## **Trustees’ Annual Report for the period** **From** 1[st] April 2023 **Period start date to** 31[st] March 2024 **Period end date** **Charity name:** Bread of Life International Ministries ## **Charity registration number:** 1123248 ## **Objectives and Activities** ||SORP
reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|Advance the Christian Faith in accordance with the statement of
Beliefs appearing in the schedule hereto in Basildon and in such
other parts of the United Kingdom or the world as the Executive
Committee may from time to time think fit.
Fulfil such other purposes which are exclusively charitable
according to the law of England and Wales and are connected
with the charitable work of the trust.
To relieve persons who are in conditions of need or hardship or
who are aged or sick and to relieve the distress caused hereby in
the said locations and in such other parts of the United Kingdom
or the world as the Executive Committee may from time-to-time
think fit.
To advance any other purpose beneficial to the community in
which the Ministry operates in.| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17
and 1.19|-Sunday fellowship
-Ladies fellowship, where women learn and share on
entrepreneurial
skills, community development. Ladies annual retreat, conference
and breakfast meetings
-Men’s fellowship, often attracting men from the community,
other denominations and faith groups. Annual retreat and
breakfast meetings
-Couples’ fellowships, a platform for building lifelong marriages,
learning and developing parental skills and designed to also
foster community cohesion.
-Youth activities and services that allow BOLIM youth to
fellowship with youth from other churches in Basildon
-Music performances and platforms for aspiring young talent
continues. Opportunities to develop praise and worship leaders
and an opportunity to learn how to play various music instruments
-Sunday school activities for children aged 11 and below. Annual
trips and learning opportunities
-Weekly Tea and Cake session for the elderly in the community
giving an opportunity to meet others, play games and fellowship
-Weekly bible study sessions
-Morning devotions from Monday to Friday
-Weekly prayer sessions
.| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|None issued| ## **Additional information (optional)** You may choose to include further statements where relevant about: ||SORP reference|| |---|---|---| |Policy on grant making|Para 1.38|No changes to this policy in this current year.
Donations to other charitable activities amounted to
£3,037.00.| |Policy on social investment
including program related
investment|Para 1.38|| |Contribution made by volunteers|Para 1.38|Most of the charitable work was undertaken by
volunteers who continue to be pivotal in the church
community involvement.| |Other
Plans for the future of the church.||(i) Consider extension of the Miracle Centre as the
building is becoming too small to accommodate all
congregants
(ii)Progress the registration of the Miracle Centre as
a Marriage venue and progress the registration of a
Marriage Officer.
(iii) New assemblies in Kings Lynn and Milton
Keynes.
(iv) Strengthening Evangelism team as it once again
looks at going out into the world and impacting the
marketplace
(v) Leadership training for all leaders and workers
(vi) Car Park maintenance and markings
(vii) Small-scale works that need to be completed
within the church building
iix) Consider investment of charity funds
ix) Succession planning and training of young people
into various departments
x)Set up a building fund| ## **Achievements and Performance** ||SORP
reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.
Objectives, activities, and
achievements of the church
2023-2024.|Para 1.20|i)
The thee for BOLIM for the year 2023 to 2024 was
on ‘Impacting the Marketplace’. This year started
with the resumption of our Tea and cake Monday
morning sessions for the elderly within the
community that had been put on hold during the
COVID pandemic. Weekly services continued with
morning devotions every Monday to Friday morning
from 7am to 8am., Midweek bible study every
Wednesday evening via zoom and Friday Evening
prayers between 6 and 7pm via the
prayer/conference line.
ii)
The Easter conference was held from Friday 29th
March 2023 and Sunday 1stApril 2023 with Junior
Pastors Leye Adeyeye and Michael Doka leading the
services while Senior Pastor Nduna was attending
BOLIM Zimbabwe conference. BOLIM joined up with
other Basildon churches for the Walk of Witness on
Good Friday.
iii)
BOLIM Leadership team held an all-day training on
the 8thApril 2023 and completed a SWOT analysis| |Objectives, activities,
and achievements of
the church 2022-2023.
Overseas Charitable
work||of the BOLIM strategy (articulating our vision and
mission). Leaders found this fruitful, very engaging
and highly rewarding with positive input from all
attendees. The new church logo was also finalised
and adapted
iv)
A baptism service was held on 9thApril with
Kingswood Baptist Church where 1 member of
BOLIM was baptised
v)
A child dedication service was held on Sunday 21st
May 2023 where several babies and young children
were dedicated to the Lord. This service was very
well attended.
vi)
Dr Hugh Osgood was guest speaker on Sunday 28th
May 2023 and dedicated an additional child to the
Lord
vii)
The Beauty for Ashes Ladies Group held their
annual weekend retreat from the 5thto 7thMay 2023
and was described by attendees as empowering the
ladies psychologically, spiritually and emotionally
and a huge success
viii)
The Men of Valour Men’s group also had their
annual retreat from the 2nd ofJune to 4thJune 2023.
Attendees described this as a success and the men
found it wonderful and fantastic time together as
men.
ix)
BOLIM joined up with other churches in Basildon to
mark the King’s coronation
x)
BOLIM had a Family Fun Day picnic at Wat Tyler
Park on the 29th ofJuly 2023 with fun creative
outdoor games and activities for the whole family
and engagement with community members and
using this as an opportunity to share the gospel.
xi)
BOLIM experienced very high attendance of new
members in June and July 2023 with many people
walking into Sunday services
xii)
Children’s trip was held in July 2023 to allow children
to attend prior to school holidays. The children
enjoyed this educational trip to Old McDonalds Farm
in Brentwood.
xiii)
The BOLIM Annual conference was held from 22nd
September to 24thSeptember 2023 with the theme
‘Occupy till I come’. Senior Pastor Nduna ministered
on Friday 22ndSeptember, Dr Dipo Oluyomi on
Saturday 23rdSeptember morning. Saturday 23rd
September 2023 was an ordination service where
Deacon Leye Adeleye and Deaconess Abiola
Adeyeye were ordained as Pastors. Adesoji
Adeyanju and Aisha Adeyanju were ordained into the
offices of Deacon and Deaconess. Bishop Noel
McLean ministered on Sunday 24thSeptember and
led the 18thanniversary celebration. The conference
was described as well organised, spiritually fulfilling
and generally successful.
xiv)
BFA also held a 1-day conference on Saturday 11th
November 2023 with Guest Speaker Gervis Mensah
with topic of Financial Empowerment delivered to the
ladies
xv)
BOLIM observed Safeguarding Sunday in line with
Thirty-one-eight and dedicate the Sundayservice to| |---|---|---| ||discussions around safeguarding vulnerable adults| |---|---| ||and children and sharing the Safeguarding Policy| ||with the congregation.| |xvi)|A Thanksgiving and worship night was held on| ||Saturday 9thDecember 2023 led by Pastor Jane| ||Doka which was a huge success and featured other| ||praise and worship guest ministers| |xvii)|The BOLIM internet website was revamped in| ||December 2023| |xviii)|A couples’ valentine dinner was held on Saturday 2nd| ||March 2024 at The Magic Mushroom Restaurant in| ||Barleylands and drew great attendance from BOLIM| ||couples and couples outside BOLIM.| |xix)|BOLIM youth participated in Youth for Christ for all| ||Basildon churches throughout the year| |xx)|The year was sealed with another leadership training| ||session on the 30th ofMarch 2024 designed to ignite| ||passion for the 2024 vision, mission and plan| |**BOLIM**|**Zimbabwe**| |i.|Financial Support to sister churches in| ||Zimbabwe was over – £7000.| |ii.|The churches have been resourced| ||with PA systems and outreaches were| ||done in Masvingo, a city in| ||southeastern Zimbabwe and the capital| ||of Masvingo Province, Harare| ||Eastview, St Marys, Gweru, Bulawayo| ||and Shurugwi.| |iii.|2023-2024 year was full of activities| ||for the BOLIM Zimbabwe as the church| ||continues to attain greater stability. The| ||planted branches in Chitungwiza and| ||Eastview experienced mixed fortunes.| ||The Chitungwiza church saw modest| ||growth, they have been promised a| ||secure meeting venue at a school in St| ||Marys. This is expected to result in| ||increased attendances.| |iv.|Unfortunately one of the leaders| ||suddenly lost a 3-year-old son due to| ||an electrical fault during that time. The| ||church supported them during this| ||difficult time.| |v.|In the Eastview branch in Harare, not| ||much progress occurred due to| ||problems with venues. The Shurugwi| ||branch is currently reassessing its| ||option as meeting has met with| ||setbacks.| |vi.|The August 2023 annual Conferences| ||were cancelled due to a suspected| ||nationwide unknown viral outbreak.| ||Only Outreaches and localised| ||gatherings were possible. Once again| ||Senior Pastor Tapiwamunashe Nduna,| ||UK based, managed to go and support| ||the churches. The focus of the trip was| |to train leaders and find ways of| |---| |meaningful engagement with the| |communities.| |vii.
Plans for setting up assemblies in| |Bulawayo and Gweru were set back as| |a result of the prevailing restrictions on| |gatherings as a result of the viral| |outbreak though members attend home| |cell groups. Our prayers for peaceful| |elections across Zimbabwe were| |answered.| |viii.
Outstanding Actions agreed upon| |include:| |(a) Set up governing document aligned the| |Zimbabwean constitution.| |(b) Appoint a secretary.| |(c) Organise their calendar that aligns to UK.| |(d) Consider their own chair of Trustees who| |would convene and chair meetings.| |(e) Take over operational oversight of the| |Zimbabwean church.| |(f) Feedback ongoing| ## **Additional information (optional)** You may choose to include further statements where relevant about: |Achievements against
objectives set|Para 1.41|2023-2024 saw an increase in attendance to Sunday
services and church membership
Monday Tea and cake services now fully established
Participation of the youth in services and activities
arranged for Basildon churches| |---|---|---| |Performance of fundraising
activities against objectives
set|Para 1.41|All the charity’s activities were funded from members
tithes, offerings, and gift aided donations.
A new drive will be launched in the next financial
year to raise funds for the extension of the building to
cater for the increasing membership numbers.| |Investment performance
against objectives|Para 1.41|No charity funds were put into investments. Interest
rates from savings were miniscule due to poor bank
rates.
The Trustees are looking at the option of engaging a
financial advisor to help with safer investment
options for the charity.| |Other
**Leadership and strategic**
**reviews of the church.**||i)Leadership training for all leaders and workers
ii) Review of Trustees| ## **Financial Review** |Review of the charity’s
financial position at the end
of the period|Para 1.21|Financial review of the church.
(i)
Church remains in healthy financial
state with a balance of more than £40000.
(ii)
Audited financial reports are part of
the annex to this report.| |---|---|---| |||| |---|---|---| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|Reserves - The charity’s policy on reserves
is to maintain reserves equivalent to a
minimum of 3 months its operational
budget. Currently the charity’s reserves
exceed that required minimum.| |Amount of reserves held|Para 1.22|£40,000.00| |Reasons for holding zero
reserves|Para 1.22|Not applicable| |Details of fund materially in
deficit|Para 1.24|No funds in deficit| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|None| ## **Additional information (optional)** You may choose to include further statements where relevant about: |The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|Generous Members’ donations, offerings
tithes, and gift aided donation claims| |---|---|---| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|BOLIM Trustees have considered
investment of funds in their meetings but
have so far not invested any funds as least
risk options are considered. Investment
advisor option is to be considered in the
next meetings.| |A description of the principal
risks facing the charity|Para 1.46|There no principal risks facing the charity| |Other||| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|Charity is governed by a Trust deed| |How is the charity
constituted?
(e.g. unincorporated
association, CIO)|Para 1.25|Trust| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|Trustees are appointed/elected by serving
trustees from a range of carefully selected
candidates deemed to possess the best
skills set necessary to advance the
charity’s objectives in line with Charity
guidelines| ## **Additional information (optional)** You may choose to include further statements where relevant about: |Policies and procedures
adopted for the induction
and training of trustees|Para 1.51|Trustees have access to training and have
received information about the roles and
responsibilities of Trustees. Trustees are to
reflect diversity and inclusiveness of
stakeholders.| |---|---|---| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|For organisational structure, please see
paragraph…… below. BOLIM maintains a
good relationship with various Christian
umbrella bodies like Churches in
Communities (CIC), a member body of the
free churches group, Churches Together in
Basildon (CTB). BOLIM continues to work
together with other like focused
organisations to support the community in
Basildon.| |Relationship with any
related parties|Para 1.51|BOLIM works with other churches in
Basildon to support the community through
food banks, charity and sports events
aimed at inviting the community. Currently
looking at using the church hall as a
nursery to serve the community and
support with childcare. Have shared the
church building with other organisations to
support youth ministry and a place of
prayer and worship for different groups.| |Other||| ## **Reference and Administrative details** |Charity name|BREAD OF LIFE INTERNATIONAL MINISTRIES| |---|---| |Other name the charity uses|BREAD OF LIFE CHURCHES INTERNATIONAL| |Registered charity number|1123248| Charity’s principal address The Miracle Centre Rushley Basildon, Essex SS13 1SL ## **Names of the charity trustees who manage the charity** |1
2
3
4
5
6
7|**Trustee name**|**Office (if any)**|**Dates acted if not for**
**whole year**|**Name of person (or body)**
**entitled to appoint trustee (if**
**any)**| |---|---|---|---|---| ||Mrs Dennisha Abiona|Chairperson||Board of Trustees| ||Pastor
Tapiwamunashe
Nduna|Senior Pastor BOLIM||Board of Trustees| ||Mrs Siphathisiwe
Nyathi|Secretary of the Board of
Trustees||Board of Trustees| ||Pastor Kudzai Nduna|Pastor||Board of Trustees| |||||| |||||| |||||| ## – Corporate trustees names of the directors at the date the report was approved **Director name None** Name of trustees holding title to property belonging to the charity |**Trustee name**|**Dates acted if not for whole year **|| |---|---|---| |**None**||| |||| ## **Funds held as custodian trustees on behalf of others** |Description of the assets
held in this capacity|None| |---|---| |Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects|None| |Details of arrangements for
safe custody and
segregation of such assets
from the charity’s own
assets|None| ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** |**Type of**|**Name**|**Address**| |---|---|---| |**adviser**||| |**Legal**|Miss Rebecca Abiona 22 Cromer Road, Southend On Sea, Essex, SS1 2DU|Miss Rebecca Abiona 22 Cromer Road, Southend On Sea, Essex, SS1 2DU| |||| |**Auditors**|FN Accounting|No 7 Shieling House, 30 Invincible Road, Farnborough,| ||Services Limited|Hampshire GU14 7QU| **Name of chief executive or names of senior staff members (Optional information)** Not Applicable ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details **Not Applicable** ~~Oo~~ **Other optional information** ~~Oo~~ ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s) Siphathisiwe Patricia Nyathi Full name(s) Dennisha Abiona Position (eg Secretary,** Chair of the board of Trustees Secretary of the Board of Trustees **Chair, etc) Date** 30-01-2025 ~~|~~ BREAD OF LIFÈ INTERNATIONAL MINISTRIES FINANCIAL STATEMENTS For the year ended 31 March 2024 CONTENTS Page Receipts and Payments Balance sheet Notes to Recelpts and Payments Treasurerfs ststement Independent examinefs ￿port BREAD OFUFE INTERNAlloNAL. MJNWR￿S FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 2 Incomlng resources Voluntary Receipts Weekly Tithès and offerings Special offerings and Contribulions Incom& tax rofunds undw Gift Aid 45,378.78 10.112.60 9.204.66 . 26.59 45,378.78 10.112.60 9.204.66 2659 0.00 1.299.00 44,754.91 5,378.00 12,746.32 Rent receiveable Other Income 50.00 0.00 1.299.00 Total Incoming resources 66.021.63 62,938.06 3 Ministlrial Costs Pastols Stlpend. Pension allowanc88 Payroll (.19.200.00) {-1.687.56) (4,200.LKJ) -204.00 -25 291.56 (-19,2LK).00) (_1,687.56) (4.200.00) {.19.200.00) (.1.614.75) (4.200.001 -180.00 -25 194.75 4 Church costs.. Insurance AccomodÉtion & Subsistenc8 8u6 8xpan888 0.00 -25,291 56 (440.03) (-380.10) (-640.03) (-380.10) (-598.39) (42.99) 0.00 É-lj | | I., I Fu81 Milaage Travel Building Improvements Maintenance Utilitl88 Conferenc8s, Anniversary & rntreats Teas and Kitchen 8upplie8 Tèa and Caké Subscription and Fees CIC and CCPAS a.00 (-205.00) (40.00) {-148.27) (_1,002.40) (-1,789.20) {-2,599.12) (-509.72) {-205.00) (40.00) (_146.27) (-1,002.40) (.1,789.20) (-2,599.12) (-509.721 (.300.00) (_1,480.00) (-1,293.46) (_1,065.60) (.3,061.68) (.249.331 (.1',149.88) {-630.00) o.oo {_1.149.88) (430.00) (-1,197.011 1-580.00) -9 091.72 5 Teaching costs: Pulpit supply Children & youth activities Adult programmes -9 091.72 -9 888.46 (-335.50) (.1,335.33) -7,055.52 -8.726.35 {_335.50) (_1,335.33) -7.055.52 4,726 35 (-878.87) 4,198.06 1-5,076.93 & Qommut*ioation*'. Printing, postage and stationery Media Tech Supplies Genèral expenses Intem81 {_233.63) (-300.00) (-269.00) (.1,447.56) -801.40 -3,051.59 (-233.63) {-300.00) {_269.CKI) (_1,447.56) -801.40 1-3,051 59 (411.07) (-525.99) 1-613.79) -748.80 (_2,499.65) 46,161.22 0.00 46,161.22 42,659.79 7 Grants PAyabiè knd restri¢t6d doMtion& Other Tithe Fund pa￿￿nIS Love offerings benevolence Visitors Subsistence Charity and miss (_1,940.IXI) (_2,651.16) {-552.87} {_1,940.00) (_2.651.16) (_552.871 (-1,840.00) (_1,930.00) (_1,086.67) (_195.00) -3,037.32 -8.088.99) -7,848,26 -12.992.291 -7,848.26 1_12,992.29) a Govèmahc8 eOSts Costs of Trustees meetings Financial Accounting Independent Examiner (-91.19) 400.00 400.00 400.00 {400.001 400.00 (491.19) Transfer Inio current aw)unt Transfer out of Investn￿ account 27246.70 -27.246.70 27.246.70 -27.246.70 23.999.49 -23.999.49 0.00 Cash funds last year ènd 5.272.50 Cash funds last year end Investment acc¢)un 40.350.51 46.623.01 46.925.12 5,272.50 40,350.51 46,623.fj1 46,925.12 4.224.25 33,400.00 87,624.26 45.623.01 Cash funds this year end Closing tsalance Current Account Investrn8nt Account a11Q￿)24 3,474.61 43 450.51 46.925.12 3.474.61 43,450.51 46,925.12 5,272.50 40,350.51 45,623.01 ## `BREAD` BREAD OF `OF` LIFE `LUFE` INTE `INTERNATIONAL` RNATIONAL `MINISTRIES` MINISTRIES > `FINANCIAL` FINANCIAL `STATEMENTS` STATEMENTS `FOR` FOR THE `THE YEAR` YEAR `ENDED` ENDED `31` 31 `MARCH` MARCH `2024` 2024 ## `STATEMENT` STATEMENT OF `OF ASSETS` ASSETS `AND` AND LIABILITIES `ABILITIES` ||||Unrestricted
Designated
Restricted
Unrestricted
Designated Restricted|TOTAL
TOTAL|TOTAL
TOTAL| |---|---|---|---|---|---| ||||Funds
Funds
Funds
Funds
Funds
Funds|EY2324
—-FY2324|EY2223
FY2223| |FIXED ASSETS
FIXED ASSETS||Note
Note|f
f
f|£|£| |Tangible
assets
Investments
Tangible assets
Investments||12
15
12
15|181,122
43,451
224,573
181,122
0
O
17S)
A
RE
*
RCE
224,573
0
D0
———————————_——|181,122
43,451
224,573
181,122
43,451
204,573|188,861
40,351
229,211
188,861
40,351
229,211
(__-!!_,_-| |CURRENT ASSETS
CURRENT ASSETS|||||| |Debtors-
Gift
Aid
Bank andcash
balances
Debtors -GiftAid
Bankandcash balances|||13,873
3,475
0
13,873
0
0
3,475
0
0|13,873
3,475
13,873
3,475|12,546
5,273
12,546
5,273| ||||17,347
17,347
17,818
17,347
0
0
17,347
17,218
Te||| |CURRENT
LIABILITIES
CURRENT LIABILITIES|||||| |Creditors
payable
within one year
Creditorspayablewithinoneyear||13
13|(250)
(250)
0
0)|(250)
(250)|(400)
(400)| |NET CURRENT ASSETS
TOTAL NET ASSETS
NETCURRENTASSETS
TOTALNET ASSETS|||17,097
241,670
17,097
241,670
17418
246,629
17,097
ie)
0
17,097
17,418
08717 18
—ee eee
241,670
0
ie)
241,670
246,629
—$—_———————
es eV”_—_=—||| |Financed
by:
Financed by:-|||||| |THE FUNDS OF THE CHARITY
THE FUNDS OFTHE CHARITY|||||| |Accummulated Funds
Building Fund
Accummulated Funds
BuildingFund|||68,744
172,927
68,744.
0
0
72,927,
ie)
0|68,744
172,927
68,744
172,927|66,497
180,132
66,497
180,132| |TOTAL LIABILITIES +EQUITY
TOTAL LIABILITIES +EQUITY|:|=|241,671
241,671
246,629
SS
ee
241,671
0
0
241,671
246,629
SS
ee||| APPROVED `APPROVED` by `by the` the Church `ChurchMeeting` Meeting held `held` on `on 16th` 16th January `January` 2025 `2025` and `and` signed `signed` on `on its` its behalf `behalf` by: `by:` **----- Start of picture text -----**
16th January 2025
EAL EERESTO Cee Eee REP 7SR BCT Treasurer
pow |
setseeesesenesessasssnessssesseaeseseetsseettteritsesscsesesesseeneeseeeee Chairman Chairman
**----- End of picture text -----**
> 3 `3` BREAD OF LIFE INTERNATIONAL IAINISTRIES Notes to tt8 Statement of Financial Activiti85 For th? Year ended 31 March 2024 NOTES la Basis of Prèparation The fin3ncial ststements have.been prepared in a¢¢ordan(* willrthe Accountin9 Re9ulalx>ns s8t out under th Charities Act 1993. and with the CharFties Statement of Recommended Practice 2005. 1b Fund Accounting Unrestricted funds are available for use at the discretlon of the church In furtherdnce of ts charitable objectives. Restricted funds are Subjected to restrTCtions on Iheir expendi￿re imrx>s8d by the donor. or o)ntsined in the temis of the grant. Endovrnent funds are funds the •1 of whlch must be malntalned: normally onty Income arising from investrnent of the endowment may be used, erther as r8stricW or unrestricted funds deperKllng on the purpose and terms on which th8 end(h￿neTht was established. 1c Plxed Assets Freehold property: A church bullding and a minibus VRS donated to Bread of Life Intemational ministri88. The fixed assets recognised by the Church Indude. The thurch buildlng. Musical Instrum8nts. Furnhure and Fittings and Computer 8quipment and projectors. Deprnaation on fixed assets is calculatèd to write off trie ¢xst on a straight-lin8 basis over their expected useful liv88 at the followiry rates: Church Building Musical instruments 25%. Furniture and fittings 10%. eomput8r equipment 33%. Motor Vehicles 25%. Building Improvements 13.33%. 1d Incoming ResOU￿a5 All voluntary g.fvlng Is Included in the financlal statements for the perlod In whlch It18 recelved. Donations under Gfft Aid plus the associated kn recovery a￿ r8cognised as income when th8 donation is recelv8d. Legacies ar8 accounted for when their receipt Is certain and can be properly quantif￿1. All other In￿Me is g8neralty recognlsed when it is receivabl8. 1 e R8sources Expended The Bread of Llfe Intematlonal Mlssion Fund o)ntribution is paKI regularty and is It￿luded In the finandal $tst8ments for the year to which it relates. Resources exp8nded are recognised in the period to which they are incurred. They are allocated to the particular activty to which they relate. Govemance c¥Jsts represent direct expenditure on the qovemance of the thurch, IndudlrKJ the F￿dUCIl0n arKI Indep￿nt Suullny of these finandal statements. As most of the managarnent and activty of Ilietthtinwl PèTtr￿￿￿ 314+S&th 2023 12 TANGIBLE FIxEDA￿r5 Mini MI￿*Cal F&F Motor B4JildirYd Totsl 0.25 o.io 25 Net bookvalue @ 3110312010 8 181 411.14 o.( OLL) OLO 3,558.82 Addf(lom FYIOII Total DepTeci3tK I￿value Q 3110312011 993.28 a.993.28 11,248.(K>I 3,745.28 om 993.28 8,552.10 12,144.151 6.407.95 2,965.88 1741.471 2.224.41 181A) 411.14 1135ffj81 275A7 ofy) o.(KJ J62. oto Adth"tiOll5 FY1112 Totsl t)epreoa Net bookValu8 @ 31m312012 oxx) 3,745.28 11,248.iY)I 1497.28 16&48 2.392A9 1783.C•)I i.fOJ.89 OLV 162.** I19.C￿l 143 oo) 275A7 I￿6.(($) 139A7 QLQ o.co 0.¢￿) o.co 6,576.43 12,186.Wl 4,3￿.43 0.0) o.¥xJ om Addltknrfj FY1213 T¢ital Deweclat Net bookValuE @ 31103lwu 2,497.28 I1.248.￿) 1.249.28 2.254.89 IW.721 L691.16 143.&s 11&381 129.42 139.47 146n21 93A4 O.(K) o. 0.0) om orn 5,055,43 11.872.131 3,163.31 ox Addltlons FY1314 o. 129. OAI o) OL OA OL om o. 1,249.28 1.249.ty) om 3,163.31 1,716.44 1,446.87 1.691.16 421?5 1.26&41 93.44 Depredatlon Net bookV•lue @ 3Vo¥2014 o. IISA2 62.7S ¢x) Addlfjons FY1415 OL a28 0.071 0.21 126&41 1317.101 95131 3.(m.( 4,446.87 11,099.421 3,347.44 IJS.42 111.541 103.88 62.?5 120.711 42.04 D¢precktloA Net bookvalue @ 311031201S 3Ats).L 17Y)I￿} 2,25).C o. Addituts FY1516 Total Dpprfclatlc t4et btsok Value Q 3110¥2016 L577J)) 2.52&31 632.C 1,8%.23 2￿.¢1￿9 2.251￿ 250.(m. 5625) 1.687.50 o. 0.0) o.(N) om 0.21 251,577. 254,924.44 11,218.84 243,705.60 103.88 iioJ 93.49 42.04 021 2&17 210,[￿j.c¢j Addhlon5 FY1617 Total Oepreclatk Net bookvalue @ 31103/￿17 om 1.896.23 474.1 1,422.17 133*19 136336 9.91 1,583AS OLO 0.21 1335.19 216,￿0.79 11,685.19 234,355. 1.687. 421.88 1,265.63 o. o.(A) OTh) 9.35 84.14 i0,￿xI.￿) 230,(m.￿) OLO Addjtlons FY1718 Totèl Depredatton Net boDkValue @ 3JI0312018 om om o.co 84.14 1&41 OLO 1.265.63 1316AII 110.(n).(Dl 949.22 220,iXX).i rJK 1350L J.350.Q) 1175.501 l.J74.50 1.350.C 235,705.39 111.378.401 224,326.99 .L422.lY 13SS.541 I,￿.6) L583.45 1522.$41 I,CflJ.9l Addlfjons FY1819 -o.( 919.76 0,919.76 18.836.791 212.082.97 I￿2.65 n5.661 2.176.97 3,820.76 228,147.75 10,448.56 217,699.19 Depreclatlon Net bookvalue e 3110312019 I,cwi I3￿.]0) 710.81 949.22 12373) 711.91 1239.50 1291.141 1.948.37 1757) 68.15 Addltim FY19X* Total Depreciatlon Net book Value @ 3110¥2tr20 61ayJ 1.329. 143&831 89197 2,926.97 1731.74 2.19523 1,837.99 219.537.18 110.138.881 209,398.30 $37.15 (53.7ZI 483.44 71L91 212.(*2SY 1&483.321 533S4 X13.599.65 1,948.37 253.291 I6￿£ (o Addltlons FY2021 rotsl Depreciati Net book Value @ 3W312021 om O.(K) O.IK) om on) 533.94 J)3.599.65 1133.481 8,143.991 4(Q.45 195,455.66 2,195.23 154&811 1,646A2 1,695.( 1220.361 1,474.72 339,398.30 9.389.￿} 2(X).(NJ9.30 I￿31) 435.10 12M02 596.95 ditions FY2122 Total Deprec]a￿on Net bwkvalue 0 3V¢)312022 329.co .10 76.41 687.69 1,62&25 2,223.Xl n3.661 1.48954 om 0.￿) 1).45 195.455A6 110).ii 7.81&231 187,637A4 6A(YJKKI 7.874.72 1.023.71 6,851.C(J 8.355.25 208,364.55 10.163.72 198,XX).82 1.646A? 411.61 1,234.82 OL oxx) AdditionsFY2223 OA) om om )XsJ¢ 187,637A4 I75.¢￿) 17.505S)I 22S.25 ,Di.94 0.0) 6￿1.{X) .631 5.W.37 o.(KJ 198,M.83 19340.231 188,8fA).59 667.69 Depre¢￿atIon 14etbookValue @ 3V03lX)23 1.4W.54 1491.551 97.99 926.11 61&92 Additions FY2224 atal Depreciation Net bwkvalue @ 3V0312024 81L 1,429.92 142.991 69￿58 L286S3 o. 225.25 156.31 16&94 om 5,gfA)37 774.851 5.185.53 (x) o.(x) L095.73 189,956.32 18.834.26 IBI,122.06 926.11 J.282.72 423.X) 859.42 7,205.281 172.926.66 13 CURRENT LIABILMES Creditors payable within one year: Independent examiner Book keeptng FY2324 FY2223 o. CL o. 400.00 14 DEBTORS Represents amounts payble by Hmftt in fespect 016ift FY2324 FY2223 la.a72.ÈS 13.872.85 O.t#J o. 13,&?2.85 13,872.85 12,545.73 12,545.73 15 INVESTMENTS Natwest Savings Account 43.450.51 43.450.51 o.c 43,450.51 43,450.51 40,350.51 40,350.51 o.(x) BREAD OF LIFE INTERNATIONAL MINISTRIES FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 TREASURER'S STATEMENT I have prepared the financial statements on pages I to 7 for the year ended 31 March 2024 ..Treasurer INDEPENDENT EXAMINER'S REPORT I report on the financial statements of BREAD OF LIFE INTERNATIONAL MINISTrIES for the year ended 31 March 2024, which are setout on pages I to 6. Respective responsibilrties The church is responsible for the preparation of the financial statements, and considers that the audit requirement of Section 4312) of the Charities Att 1993 Ithe Act) does not apply. It is my responsibility to state, on the basis of procedures specrfied in the General Directions given by the Charity Commissioners under Section 43{7llb} of the Art, whether particular matters have come to my attention. Bas￿ of Independent Examiner's report My examination was carried out in accordance wth 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 concernin8 any such matters. The pro￿UreS undertaken do not provide all the evidence that would be requlred in an audit, and consequently I do not express an audit opinion on the view wven 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. l am not aware of any matter to which attention should be drawn in order to enable a proper urKlerS￿dIng of the financial statements to be reached. Signed by the Independeryt Examiner-. date: 16th January. 2024 ohn'seager 27 Danbjjry Down Basildon Essex SS14 2SP