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2020-12-31-accounts

Achievers Faith International Ministries

Report and Financial Statements

For Year Ended 31 December 2020

ACHIEVERS FAITH INTERNATIONAL MINISTRIES

TRUSTEES REPORT AND FINANCIAL STATEMENT FOR YEAR ENDED 31 DECEMBER 2020

CHARITY NUMBER: 1129252

Achievers Faith International Ministries

Report and Financial Statements

For Year Ended 31 December 2020

TRUSTEES

Pastor George Asomaning Pastor Stella Ofori-Atta Pastor Moses Asare Pastor Cynthia Ezika

REGISTERED OFFICE

19 Ash Tree View Leeds LS14 5LX

CHARITY REGISTERED NUMBER

1129252

BANKERS

Barclays Bank PLC Leeds

ACCOUNTANTS

Apex Services Kemp House 152 – 160 City Road London EC1V 2NX

Achievers Faith International Ministries

Report and Financial Statements

For Year Ended 31 December 2020

CONTENTS
Pages 3 Trustee’s Report
4 Accountant’s Report
6 Statement of Financial Activities
7 Balance Sheet
8 Notes to the Financial Statements

Achievers Faith International Ministries

Report and Financial Statements

For Year Ended 31 December 2020

REPORT OF THE TRUSTEE’S FOR THE YEAR ENDED 31 DECEMBER 2020

The Trustees present their statutory report and the certified financial statements for the year ended 31 December 2020.

TRUSTEES RESPONSIBILITIES

The Charity Act 1993 requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year. In preparing these financial statements, the trustees are required to:

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 1993.

GOVERNING DOCUMENTS

THE Charity is constituted by a Deed of Trust and registered with The Charity Commission.

FINANCIAL REVIEW

The year under review saw a significant reduction of unrestricted income which totally erased our positive reserve balance. Major planned activities were also affected in the year under review.

The board of Trustees have tasked the Accountants to speed up Gift Aid reclaim process to help supplement traditional sources of income.

We have decided to appoint Apex Services as our Accountants.

Signed on behalf of the charity’s trustees

Cynthia Ezika (Pastor)

Date: 21/10/2021

Trustee

Achievers Faith International Ministries

Report and Financial Statements

For Year Ended 31 December 2020

REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES OF ACHIEVERS FAITH

INTERNATIONAL MINISTRIES FOR THE YEAR ENDED 31 DECEMBER 2020

I report on the accounts of the Charity for the year ended 31 December 2020, which are set out on the following pages which have been prepared based on the accounting policies shown in the corresponding pages.

Respective responsibilities of trustees and examiner

The trustees of the charity are responsible for the preparation of accounts: they consider that the audit requirement under section 43(2) of the Charities Act 1993 (the 1993 Act)), does not apply. It is my responsibility to:

Examine the accounts under section 43(3) of the 1993 Act. Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 43(7)(b) of the 1993 Act, and State whether particular matters have come to my attention.

BASIS OF INDEPENDENT EXAMINERS REPORT

My examination was carried out in accordance with the General Direction given by the Charity Commissioner’s. An examination included a review of the accounting records kept. It also includes consideration of any unusual items of disclosures in the accounts. And seeking examinations from you as trustees concerning any matters.

The procedures undertaken do not provide all the evidence that would be required in an audit, and as a result I do not express an audit opinion on the view given by the accounts.

INDEPENDENT EXAMINER’S STATEMENT

In accordance with my examination, no matter has come to my attention:

  1. Which gives me a reasonable cause to believe that in any material respect the requirements

  2. to keep accounting record in accordance with section 41 of the 1993 Act and

    • to prepare which accord with the accounting records and to comply with the accounting requirements of the 1993 Act.

have not been met

  1. To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

  2. 4 -

Achievers Faith International Ministries

Report and Financial Statements

For Year Ended 31 December 2020

K. Duodu [B.Sc (Chem. Eng.), IFA, FTTC]

Date: 21/10/2021

Achievers Faith International Ministries

Report and Financial Statements

For Year Ended 31 December 2020

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMMBER 2020

Unrestricted
Income Fund
Notes
£
Incoming Resources
Voluntary Income
2
26,784
Total Incoming Resources
26,784
Resources Expanded
3
Charitable Activities
23,660
Governance Codt
150
Total Resources Expanded
23,810
Net incoming Resources
Transfer between Funds
-
Net Resources for this Year
2,975
Total Funds B/fwd
-
Prior Year Reserve Adjustment
2,149
-
Total Funds c/Fwd
825		 Restricted
Fund
£
-
-
-
-
-
-
-
-
-		 Total this
year
£
26,784
26,784
23,660
150
23,810
-
2,975
-
2,149
-
825		 Total Last
year
£
35,611
35,611
33,624
-
33,624
-
1,987
-
4,137
-
2,149
-

Achievers Faith International Ministries

Report and Financial Statements

For Year Ended 31 December 2020

BALANCE SHEET AS AT 31 DECEMBER 2020

Total Total
2020 2019
Notes £ £
Fixed Assets 4
Tangible Assets - -
Current Assets
Debtors - -
Cash & Bank Bakance 3,324 8
Total Current Assets 3,324 8
Current Liabilities
Amount Due within 1 year 5 2,499 2,157
Net Current assets 825 - 2,149
Long Term Liabilities - -
Net Assets/(Liabilities) 825 - 2,149
Funds
Unrestricted Reserves 825 - 4,137
Restricted reserves - -
825 - 4,137
Approved by the Trustees on ………21/10/2021…………………………………… and signed on its behalf by
Cynthia Ezika (Pastor)
Trustee

Achievers Faith International Ministries

Report and Financial Statements

For Year Ended 31 December 2020

NOTES TO THE FINANCIAL STATEMNTS FOR THE YEAR ENDED 31 DECEMBER 2020

1 Accounting Policies

1.1 Basis of Accounting

The accounts have been prepared in accordance with applicable accounting standards, Charities SORP2005 (Accounting and Reporting by Charities) and comply with the Charities (Accounts and Reports) Regulations 20085 issued under the Charities Act 1993 (as amended Charities Act 2006)

1.2 Incoming Resources

Voluntary incomes are received by way of donations and are recognised as incoming resources when receivable, except insofar as they are incapable of financial measurement.

1.3 Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows:

Instruments: 33% Straight Line Fixtures, Fittings and Office Equipment: 25% Straight Line

2 Incoming Resources

2020 2019 Incoming Resources 26,784 35,611 26,784 35,611

Achievers Faith International Ministries

Report and Financial Statements

For Year Ended 31 December 2020

NOTES TO THE FINANCIAL STATEMNTS FOR THE YEAR ENDED 31 DECEMBER 2020

3 Resources Expended

Charitable Activities
Rent
Publicity
Welfare
Love Offering
Administration
Voluntary Allowance
Phone
Charitable Donations
Library Material
Utilities
Insurance
Bank Charges
Business Rate
Travel Expenses
Petty Cash
Pension
Depreciation
Total Costs
Governance Costs
Accountancy
Legal
Total		 2020
£
11,746
2,610
1,954
-
818
3,003
5
3,024
400
100
-
23,660
150
-
150		 2019
£
10,538
100
680
5,265
1,374
-
1,121
2,504
1,193
1,981
674
-
4,074
3,820
200
100
-
33,624
-
-
-

Report and Financial Statements

Achievers Faith International Ministries

For Year Ended 31 December 2020

NOTES TO THE FINANCIAL STATEMNTS FOR THE YEAR ENDED 31 DECEMBER 2020

4 Tangible Fixed Assets

NOTES TO THE FINANCIAL STATEMNTS FOR THE YEAR ENDED 31 DECEMBER 2020

5 FUNDS

Unrestricted Funds

Balance Brought Down
Net Income for the year
Prior Year Reserve Adjustment
Balance Carried forward		 2020
2019
£
£
2,149
-
4,137
-
2,975
1,987
-
-
825
2,149
-