## **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**
**1**
## **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.
**2**
## **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:
1. Select suitable accounting policies and apply them consistently.
2. Make judgements and estimates that are reasonable and prudent.
3. State whether the applicable accounting standards have been followed.
4. 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:
_____________________________________________
**3**
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
**4**
## **ALPHA INTERNATIONAL MINISTRIES**
## **Statement of Financial Activities for the year ended 31st December 2023**
|**Unrestricted**
**Total Funds**
**Funds**
**2023**
**2022**
**Incoming Resources**Note
**£**
**£**
**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
**6**
## **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.
**7**
## **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.
.
**8**
|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|||**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.
**10**
## **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|
**11**