| Contents | ||||
|---|---|---|---|---|
| Structure Governance |
and | Mana | ement. | |
| Structure . | ||||
| Governin documents. . |
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| ~G» b bi |
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| Recruitment and Trainin |
ofthe | Trustees. | ||
| Or anisational IYiana |
ement. .... | |||
| Branch structure .. | ||||
| ~tti kM t.. |
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| Ob ectives and Activities. .... | ||||
| C~ht bi Ob |
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| ~Oth b |
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| Review of erformance |
a | ainst | ob'ectives.. | |
| Anniversar Year —2018. |
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| Public benefit ..... | ||||
| Volunteers. ..... | ||||
| National Place ofWorshi |
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| Financial review |
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| Statement ofTrustees | Res | onsibilities. |
| Reference | and Administrative | details ofitsTrustees and Advisors | details ofitsTrustees and Advisors | |||
|---|---|---|---|---|---|---|
| Charity Name: | Apostolic Faith Mission international | Ministries | (UK) | |||
| Registered | Charity No.: | 1096543 | ||||
| Princ ipa IOffice: | 7A Cumberland Street |
|||||
| Leicester | ||||||
| LE14QS | ||||||
| Trustees: | Mr Hillary Chindodo | (Chairperson) | ||||
| Mr Evans Mutamba | (Secretary) | |||||
| Mr Nobert Ngenge | ||||||
| Mr Tarisayi Manyewe | ||||||
| Rev Bernard Mberi | ||||||
| RevJoshua Chigorimbo | ||||||
| Accountants: | Framework Accountants |
Ltd | ||||
| Certified Chartered | Accountants | |||||
| Suite 2, Greyholme | ||||||
| 49Victoria Road | ||||||
| Aldershot | ||||||
| GU111SJ | ||||||
| Bankers: | Lloyds Bank PLC | |||||
| P.O. Box1000 | ||||||
| BX11LT | ||||||
| Barclays Bank PLC | ||||||
| Leicester | ||||||
| LE872BB |
| forthe year | ended 31March | 2022 | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | |||||
| funcls | funds | Total funds | Total funds | |||
| 2022 | 2022 | 2022 | 2021 | |||
| Notes | E | E | ||||
| Income and | endowments | |||||
| from: | ||||||
| Donations | and legacies | 3 | 37,674 | 5,762 | 43,436 | 34,168 |
| Charitable | activities | 1,555 | 1,555 | 3,245 | ||
| Other trading activities | 5 | 8,778 | 8,778 | |||
| Other | 6 | 7,122 | 7,122 | 2,005 | ||
| Total | 55,129 | 5,762 | 60,891 | 39,418 | ||
| Expenditure | on: | |||||
| Charitable | activities | 1,105 | 1,105 | |||
| Other | 33,324 | 33,324 | 21,320 | |||
| Total | 34,429 | 34,429 | 21,320 | |||
| Net gains on | investments | |||||
| Net income | 20,700 | 5,762 | 26,462 | 18,098 | ||
| Transfers between funds | ||||||
| Net income gains/(losses) |
before other | 20,700 | 5,762 | 26,462 | 18,098 | |
| Other gains | and losses | |||||
| Net movement in funds |
20,700 | 5,762 | 26,462 | 18,098 | ||
| Reconciliation offunds: | ||||||
| Total funds brought forward | 99,642 | 179,354 | 278,996 | 260,898 | ||
| Total funds carried forward | 120,342 | 185,116 | 305,458 | 278,996 |
| Apostolic Faith Mission International Ministries (UK) Balance Sheet at31March 2022 |
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|---|---|---|---|
| Charity No. 1096543 | 2022 | 2021 | |
| f | |||
| Current assets | |||
| Debtors | 10 | 3,669 | |
| Cash at bank and in hand | 249337 | 275,327 | |
| 249337 | 278,996 | ||
| Net current assets | 249337 | 278,996 | |
| Total assets less current liabilities | 249337 | 278,996 | |
| Net assets excluding pension asset or liability | 249337 | 278,996 | |
| Total net assets | 249337 | 278,996 | |
| The funds ofthe charity | |||
| Restricted funds | |||
| Restricted income funds | 185,116 | 179,354 | |
| 185,116 | 179,354 | ||
| Unrestricted funds |
|||
| General funds | 64221 | 99,642 | |
| 64221 | 99,642 | ||
| Reserves | |||
| Total funds | 249337 | 278,996 |
| Fund accounting | Fund accounting | Fund accounting | Fund accounting | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | funds | These are available for use at the discretion ofthe trustees | in furtherance | ofthe | ||||||
| general objects ofthe charity. | ||||||||||
| Designated | funds | These are unrestricted funds earmarked by the trustees |
for particular | purposes. | ||||||
| Revaluation | funds | These are unrestricted funds which include a revaluation |
reserve representing | the | ||||||
| restatement ofinvestment assets at their market values. |
||||||||||
| Restricted | funds | These are available for use subject to restrictions imposed |
bythe donor | or through | ||||||
| terms ofan appeal. | ||||||||||
| Income | ||||||||||
| Recognition | of | Income is included in the Statement ofFinancial Activities |
(SoFA) when the | charity | ||||||
| income | becomes entitled to, and virtually certain to receive, the |
income and | the amount of | |||||||
| the income can be measured with sufficient reliability. |
||||||||||
| Income with | related | Where income has related expenditure the income and |
related expenditure | is | ||||||
| expenditure | reported gross in the SoFA. | |||||||||
| Donations | and | Voluntary income received by way ofgrants, donations and gifts is included |
in the | |||||||
| legacies | the SoFA when receivable and only when the Charity has unconditional |
entitlement | ||||||||
| tothe income. | ||||||||||
| Tax reclaims | on | Income from tax reclaims is included in the SoFAatthe same time asthe |
||||||||
| donations | and | gifts | gift/donation to which it relates. |
|||||||
| Donated services | These are only included in income (with an equivalent amount in expenditure) |
|||||||||
| and facilities | where the benefit to the Charity is reasonably quantifiable, measurable |
and | ||||||||
| material. | ||||||||||
| Volunteer | help | The value ofany volunteer help received is not included in |
the accounts. | |||||||
| Investment | income | This is included in the accounts when receivable. |
||||||||
| Gains/(losses) | on | This includes any gain or loss resulting from revaluing investments to market |
value | |||||||
| revaluation | of | fixed | at the end ofthe year. | |||||||
| assets | ||||||||||
| Gains/(losses) | on | This includes any gain or loss on the sale of investments. |
||||||||
| investment | assets |
| Expenditure | |||
|---|---|---|---|
| Recognition | of | Expenditure is recognised on an accruals basis. Expenditure includes |
any VAT which |
| expenditure | cannot be fully recovered, and is reported as part ofthe 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 Charity in the delivery ofits activities and |
|
| charitable activities |
services in the furtherance ofits objects, including the making ofgrants |
and | |
| governance costs. |
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| Grants payable | All grant expenditure is accounted for on an actual paid basis plus an |
accrual for | |
| grants that have been approved by the trustees atthe end ofthe year but not yet |
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| paid. | |||
| Governance | costs | These include those costs associated with meeting the constitutional | and statutory |
| requirements ofthe Charity, including any audit/independent examination fees, |
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| costs linked tothe strategic management ofthe Charity, together with a share of |
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| other administration costs. |
|||
| Other expenditure | These are support costs not allocated to a particular activity. |
| 2 | Statement | ofFinancial | Activities - prior y | ear | ||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | |||||||
| funds | funds | Total funds | ||||||
| 2021 | 2021 | 2021 | ||||||
| Income and endowments | from: | |||||||
| Donations | and legacies | 34,168 | 19,554 | 53,722 | ||||
| Charitable | activities | 3,245 | 3,245 | |||||
| Other | 2,005 | 2,005 | ||||||
| Total | 39,418 | 19,554 | 58,972 | |||||
| Expenditure on: |
||||||||
| Other | 21,320 | 1,424 | 22,744 | |||||
| Total | 21,320 | 1,424 | 22,744 | |||||
| Net | income | 18,098 | 18,130 | 36,228 | ||||
| Net | income before other | |||||||
| gains/(I osses) | 18,098 | 18,130 | 36,228 | |||||
| Other gains and losses: | ||||||||
| Other Gains | 1,725 | 1,725 | ||||||
| Net | movement | in funds | 19,823 | 18,130 | 37,953 | |||
| Reconciliation | offunds: | |||||||
| Total funds brought forward | 79,819 | 161,224 | 241,043 | |||||
| Total funds carried forward | 99,642 | 179,354 | 278,996 | |||||
| 3 | Income from donations | and legacies | ||||||
| Unrestricted | Restricted | Total | Total | |||||
| 2022 | 2021 | |||||||
| E | ||||||||
| Tithes | 600 | 600 | 350 | |||||
| Offering 8Restricted | 6,211 | 5,762 | 11,973 | 4,317 | ||||
| Assembly | Contributions | 14,869 | 14,869 | 3,669 | ||||
| Building Project Income | 15,994 | 15,994 | 25,832 | |||||
| 37,674 | 5,762 | 43,436 | 34,168 | |||||
| 4 | Income from charitable | activities | ||||||
| Unrestricted | Total | Total | ||||||
| 2022 | 2021 | |||||||
| IVlissions Income | 1,555 | 1,555 | 3,245 | |||||
| 1,555 | 1,555 | 3,245 |
| 5 | Income from | o | ther trad | ing activities | |||
|---|---|---|---|---|---|---|---|
| Unrestricted | Total | Total | |||||
| 2022 | 2021 | ||||||
| Other Revenue | 8,778 | 8,778 | |||||
| 8,778 | 8,778 | ||||||
| 6 | Otherincome | ||||||
| Unrestricted | Total | Total | |||||
| 2022 | 2021 | ||||||
| Departmental | Transfers | 7,121 | 7,121 | 2,005 | |||
| Interest Receivable | |||||||
| 7,122 | 7,122 | 2,005 | |||||
| 7 | Expenditure on |
charitable activities | |||||
| Unrestricted | Total | Total | |||||
| 2022 | 2021 | ||||||
| Expenditure | on charitable | ||||||
| activities | |||||||
| Missions Expenditure | 1,105 | 1,105 | |||||
| Governance | costs | ||||||
| 1,105 | 1,105 | ||||||
| 8 | Other expenditure | ||||||
| Unrestricted | Total | Total | |||||
| 2022 | 2021 | ||||||
| Departments | Payments | (10,037) | (10,037) | ||||
| Employee costs | 7,503 | 7,503 | 4,020 | ||||
| Motor and travel costs | 2,311 | 2,311 | |||||
| Premises costs | 9,105 | 9,105 | 8,400 | ||||
| General administrative | costs | 17,630 | 17,630 | 6,500 | |||
| Legal and professional | costs | 6,812 | 6,812 | 2,400 | |||
| 33,324 | 33,324 | 21,320 | |||||
| 9 | Staffcosts | ||||||
| 2022 | 2021 | ||||||
| Salaries and | wages | 2,550 | |||||
| 2,550 |
| Notes tothe Ac 10Debtors |
co | u | nts | ||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| f | |||||||
| Other debtors | 3,669 | ||||||
| 3,669 | |||||||
| 11Movement | in | funds | |||||
| Incoming | |||||||
| resources | At 31 | ||||||
| (including | Resources | March | |||||
| At 1April | other gains/losses |
expended | 2022 | ||||
| 2021 | )f | ||||||
| Restricted | funds: | ||||||
| Restricted | income funds: | ||||||
| 179,354 | 179,354 | ||||||
| Total | 179,354 | 179,354 | |||||
| Unrestricted | funds: | ||||||
| General funds | 99,642 | 55,129 | (34,429) | 120,342 | |||
| Total funds | 278,996 | 55,129 | (34,429) | 299,696 | |||
| 12Analysis of | net | assets between funds | |||||
| Unrestricted | Restdcted | ||||||
| Total | |||||||
| funds | funds | ||||||
| f | |||||||
| Net current | assets | 93,001 | 185,117 | 278,118 | |||
| 93,001 | 185,117 | 278,118 | |||||
| 13 Reconciliation | ofnet debt | ||||||
| At31 | |||||||
| At1April | March | ||||||
| 2021 | Cash flows | 2022 | |||||
| f | f | f | |||||
| Cash and cash | equivalents | 275,327 | (36,762) | 238,565 | |||
| 275,327 | (36,762) | 238,565 | |||||
| Net debt | 275,327 | (36,762) | 238,565 |
| 2022 | 2021 | ||
|---|---|---|---|
| f | 6 | ||
| Cash flows from operating | activities | ||
| Net income per Statement | ofFinancial Activities | 26,462 | 37,953 |
| Adjustments for: |
|||
| Dividends, interest and |
rents from investments | (7,122) | (2,005) |
| Other gains/losses | |||
| Decrease/(Increase) in trade and other receivables |
3,669 | (3,669) | |
| Net cash provided by operating activities |
23,009 | 32,279 | |
| Cash flows from investing | activities | ||
| Dividends, interest and |
rents from investments | 7,122 | 2,005 |
| Net cash from investing activities |
7,122 | 2p005 | |
| Net cash from financing activities | |||
| Net increase in cash and cash equivalents | 30,131 | 34,284 | |
| Cash and cash equivalents | atthe beginning ofthe year | 275,327 | 246,806 |
| Cash and cash equivalents | at the end ofthe year | 305,458 | 281,090 |
| Components ofcash and cash equivalents |
|||
| Cash and bank balances | 249337 | 275,327 | |
| 249337 | 275,327 |
| Unrestricte | Restricted | |||||
|---|---|---|---|---|---|---|
| d funds | funds | Total funds | Total funds | |||
| 2022 | 2022 | 2022 | 2021 | |||
| f | f | f | f | |||
| Income and endowments | from: | |||||
| Donations and legacies |
||||||
| Tithes | 600 | 600 | 350 | |||
| Offering &Restricted | 6,211 | 5,762 | 11,973 | 4p317 | ||
| Assembly Contributions |
14,869 | 14,869 | 3,669 | |||
| Building Project Income | 15,994 | 15,994 | 25,832 | |||
| 37,674 | 5,762 | 43,436 | 34,168 | |||
| Charitable activities |
||||||
| Missions Income | 1,555 | 1,555 | 3,245 | |||
| 1,555 | 1,555 | 3,245 | ||||
| Other trading activities | ||||||
| Other Revenue | 8,778 | 8,778 | ||||
| 8,778 | 8,778 | |||||
| Other | ||||||
| Departmental Transfers |
7,121 | 7,121 | 2,005 | |||
| Interest Receivable | 1 | 1 | ||||
| 7,122 | 7,122 | 2,005 | ||||
| Total income and endowments | 55,129 | 5,762 | 60,891 | 39,418 | ||
| Expenditure on: |
||||||
| Charitable activities |
||||||
| Missions Expenditure | 1,105 | 1,105 | ||||
| 1,105 | 1,105 | |||||
| Total ofexpenditure activities |
on charitable | 1,105 | 1,105 | |||
| Other expenditure | ||||||
| Departments Payments |
(10,037) | (10,037) | ||||
| (10,037) | (10,037) | |||||
| Church Running Costs |
||||||
| Salaries/wages | 2,550 | |||||
| Holy Communion | 143 | 143 | 444 | |||
| NAC Allowances | 3,600 | 3,600 | 1,026 | |||
| Honorarium | 3,760 | 3,760 | ||||
| 7,503 | 7,503 | 4,020 | ||||
| Motor and travel costs | ||||||
| Travel and subsistence | 2,311 | 2,311 | ||||
| 2,311 | 2,311 | |||||
| Premises costs | ||||||
| Rent | 7,370 | 7&370 | 8,400 | |||
| Rates | 1,735 | 1,735 |
| Detailed Statement ofF | inancial Activities | ||||
|---|---|---|---|---|---|
| 9,105 | 9,105 | 8,400 | |||
| General administrative | |||||
| costs, including depreciation |
|||||
| and amortisation | |||||
| Bank charges | 1,478 | 1,478 | 341 | ||
| Equipment leasing and hire charges |
1,030 | 1,030 | 150 | ||
| General insurances | 1,105 | 1,105 | 860 | ||
| Advertising 8 Marketing |
733 | 733 | 900 | ||
| Conference Costs |
8,880 | 8,880 | 3,689 | ||
| Software, ITsupport and related costs |
132 | 132 | |||
| Printing &Stationeries | 13 | 13 | |||
| Subscription s | 1,626 | 1,626 | |||
| Sundry expenses | 1,877 | 1,877 | |||
| Telephone, fax and broadband | 756 | 756 | 560 | ||
| 17,630 | 17,6306,500 | ||||
| Legal and professional | costs | ||||
| Audit/Independent examination fees |
5,500 | 5,500 | 2,400 | ||
| Other legal and professional costs |
1,312 | 1,312 | |||
| 6,812 | 6,812 | 2,400 | |||
| Total ofexpenditure of |
other costs | 33,324 | 33,324 | 21,320 | |
| Total expenditure | 34,429 | 34,429 | 21,320 | ||
| Net gains on investments | |||||
| Net income | 20,700 | 5,762 | 26,462 | 18,098 | |
| Net income before other | |||||
| gains/(losses) | 20,700 | 5,762 | 26,462 | 18,098 | |
| Other Gains | |||||
| Net movement in funds |
20,700 | 5,762 | 26,462 | 18,098 | |
| Reconciliation offunds: |
|||||
| Total funds brought forward | 99,642 | 179,354 | 278,996 | 260,898 | |
| Total funds carried forward | 120,342 | 183,116 | 305,458 | 278,996 |