2023-12-31-accounts - Alpha International Ministries

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ALPHA INTERNATIONAL MINISTRIES

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST] DECEMBER 2023

CHARITY NUMBER: 1126140

ALPHA INTERNATIONAL MINISTRIES

LEGAL & ADMINISTRATIVE DETAILS YEAR ENDED 31[ST] DECEMBER 2023

ADDRESS FOR CORRESPONDENCE

OASIS CENTRE ESSEX ROAD CHADWELL HEATH RM6 4JA

REGISTERED CHARITY NUMBER

1126140

GOVERNING DOCUMENT

DECLARATION OF TRUST 10[TH] JUNE 2008.

TRUSTEES/ DIRECTORS

Pastor Sam John, Sajit Abraham, Johnson Samuel Joseph Sebi Scaria, Thomas Kavil Thomas Tiny Joy, Sajan Varughese, Minimol Kurien

PRINCIPAL BANKERS

HSBC BANK 23 RIPPLE ROAD BARKING, ESSEX IG11 7NW

INDEPENDENT EXAMINERS

FRESH FIRE ORGANISATION GENERATOR BUSINESS CENTRE 95 MILES ROAD MITCHAM CR4 3FH

ALPHA INTERNATIONAL MINISTRIES OASIS CENTRE ESSEX ROAD CHADWELL HEATH RM6 4JA INDEX Page Index 1 Trustee’s Report 2-3 Independent Examiner’s Report 4 Statement of Financial Activities 5 Balance Sheet 6 Notes on the financial Statements 7 - 11

ALPHA INTERNATIONAL MINISTRIES

TRUSTEES’ REPORT YEAR ENDED 31[ST] DECEMBER 2023

The trustees are pleased to present their report for the year ended 31[ST] December 2023 for the charity, Alpha International Ministries with Charity Number 1126140.

The Trustees of the charity are: Pastor Sam John, Sajit Abraham, Johnson Samuel Joseph, Sebi Scaria, KT Thomas, Tiny Joy, Sajan Varughese, Minimol Kurien.

The principal address of the charity is : Oasis Centre Essex Road Chadwell Heath, RM6 4JA

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Charity governing document is a declaration of trust that was executed 10[TH] June 2008.The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.

OBJECTIVES AND ACTIVITIES

The Objects of the organisation are first to advance the Christian faith in accordance with the statement of beliefs for the benefit of the public in the United Kingdom and in such other parts of the world as the trustees may think fit from time to time . The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.

ACHIEVMENTS AND PERFORMANCE

The Organisation continues to hold successful meetings through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. The church continued to support charitable mission work in India this year among Punjab Kirpa Bhavan, Indian Pentecostal church of God, and other missionary organisations. The organisation also ran and sponsored its own church conference and vacation bible school during the year which was a good success as many were encouraged and built up through them. The church has also continues to manage its activities in its premises which is owned by its associate company.

FINANCIAL REVIEW

The income of the charity is above £319,000. This is a good amount for this year of the charity the costs have been well managed over this period. The organisation is still in a good position to manage its costs. The main cost of the organisation was paying for the rent of its building that it uses for worship services and doing renovation work on the property.

FUTURE DEVELOPMENTS

The church intends to continue to host its regular yearly conferences and vacation bible school in UK. They plan to continue to support the missionary work in India as well. The intended re-appointment of our present independent examiner at the upcoming trustee meeting is expected to support the financial operations by making it more effective.

RESERVE POLICY

It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure. This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to maintain this level throughout the year.

RISK MANAGEMENT

The charity have assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.

TRUSTEE RESPONSIBILITIES

Under the Charities Act 2011the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:

Select suitable accounting policies and apply them consistently.
Make judgements and estimates that are reasonable and prudent.
State whether the applicable accounting standards have been followed.
Prepare financial statements on an ongoing basis.

They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.

Approved by the Trustees on 23[rd] September 2024 and signed on their behalf by:

Independent Examiner’s Report To the Trustees ALPHA INERNATIONAL MINISTRIES

I report on the accounts of the church for the year ended 31[st] December 2023 set out on the following pages which have been prepared on the basis of the accounting policies shown in the corresponding pages.

Respective responsibilities of trustees and examiner

The trustees of the church are responsible for the preparation of accounts: they consider that the audit requirement under section 144(2) of the Charities Act 2011 (the 2011 Act),does not apply. It is my responsibility to :

Examine the accounts under section 145 of the 2011 Act.
Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 145(5)(b) of the 2011 Act.
State 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 given by 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 accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner’s statement

In the course of my examination, no matter has come to my attention;

(1) which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that:
proper accounting records are kept( in accordance with section 130 of the 2011 Act
accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 2011 Act: or
(2) to which , in my opinion , attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Chuks Ajuka BSc(Man), FICB PMDip FRESH FIRE ORGANISATION Generator Business Centre 95 Miles Road Mitcham Surrey CR4 3FH

ALPHA INTERNATIONAL MINISTRIES

Statement of Financial Activities for the year ended 31st December 2023

Unrestricted Total Funds Funds 2023 2022 Incoming ResourcesNote £ £ from generated funds Donations and Legacies 2 319733 319733 279956 Investment income 3 0 0 0 _ ______ ___ 319733 319733 279956 Other Income_ Other 0 0 50285 ______ _ Total Incoming 319733 319733 330241 Resources _____ _ Resources Expended Charitable activities in furtherance of objectives Cost of Activities 5 341,190 341,190 234062 Other 6 3,850 3,850 6875 _____ Total Resources 345,040 345,040 240937 Expended _________ Net movement in funds -25,307 -25,307 89304 Other recognised gains Gains on investments 182866 182866 Reconciliation of Funds Total Funds brought forward 850434 850434 761130 Total Funds carried forward 1,007,993 1,007,993 850434	Unrestricted Total Funds Funds 2023 2022 £ £ 319733 319733 279956 0 0 0	Unrestricted Total Funds Funds 2023 2022 £ £ 319733 319733 279956 0 0 0
	___ ______ 319733 319733 0 0	___ 279956 50285
	_________ 319733 319733	___ 330241
		_ 234062 6875 _ 240937
	_________ -25,307 -25,307 182866 182866 850434 850434 1,007,993 1,007,993	___ 89304 761130 850434

The above funds are all classed as to purpose All movements of funds and all recognised gains and losses are included above.

The notes on the accounts form part of these accounts.

ALPHA INTERNATIONAL MINISTRIES Balance Sheet as at 31st December 2023

Note 2023 Fixed Assets £ Tangible fixed assets 4 1402055 _ 1402055 _ Current Assets Cash at bank and 132958 in hand Debtors & prepayment 8 303 133261 Creditors:amounts falling due within one year Creditors & accruals 9 14540 _ Net Current Assets 118721 Creditors: amounts falling due after one year 10 512783 Net Assets 1007993 Unrestricted Funds General Fund 1007993 _ TOTAL FUNDS 1007993 ___	2022 1148036
	___ 1148036
	___ 166154 52088
	218242 3100
	___ 215142 512744
	850434
	850434 _ 850434 _

Approved by the trustees on 25th September 2024 and signed on their behalf by :

The notes on these accounts form part of these accounts

ALPHA INTERNATIONAL MINISTRIES NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] DECEMBER 2023

1) Accounting Policies These accounts have been prepared under the historic cost convention with items Recognised at cost or transaction values otherwise stated in the relevant note(s) to These accounts. The accounts have been prepared in accordance with: The Statement of Recommended Practice: Accounting and Reporting by Charities Preparing their accounts in accordance with the Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014.

1.1 Going Concern: The accounts are prepared on a going concern basis.

1.2 The accounts present a true and fair view and no change have been made to the accounting policies adopted.

1.3 No changes to the accounting estimates have occurred in the reporting period

1.5 No material prior year error have been identified in the reporting period.

Recognition of Income

These are included in the Statement of Financial Activities (SOFA) when:

The charity becomes entitled to resources;
It is more likely than not that the trustees will receive the resources;
The monetary value can be measured with sufficient reliability.

Grants and Donations

Grants and Donations are only included in the SOFA when the general income recognition criteria are met (5.10 to 512 FRS102 SORP)

Tax reclaim on donations and gifts

Gift Aid receivable is included in the income when there is a valid declaration from the donor. Any gift aid amount recovered on a donation is considered to be part of that gift and is treated in addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.

EXPENDITURE AND LIABILITIES

Liability Recognition

Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.

Grants and Support Costs

Support costs have been allocated between the governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.

ALPHA INTERNATIONAL MINISTRIES NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] DECEMBER 2023

Creditors

The charity has creditors which are measured at settlement amounts less any trade discounts.

ASSETS

Tangible Fixed Assets for use by the charity

They are capitalised if they can be used for more than one year. They are valued at cost. The depreciation is calculated at 20% reducing balance method.

Debtors

Debtors are measured on initial recognition at settlement amount. Subsequently they are measured at cash.


		ALPHA INTERNATIONAL MINISTRIES
	Notes to the accounts foryear ended 31st December 2023

2	Voluntary Income

			Unrestricted		Total funds
			Funds		2023	2022
	Church collections		£		£	£
	Tithes		188379		188379	166405
	Fund raising		11243		11243	23965
	Offerings		43656		43656	78473
	Special events		30646		30646	3560
	Other donations		112		112	1700
	Gifts		38391		38391
	Sponsorship		5856		5856	4013
	Building		1450		1450	1205
	Inter Organisation					555
	Chelmsford church					80

	Total		319733		319733	279956



3	Investment Income
			Unrestricted		Total funds
			Funds/£		2023/£	2022/£
	Bank Interest		0		0	0




4	Tangible Fixed Assets

			Baptism	Land &	Church	Computer
			pool	Building	Fixt&Fitt	Equipment	Software	Total 2023
	Cost		£	£	£	£		£
	At 01/01/2023		4419	1120000	37222	7643		1169284
	Additions			230000	38747		606	269353
	Disposal
	At 31/12/2023		4419	1350000	75969	7643	606	1438637

	Depreciation
	At 01/01/2023		884	0	17064	3302		21250
	Disposal
	charge for theyear		884		12919	1529		15332
			1768	0	29983	4831		36582

	NBV at 31/12/2023		2651	1350000	45986	2812	606	1402055
	NBVat 01/01/2023		3535	1120000	20158	4341		1148034

				9

ALPHA INTERNATIONAL MINISTRIES Notes to the accounts for year ended 31st December 2023

5	Cost of Activities in furtherance of Charity's	Cost of Activities in furtherance of Charity's	Cost of Activities in furtherance of Charity's	Objectives
		2023/£	2022/£
	Mortgage Interest	58454	22852
	Speakers expenses	16425	0
	Admin expenses	2873	1800
	Cleaning expenses	0	0
	Travelling	1725	175
	Stationery	3479	1612
	Consummables	9019	6589
	Light & Heat	8476	6159
	Outreach costs	4568	7625
	Salary	40494	34083
	Telephone	837	817
	Pension	0	0
	Mission	60211	68055
	Gifts to charities	6646	1605
	Professional fees	4261	1938
	Refreshments	17869	16417
	PAYE & NI	5948	6600
	Music services	0	900
	Depreciation	15332	8728
	Charity work expense	0	8650
	Rates	1976	1562
	Church expenses	1945	1090
	Subscriptions	1318	0
	Bank charges	137	0
	Conference costs	35686	0
	Other rent paid	11023	8287
	Events	8032	10108
	Building renovation	21505	11791
	Repairs & Maintenance	1250	5157
	Insurance	1701	1462
	Total	341190	234062
6	Other		2023	2022
			£	£
	Accounting services		0	0
	Benevolence giving		3850	6875
			______
	Total		3850	6875
7	Staff Costs		2023/£	2022/£
	Salaries		40494	34083
	Tax/National insurance		5948	6600
	Total		46442	40683

No employee earned more than £50,000 p.a. There was 1 employee during the year.

ALPHA INTERNATIONAL MINISTRIES

Notes to the accounts for year ended 31st December 2023

8 Debtors and Prepayments Tax recoverable Prepayments Loans & Advances Pledges Total 9 Creditors : amounts falling due within 1 year Creditors 10 Creditors : amounts falling due after 1 year Mortgage Principal	2023/£ 2022/£ 0 47135 0 4000 303 253 0 700
	303 52088
	2023/£ 2022/£ 14540 3100 2023/£ 2022/£ 512783 512744

Trustee Remuneration and Connected Parties

Trustee Sam John received payment of £24000 for services rendered as pastor of the church

11 Analysis of Fixed Asset Investments Carrying market value at startof year Net gain on revaluation Carrying market value at end of year	2023/£ 2022/£ 1100000 1100000 250000
	1350000 1100000