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2023-03-31-accounts

Apostolic Faith Mission International Ministries (UK) Report of the Trustees and Accounts for the Year ended 31 March 2023

Apostolic Faith Mission International Ministries (UK) Charity No. 1096543 Report of the Trustees and Accounts for the Year ended 31 March 2023

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Apostolic Faith Mission International Ministries (UK) Report of the Trustees and Accounts for the Year ended 31 March 2023

Contents

Reference and Administrative Details………………………………………………………………………………………………………3 Structure, Governance and Management .................................................................................................... 4 Structure ................................................................................................................................................... 4 Governing documents............................................................................................................................... 4 Governing bodies ...................................................................................................................................... 4 Recruitment and Training of the Trustees ................................................................................................ 4 Organisational Management .................................................................................................................... 4 Branch structure ....................................................................................................................................... 5 Risk Management ......................................................................................................................................... 5 Mitigation...................................................................................................................................................... 5 Objectives and Activities ............................................................................................................................... 6 Charitable Objects........................................................................................................................................ .6 Review of Perfomance against objectives ................................................................................................... 6 Anniversary Year -2023 ................................................................................................................................. 7 Public Benefit ............................................................................................................................................... 8 Volunteers .................................................................................................................................................... 8 National Palace of Worhsip........................................................................................................................... 8 Financial Review ....................................................................................................................................... 8 Reserves policy.......................................................................................................................................... 9 Statement of Trustees Responsibilties ..................................................................................................... 9 Independent Examiner’s Reoprt ................................................................................................................. 10 Financial Report ................................................................................................................................... 11 -22

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Apostolic Faith Mission International Ministries (UK) Report of the Trustees and Accounts for the Year ended 31 March 2023

Reference and Administrative details of its Trustees and Advisors Reference and Administrative details of its Trustees and Advisors
Charity Name: Apostolic Faith Mission International Ministries (UK)
Registered Charity No.: 1096543
Principal Office: 7A Cumberland Street
Leicester
LE1 4QS
Trustees: Mr Norbert Ngenge (Secretary)
Mr Evans Mutamba
Mr Charles Nhindiri
Mr Hillary Chindodo
Dr Charles R Chipere
Rev Joshua Chigorimbo
Accountants:
Framework Accountants Ltd
Chartered Certified Accountants
Suite 1, Greyholme
49 Victoria Road
Aldershot
GU11 1SJ
Bankers: Lloyds Bank PLC
P. O. Box 1000
BX1 1LT
Barclays Bank PLC
Leicester
LE87 2BB

3

Apostolic Faith Mission International Ministries (UK) Report of the Trustees and Accounts for the Year ended 31 March 2023

The Board of Trustees is pleased to present their annual report of the Apostolic Faith Mission International Ministries (UK) for the year ended 31[st] March 2023 under the Charities Act 2011, together with the financial statements for the year and confirm that the latter comply with the requirements of the Charities Act, the Trust Deed and the Statement of Recommended Practice (SORP) ‘Accounting and reporting by charities’ issued in March 2005.

Structure, Governance and Management

Structure

The Charity is made up of assemblies which are spread throughout the country. Each assembly has an elected leadership which oversees the day to day running of that assembly. The church is divided into four geographical regions, namely the Northern, Southern, Midlands and Central region. Assembly Board members within a region, form the Regional Workers Council (RWC) for each region. Each respective RWC appoints a Regional Committee, which oversees the running of the region. Members of the Assembly Boards constitute the National Workers Council (NWC). It is from the NWC that the national leadership who are referred to as National Apostolic Committee (NAC) is elected and appointed. The local (assembly) leadership is accountable to the regional committee who are in turn accountable to NAC.

Governing documents

The Charity was established by a trust deed on the 17[th] March 2003

Governing bodies

The Charity is governed by the National Workers Council (NWC) which has powers according to the constitution of the AFMIM (UK). The National Workers Council is responsible for:

Recruitment and Training of the Trustees

It is from within the Regional Workers Council (RWC) that the charity’s trustees are elected and appointed during triennial meetings of the RWC. Each RWC elects a trustee who will represent the region in the NWC. The national board of trustees is made up of the four regional trustees as well as three members of the NAC. Eligibility is determined by individual competence, specialist skills and availability to serve in the role. New Trustees are inducted into the working of the charity as well as into the charity’s policies and procedures at an induction workshop, which is organised by the existing Trustees. The NAC organises triennial strategic planning for both the Trustees and NWC. Leadership training workshops for all are regularly conducted throughout the year. Resources or personnel for such training are both internal and external individuals with specialist skills.

Organisational Management

The Charity Trustees are legally responsible for the overall management, monitoring and control of both the charity’s leadership organs, and meet at least three times a year. Working in close liaison with the charity’s ecclesial leadership (the NAC), Charity Trustees ensure various lower boards at national, regional and assembly levels comply with the charity’s policies. The NAC meets three weeks before each meeting of the full NWC and the Board of Trustees meetings and on two extra occasions every year specifically to approve the budgets and

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Apostolic Faith Mission International Ministries (UK) Report of the Trustees and Accounts for the Year ended 31 March 2023

finalise the financial statements and annual reports for approval by the NWC.

Branch structure

The units that were operational during the year were:

  1. Head Office

  2. Sister’s Union

  3. Youth

  4. Geographic Regions (Northern, Central, Midlands and Southern)

  5. Men’s Fellowship

  6. National Pastor’s Fellowship

All assemblies are now independent charities and their current year financial results have been excluded from this report.

Risk Management

The NAC has been delegated responsibility of risk control according to the charity’s constitution and policies and procedures. Detailed consideration of risk is delegated to the NAC who are assisted by the NWC. Risks are identified, assessed, and controlled and established throughout the year informally. The NAC continue to improve and ensure that the system of internal controls is adequate and cost effective.

The process of decentralization i.e. registering Assemblies with the Charities Commission as separate charities, which began in 2011, has now been completed. This was a move to improve efficiency by bringing accountability closer to the assemblies, where the activities are happening. So, each charity has its own trustees. Over the years we have tightened our procedures and processes to make it very clear where we stand regarding churches, their responsibilities, where they start and where they end i.e. recruitment of pastors is decentralised, therefore should be any problems and challenges they encounter, and any financial commitments accrued are all solely the responsibility of the churches as separate entities to the main church.

Trustees have identified a potential risk that the charity/charity assets, (physical and human intellectual assets) could be exposed to as a result of the decentralization and independent registering of assemblies. To mitigate this risk, Trustees in liaison with the NAC are in the process of formulating legal contracts between the AFMIMUK charity and its affiliates and associate members in order to protect the use of the emblem and to protect the charity assets and ensure the continuity of the main charity. Through the risk management process established for the Charity the trustees are satisfied that the major risks have been adequately mitigated where necessary. It is recognised that systems can only provide reasonable but not absolute assurance that major risks have been adequately managed.

Mitigation :

The current trustees board takes mitigation very seriously as lack of proper extensive mitigation breeds chaos and disorder therefore we need to put measures and processes in place regarding dismissal of pastors as this has proved to be a challenge in the past, we encourage the churches to be reasonable and mature in the way they deal with their pastors to create a harmonious atmosphere.

We need to monitor the individual church recruitment processes and also need to deal with grievances according to the church constitution and make sure that we are on top of all issues to correct them swiftly before they get out of

5

Apostolic Faith Mission International Ministries (UK) Report of the Trustees and Accounts for the Year ended 31 March 2023

hand and cause crises.

Regarding assemblies’ compliance to charities commission annual financial statements submission, we are aware of changes to the charities commission process, and we have sent a reminder to all churches to upgrade their online registration statuses accordingly, we continue to monitor the different assemblies to ensure that everyone is compliant.

Objectives and Activities

Charitable Objects

The main objective of the Trust is the advancement of the Christian religion in accordance with the Holy Scriptures (Holy Bible) as contained in the confession of faith set below:

Other objectives:

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Apostolic Faith Mission International Ministries (UK) Report of the Trustees and Accounts for the Year ended 31 March 2023

Review of performance against objectives

During the period under review the AFM IM (UK) set the following objectives amongst others.

Conferences for the spiritual enrichment of adult men, women as well as for youths and children, open to the public, were held during the period under review. These were held in our four regions and on a national scale, four National Conferences namely the Dunamis conference, youth conference, ladies conference and men’s fellowship conference were held with resounding success.

In line with the aim of spreading the Christian gospel within

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Apostolic Faith Mission International Ministries (UK)

Report of the Trustees and Accounts for the Year ended 31 March 2023

the United Kingdom, AFMIM (UK) through its network of local churches, managed to arrange traditional Sunday services and a variety of local church activities involving children, youth, and adults. Amongst these, people with a variety of spiritual, social, and emotional needs were also assisted. The church, whose roots are in Zimbabwe, has been predominantly comprised of people originally from that country worshipping at various assemblies but it is pleasing to note that other nationalities have started to come and have integrated well. The church doors remain open as we thrive to be a church for all nationalities and backgrounds.

We note that the following aims/activities have not been achieved as desired, and as such remain a priority in the coming period:

We intend to measure the success of the strategy by the following:

Public benefit

The year under review has witnessed tremendous recovery from the COVID period which had previously limited the ability to conduct traditional calendar events. We have seen all departments going all out to successfully execute their local, regional, and annual conferences which has been hugely encouraging, but, however, it was an expensive process, so, to cut expenses we have had to organise one mega conference which will see the youth, ladies’ union, men’s fellowship conducted in one venue at the same time in Wales in July 2024.

National Place of Worship

Church programs continue to be hindered by the absence of a national center where some of our charitable activities can be directed from. The executive arm, the National Apostolic Committee is committed to search for opportunities to acquire a National Place of Worship where other long-term goals such as a school of theology would be established. Establishing more assemblies, subassemblies and preaching points in more cities and towns of the UK remains crucial to the main objective of advancing the Christian religion in accordance with the Holy Scriptures as contained in the confessions of faith. However, what is more encouraging to note is that all our assemblies have drawn a line on the COVID challenges, and they are all meeting physically and only using zoom platforms where necessary.

Volunteers

Trustees would like to take this opportunity to appreciate the continuing and valuable support given by volunteers for our work through various channels, including but not limited to donations.

Financial review

The Statement of Financial Activities shows Incoming Resources of £85 544 (2022 - £53 573). The 60% increase compared to previous year is mainly due to increase of voluntary income (tithe and donations). Tithe remittance from regions to Head Office continued declined compared to last year. However, conference income now constitutes the bulk of the total income. Assemblies (Churches) are supposed to remit 10% of their tithe income to their respective region who in turn remit 50% of received funds to Head Office. These funds are used for to finance general operations. The head office has not received enough remittance from assemblies as required.

Resources Expended were £99 947 (2022 - £16 941). Overall, expenditure increased significantly against 2022. This increase is due mainly to cost of living and inflation prevailing in the UK economy. The Net Incoming Resources were -£14 973 (2022 - £11,452).

Reserves policy

The trustees have reviewed the level of reserves of the Charity, consideration of the income and expenditure streams, and the need to match income with commitments and the nature of reserves. Trustees have set a minimum balance of £30,000 as reserves for the current year and aim to review this level in the following year. The current reserve balance is £44,964.50, which meets our target.

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Apostolic Faith Mission International Ministries (UK)

Report of the Trustees and Accounts for the Year ended 31 March 2023

The reserve balance is necessary:

Statement of Trustees Responsibilities

The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales 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;

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 Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They 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.

Approved by the Trustees on 20 January 2023

Signed on behalf by:

Norbert Ngenge

Mr Norbert Ngenge Trustees Secretary

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Apostolic Faith Mission International Ministries (UK) Report of the Trustees and Accounts for the Year ended 31 March 2023

Independent Examiner's Report to the trustee of Apostolic Faith Mission International Ministries (UK)

I report to the trustees on my examination of the financial statements of Apostolic Faith Mission International Ministries (UK) for the year ended 31 March 2023.

Responsibilities and basis of report

As the charity's trustee you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the charity's financial statements 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 can 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:

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 financial statements to be reached.

Dr Moses Chiwandamira PhD FCCA MSc MRes PGCert

Framework Accountants Ltd Suite 1, Greyholme 49 Victoria Road Aldershot Hampshire GU11 1SJ

29 January 2024

10

Apostolic Faith Mission International Ministries (UK) Statement of Financial Activities

Apostolic Faith Mission International Ministries (UK) Statement of Financial Activities

11

Apostolic Faith Mission International Ministries (UK) Statement of Financial Activities

for the year ended 31 March 2023

Notes
Income and endowments
from:
Donations and legacies
3
Other trading activities
4
Other
5
Total
Expenditure on:
Other
6
Total
Net gains on investments
Net (expenditure)/income
7
Transfers between funds
Net (expenditure)/income
before other gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2023
£
82,024
-
-		 Restricted
funds
2023
£
3,521
-
-		 Total funds
2023
£
85,545
-
-		 Total funds
2022
£
37,673
8,778
7,122
82,024
96,996		 3,521
-		 85,545
96,996		 53,573
16,941
96,996
-		 -
-		 96,996
-		 16,941
-
(14,972)
-		 3,521
-		 (11,452)
-		 36,632
-
(14,972) 3,521 (11,452) 36,632
(14,972)
122,842		 3,521
185,116		 (11,452)
307,958		 36,632
278,996
107,870 188,637 296,507 315,628

12

Apostolic Faith Mission International Ministries (UK) Balance Sheet

at 31 March 2023

Charity No. 1096543
Current assets
Cash at bank and in hand
Net current assets
Total assets less current liabilities
Net assets excluding pension asset or liability
Total net assets
The funds of the charity
Restricted funds
Restricted income funds
9
Unrestricted funds
9
General funds
Reserves
9
Total funds		 2023
£
233,601
233,601
233,601
233,601
233,601
233,601
188,637
188,637
44,964
44,964
233,601		 2022
£
249,338
249,338
249,338
249,338
249,338
249,338
185,116
185,116
64,222
64,222
249,338

Approved by the trustees on 31 March 2023

And signed on their behalf by:

H. Chindodo

Trustee

31 March 2023

13

Apostolic Faith Mission International Ministries (UK) Notes to the Accounts

for the year ended 31 March 2023

Basis of preparation

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the 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 of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial 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 of grants, donations and gifts is included in the legacies 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 time as the 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 of any 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 of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

14

Apostolic Faith Mission International Ministries (UK) Notes to the Accounts

Expenditure

Recognition of expenditure

Expenditure on raising funds Expenditure on charitable activities

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.

These comprise the costs associated with attracting voluntary income, fundraising trading costs and investment management costs.

These comprise the costs incurred by the Charity in the delivery of its activities and services in the furtherance of its objects, including the making of grants and governance costs.

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 at the end of the year but not yet paid.

Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.

Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from tax on its charitable activities.

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

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 equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities 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.

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 funds 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.

15

Apostolic Faith Mission International Ministries (UK) Notes to the Accounts

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

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.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

16

Apostolic Faith Mission International Ministries (UK) Notes to the Accounts

Income and endowments from:
Donations and legacies
Charitable activities
Other trading activities
Other
Total
Expenditure on:
Charitable activities
Other
Total
Net income
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
3
Income from donations and legacies
Tithes and Offering
Conference and Assembly
Building Project Income
Mission Welfare & Other
4
Income from other trading activities		 Unrestricted
£
24,502
26,398
-
31,124
82,024		 Unrestricted
funds
2022
£
37,674
1,555
8,778
7,122
55,129
1,105
33,324
34,429
20,700
Restricted
£
-
-
3,520
-
3,520
20,700
20,700
99,642
120,342		 Restricted
funds
2022
£
5,762
-
-
-
5,762
-
-
-
5,762
Total
2023
£
24,502
26,398
3,520
31,124
85,544
Total
2023
£
-
-
5,762
5,762
179,354
185,116		 Total funds
2022
£
43,436
1,555
8,778
7,122
60,891
1,105
33,324
34,429
26,462
26,462
26,462
278,996
305,458
Total
2022
£
599
6,211
14,869
15,994
37,673
Total
2022
£
8,778
8,778

17

Apostolic Faith Mission International Ministries (UK) Notes to the Accounts

5 Other income

6
Other expenditure
Employee costs
Motor and travel costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs
7
Net (expenditure)/income before transfers
This is stated after charging:
Depreciation of owned fixed assets
8
Staff costs
NAC Allowances
Honoraria		 Unrestricted
£
-
9,259
9,214
5,980
208
68,135
4,200
96,996
2023
£
208
2023
5,170
4,000
9,170		 Total
2023
£
-
-
-
Total
2023
£
-
9,259
9,214
5,980
208
68,135
4,200
96,996		 Total
2022
£
7,121
1
7,122
Total
2022
£
(10,037)
-
2,311
9,105
-
8,750
6,812
16,941
2022
£
-
2022
-
-
-

No employee received emoluments in excess of £60,000.

18

Apostolic Faith Mission International Ministries (UK) Notes to the Accounts

9 Movement in funds

Restricted funds:
Restricted income funds:
Total
Unrestricted funds:
General funds
Total funds
10Reconciliation of net debt
Cash and cash equivalents
Net debt		 Incoming
resources
(including
other
gains/losses
)
£
3,521
3,521
82,024
85,545
At 1 April
2022
£
249,338
249,338
249,338		 Resources
expended
£
-
-
(96,997)
(96,997)
Cash flows
£
(15,737)
(15,737)
(15,737)		 At 31
March
2023
£
3,521
3,521
(14,973)
(11,453)
At 31
March
2023
£
233,601
233,601
233,601

19

Apostolic Faith Mission International Ministries (UK) Statement of Cash flows

for the year ended 31 March 2023

Cash flows from operating activities
Net (expenditure)/income per Statement of Financial Activities
Adjustments for:
Decrease in trade and other receivables
Net cash (used in)/provided by operating activities
Net cash from investing activities
Net cash from financing activities
Net (decrease)/increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Components of cash and cash equivalents
Cash and bank balances		 2023
£
(11,452)
-
(11,452)
-
-
(11,452)
249,338
237,886
233,601
233,601		 2022
£
26,462
3,669
23,009
7,122
-
30,131
275,327
305,458
249,338
249,338

20

Apostolic Faith Mission International Ministries (UK) Detailed Statement of Financial Activities

for the year ended 31 March 2023

Income and endowments from:
Donations and legacies
Other trading activities
Other
Total income and endowments
Expenditure on:
Other expenditure
Employee costs
NAC Allowances
Honoraria
Refreshments
Motor and travel costs
Travel and subsistence
Premises costs
Rent
Rates
General administrative costs,
including depreciation and
amortisation
Depreciation of
Bank charges
Missions
Equipment leasing and hire
charges
General insurances		 Unrestricte
d funds
2023
£
24,502
26,398
-
31,124
82,024
-
-
-
-
-
82,024
-
-
5,170
4,000
89
9,259
9,214
9,214
5,170
810
5,980
208
405
309
27,125
379		 Restricted
funds
2023
£
-
-
3,520
-
3,520
-
-
-
-
-
3,520
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total funds
2023
£
24,502
26,398
3,520
31,124
85,544
-
-
-
-
-
85,544
-
-
5,170
4,000
89
9,259
9,214
9,214
5,170
810
5,980
208
405
309
27,125
379		 Total funds
2022
£
599
6,211
14,869
15,994
37,673
8,778
8,778
7,121
1
7,122
53,573
(10,037)
(10,037)
-
-
-
-
2,311
2,311
7,370
1,735
9,105
-
1,478
-
1,030
1,105

21

Apostolic Faith Mission International Ministries (UK) Detailed Statement of Financial Activities

Information and publications
Conference Costs
Software, IT support and related
costs
Stationery and printing
Subscriptions
Sundry expenses
Telephone, fax and broadband
Legal and professional costs
Audit/Independent examination
fees
Other legal and professional
costs
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net (expenditure)/income
Net (expenditure)/income before
other gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 295
35,269
-
-
-
3,670
683
68,343
3,000
1,200
4,200
96,996
96,996
-
(14,972)
(14,972)
-
(14,972)
-
(14,972)		 -
-
-
-
-
-
-
-
-
-
-
-
-
-
3,520
3,520
-
3,520
-
3,520		 295
35,269
-
-
-
3,670
683
68,343
3,000
1,200
4,200
96,996
96,996
-
(11,452)
(11,452)
-
(11,452)
-
(11,452)		 733
-
132
13
1,626
1,877
756
8,750
5,500
1,312
6,812
16,941
16,941
-
36,632
36,632
-
36,632
278,996
315,628

22