2021-03-31-accounts - Bread Of Life International Ministries

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iy=|2, CHARITYFOR ENGLAND COMMISSION AND WALES

Trustees’ Annual Report for the period

|From|(start date)||to (end date)|31|| 03 |2021|| |---|---|---|---|---|---| |SECTION A||Reference and|administration details||| |||Bread of Life International Ministries||/Bread of Life Churches|| |||international.|||| |charity|is known b||||| |number|||||| |address|||||| |Names|of the trustees|who manage the charit|||| ||||Senior Pastor BOLIM||| ||||Secreta|||

Names of the trustees who manage the charit

Names and addresses of advisors

			Address
1.	Legal	Rebecca Abiona	22 Cromer Road
			Southend-on-Sea
			$S$i 2DU
2.	Accounting	FAAccounting	No7 Shieling House, 30 Invincible
		Services Limited	Road, Farnborough, Hampshire,


	Names	of other senior members
		Role
		Associate pastor
“SECTION B		__ Structure,governanceandmanagement
		trustee roles, expectations and good stewardship in
		theperiodunderconsideration.

			2.	Trustees continue to enjoy sharing from the Best
				Practices learned from the training session to
				influence efficiency and prudence in managing
				BOLIM achieve its aims and objectives.
Pastoral training			1.	Members of staff completed programmes ranging
				from diploma to masters’ degree.
			2.	BOLIM committed to continual development of all
				forms using education and training, including short
				courses, seminars, diplomas and certificates.
Additional	trustees		1.	Newtrustees will receive induction as per the budget
				provided.
			2.	The composition of new trustees reflects diversity
				and inclusivity dimensions that the charity cherishes
				amongst its varied stakeholders.
Collaborative Ministerial work			1.	BOLIM has continued to work with other Christian
				fellowships to further the good news of Christ.
			2.	Some of the BOLIM leadership attended multi-faith
				symposiums and conferences as part of increasing
				the charity's understanding ofthe wider environment,
				necessary to develop love and tolerance across
				communities.
Policy reviews and updates			1.	Many of the policies were subject of reviews and
				updating to reflect the high expectations that the
				BOLIM family prides itself on.
			2.	Voluntary and contracted professional views
				influenced input into the current portfolios.
			3.	Physical files are now available to all the
				stakeholders for their perusal and input.
—		.
NN Co Se Summaryofthepurposes __	Para1.17 e ToadvancetheChristian Faith in and objectives of the accordance with the statement of
BOLIM as	set out in its			Beliefs.
governing	document			e Fulfil such other purposes, which
				are exclusively charitable according
				to the law of England and Wales.
I	SECTION D			Achievements and performance
Summary ofthe main Para activities in relation tothose	''°			1.17and
purposes forthe public benefit, in particular, the				2. Hosted a 3-day conference themed “Great Grace” and exceeded
activities, projects or				trustees’ expectations.
services identified in the accounts.				3. Symbolic material and food marked the fellowshipping and celebrations
				on the occasions of both the 16%
				anniversary and the conference.
				4. Have hosted pastors from other
				similar faith organisations to share
				on the Holy Bible, mainly to support
				and encourage brethren after a
				difficult year due to the covid-19
				pandemic.
				5. Updated internet —connectivity
				Capabilities to reflect the increased
				demand of online services in
				furtherance of the aims and

its wider stakeholders. | objectives of the BOLIM family and | 6. Some of the newlyweds had ceremonial celebrations hosted in the BOLIM premises. 7. Mother and toddler programmes resumed after the lockdown, complementing the online interface. 8. The foodbank continued despite the covid-19 challenges. The trustees, together with the BOLIM operational Staff found innovative ways to sustain this important community initiative. 9. Both men’s and women’s annual programmes themed on_ the breakfast and beauty for ashes, respectively, were a huge support on alternative interfaces. 10. Youths had a successful virtual games night. BOLIM has received calls to host the event again in the coming year. 11.A new branch of BOLIM started in Zimbabwe with the support of the trustees. Resources including both physical and financial were availed to the BOLIM church in Zimbabwe. 12. The BOLIM doors continued to be open to the vulnerable members of | the wider community in Essex. There iS a noticeable increase of numbers of vulnerable people calling in the church for spiritual, emotional and physical support. Statement confirming Para 1.18 The trustees have followed the governing whether the trustees have document, read in conjunction with the had regard to the guidance relevant statutes and advice on best issued by the Charity practices given by competent bodies and Commission on public individuals of good repute. benefit

Additional information (optional)

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||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |You|may|choose|to|include|further|statements|where|relevant|about:| |a| |1.|The|policy|has|not|changed|in|this|area.| |Policy on|grant|making|Para 1.20|2.|Theremade|inwerethe|currentno|significantperiod.|donations| |Policy|on|social|investment|Para|1.20|1.|area.The|policy|has|not|changed|in|this| |including|program|related|2.|Policy|under|review| |investment| |a|made various social contributions|to|

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Contribution made by volunteers			the charity, including investing time to clean the grounds, serve tea,
			material donations sent to the new
			BOLIM church in Zimbabwe and
			basically, being the keepers of each

		Nothing worth reporting

Additional information
		1.	In the context of a _covid-19
			pandemic environment, the BOLIM
Achievements against	Para 1.41		trustees and staff achieved most of
objectives set			the aspirational goals set at the
			beginning of the year.
		2.	Lessons learned will inform the
			continuous improvement agenda.
		3.	Membership growth is on course.
		4.	BOLIM exceeded the_ financial
			target.
		1.	New fundraising interfaces worked
			well and led to a marked financial
Performance offundraising activities against objectives	Para 1.41 set		2.
			to add to the revenue streams for the
			church.
		1.	BOLIM has not invested in any risky
			portfolios. The financial resources
Investment performance against objectives	Para 1.41		are in the currentaccount ofa local bank.
		None
Other

Additional information

Financial Review

Review ofthe charity's financial position atthe end	Para 1.21	The charity is in averygood financial position.	The charity is in averygood financial position.
of the period
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	BOLIM operates three reserve, savings and respectively.	banking accounts, current accounts,
Reasons for holding zero		N/A
reserves
Details offund materially in sect Explanation of any		Para 1.24 Para 1.23	N/A
uncertainties about the
charity continuing as a going
concern
Additional information (optional)
You may choose to include further statementswhere		where relevant about:
		1. The church members’ tithes
The charity’s principal sources offunds (including	Pa 1-47 any fundraising)		2. Freewill offerings 3. Gift Aid 4. Fundraising

		Investment and social investment policies
Investment policyand objectives inc uding any	sleeatiniis	aresubject of regularreviews to reflectthe ever-changingsocio-economic environment
social investment policy
adopted
		1. Uncertainties owing to the covid-19.
A description ofthe principal risksfacingthecharity		Para 1.46	Long-term impactofthecovid-19 virus remains subject ofwide speculation.

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Funds held as custodian trustees on behalf of others
Description of the assets N/A
held in this capacity
Name and objects of the N/A
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects
Details of arrangements for | N/A
safe custody and
segregation of such assets
from the charity's own
assets
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Exemptions from disclosure Reason for non-disclosure of key personnel details

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

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- os . <1
Full name(s) |Dennisha Abiona Siphathisnwe P Nyathy
Position |Chair of Board of Trustees Secretary of the Board of Trustees
Date S-i-2erve
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BREAD OF LIFE INTERNATIONAL MINISTRIES

CHARITY INFORMATION For the period ended 31 March 2021

Trustees:

Mrs Dennisha Abiona - Chair Dr Mandla Nyathi — Vice Chair Mrs Siphathisiwe P Nyathi — Secretary Mrs Kudzai Nduna Pastor Tapiwamunashe Nduna

Registered office:

Miracle Centre Rushley Basildon Essex $S$13 1SL United Kingdom

Independent Examiner: fa Accounting Services Limited 14 Shieling House 30 Invincible Road , Farnborough GU14 7QU

Charity Reg. No: 1123248 (England and wales)

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BREAD OF LIFE INTERNATIONAL MINISTRIES Financial statements for the year ended 31 March 2021

ReceiptsandPaymentsAnalysis	ReceiptsandPaymentsAnalysis	Unrestricted	Restricted	General	Total	Total
2	Incomingresources Voluntary Receipts	Funds £	Funds £	Funds £	2024 £	2020 £
	WeeklyTithesand offerings Special offeringsanddonations incometaxrefundsunderGiftAid OiherIncome TotalIncomingresources Resources expended	41,180 7,005 9,479 2,384 60,045	0 0 0 0 0	O 0 0 0 0	41,180 7,005 9,479 2,381 60,045	31,712 6,740 8,664 2,601 49,717
3	Ministirial Costs
	Pastor'sStipend Pension allowances	16,800 1,450 3,780	0 0 0	0 0 0	16,800 1,450 3,780	16,800 885 3,806
4	Church costs:	22,030	0	0	22,030	21,491
	Insurance Busexpenses Travel Maintenance Utilities Shed Conferences, Anniversary&retreats Teasand Kitchensupplies Subscriptionand Fees CICandCCPAS	536 795 0 1,842 2,851 0 1,722 0 531 480	0 0 0 0 0 0 0	0 0 0 0 0 0 0	536 795 0 1,842 2,851 0 1,722 0 §31 480	609 931 620 2,481 2,321 920 1,059 599 756 775
5	Teaching costs:	8,757	i)	0	8757	11,071
6	Pulpitsupply Children&youth activities Women'sFellowship Men'sFellowship Communications:	600 0 0 600 52 230 6 0 230 617 0 0 0 0 3,877 769 0 0 769 1,385 ee ee eye
	Printing, postageandstationery Media andtechsupplies Generalexpenses Internet	47 808 4,493 130	0 0 0 0	0 0 0 Q	47 808 1,493 130	86 818 1,858 0
		2,478 a	0	0 2,478 2,762 cl
7	Grants payableand restricted donations	34,864	i)	0	34864	41,255
	Tithepayments Loveofferings benevolence Charityandmission	1,840 1,400 155 820	G 0 0 0	0 0 0 0	1,840 1,400 755 820	0 1,170 702 0
8	Governancecosts	4,815	6	0	4815	1,872
	IndependentExaminer	350	0	0	350	350
9	Acquisition ofAssets	350	0	0	350	350
	AcquisitionofAssets	4,908	0	0	1,908	1,836
10	Finance charges and Other Fees	1,908	0	0	1,908	1,836
	HMRCTaxpayments	3,180	0	0	3,180	3,150
		3,180	0	0	3,180	3,150
	Total resourcesexpended	45,117 0 QO 45,117 48463 a
	Netof receiptsat31/03/2021	14,928 0 0 14,928 1,254 ain ee

BREAD OF LIFE INTERNATIONAL MINISTRIES

Financial statements for the year ended 31 March 2024

Fundsmovements	movementsduringtheyear			Unrestricted Restricted General Total Total
2	Incomingresources			Funds Funds Funds 2021 2020 £ z £ £ £
	Net ofreceiptsat31/03/2021	a		et 14,928 0 Q 14,928 1,254 eee
	Closing balance at31/03/2020
	CurrentAccount 1 CurrentAccount2 InvestmentAccount TotalFundsat31/03/2020		b	2,253 0 0 2,253 2,252 6,710 0 0 6,710 5,456 11,468 0 Q 11,468 11,468 20,431 0 0 20431 19.177 an
	Closing balanceat31/03/2021-a+b			35,359 0 Q 35,359 20,431 ———
	TrusteesAccount CurrentAccount 68841191 CurrentAccount68681062			27,600 0 0 27,600 11468 3,271 0 0 3,271 2252 4,488 0 0 4,488 67114
	CashFundsat31 March2021			35,359 0 0 35,359 20,431 SSS Ss

BREAD OF LIFE INTERNATIONAL MINISTRIES FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 RIA STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

STATEMENT OF ASSETS AND LIABILITIES

Fixed Assets	Notes	UnrestrictedDesignated Funds Funds E ¥	Restricted Funds £	Total 2021 £	Total 2020 E
Tangibleassets Investments	12 15	209,375 0 27,600 0 236,975 0 —_—	0 0 0	209,375 27,600 236,975	209,573 21,505 231,078
CurrentAssets
Debtors -GiftAid Bankandcashbalances	16	351 0 0 351 7,759 0 0 7,759 8,110 0 0 8,110 ee			6,359 2,449 8,808 ae
Current Liabilities
Creditorspayablewithinoneyear	13	(350) 0	0	(350)	(350)
NetCurrentAssets		7,760 0 0 7,760 8,458 YO 8458
TotalAssetslessliabilities		_247350 ~S~S« SSS		«DATOS	DOSS
Financed by:-
TheFundsoftheCharity
AccummulatedFunds BuildingFund		41,135 0 203,600 0	0 0	41,135 203,600	34,066 205,470
TotalLiabilities+Equity		244,735 0 SSS SSS	0	244,735	239536

APPROVED by the Church Meeting held on 16th January 2021 and signed on its behalf by:

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Sanaa aaaaaen Treasurer
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SOS SSS)5171 Chairman

BREAD OF LIFE INTERNATIONAL MINISTRIES

Notes

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Notes to the Statement of Financial Activities for the year ended 31 March 2021
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fa Basis of Preparation The financial statements have been prepared in accordance with the Accounting Regulations set out under the Charities Act 1993, and with the Charities Statement of Recommended Practice 2005.

1b Fund Accounting Unrestricted funds are available for use at the discretion of the church in furtherance of its charitable objectives. Restricted funds are subjected fo restrictions on their expenditure imposed by the donor, or contained in the terms of the grant. Endowment funds are funds the capital of which must be maintained: normally only income arising from investment of the endowment may be used, either as restricted or unrestricted funds depending on the purpose and terms on which the endowment was established.

ice Fixed Assets

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||||||||| |---|---|---|---|---|---|---|---| |Freehold|property:| |A church|building and a minibus was donated to Bread of Life International minisiries.|The Axed asseis|recognised| |by the Church|include, The church|building,|Minibus,|Musical|Instruments,|Furniture| |and|Fittings and Computer equipment and|projectors.|Depreciation|on fixed|assets|is|calculated| |to write off the cost on a straight-line basis|over their expecied|useful|lives at the following|rates:| |Church|Building|4.00%| |Musical instruments|25.00%| |Furniture and fittings|10.00%| |Computer equipment|33.00%| |Motor Vehicles|25.00%| |Building|Improvements|13.33%| |Investments|:Quoted|investments are stated|at market values.|All other investment asseis|are shown|at cost.|

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id Incoming Resources

All voluntary giving is included in the financial statements for the period in which it is received. Donations under Gift Aid plus the associated tax recovery are recognised as income when the donation is received. Legacies are accounted for when their receipt is certain and can be properly quantified. All other income is generally recognised when it is receivable.

je Resources Expended

The Bread of Life International Mission Fund contribution is paid regularly and is included in the financial statements for the year to which it relates. Resources expended are recognised in the period to which they are incurred. They are allocated to the particular activity to which they relate. Governance costs represent direct expenditure on the governance of the church, including the production and independent scrutiny of these financial statements. As most of the management and activity of the church is carried out by volunteers, this intangible cost is not included in the financial statements as this voluntary contribution to the life of the church is incalculable.

1f Taxation

Bread of Life International Ministries, as a church is an excepted charity within the meaning of the Taxes Acts. Accordingly it is potentially exempt from taxation in respect of income and capital gains received to the extent that such income or gains are applied to exclusively charitable purposes. No provision for taxation has been made in these financial statements.

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2 Incoming resources Unrestricted Restricted General Total Total
: Funds Funds Funds 2021 2020
Voluntary Receipts £ £ £ £ £
Weekly Tithes and offerings 41,180 0 0 41,180 31,712
Special offerings and donations 7,005 0 0 7,005 6,740
Income tax refunds under Gift Aid 9,479 0 0 9479 8,664
Other Income 2,381 2,381 2,600
Total Incoming resources 60,045 0 0 60,045 49,716
SUTTER
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|||||||||| |---|---|---|---|---|---|---|---|---| |BREAD OF LIFE INTERNATIONAL MINISTRIES| |Notes to the Statement of Financial Activities-continued| |For the Year ended 31|March 2024| |Notes|UnrestricteRestricted|General|Total|Total| |3|Funds|Funds|Funds|2021|2020| |Ministirial Costs|£|£|£|£|£| |Pastor's|Stipend|16,800|0|0|16800|46,800| |Pension|1,450|1,450|885| |allowances|3,780|3,780|3,806| |4|Church|costs:|22,030|0|0|22,030|21,491| |insurance|636|0|0|536|609| |Bus expenses|795|0|0|795|1,311| |Maintenance|1,842|0|0|1,842|5,722| |Utilities|2,851|0|0|2,854|2,321| |Conferences, Anniversary & retreats|1,722|0|0|1,722|1,069| |Teas and Kitchen supplies|0|0|0|0|599| |Subscription and Fees|534|0|0|534|756| |CIC and CCPAS|480|0|0|480|175| |5|Teaching|costs:|8,757|0|0|8757|13,162| |Pulpit supply|600|0|0|600|52| |Children & youth activities|230|0|0|230|617| |Adult programmes|76g|0|0|769|5,887| |§|Communications:|1,599|0|0|1,599|6,556| |Printing, postage and stationery|47|0|0|47|86| |Media|599|0|0|599|444| |Tech|Supplies|209|0|0|209|374| |General expenses|1,493|0|0|1493|1,858| |internet|130|0|0|130|0| |2,478|0|0|2478|2762| |ONE| |7|Sub Total|34,864|Q|0|34864|43,971| |Grants|payable and|reatricted|donations| |Other Tithe Fund payments|1,840|0|0|=|1,840|0| |Love offerings|1,400|0|0|1,400|1,170| |benevolence|755|0|0|756|702| |Charity and mission|820|0|0|820|0| |8|Governance costs|ee4,815|0|0|4,815|1,872| |independent Examiner|350|0|)|350|350| |8|Acquisition|of Assets|350|0|0|350|350| |Acquisition|of Assets|1,908|1,908|1,836| |10|Finance charges|and|Other Fees|1,908|0|0|1908|1,836| |HMRC Tax payments|3,180|0|0|3,180|3,154| |.|3,180|0|it)|3,180|3,151| |eT| |Total|resources expended|Air|0045117|51,180| |Netincoming resources|el14,928|0|0|14,928|(1,459)Gtk|y| |11|Movement of funds| |Brought forward|20,431|0|0|20,431|12,743| |Transfers out during the year|(45,117)|0|0|(45,117)|(48,738)| |Transfers|in during the year|60,045|0|0|60,045|49717| |Total funds carried forward|35,359|0|0|35,359|20,431|

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12 TANGIBLEFIXEDASSETS Depreciation rate	12 TANGIBLEFIXEDASSETS Depreciation rate	Minibus 25%	Musical instum. 25%	F&F Pulpit. 10%	Comput Equipment 33%	Motor Vehicles 25%	Total 2,021 0%
_	NetbookValueat31/03/2020 Additions2021 Total Depreciation NetbookValue @ 31/03/2021	0 2,177 68 711 712 210,083 1,948 0 750 469 689 0 0 O 0 2,927 537 1,400 712 =:210,083 1,948 0 732 54 462 178 8,403 260 0205 eats aa600 4685 209,37					215,699 1,828 217,607 «10,168 ease
	13 CurrentLiabilities Creditorspayablewithinoneyear: independentexaminer	£ 350	£ 0	£ 0	2024 pa 350	2020 £ 350
		350 0 0 350 350 ael icl
14 Debtors
	Represents amountspaybleby HMRC inrespectofGiftAid	351	0	£ 0	2021 z 351	2020 5,172
15 Investments		354	0	0	351	5,172
	NatwestSavingsAccount	27,600	0	0	27,600	21,505
16 Cash resources		27,600	0	0	27,600	21,505
	CurrentAccount-68841191 CurrentAccount-68681062	3,271 4 488	0 0	0 0	3,271 4488	1,538 912
		7,759 0 6 7,759 2,449 ————

BREAD OF LIFE INTERNATIONAL MINISTRIES FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021

Treasurer's Report

| have prepared the financial statements on pages 1 to 7 for the year ended 31 March 2021

ee

Independent Examiner's Report

eea;

| report on the financial statements of BREAD OF LIFE INTERNATIONAL MINISTRIES for the year ended 31 March 2020, which are setout on pages 1 to 6.

Respective responsibilities

The church is responsible for the preparation of the financial statements, and considers that the audit requirement of Section 43(2) of the Charities Act 1993 (the Act) does not apply. Itis my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under Section 43(7)(b) of the Act, whether particular matters have come to my attention.

Basis of Independent Examiner's report

My examination was carried out in accordance with the General Directions of the Charity Commissioners. An examination includes a review of the accounting records kept by the church and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently | do not express an audit opinion on the view given by the financial statements. Independent Examiner's statement In connection with my examination of the church funds, nothing came to my attention which gave me cause to believe otherwise than that the financial statements accord with the accounting records of the church, and that those records satisfied the requirements of the Act. | am not aware of any matter to which attention should be drawn in order to enable a proper understanding of the financial statements to be reached.

Signed by the Independent Examiner: date: 10th November 2021

FU Accounting Sewices Limtted

f@ Accounting Services Limited

No 14 Shieling House 30 Invincible Road

Farnborough GU14 7QU

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