Achievers Faith International Ministries Report and Financial Statements For Year Ended 31 December 2022 ACHIEVERS FAITH INTERNATIONAL MINISTRIES TRUSTEES REPORT AND FINANCIAL STATEMENT FOR YEAR ENDED 31 DECEMBER 2022 CHARITY NUMBER: 1129252
Achievers Faith International Ministries Report and Financial Statements For Year Ended 31 December 2022 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 BANKER5 Barclays Bank PLC Leeds ACCOUNTANT 58 Colebrook Lane Loughton IGIO 2HJ
Achievers Faith International Ministries Report and Financial Statements For Year Ended 31 December 2022 CONTENTS Pages Trustee's Report Accountanys Report ststement of Financial Activities Balan Sheet Notes to the Financial Statements
Achievers Faith International Ministries Report and Financial Statements For Year Ended 31 December 2022 The Trustees present their statutory reFlOrt and the certified financial statements for the year ended 31 December 2022. TRUSTEE5 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 charitws financial activities during the year and of its financial position at the end of the year. In preparing these finantial statements. the trustees are required to= 11 Select suitable accounting policies and then apply them consistently. 21 Make judgements and estimates that are reasonable and prudent. 31 Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. 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 DOCUMEMrs 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 reseNe 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 SeNces as our Accountsnts. Signed on behalf of the charl$ trustees Cynthia Ezika {Pastor) Date: 2911012024 Trustee
Achievers Faith International Ministries Report and Financial Statements For Year Ended 31 December 2022 REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES OF ACHIEVERS FAITH report on the accounts of the Charity for the year ended 31 December 2022. which are set out on Ibe following pages wku.ch have been prepared based oll the accountillg po"cle5 showi in the corresponding pages. Respective responsibililies of trnslees and examiner The trustees of ihe charity are responsible for Ihe preparation of accounts.. they consider that the audit requirement under section 43(2) of the Charities Act 199.3 (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 do in the General Directions given by the Charity Cotntni5sioners made under Section 4317)(b) of the 1993 ACL and State whether particular matters have come to my attention. BASIS OF INDEPENDENT EXAMINERS REPORT My examination was carried out in accordance ii'ith the General Direction given by the Charity Cojnmissioner's. i¥n examination included a review of the accounting records kept. It also includes consideration of any unusual iten]s of disclosures in the accounts. And seeking examinations from you as trnstees concerning any matters. Tbe 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 Tr"iew' given by the accounts. INDEPENDENT EXAMINER'S STATEME In accordance with my examination, no matter has come to my attention: I. Ivhich gives me a reasonable cause to believe that in any material respect Ihe requirettLents to keep accounting record in accordance with section 41 of the 1993 Act and to prepare which accord with tbe accounting records and to comply with the accounting requirements of the 1993 Acl. have not been met 2. To Ns,hich, in my opinion. attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Achievers Faith International Ministries Report and Financial Statements For Year Ended 31 December 2022 K. Duodu - Accountant Date: 2911012024
Achievers Faith International Ministries Report and Financial Statements For Year Ended 31 December 2022 Unrestricted Incorne Fund Restricted Fund Total this Totol Last year yeor Notes Incorning Resources Voluntary Income Total Incoming Resources 26.709 26.709 26,709 26.709 21.614 21.614 Resources Expanded Charitable Activities Governance Codt Totsl Resources Expanded 23.841 150 23,991 23.841 150 23,991 22,488 150 22,638 Net Incoming Resources Transfer between Funds Net Resources for thls Year 2,718 2,718 1.024 Total Funds Blfvid Prior Year Reserve Adjustment Total Funds clFwd 198 2,520 198 2.520 825
Achievers Faith International Ministries Report and Financial Statements For Year Ended 31 December 2022 Total 2022 Total 2021 Notes Flxed Assets Tangible Assets CurrentAssets Debtors Cash & Bank Bakance Total Current Assets 446 2,074 2,520 2,455 2,455 Current ilabillties Amount Due within l year Net Current assets 2,653 198 2.520 Long Term Liabilities Net Assets/lLiabilities} 2,520 198 Funds Unrestricted Reserves Restricted reserves 2,520 198 2.520 198 Approved by the Trustees on .. ..3111012024.......................................... and signed on its behalf by Cynthia Ezika {Pastor) Trustee
Achievers Faith International Ministries Report and Financial Statements For Year Ended 31 December 2022 Accountin8 Policies Basis of Accounting The financial statements have been prepared under the historical cost convention. The accounts have been prepared in accordance with applicable accounting standards. Charities sORP25 (Accounting and Reporting by Charities) and comply with the Charities (Accounts and Reports) Regulations 285 issued under the Charities Act 1993 las amended Charities Act 20061 Incomlng 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. Tangible Fixed Assets and Depreciation Tangible fixed assets are ststed 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 25% Straight Line Fixtures, Fittings and Office Equipment:
Achievers Faith International Ministries Report and Financial Statements For Year Ended 31 December 2022 Incorning Resource5 2022 26,709 2021 21,614 Incoming Resources 26,709 21,614
Achievers Faith International Ministries Report and Financial Statements For Year Ended 31 December 2022 Resources Expended Charitable Activities 2022 2021 Rerbt 11,496 683 11.496 Fuel Welfare Love Offering Administration 1,072 1.500 1.595 2.220 1.560 Voluntary Allowance Phone Charitable Donations Library Material 1.118 21 1.312 1,564 209 1,751 Insurance Bank Charges Departmental Costs Travel Expenses Internet and Media Cost Pension 1.873 1.222 889 2.598 1.551 600 Depreciation Total Costs 23.841 22.488 Governance Costs Accountancy Legal Total 150 150 150 150 io-
Achievers Faith International Ministries Report and Financial Statements For Year Ended 31 December 2022 Tanglble Flxed Assets NOTES TO THE FINANCIAL STATEMNTS FOR THE YEAR ENDED 31 DECEMBER 2022 FUNDS Unrestricted Funds 2022 2021 Balance Brought Down Net Income for the year Prior Year Reserve Adjustment Balance Carried forward 198 825 2,718 1,024 2,520 198 li-