5 to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Pension costs The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds. 2 Statement of Flnan¢lal Actlvltles- prlor year Unrestrlcted funds Total funds 2024 2024 Income and endowments from: Donations arsd legacies Total 74,996 74,996 74,996 74,996 Expendlture on: Charitable actlvities 36,570 36,570 16,769 Other 16,769 Total 53,339 53,339 Net income 21,657 21,657 Net Income before other 8alnsl(losse5) Other gains and losses: Net movement in funds 21,657 21,657 21,657 21,657 Reconclllatlon of funds: Total funds brought forward Total funds carried forward 382,528 382,528 404,185 404, 185 3 Income from donations and legacies Unrestricted Total Total 2025 2024 Offering5 & gifts Gift Aids 62,879 15,721 78,600 62,879 15,721 78,600 51,485 23,511 74,996 Page 10 Wolverhampton A51an Chrlstian Fellowshlp NOTES TO THE ACCOUNTS 4 Expenditure on charitable actlvltles Unrestrictsd Total Total 2025 2024 Expenditure on charitable activities Event5 & Activities 1,253 10,177 1,253 10,177 3,509 12,586 Missionary Support Governance cost5 Trustees, Salary 22,308 22,308 33.738 20,475 36,570 33,738 5 Other expenditure Unrestricted Total Totsl 2025 2024 Employee costs Motor and travel costs 2,984 2,984 2,184 230 Premises costs Amortisation, depreciation, impairment. profitlloss on disposal of fixed assets General administrative costs 12,408 12,408 10,236 598 598 345 4,273 2,358 22,621 4,273 2,358 22,621 2,496 1,278 16.769 Le8al and professional costs 6 Net income before transfers 2025 2024 This is stated after charging: Depreciation Df owned fixed assets 7 Staff costs Social security costs Pension costs 598 345 2,195 789 1,570 614 2,984 2,184 No employee received emoluments in exces5 of £60,1)JO. Page 11 Wolverhampton Aslan Christian Fellowshlp NOTE5 TO THE ACCOUNT5 8 Tangible fixed assets Land and buildings Plant and machlnery Total Cost or fevaluation At l April 2024 Additions At 31 March 2025 Depre¢lation and Impairment At l April 2024 Depreciation charEe for the yeai At 31 March 2025 Net book values At 31 March 2025 At 31 March 2024 9 Debtors 332,102 28,953 361,055 14,667 1.359 16,026 346,769 30,312 377,081 13,634 13,634 598 598 14,232 14,232 361,055 332,102 1,794 1,033 362,849 333,135 2025 2024 Prepayments and accrued income 1,870 1,870 10 Credltors.. amounts falling due within one year 2025 2024 Trade creditors 94 895 Other taxes and social security Other creditors Accruals and deferred income 1,394 833 1,058 1,152 3,126 Page 12 Wolverhampton Asian Christian Fellowshlp NOTES TO THE ACCOUNTS 11 Movement In funds Incomlng resources At31 (Oncludlng other At l April gains/1055es 2024 Resources expended March 2025 Restricted fvnds: Unrestricted funds: General funds 404,185 78.600 156,3591 426,426 Revaluation ReseNes: Total funds 12 Analysls of net assets between funds 404.185 78,600 156.3591 426,426 Unrestricted funds Total Fixed a5setS Net current assets 362,849 63.577 426,426 362,849 63,577 426,426 13 Commitments Operating lease commltments Annual commitments under non-cancellable operating leases are as follows- 2025 Land and bulldings 2025 2024 land and buildings 2024 Other other Operating leases with expiry date: Penslon commltments 2025 2024 The pension cost charge to the charity amounted to: 789 614 Page 13 Wolverhampton Asian Christian Fellowshlp DEfAILED STATEMENT OF FINANCIAL AcllviTIES for the year ended 31 March 2025 Unrestrirted funds Total fvnds Total funds 2025 2025 2024 Income and endowments from: Donations and legacies Offerings & gifts Gift Aids 62,879 15,721 78,600 62,879 15.721 78,600 51,485 23.511 74,996 Total Income and endowments 78.600 78.600 74,996 Expenditure on. Charitable activities Events & Activities 1,253 10,177 11,430 1,253 10,177 11.430 3,509 12.586 16.095 Missionary Support Governance costs Trustees, Salary 22,308 22,308 22,308 22,308 20,475 20,475 Total of expenditure on charitable artivitie5 33,738 33,738 36,570 Employee costs Employer's NIC Pension costs 2,195 789 2,984 2,195 789 2,984 1,570 614 2.184 230 230 Fares Premises costs Rates Light, heat and power Premises cleaning Premises insurances 795 5.601 29 2,062 795 5,601 29 2,062 513 5,421 228 2.012 Premises repairs and maintenance 3,921 3.921 2,062 12,408 12,408 10,236 General administrative costs, including depreciation and amortisation Depreciation of Plant and machinery Depreciation of Equipment expensed Information and publication5 Software, IT 5UPPOrt and related costs 598 598 345 274 274 157 650 650 569 Page 14 Wolverhampton Asian Christian Fellowship DETAILED STATEMENT OF FINANCIAL ACTIVITIES Stationery and printing Subscriptions Sundry expenses Telephone, fax and broadband 489 489 230 468 230 225 692 1,316 468 1,316 468 4,871 385 2.841 4,871 Legal and professional costs Accountancy and bookkeeping Solicitor's fees other legal and professional costs 550 550 550 120 1,808 1,808 608 2,358 2,358 1,278 Total of expendlture of other c06ts Total expenditure 22,621 22,621 16,769 56,359 56,359 53,339 Net gains on investments Net income 22,241 22,241 21,657 Net Income before other 8ainsl(losses) Other Gains 22,241 22,241 21,657 Net movement in funds 22,241 22,241 21,657 Page 15