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← The Apostolic Faith Mission International Ministries UK

2024-03-31-accounts

Apostolic Faith Mission International Ministries (UK) Report of the Trustees for the Year ended 31 March 2024

Apostolic Faith Mission International Ministries (UK) Report of the Trustees for the Year ended 31 March 2024

Contents

Structure, Governance and Management .................................................................................................... 3 Structure ................................................................................................................................................... 3 Governing documents ............................................................................................................................... 4 Governing bodies ...................................................................................................................................... 4 Recruitment and Training of the Trustees ................................................................................................ 4 Organisational Management .................................................................................................................... 4 Branch structure ....................................................................................................................................... 4 Risk Management ......................................................................................................................................... 5 Mitigation………………………………………………………………………………………………………………………………………………..5 Objectives and Activities ............................................................................................................................... 5 Charitable Objects ......................................................................................................................................... 5 Review of performance against objectives ............................................................................................... 6 Public benefit ................................................................................................................................................ 7 Volunteers ..................................................................................................................................................... 7 National Place of Worship ............................................................................................................................ 7 Financial review ............................................................................................................................................ 7 Reserves policy .......................................................................................................................................... 7 Statement of Trustees Responsibilities ........................................................................................................ 7 Independent Examiner's Report……………………………………………………………………………………………………………...9 Financial Report……………………………………………………………………………………………………………………………….10-21

2

Apostolic Faith Mission International Ministries (UK) Report of the Trustees for the Year ended 31 March 2024

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: Trustees:Mr Norbert Ngenge (Chairman) Central Region
Mr Evans Mutamba (Southern Region) Mr Evans Mutamba (Southern Region)
Dr Charles R Chipere (President)
Rev Joshua Chigorimbo (Vice President
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 Barclays Bank PLC
Leicester
LE87 2BB

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 2024 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,

3

Apostolic Faith Mission International Ministries (UK) Report of the Trustees for the Year ended 31 March 2024

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

Branch structure

The units that were operational during the year were:

4

Apostolic Faith Mission International Ministries (UK) Trustees Annual Report

  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 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 because 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 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 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 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:

Apostolic Faith Mission International Ministries (UK)

Trustees Annual Report

Other objectives:

Review of performance against objectives

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

Training for affiliate charity trustees, assembly board members and departmental officials is now in place, and we conducted our first ever training for BOT members in July 2024, this was conducted by our very own highly talented internal resources and commissioned by the President for the UK, it covered all the basic necessary information for board of Trustees. We have another workshop for board of trustees marked for January 2025 which will cover the introduction of new proposed contracts, charities commission compliance issues and how to claim gift aid. More new Pastors (Ministers of Religion) having gone through and completed their studies at approved and accredited bible colleges, underwent probationary periods under various Senior Pastors (supervisors) before being ordained at the annual general conference.

6

Apostolic Faith Mission International Ministries (UK) Trustees Annual Report

. Public Benefit

In line with the aim of spreading the Christian gospel within the United Kingdom, AFMIM (UK) through its network of local churches, we 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.

The year under review has witnessed tremendous community outreach projects earmarked for spreading goodwill within our local communities and this has encouraged a positive impact within most of our local areas. We have seen all departments going all out to successfully execute their local, regional, and annual conferences which has been hugely encouraging.

National Place of Worship

Church programmes continue to be hindered by the absence of a national centre 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.

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 for the year ended 31 March 2024 is £239,709 compared to the year ended 31 March 2023 is £85544.00 The 180% increase in incoming resources is due to the consolidation of four regions and the national AFM IM in England & Wales and Scotland.

Resources Expended were £265604 for the year ended 31 March 2024 as compared to £96996 resources expended in year end 31 March 2024. This increase of 174% is mainly due to the consolidation of expenditures four regions and the national AFM IM in England & Wales and Scotland.

There is no significant change in the restricted funds (building funds) as compared to the previous years.

The Net Incoming Resources for the year ended were negative as compared to the previous year. However, the church needs to find cost savings wherever possible or need to seek more resources to finance the activities of the church.

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 cash balance for the year ended 31 March 2024 is £54780 due to the consolidation of four regions and the national AFM IM in England & Wales and Scotland. However, the AFM IM needs to continue reviewing its reserve policy in order to meet the set goals.

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

7

Apostolic Faith Mission International Ministries (UK) Trustees Annual Report

financial year which give a true and fair view of the situation 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 17 January 2025

Signed on behalf by:

Norbert Ngenge

Mr Norbert Ngenge Trustees Chairman.

8

Apostolic Faith Mission International Ministries (UK) Independent Examiners Report

Independent Examiner's Report to the trustees 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 2024.

Responsibilities and basis of report

As the charity's trustees 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

17 January 2025

9

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

for the year ended 31 March 2024

Notes
Income and endowments
from:
Donations and legacies
3
Total
Expenditure on:
Raising funds
4
Other
5
Total
Net losses on investments
Net (expenditure)/income
6
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
2024
£
239,709		 Restricted
funds
2024
£
2,348		 Total funds
2024
£
242,057		 Total funds
2023
£
85,544
239,709
122
265,482		 2,348
-
-		 242,057
122
265,482		 85,544
-
52,249
265,604
(40,824)		 -
-		 265,604
(40,824)		 52,249
-
(66,719)
-		 2,348
-		 (64,371)
-		 33,295
-
(66,719) 2,348 (64,371) 33,295
(66,719)
44,964		 2,348
188,637		 (64,371)
233,601		 33,295
122,842
(21,755) 190,985 169,230 156,137

10

Apostolic Faith Mission International Ministries (UK) Balance Sheet

at 31 March 2024

Charity No. 1096543
Fixed assets
Tangible assets
8
Current assets
Cash at bank and in hand
Creditors:Amount falling due within one year
9
Net current assets
Total assets less current liabilities
Provisions for liabilities
10
Net assets excluding pension asset or liability
Total net assets
The funds of the charity
Restricted funds
Restricted income funds
11
Unrestricted funds
11
General funds
Reserves
11
Total funds		 2024
£
791
791
245,765
245,765
(3,000)
242,765
243,556
(30,816)
212,740
212,740
190,985
190,985
21,755
21,755
212,740		 2023
£
-
-
233,601
233,601
-
233,601
233,601
-
233,601
233,601
188,637
188,637
44,964
44,964
233,601

Approved by the trustees on 31 March 2024

And signed on their behalf by:

N. Ngenge

NorbertNoge

Trustee

17 January 2025

11

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

for the year ended 31 March 2024

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

12

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.

13

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 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.

14

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

2
Statement of Financial Activities - prior year
Income and endowments from:
Donations and legacies
Total
Expenditure on:
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
National
Midlands
Central
North (6846) & South (14161)
4
Expenditure on raising funds
Costs of generating voluntary
income		 Unrestricted
£
121,458
43,184
54,060
21,007
239,709		 Unrestricted
funds
2023
£
82,024
82,024
96,996
96,996
(14,972)
(14,972)
(14,972)
122,842
107,870
Restricted
£
2,348
-
-
-
2,348
Unrestricted
£
122
122		 Restricted
funds
2023
£
3,521
3,521
-
-
3,521
3,521
3,521
185,116
188,637
Total
2024
£
123,806
43,184
54,060
21,007
242,057
Total
2024
£
122
122		 Total funds
2023
£
85,545
85,545
96,996
96,996
(11,452)
(11,452)
(11,452)
307,958
296,507
Total
2023
£
24,502
26,398
3,520
31,124
85,544
Total
2023
£
-
-

15

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

5
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
6
Net (expenditure)/income before transfers
This is stated after charging:
Depreciation of owned fixed assets
7
Staff costs
No employee received emoluments in excess of £60,000.
8
Tangible fixed assets
Cost or revaluation
Additions
At 31 March 2024
Depreciation and
impairment
Depreciation charge for the
year
At 31 March 2024
Net book values
At 31 March 2024
9
Creditors:
amounts falling due within one year
Accruals
10 Provisions
Movement for the year
At 31 March 2024		 Unrestricted
£
25,902
59,101
9,347
708
162 624
7,800
265,482
2024
£
708
2024
£
3,000
3,000		 Total
2024
£
25,902
59,101
9,347
708
162,624
7,800
265,482
£
1,249
1,249
458
458
791
Other
provisions
£
32,553
32,553		 Total
2023
£
89
9,214
5,980
208
32,558
4,200
52,249
2023
£
208
£
1,249
1,249
458
458
791
2023
£
-
-
Total
£
32,553
32,553

16

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

11 Movement in funds

Restricted funds:
Restricted income funds:
Total
Unrestricted funds:
General funds
Total funds
12Analysis of net assets between funds
Fixed assets
Net current assets
Creditors due in more than one year and
provisions
13Reconciliation of net debt
Cash and cash equivalents
Net debt		 At 1 April
2023
188,637
188,637
52,924
241,561		 Incoming
resources
(including
other
gains/losses
)
£
-
-
198,885
198,885
Unrestricted
funds
£
791
56,442
(32,553)
24,680
At 1 April
2023
£
233,601
233,601
233,601		 Resources
expended
£
-
-
(265,604)
(265,604)
Restricted
funds
£
-
190,985
-
190,985
Cash flows
£
12,164
12,164
12,164		 At 31
March
2024
£
188,637
188,637
(13,795)
174,842
Total
£
791
247,427
(32,553)
215,665
At 31
March
2024
£
245,765
245,765
245,765

17

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

14 Commitments

Operating lease commitments

Annual commitments under non-cancellable operating leases are as follows:

2024
Land and
buildings
Operating leases with expiry date:
Pension commitments
The pension cost charge to the charity
£
amounted to:		 2024
2023
Other
Land and
buildings
£
£
2024
£
-		 2023
Other
£
2023
£
4,000

18

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

for the year ended 31 March 2024

Cash flows from operating activities
Net expenditure per Statement of Financial Activities
Adjustments for:
Movement in provisions
Depreciation of property, plant and equipment
Increase in trade and other payables
Net cash used in operating activities
Cash flows from investing activities
Payments for property, plant and equipment
Net cash used in investing activities
Net cash from financing activities
Net decrease 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		 2024
£
(64,371)
30,816
458
3,000
(30,097)
(1,249)
(1,249)
-
(31,346)
233,601
202,255
245,765
245,765		 2023
£
(11,452)
-
-
-
(11,452)
-
-
-
(11,452)
249,338
237,886
233,601
233,601

19

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

for the year ended 31 March 2024

Income and endowments from:
Donations and legacies
National
Midlands
Central
North (6846) & South (14161)
Total income and endowments
Expenditure on:
Costs of generating donations and
legacies
Total of expenditure on raising
funds
Employee costs
Staff entertainment
Staff training
Staff welfare
Temporary staff
Motor and travel costs
Vehicles - General costs
Vehicles - Leasing and hire costs
Vehicles - Fuel
Travel and subsistence
Fares
Premises costs
Rent
Rates
General administrative costs,
including depreciation and
amortisation
Depreciation of
Bank charges
Equipment leasing and hire
charges		 Unrestricte
d funds
2024
£
121,458
43,184
54,060
21,007
239,709
6,580
1,328
7,664
10,330
25,902
200
975
91
48,453
9,382
59,101
6,414
2,933
9,347
708
558
10,177
239,709
122
122
122		 Restricted
funds
2024
£
2,348
-
-
-
2,348
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2,348
-
-
-		 Total funds
2024
£
123,806
43,184
54,060
21,007
242,057
6,580
1,328
7,664
10,330
25,902
200
975
91
48,453
9,382
59,101
6,414
2,933
9,347
708
558
10,177
242,057
122
122
122		 Total funds
2023
£
24,502
26,398
3,520
31,124
85,544
85,544
-
-
89
-
-
-
-
89
-
-
-
9,214
-
9,214
5,170
810
5,980
208
405
27,125

20

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

Equipment repairs and
maintenance
General insurances
Information and publications
Conference Venue
Conference Costs
Stationery and printing
Subscriptions
Sundry expenses
Telephone, fax and broadband
Legal and professional costs
Audit/Independent examination
fees
Solicitor's fees
Other legal and professional
costs
Total of expenditure of other costs
Total expenditure
Net gains/losses
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		 28,593
-
233
65,908
11,928
1,409
35,488
7,922
408
163,332
3,000
4,800
-
7,800
265,482
265,604
(40,824)
(66,719)
(66,719)
-
(66,719)
44,964
(21,755)		 -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2,348
2,348
-
2,348
188,637
190,985		 28,593
-
233
65,908
11,928
1,409
35,488
7,922
408
163,332
3,000
4,800
-
7,800
265,482
265,604
(40,824)
(64,371)
(64,371)
-
(64,371)
233,601
169,230		 -
379
295
-
-
-
-
3,671
683
32,766
3,000
-
1,200
4,200
52,249
52,249
-
33,295
33,295
-
33,295
33,295

21