**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** - 0 - ## **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 - 1 - ## **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| - 2 - ## **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** - 3 - **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: 1. 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 2. To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. - 4 - ## **Achievers Faith International Ministries** Report and Financial Statements For Year Ended 31 December 2023 ## **K. Duodu - Accountant** ## **Date: 04/11/2024** - 5 - ## **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_**| - 6 - ## **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** - 7 - ## **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 - 8 - ## **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_**| |---|---| - 9 - ## **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_| - 10 - **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_**| |---|---| - 11 -