2023-12-31-accounts - Achievers Faith International Ministries

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Achievers Faith International Ministries

Report and Financial Statements For Year Ended 31 December 2023

ACHIEVERS FAITH INTERNATIONAL MINISTRIES

TRUSTEES REPORT AND FINANCIAL STATEMENT FOR YEAR ENDED 31 DECEMBER 2023

CHARITY NUMBER: 1129252

Achievers Faith International Ministries

Report and Financial Statements

For Year Ended 31 December 2023

TRUSTEES

Pastor George Asomaning Pastor Moses Asare Pastor Cynthia Ezika

REGISTERED OFFICE

73 King Alfreds Drive Leeds LS6 4PS

CHARITY REGISTERED NUMBER

1129252

BANKERS

Barclays Bank PLC Leeds

ACCOUNTANT

58 Colebrook Lane Loughton IG10 2HJ

Achievers Faith International Ministries

Report and Financial Statements

For Year Ended 31 December 2023

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 2023

REPORT OF THE TRUSTEE’S FOR THE YEAR ENDED 31 DECEMBER 2023

The Trustees present their statutory report and the certified financial statements for the year ended 31 December 2023.

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:

1) Select suitable accounting policies and then apply them consistently.
2) Make judgements and estimates that are reasonable and prudent.
3) 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 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: 29/10/2024

Trustee

Achievers Faith International Ministries

Report and Financial Statements

For Year Ended 31 December 2023

REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES OF ACHIEVERS FAITH INTERNATIONAL MINISTRIES FOR THE YEAR ENDED 31 DECEMBER 2023

I report on the accounts of the Charity for the year ended 31 December 2023, 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:

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

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

Report and Financial Statements

For Year Ended 31 December 2023

K. Duodu - Accountant

Date: 04/11/2024

Achievers Faith International Ministries

Report and Financial Statements

For Year Ended 31 December 2023

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMMBER 2023

Notes Incoming Resources Voluntary Income 2 Total Incoming Resources Resources Expanded 3 Charitable Activities Governance Codt Total Resources Expanded Net incoming Resources Transfer between Funds Net Resources for this Year Total Funds B/fwd Prior Year Reserve Adjustment Total Funds c/Fwd	Unrestricted Income Fund £ 26,213 26,213 27,442 150 27,592 - 1,379 - - 2,520 1,140	Restricted Fund £ - - - - - - - - -	Total this year £ 26,213 26,213 27,442 150 27,592 - 1,379 - - 2,520 1,140	*Total Last* *year* £ 26,709 *26,709* 23,841 150
				*23,991*
				-
				*2,718*
				- 198 -
				*2,520*

Achievers Faith International Ministries

Report and Financial Statements

For Year Ended 31 December 2023

BALANCE SHEET AS AT 31 DECEMBER 2023

Notes Fixed Assets 4 Tangible Assets *Current Assets* Debtors Cash & Bank Bakance Total Current Assets *Current Liabilities* Amount Due within 1 year 5 Net Current assets Long Term Liabilities Net Assets/(Liabilities) Funds Unrestricted Reserves Restricted reserves	1,435	Total Total 2023 2022 £ £ - - 446 2,074 2,520 - 2,520 - 1,140 2,520 1,140 2,520 - - 1,140 *2,520*
	1,435 295
	1,140 -

Approved by the Trustees on ……… 04/11/2024 …………………………………… and signed on its behalf by

Cynthia Ezika (Pastor) Trustee

Achievers Faith International Ministries

Report and Financial Statements

For Year Ended 31 December 2023

NOTES TO THE FINANCIAL STATEMNTS FOR THE YEAR ENDED 31 DECEMBER 2023

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

Achievers Faith International Ministries

Report and Financial Statements

For Year Ended 31 December 2023

2 Incoming Resources

Incoming Resources	2023 *2022* 26,213 26,709 26,213 *26,709*

Achievers Faith International Ministries

Report and Financial Statements

For Year Ended 31 December 2023

NOTES TO THE FINANCIAL STATEMNTS FOR THE YEAR ENDED 31 DECEMBER 2023

3 Resources Expended

Charitable Activities Rent Fuel Welfare Love Offering Administration Voluntary Allowance Phone Charitable Donations Library Material Utilities Insurance Bank Charges Departmental Costs Travel Expenses Internet and Media Cost Pension Depreciation Total Costs Governance Costs Accountancy Legal Total	2023 £ 11,496 1,117 1,140 781 650 - 870 - - 3,161 1,035 - 1,389 4,173 1,030 600 - 27,442 150 - 150	2022 £ 11,496 683 1,072 1,500 1,595 - 1,118 21 - 1,564 209 - 1,873 1,222 889 600 -
		*23,841*
		150 -
		150

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Achievers Faith International Ministries

Report and Financial Statements

For Year Ended 31 December 2023

NOTES TO THE FINANCIAL STATEMNTS FOR THE YEAR ENDED 31 DECEMBER 2023

4 Tangible Fixed Assets

NOTES TO THE FINANCIAL STATEMNTS FOR THE YEAR ENDED 31 DECEMBER 2023

5 FUNDS

Unrestricted Funds

Balance Brought Down Net Income for the year Prior Year Reserve Adjustment Balance Carried forward	2023 *2022* £ £ 2,520 198 - 1,379 - 2,718 - - 1,140 *2,520*

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