## 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|and
1.
Hosted a celebratory anniversary of
thefoundation ofBOLIM.| |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) **----- Start of picture text -----**
||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |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| **----- End of picture text -----**
|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| ||||||other during the harsh conditions
imposed on the church bythe covid-
19 restrictions.| ||||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.|growth.
Relevant
arms
of
the
church
continue to identify innovative ways| |||||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
po**l**icyand
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.|| **----- Start of picture text -----**
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
**----- End of picture text -----**
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 **----- Start of picture text -----**
- 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_
**----- End of picture text -----**
## 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) | ; : > 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||||| 4 ## 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| 2 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: **----- Start of picture text -----**
Sanaa aaaaaen Treasurer
**----- End of picture text -----**
SOS SSS)5171 Chairman 3 BREAD OF LIFE INTERNATIONAL MINISTRIES | Notes **----- Start of picture text -----**
Notes to the Statement of Financial Activities for the year ended 31 March 2021
**----- End of picture text -----**
## 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 **----- Start of picture text -----**
||||||||| |---|---|---|---|---|---|---|---| |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.| **----- End of picture text -----**
## 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. **----- Start of picture text -----**
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
**----- End of picture text -----**
4 **----- Start of picture text -----**
|||||||||| |---|---|---|---|---|---|---|---|---| |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| **----- End of picture text -----**
5 | |12 TANGIBLEFIXEDASSETS
Depreciation
rate|12 TANGIBLEFIXEDASSETS
Depreciation
rate|Minibus
25%|Musical
instum.
25%|F&F
Pulpit.
10%|Comput
Equipment
33%|Motor
Vehicles
25%|=Church
Building
4%|Building
—_Improvmnts
13%|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
468**5**
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
————|||||||| 8 r ## 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 ; 8