## **Trustees’ Annual Report for the period** **From** 1[st] April 2024 **Period start date to** 31[st] March 2025 **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, Kings Lynn
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
-Family fun days in a community setting inviting members of the
community
-Fitness day-promoting fitness and well-being within the
community
- 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
-Annual Christmas jumper day and donating proceeds to Save
the Child Charity
Regular all or half night prayer sessions
Community support for the vulnerable in the community
Support with food distribution to those experiencing economic
hardship| |||.| |---|---|---| |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
£8151.66| |Policy on social investment
including program related
investment|Para 1.38|None| |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 or looking at a more suitable
accommodation for the church
(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
viii) Consider investment of charity funds
ix) Succession planning and training of young people
into various departments
x)Set up a building fund
xi) Purchase new seating chairs for the Miracle
Centre
xiii) Change the Church banner in front of the Miracle
Centre
xi)Install gates around the Miracle Centre as a safety
measure for children to prevent them wandering into
the main road| ## **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
2024-2025.|Para 1.20|i)
ii)
iii)
iv)
The theme for the beginning of 2024 for BOLIM was ‘Fruitfulness in
the Marketplace’ and this changed to "Is anything too difficult for
the Lord?" prior to the September 2024 Annual anniversary.
Leadership meetings were held monthly and Workers’ meeting held
quarterly
Ladies Retreat was held on the weekend of Friday 3rdMay to
Sunday 5thMay 2024 at Denham Grove Hotel with the theme
scripture from Hebrews 12v2
Men’s retreat was held on 7-9th June 2024. And was very well
attended with the net cast even further with attendees from outside
the ministry. Positive feedback received from attendees. Planning
to use the same venue next year with attendees promising to invite
even more guests
v)
Due to complications with booking, the congregation did not meet in
October 2024 but resumed in November 2024. Kings Lynn
assembly finally had a successful launch on the 16thof March 2025.
vi)
Pastor Hugh Osgood visited BOLIM Basildon, on Sunday 28thMay
2024 and articulated the annual theme very well. Leadership team
were able to enjoy lunch with Dr Osgood after the church service.
This gave the leaders time to meet with Dr Osgood and have some
1-1 discussions with him
vii)
Fathers’ Day was marked om Sunday 16thJune 2024 with the
Ladies leading the service and treating the fathers to a lovely lunch
after service and lovely Father’s Day gifts
viii)
The annual children’s trip was to Call of the Wild and held on
Sunday 7thJuly 2024. All the children really enjoyed the trip,
received a lesson at the venue and were happy. 3 Children from
Sunday school transitioned at the end of the academic year to join
the Youth team
ix)
Fitness Day was held on Sunday 7thJuly 2024 and was a great
success. All felt that it would have been useful to put the BOLIM
banner at the front to encourage the community to attend church
services
x)
The church also celebrated the Senior Pastor’s 60thbirthday on 14th
July 2024 with a Thanksgiving service followed by a barbecue after
the service. This was a really great success
xi)
Family fun day was held on 3rdAugust 2024 at Wat Tyler Park
Pitsea from 1pm to 5pm
xii)
Youth ministry took part in a Youth week led by Churches Together
Basildon from 12thto 18thAugust 2024.
xiii)
21days Prayer and Fasting was held from …. And this time leaders
were encouraged to take it in turn to lead every evening prayer
session at the breaking of the fast
xiv)
The BOLIM Annual conference and anniversary celebrations were
held from 20thSeptember 2024 to 22ndSeptember 2024. The
church was blessed to have Pastor Alan Murphy, Bishop Noel
McLean, Dr Dipo Oluyomi and Senior Tapi Nduna ministering over
the weekend.
xv)
Youth Sunday was held on Sunday 20thOctober 2024 and the
service was fully led by the youth
xvi)
Night vigil was held on 31stJanuary 2025. This was a huge success
but attendance low. Plan to encourage congregation to attend night
prayers
xvii)
Ladies breakfast meeting was held on November 16thNovember
2024 with the theme-Girl! Get Up based on Mark 5v41 with guest
speaker Pastor Esther Nnandi
xviii)
Safeguarding Sunday was observed on Sunday 17thNovember
2024 under the theme: Safeguarding: Let’s talk about it, with the
Safeguarding Lead leading an interactive session about
Safeguarding and the importance of complying with the
Safeguarding policy within the church
xix)
Baptism service was held jointly with Swanmead Church on
Sunday17thNovember 2024.| |---|---|---| |||xx)
Children’s Christmas party was held on Sunday 8thDecember 2024
xxi)
Christmas Carol Service was held on Sunday 15thDecember 2024
xxii)
Christmas Day service was held at the Miracle Centre from 10am to
11am
xxiii)
Watchnight service was held on 31stDecember from 9pm to
0030hrs
xxiv)
January New Year 7 Day prayer and fasting was held from January
2ndto January 8thwith prayers every evening from 6pm till 7pm
xxv)
The congregation enjoyed a family meal on Sunday 26thJanuary
2025 with an Afro-Caribbean themed meal.
xxvi)
Visit from Pastor Alan Murphy on Sunday 16thFebruary 2025.
Congregation agreed that he brought a timely word and very
encouraging word
xxvii)
Valentines’ dinner was held on 1stMarch 2025. Couples enjoyed a
lovely dinner at Buzz Restaurant and some teaching, dance
h=games and encouragement. The couples had also attended an
online session via Zoom the night before led by guest speakers
Pastors William and Agnes Sunu on the theme: Live in Love based
on 1John 4v16
xxviii)
The launch of the Kings Lynn branch of BOLIM was held on March
16th, 2025, with the Basildon branch closed for the day and all
members supporting the launch
xxix)
On Sunday 23rdMarch 2025, BOLIM held a special Sunday service
church planting commissioning service programme with the theme -
Fruitful Witnesses: Expanding God’s kingdom| |---|---|---| |Objectives, activities, and
achievements BOLIM
Zimbabwe church 2024-
2025.||i)
3 Assembles that are functional across Zimbabwe in Masvingo,
Chitungwiza and Eastview Harare
ii)
Open air crusades held from April to July 2024 supported
financially from mother branch in the United Kingdom
iii)
Increase seen increasing steadily with fully functional Sunday
school services for children
iv)
Increased attendance to August conference| ## **Additional information (optional)** |**Additional information (optional)**|**Additional information (optional)**|**Additional information (optional)**| |---|---|---| |You may choose to include further statements where relevant about:||| |Achievements against objectives
set|Para 1.41|2024-2025 saw not only numerical increase in
attendance to Sunday services and church
membership but very tangible spiritual growth within
the congregation. Increase noted in attendance to
Morning devotions held every Monday to Friday
morning
Launch of BOLIM Kings Lynn branch
Support of the vulnerable within the community
Increased attendance to Ladies and Men’s retreat
Very active participation of the youth in services and
activities arrangedfor Basildonchurches| |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.
Christmas jumper day where all members donated
£5 each for wearing a Christmas jumper to church.
Donation made to Save the Child charity| |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 and additions to Trustees
board| ## **Financial Review** |**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 thatrequiredminimum.| |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
‘Reference and Administrative details’ 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** |Charityname|BREADOF 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|**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 None this capacity Name and objects of the charity on None whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe None custody and segregation of such assets from the charity’s own assets ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** |**Type of**
**adviser**|**Name**|**Address**| |---|---|---| |**Legal**|Miss Rebecca Abiona|22 Cromer Road, Southend On Sea, Essex, SS1 2DU| |||| |**Auditors**|FN Accounting
Services Limited|No 7 Shieling House, 30 Invincible Road, Farnborough,
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** ## **Other optional information** **None** ## **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** ~~a~~ **Position (eg Secretary,** Chair of the board of Trustees Secretary of the Board of Trustees **Chair, etc)** ~~ee~~ **Date** 27-01-2026 ~~Pp~~ ## BREAD OF LIFE INTERNATIONAL MINISTRIES ## FINANCIAL STATEMENTS For the year ended 31 March 2025 ## CONTENTS ||Page| |---|---| |Receipts and Payments|2| |Balance sheet|3| |Notes to Receipts and Payments|4 - 7| |Treasurer's statement|8| |Independent examiner's report|8| BREAD OF LIFE INTERNATIONAL MINISTRIES FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 |BREAD OF LIFE INTERNATIONAL MINISTRIES
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025||||||| |---|---|---|---|---|---|---| |Receipts and Payments Analysis
2
Incoming resources
Voluntary Receipts
Weekly Tithes and offerings Special offerings and
Contributions Income tax refunds under Gift Aid
Interest on Investment account Rent receiveable
Other Income
Total Incoming resourcesResources
expended
3
Ministirial Costs
Pastor's Stipend
Pension
allowances
Payroll
4
Church costs:
Insurance
Accomodation & Subsistence
Bus expenses
Fuel
Mileage
Travel
Building Improvements Maintenance
Utilities
Conferences, Anniversary & retreats Teas and
Kitchen supplies
Tea and Cake
Subscription and Fees
CIC
5
Teaching costs:
Pulpit supply
Children & youth activities Adult
programmes
6
Communications:
Printing, postage and stationery Media
Tech Supplies
General expenses
Internet
7
Grants payable and restricted donations
Other Tithe Fund payments Love
offerings benevolence
Visitors Subsistence Charity and mission
8
Governance costs
Costs of Trustees meetings Financial
Accounting Independent Examiner
9
Acquisition of Assets
Acquisition of Assets
10
Finance charges and Other Fees
Bank Charges HMRC Tax
payments
Total resources expended
Net of receipts/(payments)
a
Transfer into current account
Transfer out of Investment account
Cash funds last year end
Cash funds last year end Investment account
b
Cash funds this year end
a+b
Closing balance @31/03/2025
Current Account
Investment Account|Unrestricted
Funds
£
45,950.86
16,513.14
14,442.32
16.88
0.00
50.00
76,973.20
£
(-20,484.32)
(-1,625.79)
(-4,200.00)
(-204.00)
(-26,514.11)
(-715.39)
(-274.13)
0.00
(-191.97)
(-110.00)
0.00
0.00
(-156.00)
(-2,744.00)
(-3,406.40)
(-842.70)
0.00
(-853.21)
(-530.00)
(-9,823.80)
0.00
(-1,978.48)
(-15,350.95)
(-17,329.43)
(-147.07)
0.00
0.00
(-1,719.59)
(-820.80)
(-2,687.46)
(-56,354.80)
(-1,940.00)
(-2,760.00)
0.00
0.00
(-7,621.66)
(-12,321.66)
0.00
(-250.00)
0.00
(-250.00)
(-3,058.00)
(-3,058.00)
0.00
(-4,070.28)
(-4,070.28)
(-76,054.74)
918.46
43,444.86
(-43,444.86)
0.00
3,474.61
43,450.51
46,925.12
47,843.58
4,061.58
43,782.00
47,843.58||Restricted
Funds
£
0.00
0.00
0.00
0.00
0.00
£
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00|General
Funds
£
0.00
0.00
0.00
0.00
0.00
£
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00|TOTAL
FY2425
45,950.86
16,513.14
14,442.32
16.88
0.00
50.00
76,973.20
£
(-20,484.32)
(-1,625.79)
(-4,200.00)
(-204.00)
(-26,514.11)
(-715.39)
(-274.13)
0.00
(-191.97)
(-110.00)
0.00
0.00
(-156.00)
(-2,744.00)
(-3,406.40)
(-842.70)
0.00
(-853.21)
(-530.00)
(-9,823.80)
0.00
(-1,978.48)
(-15,350.95)
(-17,329.43)
(-147.07)
0.00
0.00
(-1,719.59)
(-820.80)
(-2,687.46)
(-56,354.80)
(-1,940.00)
(-2,760.00)
0.00
0.00
(-7,621.66)
(-12,321.66)
0.00
(-250.00)
0.00
(-250.00)
(-3,058.00)
(-3,058.00)
0.00
(-4,070.28)
(-4,070.28)
(-76,054.74)
918.46
43,444.86
(-43,444.86)
0.00
3,474.61
43,450.51
46,925.12
47,843.58
4,061.58
43,782.00
47,843.58|TOTAL
FY2324
£
45,378.78
10,112.60
9,204.66
26.59
0.00
1,299.00| |||||||66,021.63| |||||||£
(-19,200.00)
(-1,687.56)
(-4,200.00)
(-204.00)| |||||||(-25,291.56)| |||||||(-640.03)
(-380.10)
0.00
0.00
(-205.00)
(-40.00)
(-146.27)
(-1,002.40)
(-1,789.20)
(-2,599.12)
(-509.72)
0.00
(-1,149.88)
(-630.00)| |||||||(-9,091.72)| |||||||(-389.41)
(-1,335.33)
(-7,055.52)| |||||||(-8,780.26)| |||||||(-233.63)
(-300.00)
(-269.00)
(-1,393.65)
(-801.40)| |||||||(-2,997.68)| |||||||| |||||||(-46,161.22)| |||||||(-1,940.00)
(-2,651.16)
(-552.87)
0.00
(-7,848.26)| |||||||(-12,992.29)| |||||||0.00
0.00
(-400.00)| |||||||(-400.00)| |||||||(-1,095.73)| |||||||(-1,095.73)| |||||||0.00
(-4,070.28)| |||||||(-4,070.28)| |||||||(-64,719.52)| |||||||| |||||||1,302.11| |||||||27,246.70
(-27,246.70)| |||||||0.00| |||||||5,272.50
40,350.51| |||||||45,623.01| |||||||46,925.12| |||||||3,474.61
43,450.51| |||||||46,925.12| 2 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ## BREAD OF LIFE INTERNATIONAL MINISTRIES ## STATEMENT OF ASSETS AND LIABILITIES |||Unrestricted Designated|Unrestricted Designated|Restricted|TOTAL|TOTAL| |---|---|---|---|---|---|---| |||Funds|Funds|Funds|FY2425|FY2324| ||Note|£|£|£|£|£| |FIXED ASSETS||||||| |Tangible assets|12|175,528|0|0|175,528|181,122| |Investments|15|43,782|0|0|43,782|43,451| |||219,310|0|0|219,310|224,573| |CURRENT ASSETS||||||| |Debtors - Gift Aid||15,616|0|0|15,616|13,873| |Bank and cash balances||4,062|0|0|4,062|3,475| |||19,678|0|0|19,678|17,347| |CURRENT LIABILITIES||||||| |Creditors payable within one year|13|0|0|0|0|(250)| |NET CURRENT ASSETS||19,678|0|0|19,678|18,841| |||||||| |TOTAL NET ASSETS||238,988|0|0|238,988|243,413| |Financed by:-||||||| |THE FUNDS OF THE CHARITY||||||| |Accummulated Funds||72,978|0|0|72,978|68,744| |Building Fund||166,010|0|0|166,010|172,927| |TOTAL LIABILITIES + EQUITY||238,988|0|0|238,988|241,671| APPROVED by the Church Meeting held on 12th December 2025 and signed on its behalf by: **----- Start of picture text -----**
............................................................................... Treasurer
JO hf
............................................................................... Chairman
**----- End of picture text -----**
BREAD OF LIFE INTERNATIONAL MINISTRIES Notes to the Statement of Financial Activities For the Year ended 31 March 2025 NOTES - 1a Basis of Preparation The financial statements have been prepared in accordance with the Accounting Regulations set out under the Charities Act 2011, 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 to 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. - 1c Fixed Assets Freehold property: - A church building and a minibus was donated to Bread of Life International ministries. The fixed assets recognised by the Church include, The church building, 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 expected useful lives at the following rates: Church Building 04%. Musical instruments 25%. Furniture and fittings 10% . Computer equipment 33%. Motor Vehicles 25%. Building Improvements 13.33%. Investments :Quoted investments are stated at market values. All other investment assets are shown at cost. - 1d 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. - 1e 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. |2 Incoming resources
Voluntary Receipts
Weekly Tithes and offerings
Special offerings and donations
Income tax refunds under Gift Aid
Interest on Investment account
Rent receiveable
Other Income
Total Incoming resources|Unrestricted
Funds
£
45,950.86
16,513.14
14,442.32
16.88
0.00
50.00|Restricted
Funds
£
0.00
0.00
0.00
0.00
0.00
0.00
0.00|General
Funds
£
0.00
0.00
0.00
0.00
0.00
0.00|TOTAL
FY2425
£
45,950.86
16,513.14
14,442.32
26.59
0.00
50.00|TOTAL
FY2324
£
45,378.78
10,112.60
9,204.66
26.59
0.00
1,299.00| |---|---|---|---|---|---| ||76,973.20||0.00|76,982.91|66,021.63| 4 ## BREAD OF LIFE INTERNATIONAL MINISTRIES Notes to the Statement of Financial Activities-continued For the Year ended 31 March 2025 |or the Year ended 31 March 2025|||||| |---|---|---|---|---|---| |3 Ministirial Costs
Pastor's Stipend
Pension
allowances
Payroll
4 Church costs:
Insurance
Accomodation & Subsistence
Bus expenses
Fuel
Mileage
Travel
Building Improvements
Maintenance
Utilities
Conferences, Anniversary & retreats
Teas and Kitchen supplies
Tea and Cake
Subscription and Fees
CIC and CCPAS
5 Teaching costs:
Pulpit supply
Children & youth activities
Adult programmes
6 Communications:
Printing, postage and stationery
Media
Tech Supplies
General expenses
Internet
7 Grants payable and reatricted donations
Other Tithe Fund payments
Love offerings
benevolence
Visitors Subsistence
Charity and mission
8 Governance costs
Costs of Trustees meetings
Financial Accounting
Independent Examiner
9 Acquisition of Assets
Acquisition of Assets
10 Finance charges and Other Fees
Bank charges
HMRC Tax payments
Total resources expended|Unrestricted
Funds
£
(-20,484.32)
(-1,625.79)
(-4,200.00)
(-204.00)|Restricted
Funds
£
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00|General
Funds
£
0.00
0.00
0.00
0.00|TOTAL
FY2425
£
(-20,484.32)
(-1,625.79)
(-4,200.00)
(-204.00)|TOTAL
FY2324
£
(-19,200.00)
(-1,687.56)
(-4,200.00)
(-204.00)| ||(-26,514.11)||0.00|(-26,514.11)|(-25,291.56)| ||(-715.39)
(-274.13)
0.00
(-191.97)
(-110.00)
0.00
0.00
(-156.00)
(-2,744.00)
(-3,406.40)
(-842.70)
0.00
(-853.21)
(-530.00)
0.00||0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00|(-715.39)
(-274.13)
0.00
(-191.97)
(-110.00)
0.00
0.00
(-156.00)
(-2,744.00)
(-3,406.40)
(-842.70)
0.00
(-853.21)
(-530.00)
0.00|(-640.03)
(-540.10)
0.00
0.00
(-85.00)
0.00
(-146.27)
(-1,002.40)
(-1,789.20)
(-2,599.12)
(-509.72)
0.00
(-1,149.88)
(-630.00)
0.00| ||(-9,823.80)||0.00|(-9,823.80)|(-9,091.72)| ||0.00
(-1,978.48)
(-15,350.95)||0.00
0.00
0.00|0.00
(-1,978.48)
(-15,350.95)|(-389.41)
(-1,335.33)
(-7,055.52)| ||(-17,329.43)||0.00|(-17,329.43)|(-8,780.26)| ||(-147.07)
0.00
0.00
(-1,719.59)
(-820.80)||0.00
0.00
0.00
0.00|(-147.07)
0.00
0.00
(-1,719.59)
(-820.80)|(-233.63)
(-300.00)
(-269.00)
(-1,393.65)
(-801.40)| ||(-2,687.46)||0.00|(-2,687.46)|(-2,997.68)| ||(-56,354.80)
(-1,940.00)
(-2,760.00)
0.00
0.00
(-7,621.66)||0.00
0.00
0.00
0.00|(56,354.80)
(-1,940.00)
(-2,760.00)
0.00
0.00
(-7,621.66)|(46,161.22)
(-1,940.00)
(-2,651.16)
(-552.87)
0.00
(-7,848.26)| ||(-12,321.66)||0.00|(-12,321.66)|(-12,992.29)| ||0.00
(-250.00)
0.00||0.00
0.00|0.00
(-250.00)
0.00|0.00
0.00
(-400.00)| ||(-250.00)||0.00|0.00|(-400.00)| ||(-3,058.00)|||(-3,058.00)|(-1,095.73)| ||(-3,058.00)||0.00|(-3,058.00)|(-1,095.73)| ||0.00
(-4,070.28)||0.00
0.00|0.00
(-4,070.28)|0.00
(-4,070.28)| ||(-4,070.28)||0.00|(-4,070.28)|(-4,070.28)| ||(-76,054.74)||0.00|(-76,054.74)|(-64,719.52)| 5 |Net incoming resources
11 Movement of funds
Brought forward
Transfers out during the year
Transfers in during the year
Total funds carried forward|918.46
46,925.87
(-76,054.74)
76,973.20|0.00
0.00
0.00
0.00|0.00
0.00
0.00|918.46
46,925.87
(-76,054.74)
76,973.20
0.00|1,302.11
45,623.76
(-64,719.52)
66,021.63
0.00| |---|---|---|---|---|---| ||47,844.33||0.00|47,844.33|46,925.87| ## BREAD OF LIFE INTERNATIONAL MINISTRIES Notes to the Statement of Financial Activities-continued For the Year ended 31 March 2025 |12 TANGIBLE FIXED ASSETS
Net book Value @ 31/03/2010
Additiom FY1011
Total
Depreciation
Net book Value @ 31/03/2011
Additions FY1112
Total
Depreciation
Net book Value @ 31/03/2012
Additions FY1213
Total
Depreciation
Net book Value @ 31/03/2013
Additions FY1314
Total
Depreciation
Net book Value @ 31/03/2014
Additions FY1415
Total
Depreciation
Net book Value @ 31/03/2015
Additions FY1516
Total
Depreciation
Net book Value @ 31/03/2016
Additions FY1617
Total
Depreciation
Net book Value @ 31/03/2017
Additions FY1718
Total
Depreciation
Net book Value @ 31/03/2018
Additions FY1819
Total
Depreciation|Mini
Bus
0.25
£
4,993.28
4,993.28
(1,248.00)|Musical
Instrum.
0.25
£
2,965.88
0.00
2,965.88
(741.47)
2,224.41
168.48
2,392.89
(783.00)
1,609.89
645.00
2,254.89
(563.72)
1,691.16
0.00
1,691.16
(422.75)
1,268.41
0.00
1,268.41
(317.10)
951.31
1,577.00
2,528.31
(632.08)
1,896.23
0.00
1,896.23
(474.06)
1,422.17
0.00
1,422.17
(355.54)
1,066.63
1,836.00
2,902.63
(725.66)|F & F
Pulpit.
0.10
£|Comput.
Equipment
0.33
£|Motor
Vehicles
0.25
£|Church
Building
0.04
£|Building
Improvmnts
0.13
£|Total
FY2425
£| |---|---|---|---|---|---|---|---|---| ||||181.80|411.14|0.00|0.00|0.00|3,558.82| ||||0.00
181.80
(19.00)|0.00
411.14
(135.68)|0.00
0.00
0.00|0.00
0.00
0.00|0.00
0.00
0.00|4,993.28
8,552.10
(2,144.15)| ||3,745.28||162.80|275.47|0.00|0.00|0.00|6,407.95| ||0.00
3,745.28
(1,248.00)||0.00
162.80
(19.00)|0.00
275.47
(136.00)|0.00
0.00
0.00|0.00
0.00
0.00|0.00
0.00
0.00|168.48
6,576.43
(2,186.00)| ||2,497.28||143.80|139.47|0.00|0.00|0.00|4,390.43| ||0.00
2,497.28
(1,248.00)||0.00
143.80
(14.38)|0.00
139.47
(46.02)|0.00
0.00
0.00|0.00
0.00
0.00|0.00
0.00
0.00|645.00
5,035.43
(1,872.13)| ||1,249.28||129.42|93.44|0.00|0.00|0.00|3,163.31| ||0.00
1,249.28
(1,249.00)||0.00
129.42
(14.00)|0.00
93.44
(30.69)|0.00
0.00
0.00|0.00
0.00
0.00|0.00
0.00
0.00|0.00
3,163.31
(1,716.44)| ||0.28||115.42|62.75|0.00|0.00|0.00|1,446.87| ||0.00
0.28
(0.07)||0.00
115.42
(11.54)|0.00
62.75
(20.71)|3,000.00
3,000.00
(750.00)|0.00
0.00
0.00|0.00
0.00
0.00|3,000.00
4,446.87
(1,099.42)| ||0.21||103.88|42.04|2,250.00|0.00|0.00|3,347.44| ||0.00
0.21
0.00||0.00
103.88
(10.39)|0.00
42.04
(13.87)|0.00
2,250.00
(562.50)|250,000.00
250,000.00
(10,000.00)|0.00
0.00
0.00|251,577.00
254,924.44
(11,218.84)| ||0.21||93.49|28.17|1,687.50|240,000.00|0.00|243,705.60| ||0.00
0.21
0.00||0.00
93.49
(9.35)|2,335.19
2,363.36
(779.91)|0.00
1,687.50
(421.88)|0.00
240,000.00
(10,000.00)|0.00
0.00
0.00|2,335.19
246,040.79
(11,685.19)| ||0.00||84.14|1,583.45|1,265.63|230,000.00|0.00|234,355.60| ||0.00
0.00
0.00||0.00
84.14
(8.41)|0.00
1,583.45
(522.54)|0.00
1,265.63
(316.41)|0.00
230,000.00
(10,000.00)|1,350.00
1,350.00
(175.50)|1,350.00
235,705.39
(11,378.40)| ||0.00||75.73|1,060.91|949.22|220,000.00|1,174.50|224,326.99| ||0.00
0.00
0.00||0.00
75.73
(7.57)|0.00
1,060.91
(350.10)|0.00
949.22
(237.30)|919.76
220,919.76
(8,836.79)|1,065.00
2,239.50
(291.14)|3,820.76
228,147.75
(10,448.56)| |Net book Value @ 31/03/2019
Additions FY1920
Total
Depreciation
Net book Value @ 31/03/2020
Additions FY2021
Total
Depreciation
Net book Value @ 31/03/2021
Additions FY2122
Total
Depreciation
Net book Value @ 31/03/2022
Additions FY2223
Total
Depreciation
Net book Value @ 31/03/2023|0.00|2,176.97
750.00
2,926.97
(731.74)
2,195.23
0.00
2,195.23
(548.81)
1,646.42
0.00
1,646.42
(411.61)
1,234.82
0.00
1,234.82
(308.70)
926.11|68.15|710.81|711.91|212,082.97|1,948.37|217,699.19| |---|---|---|---|---|---|---|---|---| ||0.00
0.00
0.00||469.00
537.15
(53.72)|618.99
1,329.80
(438.83)|0.00
711.91
(177.98)|0.00
212,082.97
(8,483.32)|0.00
1,948.37
(253.29)|1,837.99
219,537.18
(10,138.88)| ||0.00||483.44|890.97|533.94|203,599.65|1,695.08|209,398.30| ||0.00
0.00
0.00||0.00
483.44
(48.34)|0.00
890.97
(294.02)|0.00
533.94
(133.48)|0.00
203,599.65
(8,143.99)|0.00
1,695.08
(220.36)|0.00
209,398.30
(9,389.00)| ||0.00||435.10|596.95|400.45|195,455.66|1,474.72|200,009.30| ||0.00
0.00
0.00||329.00
764.10
(76.41)|1,626.25
2,223.20
(733.66)|0.00
400.45
(100.11)|0.00
195,455.66
(7,818.23)|6,400.00
7,874.72
(1,023.71)|8,355.25
208,364.55
(10,163.72)| ||0.00||687.69|1,489.54|300.34|187,637.44|6,851.00|198,200.83| ||0.00
0.00
0.00||0.00
687.69
(68.77)|0.00
1,489.54
(491.55)|0.00
300.34
(75.08)|0.00
187,637.44
(7,505.50)|0.00
6,851.00
(890.63)|0.00
198,200.83
(9,340.23)| ||0.00||618.92|997.99|225.25|180,131.94|5,960.37|188,860.59| |Additions FY2324
Total
Depreciation
Net book Value @ 31/03/2024
Additions FY2425
Total
Depreciation
Net book Value @ 31/03/2025
13 CURRENT LIABILITIES
Creditors payable within one year:
Independent examiner
Book keeping
14 DEBTORS
Represents amounts payble by
HMRC in respect of Gift Aid
15 INVESTMENTS
Natwest Savings Account|0.00
0.00
0.00|6
0.00
926.11
(231.53)
694.58
0.00
694.58
(173.65)
520.94
£
0.00
0.00
0.00
0.00
0.00
0.00
0.00|811.00
1,429.92
(142.99)|284.73
1,282.72
(423.30)|0.00
225.25
(56.31)|0.00
180,131.94
(7,205.28)|0.00
5,960.37
(774.85)|1,095.73
189,956.32
(8,834.26)| |---|---|---|---|---|---|---|---|---| ||0.00||1,286.93|859.42|168.94|172,926.66|5,185.53|181,122.06| ||0.00
0.00
0.00||3,058.00
4,344.93
(434.49)|0.00
859.42
(283.61)|0.00
168.94
(168.94)|0.00
172,926.66
(6,917.07)|0.00
5,185.53
(674.12)|3,058.00
184,180.06
(8,651.87)| ||0.00||3,910.43|575.81|0.00|166,009.60|4,511.41|175,528.19| ||£||£
0.00
0.00|FY2425
£
0.00
0.00|FY2324
£
0.00
250.00|||| ||0.00|||||||| ||0.00|||||||| ||0.00||0.00|0.00|250.00|||| ||15,616.00||0.00|FY2425
£
15,616.00|FY2324
£
13,872.85|||| ||15,616.00||0.00|15,616.00|13,872.85|||| ||43,782.00||0.00|43,782.00|43,450.51|||| ||43,782.00||0.00|43,782.00|40,350.51|||| CHARITY COMMISSION I FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trustees Charity Name: Broad of Lrfe International Ministries On accounts for the year ended 31sI March 2025 Charity no (if any) 1123248 Set out on pages I report to the trustees on my examination of the accounts of the above charity ('Ihe Trusf) for the year ended 31103 12025. Responsibilities and basis of report As the charity's trustees, you are responsible for the preparation of the accounts in accordan￿ with the requirements of the Charities Act 2011 ("the Act"). I report in respect of my examination of the Trust's accounts 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 The charity's gross income does not exceed £250.000 and l am qualified to examiner's ststement undertake the examination by being a qualified member of.. kfl':_ Delete [ ] if not applicable. I have completed my examination. I confimi that no material matters have come to my attention in connection with the examination (other than that disclosed below ') which gives me cause to believe that in, any material respect: the accounting records were not kept in accordan￿ with section 130 of the Charities Act. or the accounts did not accord with the accounting records. or the accounts did not comply with the applicable requirements con￿mIng the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. 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 accounts to be reached. Please delete the words in the brackets if they do not apply. Signed: Date: 16-01-2026 Name: John Seager K. Relevant professional qualification(s) or body (if any): IER Oct 2018 **Address:** 27 Danbury Down Basildon, Essex **SS14 2SP** **Section B Disclosure** Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). **Give here brief details of any items that the examiner wishes to disclose** . 2 **Oct 2018** **IER**