REGlSfERED COMPANY NUMBER: 04013231 IEn¥land and Wales) REGISTERED CHARITY NUMBER: 1093970 Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2023 for BROOKS OF LIFE MINISTRIES INTERNATIONAL LIMITED Cobley Desborough Chartered Certified Accountants Chartered Tax Advisers Art15ans' House 7 Queensbrid8e Northampton Northamptonshire NN4 7BF
BROOKS OF LIFE MINISTRIES INTERNATIONAL LIMITED Contents of the Financial Statements for the Year Ended 31 December 2023 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 8 to 14
BROOKS OF LIFE MINISTRIES INTERNATIONAL LIMITED IREGISTERED NUMBER: 04013231) Report of the Trustees for the Year Ended 31 December 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 December 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 1021 (effective l January 2019). Objectives and activities Objective5 and aims The mission of Brooks of Life Ministries International is to foster spiritual transformation, digging the wells of revival, in strategic cities in the UK. all over Europe. Africa. America and other parts of the world as the Lord lead5. Our aim is to follow the example of our Lord Jesus Christ as recorded in (Luke 4.'43)"we must preach the kingdom of God to other cities also. because for this purpose we have been sent Thus its our commitment to penetrate and saturate major urban areas with the Gospel of the Kingdom and so we believe in missions long term and short term. Achievement and performance Charitable activities A wide variety of activities have been undertaken during the year in relation to the charities objects, including prayer meetings, events and conferences and a bible school. Financial review Principal funding sources Incoming resources in the year were £52,576 12022 £53,610). No incoming resources were related to project restricted activities in either year. A surplus of £3,315 was made in the year 12022 £4.254). At 31st December 2023 total reserves were £12,256,12022 £8,941) of which £12,256 represented unrestricted funds12022 £8,941}. Reserves policy The Trustees have considered the level of unrestricted funds that it is appropriate for the charity to maintain over the coming twelve months. It is not considered necessary to maintain a significant level of reserves. since the charitable company has no operating lease or loan commitments. The current level of reserves is therefore considered satisfactory. Structure, governante and management Governing document Brooks of Life Ministries International Limited is governed by its Memorandum and Articles of Association and was incorporated as a company limited by guarantee without share capital on 13 June 2oKJO. It was registered as a charity on 30th September 2002. Recruitment and appointment of new trustees The directors/trustees are elected at the Annual General Meeting. Related parties All related party transactions have been disclosed elsewhere in the notes to the accounts. Page I
BROOKS OF LIFE MINISTRIES INTERNATIONAL LIMITED IREGISTERED NUMBER: 04013231) Report of the Trustees for the Year Ended 31 December 2023 Reference and administrative details Registered Company number 04013231 (England and Wales) Registered Charity number 1093970 Registered office Artisans House 7 Queensbridge Northampton Northamptonshire NN4 7BF Trustees Mr H Chipungu Director Rev A M Goretti Minister of religion Mr H G Thuo Music Producer Mr T J Dewa Trustee Company Secretary Bishop A Njeri Independent Examiner Cobley Desborough Chartered Certified Accountants Chartered Tax Advisers Artisans, House 7 Queensbridge Northampton Northamptonshire NN4 7BF Approved by order of the board of trustees on 23 September 2024 and signed on its behalf by: Mr T J Dewa - Trustee Page 2
Independent Examiner's Report to the Trustees of Brooks of Life Ministries International Limited Independent examiner's report to the trustees of Brooks of Life Ministries International Limited I'the Companv'l I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023. Responsibilities and basis of report As the charity's trustees of the Company land also its direttors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Act'l. 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 I'the 2011 Act'l. In carrying out my examination I have followed the Dirertions given by the Charity Commission under Section 145151 Ibl of the 2011 Act. Page 3
Independent Examiner's Report to the Trustees of Brooks of Life Ministries International Limited 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: accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act,. or the accounts do not accord with those records- or 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 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. Mrj R Cobley Cobley Desborough Chartered Certified Accountants Chartered Tax Advisers Artisans, House 7 Queensbridge Northampton Northamptonshire NN4 7BF 23 September 2024 Page 4
BROOKS OF LIFE MINISTRIES INTERNATIONAL LIMITED Statement of Financial Activities for the Year Ended 31 December 2023 2023 Unrestricted fund 2022 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 52,571 53,609 Investment income Total 52,576 53.610 EXPENDITURE ON Charitable activities General 49,261 49.356 NET INCOME 3.315 4.254 RECONCILIATION OF FUNDS Total funds brought forward 8,941 4,687 TOTAL FUNDS CARRIED FORWARD 12,256 8,941 The notes forni part of these financial statements Page 5
BROOKS OF LIFE MINISTRIES INTERNATIONAL LIMITED IREGISTERED NUMBER: 04013231) Balance Sheet 31 December 2023 2023 Unrestricted fund 2022 Total funds Notes FIXED ASSETS Tangible assets 1,303 1,739 CURRENT ASSETS Debtors Cash at bank 14,800 4.800 14,800 4,258 19.600 19.058 CREDITORS Amounts falling due within one year {3,897 } 14.106) NET CURRENT ASSETS 15.703 14.952 TOTAL ASSETS LESS CURRENT LIABILITIES 17,006 16,691 CREDITORS Amounts falling due after more than one year {4,750} 17,750) NET ASSETS 12,256 8,941 FUNDS Unrestricted funds li 12,256 8,941 TOTAL FUNDS 12,256 8,941 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023. The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006. The notes forni part of these financial statements Page 6
BROOKS OF LIFE MINISTRIES INTERNATIONAL LIMITED IREGISTERED NUMBER: 04013231) Balance Sheet- continued 31 December 2023 The trustees acknowledge their responsibilities for ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and 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. Ibl 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 23 September 2024 and were signed on its behalf by: Mr T J Dewa - Trustee The notes forni part of these financial statements Page 7
BROOKS OF LIFE MINISTRIES INTERNATIONAL LIMITED Notes to the Financial Ststements for the Year Ended 31 December 2023 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 {FR5 1021 '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 IFRS 1021 leffettive l January 20191,. Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial ststements 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 ftxed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Improvements to property Plant and machinery Fixtures and fittings Motor vehicles Office equipment 25% on reducing balance 25% on reducing balance 25% on reducing balance 25% on reducing balance 25% on reducing balance 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. Page 8
BROOKS OF LIFE MINISTRIES INTERNATIONAL LIMITED Notes to the Financial Ststements- continued for the Year Ended 31 December 2023 INVESTMENT INCOME 2023 2022 Deposit account interest NET INCOME/{EXPENDITURE) Net income/lexpenditurel is stated after chargingl{creditingl: 2023 2022 Depreciation - owned assets 436 585 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 310ecember 2022. Trustees, expenses There were no trustees, expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and legacies 53,609 Investment income Total 53,610 EXPENDITURE ON Charitable activities General 49,356 NET INCOME 4,254 RECONCILIATION OF FUNDS Total funds brought forward 4,687 Page 9
BROOKS OF LIFE MINISTRIES INTERNATIONAL LIMITED Notes to the Financial Ststements- continued for the Year Ended 31 December 2023 COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES- continued Unrestricted fund TOTAL FUNDS CARRIED FORWARD 8,941 TANGIBLE FIXED ASSErs Improvements to Fixtures and fittings Plant and machinery property Cost At l January 2023 and 31 December 2023 45,726 21.345 7,868 Depreciation At l January 2023 Charge for year 44,912 204 20.947 100 7,662 52 At 31 December 2023 45,116 21.047 7,714 Net book value At 31 December 2023 610 298 154 At 31 December 2022 814 398 206 Motor vehicles Office equipment Tot315 Cost At l January 2023 and 31 December 2023 2,450 9,941 87,330 Depreciation At lJanuary 2023 Charge for year 2,373 19 9,697 61 85,591 436 At 31 December 2023 2.392 9,758 86,027 Net book value At 31 December 2023 58 183 1,303 At 31 December 2022 77 244 1,739 Page 10
BROOKS OF LIFE MINISTRIES INTERNATIONAL LIMITED Notes to the Financial Ststements- continued for the Year Ended 31 December 2023 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Other debtors 14,800 14,800 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Bank loans and overdrafts (see note 101 Social security and other taxes Other creditors & accruals 3,000 727 379 519 378 3,897 4,106 CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR 2023 2022 Bank loans (see note 101 4.750 7,750 io. LOANS An analysis of the maturity of loans is given below- 2023 2022 Amounts falling due within one year on demand: Bank loans 3,000 3,000 Amounts falling between one and two years: Bank loans- 1-2 years 3,000 3,000 Amounts falling due between two and five years: Bank loans- 2-5 years 1,750 4,750 Page 11
BROOKS OF LIFE MINISTRIES INTERNATIONAL LIMITED Notes to the Financial Ststements- continued for the Year Ended 31 December 2023 ii. MOVEMENT IN FUNDS Net movement in funds At 31/12123 At 111123 Unrestricted fvnds General fund 8,941 3,315 12,256 TOTAL FUNDS 8,941 3,315 12,256 Net movement in funds, included in the above are as follows- Incoming resources Resources expended Movement in funds Unrestricted funds General fund 52,576 149,261) 3,315 TOTAL FUNDS 52,576 (49,261) 3,315 Comparatives for movement in funds Net movement in funds At 31112122 At 111122 Unrestricted funds General fund 4,687 4,254 8,941 TOTAL FUNDS 4,687 4,254 8,941 Page 12
BROOKS OF LIFE MINISTRIES INTERNATIONAL LIMITED Notes to the Financial Ststements- continued for the Year Ended 31 December 2023 ii. MOVEMENT IN FUNDS- continued Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted fund5 General fund 53,610 149,356) 4,254 TOTAL FUNDS 53,610 149,356) 4,254 A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds At 31112123 At 111122 Unrestricted funds General fund 4.687 7,569 12,256 TOTAL FUNDS 4.687 7,569 12,256 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted fund5 General fund 106,186 198,617) 7,569 TOTAL FUNDS 106,186 198,617) 7,569 Page 13
BROOKS OF LIFE MINISTRIES INTERNATIONAL LIMITED Notes to the Financial Ststements- continued for the Year Ended 31 December 2023 12. RELATED PARTY DISCLOSURES There were no related party transactions forthe year ended 31 December 2023. Page 14